N-Q 1 d160169dnq.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)

Peter H. Duffy

MetLife Advisers, LLC

One Financial Center

Boston, Massachusetts 02111

 

Copy to:

 

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, 2016 to March 31, 2016

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, 2016

 

         
   LOGO


Table of Contents

Metropolitan Series Fund

Table of Contents

 

Schedule of Investments as of March 31, 2016 (Unaudited)   

Baillie Gifford International Stock Portfolio

   MSF-1

Barclays Aggregate Bond Index Portfolio

   MSF-4

BlackRock Bond Income Portfolio

   MSF-18

BlackRock Capital Appreciation Portfolio

   MSF-49

BlackRock Large Cap Value Portfolio

   MSF-53

BlackRock Ultra-Short Term Bond Portfolio (formerly, BlackRock Money Market Portfolio)

   MSF-56

Frontier Mid Cap Growth Portfolio

   MSF-59

Jennison Growth Portfolio

   MSF-62

Loomis Sayles Small Cap Core Portfolio

   MSF-65

Loomis Sayles Small Cap Growth Portfolio

   MSF-70

Met/Artisan Mid Cap Value Portfolio

   MSF-73

Met/Dimensional International Small Company Portfolio

   MSF-76

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

   MSF-112

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio)

   MSF-140

MetLife Asset Allocation 20 Portfolio

   MSF-143

MetLife Asset Allocation 40 Portfolio

   MSF-145

MetLife Asset Allocation 60 Portfolio

   MSF-147

MetLife Asset Allocation 80 Portfolio

   MSF-149

MetLife Mid Cap Stock Index Portfolio

   MSF-151

MetLife Stock Index Portfolio

   MSF-158

MFS Total Return Portfolio

   MSF-166

MFS Value Portfolio

   MSF-179

MSCI EAFE Index Portfolio

   MSF-183

Neuberger Berman Genesis Portfolio

   MSF-194

Russell 2000 Index Portfolio

   MSF-198

T. Rowe Price Large Cap Growth Portfolio

   MSF-218

T. Rowe Price Small Cap Growth Portfolio

   MSF-223

Van Eck Global Natural Resources Portfolio

   MSF-228

Western Asset Management Strategic Bond Opportunities Portfolio

   MSF-230

Western Asset Management U.S. Government Portfolio

   MSF-248

Notes to Schedule of Investments

   MSF-255

 

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, 2016 (Unaudited)

Common Stocks—99.0% of Net Assets

 

Security Description   Shares     Value  

Argentina—1.6%

   

MercadoLibre, Inc. (a)

    232,338      $ 27,381,033   
   

 

 

 

Australia—3.6%

   

Brambles, Ltd.

    2,199,727        20,373,015   

Cochlear, Ltd.

    221,159        17,327,084   

Seek, Ltd. (a)

    605,864        7,485,138   

Treasury Wine Estates, Ltd.

    2,305,380        16,992,315   
   

 

 

 
      62,177,552   
   

 

 

 

Brazil—1.6%

   

Embraer S.A. (ADR)

    620,878        16,366,344   

Itau Unibanco Holding S.A. (ADR)

    1,231,649        10,579,865   
   

 

 

 
      26,946,209   
   

 

 

 

Canada—4.7%

   

Constellation Software, Inc.

    41,514        16,998,445   

Fairfax Financial Holdings, Ltd.

    64,054        35,858,896   

Restaurant Brands International, Inc. (a)

    397,100        15,422,309   

Ritchie Bros. Auctioneers, Inc. (a)

    443,057        11,997,984   
   

 

 

 
      80,277,634   
   

 

 

 

China—3.0%

   

Alibaba Group Holding, Ltd. (ADR) (a) (b)

    184,162        14,554,323   

Baidu, Inc. (ADR) (b)

    142,800        27,257,664   

Want Want China Holdings, Ltd. (a)

    13,272,626        9,842,892   
   

 

 

 
      51,654,879   
   

 

 

 

Denmark—3.5%

   

DSV A/S

    485,507        20,123,304   

Novo Nordisk A/S - Class B

    390,136        21,064,382   

Novozymes A/S - B Shares

    434,808        19,485,891   
   

 

 

 
      60,673,577   
   

 

 

 

Finland—2.4%

   

Kone Oyj - Class B (a)

    466,898        22,417,856   

Sampo Oyj - A Shares (a)

    397,664        18,815,595   
   

 

 

 
      41,233,451   
   

 

 

 

France—2.6%

   

Edenred (a)

    499,410        9,690,989   

Essilor International S.A.

    145,758        17,959,704   

Legrand S.A.

    295,313        16,531,756   
   

 

 

 
      44,182,449   
   

 

 

 

Germany—6.0%

   

Brenntag AG

    282,662        16,114,830   

Continental AG

    80,447        18,308,418   

Deutsche Boerse AG

    359,487        30,675,208   

MTU Aero Engines AG

    121,146        11,614,875   

SAP SE

    319,594        25,855,847   
   

 

 

 
      102,569,178   
   

 

 

 

Hong Kong—2.8%

   

Hang Seng Bank, Ltd.

    1,141,600        20,218,467   

Hong Kong—(Continued)

  

Hong Kong Exchanges and Clearing, Ltd.

    1,177,200      28,334,356   
   

 

 

 
      48,552,823   
   

 

 

 

Ireland—6.6%

   

CRH plc

    860,353        24,177,080   

Experian plc

    1,362,900        24,252,108   

James Hardie Industries plc

    1,666,437        22,717,424   

Ryanair Holdings plc (ADR)

    494,900        42,472,318   
   

 

 

 
      113,618,930   
   

 

 

 

Japan—13.1%

   

Denso Corp.

    494,600        19,821,897   

FANUC Corp.

    101,500        15,760,012   

Fast Retailing Co., Ltd.

    41,300        13,210,455   

Japan Exchange Group, Inc.

    2,255,400        34,440,034   

MS&AD Insurance Group Holdings, Inc.

    667,100        18,575,076   

Nidec Corp. (a)

    236,800        16,193,173   

Rakuten, Inc. (a)

    2,217,900        21,378,772   

Shimano, Inc.

    155,800        24,354,325   

SMC Corp.

    98,300        22,816,327   

Sumitomo Mitsui Trust Holdings, Inc.

    6,813,000        19,939,307   

Toyota Tsusho Corp.

    854,300        19,291,384   
   

 

 

 
      225,780,762   
   

 

 

 

Netherlands—1.6%

   

Heineken Holding NV

    363,058        28,248,070   
   

 

 

 

Panama—0.8%

   

Copa Holdings S.A. - Class A (a)

    213,638        14,473,974   
   

 

 

 

Peru—0.7%

   

Credicorp, Ltd.

    94,356        12,361,579   
   

 

 

 

Russia—1.6%

   

Magnit PJSC (GDR)

    390,167        15,505,214   

Yandex NV - Class A (b)

    798,318        12,230,232   
   

 

 

 
      27,735,446   
   

 

 

 

Singapore—1.3%

   

United Overseas Bank, Ltd.

    1,618,473        22,648,885   
   

 

 

 

South Africa—3.0%

   

Naspers, Ltd. - N Shares

    365,289        50,826,551   
   

 

 

 

South Korea—4.9%

   

NAVER Corp.

    29,269        16,291,946   

Samsung Electronics Co., Ltd.

    46,522        53,361,623   

SK Telecom Co., Ltd.

    76,078        13,814,247   
   

 

 

 
      83,467,816   
   

 

 

 

Spain—2.9%

   

Bankinter S.A.

    2,532,099        17,798,422   

Industria de Diseno Textil S.A.

    952,164        31,945,131   
   

 

 

 
      49,743,553   
   

 

 

 

 

MSF-1


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Sweden—4.6%

   

Atlas Copco AB - B Shares

    1,323,232      $ 31,179,628   

Svenska Handelsbanken AB - A Shares (a)

    2,827,668        35,765,157   

Volvo AB - B Shares

    1,067,847        11,650,564   
   

 

 

 
      78,595,349   
   

 

 

 

Switzerland—4.6%

   

Cie Financiere Richemont S.A.

    226,199        14,908,713   

LafargeHolcim, Ltd. (a) (b)

    315,951        14,825,189   

Nestle S.A.

    654,221        48,852,963   
   

 

 

 
      78,586,865   
   

 

 

 

Taiwan—4.9%

   

Hon Hai Precision Industry Co., Ltd.

    5,727,895        15,000,774   

Taiwan Semiconductor Manufacturing Co., Ltd.

    14,007,000        70,058,737   
   

 

 

 
      85,059,511   
   

 

 

 

United Kingdom—15.8%

   

ARM Holdings plc

    2,219,866        32,375,557   

ASOS plc (a) (b)

    193,858        8,997,643   

British American Tobacco plc

    405,399        23,741,174   

Burberry Group plc (a)

    658,751        12,903,498   

Capita plc (a)

    1,418,200        21,147,228   

Hargreaves Lansdown plc

    1,020,400        19,577,983   

Howden Joinery Group plc

    1,121,055        7,674,439   

Petrofac, Ltd. (a)

    806,500        10,590,504   

Prudential plc

    1,327,719        24,625,589   

Rio Tinto plc

    840,000        23,704,155   

Rolls-Royce Holdings plc (b)

    968,421        9,428,098   

St. James’s Place plc

    1,388,334        18,203,128   

Tullow Oil plc (a) (b)

    2,422,659        6,822,529   

Unilever NV

    596,325        26,634,921   

Wolseley plc

    457,288        25,749,523   
   

 

 

 
      272,175,969   
   

 

 

 

United States—0.8%

   

Pricesmart, Inc. (a)

    158,049        13,367,784   
   

 

 

 

Total Common Stocks
(Cost $1,501,416,856)

      1,702,339,829   
   

 

 

 
Short-Term Investments—11.1%   

Mutual Fund—10.5%

   

State Street Navigator Securities Lending MET Portfolio (c)

    180,491,307        180,491,307   
   

 

 

 

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.6%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $10,984,254 on 04/01/16, collateralized by $11,000,000 U.S. Treasury Note at 1.500% due 05/31/20 with a value of $11,206,250.

    10,984,245      $ 10,984,245   
   

 

 

 

Total Short-Term Investments
(Cost $191,475,552)

      191,475,552   
   

 

 

 

Total Investments—110.1%
(Cost $1,692,892,408) (d)

      1,893,815,381   

Other assets and liabilities (net)—(10.1)%

      (173,515,045
   

 

 

 
Net Assets—100.0%     $ 1,720,300,336   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $172,421,947 and the collateral received consisted of cash in the amount of $180,491,307 and non-cash collateral with a value of $542,277. 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 on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $1,692,892,408. The aggregate unrealized appreciation and depreciation of investments were $353,519,217 and $(152,596,244), respectively, resulting in net unrealized appreciation of $200,922,973.
(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.

 

Ten Largest Industries as of
March 31, 2016 (Unaudited)

  

% of
Net Assets

 

Banks

     8.1   

Insurance

     6.7   

Machinery

     6.0   

Semiconductors & Semiconductor Equipment

     6.0   

Internet Software & Services

     5.7   

Diversified Financial Services

     5.4   

Construction Materials

     3.6   

Trading Companies & Distributors

     3.6   

Food Products

     3.4   

Airlines

     3.3   

 

MSF-2


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Argentina

   $ 27,381,033       $ —        $ —         $ 27,381,033   

Australia

     —           62,177,552        —           62,177,552   

Brazil

     26,946,209         —          —           26,946,209   

Canada

     80,277,634         —          —           80,277,634   

China

     41,811,987         9,842,892        —           51,654,879   

Denmark

     —           60,673,577        —           60,673,577   

Finland

     —           41,233,451        —           41,233,451   

France

     —           44,182,449        —           44,182,449   

Germany

     —           102,569,178        —           102,569,178   

Hong Kong

     —           48,552,823        —           48,552,823   

Ireland

     42,472,318         71,146,612        —           113,618,930   

Japan

     —           225,780,762        —           225,780,762   

Netherlands

     —           28,248,070        —           28,248,070   

Panama

     14,473,974         —          —           14,473,974   

Peru

     12,361,579         —          —           12,361,579   

Russia

     12,230,232         15,505,214        —           27,735,446   

Singapore

     —           22,648,885        —           22,648,885   

South Africa

     —           50,826,551        —           50,826,551   

South Korea

     —           83,467,816        —           83,467,816   

Spain

     —           49,743,553        —           49,743,553   

Sweden

     —           78,595,349        —           78,595,349   

Switzerland

     —           78,586,865        —           78,586,865   

Taiwan

     —           85,059,511        —           85,059,511   

United Kingdom

     —           272,175,969        —           272,175,969   

United States

     13,367,784         —          —           13,367,784   

Total Common Stocks

     271,322,750         1,431,017,079        —           1,702,339,829   
Short-Term Investments           

Mutual Fund

     180,491,307         —          —           180,491,307   

Repurchase Agreement

     —           10,984,245        —           10,984,245   

Total Short-Term Investments

     180,491,307         10,984,245        —           191,475,552   

Total Investments

   $ 451,814,057       $ 1,442,001,324      $ —         $ 1,893,815,381   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (180,491,307   $ —         $ (180,491,307

 

MSF-3


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

U.S. Treasury & Government Agencies—67.8% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—28.3%

  

Fannie Mae 15 Yr. Pool
2.500%, 12/01/27

    4,335,606      $ 4,474,809   

2.500%, 02/01/28

    3,382,070        3,488,666   

2.500%, 07/01/28

    5,844,867        6,029,086   

2.500%, 10/01/28

    3,836,997        3,957,931   

2.500%, 03/01/30

    3,621,282        3,720,067   

3.000%, 01/01/27

    1,769,592        1,853,935   

3.000%, 02/01/27

    2,897,344        3,035,463   

3.000%, 03/01/27

    1,505,085        1,576,833   

3.000%, 01/01/29

    6,856,361        7,169,381   

3.000%, 10/01/29

    3,189,629        3,334,126   

3.000%, 06/01/30

    3,552,239        3,713,670   

3.500%, 02/01/26

    2,794,644        2,957,337   

3.500%, 03/01/26

    1,058,518        1,120,140   

3.500%, 05/01/29

    2,860,267        3,024,799   

4.000%, 04/01/19

    68,838        71,682   

4.000%, 05/01/19

    173,933        181,137   

4.000%, 01/01/20

    301,430        313,985   

4.000%, 06/01/24

    481,335        504,769   

4.000%, 11/01/24

    2,533,148        2,656,476   

4.500%, 07/01/18

    228,573        237,086   

4.500%, 05/01/19

    109,094        113,218   

4.500%, 08/01/24

    611,121        643,658   

4.500%, 06/01/25

    1,161,846        1,223,746   

5.000%, 06/01/18

    40,562        42,262   

5.000%, 01/01/19

    113,580        118,964   

5.000%, 02/01/20

    193,094        203,251   

5.000%, 01/01/22

    267,180        287,061   

5.000%, 02/01/24

    733,575        788,392   

5.500%, 11/01/17

    21,288        21,685   

5.500%, 02/01/18

    17,704        18,121   

5.500%, 04/01/18

    167,722        173,237   

6.000%, 09/01/17

    40,487        41,107   

6.500%, 04/01/17

    103,929        105,574   

Fannie Mae 20 Yr. Pool
3.000%, 02/01/33

    2,136,745        2,215,282   

3.000%, 08/01/35

    2,886,118        2,992,413   

3.500%, 04/01/32

    2,084,122        2,207,368   

3.500%, 09/01/35

    3,096,745        3,265,363   

4.000%, 02/01/31

    992,760        1,071,556   

4.500%, 08/01/30

    619,181        673,614   

5.000%, 02/01/24

    226,290        250,168   

5.000%, 09/01/25

    191,684        211,866   

5.500%, 07/01/23

    143,374        160,677   

5.500%, 01/01/24

    94,967        106,428   

5.500%, 07/01/24

    249,384        279,480   

5.500%, 07/01/25

    224,206        251,263   

7.000%, 10/01/21

    11,853        13,194   

Fannie Mae 30 Yr. Pool
3.000%, 08/01/42

    1,690,902        1,738,479   

3.000%, 09/01/42

    2,440,373        2,509,038   

3.000%, 11/01/42

    2,919,160        3,001,297   

3.000%, 12/01/42

    5,299,053        5,448,154   

3.000%, 01/01/43

    1,430,208        1,470,450   

3.000%, 02/01/43

    4,884,799        5,022,251   

3.000%, 03/01/43

    6,084,240        6,255,443   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
3.000%, 05/01/43

    4,437,423      4,562,287   

3.000%, 07/01/43

    11,594,941        11,921,210   

3.000%, 09/01/43

    3,577,077        3,677,732   

3.000%, 05/01/45

    3,768,586        3,868,978   

3.500%, 12/01/40

    2,343,855        2,462,145   

3.500%, 03/01/42

    1,514,286        1,590,335   

3.500%, 04/01/42

    3,296,319        3,461,864   

3.500%, 05/01/42

    3,914,872        4,111,482   

3.500%, 06/01/42

    2,929,529        3,076,654   

3.500%, 08/01/42

    1,994,083        2,094,228   

3.500%, 09/01/42

    5,275,094        5,540,017   

3.500%, 10/01/42

    2,485,462        2,610,285   

3.500%, 01/01/43

    2,320,603        2,437,147   

3.500%, 02/01/43

    3,728,097        3,915,327   

3.500%, 04/01/43

    4,059,050        4,258,471   

3.500%, 06/01/43

    2,235,568        2,345,402   

3.500%, 08/01/44

    3,339,713        3,503,569   

3.500%, 02/01/45

    4,310,949        4,522,456   

3.500%, 03/01/45

    6,426,122        6,742,696   

3.500%, 04/01/45

    7,997,809        8,391,810   

3.500%, 09/01/45

    13,182,585        13,832,007   

3.500%, 11/01/45

    4,705,966        4,937,799   

4.000%, 08/01/39

    1,647,122        1,760,277   

4.000%, 09/01/39

    1,196,179        1,278,354   

4.000%, 12/01/39

    1,527,372        1,632,300   

4.000%, 06/01/40

    1,712,314        1,834,510   

4.000%, 09/01/40

    988,724        1,059,282   

4.000%, 12/01/40

    6,810,856        7,296,898   

4.000%, 01/01/41

    3,915,347        4,194,790   

4.000%, 02/01/41

    4,245,975        4,549,051   

4.000%, 12/01/41

    1,638,864        1,755,846   

4.000%, 02/01/42

    1,873,964        2,007,871   

4.000%, 09/01/43

    2,825,183        3,019,509   

4.000%, 02/01/44

    3,915,159        4,184,552   

4.000%, 05/01/44

    3,239,405        3,462,301   

4.000%, 08/01/44

    4,265,659        4,559,169   

4.000%, 10/01/44

    2,721,862        2,909,147   

4.000%, 11/01/44

    6,102,622        6,522,530   

4.000%, 01/01/45

    4,583,182        4,898,540   

4.000%, 03/01/45

    3,978,566        4,253,742   

4.500%, 08/01/33

    272,835        298,164   

4.500%, 10/01/33

    303,277        331,432   

4.500%, 04/01/34

    125,914        137,492   

4.500%, 01/01/39

    162,077        176,315   

4.500%, 07/01/39

    1,973,959        2,147,662   

4.500%, 09/01/39

    2,949,230        3,208,754   

4.500%, 10/01/39

    1,352,407        1,471,416   

4.500%, 05/01/40

    1,737,901        1,895,336   

4.500%, 08/01/40

    2,992,548        3,263,640   

4.500%, 11/01/40

    1,544,795        1,684,737   

4.500%, 12/01/40

    2,573,301        2,806,413   

4.500%, 04/01/41

    6,312,416        6,885,161   

4.500%, 05/01/41

    1,518,062        1,655,801   

4.500%, 03/01/44

    2,660,023        2,894,824   

5.000%, 07/01/33

    196,401        218,190   

 

MSF-4


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
5.000%, 08/01/33

    549,923      $ 610,932   

5.000%, 09/01/33

    270,071        300,033   

5.000%, 10/01/33

    2,585,857        2,872,735   

5.000%, 03/01/34

    308,024        342,196   

5.000%, 04/01/34

    715,352        793,937   

5.000%, 05/01/34

    96,705        107,246   

5.000%, 09/01/34

    257,426        285,486   

5.000%, 02/01/35

    350,295        388,478   

5.000%, 04/01/35

    189,696        210,094   

5.000%, 05/01/35

    48,615        53,842   

5.000%, 11/01/35

    220,401        244,102   

5.000%, 03/01/36

    748,853        829,379   

5.000%, 07/01/37

    608,126        672,391   

5.000%, 01/01/39

    586,713        648,685   

5.000%, 04/01/40

    1,977,946        2,191,357   

5.000%, 07/01/41

    1,434,690        1,589,715   

5.500%, 10/01/32

    57,777        65,104   

5.500%, 02/01/33

    154,703        174,339   

5.500%, 03/01/33

    513,694        578,895   

5.500%, 05/01/33

    1,639,146        1,847,198   

5.500%, 08/01/33

    746,812        841,602   

5.500%, 10/01/33

    118,887        133,977   

5.500%, 12/01/33

    1,002,657        1,129,920   

5.500%, 02/01/34

    205,711        231,839   

5.500%, 03/01/34

    159,692        179,974   

5.500%, 04/01/34

    66,831        75,319   

5.500%, 06/01/34

    276,139        311,211   

5.500%, 09/01/34

    258,896        291,778   

5.500%, 12/01/34

    641,260        722,706   

5.500%, 01/01/35

    208,230        234,677   

5.500%, 02/01/35

    515,388        580,847   

5.500%, 04/01/35

    201,485        226,418   

5.500%, 06/01/35

    974,624        1,095,230   

5.500%, 01/01/37

    281,717        315,530   

5.500%, 05/01/37

    173,885        194,790   

5.500%, 05/01/38

    159,652        178,857   

5.500%, 06/01/38

    182,658        204,629   

5.500%, 07/01/38

    137,750        154,319   

6.000%, 08/01/28

    3,069        3,497   

6.000%, 11/01/28

    906        1,037   

6.000%, 12/01/28

    1,088        1,252   

6.000%, 06/01/31

    38,654        44,575   

6.000%, 09/01/32

    110,536        127,450   

6.000%, 01/01/33

    27,505        31,713   

6.000%, 02/01/33

    85,891        99,023   

6.000%, 03/01/33

    104,544        120,529   

6.000%, 04/01/33

    357,887        412,606   

6.000%, 05/01/33

    289,425        333,676   

6.000%, 05/01/34

    409,961        472,453   

6.000%, 09/01/34

    240,513        277,175   

6.000%, 11/01/34

    400,340        461,365   

6.000%, 01/01/35

    237,542        271,007   

6.000%, 07/01/36

    74,358        84,674   

6.000%, 09/01/36

    205,640        234,169   

6.000%, 07/01/37

    175,093        199,359   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
6.000%, 08/01/37

    289,103      329,169   

6.000%, 09/01/37

    696,365        792,872   

6.000%, 10/01/37

    260,060        296,102   

6.000%, 05/01/38

    808,146        920,146   

6.000%, 12/01/38

    204,096        232,430   

6.500%, 05/01/28

    55,678        65,036   

6.500%, 12/01/28

    210,337        240,562   

6.500%, 03/01/29

    4,195        4,798   

6.500%, 04/01/29

    31,146        35,734   

6.500%, 05/01/29

    5,399        6,175   

6.500%, 08/01/29

    871        996   

6.500%, 05/01/30

    31,037        35,497   

6.500%, 09/01/31

    6,228        7,269   

6.500%, 06/01/32

    31,684        36,977   

6.500%, 09/01/33

    17,121        19,581   

6.500%, 10/01/33

    107,452        122,892   

6.500%, 10/01/34

    313,173        366,317   

6.500%, 10/01/37

    128,620        147,490   

7.000%, 06/01/26

    727        796   

7.000%, 06/01/28

    7,455        7,451   

7.000%, 10/01/29

    10,758        12,729   

7.000%, 12/01/29

    3,633        3,740   

7.000%, 04/01/32

    16,711        18,109   

7.000%, 06/01/32

    57,928        66,288   

7.000%, 10/01/37

    217,470        247,723   

7.500%, 09/01/25

    4,816        5,587   

7.500%, 06/01/26

    5,522        6,608   

7.500%, 07/01/29

    12,900        15,736   

7.500%, 10/01/29

    7,257        7,751   

8.000%, 10/01/26

    92        92   

8.000%, 11/01/29

    171        192   

8.000%, 05/01/30

    17,513        18,219   

8.000%, 11/01/30

    3,578        4,146   

8.000%, 01/01/31

    3,684        4,166   

8.000%, 02/01/31

    6,707        8,134   

Fannie Mae ARM Pool
2.576%, 02/01/45 (a)

    1,180,025        1,214,375   

2.749%, 11/01/43 (a)

    1,828,166        1,918,662   

2.765%, 02/01/42 (a)

    2,232,314        2,342,853   

2.869%, 10/01/41 (a)

    343,577        361,225   

Fannie Mae-ACES
2.679%, 05/25/21 (a)

    5,000,000        5,178,200   

Freddie Mac 15 Yr. Gold Pool
2.500%, 12/01/27

    2,127,842        2,193,851   

2.500%, 02/01/28

    3,156,662        3,252,704   

2.500%, 04/01/28

    2,734,881        2,818,091   

2.500%, 12/01/29

    4,148,661        4,262,247   

2.500%, 01/01/31

    4,841,689        4,974,681   

3.000%, 03/01/27

    1,622,663        1,698,255   

3.000%, 05/01/27

    2,138,081        2,237,684   

3.000%, 11/01/28

    2,621,321        2,742,016   

3.000%, 12/01/29

    4,640,147        4,853,944   

3.500%, 12/01/25

    1,901,239        2,009,145   

3.500%, 05/01/26

    676,695        715,565   

3.500%, 09/01/30

    3,845,287        4,058,541   

 

MSF-5


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool
4.000%, 06/01/19

    131,767      $ 137,025   

4.000%, 05/01/25

    1,038,961        1,089,910   

4.000%, 08/01/25

    553,173        580,300   

4.000%, 10/01/25

    505,224        530,000   

4.500%, 09/01/18

    121,030        125,378   

4.500%, 10/01/18

    267,299        276,903   

4.500%, 04/01/19

    231,367        239,791   

4.500%, 06/01/19

    146,007        151,323   

4.500%, 08/01/19

    45,419        47,073   

5.000%, 05/01/18

    293,505        305,355   

5.000%, 12/01/18

    57,145        59,452   

5.000%, 06/01/19

    196,948        206,770   

5.500%, 11/01/17

    22,746        23,251   

5.500%, 01/01/24

    492,208        539,937   

6.000%, 04/01/16

    30        30   

6.000%, 05/01/17

    9,970        10,110   

Freddie Mac 20 Yr. Gold Pool
3.000%, 04/01/33

    3,302,509        3,423,921   

3.500%, 04/01/32

    2,963,115        3,130,946   

4.000%, 01/01/31

    1,065,649        1,152,772   

4.000%, 08/01/31

    1,080,951        1,169,324   

4.500%, 05/01/29

    290,012        315,143   

5.000%, 03/01/27

    145,320        159,511   

Freddie Mac 30 Yr. Gold Pool
2.500%, 07/01/43

    2,913,642        2,896,734   

3.000%, 10/01/42

    2,732,473        2,806,827   

3.000%, 01/01/43

    2,737,616        2,812,110   

3.000%, 03/01/43

    6,522,748        6,696,242   

3.000%, 04/01/43

    5,052,481        5,186,868   

3.000%, 06/01/43

    1,862,063        1,911,591   

3.000%, 07/01/43

    4,397,842        4,514,818   

3.000%, 06/01/45

    4,837,668        4,957,558   

3.000%, 01/01/46

    2,941,055        3,013,942   

3.500%, 01/01/42

    1,701,470        1,785,657   

3.500%, 03/01/42

    1,531,708        1,607,495   

3.500%, 08/01/42

    5,081,384        5,332,805   

3.500%, 02/01/43

    2,099,716        2,202,279   

3.500%, 05/01/43

    3,649,668        3,827,940   

3.500%, 06/01/43

    2,224,097        2,332,735   

3.500%, 06/01/44

    2,890,672        3,028,102   

3.500%, 10/01/44

    3,097,363        3,244,619   

3.500%, 11/01/44

    3,616,521        3,788,459   

3.500%, 12/01/44

    4,118,753        4,314,568   

3.500%, 05/01/45

    4,631,065        4,852,035   

3.500%, 08/01/45

    3,950,508        4,139,006   

3.500%, 11/01/45

    4,801,795        5,030,912   

3.500%, 12/01/45

    2,862,520        2,999,104   

3.500%, 02/01/46

    4,792,860        5,022,644   

3.500%, 03/01/46

    3,900,000        4,086,978   

4.000%, 06/01/39

    1,095,783        1,169,686   

4.000%, 12/01/39

    1,609,646        1,718,206   

4.000%, 11/01/40

    1,578,456        1,690,200   

4.000%, 04/01/41

    1,477,147        1,581,682   

4.000%, 09/01/41

    1,575,327        1,686,810   

4.000%, 10/01/41

    3,467,836        3,713,248   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool
4.000%, 11/01/41

    1,695,458      1,815,442   

4.000%, 10/01/43

    3,787,887        4,043,944   

4.000%, 07/01/44

    4,766,775        5,088,841   

4.000%, 10/01/44

    3,670,480        3,918,474   

4.000%, 07/01/45

    5,397,530        5,764,160   

4.000%, 02/01/46

    2,812,040        3,004,248   

4.500%, 10/01/35

    543,066        591,464   

4.500%, 06/01/38

    826,222        899,856   

4.500%, 02/01/39

    476,413        517,522   

4.500%, 03/01/39

    361,344        392,523   

4.500%, 04/01/39

    758,277        823,706   

4.500%, 09/01/39

    914,851        993,791   

4.500%, 10/01/39

    2,470,178        2,683,322   

4.500%, 11/01/39

    808,690        878,469   

4.500%, 01/01/40

    651,530        709,484   

4.500%, 05/01/40

    975,689        1,062,477   

4.500%, 11/01/40

    1,298,511        1,414,015   

4.500%, 02/01/41

    536,430        584,206   

4.500%, 05/01/41

    808,547        880,560   

4.500%, 06/01/41

    625,995        681,748   

4.500%, 12/01/43

    1,465,116        1,591,925   

5.000%, 10/01/33

    632,405        697,936   

5.000%, 03/01/34

    142,987        157,737   

5.000%, 08/01/35

    669,381        737,414   

5.000%, 09/01/35

    309,927        341,427   

5.000%, 10/01/35

    221,948        244,506   

5.000%, 01/01/36

    743,021        818,538   

5.000%, 04/01/38

    368,665        404,985   

5.000%, 11/01/39

    1,762,966        1,937,176   

5.000%, 05/01/40

    2,251,198        2,478,995   

5.500%, 06/01/34

    633,225        710,512   

5.500%, 10/01/35

    228,294        255,263   

5.500%, 12/01/35

    783,422        875,967   

5.500%, 01/01/36

    523,706        584,422   

5.500%, 12/01/37

    474,853        529,074   

5.500%, 04/01/38

    2,163,062        2,410,340   

5.500%, 07/01/38

    241,834        269,480   

5.500%, 08/01/38

    647,282        721,278   

6.000%, 11/01/28

    8,983        10,168   

6.000%, 12/01/28

    7,098        8,164   

6.000%, 04/01/29

    3,615        4,092   

6.000%, 05/01/29

    1,983        2,245   

6.000%, 06/01/31

    2,203        2,494   

6.000%, 07/01/31

    814        937   

6.000%, 09/01/31

    61,492        69,704   

6.000%, 04/01/32

    96,599        111,418   

6.000%, 11/01/32

    31,570        36,413   

6.000%, 06/01/34

    166,830        192,309   

6.000%, 11/01/35

    97,626        112,480   

6.000%, 02/01/36

    133,783        152,123   

6.000%, 08/01/36

    101,523        115,441   

6.000%, 10/01/36

    209,161        237,835   

6.000%, 11/01/36

    113,865        129,475   

6.000%, 01/01/37

    171,702        195,240   

6.000%, 02/01/38

    214,099        243,444   

 

MSF-6


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (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%, 11/01/39

    1,768,719      $ 2,011,125   

6.000%, 04/01/40

    549,964        625,344   

6.500%, 02/01/30

    5,475        6,232   

6.500%, 08/01/31

    10,335        11,985   

6.500%, 10/01/31

    7,284        8,292   

6.500%, 11/01/31

    21,938        25,439   

6.500%, 03/01/32

    359,783        417,192   

6.500%, 04/01/32

    319,588        370,582   

6.500%, 09/01/36

    476,515        545,493   

6.500%, 11/01/37

    211,159        241,674   

7.000%, 12/01/27

    1,433        1,675   

7.000%, 11/01/28

    3,696        4,402   

7.000%, 04/01/29

    4,093        4,835   

7.000%, 05/01/29

    695        775   

7.000%, 06/01/29

    6,036        6,260   

7.000%, 07/01/29

    2,027        2,310   

7.000%, 01/01/31

    102,400        109,348   

7.500%, 08/01/24

    12,173        12,344   

7.500%, 10/01/27

    11,070        12,782   

7.500%, 10/01/29

    15,055        18,521   

7.500%, 05/01/30

    12,215        14,021   

8.000%, 02/01/27

    3,601        4,271   

8.000%, 10/01/28

    7,052        8,437   

Ginnie Mae I 15 Yr. Pool
3.000%, 08/15/28

    3,401,252        3,563,768   

5.000%, 10/15/20

    170,134        179,733   

5.000%, 01/15/21

    138,657        146,788   

Ginnie Mae I 30 Yr. Pool
3.000%, 11/15/42

    3,223,399        3,349,851   

3.000%, 12/15/42

    2,356,676        2,449,127   

3.000%, 02/15/43

    2,082,093        2,161,089   

3.000%, 03/15/43

    2,675,529        2,777,041   

3.000%, 05/15/43

    3,530,970        3,664,939   

3.000%, 07/15/43

    2,261,149        2,346,940   

3.500%, 01/15/42

    3,221,123        3,417,560   

3.500%, 02/15/42

    1,185,258        1,255,395   

3.500%, 03/15/42

    2,233,200        2,365,348   

3.500%, 05/15/42

    1,627,576        1,723,887   

3.500%, 09/15/42

    1,934,604        2,049,083   

3.500%, 05/15/43

    2,347,069        2,483,424   

4.000%, 07/15/39

    2,463,693        2,648,099   

4.000%, 07/15/40

    1,387,606        1,493,938   

4.000%, 03/15/41

    1,260,104        1,353,664   

4.000%, 10/15/41

    2,301,115        2,471,967   

4.500%, 01/15/39

    373,177        407,663   

4.500%, 04/15/39

    1,066,247        1,164,781   

4.500%, 05/15/39

    2,517,674        2,750,341   

4.500%, 08/15/39

    1,140,155        1,245,520   

4.500%, 01/15/40

    1,037,354        1,136,781   

4.500%, 04/15/40

    1,247,109        1,366,640   

4.500%, 02/15/41

    510,538        557,866   

4.500%, 04/15/41

    658,645        719,703   

5.000%, 12/15/35

    390,376        437,542   

5.000%, 12/15/36

    143,589        158,365   

5.000%, 01/15/39

    1,254,432        1,393,118   

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool
5.000%, 02/15/39

    218,836      243,609   

5.000%, 08/15/39

    1,801,967        2,005,954   

5.000%, 09/15/39

    423,631        471,588   

5.000%, 12/15/39

    806,161        897,421   

5.000%, 05/15/40

    1,245,732        1,391,795   

5.500%, 03/15/36

    351,954        399,013   

5.500%, 01/15/37

    473,897        533,278   

5.500%, 11/15/37

    533,811        598,182   

5.500%, 09/15/38

    221,737        249,842   

5.500%, 08/15/39

    1,365,126        1,537,596   

6.000%, 01/15/29

    6,284        7,191   

6.000%, 01/15/33

    243,080        281,202   

6.000%, 03/15/35

    255,119        292,978   

6.000%, 12/15/35

    166,455        190,187   

6.000%, 06/15/36

    180,001        204,137   

6.000%, 09/15/36

    258,583        293,256   

6.000%, 07/15/38

    1,138,815        1,300,371   

6.500%, 05/15/23

    1,230        1,408   

6.500%, 02/15/27

    31,699        36,770   

6.500%, 07/15/28

    12,528        14,341   

6.500%, 08/15/28

    10,745        12,300   

6.500%, 11/15/28

    8,935        10,547   

6.500%, 12/15/28

    10,642        12,182   

6.500%, 07/15/29

    2,105        2,409   

6.500%, 05/15/36

    136,951        156,769   

7.000%, 01/15/28

    1,776        1,987   

7.000%, 04/15/28

    3,047        3,134   

7.000%, 05/15/28

    10,547        11,307   

7.000%, 06/15/28

    8,419        9,621   

7.000%, 10/15/28

    7,877        8,795   

7.000%, 06/15/29

    2,023        2,068   

7.000%, 09/15/29

    5,270        5,561   

7.000%, 01/15/31

    1,341        1,369   

7.000%, 03/15/31

    27,123        29,012   

7.000%, 07/15/31

    443,869        543,230   

7.000%, 08/15/31

    66,197        81,704   

7.000%, 02/15/32

    14,250        14,625   

7.000%, 07/15/32

    24,821        27,584   

7.500%, 08/15/29

    90        90   

7.500%, 04/15/30

    8,303        8,459   

8.000%, 08/15/26

    3,359        3,868   

8.000%, 09/15/26

    3,570        3,980   

8.000%, 05/15/27

    1,345        1,373   

8.000%, 06/15/29

    22,728        24,356   

9.000%, 11/15/24

    7,829        8,727   

Ginnie Mae II 30 Yr. Pool
3.000%, 12/20/42

    2,980,175        3,104,315   

3.000%, 03/20/43

    3,969,685        4,127,710   

3.000%, 12/20/44

    4,139,819        4,295,349   

3.000%, 04/20/45

    3,666,109        3,803,550   

3.000%, 08/20/45

    4,845,593        5,027,252   

3.000%, 11/20/45

    2,901,011        3,009,768   

3.000%, 01/20/46

    4,892,343        5,075,755   

3.500%, 12/20/41

    1,964,809        2,087,198   

3.500%, 03/20/42

    3,937,104        4,180,087   

 

MSF-7


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool
3.500%, 08/20/42

    1,891,710      $ 2,008,459   

3.500%, 01/20/43

    5,480,560        5,811,824   

3.500%, 04/20/43

    2,132,488        2,259,396   

3.500%, 05/20/43

    3,734,432        3,956,674   

3.500%, 07/20/44

    5,316,318        5,626,731   

3.500%, 02/20/45

    6,129,039        6,487,061   

3.500%, 06/20/45

    3,656,684        3,870,286   

3.500%, 08/20/45

    8,227,162        8,707,744   

3.500%, 09/20/45

    4,636,650        4,907,496   

3.500%, 12/20/45

    4,683,845        4,957,448   

3.500%, 01/20/46

    4,709,016        4,984,089   

4.000%, 11/20/40

    1,964,126        2,114,640   

4.000%, 12/20/40

    1,979,560        2,131,257   

4.000%, 05/20/43

    2,747,071        2,941,436   

4.000%, 11/20/43

    1,548,112        1,657,647   

4.000%, 02/20/44

    4,092,861        4,377,058   

4.000%, 04/20/44

    2,115,159        2,262,029   

4.000%, 05/20/44

    2,609,410        2,790,600   

4.000%, 09/20/44

    4,119,728        4,405,790   

4.000%, 10/20/44

    5,997,960        6,414,442   

4.000%, 11/20/44

    1,189,153        1,271,725   

4.000%, 11/20/45

    2,735,654        2,927,261   

4.500%, 08/20/40

    1,757,704        1,919,859   

4.500%, 12/20/40

    1,058,757        1,156,432   

4.500%, 04/20/41

    981,180        1,066,832   

4.500%, 03/20/42

    734,356        798,462   

4.500%, 10/20/43

    1,293,395        1,391,307   

4.500%, 02/20/44

    2,436,656        2,621,115   

4.500%, 04/20/45

    2,693,457        2,897,356   

5.000%, 08/20/40

    781,344        863,596   

5.000%, 10/20/40

    750,246        829,224   

5.000%, 06/20/44

    1,987,957        2,197,228   

6.500%, 06/20/31

    27,290        32,669   

6.500%, 11/20/38

    639,935        737,811   

7.500%, 02/20/28

    3,233        3,928   
   

 

 

 
      745,969,887   
   

 

 

 

Federal Agencies—3.1%

   

Federal Home Loan Bank
1.750%, 06/12/20

    17,700,000        18,033,925   

4.875%, 05/17/17

    4,420,000        4,622,398   

Federal Home Loan Mortgage Corp.
0.875%, 03/07/18

    17,000,000        17,033,264   

1.250%, 10/02/19

    3,000,000        3,022,516   

1.375%, 05/01/20

    5,145,000        5,183,289   

5.125%, 11/17/17

    3,530,000        3,776,909   

Federal National Mortgage Association
0.875%, 05/21/18

    10,160,000        10,176,165   

4.875%, 12/15/16

    4,430,000        4,566,426   

5.375%, 06/12/17

    8,300,000        8,751,744   

6.625%, 11/15/30

    2,450,000        3,649,488   

Tennessee Valley Authority
5.250%, 09/15/39

    3,350,000        4,279,589   
   

 

 

 
      83,095,713   
   

 

 

 

U.S. Treasury—36.4%

   

U.S. Treasury Bonds
2.500%, 02/15/45

    9,900,000      9,656,064   

2.500%, 02/15/46

    5,700,000        5,559,039   

2.750%, 08/15/42

    2,020,000        2,086,337   

2.875%, 05/15/43

    4,760,000        5,018,135   

2.875%, 08/15/45

    5,000,000        5,261,650   

3.000%, 11/15/44

    11,000,000        11,873,619   

3.000%, 11/15/45

    7,700,000        8,316,539   

3.125%, 02/15/42

    1,800,000        2,002,320   

3.125%, 02/15/43

    3,270,000        3,623,422   

3.125%, 08/15/44

    4,700,000        5,202,241   

3.375%, 05/15/44

    3,000,000        3,479,370   

3.500%, 02/15/39

    2,080,000        2,476,011   

3.625%, 02/15/44

    10,120,000        12,282,948   

3.750%, 08/15/41

    1,830,000        2,256,482   

3.875%, 08/15/40

    10,380,000        13,015,689   

4.250%, 11/15/40 (b)

    7,280,000        9,640,903   

4.375%, 11/15/39

    3,900,000        5,249,751   

4.375%, 05/15/40

    5,220,000        7,026,538   

4.375%, 05/15/41

    5,850,000        7,900,600   

4.500%, 05/15/38

    4,950,000        6,804,666   

5.000%, 05/15/37

    6,560,000        9,600,560   

5.250%, 02/15/29

    750,000        1,030,132   

5.375%, 02/15/31

    6,675,000        9,570,214   

6.125%, 11/15/27

    5,750,000        8,290,522   

6.250%, 08/15/23

    7,700,000        10,218,671   

6.375%, 08/15/27

    6,900,000        10,082,073   

6.500%, 11/15/26

    4,500,000        6,532,920   

7.125%, 02/15/23

    11,125,000        15,212,658   

7.250%, 08/15/22

    6,120,000        8,280,605   

7.875%, 02/15/21

    4,450,000        5,840,580   

8.000%, 11/15/21

    2,920,000        3,972,251   

8.125%, 08/15/19

    2,645,000        3,271,971   

8.125%, 08/15/21

    1,250,000        1,689,950   

8.500%, 02/15/20

    6,700,000        8,595,430   

8.750%, 08/15/20

    1,000,000        1,321,720   

8.875%, 02/15/19

    10,215,000        12,540,445   

9.125%, 05/15/18

    1,600,000        1,882,032   

U.S. Treasury Notes
0.625%, 05/31/17 (b)

    5,000,000        4,996,950   

0.625%, 08/31/17

    21,700,000        21,673,959   

0.625%, 04/30/18

    5,000,000        4,985,600   

0.750%, 01/31/18

    12,000,000        12,003,360   

0.750%, 02/28/18 (b)

    40,500,000        40,508,911   

0.875%, 05/15/17

    10,000,000        10,024,200   

0.875%, 11/30/17

    12,000,000        12,029,280   

1.000%, 12/31/17

    11,000,000        11,051,480   

1.000%, 08/15/18

    28,000,000        28,132,720   

1.125%, 05/31/19

    12,300,000        12,383,148   

1.125%, 03/31/20

    5,100,000        5,109,588   

1.125%, 02/28/21 (b)

    5,000,000        4,980,500   

1.250%, 10/31/19

    5,130,000        5,174,836   

1.250%, 01/31/20

    15,000,000        15,105,149   

1.250%, 02/29/20

    25,800,000        25,972,604   

1.375%, 09/30/18 (b)

    47,890,000        48,573,866   

1.375%, 11/30/18

    15,000,000        15,220,350   

 

MSF-8


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
1.375%, 01/31/20

    27,100,000      $ 27,418,157   

1.500%, 03/31/19 (b)

    31,870,000        32,461,829   

1.500%, 02/28/23

    4,000,000        3,989,440   

1.625%, 11/30/20

    5,000,000        5,100,500   

1.625%, 11/15/22

    5,000,000        5,038,050   

1.750%, 10/31/20

    10,000,000        10,248,200   

1.750%, 12/31/20

    14,800,000        15,164,967   

1.750%, 05/15/22

    4,900,000        4,984,378   

1.750%, 05/15/23

    17,520,000        17,763,003   

1.875%, 09/30/17

    15,900,000        16,175,707   

2.000%, 11/30/20

    14,800,000        15,335,020   

2.000%, 02/28/21

    5,000,000        5,182,200   

2.000%, 10/31/21

    6,000,000        6,203,400   

2.000%, 02/15/22

    3,800,000        3,930,568   

2.000%, 02/15/23

    6,900,000        7,110,795   

2.000%, 02/15/25

    5,000,000        5,107,401   

2.000%, 08/15/25

    5,000,000        5,096,400   

2.125%, 08/31/20

    5,800,000        6,039,366   

2.125%, 06/30/21

    12,000,000        12,508,080   

2.125%, 08/15/21

    8,710,000        9,073,207   

2.125%, 05/15/25

    7,100,000        7,319,675   

2.250%, 07/31/21

    19,000,000        19,929,100   

2.250%, 11/15/24

    7,800,000        8,134,465   

2.250%, 11/15/25

    6,800,000        7,077,712   

2.375%, 05/31/18

    31,000,000        32,065,469   

2.375%, 12/31/20

    7,600,000        8,007,056   

2.375%, 08/15/24

    16,800,000        17,694,599   

2.500%, 08/15/23 (b)

    14,400,000        15,346,368   

2.500%, 05/15/24

    7,000,000        7,444,360   

2.625%, 08/15/20 (b)

    6,000,000        6,377,100   

2.750%, 05/31/17

    9,840,000        10,077,538   

2.750%, 11/15/23 (b)

    9,835,000        10,654,452   

2.750%, 02/15/24

    5,600,000        6,064,128   

3.125%, 05/15/19

    3,000,000        3,207,540   

3.375%, 11/15/19

    4,350,000        4,718,184   

3.500%, 02/15/18

    4,000,000        4,206,360   

3.500%, 05/15/20

    7,790,000        8,534,958   

3.625%, 02/15/20

    17,190,000        18,875,135   

3.750%, 11/15/18

    4,550,000        4,900,441   

3.875%, 05/15/18

    4,700,000        5,015,088   

4.000%, 08/15/18

    9,620,000        10,371,611   

4.250%, 11/15/17

    4,700,000        4,965,785   
   

 

 

 
      959,509,351   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $1,707,178,631)

      1,788,574,951   
   

 

 

 
Corporate Bonds & Notes—26.7%   

Aerospace/Defense—0.4%

   

Boeing Co. (The)
7.250%, 06/15/25

    460,000        612,677   

Lockheed Martin Corp.
4.700%, 05/15/46

    3,000,000        3,340,057   

6.150%, 09/01/36

    1,700,000        2,151,367   

Aerospace/Defense—(Continued)

  

Northrop Grumman Systems Corp.
7.750%, 02/15/31

    515,000      750,851   

Raytheon Co.
3.125%, 10/15/20

    1,000,000        1,061,676   

United Technologies Corp.
4.500%, 06/01/42

    2,645,000        2,862,666   

7.500%, 09/15/29

    200,000        282,499   
   

 

 

 
      11,061,793   
   

 

 

 

Agriculture—0.3%

   

Altria Group, Inc.
9.700%, 11/10/18

    750,000        899,467   

Archer-Daniels-Midland Co.
4.479%, 03/01/21

    2,000,000        2,220,444   

Philip Morris International, Inc.
3.250%, 11/10/24 (b)

    3,000,000        3,208,309   

4.500%, 03/26/20

    925,000        1,024,148   
   

 

 

 
      7,352,368   
   

 

 

 

Auto Manufacturers—0.6%

   

Daimler Finance North America LLC
8.500%, 01/18/31

    1,050,000        1,599,262   

Ford Motor Co.
7.450%, 07/16/31

    2,200,000        2,844,803   

Ford Motor Credit Co. LLC
2.597%, 11/04/19

    3,000,000        3,008,298   

General Motors Financial Co., Inc.
2.625%, 07/10/17

    4,000,000        4,011,741   

Toyota Motor Credit Corp.
3.300%, 01/12/22

    4,000,000        4,269,605   
   

 

 

 
      15,733,709   
   

 

 

 

Banks—5.7%

   

Bank of America Corp.
3.300%, 01/11/23

    4,075,000        4,110,929   

4.100%, 07/24/23

    2,905,000        3,057,909   

4.200%, 08/26/24

    3,000,000        3,045,799   

5.875%, 02/07/42

    3,000,000        3,621,055   

6.500%, 07/15/18

    200,000        219,471   

Bank of New York Mellon Corp. (The)
5.450%, 05/15/19

    2,000,000        2,218,978   

Bank of Nova Scotia (The)
2.050%, 10/30/18

    3,480,000        3,507,233   

Barclays Bank plc
5.000%, 09/22/16

    1,750,000        1,782,776   

BNP Paribas S.A.
5.000%, 01/15/21

    3,225,000        3,601,008   

Branch Banking & Trust Co.
2.850%, 04/01/21

    3,400,000        3,501,375   

Capital One Financial Corp.
6.750%, 09/15/17

    1,200,000        1,282,460   

Citigroup, Inc.
5.375%, 08/09/20

    2,200,000        2,453,930   

5.850%, 08/02/16

    500,000        507,854   

6.125%, 11/21/17

    1,700,000        1,817,073   

6.125%, 05/15/18

    1,900,000        2,060,417   

 

MSF-9


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Cooperatieve Rabobank U.A.
5.250%, 05/24/41

    3,640,000      $ 4,305,536   

Credit Suisse
4.375%, 08/05/20

    2,611,000        2,799,379   

Credit Suisse Group Funding Guernsey, Ltd.
3.800%, 09/15/22

    3,000,000        2,990,275   

Deutsche Bank AG
6.000%, 09/01/17 (b)

    1,500,000        1,576,063   

Fifth Third Bancorp
8.250%, 03/01/38

    1,175,000        1,687,964   

Goldman Sachs Group, Inc. (The)
6.000%, 06/15/20

    2,000,000        2,272,830   

6.125%, 02/15/33

    2,075,000        2,495,232   

6.250%, 09/01/17

    760,000        808,537   

6.450%, 05/01/36

    2,000,000        2,292,837   

6.750%, 10/01/37

    3,500,000        4,141,502   

HSBC Holdings plc
5.100%, 04/05/21

    2,556,000        2,815,635   

6.500%, 09/15/37

    905,000        1,054,709   

HSBC USA, Inc.
2.350%, 03/05/20

    3,000,000        2,971,370   

JPMorgan Chase & Co.
1.700%, 03/01/18

    2,000,000        2,006,544   

3.250%, 09/23/22

    2,850,000        2,924,302   

4.950%, 03/25/20

    2,650,000        2,920,403   

6.300%, 04/23/19

    1,900,000        2,143,468   

JPMorgan Chase Bank N.A.
6.000%, 10/01/17

    2,700,000        2,867,567   

KFW
1.000%, 06/11/18 (b)

    3,536,000        3,535,539   

1.250%, 02/15/17 (b)

    3,000,000        3,011,676   

2.375%, 08/25/21

    1,945,000        2,024,981   

2.750%, 09/08/20

    2,300,000        2,432,163   

4.875%, 01/17/17

    2,900,000        2,992,991   

Lloyds Bank plc
6.375%, 01/21/21

    1,500,000        1,759,590   

Morgan Stanley
4.350%, 09/08/26

    3,800,000        3,901,378   

5.625%, 09/23/19

    1,900,000        2,110,948   

7.250%, 04/01/32

    1,850,000        2,499,945   

7.300%, 05/13/19

    2,460,000        2,834,576   

Oesterreichische Kontrollbank AG
1.625%, 03/12/19 (b)

    3,025,000        3,063,341   

PNC Bank N.A.
2.950%, 02/23/25

    4,100,000        4,120,911   

4.875%, 09/21/17

    1,000,000        1,044,647   

5.250%, 01/15/17 (b)

    1,600,000        1,650,154   

Royal Bank of Canada
2.150%, 03/15/19 (b)

    3,915,000        3,958,137   

Sumitomo Mitsui Banking Corp.
1.950%, 07/23/18

    4,000,000        4,008,214   

Toronto-Dominion Bank (The)
2.250%, 11/05/19

    4,000,000        4,054,578   

U.S. Bancorp
3.600%, 09/11/24

    3,000,000        3,124,578   

Banks—(Continued)

  

UBS AG
4.875%, 08/04/20

    3,500,000      3,869,204   

Wachovia Corp.
5.750%, 06/15/17

    700,000        736,359   

Wells Fargo & Co.
2.600%, 07/22/20

    4,000,000        4,089,059   

3.000%, 01/22/21

    3,400,000        3,514,439   

Wells Fargo Bank N.A.
5.950%, 08/26/36

    1,900,000        2,334,684   

Westpac Banking Corp.
1.950%, 11/23/18 (b)

    3,000,000        3,010,898   
   

 

 

 
      151,545,410   
   

 

 

 

Beverages—0.9%

   

Anheuser-Busch Cos. LLC
6.450%, 09/01/37 (b)

    880,000        1,112,837   

Anheuser-Busch InBev Finance, Inc.
1.250%, 01/17/18

    3,500,000        3,510,013   

4.900%, 02/01/46

    7,800,000        8,743,640   

Coca-Cola Co. (The)
3.150%, 11/15/20

    280,000        300,075   

3.200%, 11/01/23 (b)

    3,000,000        3,211,922   

Pepsi Bottling Group, Inc. (The)
7.000%, 03/01/29

    300,000        414,652   

PepsiCo, Inc.
3.600%, 03/01/24

    3,975,000        4,346,883   

5.000%, 06/01/18

    1,000,000        1,082,848   
   

 

 

 
      22,722,870   
   

 

 

 

Biotechnology—0.4%

   

Amgen, Inc.
5.700%, 02/01/19 (b)

    850,000        947,002   

6.150%, 06/01/18 (b)

    1,650,000        1,811,496   

Celgene Corp.
4.625%, 05/15/44

    4,000,000        4,059,294   

Gilead Sciences, Inc.
3.650%, 03/01/26

    3,000,000        3,187,478   
   

 

 

 
      10,005,270   
   

 

 

 

Chemicals—0.4%

   

Dow Chemical Co. (The)
4.250%, 11/15/20

    2,750,000        2,976,991   

9.400%, 05/15/39

    650,000        972,515   

E. I. du Pont de Nemours & Co.
5.600%, 12/15/36 (b)

    1,000,000        1,116,800   

6.000%, 07/15/18

    1,000,000        1,099,940   

Potash Corp. of Saskatchewan, Inc.
4.875%, 03/30/20 (b)

    970,000        1,047,257   

Praxair, Inc.
3.000%, 09/01/21 (b)

    3,950,000        4,139,975   
   

 

 

 
      11,353,478   
   

 

 

 

Computers—0.5%

   

Apple, Inc.
2.250%, 02/23/21

    3,000,000        3,052,637   

 

MSF-10


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Computers—(Continued)

  

Apple, Inc.
2.400%, 05/03/23

    2,072,000      $ 2,080,870   

4.450%, 05/06/44

    2,944,000        3,119,902   

International Business Machines Corp.
4.000%, 06/20/42 (b)

    3,200,000        3,257,334   

8.375%, 11/01/19

    425,000        522,945   
   

 

 

 
      12,033,688   
   

 

 

 

Cosmetics/Personal Care—0.1%

  

 

Procter & Gamble Co. (The)
2.300%, 02/06/22 (b)

    3,600,000        3,708,149   

6.450%, 01/15/26 (b)

    200,000        264,452   
   

 

 

 
      3,972,601   
   

 

 

 

Diversified Financial Services—0.8%

  

Air Lease Corp.
2.625%, 09/04/18

    4,000,000        3,952,359   

American Express Co.
7.000%, 03/19/18

    3,000,000        3,291,602   

Associates Corp. of North America
6.950%, 11/01/18

    1,700,000        1,906,759   

BlackRock, Inc.
3.500%, 03/18/24 (b)

    3,800,000        3,979,272   

National Rural Utilities Cooperative Finance Corp.
10.375%, 11/01/18

    2,900,000        3,538,222   

Nomura Holdings, Inc.
6.700%, 03/04/20 (b)

    1,325,000        1,526,057   

Visa, Inc.
2.800%, 12/14/22

    3,000,000        3,124,459   
   

 

 

 
      21,318,730   
   

 

 

 

Electric—1.7%

   

CenterPoint Energy Houston Electric LLC
4.500%, 04/01/44

    3,800,000        4,175,645   

Consolidated Edison Co. of New York, Inc.
3.950%, 03/01/43

    3,070,000        3,049,932   

5.850%, 04/01/18 (b)

    855,000        924,864   

Dominion Resources, Inc.
6.400%, 06/15/18

    1,750,000        1,911,749   

Duke Energy Carolinas LLC
5.300%, 02/15/40

    2,000,000        2,464,335   

Duke Energy Corp.
3.050%, 08/15/22

    4,000,000        4,020,713   

Exelon Corp.
5.625%, 06/15/35

    1,500,000        1,682,250   

Florida Power & Light Co.
5.950%, 02/01/38

    1,700,000        2,226,844   

Georgia Power Co.
5.700%, 06/01/17 (b)

    1,400,000        1,468,750   

Nisource Finance Corp.
4.800%, 02/15/44

    4,000,000        4,279,447   

Northern States Power Co.
6.250%, 06/01/36

    2,200,000        2,913,441   

Electric—(Continued)

  

Ohio Power Co.
5.375%, 10/01/21

    1,640,000      1,862,209   

Oncor Electric Delivery Co. LLC
7.000%, 05/01/32

    950,000        1,235,119   

Pacific Gas & Electric Co.
5.400%, 01/15/40

    3,320,000        3,965,882   

PacifiCorp
2.950%, 02/01/22

    2,800,000        2,893,819   

PPL Capital Funding, Inc.
3.400%, 06/01/23 (b)

    4,000,000        4,078,189   

PSEG Power LLC
8.625%, 04/15/31

    1,000,000        1,171,823   
   

 

 

 
      44,325,011   
   

 

 

 

Electrical Components & Equipment—0.1%

  

Emerson Electric Co.
4.875%, 10/15/19

    1,800,000        1,985,961   
   

 

 

 

Electronics—0.2%

   

Honeywell International, Inc.
5.000%, 02/15/19

    2,000,000        2,207,000   

Koninklijke Philips NV
5.750%, 03/11/18

    900,000        961,573   

Tyco Electronics Group S.A.
6.550%, 10/01/17

    1,600,000        1,714,737   
   

 

 

 
      4,883,310   
   

 

 

 

Environmental Control—0.1%

   

Waste Management, Inc.
7.000%, 07/15/28

    1,265,000        1,698,910   
   

 

 

 

Food—0.5%

   

ConAgra Foods, Inc.
5.819%, 06/15/17 (b)

    1,000,000        1,049,676   

General Mills, Inc.
5.650%, 02/15/19 (b)

    1,700,000        1,889,163   

Kroger Co. (The)
3.300%, 01/15/21 (b)

    3,900,000        4,116,332   

Mondelez International, Inc.
5.375%, 02/10/20

    1,800,000        2,016,840   

Sysco Corp.
2.600%, 06/12/22

    2,400,000        2,401,735   

Unilever Capital Corp.
5.900%, 11/15/32

    1,500,000        1,970,843   
   

 

 

 
      13,444,589   
   

 

 

 

Forest Products & Paper—0.1%

   

Georgia-Pacific LLC
8.000%, 01/15/24

    1,800,000        2,335,914   
   

 

 

 

Gas—0.0%

   

Sempra Energy
6.150%, 06/15/18

    900,000        972,277   
   

 

 

 

 

MSF-11


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Products—0.5%

   

Abbott Laboratories
5.125%, 04/01/19

    1,073,000      $ 1,184,502   

Becton Dickinson & Co.
4.685%, 12/15/44

    3,500,000        3,772,694   

Medtronic, Inc.
4.000%, 04/01/43

    3,900,000        3,970,492   

Thermo Fisher Scientific, Inc.
4.150%, 02/01/24

    3,445,000        3,631,987   
   

 

 

 
      12,559,675   
   

 

 

 

Healthcare-Services—0.4%

   

Aetna, Inc.
2.750%, 11/15/22

    3,000,000        2,980,713   

Anthem, Inc.
5.850%, 01/15/36 (b)

    1,800,000        2,037,073   

Cigna Corp.
5.375%, 02/15/42

    3,000,000        3,340,983   

Laboratory Corp. of America Holdings
4.625%, 11/15/20 (b)

    1,900,000        2,053,404   
   

 

 

 
      10,412,173   
   

 

 

 

Household Products/Wares—0.0%

   

Kimberly-Clark Corp.
6.125%, 08/01/17 (b)

    500,000        533,928   
   

 

 

 

Insurance—1.0%

   

Aflac, Inc.
3.625%, 06/15/23

    2,975,000        3,078,186   

Allstate Corp. (The)
6.900%, 05/15/38

    150,000        205,946   

7.450%, 05/16/19 (b)

    1,700,000        1,989,664   

American International Group, Inc.
3.300%, 03/01/21

    3,000,000        3,066,399   

5.850%, 01/16/18 (b)

    1,800,000        1,926,638   

AXA S.A.
8.600%, 12/15/30

    1,165,000        1,514,500   

Berkshire Hathaway, Inc.
1.900%, 01/31/17

    2,900,000        2,925,856   

Chubb Corp. (The)
6.000%, 05/11/37 (b)

    865,000        1,112,905   

Chubb INA Holdings, Inc.
3.350%, 05/15/24

    4,000,000        4,148,733   

Hartford Financial Services Group, Inc. (The)
6.100%, 10/01/41

    780,000        914,157   

Marsh & McLennan Cos., Inc.
3.750%, 03/14/26

    4,000,000        4,095,068   

Prudential Financial, Inc.
5.700%, 12/14/36

    1,525,000        1,712,294   
   

 

 

 
      26,690,346   
   

 

 

 

Internet—0.2%

   

Amazon.com, Inc.
3.800%, 12/05/24

    3,800,000        4,156,973   
   

 

 

 

Iron/Steel—0.0%

   

Vale Overseas, Ltd.
6.875%, 11/21/36 (b)

    1,100,000      864,875   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

Caterpillar, Inc.
7.900%, 12/15/18

    1,757,000        2,049,478   
   

 

 

 

Machinery-Diversified—0.1%

   

Deere & Co.
2.600%, 06/08/22

    1,950,000        1,983,704   
   

 

 

 

Media—0.9%

   

21st Century Fox America, Inc.
6.550%, 03/15/33

    1,950,000        2,340,229   

Comcast Corp.
4.650%, 07/15/42

    3,670,000        4,074,702   

5.650%, 06/15/35

    1,500,000        1,834,005   

Discovery Communications LLC
6.350%, 06/01/40

    1,800,000        1,853,980   

Historic TW, Inc.
6.875%, 06/15/18

    1,800,000        1,997,080   

Thomson Reuters Corp.
6.500%, 07/15/18

    800,000        879,395   

Time Warner Cable, Inc.
5.000%, 02/01/20

    1,900,000        2,057,557   

5.850%, 05/01/17

    1,800,000        1,874,097   

6.550%, 05/01/37

    100,000        110,214   

Time Warner Entertainment Co. L.P.
8.375%, 03/15/23

    380,000        488,492   

Time Warner, Inc.
6.100%, 07/15/40

    925,000        1,044,517   

7.700%, 05/01/32

    685,000        866,570   

Viacom, Inc.
4.375%, 03/15/43

    3,500,000        2,740,686   

6.250%, 04/30/16

    308,000        309,173   

Walt Disney Co. (The)
2.750%, 08/16/21

    1,930,000        2,026,858   
   

 

 

 
      24,497,555   
   

 

 

 

Mining—0.3%

  

Barrick North America Finance LLC
4.400%, 05/30/21

    3,125,000        3,181,635   

Newmont Mining Corp.
6.250%, 10/01/39 (b)

    1,800,000        1,797,780   

Rio Tinto Alcan, Inc.
6.125%, 12/15/33

    1,751,000        1,831,094   
   

 

 

 
      6,810,509   
   

 

 

 

Miscellaneous Manufacturing—0.7%

  

General Electric Co.
3.375%, 03/11/24 (b)

    2,900,000        3,128,659   

5.250%, 12/06/17

    1,800,000        1,929,079   

5.300%, 02/11/21

    1,915,000        2,220,076   

5.400%, 02/15/17

    2,000,000        2,079,356   

5.500%, 01/08/20

    3,360,000        3,843,117   

 

MSF-12


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Miscellaneous Manufacturing—(Continued)

  

General Electric Co.
5.875%, 01/14/38

    2,050,000      $ 2,679,882   

6.750%, 03/15/32

    1,250,000        1,719,164   

7.500%, 08/21/35

    100,000        143,849   

Ingersoll-Rand Luxembourg Finance S.A.
2.625%, 05/01/20

    1,200,000        1,203,085   
   

 

 

 
      18,946,267   
   

 

 

 

Multi-National—1.5%

  

Asian Development Bank
1.625%, 08/26/20

    4,000,000        4,046,578   

European Bank for Reconstruction & Development
1.000%, 06/15/18 (b)

    3,564,000        3,566,621   

European Investment Bank
1.625%, 06/15/17

    1,975,000        1,994,420   

2.500%, 10/15/24

    3,800,000        3,968,085   

4.000%, 02/16/21

    1,700,000        1,898,959   

4.875%, 02/15/36

    3,700,000        4,853,448   

5.125%, 05/30/17

    1,750,000        1,836,535   

Inter-American Development Bank
2.125%, 01/15/25

    3,900,000        3,953,253   

2.375%, 08/15/17

    2,000,000        2,042,386   

6.800%, 10/15/25

    500,000        687,286   

7.000%, 06/15/25

    200,000        272,636   

International Bank for Reconstruction & Development
2.125%, 03/03/25 (b)

    3,000,000        3,044,012   

7.625%, 01/19/23

    2,970,000        4,089,848   

8.875%, 03/01/26

    535,000        833,264   

International Finance Corp.
1.750%, 09/04/18

    2,975,000        3,033,131   
   

 

 

 
      40,120,462   
   

 

 

 

Office/Business Equipment—0.1%

  

Xerox Corp.
6.350%, 05/15/18 (b)

    2,550,000        2,696,625   
   

 

 

 

Oil & Gas—1.5%

  

Anadarko Petroleum Corp.
6.375%, 09/15/17

    2,445,000        2,555,025   

Apache Finance Canada Corp.
7.750%, 12/15/29

    300,000        379,939   

BP Capital Markets plc
3.245%, 05/06/22

    3,900,000        3,984,067   

Canadian Natural Resources, Ltd.
6.250%, 03/15/38

    1,800,000        1,643,850   

Chevron Corp.
3.191%, 06/24/23 (b)

    3,025,000        3,112,303   

ConocoPhillips Canada Funding Co. I
5.950%, 10/15/36

    1,550,000        1,581,379   

ConocoPhillips Holding Co.
6.950%, 04/15/29

    700,000        780,813   

Devon Energy Corp.
6.300%, 01/15/19 (b)

    850,000        850,000   

Oil & Gas—(Continued)

  

Hess Corp.
8.125%, 02/15/19

    1,630,000      1,772,625   

Marathon Oil Corp.
6.600%, 10/01/37

    2,000,000        1,590,000   

Noble Energy, Inc.
3.900%, 11/15/24 (b)

    4,200,000        3,954,200   

Petroleos Mexicanos
6.625%, 06/15/35 (b)

    3,400,000        3,286,807   

Shell International Finance B.V.
4.300%, 09/22/19 (b)

    1,000,000        1,083,295   

4.375%, 05/11/45

    1,900,000        1,904,567   

Statoil ASA
3.250%, 11/10/24 (b)

    3,100,000        3,126,888   

6.700%, 01/15/18

    300,000        326,653   

Suncor Energy, Inc.
6.100%, 06/01/18

    2,500,000        2,656,497   

Total Capital International S.A.
2.700%, 01/25/23 (b)

    3,000,000        2,984,392   

XTO Energy, Inc.
6.500%, 12/15/18

    1,600,000        1,811,821   
   

 

 

 
      39,385,121   
   

 

 

 

Oil & Gas Services—0.2%

  

Halliburton Co.
3.500%, 08/01/23 (b)

    4,000,000        4,003,984   
   

 

 

 

Pharmaceuticals—1.1%

  

AbbVie, Inc.
4.400%, 11/06/42

    3,200,000        3,235,011   

Actavis Funding SCS
2.350%, 03/12/18

    3,900,000        3,945,460   

AstraZeneca plc
4.000%, 09/18/42

    1,200,000        1,207,793   

Express Scripts Holding Co.
6.125%, 11/15/41 (b)

    1,520,000        1,692,244   

GlaxoSmithKline Capital, Inc.
6.375%, 05/15/38

    2,100,000        2,823,789   

Johnson & Johnson
5.950%, 08/15/37 (b)

    910,000        1,241,815   

6.950%, 09/01/29

    250,000        364,173   

Merck & Co., Inc.
2.400%, 09/15/22 (b)

    4,000,000        4,079,595   

6.550%, 09/15/37

    1,000,000        1,354,347   

Merck Sharp & Dohme Corp.
5.950%, 12/01/28 (b)

    300,000        385,928   

Novartis Capital Corp.
4.400%, 04/24/20

    900,000        996,628   

Sanofi
4.000%, 03/29/21 (b)

    2,775,000        3,043,510   

Wyeth LLC
5.950%, 04/01/37

    3,300,000        4,202,920   
   

 

 

 
      28,573,213   
   

 

 

 

Pipelines—0.8%

  

El Paso Natural Gas Co. LLC
8.375%, 06/15/32

    220,000        236,548   

 

MSF-13


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pipelines—(Continued)

  

Enbridge Energy Partners L.P.
5.875%, 10/15/25 (b)

    3,000,000      $ 2,965,687   

Energy Transfer Partners L.P.
4.650%, 06/01/21

    1,950,000        1,872,000   

5.150%, 03/15/45

    2,600,000        2,043,707   

Enterprise Products Operating LLC
6.300%, 09/15/17

    1,900,000        2,011,294   

Kinder Morgan Energy Partners L.P.
6.500%, 02/01/37

    2,000,000        1,878,471   

Plains All American Pipeline L.P. / PAA Finance Corp.
6.500%, 05/01/18

    2,485,000        2,559,550   

Tennessee Gas Pipeline Co. LLC
7.000%, 10/15/28

    1,050,000        1,095,979   

7.625%, 04/01/37

    640,000        664,973   

TransCanada PipeLines, Ltd.
6.200%, 10/15/37

    1,800,000        1,908,448   

Williams Partners L.P.
5.250%, 03/15/20 (b)

    3,575,000        3,414,125   
   

 

 

 
      20,650,782   
   

 

 

 

Real Estate Investment Trusts—0.4%

  

AvalonBay Communities, Inc.
6.100%, 03/15/20

    860,000        986,141   

Boston Properties L.P.
3.850%, 02/01/23

    2,950,000        3,089,082   

ERP Operating L.P.
5.750%, 06/15/17

    900,000        947,316   

HCP, Inc.
5.375%, 02/01/21

    2,591,000        2,828,938   

Kimco Realty Corp.
6.875%, 10/01/19

    550,000        633,841   

Simon Property Group L.P.
5.250%, 12/01/16

    2,000,000        2,035,126   
   

 

 

 
      10,520,444   
   

 

 

 

Retail—1.2%

  

Costco Wholesale Corp.
5.500%, 03/15/17

    465,000        485,814   

CVS Health Corp.
2.250%, 12/05/18 (b)

    3,930,000        4,019,020   

Home Depot, Inc. (The)
2.000%, 04/01/21

    3,000,000        3,029,901   

4.400%, 04/01/21

    1,450,000        1,623,952   

Lowe’s Cos., Inc.
6.875%, 02/15/28

    1,000,000        1,350,649   

Macy’s Retail Holdings, Inc.
4.300%, 02/15/43

    4,600,000        3,434,243   

McDonald’s Corp.
3.700%, 01/30/26 (b)

    6,000,000        6,355,369   

5.350%, 03/01/18

    885,000        952,301   

Target Corp.
6.350%, 11/01/32

    1,000,000        1,321,792   

Retail—(Continued)

  

Wal-Mart Stores, Inc.
2.550%, 04/11/23 (b)

    4,000,000      4,107,089   

5.250%, 09/01/35

    935,000        1,147,666   

5.625%, 04/15/41

    1,900,000        2,445,992   

Walgreen Co.
5.250%, 01/15/19 (b)

    225,000        243,612   
   

 

 

 
      30,517,400   
   

 

 

 

Semiconductors—0.2%

  

Intel Corp.
2.700%, 12/15/22 (b)

    2,000,000        2,053,561   

QUALCOMM, Inc.
3.450%, 05/20/25

    4,000,000        4,147,730   
   

 

 

 
      6,201,291   
   

 

 

 

Software—0.8%

  

Adobe Systems, Inc.
4.750%, 02/01/20

    2,200,000        2,424,098   

Fidelity National Information Services, Inc.
2.850%, 10/15/18

    4,000,000        4,055,086   

Microsoft Corp.
2.000%, 11/03/20

    3,000,000        3,073,438   

4.200%, 06/01/19

    2,700,000        2,961,025   

Oracle Corp.
2.375%, 01/15/19

    3,885,000        4,016,781   

4.125%, 05/15/45 (b)

    4,200,000        4,267,180   
   

 

 

 
      20,797,608   
   

 

 

 

Telecommunications—1.5%

  

America Movil S.A.B. de C.V.
5.625%, 11/15/17 (b)

    2,700,000        2,873,362   

AT&T Mobility LLC
7.125%, 12/15/31

    100,000        125,636   

AT&T, Inc.
2.450%, 06/30/20

    4,100,000        4,144,302   

5.000%, 03/01/21

    2,600,000        2,898,029   

5.500%, 02/01/18

    3,500,000        3,748,968   

5.800%, 02/15/19

    1,700,000        1,890,204   

6.300%, 01/15/38

    1,300,000        1,494,280   

British Telecommunications plc
9.625%, 12/15/30

    1,000,000        1,560,657   

Cisco Systems, Inc.
5.500%, 01/15/40

    2,000,000        2,485,827   

Deutsche Telekom International Finance B.V.
8.750%, 06/15/30

    1,000,000        1,492,105   

Rogers Communications, Inc.
6.800%, 08/15/18

    800,000        889,725   

Telefonica Emisiones S.A.U.
6.221%, 07/03/17 (b)

    1,400,000        1,475,761   

Verizon Communications, Inc.
4.600%, 04/01/21

    2,400,000        2,666,875   

5.150%, 09/15/23

    3,510,000        4,050,286   

6.100%, 04/15/18 (b)

    1,600,000        1,745,937   

6.550%, 09/15/43

    3,304,000        4,333,866   

 

MSF-14


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Telecommunications—(Continued)

  

Verizon New York, Inc.
7.375%, 04/01/32 (b)

    500,000      $ 566,750   

Vodafone Group plc
6.150%, 02/27/37

    2,170,000        2,427,765   
   

 

 

 
      40,870,335   
   

 

 

 

Transportation—0.4%

  

Burlington Northern Santa Fe LLC
4.150%, 04/01/45

    3,900,000        3,985,492   

CSX Corp.
6.150%, 05/01/37

    1,600,000        1,942,164   

7.900%, 05/01/17

    500,000        534,878   

FedEx Corp.
8.000%, 01/15/19

    675,000        789,000   

Norfolk Southern Corp.
3.000%, 04/01/22

    1,911,000        1,945,785   

5.590%, 05/17/25

    28,000        33,056   

Union Pacific Corp.
6.625%, 02/01/29

    1,200,000        1,632,160   

United Parcel Service, Inc.
5.125%, 04/01/19 (b)

    760,000        843,702   
   

 

 

 
      11,706,237   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $686,917,336)

      702,294,874   
   

 

 

 
Foreign Government—1.8%   

Banks—0.1%

  

Landwirtschaftliche Rentenbank
2.000%, 01/13/25

    3,500,000        3,509,841   
   

 

 

 

Electric—0.1%

  

Hydro-Quebec
7.500%, 04/01/16

    1,350,000        1,350,000   

8.400%, 01/15/22

    1,000,000        1,318,809   
   

 

 

 
      2,668,809   
   

 

 

 

Provincial—0.4%

  

Province of British Columbia Canada
2.000%, 10/23/22

    1,970,000        1,987,327   

Province of Nova Scotia Canada
5.125%, 01/26/17

    900,000        929,961   

9.250%, 03/01/20

    250,000        315,711   

Province of Ontario Canada
2.450%, 06/29/22 (b)

    4,000,000        4,118,064   

4.400%, 04/14/20

    2,100,000        2,333,141   

Province of Quebec Canada
7.500%, 07/15/23

    350,000        467,752   
   

 

 

 
      10,151,956   
   

 

 

 

Sovereign—1.2%

   

Canada Government International Bond
1.625%, 02/27/19

    4,000,000        4,074,082   

Sovereign—(Continued)

  

Colombia Government International Bond
8.125%, 05/21/24 (b)

    1,500,000      1,891,095   

Mexico Government International Bonds
5.750%, 10/12/10

    4,100,000        4,194,173   

6.750%, 09/27/34

    1,050,000        1,355,271   

8.000%, 09/24/22 (b)

    2,200,000        2,838,364   

Panama Government International Bond
5.200%, 01/30/20

    1,370,000        1,519,248   

Peruvian Government International Bond
8.750%, 11/21/33

    1,450,000        2,155,490   

Philippine Government International Bond
5.000%, 01/13/37

    1,740,000        2,185,875   

Republic of Korea
7.125%, 04/16/19

    4,900,000        5,690,241   

Turkey Government International Bonds
3.250%, 03/23/23 (b)

    2,350,000        2,211,937   

6.250%, 09/26/22

    1,607,000        1,787,450   

7.375%, 02/05/25

    1,473,000        1,767,291   
   

 

 

 
      31,670,517   
   

 

 

 

Total Foreign Government
(Cost $46,948,430)

      48,001,123   
   

 

 

 
Mortgage-Backed Securities—1.4%   

Commercial Mortgage-Backed Securities—1.4%

  

Bear Stearns Commercial Mortgage Securities Trust
5.540%, 09/11/41

    649,438        651,349   

Citigroup Commercial Mortgage Trust
5.431%, 10/15/49

    1,425,283        1,434,643   

6.085%, 03/15/49 (a)

    26,225        26,189   

Commercial Mortgage Trust
3.838%, 09/10/47

    3,800,000        4,059,796   

3.902%, 07/10/50

    1,835,000        1,963,129   

5.813%, 12/10/49 (a)

    2,191,043        2,262,971   

Freddie Mac Multifamily Structured Pass-Through Certificates
2.902%, 08/25/20

    1,129,926        1,168,999   

3.060%, 07/25/23 (a)

    4,800,000        5,116,224   

GS Mortgage Securities Corp. II
3.382%, 05/10/50

    1,835,000        1,901,026   

GS Mortgage Securities Trust
3.135%, 06/10/46

    2,935,000        3,064,280   

3.377%, 05/10/45

    2,750,000        2,898,138   

4.243%, 08/10/46

    966,000        1,065,190   

JPMBB Commercial Mortgage Securities Trust
3.598%, 11/15/48

    3,900,000        4,136,529   

JPMorgan Chase Commercial Mortgage Securities Trust
5.420%, 01/15/49

    2,252,893        2,299,051   

5.440%, 06/12/47

    793,686        807,601   

Morgan Stanley Capital Trust
5.809%, 12/12/49

    2,149,278        2,225,339   

5.918%, 06/11/49 (a)

    1,182,979        1,224,741   

 

MSF-15


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (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      $ 1,095,577   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $36,899,312)

      37,400,772   
   

 

 

 
Municipals—0.8%                

Los Angeles Community College District, Build America Bonds
6.750%, 08/01/49

    2,210,000        3,326,160   

Los Angeles, Unified School District, Build America Bonds
6.758%, 07/01/34

    2,160,000        2,987,906   

Municipal Electric Authority of Georgia, Build America Bonds
6.637%, 04/01/57

    2,000,000        2,490,540   

New Jersey State Turnpike Authority, Build America Bonds
7.414%, 01/01/40

    3,500,000        5,273,800   

Oregon School Boards Association, Build America Bonds
5.680%, 06/30/28

    1,900,000        2,345,778   

State of California, Build America Bonds
7.300%, 10/01/39

    2,000,000        2,932,280   

State of Illinois, Build America Bonds
5.100%, 06/01/33

    1,230,000        1,150,235   
   

 

 

 

Total Municipals
(Cost $17,302,480)

      20,506,699   
   

 

 

 
Asset-Backed Securities—0.5%   

Asset-Backed - Automobile—0.2%

  

Capital Auto Receivables Asset Trust
1.610%, 06/20/19

    830,000        830,830   

1.940%, 01/21/20

    2,000,000        2,011,600   

CarMax Auto Owner Trust
0.970%, 04/16/18

    1,240,751        1,240,503   

Honda Auto Receivables Owner Trust
0.770%, 05/15/17

    69,485        69,462   

Nissan Auto Receivables Owner Trust
0.750%, 07/15/19

    1,086,029        1,084,443   

Volkswagen Auto Loan Enhanced Trust
0.950%, 04/22/19

    1,252,000        1,242,234   
   

 

 

 
      6,479,072   
   

 

 

 

Asset-Backed - Credit Card—0.3%

  

Capital One Multi-Asset Execution Trust
5.750%, 07/15/20

    1,960,000        2,086,420   

Citibank Credit Card Issuance Trust
2.880%, 01/23/23

    4,924,000        5,153,458   
   

 

 

 
      7,239,878   
   

 

 

 
Security Description  

Shares/

Principal
Amount*

    Value  

Asset-Backed - Home Equity—0.0%

  

Centex Home Equity Loan Trust
4.250%, 12/25/31

    54,794      54,817   
   

 

 

 

Total Asset-Backed Securities
(Cost $13,685,490)

      13,773,767   
   

 

 

 
Short-Term Investments—4.1%   

Discount Notes—0.6%

   

Federal Home Loan Bank
0.010%, 04/01/16 (c)

    3,200,000        3,200,000   

0.158%, 04/12/16 (c)

    1,600,000        1,599,917   

0.164%, 04/20/16 (c)

    2,500,000        2,499,776   

0.264%, 05/25/16 (c)

    1,400,000        1,399,443   

0.389%, 05/27/16 (c)

    2,000,000        1,998,787   

0.394%, 06/01/16 (c)

    3,600,000        3,597,590   

Freddie Mac
0.360%, 06/06/16 (c)

    2,100,000        2,098,614   
   

 

 

 
      16,394,127   
   

 

 

 

Mutual Fund—3.2%

   

State Street Navigator Securities Lending MET Portfolio (d)

    84,481,258        84,481,258   
   

 

 

 

U.S. Treasury—0.3%

   

U.S. Treasury Bills
0.161%, 04/21/16 (c)

    1,300,000        1,299,880   

0.250%, 04/14/16 (c)

    1,000,000        999,904   

0.272%, 05/26/16 (c)

    100,000        99,958   

0.290%, 06/09/16 (c)

    4,000,000        3,997,777   
   

 

 

 
      6,397,519   
   

 

 

 

Total Short-Term Investments
(Cost $107,272,904)

      107,272,904   
   

 

 

 

Total Investments—103.1%
(Cost $2,616,204,583) (e)

      2,717,825,090   

Other assets and liabilities (net)—(3.1)%

      (81,216,785
   

 

 

 
Net Assets—100.0%     $ 2,636,608,305   
   

 

 

 

 

* 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, 2016. 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, 2016, the market value of securities loaned was $168,715,695 and the collateral received consisted of cash in the amount of $84,481,258 and non-cash collateral with a value of $88,579,981. 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 current yield to maturity.

 

MSF-16


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

(d) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(e) As of March 31, 2016, the aggregate cost of investments was $2,616,204,583. The aggregate unrealized appreciation and depreciation of investments were $123,698,808 and $(22,078,301), respectively, resulting in net unrealized appreciation of $101,620,507.
(ACES)— Alternative Credit Enhancement Securities
(ARM)— Adjustable-Rate Mortgage

 

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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $       $ 1,788,574,951      $       $ 1,788,574,951   

Total Corporate Bonds & Notes*

             702,294,874                702,294,874   

Total Foreign Government*

             48,001,123                48,001,123   

Total Mortgage-Backed Securities*

             37,400,772                37,400,772   

Total Municipals

             20,506,699                20,506,699   

Total Asset-Backed Securities*

             13,773,767                13,773,767   
Short-Term Investments           

Discount Notes

             16,394,127                16,394,127   

Mutual Fund

     84,481,258                        84,481,258   

U.S. Treasury

             6,397,519                6,397,519   

Total Short-Term Investments

     84,481,258         22,791,646                107,272,904   

Total Investments

   $ 84,481,258       $ 2,633,343,832      $       $ 2,717,825,090   
                                    

Collateral for Securities Loaned (Liability)

   $       $ (84,481,258   $       $ (84,481,258

 

* 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, 2016 (Unaudited)

U.S. Treasury & Government Agencies—56.0% of Net Assets

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—37.1%  

Fannie Mae 15 Yr. Pool
2.500%, 01/01/30

    1,758,133      $ 1,810,238   

2.500%, 06/01/30

    2,040,223        2,101,717   

2.500%, 07/01/30

    2,376,324        2,447,049   

2.500%, 08/01/30

    5,995,919        6,170,872   

2.500%, 09/01/30

    2,206,571        2,271,156   

2.500%, 11/01/30

    5,609,586        5,772,150   

3.000%, 11/01/26

    1,544,050        1,616,048   

3.000%, 02/01/27

    4,097,050        4,288,228   

3.000%, 09/01/28

    2,691,048        2,816,282   

3.000%, 11/01/28

    4,988,548        5,235,312   

3.000%, 12/01/28

    1,318,538        1,384,477   

3.000%, 01/01/29

    564,359        592,782   

3.000%, 04/01/29

    1,857,251        1,949,265   

3.000%, 05/01/29

    3,046,559        3,191,448   

3.000%, 08/01/29

    3,485,287        3,658,624   

3.000%, 09/01/29

    1,112,105        1,168,260   

3.000%, 03/01/30

    1,683,345        1,768,445   

3.000%, 04/01/30

    1,419,597        1,490,052   

3.000%, 05/01/30

    1,982,934        2,082,282   

3.000%, 07/01/30

    10,130,699        10,635,762   

3.000%, 08/01/30

    7,849,573        8,238,918   

3.000%, 09/01/30

    3,192,046        3,351,472   

3.500%, 11/01/25

    2,176,033        2,313,090   

3.500%, 08/01/26

    1,854,038        1,970,600   

3.500%, 08/01/28

    1,124,600        1,198,432   

3.500%, 10/01/28

    4,820,024        5,136,392   

3.500%, 11/01/28

    5,769,876        6,148,090   

3.500%, 02/01/29

    11,743,792        12,498,834   

3.500%, 04/01/29

    2,467,760        2,629,776   

3.500%, 05/01/29

    5,641,587        6,001,920   

3.500%, 06/01/29

    3,554,670        3,787,914   

3.500%, 07/01/29

    13,372,633        14,252,127   

3.500%, 09/01/29

    332,931        354,901   

3.500%, 12/01/29

    16,321,106        17,434,042   

3.500%, 08/01/30

    1,522,400        1,625,331   

4.000%, 01/01/25

    18,439        19,230   

4.000%, 02/01/25

    4,774,997        5,084,264   

4.000%, 09/01/25

    859,185        917,919   

4.000%, 10/01/25

    2,474,173        2,643,529   

4.000%, 01/01/26

    759,968        812,105   

4.000%, 04/01/26

    509,277        544,334   

4.000%, 07/01/26

    2,125,546        2,268,464   

4.000%, 08/01/26

    1,077,934        1,150,535   

4.500%, 12/01/20

    1,137,666        1,192,609   

4.500%, 02/01/25

    848,448        904,092   

4.500%, 04/01/25

    163,994        176,938   

4.500%, 07/01/25

    606,108        650,318   

4.500%, 06/01/26

    12,396,750        13,338,175   

4.500%, TBA (a)

    12,900,000        13,347,217   

Fannie Mae 20 Yr. Pool
5.000%, 05/01/23

    4,066        4,494   

Fannie Mae 30 Yr. Pool
3.000%, 12/01/42

    10,212,267        10,510,504   

3.000%, 01/01/43

    6,875,127        7,069,434   

3.000%, 02/01/43

    3,242,045        3,337,587   
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae 30 Yr. Pool
3.000%, 03/01/43

    26,317,377      27,064,473   

3.000%, 04/01/43

    17,911,241        18,422,335   

3.000%, 05/01/43

    24,535,803        25,258,107   

3.000%, 06/01/43

    3,055,658        3,148,809   

3.500%, 01/01/42

    238,006        251,218   

3.500%, 04/01/42

    85,884        91,129   

3.500%, 06/01/42

    1,065,425        1,127,313   

3.500%, 10/01/42

    439,353        466,181   

3.500%, 12/01/42

    218,118        231,971   

3.500%, 01/01/43

    1,400,467        1,486,858   

3.500%, 02/01/43

    2,084,913        2,201,331   

3.500%, 03/01/43

    5,234,174        5,508,676   

3.500%, 04/01/43

    89,660        95,189   

3.500%, 07/01/43

    15,551,572        16,481,374   

3.500%, 08/01/43

    10,377,887        10,968,395   

3.500%, 09/01/43

    177,140        185,814   

3.500%, 10/01/43

    208,123        220,959   

3.500%, 11/01/43

    1,669,862        1,762,905   

3.500%, 01/01/44

    2,268,128        2,404,571   

3.500%, 06/01/44

    482,093        510,851   

3.500%, 07/01/44

    405,688        429,778   

3.500%, 08/01/44

    3,071,429        3,255,926   

3.500%, 09/01/44

    833,307        883,898   

3.500%, 10/01/44

    1,070,560        1,129,201   

3.500%, 03/01/45

    7,981,649        8,401,808   

3.500%, 04/01/45

    6,430,371        6,768,868   

3.500%, 05/01/45

    973,940        1,027,850   

3.500%, 06/01/45

    5,451,460        5,742,007   

3.500%, 07/01/45

    13,261,867        13,958,676   

3.500%, 08/01/45

    162,055        170,570   

3.500%, 10/01/45

    3,683,826        3,885,131   

3.500%, 11/01/45

    2,035,263        2,155,030   

3.500%, 12/01/45

    14,381,713        15,096,001   

3.500%, 03/01/46

    6,705,360        7,033,691   

3.500%, TBA (a)

    7,044,000        7,385,469   

4.000%, 08/01/33

    1,736,000        1,854,698   

4.000%, 06/01/39

    1,367,914        1,461,444   

4.000%, 12/01/39

    137,035        146,405   

4.000%, 08/01/40

    47,758        51,168   

4.000%, 10/01/40

    177,432        190,081   

4.000%, 11/01/40

    581,070        622,522   

4.000%, 12/01/40

    371,618        398,239   

4.000%, 04/01/41

    295,182        316,295   

4.000%, 09/01/41

    7,915,659        8,482,261   

4.000%, 10/01/41

    535,385        572,820   

4.000%, 02/01/42

    4,412,818        4,728,899   

4.000%, 05/01/42

    1,752,688        1,894,450   

4.000%, 06/01/42

    1,046,409        1,119,985   

4.000%, 07/01/42

    4,905,914        5,327,367   

4.000%, 08/01/42

    536,754        575,007   

4.000%, 09/01/42

    1,325,622        1,419,989   

4.000%, 12/01/42

    1,582,834        1,694,385   

4.000%, 01/01/43

    5,678,141        6,081,271   

4.000%, 10/01/43

    10,250,806        11,023,047   

4.000%, 11/01/43

    5,150,973        5,632,719   

 

MSF-18


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae 30 Yr. Pool
4.000%, 01/01/44

    3,751,507      $ 4,081,531   

4.000%, 02/01/44

    3,440,235        3,743,205   

4.000%, 05/01/44

    5,095,684        5,544,494   

4.000%, 07/01/44

    386,425        416,354   

4.000%, 12/01/44

    2,829,626        3,068,589   

4.000%, 01/01/45

    550,810        597,966   

4.000%, 02/01/45

    201,781        219,638   

4.000%, 03/01/45

    1,684,696        1,819,214   

4.000%, 04/01/45

    1,183,574        1,285,372   

4.000%, 05/01/45

    1,422,850        1,530,126   

4.000%, 09/01/45

    546,119        585,177   

4.000%, 10/01/45

    23,212,893        25,091,192   

4.000%, 11/01/45

    7,813,854        8,398,567   

4.000%, 12/01/45

    5,428,543        5,830,427   

4.000%, 01/01/46

    1,484,311        1,601,598   

4.500%, 08/01/39

    3,215,066        3,509,518   

4.500%, 11/01/39

    486,073        535,275   

4.500%, 01/01/40

    65,265        71,824   

4.500%, 04/01/40

    161,789        177,850   

4.500%, 05/01/40

    401,380        438,521   

4.500%, 06/01/40

    433,982        474,174   

4.500%, 07/01/40

    793,593        866,143   

4.500%, 08/01/40

    5,292,594        5,773,510   

4.500%, 11/01/40

    1,532,519        1,672,402   

4.500%, 07/01/41

    446,355        487,153   

4.500%, 08/01/41

    202,114        219,826   

4.500%, 09/01/41

    1,280,779        1,398,561   

4.500%, 01/01/42

    315,195        343,782   

4.500%, 06/01/42

    252,413        274,501   

4.500%, 08/01/42

    1,753,979        1,910,994   

4.500%, 09/01/42

    5,226,310        5,697,632   

4.500%, 09/01/43

    1,543,115        1,685,022   

4.500%, 10/01/43

    2,188,757        2,390,127   

4.500%, 12/01/43

    3,442,448        3,752,157   

4.500%, 01/01/44

    4,965,183        5,442,680   

4.500%, 02/01/44

    375,868        408,725   

4.500%, 03/01/44

    2,002,412        2,177,381   

4.500%, 10/01/45

    3,840,161        4,279,030   

4.500%, 11/01/45

    6,961,225        7,763,699   

5.000%, 11/01/32

    13,520        15,032   

5.000%, 06/01/39

    36,139,501        40,021,924   

5.000%, 04/01/41

    59,831        66,374   

5.000%, 07/01/41

    701,085        778,319   

5.000%, 08/01/41

    777,702        863,231   

5.000%, 01/01/42

    209,380        231,448   

5.500%, 11/01/32

    1,944,580        2,199,380   

5.500%, 12/01/32

    317,928        359,767   

5.500%, 01/01/33

    1,263,342        1,428,795   

5.500%, 12/01/33

    414,984        469,720   

5.500%, 05/01/34

    3,287,591        3,720,807   

5.500%, 08/01/37

    3,422,979        3,873,805   

5.500%, 02/01/38

    461,779        517,507   

5.500%, 03/01/38

    354,472        401,558   

5.500%, 04/01/38

    421,800        472,704   

5.500%, 06/01/38

    428,998        482,034   
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae 30 Yr. Pool
5.500%, 12/01/38

    526,893      590,480   

5.500%, 08/01/39

    517,789        582,982   

5.500%, 03/01/40

    376,515        421,954   

5.500%, 04/01/40

    158,424        178,640   

5.500%, 04/01/41

    539,655        607,756   

6.000%, 02/01/34

    367,350        425,548   

6.000%, 08/01/34

    279,686        323,345   

6.000%, 04/01/35

    4,341,812        5,029,587   

6.000%, 06/01/36

    628,164        724,360   

6.000%, 02/01/38

    871,355        1,001,070   

6.000%, 03/01/38

    321,065        369,658   

6.000%, 05/01/38

    1,043,596        1,203,282   

6.000%, 10/01/38

    1,284,270        1,466,807   

6.000%, 12/01/38

    377,505        434,461   

6.000%, 04/01/40

    4,119,662        4,697,439   

6.000%, 09/01/40

    442,126        504,172   

6.000%, 06/01/41

    930,450        1,063,289   

6.000%, TBA (a)

    4,400,000        5,012,691   

6.500%, 05/01/40

    6,028,132        6,974,292   

Fannie Mae ARM Pool
2.523%, 08/01/38 (b)

    774,802        826,121   

2.802%, 03/01/41 (b)

    716,681        758,553   

2.945%, 03/01/41 (b)

    482,730        510,717   

3.170%, 12/01/40 (b)

    1,114,795        1,163,969   

3.354%, 06/01/41 (b)

    2,482,156        2,609,500   

3.517%, 09/01/41 (b)

    1,659,608        1,757,061   

Fannie Mae REMICS (CMO)
5.000%, 04/25/35

    153,432        164,333   

Fannie Mae-ACES
0.140%, 08/25/24 (b) (c)

    117,653,504        1,304,836   

Freddie Mac 15 Yr. Gold Pool
2.500%, 08/01/29

    1,741,811        1,793,131   

2.500%, 12/01/29

    478,859        492,812   

2.500%, 05/01/30

    1,630,292        1,675,827   

2.500%, 07/01/30

    1,115,419        1,147,446   

2.500%, 08/01/30

    3,189,495        3,282,728   

2.500%, 09/01/30

    4,096,926        4,212,281   

2.500%, TBA (a)

    7,268,000        7,460,930   

3.000%, 05/01/27

    2,095,463        2,198,873   

3.000%, 01/01/30

    1,367,197        1,434,547   

3.000%, 04/01/30

    6,211,430        6,525,886   

3.000%, 05/01/30

    1,033,279        1,086,321   

3.000%, 06/01/30

    43,410        45,601   

3.000%, 07/01/30

    2,313,091        2,428,208   

3.000%, 08/01/30

    3,472,825        3,647,792   

3.000%, TBA (a)

    3,983,000        4,163,791   

3.500%, TBA (a)

    7,978,000        8,419,550   

Freddie Mac 30 Yr. Gold Pool
3.000%, 01/01/43

    2,402,300        2,463,826   

3.000%, 03/01/43

    5,502,100        5,642,822   

3.000%, 07/01/43

    15,624,799        16,058,785   

3.000%, TBA (a)

    10,920,000        11,169,795   

3.500%, 04/01/42

    2,504,687        2,647,213   

3.500%, 08/01/42

    2,012,729        2,128,445   

3.500%, 10/01/42

    263,478        276,675   

 

MSF-19


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—(Continued)  

Freddie Mac 30 Yr. Gold Pool
3.500%, 02/01/43

    506,482      $ 536,829   

3.500%, 07/01/43

    3,608,147        3,824,357   

3.500%, 12/01/43

    2,212,434        2,344,696   

3.500%, 01/01/44

    726,971        770,020   

3.500%, 04/01/44

    198,552        209,826   

3.500%, 05/01/44

    779,563        824,403   

3.500%, 06/01/44

    215,312        227,537   

3.500%, 07/01/44

    154,962        164,046   

3.500%, 08/01/44

    715,456        756,078   

3.500%, 09/01/44

    1,273,168        1,346,156   

3.500%, 08/01/45

    162,915        171,200   

3.500%, 09/01/45

    11,363,961        11,914,487   

3.500%, 10/01/45

    18,158,083        19,110,934   

3.500%, 02/01/46

    81,829,844        85,724,721   

4.000%, 08/01/40

    568,080        607,727   

4.000%, 10/01/40

    222,743        240,563   

4.000%, 11/01/40

    1,031,167        1,113,651   

4.000%, 04/01/41

    27,734        29,678   

4.000%, 10/01/41

    930,160        1,004,586   

4.000%, 09/01/43

    589,783        640,214   

4.000%, 04/01/44

    1,332,187        1,438,568   

4.000%, 08/01/44

    4,918,675        5,341,568   

4.000%, 01/01/45

    13,908,995        14,851,859   

4.000%, 02/01/45

    480,750        518,270   

4.000%, 09/01/45

    2,119,726        2,285,176   

4.000%, 10/01/45

    7,374,222        7,893,223   

4.000%, 12/01/45

    898,657        967,667   

4.000%, 01/01/46

    432,231        462,354   

4.000%, TBA (a)

    12,015,000        12,823,196   

4.500%, 02/01/39

    2,246,503        2,439,839   

4.500%, 12/01/39

    468,868        510,580   

4.500%, 07/01/40

    147,480        160,694   

4.500%, 05/01/41

    2,968,834        3,235,432   

4.500%, 05/01/42

    77,823        84,640   

4.500%, 10/01/43

    1,167,429        1,269,390   

4.500%, 12/01/43

    3,375,393        3,701,033   

4.500%, 04/01/44

    1,473,393        1,603,227   

4.500%, 07/01/44

    1,312,586        1,432,616   

4.500%, 09/01/44

    5,245,394        5,708,756   

4.500%, 10/01/44

    884,298        965,405   

4.500%, 07/01/45

    5,779,914        6,310,205   

4.500%, TBA (a)

    1,825,000        1,982,375   

5.000%, 10/01/41

    1,158,326        1,278,791   

5.000%, 11/01/41

    10,370,386        11,442,670   

5.000%, TBA (a)

    13,200,000        14,503,649   

5.500%, 09/01/39

    375,713        417,557   

5.500%, 01/01/40

    401,286        445,877   

5.500%, 07/01/40

    501,798        557,172   

5.500%, 06/01/41

    4,507,287        5,038,374   

5.500%, TBA (a)

    2,300,000        2,555,260   

Freddie Mac ARM Non-Gold Pool
3.000%, 02/01/41 (b)

    986,369        1,043,801   

Freddie Mac Multifamily Structured Pass-Through Certificates
3.151%, 11/25/25

    895,651        951,494   

3.334%, 08/25/25 (b)

    1,580,000        1,705,191   
Agency Sponsored Mortgage - Backed—(Continued)  

Ginnie Mae I 30 Yr. Pool
3.000%, TBA (a)

    7,542,000      7,798,899   

3.500%, 02/15/42

    305,623        322,707   

3.500%, 04/15/42

    528,484        560,307   

3.500%, 05/15/42

    444,167        471,597   

3.500%, 08/15/42

    695,494        738,262   

3.500%, 11/15/42

    547,125        578,882   

3.500%, 12/15/42

    1,545,747        1,640,747   

3.500%, 01/15/43

    645,380        682,742   

3.500%, 02/15/43

    1,019,897        1,080,484   

3.500%, 03/15/43

    540,563        571,870   

3.500%, 04/15/43

    2,111,270        2,239,725   

3.500%, 05/15/43

    3,730,323        3,953,104   

3.500%, 06/15/43

    994,443        1,055,526   

3.500%, 07/15/43

    3,148,446        3,337,034   

4.000%, 01/15/41

    2,395,841        2,565,162   

4.000%, 03/15/41

    1,924,640        2,063,100   

4.000%, 12/15/41

    26,960        28,830   

4.000%, 05/15/42

    149,405        159,852   

4.000%, TBA (a)

    4,542,000        4,856,392   

4.500%, 02/15/42

    19,326,314        21,059,890   

5.000%, 12/15/38

    528,788        588,605   

5.000%, 07/15/39

    1,449,074        1,613,191   

5.000%, 12/15/40

    1,791,189        1,994,076   

5.000%, TBA (a)

    26,700,000        29,440,921   

5.500%, 04/15/33

    44,419        50,903   

5.500%, TBA (a)

    12,500,000        13,986,154   

6.500%, 04/15/33

    51,926        59,440   

8.500%, 01/15/17

    781        784   

8.500%, 05/15/17

    201        202   

8.500%, 05/15/22

    1,060        1,107   

9.000%, 10/15/16

    337        338   

Ginnie Mae II 30 Yr. Pool
3.000%, 07/20/45

    35,618,440        36,944,960   

3.000%, 09/20/45

    16,119,288        16,719,610   

3.500%, 12/20/41

    6,568,444        6,959,734   

3.500%, 10/20/42

    666,679        706,517   

3.500%, 01/20/43

    590,042        625,301   

3.500%, 04/20/43

    505,535        535,628   

3.500%, 01/20/46

    47,569,517        50,337,770   

3.500%, TBA (a)

    37,357,000        39,410,459   

4.000%, 09/20/40

    180,025        194,015   

4.000%, 10/20/40

    337,709        363,946   

4.000%, 12/20/40

    4,826,985        5,202,273   

4.000%, 01/20/41

    3,624,383        3,906,254   

4.000%, 02/20/41

    64,273        69,269   

4.000%, 07/20/43

    329,575        354,130   

4.000%, 08/20/44

    1,268,372        1,373,574   

4.000%, 09/20/45

    37,088,244        39,688,378   

4.000%, 10/20/45

    22,870,901        24,482,063   

4.500%, 12/20/39

    155,987        169,779   

4.500%, 01/20/40

    190,916        207,795   

4.500%, 02/20/40

    152,489        165,970   

4.500%, 05/20/40

    10,755        11,706   

4.500%, 08/20/40

    377,444        410,815   

4.500%, 05/20/41

    20,114,526        21,893,087   

 

MSF-20


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—(Continued)  

Ginnie Mae II 30 Yr. Pool
4.500%, 06/20/41

    1,967,316      $ 2,141,273   

4.500%, 07/20/41

    1,214,446        1,321,832   

4.500%, 11/20/41

    177,555        193,255   

4.500%, 11/20/44

    498,594        535,551   

4.500%, TBA (a)

    154,000        165,333   

5.000%, 10/20/33

    1,483,031        1,641,383   

5.000%, 10/20/39

    575,331        637,234   

Government National Mortgage Association
0.825%, 08/16/41 (c)

    7,331,240        169,651   

0.905%, 02/16/53 (b) (c)

    24,834,303        1,560,764   

1.000%, 02/16/39 (c)

    9,462,954        198,194   
   

 

 

 
      1,375,031,935   
   

 

 

 

U.S. Treasury—18.9%

  

U.S. Treasury Bonds
2.875%, 08/15/45 (d) (e)

    33,343,000        35,072,668   

3.000%, 11/15/45

    17,218,000        18,588,036   

U.S. Treasury Notes
0.750%, 10/31/17

    1,490,000        1,490,524   

0.875%, 10/15/18

    126,450,000        126,647,515   

1.000%, 12/31/17

    99,090,000        99,566,127   

1.125%, 02/28/21

    2,400,000        2,390,155   

1.250%, 03/31/21

    277,000        277,249   

1.375%, 10/31/20

    134,945,000        136,025,640   

1.375%, 01/31/21

    21,539,000        21,693,822   

1.625%, 11/30/20

    18,138,000        18,500,053   

1.625%, 11/15/22

    200        202   

1.625%, 02/15/26

    33,290,000        32,806,263   

1.750%, 12/31/20

    20,761,000        21,269,478   

1.875%, 10/31/22

    59,450,000        60,813,189   

2.000%, 08/15/25

    1,705,000        1,737,768   

2.125%, 12/31/22

    10,000        10,388   

2.250%, 11/15/25

    119,903,200        124,788,296   
   

 

 

 
      701,677,373   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $2,049,515,725)

      2,076,709,308   
   

 

 

 
Corporate Bonds & Notes—23.8%   

Advertising—0.1%

  

Interpublic Group of Cos., Inc. (The)
3.750%, 02/15/23

    1,191,000        1,175,840   

4.000%, 03/15/22

    1,468,000        1,510,689   

Omnicom Group, Inc.
3.650%, 11/01/24

    750,000        772,819   
   

 

 

 
      3,459,348   
   

 

 

 

Aerospace/Defense—0.4%

  

BAE Systems Holdings, Inc.
2.850%, 12/15/20 (144A)

    699,000        710,115   

3.850%, 12/15/25 (144A)

    454,000        467,158   

4.750%, 10/07/44 (144A)

    132,000        137,722   
Aerospace/Defense—(Continued)  

Boeing Co. (The)
2.200%, 10/30/22

    222,000      220,689   

2.350%, 10/30/21

    844,000        867,122   

2.600%, 10/30/25 (f)

    316,000        321,303   

Harris Corp.
2.700%, 04/27/20

    706,000        708,000   

4.854%, 04/27/35

    1,855,000        1,928,106   

5.054%, 04/27/45

    299,000        318,575   

Lockheed Martin Corp.
3.100%, 01/15/23

    299,000        310,118   

3.550%, 01/15/26

    815,000        863,299   

3.600%, 03/01/35

    1,121,000        1,090,294   

4.070%, 12/15/42

    380,000        383,961   

4.500%, 05/15/36

    323,000        347,442   

4.700%, 05/15/46

    527,000        589,255   

Northrop Grumman Corp.
3.850%, 04/15/45

    1,295,000        1,281,500   

United Technologies Corp.
1.778%, 05/04/18

    3,052,000        3,059,111   

4.150%, 05/15/45

    836,000        867,653   
   

 

 

 
      14,471,423   
   

 

 

 

Agriculture—0.5%

  

Altria Group, Inc.
2.625%, 01/14/20

    1,684,000        1,740,614   

2.850%, 08/09/22

    1,218,000        1,258,137   

4.250%, 08/09/42

    211,000        219,391   

5.375%, 01/31/44

    2,209,000        2,698,980   

Philip Morris International, Inc.
1.125%, 08/21/17 (f)

    3,344,000        3,352,216   

2.750%, 02/25/26

    6,002,000        6,102,257   

4.125%, 03/04/43

    1,129,000        1,168,749   

4.875%, 11/15/43

    1,032,000        1,181,230   

Reynolds American, Inc.
2.300%, 06/12/18

    1,321,000        1,347,378   

3.250%, 06/12/20

    561,000        586,669   
   

 

 

 
      19,655,621   
   

 

 

 

Airlines—0.3%

  

American Airlines Group, Inc.
4.625%, 03/01/20 (144A)

    2,214,000        2,169,720   

American Airlines Pass-Through Trust
3.375%, 11/01/28

    3,592,855        3,503,034   

Southwest Airlines Co.
2.650%, 11/05/20 (f)

    1,550,000        1,580,400   

2.750%, 11/06/19

    1,032,000        1,061,605   

Turkish Airlines Pass-Through Trust
4.200%, 09/15/28 (144A)

    1,288,936        1,224,489   

United Airlines Pass-Through Trust
4.750%, 10/11/23

    398,927        394,938   
   

 

 

 
      9,934,186   
   

 

 

 

Apparel—0.0%

  

NIKE, Inc.
3.875%, 11/01/45

    1,192,000        1,247,451   
   

 

 

 

 

MSF-21


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Auto Manufacturers—1.0%

  

Daimler Finance North America LLC
2.450%, 05/18/20 (144A)

    3,587,000      $ 3,624,900   

Ford Motor Credit Co. LLC
1.724%, 12/06/17

    6,974,000        6,922,588   

2.145%, 01/09/18

    2,592,000        2,588,931   

3.336%, 03/18/21

    3,783,000        3,892,873   

4.250%, 09/20/22

    1,943,000        2,078,268   

General Motors Financial Co., Inc.
2.625%, 07/10/17

    2,036,000        2,048,391   

2.750%, 05/15/16

    3,899,000        3,906,030   

3.100%, 01/15/19

    814,000        823,735   

3.450%, 04/10/22

    1,410,000        1,384,437   

3.700%, 11/24/20

    1,345,000        1,370,707   

4.000%, 01/15/25

    1,821,000        1,768,577   

4.750%, 08/15/17

    3,515,000        3,628,541   

Toyota Motor Credit Corp.
2.750%, 05/17/21 (f)

    3,187,000        3,301,429   
   

 

 

 
      37,339,407   
   

 

 

 

Auto Parts & Equipment—0.1%

  

BorgWarner, Inc.
3.375%, 03/15/25 (f)

    1,561,000        1,529,507   

Delphi Automotive plc
4.250%, 01/15/26

    1,855,000        1,936,284   

Schaeffler Holding Finance B.V.
5.750%, 11/15/21 (EUR) (g)

    100,000        122,044   
   

 

 

 
      3,587,835   
   

 

 

 

Banks—3.6%

  

ABN AMRO Bank NV
5.750%, 09/22/20 (EUR) (b)

    200,000        217,623   

Banco Bilbao Vizcaya Argentaria S.A.
7.000%, 02/19/19 (EUR) (b)

    200,000        210,170   

Banco Espirito Santo S.A.
4.000%, 01/21/19 (EUR)

    200,000        53,481   

Bank of America Corp.
2.250%, 04/21/20

    2,535,000        2,510,522   

3.300%, 01/11/23

    3,383,000        3,411,424   

3.875%, 08/01/25

    5,164,000        5,352,187   

4.875%, 04/01/44

    494,000        538,296   

Bank of Ireland
4.250%, 06/11/24 (EUR) (b)

    100,000        113,644   

Bank of New York Mellon Corp. (The)
2.100%, 01/15/19 (f)

    3,085,000        3,125,725   

Bankia S.A.
4.000%, 05/22/24 (EUR) (b)

    200,000        218,280   

BB&T Corp.
2.450%, 01/15/20

    2,395,000        2,436,532   

Branch Banking & Trust Co.
2.300%, 10/15/18

    2,160,000        2,193,834   

Capital One Financial Corp.
4.750%, 07/15/21

    80,000        87,665   

Capital One N.A.
2.400%, 09/05/19

    250,000        249,302   

2.950%, 07/23/21

    5,963,000        5,995,463   
Banks—(Continued)  

Citigroup, Inc.
1.800%, 02/05/18

    2,960,000      2,957,005   

2.500%, 09/26/18

    4,057,000        4,119,048   

2.500%, 07/29/19

    3,634,000        3,682,841   

3.500%, 05/15/23

    2,381,000        2,380,474   

3.875%, 03/26/25

    1,530,000        1,516,039   

Citizens Bank N.A.
2.300%, 12/03/18

    1,395,000        1,402,883   

Commerzbank AG
7.750%, 03/16/21 (EUR)

    100,000        137,709   

Cooperatieve Rabobank UA
4.375%, 08/04/25

    2,756,000        2,837,575   

Credit Suisse AG
3.000%, 10/29/21

    2,270,000        2,315,466   

Credit Suisse Group Funding Guernsey, Ltd.
2.750%, 03/26/20

    3,269,000        3,225,987   

4.875%, 05/15/45

    753,000        717,372   

Goldman Sachs Group, Inc. (The)
2.600%, 04/23/20

    2,774,000        2,796,847   

2.625%, 01/31/19

    3,624,000        3,695,647   

2.750%, 09/15/20

    1,326,000        1,345,275   

3.500%, 01/23/25

    1,683,000        1,698,701   

3.750%, 05/22/25

    4,697,000        4,805,712   

4.750%, 10/21/45

    972,000        1,015,953   

4.800%, 07/08/44

    994,000        1,039,321   

HSBC Bank Brasil S.A. - Banco Multiplo
4.000%, 05/11/16 (144A)

    13,340,000        13,341,334   

HSH Nordbank AG
0.621%, 02/14/17 (EUR) (b)

    50,000        51,732   

JPMorgan Chase & Co.
1.350%, 02/15/17

    5,265,000        5,276,583   

2.200%, 10/22/19

    2,326,000        2,365,856   

2.550%, 10/29/20

    3,260,000        3,303,912   

2.750%, 06/23/20

    667,000        683,041   

3.875%, 09/10/24

    4,432,000        4,545,242   

3.900%, 07/15/25

    1,343,000        1,423,773   

4.250%, 10/01/27

    1,990,000        2,069,859   

Lloyds Banking Group plc
5.300%, 12/01/45 (144A)

    478,000        468,306   

Morgan Stanley
2.800%, 06/16/20

    3,889,000        3,959,826   

3.700%, 10/23/24

    3,417,000        3,529,146   

3.750%, 02/25/23

    1,545,000        1,609,836   

3.875%, 01/27/26

    3,069,000        3,201,608   

4.000%, 07/23/25

    1,425,000        1,490,030   

4.300%, 01/27/45

    2,591,000        2,607,170   

Santander UK Group Holdings plc
4.750%, 09/15/25 (144A)

    1,290,000        1,220,140   

7.375%, 06/24/22 (GBP) (b)

    200,000        263,552   

State Street Capital Trust
1.634%, 06/01/77 (b)

    500,000        365,425   

U.S. Bancorp
2.950%, 07/15/22

    3,137,000        3,220,011   

UBS Group Funding Jersey, Ltd.
4.125%, 09/24/25 (144A)

    1,338,000        1,339,908   

 

MSF-22


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Banks—(Continued)  

UniCredit S.p.A.
5.750%, 10/28/25 (EUR) (b)

    100,000      $ 119,148   

Wells Fargo & Co.
2.550%, 12/07/20

    1,717,000        1,748,469   

2.600%, 07/22/20

    1,479,000        1,513,433   

3.550%, 09/29/25 (f)

    2,235,000        2,343,102   

3.900%, 05/01/45

    2,148,000        2,148,253   

4.900%, 11/17/45

    969,000        1,040,068   
   

 

 

 
      133,652,766   
   

 

 

 

Beverages—0.5%

  

Anheuser-Busch InBev Finance, Inc.
2.650%, 02/01/21

    3,844,000        3,950,045   

3.300%, 02/01/23

    3,105,000        3,228,029   

3.650%, 02/01/26

    2,940,000        3,091,742   

4.700%, 02/01/36

    1,240,000        1,340,073   

4.900%, 02/01/46

    1,825,000        2,039,551   

Anheuser-Busch InBev Worldwide, Inc.
3.750%, 07/15/42

    860,000        817,051   

Molson Coors Brewing Co.
5.000%, 05/01/42

    607,000        631,497   

PepsiCo, Inc.
4.450%, 04/14/46

    2,150,000        2,397,147   
   

 

 

 
      17,495,135   
   

 

 

 

Biotechnology—0.6%

  

Amgen, Inc.
2.125%, 05/01/20 (f)

    2,559,000        2,590,361   

4.400%, 05/01/45

    758,000        773,671   

5.650%, 06/15/42

    1,511,000        1,776,869   

Biogen, Inc.
2.900%, 09/15/20

    915,000        941,671   

3.625%, 09/15/22

    1,563,000        1,653,179   

4.050%, 09/15/25 (f)

    1,315,000        1,405,316   

5.200%, 09/15/45

    295,000        327,212   

Celgene Corp.
2.250%, 05/15/19 (f)

    2,053,000        2,082,779   

3.250%, 08/15/22

    2,085,000        2,153,021   

Gilead Sciences, Inc.
2.350%, 02/01/20

    589,000        602,644   

3.650%, 03/01/26

    496,000        527,066   

4.500%, 02/01/45

    547,000        579,387   

4.600%, 09/01/35

    564,000        612,114   

4.750%, 03/01/46

    1,278,000        1,398,889   

4.800%, 04/01/44

    3,772,000        4,130,853   
   

 

 

 
      21,555,032   
   

 

 

 

Building Materials—0.0%

  

Cemex Finance LLC
5.250%, 04/01/21 (EUR)

    100,000        114,069   

HeidelbergCement AG
2.250%, 03/30/23 (EUR)

    50,000        56,824   
Building Materials—(Continued)  

Standard Industries, Inc.
6.000%, 10/15/25 (144A)

    690,000      729,675   
   

 

 

 
      900,568   
   

 

 

 

Chemicals—0.3%

  

Agrium, Inc.
4.125%, 03/15/35

    1,155,000        1,003,659   

CF Industries, Inc.
3.450%, 06/01/23 (f)

    1,090,000        1,054,313   

5.375%, 03/15/44

    1,793,000        1,649,327   

Dow Chemical Co. (The)
4.375%, 11/15/42

    726,000        696,874   

4.625%, 10/01/44

    982,000        982,554   

Eastman Chemical Co.
4.800%, 09/01/42

    1,236,000        1,172,203   

Ecolab, Inc.
2.250%, 01/12/20

    1,595,000        1,611,237   

Monsanto Co.
3.600%, 07/15/42

    1,802,000        1,455,439   

Sherwin-Williams Co. (The)
4.000%, 12/15/42

    565,000        539,720   
   

 

 

 
      10,165,326   
   

 

 

 

Coal—0.0%

  

CONSOL Energy, Inc.
5.875%, 04/15/22 (f)

    1,320,000        951,218   
   

 

 

 

Commercial Services—0.2%

  

Catholic Health Initiatives
4.350%, 11/01/42

    550,000        543,016   

EC Finance plc
5.125%, 07/15/21 (EUR)

    100,000        119,195   

Moody’s Corp.
4.500%, 09/01/22

    1,667,000        1,811,780   

TMF Group Holding B.V.
9.875%, 12/01/19 (EUR)

    250,000        302,966   

Total System Services, Inc.
4.800%, 04/01/26

    3,469,000        3,579,467   
   

 

 

 
      6,356,424   
   

 

 

 

Computers—1.1%

  

Apple, Inc.
2.100%, 05/06/19

    3,725,000        3,829,382   

3.250%, 02/23/26

    7,200,000        7,517,275   

3.450%, 02/09/45

    1,028,000        928,443   

4.650%, 02/23/46

    9,293,000        10,144,741   

Hewlett Packard Enterprise Co.
2.850%, 10/05/18 (144A)

    2,705,000        2,750,422   

3.600%, 10/15/20 (144A) (f)

    3,456,000        3,593,691   

HP, Inc.
3.750%, 12/01/20 (f)

    357,000        369,391   

International Business Machines Corp.
3.450%, 02/19/26 (f)

    10,010,000        10,507,427   
   

 

 

 
      39,640,772   
   

 

 

 

 

MSF-23


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Diversified Financial Services—0.8%

  

American Express Credit Corp.
1.125%, 06/05/17 (f)

    6,272,000      $ 6,266,293   

2.250%, 08/15/19

    1,959,000        1,983,393   

Capital One Bank USA N.A.
2.300%, 06/05/19 (f)

    500,000        498,286   

GE Capital International Funding Co.
3.373%, 11/15/25 (144A)

    5,226,000        5,576,639   

Intercontinental Exchange, Inc.
2.750%, 12/01/20

    1,085,000        1,107,822   

3.750%, 12/01/25

    694,000        708,457   

Jefferies Group LLC
6.500%, 01/20/43

    648,000        577,300   

MasterCard, Inc.
3.375%, 04/01/24

    2,285,000        2,443,593   

Mercury Bondco plc
8.250%, 05/30/21 (EUR) (g)

    100,000        115,212   

Synchrony Financial
2.600%, 01/15/19

    1,706,000        1,709,644   

2.700%, 02/03/20

    1,079,000        1,069,185   

4.500%, 07/23/25

    2,197,000        2,259,803   

Visa, Inc.
2.800%, 12/14/22

    3,556,000        3,708,446   

3.150%, 12/14/25

    1,603,000        1,673,332   

4.150%, 12/14/35

    411,000        441,665   
   

 

 

 
      30,139,070   
   

 

 

 

Electric—1.7%

  

Alabama Power Co.
2.800%, 04/01/25

    477,000        481,521   

Berkshire Hathaway Energy Co.
2.400%, 02/01/20

    1,104,000        1,124,889   

3.500%, 02/01/25

    1,060,000        1,118,934   

CenterPoint Energy Houston Electric LLC
4.500%, 04/01/44

    560,000        616,437   

CMS Energy Corp.
3.875%, 03/01/24 (f)

    1,881,000        1,989,419   

Commonwealth Edison Co.
4.700%, 01/15/44

    1,451,000        1,651,975   

Consumers Energy Co.
3.950%, 05/15/43

    894,000        918,969   

Dominion Resources, Inc.
1.950%, 08/15/16

    2,289,000        2,296,231   

2.500%, 12/01/19

    2,587,000        2,616,290   

DTE Electric Co.
3.950%, 06/15/42

    1,109,000        1,142,767   

DTE Energy Co.
2.400%, 12/01/19

    791,000        797,096   

3.500%, 06/01/24

    2,352,000        2,417,235   

Duke Energy Carolinas LLC
3.750%, 06/01/45

    1,109,000        1,093,644   

4.250%, 12/15/41

    1,865,000        1,993,519   

Duke Energy Corp.
3.050%, 08/15/22

    150,000        151,418   

3.750%, 04/15/24

    1,582,000        1,653,972   

4.800%, 12/15/45

    730,000        776,737   
Electric—(Continued)  

Duke Energy Florida LLC
3.850%, 11/15/42

    1,109,000      1,076,685   

Entergy Arkansas, Inc.
3.700%, 06/01/24

    1,834,000        1,957,861   

Exelon Corp.
2.850%, 06/15/20

    3,225,000        3,291,093   

Florida Power & Light Co.
3.800%, 12/15/42

    627,000        638,909   

Georgia Power Co.
3.000%, 04/15/16

    4,476,000        4,478,923   

NiSource Finance Corp.
3.850%, 02/15/23

    1,958,000        2,053,296   

Pacific Gas & Electric Co.
4.300%, 03/15/45

    839,000        903,561   

4.750%, 02/15/44

    545,000        620,261   

PacifiCorp
3.350%, 07/01/25

    3,477,000        3,666,062   

3.600%, 04/01/24

    4,004,000        4,283,776   

PG&E Corp.
2.400%, 03/01/19

    1,634,000        1,655,802   

Progress Energy, Inc.
4.875%, 12/01/19

    409,000        448,548   

Public Service Co. of Colorado
2.500%, 03/15/23

    1,503,000        1,504,225   

Puget Sound Energy, Inc.
4.300%, 05/20/45

    1,922,000        2,072,058   

Southern California Edison Co.
1.250%, 11/01/17

    1,080,000        1,077,487   

Southern Co. (The)
1.950%, 09/01/16

    2,212,000        2,222,447   

Trans-Allegheny Interstate Line Co.
3.850%, 06/01/25 (144A)

    3,395,000        3,507,425   

Virginia Electric & Power Co.
3.450%, 02/15/24

    1,744,000        1,827,768   

4.200%, 05/15/45 (f)

    1,419,000        1,490,516   

4.450%, 02/15/44

    437,000        476,667   
   

 

 

 
      62,094,423   
   

 

 

 

Electronics—0.0%

  

Trionista Holdco GmbH
5.000%, 04/30/20 (EUR)

    306,000        357,163   
   

 

 

 

Energy-Alternate Sources—0.0%

  

CE Energy A/S
7.000%, 02/01/21 (EUR)

    156,000        187,276   
   

 

 

 

Engineering & Construction—0.0%

  

Obrascon Huarte Lain S.A.
5.500%, 03/15/23 (EUR)

    200,000        181,290   
   

 

 

 

Entertainment—0.0%

  

Gala Group Finance plc
8.875%, 09/01/18 (GBP)

    25,143        37,195   

Intralot Capital Luxembourg S.A.
6.000%, 05/15/21 (EUR)

    100,000        101,842   

 

MSF-24


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Entertainment—(Continued)  

PortAventura Entertainment Barcelona B.V.
7.250%, 12/01/20 (EUR)

    140,000      $ 163,662   

Vougeot Bidco plc
7.875%, 07/15/20 (GBP)

    150,000        223,236   
   

 

 

 
      525,935   
   

 

 

 

Environmental Control—0.1%

  

Bilbao Luxembourg S.A.
10.500%, 12/01/18 (EUR) (g)

    107,110        113,471   

Republic Services, Inc.
3.200%, 03/15/25

    1,798,000        1,807,551   

Waste Management, Inc.
3.125%, 03/01/25

    1,162,000        1,190,853   

3.900%, 03/01/35

    1,291,000        1,253,156   
   

 

 

 
      4,365,031   
   

 

 

 

Food—0.1%

  

Bakkavor Finance 2 plc
8.750%, 06/15/20 (GBP)

    180,000        276,686   

Kraft Heinz Foods Co.
6.875%, 01/26/39

    678,000        866,180   

Sysco Corp.
4.500%, 04/01/46

    676,000        687,455   
   

 

 

 
      1,830,321   
   

 

 

 

Forest Products & Paper—0.1%

  

International Paper Co.
3.650%, 06/15/24 (f)

    1,361,000        1,381,144   

4.800%, 06/15/44

    929,000        894,681   
   

 

 

 
      2,275,825   
   

 

 

 

Gas—0.0%

  

Sempra Energy
2.875%, 10/01/22

    896,000        885,649   
   

 

 

 

Healthcare-Products—0.9%

  

Abbott Laboratories
2.550%, 03/15/22

    2,858,000        2,908,592   

Becton Dickinson & Co.
1.450%, 05/15/17

    1,820,000        1,822,914   

1.800%, 12/15/17

    845,000        848,552   

2.675%, 12/15/19

    2,692,000        2,757,943   

3.125%, 11/08/21

    1,286,000        1,328,486   

4.685%, 12/15/44

    367,000        396,419   

Boston Scientific Corp.
2.650%, 10/01/18

    1,872,000        1,905,170   

2.850%, 05/15/20

    2,268,000        2,303,376   

3.850%, 05/15/25

    1,795,000        1,861,388   

Medtronic, Inc.
2.500%, 03/15/20

    1,749,000        1,809,886   

3.125%, 03/15/22 (f)

    1,645,000        1,736,321   

3.625%, 03/15/24

    2,067,000        2,219,427   

4.625%, 03/15/44 (f)

    1,993,000        2,227,022   

4.625%, 03/15/45

    1,353,000        1,514,302   
Healthcare-Products—(Continued)  

St. Jude Medical, Inc.
2.800%, 09/15/20

    1,578,000      1,613,644   

3.875%, 09/15/25 (f)

    505,000        526,052   

Stryker Corp.
3.375%, 11/01/25 (f)

    703,000        721,066   

3.500%, 03/15/26 (f)

    1,175,000        1,217,694   

4.625%, 03/15/46

    1,016,000        1,085,021   

Thermo Fisher Scientific, Inc.
3.300%, 02/15/22

    1,695,000        1,727,825   

3.650%, 12/15/25

    550,000        559,413   

Zimmer Biomet Holdings, Inc.
3.550%, 04/01/25

    889,000        898,242   

4.250%, 08/15/35

    1,145,000        1,118,027   
   

 

 

 
      35,106,782   
   

 

 

 

Healthcare-Services—0.9%

  

Aetna, Inc.
4.125%, 11/15/42

    786,000        757,960   

4.500%, 05/15/42

    1,593,000        1,619,232   

Anthem, Inc.
1.875%, 01/15/18

    5,068,000        5,084,055   

2.300%, 07/15/18

    7,006,000        7,085,714   

4.650%, 08/15/44 (f)

    1,036,000        1,029,392   

Baylor Scott & White Holdings
4.185%, 11/15/45

    775,000        784,664   

Care UK Health & Social Care plc
5.591%, 07/15/19 (GBP) (b)

    100,000        122,907   

Cigna Corp.
3.250%, 04/15/25

    3,015,000        3,006,673   

Dignity Health
5.267%, 11/01/64

    1,775,000        1,923,214   

Laboratory Corp. of America Holdings
2.625%, 02/01/20

    1,583,000        1,589,650   

Ochsner Clinic Foundation
5.897%, 05/15/45

    685,000        794,518   

Roche Holdings, Inc.
2.875%, 09/29/21 (144A)

    1,820,000        1,908,108   

3.000%, 11/10/25 (144A) (f)

    1,108,000        1,147,023   

Southern Baptist Hospital of Florida, Inc.
4.857%, 07/15/45

    650,000        719,455   

Synlab Bondco plc
6.250%, 07/01/22 (EUR)

    100,000        120,276   

UnitedHealth Group, Inc.
2.700%, 07/15/20

    944,000        980,622   

2.875%, 12/15/21

    2,021,000        2,098,758   

3.350%, 07/15/22

    932,000        991,470   

3.950%, 10/15/42

    2,478,000        2,493,099   

4.625%, 07/15/35

    377,000        420,875   
   

 

 

 
      34,677,665   
   

 

 

 

Household Products/Wares—0.1%

  

Kimberly-Clark Corp.
1.900%, 05/22/19

    2,805,000        2,852,486   

2.650%, 03/01/25

    833,000        847,073   

2.750%, 02/15/26 (f)

    1,010,000        1,032,310   
   

 

 

 
      4,731,869   
   

 

 

 

 

MSF-25


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Housewares—0.1%

  

Newell Rubbermaid, Inc.
2.875%, 12/01/19

    906,000      $ 915,905   

4.200%, 04/01/26

    1,751,000        1,831,623   
   

 

 

 
      2,747,528   
   

 

 

 

Insurance—1.1%

  

Aflac, Inc.
3.625%, 06/15/23

    1,263,000        1,327,371   

Allstate Corp. (The)
3.150%, 06/15/23

    1,270,000        1,305,655   

American International Group, Inc.
3.375%, 08/15/20 (f)

    2,288,000        2,363,838   

3.750%, 07/10/25

    1,511,000        1,509,199   

3.875%, 01/15/35

    673,000        601,172   

3.900%, 04/01/26

    12,711,000        12,750,633   

4.375%, 01/15/55

    1,207,000        1,055,493   

4.500%, 07/16/44

    1,615,000        1,523,152   

Aon plc
4.750%, 05/15/45

    2,004,000        2,033,138   

Berkshire Hathaway, Inc.
3.125%, 03/15/26

    4,552,000        4,667,375   

Lincoln National Corp.
3.350%, 03/09/25 (f)

    656,000        630,682   

Loews Corp.
2.625%, 05/15/23

    1,270,000        1,252,701   

Marsh & McLennan Cos., Inc.
3.750%, 03/14/26

    359,000        367,533   

MassMutual Global Funding
2.350%, 04/09/19 (144A)

    4,203,000        4,295,134   

Prudential Financial, Inc.
4.600%, 05/15/44 (f)

    2,509,000        2,519,001   

Travelers Cos., Inc. (The)
4.600%, 08/01/43

    2,012,000        2,267,842   

XLIT, Ltd.
2.300%, 12/15/18

    2,013,000        2,019,534   
   

 

 

 
      42,489,453   
   

 

 

 

Internet—0.1%

  

Amazon.com, Inc.
2.600%, 12/05/19

    2,713,000        2,822,426   
   

 

 

 

Iron/Steel—0.0%

   

Nucor Corp.
5.200%, 08/01/43

    901,000        916,862   
   

 

 

 

Leisure Time—0.0%

   

Cirsa Funding Luxembourg S.A.
5.875%, 05/15/23 (EUR)

    100,000        110,860   
   

 

 

 

Machinery-Diversified—0.1%

  

John Deere Capital Corp.
3.350%, 06/12/24

    2,650,000        2,766,123   

Rockwell Automation, Inc.
2.875%, 03/01/25

    1,074,000        1,089,643   
   

 

 

 
      3,855,766   
   

 

 

 

Media—1.8%

   

21st Century Fox America, Inc.
3.700%, 09/15/24 (f)

    1,130,000      1,189,674   

3.700%, 10/15/25 (f)

    517,000        541,333   

4.750%, 09/15/44

    791,000        818,803   

4.950%, 10/15/45 (f)

    223,000        238,417   

Altice Luxembourg S.A.
6.250%, 02/15/25 (EUR)

    261,000        266,951   

7.250%, 05/15/22 (EUR)

    100,000        112,453   

CBS Corp.
2.300%, 08/15/19

    2,077,000        2,098,466   

CCO Safari LLC
3.579%, 07/23/20 (144A)

    2,563,000        2,618,968   

4.464%, 07/23/22 (144A)

    1,885,000        1,970,330   

4.908%, 07/23/25 (144A)

    2,520,000        2,658,136   

6.384%, 10/23/35 (144A)

    1,407,000        1,553,270   

Comcast Corp.
2.750%, 03/01/23 (f)

    4,088,000        4,224,408   

3.150%, 03/01/26

    8,540,000        8,891,506   

3.375%, 08/15/25 (f)

    1,578,000        1,678,512   

4.250%, 01/15/33

    665,000        708,218   

4.400%, 08/15/35

    2,001,000        2,167,904   

4.600%, 08/15/45

    1,017,000        1,128,274   

Discovery Communications LLC
3.450%, 03/15/25 (f)

    1,396,000        1,317,803   

4.875%, 04/01/43

    533,000        468,483   

4.900%, 03/11/26

    5,835,000        6,016,025   

NBCUniversal Enterprise, Inc.
5.250%, 03/29/49 (144A)

    4,585,000        4,722,550   

NBCUniversal Media LLC
4.450%, 01/15/43

    1,514,000        1,630,669   

Numericable-SFR SAS
5.375%, 05/15/22 (EUR)

    100,000        115,781   

Scripps Networks Interactive, Inc.
2.750%, 11/15/19 (f)

    1,501,000        1,507,995   

Telenet Finance Luxembourg SCA
6.750%, 08/15/24 (EUR)

    320,000        399,631   

Time Warner Cable, Inc.
4.000%, 09/01/21

    503,000        526,347   

4.125%, 02/15/21

    3,589,000        3,792,094   

4.500%, 09/15/42

    161,000        142,921   

5.000%, 02/01/20

    1,723,000        1,870,263   

5.500%, 09/01/41

    588,000        583,126   

Time Warner, Inc.
2.100%, 06/01/19 (f)

    3,352,000        3,380,888   

3.600%, 07/15/25 (f)

    820,000        841,687   

4.650%, 06/01/44

    1,829,000        1,788,771   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH
4.000%, 01/15/25 (EUR)

    105,000        121,869   

UPCB Finance, Ltd.
4.000%, 01/15/27 (EUR)

    100,000        110,627   

Viacom, Inc.
2.750%, 12/15/19

    1,650,000        1,680,413   

4.500%, 03/01/21 (f)

    1,779,000        1,917,529   

Virgin Media Secured Finance plc
6.000%, 04/15/21 (GBP)

    396,000        592,927   

 

MSF-26


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Media—(Continued)  

Ziggo Bond Finance B.V.
4.625%, 01/15/25 (EUR)

    100,000      $ 110,945   
   

 

 

 
      66,504,967   
   

 

 

 

Mining—0.0%

  

Anglo American Capital plc
3.500%, 03/28/22 (EUR)

    100,000        92,848   
   

 

 

 

Miscellaneous Manufacturing—0.3%

  

Eaton Corp.
2.750%, 11/02/22

    4,194,000        4,196,084   

Gates Global LLC / Gates Global Co.
5.750%, 07/15/22 (EUR)

    100,000        92,288   

General Electric Co.
3.100%, 01/09/23

    1,404,000        1,486,721   

3.150%, 09/07/22

    908,000        968,087   

4.500%, 03/11/44

    2,960,000        3,304,106   

Ingersoll-Rand Luxembourg Finance S.A.
2.625%, 05/01/20

    1,538,000        1,543,900   

4.650%, 11/01/44

    306,000        315,127   
   

 

 

 
      11,906,313   
   

 

 

 

Oil & Gas—1.0%

  

Anadarko Petroleum Corp.
4.500%, 07/15/44 (f)

    1,209,000        948,386   

7.950%, 06/15/39

    1,208,000        1,329,269   

BP Capital Markets plc
2.237%, 05/10/19 (f)

    3,701,000        3,745,867   

California Resources Corp.
8.000%, 12/15/22 (144A)

    383,000        147,455   

Chevron Corp.
1.961%, 03/03/20 (f)

    3,336,000        3,380,789   

2.193%, 11/15/19 (f)

    855,000        871,273   

Continental Resources, Inc.
3.800%, 06/01/24 (f)

    1,310,000        1,034,900   

4.900%, 06/01/44

    1,500,000        1,117,500   

Exxon Mobil Corp.
1.819%, 03/15/19 (f)

    3,300,000        3,349,262   

4.114%, 03/01/46

    1,782,000        1,889,455   

Marathon Petroleum Corp.
4.750%, 09/15/44

    1,016,000        813,062   

MEG Energy Corp.
6.500%, 03/15/21 (144A)

    448,000        270,480   

7.000%, 03/31/24 (144A)

    3,359,000        1,981,810   

Petrobras Global Finance B.V.
6.250%, 12/14/26 (GBP)

    200,000        198,371   

Phillips 66
4.875%, 11/15/44

    1,027,000        1,028,868   

Shell International Finance B.V.
2.125%, 05/11/20

    3,564,000        3,597,042   

3.625%, 08/21/42 (f)

    1,100,000        984,490   

4.125%, 05/11/35

    2,748,000        2,815,694   

Statoil ASA
2.900%, 11/08/20 (f)

    3,233,000        3,317,061   

Transocean, Inc.
6.800%, 03/15/38 (f)

    582,000        291,000   
Oil & Gas—(Continued)  

Valero Energy Corp.
3.650%, 03/15/25

    2,548,000      2,503,181   

Woodside Finance, Ltd.
3.650%, 03/05/25 (144A)

    353,000        327,921   
   

 

 

 
      35,943,136   
   

 

 

 

Oil & Gas Services—0.1%

  

Schlumberger Holdings Corp.
3.000%, 12/21/20 (144A)

    2,972,000        3,013,118   
   

 

 

 

Packaging & Containers—0.2%

  

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
4.250%, 01/15/22 (EUR)

    100,000        115,212   

Horizon Holdings SASU
7.250%, 08/01/23 (EUR)

    100,000        119,479   

Novelis, Inc.
8.750%, 12/15/20 (f)

    7,985,000        8,059,261   
   

 

 

 
      8,293,952   
   

 

 

 

Pharmaceuticals—1.4%

  

AbbVie, Inc.
2.500%, 05/14/20

    3,448,000        3,510,312   

2.900%, 11/06/22

    1,946,000        1,980,380   

4.400%, 11/06/42

    1,618,000        1,634,669   

4.500%, 05/14/35

    958,000        995,371   

Actavis Funding SCS
2.350%, 03/12/18

    3,614,000        3,656,689   

3.000%, 03/12/20

    7,722,000        7,939,822   

4.750%, 03/15/45

    5,000,000        5,258,525   

AmerisourceBergen Corp.
1.150%, 05/15/17

    2,313,000        2,306,153   

3.250%, 03/01/25

    602,000        610,451   

4.250%, 03/01/45

    602,000        581,325   

AstraZeneca plc
3.375%, 11/16/25

    1,854,000        1,920,436   

4.375%, 11/16/45

    768,000        817,624   

Bristol-Myers Squibb Co.
4.500%, 03/01/44 (f)

    729,000        827,384   

Eli Lilly & Co.
3.700%, 03/01/45

    979,000        996,260   

Express Scripts Holding Co.
1.250%, 06/02/17

    1,840,000        1,836,256   

3.900%, 02/15/22

    1,286,000        1,340,820   

GlaxoSmithKline Capital plc
2.850%, 05/08/22

    1,818,000        1,904,306   

Johnson & Johnson
2.450%, 03/01/26

    4,578,000        4,594,769   

Mylan, Inc.
3.125%, 01/15/23 (144A)

    1,298,000        1,241,781   

Novartis Capital Corp.
3.000%, 11/20/25

    1,090,000        1,137,180   

4.000%, 11/20/45

    348,000        372,440   

4.400%, 04/24/20

    2,563,000        2,849,730   

 

MSF-27


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Pharmaceuticals—(Continued)  

Pfizer, Inc.
4.300%, 06/15/43

    851,000      $ 931,578   

4.400%, 05/15/44 (f)

    969,000        1,095,480   

Teva Pharmaceutical Finance Co. B.V.
3.650%, 11/10/21 (f)

    841,000        876,483   

Valeant Pharmaceuticals International, Inc.
4.500%, 05/15/23 (EUR)

    200,000        167,271   

Zoetis, Inc.
3.250%, 02/01/23

    1,218,000        1,204,461   
   

 

 

 
      52,587,956   
   

 

 

 

Pipelines—0.6%

  

Enterprise Products Operating LLC
3.700%, 02/15/26 (f)

    2,732,000        2,679,636   

3.900%, 02/15/24 (f)

    1,366,000        1,380,709   

4.450%, 02/15/43

    2,714,000        2,422,123   

Kinder Morgan Energy Partners L.P.
3.500%, 03/01/21

    3,509,000        3,377,756   

3.950%, 09/01/22

    1,124,000        1,078,996   

4.700%, 11/01/42

    1,879,000        1,476,084   

5.625%, 09/01/41

    463,000        401,858   

Kinder Morgan, Inc.
3.050%, 12/01/19

    703,000        692,105   

Spectra Energy Partners L.P.
3.500%, 03/15/25 (f)

    1,789,000        1,727,922   

Sunoco Logistics Partners Operations L.P.
3.450%, 01/15/23

    2,370,000        2,116,114   

TransCanada PipeLines, Ltd.
1.875%, 01/12/18

    1,111,000        1,109,432   

2.500%, 08/01/22

    1,407,000        1,331,433   

4.625%, 03/01/34

    2,482,000        2,371,320   

Western Gas Partners L.P.
4.000%, 07/01/22

    1,851,000        1,656,858   
   

 

 

 
      23,822,346   
   

 

 

 

Real Estate—0.0%

  

ProLogis L.P.
3.750%, 11/01/25 (f)

    412,000        429,898   
   

 

 

 

Real Estate Investment Trusts—0.3%

  

American Tower Corp.
3.300%, 02/15/21

    1,342,000        1,364,978   

3.450%, 09/15/21

    1,554,000        1,589,032   

3.500%, 01/31/23

    397,000        400,763   

4.400%, 02/15/26 (f)

    264,000        279,163   

5.000%, 02/15/24

    391,000        429,072   

AvalonBay Communities, Inc.
3.500%, 11/15/25

    250,000        259,000   

Crown Castle International Corp.
5.250%, 01/15/23

    745,000        803,669   

ERP Operating L.P.
3.375%, 06/01/25

    1,153,000        1,187,866   

Omega Healthcare Investors, Inc.
4.500%, 04/01/27

    1,039,000        994,320   
Real Estate Investment Trusts—(Continued)  

Simon Property Group L.P.
2.500%, 07/15/21 (f)

    803,000      820,532   

3.375%, 10/01/24 (f)

    1,717,000        1,796,346   

4.250%, 10/01/44 (f)

    825,000        849,768   
   

 

 

 
      10,774,509   
   

 

 

 

Retail—0.7%

   

CVS Health Corp.
4.000%, 12/05/23

    1,757,000        1,936,885   

4.875%, 07/20/35

    3,071,000        3,424,070   

5.300%, 12/05/43

    843,000        995,302   

Hema Bondco B.V.
6.250%, 06/15/19 (EUR)

    100,000        82,953   

Home Depot, Inc. (The)
3.350%, 09/15/25

    418,000        452,955   

4.400%, 03/15/45

    493,000        548,316   

5.400%, 09/15/40

    677,000        847,463   

Lowe’s Cos., Inc.
3.375%, 09/15/25 (f)

    459,000        492,146   

4.250%, 09/15/44

    524,000        562,955   

4.375%, 09/15/45

    344,000        382,218   

Macy’s Retail Holdings, Inc.
4.500%, 12/15/34

    1,439,000        1,168,459   

McDonald’s Corp.
2.750%, 12/09/20 (f)

    607,000        628,687   

3.700%, 01/30/26

    583,000        617,480   

4.600%, 05/26/45

    135,000        142,061   

4.700%, 12/09/35

    433,000        465,303   

4.875%, 12/09/45

    510,000        557,158   

New Look Secured Issuer plc
6.500%, 07/01/22 (GBP)

    100,000        141,040   

Punch Taverns Finance B, Ltd.
5.267%, 03/30/24 (GBP)

    95,384        119,440   

QVC, Inc.
3.125%, 04/01/19

    1,103,000        1,106,417   

5.125%, 07/02/22

    1,817,000        1,906,487   

Target Corp.
3.500%, 07/01/24

    783,000        858,838   

4.000%, 07/01/42 (f)

    767,000        821,166   

Unique Pub Finance Co. plc (The)
5.659%, 06/30/27 (GBP)

    174,199        244,693   

Wal-Mart Stores, Inc.
2.550%, 04/11/23

    1,376,000        1,415,517   

4.000%, 04/11/43 (f)

    708,000        750,013   

Walgreens Boots Alliance, Inc.
4.800%, 11/18/44

    5,144,000        5,112,205   
   

 

 

 
      25,780,227   
   

 

 

 

Savings & Loans—0.0%

  

Washington Mutual Bank
Zero Coupon, 05/01/09 (h)

    720,000        147,600   

Zero Coupon, 11/06/09 (h)

    1,430,000        293,150   

Zero Coupon, 02/04/11 (h)

    1,247,000        255,635   

Zero Coupon, 12/13/49 (h)

    900,000        184,500   
   

 

 

 
      880,885   
   

 

 

 

 

MSF-28


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Semiconductors—0.1%

  

Analog Devices, Inc.
3.900%, 12/15/25

    347,000      $ 374,781   

5.300%, 12/15/45

    353,000        396,145   

QUALCOMM, Inc.
4.800%, 05/20/45

    961,000        951,954   
   

 

 

 
      1,722,880   
   

 

 

 

Software—0.3%

   

Fidelity National Information Services, Inc.
3.625%, 10/15/20

    259,000        267,683   

Microsoft Corp.
3.500%, 02/12/35

    2,044,000        2,001,763   

4.450%, 11/03/45

    204,000        226,270   

Oracle Corp.
2.800%, 07/08/21

    3,872,000        4,053,480   

3.250%, 05/15/30 (f)

    2,792,000        2,814,428   

4.375%, 05/15/55

    939,000        945,824   
   

 

 

 
      10,309,448   
   

 

 

 

Telecommunications—1.4%

  

America Movil S.A.B. de C.V.
2.375%, 09/08/16

    7,975,000        8,008,360   

AT&T, Inc.
2.300%, 03/11/19 (f)

    2,035,000        2,077,737   

2.375%, 11/27/18

    1,683,000        1,719,243   

2.450%, 06/30/20 (f)

    3,043,000        3,083,536   

3.000%, 06/30/22

    3,744,000        3,798,438   

3.400%, 05/15/25

    2,803,000        2,809,568   

3.875%, 08/15/21

    2,472,000        2,630,500   

4.300%, 12/15/42

    2,302,000        2,107,044   

4.600%, 02/15/21

    3,066,000        3,354,308   

4.750%, 05/15/46

    267,000        260,447   

6.375%, 03/01/41

    1,032,000        1,201,622   

Juniper Networks, Inc.
3.300%, 06/15/20

    1,478,000        1,498,822   

Orange S.A.
4.000%, 10/01/21 (EUR) (b)

    300,000        347,412   

5.500%, 02/06/44 (f)

    1,256,000        1,496,329   

Rogers Communications, Inc.
3.625%, 12/15/25

    447,000        465,346   

5.000%, 03/15/44

    394,000        434,013   

Telecom Italia S.p.A.
3.250%, 01/16/23 (EUR)

    100,000        119,001   

Verizon Communications, Inc.
2.625%, 02/21/20

    3,817,000        3,927,456   

3.450%, 03/15/21 (f)

    3,553,000        3,771,140   

3.850%, 11/01/42

    3,742,000        3,398,151   

4.400%, 11/01/34

    3,524,000        3,562,577   

4.862%, 08/21/46

    633,000        667,512   

5.050%, 03/15/34

    1,201,000        1,301,720   

Vodafone Group plc
2.500%, 09/26/22

    1,329,000        1,298,434   

Wind Acquisition Finance S.A.
4.000%, 07/15/20 (EUR)

    100,000        112,794   
   

 

 

 
      53,451,510   
   

 

 

 

Transportation—0.6%

  

Burlington Northern Santa Fe LLC
3.000%, 03/15/23

    444,000      461,951   

3.450%, 09/15/21 (f)

    610,000        652,142   

4.150%, 04/01/45

    758,000        777,768   

4.700%, 09/01/45 (f)

    665,000        740,632   

Canadian National Railway Co.
2.750%, 03/01/26

    3,213,000        3,290,462   

CSX Corp.
3.350%, 11/01/25 (f)

    782,000        805,268   

4.100%, 03/15/44

    1,084,000        1,069,485   

FedEx Corp.
3.900%, 02/01/35

    219,000        212,002   

4.100%, 02/01/45

    1,295,000        1,231,849   

4.550%, 04/01/46

    1,393,000        1,431,595   

4.750%, 11/15/45

    1,053,000        1,114,420   

4.900%, 01/15/34

    768,000        829,836   

Norfolk Southern Corp.
4.450%, 06/15/45

    1,195,000        1,233,838   

Onorato Armatori S.p.A.
7.750%, 02/15/23 (EUR)

    100,000        119,195   

Ryder System, Inc.
2.450%, 09/03/19

    1,629,000        1,630,530   

Silk Bidco A/S
7.500%, 02/01/22 (EUR)

    200,000        237,821   

Union Pacific Corp.
3.375%, 02/01/35

    668,000        643,508   

3.875%, 02/01/55

    1,997,000        1,872,223   

4.050%, 11/15/45 (f)

    196,000        201,021   

4.375%, 11/15/65

    875,000        866,997   

Union Pacific Railroad Co. Pass-Through Trust
3.227%, 05/14/26

    1,779,605        1,812,278   
   

 

 

 
      21,234,821   
   

 

 

 

Trucking & Leasing—0.2%

  

Aviation Capital Group Corp.
2.875%, 09/17/18 (144A)

    3,355,000        3,368,688   

GATX Corp.
2.600%, 03/30/20

    1,747,000        1,714,936   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.
3.375%, 02/01/22 (144A)

    2,673,000        2,653,891   
   

 

 

 
      7,737,515   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $875,824,833)

      885,200,035   
   

 

 

 
Asset-Backed Securities—8.5%                

Asset-Backed - Automobile—0.0%

   

Chrysler Capital Auto Receivables Trust
0.850%, 05/15/18 (144A)

    377,873        377,706   

Santander Drive Auto Receivables Trust
1.430%, 11/16/18 (144A)

    170,623        170,640   

1.430%, 02/19/19 (144A)

    107,859        107,868   

1.430%, 04/16/19 (144A)

    275,065        275,153   

1.430%, 06/18/19 (144A)

    206,915        206,963   
   

 

 

 
      1,138,330   
   

 

 

 

 

MSF-29


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Credit Card—0.1%

   

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

    1,779,896      $ 1,775,446   

World Financial Network Credit Card Master Trust
4.550%, 08/15/22

    1,600,000        1,650,414   
   

 

 

 
      3,425,860   
   

 

 

 

Asset-Backed - Home Equity—0.6%

   

Bayview Financial Revolving Asset Trust
1.433%, 05/28/39 (144A) (b)

    9,254,664        6,711,521   

Bear Stearns Asset-Backed Securities Trust
0.573%, 11/25/36 (b)

    2,570,052        2,137,922   

0.573%, 12/25/36 (b)

    2,685,030        1,991,729   

1.236%, 01/25/36 (b)

    340,000        315,875   

Citigroup Mortgage Loan Trust, Inc.
0.683%, 08/25/36 (b)

    1,810,000        1,283,454   

Countrywide Asset-Backed Certificates
0.753%, 10/25/36 (b)

    2,645,148        2,197,137   

Countrywide Home Equity Loan Trust
5.842%, 06/25/35

    755,137        739,476   

6.155%, 06/25/35

    472,843        429,340   

Home Equity Mortgage Trust
5.367%, 07/25/36

    974,879        389,640   

Home Loan Mortgage Loan Trust
0.796%, 04/15/36 (b)

    1,332,779        1,163,418   

Mastr Asset Backed Securities Trust
0.713%, 05/25/37 (b)

    621,846        410,543   

Morgan Stanley Mortgage Loan Trust
0.653%, 04/25/37 (b)

    10,321,798        4,131,045   
   

 

 

 
      21,901,100   
   

 

 

 

Asset-Backed - Manufactured Housing—0.2%

  

BCMSC Trust
7.575%, 06/15/30 (b)

    1,279,081        602,992   

7.830%, 06/15/30 (b)

    1,187,003        577,555   

8.290%, 06/15/30 (b)

    2,032,885        1,044,641   

Conseco Financial Corp.
6.280%, 09/01/30

    829,588        875,640   

Greenpoint Manufactured Housing
8.290%, 12/15/29 (b)

    440,000        480,290   

9.230%, 12/15/29 (b)

    190,347        160,786   

Lehman ABS Manufactured Housing Contract Trust
6.630%, 04/15/40 (b)

    2,430,000        2,551,197   

Oakwood Mortgage Investors, Inc.
6.930%, 09/15/31 (b)

    349,140        288,375   
   

 

 

 
      6,581,476   
   

 

 

 

Asset-Backed - Other—6.2%

   

ACAS CLO, Ltd.
2.943%, 09/20/23 (144A) (b)

    2,290,000        2,250,481   

Adirondack Park CLO, Ltd.
2.622%, 04/15/24 (144A) (b)

    500,000        490,293   

ALM, Ltd.
2.051%, 07/28/26 (144A) (b)

    2,690,000        2,670,371   
Asset-Backed - Other—(Continued)  

ALM, Ltd.
2.469%, 04/24/24 (144A) (b)

    2,648,000      2,609,028   

2.770%, 10/18/27 (144A) (b)

    900,000        891,524   

American Homes 4 Rent
1.441%, 06/17/31 (144A) (b)

    507,630        497,709   

American Money Management Corp.
1.000%, 01/15/22 (b)

    1,060,000        1,060,000   

AMMC CLO, Ltd.
2.787%, 11/15/27 (144A) (b)

    620,000        612,313   

Anchorage Capital CLO, Ltd.
2.372%, 07/13/25 (144A) (b)

    550,000        532,040   

Apidos CLO
1.722%, 04/15/25 (144A) (b)

    3,204,000        3,157,475   

2.010%, 01/17/23 (144A) (b)

    1,890,000        1,874,821   

2.472%, 07/15/23 (144A) (b)

    2,065,000        1,981,345   

AVANT Loans Funding Trust
4.000%, 08/16/21 (144A)

    1,437,983        1,416,413   

B2R Mortgage Trust
2.524%, 05/15/48 (144A)

    669,728        650,450   

3.336%, 11/15/48 (144A)

    1,298,222        1,325,760   

Battalion CLO, Ltd.
2.021%, 10/22/25 (144A) (b)

    5,205,000        5,154,871   

Bayview Opportunity Master Fund Trust
3.623%, 04/28/30 (144A)

    656,293        655,090   

3.721%, 02/28/35 (144A) (b)

    595,616        595,293   

3.844%, 11/28/29 (144A)

    1,264,066        1,258,933   

Benefit Street Partners CLO, Ltd.
1.822%, 07/15/24 (144A) (b)

    2,240,000        2,198,665   

2.573%, 01/20/28 (144A) (b)

    2,010,000        1,960,005   

Carlyle Global Market Strategies CLO, Ltd.
2.014%, 01/20/25 (144A) (b)

    7,485,000        7,451,594   

Carrington Mortgage Loan Trust
0.553%, 10/25/36 (b)

    652,664        336,528   

0.583%, 06/25/37 (b)

    785,456        702,046   

0.653%, 12/25/36 (b)

    730,000        382,008   

0.673%, 08/25/36 (b)

    4,800,000        2,647,184   

Chase Funding Trust
6.333%, 04/25/32

    638,554        648,870   

CIFC Funding, Ltd.
1.587%, 01/19/23 (144A) (b)

    2,641,352        2,641,352   

2.105%, 05/24/26 (144A) (b)

    2,780,000        2,756,528   

2.200%, 01/17/27 (144A) (b)

    1,965,000        1,951,375   

2.486%, 11/27/24 (144A) (b)

    1,270,000        1,234,362   

Colony American Homes
1.641%, 07/17/32 (144A) (b)

    1,697,387        1,658,858   

Countrywide Asset-Backed Certificates
0.593%, 01/25/46 (b)

    4,856,484        4,365,979   

0.653%, 12/25/25 (b)

    126,680        449,821   

Countrywide Revolving Home Equity Loan Resecuritization Trust
0.727%, 12/15/33 (144A) (b)

    1,070,041        887,365   

Countrywide Revolving Home Equity loan Trust
0.616%, 05/15/35 (b)

    912,430        751,963   

Credit Suisse Mortgage Capital Certificates
3.500%, 02/25/55 (144A)

    1,963,720        1,900,611   

 

MSF-30


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  
Asset-Backed - Other—(Continued)  

CT CDO, Ltd.
0.742%, 10/20/43 (144A) (b)

    630,783      $ 629,383   

DCP Rights LLC
5.463%, 10/25/44 (144A)

    6,960,988        7,023,386   

Dryden Senior Loan Fund
1.718%, 08/15/25 (144A) (b)

    1,035,000        1,018,828   

2.002%, 01/15/25 (144A) (b)

    660,000        656,152   

First Franklin Mortgage Loan Trust
0.643%, 12/25/36 (b)

    12,426,273        7,371,175   

Fraser Sullivan CLO, Ltd.
3.124%, 04/20/23 (144A) (b)

    1,150,000        1,099,927   

GFT Mortgage Loan Trust
3.721%, 01/25/55 (144A)

    1,477,086        1,455,244   

GT Loan Financing, Ltd.
1.891%, 10/28/24 (144A) (b)

    5,670,000        5,622,094   

Highbridge Loan Management, Ltd.
2.531%, 09/20/22 (144A) (b)

    1,720,000        1,698,698   

Invitation Homes Trust
1.541%, 09/17/31 (144A) (b)

    2,840,864        2,781,520   

1.741%, 08/17/32 (144A) (b)

    2,086,350        2,055,578   

KKR Financial CLO, Ltd.
1.772%, 07/15/25 (144A) (b)

    4,895,000        4,793,957   

Knollwood CDO, Ltd.
3.820%, 01/10/39 (144A) (b) (i)

    794,471        8   

Long Beach Mortgage Loan Trust
0.593%, 11/25/36 (b)

    3,267,515        1,292,912   

0.623%, 03/25/46 (b)

    1,699,767        646,229   

0.653%, 02/25/36 (b)

    3,062,753        2,410,818   

0.653%, 11/25/36 (b)

    961,476        385,300   

Merrill Lynch First Franklin Mortgage Loan Trust
0.673%, 05/25/37 (b)

    12,922,634        6,838,364   

Northwoods Capital, Ltd.
2.040%, 01/18/24 (144A) (b)

    5,070,000        5,014,468   

Oaktree EIF, Ltd.
2.917%, 11/15/25 (144A) (b)

    1,195,000        1,147,017   

OCP CLO, Ltd.
2.151%, 04/17/27 (144A) (b)

    280,000        275,578   

Octagon Investment Partners, Ltd.
1.740%, 07/17/25 (144A) (b)

    5,600,000        5,506,810   

OHA Credit Partners, Ltd.
1.744%, 04/20/25 (144A) (b)

    590,000        582,675   

OHA Loan Funding, Ltd.
1.888%, 08/23/24 (144A) (b)

    5,670,000        5,624,957   

OneMain Financial Issuance Trust
2.430%, 06/18/24 (144A)

    6,376,000        6,359,985   

4.320%, 07/18/25 (144A) (i)

    3,000,000        2,782,670   

5.640%, 07/18/25 (144A) (i)

    1,490,000        1,373,908   

OZLM Funding, Ltd.
1.771%, 07/22/25 (144A) (b)

    9,625,000        9,505,910   

2.096%, 10/30/23 (144A) (b)

    5,275,000        5,256,021   

PFS Tax Lien Trust
1.440%, 05/15/29 (144A)

    2,644,488        2,636,260   

Pretium Mortgage Credit Partners LLC
4.375%, 11/27/30 (144A)

    2,133,111        2,128,167   

Progress Residential Trust
2.740%, 06/12/32 (144A)

    1,129,515        1,128,750   

6.643%, 11/12/32 (144A)

    250,000        238,564   
Asset-Backed - Other—(Continued)  

Race Point CLO, Ltd.
1.868%, 02/20/25 (144A) (b)

    1,635,000      1,620,303   

3.187%, 12/15/22 (144A) (b)

    490,000        475,942   

RCO Mortgage LLC
3.936%, 11/25/45 (144A) (b)

    1,283,610        1,279,011   

RMAT LLC
3.967%, 05/26/20 (144A)

    1,633,329        1,617,114   

SG Mortgage Securities Trust
0.643%, 10/25/36 (b)

    570,000        325,221   

Silvermore CLO, Ltd.
2.068%, 05/15/26 (144A) (b)

    6,520,000        6,359,556   

Sound Point CLO, Ltd.
1.994%, 01/21/26 (144A) (b)

    2,185,000        2,152,590   

Springleaf Funding Trust
3.620%, 11/15/24 (144A)

    2,062,000        1,958,704   

Sunset Mortgage Loan Co. LLC
3.721%, 11/16/44 (144A)

    1,380,716        1,373,122   

SWAY Residential Trust
1.741%, 01/17/32 (144A) (b)

    6,082,613        5,981,852   

Symphony CLO, Ltd.
1.922%, 10/15/25 (144A) (b)

    8,810,000        8,723,900   

2.820%, 10/17/26 (144A) (b)

    6,170,000        6,051,542   

TICP CLO, Ltd.
2.974%, 01/20/27 (144A) (b)

    340,000        323,309   

Tricon American Homes Trust
1.691%, 05/17/32 (144A) (b)

    770,000        750,161   

U.S. Residential Opportunity Fund Trust
3.721%, 02/27/35 (144A)

    1,267,014        1,257,474   

3.721%, 01/27/35 (144A)

    4,530,375        4,492,752   

Venture CLO, Ltd.
2.222%, 01/15/27 (144A) (b)

    1,715,000        1,702,287   

Voya CLO, Ltd.
1.769%, 04/25/25 (144A) (b)

    1,780,000        1,746,669   

2.012%, 10/15/23 (144A) (b)

    1,180,000        1,169,172   

2.070%, 01/18/26 (144A) (b)

    3,140,000        3,109,263   

2.572%, 10/15/22 (144A) (b)

    1,670,000        1,655,030   

WestVue Mortgage Loan Trust
4.500%, 09/25/20 (144A)

    1,050,644        1,045,985   

Ziggurat CLO, Ltd.
2.200%, 10/17/26 (144A) (b)

    12,105,000        11,904,360   
   

 

 

 
      229,025,956   
   

 

 

 

Asset-Backed - Student Loan—1.4%

   

Navient Private Education Loan Trust
2.136%, 11/15/30 (144A) (b)

    1,733,000        1,632,944   

2.186%, 10/17/44 (144A) (b)

    4,595,000        4,189,776   

3.500%, 12/16/58 (144A)

    970,000        817,081   

Scholar Funding Trust
1.083%, 01/30/45 (144A) (b)

    8,624,601        8,102,349   

1.521%, 10/28/43 (144A) (b)

    1,205,317        1,149,858   

SLM Private Credit Student Loan Trust
0.804%, 03/15/23 (b)

    616,284        606,305   

0.834%, 06/15/21 (b)

    1,814,233        1,800,373   

0.964%, 03/15/24 (b)

    4,800,000        4,382,119   

SLM Private Education Loan Trust
1.286%, 02/15/22 (144A) (b)

    1,472,292        1,468,961   

 

MSF-31


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  
Asset-Backed - Student Loan—(Continued)  

SLM Private Education Loan Trust
1.836%, 10/15/31 (144A) (b)

    3,740,000      $ 3,720,625   

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

    13,965,000        13,685,587   

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

    720,000        695,927   

2.686%, 06/16/42 (144A) (b)

    3,271,000        3,324,910   

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

    970,000        950,806   

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

    500,000        509,503   

SMB Private Education Loan Trust
1.636%, 07/15/27 (144A) (b)

    930,000        904,277   

2.186%, 05/17/32 (144A) (b)

    3,490,000        3,315,228   

3.500%, 12/17/40 (144A)

    2,090,000        1,978,024   
   

 

 

 
      53,234,653   
   

 

 

 

Total Asset-Backed Securities
(Cost $317,789,632)

      315,307,375   
   

 

 

 
Mortgage-Backed Securities—7.8%   

Collateralized Mortgage Obligations—3.0%

  

Adjustable Rate Mortgage Trust
3.198%, 03/25/36 (b)

    1,801,332        1,296,332   

American Home Mortgage Assets Trust
1.271%, 11/25/46 (b)

    365,291        172,261   

1.291%, 10/25/46 (b)

    719,195        499,882   

Angel Oak Mortgage Trust LLC
4.500%, 11/25/45

    887,756        892,901   

Banc of America Alternative Loan Trust
5.500%, 10/25/35

    2,185,971        1,964,190   

Bear Stearns Asset-Backed Securities Trust
6.250%, 12/25/35

    3,486,764        3,347,950   

6.250%, 02/25/36

    4,110,791        3,151,401   

Bear Stearns Mortgage Funding Trust
0.593%, 01/25/37 (b)

    833,912        618,894   

COLT Funding LLC
3.433%, 12/26/45 (144A) (b)

    1,489,796        1,475,066   

Countrywide Alternative Loan Trust
0.573%, 04/25/47 (b)

    1,175,619        975,469   

0.573%, 05/25/47 (b)

    4,794,624        3,736,943   

0.622%, 03/20/47 (b)

    2,926,914        2,070,404   

0.623%, 10/25/46 (b)

    2,047,900        1,771,295   

0.632%, 07/20/46 (b)

    4,636,215        3,169,238   

0.643%, 07/25/46 (b)

    2,512,177        2,068,946   

0.733%, 01/25/36 (b)

    970,270        792,067   

2.081%, 11/25/46 (b)

    4,916,920        4,077,761   

5.500%, 04/25/37

    1,345,528        1,105,622   

6.000%, 02/25/36

    1,711,556        1,416,984   

6.000%, 05/25/37

    4,549,929        3,469,253   

6.500%, 09/25/37

    10,830,217        8,228,165   

Countrywide Home Loan Mortgage Pass-Through Trust
1.311%, 04/25/46 (b)

    5,525,634        3,056,625   

Credit Suisse Mortgage Capital Certificates
0.616%, 03/27/36 (144A) (b)

    3,084,920        1,799,222   

0.686%, 02/27/36 (144A) (b)

    895,000        696,825   

2.600%, 03/27/37 (144A) (b)

    837,103        823,648   

2.760%, 08/27/46 (144A) (b)

    3,555,173        3,480,148   
Collateralized Mortgage Obligations—(Continued)  

CSMC
4.750%, 07/27/37 (144A) (b)

    1,419,933      1,408,218   

Deutsche ALT-A Securities Mortgage Loan Trust
0.583%, 12/25/36 (b)

    4,402,603        3,579,866   

Deutsche ALT-A Securities, Inc. Alternate Loan Trust
0.933%, 01/27/37 (144A) (b)

    606,293        1,266,328   

Fannie Mae Connecticut Avenue Securities
5.683%, 10/25/23 (b)

    7,415,000        7,687,785   

GreenPoint Mortgage Funding Trust
2.351%, 03/25/36 (b)

    272,751        209,211   

GSR Mortgage Loan Trust
6.000%, 07/25/37

    1,408,438        1,265,273   

JPMorgan Alternative Loan Trust
0.643%, 03/25/37 (b)

    1,966,881        1,321,915   

2.865%, 05/25/37 (b)

    525,798        428,588   

JPMorgan Mortgage Trust
6.500%, 08/25/36

    495,784        416,875   

Litigation Fee Residual Funding LLC
3.500%, 10/30/27

    4,250,000        4,236,719   

LSTAR Securities Investment Trust
2.426%, 01/01/20 (144A) (b)

    1,696,942        1,671,800   

2.426%, 11/01/20 (144A) (b)

    1,581,532        1,541,994   

2.432%, 03/01/21 (b)

    5,960,000        5,754,976   

2.439%, 03/01/20 (144A) (b)

    2,517,889        2,460,053   

3.539%, 09/01/21 (144A) (b)

    8,315,974        8,232,814   

3.926%, 11/01/20 (144A) (b)

    350,000        336,875   

MASTR Resecuritization Trust
0.871%, 08/25/37 (144A) (b)

    1,879,086        1,275,500   

Merrill Lynch Mortgage Investors Trust
2.907%, 05/25/36 (b)

    2,729,050        2,179,017   

Morgan Stanley Resecuritization Trust
0.603%, 11/26/33 (144A) (b)

    1,989,990        1,832,587   

1.072%, 06/26/47 (b)

    565,956        505,546   

Residential Accredit Loans, Inc. Trust
0.593%, 02/25/37 (b)

    480,766        385,869   

0.623%, 07/25/37 (b)

    1,223,613        954,393   

Structured Adjustable Rate Mortgage Loan Trust
2.811%, 04/25/47 (b)

    1,943,587        1,487,338   

Structured Asset Mortgage Investments Trust
0.623%, 06/25/36 (b)

    1,270,291        985,863   

0.663%, 02/25/36 (b)

    3,555,659        2,709,166   

Wells Fargo Mortgage-Backed Securities Trust
2.797%, 07/25/36 (b)

    753,463        737,870   
   

 

 

 
      111,029,931   
   

 

 

 

Commercial Mortgage-Backed Securities—4.8%

  

Banc of America Commercial Mortgage Trust
5.451%, 01/15/49

    996,698        1,018,466   

5.482%, 01/15/49 (b)

    630,000        636,839   

5.543%, 06/10/49 (b)

    7,812,922        7,997,467   

5.772%, 02/10/51 (b)

    2,590,000        2,672,308   

Bayview Commercial Asset Trust
0.733%, 10/25/36 (144A) (b)

    388,944        306,807   

3.183%, 07/25/38 (144A) (b)

    1,253,874        1,264,764   

 

MSF-32


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  
Commercial Mortgage-Backed Securities—(Continued)  

BB-UBS Trust
0.596%, 11/05/36 (144A) (b) (c)

    85,480,000      $ 4,001,635   

Bear Stearns Commercial Mortgage Securities Trust
5.317%, 02/11/44

    5,436,832        5,556,635   

5.721%, 06/11/40 (b)

    1,281,000        1,319,060   

BHMS Mortgage Trust
1.941%, 07/05/33 (144A) (b)

    2,695,000        2,681,104   

Carefree Portfolio Trust
3.686%, 11/15/19 (144A) (b)

    2,215,000        2,189,964   

CD Mortgage Trust
6.119%, 11/15/44 (b)

    2,530,500        2,662,682   

CDGJ Commercial Mortgage Trust
1.836%, 12/15/27 (144A) (b)

    3,848,144        3,819,163   

CGGS Commerical Mortgage Trust
3.800%, 02/15/33 (b)

    1,710,000        1,710,005   

4.700%, 02/15/33 (b)

    1,100,000        1,100,003   

Citigroup Commercial Mortgage Trust
1.186%, 06/15/33 (144A) (b)

    5,275,000        5,163,834   

3.518%, 05/10/35 (144A) (b)

    130,000        117,089   

COBALT CMBS Commercial Mortgage Trust
5.762%, 05/15/46 (b)

    4,494,000        4,621,275   

Commercial Mortgage Pass-Through Certificates Mortgage Trust
0.060%, 02/10/35 (144A) (b) (c)

    60,958,000        484,007   

1.494%, 03/10/46 (b) (c)

    38,152,238        1,831,140   

1.733%, 01/10/46 (b) (c)

    36,785,844        2,408,454   

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

    4,845,000        5,048,260   

3.938%, 06/11/27 (144A) (b)

    875,000        864,940   

4.436%, 10/15/31 (144A) (b)

    2,845,000        2,577,840   

4.547%, 08/10/48 (b)

    760,000        692,950   

4.738%, 07/15/47 (b)

    1,280,000        1,264,263   

5.543%, 12/11/49 (144A) (b)

    2,690,000        2,749,701   

Core Industrial Trust
3.077%, 02/10/34 (144A)

    1,990,000        2,040,527   

Credit Suisse Commercial Mortgage Trust
5.448%, 01/15/49 (b)

    5,729        5,723   

Credit Suisse First Boston Mortgage Securities Corp.
4.771%, 07/15/37

    14,862        14,853   

CSAIL Commercial Mortgage Trust
3.801%, 04/15/50 (144A) (b)

    360,000        271,020   

4.111%, 08/15/48 (b)

    280,000        280,925   

4.362%, 08/15/48 (b)

    840,000        742,994   

DBRR Trust
1.636%, 12/18/49 (144A) (b)

    1,583,847        1,581,123   

5.703%, 06/17/49 (144A) (b)

    3,160,000        3,239,828   

Extended Stay America Trust
2.675%, 12/05/31 (144A)

    3,210,000        3,200,443   

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

    4,640,000        4,650,460   

GAHR Commercial Mortgage Trust
3.382%, 12/15/19 (144A) (b)

    5,307,000        4,859,351   

Greenwich Capital Commercial Mortgage Trust
5.867%, 12/10/49 (b)

    520,000        534,677   

GS Mortgage Securities Corp. II
1.611%, 02/10/46 (b) (c)

    75,299,837        6,052,375   

3.435%, 12/10/27 (144A) (b)

    7,062,358        6,739,887   
Commercial Mortgage-Backed Securities—(Continued)  

Hilton USA Trust
Zero Coupon, 11/05/30 (144A) (b) (c)

    64,000,000      640   

5.222%, 11/05/30 (144A) (b)

    1,472,000        1,480,661   

JPMBB Commercial Mortgage Securities Trust
1.203%, 10/15/48 (b) (c)

    5,092,145        347,428   

4.561%, 09/15/47 (144A) (b)

    420,000        327,596   

JPMorgan Chase Commercial Mortgage Securities Corp.
2.324%, 12/15/47 (b) (c)

    9,436,406        701,575   

JPMorgan Chase Commercial Mortgage Securities Trust
0.583%, 04/15/46 (b) (c)

    4,900,000        169,095   

1.686%, 01/15/32 (144A) (b)

    330,000        325,028   

1.836%, 11/15/31 (144A) (b)

    3,107,409        3,108,991   

1.938%, 02/12/51 (b)

    1,270,672        1,222,568   

3.429%, 06/10/27 (144A)

    1,140,000        1,181,735   

3.736%, 01/15/32 (144A) (b)

    880,000        856,805   

3.958%, 04/15/46 (b)

    2,230,000        2,135,207   

4.243%, 01/15/49 (b)

    970,000        861,498   

4.743%, 01/15/49 (b)

    320,000        308,727   

5.431%, 06/12/47 (b)

    11,069,340        11,256,313   

5.464%, 01/15/49 (b)

    110,000        109,102   

5.593%, 05/12/45

    1,866,000        1,876,334   

6.075%, 02/12/51 (b)

    117,000        113,816   

LB-UBS Commercial Mortgage Trust
5.484%, 02/15/40

    480,000        479,019   

Merrill Lynch Mortgage Trust
5.838%, 06/12/50 (b)

    2,854,333        2,933,214   

ML-CFC Commercial Mortgage Trust
5.204%, 12/12/49

    970,000        986,487   

5.738%, 06/12/50 (b)

    1,587,989        1,639,873   

Morgan Stanley Bank of America Merrill Lynch Trust
1.164%, 11/15/46 (b) (c)

    26,516,202        1,578,960   

3.060%, 10/15/48 (144A)

    660,000        430,709   

3.068%, 10/15/48

    1,300,000        838,676   

4.529%, 10/15/48 (b)

    2,340,000        2,192,878   

Morgan Stanley Capital Trust
0.608%, 02/12/44 (b)

    720,000        700,510   

3.186%, 08/15/26 (144A) (b)

    300,000        299,406   

5.406%, 03/15/44

    3,090,000        3,186,885   

5.715%, 04/12/49 (b)

    2,375,000        2,392,575   

Morgan Stanley Re-REMIC Trust
Zero Coupon, 03/23/51 (144A) (j)

    363,708        348,432   

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

    1,602,299        1,590,282   

5.794%, 08/15/45 (144A) (b)

    1,560,000        1,611,035   

RBSCF Trust
5.946%, 02/16/51 (144A) (b)

    8,410,045        8,491,317   

SCG Trust
1.836%, 11/15/26 (144A) (b)

    5,285,000        5,252,484   

2.386%, 11/15/26 (144A) (b)

    3,290,000        3,273,659   

STRIPs, Ltd.
0.500%, 12/25/44 (144A)

    2,370,000        2,377,781   

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

    1,570,486        1,558,708   

UBS-Barclays Commercial Mortgage Trust
3.636%, 02/15/28 (144A) (b)

    950,000        897,056   

 

MSF-33


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  
Commercial Mortgage-Backed Securities—(Continued)  

VFC LLC
2.750%, 07/20/30 (144A)

    155,951      $ 155,724   

Wachovia Bank Commercial Mortgage Trust
5.339%, 11/15/48

    945,000        956,496   

5.632%, 10/15/48 (b)

    341,000        333,076   

5.672%, 10/15/48 (b)

    50,000        48,728   

5.946%, 02/15/51 (b)

    303,398        298,876   

Wells Fargo Commercial Mortgage Trust
0.999%, 02/15/48 (b) (c)

    8,858,782        578,384   

3.852%, 11/15/48

    1,600,000        1,112,916   

Wells Fargo Resecuritization Trust
1.750%, 08/20/21 (144A)

    481,445        481,445   

WF-RBS Commercial Mortgage Trust
0.980%, 11/15/47 (b) (c)

    25,731,045        1,467,189   

1.202%, 05/15/47 (b) (c)

    12,053,552        743,916   

1.407%, 03/15/48 (144A) (b) (c)

    41,908,617        2,688,773   
   

 

 

 
      179,283,429   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $306,748,083)

      290,313,360   
   

 

 

 
Foreign Government—3.4%   

Sovereign—3.4%

  

Brazilian Government International Bonds
2.625%, 01/05/23

    1,299,000        1,113,892   

5.625%, 01/07/41

    468,000        403,650   

6.000%, 04/07/26 (f)

    2,713,000        2,753,695   

Colombia Government International Bonds
4.000%, 02/26/24 (f)

    5,175,000        5,200,875   

Deutsche Bundesrepublik Inflation Linked Bonds
0.100%, 04/15/26 (EUR) (k)

    16,006,354        19,893,561   

Hellenic Republic Government Bonds
3.000%, 02/24/23 (EUR) (l)

    110,739        90,747   

3.000%, 02/24/24 (EUR) (l)

    110,739        88,897   

3.000%, 02/24/25 (EUR) (l)

    110,739        87,020   

3.000%, 02/24/26 (EUR) (l)

    110,739        85,026   

3.000%, 02/24/27 (EUR) (l)

    110,739        82,898   

3.000%, 02/24/28 (EUR) (l)

    110,739        81,087   

3.000%, 02/24/29 (EUR) (l)

    110,739        79,369   

3.000%, 02/24/30 (EUR) (l)

    110,739        77,851   

3.000%, 02/24/31 (EUR) (l)

    110,739        76,735   

3.000%, 02/24/32 (EUR) (l)

    110,739        75,435   

3.000%, 02/24/33 (EUR) (l)

    110,739        73,612   

3.000%, 02/24/34 (EUR) (l)

    110,739        72,189   

3.000%, 02/24/35 (EUR) (l)

    110,739        72,011   

3.000%, 02/24/36 (EUR) (l)

    110,739        70,776   

3.000%, 02/24/37 (EUR) (l)

    110,739        69,739   

3.000%, 02/24/38 (EUR) (l)

    110,739        70,487   

3.000%, 02/24/39 (EUR) (l)

    110,739        70,371   

3.000%, 02/24/40 (EUR) (l)

    110,739        70,578   

3.000%, 02/24/41 (EUR) (l)

    110,739        70,268   

3.000%, 02/24/42 (EUR) (l)

    110,739        70,510   

Indonesia Government International Bonds
3.375%, 04/15/23 (144A)

    2,016,000        1,969,515   

Sovereign—(Continued)

  

Indonesia Government International Bonds
4.750%, 01/08/26 (144A)

    2,428,000      2,547,232   

5.125%, 01/15/45

    499,000        496,310   

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

    1,350,000        1,480,965   

5.875%, 01/15/24 (144A) (f)

    3,964,000        4,451,604   

5.950%, 01/08/46

    499,000        553,041   

6.625%, 02/17/37

    593,000        687,474   

6.750%, 01/15/44

    499,000        603,154   

Indonesia Treasury Bonds
6.625%, 05/15/33 (IDR)

    10,707,000,000        684,247   

8.250%, 05/15/36 (IDR)

    16,298,000,000        1,235,084   

8.375%, 03/15/24 (IDR)

    20,667,000,000        1,613,694   

8.375%, 03/15/34 (IDR)

    58,310,000,000        4,442,686   

8.750%, 05/15/31 (IDR)

    10,333,000,000        816,541   

9.000%, 03/15/29 (IDR)

    12,157,000,000        972,881   

Mexican Bonos
4.750%, 06/14/18 (MXN)

    112,503,200        6,548,174   

5.750%, 03/05/26 (MXN)

    36,000,000        2,052,384   

6.500%, 06/09/22 (MXN)

    18,650,000        1,131,308   

7.750%, 05/29/31 (MXN)

    36,000,000        2,349,427   

7.750%, 11/13/42 (MXN)

    43,500,000        2,835,072   

8.000%, 12/07/23 (MXN)

    81,000,000        5,333,108   

10.000%, 12/05/24 (MXN)

    74,600,000        5,543,068   

Mexican Udibonos
3.500%, 12/14/17 (MXN) (k)

    19,789,726        1,187,992   

Mexico Government International Bonds
4.000%, 10/02/23

    18,880,000        19,776,800   

Peruvian Government International Bonds
7.350%, 07/21/25 (f)

    2,900,000        3,813,500   

Russian Federal Bond - OFZ
7.000%, 08/16/23 (RUB)

    19,050,000        254,624   

Slovenia Government Bonds
4.625%, 09/09/24 (EUR)

    1,705,000        2,478,231   

Slovenia Government International Bonds
4.125%, 02/18/19 (144A)

    2,015,000        2,124,213   

5.250%, 02/18/24 (144A)

    1,493,000        1,672,160   

5.500%, 10/26/22 (144A)

    2,338,000        2,644,432   

Turkey Government International Bonds
5.750%, 03/22/24

    10,500,000        11,388,300   
   

 

 

 

Total Foreign Government
(Cost $122,100,895)

      124,588,500   
   

 

 

 
Municipals—3.1%   

Arizona Health Facilities Authority
1.220%, 01/01/37 (b)

    1,140,000        1,021,326   

Atlanta GA Water & Wastewater Revenue
5.000%, 11/01/33

    905,000        1,085,176   

Bay Area Toll Bridge Authority, Build America Bonds
6.918%, 04/01/40

    1,280,000        1,813,978   

Series S1
7.043%, 04/01/50

    460,000        681,209   

California State Public Works Board
8.361%, 10/01/34

    760,000        1,131,214   

 

MSF-34


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Municipals—(Continued)

 

Security Description   Principal
Amount*
    Value  

Charleston SC Waterworks & Sewer System Revenue
5.000%, 01/01/45

    645,000      $ 758,668   

City of Seattle, WA Municipal Light & Power Revenue
Series B
5.000%, 04/01/23

    650,000        799,442   

5.000%, 04/01/24

    630,000        786,826   

5.000%, 04/01/25

    580,000        733,949   

Clark County School District
5.000%, 06/15/26

    675,000        841,847   

5.000%, 06/15/27

    675,000        834,523   

5.000%, 06/15/28

    720,000        883,130   

Delaware Transportation Authority
5.000%, 06/01/55

    570,000        650,359   

District of Columbia Water & Sewer Authority Public Utility Revenue
Series A
5.000%, 10/01/35

    515,000        619,097   

5.000%, 10/01/36

    1,055,000        1,263,141   

Golden State Tobacco Securitization Corp.
5.000%, 06/01/40

    350,000        406,882   

Grant County Public Utility District No. 2
4.584%, 01/01/40

    315,000        330,300   

Hawaii State, General Obligation Unlimited
5.000%, 04/01/19

    665,000        743,729   

5.000%, 04/01/20

    665,000        765,322   

5.000%, 04/01/21

    665,000        785,013   

5.000%, 04/01/22

    665,000        802,362   

5.000%, 04/01/23

    665,000        816,879   

Las Vegas Valley, NV Water District, General Obligation, Ltd.
5.000%, 06/01/41

    1,020,000        1,203,243   

Los Angeles Community College District
6.600%, 08/01/42

    1,480,000        2,118,442   

Los Angeles Department of Water & Power Revenue, Build America Bonds
6.603%, 07/01/50

    565,000        814,702   

Los Angeles, Unified School District, Build America Bonds
6.758%, 07/01/34

    640,000        885,306   

Massachusetts Development Finance Agency
5.000%, 07/01/44

    2,685,000        2,955,890   

Massachusetts Educational Financing Authority
5.000%, 01/01/22

    1,000,000        1,129,990   

Massachusetts State Clean Water Trust Revenue
5.000%, 02/01/25

    585,000        746,928   

5.000%, 02/01/26

    685,000        886,520   

5.000%, 02/01/27

    555,000        710,772   

5.000%, 02/01/28

    500,000        636,730   

Metropolitan Government of Nashville & Davidson County, Health & Educational Facilities Board
5.000%, 07/01/40

    375,000        432,143   

5.000%, 07/01/46

    795,000        910,943   

Metropolitan Transportation Authority Build America Bonds
6.668%, 11/15/39

    170,000        231,093   

Metropolitan Transportation Authority Build America Bonds

   

6.687%, 11/15/40

    590,000      814,920   

6.814%, 11/15/40

    1,005,000        1,402,789   

Metropolitan Washington Airports Authority Dulles Toll Road Revenue
7.462%, 10/01/46

    560,000        788,234   

Miami-Dade County, FL Aviation Revenue
5.000%, 10/01/38

    1,025,000        1,164,174   

Miami-Dade County, FL Educational Facilities Authority
5.073%, 04/01/50

    655,000        733,738   

Municipal Electric Authority of Georgia, Build America Bonds
6.637%, 04/01/57

    1,000,000        1,245,270   

New Jersey State Educational Facility Authority Revenue
5.000%, 07/01/23

    780,000        974,477   

New Jersey State Turnpike Authority, Build America Bonds
7.414%, 01/01/40

    1,451,000        2,186,367   

New Orleans Aviation Board
5.000%, 01/01/40

    695,000        775,085   

New York City Transitional Finance Authority Building Aid Revenue
5.000%, 07/15/36

    560,000        662,032   

New York City Water & Sewer System
5.375%, 06/15/43

    2,360,000        2,753,152   

5.500%, 06/15/43

    2,825,000        3,318,471   

5.750%, 06/15/41

    675,000        896,582   

5.882%, 06/15/44

    1,150,000        1,568,795   

New York State Dormitory Authority Build America Bonds
5.389%, 03/15/40

    1,075,000        1,346,609   

New York State Thruway Authority
5.000%, 01/01/31

    730,000        869,284   

Series A
5.000%, 05/01/19

    690,000        771,958   

New York State Urban Development Corp.
5.000%, 03/15/24

    1,260,000        1,566,709   

5.000%, 03/15/25

    850,000        1,067,387   

5.000%, 03/15/26

    1,505,000        1,916,542   

5.000%, 03/15/27

    505,000        636,330   

5.000%, 03/15/28

    1,105,000        1,384,466   

5.000%, 03/15/44

    965,000        1,110,811   

North Carolina Department of Transportation
5.000%, 06/30/54

    1,000,000        1,066,970   

North Carolina State Medical Care Commission
5.000%, 06/01/40

    340,000        387,644   

Orange County Local Transportation Authority
6.908%, 02/15/41

    1,420,000        1,988,057   

Orange County Sanitation District
5.000%, 02/01/35

    590,000        719,458   

5.000%, 02/01/36

    655,000        795,537   

Series A
5.000%, 02/01/34

    500,000        603,390   

 

MSF-35


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Municipals—(Continued)

 

Security Description  

Principal
Amount*

    Value  

Pennsylvania Economic Development Financing Authority
5.000%, 12/31/38

    1,000,000      $ 1,116,200   

Port Authority of New York & New Jersey
4.960%, 08/01/46

    1,910,000        2,226,888   

Regents of the University of California Medical Center Pooled Revenue
6.583%, 05/15/49

    1,455,000        1,971,889   

Sacramento County, CA, Airport System Revenue
5.250%, 07/01/39

    500,000        537,215   

San Antonio Service Board, Build America Bonds
5.808%, 02/01/41

    470,000        604,326   

San Jose CA, Airport Revenue
5.000%, 03/01/37

    860,000        886,720   

State of California General Obligation Unlimited, Build America Bonds
4.988%, 04/01/39

    790,000        844,787   

7.500%, 04/01/34

    1,125,000        1,644,525   

7.550%, 04/01/39

    1,375,000        2,105,180   

7.600%, 11/01/40

    3,780,000        5,877,182   

State of Illinois, Build America Bonds
5.100%, 06/01/33

    4,320,000        4,039,848   

State of Massachusetts
5.000%, 07/01/22

    600,000        731,004   

5.000%, 07/01/29

    490,000        617,199   

State of North Carolina
Series B
5.000%, 06/01/25

    2,505,000        3,230,097   

Series A
5.000%, 06/01/26

    1,500,000        1,961,505   

State of Ohio
5.000%, 12/15/23

    1,180,000        1,474,186   

5.000%, 12/15/24

    830,000        1,051,253   

Series A
5.000%, 09/15/24

    1,795,000        2,265,559   

5.000%, 09/15/25

    775,000        991,047   

State of Washington General Obligation Unlimited
5.000%, 07/01/28

    650,000        798,012   

State of Wisconsin
5.000%, 05/01/34

    1,500,000        1,812,150   

University of California CA, Revenue
4.858%, 05/15/2112

    980,000        1,005,402   

University of Houston
3.250%, 02/15/19

    690,000        726,087   

Utah Transit Authority Series A
5.000%, 06/15/27

    3,500,000        4,397,820   

Virginia State Public Authority
5.000%, 08/01/25

    440,000        562,188   

5.000%, 08/01/26

    440,000        568,982   

5.000%, 08/01/27

    285,000        365,475   

Westchester County, NY, Local Development Corp., Revenue
5.000%, 11/01/46

    340,000        382,643   

Wisconsin Health & Educational Facilities Authority
5.000%, 08/15/39

    965,000      1,080,761   
   

 

 

 

Total Municipals
(Cost $109,665,727)

      113,608,442   
   

 

 

 
Preferred Stocks—0.4%   

Banks—0.4%

   

Citigroup Capital,
6.988% (b)

    292,339        7,685,592   

GMAC Capital Trust,
6.402% (b)

    250,000        6,127,500   
   

 

 

 
      13,813,092   
   

 

 

 

Diversified Financial Services—0.0%

  

RBS Capital Funding Trust
Series E, 5.900%

    4,782        115,390   

Series G, 6.080%

    4,878        117,657   
   

 

 

 
      233,047   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

Federal Home Loan Mortgage Corp.
Series Z, 8.375% (b) (f)

    70,000        217,000   

Federal National Mortgage Association
Series S, 8.250% (b)

    70,000        212,800   
   

 

 

 
      429,800   
   

 

 

 

Total Preferred Stocks
(Cost $15,035,822)

      14,475,939   
   

 

 

 
Purchased Options—0.1%   

Currency Options—0.1%

  

EUR Put/RUB Call, Strike Price RUB 82.00, Expires 05/17/16 (Counterparty - Deutsche Bank AG) (EUR)

    1,824,000        152,966   

EUR Put/RUB Call, Strike Price RUB 83.00, Expires 04/29/16 (Counterparty - Deutsche Bank AG) (EUR)

    2,031,000        189,739   

EUR Put/USD Call, Strike Price USD 1.05, Expires 04/01/16 (Counterparty - Deutsche Bank AG) (EUR)

    3,575,000        0   

EUR Put/USD Call, Strike Price USD 1.07, Expires 07/22/16 (Counterparty - JPMorgan Chase Bank N.A.) (EUR)

    42,430,000        260,718   

EUR Put/USD Call, Strike Price USD 1.085, Expires 04/01/16 (Counterparty - HSBC Bank plc) (EUR)

    2,383,000        0   

GBP Call/USD Put, Strike Price USD 1.465, Expires 07/22/16 (Counterparty - Deutsche Bank AG) (GBP)

    36,190,000        1,164,304   

 

MSF-36


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Purchased Options—(Continued)

 

Security Description   Notional
Amount*/
Shares
    Value  

Currency Options—(Continued)

  

USD Call/BRL Put, Strike Price BRL 3.75, Expires 04/26/16 (Counterparty - Goldman Sachs & Co.)

    948,000      $ 10,428   

USD Call/BRL Put, Strike Price BRL 3.85, Expires 05/13/16 (Counterparty - Goldman Sachs & Co.)

    1,273,000        14,894   

USD Call/CNH Put, Strike Price CNH 6.62, Expires 05/16/16 (Counterparty - Deutsche Bank AG)

    2,182,000        5,237   

USD Call/CNH Put, Strike Price CNH 6.75, Expires 07/29/16 (Counterparty - HSBC Bank plc)

    51,700,000        367,070   

USD Call/CNH Put, Strike Price CNH 6.75, Expires 12/15/16 (Counterparty - Deutsche Bank AG)

    2,869,000        47,339   

USD Call/KRW Put, Strike Price KRW 1,165.00, Expires 05/19/16 (Counterparty - Deutsche Bank AG)

    1,620,135        16,386   

USD Call/SAR Put, Strike Price SAR 3.778, Expires 08/16/16 (Counterparty - BNP Paribas S.A.)

    20,475,000        79,853   

USD Call/SAR Put, Strike Price SAR 3.778, Expires 08/16/16 (Counterparty - Citibank N.A.)

    20,450,000        79,755   

USD Call/TRY Put, Strike Price TRY 2.90, Expires 04/22/16 (Counterparty - BNP Paribas S.A.)

    1,111,800        3,780   

USD Call/TRY Put, Strike Price TRY 2.95, Expires 04/22/16 (Counterparty - BNP Paribas S.A.)

    1,853,000        2,594   

USD Call/ZAR Put, Strike Price ZAR 17.00, Expires 04/28/16 (Counterparty - Goldman Sachs & Co.)

    1,561,000        1,093   

USD Put/MXN Call, Strike Price MXN 17.30, Expires 04/26/16 (Counterparty - Deutsche Bank AG)

    2,242,000        4,484   

USD Put/MXN Call, Strike Price MXN 18.00, Expires 04/15/16 (Counterparty - Goldman Sachs & Co.)

    1,947,000        81,190   
   

 

 

 
      2,481,830   
   

 

 

 

Options on Exchange-Traded Futures Contracts—0.0%

  

Call - Eurodollar Midcurve 1 Year Futures @ 99.125, Expires 12/16/16

    2,948        1,252,900   
   

 

 

 

Total Purchased Options
(Cost $4,439,704)

      3,734,730   
   

 

 

 
Short-Term Investments—2.1%   

Mutual Fund—1.3%

  

State Street Navigator Securities Lending MET Portfolio (m)

    49,965,346        49,965,346   
   

 

 

 

Repurchase Agreement—0.8%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $29,783,372 on 04/01/16, collateralized by $30,045,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $30,383,006.

    29,783,347      $ 29,783,347   
   

 

 

 

Total Short-Term Investments
(Cost $79,748,693)

      79,748,693   
   

 

 

 

Total Investments—105.2%
(Cost $3,880,869,114) (n)

      3,903,686,382   

Other assets and liabilities (net)—(5.2)%

      (192,026,141
   

 

 

 
Net Assets—100.0%     $ 3,711,660,241   
   

 

 

 

 

* Principal and notional amounts 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, 2016. 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 futures contracts. As of March 31, 2016, the market value of securities pledged was $9,557,336.
(e) All or a portion of the security was pledged as collateral against open swap contracts and open forward foreign currency exchange contracts. As of March 31, 2016, the market value of securities pledged was $315,563.
(f) All or a portion of the security was held on loan. As of March 31, 2016, the market value of securities loaned was $84,399,791 and the collateral received consisted of cash in the amount of $49,965,346 and non-cash collateral with a value of $36,799,840. 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) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(h) Non-income producing; security is in default and/or issuer is in bankruptcy.
(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, 2016, the market value of restricted securities was $4,156,586, which is 0.1% of net assets. See details shown in the Restricted Securities table that follows.
(j) Principal only security.

 

MSF-37


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

(k) Principal amount of security is adjusted for inflation.
(l) Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(m) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(n) As of March 31, 2016, the aggregate cost of investments was $3,880,869,114. The aggregate unrealized appreciation and depreciation of investments were $67,153,672 and $(44,336,404), respectively, resulting in net unrealized appreciation of $22,817,268.
(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, 2016, the market value of 144A securities was $469,004,211, which is 12.6% of net assets.
(ACES)— Alternative Credit Enhancement Securities
(ARM)— Adjustable-Rate Mortgage
(BRL)— Brazilian Real
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(CNH)— Chinese Renminbi
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(KRW)— South Korean Won
(MXN)— Mexican Peso
(REMIC)— Real Estate Mortgage Investment Conduit
(RUB)— Russian Ruble
(SAR)— Saudi Arabian Riyal
(TRY)— Turkish Lira
(ZAR)— South African Rand

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Knollwood CDO, Ltd., 3.820%, 01/10/39

     02/10/04       $ 794,471       $ 794,471       $ 8   

OneMain Financial Issuance Trust, 4.320%, 07/18/25

     05/12/15         3,000,000         2,999,452         2,782,670   

OneMain Financial Issuance Trust, 5.640%, 07/18/25

     05/12/15         1,490,000         1,489,845         1,373,908   
           

 

 

 
            $ 4,156,586   
           

 

 

 

TBA Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     2.500     TBA         (18,272,000   $ (18,726,876   $ (18,757,350

Fannie Mae 15 Yr. Pool

     3.000     TBA         (16,150,000     (16,780,876     (16,869,179

Fannie Mae 15 Yr. Pool

     3.500     TBA         (55,106,000     (58,029,185     (58,192,482

Fannie Mae 15 Yr. Pool

     4.000     TBA         (12,530,000     (13,048,820     (13,055,147

Fannie Mae 30 Yr. Pool

     3.000     TBA         (7,250,000     (7,396,133     (7,421,621

Fannie Mae 30 Yr. Pool

     3.000     TBA         (41,344,500     (42,250,165     (42,410,411

Fannie Mae 30 Yr. Pool

     4.000     TBA         (25,762,000     (27,466,914     (27,525,087

Fannie Mae 30 Yr. Pool

     4.500     TBA         (11,400,000     (12,366,031     (12,390,375

Fannie Mae 30 Yr. Pool

     5.000     TBA         (9,981,000     (11,036,803     (11,041,481

Fannie Mae 30 Yr. Pool

     5.000     TBA         (27,830,000     (30,692,669     (30,756,498

Freddie Mac 30 Yr. Gold Pool

     3.500     TBA         (54,923,000     (57,209,269     (57,491,178

Ginnie Mae I 30 Yr. Pool

     3.500     TBA         (9,297,000     (9,760,397     (9,809,787

Ginnie Mae I 30 Yr. Pool

     4.500     TBA         (3,100,000     (3,357,203     (3,369,797

Ginnie Mae II 30 Yr. Pool

     3.000     TBA         (4,361,000     (4,509,887     (4,517,468

Ginnie Mae II 30 Yr. Pool

     4.000     TBA         (24,740,000     (26,395,331     (26,445,707

Ginnie Mae II 30 Yr. Pool

     5.000     TBA         (1,200,000     (1,299,375     (1,299,937
         

 

 

   

 

 

 

Totals

  

  $ (340,325,934   $ (341,353,505
         

 

 

   

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
AUD     23,710,000      

BNP Paribas S.A.

     06/15/16         USD         18,232,445       $ (117,303
BRL     1,811,060      

BNP Paribas S.A.

     04/04/16         USD         484,759         18,922   
BRL     1,950,185      

BNP Paribas S.A.

     04/04/16         USD         547,974         (5,601
BRL     14,037,904      

Goldman Sachs International

     04/29/16         USD         3,824,000         53,229   
BRL     2,082,092      

Deutsche Bank AG

     05/02/16         USD         568,800         5,806   
CAD     1,914,183      

Citibank N.A.

     04/11/16         USD         1,472,000         1,904   
CLP     597,983,880      

BNP Paribas S.A.

     04/14/16         USD         876,000         15,933   

 

MSF-38


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
CLP     395,408,880      

Credit Suisse International

     04/14/16         USD         584,000       $ 5,779   
CNY     186,028,770      

JPMorgan Chase Bank N.A.

     07/29/16         USD         27,780,000         863,934   
COP     2,241,540,000      

Credit Suisse International

     04/22/16         USD         720,000         26,710   
EUR     1,095,000      

Bank of America N.A.

     04/04/16         USD         1,221,829         24,171   
EUR     1,090,000      

Goldman Sachs International

     04/14/16         USD         1,204,677         36,016   
EUR     1,137,360      

Citibank N.A.

     04/21/16         USD         1,291,982         2,885   
INR     67,535,360      

JPMorgan Chase Bank N.A.

     04/12/16         USD         992,000         26,326   
INR     256,016,800      

JPMorgan Chase Bank N.A.

     04/29/16         USD         3,824,000         24,317   
JPY     25,344,191      

Deutsche Bank AG

     04/18/16         USD         222,900         2,393   
JPY     65,349,830      

Deutsche Bank AG

     04/18/16         USD         574,746         6,169   
JPY     204,823,583      

HSBC Bank plc

     04/18/16         USD         1,819,000         1,741   
JPY     130,966,461      

Morgan Stanley Capital Services, LLC

     04/18/16         USD         1,159,742         4,460   
JPY     132,536,301      

Morgan Stanley Capital Services, LLC

     04/18/16         USD         1,173,612         4,545   
JPY     206,535,844      

Morgan Stanley Capital Services, LLC

     04/18/16         USD         1,819,000         16,962   
MXN     16,639,323      

Deutsche Bank AG

     04/01/16         USD         916,000         47,083   
MXN     32,805,127      

Goldman Sachs International

     04/04/16         USD         1,825,000         73,758   
MXN     18,781,740      

BNP Paribas S.A.

     04/05/16         USD         1,080,000         6,966   
MXN     47,932,988      

Citibank N.A.

     04/06/16         USD         2,776,771         (3,024
MXN     20,594,262      

State Street Bank and Trust

     04/06/16         USD         1,144,373         47,359   
MXN     20,829,460      

JPMorgan Chase Bank N.A.

     04/21/16         USD         1,153,070         50,570   
MXN     52,932,203      

Citibank N.A.

     04/22/16         USD         3,054,844         3,605   
MXN     46,945,702      

BNP Paribas S.A.

     04/28/16         USD         2,700,000         11,142   
MXN     22,038,667      

HSBC Bank plc

     07/06/16         USD         1,221,448         43,706   
MXN     21,347,814      

HSBC Bank plc

     07/20/16         USD         1,181,876         42,095   
PLN     13,514,503      

JPMorgan Chase Bank N.A.

     04/15/16         USD         3,292,807         328,435   
PLN     13,632,866      

Royal Bank of Canada

     04/15/16         USD         3,304,895         348,063   
RUB     355,940      

BNP Paribas S.A.

     04/01/16         USD         5,256         42   
RUB     84,842,748      

Deutsche Bank AG

     04/01/16         USD         1,252,754         10,069   
RUB     91,620,000      

Deutsche Bank AG

     04/01/16         USD         1,200,000         163,697   
RUB     67,806,200      

Deutsche Bank AG

     04/07/16         USD         935,000         73,403   
RUB     49,907,700      

Deutsche Bank AG

     04/15/16         USD         690,000         50,483   
RUB     119,610,464      

Deutsche Bank AG

     04/15/16         USD         1,462,320         312,346   
RUB     137,898,985      

JPMorgan Chase Bank N.A.

     04/15/16         USD         1,921,000         125,013   
RUB     357,573      

BNP Paribas S.A.

     04/18/16         USD         5,200         100   
RUB     77,220,260      

JPMorgan Chase Bank N.A.

     04/18/16         USD         1,118,000         26,665   
RUB     63,172,000      

Deutsche Bank AG

     04/25/16         USD         929,000         5,413   
TRY     3,164,831      

BNP Paribas S.A.

     04/13/16         USD         1,111,000         8,303   
TRY     11,032,599      

Barclays Bank plc

     04/29/16         USD         3,824,000         60,388   
ZAR     14,553,437      

Bank of America N.A.

     04/01/16         USD         927,000         58,755   
ZAR     46,176,839      

BNP Paribas S.A.

     04/11/16         USD         2,987,000         136,444   
ZAR     59,317,888      

BNP Paribas S.A.

     04/29/16         USD         3,824,000         174,128   

Contracts to Deliver

                                  
AUD     280,000      

UBS AG

     04/05/16         USD         199,904         (14,721
AUD     24,790,000      

Morgan Stanley Capital Services, LLC

     06/15/16         USD         18,703,807         (236,486
AUD     23,710,000      

Westpac Banking Corp.

     06/15/16         USD         17,812,493         (302,648
BRL     1,950,185      

BNP Paribas S.A.

     04/04/16         USD         484,759         (57,615
BRL     1,811,060      

BNP Paribas S.A.

     04/04/16         USD         508,882         5,201   
CAD     1,969,062      

UBS AG

     04/11/16         USD         1,472,000         (44,160
CLP     699,334,160      

Credit Suisse International

     04/14/16         USD         1,022,000         (21,103
CLP     299,517,540      

Credit Suisse International

     04/14/16         USD         438,000         (8,750
CNY     129,172,236      

Standard Chartered Bank

     06/01/16         USD         19,576,000         (350,112
CNY     80,424,663      

Bank of America N.A.

     07/29/16         USD         11,913,000         (470,454
CNY     138,751,620      

HSBC Bank plc

     07/29/16         USD         20,400,000         (964,396
CNY     84,881,700      

Standard Chartered Bank

     07/29/16         USD         12,745,000         (324,730
COP     2,206,166,400      

Credit Suisse International

     04/22/16         USD         720,000         (14,926

 

MSF-39


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
COP     3,271,320,000      

Credit Suisse International

     05/02/16         USD         1,080,000       $ (9,416
DKK     25,408,415      

Royal Bank of Scotland plc

     04/29/16         USD         3,824,000         (58,729
EUR     895,196      

BNP Paribas S.A.

     04/04/16         USD         977,146         (41,498
EUR     1,095,000      

Bank of America N.A.

     04/04/16         USD         1,188,277         (57,723
EUR     223,836      

State Street Bank and Trust

     04/04/16         USD         246,570         (8,132
EUR     225,000      

Citibank N.A.

     04/05/16         USD         253,867         (2,169
EUR     20,204,000      

Morgan Stanley Capital Services, LLC

     04/05/16         USD         22,017,147         (973,702
EUR     1,090,000      

UBS AG

     04/14/16         USD         1,182,219         (58,473
EUR     2,053,435      

State Street Bank and Trust

     04/15/16         USD         2,239,426         (97,966
EUR     570,000      

State Street Bank and Trust

     04/21/16         USD         616,870         (32,066
EUR     567,360      

State Street Bank and Trust

     04/21/16         USD         615,359         (30,571
EUR     3,408,683      

Standard Chartered Bank

     04/29/16         USD         3,824,000         (57,645
EUR     20,500,000      

Morgan Stanley Capital Services, LLC

     05/04/16         USD         23,373,690         25,834   
EUR     1,119,032      

Morgan Stanley Capital Services, LLC

     06/22/16         USD         1,271,398         (5,045
EUR     358,022      

Morgan Stanley Capital Services, LLC

     06/22/16         USD         408,535         151   
GBP     2,216,000      

Royal Bank of Scotland plc

     04/05/16         USD         3,070,625         (112,113
GBP     1,785,000      

Royal Bank of Scotland plc

     05/04/16         USD         2,566,660         2,724   
IDR     76,509,794,680      

Deutsche Bank AG

     06/16/16         USD         5,754,347         50,348   
IDR     38,363,258,126      

Deutsche Bank AG

     06/16/16         USD         2,893,157         33,079   
IDR     14,208,961,869      

Deutsche Bank AG

     06/16/16         USD         1,068,504         9,190   
INR     66,840,960      

JPMorgan Chase Bank N.A.

     04/12/16         USD         992,000         (15,855
JPY     231,891,879      

Deutsche Bank AG

     04/18/16         USD         2,040,000         (21,360
JPY     433,163,600      

Deutsche Bank AG

     05/02/16         USD         3,824,000         (27,938
KRW     2,178,070,600      

HSBC Bank plc

     04/18/16         USD         1,819,000         (84,875
KRW     2,158,698,250      

JPMorgan Chase Bank N.A.

     04/18/16         USD         1,819,000         (67,941
KRW     1,304,726,900      

JPMorgan Chase Bank N.A.

     04/18/16         USD         1,091,000         (49,476
MXN     16,464,426      

Citibank N.A.

     04/01/16         USD         916,000         (36,960
MXN     19,070,016      

Goldman Sachs International

     04/04/16         USD         1,095,000         (8,771
MXN     17,136,189      

Goldman Sachs International

     04/04/16         USD         976,922         (14,919
MXN     18,748,778      

Goldman Sachs International

     04/05/16         USD         1,080,000         (5,058
MXN     52,166,000      

Morgan Stanley Capital Services, LLC

     04/05/16         USD         2,871,822         (147,210
MXN     68,527,250      

Bank of America N.A.

     04/06/16         USD         3,754,527         (210,952
MXN     19,965,712      

Morgan Stanley Capital Services, LLC

     04/21/16         USD         1,105,504         (48,224
MXN     47,617,104      

State Street Bank and Trust

     04/21/16         USD         2,636,498         (115,079
MXN     34,612,288      

Barclays Bank plc

     04/22/16         USD         1,927,384         (72,531
MXN     19,365,075      

Goldman Sachs International

     04/22/16         USD         1,095,000         (23,924
MXN     24,248,001      

Citibank N.A.

     04/28/16         USD         1,311,576         (88,760
MXN     19,793,778      

JPMorgan Chase Bank N.A.

     04/28/16         USD         1,101,811         (41,292
MXN     4,270,020      

State Street Bank and Trust

     04/28/16         USD         246,922         326   
MXN     45,977,000      

JPMorgan Chase Bank N.A.

     05/04/16         USD         2,655,878         2,052   
MXN     39,831,853      

Morgan Stanley Capital Services, LLC

     05/04/16         USD         2,167,941         (131,182
MXN     34,970,307      

Citibank N.A.

     05/23/16         USD         2,003,257         (11,879
MXN     15,273,481      

Bank of America N.A.

     05/26/16         USD         879,358         (532
MXN     47,932,988      

Citibank N.A.

     06/06/16         USD         2,761,372         2,671   
MXN     41,720,178      

JPMorgan Chase Bank N.A.

     06/06/16         USD         2,394,012         (7,122
MXN     21,361,055      

BNP Paribas S.A.

     07/06/16         USD         1,191,292         (34,963
MXN     21,187,451      

BNP Paribas S.A.

     07/06/16         USD         1,181,610         (34,679
MXN     20,305,125      

UBS AG

     07/06/16         USD         1,119,233         (46,405
MXN     20,154,555      

State Street Bank and Trust

     07/08/16         USD         1,111,117         (45,672
MXN     21,919,213      

State Street Bank and Trust

     07/20/16         USD         1,192,728         (64,004
MXN     20,544,085      

State Street Bank and Trust

     07/20/16         USD         1,106,339         (71,551
PLN     28,875,581      

HSBC Bank plc

     04/15/16         USD         7,206,914         (530,365
RUB     355,940      

BNP Paribas S.A.

     04/01/16         USD         5,200         (98
RUB     91,620,000      

Deutsche Bank AG

     04/01/16         USD         1,352,824         (10,873
RUB     84,842,748      

Deutsche Bank AG

     04/01/16         USD         1,194,800         (68,023
RUB     67,002,100      

Deutsche Bank AG

     04/07/16         USD         935,000         (61,445
RUB     53,703,702      

BNP Paribas S.A.

     04/15/16         USD         731,160         (65,644

 

MSF-40


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
RUB     170,488,804      

Deutsche Bank AG

     04/15/16         USD         2,490,160       $ (39,390
RUB     58,464,240      

Deutsche Bank AG

     04/15/16         USD         852,000         (15,436
RUB     38,873,952      

Deutsche Bank AG

     04/18/16         USD         561,600         (14,643
RUB     65,104,320      

JPMorgan Chase Bank N.A.

     04/25/16         USD         929,000         (33,996
RUB     20,670,944      

Morgan Stanley Capital Services, LLC

     05/20/16         USD         252,951         (50,863
SAR     49,208,228      

BNP Paribas S.A.

     11/23/16         USD         12,902,000         (147,074
SAR     49,930,847      

Citibank N.A.

     11/23/16         USD         13,098,333         (142,365
SAR     36,807,843      

Citibank N.A.

     11/23/16         USD         9,685,000         (75,731
SEK     31,564,978      

Barclays Bank plc

     04/29/16         USD         3,824,000         (67,579
ZAR     14,916,450      

JPMorgan Chase Bank N.A.

     04/01/16         USD         927,000         (83,343
ZAR     30,100,051      

Bank of America N.A.

     04/11/16         USD         1,946,000         (89,995
ZAR     16,106,598      

Bank of America N.A.

     04/11/16         USD         1,041,000         (48,465
ZAR     14,006,314      

BNP Paribas S.A.

     04/25/16         USD         912,000         (32,792

Cross Currency Contracts to Buy

                           
EUR     735,500      

Citibank N.A.

     04/04/16         RUB         57,258,675         (15,329
EUR     773,500      

State Street Bank and Trust

     04/18/16         PLN         3,326,157         (10,672
EUR     1,096,740      

Deutsche Bank AG

     04/21/16         RUB         99,529,155         (225,379
RUB     48,030,840      

Deutsche Bank AG

     04/04/16         EUR         572,000         64,026   
RUB     13,807,575      

BNP Paribas S.A.

     04/04/16         EUR         163,500         19,469   
RUB     57,371,440      

Deutsche Bank AG

     05/04/16         EUR         742,000         1,202   
                

 

 

 

Net Unrealized Depreciation

  

   $ (4,273,385
                

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

U.S. Treasury Long Bond Futures

     06/21/16         387        USD         63,937,277      $ (299,965

U.S. Treasury Note 10 Year Futures

     06/21/16         597        USD         77,607,709        235,494   

U.S. Treasury Note 2 Year Futures

     06/30/16         1,499        USD         326,962,568        943,682   

U.S. Treasury Note 5 Year Futures

     06/30/16         1,862        USD         224,744,276        863,209   

U.S. Treasury Ultra Long Bond Futures

     06/21/16         680        USD         118,067,825        (746,575

Futures Contracts—Short

                                

Euro-Bobl Futures

     06/08/16         (3     EUR         (394,438     1,295   

Euro-Bund Futures

     06/08/16         (141     EUR         (22,977,925     (57,117

Japanese Government 10 Year Bond Futures

     06/13/16         (20     JPY         (3,034,453,460     75,112   
            

 

 

 

Net Unrealized Appreciation

  

  $ 1,015,135   
            

 

 

 

Written Options

 

Foreign Currency Written Options

   Strike
Price
     Counterparty    Expiration
Date
     Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

EUR Put/RUB Call

   RUB      77.000       Deutsche Bank AG      05/17/16         (2,635,000   $ (36,482   $ (94,449   $ (57,967

EUR Put/USD Call

   USD      1.050       HSBC Bank plc      04/01/16         (3,575,000     (11,895            11,895   

GBP Call/USD Put

   USD      1.555       Deutsche Bank AG      07/22/16         (36,190,000     (195,666     (249,494     (53,828

GBP Call/USD Put

   USD      1.525       Deutsche Bank AG      07/22/16         (36,190,000     (332,993     (436,614     (103,621

GBP Call/USD Put

   USD      1.495       JPMorgan Chase Bank N.A.      07/22/16         (33,620,000     (470,583     (680,842     (210,259

USD Call/CNH Put

   CNH      7.100       Deutsche Bank AG      12/15/16         (2,869,000     (33,280     (25,534     7,746   

USD Call/MXN Put

   MXN      19.000       Goldman Sachs & Co.      04/15/16         (1,947,000     (25,171     (584     24,587   

 

MSF-41


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Written Options—(Continued)

 

Foreign Currency Written Options

   Strike
Price
     Counterparty    Expiration
Date
     Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

USD Put/BRL Call

   BRL      3.550       Goldman Sachs & Co.      04/26/16         (948,000   $ (11,154   $ (14,409   $ (3,255

USD Put/ZAR Call

   ZAR      15.500       Goldman Sachs & Co.      04/28/16         (1,561,000     (17,327     (81,016     (63,689
                

 

 

   

 

 

   

 

 

 

Totals

  

  $ (1,134,551   $ (1,582,942   $ (448,391
                

 

 

   

 

 

   

 

 

 

 

Options on Exchange-Traded Futures Contracts

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

Call - Eurodollar Midcurve 4 Year Futures

   $ 98.375         12/16/16         (1,965   $ (954,774   $ (1,043,907     (89,133
          

 

 

   

 

 

   

 

 

 

Swap Agreements

OTC Interest Rate Swaps

 

Pay/Receive
Floating Rate

   Floating
Rate Index
   Fixed
Rate
    Maturity
Date
   Counterparty    Notional
Amount
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Pay

   1-Day CDI      11.720   01/04/21    JPMorgan Chase Bank N.A.      BRL         1,306,000      $ (21,942   $      $ (21,942

Pay

   1-Day CDI      12.050   01/04/21    Bank of America N.A.      BRL         2,737,312        (38,278            (38,278

Pay

   1-Day CDI      12.410   01/04/21    Citibank N.A.      BRL         1,000,000        (10,913            (10,913

Pay

   1-Day IBRCOL      6.440   05/23/16    Credit Suisse International      COP         30,917,310,686        3,646               3,646   

Pay

   1-Day IBRCOL      6.640   08/22/16    Credit Suisse International      COP         20,737,220,582        7,312               7,312   

Pay

   28-Day TIIE      4.295   12/18/17    Bank of America N.A.      MXN         137,079,700        35,513               35,513   

Pay

   28-Day TIIE      5.405   01/01/21    Goldman Sachs International      MXN         75,544,110        27,432               27,432   

Pay

   28-Day TIIE      5.550   01/13/25    Bank of America N.A.      MXN         48,971,509        (80,130            (80,130

Pay

   28-Day TIIE      5.842   11/14/24    Deutsche Bank AG      MXN         34,442,494        (12,489            (12,489

Pay

   28-Day TIIE      5.850   11/14/24    Deutsche Bank AG      MXN         14,974,997        (4,955            (4,955

Pay

   28-Day TIIE      5.960   01/30/26    Citibank N.A.      MXN         55,973,000        (28,583            (28,583

Pay

   28-Day TIIE      6.225   02/23/26    Citibank N.A.      MXN         40,145,262        27,959               27,959   

Pay

   28-Day TIIE      6.240   02/23/26    Goldman Sachs International      MXN         46,817,604        35,902               35,902   

Pay

   28-Day TIIE      6.270   12/05/25    Bank of America N.A.      MXN         2,209,451        2,220               2,220   

Pay

   28-Day TIIE      6.320   07/17/25    Morgan Stanley Capital
Services, LLC
     MXN         40,086,000        52,907               52,907   

Pay

   28-Day TIIE      6.325   07/17/25    Citibank N.A.      MXN         19,973,500        28,209               28,209   

Pay

   28-Day TIIE      6.330   08/06/25    Citibank N.A.      MXN         59,593,000        84,262               84,262   

Pay

   3M KLIBOR      1.920   11/10/17    Deutsche Bank AG      KRW         6,513,071,110        45,900               45,900   

Pay

   7-Day China
Fixing Repo
Rates
     2.255   11/12/17    Deutsche Bank AG      CNY         31,680,000        (4,204            (4,204

Receive

   1-Day CDI      11.410   01/04/21    Bank of America N.A.      BRL         5,126,000        100,718               100,718   

Receive

   28-Day TIIE      4.300   12/07/17    Bank of America N.A.      MXN         12,027,855        2,935               2,935   

Receive

   28-Day TIIE      4.550   03/21/18    Barclays Bank plc      MXN         26,793,819        1,934               1,934   

Receive

   28-Day TIIE      4.700   12/06/18    Bank of America N.A.      MXN         8,147,763        868               868   

Receive

   28-Day TIIE      4.760   12/06/18    Citibank N.A.      MXN         8,147,763        137               137   

Receive

   28-Day TIIE      4.770   12/05/18    Citibank N.A.      MXN         8,147,763        5               5   

Receive

   28-Day TIIE      4.850   11/01/18    Bank of America N.A.      MXN         22,482,829        (3,224            (3,224

Receive

   28-Day TIIE      6.307   08/11/25    Deutsche Bank AG      MXN         74,533,884        (92,378            (92,378

Receive

   28-Day TIIE      6.310   08/11/25    Bank of America N.A.      MXN         20,079,000        (26,473            (26,473

Receive

   28-Day TIIE      6.310   08/11/25    Bank of America N.A.      MXN         20,079,000        (26,473            (26,473

Receive

   3M KLIBOR      1.690   11/10/17    Deutsche Bank AG      KRW         6,513,071,110        (23,549            (23,549

Receive

   3M LIBOR      1.758   06/25/22    JPMorgan Chase Bank N.A.      USD         18,000,000        (476,375            (476,375

Receive

   6M EURIBOR      2.783   11/10/41    Deutsche Bank AG      EUR         8,300,000        (3,770,300     (3,703,537     (66,763
                  

 

 

   

 

 

   

 

 

 

Totals

  

  $ (4,162,407   $ (3,703,537   $ (458,870
                  

 

 

   

 

 

   

 

 

 

 

MSF-42


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Centrally Cleared Interest Rate Swaps

 

 

Pay/Receive Floating Rate

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

Pay

     3M LIBOR         2.131     08/25/25         USD         1,285,000       $ 60,512   

Pay

     6M BBSW         2.833     01/15/26         AUD         62,920,000         1,385,874   

Receive

     3M LIBOR         0.648     11/26/16         USD         14,540,000         5,195   

Receive

     3M LIBOR         1.256     01/12/17         USD         223,619,000         (932,648

Receive

     3M LIBOR         1.955     01/19/26         USD         44,940,000         (1,342,020

Receive

     3M LIBOR         2.272     09/11/25         USD         955,000         (56,940

Receive

     3M LIBOR         2.383     07/10/25         USD         72,000,000         (4,942,404
                

 

 

 

Net Unrealized Depreciation

  

   $ (5,822,431
                

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (d)

 

Reference Obligation

   Fixed Deal
Receive Rate
     Maturity
Date
    

Implied Credit
Spread at
March 31,
2016(b)

   Notional
Amount(c)
     Unrealized
Appreciation
 

CDX.NA.HY.25.V1

     5.000%         12/20/20       4.294%      USD         54,011,400       $ 1,074,827   
                 

 

 

 

OTC Credit Default Swaps on Corporate and Sovereign Issues—Buy Protection (a)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

21st Century Fox America, Inc. 3.700%, due 09/15/24

    (1.000%)        12/20/20      Barclays Bank plc     0.380%        USD        2,605,000      $ (74,720)      $ (38,139)      $ (36,581)   

Australia & New Zealand Banking Group, Ltd. 0.242%, due 10/28/19

    (1.000%)        06/20/21      BNP Paribas S.A.     1.198%        USD        13,953,187        137,487        155,863        (18,376)   

Australia & New Zealand Banking Group, Ltd. 0.242%, due 10/28/19

    (1.000%)        06/20/21      BNP Paribas S.A.     1.198%        USD        1,064,454        10,489        11,890        (1,401)   

Australia & New Zealand Banking Group, Ltd. 0.242%, due 10/28/19

    (1.000%)        06/20/21      Deutsche Bank AG     1.198%        USD        30,926,546        304,734        415,026        (110,292)   

Australia & New Zealand Banking Group, Ltd. 0.242%, due 10/28/19

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.198%        USD        15,351,000        151,261        164,439        (13,178)   

Australia & New Zealand Banking Group, Ltd. 3.750%, due 03/10/17

    (1.000%)        06/20/21      Deutsche Bank AG     1.198%        USD        5,232,738        51,561        97,387        (45,826)   

Australia & New Zealand Banking Group, Ltd. 3.750%, due 03/10/17

    (1.000%)        06/20/21      Goldman Sachs International     1.198%        USD        2,217,262        21,848        41,266        (19,418)   

Australia & New Zealand Banking Group, Ltd. 3.750%, due 03/10/17

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.198%        USD        4,766,813        46,970        63,959        (16,989)   

Commonwealth Bank of Australia 4.250%, due 11/10/16

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.182%        USD        8,846,369        80,167        114,420        (34,253)   

Commonwealth Bank of Australia 4.375%, due 02/25/20

    (1.000%)        06/20/21      Deutsche Bank AG     1.182%        USD        7,590,000        68,782        77,859        (9,077)   

Commonwealth Bank of Australia 4.375%, due 02/25/20

    (1.000%)        06/20/21      Deutsche Bank AG     1.182%        USD        5,491,032        49,761        102,194        (52,433)   

Commonwealth Bank of Australia 4.375%, due 02/25/20

    (1.000%)        06/20/21      Deutsche Bank AG     1.182%        USD        1,978,968        17,934        36,741        (18,807)   

Credit Agricole SA Zero Coupon, due 04/21/17

    (1.000%)        06/20/21      Barclays Bank plc     0.814%        EUR        1,068,000        (11,687)        (9,258)        (2,429)   

 

MSF-43


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

OTC Credit Default Swaps on Corporate and Sovereign Issues—Buy Protection (a)—(Continued)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Federation of Malaysia 5.625%, due 03/15/16

    (1.000%)        06/20/21      Barclays Bank plc     1.519%        USD        4,508,000      $ 115,352      $ 138,719      $ (23,367)   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Bank of America N.A.     1.059%        EUR        13,716,000        47,043        (428)        47,471   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Bank of America N.A.     1.059%        EUR        4,554,000        15,619        (10,504)        26,123   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Bank of America N.A.     1.059%        EUR        3,564,000        12,224        (8,220)        20,444   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        11,550,000        39,614        122,906        (83,292)   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        6,670,000        22,877        63,381        (40,504)   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        5,000,000        17,149        (13,047)        30,196   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        2,385,000        8,180        (6,223)        14,403   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        1,720,000        5,899        (4,488)        10,387   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        1,274,000        4,370        (3,324)        7,694   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        1,219,000        4,181        (3,181)        7,362   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Citibank N.A.     1.059%        EUR        576,000        1,976        (1,503)        3,479   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      Credit Suisse International     1.059%        EUR        10,696,000        36,685        48,444        (11,759)   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.059%        EUR        7,130,000        24,455        (30,689)        55,144   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.059%        EUR        7,075,000        24,266        9,957        14,309   

HSBC Bank Plc 3.750%, due 11/30/16

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.059%        EUR        175,000        600        (753)        1,353   

Loews Corp. 6.000%, due 02/01/35

    (1.000%)        12/20/20      Barclays Bank plc     0.326%        USD        2,145,000        (66,974)        (75,932)        8,958   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        06/20/20      JPMorgan Chase Bank N.A.     1.302%        USD        3,824,276        47,110        33,406        13,704   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        09/20/20      Bank of America N.A.     1.383%        USD        3,824,276        62,997        50,241        12,756   

National Australia Bank, Ltd. 3.625%, due 11/08/17

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.186%        USD        7,590,000        70,009        101,839        (31,830)   

Republic of Philippines 10.625%, due 03/16/25

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.045%        USD        4,046,000        9,014        32,732        (23,718)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      BNP Paribas S.A.     2.948%        USD        1,115,000        103,609        124,650        (21,041)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      BNP Paribas S.A.     2.948%        USD        930,000        86,418        102,972        (16,554)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      Bank of America N.A.     2.948%        USD        1,925,000        178,877        215,406        (36,529)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      Barclays Bank plc     2.948%        USD        3,720,000        345,673        432,746        (87,073)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      Barclays Bank plc     2.948%        USD        2,245,000        208,612        238,571        (29,959)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      Citibank N.A.     2.948%        USD        1,224,000        113,738        131,635        (17,897)   

 

MSF-44


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

OTC Credit Default Swaps on Corporate and Sovereign Issues—Buy Protection (a)—(Continued)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      Citibank N.A.     2.948%        USD        40,000      $ 3,717      $ 4,421      $ (704)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      Goldman Sachs International     2.948%        USD        1,160,000        107,791        134,292        (26,501)   

Republic of South Africa 5.500%, due 03/09/20

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     2.948%        USD        2,765,000        256,932        305,901        (48,969)   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/20      Bank of America N.A.     1.529%        EUR        7,640,000        230,881        178,686        52,195   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/20      Bank of America N.A.     1.529%        EUR        1,560,000        47,143        36,486        10,657   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/21      BNP Paribas S.A.     1.529%        EUR        5,000,000        151,100        278,705        (127,605)   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/21      BNP Paribas S.A.     1.529%        EUR        1,331,000        40,223        37,737        2,486   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/21      BNP Paribas S.A.     1.529%        EUR        1,211,000        36,596        34,335        2,261   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/21      Bank of America N.A.     1.529%        EUR        3,110,000        93,984        72,737        21,247   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/21      Citibank N.A.     1.529%        EUR        6,980,000        210,936        346,361        (135,425)   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/21      Citibank N.A.     1.529%        EUR        6,430,000        194,315        319,069        (124,754)   

Standard Chartered Bank 0.525%, due 09/04/17

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.529%        EUR        6,990,000        211,238        392,228        (180,990)   

Valero Energy Corp. 8.750%, due 06/15/30

    (1.000%)        12/20/20      Morgan Stanley Capital Services, LLC     1.291%        USD        2,145,000        28,326        51,754        (23,428)   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 4,007,342      $ 5,115,672      $ (1,108,330)   
             

 

 

   

 

 

   

 

 

 

OTC Credit Default Swaps on Corporate and Sovereign Issues—Sell Protection (d)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Federative Republic of Brazil
4.250%, due 01/07/25

    1.000%        06/20/21      Barclays Bank plc     3.500%        USD        1,122,000      $ (132,552)      $ (128,227)      $ (4,325)   

Fiat Finance North America, Inc.
5.625%, due 06/12/17

    5.000%        12/20/20      Bank of America N.A.     3.326%        EUR        27,369        2,275        2,508        (233)   

Fiat Finance North America, Inc.
5.625%, due 06/12/17

    5.000%        12/20/20      Bank of America N.A.     3.326%        EUR        261        22        24        (2)   

Fiat Industrial Finance Europe SA
6.250%, due 03/09/18

    5.000%        12/20/20      BNP Paribas S.A.     2.937%        EUR        21,277        2,192        2,368        (176)   

Mexico Government International Bond
5.950%, due 03/19/19

    1.000%        06/20/20      Bank of America N.A.     1.302%        USD        3,824,276        (47,110)        (38,756)        (8,354)   

Mexico Government International Bond
5.950%, due 03/19/19

    1.000%        09/20/20      JPMorgan Chase Bank N.A.     1.383%        USD        3,824,276        (62,997)        (43,741)        (19,256)   

Republic of Indonesia
6.875%, due 03/09/17

    1.000%        06/20/21      Barclays Bank plc     1.959%        USD        1,078,242        (50,178)        (59,735)        9,557   

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      Bank of America N.A.     14.784%        USD        875,000        (331,703)        (73,375)        (258,328)   

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      Bank of America N.A.     14.345%        USD        1,175,000        (434,828)        (93,454)        (341,374)   

 

MSF-45


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

OTC Credit Default Swaps on Corporate and Sovereign Issues—Sell Protection (d)—(Continued)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      Bank of America N.A.     14.345%        USD        1,180,000      $ (436,678)      $ (96,360)      $ (340,318)   

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      JPMorgan Chase Bank N.A.     14.345%        USD        1,180,000        (436,678)        (104,719)        (331,959)   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (1,928,235)      $ (633,467)      $ (1,294,768)   
             

 

 

   

 

 

   

 

 

 

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,
2016(b)
     Notional
Amount(c)
     Market
Value
     Upfront
Premium
Paid
     Unrealized
Depreciation
 

CMBX.NA.AAA.V8

     (0.500%)         10/17/57       Credit Suisse International      0.000%         USD         990,000       $ 44,576       $ 44,956       $ (380)   
                    

 

 

    

 

 

    

 

 

 

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,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.AAA.V7

    0.500     01/17/47      Credit Suisse
International
    0.000     USD        5,000,000      $ (155,704   $ (156,398   $ 694   

CMBX.NA.AM.V4

    0.500     02/17/51      Deutsche Bank AG     0.000     USD        2,370,000        (66,656     (359,977     293,321   

CMBX.NA.BBB-.V8

    3.000     10/17/57      Barclays Bank plc     0.000     USD        660,000        (114,577     (70,295     (44,282

CMBX.NA.BBB-.V8

    3.000     10/17/57      Credit Suisse
International
    0.000     USD        330,000        (57,289     (34,753     (22,536

CMBX.NA.BBB-.V9

    3.000     09/17/58      UBS AG     0.000     USD        2,310,000        (446,747     (590,056     143,309   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (840,973   $ (1,211,479   $ 370,506   
             

 

 

   

 

 

   

 

 

 

 

(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.
(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 of 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.
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CAD)— Canadian Dollar
(CLP)— Chilean Peso
(CNH)— Chinese Renminbi
(CNY)— Chinese Yuan
(COP)— Colombian Peso
(DKK)— Danish Krone
(EUR)— Euro
(GBP)— British Pound

 

MSF-46


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

(IDR)— Indonesian Rupiah
(INR)— Indian Rupee
(JPY)— Japanese Yen
(KRW)— South Korean Won
(MXN)— Mexican Peso
(PLN)— Polish Zloty
(RUB)— Russian Ruble
(SAR)— Saudi Arabian Riyal
(SEK)— Swedish Krona
(TRY)— Turkish Lira
(USD)— United States Dollar
(ZAR)— South African Rand
(BBSW)— Australian Bank Bill Rate
(CDI)— Brazil Interbank Deposit Rate
(CMBX)— Commercial Mortgage-Backed Index
(CDX.NA.HY)— Markit North America High Yield CDS Index
(CMBX.NA.AAA)— Markit North America AAA Rated CMBS Index
(CMBX.NA.AM)— Markit North America Mezzanine AAA Rated CMBS Index
(CMBX.NA.BBB-)— Markit North America BBB- Rated CMBS Index
(EURIBOR)— EURO InterBank Offered Rate
(IBRCOL)— Colombia Overnight Interbank Reference Rate
(KLIBOR)— Kulala Lumpor InterBank OfferedRate
(LIBOR)— London Interbank Offered Rate
(TIIE)— Mexican Interbank Equilibrium Interest 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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $       $ 2,076,709,308       $       $ 2,076,709,308   

Total Corporate Bonds & Notes*

             885,200,035                 885,200,035   

Total Asset-Backed Securities*

             315,307,375                 315,307,375   

Total Mortgage-Backed Securities*

             290,313,360                 290,313,360   

Total Foreign Government*

             124,588,500                 124,588,500   

Total Municipals

             113,608,442                 113,608,442   

Total Preferred Stocks*

     14,475,939                         14,475,939   
Purchased Options            

Currency Options

             2,481,830                 2,481,830   

Options on Exchange-Traded Futures Contracts

     1,252,900                         1,252,900   

Total Purchased Options

     1,252,900         2,481,830                 3,734,730   

 

MSF-47


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  
Short-Term Investments          

Mutual Fund

   $ 49,965,346      $      $       $ 49,965,346   

Repurchase Agreement

            29,783,347                29,783,347   

Total Short-Term Investments

     49,965,346        29,783,347                79,748,693   

Total Investments

   $ 65,694,185      $ 3,837,992,197      $       $ 3,903,686,382   
                                   

Collateral for Securities Loaned (Liability)

   $      $ (49,965,346   $       $ (49,965,346

TBA Forward Sales Commitments

   $      $ (341,353,505   $       $ (341,353,505
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $      $ 3,566,506      $       $ 3,566,506   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

            (7,839,891             (7,839,891

Total Forward Contracts

   $      $ (4,273,385   $       $ (4,273,385
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 2,118,792      $      $       $ 2,118,792   

Futures Contracts (Unrealized Depreciation)

     (1,103,657                    (1,103,657

Total Futures Contracts

   $ 1,015,135      $      $       $ 1,015,135   
Written Options          

Foreign Currency Written Options at Value

   $      $ (1,582,942   $       $ (1,582,942

Options on Exchange-Traded Futures Contracts at Value

     (1,043,907                    (1,043,907

Total Written Options

   $ (1,043,907   $ (1,582,942   $       $ (2,626,849
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $      $ 2,526,408      $       $ 2,526,408   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

            (7,274,012             (7,274,012

Total Centrally Cleared Swap Contracts

   $      $ (4,747,604   $       $ (4,747,604
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $      $ 4,667,647      $       $ 4,667,647   

OTC Swap Contracts at Value (Liabilities)

            (7,547,344             (7,547,344

Total OTC Swap Contracts

   $      $ (2,879,697   $       $ (2,879,697

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-48


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—98.8% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.2%

   

Honeywell International, Inc.

    154,426      $ 17,303,433   

TransDigm Group, Inc. (a) (b)

    94,693        20,864,656   
   

 

 

 
      38,168,089   
   

 

 

 

Airlines—1.6%

   

Delta Air Lines, Inc.

    570,422        27,768,143   
   

 

 

 

Beverages—6.0%

   

Anheuser-Busch InBev S.A. (ADR)

    441,599        55,049,731   

Constellation Brands, Inc. - Class A

    322,310        48,697,818   
   

 

 

 
      103,747,549   
   

 

 

 

Biotechnology—4.7%

   

Biogen, Inc. (a)

    93,444        24,325,342   

Celgene Corp. (a)

    164,106        16,425,370   

United Therapeutics Corp. (a)

    83,320        9,284,348   

Vertex Pharmaceuticals, Inc. (a)

    385,907        30,675,747   
   

 

 

 
      80,710,807   
   

 

 

 

Capital Markets—2.3%

   

Goldman Sachs Group, Inc. (The)

    113,713        17,850,667   

Morgan Stanley

    840,310        21,016,153   
   

 

 

 
      38,866,820   
   

 

 

 

Chemicals—3.4%

   

Ecolab, Inc.

    151,260        16,868,515   

Sherwin-Williams Co. (The)

    149,133        42,453,691   
   

 

 

 
      59,322,206   
   

 

 

 

Diversified Financial Services—4.0%

   

Berkshire Hathaway, Inc. - Class B (a)

    420,356        59,640,109   

Moody’s Corp.

    93,571        9,035,216   
   

 

 

 
      68,675,325   
   

 

 

 

Diversified Telecommunication Services—1.2%

  

SBA Communications Corp. - Class A (a)

    209,763        21,011,960   
   

 

 

 

Electrical Equipment—1.2%

   

Acuity Brands, Inc.

    92,705        20,222,669   
   

 

 

 

Food & Staples Retailing—2.2%

   

Costco Wholesale Corp.

    238,714        37,616,552   
   

 

 

 

Food Products—0.4%

   

Mead Johnson Nutrition Co.

    81,169        6,896,930   
   

 

 

 

Health Care Equipment & Supplies—1.1%

  

Intuitive Surgical, Inc. (a)

    32,314        19,422,330   
   

 

 

 

Health Care Providers & Services—3.5%

  

UnitedHealth Group, Inc.

    464,965        59,933,988   
   

 

 

 

Hotels, Restaurants & Leisure—2.4%

   

Chipotle Mexican Grill, Inc. (a) (b)

    33,240        15,655,042   

Hotels, Restaurants & Leisure—(Continued)

  

Domino’s Pizza, Inc.

    109,901      14,491,546   

Starbucks Corp.

    175,684        10,488,335   
   

 

 

 
      40,634,923   
   

 

 

 

Internet & Catalog Retail—9.6%

   

Amazon.com, Inc. (a)

    156,800        93,082,752   

Netflix, Inc. (a) (b)

    428,930        43,849,514   

TripAdvisor, Inc. (a)

    430,089        28,600,918   
   

 

 

 
      165,533,184   
   

 

 

 

Internet Software & Services—17.1%

   

Alphabet, Inc. - Class A (a)

    183,585        140,056,996   

Facebook, Inc. - Class A (a)

    962,510        109,822,391   

Tencent Holdings, Ltd.

    2,117,600        43,284,695   
   

 

 

 
      293,164,082   
   

 

 

 

IT Services—8.7%

   

Alliance Data Systems Corp. (a)

    68,575        15,086,500   

Fiserv, Inc. (a)

    109,844        11,267,797   

FleetCor Technologies, Inc. (a)

    244,041        36,301,099   

Visa, Inc. - Class A (b)

    1,130,702        86,476,089   
   

 

 

 
      149,131,485   
   

 

 

 

Life Sciences Tools & Services—2.3%

   

Illumina, Inc. (a)

    239,845        38,881,273   
   

 

 

 

Media—2.1%

   

Liberty Global plc - Class A (a)

    952,263        36,662,126   
   

 

 

 

Oil, Gas & Consumable Fuels—1.9%

   

Concho Resources, Inc. (a)

    219,179        22,145,846   

EOG Resources, Inc.

    135,160        9,809,913   
   

 

 

 
      31,955,759   
   

 

 

 

Pharmaceuticals—1.2%

   

Allergan plc (a)

    28,237        7,568,363   

Perrigo Co. plc (b)

    106,065        13,568,896   
   

 

 

 
      21,137,259   
   

 

 

 

Real Estate Investment Trusts—1.4%

   

Crown Castle International Corp.

    273,742        23,678,683   
   

 

 

 

Road & Rail—1.5%

   

Norfolk Southern Corp.

    311,381        25,922,468   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.5%

  

Applied Materials, Inc.

    434,773        9,208,492   
   

 

 

 

Software—7.5%

   

Activision Blizzard, Inc.

    1,076,732        36,436,611   

Microsoft Corp.

    901,008        49,762,672   

Salesforce.com, Inc. (a)

    586,559        43,305,651   
   

 

 

 
      129,504,934   
   

 

 

 

 

MSF-49


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Specialty Retail—2.2%

   

Home Depot, Inc. (The)

    286,740      $ 38,259,718   
   

 

 

 

Technology Hardware, Storage & Peripherals—4.6%

  

Apple, Inc.

    732,320        79,815,557   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.0%

  

NIKE, Inc. - Class B

    550,574        33,843,784   
   

 

 

 

Total Common Stocks
(Cost $1,504,658,252)

      1,699,697,095   
   

 

 

 
Preferred Stock—0.9%   

Software—0.9%

   

Palantir Technologies, Inc. - Series I (a) (c) (d)
(Cost $15,555,193)

    2,537,552        15,022,307   
   

 

 

 
Short-Term Investments—2.1%   

Mutual Fund—1.3%

   

State Street Navigator Securities Lending MET Portfolio (e)

    22,017,826        22,017,826   
   

 

 

 

Repurchase Agreement—0.8%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $14,124,878 on 04/01/16, collateralized by $14,250,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $14,410,313.

    14,124,867        14,124,867   
   

 

 

 

Total Short-Term Investments
(Cost $36,142,693)

      36,142,693   
   

 

 

 

Total Investments—101.8%
(Cost $1,556,356,138) (f)

      1,750,862,095   

Other assets and liabilities (net)—(1.8)%

      (31,545,636
   

 

 

 
Net Assets—100.0%     $ 1,719,316,459   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $155,166,133 and the collateral received consisted of cash in the amount of $22,017,826 and non-cash collateral with a value of $136,853,327. 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, 2016, these securities represent 0.9% 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, 2016, the market value of restricted securities was $15,022,307, which is 0.9% of net assets. See details shown in the Restricted Securities table that follows.
(e) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(f) As of March 31, 2016, the aggregate cost of investments was $1,556,356,138. The aggregate unrealized appreciation and depreciation of investments were $233,585,875 and $(39,079,918), respectively, resulting in net unrealized appreciation of $194,505,957.
(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  

Palantir Technologies, Inc. - Series I

   02/07/14        2,537,552         $ 15,555,193         $ 15,022,307   
                 

 

 

 

 

MSF-50


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 38,168,089       $ —        $ —         $ 38,168,089   

Airlines

     27,768,143         —          —           27,768,143   

Beverages

     103,747,549         —          —           103,747,549   

Biotechnology

     80,710,807         —          —           80,710,807   

Capital Markets

     38,866,820         —          —           38,866,820   

Chemicals

     59,322,206         —          —           59,322,206   

Diversified Financial Services

     68,675,325         —          —           68,675,325   

Diversified Telecommunication Services

     21,011,960         —          —           21,011,960   

Electrical Equipment

     20,222,669         —          —           20,222,669   

Food & Staples Retailing

     37,616,552         —          —           37,616,552   

Food Products

     6,896,930         —          —           6,896,930   

Health Care Equipment & Supplies

     19,422,330         —          —           19,422,330   

Health Care Providers & Services

     59,933,988         —          —           59,933,988   

Hotels, Restaurants & Leisure

     40,634,923         —          —           40,634,923   

Internet & Catalog Retail

     165,533,184         —          —           165,533,184   

Internet Software & Services

     249,879,387         43,284,695        —           293,164,082   

IT Services

     149,131,485         —          —           149,131,485   

Life Sciences Tools & Services

     38,881,273         —          —           38,881,273   

Media

     36,662,126         —          —           36,662,126   

Oil, Gas & Consumable Fuels

     31,955,759         —          —           31,955,759   

Pharmaceuticals

     21,137,259         —          —           21,137,259   

Real Estate Investment Trusts

     23,678,683         —          —           23,678,683   

Road & Rail

     25,922,468         —          —           25,922,468   

Semiconductors & Semiconductor Equipment

     9,208,492         —          —           9,208,492   

Software

     129,504,934         —          —           129,504,934   

Specialty Retail

     38,259,718         —          —           38,259,718   

Technology Hardware, Storage & Peripherals

     79,815,557         —          —           79,815,557   

Textiles, Apparel & Luxury Goods

     33,843,784         —          —           33,843,784   

Total Common Stocks

     1,656,412,400         43,284,695        —           1,699,697,095   

Total Preferred Stock*

     —           —          15,022,307         15,022,307   
Short-Term Investments           

Mutual Fund

     22,017,826         —          —           22,017,826   

Repurchase Agreement

     —           14,124,867        —           14,124,867   

Total Short-Term Investments

     22,017,826         14,124,867        —           36,142,693   

Total Investments

   $ 1,678,430,226       $ 57,409,562      $ 15,022,307       $ 1,750,862,095   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (22,017,826   $ —         $ (22,017,826

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-51


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of March 31, 2016 (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, 2015
     Change in
Unrealized
Depreciation
    Balance as of
March 31, 2016
     Change in Unrealized
Depreciation from
Investments Still Held at
March 31, 2016
 
Preferred Stocks           

Software

   $ 19,539,151       $ (4,516,844   $ 15,022,307       $ (4,516,844
  

 

 

    

 

 

   

 

 

    

 

 

 

 

MSF-52


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—99.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.9%

   

BE Aerospace, Inc. (a)

    61,160      $ 2,820,699   

Boeing Co. (The) (a)

    92,810        11,781,301   

Honeywell International, Inc.

    39,650        4,442,783   

Huntington Ingalls Industries, Inc.

    35,610        4,876,433   

Northrop Grumman Corp.

    6,050        1,197,295   

Raytheon Co.

    26,255        3,219,651   
   

 

 

 
      28,338,162   
   

 

 

 

Airlines—0.3%

   

American Airlines Group, Inc.

    90,970        3,730,680   
   

 

 

 

Auto Components—1.5%

   

Lear Corp.

    182,180        20,252,951   

Magna International, Inc.

    39,190        1,683,602   
   

 

 

 
      21,936,553   
   

 

 

 

Automobiles—0.2%

   

Thor Industries, Inc.

    45,476        2,900,005   
   

 

 

 

Banks—12.2%

   

Bank of America Corp.

    652,340        8,819,637   

Citigroup, Inc.

    1,562,511        65,234,834   

JPMorgan Chase & Co.

    1,125,597        66,657,854   

KeyCorp

    769,810        8,498,702   

Regions Financial Corp.

    1,255,881        9,858,666   

Wells Fargo & Co.

    378,980        18,327,473   
   

 

 

 
      177,397,166   
   

 

 

 

Biotechnology—1.5%

   

Baxalta, Inc.

    555,630        22,447,452   
   

 

 

 

Capital Markets—1.1%

   

Ameriprise Financial, Inc.

    34,440        3,237,705   

KKR & Co. L.P.

    202,091        2,968,717   

Morgan Stanley

    387,430        9,689,624   
   

 

 

 
      15,896,046   
   

 

 

 

Chemicals—0.4%

   

Akzo Nobel NV (ADR) (a)

    174,161        3,948,230   

Ashland, Inc.

    18,750        2,061,750   

LyondellBasell Industries NV - Class A

    6,790        581,088   
   

 

 

 
      6,591,068   
   

 

 

 

Communications Equipment—7.1%

   

Cisco Systems, Inc.

    2,644,050        75,276,103   

Nokia Oyj (ADR)

    1,395,190        8,245,573   

Telefonaktiebolaget LM Ericsson (ADR)

    1,927,920        19,337,038   
   

 

 

 
      102,858,714   
   

 

 

 

Construction & Engineering—0.4%

   

AECOM (a) (b)

    187,710        5,779,591   
   

 

 

 

Consumer Finance—6.6%

   

Capital One Financial Corp.

    534,800        37,066,988   

Consumer Finance—(Continued)

   

Discover Financial Services

    962,400      49,005,408   

SLM Corp. (b)

    1,497,580        9,524,609   
   

 

 

 
      95,597,005   
   

 

 

 

Containers & Packaging—0.7%

   

Avery Dennison Corp.

    35,700        2,574,327   

Bemis Co., Inc.

    86,970        4,503,306   

Crown Holdings, Inc. (b)

    54,530        2,704,143   
   

 

 

 
      9,781,776   
   

 

 

 

Diversified Consumer Services—0.0%

  

DeVry Education Group, Inc. (a)

    34,690        599,096   
   

 

 

 

Diversified Financial Services—1.7%

   

Nasdaq, Inc.

    375,025        24,894,160   
   

 

 

 

Diversified Telecommunication Services—2.4%

  

Verizon Communications, Inc.

    653,690        35,351,555   
   

 

 

 

Electric Utilities—3.4%

   

American Electric Power Co., Inc.

    44,060        2,925,584   

Exelon Corp.

    1,297,510        46,528,709   

PG&E Corp.

    3,300        197,076   
   

 

 

 
      49,651,369   
   

 

 

 

Energy Equipment & Services—1.5%

   

Baker Hughes, Inc.

    208,520        9,139,431   

FMC Technologies, Inc. (b)

    5,610        153,490   

Halliburton Co.

    36,880        1,317,354   

Superior Energy Services, Inc. (a)

    866,179        11,598,137   
   

 

 

 
      22,208,412   
   

 

 

 

Food & Staples Retailing—1.2%

   

CVS Health Corp.

    31,040        3,219,779   

Kroger Co. (The)

    363,724        13,912,443   
   

 

 

 
      17,132,222   
   

 

 

 

Health Care Equipment & Supplies—5.8%

  

Baxter International, Inc.

    689,630        28,330,000   

Medtronic plc

    252,990        18,974,250   

St. Jude Medical, Inc.

    214,400        11,792,000   

Zimmer Biomet Holdings, Inc.

    243,500        25,964,405   
   

 

 

 
      85,060,655   
   

 

 

 

Hotels, Restaurants & Leisure—0.0%

   

Wyndham Worldwide Corp. (a)

    2,080        158,974   
   

 

 

 

Household Durables—1.8%

   

Newell Rubbermaid, Inc.

    540,060        23,919,257   

Tupperware Brands Corp. (a)

    28,750        1,666,925   
   

 

 

 
      25,586,182   
   

 

 

 

 

MSF-53


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Independent Power and Renewable Electricity Producers—4.0%

  

AES Corp.

    3,315,700      $ 39,125,260   

Dynegy, Inc. (a) (b)

    1,342,170        19,286,983   
   

 

 

 
      58,412,243   
   

 

 

 

Insurance—4.8%

  

Genworth Financial, Inc. - Class A (a) (b)

    1,523,200        4,158,336   

Hartford Financial Services Group, Inc. (The)

    506,620        23,345,049   

Lincoln National Corp.

    334,750        13,122,200   

Prudential Financial, Inc.

    228,190        16,479,882   

XL Group plc

    363,030        13,359,504   
   

 

 

 
      70,464,971   
   

 

 

 

IT Services—0.2%

  

Fidelity National Information Services, Inc.

    13,530        856,584   

First Data Corp. - Class A (a) (b)

    163,590        2,116,855   
   

 

 

 
      2,973,439   
   

 

 

 

Media—2.6%

  

Comcast Corp. - Class A

    203,160        12,409,013   

Interpublic Group of Cos., Inc. (The)

    295,520        6,782,184   

Omnicom Group, Inc. (a)

    48,700        4,053,301   

Scripps Networks Interactive, Inc. - Class A (a)

    215,480        14,113,940   
   

 

 

 
      37,358,438   
   

 

 

 

Metals & Mining—0.6%

  

Allegheny Technologies, Inc. (a)

    67,210        1,095,523   

Reliance Steel & Aluminum Co.

    107,720        7,453,147   
   

 

 

 
      8,548,670   
   

 

 

 

Multiline Retail—1.0%

  

Dollar General Corp.

    7,670        656,552   

Macy’s, Inc.

    315,380        13,905,104   
   

 

 

 
      14,561,656   
   

 

 

 

Oil, Gas & Consumable Fuels—12.5%

  

Apache Corp. (a)

    1,088,980        53,153,114   

Devon Energy Corp.

    663,270        18,200,129   

Gulfport Energy Corp. (b)

    860,660        24,391,105   

Hess Corp.

    34,300        1,805,895   

Marathon Oil Corp.

    3,272,480        36,455,427   

Marathon Petroleum Corp.

    327,702        12,183,960   

Valero Energy Corp.

    557,800        35,777,292   
   

 

 

 
      181,966,922   
   

 

 

 

Pharmaceuticals—8.1%

  

Merck & Co., Inc.

    1,071,790        56,708,409   

Pfizer, Inc.

    1,824,675        54,083,367   

Teva Pharmaceutical Industries, Ltd. (ADR)

    147,700        7,903,427   
   

 

 

 
      118,695,203   
   

 

 

 

Professional Services—2.7%

   

Dun & Bradstreet Corp. (The)

    8,600        886,488   

ManpowerGroup, Inc.

    30,520        2,484,938   

Professional Services—(Continued)

  

Nielsen Holdings plc

    685,000      36,072,100   
   

 

 

 
      39,443,526   
   

 

 

 

Real Estate Investment Trusts—1.4%

  

Brixmor Property Group, Inc.

    164,960        4,226,275   

Outfront Media, Inc.

    198,400        4,186,240   

Starwood Property Trust, Inc. (a)

    605,190        11,456,247   
   

 

 

 
      19,868,762   
   

 

 

 

Semiconductors & Semiconductor Equipment—4.7%

  

QUALCOMM, Inc.

    1,191,850        60,951,209   

Teradyne, Inc.

    337,548        7,287,661   
   

 

 

 
      68,238,870   
   

 

 

 

Software—0.1%

   

Oracle Corp.

    18,300        748,653   
   

 

 

 

Specialty Retail—1.4%

   

Gap, Inc. (The) (a)

    276,670        8,134,098   

GNC Holdings, Inc. - Class A (a)

    382,160        12,133,580   
   

 

 

 
      20,267,678   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.1%

  

Apple, Inc.

    151,370        16,497,816   
   

 

 

 

Thrifts & Mortgage Finance—0.2%

   

New York Community Bancorp, Inc.

    220,700        3,509,130   
   

 

 

 

Trading Companies & Distributors—0.1%

  

AerCap Holdings NV (a) (b)

    12,950        501,942   

Air Lease Corp. (a)

    14,330        460,280   
   

 

 

 
      962,222   
   

 

 

 

Wireless Telecommunication Services—2.0%

  

Telephone & Data Systems, Inc.

    807,526        24,298,457   

United States Cellular Corp. (b)

    101,850        4,653,527   
   

 

 

 
      28,951,984   
   

 

 

 

Total Common Stocks
(Cost $1,466,813,411)

      1,445,367,026   
   

 

 

 
Convertible Preferred Stocks—0.5%   

Food Products—0.4%

  

 

Tyson Foods, Inc.
4.750%, 07/15/17

    88,627        6,600,939   
   

 

 

 

Machinery—0.1%

  

 

Stanley Black & Decker, Inc.
6.250%, 11/17/16 (a)

 

 

10,940

  

 

 

1,233,703

  

   

 

 

 

Total Convertible Preferred Stocks
(Cost $5,540,901)

      7,834,642   
   

 

 

 

 

MSF-54


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Short-Term Investments—5.1%

 

Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—5.0%

  

State Street Navigator Securities Lending MET Portfolio (c)

    72,648,914      $ 72,648,914   
   

 

 

 

Repurchase Agreement—0.1%

  

Fixed Income Clearing Corp. Repurchase Agreement dated
03/31/16 at 0.030% to be repurchased at $1,837,491 on 04/01/16, collateralized by $1,840,000 U.S. Treasury Note at 1.500% due 05/31/20 with a value of $1,874,500.

    1,837,490        1,837,490   
   

 

 

 

Total Short-Term Investments
(Cost $74,486,404)

      74,486,404   
   

 

 

 

Total Investments—104.8%
(Cost $1,546,840,716) (d)

      1,527,688,072   

Other assets and liabilities (net)—(4.8)%

      (69,993,317
   

 

 

 
Net Assets—100.0%     $ 1,457,694,755   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $81,057,578 and the collateral received consisted of cash in the amount of $72,648,914 and non-cash collateral with a value of $10,315,948. 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 on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $1,546,840,716. The aggregate unrealized appreciation and depreciation of investments were $141,407,991 and $(160,560,635), respectively, resulting in net unrealized depreciation of $(19,152,644).
(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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,445,367,026       $ —        $ —         $ 1,445,367,026   

Total Convertible Preferred Stocks*

     7,834,642         —          —           7,834,642   
Short-Term Investments           

Mutual Fund

     72,648,914         —          —           72,648,914   

Repurchase Agreement

     —           1,837,490        —           1,837,490   

Total Short-Term Investments

     72,648,914         1,837,490        —           74,486,404   

Total Investments

   $ 1,525,850,582       $ 1,837,490      $ —         $ 1,527,688,072   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (72,648,914   $ —         $ (72,648,914

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-55


Table of Contents

Metropolitan Series Fund

BlackRock Ultra-Short Term Bond Portfolio (formerly, BlackRock Money Market Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Certificate of Deposit—28.6% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Foreign Banks Yankee Dollar—22.5%

  

Bank of Montreal (Chicago)
0.618%, 05/04/16 (a)

    15,000,000      $ 15,000,000   

0.693%, 07/21/16 (a)

    12,000,000        12,000,000   

0.798%, 06/01/16 (a)

    10,000,000        10,000,000   

Bank of Nova Scotia (Houston)
0.610%, 04/08/16 (a)

    10,000,000        10,000,000   

Bank of Tokyo-Mitsubishi UFJ, Ltd. (NY)
0.356%, 04/05/16

    27,000,000        27,000,000   

Canadian Imperial Bank of Commerce (NY)
0.600%, 04/18/16 (a)

    12,000,000        12,000,000   

0.864%, 09/02/16

    11,000,000        11,000,000   

Norinchukin Bank (NY)
0.641%, 06/03/16

    20,000,000        20,000,000   

Rabobank Nederland (NY)
0.508%, 05/12/16

    15,000,000        15,000,000   

0.539%, 05/10/16

    7,000,000        7,000,000   

0.621%, 04/11/16 (a)

    10,000,000        10,000,000   

0.801%, 08/11/16 (a)

    8,000,000        8,000,000   

Royal Bank of Canada (NY)
0.801%, 07/08/16 (a)

    6,000,000        6,000,000   

0.888%, 10/14/16 (a)

    5,000,000        5,000,000   

Sumitomo Mitsui Banking Corp. (NY)
0.712%, 07/08/16

    15,000,000        15,000,000   

Sumitomo Mitsui Trust Bank, Ltd. (NY)
0.366%, 04/06/16

    20,000,000        20,000,000   

Toronto Dominion Bank (NY)
0.508%, 05/06/16

    8,000,000        8,000,000   

0.610%, 05/23/16

    10,000,000        10,000,000   

0.612%, 05/19/16 (a)

    15,000,000        15,000,000   

UBS AG (Stamford)
0.832%, 07/11/16 (a)

    10,000,000        10,000,000   

Westpac Banking Corp. (NY)
0.992%, 02/06/17 (a)

    4,000,000        4,000,000   
   

 

 

 
      250,000,000   
   

 

 

 

Domestic Banks—6.1%

  

Citibank N.A. (NY)
0.661%, 05/20/16

    14,000,000        14,000,000   

State Street Bank & Trust Co.
0.669%, 06/01/16 (a)

    10,000,000        10,000,000   

Wells Fargo Bank N.A.
0.580%, 04/01/16

    15,000,000        15,000,000   

0.804%, 07/13/16 (a)

    14,000,000        14,000,000   

0.884%, 10/13/16 (a)

    8,000,000        8,000,000   

1.078%, 02/01/17

    7,000,000        7,000,000   
   

 

 

 
      68,000,000   
   

 

 

 

Total Certificate of Deposit
(Cost $318,000,000)

      318,000,000   
   

 

 

 
Asset Backed Commercial Paper (b)—28.0%   

Albion Capital LLC
0.478%, 04/15/16

    16,000,000        15,997,075   

Antalis S.A.
0.407%, 04/07/16

    22,000,000        21,998,533   

0.661%, 05/04/16

    15,000,000        14,991,062   

Bedford Row Funding Corp.
0.590%, 05/12/16

    7,810,000      7,804,841   

Chariot Funding LLC
0.864%, 07/07/16

    8,575,000        8,555,361   

0.864%, 07/11/16

    10,000,000        9,976,153   

0.895%, 10/05/16

    6,000,000        6,000,000   

Collateralized Commercial Paper Co. LLC
0.644%, 04/25/16

    15,000,000        15,000,000   

0.653%, 04/19/16

    5,000,000        5,000,000   

Collateralized Commercial Paper II Co. LLC
0.864%, 07/08/16

    15,000,000        14,965,292   

CRC Funding LLC
0.580%, 05/16/16

    12,000,000        11,991,450   

Jupiter Securitization Co. LLC
0.864%, 07/05/16

    10,000,000        9,977,569   

0.966%, 10/28/16

    10,000,000        9,944,583   

Kells Funding LLC
0.590%, 04/21/16

    10,000,000        9,996,778   

LMA Americas LLC
0.356%, 04/01/16

    8,000,000        8,000,000   

Manhattan Asset Funding Co. LLC
0.630%, 05/02/16

    6,000,000        5,996,797   

Old Line Funding LLC
0.478%, 04/04/16

    13,620,000        13,619,467   

0.783%, 06/20/16

    8,000,000        7,986,311   

0.824%, 08/18/16

    15,000,000        14,953,087   

Thunder Bay Funding LLC
0.590%, 05/23/16

    7,000,000        6,994,136   

0.763%, 04/26/16

    18,000,000        17,990,625   

0.844%, 06/15/16

    7,000,000        6,987,896   

0.854%, 07/18/16

    12,000,000        11,969,760   

Victory Receivables Corp.
0.376%, 04/01/16

    36,605,000        36,605,000   

0.508%, 04/04/16

    8,000,000        7,999,667   

Working Capital Management Co.
0.478%, 04/19/16 (144A)

    10,000,000        9,997,650   
   

 

 

 

Total Asset Backed Commercial Paper
(Cost $311,299,093)

      311,299,093   
   

 

 

 
Financial Company Commercial Paper (b)—25.8%   

Australia & New Zealand Banking Group, Ltd.
0.805%, 06/03/16

    10,000,000        10,000,000   

Bank of Nova Scotia
0.508%, 05/04/16 (144A)

    5,000,000        4,997,708   

0.620%, 05/17/16

    4,000,000        3,996,882   

BNP Paribas Fortis S.A. (NY)
0.366%, 04/06/16

    40,000,000        39,998,000   

Commonwealth Bank of Australia
0.702%, 07/05/16

    8,000,000        8,000,000   

Erste Abwicklungsanstalt
0.569%, 05/11/16

    8,145,000        8,139,932   

0.661%, 06/27/16

    15,000,000        14,976,438   

HSBC Bank plc
0.693%, 06/20/16

    10,000,000        10,000,000   

ING U.S. Funding LLC
0.630%, 04/15/16

    15,000,000        14,996,383   

 

MSF-56


Table of Contents

Metropolitan Series Fund

BlackRock Ultra-Short Term Bond Portfolio (formerly, BlackRock Money Market Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Financial Company Commercial Paper (b)—(Continued)

 

Security Description   Principal
Amount*
    Value  

La Caisse Centrale Desjardins du Quebec
0.427%, 04/25/16

    40,000,000      $ 39,988,800   

Mizuho Bank, Ltd. (NY)
0.712%, 04/18/16 (144A)

    20,000,000        19,993,389   

National Australia Bank, Ltd.
0.807%, 06/08/16

    8,000,000        8,000,000   

0.966%, 11/01/16 (144A)

    6,000,000        5,966,117   

0.966%, 11/02/16 (144A)

    5,000,000        4,971,632   

Nordea Bank AB
0.544%, 07/01/16 (144A)

    32,000,000        31,956,724   

Oversea-Chinese Banking Corp., Ltd.
0.643%, 05/19/16

    15,000,000        15,000,000   

Sumitomo Mitsui Trust Bank, Ltd. (NY)
0.661%, 05/25/16

    12,500,000        12,487,813   

0.681%, 04/06/16 (144A)

    13,000,000        12,998,790   

United Overseas Bank, Ltd.
0.701%, 05/12/16 (144A)

    10,000,000        9,992,142   

Westpac Banking Corp.
0.621%, 05/09/16

    10,000,000        10,000,000   
   

 

 

 

Total Financial Company Commercial Paper
(Cost $286,460,750)

      286,460,750   
   

 

 

 
Treasury Repurchase Agreements—12.8%   

Bank of America Corp.
Repurchase Agreement dated 03/31/16 at 0.285% to be repurchased at $117,000,911 on 04/01/16 collateralized by $99,417,000 U.S. Treasury Note at 2.500% due 07/15/16 with a value $119,340,120.

    117,000,000        117,000,000   

JPMorgan Securities, Inc.
Repurchase Agreement dated 03/31/16 at 0.315% to be repurchased at $25,000,215 on 04/01/16 collateralized by $22,992,100 U.S. Treasury Notes with rates ranging from 3.625% - 4.000%, maturity dates ranging from 08/15/18 - 08/15/43, with a value $25,501,481.

    25,000,000        25,000,000   
   

 

 

 

Total Treasury Repurchase Agreements
(Cost $142,000,000)

      142,000,000   
   

 

 

 
Other Note—2.0%   
Security Description   Principal
Amount*
    Value  

GE Capital International Funding Co.
0.509%, 04/15/16 (144A)

    5,000,000      5,000,877   

Natixis S.A.
0.254%, 04/01/16

    17,000,000        17,000,000   
   

 

 

 

Total Other Note
(Cost $22,000,877)

      22,000,877   
   

 

 

 
Other Commercial Paper (b)—1.4%   

CPPIB Capital, Inc.
0.610%, 04/01/16

    15,000,000        15,000,000   
   

 

 

 

Total Other Commercial Paper
(Cost $15,000,000)

      15,000,000   
   

 

 

 
Treasury Debt—1.3%   

U.S. Treasury Floating Rate Note
0.359%, 10/31/16 (a)

    11,760,000        11,760,005   

0.640%, 10/31/17 (a)

    2,371,000        2,365,263   
   

 

 

 

Total Treasury Debt
(Cost $14,125,268)

      14,125,268   
   

 

 

 

Total Investments—99.9%
(Cost $1,108,885,988) (c)

      1,108,885,988   

Other assets and liabilities (net)—0.1%

      1,187,096   
   

 

 

 
Net Assets—100.0%     $ 1,110,073,084   
   

 

 

 

 

* 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, 2016. Maturity date shown for callable securities reflects the earliest possible call date.
(b) The rate shown represents current yield to maturity.
(c) As of March 31, 2016, the aggregate cost of investments was $1,108,885,988.
(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, 2016, the market value of 144A securities was $105,875,029, which is 9.5% of net assets.

 

MSF-57


Table of Contents

Metropolitan Series Fund

BlackRock Ultra-Short Term Bond Portfolio (formerly, BlackRock Money Market Portfolio)

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  

Certificate of Deposit*

   $ —         $ 318,000,000       $ —         $ 318,000,000   

Asset Backed Commercial Paper

     —           311,299,093         —           311,299,093   

Financial Company Commercial Paper

     —           286,460,750         —           286,460,750   

Treasury Repurchase Agreement

     —           142,000,000         —           142,000,000   

Other Note

     —           22,000,877         —           22,000,877   

Other Commercial Paper

     —           15,000,000         —           15,000,000   

Treasury Debt

     —           14,125,268         —           14,125,268   

Total Investments

   $ —         $ 1,108,885,988       $ —         $ 1,108,885,988   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-58


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—99.3% of Net Assets

 

Security Description   Shares     Value  

Airlines—2.8%

   

American Airlines Group, Inc.

    495,218      $ 20,308,890   

United Continental Holdings, Inc. (a)

    196,019        11,733,697   
   

 

 

 
      32,042,587   
   

 

 

 

Banks—2.0%

   

Citizens Financial Group, Inc.

    253,674        5,314,470   

Signature Bank (a)

    123,542        16,816,537   
   

 

 

 
      22,131,007   
   

 

 

 

Beverages—2.1%

   

Brown-Forman Corp. - Class B (b)

    130,557        12,855,948   

Monster Beverage Corp. (a)

    81,441        10,862,600   
   

 

 

 
      23,718,548   
   

 

 

 

Biotechnology—2.3%

   

Alkermes plc (a) (b)

    125,175        4,279,733   

BioMarin Pharmaceutical, Inc. (a)

    67,809        5,592,886   

Incyte Corp. (a) (b)

    97,704        7,080,609   

Medivation, Inc. (a)

    204,467        9,401,393   
   

 

 

 
      26,354,621   
   

 

 

 

Capital Markets—3.1%

   

E*Trade Financial Corp. (a)

    465,807        11,407,613   

Raymond James Financial, Inc.

    376,792        17,939,067   

WisdomTree Investments, Inc. (b)

    506,557        5,789,947   
   

 

 

 
      35,136,627   
   

 

 

 

Chemicals—2.4%

   

Sherwin-Williams Co. (The)

    94,929        27,023,438   
   

 

 

 

Commercial Services & Supplies—4.1%

  

Cintas Corp.

    226,077        20,303,975   

KAR Auction Services, Inc.

    267,417        10,199,285   

Waste Connections, Inc. (b)

    249,432        16,110,813   
   

 

 

 
      46,614,073   
   

 

 

 

Construction Materials—0.7%

   

Eagle Materials, Inc.

    111,594        7,823,855   
   

 

 

 

Distributors—1.3%

   

LKQ Corp. (a)

    445,745        14,232,638   
   

 

 

 

Diversified Consumer Services—0.8%

   

Bright Horizons Family Solutions, Inc. (a)

    134,792        8,731,826   
   

 

 

 

Diversified Financial Services—2.4%

   

Moody’s Corp.

    88,857        8,580,032   

Nasdaq, Inc.

    273,994        18,187,722   
   

 

 

 
      26,767,754   
   

 

 

 

Diversified Telecommunication Services—1.1%

  

Cogent Communications Holdings, Inc. (b)

    315,138        12,299,836   
   

 

 

 

Electronic Equipment, Instruments & Components—0.8%

  

Amphenol Corp. - Class A (b)

    158,642      9,172,680   
   

 

 

 

Food Products—0.8%

   

Mead Johnson Nutrition Co. (b)

    106,727        9,068,593   
   

 

 

 

Health Care Equipment & Supplies—6.4%

  

C.R. Bard, Inc.

    99,276        20,120,267   

Cooper Cos., Inc. (The) (b)

    115,062        17,716,096   

DexCom, Inc. (a)

    74,053        5,028,939   

Hologic, Inc. (a)

    195,167        6,733,262   

STERIS plc (b)

    244,567        17,376,485   

Teleflex, Inc.

    36,479        5,727,568   
   

 

 

 
      72,702,617   
   

 

 

 

Health Care Providers & Services—1.9%

  

Humana, Inc.

    48,741        8,917,166   

Universal Health Services, Inc. - Class B

    98,811        12,323,708   
   

 

 

 
      21,240,874   
   

 

 

 

Health Care Technology—0.6%

   

Cerner Corp. (a)

    129,231        6,844,074   
   

 

 

 

Hotels, Restaurants & Leisure—4.0%

   

Aramark

    690,519        22,869,989   

MGM Resorts International (a)

    266,080        5,704,755   

Royal Caribbean Cruises, Ltd. (b)

    199,200        16,364,280   
   

 

 

 
      44,939,024   
   

 

 

 

Household Durables—1.6%

   

Harman International Industries, Inc. (b)

    200,051        17,812,541   
   

 

 

 

Industrial Conglomerates—1.4%

   

Roper Technologies, Inc.

    88,630        16,198,905   
   

 

 

 

Insurance—2.1%

   

Aon plc

    224,273        23,425,315   
   

 

 

 

Internet & Catalog Retail—1.1%

   

Expedia, Inc.

    112,390        12,117,890   
   

 

 

 

IT Services—11.1%

   

Alliance Data Systems Corp. (a)

    92,947        20,448,340   

Euronet Worldwide, Inc. (a)

    324,559        24,053,067   

Gartner, Inc. (a)

    78,774        7,038,457   

Genpact, Ltd. (a)

    269,172        7,318,787   

Global Payments, Inc.

    334,666        21,853,690   

Jack Henry & Associates, Inc.

    162,972        13,782,542   

Sabre Corp.

    207,452        5,999,512   

Vantiv, Inc. - Class A (a)

    469,784        25,311,962   
   

 

 

 
      125,806,357   
   

 

 

 

Leisure Products—1.6%

   

Brunswick Corp.

    372,837        17,888,719   
   

 

 

 

 

MSF-59


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Life Sciences Tools & Services—1.9%

  

Illumina, Inc. (a)

    34,874      $ 5,653,424   

PAREXEL International Corp. (a) (b)

    258,400        16,209,432   
   

 

 

 
      21,862,856   
   

 

 

 

Machinery—1.2%

   

Wabtec Corp. (b)

    172,788        13,700,361   
   

 

 

 

Marine—1.1%

   

Kirby Corp. (a) (b)

    198,144        11,946,102   
   

 

 

 

Media—0.7%

   

IMAX Corp. (a) (b)

    249,728        7,764,044   
   

 

 

 

Multiline Retail—3.9%

   

Dollar General Corp.

    242,582        20,765,019   

Dollar Tree, Inc. (a) (b)

    288,251        23,769,178   
   

 

 

 
      44,534,197   
   

 

 

 

Oil, Gas & Consumable Fuels—0.8%

  

Carrizo Oil & Gas, Inc. (a) (b)

    299,641        9,264,900   
   

 

 

 

Pharmaceuticals—1.6%

   

Perrigo Co. plc (b)

    138,167        17,675,704   
   

 

 

 

Professional Services—2.3%

   

Equifax, Inc.

    231,638        26,473,907   
   

 

 

 

Road & Rail—1.6%

   

J.B. Hunt Transport Services, Inc.

    217,986        18,363,141   
   

 

 

 

Semiconductors & Semiconductor Equipment—4.0%

  

Analog Devices, Inc.

    210,946        12,485,894   

Lam Research Corp.

    162,972        13,461,487   

NXP Semiconductor NV (a)

    72,385        5,868,252   

Qorvo, Inc. (a)

    270,503        13,636,056   
   

 

 

 
      45,451,689   
   

 

 

 

Software—12.8%

   

Activision Blizzard, Inc.

    681,418        23,059,185   

Cadence Design Systems, Inc. (a)

    901,142        21,248,928   

CDK Global, Inc.

    424,401        19,755,866   

Electronic Arts, Inc. (a) (b)

    488,326        32,283,232   

Fair Isaac Corp. (b)

    130,918        13,889,091   

Fortinet, Inc. (a)

    382,568        11,718,058   

Mobileye NV (a) (b)

    163,010        6,078,643   

Red Hat, Inc. (a)

    231,313        17,235,132   
   

 

 

 
      145,268,135   
   

 

 

 

Specialty Retail—5.7%

   

Advance Auto Parts, Inc.

    104,681        16,784,552   

L Brands, Inc. (b)

    118,573        10,411,895   

O’Reilly Automotive, Inc. (a) (b)

    40,352        11,042,728   

Ross Stores, Inc.

    450,198        26,066,464   
   

 

 

 
      64,305,639   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.5%

  

Carter’s, Inc.

    61,301      6,459,899   

lululemon athletica, Inc. (a) (b)

    159,225        10,781,125   
   

 

 

 
      17,241,024   
   

 

 

 

Trading Companies & Distributors—1.7%

  

HD Supply Holdings, Inc. (a)

    592,895        19,607,038   
   

 

 

 

Total Common Stocks
(Cost $1,003,296,689)

      1,123,553,136   
   

 

 

 
Short-Term Investments—15.1%   

Mutual Fund—13.8%

   

State Street Navigator Securities Lending MET Portfolio (c)

    156,515,696        156,515,696   
   

 

 

 

Repurchase Agreement—1.3%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $14,463,494 on 04/01/16, collateralized by $14,485,000 U.S. Treasury Note at 1.500% due 05/31/20 with a value of $14,756,594.

    14,463,482        14,463,482   
   

 

 

 

Total Short-Term Investments
(Cost $170,979,178)

      170,979,178   
   

 

 

 

Total Investments—114.4%
(Cost $1,174,275,867) (d)

      1,294,532,314   

Other assets and liabilities (net)—(14.4)%

      (163,402,974
   

 

 

 
Net Assets—100.0%     $ 1,131,129,340   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $168,058,664 and the collateral received consisted of cash in the amount of $156,515,696 and non-cash collateral with a value of $15,126,179. 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 on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $1,174,275,867. The aggregate unrealized appreciation and depreciation of investments were $159,926,474 and $(39,670,027), respectively, resulting in net unrealized appreciation of $120,256,447.

 

MSF-60


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,123,553,136       $ —        $ —         $ 1,123,553,136   
Short-Term Investments           

Mutual Fund

     156,515,696         —          —           156,515,696   

Repurchase Agreement

     —           14,463,482        —           14,463,482   

Total Short-Term Investments

     156,515,696         14,463,482        —           170,979,178   

Total Investments

   $ 1,280,068,832       $ 14,463,482      $ —         $ 1,294,532,314   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (156,515,696   $ —         $ (156,515,696

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-61


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—99.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.8%

   

Boeing Co. (The) (a)

    366,792      $ 46,560,576   
   

 

 

 

Automobiles—1.3%

   

Tesla Motors, Inc. (a) (b)

    147,232        33,829,497   
   

 

 

 

Banks—0.5%

   

Citigroup, Inc.

    314,096        13,113,508   
   

 

 

 

Beverages—1.2%

   

Constellation Brands, Inc. - Class A

    52,258        7,895,661   

Monster Beverage Corp. (b)

    177,579        23,685,487   
   

 

 

 
      31,581,148   
   

 

 

 

Biotechnology—6.6%

   

Alexion Pharmaceuticals, Inc. (b)

    268,483        37,378,203   

Biogen, Inc. (b)

    137,149        35,702,628   

BioMarin Pharmaceutical, Inc. (b)

    135,504        11,176,370   

Celgene Corp. (b)

    505,926        50,638,133   

Regeneron Pharmaceuticals, Inc. (b)

    76,260        27,487,155   

Vertex Pharmaceuticals, Inc. (b)

    121,439        9,653,186   
   

 

 

 
      172,035,675   
   

 

 

 

Capital Markets—0.7%

   

Morgan Stanley

    784,238        19,613,792   
   

 

 

 

Chemicals—0.6%

   

Monsanto Co.

    194,486        17,064,202   
   

 

 

 

Communications Equipment—0.8%

   

Palo Alto Networks, Inc. (a) (b)

    130,458        21,282,918   
   

 

 

 

Diversified Financial Services—1.0%

   

McGraw Hill Financial, Inc.

    272,768        26,998,577   
   

 

 

 

Energy Equipment & Services—0.5%

   

Schlumberger, Ltd. (a)

    173,509        12,796,289   
   

 

 

 

Food & Staples Retailing—3.4%

   

Costco Wholesale Corp.

    310,630        48,949,076   

Kroger Co. (The)

    1,073,953        41,078,702   
   

 

 

 
      90,027,778   
   

 

 

 

Health Care Equipment & Supplies—1.2%

  

Abbott Laboratories

    747,980        31,288,003   
   

 

 

 

Hotels, Restaurants & Leisure—5.1%

   

Marriott International, Inc. - Class A (a)

    657,335        46,789,105   

McDonald’s Corp.

    284,308        35,731,830   

Starbucks Corp.

    865,239        51,654,768   
   

 

 

 
      134,175,703   
   

 

 

 

Industrial Conglomerates—1.2%

   

General Electric Co.

    988,125        31,412,494   
   

 

 

 

Internet & Catalog Retail—9.1%

   

Amazon.com, Inc. (b)

    210,370      124,884,047   

JD.com, Inc. (ADR) (b)

    519,142        13,757,263   

Netflix, Inc. (a) (b)

    596,318        60,961,589   

Priceline Group, Inc. (The) (b)

    29,119        37,533,226   
   

 

 

 
      237,136,125   
   

 

 

 

Internet Software & Services—15.3%

   

Alibaba Group Holding, Ltd. (ADR) (a) (b)

    545,014        43,072,456   

Alphabet, Inc. - Class A (b)

    105,122        80,197,574   

Alphabet, Inc. - Class C (b)

    109,936        81,896,823   

Facebook, Inc. - Class A (b)

    1,190,995        135,892,530   

Tencent Holdings, Ltd.

    2,901,372        59,305,346   
   

 

 

 
      400,364,729   
   

 

 

 

IT Services—6.4%

   

MasterCard, Inc. - Class A

    816,645        77,172,953   

Visa, Inc. - Class A (a)

    1,168,498        89,366,727   
   

 

 

 
      166,539,680   
   

 

 

 

Life Sciences Tools & Services—1.3%

  

Illumina, Inc. (b)

    203,580        33,002,354   
   

 

 

 

Media—3.1%

   

Time Warner, Inc.

    390,156        28,305,818   

Walt Disney Co. (The)

    525,402        52,177,672   
   

 

 

 
      80,483,490   
   

 

 

 

Oil, Gas & Consumable Fuels—1.0%

   

Concho Resources, Inc. (a) (b)

    157,077        15,871,060   

EOG Resources, Inc.

    141,774        10,289,957   
   

 

 

 
      26,161,017   
   

 

 

 

Pharmaceuticals—6.2%

   

Allergan plc (b)

    141,600        37,953,048   

Bristol-Myers Squibb Co.

    886,809        56,649,359   

Novo Nordisk A/S (ADR)

    492,073        26,665,436   

Shire plc (ADR) (a)

    235,536        40,488,638   
   

 

 

 
      161,756,481   
   

 

 

 

Real Estate Investment Trusts—1.2%

   

American Tower Corp.

    312,636        32,004,547   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.9%

  

ARM Holdings plc (ADR) (a)

    564,245        24,651,864   

NXP Semiconductors NV (b)

    294,156        23,847,227   
   

 

 

 
      48,499,091   
   

 

 

 

Software—10.4%

   

Adobe Systems, Inc. (b)

    633,564        59,428,303   

Atlassian Corp. plc - Class A (b)

    38,882        977,882   

Microsoft Corp.

    1,045,357        57,735,067   

Red Hat, Inc. (b)

    559,091        41,657,871   

Salesforce.com, Inc. (b)

    780,876        57,652,075   

Splunk, Inc. (a) (b)

    466,161        22,809,258   

 

MSF-62


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Software—(Continued)

   

Workday, Inc. - Class A (a) (b)

    395,018      $ 30,353,183   
   

 

 

 
      270,613,639   
   

 

 

 

Specialty Retail—7.7%

  

Home Depot, Inc. (The)

    240,032        32,027,470   

Industria de Diseno Textil S.A.

    1,783,518        59,837,082   

L Brands, Inc. (a)

    189,697        16,657,294   

O’Reilly Automotive, Inc. (b)

    195,915        53,614,099   

TJX Cos., Inc. (The)

    509,131        39,890,414   
   

 

 

 
      202,026,359   
   

 

 

 

Technology Hardware, Storage & Peripherals—5.5%

  

Apple, Inc.

    1,310,278        142,807,199   
   

 

 

 

Textiles, Apparel & Luxury Goods—4.6%

  

NIKE, Inc. - Class B

    1,272,891        78,244,610   

Under Armour, Inc. - Class A (a) (b)

    499,637        42,384,206   
   

 

 

 
      120,628,816   
   

 

 

 

Total Common Stocks
(Cost $1,892,414,627)

      2,603,803,687   
   

 

 

 
Short-Term Investments—11.1%   

Mutual Fund—10.8%

  

State Street Navigator Securities Lending MET Portfolio (c)

    281,204,274        281,204,274   
   

 

 

 
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.3%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $9,186,499 on 04/01/16, collateralized by $9,270,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $9,374,288.

    9,186,492      9,186,492   
   

 

 

 

Total Short-Term Investments
(Cost $290,390,766)

      290,390,766   
   

 

 

 

Total Investments—110.7%
(Cost $2,182,805,393) (d)

      2,894,194,453   

Other assets and liabilities (net)—(10.7)%

      (280,636,214
   

 

 

 
Net Assets—100.0%     $ 2,613,558,239   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $452,786,173 and the collateral received consisted of cash in the amount of $281,204,274 and non-cash collateral with a value of $181,497,741. 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 on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $2,182,805,393. The aggregate unrealized appreciation and depreciation of investments were $775,779,266 and $(64,390,206), respectively, resulting in net unrealized appreciation of $711,389,060.
(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-63


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 46,560,576       $ —        $ —         $ 46,560,576   

Automobiles

     33,829,497         —          —           33,829,497   

Banks

     13,113,508         —          —           13,113,508   

Beverages

     31,581,148         —          —           31,581,148   

Biotechnology

     172,035,675         —          —           172,035,675   

Capital Markets

     19,613,792         —          —           19,613,792   

Chemicals

     17,064,202         —          —           17,064,202   

Communications Equipment

     21,282,918         —          —           21,282,918   

Diversified Financial Services

     26,998,577         —          —           26,998,577   

Energy Equipment & Services

     12,796,289         —          —           12,796,289   

Food & Staples Retailing

     90,027,778         —          —           90,027,778   

Health Care Equipment & Supplies

     31,288,003         —          —           31,288,003   

Hotels, Restaurants & Leisure

     134,175,703         —          —           134,175,703   

Industrial Conglomerates

     31,412,494         —          —           31,412,494   

Internet & Catalog Retail

     237,136,125         —          —           237,136,125   

Internet Software & Services

     341,059,383         59,305,346        —           400,364,729   

IT Services

     166,539,680         —          —           166,539,680   

Life Sciences Tools & Services

     33,002,354         —          —           33,002,354   

Media

     80,483,490         —          —           80,483,490   

Oil, Gas & Consumable Fuels

     26,161,017         —          —           26,161,017   

Pharmaceuticals

     161,756,481         —          —           161,756,481   

Real Estate Investment Trusts

     32,004,547         —          —           32,004,547   

Semiconductors & Semiconductor Equipment

     48,499,091         —          —           48,499,091   

Software

     270,613,639         —          —           270,613,639   

Specialty Retail

     142,189,277         59,837,082        —           202,026,359   

Technology Hardware, Storage & Peripherals

     142,807,199         —          —           142,807,199   

Textiles, Apparel & Luxury Goods

     120,628,816         —          —           120,628,816   

Total Common Stocks

     2,484,661,259         119,142,428        —           2,603,803,687   
Short-Term Investments           

Mutual Fund

     281,204,274         —          —           281,204,274   

Repurchase Agreement

     —           9,186,492        —           9,186,492   

Total Short-Term Investments

     281,204,274         9,186,492        —           290,390,766   

Total Investments

   $ 2,765,865,533       $ 128,328,920      $ —         $ 2,894,194,453   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (281,204,274   $ —         $ (281,204,274

 

MSF-64


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—98.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.6%

   

Aerojet Rocketdyne Holdings, Inc. (a) (b)

    40,681      $ 666,355   

BWX Technologies, Inc.

    80,726        2,709,164   

DigitalGlobe, Inc. (a)

    99,753        1,725,727   

Hexcel Corp.

    37,465        1,637,595   
   

 

 

 
      6,738,841   
   

 

 

 

Auto Components—1.2%

   

Fox Factory Holding Corp. (a) (b)

    112,076        1,771,921   

Gentherm, Inc. (a)

    34,201        1,422,420   

Horizon Global Corp. (a)

    49,297        620,156   

Tenneco, Inc. (a)

    24,756        1,275,182   
   

 

 

 
      5,089,679   
   

 

 

 

Banks—11.7%

   

BancorpSouth, Inc.

    125,361        2,671,443   

Bank of the Ozarks, Inc. (b)

    33,457        1,404,190   

Bryn Mawr Bank Corp.

    71,718        1,845,304   

Cathay General Bancorp

    125,984        3,569,127   

CVB Financial Corp. (b)

    142,216        2,481,669   

First Financial Bancorp

    144,502        2,627,046   

First Financial Bankshares, Inc. (b)

    66,811        1,976,270   

Home BancShares, Inc. (b)

    54,813        2,244,592   

Iberiabank Corp.

    46,332        2,375,442   

LegacyTexas Financial Group, Inc.

    44,495        874,327   

PacWest Bancorp (b)

    65,575        2,436,111   

Pinnacle Financial Partners, Inc.

    83,000        4,071,980   

Popular, Inc.

    75,510        2,160,341   

PrivateBancorp, Inc.

    41,437        1,599,468   

Prosperity Bancshares, Inc. (b)

    61,971        2,874,835   

Renasant Corp.

    22,801        750,381   

Signature Bank (a)

    29,196        3,974,160   

Talmer Bancorp, Inc. - Class A

    245,837        4,447,191   

Texas Capital Bancshares, Inc. (a)

    38,371        1,472,679   

Triumph Bancorp, Inc. (a)

    35,029        554,509   

Wintrust Financial Corp. (b)

    61,820        2,741,099   
   

 

 

 
      49,152,164   
   

 

 

 

Beverages—0.7%

   

Cott Corp.

    205,262        2,851,089   
   

 

 

 

Biotechnology—1.5%

   

Emergent Biosolutions, Inc. (a)

    60,377        2,194,704   

Genomic Health, Inc. (a) (b)

    46,377        1,148,758   

Ironwood Pharmaceuticals, Inc. (a) (b)

    112,501        1,230,761   

Lexicon Pharmaceuticals, Inc. (a) (b)

    82,825        989,759   

Ophthotech Corp. (a)

    17,449        737,569   
   

 

 

 
      6,301,551   
   

 

 

 

Building Products—2.1%

   

Apogee Enterprises, Inc.

    34,756        1,525,441   

Armstrong World Industries, Inc. (a)

    43,018        2,080,781   

Masonite International Corp. (a) (b)

    29,564        1,936,442   

Patrick Industries, Inc. (a)

    28,680        1,301,785   

Trex Co., Inc. (a) (b)

    37,872        1,815,205   
   

 

 

 
      8,659,654   
   

 

 

 

Capital Markets—1.6%

   

Artisan Partners Asset Management, Inc. - Class A (b)

    42,319      1,305,118   

Financial Engines, Inc.

    36,299        1,140,878   

Hercules Capital, Inc. (b)

    122,023        1,465,496   

HFF, Inc. - Class A

    47,141        1,297,792   

Stifel Financial Corp. (a)

    56,327        1,667,279   
   

 

 

 
      6,876,563   
   

 

 

 

Chemicals—0.9%

   

Cabot Corp.

    33,522        1,620,118   

Minerals Technologies, Inc.

    36,581        2,079,630   
   

 

 

 
      3,699,748   
   

 

 

 

Commercial Services & Supplies—3.0%

   

Clean Harbors, Inc. (a)

    14,318        706,450   

Healthcare Services Group, Inc. (b)

    61,688        2,270,735   

KAR Auction Services, Inc.

    86,743        3,308,378   

Kimball International, Inc. - Class B

    81,822        928,680   

Knoll, Inc.

    73,181        1,584,369   

Viad Corp.

    62,653        1,826,961   

West Corp.

    81,213        1,853,281   
   

 

 

 
      12,478,854   
   

 

 

 

Communications Equipment—0.9%

   

ARRIS International plc (a)

    64,351        1,474,925   

Calix, Inc. (a) (b)

    100,843        714,977   

Ciena Corp. (a) (b)

    42,626        810,746   

Digi International, Inc. (a)

    95,393        899,556   
   

 

 

 
      3,900,204   
   

 

 

 

Construction & Engineering—1.5%

   

Argan, Inc.

    29,304        1,030,329   

Granite Construction, Inc.

    43,488        2,078,726   

MYR Group, Inc. (a)

    68,157        1,711,422   

Primoris Services Corp.

    60,544        1,471,219   
   

 

 

 
      6,291,696   
   

 

 

 

Construction Materials—0.5%

   

Summit Materials, Inc. - Class A (a)

    61,836        1,202,710   

U.S. Concrete, Inc. (a) (b)

    13,405        798,670   
   

 

 

 
      2,001,380   
   

 

 

 

Consumer Finance—0.2%

   

Credit Acceptance Corp. (a) (b)

    3,355        609,100   
   

 

 

 

Distributors—1.0%

   

Core-Mark Holding Co., Inc. (b)

    26,828        2,188,092   

Pool Corp. (b)

    24,876        2,182,620   
   

 

 

 
      4,370,712   
   

 

 

 

Diversified Consumer Services—1.5%

   

Bright Horizons Family Solutions, Inc. (a)

    35,683        2,311,545   

Grand Canyon Education, Inc. (a)

    25,178        1,076,107   

Houghton Mifflin Harcourt Co. (a)

    77,103        1,537,434   

 

MSF-65


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Consumer Services—(Continued)

  

Nord Anglia Education, Inc. (a) (b)

    70,173      $ 1,465,914   
   

 

 

 
      6,391,000   
   

 

 

 

Diversified Financial Services—1.3%

   

FNFV Group (a) (b)

    160,467        1,741,067   

MarketAxess Holdings, Inc. (b)

    31,067        3,878,094   
   

 

 

 
      5,619,161   
   

 

 

 

Diversified Telecommunication Services—0.4%

  

Cogent Communications Holdings, Inc. (b)

    44,905        1,752,642   
   

 

 

 

Electric Utilities—0.7%

   

ALLETE, Inc.

    55,503        3,112,053   
   

 

 

 

Electrical Equipment—1.1%

   

AZZ, Inc.

    15,920        901,072   

Babcock & Wilcox Enterprises, Inc. (a)

    98,540        2,108,756   

EnerSys

    17,088        952,143   

Generac Holdings, Inc. (a)

    19,227        716,014   
   

 

 

 
      4,677,985   
   

 

 

 

Electronic Equipment, Instruments & Components—4.2%

  

Belden, Inc.

    37,769        2,318,261   

FEI Co.

    23,724        2,111,673   

IPG Photonics Corp. (a) (b)

    19,027        1,828,114   

Littelfuse, Inc.

    34,223        4,213,194   

Methode Electronics, Inc.

    50,609        1,479,807   

Rogers Corp. (a)

    39,452        2,361,992   

VeriFone Systems, Inc. (a) (b)

    38,737        1,093,933   

Vishay Intertechnology, Inc. (b)

    82,858        1,011,696   

Zebra Technologies Corp. - Class A (a)

    19,722        1,360,818   
   

 

 

 
      17,779,488   
   

 

 

 

Energy Equipment & Services—1.3%

   

Bristow Group, Inc. (b)

    39,764        752,335   

Dril-Quip, Inc. (a) (b)

    20,538        1,243,781   

Natural Gas Services Group, Inc. (a)

    53,151        1,149,656   

RPC, Inc. (b)

    91,061        1,291,245   

U.S. Silica Holdings, Inc. (b)

    50,466        1,146,588   
   

 

 

 
      5,583,605   
   

 

 

 

Food & Staples Retailing—0.6%

   

SpartanNash Co.

    81,622        2,473,963   
   

 

 

 

Food Products—1.8%

   

Amplify Snack Brands, Inc. (a)

    12,668        181,406   

Darling Ingredients, Inc. (a)

    88,023        1,159,263   

J&J Snack Foods Corp.

    6,991        756,986   

Post Holdings, Inc. (a)

    61,181        4,207,417   

Snyder’s-Lance, Inc. (b)

    38,946        1,226,020   
   

 

 

 
      7,531,092   
   

 

 

 

Health Care Equipment & Supplies—4.3%

   

Cynosure, Inc. - Class A (a)

    89,689        3,957,079   

Health Care Equipment & Supplies—(Continued)

  

Globus Medical, Inc. - Class A (a) (b)

    51,064      1,212,770   

Halyard Health, Inc. (a)

    55,540        1,595,664   

Inogen, Inc. (a) (b)

    32,548        1,464,009   

Insulet Corp. (a)

    48,094        1,594,797   

Integra LifeSciences Holdings Corp. (a) (b)

    25,671        1,729,198   

Natus Medical, Inc. (a)

    42,649        1,639,001   

Neogen Corp. (a)

    30,582        1,539,804   

SurModics, Inc. (a)

    42,270        778,191   

Teleflex, Inc. (b)

    15,110        2,372,421   
   

 

 

 
      17,882,934   
   

 

 

 

Health Care Providers & Services—2.7%

   

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

    27,550        1,518,280   

Aceto Corp. (b)

    51,800        1,220,408   

AMN Healthcare Services, Inc. (a)

    51,679        1,736,931   

Amsurg Corp. (a)

    20,133        1,501,922   

Ensign Group, Inc. (The)

    71,915        1,628,156   

PharMerica Corp. (a)

    60,638        1,340,706   

Surgery Partners, Inc. (a)

    52,730        699,200   

WellCare Health Plans, Inc. (a)

    20,128        1,866,872   
   

 

 

 
      11,512,475   
   

 

 

 

Health Care Technology—0.7%

   

Medidata Solutions, Inc. (a)

    37,211        1,440,438   

Press Ganey Holdings, Inc. (a)

    44,842        1,348,847   
   

 

 

 
      2,789,285   
   

 

 

 

Hotels, Restaurants & Leisure—5.6%

   

Carrols Restaurant Group, Inc. (a)

    78,313        1,130,840   

Churchill Downs, Inc.

    21,073        3,116,275   

Chuy’s Holdings, Inc. (a) (b)

    50,299        1,562,790   

Cracker Barrel Old Country Store, Inc. (b)

    6,635        1,012,966   

Del Frisco’s Restaurant Group, Inc. (a) (b)

    43,302        717,947   

Diamond Resorts International, Inc. (a) (b)

    87,880        2,135,484   

J. Alexander’s Holdings, Inc. (a)

    37,861        399,812   

Krispy Kreme Doughnuts, Inc. (a)

    72,639        1,132,442   

Marriott Vacations Worldwide Corp.

    34,539        2,331,383   

Popeyes Louisiana Kitchen, Inc. (a)

    28,433        1,480,222   

Six Flags Entertainment Corp. (b)

    54,314        3,013,884   

Texas Roadhouse, Inc. (b)

    48,828        2,127,924   

Vail Resorts, Inc.

    13,486        1,803,078   

Zoe’s Kitchen, Inc. (a) (b)

    37,656        1,468,207   
   

 

 

 
      23,433,254   
   

 

 

 

Household Durables—1.1%

   

Helen of Troy, Ltd. (a) (b)

    18,187        1,885,810   

Jarden Corp. (a) (b)

    25,659        1,512,598   

Libbey, Inc. (b)

    25,889        481,536   

Universal Electronics, Inc. (a)

    14,971        928,052   
   

 

 

 
      4,807,996   
   

 

 

 

Household Products—0.2%

   

HRG Group, Inc. (a)

    71,260        992,652   
   

 

 

 

 

MSF-66


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Industrial Conglomerates—0.3%

   

Raven Industries, Inc. (b)

    86,486      $ 1,385,506   
   

 

 

 

Insurance—2.0%

   

Atlas Financial Holdings, Inc. (a)

    34,991        634,737   

Employers Holdings, Inc.

    103,942        2,924,928   

ProAssurance Corp.

    45,299        2,292,129   

Reinsurance Group of America, Inc.

    27,885        2,683,931   
   

 

 

 
      8,535,725   
   

 

 

 

Internet & Catalog Retail—1.2%

   

1-800-Flowers.com, Inc. - Class A (a)

    120,741        951,439   

HSN, Inc. (b)

    31,016        1,622,447   

Liberty Ventures - Series A (a)

    32,340        1,265,141   

Wayfair, Inc. - Class A (a) (b)

    25,731        1,112,094   
   

 

 

 
      4,951,121   
   

 

 

 

Internet Software & Services—1.3%

   

Criteo S.A. (ADR) (a)

    42,353        1,754,261   

LogMeIn, Inc. (a)

    17,420        879,013   

Q2 Holdings, Inc. (a)

    57,641        1,385,690   

Wix.com, Ltd. (a)

    62,806        1,273,078   
   

 

 

 
      5,292,042   
   

 

 

 

IT Services—5.7%

   

Blackhawk Network Holdings, Inc. (a) (b)

    41,522        1,424,205   

Booz Allen Hamilton Holding Corp.

    80,913        2,450,046   

Convergys Corp. (b)

    49,344        1,370,283   

CSG Systems International, Inc. (b)

    41,850        1,889,946   

DST Systems, Inc.

    24,972        2,816,092   

EPAM Systems, Inc. (a) (b)

    22,192        1,657,077   

Euronet Worldwide, Inc. (a)

    69,914        5,181,326   

InterXion Holding NV (a)

    52,171        1,804,073   

Perficient, Inc. (a)

    84,986        1,845,896   

Square, Inc. - Class A (a) (b)

    89,439        1,366,628   

WEX, Inc. (a)

    26,084        2,174,362   
   

 

 

 
      23,979,934   
   

 

 

 

Leisure Products—0.5%

   

Vista Outdoor, Inc. (a)

    38,306        1,988,464   
   

 

 

 

Life Sciences Tools & Services—1.3%

   

Albany Molecular Research, Inc. (a)

    9,637        147,350   

Cambrex Corp. (a)

    31,875        1,402,500   

INC Research Holdings, Inc. - Class A (a)

    38,830        1,600,184   

VWR Corp. (a)

    81,539        2,206,445   
   

 

 

 
      5,356,479   
   

 

 

 

Machinery—4.2%

   

Alamo Group, Inc. (b)

    18,612        1,036,875   

Albany International Corp. - Class A

    51,129        1,921,939   

Altra Industrial Motion Corp.

    33,507        930,824   

Astec Industries, Inc.

    23,820        1,111,679   

John Bean Technologies Corp.

    61,156        3,449,810   

Middleby Corp. (The) (a)

    13,904        1,484,530   

Proto Labs, Inc. (a) (b)

    30,610        2,359,725   

Machinery—(Continued)

   

RBC Bearings, Inc. (a) (b)

    58,959      4,319,336   

TriMas Corp. (a)

    67,251        1,178,238   
   

 

 

 
      17,792,956   
   

 

 

 

Marine—0.2%

   

Kirby Corp. (a)

    15,921        959,877   
   

 

 

 

Media—2.4%

   

Carmike Cinemas, Inc. (a) (b)

    22,376        672,175   

EW Scripps Co. (The) - Class A

    110,027        1,715,321   

IMAX Corp. (a) (b)

    39,411        1,225,288   

John Wiley & Sons, Inc. - Class A

    40,041        1,957,605   

National CineMedia, Inc.

    137,768        2,095,451   

New Media Investment Group, Inc. (b)

    140,721        2,341,597   
   

 

 

 
      10,007,437   
   

 

 

 

Metals & Mining—0.6%

   

Ferroglobe plc

    106,288        936,397   

Haynes International, Inc.

    42,162        1,538,913   
   

 

 

 
      2,475,310   
   

 

 

 

Multi-Utilities—0.7%

   

NorthWestern Corp.

    50,004        3,087,747   
   

 

 

 

Multiline Retail—0.3%

   

Fred’s, Inc. - Class A (b)

    72,806        1,085,537   
   

 

 

 

Oil, Gas & Consumable Fuels—1.5%

   

Delek U.S. Holdings, Inc.

    65,318        995,446   

Diamondback Energy, Inc. (a) (b)

    20,213        1,560,039   

PDC Energy, Inc. (a) (b)

    23,188        1,378,527   

QEP Resources, Inc.

    74,191        1,046,835   

Synergy Resources Corp. (a) (b)

    175,999        1,367,512   
   

 

 

 
      6,348,359   
   

 

 

 

Pharmaceuticals—0.8%

   

Catalent, Inc. (a)

    76,326        2,035,615   

Impax Laboratories, Inc. (a) (b)

    40,814        1,306,864   
   

 

 

 
      3,342,479   
   

 

 

 

Professional Services—1.1%

   

FTI Consulting, Inc. (a)

    38,294        1,359,820   

Insperity, Inc.

    26,022        1,346,118   

RPX Corp. (a)

    48,879        550,377   

WageWorks, Inc. (a)

    29,590        1,497,550   
   

 

 

 
      4,753,865   
   

 

 

 

Real Estate Investment Trusts—5.1%

   

American Campus Communities, Inc.

    55,813        2,628,234   

CubeSmart

    106,311        3,540,156   

Hersha Hospitality Trust

    75,629        1,613,923   

Mid-America Apartment Communities, Inc.

    32,704        3,342,676   

National Retail Properties, Inc.

    42,345        1,956,339   

Omega Healthcare Investors, Inc.

    32,123        1,133,942   

 

MSF-67


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Real Estate Investment Trusts—(Continued)

  

Retail Opportunity Investments Corp. (b)

    194,735      $ 3,918,068   

Sabra Health Care REIT, Inc.

    28,359        569,732   

Sovran Self Storage, Inc.

    24,148        2,848,257   
   

 

 

 
      21,551,327   
   

 

 

 

Road & Rail—1.0%

   

Avis Budget Group, Inc. (a)

    27,857        762,167   

Genesee & Wyoming, Inc. - Class A (a) (b)

    24,991        1,566,936   

Old Dominion Freight Line, Inc. (a) (b)

    28,758        2,002,132   
   

 

 

 
      4,331,235   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.9%

  

Advanced Energy Industries, Inc. (a)

    66,677        2,319,693   

Cavium, Inc. (a) (b)

    23,834        1,457,687   

Diodes, Inc. (a)

    61,861        1,243,406   

Inphi Corp. (a) (b)

    59,363        1,979,162   

Intersil Corp. - Class A

    115,693        1,546,815   

MKS Instruments, Inc.

    44,074        1,659,386   

Monolithic Power Systems, Inc.

    28,387        1,806,549   

Semtech Corp. (a)

    43,639        959,622   

Silicon Laboratories, Inc. (a)

    33,289        1,496,674   

Teradyne, Inc.

    98,211        2,120,376   
   

 

 

 
      16,589,370   
   

 

 

 

Software—3.1%

   

Blackbaud, Inc.

    24,199        1,521,875   

Callidus Software, Inc. (a)

    76,429        1,274,836   

FleetMatics Group plc (a) (b)

    35,592        1,448,950   

Guidewire Software, Inc. (a) (b)

    41,594        2,266,041   

RingCentral, Inc. - Class A (a) (b)

    44,651        703,253   

Synchronoss Technologies, Inc. (a) (b)

    61,108        1,976,233   

Ultimate Software Group, Inc. (The) (a)

    12,973        2,510,276   

Verint Systems, Inc. (a)

    43,631        1,456,403   
   

 

 

 
      13,157,867   
   

 

 

 

Specialty Retail—2.6%

   

Asbury Automotive Group, Inc. (a)

    21,701        1,298,588   

Barnes & Noble, Inc. (b)

    105,789        1,307,552   

Genesco, Inc. (a) (b)

    38,244        2,763,129   

MarineMax, Inc. (a)

    46,048        896,555   

Monro Muffler Brake, Inc. (b)

    32,628        2,331,923   

Sally Beauty Holdings, Inc. (a)

    50,164        1,624,310   

Tile Shop Holdings, Inc. (a)

    55,428        826,431   
   

 

 

 
      11,048,488   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.9%

  

Columbia Sportswear Co. (b)

    19,337        1,161,961   

Oxford Industries, Inc.

    15,274        1,026,871   

Steven Madden, Ltd. (a)

    41,982        1,555,013   
   

 

 

 
      3,743,845   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

  

Essent Group, Ltd. (a)

    61,635        1,282,008   

Federal Agricultural Mortgage Corp. - Class C

    33,757        1,273,652   
   

 

 

 
      2,555,660   
   

 

 

 

Trading Companies & Distributors—0.5%

  

Beacon Roofing Supply, Inc. (a)

    17,436      715,050   

H&E Equipment Services, Inc.

    69,479        1,217,967   
   

 

 

 
      1,933,017   
   

 

 

 

Transportation Infrastructure—0.4%

   

Macquarie Infrastructure Corp.

    21,938        1,479,499   
   

 

 

 

Total Common Stocks
(Cost $318,979,108)

      413,093,966   
   

 

 

 
Short-Term Investments—20.4%   

Mutual Fund—18.4%

   

State Street Navigator Securities Lending MET Portfolio (c)

    77,258,748        77,258,748   
   

 

 

 

Repurchase Agreement—2.0%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $8,506,195 on 04/01/16, collateralized by $8,580,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $8,676,525.

    8,506,188        8,506,188   
   

 

 

 

Total Short-Term Investments
(Cost $85,764,936)

      85,764,936   
   

 

 

 

Total Investments—118.5%
(Cost $404,744,044) (d)

      498,858,902   

Other assets and liabilities (net)—(18.5)%

      (77,790,623
   

 

 

 
Net Assets—100.0%     $ 421,068,279   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $86,488,144 and the collateral received consisted of cash in the amount of $77,258,748 and non-cash collateral with a value of $11,120,382. 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 on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $404,744,044. The aggregate unrealized appreciation and depreciation of investments were $110,583,225 and $(16,468,367), respectively, resulting in net unrealized appreciation of $94,114,858.
(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-68


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 413,093,966       $ —        $ —         $ 413,093,966   
Short-Term Investments           

Mutual Fund

     77,258,748         —          —           77,258,748   

Repurchase Agreement

     —           8,506,188        —           8,506,188   

Total Short-Term Investments

     77,258,748         8,506,188        —           85,764,936   

Total Investments

   $ 490,352,714       $ 8,506,188      $ —         $ 498,858,902   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (77,258,748   $ —         $ (77,258,748

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-69


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—97.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.1%

   

Hexcel Corp. (a)

    91,553      $ 4,001,782   
   

 

 

 

Auto Components—1.0%

   

Gentherm, Inc. (b)

    83,034        3,453,384   
   

 

 

 

Banks—4.6%

   

Bank of the Ozarks, Inc. (a)

    82,138        3,447,332   

Pinnacle Financial Partners, Inc.

    74,639        3,661,789   

PrivateBancorp, Inc.

    101,342        3,911,801   

Renasant Corp.

    55,356        1,821,766   

Talmer Bancorp, Inc. - Class A

    212,039        3,835,786   
   

 

 

 
      16,678,474   
   

 

 

 

Biotechnology—4.3%

   

Emergent Biosolutions, Inc. (b)

    146,583        5,328,292   

Genomic Health, Inc. (a) (b)

    114,455        2,835,050   

Ironwood Pharmaceuticals, Inc. (a) (b)

    273,128        2,988,020   

Lexicon Pharmaceuticals, Inc. (a) (b)

    201,082        2,402,930   

Ophthotech Corp. (b)

    43,062        1,820,231   
   

 

 

 
      15,374,523   
   

 

 

 

Building Products—2.3%

   

Apogee Enterprises, Inc.

    85,163        3,737,804   

Trex Co., Inc. (a) (b)

    91,947        4,407,020   
   

 

 

 
      8,144,824   
   

 

 

 

Capital Markets—2.5%

   

Artisan Partners Asset Management, Inc. - Class A (a)

    102,741        3,168,533   

Financial Engines, Inc.

    89,584        2,815,625   

HFF, Inc. - Class A

    114,449        3,150,781   
   

 

 

 
      9,134,939   
   

 

 

 

Commercial Services & Supplies—1.5%

   

Healthcare Services Group, Inc. (a)

    149,766        5,512,886   
   

 

 

 

Communications Equipment—0.5%

   

Ciena Corp. (a) (b)

    103,488        1,968,342   
   

 

 

 

Construction & Engineering—2.4%

   

Granite Construction, Inc.

    105,955        5,064,649   

Primoris Services Corp.

    148,916        3,618,659   
   

 

 

 
      8,683,308   
   

 

 

 

Distributors—1.5%

   

Pool Corp.

    60,393        5,298,882   
   

 

 

 

Diversified Consumer Services—3.3%

   

Bright Horizons Family Solutions, Inc. (b)

    86,632        5,612,021   

Grand Canyon Education, Inc. (b)

    61,963        2,648,298   

Nord Anglia Education, Inc. (a) (b)

    171,947        3,591,973   
   

 

 

 
      11,852,292   
   

 

 

 

Diversified Financial Services—1.6%

   

MarketAxess Holdings, Inc.

    46,305      $ 5,780,253   
   

 

 

 

Diversified Telecommunication Services—1.2%

  

Cogent Communications Holdings, Inc. (a)

    110,242        4,302,745   
   

 

 

 

Electrical Equipment—0.5%

   

Generac Holdings, Inc. (b)

    47,476        1,768,006   
   

 

 

 

Electronic Equipment, Instruments & Components—2.6%

  

FEI Co. (a)

    57,598        5,126,798   

IPG Photonics Corp. (a) (b)

    46,194        4,438,320   
   

 

 

 
      9,565,118   
   

 

 

 

Energy Equipment & Services—0.8%

   

Dril-Quip, Inc. (a) (b)

    50,421        3,053,496   
   

 

 

 

Food Products—1.0%

   

Amplify Snack Brands, Inc. (b)

    31,343        448,832   

Snyder’s-Lance, Inc.

    95,401        3,003,223   
   

 

 

 
      3,452,055   
   

 

 

 

Health Care Equipment & Supplies—7.8%

   

Cynosure, Inc. - Class A (b)

    125,493        5,536,751   

Globus Medical, Inc. - Class A (a) (b)

    125,670        2,984,662   

Inogen, Inc. (b)

    79,021        3,554,365   

Insulet Corp. (a) (b)

    117,846        3,907,773   

Integra LifeSciences Holdings Corp. (a) (b)

    63,023        4,245,229   

Natus Medical, Inc. (b)

    103,544        3,979,196   

Neogen Corp. (b)

    74,936        3,773,028   
   

 

 

 
      27,981,004   
   

 

 

 

Health Care Providers & Services—5.6%

   

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

    67,487        3,719,209   

Aceto Corp. (a)

    126,205        2,973,390   

AMN Healthcare Services, Inc. (b)

    125,465        4,216,879   

Amsurg Corp. (b)

    48,879        3,646,373   

Ensign Group, Inc. (The) (a)

    174,594        3,952,808   

Surgery Partners, Inc. (b)

    128,016        1,697,492   
   

 

 

 
      20,206,151   
   

 

 

 

Health Care Technology—1.9%

   

Medidata Solutions, Inc. (a) (b)

    90,341        3,497,100   

Press Ganey Holdings, Inc. (a) (b)

    110,087        3,311,417   
   

 

 

 
      6,808,517   
   

 

 

 

Hotels, Restaurants & Leisure—6.2%

   

Chuy’s Holdings, Inc. (a) (b)

    122,116        3,794,144   

Diamond Resorts International, Inc. (a) (b)

    82,559        2,006,184   

Popeyes Louisiana Kitchen, Inc. (b)

    69,029        3,593,650   

Texas Roadhouse, Inc. (a)

    118,545        5,166,191   

Vail Resorts, Inc.

    32,743        4,377,739   

Zoe’s Kitchen, Inc. (a) (b)

    91,421        3,564,505   
   

 

 

 
      22,502,413   
   

 

 

 

 

MSF-70


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Household Durables—0.6%

   

Universal Electronics, Inc. (b)

    36,949      $ 2,290,469   
   

 

 

 

Internet & Catalog Retail—0.7%

   

Wayfair, Inc. - Class A (a) (b)

    62,469        2,699,910   
   

 

 

 

Internet Software & Services—3.6%

   

Criteo S.A. (ADR) (b)

    102,824        4,258,970   

LogMeIn, Inc. (b)

    42,292        2,134,054   

Q2 Holdings, Inc. (b)

    139,941        3,364,182   

Wix.com, Ltd. (b)

    152,479        3,090,749   
   

 

 

 
      12,847,955   
   

 

 

 

IT Services—5.7%

   

Blackhawk Network Holdings, Inc. (a) (b)

    101,234        3,472,326   

EPAM Systems, Inc. (a) (b)

    54,481        4,068,096   

Euronet Worldwide, Inc. (b)

    69,102        5,121,149   

InterXion Holding NV (b)

    128,081        4,429,041   

Square, Inc. - Class A (a) (b)

    220,112        3,363,312   
   

 

 

 
      20,453,924   
   

 

 

 

Leisure Products—1.3%

   

Vista Outdoor, Inc. (b)

    92,998        4,827,526   
   

 

 

 

Life Sciences Tools & Services—2.0%

   

Cambrex Corp. (b)

    77,662        3,417,128   

INC Research Holdings, Inc. - Class A (b)

    94,272        3,884,949   
   

 

 

 
      7,302,077   
   

 

 

 

Machinery—4.2%

   

Astec Industries, Inc.

    58,787        2,743,589   

Middleby Corp. (The) (a) (b)

    34,134        3,644,487   

Proto Labs, Inc. (a) (b)

    74,316        5,729,021   

RBC Bearings, Inc. (a) (b)

    41,162        3,015,528   
   

 

 

 
      15,132,625   
   

 

 

 

Media—0.8%

   

IMAX Corp. (b)

    95,683        2,974,784   
   

 

 

 

Oil, Gas & Consumable Fuels—2.0%

   

Diamondback Energy, Inc. (a) (b)

    49,073        3,787,454   

PDC Energy, Inc. (a) (b)

    56,297        3,346,857   
   

 

 

 
      7,134,311   
   

 

 

 

Pharmaceuticals—0.9%

   

Impax Laboratories, Inc. (a) (b)

    99,088        3,172,798   
   

 

 

 

Professional Services—1.0%

   

WageWorks, Inc. (b)

    72,780        3,683,396   
   

 

 

 

Semiconductors & Semiconductor Equipment—6.7%

  

Cavium, Inc. (a) (b)

    58,513        3,578,655   

Inphi Corp. (a) (b)

    144,120        4,804,961   

Intersil Corp. - Class A

    280,878        3,755,339   

MKS Instruments, Inc.

    107,004        4,028,701   

Semiconductors & Semiconductor Equipment—(Continued)

  

Monolithic Power Systems, Inc. (a)

    68,918      4,385,941   

Silicon Laboratories, Inc. (b)

    80,820        3,633,667   
   

 

 

 
      24,187,264   
   

 

 

 

Software—6.6%

   

Blackbaud, Inc.

    59,554        3,745,351   

Callidus Software, Inc. (b)

    185,554        3,095,041   

FleetMatics Group plc (a) (b)

    86,411        3,517,792   

Guidewire Software, Inc. (b)

    102,114        5,563,171   

RingCentral, Inc. - Class A (a) (b)

    109,411        1,723,223   

Ultimate Software Group, Inc. (The) (a) (b)

    31,497        6,094,669   
   

 

 

 
      23,739,247   
   

 

 

 

Specialty Retail—3.0%

   

Asbury Automotive Group, Inc. (b)

    53,276        3,188,036   

Monro Muffler Brake, Inc. (a)

    79,215        5,661,496   

Tile Shop Holdings, Inc. (b)

    136,076        2,028,893   
   

 

 

 
      10,878,425   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.5%

  

Columbia Sportswear Co. (a)

    47,145        2,832,943   

Oxford Industries, Inc.

    37,239        2,503,578   

Steven Madden, Ltd. (b)

    103,320        3,826,973   
   

 

 

 
      9,163,494   
   

 

 

 

Thrifts & Mortgage Finance—0.9%

   

Essent Group, Ltd. (b)

    151,314        3,147,331   
   

 

 

 

Trading Companies & Distributors—0.5%

  

Beacon Roofing Supply, Inc. (b)

    43,030        1,764,660   
   

 

 

 

Total Common Stocks
(Cost $294,477,203)

      350,923,590   
   

 

 

 
Short-Term Investments—30.3%   

Mutual Fund—27.3%

   

State Street Navigator Securities Lending MET Portfolio (c)

    98,743,446        98,743,446   
   

 

 

 

Repurchase Agreement—3.0%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $10,734,610 on 04/01/16, collateralized by $10,750,000 U.S. Treasury Note at 1.500% due 05/31/20 with a value of $10,951,563.

    10,734,601        10,734,601   
   

 

 

 

Total Short-Term Investments
(Cost $109,478,047)

      109,478,047   
   

 

 

 

Total Investments—127.5%
(Cost $403,955,250) (d)

      460,401,637   

Other assets and liabilities (net)—(27.5)%

      (99,333,157
   

 

 

 
Net Assets—100.0%     $ 361,068,480   
   

 

 

 

 

MSF-71


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

 

* 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, 2016, the market value of securities loaned was $98,743,905 and the collateral received consisted of cash in the amount of $98,743,446 and non-cash collateral with a value of $2,256,617. 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.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $403,955,250. The aggregate unrealized appreciation and depreciation of investments were $69,685,607 and $(13,239,220), respectively, resulting in net unrealized appreciation of $56,446,387.
(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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 350,923,590       $ —        $ —         $ 350,923,590   
Short-Term Investments           

Mutual Fund

     98,743,446         —          —           98,743,446   

Repurchase Agreement

     —           10,734,601        —           10,734,601   

Total Short-Term Investments

     98,743,446         10,734,601        —           109,478,047   

Total Investments

   $ 449,667,036       $ 10,734,601      $ —         $ 460,401,637   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (98,743,446   $ —         $ (98,743,446

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-72


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—91.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.9%

  

Rockwell Collins, Inc. (a)

    257,851      $ 23,776,441   
   

 

 

 

Auto Components—1.6%

  

Gentex Corp. (a)

    1,269,521        19,918,784   
   

 

 

 

Automobiles—1.8%

  

Harley-Davidson, Inc. (a)

    435,862        22,372,796   
   

 

 

 

Banks—3.7%

  

Fifth Third Bancorp

    1,527,448        25,493,107   

M&T Bank Corp. (a)

    176,157        19,553,427   
   

 

 

 
      45,046,534   
   

 

 

 

Chemicals—4.9%

  

Celanese Corp. - Series A

    409,630        26,830,765   

Mosaic Co. (The) (a)

    1,242,851        33,556,977   
   

 

 

 
      60,387,742   
   

 

 

 

Construction & Engineering—5.9%

  

Fluor Corp.

    493,282        26,489,244   

Jacobs Engineering Group, Inc. (b)

    636,149        27,704,289   

Quanta Services, Inc. (b)

    810,363        18,281,789   
   

 

 

 
      72,475,322   
   

 

 

 

Diversified Consumer Services—1.3%

  

H&R Block, Inc. (a)

    606,425        16,021,749   
   

 

 

 

Diversified Financial Services—1.2%

  

Intercontinental Exchange, Inc.

    62,275        14,643,344   
   

 

 

 

Electric Utilities—1.4%

  

OGE Energy Corp. (a)

    612,854        17,546,010   
   

 

 

 

Electrical Equipment—1.2%

  

Hubbell, Inc.

    138,135        14,632,641   
   

 

 

 

Electronic Equipment, Instruments & Components—9.3%

  

Arrow Electronics, Inc. (b)

    598,961        38,579,078   

Avnet, Inc.

    868,161        38,459,532   

FLIR Systems, Inc.

    457,760        15,083,192   

Keysight Technologies, Inc. (b)

    766,001        21,248,868   
   

 

 

 
      113,370,670   
   

 

 

 

Energy Equipment & Services—1.7%

  

Helmerich & Payne, Inc. (a)

    243,497        14,298,144   

McDermott International, Inc. (b)

    1,498,868        6,130,370   
   

 

 

 
      20,428,514   
   

 

 

 

Insurance—14.7%

  

Alleghany Corp. (b)

    73,331        36,386,842   

Allied World Assurance Co. Holdings AG

    493,190        17,232,059   

Allstate Corp. (The)

    352,049        23,717,541   

Aon plc

    222,048        23,192,913   

Arch Capital Group, Ltd. (b)

    364,200        25,894,620   

Loews Corp.

    442,788        16,941,069   

Insurance—(Continued)

  

Progressive Corp. (The)

    341,250      11,991,525   

Torchmark Corp.

    456,729        24,736,443   
   

 

 

 
      180,093,012   
   

 

 

 

Internet & Catalog Retail—4.1%

  

Liberty Interactive Corp. - Class A (b)

    1,005,417        25,386,779   

Liberty Ventures - Series A (b)

    624,731        24,439,477   
   

 

 

 
      49,826,256   
   

 

 

 

Internet Software & Services—1.6%

  

IAC/InterActiveCorp (a)

    406,997        19,161,419   
   

 

 

 

IT Services—0.9%

  

Teradata Corp. (a) (b)

    438,935        11,517,654   
   

 

 

 

Machinery—2.1%

  

Joy Global, Inc. (a)

    740,768        11,904,142   

Kennametal, Inc. (a)

    634,170        14,262,483   
   

 

 

 
      26,166,625   
   

 

 

 

Media—3.4%

  

Omnicom Group, Inc. (a)

    348,462        29,002,492   

TEGNA, Inc.

    548,154        12,859,693   
   

 

 

 
      41,862,185   
   

 

 

 

Metals & Mining—4.8%

  

Goldcorp, Inc.

    1,637,533        26,577,161   

Kinross Gold Corp. (b)

    3,460,643        11,766,186   

Nucor Corp.

    440,493        20,835,319   
   

 

 

 
      59,178,666   
   

 

 

 

Multiline Retail—0.6%

  

Nordstrom, Inc. (a)

    127,115        7,272,249   
   

 

 

 

Oil, Gas & Consumable Fuels—8.0%

  

Apache Corp.

    688,789        33,619,791   

Devon Energy Corp.

    1,218,216        33,427,847   

Hess Corp.

    592,797        31,210,762   
   

 

 

 
      98,258,400   
   

 

 

 

Professional Services—0.9%

  

ManpowerGroup, Inc.

    132,440        10,783,265   
   

 

 

 

Real Estate Investment Trusts—2.1%

  

American Capital Agency Corp.

    764,833        14,248,839   

Hatteras Financial Corp. (a)

    776,250        11,100,375   
   

 

 

 
      25,349,214   
   

 

 

 

Road & Rail—1.8%

  

Ryder System, Inc.

    336,311        21,786,227   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.9%

  

Analog Devices, Inc.

    389,264        23,040,536   
   

 

 

 

 

MSF-73


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Software—1.5%

  

Synopsys, Inc. (b)

    383,819      $ 18,592,192   
   

 

 

 

Specialty Retail—2.6%

  

AutoNation, Inc. (a) (b)

    373,048        17,413,881   

Bed Bath & Beyond, Inc. (a) (b)

    290,118        14,401,457   
   

 

 

 
      31,815,338   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.6%

  

Coach, Inc.

    479,991        19,242,839   
   

 

 

 

Trading Companies & Distributors—3.0%

  

Air Lease Corp. (a)

    1,158,260        37,203,311   
   

 

 

 

Total Common Stocks
(Cost $991,252,441)

      1,121,769,935   
   

 

 

 
Short-Term Investments—21.8%   

Mutual Fund—14.9%

  

State Street Navigator Securities Lending MET Portfolio (c)

    182,977,571        182,977,571   
   

 

 

 

Repurchase Agreement—6.9%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $84,099,210 on 04/01/16, collateralized by $84,830,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $85,784,338.

    84,099,140      84,099,140   
   

 

 

 

Total Short-Term Investments
(Cost $267,076,711)

      267,076,711   
   

 

 

 

Total Investments—113.3%
(Cost $1,258,329,152) (d)

      1,388,846,646   

Other assets and liabilities (net)—(13.3)%

      (163,450,696
   

 

 

 
Net Assets—100.0%     $ 1,225,395,950   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $226,048,089 and the collateral received consisted of cash in the amount of $182,977,571 and non-cash collateral with a value of $47,792,915. 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 on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $1,258,329,152. The aggregate unrealized appreciation and depreciation of investments were $225,625,178 and $(95,107,684), respectively, resulting in net unrealized appreciation of $130,517,494.

 

MSF-74


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,121,769,935       $ —        $ —         $ 1,121,769,935   
Short-Term Investments           

Mutual Fund

     182,977,571         —          —           182,977,571   

Repurchase Agreement

     —           84,099,140        —           84,099,140   

Total Short-Term Investments

     182,977,571         84,099,140        —           267,076,711   

Total Investments

   $ 1,304,747,506       $ 84,099,140      $ —         $ 1,388,846,646   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (182,977,571   $ —         $ (182,977,571

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-75


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—99.1% of Net Assets

 

Security Description   Shares     Value  

Australia—6.8%

   

Acrux, Ltd. (a)

    41,605      $ 19,289   

Adelaide Brighton, Ltd.

    197,116        763,624   

AED Oil, Ltd. (b) (c) (d)

    93,946        0   

Ainsworth Game Technology, Ltd. (a)

    51,616        92,099   

Alkane Resources, Ltd. (c)

    120,355        19,363   

ALS, Ltd. (a)

    76,663        234,136   

Altium, Ltd.

    31,832        143,616   

Altona Mining, Ltd. (c)

    67,875        4,834   

Alumina, Ltd. (a)

    325,192        320,081   

AMA Group, Ltd.

    111,029        74,690   

Ansell, Ltd.

    39,937        526,850   

AP Eagers, Ltd.

    7,774        58,084   

APN News & Media, Ltd. (c)

    374,048        185,295   

Aquarius Platinum, Ltd. (c)

    119,520        22,903   

ARB Corp., Ltd. (a)

    30,444        350,138   

Ardent Leisure Group

    50,226        87,940   

Arrium, Ltd. (c)

    972,288        16,307   

ASG Group, Ltd. (c)

    91,207        77,081   

Atlantic, Ltd. (b) (c) (d)

    22,059        555   

AUB Group, Ltd.

    25,969        163,225   

Ausdrill, Ltd. (c)

    110,321        41,168   

Ausenco, Ltd. (c)

    72,770        13,404   

AusNet Services

    176,329        201,107   

Austal, Ltd.

    81,889        97,718   

Australian Agricultural Co., Ltd. (a) (c)

    192,359        191,235   

Australian Pharmaceutical Industries, Ltd.

    174,311        260,538   

Auswide Bank, Ltd.

    9,275        35,920   

Automotive Holdings Group, Ltd.

    95,539        299,278   

Aveo Group

    22,622        57,850   

AVJennings, Ltd.

    10,332        4,275   

AWE, Ltd. (c)

    335,940        174,610   

Bandanna Energy, Ltd. (a) (b) (c) (d)

    179,193        2,163   

Bank of Queensland, Ltd.

    24,268        224,055   

Beach Energy, Ltd.

    950,434        479,236   

Beadell Resources, Ltd.

    102,327        21,923   

Bega Cheese, Ltd. (a)

    58,513        263,663   

Bellamy’s Australia, Ltd. (a)

    9,613        75,810   

Bendigo and Adelaide Bank, Ltd.

    10,665        72,117   

Billabong International, Ltd. (c)

    56,120        78,832   

Blackmores, Ltd. (a)

    5,495        745,531   

Blue Sky Alternative Investments, Ltd.

    5,420        30,537   

BlueScope Steel, Ltd.

    84,045        397,163   

Boral, Ltd.

    76,980        364,205   

Bradken, Ltd. (c)

    48,239        22,340   

Breville Group, Ltd.

    42,107        251,461   

Brickworks, Ltd.

    5,923        71,770   

Broadspectrum, Ltd. (c)

    195,706        177,051   

BT Investment Management, Ltd. (a)

    25,960        191,885   

Buru Energy, Ltd. (c)

    23,457        3,789   

Cabcharge Australia, Ltd. (a)

    55,813        138,147   

Capral, Ltd. (c)

    136,176        12,523   

Cardno, Ltd. (a)

    35,839        30,620   

Carnarvon Petroleum, Ltd. (c)

    251,902        15,404   

carsales.com, Ltd. (a)

    83,570        751,899   

Cash Converters International, Ltd. (a)

    152,939        62,666   

Cedar Woods Properties, Ltd.

    27,273        95,097   

Challenger, Ltd.

    122,977        785,689   

Australia—(Continued)

   

Cleanaway Waste Management, Ltd.

    693,108      407,319   

Coal of Africa, Ltd. (c) (d)

    133,534        3,071   

Cochlear, Ltd.

    6,130        480,265   

Collection House, Ltd.

    19,217        14,062   

Collins Foods, Ltd.

    4,975        16,026   

Cooper Energy, Ltd. (c)

    123,859        22,838   

Corporate Travel Management, Ltd. (a)

    20,836        213,289   

Credit Corp. Group, Ltd.

    13,415        106,212   

CSG, Ltd. (a)

    66,837        63,238   

CSR, Ltd.

    282,278        710,851   

Cudeco, Ltd. (a) (b) (c) (d)

    51,210        31,404   

Cue Energy Resources, Ltd. (c)

    171,183        7,953   

Data #3, Ltd.

    55,471        47,681   

Decmil Group, Ltd.

    56,744        33,435   

Dick Smith Holdings, Ltd. (a) (b) (d)

    85,716        0   

Domino’s Pizza Enterprises, Ltd.

    23,859        1,047,401   

Downer EDI, Ltd.

    238,347        696,987   

DuluxGroup, Ltd.

    165,477        794,711   

DWS, Ltd.

    36,847        31,638   

Emeco Holdings, Ltd. (a) (c)

    314,914        6,999   

Energy Resources of Australia, Ltd. (a) (c)

    51,910        13,863   

Energy World Corp., Ltd. (a) (c)

    325,379        59,626   

EQT Holdings, Ltd.

    3,062        31,202   

ERM Power, Ltd.

    49,991        54,867   

eServGlobal, Ltd. (c)

    43,068        2,582   

Ethane Pipeline Income Fund

    3,869        5,574   

Euroz, Ltd.

    23,559        13,147   

Event Hospitality and Entertainment, Ltd.

    38,556        448,122   

Evolution Mining, Ltd.

    157,414        180,686   

Fairfax Media, Ltd.

    967,464        636,093   

Fantastic Holdings, Ltd.

    1,151        1,655   

Finbar Group, Ltd.

    6,909        4,817   

Fleetwood Corp., Ltd. (a) (c)

    22,683        21,910   

FlexiGroup, Ltd. (a)

    49,133        93,310   

Flight Centre Travel Group, Ltd. (a)

    14,871        491,319   

G8 Education, Ltd. (a)

    128,302        370,456   

Global Construction Services, Ltd. (c)

    9,380        3,379   

GrainCorp, Ltd. - Class A

    83,590        482,143   

Grange Resources, Ltd.

    120,000        7,798   

Greencross, Ltd. (a)

    21,334        122,267   

GUD Holdings, Ltd. (a)

    39,734        211,530   

GWA Group, Ltd. (a)

    104,458        180,167   

Hansen Technologies, Ltd.

    47,406        137,841   

Harvey Norman Holdings, Ltd.

    82,493        296,265   

Healthscope, Ltd.

    143,994        293,076   

HFA Holdings, Ltd.

    45,623        84,684   

Hills, Ltd. (a)

    80,453        12,292   

Horizon Oil, Ltd. (c)

    652,736        36,993   

IDM International, Ltd. (b) (c) (d)

    49,237        0   

Iluka Resources, Ltd.

    160,998        804,768   

Imdex, Ltd. (c)

    77,362        12,802   

IMF Bentham, Ltd. (a)

    49,173        50,376   

Independence Group NL (a)

    99,103        215,537   

Infigen Energy, Ltd. (c)

    282,132        140,514   

Infomedia, Ltd.

    131,353        58,344   

Integrated Research, Ltd.

    28,972        42,277   

International Ferro Metals, Ltd. (b) (c) (d)

    82,765        808   

 

MSF-76


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

   

Invocare, Ltd. (a)

    38,500      $ 369,600   

IOOF Holdings, Ltd. (a)

    103,265        698,866   

Iress, Ltd.

    57,325        508,122   

iSelect, Ltd.

    46,213        36,472   

JB Hi-Fi, Ltd. (a)

    44,079        795,599   

Jupiter Mines, Ltd. (b) (c) (d)

    63,164        4,745   

K&S Corp., Ltd.

    1,802        2,318   

Karoon Gas Australia, Ltd. (a) (c)

    75,600        71,814   

Kingsgate Consolidated, Ltd. (c)

    121,238        28,379   

Kingsrose Mining, Ltd. (c)

    83,494        14,715   

MACA, Ltd.

    56,351        39,059   

Macmahon Holdings, Ltd. (c)

    380,170        32,046   

Macquarie Atlas Roads Group

    181,433        666,894   

Magellan Financial Group, Ltd.

    27,343        472,615   

MaxiTRANS Industries, Ltd.

    59,013        24,166   

Mayne Pharma Group, Ltd. (a) (c)

    286,220        329,820   

McMillan Shakespeare, Ltd. (a)

    29,453        281,733   

McPherson’s, Ltd.

    34,460        21,652   

Medusa Mining, Ltd. (c)

    60,972        36,418   

Melbourne IT, Ltd.

    36,135        55,594   

Metals X, Ltd.

    75,358        53,872   

Metcash, Ltd. (a) (c)

    369,266        490,432   

Mincor Resources NL

    105,687        17,717   

Mineral Deposits, Ltd. (c)

    45,217        11,458   

Mineral Resources, Ltd. (a)

    41,091        188,242   

MMA Offshore, Ltd. (a)

    100,235        29,996   

Monadelphous Group, Ltd. (a)

    40,177        218,029   

Morning Star Gold NL (b) (c) (d)

    33,455        18   

Mortgage Choice, Ltd.

    48,689        65,270   

Mount Gibson Iron, Ltd. (a) (c)

    439,215        67,288   

Myer Holdings, Ltd. (a)

    355,143        318,102   

MyState, Ltd.

    3,899        13,092   

Navitas, Ltd. (a)

    96,272        373,863   

nearmap, Ltd. (c)

    85,792        24,973   

New Hope Corp., Ltd.

    6,285        6,296   

Newsat, Ltd. (a) (b) (c) (d)

    113,333        1,876   

nib holdings, Ltd.

    208,017        623,202   

Nick Scali, Ltd.

    16,348        53,269   

Nine Entertainment Co. Holdings, Ltd. (a)

    18,490        22,019   

Noble Mineral Resources, Ltd. (b) (c) (d)

    1,674        0   

Northern Star Resources, Ltd.

    220,636        577,415   

Nufarm, Ltd.

    79,335        453,799   

Orocobre, Ltd. (c)

    49,318        109,927   

Orora, Ltd.

    225,473        430,588   

OrotonGroup, Ltd.

    8,647        19,329   

OZ Minerals, Ltd.

    149,299        571,902   

OzForex Group, Ltd. (a)

    99,303        153,874   

Pacific Brands, Ltd.

    472,799        371,643   

Pacific Current Group, Ltd. (a)

    1,159        4,475   

Pact Group Holdings, Ltd.

    4,623        17,628   

Paladin Energy, Ltd. (a) (c)

    612,137        112,473   

Panoramic Resources, Ltd.

    146,618        12,272   

Patties Foods, Ltd.

    16,945        14,409   

Peet, Ltd.

    88,199        66,559   

Peninsula Energy, Ltd. (b) (c) (d)

    11,352        8,180   

Perpetual, Ltd. (a)

    19,830        658,486   

Perseus Mining, Ltd. (c)

    185,112        56,494   

Australia—(Continued)

   

Platinum Asset Management, Ltd.

    21,691      105,473   

Pluton Resources, Ltd. (b) (c) (d)

    48,332        96   

PMP, Ltd.

    158,703        63,745   

Premier Investments, Ltd.

    44,992        581,472   

Primary Health Care, Ltd. (a)

    244,279        700,170   

Prime Media Group, Ltd.

    93,371        25,761   

Programmed Maintenance Services, Ltd.

    95,504        108,321   

Qube Holdings, Ltd. (a)

    281,810        507,784   

RCG Corp., Ltd. (a)

    90,942        109,867   

RCR Tomlinson, Ltd. (b)

    61,564        65,444   

Reckon, Ltd. (a)

    36,898        45,682   

Regis Resources, Ltd. (a)

    180,703        336,590   

Reject Shop, Ltd. (The)

    12,421        133,052   

Resolute Mining, Ltd. (c)

    248,330        101,940   

Retail Food Group, Ltd. (a)

    58,516        231,125   

Ridley Corp., Ltd.

    123,003        124,182   

RungePincockMinarco, Ltd. (c)

    4,190        1,301   

Ruralco Holdings, Ltd.

    7,095        17,901   

SAI Global, Ltd.

    62,244        179,654   

Salmat, Ltd. (c)

    45,807        21,377   

Sandfire Resources NL

    40,717        177,082   

Saracen Mineral Holdings, Ltd. (c)

    390,479        288,640   

Sedgman, Ltd. (b)

    48,829        35,371   

Seek, Ltd. (a)

    15,873        196,103   

Select Harvests, Ltd. (a)

    30,640        96,439   

Senex Energy, Ltd. (c)

    248,220        57,469   

Servcorp, Ltd.

    26,561        139,440   

Service Stream, Ltd.

    67,295        33,492   

Seven Group Holdings, Ltd. (a)

    15,634        65,201   

Seven West Media, Ltd. (a)

    460,617        362,009   

Sigma Pharmaceuticals, Ltd.

    621,692        504,694   

Silex Systems, Ltd. (c)

    28,112        11,379   

Silver Chef, Ltd.

    8,241        57,473   

Silver Lake Resources, Ltd. (c)

    112,092        26,602   

Sims Metal Management, Ltd. (a)

    86,197        569,729   

Sirtex Medical, Ltd.

    22,520        497,501   

Slater & Gordon, Ltd. (a)

    116,238        23,130   

SMS Management & Technology, Ltd.

    35,576        50,257   

Southern Cross Media Group, Ltd.

    229,061        194,005   

Spark Infrastructure Group

    742,738        1,177,554   

Specialty Fashion Group, Ltd. (c)

    34,701        17,279   

Spotless Group Holdings, Ltd. (a)

    23,095        22,157   

St. Barbara, Ltd. (c)

    192,892        294,492   

Star Entertainment Group, Ltd. (The)

    210,220        912,139   

Steadfast Group, Ltd. (a)

    71,948        98,629   

Strike Energy, Ltd. (c)

    182,555        16,032   

STW Communications Group, Ltd.

    131,382        100,432   

Sundance Energy Australia, Ltd. (c)

    177,630        23,242   

Sunland Group, Ltd. (a)

    40,150        47,090   

Super Retail Group, Ltd. (a)

    69,714        455,505   

Tabcorp Holdings, Ltd.

    236,852        776,210   

Tap Oil, Ltd. (c)

    83,681        3,983   

Tassal Group, Ltd.

    72,156        210,904   

Technology One, Ltd. (a)

    85,252        310,492   

Ten Network Holdings, Ltd. (a) (c)

    109,315        82,852   

TFS Corp., Ltd. (a) (b)

    95,643        123,618   

Thorn Group, Ltd.

    58,154        81,307   

 

MSF-77


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

  

Tiger Resources, Ltd. (c)

    591,241      $ 21,686   

Toro Energy, Ltd. (c)

    75,052        3,327   

Tox Free Solutions, Ltd.

    71,737        167,499   

Treasury Wine Estates, Ltd.

    76,917        566,934   

Troy Resources, Ltd. (c)

    80,795        33,769   

UGL, Ltd. (c)

    29,320        69,634   

Villa World, Ltd.

    14,787        24,024   

Village Roadshow, Ltd.

    32,709        129,349   

Virgin Australia Holdings, Ltd. (c)

    442,369        123,691   

Virgin Australia International Holding, Ltd. (b) (c) (d)

    968,773        1   

Virtus Health, Ltd. (a)

    37,091        177,256   

Vita Group, Ltd.

    18,112        43,783   

Vocus Communications, Ltd. (a)

    173,485        1,104,773   

Watpac, Ltd.

    37,999        25,853   

Webjet, Ltd.

    22,295        108,099   

Western Areas, Ltd. (a) (b)

    104,247        172,800   

Whitehaven Coal, Ltd. (a) (c)

    92,475        45,839   

WorleyParsons, Ltd.

    12,225        49,703   
   

 

 

 
      45,439,243   
   

 

 

 

Austria—1.1%

  

A-TEC Industries AG (a) (b) (d)

    1,312        336   

Agrana Beteiligungs AG (a)

    1,574        146,995   

ams AG

    29,130        997,266   

Andritz AG (a)

    5,479        300,709   

Austria Technologie & Systemtechnik AG

    14,133        206,971   

BUWOG AG (c)

    9,517        204,396   

CA Immobilien Anlagen AG (c)

    16,824        330,624   

Conwert Immobilien Invest SE (c)

    20,619        330,575   

DO & Co. AG

    1,857        223,934   

EVN AG

    12,657        145,435   

Flughafen Wien AG

    1,220        133,236   

IMMOFINANZ AG (c)

    125,781        267,147   

Kapsch TrafficCom AG

    2,222        75,323   

Lenzing AG

    3,209        254,002   

Mayr Melnhof Karton AG

    3,412        409,444   

Oberbank AG

    182        11,393   

Oesterreichische Post AG

    10,867        441,730   

Palfinger AG

    5,947        170,782   

POLYTEC Holding AG

    10,783        92,858   

Porr AG

    1,436        40,720   

Raiffeisen Bank International AG (c)

    8,686        131,393   

RHI AG (a)

    8,926        174,329   

Rosenbauer International AG (a)

    1,615        104,721   

S IMMO AG (c)

    35,979        333,315   

S&T AG

    2,389        17,677   

Schoeller-Bleckmann Oilfield Equipment AG (a)

    3,509        213,386   

Semperit AG Holding

    6,318        244,385   

Strabag SE

    6,827        206,355   

Telekom Austria AG

    4,556        28,011   

UBM Development AG

    78        2,874   

UNIQA Insurance Group AG

    14,804        103,870   

Wienerberger AG

    39,101        750,694   

Zumtobel Group AG (a)

    14,277        239,093   
   

 

 

 
      7,333,979   
   

 

 

 

Belgium—1.8%

   

Ablynx NV (a) (c)

    15,614      224,617   

Ackermans & van Haaren NV

    8,887        1,259,679   

AGFA-Gevaert NV (c)

    125,762        561,202   

Atenor Group

    1,089        53,675   

Banque Nationale de Belgique

    104        361,929   

Barco NV

    5,609        404,128   

Bekaert S.A.

    11,685        474,722   

bpost S.A.

    6,013        166,998   

Cie d’Entreprises CFE

    5,563        526,240   

Cie Immobiliere de Belgique S.A.

    1,276        58,950   

D’ieteren S.A.

    8,787        369,930   

Dalenys (c)

    1,352        10,606   

Deceuninck NV

    49,164        130,914   

Econocom Group S.A.

    27,496        284,593   

Elia System Operator S.A.

    12,209        607,297   

Euronav NV

    30,049        307,231   

EVS Broadcast Equipment S.A. (a)

    4,761        175,943   

Exmar NV

    10,339        86,778   

Fagron (a)

    13,446        88,610   

Galapagos NV (c)

    16,401        690,333   

GIMV NV

    250        13,793   

Ion Beam Applications

    11,487        487,512   

Jensen-Group NV

    738        21,406   

Kinepolis Group NV

    9,136        396,323   

Lotus Bakeries NV

    118        232,285   

MDxHealth (c)

    5,915        24,231   

Melexis NV

    9,084        493,556   

Mobistar S.A. (c)

    13,209        295,672   

Nyrstar NV (a) (c)

    269,267        207,965   

Ontex Group NV

    1,876        61,468   

Picanol

    1,699        114,062   

RealDolmen NV

    1,200        25,038   

Recticel S.A.

    24,409        160,828   

Resilux NV

    229        35,947   

Roularta Media Group NV (c)

    1,629        43,109   

Sioen Industries NV

    4,097        83,191   

Sipef S.A.

    3,346        181,820   

Tessenderlo Chemie NV (c)

    19,032        722,341   

ThromboGenics NV (a) (c)

    9,279        36,573   

Umicore S.A.

    26,112        1,296,462   

Van de Velde NV

    3,198        222,170   

Viohalco S.A. (c)

    45,397        57,337   
   

 

 

 
      12,057,464   
   

 

 

 

Cambodia—0.0%

   

NagaCorp, Ltd.

    458,000        292,333   
   

 

 

 

Canada—7.4%

   

5N Plus, Inc. (a) (c)

    33,732        48,049   

Absolute Software Corp.

    18,754        90,683   

Acadian Timber Corp. (a)

    3,800        59,103   

Advantage Oil & Gas, Ltd. (c)

    114,815        630,322   

Aecon Group, Inc.

    33,422        415,089   

AG Growth International, Inc. (a)

    5,820        155,678   

AGF Management, Ltd. - Class B (a)

    32,280        127,753   

AGT Food & Ingredients, Inc.

    7,901        230,870   

 

MSF-78


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Aimia, Inc.

    29,471      $ 191,746   

AirBoss of America Corp.

    3,761        44,538   

AKITA Drilling, Ltd. - Class A

    2,003        10,950   

Alacer Gold Corp. (c)

    102,778        185,970   

Alamos Gold, Inc. - Class A

    95,845        507,729   

Alaris Royalty Corp. (a)

    8,954        193,041   

Algoma Central Corp.

    4,410        42,003   

Algonquin Power & Utilities Corp. (a)

    77,093        645,237   

Alterra Power Corp. (c)

    150,766        51,078   

Altius Minerals Corp. (a)

    9,660        86,131   

Altus Group, Ltd. (a)

    14,488        231,696   

Amerigo Resources, Ltd. (c)

    44,359        4,269   

Andrew Peller, Ltd. - Class A (a)

    1,139        25,828   

Argonaut Gold, Inc. (a) (c)

    52,825        77,280   

Asanko Gold, Inc. (a) (c)

    23,027        48,935   

Athabasca Oil Corp. (a) (c)

    66,624        52,838   

ATS Automation Tooling Systems, Inc. (c)

    36,533        297,890   

AuRico Metals, Inc. (a) (c)

    42,144        24,337   

AutoCanada, Inc.

    8,428        118,235   

Avigilon Corp. (a) (c)

    14,381        166,648   

Axia NetMedia Corp.

    22,633        73,018   

B2Gold Corp. (c)

    313,368        521,174   

Badger Daylighting, Ltd. (a)

    9,562        161,901   

Ballard Power Systems, Inc. (a) (c)

    5,735        7,993   

Bankers Petroleum, Ltd. (c)

    141,893        201,026   

Bellatrix Exploration, Ltd. (a) (c)

    60,265        61,251   

Birchcliff Energy, Ltd. (a) (c)

    58,552        238,491   

Bird Construction, Inc.

    18,612        158,784   

Black Diamond Group, Ltd. (a)

    19,812        64,680   

BlackPearl Resources, Inc. (c)

    117,817        58,965   

BMTC Group, Inc.

    5,387        58,070   

Bonavista Energy Corp. (a)

    15,300        30,865   

Bonterra Energy Corp.

    12,499        203,641   

Boralex, Inc. - Class A (a)

    11,154        138,271   

Boulder Energy, Ltd. (a) (c)

    15,381        30,436   

Brookfield Real Estate Services, Inc.

    800        8,944   

BRP, Inc. (a) (c)

    10,168        152,119   

Calfrac Well Services, Ltd. (a)

    22,893        23,973   

Calian Technologies, Ltd.

    2,846        40,058   

Calvalley Petroleums, Inc. - Class A (c)

    19,422        0   

Canaccord Genuity Group, Inc.

    54,653        168,746   

Canacol Energy, Ltd. (a) (c)

    32,061        84,179   

Canadian Energy Services & Technology Corp. (a)

    70,437        173,008   

Canadian Western Bank (a)

    32,028        595,554   

Canam Group, Inc.

    22,324        220,533   

Canexus Corp. (a)

    56,579        56,198   

Canfor Corp. (c)

    17,141        235,586   

Canfor Pulp Products, Inc.

    15,297        141,221   

CanWel Building Materials Group, Ltd. (a)

    9,304        33,455   

Canyon Services Group, Inc. (a)

    27,085        76,745   

Capital Power Corp. (a)

    43,408        601,612   

Capstone Infrastructure Corp.

    47,117        176,315   

Capstone Mining Corp. (c)

    95,339        38,172   

Cascades, Inc. (a)

    46,236        305,095   

Celestica, Inc. (c)

    36,485        400,598   

Celestica, Inc. (U.S. Listed Shares) (a) (c)

    223        2,449   

Centerra Gold, Inc.

    51,685        239,970   

Canada—(Continued)

   

Cequence Energy, Ltd. (c)

    86,636      20,012   

Cervus Equipment Corp.

    2,998        25,392   

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

    54,113        90,414   

Chinook Energy, Inc. (c)

    27,917        12,252   

Cineplex, Inc. (a)

    18,436        717,851   

Clairvest Group, Inc.

    200        4,196   

Clarke, Inc. (a)

    1,614        11,309   

Clearwater Seafoods, Inc.

    7,044        69,369   

Cogeco, Inc.

    2,309        101,160   

Colliers International Group, Inc.

    12,580        476,660   

Computer Modelling Group, Ltd.

    21,620        168,798   

Copper Mountain Mining Corp. (a) (c)

    57,011        22,387   

Corby Spirit and Wine, Ltd.

    3,957        56,609   

Corridor Resources, Inc. (c)

    21,385        9,221   

Corus Entertainment, Inc. - B Shares (a)

    31,990        289,665   

Cott Corp.

    2,000        27,780   

Cott Corp. (Toronto Exchange)

    38,179        530,611   

Crew Energy, Inc. (a) (c)

    69,029        204,629   

Delphi Energy Corp. (a) (c)

    95,850        72,326   

Denison Mines Corp. (c)

    247,548        139,142   

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

    29,286        570,048   

Detour Gold Corp. (c)

    56,767        893,848   

DirectCash Payments, Inc. (a)

    4,974        47,069   

Dominion Diamond Corp.

    23,880        264,772   

Dominion Diamond Corp. (U.S. Listed Shares)

    9,238        102,449   

Dorel Industries, Inc. - Class B

    12,134        271,876   

Dundee Precious Metals, Inc. (a) (c)

    40,545        65,559   

E-L Financial Corp., Ltd.

    177        90,425   

Eastern Platinum, Ltd. (a) (c)

    42,003        24,903   

Echelon Financial Holdings, Inc. (a)

    900        9,182   

EcoSynthetix, Inc. (c)

    800        739   

Eldorado Gold Corp.

    15,555        48,866   

Enbridge Income Fund Holdings, Inc. (a)

    18,118        412,930   

Endeavour Mining Corp. (a) (c)

    16,215        137,710   

Endeavour Silver Corp. (c)

    37,334        91,700   

EnerCare, Inc. (a)

    25,125        295,019   

Enerflex, Ltd. (a)

    29,289        230,253   

Energy Fuels, Inc. (c)

    4,125        9,147   

Enghouse Systems, Ltd.

    7,089        287,053   

Ensign Energy Services, Inc. (a)

    51,526        237,248   

Epsilon Energy, Ltd. (a) (c)

    18,214        46,280   

Equitable Group, Inc. (a)

    3,909        152,778   

Equity Financial Holdings, Inc. (c)

    1,100        7,623   

Essential Energy Services Trust (c)

    53,526        26,789   

Evertz Technologies, Ltd. (a)

    9,149        120,460   

exactEarth, Ltd. (c)

    7,612        16,235   

Exchange Income Corp.

    6,151        131,332   

Exco Technologies, Ltd.

    13,332        153,979   

Exeter Resource Corp. (c)

    11,335        6,284   

EXFO, Inc. (c)

    85        314   

Extendicare, Inc. (a)

    41,356        299,642   

Fiera Capital Corp. (a)

    8,019        83,354   

Firm Capital Mortgage Investment Corp. (a)

    4,274        42,485   

First Majestic Silver Corp. (a) (c)

    51,360        332,975   

First National Financial Corp. (a)

    4,107        81,776   

FirstService Corp.

    12,580        516,664   

 

MSF-79


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

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

    7,338      $ 21,188   

Fortuna Silver Mines, Inc. (c)

    60,121        234,235   

Gamehost, Inc. (a)

    4,952        36,032   

Genesis Land Development Corp.

    14,348        28,171   

Genworth MI Canada, Inc. (a)

    10,076        237,479   

Gibson Energy, Inc. (a)

    40,344        534,296   

Glacier Media, Inc. (a)

    9,600        5,174   

Gluskin Sheff & Associates, Inc.

    10,533        149,388   

GMP Capital, Inc.

    28,336        102,544   

Goeasy, Ltd.

    2,000        29,844   

Golden Star Resources, Ltd. (a) (c)

    73,133        33,223   

Gran Tierra Energy, Inc. (c)

    99,813        249,004   

Granite Oil Corp.

    10,252        51,230   

Great Canadian Gaming Corp. (c)

    11,594        166,132   

Great Panther Silver, Ltd. (c)

    67,206        64,166   

Guyana Goldfields, Inc. (c)

    37,547        130,963   

Hanfeng Evergreen, Inc. (b) (c) (d)

    12,100        1,206   

Heroux-Devtek, Inc. (c)

    14,606        153,960   

High Liner Foods, Inc. (a)

    4,107        47,434   

HNZ Group, Inc.

    3,031        23,104   

Home Capital Group, Inc. (a)

    20,814        561,878   

Horizon North Logistics, Inc.

    30,612        28,992   

HudBay Minerals, Inc.

    103,103        377,879   

IAMGOLD Corp. (c)

    152,782        336,444   

IMAX Corp. (a) (c)

    21,475        667,658   

Imperial Metals Corp. (c)

    15,126        48,566   

Indigo Books & Music, Inc. (c)

    1,986        22,754   

Innergex Renewable Energy, Inc. (a)

    38,391        417,091   

Interfor Corp. (c)

    33,292        368,359   

International Tower Hill Mines, Ltd. (c)

    21,604        6,654   

Intertape Polymer Group, Inc.

    15,813        226,587   

Ithaca Energy, Inc. (c)

    94,516        48,759   

Just Energy Group, Inc. (a)

    71,937        427,606   

K-Bro Linen, Inc. (a)

    2,319        79,190   

Katanga Mining, Ltd. (c)

    26,500        3,265   

Kelt Exploration, Ltd. (a) (c)

    21,351        65,101   

Killam Apartment Real Estate Investment Trust

    24,086        217,168   

Kingsway Financial Services, Inc. (a) (c)

    8,765        40,898   

Kinross Gold Corp. (c)

    109,503        373,512   

Kirkland Lake Gold, Inc. (c)

    42,041        270,940   

Klondex Mines, Ltd. (c)

    17,647        47,149   

Knight Therapeutics, Inc. (c)

    4,998        30,402   

Labrador Iron Ore Royalty Corp. (a)

    10,800        97,709   

Lake Shore Gold Corp. (c)

    187,975        273,550   

Laurentian Bank of Canada (a)

    13,206        484,008   

Leon’s Furniture, Ltd.

    9,639        107,615   

Lightstream Resources, Ltd. (c)

    108,373        28,788   

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

    12,660        77,398   

Long Run Exploration, Ltd. (c)

    45,123        16,851   

Lucara Diamond Corp.

    110,136        234,052   

Lundin Mining Corp. (c)

    7,972        25,105   

MacDonald Dettwiler & Associates, Ltd.

    4,268        271,115   

Magellan Aerospace Corp.

    5,794        72,718   

Mainstreet Equity Corp. (a) (c)

    2,561        70,278   

Major Drilling Group International, Inc. (a)

    36,670        177,880   

Mandalay Resources Corp.

    87,627        60,049   

Manitoba Telecom Services, Inc. (a)

    9,487        235,869   

Canada—(Continued)

   

Maple Leaf Foods, Inc.

    48,931      1,022,889   

Martinrea International, Inc. (a)

    32,289        255,080   

Maxim Power Corp. (c)

    2,800        6,360   

McCoy Global, Inc.

    4,388        6,757   

Mediagrif Interactive Technologies, Inc. (a)

    4,176        51,125   

Medical Facilities Corp. (a)

    12,861        156,164   

Melcor Developments, Ltd.

    3,120        33,440   

Mitel Networks Corp. (c)

    23,670        193,734   

Morneau Shepell, Inc. (a)

    13,185        174,920   

MTY Food Group, Inc. (a)

    5,004        133,003   

Mullen Group, Ltd. (a)

    37,792        418,731   

Nautilus Minerals, Inc. (c)

    52,914        6,111   

Nevsun Resources, Ltd. (a)

    81,011        261,980   

New Flyer Industries, Inc. (a)

    17,136        440,687   

New Gold, Inc. (c)

    48,813        182,285   

Newalta Corp.

    23,919        35,729   

Norbord, Inc. (a)

    7,018        139,631   

North American Energy Partners, Inc.

    14,743        30,423   

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

    17,071        380,130   

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

    27,464        8,882   

Northland Power, Inc. (a)

    33,879        558,759   

NuVista Energy, Ltd. (a) (c)

    59,117        223,040   

OceanaGold Corp.

    150,911        414,824   

Osisko Gold Royalties, Ltd.

    14,806        158,121   

Ovivo, Inc. - Class A (c)

    12,735        20,101   

Pacific Exploration and Production Corp. (a) (c)

    69,663        44,520   

Painted Pony Petroleum, Ltd. (c)

    38,738        127,362   

Pan American Silver Corp.

    55,071        598,732   

Parex Resources, Inc. (c)

    55,359        466,742   

Parkland Fuel Corp. (a)

    26,463        435,837   

Pason Systems, Inc.

    22,516        286,055   

Pengrowth Energy Corp.

    110,395        144,502   

Petrus Resources, Ltd. (c)

    1,290        2,473   

PHX Energy Services Corp.

    12,350        19,589   

Pizza Pizza Royalty Corp. (a)

    6,998        74,520   

Platinum Group Metals, Ltd. (c)

    3,208        12,153   

Points International, Ltd. (c)

    5,320        45,878   

Polymet Mining Corp. (a) (c)

    38,355        31,304   

Precision Drilling Corp. (a)

    73,198        306,600   

Premium Brands Holdings Corp. (a)

    7,879        332,510   

Primero Mining Corp. (c)

    70,253        127,659   

Pulse Seismic, Inc. (a)

    15,720        27,597   

QLT, Inc. (c)

    25,500        49,478   

Questerre Energy Corp. - Class A (c)

    83,569        11,582   

RB Energy, Inc. (c) (d)

    76,741        261   

Reitmans Canada, Ltd. - Class A

    20,566        64,133   

Richelieu Hardware, Ltd.

    18,390        319,303   

Richmont Mines, Inc. (c)

    20,415        115,063   

RMP Energy, Inc. (c)

    72,808        80,166   

Rock Energy, Inc. (c)

    14,187        14,747   

Rocky Mountain Dealerships, Inc. (a)

    3,738        16,866   

Rogers Sugar, Inc. (a)

    35,106        139,208   

RONA, Inc. (a)

    58,689        1,069,620   

Russel Metals, Inc.

    25,722        391,747   

Sabina Gold & Silver Corp. (a) (c)

    45,006        31,881   

Sandstorm Gold, Ltd. (c)

    48,383        158,327   

Sandvine Corp.

    44,900        96,109   

 

MSF-80


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Savanna Energy Services Corp. (c)

    34,913      $ 36,291   

Sears Canada, Inc. (c)

    5,768        16,210   

Secure Energy Services, Inc. (a)

    55,376        351,763   

SEMAFO, Inc. (c)

    123,983        441,995   

ShawCor, Ltd.

    22,391        486,697   

Sherritt International Corp.

    132,332        82,532   

Sienna Senior Living, Inc. (a)

    13,276        169,790   

Sierra Wireless, Inc. (a) (c)

    18,510        269,223   

Silver Standard Resources, Inc. (a) (c)

    37,551        209,042   

Solium Capital, Inc. (a) (c)

    11,317        59,079   

Sprott Resource Corp. (c)

    40,405        14,933   

Sprott, Inc. (a)

    56,027        109,574   

Stantec, Inc. (a)

    18,181        461,962   

Stella-Jones, Inc.

    12,490        447,188   

Stornoway Diamond Corp. (c)

    33,687        27,235   

Strad Energy Services, Ltd.

    10,641        13,273   

Street Capital Group, Inc. (a) (c)

    5,900        5,860   

Stuart Olson, Inc.

    11,157        58,845   

Student Transportation, Inc. (a)

    27,425        139,580   

SunOpta, Inc. (a) (c)

    26,392        117,862   

Superior Plus Corp. (a)

    39,949        284,218   

Surge Energy, Inc. (a)

    64,375        102,108   

Tahoe Resources, Inc.

    53,862        539,968   

Taseko Mines, Ltd. (c)

    108,786        60,309   

Tembec, Inc. (c)

    32,111        22,252   

Teranga Gold Corp. (c)

    108,211        60,823   

Teranga Gold Corp. (c)

    26,882        14,359   

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

    107,292        25,610   

Timmins Gold Corp. (c)

    59,665        13,552   

TMX Group, Ltd.

    2,627        94,865   

TORC Oil & Gas, Ltd. (a)

    40,624        241,476   

Torex Gold Resources, Inc. (c)

    29,900        41,900   

Toromont Industries, Ltd.

    22,483        593,949   

Torstar Corp. - Class B (a)

    21,453        25,438   

Total Energy Services, Inc.

    13,248        122,407   

TransAlta Corp.

    39,239        182,486   

TransAlta Renewables, Inc. (a)

    10,414        101,434   

Transcontinental, Inc. - Class A

    26,130        414,056   

TransForce, Inc. (a)

    25,364        436,095   

TransGlobe Energy Corp. (a)

    36,372        60,772   

Trican Well Service, Ltd. (a) (c)

    55,663        51,002   

Trinidad Drilling, Ltd.

    68,873        85,909   

Uni-Select, Inc. (a)

    8,978        386,771   

Valener, Inc. (a)

    16,303        256,957   

Vecima Networks, Inc.

    2,500        22,387   

Wajax Corp. (a)

    7,885        106,064   

Wesdome Gold Mines, Ltd. (a) (c)

    38,107        49,587   

Western Energy Services Corp.

    17,973        34,735   

Western Forest Products, Inc.

    145,247        258,341   

WestJet Airlines, Ltd.

    861        13,650   

Westshore Terminals Investment Corp. (a)

    23,388        312,800   

Whistler Blackcomb Holdings, Inc.

    12,342        254,300   

Wi-Lan, Inc.

    58,061        132,328   

Winpak, Ltd. (a)

    9,102        350,554   

Xtreme Drilling & Coil Services Corp. (c)

    11,600        13,755   

Yamana Gold, Inc. (a)

    23,815        72,247   

Yellow Pages, Ltd. (c)

    6,975        111,170   

Canada—(Continued)

   

ZCL Composites, Inc. (a)

    9,681      61,347   

Zenith Epigenetics Corp. (b) (c) (d)

    12,830        800   
   

 

 

 
      49,392,326   
   

 

 

 

China—0.0%

  

China Chuanglian Education Group, Ltd. (c)

    336,000        7,068   
   

 

 

 

Denmark—2.0%

  

ALK-Abello A/S (a)

    1,476        216,776   

Alm Brand A/S

    41,706        305,131   

Ambu A/S - Class B (a)

    9,548        337,196   

Bakkafrost P/F

    8,908        344,677   

Bang & Olufsen A/S (c)

    9,221        99,904   

Bavarian Nordic A/S (a) (c)

    10,666        396,499   

Brodrene Hartmann A/S

    363        15,304   

D/S Norden A/S (a) (c)

    5,328        77,277   

DFDS A/S

    11,185        405,185   

FLSmidth & Co. A/S (a)

    19,649        820,645   

Genmab A/S (c)

    10,677        1,478,180   

GN Store Nord A/S (a)

    70,478        1,467,908   

Gronlandsbanken A/S

    17        1,581   

Harboes Bryggeri A/S - Class B

    1,454        24,977   

IC Group A/S

    3,209        103,835   

Jeudan A/S (c)

    201        22,721   

Jyske Bank A/S

    14,672        660,649   

Matas A/S

    972        19,656   

NKT Holding A/S

    6,820        393,358   

Nordjyske Bank A/S

    185        2,608   

Parken Sport & Entertainment A/S (c)

    2,351        21,365   

PER Aarsleff A/S - Class B

    9,620        264,117   

Ringkjoebing Landbobank A/S (a)

    2,258        474,458   

Rockwool International A/S - B Shares

    3,675        581,391   

Royal Unibrew A/S

    17,828        859,852   

RTX A/S

    1,288        15,959   

Santa Fe Group A/S (c)

    7,121        67,717   

Schouw & Co.

    7,785        485,861   

SimCorp A/S (a)

    17,307        797,477   

Solar A/S - B Shares

    3,176        161,063   

Spar Nord Bank A/S

    32,428        308,620   

Sydbank A/S

    26,018        745,256   

TK Development A/S (c)

    55,316        59,516   

Topdanmark A/S (c)

    36,000        912,785   

Tryg A/S

    12,915        250,472   

United International Enterprises

    1,090        163,941   

Vestjysk Bank A/S (c)

    3,300        4,559   

William Demant Holding A/S (c)

    2,720        272,685   

Zealand Pharma A/S (a) (c)

    2,949        60,724   
   

 

 

 
      13,701,885   
   

 

 

 

Finland—2.7%

  

Ahlstrom Oyj (a)

    11,406        103,606   

Aktia Bank Oyj

    3,139        35,073   

Alma Media Oyj (c)

    22,695        87,669   

Amer Sports Oyj

    47,651        1,380,166   

Apetit Oyj

    1,205        18,436   

Aspo Oyj

    8,414        71,135   

 

MSF-81


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

  

Atria Oyj

    2,604      $ 25,871   

BasWare Oyj (a) (c)

    3,525        153,223   

Biotie Therapies Oyj (c)

    118,993        38,880   

Cargotec Oyj - B Shares (a)

    12,591        406,467   

Caverion Corp. (a)

    46,438        449,496   

Citycon Oyj

    146,997        370,803   

Comptel Oyj

    30,187        52,647   

Cramo Oyj (a)

    9,503        194,910   

Elisa Oyj (a)

    38,934        1,508,361   

F-Secure Oyj (a)

    35,820        107,148   

Finnair Oyj (c)

    35,859        222,439   

Fiskars Oyj Abp (a)

    17,515        343,930   

HKScan Oyj - A Shares

    6,704        24,775   

Huhtamaki Oyj

    39,536        1,462,690   

Ilkka-Yhtyma Oyj

    2,976        6,968   

Kemira Oyj (a)

    41,153        457,291   

Kesko Oyj - A Shares

    494        20,764   

Kesko Oyj - B Shares

    24,862        1,097,232   

Konecranes Oyj (a)

    16,662        395,918   

Lassila & Tikanoja Oyj

    14,630        265,558   

Lemminkainen Oyj

    5,098        81,108   

Metsa Board Oyj

    124,868        833,377   

Metso Oyj (a)

    23,954        568,736   

Munksjo Oyj (c)

    6,311        69,852   

Nokian Renkaat Oyj

    40,917        1,443,074   

Okmetic Oyj

    6,360        54,920   

Olvi Oyj - A Shares

    6,303        179,930   

Oriola-KD Oyj - B Shares (a)

    73,628        362,780   

Orion Oyj - Class A

    14,921        489,485   

Orion Oyj - Class B

    32,754        1,078,984   

Outokumpu Oyj (a) (c)

    102,277        397,521   

Outotec Oyj (a) (c)

    52,402        196,143   

PKC Group Oyj (a)

    7,624        134,959   

Ponsse Oy

    3,208        80,335   

Poyry Oyj (a) (c)

    14,295        55,220   

Raisio Oyj - V Shares

    58,833        289,197   

Ramirent Oyj

    41,687        272,652   

Rapala VMC Oyj

    8,902        45,524   

Saga Furs Oyj

    836        14,743   

Sanoma Oyj (a)

    31,912        155,992   

Sponda Oyj

    6,864        28,877   

Stockmann Oyj Abp - B Shares (a) (c)

    11,956        92,038   

Talvivaara Mining Co. plc (a) (b) (c) (d)

    286,881        1,861   

Technopolis Oyj (a)

    44,123        188,224   

Teleste Oyj

    772        7,630   

Tieto Oyj

    26,229        681,918   

Tikkurila Oyj

    16,835        305,277   

Uponor Oyj (a)

    19,661        285,267   

Vaisala Oyj - A Shares

    4,116        112,665   

Valmet Oyj (a)

    5,431        59,518   

YIT Oyj (a)

    33,084        186,669   
   

 

 

 
      18,055,932   
   

 

 

 

France—5.1%

  

ABC Arbitrage

    4,710        29,638   

Actia Group

    5,737        38,614   

France—(Continued)

  

Air France-KLM (a) (c)

    74,648      708,983   

Akka Technologies S.A.

    3,513        110,219   

Albioma S.A.

    12,855        199,167   

Altamir Amboise

    9,152        108,075   

Alten S.A.

    9,511        582,749   

Altran Technologies S.A.

    70,704        979,145   

APRIL S.A.

    9,077        117,188   

Arkema S.A.

    13,227        989,648   

Assystem

    5,996        162,383   

Aubay

    1,785        43,336   

Axway Software S.A.

    2,132        48,031   

Bastide le Confort Medical

    590        11,396   

Beneteau S.A. (a)

    17,061        232,558   

BioMerieux (a)

    4,066        464,957   

Boiron S.A.

    2,738        221,536   

Bonduelle SCA

    7,722        227,285   

Burelle S.A.

    184        161,219   

Catering International Services

    541        9,016   

Cegedim S.A. (c)

    2,929        85,100   

Cegid Group S.A.

    3,132        176,305   

Chargeurs S.A.

    7,816        78,457   

Cie des Alpes

    3,241        54,546   

Derichebourg S.A.

    31,305        96,801   

Devoteam S.A.

    4,902        237,917   

Eiffage S.A.

    15,551        1,192,211   

Electricite de Strasbourg S.A.

    88        9,630   

Elior (a)

    561        12,293   

Eramet (a) (c)

    1,499        41,789   

Esso S.A. Francaise (c)

    1,341        62,844   

Etablissements Maurel et Prom (a) (c)

    26,859        94,453   

Euler Hermes Group

    2,457        222,477   

Eurofins Scientific SE

    3,384        1,237,959   

Exel Industries - A Shares

    618        47,317   

Faiveley Transport S.A.

    3,418        359,023   

Faurecia

    31,687        1,195,768   

Fimalac

    3,093        343,089   

Fleury Michon S.A.

    461        31,454   

Futuren S.A. (c)

    38,489        28,018   

GameLoft SE (c)

    18,424        156,549   

Gaztransport Et Technigaz S.A.

    3,026        98,729   

GEA

    165        14,081   

GECI International (c)

    9,793        4,012   

GL Events

    3,648        73,032   

Groupe Crit

    1,538        90,203   

Groupe Flo (c)

    5,857        9,653   

Groupe Fnac S.A. (c)

    2,761        173,436   

Groupe Gorge (a)

    1,266        31,905   

Groupe Open

    22        448   

Guerbet

    2,652        203,772   

Haulotte Group S.A. (a)

    7,809        124,189   

Havas S.A.

    6,307        50,491   

HERIGE SADCS

    235        5,261   

HiPay Group S.A. (c)

    1,527        14,232   

Imerys S.A.

    2,714        189,125   

Interparfums S.A.

    4,366        113,887   

Ipsen S.A.

    13,044        748,704   

IPSOS

    12,134        283,311   

 

MSF-82


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

France—(Continued)

  

Jacquet Metal Service

    7,386      $ 106,222   

Korian S.A.

    23,784        699,268   

Lagardere SCA

    51,526        1,366,623   

Lanson-BCC

    15        521   

Laurent-Perrier

    1,367        122,293   

Le Noble Age (c)

    1,488        47,982   

Lectra

    8,395        121,857   

Linedata Services

    341        14,746   

LISI

    11,625        305,564   

Maisons France Confort S.A.

    1,754        85,842   

Manitou BF S.A.

    4,534        77,863   

Manutan International

    589        31,405   

Mersen

    8,985        120,743   

METabolic EXplorer S.A. (c)

    6,035        13,413   

Metropole Television S.A.

    21,233        386,783   

MGI Coutier

    4,744        100,156   

Mr. Bricolage

    601        8,546   

Naturex (c)

    2,358        196,161   

Neopost S.A.

    12,528        262,508   

Nexans S.A. (c)

    10,974        493,138   

Nexity S.A.

    12,502        650,372   

NRJ Group (c)

    12,040        124,480   

Oeneo S.A.

    1,467        11,632   

Onxeo S.A. (c)

    4,566        16,220   

Orpea

    15,896        1,323,023   

Parrot S.A. (a) (c)

    2,647        54,081   

Pierre & Vacances S.A. (c)

    3,103        112,225   

Plastic Omnium S.A.

    34,713        1,193,047   

Rallye S.A. (a)

    8,372        145,088   

Recylex S.A. (c)

    8,543        24,168   

Rexel S.A.

    16,879        240,489   

Robertet S.A.

    14        3,585   

Rubis SCA (a)

    16,453        1,320,452   

Saft Groupe S.A.

    16,151        488,487   

Samse S.A.

    107        14,294   

Sartorius Stedim Biotech

    1,438        546,272   

Savencia S.A.

    3,042        201,657   

SEB S.A.

    6,523        676,351   

Seche Environnement S.A.

    1,555        51,146   

Sequana S.A. (c)

    10,224        35,322   

Societe des Bains de Mer et du Cercle des Etrangers a Monaco (c)

    16        594   

Societe Marseillaise du Tunnel Prado-Carenage S.A.

    293        11,028   

Societe Television Francaise 1

    52,277        674,748   

Soitec (a) (c)

    84,062        55,393   

Solocal Group (a) (c)

    16,327        83,398   

Somfy S.A.

    202        68,909   

Sopra Steria Group

    6,938        819,596   

Spir Communication S.A. (c)

    848        6,584   

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

    26,469        105,739   

STEF S.A.

    1,145        83,642   

Store Electronic (c)

    715        15,159   

Sword Group

    3,419        93,072   

Synergie S.A.

    4,419        119,840   

Technicolor S.A.

    88,305        551,263   

Technip S.A.

    23,061        1,275,193   

Teleperformance

    23,996        2,109,341   

France—(Continued)

  

Tessi S.A.

    895      141,083   

TFF Group

    308        32,067   

Thermador Groupe

    1,002        93,460   

Total Gabon

    324        47,662   

Touax S.A. (c)

    1,463        14,898   

Trigano S.A.

    5,078        333,339   

UBISOFT Entertainment (c)

    41,482        1,301,620   

Union Financiere de France BQE S.A.

    1,659        49,260   

Valneva SE (a) (c)

    15,386        59,285   

Vetoquinol S.A.

    1,341        55,528   

Vicat S.A.

    5,373        348,411   

VIEL & Cie S.A.

    4,205        17,703   

Vilmorin & Cie S.A.

    2,684        198,329   

Virbac S.A. (a)

    1,586        275,487   

Vranken-Pommery Monopole S.A. (a)

    958        26,473   
   

 

 

 
      34,299,743   
   

 

 

 

Germany—6.2%

  

Aareal Bank AG

    32,420        1,046,383   

Adler Modemaerkte AG

    2,828        26,914   

ADVA Optical Networking SE (c)

    13,833        163,606   

Air Berlin plc (a) (c)

    15,003        13,500   

AIXTRON SE (a) (c)

    30,799        149,065   

Allgeier SE

    2,942        53,874   

Amadeus Fire AG

    2,298        173,868   

Aurubis AG

    14,317        712,177   

Axel Springer SE (a)

    10,274        553,209   

Balda AG (a)

    14,264        42,177   

Basler AG

    236        12,748   

Bauer AG

    4,696        78,004   

BayWa AG (a)

    5,731        193,528   

BayWa AG

    305        10,297   

Bechtle AG

    9,570        987,810   

Bertrandt AG (a)

    1,677        192,378   

Bijou Brigitte AG

    1,603        102,438   

Bilfinger SE (a)

    2,692        113,497   

Biotest AG

    4,221        80,461   

Borussia Dortmund GmbH & Co. KGaA (Xetra Exchange)

    30,779        140,458   

CANCOM SE

    7,824        390,555   

Carl Zeiss Meditec AG

    10,600        327,294   

CENIT AG

    5,981        132,836   

CENTROTEC Sustainable AG

    3,158        50,237   

Cewe Stiftung & Co. KGaA

    3,145        206,950   

Comdirect Bank AG

    13,399        149,671   

CompuGroup Medical SE

    8,932        377,336   

Constantin Medien AG (c)

    15,941        36,267   

CropEnergies AG (c)

    9,235        38,464   

CTS Eventim AG & Co. KGaA

    18,228        647,656   

Data Modul AG

    138        6,203   

DEAG Deutsche Entertainment AG (c)

    2,049        8,747   

Delticom AG (a)

    1,562        28,467   

Deutsche Beteiligungs AG

    2,815        86,332   

Deutsche Euroshop AG

    6,047        283,963   

Deutz AG

    35,346        167,046   

Dialog Semiconductor plc (c)

    22,851        903,238   

 

MSF-83


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

  

DIC Asset AG

    7,859      $ 73,399   

DMG Mori AG

    20,797        966,098   

Dr. Hoenle AG

    2,084        55,476   

Draegerwerk AG & Co. KGaA

    1,062        62,718   

Drillisch AG (a)

    19,029        779,239   

Duerr AG

    8,529        670,295   

Eckert & Ziegler AG

    1,629        36,283   

Elmos Semiconductor AG

    7,336        100,110   

ElringKlinger AG

    11,206        305,495   

Euromicron AG (c)

    2,048        14,030   

Evotec AG (c)

    24,706        88,617   

Fielmann AG

    4,101        310,992   

Francotyp-Postalia Holding AG

    3,300        15,462   

Fraport AG Frankfurt Airport Services Worldwide

    3,036        183,458   

Freenet AG

    53,475        1,597,981   

FUCHS Petrolub SE

    5,665        219,339   

Gerresheimer AG

    9,821        769,946   

Gerry Weber International AG (a)

    9,842        138,124   

Gesco AG

    1,521        128,282   

GFK SE

    7,937        297,912   

GFT Technologies SE

    9,142        231,995   

Grammer AG

    7,596        302,393   

GRENKELEASING AG

    2,621        557,357   

H&R AG (c)

    4,113        41,630   

Hamburger Hafen und Logistik AG

    8,624        126,444   

Heidelberger Druckmaschinen AG (a) (c)

    153,682        347,552   

Hella KGaA Hueck & Co.

    940        39,887   

HOCHTIEF AG

    1,291        157,215   

Hornbach Baumarkt AG

    1,543        49,617   

Indus Holding AG

    13,812        680,821   

Init Innovation In Traffic Systems AG (a)

    1,794        31,034   

Isra Vision AG

    2,083        143,990   

Jenoptik AG

    19,047        304,333   

KION Group AG

    16,541        964,325   

Kloeckner & Co. SE

    38,909        380,295   

Koenig & Bauer AG (c)

    4,373        159,764   

Kontron AG (a) (c)

    21,842        78,760   

Krones AG

    5,091        613,145   

KSB AG

    103        39,806   

KUKA AG (a)

    8,843        925,703   

KWS Saat SE

    949        309,546   

LANXESS AG

    31,725        1,524,076   

LEG Immobilien AG (c)

    15,758        1,480,043   

Leifheit AG

    945        55,872   

Leoni AG (a)

    12,471        430,156   

LPKF Laser & Electronics AG (a)

    5,852        44,105   

Manz AG (c)

    1,272        48,598   

Medigene AG (c)

    3,423        27,867   

MLP AG

    20,985        67,871   

MTU Aero Engines AG

    14,899        1,428,442   

MVV Energie AG

    1,668        39,170   

Nemetschek SE

    12,828        616,149   

Nexus AG

    2,764        52,070   

Nordex SE (c)

    23,261        638,087   

Norma Group SE

    10,781        601,011   

OHB SE

    2,315        50,129   

OSRAM Licht AG

    21,899        1,124,445   

Germany—(Continued)

  

Paion AG (c)

    12,581      30,187   

Patrizia Immobilien AG (c)

    15,957        447,052   

Pfeiffer Vacuum Technology AG

    4,085        456,348   

PNE Wind AG (a)

    24,548        50,720   

Progress-Werk Oberkirch AG

    822        34,507   

PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie (c)

    2,118        32,313   

Puma SE (a)

    549        120,698   

PVA TePla AG (c)

    3,358        10,483   

QSC AG (a)

    26,632        34,236   

R Stahl AG

    1,594        55,501   

Rational AG

    1,017        541,848   

Rheinmetall AG

    12,940        1,033,409   

Rhoen Klinikum AG

    32,246        1,000,860   

RIB Software AG (a)

    1,026        10,614   

SAF-Holland S.A.

    31,896        391,637   

Salzgitter AG (a)

    12,083        340,022   

Schaltbau Holding AG

    2,118        112,296   

SGL Carbon SE (a) (c)

    18,022        185,218   

SHW AG (a)

    2,013        56,840   

Singulus Technologies AG (c)

    35,179        8,844   

Sixt SE (a)

    9,652        516,827   

SMA Solar Technology AG (a) (c)

    3,992        207,650   

SMT Scharf AG (c)

    831        10,157   

Softing AG

    1,971        33,388   

Software AG

    20,357        793,798   

Solarworld AG (c)

    348        3,555   

Stada Arzneimittel AG

    19,797        782,428   

STRATEC Biomedical AG

    1,697        82,264   

Stroeer SE & Co. KGaA (a)

    8,451        530,929   

Suedzucker AG

    26,310        462,251   

Surteco SE

    1,501        36,409   

Suss Microtec AG (c)

    6,216        63,218   

TAG Immobilien AG

    39,448        531,734   

Takkt AG

    11,656        223,819   

Technotrans AG

    3,008        55,850   

TLG Immobilien AG

    2,015        43,786   

Tom Tailor Holding AG (a) (c)

    6,389        31,338   

Tomorrow Focus AG (c)

    1,815        5,688   

VERBIO Vereinigte BioEnergie AG

    780        6,919   

Vossloh AG (a) (c)

    4,089        267,659   

VTG AG (a)

    5,545        168,696   

Wacker Chemie AG (a)

    2,424        212,967   

Wacker Neuson SE

    10,071        160,106   

Washtec AG

    3,397        141,085   

Wincor Nixdorf AG (c)

    10,359        574,641   

XING AG

    1,097        200,250   
   

 

 

 
      41,315,658   
   

 

 

 

Hong Kong—2.9%

  

Alco Holdings, Ltd.

    136,000        50,517   

Allan International Holdings

    70,000        16,784   

Allied Group, Ltd. (a)

    22,000        104,933   

Allied Properties HK, Ltd.

    1,466,024        283,456   

Anxian Yuan China Holdings, Ltd. (c)

    420,000        7,229   

Apac Resources, Ltd. (c)

    472,173        4,938   

 

MSF-84


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

  

APT Satellite Holdings, Ltd.

    164,250      $ 129,992   

Arts Optical International Holdings, Ltd.

    16,000        5,672   

Asia Financial Holdings, Ltd.

    300,000        128,036   

Asia Satellite Telecommunications Holdings, Ltd.

    58,500        79,183   

Asia Standard International Group, Ltd.

    370,000        60,093   

ASM Pacific Technology, Ltd. (a)

    26,600        207,886   

Associated International Hotels, Ltd.

    14,000        37,539   

Aupu Group Holding Co., Ltd.

    198,000        47,019   

Auto Italia Holdings (a) (c)

    175,000        4,966   

Bel Global Resources Holdings, Ltd. (b) (c) (d)

    520,000        0   

Bonjour Holdings, Ltd.

    615,000        30,136   

Bossini International Holdings, Ltd.

    302,000        19,080   

Bright Smart Securities & Commodities Group, Ltd.

    40,000        11,355   

Brockman Mining, Ltd. (a) (c)

    2,516,770        39,267   

Burwill Holdings, Ltd. (c)

    1,566,000        56,529   

Cafe de Coral Holdings, Ltd.

    134,000        389,586   

CEC International Holdings, Ltd.

    80,000        11,245   

Century City International Holdings, Ltd.

    616,000        38,127   

Champion Technology Holdings, Ltd. (c)

    1,233,093        18,279   

Chen Hsong Holdings

    150,000        30,358   

Cheuk Nang Holdings, Ltd.

    90,473        64,660   

Chevalier International Holdings, Ltd.

    75,139        118,959   

China Billion Resources, Ltd. (b) (c) (d)

    476,000        0   

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

    2,366,000        42,713   

China Energy Development Holdings, Ltd. (c)

    3,670,000        49,206   

China Flavors & Fragrances Co., Ltd.

    71,446        26,246   

China Infrastructure Investment, Ltd. (c)

    626,000        6,700   

China Metal International Holdings, Inc.

    198,000        57,337   

China Public Procurement, Ltd. (a) (c)

    1,260,000        27,305   

China Smarter Energy Group Holdings, Ltd. (a) (c)

    670,000        62,197   

China Solar Energy Holdings, Ltd. (b) (c) (d)

    162,000        705   

China Star Entertainment, Ltd. (c)

    126,000        9,582   

China Strategic Holdings, Ltd. (c)

    1,732,500        56,876   

China Ting Group Holdings, Ltd. (c)

    318,550        15,330   

Chinney Investment, Ltd.

    8,000        1,709   

Chow Sang Sang Holdings International, Ltd.

    119,000        178,264   

Chu Kong Shipping Enterprises Group Co., Ltd.

    154,000        38,330   

Chuang’s China Investments, Ltd.

    341,000        14,065   

Chuang’s Consortium International, Ltd.

    446,357        59,287   

CITIC Telecom International Holdings, Ltd.

    467,000        175,872   

CK Life Sciences International Holdings, Inc.

    1,594,000        129,502   

CNT Group, Ltd.

    246,000        9,355   

Continental Holdings, Ltd. (c)

    220,000        3,035   

CP Lotus Corp. (c)

    1,750,000        34,290   

Crocodile Garments (c)

    216,000        35,372   

Cross-Harbour Holdings, Ltd. (The) (a)

    119,000        158,027   

CSI Properties, Ltd.

    3,194,023        91,853   

CST Mining Group, Ltd. (c)

    8,984,000        119,277   

Dah Sing Banking Group, Ltd.

    172,671        303,732   

Dah Sing Financial Holdings, Ltd.

    66,260        407,390   

Dan Form Holdings Co., Ltd.

    287,000        56,998   

Dickson Concepts International, Ltd.

    131,000        38,007   

Eagle Nice International Holdings, Ltd.

    120,000        34,513   

EcoGreen International Group, Ltd.

    99,000        21,318   

Emperor Capital Group, Ltd.

    540,000        45,268   

Hong Kong—(Continued)

  

Emperor Entertainment Hotel, Ltd.

    235,000      46,986   

Emperor International Holdings, Ltd.

    565,250        102,778   

Emperor Watch & Jewellery, Ltd.

    1,520,000        37,444   

ENM Holdings, Ltd. (c)

    556,000        27,608   

EPI Holdings, Ltd. (c)

    586,800        13,998   

Esprit Holdings, Ltd. (a) (c)

    833,950        774,323   

eSun Holdings, Ltd. (c)

    400,000        26,823   

Fairwood Holdings, Ltd.

    34,500        117,762   

Far East Consortium International, Ltd.

    654,356        211,288   

First Pacific Co., Ltd.

    18,000        13,460   

Fountain SET Holdings, Ltd.

    422,000        46,250   

Future Bright Holdings, Ltd.

    156,000        16,094   

G-Resources Group, Ltd.

    11,842,800        235,177   

GCL New Energy Holdings, Ltd. (a) (c)

    872,000        48,331   

Get Nice Financial Group, Inc. (d)

    64,350        4,977   

Get Nice Holdings, Ltd.

    2,574,000        89,791   

Giordano International, Ltd.

    536,000        246,032   

Global Brands Group Holding, Ltd. (c)

    378,000        45,813   

Glorious Sun Enterprises, Ltd.

    262,000        31,312   

Gold Peak Industries Holdings, Ltd.

    277,714        31,502   

Golden Resources Development International, Ltd.

    370,000        19,036   

Guangnan Holdings, Ltd.

    264,000        30,979   

Guotai Junan International Holdings, Ltd. (a)

    391,600        136,926   

Haitong International Securities Group, Ltd. (a)

    421,969        243,947   

Hanison Construction Holdings, Ltd. (a)

    148,009        25,386   

Hao Tian Development Group, Ltd. (c)

    858,000        30,443   

Harbour Centre Development, Ltd.

    88,000        150,918   

Hi-Level Technology Holdings, Ltd. (c)

    10,080        507   

HKR International, Ltd.

    405,600        172,597   

HNA International Investment Holdings, Ltd. (c)

    1,775,200        85,869   

Hon Kwok Land Investment Co., Ltd.

    140,000        50,503   

Hong Kong Aircraft Engineering Co., Ltd. (a)

    8,800        59,058   

Hong Kong Ferry Holdings Co., Ltd.

    22,000        25,025   

Hong Kong Television Network, Ltd. (c)

    165,000        38,722   

Hongkong & Shanghai Hotels (The)

    21,000        22,229   

Hongkong Chinese, Ltd.

    866,000        166,341   

Hopewell Holdings, Ltd.

    47,500        153,440   

Hsin Chong Construction Group, Ltd. (a)

    918,000        66,265   

Hung Hing Printing Group, Ltd.

    252,000        31,182   

Hutchison Telecommunications Hong Kong Holdings, Ltd. (a)

    526,000        185,099   

I-CABLE Communications, Ltd. (c)

    177,000        14,608   

Imagi International Holdings, Ltd. (b) (c) (d)

    2,403,000        32,836   

International Standard Resources Holdings, Ltd. (c)

    1,485,000        33,922   

iOne Holdings, Ltd. (c)

    960,000        29,087   

IPE Group, Ltd.

    285,000        55,474   

IRC, Ltd. (c)

    760,000        11,371   

IT, Ltd.

    278,000        67,025   

ITC Properties Group, Ltd.

    99,556        40,173   

Jinhui Holdings Co., Ltd. (c)

    70,000        8,573   

Johnson Electric Holdings, Ltd.

    106,875        330,044   

K Wah International Holdings, Ltd. (a)

    617,788        272,336   

Kader Holdings Co., Ltd. (c)

    264,000        24,345   

Kam Hing International Holdings, Ltd.

    196,000        13,392   

Kantone Holdings, Ltd. (c)

    93,000        8,994   

 

MSF-85


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

  

Keck Seng Investments

    72,000      $ 51,611   

Kerry Logistics Network, Ltd.

    33,500        47,914   

Kingmaker Footwear Holdings, Ltd.

    102,000        28,531   

Kowloon Development Co., Ltd.

    159,000        148,826   

L’sea Resources International Holdings, Ltd. (c)

    360,000        10,682   

Lai Sun Development Co., Ltd.

    6,835,666        104,894   

Lai Sun Garment International, Ltd.

    498,800        62,892   

Lam Soon Hong Kong, Ltd.

    15,000        11,795   

Landsea Green Properties Co., Ltd.

    120,000        10,366   

Lifestyle International Holdings, Ltd.

    161,500        217,795   

Lippo China Resources, Ltd.

    2,106,000        62,725   

Lippo, Ltd.

    122,000        67,154   

Lisi Group Holdings, Ltd.

    562,000        28,579   

Liu Chong Hing Investment, Ltd.

    86,000        98,017   

Luen Thai Holdings, Ltd.

    116,000        20,041   

Luk Fook Holdings International, Ltd. (a)

    135,000        306,517   

Luks Group Vietnam Holdings Co., Ltd.

    68,000        22,793   

Lung Kee Bermuda Holdings

    116,000        32,108   

Magnificent Hotel Investment, Ltd.

    1,310,000        30,236   

Man Wah Holdings, Ltd.

    291,600        370,348   

Mason Financial Holdings, Ltd. (c)

    2,250,000        92,874   

Matrix Holdings, Ltd.

    36,000        13,041   

Melco International Development, Ltd. (a)

    114,000        159,097   

Midland Holdings, Ltd. (a) (c)

    302,000        94,128   

Ming Fai International Holdings, Ltd.

    145,000        14,583   

Miramar Hotel & Investment

    12,000        20,728   

National Electronic Holdings, Ltd.

    182,600        20,244   

Neo-Neon Holdings, Ltd. (c)

    322,500        43,658   

Neptune Group, Ltd. (c)

    1,060,000        8,608   

New Century Group Hong Kong, Ltd.

    912,000        15,636   

New Times Energy Corp., Ltd. (c)

    306,300        5,687   

Newocean Energy Holdings, Ltd. (a)

    488,000        176,127   

Next Digital, Ltd.

    414,000        22,691   

Noble Group, Ltd. (a) (c)

    373,200        121,685   

O Luxe Holdings, Ltd. (c)

    648,000        26,327   

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

    375,882        27,161   

Orient Overseas International, Ltd.

    8,500        32,761   

Oriental Watch Holdings (a)

    271,600        33,272   

Pacific Andes International Holdings, Ltd. (b) (c) (d)

    1,819,984        34,299   

Pacific Basin Shipping, Ltd.

    656,000        94,743   

Pacific Textiles Holdings, Ltd.

    187,000        270,020   

Paliburg Holdings, Ltd.

    328,000        100,842   

Paradise Entertainment, Ltd. (a)

    168,000        25,721   

Pearl Oriental Oil, Ltd. (c)

    404,000        23,184   

Perfect Shape Beauty Technology, Ltd.

    108,000        11,833   

Pico Far East Holdings, Ltd.

    468,000        124,899   

Playmates Holdings, Ltd.

    56,000        65,760   

Playmates Toys, Ltd.

    236,000        49,142   

Polytec Asset Holdings, Ltd.

    565,000        47,358   

Public Financial Holdings, Ltd.

    166,000        77,487   

PYI Corp., Ltd. (a)

    2,140,366        49,579   

Regal Hotels International Holdings, Ltd.

    424,000        211,020   

Rivera Holdings, Ltd.

    20,000        1,006   

Sa Sa International Holdings, Ltd. (a)

    410,666        128,153   

SAS Dragon Holdings, Ltd.

    140,000        24,910   

Hong Kong—(Continued)

  

SEA Holdings, Ltd. (a)

    94,000      255,060   

Shangri-La Asia, Ltd.

    42,000        47,927   

Shenwan Hongyuan HK, Ltd.

    172,500        84,614   

Shun Ho Technology Holdings, Ltd. (c)

    21,615        6,576   

Shun Tak Holdings, Ltd.

    701,500        233,437   

Silver Base Group Holdings, Ltd. (c)

    422,000        58,879   

Sing Tao News Corp., Ltd.

    276,000        39,139   

Singamas Container Holdings, Ltd.

    786,000        85,386   

SIS International Holdings

    16,000        8,044   

Sitoy Group Holdings, Ltd.

    111,000        34,919   

SmarTone Telecommunications Holdings, Ltd.

    142,388        237,555   

SOCAM Development, Ltd. (c)

    179,876        92,787   

Solomon Systech International, Ltd. (c)

    920,000        39,160   

Soundwill Holdings, Ltd.

    50,000        59,037   

South China Holdings Co., Ltd. (c)

    992,000        65,787   

Stella International Holdings, Ltd. (a)

    161,500        378,052   

Stelux Holdings International, Ltd.

    260,500        18,780   

Success Universe Group, Ltd. (c)

    240,000        5,930   

Sun Hing Vision Group Holdings, Ltd.

    42,000        14,673   

Sun Hung Kai & Co., Ltd. (a)

    322,440        194,174   

Sunwah Kingsway Capital Holdings, Ltd.

    310,000        5,597   

Symphony Holdings, Ltd. (c)

    390,000        46,257   

TAI Cheung Holdings, Ltd.

    232,000        173,608   

Tan Chong International, Ltd.

    63,000        20,628   

Tao Heung Holdings, Ltd. (a)

    204,000        46,293   

Taung Gold International, Ltd. (c)

    700,000        7,220   

Television Broadcasts, Ltd.

    123,500        445,845   

Texwinca Holdings, Ltd.

    300,000        292,453   

Titan Petrochemicals Group, Ltd. (b) (c) (d)

    1,000,000        64   

Tradelink Electronic Commerce, Ltd.

    256,000        56,427   

Transport International Holdings, Ltd.

    132,000        357,325   

Trinity, Ltd.

    466,000        48,685   

TSC Group Holdings, Ltd. (c)

    216,000        32,032   

Tsui Wah Holdings, Ltd.

    40,000        7,634   

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

    241,000        96,911   

Universal Technologies Holdings, Ltd. (c)

    120,000        6,808   

Up Energy Development Group, Ltd. (c)

    92,000        1,815   

Upbest Group, Ltd.

    8,000        1,960   

Value Convergence Holdings, Ltd. (c)

    104,000        17,033   

Value Partners Group, Ltd. (a)

    189,000        198,711   

Varitronix International, Ltd.

    137,000        109,732   

Vedan International Holdings, Ltd.

    296,000        17,743   

Victory City International Holdings, Ltd. (a)

    813,270        58,737   

Vitasoy International Holdings, Ltd.

    358,000        667,642   

VS International Group, Ltd. (c)

    160,000        6,918   

VST Holdings, Ltd.

    487,200        112,477   

VTech Holdings, Ltd.

    35,300        419,063   

Wai Kee Holdings, Ltd.

    54,000        16,433   

Win Hanverky Holdings, Ltd.

    332,000        59,948   

Winfull Group Holdings, Ltd. (c)

    528,000        11,305   

Wing On Co. International, Ltd.

    46,000        134,370   

Wing Tai Properties, Ltd.

    280,000        157,012   

Xinyi Glass Holdings, Ltd. (a)

    826,000        549,650   

Yeebo International Holdings, Ltd.

    158,000        32,395   

YGM Trading, Ltd.

    46,000        28,523   

Yuan Heng Gas Holdings, Ltd. (c)

    140,000        11,009   

 

MSF-86


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

  

Yugang International, Ltd.

    1,466,000      $ 27,414   
   

 

 

 
      19,355,567   
   

 

 

 

Ireland—1.5%

  

C&C Group plc

    156,493        706,017   

DCC plc

    18,166        1,599,563   

FBD Holdings plc (c)

    10,350        75,545   

Glanbia plc

    40,530        826,659   

Grafton Group plc

    88,160        911,186   

Greencore Group plc

    238,369        1,280,877   

IFG Group plc

    44,002        106,169   

Independent News & Media plc (c)

    35,056        6,577   

Irish Continental Group plc

    22,664        140,120   

Kingspan Group plc

    54,781        1,454,126   

Paddy Power Betfair plc

    5,199        724,042   

Paddy Power Betfair plc

    5,239        727,852   

Smurfit Kappa Group plc

    11,491        296,026   

UDG Healthcare plc

    104,367        873,656   
   

 

 

 
      9,728,415   
   

 

 

 

Isle of Man—0.1%

  

GVC Holdings plc

    61,038        442,457   
   

 

 

 

Israel—0.8%

  

Africa Israel Investments, Ltd. (c)

    64,935        28,174   

Africa Israel Properties, Ltd.

    4,653        66,261   

Africa Israel Residences, Ltd.

    880        15,578   

Airport City, Ltd. (c)

    25,014        244,690   

Allot Communications, Ltd. (c)

    10,216        53,154   

Alrov Properties and Lodgings, Ltd.

    5,057        110,118   

Amot Investments, Ltd.

    25,066        90,189   

AudioCodes, Ltd. (c)

    13,306        61,581   

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

    23,712        19,245   

Bayside Land Corp.

    205        70,763   

Big Shopping Centers, Ltd.

    1,031        58,277   

BioLine RX, Ltd. (c)

    2,565        2,660   

Blue Square Real Estate, Ltd.

    738        22,886   

Brainsway, Ltd. (c)

    2,674        11,652   

Cellcom Israel, Ltd. (c)

    13,058        92,973   

Ceragon Networks, Ltd. (c)

    14,799        18,256   

Clal Biotechnology Industries, Ltd. (c)

    17,579        14,214   

Clal Insurance Enterprises Holdings, Ltd. (c)

    7,114        81,752   

Cohen Development & Industrial Buildings, Ltd. (c)

    305        5,975   

Compugen, Ltd. (c)

    14,846        83,726   

Delek Automotive Systems, Ltd.

    10,535        101,796   

Delta-Galil Industries, Ltd.

    4,030        109,194   

Direct Insurance Financial Investments, Ltd.

    5,783        42,943   

El Al Israel Airlines

    37,740        28,264   

Electra, Ltd.

    652        89,070   

Elron Electronic Industries, Ltd. (c)

    7,585        34,585   

Equital, Ltd. (c)

    550        9,276   

Evogene, Ltd. (c)

    5,090        33,935   

First International Bank of Israel, Ltd.

    8,900        110,297   

FMS Enterprises Migun, Ltd.

    910        21,378   

Israel—(Continued)

  

Formula Systems 1985, Ltd.

    2,591      79,460   

Fox Wizel, Ltd.

    1,475        22,060   

Frutarom Industries, Ltd.

    12,695        664,401   

Gilat Satellite Networks, Ltd. (c)

    3,070        14,297   

Golf & Co., Ltd.

    6,101        7,908   

Hadera Paper, Ltd. (c)

    1,104        31,208   

Harel Insurance Investments & Financial Services, Ltd.

    43,597        166,508   

Hilan, Ltd.

    1,413        19,013   

IDI Insurance Co., Ltd.

    316        16,146   

Industrial Buildings Corp., Ltd.

    29,599        27,256   

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

    134,749        227,923   

Israel Land Development Co., Ltd. (The)

    3,950        20,418   

Ituran Location and Control, Ltd.

    654        12,868   

Jerusalem Oil Exploration (c)

    4,736        192,928   

Kamada, Ltd. (c)

    11,729        45,261   

Kerur Holdings, Ltd.

    931        16,240   

Maabarot Products, Ltd.

    3,435        49,274   

Magic Software Enterprises, Ltd.

    9,462        64,471   

Matrix IT, Ltd.

    14,215        90,952   

Mazor Robotics, Ltd. (c)

    10,502        64,665   

Meitav DS Investments, Ltd.

    5,193        15,066   

Melisron, Ltd.

    4,351        156,682   

Menorah Mivtachim Holdings, Ltd. (c)

    11,310        94,783   

Migdal Insurance & Financial Holding, Ltd.

    55,471        38,522   

Mivtach Shamir Holdings, Ltd.

    1,401        27,594   

Naphtha Israel Petroleum Corp., Ltd. (c)

    14,775        74,719   

Neto ME Holdings, Ltd.

    963        69,621   

Nova Measuring Instruments, Ltd. (c)

    9,293        96,664   

Oil Refineries, Ltd. (c)

    418,554        160,300   

Ormat Technologies, Inc.

    1        23   

Partner Communications Co., Ltd. (c)

    21,648        101,627   

Paz Oil Co., Ltd.

    1,481        235,176   

Perion Network, Ltd. (c)

    3,246        6,493   

Phoenix Holdings, Ltd. (The) (c)

    20,176        51,427   

Plasson Industries, Ltd.

    1,729        42,892   

Rami Levi Chain Stores Hashikma Marketing, Ltd.

    1,803        69,924   

Sapiens International Corp. NV

    6,702        79,639   

Shikun & Binui, Ltd.

    73,332        130,064   

Shufersal, Ltd.

    23,137        77,679   

Space Communication, Ltd. (c)

    2,951        29,918   

Strauss Group, Ltd.

    4,554        68,193   

Summit Real Estate Holdings, Ltd. (c)

    2,798        14,447   

Tower Semiconductor, Ltd. (c)

    12,319        151,456   

Tower Semiconductor, Ltd. (U.S. Listed Shares) (a) (c)

    1,303        15,792   

Union Bank of Israel (c)

    7,545        27,476   
   

 

 

 
      5,402,296   
   

 

 

 

Italy—3.7%

  

A2A S.p.A.

    481,411        624,920   

ACEA S.p.A.

    23,394        357,986   

Aeffe S.p.A. (a) (c)

    11,359        13,270   

Alerion Cleanpower S.p.A.

    5,771        14,151   

Amplifon S.p.A.

    36,377        315,227   

Anima Holding S.p.A.

    10,612        77,432   

 

MSF-87


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

  

Ansaldo STS S.p.A.

    39,015      $ 465,590   

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

    63,913        72,473   

Ascopiave S.p.A.

    28,294        73,699   

Astaldi S.p.A. (a)

    20,559        94,997   

Autogrill S.p.A. (c)

    44,414        368,698   

Azimut Holding S.p.A.

    40,582        932,365   

Banca Carige S.p.A. (a) (c)

    156,432        101,283   

Banca Finnat Euramerica S.p.A.

    50,851        22,092   

Banca Generali S.p.A.

    19,591        575,795   

Banca IFIS S.p.A.

    7,714        255,262   

Banca Mediolanum S.p.A.

    1,773        14,108   

Banca Popolare dell’Emilia Romagna SC

    202,667        955,679   

Banca Popolare dell’Etruria e del Lazio SC (a) (b) (c) (d)

    91,952        11,436   

Banca Popolare di Milano Scarl

    1,819,630        1,261,764   

Banca Popolare di Sondrio Scarl

    173,614        608,075   

Banca Profilo S.p.A. (a)

    117,883        29,848   

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

    20,306        56,306   

Banco Popolare SC (a) (c)

    46,132        316,907   

BasicNet S.p.A.

    13,493        62,541   

Biesse S.p.A.

    6,021        97,808   

Brembo S.p.A.

    9,033        466,837   

Brunello Cucinelli S.p.A. (a)

    8,151        153,859   

Buzzi Unicem S.p.A.

    30,820        531,410   

Cairo Communication S.p.A.

    10,087        53,979   

Caltagirone Editore S.p.A. (c)

    6,273        6,348   

Carraro S.p.A. (c)

    5,504        8,291   

Cementir Holding S.p.A.

    31,117        155,335   

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

    201,871        238,498   

Credito Emiliano S.p.A.

    44,882        305,380   

Credito Valtellinese SC (c)

    463,264        302,072   

Danieli & C Officine Meccaniche S.p.A.

    4,846        101,839   

Datalogic S.p.A.

    9,916        193,373   

Davide Campari-Milano S.p.A.

    106,679        1,064,618   

De’Longhi S.p.A.

    16,896        384,243   

DeA Capital S.p.A.

    18,071        25,962   

DiaSorin S.p.A.

    6,863        395,816   

Ei Towers S.p.A.

    7,035        391,666   

El.En. S.p.A.

    1,257        56,923   

Engineering S.p.A.

    2,150        160,179   

ERG S.p.A.

    21,603        293,773   

Esprinet S.p.A.

    18,719        169,061   

Eurotech S.p.A. (c)

    13,076        19,484   

Falck Renewables S.p.A.

    34,815        38,038   

FNM S.p.A.

    55,327        26,963   

Geox S.p.A. (a) (c)

    42,620        137,833   

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

    75,580        82,726   

Gruppo MutuiOnline S.p.A.

    5,404        42,926   

Hera S.p.A.

    231,619        691,071   

IMMSI S.p.A. (c)

    100,436        42,606   

Industria Macchine Automatiche S.p.A.

    5,461        320,300   

Intek Group S.p.A. (c)

    80,757        21,990   

Interpump Group S.p.A.

    28,206        412,367   

Iren S.p.A.

    231,134        413,350   

Italcementi S.p.A.

    64,343        753,967   

Italmobiliare S.p.A.

    4,262        190,671   

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

    147,435        43,107   

Italy—(Continued)

  

La Doria S.p.A.

    3,877      58,057   

Landi Renzo S.p.A. (c)

    5,877        3,375   

Maire Tecnimont S.p.A. (c)

    35,567        107,057   

MARR S.p.A.

    13,428        270,374   

Mediaset S.p.A.

    192,042        790,146   

Moncler S.p.A.

    10,344        174,421   

Nice S.p.A.

    9,890        28,078   

Parmalat S.p.A.

    18,078        50,022   

Piaggio & C S.p.A. (a)

    71,430        151,221   

Prelios S.p.A. (a) (c)

    54,976        4,916   

Prima Industrie S.p.A.

    1,853        23,148   

Prysmian S.p.A.

    75,002        1,698,883   

Recordati S.p.A.

    33,633        841,443   

Reno de Medici S.p.A. (c)

    29,538        11,562   

Reply S.p.A.

    1,999        296,057   

Retelit S.p.A. (c)

    36,769        24,962   

Rizzoli Corriere Della Sera Mediagroup S.p.A. (a) (c)

    79,933        42,802   

Sabaf S.p.A.

    3,059        35,787   

SAES Getters S.p.A.

    1,416        19,122   

Safilo Group S.p.A. (a) (c)

    10,142        90,254   

Saipem S.p.A. (c)

    605,130        241,282   

Salini Impregilo S.p.A.

    70,140        295,045   

Salvatore Ferragamo S.p.A. (a)

    16,352        417,586   

Saras S.p.A. (c)

    134,526        215,771   

SAVE S.p.A.

    5,376        77,140   

Snai S.p.A. (c)

    21,135        19,956   

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

    63,558        433,520   

Societa Iniziative Autostradali e Servizi S.p.A.

    25,981        265,457   

Sogefi S.p.A. (c)

    24,822        39,883   

SOL S.p.A.

    11,001        97,846   

Tiscali S.p.A. (c)

    802,477        51,367   

Tod’s S.p.A. (a)

    3,954        281,422   

Trevi Finanziaria Industriale S.p.A. (a)

    31,414        53,505   

TXT e-solutions S.p.A.

    1,815        15,746   

Uni Land S.p.A. (b) (c) (d)

    4,937        0   

Unipol Gruppo Finanziario S.p.A.

    126,457        511,267   

UnipolSai S.p.A.

    34,177        79,023   

Vittoria Assicurazioni S.p.A.

    12,164        118,146   

Yoox Net-A-Porter Group S.p.A. (c)

    21,692        664,384   

Zignago Vetro S.p.A.

    11,476        75,475   
   

 

 

 
      25,152,081   
   

 

 

 

Japan—23.1%

  

A&A Material Corp. (c)

    12,000        8,074   

A&D Co., Ltd.

    3,000        10,446   

A/S One Corp.

    4,700        177,842   

Accordia Golf Co., Ltd.

    20,600        193,407   

Achilles Corp. (a)

    65,000        83,142   

Adastria Co., Ltd.

    9,240        279,652   

ADEKA Corp.

    34,600        503,913   

Aderans Co., Ltd. (a)

    8,700        51,891   

Advan Co., Ltd.

    10,700        96,595   

Advanex, Inc.

    900        10,037   

Advantest Corp. (a)

    7,400        68,410   

Aeon Delight Co., Ltd. (a)

    3,900        125,082   

 

MSF-88


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Aeon Fantasy Co., Ltd. (a)

    2,400      $ 48,015   

Aeon Hokkaido Corp. (a)

    2,600        12,276   

AGORA Hospitality Group Co., Ltd. (c)

    27,000        9,355   

Agro-Kanesho Co., Ltd.

    3,500        32,521   

Ahresty Corp.

    9,200        59,806   

Ai Holdings Corp.

    12,200        352,915   

Aica Kogyo Co., Ltd.

    17,800        373,674   

Aichi Bank, Ltd. (The)

    4,500        188,444   

Aichi Corp.

    10,800        74,946   

Aichi Steel Corp.

    43,000        168,413   

Aichi Tokei Denki Co., Ltd.

    19,000        51,432   

Aida Engineering, Ltd.

    20,700        179,244   

Aigan Co., Ltd. (c)

    6,600        13,172   

Ain Holdings, Inc.

    6,000        307,018   

Aiphone Co., Ltd.

    6,800        113,607   

Airport Facilities Co., Ltd.

    7,500        33,851   

Aisan Industry Co., Ltd.

    10,400        81,621   

Aizawa Securities Co., Ltd. (a)

    13,800        72,325   

Akebono Brake Industry Co., Ltd. (a) (c)

    32,600        77,941   

Akita Bank, Ltd. (The)

    86,000        234,031   

Alconix Corp.

    3,200        44,554   

Alinco, Inc. (a)

    5,800        51,757   

Alpen Co., Ltd. (a)

    7,000        115,334   

Alpha Corp.

    2,200        21,386   

Alpha Systems, Inc.

    3,940        60,475   

Alpine Electronics, Inc.

    16,600        185,881   

Alps Logistics Co., Ltd.

    8,200        40,660   

Altech Corp.

    2,600        54,463   

Amano Corp.

    21,000        330,936   

Amiyaki Tei Co., Ltd.

    1,100        44,066   

Amuse, Inc. (a)

    3,600        74,176   

Anabuki Kosan, Inc.

    4,000        9,084   

Anest Iwata Corp.

    11,700        111,778   

Anritsu Corp. (a)

    48,800        267,805   

AOI Electronics Co., Ltd.

    1,100        24,357   

AOI Pro, Inc.

    4,700        39,387   

AOKI Holdings, Inc. (a)

    17,700        213,418   

Aomori Bank, Ltd. (The) (a)

    94,000        273,869   

Aoyama Trading Co., Ltd.

    17,900        687,547   

Arakawa Chemical Industries, Ltd.

    7,200        61,981   

Arata Corp. (a)

    4,600        101,009   

Araya Industrial Co., Ltd.

    26,000        29,329   

Arcland Sakamoto Co., Ltd.

    12,800        135,187   

Arcs Co., Ltd.

    13,364        298,664   

Argo Graphics, Inc.

    2,800        43,058   

Ariake Japan Co., Ltd.

    5,700        333,754   

Arisawa Manufacturing Co., Ltd. (a)

    14,300        72,839   

Arrk Corp. (c)

    22,600        17,434   

Artnature, Inc.

    5,000        44,977   

Asahi Broadcasting Corp.

    2,400        14,561   

Asahi Co., Ltd.

    4,500        60,478   

Asahi Diamond Industrial Co., Ltd.

    21,200        189,448   

Asahi Holdings, Inc.

    9,000        121,180   

Asahi Intecc Co., Ltd.

    3,800        177,847   

Asahi Kogyosha Co., Ltd.

    16,000        61,548   

Asahi Net, Inc.

    5,000        21,568   

Asahi Organic Chemicals Industry Co., Ltd.

    34,000        61,812   

Japan—(Continued)

  

Asahi Printing Co., Ltd.

    200      3,874   

Asahipen Corp.

    4,000        5,825   

Asanuma Corp.

    24,000        64,149   

Asatsu-DK, Inc.

    13,300        341,666   

Asax Co., Ltd.

    1,800        21,632   

Ashimori Industry Co., Ltd.

    24,000        34,849   

Asia Growth Capital, Ltd. (a) (c)

    21,000        16,739   

ASKA Pharmaceutical Co., Ltd.

    9,000        110,908   

ASKUL Corp.

    6,300        256,221   

Asunaro Aoki Construction Co., Ltd.

    8,000        51,582   

Atom Corp. (a)

    11,100        65,012   

Atsugi Co., Ltd.

    88,000        89,027   

Autobacs Seven Co., Ltd. (a)

    22,700        382,486   

Avex Group Holdings, Inc. (a)

    12,000        155,969   

Awa Bank, Ltd. (The)

    82,000        396,908   

Axell Corp.

    3,800        28,454   

Axial Retailing, Inc.

    5,900        193,626   

Azbil Corp.

    4,300        110,028   

Bando Chemical Industries, Ltd.

    39,000        176,319   

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

    7,200        260,893   

Bank of Kochi, Ltd. (The)

    16,000        16,484   

Bank of Nagoya, Ltd. (The) (a)

    78,000        256,316   

Bank of Okinawa, Ltd. (The)

    8,800        288,799   

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

    67,000        126,164   

Bank of the Ryukyus, Ltd.

    15,800        177,058   

Belc Co., Ltd.

    2,800        105,503   

Belluna Co., Ltd.

    21,900        111,066   

Benefit One, Inc. (a)

    5,400        121,466   

Best Denki Co., Ltd. (a)

    40,000        41,860   

Bic Camera, Inc.

    23,500        212,929   

Biofermin Pharmaceutical Co., Ltd.

    500        16,682   

BML, Inc.

    4,000        154,660   

Bookoff Corp.

    4,700        37,212   

BP Castrol KK (a)

    2,600        29,433   

Broadleaf Co., Ltd.

    5,100        61,559   

BRONCO BILLY Co., Ltd.

    2,400        55,911   

Bull-Dog Sauce Co., Ltd.

    6,000        11,187   

Bunka Shutter Co., Ltd.

    19,000        155,717   

C Uyemura & Co., Ltd. (a)

    2,800        118,699   

CAC Holdings Corp.

    6,200        45,209   

Calsonic Kansei Corp.

    55,000        407,724   

Can Do Co., Ltd. (a)

    3,500        48,021   

Canare Electric Co., Ltd.

    800        13,828   

Canon Electronics, Inc.

    7,400        108,642   

Capcom Co., Ltd.

    16,500        401,554   

Carlit Holdings Co., Ltd.

    7,300        32,104   

Cawachi, Ltd.

    5,700        102,978   

Central Glass Co., Ltd.

    75,000        406,268   

Central Security Patrols Co., Ltd.

    3,300        78,881   

Central Sports Co., Ltd.

    3,200        65,186   

Chiba Kogyo Bank, Ltd. (The)

    16,000        72,158   

Chilled & Frozen Logistics Holdings Co., Ltd.

    2,800        21,587   

CHIMNEY Co., Ltd.

    1,400        37,771   

Chino Corp.

    4,000        36,634   

Chiyoda Co., Ltd.

    8,900        255,727   

Chiyoda Corp. (a)

    6,000        43,844   

Chiyoda Integre Co., Ltd.

    5,300        117,442   

 

MSF-89


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Chofu Seisakusho Co., Ltd. (a)

    5,700      $ 132,017   

Chori Co., Ltd.

    5,000        64,623   

Chubu Shiryo Co., Ltd.

    10,400        77,237   

Chudenko Corp. (a)

    8,600        171,434   

Chuetsu Pulp & Paper Co., Ltd. (a)

    35,000        60,923   

Chugai Mining Co., Ltd. (c)

    68,200        13,330   

Chugai Ro Co., Ltd. (a)

    36,000        62,837   

Chugoku Marine Paints, Ltd.

    22,000        144,983   

Chukyo Bank, Ltd. (The)

    64,000        110,129   

Chuo Gyorui Co., Ltd.

    2,000        4,706   

Chuo Spring Co., Ltd.

    19,000        47,526   

Ci:z Holdings Co., Ltd. (a)

    7,500        153,565   

CKD Corp.

    20,900        171,808   

Clarion Co., Ltd.

    34,000        105,483   

Cleanup Corp.

    9,700        66,425   

CMIC Holdings Co., Ltd.

    3,900        49,083   

CMK Corp. (a)

    24,300        95,831   

Coca-Cola West Co., Ltd.

    10,000        247,081   

Cocokara fine, Inc.

    6,000        260,086   

Colowide Co., Ltd. (a)

    17,000        256,570   

Computer Engineering & Consulting, Ltd.

    5,900        77,049   

Computer Institute of Japan, Ltd.

    2,000        8,173   

COMSYS Holdings Corp. (a)

    3,700        57,024   

CONEXIO Corp.

    8,100        81,793   

COOKPAD, Inc. (a)

    12,600        201,660   

Corona Corp.

    8,500        82,911   

Cosel Co., Ltd. (a)

    9,900        95,066   

Cosmo Energy Holdings Co., Ltd. (a)

    21,800        230,333   

Cosmos Initia Co., Ltd.

    3,500        13,478   

Create Medic Co., Ltd.

    1,800        13,704   

Create SD Holdings Co., Ltd.

    11,400        285,917   

Cresco, Ltd.

    2,000        32,145   

CROOZ, Inc. (a)

    1,400        31,966   

Cross Plus, Inc. (c)

    1,100        6,034   

CTI Engineering Co., Ltd.

    5,900        50,392   

Cybernet Systems Co., Ltd. (a)

    3,900        32,573   

DA Consortium, Inc.

    7,600        54,938   

Dai Nippon Toryo Co., Ltd. (a)

    53,000        91,566   

Dai-Dan Co., Ltd.

    14,000        91,966   

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

    4,000        44,073   

Daibiru Corp.

    19,800        166,627   

Daido Kogyo Co., Ltd.

    10,000        17,227   

Daido Metal Co., Ltd.

    11,200        86,535   

Daido Steel Co., Ltd.

    5,000        17,282   

Daidoh, Ltd. (a)

    13,700        58,373   

Daifuku Co., Ltd.

    27,200        457,277   

Daihatsu Diesel Manufacturing Co., Ltd.

    9,000        53,068   

Daihen Corp.

    40,000        181,860   

Daiho Corp.

    25,000        108,565   

Daiichi Jitsugyo Co., Ltd.

    20,000        87,388   

Daiichi Kigenso Kagaku-Kogyo Co., Ltd.

    1,000        31,041   

Daiichikosho Co., Ltd.

    4,700        204,572   

Daiken Corp.

    24,000        66,785   

Daiken Medical Co., Ltd. (a)

    4,400        34,973   

Daiki Aluminium Industry Co., Ltd.

    9,000        22,184   

Daikoku Denki Co., Ltd. (a)

    2,700        31,557   

Daikokutenbussan Co., Ltd.

    1,900        82,443   

Japan—(Continued)

  

Daikyo, Inc.

    115,000      182,433   

Dainichi Co., Ltd. (a)

    4,100        22,045   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

    31,000        123,897   

Daio Paper Corp. (a)

    30,000        252,859   

Daisan Bank, Ltd. (The)

    92,000        122,591   

Daiseki Co., Ltd. (a)

    13,900        227,381   

Daiseki Eco. Solution Co., Ltd.

    2,000        19,078   

Daishi Bank, Ltd. (The)

    143,000        491,500   

Daishinku Corp.

    18,000        39,232   

Daisue Construction Co., Ltd.

    2,300        16,202   

Daisyo Corp. (a)

    5,100        67,830   

Daito Bank, Ltd. (The)

    59,000        91,599   

Daito Electron Co., Ltd.

    800        5,152   

Daito Pharmaceutical Co., Ltd.

    3,960        106,031   

Daiwa Industries, Ltd.

    11,000        92,040   

Daiwabo Holdings Co., Ltd.

    84,000        156,397   

DC Co., Ltd.

    9,700        29,952   

DCM Holdings Co., Ltd. (a)

    37,900        273,381   

Denka Co., Ltd.

    24,000        98,682   

Denki Kogyo Co., Ltd.

    21,000        97,828   

Denyo Co., Ltd.

    4,800        49,277   

Descente, Ltd.

    14,700        216,201   

DKK-Toa Corp. (a)

    2,200        10,128   

DKS Co., Ltd.

    18,000        52,309   

DMG Mori Co., Ltd. (a)

    23,500        215,188   

DMW Corp.

    700        11,219   

Doshisha Co., Ltd.

    8,200        150,908   

Doutor Nichires Holdings Co., Ltd.

    11,500        185,515   

DSB Co., Ltd. (a)

    5,300        40,957   

DTS Corp.

    6,600        125,978   

Dunlop Sports Co., Ltd. (a)

    4,900        43,505   

Duskin Co., Ltd. (a)

    14,900        267,174   

Dydo Drinco, Inc.

    2,700        125,931   

Dynic Corp.

    16,000        22,033   

Eagle Industry Co., Ltd.

    7,800        102,433   

Earth Chemical Co., Ltd.

    2,700        108,919   

Ebara Jitsugyo Co., Ltd.

    3,500        37,749   

EDION Corp. (a)

    34,100        258,229   

Ehime Bank, Ltd. (The) (a)

    76,000        157,298   

Eidai Co., Ltd.

    14,000        50,446   

Eighteenth Bank, Ltd. (The)

    70,000        155,098   

Eiken Chemical Co., Ltd.

    4,600        96,266   

Eizo Corp.

    6,300        158,462   

Elecom Co., Ltd.

    5,100        89,710   

Elematec Corp.

    4,000        72,442   

EM Systems Co., Ltd.

    1,800        19,956   

en-japan, Inc.

    6,800        114,494   

Endo Lighting Corp.

    2,600        23,648   

Enplas Corp. (a)

    3,400        125,677   

Enshu, Ltd. (c)

    23,000        15,285   

EPS Holdings, Inc.

    7,900        96,551   

ESPEC Corp. (a)

    9,100        118,479   

Excel Co., Ltd. (a)

    2,500        31,150   

Exedy Corp. (a)

    12,400        273,361   

F-Tech, Inc.

    3,600        34,017   

F@N Communications, Inc. (a)

    9,600        71,863   

 

MSF-90


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Faith, Inc. (a)

    2,680      $ 31,588   

FALCO HOLDINGS Co., Ltd.

    3,100        37,480   

Fancl Corp. (a)

    11,100        151,076   

FCC Co., Ltd.

    12,600        212,807   

FDK Corp. (c)

    25,000        20,830   

Feed One Co., Ltd. (a)

    65,080        69,942   

Ferrotec Corp.

    12,700        135,484   

FIDEA Holdings Co., Ltd.

    62,510        98,262   

Fields Corp.

    6,000        100,129   

Financial Products Group Co., Ltd. (a)

    20,000        240,328   

FINDEX, Inc.

    3,900        48,838   

First Juken Co., Ltd.

    3,400        40,419   

Foster Electric Co., Ltd.

    8,800        184,999   

FP Corp. (a)

    7,200        307,943   

France Bed Holdings Co., Ltd.

    13,000        119,561   

Freund Corp.

    2,400        23,048   

FTGroup Co., Ltd.

    1,500        9,347   

Fudo Tetra Corp. (a)

    60,300        67,278   

Fuji Co., Ltd. (a)

    7,300        150,236   

Fuji Corp., Ltd. (a)

    8,600        52,172   

Fuji Kiko Co., Ltd.

    7,600        29,773   

Fuji Kosan Co., Ltd.

    4,600        16,856   

Fuji Kyuko Co., Ltd.

    13,000        178,437   

Fuji Oil Co., Ltd.

    21,100        58,313   

Fuji Oil Holdings, Inc.

    24,000        432,521   

Fuji Pharma Co., Ltd.

    2,800        47,102   

Fuji Seal International, Inc. (a)

    7,900        279,920   

Fuji Soft, Inc. (a)

    7,300        158,872   

Fujibo Holdings, Inc.

    37,000        73,455   

Fujicco Co., Ltd.

    8,500        177,281   

Fujikura Kasei Co., Ltd.

    9,500        42,859   

Fujikura Rubber, Ltd.

    5,800        22,617   

Fujikura, Ltd.

    115,000        541,185   

Fujimi, Inc.

    7,000        93,002   

Fujimori Kogyo Co., Ltd.

    4,800        112,525   

Fujisash Co., Ltd. (c)

    24,500        19,735   

Fujishoji Co., Ltd.

    1,300        11,977   

Fujita Kanko, Inc. (a)

    8,000        41,222   

Fujitec Co., Ltd. (a)

    24,700        251,382   

Fujitsu Frontech, Ltd.

    4,500        44,034   

Fujitsu General, Ltd.

    19,000        292,630   

Fujiya Co., Ltd. (c)

    5,000        8,524   

FuKoKu Co., Ltd.

    5,100        40,365   

Fukuda Corp.

    10,000        99,799   

Fukui Bank, Ltd. (The) (a)

    109,000        198,130   

Fukushima Bank, Ltd. (The) (a)

    112,000        81,578   

Fukushima Industries Corp.

    4,600        106,519   

Fukuyama Transporting Co., Ltd. (a)

    53,000        258,108   

FULLCAST Holdings Co., Ltd.

    4,300        30,105   

Fumakilla, Ltd. (a)

    5,000        29,417   

Funai Electric Co., Ltd. (a)

    7,900        69,250   

Funai Soken Holdings, Inc. (a)

    7,780        124,835   

Furukawa Battery Co., Ltd. (a)

    5,000        28,287   

Furukawa Co., Ltd. (a)

    105,000        154,363   

Furukawa Electric Co., Ltd. (a)

    275,000        593,469   

Furuno Electric Co., Ltd.

    10,500        66,304   

Furusato Industries, Ltd.

    4,600        68,743   

Japan—(Continued)

  

Furuya Metal Co., Ltd.

    1,700      23,832   

Fuso Chemical Co., Ltd. (a)

    4,000        58,856   

Fuso Pharmaceutical Industries, Ltd.

    31,000        71,597   

Futaba Corp.

    10,200        144,393   

Futaba Industrial Co., Ltd. (a)

    23,600        94,109   

Future Architect, Inc.

    9,800        76,179   

Fuyo General Lease Co., Ltd.

    8,000        340,600   

G-Tekt Corp.

    7,700        87,937   

Gakken Holdings Co., Ltd.

    28,000        62,834   

GCA Savvian Corp.

    4,900        51,325   

Gecoss Corp.

    6,400        58,136   

Genki Sushi Co., Ltd.

    1,600        31,659   

Genky Stores, Inc. (a)

    1,200        41,305   

Geo Holdings Corp.

    13,500        224,343   

GLOBERIDE, Inc. (a)

    3,500        44,926   

Glory, Ltd.

    9,500        322,712   

GMO internet, Inc. (a)

    20,400        272,268   

GMO Payment Gateway, Inc. (a)

    3,800        257,155   

Godo Steel, Ltd.

    50,000        83,731   

Goldcrest Co., Ltd.

    8,230        122,705   

Gourmet Kineya Co., Ltd.

    2,000        17,792   

Grandy House Corp.

    3,600        11,582   

Gree, Inc. (a)

    26,400        144,914   

GSI Creos Corp.

    28,000        30,095   

Gulliver International Co., Ltd. (a)

    20,400        253,449   

Gun-Ei Chemical Industry Co., Ltd.

    24,000        63,606   

Gunze, Ltd. (a)

    69,000        194,532   

Gurunavi, Inc.

    8,500        201,380   

H-One Co., Ltd.

    6,000        29,249   

Hagihara Industries, Inc.

    2,900        62,000   

Hakudo Co., Ltd.

    500        4,712   

Hakuto Co., Ltd.

    7,100        62,493   

Hakuyosha Co., Ltd.

    8,000        18,467   

Hamakyorex Co., Ltd.

    5,600        96,390   

Hanwa Co., Ltd. (a)

    84,000        353,480   

Happinet Corp.

    5,000        45,286   

Hard Off Corp. Co., Ltd.

    4,900        65,994   

Harima Chemicals Group, Inc.

    7,100        33,928   

Harmonic Drive Systems, Inc. (a)

    6,600        168,773   

Haruyama Trading Co., Ltd.

    5,400        35,307   

Hazama Ando Corp. (a)

    54,490        264,463   

Heiwa Corp.

    200        4,138   

Heiwa Real Estate Co., Ltd.

    16,900        209,600   

Heiwado Co., Ltd.

    11,200        231,828   

HI-LEX Corp.

    7,700        211,077   

Hibiya Engineering, Ltd.

    8,700        121,762   

Hiday Hidaka Corp.

    4,039        101,446   

Higashi-Nippon Bank, Ltd. (The) (b)

    68,000        163,135   

Himaraya Co., Ltd.

    2,600        22,768   

Hioki EE Corp.

    2,300        50,968   

Hiramatsu, Inc.

    8,300        54,561   

Hirano Tecseed Co., Ltd.

    500        3,375   

Hisaka Works, Ltd.

    11,000        80,198   

Hitachi Koki Co., Ltd. (a)

    21,200        139,795   

Hitachi Kokusai Electric, Inc. (a)

    18,000        216,264   

Hitachi Transport System, Ltd.

    10,800        180,157   

Hitachi Zosen Corp.

    61,600        291,403   

 

MSF-91


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Hochiki Corp. (a)

    10,000      $ 114,244   

Hodogaya Chemical Co., Ltd. (a)

    28,000        46,411   

Hogy Medical Co., Ltd. (a)

    5,100        273,217   

Hokkaido Electric Power Co., Inc. (c)

    20,900        174,782   

Hokkaido Gas Co., Ltd.

    27,000        66,907   

Hokkan Holdings, Ltd.

    25,000        68,835   

Hokko Chemical Industry Co., Ltd.

    8,000        21,670   

Hokkoku Bank, Ltd. (The)

    109,000        286,122   

Hokuetsu Bank, Ltd. (The)

    96,000        155,180   

Hokuetsu Industries Co., Ltd.

    7,000        42,874   

Hokuetsu Kishu Paper Co., Ltd. (a)

    58,300        347,099   

Hokuriku Electric Industry Co., Ltd.

    28,000        33,074   

Hokuriku Electrical Construction Co., Ltd.

    3,000        23,550   

Hokuriku Gas Co., Ltd.

    10,000        24,432   

Hokuto Corp. (a)

    7,100        140,207   

Honeys Co., Ltd.

    6,930        72,514   

Hoosiers Holdings Co., Ltd. (a)

    12,700        56,606   

Horiba, Ltd.

    12,200        454,261   

Hosiden Corp.

    20,000        119,537   

Hosokawa Micron Corp.

    11,000        55,526   

House Foods Group, Inc. (a)

    3,300        61,590   

Howa Machinery, Ltd.

    5,700        27,750   

Hurxley Corp.

    800        7,733   

Hyakugo Bank, Ltd. (The)

    94,000        351,587   

Hyakujushi Bank, Ltd. (The)

    107,000        299,808   

I-Net Corp.

    3,200        32,168   

Ibiden Co., Ltd.

    5,700        69,507   

IBJ Leasing Co., Ltd. (a)

    7,200        127,437   

Ichibanya Co., Ltd.

    500        31,980   

Ichiken Co., Ltd. (a)

    12,000        34,257   

Ichikoh Industries, Ltd.

    16,000        34,859   

ICHINEN HOLDINGS Co., Ltd.

    7,400        65,597   

Ichiyoshi Securities Co., Ltd.

    12,600        107,303   

Icom, Inc.

    3,800        69,335   

Idec Corp.

    11,300        107,206   

Ihara Chemical Industry Co., Ltd. (a)

    15,900        204,448   

Iino Kaiun Kaisha, Ltd. (a)

    32,200        127,411   

IJT Technology Holdings Co., Ltd.

    9,000        21,944   

Ikegami Tsushinki Co., Ltd. (a)

    30,000        37,989   

Imagica Robot Holdings, Inc. (a)

    4,500        16,153   

Imasen Electric Industrial

    7,200        62,490   

Imperial Hotel, Ltd.

    1,300        28,117   

Inaba Denki Sangyo Co., Ltd. (a)

    8,100        254,510   

Inaba Seisakusho Co., Ltd.

    2,100        24,406   

Inabata & Co., Ltd.

    17,700        175,122   

Inageya Co., Ltd. (a)

    12,200        153,058   

Ines Corp.

    13,900        142,478   

Infocom Corp.

    4,000        55,745   

Information Services International-Dentsu, Ltd.

    4,300        86,054   

Innotech Corp.

    10,300        40,261   

Intage Holdings, Inc.

    6,700        85,828   

Internet Initiative Japan, Inc. (a)

    9,800        201,311   

Inui Global Logistics Co., Ltd. (a)

    5,355        39,035   

Iriso Electronics Co., Ltd. (a)

    2,500        123,684   

Ise Chemicals Corp.

    8,000        35,231   

Iseki & Co., Ltd. (a)

    84,000        164,875   

Ishihara Sangyo Kaisha, Ltd. (c)

    122,000        83,195   

Japan—(Continued)

  

Ishii Iron Works Co., Ltd.

    9,000      12,210   

Ishizuka Glass Co., Ltd.

    5,000        9,034   

IT Holdings Corp.

    30,500        721,628   

Itfor, Inc.

    10,300        44,657   

Ito En, Ltd. (a)

    3,500        110,310   

Itochu Enex Co., Ltd. (a)

    19,400        155,267   

Itochu-Shokuhin Co., Ltd.

    2,400        90,058   

Itoham Foods, Inc. (a) (b)

    53,000        347,070   

Itoki Corp. (a)

    17,500        123,715   

IwaiCosmo Holdings, Inc.

    7,900        76,552   

Iwaki & Co., Ltd.

    14,000        23,379   

Iwasaki Electric Co., Ltd.

    25,000        40,317   

Iwatani Corp. (a)

    58,000        336,934   

Iwatsuka Confectionery Co., Ltd.

    500        21,787   

Izutsuya Co., Ltd. (c)

    47,000        22,901   

J-Oil Mills, Inc. (a)

    40,000        122,112   

Jafco Co., Ltd.

    3,500        107,187   

Jalux, Inc.

    2,400        46,235   

Jamco Corp. (a)

    3,400        84,722   

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

    7,099        38,539   

Japan Aviation Electronics Industry, Ltd.

    7,000        81,664   

Japan Communications, Inc. (a) (c)

    16,300        27,439   

Japan Digital Laboratory Co., Ltd.

    8,200        117,080   

Japan Display, Inc. (a)

    26,600        51,817   

Japan Drilling Co., Ltd. (a)

    2,100        43,786   

Japan Foundation Engineering Co., Ltd.

    14,100        51,726   

Japan Medical Dynamic Marketing, Inc. (a)

    3,000        16,198   

Japan Oil Transportation Co., Ltd.

    1,000        2,059   

Japan Pulp & Paper Co., Ltd. (a)

    46,000        131,582   

Japan Radio Co., Ltd.

    20,000        52,993   

Japan Steel Works, Ltd. (The) (a)

    119,000        375,174   

Japan Transcity Corp.

    29,000        96,938   

Japan Wool Textile Co., Ltd. (The)

    23,000        154,924   

Jastec Co., Ltd. (a)

    5,100        41,488   

JBCC Holdings, Inc.

    7,000        42,154   

JCU Corp. (a)

    1,600        52,449   

Jeol, Ltd.

    26,000        131,634   

Jimoto Holdings, Inc.

    67,900        89,091   

Jin Co., Ltd. (a)

    4,200        164,121   

JK Holdings Co., Ltd. (a)

    5,600        23,695   

JMS Co., Ltd.

    15,000        39,249   

Joban Kosan Co., Ltd. (a)

    17,000        22,956   

Joshin Denki Co., Ltd. (a)

    23,000        176,694   

JP-Holdings, Inc. (a)

    17,900        64,997   

JSP Corp.

    5,100        101,359   

Juki Corp. (a)

    11,200        101,344   

Juroku Bank, Ltd. (The)

    131,000        390,916   

Justsystems Corp.

    9,700        78,686   

JVC Kenwood Corp. (a)

    53,300        137,411   

K&O Energy Group, Inc.

    6,700        82,715   

K’s Holdings Corp.

    4,800        159,022   

kabu.com Securities Co., Ltd. (a)

    52,100        166,141   

Kadokawa Dwango (a) (c)

    12,508        192,348   

Kaga Electronics Co., Ltd.

    7,200        91,319   

Kakiyasu Honten Co., Ltd. (a)

    3,800        63,795   

Kameda Seika Co., Ltd.

    4,400        174,822   

Kamei Corp.

    13,900        139,548   

 

MSF-92


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Kanaden Corp.

    9,700      $ 76,294   

Kanagawa Chuo Kotsu Co., Ltd. (a)

    18,000        107,294   

Kanamoto Co., Ltd.

    8,800        207,010   

Kandenko Co., Ltd. (a)

    41,000        292,508   

Kanematsu Corp.

    149,000        216,539   

Kanematsu Electronics, Ltd.

    4,300        72,075   

Kanemi Co., Ltd.

    100        3,037   

Kansai Urban Banking Corp.

    11,000        108,349   

Kanto Denka Kogyo Co., Ltd.

    15,000        106,247   

Kasai Kogyo Co., Ltd.

    8,600        88,890   

Katakura & Co-op Agri Corp. (a)

    8,000        16,415   

Katakura Industries Co., Ltd.

    11,500        120,556   

Kato Sangyo Co., Ltd.

    7,100        175,497   

Kato Works Co., Ltd. (a)

    19,000        73,534   

Kawada Technologies, Inc. (a)

    1,500        47,765   

Kawai Musical Instruments Manufacturing Co., Ltd.

    2,600        45,617   

Kawasaki Kinkai Kisen Kaisha, Ltd.

    7,000        20,321   

Kawasaki Kisen Kaisha, Ltd. (a)

    122,000        235,688   

Kawasumi Laboratories, Inc.

    4,900        39,001   

Keihanshin Building Co., Ltd.

    14,500        76,874   

Keihin Co. Ltd/Minato-Ku Tokyo Japan

    23,000        28,737   

Keihin Corp.

    17,200        256,761   

Keiyo Bank, Ltd. (The) (a)

    113,000        408,464   

Keiyo Co., Ltd. (a)

    17,200        77,735   

Kenko Mayonnaise Co., Ltd.

    3,600        77,632   

KEY Coffee, Inc. (a)

    7,500        124,153   

KFC Holdings Japan, Ltd.

    4,000        70,039   

Kimoto Co., Ltd. (a)

    14,900        22,635   

Kimura Chemical Plants Co., Ltd.

    3,300        10,928   

King Jim Co., Ltd.

    5,800        43,227   

Kinki Sharyo Co., Ltd. (The)

    12,000        34,894   

Kintetsu Department Store Co., Ltd. (c)

    19,000        50,970   

Kintetsu World Express, Inc.

    10,800        143,079   

Kinugawa Rubber Industrial Co., Ltd.

    17,000        115,382   

Kissei Pharmaceutical Co., Ltd.

    8,100        186,254   

Kita-Nippon Bank, Ltd. (The) (a)

    4,000        101,404   

Kitagawa Iron Works Co., Ltd.

    31,000        56,986   

Kitamura Co., Ltd.

    3,700        26,843   

Kitano Construction Corp.

    22,000        53,257   

Kito Corp.

    8,200        61,126   

Kitz Corp. (a)

    39,200        169,560   

Kiyo Bank, Ltd. (The)

    33,500        378,927   

KLab, Inc. (a) (c)

    10,600        59,931   

KNT-CT Holdings Co., Ltd. (c)

    33,000        52,950   

Koa Corp.

    13,800        102,104   

Koatsu Gas Kogyo Co., Ltd.

    13,000        73,915   

Kobe Bussan Co., Ltd.

    3,600        83,026   

Kobe Electric Railway Co., Ltd. (c)

    5,000        15,858   

Kobelco Eco-Solutions Co., Ltd. (a)

    6,000        23,879   

Kohnan Shoji Co., Ltd.

    13,000        193,399   

Kohsoku Corp.

    5,400        41,770   

Koike Sanso Kogyo Co., Ltd.

    7,000        17,085   

Kojima Co., Ltd. (c)

    12,000        25,737   

Kokusai Co., Ltd. (a)

    3,400        38,459   

Kokuyo Co., Ltd.

    33,800        394,678   

KOMAIHALTEC, Inc.

    24,000        51,266   

Komatsu Seiren Co., Ltd. (a)

    16,300        93,947   

Japan—(Continued)

  

Komatsu Wall Industry Co., Ltd.

    2,700      43,116   

Komeri Co., Ltd.

    12,300        251,256   

Komori Corp.

    20,000        232,159   

Konaka Co., Ltd.

    7,300        35,665   

Kondotec, Inc.

    9,400        69,540   

Konishi Co., Ltd.

    13,200        164,579   

Konoike Transport Co., Ltd.

    3,200        37,426   

Kosaido Co., Ltd. (a) (c)

    3,700        10,885   

Koshidaka Holdings Co., Ltd.

    2,500        47,683   

Kotobuki Spirits Co., Ltd. (a)

    7,800        174,680   

Kourakuen Holdings Corp. (a)

    2,900        39,843   

Krosaki Harima Corp.

    24,000        53,398   

KRS Corp.

    2,200        51,236   

KU Holdings Co., Ltd.

    8,000        53,192   

Kumagai Gumi Co., Ltd.

    91,000        230,732   

Kura Corp.

    3,300        159,197   

Kurabo Industries, Ltd.

    93,000        160,733   

Kureha Corp. (a)

    52,000        165,035   

Kurimoto, Ltd.

    35,000        47,749   

Kuroda Electric Co., Ltd. (a)

    13,800        206,518   

Kusuri No. Aoki Co., Ltd. (a)

    4,900        267,037   

KYB Corp.

    74,000        218,186   

Kyodo Printing Co., Ltd. (a)

    51,000        152,921   

Kyoei Steel, Ltd. (a)

    6,100        91,674   

Kyokuto Boeki Kaisha, Ltd.

    9,000        18,016   

Kyokuto Kaihatsu Kogyo Co., Ltd.

    11,400        115,205   

Kyokuto Securities Co., Ltd.

    7,600        91,086   

Kyokuyo Co., Ltd. (a)

    35,000        80,151   

KYORIN Holdings, Inc.

    16,100        306,113   

Kyoritsu Maintenance Co., Ltd. (a)

    3,259        280,273   

Kyoritsu Printing Co., Ltd.

    6,800        17,315   

Kyosan Electric Manufacturing Co., Ltd.

    29,000        90,569   

Kyowa Electronic Instruments Co., Ltd.

    8,000        29,155   

Kyowa Exeo Corp.

    32,300        358,575   

Kyowa Leather Cloth Co., Ltd.

    3,300        26,109   

Kyudenko Corp. (a)

    13,000        309,024   

Kyushu Financial Group, Inc.

    124,300        715,119   

LAC Co., Ltd. (a)

    5,900        59,939   

Land Business Co., Ltd.

    7,100        17,389   

Lasertec Corp.

    6,100        85,747   

LEC, Inc.

    3,400        38,620   

Leopalace21 Corp.

    82,400        496,549   

Life Corp.

    9,800        245,284   

Link And Motivation, Inc. (a)

    8,900        11,205   

Lintec Corp.

    17,100        305,251   

Livesense, Inc. (a) (c)

    3,500        15,756   

Look, Inc.

    11,000        14,826   

Macnica Fuji Electronics Holdings, Inc.

    16,350        193,860   

Maeda Corp. (a)

    40,000        298,109   

Maeda Kosen Co., Ltd.

    5,700        57,911   

Maeda Road Construction Co., Ltd.

    21,000        345,398   

Maezawa Kasei Industries Co., Ltd.

    6,800        62,339   

Maezawa Kyuso Industries Co., Ltd.

    5,600        69,749   

Makino Milling Machine Co., Ltd.

    40,000        244,722   

Mamiya-Op Co., Ltd.

    19,000        26,912   

Mandom Corp.

    5,200        231,078   

Mani, Inc. (a)

    5,700        87,330   

 

MSF-93


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Mars Engineering Corp.

    3,600      $ 62,271   

Marubun Corp.

    8,200        55,837   

Marudai Food Co., Ltd.

    51,000        197,667   

Maruei Department Store Co., Ltd. (c)

    8,000        6,454   

Marufuji Sheet Piling Co., Ltd.

    13,000        26,983   

Maruha Nichiro Corp. (a)

    16,700        311,113   

Maruka Machinery Co., Ltd.

    2,900        41,168   

Marusan Securities Co., Ltd. (a)

    15,400        144,618   

Maruwa Co., Ltd.

    3,700        90,197   

Maruyama Manufacturing Co., Inc.

    15,000        23,671   

Maruzen CHI Holdings Co., Ltd. (c)

    15,500        49,160   

Maruzen Showa Unyu Co., Ltd.

    28,000        98,163   

Marvelous, Inc. (a)

    9,500        85,212   

Matsuda Sangyo Co., Ltd.

    7,000        72,606   

Matsui Construction Co., Ltd.

    9,000        59,822   

Matsuya Foods Co., Ltd.

    2,500        61,590   

Max Co., Ltd.

    17,000        174,576   

Maxvalu Nishinihon Co., Ltd.

    2,400        32,070   

Maxvalu Tokai Co., Ltd. (a)

    5,000        76,020   

MEC Co., Ltd. (a)

    7,300        56,214   

Medical System Network Co., Ltd.

    5,300        21,598   

Megachips Corp. (a)

    7,600        85,222   

Megmilk Snow Brand Co., Ltd.

    15,400        386,408   

Meidensha Corp.

    58,000        263,603   

Meiji Shipping Co., Ltd.

    8,500        27,159   

Meiko Electronics Co., Ltd. (a)

    7,500        22,918   

Meiko Network Japan Co., Ltd.

    7,200        78,356   

Meisei Industrial Co., Ltd.

    17,000        70,967   

Meitec Corp.

    9,500        332,012   

Meito Sangyo Co., Ltd.

    4,500        51,985   

Meiwa Corp.

    10,900        35,160   

Meiwa Estate Co., Ltd.

    5,200        29,676   

Melco Holdings, Inc.

    4,500        91,624   

Michinoku Bank, Ltd. (The) (a)

    69,000        106,660   

Micronics Japan Co., Ltd. (a)

    8,600        85,477   

Mie Bank, Ltd. (The)

    43,000        76,385   

Mikuni Corp.

    3,000        9,832   

Milbon Co., Ltd.

    4,060        163,581   

Mimasu Semiconductor Industry Co., Ltd.

    8,200        75,183   

Minato Bank, Ltd. (The)

    63,000        84,341   

Ministop Co., Ltd. (a)

    5,400        98,078   

Miraial Co., Ltd.

    2,900        21,484   

Mirait Holdings Corp.

    24,400        193,723   

Miroku Jyoho Service Co., Ltd.

    7,000        65,078   

Misawa Homes Co., Ltd. (a)

    11,400        75,242   

Mitani Corp. (a)

    9,100        258,701   

Mitani Sekisan Co., Ltd.

    4,100        56,190   

Mito Securities Co., Ltd.

    24,000        66,305   

Mitsuba Corp.

    13,200        203,836   

Mitsubishi Nichiyu Forklift Co., Ltd.

    8,000        32,681   

Mitsubishi Paper Mills, Ltd. (c)

    144,000        102,330   

Mitsubishi Pencil Co., Ltd.

    6,200        265,405   

Mitsubishi Research Institute, Inc.

    2,700        85,499   

Mitsubishi Shokuhin Co., Ltd.

    4,800        122,019   

Mitsubishi Steel Manufacturing Co., Ltd.

    65,000        104,784   

Mitsuboshi Belting, Ltd.

    22,000        176,655   

Mitsui Engineering & Shipbuilding Co., Ltd. (a)

    300,000        446,258   

Japan—(Continued)

  

Mitsui High-Tec, Inc. (a)

    11,600      71,286   

Mitsui Home Co., Ltd. (a)

    14,000        65,306   

Mitsui Matsushima Co., Ltd.

    66,000        68,586   

Mitsui Mining & Smelting Co., Ltd. (a)

    242,000        386,830   

Mitsui Sugar Co., Ltd.

    36,000        160,252   

Mitsui-Soko Holdings Co., Ltd. (a)

    47,000        125,229   

Mitsumi Electric Co., Ltd. (a) (c)

    33,000        152,877   

Mitsumura Printing Co., Ltd.

    5,000        9,727   

Mitsuuroko Group Holdings Co., Ltd.

    12,900        63,126   

Miyaji Engineering Group, Inc. (a)

    27,000        34,673   

Miyazaki Bank, Ltd. (The)

    73,000        177,308   

Miyoshi Oil & Fat Co., Ltd. (a)

    40,000        44,770   

Mizuno Corp. (a)

    37,000        170,277   

Mochida Pharmaceutical Co., Ltd.

    3,500        259,560   

Modec, Inc. (a)

    3,000        43,933   

Monex Group, Inc. (a)

    73,600        189,675   

Money Partners Group Co., Ltd. (a)

    7,100        50,403   

Monogatari Corp. (The)

    1,700        85,392   

MORESCO Corp. (a)

    2,500        29,525   

Morinaga & Co., Ltd.

    60,000        305,065   

Morinaga Milk Industry Co., Ltd. (a)

    70,000        374,894   

Morita Holdings Corp.

    12,500        145,842   

Morozoff, Ltd.

    13,000        48,733   

Mory Industries, Inc.

    14,000        37,807   

Mr Max Corp.

    10,500        26,325   

MTI, Ltd. (a)

    9,200        63,769   

Murakami Corp.

    3,000        39,364   

Musashi Seimitsu Industry Co., Ltd.

    7,900        156,339   

Musashino Bank, Ltd. (The)

    12,600        317,222   

Mutoh Holdings Co., Ltd.

    9,000        18,626   

NAC Co., Ltd.

    3,600        27,885   

Nachi-Fujikoshi Corp. (a)

    60,000        208,841   

Nafco Co., Ltd.

    1,400        20,481   

Nagaileben Co., Ltd.

    5,600        114,914   

Nagano Bank, Ltd. (The)

    43,000        71,428   

Nagano Keiki Co., Ltd. (a)

    4,200        24,008   

Nagase & Co., Ltd.

    2,600        28,497   

Nagatanien Holdings Co., Ltd.

    12,000        118,894   

Nagawa Co., Ltd. (a)

    2,800        65,953   

Nakabayashi Co., Ltd.

    24,000        63,833   

Nakamuraya Co., Ltd.

    19,000        77,549   

Nakanishi, Inc.

    4,100        130,205   

Nakano Corp.

    4,000        19,518   

Nakayama Steel Works, Ltd. (c)

    63,000        39,168   

Nakayamafuku Co., Ltd.

    2,000        13,508   

Namura Shipbuilding Co., Ltd. (a)

    18,956        141,427   

Nanto Bank, Ltd. (The)

    97,000        263,644   

Narasaki Sangyo Co., Ltd.

    4,000        8,546   

Natori Co., Ltd.

    2,600        37,583   

NDS Co., Ltd.

    27,000        74,254   

NEC Capital Solutions, Ltd. (a)

    3,800        53,318   

NEC Networks & System Integration Corp.

    9,100        141,152   

NET One Systems Co., Ltd.

    31,600        170,415   

Neturen Co., Ltd. (a)

    9,800        66,367   

New Japan Chemical Co., Ltd. (a) (c)

    9,900        12,100   

New Japan Radio Co., Ltd. (c)

    6,000        22,872   

Next Co., Ltd. (a)

    17,000        208,447   

 

MSF-94


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Nexyz Corp.

    1,300      $ 11,238   

Nice Holdings, Inc. (a)

    40,000        50,363   

Nichi-iko Pharmaceutical Co., Ltd.

    13,200        304,311   

Nichia Steel Works, Ltd.

    13,000        28,025   

Nichias Corp.

    33,000        197,254   

Nichiban Co., Ltd.

    8,000        46,741   

Nichicon Corp.

    23,900        165,982   

Nichiden Corp.

    3,100        80,118   

Nichiha Corp.

    9,600        144,898   

Nichii Gakkan Co. (a)

    17,500        120,852   

Nichimo Co., Ltd. (a)

    16,000        24,958   

Nichirei Corp.

    78,000        633,848   

Nichireki Co., Ltd.

    9,000        64,786   

Nifco, Inc. (a)

    7,100        341,133   

NIFTY Corp.

    3,400        30,353   

Nihon Chouzai Co., Ltd. (a)

    1,960        69,910   

Nihon Dempa Kogyo Co., Ltd. (a)

    7,600        51,388   

Nihon Eslead Corp.

    2,700        24,980   

Nihon House Holdings Co., Ltd. (a)

    15,000        53,957   

Nihon Kagaku Sangyo Co., Ltd.

    3,000        21,112   

Nihon Kohden Corp.

    600        14,880   

Nihon M&A Center, Inc. (a)

    8,700        504,925   

Nihon Nohyaku Co., Ltd. (a)

    14,000        70,990   

Nihon Parkerizing Co., Ltd.

    31,600        285,671   

Nihon Plast Co., Ltd.

    2,500        22,188   

Nihon Tokushu Toryo Co., Ltd.

    2,200        17,663   

Nihon Trim Co., Ltd. (a)

    1,300        60,171   

Nihon Unisys, Ltd. (a)

    16,900        223,739   

Nihon Yamamura Glass Co., Ltd.

    45,000        66,355   

Nikkato Corp.

    300        1,004   

Nikkiso Co., Ltd.

    21,500        157,527   

Nikko Co., Ltd.

    9,000        27,421   

Nikkon Holdings Co., Ltd.

    22,600        409,453   

Nippon Air Conditioning Services Co., Ltd.

    9,600        51,772   

Nippon Beet Sugar Manufacturing Co., Ltd.

    50,000        84,839   

Nippon Carbide Industries Co., Inc. (a)

    23,000        26,074   

Nippon Carbon Co., Ltd. (a)

    39,000        82,855   

Nippon Ceramic Co., Ltd. (a)

    5,200        90,251   

Nippon Chemi-Con Corp. (a)

    59,000        82,526   

Nippon Chemical Industrial Co., Ltd.

    30,000        55,247   

Nippon Chemiphar Co., Ltd.

    8,000        34,038   

Nippon Coke & Engineering Co., Ltd.

    71,000        50,964   

Nippon Concrete Industries Co., Ltd.

    14,000        32,946   

Nippon Denko Co., Ltd. (a)

    56,465        90,061   

Nippon Densetsu Kogyo Co., Ltd.

    14,100        283,239   

Nippon Felt Co., Ltd.

    8,600        34,110   

Nippon Filcon Co., Ltd.

    5,200        19,770   

Nippon Fine Chemical Co., Ltd.

    5,800        39,539   

Nippon Flour Mills Co., Ltd.

    45,000        369,714   

Nippon Gas Co., Ltd. (a)

    9,600        216,216   

Nippon Hume Corp.

    8,200        42,384   

Nippon Kanzai Co., Ltd. (a)

    4,800        75,785   

Nippon Kasei Chemical Co., Ltd.

    18,000        18,038   

Nippon Kayaku Co., Ltd. (a)

    13,000        131,160   

Nippon Kinzoku Co., Ltd. (a) (c)

    19,000        17,015   

Nippon Kodoshi Corp.

    1,600        12,077   

Nippon Koei Co., Ltd.

    31,000        97,555   

Japan—(Continued)

  

Nippon Koshuha Steel Co., Ltd. (a)

    31,000      20,879   

Nippon Light Metal Holdings Co., Ltd. (a)

    198,000        325,312   

Nippon Paper Industries Co., Ltd. (a)

    7,000        124,530   

Nippon Parking Development Co., Ltd. (a)

    65,100        72,032   

Nippon Pillar Packing Co., Ltd.

    9,600        83,477   

Nippon Piston Ring Co., Ltd.

    3,200        41,713   

Nippon Rietec Co., Ltd.

    7,000        52,589   

Nippon Road Co., Ltd. (The)

    27,000        125,157   

Nippon Seiki Co., Ltd.

    15,000        289,911   

Nippon Seisen Co., Ltd. (a)

    10,000        39,353   

Nippon Sharyo, Ltd. (a) (c)

    26,000        63,969   

Nippon Sheet Glass Co., Ltd. (a) (c)

    330,000        234,440   

Nippon Signal Co., Ltd.

    20,700        170,918   

Nippon Soda Co., Ltd. (a)

    50,000        251,761   

Nippon Steel & Sumikin Bussan Corp. (a)

    51,960        172,661   

Nippon Suisan Kaisha, Ltd.

    82,900        402,260   

Nippon Synthetic Chemical Industry Co., Ltd. (The)

    18,000        113,732   

Nippon Systemware Co., Ltd.

    1,300        10,733   

Nippon Thompson Co., Ltd.

    27,000        96,122   

Nippon Valqua Industries, Ltd.

    30,000        78,496   

Nippon Yakin Kogyo Co., Ltd. (c)

    54,000        62,603   

Nipro Corp.

    38,800        368,349   

Nishi-Nippon Railroad Co., Ltd. (a)

    47,000        306,119   

Nishikawa Rubber Co., Ltd.

    1,200        20,052   

Nishimatsu Construction Co., Ltd. (a)

    104,000        446,151   

Nishimatsuya Chain Co., Ltd.

    16,100        161,302   

Nishio Rent All Co., Ltd.

    4,400        103,907   

Nissan Shatai Co., Ltd.

    1,300        13,079   

Nissan Tokyo Sales Holdings Co., Ltd.

    11,000        27,158   

Nissei ASB Machine Co., Ltd. (a)

    2,100        41,334   

Nissei Build Kogyo Co., Ltd. (a)

    18,000        61,470   

Nissei Corp.

    3,700        30,774   

Nissei Plastic Industrial Co., Ltd. (a)

    7,100        42,757   

Nissha Printing Co., Ltd. (a)

    8,700        127,320   

Nisshin Fudosan Co.

    15,200        50,624   

Nisshin Oillio Group, Ltd. (The)

    51,000        207,658   

Nisshin Steel Co., Ltd. (a)

    35,596        415,066   

Nisshinbo Holdings, Inc. (a)

    47,000        497,787   

Nissin Corp.

    30,000        81,892   

Nissin Electric Co., Ltd.

    18,000        195,942   

Nissin Kogyo Co., Ltd. (a)

    16,400        220,806   

Nissui Pharmaceutical Co., Ltd. (a)

    6,000        68,990   

Nitta Corp.

    6,800        170,795   

Nitta Gelatin, Inc.

    4,500        29,378   

Nittan Valve Co., Ltd.

    6,300        16,588   

Nittetsu Mining Co., Ltd.

    25,000        93,046   

Nitto Boseki Co., Ltd.

    49,000        157,672   

Nitto FC Co., Ltd.

    4,500        35,363   

Nitto Fuji Flour Milling Co., Ltd. (a)

    4,000        12,829   

Nitto Kogyo Corp.

    9,000        143,035   

Nitto Kohki Co., Ltd.

    4,700        92,872   

Nitto Seiko Co., Ltd.

    15,000        37,230   

Nittoc Construction Co., Ltd.

    13,550        48,643   

Nittoku Engineering Co., Ltd.

    5,200        45,441   

NJS Co., Ltd.

    3,300        35,476   

Noevir Holdings Co., Ltd.

    4,800        137,723   

NOF Corp.

    52,000        368,523   

 

MSF-95


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Nohmi Bosai, Ltd.

    7,000      $ 105,739   

Nojima Corp. (a)

    4,200        45,678   

Nomura Co., Ltd.

    12,000        174,005   

Noritake Co., Ltd.

    56,000        126,121   

Noritsu Koki Co., Ltd.

    4,000        24,627   

Noritz Corp. (a)

    12,400        201,994   

North Pacific Bank, Ltd.

    122,400        309,815   

NS Solutions Corp.

    10,200        200,099   

NS United Kaiun Kaisha, Ltd. (a)

    41,000        55,203   

NSD Co., Ltd.

    10,670        157,462   

NTN Corp.

    14,000        44,625   

Nuflare Technology, Inc. (a)

    800        35,358   

Obara Group, Inc. (a)

    4,400        157,686   

Obayashi Road Corp.

    10,000        66,089   

Odelic Co., Ltd.

    1,000        31,092   

Oenon Holdings, Inc.

    21,000        38,586   

Ogaki Kyoritsu Bank, Ltd. (The)

    140,000        422,743   

Ohara, Inc.

    4,700        21,912   

Ohashi Technica, Inc.

    4,600        48,452   

Ohsho Food Service Corp. (a)

    3,600        110,377   

Oiles Corp.

    9,100        135,739   

Oita Bank, Ltd. (The) (a)

    75,000        233,550   

Oizumi Corp.

    2,900        12,490   

Okabe Co., Ltd.

    16,000        114,094   

Okamoto Industries, Inc. (a)

    22,000        185,597   

Okamoto Machine Tool Works, Ltd. (a)

    14,000        15,996   

Okamura Corp.

    26,300        250,721   

Okaya Electric Industries Co., Ltd.

    8,900        29,389   

Oki Electric Industry Co., Ltd. (a)

    227,000        319,774   

Okinawa Cellular Telephone Co.

    4,900        136,768   

Okinawa Electric Power Co., Inc. (The)

    8,550        230,122   

OKK Corp.

    41,000        39,595   

OKUMA Corp. (a)

    50,000        349,386   

Okumura Corp.

    63,000        332,264   

Okura Industrial Co., Ltd.

    26,000        67,313   

Okuwa Co., Ltd.

    10,000        89,269   

Olympic Group Corp.

    4,900        22,338   

ONO Sokki Co., Ltd. (a)

    4,200        27,346   

Onoken Co., Ltd.

    7,400        64,709   

Onward Holdings Co., Ltd.

    49,000        334,703   

Open House Co., Ltd.

    4,200        83,195   

OPT Holding, Inc.

    4,700        26,074   

Optex Co., Ltd. (a)

    4,700        149,640   

Organo Corp.

    18,000        66,423   

Origin Electric Co., Ltd.

    17,000        42,065   

Osaka Organic Chemical Industry, Ltd.

    5,900        31,724   

Osaka Soda Co., Ltd.

    30,000        109,371   

Osaka Steel Co., Ltd. (a)

    5,900        96,295   

OSAKA Titanium Technologies Co., Ltd. (a)

    5,600        75,904   

Osaki Electric Co., Ltd. (a)

    11,000        78,637   

OSG Corp. (a)

    22,700        423,572   

Otsuka Kagu, Ltd. (a)

    5,500        72,817   

OUG Holdings, Inc.

    7,000        14,365   

Outsourcing, Inc.

    3,100        106,593   

Oyo Corp.

    7,400        79,952   

Pacific Industrial Co., Ltd. (a)

    17,600        177,081   

Pacific Metals Co., Ltd. (a) (c)

    72,000        210,056   

Japan—(Continued)

  

Pack Corp. (The)

    5,600      134,279   

Pal Co., Ltd.

    3,800        94,966   

Paltac Corp.

    12,650        223,916   

PanaHome Corp. (a)

    32,000        239,724   

Panasonic Industrial Devices SUNX Co., Ltd.

    6,800        36,179   

Paramount Bed Holdings Co., Ltd. (a)

    6,000        219,288   

Parco Co., Ltd.

    8,100        68,443   

Paris Miki Holdings, Inc. (a)

    17,000        69,705   

Pasco Corp.

    6,000        23,393   

Pasona Group, Inc.

    7,700        56,478   

Penta-Ocean Construction Co., Ltd.

    90,500        377,592   

PIA Corp.

    300        5,443   

Pilot Corp.

    10,800        411,428   

Piolax, Inc.

    3,500        173,280   

Pioneer Corp. (c)

    117,700        311,441   

Plenus Co., Ltd. (a)

    7,800        140,449   

Press Kogyo Co., Ltd.

    37,000        124,543   

Pressance Corp. (a)

    2,600        99,348   

Prestige International, Inc. (a)

    6,700        75,414   

Prima Meat Packers, Ltd.

    48,000        121,328   

Pronexus, Inc.

    9,000        95,758   

Proto Corp.

    5,300        65,132   

PS Mitsubishi Construction Co., Ltd.

    8,800        31,371   

Qol Co., Ltd.

    3,400        51,058   

Raito Kogyo Co., Ltd.

    16,900        155,726   

Rasa Industries, Ltd. (c)

    26,000        25,337   

Relo Holdings, Inc.

    3,400        454,886   

Renaissance, Inc.

    5,100        56,355   

Rengo Co., Ltd.

    81,000        408,245   

Renown, Inc. (c)

    29,200        29,515   

Resort Solution Co., Ltd.

    4,000        10,995   

Retail Partners Co., Ltd.

    1,300        12,584   

Rheon Automatic Machinery Co., Ltd. (a)

    5,000        30,406   

Rhythm Watch Co., Ltd. (a)

    30,000        40,152   

Riberesute Corp. (a)

    4,300        30,828   

Ricoh Leasing Co., Ltd. (a)

    6,400        189,776   

Right On Co., Ltd. (a)

    5,900        97,357   

Riken Corp.

    35,000        114,389   

Riken Keiki Co., Ltd.

    6,000        54,450   

Riken Technos Corp.

    15,000        51,601   

Riken Vitamin Co., Ltd.

    2,700        96,179   

Ringer Hut Co., Ltd. (a)

    4,200        91,455   

Rion Co., Ltd.

    2,200        33,009   

Riso Kagaku Corp.

    9,458        145,441   

Riso Kyoiku Co., Ltd. (a)

    11,590        35,413   

Rock Field Co., Ltd. (a)

    3,900        118,644   

Rohto Pharmaceutical Co., Ltd.

    24,700        449,706   

Rokko Butter Co., Ltd.

    4,400        68,476   

Roland DG Corp.

    3,000        58,565   

Round One Corp. (a)

    28,300        159,557   

Royal Holdings Co., Ltd. (a)

    9,000        181,376   

Ryobi, Ltd.

    47,000        184,803   

Ryoden Trading Co., Ltd.

    16,000        93,799   

Ryosan Co., Ltd.

    14,000        349,654   

Ryoyo Electro Corp. (a)

    8,600        101,995   

S Foods, Inc. (a)

    4,100        88,644   

S&B Foods, Inc.

    600        24,788   

 

MSF-96


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Sac’s Bar Holdings, Inc. (a)

    6,850      $ 94,849   

Saibu Gas Co., Ltd. (a)

    136,000        314,117   

Saizeriya Co., Ltd.

    10,300        211,591   

Sakai Chemical Industry Co., Ltd.

    42,000        115,009   

Sakai Heavy Industries, Ltd.

    14,000        22,757   

Sakai Moving Service Co., Ltd. (a)

    2,600        78,504   

Sakai Ovex Co., Ltd.

    16,000        24,817   

Sakata INX Corp.

    11,800        128,103   

Sakata Seed Corp.

    11,200        284,385   

Sala Corp.

    12,900        71,284   

SAMTY Co., Ltd.

    2,600        26,442   

San Holdings, Inc.

    2,500        30,803   

San-A Co., Ltd.

    5,800        273,678   

San-Ai Oil Co., Ltd.

    25,000        181,019   

San-In Godo Bank, Ltd. (The)

    59,000        364,670   

Sanden Holdings Corp. (a)

    42,000        120,098   

Sanei Architecture Planning Co., Ltd. (a)

    4,300        45,973   

Sangetsu Co., Ltd.

    21,200        383,645   

Sanken Electric Co., Ltd. (a)

    37,000        110,671   

Sanki Engineering Co., Ltd.

    23,700        189,149   

Sanko Marketing Foods Co., Ltd. (a)

    3,100        25,984   

Sanko Metal Industrial Co., Ltd.

    10,000        27,750   

Sankyo Frontier Co., Ltd.

    2,000        14,284   

Sankyo Seiko Co., Ltd.

    16,300        55,201   

Sankyo Tateyama, Inc.

    11,200        144,896   

Sankyu, Inc. (a)

    96,000        438,220   

Sanoh Industrial Co., Ltd.

    10,100        55,066   

Sanshin Electronics Co., Ltd.

    12,800        101,055   

Sanwa Holdings Corp.

    62,200        462,301   

Sanyo Chemical Industries, Ltd.

    21,000        147,491   

Sanyo Denki Co., Ltd.

    16,000        74,591   

Sanyo Electric Railway Co., Ltd. (a)

    20,000        88,656   

Sanyo Housing Nagoya Co., Ltd. (a)

    3,000        26,342   

Sanyo Industries, Ltd.

    13,000        17,463   

Sanyo Shokai, Ltd. (a)

    51,000        115,842   

Sanyo Special Steel Co., Ltd.

    47,000        214,118   

Sapporo Holdings, Ltd.

    105,000        521,948   

Sata Construction Co., Ltd.

    2,600        9,904   

Sato Holdings Corp.

    6,900        146,583   

Sato Restaurant Systems Co., Ltd. (a)

    4,800        33,562   

Sato Shoji Corp.

    6,500        37,181   

Satori Electric Co., Ltd. (a)

    7,100        45,966   

Sawada Holdings Co., Ltd.

    10,300        91,523   

Saxa Holdings, Inc.

    24,000        45,484   

SBS Holdings, Inc. (a)

    6,900        46,417   

SCREEN Holdings Co., Ltd. (a)

    57,000        450,479   

Scroll Corp. (a)

    13,100        51,071   

SEC Carbon, Ltd.

    7,000        17,469   

Secom Joshinetsu Co., Ltd.

    900        26,867   

Seibu Electric Industry Co., Ltd.

    12,000        43,580   

Seika Corp.

    28,000        56,318   

Seikitokyu Kogyo Co., Ltd.

    12,500        52,170   

Seiko Holdings Corp.

    44,000        173,937   

Seino Holdings Co., Ltd.

    1,300        14,004   

Seiren Co., Ltd.

    19,100        214,155   

Sekisui Jushi Corp.

    12,900        172,496   

Sekisui Plastics Co., Ltd.

    24,000        72,550   

Japan—(Continued)

  

Senko Co., Ltd.

    31,000      188,603   

Senshu Electric Co., Ltd.

    2,400        34,540   

Senshu Ikeda Holdings, Inc. (a)

    84,000        301,694   

Senshukai Co., Ltd. (a)

    13,800        88,120   

Septeni Holdings Co., Ltd. (a)

    5,500        135,216   

Seria Co., Ltd. (a)

    4,600        277,448   

Shibaura Electronics Co., Ltd.

    2,800        40,824   

Shibaura Mechatronics Corp. (a)

    18,000        36,198   

Shibusawa Warehouse Co., Ltd. (The)

    25,000        64,069   

Shibuya Corp.

    6,500        76,037   

Shidax Corp. (a)

    9,600        43,036   

Shiga Bank, Ltd. (The) (a)

    89,000        374,152   

Shikibo, Ltd.

    56,000        55,130   

Shikoku Bank, Ltd. (The) (a)

    95,000        183,114   

Shikoku Chemicals Corp.

    16,000        138,466   

Shima Seiki Manufacturing, Ltd. (a)

    11,900        197,798   

Shimachu Co., Ltd.

    20,500        489,249   

Shimane Bank, Ltd. (The) (a)

    2,500        26,074   

Shimizu Bank, Ltd. (The)

    4,900        102,483   

Shimojima Co., Ltd.

    6,300        62,407   

Shin Nippon Air Technologies Co., Ltd.

    7,300        64,448   

Shin-Etsu Polymer Co., Ltd.

    22,600        120,781   

Shin-Keisei Electric Railway Co., Ltd.

    23,000        88,803   

Shinagawa Refractories Co., Ltd.

    20,000        35,648   

Shindengen Electric Manufacturing Co., Ltd. (a)

    28,000        94,415   

Shinkawa, Ltd. (c)

    5,300        21,476   

Shinko Electric Industries Co., Ltd. (a)

    27,600        154,667   

Shinko Plantech Co., Ltd.

    16,100        122,294   

Shinko Shoji Co., Ltd. (a)

    7,700        74,073   

Shinko Wire Co., Ltd.

    12,000        15,549   

Shinmaywa Industries, Ltd.

    34,000        240,398   

Shinnihon Corp.

    11,800        55,643   

Shinsho Corp.

    14,000        25,320   

Shinwa Co., Ltd.

    3,900        52,743   

Ship Healthcare Holdings, Inc.

    14,200        356,994   

Shiroki Corp.

    31,000        89,277   

Shizuki Electric Co., Inc.

    8,000        38,496   

Shizuoka Gas Co., Ltd. (a)

    21,300        142,609   

Shobunsha Publications, Inc.

    6,700        36,478   

Shochiku Co., Ltd. (a)

    3,000        28,237   

Shoei Foods Corp.

    4,300        56,139   

Shofu, Inc.

    3,900        47,769   

Shoko Co., Ltd. (c)

    19,000        12,994   

Showa Aircraft Industry Co., Ltd.

    4,000        38,655   

Showa Corp.

    17,600        153,130   

Showa Sangyo Co., Ltd.

    33,000        136,602   

Siix Corp.

    5,200        159,090   

Sinanen Holdings Co., Ltd.

    18,000        70,259   

Sinfonia Technology Co., Ltd.

    42,000        56,959   

Sinko Industries, Ltd.

    6,400        92,949   

Sintokogio, Ltd.

    21,100        186,457   

SKY Perfect JSAT Holdings, Inc.

    29,800        173,035   

SMK Corp.

    23,000        117,731   

SMS Co., Ltd. (a)

    7,300        139,453   

SNT Corp. (a)

    7,800        46,483   

Soda Nikka Co., Ltd.

    7,000        28,694   

Sodick Co., Ltd.

    16,800        125,153   

 

MSF-97


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Soft99 Corp. (a)

    5,100      $ 34,272   

Softbank Technology Corp.

    1,600        21,252   

Software Service, Inc.

    1,200        45,593   

Sogo Medical Co., Ltd.

    2,400        81,263   

Sotoh Co., Ltd.

    4,300        37,629   

Space Co., Ltd.

    5,800        69,951   

Sparx Group Co., Ltd. (a)

    35,900        72,355   

SPK Corp.

    2,500        44,716   

SRA Holdings

    3,100        71,174   

Srg Takamiya Co., Ltd.

    5,200        20,361   

ST Corp.

    6,900        68,189   

St. Marc Holdings Co., Ltd. (a)

    5,100        140,432   

Star Micronics Co., Ltd. (a)

    12,600        141,211   

Starts Corp., Inc.

    5,800        128,747   

Starzen Co., Ltd.

    2,800        78,111   

Stella Chemifa Corp.

    5,600        119,237   

Step Co., Ltd.

    4,100        36,127   

Studio Alice Co., Ltd.

    2,900        63,326   

Subaru Enterprise Co., Ltd.

    1,000        3,452   

Sugimoto & Co., Ltd.

    3,800        41,687   

Sumco Corp.

    2,200        13,828   

Sumida Corp.

    6,300        41,096   

Suminoe Textile Co., Ltd.

    23,000        66,782   

Sumitomo Bakelite Co., Ltd.

    84,000        328,472   

Sumitomo Densetsu Co., Ltd.

    7,700        99,635   

Sumitomo Mitsui Construction Co., Ltd.

    260,300        232,954   

Sumitomo Osaka Cement Co., Ltd.

    150,000        588,889   

Sumitomo Precision Products Co., Ltd.

    12,000        36,165   

Sumitomo Real Estate Sales Co., Ltd.

    5,960        114,443   

Sumitomo Riko Co., Ltd. (a)

    16,700        145,155   

Sumitomo Seika Chemicals Co., Ltd.

    18,000        88,654   

Sumitomo Warehouse Co., Ltd. (The)

    53,000        269,045   

Sun Frontier Fudousan Co., Ltd. (a)

    7,600        76,453   

Sun-Wa Technos Corp.

    3,900        24,631   

Suncall Corp.

    11,000        49,230   

SWCC Showa Holdings Co., Ltd. (a) (c)

    116,000        64,745   

Systena Corp.

    6,700        113,735   

T Hasegawa Co., Ltd. (a)

    9,100        137,522   

T RAD Co., Ltd.

    36,000        57,751   

T&K Toka Co., Ltd. (a)

    10,000        84,389   

T-Gaia Corp.

    8,400        97,191   

Tabuchi Electric Co., Ltd.

    8,900        41,642   

Tachi-S Co., Ltd. (a)

    10,300        149,694   

Tachibana Eletech Co., Ltd. (a)

    5,640        58,877   

Tadano, Ltd.

    38,000        351,575   

Taihei Dengyo Kaisha, Ltd.

    12,000        99,804   

Taiheiyo Kouhatsu, Inc.

    21,000        14,336   

Taiho Kogyo Co., Ltd.

    7,800        80,562   

Taikisha, Ltd.

    9,800        235,246   

Taiko Bank, Ltd. (The)

    41,000        76,353   

Taiko Pharmaceutical Co., Ltd. (a)

    2,300        29,476   

Taisei Lamick Co., Ltd. (a)

    2,200        57,315   

Taiyo Holdings Co., Ltd.

    5,300        179,323   

Taiyo Yuden Co., Ltd. (a)

    26,600        258,558   

Takachiho Koheki Co., Ltd.

    400        3,227   

Takagi Securities Co., Ltd.

    18,000        22,294   

Takamatsu Construction Group Co., Ltd.

    5,400        116,112   

Japan—(Continued)

  

Takano Co., Ltd.

    6,000      32,666   

Takaoka Toko Co., Ltd.

    5,365        74,354   

Takara Holdings, Inc.

    34,300        282,403   

Takara Leben Co., Ltd.

    28,600        168,592   

Takara Printing Co., Ltd.

    3,100        36,490   

Takara Standard Co., Ltd.

    39,000        354,384   

Takasago International Corp.

    6,400        142,555   

Takasago Thermal Engineering Co., Ltd. (a)

    20,900        262,135   

Takashima & Co., Ltd.

    25,000        39,503   

Takata Corp. (a)

    14,300        55,474   

Take And Give Needs Co., Ltd.

    4,010        16,324   

Takeei Corp. (a)

    8,200        69,901   

Takeuchi Manufacturing Co., Ltd.

    10,000        143,676   

Takihyo Co., Ltd.

    13,000        53,068   

Takiron Co., Ltd. (a)

    21,000        103,994   

Takisawa Machine Tool Co., Ltd.

    22,000        24,562   

Takuma Co., Ltd.

    25,000        223,126   

Tama Home Co., Ltd. (a)

    8,500        33,464   

Tamron Co., Ltd.

    6,000        98,327   

Tamura Corp.

    26,000        68,864   

Tanseisha Co., Ltd.

    11,750        88,825   

TASAKI & Co., Ltd. (a)

    800        12,549   

Tatsuta Electric Wire and Cable Co., Ltd.

    17,000        53,672   

Tayca Corp.

    12,000        56,384   

TBK Co., Ltd. (a)

    8,000        28,433   

Teac Corp. (c)

    40,000        14,887   

TECHNO ASSOCIE Co., Ltd.

    300        2,538   

Techno Medica Co., Ltd.

    2,400        45,637   

Techno Ryowa, Ltd.

    4,800        28,673   

Teikoku Electric Manufacturing Co., Ltd.

    6,800        46,419   

Teikoku Sen-I Co., Ltd. (a)

    6,900        94,191   

Teikoku Tsushin Kogyo Co., Ltd.

    24,000        35,098   

Tenma Corp.

    6,200        101,475   

Teraoka Seisakusho Co., Ltd.

    200        609   

Tigers Polymer Corp.

    2,200        11,764   

TKC Corp.

    7,600        205,880   

Toa Corp. (a)

    9,600        91,072   

Toa Corp. (a)

    82,000        193,685   

Toa Oil Co., Ltd.

    32,000        35,193   

TOA ROAD Corp.

    18,000        59,804   

Toabo Corp.

    3,400        15,434   

Toagosei Co., Ltd.

    37,000        307,877   

Tobishima Corp. (a)

    55,600        91,826   

Tobu Store Co., Ltd.

    11,000        28,420   

TOC Co., Ltd.

    18,000        151,701   

Tocalo Co., Ltd.

    4,800        86,089   

Tochigi Bank, Ltd. (The)

    45,000        170,665   

Toda Corp.

    81,000        390,284   

Toda Kogyo Corp. (a)

    11,000        30,990   

Toei Animation Co., Ltd. (a)

    1,800        80,403   

Toei Co., Ltd.

    28,000        249,157   

Toenec Corp.

    16,000        98,618   

Toho Bank, Ltd. (The)

    83,000        265,602   

Toho Co., Ltd.

    4,000        87,144   

Toho Holdings Co., Ltd. (a)

    20,600        440,578   

Toho Zinc Co., Ltd. (a)

    50,000        126,538   

Tohoku Bank, Ltd. (The)

    56,000        68,568   

 

MSF-98


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Tohokushinsha Film Corp.

    4,800      $ 26,650   

Tohto Suisan Co., Ltd.

    14,000        21,738   

Tokai Carbon Co., Ltd.

    68,000        161,229   

Tokai Corp.

    3,900        113,848   

TOKAI Holdings Corp.

    23,700        123,372   

Tokai Lease Co., Ltd.

    16,000        29,253   

Tokai Rika Co., Ltd.

    8,800        165,510   

Tokai Tokyo Financial Holdings, Inc. (a)

    10,500        57,361   

Token Corp.

    2,960        241,354   

Toko, Inc.

    11,000        35,460   

Tokushu Tokai Paper Co., Ltd. (a)

    39,000        126,093   

Tokuyama Corp. (a) (c)

    106,000        163,402   

Tokyo Dome Corp.

    62,000        280,846   

Tokyo Electron Device, Ltd. (a)

    2,400        32,173   

Tokyo Energy & Systems, Inc.

    10,000        80,824   

Tokyo Individualized Educational Institute, Inc.

    5,000        30,067   

Tokyo Keiki, Inc.

    21,000        30,329   

Tokyo Ohka Kogyo Co., Ltd.

    13,100        327,586   

Tokyo Rakutenchi Co., Ltd.

    17,000        71,895   

Tokyo Rope Manufacturing Co., Ltd. (a)

    46,000        66,403   

Tokyo Sangyo Co., Ltd.

    12,000        44,127   

Tokyo Seimitsu Co., Ltd.

    13,800        270,467   

Tokyo Steel Manufacturing Co., Ltd. (a)

    36,800        218,611   

Tokyo Tekko Co., Ltd.

    17,000        57,126   

Tokyo Theatres Co., Inc.

    42,000        45,096   

Tokyo TY Financial Group, Inc.

    9,724        225,279   

Tokyotokeiba Co., Ltd. (a)

    31,000        62,102   

Tokyu Recreation Co., Ltd.

    6,000        42,539   

Toli Corp.

    20,000        50,892   

Tomato Bank, Ltd.

    55,000        71,329   

Tomen Devices Corp. (a)

    1,500        23,441   

Tomoe Corp.

    12,500        39,578   

Tomoe Engineering Co., Ltd.

    2,100        27,740   

Tomoegawa Co., Ltd.

    12,000        20,762   

Tomoku Co., Ltd.

    31,000        76,155   

TOMONY Holdings, Inc.

    69,000        204,020   

Tomy Co., Ltd. (a)

    24,400        177,832   

Tonami Holdings Co., Ltd.

    22,000        57,339   

Toppan Forms Co., Ltd.

    19,800        219,964   

Topre Corp.

    14,800        275,607   

Topy Industries, Ltd.

    91,000        178,957   

Toridoll.corp

    6,900        139,230   

Torigoe Co., Ltd. (The) (a)

    9,200        53,937   

Torii Pharmaceutical Co., Ltd.

    3,600        82,632   

Torishima Pump Manufacturing Co., Ltd. (a)

    9,700        86,328   

Tosei Corp. (a)

    13,200        95,270   

Toshiba Machine Co., Ltd.

    42,000        128,735   

Toshiba Plant Systems & Services Corp. (a)

    14,100        172,529   

Toshiba TEC Corp. (a) (c)

    13,000        50,951   

Tosho Co., Ltd.

    2,400        95,161   

Tosho Printing Co., Ltd.

    14,000        68,040   

Totetsu Kogyo Co., Ltd. (a)

    8,400        257,799   

Tottori Bank, Ltd. (The)

    37,000        55,543   

Toukei Computer Co., Ltd.

    1,400        24,664   

Tow Co., Ltd.

    3,600        22,361   

Towa Bank, Ltd. (The)

    115,000        88,865   

Towa Corp.

    8,000        50,797   

Japan—(Continued)

  

Towa Pharmaceutical Co., Ltd. (a)

    2,800      114,435   

Toyo Construction Co., Ltd.

    25,499        110,975   

Toyo Corp. (a)

    9,600        98,314   

Toyo Denki Seizo KK

    16,000        56,019   

Toyo Engineering Corp. (a)

    38,000        98,627   

Toyo Ink SC Holdings Co., Ltd.

    76,000        303,879   

Toyo Kanetsu KK

    48,000        104,869   

Toyo Kohan Co., Ltd.

    16,000        47,892   

Toyo Machinery & Metal Co., Ltd.

    7,800        23,416   

Toyo Securities Co., Ltd.

    23,000        57,241   

Toyo Sugar Refining Co., Ltd.

    9,000        8,155   

Toyo Tanso Co., Ltd.

    5,300        65,709   

Toyo Wharf & Warehouse Co., Ltd.

    25,000        33,012   

Toyobo Co., Ltd. (a)

    332,000        498,304   

TPR Co., Ltd.

    7,300        191,489   

Trancom Co., Ltd.

    2,300        134,628   

Transcosmos, Inc. (a)

    7,700        199,590   

Trusco Nakayama Corp.

    7,200        285,340   

Trust Tech, Inc.

    3,000        39,890   

TS Tech Co., Ltd.

    2,600        60,813   

TSI Holdings Co., Ltd.

    28,205        187,592   

Tsubakimoto Chain Co.

    47,000        290,192   

Tsubakimoto Kogyo Co., Ltd.

    8,000        21,210   

Tsudakoma Corp. (c)

    16,000        15,163   

Tsugami Corp. (a)

    25,000        90,591   

Tsukada Global Holdings, Inc. (a)

    7,200        46,433   

Tsukamoto Corp. Co., Ltd.

    21,000        20,480   

Tsukishima Kikai Co., Ltd. (a)

    8,600        73,706   

Tsukuba Bank, Ltd.

    34,500        92,018   

Tsukui Corp.

    9,400        122,892   

Tsumura & Co. (a)

    6,600        158,394   

Tsurumi Manufacturing Co., Ltd.

    6,100        86,984   

Tsutsumi Jewelry Co., Ltd.

    3,800        80,431   

TTK Co., Ltd. (a)

    4,000        16,585   

TV Tokyo Holdings Corp.

    3,700        67,371   

TYK Corp.

    6,000        9,327   

Tyo, Inc.

    9,600        15,152   

U-Shin, Ltd. (a)

    10,600        67,963   

UACJ Corp. (a)

    110,850        223,899   

Ube Industries, Ltd.

    229,000        403,719   

Uchida Yoko Co., Ltd.

    21,000        82,448   

Ueki Corp.

    11,000        22,520   

UKC Holdings Corp. (a)

    5,000        98,930   

Ulvac, Inc.

    15,000        489,622   

Uniden Holdings Corp. (a)

    25,000        28,120   

Union Tool Co. (a)

    3,400        89,326   

Unipres Corp.

    13,900        242,055   

United Arrows, Ltd.

    6,000        248,044   

United Super Markets Holdings, Inc. (a)

    22,300        211,690   

Unitika, Ltd. (c)

    156,000        74,792   

Universal Entertainment Corp. (a)

    8,600        142,473   

Unizo Holdings Co., Ltd. (a)

    3,800        163,085   

UNY Group Holdings Co., Ltd. (a)

    81,900        576,895   

Usen Corp. (c)

    41,400        119,874   

Ushio, Inc.

    39,000        516,960   

UT Group Co., Ltd. (c)

    9,800        45,693   

Utoc Corp.

    5,100        15,084   

 

MSF-99


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Valor Holdings Co., Ltd.

    12,300      $ 309,577   

Village Vanguard Co., Ltd. (a)

    2,300        32,185   

Vital KSK Holdings, Inc.

    14,200        111,999   

Vitec Holdings Co., Ltd.

    3,700        30,457   

VT Holdings Co., Ltd.

    24,300        145,574   

Wacoal Holdings Corp. (a)

    29,000        345,343   

Wacom Co., Ltd. (a)

    46,700        197,467   

Wakachiku Construction Co., Ltd.

    46,000        51,745   

Wakamoto Pharmaceutical Co., Ltd.

    9,000        20,684   

Wakita & Co., Ltd.

    15,300        127,721   

Warabeya Nichiyo Co., Ltd.

    5,000        109,920   

WATAMI Co., Ltd. (a)

    7,600        67,518   

Weathernews, Inc.

    2,200        73,713   

Wellnet Corp. (a)

    2,300        81,774   

West Holdings Corp. (a)

    7,200        44,376   

Wood One Co., Ltd.

    19,000        42,005   

Wowow, Inc.

    2,200        46,531   

Xebio Holdings Co., Ltd. (a)

    8,700        138,777   

Y. A. C. Co., Ltd.

    4,900        37,598   

Yachiyo Industry Co., Ltd.

    3,900        31,729   

Yahagi Construction Co., Ltd. (a)

    10,900        76,301   

Yaizu Suisankagaku Industry Co., Ltd. (a)

    4,400        39,733   

YAMABIKO Corp.

    12,800        88,738   

Yamagata Bank, Ltd. (The) (a)

    52,000        196,959   

Yamaichi Electronics Co., Ltd. (a)

    8,200        42,665   

Yamanashi Chuo Bank, Ltd. (The)

    71,000        259,806   

Yamatane Corp.

    34,000        46,707   

Yamato Corp.

    9,000        36,687   

Yamato International, Inc.

    6,700        22,976   

Yamato Kogyo Co., Ltd.

    1,800        39,056   

Yamaya Corp.

    1,150        20,167   

Yamazawa Co., Ltd.

    1,000        14,970   

Yamazen Corp.

    19,500        148,054   

Yaoko Co., Ltd.

    5,200        229,360   

Yashima Denki Co., Ltd. (a)

    7,500        36,656   

Yasuda Logistics Corp.

    7,400        48,100   

Yellow Hat, Ltd.

    5,800        116,402   

Yodogawa Steel Works, Ltd.

    7,600        161,255   

Yokogawa Bridge Holdings Corp. (a)

    12,800        137,558   

Yokohama Reito Co., Ltd. (a)

    18,600        175,962   

Yokowo Co., Ltd.

    7,900        36,274   

Yomeishu Seizo Co., Ltd.

    3,000        52,685   

Yomiuri Land Co., Ltd.

    13,000        66,549   

Yondenko Corp.

    8,000        27,262   

Yondoshi Holdings, Inc.

    6,000        147,883   

Yonekyu Corp. (b)

    800        19,256   

Yorozu Corp.

    7,900        165,576   

Yoshinoya Holdings Co., Ltd. (a)

    17,300        211,412   

Yuasa Funashoku Co., Ltd.

    13,000        36,334   

Yuasa Trading Co., Ltd.

    6,700        157,005   

Yuken Kogyo Co., Ltd.

    17,000        28,171   

Yuki Gosei Kogyo Co., Ltd.

    6,000        13,142   

Yumeshin Holdings Co., Ltd. (a)

    10,100        55,611   

Yurtec Corp.

    17,000        141,913   

Yusen Logistics Co., Ltd.

    7,100        82,382   

Yushiro Chemical Industry Co., Ltd.

    3,700        43,174   

Yutaka Giken Co., Ltd.

    600        11,441   

Japan—(Continued)

  

Zappallas, Inc.

    4,900      17,259   

Zenrin Co., Ltd. (a)

    9,100        182,729   

Zensho Holdings Co., Ltd. (a)

    32,700        390,943   

ZERIA Pharmaceutical Co., Ltd. (a)

    9,200        119,112   

Zojirushi Corp. (a)

    9,800        155,946   

Zuiko Corp.

    1,000        33,933   

Zuken, Inc. (a)

    7,200        75,717   
   

 

 

 
      154,799,648   
   

 

 

 

Luxembourg—0.0%

  

B&M European Value Retail S.A.

    2,609        9,940   

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

    60,320        29,722   

L’Occitane International S.A.

    53,500        95,308   
   

 

 

 
      134,970   
   

 

 

 

Macau—0.0%

  

Macau Legend Development, Ltd. (c)

    359,000        49,978   
   

 

 

 

Malta—0.1%

  

Unibet Group plc (a)

    85,856        972,423   
   

 

 

 

Netherlands—2.4%

  

Aalberts Industries NV

    38,866        1,344,421   

Accell Group

    11,097        236,008   

AMG Advanced Metallurgical Group NV (a)

    12,258        128,526   

Amsterdam Commodities NV

    7,175        193,281   

APERAM S.A.

    33,328        1,268,450   

Arcadis NV

    33,193        617,210   

ASM International NV

    19,662        879,784   

BE Semiconductor Industries NV

    23,461        640,311   

Beter Bed Holding NV

    5,949        148,922   

BinckBank NV

    28,201        209,338   

Boskalis Westminster

    6,347        248,708   

Brack Capital Properties NV (c)

    442        30,747   

Brunel International NV (a)

    10,850        227,849   

Corbion NV

    21,805        516,545   

Delta Lloyd NV (a)

    87,542        406,385   

Euronext NV

    1,079        44,695   

Fugro NV (c)

    4,189        80,202   

Gemalto NV

    4,446        327,683   

Heijmans NV (c)

    14,562        136,285   

Hunter Douglas NV

    2,423        104,729   

IMCD Group NV

    712        26,608   

KAS Bank NV

    6,580        75,593   

Kendrion NV

    3,947        97,155   

Koninklijke BAM Groep NV (c)

    118,667        560,322   

Koninklijke Vopak NV

    6,562        326,639   

Nederland Apparatenfabriek

    2,241        82,839   

Ordina NV (c)

    44,115        53,169   

PostNL NV (c)

    162,817        662,819   

QIAGEN NV (c)

    49,148        1,089,578   

SBM Offshore NV (a) (c)

    72,035        914,418   

Sligro Food Group NV

    11,098        434,124   

SNS REAAL NV (a) (b) (c) (d)

    105,329        0   

STMicroelectronics NV

    5,965        33,002   

Telegraaf Media Groep NV (c)

    13,542        59,469   

 

MSF-100


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Netherlands—(Continued)

  

TKH Group NV

    13,932      $ 596,358   

TNT Express NV

    150,990        1,354,838   

TomTom NV (c)

    51,405        501,302   

USG People NV

    43,376        857,695   

Van Lanschot NV

    45        950   

Wessanen

    41,745        451,651   
   

 

 

 
      15,968,608   
   

 

 

 

New Zealand—1.5%

  

a2 Milk Co., Ltd. (a) (c)

    134,580        176,651   

Abano Healthcare Group, Ltd.

    880        4,370   

Air New Zealand, Ltd.

    205,023        405,644   

Briscoe Group, Ltd.

    13,123        27,207   

Chorus, Ltd. (a)

    123,561        342,389   

Contact Energy, Ltd.

    94,206        325,863   

Diligent Corp. (c)

    19,249        93,482   

Ebos Group, Ltd.

    46,233        549,618   

Fisher & Paykel Healthcare Corp., Ltd.

    222,816        1,506,913   

Freightways, Ltd.

    74,043        325,045   

Genesis Energy, Ltd.

    6,811        9,644   

Hallenstein Glasson Holdings, Ltd.

    19,012        40,081   

Heartland Bank, Ltd. (a)

    72,313        60,465   

Hellaby Holdings, Ltd.

    13,986        25,587   

Infratil, Ltd.

    290,106        657,812   

Kathmandu Holdings, Ltd.

    23,984        27,354   

Mainfreight, Ltd.

    37,244        408,260   

Methven, Ltd.

    19,898        16,505   

Metlifecare, Ltd. (a)

    34,148        123,950   

Michael Hill International, Ltd.

    82,929        55,599   

Mighty River Power, Ltd.

    44,344        89,559   

New Zealand Oil & Gas, Ltd. (c)

    131,264        42,932   

New Zealand Refining Co., Ltd. (The) (a)

    27,432        58,755   

Nuplex Industries, Ltd.

    105,582        378,810   

NZX, Ltd.

    114,554        80,736   

Opus International Consultants, Ltd.

    4,000        3,404   

Pacific Edge, Ltd. (c)

    17,353        8,042   

PGG Wrightson, Ltd.

    58,545        16,192   

Pike River Coal, Ltd. (b) (c) (d)

    82,575        0   

Port of Tauranga, Ltd. (a)

    30,898        391,873   

Restaurant Brands New Zealand, Ltd.

    51,556        173,264   

Rubicon, Ltd. (c)

    9,922        1,783   

Ryman Healthcare, Ltd.

    145,149        837,634   

Sanford, Ltd.

    314        1,346   

Skellerup Holdings, Ltd.

    29,759        26,333   

SKY Network Television, Ltd. (a)

    114,579        393,340   

SKYCITY Entertainment Group, Ltd.

    298,626        1,031,877   

Summerset Group Holdings, Ltd.

    25,600        78,303   

TOWER, Ltd. (a)

    59,836        73,660   

Trade Me Group, Ltd.

    132,253        403,036   

TrustPower, Ltd.

    13,980        74,015   

Vector, Ltd.

    151,308        343,191   

Warehouse Group, Ltd. (The)

    54,373        109,026   

Xero, Ltd. (a) (c)

    20,773        221,432   

Z Energy, Ltd.

    3,706        17,287   
   

 

 

 
      10,038,269   
   

 

 

 

Norway—0.7%

   

ABG Sundal Collier Holding ASA

    112,462      85,312   

AF Gruppen ASA

    945        15,049   

Akastor ASA (a) (c)

    13,919        14,681   

Aker ASA - A Shares

    871        16,237   

American Shipping Co. ASA (c)

    12,027        40,255   

Atea ASA (c)

    22,644        216,024   

Austevoll Seafood ASA

    29,238        239,546   

Biotec Pharmacon ASA (c)

    10,494        15,179   

Bonheur ASA

    4,316        29,159   

BW LPG, Ltd. (a)

    2,089        12,691   

BW Offshore, Ltd. (a)

    108,665        16,956   

Deep Sea Supply plc (c)

    40,102        4,700   

Det Norske Oljeselskap ASA (a) (c)

    34,725        259,333   

DNO ASA (a) (c)

    53,986        41,283   

DOF ASA (c)

    21,760        10,298   

Ekornes ASA

    11,636        129,018   

Farstad Shipping ASA

    6,040        9,659   

Fred Olsen Energy ASA (c)

    4,442        14,937   

Frontline, Ltd.

    7,321        61,358   

Ganger Rolf ASA

    7,335        39,395   

Grieg Seafood ASA

    11,731        60,817   

Hexagon Composites ASA (a)

    24,991        70,480   

Hoegh LNG Holdings, Ltd. (a)

    13,626        145,392   

Kongsberg Automotive ASA (c)

    185,093        160,187   

Kvaerner ASA (a)

    92,750        78,628   

Nordic Semiconductor ASA (a) (c)

    49,630        276,200   

Norske Skogindustrier ASA (c)

    101,549        24,420   

Norwegian Air Shuttle ASA (a) (c)

    8,166        306,473   

Ocean Yield ASA (a)

    1,025        6,882   

Odfjell SE - A Shares (c)

    1,949        5,418   

Opera Software ASA (a)

    21,316        169,397   

Petroleum Geo-Services ASA (a)

    55,241        153,659   

PhotoCure ASA (c)

    5,477        22,454   

ProSafe SE (a)

    76,897        45,118   

Q-Free ASA (c)

    24,256        29,747   

REC Silicon ASA (a) (c)

    643,607        108,202   

Salmar ASA

    8,438        206,242   

Sevan Marine ASA (c)

    16,466        38,590   

Solstad Offshore ASA

    5,178        10,221   

Songa Offshore (c)

    121,279        4,805   

SpareBank 1 SMN

    40,946        260,846   

SpareBank 1 SR Bank ASA

    4,926        24,068   

Stolt-Nielsen, Ltd.

    5,818        65,372   

Tomra Systems ASA (a)

    47,970        498,845   

Veidekke ASA

    57,200        774,563   

Wilh Wilhelmsen ASA (a)

    21,003        104,523   

Wilh Wilhelmsen Holding ASA - Class A

    4,777        89,924   
   

 

 

 
      5,012,543   
   

 

 

 

Philippines—0.0%

   

Del Monte Pacific, Ltd. (c)

    77,636        18,666   
   

 

 

 

Portugal—0.4%

   

Altri SGPS S.A.

    49,174        213,405   

Banco BPI S.A. (c)

    181,563        258,024   

Banco Comercial Portugues S.A. - Class R (a) (c)

    10,046,492        405,592   

 

MSF-101


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Portugal—(Continued)

   

Banco Espirito Santo S.A. (b) (c) (d)

    89,078      $ 0   

CTT-Correios de Portugal S.A.

    5,621        52,736   

Mota-Engil SGPS S.A. (a)

    40,942        86,295   

NOS SGPS S.A.

    73,113        485,990   

Novabase SGPS S.A.

    7,827        18,608   

Portucel S.A.

    158,715        575,474   

REN - Redes Energeticas Nacionais SGPS S.A. (a)

    94,602        309,617   

Semapa-Sociedade de Investimento e Gestao

    873        11,484   

Sonae SGPS S.A.

    280,308        336,938   

Teixeira Duarte S.A.

    59,382        18,817   
   

 

 

 
      2,772,980   
   

 

 

 

Singapore—1.3%

   

Abterra, Ltd. (c)

    51,720        12,855   

ASL Marine Holdings, Ltd.

    105,000        22,981   

Ausgroup, Ltd. (a) (c)

    143,000        13,131   

Baker Technology, Ltd.

    166,000        21,429   

Banyan Tree Holdings, Ltd. (a)

    155,000        61,813   

Biosensors International Group, Ltd. (c)

    473,000        289,508   

Bonvests Holdings, Ltd.

    18,000        15,978   

Boustead Projects, Ltd. (c)

    24,607        11,865   

Boustead Singapore, Ltd.

    82,025        53,236   

Breadtalk Group, Ltd.

    37,000        28,273   

Broadway Industrial Group, Ltd. (c)

    156,399        16,013   

Bukit Sembawang Estates, Ltd.

    72,000        230,149   

Bund Center Investment, Ltd. (c)

    552,000        74,125   

Centurion Corp., Ltd.

    38,000        10,430   

China Aviation Oil Singapore Corp., Ltd.

    153,600        89,436   

China Merchants Holdings Pacific, Ltd.

    117,600        71,539   

Chip Eng Seng Corp., Ltd.

    157,000        82,679   

Chuan Hup Holdings, Ltd.

    125,000        25,961   

Cordlife Group, Ltd. (a)

    39,000        38,267   

Cosco Corp. Singapore, Ltd. (a)

    477,000        127,311   

Creative Technology, Ltd. (c)

    22,600        18,439   

CSE Global, Ltd.

    197,000        67,225   

CW Group Holdings, Ltd.

    106,000        30,117   

CWT, Ltd. (a)

    81,000        117,866   

Delong Holdings, Ltd. (c) (d)

    18,200        4,659   

DMX Technologies Group, Ltd. (b) (c) (d)

    186,000        11,281   

Dyna-Mac Holdings, Ltd.

    98,000        10,466   

Elec & Eltek International Co., Ltd.

    23,000        21,735   

Eu Yan Sang International, Ltd.

    90,000        37,367   

Ezion Holdings, Ltd. (a)

    397,100        168,447   

Ezra Holdings, Ltd. (a) (c)

    1,000,703        81,754   

Far East Orchard, Ltd.

    74,044        82,409   

First Resources, Ltd. (a)

    86,700        129,913   

First Sponsor Group, Ltd.

    8,628        7,810   

FJ Benjamin Holdings, Ltd. (c)

    106,000        5,741   

Food Empire Holdings, Ltd. (c)

    54,000        9,219   

Fragrance Group, Ltd. (a)

    752,800        98,857   

Gallant Venture, Ltd. (a) (c)

    126,000        19,161   

Geo Energy Resources, Ltd. (a) (c)

    155,000        13,338   

GK Goh Holdings, Ltd.

    12,000        7,300   

GL, Ltd.

    188,000        122,039   

Global Premium Hotels, Ltd. (a)

    73,200        16,832   

Singapore—(Continued)

   

GMG Global, Ltd. (c)

    202,200      89,991   

Golden Agri-Resources, Ltd.

    193,600        58,863   

Golden Energy & Resources, Ltd. (b) (c) (d)

    8,539        1,901   

GuocoLand, Ltd.

    28,000        37,391   

Hanwell Holdings, Ltd. (c)

    19,000        3,382   

Haw Par Corp., Ltd.

    3,700        23,026   

Hi-P International, Ltd.

    99,500        29,883   

Hiap Hoe, Ltd.

    58,000        29,692   

HLH Group, Ltd. (c)

    1,066,000        4,745   

Ho Bee Land, Ltd.

    87,000        141,345   

Hong Fok Corp., Ltd.

    133,400        77,202   

Hong Leong Asia, Ltd.

    41,000        22,652   

Hotel Grand Central, Ltd.

    1,000        916   

Hour Glass, Ltd. (The)

    129,000        70,818   

HTL International Holdings, Ltd. (a) (c)

    69,000        36,590   

Hwa Hong Corp., Ltd.

    138,000        30,719   

Hyflux, Ltd. (a)

    179,500        79,867   

Indofood Agri Resources, Ltd.

    152,000        68,081   

Innovalues, Ltd.

    64,000        42,727   

Interplex Holdings, Ltd.

    21,000        12,775   

k1 Ventures, Ltd.

    80,800        47,653   

Keppel Infrastructure Trust (a)

    549,659        201,970   

Keppel Telecommunications & Transportation, Ltd.

    44,000        46,028   

Koh Brothers Group, Ltd.

    97,000        20,055   

Lian Beng Group, Ltd. (a)

    157,000        55,044   

Low Keng Huat Singapore, Ltd.

    122,600        56,395   

Lum Chang Holdings, Ltd.

    115,000        29,005   

M1, Ltd. (a)

    64,400        124,202   

Marco Polo Marine, Ltd. (c)

    51,000        7,000   

Mermaid Maritime PCL

    136,000        10,389   

Metro Holdings, Ltd.

    141,600        99,765   

Mewah International, Inc.

    110,000        24,748   

Midas Holdings, Ltd.

    452,000        93,493   

Nam Cheong, Ltd. (a)

    321,000        25,727   

Neptune Orient Lines, Ltd. (a) (c)

    216,300        203,802   

NSL, Ltd.

    15,000        16,690   

OKH Global, Ltd. (c)

    15,700        1,432   

Olam International, Ltd.

    45,700        58,299   

OSIM International, Ltd. (a)

    85,000        86,155   

Otto Marine, Ltd. (a) (c)

    26,099        3,789   

Overseas Union Enterprise, Ltd. (a)

    174,000        217,509   

Oxley Holdings, Ltd. (a)

    155,000        50,006   

Pan-United Corp., Ltd.

    43,000        19,773   

Penguin International, Ltd.

    193,000        18,262   

Petra Foods, Ltd.

    66,000        137,133   

QAF, Ltd.

    86,667        66,225   

Raffles Education Corp., Ltd.

    384,774        62,791   

Raffles Medical Group, Ltd.

    48,497        162,243   

Rickmers Maritime

    110,000        6,451   

Riverstone Holdings, Ltd.

    40,000        28,484   

Rotary Engineering, Ltd.

    85,000        22,693   

Roxy-Pacific Holdings, Ltd.

    85,750        30,856   

SATS, Ltd.

    100,500        294,409   

SBS Transit, Ltd.

    40,500        64,285   

Sembcorp Industries, Ltd.

    15,300        34,375   

Sembcorp Marine, Ltd. (a)

    39,300        48,064   

 

MSF-102


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

   

Sheng Siong Group, Ltd.

    133,900      $ 83,441   

SHS Holdings, Ltd.

    47,000        9,936   

SIIC Environment Holdings, Ltd. (a) (c)

    51,400        26,121   

Sim Lian Group, Ltd.

    121,500        70,764   

Sinarmas Land, Ltd.

    694,000        252,232   

Sing Holdings, Ltd.

    82,000        20,378   

Singapore Post, Ltd.

    239,600        290,676   

Singapore Reinsurance Corp., Ltd.

    1,000        237   

Sino Grandness Food Industry Group, Ltd. (a) (c)

    84,000        43,299   

SMRT Corp., Ltd. (a)

    175,000        196,050   

Stamford Land Corp., Ltd.

    278,000        103,107   

Sunningdale Tech, Ltd.

    60,600        50,322   

Super Group, Ltd.

    143,000        105,003   

Swiber Holdings, Ltd. (a) (c)

    117,749        16,601   

Swissco Holdings, Ltd. (a)

    84,000        11,760   

Tuan Sing Holdings, Ltd.

    169,000        41,956   

UMS Holdings, Ltd.

    93,000        38,981   

United Engineers, Ltd.

    138,000        238,362   

United Overseas Insurance, Ltd.

    4,000        14,067   

UOB-Kay Hian Holdings, Ltd.

    131,440        136,534   

UOL Group, Ltd.

    34,300        152,618   

UPP Holdings, Ltd.

    46,000        6,396   

Vard Holdings, Ltd. (a) (c)

    203,000        29,913   

Venture Corp., Ltd.

    97,000        601,445   

Vibrant Group, Ltd.

    47,600        11,299   

Vicom, Ltd.

    2,000        8,946   

Wee Hur Holdings, Ltd.

    85,000        17,024   

Wheelock Properties Singapore, Ltd. (a)

    58,000        66,041   

Wing Tai Holdings, Ltd. (a)

    159,621        208,404   

Yeo Hiap Seng, Ltd.

    19,712        18,921   

YHI International, Ltd.

    39,000        10,127   

Yongnam Holdings, Ltd. (c)

    161,250        44,832   
   

 

 

 
      8,642,513   
   

 

 

 

Spain—2.1%

   

Acciona S.A.

    7,188        555,619   

Acerinox S.A. (a)

    66,969        772,057   

Adveo Group International S.A. (c)

    6,292        30,197   

Almirall S.A.

    20,336        340,947   

Amper S.A. (c)

    12,087        1,659   

Atresmedia Corp. de Medios de Comunicacion S.A.

    21,362        233,421   

Azkoyen S.A.

    1,608        7,716   

Baron de Ley (c)

    1,139        130,988   

Bolsas y Mercados Espanoles S.A. (a)

    27,936        900,260   

Caja de Ahorros del Mediterraneo (a) (b) (c) (d)

    14,621        0   

Cementos Portland Valderrivas S.A. (c)

    4,058        27,673   

Cie Automotive S.A. (a)

    17,266        311,028   

Construcciones y Auxiliar de Ferrocarriles S.A.

    588        186,884   

Distribuidora Internacional de Alimentacion S.A. (a)

    184,598        954,640   

Duro Felguera S.A. (a)

    27,756        48,288   

Ebro Foods S.A. (a)

    25,801        562,048   

Elecnor S.A. (a)

    11,262        94,121   

Ence Energia y Celulosa S.A

    61,968        208,006   

Ercros S.A. (c)

    60,314        40,871   

Spain—(Continued)

   

Faes Farma S.A.

    168,810      530,632   

Fluidra S.A.

    12,850        53,777   

Fomento de Construcciones y Contratas S.A. (a) (c)

    51,569        444,820   

Gamesa Corp. Tecnologica S.A.

    69,346        1,367,379   

Grupo Catalana Occidente S.A.

    21,149        600,007   

Grupo Ezentis S.A. (c)

    39,717        17,821   

Iberpapel Gestion S.A.

    600        12,137   

Indra Sistemas S.A. (a) (c)

    39,802        462,673   

Inmobiliaria Colonial S.A. (c)

    242,752        179,230   

Laboratorios Farmaceuticos Rovi S.A.

    6,104        102,572   

Liberbank S.A. (c)

    9,453        11,673   

Mediaset Espana Comunicacion S.A.

    49,361        566,974   

Melia Hotels International S.A. (a)

    21,300        249,966   

Miquel y Costas & Miquel S.A.

    4,480        195,674   

NH Hotel Group S.A. (c)

    69,951        320,558   

Nmas1 Dinamia S.A.

    3,678        31,958   

Obrascon Huarte Lain S.A. (a)

    35,775        227,241   

Papeles y Cartones de Europa S.A.

    20,612        131,019   

Pescanova S.A. (a) (b) (c) (d)

    7,446        0   

Pharma Mar S.A. (a) (c)

    72,263        211,821   

Prim S.A.

    3,013        30,483   

Promotora de Informaciones S.A. - Class A (a) (c)

    13,933        91,574   

Prosegur Cia de Seguridad S.A.

    54,905        308,377   

Quabit Inmobiliaria S.A. (c)

    425,365        18,800   

Realia Business S.A. (c)

    112,366        129,825   

Sacyr S.A. (a)

    107,800        207,156   

Solaria Energia y Medio Ambiente S.A. (a) (c)

    19,439        14,203   

Tecnicas Reunidas S.A. (a)

    11,115        312,061   

Tecnocom Telecomunicaciones y Energia S.A. (c)

    13,592        20,697   

Tubacex S.A. (a)

    28,250        66,229   

Tubos Reunidos S.A. (a)

    21,752        16,180   

Urbas Grupo Financiero S.A. (c)

    887,506        12,143   

Vidrala S.A. (a)

    7,952        468,165   

Viscofan S.A. (a)

    14,797        884,670   

Vocento S.A. (c)

    10,923        16,028   

Zardoya Otis S.A. (a)

    9,386        108,772   
   

 

 

 
      13,829,718   
   

 

 

 

Sweden—3.4%

  

AAK AB

    11,380        900,993   

Acando AB

    32,705        79,785   

AddLife AB (c)

    6,477        86,166   

AddNode Group AB

    1,849        12,380   

AddTech AB - B Shares (a)

    25,912        356,486   

AF AB - B Shares

    24,002        440,254   

Arise AB (c)

    4,852        10,157   

Atrium Ljungberg AB - B Shares

    5,167        89,431   

Avanza Bank Holding AB

    7,660        340,556   

B&B Tools AB - B Shares

    12,796        235,481   

BE Group AB (c)

    39,235        7,708   

Beijer Alma AB

    9,404        250,680   

Beijer Electronics AB

    5,229        32,522   

Beijer Ref AB

    6,405        165,968   

Betsson AB (c)

    27,465        425,366   

Bilia AB - A Shares

    19,779        443,030   

BillerudKorsnas AB

    55,214        900,481   

 

MSF-103


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

  

BioGaia AB - B Shares

    5,094      $ 135,492   

Biotage AB

    15,339        51,950   

Bjorn Borg AB (c)

    9,936        38,791   

Bulten AB (a)

    2,144        19,591   

Bure Equity AB

    17,448        149,336   

Byggmax Group AB

    18,326        168,057   

Castellum AB (a)

    50,334        797,937   

Clas Ohlson AB - B Shares

    16,271        310,265   

Cloetta AB - B Shares (c)

    92,493        293,172   

Concentric AB

    27,465        310,894   

Concordia Maritime AB - B Shares (c)

    4,217        8,671   

Dios Fastigheter AB

    17,696        129,807   

Doro AB (c)

    3,391        30,865   

Duni AB

    15,028        249,103   

East Capital Explorer AB (c)

    7,088        47,358   

Elekta AB - B Shares (a)

    9,189        68,627   

Eniro AB (a) (c)

    223,372        21,801   

Fabege AB

    48,889        822,999   

Fagerhult AB

    6,390        130,147   

Fastighets AB Balder - B Shares (c)

    28,426        720,930   

Fingerprint Cards AB - Class B (a) (c)

    2,325        134,258   

Gunnebo AB

    12,816        68,213   

Haldex AB

    17,698        154,759   

Hemfosa Fastigheter AB

    5,511        60,549   

HIQ International AB (c)

    25,890        159,118   

HMS Networks AB

    709        19,426   

Holmen AB - B Shares

    15,352        501,966   

Hufvudstaden AB - A Shares

    15,492        245,413   

Indutrade AB

    8,907        543,817   

Infant Bacterial Therapeutics AB (c)

    509        6,479   

Intrum Justitia AB

    21,993        773,065   

Inwido AB

    3,779        46,454   

JM AB

    23,748        615,634   

KappAhl AB

    29,980        119,076   

Karolinska Development AB - Class B (c)

    7,514        7,628   

Klovern AB - B Shares

    114,185        129,189   

Know It AB

    9,489        76,991   

Kungsleden AB

    47,047        332,242   

Lagercrantz Group AB - B Shares

    24,681        235,377   

Lindab International AB (a)

    21,316        170,155   

Loomis AB - Class B

    25,196        712,119   

Medivir AB - B Shares (c)

    10,470        72,783   

Mekonomen AB (a)

    9,225        228,431   

Modern Times Group MTG AB - B Shares (a)

    9,830        293,834   

MQ Holding AB

    9,112        47,003   

Mycronic AB (a)

    46,878        422,765   

NCC AB - B Shares

    684        24,873   

Nederman Holding AB

    932        25,277   

Net Insight AB - Class B (c)

    143,837        83,325   

NetEnt AB (c)

    9,033        509,194   

New Wave Group AB - B Shares (a)

    15,773        67,949   

Nibe Industrier AB - B Shares

    27,856        952,817   

Nobia AB

    51,796        539,739   

Nolato AB - B Shares

    9,452        264,812   

Nordnet AB - B Shares

    33,249        142,042   

OEM International AB - B Shares

    498        8,033   

Peab AB

    53,219        469,442   

Sweden—(Continued)

  

Pricer AB - B Shares (c)

    32,212      33,120   

Proact IT Group AB

    4,203        65,235   

Ratos AB - B Shares (a)

    40,725        260,917   

Rezidor Hotel Group AB

    37,700        178,243   

Saab AB - Class B

    22,997        785,283   

Sagax AB - Class B

    14,540        121,110   

SAS AB (a) (c)

    41,924        119,135   

Sectra AB - B Shares (c)

    4,644        58,702   

Semcon AB

    5,540        26,460   

SkiStar AB

    9,076        130,209   

SSAB AB (Helsinki Exchange) - A Shares (a) (c)

    27,650        98,994   

SSAB AB (Helsinki Exchange) - B Shares (a) (c)

    70,586        210,755   

SSAB AB (Stockholm Exchange) - A Shares (a) (c)

    45,510        163,451   

SSAB AB (Stockholm Exchange) - B Shares (a) (c)

    24,047        72,001   

Sweco AB - B Shares (a)

    29,847        489,380   

Systemair AB

    4,286        54,375   

Transcom Worldwide AB (a) (c)

    1,837        17,857   

Victoria Park AB - B Shares (c)

    4,080        8,793   

Vitrolife AB

    4,321        181,134   

Wallenstam AB - B Shares

    64,604        558,330   

Wihlborgs Fastigheter AB

    31,241        663,033   
   

 

 

 
      22,844,001   
   

 

 

 

Switzerland—5.5%

  

AFG Arbonia-Forster Holding AG (c)

    10,560        124,608   

Allreal Holding AG (a) (c)

    3,866        559,590   

Alpiq Holding AG (c)

    156        10,637   

APG SGA S.A.

    494        206,044   

Aryzta AG (c)

    1,533        63,243   

Ascom Holding AG

    19,382        363,223   

Autoneum Holding AG (c)

    1,585        406,549   

Bachem Holding AG - Class B

    1,074        66,160   

Baloise Holding AG

    10,261        1,299,944   

Bank Coop AG

    2,772        123,099   

Banque Cantonale de Geneve

    375        108,483   

Banque Cantonale Vaudoise (a)

    739        514,363   

Basler Kantonalbank

    130        9,936   

Belimo Holding AG

    215        582,436   

Bell AG

    56        222,564   

Bellevue Group AG

    2,584        40,336   

Berner Kantonalbank AG (a)

    1,950        391,403   

BKW AG

    4,798        201,604   

Bobst Group S.A.

    5,636        337,915   

Bossard Holding AG - Class A (a) (c)

    2,245        236,287   

Bucher Industries AG (a)

    3,346        811,001   

Burckhardt Compression Holding AG (a)

    1,355        464,450   

Burkhalter Holding AG

    1,441        191,465   

Calida Holding AG (c)

    2,002        72,162   

Carlo Gavazzi Holding AG

    48        10,505   

Cembra Money Bank AG (c)

    1,034        72,155   

Cham Paper Holding AG (c)

    113        30,815   

Charles Voegele Holding AG (c)

    4,263        23,703   

Cicor Technologies (c)

    644        16,074   

Cie Financiere Tradition S.A.

    557        38,231   

Clariant AG (c)

    41,461        748,720   

Coltene Holding AG

    1,326        89,645   

 

MSF-104


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

  

Conzzeta AG

    292      $ 194,638   

Daetwyler Holding AG

    3,176        473,278   

DKSH Holding AG

    745        50,900   

dorma+kaba Holding AG - Class B

    1,194        762,781   

Dufry AG (c)

    6,459        794,654   

Edmond de Rothschild Suisse S.A.

    3        50,231   

EFG International AG (a) (c)

    20,307        115,794   

Emmi AG (c)

    1,190        649,526   

Energiedienst Holding AG

    3,017        70,594   

Feintool International Holding AG (c)

    684        63,252   

Fenix Outdoor International AG

    384        18,638   

FIH Mobile, Ltd.

    110,000        49,217   

Flughafen Zuerich AG

    1,589        1,419,516   

Forbo Holding AG (c)

    611        739,498   

GAM Holding AG (c)

    68,723        990,163   

Gategroup Holding AG (c)

    10,889        485,312   

Georg Fischer AG

    1,730        1,397,007   

Gurit Holding AG (c)

    292        181,843   

Helvetia Holding AG

    2,402        1,372,962   

Highlight Communications AG (c)

    7,829        52,258   

HOCHDORF Holding AG (c)

    117        22,887   

Huber & Suhner AG

    5,559        289,023   

Implenia AG (a)

    8,148        510,341   

Inficon Holding AG (c)

    688        226,803   

Interroll Holding AG (c)

    259        227,827   

Intershop Holding AG

    586        287,520   

Jungfraubahn Holding AG

    85        9,080   

Kardex AG (c)

    2,548        209,234   

Komax Holding AG

    1,485        336,134   

Kudelski S.A.

    13,221        225,429   

Kuoni Reisen Holding AG (a) (c)

    1,515        568,240   

LEM Holding S.A.

    279        236,472   

Liechtensteinische Landesbank AG

    2,973        118,744   

LifeWatch AG (c)

    1,912        25,739   

Logitech International S.A.

    59,506        943,851   

Luzerner Kantonalbank AG

    1,489        613,898   

MCH Group AG

    831        55,998   

Metall Zug AG - B Shares

    65        187,527   

Meyer Burger Technology AG (a) (c)

    24,493        87,582   

Mikron Holding AG (c)

    474        3,150   

Mobilezone Holding AG

    10,014        150,936   

Mobimo Holding AG (c)

    3,098        754,628   

OC Oerlikon Corp. AG (c)

    74,629        769,580   

Orascom Development Holding AG (c)

    5,250        47,215   

Orell Fuessli Holding AG (c)

    428        56,083   

Oriflame Holding AG (a) (c)

    4,387        87,097   

Orior AG (c)

    2,240        145,581   

Panalpina Welttransport Holding AG (a)

    2,641        294,850   

Phoenix Mecano AG

    337        150,269   

Plazza AG - Class A (c)

    292        62,254   

PSP Swiss Property AG (c)

    9,560        919,254   

Rieter Holding AG (c)

    1,437        309,315   

Romande Energie Holding S.A.

    111        110,200   

Schaffner Holding AG (c)

    238        51,619   

Schmolz & Bickenbach AG (c)

    161,565        119,259   

Schweiter Technologies AG

    381        350,831   

Siegfried Holding AG (a) (c)

    1,665        306,995   

Switzerland—(Continued)

  

St. Galler Kantonalbank AG (a)

    1,175      498,114   

Straumann Holding AG

    3,931        1,351,667   

Sulzer AG

    2,848        282,244   

Swiss Prime Site AG (c)

    12,982        1,144,366   

Swissquote Group Holding S.A. (a)

    3,968        98,584   

Tamedia AG

    904        156,066   

Tecan Group AG

    2,995        454,285   

Temenos Group AG (a) (c)

    24,817        1,356,606   

U-Blox AG (c)

    2,581        495,678   

Valiant Holding AG

    5,102        543,094   

Valora Holding AG

    1,316        328,018   

Vaudoise Assurances Holding S.A.

    531        287,399   

Vetropack Holding AG

    88        145,278   

Von Roll Holding AG (c)

    7,038        5,041   

Vontobel Holding AG

    10,466        452,983   

VP Bank AG

    358        33,966   

VZ Holding AG

    86        22,711   

Walliser Kantonalbank

    1,160        94,122   

Walter Meier AG (a)

    872        29,519   

Ypsomed Holding AG (a) (c)

    1,609        229,562   

Zehnder Group AG

    4,642        187,931   

Zug Estates Holding AG - B Shares (c)

    83        137,333   

Zuger Kantonalbank AG

    68        351,756   
   

 

 

 
      36,927,180   
   

 

 

 

United Arab Emirates—0.0%

  

Lamprell plc (c)

    100,553        131,776   
   

 

 

 

United Kingdom—16.5%

  

4imprint Group plc

    6,953        125,677   

888 Holdings plc

    43,367        132,187   

A.G.Barr plc (a)

    43,047        327,532   

AA plc

    5,850        22,239   

Acacia Mining plc

    56,954        229,986   

Acal plc

    10,523        36,759   

Afren plc (a) (b) (c) (d)

    251,096        75   

Air Partner plc

    992        5,473   

Amec Foster Wheeler plc

    59,960        383,783   

Anglo Pacific Group plc

    35,633        37,098   

Anglo-Eastern Plantations plc

    4,252        33,714   

Arrow Global Group plc

    3,319        11,910   

Ashmore Group plc (a)

    105,606        434,156   

Atrium European Real Estate, Ltd. (c)

    114,274        455,788   

AVEVA Group plc

    4,501        101,751   

Avon Rubber plc

    10,973        126,675   

Balfour Beatty plc (c)

    272,534        994,186   

BBA Aviation plc

    419,362        1,206,459   

Beazley plc

    227,019        1,169,924   

Bellway plc

    55,252        2,080,116   

Berendsen plc

    63,707        1,100,131   

BGEO Group plc

    6,261        182,281   

Bioquell plc

    5,000        11,453   

Bloomsbury Publishing plc

    25,349        53,494   

Bodycote plc

    101,186        873,167   

Booker Group plc

    440,978        1,089,496   

Bovis Homes Group plc

    60,601        807,160   

 

MSF-105


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Braemar Shipping Services plc

    7,120      $ 45,550   

Brammer plc (a)

    36,027        90,127   

Brewin Dolphin Holdings plc

    136,293        507,283   

British Polythene Industries plc

    10,947        110,394   

Britvic plc

    71,540        728,070   

BTG plc (c)

    51,257        457,216   

Cable & Wireless Communications plc (a)

    940,565        1,036,231   

Cairn Energy plc (c)

    165,216        474,146   

Cape plc

    51,292        165,492   

Capital & Counties Properties plc (a)

    46,906        221,206   

Carclo plc

    16,990        31,063   

Carillion plc (a)

    154,968        652,330   

Carr’s Group plc

    15,540        34,785   

Castings plc

    1,484        10,951   

Centamin plc

    342,133        433,260   

Centaur Media plc

    92,526        69,589   

Chemring Group plc

    123,138        233,869   

Chesnara plc

    56,561        267,904   

Cineworld Group plc

    70,599        543,566   

Clarkson plc

    4,101        130,266   

Close Brothers Group plc

    58,401        1,054,585   

CLS Holdings plc (a) (c)

    440        9,635   

Cobham plc

    363,956        1,130,054   

Communisis plc

    57,478        39,206   

Computacenter plc

    33,426        403,210   

Connect Group plc

    113,354        258,641   

Consort Medical plc

    23,287        358,778   

Costain Group plc

    21,151        107,686   

Cranswick plc

    21,978        673,234   

Creston plc

    5,272        8,026   

Daily Mail & General Trust plc - Class A

    83,431        833,369   

Dairy Crest Group plc

    62,645        556,397   

Darty plc

    135,252        254,407   

De La Rue plc

    25,638        164,506   

Debenhams plc

    392,003        422,742   

Dechra Pharmaceuticals plc

    29,807        516,073   

Devro plc

    61,396        259,377   

Dignity plc

    22,395        795,593   

Diploma plc

    38,305        407,757   

Domino’s Pizza Group plc

    49,248        711,051   

Drax Group plc (a)

    137,597        536,275   

DS Smith plc

    336,909        1,965,484   

Dunelm Group plc

    12,749        166,834   

E2V Technologies plc

    74,152        228,543   

Electrocomponents plc

    174,930        603,739   

Elementis plc

    171,004        587,774   

EnQuest plc (a) (c)

    429,925        147,485   

Enterprise Inns plc (c)

    256,620        351,794   

Essentra plc

    78,989        937,943   

Euromoney Institutional Investor plc

    14,736        199,296   

Evraz plc (c)

    60,200        77,767   

Fenner plc

    78,996        153,684   

Ferrexpo plc

    36,701        14,598   

Fidessa Group plc

    14,501        507,393   

Findel plc (a) (c)

    17,439        47,110   

Firstgroup plc (c)

    412,049        569,516   

Foxtons Group plc

    7,158        16,719   

United Kingdom—(Continued)

  

Fuller Smith & Turner plc - Class A

    7,667      113,632   

G4S plc

    27,804        75,762   

Galliford Try plc

    39,495        811,152   

Gem Diamonds, Ltd.

    35,552        56,126   

Genus plc

    26,031        570,186   

Go-Ahead Group plc

    12,021        456,722   

Grainger plc

    15,144        49,218   

Greene King plc

    121,167        1,512,235   

Greggs plc

    41,552        647,068   

Halfords Group plc

    99,977        567,050   

Halma plc

    135,194        1,768,592   

Hansard Global plc

    2,566        3,905   

Hays plc

    439,356        763,308   

Headlam Group plc

    56,817        421,536   

Helical Bar plc

    63,391        350,670   

Henderson Group plc

    414,124        1,527,469   

Henry Boot plc

    1,476        4,790   

Hill & Smith Holdings plc

    46,114        597,954   

Hilton Food Group plc

    1,888        13,592   

Hiscox, Ltd.

    106,215        1,473,312   

Hochschild Mining plc (c)

    68,421        90,407   

Hogg Robinson Group plc

    72,262        64,330   

Home Retail Group plc

    295,917        703,798   

HomeServe plc

    116,353        719,418   

Howden Joinery Group plc

    194,200        1,329,441   

Hunting plc

    34,598        157,848   

Huntsworth plc

    31,310        18,190   

ICAP plc

    200,242        1,361,126   

IG Group Holdings plc

    127,101        1,457,865   

Imagination Technologies Group plc (a) (c)

    46,403        125,695   

IMI plc

    16,795        228,657   

Inchcape plc

    161,511        1,671,696   

Indivior plc

    4,713        11,005   

Informa plc

    187,563        1,866,522   

Intermediate Capital Group plc

    29,783        264,370   

International Personal Finance plc

    79,366        332,719   

Interserve plc

    69,361        430,524   

IP Group plc (c)

    139,902        352,855   

ITE Group plc

    58,016        122,479   

James Fisher & Sons plc

    20,005        378,621   

Jardine Lloyd Thompson Group plc

    46,166        559,030   

JD Sports Fashion plc

    33,766        546,538   

JD Wetherspoon plc (a)

    40,891        412,798   

John Menzies plc

    14,551        99,201   

John Wood Group plc

    122,821        1,083,516   

Johnston Press plc (c)

    4,425        2,601   

Jupiter Fund Management plc

    111,316        650,768   

KAZ Minerals plc (c)

    44,157        108,029   

Kcom Group plc

    240,465        371,365   

Keller Group plc

    25,571        315,631   

Kier Group plc

    24,077        444,011   

Ladbrokes plc

    312,983        523,117   

Laird plc

    150,399        822,489   

Lancashire Holdings, Ltd. (a)

    58,171        459,922   

Laura Ashley Holdings plc

    25,157        9,021   

Lavendon Group plc

    44,306        85,389   

Lookers plc

    131,372        298,147   

 

MSF-106


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Low & Bonar plc

    37,972      $ 33,789   

LSL Property Services plc

    7,542        31,108   

Man Group plc

    598,620        1,304,625   

Marshalls plc

    63,336        324,164   

Marston’s plc

    328,476        716,203   

McBride plc (c)

    87,417        203,958   

Mears Group plc

    41,542        249,720   

Meggitt plc

    11,991        69,753   

Melrose Industries plc

    55,295        283,034   

Michael Page International plc

    84,971        520,665   

Micro Focus International plc

    55,820        1,255,073   

Millennium & Copthorne Hotels plc

    72,551        433,818   

Mitchells & Butlers plc

    67,625        269,920   

Mitie Group plc

    137,149        504,703   

Moneysupermarket.com Group plc

    143,669        654,634   

Morgan Advanced Materials plc

    118,289        385,864   

Morgan Sindall Group plc

    17,569        203,699   

Mothercare plc (a) (c)

    51,119        133,542   

N Brown Group plc (a)

    73,957        347,076   

National Express Group plc

    225,819        1,111,577   

NCC Group plc (a)

    76,130        274,377   

New World Resources plc - A Shares (c)

    11,898        73   

Northgate plc

    48,315        279,599   

Novae Group plc

    22,502        283,894   

Ophir Energy plc (c)

    56,121        61,653   

Oxford Instruments plc

    13,946        133,962   

PayPoint plc (a)

    19,490        209,336   

Pendragon plc

    345,188        180,217   

Pennon Group plc

    139,688        1,623,145   

Petra Diamonds, Ltd.

    152,603        230,679   

Petrofac, Ltd. (a)

    30,916        405,971   

Petropavlovsk plc (c)

    68,962        7,074   

Phoenix Group Holdings

    51,559        696,370   

Photo-Me International plc

    27,274        69,548   

Playtech plc

    53,689        666,173   

Premier Farnell plc

    101,808        164,885   

Premier Foods plc (c)

    334,879        273,924   

Premier Oil plc (c)

    172,107        109,092   

Punch Taverns plc (c)

    16,132        21,704   

PZ Cussons plc (a)

    102,110        441,953   

QinetiQ Group plc

    183,469        600,348   

Rank Group plc

    29,633        107,974   

Rathbone Brothers plc

    21,429        649,738   

Raven Russia, Ltd. (c)

    82,716        35,352   

REA Holdings plc

    1,120        4,723   

Redrow plc

    150,678        867,771   

Regus plc

    206,169        933,779   

Renishaw plc

    17,538        460,257   

Renold plc (c)

    64,766        31,124   

Rentokil Initial plc

    576,032        1,458,430   

Restaurant Group plc (The)

    58,755        330,223   

Rexam plc

    26,759        243,378   

Ricardo plc

    13,452        161,727   

Rightmove plc

    30,801        1,858,030   

RM plc

    43,283        82,962   

Robert Walters plc

    14,599        64,757   

Rotork plc

    286,300        751,522   

United Kingdom—(Continued)

  

RPC Group plc

    135,702      1,479,658   

RPS Group plc

    100,537        298,752   

Savills plc

    62,765        684,818   

SDL plc

    33,826        200,347   

Senior plc

    166,890        544,532   

Sepura plc

    11,245        31,639   

Serco Group plc (c)

    29,745        43,567   

Severfield plc

    98,696        77,903   

Shanks Group plc

    160,917        191,629   

SIG plc

    252,797        528,420   

Skyepharma plc (c)

    16,528        106,139   

Soco International plc

    50,968        116,017   

Spectris plc

    44,465        1,171,765   

Speedy Hire plc

    205,988        115,214   

Spirax-Sarco Engineering plc

    22,020        1,147,183   

Spirent Communications plc

    240,086        302,542   

Sportech plc (c)

    20,264        19,207   

St. Ives plc

    36,663        119,273   

St. Modwen Properties plc

    94,644        410,997   

Stagecoach Group plc

    127,734        460,984   

Stallergenes Greer plc (c)

    569        17,994   

SThree plc

    33,106        149,147   

Stobart Group, Ltd.

    12,441        18,753   

SuperGroup plc

    18,185        370,604   

Synthomer plc

    102,899        538,234   

TalkTalk Telecom Group plc (a)

    151,305        513,870   

Tate & Lyle plc

    139,162        1,154,402   

Ted Baker plc

    8,336        325,664   

Telecom Plus plc (a)

    21,749        287,445   

Thomas Cook Group plc (c)

    438,591        583,437   

Topps Tiles plc

    83,374        176,065   

Tribal Group plc

    21,793        15,900   

Trifast plc

    6,100        11,124   

Trinity Mirror plc

    174,518        329,564   

TT electronics plc

    79,682        170,469   

Tullett Prebon plc

    109,940        553,317   

U & I Group plc

    54,856        146,761   

UBM plc

    110,444        949,348   

Ultra Electronics Holdings plc

    27,882        722,672   

UNITE Group plc (The)

    97,058        884,638   

Vectura Group plc (c)

    199,135        464,900   

Vedanta Resources plc (a)

    28,343        139,466   

Vesuvius plc

    97,752        464,001   

Victrex plc

    29,970        707,441   

Vitec Group plc (The)

    10,351        84,787   

Volex plc (c)

    20,438        11,192   

Vp plc

    1,199        11,360   

WH Smith plc

    58,981        1,537,619   

William Hill plc

    315,264        1,477,127   

Wincanton plc (c)

    37,122        89,400   

Wireless Group plc

    38,815        107,189   

WS Atkins plc

    34,945        685,706   

Xaar plc (a)

    18,088        126,370   

Xchanging plc

    131,889        361,794   

XP Power, Ltd. (a)

    3,554        81,705   

Zeal Network SE

    1,934        91,348   
   

 

 

 
      110,839,715   
   

 

 

 

 

MSF-107


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

United States—0.0%

  

Performance Sports Group, Ltd. (c)

    1,854      $ 5,924   
   

 

 

 

Total Common Stocks
(Cost $582,262,491)

      664,965,359   
   

 

 

 
Preferred Stocks—0.2%   

Germany—0.2%

  

FUCHS Petrolub SE

    12,409        553,709   

Jungheinrich AG

    4,570        416,749   

Sartorius AG

    885        225,465   

Sto SE & Co. KGaA

    102        12,938   
   

 

 

 

Total Preferred Stocks
(Cost $1,008,602)

      1,208,861   
   

 

 

 
Rights—0.0%   

Australia—0.0%

  

Centrebet International, Ltd. (Litigation Units) (c) (d)

    9,600        0   

Silver Chef, Ltd., Expires 04/16/18 (c)

    824        0   

Tap Oil, Ltd., Expires 04/13/16 (c)

    50,208        192   
   

 

 

 
      192   
   

 

 

 

Austria—0.0%

   

Intercell AG (b) (c) (d)

    24,163        0   
   

 

 

 

Canada—0.0%

   

Nautilus Minerals, Inc., Expires 04/06/16 (c)

    52,914        204   
   

 

 

 

Hong Kong—0.0%

   

Chuangs China, Expires 04/21/16 (c) (d)

    170,500        879   
   

 

 

 

Israel—0.0%

   

Gilat Satellite Networks, Ltd., Expires 03/21/16 (c) (d)

    341        736   

Industrial Buildings Corp., Ltd., Expires 04/13/16 (c) (d)

    9,866        3,701   
   

 

 

 
      4,437   
   

 

 

 

Netherlands—0.0%

   

Delta Lloyd NV, Expires 04/07/16 (a) (c)

    87,542        121,629   
   

 

 

 

Singapore—0.0%

   

HLH Group, Ltd., Expires 04/11/16 (c) (d)

    533,000        0   
   

 

 

 

Switzerland—0.0%

   

Von Roll Holding AG, Expires 04/06/16 (c) (d)

    7,038        0   
   

 

 

 

United Kingdom—0.0%

   

Fortune Oil plc (b) (c) (d)

    575,627        744   
   

 

 

 

Total Rights
(Cost $414,828)

      128,085   
   

 

 

 
Warrant—0.0%   
Security Description   Shares/
Principal
Amount*
    Value  

Hong Kong—0.0%

  

International Standard Resources Holdings, Ltd., Expires 11/30/16 (c) (Cost $0)

    297,000      2,565   
   

 

 

 
Short-Term Investments—17.2%   

Mutual Fund—16.9%

   

State Street Navigator Securities Lending MET Portfolio (e)

    113,321,344        113,321,344   
   

 

 

 

Repurchase Agreement—0.3%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $1,571,202 on 04/01/16, collateralized by $1,575,000 U.S. Treasury Note at 1.500% due 05/31/20 with a value of $1,604,531.

    1,571,201        1,571,201   
   

 

 

 

Total Short-Term Investments
(Cost $114,892,545)

      114,892,545   
   

 

 

 

Total Investments—116.5%
(Cost $698,578,466) (f)

      781,197,415   

Other assets and liabilities (net)—(16.5)%

      (110,393,949
   

 

 

 
Net Assets—100.0%     $ 670,803,466   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $113,818,505 and the collateral received consisted of cash in the amount of $113,321,344 and non-cash collateral with a value of $7,769,926. 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) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2016, these securities represent 0.2% of net assets.
(c) Non-income producing security.
(d) Illiquid security. As of March 31, 2016, these securities represent 0.0% of net assets.
(e) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(f) As of March 31, 2016, the aggregate cost of investments was $698,578,466. The aggregate unrealized appreciation and depreciation of investments were $193,209,695 and $(110,590,746), respectively, resulting in net unrealized appreciation of $82,618,949.

 

MSF-108


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

 

Ten Largest Industries as of

March 31, 2016 (Unaudited)

  

% of
Net Assets

 

Machinery

     5.8   

Metals & Mining

     4.2   

Real Estate Management & Development

     4.1   

Hotels, Restaurants & Leisure

     3.9   

Food Products

     3.9   

Banks

     3.9   

Construction & Engineering

     3.8   

Chemicals

     3.5   

Media

     3.4   

Specialty Retail

     3.4   

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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Australia

   $ 6,450       $ 44,985,714       $ 447,079       $ 45,439,243   

Austria

     —           7,333,643         336         7,333,979   

Belgium

     690,333         11,367,131         —           12,057,464   

Cambodia

     —           292,333         —           292,333   

Canada

     49,375,961         14,359         2,006         49,392,326   

China

     —           7,068         —           7,068   

Denmark

     —           13,701,885         —           13,701,885   

Finland

     —           18,054,071         1,861         18,055,932   

France

     4,012         34,295,731         —           34,299,743   

Germany

     574,641         40,741,017         —           41,315,658   

Hong Kong

     544,184         18,743,479         67,904         19,355,567   

Ireland

     —           9,728,415         —           9,728,415   

Isle of Man

     —           442,457         —           442,457   

Israel

     15,792         5,386,504         —           5,402,296   

Italy

     0         25,140,645         11,436         25,152,081   

Japan

     110,389         154,159,798         529,461         154,799,648   

Luxembourg

     —           134,970         —           134,970   

Macau

     —           49,978         —           49,978   

Malta

     —           972,423         —           972,423   

Netherlands

     —           15,968,608         0         15,968,608   

New Zealand

     —           10,038,269         0         10,038,269   

 

MSF-109


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Norway

   $ —         $ 5,012,543      $ —         $ 5,012,543   

Philippines

     —           18,666        —           18,666   

Portugal

     —           2,772,980        0         2,772,980   

Singapore

     232,358         8,396,973        13,182         8,642,513   

Spain

     —           13,829,718        0         13,829,718   

Sweden

     92,645         22,751,356        —           22,844,001   

Switzerland

     844,885         36,082,295        —           36,927,180   

United Arab Emirates

     —           131,776        —           131,776   

United Kingdom

     —           110,839,640        75         110,839,715   

United States

     5,924         —          —           5,924   

Total Common Stocks

     52,497,574         611,394,445        1,073,340         664,965,359   

Total Preferred Stocks*

     —           1,208,861        —           1,208,861   
Rights           

Australia

     192         —          —           192   

Austria

     —           —          0         0   

Canada

     204         —          —           204   

Hong Kong

     879         —          —           879   

Israel

     4,437         —          —           4,437   

Netherlands

     121,629         —          —           121,629   

Singapore

     0         —          —           0   

Switzerland

     0         —          —           0   

United Kingdom

     —           —          744         744   

Total Rights

     127,341         —          744         128,085   

Total Warrant*

     2,565         —          —           2,565   
Short-Term Investments           

Mutual Fund

     113,321,344         —          —           113,321,344   

Repurchase Agreement

     —           1,571,201        —           1,571,201   

Total Short-Term Investments

     113,321,344         1,571,201        —           114,892,545   

Total Investments

   $ 165,948,824       $ 614,174,507      $ 1,074,084       $ 781,197,415   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (113,321,344   $ —         $ (113,321,344

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $440,502 were due to the application of a systematic fair valuation model factor. Transfers from Level 2 to Level 1 in the amount of $1,152,006 were due to the discontinuation 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,
2015
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases     Sales     Transfers
into
Level 3
    Transfers
out of
Level 3
    Balance
as of
March 31,
2016
    Change in
Unrealized
Appreciation/
(Depreciation)
from Investments

Still Held at
March 31,

2016
 
Common Stocks                  

Australia

  $ 48,048      $ (382,646   $ 345,234      $ 0      $ (2,745   $ 439,188      $      $ 447,079      $ (11,002

Austria

    428               (92                                 336        (92

Canada

    1,883               123                                    2,006        123   

Finland

    1,777               84                                    1,861        84   

France

    0               0                             0                 

Hong Kong

    50,660        (10,672     10,201               (10,228     33,226        (5,283     67,904        (423

Italy

    10,922               514                                    11,436        514   

Japan

                  (18,242                   547,703               529,461        (18,242

Netherlands

    0               0                                    0        0   

New Zealand

    0               0                                    0        0   

 

MSF-110


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Investments in

Securities

  Balance as of
December 31,
2015
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases     Sales     Transfers
into
Level 3
    Transfers
out of
Level 3
    Balance
as of
March 31,
2016
    Change in
Unrealized
Appreciation/
(Depreciation)
from Investments

Still Held at
March 31,

2016
 

Portugal

  $ 0      $      $ 0      $      $      $      $      $ 0      $ 0   

Singapore

    49,232               (2,924                          (33,126     13,182        (2,924

Spain

    0               0                                    0        0   

United Kingdom

    1,047,126        621,288        (573,153            (1,095,186                   75        50   
Rights                  

Austria

    0               0                                    0        0   

United Kingdom

    764               (20                                 744        (20
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 1,210,840      $ 227,970      $ (238,275   $      $ (1,108,159   $ 1,020,117      $ (38,409   $ 1,074,084      $ (31,932
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common stocks in the amount of $1,020,117 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 $38,409 were transferred out of Level 3 due to the resumption of trading activity which resulted in the availability of significant observable inputs.

 

MSF-111


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—59.4% of Net Assets

 

Security Description   Shares     Value  
Aerospace & Defense—2.0%  

Honeywell International, Inc.

    87,901      $ 9,849,307   

Lockheed Martin Corp.

    33,580        7,437,970   

Northrop Grumman Corp.

    22,042        4,362,112   

Raytheon Co.

    24,094        2,954,647   
   

 

 

 
      24,604,036   
   

 

 

 

Air Freight & Logistics—0.4%

  

C.H. Robinson Worldwide, Inc.

    7,280        540,394   

FedEx Corp.

    17,316        2,817,660   

XPO Logistics, Inc. (a) (b)

    45,040        1,382,728   
   

 

 

 
      4,740,782   
   

 

 

 

Airlines—0.1%

  

American Airlines Group, Inc.

    18,445        756,429   

Southwest Airlines Co.

    14,570        652,736   
   

 

 

 
      1,409,165   
   

 

 

 

Banks—2.8%

  

Bank of America Corp.

    876,300        11,847,576   

PNC Financial Services Group, Inc. (The)

    87,262        7,379,747   

Wells Fargo & Co.

    306,879        14,840,669   
   

 

 

 
      34,067,992   
   

 

 

 

Beverages—2.6%

  

Anheuser-Busch InBev S.A. (ADR)

    16,107        2,007,899   

Coca-Cola Co. (The)

    53,901        2,500,467   

Constellation Brands, Inc. - Class A

    18,760        2,834,448   

Dr Pepper Snapple Group, Inc.

    35,278        3,154,559   

Molson Coors Brewing Co. - Class B

    37,733        3,629,160   

Monster Beverage Corp. (a)

    50,593        6,748,094   

PepsiCo, Inc.

    116,414        11,930,107   
   

 

 

 
      32,804,734   
   

 

 

 

Biotechnology—0.9%

  

Alkermes plc (a)

    30,115        1,029,632   

Alnylam Pharmaceuticals, Inc. (a)

    4,677        293,575   

Anacor Pharmaceuticals, Inc. (a) (b)

    5,320        284,354   

Bluebird Bio, Inc. (a) (b)

    7,380        313,650   

Celgene Corp. (a)

    22,980        2,300,068   

Chiasma, Inc. (a)

    20,570        188,421   

Dicerna Pharmaceuticals, Inc. (a) (b)

    27,800        149,008   

GlycoMimetics, Inc. (a) (b)

    55,683        331,871   

Incyte Corp. (a) (b)

    18,180        1,317,504   

Ironwood Pharmaceuticals, Inc. (a) (b)

    74,300        812,842   

Karyopharm Therapeutics, Inc. (a)

    25,787        230,020   

Nivalis Therapeutics, Inc. (a) (b)

    28,240        117,761   

Novavax, Inc. (a) (b)

    76,050        392,418   

Otonomy, Inc. (a) (b)

    21,612        322,451   

PTC Therapeutics, Inc. (a) (b)

    23,090        148,700   

Regeneron Pharmaceuticals, Inc. (a)

    5,084        1,832,477   

Regulus Therapeutics, Inc. (a) (b)

    25,920        179,625   

Syndax Pharmaceuticals, Inc. (a) (b)

    20,000        266,400   

TESARO, Inc. (a) (b)

    13,490        593,965   

Trevena, Inc. (a) (b)

    58,243        481,670   
Biotechnology—(Continued)  

Voyager Therapeutics, Inc. (a) (b)

    4,100      35,793   
   

 

 

 
      11,622,205   
   

 

 

 

Building Products—0.3%

  

Fortune Brands Home & Security, Inc. (b)

    28,630        1,604,425   

Owens Corning

    33,060        1,563,077   
   

 

 

 
      3,167,502   
   

 

 

 

Capital Markets—0.7%

  

Ameriprise Financial, Inc.

    7,474        702,631   

BlackRock, Inc.

    4,885        1,663,684   

Goldman Sachs Group, Inc. (The)

    15,090        2,368,828   

Invesco, Ltd.

    42,202        1,298,555   

Northern Trust Corp.

    30,875        2,012,124   

Raymond James Financial, Inc.

    4,470        212,817   

WisdomTree Investments, Inc. (b)

    51,390        587,388   
   

 

 

 
      8,846,027   
   

 

 

 

Chemicals—1.3%

  

Cabot Corp.

    39,420        1,905,169   

Celanese Corp. - Series A

    44,251        2,898,440   

Dow Chemical Co. (The)

    48,610        2,472,305   

International Flavors & Fragrances, Inc. (b)

    22,150        2,520,005   

LyondellBasell Industries NV - Class A

    11,800        1,009,844   

Mosaic Co. (The) (b)

    40,690        1,098,630   

Sherwin-Williams Co. (The)

    13,536        3,853,293   
   

 

 

 
      15,757,686   
   

 

 

 

Commercial Services & Supplies—0.3%

  

Waste Management, Inc.

    58,896        3,474,864   
   

 

 

 

Communications Equipment—0.2%

  

Arista Networks, Inc. (a) (b)

    37,130        2,342,903   
   

 

 

 

Construction Materials—0.4%

  

CRH plc (ADR)

    47,510        1,338,832   

Martin Marietta Materials, Inc. (b)

    7,230        1,153,257   

Summit Materials, Inc. - Class A (a) (b)

    46,689        908,101   

Vulcan Materials Co.

    15,410        1,626,834   
   

 

 

 
      5,027,024   
   

 

 

 

Consumer Finance—1.3%

  

American Express Co.

    119,816        7,356,702   

Capital One Financial Corp.

    57,150        3,961,067   

Santander Consumer USA Holdings, Inc. (a)

    421,415        4,420,643   
   

 

 

 
      15,738,412   
   

 

 

 

Containers & Packaging—0.6%

  

Ball Corp. (b)

    52,809        3,764,754   

International Paper Co.

    64,655        2,653,441   

Owens-Illinois, Inc. (a)

    44,920        716,923   
   

 

 

 
      7,135,118   
   

 

 

 

 

MSF-112


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Financial Services—0.3%

  

Intercontinental Exchange, Inc.

    5,137      $ 1,207,914   

MarketAxess Holdings, Inc.

    4,930        615,412   

Markit, Ltd. (a)

    27,947        987,927   

MSCI, Inc.

    19,075        1,413,076   
   

 

 

 
      4,224,329   
   

 

 

 

Electric Utilities—2.0%

  

Avangrid, Inc.

    46,640        1,870,731   

Duke Energy Corp.

    32,899        2,654,291   

Edison International

    39,271        2,823,192   

Eversource Energy

    26,200        1,528,508   

Exelon Corp.

    69,070        2,476,850   

NextEra Energy, Inc.

    64,792        7,667,485   

PG&E Corp.

    52,207        3,117,802   

Pinnacle West Capital Corp.

    14,191        1,065,319   

Westar Energy, Inc.

    20,589        1,021,420   
   

 

 

 
      24,225,598   
   

 

 

 

Electrical Equipment—0.4%

  

AMETEK, Inc.

    48,690        2,433,526   

Eaton Corp. plc

    49,150        3,074,824   
   

 

 

 
      5,508,350   
   

 

 

 

Electronic Equipment, Instruments & Components—0.1%

  

National Instruments Corp. (b)

    28,000        843,080   
   

 

 

 

Energy Equipment & Services—0.4%

  

Baker Hughes, Inc.

    23,120        1,013,349   

Ensco plc - Class A (b)

    11,940        123,818   

Forum Energy Technologies, Inc. (a) (b)

    62,690        827,508   

Halliburton Co.

    35,360        1,263,059   

Patterson-UTI Energy, Inc. (b)

    42,672        751,881   

Tenaris S.A. (ADR)

    30,140        746,266   

Tesco Corp. (b)

    66,360        571,360   
   

 

 

 
      5,297,241   
   

 

 

 

Food & Staples Retailing—1.1%

  

Costco Wholesale Corp.

    24,933        3,928,942   

CVS Health Corp.

    47,800        4,958,294   

Walgreens Boots Alliance, Inc.

    49,819        4,196,753   
   

 

 

 
      13,083,989   
   

 

 

 

Food Products—0.8%

  

Mondelez International, Inc. - Class A

    189,110        7,587,093   

Post Holdings, Inc. (a) (b)

    32,440        2,230,899   
   

 

 

 
      9,817,992   
   

 

 

 

Gas Utilities—0.1%

  

UGI Corp.

    39,758        1,601,850   
   

 

 

 

Health Care Equipment & Supplies—2.6%

  

Abbott Laboratories

    30,431        1,272,929   

Baxter International, Inc.

    65,556        2,693,040   

Becton Dickinson & Co.

    19,666        2,985,692   
Health Care Equipment & Supplies—(Continued)  

Boston Scientific Corp. (a)

    224,080      4,214,945   

ConforMIS, Inc. (a) (b)

    45,600        490,200   

Medtronic plc

    178,287        13,371,525   

St. Jude Medical, Inc.

    54,260        2,984,300   

Stryker Corp.

    44,290        4,751,874   
   

 

 

 
      32,764,505   
   

 

 

 

Health Care Providers & Services—2.1%

  

Aetna, Inc.

    37,200        4,179,420   

Cardinal Health, Inc.

    26,224        2,149,057   

HCA Holdings, Inc. (a)

    59,600        4,651,780   

McKesson Corp.

    30,540        4,802,415   

UnitedHealth Group, Inc.

    76,958        9,919,886   
   

 

 

 
      25,702,558   
   

 

 

 

Hotels, Restaurants & Leisure—0.7%

  

Las Vegas Sands Corp. (b)

    20,520        1,060,473   

McDonald’s Corp.

    22,632        2,844,390   

Starbucks Corp.

    40,651        2,426,865   

Wingstop, Inc. (a)

    1,800        40,824   

Wyndham Worldwide Corp. (b)

    24,156        1,846,243   
   

 

 

 
      8,218,795   
   

 

 

 

Household Durables—0.5%

  

Mohawk Industries, Inc. (a)

    32,272        6,160,725   
   

 

 

 

Household Products—0.7%

  

Colgate-Palmolive Co.

    129,110        9,121,622   
   

 

 

 

Industrial Conglomerates—1.1%

  

Danaher Corp.

    112,890        10,708,746   

General Electric Co.

    77,494        2,463,534   
   

 

 

 
      13,172,280   
   

 

 

 

Insurance—3.1%

  

Aflac, Inc.

    32,359        2,043,147   

Allstate Corp. (The)

    11,670        786,208   

American International Group, Inc.

    159,630        8,628,002   

Assured Guaranty, Ltd.

    142,028        3,593,308   

Hartford Financial Services Group, Inc. (The)

    108,598        5,004,196   

Marsh & McLennan Cos., Inc.

    121,770        7,402,398   

Principal Financial Group, Inc.

    42,192        1,664,474   

Prudential Financial, Inc.

    49,744        3,592,512   

XL Group plc

    141,910        5,222,288   
   

 

 

 
      37,936,533   
   

 

 

 

Internet & Catalog Retail—1.8%

  

Amazon.com, Inc. (a)

    24,829        14,739,488   

Expedia, Inc. (b)

    20,510        2,211,388   

Priceline Group, Inc. (The) (a)

    3,937        5,074,635   
   

 

 

 
      22,025,511   
   

 

 

 

Internet Software & Services—2.5%

  

Alphabet, Inc. - Class A (a)

    26,634        20,319,079   

 

MSF-113


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  
Internet Software & Services—(Continued)  

Facebook, Inc. - Class A (a)

    92,500      $ 10,554,250   
   

 

 

 
      30,873,329   
   

 

 

 

IT Services—2.5%

  

Accenture plc - Class A

    38,841        4,482,251   

Alliance Data Systems Corp. (a)

    9,708        2,135,760   

Automatic Data Processing, Inc.

    41,261        3,701,524   

Cognizant Technology Solutions Corp. - Class A (a)

    31,781        1,992,669   

Genpact, Ltd. (a)

    137,870        3,748,685   

Global Payments, Inc. (b)

    56,956        3,719,227   

Visa, Inc. - Class A (b)

    126,874        9,703,324   

WEX, Inc. (a)

    23,236        1,936,953   
   

 

 

 
      31,420,393   
   

 

 

 

Life Sciences Tools & Services—0.2%

  

Thermo Fisher Scientific, Inc.

    21,589        3,056,787   
   

 

 

 

Machinery—0.7%

  

Illinois Tool Works, Inc.

    60,970        6,245,767   

Pentair plc (b)

    53,343        2,894,391   
   

 

 

 
      9,140,158   
   

 

 

 

Media—2.6%

  

Comcast Corp. - Class A

    204,380        12,483,530   

DreamWorks Animation SKG, Inc. - Class A (a) (b)

    68,410        1,706,830   

Interpublic Group of Cos., Inc. (The)

    80,355        1,844,147   

Time Warner Cable, Inc.

    49,700        10,169,614   

Twenty-First Century Fox, Inc. - Class A

    217,053        6,051,438   
   

 

 

 
      32,255,559   
   

 

 

 

Metals & Mining—0.1%

  

Reliance Steel & Aluminum Co.

    5,548        383,866   

Steel Dynamics, Inc.

    18,590        418,461   
   

 

 

 
      802,327   
   

 

 

 

Multi-Utilities—0.8%

  

Ameren Corp.

    35,214        1,764,221   

Dominion Resources, Inc.

    63,045        4,735,941   

Sempra Energy

    37,379        3,889,285   
   

 

 

 
      10,389,447   
   

 

 

 

Oil, Gas & Consumable Fuels—2.5%

  

Anadarko Petroleum Corp.

    14,643        681,925   

Cobalt International Energy, Inc. (a) (b)

    367,747        1,092,209   

ConocoPhillips

    44,770        1,802,888   

EOG Resources, Inc.

    23,850        1,731,033   

Hess Corp.

    11,730        617,584   

Marathon Petroleum Corp.

    45,520        1,692,434   

Newfield Exploration Co. (a)

    147,009        4,888,049   

Noble Energy, Inc.

    52,700        1,655,307   

ONEOK, Inc. (b)

    19,968        596,244   

PBF Energy, Inc. - Class A (b)

    76,787        2,549,328   
Oil, Gas & Consumable Fuels—(Continued)  

PDC Energy, Inc. (a) (b)

    34,980      2,079,561   

Pioneer Natural Resources Co. (b)

    46,836        6,591,699   

Spectra Energy Corp. (b)

    68,400        2,093,040   

TransCanada Corp. (b)

    40,760        1,602,276   

WPX Energy, Inc. (a) (b)

    165,886        1,159,543   
   

 

 

 
      30,833,120   
   

 

 

 

Paper & Forest Products—0.1%

  

Boise Cascade Co. (a)

    83,603        1,732,254   
   

 

 

 

Personal Products—0.7%

  

Coty, Inc. - Class A (b)

    76,977        2,142,270   

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

    63,475        5,986,327   
   

 

 

 
      8,128,597   
   

 

 

 

Pharmaceuticals—3.1%

  

Aerie Pharmaceuticals, Inc. (a) (b)

    16,870        205,139   

Allergan plc (a)

    31,290        8,386,659   

AstraZeneca plc (ADR) (b)

    114,071        3,212,239   

Bristol-Myers Squibb Co.

    121,920        7,788,250   

Eli Lilly & Co.

    48,060        3,460,801   

Johnson & Johnson

    55,630        6,019,166   

Merck & Co., Inc.

    129,661        6,860,363   

Mylan NV (a)

    58,530        2,712,865   

MyoKardia, Inc. (a) (b)

    25,300        270,963   
   

 

 

 
      38,916,445   
   

 

 

 

Professional Services—0.8%

  

Equifax, Inc.

    21,381        2,443,635   

ManpowerGroup, Inc.

    15,551        1,266,162   

Nielsen Holdings plc

    55,156        2,904,515   

TransUnion (a)

    124,290        3,431,647   
   

 

 

 
      10,045,959   
   

 

 

 

Real Estate Investment Trusts—2.0%

  

American Tower Corp.

    60,222        6,164,926   

AvalonBay Communities, Inc.

    36,628        6,966,646   

Public Storage

    20,694        5,708,026   

Simon Property Group, Inc.

    30,293        6,291,553   
   

 

 

 
      25,131,151   
   

 

 

 

Road & Rail—0.3%

  

Genesee & Wyoming, Inc. - Class A (a) (b)

    15,912        997,683   

Kansas City Southern (b)

    2,678        228,835   

Knight Transportation, Inc. (b)

    28,656        749,354   

Norfolk Southern Corp.

    8,790        731,768   

Swift Transportation Co. (a) (b)

    38,740        721,726   
   

 

 

 
      3,429,366   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.4%

  

Applied Materials, Inc.

    85,200        1,804,536   

Broadcom, Ltd.

    10,680        1,650,060   

Cavium, Inc. (a) (b)

    6,302        385,430   

First Solar, Inc. (a) (b)

    5,456        373,572   

 

MSF-114


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  
Semiconductors & Semiconductor Equipment—(Continued)  

Lam Research Corp.

    18,930      $ 1,563,618   

Linear Technology Corp.

    68,070        3,033,199   

M/A-COM Technology Solutions Holdings, Inc. (a) (b)

    9,270        405,933   

Microchip Technology, Inc. (b)

    41,470        1,998,854   

NXP Semiconductors NV (a)

    9,495        769,760   

ON Semiconductor Corp. (a)

    54,000        517,860   

Skyworks Solutions, Inc. (b)

    62,740        4,887,446   

SunEdison Semiconductor, Ltd. (a) (b)

    33,900        219,672   

SunPower Corp. (a) (b)

    6,525        145,769   
   

 

 

 
      17,755,709   
   

 

 

 

Software—2.3%

  

Adobe Systems, Inc. (a)

    33,950        3,184,510   

Electronic Arts, Inc. (a) (b)

    46,050        3,044,365   

Microsoft Corp.

    286,451        15,820,689   

Salesforce.com, Inc. (a)

    47,820        3,530,551   

ServiceNow, Inc. (a) (b)

    37,790        2,311,992   

SS&C Technologies Holdings, Inc. (b)

    16,270        1,031,843   
   

 

 

 
      28,923,950   
   

 

 

 

Specialty Retail—1.2%

  

Advance Auto Parts, Inc.

    44,812        7,185,156   

L Brands, Inc.

    25,949        2,278,582   

Ross Stores, Inc.

    8,324        481,959   

Signet Jewelers, Ltd.

    36,770        4,560,583   
   

 

 

 
      14,506,280   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.9%

  

Apple, Inc.

    195,211        21,276,047   

Pure Storage, Inc. - Class A (a) (b)

    205,115        2,808,024   
   

 

 

 
      24,084,071   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.1%

  

NIKE, Inc. - Class B

    130,383        8,014,643   

Ralph Lauren Corp. (b)

    6,920        666,119   

Under Armour, Inc. - Class A (a)

    34,258        2,906,106   

VF Corp.

    26,990        1,747,873   
   

 

 

 
      13,334,741   
   

 

 

 

Tobacco—0.9%

  

Altria Group, Inc.

    167,745        10,510,902   
   

 

 

 

Total Common Stocks
(Cost $675,015,942)

      735,713,953   
   

 

 

 
U.S. Treasury & Government Agencies—18.4%   

Agency Sponsored Mortgage - Backed—17.2%

  

Fannie Mae 15 Yr. Pool
2.500%, TBA (c)

    10,725,000        11,009,883   

3.000%, 07/01/28

    2,578,078        2,702,432   

3.000%, 10/01/30

    1,081,169        1,129,960   
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae 15 Yr. Pool
3.000%, 03/01/31

    1,632,761      1,706,506   

3.000%, TBA (c)

    6,228,000        6,505,340   

3.500%, 07/01/28

    386,163        412,620   

4.000%, 04/01/26

    66,746        71,341   

4.000%, 02/01/29

    1,784,460        1,907,345   

4.500%, 06/01/24

    397,885        425,034   

4.500%, 02/01/25

    121,038        128,976   

4.500%, 04/01/25

    18,222        19,660   

4.500%, 07/01/25

    88,391        94,838   

4.500%, 06/01/26

    1,766,699        1,900,864   

5.000%, TBA (c)

    500,000        515,850   

Fannie Mae 30 Yr. Pool
3.000%, 02/01/43

    1,022,979        1,054,674   

3.000%, 03/01/43

    2,979,343        3,063,926   

3.000%, 04/01/43

    2,306,478        2,372,257   

3.000%, 05/01/43

    3,842,765        3,954,610   

3.000%, 06/01/43

    387,036        398,876   

3.000%, TBA (c)

    30,800,000        31,594,061   

3.500%, 03/01/43

    77,987        82,067   

3.500%, 05/01/43

    145,674        153,356   

3.500%, 06/01/43

    566,704        598,299   

3.500%, 07/01/43

    891,557        940,683   

3.500%, 08/01/43

    1,436,968        1,516,837   

3.500%, 01/01/46

    1,191,489        1,250,614   

3.500%, 02/01/46

    1,482,989        1,556,581   

3.500%, TBA (c)

    9,325,000        9,777,044   

4.000%, 10/01/40

    1,437,129        1,539,994   

4.000%, 11/01/40

    567,368        607,904   

4.000%, 12/01/40

    426,054        456,496   

4.000%, 02/01/41

    209,254        224,214   

4.000%, 03/01/41

    501,394        537,176   

4.000%, 08/01/42

    245,248        263,485   

4.000%, 09/01/42

    458,158        492,334   

4.000%, 02/01/46

    798,884        856,372   

4.000%, TBA (c)

    1,700,000        1,816,344   

4.500%, 10/01/40

    1,331,348        1,452,849   

4.500%, 09/01/41

    122,169        133,404   

4.500%, 10/01/41

    601,364        654,962   

4.500%, 08/01/42

    181,446        197,689   

4.500%, 09/01/43

    3,194,297        3,478,584   

4.500%, 10/01/43

    398,597        434,593   

4.500%, 12/01/43

    400,285        436,297   

4.500%, 01/01/44

    893,461        981,444   

4.500%, TBA (c)

    3,800,000        4,134,875   

5.000%, 04/01/33

    6,452        7,172   

5.000%, 07/01/33

    18,758        20,838   

5.000%, 09/01/33

    294,132        326,928   

5.000%, 11/01/33

    74,025        82,273   

5.000%, 12/01/33

    29,634        32,939   

5.000%, 02/01/34

    12,971        14,417   

5.000%, 03/01/34

    6,272        6,972   

5.000%, 04/01/34

    6,052        6,726   

5.000%, 06/01/34

    5,453        6,049   

5.000%, 07/01/34

    89,200        99,080   

 

MSF-115


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae 30 Yr. Pool
5.000%, 10/01/34

    229,278      $ 254,861   

5.000%, 07/01/35

    152,767        169,754   

5.000%, 10/01/35

    170,711        189,729   

5.000%, 12/01/35

    133,851        148,687   

5.000%, 08/01/36

    122,300        135,766   

5.000%, 07/01/37

    65,498        72,807   

5.000%, 07/01/41

    116,848        129,720   

5.000%, 08/01/41

    74,067        82,213   

5.500%, 08/01/28

    29,838        33,439   

5.500%, 04/01/33

    77,400        87,542   

5.500%, 08/01/37

    471,052        533,092   

5.500%, 04/01/41

    41,512        46,750   

6.000%, 03/01/28

    3,898        4,442   

6.000%, 05/01/28

    11,423        13,016   

6.000%, 02/01/34

    311,691        361,071   

6.000%, 08/01/34

    168,699        195,033   

6.000%, 04/01/35

    1,403,414        1,625,725   

6.000%, 02/01/38

    108,919        125,134   

6.000%, 03/01/38

    40,133        46,207   

6.000%, 05/01/38

    130,444        150,404   

6.000%, 10/01/38

    37,928        43,503   

6.000%, 12/01/38

    46,225        53,199   

6.000%, TBA (c)

    1,000,000        1,140,498   

6.500%, 05/01/40

    937,137        1,084,228   

Fannie Mae ARM Pool
2.828%, 03/01/41 (d)

    165,317        174,975   

2.875%, 03/01/41 (d)

    107,273        113,493   

3.161%, 12/01/40 (d)

    230,338        240,498   

3.354%, 06/01/41 (d)

    304,960        320,606   

3.510%, 09/01/41 (d)

    200,298        212,059   

Fannie Mae Pool
2.440%, 01/01/23

    20,000        20,405   

2.690%, 04/01/25

    200,000        205,583   

2.780%, 02/01/27

    698,861        715,275   

3.000%, 10/01/23

    500,000        523,081   

3.000%, 02/01/31

    286,170        299,085   

3.160%, 12/01/26

    90,000        94,814   

3.210%, 05/01/23

    165,000        176,908   

3.240%, 12/01/26

    84,878        90,024   

3.340%, 04/01/24

    85,000        91,355   

3.355%, 01/01/27

    1,356,381        1,458,903   

3.450%, 01/01/24

    34,391        37,097   

3.470%, 01/01/24

    33,998        36,809   

3.650%, 08/01/23

    1,834,109        2,002,703   

3.670%, 08/01/23

    82,233        89,898   

3.700%, 10/01/23

    25,000        27,419   

3.760%, 03/01/24

    30,000        32,966   

3.780%, 10/01/23

    2,179,140        2,399,752   

3.810%, 11/01/23

    628,641        693,683   

3.855%, 12/01/25

    45,000        49,920   

3.860%, 11/01/23

    25,000        27,733   

3.870%, 10/01/25

    77,237        85,971   

3.890%, 05/01/30

    103,118        112,761   

3.930%, 10/01/23

    110,000        122,334   

3.960%, 05/01/34

    43,890        47,675   
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae Pool
3.970%, 05/01/29

    30,000      32,634   

4.060%, 10/01/28

    66,516        76,502   

Fannie Mae REMICS (CMO)
Zero Coupon, 03/25/36 (k)

    47,905        42,440   

Zero Coupon, 06/25/36 (f) (k)

    422,274        376,633   

1.725%, 04/25/55 (d) (e)

    1,561,370        99,199   

2.500%, 06/25/28 (e) (f)

    307,988        28,518   

3.000%, 01/25/28 (e) (f)

    2,021,503        194,333   

3.000%, 04/25/28 (e) (f)

    882,425        93,020   

3.500%, 05/25/30 (e) (f)

    467,331        53,889   

4.000%, 03/25/42 (e) (f)

    213,574        32,347   

4.000%, 11/25/42 (e) (f)

    123,501        20,917   

4.500%, 07/25/27 (e) (f)

    327,048        38,252   

5.456%, 05/25/42 (d) (e)

    196,955        23,569   

5.500%, 04/25/35 (f)

    538,659        603,021   

5.500%, 04/25/37

    230,966        261,230   

Fannie Mae-ACES (CMO)
2.319%, 01/25/22 (d) (e)

    1,627,280        149,476   

3.329%, 10/25/23 (d)

    505,000        538,873   

Freddie Mac 15 Yr. Gold Pool
3.000%, 07/01/28

    921,495        966,809   

3.000%, 08/01/29

    637,952        670,566   

3.000%, TBA (c)

    200,000        209,078   

3.500%, TBA (c)

    1,500,000        1,583,019   

Freddie Mac 20 Yr. Gold Pool
3.500%, 08/01/34

    1,329,057        1,400,602   

Freddie Mac 30 Yr. Gold Pool
3.000%, 03/01/43

    487,161        499,613   

3.000%, 04/01/43

    2,604,363        2,670,800   

3.000%, 08/01/43

    1,157,105        1,186,742   

3.000%, TBA (c)

    1,800,000        1,843,031   

3.500%, 04/01/42

    315,647        333,609   

3.500%, 08/01/42

    251,742        266,109   

3.500%, 09/01/42

    146,361        154,148   

3.500%, 11/01/42

    279,596        293,982   

3.500%, 04/01/43

    918,648        967,463   

3.500%, 12/01/43

    887,353        934,483   

3.500%, TBA (c)

    24,100,000        25,215,610   

4.000%, 05/01/42

    1,321,656        1,413,341   

4.000%, 08/01/42

    321,257        344,653   

4.000%, 09/01/42

    532,503        571,285   

4.000%, 07/01/44

    141,806        152,432   

4.000%, 01/01/46

    730,097        781,126   

4.000%, 02/01/46

    423,501        452,451   

4.000%, TBA (c)

    3,875,000        4,135,654   

4.500%, 09/01/43

    228,600        248,706   

4.500%, 11/01/43

    2,405,088        2,616,267   

4.500%, TBA (c)

    3,400,000        3,693,191   

5.500%, 07/01/33

    211,120        237,698   

5.500%, 04/01/39

    94,602        105,773   

5.500%, 06/01/41

    357,013        399,079   

Freddie Mac ARM Non-Gold Pool
3.000%, 02/01/41 (d)

    229,388        242,744   

 

MSF-116


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—(Continued)  

Freddie Mac Multifamily Structured Pass-Through Certificates (CMO)
1.490%, 06/25/22 (d) (e)

    1,902,553      $ 141,046   

1.537%, 12/25/18 (d) (e)

    3,128,102        110,655   

1.707%, 03/25/22 (d) (e)

    1,440,478        118,371   

1.765%, 05/25/19 (d) (e)

    2,408,169        111,045   

Freddie Mac REMICS (CMO)
Zero Coupon, 11/15/36 (k)

    56,179        50,788   

3.000%, 03/15/33 (e) (f)

    280,060        35,684   

4.000%, 07/15/27 (e) (f)

    1,201,185        129,194   

4.500%, 03/15/41

    286,837        341,234   

6.500%, 07/15/36 (f)

    354,849        404,716   

4.750%, 07/15/39 (f)

    1,005,407        1,102,278   

5.500%, 08/15/33

    111,889        124,791   

FREMF Mortgage Trust (CMO)
3.009%, 10/25/47 (144A) (d)

    770,000        767,161   

Ginnie Mae I 30 Yr. Pool
3.000%, 12/15/44

    27,432        28,455   

3.000%, 02/15/45

    98,236        101,698   

3.000%, 04/15/45

    1,384,613        1,433,402   

3.000%, 05/15/45

    1,902,905        1,969,957   

3.000%, 07/15/45

    47,834        49,519   

4.000%, 09/15/42

    1,427,261        1,530,389   

4.500%, 04/15/41

    1,203,478        1,312,834   

4.500%, 02/15/42

    2,411,869        2,628,214   

5.000%, 12/15/38

    80,907        90,060   

5.000%, 04/15/39

    1,725,254        1,915,432   

5.000%, 07/15/39

    171,150        190,534   

5.000%, 12/15/40

    231,619        257,855   

5.500%, 12/15/40

    745,018        835,933   

9.000%, 11/15/19

    2,567        2,578   

Ginnie Mae II 30 Yr. Pool
3.000%, 08/20/45

    290,736        301,563   

3.000%, 09/20/45

    2,335,424        2,422,401   

3.000%, TBA (c)

    4,175,000        4,324,794   

3.500%, TBA (c)

    2,700,000        2,853,563   

4.000%, TBA (c)

    5,977,000        6,386,680   

4.500%, TBA (c)

    600,000        644,156   

5.000%, 10/20/39

    40,273        44,606   

Government National Mortgage Association
0.905%, 02/16/53 (d) (e) (f)

    2,986,899        187,718   

Government National Mortgage Association (CMO) 4.000%, 05/16/42 (e) (f)

    154,076        21,955   

4.000%, 01/20/44 (e) (f)

    106,111        24,845   

4.000%, 11/20/44 (e) (f)

    1,564,927        309,767   

5.000%, 10/16/41 (e) (f)

    667,028        111,959   
   

 

 

 
      214,050,296   
   

 

 

 

U.S. Treasury—1.2%

  

U.S. Treasury Bonds
2.750%, 08/15/42 (b) (g)

    350,000        361,402   

3.000%, 11/15/44 (g) (h)

    595,000        642,065   

U.S. Treasury Floating Rate Notes
0.370%, 07/31/16 (d) (g) (h)

    4,100,000        4,100,365   

U.S. Treasury Inflation Indexed Notes
0.250%, 01/15/25 (g) (i)

    9,007,891        9,083,774   
U.S. Treasury—(Continued)  

U.S. Treasury Notes
0.625%, 12/31/16 (g)

    250,000      250,098   
   

 

 

 
      14,437,704   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $226,723,033)

      228,488,000   
   

 

 

 
Corporate Bonds & Notes—13.1%   

Advertising—0.0%

  

Lamar Media Corp.
5.750%, 02/01/26 (144A)

    20,000        21,000   

Omnicom Group, Inc.
3.600%, 04/15/26

    420,000        430,230   
   

 

 

 
      451,230   
   

 

 

 

Aerospace/Defense—0.1%

  

BAE Systems Holdings, Inc.
2.850%, 12/15/20 (144A)

    130,000        132,067   

Lockheed Martin Corp.
2.500%, 11/23/20

    265,000        271,429   

4.700%, 05/15/46

    380,000        424,890   

Triumph Group, Inc.
5.250%, 06/01/22

    160,000        144,000   
   

 

 

 
      972,386   
   

 

 

 

Agriculture—0.2%

  

BAT International Finance plc
2.750%, 06/15/20 (144A)

    490,000        503,902   

Imperial Brands Finance plc
2.050%, 07/20/18 (144A)

    200,000        200,536   

2.950%, 07/21/20 (144A)

    550,000        565,406   

3.750%, 07/21/22 (144A)

    310,000        323,641   

Reynolds American, Inc.
3.250%, 06/12/20

    517,000        540,656   
   

 

 

 
      2,134,141   
   

 

 

 

Apparel—0.0%

  

William Carter Co. (The)
5.250%, 08/15/21

    290,000        297,975   
   

 

 

 

Auto Manufacturers—0.6%

  

Daimler Finance North America LLC
1.650%, 03/02/18 (144A) (b)

    1,445,000        1,446,733   

Ford Motor Credit Co. LLC
1.461%, 03/27/17

    1,560,000        1,557,861   

2.240%, 06/15/18

    535,000        535,680   

3.200%, 01/15/21

    375,000        383,290   

4.207%, 04/15/16

    125,000        125,111   

4.250%, 02/03/17

    400,000        408,925   

General Motors Co.
6.600%, 04/01/36

    205,000        225,580   

6.750%, 04/01/46

    85,000        96,625   

 

MSF-117


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Auto Manufacturers—(Continued)  

General Motors Financial Co., Inc.
2.400%, 04/10/18

    575,000      $ 574,870   

3.500%, 07/10/19

    925,000        948,507   

4.750%, 08/15/17

    1,215,000        1,254,247   

5.250%, 03/01/26

    375,000        392,222   
   

 

 

 
      7,949,651   
   

 

 

 

Banks—4.3%

  

Banco Bilbao Vizcaya Argentaria S.A.
7.000%, 12/29/49 (EUR) (b) (d) (f)

    800,000        840,680   

9.000%, 05/29/49 (d)

    800,000        822,000   

Banco Santander S.A.
6.250%, 03/12/19 (EUR) (d)

    1,000,000        1,019,645   

Bank of America Corp.
3.950%, 04/21/25

    350,000        348,235   

4.000%, 04/01/24

    545,000        571,683   

4.000%, 01/22/25

    1,410,000        1,412,139   

4.125%, 01/22/24

    265,000        280,711   

6.050%, 05/16/16

    700,000        704,824   

7.750%, 05/14/38

    825,000        1,127,027   

Bank of Ireland
7.375%, 12/29/49 (EUR) (d) (f)

    450,000        491,573   

Bank of New York Mellon Corp. (The)
2.600%, 08/17/20

    425,000        435,226   

Bank of Nova Scotia (The)
4.500%, 12/16/25 (b)

    1,530,000        1,527,448   

Barclays Bank plc
6.050%, 12/04/17 (144A)

    1,985,000        2,092,641   

8.000%, 12/15/49 (EUR) (d)

    550,000        603,940   

Barclays plc
8.250%, 12/29/49 (d)

    600,000        598,782   

BNP Paribas S.A.
7.625%, 12/29/49 (144A) (d)

    390,000        392,145   

BPCE S.A.
5.150%, 07/21/24 (144A)

    1,000,000        1,021,426   

Capital One Financial Corp.
6.150%, 09/01/16

    1,185,000        1,209,054   

Capital One N.A.
1.650%, 02/05/18

    925,000        918,337   

2.350%, 08/17/18

    580,000        582,986   

CIT Group, Inc.
5.500%, 02/15/19 (144A)

    485,000        501,732   

Citigroup, Inc.
2.700%, 03/30/21

    295,000        297,151   

4.300%, 11/20/26

    675,000        671,746   

4.400%, 06/10/25

    500,000        509,856   

4.450%, 09/29/27

    2,140,000        2,153,362   

4.600%, 03/09/26

    215,000        220,447   

4.650%, 07/30/45

    80,000        83,779   

5.500%, 09/13/25

    1,165,000        1,274,870   

Cooperatieve Rabobank UA
5.500%, 01/22/49 (EUR) (d)

    200,000        219,146   

Credit Agricole S.A.
6.500%, 04/29/49 (EUR) (d)

    325,000        360,809   

8.125%, 09/19/33 (144A) (d)

    225,000        244,125   

8.125%, 12/29/49 (144A) (d)

    525,000        523,729   
Banks — (Continued)  

Credit Suisse Group AG
6.250%, 12/29/49 (144A) (d)

    1,695,000      1,556,515   

Credit Suisse Group Funding Guernsey, Ltd.
3.125%, 12/10/20 (144A)

    1,080,000        1,074,042   

Credit Suisse Group Guernsey, Ltd.
7.875%, 02/24/41 (d)

    250,000        253,250   

Goldman Sachs Group, Inc. (The)
2.600%, 04/23/20

    1,605,000        1,618,219   

2.750%, 09/15/20

    440,000        446,396   

2.875%, 02/25/21

    520,000        529,143   

4.750%, 10/21/45

    215,000        224,722   

5.150%, 05/22/45

    640,000        650,165   

6.250%, 02/01/41

    430,000        534,635   

6.750%, 10/01/37

    1,375,000        1,642,349   

HSBC Holdings plc
3.400%, 03/08/21

    765,000        780,677   

4.250%, 08/18/25

    1,100,000        1,086,658   

5.250%, 03/14/44

    280,000        283,983   

5.250%, 12/29/49 (EUR) (d)

    225,000        228,761   

6.800%, 06/01/38

    480,000        580,697   

HSBC USA, Inc.
2.750%, 08/07/20

    375,000        376,744   

Intesa Sanpaolo S.p.A.
5.710%, 01/15/26 (144A)

    790,000        766,694   

7.700%, 12/29/49 (144A) (d)

    650,000        597,187   

JPMorgan Chase & Co.
2.550%, 10/29/20

    530,000        537,139   

2.750%, 06/23/20

    830,000        849,961   

4.250%, 10/01/27

    1,490,000        1,549,794   

5.600%, 07/15/41

    125,000        153,489   

6.000%, 01/15/18

    455,000        490,015   

KBC Groep NV
5.625%, 03/29/49 (EUR) (b) (d)

    190,000        210,093   

LBI HF
6.100%, 08/25/11 (144A) (j)

    320,000        38,400   

Lloyds Banking Group plc
7.000%, 12/29/49 (GBP) (d)

    280,000        382,545   

Morgan Stanley
2.500%, 01/24/19

    455,000        462,947   

3.950%, 04/23/27

    315,000        315,333   

4.000%, 07/23/25

    280,000        292,778   

4.300%, 01/27/45

    320,000        321,997   

4.350%, 09/08/26

    270,000        277,852   

5.000%, 11/24/25

    707,000        765,128   

5.550%, 04/27/17

    1,350,000        1,407,618   

6.250%, 08/28/17

    555,000        589,711   

Royal Bank of Scotland Group plc
6.125%, 12/15/22

    360,000        381,876   

7.500%, 12/29/49 (d)

    720,000        669,600   

Santander Issuances S.A.U.
5.179%, 11/19/25

    2,400,000        2,319,242   

Societe Generale S.A.
8.250%, 09/29/49 (d)

    635,000        639,762   

SunTrust Banks, Inc.
3.500%, 01/20/17

    270,000        274,224   

 

MSF-118


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Banks — (Continued)  

UBS Group AG
5.750%, 12/29/49 (EUR) (d)

    250,000      $ 286,253   

7.000%, 12/29/49 (d)

    200,000        204,310   

Wells Fargo & Co.
2.600%, 07/22/20

    450,000        460,476   

4.900%, 11/17/45

    1,175,000        1,261,177   

5.606%, 01/15/44

    675,000        782,214   
   

 

 

 
      53,216,025   
   

 

 

 

Beverages—0.7%

  

Anheuser-Busch InBev Finance, Inc.
1.900%, 02/01/19

    840,000        851,995   

2.150%, 02/01/19

    175,000        178,828   

3.300%, 02/01/23

    2,620,000        2,723,812   

Anheuser-Busch InBev Finance, Inc.
4.700%, 02/01/36

    815,000        880,774   

4.900%, 02/01/46

    2,655,000        2,967,127   

Anheuser-Busch InBev Worldwide, Inc.
2.500%, 07/15/22

    290,000        292,421   

3.750%, 07/15/42

    405,000        384,774   
   

 

 

 
      8,279,731   
   

 

 

 

Biotechnology—0.0%

  

Celgene Corp.
4.625%, 05/15/44

    195,000        198,672   

Gilead Sciences, Inc.
3.250%, 09/01/22

    205,000        216,619   
   

 

 

 
      415,291   
   

 

 

 

Building Materials—0.1%

  

CRH America, Inc.
5.125%, 05/18/45 (144A)

    500,000        511,014   

Norbord, Inc.
6.250%, 04/15/23 (144A)

    220,000        216,700   

Standard Industries, Inc.
5.375%, 11/15/24 (144A)

    145,000        147,175   

6.000%, 10/15/25 (144A)

    220,000        232,650   

USG Corp.
5.500%, 03/01/25 (144A) (b)

    10,000        10,400   
   

 

 

 
      1,117,939   
   

 

 

 

Chemicals—0.1%

  

CF Industries, Inc.
4.950%, 06/01/43

    500,000        435,168   

5.150%, 03/15/34

    485,000        456,742   
   

 

 

 
      891,910   
   

 

 

 

Commercial Services—0.1%

  

ADT Corp. (The)
6.250%, 10/15/21 (b)

    190,000        190,950   

Cardtronics, Inc.
5.125%, 08/01/22

    220,000        217,250   
Commercial Services — (Continued)  

United Rentals North America, Inc.
4.625%, 07/15/23

    105,000      104,344   

5.500%, 07/15/25 (b)

    135,000        134,296   
   

 

 

 
      646,840   
   

 

 

 

Computers—0.1%

  

Apple, Inc.
3.450%, 02/09/45

    550,000        496,735   

Hewlett Packard Enterprise Co.
2.450%, 10/05/17 (144A)

    555,000        558,624   

NCR Corp.
4.625%, 02/15/21

    240,000        238,800   
   

 

 

 
      1,294,159   
   

 

 

 

Diversified Financial Services—0.3%

  

Aircastle, Ltd.
5.000%, 04/01/23

    25,000        25,125   

5.500%, 02/15/22

    50,000        52,156   

Intercontinental Exchange, Inc.
2.750%, 12/01/20

    435,000        444,150   

International Lease Finance Corp.
5.875%, 04/01/19

    615,000        649,594   

Navient Corp.
5.500%, 01/15/19

    520,000        510,900   

Synchrony Financial
2.600%, 01/15/19

    740,000        741,580   

Visa, Inc.
2.800%, 12/14/22

    510,000        531,864   

4.300%, 12/14/45

    590,000        645,465   
   

 

 

 
      3,600,834   
   

 

 

 

Electric—0.2%

  

AES Corp.
5.500%, 03/15/24 (b)

    325,000        317,687   

Duke Energy Carolinas LLC
4.250%, 12/15/41

    435,000        464,976   

Duke Energy Progress LLC
4.375%, 03/30/44

    320,000        347,972   

Electricite de France S.A.
4.950%, 10/13/45 (144A)

    650,000        670,150   

Exelon Corp.
2.850%, 06/15/20

    565,000        576,579   

NRG Energy, Inc.
6.250%, 07/15/22

    200,000        186,000   
   

 

 

 
      2,563,364   
   

 

 

 

Electrical Components & Equipment—0.0%

  

EnerSys
5.000%, 04/30/23 (144A)

    215,000        207,475   
   

 

 

 

Environmental Control—0.0%

  

Clean Harbors, Inc.
5.250%, 08/01/20

    210,000        215,229   
   

 

 

 

 

MSF-119


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Food—0.1%

  

Kraft Heinz Foods Co.
2.000%, 07/02/18 (144A)

    325,000      $ 328,007   

2.800%, 07/02/20 (144A)

    205,000        210,564   

Sysco Corp.
2.500%, 07/15/21

    430,000        434,995   
   

 

 

 
      973,566   
   

 

 

 

Forest Products & Paper—0.0%

  

Cascades, Inc.
5.500%, 07/15/22 (144A)

    70,000        67,331   

5.750%, 07/15/23 (144A)

    120,000        113,250   

Clearwater Paper Corp.
5.375%, 02/01/25 (144A)

    220,000        214,775   
   

 

 

 
      395,356   
   

 

 

 

Gas—0.0%

  

Southern Star Central Corp.
5.125%, 07/15/22 (144A)

    25,000        23,000   
   

 

 

 

Healthcare-Products—0.1%

  

Danaher Corp.
2.400%, 09/15/20

    110,000        113,568   

Hologic, Inc.
5.250%, 07/15/22 (144A)

    60,000        62,550   

Kinetic Concepts, Inc. / KCI USA, Inc.
7.875%, 02/15/21 (144A)

    190,000        200,925   

Medtronic, Inc.
4.375%, 03/15/35

    425,000        460,116   

Stryker Corp.
2.625%, 03/15/21

    390,000        397,694   

Zimmer Biomet Holdings, Inc.
1.450%, 04/01/17

    555,000        554,815   
   

 

 

 
      1,789,668   
   

 

 

 

Healthcare-Services—0.5%

  

Anthem, Inc.
2.300%, 07/15/18

    202,000        204,298   

3.500%, 08/15/24

    900,000        910,871   

4.625%, 05/15/42

    400,000        394,854   

CHS/Community Health Systems, Inc.
5.125%, 08/01/21

    250,000        253,125   

HCA, Inc.
6.500%, 02/15/20

    535,000        587,163   

MEDNAX, Inc.
5.250%, 12/01/23 (144A)

    40,000        41,600   

Tenet Healthcare Corp.
6.000%, 10/01/20

    460,000        489,900   

UnitedHealth Group, Inc.
1.700%, 02/15/19

    595,000        599,930   

2.125%, 03/15/21

    895,000        902,830   

3.350%, 07/15/22

    460,000        489,352   

3.750%, 07/15/25

    475,000        511,804   

4.750%, 07/15/45

    175,000        200,671   

WellCare Health Plans, Inc.
5.750%, 11/15/20

    110,000        113,850   
   

 

 

 
      5,700,248   
   

 

 

 

Holding Companies-Diversified—0.1%

  

Hutchison Whampoa International, Ltd.
2.000%, 11/08/17 (144A)

    1,050,000      1,054,936   
   

 

 

 

Home Builders—0.1%

  

CalAtlantic Group, Inc.
5.375%, 10/01/22

    240,000        245,400   

Lennar Corp.
4.500%, 06/15/19

    215,000        221,988   

Meritage Homes Corp.
6.000%, 06/01/25

    220,000        220,000   

PulteGroup, Inc.
4.250%, 03/01/21

    20,000        20,300   
   

 

 

 
      707,688   
   

 

 

 

Insurance—0.1%

  

American International Group, Inc.
4.700%, 07/10/35

    295,000        293,143   

CNO Financial Group, Inc.
4.500%, 05/30/20

    10,000        10,200   

5.250%, 05/30/25

    50,000        51,125   

Manulife Financial Corp.
4.150%, 03/04/26

    485,000        495,491   

Marsh & McLennan Cos., Inc.
3.500%, 03/10/25

    370,000        376,187   

Massachusetts Mutual Life Insurance Co.
8.875%, 06/01/39 (144A)

    325,000        471,145   

Radian Group, Inc.
7.000%, 03/15/21

    80,000        82,840   
   

 

 

 
      1,780,131   
   

 

 

 

Iron/Steel—0.1%

  

ArcelorMittal
6.250%, 08/05/20 (b)

    400,000        391,000   

Steel Dynamics, Inc.
5.125%, 10/01/21

    95,000        95,950   

5.500%, 10/01/24

    105,000        106,313   

United States Steel Corp.
6.875%, 04/01/21

    25,000        18,250   

7.375%, 04/01/20 (b)

    45,000        35,100   
   

 

 

 
      646,613   
   

 

 

 

Lodging—0.0%

  

Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.
5.375%, 03/15/22 (b)

    296,000        298,498   
   

 

 

 

Machinery-Construction & Mining—0.0%

  

Oshkosh Corp.
5.375%, 03/01/25

    120,000        120,900   
   

 

 

 

Machinery-Diversified—0.0%

  

Case New Holland Industrial, Inc.
7.875%, 12/01/17

    335,000        360,125   

CNH Industrial Capital LLC
3.375%, 07/15/19

    15,000        14,475   
   

 

 

 
      374,600   
   

 

 

 

 

MSF-120


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—1.3%

  

21st Century Fox America, Inc.
3.700%, 10/15/25 (b)

    385,000      $ 403,120   

6.150%, 03/01/37

    685,000        806,370   

CBS Corp.
4.000%, 01/15/26

    150,000        156,675   

CCO Holdings LLC / CCO Holdings Capital Corp.
5.125%, 02/15/23

    10,000        10,200   

5.250%, 09/30/22

    290,000        298,700   

5.750%, 09/01/23

    60,000        62,250   

CCO Safari LLC
3.579%, 07/23/20 (144A)

    620,000        633,539   

CCO Safari LLC
4.464%, 07/23/22 (144A)

    815,000        851,893   

4.908%, 07/23/25 (144A)

    890,000        938,786   

6.484%, 10/23/45 (144A)

    1,140,000        1,268,508   

Comcast Corp.
2.750%, 03/01/23

    655,000        676,856   

3.150%, 03/01/26

    1,550,000        1,613,798   

4.750%, 03/01/44

    240,000        270,713   

COX Communications, Inc.
3.250%, 12/15/22 (144A)

    190,000        183,228   

3.850%, 02/01/25 (144A) (b)

    355,000        342,444   

DISH DBS Corp.
7.875%, 09/01/19

    490,000        539,000   

Grupo Televisa S.A.B.
6.125%, 01/31/46

    360,000        381,600   

Liberty Interactive LLC
8.250%, 02/01/30

    385,000        394,625   

NBCUniversal Media LLC
5.150%, 04/30/20

    601,000        683,214   

Sky plc
2.625%, 09/16/19 (144A)

    480,000        484,981   

TEGNA, Inc.
4.875%, 09/15/21 (144A)

    225,000        231,750   

5.125%, 10/15/19

    360,000        375,840   

Time Warner Cable, Inc.
4.500%, 09/15/42

    325,000        288,505   

7.300%, 07/01/38

    500,000        586,499   

8.250%, 04/01/19

    626,000        728,774   

8.750%, 02/14/19

    759,000        888,705   

Time Warner, Inc.
3.600%, 07/15/25 (b)

    350,000        359,257   

4.850%, 07/15/45

    275,000        279,750   

6.500%, 11/15/36

    535,000        620,635   

Videotron, Ltd.
5.375%, 06/15/24 (144A)

    195,000        202,312   
   

 

 

 
      15,562,527   
   

 

 

 

Mining—0.0%

  

Rio Tinto Finance USA, Ltd.
3.750%, 06/15/25 (b)

    180,000        175,424   
   

 

 

 

Miscellaneous Manufacturing—0.1%

  

General Electric Co.
5.000%, 12/29/49 (d)

    710,000        731,300   
   

 

 

 

Oil & Gas—1.2%

  

Anadarko Petroleum Corp.
5.550%, 03/15/26

    635,000      640,591   

6.375%, 09/15/17

    425,000        445,389   

6.600%, 03/15/46

    640,000        653,386   

6.950%, 06/15/19

    75,000        81,179   

Antero Resources Corp.
5.625%, 06/01/23

    100,000        92,000   

BP Capital Markets plc
3.062%, 03/17/22

    125,000        127,394   

Cenovus Energy, Inc.
3.000%, 08/15/22

    130,000        115,584   

5.200%, 09/15/43

    455,000        371,525   

5.700%, 10/15/19

    1,142,000        1,146,018   

CNPC General Capital, Ltd.
1.450%, 04/16/16 (144A)

    1,300,000        1,300,000   

Concho Resources, Inc.
5.500%, 04/01/23

    75,000        73,500   

6.500%, 01/15/22

    65,000        64,838   

ConocoPhillips Co.
3.350%, 11/15/24 (b)

    300,000        289,811   

4.200%, 03/15/21

    500,000        522,157   

4.950%, 03/15/26

    475,000        495,872   

Continental Resources, Inc.
3.800%, 06/01/24

    5,000        3,950   

4.500%, 04/15/23

    10,000        8,363   

4.900%, 06/01/44

    5,000        3,725   

5.000%, 09/15/22

    45,000        38,784   

Ecopetrol S.A.
5.875%, 05/28/45

    585,000        460,512   

Encana Corp.
6.500%, 05/15/19

    710,000        708,438   

EOG Resources, Inc.
4.150%, 01/15/26 (b)

    225,000        233,967   

Exxon Mobil Corp.
2.222%, 03/01/21

    565,000        575,002   

2.726%, 03/01/23

    475,000        483,095   

3.043%, 03/01/26

    230,000        235,396   

Harvest Operations Corp.
6.875%, 10/01/17

    210,000        127,575   

Hess Corp.
5.600%, 02/15/41

    210,000        186,538   

6.000%, 01/15/40

    260,000        239,559   

Kerr-McGee Corp.
6.950%, 07/01/24

    480,000        508,061   

Marathon Oil Corp.
2.700%, 06/01/20

    595,000        504,919   

MEG Energy Corp.
7.000%, 03/31/24 (144A)

    136,000        80,240   

Noble Energy, Inc.
4.150%, 12/15/21

    320,000        319,451   

Petrobras Global Finance B.V.
5.375%, 10/01/29 (GBP) (f)

    420,000        374,254   

6.750%, 01/27/41

    595,000        427,805   

 

MSF-121


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

Petroleos Mexicanos
3.500%, 07/23/20

    180,000      $ 176,400   

5.500%, 02/04/19 (144A)

    380,000        398,050   

5.500%, 06/27/44

    625,000        519,313   

6.375%, 02/04/21 (144A)

    195,000        207,968   

Pioneer Natural Resources Co.
3.450%, 01/15/21

    65,000        64,657   

3.950%, 07/15/22

    120,000        121,856   

4.450%, 01/15/26

    330,000        332,595   

QEP Resources, Inc.
5.375%, 10/01/22

    5,000        4,388   

6.800%, 03/01/20 (f)

    15,000        13,969   

SM Energy Co.
6.125%, 11/15/22

    55,000        40,095   

Statoil ASA
3.700%, 03/01/24 (b)

    90,000        94,006   

3.950%, 05/15/43

    525,000        500,363   

Tesoro Corp.
5.125%, 04/01/24

    150,000        147,375   

Zhaikmunai LLP
7.125%, 11/13/19

    280,000        221,956   
   

 

 

 
      14,781,869   
   

 

 

 

Oil & Gas Services—0.0%

  

Halliburton Co.
2.700%, 11/15/20

    295,000        299,491   
   

 

 

 

Packaging & Containers—0.0%

  

Graphic Packaging International, Inc.
4.875%, 11/15/22

    220,000        223,300   

Owens-Brockway Glass Container, Inc.
5.875%, 08/15/23 (144A) (b)

    95,000        98,978   
   

 

 

 
      322,278   
   

 

 

 

Pharmaceuticals—0.4%

  

Actavis Funding SCS
2.350%, 03/12/18

    1,915,000        1,937,620   

3.000%, 03/12/20

    1,020,000        1,048,772   

Cardinal Health, Inc.
1.950%, 06/15/18

    265,000        266,238   

EMD Finance LLC
2.950%, 03/19/22 (144A)

    600,000        612,428   

Mylan NV
3.000%, 12/15/18 (144A)

    280,000        283,843   

3.750%, 12/15/20 (144A)

    325,000        332,528   

Perrigo Co. plc
1.300%, 11/08/16

    335,000        333,432   

Quintiles Transnational Corp.
4.875%, 05/15/23 (144A)

    85,000        87,202   
   

 

 

 
      4,902,063   
   

 

 

 

Pipelines—0.3%

  

DCP Midstream LLC
5.350%, 03/15/20 (144A)

    25,000        21,513   

9.750%, 03/15/19 (144A)

    30,000        28,687   

Pipelines—(Continued)

  

DCP Midstream Operating L.P.
2.700%, 04/01/19

    30,000      26,800   

3.875%, 03/15/23

    20,000        16,425   

4.950%, 04/01/22

    66,000        57,998   

5.600%, 04/01/44

    50,000        36,798   

Energy Transfer Equity L.P.
7.500%, 10/15/20

    390,000        375,375   

Energy Transfer Partners L.P.
4.750%, 01/15/26

    165,000        149,944   

Kinder Morgan Energy Partners L.P.
5.300%, 09/15/20

    135,000        140,637   

Kinder Morgan Energy Partners L.P.
6.500%, 04/01/20

    50,000        53,257   

6.850%, 02/15/20

    95,000        103,802   

Kinder Morgan, Inc.
5.050%, 02/15/46 (b)

    620,000        527,601   

Magellan Midstream Partners L.P.
5.000%, 03/01/26

    145,000        156,807   

MPLX L.P.
4.875%, 12/01/24 (144A)

    105,000        96,940   

4.875%, 06/01/25 (144A)

    100,000        91,183   

Regency Energy Partners L.P. / Regency Energy Finance Corp.
5.875%, 03/01/22

    200,000        194,298   

Sunoco Logistics Partners Operations L.P.
4.250%, 04/01/24

    300,000        275,388   

Tesoro Logistics L.P. / Tesoro Logistics Finance Corp.
5.500%, 10/15/19 (144A)

    130,000        129,350   

6.250%, 10/15/22 (144A) (b)

    200,000        198,000   

Williams Partners L.P.
3.600%, 03/15/22

    1,075,000        885,173   

4.300%, 03/04/24

    260,000        216,220   
   

 

 

 
      3,782,196   
   

 

 

 

Real Estate—0.1%

  

Prologis L.P.
3.350%, 02/01/21

    975,000        1,015,692   
   

 

 

 

Real Estate Investment Trusts—0.4%

  

American Tower Corp.
3.400%, 02/15/19

    385,000        394,679   

4.500%, 01/15/18

    425,000        442,849   

Brandywine Operating Partnership L.P.
3.950%, 02/15/23

    775,000        768,958   

Duke Realty L.P.
3.625%, 04/15/23

    420,000        422,260   

HCP, Inc.
4.000%, 06/01/25

    995,000        956,187   

Kimco Realty Corp.
3.125%, 06/01/23

    605,000        598,888   

3.400%, 11/01/22

    200,000        202,735   

Liberty Property L.P.
4.125%, 06/15/22

    525,000        546,756   

 

MSF-122


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Real Estate Investment Trusts—(Continued)

  

Ventas Realty L.P. / Ventas Capital Corp.
2.700%, 04/01/20

    465,000      $ 468,178   

Welltower, Inc.
4.500%, 01/15/24

    310,000        321,807   
   

 

 

 
      5,123,297   
   

 

 

 

Retail—0.2%

  

CVS Health Corp.
2.800%, 07/20/20

    750,000        778,390   

3.875%, 07/20/25

    365,000        393,881   

5.125%, 07/20/45

    710,000        822,267   

Group 1 Automotive, Inc.
5.000%, 06/01/22 (b)

    205,000        202,950   

McDonald’s Corp.
2.750%, 12/09/20

    230,000        238,217   

Sally Holdings LLC / Sally Capital, Inc.
5.625%, 12/01/25

    45,000        47,925   

5.750%, 06/01/22

    45,000        47,081   
   

 

 

 
      2,530,711   
   

 

 

 

Savings & Loans—0.1%

  

Nationwide Building Society
6.875%, 12/29/49 (GBP) (d)

    730,000        980,312   
   

 

 

 

Semiconductors—0.0%

  

NXP B.V. / NXP Funding LLC
4.625%, 06/15/22 (144A)

    200,000        205,250   

Sensata Technologies B.V.
5.000%, 10/01/25 (144A)

    180,000        181,350   

5.625%, 11/01/24 (144A)

    20,000        20,800   
   

 

 

 
      407,400   
   

 

 

 

Shipbuilding—0.0%

  

Huntington Ingalls Industries, Inc.
5.000%, 11/15/25 (144A)

    25,000        26,156   
   

 

 

 

Software—0.1%

  

Activision Blizzard, Inc.
5.625%, 09/15/21 (144A)

    420,000        441,525   

First Data Corp.
5.000%, 01/15/24 (144A)

    40,000        40,050   

5.375%, 08/15/23 (144A)

    215,000        220,375   

MSCI, Inc.
5.250%, 11/15/24 (144A)

    75,000        77,437   

5.750%, 08/15/25 (144A)

    65,000        68,413   

Open Text Corp.
5.625%, 01/15/23 (144A)

    80,000        81,600   
   

 

 

 
      929,400   
   

 

 

 

Telecommunications—0.8%

  

AT&T, Inc.
3.600%, 02/17/23

    570,000      592,159   

4.500%, 05/15/35

    195,000        192,289   

4.750%, 05/15/46

    560,000        546,256   

5.150%, 03/15/42

    439,000        442,491   

Cisco Systems, Inc.
2.200%, 02/28/21

    1,315,000        1,341,163   

CommScope, Inc.
4.375%, 06/15/20 (144A)

    135,000        138,712   

Digicel Group, Ltd.
7.125%, 04/01/22

    530,000        412,022   

Frontier Communications Corp.
10.500%, 09/15/22 (144A)

    65,000        66,625   

GTP Acquisition Partners LLC
3.482%, 06/15/50 (144A)

    1,355,000        1,373,292   

Inmarsat Finance plc
4.875%, 05/15/22 (144A)

    130,000        122,444   

Nokia Oyj
6.625%, 05/15/39

    200,000        208,000   

Sprint Communications, Inc.
7.000%, 03/01/20 (144A) (b)

    540,000        540,000   

T-Mobile USA, Inc.
6.731%, 04/28/22

    400,000        417,920   

Telecom Italia Capital S.A.
6.000%, 09/30/34

    20,000        19,011   

6.375%, 11/15/33

    5,000        4,925   

7.721%, 06/04/38

    15,000        15,722   

Verizon Communications, Inc.
4.400%, 11/01/34

    535,000        540,857   

4.672%, 03/15/55

    2,128,000        2,042,880   

5.012%, 08/21/54

    523,000        524,689   

Wind Acquisition Finance S.A.
4.750%, 07/15/20 (144A)

    200,000        189,000   
   

 

 

 
      9,730,457   
   

 

 

 

Transportation—0.1%

  

FedEx Corp.
3.250%, 04/01/26

    160,000        164,191   

4.550%, 04/01/46

    315,000        323,727   

Kansas City Southern
3.000%, 05/15/23 (144A)

    1,015,000        985,385   

Ryder System, Inc.
2.550%, 06/01/19

    260,000        260,496   

Union Pacific Corp.
2.750%, 03/01/26

    120,000        122,026   
   

 

 

 
      1,855,825   
   

 

 

 

Trucking & Leasing—0.1%

  

Penske Truck Leasing Co. L.P. / PTL Finance Corp.
4.875%, 07/11/22 (144A)

    1,180,000        1,259,976   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $163,496,706)

      162,535,758   
   

 

 

 

 

MSF-123


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—7.5%

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—2.7%

  

Adjustable Rate Mortgage Trust
0.696%, 01/25/36 (d)

    75,397      $ 61,240   

0.703%, 11/25/35 (d)

    466,927        420,188   

0.933%, 01/25/36 (d)

    336,904        287,587   

Banc of America Funding Trust
0.662%, 02/20/47 (d)

    1,616,457        1,318,426   

Bear Stearns Adjustable Rate Mortgage Trust
2.936%, 07/25/36 (d)

    728,200        623,990   

Bear Stearns ALT-A Trust
0.913%, 02/25/36 (d)

    953,417        764,365   

Bear Stearns Mortgage Funding Trust
0.613%, 10/25/36 (d)

    506,435        384,946   

0.633%, 02/25/37 (d)

    1,025,274        783,661   

CHL Mortgage Pass-Through Trust
2.682%, 03/20/36 (d)

    105,396        92,816   

Countrywide Alternative Loan Trust
0.703%, 01/25/36 (d)

    358,414        290,731   

0.756%, 11/25/35 (d)

    217,999        177,480   

0.833%, 10/25/36 (d)

    55,035        37,545   

1.233%, 12/25/35 (d)

    288,477        234,745   

5.500%, 11/25/35

    1,238,202        1,151,778   

5.500%, 12/25/35

    140,918        121,024   

5.750%, 05/25/36

    86,599        71,434   

6.000%, 12/25/36

    219,717        162,499   

Countrywide Home Loan Mortgage Pass-Through Trust
0.633%, 04/25/46 (d)

    444,333        338,409   

1.113%, 02/25/35 (d)

    232,327        199,718   

1.113%, 03/25/35 (d)

    254,006        202,707   

2.566%, 06/20/35 (d)

    36,583        35,076   

2.746%, 09/25/47 (d)

    936,918        836,568   

Deutsche ALT-A Securities Mortgage Loan Trust
0.583%, 12/25/36 (d)

    529,424        430,488   

DSLA Mortgage Loan Trust
1.242%, 03/19/46 (d)

    157,195        112,000   

Fannie Mae Connecticut Avenue Securities
3.033%, 05/25/24 (d)

    400,000        356,843   

3.333%, 07/25/24 (d)

    415,000        380,017   

3.433%, 07/25/24 (d)

    870,000        799,246   

4.433%, 05/25/25 (d)

    170,000        165,352   

5.333%, 11/25/24 (d)

    250,000        252,135   

Freddie Mac Structured Agency Credit Risk Debt Notes
2.083%, 04/25/24 (d)

    525,000        519,216   

2.283%, 10/25/27 (d)

    370,000        365,950   

2.833%, 10/25/24 (d)

    328,229        331,190   

2.833%, 01/25/25 (d)

    525,000        531,700   

2.933%, 08/25/24 (d)

    650,000        657,115   

3.033%, 12/25/27 (d)

    1,870,000        1,870,586   

3.083%, 03/25/28 (d)

    1,000,000        998,749   

3.283%, 04/25/28 (d)

    1,941,000        1,954,083   

GSR Mortgage Loan Trust
0.736%, 01/25/37 (d)

    1,032,946        636,942   

0.933%, 11/25/35 (d)

    693,618        463,034   

2.910%, 01/25/36 (d)

    1,028,822        939,977   

6.000%, 07/25/37

    517,808        465,174   
Collateralized Mortgage Obligations—(Continued)  

HarborView Mortgage Loan Trust
1.132%, 01/19/35 (d) (f)

    113,866      74,626   

IndyMac INDX Mortgage Loan Trust
2.916%, 10/25/35 (d)

    101,117        85,497   

JPMorgan Mortgage Trust
2.760%, 05/25/36 (d)

    62,273        54,879   

Lehman XS Trust
0.623%, 11/25/46 (d) (f)

    1,060,694        817,288   

0.673%, 06/25/47 (d)

    985,068        653,568   

LSTAR Securities Investment Trust
2.426%, 01/01/20 (144A) (d)

    1,288,457        1,269,367   

2.426%, 04/01/20 (144A) (d)

    1,817,612        1,763,084   

2.439%, 10/01/20 (144A) (d)

    1,511,168        1,481,372   

Luminent Mortgage Trust
0.633%, 10/25/46 (d)

    165,552        139,127   

0.693%, 11/25/35 (d)

    85,083        75,697   

MASTR Adjustable Rate Mortgages Trust
0.673%, 05/25/37 (d)

    167,895        103,208   

2.338%, 09/25/33 (d)

    164,911        155,479   

Morgan Stanley Mortgage Loan Trust
2.964%, 05/25/36 (d)

    555,102        392,891   

Nomura Asset Acceptance Corp. Alternative Loan Trust
3.560%, 06/25/36 (d)

    85,630        63,313   

Residential Accredit Loans, Inc. Trust
0.653%, 02/25/46 (d)

    487,029        196,642   

0.733%, 04/25/36 (d)

    809,627        535,118   

1.151%, 09/25/46 (d)

    666,815        459,881   

6.000%, 12/25/35

    470,587        402,378   

Residential Asset Securitization Trust
0.883%, 03/25/35 (d)

    380,286        293,366   

RFMSI Trust
2.908%, 08/25/35 (d)

    139,176        103,436   

Structured Adjustable Rate Mortgage Loan Trust
0.733%, 09/25/34 (d)

    108,971        93,548   

Structured Asset Mortgage Investments Trust
0.663%, 02/25/36 (d)

    187,273        140,547   

Towd Point Mortgage Trust
2.750%, 02/25/55 144A

    400,000        399,520   

WaMu Mortgage Pass-Through Certificates Trust
0.853%, 06/25/44 (d)

    182,239        161,995   

1.142%, 12/25/46 (d)

    136,518        105,130   

1.331%, 07/25/46 (d)

    118,158        94,428   

2.155%, 11/25/46 (d)

    115,963        102,271   

2.211%, 06/25/37 (d)

    61,091        51,664   

Washington Mutual Mortgage Pass-Through Certificates
1.033%, 07/25/36 (d)

    172,771        95,587   

Wells Fargo Alternative Loan Trust
2.744%, 12/28/37 (d)

    36,577        30,513   

Wells Fargo Mortgage-Backed Securities Trust
2.736%, 10/25/36 (d)

    497,822        454,501   

2.757%, 10/25/35 (d)

    1,541,000        1,463,955   
   

 

 

 
      33,140,606   
   

 

 

 

 

MSF-124


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—4.8%

  

Banc of America Commercial Mortgage Trust
3.117%, 09/15/48 (144A) (d)

    548,000      $ 340,996   

3.705%, 09/15/48

    95,000        101,477   

5.492%, 02/10/51

    620,782        641,812   

BB-UBS Trust
3.430%, 11/05/36 (144A)

    2,520,000        2,571,100   

Bear Stearns Commercial Mortgage Securities Trust
5.142%, 10/12/42 (d)

    145,000        143,346   

5.694%, 06/11/50 (d)

    643,474        667,891   

5.728%, 04/12/38 (d)

    54,107        54,085   

CD Mortgage Trust
6.119%, 11/15/44 (d)

    80,000        84,179   

Citigroup Commercial Mortgage Trust
1.129%, 07/10/47 (d) (e)

    4,613,992        300,824   

1.173%, 04/10/48 (d) (e)

    5,057,842        365,225   

2.935%, 04/10/48

    85,000        85,601   

3.110%, 04/10/48 (144A)

    580,000        370,023   

3.192%, 04/10/48

    125,000        128,222   

3.622%, 07/10/47

    285,100        303,292   

3.762%, 06/10/48

    295,000        315,866   

3.818%, 11/10/48

    220,000        237,025   

4.023%, 03/10/47

    655,000        715,295   

4.400%, 03/10/47 (144A) (d) (l)

    130,000        91,768   

6.137%, 12/10/49 (d)

    440,000        448,944   

COBALT CMBS Commercial Mortgage Trust
5.254%, 08/15/48

    140,000        139,025   

Commercial Mortgage Pass-Through Certificates Mortgage Trust
1.006%, 02/10/47 (d) (e)

    3,883,774        147,068   

1.929%, 10/15/45 (d) (e)

    456,123        37,584   

2.853%, 10/15/45

    225,000        232,217   

3.101%, 03/10/46

    145,000        150,878   

3.183%, 02/10/48

    145,000        149,865   

3.213%, 03/10/46

    280,000        293,304   

3.350%, 02/10/48

    320,000        332,847   

3.424%, 03/10/31 (144A)

    1,065,000        1,119,541   

3.463%, 08/10/55 (d)

    235,000        159,462   

3.472%, 10/10/48 (144A) (d)

    475,000        330,872   

3.497%, 05/10/48

    350,000        368,528   

3.528%, 12/10/47

    375,000        397,839   

3.612%, 06/10/46 (d)

    245,000        262,649   

3.612%, 10/10/48

    335,000        355,446   

3.620%, 07/10/50

    130,000        137,936   

3.694%, 08/10/47

    395,000        419,888   

3.696%, 08/10/55

    385,000        411,484   

3.796%, 08/10/47

    85,000        91,851   

3.961%, 03/10/47

    30,000        32,482   

4.074%, 02/10/47 (d)

    115,000        126,585   

4.231%, 07/10/45 (d)

    680,134        760,953   

4.236%, 02/10/47 (d)

    100,000        111,414   

4.573%, 10/15/45 (144A) (d) (l)

    165,000        117,203   

4.750%, 10/15/45 (144A) (d) (l)

    220,000        180,006   

6.095%, 12/10/49 (d)

    1,246,695        1,302,142   

Commercial Mortgage Trust
3.902%, 07/10/50

    210,000        227,180   

4.210%, 08/10/46 (d)

    175,000        194,907   
Commercial Mortgage-Backed Securities—(Continued)  

Credit Suisse Commercial Mortgage Trust
5.699%, 06/15/39 (d)

    232,760      238,013   

Credit Suisse First Boston Mortgage Securities Corp.
4.771%, 07/15/37

    5,727        5,723   

CSAIL Commercial Mortgage Trust
0.898%, 06/15/57 (d) (e)

    13,396,193        742,572   

1.065%, 11/15/48 (d) (e)

    1,164,488        78,189   

3.361%, 08/15/48 (d)

    405,000        284,252   

3.718%, 08/15/48

    1,553,000        1,656,631   

3.808%, 11/15/48

    355,000        380,400   

FREMF Mortgage Trust
5.249%, 09/25/43 (144A) (d)

    855,000        930,104   

GE Commercial Mortgage Corp. Trust
5.606%, 12/10/49 (d)

    185,000        182,851   

GS Mortgage Securities Corp.
2.954%, 11/05/34 (144A)

    1,200,000        1,221,742   

GS Mortgage Securities Corp. II
3.382%, 05/10/50

    510,000        530,665   

GS Mortgage Securities Corp. Trust
3.633%, 06/05/31 (144A)

    130,000        132,594   

GS Mortgage Securities Trust
0.271%, 07/10/46 (d) (e)

    12,805,986        101,772   

1.616%, 08/10/44 (144A) (d) (e)

    1,528,323        61,256   

3.268%, 11/10/48

    220,042        160,413   

3.582%, 06/10/47 (144A) (l)

    195,000        116,173   

3.674%, 04/10/47 (144A)

    235,000        173,919   

3.862%, 06/10/47

    1,015,000        1,096,388   

3.998%, 04/10/47

    520,000        565,950   

4.074%, 01/10/47

    315,000        344,351   

4.511%, 11/10/47 (144A) (d)

    205,000        157,420   

4.867%, 04/10/47 (144A) (d) (l)

    585,000        455,437   

Hilton USA Trust
2.662%, 11/05/30 (144A)

    1,055,000        1,056,388   

3.191%, 11/05/30 (144A) (d)

    231,212        230,029   

JPMBB Commercial Mortgage Securities Trust
0.872%, 09/15/47 (d) (e)

    4,794,367        197,246   

3.179%, 02/15/48

    350,033        359,288   

3.598%, 11/15/48

    335,000        353,502   

3.611%, 05/15/48

    150,000        158,605   

3.740%, 10/15/48 (144A) (d)

    220,000        154,921   

3.775%, 08/15/47

    600,000        645,526   

3.997%, 04/15/47

    570,000        622,979   

4.199%, 01/15/47

    1,280,000        1,420,316   

JPMorgan Chase Commercial Mortgage Securities Corp.
2.840%, 12/15/47

    675,000        694,789   

4.420%, 12/15/47 (144A) (d) (l)

    245,000        193,069   

JPMorgan Chase Commercial Mortgage Securities Trust
1.938%, 02/12/51 (d)

    1,689,523        1,625,563   

2.733%, 10/15/45 (144A) (d) (l)

    400,000        241,760   

3.905%, 05/05/30 (144A)

    890,605        946,299   

4.000%, 08/15/46 (144A) (d) (l)

    105,000        90,343   

4.659%, 10/15/45 (144A) (d)

    180,000        168,951   

5.336%, 05/15/47

    1,383,950        1,404,951   

 

MSF-125


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

JPMorgan Chase Commercial Mortgage Securities Trust
5.399%, 05/15/45

    366,408      $ 367,042   

5.716%, 02/15/51

    259,037        267,785   

6.068%, 02/12/51

    724,753        755,503   

LB-UBS Commercial Mortgage Trust
6.084%, 04/15/41 (d)

    405,592        428,760   

ML-CFC Commercial Mortgage Trust
5.419%, 08/12/48

    340,000        343,728   

5.700%, 09/12/49

    1,564,640        1,622,224   

Morgan Stanley Bank of America Merrill Lynch Trust
1.130%, 10/15/48 (d) (e)

    917,981        69,083   

1.158%, 12/15/47 (d) (e)

    2,956,567        183,295   

2.918%, 02/15/46

    130,000        133,282   

3.060%, 10/15/48 (144A)

    360,000        234,932   

3.134%, 12/15/48

    315,000        326,708   

3.176%, 08/15/45

    245,000        256,163   

3.526%, 12/15/47

    275,166        290,251   

4.064%, 02/15/47

    1,295,000        1,418,802   

4.500%, 08/15/45 (144A) (l)

    250,000        174,424   

Morgan Stanley Capital Trust
5.179%, 07/15/49 (144A) (d) (l)

    265,000        223,999   

5.332%, 10/12/52 (144A) (d)

    135,000        126,035   

5.569%, 12/15/44

    977,620        1,015,496   

5.692%, 04/15/49 (d)

    2,185,000        2,237,296   

6.268%, 01/11/43 (144A) (d)

    175,000        168,030   

Morgan Stanley Re-REMIC Trust
5.794%, 08/12/45 (144A) (d)

    199,595        204,278   

5.794%, 08/15/45 (144A) (d)

    1,035,032        1,058,392   

SFAVE Commercial Mortgage Securities Trust
3.872%, 01/05/43 (144A) (d)

    250,000        243,392   

4.144%, 01/05/43 (144A) (d)

    515,000        506,592   

UBS-Barclays Commercial Mortgage Trust
3.091%, 08/10/49

    355,000        368,589   

3.185%, 03/10/46

    735,000        762,594   

3.244%, 04/10/46

    160,119        166,705   

4.089%, 03/10/46 (144A) (d) (l)

    155,000        121,083   

VNDO Mortgage Trust
2.996%, 11/15/30 (144A)

    1,105,000        1,132,835   

Wells Fargo Commercial Mortgage Trust
1.192%, 09/15/57 (d) (e)

    8,495,687        602,273   

1.204%, 05/15/48 (d) (e)

    3,947,254        289,250   

2.881%, 05/15/48 (144A) (d)

    510,000        300,543   

2.918%, 10/15/45

    320,000        330,404   

3.356%, 09/15/58 (144A) (l)

    245,000        136,733   

3.817%, 08/15/50

    520,000        560,507   

3.839%, 09/15/58

    185,000        199,326   

3.957%, 12/15/47 (144A) (d)

    72,000        50,516   

4.105%, 05/15/48 (d)

    125,000        93,248   

4.225%, 06/15/48 (d)

    150,000        109,523   

WF-RBS Commercial Mortgage Trust
1.416%, 03/15/47 (d) (e)

    2,433,526        164,978   

2.870%, 11/15/45

    400,000        411,601   

2.875%, 12/15/45

    175,000        179,961   

3.016%, 11/15/47 (144A) (l)

    550,000        326,414   
Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

WF-RBS Commercial Mortgage Trust
3.071%, 03/15/45

    185,000      192,199   

3.631%, 11/15/47

    170,000        180,680   

3.678%, 08/15/47

    840,000        897,272   

3.995%, 05/15/47

    160,281        174,777   

4.101%, 03/15/47

    845,000        927,905   

4.353%, 03/15/48 (144A) (d)

    55,000        48,530   

4.902%, 06/15/44 (144A) (d)

    650,000        730,954   

5.000%, 06/15/44 (144A) (d) (l)

    105,000        89,719   

5.000%, 04/15/45 (144A) (d) (l)

    130,000        103,332   

5.561%, 04/15/45 (144A) (d)

    255,000        253,530   
   

 

 

 
      59,300,940   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $93,011,898)

      92,441,546   
   

 

 

 
Asset-Backed Securities—6.9%   

Asset-Backed - Automobile—0.5%

  

AmeriCredit Automobile Receivables Trust
2.290%, 11/08/19

    100,000        100,526   

2.720%, 09/09/19

    620,000        626,619   

3.310%, 10/08/19

    245,000        249,744   

Credit Acceptance Auto Loan Trust
1.550%, 10/15/21 (144A)

    690,000        688,407   

First Investors Auto Owner Trust
1.810%, 10/15/18 (144A)

    195,000        194,943   

2.390%, 11/16/20 (144A)

    285,000        283,856   

Flagship Credit Auto Trust
1.210%, 04/15/19 (144A)

    116,665        116,139   

GM Financial Automobile Leasing Trust
1.960%, 03/20/18 (144A)

    200,000        199,742   

Santander Drive Auto Receivables Trust
2.360%, 04/15/20

    785,000        787,529   

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

    300,000        303,807   

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

    195,000        198,717   

4.670%, 01/15/20 (144A)

    1,085,000        1,102,142   

Westlake Automobile Receivables Trust
1.580%, 04/15/20 (144A)

    1,335,000        1,334,161   
   

 

 

 
      6,186,332   
   

 

 

 

Asset-Backed - Home Equity—0.3%

  

GSAA Home Equity Trust
0.483%, 12/25/46 (d) (f)

    127,777        79,871   

0.503%, 12/25/46 (d) (f)

    402,716        197,902   

0.533%, 03/25/37 (d) (f)

    880,852        441,510   

0.653%, 05/25/47 (d) (f)

    30,052        20,849   

0.663%, 04/25/47 (d) (f)

    284,300        172,251   

0.673%, 11/25/36 (d) (f)

    371,709        211,335   

0.733%, 03/25/36 (d) (f)

    1,661,748        1,098,839   

5.876%, 09/25/36 (f)

    175,083        90,767   

5.985%, 06/25/36 (d) (f)

    669,416        331,825   

Morgan Stanley ABS Capital, Inc. Trust
0.583%, 06/25/36 (d) (f)

    77,022        66,217   

 

MSF-126


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Home Equity—(Continued)

  

Renaissance Home Equity Loan Trust
5.909%, 04/25/37 (f)

    684,306      $ 339,178   

6.120%, 11/25/36 (f)

    266,894        148,035   

Soundview Home Loan Trust
0.683%, 11/25/36 (d) (f)

    595,000        391,311   
   

 

 

 
      3,589,890   
   

 

 

 

Asset-Backed - Other—6.1%

  

AMMC CLO, Ltd.
2.069%, 07/27/26 (144A) (d)

    1,340,000        1,320,589   

Apidos CLO
2.070%, 01/19/25 (144A) (d)

    895,000        887,308   

2.120%, 04/17/26 (144A) (d)

    1,595,000        1,589,105   

2.170%, 01/16/27 (144A) (d)

    480,000        476,339   

2.472%, 07/15/23 (144A) (d)

    465,000        446,162   

Ares CLO, Ltd.
1.474%, 04/20/23 (144A) (d)

    1,008,871        995,380   

2.140%, 04/17/26 (144A) (d)

    1,475,000        1,456,545   

Atlas Senior Loan Fund, Ltd.
2.162%, 10/15/26 (144A) (d)

    1,190,000        1,181,108   

2.170%, 07/16/26 (144A) (d)

    615,000        610,389   

Atrium CDO Corp.
2.071%, 11/16/22 (144A) (d)

    550,000        544,873   

Avery Point CLO, Ltd.
2.139%, 04/25/26 (144A) (d)

    1,460,000        1,455,046   

Babson CLO, Ltd.
2.114%, 07/20/25 (144A) (d)

    340,000        337,330   

Battalion CLO, Ltd.
2.021%, 10/22/25 (144A) (d)

    615,000        609,077   

Benefit Street Partners CLO, Ltd.
1.822%, 07/15/24 (144A) (d)

    320,000        314,095   

Carlyle Global Market Strategies CLO, Ltd.
2.091%, 04/27/27 (144A) (d)

    1,425,000        1,412,578   

Cent CLO, Ltd.
1.916%, 01/30/25 (144A) (d)

    1,135,000        1,122,289   

2.100%, 11/07/26 (144A) (d)

    760,000        751,499   

2.110%, 04/17/26 (144A) (d)

    1,345,000        1,337,098   

2.111%, 07/27/26 (144A) (d)

    940,000        930,337   

2.670%, 04/17/26 (144A) (d)

    530,000        513,310   

CIFC Funding, Ltd.
2.105%, 05/24/26 (144A) (d)

    1,580,000        1,566,660   

2.120%, 04/18/25 (144A) (d)

    1,585,000        1,574,276   

2.409%, 08/14/24 (144A) (d)

    985,000        967,333   

3.336%, 12/05/24 (144A) (d)

    950,000        924,390   

Consumer Credit Origination Loan Trust
2.820%, 03/15/21 (144A) (l)

    156,029        156,073   

Dryden Senior Loan Fund
2.047%, 07/15/27 (144A) (d)

    1,215,000        1,204,108   

2.102%, 07/15/26 (144A) (d)

    1,605,000        1,592,722   

Finance America Mortgage Loan Trust
1.483%, 09/25/33 (d) (f)

    108,587        99,108   

Flatiron CLO, Ltd.
2.520%, 07/17/26 (144A) (d)

    330,000        309,128   

Ford Credit Floorplan Master Owner Trust
1.400%, 02/15/19

    230,000        229,061   

2.860%, 01/15/19

    139,000        140,228   

3.500%, 01/15/19

    265,000        268,432   

Asset-Backed - Other—(Continued)

  

Fremont Home Loan Trust
1.483%, 12/25/33 (d) (f)

    101,130      95,671   

Galaxy XV CLO, Ltd.
1.872%, 04/15/25 (144A) (d)

    400,000        395,445   

GMACM Home Equity Loan Trust
0.936%, 10/25/34 (144A) (d)

    112,554        102,881   

Green Tree Agency Advance Funding Trust
3.095%, 10/15/48 (144A)

    705,000        705,635   

Highbridge Loan Management, Ltd.
2.071%, 05/05/27 (144A) (d)

    895,000        883,751   

KKR Financial CLO, Ltd.
1.772%, 07/15/25 (144A) (d)

    565,000        553,337   

Knollwood CDO, Ltd.
3.820%, 01/10/39 (144A) (d)

    582,993        6   

Lehman XS Trust
0.693%, 11/25/35 (d) (f)

    251,996        167,786   

Limerock CLO, Ltd.
2.121%, 04/18/26 (144A) (d)

    1,590,000        1,571,637   

Madison Park Funding, Ltd.
1.899%, 10/23/25 (144A) (d)

    1,341,165        1,327,195   

2.124%, 07/20/26 (144A) (d)

    1,485,000        1,477,496   

Magnetite CLO, Ltd.
5.122%, 01/15/25 (144A) (d) (l)

    1,125,000        1,072,533   

Magnetite, Ltd.
2.039%, 07/25/26 (144A) (d)

    1,255,000        1,245,640   

2.102%, 04/15/26 (144A) (d)

    970,000        967,331   

2.122%, 04/15/27 (144A) (d)

    955,000        948,881   

2.569%, 07/25/26 (144A) (d)

    1,010,000        985,298   

Nationstar HECM Loan Trust
2.981%, 02/25/26 (144A)

    746,569        746,644   

Neuberger Berman CLO, Ltd.
2.089%, 08/04/25 (144A) (d)

    1,230,000        1,215,727   

2.092%, 04/15/26 (144A) (d)

    1,170,000        1,164,152   

NRZ Advance Receivables Trust Advance Receivables Backed
3.302%, 08/17/48 (144A)

    3,710,000        3,729,607   

Oak Hill Credit Partners, Ltd.
2.094%, 07/20/26 (144A) (d)

    455,000        451,122   

Oaktree EIF, Ltd.
2.167%, 02/15/26 (144A) (d)

    1,345,000        1,332,158   

OCP CLO, Ltd.
2.151%, 04/17/27 (144A) (d)

    1,230,000        1,210,577   

Octagon Investment Partners, Ltd.
1.740%, 07/17/25 (144A) (d)

    720,000        708,019   

Ocwen Master Advance Receivables Trust
2.537%, 09/17/46 (144A)

    1,125,000        1,124,377   

OHA Credit Partners, Ltd.
1.744%, 04/20/25 (144A) (d)

    1,612,000        1,591,985   

OHA Loan Funding, Ltd.
1.888%, 08/23/24 (144A) (d)

    695,000        689,479   

2.118%, 02/15/27 (144A) (d)

    1,575,000        1,561,778   

OneMain Financial Issuance Trust
4.100%, 03/20/28 144A

    1,650,000        1,660,444   

OZLM Funding, Ltd.
1.771%, 07/22/25 (144A) (d)

    1,205,000        1,190,091   

 

MSF-127


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

OZLM XII, Ltd.
2.066%, 04/30/27 (144A) (d)

    1,360,000      $ 1,337,922   

Race Point CLO, Ltd
2.132%, 04/15/27 (144A) (d)

    1,610,000        1,593,071   

SBA Tower Trust
2.898%, 10/15/44 (144A)

    845,000        848,998   

Securitized Asset-Backed Receivables LLC Trust
0.523%, 07/25/36 (d) (f)

    571,248        252,627   

Seneca Park CLO, Ltd.
2.100%, 07/17/26 (144A) (d)

    1,095,000        1,088,226   

Shackleton CLO
2.100%, 07/17/26 (144A) (d)

    1,105,000        1,097,801   

Sound Point CLO, Ltd.
1.994%, 01/21/26 (144A) (d)

    1,415,000        1,394,011   

2.152%, 04/15/27 (144A) (d)

    1,315,000        1,300,757   

SpringCastle America Funding LLC
2.700%, 05/25/23 (144A) (l)

    732,712        729,694   

Springleaf Funding Trust
2.410%, 12/15/22 (144A)

    1,085,471        1,082,545   

SPS Servicer Advance Receivables Trust
2.920%, 07/15/47 (144A)

    1,185,000        1,185,690   

Symphony CLO, Ltd.
2.104%, 07/14/26 (144A) (d)

    1,295,000        1,288,866   

2.367%, 01/09/23 (144A) (d)

    1,280,000        1,252,573   

Treman Park CLO LLC
2.124%, 04/20/27 (144A) (d)

    1,350,000        1,342,931   

Voya CLO, Ltd.
2.100%, 04/18/27 (144A) (d)

    1,265,000        1,256,880   

2.720%, 04/18/27 (144A) (d)

    440,000        429,762   
   

 

 

 
      75,681,013   
   

 

 

 

Total Asset-Backed Securities
(Cost $86,945,705)

      85,457,235   
   

 

 

 
Floating Rate Loans (m)—2.2%                

Aerospace/Defense—0.0%

   

Transdigm, Inc. Term Loan E,
3.500%, 05/14/22

    396,192        389,853   
   

 

 

 

Agriculture—0.0%

   

American Rock Salt Holdings LLC 1st Lien Term Loan,
4.750%, 05/20/21

    284,925        262,131   

Incremental Term Loan,
4.750%, 05/20/21

    123,741        114,482   
   

 

 

 
      376,613   
   

 

 

 

Auto Manufacturers—0.0%

   

FCA U.S. LLC Term Loan B,
3.250%, 12/31/18

    512,322        512,194   
   

 

 

 

Chemicals—0.2%

   

Chemours Co. (The) Term Loan B,
3.750%, 05/12/22

    208,425        198,742   

Chemicals—(Continued)

   

Ineos U.S. Finance LLC Term Loan,
3.750%, 05/04/18

    1,032,831      1,025,569   

Nexeo Solutions LLC Term Loan B3,
5.000%, 09/08/17

    726,610        725,702   
   

 

 

 
      1,950,013   
   

 

 

 

Coal—0.0%

   

Arch Coal, Inc. Delayed Draw Term Loan,
5.000%, 01/31/17 (f) (n)

    75,000        72,375   

Term Loan B,
7.500%, 05/16/18

    318,416        113,675   
   

 

 

 
      186,050   
   

 

 

 

Commercial Services—0.0%

   

Acosta Holdco, Inc. Term Loan,
4.250%, 09/26/21

    182,497        179,075   

Jaguar Holding Co. II Term Loan B,
4.250%, 08/18/22

    124,063        123,132   

Moneygram International, Inc. Term Loan B,
4.250%, 03/27/20

    103,104        96,660   

ON Assignment, Inc. Term Loan,
3.750%, 06/03/22

    119,976        120,375   
   

 

 

 
      519,242   
   

 

 

 

Cosmetics/Personal Care—0.1%

   

Coty, Inc. Term Loan B,
3.750%, 10/27/22

    45,000        45,037   

Galleria Co. Term Loan B,
3.750%, 01/26/23

    90,000        89,888   

Revlon Consumer Products Corp. Term Loan B,
3.250%, 11/20/17

    916,723        916,723   
   

 

 

 
      1,051,648   
   

 

 

 

Diversified Telecommunication Services—0.0%

  

Level 3 Financing, Inc. Term Loan B2,
3.500%, 05/31/22

    565,000        564,706   
   

 

 

 

Electric—0.1%

   

Calpine Construction Finance Co. L.P. Term Loan B2,
3.250%, 01/31/22

    840,279        825,574   

Energy Future Intermediate Holding Co. LLC Term Loan,
4.250%, 12/19/16

    100,000        100,021   
   

 

 

 
      925,595   
   

 

 

 

Energy Equipment & Services—0.0%

   

Chief Exploration & Development LLC 2nd Lien Term Loan,
7.500%, 05/16/21

    105,000        61,845   

Seadrill Partners Finco LLC Term Loan B,
4.000%, 02/21/21

    425,113        189,529   
   

 

 

 
      251,374   
   

 

 

 

 

MSF-128


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Floating Rate Loans (m)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Food—0.1%

   

Albertson’s LLC Term Loan B4,
5.500%, 08/25/21

    222,750      $ 223,237   

Aramark Services, Inc. Term Loan F,
3.250%, 02/24/21

    486,080        485,469   

Hostess Brands LLC 1st Lien Term Loan,
4.500%, 08/03/22

    99,500        99,593   

JBS USA LLC
Incremental Term Loan, 3.750%, 09/18/20

    568,656        566,523   

Term Loan B, 4.000%, 10/30/22

    219,450        218,719   
   

 

 

 
      1,593,541   
   

 

 

 

Healthcare-Products—0.1%

  

Mallinckrodt International Finance S.A.
Term Loan B, 3.250%, 03/19/21

    764,400        740,376   
   

 

 

 

Healthcare-Services—0.2%

  

Community Health Systems, Inc.
Term Loan H, 4.000%, 01/27/21

    138,950        136,892   

Envision Healthcare Corp.
Term Loan B2, 4.500%, 10/28/22

    159,600        159,939   

IMS Health, Inc.
Term Loan, 3.500%, 03/17/21

    940,800        939,182   

Medpace Holdings, Inc.
1st Lien Term Loan, 4.750%, 04/01/21

    213,396        211,796   

MPH Acquisition Holdings LLC
Term Loan, 3.750%, 03/31/21

    185,795        184,309   

Ortho-Clinical Diagnostics, Inc.
Term Loan B, 4.750%, 06/30/21

    236,400        218,079   

U.S. Renal Care, Inc.
2015 Term Loan B, 5.250%, 12/31/22

    259,350        259,026   
   

 

 

 
      2,109,223   
   

 

 

 

Hotels, Restaurants & Leisure—0.0%

  

Aristocrat Leisure, Ltd.
Term Loan B, 4.750%, 10/20/21

    211,154        211,931   
   

 

 

 

Insurance—0.2%

   

Asurion LLC
2nd Lien Term Loan, 8.500%, 03/03/21

    385,000        361,419   

Term Loan B1, 5.000%, 05/24/19

    107,864        106,605   

Term Loan B2, 4.250%, 07/08/20

    290,955        281,681   

Term Loan B4, 5.000%, 08/04/22

    332,330        325,822   

Hub International, Ltd.
Term Loan B, 4.000%, 10/02/20

    341,769        333,310   

Sedgwick Claims Management Services, Inc.
1st Lien Term Loan, 3.750%, 03/01/21

    795,253        771,395   

2nd Lien Term Loan, 6.750%, 02/28/22

    205,000        190,650   
   

 

 

 
      2,370,882   
   

 

 

 

Internet & Catalog Retail—0.0%

  

Lands’ End, Inc.
Term Loan B, 4.250%, 04/04/21

    210,502        169,849   
   

 

 

 

Leisure Time—0.1%

   

Delta 2 (LUX) S.a.r.l.
2nd Lien Term Loan, 7.750%, 07/31/22

    165,000      152,212   

Term Loan B3, 4.750%, 07/30/21

    500,000        486,250   
   

 

 

 
      638,462   
   

 

 

 

Lodging—0.1%

   

La Quinta Intermediate Holdings LLC
Term Loan B, 3.750%, 04/14/21

    521,486        514,098   

Station Casinos LLC
Term Loan B, 4.250%, 03/02/20

    286,241        285,794   
   

 

 

 
      799,892   
   

 

 

 

Machinery-Diversified—0.1%

  

Gardner Denver, Inc.
Term Loan, 4.250%, 07/30/20

    562,030        510,043   

PRA Holdings, Inc.
1st Lien Term Loan, 4.500%, 09/23/20

    252,232        252,468   
   

 

 

 
      762,511   
   

 

 

 

Media—0.0%

   

Advantage Sales & Marketing, Inc.
1st Lien Term Loan, 4.250%, 07/23/21

    202,247        199,036   

CCO Safari LLC
Term Loan I, 3.500%, 01/24/23

    240,000        240,578   

Numericable U.S. LLC
Term Loan B1, 4.500%, 05/21/20

    92,654        92,159   

Term Loan B2, 4.500%, 05/21/20

    80,158        79,730   
   

 

 

 
      611,503   
   

 

 

 

Oil & Gas—0.0%

   

Fieldwood Energy LLC
1st Lien Term Loan, 3.875%, 10/01/18

    499,780        343,286   

Paragon Offshore Finance Co.
Term Loan B, 5.250%, 07/18/21

    98,750        21,890   

Templar Energy LLC
2nd Lien Term Loan, 8.500%, 11/25/20

    100,000        10,625   
   

 

 

 
      375,801   
   

 

 

 

Packaging & Containers—0.1%

  

Berry Plastics Holding Corp.
Term Loan D, 3.500%, 02/08/20

    293,199        292,405   

Caesars Growth Properties Holdings LLC
Term Loan, 6.250%, 05/08/21

    211,238        173,743   

Signode Industrial Group U.S., Inc.
Term Loan B, 3.750%, 05/01/21

    242,556        235,885   
   

 

 

 
      702,033   
   

 

 

 

Pharmaceuticals—0.1%

  

Endo Luxembourg Finance Co. I S.a.r.l.
Term Loan B, 3.750%, 09/26/22

    324,188        319,730   

Grifols Worldwide Operations USA, Inc.
Term Loan B, 3.433%, 02/27/21

    637,000        637,652   

 

MSF-129


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Floating Rate Loans (m)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

  

Valeant Pharmaceuticals International, Inc.
Term Loan B F1, 4.000%, 04/01/22

    157,156      $ 148,758   

Vizient, Inc.
1st Lien Term Loan, 6.250%, 02/13/23

    100,000        100,792   
   

 

 

 
      1,206,932   
   

 

 

 

Pipelines—0.0%

   

Energy Transfer Equity L.P.
Term Loan, 3.250%, 12/02/19

    325,000        291,078   
   

 

 

 

Professional Services—0.0%

  

TransUnion LLC
Term Loan B2, 3.500%, 04/09/21

    430,569        426,981   
   

 

 

 

Real Estate—0.0%

  

DTZ U.S. Borrower LLC
1st Lien Term Loan, 4.250%, 11/04/21

    148,875        147,634   
   

 

 

 

Retail—0.2%

   

J Crew Group, Inc.
Term Loan B, 4.000%, 03/05/21

    316,474        248,498   

Michaels Stores, Inc.
Incremental Term Loan B2, 4.000%, 01/28/20

    101,066        101,287   

Neiman Marcus Group, Inc. (The)
Term Loan, 4.250%, 10/25/20

    632,100        580,654   

Party City Holdings, Inc.
Term Loan B, 4.250%, 08/19/22

    617,413        613,361   

PetSmart, Inc.
Term Loan B1, 4.250%, 03/11/22

    471,438        470,082   
   

 

 

 
      2,013,882   
   

 

 

 

Semiconductors—0.1%

  

Avago Technologies Cayman, Ltd.
Term Loan B1, 4.250%, 02/01/23

    290,000        288,932   

Entegris, Inc.
Term Loan B, 3.500%, 04/30/21

    328,992        326,388   

NXP B.V.
Term Loan B, 3.750%, 12/07/20

    194,513        195,257   

ON Semiconductor Corp.
Term Loan B, 03/31/23 (o)

    110,000        110,385   
   

 

 

 
      920,962   
   

 

 

 

Software—0.2%

   

First Data Corp.
Term Loan, 4.182%, 07/08/22

    820,000        816,327   

Infor (U.S.), Inc.
Term Loan B5, 3.750%, 06/03/20

    335,427        325,993   

Kronos, Inc.
2nd Lien Term Loan, 9.750%, 04/30/20

    154,834        154,496   

Incremental Term Loan, 4.500%, 10/30/19

    398,363        396,272   

SS&C Technologies, Inc.
Term Loan B1, 4.007%, 07/08/22

    214,835        215,506   

Term Loan B2, 4.018%, 07/08/22

    30,052        30,146   
   

 

 

 
      1,938,740   
   

 

 

 

Telecommunications—0.2%

  

Altice Financing S.A.
Term Loan, 5.250%, 02/04/22

    173,688      173,633   

Neptune Finco Corp.
Term Loan B, 5.000%, 10/09/22

    165,000        165,578   

West Corp.
Term Loan B10, 3.250%, 06/30/18

    259,890        259,017   

XO Communications LLC
Term Loan, 4.250%, 03/17/21

    367,500        366,765   

Ziggo Financing Partnership
Term Loan B1, 3.500%, 01/15/22

    536,191        530,494   

Term Loan B2A, 3.508%, 01/15/22

    345,532        341,861   

Term Loan B3, 3.601%, 01/15/22

    568,277        562,239   
   

 

 

 
      2,399,587   
   

 

 

 

Trading Companies & Distributors—0.0%

  

Neff Rental LLC
2nd Lien Term Loan, 7.250%, 06/09/21 (f)

    103,402        90,348   
   

 

 

 

Transportation—0.0%

  

Kenan Advantage Group, Inc.
Delayed Draw Term Loan, 1.687%, 01/31/17 (n)

    10,000        9,938   

Term Loan, 4.000%, 07/31/22

    79,600        79,102   

Term Loan B, 4.000%, 07/31/22

    30,749        30,556   
   

 

 

 
      119,596   
   

 

 

 

Total Floating Rate Loans
(Cost $28,691,255)

      27,369,032   
   

 

 

 
Foreign Government—0.5%   

Banks—0.0%

   

Banque Centrale de Tunisie International Bond
5.750%, 01/30/25

    550,000        475,750   
   

 

 

 

Sovereign—0.5%

   

Angolan Goverment International Bond
9.500%, 11/12/25 (144A) (l)

    210,000        191,100   

Argentine Republic Government International Bond
2.260%, 12/31/38 (EUR) (i)

    765,000        503,450   

Brazil Letras do Tesouro Nacional
Zero Coupon, 04/01/16 (BRL)

    3,432,000        953,978   

Brazil Notas do Tesouro Nacional
6.000%, 08/15/16 (BRL) (i)

    635,000        499,869   

6.000%, 08/15/22 (BRL) (i)

    1,130,972        860,311   

Colombian TES
3.000%, 03/25/33 (COP) (i)

    1,311,210,539        372,329   

Romania Government Bond
5.800%, 07/26/27 (RON)

    3,250,000        981,059   

Uruguay Government International Bonds
3.700%, 06/26/37 (UYU) (i)

    18,486,820        469,341   

4.250%, 04/05/27 (UYU) (b) (i)

    26,557,222        774,117   

4.375%, 12/15/28 (UYU) (b) (i)

    6,021,075        177,396   

 

MSF-130


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Foreign Government—(Continued)

 

Security Description  

Shares/

Principal/

Notional

Amount*

    Value  

Sovereign—(Continued)

   

Venezuela Government International Bond
6.000%, 12/09/20 (f)

    215,000      $ 72,025   
   

 

 

 
      5,854,975   
   

 

 

 

Total Foreign Government
(Cost $6,940,266)

      6,330,725   
   

 

 

 
Municipals—0.4%                

Chicago Transit Authority Transfer Tax Receipts Revenue
6.899%, 12/01/40

    805,000        959,193   

Puerto Rico Commonwealth Government Employees Retirement System
6.150%, 07/01/38 (f)

    1,860,000        564,975   

6.200%, 07/01/39 (f)

    825,000        250,594   

6.550%, 07/01/58 (f)

    315,000        95,681   

State of California General Obligation Unlimited, Build America Bonds
7.350%, 11/01/39

    1,525,000        2,244,724   

7.600%, 11/01/40

    350,000        544,183   

State of Illinois General Obligation Unlimited
5.665%, 03/01/18

    300,000        316,152   

State of Illinois, Build America Bonds
5.100%, 06/01/33

    190,000        177,678   
   

 

 

 

Total Municipals
(Cost $5,624,309)

      5,153,180   
   

 

 

 
Purchased Options—0.0%   

Currency Options—0.0%

  

USD Call/BRL Put, Strike Price BRL 3.781, Expires 06/30/2016 (Counterparty - Goldman Sachs & Co.) (f)

    428,301        14,154   

USD Put/CNY Call, Strike Price CNY 6.460, Expires 04/19/16 (Counterparty - Bank of America N.A.) (f)

    3,865,000        14,942   

USD Put/CNY Call, Strike Price CNY 6.468, Expires 05/03/16 (Counterparty - Bank of America N.A.) (f)

    1,932,000        12,848   
   

 

 

 

Total Purchased Options
(Cost $56,760)

      41,944   
   

 

 

 
Short-Term Investments—6.9%   

Mutual Fund—6.1%

   

State Street Navigator Securities Lending MET Portfolio (p)

    76,055,711        76,055,711   
   

 

 

 
Security Description  

Principal
Amount*

    Value  

Repurchase Agreement—0.8%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $9,588,438 on 04/01/16, collateralized by $9,605,000 U.S. Treasury Note at 1.500% due 05/31/20 with a value of $9,785,094.

    9,588,430      $ 9,588,430   
   

 

 

 

Total Short-Term Investments
(Cost $85,644,141)

      85,644,141   
   

 

 

 

Total Investments—115.3%
(Cost $1,372,150,015) (q)

      1,429,175,514   

Unfunded Loan Commitments—(0.0)%
(Cost $(85,000))

      (85,000

Net Investments—115.3%
(Cost $1,372,065,015)

      1,429,090,514   

Other assets and liabilities (net)—(15.3)%

      (189,992,660
   

 

 

 
Net Assets—100.0%     $ 1,239,097,854   
   

 

 

 

 

* Principal and notional amounts 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, 2016, the market value of securities loaned was $85,914,229 and the collateral received consisted of cash in the amount of $76,055,711 and non-cash collateral with a value of $11,373,835. 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) 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, 2016. Maturity date shown for callable securities reflects the earliest possible call date.
(e) Interest only security.
(f) Illiquid security. As of March 31, 2016, these securities represent 1.0% of net assets.
(g) All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of March 31, 2016, the market value of securities pledged was $2,096,542.
(h) All or a portion of the security was pledged as collateral against open swap contracts. As of March 31, 2016, the market value of securities pledged was $1,979,470.
(i) Principal amount of security is adjusted for inflation.
(j) Non-income producing; security is in default and/or issuer is in bankruptcy.
(k) Principal only security.

 

MSF-131


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

 

(l) 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, 2016, the market value of restricted securities was $4,810,863, which is 0.4% of net assets. See details shown in the Restricted Securities table that follows.
(m) Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(n) Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.
(o) This loan will settle after March 31, 2016, at which time the interest rate will be determined.
(p) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(q) As of March 31, 2016, the aggregate cost of investments was $1,372,065,015. The aggregate unrealized appreciation and depreciation of investments were $101,240,375 and $(44,214,876), respectively, resulting in net unrealized appreciation of $57,025,499.
(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, 2016, the market value of 144A securities was $134,894,728, which is 10.9% 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.
(ARM)— Adjustable-Rate Mortgage
(BRL)— Brazilian Real
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(CNY)— Chinese Yuan
(COP)— Colombian Peso
(EUR)— Euro
(GBP)— British Pound
(REMIC)— Real Estate Mortgage Investment Conduit
(RON)— New Romanian Leu
(UYU)— Uruguayan Peso

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Angolan Government International Bonds, 9.500%, 11/12/25

     11/04/15       $ 210,000       $ 209,996       $ 191,100   

Citigroup Commercial Mortgage Trust, 4.400%, 03/10/47

     01/15/15         130,000         107,367         91,768   

Commercial Mortgage Pass-Through Certificates Mortgage Trust, 4.750%, 10/15/45

     02/18/15         220,000         175,716         180,006   

Commercial Mortgage Pass-Through Certificates Mortgage Trust, 4.573%, 10/15/45

     12/05/14         165,000         129,274         117,203   

Consumer Credit Origination Loan Trust, 2.820%, 03/15/21

     02/03/15         156,029         156,020         156,073   

GS Mortgage Securities Trust, 4.867%, 04/10/47

     03/27/14         585,000         534,065         455,437   

GS Mortgage Securities Trust, 3.582%, 06/10/47

     04/24/15         195,000         149,282         116,173   

JPMorgan Chase Commercial Mortgage Securities Corp., 4.420%, 12/15/47

     03/27/14         245,000         198,450         193,069   

JPMorgan Chase Commercial Mortgage Securities Trust, 4.000%, 08/15/46

     05/19/15         105,000         94,959         90,343   

JPMorgan Chase Commercial Mortgage Securities Trust, 2.733%, 10/15/45

     03/17/14         400,000         269,984         241,760   

Magnetite CLO, Ltd., 5.122%, 01/15/25

     11/17/15         1,125,000         1,126,125         1,072,533   

Morgan Stanley Bank of America Merrill Lynch Trust, 4.500%, 08/15/45

     07/10/14         250,000         197,031         174,424   

Morgan Stanley Capital Trust, 5.179%, 07/15/49

     03/13/15         265,000         242,868         223,999   

SpringCastle America Funding LLC, 2.700%, 05/25/23

     09/18/14         732,712         732,663         729,694   

UBS-Barclays Commercial Mortgage Trust, 4.089%, 03/10/46

     07/10/14         155,000         130,182         121,083   

WF-RBS Commercial Mortgage Trust, 5.000%, 06/15/44

     03/28/14         105,000         94,365         89,719   

WF-RBS Commercial Mortgage Trust, 5.000%, 04/15/45

     08/12/14         130,000         103,594         103,332   

WF-RBS Commercial Mortgage Trust, 3.016%, 11/15/47

     11/05/14         550,000         362,270         326,414   

Wells Fargo Commercial Mortgage Trust, 3.356%, 09/15/58

     09/24/15         245,000         147,153         136,733   
           

 

 

 
            $ 4,810,863   
           

 

 

 

 

MSF-132


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

 

TBA Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     3.500     TBA         (1,200,000   $ (1,262,250   $ (1,267,212

Fannie Mae 15 Yr. Pool

     4.500     TBA         (3,500,000     (3,622,500     (3,621,338

Fannie Mae 30 Yr. Pool

     4.500     TBA         (1,975,000     (2,141,795     (2,149,047

Fannie Mae 30 Yr. Pool

     5.000     TBA         (2,200,000     (2,429,281     (2,433,750

Freddie Mac 30 Yr. Gold Pool

     5.000     TBA         (400,000     (439,438     (439,505

Freddie Mac 30 Yr. Gold Pool

     5.500     TBA         (200,000     (222,875     (222,250
         

 

 

   

 

 

 

Totals

  

  $ (10,118,139   $ (10,133,102
         

 

 

   

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
BRL     2,739,000      

Goldman Sachs International

     04/04/16       $ 741,975       $ 19,779   
BRL     2,739,000      

Morgan Stanley & Co. International plc

     04/04/16         769,620         (7,866
BRL     2,960,000      

Morgan Stanley & Co. International plc

     04/04/16         806,979         16,238   
CNY     3,080,000      

JPMorgan Chase Bank N.A.

     07/28/16         491,306         (17,049
EUR     50,000      

JPMorgan Chase Bank N.A.

     04/29/16         56,065         873   
EUR     185,000      

BNP Paribas S.A.

     06/15/16         205,889         5,085   
EUR     4,000      

Credit Agricole S.A.

     06/15/16         4,491         70   
EUR     155,000      

Bank of America N.A.

     03/15/17         177,515         1,082   
EUR     205,000      

Bank of America N.A.

     03/15/17         234,911         1,297   
EUR     375,000      

Citibank N.A.

     03/15/17         416,250         15,837   
EUR     270,000      

UBS AG

     03/15/17         309,587         1,515   
GBP     20,000      

JPMorgan Chase Bank N.A.

     04/29/16         28,568         159   
IDR     19,587,000,000      

Barclays Bank plc

     04/01/16         1,471,048         6,102   
IDR     19,587,000,000      

Goldman Sachs International

     04/01/16         1,466,203         10,947   
IDR     7,539,000,000      

Goldman Sachs International

     05/18/16         487,961         76,767   
IDR     19,188,000,000      

Goldman Sachs International

     09/21/16         1,416,611         (9,682
MXN     5,513,000      

Royal Bank of Canada

     06/15/16         315,184         1,864   
MXN     1,056,000      

State Street Bank and Trust

     06/15/16         60,283         446   
PEN     898,000      

State Street Bank and Trust

     06/15/16         264,663         3,735   
THB     15,349,000      

Bank of America N.A.

     06/15/16         433,833         1,743   
THB     25,043,000      

Morgan Stanley & Co. International plc

     06/15/16         707,529         3,143   
UYU     10,554,000      

Citibank N.A.

     04/04/16         332,745         (2,778
UYU     10,553,000      

HSBC Bank USA

     04/04/16         329,215         721   
UYU     10,554,000      

HSBC Bank USA

     04/04/16         328,662         1,305   
UYU     21,108,000      

HSBC Bank USA

     04/04/16         657,324         2,610   
UYU     10,554,000      

JPMorgan Chase Bank N.A.

     04/04/16         332,745         (2,778
ZAR     7,519,000      

BNP Paribas S.A.

     04/18/16         503,162         4,729   
ZAR     3,608,000      

BNP Paribas S.A.

     06/15/16         238,711         2,228   

Contracts to Deliver

                    
BRL     2,739,000      

Goldman Sachs & Co.

     04/04/16       $ 769,620       $ 7,866   
BRL     4,038,000      

Morgan Stanley & Co. International plc

     04/04/16         1,018,052         (104,972
BRL     1,661,000      

Morgan Stanley & Co. International plc

     04/04/16         419,720         (42,227
BRL     3,390,000      

Morgan Stanley & Co. International plc

     04/06/16         863,320         (78,924
BRL     2,370,000      

Goldman Sachs International

     07/05/16         626,785         (15,892
BRL     1,800,000      

Morgan Stanley & Co. International plc

     08/17/16         477,226         (4,678
CNY     2,435,000      

Deutsche Bank AG

     07/28/16         369,499         (5,442
CNY     645,000      

Goldman Sachs International

     07/28/16         98,099         (1,218
EUR     3,853,000      

Citibank N.A.

     04/29/16         4,319,032         (68,581
EUR     1,005,000      

Bank of America N.A.

     03/15/17         1,080,446         (77,547
GBP     992,000      

JPMorgan Chase Bank N.A.

     04/29/16         1,403,331         (21,535
GBP     272,000      

Westpac Banking Corp.

     06/15/16         386,762         (3,985
IDR     19,587,000,000      

Barclays Bank plc

     04/01/16         1,466,203         (10,947

 

MSF-133


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
IDR     19,587,000,000      

Goldman Sachs International

     04/01/16       $ 1,495,191       $ 18,042   
IDR     3,812,000,000      

Barclays Bank plc

     05/18/16         264,080         (21,467
IDR     3,727,000,000      

JPMorgan Chase Bank N.A.

     05/18/16         257,478         (21,702
IDR     4,797,000,000      

Deutsche Bank AG

     09/21/16         351,429         (304
IDR     9,594,000,000      

HSBC Bank USA

     09/21/16         706,740         3,276   
IDR     4,797,000,000      

Standard Chartered Bank

     09/21/16         351,944         212   
MXN     6,569,000      

Standard Chartered Bank

     06/15/16         363,308         (14,469
PEN     250,000      

Credit Agricole S.A.

     06/15/16         71,777         (2,944
PEN     627,000      

JPMorgan Chase Bank N.A.

     06/15/16         180,354         (7,046
PEN     21,000      

State Street Bank and Trust

     06/15/16         6,091         (186
RON     3,988,000      

JPMorgan Chase Bank N.A.

     06/15/16         995,233         (21,063
THB     40,392,000      

Standard Chartered Bank

     06/15/16         1,130,795         (15,453
UYU     10,554,000      

Citibank N.A.

     04/04/16         324,738         (5,229
UYU     21,108,000      

HSBC Bank USA

     04/04/16         665,490         5,555   
UYU     10,554,000      

HSBC Bank USA

     04/04/16         322,594         (7,373
UYU     10,553,000      

HSBC Bank USA

     04/04/16         320,585         (9,351
UYU     10,554,000      

JPMorgan Chase Bank N.A.

     04/04/16         324,639         (5,329
UYU     21,108,000      

HSBC Bank USA

     06/30/16         632,317         (13,188
UYU     10,554,000      

HSBC Bank USA

     06/30/16         315,582         (7,171
UYU     10,553,000      

HSBC Bank USA

     06/30/16         313,452         (9,269
ZAR     7,519,000      

State Street Bank and Trust

     04/18/16         468,828         (39,063
ZAR     3,608,000      

Goldman Sachs International

     06/15/16         219,052         (21,888
             

 

 

 

Net Unrealized Depreciation

  

   $ (485,370
             

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

S&P 500 E-Mini Index Futures

     06/17/16         18        USD         1,781,540      $ 64,810   

U.S. Treasury Note 2 Year Futures

     06/30/16         60        USD         13,059,522        65,478   

U.S. Treasury Note 5 Year Futures

     06/30/16         503        USD         60,911,831        33,692   

U.S. Treasury Ultra Long Bond Futures

     06/21/16         179        USD         31,085,940        (202,846

Futures Contracts—Short

                         

90 Day EuroDollar Futures

     12/19/16         (199     USD         (49,336,655     (2,908

U.S. Treasury Long Bond Futures

     06/21/16         (28     USD         (4,591,347     (12,903

U.S. Treasury Note 10 Year Futures

     06/21/16         (313     USD         (40,735,939     (76,326

U.S. Treasury Ultra Long Bond Futures

     06/21/16         (56     USD         (7,849,683     (32,317
            

 

 

 

Net Unrealized Depreciation

  

  $ (163,320
            

 

 

 

Swap Agreements

OTC Interest Rate Swaps

 

Pay/Receive
Floating Rate

   Floating
Rate Index
   Fixed
Rate
    Maturity
Date
  

Counterparty

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

Receive

   CPI-U      1.810   09/04/25    Bank of America N.A.      USD         13,235,000       $ (91,574   $       $ (91,574

Receive

   CPI-U      1.820   09/22/25    Bank of America N.A.      USD         10,320,000         (75,235             (75,235
                   

 

 

   

 

 

    

 

 

 

Totals

  

   $ (166,809   $       $ (166,809
                   

 

 

   

 

 

    

 

 

 

 

MSF-134


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

 

Centrally Cleared Interest Rate Swaps

 

Pay/Receive Floating Rate

   Floating
Rate Index
     Fixed
Rate
    Maturity
Date
     Notional
Amount
     Unrealized
Depreciation
 

Receive

     3M LIBOR         1.780     06/15/26         USD         10,495,000       $ (96,180

Receive

     3M LIBOR         1.785     06/15/26         USD         10,532,000         (101,494
                

 

 

 

Net Unrealized Depreciation

  

   $ (197,674
                

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Buy Protection (a)

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
    

Implied Credit
Spread at
March 31,
2016(b)

   Notional
Amount(c)
     Unrealized
Depreciation
 

CDX.NA.HY.26.V1

     (5.000%)         06/20/21       4.387%      USD         14,857,000       $ (111,162)   

ITRAXX.EUROPE.24.V1

     (1.000%)         12/20/25       1.101%      EUR         10,245,000         (333,645)   

ITRAXX.XOVER.24.V1

     (5.000%)         12/20/20       3.256%      EUR         877,000         (23,756)   
                 

 

 

 

Net Unrealized Depreciation

  

   $ (468,563)   
                 

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (d)

 

Reference Obligation

   Fixed Deal
Receive Rate
     Maturity
Date
    

Implied Credit
Spread at
March 31,
2016(b)

   Notional
Amount(c)
     Unrealized
Appreciation
 

CDX.NA.IG.26.V1

     1.000%         06/20/21       0.785%      USD         9,085,000       $ 8,393   

ITRAXX.EUROPE.24.V1

     1.000%         12/20/20       0.732%      EUR         8,916,000         182,491   
                 

 

 

 

Net Unrealized Appreciation

  

   $ 190,884   
                 

 

 

 

OTC Credit Default Swaps on Corporate Issues—Buy Protection (a)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid
    Unrealized
Depreciation
 

Marathon Oil Corp.

    (1.000%)        06/20/20      JPMorgan Chase Bank N.A.     5.316%        USD        45,000      $ 7,076      $ 10,463      $ (3,387)   
             

 

 

   

 

 

   

 

 

 

OTC Credit Default Swaps on Sovereign Issues—Sell Protection (d)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
(Received)
    Unrealized
Appreciation
 

Republic of South Africa

    1.000%        12/20/20      Goldman Sachs & Co.     2.777%        USD        1,360,000      $ (105,901)      $ (133,603)      $ 27,702   
             

 

 

   

 

 

   

 

 

 

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,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

ABX.HE.AAA.6-1

    (0.180%)        07/25/45      JPMorgan Chase Bank N.A.     0.000%        USD        57,030      $ 1,283      $ 1,435      $ (152)   

ABX.HE.AAA.6-1

    (0.180%)        07/25/45      JPMorgan Chase Bank N.A.     0.000%        USD        17,699        398               398   

ABX.HE.AAA.7-1

    (0.090%)        08/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        363,910        94,617        92,798        1,819   

ABX.HE.AAA.7-1

    (0.090%)        08/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        157,056        40,835        40,050        785   

ABX.HE.AAA.7-1

    (0.090%)        08/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        107,258        27,887        27,887          

ABX.HE.PEN.AAA.6-2

    (0.110%)        05/25/46      JPMorgan Chase Bank N.A.     0.000%        USD        364,657        43,151        51,110        (7,959)   

CDX.EM.25.V1

    (1.000%)        06/20/21      Barclays Bank plc     2.862%        USD        17,740,000        1,541,569        1,501,691        39,878   

CMBX.NA.A.7

    (2.000%)        01/17/47      Barclays Bank plc     0.000%        USD        105,000        7,153        (612)        7,765   

CMBX.NA.A.7

    (2.000%)        01/17/47      JPMorgan Chase Bank N.A.     0.000%        USD        480,000        32,701        (10,238)        42,939   

 

MSF-135


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

OTC Credit Default Swaps on Credit Indices—Buy Protection (a)—(Continued)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.AA.2

    (0.150%)        03/15/49      Credit Suisse International     0.000%        USD        1,471,584      $ 500,339      $ 439,037      $ 61,302   

CMBX.NA.AA.2

    (0.150%)        03/15/49      Goldman Sachs International     0.000%        USD        559,983        190,395        179,552        10,843   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        920,000        40,902        (4,790)        45,692   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        400,000        17,783        1,649        16,134   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        395,000        17,562        (3,703)        21,265   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        385,000        17,117        1,853        15,264   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        385,000        17,116        2,154        14,962   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        370,000        16,450        (3,280)        19,730   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        245,000        10,893        (2,774)        13,667   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Morgan Stanley & Co. International plc     0.000%        USD        245,000        10,892        17,197        (6,305)   

CMBX.NA.AA.8

    (1.500%)        10/17/57      Barclays Bank plc     0.000%        USD        265,000        19,024        11,844        7,180   

CMBX.NA.AJ.2

    (1.090%)        03/15/49      Credit Suisse International     0.000%        USD        1,326,264        157,494        101,124        56,370   

CMBX.NA.AJ.2

    (1.090%)        03/15/49      Credit Suisse International     0.000%        USD        554,259        65,818        41,552        24,266   

CMBX.NA.AJ.2

    (1.090%)        03/15/49      Deutsche Bank AG     0.000%        USD        158,360        18,805        12,072        6,733   

CMBX.NA.AJ.2

    (1.090%)        03/15/49      Goldman Sachs International     0.000%        USD        262,283        31,146        22,584        8,562   

CMBX.NA.AJ.3

    (1.470%)        12/13/49      Credit Suisse International     0.000%        USD        338,118        87,910        65,888        22,022   

CMBX.NA.AJ.3

    (1.470%)        12/13/49      Goldman Sachs International     0.000%        USD        441,023        114,666        83,187        31,479   

CMBX.NA.AJ.3

    (1.470%)        12/13/49      Goldman Sachs International     0.000%        USD        254,813        66,252        49,652        16,600   

CMBX.NA.AJ.3

    (1.470%)        12/13/49      Goldman Sachs International     0.000%        USD        142,107        36,948        31,066        5,882   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Bank of America N.A.     0.000%        USD        676,291        168,791        119,928        48,863   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Credit Suisse International     0.000%        USD        740,464        184,808        150,766        34,042   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Credit Suisse International     0.000%        USD        577,563        144,150        111,158        32,992   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Credit Suisse International     0.000%        USD        459,088        114,581        86,647        27,934   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Credit Suisse International     0.000%        USD        128,347        32,034        25,654        6,380   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Credit Suisse International     0.000%        USD        8        2               2   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Morgan Stanley & Co. International plc     0.000%        USD        1,263,728        315,405        233,380        82,025   

CMBX.NA.AM.2

    (0.500%)        03/15/49      Credit Suisse International     0.000%        USD        2,245,918        12,400        32,499        (20,099)   

CMBX.NA.AM.2

    (0.500%)        03/15/49      Morgan Stanley & Co. International plc     0.000%        USD        705,449        3,895        3,537        358   

CMBX.NA.AM.4

    (0.500%)        02/17/51      Credit Suisse International     0.000%        USD        435,000        12,234        23,564        (11,330)   

CMBX.NA.AM.4

    (0.500%)        02/17/51      Goldman Sachs International     0.000%        USD        125,000        3,516        2,873        643   

CMBX.NA.AS.6

    (1.000%)        05/11/63      Credit Suisse International     0.000%        USD        1,080,000        24,387        11,647        12,740   

CMBX.NA.AS.6

    (1.000%)        05/11/63      Credit Suisse International     0.000%        USD        330,000        7,452        (657)        8,109   

CMBX.NA.AS.7

    (1.000%)        01/17/47      Credit Suisse International     0.000%        USD        535,000        16,771        8,498        8,273   

CMBX.NA.AS.7

    (1.000%)        01/17/47      Credit Suisse International     0.000%        USD        485,000        16,520        11,679        4,841   

CMBX.NA.AS.7

    (1.000%)        01/17/47      Credit Suisse International     0.000%        USD        210,000        6,584        1,123        5,461   

CMBX.NA.AS.7

    (1.000%)        01/17/47      Credit Suisse International     0.000%        USD        140,000        4,389        2,463        1,926   

CMBX.NA.AS.7

    (1.000%)        01/17/47      Credit Suisse International     0.000%        USD        5,000        157        46        111   

CMBX.NA.AS.8

    (1.000%)        10/17/57      Deutsche Bank AG     0.000%        USD        210,000        11,178        15,785        (4,607)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Credit Suisse International     0.000%        USD        330,000        29,914        27,377        2,537   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Credit Suisse International     0.000%        USD        170,000        15,410        13,333        2,077   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Deutsche Bank AG     0.000%        USD        175,000        15,864        22,550        (6,686)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Deutsche Bank AG     0.000%        USD        170,000        15,410        16,725        (1,315)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Deutsche Bank AG     0.000%        USD        170,000        15,410        12,815        2,595   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Goldman Sachs & Co.     0.000%        USD        175,000        15,863        25,231        (9,368)   

CMBX.NA.BBB.8

    (3.000%)        01/17/47      Morgan Stanley & Co. International plc     0.000%        USD        250,000        22,662        31,378        (8,716)   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 4,436,893      $ 3,739,984      $ 696,909   
             

 

 

   

 

 

   

 

 

 

 

MSF-136


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

 

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,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.A.2

    0.250%        03/15/49      Bank of America N.A.     0.000%        USD        141,460      $ (91,860)      $ (89,289)      $ (2,571)   

CMBX.NA.A.2

    0.250%        03/15/49      Bank of America N.A.     0.000%        USD        253,139        (164,383)        (147,621)        (16,762)   

CMBX.NA.A.2

    0.250%        03/15/49      Credit Suisse International     0.000%        USD        294,088        (190,973)        (185,267)        (5,706)   

CMBX.NA.A.2

    0.250%        03/15/49      Goldman Sachs International     0.000%        USD        104,234        (67,687)        (65,662)        (2,025)   

CMBX.NA.A.2

    0.250%        03/15/49      Goldman Sachs International     0.000%        USD        189,855        (123,287)        (118,654)        (4,633)   

CMBX.NA.A.2

    0.250%        03/15/49      Goldman Sachs International     0.000%        USD        215,913        (140,209)        (135,747)        (4,462)   

CMBX.NA.A.2

    0.250%        03/15/49      Morgan Stanley & Co. International plc     0.000%        USD        44,672        (29,009)        (28,363)        (646)   

CMBX.NA.A.2

    0.250%        03/15/49      Morgan Stanley & Co. International plc     0.000%        USD        104,234        (67,687)        (65,792)        (1,895)   

CMBX.NA.A.2

    0.250%        03/15/49      Morgan Stanley & Co. International plc     0.000%        USD        208,468        (135,374)        (131,454)        (3,920)   

CMBX.NA.A.6.

    2.000%        05/11/63      Goldman Sachs International     0.000%        USD        365,000        (18,700)        4,765        (23,465)   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        550,000        (11,242)        (13,165)        1,923   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        555,000        (11,345)        (13,268)        1,923   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        775,000        (15,842)        (28,868)        13,026   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        6,260,000        (127,961)        (131,821)        3,860   

CMBX.NA.AAA.6

    0.500%        05/11/63      Deutsche Bank AG     0.000%        USD        730,000        (14,922)        (25,022)        10,100   

CMBX.NA.AAA.6

    0.500%        05/11/63      Deutsche Bank AG     0.000%        USD        1,069,000        (21,851)        (25,555)        3,704   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs & Co.     0.000%        USD        370,000        (7,563)        (12,024)        4,461   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs & Co.     0.000%        USD        440,000        (8,994)        (15,071)        6,077   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs & Co.     0.000%        USD        465,000        (9,505)        (15,591)        6,086   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs International     0.000%        USD        85,000        (1,738)        (1,018)        (720)   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        530,000        (10,834)        (12,530)        1,696   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        625,000        (12,776)        (21,423)        8,647   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        660,000        (13,491)        (15,778)        2,287   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        755,000        (15,433)        (25,537)        10,104   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        8,997,000        (183,908)        (294,866)        110,958   

CMBX.NA.BB.6

    5.000%        05/11/63      Credit Suisse International     0.000%        USD        1,216,000        (135,866)        (12,625)        (123,241)   

CMBX.NA.BB.6

    5.000%        05/11/63      Goldman Sachs & Co.     0.000%        USD        839,000        (93,744)        (138,973)        45,229   

CMBX.NA.BB.8

    5.000%        10/17/57      Bank of America N.A.     0.000%        USD        335,000        (81,734)        (24,355)        (57,379)   

CMBX.NA.BB.8

    5.000%        10/17/57      Barclays Bank plc     0.000%        USD        250,000        (60,995)        (29,346)        (31,649)   

CMBX.NA.BB.8

    5.000%        10/17/57      Barclays Bank plc     0.000%        USD        280,000        (68,314)        (33,928)        (34,386)   

CMBX.NA.BB.8

    5.000%        10/17/57      Barclays Bank plc     0.000%        USD        345,000        (84,174)        (18,843)        (65,331)   

CMBX.NA.BB.8

    5.000%        10/17/57      Barclays Bank plc     0.000%        USD        380,000        (92,712)        (23,613)        (69,099)   

CMBX.NA.BB.8

    5.000%        10/17/57      Barclays Bank plc     0.000%        USD        790,000        (192,745)        (90,424)        (102,321)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        85,000        (20,739)        (5,415)        (15,324)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        125,000        (30,497)        (18,469)        (12,028)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        140,000        (34,157)        (10,509)        (23,648)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        160,000        (39,037)        (19,714)        (19,323)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        170,000        (41,477)        (25,118)        (16,359)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        170,000        (41,477)        (30,531)        (10,946)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        235,000        (57,336)        (28,269)        (29,067)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        250,000        (60,995)        (32,560)        (28,435)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        275,000        (67,095)        (25,852)        (41,243)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        280,000        (68,314)        (33,427)        (34,887)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        280,000        (68,315)        (23,907)        (44,408)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        355,000        (86,613)        (42,966)        (43,647)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        560,000        (136,629)        (68,443)        (68,186)   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs & Co.     0.000%        USD        130,000        (31,717)        (21,375)        (10,342)   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs & Co.     0.000%        USD        170,000        (41,476)        (27,682)        (13,794)   

 

MSF-137


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

OTC Credit Default Swaps on Credit Indices—Sell Protection (d)—(Continued)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
March 31,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs & Co.     0.000%        USD        320,000      $ (78,074)      $ (109,053)      $ 30,979   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs & Co.     0.000%        USD        325,000        (79,294)        (98,903)        19,609   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs & Co.     0.000%        USD        580,000        (141,509)        (181,510)        40,001   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs International     0.000%        USD        140,000        (34,157)        (14,640)        (19,517)   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs International     0.000%        USD        250,000        (60,995)        (29,976)        (31,019)   

CMBX.NA.BB.8

    5.000%        10/17/57      JPMorgan Chase Bank N.A.     0.000%        USD        140,000        (34,157)        (10,509)        (23,648)   

CMBX.NA.BB.8

    5.000%        10/17/57      Morgan Stanley & Co. International plc     0.000%        USD        260,000        (63,435)        (30,509)        (32,926)   

CMBX.NA.BB.8

    5.000%        10/17/57      Morgan Stanley & Co. International plc     0.000%        USD        325,000        (79,294)        (101,130)        21,836   

CMBX.NA.BB.9

    5.000%        09/15/58      Goldman Sachs & Co.     0.000%        USD        125,000        (34,496)        (35,383)        887   

CMBX.NA.BB.9

    5.000%        09/15/58      Goldman Sachs & Co.     0.000%        USD        130,000        (35,876)        (36,481)        605   

CMBX.NA.BB.9

    5.000%        09/15/58      Goldman Sachs & Co.     0.000%        USD        250,000        (68,991)        (70,766)        1,775   

CMBX.NA.BB.9

    5.000%        09/17/58      Goldman Sachs & Co.     0.000%        USD        125,000        (34,496)        (35,733)        1,237   

CMBX.NA.BB.9

    5.000%        09/17/58      Morgan Stanley & Co. International plc     0.000%        USD        255,000        (70,371)        (80,525)        10,154   

PRIMEX.ARM.2

    4.580%        12/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        653,587        24,510        19,627        4,883   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (3,923,367)      $ (3,216,456)      $ (706,911)   
             

 

 

   

 

 

   

 

 

 

 

(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.
(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 of 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.

 

(BRL)— Brazilian Real
(CNY)— Chinese Yuan
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(MXN)— Mexican Peso
(PEN)— Peruvian Nuevo Sol
(RON)— New Romanian Leu
(THB)— Thai Baht
(USD)— United States Dollar
(UYU)— Uruguayan Peso
(ZAR)— South African Rand
(CMBX)— Commercial Mortgage-Backed Index
(CDX.NA.HY)— Markit North America High Yield CDS Index
(CDX.NA.IG)— Markit North America Investment Grade CDS Index
(CMBX.NA.A)— Markit North America A Rated CMBS Index
(CMBX.NA.AA)— Markit North America AA Rated CMBS Index
(CMBX.NA.AAA)— Markit North America AAA Rated CMBS Index
(CMBX.NA.AJ)— Markit North America Junior AAA Rated CMBS Index
(CMBX.NA.AM)— Markit North America Mezzanine AAA Rated CMBS Index
(CMBX.NA.AS)— Markit North America Junior AAA Rated CMBS Index
(CMBX.NA.BB)— Markit North America BB Rated CMBS Index
(CMBX.NA.BBB-)— Markit North America BBB- Rated CMBS Index
(CPI-U)— U.S. Consumer Price Index for All Urban Consumers
(ITRAXX.EUROPE)— Markit iTraxx Europe Index
(ITRAXX.XOVER)— Markit iTraxx Crossover Index
(LIBOR)— London Interbank Offered Rate
(PRIMEX.ARM)— Markit PrimeX Adjustable Rate Mortgage Index

 

MSF-138


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio (formerly, WMC Balanced Portfolio)

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 735,713,953      $ —        $ —         $ 735,713,953   

Total U.S. Treasury & Government Agencies*

     —          228,488,000        —           228,488,000   

Total Corporate Bonds & Notes*

     —          162,535,758        —           162,535,758   

Total Mortgage-Backed Securities*

     —          92,441,546        —           92,441,546   

Total Asset-Backed Securities*

     —          85,457,235        —           85,457,235   

Total Floating Rate Loans (Less Unfunded Loan Commitments)*

     —          27,284,032        —           27,284,032   

Total Foreign Government*

     —          6,330,725        —           6,330,725   

Total Municipals

     —          5,153,180        —           5,153,180   

Total Purchased Options*

     —          41,944        —           41,944   
Short-Term Investments          

Mutual Fund

     76,055,711        —          —           76,055,711   

Repurchase Agreement

     —          9,588,430        —           9,588,430   

Total Short-Term Investments

     76,055,711        9,588,430        —           85,644,141   

Total Net Investments

   $ 811,769,664      $ 617,320,850      $ —         $ 1,429,090,514   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (76,055,711   $ —         $ (76,055,711

TBA Forward Sales Commitments

   $ —        $ (10,133,102   $ —         $ (10,133,102
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 213,226      $ —         $ 213,226   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (698,596     —           (698,596

Total Forward Contracts

   $ —        $ (485,370   $ —         $ (485,370
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 163,980      $ —        $ —         $ 163,980   

Futures Contracts (Unrealized Depreciation)

     (327,300     —          —           (327,300

Total Futures Contracts

   $ (163,320   $ —        $ —         $ (163,320
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 190,884      $ —         $ 190,884   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (666,237     —           (666,237

Total Centrally Cleared Swap Contracts

   $ —        $ (475,353   $ —         $ (475,353
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $ —        $ 4,468,479      $ —         $ 4,468,479   

OTC Swap Contracts at Value (Liabilities)

     —          (4,220,587     —           (4,220,587

Total OTC Swap Contracts

   $ —        $ 247,892      $ —         $ 247,892   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-139


Table of Contents

Metropolitan Series Fund

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—98.4% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—10.5%

  

General Dynamics Corp.

    310,338      $ 40,769,103   

Honeywell International, Inc.

    865,090        96,933,335   

Lockheed Martin Corp.

    399,642        88,520,703   

Northrop Grumman Corp.

    270,077        53,448,238   

United Technologies Corp.

    883,938        88,482,194   
   

 

 

 
      368,153,573   
   

 

 

 

Air Freight & Logistics—3.2%

  

United Parcel Service, Inc. - Class B (a)

    1,068,930        112,740,047   
   

 

 

 

Banks—3.8%

  

PNC Financial Services Group, Inc. (The)

    782,809        66,202,157   

Wells Fargo & Co.

    1,392,893        67,360,306   
   

 

 

 
      133,562,463   
   

 

 

 

Beverages—6.2%

   

Anheuser-Busch InBev S.A.

    281,715        35,119,021   

Coca-Cola Co. (The)

    1,928,774        89,475,826   

Diageo plc

    2,214,744        59,768,772   

PepsiCo, Inc.

    344,092        35,262,548   
   

 

 

 
      219,626,167   
   

 

 

 

Biotechnology—2.0%

   

Amgen, Inc.

    466,341        69,918,506   
   

 

 

 

Capital Markets—1.8%

   

BlackRock, Inc.

    187,459        63,842,912   
   

 

 

 

Chemicals—3.8%

   

Ecolab, Inc. (a)

    400,607        44,675,693   

Praxair, Inc.

    780,796        89,362,102   
   

 

 

 
      134,037,795   
   

 

 

 

Consumer Finance—1.8%

   

American Express Co.

    1,024,224        62,887,353   
   

 

 

 

Energy Equipment & Services—1.4%

  

Schlumberger, Ltd. (a)

    680,303        50,172,346   
   

 

 

 

Food & Staples Retailing—7.2%

   

Costco Wholesale Corp.

    686,421        108,166,221   

CVS Health Corp.

    688,421        71,409,910   

Walgreens Boots Alliance, Inc.

    870,670        73,345,241   
   

 

 

 
      252,921,372   
   

 

 

 

Health Care Equipment & Supplies—2.6%

  

Medtronic plc

    1,226,049        91,953,675   
   

 

 

 

Health Care Providers & Services—5.1%

  

Cardinal Health, Inc.

    1,042,243        85,411,814   

UnitedHealth Group, Inc. (a)

    717,344        92,465,641   
   

 

 

 
      177,877,455   
   

 

 

 

Hotels, Restaurants & Leisure—2.6%

  

McDonald’s Corp.

    732,148      92,016,361   
   

 

 

 

Household Products—4.7%

   

Colgate-Palmolive Co.

    1,382,594        97,680,266   

Procter & Gamble Co. (The)

    832,802        68,547,933   
   

 

 

 
      166,228,199   
   

 

 

 

Insurance—5.5%

   

Chubb, Ltd. (a)

    799,276        95,233,735   

Marsh & McLennan Cos., Inc.

    1,620,476        98,508,736   
   

 

 

 
      193,742,471   
   

 

 

 

IT Services—5.2%

   

Accenture plc - Class A

    830,374        95,825,159   

Automatic Data Processing, Inc.

    988,725        88,698,520   
   

 

 

 
      184,523,679   
   

 

 

 

Media—1.3%

   

Walt Disney Co. (The)

    442,873        43,981,718   
   

 

 

 

Oil, Gas & Consumable Fuels—1.5%

  

Exxon Mobil Corp.

    631,410        52,779,562   
   

 

 

 

Pharmaceuticals—6.9%

   

Johnson & Johnson

    808,555        87,485,651   

Merck & Co., Inc.

    1,644,355        87,002,823   

Roche Holding AG

    272,245        66,804,423   
   

 

 

 
      241,292,897   
   

 

 

 

Real Estate Investment Trusts—1.8%

  

Public Storage (a)

    229,814        63,389,596   
   

 

 

 

Road & Rail—4.7%

   

Canadian National Railway Co.

    1,453,860        90,852,957   

Union Pacific Corp.

    949,075        75,498,916   
   

 

 

 
      166,351,873   
   

 

 

 

Software—5.5%

   

Microsoft Corp.

    2,138,688        118,119,738   

Oracle Corp.

    1,843,814        75,430,431   
   

 

 

 
      193,550,169   
   

 

 

 

Specialty Retail—4.9%

   

Lowe’s Cos., Inc.

    970,020        73,479,015   

TJX Cos., Inc. (The)

    1,249,448        97,894,251   
   

 

 

 
      171,373,266   
   

 

 

 

Textiles, Apparel & Luxury Goods—4.4%

  

NIKE, Inc. - Class B

    1,678,785        103,194,914   

VF Corp. (a)

    787,993        51,030,427   
   

 

 

 
      154,225,341   
   

 

 

 

Total Common Stocks
(Cost $3,015,901,384)

      3,461,148,796   
   

 

 

 

 

MSF-140


Table of Contents

Metropolitan Series Fund

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio)

Schedule of Investments as of March 31, 2016 (Unaudited)

Escrow Shares—0.0%

 

Security Description   Shares/
Principal
Amount*
    Value  

Forest Products & Paper—0.0%

   

Sino-Forest Corp. (b)
(Cost $0)

    5,844,000      $ 0   
   

 

 

 
Short-Term Investments—3.3%   

Mutual Fund—1.8%

  

State Street Navigator Securities Lending MET Portfolio (c)

    61,047,428        61,047,428   
   

 

 

 

Repurchase Agreement—1.5%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $53,183,680 on 04/01/16, collateralized by $53,645,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $54,248,506.

  $ 53,183,636        53,183,636   
   

 

 

 

Total Short-Term Investments
(Cost $114,231,064)

      114,231,064   
   

 

 

 

Total Investments—101.7%
(Cost $3,130,132,448) (d)

      3,575,379,860   

Other assets and liabilities (net)—(1.7)%

      (58,074,257
   

 

 

 
Net Assets—100.0%     $ 3,517,305,603   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $74,378,258 and the collateral received consisted of cash in the amount of $61,047,428 and non-cash collateral with a value of $15,433,016. 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) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2016, these securities represent less than 0.05% of net assets.
(c) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $3,130,132,448. The aggregate unrealized appreciation and depreciation of investments were $511,534,719 and $(66,287,307), respectively, resulting in net unrealized appreciation of $445,247,412.

 

MSF-141


Table of Contents

Metropolitan Series Fund

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio)

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 368,153,573       $ —        $ —         $ 368,153,573   

Air Freight & Logistics

     112,740,047         —          —           112,740,047   

Banks

     133,562,463         —          —           133,562,463   

Beverages

     124,738,374         94,887,793        —           219,626,167   

Biotechnology

     69,918,506         —          —           69,918,506   

Capital Markets

     63,842,912         —          —           63,842,912   

Chemicals

     134,037,795         —          —           134,037,795   

Consumer Finance

     62,887,353         —          —           62,887,353   

Energy Equipment & Services

     50,172,346         —          —           50,172,346   

Food & Staples Retailing

     252,921,372         —          —           252,921,372   

Health Care Equipment & Supplies

     91,953,675         —          —           91,953,675   

Health Care Providers & Services

     177,877,455         —          —           177,877,455   

Hotels, Restaurants & Leisure

     92,016,361         —          —           92,016,361   

Household Products

     166,228,199         —          —           166,228,199   

Insurance

     193,742,471         —          —           193,742,471   

IT Services

     184,523,679         —          —           184,523,679   

Media

     43,981,718         —          —           43,981,718   

Oil, Gas & Consumable Fuels

     52,779,562         —          —           52,779,562   

Pharmaceuticals

     174,488,474         66,804,423        —           241,292,897   

Real Estate Investment Trusts

     63,389,596         —          —           63,389,596   

Road & Rail

     166,351,873         —          —           166,351,873   

Software

     193,550,169         —          —           193,550,169   

Specialty Retail

     171,373,266         —          —           171,373,266   

Textiles, Apparel & Luxury Goods

     154,225,341         —          —           154,225,341   

Total Common Stocks

     3,299,456,580         161,692,216        —           3,461,148,796   

Total Escrow Shares*

     —           —          0         0   
Short-Term Investments           

Mutual Fund

     61,047,428         —          —           61,047,428   

Repurchase Agreement

     —           53,183,636        —           53,183,636   

Total Short-Term Investments

     61,047,428         53,183,636        —           114,231,064   

Total Investments

   $ 3,360,504,008       $ 214,875,852      $ 0       $ 3,575,379,860   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (61,047,428   $ —         $ (61,047,428

 

* See Schedule of Investments for additional detailed categorizations.

As of March 31, 2016, the security designated as Level 3 was fair valued using significant unobservable inputs under procedures adopted by the Board. Such valuations were based on a review of inputs such as, but not limited to, similar securities, company specific financial information, and company specific news. For this security there was no change in the valuation techniques used since the December 31, 2015 annual report. The Level 3 security comprised 0.0% of net assets of the Portfolio. As such, the Level 3 roll forward and change in unrealized appreciation (depreciation) of the Level 3 security held at March 31, 2016 have not been presented.

 

MSF-142


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio

Schedule of Investments as of March 31, 2016 (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)

    728,833      $ 7,113,413   

BlackRock Bond Income Portfolio (Class A) (a)

    754,115        82,153,341   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    204,199        7,059,163   

BlackRock High Yield Portfolio (Class A) (b)

    470,738        3,464,633   

BlackRock Large Cap Value Portfolio (Class A) (a)

    836,193        7,107,641   

Clarion Global Real Estate Portfolio (Class A) (b)

    291,444        3,587,676   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    318,901        3,552,560   

Harris Oakmark International Portfolio (Class A) (b)

    540,247        7,088,040   

Invesco Comstock Portfolio (Class A) (b)

    1,029,007        14,117,971   

Jennison Growth Portfolio (Class A) (a)

    489,507        7,083,172   

JPMorgan Core Bond Portfolio (Class A) (b)

    6,150,262        65,069,774   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    228,353        3,569,158   

Lord Abbett Bond Debenture Portfolio
(Class A) (b)

    297,707        3,498,055   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    204,788        1,806,231   

Met/Artisan International Portfolio (Class A) (b)

    758,560        7,047,024   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    15,639        3,554,961   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    1,371,642        13,785,005   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    4,245,521        40,969,278   

Met/Templeton International Bond Portfolio (Class A) (b)

    1,403,112        13,764,528   

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio) (Class A) (a)

    481,992        14,074,156   

Met/Wellington Large Cap Research Portfolio (formerly, WMC Large Cap Research Portfolio) (Class A) (b)

    513,247        7,077,673   

Affiliated Investment Companies—(Continued)

  

MetLife Small Cap Value Portfolio (Class A) (b)

    271,692      3,572,748   

MFS Research International Portfolio (Class A) (b)

    521,864        5,255,168   

MFS Value Portfolio (Class A) (a)

    910,894        14,073,316   

Neuberger Berman Genesis Portfolio (Class A) (a)

    384,535        7,083,131   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    6,444,290        62,316,287   

PIMCO Total Return Portfolio (Class A) (b)

    7,118,852        82,151,556   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    328,049        7,053,061   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    408,690        14,116,135   

TCW Core Fixed Income Portfolio (Class A) (b) (c)

    6,368,841        65,025,865   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    1,899,345        24,121,681   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    7,332,098        88,865,027   
   

 

 

 

Total Mutual Funds
(Cost $701,718,430)

      690,177,428   
   

 

 

 

Total Investments—100.0%
(Cost $701,718,430) (d)

      690,177,428   

Other assets and liabilities (net)—0.0%

      (294,917
   

 

 

 
Net Assets—100.0%     $ 689,882,511   
   

 

 

 

 

(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, 2016, the aggregate cost of investments was $701,718,430. The aggregate unrealized appreciation and depreciation of investments were $10,660,810 and $(22,201,812), respectively, resulting in net unrealized depreciation of $(11,541,002).

 

MSF-143


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 690,177,428       $ —         $ —         $ 690,177,428   

Total Investments

   $ 690,177,428       $ —         $ —         $ 690,177,428   
                                     

 

MSF-144


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of March 31, 2016 (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)

    14,831,776      $ 144,758,130   

BlackRock Bond Income Portfolio (Class A) (a)

    5,872,581        639,759,022   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    3,990,449        137,949,813   

BlackRock High Yield Portfolio (Class A) (b)

    4,860,205        35,771,110   

BlackRock Large Cap Value Portfolio (Class A) (a)

    17,009,666        144,582,159   

Clarion Global Real Estate Portfolio (Class A) (b)

    4,420,787        54,419,890   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    7,196,357        105,138,779   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    3,243,297        36,130,325   

Harris Oakmark International Portfolio (Class A) (b)

    13,692,527        179,645,951   

Invesco Comstock Portfolio (Class A) (b)

    15,760,059        216,228,015   

Invesco Small Cap Growth Portfolio (Class A) (b)

    7,405,609        108,047,830   

Jennison Growth Portfolio (Class A) (a)

    7,187,553        104,003,887   

JPMorgan Core Bond Portfolio (Class A) (b)

    47,000,238        497,262,513   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    4,643,499        72,577,888   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    3,060,147        35,956,722   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    8,235,147        72,634,000   

Met/Artisan International Portfolio (Class A) (b)

    9,423,191        87,541,441   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    158,975        36,136,591   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    14,253,795        143,250,640   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    29,402,893        283,737,917   

Met/Templeton International Bond Portfolio (Class A) (b)

    21,669,492        212,577,719   

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio) (Class A) (a)

    8,645,707        252,454,652   

Met/Wellington Large Cap Research Portfolio (formerly, WMC Large Cap Research Portfolio) (Class A) (b)

    10,404,708        143,480,922   

Affiliated Investment Companies—(Continued)

  

MetLife Small Cap Value Portfolio
(Class A) (b)

    5,510,184      72,458,921   

MFS Research International Portfolio (Class A) (b)

    10,533,946        106,076,840   

MFS Value Portfolio (Class A) (a)

    16,310,774        252,001,457   

Neuberger Berman Genesis Portfolio (Class A) (a)

    3,928,009        72,353,917   

Oppenheimer Global Equity Portfolio (Class A) (b)

    1,812,442        34,780,757   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    44,811,213        433,324,432   

PIMCO Total Return Portfolio (Class A) (b)

    55,648,265        642,180,976   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    6,478,021        139,277,449   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    7,304,279        252,289,784   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    3,190,324        36,242,081   

TCW Core Fixed Income Portfolio (Class A) (b) (c)

    48,716,721        497,397,719   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    8,473,275        71,768,642   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    16,898,802        214,614,790   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    46,654,052        565,447,108   
   

 

 

 

Total Mutual Funds
(Cost $7,078,546,623)

      7,134,260,789   
   

 

 

 

Total Investments—100.0%
(Cost $7,078,546,623) (d)

      7,134,260,789   

Other assets and liabilities (net)—0.0%

      (2,019,666
   

 

 

 
Net Assets—100.0%     $ 7,132,241,123   
   

 

 

 

 

(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, 2016, the aggregate cost of investments was $7,078,546,623. The aggregate unrealized appreciation and depreciation of investments were $330,415,395 and $(274,701,229), respectively, resulting in net unrealized appreciation of $55,714,166.

 

MSF-145


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 7,134,260,789       $ —         $ —         $ 7,134,260,789   

Total Investments

   $ 7,134,260,789       $ —         $ —         $ 7,134,260,789   
                                     

 

MSF-146


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of March 31, 2016 (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)

    37,539,758      $ 366,388,041   

BlackRock Bond Income Portfolio (Class A) (a)

    7,885,435        859,039,257   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    12,246,066        423,346,514   

BlackRock High Yield Portfolio (Class A) (b)

    11,819,047        86,988,188   

BlackRock Large Cap Value Portfolio (Class A) (a)

    60,304,108        512,584,921   

Clarion Global Real Estate Portfolio (Class A) (b)

    18,267,358        224,871,176   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    28,779,815        420,473,103   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    6,536,314        72,814,533   

Harris Oakmark International Portfolio (Class A) (b)

    32,784,347        430,130,635   

Invesco Comstock Portfolio (Class A) (b)

    36,794,383        504,818,934   

Invesco Small Cap Growth Portfolio (Class A) (b)

    17,148,632        250,198,535   

Jennison Growth Portfolio (Class A) (a)

    34,081,248        493,155,664   

JPMorgan Core Bond Portfolio (Class A) (b)

    60,850,297        643,796,138   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    9,496,528        148,430,736   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    5,605,392        69,787,124   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    8,708,553        102,325,494   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    29,836,505        263,157,975   

Met/Artisan International Portfolio (Class A) (b)

    30,425,461        282,652,528   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    651,794        148,159,254   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    11,357,511        147,988,365   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    28,841,577        289,857,853   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    44,312,590        427,616,496   

Met/Templeton International Bond Portfolio (Class A) (b)

    43,829,611        429,968,487   

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio) (Class A) (a)

    20,182,412        589,326,420   

Affiliated Investment Companies—(Continued)

  

Met/Wellington Large Cap Research Portfolio (formerly, WMC Large Cap Research Portfolio) (Class A) (b)

    26,624,133      367,146,793   

MetLife Small Cap Value Portfolio (Class A) (b)

    14,148,899        186,058,021   

MFS Research International Portfolio (Class A) (b)

    27,898,867        280,941,589   

MFS Value Portfolio (Class A) (a)

    42,832,818        661,767,041   

Neuberger Berman Genesis Portfolio (Class A) (a)

    10,014,094        184,459,610   

Oppenheimer Global Equity Portfolio (Class A) (b)

    7,239,024        138,916,879   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    45,379,795        438,822,621   

PIMCO Total Return Portfolio (Class A) (b)

    74,617,156        861,081,982   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    19,751,763        424,662,895   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    17,037,447        588,473,415   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    13,028,524        148,004,036   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    10,094,635        217,135,604   

TCW Core Fixed Income Portfolio (Class A) (b) (c)

    63,059,159        643,834,012   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    35,345,576        299,377,031   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    19,414,340        246,562,118   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    46,970,041        569,276,895   
   

 

 

 

Total Mutual Funds
(Cost $14,189,792,839)

      14,444,396,913   
   

 

 

 

Total Investments—100.0%
(Cost $14,189,792,839) (d)

      14,444,396,913   

Other assets and liabilities (net)—0.0%

      (3,755,074
   

 

 

 
Net Assets—100.0%     $ 14,440,641,839   
   

 

 

 

 

(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, 2016, the aggregate cost of investments was $14,189,792,839. The aggregate unrealized appreciation and depreciation of investments were $904,826,819 and $(650,222,745), respectively, resulting in net unrealized appreciation of $254,604,074.

 

MSF-147


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 14,444,396,913       $ —         $ —         $ 14,444,396,913   

Total Investments

   $ 14,444,396,913       $ —         $ —         $ 14,444,396,913   
                                     

 

MSF-148


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of March 31, 2016 (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)

    39,730,025      $ 387,765,048   

BlackRock Bond Income Portfolio (Class A) (a)

    2,889,871        314,822,520   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    10,829,453        374,374,202   

BlackRock High Yield Portfolio (Class A) (b)

    7,323,403        53,900,244   

BlackRock Large Cap Value Portfolio (Class A) (a)

    45,427,589        386,134,506   

Clarion Global Real Estate Portfolio (Class A) (b)

    22,745,531        279,997,484   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    33,003,880        482,186,689   

Frontier Mid Cap Growth Portfolio (Class A) (a)

    1,658,485        55,277,296   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    14,790,948        164,771,158   

Harris Oakmark International Portfolio (Class A) (b)

    32,487,489        426,235,851   

Invesco Comstock Portfolio (Class A) (b)

    35,899,685        492,543,673   

Invesco Mid Cap Value Portfolio (Class A) (b)

    3,119,850        54,441,374   

Invesco Small Cap Growth Portfolio (Class A) (b)

    20,227,800        295,123,603   

Jennison Growth Portfolio (Class A) (a)

    37,001,308        535,408,921   

JPMorgan Core Bond Portfolio (Class A) (b)

    19,819,600        209,691,364   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    10,688,600        167,062,815   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    12,702,504        158,146,180   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    13,899,134        163,314,823   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    31,819,250        280,645,788   

Met/Artisan International Portfolio (Class A) (b)

    34,441,934        319,965,571   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    487,795        110,880,584   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    17,012,287        221,670,106   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    10,582,400        106,353,116   

Met/Templeton International Bond Portfolio (Class A) (b)

    32,290,958        316,774,299   

Met/Wellington Core Equity Opportunities Portfolio (formerly, WMC Core Equity Opportunities Portfolio) (Class A) (a)

    16,934,165        494,477,604   

Affiliated Investment Companies—(Continued)

  

Met/Wellington Large Cap Research Portfolio (formerly, WMC Large Cap Research Portfolio) (Class A) (b)

    23,982,494      330,718,596   

MetLife Small Cap Value Portfolio (Class A) (b)

    12,719,077        167,255,858   

MFS Research International Portfolio (Class A) (b)

    31,699,327        319,212,221   

MFS Value Portfolio (Class A) (a)

    35,553,454        549,300,867   

Morgan Stanley Mid Cap Growth Portfolio (Class A) (b) (c)

    3,579,689        51,296,936   

Neuberger Berman Genesis Portfolio (Class A) (a)

    4,507,004        83,019,019   

Oppenheimer Global Equity Portfolio (Class A) (b)

    5,501,083        105,565,774   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    16,664,510        161,145,811   

PIMCO Total Return Portfolio (Class A) (b)

    27,363,696        315,777,051   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    22,494,022        483,621,467   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    14,332,823        495,055,714   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    9,768,899        110,974,689   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    7,672,695        165,039,669   

TCW Core Fixed Income Portfolio (Class A) (b) (c)

    20,543,795        209,752,143   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    39,470,410        334,314,369   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    8,411,246        106,822,826   
   

 

 

 

Total Mutual Funds
(Cost $10,479,100,279)

      10,840,837,829   
   

 

 

 

Total Investments—100.0%
(Cost $10,479,100,279) (d)

      10,840,837,829   

Other assets and liabilities
(net)—0.0%

      (2,865,967
   

 

 

 
Net Assets—100.0%     $ 10,837,971,862   
   

 

 

 

 

(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, 2016, the aggregate cost of investments was $10,479,100,279. The aggregate unrealized appreciation and depreciation of investments were $866,401,855 and $(504,664,305), respectively, resulting in net unrealized appreciation of $361,737,550.

 

MSF-149


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 10,840,837,829       $ —         $ —         $ 10,840,837,829   

Total Investments

   $ 10,840,837,829       $ —         $ —         $ 10,840,837,829   
                                     

 

MSF-150


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—94.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.8%

   

BE Aerospace, Inc.

    62,547      $ 2,884,668   

Curtiss-Wright Corp.

    27,276        2,063,975   

Esterline Technologies Corp. (a) (b)

    18,150        1,162,870   

Huntington Ingalls Industries, Inc.

    28,677        3,927,028   

KLX, Inc. (a)

    32,329        1,039,054   

Orbital ATK, Inc.

    36,036        3,132,970   

Teledyne Technologies, Inc. (a)

    21,113        1,860,900   

Triumph Group, Inc. (b)

    30,216        951,200   
   

 

 

 
      17,022,665   
   

 

 

 

Airlines—1.1%

   

Alaska Air Group, Inc.

    76,403        6,266,574   

JetBlue Airways Corp. (a) (b)

    196,676        4,153,797   
   

 

 

 
      10,420,371   
   

 

 

 

Auto Components—0.4%

   

Dana Holding Corp.

    91,496        1,289,179   

Gentex Corp. (b)

    176,958        2,776,471   
   

 

 

 
      4,065,650   
   

 

 

 

Automobiles—0.2%

   

Thor Industries, Inc.

    27,969        1,783,583   
   

 

 

 

Banks—5.2%

   

Associated Banc-Corp.

    91,702        1,645,134   

BancorpSouth, Inc.

    51,952        1,107,097   

Bank of Hawaii Corp. (b)

    26,404        1,802,865   

Bank of the Ozarks, Inc. (b)

    50,000        2,098,500   

Cathay General Bancorp

    45,343        1,284,567   

Commerce Bancshares, Inc. (b)

    50,964        2,290,832   

Cullen/Frost Bankers, Inc. (b)

    33,411        1,841,280   

East West Bancorp, Inc.

    88,146        2,862,982   

First Horizon National Corp.

    145,632        1,907,779   

First Niagara Financial Group, Inc.

    217,323        2,103,687   

FirstMerit Corp.

    101,533        2,137,270   

FNB Corp.

    128,295        1,669,118   

Fulton Financial Corp.

    106,352        1,422,990   

Hancock Holding Co. (b)

    47,470        1,089,911   

International Bancshares Corp.

    33,925        836,590   

PacWest Bancorp

    70,089        2,603,806   

PrivateBancorp, Inc.

    48,615        1,876,539   

Prosperity Bancshares, Inc.

    40,233        1,866,409   

Signature Bank (a)

    32,631        4,441,732   

SVB Financial Group (a)

    31,616        3,226,413   

Synovus Financial Corp.

    77,379        2,237,027   

TCF Financial Corp.

    104,512        1,281,317   

Trustmark Corp. (b)

    41,414        953,764   

Umpqua Holdings Corp. (b)

    134,945        2,140,228   

Valley National Bancorp

    136,977        1,306,761   

Webster Financial Corp.

    56,001        2,010,436   
   

 

 

 
      50,045,034   
   

 

 

 

Beverages—0.1%

   

Boston Beer Co., Inc. (The) - Class A (a) (b)

    5,798        1,073,036   
   

 

 

 

Biotechnology—0.3%

   

United Therapeutics Corp. (a) (b)

    27,781      3,095,637   
   

 

 

 

Building Products—1.3%

   

A.O. Smith Corp.

    45,744        3,490,725   

Fortune Brands Home & Security, Inc.

    96,533        5,409,709   

Lennox International, Inc. (b)

    24,370        3,294,580   
   

 

 

 
      12,195,014   
   

 

 

 

Capital Markets—1.7%

   

Eaton Vance Corp.

    70,273        2,355,551   

Federated Investors, Inc. - Class B

    57,888        1,670,069   

Janus Capital Group, Inc.

    89,958        1,316,086   

Raymond James Financial, Inc.

    78,427        3,733,909   

SEI Investments Co.

    84,204        3,624,982   

Stifel Financial Corp. (a)

    42,577        1,260,279   

Waddell & Reed Financial, Inc. - Class A

    50,080        1,178,883   

WisdomTree Investments, Inc. (b)

    69,351        792,682   
   

 

 

 
      15,932,441   
   

 

 

 

Chemicals—3.1%

   

Albemarle Corp. (b)

    68,759        4,395,763   

Ashland, Inc.

    38,729        4,258,641   

Cabot Corp.

    38,198        1,846,109   

Minerals Technologies, Inc.

    21,356        1,214,089   

NewMarket Corp. (b)

    6,098        2,416,393   

Olin Corp. (b)

    101,140        1,756,802   

PolyOne Corp.

    52,254        1,580,684   

RPM International, Inc.

    81,366        3,851,053   

Scotts Miracle-Gro Co. (The) - Class A

    27,837        2,025,698   

Sensient Technologies Corp.

    27,543        1,747,879   

Valspar Corp. (The)

    44,523        4,764,851   
   

 

 

 
      29,857,962   
   

 

 

 

Commercial Services & Supplies—1.8%

   

Clean Harbors, Inc. (a)

    32,109        1,584,258   

Copart, Inc. (a)

    62,431        2,545,312   

Deluxe Corp. (b)

    29,993        1,874,263   

Herman Miller, Inc.

    36,653        1,132,211   

HNI Corp.

    27,049        1,059,509   

MSA Safety, Inc.

    19,458        940,794   

Rollins, Inc.

    57,632        1,562,980   

RR Donnelley & Sons Co. (b)

    127,880        2,097,232   

Waste Connections, Inc.

    74,974        4,842,571   
   

 

 

 
      17,639,130   
   

 

 

 

Communications Equipment—0.9%

   

ARRIS International plc (a) (b)

    109,999        2,521,177   

Ciena Corp. (a) (b)

    79,135        1,505,148   

InterDigital, Inc. (b)

    21,437        1,192,969   

NetScout Systems, Inc. (a)

    60,378        1,386,883   

Plantronics, Inc.

    20,562        805,825   

Polycom, Inc. (a)

    82,028        914,612   
   

 

 

 
      8,326,614   
   

 

 

 

 

MSF-151


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Construction & Engineering—0.7%

   

AECOM (a)

    93,481      $ 2,878,280   

Granite Construction, Inc.

    24,143        1,154,035   

KBR, Inc.

    87,090        1,348,153   

Valmont Industries, Inc.

    13,958        1,728,559   
   

 

 

 
      7,109,027   
   

 

 

 

Construction Materials—0.2%

   

Eagle Materials, Inc.

    30,205        2,117,673   
   

 

 

 

Consumer Finance—0.2%

   

SLM Corp. (a)

    261,139        1,660,844   
   

 

 

 

Containers & Packaging—1.5%

   

AptarGroup, Inc.

    38,494        3,018,315   

Bemis Co., Inc.

    58,000        3,003,240   

Greif, Inc. - Class A (b)

    15,738        515,419   

Packaging Corp. of America

    57,734        3,487,134   

Silgan Holdings, Inc.

    24,786        1,317,872   

Sonoco Products Co.

    61,843        3,003,714   
   

 

 

 
      14,345,694   
   

 

 

 

Distributors—0.9%

   

LKQ Corp. (a)

    187,564        5,988,919   

Pool Corp.

    25,752        2,259,480   
   

 

 

 
      8,248,399   
   

 

 

 

Diversified Consumer Services—0.6%

   

DeVry Education Group, Inc. (b)

    34,829        601,497   

Graham Holdings Co. - Class B

    2,633        1,263,840   

Service Corp. International

    119,374        2,946,150   

Sotheby’s (b)

    33,768        902,619   
   

 

 

 
      5,714,106   
   

 

 

 

Diversified Financial Services—1.5%

   

CBOE Holdings, Inc.

    50,103        3,273,229   

FactSet Research Systems, Inc.

    25,232        3,823,405   

MarketAxess Holdings, Inc.

    22,985        2,869,217   

MSCI, Inc.

    54,460        4,034,397   
   

 

 

 
      14,000,248   
   

 

 

 

Electric Utilities—2.0%

   

Cleco Corp. (b)

    37,088        2,047,628   

Great Plains Energy, Inc.

    94,417        3,044,948   

Hawaiian Electric Industries, Inc.

    65,925        2,135,970   

IDACORP, Inc. (b)

    30,810        2,298,118   

OGE Energy Corp.

    122,327        3,502,222   

PNM Resources, Inc.

    48,791        1,645,233   

Westar Energy, Inc.

    86,751        4,303,717   
   

 

 

 
      18,977,836   
   

 

 

 

Electrical Equipment—1.1%

   

Acuity Brands, Inc.

    26,819        5,850,297   

Hubbell, Inc.

    32,669        3,460,627   

Regal-Beloit Corp.

    27,362        1,726,268   
   

 

 

 
      11,037,192   
   

 

 

 

Electronic Equipment, Instruments & Components—4.0%

  

Arrow Electronics, Inc. (a)

    55,707      3,588,088   

Avnet, Inc.

    80,407        3,562,030   

Belden, Inc.

    25,720        1,578,694   

Cognex Corp.

    51,996        2,025,244   

FEI Co.

    25,031        2,228,009   

Ingram Micro, Inc. - Class A

    90,879        3,263,465   

IPG Photonics Corp. (a) (b)

    22,354        2,147,772   

Jabil Circuit, Inc.

    116,721        2,249,214   

Keysight Technologies, Inc. (a)

    104,936        2,910,925   

Knowles Corp. (a)

    54,173        714,000   

National Instruments Corp.

    61,833        1,861,792   

SYNNEX Corp.

    17,745        1,643,010   

Tech Data Corp. (a) (b)

    21,483        1,649,250   

Trimble Navigation, Ltd. (a)

    153,688        3,811,462   

VeriFone Systems, Inc. (a)

    67,479        1,905,607   

Vishay Intertechnology, Inc. (b)

    83,040        1,013,918   

Zebra Technologies Corp. - Class A (a) (b)

    31,944        2,204,136   
   

 

 

 
      38,356,616   
   

 

 

 

Energy Equipment & Services—1.4%

   

Dril-Quip, Inc. (a) (b)

    23,248        1,407,899   

Ensco plc - Class A

    144,132        1,494,649   

Nabors Industries, Ltd.

    172,498        1,586,982   

Noble Corp. plc (b)

    148,973        1,541,870   

Oceaneering International, Inc.

    59,938        1,992,339   

Oil States International, Inc. (a)

    31,515        993,353   

Patterson-UTI Energy, Inc. (b)

    90,147        1,588,390   

Rowan Cos. plc - Class A

    76,460        1,231,006   

Superior Energy Services, Inc.

    92,738        1,241,762   
   

 

 

 
      13,078,250   
   

 

 

 

Food & Staples Retailing—0.8%

   

Casey’s General Stores, Inc.

    23,921        2,710,728   

Sprouts Farmers Market, Inc. (a)

    86,576        2,514,167   

SUPERVALU, Inc. (a)

    162,882        938,200   

United Natural Foods, Inc. (a) (b)

    30,824        1,242,207   
   

 

 

 
      7,405,302   
   

 

 

 

Food Products—2.5%

   

Dean Foods Co. (b)

    56,162        972,726   

Flowers Foods, Inc. (b)

    114,437        2,112,507   

Hain Celestial Group, Inc. (The) (a) (b)

    63,154        2,583,630   

Ingredion, Inc.

    44,034        4,702,391   

Lancaster Colony Corp.

    11,906        1,316,446   

Post Holdings, Inc. (a)

    39,261        2,699,979   

Snyder’s-Lance, Inc.

    48,424        1,524,388   

Tootsie Roll Industries, Inc. (b)

    11,021        385,086   

TreeHouse Foods, Inc. (a)

    34,545        2,996,779   

WhiteWave Foods Co. (The) (a)

    108,019        4,389,892   
   

 

 

 
      23,683,824   
   

 

 

 

Gas Utilities—2.1%

   

Atmos Energy Corp.

    62,511        4,642,067   

National Fuel Gas Co. (b)

    51,938        2,599,497   

New Jersey Resources Corp.

    52,632        1,917,384   

 

MSF-152


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Gas Utilities—(Continued)

   

ONE Gas, Inc. (b)

    32,031      $ 1,957,094   

Questar Corp.

    107,200        2,658,560   

UGI Corp.

    105,306        4,242,779   

WGL Holdings, Inc.

    30,534        2,209,745   
   

 

 

 
      20,227,126   
   

 

 

 

Health Care Equipment & Supplies—3.5%

  

ABIOMED, Inc. (a)

    23,904        2,266,338   

Align Technology, Inc. (a)

    44,385        3,226,346   

Cooper Cos., Inc. (The) (b)

    29,642        4,563,979   

Halyard Health, Inc. (a) (b)

    28,553        820,328   

Hill-Rom Holdings, Inc.

    34,808        1,750,842   

IDEXX Laboratories, Inc. (a) (b)

    54,908        4,300,394   

LivaNova plc (a)

    26,047        1,406,017   

ResMed, Inc. (b)

    85,782        4,959,915   

STERIS plc (b)

    52,605        3,737,585   

Teleflex, Inc. (b)

    25,496        4,003,127   

West Pharmaceutical Services, Inc.

    44,308        3,071,431   
   

 

 

 
      34,106,302   
   

 

 

 

Health Care Providers & Services—1.8%

   

Amsurg Corp. (a)

    32,808        2,447,477   

Community Health Systems, Inc. (a)

    69,072        1,278,523   

LifePoint Health, Inc. (a)

    26,421        1,829,654   

MEDNAX, Inc. (a)

    57,458        3,712,936   

Molina Healthcare, Inc. (a) (b)

    25,130        1,620,634   

Owens & Minor, Inc. (b)

    38,398        1,552,047   

VCA, Inc. (a)

    49,473        2,854,097   

WellCare Health Plans, Inc. (a)

    27,028        2,506,847   
   

 

 

 
      17,802,215   
   

 

 

 

Health Care Technology—0.2%

   

Allscripts Healthcare Solutions, Inc. (a)

    115,982        1,532,122   
   

 

 

 

Hotels, Restaurants & Leisure—2.1%

   

Brinker International, Inc. (b)

    34,981        1,607,377   

Buffalo Wild Wings, Inc. (a) (b)

    11,534        1,708,416   

Cheesecake Factory, Inc. (The) (b)

    27,649        1,467,885   

Cracker Barrel Old Country Store, Inc. (b)

    14,665        2,238,906   

Domino’s Pizza, Inc.

    30,517        4,023,972   

Dunkin’ Brands Group, Inc. (b)

    56,150        2,648,596   

International Speedway Corp. - Class A

    16,362        603,922   

Jack in the Box, Inc.

    21,244        1,356,854   

Panera Bread Co. - Class A (a) (b)

    14,086        2,885,235   

Wendy’s Co. (The)

    134,015        1,459,423   
   

 

 

 
      20,000,586   
   

 

 

 

Household Durables—2.3%

   

CalAtlantic Group, Inc.

    46,807        1,564,290   

Jarden Corp. (a) (c)

    126,621        7,464,308   

KB Home (b)

    51,822        740,018   

MDC Holdings, Inc. (b)

    24,015        601,816   

NVR, Inc. (a)

    2,235        3,871,914   

Tempur Sealy International, Inc. (a) (b)

    38,238        2,324,488   

Toll Brothers, Inc. (a)

    94,971        2,802,594   

Household Durables—(Continued)

   

TRI Pointe Group, Inc. (a)

    89,260      1,051,483   

Tupperware Brands Corp. (b)

    30,934        1,793,553   
   

 

 

 
      22,214,464   
   

 

 

 

Household Products—0.2%

   

Energizer Holdings, Inc.

    37,874        1,534,276   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.0%

  

Talen Energy Corp. (a)

    39,364        354,276   
   

 

 

 

Industrial Conglomerates—0.4%

   

Carlisle Cos., Inc.

    39,322        3,912,539   
   

 

 

 

Insurance—5.1%

   

Alleghany Corp. (a)

    9,461        4,694,548   

American Financial Group, Inc.

    43,494        3,060,673   

Arthur J. Gallagher & Co.

    108,437        4,823,278   

Aspen Insurance Holdings, Ltd.

    37,353        1,781,738   

Brown & Brown, Inc.

    70,475        2,523,005   

CNO Financial Group, Inc. (b)

    110,010        1,971,379   

Endurance Specialty Holdings, Ltd.

    37,714        2,464,233   

Everest Re Group, Ltd. (b)

    26,152        5,163,189   

First American Financial Corp.

    66,821        2,546,548   

Genworth Financial, Inc. - Class A (a)

    304,944        832,497   

Hanover Insurance Group, Inc. (The)

    26,229        2,366,380   

Kemper Corp.

    29,552        873,853   

Mercury General Corp. (b)

    22,302        1,237,761   

Old Republic International Corp.

    149,283        2,728,893   

Primerica, Inc. (b)

    29,443        1,311,097   

Reinsurance Group of America, Inc.

    39,946        3,844,803   

RenaissanceRe Holdings, Ltd. (b)

    26,429        3,166,987   

W.R. Berkley Corp. (b)

    60,072        3,376,047   
   

 

 

 
      48,766,909   
   

 

 

 

Internet & Catalog Retail—0.1%

   

HSN, Inc.

    19,533        1,021,771   

Internet Software & Services—0.4%

   

comScore, Inc. (a) (b)

    28,811        865,482   

j2 Global, Inc. (b)

    28,321        1,744,007   

Rackspace Hosting, Inc. (a) (b)

    68,203        1,472,503   
   

 

 

 
      4,081,992   
   

 

 

 

IT Services—3.7%

   

Acxiom Corp. (a)

    47,609        1,020,737   

Broadridge Financial Solutions, Inc.

    72,792        4,317,293   

Computer Sciences Corp.

    84,572        2,908,431   

Convergys Corp. (b)

    59,163        1,642,956   

CoreLogic, Inc. (a)

    54,056        1,875,743   

DST Systems, Inc.

    19,399        2,187,625   

Gartner, Inc. (a)

    50,437        4,506,546   

Global Payments, Inc.

    79,232        5,173,850   

Jack Henry & Associates, Inc.

    48,307        4,085,323   

Leidos Holdings, Inc.

    39,342        1,979,689   

MAXIMUS, Inc.

    39,751        2,092,493   

NeuStar, Inc. - Class A (a) (b)

    32,935        810,201   

 

MSF-153


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

IT Services—(Continued)

   

Science Applications International Corp.

    25,343      $ 1,351,796   

WEX, Inc. (a)

    23,671        1,973,215   
   

 

 

 
      35,925,898   
   

 

 

 

Leisure Products—0.9%

   

Brunswick Corp.

    55,760        2,675,365   

Polaris Industries, Inc. (b)

    37,004        3,644,154   

Vista Outdoor, Inc. (a)

    37,436        1,943,303   
   

 

 

 
      8,262,822   
   

 

 

 

Life Sciences Tools & Services—1.4%

   

Bio-Rad Laboratories, Inc. - Class A (a)

    12,768        1,745,641   

Bio-Techne Corp.

    22,781        2,153,260   

Charles River Laboratories International, Inc. (a)

    28,617        2,173,175   

Mettler-Toledo International, Inc. (a)

    16,528        5,698,194   

PAREXEL International Corp. (a)

    32,888        2,063,064   
   

 

 

 
      13,833,334   
   

 

 

 

Machinery—4.1%

   

AGCO Corp. (b)

    43,434        2,158,670   

CLARCOR, Inc. (b)

    29,860        1,725,609   

Crane Co.

    30,320        1,633,035   

Donaldson Co., Inc. (b)

    75,566        2,411,311   

Graco, Inc. (b)

    33,761        2,834,574   

IDEX Corp.

    46,510        3,854,749   

ITT Corp.

    54,823        2,022,420   

Joy Global, Inc. (b)

    59,988        964,007   

Kennametal, Inc.

    48,802        1,097,557   

Lincoln Electric Holdings, Inc.

    39,406        2,308,009   

Nordson Corp. (b)

    32,815        2,495,253   

Oshkosh Corp. (b)

    44,784        1,830,322   

Terex Corp.

    66,522        1,655,067   

Timken Co. (The)

    42,649        1,428,315   

Toro Co. (The)

    33,355        2,872,533   

Trinity Industries, Inc. (b)

    93,633        1,714,420   

Wabtec Corp. (b)

    56,312        4,464,979   

Woodward, Inc.

    34,134        1,775,651   
   

 

 

 
      39,246,481   
   

 

 

 

Marine—0.2%

   

Kirby Corp. (a)

    32,959        1,987,098   
   

 

 

 

Media—1.4%

   

AMC Networks, Inc. - Class A (a)

    37,310        2,422,911   

Cable One, Inc.

    2,690        1,175,880   

Cinemark Holdings, Inc.

    64,618        2,315,263   

DreamWorks Animation SKG, Inc. - Class A (a)

    43,769        1,092,037   

John Wiley & Sons, Inc. - Class A

    29,762        1,455,064   

Live Nation Entertainment, Inc. (a)

    89,291        1,992,082   

Meredith Corp.

    23,107        1,097,582   

New York Times Co. (The) - Class A (b)

    75,178        936,718   

Time, Inc.

    64,227        991,665   
   

 

 

 
      13,479,202   
   

 

 

 

Metals & Mining—1.6%

   

Allegheny Technologies, Inc. (b)

    66,714      1,087,438   

Carpenter Technology Corp. (b)

    28,688        981,990   

Commercial Metals Co.

    71,203        1,208,315   

Compass Minerals International, Inc. (b)

    20,667        1,464,464   

Reliance Steel & Aluminum Co.

    44,021        3,045,813   

Royal Gold, Inc. (b)

    39,975        2,050,318   

Steel Dynamics, Inc.

    148,963        3,353,157   

United States Steel Corp. (b)

    89,606        1,438,176   

Worthington Industries, Inc.

    27,885        993,822   
   

 

 

 
      15,623,493   
   

 

 

 

Multi-Utilities—1.2%

   

Alliant Energy Corp.

    69,503        5,162,683   

Black Hills Corp. (b)

    31,359        1,885,617   

MDU Resources Group, Inc. (b)

    119,609        2,327,591   

Vectren Corp.

    50,702        2,563,493   
   

 

 

 
      11,939,384   
   

 

 

 

Multiline Retail—0.4%

   

Big Lots, Inc. (b)

    30,353        1,374,687   

J.C. Penney Co., Inc. (a) (b)

    187,501        2,073,761   
   

 

 

 
      3,448,448   
   

 

 

 

Oil, Gas & Consumable Fuels—1.8%

   

CONSOL Energy, Inc. (b)

    140,306        1,584,055   

Denbury Resources, Inc. (b)

    214,890        477,056   

Energen Corp.

    59,450        2,175,275   

Gulfport Energy Corp. (a)

    75,358        2,135,646   

HollyFrontier Corp.

    108,126        3,819,010   

QEP Resources, Inc.

    116,922        1,649,769   

SM Energy Co. (b)

    41,701        781,477   

Western Refining, Inc.

    41,351        1,202,901   

World Fuel Services Corp.

    43,368        2,106,817   

WPX Energy, Inc. (a) (b)

    143,435        1,002,611   
   

 

 

 
      16,934,617   
   

 

 

 

Paper & Forest Products—0.3%

   

Domtar Corp.

    38,380        1,554,390   

Louisiana-Pacific Corp. (a) (b)

    87,698        1,501,390   
   

 

 

 
      3,055,780   
   

 

 

 

Personal Products—0.4%

   

Avon Products, Inc.

    266,747        1,283,053   

Edgewell Personal Care Co.

    36,359        2,927,990   
   

 

 

 
      4,211,043   
   

 

 

 

Pharmaceuticals—0.3%

   

Akorn, Inc. (a) (b)

    49,067        1,154,546   

Catalent, Inc. (a)

    60,258        1,607,081   
   

 

 

 
      2,761,627   
   

 

 

 

Professional Services—0.6%

   

CEB, Inc.

    19,997        1,294,406   

FTI Consulting, Inc. (a)

    25,257        896,876   

 

MSF-154


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Professional Services—(Continued)

   

ManpowerGroup, Inc.

    44,284      $ 3,605,603   
   

 

 

 
      5,796,885   
   

 

 

 

Real Estate Investment Trusts—9.2%

   

Alexandria Real Estate Equities, Inc.

    44,948        4,085,324   

American Campus Communities, Inc.

    79,816        3,758,536   

Camden Property Trust

    53,249        4,477,708   

Care Capital Properties, Inc.

    51,332        1,377,751   

Communications Sales & Leasing, Inc. (a)

    73,756        1,641,071   

Corporate Office Properties Trust

    57,903        1,519,375   

Corrections Corp. of America (b)

    71,817        2,301,735   

Douglas Emmett, Inc.

    85,739        2,581,601   

Duke Realty Corp.

    211,881        4,775,798   

EPR Properties

    38,779        2,583,457   

Equity One, Inc.

    55,558        1,592,292   

First Industrial Realty Trust, Inc.

    71,266        1,620,589   

Healthcare Realty Trust, Inc.

    62,608        1,933,961   

Highwoods Properties, Inc.

    58,868        2,814,479   

Hospitality Properties Trust

    92,829        2,465,538   

Kilroy Realty Corp.

    56,476        3,494,170   

Lamar Advertising Co. - Class A

    50,282        3,092,343   

LaSalle Hotel Properties (b)

    69,178        1,750,895   

Liberty Property Trust

    89,562        2,996,745   

Mack-Cali Realty Corp.

    54,880        1,289,680   

Mid-America Apartment Communities, Inc.

    46,206        4,722,715   

National Retail Properties, Inc.

    86,397        3,991,541   

Omega Healthcare Investors, Inc.

    101,411        3,579,808   

Post Properties, Inc.

    32,861        1,963,116   

Potlatch Corp.

    24,919        784,949   

Rayonier, Inc.

    75,181        1,855,467   

Regency Centers Corp.

    59,789        4,475,207   

Senior Housing Properties Trust

    145,463        2,602,333   

Sovran Self Storage, Inc.

    24,135        2,846,723   

Tanger Factory Outlet Centers, Inc.

    58,066        2,113,022   

Taubman Centers, Inc.

    36,898        2,628,245   

Urban Edge Properties

    56,563        1,461,588   

Weingarten Realty Investors

    69,852        2,620,847   

WP Glimcher, Inc.

    113,511        1,077,219   
   

 

 

 
      88,875,828   
   

 

 

 

Real Estate Management & Development—0.4%

  

Alexander & Baldwin, Inc.

    28,185        1,033,826   

Jones Lang LaSalle, Inc.

    27,617        3,240,026   
   

 

 

 
      4,273,852   
   

 

 

 

Road & Rail—0.8%

   

Genesee & Wyoming, Inc. - Class A (a)

    34,884        2,187,227   

Landstar System, Inc. (b)

    25,984        1,678,826   

Old Dominion Freight Line, Inc. (a)

    42,101        2,931,072   

Werner Enterprises, Inc.

    27,360        743,097   
   

 

 

 
      7,540,222   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.0%

  

Advanced Micro Devices, Inc. (a) (b)

    393,581        1,121,706   

Atmel Corp. (c)

    258,086        2,095,658   

Semiconductors & Semiconductor Equipment—(Continued)

  

Cree, Inc. (a)

    61,825      1,799,108   

Cypress Semiconductor Corp. (b)

    192,682        1,668,626   

Fairchild Semiconductor International, Inc. (a)

    69,571        1,391,420   

Integrated Device Technology, Inc. (a)

    82,922        1,694,926   

Intersil Corp. - Class A

    81,326        1,087,329   

Microsemi Corp. (a)

    68,844        2,637,414   

Silicon Laboratories, Inc. (a)

    23,672        1,064,293   

SunEdison, Inc. (a) (b)

    194,138        104,873   

Synaptics, Inc. (a)

    22,460        1,790,960   

Teradyne, Inc.

    125,165        2,702,312   
   

 

 

 
      19,158,625   
   

 

 

 

Software—3.9%

   

ACI Worldwide, Inc. (a)

    72,938        1,516,381   

ANSYS, Inc. (a) (b)

    54,030        4,833,524   

Cadence Design Systems, Inc. (a)

    187,046        4,410,545   

CDK Global, Inc.

    95,114        4,427,557   

CommVault Systems, Inc. (a)

    25,730        1,110,764   

Fair Isaac Corp.

    19,221        2,039,156   

Fortinet, Inc. (a)

    89,348        2,736,729   

Manhattan Associates, Inc. (a)

    44,715        2,542,942   

Mentor Graphics Corp.

    61,167        1,243,525   

PTC, Inc. (a)

    70,156        2,326,373   

Synopsys, Inc. (a)

    92,818        4,496,104   

Tyler Technologies, Inc. (a)

    20,162        2,593,035   

Ultimate Software Group, Inc. (The) (a) (b)

    17,671        3,419,338   
   

 

 

 
      37,695,973   
   

 

 

 

Specialty Retail—2.6%

   

Aaron’s, Inc.

    39,583        993,533   

Abercrombie & Fitch Co. - Class A (b)

    41,166        1,298,376   

American Eagle Outfitters, Inc. (b)

    101,810        1,697,173   

Ascena Retail Group, Inc. (a)

    104,573        1,156,577   

Cabela’s, Inc. (a)

    29,495        1,436,112   

Chico’s FAS, Inc.

    81,893        1,086,720   

CST Brands, Inc.

    46,318        1,773,516   

Dick’s Sporting Goods, Inc.

    55,179        2,579,618   

Foot Locker, Inc. (b)

    84,080        5,423,160   

Guess?, Inc. (b)

    38,998        731,992   

Murphy USA, Inc. (a)

    23,999        1,474,739   

Office Depot, Inc. (a)

    302,653        2,148,836   

Williams-Sonoma, Inc.

    50,631        2,771,541   
   

 

 

 
      24,571,893   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.6%

  

3D Systems Corp. (a) (b)

    65,220        1,008,953   

Diebold, Inc. (b)

    39,899        1,153,480   

Lexmark International, Inc. - Class A

    37,944        1,268,468   

NCR Corp. (a)

    75,828        2,269,532   
   

 

 

 
      5,700,433   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.0%

  

Carter’s, Inc.

    31,698        3,340,335   

Deckers Outdoor Corp. (a)

    19,864        1,190,052   

Fossil Group, Inc. (a) (b)

    25,353        1,126,180   

 

MSF-155


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Textiles, Apparel & Luxury Goods—(Continued)

  

Kate Spade & Co. (a)

    78,471      $ 2,002,580   

Skechers USA, Inc. - Class A (a) (b)

    80,044        2,437,340   
   

 

 

 
      10,096,487   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

   

New York Community Bancorp, Inc.

    297,918        4,736,896   

Washington Federal, Inc.

    56,086        1,270,348   
   

 

 

 
      6,007,244   
   

 

 

 

Trading Companies & Distributors—0.7%

  

GATX Corp. (b)

    25,788        1,224,930   

MSC Industrial Direct Co., Inc. - Class A

    29,537        2,253,968   

NOW, Inc. (a) (b)

    65,723        1,164,612   

Watsco, Inc.

    15,775        2,125,524   
   

 

 

 
      6,769,034   
   

 

 

 

Water Utilities—0.4%

   

Aqua America, Inc.

    108,446        3,450,752   
   

 

 

 

Wireless Telecommunication Services—0.2%

  

Telephone & Data Systems, Inc.

    57,908        1,742,452   
   

 

 

 

Total Common Stocks
(Cost $702,137,595)

      905,135,633   
   

 

 

 
Mutual Fund—3.6%   

Investment Company Security—3.6%

  

SPDR S&P MidCap 400 ETF Trust (b) (Cost $32,911,508)

    132,500        34,810,400   
   

 

 

 
Short-Term Investments—19.0%   

Discount Notes—1.8%

   

Fannie Mae
0.297%, 05/11/16 (d)

    675,000        674,775   

0.395%, 06/29/16 (d)

    100,000        99,903   

0.402%, 07/19/16 (d)

    4,800,000        4,794,187   

Federal Home Loan Bank
0.293%, 04/15/16 (d)

    475,000        474,943   

0.301%, 06/28/16 (d)

    675,000        674,505   

0.326%, 06/29/16 (d)

    2,225,000        2,223,212   

0.345%, 05/04/16 (d)

    600,000        599,808   

0.355%, 05/06/16 (d)

    2,450,000        2,449,142   

0.453%, 07/22/16 (d)

    2,475,000        2,471,535   

0.484%, 08/19/16 (d)

    1,800,000        1,796,640   

Discount Notes—(Continued)

   

Freddie Mac
0.354%, 06/09/16 (d)

    1,425,000      1,424,034   
   

 

 

 
      17,682,684   
   

 

 

 

Mutual Fund—16.7%

   

State Street Navigator Securities Lending MET Portfolio (e)

    160,684,562        160,684,562   
   

 

 

 

U.S. Treasury—0.5%

   

U.S. Treasury Bills
0.258%, 04/21/16 (d)

    125,000        124,981   

0.270%, 05/05/16 (d)

    4,250,000        4,248,899   

0.289%, 06/02/16 (d)

    150,000        149,925   
   

 

 

 
      4,523,805   
   

 

 

 

Total Short-Term Investments
(Cost $182,891,051)

      182,891,051   
   

 

 

 

Total Investments—116.8%
(Cost $917,940,154) (f)

      1,122,837,084   

Other assets and liabilities (net)—(16.8)%

      (161,810,065
   

 

 

 
Net Assets—100.0%     $ 961,027,019   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $182,279,291 and the collateral received consisted of cash in the amount of $160,684,562 and non-cash collateral with a value of $26,227,720. 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, 2016, the market value of securities pledged was $3,759,500.
(d) The rate shown represents current yield to maturity.
(e) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(f) As of March 31, 2016, the aggregate cost of investments was $917,940,154. The aggregate unrealized appreciation and depreciation of investments were $268,228,442 and $(63,331,512), respectively, resulting in net unrealized appreciation of $204,896,930.
(ETF)— Exchange-Traded Fund

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

S&P Midcap 400 E-Mini Index Futures

     06/17/16         142         USD         19,557,357       $ 907,683   
              

 

 

 

 

(USD)— United States Dollar

 

MSF-156


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 905,135,633       $ —        $ —         $ 905,135,633   

Total Mutual Fund*

     34,810,400         —          —           34,810,400   
Short-Term Investments           

Discount Notes

     —           17,682,684        —           17,682,684   

Mutual Fund

     160,684,562         —          —           160,684,562   

U.S. Treasury

     —           4,523,805        —           4,523,805   

Total Short-Term Investments

     160,684,562         22,206,489        —           182,891,051   

Total Investments

   $ 1,100,630,595       $ 22,206,489      $ —         $ 1,122,837,084   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (160,684,562   $ —         $ (160,684,562
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 907,683       $ —        $ —         $ 907,683   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-157


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—99.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.4%

   

Boeing Co. (The) (a)

    214,122      $ 27,180,647   

General Dynamics Corp.

    100,568        13,211,618   

Honeywell International, Inc.

    264,517        29,639,130   

L-3 Communications Holdings, Inc.

    26,757        3,170,705   

Lockheed Martin Corp.

    90,331        20,008,316   

Northrop Grumman Corp.

    62,214        12,312,151   

Raytheon Co.

    102,805        12,606,977   

Rockwell Collins, Inc. (a)

    45,087        4,157,472   

Textron, Inc.

    93,237        3,399,421   

United Technologies Corp.

    267,460        26,772,746   
   

 

 

 
      152,459,183   
   

 

 

 

Air Freight & Logistics—0.7%

   

C.H. Robinson Worldwide, Inc.

    49,251        3,655,902   

Expeditors International of Washington, Inc.

    62,612        3,056,092   

FedEx Corp.

    88,132        14,340,839   

United Parcel Service, Inc. - Class B

    237,305        25,028,558   
   

 

 

 
      46,081,391   
   

 

 

 

Airlines—0.6%

   

American Airlines Group, Inc.

    207,335        8,502,808   

Delta Air Lines, Inc.

    267,675        13,030,419   

Southwest Airlines Co.

    219,387        9,828,538   

United Continental Holdings, Inc. (b)

    123,602        7,398,816   
   

 

 

 
      38,760,581   
   

 

 

 

Auto Components—0.3%

   

BorgWarner, Inc.

    75,174        2,886,682   

Delphi Automotive plc

    95,425        7,158,783   

Goodyear Tire & Rubber Co. (The)

    91,817        3,028,125   

Johnson Controls, Inc.

    222,882        8,685,711   
   

 

 

 
      21,759,301   
   

 

 

 

Automobiles—0.6%

   

Ford Motor Co.

    1,340,478        18,096,453   

General Motors Co.

    483,249        15,188,516   

Harley-Davidson, Inc. (a)

    63,273        3,247,803   
   

 

 

 
      36,532,772   
   

 

 

 

Banks—5.2%

   

Bank of America Corp.

    3,550,267        47,999,610   

BB&T Corp.

    268,342        8,927,738   

Citigroup, Inc.

    1,013,653        42,320,013   

Citizens Financial Group, Inc.

    181,477        3,801,943   

Comerica, Inc.

    60,128        2,277,047   

Fifth Third Bancorp

    269,298        4,494,584   

Huntington Bancshares, Inc. (a)

    273,353        2,607,788   

JPMorgan Chase & Co.

    1,261,949        74,732,620   

KeyCorp

    287,306        3,171,858   

M&T Bank Corp.

    54,702        6,071,922   

People’s United Financial, Inc. (a)

    106,738        1,700,336   

PNC Financial Services Group, Inc. (The)

    172,295        14,570,988   

Regions Financial Corp.

    442,794        3,475,933   

SunTrust Banks, Inc.

    173,634        6,264,715   

U.S. Bancorp

    561,501        22,791,326   

Banks—(Continued)

   

Wells Fargo & Co.

    1,588,431      76,816,523   

Zions Bancorporation

    70,315        1,702,326   
   

 

 

 
      323,727,270   
   

 

 

 

Beverages—2.4%

   

Brown-Forman Corp. - Class B (a)

    34,555        3,402,631   

Coca-Cola Co. (The)

    1,339,752        62,151,095   

Coca-Cola Enterprises, Inc.

    71,912        3,648,815   

Constellation Brands, Inc. - Class A

    60,476        9,137,319   

Dr Pepper Snapple Group, Inc.

    64,417        5,760,168   

Molson Coors Brewing Co. - Class B

    63,206        6,079,153   

Monster Beverage Corp. (b)

    51,630        6,886,409   

PepsiCo, Inc.

    496,977        50,930,203   
   

 

 

 
      147,995,793   
   

 

 

 

Biotechnology—3.2%

   

AbbVie, Inc.

    553,992        31,644,023   

Alexion Pharmaceuticals, Inc. (b)

    77,462        10,784,260   

Amgen, Inc.

    258,592        38,770,699   

Baxalta, Inc.

    234,231        9,462,932   

Biogen, Inc. (b)

    75,187        19,572,680   

Celgene Corp. (b)

    268,760        26,900,189   

Gilead Sciences, Inc.

    469,963        43,170,801   

Regeneron Pharmaceuticals, Inc. (b)

    26,846        9,676,372   

Vertex Pharmaceuticals, Inc. (b)

    84,717        6,734,154   
   

 

 

 
      196,716,110   
   

 

 

 

Building Products—0.1%

   

Allegion plc

    33,041        2,105,042   

Masco Corp.

    114,816        3,610,963   
   

 

 

 
      5,716,005   
   

 

 

 

Capital Markets—1.8%

   

Affiliated Managers Group, Inc. (b)

    18,564        3,014,794   

Ameriprise Financial, Inc.

    58,097        5,461,699   

Bank of New York Mellon Corp. (The)

    369,893        13,623,159   

BlackRock, Inc.

    43,404        14,782,100   

Charles Schwab Corp. (The)

    413,172        11,577,079   

E*Trade Financial Corp. (b)

    97,203        2,380,502   

Franklin Resources, Inc.

    128,374        5,013,005   

Goldman Sachs Group, Inc. (The)

    135,052        21,200,463   

Invesco, Ltd.

    143,176        4,405,526   

Legg Mason, Inc.

    37,033        1,284,304   

Morgan Stanley

    525,264        13,136,853   

Northern Trust Corp.

    74,008        4,823,101   

State Street Corp.

    137,538        8,048,724   

T. Rowe Price Group, Inc.

    85,331        6,268,415   
   

 

 

 
      115,019,724   
   

 

 

 

Chemicals—2.1%

   

Air Products & Chemicals, Inc.

    66,733        9,612,889   

Airgas, Inc.

    22,413        3,174,577   

CF Industries Holdings, Inc.

    80,141        2,511,619   

Dow Chemical Co. (The)

    384,097        19,535,173   

E.I. du Pont de Nemours & Co.

    299,710        18,977,637   

 

MSF-158


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Chemicals—(Continued)

   

Eastman Chemical Co.

    50,822      $ 3,670,873   

Ecolab, Inc.

    91,597        10,214,898   

FMC Corp. (a)

    45,955        1,855,203   

International Flavors & Fragrances, Inc. (a)

    27,461        3,124,238   

LyondellBasell Industries NV - Class A

    118,883        10,174,007   

Monsanto Co.

    151,407        13,284,450   

Mosaic Co. (The) (a)

    121,205        3,272,535   

PPG Industries, Inc.

    91,722        10,226,086   

Praxair, Inc.

    97,935        11,208,661   

Sherwin-Williams Co. (The)

    26,967        7,676,696   
   

 

 

 
      128,519,542   
   

 

 

 

Commercial Services & Supplies—0.4%

  

ADT Corp. (The)

    56,841        2,345,260   

Cintas Corp.

    30,114        2,704,538   

Pitney Bowes, Inc. (a)

    65,864        1,418,710   

Republic Services, Inc.

    81,818        3,898,628   

Stericycle, Inc. (b)

    29,221        3,687,398   

Tyco International plc

    145,996        5,359,513   

Waste Management, Inc.

    142,502        8,407,618   
   

 

 

 
      27,821,665   
   

 

 

 

Communications Equipment—1.0%

   

Cisco Systems, Inc.

    1,730,196        49,258,680   

F5 Networks, Inc. (b)

    23,640        2,502,294   

Harris Corp.

    42,860        3,337,080   

Juniper Networks, Inc.

    121,027        3,087,399   

Motorola Solutions, Inc.

    54,548        4,129,283   
   

 

 

 
      62,314,736   
   

 

 

 

Construction & Engineering—0.1%

   

Fluor Corp.

    47,764        2,564,927   

Jacobs Engineering Group, Inc. (b)

    42,131        1,834,805   

Quanta Services, Inc. (b)

    54,938        1,239,401   
   

 

 

 
      5,639,133   
   

 

 

 

Construction Materials—0.1%

   

Martin Marietta Materials, Inc. (a)

    22,119        3,528,202   

Vulcan Materials Co.

    45,792        4,834,261   
   

 

 

 
      8,362,463   
   

 

 

 

Consumer Finance—0.8%

   

American Express Co.

    281,748        17,299,327   

Capital One Financial Corp.

    181,329        12,567,913   

Discover Financial Services

    142,414        7,251,721   

Navient Corp.

    117,870        1,410,904   

Synchrony Financial (b)

    286,695        8,216,679   
   

 

 

 
      46,746,544   
   

 

 

 

Containers & Packaging—0.3%

   

Avery Dennison Corp.

    30,749        2,217,310   

Ball Corp. (a)

    48,725        3,473,605   

International Paper Co.

    141,368        5,801,743   

Owens-Illinois, Inc. (b)

    55,350        883,386   

Containers & Packaging—(Continued)

   

Sealed Air Corp.

    67,387      3,235,250   

WestRock Co.

    87,281        3,406,578   
   

 

 

 
      19,017,872   
   

 

 

 

Distributors—0.1%

   

Genuine Parts Co.

    51,408        5,107,899   
   

 

 

 

Diversified Consumer Services—0.0%

   

H&R Block, Inc. (a)

    81,126        2,143,349   
   

 

 

 

Diversified Financial Services—2.1%

   

Berkshire Hathaway, Inc. - Class B (b)

    644,184        91,396,826   

CME Group, Inc.

    116,357        11,176,090   

Intercontinental Exchange, Inc.

    40,878        9,612,053   

Leucadia National Corp.

    114,586        1,852,856   

McGraw Hill Financial, Inc.

    91,218        9,028,758   

Moody’s Corp.

    58,301        5,629,544   

Nasdaq, Inc.

    39,445        2,618,359   
   

 

 

 
      131,314,486   
   

 

 

 

Diversified Telecommunication Services—2.8%

  

AT&T, Inc.

    2,114,973        82,843,492   

CenturyLink, Inc. (a)

    186,993        5,976,296   

Frontier Communications Corp.

    401,655        2,245,252   

Level 3 Communications, Inc. (b)

    99,381        5,252,286   

Verizon Communications, Inc.

    1,400,711        75,750,451   
   

 

 

 
      172,067,777   
   

 

 

 

Electric Utilities—2.1%

   

American Electric Power Co., Inc.

    168,839        11,210,910   

Duke Energy Corp.

    236,686        19,095,827   

Edison International

    112,024        8,053,405   

Entergy Corp.

    61,371        4,865,493   

Eversource Energy

    109,060        6,362,560   

Exelon Corp.

    316,298        11,342,446   

FirstEnergy Corp.

    145,664        5,239,534   

NextEra Energy, Inc.

    158,368        18,741,269   

PG&E Corp.

    169,450        10,119,554   

Pinnacle West Capital Corp.

    38,167        2,865,197   

PPL Corp.

    231,692        8,820,514   

Southern Co. (The)

    313,864        16,236,185   

Xcel Energy, Inc.

    174,512        7,298,092   
   

 

 

 
      130,250,986   
   

 

 

 

Electrical Equipment—0.5%

   

AMETEK, Inc.

    80,985        4,047,630   

Eaton Corp. plc

    157,784        9,870,967   

Emerson Electric Co.

    221,123        12,024,669   

Rockwell Automation, Inc. (a)

    45,187        5,140,021   
   

 

 

 
      31,083,287   
   

 

 

 

Electronic Equipment, Instruments & Components—0.4%

  

Amphenol Corp. - Class A (a)

    105,913        6,123,890   

Corning, Inc.

    382,627        7,993,078   

FLIR Systems, Inc.

    47,296        1,558,403   

 

MSF-159


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electronic Equipment, Instruments & Components—(Continued)

  

TE Connectivity, Ltd.

    127,106      $ 7,870,403   
   

 

 

 
      23,545,774   
   

 

 

 

Energy Equipment & Services—1.0%

  

Baker Hughes, Inc.

    150,547        6,598,475   

Cameron International Corp. (b)

    65,877        4,417,053   

Diamond Offshore Drilling, Inc. (a)

    22,164        481,624   

FMC Technologies, Inc. (b)

    78,017        2,134,545   

Halliburton Co.

    295,124        10,541,829   

Helmerich & Payne, Inc. (a)

    37,137        2,180,685   

National Oilwell Varco, Inc. (a)

    129,211        4,018,462   

Schlumberger, Ltd. (a)

    430,898        31,778,728   

Transocean, Ltd. (a)

    117,681        1,075,604   
   

 

 

 
      63,227,005   
   

 

 

 

Food & Staples Retailing—2.4%

  

Costco Wholesale Corp.

    151,209        23,827,514   

CVS Health Corp.

    377,695        39,178,302   

Kroger Co. (The)

    335,139        12,819,067   

Sysco Corp.

    180,538        8,436,541   

Wal-Mart Stores, Inc.

    539,445        36,946,588   

Walgreens Boots Alliance, Inc.

    296,725        24,996,114   

Whole Foods Market, Inc.

    111,612        3,472,249   
   

 

 

 
      149,676,375   
   

 

 

 

Food Products—1.7%

   

Archer-Daniels-Midland Co.

    204,692        7,432,366   

Campbell Soup Co. (a)

    61,827        3,943,944   

ConAgra Foods, Inc.

    149,267        6,660,294   

General Mills, Inc.

    204,010        12,924,033   

Hershey Co. (The) (a)

    49,315        4,541,418   

Hormel Foods Corp. (a)

    92,923        4,017,991   

J.M. Smucker Co. (The)

    41,151        5,343,046   

Kellogg Co.

    86,709        6,637,574   

Kraft Heinz Co. (The)

    204,439        16,060,728   

McCormick & Co., Inc.

    39,668        3,946,173   

Mead Johnson Nutrition Co. (a)

    64,109        5,447,342   

Mondelez International, Inc. - Class A

    539,421        21,641,570   

Tyson Foods, Inc. - Class A

    100,774        6,717,595   
   

 

 

 
      105,314,074   
   

 

 

 

Gas Utilities—0.0%

   

AGL Resources, Inc.

    41,391        2,696,210   
   

 

 

 

Health Care Equipment & Supplies—2.2%

  

Abbott Laboratories

    506,545        21,188,777   

Baxter International, Inc.

    188,375        7,738,445   

Becton Dickinson & Co.

    72,829        11,056,899   

Boston Scientific Corp. (b)

    463,602        8,720,354   

C.R. Bard, Inc.

    25,353        5,138,292   

DENTSPLY SIRONA, Inc.

    82,957        5,112,640   

Edwards Lifesciences Corp. (b)

    73,785        6,508,575   

Hologic, Inc. (b)

    84,899        2,929,015   

Intuitive Surgical, Inc. (b)

    12,853        7,725,296   

Medtronic plc

    483,479        36,260,925   

Health Care Equipment & Supplies—(Continued)

  

St. Jude Medical, Inc.

    97,516      5,363,380   

Stryker Corp.

    107,724        11,557,708   

Varian Medical Systems, Inc. (a) (b)

    32,837        2,627,617   

Zimmer Biomet Holdings, Inc.

    61,529        6,560,837   
   

 

 

 
      138,488,760   
   

 

 

 

Health Care Providers & Services—2.7%

  

Aetna, Inc.

    120,203        13,504,807   

AmerisourceBergen Corp.

    67,112        5,808,544   

Anthem, Inc.

    89,861        12,489,780   

Cardinal Health, Inc.

    113,234        9,279,526   

Centene Corp. (b)

    58,431        3,597,597   

Cigna Corp.

    87,940        12,068,885   

DaVita HealthCare Partners, Inc. (b)

    56,975        4,180,825   

Express Scripts Holding Co. (a) (b)

    229,694        15,777,681   

HCA Holdings, Inc. (b)

    105,094        8,202,587   

Henry Schein, Inc. (a) (b)

    28,174        4,863,678   

Humana, Inc.

    50,991        9,328,803   

Laboratory Corp. of America Holdings (b)

    34,968        4,095,802   

McKesson Corp.

    78,595        12,359,064   

Patterson Cos., Inc. (a)

    28,717        1,336,202   

Quest Diagnostics, Inc.

    49,085        3,507,123   

Tenet Healthcare Corp. (a) (b)

    33,877        980,062   

UnitedHealth Group, Inc.

    326,871        42,133,672   

Universal Health Services, Inc. - Class B

    31,077        3,875,923   
   

 

 

 
      167,390,561   
   

 

 

 

Health Care Technology—0.1%

  

Cerner Corp. (b)

    104,048        5,510,382   
   

 

 

 

Hotels, Restaurants & Leisure—1.9%

  

Carnival Corp.

    154,944        8,176,395   

Chipotle Mexican Grill, Inc. (a) (b)

    10,330        4,865,120   

Darden Restaurants, Inc. (a)

    39,682        2,630,916   

Marriott International, Inc. - Class A (a)

    65,366        4,652,752   

McDonald’s Corp.

    310,000        38,960,800   

Royal Caribbean Cruises, Ltd. (a)

    58,306        4,789,838   

Starbucks Corp.

    508,216        30,340,495   

Starwood Hotels & Resorts Worldwide, Inc.

    58,025        4,841,026   

Wyndham Worldwide Corp. (a)

    38,684        2,956,618   

Wynn Resorts, Ltd. (a)

    27,988        2,614,919   

Yum! Brands, Inc.

    140,528        11,502,217   
   

 

 

 
      116,331,096   
   

 

 

 

Household Durables—0.4%

  

DR Horton, Inc.

    113,152        3,420,585   

Garmin, Ltd.

    40,443        1,616,102   

Harman International Industries, Inc.

    24,461        2,178,007   

Leggett & Platt, Inc.

    46,656        2,258,150   

Lennar Corp. - Class A (a)

    61,928        2,994,838   

Mohawk Industries, Inc. (b)

    21,869        4,174,792   

Newell Rubbermaid, Inc.

    91,871        4,068,967   

PulteGroup, Inc.

    109,243        2,043,937   

Whirlpool Corp. (a)

    26,555        4,788,929   
   

 

 

 
      27,544,307   
   

 

 

 

 

MSF-160


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Products—2.0%

   

Church & Dwight Co., Inc.

    44,603      $ 4,111,505   

Clorox Co. (The)

    44,508        5,610,679   

Colgate-Palmolive Co.

    306,951        21,686,088   

Kimberly-Clark Corp.

    124,089        16,691,211   

Procter & Gamble Co. (The)

    912,033        75,069,436   
   

 

 

 
      123,168,919   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

AES Corp.

    226,836        2,676,665   

NRG Energy, Inc.

    108,269        1,408,579   
   

 

 

 
      4,085,244   
   

 

 

 

Industrial Conglomerates—2.6%

  

3M Co.

    208,031        34,664,205   

Danaher Corp.

    205,550        19,498,473   

General Electric Co.

    3,208,147        101,986,993   

Roper Technologies, Inc.

    34,749        6,351,075   
   

 

 

 
      162,500,746   
   

 

 

 

Insurance—2.6%

   

Aflac, Inc.

    144,409        9,117,984   

Allstate Corp. (The)

    130,071        8,762,883   

American International Group, Inc.

    395,215        21,361,371   

Aon plc

    92,862        9,699,436   

Assurant, Inc.

    22,272        1,718,285   

Chubb, Ltd.

    158,453        18,879,675   

Cincinnati Financial Corp.

    50,854        3,323,817   

Hartford Financial Services Group, Inc. (The)

    136,389        6,284,805   

Lincoln National Corp.

    82,848        3,247,642   

Loews Corp.

    92,080        3,522,981   

Marsh & McLennan Cos., Inc.

    179,213        10,894,358   

MetLife, Inc. (c)

    377,067        16,568,324   

Principal Financial Group, Inc.

    93,251        3,678,752   

Progressive Corp. (The)

    200,909        7,059,942   

Prudential Financial, Inc.

    153,348        11,074,793   

Torchmark Corp.

    38,776        2,100,108   

Travelers Cos., Inc. (The)

    101,422        11,836,962   

Unum Group

    82,126        2,539,336   

Willis Towers Watson plc

    47,507        5,637,181   

XL Group plc

    100,328        3,692,070   
   

 

 

 
      161,000,705   
   

 

 

 

Internet & Catalog Retail—2.0%

  

Amazon.com, Inc. (b)

    132,750        78,805,710   

Expedia, Inc.

    40,741        4,392,695   

Netflix, Inc. (a) (b)

    147,187        15,046,927   

Priceline Group, Inc. (The) (b)

    17,060        21,989,658   

TripAdvisor, Inc. (b)

    39,169        2,604,738   
   

 

 

 
      122,839,728   
   

 

 

 

Internet Software & Services—4.3%

   

Akamai Technologies, Inc. (a) (b)

    60,771        3,377,045   

Alphabet, Inc. - Class A (b)

    100,599        76,746,977   

Alphabet, Inc. - Class C (b) (d)

    102,174        76,114,521   

eBay, Inc. (b)

    372,852        8,896,249   

Internet Software & Services—(Continued)

  

Facebook, Inc. - Class A (b)

    789,070      90,032,887   

VeriSign, Inc. (a) (b)

    33,122        2,932,622   

Yahoo!, Inc. (b)

    299,499        11,024,558   
   

 

 

 
      269,124,859   
   

 

 

 

IT Services—3.7%

   

Accenture plc - Class A

    215,896        24,914,398   

Alliance Data Systems Corp. (b)

    20,376        4,482,720   

Automatic Data Processing, Inc.

    157,286        14,110,127   

Cognizant Technology Solutions Corp. - Class A (b)

    209,434        13,131,512   

CSRA, Inc.

    46,854        1,260,373   

Fidelity National Information Services, Inc.

    94,929        6,009,955   

Fiserv, Inc. (b)

    76,653        7,863,065   

International Business Machines Corp.

    303,950        46,033,227   

MasterCard, Inc. - Class A

    337,137        31,859,447   

Paychex, Inc. (a)

    110,452        5,965,513   

PayPal Holdings, Inc. (b)

    382,557        14,766,700   

Teradata Corp. (b)

    45,729        1,199,929   

Total System Services, Inc.

    57,940        2,756,785   

Visa, Inc. - Class A (a)

    659,856        50,465,787   

Western Union Co. (The) (a)

    172,573        3,328,933   

Xerox Corp.

    327,370        3,653,449   
   

 

 

 
      231,801,920   
   

 

 

 

Leisure Products—0.1%

   

Hasbro, Inc.

    38,617        3,093,222   

Mattel, Inc. (a)

    116,904        3,930,312   
   

 

 

 
      7,023,534   
   

 

 

 

Life Sciences Tools & Services—0.6%

  

Agilent Technologies, Inc.

    112,697        4,490,975   

Illumina, Inc. (b)

    50,543        8,193,526   

PerkinElmer, Inc.

    37,748        1,867,016   

Thermo Fisher Scientific, Inc.

    136,247        19,291,213   

Waters Corp. (b)

    27,938        3,685,581   
   

 

 

 
      37,528,311   
   

 

 

 

Machinery—1.3%

   

Caterpillar, Inc. (a)

    200,220        15,324,839   

Cummins, Inc. (a)

    55,741        6,128,166   

Deere & Co. (a)

    102,998        7,929,816   

Dover Corp.

    53,297        3,428,596   

Flowserve Corp. (a)

    44,722        1,986,104   

Illinois Tool Works, Inc.

    112,567        11,531,363   

Ingersoll-Rand plc

    88,312        5,476,227   

PACCAR, Inc. (a)

    120,808        6,606,990   

Parker-Hannifin Corp.

    46,453        5,159,999   

Pentair plc (a)

    62,729        3,403,676   

Snap-on, Inc.

    19,974        3,135,718   

Stanley Black & Decker, Inc.

    52,377        5,510,584   

Xylem, Inc.

    61,368        2,509,951   
   

 

 

 
      78,132,029   
   

 

 

 

 

MSF-161


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Media—3.1%

   

Cablevision Systems Corp. - Class A

    76,509      $ 2,524,797   

CBS Corp. - Class B

    145,032        7,989,813   

Comcast Corp. - Class A

    836,524        51,094,886   

Discovery Communications, Inc. - Class A (a) (b)

    51,606        1,477,480   

Discovery Communications, Inc. - Class C (b)

    81,826        2,209,302   

Interpublic Group of Cos., Inc. (The)

    138,264        3,173,159   

News Corp. - Class A

    130,649        1,668,388   

News Corp. - Class B (a)

    37,065        491,111   

Omnicom Group, Inc. (a)

    82,379        6,856,404   

Scripps Networks Interactive, Inc. - Class A (a)

    32,617        2,136,413   

TEGNA, Inc.

    75,546        1,772,309   

Time Warner Cable, Inc.

    97,397        19,929,374   

Time Warner, Inc.

    271,679        19,710,311   

Twenty-First Century Fox, Inc. - Class A

    384,900        10,731,012   

Twenty-First Century Fox, Inc. - Class B

    148,260        4,180,932   

Viacom, Inc. - Class B

    119,122        4,917,356   

Walt Disney Co. (The)

    516,105        51,254,388   
   

 

 

 
      192,117,435   
   

 

 

 

Metals & Mining—0.3%

   

Alcoa, Inc.

    452,084        4,330,965   

Freeport-McMoRan, Inc. (a)

    430,424        4,450,584   

Newmont Mining Corp.

    181,942        4,836,018   

Nucor Corp.

    109,317        5,170,694   
   

 

 

 
      18,788,261   
   

 

 

 

Multi-Utilities—1.1%

   

Ameren Corp.

    83,425        4,179,592   

CenterPoint Energy, Inc.

    147,940        3,094,905   

CMS Energy Corp. (a)

    95,298        4,044,447   

Consolidated Edison, Inc. (a)

    100,945        7,734,406   

Dominion Resources, Inc.

    205,067        15,404,633   

DTE Energy Co.

    61,709        5,594,538   

NiSource, Inc.

    109,937        2,590,116   

Public Service Enterprise Group, Inc.

    174,127        8,208,347   

SCANA Corp.

    49,139        3,447,101   

Sempra Energy

    81,074        8,435,750   

TECO Energy, Inc.

    80,970        2,229,104   

WEC Energy Group, Inc.

    108,530        6,519,397   
   

 

 

 
      71,482,336   
   

 

 

 

Multiline Retail—0.7%

   

Dollar General Corp.

    100,032        8,562,739   

Dollar Tree, Inc. (a) (b)

    80,730        6,656,996   

Kohl’s Corp.

    65,265        3,042,002   

Macy’s, Inc.

    106,690        4,703,962   

Nordstrom, Inc. (a)

    44,144        2,525,478   

Target Corp.

    207,064        17,037,226   
   

 

 

 
      42,528,403   
   

 

 

 

Oil, Gas & Consumable Fuels—5.7%

  

Anadarko Petroleum Corp.

    174,816        8,141,181   

Apache Corp. (a)

    130,070        6,348,717   

Cabot Oil & Gas Corp. (a)

    157,495        3,576,711   

Chesapeake Energy Corp. (a)

    177,904        732,964   

Oil, Gas & Consumable Fuels—(Continued)

  

Chevron Corp.

    647,487      61,770,260   

Cimarex Energy Co.

    32,602        3,171,197   

Columbia Pipeline Group, Inc.

    137,477        3,450,673   

Concho Resources, Inc. (b)

    44,402        4,486,378   

ConocoPhillips

    425,044        17,116,522   

Devon Energy Corp.

    175,456        4,814,513   

EOG Resources, Inc.

    189,066        13,722,410   

EQT Corp.

    54,900        3,692,574   

Exxon Mobil Corp.

    1,427,845        119,353,564   

Hess Corp.

    91,046        4,793,572   

Kinder Morgan, Inc.

    629,167        11,236,923   

Marathon Oil Corp.

    290,068        3,231,357   

Marathon Petroleum Corp.

    181,964        6,765,421   

Murphy Oil Corp. (a)

    55,601        1,400,589   

Newfield Exploration Co. (b)

    68,124        2,265,123   

Noble Energy, Inc.

    147,449        4,631,373   

Occidental Petroleum Corp.

    262,633        17,971,976   

ONEOK, Inc.

    72,200        2,155,892   

Phillips 66

    161,408        13,976,319   

Pioneer Natural Resources Co. (a)

    56,136        7,900,581   

Range Resources Corp. (a)

    58,308        1,888,013   

Southwestern Energy Co. (a) (b)

    133,978        1,081,202   

Spectra Energy Corp. (a)

    230,882        7,064,989   

Tesoro Corp.

    41,019        3,528,044   

Valero Energy Corp.

    161,735        10,373,683   

Williams Cos., Inc. (The)

    234,684        3,771,372   
   

 

 

 
      354,414,093   
   

 

 

 

Personal Products—0.1%

   

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

    76,302        7,196,042   
   

 

 

 

Pharmaceuticals—5.4%

   

Allergan plc (b)

    135,706        36,373,279   

Bristol-Myers Squibb Co.

    574,011        36,667,823   

Eli Lilly & Co.

    334,671        24,099,659   

Endo International plc (a) (b)

    70,288        1,978,607   

Johnson & Johnson

    948,752        102,654,967   

Mallinckrodt plc (b)

    38,479        2,357,993   

Merck & Co., Inc.

    954,218        50,487,674   

Mylan NV (a) (b)

    141,719        6,568,676   

Perrigo Co. plc (a)

    50,338        6,439,740   

Pfizer, Inc.

    2,079,535        61,637,417   

Zoetis, Inc.

    157,263        6,971,469   
   

 

 

 
      336,237,304   
   

 

 

 

Professional Services—0.3%

   

Dun & Bradstreet Corp. (The)

    12,437        1,282,006   

Equifax, Inc.

    40,815        4,664,746   

Nielsen Holdings plc

    124,425        6,552,221   

Robert Half International, Inc.

    45,095        2,100,525   

Verisk Analytics, Inc. (b)

    53,153        4,247,988   
   

 

 

 
      18,847,486   
   

 

 

 

Real Estate Investment Trusts—3.0%

  

American Tower Corp.

    145,749        14,920,325   

 

MSF-162


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

Apartment Investment & Management Co. - Class A

    53,843      $ 2,251,714   

AvalonBay Communities, Inc.

    47,106        8,959,561   

Boston Properties, Inc.

    52,810        6,711,095   

Crown Castle International Corp.

    114,761        9,926,826   

Equinix, Inc.

    23,690        7,834,520   

Equity Residential

    125,547        9,419,791   

Essex Property Trust, Inc.

    22,491        5,259,745   

Extra Space Storage, Inc.

    42,997        4,018,500   

Federal Realty Investment Trust

    23,955        3,738,178   

General Growth Properties, Inc.

    200,240        5,953,135   

HCP, Inc.

    160,064        5,214,885   

Host Hotels & Resorts, Inc. (a)

    258,656        4,319,555   

Iron Mountain, Inc. (a)

    66,177        2,244,062   

Kimco Realty Corp.

    142,246        4,093,840   

Macerich Co. (The)

    43,590        3,454,072   

Prologis, Inc.

    180,433        7,971,530   

Public Storage

    50,639        13,967,755   

Realty Income Corp. (a)

    86,101        5,382,174   

Simon Property Group, Inc.

    106,386        22,095,308   

SL Green Realty Corp.

    34,402        3,332,866   

UDR, Inc.

    91,848        3,538,903   

Ventas, Inc. (a)

    115,551        7,275,091   

Vornado Realty Trust

    60,948        5,755,320   

Welltower, Inc.

    122,108        8,466,969   

Weyerhaeuser Co.

    271,417        8,408,499   
   

 

 

 
      184,514,219   
   

 

 

 

Real Estate Management & Development—0.0%

  

CBRE Group, Inc. - Class A (b)

    99,982        2,881,481   
   

 

 

 

Road & Rail—0.8%

   

CSX Corp.

    331,160        8,527,370   

J.B. Hunt Transport Services, Inc.

    30,632        2,580,440   

Kansas City Southern (a)

    37,305        3,187,712   

Norfolk Southern Corp.

    102,530        8,535,622   

Ryder System, Inc.

    18,393        1,191,499   

Union Pacific Corp.

    291,023        23,150,880   
   

 

 

 
      47,173,523   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.8%

  

Analog Devices, Inc.

    106,594        6,309,299   

Applied Materials, Inc.

    388,777        8,234,297   

Broadcom, Ltd.

    127,493        19,697,668   

First Solar, Inc. (b)

    26,243        1,796,858   

Intel Corp.

    1,624,255        52,544,649   

KLA-Tencor Corp.

    53,522        3,896,937   

Lam Research Corp.

    54,633        4,512,686   

Linear Technology Corp.

    82,294        3,667,021   

Microchip Technology, Inc. (a)

    69,969        3,372,506   

Micron Technology, Inc. (b)

    356,709        3,734,743   

NVIDIA Corp. (a)

    175,731        6,261,295   

Qorvo, Inc. (a) (b)

    44,390        2,237,700   

QUALCOMM, Inc.

    513,987        26,285,295   

Skyworks Solutions, Inc.

    65,901        5,133,688   

Texas Instruments, Inc.

    345,638        19,846,534   

Semiconductors & Semiconductor Equipment—(Continued)

  

Xilinx, Inc.

    87,862      4,167,295   
   

 

 

 
      171,698,471   
   

 

 

 

Software—4.3%

   

Activision Blizzard, Inc.

    174,373        5,900,782   

Adobe Systems, Inc. (b)

    171,341        16,071,786   

Autodesk, Inc. (b)

    77,473        4,517,451   

CA, Inc.

    101,740        3,132,575   

Citrix Systems, Inc. (b)

    52,943        4,160,261   

Electronic Arts, Inc. (b)

    106,350        7,030,798   

Intuit, Inc.

    88,303        9,184,395   

Microsoft Corp.

    2,719,459        150,195,721   

Oracle Corp.

    1,083,380        44,321,076   

Red Hat, Inc. (b)

    62,792        4,678,632   

Salesforce.com, Inc. (b)

    216,835        16,008,928   

Symantec Corp.

    224,254        4,121,788   
   

 

 

 
      269,324,193   
   

 

 

 

Specialty Retail—2.6%

   

Advance Auto Parts, Inc.

    25,211        4,042,332   

AutoNation, Inc. (a) (b)

    25,438        1,187,446   

AutoZone, Inc. (b)

    10,387        8,275,219   

Bed Bath & Beyond, Inc. (a) (b)

    56,246        2,792,051   

Best Buy Co., Inc. (a)

    96,867        3,142,365   

CarMax, Inc. (a) (b)

    67,297        3,438,877   

GameStop Corp. - Class A (a)

    35,988        1,141,899   

Gap, Inc. (The) (a)

    77,805        2,287,467   

Home Depot, Inc. (The)

    435,936        58,166,940   

L Brands, Inc. (a)

    87,574        7,689,873   

Lowe’s Cos., Inc.

    314,641        23,834,056   

O’Reilly Automotive, Inc. (a) (b)

    33,417        9,144,896   

Ross Stores, Inc.

    139,253        8,062,749   

Signet Jewelers, Ltd.

    27,346        3,391,724   

Staples, Inc.

    222,030        2,448,991   

Tiffany & Co. (a)

    38,352        2,814,270   

TJX Cos., Inc. (The)

    230,204        18,036,483   

Tractor Supply Co.

    45,984        4,159,713   

Urban Outfitters, Inc. (b)

    29,850        987,737   
   

 

 

 
      165,045,088   
   

 

 

 

Technology Hardware, Storage & Peripherals—4.1%

  

Apple, Inc.

    1,906,397        207,778,209   

EMC Corp.

    669,454        17,840,949   

Hewlett Packard Enterprise Co.

    590,207        10,464,370   

HP, Inc.

    593,677        7,314,101   

NetApp, Inc.

    99,395        2,712,490   

SanDisk Corp.

    69,115        5,258,269   

Seagate Technology plc (a)

    101,918        3,511,075   

Western Digital Corp. (a)

    80,033        3,780,759   
   

 

 

 
      258,660,222   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.9%

  

Coach, Inc.

    95,480        3,827,793   

Hanesbrands, Inc. (a)

    134,668        3,816,491   

Michael Kors Holdings, Ltd. (b)

    61,694        3,514,090   

 

MSF-163


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Textiles, Apparel & Luxury Goods—(Continued)

  

NIKE, Inc. - Class B

    464,136      $ 28,530,440   

PVH Corp.

    28,176        2,791,115   

Ralph Lauren Corp. (a)

    19,988        1,924,045   

Under Armour, Inc. - Class A (a) (b)

    62,457        5,298,227   

VF Corp.

    116,758        7,561,248   
   

 

 

 
      57,263,449   
   

 

 

 

Tobacco—1.7%

   

Altria Group, Inc.

    673,197        42,182,524   

Philip Morris International, Inc.

    532,713        52,264,472   

Reynolds American, Inc.

    284,642        14,320,339   
   

 

 

 
      108,767,335   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Fastenal Co. (a)

    99,202        4,860,898   

United Rentals, Inc. (b)

    31,278        1,945,179   

WW Grainger, Inc. (a)

    19,527        4,558,187   
   

 

 

 
      11,364,264   
   

 

 

 

Water Utilities—0.1%

   

American Water Works Co., Inc.

    61,205        4,218,861   
   

 

 

 

Total Common Stocks
(Cost $3,615,705,276)

      6,174,610,874   
   

 

 

 
Mutual Fund—0.4%   

Investment Company Security—0.4%

  

SPDR S&P 500 ETF Trust
(Cost $27,264,903)

    136,800        28,120,608   
   

 

 

 
Warrant—0.0%   

Health Care Providers & Services—0.0%

  

HealthSouth Corp., Expires 01/17/17 (b)
(Cost $0)

    1,637        3,356   
   

 

 

 
Short-Term Investments—4.3%   

Discount Notes—0.5%

   

Federal Home Loan Bank
0.301%, 06/28/16 (e)

    2,250,000        2,248,350   

0.326%, 06/29/16 (e)

    3,075,000        3,072,529   

0.345%, 05/04/16 (e)

    2,125,000        2,124,318   

0.355%, 05/06/16 (e)

    800,000        799,720   

0.391%, 06/02/16 (e)

    1,850,000        1,848,751   

0.392%, 04/29/16 (e)

    250,000        249,922   

0.402%, 07/12/16 (e)

    4,700,000        4,694,673   

Discount Notes—(Continued)

   

Federal Home Loan Bank
0.484%, 08/19/16 (e)

    3,625,000      3,618,234   

0.501%, 07/22/16 (e)

    6,725,000        6,714,581   

Freddie Mac
0.355%, 06/09/16 (e)

    3,475,000        3,472,636   
   

 

 

 
      28,843,714   
   

 

 

 

Mutual Fund—3.8%

   

State Street Navigator Securities Lending MET Portfolio (f)

    236,710,675        236,710,675   
   

 

 

 

U.S. Treasury—0.0%

   

U.S. Treasury Bills
0.259%, 05/05/16 (e)

    375,000        374,907   

0.289%, 06/02/16 (e)

    750,000        749,626   
   

 

 

 
      1,124,533   
   

 

 

 

Total Short-Term Investments
(Cost $266,678,922)

      266,678,922   
   

 

 

 

Total Investments—103.7%
(Cost $3,909,649,101) (g)

      6,469,413,760   

Other assets and liabilities (net)—(3.7)%

      (229,656,867
   

 

 

 
Net Assets—100.0%     $ 6,239,756,893   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $379,111,012 and the collateral received consisted of cash in the amount of $236,710,675 and non-cash collateral with a value of $151,634,346. 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, 2016, the market value of securities pledged was $14,939,972.
(e) The rate shown represents current yield to maturity.
(f) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(g) As of March 31, 2016, the aggregate cost of investments was $3,909,649,101. The aggregate unrealized appreciation and depreciation of investments were $2,679,434,463 and $(119,669,804), respectively, resulting in net unrealized appreciation of $2,559,764,659.
(ETF)— Exchange-Traded Fund

 

MSF-164


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

S&P 500 Index Futures

     06/16/16         60         USD         29,691,166       $ 1,081,334   
              

 

 

 

 

(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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 6,174,610,874       $ —        $ —         $ 6,174,610,874   

Total Mutual Fund*

     28,120,608         —          —           28,120,608   

Total Warrant*

     3,356         —          —           3,356   
Short-Term Investments           

Discount Notes

     —           28,843,714        —           28,843,714   

Mutual Fund

     236,710,675         —          —           236,710,675   

U.S. Treasury

     —           1,124,533        —           1,124,533   

Total Short-Term Investments

     236,710,675         29,968,247        —           266,678,922   

Total Investments

   $ 6,439,445,513       $ 29,968,247      $ —         $ 6,469,413,760   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (236,710,675   $ —         $ (236,710,675
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 1,081,334       $ —        $ —         $ 1,081,334   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-165


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—60.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.9%

  

Honeywell International, Inc.

    67,404      $ 7,552,618   

Lockheed Martin Corp.

    21,513        4,765,130   

Northrop Grumman Corp.

    28,547        5,649,451   

Orbital ATK, Inc. (a)

    4,415        383,840   

United Technologies Corp.

    66,829        6,689,583   
   

 

 

 
      25,040,622   
   

 

 

 

Air Freight & Logistics—0.5%

  

United Parcel Service, Inc. - Class B

    37,325        3,936,668   
   

 

 

 

Airlines—0.1%

  

Delta Air Lines, Inc.

    18,391        895,274   
   

 

 

 

Auto Components—0.9%

  

Delphi Automotive plc

    31,854        2,389,687   

Johnson Controls, Inc.

    78,885        3,074,149   

Magna International, Inc.

    49,787        2,140,218   
   

 

 

 
      7,604,054   
   

 

 

 

Automobiles—0.6%

  

General Motors Co.

    37,635        1,182,868   

Harley-Davidson, Inc. (a)

    17,054        875,382   

Hyundai Motor Co.

    9,388        1,251,426   

Kia Motors Corp.

    46,054        1,935,937   
   

 

 

 
      5,245,613   
   

 

 

 

Banks—5.7%

  

Bank of America Corp.

    139,108        1,880,740   

BB&T Corp.

    65,707        2,186,072   

BNP Paribas S.A.

    12,751        639,380   

BOC Hong Kong Holdings, Ltd.

    177,000        528,495   

Citigroup, Inc.

    49,121        2,050,802   

HSBC Holdings plc

    148,084        917,577   

JPMorgan Chase & Co.

    337,625        19,994,152   

PNC Financial Services Group, Inc. (The)

    28,993        2,451,938   

Sumitomo Mitsui Financial Group, Inc. (a)

    47,300        1,433,018   

SunTrust Banks, Inc.

    19,980        720,878   

U.S. Bancorp

    76,953        3,123,522   

Wells Fargo & Co.

    279,210        13,502,596   
   

 

 

 
      49,429,170   
   

 

 

 

Beverages—0.5%

   

Coca-Cola Co. (The)

    25,733        1,193,754   

Diageo plc

    120,052        3,239,815   
   

 

 

 
      4,433,569   
   

 

 

 

Biotechnology—0.2%

  

Celgene Corp. (b)

    7,253        725,953   

Gilead Sciences, Inc.

    12,447        1,143,381   
   

 

 

 
      1,869,334   
   

 

 

 

Building Products—0.3%

  

Owens Corning (a)

    61,402        2,903,087   
   

 

 

 

Capital Markets—2.6%

  

Bank of New York Mellon Corp. (The)

    134,756      4,963,063   

BlackRock, Inc.

    9,044        3,080,115   

Blackstone Group L.P. (The)

    24,051        674,631   

Franklin Resources, Inc.

    70,044        2,735,218   

Goldman Sachs Group, Inc. (The)

    33,895        5,320,837   

Morgan Stanley

    44,974        1,124,800   

State Street Corp.

    50,104        2,932,086   

UBS Group AG

    102,608        1,643,468   
   

 

 

 
      22,474,218   
   

 

 

 

Chemicals—1.9%

  

Axalta Coating Systems, Ltd. (b)

    48,591        1,418,857   

Celanese Corp. - Series A

    18,368        1,203,104   

E.I. du Pont de Nemours & Co.

    34,772        2,201,763   

LyondellBasell Industries NV - Class A

    38,192        3,268,471   

Monsanto Co.

    7,109        623,744   

PPG Industries, Inc.

    64,554        7,197,125   

Praxair, Inc.

    6,435        736,486   
   

 

 

 
      16,649,550   
   

 

 

 

Commercial Services & Supplies—0.4%

  

Tyco International plc

    96,472        3,541,487   
   

 

 

 

Communications Equipment—0.8%

  

Cisco Systems, Inc.

    179,457        5,109,141   

Motorola Solutions, Inc.

    24,797        1,877,133   
   

 

 

 
      6,986,274   
   

 

 

 

Consumer Finance—0.6%

  

American Express Co.

    47,089        2,891,264   

Discover Financial Services

    37,205        1,894,479   
   

 

 

 
      4,785,743   
   

 

 

 

Containers & Packaging—0.1%

  

Crown Holdings, Inc. (b)

    17,478        866,734   
   

 

 

 

Distributors—0.1%

  

LKQ Corp. (b)

    36,857        1,176,844   
   

 

 

 

Diversified Financial Services—0.3%

  

McGraw Hill Financial, Inc.

    3,486        345,044   

Nasdaq, Inc.

    27,531        1,827,508   
   

 

 

 
      2,172,552   
   

 

 

 

Diversified Telecommunication Services—1.7%

  

AT&T, Inc.

    25,837        1,012,035   

Frontier Communications Corp. (a)

    167,995        939,092   

TDC A/S

    144,265        703,503   

Telecom Italia S.p.A. - Risparmio Shares

    808,202        703,634   

Telefonica Brasil S.A. (ADR)

    97,573        1,218,687   

Verizon Communications, Inc.

    191,842        10,374,815   
   

 

 

 
      14,951,766   
   

 

 

 

 

MSF-166


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electric Utilities—1.6%

   

American Electric Power Co., Inc.

    51,936      $ 3,448,550   

Duke Energy Corp. (a)

    28,409        2,292,038   

Exelon Corp.

    106,261        3,810,519   

PPL Corp.

    99,709        3,795,922   

Xcel Energy, Inc.

    9,973        417,071   
   

 

 

 
      13,764,100   
   

 

 

 

Electrical Equipment—0.3%

   

Eaton Corp. plc

    47,363        2,963,029   
   

 

 

 

Energy Equipment & Services—0.5%

   

Baker Hughes, Inc.

    2,662        116,675   

National Oilwell Varco, Inc. (a)

    26,486        823,715   

Noble Corp. plc (a)

    46,186        478,025   

Schlumberger, Ltd. (a)

    35,400        2,610,750   
   

 

 

 
      4,029,165   
   

 

 

 

Food & Staples Retailing—1.3%

   

CVS Health Corp.

    89,662        9,300,639   

Kroger Co. (The)

    31,812        1,216,809   

Lawson, Inc.

    8,200        685,295   
   

 

 

 
      11,202,743   
   

 

 

 

Food Products—2.4%

   

Archer-Daniels-Midland Co.

    105,858        3,843,704   

Danone S.A.

    33,093        2,349,345   

Dean Foods Co. (a)

    18,842        326,343   

General Mills, Inc.

    79,262        5,021,248   

J.M. Smucker Co. (The)

    2,858        371,083   

Kellogg Co.

    19,247        1,473,358   

Marine Harvest ASA (b)

    79,290        1,222,695   

McCormick & Co., Inc.

    8,271        822,799   

Mondelez International, Inc. - Class A

    28,278        1,134,513   

Nestle S.A.

    58,775        4,388,934   
   

 

 

 
      20,954,022   
   

 

 

 

Health Care Equipment & Supplies—1.9%

   

Abbott Laboratories

    105,362        4,407,293   

Cooper Cos., Inc. (The) (a)

    11,319        1,742,786   

Medtronic plc

    80,768        6,057,600   

St. Jude Medical, Inc.

    45,104        2,480,720   

Zimmer Biomet Holdings, Inc.

    15,136        1,613,952   
   

 

 

 
      16,302,351   
   

 

 

 

Health Care Providers & Services—0.6%

   

Cigna Corp.

    12,196        1,673,779   

Community Health Systems, Inc. (a) (b)

    47,978        888,073   

Express Scripts Holding Co. (a) (b)

    16,515        1,134,415   

McKesson Corp.

    8,342        1,311,780   
   

 

 

 
      5,008,047   
   

 

 

 

Hotels, Restaurants & Leisure—0.3%

   

Aramark

    37,802        1,252,002   

Hilton Worldwide Holdings, Inc.

    27,709        624,007   

Hotels, Restaurants & Leisure—(Continued)

   

Yum! Brands, Inc.

    8,266      676,572   
   

 

 

 
      2,552,581   
   

 

 

 

Household Durables—0.1%

   

Bellway plc

    9,508        357,955   

Newell Rubbermaid, Inc.

    13,223        585,647   
   

 

 

 
      943,602   
   

 

 

 

Household Products—0.4%

   

Kimberly-Clark Corp.

    11,002        1,479,879   

Procter & Gamble Co. (The)

    10,794        888,454   

Reckitt Benckiser Group plc

    11,802        1,139,670   
   

 

 

 
      3,508,003   
   

 

 

 

Industrial Conglomerates—1.7%

   

3M Co.

    39,467        6,576,386   

Danaher Corp.

    82,777        7,852,226   
   

 

 

 
      14,428,612   
   

 

 

 

Insurance—3.8%

   

Aon plc

    42,207        4,408,521   

Chubb, Ltd.

    61,242        7,296,984   

Prudential Financial, Inc.

    71,430        5,158,675   

Suncorp Group, Ltd.

    123,007        1,117,476   

Travelers Cos., Inc. (The)

    88,465        10,324,750   

Validus Holdings, Ltd.

    57,036        2,691,529   

Zurich Insurance Group AG (b)

    9,316        2,152,507   
   

 

 

 
      33,150,442   
   

 

 

 

Internet & Catalog Retail—0.5%

   

Amazon.com, Inc. (b)

    7,588        4,504,540   
   

 

 

 

Internet Software & Services—0.5%

   

Alphabet, Inc. - Class A (b)

    1,559        1,189,361   

Facebook, Inc. - Class A (b)

    29,369        3,351,003   
   

 

 

 
      4,540,364   
   

 

 

 

IT Services—2.4%

   

Accenture plc - Class A

    69,914        8,068,076   

Fidelity National Information Services, Inc.

    23,270        1,473,224   

Fiserv, Inc. (b)

    8,317        853,158   

Global Payments, Inc. (a)

    36,421        2,378,291   

International Business Machines Corp.

    28,134        4,260,894   

Sabre Corp.

    52,280        1,511,938   

Visa, Inc. - Class A (a)

    33,632        2,572,175   
   

 

 

 
      21,117,756   
   

 

 

 

Life Sciences Tools & Services—0.7%

   

Thermo Fisher Scientific, Inc.

    40,176        5,688,520   
   

 

 

 

Machinery—1.6%

   

Allison Transmission Holdings, Inc.

    78,048        2,105,735   

Caterpillar, Inc. (a)

    14,364        1,099,420   

Cummins, Inc. (a)

    15,904        1,748,486   

 

MSF-167


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Machinery—(Continued)

   

Deere & Co. (a)

    19,735      $ 1,519,398   

Illinois Tool Works, Inc.

    34,013        3,484,292   

Ingersoll-Rand plc

    8,150        505,381   

Pentair plc (a)

    27,596        1,497,359   

Stanley Black & Decker, Inc.

    16,529        1,739,016   
   

 

 

 
      13,699,087   
   

 

 

 

Media—2.8%

   

Comcast Corp. - Class A

    151,812        9,272,677   

Omnicom Group, Inc. (a)

    47,669        3,967,491   

Time Warner Cable, Inc.

    21,167        4,331,191   

Time Warner, Inc.

    53,683        3,894,702   

Time, Inc.

    1,865        28,795   

Twenty-First Century Fox, Inc. - Class A

    39,425        1,099,169   

Viacom, Inc. - Class B

    16,275        671,832   

Walt Disney Co. (The)

    12,693        1,260,542   
   

 

 

 
      24,526,399   
   

 

 

 

Metals & Mining—0.2%

   

BHP Billiton plc

    77,658        876,798   

Rio Tinto plc

    35,253        994,813   
   

 

 

 
      1,871,611   
   

 

 

 

Multi-Utilities—0.3%

   

Engie S.A.

    76,615        1,185,775   

Public Service Enterprise Group, Inc.

    25,399        1,197,309   
   

 

 

 
      2,383,084   
   

 

 

 

Multiline Retail—1.0%

   

Kohl’s Corp. (a)

    23,958        1,116,683   

Target Corp.

    93,572        7,699,104   
   

 

 

 
      8,815,787   
   

 

 

 

Oil, Gas & Consumable Fuels—3.4%

   

Anadarko Petroleum Corp.

    28,908        1,346,246   

BP plc

    376,996        1,888,849   

California Resources Corp.

    1,507        1,552   

Canadian Natural Resources, Ltd. (a)

    22,464        606,528   

Chevron Corp.

    48,839        4,659,241   

Enterprise Products Partners L.P.

    22,445        552,596   

EOG Resources, Inc.

    37,716        2,737,427   

EQT Corp.

    17,690        1,189,829   

Exxon Mobil Corp.

    64,384        5,381,858   

Hess Corp.

    25,103        1,321,673   

Marathon Petroleum Corp.

    32,711        1,216,195   

Noble Energy, Inc.

    38,537        1,210,447   

Occidental Petroleum Corp.

    36,137        2,472,855   

Valero Energy Corp.

    66,548        4,268,389   

Williams Partners L.P.

    46,040        941,518   
   

 

 

 
      29,795,203   
   

 

 

 

Pharmaceuticals—4.6%

   

Allergan plc (b)

    7,222        1,935,713   

Bayer AG

    8,190        962,520   

Pharmaceuticals—(Continued)

   

Bristol-Myers Squibb Co.

    56,673      3,620,271   

Eli Lilly & Co.

    75,122        5,409,535   

Endo International plc (a) (b)

    28,323        797,293   

Johnson & Johnson

    97,480        10,547,336   

Merck & Co., Inc.

    174,334        9,224,012   

Novartis AG

    6,100        440,636   

Pfizer, Inc.

    181,905        5,391,664   

Roche Holding AG

    1,752        429,912   

Teva Pharmaceutical Industries, Ltd. (ADR)

    14,191        759,360   
   

 

 

 
      39,518,252   
   

 

 

 

Professional Services—0.0%

   

Equifax, Inc.

    3,431        392,129   
   

 

 

 

Real Estate Investment Trusts—0.6%

   

Hospitality Properties Trust

    28,705        762,405   

Medical Properties Trust, Inc. (a)

    86,448        1,122,095   

Mid-America Apartment Communities, Inc.

    19,918        2,035,818   

Starwood Property Trust, Inc. (a)

    38,302        725,057   

STORE Capital Corp. (a)

    22,676        586,855   
   

 

 

 
      5,232,230   
   

 

 

 

Road & Rail—0.4%

   

Canadian National Railway Co.

    15,617        975,438   

Union Pacific Corp.

    30,690        2,441,389   
   

 

 

 
      3,416,827   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.2%

  

Analog Devices, Inc.

    9,762        577,813   

Intel Corp.

    33,736        1,091,360   

Maxim Integrated Products, Inc.

    25,909        952,933   

Microchip Technology, Inc. (a)

    18,290        881,578   

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

    104,641        2,741,594   

Texas Instruments, Inc.

    63,980        3,673,731   
   

 

 

 
      9,919,009   
   

 

 

 

Software—1.2%

   

Activision Blizzard, Inc.

    47,699        1,614,134   

CA, Inc.

    35,366        1,088,919   

Electronic Arts, Inc. (a) (b)

    5,806        383,835   

Microsoft Corp.

    61,488        3,395,982   

Oracle Corp.

    74,800        3,060,068   

Take-Two Interactive Software, Inc. (a) (b)

    24,976        940,846   
   

 

 

 
      10,483,784   
   

 

 

 

Specialty Retail—0.6%

   

Abercrombie & Fitch Co. - Class A

    30,298        955,599   

Advance Auto Parts, Inc.

    3,617        579,950   

American Eagle Outfitters, Inc. (a)

    174,566        2,910,015   

Bed Bath & Beyond, Inc. (a) (b)

    6,582        326,730   
   

 

 

 
      4,772,294   
   

 

 

 

 

MSF-168


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Technology Hardware, Storage & Peripherals—0.4%

  

Apple, Inc.

    15,765      $ 1,718,227   

Hewlett Packard Enterprise Co.

    46,566        825,615   

Seagate Technology plc (a)

    21,431        738,298   
   

 

 

 
      3,282,140   
   

 

 

 

Tobacco—2.6%

   

Altria Group, Inc.

    95,301        5,971,561   

Japan Tobacco, Inc. (a)

    23,900        993,619   

Philip Morris International, Inc.

    149,529        14,670,290   

Reynolds American, Inc.

    19,024        957,097   
   

 

 

 
      22,592,567   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

 

Vodafone Group plc

    131,898        420,410   
   

 

 

 

Total Common Stocks
(Cost $419,706,596)

      520,741,249   
   

 

 

 
U.S. Treasury & Government Agencies—22.1%   

Agency Sponsored Mortgage - Backed—11.1%

  

Fannie Mae 15 Yr. Pool
2.500%, 02/01/28

    355,750        368,897   

2.500%, 05/01/28

    201,996        209,462   

2.500%, 05/01/30

    268,460        276,552   

3.000%, 03/01/27

    141,225        147,888   

3.000%, 04/01/27

    434,248        454,737   

3.000%, 04/01/30

    382,890        400,170   

3.000%, 10/01/30

    1,151,797        1,203,776   

3.000%, 11/01/30

    416,877        436,383   

3.000%, 12/01/30

    700,947        733,842   

4.500%, 04/01/18

    12,287        12,704   

4.500%, 06/01/18

    37,468        38,759   

4.500%, 07/01/18

    29,616        30,628   

4.500%, 03/01/19

    56,407        58,469   

4.500%, 06/01/19

    37,992        39,337   

4.500%, 04/01/20

    41,310        43,352   

4.500%, 07/01/20

    21,427        22,474   

5.000%, 11/01/17

    23,910        24,673   

5.000%, 02/01/18

    72,099        74,415   

5.000%, 12/01/18

    138,058        143,420   

5.000%, 07/01/19

    84,108        88,021   

5.000%, 07/01/20

    49,255        50,961   

5.000%, 08/01/20

    33,610        35,598   

5.000%, 12/01/20

    104,391        110,683   

5.500%, 11/01/17

    35,699        36,555   

5.500%, 12/01/17

    5,640        5,776   

5.500%, 01/01/18

    31,434        32,149   

5.500%, 02/01/18

    22,802        23,247   

5.500%, 06/01/19

    87,346        91,183   

5.500%, 07/01/19

    73,749        77,019   

5.500%, 08/01/19

    20,785        21,670   

5.500%, 09/01/19

    79,028        82,772   

5.500%, 01/01/21

    41,994        44,615   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 15 Yr. Pool
5.500%, 03/01/21

    12,715      13,519   

6.000%, 07/01/16

    1,458        1,460   

6.000%, 01/01/17

    6,229        6,260   

6.000%, 02/01/17

    10,113        10,248   

6.000%, 07/01/17

    15,772        16,044   

6.000%, 08/01/17

    2,188        2,230   

6.000%, 09/01/17

    17,288        17,624   

6.000%, 03/01/18

    2,491        2,553   

6.000%, 11/01/18

    13,254        13,597   

6.000%, 01/01/21

    53,877        57,454   

6.000%, 05/01/21

    17,130        18,017   

Fannie Mae 20 Yr. Pool
6.000%, 11/01/25

    29,978        34,159   

Fannie Mae 30 Yr. Pool
3.500%, 11/01/41

    72,551        76,533   

3.500%, 01/01/42

    907,668        958,707   

3.500%, 01/01/43

    311,683        327,546   

3.500%, 04/01/43

    999,511        1,050,140   

3.500%, 05/01/43

    1,778,141        1,867,929   

3.500%, 06/01/43

    629,193        661,793   

3.500%, 07/01/43

    1,662,137        1,745,944   

3.500%, 08/01/43

    520,444        546,845   

3.500%, 09/01/43

    2,357,111        2,475,497   

4.000%, 09/01/40

    714,471        765,647   

4.000%, 12/01/40

    558,869        598,884   

4.000%, 02/01/41

    187,953        201,390   

4.000%, 06/01/41

    932,484        997,776   

4.000%, 11/01/41

    385,811        413,451   

4.000%, 01/01/42

    2,509,753        2,689,174   

4.000%, 04/01/42

    315,163        340,029   

4.000%, 12/01/42

    348,419        375,273   

4.000%, 04/01/43

    104,433        111,815   

4.000%, 05/01/43

    549,876        589,041   

4.000%, 07/01/43

    527,597        564,765   

4.000%, 11/01/44

    1,111,647        1,187,655   

4.000%, 02/01/45

    858,557        917,260   

4.500%, 08/01/33

    245,012        267,613   

4.500%, 03/01/34

    735,161        805,991   

4.500%, 01/01/40

    257,872        281,360   

4.500%, 08/01/40

    62,382        68,151   

4.500%, 02/01/41

    388,878        424,972   

4.500%, 04/01/41

    683,095        745,871   

4.500%, 04/01/44

    2,906,392        3,168,807   

5.000%, 11/01/33

    135,877        151,006   

5.000%, 03/01/34

    115,509        128,384   

5.000%, 05/01/34

    49,321        54,807   

5.000%, 08/01/34

    48,368        53,733   

5.000%, 09/01/34

    181,559        201,735   

5.000%, 06/01/35

    122,495        135,730   

5.000%, 07/01/35

    379,204        420,663   

5.000%, 08/01/35

    115,679        128,240   

5.000%, 09/01/35

    85,507        94,530   

5.000%, 10/01/35

    336,966        373,372   

5.000%, 07/01/39

    399,770        448,704   

 

MSF-169


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
5.000%, 10/01/39

    239,870      $ 268,225   

5.000%, 11/01/39

    100,144        112,413   

5.000%, 11/01/40

    144,021        160,495   

5.000%, 01/01/41

    46,919        52,351   

5.000%, 03/01/41

    101,707        113,483   

5.500%, 02/01/33

    61,348        68,992   

5.500%, 05/01/33

    10,141        11,381   

5.500%, 06/01/33

    218,601        247,191   

5.500%, 07/01/33

    221,632        250,790   

5.500%, 11/01/33

    137,736        155,852   

5.500%, 12/01/33

    18,888        21,167   

5.500%, 01/01/34

    155,364        175,216   

5.500%, 02/01/34

    201,354        227,920   

5.500%, 03/01/34

    53,942        61,973   

5.500%, 04/01/34

    63,182        71,243   

5.500%, 05/01/34

    417,680        476,075   

5.500%, 06/01/34

    495,801        559,538   

5.500%, 07/01/34

    153,112        172,701   

5.500%, 09/01/34

    562,329        632,249   

5.500%, 10/01/34

    668,031        754,786   

5.500%, 11/01/34

    869,744        983,993   

5.500%, 12/01/34

    402,436        454,243   

5.500%, 01/01/35

    433,902        492,031   

5.500%, 02/01/35

    10,933        12,252   

5.500%, 04/01/35

    74,224        83,453   

5.500%, 07/01/35

    45,104        50,910   

5.500%, 08/01/35

    8,288        9,288   

5.500%, 09/01/35

    267,351        304,947   

6.000%, 02/01/32

    150,909        173,150   

6.000%, 03/01/34

    27,224        31,607   

6.000%, 04/01/34

    254,956        293,891   

6.000%, 06/01/34

    302,644        350,427   

6.000%, 07/01/34

    274,503        315,520   

6.000%, 08/01/34

    431,232        495,502   

6.000%, 10/01/34

    244,812        281,600   

6.000%, 11/01/34

    36,466        41,618   

6.000%, 12/01/34

    9,135        10,409   

6.000%, 08/01/35

    74,699        85,990   

6.000%, 09/01/35

    85,690        98,918   

6.000%, 10/01/35

    132,902        153,554   

6.000%, 11/01/35

    29,161        33,229   

6.000%, 12/01/35

    129,609        148,730   

6.000%, 02/01/36

    152,313        174,445   

6.000%, 04/01/36

    179,153        206,814   

6.000%, 06/01/36

    44,752        51,243   

6.000%, 07/01/37

    156,036        178,632   

6.500%, 06/01/31

    43,843        51,697   

6.500%, 07/01/31

    10,359        11,847   

6.500%, 08/01/31

    7,368        8,427   

6.500%, 09/01/31

    40,034        45,787   

6.500%, 02/01/32

    32,745        38,162   

6.500%, 07/01/32

    122,818        145,875   

6.500%, 08/01/32

    98,317        113,752   

6.500%, 01/01/33

    49,426        57,027   

6.500%, 04/01/34

    63,406        73,547   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
6.500%, 06/01/34

    28,590      32,698   

6.500%, 08/01/34

    34,979        40,005   

6.500%, 04/01/36

    26,097        29,847   

6.500%, 05/01/36

    80,755        92,359   

6.500%, 02/01/37

    121,199        143,443   

6.500%, 05/01/37

    84,174        96,270   

6.500%, 07/01/37

    72,631        86,026   

Fannie Mae Pool
2.410%, 05/01/23

    95,084        97,545   

2.550%, 05/01/23

    152,869        158,131   

3.800%, 02/01/18

    134,100        139,119   

3.860%, 07/01/18

    140,334        147,649   

3.910%, 02/01/18

    194,464        201,925   

4.600%, 09/01/19

    129,798        141,861   

5.370%, 05/01/18

    608,825        647,488   

5.750%, 07/01/16

    156,483        156,463   

Fannie Mae-ACES
2.578%, 09/25/18

    488,702        499,583   

Freddie Mac 15 Yr. Gold Pool
3.000%, 11/01/30

    905,359        947,189   

4.500%, 05/01/18

    13,473        13,917   

4.500%, 08/01/18

    23,877        24,668   

4.500%, 11/01/18

    38,234        39,570   

4.500%, 01/01/19

    78,405        81,172   

4.500%, 08/01/19

    5,048        5,228   

4.500%, 02/01/20

    36,458        37,870   

4.500%, 08/01/24

    333,707        354,778   

5.000%, 12/01/17

    759        784   

5.000%, 05/01/18

    12,903        13,323   

5.000%, 09/01/18

    42,454        43,902   

5.500%, 01/01/19

    15,973        16,506   

5.500%, 04/01/19

    9,112        9,408   

5.500%, 06/01/19

    5,804        6,014   

5.500%, 07/01/19

    5,407        5,592   

5.500%, 08/01/19

    5,701        5,954   

5.500%, 02/01/20

    4,829        5,042   

6.000%, 04/01/16

    80        80   

6.000%, 04/01/17

    3,994        4,055   

6.000%, 07/01/17

    2,147        2,178   

6.000%, 10/01/17

    4,240        4,305   

6.000%, 08/01/19

    52,838        55,247   

6.000%, 09/01/19

    9,972        10,198   

6.000%, 11/01/19

    10,290        10,707   

6.000%, 05/01/21

    21,383        22,392   

6.000%, 10/01/21

    46,409        49,410   

Freddie Mac 20 Yr. Gold Pool
5.500%, 10/01/24

    60,478        67,101   

5.500%, 06/01/25

    111,661        123,938   

5.500%, 07/01/25

    62,014        68,835   

5.500%, 08/01/25

    91,488        101,541   

6.000%, 02/01/23

    89,214        100,966   

6.000%, 12/01/25

    39,995        45,265   

6.000%, 02/01/26

    35,222        39,862   

Freddie Mac 30 Yr. Gold Pool
3.000%, 10/01/42

    692,893        710,645   

 

MSF-170


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool
3.000%, 04/01/43

    1,622,820      $ 1,670,498   

3.000%, 05/01/43

    1,376,740        1,418,109   

3.500%, 02/01/42

    785,517        826,824   

3.500%, 04/01/42

    438,737        464,515   

3.500%, 12/01/42

    1,196,838        1,261,865   

3.500%, 04/01/43

    302,678        318,967   

3.500%, 07/01/43

    464,746        486,871   

3.500%, 08/01/43

    806,384        845,061   

3.500%, 11/01/45

    1,733,247        1,815,745   

3.500%, 12/01/45

    774,564        811,431   

4.000%, 11/01/40

    1,040,317        1,113,224   

4.000%, 01/01/41

    1,557,080        1,666,216   

4.000%, 11/01/43

    658,967        703,766   

4.000%, 04/01/44

    733,513        784,113   

4.000%, 09/01/44

    2,286,499        2,441,496   

4.000%, TBA (c)

    2,836,000        3,026,765   

4.500%, 04/01/35

    67,650        73,733   

4.500%, 07/01/39

    374,373        407,231   

4.500%, 09/01/39

    195,751        213,042   

4.500%, 10/01/39

    116,311        126,594   

5.000%, 09/01/33

    279,898        311,291   

5.000%, 03/01/34

    63,058        69,455   

5.000%, 04/01/34

    49,357        54,657   

5.000%, 08/01/35

    69,997        77,333   

5.000%, 10/01/35

    137,308        152,005   

5.000%, 11/01/35

    122,387        135,099   

5.000%, 12/01/36

    81,013        89,733   

5.000%, 07/01/39

    604,769        664,524   

5.500%, 12/01/33

    289,611        328,777   

5.500%, 01/01/34

    208,496        234,838   

5.500%, 04/01/34

    50,751        57,414   

5.500%, 11/01/34

    45,270        51,009   

5.500%, 12/01/34

    54,262        60,242   

5.500%, 05/01/35

    35,672        39,898   

5.500%, 09/01/35

    76,007        85,462   

5.500%, 10/01/35

    75,880        85,957   

6.000%, 04/01/34

    109,888        126,208   

6.000%, 07/01/34

    48,374        55,081   

6.000%, 08/01/34

    347,456        399,637   

6.000%, 09/01/34

    4,840        5,480   

6.000%, 07/01/35

    61,266        70,165   

6.000%, 08/01/35

    68,778        78,959   

6.000%, 11/01/35

    140,979        162,089   

6.000%, 03/01/36

    64,312        73,755   

6.000%, 10/01/36

    48,863        55,328   

6.000%, 03/01/37

    8,088        9,159   

6.000%, 05/01/37

    70,828        80,975   

6.000%, 06/01/37

    83,997        95,096   

6.500%, 05/01/34

    29,270        33,444   

6.500%, 06/01/34

    78,299        90,053   

6.500%, 08/01/34

    118,579        135,111   

6.500%, 10/01/34

    105,267        127,427   

6.500%, 11/01/34

    45,641        51,957   

6.500%, 05/01/37

    74,760        86,273   

6.500%, 07/01/37

    114,759        137,158   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac Multifamily Structured Pass-Through Certificates (CMO)
1.869%, 11/25/19

    363,000      368,539   

2.412%, 08/25/18

    457,720        468,535   

2.456%, 08/25/19

    330,000        341,104   

2.510%, 11/25/22

    415,000        429,084   

2.670%, 12/25/24

    507,000        522,095   

2.682%, 10/25/22

    620,000        647,881   

2.716%, 06/25/22

    346,271        363,720   

2.791%, 01/25/22

    474,000        499,478   

3.111%, 02/25/23

    695,000        743,618   

3.154%, 02/25/18

    111,472        114,779   

3.171%, 10/25/24

    424,000        453,340   

3.250%, 04/25/23 (d)

    803,000        866,593   

3.320%, 02/25/23 (d)

    186,000        201,496   

3.458%, 08/25/23 (d)

    835,000        912,295   

5.085%, 03/25/19

    1,226,000        1,342,485   

Ginnie Mae I 30 Yr. Pool
3.000%, 02/15/43

    575,495        597,982   

3.500%, 12/15/41

    397,615        422,567   

3.500%, 02/15/42

    206,979        219,071   

4.500%, 09/15/33

    110,593        120,876   

4.500%, 11/15/39

    396,949        432,549   

4.500%, 03/15/40

    399,683        445,918   

4.500%, 04/15/40

    548,333        598,151   

4.500%, 06/15/40

    218,715        241,722   

5.000%, 03/15/34

    42,825        47,922   

5.000%, 06/15/34

    98,965        110,987   

5.000%, 12/15/34

    39,165        43,703   

5.000%, 06/15/35

    15,448        17,037   

5.500%, 11/15/32

    156,655        177,332   

5.500%, 08/15/33

    344,210        391,616   

5.500%, 12/15/33

    183,495        210,382   

5.500%, 09/15/34

    131,379        149,612   

5.500%, 10/15/35

    39,713        45,223   

6.000%, 12/15/28

    43,239        49,341   

6.000%, 12/15/31

    40,868        46,778   

6.000%, 03/15/32

    3,700        4,175   

6.000%, 10/15/32

    176,721        204,426   

6.000%, 01/15/33

    78,676        89,261   

6.000%, 02/15/33

    2,280        2,618   

6.000%, 04/15/33

    197,402        228,307   

6.000%, 08/15/33

    1,571        1,786   

6.000%, 07/15/34

    127,340        148,015   

6.000%, 09/15/34

    43,331        48,899   

6.000%, 01/15/38

    183,958        210,420   

Ginnie Mae II 30 Yr. Pool
3.000%, 06/20/43

    728,805        756,475   

3.000%, 07/20/43

    539,671        560,160   

3.500%, 06/20/43

    1,055,388        1,118,103   

3.500%, 07/20/43

    1,335,791        1,415,098   

3.500%, 12/20/45

    771,970        816,894   

4.000%, 01/20/41

    1,354,733        1,460,092   

4.000%, 02/20/41

    338,672        364,999   

4.000%, 04/20/41

    252,465        272,013   

4.000%, 02/20/42

    354,389        381,243   

 

MSF-171


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool
4.500%, 07/20/33

    23,354      $ 25,294   

4.500%, 09/20/33

    14,973        16,225   

4.500%, 12/20/34

    11,927        12,915   

4.500%, 03/20/35

    58,267        63,053   

4.500%, 01/20/41

    352,409        383,569   

5.000%, 07/20/33

    50,106        55,458   

6.000%, 01/20/35

    53,094        60,193   

6.000%, 02/20/35

    26,462        30,722   

6.000%, 04/20/35

    44,335        51,860   
   

 

 

 
      95,697,926   
   

 

 

 

Federal Agencies—0.1%

  

Financing Corp.
9.650%, 11/02/18

    430,000        525,039   
   

 

 

 

U.S. Treasury—10.9%

  

U.S. Treasury Bonds
2.875%, 05/15/43

    19,792,000        20,855,048   

4.500%, 02/15/36 (a)

    293,000        402,017   

4.500%, 08/15/39

    2,514,000        3,442,511   

5.000%, 05/15/37

    232,000        339,418   

5.250%, 02/15/29

    16,000        21,967   

5.375%, 02/15/31

    276,000        395,747   

6.250%, 08/15/23

    80,000        106,191   

8.500%, 02/15/20

    1,104,000        1,416,742   

U.S. Treasury Notes
0.750%, 06/30/17

    17,046,000        17,061,989   

0.875%, 12/31/16

    584,000        585,254   

1.000%, 06/30/19

    16,589,000        16,633,707   

2.500%, 08/15/23 (a)

    7,449,000        7,938,131   

2.750%, 02/15/19

    2,524,100        2,659,869   

3.125%, 05/15/19

    6,086,000        6,505,125   

3.125%, 05/15/21

    3,504,000        3,826,340   

3.500%, 05/15/20

    7,140,000        7,821,370   

3.750%, 11/15/18

    2,067,000        2,225,498   

4.750%, 08/15/17

    2,444,000        2,578,229   
   

 

 

 
      94,815,153   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $182,209,396)

      191,038,118   
   

 

 

 
Corporate Bonds & Notes—12.2%   

Agriculture—0.5%

  

Altria Group, Inc.
2.850%, 08/09/22

    571,000        589,816   

BAT International Finance plc
3.250%, 06/07/22 (144A) (a)

    520,000        550,632   

Imperial Brands Finance plc
2.950%, 07/21/20 (144A) (e)

    828,000        851,192   

Reynolds American, Inc.
4.450%, 06/12/25

    1,823,000        2,005,741   
   

 

 

 
      3,997,381   
   

 

 

 

Auto Manufacturers—0.2%

   

General Motors Financial Co., Inc.
5.250%, 03/01/26

    391,000      408,957   

Toyota Motor Credit Corp.
3.400%, 09/15/21

    880,000        945,073   

Volkswagen International Finance NV
2.375%, 03/22/17 (144A) (a)

    857,000        860,668   
   

 

 

 
      2,214,698   
   

 

 

 

Banks—2.7%

  

Banco de Credito del Peru
5.375%, 09/16/20

    835,000        910,150   

Bank of America Corp.
4.100%, 07/24/23

    1,270,000        1,335,966   

4.125%, 01/22/24

    1,973,000        2,089,971   

5.490%, 03/15/19

    196,000        213,609   

7.625%, 06/01/19

    710,000        826,281   

Bank One Corp.
8.000%, 04/29/27

    100,000        130,384   

BBVA Bancomer S.A.
6.750%, 09/30/22 (144A)

    810,000        899,019   

BNP Paribas S.A.
7.195%, 06/25/37 (144A) (a) (d)

    500,000        540,000   

BPCE S.A.
12.500%, 09/30/19 (144A) (d)

    922,000        1,139,435   

Capital One Financial Corp.
6.150%, 09/01/16

    1,330,000        1,356,998   

Citigroup, Inc.
2.500%, 09/26/18

    580,000        588,871   

Credit Suisse AG
6.500%, 08/08/23 (144A)

    396,000        425,700   

Discover Bank
4.200%, 08/08/23

    510,000        533,090   

Goldman Sachs Group, Inc. (The)
5.625%, 01/15/17

    1,351,000        1,393,775   

ING Bank NV
5.800%, 09/25/23 (144A)

    1,076,000        1,172,504   

JPMorgan Chase & Co.
6.300%, 04/23/19

    1,210,000        1,368,448   

KFW
4.875%, 06/17/19

    1,290,000        1,436,530   

Mitsubishi UFJ Financial Group, Inc.
3.850%, 03/01/26

    784,000        815,485   

Morgan Stanley
3.875%, 04/29/24

    1,081,000        1,133,853   

4.000%, 07/23/25

    396,000        414,072   

6.625%, 04/01/18

    1,343,000        1,467,275   

PNC Funding Corp.
5.625%, 02/01/17

    1,080,000        1,117,042   

Swedbank AB
2.125%, 09/29/17 (144A)

    231,000        232,954   

UBS Group Funding Jersey, Ltd.
4.125%, 04/15/26 (144A) (e)

    838,000        837,458   

Wells Fargo & Co.
5.900%, 06/15/24 (d)

    594,000        601,982   
   

 

 

 
      22,980,852   
   

 

 

 

 

MSF-172


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Beverages—0.4%

   

Anheuser-Busch InBev Finance, Inc.
3.650%, 02/01/26

    1,171,000      $ 1,231,439   

Anheuser-Busch InBev Worldwide, Inc.
8.000%, 11/15/39

    1,020,000        1,508,029   

Diageo Capital plc
2.625%, 04/29/23

    1,020,000        1,035,424   
   

 

 

 
      3,774,892   
   

 

 

 

Biotechnology—0.3%

  

Celgene Corp.
2.875%, 08/15/20

    504,000        519,098   

Gilead Sciences, Inc.
3.500%, 02/01/25

    1,880,000        1,982,846   

3.700%, 04/01/24

    312,000        334,756   
   

 

 

 
      2,836,700   
   

 

 

 

Commercial Services—0.2%

  

ERAC USA Finance LLC
7.000%, 10/15/37 (144A)

    1,115,000        1,422,160   
   

 

 

 

Computers—0.2%

  

Apple, Inc.
2.850%, 02/23/23

    1,176,000        1,218,994   

3.850%, 05/04/43

    370,000        359,759   
   

 

 

 
      1,578,753   
   

 

 

 

Diversified Financial Services—0.3%

  

GE Capital International Funding Co.
3.373%, 11/15/25 (144A)

    358,000        382,020   

Intercontinental Exchange, Inc.
2.750%, 12/01/20

    301,000        307,331   

4.000%, 10/15/23

    832,000        869,208   

Visa, Inc.
3.150%, 12/14/25

    1,192,000        1,244,299   
   

 

 

 
      2,802,858   
   

 

 

 

Electric—0.8%

  

Berkshire Hathaway Energy Co.
3.750%, 11/15/23

    440,000        469,530   

Midamerican Funding LLC
6.927%, 03/01/29

    699,000        928,902   

Oncor Electric Delivery Co. LLC
7.000%, 09/01/22

    795,000        984,204   

Pacific Gas & Electric Co.
4.600%, 06/15/43

    880,000        957,699   

PPL Capital Funding, Inc.
3.400%, 06/01/23

    880,000        897,736   

5.000%, 03/15/44

    296,000        317,276   

Progress Energy, Inc.
3.150%, 04/01/22

    1,083,000        1,097,560   

State Grid Overseas Investment, Ltd.
2.750%, 05/07/19 (144A) (e)

    778,000        798,325   

Electric—(Continued)

  

W3A Funding Corp.
8.090%, 01/02/17

    244,260      244,008   
   

 

 

 
      6,695,240   
   

 

 

 

Food—0.1%

  

J.M. Smucker Co. (The)
3.500%, 03/15/25

    580,000        604,608   

Kraft Heinz Foods Co.
3.500%, 06/06/22

    412,000        433,072   

WM Wrigley Jr. Co.
2.400%, 10/21/18 (144A)

    248,000        250,476   
   

 

 

 
      1,288,156   
   

 

 

 

Healthcare-Products—0.5%

   

Becton Dickinson & Co.
2.675%, 12/15/19

    596,000        610,600   

6.375%, 08/01/19

    1,110,000        1,264,918   

Medtronic, Inc.
4.375%, 03/15/35

    1,010,000        1,093,453   

Zimmer Biomet Holdings, Inc.
3.550%, 04/01/25

    1,222,000        1,234,704   
   

 

 

 
      4,203,675   
   

 

 

 

Healthcare-Services—0.4%

   

Anthem, Inc.
3.300%, 01/15/23

    600,000        606,600   

Laboratory Corp. of America Holdings
3.200%, 02/01/22

    850,000        861,690   

Roche Holdings, Inc.
6.000%, 03/01/19 (144A) (a)

    315,000        357,794   

UnitedHealth Group, Inc.
3.750%, 07/15/25

    1,303,000        1,403,960   
   

 

 

 
      3,230,044   
   

 

 

 

Household Products/Wares—0.1%

   

Reckitt Benckiser Treasury Services plc
3.625%, 09/21/23 (144A)

    1,070,000        1,123,667   
   

 

 

 

Housewares—0.1%

   

Newell Rubbermaid, Inc.
3.850%, 04/01/23

    914,000        947,919   
   

 

 

 

Insurance—0.6%

   

American International Group, Inc.
4.125%, 02/15/24

    750,000        781,506   

4.875%, 06/01/22

    1,770,000        1,946,361   

Berkshire Hathaway, Inc.
3.125%, 03/15/26

    390,000        399,885   

Liberty Mutual Group, Inc.
4.250%, 06/15/23 (144A)

    578,000        595,714   

Marsh & McLennan Cos., Inc.
4.800%, 07/15/21

    920,000        1,015,239   

 

MSF-173


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Insurance—(Continued)

   

ZFS Finance USA Trust V
6.500%, 05/09/37 (144A) (d)

    491,000      $ 482,408   
   

 

 

 
      5,221,113   
   

 

 

 

Internet—0.1%

   

Baidu, Inc.
3.500%, 11/28/22

    1,110,000        1,133,171   
   

 

 

 

Machinery-Construction & Mining—0.1%

   

Atlas Copco AB
5.600%, 05/22/17 (144A)

    910,000        944,616   
   

 

 

 

Media—0.4%

   

21st Century Fox America, Inc.
8.500%, 02/23/25

    722,000        966,308   

CCO Safari II LLC
4.908%, 07/23/25 (144A)

    523,000        551,669   

Grupo Televisa S.A.B.
5.000%, 05/13/45

    318,000        292,444   

Time Warner Entertainment Co. L.P.
8.375%, 07/15/33

    1,240,000        1,575,255   
   

 

 

 
      3,385,676   
   

 

 

 

Mining—0.1%

   

Freeport-McMoRan, Inc.
3.875%, 03/15/23

    1,010,000        684,275   
   

 

 

 

Miscellaneous Manufacturing—0.1%

   

General Electric Co.
1.237%, 01/09/20 (d)

    633,000        633,247   

3.100%, 01/09/23

    138,000        146,131   
   

 

 

 
      779,378   
   

 

 

 

Multi-National—0.1%

   

Asian Development Bank
1.125%, 03/15/17

    574,000        575,744   
   

 

 

 

Oil & Gas—1.1%

   

Anadarko Petroleum Corp.
6.375%, 09/15/17

    536,000        561,715   

BP Capital Markets plc
4.500%, 10/01/20

    306,000        334,608   

4.742%, 03/11/21

    847,000        939,802   

Chevron Corp.
0.788%, 11/15/17 (d)

    1,696,000        1,688,003   

CNOOC Finance, Ltd.
3.875%, 05/02/22 (144A)

    1,010,000        1,053,219   

Petro-Canada
6.050%, 05/15/18

    1,664,000        1,759,896   

Petroleos Mexicanos
3.125%, 01/23/19 (a)

    352,000        348,832   

8.000%, 05/03/19 (a)

    759,000        845,488   

Ras Laffan Liquefied Natural Gas Co., Ltd.
5.832%, 09/30/16 (144A)

    104,178        106,342   

Oil & Gas—(Continued)

   

Statoil ASA
7.750%, 06/15/23

    100,000      125,477   

Total Capital International S.A.
1.550%, 06/28/17

    684,000        686,694   

3.750%, 04/10/24 (a)

    910,000        957,484   
   

 

 

 
      9,407,560   
   

 

 

 

Pharmaceuticals—0.4%

   

AbbVie, Inc.
3.600%, 05/14/25

    584,000        613,035   

Actavis Funding SCS
3.800%, 03/15/25

    463,000        481,864   

4.850%, 06/15/44

    537,000        571,871   

Express Scripts Holding Co.
2.650%, 02/15/17

    1,280,000        1,296,717   

Teva Pharmaceutical Finance IV B.V.
3.650%, 11/10/21

    572,000        596,134   
   

 

 

 
      3,559,621   
   

 

 

 

Pipelines—0.7%

   

APT Pipelines, Ltd.
4.200%, 03/23/25 (144A)

    1,228,000        1,197,850   

Energy Transfer Partners L.P.
3.600%, 02/01/23

    558,000        484,071   

4.900%, 02/01/24

    450,000        409,381   

Enterprise Products Operating LLC
6.500%, 01/31/19

    908,000        994,788   

Kinder Morgan Energy Partners L.P.
4.150%, 02/01/24

    691,000        650,492   

7.750%, 03/15/32 (a)

    625,000        653,464   

Spectra Energy Capital LLC
8.000%, 10/01/19

    1,253,000        1,377,587   
   

 

 

 
      5,767,633   
   

 

 

 

Real Estate Investment Trusts—0.1%

   

HCP, Inc.
5.375%, 02/01/21

    734,000        801,604   
   

 

 

 

Retail—0.7%

   

CVS Health Corp.
3.875%, 07/20/25

    1,235,000        1,332,719   

Gap, Inc. (The)
5.950%, 04/12/21 (a)

    620,000        671,734   

Home Depot, Inc. (The)
5.950%, 04/01/41

    278,000        367,675   

Wal-Mart Stores, Inc.
5.250%, 09/01/35

    1,830,000        2,266,726   

Walgreens Boots Alliance, Inc.
3.300%, 11/18/21

    836,000        860,850   

4.500%, 11/18/34

    426,000        413,701   
   

 

 

 
      5,913,405   
   

 

 

 

Sovereign—0.2%

   

Temasek Financial I, Ltd.
2.375%, 01/23/23 (144A)

    1,790,000        1,806,704   
   

 

 

 

 

MSF-174


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Telecommunications—0.7%

   

AT&T, Inc.
3.000%, 06/30/22

    838,000      $ 850,185   

3.400%, 05/15/25

    838,000        839,963   

Crown Castle Towers LLC
4.883%, 08/15/40 (144A)

    370,000        396,285   

6.113%, 01/15/40 (144A)

    711,000        784,472   

Rogers Communications, Inc.
6.800%, 08/15/18

    1,483,000        1,651,178   

Verizon Communications, Inc.
6.400%, 09/15/33

    1,271,000        1,563,329   
   

 

 

 
      6,085,412   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $100,168,575)

      105,162,907   
   

 

 

 
Mortgage-Backed Securities—1.9%   

Collateralized Mortgage Obligations—0.0%

  

BlackRock Capital Finance L.P.
7.750%, 09/25/26 (144A) (e)

    26,959        5,796   
   

 

 

 

Commercial Mortgage-Backed Securities—1.9%

  

Commercial Mortgage Trust
3.708%, 07/10/48

    1,300,833        1,389,355   

5.475%, 03/10/39

    3,025,000        3,070,549   

Credit Suisse Commercial Mortgage Trust
5.695%, 09/15/40 (d)

    1,279,926        1,320,311   

CSAIL Commercial Mortgage Trust
3.504%, 06/15/57

    738,578        775,945   

General Electric Capital Assurance Co.
5.743%, 05/12/35 (144A) (d) (e)

    27,431        29,759   

GS Mortgage Securities Corp. II
3.382%, 05/10/50

    1,387,991        1,444,233   

JPMBB Commercial Mortgage Securities Trust
3.494%, 01/15/48

    1,590,000        1,678,300   

JPMorgan Chase Commercial Mortgage Securities Trust
5.743%, 06/15/49 (d)

    2,207,157        2,257,791   

Morgan Stanley Capital I, Inc.
0.758%, 11/15/30 (144A) (d) (f)

    1,335,502        18,889   

Wachovia Bank Commercial Mortgage Trust
5.703%, 06/15/49 (d)

    1,131,867        1,158,011   

5.946%, 02/15/51 (d)

    1,405,760        1,448,480   

Wells Fargo Commercial Mortgage Trust
3.540%, 05/15/48

    1,410,327        1,486,759   
   

 

 

 
      16,078,382   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $16,115,078)

      16,084,178   
   

 

 

 
Asset-Backed Securities—0.9%   

Asset-Backed - Automobile—0.1%

   

Ford Credit Auto Owner Trust
2.260%, 11/15/25 (144A)

    550,000        557,211   

Asset-Backed - Automobile—(Continued)

   

Ford Credit Auto Owner Trust
2.310%, 04/15/26 (144A)

    425,000      428,841   
   

 

 

 
      986,052   
   

 

 

 

Asset-Backed - Home Equity—0.2%

   

Bayview Financial Revolving Asset Trust
2.039%, 12/28/40 (144A) (d) (e)

    768,794        555,652   

GMAC Home Equity Loan Trust
5.805%, 10/25/36 (d)

    262,672        249,480   

Home Equity Loan Trust
5.320%, 12/25/35 (d)

    596,348        483,229   
   

 

 

 
      1,288,361   
   

 

 

 

Asset-Backed - Other—0.6%

   

American Tower Trust I
3.070%, 03/15/48 (144A)

    1,000,000        1,000,017   

Atrium CDO Corp.
1.421%, 11/16/22 (144A) (d) (e)

    403,097        401,376   

Cent CLO, Ltd.
1.916%, 01/30/25 (144A) (d)

    831,000        821,694   

Dryden XXVI Senior Loan Fund
1.722%, 07/15/25 (144A) (d)

    1,068,000        1,049,411   

Fortress Credit BSL, Ltd.
1.800%, 01/19/25 (144A) (d)

    716,478        705,894   

Small Business Administration Participation Certificates
4.350%, 07/01/23

    245,987        260,538   

4.770%, 04/01/24

    15,601        16,708   

4.950%, 03/01/25

    85,594        92,859   

4.990%, 09/01/24

    45,992        49,973   

5.110%, 08/01/25

    130,205        141,922   

5.180%, 05/01/24

    26,553        28,949   

5.520%, 06/01/24

    63,118        69,335   

Voya CLO, Ltd.
1.769%, 04/25/25 (144A) (d)

    970,000        951,837   
   

 

 

 
      5,590,513   
   

 

 

 

Total Asset-Backed Securities
(Cost $8,146,517)

      7,864,926   
   

 

 

 
Convertible Preferred Stocks—0.8%   

Diversified Telecommunication Services—0.1%

  

Frontier Communications Corp.
11.125%, 06/29/18

    5,512        575,453   
   

 

 

 

Electric Utilities—0.2%

   

Exelon Corp.
6.500%, 06/01/17

    37,363        1,839,380   
   

 

 

 

Food Products—0.4%

   

Tyson Foods, Inc.
4.750%, 07/15/17

    52,300        3,895,304   
   

 

 

 

 

MSF-175


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Convertible Preferred Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Pharmaceuticals—0.1%

   

Allergan plc
5.500%, 03/01/18

    1,063      $ 977,046   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $6,177,719)

      7,287,183   
   

 

 

 
Municipals—0.2%   

New Jersey State Turnpike Authority, Build America Bonds
7.414%, 01/01/40
(Cost $1,092,733)

    1,050,000        1,582,140   
   

 

 

 
Foreign Government—0.1%   

Sovereign—0.1%

   

Iceland Government International Bond
4.875%, 06/16/16 (144A)

    313,000        314,476   

Mexico Government International Bond
4.750%, 03/08/44

    909,000        906,728   

Peruvian Government International Bond
7.350%, 07/21/25

    103,000        135,445   
   

 

 

 

Total Foreign Government
(Cost $1,338,530)

      1,356,649   
   

 

 

 
Short-Term Investments—5.7%   

Discount Note—0.6%

   

Federal Home Loan Bank
0.010%, 04/01/16 (g)

    5,238,000        5,238,000   
   

 

 

 

Mutual Fund—4.1%

   

State Street Navigator Securities Lending MET Portfolio (h)

    35,965,689        35,965,689   
   

 

 

 

Repurchase Agreement—1.0%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/16 at
0.030% to be repurchased at $8,403,770 on 04/01/16, collateralized by $8,480,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $8,575,400.

    8,403,763        8,403,763   
   

 

 

 

Total Short-Term Investments
(Cost $49,607,452)

      49,607,452   
   

 

 

 

Total Investments—104.1%
(Cost $784,562,596) (i)

      900,724,802   

Other assets and liabilities (net)—(4.1)%

      (35,778,383
   

 

 

 
Net Assets—100.0%     $ 864,946,419   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $52,760,813 and the collateral received consisted of cash in the amount of $35,965,689 and non-cash collateral with a value of $18,784,970. 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, 2016. 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, 2016, the market value of restricted securities was $3,479,558, which is 0.4% of net assets. See details shown in the Restricted Securities table that follows.
(f) Interest only security.
(g) The rate shown represents current yield to maturity.
(h) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(i) As of March 31, 2016, the aggregate cost of investments was $784,562,596. The aggregate unrealized appreciation and depreciation of investments were $135,030,209 and $(18,868,003), respectively, resulting in net unrealized appreciation of $116,162,206.
(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, 2016, the market value of 144A securities was $26,604,136, which is 3.1% 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
(CMO)— Collateralized Mortgage Obligation

 

MSF-176


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Atrium CDO Corp., 1.421%, 11/16/22

     02/03/16 - 02/04/16       $ 403,097       $ 401,628       $ 401,376   

Bayview Financial Revolving Asset Trust, 2.039%, 12/28/40

     03/01/06         768,794         768,794         555,652   

BlackRock Capital Finance L.P., 7.750%, 09/25/26

     05/01/06         26,959         25,980         5,796   

General Electric Capital Assurance Co., 5.743%, 05/12/35

     09/23/03         27,431         27,568         29,759   

Imperial Brands Finance plc, 2.950%, 07/21/20

     07/21/15         828,000         820,198         851,192   

State Grid Overseas Investment, Ltd., 2.750%, 05/07/19

     05/07/14         778,000         773,427         798,325   

UBS Group Funding Jersey, Ltd., 4.125%, 04/15/26

     03/29/16         838,000         836,148         837,458   
           

 

 

 
            $ 3,479,558   
           

 

 

 

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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 25,040,622       $ —         $ —         $ 25,040,622   

Air Freight & Logistics

     3,936,668         —           —           3,936,668   

Airlines

     895,274         —           —           895,274   

Auto Components

     7,604,054         —           —           7,604,054   

Automobiles

     2,058,250         3,187,363         —           5,245,613   

Banks

     45,910,700         3,518,470         —           49,429,170   

Beverages

     1,193,754         3,239,815         —           4,433,569   

Biotechnology

     1,869,334         —           —           1,869,334   

Building Products

     2,903,087         —           —           2,903,087   

Capital Markets

     20,830,750         1,643,468         —           22,474,218   

Chemicals

     16,649,550         —           —           16,649,550   

Commercial Services & Supplies

     3,541,487         —           —           3,541,487   

Communications Equipment

     6,986,274         —           —           6,986,274   

Consumer Finance

     4,785,743         —           —           4,785,743   

Containers & Packaging

     866,734         —           —           866,734   

Distributors

     1,176,844         —           —           1,176,844   

Diversified Financial Services

     2,172,552         —           —           2,172,552   

Diversified Telecommunication Services

     13,544,629         1,407,137         —           14,951,766   

Electric Utilities

     13,764,100         —           —           13,764,100   

Electrical Equipment

     2,963,029         —           —           2,963,029   

Energy Equipment & Services

     4,029,165         —           —           4,029,165   

Food & Staples Retailing

     10,517,448         685,295         —           11,202,743   

Food Products

     12,993,048         7,960,974         —           20,954,022   

Health Care Equipment & Supplies

     16,302,351         —           —           16,302,351   

 

MSF-177


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Health Care Providers & Services

   $ 5,008,047       $ —        $ —         $ 5,008,047   

Hotels, Restaurants & Leisure

     2,552,581         —          —           2,552,581   

Household Durables

     585,647         357,955        —           943,602   

Household Products

     2,368,333         1,139,670        —           3,508,003   

Industrial Conglomerates

     14,428,612         —          —           14,428,612   

Insurance

     29,880,459         3,269,983        —           33,150,442   

Internet & Catalog Retail

     4,504,540         —          —           4,504,540   

Internet Software & Services

     4,540,364         —          —           4,540,364   

IT Services

     21,117,756         —          —           21,117,756   

Life Sciences Tools & Services

     5,688,520         —          —           5,688,520   

Machinery

     13,699,087         —          —           13,699,087   

Media

     24,526,399         —          —           24,526,399   

Metals & Mining

     —           1,871,611        —           1,871,611   

Multi-Utilities

     1,197,309         1,185,775        —           2,383,084   

Multiline Retail

     8,815,787         —          —           8,815,787   

Oil, Gas & Consumable Fuels

     27,906,354         1,888,849        —           29,795,203   

Pharmaceuticals

     37,685,184         1,833,068        —           39,518,252   

Professional Services

     392,129         —          —           392,129   

Real Estate Investment Trusts

     5,232,230         —          —           5,232,230   

Road & Rail

     3,416,827         —          —           3,416,827   

Semiconductors & Semiconductor Equipment

     9,919,009         —          —           9,919,009   

Software

     10,483,784         —          —           10,483,784   

Specialty Retail

     4,772,294         —          —           4,772,294   

Technology Hardware, Storage & Peripherals

     3,282,140         —          —           3,282,140   

Tobacco

     21,598,948         993,619        —           22,592,567   

Wireless Telecommunication Services

     —           420,410        —           420,410   

Total Common Stocks

     486,137,787         34,603,462        —           520,741,249   

Total U.S. Treasury & Government Agencies*

     —           191,038,118        —           191,038,118   

Total Corporate Bonds & Notes*

     —           105,162,907        —           105,162,907   

Total Mortgage-Backed Securities*

     —           16,084,178        —           16,084,178   

Total Asset-Backed Securities*

     —           7,864,926        —           7,864,926   

Total Convertible Preferred Stocks*

     7,287,183         —          —           7,287,183   

Total Municipals

     —           1,582,140        —           1,582,140   

Total Foreign Government*

     —           1,356,649        —           1,356,649   
Short-Term Investments           

Discount Note

     —           5,238,000        —           5,238,000   

Mutual Fund

     35,965,689         —          —           35,965,689   

Repurchase Agreement

     —           8,403,763        —           8,403,763   

Total Short-Term Investments

     35,965,689         13,641,763        —           49,607,452   

Total Investments

   $ 529,390,659       $ 371,334,143      $ —         $ 900,724,802   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (35,965,689   $ —         $ (35,965,689

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-178


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—99.3% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—6.5%

  

Honeywell International, Inc.

    566,297      $ 63,453,579   

Lockheed Martin Corp.

    202,853        44,931,939   

Northrop Grumman Corp.

    144,103        28,517,984   

United Technologies Corp.

    590,589        59,117,959   
   

 

 

 
      196,021,461   
   

 

 

 

Air Freight & Logistics—1.4%

  

United Parcel Service, Inc. - Class B

    410,388        43,283,622   
   

 

 

 

Auto Components—1.4%

  

Delphi Automotive plc

    259,245        19,448,560   

Johnson Controls, Inc.

    600,318        23,394,392   
   

 

 

 
      42,842,952   
   

 

 

 

Automobiles—0.5%

  

Harley-Davidson, Inc. (a)

    288,308        14,798,850   
   

 

 

 

Banks—11.0%

  

BB&T Corp.

    455,337        15,149,062   

Citigroup, Inc.

    525,197        21,926,975   

JPMorgan Chase & Co.

    2,116,879        125,361,574   

PNC Financial Services Group, Inc. (The)

    310,901        26,292,898   

U.S. Bancorp

    1,305,739        52,999,946   

Wells Fargo & Co.

    1,825,969        88,303,861   
   

 

 

 
      330,034,316   
   

 

 

 

Beverages—1.1%

  

Diageo plc

    1,257,828        33,944,707   
   

 

 

 

Capital Markets—5.3%

   

Bank of New York Mellon Corp. (The)

    826,750        30,449,203   

BlackRock, Inc.

    83,018        28,273,440   

Franklin Resources, Inc.

    739,140        28,863,417   

Goldman Sachs Group, Inc. (The)

    321,910        50,533,432   

State Street Corp.

    370,085        21,657,374   
   

 

 

 
      159,776,866   
   

 

 

 

Chemicals—3.4%

  

E.I. du Pont de Nemours & Co.

    379,794        24,048,556   

Monsanto Co.

    119,448        10,480,368   

PPG Industries, Inc.

    596,394        66,491,967   
   

 

 

 
      101,020,891   
   

 

 

 

Commercial Services & Supplies—1.2%

  

Tyco International plc

    1,020,910        37,477,606   
   

 

 

 

Consumer Finance—0.9%

  

American Express Co.

    415,300        25,499,420   
   

 

 

 

Containers & Packaging—0.5%

  

Crown Holdings, Inc. (b)

    294,664        14,612,388   
   

 

 

 

Diversified Financial Services—1.2%

  

McGraw Hill Financial, Inc.

    58,586        5,798,842   

Diversified Financial Services—(Continued)

  

Nasdaq, Inc.

    469,989      31,197,870   
   

 

 

 
      36,996,712   
   

 

 

 

Diversified Telecommunication Services—1.7%

  

Verizon Communications, Inc.

    958,427        51,831,732   
   

 

 

 

Electric Utilities—1.1%

  

Duke Energy Corp.

    309,219        24,947,789   

Xcel Energy, Inc.

    169,312        7,080,628   
   

 

 

 
      32,028,417   
   

 

 

 

Electrical Equipment—1.0%

  

Eaton Corp. plc

    481,821        30,142,722   
   

 

 

 

Energy Equipment & Services—1.6%

  

Baker Hughes, Inc.

    45,219        1,981,949   

National Oilwell Varco, Inc. (a)

    445,151        13,844,196   

Schlumberger, Ltd. (a)

    448,522        33,078,497   
   

 

 

 
      48,904,642   
   

 

 

 

Food & Staples Retailing—1.8%

  

CVS Health Corp.

    522,973        54,247,989   
   

 

 

 

Food Products—4.9%

  

Archer-Daniels-Midland Co.

    601,825        21,852,266   

Danone S.A.

    328,738        23,337,832   

General Mills, Inc.

    759,415        48,108,940   

J.M. Smucker Co. (The)

    48,179        6,255,562   

Nestle S.A.

    645,005        48,164,772   
   

 

 

 
      147,719,372   
   

 

 

 

Health Care Equipment & Supplies—3.7%

  

Abbott Laboratories

    745,701        31,192,673   

Medtronic plc

    841,383        63,103,725   

St. Jude Medical, Inc.

    315,584        17,357,120   
   

 

 

 
      111,653,518   
   

 

 

 

Health Care Providers & Services—1.4%

  

Cigna Corp.

    100,688        13,818,421   

Express Scripts Holding Co. (a) (b)

    279,140        19,174,126   

McKesson Corp.

    57,843        9,095,812   
   

 

 

 
      42,088,359   
   

 

 

 

Household Durables—0.3%

  

Newell Rubbermaid, Inc.

    222,767        9,866,350   
   

 

 

 

Household Products—0.5%

  

Procter & Gamble Co. (The)

    176,422        14,521,295   
   

 

 

 

Industrial Conglomerates—3.5%

  

3M Co.

    380,218        63,355,725   

Danaher Corp.

    458,159        43,460,963   
   

 

 

 
      106,816,688   
   

 

 

 

 

MSF-179


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Insurance—7.7%

  

Aon plc

    452,871      $ 47,302,376   

Chubb, Ltd.

    545,694        65,019,440   

Prudential Financial, Inc.

    526,460        38,020,941   

Travelers Cos., Inc. (The)

    687,017        80,181,754   
   

 

 

 
      230,524,511   
   

 

 

 

IT Services—5.3%

  

Accenture plc - Class A

    734,029        84,706,947   

Fidelity National Information Services, Inc.

    392,988        24,880,070   

Fiserv, Inc. (b)

    140,951        14,458,754   

International Business Machines Corp.

    232,398        35,196,677   
   

 

 

 
      159,242,448   
   

 

 

 

Life Sciences Tools & Services—1.2%

  

Thermo Fisher Scientific, Inc.

    257,311        36,432,664   
   

 

 

 

Machinery—2.9%

   

Caterpillar, Inc. (a)

    127,338        9,746,450   

Cummins, Inc. (a)

    66,495        7,310,460   

Deere & Co. (a)

    99,407        7,653,345   

Illinois Tool Works, Inc.

    247,795        25,384,120   

Ingersoll-Rand plc

    138,152        8,566,806   

Pentair plc (a)

    235,626        12,785,067   

Stanley Black & Decker, Inc.

    145,140        15,270,179   
   

 

 

 
      86,716,427   
   

 

 

 

Media—4.3%

  

Comcast Corp. - Class A

    612,731        37,425,610   

Omnicom Group, Inc. (a)

    572,246        47,628,035   

Time Warner, Inc.

    349,604        25,363,770   

Time, Inc.

    32,730        505,351   

Viacom, Inc. - Class B

    274,298        11,323,021   

Walt Disney Co. (The)

    79,268        7,872,105   
   

 

 

 
      130,117,892   
   

 

 

 

Multiline Retail—0.7%

  

Target Corp.

    266,425        21,921,449   
   

 

 

 

Oil, Gas & Consumable Fuels—4.4%

  

Chevron Corp.

    343,730        32,791,842   

EOG Resources, Inc.

    342,585        24,864,819   

Exxon Mobil Corp.

    552,303        46,167,008   

Occidental Petroleum Corp.

    405,665        27,759,656   
   

 

 

 
      131,583,325   
   

 

 

 

Pharmaceuticals—8.1%

  

Allergan plc (b)

    32,589        8,734,830   

Endo International plc (a) (b)

    183,729        5,171,971   

Johnson & Johnson

    984,252        106,496,067   

Merck & Co., Inc.

    795,920        42,112,127   

Novartis AG

    102,914        7,434,032   

Pfizer, Inc.

    2,248,976        66,659,649   

Roche Holding AG

    29,523        7,244,456   
   

 

 

 
      243,853,132   
   

 

 

 

Professional Services—0.2%

  

Equifax, Inc.

    57,816      6,607,791   
   

 

 

 

Road & Rail—1.2%

  

Canadian National Railway Co.

    264,527        16,522,356   

Union Pacific Corp.

    240,591        19,139,014   
   

 

 

 
      35,661,370   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.7%

  

Analog Devices, Inc.

    165,212        9,778,898   

Texas Instruments, Inc.

    701,602        40,285,987   
   

 

 

 
      50,064,885   
   

 

 

 

Software—0.8%

  

Oracle Corp.

    590,509        24,157,723   
   

 

 

 

Specialty Retail—0.5%

  

Advance Auto Parts, Inc.

    60,880        9,761,499   

Bed Bath & Beyond, Inc. (a) (b)

    106,692        5,296,191   
   

 

 

 
      15,057,690   
   

 

 

 

Tobacco—4.2%

  

Altria Group, Inc.

    339,638        21,281,717   

Philip Morris International, Inc.

    1,070,729        105,049,222   
   

 

 

 
      126,330,939   
   

 

 

 

Wireless Telecommunication Services—0.2%

  

Vodafone Group plc

    2,210,788        7,046,632   
   

 

 

 

Total Common Stocks
(Cost $2,363,599,479)

      2,991,449,753   
   

 

 

 
Short-Term Investments—4.8%   

Commercial Paper—0.5%

  

General Electric Co.
0.000%, 04/01/16 (c)

    16,161,000        16,161,000   
   

 

 

 

Mutual Fund—4.3%

  

State Street Navigator Securities Lending MET Portfolio (d)

    130,096,356        130,096,356   
   

 

 

 

Total Short-Term Investments
(Cost $146,257,356)

      146,257,356   
   

 

 

 

Total Investments—104.1%
(Cost $2,509,856,835) (e)

      3,137,707,109   

Other assets and liabilities (net)—(4.1)%

      (123,824,352
   

 

 

 
Net Assets—100.0%     $ 3,013,882,757   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $158,302,668 and the collateral received consisted of cash in the amount of $130,096,356

 

MSF-180


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

  and non-cash collateral with a value of $32,471,237. 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) The rate shown represents current yield to maturity.
(d) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(e) As of March 31, 2016, the aggregate cost of investments was $2,509,856,835. The aggregate unrealized appreciation and depreciation of investments were $702,421,539 and $(74,571,265), respectively, resulting in net unrealized appreciation of $627,850,274.

 

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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 196,021,461       $ —         $ —         $ 196,021,461   

Air Freight & Logistics

     43,283,622         —           —           43,283,622   

Auto Components

     42,842,952         —           —           42,842,952   

Automobiles

     14,798,850         —           —           14,798,850   

Banks

     330,034,316         —           —           330,034,316   

Beverages

     —           33,944,707         —           33,944,707   

Capital Markets

     159,776,866         —           —           159,776,866   

Chemicals

     101,020,891         —           —           101,020,891   

Commercial Services & Supplies

     37,477,606         —           —           37,477,606   

Consumer Finance

     25,499,420         —           —           25,499,420   

Containers & Packaging

     14,612,388         —           —           14,612,388   

Diversified Financial Services

     36,996,712         —           —           36,996,712   

Diversified Telecommunication Services

     51,831,732         —           —           51,831,732   

Electric Utilities

     32,028,417         —           —           32,028,417   

Electrical Equipment

     30,142,722         —           —           30,142,722   

Energy Equipment & Services

     48,904,642         —           —           48,904,642   

Food & Staples Retailing

     54,247,989         —           —           54,247,989   

Food Products

     76,216,768         71,502,604         —           147,719,372   

Health Care Equipment & Supplies

     111,653,518         —           —           111,653,518   

Health Care Providers & Services

     42,088,359         —           —           42,088,359   

Household Durables

     9,866,350         —           —           9,866,350   

Household Products

     14,521,295         —           —           14,521,295   

Industrial Conglomerates

     106,816,688         —           —           106,816,688   

Insurance

     230,524,511         —           —           230,524,511   

IT Services

     159,242,448         —           —           159,242,448   

Life Sciences Tools & Services

     36,432,664         —           —           36,432,664   

Machinery

     86,716,427         —           —           86,716,427   

Media

     130,117,892         —           —           130,117,892   

 

MSF-181


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Multiline Retail

   $ 21,921,449       $ —        $ —         $ 21,921,449   

Oil, Gas & Consumable Fuels

     131,583,325         —          —           131,583,325   

Pharmaceuticals

     229,174,644         14,678,488        —           243,853,132   

Professional Services

     6,607,791         —          —           6,607,791   

Road & Rail

     35,661,370         —          —           35,661,370   

Semiconductors & Semiconductor Equipment

     50,064,885         —          —           50,064,885   

Software

     24,157,723         —          —           24,157,723   

Specialty Retail

     15,057,690         —          —           15,057,690   

Tobacco

     126,330,939         —          —           126,330,939   

Wireless Telecommunication Services

     —           7,046,632        —           7,046,632   

Total Common Stocks

     2,864,277,322         127,172,431        —           2,991,449,753   
Short-Term Investments           

Commercial Paper

     —           16,161,000        —           16,161,000   

Mutual Fund

     130,096,356         —          —           130,096,356   

Total Short-Term Investments

     130,096,356         16,161,000        —           146,257,356   

Total Investments

   $ 2,994,373,678       $ 143,333,431      $ —         $ 3,137,707,109   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (130,096,356   $ —         $ (130,096,356

 

MSF-182


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—94.7% of Net Assets

 

Security Description   Shares     Value  

Australia—6.9%

   

AGL Energy, Ltd.

    49,491      $ 699,874   

Alumina, Ltd. (a)

    191,453        189,107   

Amcor, Ltd.

    95,202        1,047,890   

AMP, Ltd.

    234,994        1,045,483   

APA Group

    98,264        665,303   

Aristocrat Leisure, Ltd.

    41,217        326,239   

Asciano, Ltd.

    48,897        336,930   

ASX, Ltd.

    16,055        511,134   

Aurizon Holdings, Ltd.

    157,842        478,509   

AusNet Services

    138,423        158,431   

Australia & New Zealand Banking Group, Ltd.

    230,051        4,126,130   

Bank of Queensland, Ltd.

    24,917        230,857   

Bendigo and Adelaide Bank, Ltd. (a)

    35,779        242,790   

BHP Billiton plc

    172,349        1,947,331   

BHP Billiton, Ltd.

    251,544        3,274,261   

Boral, Ltd.

    61,162        290,386   

Brambles, Ltd.

    129,540        1,203,974   

Caltex Australia, Ltd.

    19,432        507,792   

Challenger, Ltd.

    44,035        282,326   

CIMIC Group, Ltd.

    8,428        225,056   

Coca-Cola Amatil, Ltd.

    42,510        288,283   

Cochlear, Ltd.

    5,478        430,695   

Commonwealth Bank of Australia

    135,072        7,775,076   

Computershare, Ltd.

    41,806        313,625   

Crown Resorts, Ltd.

    29,464        281,294   

CSL, Ltd.

    37,261        2,900,467   

Dexus Property Group (REIT)

    66,326        403,816   

DUET Group (b)

    178,971        314,311   

Flight Centre Travel Group, Ltd. (a)

    4,482        148,601   

Fortescue Metals Group, Ltd. (a)

    100,245        193,229   

Goodman Group (REIT)

    139,425        713,092   

GPT Group (The) (REIT)

    140,241        537,744   

Harvey Norman Holdings, Ltd.

    44,837        161,594   

Healthscope, Ltd.

    134,432        274,578   

Iluka Resources, Ltd.

    29,031        145,626   

Incitec Pivot, Ltd.

    152,808        373,249   

Insurance Australia Group, Ltd.

    184,566        788,536   

Lend Lease Group

    51,045        542,694   

Macquarie Group, Ltd.

    24,276        1,227,746   

Medibank Private, Ltd.

    199,900        448,579   

Mirvac Group (REIT)

    298,553        443,251   

National Australia Bank, Ltd.

    205,566        4,125,066   

Newcrest Mining, Ltd. (c)

    60,310        783,962   

Oil Search, Ltd.

    104,563        545,419   

Orica, Ltd.

    26,176        308,030   

Origin Energy, Ltd.

    123,698        479,395   

QBE Insurance Group, Ltd.

    110,125        919,054   

Ramsay Health Care, Ltd. (a)

    10,616        500,610   

REA Group, Ltd. (a)

    4,158        172,159   

Rio Tinto, Ltd.

    31,918        1,050,573   

Santos, Ltd.

    164,725        512,676   

Scentre Group (REIT)

    417,733        1,423,043   

Seek, Ltd. (a)

    22,233        275,645   

Sonic Healthcare, Ltd.

    32,696        470,233   

South32, Ltd. (c)

    393,402        439,557   

Stockland (REIT)

    205,214        673,476   

Suncorp Group, Ltd.

    108,776        991,673   

Australia—(Continued)

   

Sydney Airport

    80,467      413,378   

Tabcorp Holdings, Ltd.

    54,472        179,144   

Tatts Group, Ltd.

    123,533        358,370   

Telstra Corp., Ltd.

    335,688        1,373,091   

TPG Telecom, Ltd.

    21,838        189,887   

Transurban Group

    159,204        1,388,378   

Treasury Wine Estates, Ltd.

    68,905        509,668   

Vicinity Centres (REIT)

    252,185        618,395   

Vocus Communications, Ltd. (a)

    34,500        220,474   

Wesfarmers, Ltd.

    88,016        2,803,905   

Westfield Corp. (REIT)

    163,017        1,251,342   

Westpac Banking Corp.

    266,028        6,203,238   

Woodside Petroleum, Ltd.

    60,391        1,208,635   

Woolworths, Ltd. (a)

    104,896        1,781,824   
   

 

 

 
      68,666,189   
   

 

 

 

Austria—0.2%

   

Andritz AG (a)

    6,601        362,815   

Erste Group Bank AG (c)

    22,499        632,900   

OMV AG

    12,416        349,654   

Voestalpine AG

    9,525        317,941   
   

 

 

 
      1,663,310   
   

 

 

 

Belgium—1.4%

   

Ageas

    15,573        618,769   

Anheuser-Busch InBev S.A.

    63,583        7,937,852   

Colruyt S.A.

    5,430        316,802   

Delhaize Group S.A.

    7,921        826,544   

Groupe Bruxelles Lambert S.A.

    5,864        484,188   

KBC Groep NV

    19,071        984,279   

Proximus

    14,232        487,086   

Solvay S.A.

    5,735        574,307   

Telenet Group Holding NV (c)

    4,184        212,086   

UCB S.A.

    9,619        734,747   

Umicore S.A.

    8,519        423,582   
   

 

 

 
      13,600,242   
   

 

 

 

Denmark—1.9%

   

AP Moeller - Maersk A/S - Class A

    274        348,556   

AP Moeller - Maersk A/S - Class B

    566        739,723   

Carlsberg A/S - Class B

    7,997        761,703   

Chr Hansen Holding A/S

    7,473        502,165   

Coloplast A/S - Class B (a)

    8,608        651,109   

Danske Bank A/S

    58,351        1,644,715   

DSV A/S

    16,462        683,418   

Genmab A/S (c)

    4,236        587,400   

ISS A/S

    10,958        439,470   

Novo Nordisk A/S - Class B (a)

    154,935        8,378,812   

Novozymes A/S - B Shares

    17,609        790,420   

Pandora A/S

    8,607        1,124,192   

TDC A/S

    59,338        289,826   

Tryg A/S

    8,735        169,679   

Vestas Wind Systems A/S

    18,883        1,329,060   

William Demant Holding A/S (a) (c)

    1,881        188,878   
   

 

 

 
      18,629,126   
   

 

 

 

 

MSF-183


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—1.0%

   

Elisa Oyj (a)

    13,058      $ 506,620   

Fortum Oyj (a)

    31,487        475,213   

Kone Oyj - Class B (a)

    26,344        1,266,728   

Metso Oyj (a)

    7,511        178,591   

Neste Oyj

    9,073        298,485   

Nokia Oyj

    451,151        2,683,983   

Nokian Renkaat Oyj

    10,639        375,764   

Orion Oyj - Class B

    9,644        318,154   

Sampo Oyj - A Shares (a)

    35,348        1,674,928   

Stora Enso Oyj - R Shares

    40,497        361,597   

UPM-Kymmene Oyj

    42,203        762,312   

Wartsila Oyj Abp (a)

    12,999        586,718   
   

 

 

 
      9,489,093   
   

 

 

 

France—9.1%

   

Accor S.A.

    18,438        781,568   

Aeroports de Paris

    2,209        273,424   

Air Liquide S.A.

    26,902        3,021,929   

Alstom S.A. (a) (c)

    13,067        334,338   

Arkema S.A.

    5,073        380,114   

Atos SE

    6,339        515,903   

AXA S.A.

    155,873        3,669,864   

BNP Paribas S.A.

    82,830        4,159,415   

Bollore S.A.

    61,600        238,988   

Bouygues S.A.

    14,921        607,985   

Bureau Veritas S.A.

    19,643        437,267   

Cap Gemini S.A.

    12,372        1,163,062   

Carrefour S.A.

    46,421        1,276,311   

Casino Guichard Perrachon S.A.

    4,364        249,894   

Christian Dior SE

    4,654        844,456   

Cie de St-Gobain

    40,023        1,760,876   

Cie Generale des Etablissements Michelin

    14,364        1,468,516   

CNP Assurances

    10,520        163,889   

Credit Agricole S.A.

    81,041        875,340   

Danone S.A.

    46,007        3,270,876   

Dassault Systemes S.A.

    10,162        805,623   

Edenred

    13,868        269,497   

Electricite de France S.A.

    17,389        194,752   

Engie S.A.

    120,464        1,867,133   

Essilor International S.A.

    16,817        2,075,128   

Eurazeo S.A.

    2,361        159,824   

Eutelsat Communications S.A.

    14,990        484,111   

Fonciere Des Regions (REIT)

    3,163        298,742   

Gecina S.A. (REIT)

    2,574        354,659   

Groupe Eurotunnel SE

    32,808        368,132   

Hermes International (a)

    2,256        794,774   

ICADE (REIT)

    3,450        264,094   

Iliad S.A.

    2,335        600,779   

Imerys S.A.

    2,253        157,228   

Ingenico Group S.A.

    4,093        469,538   

JCDecaux S.A.

    4,706        205,782   

Kering

    5,893        1,052,285   

Klepierre (REIT)

    16,658        797,069   

L’Oreal S.A.

    19,696        3,525,295   

Lagardere SCA

    8,303        220,540   

Legrand S.A.

    20,811        1,166,699   

France—(Continued)

   

LVMH Moet Hennessy Louis Vuitton SE

    21,849      3,742,448   

Natixis S.A.

    80,165        393,879   

Numericable-SFR SAS

    9,888        415,439   

Orange S.A.

    155,617        2,723,040   

Pernod-Ricard S.A.

    17,290        1,928,869   

Peugeot S.A. (c)

    40,345        691,301   

Publicis Groupe S.A.

    15,420        1,082,211   

Remy Cointreau S.A.

    1,860        141,349   

Renault S.A.

    15,031        1,493,662   

Rexel S.A.

    20,012        285,541   

Safran S.A.

    24,884        1,742,506   

Sanofi

    92,351        7,438,051   

Schneider Electric SE

    43,651        2,760,829   

SCOR SE

    11,686        415,109   

SES S.A.

    24,380        713,498   

Societe BIC S.A.

    2,149        323,548   

Societe Generale S.A.

    57,373        2,113,601   

Sodexo S.A.

    7,921        852,902   

Suez Environnement Co.

    22,682        415,803   

Technip S.A.

    9,722        538,373   

Thales S.A.

    7,807        684,725   

Total S.A.

    173,540        7,904,463   

Unibail-Rodamco SE (REIT) (a)

    7,985        2,194,083   

Valeo S.A.

    6,800        1,058,857   

Veolia Environnement S.A.

    38,440        926,525   

Vinci S.A.

    37,414        2,782,296   

Vivendi S.A.

    94,245        1,982,877   

Wendel S.A.

    2,267        246,952   

Zodiac Aerospace

    14,929        298,655   
   

 

 

 
      89,917,091   
   

 

 

 

Germany—8.3%

   

adidas AG

    16,543        1,941,630   

Allianz SE

    36,569        5,953,363   

Axel Springer SE (a)

    3,006        162,094   

BASF SE

    71,822        5,423,445   

Bayer AG

    65,388        7,695,792   

Bayerische Motoren Werke AG

    26,677        2,453,798   

Beiersdorf AG

    8,429        761,800   

Brenntag AG

    12,657        722,634   

Commerzbank AG (c)

    87,047        757,573   

Continental AG

    8,442        1,924,048   

Daimler AG

    77,142        5,922,658   

Deutsche Bank AG

    109,061        1,858,341   

Deutsche Boerse AG

    14,683        1,254,725   

Deutsche Lufthansa AG (a) (c)

    17,782        287,882   

Deutsche Post AG

    76,616        2,130,939   

Deutsche Telekom AG

    252,157        4,530,103   

Deutsche Wohnen AG

    28,299        881,054   

E.ON SE

    159,825        1,536,121   

Evonik Industries AG

    10,400        312,226   

Fraport AG Frankfurt Airport Services Worldwide

    4,331        262,092   

Fresenius Medical Care AG & Co. KGaA

    17,215        1,527,040   

Fresenius SE & Co. KGaA

    30,854        2,257,355   

GEA Group AG

    14,300        697,366   

Hannover Rueck SE

    5,368        626,052   

 

MSF-184


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

   

HeidelbergCement AG

    10,797      $ 925,267   

Henkel AG & Co. KGaA

    7,933        780,661   

Hugo Boss AG

    4,934        323,923   

Infineon Technologies AG

    85,888        1,223,361   

K&S AG (a)

    14,121        330,742   

Kabel Deutschland Holding AG

    1,650        184,908   

LANXESS AG

    7,402        356,110   

Linde AG

    15,006        2,188,975   

MAN SE

    3,022        327,570   

Merck KGaA

    10,657        889,864   

Metro AG (a)

    15,747        487,883   

Muenchener Rueckversicherungs-Gesellschaft AG

    13,047        2,657,259   

OSRAM Licht AG

    8,388        431,322   

ProSiebenSat.1 Media SE

    16,646        856,709   

RTL Group S.A. (c)

    2,700        228,896   

RWE AG

    34,949        452,600   

SAP SE

    77,711        6,296,108   

Siemens AG

    62,696        6,654,899   

Symrise AG

    8,990        601,861   

Telefonica Deutschland Holding AG

    58,800        318,892   

ThyssenKrupp AG

    32,245        670,953   

TUI AG

    37,093        572,998   

United Internet AG

    8,781        441,040   

Volkswagen AG (a)

    2,495        362,497   

Vonovia SE

    36,786        1,325,468   

Zalando SE (a) (c)

    6,525        214,403   
   

 

 

 
      81,985,300   
   

 

 

 

Hong Kong—3.1%

   

AIA Group, Ltd.

    969,200        5,496,768   

ASM Pacific Technology, Ltd. (a)

    19,600        153,195   

Bank of East Asia, Ltd. (The) (a)

    103,920        388,100   

BOC Hong Kong Holdings, Ltd.

    290,465        867,374   

Cathay Pacific Airways, Ltd.

    87,000        150,804   

Cheung Kong Infrastructure Holdings, Ltd. (a)

    57,000        557,872   

Cheung Kong Property Holdings, Ltd.

    214,440        1,380,530   

CK Hutchison Holdings, Ltd.

    212,440        2,755,090   

CLP Holdings, Ltd.

    147,377        1,334,988   

First Pacific Co., Ltd.

    202,000        151,067   

Galaxy Entertainment Group, Ltd.

    181,000        678,316   

Hang Lung Properties, Ltd.

    161,000        307,999   

Hang Seng Bank, Ltd.

    60,800        1,076,918   

Henderson Land Development Co., Ltd.

    89,176        547,031   

HK Electric Investments & HK Electric Investments, Ltd. (a)

    206,500        181,577   

HKT Trust & HKT, Ltd.

    189,980        261,578   

Hong Kong & China Gas Co., Ltd.

    587,379        1,099,830   

Hong Kong Exchanges and Clearing, Ltd.

    90,200        2,171,273   

Hongkong Land Holdings, Ltd.

    45,900        274,850   

Hysan Development Co., Ltd.

    45,000        191,794   

Jardine Matheson Holdings, Ltd.

    19,700        1,124,267   

Li & Fung, Ltd. (a)

    429,600        254,875   

Link REIT (REIT)

    181,141        1,073,017   

MTR Corp., Ltd.

    110,500        545,090   

New World Development Co., Ltd.

    476,707        455,052   

NWS Holdings, Ltd.

    177,000        281,225   

Hong Kong—(Continued)

   

PCCW, Ltd.

    481,000      310,163   

Power Assets Holdings, Ltd.

    107,049        1,096,131   

Sands China, Ltd.

    190,000        773,494   

Sino Land Co., Ltd.

    289,600        460,290   

Sun Hung Kai Properties, Ltd.

    143,250        1,750,816   

Swire Pacific, Ltd. - Class A

    56,317        606,244   

Swire Properties, Ltd.

    83,600        226,856   

Techtronic Industries Co., Ltd.

    128,000        506,762   

WH Group, Ltd. (c)

    437,000        316,607   

Wharf Holdings, Ltd. (The)

    104,976        574,039   

Wheelock & Co., Ltd.

    68,000        303,898   

Wynn Macau, Ltd. (c)

    134,800        208,693   

Yue Yuen Industrial Holdings, Ltd.

    50,500        173,827   
   

 

 

 
      31,068,300   
   

 

 

 

Ireland—0.9%

   

Bank of Ireland (c)

    2,405,091        698,229   

CRH plc

    67,317        1,899,463   

Experian plc

    79,898        1,422,784   

James Hardie Industries plc

    40,250        550,634   

Kerry Group plc - Class A

    13,003        1,212,831   

Paddy Power Betfair plc

    6,200        864,699   

Shire plc

    46,314        2,655,194   
   

 

 

 
      9,303,834   
   

 

 

 

Israel—0.6%

   

Bank Hapoalim B.M.

    86,396        447,663   

Bank Leumi Le-Israel B.M. (c)

    120,713        432,919   

Bezeq The Israeli Telecommunication Corp., Ltd.

    178,026        400,952   

Check Point Software Technologies, Ltd. (a) (c)

    5,800        507,326   

Israel Chemicals, Ltd.

    45,583        197,447   

NICE Systems, Ltd.

    5,213        341,222   

Teva Pharmaceutical Industries, Ltd.

    73,053        3,922,016   
   

 

 

 
      6,249,545   
   

 

 

 

Italy—1.9%

   

Assicurazioni Generali S.p.A.

    93,308        1,378,564   

Atlantia S.p.A.

    31,412        872,230   

Banca Monte dei Paschi di Siena S.p.A. (c)

    1        1   

Banco Popolare SC (a) (c)

    33,138        227,974   

Enel Green Power S.p.A.

    152,537        327,383   

Enel S.p.A.

    552,608        2,449,387   

Eni S.p.A.

    199,268        3,016,347   

Exor S.p.A.

    10,723        383,953   

Finmeccanica S.p.A. (c)

    28,782        365,637   

Intesa Sanpaolo S.p.A.

    993,553        2,736,200   

Intesa Sanpaolo S.p.A. - Risparmio Shares

    65,400        169,283   

Luxottica Group S.p.A.

    13,581        750,576   

Mediobanca S.p.A.

    44,816        322,813   

Prysmian S.p.A.

    13,126        297,750   

Saipem S.p.A. (c)

    422,993        168,903   

Snam S.p.A.

    176,405        1,104,977   

Telecom Italia S.p.A. (a) (c)

    866,636        935,867   

Telecom Italia S.p.A. - Risparmio Shares

    501,246        437,026   

Terna Rete Elettrica Nazionale S.p.A.

    118,746        677,639   

 

MSF-185


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

   

UniCredit S.p.A.

    392,223      $ 1,415,036   

Unione di Banche Italiane S.p.A.

    67,193        246,807   

UnipolSai S.p.A.

    64,500        149,352   
   

 

 

 
      18,433,705   
   

 

 

 

Japan—21.4%

   

ABC-Mart, Inc.

    2,200        140,900   

Acom Co., Ltd. (a) (c)

    31,200        156,832   

Aeon Co., Ltd.

    51,500        744,709   

AEON Financial Service Co., Ltd. (a)

    8,400        197,823   

Aeon Mall Co., Ltd.

    6,800        100,602   

Air Water, Inc.

    10,000        147,787   

Aisin Seiki Co., Ltd.

    16,500        622,085   

Ajinomoto Co., Inc.

    44,000        992,309   

Alfresa Holdings Corp.

    12,000        230,375   

Alps Electric Co., Ltd.

    13,100        228,467   

Amada Holdings Co., Ltd.

    27,000        263,605   

ANA Holdings, Inc.

    84,000        236,551   

Aozora Bank, Ltd. (a)

    77,000        268,720   

Asahi Glass Co., Ltd.

    72,000        394,396   

Asahi Group Holdings, Ltd.

    30,700        956,224   

Asahi Kasei Corp.

    97,000        654,727   

Asics Corp.

    11,000        195,607   

Astellas Pharma, Inc.

    165,500        2,202,567   

Bandai Namco Holdings, Inc.

    12,500        272,362   

Bank of Kyoto, Ltd. (The)

    22,000        143,599   

Bank of Yokohama, Ltd. (The) (b) (c)

    83,000        377,726   

Benesse Holdings, Inc. (a)

    5,300        152,732   

Bridgestone Corp.

    51,600        1,925,520   

Brother Industries, Ltd.

    16,400        188,706   

Calbee, Inc. (a)

    5,500        218,328   

Canon, Inc.

    83,700        2,497,310   

Casio Computer Co., Ltd.

    16,900        340,443   

Central Japan Railway Co.

    11,700        2,071,041   

Chiba Bank, Ltd. (The)

    49,000        244,438   

Chubu Electric Power Co., Inc.

    57,000        795,223   

Chugai Pharmaceutical Co., Ltd.

    16,800        520,677   

Chugoku Bank, Ltd. (The) (a)

    12,000        125,077   

Chugoku Electric Power Co., Inc. (The) (a)

    23,700        319,956   

Credit Saison Co., Ltd.

    10,500        182,921   

Dai Nippon Printing Co., Ltd.

    40,000        355,701   

Dai-ichi Life Insurance Co., Ltd. (The)

    91,700        1,110,740   

Daicel Corp.

    22,000        300,267   

Daihatsu Motor Co., Ltd. (a)

    14,000        196,988   

Daiichi Sankyo Co., Ltd.

    49,000        1,090,428   

Daikin Industries, Ltd.

    18,000        1,346,304   

Daito Trust Construction Co., Ltd.

    6,200        880,024   

Daiwa House Industry Co., Ltd.

    47,500        1,333,640   

Daiwa Securities Group, Inc.

    126,000        773,758   

Denso Corp.

    40,100        1,609,217   

Dentsu, Inc.

    16,600        833,965   

Don Quijote Holdings Co., Ltd.

    8,200        284,512   

East Japan Railway Co.

    26,900        2,319,207   

Eisai Co., Ltd.

    19,300        1,161,987   

Electric Power Development Co., Ltd.

    10,900        340,112   

FamilyMart Co., Ltd.

    4,300        223,745   

Japan—(Continued)

   

FANUC Corp.

    15,300      2,378,818   

Fast Retailing Co., Ltd.

    4,200        1,345,229   

Fuji Electric Co., Ltd.

    43,000        148,733   

Fuji Heavy Industries, Ltd.

    45,600        1,607,524   

FUJIFILM Holdings Corp.

    36,700        1,449,628   

Fujitsu, Ltd.

    169,000        624,644   

Fukuoka Financial Group, Inc.

    53,000        172,971   

Gunma Bank, Ltd. (The)

    26,000        107,320   

Hachijuni Bank, Ltd. (The)

    30,000        129,153   

Hakuhodo DY Holdings, Inc.

    17,600        199,564   

Hamamatsu Photonics KK (a)

    9,600        264,435   

Hankyu Hanshin Holdings, Inc.

    102,000        650,324   

Hino Motors, Ltd. (a)

    19,000        205,598   

Hirose Electric Co., Ltd.

    2,300        253,801   

Hiroshima Bank, Ltd. (The)

    38,000        138,672   

Hisamitsu Pharmaceutical Co., Inc.

    4,500        200,938   

Hitachi Chemical Co., Ltd.

    8,500        153,052   

Hitachi High-Technologies Corp.

    5,500        154,677   

Hitachi Metals, Ltd.

    20,000        205,881   

Hitachi, Ltd.

    383,000        1,793,127   

Hokuhoku Financial Group, Inc.

    85,000        111,660   

Hokuriku Electric Power Co.

    12,000        170,012   

Honda Motor Co., Ltd.

    127,700        3,504,314   

Hoshizaki Electric Co., Ltd.

    3,100        258,578   

Hoya Corp.

    31,900        1,214,421   

Hulic Co., Ltd.

    32,300        308,204   

IHI Corp. (a)

    99,000        208,660   

Iida Group Holdings Co., Ltd.

    12,700        247,274   

Inpex Corp.

    71,100        539,553   

Isetan Mitsukoshi Holdings, Ltd.

    26,900        314,563   

Isuzu Motors, Ltd.

    54,500        563,139   

ITOCHU Corp.

    124,100        1,529,399   

Iyo Bank, Ltd. (The) (a)

    17,000        111,193   

J Front Retailing Co., Ltd.

    23,000        304,674   

Japan Airlines Co., Ltd.

    8,400        307,969   

Japan Exchange Group, Inc.

    46,400        709,475   

Japan Post Bank Co., Ltd.

    30,800        379,371   

Japan Post Holdings Co., Ltd.

    34,200        456,822   

Japan Prime Realty Investment Corp. (REIT)

    88        358,546   

Japan Real Estate Investment Corp. (REIT)

    105        607,103   

Japan Retail Fund Investment Corp. (REIT)

    202        484,961   

Japan Tobacco, Inc.

    86,200        3,588,461   

JFE Holdings, Inc. (a)

    35,500        478,429   

JGC Corp. (a)

    14,000        209,758   

Joyo Bank, Ltd. (The) (a)

    54,000        185,056   

JSR Corp.

    19,100        274,237   

JTEKT Corp.

    20,000        259,610   

JX Holdings, Inc.

    194,300        749,550   

Kajima Corp.

    80,000        501,346   

Kakaku.com, Inc. (a)

    11,000        204,057   

Kamigumi Co., Ltd.

    17,000        159,814   

Kaneka Corp.

    22,000        188,065   

Kansai Electric Power Co., Inc. (The) (c)

    55,000        486,649   

Kansai Paint Co., Ltd. (a)

    23,900        384,213   

Kao Corp.

    40,000        2,135,360   

Kawasaki Heavy Industries, Ltd. (a)

    124,000        357,117   

KDDI Corp.

    137,000        3,656,373   

 

MSF-186


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Keihan Electric Railway Co., Ltd. (a)

    39,000      $ 274,648   

Keikyu Corp.

    36,000        316,558   

Keio Corp.

    45,000        394,848   

Keisei Electric Railway Co., Ltd.

    20,000        281,553   

Keyence Corp.

    3,700        2,019,718   

Kikkoman Corp. (a)

    12,000        394,820   

Kintetsu Group Holdings Co., Ltd.

    157,120        636,321   

Kirin Holdings Co., Ltd.

    62,000        869,059   

Kobe Steel, Ltd.

    272,000        238,658   

Koito Manufacturing Co., Ltd.

    10,100        456,810   

Komatsu, Ltd.

    75,400        1,284,630   

Konami Holdings Corp. (a)

    7,300        215,877   

Konica Minolta, Inc.

    37,000        314,548   

Kose Corp.

    2,300        223,302   

Kubota Corp.

    89,000        1,212,377   

Kuraray Co., Ltd.

    24,500        299,193   

Kurita Water Industries, Ltd.

    7,100        161,831   

Kyocera Corp.

    24,900        1,097,615   

Kyowa Hakko Kirin Co., Ltd.

    20,000        319,415   

Kyushu Electric Power Co., Inc. (a) (c)

    39,700        378,135   

Kyushu Financial Group, Inc.

    26,400        152,086   

Lawson, Inc.

    4,900        410,052   

LIXIL Group Corp.

    24,500        499,242   

M3, Inc. (a)

    18,600        467,397   

Mabuchi Motor Co., Ltd.

    3,600        167,281   

Makita Corp. (a)

    9,500        589,681   

Marubeni Corp. (a)

    133,500        676,700   

Marui Group Co., Ltd. (a)

    16,000        229,494   

Mazda Motor Corp.

    41,400        640,565   

Medipal Holdings Corp.

    10,700        169,560   

MEIJI Holdings Co., Ltd.

    10,200        819,668   

Minebea Co., Ltd. (a)

    24,000        187,342   

Miraca Holdings, Inc.

    4,000        164,206   

Mitsubishi Chemical Holdings Corp.

    116,300        605,985   

Mitsubishi Corp.

    105,400        1,786,218   

Mitsubishi Electric Corp.

    160,000        1,677,871   

Mitsubishi Estate Co., Ltd.

    99,000        1,836,332   

Mitsubishi Gas Chemical Co., Inc.

    26,000        139,813   

Mitsubishi Heavy Industries, Ltd.

    260,000        963,687   

Mitsubishi Materials Corp. (a)

    79,000        222,802   

Mitsubishi Motors Corp.

    44,999        336,533   

Mitsubishi Tanabe Pharma Corp.

    22,000        382,410   

Mitsubishi UFJ Financial Group, Inc.

    998,588        4,630,040   

Mitsubishi UFJ Lease & Finance Co., Ltd.

    41,500        181,831   

Mitsui & Co., Ltd. (a)

    132,217        1,522,632   

Mitsui Chemicals, Inc.

    57,000        189,524   

Mitsui Fudosan Co., Ltd.

    75,000        1,867,374   

Mitsui OSK Lines, Ltd. (a)

    75,000        152,298   

Mizuho Financial Group, Inc. (a)

    1,845,900        2,759,138   

MS&AD Insurance Group Holdings, Inc.

    40,200        1,120,843   

Murata Manufacturing Co., Ltd.

    15,900        1,912,509   

Nabtesco Corp.

    12,700        285,290   

Nagoya Railroad Co., Ltd. (a)

    62,000        289,772   

NEC Corp.

    225,000        566,217   

Nexon Co., Ltd.

    10,300        175,226   

NGK Insulators, Ltd.

    23,000        423,971   

NGK Spark Plug Co., Ltd.

    12,000        229,154   

Japan—(Continued)

   

NH Foods, Ltd. (a)

    14,000      308,297   

Nidec Corp.

    18,500        1,266,780   

Nikon Corp. (a)

    31,200        477,875   

Nintendo Co., Ltd.

    8,300        1,177,661   

Nippon Building Fund, Inc. (REIT)

    118        699,147   

Nippon Electric Glass Co., Ltd.

    31,000        158,790   

Nippon Express Co., Ltd.

    59,000        268,631   

Nippon Paint Holdings Co., Ltd. (a)

    13,000        288,619   

Nippon Prologis REIT, Inc. (REIT)

    109        243,991   

Nippon Steel & Sumitomo Metal Corp.

    62,100        1,193,691   

Nippon Telegraph & Telephone Corp.

    54,900        2,363,717   

Nippon Yusen KK

    142,000        273,307   

Nissan Motor Co., Ltd.

    197,400        1,823,879   

Nisshin Seifun Group, Inc.

    15,700        249,792   

Nissin Foods Holdings Co., Ltd.

    4,700        220,885   

Nitori Holdings Co., Ltd.

    6,900        632,577   

Nitto Denko Corp. (a)

    12,600        700,945   

Nomura Holdings, Inc.

    303,200        1,351,457   

Nomura Real Estate Holdings, Inc.

    13,100        241,703   

Nomura Real Estate Master Fund, Inc. (REIT)

    260        388,035   

Nomura Research Institute, Ltd.

    9,000        302,781   

NSK, Ltd.

    39,000        356,104   

NTT Data Corp.

    10,776        541,481   

NTT DoCoMo, Inc.

    112,700        2,554,185   

Obayashi Corp.

    58,000        572,495   

Obic Co., Ltd. (a)

    5,000        264,552   

Odakyu Electric Railway Co., Ltd. (a)

    55,000        599,190   

OJI Holdings Corp.

    68,000        272,730   

Olympus Corp.

    22,800        887,003   

Omron Corp.

    16,400        488,510   

Ono Pharmaceutical Co., Ltd.

    32,000        1,355,915   

Oracle Corp. Japan

    3,000        168,383   

Oriental Land Co., Ltd.

    16,000        1,134,241   

ORIX Corp.

    110,600        1,573,723   

Osaka Gas Co., Ltd.

    161,000        618,291   

Otsuka Corp.

    3,700        195,171   

Otsuka Holdings Co., Ltd.

    32,000        1,161,636   

Panasonic Corp.

    183,800        1,689,101   

Park24 Co., Ltd. (a)

    7,400        207,022   

Rakuten, Inc.

    76,600        739,348   

Recruit Holdings Co., Ltd. (a)

    10,200        311,081   

Resona Holdings, Inc.

    169,400        604,945   

Ricoh Co., Ltd. (a)

    63,700        649,208   

Rinnai Corp.

    2,800        247,495   

Rohm Co., Ltd.

    6,700        281,683   

Ryohin Keikaku Co., Ltd.

    1,800        380,241   

Sankyo Co., Ltd.

    3,900        145,335   

Santen Pharmaceutical Co., Ltd.

    27,500        413,376   

SBI Holdings, Inc.

    19,011        192,603   

Secom Co., Ltd.

    17,500        1,302,006   

Sega Sammy Holdings, Inc. (a)

    13,300        145,135   

Seibu Holdings, Inc.

    9,000        190,571   

Seiko Epson Corp. (a)

    20,000        322,457   

Sekisui Chemical Co., Ltd.

    37,900        467,117   

Sekisui House, Ltd.

    46,800        788,660   

Seven & I Holdings Co., Ltd.

    59,100        2,513,505   

Seven Bank, Ltd. (a)

    43,000        183,246   

 

MSF-187


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Shikoku Electric Power Co., Inc. (a)

    15,100      $ 202,288   

Shimadzu Corp.

    25,000        392,337   

Shimamura Co., Ltd.

    1,400        174,357   

Shimano, Inc.

    6,000        939,159   

Shimizu Corp.

    54,000        457,213   

Shin-Etsu Chemical Co., Ltd.

    33,800        1,750,472   

Shinsei Bank, Ltd. (a)

    160,000        209,148   

Shionogi & Co., Ltd.

    25,200        1,184,639   

Shiseido Co., Ltd.

    29,300        654,526   

Shizuoka Bank, Ltd. (The)

    41,000        296,049   

SMC Corp.

    4,500        1,045,885   

SoftBank Group Corp.

    76,100        3,618,372   

Sohgo Security Services Co., Ltd.

    4,800        260,392   

Sompo Japan Nipponkoa Holdings, Inc.

    26,999        765,302   

Sony Corp.

    99,000        2,546,312   

Sony Financial Holdings, Inc. (a)

    12,800        163,661   

Stanley Electric Co., Ltd. (a)

    11,800        266,367   

Sumitomo Chemical Co., Ltd.

    109,000        491,885   

Sumitomo Corp. (a)

    93,000        924,917   

Sumitomo Dainippon Pharma Co., Ltd. (a)

    12,500        144,061   

Sumitomo Electric Industries, Ltd.

    56,334        685,721   

Sumitomo Heavy Industries, Ltd.

    39,000        161,235   

Sumitomo Metal Mining Co., Ltd.

    40,000        397,464   

Sumitomo Mitsui Financial Group, Inc.

    99,700        3,024,578   

Sumitomo Mitsui Trust Holdings, Inc.

    265,262        777,367   

Sumitomo Realty & Development Co., Ltd.

    28,000        817,601   

Sumitomo Rubber Industries, Ltd.

    12,500        192,820   

Suntory Beverage & Food, Ltd.

    10,400        467,951   

Suruga Bank, Ltd. (a)

    13,000        228,684   

Suzuken Co., Ltd.

    5,800        197,270   

Suzuki Motor Corp.

    30,200        808,431   

Sysmex Corp.

    12,200        761,488   

T&D Holdings, Inc.

    49,200        459,112   

Taiheiyo Cement Corp.

    82,000        188,458   

Taisei Corp.

    80,000        528,474   

Taisho Pharmaceutical Holdings Co., Ltd. (a)

    3,000        238,001   

Takashimaya Co., Ltd.

    19,000        159,000   

Takeda Pharmaceutical Co., Ltd. (a)

    61,900        2,827,362   

TDK Corp.

    10,500        583,461   

Teijin, Ltd.

    66,000        230,065   

Terumo Corp.

    23,900        857,601   

THK Co., Ltd. (a)

    7,700        142,147   

Tobu Railway Co., Ltd.

    73,000        363,745   

Toho Co., Ltd.

    8,500        223,504   

Toho Gas Co., Ltd. (a)

    31,000        220,284   

Tohoku Electric Power Co., Inc.

    39,800        513,968   

Tokio Marine Holdings, Inc.

    53,500        1,807,432   

Tokyo Electric Power Co., Inc. (c)

    124,100        681,706   

Tokyo Electron, Ltd.

    13,500        880,660   

Tokyo Gas Co., Ltd.

    196,000        914,637   

Tokyo Tatemono Co., Ltd.

    14,500        180,774   

Tokyu Corp.

    96,000        803,684   

Tokyu Fudosan Holdings Corp.

    37,000        250,590   

TonenGeneral Sekiyu KK

    18,000        162,691   

Toppan Printing Co., Ltd.

    41,000        343,709   

Toray Industries, Inc.

    111,000        945,048   

Toshiba Corp. (a) (c)

    313,000        607,830   

Japan—(Continued)

   

TOTO, Ltd. (a)

    14,000      435,942   

Toyo Seikan Group Holdings, Ltd. (a)

    17,200        322,392   

Toyo Suisan Kaisha, Ltd.

    6,000        215,349   

Toyota Industries Corp.

    12,600        566,885   

Toyota Motor Corp.

    213,900        11,295,796   

Toyota Tsusho Corp.

    20,800        470,322   

Trend Micro, Inc.

    10,400        380,260   

Unicharm Corp. (a)

    33,200        721,569   

United Urban Investment Corp. (REIT)

    266        430,092   

USS Co., Ltd.

    16,600        264,970   

West Japan Railway Co.

    13,700        845,207   

Yahoo Japan Corp. (a)

    132,900        565,056   

Yakult Honsha Co., Ltd. (a)

    6,300        278,807   

Yamada Denki Co., Ltd. (a)

    55,900        264,197   

Yamaguchi Financial Group, Inc. (a)

    15,000        136,473   

Yamaha Corp.

    15,800        476,335   

Yamaha Motor Co., Ltd.

    23,700        393,224   

Yamato Holdings Co., Ltd. (a)

    27,000        539,512   

Yamazaki Baking Co., Ltd.

    9,000        189,781   

Yaskawa Electric Corp.

    18,000        207,363   

Yokogawa Electric Corp.

    16,300        168,581   

Yokohama Rubber Co., Ltd. (The)

    8,400        138,251   
   

 

 

 
      211,362,239   
   

 

 

 

Luxembourg—0.1%

   

ArcelorMittal (a)

    127,643        574,468   

Tenaris S.A. (a)

    43,902        546,523   
   

 

 

 
      1,120,991   
   

 

 

 

Netherlands—2.8%

   

Aegon NV

    144,233        790,871   

AerCap Holdings NV (a) (c)

    6,800        263,568   

Airbus Group SE

    46,190        3,069,430   

Akzo Nobel NV

    18,902        1,286,298   

Altice NV - Class A (c)

    35,059        621,592   

Altice NV - Class B (c)

    8,983        161,829   

ASML Holding NV

    27,228        2,760,708   

Boskalis Westminster

    6,001        235,491   

CNH Industrial NV

    78,026        531,154   

Ferrari NV (a) (c)

    9,578        396,862   

Gemalto NV

    7,697        568,115   

Heineken Holding NV

    8,233        641,505   

Heineken NV

    18,019        1,634,036   

ING Groep NV

    303,467        3,659,625   

Koninklijke Ahold NV

    66,939        1,504,854   

Koninklijke DSM NV

    15,861        870,812   

Koninklijke KPN NV

    263,537        1,102,621   

Koninklijke Philips NV

    74,893        2,129,447   

Koninklijke Vopak NV

    7,217        359,764   

NN Group NV

    18,194        594,446   

NXP Semiconductors NV (a) (c)

    10,300        835,021   

QIAGEN NV (c)

    15,370        341,237   

Randstad Holding NV

    9,402        519,828   

RELX NV

    78,420        1,366,972   

STMicroelectronics NV

    44,693        247,629   

TNT Express NV

    37,717        338,927   

 

MSF-188


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Netherlands—(Continued)

   

Wolters Kluwer NV

    22,968      $ 916,349   
   

 

 

 
      27,748,991   
   

 

 

 

New Zealand—0.2%

   

Auckland International Airport, Ltd.

    99,212        442,977   

Contact Energy, Ltd.

    58,969        204,892   

Fletcher Building, Ltd.

    56,031        306,820   

Meridian Energy, Ltd.

    124,449        226,499   

Ryman Healthcare, Ltd.

    29,900        173,322   

Spark New Zealand, Ltd.

    127,873        324,059   
   

 

 

 
      1,678,569   
   

 

 

 

Norway—0.6%

   

DNB ASA

    81,386        961,932   

Gjensidige Forsikring ASA

    14,357        244,792   

Norsk Hydro ASA

    92,923        381,205   

Orkla ASA

    68,492        619,964   

Schibsted ASA - Class A

    5,724        166,995   

Schibsted ASA - Class B (c)

    6,744        186,366   

Statoil ASA

    87,269        1,367,798   

Telenor ASA

    58,784        949,791   

Yara International ASA

    15,820        593,944   
   

 

 

 
      5,472,787   
   

 

 

 

Portugal—0.2%

   

Banco Espirito Santo S.A. (b) (c) (d)

    199,038        0   

EDP - Energias de Portugal S.A.

    198,295        704,159   

Galp Energia SGPS S.A.

    40,100        504,106   

Jeronimo Martins SGPS S.A.

    22,596        369,366   
   

 

 

 
      1,577,631   
   

 

 

 

Singapore—1.3%

   

Ascendas Real Estate Investment Trust (REIT)

    215,000        381,446   

CapitaLand Commercial Trust (REIT)

    143,000        156,088   

CapitaLand Mall Trust (REIT)

    240,200        372,729   

CapitaLand, Ltd.

    227,200        517,758   

City Developments, Ltd.

    34,000        206,192   

ComfortDelGro Corp., Ltd.

    153,000        331,684   

DBS Group Holdings, Ltd.

    134,767        1,538,646   

Genting Singapore plc

    418,200        259,206   

Global Logistic Properties, Ltd.

    278,000        397,204   

Golden Agri-Resources, Ltd.

    605,100        184,148   

Hutchison Port Holdings Trust - Class U

    538,000        268,933   

Jardine Cycle & Carriage, Ltd.

    8,888        264,081   

Keppel Corp., Ltd. (a)

    128,900        559,429   

Oversea-Chinese Banking Corp., Ltd.

    247,264        1,622,375   

Sembcorp Industries, Ltd. (a)

    71,000        159,667   

Singapore Airlines, Ltd.

    51,440        436,150   

Singapore Exchange, Ltd.

    56,000        330,456   

Singapore Press Holdings, Ltd. (a)

    153,050        454,444   

Singapore Technologies Engineering, Ltd.

    130,000        311,712   

Singapore Telecommunications, Ltd.

    628,020        1,780,891   

Suntec Real Estate Investment Trust (REIT) (a)

    179,000        222,578   

United Overseas Bank, Ltd.

    105,192        1,473,422   

UOL Group, Ltd.

    33,000        146,970   

Singapore—(Continued)

   

Wilmar International, Ltd.

    159,200      397,038   
   

 

 

 
      12,773,247   
   

 

 

 

Spain—3.0%

   

Abertis Infraestructuras S.A.

    39,268        643,792   

ACS Actividades de Construccion y Servicios S.A.

    18,297        543,812   

Aena S.A. (c)

    5,774        743,794   

Amadeus IT Holding S.A. - A Shares

    36,080        1,544,270   

Banco Bilbao Vizcaya Argentaria S.A.

    498,407        3,292,894   

Banco de Sabadell S.A. (a)

    446,898        799,925   

Banco Popular Espanol S.A. (a)

    131,691        340,230   

Banco Santander S.A.

    1,130,381        4,946,467   

Bankia S.A.

    323,299        305,173   

Bankinter S.A.

    48,939        344,497   

CaixaBank S.A. (a)

    195,134        575,339   

CaixaBank S.A. (a) (c)

    3,097        9,165   

Distribuidora Internacional de Alimentacion S.A. (a)

    40,490        209,696   

Enagas S.A.

    15,504        465,658   

Endesa S.A.

    23,384        448,439   

Ferrovial S.A.

    36,902        790,895   

Gas Natural SDG S.A.

    31,745        642,344   

Grifols S.A.

    23,842        530,105   

Iberdrola S.A.

    429,617        2,863,165   

Industria de Diseno Textil S.A.

    85,299        2,865,935   

International Consolidated Airlines Group S.A. - Class DI

    69,940        557,110   

Mapfre S.A.

    74,474        160,914   

Red Electrica Corp. S.A.

    9,130        791,994   

Repsol S.A.

    85,633        965,184   

Telefonica S.A.

    352,406        3,944,979   

Zardoya Otis S.A. (a)

    21,385        248,185   
   

 

 

 
      29,573,961   
   

 

 

 

Sweden—2.8%

   

Alfa Laval AB

    20,852        339,731   

Assa Abloy AB - Class B

    76,998        1,515,848   

Atlas Copco AB - A Shares

    51,088        1,286,839   

Atlas Copco AB - B Shares

    32,703        771,686   

Boliden AB

    18,744        298,065   

Electrolux AB - Series B (a)

    17,118        450,880   

Getinge AB - B Shares (a)

    19,011        436,863   

Hennes & Mauritz AB - B Shares

    74,424        2,472,897   

Hexagon AB - B Shares

    19,206        747,884   

Husqvarna AB - B Shares

    25,677        187,879   

ICA Gruppen AB

    5,619        185,920   

Industrivarden AB - C Shares

    16,050        272,611   

Investment AB Kinnevik - B Shares

    21,519        607,919   

Investor AB - B Shares

    35,158        1,245,237   

Lundin Petroleum AB (a) (c)

    16,017        271,258   

Millicom International Cellular S.A.

    5,384        293,924   

Nordea Bank AB

    237,519        2,282,857   

Sandvik AB

    84,986        880,097   

Securitas AB - B Shares

    21,462        355,747   

Skandinaviska Enskilda Banken AB - Class A (a)

    125,966        1,197,557   

 

MSF-189


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

   

Skanska AB - B Shares (a)

    30,119      $ 686,714   

SKF AB - B Shares (a)

    32,785        592,549   

Svenska Cellulosa AB SCA - B Shares

    46,579        1,451,084   

Svenska Handelsbanken AB - A Shares

    123,478        1,564,010   

Swedbank AB - A Shares

    75,029        1,609,688   

Swedish Match AB

    14,499        491,651   

Tele2 AB - B Shares (a)

    21,032        194,348   

Telefonaktiebolaget LM Ericsson - B Shares

    245,096        2,455,239   

TeliaSonera AB

    219,400        1,140,243   

Volvo AB - B Shares

    126,102        1,377,775   
   

 

 

 
      27,665,000   
   

 

 

 

Switzerland—8.9%

   

ABB, Ltd. (c)

    172,103        3,366,057   

Actelion, Ltd. (c)

    8,051        1,205,133   

Adecco S.A.

    12,943        843,114   

Aryzta AG (a) (c)

    7,132        295,423   

Baloise Holding AG

    4,297        546,594   

Barry Callebaut AG (a) (c)

    132        143,754   

Chocoladefabriken Lindt & Spruengli AG

    9        676,244   

Chocoladefabriken Lindt & Spruengli AG (Participation Certifcate)

    81        502,774   

Cie Financiere Richemont S.A.

    40,858        2,703,906   

Coca-Cola HBC AG (c)

    13,800        293,038   

Credit Suisse Group AG (c)

    145,390        2,063,264   

Dufry AG (c)

    2,990        369,359   

EMS-Chemie Holding AG (a)

    579        300,812   

Galenica AG (a)

    295        443,715   

Geberit AG

    2,876        1,075,534   

Givaudan S.A.

    717        1,408,170   

Glencore plc (a) (c)

    957,509        2,156,646   

Julius Baer Group, Ltd. (c)

    17,027        730,379   

Kuehne & Nagel International AG

    4,135        590,027   

LafargeHolcim, Ltd. (c)

    37,989        1,792,378   

Lonza Group AG (c)

    4,579        774,894   

Nestle S.A.

    252,149        18,905,525   

Novartis AG

    179,960        13,052,419   

Pargesa Holding S.A.

    3,763        240,328   

Partners Group Holding AG

    1,228        494,112   

Roche Holding AG

    55,563        13,689,767   

Schindler Holding AG

    1,428        262,493   

Schindler Holding AG (Participation Certificate)

    3,959        730,479   

SGS S.A. (a)

    429        909,830   

Sika AG

    170        673,855   

Sonova Holding AG (a)

    4,058        518,785   

Swatch Group AG (The)

    5,039        339,655   

Swatch Group AG (The) - Bearer Shares (a)

    2,384        826,742   

Swiss Life Holding AG (c)

    2,458        655,680   

Swiss Prime Site AG (a) (c)

    4,882        432,102   

Swiss Re AG

    27,567        2,549,658   

Swisscom AG (a)

    2,156        1,172,143   

Syngenta AG

    7,274        3,027,354   

Transocean, Ltd. (Swiss-Traded Shares)

    24,746        220,935   

UBS Group AG

    294,259        4,732,327   

Zurich Insurance Group AG (c)

    11,772        2,731,055   
   

 

 

 
      88,446,459   
   

 

 

 

United Kingdom—18.1%

   

3i Group plc

    83,477      544,765   

Aberdeen Asset Management plc (a)

    62,282        246,293   

Admiral Group plc

    16,009        454,963   

Aggreko plc (a)

    17,661        272,060   

Anglo American plc

    114,075        894,128   

Antofagasta plc (a)

    26,957        180,471   

ARM Holdings plc

    116,734        1,703,748   

Ashtead Group plc

    36,539        450,803   

Associated British Foods plc

    27,546        1,321,101   

AstraZeneca plc

    99,955        5,585,318   

Auto Trader Group plc

    75,401        421,183   

Aviva plc

    331,823        2,161,950   

Babcock International Group plc

    22,688        309,485   

BAE Systems plc

    259,623        1,893,573   

Barclays plc

    1,312,463        2,809,477   

Barratt Developments plc

    88,548        710,750   

Berkeley Group Holdings plc

    10,289        473,997   

BP plc

    1,448,539        7,262,869   

British American Tobacco plc

    147,426        8,639,949   

British Land Co. plc (The) (REIT)

    73,348        735,491   

BT Group plc

    669,710        4,221,151   

Bunzl plc

    27,344        792,283   

Burberry Group plc

    32,742        641,814   

Capita plc (a)

    56,282        839,853   

Carnival plc

    15,318        826,594   

Centrica plc

    410,376        1,337,574   

Cobham plc

    99,074        307,842   

Compass Group plc

    128,908        2,267,432   

Croda International plc

    12,629        550,361   

Diageo plc

    199,591        5,390,256   

Direct Line Insurance Group plc

    120,497        638,631   

Dixons Carphone plc

    87,082        531,211   

easyJet plc

    10,815        235,384   

Fiat Chrysler Automobiles NV (a)

    70,787        568,679   

Fresnillo plc

    22,254        304,106   

G4S plc

    145,464        396,658   

GKN plc

    126,099        522,850   

GlaxoSmithKline plc

    384,893        7,804,623   

Hammerson plc (REIT)

    56,484        468,016   

Hargreaves Lansdown plc

    23,808        457,128   

HSBC Holdings plc

    1,548,785        9,603,796   

ICAP plc

    53,697        365,267   

IMI plc

    20,055        273,240   

Imperial Brands plc

    77,211        4,277,556   

Inmarsat plc

    33,445        471,202   

InterContinental Hotels Group plc

    18,621        764,862   

Intertek Group plc

    14,174        642,951   

Intu Properties plc (REIT) (a)

    92,411        414,044   

Investec plc

    41,855        306,129   

J Sainsbury plc (a)

    120,106        475,886   

Johnson Matthey plc

    15,590        612,992   

Kingfisher plc

    189,541        1,023,696   

Land Securities Group plc (REIT)

    59,558        938,767   

Legal & General Group plc

    465,307        1,562,939   

Lloyds Banking Group plc

    4,592,098        4,460,476   

London Stock Exchange Group plc

    25,259        1,018,249   

Marks & Spencer Group plc

    137,472        799,763   

 

MSF-190


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

United Kingdom—(Continued)

   

Mediclinic International plc

    30,600      $ 393,452   

Meggitt plc

    55,862        325,195   

Merlin Entertainments plc

    52,353        347,558   

Mondi plc

    27,093        517,612   

National Grid plc

    292,804        4,151,429   

Next plc

    11,803        913,180   

Old Mutual plc

    378,865        1,043,115   

Pearson plc

    63,486        796,051   

Persimmon plc

    22,805        681,134   

Petrofac, Ltd. (a)

    17,337        227,826   

Provident Financial plc

    11,099        471,040   

Prudential plc

    201,111        3,732,793   

Randgold Resources, Ltd.

    8,250        751,551   

Reckitt Benckiser Group plc

    50,047        4,836,365   

RELX plc

    85,441        1,583,485   

Rexam plc

    61,505        559,807   

Rio Tinto plc

    100,627        2,841,694   

Rolls-Royce Holdings plc (c)

    152,053        1,481,401   

Royal Bank of Scotland Group plc (c)

    262,192        834,423   

Royal Dutch Shell plc - A Shares

    311,737        7,525,977   

Royal Dutch Shell plc - B Shares

    313,405        7,638,739   

Royal Mail plc

    67,965        467,616   

RSA Insurance Group plc

    93,305        634,577   

SABMiller plc

    78,048        4,773,123   

Sage Group plc (The)

    93,810        845,163   

Schroders plc

    8,724        334,474   

Segro plc (REIT)

    61,844        363,581   

Severn Trent plc

    20,415        635,993   

Sky plc

    81,836        1,200,162   

Smith & Nephew plc

    70,070        1,151,587   

Smiths Group plc

    31,976        492,016   

SSE plc

    80,939        1,729,647   

St. James’s Place plc

    38,927        510,764   

Standard Chartered plc

    260,617        1,754,994   

Standard Life plc

    166,532        847,905   

Tate & Lyle plc

    33,576        278,730   

Taylor Wimpey plc

    240,026        653,870   

Tesco plc (c)

    671,221        1,848,728   

Travis Perkins plc

    20,832        545,070   

Unilever NV

    130,477        5,836,223   

Unilever plc

    101,509        4,587,021   

United Utilities Group plc

    57,234        757,465   

Vodafone Group plc

    2,100,036        6,698,519   

Weir Group plc (The)

    17,104        272,234   

Whitbread plc

    14,502        824,793   

William Hill plc

    82,380        386,263   

WM Morrison Supermarkets plc (a)

    166,578        474,106   

Wolseley plc

    20,872        1,176,146   

Worldpay Group plc (c)

    87,239        343,431   

WPP plc

    101,340        2,363,327   
   

 

 

 
      178,627,990   
   

 

 

 
Security Description   Shares/
Principal
Amount*
    Value  

United States—0.0%

  

Mobileye NV (c)

    9,400      350,526   
   

 

 

 

Total Common Stocks
(Cost $906,477,407)

      935,404,126   
   

 

 

 
Mutual Fund—2.7%   

United States—2.7%

  

iShares MSCI EAFE ETF (a) (e)
(Cost $25,440,645)

    468,000        26,736,840   
   

 

 

 
Preferred Stocks—0.5%   

Germany—0.5%

  

Bayerische Motoren Werke (BMW) AG

    3,505        280,474   

FUCHS Petrolub SE

    4,900        218,963   

Henkel AG & Co. KGaA

    13,964        1,541,136   

Porsche Automobil Holding SE

    11,870        612,686   

Volkswagen AG

    15,111        1,924,750   
   

 

 

 

Total Preferred Stocks
(Cost $3,863,448)

      4,578,009   
   

 

 

 
Short-Term Investments—7.6%   

Discount Notes—1.3%

   

Fannie Mae
0.297%, 05/11/16 (f)

    400,000        399,867   

0.395%, 06/29/16 (f)

    100,000        99,902   

Federal Home Loan Bank
0.389%, 06/01/16 (f)

    5,325,000        5,321,481   

0.413%, 07/27/16 (f)

    175,000        174,767   

0.454%, 07/22/16 (f)

    2,450,000        2,446,560   

0.464%, 08/17/16 (f)

    4,275,000        4,267,462   
   

 

 

 
      12,710,039   
   

 

 

 

Mutual Fund—5.9%

   

State Street Navigator Securities Lending MET Portfolio (g)

    58,612,643        58,612,643   
   

 

 

 

U.S. Treasury—0.4%

   

U.S. Treasury Bills
0.291%, 06/02/16 (f)

    525,000        524,736   

0.294%, 05/19/16 (f)

    3,600,000        3,598,578   
   

 

 

 
      4,123,314   
   

 

 

 

Total Short-Term Investments
(Cost $75,445,996)

      75,445,996   
   

 

 

 

Total Investments—105.5%
(Cost $1,011,227,496) (h)

      1,042,164,971   

Other assets and liabilities (net)—(5.5)%

      (54,208,407
   

 

 

 
Net Assets—100.0%     $ 987,956,564   
   

 

 

 

 

MSF-191


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

 

* 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, 2016, the market value of securities loaned was $58,515,107 and the collateral received consisted of cash in the amount of $58,612,643 and non-cash collateral with a value of $3,096,156. 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) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2016, these securities represent 0.1% of net assets.
(c) Non-income producing security.
(d) Illiquid security. As of March 31, 2016, these securities represent 0.0% of net assets.
(e) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2016, the market value of securities pledged was $1,713,900.
(f) The rate shown represents current yield to maturity.
(g) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(h) As of March 31, 2016, the aggregate cost of investments was $1,011,227,496. The aggregate unrealized appreciation and depreciation of investments were $207,704,797 and $(176,767,322), respectively, resulting in net unrealized appreciation of $30,937,475.
(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, 2016 (Unaudited)

  

% of
Net Assets

 

Banks

     10.6   

Pharmaceuticals

     8.7   

Insurance

     5.4   

Oil, Gas & Consumable Fuels

     4.3   

Automobiles

     3.6   

Chemicals

     3.3   

Food Products

     3.2   

Diversified Telecommunication Services

     3.1   

Beverages

     2.7   

Machinery

     2.2   

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

MSCI EAFE Mini Index Futures

     06/17/16         179         USD         14,571,882       $ (23,657
              

 

 

 

 

(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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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-192


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of March 31, 2016:

 

Description    Level 1     Level 2     Level 3      Total  
Common Stocks          

Australia

   $ —        $ 68,351,878      $ 314,311       $ 68,666,189   

Austria

     —          1,663,310        —           1,663,310   

Belgium

     —          13,600,242        —           13,600,242   

Denmark

     —          18,629,126        —           18,629,126   

Finland

     —          9,489,093        —           9,489,093   

France

     —          89,917,091        —           89,917,091   

Germany

     —          81,985,300        —           81,985,300   

Hong Kong

     —          31,068,300        —           31,068,300   

Ireland

     —          9,303,834        —           9,303,834   

Israel

     507,326        5,742,219        —           6,249,545   

Italy

     —          18,433,705        —           18,433,705   

Japan

     1,134,241        209,850,272        377,726         211,362,239   

Luxembourg

     —          1,120,991        —           1,120,991   

Netherlands

     1,098,589        26,650,402        —           27,748,991   

New Zealand

     —          1,678,569        —           1,678,569   

Norway

     —          5,472,787        —           5,472,787   

Portugal

     —          1,577,631        0         1,577,631   

Singapore

     —          12,773,247        —           12,773,247   

Spain

     9,165        29,564,796        —           29,573,961   

Sweden

     —          27,665,000        —           27,665,000   

Switzerland

     590,294        87,856,165        —           88,446,459   

United Kingdom

     —          178,627,990        —           178,627,990   

United States

     350,526        —          —           350,526   

Total Common Stocks

     3,690,141        931,021,948        692,037         935,404,126   

Total Mutual Fund*

     26,736,840        —          —           26,736,840   

Total Preferred Stocks*

     —          4,578,009        —           4,578,009   
Short-Term Investments          

Discount Notes

     —          12,710,039        —           12,710,039   

Mutual Fund

     58,612,643        —          —           58,612,643   

U.S. Treasury

     —          4,123,314        —           4,123,314   

Total Short-Term Investments

     58,612,643        16,833,353        —           75,445,996   

Total Investments

   $ 89,039,624      $ 952,433,310      $ 692,037       $ 1,042,164,971   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (58,612,643   $ —         $ (58,612,643
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (23,657   $ —        $ —         $ (23,657

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $978,287 were due to the application of a systematic fair valuation model factor. Transfers from Level 2 to Level 1 in the amount of $1,625,255 were due to the discontinuation 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,
2015
     Change in
Unrealized
Appreciation/
(Depreciation)
    Transfer
Into
Level 3
     Balance as of
March 31,
2016
     Change in Unrealized
Appreciation/
(Depreciation) from
Investments Still Held at
March 31, 2016
 
Common Stock              

Australia

   $ —         $ 18,209      $ 296,102       $ 314,311       $ 18,209   

Japan

     —           (129,887     507,613         377,726         (129,887

Portugal

     0         0        —           0         0   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 0       $ (111,678   $ 803,715       $ 692,037       $ (111,678
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Common Stock in the amount of $803,715 were transferred into Level 3 due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs.

 

MSF-193


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—97.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.4%

   

Astronics Corp. (a)

    128,172      $ 4,889,762   
   

 

 

 

Air Freight & Logistics—0.7%

   

Forward Air Corp.

    193,726        8,779,662   
   

 

 

 

Airlines—0.5%

   

Allegiant Travel Co.

    32,100        5,715,726   
   

 

 

 

Auto Components—1.1%

   

Drew Industries, Inc.

    139,100        8,966,386   

Gentex Corp.

    310,550        4,872,529   
   

 

 

 
      13,838,915   
   

 

 

 

Banks—8.3%

   

Bank of Hawaii Corp.

    254,150        17,353,362   

Bank of the Ozarks, Inc.

    289,576        12,153,505   

BankUnited, Inc.

    246,350        8,484,294   

BOK Financial Corp.

    141,432        7,725,016   

Community Bank System, Inc.

    161,637        6,176,150   

Cullen/Frost Bankers, Inc.

    193,098        10,641,631   

CVB Financial Corp.

    576,600        10,061,670   

First Financial Bankshares, Inc.

    370,160        10,949,333   

FNB Corp.

    617,098        8,028,445   

LegacyTexas Financial Group, Inc.

    184,950        3,634,267   

PacWest Bancorp

    148,678        5,523,387   

Westamerica Bancorp

    24,400        1,188,524   
   

 

 

 
      101,919,584   
   

 

 

 

Beverages—0.5%

   

Boston Beer Co., Inc. (The) - Class A (a)

    33,272        6,157,649   
   

 

 

 

Building Products—1.7%

   

A.O. Smith Corp.

    135,950        10,374,344   

AAON, Inc.

    261,722        7,328,216   

Advanced Drainage Systems, Inc.

    121,800        2,594,340   
   

 

 

 
      20,296,900   
   

 

 

 

Capital Markets—0.3%

   

Artisan Partners Asset Management, Inc. - Class A

    103,900        3,204,276   

OM Asset Management plc

    48,100        642,135   
   

 

 

 
      3,846,411   
   

 

 

 

Chemicals—3.9%

   

Balchem Corp.

    193,913        12,026,484   

NewMarket Corp.

    9,467        3,751,393   

Quaker Chemical Corp.

    30,350        2,575,501   

RPM International, Inc.

    127,750        6,046,408   

Sensient Technologies Corp.

    368,150        23,362,799   
   

 

 

 
      47,762,585   
   

 

 

 

Commercial Services & Supplies—4.4%

  

Essendant, Inc.

    20,524        655,331   

G&K Services, Inc. - Class A

    97,400        7,134,550   

Healthcare Services Group, Inc.

    410,114        15,096,297   

Commercial Services & Supplies—(Continued)

  

Ritchie Bros. Auctioneers, Inc.

    157,100      4,254,268   

Rollins, Inc.

    700,465        18,996,611   

Team, Inc. (a)

    73,053        2,219,350   

UniFirst Corp.

    43,250        4,719,440   
   

 

 

 
      53,075,847   
   

 

 

 

Communications Equipment—0.7%

   

NetScout Systems, Inc. (a)

    374,650        8,605,711   
   

 

 

 

Construction & Engineering—0.9%

   

Valmont Industries, Inc.

    86,700        10,736,928   
   

 

 

 

Construction Materials—0.5%

   

Eagle Materials, Inc.

    88,500        6,204,735   
   

 

 

 

Containers & Packaging—2.7%

   

AptarGroup, Inc.

    323,304        25,350,267   

Silgan Holdings, Inc.

    133,650        7,106,170   
   

 

 

 
      32,456,437   
   

 

 

 

Distributors—1.9%

   

Pool Corp.

    266,910        23,418,683   
   

 

 

 

Diversified Financial Services—1.9%

   

FactSet Research Systems, Inc.

    69,400        10,516,182   

MarketAxess Holdings, Inc.

    104,750        13,075,942   
   

 

 

 
      23,592,124   
   

 

 

 

Electrical Equipment—0.5%

   

Franklin Electric Co., Inc.

    145,550        4,682,344   

Thermon Group Holdings, Inc. (a)

    87,350        1,533,866   
   

 

 

 
      6,216,210   
   

 

 

 

Electronic Equipment, Instruments & Components—6.2%

  

Badger Meter, Inc.

    68,738        4,571,764   

Cognex Corp.

    194,800        7,587,460   

FEI Co.

    229,404        20,419,250   

Littelfuse, Inc.

    119,550        14,717,800   

MTS Systems Corp.

    53,174        3,235,638   

Rogers Corp. (a)

    156,550        9,372,649   

Zebra Technologies Corp. - Class A (a)

    226,832        15,651,408   
   

 

 

 
      75,555,969   
   

 

 

 

Energy Equipment & Services—1.3%

   

Dril-Quip, Inc. (a)

    36,000        2,180,160   

Natural Gas Services Group, Inc. (a)

    199,785        4,321,350   

Oceaneering International, Inc.

    121,050        4,023,702   

Pason Systems, Inc.

    448,400        5,690,196   
   

 

 

 
      16,215,408   
   

 

 

 

Food & Staples Retailing—0.2%

   

North West Co., Inc. (The)

    117,600        2,618,666   
   

 

 

 

Food Products—3.3%

   

B&G Foods, Inc.

    124,250        4,325,142   

 

MSF-194


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Food Products—(Continued)

   

Blue Buffalo Pet Products, Inc. (a)

    182,300      $ 4,677,818   

Cal-Maine Foods, Inc.

    59,800        3,104,218   

Calavo Growers, Inc.

    78,000        4,450,680   

Flowers Foods, Inc.

    273,150        5,042,349   

J&J Snack Foods Corp.

    91,609        9,919,423   

Lancaster Colony Corp.

    81,800        9,044,626   
   

 

 

 
      40,564,256   
   

 

 

 

Health Care Equipment & Supplies—7.8%

  

Abaxis, Inc.

    154,654        7,019,745   

Atrion Corp.

    400        158,144   

Cantel Medical Corp.

    69,807        4,981,428   

DENTSPLY SIRONA, Inc.

    308,950        19,040,589   

Haemonetics Corp. (a)

    206,796        7,233,724   

IDEXX Laboratories, Inc. (a)

    209,300        16,392,376   

LivaNova plc (a)

    71,674        3,868,963   

Meridian Bioscience, Inc.

    71,381        1,471,162   

Natus Medical, Inc. (a)

    120,724        4,639,423   

Neogen Corp. (a)

    48,400        2,436,940   

West Pharmaceutical Services, Inc.

    407,716        28,262,873   
   

 

 

 
      95,505,367   
   

 

 

 

Health Care Providers & Services—4.1%

  

Amsurg Corp. (a)

    147,592        11,010,363   

Chemed Corp.

    87,300        11,824,785   

Henry Schein, Inc. (a)

    117,550        20,292,657   

Surgical Care Affiliates, Inc. (a)

    83,707        3,873,960   

U.S. Physical Therapy, Inc.

    70,300        3,496,019   
   

 

 

 
      50,497,784   
   

 

 

 

Hotels, Restaurants & Leisure—3.7%

   

Brinker International, Inc.

    236,150        10,851,092   

Cheesecake Factory, Inc. (The)

    131,800        6,997,262   

Cracker Barrel Old Country Store, Inc.

    69,050        10,541,864   

Papa John’s International, Inc.

    115,600        6,264,364   

Texas Roadhouse, Inc.

    239,850        10,452,663   
   

 

 

 
      45,107,245   
   

 

 

 

Household Products—2.4%

   

Church & Dwight Co., Inc.

    314,400        28,981,392   
   

 

 

 

Industrial Conglomerates—0.2%

   

Raven Industries, Inc.

    179,679        2,878,458   
   

 

 

 

Insurance—1.6%

   

AMERISAFE, Inc.

    41,000        2,154,140   

RLI Corp.

    230,890        15,437,305   

Safety Insurance Group, Inc.

    35,700        2,037,042   
   

 

 

 
      19,628,487   
   

 

 

 

Internet Software & Services—0.3%

   

j2 Global, Inc.

    49,600        3,054,368   
   

 

 

 

IT Services—1.2%

   

Jack Henry & Associates, Inc.

    175,950        14,880,091   
   

 

 

 

Leisure Products—0.9%

   

Polaris Industries, Inc.

    114,398      11,265,915   
   

 

 

 

Life Sciences Tools & Services—3.6%

   

Bio-Techne Corp.

    130,000        12,287,600   

ICON plc (a)

    320,587        24,076,084   

PAREXEL International Corp. (a)

    122,050        7,656,196   
   

 

 

 
      44,019,880   
   

 

 

 

Machinery—8.3%

   

CLARCOR, Inc.

    208,002        12,020,436   

Donaldson Co., Inc.

    155,150        4,950,837   

Graco, Inc.

    79,050        6,637,038   

Middleby Corp. (The) (a)

    126,700        13,527,759   

Milacron Holdings Corp. (a)

    120,200        1,982,098   

Nordson Corp.

    150,562        11,448,734   

RBC Bearings, Inc. (a)

    149,550        10,956,033   

Tennant Co.

    119,578        6,155,875   

Toro Co. (The)

    171,300        14,752,356   

Wabtec Corp.

    245,950        19,501,375   
   

 

 

 
      101,932,541   
   

 

 

 

Media—1.6%

   

Gray Television, Inc. (a)

    413,000        4,840,360   

Media General, Inc. (a)

    186,111        3,035,470   

Nexstar Broadcasting Group, Inc. - Class A

    264,100        11,691,707   
   

 

 

 
      19,567,537   
   

 

 

 

Metals & Mining—0.8%

   

Compass Minerals International, Inc.

    134,500        9,530,670   
   

 

 

 

Oil, Gas & Consumable Fuels—0.9%

   

Diamondback Energy, Inc. (a)

    20,800        1,605,344   

Gulfport Energy Corp. (a)

    123,300        3,494,322   

Matador Resources Co. (a)

    89,200        1,691,232   

RSP Permian, Inc. (a)

    64,800        1,881,792   

Synergy Resources Corp. (a)

    325,450        2,528,747   
   

 

 

 
      11,201,437   
   

 

 

 

Paper & Forest Products—0.9%

   

Stella-Jones, Inc.

    301,650        10,800,173   
   

 

 

 

Pharmaceuticals—0.4%

   

Phibro Animal Health Corp. - Class A

    158,073        4,274,294   

Prestige Brands Holdings, Inc. (a)

    3,800        202,882   
   

 

 

 
      4,477,176   
   

 

 

 

Professional Services—1.1%

   

Exponent, Inc.

    270,156        13,780,658   
   

 

 

 

Road & Rail—0.2%

   

Genesee & Wyoming, Inc. - Class A (a)

    37,400        2,344,980   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.4%

  

MKS Instruments, Inc.

    98,500        3,708,525   

 

MSF-195


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Semiconductors & Semiconductor Equipment—(Continued)

  

Power Integrations, Inc.

    266,080      $ 13,213,533   
   

 

 

 
      16,922,058   
   

 

 

 

Software—8.6%

   

Aspen Technology, Inc. (a)

    186,200        6,727,406   

Computer Modelling Group, Ltd.

    279,200        2,206,183   

Constellation Software, Inc.

    43,320        17,737,935   

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

    255,600        4,986,756   

Fair Isaac Corp.

    146,350        15,526,271   

Manhattan Associates, Inc. (a)

    326,176        18,549,629   

Monotype Imaging Holdings, Inc.

    354,643        8,483,061   

NICE Systems, Ltd. (ADR)

    92,200        5,973,638   

Progress Software Corp. (a)

    178,100        4,295,772   

Qualys, Inc. (a)

    53,250        1,347,757   

Tyler Technologies, Inc. (a)

    150,800        19,394,388   
   

 

 

 
      105,228,796   
   

 

 

 

Specialty Retail—3.5%

   

Asbury Automotive Group, Inc. (a)

    75,100        4,493,984   

Hibbett Sports, Inc. (a)

    146,450        5,257,555   

Lithia Motors, Inc. - Class A

    73,650        6,431,854   

Monro Muffler Brake, Inc.

    75,550        5,399,559   

Sally Beauty Holdings, Inc. (a)

    229,250        7,423,115   

Tractor Supply Co.

    152,250        13,772,535   
   

 

 

 
      42,778,602   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.8%

  

Electronics For Imaging, Inc. (a)

    230,650        9,777,254   
   

 

 

 

Trading Companies & Distributors—1.5%

  

Applied Industrial Technologies, Inc.

    126,921        5,508,371   

Watsco, Inc.

    95,275        12,837,354   
   

 

 

 
      18,345,725   
   

 

 

 

Total Common Stocks
(Cost $848,320,775)

      1,194,974,762   
   

 

 

 
Short-Term Investment—1.6%   
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—1.6%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $20,272,130 on 04/01/16, collateralized by $20,300,000 U.S. Treasury Note at 1.500% due 05/31/20 with a value of $20,680,625.

    20,272,113      20,272,113   
   

 

 

 

Total Short-Term Investments
(Cost $20,272,113)

      20,272,113   
   

 

 

 

Total Investments—99.3%
(Cost $868,592,888) (b)

      1,215,246,875   

Other assets and liabilities (net)—0.7%

      7,980,163   
   

 

 

 
Net Assets—100.0%     $ 1,223,227,038   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) As of March 31, 2016, the aggregate cost of investments was $868,592,888. The aggregate unrealized appreciation and depreciation of investments were $380,822,392 and $(34,168,405), respectively, resulting in net unrealized appreciation of $346,653,987.
(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-196


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stocks*

   $ 1,194,974,762       $ —         $ —         $ 1,194,974,762   

Total Short-Term Investment*

     —           20,272,113         —           20,272,113   

Total Investments

   $ 1,194,974,762       $ 20,272,113       $ —         $ 1,215,246,875   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-197


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—93.3% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.3%

  

AAR Corp.

    16,635      $ 387,097   

Aerojet Rocketdyne Holdings, Inc. (a) (b)

    29,383        481,294   

Aerovironment, Inc. (a) (b)

    8,967        253,945   

American Science & Engineering, Inc. (b)

    3,412        94,478   

Astronics Corp. (a)

    10,621        405,191   

Cubic Corp.

    9,993        399,320   

Curtiss-Wright Corp.

    21,215        1,605,339   

DigitalGlobe, Inc. (a) (b)

    33,672        582,526   

Engility Holdings, Inc. (a)

    8,737        163,906   

Esterline Technologies Corp. (a) (b)

    14,168        907,744   

HEICO Corp. (b)

    9,014        542,012   

HEICO Corp. - Class A

    19,195        913,682   

KEYW Holding Corp. (The) (a)

    17,571        116,671   

KLX, Inc. (a)

    24,509        787,719   

Kratos Defense & Security Solutions, Inc. (a)

    23,529        116,469   

Moog, Inc. - Class A (a)

    17,938        819,408   

National Presto Industries, Inc. (b)

    2,572        215,379   

TASER International, Inc. (a) (b)

    26,071        511,774   

Teledyne Technologies, Inc. (a)

    16,663        1,468,677   

Vectrus, Inc. (a)

    5,231        119,005   
   

 

 

 
      10,891,636   
   

 

 

 

Air Freight & Logistics—0.5%

  

Air Transport Services Group, Inc. (a)

    25,431        391,129   

Atlas Air Worldwide Holdings, Inc. (a)

    12,481        527,572   

Echo Global Logistics, Inc. (a) (b)

    14,649        397,867   

Forward Air Corp.

    14,772        669,467   

HUB Group, Inc. - Class A (a)

    17,356        707,951   

Park-Ohio Holdings Corp.

    4,748        203,309   

XPO Logistics, Inc. (a) (b)

    33,146        1,017,582   
   

 

 

 
      3,914,877   
   

 

 

 

Airlines—0.4%

  

Allegiant Travel Co.

    6,708        1,194,427   

Hawaiian Holdings, Inc. (a)

    23,955        1,130,436   

SkyWest, Inc.

    24,419        488,136   

Virgin America, Inc. (a) (b)

    11,940        460,406   
   

 

 

 
      3,273,405   
   

 

 

 

Auto Components—1.1%

  

American Axle & Manufacturing Holdings, Inc. (a) (b)

    34,595        532,417   

Cooper Tire & Rubber Co.

    27,246        1,008,647   

Cooper-Standard Holding, Inc. (a)

    6,881        494,331   

Dana Holding Corp.

    75,676        1,066,275   

Dorman Products, Inc. (a) (b)

    12,774        695,161   

Drew Industries, Inc.

    11,598        747,607   

Federal-Mogul Holdings Corp. (a)

    15,664        154,760   

Fox Factory Holding Corp. (a) (b)

    8,514        134,606   

Gentherm, Inc. (a)

    17,276        718,509   

Horizon Global Corp. (a)

    9,617        120,982   

Metaldyne Performance Group, Inc.

    6,210        104,390   

Modine Manufacturing Co. (a)

    23,187        255,289   

Motorcar Parts of America, Inc. (a) (b)

    8,000        303,840   

Standard Motor Products, Inc.

    9,638        333,957   

Auto Components—(Continued)

  

Stoneridge, Inc. (a)

    13,705      199,545   

Strattec Security Corp. (b)

    1,911        109,672   

Superior Industries International, Inc.

    12,615        278,539   

Tenneco, Inc. (a)

    27,494        1,416,216   

Tower International, Inc.

    10,455        284,376   
   

 

 

 
      8,959,119   
   

 

 

 

Automobiles—0.0%

  

Winnebago Industries, Inc. (b)

    12,257        275,170   
   

 

 

 

Banks—8.5%

  

1st Source Corp.

    7,645        243,417   

American National Bankshares, Inc. (b)

    4,311        109,198   

Ameris Bancorp (b)

    14,888        440,387   

Ames National Corp. (b)

    4,647        115,060   

Arrow Financial Corp. (b)

    5,820        154,637   

Banc of California, Inc. (b)

    21,176        370,580   

BancFirst Corp.

    3,589        204,681   

Banco Latinoamericano de Comercio Exterior S.A. - Class E (b)

    14,005        339,201   

Bancorp, Inc. (The) (a)

    17,041        97,475   

BancorpSouth, Inc.

    45,366        966,749   

Bank of Marin Bancorp (b)

    3,199        157,455   

Bank of the Ozarks, Inc. (b)

    38,157        1,601,449   

Banner Corp.

    9,928        417,373   

Bar Harbor Bankshares (b)

    2,884        95,807   

BBCN Bancorp, Inc.

    36,725        557,853   

Berkshire Hills Bancorp, Inc.

    14,754        396,735   

Blue Hills Bancorp, Inc.

    13,063        178,571   

BNC Bancorp (b)

    13,407        283,156   

Boston Private Financial Holdings, Inc. (b)

    40,232        460,656   

Bridge Bancorp, Inc. (b)

    8,870        270,269   

Brookline Bancorp, Inc.

    33,001        363,341   

Bryn Mawr Bank Corp.

    8,151        209,725   

Camden National Corp.

    3,953        166,026   

Capital Bank Financial Corp. - Class A

    11,497        354,682   

Cardinal Financial Corp.

    14,931        303,846   

Cathay General Bancorp

    37,025        1,048,918   

Centerstate Banks, Inc.

    21,605        321,698   

Central Pacific Financial Corp. (b)

    10,976        238,948   

Chemical Financial Corp.

    16,215        578,713   

Citizens & Northern Corp. (b)

    6,716        133,514   

City Holding Co. (b)

    8,256        394,472   

CNB Financial Corp. (b)

    6,782        119,295   

CoBiz Financial, Inc. (b)

    17,832        210,774   

Columbia Banking System, Inc.

    26,670        797,966   

Community Bank System, Inc. (b)

    20,126        769,014   

Community Trust Bancorp, Inc.

    8,162        288,282   

ConnectOne Bancorp, Inc.

    16,906        276,413   

CU Bancorp (a)

    8,163        172,811   

Customers Bancorp, Inc. (a)

    11,686        276,140   

CVB Financial Corp.

    50,002        872,535   

Eagle Bancorp, Inc. (a)

    14,094        676,512   

Enterprise Bancorp, Inc.

    3,892        102,126   

Enterprise Financial Services Corp.

    9,318        251,959   

Farmers Capital Bank Corp. (b)

    3,713        98,097   

 

MSF-198


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

  

FCB Financial Holdings, Inc. - Class A (a)

    13,180      $ 438,367   

Fidelity Southern Corp.

    7,991        128,176   

Financial Institutions, Inc.

    6,461        187,821   

First Bancorp (b)

    8,573        161,601   

First Bancorp, Inc. (b)

    5,308        103,559   

First BanCorp. (a)

    55,535        162,162   

First Busey Corp.

    12,259        251,064   

First Business Financial Services, Inc.

    4,182        95,893   

First Citizens BancShares, Inc. - Class A (b)

    3,585        900,086   

First Commonwealth Financial Corp.

    41,887        371,119   

First Community Bancshares, Inc.

    8,470        168,045   

First Connecticut Bancorp, Inc.

    7,629        121,759   

First Financial Bancorp

    28,214        512,931   

First Financial Bankshares, Inc. (b)

    30,167        892,340   

First Financial Corp. (b)

    6,038        206,560   

First Interstate BancSystem, Inc. - Class A (b)

    9,233        259,724   

First Merchants Corp.

    18,171        428,290   

First Midwest Bancorp, Inc.

    35,959        647,981   

First NBC Bank Holding Co. (a)

    7,557        155,599   

First of Long Island Corp. (The)

    5,032        143,412   

FirstMerit Corp.

    77,798        1,637,648   

Flushing Financial Corp.

    15,132        327,154   

FNB Corp. (b)

    95,278        1,239,567   

Fulton Financial Corp. (b)

    82,075        1,098,164   

German American Bancorp, Inc. (b)

    6,759        217,640   

Glacier Bancorp, Inc.

    34,955        888,556   

Great Southern Bancorp, Inc. (b)

    4,991        185,316   

Great Western Bancorp, Inc.

    19,405        529,174   

Guaranty Bancorp (b)

    8,675        134,116   

Hancock Holding Co. (b)

    36,160        830,234   

Hanmi Financial Corp.

    15,681        345,296   

Heartland Financial USA, Inc. (b)

    9,012        277,480   

Heritage Commerce Corp.

    10,489        104,995   

Heritage Financial Corp.

    17,398        305,683   

Heritage Oaks Bancorp

    11,367        88,549   

Hilltop Holdings, Inc. (a)

    38,481        726,521   

Home BancShares, Inc. (b)

    26,645        1,091,113   

HomeTrust Bancshares, Inc. (a)

    10,270        188,249   

Horizon Bancorp (b)

    5,200        128,544   

Iberiabank Corp.

    17,718        908,402   

Independent Bank Corp.

    11,863        172,607   

Independent Bank Corp./Rockland Trust

    13,627        626,297   

Independent Bank Group, Inc.

    4,624        126,698   

International Bancshares Corp.

    25,537        629,742   

Investors Bancorp, Inc. (b)

    155,790        1,813,396   

Lakeland Bancorp, Inc.

    17,320        175,798   

Lakeland Financial Corp.

    8,139        372,603   

LegacyTexas Financial Group, Inc.

    22,230        436,820   

MainSource Financial Group, Inc.

    10,246        216,088   

MB Financial, Inc.

    34,863        1,131,304   

Mercantile Bank Corp.

    8,647        193,866   

MidWestOne Financial Group, Inc. (b)

    3,645        100,055   

National Bank Holdings Corp. - Class A

    17,203        350,769   

National Bankshares, Inc. (b)

    3,487        119,674   

National Penn Bancshares, Inc. (b)

    65,334        695,154   

NBT Bancorp, Inc.

    20,117        542,153   

OFG Bancorp

    19,884        138,989   

Banks—(Continued)

  

Old National Bancorp (b)

    54,415      663,319   

Old Second Bancorp, Inc. (a)

    14,296        102,502   

Opus Bank

    5,056        171,904   

Pacific Continental Corp.

    10,841        174,865   

Pacific Premier Bancorp, Inc. (a)

    12,610        269,476   

Park National Corp.

    6,727        605,430   

Park Sterling Corp.

    23,392        156,025   

Peapack Gladstone Financial Corp. (b)

    6,672        112,757   

Penns Woods Bancorp, Inc. (b)

    2,408        92,804   

Peoples Bancorp, Inc. (b)

    10,141        198,155   

Peoples Financial Services Corp.

    3,673        136,636   

Pinnacle Financial Partners, Inc.

    16,556        812,237   

Preferred Bank

    5,630        170,308   

PrivateBancorp, Inc.

    38,670        1,492,662   

Prosperity Bancshares, Inc. (b)

    34,312        1,591,734   

QCR Holdings, Inc. (b)

    5,811        138,592   

Renasant Corp. (b)

    18,544        610,283   

Republic Bancorp, Inc. - Class A

    5,421        140,024   

S&T Bancorp, Inc.

    15,660        403,402   

Sandy Spring Bancorp, Inc. (b)

    13,447        374,230   

Seacoast Banking Corp. of Florida (a)

    10,342        163,300   

ServisFirst Bancshares, Inc. (b)

    10,517        466,955   

Sierra Bancorp

    5,841        106,014   

Simmons First National Corp. - Class A (b)

    13,943        628,411   

South State Corp.

    12,175        782,000   

Southside Bancshares, Inc.

    12,078        314,873   

Southwest Bancorp, Inc.

    9,007        135,555   

State Bank Financial Corp. (b)

    16,379        323,649   

Sterling Bancorp

    56,377        898,086   

Stock Yards Bancorp, Inc. (b)

    7,089        273,139   

Stonegate Bank

    5,132        153,755   

Suffolk Bancorp

    6,378        160,981   

Sun Bancorp, Inc. (a)

    4,652        96,343   

Talmer Bancorp, Inc. - Class A

    23,588        426,707   

Texas Capital Bancshares, Inc. (a)

    21,516        825,784   

Tompkins Financial Corp.

    7,424        475,136   

Towne Bank (b)

    21,573        413,986   

TriCo Bancshares

    11,155        282,445   

TriState Capital Holdings, Inc. (a) (b)

    11,422        143,917   

Triumph Bancorp, Inc. (a) (b)

    7,480        118,408   

Trustmark Corp. (b)

    33,957        782,030   

UMB Financial Corp. (b)

    19,551        1,009,418   

Umpqua Holdings Corp. (b)

    104,744        1,661,240   

Union Bankshares Corp.

    20,843        513,363   

United Bankshares, Inc. (b)

    32,641        1,197,925   

United Community Banks, Inc.

    24,926        460,383   

Univest Corp. of Pennsylvania

    9,559        186,496   

Valley National Bancorp (b)

    107,827        1,028,670   

Washington Trust Bancorp, Inc. (b)

    7,713        287,849   

Webster Financial Corp.

    43,929        1,577,051   

WesBanco, Inc.

    17,978        534,126   

West Bancorp, Inc. (b)

    8,036        146,496   

Westamerica Bancorp (b)

    12,513        609,508   

Western Alliance Bancorp (a)

    41,785        1,394,783   

Wilshire Bancorp, Inc.

    33,080        340,724   

Wintrust Financial Corp.

    22,057        978,007   

 

MSF-199


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

  

Yadkin Financial Corp. (b)

    20,675      $ 489,377   
   

 

 

 
      70,721,654   
   

 

 

 

Beverages—0.2%

  

Boston Beer Co., Inc. (The) - Class A (a)

    4,334        802,093   

Coca-Cola Bottling Co. Consolidated (b)

    2,376        379,590   

MGP Ingredients, Inc. (b)

    5,440        131,866   

National Beverage Corp. (a) (b)

    5,742        243,001   
   

 

 

 
      1,556,550   
   

 

 

 

Biotechnology—4.0%

  

ACADIA Pharmaceuticals, Inc. (a) (b)

    40,355        1,128,326   

Acceleron Pharma, Inc. (a) (b)

    12,074        318,633   

Achillion Pharmaceuticals, Inc. (a) (b)

    56,103        433,115   

Acorda Therapeutics, Inc. (a) (b)

    20,455        541,035   

Advaxis, Inc. (a) (b)

    14,489        130,836   

Agenus, Inc. (a) (b)

    60,510        251,722   

Akebia Therapeutics, Inc. (a)

    22,828        205,680   

Alder Biopharmaceuticals, Inc. (a) (b)

    11,006        269,537   

AMAG Pharmaceuticals, Inc. (a) (b)

    16,034        375,196   

Amicus Therapeutics, Inc. (a) (b)

    54,026        456,520   

Anacor Pharmaceuticals, Inc. (a) (b)

    20,017        1,069,909   

Arena Pharmaceuticals, Inc. (a) (b)

    114,310        225,191   

ARIAD Pharmaceuticals, Inc. (a)

    81,659        521,801   

Array BioPharma, Inc. (a) (b)

    64,536        190,381   

Arrowhead Pharmaceuticals, Inc. (a)

    25,887        124,775   

Atara Biotherapeutics, Inc. (a) (b)

    7,967        151,612   

BioCryst Pharmaceuticals, Inc. (a)

    42,881        121,353   

Celldex Therapeutics, Inc. (a) (b)

    47,742        180,465   

Cellular Biomedicine Group, Inc. (a)

    5,838        108,879   

Cepheid, Inc. (a) (b)

    33,953        1,132,672   

Chimerix, Inc. (a) (b)

    21,221        108,439   

Clovis Oncology, Inc. (a) (b)

    12,939        248,429   

Coherus Biosciences, Inc. (a) (b)

    11,228        238,370   

Concert Pharmaceuticals, Inc. (a) (b)

    7,706        105,264   

Cytokinetics, Inc. (a) (b)

    18,716        131,948   

Dyax Corp. (b) (c)

    69,204        76,816   

Dynavax Technologies Corp. (a) (b)

    17,634        339,278   

Eagle Pharmaceuticals, Inc. (a) (b)

    4,073        164,956   

Editas Medicine, Inc. (a)

    5,014        173,184   

Emergent Biosolutions, Inc. (a)

    15,717        571,313   

Enanta Pharmaceuticals, Inc. (a) (b)

    7,598        223,153   

Epizyme, Inc. (a) (b)

    20,920        253,550   

Esperion Therapeutics, Inc. (a) (b)

    6,166        104,267   

Exact Sciences Corp. (a) (b)

    57,300        386,202   

Exelixis, Inc. (a) (b)

    105,658        422,632   

FibroGen, Inc. (a) (b)

    22,468        478,344   

Five Prime Therapeutics, Inc. (a) (b)

    12,789        519,617   

Foundation Medicine, Inc. (a) (b)

    7,156        130,096   

Galena Biopharma, Inc. (a)

    102,975        140,046   

Genomic Health, Inc. (a) (b)

    8,810        218,224   

Geron Corp. (a) (b)

    75,588        220,717   

Halozyme Therapeutics, Inc. (a) (b)

    51,119        484,097   

Heron Therapeutics, Inc. (a) (b)

    13,819        262,423   

ImmunoGen, Inc. (a)

    48,008        409,028   

Immunomedics, Inc. (a) (b)

    49,803        124,507   

Biotechnology—(Continued)

  

Infinity Pharmaceuticals, Inc. (a) (b)

    24,496      129,094   

Inovio Pharmaceuticals, Inc. (a) (b)

    36,297        316,147   

Insmed, Inc. (a) (b)

    30,343        384,446   

Insys Therapeutics, Inc. (a) (b)

    11,118        177,777   

Ironwood Pharmaceuticals, Inc. (a) (b)

    58,760        642,834   

Karyopharm Therapeutics, Inc. (a)

    13,644        121,704   

Keryx Biopharmaceuticals, Inc. (a) (b)

    50,118        234,051   

Kite Pharma, Inc. (a)

    15,577        715,140   

La Jolla Pharmaceutical Co. (a) (b)

    10,265        214,641   

Lexicon Pharmaceuticals, Inc. (a) (b)

    23,843        284,924   

Ligand Pharmaceuticals, Inc. (a) (b)

    8,993        963,060   

Lion Biotechnologies, Inc. (a) (b)

    25,388        128,971   

Loxo Oncology, Inc. (a) (b)

    4,697        128,416   

MacroGenics, Inc. (a) (b)

    14,803        277,556   

MannKind Corp. (a) (b)

    111,868        180,107   

Merrimack Pharmaceuticals, Inc. (a) (b)

    64,388        538,928   

MiMedx Group, Inc. (a) (b)

    59,054        516,132   

Mirati Therapeutics, Inc. (a) (b)

    7,324        156,734   

Momenta Pharmaceuticals, Inc. (a) (b)

    32,218        297,694   

Myriad Genetics, Inc. (a) (b)

    33,438        1,251,584   

Neurocrine Biosciences, Inc. (a)

    40,184        1,589,277   

NewLink Genetics Corp. (a) (b)

    11,288        205,442   

Novavax, Inc. (a) (b)

    138,764        716,022   

Ophthotech Corp. (a) (b)

    11,108        469,535   

Organovo Holdings, Inc. (a) (b)

    45,372        98,457   

Otonomy, Inc. (a) (b)

    12,561        187,410   

OvaScience, Inc. (a)

    13,638        129,425   

PDL BioPharma, Inc.

    77,531        258,178   

Portola Pharmaceuticals, Inc. (a) (b)

    23,603        481,501   

Progenics Pharmaceuticals, Inc. (a) (b)

    32,263        140,667   

Prothena Corp. plc (a)

    16,317        671,608   

PTC Therapeutics, Inc. (a) (b)

    15,786        101,662   

Radius Health, Inc. (a) (b)

    15,372        483,296   

Raptor Pharmaceutical Corp. (a) (b)

    39,815        183,149   

Regulus Therapeutics, Inc. (a) (b)

    16,419        113,784   

Repligen Corp. (a)

    15,913        426,787   

Retrophin, Inc. (a) (b)

    16,403        224,065   

Rigel Pharmaceuticals, Inc. (a)

    44,752        93,084   

Sage Therapeutics, Inc. (a) (b)

    7,846        251,543   

Sangamo Biosciences, Inc. (a) (b)

    31,616        191,277   

Sarepta Therapeutics, Inc. (a) (b)

    21,304        415,854   

Seres Therapeutics, Inc. (a) (b)

    4,329        114,978   

Spark Therapeutics, Inc. (a)

    4,895        144,451   

Spectrum Pharmaceuticals, Inc. (a) (b)

    30,932        196,727   

Synergy Pharmaceuticals, Inc. (a)

    55,793        153,989   

TESARO, Inc. (a) (b)

    12,733        560,634   

TG Therapeutics, Inc. (a) (b)

    16,876        143,784   

Trevena, Inc. (a) (b)

    15,812        130,765   

Ultragenyx Pharmaceutical, Inc. (a) (b)

    19,019        1,204,093   

Vanda Pharmaceuticals, Inc. (a)

    20,273        169,482   

Vital Therapies, Inc. (a) (b)

    11,269        102,210   

Xencor, Inc. (a) (b)

    13,567        182,069   

ZIOPHARM Oncology, Inc. (a) (b)

    53,630        397,935   
   

 

 

 
      33,065,618   
   

 

 

 

 

MSF-200


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Building Products—1.0%

  

AAON, Inc.

    19,095      $ 534,660   

Advanced Drainage Systems, Inc. (b)

    15,729        335,028   

American Woodmark Corp. (a) (b)

    6,699        499,678   

Apogee Enterprises, Inc.

    13,684        600,591   

Builders FirstSource, Inc. (a) (b)

    21,876        246,542   

Continental Building Products, Inc. (a)

    14,810        274,874   

Gibraltar Industries, Inc. (a)

    14,856        424,882   

Griffon Corp. (b)

    14,438        223,067   

Insteel Industries, Inc.

    9,958        304,416   

Masonite International Corp. (a) (b)

    14,468        947,654   

NCI Building Systems, Inc. (a)

    13,110        186,162   

Nortek, Inc. (a) (b)

    4,481        216,387   

Patrick Industries, Inc. (a)

    5,568        252,731   

PGT, Inc. (a)

    22,494        221,341   

Ply Gem Holdings, Inc. (a)

    11,295        158,695   

Quanex Building Products Corp.

    17,697        307,220   

Simpson Manufacturing Co., Inc.

    19,498        744,239   

Trex Co., Inc. (a) (b)

    14,671        703,181   

Universal Forest Products, Inc.

    9,556        820,096   
   

 

 

 
      8,001,444   
   

 

 

 

Capital Markets—1.1%

  

Arlington Asset Investment Corp. - Class A (b)

    10,056        126,002   

BGC Partners, Inc. - Class A (b)

    85,161        770,707   

Cohen & Steers, Inc.

    9,693        377,252   

Cowen Group, Inc. - Class A (a) (b)

    52,786        201,115   

Diamond Hill Investment Group, Inc. (b)

    1,546        274,199   

Evercore Partners, Inc. - Class A

    16,148        835,659   

Financial Engines, Inc. (b)

    24,757        778,112   

GAMCO Investors, Inc. - Class A

    3,184        117,999   

Greenhill & Co., Inc.

    13,790        306,138   

HFF, Inc. - Class A

    17,641        485,657   

Houlihan Lokey, Inc.

    5,655        140,809   

International FCStone, Inc. (a) (b)

    7,668        204,966   

Investment Technology Group, Inc.

    17,949        396,673   

Janus Capital Group, Inc. (b)

    73,553        1,076,080   

KCG Holdings, Inc. - Class A (a)

    16,434        196,386   

Ladenburg Thalmann Financial Services, Inc. (a) (b)

    51,479        128,697   

Moelis & Co. - Class A (b)

    8,425        237,838   

OM Asset Management plc

    10,011        133,647   

Piper Jaffray Cos. (a)

    7,063        350,042   

Safeguard Scientifics, Inc. (a) (b)

    10,084        133,613   

Stifel Financial Corp. (a)

    31,775        940,540   

Virtu Financial, Inc. - Class A

    8,915        197,111   

Virtus Investment Partners, Inc. (b)

    3,430        267,917   

Westwood Holdings Group, Inc.

    3,352        196,595   

WisdomTree Investments, Inc. (b)

    53,688        613,654   
   

 

 

 
      9,487,408   
   

 

 

 

Chemicals—1.7%

  

A. Schulman, Inc.

    15,885        432,390   

American Vanguard Corp. (a) (b)

    14,887        234,917   

Axiall Corp.

    33,438        730,286   

Balchem Corp. (b)

    14,418        894,204   

Calgon Carbon Corp.

    26,333        369,189   

Chase Corp. (b)

    3,533        185,800   

Chemicals—(Continued)

  

Chemtura Corp. (a)

    31,150      822,360   

Ferro Corp. (a)

    34,923        414,536   

Flotek Industries, Inc. (a) (b)

    37,692        276,282   

FutureFuel Corp.

    10,195        120,199   

Hawkins, Inc. (b)

    4,778        172,438   

HB Fuller Co.

    23,919        1,015,362   

Innophos Holdings, Inc.

    9,884        305,514   

Innospec, Inc.

    11,303        490,098   

KMG Chemicals, Inc.

    5,294        122,133   

Koppers Holdings, Inc. (a)

    10,265        230,655   

Kraton Performance Polymers, Inc. (a)

    16,524        285,865   

LSB Industries, Inc. (a)

    9,923        126,518   

Minerals Technologies, Inc.

    16,456        935,524   

Olin Corp.

    77,717        1,349,944   

OMNOVA Solutions, Inc. (a)

    22,821        126,885   

PolyOne Corp.

    42,027        1,271,317   

Quaker Chemical Corp.

    6,591        559,312   

Rayonier Advanced Materials, Inc. (b)

    19,176        182,172   

Sensient Technologies Corp.

    22,015        1,397,072   

Stepan Co.

    9,222        509,884   

Trecora Resources (a)

    10,819        104,079   

Tredegar Corp.

    13,367        210,129   

Trinseo S.A. (a)

    6,267        230,688   

Tronox, Ltd. - Class A (b)

    30,359        193,994   
   

 

 

 
      14,299,746   
   

 

 

 

Commercial Services & Supplies—2.2%

  

ABM Industries, Inc.

    28,156        909,720   

ACCO Brands Corp. (a)

    52,031        467,238   

Brady Corp. - Class A

    22,732        610,127   

Brink’s Co. (The)

    24,828        833,972   

Casella Waste Systems, Inc. - Class A (a)

    20,153        135,025   

Ceco Environmental Corp. (b)

    10,889        67,621   

Deluxe Corp. (b)

    23,575        1,473,202   

Ennis, Inc.

    14,123        276,105   

Essendant, Inc.

    18,301        584,351   

G&K Services, Inc. - Class A

    9,849        721,439   

Healthcare Services Group, Inc. (b)

    33,776        1,243,295   

Herman Miller, Inc.

    28,305        874,341   

HNI Corp.

    22,606        885,477   

InnerWorkings, Inc. (a)

    18,741        148,991   

Interface, Inc.

    31,333        580,914   

Kimball International, Inc. - Class B

    16,738        189,976   

Knoll, Inc.

    23,781        514,859   

Matthews International Corp. - Class A

    15,251        784,969   

McGrath RentCorp

    13,375        335,445   

Mobile Mini, Inc. (b)

    23,301        769,399   

MSA Safety, Inc.

    14,087        681,106   

Multi-Color Corp.

    6,168        329,063   

Quad/Graphics, Inc.

    13,076        169,203   

SP Plus Corp. (a)

    8,683        208,913   

Steelcase, Inc. - Class A

    38,729        577,837   

Team, Inc. (a)

    14,183        430,879   

Tetra Tech, Inc. (d)

    27,830        829,891   

U.S. Ecology, Inc. (b)

    10,067        444,559   

UniFirst Corp.

    7,187        784,245   

 

MSF-201


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Commercial Services & Supplies—(Continued)

  

Viad Corp.

    11,468      $ 334,407   

VSE Corp.

    2,095        142,230   

West Corp.

    24,184        551,879   
   

 

 

 
      17,890,678   
   

 

 

 

Communications Equipment—1.5%

  

ADTRAN, Inc.

    24,190        489,122   

Alliance Fiber Optic Products, Inc. (a) (b)

    6,973        103,131   

Applied Optoelectronics, Inc. (a) (b)

    8,235        122,784   

Black Box Corp.

    8,122        109,403   

CalAmp Corp. (a)

    19,380        347,483   

Calix, Inc. (a) (b)

    19,494        138,212   

Ciena Corp. (a) (b)

    60,929        1,158,870   

Clearfield, Inc. (a)

    6,024        96,806   

Comtech Telecommunications Corp.

    8,068        188,549   

Digi International, Inc. (a)

    12,500        117,875   

Extreme Networks, Inc. (a)

    50,414        156,787   

Finisar Corp. (a) (b)

    50,382        918,968   

Harmonic, Inc. (a) (b)

    42,437        138,769   

Infinera Corp. (a) (b)

    66,643        1,070,287   

InterDigital, Inc. (b)

    17,110        952,171   

Ixia (a)

    28,748        358,200   

NETGEAR, Inc. (a) (b)

    16,562        668,608   

NetScout Systems, Inc. (a)

    46,389        1,065,555   

Oclaro, Inc. (a) (b)

    49,350        266,490   

Plantronics, Inc.

    17,624        690,685   

Polycom, Inc. (a)

    66,034        736,279   

Ruckus Wireless, Inc. (a) (b)

    39,097        383,542   

ShoreTel, Inc. (a)

    28,961        215,470   

Sonus Networks, Inc. (a)

    24,015        180,833   

Ubiquiti Networks, Inc. (a) (b)

    14,660        487,738   

ViaSat, Inc. (a) (b)

    21,021        1,544,623   
   

 

 

 
      12,707,240   
   

 

 

 

Construction & Engineering—0.8%

  

Aegion Corp. (a)

    17,495        368,970   

Argan, Inc.

    6,140        215,882   

Comfort Systems USA, Inc.

    17,796        565,379   

Dycom Industries, Inc. (a) (b)

    16,093        1,040,734   

EMCOR Group, Inc.

    29,573        1,437,248   

Granite Construction, Inc.

    19,068        911,450   

Great Lakes Dredge & Dock Corp. (a) (b)

    30,133        134,393   

MasTec, Inc. (a)

    32,059        648,874   

MYR Group, Inc. (a) (b)

    10,017        251,527   

Primoris Services Corp. (b)

    17,845        433,634   

Tutor Perini Corp. (a)

    19,192        298,244   
   

 

 

 
      6,306,335   
   

 

 

 

Construction Materials—0.2%

  

Headwaters, Inc. (a)

    34,173        677,992   

Summit Materials, Inc. - Class A (a) (b)

    18,158        353,173   

U.S. Concrete, Inc. (a) (b)

    7,217        429,989   
   

 

 

 
      1,461,154   
   

 

 

 

Consumer Finance—0.4%

  

Cash America International, Inc.

    12,729      491,849   

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

    12,804        329,575   

First Cash Financial Services, Inc. (b)

    13,486        621,165   

Green Dot Corp. - Class A (a) (b)

    21,594        496,014   

Nelnet, Inc. - Class A

    11,398        448,739   

PRA Group, Inc. (a) (b)

    22,334        656,396   

Regional Management Corp. (a)

    5,469        93,575   

World Acceptance Corp. (a) (b)

    3,560        134,995   
   

 

 

 
      3,272,308   
   

 

 

 

Containers & Packaging—0.4%

  

AEP Industries, Inc. (b)

    1,974        130,284   

Berry Plastics Group, Inc. (a)

    57,659        2,084,373   

Greif, Inc. - Class A (b)

    14,378        470,879   

Multi Packaging Solutions International, Ltd. (a) (b)

    9,350        151,751   

Myers Industries, Inc.

    13,337        171,514   
   

 

 

 
      3,008,801   
   

 

 

 

Distributors—0.3%

  

Core-Mark Holding Co., Inc.

    11,438        932,883   

Pool Corp. (b)

    20,740        1,819,728   
   

 

 

 
      2,752,611   
   

 

 

 

Diversified Consumer Services—0.9%

  

2U, Inc. (a) (b)

    14,475        327,135   

American Public Education, Inc. (a)

    8,921        184,040   

Apollo Education Group, Inc. (a)

    44,173        362,881   

Ascent Capital Group, Inc. - Class A (a) (b)

    7,050        104,411   

Bright Horizons Family Solutions, Inc. (a)

    17,415        1,128,144   

Capella Education Co. (b)

    5,633        296,521   

Career Education Corp. (a)

    35,115        159,422   

Carriage Services, Inc. (b)

    9,414        203,437   

Chegg, Inc. (a) (b)

    36,609        163,276   

DeVry Education Group, Inc. (b)

    29,702        512,954   

Grand Canyon Education, Inc. (a)

    22,843        976,310   

Houghton Mifflin Harcourt Co. (a) (b)

    59,125        1,178,952   

K12, Inc. (a)

    17,337        171,463   

LifeLock, Inc. (a)

    44,145        532,830   

Regis Corp. (a) (b)

    18,180        276,154   

Sotheby’s (b)

    26,392        705,458   

Strayer Education, Inc. (a) (b)

    5,524        269,295   

Weight Watchers International, Inc. (a) (b)

    13,493        196,053   
   

 

 

 
      7,748,736   
   

 

 

 

Diversified Financial Services—0.4%

  

FNFV Group (a) (b)

    37,452        406,354   

Gain Capital Holdings, Inc.

    12,111        79,448   

MarketAxess Holdings, Inc. (b)

    17,499        2,184,400   

NewStar Financial, Inc. (a)

    12,166        106,453   

PICO Holdings, Inc. (a)

    12,147        124,264   
   

 

 

 
      2,900,919   
   

 

 

 

Diversified Telecommunication Services—0.7%

  

8x8, Inc. (a) (b)

    41,065        413,114   

 

MSF-202


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Telecommunication Services—(Continued)

  

Atlantic Tele-Network, Inc.

    4,754      $ 360,496   

Cincinnati Bell, Inc. (a)

    97,588        377,665   

Cogent Communications Holdings, Inc. (b)

    22,011        859,089   

Consolidated Communications Holdings, Inc. (b)

    24,229        624,139   

FairPoint Communications, Inc. (a) (b)

    11,602        172,638   

General Communication, Inc. - Class A (a) (b)

    16,537        302,958   

Globalstar, Inc. (a) (b)

    221,510        325,620   

Hawaiian Telcom Holdco, Inc. (a) (b)

    6,401        150,743   

IDT Corp. - Class B

    8,438        131,548   

Inteliquent, Inc.

    16,025        257,201   

Iridium Communications, Inc. (a) (b)

    38,356        301,862   

Lumos Networks Corp. (a) (b)

    15,102        193,910   

ORBCOMM, Inc. (a) (b)

    27,147        274,999   

pdvWireless, Inc. (a)

    6,964        239,144   

Straight Path Communications, Inc. - Class B (a) (b)

    4,588        142,366   

Vonage Holdings Corp. (a)

    86,416        394,921   

Windstream Holdings, Inc. (b)

    47,088        361,636   
   

 

 

 
      5,884,049   
   

 

 

 

Electric Utilities—1.3%

  

ALLETE, Inc.

    23,439        1,314,225   

Cleco Corp. (b)

    28,398        1,567,854   

El Paso Electric Co.

    18,779        861,580   

Empire District Electric Co. (The)

    20,148        665,891   

IDACORP, Inc. (b)

    23,630        1,762,562   

MGE Energy, Inc. (b)

    16,879        881,928   

Otter Tail Corp. (b)

    18,873        559,018   

PNM Resources, Inc.

    39,289        1,324,825   

Portland General Electric Co.

    42,121        1,663,358   
   

 

 

 
      10,601,241   
   

 

 

 

Electrical Equipment—0.7%

  

AZZ, Inc.

    12,522        708,745   

Encore Wire Corp.

    10,537        410,206   

EnerSys

    21,009        1,170,622   

Franklin Electric Co., Inc.

    23,378        752,070   

Generac Holdings, Inc. (a) (b)

    32,764        1,220,131   

General Cable Corp. (b)

    24,951        304,652   

LSI Industries, Inc.

    10,801        126,912   

Plug Power, Inc. (a) (b)

    84,766        173,770   

Powell Industries, Inc.

    4,404        131,283   

PowerSecure International, Inc. (a) (b)

    11,742        219,458   

Thermon Group Holdings, Inc. (a)

    15,847        278,273   
   

 

 

 
      5,496,122   
   

 

 

 

Electronic Equipment, Instruments & Components—2.9%

  

Anixter International, Inc. (a)

    13,642        710,885   

AVX Corp. (b)

    21,871        274,918   

Badger Meter, Inc. (b)

    6,820        453,598   

Belden, Inc. (b)

    21,174        1,299,660   

Benchmark Electronics, Inc. (a)

    24,418        562,835   

Checkpoint Systems, Inc. (a)

    21,005        212,571   

Coherent, Inc. (a)

    11,201        1,029,372   

CTS Corp.

    15,701        247,134   

Electronic Equipment, Instruments & Components—(Continued)

  

Daktronics, Inc. (b)

    18,513      146,253   

DTS, Inc. (a)

    9,298        202,510   

ePlus, Inc. (a)

    2,743        220,839   

Fabrinet (a)

    17,507        566,351   

FARO Technologies, Inc. (a) (b)

    8,551        275,428   

FEI Co. (b)

    19,799        1,762,309   

GSI Group, Inc. (a)

    18,739        265,344   

II-VI, Inc. (a)

    24,749        537,301   

Insight Enterprises, Inc. (a) (d)

    19,337        553,812   

InvenSense, Inc. (a) (b)

    34,992        293,933   

Itron, Inc. (a)

    18,332        764,811   

Kimball Electronics, Inc. (a)

    14,109        157,597   

Knowles Corp. (a) (b)

    39,623        522,231   

Littelfuse, Inc.

    10,673        1,313,953   

Mercury Systems, Inc. (a)

    15,581        316,294   

Mesa Laboratories, Inc. (b)

    1,474        142,020   

Methode Electronics, Inc.

    17,959        525,121   

MTS Systems Corp.

    7,482        455,280   

Multi-Fineline Electronix, Inc. (a)

    4,794        111,269   

Newport Corp. (a)

    20,202        464,646   

OSI Systems, Inc. (a)

    9,211        603,228   

Park Electrochemical Corp.

    10,569        169,210   

PC Connection, Inc.

    5,366        138,496   

Plexus Corp. (a) (d)

    17,500        691,600   

QLogic Corp. (a)

    44,263        594,895   

Rofin-Sinar Technologies, Inc. (a)

    13,337        429,718   

Rogers Corp. (a)

    8,965        536,735   

Sanmina Corp. (a)

    38,495        900,013   

ScanSource, Inc. (a)

    13,430        542,303   

SYNNEX Corp. (b)

    14,237        1,318,204   

Tech Data Corp. (a)

    18,133        1,392,070   

TTM Technologies, Inc. (a)

    26,923        179,038   

Universal Display Corp. (a) (b)

    19,252        1,041,533   

Vishay Intertechnology, Inc. (b)

    63,046        769,792   

Vishay Precision Group, Inc. (a)

    6,695        93,797   
   

 

 

 
      23,788,907   
   

 

 

 

Energy Equipment & Services—0.8%

  

Archrock, Inc.

    43,935        351,480   

Atwood Oceanics, Inc. (b)

    37,323        342,252   

Bristow Group, Inc. (b)

    17,044        322,473   

CARBO Ceramics, Inc. (b)

    13,695        194,469   

Era Group, Inc. (a)

    14,630        137,229   

Exterran Corp. (a)

    22,346        345,469   

Forum Energy Technologies, Inc. (a) (b)

    29,182        385,202   

Helix Energy Solutions Group, Inc. (a) (b)

    58,300        326,480   

Hornbeck Offshore Services, Inc. (a) (b)

    18,165        180,379   

Matrix Service Co. (a)

    14,196        251,269   

McDermott International, Inc. (a)

    116,414        476,133   

Natural Gas Services Group, Inc. (a)

    6,643        143,688   

Newpark Resources, Inc. (a) (b)

    44,365        191,657   

Oil States International, Inc. (a)

    27,118        854,759   

Parker Drilling Co. (a)

    88,191        186,965   

PHI, Inc. (a) (b)

    6,426        121,387   

SEACOR Holdings, Inc. (a) (b)

    8,648        470,884   

Tesco Corp.

    29,105        250,594   

 

MSF-203


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—(Continued)

  

TETRA Technologies, Inc. (a)

    53,544      $ 340,004   

Tidewater, Inc. (b)

    22,085        150,841   

U.S. Silica Holdings, Inc. (b)

    30,347        689,484   

Unit Corp. (a)

    31,340        276,105   
   

 

 

 
      6,989,203   
   

 

 

 

Food & Staples Retailing—0.9%

  

Andersons, Inc. (The)

    13,251        416,214   

Casey’s General Stores, Inc. (b)

    18,301        2,073,869   

Chefs’ Warehouse, Inc. (The) (a) (b)

    8,577        174,027   

Fresh Market, Inc. (The) (a) (b)

    21,412        610,884   

Ingles Markets, Inc. - Class A (b)

    6,173        231,488   

Natural Grocers by Vitamin Cottage, Inc. (a) (b)

    4,826        102,649   

Performance Food Group Co. (a) (b)

    8,387        195,837   

Pricesmart, Inc. (b)

    9,262        783,380   

Smart & Final Stores, Inc. (a) (b)

    12,072        195,566   

SpartanNash Co.

    16,917        512,754   

SUPERVALU, Inc. (a)

    122,481        705,491   

United Natural Foods, Inc. (a) (b)

    23,843        960,873   

Weis Markets, Inc. (b)

    6,205        279,597   
   

 

 

 
      7,242,629   
   

 

 

 

Food Products—1.8%

  

Amplify Snack Brands, Inc. (a)

    7,974        114,188   

B&G Foods, Inc. (b)

    29,999        1,044,265   

Cal-Maine Foods, Inc. (b)

    14,936        775,328   

Calavo Growers, Inc.

    7,353        419,562   

Darling Ingredients, Inc. (a)

    78,508        1,033,950   

Dean Foods Co. (b)

    44,397        768,956   

Farmer Bros Co. (a)

    3,967        110,560   

Fresh Del Monte Produce, Inc. (b)

    15,644        658,143   

J&J Snack Foods Corp.

    7,001        758,068   

John B Sanfilippo & Son, Inc.

    4,642        320,716   

Lancaster Colony Corp.

    9,036        999,111   

Landec Corp. (a)

    14,010        147,105   

Omega Protein Corp. (a)

    11,349        192,252   

Post Holdings, Inc. (a) (b)

    29,858        2,053,335   

Sanderson Farms, Inc.

    11,335        1,022,190   

Seaboard Corp. (a) (b)

    116        348,349   

Seneca Foods Corp. - Class A (a)

    4,612        160,221   

Snyder’s-Lance, Inc. (b)

    32,185        1,013,184   

Tootsie Roll Industries, Inc. (b)

    9,392        328,140   

TreeHouse Foods, Inc. (a)

    26,806        2,325,421   
   

 

 

 
      14,593,044   
   

 

 

 

Gas Utilities—1.4%

  

Chesapeake Utilities Corp.

    6,975        439,216   

Laclede Group, Inc. (The) (b)

    20,363        1,379,593   

New Jersey Resources Corp. (b)

    41,016        1,494,213   

Northwest Natural Gas Co. (b)

    13,257        713,889   

ONE Gas, Inc. (b)

    24,719        1,510,331   

Piedmont Natural Gas Co., Inc.

    36,939        2,210,060   

South Jersey Industries, Inc. (b)

    31,808        904,938   

Southwest Gas Corp.

    22,160        1,459,236   

WGL Holdings, Inc. (b)

    23,597        1,707,715   
   

 

 

 
      11,819,191   
   

 

 

 

Health Care Equipment & Supplies—3.7%

  

Abaxis, Inc. (b)

    11,146      505,917   

ABIOMED, Inc. (a) (b)

    19,803        1,877,522   

Accuray, Inc. (a) (b)

    37,218        215,120   

Analogic Corp.

    6,383        504,321   

AngioDynamics, Inc. (a)

    13,423        164,969   

Anika Therapeutics, Inc. (a) (b)

    7,087        316,931   

AtriCure, Inc. (a) (b)

    12,896        217,040   

Atrion Corp.

    822        324,986   

Cantel Medical Corp.

    16,951        1,209,623   

Cardiovascular Systems, Inc. (a)

    14,951        155,042   

Cerus Corp. (a) (b)

    58,685        348,002   

CONMED Corp.

    14,604        612,492   

CryoLife, Inc. (b)

    17,220        185,115   

Cynosure, Inc. - Class A (a)

    11,463        505,747   

Endologix, Inc. (a) (b)

    37,158        310,641   

Exactech, Inc. (a)

    5,785        117,204   

GenMark Diagnostics, Inc. (a) (b)

    19,362        102,038   

Globus Medical, Inc. - Class A (a) (b)

    32,393        769,334   

Greatbatch, Inc. (a)

    12,931        460,861   

Haemonetics Corp. (a) (b)

    26,476        926,130   

Halyard Health, Inc. (a) (b)

    21,675        622,723   

HeartWare International, Inc. (a) (b)

    8,570        269,269   

ICU Medical, Inc. (a)

    6,818        709,754   

Inogen, Inc. (a)

    7,470        336,001   

Insulet Corp. (a) (b)

    27,643        916,642   

Integra LifeSciences Holdings Corp. (a) (b)

    14,525        978,404   

Invacare Corp.

    15,930        209,798   

InVivo Therapeutics Holdings Corp. (a)

    18,522        129,283   

K2M Group Holdings, Inc. (a) (b)

    8,524        126,411   

LDR Holding Corp. (a) (b)

    15,261        389,003   

LeMaitre Vascular, Inc. (b)

    6,404        99,390   

LivaNova plc (a)

    20,981        1,132,554   

Masimo Corp. (a)

    21,582        902,991   

Meridian Bioscience, Inc. (b)

    22,552        464,797   

Merit Medical Systems, Inc. (a)

    21,638        400,087   

Natus Medical, Inc. (a)

    16,472        633,019   

Neogen Corp. (a)

    17,828        897,640   

Nevro Corp. (a)

    7,994        449,742   

NuVasive, Inc. (a)

    22,865        1,112,382   

NxStage Medical, Inc. (a) (b)

    30,508        457,315   

OraSure Technologies, Inc. (a) (b)

    29,491        213,220   

Orthofix International NV (a)

    9,598        398,509   

Oxford Immunotec Global plc (a) (b)

    8,922        88,417   

Penumbra, Inc. (a)

    4,070        187,220   

Quidel Corp. (a) (b)

    13,903        239,966   

Rockwell Medical, Inc. (a) (b)

    30,372        228,094   

RTI Surgical, Inc. (a)

    28,130        112,520   

Spectranetics Corp. (The) (a) (b)

    21,548        312,877   

STAAR Surgical Co. (a) (b)

    19,419        143,506   

STERIS plc (b)

    40,618        2,885,909   

SurModics, Inc. (a)

    9,244        170,182   

TransEnterix, Inc. (a)

    27,913        118,630   

Utah Medical Products, Inc. (b)

    2,002        125,205   

Vascular Solutions, Inc. (a)

    10,428        339,223   

West Pharmaceutical Services, Inc.

    35,108        2,433,686   

Wright Medical Group NV (a) (b)

    43,029        714,281   

 

MSF-204


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—(Continued)

  

Zeltiq Aesthetics, Inc. (a) (b)

    18,073      $ 490,863   
   

 

 

 
      30,268,548   
   

 

 

 

Health Care Providers & Services—2.6%

  

Aceto Corp. (b)

    15,842        373,238   

Adeptus Health, Inc. - Class A (a) (b)

    2,999        166,564   

Air Methods Corp. (a) (b)

    18,730        678,401   

Almost Family, Inc. (a) (b)

    4,667        173,799   

Amedisys, Inc. (a) (b)

    13,972        675,406   

AMN Healthcare Services, Inc. (a) (b)

    23,983        806,069   

Amsurg Corp. (a)

    25,389        1,894,019   

BioTelemetry, Inc. (a)

    15,006        175,270   

Capital Senior Living Corp. (a) (b)

    14,260        264,095   

Chemed Corp. (b)

    8,550        1,158,097   

Civitas Solutions, Inc. (a)

    6,456        112,528   

Corvel Corp. (a)

    5,325        209,911   

Cross Country Healthcare, Inc. (a)

    16,495        191,837   

Diplomat Pharmacy, Inc. (a) (b)

    17,028        466,567   

Ensign Group, Inc. (The)

    24,374        551,827   

ExamWorks Group, Inc. (a) (b)

    19,285        570,065   

HealthEquity, Inc. (a) (b)

    17,002        419,439   

HealthSouth Corp. (b)

    44,584        1,677,696   

Healthways, Inc. (a)

    16,239        163,852   

Kindred Healthcare, Inc. (b)

    45,834        566,050   

Landauer, Inc. (b)

    5,165        170,807   

LHC Group, Inc. (a) (b)

    6,847        243,479   

Magellan Health, Inc. (a)

    12,415        843,351   

Molina Healthcare, Inc. (a) (b)

    18,906        1,219,248   

National Healthcare Corp. (b)

    5,246        326,826   

Owens & Minor, Inc.

    31,238        1,262,640   

PharMerica Corp. (a)

    16,508        364,992   

Providence Service Corp. (The) (a)

    6,975        356,213   

Select Medical Holdings Corp. (a) (b)

    48,954        578,147   

Surgery Partners, Inc. (a)

    12,495        165,684   

Surgical Care Affiliates, Inc. (a)

    10,168        470,575   

Team Health Holdings, Inc. (a) (b)

    34,959        1,461,636   

Triple-S Management Corp. - Class B (a)

    12,074        300,160   

U.S. Physical Therapy, Inc. (b)

    6,011        298,927   

Universal American Corp. (b)

    33,119        236,470   

WellCare Health Plans, Inc. (a) (b)

    21,354        1,980,583   
   

 

 

 
      21,574,468   
   

 

 

 

Health Care Technology—0.4%

  

Computer Programs & Systems, Inc. (b)

    5,856        305,215   

HealthStream, Inc. (a)

    12,016        265,433   

HMS Holdings Corp. (a)

    44,959        645,162   

Medidata Solutions, Inc. (a) (b)

    26,132        1,011,570   

Omnicell, Inc. (a)

    19,160        533,989   

Press Ganey Holdings, Inc. (a) (b)

    6,250        188,000   

Quality Systems, Inc. (b)

    24,814        378,165   

Vocera Communications, Inc. (a)

    11,244        143,361   
   

 

 

 
      3,470,895   
   

 

 

 

Hotels, Restaurants & Leisure—3.3%

  

Belmond, Ltd. - Class A (a)

    45,218        429,119   

Biglari Holdings, Inc. (a)

    871        323,759   

Hotels, Restaurants & Leisure—(Continued)

  

BJ’s Restaurants, Inc. (a)

    10,878      452,198   

Bloomin’ Brands, Inc.

    57,635        972,302   

Bob Evans Farms, Inc.

    10,847        506,446   

Boyd Gaming Corp. (a) (b)

    40,615        839,106   

Buffalo Wild Wings, Inc. (a) (b)

    8,962        1,327,451   

Caesars Acquisition Co. - Class A (a)

    23,146        141,654   

Caesars Entertainment Corp. (a) (b)

    25,824        175,603   

Carrols Restaurant Group, Inc. (a)

    17,458        252,094   

Cheesecake Factory, Inc. (The) (b)

    22,672        1,203,656   

Churchill Downs, Inc.

    5,991        885,949   

Chuy’s Holdings, Inc. (a) (b)

    8,272        257,011   

ClubCorp Holdings, Inc.

    20,723        290,951   

Cracker Barrel Old Country Store, Inc. (b)

    9,084        1,386,854   

Dave & Buster’s Entertainment, Inc. (a) (b)

    10,814        419,367   

Del Frisco’s Restaurant Group, Inc. (a)

    12,052        199,822   

Denny’s Corp. (a)

    39,857        412,919   

Diamond Resorts International, Inc. (a) (b)

    19,545        474,944   

DineEquity, Inc.

    7,910        739,031   

El Pollo Loco Holdings, Inc. (a)

    7,337        97,876   

Eldorado Resorts, Inc. (a) (b)

    14,157        161,956   

Fiesta Restaurant Group, Inc. (a) (b)

    13,371        438,301   

Habit Restaurants, Inc. (The) - Class A (a) (b)

    5,649        105,241   

International Speedway Corp. - Class A

    12,935        477,431   

Interval Leisure Group, Inc. (b)

    19,771        285,493   

Isle of Capri Casinos, Inc. (a)

    12,013        168,182   

Jack in the Box, Inc. (b)

    16,395        1,047,149   

Krispy Kreme Doughnuts, Inc. (a)

    33,031        514,953   

La Quinta Holdings, Inc. (a) (b)

    43,635        545,438   

Marcus Corp. (The)

    9,550        180,973   

Marriott Vacations Worldwide Corp.

    12,016        811,080   

Monarch Casino & Resort, Inc. (a)

    5,265        102,457   

Papa John’s International, Inc. (b)

    13,488        730,915   

Penn National Gaming, Inc. (a) (b)

    39,538        659,889   

Pinnacle Entertainment, Inc. (a) (b)

    28,718        1,008,002   

Planet Fitness, Inc. - Class A (a) (b)

    6,759        109,766   

Popeyes Louisiana Kitchen, Inc. (a)

    11,051        575,315   

Potbelly Corp. (a) (b)

    8,606        117,128   

Red Robin Gourmet Burgers, Inc. (a) (b)

    7,619        491,197   

Ruby Tuesday, Inc. (a)

    30,240        162,691   

Ruth’s Hospitality Group, Inc.

    17,912        329,760   

Scientific Games Corp. - Class A (a) (b)

    23,377        220,445   

SeaWorld Entertainment, Inc. (b)

    32,101        676,047   

Shake Shack, Inc. - Class A (a) (b)

    2,909        108,564   

Sonic Corp. (b)

    24,157        849,360   

Speedway Motorsports, Inc.

    7,078        140,357   

Texas Roadhouse, Inc. (b)

    33,097        1,442,367   

Vail Resorts, Inc. (b)

    17,290        2,311,673   

Zoe’s Kitchen, Inc. (a) (b)

    9,191        358,357   
   

 

 

 
      26,918,599   
   

 

 

 

Household Durables—1.2%

  

Bassett Furniture Industries, Inc. (b)

    5,374        171,216   

Beazer Homes USA, Inc. (a)

    13,700        119,464   

CalAtlantic Group, Inc. (b)

    37,485        1,252,749   

Cavco Industries, Inc. (a)

    4,452        416,084   

Century Communities, Inc. (a) (b)

    7,561        129,066   

 

MSF-205


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Durables—(Continued)

  

CSS Industries, Inc.

    4,201      $ 117,334   

Ethan Allen Interiors, Inc. (b)

    12,159        386,899   

Flexsteel Industries, Inc. (b)

    3,005        131,258   

Helen of Troy, Ltd. (a) (b)

    13,453        1,394,942   

Hooker Furniture Corp. (b)

    5,444        178,835   

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

    60,910        95,020   

Installed Building Products, Inc. (a)

    9,469        251,970   

iRobot Corp. (a) (b)

    14,746        520,534   

KB Home (b)

    37,768        539,327   

La-Z-Boy, Inc.

    24,718        660,959   

LGI Homes, Inc. (a) (b)

    8,210        198,764   

Libbey, Inc. (b)

    10,247        190,594   

M/I Homes, Inc. (a)

    12,868        239,988   

MDC Holdings, Inc. (b)

    19,869        497,917   

Meritage Homes Corp. (a)

    20,456        745,826   

NACCO Industries, Inc. - Class A

    2,176        124,924   

Taylor Morrison Home Corp. - Class A (a)

    15,532        219,312   

TRI Pointe Group, Inc. (a)

    76,582        902,136   

Universal Electronics, Inc. (a)

    7,461        462,507   

WCI Communities, Inc. (a) (b)

    6,498        120,733   

William Lyon Homes - Class A (a) (b)

    9,057        131,236   

ZAGG, Inc. (a) (b)

    15,041        135,520   
   

 

 

 
      10,335,114   
   

 

 

 

Household Products—0.2%

   

Central Garden and Pet Co. - Class A (a)

    20,661        336,568   

HRG Group, Inc. (a)

    41,499        578,081   

Orchids Paper Products Co. (b)

    5,348        147,123   

WD-40 Co. (b)

    6,750        729,068   
   

 

 

 
      1,790,840   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.4%

  

Abengoa Yield plc (b)

    22,721        403,979   

Atlantic Power Corp. (b)

    57,898        142,429   

Dynegy, Inc. (a) (b)

    59,317        852,385   

NRG Yield, Inc. - Class A (b)

    16,087        218,301   

NRG Yield, Inc. - Class C (b)

    29,107        414,484   

Ormat Technologies, Inc.

    19,075        786,653   

Pattern Energy Group, Inc. (b)

    26,388        503,219   

Talen Energy Corp. (a) (b)

    38,673        348,057   
   

 

 

 
      3,669,507   
   

 

 

 

Industrial Conglomerates—0.0%

   

Raven Industries, Inc. (b)

    18,658        298,901   
   

 

 

 
   

Insurance—2.3%

  

Ambac Financial Group, Inc. (a)

    22,444        354,615   

American Equity Investment Life Holding Co. (b)

    37,681        633,041   

AMERISAFE, Inc.

    9,298        488,517   

Argo Group International Holdings, Ltd.

    12,862        738,150   

Atlas Financial Holdings, Inc. (a)

    5,024        91,135   

Baldwin & Lyons, Inc. - Class B

    4,133        101,713   

Citizens, Inc. (a) (b)

    22,172        160,525   

CNO Financial Group, Inc. (b)

    91,193        1,634,179   

Crawford & Co. - Class B

    14,433        93,526   

Insurance—(Continued)

  

EMC Insurance Group, Inc.

    3,800      97,470   

Employers Holdings, Inc.

    14,789        416,163   

Enstar Group, Ltd. (a)

    4,185        680,397   

FBL Financial Group, Inc. - Class A (b)

    4,790        294,681   

Federated National Holding Co.

    5,884        115,679   

Fidelity & Guaranty Life (b)

    4,816        126,372   

First American Financial Corp.

    52,065        1,984,197   

Global Indemnity plc (a)

    3,335        103,819   

Greenlight Capital Re, Ltd. - Class A (a) (b)

    13,998        305,016   

HCI Group, Inc. (b)

    5,671        188,844   

Heritage Insurance Holdings, Inc.

    11,792        188,318   

Horace Mann Educators Corp.

    18,978        601,413   

Infinity Property & Casualty Corp.

    5,597        450,559   

James River Group Holdings, Ltd. (b)

    4,499        145,138   

Kemper Corp. (b)

    20,321        600,892   

Maiden Holdings, Ltd. (b)

    24,032        310,974   

MBIA, Inc. (a)

    55,677        492,742   

National General Holdings Corp.

    18,792        405,719   

National Interstate Corp.

    3,585        107,263   

National Western Life Group, Inc. - Class A

    1,054        243,084   

Navigators Group, Inc. (The) (a)

    5,026        421,531   

OneBeacon Insurance Group, Ltd. - Class A

    11,496        146,344   

Primerica, Inc. (b)

    23,745        1,057,365   

RLI Corp. (b)

    21,217        1,418,569   

Safety Insurance Group, Inc.

    6,815        388,864   

Selective Insurance Group, Inc.

    26,789        980,745   

State Auto Financial Corp.

    7,940        175,156   

State National Cos., Inc.

    15,205        191,583   

Stewart Information Services Corp.

    11,286        409,456   

Third Point Reinsurance, Ltd. (a) (b)

    39,485        448,945   

United Fire Group, Inc.

    9,732        426,456   

United Insurance Holdings Corp. (b)

    8,654        166,243   

Universal Insurance Holdings, Inc.

    17,550        312,390   
   

 

 

 
      18,697,788   
   

 

 

 

Internet & Catalog Retail—0.5%

  

1-800-Flowers.com, Inc. - Class A (a)

    13,330        105,040   

Blue Nile, Inc. (b)

    6,605        169,815   

FTD Cos., Inc. (a)

    9,600        252,000   

HSN, Inc. (b)

    16,447        860,343   

Lands’ End, Inc. (a) (b)

    8,472        216,121   

Liberty TripAdvisor Holdings, Inc. - Class A (a)

    34,803        771,234   

Nutrisystem, Inc.

    14,262        297,648   

PetMed Express, Inc. (b)

    11,281        202,043   

Shutterfly, Inc. (a) (b)

    17,108        793,298   

Wayfair, Inc. - Class A (a) (b)

    9,556        413,010   
   

 

 

 
      4,080,552   
   

 

 

 

Internet Software & Services—1.9%

  

Actua Corp. (a)

    20,148        182,339   

Alarm.com Holdings, Inc. (a)

    4,271        101,223   

Angie’s List, Inc. (a)

    21,237        171,383   

Bankrate, Inc. (a) (b)

    31,827        291,854   

Bazaarvoice, Inc. (a)

    25,119        79,125   

Benefitfocus, Inc. (a) (b)

    3,815        127,230   

Blucora, Inc. (a) (b)

    20,338        104,944   

 

MSF-206


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet Software & Services—(Continued)

  

Brightcove, Inc. (a) (b)

    16,995      $ 106,049   

ChannelAdvisor Corp. (a) (b)

    10,403        117,034   

Cimpress NV (a) (b)

    16,111        1,461,107   

comScore, Inc. (a) (b)

    23,234        697,949   

Cornerstone OnDemand, Inc. (a) (b)

    26,060        853,986   

Cvent, Inc. (a) (b)

    11,076        237,026   

Demandware, Inc. (a) (b)

    15,487        605,542   

DHI Group, Inc. (a)

    21,586        174,199   

EarthLink Holdings Corp.

    48,787        276,622   

Endurance International Group Holdings, Inc. (a) (b)

    27,384        288,354   

Envestnet, Inc. (a) (b)

    18,433        501,378   

Five9, Inc. (a) (b)

    12,468        110,841   

Gogo, Inc. (a) (b)

    27,419        301,883   

GrubHub, Inc. (a) (b)

    34,851        875,806   

GTT Communications, Inc. (a) (b)

    11,597        191,814   

inContact, Inc. (a) (b)

    27,382        243,426   

IntraLinks Holdings, Inc. (a)

    20,583        162,194   

j2 Global, Inc. (b)

    22,619        1,392,878   

LivePerson, Inc. (a) (b)

    29,330        171,580   

LogMeIn, Inc. (a)

    11,323        571,359   

Marketo, Inc. (a) (b)

    16,297        318,932   

Monster Worldwide, Inc. (a) (b)

    43,593        142,113   

NIC, Inc.

    33,080        596,432   

OPOWER, Inc. (a) (b)

    12,724        86,650   

Q2 Holdings, Inc. (a) (b)

    9,262        222,658   

Quotient Technology, Inc. (a) (b)

    29,125        308,725   

Reis, Inc.

    4,338        102,160   

RetailMeNot, Inc. (a)

    18,130        145,221   

SciQuest, Inc. (a)

    15,491        215,015   

Shutterstock, Inc. (a) (b)

    9,230        339,018   

SPS Commerce, Inc. (a)

    7,550        324,197   

Stamps.com, Inc. (a)

    6,857        728,762   

TrueCar, Inc. (a) (b)

    23,179        129,571   

Web.com Group, Inc. (a)

    20,520        406,706   

WebMD Health Corp. (a) (b)

    17,955        1,124,522   

Wix.com, Ltd. (a)

    8,981        182,045   

XO Group, Inc. (a)

    16,065        257,843   
   

 

 

 
      16,029,695   
   

 

 

 

IT Services—2.5%

  

Acxiom Corp. (a)

    37,591        805,951   

Blackhawk Network Holdings, Inc. (a) (b)

    27,022        926,854   

CACI International, Inc. - Class A (a) (d)

    12,041        1,284,775   

Cardtronics, Inc. (a) (b)

    20,736        746,289   

Cass Information Systems, Inc. (b)

    5,928        310,331   

Convergys Corp. (b)

    46,697        1,296,776   

CSG Systems International, Inc. (b)

    15,258        689,051   

EPAM Systems, Inc. (a) (b)

    23,687        1,768,708   

Euronet Worldwide, Inc. (a)

    24,328        1,802,948   

EVERTEC, Inc. (b)

    30,384        424,768   

ExlService Holdings, Inc. (a)

    15,842        820,615   

Forrester Research, Inc.

    5,782        194,333   

Hackett Group, Inc. (The)

    13,330        201,550   

Heartland Payment Systems, Inc.

    17,379        1,678,290   

Lionbridge Technologies, Inc. (a)

    31,361        158,687   

IT Services—(Continued)

  

Luxoft Holding, Inc. (a) (b)

    8,590      472,708   

ManTech International Corp. - Class A

    12,440        397,956   

MAXIMUS, Inc.

    31,383        1,652,001   

NeuStar, Inc. - Class A (a) (b)

    26,451        650,694   

Perficient, Inc. (a)

    17,369        377,255   

Science Applications International Corp.

    21,353        1,138,969   

ServiceSource International, Inc. (a) (b)

    29,419        125,325   

Sykes Enterprises, Inc. (a)

    18,634        562,374   

Syntel, Inc. (a)

    14,931        745,505   

TeleTech Holdings, Inc.

    7,377        204,785   

Travelport Worldwide, Ltd. (b)

    49,436        675,296   

Unisys Corp. (a) (b)

    26,228        201,956   

Virtusa Corp. (a)

    15,311        573,550   
   

 

 

 
      20,888,300   
   

 

 

 

Leisure Products—0.3%

  

Arctic Cat, Inc. (b)

    6,845        114,996   

Callaway Golf Co.

    37,265        339,857   

Malibu Boats, Inc. - Class A (a)

    8,768        143,795   

Nautilus, Inc. (a)

    16,328        315,457   

Smith & Wesson Holding Corp. (a) (b)

    25,637        682,457   

Sturm Ruger & Co., Inc. (b)

    8,538        583,828   
   

 

 

 
      2,180,390   
   

 

 

 

Life Sciences Tools & Services—0.6%

  

Accelerate Diagnostics, Inc. (a) (b)

    11,348        163,071   

Affymetrix, Inc. (a) (b) (d)

    38,409        538,110   

Albany Molecular Research, Inc. (a) (b)

    12,484        190,880   

Cambrex Corp. (a)

    15,180        667,920   

Fluidigm Corp. (a) (b)

    13,200        106,524   

INC Research Holdings, Inc. - Class A (a)

    6,230        256,738   

Luminex Corp. (a) (b)

    23,255        451,147   

NanoString Technologies, Inc. (a)

    7,907        120,345   

NeoGenomics, Inc. (a) (b)

    26,497        178,590   

Pacific Biosciences of California, Inc. (a) (b)

    34,410        292,485   

PAREXEL International Corp. (a)

    26,785        1,680,223   

PRA Health Sciences, Inc. (a)

    9,267        396,257   
   

 

 

 
      5,042,290   
   

 

 

 

Machinery—2.7%

  

Actuant Corp. - Class A

    28,401        701,789   

Alamo Group, Inc. (b)

    4,629        257,882   

Albany International Corp. - Class A

    14,147        531,786   

Altra Industrial Motion Corp. (b)

    13,385        371,835   

American Railcar Industries, Inc. (b)

    4,708        191,757   

Astec Industries, Inc. (b)

    9,004        420,217   

Barnes Group, Inc.

    25,967        909,624   

Blount International, Inc. (a) (b)

    23,822        237,744   

Briggs & Stratton Corp. (b)

    21,617        517,079   

Chart Industries, Inc. (a)

    15,307        332,468   

CIRCOR International, Inc.

    8,835        409,856   

CLARCOR, Inc. (b)

    24,783        1,432,210   

Columbus McKinnon Corp.

    10,074        158,766   

Douglas Dynamics, Inc.

    9,877        226,282   

EnPro Industries, Inc.

    11,493        662,916   

 

MSF-207


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Machinery—(Continued)

  

ESCO Technologies, Inc.

    12,540      $ 488,809   

Federal Signal Corp.

    29,548        391,806   

FreightCar America, Inc.

    7,047        109,792   

Global Brass & Copper Holdings, Inc.

    11,099        276,920   

Gorman-Rupp Co. (The)

    10,331        267,883   

Graham Corp.

    5,383        107,176   

Greenbrier Cos., Inc. (The) (b)

    14,368        397,131   

Harsco Corp.

    37,700        205,465   

Hillenbrand, Inc.

    29,866        894,487   

Hurco Cos., Inc.

    3,501        115,498   

Hyster-Yale Materials Handling, Inc.

    4,976        331,402   

John Bean Technologies Corp.

    13,616        768,079   

Kadant, Inc.

    5,766        260,393   

LB Foster Co. - Class A

    5,345        97,065   

Lindsay Corp. (b)

    5,740        411,041   

Lydall, Inc. (a)

    8,342        271,282   

Meritor, Inc. (a)

    43,321        349,167   

Milacron Holdings Corp. (a) (b)

    6,533        107,729   

Miller Industries, Inc.

    5,680        115,190   

Mueller Industries, Inc.

    28,764        846,237   

Mueller Water Products, Inc. - Class A

    76,369        754,526   

Navistar International Corp. (a) (b)

    23,914        299,403   

NN, Inc. (b)

    12,696        173,681   

Proto Labs, Inc. (a) (b)

    11,113        856,701   

RBC Bearings, Inc. (a)

    10,876        796,776   

Rexnord Corp. (a) (b)

    47,178        953,939   

Standex International Corp.

    6,262        487,246   

Sun Hydraulics Corp.

    10,558        350,420   

Tennant Co.

    8,929        459,665   

Titan International, Inc.

    22,706        122,158   

TriMas Corp. (a)

    22,514        394,445   

Wabash National Corp. (a) (b)

    32,109        423,839   

Watts Water Technologies, Inc. - Class A (b)

    13,118        723,195   

Woodward, Inc. (b)

    30,225        1,572,304   
   

 

 

 
      22,543,061   
   

 

 

 

Marine—0.1%

  

Matson, Inc.

    20,127        808,502   
   

 

 

 

Media—1.4%

  

AMC Entertainment Holdings, Inc. - Class A

    9,526        266,633   

Carmike Cinemas, Inc. (a) (b)

    12,031        361,411   

Central European Media Enterprises, Ltd. - Class A (a) (b)

    39,291        100,192   

Daily Journal Corp. (a) (b)

    598        117,023   

DreamWorks Animation SKG, Inc. - Class A (a) (b)

    35,402        883,280   

Entercom Communications Corp. - Class A (a)

    14,538        153,812   

Entravision Communications Corp. - Class A

    29,645        220,559   

Eros International plc (a) (b)

    13,360        153,774   

EW Scripps Co. (The) - Class A (b)

    29,695        462,945   

Global Eagle Entertainment, Inc. (a) (b)

    28,412        242,070   

Gray Television, Inc. (a)

    30,714        359,968   

IMAX Corp. (a) (b)

    28,090        873,318   

Journal Media Group, Inc.

    12,272        146,773   

Loral Space & Communications, Inc. (a) (b)

    6,669        234,282   

MDC Partners, Inc. - Class A

    19,973        471,363   

Media—(Continued)

  

Media General, Inc. (a) (b)

    44,825      731,096   

Meredith Corp.

    17,483        830,442   

National CineMedia, Inc.

    31,052        472,301   

New Media Investment Group, Inc.

    22,310        371,238   

New York Times Co. (The) - Class A

    65,251        813,027   

Nexstar Broadcasting Group, Inc. - Class A

    14,830        656,524   

Reading International, Inc. - Class A (a) (b)

    8,504        101,878   

Scholastic Corp.

    14,176        529,757   

Sinclair Broadcast Group, Inc. - Class A (b)

    30,881        949,591   

Time, Inc.

    55,956        863,961   

Tribune Publishing Co.

    14,706        113,530   

World Wrestling Entertainment, Inc. - Class A (b)

    14,120        249,359   
   

 

 

 
      11,730,107   
   

 

 

 

Metals & Mining—0.8%

  

AK Steel Holding Corp. (a) (b)

    84,412        348,622   

Carpenter Technology Corp. (b)

    23,384        800,434   

Century Aluminum Co. (a)

    24,781        174,706   

Cliffs Natural Resources, Inc. (a) (b)

    87,769        263,307   

Coeur Mining, Inc. (a) (b)

    64,923        364,867   

Commercial Metals Co. (b)

    53,553        908,794   

Ferroglobe plc

    31,634        278,696   

Haynes International, Inc.

    6,653        242,835   

Hecla Mining Co. (b)

    174,328        484,632   

Kaiser Aluminum Corp.

    7,976        674,291   

Materion Corp.

    9,498        251,507   

Real Industry, Inc. (a)

    12,309        107,088   

Schnitzer Steel Industries, Inc. - Class A

    13,529        249,475   

Stillwater Mining Co. (a) (b)

    56,563        602,396   

SunCoke Energy, Inc.

    35,308        229,502   

TimkenSteel Corp. (b)

    18,629        169,524   

Worthington Industries, Inc.

    24,246        864,127   
   

 

 

 
      7,014,803   
   

 

 

 

Multi-Utilities—0.5%

  

Avista Corp. (b)

    29,297        1,194,732   

Black Hills Corp.

    24,076        1,447,690   

NorthWestern Corp. (b)

    22,109        1,365,231   

Unitil Corp.

    7,429        315,658   
   

 

 

 
      4,323,311   
   

 

 

 

Multiline Retail—0.2%

  

Big Lots, Inc. (b)

    22,924        1,038,228   

Fred’s, Inc. - Class A (b)

    16,936        252,516   

Ollie’s Bargain Outlet Holdings, Inc. (a)

    5,382        126,100   

Tuesday Morning Corp. (a) (b)

    21,822        178,504   
   

 

 

 
      1,595,348   
   

 

 

 

Oil, Gas & Consumable Fuels—1.6%

  

Alon USA Energy, Inc. (b)

    18,417        190,063   

Bill Barrett Corp. (a)

    31,337        194,916   

Callon Petroleum Co. (a) (b)

    50,638        448,146   

Carrizo Oil & Gas, Inc. (a)

    30,473        942,225   

Clean Energy Fuels Corp. (a) (b)

    51,916        152,114   

Contango Oil & Gas Co. (a)

    12,282        144,805   

 

MSF-208


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Oil, Gas & Consumable Fuels—(Continued)

  

Delek U.S. Holdings, Inc.

    28,305      $ 431,368   

DHT Holdings, Inc.

    44,160        254,362   

Dorian LPG, Ltd. (a) (b)

    12,155        114,257   

Frontline, Ltd. (b)

    23,195        194,142   

GasLog, Ltd. (b)

    20,748        202,086   

Green Plains, Inc. (b)

    24,109        384,780   

Matador Resources Co. (a) (b)

    38,313        726,414   

Nordic American Tankers, Ltd. (b)

    41,561        585,594   

Northern Oil and Gas, Inc. (a) (b)

    32,713        130,525   

Oasis Petroleum, Inc. (a) (b)

    93,988        684,233   

Panhandle Oil and Gas, Inc. - Class A (b)

    10,459        181,045   

Par Pacific holdings, Inc. (a) (b)

    9,479        177,826   

Parsley Energy, Inc. - Class A (a) (b)

    48,694        1,100,484   

PDC Energy, Inc. (a) (b)

    22,630        1,345,354   

Renewable Energy Group, Inc. (a) (b)

    22,727        214,543   

REX American Resources Corp. (a)

    2,989        165,800   

RSP Permian, Inc. (a) (b)

    33,024        959,017   

Sanchez Energy Corp. (a)

    30,771        168,933   

Scorpio Tankers, Inc.

    83,337        485,855   

SemGroup Corp. - Class A

    24,154        541,050   

Ship Finance International, Ltd. (b)

    28,428        394,865   

Synergy Resources Corp. (a) (b)

    61,451        477,474   

Teekay Tankers, Ltd. - Class A (b)

    53,596        196,697   

Western Refining, Inc.

    34,157        993,627   
   

 

 

 
      13,182,600   
   

 

 

 

Paper & Forest Products—0.5%

   

Boise Cascade Co. (a)

    18,411        381,476   

Clearwater Paper Corp. (a)

    9,289        450,609   

Deltic Timber Corp. (b)

    5,314        319,637   

KapStone Paper and Packaging Corp.

    39,372        545,302   

Louisiana-Pacific Corp. (a) (b)

    67,208        1,150,601   

Neenah Paper, Inc.

    7,745        493,047   

PH Glatfelter Co.

    21,278        441,093   

Schweitzer-Mauduit International, Inc.

    14,898        468,989   
   

 

 

 
      4,250,754   
   

 

 

 

Personal Products—0.2%

   

Elizabeth Arden, Inc. (a)

    13,967        114,390   

Inter Parfums, Inc.

    8,191        253,102   

Medifast, Inc.

    5,660        170,875   

Natural Health Trends Corp. (b)

    4,063        134,688   

Nutraceutical International Corp. (a)

    4,388        106,848   

Revlon, Inc. - Class A (a) (b)

    6,172        224,723   

USANA Health Sciences, Inc. (a)

    2,803        340,340   
   

 

 

 
      1,344,966   
   

 

 

 

Pharmaceuticals—1.5%

   

Aerie Pharmaceuticals, Inc. (a) (b)

    9,996        121,551   

Amphastar Pharmaceuticals, Inc. (a) (b)

    15,186        182,232   

ANI Pharmaceuticals, Inc. (a) (b)

    5,790        194,891   

Aralez Pharmaceuticals, Inc. (a) (b)

    28,614        101,580   

Catalent, Inc. (a)

    42,051        1,121,500   

Cempra, Inc. (a) (b)

    17,559        307,634   

Corcept Therapeutics, Inc. (a) (b)

    27,975        130,923   

Pharmaceuticals—(Continued)

   

Depomed, Inc. (a) (b)

    31,379      437,109   

Dermira, Inc. (a) (b)

    9,122        188,643   

Impax Laboratories, Inc. (a) (b)

    34,206        1,095,276   

Innoviva, Inc. (b)

    40,393        508,548   

Intersect ENT, Inc. (a) (b)

    11,434        217,246   

Intra-Cellular Therapies, Inc. (a) (b)

    12,522        348,112   

Lannett Co., Inc. (a) (b)

    12,710        227,890   

Medicines Co. (The) (a)

    32,038        1,017,847   

Nektar Therapeutics (a) (b)

    62,084        853,655   

Omeros Corp. (a) (b)

    18,771        287,947   

Pacira Pharmaceuticals, Inc. (a) (b)

    17,459        924,978   

Paratek Pharmaceuticals, Inc. (a) (b)

    5,993        90,914   

Phibro Animal Health Corp. - Class A (b)

    9,993        270,211   

Prestige Brands Holdings, Inc. (a)

    25,686        1,371,375   

Relypsa, Inc. (a) (b)

    15,309        207,437   

Revance Therapeutics, Inc. (a) (b)

    8,949        156,250   

Sagent Pharmaceuticals, Inc. (a) (b)

    11,006        133,943   

Sciclone Pharmaceuticals, Inc. (a) (b)

    27,839        306,229   

Sucampo Pharmaceuticals, Inc. - Class A (a)

    12,005        131,215   

Supernus Pharmaceuticals, Inc. (a)

    22,265        339,541   

Teligent, Inc. (a) (b)

    28,000        137,200   

TherapeuticsMD, Inc. (a) (b)

    70,014        448,090   

Theravance Biopharma, Inc. (a) (b)

    16,997        319,544   

XenoPort, Inc. (a) (b)

    30,042        135,489   

Zogenix, Inc. (a)

    12,033        111,185   
   

 

 

 
      12,426,185   
   

 

 

 

Professional Services—1.3%

   

Acacia Research Corp.

    26,966        102,201   

Advisory Board Co. (The) (a)

    20,097        648,128   

Barrett Business Services, Inc. (b)

    3,858        110,917   

CBIZ, Inc. (a) (b)

    24,387        246,065   

CEB, Inc.

    16,925        1,095,555   

CRA International, Inc. (a)

    4,868        95,608   

Exponent, Inc.

    12,398        632,422   

Franklin Covey Co. (a)

    5,394        94,880   

FTI Consulting, Inc. (a)

    19,255        683,745   

GP Strategies Corp. (a)

    5,793        158,728   

Heidrick & Struggles International, Inc.

    9,634        228,326   

Huron Consulting Group, Inc. (a)

    10,356        602,616   

ICF International, Inc. (a)

    10,002        343,769   

Insperity, Inc.

    9,107        471,105   

Kelly Services, Inc. - Class A (b)

    14,944        285,729   

Kforce, Inc.

    12,692        248,509   

Korn/Ferry International

    23,409        662,241   

Mistras Group, Inc. (a)

    8,222        203,659   

Navigant Consulting, Inc. (a)

    21,686        342,856   

On Assignment, Inc. (a)

    24,181        892,762   

Resources Connection, Inc.

    17,930        278,991   

RPX Corp. (a)

    26,264        295,733   

TriNet Group, Inc. (a) (b)

    19,326        277,328   

TrueBlue, Inc. (a)

    19,573        511,834   

WageWorks, Inc. (a) (b)

    17,251        873,073   
   

 

 

 
      10,386,780   
   

 

 

 

 

MSF-209


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—9.3%

   

Acadia Realty Trust

    34,195      $ 1,201,270   

AG Mortgage Investment Trust, Inc. (b)

    14,345        187,489   

Agree Realty Corp.

    11,237        432,287   

Alexander’s, Inc. (b)

    1,029        391,586   

Altisource Residential Corp. (b)

    26,537        318,444   

American Assets Trust, Inc.

    17,413        695,127   

American Capital Mortgage Investment Corp. (b)

    23,775        349,017   

Anworth Mortgage Asset Corp.

    49,995        232,977   

Apollo Commercial Real Estate Finance, Inc. (b)

    28,760        468,788   

Apollo Residential Mortgage, Inc.

    16,439        220,611   

Ares Commercial Real Estate Corp. (b)

    11,438        125,246   

Armada Hoffler Properties, Inc. (b)

    12,863        144,709   

ARMOUR Residential REIT, Inc. (b)

    16,682        359,163   

Ashford Hospitality Prime, Inc. (b)

    14,521        169,460   

Ashford Hospitality Trust, Inc.

    39,201        250,102   

Bluerock Residential Growth REIT, Inc. (b)

    9,427        102,566   

Capstead Mortgage Corp. (b)

    44,863        443,695   

CareTrust REIT, Inc.

    22,728        288,646   

CatchMark Timber Trust, Inc. - Class A (b)

    19,002        205,792   

Cedar Realty Trust, Inc. (b)

    37,954        274,407   

Chatham Lodging Trust

    18,798        402,841   

Chesapeake Lodging Trust (b)

    28,075        742,865   

Colony Capital, Inc. - Class A (b)

    52,491        880,274   

Colony Starwood Homes

    17,678        437,531   

CorEnergy Infrastructure Trust, Inc.

    5,980        120,258   

CoreSite Realty Corp. (b)

    12,320        862,523   

Cousins Properties, Inc. (b)

    107,365        1,114,449   

CubeSmart

    83,362        2,775,955   

CyrusOne, Inc.

    34,770        1,587,250   

CYS Investments, Inc. (b)

    74,681        607,903   

DCT Industrial Trust, Inc.

    41,684        1,645,267   

DiamondRock Hospitality Co.

    101,168        1,023,820   

DuPont Fabros Technology, Inc.

    29,695        1,203,538   

Dynex Capital, Inc. (b)

    26,422        175,706   

Easterly Government Properties, Inc. (b)

    5,391        99,841   

EastGroup Properties, Inc.

    15,137        913,821   

Education Realty Trust, Inc.

    29,734        1,236,934   

EPR Properties (b)

    26,830        1,787,415   

Equity One, Inc.

    37,601        1,077,645   

FelCor Lodging Trust, Inc.

    66,829        542,651   

First Industrial Realty Trust, Inc. (b)

    54,568        1,240,876   

First Potomac Realty Trust (b)

    27,829        252,131   

Franklin Street Properties Corp.

    42,121        446,904   

Geo Group, Inc. (The)

    35,110        1,217,264   

Getty Realty Corp. (b)

    13,449        266,694   

Gladstone Commercial Corp. (b)

    10,038        164,422   

Government Properties Income Trust (b)

    33,503        598,029   

Gramercy Property Trust (b)

    196,862        1,663,484   

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)

    20,919        402,063   

Hatteras Financial Corp.

    45,676        653,167   

Healthcare Realty Trust, Inc.

    46,860        1,447,505   

Hersha Hospitality Trust (b)

    21,188        452,152   

Highwoods Properties, Inc.

    44,096        2,108,230   

Hudson Pacific Properties, Inc.

    35,234        1,018,967   

Independence Realty Trust, Inc. (b)

    15,452        110,018   

InfraREIT, Inc.

    10,732        182,981   

Real Estate Investment Trusts—(Continued)

  

Invesco Mortgage Capital, Inc. (b)

    58,562      713,285   

Investors Real Estate Trust

    56,725        411,824   

iStar, Inc. (a) (b)

    40,007        386,468   

Kite Realty Group Trust

    38,856        1,076,700   

Ladder Capital Corp. (b)

    20,669        257,329   

LaSalle Hotel Properties (b)

    53,022        1,341,987   

Lexington Realty Trust (b)

    95,516        821,438   

LTC Properties, Inc.

    17,896        809,615   

Mack-Cali Realty Corp. (b)

    41,318        970,973   

Medical Properties Trust, Inc. (b)

    114,839        1,490,610   

Monmouth Real Estate Investment Corp. - Class A

    28,144        334,632   

Monogram Residential Trust, Inc.

    77,219        761,379   

National Health Investors, Inc. (b)

    17,654        1,174,344   

National Storage Affiliates Trust (b)

    10,849        229,999   

New Residential Investment Corp.

    113,306        1,317,749   

New Senior Investment Group, Inc. (b)

    40,485        416,996   

New York Mortgage Trust, Inc. (b)

    51,471        243,973   

New York REIT, Inc. (b)

    75,580        763,358   

NexPoint Residential Trust, Inc.

    9,072        118,752   

One Liberty Properties, Inc.

    6,290        140,959   

Orchid Island Capital, Inc. (b)

    11,326        117,451   

Parkway Properties, Inc.

    38,318        600,060   

Pebblebrook Hotel Trust (b)

    33,791        982,304   

Pennsylvania Real Estate Investment Trust

    32,570        711,655   

PennyMac Mortgage Investment Trust (b)

    35,722        487,248   

Physicians Realty Trust

    51,728        961,106   

Potlatch Corp.

    19,692        620,298   

Preferred Apartment Communities, Inc. - Class A (b)

    11,149        141,369   

PS Business Parks, Inc.

    9,046        909,213   

QTS Realty Trust, Inc. - Class A

    13,062        618,878   

RAIT Financial Trust (b)

    39,654        124,514   

Ramco-Gershenson Properties Trust (b)

    37,976        684,707   

Redwood Trust, Inc.

    39,826        520,924   

Resource Capital Corp. (b)

    16,059        180,664   

Retail Opportunity Investments Corp. (b)

    46,826        942,139   

Rexford Industrial Realty, Inc.

    25,670        466,167   

RLJ Lodging Trust

    62,037        1,419,407   

Rouse Properties, Inc.

    18,643        342,658   

Ryman Hospitality Properties, Inc.

    20,440        1,052,251   

Sabra Health Care REIT, Inc. (b)

    33,240        667,792   

Saul Centers, Inc.

    4,228        224,169   

Select Income REIT (b)

    29,295        675,250   

Silver Bay Realty Trust Corp. (b)

    16,953        251,752   

Sovran Self Storage, Inc.

    18,674        2,202,598   

STAG Industrial, Inc.

    30,449        619,942   

STORE Capital Corp. (b)

    21,415        554,220   

Summit Hotel Properties, Inc.

    40,984        490,578   

Sun Communities, Inc.

    23,753        1,700,952   

Sunstone Hotel Investors, Inc.

    101,014        1,414,196   

Terreno Realty Corp. (b)

    20,992        492,262   

UMH Properties, Inc. (b)

    11,462        113,703   

United Development Funding IV (b) (c) (e)

    14,302        45,766   

Universal Health Realty Income Trust (b)

    6,109        343,631   

Urban Edge Properties

    41,316        1,067,605   

Urstadt Biddle Properties, Inc. - Class A

    13,207        276,687   

Washington Real Estate Investment Trust (b)

    32,300        943,483   

 

MSF-210


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

Western Asset Mortgage Capital Corp. (b)

    20,929      $ 210,336   

Whitestone REIT (b)

    16,717        210,133   

Xenia Hotels & Resorts, Inc. (b)

    53,296        832,484   
   

 

 

 
      77,327,678   
   

 

 

 

Real Estate Management & Development—0.4%

  

Alexander & Baldwin, Inc. (b)

    22,995        843,457   

Altisource Portfolio Solutions S.A. (a) (b)

    6,754        163,109   

Consolidated-Tomoka Land Co. (b)

    2,461        113,551   

Forestar Group, Inc. (a) (b)

    17,933        233,846   

FRP Holdings, Inc. (a) (b)

    3,389        120,648   

Kennedy-Wilson Holdings, Inc. (b)

    43,109        944,087   

Marcus & Millichap, Inc. (a)

    6,463        164,096   

RE/MAX Holdings, Inc. - Class A

    7,034        241,266   

St. Joe Co. (The) (a) (b)

    25,487        437,102   

Tejon Ranch Co. (a) (b)

    7,566        155,633   
   

 

 

 
      3,416,795   
   

 

 

 

Road & Rail—0.5%

  

ArcBest Corp.

    12,815        276,676   

Celadon Group, Inc.

    13,029        136,544   

Covenant Transportation Group, Inc. - Class A (a)

    5,776        139,721   

Heartland Express, Inc. (b)

    22,410        415,706   

Knight Transportation, Inc. (b)

    29,563        773,073   

Marten Transport, Ltd.

    11,626        217,639   

Roadrunner Transportation Systems, Inc. (a)

    13,855        172,633   

Saia, Inc. (a) (b)

    11,835        333,155   

Swift Transportation Co. (a) (b)

    41,359        770,518   

Werner Enterprises, Inc. (b)

    22,043        598,688   

YRC Worldwide, Inc. (a) (b)

    14,785        137,796   
   

 

 

 
      3,972,149   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.1%

  

Advanced Energy Industries, Inc. (a)

    19,555        680,319   

Advanced Micro Devices, Inc. (a) (b)

    296,073        843,808   

Alpha & Omega Semiconductor, Ltd. (a)

    10,203        120,906   

Ambarella, Inc. (a) (b)

    15,830        707,601   

Amkor Technology, Inc. (a) (b)

    56,069        330,246   

Applied Micro Circuits Corp. (a) (b)

    37,494        242,211   

Axcelis Technologies, Inc. (a)

    55,739        156,069   

Brooks Automation, Inc.

    32,611        339,154   

Cabot Microelectronics Corp.

    11,541        472,142   

Cascade Microtech, Inc. (a) (b)

    6,920        142,690   

Cavium, Inc. (a) (b)

    25,863        1,581,781   

Ceva, Inc. (a)

    9,018        202,905   

Cirrus Logic, Inc. (a)

    30,584        1,113,563   

Cohu, Inc.

    11,848        140,754   

Diodes, Inc. (a)

    18,315        368,132   

DSP Group, Inc. (a)

    11,248        102,582   

Entegris, Inc. (a)

    70,382        958,603   

Exar Corp. (a) (b) (d)

    20,123        115,707   

Fairchild Semiconductor International, Inc. (a)

    56,225        1,124,500   

FormFactor, Inc. (a) (d)

    27,182        197,613   

Inphi Corp. (a) (b)

    17,959        598,753   

Integrated Device Technology, Inc. (a)

    64,575        1,319,913   

Semiconductors & Semiconductor Equipment—(Continued)

  

Intersil Corp. - Class A

    61,321      819,862   

IXYS Corp.

    13,771        154,511   

Lattice Semiconductor Corp. (a) (b)

    55,774        316,796   

M/A-COM Technology Solutions Holdings, Inc. (a) (b)

    10,997        481,559   

Mattson Technology, Inc. (a)

    38,422        140,240   

MaxLinear, Inc. - Class A (a)

    26,699        493,932   

Microsemi Corp. (a) (b)

    51,706        1,980,857   

MKS Instruments, Inc.

    24,685        929,390   

Monolithic Power Systems, Inc.

    18,931        1,204,769   

Nanometrics, Inc. (a)

    12,771        202,293   

NeoPhotonics Corp. (a)

    14,422        202,485   

NVE Corp. (b)

    2,605        147,261   

PDF Solutions, Inc. (a)

    13,631        182,383   

Photronics, Inc. (a)

    30,362        316,068   

Power Integrations, Inc.

    13,771        683,868   

Rambus, Inc. (a) (b)

    56,543        777,466   

Rudolph Technologies, Inc. (a)

    18,288        249,814   

Semtech Corp. (a)

    33,156        729,100   

Sigma Designs, Inc. (a)

    16,965        115,362   

Silicon Laboratories, Inc. (a)

    21,557        969,203   

Synaptics, Inc. (a) (b)

    17,366        1,384,765   

Tessera Technologies, Inc.

    24,436        757,516   

Ultratech, Inc. (a)

    13,618        297,417   

Veeco Instruments, Inc. (a) (b)

    20,425        397,879   

Xcerra Corp. (a)

    26,473        172,604   
   

 

 

 
      25,967,352   
   

 

 

 

Software—4.2%

  

A10 Networks, Inc. (a) (b)

    17,081        101,120   

ACI Worldwide, Inc. (a)

    58,316        1,212,390   

American Software, Inc. - Class A (b)

    12,761        114,849   

Aspen Technology, Inc. (a) (b) (d)

    41,625        1,503,911   

AVG Technologies NV (a)

    19,150        397,363   

Blackbaud, Inc.

    22,367        1,406,661   

Bottomline Technologies de, Inc. (a) (b)

    19,170        584,493   

BroadSoft, Inc. (a)

    14,701        593,185   

Callidus Software, Inc. (a)

    28,634        477,615   

CommVault Systems, Inc. (a)

    21,011        907,045   

Digimarc Corp. (a) (b)

    3,943        119,473   

Ebix, Inc. (b)

    12,915        526,803   

Ellie Mae, Inc. (a) (b)

    14,041        1,272,676   

EnerNOC, Inc. (a)

    18,750        140,250   

EPIQ Systems, Inc.

    15,846        238,007   

Fair Isaac Corp.

    15,124        1,604,505   

FleetMatics Group plc (a) (b)

    18,434        750,448   

Gigamon, Inc. (a) (b)

    12,234        379,499   

Globant S.A. (a) (b)

    7,299        225,247   

Glu Mobile, Inc. (a) (b)

    56,662        159,787   

Guidewire Software, Inc. (a) (b)

    32,997        1,797,677   

HubSpot, Inc. (a)

    8,823        384,859   

Imperva, Inc. (a) (b)

    12,766        644,683   

Infoblox, Inc. (a) (b)

    27,141        464,111   

Interactive Intelligence Group, Inc. (a) (b)

    7,901        287,754   

Manhattan Associates, Inc. (a)

    35,319        2,008,592   

Mentor Graphics Corp.

    47,412        963,886   

 

MSF-211


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Software—(Continued)

  

MicroStrategy, Inc. - Class A (a)

    4,589      $ 824,735   

MobileIron, Inc. (a)

    21,948        99,205   

Model N, Inc. (a) (b)

    10,589        114,044   

Monotype Imaging Holdings, Inc.

    18,592        444,721   

Paycom Software, Inc. (a) (b)

    14,749        525,064   

Paylocity Holding Corp. (a) (b)

    7,401        242,309   

Pegasystems, Inc.

    16,572        420,597   

Progress Software Corp. (a)

    23,712        571,933   

Proofpoint, Inc. (a) (b)

    18,606        1,000,631   

PROS Holdings, Inc. (a) (b)

    10,832        127,709   

QAD, Inc. - Class A

    5,009        106,441   

Qlik Technologies, Inc. (a)

    42,908        1,240,899   

Qualys, Inc. (a)

    11,629        294,330   

RealPage, Inc. (a) (b)

    27,401        571,037   

RingCentral, Inc. - Class A (a) (b)

    25,092        395,199   

Rovi Corp. (a) (b)

    41,187        844,745   

Rubicon Project, Inc. (The) (a) (b)

    12,316        225,137   

Sapiens International Corp. NV (b)

    11,949        143,149   

SeaChange International, Inc. (a) (b)

    15,237        84,108   

Silver Spring Networks, Inc. (a) (b)

    17,691        260,942   

Synchronoss Technologies, Inc. (a) (b)

    19,823        641,076   

Take-Two Interactive Software, Inc. (a) (b)

    39,881        1,502,317   

Tangoe, Inc. (a) (b)

    19,395        153,027   

Textura Corp. (a) (b)

    9,452        176,091   

TiVo, Inc. (a)

    45,871        436,233   

TubeMogul, Inc. (a) (b)

    8,244        106,677   

Tyler Technologies, Inc. (a)

    15,806        2,032,810   

VASCO Data Security International, Inc. (a) (b)

    15,031        231,477   

Verint Systems, Inc. (a)

    28,969        966,985   

VirnetX Holding Corp. (a) (b)

    24,130        110,757   

Xura, Inc. (a)

    11,872        233,522   

Zendesk, Inc. (a) (b)

    27,268        570,719   

Zix Corp. (a) (b)

    28,558        112,233   
   

 

 

 
      35,077,748   
   

 

 

 

Specialty Retail—2.9%

  

Abercrombie & Fitch Co. - Class A (b)

    32,535        1,026,154   

America’s Car-Mart, Inc. (a) (b)

    3,580        89,500   

American Eagle Outfitters, Inc. (b)

    86,284        1,438,354   

Asbury Automotive Group, Inc. (a)

    12,479        746,743   

Ascena Retail Group, Inc. (a)

    79,891        883,594   

Barnes & Noble Education, Inc. (a) (b)

    15,057        147,559   

Barnes & Noble, Inc. (b)

    23,825        294,477   

Big 5 Sporting Goods Corp.

    9,824        109,145   

Buckle, Inc. (The) (b)

    14,188        480,548   

Burlington Stores, Inc. (a)

    35,885        2,018,172   

Caleres, Inc.

    20,189        571,147   

Cato Corp. (The) - Class A

    13,930        537,002   

Chico’s FAS, Inc.

    66,717        885,335   

Children’s Place, Inc. (The)

    9,932        829,024   

Citi Trends, Inc.

    8,551        152,464   

Conn’s, Inc. (a) (b)

    13,796        171,898   

Destination XL Group, Inc. (a)

    19,496        100,794   

Express, Inc. (a)

    42,922        918,960   

Finish Line, Inc. (The) - Class A (b)

    24,910        525,601   

Five Below, Inc. (a) (b)

    25,874        1,069,631   

Specialty Retail—(Continued)

  

Francesca’s Holdings Corp. (a)

    22,196      425,275   

Genesco, Inc. (a) (b)

    10,535        761,154   

Group 1 Automotive, Inc. (b)

    10,876        638,312   

Guess?, Inc. (b)

    30,485        572,203   

Haverty Furniture Cos., Inc.

    10,391        219,874   

Hibbett Sports, Inc. (a) (b)

    12,576        451,478   

Kirkland’s, Inc.

    9,307        162,966   

Lithia Motors, Inc. - Class A (b)

    10,761        939,758   

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

    13,856        181,791   

MarineMax, Inc. (a)

    12,696        247,191   

Mattress Firm Holding Corp. (a) (b)

    9,630        408,216   

Monro Muffler Brake, Inc. (b)

    15,070        1,077,053   

Outerwall, Inc. (b)

    8,102        299,693   

Party City Holdco, Inc. (a)

    13,656        205,386   

Pier 1 Imports, Inc. (b)

    47,023        329,631   

Rent-A-Center, Inc. (b)

    29,515        467,813   

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

    15,345        642,956   

Select Comfort Corp. (a) (b)

    24,198        469,199   

Shoe Carnival, Inc.

    8,227        221,800   

Sonic Automotive, Inc. - Class A (b)

    14,688        271,434   

Sportsman’s Warehouse Holdings, Inc. (a)

    9,266        116,752   

Stage Stores, Inc. (b)

    16,362        131,878   

Stein Mart, Inc.

    15,504        113,644   

Tailored Brands, Inc.

    22,434        401,569   

Tile Shop Holdings, Inc. (a) (b)

    14,624        218,044   

Vitamin Shoppe, Inc. (a) (b)

    12,621        390,746   

Winmark Corp. (b)

    1,140        111,697   

Zumiez, Inc. (a) (b)

    10,452        208,204   
   

 

 

 
      23,681,819   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.6%

  

Avid Technology, Inc. (a) (b)

    17,870        120,801   

Cray, Inc. (a)

    19,290        808,444   

Diebold, Inc. (b)

    30,087        869,815   

Eastman Kodak Co. (a)

    9,487        102,934   

Electronics for Imaging, Inc. (a)

    22,186        940,465   

Immersion Corp. (a)

    16,446        135,844   

Nimble Storage, Inc. (a) (b)

    23,597        185,000   

Pure Storage, Inc. - Class A (a) (b)

    13,297        182,036   

Silicon Graphics International Corp. (a) (b)

    18,467        131,485   

Stratasys, Ltd. (a)

    23,667        613,449   

Super Micro Computer, Inc. (a)

    17,788        606,215   
   

 

 

 
      4,696,488   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.9%

  

Columbia Sportswear Co. (b)

    14,793        888,911   

Crocs, Inc. (a) (b) (d)

    36,244        348,667   

Culp, Inc.

    4,697        123,155   

Deckers Outdoor Corp. (a) (b)

    16,464        986,358   

G-III Apparel Group, Ltd. (a)

    18,754        916,883   

Iconix Brand Group, Inc. (a) (b)

    23,416        188,499   

Movado Group, Inc.

    7,984        219,800   

Oxford Industries, Inc.

    7,657        514,780   

Perry Ellis International, Inc. (a)

    7,318        134,724   

Sequential Brands Group, Inc. (a)

    17,180        109,780   

Steven Madden, Ltd. (a)

    26,195        970,263   

 

MSF-212


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Textiles, Apparel & Luxury Goods—(Continued)

  

Tumi Holdings, Inc. (a)

    26,950      $ 722,799   

Unifi, Inc. (a)

    7,892        180,806   

Vera Bradley, Inc. (a)

    10,263        208,750   

Wolverine World Wide, Inc.

    49,486        911,532   
   

 

 

 
      7,425,707   
   

 

 

 

Thrifts & Mortgage Finance—1.9%

  

Anchor BanCorp. Wisconsin, Inc. (a)

    3,695        166,497   

Astoria Financial Corp.

    42,231        668,939   

Bank Mutual Corp. (b)

    22,673        171,635   

BankFinancial Corp. (b)

    9,195        108,685   

Beneficial Bancorp, Inc. (a)

    38,821        531,459   

BofI Holding, Inc. (a) (b)

    28,164        601,020   

BSB Bancorp, Inc. (a) (b)

    4,035        90,666   

Capitol Federal Financial, Inc. (b)

    66,206        877,892   

Charter Financial Corp. (b)

    8,185        110,497   

Clifton Bancorp, Inc.

    13,646        206,328   

Dime Community Bancshares, Inc.

    15,501        273,128   

Essent Group, Ltd. (a)

    25,938        539,510   

EverBank Financial Corp.

    44,827        676,439   

Federal Agricultural Mortgage Corp. - Class C

    5,480        206,760   

First Defiance Financial Corp.

    5,038        193,510   

Flagstar Bancorp, Inc. (a)

    9,133        195,994   

Fox Chase Bancorp, Inc.

    5,775        111,573   

HomeStreet, Inc. (a)

    10,511        218,734   

Kearny Financial Corp. (b)

    43,899        542,153   

LendingTree, Inc. (a) (b)

    2,772        271,046   

Meridian Bancorp, Inc.

    26,006        362,003   

Meta Financial Group, Inc.

    3,308        150,845   

MGIC Investment Corp. (a) (b)

    167,352        1,283,590   

Nationstar Mortgage Holdings, Inc. (a) (b)

    18,633        184,467   

NMI Holdings, Inc. - Class A (a)

    20,655        104,308   

Northfield Bancorp, Inc. (b)

    25,455        418,480   

Northwest Bancshares, Inc.

    47,880        646,859   

OceanFirst Financial Corp. (b)

    6,649        117,554   

Ocwen Financial Corp. (a)

    50,367        124,406   

Oritani Financial Corp.

    22,475        381,401   

PHH Corp. (a) (b)

    24,884        312,045   

Provident Financial Services, Inc.

    33,611        678,606   

Radian Group, Inc.

    89,915        1,114,946   

Territorial Bancorp, Inc.

    4,282        111,589   

TrustCo Bank Corp.

    45,137        273,530   

United Community Financial Corp. (b)

    24,319        142,753   

United Financial Bancorp, Inc.

    27,799        349,989   

Walker & Dunlop, Inc. (a)

    12,545        304,467   

Walter Investment Management Corp. (a) (b)

    19,069        145,687   

Washington Federal, Inc. (b)

    47,267        1,070,598   

Waterstone Financial, Inc.

    16,341        223,545   

WSFS Financial Corp.

    14,223        462,532   
   

 

 

 
      15,726,665   
   

 

 

 

Tobacco—0.2%

   

Universal Corp. (b)

    10,350        587,984   

Vector Group, Ltd. (b)

    42,779        977,072   
   

 

 

 
      1,565,056   
   

 

 

 

Trading Companies & Distributors—0.7%

  

Aircastle, Ltd. (b)

    31,994      711,547   

Applied Industrial Technologies, Inc.

    20,301        881,063   

Beacon Roofing Supply, Inc. (a)

    23,455        961,890   

BMC Stock Holdings, Inc. (a)

    18,212        302,683   

DXP Enterprises, Inc. (a) (b)

    6,409        112,542   

H&E Equipment Services, Inc.

    15,412        270,172   

Kaman Corp. (b)

    13,043        556,806   

MRC Global, Inc. (a)

    47,898        629,380   

Rush Enterprises, Inc. - Class A (a)

    16,786        306,177   

TAL International Group, Inc. (a) (b)

    16,976        262,109   

Textainer Group Holdings, Ltd. (b)

    10,746        159,471   

Titan Machinery, Inc. (a)

    9,106        105,265   

Univar, Inc. (a)

    18,030        309,755   

Veritiv Corp. (a) (b)

    3,938        146,730   
   

 

 

 
      5,715,590   
   

 

 

 

Transportation Infrastructure—0.1%

   

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

    29,211        420,346   
   

 

 

 

Water Utilities—0.3%

   

American States Water Co. (b)

    19,053        749,926   

Artesian Resources Corp. - Class A (b)

    3,766        105,297   

California Water Service Group (b)

    22,665        605,609   

Connecticut Water Service, Inc.

    6,707        302,486   

Middlesex Water Co. (b)

    7,497        231,283   

SJW Corp.

    7,394        268,772   

York Water Co. (The) (b)

    6,695        204,331   
   

 

 

 
      2,467,704   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

Boingo Wireless, Inc. (a)

    17,390        134,251   

Shenandoah Telecommunications Co.

    22,906        612,735   

Spok Holdings, Inc.

    11,723        205,270   
   

 

 

 
      952,256   
   

 

 

 

Total Common Stocks
(Cost $619,404,836)

      772,175,452   
   

 

 

 
Mutual Fund—3.9%                

Investment Company Security—3.9%

   

iShares Russell 2000 Index Fund (b)
(Cost $31,137,765)

    290,800        32,168,296   
   

 

 

 
Rights—0.0%                

Machinery—0.0%

   

Gerber Scientific, Inc. (a) (b) (c)

    14,024        0   
   

 

 

 

Wireless Telecommunication Services—0.0%

  

Leap Wireless International, Inc., Expires 03/13/17 (a) (c) (e)

    27,485        69,262   
   

 

 

 

Total Rights
(Cost $69,262)

      69,262   
   

 

 

 

 

MSF-213


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Warrant—0.0%

 

Security Description  

Shares/

Principal
Amount*

    Value  

Oil, Gas & Consumable Fuels—0.0%

   

Magnum Hunter Resources Corp., Expires 04/15/16 (a) (b) (c)
(Cost $0)

    8,794      $ 0   
   

 

 

 
Short-Term Investments—29.4%   

Discount Notes—1.9%

   

Fannie Mae
0.297%, 05/11/16 (f)

    975,000        974,675   

0.395%, 06/29/16 (f)

    575,000        574,440   

0.402%, 07/19/16 (f)

    3,350,000        3,345,943   

Federal Home Loan Bank
0.392%, 04/29/16 (f)

    775,000        774,759   

0.402%, 07/12/16 (f)

    2,600,000        2,597,053   

0.413%, 07/27/16 (f)

    125,000        124,833   

0.464%, 08/17/16 (f)

    2,025,000        2,021,429   

0.484%, 07/22/16 (f)

    5,050,000        5,042,448   

Freddie Mac
0.353%, 06/09/16 (f)

    850,000        849,425   
   

 

 

 
      16,305,005   
   

 

 

 

Mutual Fund—26.8%

   

State Street Navigator Securities Lending MET Portfolio (g)

    221,688,458        221,688,458   
   

 

 

 

U.S. Treasury—0.7%

   

U.S. Treasury Bills
0.222%, 04/21/16 (f)

    5,275,000        5,274,326   

0.292%, 06/02/16 (f)

    425,000        424,786   
   

 

 

 
      5,699,112   
   

 

 

 

Total Short-Term Investments
(Cost $243,692,575)

      243,692,575   
   

 

 

 

Total Investments—126.6%
(Cost $894,304,438) (h)

      1,048,105,585   

Other assets and liabilities (net)—(26.6)%

      (220,455,166
   

 

 

 
Net Assets—100.0%     $ 827,650,419   
   

 

 

 

 

* 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, 2016, the market value of securities loaned was $229,508,193 and the collateral received consisted of cash in the amount of $221,688,458 and non-cash collateral with a value of $14,253,121. 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) Illiquid security. As of March 31, 2016, these securities represent less than 0.05% of net assets.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of March 31, 2016, the market value of securities pledged was $2,717,109.
(e) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2016, these securities represent less than 0.05% of net assets.
(f) The rate shown represents current yield to maturity.
(g) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(h) As of March 31, 2016, the aggregate cost of investments was $894,304,438. The aggregate unrealized appreciation and depreciation of investments were $226,174,883 and $(72,373,736), respectively, resulting in net unrealized appreciation of $153,801,147.

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

Russell 2000 Mini Index Futures

     06/17/16         197         USD         21,050,811       $ 808,309   
              

 

 

 

 

(USD)— United States Dollar

 

MSF-214


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 10,891,636       $ —         $ —         $ 10,891,636   

Air Freight & Logistics

     3,914,877         —           —           3,914,877   

Airlines

     3,273,405         —           —           3,273,405   

Auto Components

     8,959,119         —           —           8,959,119   

Automobiles

     275,170         —           —           275,170   

Banks

     70,721,654         —           —           70,721,654   

Beverages

     1,556,550         —           —           1,556,550   

Biotechnology

     33,065,618         —           —           33,065,618   

Building Products

     8,001,444         —           —           8,001,444   

Capital Markets

     9,487,408         —           —           9,487,408   

Chemicals

     14,299,746         —           —           14,299,746   

Commercial Services & Supplies

     17,890,678         —           —           17,890,678   

Communications Equipment

     12,707,240         —           —           12,707,240   

Construction & Engineering

     6,306,335         —           —           6,306,335   

Construction Materials

     1,461,154         —           —           1,461,154   

Consumer Finance

     3,272,308         —           —           3,272,308   

Containers & Packaging

     3,008,801         —           —           3,008,801   

Distributors

     2,752,611         —           —           2,752,611   

Diversified Consumer Services

     7,748,736         —           —           7,748,736   

Diversified Financial Services

     2,900,919         —           —           2,900,919   

Diversified Telecommunication Services

     5,884,049         —           —           5,884,049   

Electric Utilities

     10,601,241         —           —           10,601,241   

Electrical Equipment

     5,496,122         —           —           5,496,122   

Electronic Equipment, Instruments & Components

     23,788,907         —           —           23,788,907   

Energy Equipment & Services

     6,989,203         —           —           6,989,203   

Food & Staples Retailing

     7,242,629         —           —           7,242,629   

Food Products

     14,593,044         —           —           14,593,044   

Gas Utilities

     11,819,191         —           —           11,819,191   

Health Care Equipment & Supplies

     30,268,548         —           —           30,268,548   

Health Care Providers & Services

     21,574,468         —           —           21,574,468   

Health Care Technology

     3,470,895         —           —           3,470,895   

Hotels, Restaurants & Leisure

     26,918,599         —           —           26,918,599   

Household Durables

     10,335,114         —           —           10,335,114   

Household Products

     1,790,840         —           —           1,790,840   

Independent Power and Renewable Electricity Producers

     3,669,507         —           —           3,669,507   

Industrial Conglomerates

     298,901         —           —           298,901   

 

MSF-215


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Insurance

   $ 18,697,788       $ —        $ —         $ 18,697,788   

Internet & Catalog Retail

     4,080,552         —          —           4,080,552   

Internet Software & Services

     16,029,695         —          —           16,029,695   

IT Services

     20,888,300         —          —           20,888,300   

Leisure Products

     2,180,390         —          —           2,180,390   

Life Sciences Tools & Services

     5,042,290         —          —           5,042,290   

Machinery

     22,543,061         —          —           22,543,061   

Marine

     808,502         —          —           808,502   

Media

     11,730,107         —          —           11,730,107   

Metals & Mining

     7,014,803         —          —           7,014,803   

Multi-Utilities

     4,323,311         —          —           4,323,311   

Multiline Retail

     1,595,348         —          —           1,595,348   

Oil, Gas & Consumable Fuels

     13,182,600         —          —           13,182,600   

Paper & Forest Products

     4,250,754         —          —           4,250,754   

Personal Products

     1,344,966         —          —           1,344,966   

Pharmaceuticals

     12,426,185         —          —           12,426,185   

Professional Services

     10,386,780         —          —           10,386,780   

Real Estate Investment Trusts

     77,281,912         —          45,766         77,327,678   

Real Estate Management & Development

     3,416,795         —          —           3,416,795   

Road & Rail

     3,972,149         —          —           3,972,149   

Semiconductors & Semiconductor Equipment

     25,967,352         —          —           25,967,352   

Software

     35,077,748         —          —           35,077,748   

Specialty Retail

     23,681,819         —          —           23,681,819   

Technology Hardware, Storage & Peripherals

     4,696,488         —          —           4,696,488   

Textiles, Apparel & Luxury Goods

     7,425,707         —          —           7,425,707   

Thrifts & Mortgage Finance

     15,726,665         —          —           15,726,665   

Tobacco

     1,565,056         —          —           1,565,056   

Trading Companies & Distributors

     5,715,590         —          —           5,715,590   

Transportation Infrastructure

     420,346         —          —           420,346   

Water Utilities

     2,467,704         —          —           2,467,704   

Wireless Telecommunication Services

     952,256         —          —           952,256   

Total Common Stocks

     772,129,686         —          45,766         772,175,452   

Total Mutual Fund*

     32,168,296         —          —           32,168,296   

Total Rights*

     —           —          69,262         69,262   

Total Warrant*

     0         —          —           0   
Short-Term Investments           

Discount Notes

     —           16,305,005        —           16,305,005   

Mutual Fund

     221,688,458         —          —           221,688,458   

U.S. Treasury

     —           5,699,112        —           5,699,112   

Total Short-Term Investments

     221,688,458         22,004,117        —           243,692,575   

Total Investments

   $ 1,025,986,440       $ 22,004,117      $ 115,028       $ 1,048,105,585   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (221,688,458   $ —         $ (221,688,458
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 808,309       $ —        $ —         $ 808,309   

 

* See Schedule of Investments for additional detailed categorizations.

 

 

MSF-216


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of March 31, 2016 (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,
2015
     Realized
Gain/(Loss)
     Change in
Unrealized
Depreciation
    Transfer
Into
Level 3
     Balance as of
March 31,
2016
     Change in Unrealized
Depreciation from
Investments Still Held at
March 31, 2016
 
Common Stock                 

Real Estate Investment Trusts

   $       $       $ (111,556   $ 157,322       $ 45,766       $ (111,556
Rights                 

Machinery

     0                 0                0         0   

Wireless Telecommunication Services

     69,262                 0                69,262         0   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 69,262       $       $ (111,556   $ 157,322       $ 115,028       $ (111,556
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Common Stock in the amount of $157,322 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.

 

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Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—97.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.4%

   

Boeing Co. (The) (a)

    250,700      $ 31,823,858   
   

 

 

 

Air Freight & Logistics—0.6%

   

FedEx Corp.

    77,100        12,545,712   
   

 

 

 

Airlines—2.9%

   

American Airlines Group, Inc.

    1,054,700        43,253,247   

United Continental Holdings, Inc. (b)

    361,300        21,627,418   
   

 

 

 
      64,880,665   
   

 

 

 

Auto Components—1.2%

   

BorgWarner, Inc. (a)

    349,000        13,401,600   

Delphi Automotive plc

    165,100        12,385,802   
   

 

 

 
      25,787,402   
   

 

 

 

Automobiles—1.6%

   

Ferrari NV (a) (b)

    246,820        10,292,394   

Tesla Motors, Inc. (a) (b)

    108,450        24,918,556   
   

 

 

 
      35,210,950   
   

 

 

 

Biotechnology—6.3%

   

Alexion Pharmaceuticals, Inc. (b)

    263,040        36,620,429   

Biogen, Inc. (b)

    57,090        14,861,669   

BioMarin Pharmaceutical, Inc. (b)

    92,200        7,604,656   

Celgene Corp. (b)

    218,734        21,893,086   

Gilead Sciences, Inc.

    211,000        19,382,460   

Incyte Corp. (a) (b)

    122,900        8,906,563   

Regeneron Pharmaceuticals, Inc. (b)

    31,950        11,516,058   

Vertex Pharmaceuticals, Inc. (b)

    228,400        18,155,516   
   

 

 

 
      138,940,437   
   

 

 

 

Capital Markets—2.4%

   

BlackRock, Inc.

    15,200        5,176,664   

Morgan Stanley

    837,000        20,933,370   

State Street Corp.

    226,600        13,260,632   

TD Ameritrade Holding Corp.

    426,100        13,434,933   
   

 

 

 
      52,805,599   
   

 

 

 

Chemicals—0.7%

   

Ashland, Inc.

    133,600        14,690,656   
   

 

 

 

Communications Equipment—0.7%

   

Palo Alto Networks, Inc. (a) (b)

    99,200        16,183,488   
   

 

 

 

Construction Materials—0.4%

   

Martin Marietta Materials, Inc. (a)

    52,100        8,310,471   
   

 

 

 

Diversified Financial Services—1.1%

   

Intercontinental Exchange, Inc.

    100,708        23,680,479   
   

 

 

 

Food & Staples Retailing—2.2%

   

Costco Wholesale Corp.

    46,900        7,390,502   

CVS Health Corp.

    165,300        17,146,569   

Walgreens Boots Alliance, Inc.

    293,400        24,716,016   
   

 

 

 
      49,253,087   
   

 

 

 

Health Care Equipment & Supplies—2.3%

  

Intuitive Surgical, Inc. (b)

    55,600      33,418,380   

Stryker Corp.

    163,300        17,520,457   
   

 

 

 
      50,938,837   
   

 

 

 

Health Care Providers & Services—6.1%

  

Aetna, Inc.

    150,500        16,908,675   

Anthem, Inc.

    215,400        29,938,446   

Cigna Corp.

    132,000        18,115,680   

Humana, Inc.

    110,613        20,236,648   

McKesson Corp.

    121,100        19,042,975   

UnitedHealth Group, Inc.

    242,000        31,193,800   
   

 

 

 
      135,436,224   
   

 

 

 

Hotels, Restaurants & Leisure—4.3%

   

Hilton Worldwide Holdings, Inc.

    554,700        12,491,844   

Las Vegas Sands Corp. (a)

    247,900        12,811,472   

Marriott International, Inc. - Class A (a)

    233,200        16,599,176   

MGM Resorts International (b)

    1,141,720        24,478,477   

Royal Caribbean Cruises, Ltd. (a)

    146,900        12,067,835   

Starbucks Corp.

    298,700        17,832,390   
   

 

 

 
      96,281,194   
   

 

 

 

Industrial Conglomerates—3.5%

   

Danaher Corp.

    615,900        58,424,274   

Roper Technologies, Inc.

    99,440        18,174,649   
   

 

 

 
      76,598,923   
   

 

 

 

Internet & Catalog Retail—11.3%

  

Amazon.com, Inc. (b)

    254,705        151,203,076   

Netflix, Inc. (a) (b)

    162,700        16,632,821   

Priceline Group, Inc. (The) (b)

    64,340        82,931,687   
   

 

 

 
      250,767,584   
   

 

 

 

Internet Software & Services—13.8%

   

Alibaba Group Holding, Ltd. (ADR) (a) (b)

    84,756        6,698,267   

Alphabet, Inc. - Class A (b)

    103,670        79,089,843   

Alphabet, Inc. - Class C (b)

    92,602        68,983,860   

Dropbox, Inc. - Class A (b) (c) (d)

    214,763        1,698,775   

Facebook, Inc. - Class A (b)

    782,000        89,226,200   

LinkedIn Corp. - Class A (b)

    64,920        7,423,602   

Tencent Holdings, Ltd.

    1,496,285        30,584,737   

VeriSign, Inc. (a) (b)

    239,700        21,223,038   
   

 

 

 
      304,928,322   
   

 

 

 

IT Services—6.2%

   

Fiserv, Inc. (b)

    143,200        14,689,456   

MasterCard, Inc. - Class A

    576,400        54,469,800   

PayPal Holdings, Inc. (b)

    369,400        14,258,840   

Visa, Inc. - Class A (a)

    714,220        54,623,546   
   

 

 

 
      138,041,642   
   

 

 

 

Life Sciences Tools & Services—0.3%

  

Illumina, Inc. (b)

    41,200        6,678,932   
   

 

 

 

 

MSF-218


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Machinery—1.4%

   

Flowserve Corp. (a)

    230,581      $ 10,240,102   

Wabtec Corp. (a)

    272,600        21,614,454   
   

 

 

 
      31,854,556   
   

 

 

 

Media—0.6%

   

Walt Disney Co. (The)

    126,546        12,567,283   
   

 

 

 

Pharmaceuticals—4.6%

   

Allergan plc (b)

    233,483        62,580,448   

Bristol-Myers Squibb Co.

    627,500        40,084,700   
   

 

 

 
      102,665,148   
   

 

 

 

Professional Services—0.2%

   

IHS, Inc. - Class A (b)

    40,600        5,040,896   
   

 

 

 

Real Estate Investment Trusts—2.6%

   

American Tower Corp.

    387,500        39,668,375   

Crown Castle International Corp.

    201,478        17,427,847   
   

 

 

 
      57,096,222   
   

 

 

 

Real Estate Management & Development—0.0%

  

WeWork Cos., Inc. - Class A (b) (c) (d)

    7,199        270,999   
   

 

 

 

Road & Rail—0.7%

   

Canadian Pacific Railway, Ltd.

    93,700        12,433,053   

Kansas City Southern

    33,900        2,896,755   
   

 

 

 
      15,329,808   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.5%

  

ASML Holding NV (a)

    152,500        15,309,475   

NXP Semiconductors NV (b)

    231,900        18,800,133   
   

 

 

 
      34,109,608   
   

 

 

 

Software—6.2%

   

Microsoft Corp.

    1,223,700        67,584,951   

Mobileye NV (a) (b)

    531,800        19,830,822   

NetSuite, Inc. (a) (b)

    147,700        10,115,973   

Salesforce.com, Inc. (b)

    390,060        28,798,130   

ServiceNow, Inc. (a) (b)

    196,800        12,040,224   
   

 

 

 
      138,370,100   
   

 

 

 

Specialty Retail—4.0%

   

AutoZone, Inc. (a) (b)

    29,740        23,693,560   

CarMax, Inc. (a) (b)

    165,900        8,477,490   

Lowe’s Cos., Inc.

    345,600        26,179,200   

Ross Stores, Inc.

    201,800        11,684,220   

Tractor Supply Co.

    216,582        19,592,008   
   

 

 

 
      89,626,478   
   

 

 

 

Technology Hardware, Storage & Peripherals—2.6%

  

Apple, Inc.

    519,240        56,591,968   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.8%

  

Hanesbrands, Inc.

    668,700        18,950,958   

Textiles, Apparel & Luxury Goods—(Continued)

  

NIKE, Inc. - Class B

    354,500      21,791,115   
   

 

 

 
      40,742,073   
   

 

 

 

Tobacco—1.2%

   

Philip Morris International, Inc.

    263,100        25,812,741   
   

 

 

 

Wireless Telecommunication Services—0.5%

  

T-Mobile U.S., Inc. (b)

    272,300        10,429,090   
   

 

 

 

Total Common Stocks
(Cost $1,715,047,863)

      2,154,291,432   
   

 

 

 
Convertible Preferred Stocks—0.9%   

Internet Software & Services—0.5%

  

Airbnb, Inc. - Series D (b) (c) (d)

    97,047        7,124,220   

Airbnb, Inc. - Series E (b) (c) (d)

    9,760        716,482   

Living Social, Inc. - Class F (b) (c) (d)

    101,591        0   

Xiaoju Kuaizhi, Inc. - Series A-17 (b) (c) (d)

    91,053        2,784,082   
   

 

 

 
      10,624,784   
   

 

 

 

Real Estate Management & Development—0.1%

  

WeWork Cos., Inc. - Series E (b) (c) (d)

    64,744        2,437,223   
   

 

 

 

Software—0.3%

   

Magic Leap, Inc. - Series C (b) (c) (d)

    124,428        2,865,950   

UBER Technologies, Inc. - Series G (b) (c) (d)

    98,227        4,503,708   
   

 

 

 
      7,369,658   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $17,924,251)

      20,431,665   
   

 

 

 
Short-Term Investments—10.1%   

Mutual Funds—10.1%

   

State Street Navigator Securities Lending MET Portfolio (e)

    175,902,743        175,902,743   

T. Rowe Price Government Reserve Investment Fund (f)

    47,671,496        47,671,496   
   

 

 

 

Total Short-Term Investments
(Cost $223,574,239)

      223,574,239   
   

 

 

 

Total Investments—108.2%
(Cost $1,956,546,353) (g)

      2,398,297,336   

Other assets and liabilities (net)—(8.2)%

      (181,013,358
   

 

 

 
Net Assets—100.0%     $ 2,217,283,978   
   

 

 

 

 

(a) All or a portion of the security was held on loan. As of March 31, 2016, the market value of securities loaned was $285,835,278 and the collateral received consisted of cash in the amount of $175,902,743 and non-cash collateral with a value of $115,635,511. 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.

 

MSF-219


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

(b) Non-income producing security.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2016, these securities represent 1.0% 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, 2016, the market value of restricted securities was $22,401,439, which is 1.0% of net assets. See details shown in the Restricted Securities table that follows.
(e) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(f) Affiliated Issuer.
(g) As of March 31, 2016, the aggregate cost of investments was $1,956,546,353. The aggregate unrealized appreciation and depreciation of investments were $487,610,327 and $(45,859,344), respectively, resulting in net unrealized appreciation of $441,750,983.
(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  

Airbnb, Inc. - Series D

     04/16/14         97,047       $ 3,951,077       $ 7,124,220   

Airbnb, Inc. - Series E

     07/14/15         9,760         908,601         716,482   

Dropbox, Inc. - Class A

     11/07/14         214,763         4,102,231         1,698,775   

Living Social, Inc. - Class F

     11/18/11         101,591         781,235         0   

Magic Leap, Inc. - Series C

     01/20/16         124,428         2,865,950         2,865,950   

UBER Technologies, Inc. - Series G

     12/03/15         98,227         4,790,750         4,503,708   

WeWork Cos., Inc. - Class A

     06/23/15         7,199         236,772         270,999   

WeWork Cos., Inc. - Series E

     06/23/15         64,744         2,129,403         2,437,223   

Xiaoju Kuaizhi, Inc. - Series A-17

     10/19/15         91,053         2,497,238         2,784,082   
           

 

 

 
            $ 22,401,439   
           

 

 

 

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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 31,823,858       $ —         $ —         $ 31,823,858   

Air Freight & Logistics

     12,545,712         —           —           12,545,712   

Airlines

     64,880,665         —           —           64,880,665   

Auto Components

     25,787,402         —           —           25,787,402   

Automobiles

     35,210,950         —           —           35,210,950   

Biotechnology

     138,940,437         —           —           138,940,437   

Capital Markets

     52,805,599         —           —           52,805,599   

 

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Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Chemicals

   $ 14,690,656       $ —        $ —         $ 14,690,656   

Communications Equipment

     16,183,488         —          —           16,183,488   

Construction Materials

     8,310,471         —          —           8,310,471   

Diversified Financial Services

     23,680,479         —          —           23,680,479   

Food & Staples Retailing

     49,253,087         —          —           49,253,087   

Health Care Equipment & Supplies

     50,938,837         —          —           50,938,837   

Health Care Providers & Services

     135,436,224         —          —           135,436,224   

Hotels, Restaurants & Leisure

     96,281,194         —          —           96,281,194   

Industrial Conglomerates

     76,598,923         —          —           76,598,923   

Internet & Catalog Retail

     250,767,584         —          —           250,767,584   

Internet Software & Services

     272,644,810         30,584,737        1,698,775         304,928,322   

IT Services

     138,041,642         —          —           138,041,642   

Life Sciences Tools & Services

     6,678,932         —          —           6,678,932   

Machinery

     31,854,556         —          —           31,854,556   

Media

     12,567,283         —          —           12,567,283   

Pharmaceuticals

     102,665,148         —          —           102,665,148   

Professional Services

     5,040,896         —          —           5,040,896   

Real Estate Investment Trusts

     57,096,222         —          —           57,096,222   

Real Estate Management & Development

     —           —          270,999         270,999   

Road & Rail

     15,329,808         —          —           15,329,808   

Semiconductors & Semiconductor Equipment

     34,109,608         —          —           34,109,608   

Software

     138,370,100         —          —           138,370,100   

Specialty Retail

     89,626,478         —          —           89,626,478   

Technology Hardware, Storage & Peripherals

     56,591,968         —          —           56,591,968   

Textiles, Apparel & Luxury Goods

     40,742,073         —          —           40,742,073   

Tobacco

     25,812,741         —          —           25,812,741   

Wireless Telecommunication Services

     10,429,090         —          —           10,429,090   

Total Common Stocks

     2,121,736,921         30,584,737        1,969,774         2,154,291,432   

Total Convertible Preferred Stocks*

     —           —          20,431,665         20,431,665   

Total Short-Term Investments*

     223,574,239         —          —           223,574,239   

Total Investments

   $ 2,345,311,160       $ 30,584,737      $ 22,401,439       $ 2,398,297,336   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (175,902,743   $ —         $ (175,902,743

 

* 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, 2015
     Change in
Unrealized
Appreciation/
Depreciation
    Purchases      Balance as of
March 31, 2016
     Change in Unrealized
Appreciation/Depreciation
from Investments Still Held at
March 31, 2016
 
Common Stock              

Internet Software & Services

   $ 2,018,772       $ (319,997   $ —         $ 1,698,775       $ (319,997

Real Estate Management & Development

     236,772         34,227        —           270,999         34,227   
Convertible Preferred Stocks              

Internet Software & Services

     11,718,487         (1,093,703     —           10,624,784         (1,093,703

Real Estate Management & Development

     2,129,403         307,820        —           2,437,223         307,820   

Software

     4,790,750         (287,042     2,865,950         7,369,658         (287,042
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 20,894,184       $ (1,358,695   $ 2,865,950       $ 22,401,439       $ (1,358,695
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

MSF-221


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

 

    Fair Value at
March 31, 2016
    Valuation
Technique(s)
  Unobservable Input   Range     Weighted
Average
    Relationship Between
Fair Value and Input;
if input value increases
then Fair Value:
Common Stock              

Internet Software & Services

    $1,698,775      Merger & Acquisition
Transaction
  Enterprise Value/
Revenue
    8.0x        8.0x        8.0x      Increase
    Comparable Company
Analysis
  Enterprise Value/
Revenue
    4.7x        4.7x        4.7x      Increase
      Discount for Lack of
Marketability
    10.00%        10.00%        10.00%      Decrease

Real Estate
Management
& Development

    270,999      Market Transaction Method   Precedent Transaction     $50.19        $50.19        $50.19      Increase
      Discount for Lack of
Marketability
    25.00%        25.00%        25.00%      Decrease
Convertible Preferred
Stocks
             

Internet Software & Services

    7,840,702      Discounted Cash Flow   Weighted Average Cost
of Capital
    17.00%        19.00%        18.00%      Decrease
      Perpetual Growth Rate     3.00%        4.00%        3.50%      Increase
    Comparable Company
Analysis
  Enterprise Value/
Revenue
    15.9x        15.9x        15.9x      Increase
      Discount for Lack of
Marketability
    20.00%        20.00%        20.00%      Decrease
    0      Asset Approach   Liquidation Value     $0.00        $0.00        $0.00      Increase
    2,784,082      Market Transaction Method   Precedent Transaction     $30.58        $30.58        $30.58      Increase

Real Estate
Management
& Development

    2,437,223      Market Transaction Method   Precedent Transaction     $50.19        $50.19        $50.19      Increase
      Discount for Lack of
Marketability
    25.00%        25.00%        25.00%      Decrease

Software

    2,865,950      Market Transaction Method   Precedent Transaction     $23.03        $23.03        $23.03      Increase
    4,503,708      Market Transaction Method   Precedent Transaction     $48.77        $48.77        $48.77      Increase
      Discount for Industry
Performance
    6.00%        6.00%        6.00%      Decrease

 

MSF-222


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—99.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.9%

   

Aerojet Rocketdyne Holdings, Inc. (a) (b)

    163,400      $ 2,676,492   

Esterline Technologies Corp. (a)

    23,900        1,531,273   

HEICO Corp. - Class A

    124,481        5,925,296   

Hexcel Corp.

    121,300        5,302,023   

Teledyne Technologies, Inc. (a)

    91,300        8,047,182   
   

 

 

 
      23,482,266   
   

 

 

 

Airlines—0.6%

   

Allegiant Travel Co.

    19,400        3,454,364   

Spirit Airlines, Inc. (a) (b)

    72,400        3,473,752   
   

 

 

 
      6,928,116   
   

 

 

 

Auto Components—0.7%

   

Gentherm, Inc. (a)

    80,000        3,327,200   

Tenneco, Inc. (a)

    93,100        4,795,581   
   

 

 

 
      8,122,781   
   

 

 

 

Banks—1.1%

   

Signature Bank (a)

    60,000        8,167,200   

SVB Financial Group (a)

    45,100        4,602,455   

Texas Capital Bancshares, Inc. (a)

    25,600        982,528   
   

 

 

 
      13,752,183   
   

 

 

 

Beverages—0.5%

   

Boston Beer Co., Inc. (The) - Class A (a) (b)

    30,087        5,568,201   
   

 

 

 

Biotechnology—5.2%

   

ACADIA Pharmaceuticals, Inc. (a) (b)

    102,000        2,851,920   

Acceleron Pharma, Inc. (a) (b)

    34,100        899,899   

Acorda Therapeutics, Inc. (a) (b)

    45,900        1,214,055   

Agios Pharmaceuticals, Inc. (a) (b)

    22,100        897,260   

Alkermes plc (a)

    53,000        1,812,070   

Alnylam Pharmaceuticals, Inc. (a)

    30,400        1,908,208   

AMAG Pharmaceuticals, Inc. (a)

    54,400        1,272,960   

Anacor Pharmaceuticals, Inc. (a) (b)

    43,400        2,319,730   

BioMarin Pharmaceutical, Inc. (a)

    26,900        2,218,712   

Bluebird Bio, Inc. (a) (b)

    33,400        1,419,500   

Cepheid, Inc. (a) (b)

    88,200        2,942,352   

Clovis Oncology, Inc. (a) (b)

    12,000        230,400   

Dyax Corp.

    132,100        146,631   

Exelixis, Inc. (a) (b)

    272,300        1,089,200   

Incyte Corp. (a) (b)

    63,600        4,609,092   

Insmed, Inc. (a) (b)

    150,000        1,900,500   

Insys Therapeutics, Inc. (a) (b)

    42,800        684,372   

Ionis Pharmaceuticals, Inc. (a) (b)

    58,800        2,381,400   

Ligand Pharmaceuticals, Inc. (a) (b)

    46,900        5,022,521   

Medivation, Inc. (a)

    22,300        1,025,354   

Neurocrine Biosciences, Inc. (a)

    151,700        5,999,735   

Novavax, Inc. (a) (b)

    332,700        1,716,732   

Ophthotech Corp. (a) (b)

    28,400        1,200,468   

Opko Health, Inc. (a) (b)

    260,400        2,705,556   

Prothena Corp. plc (a) (b)

    41,800        1,720,488   

Puma Biotechnology, Inc. (a) (b)

    17,500        513,975   

Regulus Therapeutics, Inc. (a) (b)

    34,200        237,006   

Repligen Corp. (a) (b)

    56,400        1,512,648   

Biotechnology—(Continued)

   

Seattle Genetics, Inc. (a) (b)

    59,700      2,094,873   

Spark Therapeutics, Inc. (a)

    31,000        914,810   

TESARO, Inc. (a) (b)

    40,500        1,783,215   

Ultragenyx Pharmaceutical, Inc. (a) (b)

    31,000        1,962,610   

United Therapeutics Corp. (a) (b)

    31,900        3,554,617   
   

 

 

 
      62,762,869   
   

 

 

 

Building Products—1.2%

   

AAON, Inc.

    135,499        3,793,972   

Lennox International, Inc. (b)

    72,900        9,855,351   

Patrick Industries, Inc. (a)

    28,900        1,311,771   
   

 

 

 
      14,961,094   
   

 

 

 

Capital Markets—1.0%

   

Affiliated Managers Group, Inc. (a)

    10,149        1,648,198   

E*Trade Financial Corp. (a)

    222,760        5,455,392   

Financial Engines, Inc. (b)

    73,900        2,322,677   

Waddell & Reed Financial, Inc. - Class A (b)

    117,900        2,775,366   
   

 

 

 
      12,201,633   
   

 

 

 

Chemicals—1.9%

   

GCP Applied Technologies, Inc. (a)

    130,300        2,598,182   

Minerals Technologies, Inc.

    54,200        3,081,270   

NewMarket Corp. (b)

    17,800        7,053,428   

PolyOne Corp.

    181,300        5,484,325   

Stepan Co.

    40,700        2,250,303   

WR Grace & Co. (a)

    36,800        2,619,424   
   

 

 

 
      23,086,932   
   

 

 

 

Commercial Services & Supplies—2.2%

   

Clean Harbors, Inc. (a) (b)

    58,400        2,881,456   

Healthcare Services Group, Inc. (b)

    136,600        5,028,246   

Rollins, Inc.

    258,825        7,019,334   

Team, Inc. (a)

    47,900        1,455,202   

U.S. Ecology, Inc.

    97,300        4,296,768   

Waste Connections, Inc.

    73,300        4,734,447   

West Corp.

    66,300        1,512,966   
   

 

 

 
      26,928,419   
   

 

 

 

Communications Equipment—1.2%

   

ARRIS International plc (a) (b)

    213,500        4,893,420   

EchoStar Corp. - Class A (a)

    57,000        2,524,530   

NetScout Systems, Inc. (a) (b)

    96,000        2,205,120   

Plantronics, Inc.

    81,200        3,182,228   

Polycom, Inc. (a)

    116,686        1,301,049   
   

 

 

 
      14,106,347   
   

 

 

 

Construction & Engineering—0.2%

   

Valmont Industries, Inc.

    21,700        2,687,328   
   

 

 

 

Consumer Finance—0.2%

   

PRA Group, Inc. (a) (b)

    87,200        2,562,808   
   

 

 

 

 

MSF-223


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Containers & Packaging—1.2%

   

Berry Plastics Group, Inc. (a)

    237,500      $ 8,585,625   

Graphic Packaging Holding Co.

    498,800        6,409,580   
   

 

 

 
      14,995,205   
   

 

 

 

Distributors—0.8%

   

Pool Corp.

    108,700        9,537,338   
   

 

 

 

Diversified Consumer Services—1.6%

   

Capella Education Co.

    50,100        2,637,264   

Service Corp. International

    261,800        6,461,224   

ServiceMaster Global Holdings, Inc. (a)

    237,200        8,937,696   

Sotheby’s (b)

    53,000        1,416,690   
   

 

 

 
      19,452,874   
   

 

 

 

Diversified Financial Services—2.8%

   

CBOE Holdings, Inc.

    142,900        9,335,657   

FactSet Research Systems, Inc.

    38,900        5,894,517   

MarketAxess Holdings, Inc.

    87,300        10,897,659   

MSCI, Inc.

    98,978        7,332,290   

NewStar Financial, Inc. (a)

    46,691        408,547   
   

 

 

 
      33,868,670   
   

 

 

 

Electrical Equipment—1.1%

   

Acuity Brands, Inc.

    35,100        7,656,714   

AZZ, Inc.

    57,600        3,260,160   

Generac Holdings, Inc. (a) (b)

    56,700        2,111,508   
   

 

 

 
      13,028,382   
   

 

 

 

Electronic Equipment, Instruments & Components—2.1%

  

Anixter International, Inc. (a)

    54,800        2,855,628   

Cognex Corp.

    134,100        5,223,195   

Coherent, Inc. (a)

    66,500        6,111,350   

FEI Co.

    71,600        6,373,116   

OSI Systems, Inc. (a)

    55,100        3,608,499   

VeriFone Systems, Inc. (a)

    61,800        1,745,232   
   

 

 

 
      25,917,020   
   

 

 

 

Energy Equipment & Services—0.7%

   

Atwood Oceanics, Inc. (b)

    28,300        259,511   

Core Laboratories NV (b)

    12,900        1,450,089   

Dril-Quip, Inc. (a)

    52,600        3,185,456   

Oceaneering International, Inc.

    57,000        1,894,680   

Oil States International, Inc. (a)

    40,400        1,273,408   

Tesco Corp.

    74,900        644,889   
   

 

 

 
      8,708,033   
   

 

 

 

Food & Staples Retailing—1.3%

   

Casey’s General Stores, Inc.

    106,400        12,057,248   

Rite Aid Corp. (a)

    485,800        3,959,270   
   

 

 

 
      16,016,518   
   

 

 

 

Food Products—2.0%

   

Cal-Maine Foods, Inc. (b)

    87,500        4,542,125   

J&J Snack Foods Corp.

    89,900        9,734,372   

Food Products—(Continued)

   

Post Holdings, Inc. (a)

    65,300      4,490,681   

TreeHouse Foods, Inc. (a)

    70,600        6,124,550   
   

 

 

 
      24,891,728   
   

 

 

 

Health Care Equipment & Supplies—5.0%

  

 

Abaxis, Inc.

    54,100        2,455,599   

Align Technology, Inc. (a) (b)

    128,500        9,340,665   

Cantel Medical Corp.

    71,300        5,087,968   

Cooper Cos., Inc. (The) (b)

    25,600        3,941,632   

DENTSPLY SIRONA, Inc.

    26,496        1,632,948   

DexCom, Inc. (a)

    99,100        6,729,881   

Halyard Health, Inc. (a)

    80,800        2,321,384   

HeartWare International, Inc. (a) (b)

    2,700        84,834   

ICU Medical, Inc. (a)

    51,100        5,319,510   

IDEXX Laboratories, Inc. (a) (b)

    54,500        4,268,440   

Inogen, Inc. (a)

    64,700        2,910,206   

Masimo Corp. (a)

    103,000        4,309,520   

Natus Medical, Inc. (a)

    106,600        4,096,638   

West Pharmaceutical Services, Inc.

    126,100        8,741,252   
   

 

 

 
      61,240,477   
   

 

 

 

Health Care Providers & Services—3.7%

  

 

Air Methods Corp. (a) (b)

    47,100        1,705,962   

Centene Corp. (a) (b)

    149,587        9,210,072   

Chemed Corp. (b)

    38,900        5,269,005   

Corvel Corp. (a)

    67,800        2,672,676   

HealthSouth Corp.

    107,300        4,037,699   

MEDNAX, Inc. (a)

    61,600        3,980,592   

Surgical Care Affiliates, Inc. (a)

    77,400        3,582,072   

Team Health Holdings, Inc. (a) (b)

    123,900        5,180,259   

U.S. Physical Therapy, Inc. (b)

    81,600        4,057,968   

WellCare Health Plans, Inc. (a)

    56,500        5,240,375   
   

 

 

 
      44,936,680   
   

 

 

 

Health Care Technology—0.3%

   

athenahealth, Inc. (a) (b)

    10,500        1,457,190   

Omnicell, Inc. (a)

    99,200        2,764,704   
   

 

 

 
      4,221,894   
   

 

 

 

Hotels, Restaurants & Leisure—6.9%

   

Brinker International, Inc. (b)

    141,000        6,478,950   

Buffalo Wild Wings, Inc. (a) (b)

    26,700        3,954,804   

Cheesecake Factory, Inc. (The) (b)

    50,900        2,702,281   

Choice Hotels International, Inc.

    93,400        5,048,270   

Churchill Downs, Inc.

    36,800        5,441,984   

Denny’s Corp. (a)

    551,500        5,713,540   

Diamond Resorts International, Inc. (a) (b)

    215,300        5,231,790   

Domino’s Pizza, Inc.

    111,000        14,636,460   

Jack in the Box, Inc.

    82,200        5,250,114   

Marriott Vacations Worldwide Corp.

    106,400        7,182,000   

Red Robin Gourmet Burgers, Inc. (a)

    33,200        2,140,404   

Six Flags Entertainment Corp. (b)

    110,400        6,126,096   

Vail Resorts, Inc.

    102,400        13,690,880   
   

 

 

 
      83,597,573   
   

 

 

 

 

MSF-224


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Durables—0.8%

   

Helen of Troy, Ltd. (a) (b)

    99,100      $ 10,275,679   
   

 

 

 

Household Products—0.4%

   

Spectrum Brands Holdings, Inc. (b)

    50,000        5,464,000   
   

 

 

 

Insurance—0.4%

   

Amtrust Financial Services, Inc. (b)

    211,156        5,464,717   
   

 

 

 

Internet & Catalog Retail—1.8%

   

HSN, Inc.

    138,000        7,218,780   

Liberty TripAdvisor Holdings, Inc. - Class A (a)

    176,300        3,906,808   

Liberty Ventures - Series A (a)

    211,000        8,254,320   

Shutterfly, Inc. (a) (b)

    52,400        2,429,788   
   

 

 

 
      21,809,696   
   

 

 

 

Internet Software & Services—2.6%

   

comScore, Inc. (a) (b)

    96,700        2,904,868   

CoStar Group, Inc. (a)

    26,000        4,892,420   

Envestnet, Inc. (a) (b)

    89,800        2,442,560   

j2 Global, Inc. (b)

    60,300        3,713,274   

LogMeIn, Inc. (a)

    55,800        2,815,668   

MercadoLibre, Inc.

    19,500        2,298,075   

Stamps.com, Inc. (a)

    47,600        5,058,928   

WebMD Health Corp. (a) (b)

    114,500        7,171,135   
   

 

 

 
      31,296,928   
   

 

 

 

IT Services—7.2%

   

Blackhawk Network Holdings, Inc. (a) (b)

    91,400        3,135,020   

Booz Allen Hamilton Holding Corp.

    164,700        4,987,116   

Broadridge Financial Solutions, Inc.

    145,900        8,653,329   

Cardtronics, Inc. (a) (b)

    131,200        4,721,888   

CoreLogic, Inc. (a)

    177,000        6,141,900   

DST Systems, Inc.

    65,000        7,330,050   

EPAM Systems, Inc. (a)

    17,400        1,299,258   

Euronet Worldwide, Inc. (a)

    102,200        7,574,042   

Gartner, Inc. (a)

    81,600        7,290,960   

Heartland Payment Systems, Inc.

    86,460        8,349,442   

Jack Henry & Associates, Inc.

    57,500        4,862,775   

MAXIMUS, Inc.

    221,000        11,633,440   

Perficient, Inc. (a)

    50,000        1,086,000   

Travelport Worldwide, Ltd.

    156,400        2,136,424   

WEX, Inc. (a)

    98,300        8,194,288   
   

 

 

 
      87,395,932   
   

 

 

 

Leisure Products—0.6%

   

Brunswick Corp.

    123,900        5,944,722   

Polaris Industries, Inc. (b)

    15,400        1,516,592   
   

 

 

 
      7,461,314   
   

 

 

 

Life Sciences Tools & Services—3.1%

   

Affymetrix, Inc. (a) (b)

    214,900        3,010,749   

Bio-Rad Laboratories, Inc. - Class A (a)

    33,300        4,552,776   

Bruker Corp.

    144,100        4,034,800   

Cambrex Corp. (a)

    121,300        5,337,200   

Charles River Laboratories International, Inc. (a)

    52,800        4,009,632   

Life Sciences Tools & Services—(Continued)

  

INC Research Holdings, Inc. - Class A (a)

    102,800      4,236,388   

Mettler-Toledo International, Inc. (a)

    4,100        1,413,516   

PAREXEL International Corp. (a)

    92,200        5,783,706   

VWR Corp. (a)

    195,400        5,287,524   
   

 

 

 
      37,666,291   
   

 

 

 

Machinery—5.1%

   

Actuant Corp. - Class A

    34,500        852,495   

Chart Industries, Inc. (a)

    30,200        655,944   

Graco, Inc. (b)

    83,600        7,019,056   

Hyster-Yale Materials Handling, Inc.

    20,894        1,391,540   

IDEX Corp.

    40,200        3,331,776   

John Bean Technologies Corp.

    145,500        8,207,655   

Lincoln Electric Holdings, Inc.

    46,700        2,735,219   

Middleby Corp. (The) (a)

    90,600        9,673,362   

Nordson Corp. (b)

    59,900        4,554,796   

Standex International Corp.

    25,200        1,960,812   

Sun Hydraulics Corp. (b)

    49,100        1,629,629   

Toro Co. (The)

    129,200        11,126,704   

Wabtec Corp. (b)

    65,200        5,169,708   

Woodward, Inc.

    62,500        3,251,250   
   

 

 

 
      61,559,946   
   

 

 

 

Marine—0.3%

   

Kirby Corp. (a)

    53,500        3,225,515   
   

 

 

 

Media—1.7%

   

Cable One, Inc. (b)

    12,000        5,245,560   

Eros International plc (a) (b)

    70,300        809,153   

Gray Television, Inc. (a)

    190,200        2,229,144   

John Wiley & Sons, Inc. - Class A

    10,700        523,123   

Live Nation Entertainment, Inc. (a)

    308,400        6,880,404   

Starz - Class A (a)

    189,500        4,989,535   
   

 

 

 
      20,676,919   
   

 

 

 

Metals & Mining—0.2%

   

Compass Minerals International, Inc. (b)

    24,900        1,764,414   

Worthington Industries, Inc.

    26,200        933,768   
   

 

 

 
      2,698,182   
   

 

 

 

Multiline Retail—0.4%

   

Big Lots, Inc. (b)

    114,100        5,167,589   
   

 

 

 

Oil, Gas & Consumable Fuels—2.3%

   

Carrizo Oil & Gas, Inc. (a)

    101,100        3,126,012   

Diamondback Energy, Inc. (a) (b)

    85,900        6,629,762   

Gran Tierra Energy, Inc. (a)

    179,500        443,365   

Matador Resources Co. (a) (b)

    207,700        3,937,992   

PDC Energy, Inc. (a) (b)

    87,600        5,207,820   

SemGroup Corp. - Class A

    47,500        1,064,000   

World Fuel Services Corp.

    147,400        7,160,692   
   

 

 

 
      27,569,643   
   

 

 

 

Paper & Forest Products—0.2%

   

Clearwater Paper Corp. (a)

    18,800        911,988   

 

MSF-225


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Paper & Forest Products—(Continued)

  

 

KapStone Paper and Packaging Corp.

    112,500      $ 1,558,125   
   

 

 

 
      2,470,113   
   

 

 

 

Personal Products—0.1%

   

Nu Skin Enterprises, Inc. - Class A (b)

    25,400        971,550   
   

 

 

 

Pharmaceuticals—2.1%

   

Akorn, Inc. (a) (b)

    110,800        2,607,124   

Innoviva, Inc. (b)

    62,900        791,911   

Jazz Pharmaceuticals plc (a)

    8,000        1,044,400   

Mallinckrodt plc (a)

    12,176        746,145   

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

    72,600        2,306,502   

Nektar Therapeutics (a) (b)

    111,100        1,527,625   

Pacira Pharmaceuticals, Inc. (a) (b)

    35,400        1,875,492   

Phibro Animal Health Corp. - Class A (b)

    122,700        3,317,808   

Prestige Brands Holdings, Inc. (a)

    167,600        8,948,164   

TherapeuticsMD, Inc. (a) (b)

    233,600        1,495,040   

Theravance Biopharma, Inc. (a) (b)

    23,914        449,583   
   

 

 

 
      25,109,794   
   

 

 

 

Professional Services—1.2%

   

Dun & Bradstreet Corp. (The)

    44,600        4,597,368   

Exponent, Inc.

    110,300        5,626,403   

Huron Consulting Group, Inc. (a)

    74,000        4,306,060   

TriNet Group, Inc. (a)

    14,700        210,945   
   

 

 

 
      14,740,776   
   

 

 

 

Real Estate Investment Trusts—3.0%

   

CoreSite Realty Corp.

    86,800        6,076,868   

CubeSmart

    103,900        3,459,870   

CyrusOne, Inc.

    141,700        6,468,605   

Equity Lifestyle Properties, Inc.

    134,500        9,782,185   

FelCor Lodging Trust, Inc. (b)

    547,300        4,444,076   

Forest City Realty Trust, Inc. - Class A

    229,800        4,846,482   

Pebblebrook Hotel Trust (b)

    59,900        1,741,293   
   

 

 

 
      36,819,379   
   

 

 

 

Real Estate Management & Development—0.6%

  

Jones Lang LaSalle, Inc.

    27,500        3,226,300   

Kennedy-Wilson Holdings, Inc. (b)

    166,643        3,649,482   
   

 

 

 
      6,875,782   
   

 

 

 

Road & Rail—1.4%

   

AMERCO

    16,000        5,716,960   

Avis Budget Group, Inc. (a)

    54,100        1,480,176   

Landstar System, Inc. (b)

    46,700        3,017,287   

Old Dominion Freight Line, Inc. (a) (b)

    102,350        7,125,607   
   

 

 

 
      17,340,030   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.8%

  

Cabot Microelectronics Corp.

    38,700        1,583,217   

Cavium, Inc. (a) (b)

    75,300        4,605,348   

Cirrus Logic, Inc. (a)

    90,900        3,309,669   

Diodes, Inc. (a)

    59,200        1,189,920   

Integrated Device Technology, Inc. (a)

    202,700        4,143,188   

Semiconductors & Semiconductor Equipment—(Continued)

  

Microsemi Corp. (a)

    202,800      7,769,268   

Synaptics, Inc. (a) (b)

    100,300        7,997,922   

Teradyne, Inc.

    134,000        2,893,060   
   

 

 

 
      33,491,592   
   

 

 

 

Software—7.8%

   

ACI Worldwide, Inc. (a)

    210,600        4,378,374   

Aspen Technology, Inc. (a) (b)

    139,300        5,032,909   

Blackbaud, Inc.

    116,300        7,314,107   

CommVault Systems, Inc. (a)

    16,400        707,988   

Computer Modelling Group, Ltd.

    240,700        1,879,267   

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

    175,600        3,425,956   

Fair Isaac Corp.

    76,000        8,062,840   

Fortinet, Inc. (a)

    194,000        5,942,220   

Manhattan Associates, Inc. (a)

    171,300        9,741,831   

Monotype Imaging Holdings, Inc.

    80,705        1,930,463   

Pegasystems, Inc.

    148,900        3,779,082   

Proofpoint, Inc. (a) (b)

    82,300        4,426,094   

PTC, Inc. (a)

    172,200        5,710,152   

SS&C Technologies Holdings, Inc. (b)

    157,800        10,007,676   

Take-Two Interactive Software, Inc. (a)

    62,700        2,361,909   

Tyler Technologies, Inc. (a)

    86,000        11,060,460   

Ultimate Software Group, Inc. (The) (a) (b)

    47,600        9,210,600   
   

 

 

 
      94,971,928   
   

 

 

 

Specialty Retail—3.2%

   

Aaron’s, Inc.

    22,600        567,260   

Ascena Retail Group, Inc. (a)

    29,900        330,694   

Buckle, Inc. (The) (b)

    28,200        955,134   

Burlington Stores, Inc. (a) (b)

    204,700        11,512,328   

Chico’s FAS, Inc.

    63,600        843,972   

Children’s Place, Inc. (The)

    22,800        1,903,116   

DSW, Inc. - Class A (b)

    32,000        884,480   

Monro Muffler Brake, Inc. (b)

    129,300        9,241,071   

Murphy USA, Inc. (a)

    132,800        8,160,560   

Sally Beauty Holdings, Inc. (a)

    154,000        4,986,520   
   

 

 

 
      39,385,135   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.0%

  

Carter’s, Inc.

    98,400        10,369,392   

Deckers Outdoor Corp. (a)

    16,700        1,000,497   

G-III Apparel Group, Ltd. (a)

    108,800        5,319,232   

Steven Madden, Ltd. (a)

    190,800        7,067,232   
   

 

 

 
      23,756,353   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

  

MGIC Investment Corp. (a)

    478,100        3,667,027   

Radian Group, Inc.

    281,700        3,493,080   
   

 

 

 
      7,160,107   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Beacon Roofing Supply, Inc. (a)

    60,300        2,472,903   
   

 

 

 

Total Common Stocks
(Cost $1,016,269,863)

      1,210,861,162   
   

 

 

 

 

MSF-226


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Short-Term Investments—20.5%

 

Security Description   Shares     Value  

Mutual Funds—20.5%

   

State Street Navigator Securities Lending MET Portfolio (c)

    241,559,640      $ 241,559,640   

T. Rowe Price Government Reserve Investment Fund (d)

    8,868,558        8,868,558   
   

 

 

 

Total Short-Term Investments
(Cost $250,428,198)

      250,428,198   
   

 

 

 

Total Investments—120.0%
(Cost $1,266,698,061) (e)

      1,461,289,360   

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

      (244,050,018
   

 

 

 
Net Assets—100.0%     $ 1,217,239,342   
   

 

 

 

 

(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of March 31, 2016, the market value of securities loaned was $267,691,948 and the collateral received consisted of cash in the amount of $241,559,640 and non-cash collateral with a value of $30,280,865. 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 on loan as of March 31, 2016.
(d) Affiliated Issuer.
(e) As of March 31, 2016, the aggregate cost of investments was $1,266,698,061. The aggregate unrealized appreciation and depreciation of investments were $266,154,837 and $(71,563,538), respectively, resulting in net unrealized appreciation of $194,591,299.

 

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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,210,861,162       $ —        $ —         $ 1,210,861,162   

Total Short-Term Investments*

     250,428,198         —          —           250,428,198   

Total Investments

   $ 1,461,289,360       $ —        $ —         $ 1,461,289,360   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (241,559,640   $ —         $ (241,559,640

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-227


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—97.6% of Net Assets

 

Security Description   Shares     Value  

Chemicals—4.8%

  

Agrium, Inc. (a)

    273,500      $ 24,147,315   

CF Industries Holdings, Inc.

    886,100        27,770,374   
   

 

 

 
      51,917,689   
   

 

 

 

Electrical Equipment—0.3%

  

Sunrun, Inc. (a) (b)

    389,400        2,523,312   
   

 

 

 

Energy Equipment & Services—13.4%

  

Baker Hughes, Inc.

    481,400        21,099,762   

Halliburton Co.

    1,148,700        41,031,564   

Nabors Industries, Ltd.

    1,805,100        16,606,920   

Patterson-UTI Energy, Inc. (a)

    470,400        8,288,448   

Schlumberger, Ltd. (a)

    590,700        43,564,125   

Superior Energy Services, Inc. (a)

    1,028,400        13,770,276   
   

 

 

 
      144,361,095   
   

 

 

 

Metals & Mining—27.6%

  

Agnico Eagle Mines, Ltd. (U.S. Listed Shares)

    1,301,833        47,074,281   

Barrick Gold Corp.

    2,219,300        30,138,094   

Commercial Metals Co. (a)

    1,072,100        18,193,537   

Eldorado Gold Corp.

    3,074,100        9,714,156   

First Quantum Minerals, Ltd. (a)

    4,868,300        25,639,401   

Freeport-McMoRan, Inc. (a)

    1,170,500        12,102,970   

Glencore plc (a) (b)

    20,205,837        45,477,368   

Goldcorp, Inc.

    2,198,900        35,688,147   

Kinross Gold Corp. (b)

    752,100        2,557,140   

New Gold, Inc. (b)

    3,128,800        11,670,424   

Osisko Gold Royalties, Ltd. (a)

    131,279        1,401,994   

Petra Diamonds, Ltd. (a)

    3,139,800        4,746,218   

Randgold Resources, Ltd. (ADR) (a)

    382,900        34,771,149   

Steel Dynamics, Inc.

    787,700        17,731,127   
   

 

 

 
      296,906,006   
   

 

 

 

Oil, Gas & Consumable Fuels—47.6%

  

Anadarko Petroleum Corp.

    667,250        31,073,833   

Cimarex Energy Co.

    493,500        48,002,745   

Concho Resources, Inc. (a) (b)

    475,250        48,019,260   

CONSOL Energy, Inc. (a)

    1,717,500        19,390,575   

Diamondback Energy, Inc. (a) (b)

    631,300        48,723,734   

EOG Resources, Inc.

    601,700        43,671,386   

Golar LNG, Ltd.

    415,700        7,470,129   

Gulfport Energy Corp. (b)

    984,600        27,903,564   

Hess Corp.

    138,700        7,302,555   

Kinder Morgan, Inc.

    1,094,000        19,538,840   

Laredo Petroleum, Inc. (a) (b)

    1,258,100        9,976,733   

Newfield Exploration Co. (b)

    1,170,500        38,919,125   

Parsley Energy, Inc. - Class A (a) (b)

    1,476,800        33,375,680   

PDC Energy, Inc. (b)

    162,300        9,648,735   

Pioneer Natural Resources Co.

    393,800        55,423,412   

RSP Permian, Inc. (a) (b)

    109,400        3,176,976   

Scorpio Tankers, Inc.

    689,200        4,018,036   

Oil, Gas & Consumable Fuels—(Continued)

  

SemGroup Corp. - Class A (a)

    415,700      9,311,680   

SM Energy Co. (a)

    492,300        9,225,702   

Valero Energy Corp.

    590,700        37,887,498   
   

 

 

 
      512,060,198   
   

 

 

 

Paper & Forest Products—2.6%

  

Louisiana-Pacific Corp. (a) (b)

    1,651,900        28,280,528   
   

 

 

 

Road & Rail—1.1%

  

Union Pacific Corp.

    142,300        11,319,965   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.2%

  

SolarEdge Technologies, Inc. (a) (b)

    87,600        2,202,264   
   

 

 

 

Total Common Stocks
(Cost $1,219,640,048)

      1,049,571,057   
   

 

 

 
Short-Term Investments—21.8%   

Mutual Funds—21.8%

  

AIM STIT-STIC Prime Portfolio

    12,316,762        12,316,762   

State Street Navigator Securities Lending MET Portfolio (c)

    221,928,864        221,928,864   
   

 

 

 

Total Short-Term Investments
(Cost $234,245,626)

      234,245,626   
   

 

 

 

Total Investments—119.4%
(Cost $1,453,885,674) (d)

      1,283,816,683   

Other assets and liabilities (net)—(19.4)%

      (208,386,568
   

 

 

 
Net Assets—100.0%     $ 1,075,430,115   
   

 

 

 

 

(a) All or a portion of the security was held on loan. As of March 31, 2016, the market value of securities loaned was $242,578,649 and the collateral received consisted of cash in the amount of $221,928,864 and non-cash collateral with a value of $27,428,367. 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 on loan as of March 31, 2016.
(d) As of March 31, 2016, the aggregate cost of investments was $1,453,885,674. The aggregate unrealized appreciation and depreciation of investments were $83,162,222 and $(253,231,213), respectively, resulting in net unrealized depreciation of $(170,068,991).
(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-228


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Chemicals

   $ 51,917,689       $ —        $ —         $ 51,917,689   

Electrical Equipment

     2,523,312         —          —           2,523,312   

Energy Equipment & Services

     144,361,095         —          —           144,361,095   

Metals & Mining

     246,682,420         50,223,586        —           296,906,006   

Oil, Gas & Consumable Fuels

     512,060,198         —          —           512,060,198   

Paper & Forest Products

     28,280,528         —          —           28,280,528   

Road & Rail

     11,319,965         —          —           11,319,965   

Semiconductors & Semiconductor Equipment

     2,202,264         —          —           2,202,264   

Total Common Stocks

     999,347,471         50,223,586        —           1,049,571,057   

Total Short-Term Investments*

     234,245,626         —          —           234,245,626   

Total Investments

   $ 1,233,593,097       $ 50,223,586      $ —         $ 1,283,816,683   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (221,928,864   $ —         $ (221,928,864

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-229


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—47.2% of Net Assets

 

Security Description   Principal
Amount*
    Value  
Advertising—0.0%  

WPP Finance 2010
5.125%, 09/07/42

    120,000      $ 117,240   
   

 

 

 

Aerospace/Defense—0.2%

  

LMI Aerospace, Inc.
7.375%, 07/15/19

    1,700,000        1,598,000   

Lockheed Martin Corp.
3.100%, 01/15/23

    220,000        228,181   

3.550%, 01/15/26

    610,000        646,150   

Raytheon Co.
3.125%, 10/15/20 (a)

    30,000        32,030   

United Technologies Corp.
4.500%, 06/01/42

    290,000        314,213   
   

 

 

 
      2,818,574   
   

 

 

 

Agriculture—0.6%

  

Alliance One International, Inc.
9.875%, 07/15/21 (a)

    3,380,000        2,577,250   

Reynolds American, Inc.
4.850%, 09/15/23

    2,960,000        3,343,885   

5.850%, 08/15/45

    1,290,000        1,575,298   
   

 

 

 
      7,496,433   
   

 

 

 

Airlines—0.0%

  

Northwest Airlines Pass-Through Trust
7.575%, 03/01/19

    12,757        13,873   
   

 

 

 

Auto Manufacturers—0.4%

   

Ford Motor Co.
4.750%, 01/15/43 (a)

    2,210,000        2,217,236   

Ford Motor Credit Co. LLC
3.200%, 01/15/21

    1,740,000        1,778,464   

3.664%, 09/08/24

    720,000        727,112   
   

 

 

 
      4,722,812   
   

 

 

 

Auto Parts & Equipment—0.6%

  

Schaeffler Holding Finance B.V.
6.750%, 11/15/22 (144A) (a) (b)

    3,580,000        3,893,250   

ZF North America Capital, Inc.
4.750%, 04/29/25 (144A)

    4,130,000        4,109,350   
   

 

 

 
      8,002,600   
   

 

 

 

Banks—8.0%

  

ABN AMRO Bank NV
4.750%, 07/28/25 (144A)

    820,000        825,935   

Bank of America Corp.
3.875%, 08/01/25

    1,040,000        1,077,900   

4.000%, 01/22/25

    2,810,000        2,814,263   

4.125%, 01/22/24

    880,000        932,172   

4.200%, 08/26/24

    1,180,000        1,201,582   

4.875%, 04/01/44

    1,890,000        2,059,471   

5.000%, 01/21/44

    2,300,000        2,538,400   

Barclays Bank plc
10.179%, 06/12/21 (144A)

    1,180,000        1,499,363   
Banks—(Continued)  

BPCE S.A.
5.150%, 07/21/24 (144A) (a)

    420,000      428,999   

Citigroup, Inc.
4.050%, 07/30/22

    2,000,000        2,081,406   

4.400%, 06/10/25

    1,470,000        1,498,977   

4.450%, 09/29/27

    1,360,000        1,368,492   

4.650%, 07/30/45

    2,850,000        2,984,617   

5.300%, 05/06/44

    2,840,000        2,971,501   

5.350%, 05/15/23 (a) (c)

    560,000        516,600   

5.500%, 09/13/25

    740,000        809,789   

5.900%, 02/15/23 (a) (c)

    200,000        196,500   

5.950%, 01/30/23 (c)

    590,000        568,428   

5.950%, 05/15/25 (c)

    2,790,000        2,685,375   

6.300%, 05/15/24 (a) (c)

    850,000        816,411   

8.125%, 07/15/39

    647,000        957,118   

Cooperatieve Rabobank UA
4.375%, 08/04/25

    1,470,000        1,513,511   

5.250%, 08/04/45

    1,530,000        1,654,637   

5.750%, 12/01/43

    1,480,000        1,724,278   

11.000%, 06/30/19 (144A) (c)

    415,000        497,958   

Corpbanca S.A.
3.875%, 09/22/19

    4,010,000        4,106,874   

Credit Agricole S.A.
4.375%, 03/17/25 (144A) (a)

    1,000,000        979,210   

8.125%, 12/23/25 (144A) (c)

    1,740,000        1,735,789   

8.375%, 10/13/19 (144A) (a) (c)

    640,000        705,728   

Credit Suisse Group Funding Guernsey, Ltd.
4.875%, 05/15/45

    1,560,000        1,486,189   

Goldman Sachs Capital II
4.000%, 05/02/16 (c)

    1,859,000        1,330,114   

Goldman Sachs Group, Inc. (The)
4.000%, 03/03/24

    3,180,000        3,334,290   

4.250%, 10/21/25

    890,000        904,940   

4.750%, 10/21/45

    880,000        919,793   

5.150%, 05/22/45

    870,000        883,818   

5.250%, 07/27/21 (a)

    1,330,000        1,497,081   

6.250%, 02/01/41

    10,000        12,433   

6.750%, 10/01/37

    2,000,000        2,388,872   

7.500%, 02/15/19

    20,000        23,037   

HSBC Holdings plc
5.250%, 03/14/44

    3,700,000        3,752,632   

6.375%, 09/17/24 (a) (c)

    1,290,000        1,198,087   

ICICI Bank, Ltd.
5.750%, 11/16/20

    3,640,000        4,105,141   

Itau Unibanco Holding S.A.
2.850%, 05/26/18 (a)

    4,250,000        4,192,625   

JPMorgan Chase & Co.
3.375%, 05/01/23 (a)

    600,000        602,484   

3.625%, 05/13/24

    690,000        719,466   

3.875%, 09/10/24

    3,930,000        4,030,415   

4.350%, 08/15/21

    10,000        10,927   

4.500%, 01/24/22

    160,000        176,568   

4.950%, 06/01/45

    1,310,000        1,382,663   

Oversea-Chinese Banking Corp., Ltd.
4.250%, 06/19/24 (a)

    4,080,000        4,280,169   

 

MSF-230


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Banks—(Continued)  

Royal Bank of Scotland Group plc
5.125%, 05/28/24

    620,000      $ 596,062   

6.000%, 12/19/23

    460,000        465,888   

6.100%, 06/10/23

    780,000        798,912   

6.125%, 12/15/22

    390,000        413,699   

7.648%, 09/30/31 (c)

    120,000        140,400   

Royal Bank of Scotland NV
4.650%, 06/04/18

    410,000        421,688   

Royal Bank of Scotland plc (The)
13.125%, 03/19/22 (AUD) (c)

    1,580,000        1,296,843   

Santander UK Group Holdings plc
7.375%, 06/24/22 (GBP) (c)

    2,620,000        3,452,528   

Standard Chartered plc
5.700%, 03/26/44 (144A) (a)

    4,050,000        3,646,345   

UBS Group Funding Jersey, Ltd.
4.125%, 09/24/25 (144A)

    1,140,000        1,141,626   

Wachovia Capital Trust III
5.570%, 05/02/16 (a) (c)

    1,071,000        1,057,612   

Wells Fargo & Co.
4.300%, 07/22/27

    2,670,000        2,832,987   

4.650%, 11/04/44

    380,000        390,624   

4.900%, 11/17/45

    880,000        944,541   

5.375%, 11/02/43

    540,000        610,367   

5.606%, 01/15/44

    2,170,000        2,514,672   

Wells Fargo Capital X
5.950%, 12/15/36

    380,000        386,764   
   

 

 

 
      102,094,586   
   

 

 

 

Beverages—0.5%

  

Carolina Beverage Group LLC / Carolina Beverage Group Finance, Inc.
10.625%, 08/01/18 (144A)

    370,000        355,200   

Constellation Brands, Inc.
4.750%, 11/15/24 (a)

    4,564,000        4,757,970   

6.000%, 05/01/22

    840,000        945,000   
   

 

 

 
      6,058,170   
   

 

 

 

Biotechnology—0.2%

  

Celgene Corp.
3.875%, 08/15/25 (a)

    1,970,000        2,070,344   

5.000%, 08/15/45

    920,000        994,827   
   

 

 

 
      3,065,171   
   

 

 

 

Building Materials—0.5%

  

Cemex Finance LLC
9.375%, 10/12/22 (144A) (a)

    3,090,000        3,399,000   

CIMPOR Financial Operations B.V.
5.750%, 07/17/24 (144A)

    1,340,000        971,500   

Hardwoods Acquisition, Inc.
7.500%, 08/01/21 (144A)

    2,800,000        1,904,000   

NWH Escrow Corp.
7.500%, 08/01/21 (144A)

    550,000        360,250   
   

 

 

 
      6,634,750   
   

 

 

 

Chemicals—0.6%

  

Axiall Corp.
4.875%, 05/15/23 (a)

    1,820,000      1,777,903   

Eagle Spinco, Inc.
4.625%, 02/15/21 (a)

    2,190,000        2,119,044   

Ecolab, Inc.
4.350%, 12/08/21

    70,000        77,281   

OCP S.A.
5.625%, 04/25/24

    3,930,000        4,086,414   

Potash Corp. of Saskatchewan, Inc.
4.875%, 03/30/20 (a)

    40,000        43,092   
   

 

 

 
      8,103,734   
   

 

 

 

Coal—0.1%

  

Murray Energy Corp.
11.250%, 04/15/21 (144A)

    4,550,000        602,875   

Natural Resource Partners L.P. / NRP Finance Corp.
9.125%, 10/01/18

    720,000        466,200   
   

 

 

 
      1,069,075   
   

 

 

 

Commercial Services—0.3%

  

AA Bond Co., Ltd.
5.500%, 07/31/22 (GBP)

    2,690,000        3,724,424   

Service Corp. International
7.625%, 10/01/18

    125,000        141,406   

UBM plc
5.750%, 11/03/20 (144A)

    50,000        54,158   
   

 

 

 
      3,919,988   
   

 

 

 

Computers—0.1%

  

Compiler Finance Sub, Inc.
7.000%, 05/01/21 (144A) (d)

    2,950,000        1,327,500   
   

 

 

 

Distribution/Wholesale—0.3%

  

Entertainment One, Ltd.
6.875%, 12/15/22 (144A) (GBP)

    1,060,000        1,511,767   

H&E Equipment Services, Inc.
7.000%, 09/01/22 (a)

    870,000        883,050   

Rexel S.A.
5.250%, 06/15/20 (144A)

    1,400,000        1,431,500   
   

 

 

 
      3,826,317   
   

 

 

 

Diversified Financial Services—2.4%

  

AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust
4.625%, 10/30/20

    1,030,000        1,055,750   

4.625%, 07/01/22 (a)

    600,000        612,000   

5.000%, 10/01/21

    3,056,000        3,162,960   

American Express Co.
6.800%, 09/01/66 (a) (c)

    1,300,000        1,303,250   

GE Capital International Funding Co.
2.342%, 11/15/20 (144A)

    538,000        551,149   

4.418%, 11/15/35 (144A)

    4,475,000        4,861,609   

KKR Group Finance Co. II LLC
5.500%, 02/01/43 (144A)

    130,000        132,845   

 

MSF-231


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Diversified Financial Services—(Continued)  

Navient Corp.
5.875%, 10/25/24

    3,150,000      $ 2,669,625   

8.000%, 03/25/20

    1,610,000        1,601,950   

Quicken Loans, Inc.
5.750%, 05/01/25 (144A) (a)

    12,440,000        12,066,800   

Visa, Inc.
3.150%, 12/14/25

    2,670,000        2,787,146   
   

 

 

 
      30,805,084   
   

 

 

 

Electric—1.7%

  

Calpine Corp.
5.875%, 01/15/24 (144A) (a)

    874,000        917,700   

Comision Federal de Electricidad
6.125%, 06/16/45 (144A)

    4,200,000        4,168,500   

Enel S.p.A.
7.750%, 09/10/75 (GBP) (c)

    2,450,000        3,790,579   

Exelon Corp.
5.625%, 06/15/35

    255,000        287,632   

FirstEnergy Corp.
4.250%, 03/15/23

    1,560,000        1,623,916   

7.375%, 11/15/31

    3,550,000        4,311,713   

Mirant Mid Atlantic Pass-Through Trust
10.060%, 12/30/28

    5,056,588        4,904,890   

Pacific Gas & Electric Co.
6.050%, 03/01/34

    1,180,000        1,504,662   
   

 

 

 
      21,509,592   
   

 

 

 

Electrical Components & Equipment—0.1%

  

International Wire Group Holdings, Inc.
8.500%, 10/15/17 (144A)

    710,000        707,338   
   

 

 

 

Electronics—0.2%

  

Sanmina Corp.
4.375%, 06/01/19 (144A)

    2,320,000        2,372,200   
   

 

 

 

Engineering & Construction—0.0%

  

Michael Baker International LLC / CDL Acquisition Co., Inc.
8.250%, 10/15/18 (144A)

    560,000        481,600   
   

 

 

 

Entertainment—0.4%

  

Greektown Holdings LLC / Greektown Mothership Corp.
8.875%, 03/15/19 (144A)

    1,150,000        1,178,750   

Vougeot Bidco plc
7.875%, 07/15/20 (GBP)

    2,510,000        3,735,486   
   

 

 

 
      4,914,236   
   

 

 

 

Environmental Control—0.1%

  

Waste Management, Inc.
3.500%, 05/15/24

    980,000        1,024,978   

4.600%, 03/01/21

    180,000        193,117   

7.375%, 05/15/29

    190,000        259,313   
   

 

 

 
      1,477,408   
   

 

 

 

Food—1.9%

  

Cencosud S.A.
5.500%, 01/20/21 (a)

    3,910,000      4,170,629   

Dole Food Co., Inc.
7.250%, 05/01/19 (144A)

    2,350,000        2,338,250   

Grupo Bimbo S.A.B. de C.V.
4.500%, 01/25/22

    3,950,000        4,187,138   

JBS Investments GmbH
7.750%, 10/28/20 (a)

    3,780,000        3,742,200   

Kraft Heinz Foods Co.
3.500%, 06/06/22 (a)

    570,000        599,153   

3.950%, 07/15/25 (144A) (a)

    280,000        297,931   

4.875%, 02/15/25 (144A)

    1,847,000        2,034,764   

5.000%, 07/15/35 (144A)

    380,000        419,091   

5.200%, 07/15/45 (144A)

    390,000        436,367   

Prosperous Ray, Ltd.
4.625%, 11/12/23

    2,310,000        2,482,106   

R&R Ice Cream plc
5.500%, 05/15/20 (GBP)

    2,550,000        3,743,009   
   

 

 

 
      24,450,638   
   

 

 

 

Healthcare-Products—1.5%

  

DJO Finance LLC / DJO Finance Corp.
10.750%, 04/15/20 (144A)

    560,000        454,300   

DJO Finco, Inc. / DJO Finance LLC / DJO Finance Corp.
8.125%, 06/15/21 (144A)

    4,570,000        4,044,450   

Immucor, Inc.
11.125%, 08/15/19

    4,810,000        4,425,200   

Medtronic, Inc.
3.500%, 03/15/25

    2,680,000        2,860,474   

Universal Hospital Services, Inc.
7.625%, 08/15/20 (a)

    8,580,000        7,936,500   
   

 

 

 
      19,720,924   
   

 

 

 

Healthcare-Services—1.5%

  

DaVita HealthCare Partners, Inc.
5.000%, 05/01/25

    3,460,000        3,425,400   

5.125%, 07/15/24

    730,000        737,300   

HCA, Inc.
4.750%, 05/01/23

    590,000        600,325   

5.250%, 06/15/26

    360,000        369,000   

5.375%, 02/01/25

    4,100,000        4,144,854   

5.875%, 02/15/26

    1,100,000        1,133,000   

7.500%, 02/15/22

    80,000        90,600   

IASIS Healthcare LLC / IASIS Capital Corp.
8.375%, 05/15/19

    3,520,000        3,471,600   

Kindred Healthcare, Inc.
8.000%, 01/15/20

    3,325,000        3,300,063   

8.750%, 01/15/23

    580,000        555,350   

Tenet Healthcare Corp.
8.125%, 04/01/22

    1,840,000        1,892,900   
   

 

 

 
      19,720,392   
   

 

 

 

Holding Companies-Diversified—0.8%

  

Co-operative Group Holdings, Ltd.
7.500%, 07/08/26 (GBP)

    2,410,000        3,685,539   

 

MSF-232


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Holding Companies-Diversified—(Continued)  

DH Services Luxembourg S.a.r.l.
7.750%, 12/15/20 (144A)

    6,940,000      $ 6,853,250   
   

 

 

 
      10,538,789   
   

 

 

 

Home Builders—0.9%

  

Taylor Morrison Communities, Inc. / Monarch Communities, Inc.
5.250%, 04/15/21 (144A)

    3,955,000        3,875,900   

5.875%, 04/15/23 (144A)

    780,000        748,800   

William Lyon Homes, Inc.
7.000%, 08/15/22

    5,180,000        4,972,800   

8.500%, 11/15/20

    2,430,000        2,493,384   
   

 

 

 
      12,090,884   
   

 

 

 

Household Products/Wares—0.2%

  

Sun Products Corp. (The)
7.750%, 03/15/21 (144A) (a)

    3,380,000        3,109,600   
   

 

 

 

Insurance—0.2%

  

American International Group, Inc.

   

3.750%, 07/10/25

    1,380,000        1,378,355   

6.250%, 03/15/37

    453,000        466,590   

Chubb INA Holdings, Inc.
2.300%, 11/03/20

    350,000        355,828   

3.350%, 05/03/26

    470,000        490,677   
   

 

 

 
      2,691,450   
   

 

 

 

Internet—0.3%

  

Alibaba Group Holding, Ltd.
3.125%, 11/28/21 (a)

    4,240,000        4,320,992   
   

 

 

 

Leisure Time—0.6%

   

NCL Corp., Ltd.
5.250%, 11/15/19 (144A)

    3,680,000        3,753,600   

Viking Cruises, Ltd.
8.500%, 10/15/22 (144A)

    3,950,000        3,732,750   
   

 

 

 
      7,486,350   
   

 

 

 

Lodging—0.7%

  

Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp.
5.625%, 10/15/21

    3,800,000        3,937,560   

MGM Resorts International
6.625%, 12/15/21

    4,180,000        4,483,050   
   

 

 

 
      8,420,610   
   

 

 

 

Media—3.0%

  

Altice Financing S.A.
6.625%, 02/15/23 (144A)

    4,140,000        4,150,350   

CCO Holdings LLC / CCO Holdings Capital Corp.
5.375%, 05/01/25 (144A) (a)

    880,000        895,400   
Media—(Continued)  

CCO Holdings LLC / CCO Holdings Capital Corp.
6.500%, 04/30/21

    1,740,000      1,801,787   

7.000%, 01/15/19

    39,000        39,780   

CCO Safari LLC
4.464%, 07/23/22 (144A)

    1,740,000        1,818,766   

6.384%, 10/23/35 (144A)

    10,000        11,040   

6.484%, 10/23/45 (144A)

    1,130,000        1,257,380   

CSC Holdings LLC
6.750%, 11/15/21

    2,010,000        2,064,270   

DISH DBS Corp.
5.875%, 07/15/22 (a)

    1,755,000        1,662,863   

5.875%, 11/15/24 (a)

    2,450,000        2,247,875   

6.750%, 06/01/21 (a)

    75,000        77,438   

Neptune Finco Corp.
6.625%, 10/15/25 (144A) (a)

    2,680,000        2,897,482   

Numericable-SFR SAS
6.000%, 05/15/22 (144A)

    4,390,000        4,280,250   

Time Warner Cable, Inc.
6.750%, 06/15/39

    50,000        56,277   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH
5.500%, 01/15/23 (144A)

    3,000,000        3,075,000   

Univision Communications, Inc.
5.125%, 02/15/25 (144A)

    2,960,000        2,923,000   

6.750%, 09/15/22 (144A)

    1,400,000        1,484,000   

Viacom, Inc.
3.875%, 04/01/24 (a)

    240,000        239,041   

Virgin Media Finance plc
6.000%, 10/15/24 (144A)

    3,060,000        3,144,150   

6.375%, 10/15/24 (GBP)

    2,510,000        3,659,060   
   

 

 

 
      37,785,209   
   

 

 

 

Mining—2.6%

  

Alcoa, Inc.
5.125%, 10/01/24 (a)

    2,125,000        2,015,435   

Barrick Gold Corp.
4.100%, 05/01/23 (a)

    2,521,000        2,455,177   

6.950%, 04/01/19

    57,000        62,255   

Barrick North America Finance LLC
4.400%, 05/30/21

    400,000        408,922   

BHP Billiton Finance USA, Ltd.
3.250%, 11/21/21 (a)

    590,000        606,845   

5.000%, 09/30/43

    750,000        762,979   

6.750%, 10/19/75 (144A) (a) (c)

    1,820,000        1,820,000   

Freeport-McMoRan, Inc.
4.000%, 11/14/21 (a)

    3,450,000        2,440,875   

Glencore Funding LLC
2.875%, 04/16/20 (144A)

    2,890,000        2,572,100   

4.000%, 04/16/25 (144A)

    6,580,000        5,161,187   

Midwest Vanadium Pty, Ltd.
11.500%, 02/15/18 (144A) (d) (e)

    1,000,000        57,500   

Mirabela Nickel, Ltd.
1.000%, 09/10/44 (144A) (d) (f)

    3,452        0   

Rio Tinto Finance USA plc
2.250%, 12/14/18

    240,000        240,890   

 

MSF-233


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  
Mining—(Continued)  

Rio Tinto Finance USA, Ltd.
3.750%, 09/20/21

    130,000      $ 134,928   

3.750%, 06/15/25 (a)

    7,330,000        7,143,635   

Yamana Gold, Inc.
4.950%, 07/15/24

    9,130,000        7,714,850   
   

 

 

 
      33,597,578   
   

 

 

 

Miscellaneous Manufacturing—0.6%

  

Actuant Corp.
5.625%, 06/15/22

    3,380,000        3,430,700   

CBC Ammo LLC / CBC FinCo, Inc.
7.250%, 11/15/21 (144A)

    1,400,000        1,071,000   

General Electric Co.
4.500%, 03/11/44

    260,000        290,226   

5.300%, 02/11/21

    187,000        217,172   

6.875%, 01/10/39

    1,258,000        1,821,580   

Techniplas LLC
10.000%, 05/01/20 (144A)

    740,000        529,100   
   

 

 

 
      7,359,778   
   

 

 

 

Oil & Gas—3.9%

   

Anadarko Finance Co.
7.500%, 05/01/31

    80,000        86,623   

Anadarko Petroleum Corp.
4.500%, 07/15/44 (a)

    800,000        627,550   

6.450%, 09/15/36

    220,000        219,681   

Apache Corp.
3.250%, 04/15/22 (a)

    574,000        552,271   

4.250%, 01/15/44 (a)

    260,000        218,504   

Berry Petroleum Co. LLC
6.375%, 09/15/22 (a)

    1,040,000        187,200   

6.750%, 11/01/20

    850,000        153,000   

BP Capital Markets plc
3.245%, 05/06/22

    270,000        277,865   

Carrizo Oil & Gas, Inc.
7.500%, 09/15/20 (a)

    2,100,000        1,958,250   

Chesapeake Energy Corp.
5.750%, 03/15/23 (a)

    2,430,000        826,200   

6.125%, 02/15/21

    4,550,000        1,751,750   

Comstock Resources, Inc.
10.000%, 03/15/20 (144A) (a)

    1,990,000        980,075   

Concho Resources, Inc.
6.500%, 01/15/22 (a)

    1,400,000        1,396,500   

ConocoPhillips Holding Co.
6.950%, 04/15/29

    375,000        421,819   

Continental Resources, Inc.
7.125%, 04/01/21 (a)

    840,000        785,400   

Devon Energy Corp.
3.250%, 05/15/22 (a)

    160,000        134,718   

5.000%, 06/15/45 (a)

    2,110,000        1,574,834   

5.600%, 07/15/41

    110,000        86,152   

5.850%, 12/15/25 (a)

    970,000        936,281   

Devon Financing Co. LLC
7.875%, 09/30/31

    140,000        137,281   

Empresa Nacional del Petroleo
5.250%, 08/10/20

    3,690,000        3,965,145   
Oil & Gas—(Continued)  

Ensco plc
5.200%, 03/15/25 (a)

    750,000      420,000   

Hess Corp.
8.125%, 02/15/19

    90,000        98,883   

Kerr-McGee Corp.
6.950%, 07/01/24

    290,000        306,954   

7.875%, 09/15/31

    285,000        311,346   

MEG Energy Corp.
6.375%, 01/30/23 (144A)

    3,600,000        2,124,000   

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

    290,000        175,087   

Murphy Oil USA, Inc.
6.000%, 08/15/23

    3,950,000        4,088,250   

Oasis Petroleum, Inc.
6.500%, 11/01/21 (a)

    4,050,000        2,997,000   

Occidental Petroleum Corp.
2.700%, 02/15/23 (a)

    390,000        385,011   

3.125%, 02/15/22

    110,000        113,630   

4.625%, 06/15/45 (a)

    230,000        239,526   

Pacific Drilling V, Ltd.
7.250%, 12/01/17 (144A)

    2,000,000        735,000   

Parsley Energy LLC / Parsley Finance Corp.
7.500%, 02/15/22 (144A)

    1,660,000        1,651,700   

Petrobras Global Finance B.V.
5.375%, 01/27/21

    4,720,000        3,901,694   

QEP Resources, Inc.
5.250%, 05/01/23

    2,650,000        2,305,500   

6.875%, 03/01/21 (a)

    2,130,000        1,954,275   

Rice Energy, Inc.
6.250%, 05/01/22 (a)

    2,260,000        1,966,200   

7.250%, 05/01/23

    2,050,000        1,793,750   

Sanchez Energy Corp.
6.125%, 01/15/23 (a)

    3,070,000        1,657,800   

Shell International Finance B.V.
4.125%, 05/11/35 (a)

    470,000        481,578   

4.375%, 05/11/45

    1,550,000        1,554,453   

Summit Midstream Holdings LLC / Summit Midstream Finance Corp.
7.500%, 07/01/21

    4,020,000        3,155,700   

Whiting Petroleum Corp.
6.250%, 04/01/23 (a)

    860,000        578,350   
   

 

 

 
      50,272,786   
   

 

 

 

Oil & Gas Services—0.4%

  

CGG S.A.
6.500%, 06/01/21

    2,840,000        1,150,200   

6.875%, 01/15/22

    220,000        85,800   

Globe Luxembourg SCA
9.625%, 05/01/18 (144A)

    1,500,000        1,136,250   

Halliburton Co.
2.700%, 11/15/20 (a)

    240,000        243,654   

3.800%, 11/15/25

    1,210,000        1,211,869   

KCA Deutag UK Finance plc
7.250%, 05/15/21 (144A)

    1,430,000        893,750   
   

 

 

 
      4,721,523   
   

 

 

 

 

MSF-234


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Packaging & Containers—0.6%

  

Ardagh Finance Holdings S.A.
8.625%, 06/15/19 (144A) (b)

    817,784      $ 789,162   

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
9.125%, 10/15/20 (144A)

    2,185,000        2,259,775   

Coveris Holdings S.A.
7.875%, 11/01/19 (144A)

    1,360,000        1,217,200   

Pactiv LLC
8.375%, 04/15/27

    3,180,000        2,941,500   

WestRock RKT Co.
4.000%, 03/01/23 (a)

    140,000        143,412   
   

 

 

 
      7,351,049   
   

 

 

 

Pharmaceuticals—1.2%

  

Actavis Funding SCS
3.450%, 03/15/22

    450,000        467,171   

3.800%, 03/15/25

    690,000        718,113   

4.550%, 03/15/35

    50,000        51,515   

4.750%, 03/15/45 (a)

    720,000        757,227   

Baxalta, Inc.
5.250%, 06/23/45 (144A)

    70,000        74,395   

BioScrip, Inc.
8.875%, 02/15/21

    5,342,000        4,513,990   

DPx Holdings B.V.
7.500%, 02/01/22 (144A) (a)

    830,000        825,850   

JLL/Delta Dutch Pledgeco B.V.
8.750%, 05/01/20 (144A) (b)

    2,750,000        2,681,250   

Valeant Pharmaceuticals International, Inc.
6.125%, 04/15/25 (144A)

    6,190,000        4,766,300   
   

 

 

 
      14,855,811   
   

 

 

 

Pipelines—0.9%

  

Blue Racer Midstream LLC / Blue Racer Finance Corp.
6.125%, 11/15/22 (144A)

    1,310,000        1,090,575   

El Paso Natural Gas Co. LLC
8.375%, 06/15/32

    190,000        201,764   

Genesis Energy L.P. / Genesis Energy Finance Corp.
6.000%, 05/15/23

    1,630,000        1,434,400   

6.750%, 08/01/22

    800,000        740,000   

Hiland Partners L.P. / Hiland Partner Finance Corp.
7.250%, 10/01/20 (144A)

    400,000        415,000   

Kinder Morgan, Inc.
7.800%, 08/01/31

    67,000        74,049   

MPLX L.P.
4.875%, 12/01/24 (144A)

    3,040,000        2,806,640   

Regency Energy Partners L.P. / Regency Energy Finance Corp.
5.875%, 03/01/22

    780,000        757,762   

Sabine Pass Liquefaction LLC
5.625%, 02/01/21

    820,000        788,225   

Southern Natural Gas Co. LLC
5.900%, 04/01/17 (144A)

    10,000        10,313   

8.000%, 03/01/32

    25,000        26,423   
Pipelines—(Continued)  

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.
4.250%, 11/15/23 (a)

    410,000      359,775   

Tesoro Logistics L.P. / Tesoro Logistics Finance Corp.
6.250%, 10/15/22 (144A) (a)

    670,000        663,300   

Williams Cos., Inc. (The)
5.750%, 06/24/44

    1,780,000        1,183,700   

7.500%, 01/15/31

    45,000        36,563   

7.750%, 06/15/31

    14,000        11,585   

7.875%, 09/01/21 (a)

    436,000        403,186   

8.750%, 03/15/32

    255,000        226,950   
   

 

 

 
      11,230,210   
   

 

 

 

Real Estate—0.6%

  

Country Garden Holdings Co., Ltd.
7.250%, 04/04/21

    3,990,000        4,106,300   

Grainger plc
5.000%, 12/16/20 (GBP)

    2,550,000        3,799,964   
   

 

 

 
      7,906,264   
   

 

 

 

Real Estate Investment Trusts—0.2%

  

CTR Partnership L.P. / CareTrust Capital Corp.
5.875%, 06/01/21

    2,410,000        2,422,050   

Iron Mountain, Inc.
6.000%, 08/15/23

    560,000        588,000   
   

 

 

 
      3,010,050   
   

 

 

 

Retail—2.3%

  

1011778 BC ULC / New Red Finance, Inc.
6.000%, 04/01/22 (144A)

    3,820,000        3,972,800   

CVS Health Corp.
3.875%, 07/20/25

    560,000        604,310   

4.875%, 07/20/35

    540,000        602,083   

5.125%, 07/20/45

    1,440,000        1,667,696   

Dollar Tree, Inc.
5.750%, 03/01/23 (144A)

    4,050,000        4,293,000   

Guitar Center, Inc.
6.500%, 04/15/19 (144A)

    1,920,000        1,728,000   

9.625%, 04/15/20 (144A) (a)

    1,940,000        1,343,450   

L Brands, Inc.
5.625%, 02/15/22

    6,100,000        6,645,462   

5.625%, 10/15/23

    1,330,000        1,459,675   

6.950%, 03/01/33

    60,000        61,800   

Neiman Marcus Group, Ltd. LLC
8.750%, 10/15/21 (144A) (a) (b)

    4,140,000        3,190,367   

Vista Outdoor, Inc.
5.875%, 10/01/23 (144A)

    3,530,000        3,697,675   
   

 

 

 
      29,266,318   
   

 

 

 

Savings & Loans—0.3%

  

Nationwide Building Society
6.875%, 06/20/19 (GBP) (c)

    2,640,000        3,545,238   
   

 

 

 

 

MSF-235


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Semiconductors—0.4%

   

Micron Technology, Inc.
5.250%, 01/15/24 (144A)

    3,740,000      $ 3,010,700   

5.625%, 01/15/26 (144A) (a)

    2,820,000        2,227,800   
   

 

 

 
      5,238,500   
   

 

 

 

Software—0.4%

  

Activision Blizzard, Inc.
5.625%, 09/15/21 (144A)

    3,130,000        3,290,413   

6.125%, 09/15/23 (144A)

    770,000        825,825   

Interface Security Systems Holdings, Inc. / Interface Security Systems LLC
9.250%, 01/15/18

    1,000,000        940,000   
   

 

 

 
      5,056,238   
   

 

 

 

Telecommunications—2.6%

  

Bharti Airtel International Netherlands B.V.
5.350%, 05/20/24

    3,810,000        4,101,027   

CenturyLink, Inc.
5.625%, 04/01/20 (a)

    1,210,000        1,225,742   

5.625%, 04/01/25

    1,670,000        1,494,650   

6.750%, 12/01/23

    1,290,000        1,254,525   

HC2 Holdings, Inc.
11.000%, 12/01/19 (144A)

    4,350,000        3,545,250   

Sprint Communications, Inc.
11.500%, 11/15/21

    2,520,000        2,242,800   

Sprint Corp.
7.625%, 02/15/25

    1,790,000        1,329,075   

Telefonica Europe B.V.
6.750%, 11/26/20 (GBP) (c)

    2,400,000        3,477,159   

Verizon Communications, Inc.
5.150%, 09/15/23

    2,870,000        3,312,591   

6.400%, 09/15/33

    1,766,000        2,172,178   

6.550%, 09/15/43

    4,179,000        5,504,692   

West Corp.
5.375%, 07/15/22 (144A)

    4,110,000        3,770,103   
   

 

 

 
      33,429,792   
   

 

 

 

Transportation—1.0%

  

Florida East Coast Holdings Corp.
6.750%, 05/01/19 (144A)

    3,870,000        3,870,000   

Navios Maritime Acquisition Corp. / Navios Acquisition Finance U.S., Inc.
8.125%, 11/15/21 (144A)

    4,670,000        3,093,875   

XPO Logistics, Inc.
6.500%, 06/15/22 (144A) (a)

    5,770,000        5,604,113   

7.875%, 09/01/19 (144A) (a)

    360,000        372,600   
   

 

 

 
      12,940,588   
   

 

 

 

Water—0.3%

  

Anglian Water Osprey Financing plc
5.000%, 04/30/23 (GBP)

    2,650,000        3,821,285   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $639,550,963)

      605,477,127   
   

 

 

 
Mortgage-Backed Securities—28.6%   
Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—14.5%

  

American Home Mortgage Assets Trust
0.623%, 12/25/46 (c)

    3,894,990      $ 2,431,251   

American Home Mortgage Investment Trust
0.653%, 06/25/45 (c)

    759,918        699,592   

1.013%, 11/25/45 (c)

    706,730        583,737   

Banc of America Funding Trust
0.602%, 05/20/36 (c)

    391,953        371,024   

0.678%, 03/27/36 (144A) (c)

    6,593,128        3,307,448   

Banc of America Mortgage Trust
2.848%, 12/25/34 (c)

    11,046        10,712   

2.853%, 09/25/35 (c)

    160,148        145,586   

BCAP LLC Trust
0.646%, 10/28/36 (144A) (c)

    4,091,685        3,901,229   

3.004%, 05/26/47 (144A) (c)

    8,133,587        5,482,038   

Bear Stearns Asset-Backed Securities Trust
31.707%, 07/25/36 (c)

    865,637        1,467,344   

Citigroup Mortgage Loan Trust, Inc.
2.939%, 12/25/35 (c)

    2,079,885        1,816,766   

CitiMortgage Alternative Loan Trust
33.335%, 07/25/37 (c)

    2,108,066        3,831,027   

Countrywide Alternative Loan Trust
0.658%, 07/20/35 (c)

    2,388,155        2,022,660   

0.703%, 01/25/36 (c)

    336,399        272,873   

5.750%, 01/25/37

    3,717,984        3,011,692   

6.000%, 01/25/37

    3,792,300        3,389,965   

15.987%, 06/25/35 (c)

    2,623,952        3,297,183   

21.501%, 02/25/36 (c)

    2,396,206        3,334,627   

26.868%, 07/25/36 (c)

    4,248,419        7,659,855   

36.402%, 08/25/37 (c)

    2,090,534        4,096,100   

Countrywide Alternative Loan Trust Resecuritization
6.000%, 08/25/37

    9,100,777        7,083,185   

Countrywide Home Loan Reperforming Loan REMIC Trust
0.793%, 03/25/35 (144A) (c)

    830,217        723,938   

0.853%, 11/25/34 (144A) (c)

    88,827        74,814   

5.671%, 03/25/35 (144A) (c) (g)

    10,218,866        1,577,639   

Credit Suisse Mortgage Trust
0.636%, 06/27/46 (144A) (c)

    3,929,401        3,709,887   

4.500%, 06/27/36 (144A)

    2,121,325        2,154,662   

28.144%, 02/25/36 (c)

    2,347,053        3,575,386   

Deutsche ALT-A Securities, Inc. Mortgage Loan Trust
1.992%, 08/25/35 (c)

    61,606        46,755   

DSLA Mortgage Loan Trust
0.642%, 03/19/45 (c)

    197,363        174,895   

1.242%, 03/19/46 (c)

    1,578,252        1,124,491   

Fannie Mae Connecticut Avenue Securities
3.433%, 07/25/24 (c)

    5,470,000        5,025,143   

5.683%, 10/25/23 (c)

    2,780,000        2,882,271   

Freddie Mac Structured Agency Credit Risk Debt Notes
4.933%, 02/25/24 (c)

    2,210,000        2,196,035   

5.183%, 10/25/24 (c)

    5,925,000        5,967,652   

GreenPoint MTA Trust
0.873%, 06/25/45 (c)

    1,891,311        1,637,862   

 

MSF-236


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  
Collateralized Mortgage Obligations—(Continued)  

GS Mortgage Securities Corp.
1.276%, 06/26/36 (144A) (c)

    7,760,000      $ 5,146,817   

GSMPS Mortgage Loan Trust
0.833%, 04/25/36 (144A) (c)

    1,019,990        836,408   

GSR Mortgage Loan Trust
2.946%, 10/25/35 (c)

    436,431        376,797   

HarborView Mortgage Loan Trust
0.682%, 01/19/36 (c)

    1,197,353        804,128   

1.232%, 11/19/34 (c)

    2,173,894        1,910,802   

1.433%, 10/25/37 (c)

    2,107,670        1,781,162   

Impac Secured Assets CMN Owner Trust
0.753%, 03/25/36 (c)

    1,116,950        795,295   

IndyMac INDX Mortgage Loan Trust
1.153%, 01/25/35 (c)

    1,360,271        1,016,409   

2.798%, 03/25/35 (c)

    655,810        625,522   

2.863%, 05/25/37 (c)

    4,886,493        3,684,975   

JPMorgan Mortgage Trust
6.500%, 01/25/36

    136,744        112,912   

JPMorgan Resecuritization Trust
0.646%, 07/27/46 (144A) (c)

    5,698,454        5,272,264   

Lehman Mortgage Trust
6.197%, 02/25/37 (c) (g)

    10,011,386        3,867,538   

Lehman XS Trust
0.596%, 03/25/47 (c)

    4,208,211        3,383,760   

0.633%, 08/25/46 (c)

    3,348,303        2,645,438   

Luminent Mortgage Trust
0.623%, 05/25/46 (c)

    1,460,305        1,089,831   

MASTR Adjustable Rate Mortgages Trust
2.773%, 11/25/35 (144A) (c)

    79,493        60,027   

MASTR Seasoned Securitization Trust
3.470%, 10/25/32 (c)

    202,849        196,968   

Merrill Lynch Mortgage Investors Trust
2.723%, 08/25/33 (c)

    1,120,401        1,041,837   

2.728%, 05/25/34 (c)

    133,855        131,981   

Morgan Stanley Mortgage Loan Trust
0.753%, 01/25/35 (c)

    1,267,251        1,164,285   

Nomura Resecuritization Trust
0.594%, 07/26/37 (144A) (c)

    3,135,582        3,009,858   

0.626%, 05/26/46 (144A) (c)

    17,785,312        9,948,241   

0.696%, 02/26/46 (144A) (c)

    4,868,000        4,097,182   

NovaStar Mortgage Funding Trust
0.626%, 09/25/46 (c)

    1,176,337        950,026   

Prime Mortgage Trust
5.500%, 05/25/35 (144A)

    1,419,771        1,421,525   

6.000%, 05/25/35 (144A)

    3,073,348        2,835,401   

RBSGC Mortgage Loan Trust
0.883%, 01/25/37 (c)

    1,107,483        643,399   

Residential Accredit Loans, Inc. Trust
0.623%, 05/25/47 (c)

    1,812,322        1,398,998   

0.643%, 04/25/46 (c)

    1,910,934        839,447   

0.693%, 04/25/46 (c)

    991,515        442,067   

1.637%, 11/25/37 (c)

    5,836,739        3,549,238   

Residential Asset Securitization Trust
5.750%, 02/25/36

    3,081,945        2,859,568   

6.117%, 12/25/36 (c) (g)

    15,743,170        5,953,007   
Collateralized Mortgage Obligations—(Continued)  

Sequoia Mortgage Trust
1.198%, 06/20/33 (c)

    173,618      168,035   

Structured Adjustable Rate Mortgage Loan Trust
1.939%, 09/25/37 (c)

    5,572,782        4,795,662   

2.531%, 01/25/35 (c)

    832,804        782,548   

3.007%, 09/25/35 (c)

    1,087,927        894,614   

Structured Asset Mortgage Investments Trust
0.643%, 05/25/46 (c)

    287,488        198,851   

0.713%, 02/25/36 (c)

    5,343,492        4,060,421   

2.639%, 08/25/35 (c)

    96,933        91,648   

Structured Asset Securities Corp. Trust
0.783%, 03/25/35 (c)

    2,397,981        1,798,914   

WaMu Mortgage Pass-Through Certificates Trust

   

0.703%, 12/25/45 (c)

    930,797        853,716   

0.723%, 07/25/45 (c)

    26,947        25,113   

1.132%, 07/25/47 (c)

    172,168        48,812   

1.905%, 03/25/47 (c)

    3,082,195        2,420,818   

2.266%, 09/25/36 (c)

    1,247,487        1,100,355   

2.553%, 10/25/34 (c)

    1,052,437        1,054,205   

6.247%, 04/25/37 (c) (g)

    15,049,063        4,832,031   

Wells Fargo Mortgage-Backed Securities Trust
2.761%, 10/25/35 (c)

    99,141        98,990   

2.765%, 04/25/36 (c)

    135,329        131,153   

2.836%, 06/25/35 (c)

    81,049        82,031   
   

 

 

 
      186,418,354   
   

 

 

 

Commercial Mortgage-Backed Securities—14.1%

  

Americold 2010 LLC Trust
4.954%, 01/14/29 (144A)

    500,000        553,664   

BAMLL Mezzanine Securities Trust
8.916%, 12/15/19 (144A) (c)

    5,700,000        5,357,248   

Bear Stearns Commercial Mortgage Securities Trust
6.158%, 06/11/50 (c)

    1,040,000        972,444   

BLCP Hotel Trust
6.164%, 08/15/29 (144A) (c)

    6,414,136        5,933,076   

Carefree Portfolio Trust
6.413%, 11/15/19 (144A) (c)

    1,000,000        992,502   

8.158%, 11/15/29 (144A) (c)

    6,000,000        5,955,017   

CD Mortgage Trust
5.395%, 01/15/46 (c)

    17,041        17,021   

Citigroup Commercial Mortgage Trust
3.110%, 04/10/48 (144A)

    1,400,000        893,160   

3.208%, 07/10/47 (144A) (c)

    4,398,000        2,838,098   

3.380%, 09/15/27 (144A) (c)

    7,250,000        6,539,089   

6.137%, 12/10/49 (c)

    9,063,000        7,276,354   

Commercial Mortgage Pass-Through Certificates Mortgage Trust
3.000%, 12/10/47 (144A)

    2,230,000        1,378,061   

4.351%, 03/10/46 (144A) (c)

    2,710,000        2,032,039   

4.547%, 08/10/48 (144A) (c)

    5,800,000        3,338,798   

Credit Suisse Commercial Mortgage Trust
4.373%, 09/15/37 (144A)

    1,620,000        1,333,293   

5.373%, 12/15/39

    1,490,209        1,251,882   

 

MSF-237


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  
Commercial Mortgage-Backed Securities—(Continued)  

Credit Suisse Commercial Mortgage Trust
6.143%, 06/15/38 (c)

    2,996,196      $ 2,516,805   

9.168%, 03/15/17 (144A) (c)

    6,400,000        6,201,600   

Credit Suisse European Mortgage Capital, Ltd.
7.165%, 07/20/22 (144A) (EUR) (c)

    1,983,523        2,200,883   

DBUBS Mortgage Trust
3.750%, 08/10/44 (144A)

    5,180,000        3,033,045   

FREMF Mortgage Trust
3.683%, 06/25/21 (144A) (c)

    1,701,464        1,647,019   

4.441%, 09/25/22 (144A) (c)

    6,449,246        6,453,139   

GE Business Loan Trust
0.856%, 05/15/34 (144A) (c)

    903,781        766,089   

GE Commercial Mortgage Corp. Trust
5.677%, 12/10/49 (c)

    240,000        154,800   

GMAC Commercial Mortgage Securities, Inc.
5.349%, 11/10/45 (c)

    2,210,000        2,168,203   

GS Mortgage Securities Trust
5.622%, 11/10/39

    1,225,143        1,127,132   

5.987%, 08/10/45 (c)

    15,370,000        6,148,000   

JPMorgan Chase Commercial Mortgage Securities Trust
3.736%, 08/15/27 (144A) (c)

    460,000        454,415   

4.036%, 06/15/29 (144A) (c)

    3,540,000        3,300,031   

5.386%, 05/15/47 (c)

    2,280,000        1,653,274   

5.411%, 05/15/47

    2,120,000        1,568,800   

5.502%, 06/12/47 (c)

    3,070,000        2,803,127   

6.661%, 10/15/19 (144A) (c)

    9,900,000        9,157,500   

6.664%, 06/15/29 (144A) (c)

    2,000,000        1,919,990   

LB-UBS Commercial Mortgage Trust
6.239%, 09/15/45 (c)

    1,100,000        938,036   

Lone Star Portfolio Trust
1.000%, 09/15/20

    6,544,130        6,151,617   

7.336%, 09/15/28 (144A) (c)

    6,100,222        6,003,429   

ML-CFC Commercial Mortgage Trust
5.450%, 08/12/48 (c)

    1,518,000        1,335,454   

5.450%, 08/12/48 (144A) (c)

    200,000        175,944   

6.174%, 09/12/49 (c)

    9,253,000        7,977,971   

Morgan Stanley Bank of America Merrill Lynch Trust
4.529%, 10/15/48 (144A) (c)

    9,534,000        5,899,661   

Morgan Stanley Capital Trust
5.399%, 12/15/43

    3,561,053        2,886,149   

5.918%, 06/11/49 (c)

    1,680,000        1,558,014   

Multifamily Trust
9.783%, 04/25/46 (144A) (c)

    18,352,555        18,352,555   

PFP III, Ltd.
4.536%, 06/14/31 (144A) (c)

    1,280,000        1,279,148   

UBS-Barclays Commercial Mortgage Trust
4.889%, 05/10/63 (144A) (c)

    4,530,000        2,386,530   

Wachovia Bank Commercial Mortgage Trust
0.641%, 12/15/43 (144A) (c)

    646,000        611,762   

5.413%, 12/15/43 (c)

    1,644,290        1,616,414   

5.568%, 01/15/45 (144A) (c)

    6,466,500        6,281,301   

5.825%, 07/15/45 (c)

    1,720,000        1,682,898   

Waterfall Commercial Mortgage Trust
4.104%, 09/14/22 (144A) (c)

    6,852,848        6,746,457   
Commercial Mortgage-Backed Securities—(Continued)  

WF-RBS Commercial Mortgage Trust
3.016%, 11/15/47 (144A)

    4,441,004      2,635,650   

3.250%, 06/15/46 (144A)

    8,240,000        5,797,733   
   

 

 

 
      180,252,321   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $374,811,842)

      366,670,675   
   

 

 

 
Foreign Government—12.4%   

Regional Government—0.1%

   

Japan Finance Organization for Municipalities
4.000%, 01/13/21

    1,900,000        2,083,725   
   

 

 

 

Sovereign—12.3%

   

Argentina Bonar Bonds
7.000%, 04/17/17

    13,910,000        14,039,440   

Brazil Notas do Tesouro Nacional
10.000%, 01/01/21 (BRL)

    25,000,000        6,092,048   

Brazilian Government International Bond
6.000%, 04/07/26

    6,320,000        6,414,800   

Hungary Government International Bond
5.750%, 11/22/23

    12,214,000        13,911,746   

Indonesia Government International Bond
5.250%, 01/17/42

    22,090,000        22,197,888   

Ivory Coast Government International Bond
5.375%, 07/23/24 (144A)

    2,983,000        2,736,902   

Jamaica Government International Bond
6.750%, 04/28/28 (a)

    3,370,000        3,454,250   

Kazakhstan Government International Bond
5.125%, 07/21/25

    13,880,000        14,292,930   

Mexico Government International Bond
4.750%, 03/08/44

    21,870,000        21,815,325   

Nigeria Government International Bond
6.375%, 07/12/23

    3,720,000        3,422,400   

Peruvian Government International Bond
4.125%, 08/25/27 (a)

    13,930,000        14,591,675   

Poland Government International Bond
4.000%, 01/22/24

    19,410,000        20,724,057   

Portugal Government International Bond
5.125%, 10/15/24 (144A)

    14,000,000        14,086,240   
   

 

 

 
      157,779,701   
   

 

 

 

Total Foreign Government
(Cost $154,789,921)

      159,863,426   
   

 

 

 
Asset-Backed Securities—6.6%   

Asset-Backed - Automobile—0.1%

  

Hertz Vehicle Financing II L.P.
3.520%, 03/25/21 (144A)

    1,300,000        1,295,361   
   

 

 

 

Asset-Backed - Home Equity—0.6%

  

Asset-Backed Securities Corp. Home Equity Loan Trust
3.286%, 04/15/33 (c)

    12,104        11,598   

 

MSF-238


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  
Asset-Backed - Home Equity—(Continued)  

Bear Stearns Asset-Backed Securities Trust
1.176%, 01/25/34 (c)

    25,390      $ 24,244   

EMC Mortgage Loan Trust
0.886%, 05/25/43 (144A) (c)

    722,822        700,078   

1.086%, 05/25/43 (144A) (c)

    7,660,000        6,300,598   

1.133%, 01/25/41 (144A) (c)

    47,054        46,223   

Structured Asset Securities Corp. Mortgage Loan Trust
0.653%, 02/25/36 (144A) (c)

    2,677,658        190,652   
   

 

 

 
      7,273,393   
   

 

 

 

Asset-Backed - Manufactured Housing—1.3%

  

Conseco Financial Corp.
7.030%, 07/15/28

    7,196,634        6,881,792   

Greenpoint Manufactured Housing
3.055%, 03/18/29 (c)

    475,000        411,123   

3.581%, 06/19/29 (c)

    375,000        326,250   

3.925%, 02/20/30 (c)

    350,000        304,500   

Manufactured Housing Contract Trust Pass-Through Certificates
3.929%, 02/20/32 (c)

    275,000        249,629   

3.931%, 03/13/32 (c)

    450,000        403,198   

Mid-State Trust VI
7.340%, 07/01/35

    227,358        241,761   

Origen Manufactured Housing Contract Trust
2.291%, 04/15/37 (c)

    1,712,641        1,511,588   

2.379%, 10/15/37 (c)

    1,919,195        1,674,559   

UCFC Manufactured Housing Contract
7.095%, 04/15/29 (c)

    4,850,000        4,799,824   
   

 

 

 
      16,804,224   
   

 

 

 

Asset-Backed - Other—3.0%

  

ACE Home Equity Loan Trust
0.693%, 02/25/31 (c)

    82,439        80,367   

Amortizing Residential Collateral Trust
2.233%, 08/25/32 (c)

    47,181        41,257   

Bear Stearns Asset-Backed Securities Trust
6.000%, 10/25/36

    2,139,323        1,574,145   

Countrywide Asset-Backed Certificates Trust
2.308%, 06/25/34 (c)

    169,358        153,405   

Countrywide Revolving Home Equity Loan Resecuritization Trust
0.727%, 12/15/33 (144A) (c)

    263,890        218,839   

Countrywide Revolving Home Equity Loan Trust
0.576%, 07/15/36 (c)

    561,521        470,182   

Encore Credit Receivables Trust
1.468%, 10/25/35 (c)

    2,327,806        1,345,335   

First Horizon Asset-Backed Trust
0.593%, 10/25/34 (c)

    54,613        48,974   

GSAMP Trust
0.633%, 01/25/36 (c)

    102,701        16,446   

GSRPM Mortgage Loan Trust
0.733%, 03/25/35 (144A) (c)

    641,886        629,235   

Home Equity Mortgage Loan Asset-Backed Notes
0.603%, 04/25/36 (c)

    175,902        121,906   
Asset-Backed - Other—(Continued)  

HSI Asset Securitization Corp. Trust
0.853%, 11/25/35 (c)

    4,000,000      3,283,316   

Long Beach Mortgage Loan Trust
0.952%, 01/21/31 (c)

    22,534        20,893   

Magnus Dritte Immobilienbesitz und Verwaltungs 1 GmbH
7.250%, 07/01/24 (144A) (EUR)

    4,171,000        4,751,744   

Magnus Relda Holding Vier GmbH
7.000%, 10/28/24 (144A) (EUR)

    5,880,000        6,700,229   

Oaktree CLO, Ltd.
6.224%, 10/20/27 (144A) (c)

    7,050,000        5,562,013   

RAAC Trust
0.686%, 02/25/37 (144A) (c)

    420,484        414,986   

Residential Asset Mortgage Products Trust
0.783%, 07/25/36 (c)

    5,665,000        3,392,751   

SACO I Trust
0.693%, 06/25/36 (c)

    424,831        736,519   

0.773%, 03/25/36 (c)

    111,325        176,405   

Sofi Consumer Loan Program
3.280%, 09/15/23 (144A)

    8,399,341        8,367,861   
   

 

 

 
      38,106,808   
   

 

 

 

Asset-Backed - Student Loan—1.6%

  

DRB Prime Student Loan Trust
3.170%, 07/25/31 (144A)

    5,357,512        5,319,988   

National Collegiate Student Loan Trust
0.703%, 03/26/29 (c)

    2,250,000        1,957,500   

1.283%, 03/25/38 (c)

    8,718,605        4,947,569   

Nelnet Student Loan Trust
Zero Coupon, 03/22/32 (c)

    6,200,000        5,790,571   

Northstar Education Finance, Inc.
1.273%, 10/30/45 (c)

    100,000        77,043   

SoFi Professional Loan Program LLC
Zero Coupon, 08/25/36 (144A)

    500        2,937,500   
   

 

 

 
      21,030,171   
   

 

 

 

Total Asset-Backed Securities
(Cost $87,993,119)

      84,509,957   
   

 

 

 
U.S. Treasury & Government Agencies—2.0%   

Agency Sponsored Mortgage - Backed—0.8%

  

Fannie Mae 15 Yr. Pool
5.500%, 12/01/16

    1,188        1,198   

6.500%, 09/01/16

    44        44   

6.500%, 12/01/16

    1,694        1,707   

6.500%, 01/01/17

    1,043        1,055   

Fannie Mae 20 Yr. Pool
8.500%, 08/01/19

    10,482        11,054   

Fannie Mae 30 Yr. Pool
6.500%, 08/01/31

    1,337        1,529   

6.500%, 10/01/31

    2,035        2,327   

6.500%, 03/01/32

    13,764        15,742   

6.500%, 06/01/37

    34,563        40,363   

7.000%, 05/01/26

    1,441        1,541   

 

MSF-239


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae 30 Yr. Pool
7.000%, 07/01/30

    284      $ 292   

7.000%, 01/01/31

    426        487   

7.000%, 07/01/31

    1,665        1,833   

7.000%, 09/01/31

    3,984        4,513   

7.000%, 10/01/31

    3,432        4,025   

7.000%, 11/01/31

    29,693        34,053   

7.000%, 01/01/32

    6,020        6,195   

7.000%, 02/01/32

    4,728        4,919   

7.500%, 12/01/29

    501        513   

7.500%, 02/01/30

    352        356   

7.500%, 06/01/30

    594        598   

7.500%, 08/01/30

    91        93   

7.500%, 09/01/30

    850        1,000   

7.500%, 11/01/30

    10,685        11,373   

7.500%, 02/01/31

    4,502        4,751   

8.000%, 08/01/27

    1,277        1,453   

8.000%, 07/01/30

    784        902   

8.000%, 09/01/30

    420        437   

Fannie Mae REMICS (CMO)
0.783%, 05/25/34 (c)

    174,181        174,404   

9.750%, 11/25/18

    174,629        187,426   

9.750%, 08/25/19

    58,040        62,271   

Freddie Mac 15 Yr. Gold Pool
7.000%, 05/01/16

    105        104   

Freddie Mac 30 Yr. Gold Pool
6.000%, 12/01/36

    1,256        1,434   

6.000%, 02/01/37

    38,417        43,656   

7.000%, 03/01/39

    199,582        230,708   

Freddie Mac ARM Non-Gold Pool
1.990%, 05/01/37 (c)

    57,628        59,698   

2.247%, 02/01/37 (c)

    27,211        28,294   

2.282%, 03/01/37 (c)

    111,869        116,459   

2.329%, 04/01/37 (c)

    51,972        54,029   

2.535%, 01/01/38 (c)

    30,027        31,781   

2.620%, 05/01/37 (c)

    70,809        75,549   

2.818%, 02/01/36 (c)

    51,256        54,210   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.329%, 08/25/42 (c) (g)

    70,400,000        4,635,326   

Freddie Mac REMICS (CMO)
1,156.500%, 06/15/21 (g)

    6        84   

Ginnie Mae II ARM Pool
2.090%, 01/20/60 (c)

    800,616        817,604   

2.468%, 05/20/60 (c)

    661,945        683,116   

Government National Mortgage Association (CMO)
0.970%, 04/16/52 (c) (g)

    17,911,574        716,664   

1.052%, 09/16/56 (c) (g)

    20,084,228        1,555,793   

1.180%, 03/16/47 (c) (g)

    11,990,815        487,453   
   

 

 

 
      10,170,416   
   

 

 

 

Federal Agencies—0.2%

   

Tennessee Valley Authority
5.250%, 09/15/39

    400,000      510,515   

5.980%, 04/01/36

    1,760,000        2,403,871   
   

 

 

 
      2,914,386   
   

 

 

 

U.S. Treasury—1.0%

  

U.S. Treasury Bonds
3.000%, 11/15/45

    1,680,000        1,813,678   

U.S. Treasury Notes
1.125%, 02/28/21 (a)

    9,500,000        9,461,031   

1.500%, 08/31/18

    220,000        223,721   

1.625%, 02/15/26 (a)

    1,370,000        1,350,093   

2.375%, 08/15/24

    10,000        10,531   
   

 

 

 
      12,859,054   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $26,191,049)

      25,943,856   
   

 

 

 
Floating Rate Loans (h)—0.9%   

Electric—0.5%

  

Energy Future Intermediate Holding Co. LLC Term Loan,
4.250%, 12/19/16

    6,240,991        6,242,289   
   

 

 

 

Oil & Gas—0.3%

  

Hercules Offshore LLC Term Loan,
10.500%, 05/06/20

    5,830,000        4,197,600   
   

 

 

 

Software—0.1%

  

First Data Corp. Extended Term Loan,
3.932%, 03/24/18

    845,511        844,922   
   

 

 

 

Total Floating Rate Loans
(Cost $12,731,674)

      11,284,811   
   

 

 

 
Municipals—0.1%   

Virginia Housing Development Authority
6.000%, 06/25/34
(Cost $900,996)

    913,365        947,652   
   

 

 

 
Preferred Stock—0.1%   

Banks—0.1%

  

Citigroup Capital,
6.988% (c)
(Cost $1,009,688)

    35,900        943,811   
   

 

 

 
Convertible Bond—0.0%   

Mining—0.0%

  

Mirabela Nickel, Ltd.
9.500%, 06/24/19 (144A) (b) (d)
(Cost $1,012,600)

    1,012,600        374,662   
   

 

 

 

 

MSF-240


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Common Stocks—0.0%

 

Security Description  

Shares/

Principal/
Notional
Amount*

    Value  

Energy Equipment & Services—0.0%

  

Hercules Offshore, Inc. (a) (i)

    10,611      $ 25,466   
   

 

 

 

Marine—0.0%

  

Deep Ocean Group Holding A/S (f) (i) (j)

    44,744        244,302   
   

 

 

 

Metals & Mining—0.0%

   

Mirabela Nickel, Ltd. (f) (i) (j)

    901,134        6,908   
   

 

 

 

Total Common Stocks
(Cost $1,494,940)

      276,676   
   

 

 

 
Purchased Option—0.0%   

Currency Option—0.0%

   

USD Call/CAD Put, Strike Price CAD 1.485, Expires 07/27/16 (Counterparty -
Barclays Bank plc)
(Cost $370,008)

    32,400,000        35,640   
   

 

 

 
Short-Term Investments—7.2%   

Mutual Fund—6.7%

   

State Street Navigator Securities Lending MET Portfolio (k)

    85,687,395        85,687,395   
   

 

 

 

Repurchase Agreements—0.5%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/16 at 0.030% to be repurchased at $1,579,752 on 04/01/16, collateralized by $1,595,000 U.S. Treasury Note at 1.375% due 02/29/20 with a value of $1,612,944.

    1,579,750        1,579,750   

Royal Bank of Scotland Group plc Repurchase Agreement dated 03/31/16 at 0.270% to be repurchased at $5,400,041 on 04/01/16, collateralized by $5,429,000 U.S. Treasury Note at 1.750% due 03/31/22 with a value of $5,525,908.

    5,400,000        5,400,000   
   

 

 

 
      6,979,750   
   

 

 

 

Total Short-Term Investments
(Cost $92,667,145)

      92,667,145   
   

 

 

 

Total Investments—105.1%
(Cost $1,393,523,945) (l)

      1,348,995,438   

Other assets and liabilities (net)—(5.1)%

      (65,254,801
   

 

 

 
Net Assets—100.0%     $ 1,283,740,637   
   

 

 

 

 

* Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of March 31, 2016, the market value of securities loaned was $132,530,822 and the collateral received consisted of cash in the amount of $85,687,395 and non-cash collateral with a value of $51,674,343. 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) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(c) Variable or floating rate security. The stated rate represents the rate at March 31, 2016. Maturity date shown for callable securities reflects the earliest possible call date.
(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, 2016, the market value of restricted securities was $1,759,662, which is 0.1% of net assets. See details shown in the Restricted Securities table that follows.
(e) Non-income producing; security is in default and/or issuer is in bankruptcy.
(f) Security was valued in good faith under procedures approved by the Board of Trustees. As of March 31, 2016, these securities represent less than 0.05% of net assets.
(g) Interest only security.
(h) Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(i) Non-income producing security.
(j) Illiquid security. As of March 31, 2016, these securities represent less than 0.05% of net assets.
(k) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(l) As of March 31, 2016, the aggregate cost of investments was $1,393,523,945. The aggregate unrealized appreciation and depreciation of investments were $31,191,829 and $(75,720,336), respectively, resulting in net unrealized depreciation of $(44,528,507).
(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, 2016, the market value of 144A securities was $443,838,560, which is 34.6% of net assets.
(ARM)— Adjustable-Rate Mortgage
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CAD)— Canadian Dollar
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(EUR)— Euro
(GBP)— British Pound
(REMIC)— Real Estate Mortgage Investment Conduit

 

MSF-241


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

 

 

Restricted Securities

   Acquisition Date      Principal
Amount
     Cost      Value  

Compiler Finance Sub, Inc., 7.000%, 05/01/21

     05/02/13       $ 2,950,000       $ 2,941,508       $ 1,327,500   

Midwest Vanadium Pty, Ltd., 11.500%, 02/15/18

     05/05/11 - 05/24/11         1,000,000         1,031,250         57,500   

Mirabela Nickel, Ltd., 9.500%, 06/24/19

     06/06/14 - 06/30/14         1,012,600         1,012,600         374,662   

Mirabela Nickel, Ltd., 1.000%, 09/10/44

     09/10/14         3,452         34         0   
           

 

 

 
            $ 1,759,662   
           

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

      

Counterparty

     Settlement
Date
     In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
AUD     27,040,000        

Barclays Bank plc

       04/12/16         USD           19,378,216         $ 1,341,847   
AUD     539,909        

Citibank N.A.

       04/12/16         USD           386,412           27,306   
AUD     910,006        

Citibank N.A.

       04/12/16         USD           698,178           (863
BRL     45,910,000        

Barclays Bank plc

       04/12/16         USD           12,545,430           192,771   
CAD     31,180,000        

Barclays Bank plc

       04/12/16         USD           22,783,038           1,225,309   
CAD     30,640,000        

Citibank N.A.

       04/12/16         USD           23,609,912           (17,361
CAD     4,000,000        

Citibank N.A.

       04/14/16         USD           2,920,947           159,027   
EUR     9,298,999        

Bank of America N.A.

       04/12/16         USD           10,131,259           452,705   
EUR     35,220,000        

Bank of America N.A.

       04/12/16         USD           38,727,560           1,359,254   
EUR     15,153,947        

Barclays Bank plc

       04/12/16         USD           16,510,301           737,668   
EUR     29,790,000        

Citibank N.A.

       04/12/16         USD           32,335,973           1,570,507   
EUR     319,001        

Citibank N.A.

       05/13/16         USD           359,629           3,786   
EUR     999,438        

Citibank N.A.

       05/13/16         USD           1,112,301           26,287   
EUR     1,715,991        

Citibank N.A.

       05/13/16         USD           1,884,419           70,486   
EUR     2,507,443        

Citibank N.A.

       05/13/16         USD           2,814,831           41,718   
GBP     44,500,000        

Bank of America N.A.

       04/12/16         USD           64,432,885           (518,267
GBP     2,400,000        

Citibank N.A.

       04/12/16         USD           3,343,152           103,928   
ILS     73,570,000        

Citibank N.A.

       04/12/16         USD           18,937,424           650,005   
INR     1,790,140,000        

Bank of America N.A.

       04/12/16         USD           26,416,882           575,579   
JPY     2,117,430,000        

Barclays Bank plc

       04/12/16         USD           18,585,441           234,108   
KRW     39,147,401,219        

Barclays Bank plc

       04/12/16         USD           31,806,468           2,418,075   
MXN     346,307,837        

Citibank N.A.

       04/12/16         USD           19,277,129           749,992   
RUB     934,670,000        

Barclays Bank plc

       04/12/16         USD           12,505,619           1,374,920   
RUB     934,670,000        

Citibank N.A.

       07/14/16         USD           13,583,345           (27,926
SGD     28,350,000        

Barclays Bank plc

       04/12/16         USD           20,221,113           811,815   
TRY     79,140,000        

Citibank N.A.

       04/12/16         USD           26,624,950           1,372,312   
TWD     1,045,790,000        

Bank of America N.A.

       04/12/16         USD           32,548,708           (53,097
ZAR     311,880,000        

Bank of America N.A.

       04/12/16         USD           20,284,746           806,946   

Contracts to Deliver

                                 
AUD     4,200,000        

Citibank N.A.

       04/12/16         USD           2,908,080           (310,273
BRL     45,910,000        

Barclays Bank plc

       04/12/16         USD           10,998,251           (1,739,950
CAD     31,180,000        

Barclays Bank plc

       04/12/16         USD           23,552,055           (456,292
CAD     3,005,010        

Citibank N.A.

       04/12/16         USD           2,091,271           (222,562
CAD     587,238        

Citibank N.A.

       04/12/16         USD           437,329           (14,839
CAD     431,424        

Citibank N.A.

       04/12/16         USD           320,501           (11,691
CAD     66,219        

Citibank N.A.

       05/13/16         USD           48,960           (2,029
CAD     1,757,001        

JPMorgan Chase Bank N.A.

       05/13/16         USD           1,263,448           (89,459
CAD     353,896        

JPMorgan Chase Bank N.A.

       05/13/16         USD           263,383           (9,121
EUR     422,001        

Bank of America N.A.

       04/12/16         USD           473,101           (7,214
EUR     319,001        

Bank of America N.A.

       04/12/16         USD           354,199           (8,882
EUR     194,001        

Bank of America N.A.

       04/12/16         USD           213,993           (6,816
EUR     93,134,558        

Citibank N.A.

       04/12/16         USD           101,310,841           (4,693,354
EUR     2,352,942        

Citibank N.A.

       05/13/16         USD           2,658,754           (21,783
EUR     2,179,002        

Citibank N.A.

       05/13/16         USD           2,422,152           (60,227

 

MSF-242


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

      

Counterparty

     Settlement
Date
     In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
EUR     351,000        

Citibank N.A.

       05/13/16         USD           387,739         $ (12,129
EUR     251,001        

Citibank N.A.

       05/13/16         USD           275,835           (10,112
EUR     242,001        

Citibank N.A.

       05/13/16         USD           268,625           (7,070
EUR     128,001        

Citibank N.A.

       05/13/16         USD           143,535           (2,287
EUR     506,820        

UBS AG

       05/13/16         USD           568,555           (8,828
GBP     44,500,000        

Bank of America N.A.

       04/12/16         USD           63,750,700           (163,918
GBP     27,805,001        

Citibank N.A.

       04/12/16         USD           40,157,512           221,646   
GBP     6,060,754        

Citibank N.A.

       05/13/16         USD           8,747,274           41,535   
KRW     39,147,401,219        

Citibank N.A.

       04/12/16         USD           32,339,861           (1,884,682
KRW     22,469,060,000        

Citibank N.A.

       07/14/16         USD           19,217,465           (381,978
MXN     346,307,837        

Citibank N.A.

       04/12/16         USD           18,083,866           (1,943,255
NOK     273,580,000        

Barclays Bank plc

       04/12/16         USD           31,417,557           (1,643,903
RUB     934,670,000        

Citibank N.A.

       04/12/16         USD           13,908,780           28,240   
SGD     28,350,000        

Bank of America N.A.

       04/12/16         USD           19,712,140           (1,320,788
TRY     79,140,000        

Citibank N.A.

       04/12/16         USD           25,705,321           (2,291,941
TWD     386,400,000        

Barclays Bank plc

       04/12/16         USD           11,766,139           (240,386
TWD     659,390,000        

Citibank N.A.

       04/12/16         USD           19,626,455           (862,631
TWD     1,045,790,000        

Bank of America N.A.

       07/14/16         USD           32,548,708           16,596   
ZAR     311,880,000        

Bank of America N.A.

       04/12/16         USD           19,214,372           (1,877,320
ZAR     105,160,000        

Barclays Bank plc

       04/12/16         USD           6,652,387           (459,330
ZAR     92,380,000        

Barclays Bank plc

       04/12/16         USD           5,886,551           (360,886

Cross Currency Contracts to Buy

                                 
GBP     8,979,476        

Citibank N.A.

       04/12/16         EUR           11,630,000           (339,997
                        

 

 

 

Net Unrealized Depreciation

  

     $ (5,469,079
                        

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

Canadian Bankers’ Acceptance Futures

     03/13/17         335        CAD         83,039,214      $ (7,287

Canadian Bankers’ Acceptance Futures

     06/19/17         239        CAD         59,405,777        (135,208

U.S. Treasury Note 10 Year Futures

     06/21/16         811        USD         105,492,419        254,378   

U.S. Treasury Note 5 Year Futures

     06/30/16         1,001        USD         120,946,773        338,454   

U.S. Treasury Ultra Long Bond Futures

     06/21/16         747        USD         128,278,561        602,282   

U.S. Treasury Ultra Long Bond Futures

     06/21/16         277        USD         38,794,594        193,156   

Futures Contracts—Short

                                

90 Day EuroDollar Futures

     04/18/16         (468     USD         (116,179,479     (83,421

Australia 10 year Bond Futures

     06/15/16         (261     AUD         (34,092,634     (66,181

U.S. Treasury Long Bond Futures

     06/21/16         (1,423     USD         (233,398,909     (595,653
            

 

 

 

Net Unrealized Appreciation

  

  $ 500,520   
            

 

 

 

Written Options

 

Foreign Currency Written Options

  Strike
Price
 

Counterparty

 

Expiration
Date

  Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Depreciation
 

USD Put/CAD Call

  CAD 1.355   Barclays Bank plc   07/27/16     (32,400,000   $ (453,924   $ (1,710,720   $ (1,256,796
         

 

 

   

 

 

   

 

 

 

 

MSF-243


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Written Options—(Continued)

 

 

Options on Exchange-Traded Futures Contracts

   Strike
Price
     Expiration
Date
     Number
of Contracts
  Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Call - U.S. Treasury Note 10 Year Futures

   $ 130.000         04/22/16       (374)   $ (240,285   $ (292,188   $ (51,903

Put - U.S. Treasury Note 10 Year Futures

     130.000         04/22/16       (374)     (185,847     (146,234     39,613   
          

 

 

   

 

 

   

 

 

 

Totals

  $ (426,132   $ (438,422   $ (12,290
          

 

 

   

 

 

   

 

 

 

Swap Agreements

Cross-Currency Swaps

 

Receive

 

Pay

  Maturity
Date (a)
   

Counterparty

  Notional
Amount of
Currency
Received
    Notional
Amount of
Currency
Delivered
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation
 

Fixed Rate equal to 9.005% based on the notional amount of currency delivered

  Fixed rate equal to 7.250% based on the notional amount of currency received     07/01/24      Barclays Bank plc   $ 5,848,000        EUR        4,300,000      $ 1,326,430      $ (4,084   $ 1,330,514   
             

 

 

   

 

 

   

 

 

 

 

(a) At the maturity date, the notional amount of the currency received will be exchanged back for the notional amount of the currency delivered.

OTC Interest Rate Swaps

 

Pay/Receive Floating Rate

   Floating
Rate Index
     Fixed
Rate
    Maturity
Date
    Counterparty     Notional
Amount
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation
 

Pay

     1 Day CDI         1.079     01/04/21        Bank of America N.A.        BRL        190,843,760      $ 1,553,986      $ —        $ 1,553,986   
               

 

 

   

 

 

   

 

 

 

Centrally Cleared Interest Rate Swaps

 

Pay/Receive Floating Rate

   Floating
Rate Index
     Fixed
Rate
    Maturity
Date
     Notional
Amount
     Unrealized
Depreciation
 

Receive

     3M LIBOR         1.674     11/30/22         USD         99,324,000       $ (1,904,034
                

 

 

 

Securities in the amount of $3,518,599 have been received at the custodian bank as collateral for swap contracts.

 

(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CAD)— Canadian Dollar
(EUR)— Euro
(GBP)— British Pound
(ILS)— Israeli Shekel
(INR)— Indian Rupee
(JPY)— Japanese Yen
(KRW)— South Korean Won
(MXN)— Mexican Peso
(NOK)— Norwegian Krone
(RUB)— Russian Ruble
(SGD)— Singapore Dollar
(TRY)— Turkish Lira
(TWD)— Taiwanese Dollar
(USD)— United States Dollar
(ZAR)— South African Rand
(CDI)— Brazil Interbank Deposit Rate
(LIBOR)— London Interbank Offered Rate

 

MSF-244


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Corporate Bonds & Notes            

Advertising

   $ —         $ 117,240       $ —         $ 117,240   

Aerospace/Defense

     —           2,818,574         —           2,818,574   

Agriculture

     —           7,496,433         —           7,496,433   

Airlines

     —           13,873         —           13,873   

Auto Manufacturers

     —           4,722,812         —           4,722,812   

Auto Parts & Equipment

     —           8,002,600         —           8,002,600   

Banks

     —           102,094,586         —           102,094,586   

Beverages

     —           6,058,170         —           6,058,170   

Biotechnology

     —           3,065,171         —           3,065,171   

Building Materials

     —           6,634,750         —           6,634,750   

Chemicals

     —           8,103,734         —           8,103,734   

Coal

     —           1,069,075         —           1,069,075   

Commercial Services

     —           3,919,988         —           3,919,988   

Computers

     —           1,327,500         —           1,327,500   

Distribution/Wholesale

     —           3,826,317         —           3,826,317   

Diversified Financial Services

     —           30,805,084         —           30,805,084   

Electric

     —           21,509,592         —           21,509,592   

Electrical Components & Equipment

     —           707,338         —           707,338   

Electronics

     —           2,372,200         —           2,372,200   

Engineering & Construction

     —           481,600         —           481,600   

Entertainment

     —           4,914,236         —           4,914,236   

Environmental Control

     —           1,477,408         —           1,477,408   

Food

     —           24,450,638         —           24,450,638   

Healthcare-Products

     —           19,720,924         —           19,720,924   

Healthcare-Services

     —           19,720,392         —           19,720,392   

Holding Companies-Diversified

     —           10,538,789         —           10,538,789   

Home Builders

     —           12,090,884         —           12,090,884   

Household Products/Wares

     —           3,109,600         —           3,109,600   

Insurance

     —           2,691,450         —           2,691,450   

Internet

     —           4,320,992         —           4,320,992   

Leisure Time

     —           7,486,350         —           7,486,350   

Lodging

     —           8,420,610         —           8,420,610   

Media

     —           37,785,209         —           37,785,209   

Mining

     —           33,597,578         0         33,597,578   

Miscellaneous Manufacturing

     —           7,359,778         —           7,359,778   

Oil & Gas

     —           50,272,786         —           50,272,786   

Oil & Gas Services

     —           4,721,523         —           4,721,523   

 

MSF-245


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  

Packaging & Containers

   $ —        $ 7,351,049      $ —         $ 7,351,049   

Pharmaceuticals

     —          14,855,811        —           14,855,811   

Pipelines

     —          11,230,210        —           11,230,210   

Real Estate

     —          7,906,264        —           7,906,264   

Real Estate Investment Trusts

     —          3,010,050        —           3,010,050   

Retail

     —          29,266,318        —           29,266,318   

Savings & Loans

     —          3,545,238        —           3,545,238   

Semiconductors

     —          5,238,500        —           5,238,500   

Software

     —          5,056,238        —           5,056,238   

Telecommunications

     —          33,429,792        —           33,429,792   

Transportation

     —          12,940,588        —           12,940,588   

Water

     —          3,821,285        —           3,821,285   

Total Corporate Bonds & Notes

     —          605,477,127        0         605,477,127   

Total Mortgage-Backed Securities*

     —          366,670,675        —           366,670,675   

Total Foreign Government*

     —          159,863,426        —           159,863,426   

Total Asset-Backed Securities*

     —          84,509,957        —           84,509,957   

Total U.S. Treasury & Government Agencies*

     —          25,943,856        —           25,943,856   

Total Floating Rate Loans*

     —          11,284,811        —           11,284,811   

Total Municipals

     —          947,652        —           947,652   

Total Preferred Stock*

     943,811        —          —           943,811   

Total Convertible Bond*

     —          374,662        —           374,662   
Common Stocks          

Energy Equipment & Services

     25,466        —          —           25,466   

Marine

     —          —          244,302         244,302   

Metals & Mining

     —          —          6,908         6,908   

Total Common Stocks

     25,466        —          251,210         276,676   

Total Purchased Option*

     —          35,640        —           35,640   
Short-Term Investments          

Mutual Fund

     85,687,395        —          —           85,687,395   

Repurchase Agreements

     —          6,979,750        —           6,979,750   

Total Short-Term Investments

     85,687,395        6,979,750        —           92,667,145   

Total Investments

   $ 86,656,672      $ 1,262,087,556      $ 251,210       $ 1,348,995,438   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (85,687,395   $ —         $ (85,687,395
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 16,614,368      $ —         $ 16,614,368   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (22,083,447     —           (22,083,447

Total Forward Contracts

   $ —        $ (5,469,079   $ —         $ (5,469,079
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 1,388,270      $ —        $ —         $ 1,388,270   

Futures Contracts (Unrealized Depreciation)

     (887,750     —          —           (887,750

Total Futures Contracts

   $ 500,520      $ —        $ —         $ 500,520   
Written Options          

Foreign Currency Written Options at Value

   $ —        $ (1,710,720   $ —         $ (1,710,720

Options on Exchange-Traded Futures Contracts at Value

     (438,422     —          —           (438,422

Total Written Options

   $ (438,422   $ (1,710,720   $ —         $ (2,149,142
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Depreciation)

   $ —        $ (1,904,034   $ —         $ (1,904,034
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $ —        $ 2,880,416      $ —         $ 2,880,416   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-246


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of March 31, 2016 (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,
2015
     Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases     Balance as of
March 31,
2016
     Change in Unrealized
Appreciation/
(Depreciation) from
Investments Still Held at
March 31, 2016
 
Corporate Bonds & Notes             

Mining

   $ 0       $ (34   $ 34  (a)    $ 0       $ (34
Common Stocks             

Marine

     208,910         35,392        —          244,302         35,392   

Metals & Mining

     0         6,908        —          6,908         6,908   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

Total

   $ 208,910       $ 42,266      $ —        $ 251,210       $ 42,266   
  

 

 

    

 

 

   

 

 

   

 

 

    

 

 

 

 

(a) Purchases include principal payups.

 

MSF-247


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

U.S. Treasury & Government Agencies—82.4% of Net Assets

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—25.8%  

Fannie Mae 15 Yr. Pool
2.500%, TBA (a)

    9,400,000      $ 9,649,688   

3.000%, TBA (a)

    6,200,000        6,476,093   

3.500%, TBA (a)

    15,000,000        15,840,149   

4.500%, 03/01/20

    69,270        71,891   

5.000%, 03/01/18

    64,209        66,394   

6.500%, 06/01/17

    18,822        18,944   

Fannie Mae 20 Yr. Pool
4.500%, 11/01/31

    1,100,974        1,207,419   

4.500%, 12/01/31

    1,533,428        1,681,683   

Fannie Mae 30 Yr. Pool
3.000%, 09/01/42

    11,386,143        11,738,990   

3.000%, TBA (a)

    7,900,000        8,087,007   

3.500%, TBA (a)

    14,300,000        14,968,079   

4.000%, 02/01/40

    996,151        1,085,524   

4.000%, 06/01/42

    8,736,314        9,518,536   

4.000%, 07/01/42

    4,700,542        5,064,191   

4.000%, 05/01/43

    21,310,424        23,153,415   

4.000%, 10/01/43

    11,875,546        12,957,031   

4.000%, TBA (a)

    82,800,000        88,466,625   

4.500%, 04/01/41

    13,072,209        14,270,302   

4.500%, 10/01/41

    9,940,336        10,847,952   

4.500%, 07/01/44

    344,915        381,860   

4.500%, 10/01/44

    2,213,649        2,444,189   

4.500%, 01/01/45

    178,113        198,607   

4.500%, TBA (a)

    5,100,000        5,543,063   

5.000%, 07/01/33

    370,334        411,661   

5.000%, 09/01/33

    441,142        490,358   

5.000%, 10/01/35

    1,235,141        1,372,745   

5.000%, 03/01/36

    2,007,621        2,224,992   

5.000%, 01/01/39

    15,916        17,820   

5.000%, 08/01/39

    38,037        42,697   

5.000%, 12/01/39

    31,719        35,604   

5.000%, 05/01/40

    42,953        47,480   

5.000%, 07/01/40

    55,277        61,973   

5.000%, 11/01/40

    1,475,089        1,655,781   

5.000%, 01/01/41

    68,823        77,220   

5.000%, 02/01/41

    86,579        96,205   

5.000%, 04/01/41

    159,550        178,332   

5.000%, 05/01/41

    3,372,981        3,786,223   

5.000%, 06/01/41

    298,120        334,644   

5.000%, 07/01/41

    3,185,874        3,521,294   

5.000%, TBA (a)

    2,700,000        2,983,922   

6.000%, 04/01/33

    102,685        118,437   

6.000%, 02/01/34

    22,264        25,791   

6.000%, 11/01/35

    226,454        262,138   

6.000%, 08/01/37

    488,198        565,539   

6.500%, 03/01/26

    1,434        1,640   

6.500%, 04/01/29

    68,419        78,250   

7.000%, 11/01/28

    2,113        2,337   

7.000%, 02/01/29

    719        721   

7.000%, 01/01/30

    2,286        2,354   

7.000%, 10/01/37

    26,020        28,217   

7.000%, 11/01/37

    33,552        40,515   

7.000%, 12/01/37

    31,402        38,136   

7.000%, 02/01/38

    25,724        28,647   
Agency Sponsored Mortgage - Backed—(Continued)  

Fannie Mae 30 Yr. Pool
7.000%, 08/01/38

    18,257      19,859   

7.000%, 09/01/38

    3,091        3,203   

7.000%, 11/01/38

    166,802        192,767   

7.000%, 02/01/39

    1,870,841        2,206,082   

7.500%, 04/01/32

    13,948        14,316   

8.000%, 05/01/28

    4,390        5,058   

8.000%, 07/01/32

    899        983   

Fannie Mae ARM Pool
1.968%, 07/01/37 (b)

    48,845        51,718   

Fannie Mae Interest Strip (CMO)
3.500%, 11/25/41 (c)

    3,606,088        582,811   

4.000%, 04/25/42 (c)

    5,086,492        938,889   

4.500%, 11/25/39 (c)

    3,016,983        538,269   

Fannie Mae Pool
3.500%, 08/01/42

    14,117,759        14,833,634   

3.500%, 09/01/42

    958,567        1,007,197   

3.500%, 10/01/42

    6,682,160        7,020,402   

3.500%, 05/01/43

    408,633        429,629   

4.000%, 10/01/42

    4,153,333        4,469,743   

4.000%, 11/01/42

    2,825,361        3,040,419   

4.000%, 07/01/43

    85,010        91,481   

4.000%, 08/01/43

    1,916,337        2,062,037   

5.000%, 05/01/40

    30,205        33,905   

6.500%, 12/01/27

    4,848        4,907   

6.500%, 05/01/32

    26,876        30,133   

Fannie Mae REMIC Trust Whole Loan (CMO)
3.698%, 01/25/43 (b)

    395,654        416,627   

Fannie Mae REMICS (CMO)

   

Zero Coupon, 03/25/42 (d)

    735,146        673,137   

3.000%, 12/25/27 (c)

    9,670,703        913,152   

5.500%, 07/25/41

    7,916,442        9,327,159   

5.500%, 04/25/42

    3,162,478        3,534,403   

5.667%, 09/25/42 (b) (c)

    1,735,589        330,282   

5.717%, 03/25/42 (b) (c)

    11,958,371        1,849,062   

5.717%, 12/25/42 (b) (c)

    1,350,342        317,705   

6.000%, 05/25/42

    2,068,369        2,361,789   

6.097%, 01/25/41 (b) (c)

    1,960,183        368,468   

6.117%, 10/25/41 (b) (c)

    7,207,325        1,299,785   

6.217%, 02/25/41 (b) (c)

    1,222,610        176,517   

6.217%, 03/25/42 (b) (c)

    2,891,573        524,736   

6.500%, 06/25/39

    423,286        472,812   

6.500%, 07/25/42

    3,782,731        4,366,889   

9.750%, 11/25/18

    659,711        708,054   

9.750%, 08/25/19

    212,812        228,326   

Freddie Mac 30 Yr. Gold Pool
3.000%, TBA (a)

    10,000,000        10,220,900   

4.000%, 07/01/43

    6,108,477        6,632,453   

4.000%, 08/01/43

    6,406,087        6,979,570   

4.500%, 06/01/38

    2,434,904        2,650,775   

5.000%, 08/01/33

    30,798        34,266   

5.000%, 06/01/41

    7,700,944        8,558,349   

6.000%, 10/01/36

    1,270,689        1,463,948   

6.500%, 09/01/39

    447,050        514,781   

8.000%, 12/01/19

    1,117        1,125   

8.000%, 09/01/30

    4,503        5,436   

 

MSF-248


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Agency Sponsored Mortgage - Backed—(Continued)  

Freddie Mac 30 Yr. Non-Gold Pool
8.000%, 07/01/20

    1,904      $ 1,918   

Freddie Mac ARM Non-Gold Pool
1.990%, 05/01/37 (b)

    42,000        43,508   

2.247%, 02/01/37 (b)

    19,790        20,577   

2.620%, 05/01/37 (b)

    51,497        54,945   

2.770%, 01/01/35 (b)

    16,119        17,095   

Freddie Mac Gold Pool
3.500%, 10/01/42

    1,406,235        1,478,160   

3.500%, 02/01/44

    632,848        665,296   

4.000%, 04/01/43

    2,061,915        2,219,795   

4.000%, 08/01/43

    1,258,112        1,354,159   

Freddie Mac REMICS (CMO)
4.500%, 04/15/32

    304,579        340,217   

6.000%, 05/15/36

    889,023        1,011,185   

8.500%, 06/15/21

    13,237        14,394   

Ginnie Mae I 30 Yr. Pool
5.500%, 06/15/36

    661,986        754,733   

6.000%, 03/15/33

    1,067,351        1,235,773   

6.500%, 06/15/31

    4,599        5,264   

6.500%, 08/15/34

    263,960        304,464   

7.500%, 09/15/29

    2,440        2,791   

7.500%, 02/15/30

    1,689        1,766   

8.500%, 05/15/18

    4,748        4,767   

8.500%, 06/15/25

    34,258        41,028   

9.000%, 12/15/16

    588        591   

Ginnie Mae II 30 Yr. Pool
3.000%, 09/20/45

    28,706,248        29,775,340   

3.500%, TBA (a)

    24,000,000        25,365,000   

4.000%, 09/20/45

    2,557,499        2,767,828   

4.000%, 11/20/45

    14,014,746        15,168,007   

4.500%, 01/20/40

    1,155,226        1,257,357   

4.500%, 05/20/40

    1,597,881        1,739,153   

4.500%, 09/20/40

    31,693        34,495   

4.500%, 01/20/41

    243,019        264,506   

4.500%, 07/20/41

    1,692,473        1,842,129   

5.000%, 07/20/40

    1,197,799        1,325,060   

6.000%, 11/20/34

    2,117        2,479   

6.000%, 06/20/35

    3,431        4,017   

6.000%, 07/20/36

    213,381        241,912   

6.000%, 09/20/36

    10,425        11,837   

6.000%, 07/20/38

    564,877        640,407   

6.000%, 09/20/38

    1,531,040        1,735,756   

6.000%, 06/20/39

    5,922        6,798   

6.000%, 05/20/40

    131,661        151,016   

6.000%, 06/20/40

    344,095        393,721   

6.000%, 08/20/40

    183,290        209,754   

6.000%, 09/20/40

    468,170        539,561   

6.000%, 10/20/40

    293,971        338,123   

6.000%, 11/20/40

    402,771        456,626   

6.000%, 01/20/41

    382,660        447,605   

6.000%, 03/20/41

    1,622,346        1,839,271   

6.000%, 07/20/41

    320,223        363,040   

6.000%, 12/20/41

    223,157        255,264   

6.500%, 10/20/37

    457,287        545,861   
Agency Sponsored Mortgage - Backed—(Continued)  

Government National Mortgage Association (CMO)
0.364%, 02/16/53 (b) (c)

    17,058,523      618,244   

0.532%, 10/16/54 (b) (c)

    34,816,848        1,316,429   

0.547%, 05/16/54 (b) (c)

    21,751,935        781,488   

0.687%, 03/16/49 (b) (c)

    13,702,324        533,277   

0.769%, 09/16/51 (b) (c)

    74,621,989        4,355,171   

0.798%, 05/16/54 (b) (c)

    19,985,612        1,095,068   

0.805%, 12/20/60 (b)

    19,172,761        18,935,724   

0.825%, 12/20/60 (b)

    6,816,783        6,745,510   

0.837%, 09/16/46 (b) (c)

    65,357,605        2,446,623   

0.894%, 11/16/55 (b) (c)

    30,479,695        2,090,541   

0.901%, 01/16/56 (b) (c)

    65,609,707        5,132,221   

0.905%, 03/20/61 (b)

    5,613,327        5,569,718   

0.918%, 06/16/55 (b) (c)

    15,345,474        850,538   

0.925%, 12/20/60 (b)

    49,769,390        49,284,225   

0.929%, 01/16/57 (b) (c)

    37,898,000        3,081,755   

0.951%, 09/16/55 (b) (c)

    22,370,637        1,418,258   

1.052%, 09/16/56 (b) (c)

    46,245,464        3,582,331   

1.070%, 09/16/44 (b) (c)

    20,619,135        1,302,975   

1.173%, 02/16/46 (b) (c)

    26,143,692        1,785,745   

1.191%, 02/16/48 (b) (c)

    12,933,634        816,193   

2.250%, 03/16/35

    5,814,523        5,851,749   

5.659%, 08/16/42 (b) (c)

    1,750,034        280,479   

6.068%, 03/20/39 (b) (c)

    565,703        48,615   

6.218%, 01/20/40 (b) (c)

    1,423,983        181,475   
   

 

 

 
      580,175,954   
   

 

 

 

Federal Agencies—36.9%

  

Federal Farm Credit Bank
0.500%, 08/23/16

    25,000,000        25,013,100   

0.650%, 06/19/17

    15,000,000        15,002,085   

1.100%, 06/01/18

    20,000,000        20,063,680   

1.950%, 11/15/17

    19,980,000        20,347,912   

Federal Home Loan Bank
0.500%, 10/17/16

    15,000,000        15,003,735   

0.625%, 11/23/16

    20,000,000        20,009,400   

0.625%, 10/26/17 (e)

    18,000,000        17,964,684   

0.750%, 03/24/17

    23,000,000        23,046,253   

0.875%, 03/19/18

    20,000,000        20,034,080   

2.000%, 09/09/16

    20,000,000        20,137,020   

2.125%, 06/09/23

    17,700,000        17,986,899   

2.750%, 06/08/18 (e)

    15,000,000        15,621,795   

5.250%, 12/11/20

    12,000,000        14,156,748   

Federal Home Loan Bank of Chicago
5.625%, 06/13/16

    43,170,000        43,607,183   

Federal Home Loan Mortgage Corp. Zero Coupon, 11/29/19

    10,000,000        9,474,300   

1.125%, 04/15/19

    30,000,000        30,117,780   

5.000%, 12/14/18 (e)

    12,741,000        13,978,941   

Federal National Mortgage Association Zero Coupon, 10/09/19

    50,000,000        47,504,050   

2.625%, 09/06/24

    22,000,000        23,188,440   

6.000%, 04/18/36

    9,700,000        9,724,570   

 

MSF-249


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  
Federal Agencies—(Continued)  

Financing Corp. Fico
Zero Coupon, 10/06/17

    20,433,000      $ 20,180,407   

Zero Coupon, 05/11/18

    40,000,000        39,160,400   

Zero Coupon, 08/03/18

    7,638,000        7,470,185   

Zero Coupon, 12/27/18

    16,254,000        15,798,173   

Zero Coupon, 06/06/19

    26,414,000        25,104,103   

Zero Coupon, 09/26/19

    14,535,000        13,929,152   

Government Trust Certificates
Zero Coupon, 10/01/16

    8,567,000        8,540,134   

National Archives Facility Trust
8.500%, 09/01/19

    1,998,740        2,266,971   

New Valley Generation II
5.572%, 05/01/20

    7,448,570        8,081,698   

Overseas Private Investment Corp.
Zero Coupon, 11/11/16 (f)

    8,500,000        8,540,375   

Zero Coupon, 11/17/16

    26,000,000        27,866,600   

Zero Coupon, 11/18/16

    12,000,000        12,033,744   

Zero Coupon, 11/17/17

    4,700,000        4,969,968   

Zero Coupon, 07/30/19

    20,000,000        20,950,280   

Zero Coupon, 11/13/19

    5,000,000        5,245,435   

2.310%, 11/15/30

    8,754,872        8,765,107   

3.330%, 05/15/33

    6,812,512        7,182,118   

3.490%, 12/20/29

    12,334,741        13,043,385   

Residual Funding Corp. Principal Strip

   

Zero Coupon, 10/15/19

    10,642,000        10,157,310   

Zero Coupon, 07/15/20

    10,000,000        9,368,930   

Zero Coupon, 10/15/20

    38,159,000        35,542,399   

Tennessee Valley Authority
1.750%, 10/15/18

    20,000,000        20,384,620   

3.875%, 02/15/21

    35,000,000        38,923,955   

4.500%, 04/01/18

    20,000,000        21,468,880   

5.500%, 07/18/17

    23,306,000        24,715,011   
   

 

 

 
      831,671,995   
   

 

 

 

U.S. Treasury—19.7%

  

U.S. Treasury Bonds
2.875%, 05/15/43

    5,000,000        5,268,555   

3.000%, 11/15/44

    3,500,000        3,776,857   

5.250%, 02/15/29

    16,000,000        21,967,504   

U.S. Treasury Inflation Indexed Bonds
0.625%, 01/15/26 (e) (g)

    17,946,360        18,761,663   

0.625%, 02/15/43 (g)

    10,098,018        9,478,727   

0.750%, 02/15/45 (g)

    12,374,292        11,971,967   

1.000%, 02/15/46 (g)

    13,797,654        14,390,167   

1.375%, 02/15/44 (g)

    28,360,350        31,749,922   

U.S. Treasury Notes
0.500%, 04/30/17 (e)

    10,000,000        9,985,160   

0.625%, 05/31/17

    10,000,000        9,993,900   

0.875%, 01/31/17

    15,000,000        15,033,405   

1.875%, 09/30/17

    5,000,000        5,086,330   

1.875%, 05/31/22 (e)

    89,000,000        91,200,703   

2.000%, 11/30/22

    19,280,000        19,865,186   

2.125%, 12/31/21 (e)

    130,000,000        135,205,070   

2.625%, 11/15/20

    19,900,000        21,165,521   
U.S. Treasury—(Continued)  

U.S. Treasury Notes
3.125%, 01/31/17

    18,000,000      18,371,952   
   

 

 

 
      443,272,589   
   

 

 

 

Total U.S. Treasury & Government Agencies (Cost $1,843,115,907)

      1,855,120,538   
   

 

 

 
Corporate Bonds & Notes—9.3%   

Banks—0.8%

  

National Australia Bank, Ltd.
1.250%, 03/08/18 (144A) (e)

    13,000,000        12,997,114   

Stadshypotek AB
1.875%, 10/02/19 (144A) (e)

    5,000,000        5,020,350   
   

 

 

 
      18,017,464   
   

 

 

 

Diversified Financial Services—8.1%

  

COP I LLC
3.650%, 12/05/21

    7,718,415        8,164,563   

National Credit Union Administration Guaranteed Notes
3.000%, 06/12/19

    19,650,000        20,822,908   

3.450%, 06/12/21

    45,000,000        49,212,000   

Postal Square L.P.
6.500%, 06/15/22

    7,592,940        8,566,044   

Private Export Funding Corp.
1.375%, 02/15/17

    25,000,000        25,133,525   

2.250%, 12/15/17

    40,000,000        40,836,760   

2.300%, 09/15/20

    28,000,000        29,044,400   
   

 

 

 
      181,780,200   
   

 

 

 

Multi-National—0.1%

  

Asian Development Bank
2.125%, 03/19/25

    2,000,000        2,027,608   
   

 

 

 

Oil & Gas—0.3%

  

Ecopetrol S.A.
5.375%, 06/26/26 (e)

    4,260,000        3,876,600   

Petroleos Mexicanos
6.375%, 01/23/45

    3,610,000        3,346,470   
   

 

 

 
      7,223,070   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $185,772,562)

      209,048,342   
   

 

 

 
Foreign Government—8.2%   

Sovereign—8.2%

  

Colombia Government International Bond
5.625%, 02/26/44

    4,840,000        4,815,800   

Indonesia Government International Bonds
3.750%, 04/25/22 (144A)

    410,000        413,307   

3.750%, 04/25/22

    1,900,000        1,915,325   

4.875%, 05/05/21

    2,957,000        3,183,814   

 

MSF-250


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Foreign Government—(Continued)

 

Security Description   Principal
Amount*
    Value  
Sovereign—(Continued)  

Indonesia Government International Bonds
5.875%, 03/13/20

    310,000      $ 344,779   

5.875%, 01/15/24 (144A) (e)

    1,060,000        1,190,388   

Israel Government AID Bonds
Zero Coupon, 08/15/16

    28,251,000        28,209,160   

Zero Coupon, 09/15/16

    10,000,000        9,978,320   

Zero Coupon, 11/15/18

    20,869,000        20,362,029   

5.500%, 12/04/23

    24,290,000        30,056,738   

5.500%, 04/26/24 (e)

    20,950,000        26,141,410   

Mexico Government International Bond
5.550%, 01/21/45

    11,480,000        12,714,100   

Peruvian Government International Bond
5.625%, 11/18/50

    4,000,000        4,500,000   

Poland Government International Bond
4.000%, 01/22/24 (e)

    7,870,000        8,402,799   

Turkey Government International Bonds
5.625%, 03/30/21

    1,078,000        1,163,059   

6.250%, 09/26/22

    2,205,000        2,451,960   

7.000%, 03/11/19

    1,660,000        1,836,790   

7.500%, 11/07/19

    540,000        615,744   

Ukraine Government AID Bond
1.844%, 05/16/19

    25,000,000        25,340,750   
   

 

 

 

Total Foreign Government
(Cost $178,611,941)

      183,636,272   
   

 

 

 
Mortgage-Backed Securities—6.1%   

Collateralized Mortgage Obligations—5.4%

  

American Home Mortgage Assets Trust
0.623%, 09/25/46 (b)

    862,907        585,637   

0.623%, 12/25/46 (b)

    2,615,824        1,632,796   

Banc of America Funding Corp.
0.586%, 02/27/37 (144A) (b)

    12,713,182        11,974,797   

Banc of America Funding Trust
0.601%, 09/29/36 (144A) (b)

    12,175,651        11,589,129   

2.085%, 06/20/35 (b)

    322,656        199,377   

Banc of America Mortgage Trust
2.788%, 07/25/35 (b)

    111,216        101,870   

BCAP LLC Trust
0.586%, 11/27/36 (144A) (b)

    19,457,340        17,908,856   

Citigroup Mortgage Loan Trust, Inc.
2.730%, 10/25/35 (b)

    217,907        214,264   

Countrywide Alternative Loan Trust
0.632%, 07/20/46 (b)

    2,988,524        2,042,905   

1.013%, 05/25/34 (b)

    2,306,836        2,205,578   

Countrywide Home Loan Reperforming Loan REMIC Trust
0.853%, 07/25/36 (144A) (b)

    832,446        748,823   

Fannie Mae Connecticut Avenue Securities
1.933%, 02/25/25 (b)

    2,783,429        2,786,308   

First Horizon Alternative Mortgage Securities Trust
0.803%, 02/25/37 (b)

    255,704        117,840   
Collateralized Mortgage Obligations—(Continued)  

Freddie Mac Structured Agency Credit Risk Debt Notes
2.083%, 04/25/24 (b)

    7,000,000      6,922,875   

2.633%, 02/25/24 (b)

    5,000,000        4,992,010   

2.633%, 09/25/24 (b)

    8,000,000        7,899,332   

GMAC Mortgage Corp. Loan Trust
3.006%, 11/19/35 (b)

    749,212        665,743   

Greenpoint Mortgage Funding Trust
0.513%, 02/25/47 (b)

    27,744        27,175   

GSMPS Mortgage Loan Trust
0.783%, 01/25/35 (144A) (b)

    399,194        329,626   

3.418%, 06/25/34 (144A) (b)

    4,221,219        3,954,261   

GSR Mortgage Loan Trust
2.714%, 04/25/35 (b)

    722,780        700,149   

HarborView Mortgage Loan Trust
0.632%, 09/19/46 (b)

    348,546        252,084   

JPMorgan Mortgage Trust
2.271%, 06/25/34 (b)

    214,984        211,412   

JPMorgan Resecuritization Trust
0.596%, 12/27/36 (144A) (b)

    10,084,496        9,809,041   

MASTR Adjustable Rate Mortgages Trust
0.633%, 05/25/47 (b)

    6,298,772        4,917,003   

2.341%, 02/25/34 (b)

    237,076        229,665   

3.526%, 12/25/34 (b)

    19,190        18,398   

MASTR Reperforming Loan Trust
0.783%, 05/25/35 (144A) (b)

    333,178        262,888   

3.459%, 05/25/35 (144A) (b)

    4,150,100        3,369,814   

4.598%, 05/25/36 (144A) (b)

    3,423,432        3,097,179   

7.000%, 08/25/34 (144A)

    420,844        429,117   

Morgan Stanley Mortgage Loan Trust
0.503%, 06/25/36 (b)

    690,029        318,670   

2.856%, 07/25/35 (b)

    302,400        271,559   

Morgan Stanley Resecuritization Trust
0.661%, 10/26/46 (144A) (b)

    6,805,860        6,620,287   

NovaStar Mortgage Funding Trust
0.626%, 09/25/46 (b)

    2,312,110        1,867,293   

Provident Funding Mortgage Loan Trust
2.549%, 10/25/35 (b)

    111,382        108,311   

2.691%, 05/25/35 (b)

    871,804        867,016   

RFMSI Trust
4.750%, 12/25/18

    161,805        163,014   

SACO I Trust
9.006%, 06/25/21 (144A) (b)

    1,311,222        1,357,414   

Structured Adjustable Rate Mortgage Loan Trust
2.694%, 05/25/35 (b)

    4,053,289        3,711,064   

Structured Asset Mortgage Investments Trust
0.613%, 07/25/46 (b)

    274,694        205,944   

Structured Asset Securities Corp.
0.783%, 04/25/35 (144A) (b)

    2,840,661        2,321,210   

3.387%, 06/25/35 (144A) (b)

    169,652        149,626   

Structured Asset Securities Corp. Mortgage Loan Trust
1.233%, 09/25/33 (144A) (b)

    49,233        48,368   

WaMu Mortgage Pass-Through Certificates Trust
0.693%, 11/25/45 (b)

    28,831        26,237   

0.703%, 12/25/45 (b)

    2,024,824        1,881,590   

 

MSF-251


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description       
Principal
Amount*
    Value  
Collateralized Mortgage Obligations—(Continued)  

WaMu Mortgage Pass-Through Certificates Trust
0.723%, 12/25/45 (b)

    163,591      $ 139,723   

0.753%, 08/25/45 (b)

    183,368        168,380   
   

 

 

 
      120,421,658   
   

 

 

 

Commercial Mortgage-Backed Securities—0.7%

  

FDIC Structured Sale Guaranteed Notes
2.980%, 12/06/20 (144A)

    8,505,613        8,653,753   

National Credit Union Administration Guaranteed Notes Trust
2.900%, 10/29/20

    7,049,408        7,053,431   
   

 

 

 
      15,707,184   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $137,903,365)

      136,128,842   
   

 

 

 
Asset-Backed Securities—1.5%                

Asset-Backed - Home Equity—0.1%

   

EMC Mortgage Loan Trust
0.886%, 12/25/42 (144A) (b)

    53,789        50,893   

Home Equity Mortgage Loan Asset-Backed Trust
0.693%, 06/25/36 (b)

    4,106,574        790,605   

Morgan Stanley Mortgage Loan Trust
0.523%, 12/25/36 (b)

    241,498        119,269   

0.733%, 03/25/36 (b)

    1,768,333        1,056,287   

Option One Mortgage Loan Trust
1.013%, 06/25/33 (b)

    135,897        122,665   

Structured Asset Securities Corp. Mortgage Loan Trust
0.653%, 02/25/36 (144A) (b)

    4,801,317        341,859   
   

 

 

 
      2,481,578   
   

 

 

 

Asset-Backed - Other—0.2%

   

Countrywide Home Equity Loan Trust
0.586%, 11/15/36 (b)

    51,081        39,635   

0.716%, 02/15/34 (b)

    224,135        204,536   

0.726%, 02/15/34 (b)

    116,795        106,111   

Countrywide Revolving Home Equity Loan Trust
0.576%, 07/15/36 (b)

    1,113,359        932,257   

GMAC Mortgage Corp. Loan Trust
0.616%, 12/25/36 (b)

    515,476        448,281   

GSR Mortgage Loan Trust
0.976%, 11/25/30 (b)

    1,243        98   

RAAC Trust
0.706%, 05/25/36 (144A) (b)

    1,368,313        1,220,651   

SACO I Trust
0.693%, 06/25/36 (b)

    752,771        1,305,060   

0.733%, 04/25/36 (b)

    289,369        515,922   
   

 

 

 
      4,772,551   
   

 

 

 

Asset-Backed - Student Loan—1.2%

   

National Credit Union Administration Guaranteed Notes Trust
0.792%, 12/07/20 (b)

    5,823,851      5,810,340   

Nelnet Student Loan Trust
2.279%, 11/25/24 (b)

    5,930,000        5,941,975   

SLM Student Loan Trust
0.659%, 01/25/19 (b)

    7,056,127        6,982,758   

0.659%, 04/25/19 (b)

    3,318,704        3,273,534   

2.269%, 07/25/22 (b)

    5,065,000        5,044,322   
   

 

 

 
      27,052,929   
   

 

 

 

Total Asset-Backed Securities
(Cost $38,883,801)

      34,307,058   
   

 

 

 
Short-Term Investments—2.6%                

Mutual Fund—1.8%

   

State Street Navigator Securities Lending MET Portfolio (h)

    40,285,755        40,285,755   
   

 

 

 

Repurchase Agreements—0.8%

   

Bank of America Securities LLC Repurchase Agreement dated 03/31/16 at
0.270% to be repurchased at $17,600,132 on 04/01/16, collateralized by $14,836,300 U.S. Treasury Bond at 3.625% due 02/15/44 with a value of $17,998,865.

    17,600,000        17,600,000   

Fixed Income Clearing Corp. Repurchase Agreement dated 03/31/16 at
0.030% to be repurchased at $1,050,349 on 04/01/16, collateralized by $1,045,000 U.S. Treasury Note at 1.875% due 10/31/22 with a value of $1,075,044.

    1,050,349        1,050,349   
   

 

 

 
      18,650,349   
   

 

 

 

Total Short-Term Investments
(Cost $58,936,104)

      58,936,104   
   

 

 

 

Total Investments—110.1%
(Cost $2,443,223,680) (i)

      2,477,177,156   

Other assets and liabilities (net)—(10.1)%

      (226,906,201
   

 

 

 
Net Assets—100.0%     $ 2,250,270,955   
   

 

 

 

 

* 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, 2016. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.
(d) Principal only security.

 

MSF-252


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2016 (Unaudited)

 

(e) All or a portion of the security was held on loan. As of March 31, 2016, the market value of securities loaned was $140,028,800 and the collateral received consisted of cash in the amount of $40,285,755 and non-cash collateral with a value of $103,052,340. 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) Illiquid security. As of March 31, 2016, these securities represent 0.4% of net assets.
(g) Principal amount of security is adjusted for inflation.
(h) Represents investment of cash collateral received from securities on loan as of March 31, 2016.
(i) As of March 31, 2016, the aggregate cost of investments was $2,443,223,680. The aggregate unrealized appreciation and depreciation of investments were $67,749,209 and $(33,795,733), respectively, resulting in net unrealized appreciation of $33,953,476.
(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, 2016, the market value of 144A securities was $103,858,751, which is 4.6% of net assets.
(ARM)— Adjustable-Rate Mortgage
(CMO)— Collateralized Mortgage Obligation
(REMIC)— Real Estate Mortgage Investment Conduit

 

Futures Contracts

Futures Contracts – Short

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

90 Day EuroDollar Futures

     12/19/16         (227     USD         (56,139,938   $ (141,875

90 Day EuroDollar Futures

     12/18/17         (223     USD         (55,175,050     2,063   

U.S. Treasury Long Bond Futures

     06/21/16         (327     USD         (53,838,750     67,687   

U.S. Treasury Note 10 Year Futures

     06/21/16         (83     USD         (10,730,074     (92,348

U.S. Treasury Note 5 Year Futures

     06/30/16         (295     USD         (35,495,994     (247,404
            

 

 

 

Net Unrealized Depreciation

  

  $ (411,877
            

 

 

 

 

(USD)— United States Dollar

 

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Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of March 31, 2016 (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, separately for each major category of assets and liabilities, 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, quoted prices for similar assets or liabilities 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, or other market corroborated inputs)

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 used in determining the fair value of investments and derivative financial instruments)

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, 2016:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 1,855,120,538      $ —         $ 1,855,120,538   

Total Corporate Bonds & Notes*

     —          209,048,342        —           209,048,342   

Total Foreign Government*

     —          183,636,272        —           183,636,272   

Total Mortgage-Backed Securities*

     —          136,128,842        —           136,128,842   

Total Asset-Backed Securities*

     —          34,307,058        —           34,307,058   
Short-Term Investments          

Mutual Fund

     40,285,755        —          —           40,285,755   

Repurchase Agreements

     —          18,650,349        —           18,650,349   

Total Short-Term Investments

     40,285,755        18,650,349        —           58,936,104   

Total Investments

   $ 40,285,755      $ 2,436,891,401      $ —         $ 2,477,177,156   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (40,285,755   $ —         $ (40,285,755
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 69,750      $ —        $ —         $ 69,750   

Futures Contracts (Unrealized Depreciation)

     (481,627     —          —           (481,627

Total Futures Contracts

   $ (411,877   $ —        $ —         $ (411,877

 

* See Schedule of Investments for additional detailed categorizations.

 

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Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements:

 

Debt securities, including corporate, convertible and municipal bonds and notes; obligations of the U.S. treasury and U.S. government agencies; sovereign issues; 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 (the “Adviser”), an affiliate of MetLife, Inc., pursuant to authorization of and subject to general oversight by 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 assets. Floating rate loans are valued at the average of aggregate bid and ask quotations supplied by brokers or dealers in the loans, as obtained from an independent pricing service. 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 and subject to general oversight by the Board. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market based yield spreads for each tranche 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, as long as the amortized cost value is approximately the same as the fair value of the instrument, 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 or official closing 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 (“OTC”) 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 broker-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 last reported bid price. These types of options are categorized as Level 1 within the fair value hierarchy. Futures contracts that 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, including swaptions, and futures contracts that are traded OTC 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 observable data, including the underlying reference securities or indices, credit spread quotations and expected default recovery rates determined by the pricing service. 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

 

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Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements—(Continued)

 

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 securities are categorized as Level 2 within 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 within 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 an investment, the fair value of the investment will be determined in accordance with procedures approved by and under the general supervision of the Board. In such a circumstance, the Board will be assisted in its responsibility to determine the fair value of an investment by the Valuation Committee (“Committee”) of the Adviser. 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 an investment can be set forth because fair value depends upon the facts and circumstances with respect to each investment. 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, a discounted cash flow analysis, 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.

For information regarding a Portfolio’s other significant accounting policies, please refer to the Portfolio’s most recent Semiannual or Annual Report.

 

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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.


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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 23, 2016

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 23, 2016
By:   /s/ Peter H. Duffy
  Peter H. Duffy
  Chief Financial Officer and Treasurer
Date:   May 23, 2016