N-Q 1 d267030dnq.htm METROPOLITAN SERIES FUND Metropolitan Series Fund
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-3618

 

 

Metropolitan Series Fund

(Exact name of registrant as specified in charter)

 

 

One Financial Center

Boston, Massachusetts 02111

(Address of principal executive offices)(Zip code)

 

 

 

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

Peter H. Duffy

MetLife Advisers, LLC

One Financial Center

Boston, Massachusetts 02111

 

Brian McCabe, Esq.

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199

 

 

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 September 30, 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

     
           
     

September 30, 2016

 

           
   LOGO


Table of Contents

Metropolitan Series Fund

Table of Contents

 

Schedule of Investments as of September 30, 2016 (Unaudited)   

Baillie Gifford International Stock Portfolio

   MSF-1

Barclays Aggregate Bond Index Portfolio

   MSF-5

BlackRock Bond Income Portfolio

   MSF-20

BlackRock Capital Appreciation Portfolio

   MSF-61

BlackRock Large Cap Value Portfolio

   MSF-65

BlackRock Ultra-Short Term Bond Portfolio

   MSF-69

Frontier Mid Cap Growth Portfolio

   MSF-72

Jennison Growth Portfolio

   MSF-76

Loomis Sayles Small Cap Core Portfolio

   MSF-80

Loomis Sayles Small Cap Growth Portfolio

   MSF-86

Met/Artisan Mid Cap Value Portfolio

   MSF-90

Met/Dimensional International Small Company Portfolio

   MSF-93

Met/Wellington Balanced Portfolio

   MSF-129

Met/Wellington Core Equity Opportunities Portfolio

   MSF-160

MetLife Asset Allocation 20 Portfolio

   MSF-163

MetLife Asset Allocation 40 Portfolio

   MSF-165

MetLife Asset Allocation 60 Portfolio

   MSF-167

MetLife Asset Allocation 80 Portfolio

   MSF-169

MetLife Mid Cap Stock Index Portfolio

   MSF-171

MetLife Stock Index Portfolio

   MSF-179

MFS Total Return Portfolio

   MSF-188

MFS Value Portfolio

   MSF-202

MSCI EAFE Index Portfolio

   MSF-207

Neuberger Berman Genesis Portfolio

   MSF-219

Russell 2000 Index Portfolio

   MSF-223

T. Rowe Price Large Cap Growth Portfolio

   MSF-244

T. Rowe Price Small Cap Growth Portfolio

   MSF-250

Van Eck Global Natural Resources Portfolio

   MSF-258

Western Asset Management Strategic Bond Opportunities Portfolio

   MSF-261

Western Asset Management U.S. Government Portfolio

   MSF-287

Notes to Schedule of Investments

   MSF-294

 

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 September 30, 2016 (Unaudited)

Common Stocks—97.9% of Net Assets

 

Security Description   Shares     Value  

Argentina—2.2%

  

MercadoLibre, Inc.

    203,460      $ 37,633,996   
   

 

 

 

Australia—2.7%

  

Brambles, Ltd.

    2,111,635        19,416,841   

Cochlear, Ltd.

    202,136        21,912,267   

Seek, Ltd.

    530,960        6,342,013   
   

 

 

 
      47,671,121   
   

 

 

 

Brazil—0.8%

  

Itau Unibanco Holding S.A. (ADR) (a)

    1,231,649        13,474,240   
   

 

 

 

Canada—4.9%

  

Constellation Software, Inc.

    48,031        21,652,116   

Fairfax Financial Holdings, Ltd.

    58,827        34,468,914   

Restaurant Brands International, Inc.

    336,536        15,006,178   

Ritchie Bros. Auctioneers, Inc.

    399,424        14,007,800   
   

 

 

 
      85,135,008   
   

 

 

 

China—3.5%

  

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

    173,746        18,380,589   

Baidu, Inc. (ADR) (b)

    138,005        25,126,571   

Ctrip.com International, Ltd. (ADR) (a) (b)

    375,809        17,501,425   
   

 

 

 
      61,008,585   
   

 

 

 

Denmark—4.0%

  

DSV A/S

    435,546        21,749,992   

Novo Nordisk A/S - Class B

    509,394        21,224,143   

Novozymes A/S - B Shares

    396,100        17,419,886   

Pandora A/S

    78,842        9,559,964   
   

 

 

 
      69,953,985   
   

 

 

 

Finland—2.1%

  

Kone Oyj - Class B

    424,391        21,533,198   

Sampo Oyj - A Shares

    358,314        15,938,447   
   

 

 

 
      37,471,645   
   

 

 

 

France—3.2%

  

Bureau Veritas S.A.

    338,709        7,265,429   

Edenred

    481,370        11,255,642   

Essilor International S.A.

    132,777        17,123,434   

Legrand S.A.

    354,259        20,887,333   
   

 

 

 
      56,531,838   
   

 

 

 

Germany—5.5%

  

Brenntag AG

    266,377        14,535,941   

Continental AG

    72,769        15,299,344   

Deutsche Boerse AG (b)

    338,807        27,433,857   

MTU Aero Engines AG

    112,440        11,374,992   

SAP SE

    294,510        26,796,867   
   

 

 

 
      95,441,001   
   

 

 

 

Hong Kong—2.6%

  

Hang Seng Bank, Ltd.

    1,024,300        18,395,351   

Hong Kong Exchanges and Clearing, Ltd.

    1,058,800        27,930,552   
   

 

 

 
      46,325,903   
   

 

 

 

Ireland—6.3%

  

CRH plc

    781,349      25,908,931   

Experian plc

    1,232,795        24,700,035   

James Hardie Industries plc

    1,487,219        23,328,005   

Ryanair Holdings plc (ADR)

    470,454        35,298,163   
   

 

 

 
      109,235,134   
   

 

 

 

Japan—13.7%

  

Denso Corp.

    461,300        18,416,080   

FANUC Corp.

    96,200        16,281,548   

Fast Retailing Co., Ltd.

    39,800        12,815,630   

Japan Exchange Group, Inc.

    2,388,700        37,377,515   

MS&AD Insurance Group Holdings, Inc.

    584,400        16,302,835   

Nidec Corp.

    214,700        19,752,637   

Rakuten, Inc.

    2,045,000        26,601,588   

Shimano, Inc.

    145,100        21,509,511   

SMC Corp.

    86,300        24,894,993   

Square Enix Holdings Co., Ltd.

    153,400        5,270,824   

Sumitomo Mitsui Trust Holdings, Inc.

    625,400        20,296,119   

Toyota Tsusho Corp.

    816,100        18,929,624   
   

 

 

 
      238,448,904   
   

 

 

 

Netherlands—1.5%

  

Heineken Holding NV

    334,621        26,826,406   
   

 

 

 

Panama—1.0%

  

Copa Holdings S.A. - Class A

    202,473        17,803,451   
   

 

 

 

Peru—0.8%

  

Credicorp, Ltd.

    88,859        13,526,117   
   

 

 

 

Russia—2.0%

  

Magnit PJSC (GDR)

    463,363        19,317,603   

Yandex NV - Class A (b)

    730,656        15,380,309   
   

 

 

 
      34,697,912   
   

 

 

 

Singapore—1.3%

  

United Overseas Bank, Ltd.

    1,654,257        22,977,995   
   

 

 

 

South Africa—3.3%

  

Naspers, Ltd. - N Shares

    332,641        57,649,137   
   

 

 

 

South Korea—5.6%

  

NAVER Corp.

    27,276        21,895,839   

Samsung Electronics Co., Ltd.

    41,809        60,934,394   

SK Telecom Co., Ltd.

    76,078        15,568,964   
   

 

 

 
      98,399,197   
   

 

 

 

Spain—2.9%

  

Bankinter S.A.

    2,306,268        16,404,595   

Industria de Diseno Textil S.A.

    902,358        33,450,889   
   

 

 

 
      49,855,484   
   

 

 

 

Sweden—4.8%

  

Atlas Copco AB - B Shares

    1,289,563        35,209,578   

Svenska Handelsbanken AB - A Shares

    2,612,943        35,883,144   

 

MSF-1


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Sweden—(Continued)

  

Volvo AB - B Shares

    1,067,847      $ 12,178,411   
   

 

 

 
      83,271,133   
   

 

 

 

Switzerland—5.2%

  

Cie Financiere Richemont S.A.

    262,716        15,996,174   

LafargeHolcim, Ltd. (b)

    288,841        15,577,344   

Nestle S.A.

    612,177        48,235,646   

SGS S.A.

    4,872        10,907,081   
   

 

 

 
      90,716,245   
   

 

 

 

Taiwan—5.1%

  

Hon Hai Precision Industry Co., Ltd.

    5,782,584        14,640,262   

Taiwan Semiconductor Manufacturing Co., Ltd.

    12,547,000        73,585,094   
   

 

 

 
      88,225,356   
   

 

 

 

United Kingdom—12.2%

  

ASOS plc (b)

    193,858        12,184,030   

British American Tobacco plc

    365,935        23,402,411   

Burberry Group plc

    607,159        10,865,908   

Capita plc

    1,638,453        14,231,386   

Hargreaves Lansdown plc

    933,020        15,394,813   

Howden Joinery Group plc

    2,255,033        12,619,373   

Prudential plc

    1,187,170        21,070,455   

Rio Tinto plc

    748,060        24,891,695   

Rolls-Royce Holdings plc (b)

    897,310        8,374,999   

St. James’s Place plc

    1,197,638        14,746,257   

Tullow Oil plc (a) (b)

    2,138,589        7,021,620   

Unilever NV

    539,183        24,872,707   

Wolseley plc

    410,652        23,147,376   
   

 

 

 
      212,823,030   
   

 

 

 

United States—0.7%

  

Pricesmart, Inc.

    147,487        12,353,511   
   

 

 

 

Total Common Stocks
(Cost $1,394,204,089)

      1,707,456,334   
   

 

 

 
Short-Term Investment—0.4%   

Repurchase Agreement—0.4%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $7,830,335 on 10/03/16, collateralized by $7,870,000 U.S. Treasury Note at 1.375% due 01/31/21 with a value of $7,988,050.

    7,830,316        7,830,316   
   

 

 

 

Total Short-Term Investments
(Cost $7,830,316)

      7,830,316   
   

 

 

 
Securities Lending Reinvestments (c)—1.2%   
Security Description       
Principal
Amount*
    Value  

Repurchase Agreements—1.1%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $1,600,124 on 10/03/16, collateralized by $1,512,024 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $1,632,000.

    1,600,000      1,600,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $2,000,139 on 10/03/16, collateralized by $1,963,447 Corporate and Foreign Bonds with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $2,040,002.

    2,000,000        2,000,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $2,000,083 on 10/03/16, collateralized by $1,944,385 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $2,040,000.

    2,000,000        2,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $2,000,075 on 10/03/16, collateralized by $1,577,600 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $2,040,028.

    2,000,000        2,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $2,400,199 on 10/03/16, collateralized by $2,291,230 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $2,449,024.

    2,400,000        2,400,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $43,732 on 10/03/16, collateralized by $36,130 U.S. Treasury Obligations with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $44,605.

    43,731        43,731   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $3,500,204 on 10/03/16, collateralized by $5,598,463 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $3,570,208.

    3,500,000        3,500,000   

 

MSF-2


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $3,000,130 on 10/03/16, collateralized by $4,235,626 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $3,060,000.

    3,000,000      $ 3,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $2,000,077 on 10/03/16, collateralized by $1,872,360 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $2,040,041.

    2,000,000        2,000,000   
   

 

 

 
      18,543,731   
   

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    100,000        100,000   

Canadian Imperial Bank
0.260%, 10/03/16

    1,000,000        1,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    300,000        300,000   

Royal Bank of Canada
0.280%, 10/03/16

    300,000        300,000   
   

 

 

 
      1,700,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $20,243,731)

      20,243,731   
   

 

 

 

Total Investments—99.5%
(Cost $1,422,278,136) (d)

      1,735,530,381   

Other assets and liabilities (net)—0.5%

      9,136,942   
   

 

 

 
Net Assets—100.0%     $ 1,744,667,323   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $20,403,390 and the collateral received consisted of cash in the amount of $20,243,731. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $1,422,278,136. The aggregate unrealized appreciation and depreciation of investments were $408,055,823 and $(94,803,578), respectively, resulting in net unrealized appreciation of $313,252,245.
(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
September 30, 2016 (Unaudited)

  

% of
Net Assets

 

Banks

     8.1   

Internet Software & Services

     6.8   

Machinery

     6.3   

Capital Markets

     6.2   

Insurance

     5.9   

Semiconductors & Semiconductor Equipment

     4.2   

Trading Companies & Distributors

     4.0   

Construction Materials

     3.7   

Professional Services

     3.6   

Technology Hardware, Storage & Peripherals

     3.5   

 

MSF-3


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Argentina

   $ 37,633,996       $ —        $ —         $ 37,633,996   

Australia

     —           47,671,121        —           47,671,121   

Brazil

     13,474,240         —          —           13,474,240   

Canada

     85,135,008         —          —           85,135,008   

China

     61,008,585         —          —           61,008,585   

Denmark

     —           69,953,985        —           69,953,985   

Finland

     —           37,471,645        —           37,471,645   

France

     —           56,531,838        —           56,531,838   

Germany

     —           95,441,001        —           95,441,001   

Hong Kong

     —           46,325,903        —           46,325,903   

Ireland

     35,298,163         73,936,971        —           109,235,134   

Japan

     —           238,448,904        —           238,448,904   

Netherlands

     —           26,826,406        —           26,826,406   

Panama

     17,803,451         —          —           17,803,451   

Peru

     13,526,117         —          —           13,526,117   

Russia

     15,380,309         19,317,603        —           34,697,912   

Singapore

     —           22,977,995        —           22,977,995   

South Africa

     —           57,649,137        —           57,649,137   

South Korea

     —           98,399,197        —           98,399,197   

Spain

     —           49,855,484        —           49,855,484   

Sweden

     —           83,271,133        —           83,271,133   

Switzerland

     —           90,716,245        —           90,716,245   

Taiwan

     —           88,225,356        —           88,225,356   

United Kingdom

     —           212,823,030        —           212,823,030   

United States

     12,353,511         —          —           12,353,511   

Total Common Stocks

     291,613,380         1,415,842,954        —           1,707,456,334   

Total Short-Term Investment*

     —           7,830,316        —           7,830,316   
Securities Lending Reinvestments           

Repurchase Agreements

     —           18,543,731        —           18,543,731   

Time Deposits

     —           1,700,000        —           1,700,000   

Total Securities Lending Reinvestments

     —           20,243,731        —           20,243,731   

Total Investments

   $ 291,613,380       $ 1,443,917,001      $ —         $ 1,735,530,381   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (20,243,731   $ —         $ (20,243,731

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-4


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

U.S. Treasury & Government Agencies—67.0% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—28.0%

  

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

    3,907,994      $ 4,059,933   

2.500%, 02/01/28

    3,035,834        3,154,179   

2.500%, 07/01/28

    5,391,735        5,601,920   

2.500%, 10/01/28

    3,470,264        3,605,544   

2.500%, 03/01/30

    3,391,174        3,512,419   

2.500%, 09/01/31

    4,909,091        5,089,426   

3.000%, 01/01/27

    1,568,822        1,649,475   

3.000%, 02/01/27

    2,566,418        2,698,649   

3.000%, 03/01/27

    1,339,496        1,408,512   

3.000%, 01/01/29

    5,922,800        6,220,774   

3.000%, 10/01/29

    2,707,240        2,842,298   

3.000%, 06/01/30

    3,344,259        3,511,745   

3.500%, 02/01/26

    2,491,782        2,631,244   

3.500%, 03/01/26

    992,602        1,048,157   

3.500%, 05/01/29

    2,542,343        2,682,926   

4.000%, 04/01/19

    56,976        58,803   

4.000%, 05/01/19

    134,834        139,154   

4.000%, 01/01/20

    264,461        272,988   

4.000%, 06/01/24

    411,807        431,142   

4.000%, 11/01/24

    2,207,812        2,311,476   

4.500%, 07/01/18

    164,620        170,633   

4.500%, 05/01/19

    72,059        73,900   

4.500%, 08/01/24

    534,757        562,971   

4.500%, 06/01/25

    974,757        1,026,196   

5.000%, 06/01/18

    26,547        27,552   

5.000%, 01/01/19

    67,451        69,311   

5.000%, 02/01/20

    152,551        159,615   

5.000%, 01/01/22

    215,075        226,828   

5.000%, 02/01/24

    617,254        661,533   

5.500%, 11/01/17

    9,607        9,744   

5.500%, 02/01/18

    11,652        11,860   

5.500%, 04/01/18

    110,531        113,177   

6.000%, 09/01/17

    17,650        17,804   

6.500%, 04/01/17

    40,383        40,609   

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

    1,953,256        2,054,898   

3.000%, 08/01/35

    2,701,452        2,841,203   

3.000%, 05/01/36

    3,719,365        3,914,695   

3.500%, 04/01/32

    1,861,190        1,992,026   

3.500%, 09/01/35

    2,808,071        2,992,385   

4.000%, 02/01/31

    873,383        951,707   

4.500%, 08/01/30

    544,587        595,816   

5.000%, 02/01/24

    207,031        229,750   

5.000%, 09/01/25

    167,313        185,673   

5.500%, 07/01/23

    124,928        140,629   

5.500%, 01/01/24

    82,587        92,967   

5.500%, 07/01/24

    217,563        244,908   

5.500%, 07/01/25

    190,762        214,738   

7.000%, 10/01/21

    9,547        10,236   

Fannie Mae 30 Yr. Pool
2.500%, 08/01/46

    3,926,388        3,964,344   

3.000%, 08/01/42

    1,607,780        1,675,388   

3.000%, 09/01/42

    2,224,229        2,317,760   

3.000%, 11/01/42

    2,721,036        2,835,458   

3.000%, 12/01/42

    5,096,782        5,311,106   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

3.000%, 01/01/43

    1,321,850      1,377,435   

3.000%, 02/01/43

    4,660,022        4,854,751   

3.000%, 03/01/43

    5,729,628        5,969,053   

3.000%, 05/01/43

    4,084,114        4,254,778   

3.000%, 07/01/43

    10,515,006        10,954,398   

3.000%, 09/01/43

    3,341,905        3,481,554   

3.000%, 05/01/45

    3,524,110        3,662,918   

3.000%, 05/01/46

    3,780,241        3,931,283   

3.000%, 06/01/46

    4,772,603        4,963,295   

3.000%, 08/01/46

    4,789,100        4,980,451   

3.000%, 10/01/46

    4,805,825        4,999,366   

3.500%, 12/01/40

    2,110,463        2,234,666   

3.500%, 03/01/42

    1,352,099        1,431,133   

3.500%, 04/01/42

    3,028,222        3,205,229   

3.500%, 05/01/42

    3,519,906        3,725,653   

3.500%, 06/01/42

    2,666,095        2,821,935   

3.500%, 08/01/42

    1,754,534        1,857,091   

3.500%, 09/01/42

    4,752,745        5,030,555   

3.500%, 10/01/42

    2,266,338        2,398,810   

3.500%, 01/01/43

    2,097,109        2,219,690   

3.500%, 02/01/43

    3,417,381        3,617,135   

3.500%, 04/01/43

    3,793,522        4,005,806   

3.500%, 06/01/43

    2,070,644        2,186,517   

3.500%, 08/01/44

    2,767,214        2,917,775   

3.500%, 02/01/45

    3,827,823        4,036,091   

3.500%, 03/01/45

    5,824,719        6,144,437   

3.500%, 04/01/45

    7,209,666        7,605,402   

3.500%, 09/01/45

    11,975,218        12,632,535   

3.500%, 11/01/45

    4,290,507        4,526,012   

3.500%, 01/01/46

    4,516,987        4,764,923   

3.500%, 03/01/46

    4,593,049        4,848,613   

3.500%, 05/01/46

    3,791,597        4,002,567   

4.000%, 08/01/39

    1,487,726        1,596,438   

4.000%, 09/01/39

    1,096,683        1,176,821   

4.000%, 12/01/39

    1,346,163        1,444,531   

4.000%, 06/01/40

    1,688,930        1,821,916   

4.000%, 09/01/40

    865,998        934,186   

4.000%, 12/01/40

    6,240,909        6,732,319   

4.000%, 01/01/41

    3,484,948        3,758,466   

4.000%, 02/01/41

    3,902,634        4,207,923   

4.000%, 12/01/41

    1,462,846        1,577,279   

4.000%, 02/01/42

    1,666,329        1,796,169   

4.000%, 09/01/43

    2,432,583        2,610,075   

4.000%, 02/01/44

    3,555,197        3,814,135   

4.000%, 05/01/44

    2,759,825        2,960,833   

4.000%, 08/01/44

    3,756,766        4,030,386   

4.000%, 10/01/44

    2,410,444        2,586,005   

4.000%, 11/01/44

    5,024,758        5,390,731   

4.000%, 01/01/45

    3,941,387        4,228,453   

4.000%, 03/01/45

    3,242,456        3,480,770   

4.000%, 10/01/45

    4,325,400        4,643,309   

4.500%, 08/01/33

    248,915        273,736   

4.500%, 10/01/33

    266,806        293,411   

4.500%, 04/01/34

    122,308        134,384   

4.500%, 01/01/39

    152,173        166,561   

 

MSF-5


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

4.500%, 07/01/39

    1,745,716      $ 1,910,411   

4.500%, 09/01/39

    2,664,889        2,916,301   

4.500%, 10/01/39

    1,235,949        1,352,551   

4.500%, 05/01/40

    1,566,316        1,721,218   

4.500%, 08/01/40

    2,561,082        2,814,362   

4.500%, 11/01/40

    1,344,397        1,477,352   

4.500%, 12/01/40

    2,336,072        2,567,099   

4.500%, 04/01/41

    5,501,132        6,046,201   

4.500%, 05/01/41

    1,373,484        1,509,573   

4.500%, 03/01/44

    2,109,070        2,307,420   

5.000%, 07/01/33

    148,245        165,295   

5.000%, 08/01/33

    502,376        560,157   

5.000%, 09/01/33

    237,884        265,244   

5.000%, 10/01/33

    2,281,883        2,544,334   

5.000%, 03/01/34

    273,546        305,007   

5.000%, 04/01/34

    628,420        700,432   

5.000%, 05/01/34

    81,573        90,893   

5.000%, 09/01/34

    225,856        251,662   

5.000%, 02/01/35

    342,529        381,667   

5.000%, 04/01/35

    156,484        174,155   

5.000%, 05/01/35

    44,379        49,390   

5.000%, 11/01/35

    175,767        195,615   

5.000%, 03/01/36

    650,059        723,467   

5.000%, 07/01/37

    537,948        597,571   

5.000%, 01/01/39

    501,304        556,279   

5.000%, 04/01/40

    1,791,077        1,990,831   

5.000%, 07/01/41

    1,217,156        1,353,185   

5.500%, 10/01/32

    56,718        64,206   

5.500%, 02/01/33

    133,740        151,411   

5.500%, 03/01/33

    421,119        476,760   

5.500%, 05/01/33

    1,606,501        1,818,766   

5.500%, 08/01/33

    677,740        767,289   

5.500%, 10/01/33

    88,254        99,914   

5.500%, 12/01/33

    873,858        989,320   

5.500%, 02/01/34

    188,723        213,638   

5.500%, 03/01/34

    126,998        143,765   

5.500%, 04/01/34

    63,584        71,979   

5.500%, 06/01/34

    245,134        277,498   

5.500%, 09/01/34

    228,453        258,615   

5.500%, 12/01/34

    544,132        615,971   

5.500%, 01/01/35

    166,923        188,961   

5.500%, 02/01/35

    441,699        500,014   

5.500%, 04/01/35

    198,346        223,888   

5.500%, 06/01/35

    873,346        985,810   

5.500%, 01/01/37

    243,362        273,900   

5.500%, 05/01/37

    141,380        159,109   

5.500%, 05/01/38

    115,581        130,066   

5.500%, 06/01/38

    161,580        181,828   

5.500%, 07/01/38

    103,874        116,891   

6.000%, 08/01/28

    2,896        3,316   

6.000%, 11/01/28

    865        995   

6.000%, 12/01/28

    968        1,120   

6.000%, 06/01/31

    37,798        43,832   

6.000%, 09/01/32

    97,757        113,361   

6.000%, 01/01/33

    24,146        28,000   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.000%, 02/01/33

    83,958      97,365   

6.000%, 03/01/33

    100,118        116,106   

6.000%, 04/01/33

    270,873        314,129   

6.000%, 05/01/33

    283,950        329,294   

6.000%, 05/01/34

    402,752        466,870   

6.000%, 09/01/34

    234,920        272,319   

6.000%, 11/01/34

    345,505        400,509   

6.000%, 01/01/35

    154,257        177,074   

6.000%, 07/01/36

    61,026        69,920   

6.000%, 09/01/36

    180,788        207,136   

6.000%, 07/01/37

    48,867        55,969   

6.000%, 08/01/37

    241,033        276,066   

6.000%, 09/01/37

    542,580        621,441   

6.000%, 10/01/37

    207,111        237,214   

6.000%, 05/01/38

    695,729        796,850   

6.000%, 12/01/38

    160,030        183,299   

6.500%, 05/01/28

    51,195        59,899   

6.500%, 12/01/28

    157,989        181,981   

6.500%, 03/01/29

    2,994        3,449   

6.500%, 04/01/29

    29,456        33,929   

6.500%, 05/01/29

    5,214        6,005   

6.500%, 08/01/29

    850        979   

6.500%, 05/01/30

    30,274        34,872   

6.500%, 09/01/31

    6,116        7,161   

6.500%, 06/01/32

    26,239        30,720   

6.500%, 09/01/33

    15,590        17,957   

6.500%, 10/01/33

    104,833        120,753   

6.500%, 10/01/34

    286,576        345,243   

6.500%, 10/01/37

    106,754        123,863   

7.000%, 06/01/26

    655        715   

7.000%, 06/01/28

    7,260        7,347   

7.000%, 10/01/29

    9,809        11,680   

7.000%, 12/01/29

    3,539        3,642   

7.000%, 06/01/32

    55,516        64,370   

7.000%, 10/01/37

    187,471        220,879   

7.500%, 09/01/25

    4,513        5,245   

7.500%, 06/01/26

    5,132        6,125   

7.500%, 07/01/29

    11,544        13,840   

7.500%, 10/01/29

    7,078        7,548   

8.000%, 11/01/29

    163        198   

8.000%, 05/01/30

    17,183        17,861   

8.000%, 11/01/30

    3,029        3,501   

8.000%, 01/01/31

    3,432        3,965   

8.000%, 02/01/31

    5,885        7,048   

Fannie Mae ARM Pool
2.547%, 02/01/45 (a)

    940,232        966,985   

2.760%, 11/01/43 (a)

    1,475,926        1,540,436   

2.769%, 02/01/42 (a)

    1,981,960        2,058,616   

2.935%, 10/01/41 (a)

    194,574        203,919   

Fannie Mae-ACES
2.679%, 05/25/21 (a)

    5,000,000        5,220,700   

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

    1,891,381        1,965,364   

2.500%, 02/01/28

    2,933,992        3,049,020   

2.500%, 04/01/28

    2,506,877        2,605,161   

 

MSF-6


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool

   

2.500%, 12/01/29

    3,646,902      $ 3,777,526   

2.500%, 01/01/31

    4,469,200        4,631,809   

3.000%, 03/01/27

    1,429,020        1,502,148   

3.000%, 05/01/27

    1,899,087        1,996,270   

3.000%, 11/01/28

    2,315,457        2,432,568   

3.000%, 12/01/29

    4,133,035        4,342,024   

3.000%, 05/01/31

    4,624,631        4,860,807   

3.500%, 12/01/25

    1,674,273        1,770,874   

3.500%, 05/01/26

    590,015        624,454   

3.500%, 09/01/30

    3,498,935        3,696,626   

4.000%, 06/01/19

    92,520        95,380   

4.000%, 05/01/25

    909,697        948,837   

4.000%, 08/01/25

    480,094        500,750   

4.000%, 10/01/25

    449,387        468,722   

4.500%, 09/01/18

    81,965        84,854   

4.500%, 10/01/18

    181,106        187,487   

4.500%, 04/01/19

    175,945        180,752   

4.500%, 06/01/19

    115,953        118,803   

4.500%, 08/01/19

    35,028        35,950   

5.000%, 05/01/18

    192,385        197,628   

5.000%, 12/01/18

    39,358        40,430   

5.000%, 06/01/19

    134,645        138,555   

5.500%, 11/01/17

    13,617        13,823   

5.500%, 01/01/24

    421,368        458,423   

6.000%, 05/01/17

    4,342        4,364   

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

    3,041,629        3,199,774   

3.500%, 04/01/32

    2,599,921        2,776,453   

4.000%, 01/01/31

    944,455        1,031,296   

4.000%, 08/01/31

    948,365        1,035,564   

4.500%, 05/01/29

    254,186        278,187   

5.000%, 03/01/27

    133,581        147,919   

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

    2,753,487        2,777,204   

3.000%, 10/01/42

    2,533,268        2,638,683   

3.000%, 01/01/43

    2,561,467        2,668,056   

3.000%, 03/01/43

    6,133,797        6,389,490   

3.000%, 04/01/43

    4,702,858        4,898,901   

3.000%, 06/01/43

    1,831,917        1,908,282   

3.000%, 07/01/43

    4,157,077        4,330,369   

3.000%, 06/01/45

    4,543,678        4,722,184   

3.000%, 01/01/46

    2,780,662        2,889,904   

3.000%, 06/01/46

    4,757,605        4,946,983   

3.000%, 09/01/46

    3,860,870        4,015,680   

3.500%, 01/01/42

    1,527,080        1,616,109   

3.500%, 03/01/42

    1,385,983        1,466,786   

3.500%, 08/01/42

    4,616,589        4,885,736   

3.500%, 02/01/43

    1,935,868        2,044,501   

3.500%, 05/01/43

    3,311,351        3,497,171   

3.500%, 06/01/43

    2,103,538        2,221,579   

3.500%, 06/01/44

    2,457,752        2,591,185   

3.500%, 10/01/44

    2,672,594        2,817,691   

3.500%, 11/01/44

    3,411,843        3,597,074   

3.500%, 12/01/44

    3,558,649        3,751,850   

3.500%, 05/01/45

    4,177,249        4,405,886   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

3.500%, 08/01/45

    3,803,897      4,012,099   

3.500%, 11/01/45

    4,357,552        4,596,058   

3.500%, 12/01/45

    2,635,117        2,779,347   

3.500%, 03/01/46

    8,085,728        8,533,928   

4.000%, 06/01/39

    911,431        976,903   

4.000%, 12/01/39

    1,434,594        1,537,647   

4.000%, 11/01/40

    1,363,895        1,468,793   

4.000%, 04/01/41

    1,313,867        1,415,030   

4.000%, 09/01/41

    1,378,293        1,484,417   

4.000%, 10/01/41

    3,088,649        3,326,464   

4.000%, 11/01/41

    1,310,000        1,410,865   

4.000%, 10/01/43

    3,520,170        3,773,287   

4.000%, 07/01/44

    4,004,936        4,292,069   

4.000%, 10/01/44

    3,103,834        3,326,363   

4.000%, 07/01/45

    4,728,687        5,071,207   

4.000%, 02/01/46

    2,570,131        2,758,185   

4.500%, 10/01/35

    469,449        514,537   

4.500%, 06/01/38

    712,860        783,197   

4.500%, 02/01/39

    429,355        469,507   

4.500%, 03/01/39

    290,119        317,250   

4.500%, 04/01/39

    679,780        743,350   

4.500%, 09/01/39

    823,207        900,190   

4.500%, 10/01/39

    2,135,567        2,335,278   

4.500%, 11/01/39

    667,000        729,376   

4.500%, 01/01/40

    442,072        485,970   

4.500%, 05/01/40

    843,686        927,465   

4.500%, 11/01/40

    1,226,219        1,347,984   

4.500%, 02/01/41

    475,586        522,591   

4.500%, 05/01/41

    725,444        797,143   

4.500%, 06/01/41

    527,331        579,450   

4.500%, 12/01/43

    1,187,926        1,299,762   

5.000%, 10/01/33

    569,878        633,905   

5.000%, 03/01/34

    126,867        141,076   

5.000%, 08/01/35

    571,370        634,427   

5.000%, 09/01/35

    257,078        285,449   

5.000%, 10/01/35

    204,098        226,622   

5.000%, 01/01/36

    634,222        704,214   

5.000%, 04/01/38

    337,923        374,122   

5.000%, 11/01/39

    1,525,400        1,689,038   

5.000%, 05/01/40

    1,994,611        2,212,839   

5.500%, 06/01/34

    498,283        563,026   

5.500%, 10/01/35

    224,635        252,923   

5.500%, 12/01/35

    733,574        825,953   

5.500%, 01/01/36

    435,584        489,462   

5.500%, 12/01/37

    419,424        470,532   

5.500%, 04/01/38

    1,853,752        2,079,588   

5.500%, 07/01/38

    213,171        239,141   

5.500%, 08/01/38

    552,348        619,638   

6.000%, 11/01/28

    8,639        9,996   

6.000%, 12/01/28

    6,411        7,435   

6.000%, 04/01/29

    2,442        2,785   

6.000%, 05/01/29

    1,936        2,208   

6.000%, 06/01/31

    2,148        2,450   

6.000%, 07/01/31

    723        839   

6.000%, 09/01/31

    59,375        67,768   

 

MSF-7


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 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%, 04/01/32

    65,313      $ 75,862   

6.000%, 11/01/32

    30,827        35,805   

6.000%, 06/01/34

    114,304        132,708   

6.000%, 11/01/35

    88,246        102,455   

6.000%, 02/01/36

    132,086        151,329   

6.000%, 08/01/36

    85,689        98,173   

6.000%, 10/01/36

    176,716        202,461   

6.000%, 11/01/36

    112,572        128,972   

6.000%, 01/01/37

    155,863        178,571   

6.000%, 02/01/38

    185,604        212,607   

6.000%, 11/01/39

    1,539,578        1,763,610   

6.000%, 04/01/40

    498,741        571,302   

6.500%, 02/01/30

    5,347        6,126   

6.500%, 08/01/31

    9,624        11,193   

6.500%, 10/01/31

    7,136        8,176   

6.500%, 11/01/31

    20,155        23,441   

6.500%, 03/01/32

    350,494        407,658   

6.500%, 04/01/32

    267,339        310,941   

6.500%, 09/01/36

    392,950        454,844   

6.500%, 11/01/37

    185,953        215,733   

7.000%, 12/01/27

    1,314        1,549   

7.000%, 11/01/28

    3,444        4,097   

7.000%, 04/01/29

    3,622        4,240   

7.000%, 05/01/29

    677        754   

7.000%, 06/01/29

    5,895        6,106   

7.000%, 07/01/29

    1,974        2,238   

7.000%, 01/01/31

    100,203        106,925   

7.500%, 08/01/24

    8,601        8,691   

7.500%, 10/01/27

    10,340        11,872   

7.500%, 10/01/29

    13,970        17,205   

7.500%, 05/01/30

    11,978        13,712   

8.000%, 02/01/27

    3,234        3,789   

8.000%, 10/01/28

    6,328        7,597   

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

    1,015,878        1,045,470   

3.060%, 07/25/23 (a)

    4,800,000        5,170,896   

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

    2,955,740        3,110,339   

5.000%, 10/15/20

    138,710        146,083   

5.000%, 01/15/21

    122,639        129,105   

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

    2,931,329        3,081,471   

3.000%, 12/15/42

    2,159,613        2,270,228   

3.000%, 02/15/43

    1,877,207        1,971,078   

3.000%, 03/15/43

    2,372,480        2,491,117   

3.000%, 05/15/43

    3,194,705        3,354,459   

3.000%, 07/15/43

    2,037,105        2,138,972   

3.500%, 01/15/42

    2,896,422        3,091,912   

3.500%, 02/15/42

    1,087,750        1,159,945   

3.500%, 03/15/42

    1,965,803        2,096,275   

3.500%, 05/15/42

    1,364,677        1,455,252   

3.500%, 09/15/42

    1,731,286        1,846,192   

3.500%, 05/15/43

    2,247,441        2,394,334   

4.000%, 07/15/39

    2,075,697        2,248,687   

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

4.000%, 07/15/40

    1,198,325      1,299,296   

4.000%, 03/15/41

    857,357        928,919   

4.000%, 10/15/41

    2,069,253        2,241,968   

4.500%, 01/15/39

    315,560        348,986   

4.500%, 04/15/39

    935,056        1,034,101   

4.500%, 05/15/39

    2,089,249        2,310,550   

4.500%, 08/15/39

    924,851        1,022,815   

4.500%, 01/15/40

    956,340        1,058,408   

4.500%, 04/15/40

    1,055,289        1,167,917   

4.500%, 02/15/41

    283,792        313,811   

4.500%, 04/15/41

    556,877        615,783   

5.000%, 12/15/35

    345,841        390,705   

5.000%, 12/15/36

    141,296        158,987   

5.000%, 01/15/39

    1,062,380        1,188,769   

5.000%, 02/15/39

    191,526        214,688   

5.000%, 08/15/39

    1,458,273        1,634,632   

5.000%, 09/15/39

    353,311        396,039   

5.000%, 12/15/39

    665,356        745,822   

5.000%, 05/15/40

    1,104,403        1,241,020   

5.500%, 03/15/36

    322,083        368,315   

5.500%, 01/15/37

    409,946        463,353   

5.500%, 11/15/37

    526,384        595,243   

5.500%, 09/15/38

    218,517        246,623   

5.500%, 08/15/39

    1,117,721        1,265,897   

6.000%, 01/15/29

    5,532        6,379   

6.000%, 01/15/33

    220,186        258,101   

6.000%, 03/15/35

    233,688        274,559   

6.000%, 12/15/35

    164,055        191,578   

6.000%, 06/15/36

    158,033        180,179   

6.000%, 09/15/36

    230,769        263,109   

6.000%, 07/15/38

    984,333        1,137,666   

6.500%, 05/15/23

    1,162        1,340   

6.500%, 02/15/27

    28,430        32,927   

6.500%, 07/15/28

    10,810        12,466   

6.500%, 08/15/28

    9,640        11,117   

6.500%, 11/15/28

    8,523        10,085   

6.500%, 12/15/28

    9,010        10,390   

6.500%, 07/15/29

    2,056        2,371   

6.500%, 05/15/36

    133,651        154,130   

7.000%, 01/15/28

    1,555        1,750   

7.000%, 04/15/28

    2,944        3,027   

7.000%, 05/15/28

    10,008        10,730   

7.000%, 06/15/28

    7,917        8,952   

7.000%, 10/15/28

    7,620        8,484   

7.000%, 06/15/29

    1,976        2,019   

7.000%, 09/15/29

    5,071        5,400   

7.000%, 01/15/31

    1,316        1,343   

7.000%, 03/15/31

    12,434        12,701   

7.000%, 07/15/31

    405,044        494,907   

7.000%, 08/15/31

    63,873        79,102   

7.000%, 02/15/32

    10,179        10,311   

7.000%, 07/15/32

    24,103        29,931   

7.500%, 04/15/30

    8,136        8,283   

8.000%, 08/15/26

    3,229        3,696   

8.000%, 09/15/26

    2,758        3,085   

 

MSF-8


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

8.000%, 06/15/29

    22,253      $ 23,829   

9.000%, 11/15/24

    6,313        6,954   

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

    2,677,524        2,816,989   

3.000%, 03/20/43

    3,697,932        3,886,338   

3.000%, 12/20/44

    3,600,090        3,778,494   

3.000%, 04/20/45

    3,298,547        3,458,668   

3.000%, 08/20/45

    4,540,903        4,761,332   

3.000%, 11/20/45

    2,648,862        2,777,446   

3.000%, 01/20/46

    4,550,426        4,771,317   

3.000%, 08/20/46

    4,738,379        4,967,694   

3.000%, 09/20/46

    4,766,082        4,999,472   

3.500%, 12/20/41

    1,733,589        1,852,360   

3.500%, 03/20/42

    3,566,382        3,807,686   

3.500%, 08/20/42

    1,663,370        1,775,915   

3.500%, 01/20/43

    4,894,274        5,221,994   

3.500%, 04/20/43

    1,953,670        2,083,499   

3.500%, 05/20/43

    3,300,407        3,519,731   

3.500%, 07/20/44

    4,576,090        4,871,173   

3.500%, 02/20/45

    5,056,151        5,374,553   

3.500%, 06/20/45

    3,175,883        3,375,878   

3.500%, 08/20/45

    7,120,516        7,568,916   

3.500%, 09/20/45

    8,169,861        8,684,342   

3.500%, 12/20/45

    4,172,723        4,435,492   

3.500%, 01/20/46

    4,244,386        4,511,668   

3.500%, 02/20/46

    3,497,325        3,717,687   

3.500%, 05/20/46

    4,566,444        4,854,170   

3.500%, 06/20/46

    3,762,436        3,999,503   

4.000%, 11/20/40

    1,709,373        1,851,384   

4.000%, 12/20/40

    1,766,195        1,912,926   

4.000%, 05/20/43

    2,546,500        2,737,317   

4.000%, 11/20/43

    1,307,760        1,405,754   

4.000%, 02/20/44

    3,848,930        4,130,743   

4.000%, 04/20/44

    1,790,798        1,921,918   

4.000%, 05/20/44

    2,211,753        2,373,694   

4.000%, 09/20/44

    3,477,036        3,731,619   

4.000%, 10/20/44

    5,015,066        5,382,262   

4.000%, 11/20/44

    994,572        1,067,393   

4.000%, 10/20/45

    4,299,959        4,609,321   

4.000%, 11/20/45

    2,237,691        2,398,682   

4.500%, 08/20/40

    1,503,859        1,656,124   

4.500%, 12/20/40

    928,817        1,022,859   

4.500%, 04/20/41

    830,374        912,544   

4.500%, 03/20/42

    644,054        707,787   

4.500%, 10/20/43

    1,092,266        1,189,551   

4.500%, 02/20/44

    2,069,077        2,253,364   

4.500%, 04/20/45

    2,129,752        2,319,443   

5.000%, 08/20/40

    668,250        741,916   

5.000%, 10/20/40

    666,946        740,468   

5.000%, 06/20/44

    1,662,418        1,845,679   

6.500%, 06/20/31

    24,278        28,408   

6.500%, 11/20/38

    566,648        654,783   

7.500%, 02/20/28

    3,072        3,726   
   

 

 

 
      771,148,906   
   

 

 

 

Federal Agencies—2.9%

  

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

    17,700,000      18,076,856   

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

    17,000,000        16,992,308   

1.250%, 10/02/19

    3,000,000        3,021,404   

1.375%, 05/01/20

    5,145,000        5,203,150   

5.125%, 11/17/17

    3,530,000        3,697,629   

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

    10,160,000        10,174,907   

2.125%, 04/24/26

    13,500,000        13,771,647   

6.625%, 11/15/30

    2,450,000        3,725,409   

Tennessee Valley Authority
5.250%, 09/15/39

    3,350,000        4,652,566   
   

 

 

 
      79,315,876   
   

 

 

 

U.S. Treasury—36.1%

  

U.S. Treasury Bonds
2.250%, 08/15/46

    3,000,000        2,945,625   

2.500%, 02/15/45

    9,900,000        10,239,470   

2.500%, 02/15/46

    8,200,000        8,480,850   

2.500%, 05/15/46

    4,800,000        4,971,120   

2.750%, 08/15/42

    2,020,000        2,203,214   

2.875%, 05/15/43

    4,760,000        5,303,734   

2.875%, 08/15/45

    5,000,000        5,572,850   

3.000%, 11/15/44

    11,000,000        12,552,540   

3.000%, 11/15/45

    7,700,000        8,791,321   

3.125%, 02/15/42

    1,800,000        2,098,044   

3.125%, 02/15/43

    3,270,000        3,813,474   

3.125%, 08/15/44

    4,700,000        5,490,681   

3.375%, 05/15/44

    3,000,000        3,662,910   

3.500%, 02/15/39

    2,080,000        2,577,619   

3.625%, 02/15/44

    10,120,000        12,897,535   

3.750%, 08/15/41

    1,830,000        2,353,142   

3.875%, 08/15/40

    10,380,000        13,549,118   

4.250%, 11/15/40

    7,280,000        10,031,330   

4.375%, 11/15/39

    3,900,000        5,442,216   

4.375%, 05/15/40

    5,220,000        7,298,499   

4.375%, 05/15/41

    5,850,000        8,223,287   

4.500%, 05/15/38

    4,950,000        7,029,891   

5.000%, 05/15/37

    6,560,000        9,831,472   

5.250%, 02/15/29

    750,000        1,043,287   

5.375%, 02/15/31

    3,675,000        5,363,148   

6.125%, 11/15/27

    5,750,000        8,350,092   

6.250%, 08/15/23

    7,700,000        10,154,837   

6.375%, 08/15/27

    6,900,000        10,143,759   

6.500%, 11/15/26

    4,500,000        6,556,545   

7.125%, 02/15/23

    11,125,000        15,063,584   

7.250%, 08/15/22

    6,120,000        8,191,069   

7.875%, 02/15/21

    4,450,000        5,736,228   

8.000%, 11/15/21

    2,920,000        3,905,705   

8.125%, 08/15/19

    2,645,000        3,187,675   

8.125%, 08/15/21

    1,250,000        1,661,900   

8.500%, 02/15/20

    6,700,000        8,380,092   

8.750%, 08/15/20

    1,000,000        1,293,390   

8.875%, 02/15/19

    10,215,000        12,161,570   

9.125%, 05/15/18

    1,600,000        1,816,608   

 

MSF-9


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
0.625%, 04/30/18

    5,000,000      $ 4,991,900   

0.750%, 01/31/18

    12,000,000        12,004,320   

0.750%, 02/28/18

    40,500,000        40,514,177   

0.750%, 08/15/19

    5,000,000        4,982,600   

0.875%, 11/30/17

    12,000,000        12,024,120   

0.875%, 04/15/19

    6,000,000        6,003,840   

1.000%, 12/31/17

    11,000,000        11,038,500   

1.000%, 08/15/18

    28,000,000        28,117,599   

1.125%, 05/31/19

    12,300,000        12,391,021   

1.125%, 03/31/20

    5,100,000        5,125,347   

1.125%, 02/28/21

    5,000,000        5,003,500   

1.250%, 10/31/19

    5,130,000        5,182,172   

1.250%, 01/31/20

    15,000,000        15,138,451   

1.250%, 02/29/20

    25,800,000        26,031,685   

1.375%, 09/30/18

    47,890,000        48,435,946   

1.375%, 11/30/18

    15,000,000        15,179,100   

1.375%, 01/31/20

    27,100,000        27,457,989   

1.375%, 08/31/20

    14,900,000        15,084,313   

1.500%, 03/31/19

    31,870,000        32,392,028   

1.500%, 02/28/23

    4,000,000        4,031,440   

1.625%, 11/30/20

    5,000,000        5,108,400   

1.625%, 11/15/22

    5,000,000        5,083,900   

1.625%, 05/31/23

    7,900,000        8,013,602   

1.625%, 05/15/26

    15,900,000        15,920,989   

1.750%, 10/31/20

    10,000,000        10,264,600   

1.750%, 12/31/20

    14,800,000        15,196,789   

1.750%, 02/28/22

    9,000,000        9,236,160   

1.750%, 05/15/22

    4,900,000        5,023,529   

1.750%, 05/15/23

    17,520,000        17,916,301   

1.875%, 08/31/22

    7,400,000        7,636,208   

2.000%, 11/30/20

    14,800,000        15,343,309   

2.000%, 02/28/21

    5,000,000        5,186,700   

2.000%, 10/31/21

    6,000,000        6,234,780   

2.000%, 02/15/22

    3,800,000        3,949,758   

2.000%, 11/30/22

    9,600,000        9,974,496   

2.000%, 02/15/23

    6,900,000        7,167,858   

2.000%, 02/15/25

    5,000,000        5,177,500   

2.000%, 08/15/25

    5,000,000        5,174,950   

2.125%, 08/31/20

    5,800,000        6,035,017   

2.125%, 06/30/21

    12,000,000        12,531,599   

2.125%, 08/15/21

    8,710,000        9,097,334   

2.125%, 05/15/25

    7,100,000        7,423,405   

2.250%, 07/31/21

    19,000,000        19,957,600   

2.250%, 11/15/24

    7,800,000        8,234,538   

2.250%, 11/15/25

    6,800,000        7,178,693   

2.375%, 05/31/18

    31,000,000        31,826,770   

2.375%, 12/31/20

    7,600,000        7,998,392   

2.375%, 08/15/24

    16,800,000        17,899,225   

2.500%, 08/15/23

    14,400,000        15,428,016   

2.500%, 05/15/24

    7,000,000        7,521,640   

2.625%, 08/15/20

    6,000,000        6,355,860   

2.750%, 11/15/23

    19,335,000        21,069,736   

2.750%, 02/15/24

    5,600,000        6,110,944   

3.125%, 05/15/19

    3,000,000        3,176,670   

3.375%, 11/15/19

    4,350,000        4,677,076   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes

   

3.500%, 02/15/18

    4,000,000      4,150,640   

3.500%, 05/15/20

    7,790,000        8,474,508   

3.625%, 02/15/20

    17,190,000        18,696,875   

3.750%, 11/15/18

    4,550,000        4,832,373   

3.875%, 05/15/18

    4,700,000        4,938,714   

4.000%, 08/15/18

    9,620,000        10,207,398   

4.250%, 11/15/17

    4,700,000        4,884,757   
   

 

 

 
      995,817,088   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $1,753,688,401)

      1,846,281,870   
   

 

 

 
Corporate Bonds & Notes—27.6%   

Aerospace/Defense—0.4%

  

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

    460,000        628,033   

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

    3,000,000        3,542,332   

6.150%, 09/01/36

    1,700,000        2,288,288   

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

    515,000        768,986   

Raytheon Co.
3.125%, 10/15/20

    1,000,000        1,060,079   

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

    2,645,000        3,054,809   

7.500%, 09/15/29

    200,000        295,558   
   

 

 

 
      11,638,085   
   

 

 

 

Agriculture—0.3%

  

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

    750,000        877,838   

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

    2,000,000        2,227,070   

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

    3,000,000        3,196,648   

4.500%, 03/26/20

    925,000        1,015,488   
   

 

 

 
      7,317,044   
   

 

 

 

Auto Manufacturers—0.6%

  

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

    1,050,000        1,707,879   

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

    2,200,000        2,930,306   

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

    3,000,000        3,045,607   

General Motors Financial Co., Inc.
2.400%, 05/09/19

    5,000,000        5,021,806   

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

    4,000,000        4,277,231   
   

 

 

 
      16,982,829   
   

 

 

 

 

MSF-10


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—5.6%

  

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

    4,075,000      $ 4,218,331   

4.100%, 07/24/23

    2,905,000        3,142,022   

4.200%, 08/26/24

    3,000,000        3,167,807   

5.875%, 02/07/42

    3,000,000        3,883,634   

6.500%, 07/15/18

    200,000        216,322   

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

    2,000,000        2,197,121   

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

    3,480,000        3,519,085   

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

    3,225,000        3,607,496   

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

    3,400,000        3,544,556   

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

    1,200,000        1,258,249   

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

    2,200,000        2,459,951   

6.125%, 11/21/17

    1,700,000        1,787,237   

6.125%, 05/15/18

    1,900,000        2,034,888   

Cooperatieve Rabobank UA
5.250%, 05/24/41

    3,640,000        4,558,836   

Credit Suisse
4.375%, 08/05/20

    2,611,000        2,809,841   

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

    3,000,000        3,065,236   

Deutsche Bank AG
6.000%, 09/01/17

    1,500,000        1,525,872   

Fifth Third Bancorp
8.250%, 03/01/38

    1,175,000        1,737,898   

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

    2,000,000        2,270,983   

6.125%, 02/15/33

    2,075,000        2,591,529   

6.450%, 05/01/36

    2,000,000        2,449,838   

6.750%, 10/01/37

    3,500,000        4,433,295   

HSBC Holdings plc
5.100%, 04/05/21

    2,556,000        2,824,797   

6.500%, 09/15/37

    905,000        1,165,949   

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

    3,000,000        3,024,318   

JPMorgan Chase & Co.
1.700%, 03/01/18

    2,000,000        2,007,649   

3.250%, 09/23/22

    2,850,000        2,969,052   

3.900%, 07/15/25

    4,700,000        5,050,668   

4.950%, 03/25/20

    2,650,000        2,911,448   

6.300%, 04/23/19

    1,900,000        2,114,237   

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

    2,700,000        2,821,267   

KeyBank N.A.
3.300%, 06/01/25

    3,800,000        3,972,972   

KFW
1.000%, 06/11/18

    3,536,000        3,539,301   

2.375%, 08/25/21

    1,945,000        2,034,615   

2.750%, 09/08/20

    2,300,000        2,429,593   

Lloyds Bank plc
6.375%, 01/21/21

    1,500,000        1,754,282   

Banks—(Continued)

  

Morgan Stanley
4.350%, 09/08/26

    3,800,000      4,033,965   

5.625%, 09/23/19

    1,900,000        2,100,671   

7.250%, 04/01/32

    1,850,000        2,536,283   

7.300%, 05/13/19

    2,460,000        2,800,419   

Oesterreichische Kontrollbank AG
1.625%, 03/12/19

    3,025,000        3,063,533   

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

    4,100,000        4,219,998   

4.875%, 09/21/17

    1,000,000        1,031,863   

5.250%, 01/15/17 (b)

    1,600,000        1,618,272   

Royal Bank of Canada
2.150%, 03/15/19

    3,915,000        3,976,460   

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

    4,000,000        4,020,615   

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

    4,000,000        4,077,391   

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

    3,000,000        3,206,130   

UBS AG
4.875%, 08/04/20

    3,500,000        3,877,965   

Wachovia Corp.
5.750%, 06/15/17

    700,000        720,637   

Wells Fargo & Co.
2.600%, 07/22/20

    4,000,000        4,089,976   

3.000%, 01/22/21

    3,400,000        3,517,762   

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

    1,900,000        2,395,202   

Westpac Banking Corp.
1.950%, 11/23/18

    3,000,000        3,025,227   
   

 

 

 
      153,412,544   
   

 

 

 

Beverages—0.8%

  

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

    880,000        1,192,301   

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

    3,500,000        3,502,699   

4.900%, 02/01/46

    7,800,000        9,321,666   

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

    280,000        297,319   

3.200%, 11/01/23

    3,000,000        3,222,883   

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

    300,000        435,000   

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

    3,975,000        4,370,680   

5.000%, 06/01/18

    1,000,000        1,062,683   
   

 

 

 
      23,405,231   
   

 

 

 

Biotechnology—0.4%

  

Amgen, Inc.
5.700%, 02/01/19

    850,000        929,970   

6.150%, 06/01/18

    1,650,000        1,778,360   

Celgene Corp.
4.625%, 05/15/44

    4,000,000        4,218,298   

 

MSF-11


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Biotechnology—(Continued)

  

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

    3,000,000      $ 3,223,292   
   

 

 

 
      10,149,920   
   

 

 

 

Chemicals—0.6%

  

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

    2,750,000        2,980,167   

9.400%, 05/15/39

    650,000        1,062,055   

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

    1,000,000        1,215,137   

6.000%, 07/15/18

    1,000,000        1,081,158   

LyondellBasell Industries NV
4.625%, 02/26/55

    4,400,000        4,355,067   

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

    970,000        1,057,107   

Praxair, Inc.
3.000%, 09/01/21

    3,950,000        4,182,865   
   

 

 

 
      15,933,556   
   

 

 

 

Computers—0.6%

  

Apple, Inc.
2.250%, 02/23/21 (b)

    3,000,000        3,080,484   

2.400%, 05/03/23

    2,072,000        2,115,576   

4.450%, 05/06/44

    2,944,000        3,284,080   

HP, Inc.
4.650%, 12/09/21

    3,600,000        3,938,845   

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

    3,200,000        3,340,550   

8.375%, 11/01/19

    425,000        513,765   
   

 

 

 
      16,273,300   
   

 

 

 

Cosmetics/Personal Care—0.1%

  

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

    3,600,000        3,711,150   

6.450%, 01/15/26

    200,000        267,926   
   

 

 

 
      3,979,076   
   

 

 

 

Diversified Financial Services—1.0%

  

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

    4,000,000        4,035,616   

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

    3,000,000        3,235,736   

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

    1,700,000        1,877,848   

BlackRock, Inc.
3.500%, 03/18/24

    3,800,000        4,141,879   

GE Capital International Funding Co.
4.418%, 11/15/35

    2,700,000        3,030,212   

HSBC Finance Corp.
6.676%, 01/15/21

    3,500,000        4,022,570   

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

    2,900,000        3,425,266   

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

    1,325,000        1,520,957   

Diversified Financial Services—(Continued)

  

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

    3,000,000      3,142,193   
   

 

 

 
      28,432,277   
   

 

 

 

Electric—1.7%

  

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

    3,800,000        4,451,005   

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

    3,070,000        3,259,333   

5.850%, 04/01/18

    855,000        911,157   

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

    1,750,000        1,887,960   

DTE Electric Co.
3.700%, 03/15/45

    4,000,000        4,198,615   

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

    2,000,000        2,525,836   

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

    4,000,000        4,167,386   

Exelon Corp.
5.625%, 06/15/35

    1,500,000        1,793,928   

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

    1,700,000        2,321,447   

Georgia Power Co.
5.700%, 06/01/17

    1,400,000        1,441,191   

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

    2,200,000        3,042,242   

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

    1,640,000        1,881,633   

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

    950,000        1,329,472   

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

    3,320,000        4,188,120   

PacifiCorp
2.950%, 02/01/22

    2,800,000        2,924,730   

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

    4,000,000        4,193,568   

PSEG Power LLC
8.625%, 04/15/31

    1,000,000        1,303,222   
   

 

 

 
      45,820,845   
   

 

 

 

Electrical Components & Equipment—0.1%

  

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

    1,800,000        1,975,496   
   

 

 

 

Electronics—0.2%

  

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

    2,000,000        2,174,426   

Koninklijke Philips NV
5.750%, 03/11/18

    900,000        956,322   

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

    1,600,000        1,680,566   
   

 

 

 
      4,811,314   
   

 

 

 

Environmental Control—0.1%

  

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

    1,265,000        1,717,941   
   

 

 

 

 

MSF-12


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Food—0.5%

  

ConAgra Foods, Inc.
5.819%, 06/15/17

    1,000,000      $ 1,028,592   

General Mills, Inc.
5.650%, 02/15/19

    1,700,000        1,862,261   

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

    3,900,000        4,117,480   

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

    1,800,000        2,012,286   

Sysco Corp.
2.600%, 06/12/22

    2,400,000        2,442,909   

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

    1,500,000        2,096,921   
   

 

 

 
      13,560,449   
   

 

 

 

Forest Products & Paper—0.1%

  

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

    1,800,000        2,377,299   
   

 

 

 

Gas—0.2%

  

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

    4,000,000        4,479,495   

Sempra Energy
6.150%, 06/15/18

    900,000        971,150   
   

 

 

 
      5,450,645   
   

 

 

 

Healthcare-Products—0.5%

  

Abbott Laboratories
5.125%, 04/01/19

    1,073,000        1,168,744   

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

    3,500,000        3,973,893   

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

    3,900,000        4,160,194   

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

    3,445,000        3,756,522   
   

 

 

 
      13,059,353   
   

 

 

 

Healthcare-Services—0.5%

  

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

    3,000,000        3,041,815   

Anthem, Inc.
5.850%, 01/15/36

    1,800,000        2,208,078   

Cigna Corp.
5.375%, 02/15/42

    3,000,000        3,628,555   

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

    1,900,000        2,074,320   

UnitedHealth Group, Inc.
3.750%, 07/15/25

    3,600,000        3,950,932   
   

 

 

 
      14,903,700   
   

 

 

 

Household Products/Wares—0.0%

  

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

    500,000        520,495   
   

 

 

 

Insurance—1.0%

  

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

    2,975,000      3,198,087   

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

    150,000        216,719   

7.450%, 05/16/19

    1,700,000        1,939,186   

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

    3,000,000        3,142,852   

5.850%, 01/16/18

    1,800,000        1,898,329   

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

    1,165,000        1,642,650   

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

    2,900,000        3,049,007   

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

    865,000        1,167,883   

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

    4,000,000        4,266,948   

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

    780,000        948,443   

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

    4,000,000        4,304,137   

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

    1,525,000        1,769,924   
   

 

 

 
      27,544,165   
   

 

 

 

Internet—0.2%

  

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

    3,800,000        4,214,725   
   

 

 

 

Iron/Steel—0.0%

  

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

    1,100,000        1,065,625   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

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

    1,757,000        1,998,780   
   

 

 

 

Machinery-Diversified—0.1%

  

Deere & Co.
2.600%, 06/08/22

    1,950,000        2,022,904   
   

 

 

 

Media—1.0%

  

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

    1,950,000        2,495,163   

Comcast Corp.
4.650%, 07/15/42

    3,670,000        4,224,282   

5.650%, 06/15/35

    1,500,000        1,922,395   

6.950%, 08/15/37

    3,400,000        4,938,232   

Discovery Communications LLC
6.350%, 06/01/40

    1,800,000        1,950,167   

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

    1,800,000        1,963,242   

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

    800,000        869,437   

Time Warner Cable LLC
5.000%, 02/01/20

    1,900,000        2,058,337   

6.550%, 05/01/37

    100,000        118,448   

 

MSF-13


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—(Continued)

  

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

    380,000      $ 492,401   

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

    925,000        1,154,995   

7.700%, 05/01/32

    685,000        962,704   

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

    3,500,000        3,194,003   

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

    1,930,000        2,029,641   
   

 

 

 
      28,373,447   
   

 

 

 

Mining—0.3%

  

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

    3,125,000        3,429,036   

Newmont Mining Corp.
6.250%, 10/01/39

    1,800,000        2,110,247   

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

    1,751,000        2,013,208   
   

 

 

 
      7,552,491   
   

 

 

 

Miscellaneous Manufacturing—0.4%

  

General Electric Co.
3.375%, 03/11/24

    2,900,000        3,141,719   

5.250%, 12/06/17

    1,800,000        1,887,143   

5.300%, 02/11/21

    1,915,000        2,195,441   

6.750%, 03/15/32

    1,250,000        1,753,381   

7.500%, 08/21/35

    100,000        149,424   

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

    1,200,000        1,219,386   
   

 

 

 
      10,346,494   
   

 

 

 

Multi-National—1.5%

  

Asian Development Bank
1.625%, 08/26/20

    4,000,000        4,062,355   

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

    3,564,000        3,567,349   

European Investment Bank
1.625%, 06/15/17

    1,975,000        1,985,671   

2.500%, 10/15/24

    3,800,000        4,020,910   

4.000%, 02/16/21

    1,700,000        1,889,384   

4.875%, 02/15/36

    3,700,000        5,123,955   

5.125%, 05/30/17

    1,750,000        1,798,982   

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

    3,900,000        4,010,752   

2.375%, 08/15/17

    2,000,000        2,028,932   

6.800%, 10/15/25

    500,000        685,176   

7.000%, 06/15/25

    200,000        270,740   

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

    3,000,000        3,086,482   

7.625%, 01/19/23

    2,970,000        4,057,416   

8.875%, 03/01/26

    535,000        836,053   

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

    2,975,000        3,022,083   
   

 

 

 
      40,446,240   
   

 

 

 

Office/Business Equipment—0.1%

  

Xerox Corp.
6.350%, 05/15/18

    2,550,000      2,703,000   
   

 

 

 

Oil & Gas—1.7%

  

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

    2,445,000        2,549,059   

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

    300,000        382,147   

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

    3,900,000        4,104,338   

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

    1,800,000        2,009,492   

Chevron Corp.
3.191%, 06/24/23

    3,025,000        3,213,236   

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

    1,550,000        1,860,167   

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

    700,000        889,543   

Devon Energy Corp.
6.300%, 01/15/19

    850,000        921,906   

Hess Corp.
8.125%, 02/15/19

    1,630,000        1,874,500   

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

    2,000,000        2,061,651   

Noble Energy, Inc.
3.900%, 11/15/24

    4,200,000        4,298,187   

Petroleos Mexicanos
6.625%, 06/15/35

    3,400,000        3,422,232   

Shell International Finance B.V.
1.875%, 05/10/21

    5,000,000        4,991,528   

4.300%, 09/22/19

    1,000,000        1,077,337   

4.375%, 05/11/45

    1,900,000        2,053,813   

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

    3,100,000        3,279,699   

6.700%, 01/15/18

    300,000        319,913   

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

    2,500,000        2,679,531   

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

    3,000,000        3,095,680   

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

    1,600,000        1,776,222   
   

 

 

 
      46,860,181   
   

 

 

 

Oil & Gas Services—0.1%

  

Halliburton Co.
3.500%, 08/01/23

    4,000,000        4,129,083   
   

 

 

 

Pharmaceuticals—1.2%

  

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

    3,200,000        3,309,752   

Actavis Funding SCS
2.350%, 03/12/18

    3,900,000        3,946,738   

AstraZeneca plc
4.000%, 09/18/42

    1,200,000        1,248,969   

 

MSF-14


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

  

Express Scripts Holding Co.
4.500%, 02/25/26

    2,700,000      $ 2,957,165   

6.125%, 11/15/41

    313,000        381,904   

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

    2,100,000        3,029,471   

Johnson & Johnson
5.950%, 08/15/37

    910,000        1,327,287   

6.950%, 09/01/29

    250,000        366,690   

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

    4,000,000        4,109,132   

6.550%, 09/15/37

    1,000,000        1,434,696   

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

    300,000        394,062   

Novartis Capital Corp.
4.400%, 04/24/20 (b)

    900,000        990,454   

Sanofi
4.000%, 03/29/21

    2,775,000        3,050,879   

Teva Pharmaceutical Finance Netherlands III B.V.
2.800%, 07/21/23

    3,000,000        3,005,047   

Wyeth LLC
5.950%, 04/01/37

    3,300,000        4,387,328   
   

 

 

 
      33,939,574   
   

 

 

 

Pipelines—0.9%

  

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

    220,000        276,991   

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

    3,000,000        3,435,741   

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

    1,950,000        2,070,270   

5.150%, 03/15/45

    2,600,000        2,423,018   

Enterprise Products Operating LLC
3.950%, 02/15/27

    3,800,000        3,992,053   

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

    2,000,000        2,145,129   

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

    2,485,000        2,649,942   

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

    1,050,000        1,253,281   

7.625%, 04/01/37

    640,000        758,984   

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

    1,800,000        2,275,406   

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

    3,575,000        3,850,990   
   

 

 

 
      25,131,805   
   

 

 

 

Real Estate Investment Trusts—0.5%

  

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

    860,000        975,814   

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

    2,950,000        3,155,058   

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

    900,000        927,154   

Real Estate Investment Trusts—(Continued)

  

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

    2,591,000      2,874,211   

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

    550,000        628,104   

Simon Property Group L.P.
3.300%, 01/15/26

    3,800,000        4,001,454   
   

 

 

 
      12,561,795   
   

 

 

 

Retail—1.1%

  

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

    465,000        474,461   

CVS Health Corp.
2.250%, 12/05/18

    3,930,000        3,999,561   

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

    3,000,000        3,049,264   

4.400%, 04/01/21

    1,450,000        1,611,570   

Lowe’s Cos., Inc.
6.875%, 02/15/28

    1,000,000        1,370,187   

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

    4,600,000        3,874,039   

McDonald’s Corp.
3.700%, 01/30/26

    6,000,000        6,456,798   

5.350%, 03/01/18

    885,000        935,662   

Target Corp.
6.350%, 11/01/32

    708,000        960,576   

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

    4,000,000        4,151,556   

5.250%, 09/01/35

    935,000        1,236,563   

5.625%, 04/15/41

    1,900,000        2,575,512   

Walgreen Co.
5.250%, 01/15/19

    225,000        242,185   
   

 

 

 
      30,937,934   
   

 

 

 

Semiconductors—0.2%

  

Intel Corp.
2.700%, 12/15/22

    2,000,000        2,084,451   

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

    4,000,000        4,215,515   
   

 

 

 
      6,299,966   
   

 

 

 

Software—0.9%

  

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

    2,200,000        2,417,000   

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

    4,000,000        4,100,749   

Microsoft Corp.
2.000%, 11/03/20

    3,000,000        3,061,226   

3.125%, 11/03/25

    5,100,000        5,423,513   

4.200%, 06/01/19

    2,700,000        2,910,708   

Oracle Corp.
2.375%, 01/15/19

    3,885,000        3,975,626   

4.125%, 05/15/45

    4,200,000        4,365,808   
   

 

 

 
      26,254,630   
   

 

 

 

 

MSF-15


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Telecommunications—1.6%

  

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

    2,700,000      $ 2,824,687   

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

    100,000        138,312   

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

    4,100,000        4,173,081   

5.000%, 03/01/21

    2,600,000        2,905,528   

5.500%, 02/01/18

    3,500,000        3,686,944   

5.800%, 02/15/19

    1,700,000        1,864,416   

6.300%, 01/15/38

    1,300,000        1,611,573   

British Telecommunications plc
9.375%, 12/15/30

    1,000,000        1,617,151   

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

    2,000,000        2,583,452   

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

    1,000,000        1,552,210   

Orange S.A.
5.500%, 02/06/44

    2,400,000        2,987,891   

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

    800,000        876,261   

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

    1,400,000        1,449,095   

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

    2,400,000        2,669,073   

5.150%, 09/15/23 (b)

    3,510,000        4,079,284   

6.100%, 04/15/18

    1,600,000        1,715,112   

6.550%, 09/15/43

    3,304,000        4,475,362   

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

    500,000        618,619   

Vodafone Group plc
6.150%, 02/27/37

    2,170,000        2,624,163   
   

 

 

 
      44,452,214   
   

 

 

 

Transportation—0.4%

  

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

    3,900,000        4,289,141   

CSX Corp.
6.150%, 05/01/37

    1,600,000        2,092,008   

7.900%, 05/01/17

    500,000        519,279   

FedEx Corp.
8.000%, 01/15/19

    675,000        770,430   

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

    1,911,000        1,996,745   

5.590%, 05/17/25

    28,000        33,695   

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

    1,200,000        1,647,571   

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

    760,000        831,745   
   

 

 

 
      12,180,614   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $727,693,493)

      760,737,066   
   

 

 

 
Foreign Government—1.9%   
Security Description   Principal
Amount*
    Value  

Banks—0.6%

  

KFW
0.875%, 04/19/18

    3,500,000      3,497,660   

1.500%, 02/06/19

    5,000,000        5,049,445   

1.625%, 03/15/21

    3,500,000        3,541,134   

Landwirtschaftliche Rentenbank
2.000%, 01/13/25

    3,500,000        3,565,782   
   

 

 

 
      15,654,021   
   

 

 

 

Electric—0.0%

  

Hydro-Quebec
8.400%, 01/15/22

    1,000,000        1,303,627   
   

 

 

 

Provincial—0.3%

  

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

    1,970,000        2,010,636   

Province of Nova Scotia Canada
9.250%, 03/01/20

    250,000        310,000   

Province of Ontario Canada
2.450%, 06/29/22

    4,000,000        4,157,524   

4.400%, 04/14/20

    2,100,000        2,316,045   

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

    350,000        463,335   
   

 

 

 
      9,257,540   
   

 

 

 

Sovereign—1.0%

  

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

    4,000,000        4,066,757   

Colombia Government International Bond
8.125%, 05/21/24

    1,500,000        1,978,302   

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

    4,100,000        4,377,879   

6.750%, 09/27/34

    1,050,000        1,402,820   

8.000%, 09/24/22

    2,200,000        2,826,352   

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

    1,370,000        1,517,853   

Peruvian Government International Bond
8.750%, 11/21/33 (b)

    1,450,000        2,357,291   

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

    1,740,000        2,240,250   

Republic of Korea
7.125%, 04/16/19

    4,900,000        5,608,937   
   

 

 

 
      26,376,441   
   

 

 

 

Total Foreign Government
(Cost $50,415,110)

      52,591,629   
   

 

 

 
Mortgage-Backed Securities—1.1%   

Commercial Mortgage-Backed Securities—1.1%

  

Commercial Mortgage Trust
3.838%, 09/10/47

    3,800,000        4,166,548   

3.902%, 07/10/50

    1,835,000        2,015,821   

6.007%, 12/10/49 (a)

    2,175,941        2,226,561   

 

MSF-16


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

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

    1,835,000      $ 1,947,467   

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

    2,935,000        3,089,293   

3.377%, 05/10/45

    2,750,000        2,942,995   

4.243%, 08/10/46

    966,000        1,086,383   

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

    3,900,000        4,231,344   

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

    1,172,723        1,181,454   

5.440%, 06/12/47

    535,048        537,767   

Morgan Stanley Bank of America Merrill Lynch Trust
3.732%, 05/15/48

    3,750,000        4,106,663   

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

    1,877,020        1,930,061   

6.103%, 06/11/49 (a)

    980,984        1,007,118   

WF-RBS Commercial Mortgage Trust
3.488%, 06/15/46

    1,054,000        1,108,502   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $30,801,063)

      31,577,977   
   

 

 

 
Municipals—0.8%   

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

    2,210,000        3,507,315   

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

    2,160,000        3,132,907   

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

    2,000,000        2,699,860   

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

    3,500,000        5,480,370   

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

    1,900,000        2,387,293   

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

    2,000,000        3,037,560   

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

    1,230,000        1,185,720   
   

 

 

 

Total Municipals
(Cost $17,306,179)

      21,431,025   
   

 

 

 
Asset-Backed Securities—0.4%   

Asset-Backed - Automobile—0.2%

  

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

    830,000        833,566   

1.940%, 01/21/20

    2,000,000        2,017,400   

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

    353,356        353,393   

Asset-Backed - Automobile—(Continued)

  

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

    541,335      540,884   

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

    1,063,441        1,060,895   
   

 

 

 
      4,806,138   
   

 

 

 

Asset-Backed - Credit Card—0.2%

  

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

    1,960,000        2,046,632   

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

    4,924,000        5,207,622   
   

 

 

 
      7,254,254   
   

 

 

 

Asset-Backed - Home Equity—0.0%

  

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

    54,794        54,805   
   

 

 

 

Total Asset-Backed Securities
(Cost $11,994,302)

      12,115,197   
   

 

 

 
Short-Term Investments—1.4%   

Discount Notes—1.4%

  

Federal Home Loan Bank
0.174%, 10/07/16 (c)

    1,900,000        1,899,937   

0.187%, 10/12/16 (c)

    1,800,000        1,799,889   

0.192%, 10/19/16 (c)

    4,200,000        4,199,580   

0.213%, 10/05/16 (c)

    18,600,000        18,599,458   

0.213%, 10/21/16 (c)

    3,200,000        3,199,609   

0.228%, 11/14/16 (c)

    1,000,000        999,719   

0.230%, 10/11/16 (c)

    4,800,000        4,799,667   

0.254%, 11/25/16 (c)

    2,300,000        2,299,104   
   

 

 

 

Total Short-Term Investments
(Cost $37,796,963)

      37,796,963   
   

 

 

 
Securities Lending Reinvestments (d)—0.7%   

Certificates of Deposit—0.1%

  

Abbey National Treasury Services
0.440%, 10/03/16

    500,000        500,000   

Bank of Montreal
0.500%, 10/24/16

    250,000        250,000   

Bank of Nova Scotia
0.750%, 10/19/16

    100,000        100,011   

DZ Bank AG
0.950%, 01/03/17

    250,000        250,000   

KBC Bank NV
Zero Coupon, 12/27/16

    200,000        199,722   

1.000%, 01/04/17

    250,000        250,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    250,000        250,000   

National Bank of Canada
0.420%, 10/06/16

    100,000        100,000   

0.480%, 10/28/16

    200,000        199,999   

 

MSF-17


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Certificates of Deposit—(Continued)

  

Norinchukin Bank
0.480%, 10/24/16

    200,000      $ 200,000   

Standard Chartered Bank New York
0.910%, 12/16/16

    700,000        700,054   

Swedbank
0.350%, 10/03/16

    250,000        249,999   
   

 

 

 
      3,249,785   
   

 

 

 

Commercial Paper—0.1%

  

Albion Capital Corp.
0.720%, 10/25/16

    100,000        99,968   

Charta LLC
0.880%, 12/22/16

    100,000        99,809   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    200,000        199,892   

Credit Suisse AG
0.971%, 10/19/16

    200,000        199,998   

Kells Funding LLC
1.040%, 01/19/17

    700,000        697,922   

LMA S.A. & LMA Americas
0.580%, 10/17/16

    50,000        49,988   

Manhattan Asset Funding
0.740%, 11/28/16

    250,000        249,752   

Ridgefield Funding Co. LLC
0.650%, 10/26/16

    100,000        99,949   

Victory Receivables Corp.
1.050%, 01/04/17

    250,000        249,366   
   

 

 

 
      1,946,644   
   

 

 

 

Repurchase Agreements—0.5%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $1,700,132 on 10/03/16, collateralized by $1,606,526 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $1,734,000.

    1,700,000        1,700,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $1,700,118 on 10/03/16, collateralized by $1,668,930 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $1,734,002.

    1,700,000        1,700,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $500,021 on 10/03/16, collateralized by $486,096 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $510,000.

    500,000        500,000   

Repurchase Agreements—(Continued)

  

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $500,019 on 10/03/16, collateralized by $394,400 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $510,007.

    500,000      500,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $1,900,152 on 10/03/16, collateralized by $1,813,890 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $1,938,811.

    1,900,000        1,900,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $502,715 on 10/03/16, collateralized by $415,319 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $512,749.

    502,695        502,695   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $2,000,117 on 10/03/16, collateralized by $3,199,122 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $2,040,119.

    2,000,000        2,000,000   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $2,500,180 on 10/04/16, collateralized by $2,404,435 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $2,550,000.

    2,500,000        2,500,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $1,000,043 on 10/03/16, collateralized by $1,411,875 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $1,020,000.

    1,000,000        1,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,000,038 on 10/03/16, collateralized by $936,180 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,020,021.

    1,000,000        1,000,000   
   

 

 

 
      13,302,695   
   

 

 

 

 

MSF-18


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Time Deposits—0.0%

  

ANZ London
0.420%, 10/03/16

    75,857      $ 75,857   

DBS Bank Limited, Singapore
0.380%, 10/04/16

    300,000        300,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    100,000        100,000   

Royal Bank of Canada
0.280%, 10/03/16

    200,000        200,000   
   

 

 

 
      675,857   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $19,174,583)

      19,174,981   
   

 

 

 

Total Investments—100.9%
(Cost $2,648,870,094) (e)

      2,781,706,708   

Other assets and liabilities (net)—(0.9)%

      (24,796,862
   

 

 

 
Net Assets—100.0%     $ 2,756,909,846   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Variable or floating rate security. The stated rate represents the rate at September 30, 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 September 30, 2016, the market value of securities loaned was $17,979,354 and the collateral received consisted of cash in the amount of $18,674,280. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) The rate shown represents current yield to maturity.
(d) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(e) As of September 30, 2016, the aggregate cost of investments was $2,648,870,094. The aggregate unrealized appreciation and depreciation of investments were $148,513,155 and $(15,676,541), respectively, resulting in net unrealized appreciation of $132,836,614.
(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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —         $ 1,846,281,870       $ —         $ 1,846,281,870   

Total Corporate Bonds & Notes*

     —           760,737,066         —           760,737,066   

Total Foreign Government*

     —           52,591,629         —           52,591,629   

Total Mortgage-Backed Securities*

     —           31,577,977         —           31,577,977   

Total Municipals

     —           21,431,025         —           21,431,025   

Total Asset-Backed Securities*

     —           12,115,197         —           12,115,197   

Total Short-Term Investments*

     —           37,796,963         —           37,796,963   
Securities Lending Reinvestments            

Certificates of Deposit

     —           3,249,785         —           3,249,785   

Commercial Paper

     —           1,946,644         —           1,946,644   

Repurchase Agreements

     —           13,302,695         —           13,302,695   

Time Deposits

     —           675,857         —           675,857   

Total Securities Lending Reinvestments

     —           19,174,981         —           19,174,981   

Total Investments

   $ —         $ 2,781,706,708       $ —         $ 2,781,706,708   
                                     

Collateral for Securities Loaned (Liability)

   $ —         $ (18,674,280)       $ —         $ (18,674,280)   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-19


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

U.S. Treasury & Government Agencies—54.1% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—32.5%

  

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

    1,676,475      $ 1,741,374   

2.500%, 07/01/30

    479,311        497,746   

2.500%, 08/01/30

    3,929,550        4,079,210   

2.500%, 09/01/30

    2,097,743        2,178,541   

2.500%, 11/01/30

    4,227,407        4,387,350   

3.000%, 11/01/28

    4,498,125        4,748,051   

3.000%, 12/01/28

    1,267,153        1,338,219   

3.000%, 01/01/29

    512,670        541,509   

3.000%, 04/01/29

    1,771,548        1,870,252   

3.000%, 05/01/29

    2,840,213        2,997,484   

3.000%, 08/01/29

    3,172,918        3,342,245   

3.000%, 09/01/29

    1,036,109        1,094,865   

3.000%, 03/01/30

    1,556,883        1,645,352   

3.000%, 04/01/30

    1,328,900        1,403,031   

3.000%, 05/01/30

    1,889,036        1,995,374   

3.000%, 07/01/30

    9,395,244        9,920,740   

3.000%, 08/01/30

    7,860,537        8,299,054   

3.000%, 09/01/30

    2,981,738        3,148,994   

3.500%, 11/01/25

    2,002,359        2,130,802   

3.500%, 08/01/26

    1,518,539        1,601,259   

3.500%, 08/01/28

    1,029,433        1,099,352   

3.500%, 10/01/28

    4,312,404        4,603,465   

3.500%, 11/01/28

    5,310,117        5,669,963   

3.500%, 02/01/29

    10,919,555        11,649,552   

3.500%, 04/01/29

    2,304,551        2,460,962   

3.500%, 05/01/29

    5,283,697        5,624,054   

3.500%, 06/01/29

    3,218,372        3,436,610   

3.500%, 07/01/29

    12,159,158        12,993,639   

3.500%, 09/01/29

    318,555        341,488   

3.500%, 12/01/29

    14,894,954        15,958,955   

3.500%, 08/01/30

    1,438,528        1,546,182   

4.000%, 01/01/25

    12,908        13,331   

4.000%, 02/01/25

    4,079,298        4,296,716   

4.000%, 09/01/25

    741,736        786,621   

4.000%, 10/01/25

    2,223,691        2,362,421   

4.000%, 01/01/26

    658,458        698,888   

4.000%, 04/01/26

    465,685        494,815   

4.000%, 07/01/26

    1,825,763        1,938,253   

4.000%, 08/01/26

    991,528        1,052,965   

4.500%, 12/01/20

    890,827        921,762   

4.500%, 02/01/25

    700,127        742,960   

4.500%, 04/01/25

    140,167        148,744   

4.500%, 07/01/25

    516,624        548,245   

4.500%, 06/01/26

    3,201,798        3,427,232   

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

    3,516        3,902   

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

    9,529,362        9,973,715   

3.000%, 01/01/43

    6,425,364        6,718,922   

3.000%, 02/01/43

    3,056,987        3,200,992   

3.000%, 03/01/43

    24,662,792        25,740,895   

3.000%, 04/01/43

    16,999,585        17,751,915   

3.000%, 05/01/43

    22,809,736        23,869,723   

3.000%, 06/01/43

    2,889,215        3,029,217   

3.000%, 06/01/46

    955,640        1,000,899   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

3.000%, 08/01/46

    104,341      108,543   

3.000%, 09/01/46

    2,394,986        2,507,194   

3.500%, 01/01/42

    220,343        235,745   

3.500%, 04/01/42

    81,116        87,435   

3.500%, 06/01/42

    993,893        1,066,238   

3.500%, 10/01/42

    415,153        447,490   

3.500%, 12/01/42

    205,882        221,915   

3.500%, 01/01/43

    1,384,071        1,489,519   

3.500%, 02/01/43

    1,912,404        2,043,114   

3.500%, 03/01/43

    4,981,700        5,348,976   

3.500%, 04/01/43

    88,392        95,083   

3.500%, 07/01/43

    14,387,465        15,432,428   

3.500%, 08/01/43

    9,594,607        10,270,571   

3.500%, 09/01/43

    156,962        168,426   

3.500%, 10/01/43

    192,871        207,774   

3.500%, 11/01/43

    1,541,221        1,646,944   

3.500%, 01/01/44

    2,127,284        2,286,751   

3.500%, 06/01/44

    425,523        456,730   

3.500%, 07/01/44

    369,585        397,528   

3.500%, 08/01/44

    2,883,151        3,103,694   

3.500%, 09/01/44

    779,161        839,700   

3.500%, 10/01/44

    1,002,897        1,069,866   

3.500%, 05/01/45

    891,094        950,535   

3.500%, 06/01/45

    1,567,485        1,671,667   

3.500%, 10/01/45

    3,508,433        3,741,488   

3.500%, 11/01/45

    1,971,849        2,117,948   

3.500%, 12/01/45

    993,329        1,066,893   

3.500%, 04/01/46

    10,000,178        10,550,059   

3.500%, 06/01/46

    18,727,000        19,763,743   

3.500%, 07/01/46

    13,132,207        13,859,321   

4.000%, 08/01/33

    1,621,058        1,741,509   

4.000%, 06/01/39

    1,204,711        1,296,166   

4.000%, 12/01/39

    120,777        129,751   

4.000%, 07/01/40

    1,549,930        1,665,096   

4.000%, 08/01/40

    2,814,413        3,025,751   

4.000%, 10/01/40

    7,252,092        7,894,994   

4.000%, 11/01/40

    510,713        550,050   

4.000%, 12/01/40

    2,612,358        2,813,476   

4.000%, 04/01/41

    258,435        278,337   

4.000%, 09/01/41

    6,896,897        7,429,891   

4.000%, 10/01/41

    431,028        463,055   

4.000%, 12/01/41

    1,592,252        1,755,937   

4.000%, 02/01/42

    3,827,434        4,125,706   

4.000%, 05/01/42

    1,616,886        1,763,908   

4.000%, 06/01/42

    923,733        994,233   

4.000%, 07/01/42

    5,976,376        6,567,437   

4.000%, 08/01/42

    499,787        538,532   

4.000%, 09/01/42

    1,184,531        1,275,932   

4.000%, 12/01/42

    3,304,619        3,607,360   

4.000%, 01/01/43

    1,467,759        1,580,500   

4.000%, 10/01/43

    1,093,523        1,178,006   

4.000%, 11/01/43

    4,775,731        5,267,203   

4.000%, 01/01/44

    3,509,108        3,870,207   

4.000%, 02/01/44

    3,245,719        3,579,304   

4.000%, 05/01/44

    4,874,942        5,375,968   

 

MSF-20


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 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%, 07/01/44

    1,614,925      $ 1,740,283   

4.000%, 10/01/44

    6,723,591        7,271,117   

4.000%, 11/01/44

    1,960,805        2,106,501   

4.000%, 12/01/44

    6,671,982        7,313,762   

4.000%, 01/01/45

    2,628,470        2,898,796   

4.000%, 02/01/45

    2,084,338        2,267,732   

4.000%, 03/01/45

    1,347,518        1,472,971   

4.000%, 04/01/45

    1,172,795        1,289,125   

4.000%, 05/01/45

    1,246,245        1,345,521   

4.000%, 06/01/45

    1,741,591        1,870,998   

4.000%, 07/01/45

    9,347,587        10,042,757   

4.000%, 08/01/45

    1,315,024        1,413,391   

4.000%, 09/01/45

    4,816,721        5,175,730   

4.000%, 10/01/45

    22,071,349        24,044,645   

4.000%, 11/01/45

    8,995,352        9,723,127   

4.000%, 12/01/45

    15,217,140        16,478,378   

4.000%, 01/01/46

    7,400,916        7,993,416   

4.000%, 02/01/46

    4,643,317        5,028,726   

4.000%, 03/01/46

    44,524,295        47,836,073   

4.000%, 04/01/46

    1,525,001        1,640,387   

4.000%, 05/01/46

    1,999,999        2,148,607   

4.000%, 08/01/46

    28,505        30,624   

4.000%, 09/01/46

    9,397,867        10,096,168   

4.500%, 08/01/39

    2,243,299        2,460,879   

4.500%, 11/01/39

    480,049        534,255   

4.500%, 01/01/40

    57,723        64,080   

4.500%, 04/01/40

    143,084        158,685   

4.500%, 05/01/40

    350,871        386,726   

4.500%, 06/01/40

    354,914        389,417   

4.500%, 07/01/40

    655,777        718,857   

4.500%, 08/01/40

    4,647,259        5,108,609   

4.500%, 11/01/40

    1,333,973        1,462,710   

4.500%, 07/01/41

    392,137        430,447   

4.500%, 08/01/41

    196,068        214,775   

4.500%, 09/01/41

    1,265,481        1,391,853   

4.500%, 01/01/42

    276,354        303,023   

4.500%, 06/01/42

    167,303        183,266   

4.500%, 08/01/42

    1,493,868        1,637,318   

4.500%, 09/01/42

    4,500,289        4,929,673   

4.500%, 09/01/43

    1,330,538        1,461,715   

4.500%, 10/01/43

    2,005,461        2,199,370   

4.500%, 12/01/43

    2,849,130        3,124,448   

4.500%, 01/01/44

    4,597,900        5,085,946   

4.500%, 10/01/45

    3,635,042        4,080,428   

4.500%, 11/01/45

    6,587,420        7,401,601   

4.500%, 06/01/46

    4,099,244        4,564,901   

5.000%, 11/01/32

    9,798        10,873   

5.000%, 06/01/39

    31,717,529        35,554,169   

5.000%, 04/01/41

    58,778        65,507   

5.000%, 07/01/41

    644,999        718,009   

5.000%, 08/01/41

    722,269        806,496   

5.000%, 01/01/42

    54,062        60,004   

5.500%, 11/01/32

    1,741,689        1,978,035   

5.500%, 12/01/32

    280,164        318,425   

5.500%, 01/01/33

    1,037,402        1,172,208   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

5.500%, 12/01/33

    366,497      416,594   

5.500%, 05/01/34

    2,929,409        3,331,633   

5.500%, 08/01/37

    3,024,018        3,440,690   

5.500%, 02/01/38

    433,415        496,217   

5.500%, 03/01/38

    327,384        373,600   

5.500%, 04/01/38

    278,852        313,899   

5.500%, 06/01/38

    424,102        485,234   

5.500%, 12/01/38

    521,307        586,827   

5.500%, 08/01/39

    473,722        536,766   

5.500%, 04/01/40

    131,645        148,733   

5.500%, 04/01/41

    509,909        577,470   

5.500%, TBA (a)

    5,258,000        5,925,109   

6.000%, 02/01/34

    328,186        381,876   

6.000%, 08/01/34

    246,352        286,145   

6.000%, 04/01/35

    3,867,428        4,497,769   

6.000%, 06/01/36

    581,298        678,165   

6.000%, 02/01/38

    774,757        898,367   

6.000%, 03/01/38

    282,033        328,196   

6.000%, 05/01/38

    902,557        1,050,359   

6.000%, 10/01/38

    1,115,366        1,283,186   

6.000%, 12/01/38

    332,019        384,839   

6.000%, 04/01/40

    3,540,833        4,062,259   

6.000%, 09/01/40

    365,676        418,881   

6.000%, 06/01/41

    780,242        894,824   

6.500%, 05/01/40

    5,205,077        6,004,142   

Fannie Mae ARM Pool
2.814%, 03/01/41 (b)

    568,290        602,182   

2.945%, 03/01/41 (b)

    375,008        396,325   

3.022%, 08/01/38 (b)

    734,696        778,425   

3.157%, 12/01/40 (b)

    1,046,559        1,099,779   

3.384%, 06/01/41 (b)

    2,013,243        2,118,373   

3.536%, 09/01/41 (b)

    1,453,642        1,534,860   

Fannie Mae Pool
2.500%, 05/01/26

    900,000        927,466   

2.540%, 08/01/28

    798,899        821,960   

2.690%, 04/01/25

    480,000        501,932   

4.000%, 01/01/41

    719,065        778,622   

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

    125,062        133,668   

Fannie Mae-ACES
0.242%, 08/25/24 (b) (c)

    117,296,607        1,217,621   

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

    1,641,866        1,705,986   

2.500%, 12/01/29

    454,875        472,474   

2.500%, 05/01/30

    1,525,422        1,582,964   

2.500%, 07/01/30

    1,045,519        1,085,722   

2.500%, 08/01/30

    2,996,521        3,112,615   

2.500%, 09/01/30

    3,858,181        4,004,596   

2.500%, TBA (a)

    8,077,000        8,367,267   

3.000%, 01/01/30

    1,248,989        1,318,082   

3.000%, 04/01/30

    5,820,706        6,153,043   

3.000%, 05/01/30

    954,367        1,009,616   

3.000%, 06/01/30

    39,703        41,964   

3.000%, 07/01/30

    2,184,922        2,307,372   

3.000%, 08/01/30

    3,277,659        3,464,066   

 

MSF-21


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool

   

3.000%, TBA (a)

    6,632,000      $ 6,966,061   

3.500%, TBA (a)

    7,978,000        8,425,696   

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

    2,233,017        2,332,817   

3.000%, 03/01/43

    5,073,190        5,283,030   

3.000%, 07/01/43

    14,621,726        15,333,519   

3.000%, TBA (a)

    15,289,000        15,887,421   

3.500%, 04/01/42

    2,321,377        2,496,540   

3.500%, 08/01/42

    1,846,432        1,987,563   

3.500%, 10/01/42

    231,294        246,002   

3.500%, 02/01/43

    483,911        521,971   

3.500%, 07/01/43

    3,423,076        3,700,346   

3.500%, 12/01/43

    2,058,832        2,225,203   

3.500%, 01/01/44

    667,029        720,297   

3.500%, 04/01/44

    176,304        189,955   

3.500%, 05/01/44

    712,223        767,933   

3.500%, 06/01/44

    189,797        204,433   

3.500%, 07/01/44

    149,739        161,803   

3.500%, 08/01/44

    659,156        710,092   

3.500%, 09/01/44

    1,156,793        1,247,516   

3.500%, 09/01/45

    244,425        263,616   

3.500%, 10/01/45

    13,993,835        14,938,675   

3.500%, 05/01/46

    6,562,356        6,923,082   

3.500%, 06/01/46

    6,627,485        6,993,315   

3.500%, TBA (a)

    32,297,000        34,031,703   

4.000%, 08/01/40

    485,842        523,158   

4.000%, 10/01/40

    197,464        215,113   

4.000%, 11/01/40

    930,636        1,012,009   

4.000%, 04/01/41

    24,234        26,094   

4.000%, 10/01/41

    841,335        916,640   

4.000%, 09/01/43

    572,482        628,012   

4.000%, 04/01/44

    1,270,124        1,384,314   

4.000%, 08/01/44

    4,533,771        4,985,451   

4.000%, 02/01/45

    463,599        505,703   

4.000%, 09/01/45

    1,953,306        2,132,276   

4.000%, 10/01/45

    6,665,061        7,174,855   

4.000%, 12/01/45

    862,739        939,084   

4.000%, 01/01/46

    418,788        449,716   

4.000%, TBA (a)

    25,293,000        27,100,066   

4.500%, 02/01/39

    1,909,774        2,090,099   

4.500%, 08/01/39

    1,625,307        1,786,742   

4.500%, 12/01/39

    393,849        431,456   

4.500%, 07/01/40

    126,456        139,017   

4.500%, 05/01/41

    2,629,653        2,891,019   

4.500%, 05/01/42

    2,456,577        2,695,703   

4.500%, 10/01/43

    1,155,871        1,268,903   

4.500%, 12/01/43

    3,032,818        3,348,423   

4.500%, 04/01/44

    1,460,664        1,603,498   

4.500%, 09/01/44

    4,600,464        5,042,369   

5.000%, 10/01/41

    990,555        1,098,722   

5.000%, 11/01/41

    9,021,378        10,017,441   

5.500%, 09/01/39

    295,560        331,688   

5.500%, 01/01/40

    326,234        365,999   

5.500%, 07/01/40

    414,565        465,424   

5.500%, 06/01/41

    3,851,080        4,355,007   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac ARM Non-Gold Pool
2.998%, 02/01/41 (b)

    907,749      960,608   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.503%, 03/25/26 (b) (c)

    10,374,086        1,078,848   

2.673%, 03/25/26

    695,000        727,173   

2.770%, 05/25/25

    1,110,000        1,164,225   

3.205%, 03/25/25

    370,000        403,469   

3.334%, 08/25/25 (b)

    570,000        627,521   

3.527%, 10/25/23 (b)

    550,000        609,229   

3.531%, 07/25/23 (b)

    500,000        553,497   

FREMF Mortgage Trust
3.724%, 06/25/48 (144A) (b)

    658,000        654,368   

3.908%, 10/25/48 (144A) (b)

    400,000        397,610   

4.189%, 02/25/26 (144A) (b)

    775,000        785,574   

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

    6,519,000        6,826,317   

3.500%, 02/15/42

    256,224        272,572   

3.500%, 04/15/42

    491,428        530,944   

3.500%, 05/15/42

    437,637        473,787   

3.500%, 08/15/42

    686,346        742,768   

3.500%, 11/15/42

    441,531        469,657   

3.500%, 12/15/42

    1,437,257        1,555,171   

3.500%, 01/15/43

    617,707        662,637   

3.500%, 02/15/43

    974,203        1,048,881   

3.500%, 03/15/43

    533,777        572,659   

3.500%, 04/15/43

    2,003,618        2,168,196   

3.500%, 05/15/43

    3,482,592        3,752,634   

3.500%, 06/15/43

    883,524        944,376   

3.500%, 07/15/43

    2,946,680        3,188,097   

4.000%, 01/15/41

    2,148,602        2,316,463   

4.000%, 03/15/41

    1,579,538        1,698,107   

4.000%, 12/15/41

    26,676        28,682   

4.000%, 05/15/42

    147,822        158,986   

4.000%, TBA (a)

    4,542,000        4,881,848   

4.500%, 02/15/42

    16,550,159        18,305,186   

5.000%, 12/15/38

    458,617        513,955   

5.000%, 07/15/39

    1,289,957        1,449,931   

5.000%, 12/15/40

    1,537,283        1,722,847   

5.500%, 04/15/33

    41,530        47,570   

6.500%, 04/15/33

    50,960        58,768   

8.500%, 01/15/17

    267        267   

8.500%, 05/15/17

    90        90   

8.500%, 05/15/22

    981        1,022   

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

    65,154,000        68,253,904   

3.500%, 12/20/41

    5,795,467        6,176,747   

3.500%, 10/20/42

    590,120        628,459   

3.500%, 01/20/43

    522,444        556,387   

3.500%, 04/20/43

    442,912        471,688   

3.500%, 04/20/46

    7,433,130        7,903,659   

3.500%, TBA (a)

    87,455,000        92,886,778   

4.000%, 09/20/40

    155,911        167,754   

4.000%, 10/20/40

    292,366        314,573   

4.000%, 12/20/40

    4,197,428        4,516,243   

4.000%, 01/20/41

    3,161,066        3,407,696   

 

MSF-22


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool

   

4.000%, 02/20/41

    56,115      $ 60,493   

4.000%, 07/20/43

    288,280        310,135   

4.000%, 08/20/44

    1,179,917        1,291,657   

4.000%, TBA (a)

    34,238,000        36,686,818   

4.500%, 12/20/39

    133,733        146,391   

4.500%, 01/20/40

    163,908        179,422   

4.500%, 02/20/40

    130,631        142,995   

4.500%, 05/20/40

    9,101        9,964   

4.500%, 08/20/40

    322,934        353,628   

4.500%, 05/20/41

    17,286,561        18,936,471   

4.500%, 06/20/41

    1,686,574        1,847,554   

4.500%, 07/20/41

    1,051,897        1,152,299   

4.500%, 11/20/41

    155,355        170,626   

4.500%, 11/20/44

    408,976        441,793   

5.000%, 10/20/33

    1,330,280        1,495,183   

5.000%, 10/20/39

    488,472        545,946   

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

    6,664,262        145,430   

0.876%, 02/16/53 (b) (c)

    21,655,097        1,247,143   

1.000%, 02/16/39 (c)

    9,123,743        175,718   

1.010%, 08/16/58 (b) (c)

    3,933,587        321,743   

1.059%, 01/16/49 (b) (c)

    10,237,295        626,353   

1.074%, 05/16/58 (b) (c)

    2,779,336        237,534   

1.127%, 04/16/58 (b) (c) (d)

    4,220,000        370,420   

1.150%, 12/16/57 (b) (c) (d)

    4,300,000        382,301   
   

 

 

 
      1,282,033,772   
   

 

 

 

U.S. Treasury—21.6%

   

U.S. Treasury Bonds
2.500%, 02/15/46

    5,335,000        5,514,224   

2.500%, 05/15/46 (e)

    23,315,400        24,131,439   

3.000%, 11/15/45 (f)

    54,868,000        62,605,266   

U.S. Treasury Inflation Indexed Notes
0.125%, 04/15/21 (g)

    84,605,992        86,372,481   

0.125%, 07/15/26 (g)

    20,029,800        20,248,746   

0.625%, 01/15/26 (g)

    40,420,020        42,510,139   

U.S. Treasury Notes
0.750%, 07/31/18 (e)

    75,000,000        74,979,525   

0.750%, 02/15/19 (e)

    112,406,000        112,190,855   

1.125%, 06/30/21

    102,376,000        102,256,015   

1.125%, 07/31/21 (e)

    51,863,000        51,788,058   

1.125%, 08/31/21 (e)

    75,084,500        75,008,214   

1.375%, 06/30/23

    30,570,000        30,516,258   

1.500%, 08/15/26

    9,845,000        9,749,238   

1.625%, 04/30/23

    25,023,000        25,387,585   

1.625%, 02/15/26

    14,866,800        14,892,356   

1.625%, 05/15/26

    2,388,000        2,391,171   

2.000%, 08/15/25

    37,229,000        38,526,207   

2.250%, 11/15/25

    69,815,200        73,698,670   
   

 

 

 
      852,766,447   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $2,106,666,068)

      2,134,800,219   
   

 

 

 
Corporate Bonds & Notes—30.9%   
Security Description   Principal
Amount*
    Value  

Advertising—0.1%

  

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

    1,191,000      1,244,127   

4.000%, 03/15/22

    1,468,000        1,568,712   

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

    750,000        796,986   
   

 

 

 
      3,609,825   
   

 

 

 

Aerospace/Defense—0.4%

  

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

    699,000        715,477   

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

    454,000        482,771   

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

    132,000        145,953   

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

    222,000        225,635   

2.350%, 10/30/21

    844,000        871,936   

2.600%, 10/30/25

    316,000        325,952   

Harris Corp.
2.700%, 04/27/20

    706,000        719,195   

4.854%, 04/27/35

    1,855,000        2,037,669   

5.054%, 04/27/45

    299,000        342,435   

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

    299,000        315,308   

3.550%, 01/15/26

    815,000        880,679   

3.600%, 03/01/35

    1,121,000        1,149,037   

4.070%, 12/15/42

    380,000        407,067   

4.500%, 05/15/36

    323,000        367,557   

4.700%, 05/15/46

    527,000        626,140   

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

    1,295,000        1,343,671   

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

    3,052,000        3,068,633   

4.150%, 05/15/45

    836,000        925,362   
   

 

 

 
      14,950,477   
   

 

 

 

Agriculture—0.6%

  

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

    1,684,000        1,742,093   

2.850%, 08/09/22

    1,218,000        1,271,764   

3.875%, 09/16/46

    2,828,000        2,933,911   

4.250%, 08/09/42

    211,000        228,288   

5.375%, 01/31/44

    1,639,000        2,063,550   

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

    3,344,000        3,342,314   

2.750%, 02/25/26

    6,002,000        6,156,954   

4.125%, 03/04/43

    1,129,000        1,214,272   

4.875%, 11/15/43

    1,032,000        1,240,911   

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

    1,321,000        1,340,209   

3.250%, 06/12/20

    561,000        590,211   
   

 

 

 
      22,124,477   
   

 

 

 

Airlines—0.3%

  

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

    2,214,000        2,236,140   

 

MSF-23


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Airlines—(Continued)

  

American Airlines Pass-Through Trust
3.375%, 05/01/27

    3,500,179      $ 3,587,684   

Southwest Airlines Co.
2.650%, 11/05/20

    1,550,000        1,590,697   

2.750%, 11/06/19

    1,032,000        1,064,638   

Turkish Airlines Pass-Through Trust
4.200%, 03/15/27 (144A)

    1,239,549        1,183,769   

United Airlines Pass-Through Trust
4.750%, 04/11/22

    379,793        388,338   
   

 

 

 
      10,051,266   
   

 

 

 

Apparel—0.0%

  

BiSoho SAS
5.875%, 05/01/23 (EUR)

    100,000        119,025   

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

    1,192,000        1,306,706   
   

 

 

 
      1,425,731   
   

 

 

 

Auto Manufacturers—1.3%

  

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

    3,587,000        3,662,722   

Fiat Chrysler Finance Europe
4.750%, 03/22/21 (EUR)

    100,000        122,640   

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

    6,974,000        6,980,555   

2.021%, 05/03/19

    10,222,000        10,241,943   

2.145%, 01/09/18

    2,592,000        2,605,507   

3.336%, 03/18/21

    3,783,000        3,892,087   

4.250%, 09/20/22

    1,943,000        2,102,384   

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

    2,036,000        2,052,152   

3.100%, 01/15/19

    814,000        829,733   

3.200%, 07/06/21

    8,280,000        8,381,687   

3.450%, 04/10/22

    1,410,000        1,430,173   

3.700%, 11/24/20

    1,345,000        1,399,650   

4.000%, 01/15/25

    1,821,000        1,838,201   

4.750%, 08/15/17

    3,515,000        3,610,067   

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

    3,187,000        3,327,320   
   

 

 

 
      52,476,821   
   

 

 

 

Auto Parts & Equipment—0.1%

  

BorgWarner, Inc.
3.375%, 03/15/25

    1,561,000        1,596,770   

Delphi Automotive plc

   

4.250%, 01/15/26

    1,855,000        2,020,792   

4.400%, 10/01/46

    765,000        780,959   

Faurecia
3.625%, 06/15/23 (EUR)

    100,000        114,975   

IHO Verwaltungs GmbH
2.750%, 09/15/21 (EUR) (i)

    100,000        112,274   

3.250%, 09/15/23 (EUR) (i)

    100,000        111,858   

LKQ Italia Bondco S.p.A.
3.875%, 04/01/24 (EUR)

    100,000        119,637   

Auto Parts & Equipment—(Continued)

  

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

    60,000      73,548   
   

 

 

 
      4,930,813   
   

 

 

 

Banks—6.0%

  

Allied Irish Banks plc
4.125%, 11/26/25 (EUR) (b)

    100,000        107,870   

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

    200,000        208,960   

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

    200,000        48,978   

Banco Nacional de Comercio Exterior SNC
3.800%, 08/11/26 (144A) (b)

    1,368,000        1,328,260   

Banco Santander S.A.
6.250%, 03/12/19 (EUR) (b)

    100,000        100,540   

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

    2,535,000        2,552,453   

3.300%, 01/11/23

    3,383,000        3,501,973   

3.875%, 08/01/25

    5,164,000        5,516,789   

4.875%, 04/01/44

    494,000        572,510   

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

    100,000        111,189   

Bank of New York Mellon Corp. (The)
2.050%, 05/03/21

    13,331,000        13,421,318   

2.100%, 01/15/19

    3,085,000        3,136,569   

4.625%, 09/20/26 (b)

    16,264,000        16,020,040   

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

    200,000        222,793   

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

    2,395,000        2,450,885   

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

    2,160,000        2,196,742   

Capital One Financial Corp.
3.750%, 07/28/26

    10,098,000        10,133,787   

4.750%, 07/15/21

    80,000        89,023   

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

    250,000        253,954   

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

    2,960,000        2,967,462   

2.500%, 09/26/18

    4,057,000        4,121,381   

2.500%, 07/29/19

    3,634,000        3,707,952   

3.500%, 05/15/23 (h)

    2,381,000        2,446,099   

3.875%, 03/26/25

    1,530,000        1,578,971   

4.125%, 07/25/28

    2,767,000        2,813,010   

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

    1,395,000        1,411,118   

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

    100,000        131,357   

Cooperatieve Rabobank UA
4.375%, 08/04/25 (h)

    2,756,000        2,908,341   

6.625%, 06/29/21 (EUR) (b)

    200,000        236,216   

Credit Agricole S.A.
6.500%, 06/23/21 (EUR) (b)

    100,000        111,605   

Credit Suisse AG
3.000%, 10/29/21

    2,270,000        2,335,317   

 

MSF-24


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

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

    3,269,000      $ 3,280,899   

4.875%, 05/15/45

    753,000        795,365   

Discover Bank
3.450%, 07/27/26

    2,040,000        2,051,912   

Fifth Third Bank
2.250%, 06/14/21

    3,062,000        3,113,138   

Goldman Sachs Group, Inc. (The)
2.000%, 04/25/19

    950,000        956,327   

2.350%, 11/15/21

    6,177,000        6,162,669   

2.600%, 04/23/20

    2,774,000        2,819,374   

2.625%, 01/31/19

    3,624,000        3,698,027   

2.625%, 04/25/21

    2,055,000        2,086,719   

2.750%, 09/15/20

    1,326,000        1,358,256   

3.500%, 01/23/25

    1,683,000        1,740,532   

3.750%, 05/22/25

    3,281,000        3,445,273   

4.800%, 07/08/44

    994,000        1,117,961   

HSBC Holdings plc
2.650%, 01/05/22

    11,502,000        11,462,859   

HSH Nordbank AG
0.501%, 02/14/17 (EUR) (b)

    50,000        54,202   

Intesa Sanpaolo S.p.A.
7.000%, 01/19/21 (EUR) (b)

    200,000        207,820   

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

    5,265,000        5,267,522   

2.200%, 10/22/19

    2,326,000        2,362,474   

2.550%, 10/29/20

    3,260,000        3,320,466   

2.750%, 06/23/20

    667,000        686,378   

3.200%, 06/15/26

    4,172,000        4,281,719   

3.875%, 09/10/24

    2,931,000        3,085,681   

3.900%, 07/15/25

    1,343,000        1,448,181   

4.250%, 10/01/27

    1,990,000        2,135,151   

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

    478,000        514,562   

Morgan Stanley
2.800%, 06/16/20

    3,889,000        3,989,601   

3.700%, 10/23/24

    3,417,000        3,605,471   

3.750%, 02/25/23

    1,545,000        1,640,932   

3.875%, 01/27/26

    3,069,000        3,258,302   

4.000%, 07/23/25

    1,425,000        1,532,387   

Royal Bank of Scotland Group plc
3.875%, 09/12/23

    9,442,000        9,290,862   

Santander UK Group Holdings plc
2.875%, 08/05/21 (h)

    16,750,000        16,743,183   

4.750%, 09/15/25 (144A)

    1,290,000        1,291,450   

Societe Generale S.A.
7.375%, 09/13/21 (144A) (b)

    200,000        196,000   

State Street Capital Trust
1.850%, 06/15/37 (b)

    500,000        430,000   

State Street Corp.
2.650%, 05/19/26 (h)

    4,226,000        4,274,067   

U.S. Bancorp
2.375%, 07/22/26

    4,650,000        4,592,493   

2.950%, 07/15/22

    3,137,000        3,268,095   

3.100%, 04/27/26

    1,938,000        2,001,939   

Banks—(Continued)

  

UBS Group Funding Jersey, Ltd.
2.650%, 02/01/22 (144A)

    7,607,000      7,592,843   

4.125%, 09/24/25 (144A)

    1,338,000        1,402,209   

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

    100,000        117,196   

Wells Fargo & Co.
2.100%, 07/26/21

    8,020,000        7,992,524   

2.550%, 12/07/20

    1,717,000        1,750,694   

2.600%, 07/22/20

    1,479,000        1,509,009   

3.550%, 09/29/25

    1,756,000        1,854,636   

3.900%, 05/01/45 (h)

    2,148,000        2,209,905   

4.900%, 11/17/45

    969,000        1,066,880   
   

 

 

 
      235,807,607   
   

 

 

 

Beverages—0.7%

  

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

    3,844,000        3,966,608   

3.300%, 02/01/23

    3,105,000        3,277,356   

3.650%, 02/01/26

    10,490,000        11,266,260   

4.700%, 02/01/36

    1,240,000        1,425,719   

4.900%, 02/01/46

    474,000        563,956   

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

    860,000        860,787   

Molson Coors Brewing Co.
3.000%, 07/15/26

    1,373,000        1,382,509   

4.200%, 07/15/46

    971,000        1,011,725   

5.000%, 05/01/42

    607,000        703,021   

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

    1,757,000        2,080,323   
   

 

 

 
      26,538,264   
   

 

 

 

Biotechnology—0.6%

  

Amgen, Inc.
2.125%, 05/01/20

    2,559,000        2,597,922   

4.400%, 05/01/45

    2,770,000        2,909,674   

4.663%, 06/15/51 (144A)

    1,808,000        1,932,385   

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

    915,000        950,276   

3.625%, 09/15/22

    1,563,000        1,674,122   

4.050%, 09/15/25

    1,315,000        1,431,705   

5.200%, 09/15/45

    295,000        346,995   

Celgene Corp.
2.250%, 05/15/19

    2,053,000        2,087,866   

3.250%, 08/15/22

    2,085,000        2,188,341   

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

    589,000        604,500   

2.500%, 09/01/23

    1,447,000        1,462,338   

3.650%, 03/01/26

    496,000        533,856   

4.500%, 02/01/45

    547,000        584,120   

4.600%, 09/01/35

    564,000        620,084   

4.750%, 03/01/46

    1,278,000        1,428,231   

4.800%, 04/01/44

    2,452,000        2,736,469   
   

 

 

 
      24,088,884   
   

 

 

 

 

MSF-25


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Building Materials—0.1%

  

Cemex Finance LLC
9.375%, 10/12/22 (144A)

    461,000      $ 505,371   

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

    50,000        59,082   

LafargeHolcim Finance U.S. LLC
4.750%, 09/22/46 (144A)

    3,141,000        3,245,438   

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

    690,000        738,300   

Titan Global Finance plc
3.500%, 06/17/21 (EUR)

    100,000        115,228   
   

 

 

 
      4,663,419   
   

 

 

 

Chemicals—0.3%

  

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

    1,155,000        1,135,436   

Air Liquide Finance S.A.
2.500%, 09/27/26 (144A)

    1,364,000        1,371,329   

3.500%, 09/27/46 (144A)

    512,000        518,063   

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

    1,090,000        1,098,198   

5.375%, 03/15/44

    1,793,000        1,770,274   

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

    726,000        739,065   

4.625%, 10/01/44 (h)

    982,000        1,040,467   

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

    1,236,000        1,267,042   

Ineos Finance plc
4.000%, 05/01/23 (EUR)

    100,000        112,492   

Monsanto Co.
3.600%, 07/15/42

    1,222,000        1,098,470   

PSPC Escrow Corp.
6.000%, 02/01/23 (EUR)

    100,000        105,071   

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

    565,000        555,333   
   

 

 

 
      10,811,240   
   

 

 

 

Coal—0.0%

  

CONSOL Energy, Inc.
5.875%, 04/15/22

    1,320,000        1,214,400   
   

 

 

 

Commercial Services—0.3%

  

Avis Budget Finance plc
4.125%, 11/15/24 (EUR)

    100,000        109,526   

Catholic Health Initiatives
4.350%, 11/01/42

    550,000        545,337   

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

    100,000        116,267   

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

    1,595,000        1,624,844   

Loxam SAS
3.500%, 05/03/23 (EUR)

    100,000        114,582   

Massachusetts Institute of Technology
3.885%, 07/01/2116

    1,106,000        1,101,256   

Moody’s Corp.
4.500%, 09/01/22

    1,667,000        1,856,133   

Commercial Services—(Continued)

  

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

    250,000      298,362   

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

    3,469,000        3,841,335   

University of Southern California
3.028%, 10/01/39

    2,135,000        2,114,967   

Wesleyan University
4.781%, 07/01/2116

    1,088,000        1,164,660   
   

 

 

 
      12,887,269   
   

 

 

 

Computers—1.0%

  

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

    3,725,000        3,806,440   

3.250%, 02/23/26

    5,025,000        5,341,113   

3.450%, 02/09/45

    1,028,000        982,223   

4.650%, 02/23/46

    8,677,000        10,012,616   

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

    2,705,000        2,756,078   

3.600%, 10/15/20 (144A)

    3,456,000        3,626,115   

HP, Inc.
3.750%, 12/01/20 (h)

    357,000        376,091   

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

    10,010,000        10,824,453   
   

 

 

 
      37,725,129   
   

 

 

 

Distribution/Wholesale—0.0%

  

Rexel S.A.
3.500%, 06/15/23 (EUR)

    100,000        114,863   
   

 

 

 

Diversified Financial Services—0.9%

  

Air Lease Corp.
3.000%, 09/15/23

    5,945,000        5,877,405   

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

    6,272,000        6,268,895   

2.250%, 08/15/19

    1,959,000        1,998,991   

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

    500,000        505,796   

GE Capital International Funding Co.
3.373%, 11/15/25

    3,881,000        4,199,308   

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

    1,085,000        1,126,485   

3.750%, 12/01/25

    694,000        751,394   

Jefferies Group LLC
6.500%, 01/20/43

    648,000        676,316   

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

    2,285,000        2,463,365   

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

    100,000        115,806   

Synchrony Financial
2.600%, 01/15/19

    1,706,000        1,726,095   

2.700%, 02/03/20

    1,079,000        1,092,523   

4.500%, 07/23/25

    1,243,000        1,313,543   

 

MSF-26


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Diversified Financial Services—(Continued)

  

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

    3,556,000      $ 3,727,869   

3.150%, 12/14/25

    1,603,000        1,693,299   

4.150%, 12/14/35

    411,000        465,214   
   

 

 

 
      34,002,304   
   

 

 

 

Electric—2.2%

  

AES Gener S.A.
5.000%, 07/14/25 (144A)

    756,000        783,928   

AES Panama SRL
6.000%, 06/25/22 (144A)

    213,000        223,118   

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

    477,000        494,660   

Baltimore Gas & Electric Co.
3.500%, 08/15/46 (h)

    946,000        945,825   

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

    1,104,000        1,130,838   

3.500%, 02/01/25

    1,060,000        1,137,370   

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

    560,000        664,129   

CMS Energy Corp.
3.875%, 03/01/24

    1,881,000        2,052,485   

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

    1,451,000        1,730,130   

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

    894,000        984,797   

Dominion Resources, Inc.
2.500%, 12/01/19

    2,587,000        2,649,468   

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

    1,109,000        1,210,528   

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

    791,000        806,754   

2.850%, 10/01/26

    9,200,000        9,163,568   

3.500%, 06/01/24

    2,352,000        2,505,405   

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

    1,109,000        1,156,812   

4.250%, 12/15/41

    1,189,000        1,320,898   

Duke Energy Corp.
2.650%, 09/01/26

    1,055,000        1,035,237   

3.050%, 08/15/22

    150,000        156,801   

3.750%, 04/15/24

    1,582,000        1,708,375   

3.750%, 09/01/46

    679,000        658,477   

4.800%, 12/15/45

    730,000        828,752   

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

    1,109,000        1,157,179   

Emera U.S. Finance L.P.
2.150%, 06/15/19 (144A)

    2,058,000        2,080,510   

2.700%, 06/15/21 (144A)

    3,096,000        3,168,313   

3.550%, 06/15/26 (144A)

    2,441,000        2,529,852   

Enel S.p.A.
5.000%, 01/15/75 (EUR) (b)

    100,000        119,477   

7.750%, 09/10/75 (GBP) (b)

    100,000        143,986   

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

    1,834,000        1,993,982   

Entergy Corp.
2.950%, 09/01/26

    3,626,000        3,631,903   

Electric—(Continued)

  

Exelon Corp.
2.450%, 04/15/21

    549,000      559,962   

2.850%, 06/15/20

    3,225,000        3,343,957   

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

    627,000        677,223   

Generacion Mediterranea S.A. / Generacion Frias S.A. / Central Termica Roca S.A.
9.625%, 07/27/23 (144A)

    422,000        439,935   

Northern States Power Co.
3.600%, 05/15/46

    3,193,000        3,341,896   

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

    839,000        941,048   

4.750%, 02/15/44

    545,000        650,401   

PacifiCorp
3.350%, 07/01/25

    3,477,000        3,743,363   

3.600%, 04/01/24

    4,004,000        4,361,369   

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

    1,634,000        1,665,767   

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

    409,000        447,980   

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

    1,503,000        1,531,613   

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

    1,922,000        2,211,893   

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

    1,080,000        1,082,318   

Southern Co. (The)
3.250%, 07/01/26

    7,732,000        8,008,380   

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

    3,395,000        3,619,657   

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

    1,744,000        1,888,206   

4.200%, 05/15/45

    1,419,000        1,582,956   

4.450%, 02/15/44

    437,000        500,137   
   

 

 

 
      88,771,618   
   

 

 

 

Electronics—0.0%

  

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

    306,000        352,394   
   

 

 

 

Entertainment—0.0%

  

Codere Finance 2 Luxembourg S.A.
9.000%, 06/30/21 (144A) (i)

    13,220        13,534   

9.000%, 06/30/21 (i)

    6,971        7,137   

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

    25,143        33,404   

International Game Technology plc
4.750%, 02/15/23 (EUR)

    100,000        120,788   

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

    140,000        163,152   

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

    150,000        201,810   
   

 

 

 
      539,825   
   

 

 

 

 

MSF-27


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Environmental Control—0.1%

  

Befesa Zinc SAU Via Zinc Capital S.A.
8.875%, 05/15/18 (EUR)

    100,000      $ 114,469   

Bilbao Luxembourg S.A.
11.063%, 12/01/18 (EUR) (i)

    107,110        120,051   

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

    1,798,000        1,881,864   

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

    1,162,000        1,219,094   

3.900%, 03/01/35

    442,000        471,280   
   

 

 

 
      3,806,758   
   

 

 

 

Food—0.1%

  

Arcor SAIC
6.000%, 07/06/23 (144A)

    86,000        91,590   

Casino Guichard Perrachon S.A.
3.248%, 03/07/24 (EUR)

    100,000        121,541   

3.311%, 01/25/23 (EUR)

    100,000        124,369   

Kraft Heinz Foods Co.
3.000%, 06/01/26 (h)

    1,860,000        1,874,839   

6.875%, 01/26/39

    678,000        941,092   

Marfrig Holdings Europe B.V.
8.000%, 06/08/23 (144A)

    313,000        320,668   

Minerva Luxembourg S.A.
6.500%, 09/20/26 (144A)

    352,000        345,840   

Sysco Corp.
4.500%, 04/01/46

    676,000        737,114   
   

 

 

 
      4,557,053   
   

 

 

 

Forest Products & Paper—0.1%

  

Fibria Overseas Finance, Ltd.
5.250%, 05/12/24

    410,000        426,400   

Georgia-Pacific LLC
7.375%, 12/01/25

    1,415,000        1,886,018   

International Paper Co.
3.650%, 06/15/24

    1,361,000        1,431,531   

4.800%, 06/15/44

    929,000        980,581   

Smurfit Kappa Acquisitions
2.750%, 02/01/25 (EUR)

    100,000        117,390   

Suzano Austria GmbH
5.750%, 07/14/26 (144A)

    272,000        274,067   

Suzano Trading, Ltd.
5.875%, 01/23/21 (144A)

    410,000        428,450   
   

 

 

 
      5,544,437   
   

 

 

 

Gas—0.1%

  

GNL Quintero S.A.
4.634%, 07/31/29

    200,000        210,000   

4.634%, 07/31/29 (144A)

    384,000        403,200   

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

    1,958,000        2,095,923   

Sempra Energy
2.875%, 10/01/22

    896,000        926,276   
   

 

 

 
      3,635,399   
   

 

 

 

Healthcare-Products—1.0%

  

Abbott Laboratories
2.550%, 03/15/22

    2,858,000      2,936,678   

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

    1,820,000        1,823,007   

1.800%, 12/15/17

    845,000        848,846   

2.675%, 12/15/19

    2,692,000        2,780,055   

3.125%, 11/08/21

    1,286,000        1,351,620   

4.685%, 12/15/44

    367,000        418,557   

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

    1,872,000        1,914,854   

2.850%, 05/15/20

    2,268,000        2,337,464   

3.850%, 05/15/25

    1,795,000        1,910,025   

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

    1,749,000        1,808,977   

3.125%, 03/15/22

    1,645,000        1,742,305   

3.625%, 03/15/24

    2,067,000        2,248,133   

4.625%, 03/15/44

    1,365,000        1,596,550   

4.625%, 03/15/45

    1,353,000        1,589,759   

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

    1,578,000        1,626,607   

3.875%, 09/15/25

    505,000        538,238   

Stryker Corp.
3.375%, 11/01/25

    703,000        737,347   

3.500%, 03/15/26

    1,175,000        1,244,730   

4.625%, 03/15/46

    1,016,000        1,139,580   

Thermo Fisher Scientific, Inc.
2.950%, 09/19/26

    3,249,000        3,224,379   

3.300%, 02/15/22

    1,695,000        1,776,247   

3.650%, 12/15/25

    550,000        581,000   

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

    889,000        916,245   

4.250%, 08/15/35

    1,145,000        1,161,948   
   

 

 

 
      38,253,151   
   

 

 

 

Healthcare-Services—1.1%

  

Aetna, Inc.
2.400%, 06/15/21

    3,807,000        3,851,081   

3.200%, 06/15/26

    4,303,000        4,374,968   

4.125%, 11/15/42

    786,000        810,900   

4.500%, 05/15/42

    881,000        963,762   

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

    5,068,000        5,092,387   

2.300%, 07/15/18

    7,006,000        7,097,709   

4.650%, 08/15/44

    1,036,000        1,130,049   

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

    775,000        850,251   

Cigna Corp.
3.250%, 04/15/25

    3,015,000        3,108,607   

Dignity Health
5.267%, 11/01/64

    657,000        783,046   

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

    1,583,000        1,612,911   

New York and Presbyterian Hospital (The)
3.563%, 08/01/36

    547,000        574,697   

 

MSF-28


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Services—(Continued)

  

Northwell Healthcare, Inc.
3.979%, 11/01/46

    1,364,000      $ 1,379,425   

Ochsner Clinic Foundation
5.897%, 05/15/45

    685,000        895,488   

Providence St. Joseph Health Obligated Group
3.744%, 10/01/47

    640,000        656,456   

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

    1,820,000        1,914,425   

3.000%, 11/10/25 (144A)

    1,108,000        1,169,289   

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

    650,000        791,168   

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

    100,000        118,850   

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

    944,000        980,854   

2.875%, 12/15/21

    2,021,000        2,129,706   

3.350%, 07/15/22

    932,000        1,000,792   

3.950%, 10/15/42

    1,597,000        1,696,784   

4.625%, 07/15/35

    377,000        437,799   
   

 

 

 
      43,421,404   
   

 

 

 

Household Products/Wares—0.1%

  

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

    2,805,000        2,859,128   

2.650%, 03/01/25

    833,000        865,647   

2.750%, 02/15/26

    1,010,000        1,049,250   
   

 

 

 
      4,774,025   
   

 

 

 

Housewares—0.2%

  

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

    906,000        930,149   

4.200%, 04/01/26 (h)

    6,212,000        6,765,539   
   

 

 

 
      7,695,688   
   

 

 

 

Insurance—1.0%

  

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

    1,263,000        1,358,224   

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

    1,270,000        1,346,215   

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

    2,288,000        2,414,332   

3.750%, 07/10/25

    1,511,000        1,584,806   

3.875%, 01/15/35

    673,000        659,920   

3.900%, 04/01/26 (h)

    10,373,000        10,974,043   

4.375%, 01/15/55

    1,207,000        1,140,702   

4.500%, 07/16/44

    1,615,000        1,645,108   

Aon plc
4.750%, 05/15/45

    2,004,000        2,172,392   

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

    3,702,000        3,891,024   

Lincoln National Corp.
3.350%, 03/09/25

    656,000        670,358   

Loews Corp.
2.625%, 05/15/23

    1,270,000        1,281,755   

Insurance—(Continued)

  

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

    359,000      388,040   

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

    4,203,000        4,297,631   

Prudential Financial, Inc.
4.600%, 05/15/44

    2,032,000        2,170,111   

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

    1,395,000        1,664,331   

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

    2,013,000        2,036,925   
   

 

 

 
      39,695,917   
   

 

 

 

Internet—0.1%

  

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

    2,713,000        2,814,944   

United Group B.V.
7.875%, 11/15/20 (EUR)

    100,000        116,828   
   

 

 

 
      2,931,772   
   

 

 

 

Iron/Steel—0.0%

  

Nucor Corp.
5.200%, 08/01/43

    901,000        1,027,308   
   

 

 

 

Leisure Time—0.0%

  

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

    100,000        116,688   
   

 

 

 

Machinery-Diversified—0.1%

  

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

    2,650,000        2,843,116   

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

    1,074,000        1,111,030   
   

 

 

 
      3,954,146   
   

 

 

 

Media—2.0%

  

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

    1,130,000        1,220,538   

3.700%, 10/15/25

    517,000        559,966   

4.750%, 09/15/44

    791,000        866,246   

4.950%, 10/15/45

    223,000        252,803   

Altice Luxembourg S.A.
7.250%, 05/15/22 (EUR)

    100,000        118,401   

CBS Corp.
2.300%, 08/15/19

    2,077,000        2,105,440   

Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
3.579%, 07/23/20 (144A)

    2,563,000        2,678,842   

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

    1,885,000        2,034,032   

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

    5,283,000        5,827,440   

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

    1,407,000        1,657,136   

6.484%, 10/23/45 (144A)

    2,418,000        2,924,141   

Comcast Corp.
2.750%, 03/01/23

    4,088,000        4,235,949   

3.150%, 03/01/26

    6,704,000        7,079,880   

 

MSF-29


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—(Continued)

  

Comcast Corp.

   

3.375%, 08/15/25

    1,578,000      $ 1,695,776   

3.400%, 07/15/46

    1,775,000        1,725,481   

4.250%, 01/15/33

    665,000        738,599   

4.400%, 08/15/35

    2,001,000        2,266,425   

4.600%, 08/15/45

    1,017,000        1,174,588   

COX Communications, Inc.
3.350%, 09/15/26 (144A)

    1,314,000        1,324,582   

Discovery Communications LLC
3.450%, 03/15/25

    1,396,000        1,379,975   

4.875%, 04/01/43

    3,493,000        3,324,197   

4.900%, 03/11/26

    3,044,000        3,307,248   

NBCUniversal Enterprise, Inc.
5.250%, 03/19/21 (144A)

    4,585,000        4,894,487   

NBCUniversal Media LLC
4.450%, 01/15/43

    1,514,000        1,702,513   

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

    1,501,000        1,541,063   

SFR Group S.A.
5.375%, 05/15/22 (EUR)

    100,000        115,986   

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

    100,000        123,849   

Time Warner Cable LLC
4.000%, 09/01/21

    503,000        533,843   

4.125%, 02/15/21

    3,589,000        3,809,544   

4.500%, 09/15/42

    161,000        153,636   

5.000%, 02/01/20

    1,723,000        1,867,727   

5.500%, 09/01/41

    588,000        627,635   

Time Warner, Inc.
2.100%, 06/01/19

    3,352,000        3,402,287   

3.600%, 07/15/25

    820,000        872,237   

4.650%, 06/01/44

    1,341,000        1,452,078   

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

    105,000        121,195   

5.625%, 04/15/23 (EUR)

    80,000        95,125   

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

    100,000        111,212   

Viacom, Inc.
2.250%, 02/04/22

    2,428,000        2,420,716   

2.750%, 12/15/19

    1,650,000        1,676,012   

3.450%, 10/04/26

    873,000        872,747   

4.500%, 03/01/21

    1,779,000        1,935,120   

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

    306,000        410,999   
   

 

 

 
      77,237,696   
   

 

 

 

Mining—0.3%

  

Anglo American Capital plc
1.500%, 04/01/20 (EUR)

    100,000        110,067   

3.500%, 03/28/22 (EUR)

    100,000        114,940   

Barrick Gold Corp.
4.100%, 05/01/23

    1,890,000        2,038,212   

5.250%, 04/01/42

    2,420,000        2,653,796   

BHP Billiton Finance USA, Ltd.
5.000%, 09/30/43

    2,230,000        2,635,664   

Mining—(Continued)

  

Glencore Finance Europe S.A.
3.375%, 09/30/20 (EUR)

    100,000      121,530   

Newmont Mining Corp.
4.875%, 03/15/42

    660,000        695,435   

Rio Tinto Finance USA plc
4.125%, 08/21/42

    1,510,000        1,552,361   
   

 

 

 
      9,922,005   
   

 

 

 

Miscellaneous Manufacturing—0.5%

  

Eaton Corp.
2.750%, 11/02/22

    9,578,000        9,901,162   

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

    100,000        104,471   

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

    1,404,000        1,491,566   

3.150%, 09/07/22

    908,000        965,290   

4.500%, 03/11/44

    2,960,000        3,407,641   

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

    1,538,000        1,567,304   

4.650%, 11/01/44

    306,000        333,871   
   

 

 

 
      17,771,305   
   

 

 

 

Oil & Gas—1.8%

  

Anadarko Petroleum Corp.
4.500%, 07/15/44

    1,209,000        1,109,255   

7.950%, 06/15/39

    614,000        759,598   

Apache Corp.
4.250%, 01/15/44

    1,410,000        1,369,701   

4.750%, 04/15/43

    1,974,000        2,016,956   

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

    3,701,000        3,760,094   

Chevron Corp.
1.961%, 03/03/20

    3,336,000        3,382,370   

2.193%, 11/15/19

    855,000        872,281   

ConocoPhillips Co.
4.950%, 03/15/26 (h)

    4,340,000        4,891,905   

Continental Resources, Inc.
3.800%, 06/01/24

    1,310,000        1,198,650   

4.900%, 06/01/44

    1,500,000        1,260,000   

Devon Energy Corp.
5.000%, 06/15/45 (h)

    1,490,000        1,449,524   

5.850%, 12/15/25 (h)

    1,311,000        1,475,372   

EOG Resources, Inc.
3.900%, 04/01/35

    680,000        678,022   

4.150%, 01/15/26

    1,047,000        1,143,546   

Exxon Mobil Corp.
1.819%, 03/15/19

    3,300,000        3,341,715   

4.114%, 03/01/46

    1,386,000        1,549,261   

Gazprom OAO Via Gaz Capital S.A.
4.950%, 07/19/22 (144A)

    341,000        356,174   

Hess Corp.
5.600%, 02/15/41

    1,600,000        1,594,818   

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

    1,016,000        909,647   

 

MSF-30


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

Noble Energy, Inc.
5.050%, 11/15/44

    2,430,000      $ 2,399,115   

Occidental Petroleum Corp.
3.400%, 04/15/26 (h)

    1,700,000        1,793,514   

Petro-Canada
6.800%, 05/15/38

    1,110,000        1,457,507   

Petrobras Argentina S.A.
7.375%, 07/21/23 (144A)

    538,000        555,485   

Petrobras Global Finance B.V.
2.820%, 01/15/19 (b) (h)

    781,000        765,380   

3.000%, 01/15/19 (h)

    1,065,000        1,043,700   

5.375%, 01/27/21

    3,417,000        3,379,413   

5.750%, 01/20/20

    1,691,000        1,742,575   

6.250%, 12/14/26 (GBP)

    444,000        534,199   

6.850%, 06/05/15

    708,000        598,968   

8.375%, 05/23/21

    2,442,000        2,667,885   

Petroleos de Venezuela S.A.
6.000%, 05/16/24

    3,370,000        1,440,338   

6.000%, 11/15/26

    771,000        323,743   

Petroleos Mexicanos
4.625%, 09/21/23 (144A)

    871,000        872,219   

Phillips 66
4.875%, 11/15/44

    1,027,000        1,140,883   

Pioneer Natural Resources Co.
4.450%, 01/15/26

    660,000        715,779   

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

    3,564,000        3,617,781   

3.625%, 08/21/42 (h)

    1,100,000        1,063,549   

4.125%, 05/11/35

    2,748,000        2,947,502   

Statoil ASA
2.900%, 11/08/20

    3,233,000        3,387,250   

Transocean, Inc.
6.800%, 03/15/38

    582,000        381,210   

Valero Energy Corp.
3.650%, 03/15/25 (h)

    2,548,000        2,603,021   

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

    353,000        355,941   

YPF S.A.
8.500%, 03/23/21

    496,000        553,536   

8.500%, 07/28/25

    69,000        75,707   

8.500%, 07/28/25 (144A)

    756,000        829,483   

8.750%, 04/04/24 (144A)

    1,408,000        1,567,949   
   

 

 

 
      71,932,521   
   

 

 

 

Oil & Gas Services—0.1%

  

Halliburton Co.
3.800%, 11/15/25 (h)

    2,410,000        2,491,605   

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

    2,972,000        3,099,005   
   

 

 

 
      5,590,610   
   

 

 

 

Packaging & Containers—0.0%

  

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

    100,000        114,602   

6.750%, 05/15/24 (EUR)

    100,000        117,531   

Packaging & Containers—(Continued)

  

Verallia Packaging SASU
5.125%, 08/01/22 (EUR)

    100,000      117,811   
   

 

 

 
      349,944   
   

 

 

 

Pharmaceuticals—1.9%

  

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

    3,448,000        3,515,146   

2.900%, 11/06/22

    1,946,000        1,995,415   

4.400%, 11/06/42

    200,000        208,109   

4.500%, 05/14/35

    674,000        718,293   

Actavis Funding SCS
2.350%, 03/12/18

    3,614,000        3,651,264   

3.000%, 03/12/20

    5,509,000        5,688,125   

3.800%, 03/15/25

    10,740,000        11,366,722   

AmerisourceBergen Corp.
1.150%, 05/15/17

    2,313,000        2,311,517   

3.250%, 03/01/25

    602,000        636,300   

4.250%, 03/01/45

    602,000        651,989   

AstraZeneca plc
3.375%, 11/16/25

    1,854,000        1,980,016   

4.375%, 11/16/45

    768,000        850,598   

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

    729,000        873,245   

Eli Lilly & Co.
3.700%, 03/01/45

    979,000        1,052,543   

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

    1,840,000        1,840,521   

3.900%, 02/15/22

    1,286,000        1,387,596   

GlaxoSmithKline Capital plc
2.850%, 05/08/22

    1,818,000        1,913,089   

Johnson & Johnson
2.450%, 03/01/26

    4,578,000        4,704,788   

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

    1,298,000        1,286,858   

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

    1,090,000        1,153,015   

4.000%, 11/20/45

    348,000        385,349   

4.400%, 04/24/20 (h)

    2,563,000        2,824,221   

Pfizer, Inc.
2.750%, 06/03/26

    5,824,000        6,019,506   

4.300%, 06/15/43

    851,000        964,236   

4.400%, 05/15/44

    969,000        1,119,425   

Shire Acquisitions Investments Ireland DAC
2.875%, 09/23/23

    6,199,000        6,229,022   

3.200%, 09/23/26

    4,694,000        4,719,249   

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

    841,000        893,220   

Teva Pharmaceutical Finance Netherlands B.V.
2.800%, 07/21/23

    2,844,000        2,851,298   

3.150%, 10/01/26

    1,460,000        1,466,754   

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

    1,218,000        1,255,171   
   

 

 

 
      76,512,600   
   

 

 

 

 

MSF-31


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pipelines—0.8%

  

Energy Transfer Partners L.P.
4.750%, 01/15/26

    2,430,000      $ 2,510,557   

5.150%, 03/15/45

    1,696,000        1,570,974   

Enterprise Products Operating LLC
3.700%, 02/15/26

    2,732,000        2,812,348   

3.900%, 02/15/24

    1,366,000        1,428,750   

4.450%, 02/15/43

    1,896,000        1,856,819   

4.900%, 05/15/46

    799,000        839,761   

5.100%, 02/15/45

    501,000        538,807   

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

    1,667,000        1,721,256   

3.950%, 09/01/22

    1,124,000        1,174,204   

4.700%, 11/01/42

    1,879,000        1,733,319   

5.625%, 09/01/41

    463,000        459,262   

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

    703,000        718,368   

5.050%, 02/15/46

    1,490,000        1,418,844   

5.550%, 06/01/45

    1,929,000        1,978,944   

Plains All American Pipeline L.P. / PAA Finance Corp.
4.650%, 10/15/25 (h)

    1,520,000        1,574,512   

Sunoco Logistics Partners Operations L.P.
3.900%, 07/15/26

    424,000        432,358   

5.350%, 05/15/45

    670,000        684,520   

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

    1,111,000        1,115,456   

2.500%, 08/01/22

    1,407,000        1,411,172   

4.625%, 03/01/34

    1,529,000        1,685,920   

Williams Partners L.P.
4.000%, 09/15/25

    3,350,000        3,349,390   
   

 

 

 
      31,015,541   
   

 

 

 

Real Estate—0.0%

  

ProLogis L.P.
3.750%, 11/01/25

    412,000        443,254   
   

 

 

 

Real Estate Investment Trusts—0.7%

  

American Tower Corp.
2.250%, 01/15/22

    11,339,000        11,315,857   

3.300%, 02/15/21

    1,342,000        1,402,905   

3.375%, 10/15/26

    2,287,000        2,318,142   

3.450%, 09/15/21

    1,554,000        1,635,518   

3.500%, 01/31/23

    397,000        414,098   

4.400%, 02/15/26

    264,000        289,153   

5.000%, 02/15/24

    391,000        442,879   

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

    250,000        261,253   

Crown Castle International Corp.
2.250%, 09/01/21

    2,481,000        2,478,991   

3.400%, 02/15/21

    668,000        699,091   

3.700%, 06/15/26

    513,000        535,264   

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

    1,153,000        1,203,496   

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

    1,039,000        1,044,466   

Real Estate Investment Trusts—(Continued)

  

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

    803,000      824,311   

3.375%, 10/01/24

    1,717,000        1,823,434   

4.250%, 10/01/44

    825,000        899,031   
   

 

 

 
      27,587,889   
   

 

 

 

Retail—0.6%

  

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

    1,757,000        1,935,241   

5.300%, 12/05/43

    843,000        1,045,285   

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

    418,000        453,043   

4.400%, 03/15/45

    493,000        574,057   

5.400%, 09/15/40

    677,000        882,473   

Lowe’s Cos., Inc.
3.375%, 09/15/25

    459,000        494,815   

4.250%, 09/15/44

    524,000        582,083   

4.375%, 09/15/45

    344,000        390,002   

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

    1,439,000        1,351,294   

McDonald’s Corp.
2.750%, 12/09/20

    607,000        629,859   

3.700%, 01/30/26

    583,000        627,219   

4.600%, 05/26/45

    135,000        151,485   

4.700%, 12/09/35

    433,000        490,396   

4.875%, 12/09/45

    510,000        591,891   

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

    95,085        111,841   

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

    1,103,000        1,130,938   

5.125%, 07/02/22 (h)

    1,817,000        1,925,931   

Target Corp.
3.500%, 07/01/24

    783,000        856,098   

4.000%, 07/01/42

    767,000        835,402   

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

    140,186        189,504   

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

    1,376,000        1,428,703   

4.000%, 04/11/43

    708,000        789,598   

Walgreens Boots Alliance, Inc.
4.650%, 06/01/46

    114,000        123,592   

4.800%, 11/18/44

    4,484,000        4,942,942   
   

 

 

 
      22,533,692   
   

 

 

 

Savings & Loans—0.0%

  

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

    3,780,000        817,425   

Zero Coupon, 11/06/09 (j)

    2,190,000        473,587   

Zero Coupon, 06/16/10 (j)

    1,310,000        283,287   

Zero Coupon, 02/04/11 (j)

    1,247,000        269,664   

5.550%, 06/16/10 (j)

    250,000        54,063   
   

 

 

 
      1,898,026   
   

 

 

 

 

MSF-32


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Semiconductors—0.3%

  

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

    347,000      $ 371,192   

5.300%, 12/15/45

    353,000        391,877   

Lam Research Corp.
2.800%, 06/15/21 (h)

    1,643,000        1,686,405   

3.900%, 06/15/26

    886,000        922,540   

NVIDIA Corp.
2.200%, 09/16/21

    5,616,000        5,633,101   

3.200%, 09/16/26

    1,823,000        1,837,354   

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

    2,352,000        2,567,695   
   

 

 

 
      13,410,164   
   

 

 

 

Software—0.7%

  

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

    259,000        274,714   

Microsoft Corp.
3.500%, 02/12/35

    2,044,000        2,092,584   

3.700%, 08/08/46

    4,107,000        4,157,044   

3.750%, 02/12/45

    1,050,000        1,065,682   

4.450%, 11/03/45

    1,404,000        1,596,215   

Oracle Corp.
2.650%, 07/15/26

    6,108,000        6,109,112   

2.800%, 07/08/21

    3,872,000        4,044,633   

3.250%, 05/15/30 (h)

    2,792,000        2,917,693   

4.000%, 07/15/46

    2,854,000        2,949,075   

4.375%, 05/15/55

    939,000        997,470   

Veritas U.S., Inc. / Veritas Bermuda, Ltd.
7.500%, 02/01/23 (EUR)

    100,000        107,729   
   

 

 

 
      26,311,951   
   

 

 

 

Telecommunications—1.5%

  

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

    2,035,000        2,069,159   

2.375%, 11/27/18

    1,683,000        1,714,687   

2.450%, 06/30/20

    3,043,000        3,099,219   

3.000%, 06/30/22

    3,744,000        3,849,236   

3.400%, 05/15/25

    2,803,000        2,879,825   

3.875%, 08/15/21

    2,472,000        2,668,376   

4.300%, 12/15/42

    2,302,000        2,270,566   

4.600%, 02/15/21

    3,066,000        3,363,540   

4.750%, 05/15/46

    267,000        279,403   

6.375%, 03/01/41

    1,032,000        1,293,102   

Cellnex Telecom S.A.
2.375%, 01/16/24 (EUR)

    100,000        115,131   

eircom Finance DAC
4.500%, 05/31/22 (EUR)

    100,000        113,994   

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

    1,478,000        1,532,550   

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

    150,000        177,981   

5.500%, 02/06/44

    1,256,000        1,562,634   

OTE plc
3.500%, 07/09/20 (EUR)

    100,000        113,413   

Telecommunications—(Continued)

  

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

    447,000      484,885   

5.000%, 03/15/44

    394,000        457,492   

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

    200,000        238,465   

Telefonica Europe B.V.
5.000%, 03/31/20 (EUR) (b)

    100,000        116,907   

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

    3,817,000        3,925,441   

2.625%, 08/15/26 (h)

    3,604,000        3,537,218   

3.450%, 03/15/21

    3,553,000        3,785,682   

3.850%, 11/01/42

    3,742,000        3,561,699   

4.125%, 08/15/46

    1,009,000        1,009,278   

4.400%, 11/01/34

    3,524,000        3,728,878   

4.862%, 08/21/46

    5,153,000        5,771,685   

5.050%, 03/15/34

    1,201,000        1,349,892   

Vodafone Group plc
2.500%, 09/26/22

    1,329,000        1,336,687   

4.375%, 02/19/43

    2,600,000        2,604,503   

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

    100,000        113,599   
   

 

 

 
      59,125,127   
   

 

 

 

Transportation—0.6%

  

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

    444,000        467,134   

3.450%, 09/15/21

    610,000        657,658   

4.150%, 04/01/45

    758,000        834,821   

4.700%, 09/01/45

    665,000        781,848   

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

    2,373,000        2,465,117   

CSX Corp.
3.350%, 11/01/25

    782,000        838,588   

4.100%, 03/15/44

    623,000        662,559   

FedEx Corp.
3.900%, 02/01/35

    219,000        225,351   

4.100%, 02/01/45

    1,295,000        1,342,890   

4.550%, 04/01/46

    1,393,000        1,547,319   

4.750%, 11/15/45

    1,053,000        1,202,815   

4.900%, 01/15/34

    768,000        881,136   

Norfolk Southern Corp.
2.900%, 06/15/26

    3,078,000        3,156,825   

4.450%, 06/15/45

    1,195,000        1,335,540   

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

    100,000        108,403   

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

    1,629,000        1,662,044   

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

    100,000        117,250   

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

    668,000        681,414   

3.875%, 02/01/55

    1,997,000        1,994,887   

4.050%, 11/15/45

    196,000        214,654   

4.375%, 11/15/65

    875,000        956,352   

 

MSF-33


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Transportation—(Continued)

  

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

    1,716,206      $ 1,784,854   
   

 

 

 
      23,919,459   
   

 

 

 

Trucking & Leasing—0.2%

  

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

    3,355,000        3,396,937   

GATX Corp.
2.600%, 03/30/20 (h)

    1,747,000        1,770,158   

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

    2,673,000        2,779,712   
   

 

 

 
      7,946,807   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $1,183,930,287)

      1,220,008,963   
   

 

 

 
Asset-Backed Securities—11.4%   

Asset-Backed - Credit Card—0.1%

  

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

    1,021,043        1,022,677   

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

    1,600,000        1,639,898   
   

 

 

 
      2,662,575   
   

 

 

 

Asset-Backed - Home Equity—0.5%

  

Bayview Financial Revolving Asset Trust
1.524%, 12/28/40 (144A) (b)

    775,056        610,818   

1.524%, 05/28/39 (144A) (b)

    8,965,500        6,602,519   

Bayview Opportunity Master Fund Trust
0.875%, 04/25/37 (b)

    2,736,961        1,696,075   

Bear Stearns Asset-Backed Securities Trust
0.665%, 11/25/36 (b)

    2,445,978        2,107,167   

0.665%, 12/25/36 (b)

    2,493,979        2,125,245   

1.324%, 01/25/36 (b)

    333,126        316,829   

Citigroup Mortgage Loan Trust, Inc.
0.775%, 08/25/36 (b)

    1,810,000        1,399,877   

Countrywide Asset-Backed Certificates
0.845%, 10/25/36 (b)

    2,376,743        2,043,164   

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

    754,121        751,208   

6.155%, 06/25/35

    472,207        441,834   

Home Equity Mortgage Loan Asset-Backed Trust
2.549%, 07/25/34 (b)

    355,270        335,222   

Home Equity Mortgage Trust
5.867%, 07/25/36

    923,990        408,452   

Home Loan Mortgage Loan Trust
0.884%, 04/15/36 (b)

    1,238,368        1,122,022   

JPMorgan Mortgage Acquisition Trust
6.000%, 07/25/36

    369,816        207,177   

6.410%, 07/25/36

    501,478        280,770   

Asset-Backed - Home Equity—(Continued)

  

MASTR Asset-Backed Securities Trust
0.785%, 06/25/36 (144A) (b)

    665,000      444,902   

0.805%, 05/25/37 (b)

    621,846        378,567   

Nationstar Home Equity Loan Trust
0.705%, 06/25/37 (b)

    180,000        168,842   
   

 

 

 
      21,440,690   
   

 

 

 

Asset-Backed - Manufactured Housing—0.3%

  

Bank of America Manufactured Housing Contract Trust
7.930%, 12/10/25 (b)

    4,000,000        3,766,215   

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

    1,274,734        617,561   

7.830%, 06/15/30 (b)

    1,182,969        592,252   

8.290%, 06/15/30 (b)

    2,025,977        1,073,460   

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

    760,319        800,900   

7.500%, 03/01/30 (b)

    545,757        453,872   

7.860%, 03/01/30 (b)

    746,404        639,558   

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

    440,000        478,046   

9.230%, 12/15/29 (b)

    635,769        569,410   

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

    2,430,000        2,582,008   

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

    332,368        304,371   

Origen Manufactured Housing Contract Trust
7.820%, 03/15/32 (b)

    357,610        354,444   
   

 

 

 
      12,232,097   
   

 

 

 

Asset-Backed - Other—9.2%

  

ACAS CLO, Ltd.
2.881%, 10/25/25 (144A) (b)

    500,000        500,055   

3.177%, 09/20/23 (144A) (b)

    2,290,000        2,289,835   

Adirondack Park CLO, Ltd.
2.680%, 04/15/24 (144A) (b)

    500,000        500,255   

Ajax Mortgage Loan Trust
4.000%, 09/25/65 (144A)

    1,403,939        1,400,903   

ALM, Ltd.
2.173%, 07/28/26 (144A) (b)

    2,690,000        2,689,995   

2.565%, 04/24/24 (144A) (b)

    2,648,000        2,644,393   

2.829%, 10/18/27 (144A) (b)

    900,000        902,315   

3.693%, 07/28/26 (144A) (b)

    514,000        514,176   

3.929%, 04/16/27 (144A) (b)

    625,000        627,821   

American Homes 4 Rent
1.531%, 06/17/31 (144A) (b)

    478,898        477,396   

American Money Management Corp.
4.280%, 01/15/22 (144A) (b)

    1,060,000        1,066,531   

AMMC CLO, Ltd.
2.235%, 05/26/28 (144A) (b)

    2,180,000        2,184,567   

2.707%, 05/10/25 (144A) (b)

    738,000        733,864   

3.117%, 11/15/27 (144A) (b)

    620,000        621,912   

 

MSF-34


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

Anchorage Capital CLO, Ltd.
1.859%, 07/13/25 (144A) (b)

    835,000      $ 832,412   

2.419%, 07/13/25 (144A) (b)

    550,000        546,650   

3.369%, 07/13/25 (144A) (b)

    590,000        590,549   

Apidos CLO
1.780%, 04/15/25 (144A) (b)

    3,204,000        3,179,855   

2.069%, 01/17/23 (144A) (b)

    1,890,000        1,890,847   

2.138%, 01/19/25 (144A) (b)

    600,000        600,016   

2.530%, 07/15/23 (144A) (b)

    2,065,000        2,047,028   

3.779%, 01/17/23 (144A) (b)

    1,440,000        1,440,269   

Arbor Realty Commercial Real Estate Notes, Ltd.
2.200%, 09/15/26 (144A) (b)

    1,590,000        1,589,990   

Ares CLO, Ltd.
2.298%, 01/17/24 (144A) (b)

    2,990,000        2,990,012   

3.048%, 01/17/24 (144A) (b)

    870,000        868,136   

Atlas Senior Loan Fund, Ltd.
2.317%, 02/17/26 (144A) (b)

    2,920,000        2,920,374   

3.259%, 08/15/24 (144A) (b)

    410,000        402,707   

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

    625,787        626,057   

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

    1,282,621        1,316,533   

Babson CLO, Ltd.
2.680%, 04/15/22 (144A) (b)

    500,000        500,428   

3.180%, 04/15/22 (144A) (b)

    500,000        500,139   

Battalion CLO, Ltd.
2.102%, 10/22/25 (144A) (b)

    5,205,000        5,205,000   

Bayview Opportunity Master Fund Trust
3.475%, 07/28/31 (144A)

    2,780,388        2,778,356   

3.598%, 09/28/31 (144A)

    6,710,000        6,710,000   

3.623%, 04/28/30 (144A)

    505,004        502,610   

Benefit Street Partners CLO, Ltd.
1.880%, 07/15/24 (144A) (b)

    2,240,000        2,229,344   

2.930%, 10/15/25 (144A) (b)

    3,000,000        2,987,892   

2.946%, 01/20/28 (144A) (b)

    2,010,000        2,019,047   

BlueMountain CLO, Ltd.
1.282%, 07/15/18 (144A) (b)

    500,000        493,741   

2.180%, 04/15/25 (144A) (b)

    3,130,000        3,130,707   

2.871%, 11/20/24 (144A) (b)

    250,000        250,091   

3.246%, 07/20/23 (144A) (b)

    250,000        250,081   

C-BASS Trust
0.635%, 11/25/36 (b)

    568,552        353,854   

0.685%, 10/25/36 (b)

    329,449        221,206   

0.694%, 04/25/37 (b)

    504,668        370,113   

0.755%, 11/25/36 (b)

    95,989        60,930   

3.885%, 01/25/37

    2,759,237        1,392,113   

Canyon Capital CLO, Ltd.
1.100%, 12/15/20 (144A) (b)

    517,974        510,491   

2.630%, 01/15/24 (144A) (b)

    500,000        500,212   

Carlyle Global Market Strategies CLO, Ltd.

   

2.086%, 01/20/25 (144A) (b)

    7,485,000        7,474,978   

2.796%, 07/20/23 (144A) (b)

    1,230,000        1,230,042   

3.330%, 07/15/25 (144A) (b)

    270,000        270,114   

Carrington Mortgage Loan Trust
0.645%, 10/25/36 (b)

    614,975        370,903   

0.675%, 06/25/37 (b)

    676,280        623,888   

0.685%, 10/25/36 (b)

    500,000        364,047   

Asset-Backed - Other—(Continued)

  

Carrington Mortgage Loan Trust

   

0.745%, 12/25/36 (b)

    730,000      424,025   

0.765%, 08/25/36 (b)

    4,800,000        2,901,832   

Cedar Funding V CLO, Ltd.
2.243%, 07/17/28 (144A) (b)

    770,000        770,855   

Chase Funding Trust
6.333%, 04/25/32

    590,282        599,011   

CIFC Funding, Ltd.
2.222%, 01/22/27 (144A) (b)

    610,000        609,996   

2.259%, 01/17/27 (144A) (b)

    7,295,000        7,295,190   

2.305%, 05/24/26 (144A) (b)

    4,284,000        4,284,326   

2.679%, 11/27/24 (144A) (b)

    1,270,000        1,269,985   

3.379%, 08/14/24 (144A) (b)

    200,000        200,055   

3.502%, 07/22/26 (144A) (b)

    470,000        470,066   

Colony American Homes
1.731%, 07/17/32 (144A) (b)

    1,693,748        1,696,923   

Countrywide Asset-Backed Certificates
0.685%, 01/25/46 (b)

    3,021,852        2,856,208   

0.745%, 12/25/25 (b)

    133,546        133,587   

Countrywide Asset-Backed Certificates Trust
0.684%, 09/25/46 (b)

    187,374        172,831   

Countrywide Revolving Home Equity Loan Resecuritization Trust
0.824%, 12/15/33 (144A) (b)

    935,342        778,217   

Countrywide Revolving Home Equity Loan Trust
0.704%, 05/15/35 (b)

    810,417        693,429   

Credit-Based Asset Servicing & Securitization LLC
3.488%, 12/25/36

    287,612        214,593   

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

    6,934,385        7,104,638   

Dryden Senior Loan Fund
1.917%, 08/15/25 (144A) (b)

    1,035,000        1,026,037   

2.060%, 01/15/25 (144A) (b)

    660,000        660,016   

Finn Square CLO, Ltd.
2.052%, 12/24/23 (144A) (b)

    434,000        432,264   

2.542%, 12/24/23 (144A) (b) (d)

    370,000        370,000   

First Franklin Mortgage Loan Trust
0.685%, 04/25/36 (b)

    649,200        567,280   

0.735%, 12/25/36 (b)

    11,883,238        7,276,157   

Flatiron CLO, Ltd.
1.000%, 10/25/21 (144A) (b)

    790,000        790,000   

Fraser Sullivan CLO, Ltd.
3.196%, 04/20/23 (144A) (b)

    1,150,000        1,146,110   

GE-WMC Asset-Backed Pass-Through Certificates
0.775%, 12/25/35 (b)

    321,977        306,118   

GoldenTree Loan Opportunities, Ltd.
1.521%, 08/18/22 (144A) (b)

    700,000        688,553   

3.929%, 04/17/22 (144A) (b)

    830,000        830,216   

Gramercy Park CLO, Ltd.
3.629%, 07/17/23 (144A) (b)

    250,000        250,041   

GT Loan Financing, Ltd.
2.013%, 10/28/24 (144A) (b)

    5,670,000        5,661,285   

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

    1,720,000        1,721,250   

 

MSF-35


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

Invitation Homes Trust
1.631%, 09/17/31 (144A) (b)

    2,804,051      $ 2,799,504   

1.831%, 08/17/32 (144A) (b)

    2,086,350        2,096,708   

2.731%, 09/17/31 (144A) (b)

    670,000        672,895   

3.508%, 12/17/31 (144A) (b)

    470,000        474,352   

KKR Financial CLO, Ltd.
1.830%, 07/15/25 (144A) (b)

    4,895,000        4,890,384   

Knollwood CDO, Ltd.
3.861%, 01/10/39 (144A) (b)(k)

    809,910        8   

LCM L.P.
1.873%, 07/14/22 (144A) (b)

    125,614        125,609   

2.838%, 04/19/22 (144A) (b)

    940,000        940,103   

2.996%, 04/20/27 (144A) (b)

    990,000        992,136   

3.846%, 04/20/27 (144A) (b)

    250,000        250,888   

3.925%, 08/25/24 (144A) (b)

    430,000        430,324   

Lehman ABS Mortgage Loan Trust
0.615%, 06/25/37 (144A) (b)

    248,647        152,376   

Lime Street CLO, Ltd.
1.407%, 06/20/21 (144A) (b)

    500,000        480,169   

Long Beach Mortgage Loan Trust
0.685%, 11/25/36 (b)

    3,174,429        1,514,651   

0.715%, 03/25/46 (b)

    5,946,219        2,844,471   

0.745%, 02/25/36 (b)

    2,898,170        2,540,331   

0.745%, 11/25/36 (b)

    934,085        450,934   

0.815%, 03/25/46 (b)

    877,768        433,863   

Madison Park Funding, Ltd.
2.096%, 01/20/25 (144A) (b)

    690,000        689,980   

2.165%, 10/23/25 (144A) (b)

    616,000        606,472   

3.046%, 01/20/25 (144A) (b)

    1,660,000        1,660,382   

Merrill Lynch First Franklin Mortgage Loan Trust
0.765%, 05/25/37 (b)

    12,319,335        7,357,107   

Morgan Stanley IXIS Real Estate Capital Trust
0.635%, 11/25/36 (b)

    551,789        257,677   

Mountain Hawk CLO, Ltd.
2.876%, 01/20/24 (144A) (b)

    1,250,000        1,250,032   

Muir Woods CLO, Ltd.
4.606%, 09/14/23 (144A) (b)

    520,000        520,500   

Neuberger Berman CLO, Ltd.
2.835%, 04/15/26 (144A) (b)

    775,000        775,818   

3.015%, 01/23/24 (144A) (b)

    3,945,000        3,945,588   

Northwoods Capital, Ltd.
2.099%, 01/18/24 (144A) (b)

    5,070,000        5,064,935   

Oaktree EIF, Ltd.
3.117%, 11/15/25 (144A) (b)

    1,195,000        1,192,165   

OCP CLO, Ltd.
2.209%, 04/17/27 (144A) (b)

    280,000        280,059   

2.426%, 10/18/28 (144A) (b)

    540,000        539,460   

Octagon Investment Partners, Ltd.
1.799%, 07/17/25 (144A) (b)

    5,600,000        5,553,962   

2.306%, 10/25/25 (144A) (b)

    2,920,000        2,920,000   

OHA Credit Partners, Ltd.
1.816%, 04/20/25 (144A) (b)

    590,000        585,710   

OHA Loan Funding, Ltd.
2.087%, 08/23/24 (144A) (b)

    5,670,000        5,661,847   

Asset-Backed - Other—(Continued)

  

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

    2,137,626      2,139,444   

3.240%, 06/18/24 (144A)

    910,000        916,431   

4.320%, 07/18/25 (144A)

    3,100,000        3,088,131   

5.310%, 09/18/24 (144A)

    500,000        501,453   

OZLM Funding, Ltd.
1.852%, 07/22/25 (144A) (b)

    9,625,000        9,589,744   

2.032%, 01/22/25 (144A) (b)

    500,000        500,008   

2.237%, 10/30/23 (144A) (b)

    5,275,000        5,275,765   

3.407%, 10/30/23 (144A) (b)

    290,000        290,181   

OZLM, Ltd.

   

2.729%, 07/17/26 (144A) (b)

    1,000,000        1,005,655   

3.579%, 04/17/26 (144A) (b)

    960,000        960,132   

Palmer Square CLO, Ltd.
3.729%, 10/17/25 (144A) (b)

    360,000        360,036   

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

    1,913,048        1,902,675   

Preston Ridge Mortgage LLC
4.000%, 09/27/21 (144A)

    1,230,000        1,230,000   

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

    2,024,464        2,041,408   

4.375%, 05/27/31 (144A)

    2,500,230        2,525,507   

Progress Residential Trust
2.031%, 09/17/33 (144A) (b)

    1,130,000        1,142,280   

2.740%, 06/12/32 (144A)

    1,123,419        1,138,092   

4.381%, 09/17/33 (144A) (b)

    1,190,000        1,198,027   

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

    250,000        258,898   

Race Point CLO, Ltd.
2.061%, 02/20/25 (144A) (b)

    1,635,000        1,631,328   

2.190%, 04/15/27 (144A) (b)

    720,000        720,228   

3.187%, 12/15/22 (144A) (b)

    490,000        490,915   

RCO Mortgage LLC
3.988%, 11/25/45 (144A) (b)

    782,905        780,755   

SG Mortgage Securities Trust
0.734%, 10/25/36 (b)

    570,000        365,389   

Silvermore CLO, Ltd.
2.267%, 05/15/26 (144A) (b)

    6,462,680        6,416,970   

Sound Point CLO, Ltd.
2.067%, 01/21/26 (144A) (b)

    2,185,000        2,178,170   

2.138%, 10/20/28 (144A) (b)

    1,240,000        1,241,244   

Soundview Home Loan Trust
1.320%, 01/25/35 (b)

    93,346        88,510   

SpringCastle America Funding LLC
3.050%, 04/25/29 (144A)

    4,530,000        4,530,000   

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

    2,062,000        2,080,369   

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

    842,122        842,122   

SWAY Residential Trust
1.831%, 01/17/32 (144A) (b)

    6,079,138        6,087,083   

Symphony CLO L.P.
3.179%, 04/16/22 (144A) (b)

    500,000        500,000   

Symphony CLO, Ltd.
1.980%, 10/15/25 (144A) (b)

    8,810,000        8,758,506   

2.879%, 01/17/25 (144A) (b)

    360,000        360,058   

2.879%, 10/17/26 (144A) (b)

    6,170,000        6,170,580   

3.430%, 10/15/25 (144A) (b)

    1,560,000        1,561,371   

 

MSF-36


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

TICP CLO, Ltd.
2.236%, 01/20/27 (144A) (b)

    1,290,000      $ 1,290,468   

3.046%, 01/20/27 (144A) (b)

    340,000        339,105   

Tricon American Homes Trust
1.781%, 05/17/32 (144A) (b)

    766,405        765,059   

Trimaran CLO, Ltd.
1.520%, 06/15/21 (144A) (b)

    230,000        225,466   

U.S. Residential Opportunity Fund Trust
3.475%, 07/27/36 (144A)

    9,653,192        9,659,734   

3.475%, 08/27/36 (144A)

    15,302,986        15,296,583   

Venture CLO, Ltd.
2.280%, 01/15/27 (144A) (b)

    1,715,000        1,715,780   

2.780%, 07/15/26 (144A) (b)

    490,000        490,112   

Vericrest Opportunity Loan Trust LLC
3.500%, 07/25/46 (144A)

    2,796,611        2,798,451   

3.500%, 09/25/46 (144A)

    10,870,000        10,869,646   

3.750%, 06/25/46 (144A)

    8,519,638        8,549,638   

3.844%, 06/25/46 (144A)

    7,526,706        7,569,763   

4.250%, 04/25/46 (144A)

    632,830        639,219   

Voya CLO, Ltd.
1.865%, 04/25/25 (144A) (b)

    1,780,000        1,776,015   

2.129%, 01/18/26 (144A) (b)

    3,140,000        3,135,547   

2.186%, 03/14/22 (144A) (b)

    610,000        610,113   

2.479%, 01/18/26 (144A) (b)

    775,000        773,248   

2.630%, 10/15/22 (144A) (b)

    1,670,000        1,667,159   

Washington Mutural Asset-Backed Certificates Trust
0.680%, 10/25/36 (b)

    1,102,305        832,895   

0.705%, 09/25/36 (b)

    2,588,492        1,309,245   

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

    795,650        797,894   

Wind River CLO, Ltd.
1.830%, 07/15/26 (144A) (b)

    2,080,000        2,108,432   

Ziggurat CLO, Ltd.
2.259%, 10/17/26 (144A) (b)

    12,105,000        12,105,351   
   

 

 

 
      361,640,662   
   

 

 

 

Asset-Backed - Student Loan—1.3%

  

Navient Private Education Loan Trust
1.724%, 12/15/28 (144A) (b)

    830,000        837,051   

2.224%, 11/15/30 (144A) (b)

    2,507,000        2,572,598   

2.274%, 10/17/44 (144A) (b)

    4,595,000        4,345,335   

2.650%, 12/15/28 (144A)

    880,000        900,780   

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

    970,000        934,228   

Scholar Funding Trust
1.174%, 01/30/45 (144A) (b)

    7,719,729        7,303,836   

1.643%, 10/28/43 (144A) (b)

    1,108,453        1,063,976   

SLM Private Credit Student Loan Trust
1.020%, 03/15/23 (b)

    383,096        381,280   

1.050%, 06/15/21 (b)

    832,184        830,419   

1.180%, 03/15/24 (b)

    4,800,000        4,531,133   

SLM Private Education Loan Trust
1.374%, 02/15/22 (144A) (b)

    644,355        645,110   

1.924%, 10/15/31 (144A) (b)

    3,740,000        3,794,241   

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

    720,000        701,597   

Asset-Backed - Student Loan—(Continued)

  

SLM Private Education Loan Trust

   

2.774%, 06/16/42 (144A) (b)

    3,271,000      3,408,409   

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

    970,000        958,492   

SMB Private Education Loan Trust
1.724%, 07/15/27 (144A) (b)

    930,000        931,759   

1.924%, 07/15/27 (144A) (b)

    420,000        427,627   

1.974%, 02/17/32 (144A) (b)

    2,090,000        2,114,794   

2.024%, 05/15/31 (144A) (b)

    2,440,000        2,475,576   

2.024%, 02/17/32 (144A) (b)

    1,025,000        1,030,257   

2.024%, 04/15/32 (144A) (b)

    730,000        733,835   

2.274%, 05/17/32 (144A) (b)

    3,490,000        3,559,930   

2.430%, 02/17/32 (144A)

    1,556,000        1,559,591   

2.490%, 06/15/27 (144A)

    1,210,000        1,232,224   

2.700%, 05/15/31 (144A)

    1,225,000        1,248,392   

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

    2,090,000        2,000,749   

SoFi Professional Loan Program LLC
2.340%, 04/25/33 (144A)

    470,000        469,933   

2.360%, 12/27/32 (144A)

    770,000        777,273   
   

 

 

 
      51,770,425   
   

 

 

 

Total Asset-Backed Securities
(Cost $443,839,764)

      449,746,449   
   

 

 

 
Mortgage-Backed Securities—7.5%   

Collateralized Mortgage Obligations—2.9%

  

Ajax Mortgage Loan Trust
4.250%, 08/25/64 (144A)

    1,881,703        1,875,461   

American Home Mortgage Assets Trust
1.427%, 11/25/46 (b)

    348,783        183,228   

1.447%, 10/25/46 (b)

    683,653        478,336   

Angel Oak Mortgage Trust LLC
3.500%, 07/25/46 (144A)

    1,352,517        1,351,032   

4.500%, 11/25/45 (144A)

    597,074        598,754   

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

    1,903,087        1,860,910   

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

    3,224,260        2,815,482   

6.250%, 02/25/36

    3,772,097        2,902,616   

COLT Funding LLC
3.525%, 12/26/45 (144A) (b)

    1,081,660        1,074,626   

COLT Mortgage Loan Trust
3.000%, 05/25/46 (144A)

    920,293        928,116   

Countrywide Alternative Loan Trust
0.665%, 04/25/47 (b)

    1,096,046        933,912   

0.665%, 05/25/47 (b)

    3,814,014        3,235,792   

0.715%, 10/25/46 (b)

    1,593,577        1,352,633   

0.722%, 03/20/47 (b)

    2,383,099        1,649,782   

0.732%, 07/20/46 (b)

    4,350,142        2,146,373   

0.735%, 07/25/46 (b)

    1,936,041        1,618,819   

0.825%, 01/25/36 (b)

    890,137        757,751   

2.237%, 11/25/46 (b)

    4,520,945        3,634,420   

5.500%, 04/25/37

    1,237,198        1,022,909   

6.000%, 02/25/36

    1,589,334        1,250,117   

6.000%, 05/25/37

    4,272,644        3,114,986   

6.500%, 09/25/37

    10,227,744        7,416,428   

 

MSF-37


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Countrywide Home Loan Mortgage Pass-Through Trust
1.467%, 04/25/46 (b)

    5,324,929      $ 2,903,247   

Credit Suisse Mortgage Capital Certificates
0.704%, 03/27/36 (144A) (b)

    2,960,351        1,880,852   

0.750%, 02/27/36 (144A) (b)

    895,000        732,180   

2.931%, 08/27/46 (144A) (b)

    3,218,669        3,153,568   

4.750%, 07/27/37 (144A) (b)

    1,265,133        1,270,668   

Deephaven Residential Mortgage Trust
4.000%, 07/25/46 (144A)

    2,332,174        2,326,028   

Deutsche ALT-A Securities Mortgage Loan Trust
0.675%, 12/25/36 (b)

    4,229,168        3,461,734   

Deutsche ALT-A Securities, Inc. Alternate Loan Trust
1.022%, 01/27/37 (144A) (b)

    479,996        1,193,754   

Fannie Mae Connecticut Avenue Securities
5.775%, 10/25/23 (b)

    7,415,000        8,209,874   

Freddie Mac Structured Agency Credit Risk Debt Notes
4.324%, 03/25/29 (b)

    1,310,000        1,317,047   

4.374%, 03/25/29 (b)

    1,400,000        1,409,027   

GreenPoint Mortgage Funding Trust
2.507%, 03/25/36 (b)

    268,133        222,368   

GSMPS Mortgage Loan Trust
0.875%, 01/25/35 (144A) (b)

    866,929        746,799   

0.875%, 03/25/35 (144A) (b)

    1,067,731        919,079   

0.875%, 01/25/36 (144A) (b)

    794,283        664,018   

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

    1,244,721        1,124,212   

JPMorgan Alternative Loan Trust
0.735%, 03/25/37 (b)

    1,874,429        1,349,583   

3.041%, 05/25/37 (b)

    486,535        400,208   

JPMorgan Mortgage Trust
6.500%, 08/25/36

    433,328        356,681   

Litigation Fee Residual Funding LLC
4.000%, 10/30/27

    4,250,000        4,227,976   

LSTAR Securities Investment Trust
2.523%, 01/01/20 (144A) (b)

    1,563,636        1,550,175   

2.527%, 03/01/20 (144A) (b)

    2,228,651        2,192,292   

LSTAR Securities Investment, Ltd.
2.494%, 11/01/20 (144A) (b)

    973,223        956,192   

2.523%, 03/01/21 (144A) (b)

    5,529,058        5,421,242   

2.528%, 09/01/21 (144A) (b)

    6,626,000        6,528,681   

3.994%, 11/01/20 (144A) (b)

    350,000        336,000   

MASTR Resecuritization Trust
0.959%, 08/25/37 (144A) (b)

    756,605        540,671   

Merrill Lynch Mortgage Investors Trust
3.004%, 05/25/36 (b)

    2,533,931        2,078,541   

Morgan Stanley Resecuritization Trust
1.239%, 06/26/47 (144A) (b)

    550,658        488,753   

Mortgage Loan Resecuritization Trust
0.848%, 04/16/36 (144A) (b)

    4,798,165        3,953,976   

New Residential Mortgage Loan Trust
3.750%, 08/25/55 (144A) (b)

    562,967        570,321   

Nomura Resecuritization Trust
1.044%, 11/26/35 (144A) (b)

    710,000        631,636   

Collateralized Mortgage Obligations—(Continued)

  

Residential Accredit Loans, Inc. Trust
0.685%, 02/25/37 (b)

    451,665      373,722   

0.715%, 07/25/37 (b)

    1,156,878        988,856   

Stanwich Mortgage Loan Co. LLC
3.721%, 08/16/46 (144A)

    1,380,000        1,380,000   

Structured Adjustable Rate Mortgage Loan Trust
3.029%, 04/25/47 (b)

    1,747,371        1,335,943   

Structured Asset Mortgage Investments Trust
0.715%, 06/25/36 (b)

    1,207,255        956,592   

0.755%, 02/25/36 (b)

    2,763,120        2,143,591   

Structured Asset Securities Corp. Mortgage Loan Trust
6.000%, 10/25/36 (144A)

    732,756        644,712   

Wedgewood Real Estate Trust
3.450%, 07/15/46 (144A) (b)

    691,628        690,692   

Wells Fargo Mortgage-Backed Securities Trust
2.994%, 07/25/36 (b)

    596,314        586,294   
   

 

 

 
      114,420,268   
   

 

 

 

Commercial Mortgage-Backed Securities—4.6%

  

BAMLL Commercial Mortgage Securities Trust
1.574%, 09/15/26 (144A) (b)

    499,000        498,463   

3.124%, 09/15/26 (144A) (b)

    260,000        258,477   

3.716%, 04/14/33 (144A) (b)

    850,000        773,281   

3.727%, 08/14/34 (144A) (b)

    2,470,000        2,229,175   

4.024%, 09/15/26 (144A) (b)

    947,000        938,012   

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

    789,986        793,101   

5.482%, 01/15/49 (b)

    630,000        626,916   

5.723%, 06/10/49 (b)

    7,807,445        7,904,017   

5.772%, 02/10/51 (b)

    2,590,000        2,655,386   

5.801%, 04/10/49 (b)

    470,000        478,060   

Bayview Commercial Asset Trust
0.825%, 10/25/36 (144A) (b)

    357,620        296,772   

0.974%, 09/25/37 (144A) (b)

    400,088        339,856   

3.275%, 07/25/38 (144A) (b)

    921,778        941,193   

BB-UBS Trust
0.730%, 11/05/36 (144A) (b) (c)

    85,480,000        3,817,554   

4.160%, 11/05/36 (144A) (b)

    330,000        325,845   

Bear Stearns Commercial Mortgage Securities Trust
1.217%, 06/11/50 (144A) (b)

    560,000        551,186   

5.317%, 02/11/44

    4,947,883        4,988,234   

5.910%, 06/11/40 (b)

    1,281,000        1,311,502   

BHMS Mortgage Trust
2.023%, 07/05/33 (144A) (b)

    3,305,000        3,295,185   

BWAY Mortgage Trust
3.446%, 03/10/33 (144A)

    1,495,000        1,497,162   

3.454%, 03/10/33 (144A)

    2,120,000        2,259,471   

3.633%, 03/10/33 (144A)

    600,000        596,106   

4.058%, 03/10/33 (144A) (b)

    1,210,000        1,161,087   

CCRESG Commercial Mortgage Trust
5.671%, 04/10/29 (144A) (b)

    230,000        231,263   

CD Mortgage Trust
5.648%, 10/15/48

    640,000        640,546   

6.320%, 11/15/44 (b)

    2,530,500        2,637,295   

 

MSF-38


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

CDGJ Commercial Mortgage Trust
1.924%, 12/15/27 (144A) (b)

    3,581,990      $ 3,585,357   

CFCRE Commercial Mortgage Trust
0.894%, 05/10/58 (b) (c)

    2,370,000        137,659   

1.937%, 05/10/58 (b) (c)

    4,271,346        525,024   

3.283%, 05/10/58

    330,000        346,701   

CGGS Commerical Mortgage Trust
4.024%, 02/15/33 (144A) (b)

    1,513,001        1,522,071   

5.274%, 02/15/33 (144A) (b)

    1,862,496        1,880,126   

Citigroup Commercial Mortgage Trust
1.385%, 10/10/47 (144A) (b) (c)

    1,140,000        87,123   

2.788%, 04/10/49 (144A)

    560,000        389,382   

3.520%, 09/10/31 (144A)

    130,000        129,998   

3.635%, 05/10/35 (144A) (b)

    130,000        124,083   

4.509%, 09/10/31 (144A)

    250,000        249,989   

COBALT CMBS Commercial Mortgage Trust
5.954%, 05/15/46 (b)

    2,457,000        2,509,018   

Commercial Mortgage Pass-Through Certificates Mortgage Trust
0.168%, 02/10/35 (144A) (b) (c)

    60,958,000        460,233   

1.208%, 12/10/49 (144A) (b)

    640,000        616,962   

1.616%, 03/10/46 (b) (c)

    37,847,006        1,581,585   

1.856%, 01/10/46 (b) (c)

    36,019,480        2,137,666   

2.122%, 02/13/32 (144A) (b)

    1,280,000        1,277,509   

2.777%, 02/13/32 (144A) (b)

    550,000        542,152   

4.456%, 07/10/48 (b)

    1,600,000        1,504,655   

4.524%, 10/15/31 (144A) (b)

    2,845,000        2,550,430   

4.565%, 12/10/47 (b)

    420,000        440,159   

4.698%, 08/10/48 (b)

    2,170,000        2,254,099   

4.895%, 07/15/47 (b)

    1,280,000        1,369,247   

5.543%, 12/11/49 (144A) (b)

    2,690,000        2,728,756   

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

    1,990,000        2,090,388   

Countrywide Commercial Mortgage Trust
6.300%, 11/12/43 (144A) (b)

    492,997        501,558   

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

    4,600        4,598   

CSAIL Commercial Mortgage Trust
1.976%, 01/15/49 (b) (c)

    4,494,983        538,690   

3.943%, 04/15/50 (144A) (b)

    130,000        108,151   

4.506%, 08/15/48 (b)

    340,000        350,557   

DBJPM Mortgage Trust
3.636%, 09/10/49 (144A) (b)

    1,800,000        1,339,103   

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

    270,836        270,743   

5.355%, 06/17/49 (144A) (b)

    3,160,000        3,196,418   

Freddie Mac Multifamily Structured Pass-Through Certificates
2.312%, 10/25/22

    540,000        553,362   

FREMF Mortgage Trust
3.919%, 08/25/49 (144A) (b)

    370,000        360,028   

GAHR Commercial Mortgage Trust
1.824%, 12/15/34 (144A) (b)

    1,030,469        1,033,031   

3.495%, 12/15/34 (144A) (b)

    6,057,000        5,617,684   

Commercial Mortgage-Backed Securities—(Continued)

  

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

    520,000      536,716   

GS Mortgage Securities Corp.
1.748%, 02/10/46 (b) (c)

    46,325,261        3,522,281   

3.550%, 12/10/27 (144A) (b)

    7,062,358        6,748,830   

GS Mortgage Securities Trust
2.850%, 10/10/49

    3,100,000        3,176,103   

4.801%, 06/10/47 (144A) (b)

    180,000        146,177   

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

    64,000,000        640   

5.609%, 11/05/30 (144A) (b)

    1,472,000        1,474,272   

JPMBB Commercial Mortgage Securities Trust
1.339%, 10/15/48 (b) (c)

    5,077,858        324,418   

4.712%, 09/15/47 (144A) (b)

    420,000        340,882   

JPMorgan Chase Commercial Mortgage Securities Corp.
1.975%, 12/15/47 (b) (c)

    9,266,892        618,645   

JPMorgan Chase Commercial Mortgage Securities Trust
0.723%, 04/15/46 (b) (c)

    4,900,000        155,649   

0.750%, 08/15/49 (b) (c)

    5,300,000        305,150   

1.774%, 01/15/32 (144A) (b)

    330,000        329,724   

1.924%, 11/15/31 (144A) (b)

    3,075,244        3,068,339   

2.018%, 02/12/51 (b)

    1,211,709        1,179,866   

2.224%, 07/15/36 (144A) (b)

    2,263,000        2,275,751   

2.854%, 10/06/38 (144A) (b)

    1,600,000        1,642,197   

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

    1,140,000        1,177,067   

3.824%, 01/15/32 (144A) (b)

    1,645,000        1,640,590   

3.958%, 04/15/46 (b)

    2,230,000        2,275,257   

4.401%, 01/15/49 (b)

    970,000        896,695   

4.474%, 01/15/32 (144A) (b)

    540,000        538,396   

5.431%, 06/12/47 (b)

    7,486,480        7,529,892   

5.593%, 05/12/45

    473,667        473,305   

5.774%, 01/15/32 (144A) (b)

    820,000        819,088   

5.940%, 06/15/49 (b)

    2,510,857        2,545,409   

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

    480,000        481,086   

Lone Star Portfolio Trust
2.324%, 09/15/28 (144A) (b)

    317,409        319,822   

6.124%, 09/15/28 (144A) (b)

    409,547        409,125   

Merrill Lynch Mortgage Trust
6.008%, 06/12/50 (b)

    2,851,698        2,900,090   

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

    297,467        297,320   

5.810%, 06/12/50 (b)

    1,516,343        1,541,693   

Morgan Stanley Bank of America Merrill Lynch Trust
1.299%, 12/15/47 (b) (c)

    198,763        11,770   

1.309%, 11/15/46 (b) (c)

    18,019,657        1,030,133   

1.339%, 12/15/47 (144A) (b) (c)

    1,810,000        120,970   

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

    820,000        587,276   

3.068%, 10/15/48

    1,300,000        944,741   

3.071%, 02/15/48 (144A)

    100,000        72,037   

Morgan Stanley Capital Trust
0.698%, 02/12/44 (b)

    720,000        712,417   

3.274%, 08/15/26 (144A) (b)

    300,000        299,550   

 

MSF-39


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Morgan Stanley Capital Trust

   

3.560%, 07/13/29 (144A) (b)

    540,000      $ 523,232   

5.406%, 03/15/44

    3,090,000        3,113,984   

5.902%, 04/12/49 (b)

    2,375,000        2,382,520   

Morgan Stanley Re-REMIC Trust
2.000%, 07/27/49 (144A)

    916,912        912,905   

5.988%, 08/15/45 (144A) (b)

    1,560,000        1,581,534   

RBSCF Trust
6.158%, 02/16/51 (144A) (b)

    7,321,866        7,312,614   

SCG Trust
1.924%, 11/15/26 (144A) (b)

    5,285,000        5,244,989   

STRIPs, Ltd.
0.500%, 12/25/44 (144A)

    2,370,000        2,369,791   

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

    543,569        543,569   

UBS-Barclays Commercial Mortgage Trust
3.724%, 02/15/28 (144A) (b)

    950,000        929,894   

Velocity Commercial Capital Loan Trust
2.955%, 06/25/45 (144A) (b)

    2,335,940        2,353,460   

2.972%, 04/25/46 (144A) (b)

    2,452,208        2,456,646   

Wachovia Bank Commercial Mortgage Trust
5.339%, 11/15/48

    945,000        947,897   

5.632%, 10/15/48 (b)

    341,000        339,994   

Waldorf Astoria Boca Raton Trust
1.858%, 06/15/29 (144A) (b)

    1,590,000        1,590,104   

Wells Fargo Commercial Mortgage Trust
1.135%, 02/15/48 (b) (c)

    8,823,677        541,299   

1.412%, 08/15/49 (144A) (b) (c)

    1,430,000        138,839   

1.486%, 08/15/49 (b) (c)

    2,800,000        313,964   

3.852%, 11/15/48

    890,000        671,857   

WF-RBS Commercial Mortgage Trust
1.119%, 11/15/47 (b) (c)

    25,652,237        1,427,675   

1.345%, 05/15/47 (b) (c)

    11,962,451        701,442   

1.528%, 03/15/48 (144A) (b) (c)

    41,567,924        2,455,380   

3.915%, 09/15/57 (b)

    1,540,000        1,484,655   
   

 

 

 
      180,767,053   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $310,316,232)

      295,187,321   
   

 

 

 
Municipals—4.7%   

Arizona Health Facilities Authority
1.243%, 01/01/37 (b)

    1,140,000        1,054,318   

Bay Area Toll Bridge Authority, Build America Bonds
6.918%, 04/01/40

    1,575,000        2,324,416   

Series S1
7.043%, 04/01/50

    460,000        735,683   

Brooklyn Arena Local Development Corp.
5.000%, 07/15/42

    1,770,000        2,110,389   

California State Public Works Board
8.361%, 10/01/34

    760,000        1,177,901   

Central Puget Sound Regional Transit Authority
5.000%, 11/01/45

    350,000        422,202   

City of Atlanta, GA Water & Wastewater Revenue
5.000%, 11/01/33

    905,000        1,099,602   

City of Portland, OR Sewer System Revenue
5.000%, 06/15/23

    1,240,000      1,538,604   

City of Seattle, WA Municipal Light & Power Revenue
Series B
5.000%, 04/01/23

    650,000        801,015   

5.000%, 04/01/24

    630,000        789,188   

5.000%, 04/01/25

    580,000        739,645   

Clark County School District
5.000%, 06/15/26

    675,000        850,095   

5.000%, 06/15/27

    675,000        844,283   

5.000%, 06/15/28

    720,000        895,781   

Series A
5.000%, 06/15/23

    1,585,000        1,947,252   

5.000%, 06/15/24

    1,820,000        2,264,790   

Colorado Health Facilities Authority
5.250%, 02/01/31

    655,000        736,344   

Commonwealth of Puerto Rico
8.000%, 07/01/35

    14,975,000        9,789,906   

Eastern Municipal Water District Financing Authority
5.000%, 07/01/33

    350,000        438,267   

Energy Northwest
Series A
5.000%, 07/01/27

    665,000        859,798   

5.000%, 07/01/28

    325,000        416,845   

Series B
2.814%, 07/01/24

    1,290,000        1,346,179   

Grant County Public Utility District No. 2
4.584%, 01/01/40

    315,000        344,799   

Hawaii State, General Obligation Unlimited
5.000%, 10/01/27

    1,100,000        1,411,740   

5.000%, 10/01/28

    1,100,000        1,400,267   

5.000%, 10/01/29

    1,100,000        1,391,170   

Horry County School District
5.000%, 03/01/19

    360,000        395,226   

5.000%, 03/01/20

    360,000        409,000   

5.000%, 03/01/22

    530,000        638,184   

5.000%, 03/01/23

    590,000        727,830   

5.000%, 03/01/24

    625,000        787,256   

5.000%, 03/01/25

    355,000        453,740   

Los Angeles Community College District
6.600%, 08/01/42

    1,480,000        2,279,407   

Los Angeles Department of Water & Power Revenue, Build America Bonds
6.603%, 07/01/50

    565,000        886,864   

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

    640,000        928,269   

Series B
5.000%, 07/01/30

    720,000        916,106   

Massachusetts Development Finance Agency
5.000%, 07/01/44

    2,685,000        3,106,169   

Massachusetts Educational Financing Authority
5.000%, 01/01/22

    740,000        843,940   

Massachusetts State Clean Water Trust Revenue
5.000%, 02/01/25

    585,000        754,129   

 

MSF-40


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Municipals—(Continued)

 

Security Description   Principal
Amount*
    Value  

Massachusetts State Clean Water Trust Revenue
5.000%, 02/01/26

    685,000      $ 897,706   

5.000%, 02/01/27

    555,000        718,359   

5.000%, 02/01/28

    500,000        642,175   

Metropolitan Transportation Authority Build America Bonds
6.668%, 11/15/39

    170,000        244,227   

6.687%, 11/15/40

    590,000        848,432   

6.814%, 11/15/40

    1,005,000        1,457,039   

Metropolitan Washington Airports Authority Dulles Toll Road Revenue
7.462%, 10/01/46

    560,000        865,967   

Miami-Dade County
Series A
5.000%, 07/01/29

    330,000        414,873   

5.000%, 07/01/30

    330,000        411,576   

5.000%, 07/01/31

    330,000        408,959   

5.000%, 07/01/32

    330,000        407,009   

5.000%, 07/01/35

    395,000        480,640   

5.000%, 07/01/36

    350,000        424,533   

5.000%, 07/01/38

    650,000        785,298   

Miami-Dade County, FL Aviation Revenue 5.000%, 10/01/38

    1,025,000        1,184,592   

Series B
2.504%, 10/01/24

    1,000,000        1,007,190   

Miami-Dade County, FL Educational Facilities Authority
5.073%, 04/01/50

    655,000        767,208   

Minneapolis-St. Paul Metropolitan Airports Commission
5.000%, 01/01/28

    360,000        461,455   

5.000%, 01/01/29

    360,000        456,862   

5.000%, 01/01/30

    360,000        454,586   

Missouri State Health & Educational Facilities Authority Revenue
5.000%, 11/15/29

    340,000        418,747   

5.000%, 11/15/30

    370,000        453,546   

5.000%, 11/15/34

    340,000        408,993   

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

    1,000,000        1,349,930   

New Jersey State Educational Facility Authority Revenue
5.000%, 07/01/23

    780,000        974,750   

New Jersey State Turnpike Authority
5.000%, 01/01/45

    325,000        383,292   

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

    1,451,000        2,272,005   

New Jersey Transportation Trust Fund Authority
Series C
Zero Coupon, 12/15/27

    1,060,000        717,238   

Zero Coupon, 12/15/31

    1,060,000        595,603   

Zero Coupon, 12/15/33

    1,060,000        556,765   

Zero Coupon, 12/15/35

    1,060,000        487,303   

Zero Coupon, 12/15/36

    1,060,000        464,280   

New York City Transitional Finance Authority Future Tax Secured Revenue
2.280%, 05/01/26

    1,195,000      1,167,682   

New York City Water & Sewer System
5.375%, 06/15/43

    2,360,000        2,754,450   

5.500%, 06/15/43

    2,825,000        3,324,206   

5.750%, 06/15/41

    675,000        934,646   

5.882%, 06/15/44

    1,150,000        1,651,411   

New York State Dormitory Authority
5.000%, 03/15/20

    1,175,000        1,335,881   

5.000%, 03/15/25

    2,150,000        2,744,733   

New York State Dormitory Authority Build America Bonds
5.389%, 03/15/40

    1,075,000        1,409,637   

New York State Dormitory Authority Revenue
5.000%, 03/15/32

    580,000        719,171   

New York State Housing Finance Agency
3.250%, 11/01/41

    340,000        341,323   

New York State Thruway Authority
5.000%, 01/01/31

    730,000        882,008   

Series A
5.000%, 05/01/19

    305,000        335,573   

New York State Urban Development Corp.
5.000%, 03/15/24

    230,000        287,788   

5.000%, 03/15/25

    850,000        1,080,494   

5.000%, 03/15/26

    1,505,000        1,939,674   

5.000%, 03/15/27

    215,000        273,865   

5.000%, 03/15/28

    305,000        384,883   

New York Transportation Development Corp.

   

Series A
5.000%, 07/01/46

    1,710,000        1,934,078   

5.250%, 01/01/50

    1,375,000        1,574,925   

North Carolina Department of Transportation
5.000%, 06/30/54

    1,000,000        1,127,250   

Orange County Local Transportation Authority
6.908%, 02/15/41

    1,420,000        2,069,480   

Orange County Sanitation District
5.000%, 02/01/34

    500,000        622,850   

Pennsylvania Economic Development Financing Authority
5.000%, 12/31/38

    510,000        594,609   

Port Authority of New York & New Jersey
4.458%, 10/01/62

    1,435,000        1,651,326   

4.810%, 10/15/65

    720,000        877,507   

4.960%, 08/01/46

    1,910,000        2,370,711   

Port of Morrow, OR
2.987%, 09/01/36

    875,000        871,115   

Public Power Generation Agency Revenue
5.000%, 01/01/34

    5,000        6,026   

Regents of the University of California Medical Center Pooled Revenue
6.583%, 05/15/49

    1,455,000        2,085,102   

Sacramento County, CA, Airport System Revenue
5.250%, 07/01/39

    500,000        532,230   

San Antonio TX Electric & Gas Systems Revenue
5.808%, 02/01/41

    470,000        646,001   

 

MSF-41


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Municipals—(Continued)

 

Security Description   Principal
Amount*
    Value  

San Diego County Water Authority Financing Corp.

   

Series A
5.000%, 05/01/32

    350,000      $ 438,631   

5.000%, 05/01/33

    710,000        886,300   

San Jose CA, Airport Revenue
5.000%, 03/01/37

    860,000        872,771   

South Carolina Public Service Authority
2.388%, 12/01/23

    1,587,000        1,607,647   

State of California
5.000%, 09/01/17

    710,000        737,108   

State of California General Obligation Unlimited
5.000%, 09/01/27

    1,375,000        1,759,629   

5.000%, 09/01/32

    345,000        428,469   

State of California General Obligation Unlimited, Build America Bonds
4.988%, 04/01/39

    790,000        856,708   

7.300%, 10/01/39

    345,000        523,979   

7.350%, 11/01/39

    690,000        1,055,362   

7.500%, 04/01/34

    1,125,000        1,704,634   

7.550%, 04/01/39

    1,375,000        2,201,939   

7.600%, 11/01/40

    3,780,000        6,127,871   

State of Colorado
3.000%, 06/27/17

    710,000        721,097   

State of Georgia

   

Series A
5.000%, 02/01/29

    395,000        503,799   

Series A-1
5.000%, 02/01/26

    810,000        1,059,051   

Series C-1
5.000%, 07/01/23

    1,735,000        2,161,827   

5.000%, 07/01/24

    2,535,000        3,225,509   

5.000%, 07/01/26

    355,000        467,560   

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

    4,320,000        4,164,480   

State of Maryland
5.000%, 06/01/23

    680,000        844,315   

5.000%, 06/01/24

    680,000        861,628   

State of Massachusetts

   

Series B
5.000%, 07/01/22

    1,320,000        1,597,345   

5.000%, 07/01/23

    1,795,000        2,222,156   

5.000%, 07/01/25

    720,000        920,916   

5.000%, 07/01/26

    700,000        907,963   

5.000%, 07/01/28

    700,000        923,020   

State of Minnesota
5.000%, 08/01/27

    890,000        1,162,126   

State of Nevada Highway Improvement Revenue
5.000%, 12/01/27

    665,000        856,906   

5.000%, 12/01/28

    315,000        402,362   

State of North Carolina

   

Series A
5.000%, 06/01/24

    880,000        1,117,987   

Series B
5.000%, 06/01/25

    2,505,000        3,242,397   

State of North Carolina

   

Series A
5.000%, 06/01/26

    1,500,000      1,973,400   

State of Ohio
5.000%, 12/15/23

    1,180,000        1,475,236   

Series A
5.000%, 09/15/24

    1,000,000        1,265,470   

State of Oregon
2.000%, 06/30/17

    710,000        716,156   

State of Pennsylvania
5.000%, 09/15/24

    750,000        926,910   

5.000%, 09/15/25

    480,000        601,416   

5.000%, 09/15/26

    310,000        392,528   

State of Washington General Obligation Unlimited
5.000%, 07/01/28

    650,000        802,984   

Series A
5.000%, 08/01/25

    705,000        902,139   

5.000%, 08/01/26

    705,000        915,358   

5.000%, 08/01/27

    705,000        902,872   

Series R
5.000%, 08/01/28

    825,000        1,047,222   

5.000%, 08/01/29

    825,000        1,039,665   

5.000%, 08/01/30

    825,000        1,035,490   

5.000%, 08/01/31

    825,000        1,030,508   

5.000%, 08/01/32

    825,000        1,025,558   

State of Wisconsin
5.000%, 05/01/34

    810,000        988,411   

Texas Private Activity Bond Surface Transportation Corp.
5.000%, 12/31/55

    680,000        773,119   

Turlock Irrigation District
5.000%, 01/01/46

    440,000        534,376   

University of California CA, Revenue
4.858%, 05/15/2112

    980,000        1,077,245   

Utah Transit Authority
5.000%, 06/15/27

    3,500,000        4,458,965   

West Virginia Hospital Finance Authority
5.000%, 06/01/19

    365,000        402,653   

5.000%, 06/01/20

    390,000        443,294   

5.000%, 06/01/21

    390,000        454,592   

5.000%, 06/01/22

    425,000        507,140   

5.000%, 06/01/23

    355,000        431,907   

5.000%, 06/01/24

    375,000        463,774   
   

 

 

 

Total Municipals
(Cost $179,117,222)

      184,960,252   
   

 

 

 
Foreign Government—3.4%   

Sovereign—3.4%

   

Argentine Republic Government International Bonds
6.250%, 04/22/19 (144A)

    10,034,000        10,641,057   

7.820%, 12/31/33 (EUR) (g)

    3,122,104        3,905,287   

 

MSF-42


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Foreign Government—(Continued)

 

Security Description       
    
Principal
Amount*
    Value  

Sovereign—(Continued)

   

Brazilian Government International Bonds
2.875%, 04/01/21 (EUR)

    757,000      $ 866,107   

4.875%, 01/22/21

    814,000        868,945   

5.000%, 01/27/45

    426,000        386,595   

7.125%, 01/20/37

    1,207,000        1,418,225   

Colombia Government International Bonds
4.000%, 02/26/24 (h)

    9,755,000        10,389,075   

Deutsche Bundesrepublik Inflation Linked Bonds
0.100%, 04/15/26 (EUR) (g)

    16,227,037        20,528,976   

Egypt Government International Bonds
5.875%, 06/11/25

    826,000        784,964   

Hellenic Republic Government Bonds
3.000%, 02/24/23 (EUR) (l)

    103,000        86,942   

3.000%, 02/24/24 (EUR) (l)

    103,000        84,602   

3.000%, 02/24/25 (EUR) (l)

    103,000        82,729   

3.000%, 02/24/26 (EUR) (l)

    103,000        81,462   

3.000%, 02/24/27 (EUR) (l)

    103,000        79,365   

3.000%, 02/24/28 (EUR) (l)

    103,000        77,235   

3.000%, 02/24/29 (EUR) (l)

    103,000        75,421   

3.000%, 02/24/30 (EUR) (l)

    103,000        74,108   

3.000%, 02/24/31 (EUR) (l)

    103,000        72,605   

3.000%, 02/24/32 (EUR) (l)

    103,000        71,564   

3.000%, 02/24/33 (EUR) (l)

    103,000        70,216   

3.000%, 02/24/34 (EUR) (l)

    103,000        69,370   

3.000%, 02/24/35 (EUR) (l)

    103,000        68,152   

3.000%, 02/24/36 (EUR) (l)

    103,000        68,370   

3.000%, 02/24/37 (EUR) (l)

    103,000        67,888   

3.000%, 02/24/38 (EUR) (l)

    103,000        67,202   

3.000%, 02/24/39 (EUR) (l)

    103,000        67,286   

3.000%, 02/24/40 (EUR) (l)

    103,000        67,098   

3.000%, 02/24/41 (EUR) (l)

    103,000        67,219   

3.000%, 02/24/42 (EUR) (l)

    103,000        67,488   

Hungary Government International Bonds
5.375%, 03/25/24

    3,500,000        4,064,515   

Indonesia Government International Bonds
3.375%, 04/15/23 (144A)

    2,016,000        2,077,198   

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

    1,350,000        1,556,040   

5.875%, 01/15/24 (144A)

    3,964,000        4,674,614   

Indonesia Treasury Bonds
6.625%, 05/15/33 (IDR)

    10,707,000,000        755,352   

8.250%, 05/15/36 (IDR)

    42,348,000,000        3,497,242   

8.375%, 03/15/24 (IDR)

    20,667,000,000        1,712,617   

8.375%, 03/15/34 (IDR)

    47,298,000,000        3,950,258   

8.750%, 05/15/31 (IDR)

    21,227,000,000        1,828,871   

Mexican Bonos
4.750%, 06/14/18 (MXN)

    75,800,000        3,874,149   

Mexican Udibonos
3.500%, 12/14/17 (MXN) (g)

    19,827,616        1,045,777   

Mexico Government International Bonds
4.000%, 10/02/23 (h)

    27,750,000        29,650,875   

Panama Government International Bonds
3.750%, 03/16/25

    2,557,000        2,758,364   

Peruvian Government International Bonds
7.350%, 07/21/25 (h)

    2,900,000        4,016,500   

Sovereign—(Continued)

   

South Africa Government International Bonds
4.875%, 04/14/26

    2,360,000      2,480,832   

Turkey Government Bonds
8.500%, 07/10/19 (TRY)

    3,875,000        1,285,240   

10.500%, 01/15/20 (TRY)

    5,815,000        2,033,603   

Turkey Government International Bonds
5.625%, 03/30/21

    950,000        1,011,750   

6.750%, 04/03/18

    3,212,000        3,395,116   

7.000%, 03/11/19

    1,615,000        1,749,852   

7.500%, 11/07/19

    1,750,000        1,946,350   

Uruguay Government International Bonds
4.375%, 10/27/27 (g)

    3,280,000        3,530,100   

Venezuela Government International Bonds
7.000%, 03/31/38

    928,000        428,272   

8.250%, 10/13/24

    815,000        400,165   
   

 

 

 

Total Foreign Government
(Cost $130,987,063)

      134,979,205   
   

 

 

 
Preferred Stocks—0.4%   

Banks—0.4%

   

Citigroup Capital,
7.122% (b)

    292,339        7,700,209   

GMAC Capital Trust,
6.602% (b)

    250,000        6,352,500   
   

 

 

 
      14,052,709   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

 

Federal Home Loan Mortgage Corp.
Series Z, 8.375% (b) (h)

    70,000        243,600   

Federal National Mortgage Association
Series S, 8.250% (b)

    70,000        245,700   
   

 

 

 
      489,300   
   

 

 

 

Total Preferred Stocks
(Cost $14,797,285)

      14,542,009   
   

 

 

 
Purchased Options—0.1%   

Currency Options—0.0%

   

AUD Put/USD Call, Strike Price USD 0.75, Expires 10/20/16 (Counterparty - UBS AG) (AUD)

    52,890,000        109,294   

USD Call/BRL Put, Strike Price BRL 3.50, Expires 10/20/16 (Counterparty - Morgan Stanley & Co. LLC)

    1,180,000        1,422   

USD Call/CAD Put, Strike Price CAD 1.43, Expires 11/30/16 (Counterparty - Morgan Stanley & Co. LLC)

    180,000        11,551   

USD Call/CNH Put, Strike Price CNH 6.75, Expires 12/15/16 (Counterparty - Deutsche Bank AG)

    2,869,000        18,935   

 

MSF-43


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Purchased Options—(Continued)

 

Security Description       
Notional
Amount*
    Value  

Currency Options—(Continued)

   

USD Call/CNH Put, Strike Price CNH 6.80, Expires 11/04/16 (Counterparty - Bank of America N.A.)

    24,470,000      $ 39,152   

USD Call/JPY Put, Strike Price JPY 105.00, Expires 10/20/16 (Counterparty - Citibank N.A.)

    1,060,600        58,872   

USD Call/KRW Put, Strike Price KRW 1,120.00, Expires 11/15/16 (Counterparty - Deutsche Bank AG)

    2,430,000        23,858   

USD Call/KRW Put, Strike Price KRW 1,135.00, Expires 10/20/16 (Counterparty - HSBC Bank plc)

    2,010,000        3,863   

USD Call/KRW Put, Strike Price KRW 1,170.00, Expires 10/20/16 (Counterparty - BNP Paribas S.A.)

    2,010,000        569   

USD Call/MXN Put, Strike Price MXN 18.75, Expires 11/16/16 (Counterparty - Goldman Sachs International)

    1,990,000        102,087   

USD Call/MXN Put, Strike Price MXN 19.00, Expires 11/14/16 (Counterparty - Goldman Sachs International)

    2,360,000        100,064   

USD Call/MXN Put, Strike Price MXN 19.15, Expires 10/27/16 (Counterparty - Goldman Sachs International)

    3,210,000        84,744   

USD Call/MXN Put, Strike Price MXN 19.65, Expires 11/16/16 (Counterparty - Goldman Sachs International)

    2,420,000        67,479   

USD Call/MXN Put, Strike Price MXN 19.90, Expires 11/23/16 (Counterparty - Deutsche Bank AG)

    2,230,000        54,900   

USD Call/MXN Put, Strike Price MXN 20.00, Expires 11/23/16 (Counterparty - Deutsche Bank AG)

    2,400,000        54,982   

USD Call/MXN Put, Strike Price MXN 23.00, Expires 11/30/16 (Counterparty - Morgan Stanley & Co. LLC)

    131,184        12,389   

USD Call/RUB Put, Strike Price RUB 66.50, Expires 10/07/16 (Counterparty - Deutsche Bank AG)

    1,040,000        520   

USD Call/TWD Put, Strike Price TWD 31.00, Expires 10/07/16 (Counterparty - Goldman Sachs International)

    2,220,000        22,422   

USD Call/TWD Put, Strike Price TWD 32.00, Expires 11/23/16 (Counterparty - BNP Paribas S.A.)

    2,240,000        8,646   

USD Put/BRL Call, Strike Price BRL 3.22, Expires 10/20/16 (Counterparty - Goldman Sachs International)

    1,180,000        10,029   

USD Put/BRL Call, Strike Price BRL 3.30, Expires 11/23/16 (Counterparty - Morgan Stanley & Co. LLC)

    1,840,000        47,636   

USD Put/INR Call, Strike Price INR 67.50, Expires 12/1/16 (Counterparty - Deutsche Bank AG)

    2,196,000        28,331   

Currency Options—(Continued)

   

USD Put/INR Call, Strike Price INR 67.80, Expires 11/10/16 (Counterparty - Morgan Stanley & Co. LLC)

    3,660,000      58,560   

USD Put/MXN Call, Strike Price MXN 19.30, Expires 10/18/16 (Counterparty - Morgan Stanley & Co. LLC)

    2,210,000        24,297   
   

 

 

 
      944,602   
   

 

 

 

Forward Volatility Agreements—0.0%

  

 

Call - EUR/USD Straddle, Strike Volatility 9.00%, Expires 12/13/16 (Counterparty - BNP Paribas S.A.) (EUR) (m)

    29,220,000        75,627   

Call - EUR/USD Straddle, Strike Volatility 9.075%, Expires 12/13/16 (Counterparty - Goldman Sachs International) (EUR) (m)

    28,837,000        82,573   

Call - EUR/USD Straddle, Strike Volatility 9.15%, Expires 12/13/16 (Counterparty - BNP Paribas S.A.) (EUR) (m)

    28,799,000        90,422   

Call - EUR/USD Straddle, Strike Volatility 9.20%, Expires 12/13/16 (Counterparty - JPMorgan Chase Bank N.A.) (EUR) (m)

    28,390,000        94,336   
   

 

 

 
      342,958   
   

 

 

 

Interest Rate Swaptions—0.0%

   

Put - OTC - 30 Year Interest Rate Swap, Exercise Rate 2.05%, Expires 11/18/16 (Counterparty - Bank of America N.A.)

    58,250,000        317,689   
   

 

 

 

Options on Exchange-Traded Futures Contracts—0.1%

  

Put - Eurodollar Midcurve 3 Year Futures @ 98.50, Expires 12/16/16

    5,871        1,064,119   

Put - U.S. Treasury Note 10-Year Futures @ 131.00, Expires 10/21/16

    1,334        604,302   
   

 

 

 
      1,668,421   
   

 

 

 

Total Purchased Options
(Cost $4,340,571)

      3,273,670   
   

 

 

 
Short-Term Investments—3.6%   

Certificate of Deposit—2.8%

  

Bank of Tokyo Mitsubishi UFJ, Ltd.
1.431%, 08/17/17

    10,000,000        10,000,000   

BNP Paribas S.A. (NY)
1.530%, 08/17/17

    5,120,000        5,120,000   

Cooperatieve Rabobank UA
1.311%, 08/16/17

    10,000,000        10,000,000   

Credit Industriel et Commercial (NY)
1.411%, 08/16/17

    10,000,000        10,000,000   

Credit Suisse AG
1.584%, 08/16/17

    4,900,000        4,900,000   

1.609%, 08/24/17

    4,990,000        4,990,000   

Norinchukin Bank (NY)
1.200%, 02/22/17

    5,150,000        5,150,000   

 

MSF-44


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Certificate of Deposit—(Continued)

  

Skandinaviska Enskilda Banken AB
1.291%, 08/17/17

    10,000,000      $ 10,000,000   

Sumitomo Mitsui Banking Corp.
1.431%, 08/18/17

    5,200,000        5,200,000   

Sumitomo Mitsui Trust Bank, Ltd.
1.530%, 08/16/17

    10,000,000        10,000,000   

Svenska Handelsbanken AB
1.195%, 02/27/17

    5,200,000        5,200,000   

Swedbank (Sparbank)
1.380%, 08/18/17

    5,120,000        5,120,000   

Toronto-Dominion Bank
1.304%, 08/15/17

    9,860,000        9,860,000   

UBS AG (Stamford)
1.530%, 09/01/17

    5,230,000        5,230,000   

Wells Fargo Bank N.A.
1.343%, 09/22/17

    10,000,000        10,000,000   
   

 

 

 
      110,770,000   
   

 

 

 

Commercial Paper—0.6%

  

BPCE S.A.
1.505%, 08/14/17

    10,050,000        9,919,912   

Mizuho Bank, Ltd.
1.381%, 08/16/17

    9,920,000        9,801,332   

Nordea Bank AB
1.221%, 03/09/17

    5,020,000        4,993,283   
   

 

 

 
      24,714,527   
   

 

 

 

Repurchase Agreement—0.2%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $8,479,797 on 10/03/16, collateralized by $8,140,000 U.S. Treasury Notes with rates ranging from 1.625% - 2.625%, maturity dates ranging from 11/15/20 - 11/30/20, with a value of $8,649,375.

    8,479,775        8,479,775   
   

 

 

 

Total Short-Term Investments
(Cost $143,964,302)

      143,964,302   
   

 

 

 
Securities Lending Reinvestments (n)—1.4%   

Certificates of Deposit—0.2%

  

Abbey National Treasury Services
0.440%, 10/03/16

    500,000        500,000   

ABN AMRO Bank NV
Zero Coupon, 12/22/16

    500,000        498,936   

Bank of Montreal
0.500%, 10/24/16

    1,000,000        1,000,000   

Bank of Nova Scotia
0.750%, 10/19/16

    200,000        200,022   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    200,000        200,000   

Chiba Bank, Ltd., New York
0.870%, 11/30/16

    800,000        800,135   

Certificates of Deposit—(Continued)

  

DZ Bank AG
0.950%, 01/03/17

    1,000,000      1,000,000   

KBC Bank NV
Zero Coupon, 12/27/16

    500,000        499,305   

1.000%, 01/04/17

    1,000,000        1,000,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    800,000        800,001   

National Bank of Canada
0.420%, 10/06/16

    250,000        250,000   

0.480%, 10/28/16

    250,000        249,999   

Norinchukin Bank
0.480%, 10/24/16

    500,000        499,999   

Standard Chartered Bank New York
0.910%, 12/16/16

    100,000        100,008   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    1,000,000        1,000,029   

Swedbank
0.350%, 10/03/16

    800,000        799,998   
   

 

 

 
      9,398,432   
   

 

 

 

Commercial Paper—0.1%

  

Albion Capital Corp.
0.720%, 10/25/16

    200,000        199,936   

BNP Paribas
0.510%, 10/21/16

    500,000        499,874   

Charta LLC
0.880%, 12/22/16

    250,000        249,522   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    500,000        499,731   

Credit Suisse AG
0.971%, 10/19/16

    250,000        249,997   

Kells Funding LLC
1.040%, 01/19/17

    100,000        99,703   

LMA S.A. & LMA Americas
0.580%, 10/14/16

    200,000        199,970   

0.580%, 10/17/16

    150,000        149,964   

Manhattan Asset Funding
0.740%, 11/28/16

    750,000        749,257   

Ridgefield Funding Co. LLC
0.650%, 10/26/16

    350,000        349,823   

Victory Receivables Corp.
1.050%, 01/04/17

    750,000        748,097   
   

 

 

 
      3,995,874   
   

 

 

 

Repurchase Agreements—1.0%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $4,100,319 on 10/03/16, collateralized by $3,874,562 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $4,182,001.

    4,100,000        4,100,000   

 

MSF-45


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (m)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $4,100,285 on 10/03/16, collateralized by $4,025,066 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $4,182,004.

    4,100,000      $ 4,100,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $3,000,125 on 10/03/16, collateralized by $2,916,577 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $3,060,000.

    3,000,000        3,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $3,000,113 on 10/03/16, collateralized by $2,366,400 U.S. Treasury Bond with rates ranging from 3.625% - 3.625%, maturity dates ranging from 08/15/43 - 08/15/43, with a value of $3,060,042.

    3,000,000        3,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $4,100,321 on 10/03/16, collateralized by $3,914,184 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $4,183,749.

    4,100,000        4,100,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $496,535 on 10/03/16, collateralized by $410,214 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $506,446.

    496,515        496,515   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $9,000,525 on 10/03/16, collateralized by $14,396,049 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $9,180,536.

    9,000,000        9,000,000   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $1,700,122 on 10/04/16, collateralized by $1,635,016 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $1,734,000.

    1,700,000        1,700,000   

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $9,000,390 on 10/03/16, collateralized by $12,706,878 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $9,180,000.

    9,000,000      9,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $2,000,077 on 10/03/16, collateralized by $1,872,360 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $2,040,041.

    2,000,000        2,000,000   
   

 

 

 
      40,496,515   
   

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    400,000        400,000   

Canadian Imperial Bank
0.260%, 10/03/16

    2,000,000        2,000,000   

DBS Bank, Ltd., Singapore
0.380%, 10/04/16

    1,000,000        1,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    500,000        500,000   

Royal Bank of Canada
0.280%, 10/03/16

    500,000        500,000   
   

 

 

 
      4,400,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $58,289,961)

      58,290,821   
   

 

 

 

Total Investments—117.5%
(Cost $4,576,248,755) (o)

      4,639,753,211   

Other assets and liabilities (net)—(17.5)%

      (689,816,704
   

 

 

 
Net Assets—100.0%     $ 3,949,936,507   
   

 

 

 

 

* 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 September 30, 2016. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.
(d) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent less than 0.05% of net assets.
(e) All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of September 30, 2016, the value of securities pledged amounted to $267,826,848.

 

MSF-46


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

(f) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2016, the market value of securities pledged was $3,371,702.
(g) Principal amount of security is adjusted for inflation.
(h) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $54,330,215 and the collateral received consisted of cash in the amount of $56,289,449. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(i) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(j) Non-income producing; security is in default and/or issuer is in bankruptcy.
(k) 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 September 30, 2016, the market value of restricted securities was $8, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows.
(l) Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(m) On the strike date of 10/13/16, based on the current volatility level, the option will settle in cash or convert to a two month straddle option using the 10/13/16 spot rate.
(n) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(o) As of September 30, 2016, the aggregate cost of investments was $4,576,248,755. The aggregate unrealized appreciation and depreciation of investments were $95,127,272 and $(31,622,816), respectively, resulting in net unrealized appreciation of $63,504,456.
(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 September 30, 2016, the market value of 144A securities was $638,923,430, which is 16.2% of net assets.
(ACES)— Alternative Credit Enhancement Securities
(ARM)— Adjustable-Rate Mortgage
(AUD)— Australian Dollar
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(MXN)— Mexican Peso
(REMIC)— Real Estate Mortgage Investment Conduit
(TRY)— Turkish Lira

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Knollwood CDO, Ltd., 3.861%, 01/10/39

     02/10/04       $ 809,910       $ 809,910       $ 8   
           

 

 

 

Reverse Repurchase Agreements

 

Counterparty

   Interest
Rate
    Settlement
Date
     Maturity
Date
     Principal
Amount
     Net Closing
Amount
 

Amherst Pierpont Securities LLC

     1.050     09/30/16         10/03/16         USD         24,685,180       $ 24,685,180   

Bank of America N.A.

     1.350     09/30/16         10/03/16         USD         42,000,000         42,000,000   

Bank of America N.A.

     0.890     09/30/16         10/03/16         USD         51,992,657         51,992,657   

Barclays Bank plc

     1.150     09/30/16         10/03/16         USD         75,178,355         75,178,355   

Deutsche Bank AG

     0.300     09/30/16         10/03/16         USD         75,187,500         75,187,500   
                

 

 

 

Total

  

   $ 269,043,692   
                

 

 

 

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

TBA Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     2.500     TBA         (12,225,000   $ (12,613,848   $ (12,662,099

Fannie Mae 15 Yr. Pool

     3.000     TBA         (5,304,000     (5,550,934     (5,568,372

Fannie Mae 15 Yr. Pool

     3.500     TBA         (50,970,000     (53,804,584     (53,733,532

Fannie Mae 15 Yr. Pool

     4.000     TBA         (1,822,000     (1,881,784     (1,880,361

Fannie Mae 30 Yr. Pool

     3.000     TBA         (79,285,500     (82,098,765     (82,404,267

Fannie Mae 30 Yr. Pool

     3.500     TBA         (15,269,000     (16,068,901     (16,111,180

Fannie Mae 30 Yr. Pool

     4.000     TBA         (35,706,000     (38,337,791     (38,347,687

Fannie Mae 30 Yr. Pool

     4.000     TBA         (43,041,000     (46,208,549     (46,171,561

Fannie Mae 30 Yr. Pool

     4.500     TBA         (4,230,000     (4,631,555     (4,632,410

 

MSF-47


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

TBA Forward Sale Commitments—(Continued)

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 30 Yr. Pool

     4.500     TBA         (7,100,000   $ (7,766,836   $ (7,767,536

Fannie Mae 30 Yr. Pool

     5.000     TBA         (3,939,000     (4,367,366     (4,375,137

Fannie Mae 30 Yr. Pool

     5.000     TBA         (4,465,000     (4,958,014     (4,956,237

Fannie Mae 30 Yr. Pool

     6.000     TBA         (2,002,000     (2,295,418     (2,293,421

Freddie Mac 30 Yr. Gold Pool

     4.500     TBA         (228,000     (249,464     (249,375

Ginnie Mae I 30 Yr. Pool

     3.500     TBA         (9,297,000     (9,856,273     (9,883,510

Ginnie Mae I 30 Yr. Pool

     4.500     TBA         (3,100,000     (3,420,656     (3,422,520

Ginnie Mae II 30 Yr. Pool

     4.500     TBA         (8,359,000     (9,021,190     (9,018,379
         

 

 

   

 

 

 

Totals

  

  $ (303,131,928   $ (303,477,584
         

 

 

   

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
BRL     3,628,430      

Bank of America N.A.

       10/04/16           USD         1,130,000         $ (14,298
BRL     3,377,400      

Goldman Sachs International

       10/04/16           USD         1,040,000           (1,487
BRL     3,652,550      

Goldman Sachs International

       10/04/16           USD         1,125,177           (2,059
BRL     3,674,195      

Goldman Sachs International

       10/04/16           USD         1,131,845           (2,071
BRL     3,733,298      

Goldman Sachs International

       10/04/16           USD         1,151,325           (3,377
BRL     4,876,025      

Goldman Sachs International

       10/04/16           USD         1,502,072           (2,748
BRL     5,020,621      

Goldman Sachs International

       10/04/16           USD         1,546,615           (2,830
BRL     5,982,345      

Goldman Sachs International

       10/04/16           USD         1,850,000           (10,495
BRL     6,091,372      

Goldman Sachs International

       10/04/16           USD         1,876,462           (3,433
BRL     22,026,672      

Goldman Sachs International

       10/04/16           USD         6,792,884           (19,927
BRL     3,674,550      

Royal Bank of Scotland plc

       10/04/16           USD         1,100,000           29,883   
BRL     14,172,349      

Royal Bank of Scotland plc

       10/04/16           USD         4,365,827           (7,988
BRL     5,332,500      

UBS AG

       10/04/16           USD         1,642,690           (3,005
BRL     12,776,940      

Royal Bank of Scotland plc

       10/05/16           USD         3,960,000           (32,423
BRL     329,943      

Royal Bank of Scotland plc

       11/03/16           USD         101,117           (525
BRL     14,288,774      

Royal Bank of Scotland plc

       11/03/16           USD         4,376,883           (20,600
BRL     1,544,400      

BNP Paribas S.A.

       12/21/16           USD         450,000           14,233   
BRL     890,298      

Goldman Sachs International

       12/21/16           USD         270,000           (2,384
BRL     631,249      

JPMorgan Chase Bank N.A.

       12/21/16           USD         184,000           5,748   
BRL     302,535      

Nomura International plc

       12/21/16           USD         90,000           939   
BRL     1,192,860      

Royal Bank of Scotland plc

       12/21/16           USD         360,000           (1,437
CAD     2,559,105      

Barclays Bank plc

       10/04/16           USD         1,980,000           (29,372
CAD     2,559,619      

Barclays Bank plc

       10/04/16           USD         1,980,000           (28,979
CAD     594,990      

BNP Paribas S.A.

       12/21/16           USD         450,000           3,775   
CAD     234,801      

Royal Bank of Scotland plc

       12/21/16           USD         180,000           (927
CLP     1,518,095,670      

Credit Suisse International

       10/03/16           USD         2,303,356           5,096   
CLP     1,527,488,130      

Credit Suisse International

       10/03/16           USD         2,247,000           75,734   
CNY     4,715,088      

BNP Paribas S.A.

       11/07/16           USD         705,000           984   
CNY     4,681,107      

Goldman Sachs International

       11/07/16           USD         700,000           896   
CNY     4,714,782      

Goldman Sachs International

       11/07/16           USD         705,000           938   
CNY     5,609,976      

Goldman Sachs International

       11/07/16           USD         839,000           974   
CNY     14,562,399      

Goldman Sachs International

       11/07/16           USD         2,192,000           (11,592
CNY     4,715,931      

Royal Bank of Canada

       11/07/16           USD         705,000           1,110   
COP     1,650,320,000      

Credit Suisse International

       10/03/16           USD         560,000           12,362   
COP     1,650,896,800      

Credit Suisse International

       10/03/16           USD         560,000           12,562   
COP     3,331,787,200      

Credit Suisse International

       10/03/16           USD         1,156,891           (1,364
COP     4,078,900,000      

BNP Paribas S.A.

       10/05/16           USD         1,400,000           14,380   
COP     3,369,800,000      

Royal Bank of Scotland plc

       10/05/16           USD         1,160,000           8,496   
COP     4,067,000,000      

Royal Bank of Scotland plc

       10/05/16           USD         1,400,000           10,254   
EUR     1,255,496      

Citibank N.A.

       10/04/16           USD         1,420,000           (9,639
EUR     2,245,231      

Citibank N.A.

       10/04/16           USD         2,540,000           (17,821
EUR     889,958      

Goldman Sachs International

       10/14/16           USD         1,001,053           (860

 

MSF-48


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
EUR     405,000      

BNP Paribas S.A.

       12/21/16           USD         454,934         $ 1,666   
EUR     72,000      

Royal Bank of Scotland plc

       12/21/16           USD         81,270           (97
EUR     828,000      

Royal Bank of Scotland plc

       12/21/16           USD         934,771           (1,276
EUR     90,000      

Standard Chartered Bank

       12/21/16           USD         100,746           721   
GBP     1,495,127      

Barclays Bank plc

       10/04/16           USD         1,980,000           (42,091
GBP     1,495,181      

JPMorgan Chase Bank N.A.

       10/04/16           USD         1,980,000           (42,022
GBP     203,634      

Citibank N.A.

       12/21/16           USD         266,750           (2,383
GBP     233,039      

Citibank N.A.

       12/21/16           USD         303,987           (1,445
GBP     630,000      

HSBC Bank plc

       12/21/16           USD         815,536           2,358   
GBP     234,000      

JPMorgan Chase Bank N.A.

       12/21/16           USD         309,407           (5,618
GBP     1,290,000      

Royal Bank of Scotland plc

       12/21/16           USD         1,681,465           (6,730
HUF     1,098,323,028      

Citibank N.A.

       10/04/16           USD         3,960,000           45,782   
INR     3,867,440      

Royal Bank of Scotland plc

       10/13/16           USD         58,000           (27
INR     112,086,200      

Standard Chartered Bank

       10/13/16           USD         1,685,000           (4,825
INR     113,097,200      

UBS AG

       10/13/16           USD         1,685,000           10,330   
INR     135,061,300      

UBS AG

       12/23/16           USD         1,990,000           11,501   
JPY     198,589,822      

Barclays Bank plc

       10/04/16           USD         1,980,000           (21,617
JPY     198,607,602      

Barclays Bank plc

       10/04/16           USD         1,980,000           (21,442
JPY     186,401,087      

Royal Bank of Scotland plc

       10/26/16           USD         1,847,000           (7,156
JPY     36,427,680      

BNP Paribas S.A.

       12/21/16           USD         360,000           474   
JPY     22,483,569      

HSBC Bank plc

       12/21/16           USD         220,500           1,989   
JPY     1,969,362,207      

Nomura International plc

       12/21/16           USD         19,655,000           (166,968
JPY     13,772,146      

Northern Trust Co.

       12/21/16           USD         135,000           1,284   
KRW     1,457,055,000      

Morgan Stanley & Co. International plc

       10/20/16           USD         1,290,000           32,838   
KRW     771,545,677      

UBS AG

       10/28/16           USD         697,600           2,835   
KRW     1,801,056,323      

UBS AG

       10/28/16           USD         1,628,000           7,060   
KRW     397,980,000      

BNP Paribas S.A.

       12/21/16           USD         360,000           1,200   
KRW     398,016,000      

Citibank N.A.

       12/21/16           USD         360,000           1,233   
KRW     398,034,000      

HSBC Bank plc

       12/21/16           USD         360,000           1,249   
KRW     402,408,000      

HSBC Bank plc

       12/21/16           USD         360,000           5,219   
KRW     2,044,381,800      

HSBC Bank plc

       12/21/16           USD         1,860,000           (4,551
KRW     1,023,461,280      

JPMorgan Chase Bank N.A.

       12/21/16           USD         909,000           19,878   
MXN     525,706      

Bank of America N.A.

       10/04/16           USD         27,000           113   
MXN     3,594,800      

Bank of America N.A.

       10/04/16           USD         183,333           2,064   
MXN     21,663,400      

Bank of America N.A.

       10/04/16           USD         1,100,000           17,260   
MXN     3,577,275      

Citibank N.A.

       10/04/16           USD         183,333           1,160   
MXN     3,577,660      

Citibank N.A.

       10/04/16           USD         183,333           1,180   
MXN     3,598,083      

Citibank N.A.

       10/04/16           USD         183,333           2,233   
MXN     21,233,231      

JPMorgan Chase Bank N.A.

       10/04/16           USD         1,100,000           (4,925
MXN     3,579,923      

UBS AG

       10/04/16           USD         183,333           1,296   
MXN     3,598,504      

UBS AG

       10/04/16           USD         183,333           2,255   
MXN     43,430,954      

Royal Bank of Scotland plc

       11/04/16           USD         2,227,000           4,812   
MXN     5,514,710      

UBS AG

       12/21/16           USD         288,000           (6,029
MYR     7,616,700      

JPMorgan Chase Bank N.A.

       10/24/16           USD         1,860,000           (20,289
MYR     78,603      

Royal Bank of Scotland plc

       10/24/16           USD         19,000           (15
NOK     2,246,154      

BNP Paribas S.A.

       12/21/16           USD         270,000           11,019   
NOK     5,459,801      

BNP Paribas S.A.

       12/21/16           USD         666,000           17,083   
NOK     1,927,849      

Morgan Stanley & Co. International plc

       12/21/16           USD         234,000           7,196   
NOK     1,493,730      

Royal Bank of Scotland plc

       12/21/16           USD         180,000           6,882   
NZD     319,500      

Royal Bank of Scotland plc

       12/21/16           USD         231,954           (8
NZD     900,000      

Westpac Banking Corp.

       12/21/16           USD         651,227           2,142   
RUB     75,762,000      

Deutsche Bank AG

       10/06/16           USD         1,150,000           55,897   
RUB     351,639,690      

BNP Paribas S.A.

       10/11/16           USD         5,374,905           215,152   
RUB     89,992,277      

JPMorgan Chase Bank N.A.

       10/11/16           USD         1,402,000           28,617   
RUB     69,406,008      

Deutsche Bank AG

       10/20/16           USD         1,066,800           34,481   
RUB     71,262,000      

BNP Paribas S.A.

       10/27/16           USD         1,110,000           19,079   

 

MSF-49


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
RUB     80,937,100      

Deutsche Bank AG

       10/31/16           USD         1,270,000         $ 11,302   
TRY     11,706,552      

Goldman Sachs International

       10/04/16           USD         3,960,000           (59,917
TRY     5,347,936      

Citibank N.A.

       10/18/16           USD         1,789,030           (12,393
TRY     6,117,685      

Citibank N.A.

       10/18/16           USD         2,051,220           (18,865
TRY     4,663,255      

Deutsche Bank AG

       10/18/16           USD         1,556,260           (7,081
TRY     322,827      

HSBC Bank plc

       10/18/16           USD         107,955           (709
TRY     2,566,450      

JPMorgan Chase Bank N.A.

       10/18/16           USD         855,655           (3,055
TRY     2,842,314      

JPMorgan Chase Bank N.A.

       10/18/16           USD         947,028           (2,783
TWD     69,130,800      

BNP Paribas S.A.

       10/12/16           USD         2,220,000           (14,107
TWD     34,809,600      

Bank of America N.A.

       10/12/16           USD         1,110,000           739   
TWD     35,175,900      

HSBC Bank plc

       10/13/16           USD         1,110,000           12,457   
ZAR     54,184,937      

Barclays Bank plc

       10/04/16           USD         3,960,000           (11,380
ZAR     5,080,320      

BNP Paribas S.A.

       12/21/16           USD         360,000           4,667   
ZAR     6,657,300      

HSBC Bank plc

       12/21/16           USD         450,000           27,862   
ZAR     3,190,269      

UBS AG

       12/21/16           USD         216,000           12,998   

Contracts to Deliver

                                        
AUD     900,000      

Goldman Sachs International

       12/21/16           USD         687,938           323   
AUD     288,000      

Goldman Sachs International

       12/21/16           USD         214,777           (5,259
AUD     180,000      

Goldman Sachs International

       12/21/16           USD         135,577           (1,946
AUD     360,000      

Royal Bank of Scotland plc

       12/21/16           USD         276,085           1,039   
BRL     3,628,430      

Bank of America N.A.

       10/04/16           USD         1,117,747           2,045   
BRL     22,026,672      

Goldman Sachs International

       10/04/16           USD         6,785,371           12,414   
BRL     6,091,372      

Goldman Sachs International

       10/04/16           USD         1,876,000           2,971   
BRL     5,982,345      

Goldman Sachs International

       10/04/16           USD         1,842,876           3,372   
BRL     5,020,621      

Goldman Sachs International

       10/04/16           USD         1,511,325           (32,460
BRL     4,876,025      

Goldman Sachs International

       10/04/16           USD         1,490,000           (9,324
BRL     3,733,298      

Goldman Sachs International

       10/04/16           USD         1,150,052           2,104   
BRL     3,674,195      

Goldman Sachs International

       10/04/16           USD         1,130,000           226   
BRL     3,652,550      

Goldman Sachs International

       10/04/16           USD         1,100,000           (23,119
BRL     3,377,400      

Goldman Sachs International

       10/04/16           USD         1,040,416           1,904   
BRL     14,172,349      

Royal Bank of Scotland plc

       10/04/16           USD         4,376,883           19,044   
BRL     3,674,550      

Royal Bank of Scotland plc

       10/04/16           USD         1,131,954           2,071   
BRL     5,332,500      

UBS AG

       10/04/16           USD         1,580,000           (59,685
BRL     6,460,740      

Credit Suisse International

       10/05/16           USD         1,980,000           (6,004
BRL     6,462,720      

Deutsche Bank AG

       10/05/16           USD         1,980,000           (6,612
BRL     1,474,785      

BNP Paribas S.A.

       12/21/16           USD         450,000           6,693   
BRL     1,480,815      

Royal Bank of Scotland plc

       12/21/16           USD         450,000           4,880   
CAD     5,115,528      

Goldman Sachs International

       10/04/16           USD         3,960,000           60,787   
CAD     284,613      

Goldman Sachs International

       12/21/16           USD         216,000           (1,063
CAD     712,444      

Royal Bank of Scotland plc

       12/21/16           USD         540,000           (3,352
CLP     1,527,488,130      

Credit Suisse International

       10/03/16           USD         2,317,607           (5,128
CLP     1,518,095,670      

Credit Suisse International

       10/03/16           USD         2,247,000           (61,452
CLP     1,128,735,600      

Credit Suisse International

       10/17/16           USD         1,668,000           (46,772
CLP     16,525,000      

Royal Bank of Scotland plc

       10/17/16           USD         25,000           (105
CNY     60,305,616      

Deutsche Bank AG

       11/07/16           USD         9,135,000           105,524   
CNY     2,446,851      

Morgan Stanley & Co. International plc

       11/07/16           USD         366,000           (364
CNY     103,152,137      

HSBC Bank plc

       12/21/16           USD         15,329,000           (92,558
COP     3,331,787,200      

Credit Suisse International

       10/03/16           USD         1,120,000           (35,526
COP     1,650,896,800      

Credit Suisse International

       10/03/16           USD         573,238           676   
COP     1,650,320,000      

Credit Suisse International

       10/03/16           USD         573,038           676   
COP     7,515,860,000      

Royal Bank of Scotland plc

       10/05/16           USD         2,540,000           (66,164
COP     4,203,910,000      

Standard Chartered Bank

       10/05/16           USD         1,420,000           (37,728
COP     3,837,750,000      

Royal Bank of Scotland plc

       10/18/16           USD         1,290,000           (37,447
EUR     3,532,403      

Credit Suisse International

       10/04/16           USD         3,960,000           (8,122
EUR     418,000      

HSBC Bank plc

       10/05/16           USD         467,642           (1,939

 

MSF-50


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
EUR     21,427,000      

Royal Bank of Scotland plc

       10/05/16           USD         23,902,590         $ (168,519
EUR     120,000      

Royal Bank of Scotland plc

       10/05/16           USD         134,856           48   
EUR     51,000      

Standard Chartered Bank

       10/05/16           USD         57,191           (102
EUR     1,681,323      

Bank of America N.A.

       10/14/16           USD         1,884,887           (4,695
EUR     853,577      

Bank of America N.A.

       10/14/16           USD         969,819           10,513   
EUR     559,713      

Bank of America N.A.

       10/14/16           USD         625,118           (3,925
EUR     241,746      

Bank of America N.A.

       10/14/16           USD         274,718           3,028   
EUR     113,298      

Bank of America N.A.

       10/14/16           USD         128,472           1,140   
EUR     282,189      

Citibank N.A.

       10/14/16           USD         315,922           (1,220
EUR     299,907      

Deutsche Bank AG

       10/14/16           USD         337,139           83   
EUR     103,643      

Deutsche Bank AG

       10/14/16           USD         116,610           128   
EUR     126,875      

Goldman Sachs International

       10/14/16           USD         141,966           (624
EUR     570,325      

Morgan Stanley & Co. International plc

       10/14/16           USD         644,832           3,863   
EUR     193,343      

Morgan Stanley & Co. International plc

       10/14/16           USD         218,603           1,311   
EUR     22,117,000      

Royal Bank of Scotland plc

       11/03/16           USD         24,826,333           (53,453
EUR     225,000      

BNP Paribas S.A.

       12/21/16           USD         253,879           212   
EUR     180,000      

BNP Paribas S.A.

       12/21/16           USD         203,254           321   
EUR     1,374,353      

Morgan Stanley & Co. International plc

       12/21/16           USD         1,551,025           1,567   
EUR     51,002      

Morgan Stanley & Co. International plc

       12/21/16           USD         57,532           33   
EUR     360,000      

Royal Bank of Scotland plc

       12/21/16           USD         403,974           (1,893
EUR     612,000      

UBS AG

       12/21/16           USD         691,133           1,159   
GBP     3,060,292      

Deutsche Bank AG

       10/04/16           USD         3,960,000           (6,596
GBP     702,000      

Royal Bank of Scotland plc

       10/05/16           USD         920,604           10,685   
GBP     1,280,000      

Morgan Stanley & Co. International plc

       10/19/16           USD         1,692,041           32,432   
GBP     1,290,000      

Bank of America N.A.

       12/21/16           USD         1,707,048           32,314   
GBP     888,296      

Bank of America N.A.

       12/21/16           USD         1,175,301           22,077   
GBP     693,000      

Bank of America N.A.

       12/21/16           USD         918,666           18,983   
GBP     180,000      

Citibank N.A.

       12/21/16           USD         235,701           2,017   
GBP     540,000      

HSBC Bank plc

       12/21/16           USD         703,136           2,084   
GBP     180,000      

HSBC Bank plc

       12/21/16           USD         234,803           1,119   
GBP     270,000      

JPMorgan Chase Bank N.A.

       12/21/16           USD         353,338           2,812   
HUF     1,079,555,400      

Goldman Sachs International

       10/04/16           USD         3,960,000           22,667   
IDR     103,282,640,407      

BNP Paribas S.A.

       10/13/16           USD         7,895,019           (7,702
IDR     14,317,664,041      

Deutsche Bank AG

       10/21/16           USD         1,070,240           (24,028
IDR     43,134,598,447      

JPMorgan Chase Bank N.A.

       12/21/16           USD         3,237,118           (29,335
INR     112,945,550      

BNP Paribas S.A.

       10/13/16           USD         1,685,000           (8,056
JPY     399,736,260      

Goldman Sachs International

       10/04/16           USD         3,960,000           18,022   
JPY     1,822,095      

Barclays Bank plc

       12/21/16           USD         18,000           (31
KRW     1,448,025,000      

JPMorgan Chase Bank N.A.

       10/20/16           USD         1,290,000           (24,640
KRW     2,563,974,000      

Standard Chartered Bank

       10/28/16           USD         2,325,600           (2,063
KRW     255,247,200      

BNP Paribas S.A.

       12/21/16           USD         234,000           2,342   
KRW     2,623,625,640      

Deutsche Bank AG

       12/21/16           USD         2,325,600           (55,562
KRW     691,803,000      

HSBC Bank plc

       12/21/16           USD         630,000           2,130   
KRW     510,344,640      

Standard Chartered Bank

       12/21/16           USD         468,000           4,819   
MXN     21,657,148      

Citibank N.A.

       10/04/16           USD         1,100,000           (16,938
MXN     3,557,160      

Citibank N.A.

       12/21/16           USD         180,000           (1,880
MXN     4,710,657      

JPMorgan Chase Bank N.A.

       12/21/16           USD         243,000           2,141   
MXN     97,069,778      

Royal Bank of Scotland plc

       12/21/16           USD         5,008,011           44,767   
MXN     5,661,765      

Royal Bank of Scotland plc

       12/21/16           USD         306,000           16,510   
NOK     7,302,713      

Citibank N.A.

       12/21/16           USD         900,000           (13,652
NOK     5,843,592      

Citibank N.A.

       12/21/16           USD         720,000           (11,099
NZD     18,000      

Credit Suisse International

       12/21/16           USD         13,381           314   
NZD     720,000      

Westpac Banking Corp.

       12/21/16           USD         526,590           3,895   
RUB     75,164,000      

BNP Paribas S.A.

       10/06/16           USD         1,150,000           (46,378
RUB     119,356,514      

Deutsche Bank AG

       10/11/16           USD         1,818,905           (78,520
SAR     49,208,228      

BNP Paribas S.A.

       11/23/16           USD         12,902,000           (197,072
SAR     49,930,847      

Citibank N.A.

       11/23/16           USD         13,098,333           (193,098

 

MSF-51


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
SAR     36,807,843      

Citibank N.A.

       11/23/16           USD         9,685,000         $ (113,129
TRY     5,896,921      

BNP Paribas S.A.

       10/04/16           USD         1,980,000           15,418   
TRY     5,895,969      

Deutsche Bank AG

       10/04/16           USD         1,980,000           15,735   
TRY     6,231,891      

Bank of America N.A.

       10/05/16           USD         2,089,268           13,516   
TRY     3,933,696      

Goldman Sachs International

       10/05/16           USD         1,318,829           8,572   
TRY     10,754,128      

Citibank N.A.

       10/18/16           USD         3,620,309           47,681   
TRY     11,106,338      

Morgan Stanley & Co. International plc

       10/18/16           USD         3,737,086           47,450   
TWD     34,787,400      

Morgan Stanley & Co. International plc

       10/12/16           USD         1,110,000           (30
TWD     35,142,600      

HSBC Bank plc

       10/13/16           USD         1,110,000           (11,395
TWD     2,107,717      

JPMorgan Chase Bank N.A.

       10/21/16           USD         67,264           (8
TWD     53,424,664      

Morgan Stanley & Co. International plc

       10/21/16           USD         1,686,736           (18,408
ZAR     28,258,461      

Bank of America N.A.

       10/04/16           USD         1,980,000           (79,279
ZAR     28,244,253      

Credit Suisse International

       10/04/16           USD         1,980,000           (78,244
ZAR     7,595,792      

Goldman Sachs International

       10/26/16           USD         555,000           3,781   
ZAR     7,590,898      

Morgan Stanley & Co. International plc

       10/26/16           USD         555,000           4,136   
ZAR     6,506,325      

BNP Paribas S.A.

       12/21/16           USD         450,000           (17,025
ZAR     5,129,910      

BNP Paribas S.A.

       12/21/16           USD         360,000           (8,226
ZAR     5,012,005      

Goldman Sachs International

       12/21/16           USD         360,000           237   
ZAR     3,080,356      

JPMorgan Chase Bank N.A.

       12/21/16           USD         211,500           (9,609

Cross Currency Contracts to Buy

                                 
EUR     198,000      

Citibank N.A.

       12/21/16           SEK         1,885,910           2,520   
EUR     4,500      

Standard Chartered Bank

       12/21/16           SEK         42,970           45   
SEK     170,982      

Goldman Sachs International

       12/21/16           EUR         18,000           (284
                      

 

 

 

Net Unrealized Depreciation

  

     $ (1,052,989
                      

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

U.S. Treasury Long Bond Futures

     12/20/16         521        USD         88,147,649      $ (538,243

U.S. Treasury Note 5 Year Futures

     12/30/16         2,042        USD         247,435,520        699,386   

U.S. Treasury Ultra Long Bond Futures

     12/20/16         296        USD         55,219,784        (792,784

Futures Contracts—Short

                                

90 Day Eurodollar Futures

     12/18/17         (114     USD         (28,195,020     (1,455

Euro-Bobl Futures

     12/08/16         (5     EUR         (658,386     (2,319

Euro-Bund Futures

     12/08/16         (142     EUR         (23,370,415     (178,596

U.S. Treasury Note 10 Year Futures

     12/20/16         (454     USD         (59,551,244     20,495   

U.S. Treasury Note 2 Year Futures

     12/30/16         (1,512     USD         (330,321,635     (3,115

United Kingdom Long Gilt Bond Futures

     12/28/16         (144     GBP         (18,776,780     26,935   
            

 

 

 

Net Unrealized Depreciation

  

  $ (769,696
            

 

 

 

Written Options

 

Foreign Currency Written Options

  Strike
Price
    

Counterparty

  Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

AUD Put/USD Call

  USD      0.750       Deutsche Bank AG     10/20/16        (52,890,000   $ (713,399   $ (99,012   $ 614,387   

USD Call/BRL Put

  BRL      3.500       Goldman Sachs International     10/20/16        (1,180,000     (9,373     (1,422     7,951   

USD Call/CNH Put

  CNH      7.100       Deutsche Bank AG     12/15/16        (2,869,000     (33,280     (2,008     31,272   

USD Call/JPY Put

  JPY      105.000       Deutsche Bank AG     10/20/16        (1,060,600     (40,303     (58,872     (18,569

USD Call/KRW Put

  KRW      1,170.000       HSBC Bank plc     10/20/16        (4,020,000     (22,088     (1,138     20,950   

 

MSF-52


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Written Options—(Continued)

 

Foreign Currency Written Options

  Strike
Price
    

Counterparty

  Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

USD Call/KRW Put

  KRW      1,160.000       Deutsche Bank AG     11/15/16        (3,640,000   $ (33,233   $ (12,237   $ 20,996   

USD Call/MXN Put

  MXN      20.000       Goldman Sachs International     10/27/16        (3,210,000     (36,218     (25,359     10,859   

USD Call/MXN Put

  MXN      20.000       Goldman Sachs International     11/08/16        (4,020,000     (24,876     (48,642     (23,766

USD Call/MXN Put

  MXN      20.000       Goldman Sachs International     11/16/16        (3,180,000     (20,651     (62,964     (42,313

USD Call/MXN Put

  MXN      21.500       Deutsche Bank AG     11/23/16        (3,600,000     (31,068     (26,392     4,676   

USD Call/RUB Put

  RUB      66.500       Societe Generale     10/07/16        (1,040,000     (24,024     (520     23,504   

USD Put/INR Call

  INR      66.500       Morgan Stanley & Co. LLC     11/10/16        (2,010,000     (9,104     (8,242     862   

USD Put/MXN Call

  MXN      18.100       Goldman Sachs International     11/16/16        (2,420,000     (20,381     (14,486     5,895   

USD Put/RUB Call

  RUB      65.000       Societe Generale     10/07/16        (1,040,000     (15,704     (35,568     (19,864
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (1,033,702   $ (396,862   $ 636,840   
             

 

 

   

 

 

   

 

 

 

 

Options on Exchange-Traded Futures Contracts

   Strike
Price
     Expiration
Date
     Number of
Contracts
    Premiums
Received
    Market
Value
    Unrealized
Appreciation
 

Put - Eurodollar Midcurve 3 Year Futures

   $ 98.000         12/16/16         (5,871   $ (245,035   $ (110,081     134,954   
          

 

 

   

 

 

   

 

 

 

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      11.375   01/02/20    JPMorgan Chase Bank N.A.      BRL         744,258      $ (194   $      $ (194

Pay

   1-Day CDI      11.495   01/02/19    Bank of America N.A.      BRL         5,440,062        (1,255            (1,255

Pay

   1-Day CDI      11.650   01/02/20    Citibank N.A.      BRL         11,417,235        13,520               13,520   

Pay

   1-Day CDI      11.680   01/02/20    Bank of America N.A.      BRL         14,258,907        31,930               31,930   

Pay

   1-Day CDI      11.875   01/02/20    JPMorgan Chase Bank N.A.      BRL         10,908,458        29,590               29,590   

Pay

   1-Day CDI      11.930   01/02/20    JPMorgan Chase Bank N.A.      BRL         11,090,241        33,534               33,534   

Pay

   1-Day CDI      12.020   01/02/19    Bank of America N.A.      BRL         13,791,455        36,135               36,135   

Pay

   1-Day CDI      12.030   01/02/19    Bank of America N.A.      BRL         14,189,924        38,142               38,142   

Pay

   1-Day CDI      12.240   01/02/19    Bank of America N.A.      BRL         26,565,242        61,294               61,294   

Pay

   1-Day CDI      12.285   01/02/19    Bank of America N.A.      BRL         13,067,758        42,979               42,979   

Pay

   1-Day CDI      12.305   01/02/19    JPMorgan Chase Bank N.A.      BRL         7,249,381        19,332               19,332   

Pay

   1-Day CDI      12.462   01/02/19    Bank of America N.A.      BRL         13,095,515        41,024               41,024   

Pay

   1-Day CDI      12.520   01/02/19    JPMorgan Chase Bank N.A.      BRL         13,086,872        64,974               64,974   

Pay

   1-Day COLIBOR      6.900   07/29/26    JPMorgan Chase Bank N.A.      COP         8,150,992,449        91,185               91,185   

Pay

   1-Day COLIBOR      7.000   07/22/26    Credit Suisse International      COP         1,529,085,671        21,157               21,157   

Pay

   1-Day COLIBOR      7.050   07/22/26    Credit Suisse International      COP         1,529,085,671        23,166               23,166   

Pay

   28-Day TIIE      6.270   12/05/25    Bank of America N.A.      MXN         2,209,451        (760            (760

Pay

   28-Day TIIE      6.320   07/17/25    Morgan Stanley Capital Services, LLC      MXN         40,086,000        (2,791            (2,791

Pay

   28-Day TIIE      6.325   07/17/25    Citibank N.A.      MXN         19,973,500        (1,103            (1,103

Pay

   28-Day TIIE      6.330   08/06/25    Citibank N.A.      MXN         59,593,000        (3,085            (3,085

Pay

   3M KWCDC      1.920   11/10/17    Deutsche Bank AG      KRW         6,513,071,110        47,260               47,260   

Pay

   7-Day China
Fixing Repo
Rates
     2.750   05/12/21    Bank of America N.A.      CNY         8,420,000        197               197   

Pay

   7-Day China
Fixing Repo
Rates
     2.750   05/12/21    Bank of America N.A.      CNY         5,255,000        (100            (100

Pay

   7-Day China
Fixing Repo
Rates
     2.750   05/12/21    Bank of America N.A.      CNY         10,510,000        (200            (200

Pay

   7-Day China
Fixing Repo
Rates
     2.750   05/12/21    Bank of America N.A.      CNY         10,510,000        (200            (200

 

MSF-53


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Swap Agreements—(Continued)

 

Pay/Receive
Floating Rate

   Floating
Rate Index
   Fixed
Rate
    Maturity
Date
  

Counterparty

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

Receive

   1-Day CDI      12.850   07/03/17    JPMorgan Chase Bank N.A.      BRL         1,254,878      $ 80      $      $ 80   

Receive

   1-Day CDI      12.930   07/03/17    Citibank N.A.      BRL         33,769,975        (1,316            (1,316

Receive

   1-Day CDI      13.110   07/03/17    Citibank N.A.      BRL         20,271,357        (5,468            (5,468

Receive

   1-Day CDI      13.130   07/03/17    Bank of America N.A.      BRL         16,890,391        (6,665            (6,665

Receive

   28-Day TIIE      4.300   12/07/17    Bank of America N.A.      MXN         12,027,855        9,621               9,621   

Receive

   28-Day TIIE      4.550   03/21/18    Barclays Bank plc      MXN         26,793,819        22,707               22,707   

Receive

   28-Day TIIE      4.700   12/06/18    Bank of America N.A.      MXN         8,147,763        9,697               9,697   

Receive

   28-Day TIIE      4.760   12/06/18    Citibank N.A.      MXN         8,147,763        9,169               9,169   

Receive

   28-Day TIIE      4.770   12/05/18    Citibank N.A.      MXN         8,147,763        9,071               9,071   

Receive

   28-Day TIIE      4.850   11/01/18    Bank of America N.A.      MXN         22,482,829        21,709               21,709   

Receive

   28-Day TIIE      6.307   08/11/25    Deutsche Bank AG      MXN         74,533,884        9,651               9,651   

Receive

   28-Day TIIE      6.310   08/11/25    Bank of America N.A.      MXN         20,079,000        2,522               2,522   

Receive

   28-Day TIIE      6.310   08/11/25    Bank of America N.A.      MXN         20,079,000        2,522               2,522   

Receive

   3M KWCDC      1.690   11/10/17    Deutsche Bank AG      KRW         6,513,071,110        (30,611            (30,611

Receive

   3M LIBOR      1.758   06/25/22    JPMorgan Chase Bank N.A.      USD         18,000,000        (536,697            (536,697
                  

 

 

   

 

 

   

 

 

 

Totals

 

  $ 101,723      $      $ 101,723   
                  

 

 

   

 

 

   

 

 

 

Centrally Cleared Interest Rate Swaps

 

Pay/Receive Floating Rate

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

Pay

   3M LIBOR    1.019%   09/30/18      USD         579,607,000       $ (74,827

Pay

   3M LIBOR    2.131%   08/25/25      USD         1,285,000         79,420   

Receive

   3M LIBOR    0.648%   11/26/16      USD         14,540,000         4,270   

Receive

   3M LIBOR    1.256%   01/12/17      USD         223,619,000         (253,785

Receive

   3M LIBOR    1.311%   08/15/23      USD         78,164,000         (1,242

Receive

   3M LIBOR    1.749%   02/15/36      USD         30,471,000         (96,008

Receive

   3M LIBOR    2.272%   09/11/25      USD         955,000         (70,607

Receive

   3M LIBOR    2.383%   07/10/25      USD         72,000,000         (5,863,191
                

 

 

 

Net Unrealized Depreciation

  

   $ (6,275,970
                

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Buy Protection (a)

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
    

Implied Credit
Spread at
September 30,

2016(b)

   Notional
Amount(c)
     Unrealized
Depreciation
 

ITRAXX.XO.26.V1

     (5.000%)         12/20/21       3.298%      EUR         120,000       $ (383)   
                 

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (d)

 

Reference Obligation

   Fixed Deal
Receive Rate
     Maturity
Date
    

Implied Credit
Spread at
September 30,
2016(b)

   Notional
Amount(c)
     Unrealized
Appreciation
 

CDX.NA.HY.27.V1

     5.000%         12/20/21       4.013%      USD         82,542,000       $ 715,058   

CDX.NA.IG.27.V1

     1.000%         12/20/21       0.747%      USD         122,723,000         334,855   
                 

 

 

 

Net Unrealized Appreciation

  

   $ 1,049,913   
                 

 

 

 

 

MSF-54


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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
September 30,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Australia & New Zealand Banking Group, Ltd.
0.242%, due 10/28/19

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     0.613%        USD        2,662,000      $ (47,252)      $ 28,515      $ (75,767)   

Australia & New Zealand Banking Group, Ltd.
0.242%, due 10/28/19

    (1.000%)        12/20/21      BNP Paribas S.A.     0.676%        USD        13,953,187        (228,067)        (237,511)        9,444   

Australia & New Zealand Banking Group, Ltd.
0.242%, due 10/28/19

    (1.000%)        12/20/21      JPMorgan Chase Bank N.A.     0.676%        USD        4,766,813        (77,915)        (81,141)        3,226   

Colombia Government International Bond
4.00%, due 02/26/24

    (1.000%)        12/20/21      Barclays Bank plc     1.664%        USD        1,075,000        35,254        41,587        (6,333)   

Colombia Government International Bond
4.00%, due 02/26/24

    (1.000%)        12/20/21      Barclays Bank plc     1.664%        USD        1,074,000        35,221        42,558        (7,337)   

Colombia Government International Bond
4.00%, due 02/26/24

    (1.000%)        12/20/21      Citibank N.A.     1.664%        USD        916,000        30,039        36,297        (6,258)   

Colombia Government International Bond
4.00%, due 02/26/24

    (1.000%)        12/20/21      Morgan Stanley Capital Services, LLC     1.664%        USD        1,095,000        35,910        40,083        (4,173)   

Commonwealth Bank of Australia
4.375%, due 02/25/20

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     0.614%        USD        3,250,000        (57,448)        (38,213)        (19,235)   

Commonwealth Bank of Australia
4.375%, due 02/25/20

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     0.614%        USD        4,080,000        (72,119)        (47,972)        (24,147)   

Commonwealth Bank of Australia
4.375%, due 02/25/20

    (1.000%)        12/20/21      Deutsche Bank AG     0.677%        USD        2,238,968        (36,428)        (35,917)        (511)   

Commonwealth Bank of Australia
4.375%, due 02/25/20

    (1.000%)        12/20/21      JPMorgan Chase Bank N.A.     0.677%        USD        6,337,401        (103,109)        (98,447)        (4,662)   

Federation of Malaysia
5.625%, due 03/15/16

    (1.000%)        12/20/21      Barclays Bank plc     1.215%        USD        2,309,420        24,569        45,190        (20,621)   

Federation of Malaysia
5.625%, due 03/15/16

    (1.000%)        12/20/21      Barclays Bank plc     14.137%        USD        146,591        1,643        1,643          

Federation of Malaysia
5.625%, due 03/15/16

    (1.000%)        12/20/21      Citibank N.A.     1.215%        USD        106,989        1,138        2,106        (968)   

Federation of Russia
7.500%, due 03/31/30

    (1.000%)        12/20/21      JPMorgan Chase Bank N.A.     2.169%        USD        955,000        54,421        59,488        (5,067)   

HSBC Bank plc
3.750%, due 11/30/16

    (1.000%)        12/20/21      BNP Paribas S.A.     0.776%        EUR        9,381,000        (122,408)        (109,221)        (13,187)   

HSBC Bank plc
3.750%, due 11/30/16

    (1.000%)        12/20/21      Bank of America N.A.     0.776%        EUR        1,086,000        (14,170)        (17,047)        2,877   

HSBC Bank plc
3.750%, due 11/30/16

    (1.000%)        12/20/21      Credit Suisse International     0.776%        EUR        7,874,000        (102,743)        (118,489)        15,746   

Loews Corp.
6.000%, due 02/01/35

    (1.000%)        12/20/20      Barclays Bank plc     0.272%        USD        2,145,000        (64,862)        (75,932)        11,070   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        06/20/20      JPMorgan Chase Bank N.A.     1.240%        USD        3,824,276        33,104        33,406        (302)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        09/20/20      Bank of America N.A.     1.305%        USD        3,824,276        44,757        50,241        (5,484)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      BNP Paribas S.A.     1.648%        USD        2,213,000        70,672        74,203        (3,531)   

 

MSF-55


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 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
September 30,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      BNP Paribas S.A.     1.648%        USD        2,213,000      $ 70,672      $ 76,828      $ (6,156)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Barclays Bank plc     1.648%        USD        806,000        25,740        28,711        (2,971)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Barclays Bank plc     1.648%        USD        490,000        15,648        17,802        (2,154)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Citibank N.A.     1.648%        USD        1,107,000        35,352        41,559        (6,207)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Citibank N.A.     1.648%        USD        1,107,000        35,352        42,608        (7,256)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Citibank N.A.     1.648%        USD        1,106,000        35,320        42,570        (7,250)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Citibank N.A.     1.648%        USD        1,106,000        35,320        42,570        (7,250)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Citibank N.A.     1.648%        USD        482,000        15,393        17,966        (2,573)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Morgan Stanley Capital Services, LLC     1.648%        USD        1,156,000        36,917        39,307        (2,390)   

Mexico Government International Bond
5.950%, due 03/19/19

    (1.000%)        12/20/21      Morgan Stanley Capital Services, LLC     1.648%        USD        1,156,000        36,917        39,033        (2,116)   

National Australia Bank, Ltd.
2.400%, due 12/09/19

    (1.000%)        12/20/21      BNP Paribas S.A.     0.677%        USD        5,060,000        (82,326)        (78,640)        (3,686)   

Prudential Financial, Inc.
7.375%, due 06/15/19

    (1.000%)        12/20/21      Citibank N.A.     1.141%        USD        7,537,000        52,951        73,550        (20,599)   

Republic of Argentina
7.625%, due 04/22/46

    (5.000%)        12/20/21      Bank of America N.A.     3.847%        USD        371,750        (19,997)        (17,895)        (2,102)   

Republic of Argentina
7.625%, due 04/22/46

    (5.000%)        12/20/21      Citibank N.A.     3.847%        USD        4,946,250        (266,075)        (108,752)        (157,323)   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.056%        USD        2,056,574        5,252        16,638        (11,386)   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.056%        USD        525,930        1,343        2,955        (1,612)   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        06/20/21      JPMorgan Chase Bank N.A.     1.056%        USD        144,187        369        898        (529)   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      BNP Paribas S.A.     1.162%        USD        559,951        4,502        1,638        2,864   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Bank of America N.A.     1.162%        USD        823,981        7,245        7,245          

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Barclays Bank plc     1.162%        USD        9,549,961        76,780        37,560        39,220   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Barclays Bank plc     1.162%        USD        2,715,488        21,832        11,940        9,892   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Barclays Bank plc     1.162%        USD        1,513,766        12,170        10,905        1,265   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Barclays Bank plc     1.162%        USD        946,103        7,606        3,698        3,908   

 

MSF-56


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 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
September 30,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Barclays Bank plc     1.162%        USD        756,883      $ 6,086      $ 2,959      $ 3,127   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Barclays Bank plc     1.162%        USD        378,441        3,042        1,479        1,563   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Citibank N.A.     1.162%        USD        2,277,553        17,816        17,816          

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Citibank N.A.     1.162%        USD        1,096,630        8,817        7,631        1,186   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      Citibank N.A.     1.162%        USD        536,624        4,315        1,321        2,994   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      JPMorgan Chase Bank N.A.     1.162%        USD        2,135,637        17,171        5,257        11,914   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      JPMorgan Chase Bank N.A.     1.162%        USD        1,005,193        8,082        4,420        3,662   

Republic of Philippines
10.625%, due 03/16/25

    (1.000%)        12/20/21      UBS AG     1.162%        USD        934,409        7,512        3,652        3,860   

Republic of South Africa
5.500%, due 03/09/20

    (1.000%)        12/20/21      BNP Paribas S.A.     2.530%        USD        2,045,000        151,036        164,811        (13,775)   

Republic of South Africa
5.500%, due 03/09/20

    (1.000%)        12/20/21      Bank of America N.A.     2.530%        USD        1,965,000        145,128        151,674        (6,546)   

Republic of South Africa
5.500%, due 03/09/20

    (1.000%)        12/20/21      Barclays Bank plc     2.530%        USD        11,830,000        873,719        907,869        (34,150)   

Republic of South Africa
5.500%, due 03/09/20

    (1.000%)        12/20/21      Citibank N.A.     2.530%        USD        4,815,000        355,618        371,659        (16,041)   

Republic of South Africa
5.500%, due 03/09/20

    (1.000%)        12/20/21      Goldman Sachs International     2.530%        USD        1,202,000        88,775        92,245        (3,470)   

Republic of South Africa
5.500%, due 03/09/20

    (1.000%)        12/20/21      JPMorgan Chase Bank N.A.     2.530%        USD        4,990,000        368,543        385,167        (16,624)   

Standard Chartered Bank
0.431%, due 09/04/17

    (1.000%)        12/20/21      BNP Paribas S.A.     1.207%        EUR        7,293,000        86,785        70,048        16,737   

Standard Chartered Bank
0.431%, due 09/04/17

    (1.000%)        12/20/21      Citibank N.A.     1.207%        EUR        12,383,000        147,354        137,122        10,232   

Valero Energy Corp.
8.750%, due 06/15/30

    (1.000%)        12/20/20      Morgan Stanley Capital Services, LLC     1.126%        USD        2,145,000        11,025        51,754        (40,729)   
             

 

 

   

 

 

   

 

 

 

Totals

 

  $ 1,905,314      $ 2,323,005      $ (417,691)   
             

 

 

   

 

 

   

 

 

 

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
September 30,
2016(b)
     Notional
Amount(c)
     Market
Value
     Upfront
Premium
Paid/
(Received)
     Unrealized
Appreciation/
(Depreciation)
 

Fiat Industrial Finance Europe S.A. 6.250%, due 03/09/18

     5.000%         12/20/20       BNP Paribas S.A.      2.201%         EUR         21,277       $ 2,721       $ 2,368       $ 353   

Mexico Government International Bond 5.950%, due 03/19/19

     1.000%         06/20/20       Bank of America N.A.      1.240%         USD         3,824,276         (33,104)         (38,756)         5,652   

Mexico Government International Bond 5.950%, due 03/19/19

     1.000%         09/20/20       JPMorgan Chase Bank N.A.      1.305%         USD         3,824,276         (44,757)         (43,741)         (1,016)   
                    

 

 

    

 

 

    

 

 

 

Totals 

  

   $ (75,140)       $ (80,129)       $ 4,989   
                    

 

 

    

 

 

    

 

 

 

 

MSF-57


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

OTC Credit Default Swaps on Credit Indices—Buy Protection (a)

 

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.AAA.V8

    (0.500%)        10/17/57      Credit Suisse International     0.000%        USD        990,000      $ 24,085      $ 44,956      $ (20,871)   

CMBX.NA.AAA.V9

    (0.500%)        09/17/58      Goldman Sachs International     0.000%        USD        3,100,000        113,904        101,090        12,814   

CMBX.NA.BBB.V6

    (3.000%)        05/11/63      JPMorgan Chase Bank N.A.     0.000%        USD        340,000        30,529        22,466        8,063   

CMBX.NA.BBB.V6

    (3.000%)        05/11/63      JPMorgan Chase Bank N.A.     0.000%        USD        340,000        30,529        22,466        8,063   

CMBX.NA.BBB.V6

    (3.000%)        05/11/63      Morgan Stanley Capital Services, LLC     0.000%        USD        340,000        30,529        20,627        9,902   
             

 

 

   

 

 

   

 

 

 

Totals 

  

  $ 229,576      $ 211,605      $ 17,971   
             

 

 

   

 

 

   

 

 

 

OTC Credit Default Swaps on Credit Indices—Sell Protection (d)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.A.V8

    2.000%        10/17/57      Morgan Stanley Capital Services, LLC     0.000%        USD        640,000      $ (49,602)      $ (74,354)      $ 24,752   

CMBX.NA.AAA.V7

    0.500%        01/17/47      Credit Suisse International     0.000%        USD        5,000,000        (80,917)        (156,398)        75,481   

CMBX.NA.AM.V4

    0.500%        02/17/51      Deutsche Bank AG     0.000%        USD        2,370,000        (65,175)        (359,977)        294,802   

CMBX.NA.BBB.V6

    3.000%        05/11/63      Credit Suisse International     0.000%        USD        340,000        (30,529)        (28,925)        (1,604)   
             

 

 

   

 

 

   

 

 

 

Totals 

  

  $ (226,223)      $ (619,654)      $ 393,431   
             

 

 

   

 

 

   

 

 

 

 

 

(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
(CNY)— Chinese Yuan
(COP)— Colombian Peso
(EUR)— Euro
(GBP)— British Pound
(HUF)— Hungarian Forint
(IDR)— Indonesian Rupiah
(INR)— Indian Rupee
(JPY)— Japanese Yen
(KRW)— South Korean Won
(MXN)— Mexican Peso
(MYR)— Malaysian Ringgit
(NOK)— Norwegian Krone
(NZD)— New Zealand Dollar
(RUB)— Russian Ruble
(SAR)— Saudi Arabian Riyal
(SEK)— Swedish Krona
(TRY)— Turkish Lira
(TWD)— Taiwanese Dollar
(USD)— United States Dollar
(ZAR)— South African Rand
(CDI)— Brazil Interbank Deposit Rate
(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.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
(ITAXX.XO)— Markit iTraxx Crossover Index
(KWCDC)— Korean Certificate of Deposit Rate
(LIBOR)— London Interbank Offered Rate
(TIIE)— Mexican Interbank Equilibrium Interest Rate

 

MSF-58


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —         $ 2,134,800,219      $ —         $ 2,134,800,219   

Total Corporate Bonds & Notes*

     —           1,220,008,963        —           1,220,008,963   
Asset-Backed Securities           

Asset-Backed - Credit Card

     —           2,662,575        —           2,662,575   

Asset-Backed - Home Equity

     —           21,440,690        —           21,440,690   

Asset-Backed - Manufactured Housing

     —           12,232,097        —           12,232,097   

Asset-Backed - Other

     —           361,270,662        370,000         361,640,662   

Asset-Backed - Student Loan

     —           51,770,425        —           51,770,425   

Total Asset-Backed Securities

     —           449,376,449        370,000         449,746,449   

Total Mortgage-Backed Securities*

     —           295,187,321        —           295,187,321   

Total Municipals

     —           184,960,252        —           184,960,252   

Total Foreign Government*

     —           134,979,205        —           134,979,205   

Total Preferred Stocks*

     14,542,009         —          —           14,542,009   
Purchased Options           

Currency Options

     —           944,602        —           944,602   

Forward Volatility Agreements

     —           342,958        —           342,958   

Interest Rate Swaptions

     —           317,689        —           317,689   

Options on Exchange-Traded Futures Contracts

     1,668,421         —          —           1,668,421   

Total Purchased Options

     1,668,421         1,605,249        —           3,273,670   
Short-Term Investments           

Certificate of Deposit

     —           110,770,000        —           110,770,000   

Commercial Paper

     —           24,714,527        —           24,714,527   

Repurchase Agreement

     —           8,479,775        —           8,479,775   

Total Short-Term Investments

     —           143,964,302        —           143,964,302   
Securities Lending Reinvestments           

Certificates of Deposit

     —           9,398,432        —           9,398,432   

Commercial Paper

     —           3,995,874        —           3,995,874   

Repurchase Agreements

     —           40,496,515        —           40,496,515   

Time Deposits

     —           4,400,000        —           4,400,000   

Total Securities Lending Reinvestments

     —           58,290,821        —           58,290,821   

Total Investments

   $ 16,210,430       $ 4,623,172,781      $ 370,000       $ 4,639,753,211   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (56,289,449   $ —         $ (56,289,449

TBA Forward Sales Commitments

   $ —         $ (303,477,584   $ —         $ (303,477,584

 

MSF-59


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 1,497,303      $ —         $ 1,497,303   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (2,550,292     —           (2,550,292

Total Forward Contracts

   $ —        $ (1,052,989   $ —         $ (1,052,989
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 746,816      $ —        $ —         $ 746,816   

Futures Contracts (Unrealized Depreciation)

     (1,516,512     —          —           (1,516,512

Total Futures Contracts

   $ (769,696   $ —        $ —         $ (769,696
Written Options          

Foreign Currency Written Options at Value

   $ —        $ (396,862   $ —         $ (396,862

Options on Exchange-Traded Futures Contracts at Value

     (110,081     —          —           (110,081

Total Written Options

   $ (110,081   $ (396,862   $ —         $ (506,943
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 1,133,603      $ —         $ 1,133,603   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (6,360,043     —           (6,360,043

Total Centrally Cleared Swap Contracts

   $ —        $ (5,226,440   $ —         $ (5,226,440
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $ —        $ 4,124,698      $ —         $ 4,124,698   

OTC Swap Contracts at Value (Liabilities)

     —          (2,189,448     —           (2,189,448

Total OTC Swap Contracts

   $ —        $ 1,935,250      $ —         $ 1,935,250   

Total Reverse Repurchase Agreements (Liability)

   $ —        $ (269,043,692   $ —         $ (269,043,692

 

* 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
     Purchases      Balance as of
September 30,
2016
     Change in
Unrealized
Appreciation
from Investments
Still Held at
September 30,
2016
 
Asset-Backed Securities               

Asset-Backed - Other

   $       $       $ 370,000       $ 370,000       $   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

MSF-60


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—97.3% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.9%

  

TransDigm Group, Inc. (a)

    55,997      $ 16,189,853   
   

 

 

 

Beverages—5.0%

  

Anheuser-Busch InBev S.A. (ADR)

    345,642        45,420,815   

Constellation Brands, Inc. - Class A

    256,934        42,776,942   
   

 

 

 
      88,197,757   
   

 

 

 

Biotechnology—8.0%

  

Alexion Pharmaceuticals, Inc. (a)

    473,702        58,047,443   

Biogen, Inc. (a)

    58,142        18,200,190   

Regeneron Pharmaceuticals, Inc. (a)

    119,877        48,192,952   

Vertex Pharmaceuticals, Inc. (a)

    207,525        18,098,255   
   

 

 

 
      142,538,840   
   

 

 

 

Chemicals—2.1%

  

Ecolab, Inc.

    118,636        14,440,374   

Sherwin-Williams Co. (The)

    85,436        23,636,724   
   

 

 

 
      38,077,098   
   

 

 

 

Diversified Financial Services—2.2%

  

Berkshire Hathaway, Inc. - Class B (a)

    270,248        39,042,729   
   

 

 

 

Diversified Telecommunication Services—1.5%

  

SBA Communications Corp. - Class A (a)

    237,665        26,656,506   
   

 

 

 

Electrical Equipment—1.2%

  

Acuity Brands, Inc.

    79,004        20,904,458   
   

 

 

 

Equity Real Estate Investment Trusts—0.8%

  

Crown Castle International Corp.

    155,437        14,643,720   
   

 

 

 

Food & Staples Retailing—1.0%

  

Costco Wholesale Corp.

    114,033        17,391,173   
   

 

 

 

Food Products—0.5%

  

Mead Johnson Nutrition Co.

    121,303        9,584,150   
   

 

 

 

Health Care Equipment & Supplies—3.4%

  

Becton Dickinson & Co.

    177,189        31,846,179   

Boston Scientific Corp. (a)

    1,000,169        23,804,022   

Intuitive Surgical, Inc. (a)

    7,869        5,703,687   
   

 

 

 
      61,353,888   
   

 

 

 

Health Care Providers & Services—4.1%

  

UnitedHealth Group, Inc.

    524,884        73,483,760   
   

 

 

 

Hotels, Restaurants & Leisure—2.4%

  

Chipotle Mexican Grill, Inc. (a) (b)

    42,968        18,196,948   

Domino’s Pizza, Inc.

    99,800        15,154,630   

Starbucks Corp.

    169,120        9,156,157   
   

 

 

 
      42,507,735   
   

 

 

 

Industrial Conglomerates—1.1%

  

Roper Technologies, Inc.

    107,324        19,583,410   
   

 

 

 

Internet & Direct Marketing Retail—13.1%

  

Amazon.com, Inc. (a)

    155,787      130,442,013   

Netflix, Inc. (a)

    454,682        44,808,911   

Priceline Group, Inc. (The) (a)

    30,703        45,179,157   

TripAdvisor, Inc. (a)

    198,403        12,535,102   
   

 

 

 
      232,965,183   
   

 

 

 

Internet Software & Services—16.1%

  

Alphabet, Inc. - Class A (a)

    171,724        138,076,399   

Facebook, Inc. - Class A (a)

    738,195        94,688,273   

Tencent Holdings, Ltd.

    1,985,500        55,014,590   
   

 

 

 
      287,779,262   
   

 

 

 

IT Services—10.3%

  

Fiserv, Inc. (a)

    129,781        12,909,316   

FleetCor Technologies, Inc. (a)

    241,866        42,019,380   

Global Payments, Inc.

    365,534        28,058,390   

Vantiv, Inc. - Class A (a)

    281,060        15,815,246   

Visa, Inc. - Class A

    1,022,890        84,593,003   
   

 

 

 
      183,395,335   
   

 

 

 

Life Sciences Tools & Services—2.3%

  

Illumina, Inc. (a)

    226,113        41,075,688   
   

 

 

 

Media—0.8%

  

Liberty Global plc - Class A (a)

    413,533        14,134,558   
   

 

 

 

Oil, Gas & Consumable Fuels—3.9%

  

Concho Resources, Inc. (a)

    208,947        28,698,870   

EOG Resources, Inc.

    181,380        17,541,260   

Pioneer Natural Resources Co.

    128,087        23,779,352   
   

 

 

 
      70,019,482   
   

 

 

 

Pharmaceuticals—1.1%

  

AstraZeneca plc (ADR) (b)

    613,434        20,157,441   
   

 

 

 

Road & Rail—1.5%

  

Norfolk Southern Corp.

    280,878        27,262,019   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.4%

  

ASML Holding NV (b)

    175,599        19,242,138   

Broadcom, Ltd.

    134,417        23,189,621   
   

 

 

 
      42,431,759   
   

 

 

 

Software—6.7%

  

Activision Blizzard, Inc.

    956,411        42,369,007   

Microsoft Corp.

    921,498        53,078,285   

Salesforce.com, Inc. (a)

    330,626        23,583,553   
   

 

 

 
      119,030,845   
   

 

 

 

Specialty Retail—2.4%

  

Home Depot, Inc. (The)

    325,115        41,835,798   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.8%

  

Apple, Inc.

    131,770        14,896,599   
   

 

 

 

 

MSF-61


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Textiles, Apparel & Luxury Goods—1.7%

  

NIKE, Inc. - Class B

    588,685      $ 30,994,265   
   

 

 

 

Total Common Stocks
(Cost $1,423,101,970)

      1,736,133,311   
   

 

 

 
Preferred Stock—0.8%   

Software—0.8%

  

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

    2,537,552        13,372,899   
   

 

 

 
Short-Term Investment—1.8%   

Repurchase Agreement—1.8%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $32,512,258 on 10/03/16, collateralized by $30,925,000 U.S. Treasury Note at 2.625% due 11/15/20 with a value of $33,167,063.

    32,512,177        32,512,177   
   

 

 

 

Total Short-Term Investments
(Cost $32,512,177)

      32,512,177   
   

 

 

 
Securities Lending Reinvestments (e)—0.7%   

Repurchase Agreements—0.7%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $300,023 on 10/03/16, collateralized by $283,505 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $306,000.

    300,000        300,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $300,021 on 10/03/16, collateralized by $294,517 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $306,000.

    300,000        300,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $2,000,083 on 10/03/16, collateralized by $1,944,385 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $2,040,000.

    2,000,000        2,000,000   

Repurchase Agreements—(Continued)

  

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $2,000,075 on 10/03/16, collateralized by $1,577,600 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $2,040,028.

    2,000,000      2,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $2,100,153 on 10/03/16, collateralized by $2,004,826 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $2,142,896.

    2,100,000        2,100,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $154,411 on 10/03/16, collateralized by $127,567 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $157,493.

    154,405        154,405   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $2,000,117 on 10/03/16, collateralized by $3,199,122 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $2,040,119.

    2,000,000        2,000,000   

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $2,000,087 on 10/03/16, collateralized by $2,823,751 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $2,040,000.

    2,000,000        2,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $2,000,077 on 10/03/16, collateralized by $1,872,360 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $2,040,041.

    2,000,000        2,000,000   
   

 

 

 
      12,854,405   
   

 

 

 

Time Deposits—0.0%

  

ANZ London
0.420%, 10/03/16

    33,086        33,086   

Den Norske Bank, Oslo
0.400%, 10/03/16

    85,310        85,310   

 

MSF-62


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Time Deposits—(Continued)

  

Royal Bank of Canada
0.280%, 10/03/16

    87,949      $ 87,949   
   

 

 

 
      206,345   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $13,060,750)

      13,060,750   
   

 

 

 

Total Investments—100.6%
(Cost $1,484,230,091) (f)

      1,795,079,137   

Other assets and liabilities (net)—(0.6)%

      (9,925,952
   

 

 

 
Net Assets—100.0%     $ 1,785,153,185   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $12,723,220 and the collateral received consisted of cash in the amount of $13,060,750. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent 0.7% 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 September 30, 2016, the market value of restricted securities was $13,372,899, which is 0.7% 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 September 30, 2016.
(f) As of September 30, 2016, the aggregate cost of investments was $1,484,230,091. The aggregate unrealized appreciation and depreciation of investments were $323,105,200 and $(12,256,154), respectively, resulting in net unrealized appreciation of $310,849,046.
(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       $ 15,555,194       $ 13,372,899   
           

 

 

 

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-63


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks   

Aerospace & Defense

   $ 16,189,853       $ —        $ —         $ 16,189,853   

Beverages

     88,197,757         —          —           88,197,757   

Biotechnology

     142,538,840         —          —           142,538,840   

Chemicals

     38,077,098         —          —           38,077,098   

Diversified Financial Services

     39,042,729         —          —           39,042,729   

Diversified Telecommunication Services

     26,656,506         —          —           26,656,506   

Electrical Equipment

     20,904,458         —          —           20,904,458   

Equity Real Estate Investment Trusts

     14,643,720         —          —           14,643,720   

Food & Staples Retailing

     17,391,173         —          —           17,391,173   

Food Products

     9,584,150         —          —           9,584,150   

Health Care Equipment & Supplies

     61,353,888         —          —           61,353,888   

Health Care Providers & Services

     73,483,760         —          —           73,483,760   

Hotels, Restaurants & Leisure

     42,507,735         —          —           42,507,735   

Industrial Conglomerates

     19,583,410         —          —           19,583,410   

Internet & Direct Marketing Retail

     232,965,183         —          —           232,965,183   

Internet Software & Services

     232,764,672         55,014,590        —           287,779,262   

IT Services

     183,395,335         —          —           183,395,335   

Life Sciences Tools & Services

     41,075,688         —          —           41,075,688   

Media

     14,134,558         —          —           14,134,558   

Oil, Gas & Consumable Fuels

     70,019,482         —          —           70,019,482   

Pharmaceuticals

     20,157,441         —          —           20,157,441   

Road & Rail

     27,262,019         —          —           27,262,019   

Semiconductors & Semiconductor Equipment

     42,431,759         —          —           42,431,759   

Software

     119,030,845         —          —           119,030,845   

Specialty Retail

     41,835,798         —          —           41,835,798   

Technology Hardware, Storage & Peripherals

     14,896,599         —          —           14,896,599   

Textiles, Apparel & Luxury Goods

     30,994,265         —          —           30,994,265   

Total Common Stocks

     1,681,118,721         55,014,590        —           1,736,133,311   

Total Preferred Stock*

     —           —          13,372,899         13,372,899   

Total Short-Term Investment*

     —           32,512,177        —           32,512,177   
Securities Lending Reinvestments   

Repurchase Agreements

     —           12,854,405        —           12,854,405   

Time Deposits

     —           206,345        —           206,345   

Total Securities Lending Reinvestments

     —           13,060,750        —           13,060,750   

Total Investments

   $ 1,681,118,721       $ 100,587,517      $ 13,372,899       $ 1,795,079,137   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (13,060,750   $ —         $ (13,060,750

 

* 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
Depreciation
    Balance as of
September 30, 2016
     Change in Unrealized
Depreciation from
Investments Still Held at
September 30, 2016
 
Preferred Stock           

Software

   $ 19,539,151       $ (6,166,252   $ 13,372,899       $ (6,166,252
  

 

 

    

 

 

   

 

 

    

 

 

 

 

MSF-64


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—98.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.5%

  

BE Aerospace, Inc.

    72,670      $ 3,754,132   

Boeing Co. (The)

    79,890        10,524,709   

Huntington Ingalls Industries, Inc.

    31,930        4,898,701   

Northrop Grumman Corp.

    5,510        1,178,864   

Raytheon Co.

    8,605        1,171,399   
   

 

 

 
      21,527,805   
   

 

 

 

Airlines—0.6%

  

American Airlines Group, Inc.

    244,220        8,940,894   
   

 

 

 

Auto Components—1.2%

  

Lear Corp.

    137,460        16,662,901   

Magna International, Inc.

    38,180        1,639,831   
   

 

 

 
      18,302,732   
   

 

 

 

Automobiles—0.2%

  

Thor Industries, Inc.

    36,336        3,077,659   
   

 

 

 

Banks—12.8%

  

Bank of America Corp.

    1,492,050        23,350,583   

Citigroup, Inc.

    1,552,931        73,344,931   

JPMorgan Chase & Co.

    1,091,077        72,654,817   

KeyCorp

    772,800        9,404,976   

Regions Financial Corp.

    1,077,221        10,632,171   
   

 

 

 
      189,387,478   
   

 

 

 

Biotechnology—2.5%

  

Gilead Sciences, Inc.

    466,810        36,934,007   
   

 

 

 

Capital Markets—2.1%

  

Ameriprise Financial, Inc.

    32,760        3,268,465   

Morgan Stanley

    339,560        10,886,294   

Nasdaq, Inc.

    254,435        17,184,540   
   

 

 

 
      31,339,299   
   

 

 

 

Chemicals—0.6%

  

Akzo Nobel NV (ADR)

    267,271        6,037,652   

Ashland Global Holdings, Inc.

    18,260        2,117,247   
   

 

 

 
      8,154,899   
   

 

 

 

Communications Equipment—5.8%

  

Cisco Systems, Inc.

    2,337,120        74,133,447   

Nokia Oyj (ADR) (a)

    1,338,760        7,751,420   

Telefonaktiebolaget LM Ericsson (ADR)

    602,106        4,341,184   
   

 

 

 
      86,226,051   
   

 

 

 

Construction & Engineering—0.4%

  

AECOM (b)

    185,890        5,526,510   
   

 

 

 

Consumer Finance—7.5%

  

Capital One Financial Corp.

    583,870        41,939,382   

Discover Financial Services

    982,800        55,577,340   

SLM Corp. (b)

    1,807,860        13,504,714   
   

 

 

 
      111,021,436   
   

 

 

 

Containers & Packaging—0.8%

  

Avery Dennison Corp.

    35,020      2,724,206   

Bemis Co., Inc.

    90,710        4,627,117   

Crown Holdings, Inc. (b)

    55,170        3,149,655   

Graphic Packaging Holding Co.

    116,020        1,623,120   

Sealed Air Corp.

    6,450        295,539   
   

 

 

 
      12,419,637   
   

 

 

 

Diversified Telecommunication Services—2.6%

  

Verizon Communications, Inc.

    747,750        38,868,045   
   

 

 

 

Electric Utilities—2.9%

  

Exelon Corp.

    1,281,910        42,674,784   
   

 

 

 

Energy Equipment & Services—0.9%

  

Superior Energy Services, Inc.

    759,629        13,597,359   
   

 

 

 

Equity Real Estate Investment Trusts—0.3%

  

Brixmor Property Group, Inc.

    160,540        4,461,407   
   

 

 

 

Food & Staples Retailing—2.5%

  

CVS Health Corp.

    29,180        2,596,728   

Kroger Co. (The)

    730,444        21,679,578   

Walgreens Boots Alliance, Inc.

    162,540        13,103,975   
   

 

 

 
      37,380,281   
   

 

 

 

Food Products—0.3%

  

Mondelez International, Inc. - Class A

    114,680        5,034,452   
   

 

 

 

Health Care Equipment & Supplies—5.7%

  

Baxter International, Inc.

    798,660        38,016,216   

Medtronic plc

    195,580        16,898,112   

Zimmer Biomet Holdings, Inc.

    224,130        29,141,383   
   

 

 

 
      84,055,711   
   

 

 

 

Hotels, Restaurants & Leisure—0.1%

  

Darden Restaurants, Inc.

    12,120        743,198   
   

 

 

 

Household Durables—1.2%

  

Newell Brands, Inc.

    290,920        15,319,847   

Tupperware Brands Corp.

    28,030        1,832,321   
   

 

 

 
      17,152,168   
   

 

 

 

Independent Power and Renewable Electricity Producers—4.0%

  

AES Corp.

    3,426,480        44,030,268   

Dynegy, Inc. (b)

    1,236,690        15,322,589   
   

 

 

 
      59,352,857   
   

 

 

 

Industrial Conglomerates—0.3%

  

Honeywell International, Inc.

    37,790        4,405,936   
   

 

 

 

Insurance—3.9%

  

Genworth Financial, Inc. - Class A (b)

    1,261,190        6,255,502   

Hartford Financial Services Group, Inc. (The)

    337,940        14,470,591   

Lincoln National Corp.

    231,860        10,892,783   

 

MSF-65


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

Insurance—(Continued)

  

Prudential Financial, Inc.

    193,910      $ 15,832,751   

XL Group, Ltd.

    281,650        9,471,890   
   

 

 

 
      56,923,517   
   

 

 

 

IT Services—0.4%

  

Fidelity National Information Services, Inc.

    20,310        1,564,479   

First Data Corp. - Class A (b)

    159,360        2,097,178   

Total System Services, Inc.

    55,150        2,600,322   
   

 

 

 
      6,261,979   
   

 

 

 

Media—3.1%

  

Comcast Corp. - Class A

    257,430        17,077,906   

Interpublic Group of Cos., Inc. (The)

    337,820        7,550,277   

Omnicom Group, Inc.

    63,670        5,411,950   

Scripps Networks Interactive, Inc. - Class A

    240,370        15,261,092   
   

 

 

 
      45,301,225   
   

 

 

 

Metals & Mining—0.5%

  

Reliance Steel & Aluminum Co.

    104,210        7,506,246   
   

 

 

 

Mortgage Real Estate Investment Trusts—0.9%

  

Starwood Property Trust, Inc.

    588,490        13,252,795   
   

 

 

 

Multiline Retail—0.4%

  

Dollar General Corp.

    80,590        5,640,494   
   

 

 

 

Oil, Gas & Consumable Fuels—14.3%

  

Apache Corp.

    1,003,420        64,088,435   

Devon Energy Corp.

    1,112,840        49,087,372   

Gulfport Energy Corp. (b)

    841,850        23,782,263   

Marathon Oil Corp.

    2,446,960        38,686,438   

Marathon Petroleum Corp.

    283,112        11,491,516   

Parsley Energy, Inc. - Class A (b)

    273,790        9,174,703   

Suncor Energy, Inc.

    54,300        1,508,454   

Valero Energy Corp.

    242,620        12,858,860   
   

 

 

 
      210,678,041   
   

 

 

 

Personal Products—0.2%

  

Unilever NV (a)

    56,930        2,624,473   
   

 

 

 

Pharmaceuticals—6.2%

  

Merck & Co., Inc.

    541,980        33,824,972   

Pfizer, Inc.

    1,716,915        58,151,911   
   

 

 

 
      91,976,883   
   

 

 

 

Professional Services—2.5%

  

Dun & Bradstreet Corp. (The)

    10,910        1,490,524   

Nielsen Holdings plc

    675,560        36,189,749   
   

 

 

 
      37,680,273   
   

 

 

 

Road & Rail—0.1%

  

CSX Corp.

    26,160        797,880   

Norfolk Southern Corp.

    1,660        161,120   
   

 

 

 
      959,000   
   

 

 

 

Semiconductors & Semiconductor Equipment—5.6%

  

Lam Research Corp.

    1,790      169,531   

QUALCOMM, Inc.

    1,145,270        78,450,995   

Teradyne, Inc.

    200,208        4,320,489   
   

 

 

 
      82,941,015   
   

 

 

 

Software—0.1%

  

Oracle Corp.

    36,060        1,416,437   
   

 

 

 

Specialty Retail—0.3%

  

GNC Holdings, Inc. - Class A

    247,660        5,057,217   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.3%

  

Apple, Inc.

    164,210        18,563,941   
   

 

 

 

Thrifts & Mortgage Finance—0.7%

  

New York Community Bancorp, Inc.

    752,680        10,710,636   
   

 

 

 

Trading Companies & Distributors—0.0%

  

Air Lease Corp.

    5,260        150,331   
   

 

 

 

Wireless Telecommunication Services—1.6%

  

Telephone & Data Systems, Inc.

    782,496        21,268,241   

United States Cellular Corp. (b)

    75,430        2,741,126   
   

 

 

 
      24,009,367   
   

 

 

 

Total Common Stocks
(Cost $1,325,433,178)

      1,462,238,475   
   

 

 

 
Convertible Preferred Stock—0.5%   

Food Products—0.5%

  

Tyson Foods, Inc.
4.750%, 07/15/17
(Cost $4,431,350)

    88,627        7,255,006   
   

 

 

 
Short-Term Investment—0.6%   

Repurchase Agreement—0.6%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $9,150,040 on 10/03/16, collateralized by $9,200,000 U.S. Treasury Note at 1.375% due 01/31/21 with a value of $9,338,000.

    9,150,017        9,150,017   
   

 

 

 

Total Short-Term Investments
(Cost $9,150,017)

      9,150,017   
   

 

 

 
Securities Lending Reinvestments (c)—0.4%   

Certificate of Deposit—0.0%

  

Standard Chartered Bank New York
0.910%, 12/16/16

    15,000        15,001   
   

 

 

 

 

MSF-66


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—0.4%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $500,039 on 10/03/16, collateralized by $472,508 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $510,000.

    500,000      $ 500,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $500,035 on 10/03/16, collateralized by $490,862 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $510,000.

    500,000        500,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $750,031, on 10/03/16, collateralized by $729,144 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $765,000.

    750,000        750,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $900,034, on 10/03/16, collateralized by $709,920 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $918,013.

    900,000        900,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $400,031 on 10/03/16, collateralized by $381,872 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $408,171.

    400,000        400,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $401,873 on 10/03/16, collateralized by $332,008 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $409,894.

    401,857        401,857   

Natixis New York
Repurchase Agreement dated 09/30/16 at
0.700% to be repurchased at $400,023 on 10/03/16, collateralized by $639,824 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $408,024.

    400,000        400,000   

Repurchase Agreements—(Continued)

  

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $700,030 on 10/03/16, collateralized by $988,313 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $714,000.

    700,000      700,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $700,027 on 10/03/16, collateralized by $655,326 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $714,014.

    700,000        700,000   
   

 

 

 
      5,251,857   
   

 

 

 

Time Deposits—0.0%

  

ANZ London

   

0.420%, 10/03/16

    35,624        35,624   

Den Norske Bank, Oslo

   

0.400%, 10/03/16

    100,000        100,000   

Royal Bank of Canada

   

0.280%, 10/03/16

    100,000        100,000   
   

 

 

 
      235,624   
   

 

 

 

Total Securities Lending Reinvestments (Cost $5,502,481)

      5,502,482   
   

 

 

 

Total Investments—100.4% (Cost $1,344,517,026) (d)

      1,484,145,980   

Other assets and liabilities
(net)—(0.4)%

      (5,946,172
   

 

 

 
Net Assets—100.0%     $ 1,478,199,808   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $5,362,687 and the collateral received consisted of cash in the amount of $5,502,481. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $1,344,517,026. The aggregate unrealized appreciation and depreciation of investments were $198,358,217 and $(58,729,263), respectively, resulting in net unrealized appreciation of $139,628,954.
(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-67


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,462,238,475       $ —        $ —         $ 1,462,238,475   

Total Convertible Preferred Stock*

     7,255,006         —          —           7,255,006   

Total Short-Term Investment*

     —           9,150,017        —           9,150,017   
Securities Lending Reinvestments           

Certificate of Deposit

     —           15,001        —           15,001   

Repurchase Agreements

     —           5,251,857        —           5,251,857   

Time Deposits

     —           235,624        —           235,624   

Total Securities Lending Reinvestments

     —           5,502,482        —           5,502,482   

Total Investments

   $ 1,469,493,481       $ 14,652,499      $ —         $ 1,484,145,980   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (5,502,481   $ —         $ (5,502,481

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-68


Table of Contents

Metropolitan Series Fund

BlackRock Ultra-Short Term Bond Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Short-Term Investments—100.0% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Certificate of Deposit—27.7%

  

Bank of Montreal (Chicago)
0.690%, 10/05/16

    20,000,000      $ 20,000,756   

0.930%, 12/14/16

    14,500,000        14,505,268   

Bank of Nova Scotia (Houston)
0.936%, 01/03/17 (a)

    10,000,000        10,003,900   

1.067%, 04/12/17 (a)

    5,000,000        5,002,155   

Canadian Imperial Bank of Commerce (NY)
1.155%, 12/05/16 (a)

    8,850,000        8,858,009   

Citibank N.A. (NY)
0.800%, 11/01/16

    10,000,000        10,003,647   

Credit Industriel et Commercial (NY)
0.900%, 10/28/16

    8,000,000        8,002,720   

0.970%, 11/03/16

    11,000,000        11,005,007   

1.250%, 02/01/17

    5,000,000        5,005,684   

DNB Bank ASA
1.088%, 02/13/17 (a)

    15,000,000        15,000,000   

Mitsubishi UFJ Trust & Banking Corp. (NY)
1.254%, 04/03/17 (a)

    8,000,000        8,000,000   

Mizuho Bank, Ltd. (NY)
1.177%, 01/13/17 (a)

    10,000,000        10,010,120   

1.239%, 03/24/17 (a)

    12,000,000        12,000,000   

1.268%, 03/13/17 (a)

    8,000,000        8,000,000   

Norinchukin Bank (NY)
0.900%, 11/16/16

    10,000,000        10,004,310   

0.950%, 12/20/16

    10,000,000        10,003,410   

1.256%, 03/21/17 (a)

    5,400,000        5,403,683   

Royal Bank of Canada (NY)
0.923%, 10/14/16 (a)

    5,000,000        5,000,955   

Skandinaviska Enskilda Banken AB (NY)
1.118%, 02/10/17 (a)

    12,000,000        12,007,896   

State Street Bank & Trust Co.
1.125%, 03/10/17 (a)

    11,000,000        11,003,300   

Sumitomo Mitsui Banking Corp. (NY)
0.750%, 10/17/16

    22,000,000        22,003,327   

Sumitomo Mitsui Trust Bank, Ltd. (NY)
1.251%, 02/17/17 (a)

    10,000,000        10,004,970   

Svenska Handelsbanken, Inc.
0.650%, 10/11/16

    22,000,000        22,001,320   

UBS AG (Stamford)
1.050%, 01/11/17

    8,000,000        8,002,712   

Wells Fargo Bank N.A.
0.929%, 10/13/16 (a)

    8,000,000        8,001,448   

1.060%, 02/01/17

    7,000,000        7,003,087   

Westpac Banking Corp. (NY)
1.148%, 02/06/17 (a)

    4,000,000        4,003,656   
   

 

 

 
      279,841,340   
   

 

 

 

Commercial Paper—52.4%

  

Alpine Securitization, Ltd.
0.706%, 10/17/16 (b)

    15,000,000        14,996,388   

0.826%, 11/01/16 (b)

    20,000,000        19,989,671   

Antalis S.A.
0.365%, 10/05/16 (b)

    20,000,000        19,998,750   

0.908%, 10/21/16 (b)

    11,000,000        10,996,599   

Commercial Paper—(Continued)

  

BNP Paribas Fortis S.A. (NY)
0.189%, 10/03/16 (b)

    3,872,000      3,871,883   

0.490%, 10/06/16 (b)

    15,000,000        14,999,055   

BNP Paribas New York
0.441%, 10/04/16 (b)

    5,000,000        4,999,795   

BNZ International Funding, Ltd.
1.000%, 11/18/16 (b)

    11,300,000        11,305,108   

BPCE S.A.
0.914%, 11/01/16 (b)

    10,000,000        9,995,653   

Caisse Damortissement de la Dette Sociale
0.426%, 10/03/16 (b)

    20,000,000        19,999,118   

Chariot Funding LLC
0.908%, 10/05/16 (b)

    6,000,000        6,000,474   

Collateralized Commercial Paper Co. LLC
0.490%, 10/06/16 (b)

    10,000,000        9,999,242   

0.664%, 10/11/16 (b)

    20,000,000        19,997,067   

Collateralized Commercial Paper II Co. LLC
0.805%, 10/31/16 (b)

    12,000,000        11,994,058   

Commonwealth Bank of Australia
1.134%, 03/29/17 (144A) (b)

    10,000,000        10,000,000   

DBS Bank, Ltd.
0.761%, 11/07/16 (b)

    10,000,000        9,995,239   

Gotham Funding Corp.
0.795%, 11/16/16 (b)

    10,000,000        9,991,344   

1.032%, 12/12/16 (b)

    15,000,000        14,974,815   

Jupiter Securitization Co. LLC
0.930%, 10/28/16 (b)

    10,000,000        9,995,637   

La Caisse Centrale Desjardins du Quebec
0.471%, 10/14/16 (b)

    9,000,000        8,998,512   

LMA Americas LLC
0.988%, 11/07/16 (b)

    9,000,000        8,994,176   

1.039%, 12/01/16 (b)

    10,000,000        9,986,877   

Manhattan Asset Funding Co. LLC
0.934%, 11/16/16 (b)

    13,000,000        12,988,747   

Matchpoint Finance plc
1.357%, 02/22/17 (b)

    7,000,000        6,969,353   

Mont Blanc Capital Corp.
0.973%, 12/19/16 (b)

    20,000,000        19,961,333   

National Australia Bank, Ltd.
0.934%, 11/01/16 (144A) (b)

    6,000,000        5,997,771   

0.935%, 11/02/16 (144A) (b)

    5,000,000        4,998,070   

Nieuw Amsterdam Receivables Corp.
0.921%, 12/07/16 (b)

    10,000,000        9,984,927   

NRW Bank
0.546%, 10/14/16 (b)

    11,000,000        10,997,793   

0.684%, 10/20/16 (b)

    28,000,000        27,991,631   

Regency Market No. 1 LLC
0.603%, 10/14/16 (b)

    20,000,000        19,996,150   

0.634%, 10/26/16 (b)

    10,000,000        9,996,013   

Starbird Funding Corp.
0.924%, 11/01/16 (b)

    15,000,000        14,992,253   

1.357%, 03/02/17 (b)

    6,000,000        5,971,542   

Sumitomo Mitsui Trust Bank, Ltd.
0.473%, 10/03/16 (b)

    20,000,000        19,999,393   

1.414%, 01/27/17 (b)

    6,000,000        5,980,008   

 

MSF-69


Table of Contents

Metropolitan Series Fund

BlackRock Ultra-Short Term Bond Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Paper—(Continued)

  

United Overseas Bank, Ltd.
0.585%, 10/26/16 (b)

    15,000,000      $ 14,995,331   

0.848%, 11/28/16 (b)

    10,000,000        9,991,543   

Versailles Commercial Paper LLC
0.716%, 10/17/16 (b)

    15,000,000        14,996,388   

0.963%, 11/15/16 (b)

    15,000,000        14,987,408   

Victory Receivables Corp.
1.003%, 12/15/16 (b)

    13,150,000        13,126,514   

1.032%, 12/12/16 (b)

    17,000,000        16,971,457   

Westpac Securities NZ, Ltd.
1.286%, 02/28/17 (b)

    5,000,000        4,975,400   
   

 

 

 
      528,948,486   
   

 

 

 

Repurchase Agreements—18.5%

  

Bank of America Corp.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $87,003,480 on 10/03/16, collateralized by $84,285,900 U.S. Treasury Inflation Indexed Note at 0.125% due 04/15/18 with a value of $85,203,773.

    87,000,000        87,000,000   

JPMorgan Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $100,004,333 on 10/03/16, collateralized by $273,166,929 U.S. Government Agency Obligations with rates ranging from 1.875% - 3.500%, maturity dates ranging from 04/20/38 - 08/20/46, with a value of $101,572,595.

    100,000,000        100,000,000   
   

 

 

 
      187,000,000   
   

 

 

 

U.S. Treasury—1.4%

  

U.S. Treasury Floating Rate Notes

   

0.303%, 10/31/16 (a)

    11,760,000      11,760,376   

0.418%, 10/31/17 (a)

    2,371,000        2,373,279   
   

 

 

 
      14,133,655   
   

 

 

 

Total Short-Term Investments
(Cost $1,009,725,263)

      1,009,923,481   
   

 

 

 

Total Investments—100.0%
(Cost $1,009,725,263) (c)

      1,009,923,481   

Other assets and liabilities (net)—0.0%

      (120,087
   

 

 

 
Net Assets—100.0%     $ 1,009,803,394   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Variable or floating rate security. The stated rate represents the rate at September 30, 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 September 30, 2016, the aggregate cost of investments was $1,009,725,263. The aggregate unrealized appreciation and depreciation of investments were $198,707 and $(489), respectively, resulting in net unrealized appreciation of $198,218.
(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 September 30, 2016, the market value of 144A securities was $20,995,841, which is 2.1% of net assets.

 

MSF-70


Table of Contents

Metropolitan Series Fund

BlackRock Ultra-Short Term Bond Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Short-Term Investments            

Certificate of Deposit

   $ —         $ 279,841,340       $ —         $ 279,841,340   

Commercial Paper

     —           528,948,486         —           528,948,486   

Repurchase Agreements

     —           187,000,000         —           187,000,000   

U.S. Treasury

     —           14,133,655         —           14,133,655   

Total Short-Term Investments

     —           1,009,923,481         —           1,009,923,481   

Total Investments

   $ —         $ 1,009,923,481       $ —         $ 1,009,923,481   
                                     

 

MSF-71


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—97.7% of Net Assets

 

Security Description   Shares     Value  

Airlines—0.6%

  

United Continental Holdings, Inc. (a)

    138,868      $ 7,286,404   
   

 

 

 

Banks—0.9%

  

Signature Bank (a)

    86,799        10,281,342   
   

 

 

 

Beverages—1.6%

  

Brown-Forman Corp. - Class B

    142,942        6,781,168   

Monster Beverage Corp. (a)

    80,500        11,818,205   
   

 

 

 
      18,599,373   
   

 

 

 

Biotechnology—3.4%

  

Alkermes plc (a)

    138,289        6,503,732   

BioMarin Pharmaceutical, Inc. (a)

    142,226        13,158,749   

Incyte Corp. (a)

    204,947        19,324,453   
   

 

 

 
      38,986,934   
   

 

 

 

Building Products—1.1%

  

A.O. Smith Corp.

    124,689        12,318,026   
   

 

 

 

Capital Markets—5.0%

  

E*Trade Financial Corp. (a)

    256,395        7,466,222   

Moody’s Corp.

    87,830        9,510,232   

Nasdaq, Inc.

    270,829        18,291,791   

Raymond James Financial, Inc.

    286,009        16,648,584   

WisdomTree Investments, Inc. (b)

    500,705        5,152,255   
   

 

 

 
      57,069,084   
   

 

 

 

Chemicals—1.6%

  

Sherwin-Williams Co. (The)

    67,904        18,786,321   
   

 

 

 

Commercial Services & Supplies—4.8%

  

Cintas Corp.

    223,465        25,162,159   

KAR Auction Services, Inc.

    264,328        11,408,396   

Waste Connections, Inc.

    253,808        18,959,458   
   

 

 

 
      55,530,013   
   

 

 

 

Construction Materials—2.4%

  

Eagle Materials, Inc.

    208,215        16,095,020   

Martin Marietta Materials, Inc.

    66,655        11,938,577   
   

 

 

 
      28,033,597   
   

 

 

 

Containers & Packaging—1.0%

  

Berry Plastics Group, Inc. (a)

    256,429        11,244,412   
   

 

 

 

Distributors—1.5%

  

LKQ Corp. (a)

    467,358        16,572,515   
   

 

 

 

Diversified Consumer Services—0.8%

  

Bright Horizons Family Solutions, Inc. (a)

    133,235        8,912,089   
   

 

 

 

Diversified Telecommunication Services—1.9%

  

Cogent Communications Holdings, Inc.

    284,520        10,473,181   

SBA Communications Corp. - Class A (a)

    103,800        11,642,208   
   

 

 

 
      22,115,389   
   

 

 

 

Electronic Equipment, Instruments & Components—1.7%

  

Amphenol Corp. - Class A

    156,809      10,180,040   

Universal Display Corp. (a)

    175,012        9,714,916   
   

 

 

 
      19,894,956   
   

 

 

 

Food Products—1.1%

  

Blue Buffalo Pet Products, Inc. (a)

    269,448        6,402,085   

Mead Johnson Nutrition Co.

    71,644        5,660,592   
   

 

 

 
      12,062,677   
   

 

 

 

Health Care Equipment & Supplies—9.2%

  

Align Technology, Inc. (a)

    117,405        11,006,719   

C.R. Bard, Inc.

    98,129        22,008,372   

Cooper Cos., Inc. (The)

    151,619        27,179,222   

DexCom, Inc. (a)

    73,198        6,416,537   

Edwards Lifesciences Corp. (a)

    110,784        13,356,119   

STERIS plc

    241,742        17,671,340   

Teleflex, Inc.

    52,060        8,748,683   
   

 

 

 
      106,386,992   
   

 

 

 

Health Care Providers & Services—0.5%

  

Universal Health Services, Inc. - Class B

    47,916        5,904,210   
   

 

 

 

Health Care Technology—0.7%

  

Cerner Corp. (a)

    127,738        7,887,822   
   

 

 

 

Hotels, Restaurants & Leisure—3.2%

  

Aramark

    682,542        25,957,072   

MGM Resorts International (a)

    183,540        4,777,546   

Royal Caribbean Cruises, Ltd.

    80,164        6,008,292   
   

 

 

 
      36,742,910   
   

 

 

 

Household Durables—0.8%

  

Harman International Industries, Inc.

    108,781        9,186,555   
   

 

 

 

Industrial Conglomerates—1.0%

  

Roper Technologies, Inc.

    63,510        11,588,670   
   

 

 

 

Insurance—3.0%

  

Aon plc

    221,682        24,937,008   

Willis Towers Watson plc

    75,100        9,971,027   
   

 

 

 
      34,908,035   
   

 

 

 

Internet & Direct Marketing Retail—0.6%

  

Expedia, Inc.

    58,959        6,881,694   
   

 

 

 

IT Services—9.8%

  

Alliance Data Systems Corp. (a)

    49,367        10,590,703   

Euronet Worldwide, Inc. (a)

    320,810        26,251,882   

Gartner, Inc. (a)

    77,864        6,887,071   

Genpact, Ltd. (a)

    340,059        8,144,413   

Global Payments, Inc.

    330,800        25,392,208   

Jack Henry & Associates, Inc.

    118,684        10,153,416   

Sabre Corp.

    332,140        9,359,705   

Vantiv, Inc. - Class A (a)

    282,791        15,912,650   
   

 

 

 
      112,692,048   
   

 

 

 

 

MSF-72


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

Leisure Products—1.6%

  

Brunswick Corp.

    368,530      $ 17,976,893   
   

 

 

 

Life Sciences Tools & Services—2.2%

  

Illumina, Inc. (a)

    59,222        10,758,269   

PAREXEL International Corp. (a)

    213,761        14,845,701   
   

 

 

 
      25,603,970   
   

 

 

 

Machinery—2.0%

  

Wabtec Corp.

    174,777        14,270,542   

Woodward, Inc.

    141,021        8,810,992   
   

 

 

 
      23,081,534   
   

 

 

 

Media—0.6%

  

IMAX Corp. (a)

    246,843        7,151,042   
   

 

 

 

Multiline Retail—2.5%

  

Dollar General Corp.

    239,780        16,782,202   

Dollar Tree, Inc. (a)

    147,504        11,642,491   
   

 

 

 
      28,424,693   
   

 

 

 

Oil, Gas & Consumable Fuels—1.7%

  

Carrizo Oil & Gas, Inc. (a)

    296,179        12,030,791   

Concho Resources, Inc. (a)

    56,657        7,781,839   
   

 

 

 
      19,812,630   
   

 

 

 

Pharmaceuticals—1.5%

  

Zoetis, Inc.

    334,145        17,378,881   
   

 

 

 

Professional Services—2.7%

  

Equifax, Inc.

    228,962        30,813,706   
   

 

 

 

Road & Rail—1.0%

  

J.B. Hunt Transport Services, Inc.

    144,752        11,745,177   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.8%

  

Lam Research Corp.

    175,736        16,643,956   

NXP Semiconductors NV (a)

    105,073        10,718,497   

Qorvo, Inc. (a)

    295,115        16,449,710   
   

 

 

 
      43,812,163   
   

 

 

 

Software—13.3%

  

Activision Blizzard, Inc.

    584,279        25,883,560   

Cadence Design Systems, Inc. (a)

    890,732        22,740,388   

CDK Global, Inc.

    430,467        24,691,587   

Electronic Arts, Inc. (a)

    413,042        35,273,787   

Fair Isaac Corp.

    45,145        5,624,616   

Fortinet, Inc. (a)

    492,369        18,183,187   

Mobileye NV (a)

    161,127        6,859,176   

Red Hat, Inc. (a)

    175,653        14,198,032   
   

 

 

 
      153,454,333   
   

 

 

 

Specialty Retail—4.0%

  

Advance Auto Parts, Inc.

    38,865      5,795,549   

O’Reilly Automotive, Inc. (a)

    39,886        11,172,467   

Ross Stores, Inc.

    444,997        28,613,307   
   

 

 

 
      45,581,323   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.4%

  

lululemon athletica, Inc. (a) (b)

    74,204        4,524,960   
   

 

 

 

Trading Companies & Distributors—2.2%

  

Beacon Roofing Supply, Inc. (a)

    303,010        12,747,630   

HD Supply Holdings, Inc. (a)

    401,202        12,830,440   
   

 

 

 
      25,578,070   
   

 

 

 

Total Common Stocks
(Cost $947,223,695)

      1,124,811,443   
   

 

 

 
Short-Term Investment—2.0%   

Repurchase Agreement—2.0%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $23,452,002 on 10/03/16, collateralized by $23,285,000 U.S. Treasury Note at 1.625% due 11/30/20 with a value of $23,925,338.

    23,451,943        23,451,943   
   

 

 

 

Total Short-Term Investments (Cost $23,451,943)

      23,451,943   
   

 

 

 
Securities Lending Reinvestments (c)—0.8%   

Certificates of Deposit—0.1%

  

Abbey National Treasury Services
0.440%, 10/03/16

    200,000        200,000   

Bank of Nova Scotia
0.750%, 10/19/16

    100,000        100,011   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    100,000        100,000   

KBC Bank NV
Zero Coupon, 12/27/16

    100,000        99,861   

National Bank of Canada
0.420%, 10/06/16

    100,000        100,000   

Norinchukin Bank
0.480%, 10/24/16

    100,000        100,000   

Standard Chartered Bank New York
0.910%, 12/16/16

    200,000        200,015   
   

 

 

 
      899,887   
   

 

 

 

Commercial Paper—0.0%

  

Albion Capital Corp.
0.720%, 10/25/16

    100,000        99,968   

 

MSF-73


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Paper—(Continued)

  

Charta LLC
0.880%, 12/22/16

    100,000      $ 99,809   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    100,000        99,946   

Kells Funding LLC
1.040%, 01/19/17

    200,000        199,406   
   

 

 

 
      499,129   
   

 

 

 

Repurchase Agreements—0.7%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $1,000,078 on 10/03/16, collateralized by $945,015 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $1,020,000.

    1,000,000        1,000,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $1,000,069 on 10/03/16, collateralized by $981,723 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $1,020,001.

    1,000,000        1,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $1,000,038 on 10/03/16, collateralized by $788,800 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $1,020,014.

    1,000,000        1,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $900,070 on 10/03/16, collateralized by $859,211 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $918,384.

    900,000        900,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $863,871 on 10/03/16, collateralized by $713,689 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $881,113.

    863,836        863,837   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $1,000,058 on 10/03/16, collateralized by $1,599,561 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $1,020,060.

    1,000,000        1,000,000   

Repurchase Agreements—(Continued)

  

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $900,039 on 10/03/16, collateralized by $1,270,688 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $918,000.

    900,000      900,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,000,038 on 10/03/16, collateralized by $936,180 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,020,021.

    1,000,000        1,000,000   
   

 

 

 
      7,663,837   
   

 

 

 

Time Deposits—0.0%

  

ANZ London
0.420%, 10/03/16

    26,717        26,717   

Den Norske Bank, Oslo
0.400%, 10/03/16

    100,000        100,000   

Royal Bank of Canada
0.280%, 10/03/16

    100,000        100,000   
   

 

 

 
      226,717   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $9,289,414)

      9,289,570   
   

 

 

 

Total Investments—100.5%
(Cost $979,965,052) (d)

      1,157,552,956   

Other assets and liabilities (net)—(0.5)%

      (6,035,349
   

 

 

 
Net Assets—100.0%     $ 1,151,517,607   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $9,224,611 and the collateral received consisted of cash in the amount of $9,289,396. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $979,965,052. The aggregate unrealized appreciation and depreciation of investments were $201,112,254 and $(23,524,350), respectively, resulting in net unrealized appreciation of $177,587,904.

 

MSF-74


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,124,811,443       $ —        $ —         $ 1,124,811,443   

Total Short-Term Investment*

     —           23,451,943        —           23,451,943   
Securities Lending Reinvestments           

Certificates of Deposit

     —           899,887        —           899,887   

Commercial Paper

     —           499,129        —           499,129   

Repurchase Agreements

     —           7,663,837        —           7,663,837   

Time Deposits

     —           226,717        —           226,717   

Total Securities Lending Reinvestments

     —           9,289,570        —           9,289,570   

Total Investments

   $ 1,124,811,443       $ 32,741,513      $ —         $ 1,157,552,956   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (9,289,396   $ —         $ (9,289,396

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-75


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—99.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.7%

  

Boeing Co. (The)

    346,603      $ 45,661,479   
   

 

 

 

Automobiles—0.9%

  

Tesla Motors, Inc. (a) (b)

    122,058        24,903,494   
   

 

 

 

Beverages—1.6%

  

Constellation Brands, Inc. - Class A

    84,769        14,113,191   

Monster Beverage Corp. (a)

    186,418        27,368,026   
   

 

 

 
      41,481,217   
   

 

 

 

Biotechnology—8.9%

  

Alexion Pharmaceuticals, Inc. (a)

    272,070        33,339,458   

Biogen, Inc. (a)

    94,647        29,627,350   

BioMarin Pharmaceutical, Inc. (a)

    196,314        18,162,971   

Celgene Corp. (a)

    566,606        59,227,325   

Regeneron Pharmaceuticals, Inc. (a)

    75,736        30,447,387   

Shire plc (ADR)

    268,572        52,065,368   

Vertex Pharmaceuticals, Inc. (a)

    191,822        16,728,797   
   

 

 

 
      239,598,656   
   

 

 

 

Capital Markets—3.0%

  

Goldman Sachs Group, Inc. (The)

    147,250        23,747,007   

Morgan Stanley

    777,663        24,931,876   

S&P Global, Inc.

    244,430        30,935,061   
   

 

 

 
      79,613,944   
   

 

 

 

Chemicals—0.3%

  

Albemarle Corp.

    99,487        8,505,144   
   

 

 

 

Communications Equipment—1.0%

  

Palo Alto Networks, Inc. (a)

    170,708        27,198,906   
   

 

 

 

Energy Equipment & Services—0.5%

  

Schlumberger, Ltd.

    163,776        12,879,345   
   

 

 

 

Equity Real Estate Investment Trusts—1.3%

  

American Tower Corp.

    310,015        35,134,000   
   

 

 

 

Food & Staples Retailing—1.5%

  

Costco Wholesale Corp.

    262,264        39,997,883   
   

 

 

 

Hotels, Restaurants & Leisure—4.3%

  

Marriott International, Inc. - Class A

    626,071        42,153,360   

McDonald’s Corp.

    252,298        29,105,097   

Starbucks Corp.

    788,112        42,668,384   
   

 

 

 
      113,926,841   
   

 

 

 

Industrial Conglomerates—0.9%

  

General Electric Co.

    811,601        24,039,622   
   

 

 

 

Internet & Direct Marketing Retail—10.0%

  

Amazon.com, Inc. (a)

    198,898        166,539,284   

Expedia, Inc.

    41,236        4,813,066   

Netflix, Inc. (a)

    497,890        49,067,060   

Priceline Group, Inc. (The) (a)

    32,990        48,544,455   
   

 

 

 
      268,963,865   
   

 

 

 

Internet Software & Services—17.2%

  

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

    871,361      92,181,280   

Alphabet, Inc. - Class A (a)

    100,578        80,870,747   

Alphabet, Inc. - Class C (a)

    102,460        79,641,133   

Facebook, Inc. - Class A (a)

    984,611        126,296,053   

Tencent Holdings, Ltd. (b)

    2,974,550        82,419,365   
   

 

 

 
      461,408,578   
   

 

 

 

IT Services—6.4%

  

MasterCard, Inc.

    750,847        76,413,699   

Visa, Inc. - Class A

    1,131,527        93,577,283   
   

 

 

 
      169,990,982   
   

 

 

 

Life Sciences Tools & Services—1.0%

  

Illumina, Inc. (a)

    147,495        26,793,942   
   

 

 

 

Media—1.7%

  

Time Warner, Inc.

    386,885        30,799,915   

Walt Disney Co. (The)

    145,447        13,506,208   
   

 

 

 
      44,306,123   
   

 

 

 

Oil, Gas & Consumable Fuels—1.3%

  

Concho Resources, Inc. (a)

    155,760        21,393,636   

EOG Resources, Inc.

    140,585        13,595,975   
   

 

 

 
      34,989,611   
   

 

 

 

Pharmaceuticals—3.6%

  

Allergan plc (a)

    216,181        49,788,646   

Bristol-Myers Squibb Co.

    671,398        36,201,780   

Novo Nordisk A/S (ADR)

    266,301        11,075,459   
   

 

 

 
      97,065,885   
   

 

 

 

Semiconductors & Semiconductor Equipment—4.3%

  

NVIDIA Corp.

    491,350        33,667,302   

NXP Semiconductors NV (a)

    372,349        37,983,321   

QUALCOMM, Inc.

    623,082        42,681,117   
   

 

 

 
      114,331,740   
   

 

 

 

Software—11.5%

  

Adobe Systems, Inc. (a)

    585,740        63,576,220   

Microsoft Corp.

    1,389,653        80,044,013   

Mobileye NV (a)

    232,786        9,909,700   

Red Hat, Inc. (a)

    524,217        42,372,460   

Salesforce.com, Inc. (a)

    727,105        51,864,400   

Splunk, Inc. (a)

    462,253        27,125,006   

Workday, Inc. - Class A (a)

    359,247        32,939,357   
   

 

 

 
      307,831,156   
   

 

 

 

Specialty Retail—6.9%

  

Home Depot, Inc. (The)

    302,589        38,937,152   

Industria de Diseno Textil S.A.

    1,768,566        65,561,678   

O’Reilly Automotive, Inc. (a)

    175,642        49,199,081   

TJX Cos., Inc. (The)

    421,685        31,533,604   
   

 

 

 
      185,231,515   
   

 

 

 

 

MSF-76


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Technology Hardware, Storage & Peripherals—5.2%

  

Apple, Inc.

    1,238,409      $ 140,002,137   
   

 

 

 

Textiles, Apparel & Luxury Goods—4.5%

  

adidas AG

    272,286        47,257,272   

lululemon athletica, Inc. (a) (b)

    271,047        16,528,446   

NIKE, Inc. - Class B

    1,055,800        55,587,870   
   

 

 

 
      119,373,588   
   

 

 

 

Total Common Stocks
(Cost $1,894,210,676)

      2,663,229,653   
   

 

 

 
Short-Term Investment—0.2%   

Repurchase Agreement—0.2%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $4,873,580 on 10/03/16, collateralized by $4,840,000 U.S. Treasury Note at 1.625% due 11/30/20 with a value of $4,973,100.

    4,873,568        4,873,568   
   

 

 

 

Total Short-Term Investments
(Cost $4,873,568)

      4,873,568   
   

 

 

 
Securities Lending Reinvestments (c)—1.9%   

Certificates of Deposit—0.3%

  

Abbey National Treasury Services
0.440%, 10/03/16

    600,000        600,000   

Bank of Nova Scotia
0.750%, 10/19/16

    1,000,000        1,000,109   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    1,000,000        1,000,001   

KBC Bank NV
Zero Coupon, 12/27/16

    250,000        249,653   

National Bank of Canada
0.420%, 10/06/16

    2,500,000        2,499,997   

Norinchukin Bank
0.480%, 10/24/16

    250,000        250,000   

Standard Chartered Bank New York
0.910%, 12/16/16

    1,400,000        1,400,108   

Sumitomo Mitsui Trust Bank
0.420%, 10/04/16

    2,000,000        2,000,000   
   

 

 

 
      8,999,868   
   

 

 

 

Commercial Paper—0.2%

  

Albion Capital Corp.
0.720%, 10/25/16

    1,000,000        999,681   

Charta LLC
0.880%, 12/22/16

    2,500,000        2,495,222   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    250,000        249,866   

Commercial Paper—(Continued)

  

Kells Funding LLC
1.040%, 01/19/17

    1,400,000      $ 1,395,843   
   

 

 

 
      5,140,612   
   

 

 

 

Repurchase Agreements—1.2%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $8,300,646 on 10/03/16, collateralized by $7,843,625 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $8,466,002.

    8,300,000        8,300,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $8,300,576 on 10/03/16, collateralized by $8,148,304 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $8,466,007.

    8,300,000        8,300,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $1,000,038 on 10/03/16, collateralized by $788,880 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $1,020,014.

    1,000,000        1,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $7,400,571 on 10/03/16, collateralized by $7,064,625 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $7,551,157.

    7,400,000        7,400,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $987,380 on 10/03/16, collateralized by $815,727 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $1,007,088.

    987,341        987,341   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $6,000,350 on 10/03/16, collateralized by $9,597,366 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $6,120,357.

    6,000,000        6,000,000   

 

MSF-77


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $1,000,043 on 10/03/16, collateralized by $1,411,875 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $1,020,000.

    1,000,000      $ 1,000,000   
   

 

 

 
      32,987,341   
   

 

 

 

Time Deposits—0.2%

  

ANZ London
0.420%, 10/03/16

    100,000        100,000   

Canadian Imperial Bank
0.260%, 10/03/16

    2,000,000        2,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    1,200,000        1,200,000   

Royal Bank of Canada
0.280%, 10/03/16

    1,200,000        1,200,000   
   

 

 

 
      4,500,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $51,627,034)

      51,627,821   
   

 

 

 

Total Investments—101.6%
(Cost $1,950,711,278) (d)

      2,719,731,042   

Other assets and liabilities (net)—(1.6)%

      (42,177,641
   

 

 

 
Net Assets—100.0%     $ 2,677,553,401   
   

 

 

 
* 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 September 30, 2016, the market value of securities loaned was $51,020,260 and the collateral received consisted of cash in the amount of $51,626,998. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $1,950,711,278. The aggregate unrealized appreciation and depreciation of investments were $805,561,864 and $(36,542,100), respectively, resulting in net unrealized appreciation of $769,019,764.
(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-78


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 45,661,479       $ —        $ —         $ 45,661,479   

Automobiles

     24,903,494         —          —           24,903,494   

Beverages

     41,481,217         —          —           41,481,217   

Biotechnology

     239,598,656         —          —           239,598,656   

Capital Markets

     79,613,944         —          —           79,613,944   

Chemicals

     8,505,144         —          —           8,505,144   

Communications Equipment

     27,198,906         —          —           27,198,906   

Energy Equipment & Services

     12,879,345         —          —           12,879,345   

Equity Real Estate Investment Trusts

     35,134,000         —          —           35,134,000   

Food & Staples Retailing

     39,997,883         —          —           39,997,883   

Hotels, Restaurants & Leisure

     113,926,841         —          —           113,926,841   

Industrial Conglomerates

     24,039,622         —          —           24,039,622   

Internet & Direct Marketing Retail

     268,963,865         —          —           268,963,865   

Internet Software & Services

     378,989,213         82,419,365        —           461,408,578   

IT Services

     169,990,982         —          —           169,990,982   

Life Sciences Tools & Services

     26,793,942         —          —           26,793,942   

Media

     44,306,123         —          —           44,306,123   

Oil, Gas & Consumable Fuels

     34,989,611         —          —           34,989,611   

Pharmaceuticals

     97,065,885         —          —           97,065,885   

Semiconductors & Semiconductor Equipment

     114,331,740         —          —           114,331,740   

Software

     307,831,156         —          —           307,831,156   

Specialty Retail

     119,669,837         65,561,678        —           185,231,515   

Technology Hardware, Storage & Peripherals

     140,002,137         —          —           140,002,137   

Textiles, Apparel & Luxury Goods

     72,116,316         47,257,272        —           119,373,588   

Total Common Stocks

     2,467,991,338         195,238,315        —           2,663,229,653   

Total Short-Term Investment*

     —           4,873,568        —           4,873,568   
Securities Lending Reinvestments           

Certificates of Deposit

     —           8,999,868        —           8,999,868   

Commercial Paper

     —           5,140,612        —           5,140,612   

Repurchase Agreements

     —           32,987,341        —           32,987,341   

Time Deposits

     —           4,500,000        —           4,500,000   

Total Securities Lending Reinvestments

     —           51,627,821        —           51,627,821   

Total Investments

   $ 2,467,991,338       $ 251,739,704      $ —         $ 2,719,731,042   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (51,626,998   $ —         $ (51,626,998

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-79


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—98.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.8%

  

Aerojet Rocketdyne Holdings, Inc. (a)

    72,189      $ 1,269,083   

BWX Technologies, Inc.

    72,196        2,770,160   

DigitalGlobe, Inc. (a)

    76,205        2,095,637   

Hexcel Corp.

    33,876        1,500,707   
   

 

 

 
      7,635,587   
   

 

 

 

Auto Components—1.8%

  

Cooper Tire & Rubber Co.

    38,074        1,447,574   

Dorman Products, Inc. (a)

    22,723        1,452,000   

Drew Industries, Inc.

    10,674        1,046,265   

Fox Factory Holding Corp. (a)

    51,365        1,179,854   

Horizon Global Corp. (a)

    86,870        1,731,319   

Tenneco, Inc. (a)

    17,896        1,042,800   
   

 

 

 
      7,899,812   
   

 

 

 

Banks—12.8%

  

BancorpSouth, Inc.

    125,361        2,908,375   

Bank of the Ozarks, Inc.

    44,828        1,721,395   

Bryn Mawr Bank Corp.

    71,718        2,294,259   

Cathay General Bancorp

    125,984        3,877,788   

Chemical Financial Corp.

    91,657        4,044,823   

CVB Financial Corp.

    142,216        2,504,424   

First Financial Bancorp

    144,502        3,155,924   

First Financial Bankshares, Inc. (b)

    53,940        1,965,574   

Home BancShares, Inc.

    109,626        2,281,317   

Iberiabank Corp.

    46,332        3,109,804   

LegacyTexas Financial Group, Inc.

    44,495        1,407,377   

PacWest Bancorp

    65,575        2,813,823   

Pinnacle Financial Partners, Inc.

    82,714        4,473,173   

Popular, Inc.

    75,510        2,885,992   

PrivateBancorp, Inc.

    37,509        1,722,413   

Prosperity Bancshares, Inc.

    49,310        2,706,626   

Renasant Corp.

    40,562        1,364,100   

Signature Bank (a)

    29,196        3,458,266   

Texas Capital Bancshares, Inc. (a)

    38,371        2,107,335   

Triumph Bancorp, Inc. (a)

    71,247        1,413,541   

Wintrust Financial Corp.

    61,820        3,435,337   
   

 

 

 
      55,651,666   
   

 

 

 

Beverages—0.6%

  

Cott Corp.

    185,654        2,645,570   
   

 

 

 

Biotechnology—0.8%

  

Genomic Health, Inc. (a)

    40,155        1,161,282   

Ironwood Pharmaceuticals, Inc. (a)

    81,557        1,295,125   

Lexicon Pharmaceuticals, Inc. (a) (b)

    63,438        1,146,325   
   

 

 

 
      3,602,732   
   

 

 

 

Building Products—2.3%

  

Apogee Enterprises, Inc.

    60,453        2,701,644   

Armstrong World Industries, Inc. (a)

    43,018        1,777,504   

Gibraltar Industries, Inc. (a)

    19,664        730,518   

Masonite International Corp. (a)

    29,564        1,837,994   

Patrick Industries, Inc. (a)

    20,701        1,281,806   

Trex Co., Inc. (a)

    27,923        1,639,638   
   

 

 

 
      9,969,104   
   

 

 

 

Capital Markets—1.9%

  

Financial Engines, Inc.

    46,637      1,385,585   

Hercules Capital, Inc.

    122,023        1,654,632   

MarketAxess Holdings, Inc.

    19,036        3,152,171   

Stifel Financial Corp. (a)

    53,544        2,058,767   
   

 

 

 
      8,251,155   
   

 

 

 

Chemicals—0.9%

  

Cabot Corp.

    33,522        1,756,888   

Minerals Technologies, Inc.

    33,085        2,338,779   
   

 

 

 
      4,095,667   
   

 

 

 

Commercial Services & Supplies—3.3%

  

Clean Harbors, Inc. (a)

    26,285        1,261,154   

Healthcare Services Group, Inc.

    47,929        1,897,030   

KAR Auction Services, Inc.

    86,743        3,743,828   

Kimball International, Inc. - Class B

    81,822        1,058,777   

Knoll, Inc.

    28,418        649,351   

RR Donnelley & Sons Co.

    91,480        1,438,065   

Team, Inc. (a)

    6,108        199,793   

Viad Corp.

    66,814        2,463,432   

West Corp.

    81,213        1,793,183   
   

 

 

 
      14,504,613   
   

 

 

 

Communications Equipment—1.2%

  

ARRIS International plc (a)

    64,351        1,823,064   

Calix, Inc. (a)

    100,843        741,196   

Digi International, Inc. (a)

    95,393        1,087,480   

Viavi Solutions, Inc. (a)

    197,588        1,460,175   
   

 

 

 
      5,111,915   
   

 

 

 

Construction & Engineering—1.8%

  

Argan, Inc.

    31,011        1,835,541   

Granite Construction, Inc.

    39,046        1,942,148   

MYR Group, Inc. (a)

    47,762        1,437,636   

Primoris Services Corp.

    61,250        1,261,750   

Quanta Services, Inc. (a)

    51,328        1,436,671   
   

 

 

 
      7,913,746   
   

 

 

 

Construction Materials—0.5%

  

Summit Materials, Inc. - Class A (a)

    61,836        1,147,058   

U.S. Concrete, Inc. (a)

    26,382        1,215,287   
   

 

 

 
      2,362,345   
   

 

 

 

Consumer Finance—0.3%

  

PRA Group, Inc. (a)

    40,694        1,405,571   
   

 

 

 

Distributors—0.9%

  

Core-Mark Holding Co., Inc.

    61,419        2,198,800   

Pool Corp.

    19,212        1,815,918   
   

 

 

 
      4,014,718   
   

 

 

 

Diversified Consumer Services—1.5%

  

Bright Horizons Family Solutions, Inc. (a)

    31,851        2,130,513   

Grand Canyon Education, Inc. (a)

    37,662        1,521,168   

 

MSF-80


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Consumer Services—(Continued)

  

Houghton Mifflin Harcourt Co. (a)

    77,103      $ 1,033,951   

Nord Anglia Education, Inc. (a)

    77,634        1,690,869   
   

 

 

 
      6,376,501   
   

 

 

 

Diversified Financial Services—0.5%

  

FNFV Group (a)

    160,467        2,002,628   
   

 

 

 

Diversified Telecommunication Services—0.8%

  

Cogent Communications Holdings, Inc.

    44,185        1,626,450   

ORBCOMM, Inc. (a)

    160,478        1,644,899   
   

 

 

 
      3,271,349   
   

 

 

 

Electric Utilities—0.8%

  

ALLETE, Inc.

    55,503        3,309,089   
   

 

 

 

Electrical Equipment—1.1%

  

AZZ, Inc.

    15,920        1,039,098   

Babcock & Wilcox Enterprises, Inc. (a)

    95,788        1,580,502   

EnerSys

    9,854        681,798   

Generac Holdings, Inc. (a)

    39,646        1,439,150   
   

 

 

 
      4,740,548   
   

 

 

 

Electronic Equipment, Instruments & Components—3.9%

  

Belden, Inc.

    29,998        2,069,562   

II-VI, Inc. (a)

    72,501        1,763,949   

IPG Photonics Corp. (a)

    16,984        1,398,633   

Kimball Electronics, Inc. (a)

    23,162        321,025   

Littelfuse, Inc.

    34,223        4,408,265   

Methode Electronics, Inc.

    59,503        2,080,820   

Orbotech, Ltd. (a)

    40,765        1,207,052   

Rogers Corp. (a)

    33,449        2,043,065   

VeriFone Systems, Inc. (a)

    38,737        609,720   

Vishay Intertechnology, Inc.

    82,858        1,167,469   
   

 

 

 
      17,069,560   
   

 

 

 

Energy Equipment & Services—1.8%

  

Bristow Group, Inc.

    39,764        557,491   

Dril-Quip, Inc. (a)

    18,683        1,041,391   

Natural Gas Services Group, Inc. (a)

    67,192        1,652,251   

RPC, Inc. (a) (b)

    91,061        1,529,825   

U.S. Silica Holdings, Inc. (b)

    67,138        3,125,945   
   

 

 

 
      7,906,903   
   

 

 

 

Equity Real Estate Investment Trusts—4.4%

  

American Campus Communities, Inc.

    50,208        2,554,081   

CubeSmart

    106,311        2,898,038   

Hersha Hospitality Trust

    75,629        1,362,835   

Life Storage, Inc.

    20,233        1,799,523   

Mid-America Apartment Communities, Inc.

    32,704        3,073,849   

National Retail Properties, Inc.

    42,345        2,153,243   

Retail Opportunity Investments Corp.

    177,486        3,897,592   

Sabra Health Care REIT, Inc.

    47,990        1,208,388   
   

 

 

 
      18,947,549   
   

 

 

 

Food & Staples Retailing—0.5%

  

SpartanNash Co.

    81,622      2,360,508   
   

 

 

 

Food Products—2.0%

  

Amplify Snack Brands, Inc. (a) (b)

    91,850        1,487,970   

Darling Ingredients, Inc. (a)

    87,244        1,178,666   

J&J Snack Foods Corp.

    6,991        832,768   

Post Holdings, Inc. (a)

    48,576        3,748,610   

Snyder’s-Lance, Inc.

    42,190        1,416,740   
   

 

 

 
      8,664,754   
   

 

 

 

Health Care Equipment & Supplies—3.9%

  

Cynosure, Inc. - Class A (a)

    57,700        2,939,238   

Halyard Health, Inc. (a)

    55,540        1,925,016   

Inogen, Inc. (a)

    29,053        1,740,275   

Insulet Corp. (a)

    43,615        1,785,598   

Integra LifeSciences Holdings Corp. (a)

    21,756        1,795,958   

Merit Medical Systems, Inc. (a)

    10,781        261,871   

Neogen Corp. (a)

    27,730        1,551,216   

Nevro Corp. (a) (b)

    11,817        1,233,577   

SurModics, Inc. (a)

    42,270        1,271,904   

Teleflex, Inc.

    4,089        687,156   

Wright Medical Group NV (a)

    66,043        1,620,035   
   

 

 

 
      16,811,844   
   

 

 

 

Health Care Providers & Services—2.3%

  

Acadia Healthcare Co., Inc. (a)

    24,982        1,237,858   

AMN Healthcare Services, Inc. (a)

    46,128        1,470,099   

Amsurg Corp. (a)

    19,548        1,310,694   

Ensign Group, Inc. (The)

    53,241        1,071,741   

HealthEquity, Inc. (a)

    40,888        1,547,611   

PharMerica Corp. (a)

    73,609        2,066,205   

WellCare Health Plans, Inc. (a)

    12,568        1,471,587   
   

 

 

 
      10,175,795   
   

 

 

 

Health Care Technology—1.0%

  

Evolent Health, Inc. - Class A (a)

    41,244        1,015,427   

Medidata Solutions, Inc. (a)

    33,215        1,852,068   

Press Ganey Holdings, Inc. (a) (b)

    36,084        1,457,794   
   

 

 

 
      4,325,289   
   

 

 

 

Hotels, Restaurants & Leisure—3.7%

  

Carrols Restaurant Group, Inc. (a)

    91,367        1,206,958   

Churchill Downs, Inc.

    21,073        3,084,034   

Chuy’s Holdings, Inc. (a)

    44,897        1,254,422   

Cracker Barrel Old Country Store, Inc. (b)

    6,635        877,280   

Del Frisco’s Restaurant Group, Inc. (a)

    22,265        299,910   

J. Alexander’s Holdings, Inc. (a)

    37,861        383,532   

Marriott Vacations Worldwide Corp.

    34,539        2,532,399   

Popeyes Louisiana Kitchen, Inc. (a)

    20,271        1,077,201   

Six Flags Entertainment Corp.

    49,199        2,637,558   

Texas Roadhouse, Inc.

    26,651        1,040,189   

Vail Resorts, Inc.

    12,038        1,888,521   
   

 

 

 
      16,282,004   
   

 

 

 

 

MSF-81


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Durables—1.3%

  

Helen of Troy, Ltd. (a)

    24,675      $ 2,126,245   

Installed Building Products, Inc. (a)

    26,997        968,382   

iRobot Corp. (a) (b)

    28,584        1,257,124   

Universal Electronics, Inc. (a)

    16,984        1,264,629   
   

 

 

 
      5,616,380   
   

 

 

 

Household Products—0.3%

  

HRG Group, Inc. (a)

    82,704        1,298,453   
   

 

 

 

Industrial Conglomerates—0.5%

  

Raven Industries, Inc.

    86,486        1,991,773   
   

 

 

 

Insurance—2.4%

  

Atlas Financial Holdings, Inc. (a)

    34,991        551,808   

Employers Holdings, Inc.

    103,942        3,100,590   

First American Financial Corp.

    34,469        1,353,942   

ProAssurance Corp.

    45,299        2,377,292   

Reinsurance Group of America, Inc.

    27,885        3,009,907   
   

 

 

 
      10,393,539   
   

 

 

 

Internet & Direct Marketing Retail—1.2%

  

1-800-Flowers.com, Inc. - Class A (a)

    145,517        1,334,391   

HSN, Inc.

    22,661        901,908   

Liberty Ventures - Series A (a)

    56,123        2,237,624   

Wayfair, Inc. - Class A (a) (b)

    22,967        904,211   
   

 

 

 
      5,378,134   
   

 

 

 

Internet Software & Services—3.0%

  

2U, Inc. (a)

    37,082        1,419,870   

Benefitfocus, Inc. (a) (b)

    27,119        1,082,590   

CommerceHub, Inc. - Series A (a)

    5,612        88,670   

CommerceHub, Inc. - Series C (a)

    49,308        784,490   

Criteo S.A. (ADR) (a) (b)

    37,804        1,327,298   

Envestnet, Inc. (a)

    18,907        689,160   

IAC/InterActiveCorp

    25,996        1,623,970   

LogMeIn, Inc.

    19,009        1,718,224   

Q2 Holdings, Inc. (a)

    57,821        1,657,150   

Quotient Technology, Inc. (a)

    55,055        732,782   

Wix.com, Ltd. (a)

    39,850        1,730,686   
   

 

 

 
      12,854,890   
   

 

 

 

IT Services—4.9%

  

Booz Allen Hamilton Holding Corp.

    80,913        2,557,660   

CSG Systems International, Inc.

    33,079        1,367,155   

DST Systems, Inc.

    24,972        2,944,698   

EPAM Systems, Inc. (a)

    16,587        1,149,645   

Euronet Worldwide, Inc. (a)

    67,380        5,513,705   

ExlService Holdings, Inc. (a)

    26,895        1,340,447   

InterXion Holding NV (a)

    47,472        1,719,436   

Perficient, Inc. (a)

    84,986        1,712,468   

WEX, Inc. (a)

    26,084        2,819,420   
   

 

 

 
      21,124,634   
   

 

 

 

Life Sciences Tools & Services—1.8%

  

Accelerate Diagnostics, Inc. (a) (b)

    41,050      1,119,023   

Albany Molecular Research, Inc. (a) (b)

    94,016        1,552,204   

INC Research Holdings, Inc. - Class A (a)

    30,172        1,345,068   

PRA Health Sciences, Inc. (a)

    29,348        1,658,455   

VWR Corp. (a)

    81,539        2,312,446   
   

 

 

 
      7,987,196   
   

 

 

 

Machinery—3.6%

  

Alamo Group, Inc.

    18,612        1,226,345   

Albany International Corp. - Class A

    51,129        2,166,847   

Altra Industrial Motion Corp.

    25,124        727,842   

Astec Industries, Inc.

    22,835        1,367,131   

John Bean Technologies Corp.

    46,234        3,261,809   

Middleby Corp. (The) (a)

    12,649        1,563,669   

RBC Bearings, Inc. (a)

    56,710        4,337,181   

Standex International Corp.

    8,631        801,561   
   

 

 

 
      15,452,385   
   

 

 

 

Marine—0.3%

  

Kirby Corp. (a)

    21,828        1,356,828   
   

 

 

 

Media—1.8%

  

EW Scripps Co. (The) - Class A (a)

    135,084        2,147,836   

John Wiley & Sons, Inc. - Class A

    40,041        2,066,516   

National CineMedia, Inc.

    137,768        2,027,945   

New Media Investment Group, Inc.

    97,104        1,505,112   
   

 

 

 
      7,747,409   
   

 

 

 

Metals & Mining—0.7%

  

Ferroglobe plc

    141,548        1,278,178   

Haynes International, Inc.

    42,162        1,564,632   
   

 

 

 
      2,842,810   
   

 

 

 

Multi-Utilities—0.7%

  

NorthWestern Corp.

    50,004        2,876,730   
   

 

 

 

Oil, Gas & Consumable Fuels—1.6%

  

Diamondback Energy, Inc. (a)

    17,116        1,652,379   

PDC Energy, Inc. (a)

    20,698        1,388,008   

QEP Resources, Inc.

    95,244        1,860,115   

Synergy Resources Corp. (a) (b)

    278,959        1,933,186   
   

 

 

 
      6,833,688   
   

 

 

 

Pharmaceuticals—1.5%

  

Akorn, Inc. (a)

    38,859        1,059,296   

Catalent, Inc. (a)

    58,046        1,499,909   

Dermira, Inc. (a)

    25,654        867,618   

Medicines Co. (The) (a)

    24,952        941,689   

Nektar Therapeutics (a)

    54,748        940,571   

Supernus Pharmaceuticals, Inc. (a)

    53,455        1,321,942   
   

 

 

 
      6,631,025   
   

 

 

 

Professional Services—1.3%

  

FTI Consulting, Inc. (a)

    31,415        1,399,852   

Insperity, Inc.

    16,037        1,164,928   

 

MSF-82


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

Professional Services—(Continued)

  

Korn/Ferry International

    57,250      $ 1,202,250   

WageWorks, Inc. (a)

    33,174        2,020,628   
   

 

 

 
      5,787,658   
   

 

 

 

Real Estate Management & Development—0.2%

  

HFF, Inc. - Class A

    27,414        759,094   
   

 

 

 

Road & Rail—1.1%

  

Avis Budget Group, Inc. (a)

    27,857        952,988   

Genesee & Wyoming, Inc. - Class A (a)

    24,991        1,723,130   

Old Dominion Freight Line, Inc. (a)

    28,758        1,973,086   
   

 

 

 
      4,649,204   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.4%

  

Advanced Energy Industries, Inc. (a)

    53,730        2,542,504   

Inphi Corp. (a)

    41,864        1,821,503   

Intersil Corp. - Class A

    65,921        1,445,648   

MKS Instruments, Inc.

    41,539        2,065,734   

Monolithic Power Systems, Inc.

    25,338        2,039,709   

Semtech Corp. (a)

    37,087        1,028,422   

Silicon Laboratories, Inc. (a)

    29,714        1,747,183   

Teradyne, Inc.

    98,211        2,119,393   
   

 

 

 
      14,810,096   
   

 

 

 

Software—3.5%

  

Blackbaud, Inc.

    26,753        1,774,794   

Callidus Software, Inc. (a)

    77,929        1,429,997   

FleetMatics Group plc (a)

    24,565        1,473,409   

Guidewire Software, Inc. (a)

    37,845        2,269,943   

RingCentral, Inc. - Class A (a)

    65,534        1,550,534   

Synchronoss Technologies, Inc. (a)

    61,108        2,516,428   

Ultimate Software Group, Inc. (The) (a)

    11,580        2,366,836   

Verint Systems, Inc. (a)

    43,631        1,641,835   
   

 

 

 
      15,023,776   
   

 

 

 

Specialty Retail—1.7%

  

Barnes & Noble, Inc.

    75,681        855,195   

Genesco, Inc. (a)

    38,244        2,082,768   

Monro Muffler Brake, Inc.

    19,294        1,180,214   

Office Depot, Inc.

    239,820        856,158   

Sally Beauty Holdings, Inc. (a)

    50,164        1,288,212   

Tile Shop Holdings, Inc. (a)

    80,493        1,332,159   
   

 

 

 
      7,594,706   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.6%

  

Columbia Sportswear Co.

    21,085        1,196,363   

Steven Madden, Ltd. (a)

    38,303        1,323,752   
   

 

 

 
      2,520,115   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

  

Essent Group, Ltd. (a)

    56,081        1,492,315   

Federal Agricultural Mortgage Corp. - Class C

    33,757        1,333,402   
   

 

 

 
      2,825,717   
   

 

 

 

Trading Companies & Distributors—0.5%

  

Beacon Roofing Supply, Inc. (a)

    29,755      1,251,793   

SiteOne Landscape Supply, Inc. (a)

    29,348        1,054,474   
   

 

 

 
      2,306,267   
   

 

 

 

Transportation Infrastructure—0.5%

  

Macquarie Infrastructure Corp.

    25,989        2,163,325   
   

 

 

 

Total Common Stocks
(Cost $311,615,459)

      426,134,354   
   

 

 

 
Short-Term Investment—2.2%   

Repurchase Agreement—2.2%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $9,355,223 on 10/03/16, collateralized by $9,290,000 U.S. Treasury Note at 1.625% due 11/30/20 with a value of $9,545,475.

    9,355,199        9,355,199   
   

 

 

 

Total Short-Term Investments
(Cost $9,355,199)

      9,355,199   
   

 

 

 
Securities Lending Reinvestments (c)—3.7%   

Certificates of Deposit—1.1%

  

Abbey National Treasury Services
0.440%, 10/03/16

    500,000        500,000   

ABN AMRO Bank NV
Zero Coupon, 12/22/16

    250,000        249,468   

Bank of Montreal
0.500%, 10/24/16

    250,000        250,000   

Bank of Nova Scotia
0.750%, 10/19/16

    300,000        300,033   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    250,000        250,000   

Chiba Bank Ltd, New York
0.870%, 11/30/16

    400,000        400,067   

DZ Bank AG
0.950%, 01/03/17

    250,000        250,000   

KBC Bank NV
Zero Coupon, 12/27/16

    400,000        399,444   

1.000%, 01/04/17

    250,000        250,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    300,000        300,000   

National Bank of Canada
0.420%, 10/06/16

    300,000        300,000   

0.480%, 10/28/16

    200,000        199,999   

Norinchukin Bank
0.480%, 10/24/16

    400,000        400,000   

Standard Chartered Bank New York
0.910%, 12/16/16

    100,000        100,008   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    500,000        500,014   

 

MSF-83


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Certificates of Deposit—(Continued)

  

Swedbank
0.350%, 10/03/16

    300,000      $ 299,999   
   

 

 

 
      4,949,032   
   

 

 

 

Commercial Paper—0.5%

  

Albion Capital Corp.
0.720%, 10/25/16

    150,000        149,952   

BNP Paribas
0.510%, 10/21/16

    300,000        299,924   

Charta LLC
0.880%, 12/22/16

    400,000        399,236   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    400,000        399,785   

Credit Suisse AG
0.971%, 10/19/16

    200,000        199,998   

Kells Funding LLC
1.040%, 01/19/17

    100,000        99,703   

LMA S.A. & LMA Americas
0.580%, 10/17/16

    50,000        49,988   

Manhattan Asset Funding
0.740%, 11/28/16

    250,000        249,752   

Ridgefield Funding Co. LLC
0.650%, 10/26/16

    100,000        99,949   

Victory Receivables Corp.
1.050%, 01/04/17

    300,000        299,239   
   

 

 

 
      2,247,526   
   

 

 

 

Repurchase Agreements—2.0%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $1,700,132 on 10/03/16, collateralized by $1,606,526 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $1,734,000.

    1,700,000        1,700,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $1,700,118 on 10/03/16, collateralized by $1,668,930 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $1,734,002.

    1,700,000        1,700,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $1,000,042 on 10/03/16, collateralized by $972,192 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $1,020,000.

    1,000,000        1,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $1,000,038 on 10/03/16, collateralized by $788,800 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $1,020,014.

    1,000,000        1,000,000   

Repurchase Agreements—(Continued)

  

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $1,100,090 on 10/03/16, collateralized by $1,050,147 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $1,122,469.

    1,100,000      1,100,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $119,903 on 10/03/16, collateralized by $99,058 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $122,297.

    119,899        119,899   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $800,058 on 10/04/16, collateralized by $769,419 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $816,000.

    800,000        800,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $700,030 on 10/03/16, collateralized by $988,313 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $714,000.

    700,000        700,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $500,019 on 10/03/16, collateralized by $468,090 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $510,010.

    500,000        500,000   
   

 

 

 
      8,619,899   
   

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    55,122        55,122   

DBS Bank Limited, Singapore
0.380%, 10/04/16

    200,000        200,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    100,000        100,000   

Royal Bank of Canada
0.280%, 10/03/16

    100,000        100,000   
   

 

 

 
      455,122   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $16,271,023)

      16,271,579   
   

 

 

 

Total Investments—104.0%
(Cost $337,241,681) (d)

      451,761,132   

Other assets and liabilities (net)—(4.0)%

      (17,466,759
   

 

 

 
Net Assets—100.0%     $ 434,294,373   
   

 

 

 

 

MSF-84


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $15,659,985 and the collateral received consisted of cash in the amount of $15,770,974. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $337,241,681. The aggregate unrealized appreciation and depreciation of investments were $123,725,228 and $(9,205,777), respectively, resulting in net unrealized appreciation of $114,519,451.
(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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 426,134,354       $ —        $ —         $ 426,134,354   

Total Short-Term Investment*

     —           9,355,199        —           9,355,199   
Securities Lending Reinvestments           

Certificates of Deposit

     —           4,949,032        —           4,949,032   

Commercial Paper

     —           2,247,526        —           2,247,526   

Repurchase Agreements

     —           8,619,899        —           8,619,899   

Time Deposits

     —           455,122        —           455,122   

Total Securities Lending Reinvestments

     —           16,271,579        —           16,271,579   

Total Investments

   $ 426,134,354       $ 25,626,778      $ —         $ 451,761,132   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (15,770,974   $ —         $ (15,770,974

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-85


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—96.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.0%

  

Hexcel Corp.

    80,949      $ 3,586,041   
   

 

 

 

Auto Components—1.7%

  

Dorman Products, Inc. (a)

    54,298        3,469,642   

Drew Industries, Inc.

    25,507        2,500,196   
   

 

 

 
      5,969,838   
   

 

 

 

Banks—4.2%

  

Chemical Financial Corp.

    73,265        3,233,184   

Pinnacle Financial Partners, Inc.

    72,244        3,906,955   

PrivateBancorp, Inc.

    89,630        4,115,810   

Renasant Corp.

    96,925        3,259,588   
   

 

 

 
      14,515,537   
   

 

 

 

Biotechnology—2.5%

  

Genomic Health, Inc. (a)

    95,952        2,774,932   

Ironwood Pharmaceuticals, Inc. (a)

    195,030        3,097,076   

Lexicon Pharmaceuticals, Inc. (a) (b)

    151,588        2,739,195   
   

 

 

 
      8,611,203   
   

 

 

 

Building Products—2.2%

  

Apogee Enterprises, Inc.

    85,691        3,829,531   

Trex Co., Inc. (a)

    66,724        3,918,033   
   

 

 

 
      7,747,564   
   

 

 

 

Capital Markets—2.5%

  

Financial Engines, Inc.

    111,442        3,310,942   

MarketAxess Holdings, Inc.

    32,049        5,306,994   
   

 

 

 
      8,617,936   
   

 

 

 

Commercial Services & Supplies—1.4%

  

Healthcare Services Group, Inc.

    114,530        4,533,097   

Team, Inc. (a)

    14,607        477,795   
   

 

 

 
      5,010,892   
   

 

 

 

Construction & Engineering—2.2%

  

Granite Construction, Inc.

    93,302        4,640,841   

Primoris Services Corp.

    146,360        3,015,016   
   

 

 

 
      7,655,857   
   

 

 

 

Distributors—1.2%

  

Pool Corp.

    45,909        4,339,319   
   

 

 

 

Diversified Consumer Services—3.7%

  

Bright Horizons Family Solutions, Inc. (a)

    76,110        5,090,998   

Grand Canyon Education, Inc. (a)

    89,995        3,634,898   

Nord Anglia Education, Inc. (a) (b)

    185,510        4,040,408   
   

 

 

 
      12,766,304   
   

 

 

 

Diversified Telecommunication Services—2.2%

  

Cogent Communications Holdings, Inc.

    105,582        3,886,473   

ORBCOMM, Inc. (a)

    383,470        3,930,568   
   

 

 

 
      7,817,041   
   

 

 

 

Electrical Equipment—1.0%

  

Generac Holdings, Inc. (a)

    94,736      3,438,917   
   

 

 

 

Electronic Equipment, Instruments & Components—1.8%

  

IPG Photonics Corp. (a)

    40,584        3,342,092   

Orbotech, Ltd. (a)

    97,411        2,884,340   
   

 

 

 
      6,226,432   
   

 

 

 

Energy Equipment & Services—0.7%

  

Dril-Quip, Inc. (a)

    44,645        2,488,512   
   

 

 

 

Food Products—2.0%

  

Amplify Snack Brands, Inc. (a) (b)

    219,480        3,555,576   

Snyder’s-Lance, Inc.

    100,816        3,385,401   
   

 

 

 
      6,940,977   
   

 

 

 

Health Care Equipment & Supplies—8.2%

  

Cynosure, Inc. - Class A (a)

    89,897        4,579,353   

Inogen, Inc. (a)

    69,423        4,158,438   

Insulet Corp. (a)

    104,220        4,266,767   

Integra LifeSciences Holdings Corp. (a)

    51,988        4,291,610   

Merit Medical Systems, Inc. (a)

    25,777        626,123   

Neogen Corp. (a)

    66,262        3,706,696   

Nevro Corp. (a)

    28,259        2,949,957   

Wright Medical Group NV (a)

    157,813        3,871,153   
   

 

 

 
      28,450,097   
   

 

 

 

Health Care Providers & Services—4.6%

  

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

    59,696        2,957,937   

AMN Healthcare Services, Inc. (a)

    110,226        3,512,903   

Amsurg Corp. (a)

    46,711        3,131,972   

Ensign Group, Inc. (The)

    127,223        2,560,999   

HealthEquity, Inc. (a)

    97,703        3,698,058   
   

 

 

 
      15,861,869   
   

 

 

 

Health Care Technology—3.0%

  

Evolent Health, Inc. - Class A (a)

    98,554        2,426,400   

Medidata Solutions, Inc. (a)

    79,368        4,425,560   

Press Ganey Holdings, Inc. (a)

    86,226        3,483,530   
   

 

 

 
      10,335,490   
   

 

 

 

Hotels, Restaurants & Leisure—3.6%

  

Chuy’s Holdings, Inc. (a)

    107,284        2,997,515   

Popeyes Louisiana Kitchen, Inc. (a)

    48,438        2,573,995   

Texas Roadhouse, Inc.

    63,684        2,485,587   

Vail Resorts, Inc.

    28,766        4,512,810   
   

 

 

 
      12,569,907   
   

 

 

 

Household Durables—2.4%

  

Installed Building Products, Inc. (a)

    64,511        2,314,009   

iRobot Corp. (a)

    68,304        3,004,010   

Universal Electronics, Inc. (a)

    40,584        3,021,885   
   

 

 

 
      8,339,904   
   

 

 

 

 

MSF-86


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

Internet & Direct Marketing Retail—0.6%

  

Wayfair, Inc. - Class A (a) (b)

    54,882      $ 2,160,704   
   

 

 

 

Internet Software & Services—7.1%

  

2U, Inc. (a)

    88,609        3,392,839   

Benefitfocus, Inc. (a) (b)

    64,803        2,586,936   

Criteo S.A. (ADR) (a)

    90,335        3,171,662   

Envestnet, Inc. (a)

    45,180        1,646,811   

LogMeIn, Inc.

    45,423        4,105,785   

Q2 Holdings, Inc. (a)

    138,166        3,959,837   

Quotient Technology, Inc. (a)

    131,656        1,752,341   

Wix.com, Ltd. (a)

    95,223        4,135,535   
   

 

 

 
      24,751,746   
   

 

 

 

IT Services—4.3%

  

EPAM Systems, Inc. (a)

    39,635        2,747,102   

Euronet Worldwide, Inc. (a)

    61,204        5,008,323   

ExlService Holdings, Inc. (a)

    64,268        3,203,117   

InterXion Holding NV (a)

    113,436        4,108,652   
   

 

 

 
      15,067,194   
   

 

 

 

Life Sciences Tools & Services—2.8%

  

Accelerate Diagnostics, Inc. (a) (b)

    98,092        2,673,988   

INC Research Holdings, Inc. - Class A (a)

    72,098        3,214,129   

PRA Health Sciences, Inc. (a)

    70,128        3,962,933   
   

 

 

 
      9,851,050   
   

 

 

 

Machinery—3.0%

  

Astec Industries, Inc.

    54,566        3,266,866   

Middleby Corp. (The) (a)

    30,225        3,736,415   

RBC Bearings, Inc. (a)

    45,107        3,449,783   
   

 

 

 
      10,453,064   
   

 

 

 

Oil, Gas & Consumable Fuels—2.1%

  

Diamondback Energy, Inc. (a)

    40,900        3,948,486   

PDC Energy, Inc. (a)

    49,459        3,316,721   
   

 

 

 
      7,265,207   
   

 

 

 

Pharmaceuticals—2.8%

  

Dermira, Inc. (a)

    61,301        2,073,200   

Medicines Co. (The) (a)

    59,623        2,250,172   

Nektar Therapeutics (a)

    130,822        2,247,522   

Supernus Pharmaceuticals, Inc. (a)

    127,734        3,158,862   
   

 

 

 
      9,729,756   
   

 

 

 

Professional Services—1.4%

  

WageWorks, Inc. (a)

    79,271        4,828,397   
   

 

 

 

Real Estate Management & Development—0.5%

  

HFF, Inc. - Class A

    65,508        1,813,917   
   

 

 

 

Semiconductors & Semiconductor Equipment—6.3%

  

Inphi Corp. (a)

    100,037        4,352,610   

Intersil Corp. - Class A

    157,522        3,454,458   

Semiconductors & Semiconductor Equipment—(Continued)

  

MKS Instruments, Inc.

    99,259      4,936,150   

Monolithic Power Systems, Inc.

    60,548        4,874,114   

Silicon Laboratories, Inc. (a)

    71,004        4,175,035   
   

 

 

 
      21,792,367   
   

 

 

 

Software—7.5%

  

Blackbaud, Inc.

    63,928        4,240,984   

Callidus Software, Inc. (a)

    186,215        3,417,045   

FleetMatics Group plc (a)

    58,699        3,520,766   

Guidewire Software, Inc. (a)

    90,432        5,424,111   

RingCentral, Inc. - Class A (a)

    156,598        3,705,109   

Ultimate Software Group, Inc. (The) (a)

    27,672        5,655,880   
   

 

 

 
      25,963,895   
   

 

 

 

Specialty Retail—1.7%

  

Monro Muffler Brake, Inc.

    46,104        2,820,182   

Tile Shop Holdings, Inc. (a)

    192,343        3,183,276   
   

 

 

 
      6,003,458   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.7%

  

Columbia Sportswear Co.

    50,383        2,858,732   

Steven Madden, Ltd. (a)

    91,527        3,163,173   
   

 

 

 
      6,021,905   
   

 

 

 

Thrifts & Mortgage Finance—1.0%

  

Essent Group, Ltd. (a)

    134,008        3,565,953   
   

 

 

 

Trading Companies & Distributors—1.6%

  

Beacon Roofing Supply, Inc. (a)

    71,101        2,991,219   

SiteOne Landscape Supply, Inc. (a)

    70,128        2,519,699   
   

 

 

 
      5,510,918   
   

 

 

 

Total Common Stocks
(Cost $263,505,137)

      336,069,168   
   

 

 

 
Short-Term Investment—3.4%   

Repurchase Agreement—3.4%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $11,694,130 on 10/03/16, collateralized by $11,755,000 U.S. Treasury Note at 1.375% due 01/31/21 with a value of $11,931,325.

    11,694,100        11,694,100   
   

 

 

 

Total Short-Term Investments
(Cost $11,694,100)

      11,694,100   
   

 

 

 
Securities Lending Reinvestments (c)—4.1%   

Certificates of Deposit—0.7%

  

Abbey National Treasury Services
0.440%, 10/03/16

    300,000        300,000   

 

MSF-87


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Certificates of Deposit—(Continued)

  

Bank of Nova Scotia
0.750%, 10/19/16

    300,000      $ 300,033   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    250,000        250,000   

Chiba Bank Ltd, New York
0.870%, 11/30/16

    300,000        300,051   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    250,000        250,000   

National Bank of Canada
0.420%, 10/06/16

    300,000        300,000   

Standard Chartered Bank New York
0.910%, 12/16/16

    100,000        100,008   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    400,000        400,012   

Swedbank
0.350%, 10/03/16

    250,000        249,999   
   

 

 

 
      2,450,103   
   

 

 

 

Commercial Paper—0.5%

  

Albion Capital Corp.
0.720%, 10/25/16

    150,000        149,952   

BNP Paribas
0.510%, 10/21/16

    300,000        299,924   

Charta LLC
0.880%, 12/22/16

    400,000        399,236   

Kells Funding LLC
1.040%, 01/19/17

    100,000        99,703   

LMA S.A. & LMA Americas
0.580%, 10/14/16

    50,000        49,993   

Manhattan Asset Funding
0.740%, 11/28/16

    250,000        249,752   

Ridgefield Funding Co. LLC
0.650%, 10/26/16

    100,000        99,949   

Victory Receivables Corp.
1.050%, 01/04/17

    250,000        249,366   
   

 

 

 
      1,597,875   
   

 

 

 

Repurchase Agreements—2.8%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $1,500,117 on 10/03/16, collateralized by $1,417,523 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $1,530,000.

    1,500,000        1,500,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $1,500,104 on 10/03/16, collateralized by $1,472,585 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $1,530,001.

    1,500,000        1,500,000   

Repurchase Agreements—(Continued)

  

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $1,200,050 on 10/03/16, collateralized by $1,166,631 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $1,224,000.

    1,200,000      1,200,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $1,500,056 on 10/03/16, collateralized by $1,183,200 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $1,530,021.

    1,500,000        1,500,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $1,000,081 on 10/03/16, collateralized by $954,679 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $1,020,427.

    1,000,000        1,000,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $248,691 on 10/03/16, collateralized by $205,457 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $253,655.

    248,681        248,681   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $900,065 on 10/04/16, collateralized by $865,596 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $918,000.

    900,000        900,000   

Repurchase Agreement dated 09/30/16 at
0.520% to be repurchased at $1,000,043 on 10/03/16, collateralized by $1,411,875 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $1,020,000.

    1,000,000        1,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,000,038 on 10/03/16, collateralized by $936,180 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,020,021.

    1,000,000        1,000,000   
   

 

 

 
      9,848,681   
   

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    55,831        55,831   

 

MSF-88


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Time Deposits—(Continued)

  

DBS Bank Limited, Singapore
0.380%, 10/04/16

    200,000      $ 200,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    100,000        100,000   

Royal Bank of Canada
0.280%, 10/03/16

    100,000        100,000   
   

 

 

 
      455,831   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $14,352,290)

      14,352,490   
   

 

 

 

Total Investments—104.0%
(Cost $289,551,527) (d)

      362,115,758   

Other assets and liabilities (net)—(4.0)%

      (14,037,453
   

 

 

 
Net Assets—100.0%     $ 348,078,305   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $14,237,296 and the collateral received consisted of cash in the amount of $14,352,387. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $289,551,527. The aggregate unrealized appreciation and depreciation of investments were $76,515,429 and $(3,951,198), respectively, resulting in net unrealized appreciation of $72,564,231.
(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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 336,069,168       $ —        $ —         $ 336,069,168   

Total Short-Term Investment*

     —           11,694,100        —           11,694,100   
Securities Lending Reinvestments           

Certificates of Deposit

     —           2,450,103        —           2,450,103   

Commercial Paper

     —           1,597,875        —           1,597,875   

Repurchase Agreements

     —           9,848,681        —           9,848,681   

Time Deposits

     —           455,831        —           455,831   

Total Securities Lending Reinvestments

     —           14,352,490        —           14,352,490   

Total Investments

   $ 336,069,168       $ 26,046,590      $ —         $ 362,115,758   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (14,352,387   $ —         $ (14,352,387

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-89


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—92.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.8%

  

Rockwell Collins, Inc.

    237,960      $ 20,069,546   
   

 

 

 

Auto Components—1.9%

  

Gentex Corp. (a)

    1,194,292        20,971,768   
   

 

 

 

Automobiles—1.8%

  

Harley-Davidson, Inc. (a)

    364,043        19,145,021   
   

 

 

 

Banks—4.3%

  

Fifth Third Bancorp

    1,367,742        27,984,001   

M&T Bank Corp.

    164,580        19,107,738   
   

 

 

 
      47,091,739   
   

 

 

 

Capital Markets—1.3%

  

Intercontinental Exchange, Inc.

    52,105        14,035,003   
   

 

 

 

Chemicals—5.0%

  

Agrium, Inc.

    104,261        9,455,430   

Celanese Corp. - Series A

    401,287        26,709,663   

Mosaic Co. (The)

    744,780        18,217,319   
   

 

 

 
      54,382,412   
   

 

 

 

Construction & Engineering—5.3%

  

Fluor Corp.

    472,417        24,244,440   

Jacobs Engineering Group, Inc. (b)

    530,531        27,439,063   

Quanta Services, Inc. (b)

    213,849        5,985,634   
   

 

 

 
      57,669,137   
   

 

 

 

Diversified Consumer Services—1.8%

  

H&R Block, Inc. (a)

    831,258        19,243,623   
   

 

 

 

Electric Utilities—1.5%

  

OGE Energy Corp.

    511,871        16,185,361   
   

 

 

 

Electrical Equipment—0.5%

  

Hubbell, Inc.

    45,996        4,955,609   
   

 

 

 

Electronic Equipment, Instruments & Components—8.6%

  

Arrow Electronics, Inc. (b)

    500,270        32,002,272   

Avnet, Inc.

    725,113        29,773,140   

FLIR Systems, Inc.

    381,723        11,993,737   

Keysight Technologies, Inc. (b)

    639,785        20,274,786   
   

 

 

 
      94,043,935   
   

 

 

 

Energy Equipment & Services—0.6%

  

Helmerich & Payne, Inc. (a)

    89,470        6,021,331   
   

 

 

 

Health Care Providers & Services—1.6%

  

AmerisourceBergen Corp.

    221,670        17,906,503   
   

 

 

 

Insurance—15.0%

  

Alleghany Corp. (b)

    61,246        32,155,375   

Allied World Assurance Co. Holdings AG

    445,944        18,025,056   

Allstate Corp. (The)

    293,652        20,314,845   

Aon plc

    185,459        20,862,283   

Insurance—(Continued)

  

Arch Capital Group, Ltd. (b)

    303,744      24,074,749   

Loews Corp.

    369,830        15,218,505   

Progressive Corp. (The)

    284,599        8,964,869   

Torchmark Corp.

    381,473        24,372,310   
   

 

 

 
      163,987,992   
   

 

 

 

Internet & Direct Marketing Retail—4.4%

  

Liberty Interactive Corp. - Class A (b)

    1,304,797        26,108,988   

Liberty Ventures - Series A (b)

    555,967        22,166,404   
   

 

 

 
      48,275,392   
   

 

 

 

Internet Software & Services—1.9%

  

IAC/InterActiveCorp

    339,423        21,203,755   
   

 

 

 

Machinery—0.9%

  

Kennametal, Inc.

    354,785        10,295,861   
   

 

 

 

Marine—1.8%

  

Kirby Corp. (b)

    318,200        19,779,312   
   

 

 

 

Media—5.2%

  

News Corp. - Class A

    1,600,844        22,379,799   

Omnicom Group, Inc.

    291,047        24,738,995   

TEGNA, Inc.

    457,833        10,008,229   
   

 

 

 
      57,127,023   
   

 

 

 

Metals & Mining—4.5%

  

Goldcorp, Inc.

    1,366,761        22,578,892   

Kinross Gold Corp. (b)

    2,886,283        12,151,251   

Nucor Corp.

    290,078        14,344,357   
   

 

 

 
      49,074,500   
   

 

 

 

Mortgage Real Estate Investment Trusts—1.7%

  

American Capital Agency Corp.

    920,933        17,995,031   
   

 

 

 

Oil, Gas & Consumable Fuels—10.0%

  

Apache Corp.

    573,663        36,639,856   

Devon Energy Corp.

    1,015,951        44,813,598   

Hess Corp.

    526,563        28,234,308   
   

 

 

 
      109,687,762   
   

 

 

 

Road & Rail—1.8%

  

Ryder System, Inc.

    298,351        19,676,248   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.9%

  

Analog Devices, Inc.

    325,126        20,954,371   
   

 

 

 

Software—1.8%

  

Synopsys, Inc. (b)

    321,146        19,060,015   
   

 

 

 

Specialty Retail—1.9%

  

AutoNation, Inc. (b)

    415,289        20,228,727   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.0%

  

Coach, Inc.

    310,960        11,368,698   
   

 

 

 

 

MSF-90


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Trading Companies & Distributors—3.1%

  

Air Lease Corp.

    1,190,775      $ 34,032,350   
   

 

 

 

Total Common Stocks
(Cost $796,089,167)

      1,014,468,025   
   

 

 

 
Short-Term Investment—7.0%   

Repurchase Agreement—7.0%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $75,908,232 on 10/03/16, collateralized by $72,195,000 U.S. Treasury Note at 2.625% due 11/15/20 with a value of $77,429,138.

    75,908,042        75,908,042   
   

 

 

 

Total Short-Term Investments
(Cost $75,908,042)

      75,908,042   
   

 

 

 
Securities Lending Reinvestments (c)—1.2%   

Certificate of Deposit—0.0%

  

Standard Chartered Bank New York
0.910%, 12/16/16

    100,000        100,007   
   

 

 

 

Commercial Paper—0.0%

  

Kells Funding LLC
1.040%, 01/19/17

    100,000        99,703   
   

 

 

 

Repurchase Agreements—1.2%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $500,039 on 10/03/16, collateralized by $472,508 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $510,000.

    500,000        500,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $500,035 on 10/03/16, collateralized by $490,862 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $510,000.

    500,000        500,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $2,000,083 on 10/03/16, collateralized by $1,944,385 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $2,040,000.

    2,000,000        2,000,000   

Repurchase Agreements—(Continued)

  

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $2,000,075 on 10/03/16, collateralized by $1,577,600 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $2,040,028.

    2,000,000      2,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $3,000,253 on 10/03/16, collateralized by $2,864,037 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $3,061,280.

    3,000,000        3,000,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $536,332 on 10/03/16, collateralized by $443,092 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $547,037.

    536,311        536,311   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $2,000,117 on 10/03/16, collateralized by $3,199,122 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $2,040,119.

    2,000,000        2,000,000   

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $2,500,108 on 10/03/16, collateralized by $3,529,688 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $2,550,000.

    2,500,000        2,500,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $500,019 on 10/03/16, collateralized by $468,090 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $510,010.

    500,000        500,000   
   

 

 

 
      13,536,311   
   

 

 

 

Time Deposits—0.0%

  

ANZ London
0.420%, 10/03/16

    300,000        300,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    100,000        100,000   

 

MSF-91


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Time Deposits—(Continued)

  

Royal Bank of Canada
0.280%, 10/03/16

    100,000      $ 100,000   
   

 

 

 
      500,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $14,235,999)

      14,236,021   
   

 

 

 

Total Investments—101.1%
(Cost $886,233,208) (d)

      1,104,612,088   

Other assets and liabilities (net)—(1.1)%

      (12,010,042
   

 

 

 
Net Assets—100.0%     $ 1,092,602,046   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $14,106,751 and the collateral received consisted of cash in the amount of $14,235,958. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $886,233,208. The aggregate unrealized appreciation and depreciation of investments were $232,349,808 and $(13,970,928), respectively, resulting in net unrealized appreciation of $218,378,880.

 

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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,014,468,025       $ —        $ —         $ 1,014,468,025   

Total Short-Term Investment*

     —           75,908,042        —           75,908,042   
Securities Lending Reinvestments           

Certificate of Deposit

     —           100,007        —           100,007   

Commercial Paper

     —           99,703        —           99,703   

Repurchase Agreements

     —           13,536,311        —           13,536,311   

Time Deposits

     —           500,000        —           500,000   

Total Securities Lending Reinvestments

     —           14,236,021        —           14,236,021   

Total Investments

   $ 1,014,468,025       $ 90,144,063      $ —         $ 1,104,612,088   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (14,235,958   $ —         $ (14,235,958

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-92


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—99.3% of Net Assets

 

Security Description   Shares     Value  

Australia—6.9%

  

Acrux, Ltd.

    41,605      $ 10,499   

Adelaide Brighton, Ltd.

    197,116        837,926   

AED Oil, Ltd. (a) (b) (c)

    93,946        0   

Ainsworth Game Technology, Ltd.

    51,616        89,072   

Alkane Resources, Ltd. (b)

    120,355        44,685   

ALS, Ltd.

    76,663        351,546   

Altium, Ltd.

    31,832        225,124   

Altona Mining, Ltd. (b)

    67,875        6,775   

Alumina, Ltd.

    473,623        530,494   

AMA Group, Ltd.

    111,029        94,153   

Ansell, Ltd.

    39,937        704,851   

AP Eagers, Ltd.

    7,774        60,836   

APN News & Media, Ltd. (b)

    71,247        186,802   

ARB Corp., Ltd.

    30,444        425,595   

Ardent Leisure Group

    50,226        106,864   

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

    972,288        5   

ASG Group, Ltd. (b)

    91,207        110,912   

AUB Group, Ltd.

    25,969        219,842   

Ausdrill, Ltd. (b)

    110,321        122,424   

Austal, Ltd.

    81,889        92,388   

Australian Agricultural Co., Ltd. (b)

    192,359        241,670   

Australian Pharmaceutical Industries, Ltd.

    174,311        258,053   

Auswide Bank, Ltd.

    9,275        36,231   

Automotive Holdings Group, Ltd.

    101,744        334,073   

Aveo Group

    53,746        142,366   

AVJennings, Ltd.

    10,332        4,987   

AWE, Ltd. (b)

    335,940        160,053   

Bank of Queensland, Ltd.

    24,268        211,504   

Bapcor, Ltd. (c)

    5,854        27,202   

Beach Energy, Ltd.

    950,434        485,290   

Beadell Resources, Ltd. (b) (d)

    102,327        31,871   

Bega Cheese, Ltd.

    58,513        298,173   

Bellamy’s Australia, Ltd.

    9,613        96,130   

Bendigo & Adelaide Bank, Ltd.

    10,665        88,094   

Billabong International, Ltd. (b)

    56,120        54,139   

Blackmores, Ltd. (d)

    5,495        492,654   

Blue Sky Alternative Investments, Ltd.

    5,962        34,198   

BlueScope Steel, Ltd.

    84,045        499,369   

Bradken, Ltd. (b)

    48,239        89,602   

Breville Group, Ltd.

    42,107        282,870   

Brickworks, Ltd.

    5,923        63,211   

BT Investment Management, Ltd.

    25,960        177,838   

Buru Energy, Ltd. (b)

    23,457        3,605   

Cabcharge Australia, Ltd.

    55,813        146,328   

Capral, Ltd. (b)

    136,176        16,193   

Cardno, Ltd. (b)

    69,333        47,839   

Carnarvon Petroleum, Ltd. (b)

    251,902        20,787   

carsales.com, Ltd.

    83,570        768,932   

Cash Converters International, Ltd.

    152,939        37,559   

Cedar Woods Properties, Ltd.

    27,273        102,347   

Cleanaway Waste Management, Ltd.

    693,108        595,903   

Coal of Africa, Ltd. (b) (c)

    133,534        4,906   

Collection House, Ltd.

    19,217        17,419   

Collins Foods, Ltd.

    4,975        17,265   

Cooper Energy, Ltd. (b)

    154,883        43,454   

Corporate Travel Management, Ltd.

    20,836        282,216   

Credit Corp. Group, Ltd. (d)

    13,415        191,699   

Australia—(Continued)

  

CSG, Ltd.

    66,837      65,133   

CSR, Ltd.

    282,278        784,865   

Cudeco, Ltd. (a) (b)

    51,210        16,790   

Data #3, Ltd.

    55,471        62,639   

Decmil Group, Ltd.

    56,744        45,461   

Downer EDI, Ltd.

    238,347        993,537   

DSHE Holdings, Ltd. (a) (b) (c)

    85,716        0   

DuluxGroup, Ltd.

    165,477        837,581   

DWS, Ltd.

    36,847        34,817   

Emeco Holdings, Ltd. (b)

    314,914        14,648   

Energy Resources of Australia, Ltd. (b)

    51,910        13,314   

Energy World Corp., Ltd. (b)

    325,379        56,097   

EQT Holdings, Ltd.

    3,062        46,102   

ERM Power, Ltd.

    49,991        44,343   

Euroz, Ltd.

    23,559        18,209   

Event Hospitality and Entertainment, Ltd.

    38,556        445,516   

Evolution Mining, Ltd.

    179,899        335,628   

Fairfax Media, Ltd.

    967,464        702,306   

Fantastic Holdings, Ltd.

    1,151        2,133   

Finbar Group, Ltd.

    6,909        4,817   

Fleetwood Corp., Ltd. (b)

    22,683        33,817   

FlexiGroup, Ltd.

    49,133        87,678   

Flight Centre Travel Group, Ltd.

    14,871        416,508   

G8 Education, Ltd.

    130,532        304,820   

Gateway Lifestyle

    13,237        21,798   

Global Construction Services, Ltd.

    9,380        3,232   

GrainCorp, Ltd. - Class A

    83,590        502,998   

Grange Resources, Ltd.

    120,000        10,176   

Greencross, Ltd.

    21,334        105,524   

GUD Holdings, Ltd.

    39,734        321,422   

GWA Group, Ltd.

    104,458        230,257   

Hansen Technologies, Ltd.

    47,406        170,074   

HFA Holdings, Ltd.

    45,623        80,235   

Hills, Ltd. (b)

    80,453        29,639   

Horizon Oil, Ltd. (b)

    652,736        20,120   

IDM International, Ltd. (a) (b) (c)

    49,237        0   

Iluka Resources, Ltd.

    160,998        776,238   

Imdex, Ltd. (b)

    89,354        40,126   

IMF Bentham, Ltd.

    49,173        69,937   

Independence Group NL

    112,057        364,250   

Infigen Energy, Ltd. (b)

    282,132        174,295   

Infomedia, Ltd.

    131,353        81,203   

Integrated Research, Ltd.

    28,972        51,204   

International Ferro Metals, Ltd. (a) (b) (c)

    82,765        181   

Invocare, Ltd.

    38,500        411,242   

IOOF Holdings, Ltd. (d)

    103,265        687,216   

Iress, Ltd. (c)

    57,739        523,576   

iSelect, Ltd.

    46,213        65,835   

JB Hi-Fi, Ltd.

    50,758        1,130,595   

Jupiter Mines, Ltd. (a) (b) (c)

    63,164        1,777   

K&S Corp., Ltd.

    1,802        1,892   

Karoon Gas Australia, Ltd. (b)

    75,600        77,272   

Kingsgate Consolidated, Ltd. (a) (b) (c)

    121,238        38,044   

Kingsrose Mining, Ltd. (b)

    102,961        12,658   

MACA, Ltd.

    56,351        74,987   

Macmahon Holdings, Ltd. (b)

    380,170        35,294   

Macquarie Atlas Roads Group

    181,433        695,424   

 

MSF-93


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

  

Magellan Financial Group, Ltd.

    27,343      $ 455,582   

MaxiTRANS Industries, Ltd.

    59,013        27,082   

Mayne Pharma Group, Ltd. (b)

    452,144        694,196   

McMillan Shakespeare, Ltd. (d)

    29,453        267,459   

McPherson’s, Ltd.

    34,460        29,476   

Medusa Mining, Ltd. (b)

    60,972        33,603   

Melbourne IT, Ltd.

    36,135        53,152   

Metals X, Ltd.

    75,358        86,036   

Metcash, Ltd. (b)

    385,184        620,320   

Michael Hill International, Ltd.

    82,929        102,024   

Mincor Resources NL (b)

    105,687        29,724   

Mineral Resources, Ltd.

    41,091        349,619   

MMA Offshore, Ltd. (b)

    100,235        27,834   

Monadelphous Group, Ltd.

    40,177        280,442   

Morning Star Gold NL (a) (b) (c)

    33,455        13   

Mortgage Choice, Ltd.

    48,689        75,301   

Mount Gibson Iron, Ltd. (b)

    439,215        98,189   

Myer Holdings, Ltd. (d)

    355,143        317,706   

MyState, Ltd.

    3,899        12,196   

Navitas, Ltd.

    96,272        385,407   

New Hope Corp., Ltd.

    6,285        8,501   

nib holdings, Ltd. (d)

    208,017        746,680   

Nick Scali, Ltd.

    16,348        73,581   

Nine Entertainment Co. Holdings, Ltd.

    18,490        14,998   

Northern Star Resources, Ltd.

    220,636        768,479   

Nufarm, Ltd.

    79,335        571,001   

OFX Group, Ltd.

    99,303        144,677   

Orocobre, Ltd. (b)

    49,318        141,164   

Orora, Ltd.

    225,473        544,688   

OrotonGroup, Ltd.

    8,647        16,405   

OZ Minerals, Ltd.

    149,299        697,350   

Pacific Current Group, Ltd.

    1,159        3,706   

Pact Group Holdings, Ltd.

    4,623        22,451   

Paladin Energy, Ltd. (b)

    612,137        70,391   

Panoramic Resources, Ltd. (b)

    146,618        28,839   

Peet, Ltd.

    88,199        66,130   

Peninsula Energy, Ltd. (b)

    11,352        4,831   

Perpetual, Ltd.

    19,256        690,830   

Perseus Mining, Ltd. (b)

    231,401        93,859   

Platinum Asset Management, Ltd.

    21,691        83,882   

Pluton Resources, Ltd. (a) (b) (c)

    48,332        0   

PMP, Ltd.

    158,703        77,880   

Premier Investments, Ltd.

    44,992        535,899   

Primary Health Care, Ltd.

    244,279        742,899   

Prime Media Group, Ltd.

    93,371        19,693   

Programmed Maintenance Services, Ltd.

    95,504        119,190   

Qube Holdings, Ltd.

    281,810        504,160   

RCG Corp., Ltd.

    90,942        113,820   

RCR Tomlinson, Ltd.

    61,564        132,430   

Reckon, Ltd.

    36,898        45,787   

Regis Resources, Ltd.

    180,703        522,294   

Reject Shop, Ltd. (The)

    12,421        100,813   

Resolute Mining, Ltd. (d)

    248,330        365,724   

Resoulte Mining, Ltd. (b) (c)

    29,004        43,730   

Retail Food Group, Ltd.

    58,516        313,108   

Retail Food Group, Ltd. (b)

    1,066        5,589   

Ridley Corp., Ltd.

    123,003        126,654   

Australia—(Continued)

  

RungePincockMinarco, Ltd. (b)

    4,190      1,611   

Ruralco Holdings, Ltd.

    7,095        17,233   

SAI Global, Ltd.

    62,244        221,812   

Salmat, Ltd. (b)

    45,807        17,889   

Sandfire Resources NL

    40,717        157,793   

Saracen Mineral Holdings, Ltd. (b)

    390,479        420,892   

Select Harvests, Ltd.

    30,640        133,716   

Senex Energy, Ltd. (b)

    248,220        46,144   

Servcorp, Ltd.

    26,561        161,990   

Service Stream, Ltd.

    62,705        55,378   

Seven Group Holdings, Ltd.

    15,634        103,058   

Seven West Media, Ltd.

    460,617        258,474   

Sigma Pharmaceuticals, Ltd.

    621,692        676,307   

Silex Systems, Ltd. (b)

    28,112        6,444   

Silver Chef, Ltd.

    8,241        72,811   

Silver Lake Resources, Ltd. (b)

    112,092        44,708   

Sims Metal Management, Ltd.

    86,197        614,659   

Sirtex Medical, Ltd.

    22,520        545,775   

Slater & Gordon, Ltd.

    116,238        33,436   

SMS Management & Technology, Ltd.

    35,576        47,985   

Southern Cross Media Group, Ltd.

    229,061        257,505   

Spark Infrastructure Group

    742,738        1,314,905   

Specialty Fashion Group, Ltd. (b)

    34,701        14,446   

Spotless Group Holdings, Ltd.

    23,095        18,969   

St. Barbara, Ltd. (b)

    192,892        460,817   

Star Entertainment Group, Ltd. (The)

    210,220        972,215   

Steadfast Group, Ltd.

    93,904        164,341   

Strike Energy, Ltd. (b)

    182,555        13,853   

Sundance Energy Australia, Ltd. (b)

    373,357        47,246   

Sunland Group, Ltd.

    40,150        47,085   

Super Retail Group, Ltd.

    69,714        544,234   

Tabcorp Holdings, Ltd.

    236,852        906,480   

Tassal Group, Ltd.

    72,156        223,321   

Technology One, Ltd.

    85,252        390,029   

Ten Network Holdings, Ltd. (b)

    109,315        115,627   

TFS Corp., Ltd.

    106,522        121,881   

Thorn Group, Ltd.

    60,945        71,215   

Tiger Resources, Ltd. (b)

    591,241        9,513   

Toro Energy, Ltd. (b)

    75,052        2,643   

Tox Free Solutions, Ltd.

    71,737        126,216   

Treasury Wine Estates, Ltd.

    76,917        650,857   

Troy Resources, Ltd. (b)

    106,145        32,180   

UGL, Ltd. (b)

    29,320        48,173   

Villa World, Ltd.

    14,787        26,028   

Village Roadshow, Ltd.

    32,709        124,363   

Virgin Australia Holdings, Ltd. (b)

    442,369        79,930   

Virgin Australia International Holding, Ltd. (a) (b) (c)

    968,773        1   

Virtus Health, Ltd.

    37,091        219,123   

Vita Group, Ltd.

    18,112        68,901   

Watpac, Ltd. (b) (d)

    37,999        24,852   

Webjet, Ltd.

    25,862        230,024   

Western Areas, Ltd. (b)

    118,029        261,965   

Whitehaven Coal, Ltd. (b)

    121,287        228,550   

WorleyParsons, Ltd. (b)

    33,331        213,740   

WPP AUNZ, Ltd.

    131,382        110,466   
   

 

 

 
      47,089,586   
   

 

 

 

 

MSF-94


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Austria—1.1%

  

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

    1,312      $ 83   

Agrana Beteiligungs AG

    1,574        187,151   

ams AG

    23,302        754,237   

Andritz AG

    5,479        298,232   

Austria Technologie & Systemtechnik AG (d)

    14,133        173,377   

BUWOG AG (b)

    15,282        413,495   

CA Immobilien Anlagen AG (b)

    16,824        320,720   

Conwert Immobilien Invest SE (b)

    20,619        388,085   

DO & Co. AG

    1,857        151,803   

EVN AG

    12,657        150,042   

IMMOFINANZ AG (b)

    125,781        295,309   

Kapsch TrafficCom AG

    2,222        99,219   

Lenzing AG

    3,209        374,796   

Mayr Melnhof Karton AG

    3,412        375,238   

Oberbank AG

    182        11,817   

Oesterreichische Post AG (b)

    10,867        384,443   

Palfinger AG

    5,947        172,425   

POLYTEC Holding AG

    10,783        96,783   

Porr AG

    1,436        51,568   

Raiffeisen Bank International AG (b)

    13,074        199,078   

RHI AG

    8,926        237,239   

Rosenbauer International AG

    1,615        97,554   

S IMMO AG (b)

    35,979        378,707   

S&T AG

    2,389        27,171   

Schoeller-Bleckmann Oilfield Equipment AG

    3,509        232,568   

Semperit AG Holding

    6,041        164,922   

Strabag SE

    6,827        227,846   

Telekom Austria AG (b)

    24,392        137,856   

UBM Development AG

    78        2,890   

UNIQA Insurance Group AG

    14,804        96,205   

Wienerberger AG

    39,101        663,913   

Zumtobel Group AG

    14,277        275,694   
   

 

 

 
      7,440,466   
   

 

 

 

Belgium—1.9%

  

Ablynx NV (b)

    15,614        196,360   

Ackermans & van Haaren NV

    8,887        1,177,519   

AGFA-Gevaert NV (b)

    118,767        373,501   

Atenor

    1,089        57,019   

Banque Nationale de Belgique

    104        327,955   

Barco NV

    5,609        439,692   

Bekaert S.A.

    11,685        532,842   

bpost S.A.

    6,013        162,687   

Cie d’Entreprises CFE

    5,036        553,556   

Cie Immobiliere de Belgique S.A. (b)

    1,276        73,089   

D’ieteren S.A.

    8,787        409,098   

Dalenys (b)

    1,352        9,781   

Deceuninck NV (c)

    45,410        120,540   

Econocom Group S.A.

    27,496        412,967   

Elia System Operator S.A. (d)

    12,209        623,836   

Euronav NV

    30,049        229,482   

EVS Broadcast Equipment S.A.

    4,761        191,414   

Exmar NV

    10,339        81,327   

Fagron (b)

    17,646        191,724   

Galapagos NV (b)

    16,401        1,052,566   

GIMV NV

    450        23,873   

Belgium—(Continued)

  

Ion Beam Applications

    10,326      524,307   

Jensen-Group NV

    738        27,607   

Kinepolis Group NV

    8,046        374,193   

Lotus Bakeries NV

    118        296,270   

MDxHealth (b)

    5,915        27,487   

Melexis NV

    9,084        651,966   

Nyrstar NV (b)

    26,926        197,908   

Ontex Group NV

    2,421        76,802   

Orange Belgium S.A. (b)

    13,209        323,030   

Picanol

    1,699        140,662   

RealDolmen NV

    1,200        31,221   

Recticel S.A.

    24,409        173,293   

Resilux NV

    229        40,864   

Roularta Media Group NV

    1,629        44,779   

Sioen Industries NV

    4,097        120,355   

Sipef S.A.

    3,346        192,825   

Tessenderlo Chemie NV (b)

    18,196        607,899   

ThromboGenics NV (b)

    9,279        30,228   

Umicore S.A.

    26,112        1,637,656   

Van de Velde NV

    2,850        205,987   

Viohalco S.A. (b)

    45,397        62,216   
   

 

 

 
      13,028,383   
   

 

 

 

Cambodia—0.0%

  

NagaCorp, Ltd.

    458,000        302,636   
   

 

 

 

Canada—8.0%

  

5N Plus, Inc. (b)

    33,732        43,966   

Absolute Software Corp.

    18,754        102,779   

Acadian Timber Corp.

    3,800        52,426   

Advantage Oil & Gas, Ltd. (b)

    113,630        796,826   

Aecon Group, Inc.

    33,422        461,608   

AG Growth International, Inc.

    5,820        197,054   

AGF Management, Ltd. - Class B

    32,280        123,761   

AGT Food & Ingredients, Inc.

    7,901        225,657   

Aimia, Inc.

    29,471        185,549   

Air Canada (b)

    9,200        74,332   

AirBoss of America Corp.

    3,761        37,984   

AKITA Drilling, Ltd. - Class A

    2,003        11,756   

Alacer Gold Corp. (b)

    102,778        256,955   

Alamos Gold, Inc. - Class A

    95,845        788,998   

Alaris Royalty Corp.

    8,954        152,743   

Algoma Central Corp.

    4,410        38,992   

Algonquin Power & Utilities Corp.

    77,093        690,455   

Alterra Power Corp. (b)

    15,076        75,613   

Altius Minerals Corp.

    9,660        82,098   

Altus Group, Ltd.

    14,488        323,011   

Andrew Peller, Ltd. - Class A

    1,139        29,474   

Argonaut Gold, Inc. (b)

    57,325        150,746   

Asanko Gold, Inc. (b)

    23,027        96,535   

Athabasca Oil Corp. (b)

    66,624        65,509   

ATS Automation Tooling Systems, Inc. (b)

    36,533        306,310   

AuRico Metals, Inc. (b)

    42,144        35,014   

AutoCanada, Inc.

    8,428        142,292   

Avigilon Corp. (b) (d)

    14,381        95,256   

B2Gold Corp. (b)

    313,368        821,667   

 

MSF-95


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

  

Badger Daylighting, Ltd. (d)

    9,562      $ 206,626   

Bankers Petroleum, Ltd. (b)

    141,893        237,939   

Baytex Energy Corp. (b)

    67,105        284,900   

Bellatrix Exploration, Ltd. (b) (d)

    60,265        51,907   

Birchcliff Energy, Ltd. (b)

    58,552        409,701   

Bird Construction, Inc.

    18,612        161,017   

Black Diamond Group, Ltd.

    19,812        67,502   

BlackPearl Resources, Inc. (b)

    117,817        113,152   

BMTC Group, Inc.

    5,387        55,309   

Bonavista Energy Corp.

    19,815        63,737   

Bonterra Energy Corp.

    12,499        247,798   

Boralex, Inc. - Class A

    11,154        159,070   

Brookfield Real Estate Services, Inc.

    800        10,122   

BRP, Inc. (b)

    10,168        198,950   

Calfrac Well Services, Ltd. (d)

    26,393        59,145   

Calian Group, Ltd.

    2,846        50,382   

Callidus Capital Corp.

    1,000        12,729   

Calvalley Petroleums, Inc. - Class A (b)

    19,422        0   

Canaccord Genuity Group, Inc.

    54,653        196,208   

Canacol Energy, Ltd. (b) (d)

    32,061        105,571   

Canadian Energy Services & Technology Corp.

    70,437        278,645   

Canadian Western Bank (d)

    32,028        616,416   

Canam Group, Inc.

    22,324        171,010   

Canexus Corp.

    56,579        65,551   

Canfor Corp. (b)

    17,141        190,361   

Canfor Pulp Products, Inc.

    15,297        119,629   

CanWel Building Materials Group, Ltd.

    9,304        47,089   

Canyon Services Group, Inc.

    27,085        103,431   

Capital Power Corp.

    43,408        682,246   

Capstone Mining Corp. (b)

    117,839        71,856   

Cascades, Inc.

    46,236        452,157   

Celestica, Inc. (b)

    36,485        394,620   

Celestica, Inc. (U.S. Listed Shares) (b)

    223        2,415   

Centerra Gold, Inc.

    51,685        283,254   

Cequence Energy, Ltd. (b)

    86,636        18,820   

Cervus Equipment Corp.

    2,998        26,462   

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

    62,113        151,974   

Chinook Energy, Inc. (b)

    27,917        10,852   

Cineplex, Inc.

    18,036        695,072   

Clairvest Group, Inc.

    200        4,439   

Clarke, Inc.

    1,614        11,232   

Clearwater Seafoods, Inc.

    7,044        76,939   

Cogeco Communications, Inc.

    1,120        55,285   

Cogeco, Inc.

    2,309        90,498   

Colliers International Group, Inc.

    12,580        528,054   

Computer Modelling Group, Ltd.

    21,620        161,662   

Copper Mountain Mining Corp. (b)

    57,011        20,858   

Corby Spirit and Wine, Ltd.

    3,957        68,436   

Corridor Resources, Inc. (b)

    21,385        7,172   

Corus Entertainment, Inc. - B Shares

    31,990        296,260   

Cott Corp.

    2,000        28,500   

Cott Corp. (Toronto Exchange)

    38,179        543,315   

Crew Energy, Inc. (b)

    69,029        360,943   

Delphi Energy Corp. (b)

    95,850        71,598   

Denison Mines Corp. (b)

    247,548        115,099   

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

    28,586        615,102   

DH Corp.

    2,600        56,203   

Canada—(Continued)

  

DirectCash Payments, Inc.

    4,974      48,642   

Dominion Diamond Corp.

    23,880        232,074   

Dominion Diamond Corp. (U.S. Listed Shares)

    9,238        89,978   

Dorel Industries, Inc. - Class B

    12,134        326,669   

Dundee Precious Metals, Inc. (b)

    40,545        100,130   

E-L Financial Corp., Ltd.

    177        94,440   

Eastern Platinum, Ltd. (b)

    42,003        24,012   

Echelon Financial Holdings, Inc.

    900        8,884   

EcoSynthetix, Inc. (b)

    800        1,384   

Enbridge Income Fund Holdings, Inc.

    18,118        469,539   

Endeavour Mining Corp. (b) (d)

    16,215        314,919   

Endeavour Silver Corp. (b)

    37,334        191,230   

EnerCare, Inc.

    25,125        361,377   

Enerflex, Ltd.

    29,289        314,110   

Energy Fuels, Inc. (b)

    4,125        6,666   

Enghouse Systems, Ltd.

    7,089        284,003   

Ensign Energy Services, Inc.

    51,526        294,558   

Epsilon Energy, Ltd. (b)

    18,214        41,649   

Equitable Group, Inc.

    3,909        175,375   

Equity Financial Holdings, Inc. (b)

    1,100        8,535   

Essential Energy Services Trust (b)

    53,526        25,703   

Evertz Technologies, Ltd.

    9,149        116,947   

Exchange Income Corp.

    6,151        165,033   

Exco Technologies, Ltd.

    13,332        122,960   

Exeter Resource Corp. (b)

    11,335        14,688   

EXFO, Inc. (b)

    85        316   

Extendicare, Inc. (d)

    41,356        298,203   

Fiera Capital Corp.

    8,019        74,570   

Firm Capital Mortgage Investment Corp.

    5,574        58,886   

First Majestic Silver Corp. (b)

    33,160        341,976   

First National Financial Corp.

    4,107        100,081   

FirstService Corp.

    12,580        585,107   

Fortress Paper, Ltd. - Class A (b)

    7,338        34,398   

Fortuna Silver Mines, Inc. (b)

    60,121        435,802   

Freehold Royalties, Ltd.

    1,412        13,615   

Gamehost, Inc.

    4,952        37,821   

Genesis Land Development Corp.

    14,348        31,169   

Genworth MI Canada, Inc.

    10,076        259,283   

Gibson Energy, Inc.

    40,344        542,451   

Glacier Media, Inc. (b)

    9,600        5,269   

Gluskin Sheff & Associates, Inc.

    10,533        127,974   

GMP Capital, Inc.

    28,336        108,640   

Goeasy, Ltd.

    2,000        38,492   

Golden Star Resources, Ltd. (b) (d)

    73,133        61,318   

Gran Tierra Energy, Inc. (b)

    99,813        298,994   

Granite Oil Corp.

    10,252        46,495   

Great Canadian Gaming Corp. (b)

    11,594        201,842   

Great Panther Silver, Ltd. (b)

    67,206        90,670   

Guyana Goldfields, Inc. (b)

    37,547        234,392   

Hanfeng Evergreen, Inc. (a) (b) (c)

    12,100        12   

Heroux-Devtek, Inc. (b)

    14,606        146,511   

High Liner Foods, Inc.

    4,107        81,486   

HNZ Group, Inc.

    3,031        30,034   

Home Capital Group, Inc.

    20,814        428,353   

Horizon North Logistics, Inc. (d)

    30,612        40,833   

HudBay Minerals, Inc.

    103,103        407,870   

Hudson’s Bay Co.

    974        12,517   

 

MSF-96


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

  

IAMGOLD Corp. (b)

    152,782      $ 617,207   

IMAX Corp. (b)

    21,475        622,131   

Imperial Metals Corp. (b)

    15,126        70,214   

Indigo Books & Music, Inc. (b)

    1,986        25,689   

Innergex Renewable Energy, Inc.

    38,391        428,404   

Interfor Corp. (b)

    33,292        377,594   

International Tower Hill Mines, Ltd. (b)

    21,604        18,937   

Intertain Group, Ltd. (The) (b)

    2,200        18,110   

Intertape Polymer Group, Inc.

    15,813        272,881   

Ithaca Energy, Inc. (b)

    123,116        105,103   

Jean Coutu Group PJC, Inc. (The) - Class A

    1,600        24,550   

Just Energy Group, Inc.

    71,937        364,634   

K-Bro Linen, Inc.

    2,319        72,578   

Kelt Exploration, Ltd. (b)

    21,351        94,228   

Kingsway Financial Services, Inc. (b)

    8,765        50,374   

Kirkland Lake Gold, Inc. (b)

    42,041        318,844   

Klondex Mines, Ltd. (b)

    17,647        101,420   

Knight Therapeutics, Inc. (b)

    4,998        36,115   

Labrador Iron Ore Royalty Corp.

    10,800        114,425   

Laurentian Bank of Canada

    13,206        493,432   

Leon’s Furniture, Ltd.

    9,639        119,023   

Lightstream Resources, Ltd. (b) (c)

    108,373        6,608   

Liquor Stores N.A., Ltd.

    12,660        101,901   

Lucara Diamond Corp.

    110,136        328,238   

Lundin Mining Corp. (b)

    7,972        31,537   

MacDonald Dettwiler & Associates, Ltd.

    4,268        260,254   

Magellan Aerospace Corp.

    5,794        70,926   

Mainstreet Equity Corp. (b)

    2,561        60,787   

Major Drilling Group International, Inc.

    36,670        177,487   

Mandalay Resources Corp.

    87,627        66,791   

Manitoba Telecom Services, Inc.

    9,487        272,617   

Maple Leaf Foods, Inc.

    34,605        794,204   

Martinrea International, Inc.

    32,289        200,583   

Maxim Power Corp. (b)

    2,800        6,936   

McCoy Global, Inc. (b)

    4,388        5,385   

Mediagrif Interactive Technologies, Inc.

    4,176        60,287   

Medical Facilities Corp.

    12,861        214,881   

Melcor Developments, Ltd.

    3,120        32,390   

Methanex Corp.

    3,500        124,692   

Mitel Networks Corp. (b)

    23,670        173,923   

Morguard Corp.

    200        26,068   

Morneau Shepell, Inc.

    13,185        190,848   

MTY Food Group, Inc.

    5,004        173,316   

Mullen Group, Ltd.

    37,792        474,146   

Nautilus Minerals, Inc. (b)

    134,471        16,400   

Nevsun Resources, Ltd.

    81,011        245,142   

New Flyer Industries, Inc.

    17,136        515,014   

New Gold, Inc. (b)

    93,713        406,438   

Newalta Corp.

    23,919        44,485   

Norbord, Inc.

    7,018        180,271   

North American Energy Partners, Inc.

    14,743        37,084   

North West Co., Inc. (The)

    17,071        336,228   

Northern Blizzard Resources, Inc.

    4,700        13,112   

Northern Dynasty Minerals, Ltd. (b)

    27,464        19,259   

Northland Power, Inc.

    33,879        631,124   

NuVista Energy, Ltd. (b)

    59,117        304,608   

OceanaGold Corp.

    150,911        453,210   

Canada—(Continued)

  

Osisko Gold Royalties, Ltd.

    18,606      203,653   

Painted Pony Petroleum, Ltd. (b)

    38,738        238,283   

Pan American Silver Corp.

    55,071        969,656   

Paramount Resources, Ltd. - Class A (b)

    5,000        56,176   

Parex Resources, Inc. (b)

    55,359        702,563   

Parkland Fuel Corp.

    26,463        623,881   

Pason Systems, Inc.

    22,516        288,154   

Pengrowth Energy Corp.

    183,295        289,204   

Penn West Petroleum, Ltd. (b) (d)

    86,288        154,561   

Petrus Resources, Ltd. (b)

    1,290        1,878   

PHX Energy Services Corp.

    12,350        35,301   

Pizza Pizza Royalty Corp.

    6,998        81,771   

Platinum Group Metals, Ltd. (b)

    3,208        8,852   

Points International, Ltd. (b)

    5,320        47,687   

Polymet Mining Corp. (b)

    38,355        30,697   

Precision Drilling Corp.

    82,898        346,264   

Premium Brands Holdings Corp.

    7,879        371,144   

Pretium Resources, Inc. (b)

    3,500        35,935   

Primero Mining Corp. (b) (d)

    70,253        117,271   

Pulse Seismic, Inc. (b)

    15,720        28,757   

QLT, Inc. (b)

    25,500        52,479   

Questerre Energy Corp. - Class A (b)

    83,569        16,562   

Raging River Exploration, Inc. (b)

    24,163        198,174   

RB Energy, Inc. (b) (c)

    76,741        46   

Reitmans Canada, Ltd. - Class A

    20,566        102,991   

Richelieu Hardware, Ltd.

    18,390        360,805   

Richmont Mines, Inc. (b)

    20,415        205,714   

RMP Energy, Inc. (b)

    72,808        57,716   

Rocky Mountain Dealerships, Inc.

    3,738        26,611   

Rogers Sugar, Inc.

    35,106        178,748   

Russel Metals, Inc.

    25,722        410,744   

Sabina Gold & Silver Corp. (b)

    57,206        61,045   

Sandstorm Gold, Ltd. (b)

    48,383        244,506   

Sandvine Corp.

    44,900        99,934   

Savanna Energy Services Corp. (b)

    34,913        34,329   

Sears Canada, Inc. (b)

    5,768        14,113   

Secure Energy Services, Inc.

    55,376        391,277   

SEMAFO, Inc. (b)

    123,983        515,986   

ShawCor, Ltd.

    22,391        552,458   

Sherritt International Corp. (b) (d)

    132,332        84,728   

Sienna Senior Living, Inc.

    13,276        171,623   

Sierra Wireless, Inc. (b)

    18,510        266,938   

Silver Standard Resources, Inc. (b)

    37,551        452,518   

Solium Capital, Inc. (b)

    11,317        63,316   

Spartan Energy Corp. (b)

    21,800        56,164   

Sprott Resource Corp. (b)

    40,405        14,629   

Sprott, Inc.

    56,027        103,346   

Stantec, Inc.

    15,382        361,467   

Stella-Jones, Inc.

    10,990        381,230   

Stornoway Diamond Corp. (b)

    33,687        30,299   

Strad Energy Services, Ltd. (b)

    10,641        13,140   

Street Capital Group, Inc. (b)

    5,900        8,095   

Stuart Olson, Inc.

    11,157        51,195   

Student Transportation, Inc. (d)

    27,425        164,096   

SunOpta, Inc. (b)

    26,392        186,079   

Superior Plus Corp.

    39,949        359,311   

Surge Energy, Inc.

    74,075        153,011   

 

MSF-97


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

  

Taseko Mines, Ltd. (b)

    108,786      $ 52,239   

Tembec, Inc. (b)

    32,111        22,273   

Teranga Gold Corp. (b)

    122,593        109,329   

Teranga Gold Corp. (b)

    26,882        25,544   

Thompson Creek Metals Co., Inc. (b)

    107,292        56,429   

Timmins Gold Corp. (b)

    59,665        27,742   

TMX Group, Ltd.

    2,627        120,642   

TORC Oil & Gas, Ltd.

    40,624        249,884   

Torex Gold Resources, Inc. (b)

    2,990        64,679   

Toromont Industries, Ltd.

    22,483        670,746   

Torstar Corp. - Class B

    21,453        27,144   

Total Energy Services, Inc.

    13,248        135,918   

TransAlta Corp.

    47,849        212,630   

TransAlta Renewables, Inc.

    10,414        116,924   

Transcontinental, Inc. - Class A (d)

    26,130        350,936   

TransForce, Inc.

    25,364        525,279   

TransGlobe Energy Corp.

    36,372        72,081   

Trican Well Service, Ltd. (b)

    55,663        114,130   

Trilogy Energy Corp. (b)

    11,476        63,068   

Trinidad Drilling, Ltd. (d)

    68,873        131,767   

Uni-Select, Inc.

    10,171        247,928   

Valener, Inc.

    16,303        271,271   

Vecima Networks, Inc.

    2,500        17,055   

Veresen, Inc.

    56,438        576,447   

Wajax Corp.

    7,885        86,967   

Wesdome Gold Mines, Ltd. (b)

    38,107        77,553   

Western Energy Services Corp.

    17,973        30,413   

Western Forest Products, Inc.

    145,247        239,135   

WestJet Airlines, Ltd.

    861        15,042   

Westshore Terminals Investment Corp.

    23,388        425,172   

Whistler Blackcomb Holdings, Inc.

    12,342        351,836   

Whitecap Resources, Inc.

    27,350        228,481   

Wi-Lan, Inc.

    58,061        89,839   

Winpak, Ltd.

    9,102        304,082   

Xtreme Drilling Corp. (b)

    11,600        20,955   

Yellow Pages, Ltd. (b)

    6,975        108,989   

ZCL Composites, Inc.

    9,681        82,056   

Zenith Capital Corp. (a) (c)

    12,830        792   
   

 

 

 
      54,463,052   
   

 

 

 

China—0.0%

  

Bund Center Investment, Ltd.

    138,000        67,017   

China Chuanglian Education Group, Ltd. (b)

    336,000        7,334   

China Everbright Water, Ltd.

    41,800        18,443   
   

 

 

 
      92,794   
   

 

 

 

Denmark—2.2%

  

ALK-Abello A/S

    1,476        208,877   

Alm Brand A/S

    41,706        319,028   

Ambu A/S - Class B (d)

    9,548        514,544   

Bakkafrost P/F

    8,908        372,701   

Bang & Olufsen A/S (b)

    9,221        95,293   

Bavarian Nordic A/S (b) (d)

    10,666        403,760   

Brodrene Hartmann A/S

    663        31,009   

D/S Norden A/S (b) (d)

    5,328        76,289   

DFDS A/S

    11,185        567,655   

Denmark—(Continued)

  

FLSmidth & Co. A/S (d)

    19,649      739,085   

Genmab A/S (b)

    10,677        1,829,671   

GN Store Nord A/S

    52,383        1,129,871   

Gronlandsbanken A/S

    17        1,542   

H+H International A/S - Class B (b)

    1,737        19,345   

Harboes Bryggeri A/S - Class B

    1,454        30,299   

IC Group A/S

    3,209        80,057   

Jeudan A/S (b)

    201        21,435   

Jyske Bank A/S

    14,672        686,383   

Matas A/S

    972        18,222   

NKT Holding A/S

    6,820        441,062   

Nordjyske Bank A/S

    185        2,735   

Parken Sport & Entertainment A/S (b)

    2,351        26,797   

PER Aarsleff Holding A/S

    9,620        231,648   

Ringkjoebing Landbobank A/S

    2,122        458,478   

Rockwool International A/S - B Shares

    3,675        662,674   

Royal Unibrew A/S

    17,227        851,785   

RTX A/S

    2,568        43,889   

Santa Fe Group A/S (b)

    7,121        71,446   

Schouw & Co. AB

    7,130        466,209   

SimCorp A/S

    16,061        935,473   

Solar A/S - B Shares

    3,176        181,304   

Spar Nord Bank A/S

    32,428        313,925   

Sydbank A/S

    26,018        793,095   

TDC A/S (b)

    112,050        660,662   

TK Development A/S (b)

    44,643        52,476   

Topdanmark A/S (b)

    29,081        815,943   

Tryg A/S

    18,564        373,583   

United International Enterprises

    1,090        201,784   

Vestjysk Bank A/S (b)

    3,300        4,556   

William Demant Holding A/S (b)

    13,600        277,616   

Zealand Pharma A/S (b)

    2,949        43,986   
   

 

 

 
      15,056,192   
   

 

 

 

Finland—2.9%

  

Ahlstrom Oyj

    11,406        158,284   

Aktia Bank Oyj

    3,139        31,876   

Alma Media Oyj (b)

    22,695        122,881   

Amer Sports Oyj

    47,651        1,456,970   

Apetit Oyj

    1,205        18,409   

Aspo Oyj

    8,414        66,256   

Atria Oyj

    2,604        26,940   

BasWare Oyj (b)

    3,525        155,965   

Bittium Oyj

    2,063        15,735   

Cargotec Oyj - B Shares

    12,591        577,742   

Caverion Corp.

    40,680        313,020   

Citycon Oyj

    146,997        374,167   

Comptel Oyj

    30,187        83,078   

Cramo Oyj

    9,503        245,517   

Elisa Oyj

    35,040        1,292,204   

F-Secure Oyj

    35,820        135,598   

Finnair Oyj (b)

    31,977        157,686   

Fiskars Oyj Abp

    17,515        344,902   

HKScan Oyj - A Shares

    6,704        24,776   

Huhtamaki Oyj

    39,536        1,841,257   

Ilkka-Yhtyma Oyj

    2,976        9,193   

 

MSF-98


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

  

Kemira Oyj

    41,153      $ 557,030   

Kesko Oyj - A Shares

    494        21,398   

Kesko Oyj - B Shares

    24,862        1,145,036   

Konecranes Oyj

    16,662        590,302   

Lassila & Tikanoja Oyj

    14,630        283,490   

Lemminkainen Oyj

    5,098        82,486   

Metsa Board Oyj

    110,343        653,174   

Metso Oyj

    23,954        698,765   

Munksjo Oyj (b)

    6,311        84,504   

Nokian Renkaat Oyj

    40,917        1,491,451   

Olvi Oyj - A Shares

    6,303        187,276   

Oriola-KD Oyj - B Shares

    64,829        294,938   

Orion Oyj - Class A

    12,864        502,725   

Orion Oyj - Class B

    32,754        1,291,064   

Outokumpu Oyj (b)

    102,277        702,497   

Outotec Oyj (b) (d)

    52,402        251,688   

PKC Group Oyj

    7,624        147,299   

Ponsse Oyj

    3,208        90,090   

Poyry Oyj (b)

    14,295        48,912   

Raisio Oyj - V Shares

    58,833        259,063   

Ramirent Oyj

    37,284        300,703   

Rapala VMC Oyj

    8,902        43,600   

Sanoma Oyj

    31,912        303,973   

Sponda Oyj

    6,864        35,313   

Stockmann Oyj Abp - B Shares (b)

    11,956        90,882   

Talvivaara Mining Co. plc (a) (b) (c)

    286,881        1,837   

Technopolis Oyj

    66,184        242,364   

Teleste Oyj

    772        8,178   

Tieto Oyj

    21,736        686,086   

Tikkurila Oyj

    14,683        315,855   

Uponor Oyj

    19,661        363,961   

Vaisala Oyj - A Shares

    4,116        145,644   

Valmet Oyj

    12,429        186,941   

YIT Oyj

    33,084        266,452   
   

 

 

 
      19,827,433   
   

 

 

 

France—4.9%

  

ABC Arbitrage

    4,875        35,026   

Actia Group

    5,737        47,950   

Air France-KLM (b) (d)

    50,893        273,447   

Akka Technologies S.A.

    3,864        143,675   

Albioma S.A.

    13,155        227,428   

Altamir Amboise

    9,152        114,015   

Alten S.A.

    9,511        664,983   

Altran Technologies S.A. (b)

    70,704        1,045,237   

APRIL S.A.

    9,077        119,961   

Arkema S.A.

    13,227        1,223,499   

Assystem

    5,619        165,440   

Aubay

    1,785        50,250   

Axway Software S.A.

    2,132        67,522   

Bastide le Confort Medical

    590        14,912   

Beneteau S.A.

    15,076        153,606   

BioMerieux

    4,066        605,575   

Boiron S.A.

    2,738        278,266   

Bonduelle SCA

    6,712        171,156   

Burelle S.A.

    184        171,353   

France—(Continued)

  

Catering International Services

    541      8,174   

Cegedim S.A. (b)

    2,929        80,630   

Cegid Group S.A.

    3,132        0   

CGG S.A. (b)

    993        25,692   

Chargeurs S.A.

    7,816        123,712   

Cie des Alpes

    3,241        61,901   

Coface S.A. (b)

    2,022        14,649   

Derichebourg S.A.

    31,305        99,662   

Devoteam S.A.

    4,902        272,194   

Edenred

    22,732        531,531   

Electricite de Strasbourg S.A.

    88        9,885   

Elior Group

    561        12,840   

Elis S.A.

    591        9,756   

Eramet (b) (d)

    1,499        59,610   

Esso S.A. Francaise (b)

    1,341        52,664   

Etablissements Maurel et Prom (b)

    26,859        124,975   

Euler Hermes Group

    2,457        208,882   

Eurofins Scientific SE

    3,046        1,383,573   

Eutelsat Communications S.A.

    3,630        75,153   

Exel Industries - A Shares

    618        47,763   

Faiveley Transport S.A.

    3,418        379,179   

Faurecia

    28,517        1,115,887   

Fimalac

    59        6,776   

Fleury Michon S.A.

    461        29,575   

Gaztransport Et Technigaz S.A.

    3,026        87,412   

GEA

    165        15,875   

GL Events

    3,794        74,461   

Groupe Crit

    1,538        93,470   

Groupe Flo (b)

    5,857        5,066   

Groupe Fnac S.A. (b)

    2,761        202,582   

Groupe Fnac S.A. (b)

    5,410        413,045   

Groupe Gorge (b)

    1,266        28,230   

Groupe Open

    722        18,249   

Guerbet

    2,188        147,719   

Haulotte Group S.A.

    7,230        109,320   

Havas S.A.

    6,455        54,558   

HERIGE SADCS (b)

    235        6,336   

HiPay Group S.A. (b)

    1,527        18,700   

Imerys S.A.

    3,235        233,632   

Interparfums S.A.

    4,802        132,053   

Ipsen S.A.

    13,044        915,683   

IPSOS

    12,134        396,245   

Jacquet Metal Service

    7,386        132,753   

Korian S.A.

    24,319        782,818   

Lagardere SCA

    36,064        918,215   

Lanson-BCC

    15        543   

Laurent-Perrier

    1,367        111,087   

Le Noble Age

    1,488        54,995   

Lectra

    8,395        148,625   

Linedata Services

    618        31,011   

LISI

    9,203        254,630   

Maisons France Confort S.A.

    1,526        80,850   

Manitou BF S.A.

    4,534        78,811   

Manutan International

    589        35,663   

Mersen

    8,985        182,186   

METabolic EXplorer S.A. (b) (d)

    6,035        15,548   

Metropole Television S.A.

    15,772        284,543   

 

MSF-99


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

France—(Continued)

  

MGI Coutier

    3,301      $ 87,348   

Mr. Bricolage

    601        9,101   

Naturex (b)

    2,045        183,321   

Neopost S.A.

    12,528        338,182   

Nexans S.A. (b)

    10,974        629,398   

Nexity S.A. (b)

    12,502        659,933   

NRJ Group (b)

    12,040        123,079   

Oeneo S.A.

    1,467        13,826   

Onxeo S.A. (b)

    3,499        9,866   

Onxeo S.A. (b)

    4,566        13,088   

Orpea

    11,965        1,060,216   

Parrot S.A. (b) (d)

    2,647        28,456   

Pierre & Vacances S.A. (b)

    3,103        134,446   

Plastic Omnium S.A.

    34,713        1,151,127   

Rallye S.A. (d)

    8,372        137,308   

Rexel S.A.

    44,405        679,647   

Robertet S.A.

    14        5,083   

Rubis SCA

    16,886        1,547,860   

Samse S.A.

    107        17,229   

Sartorius Stedim Biotech

    7,690        577,315   

Savencia S.A.

    3,042        189,323   

SEB S.A.

    6,523        920,348   

Seche Environnement S.A.

    1,555        52,928   

Sequana S.A. (b)

    10,224        19,180   

Societe des Bains de Mer et du Cercle des Etrangers a Monaco (b)

    16        545   

Societe Marseillaise du Tunnel Prado-Carenage S.A.

    293        10,882   

Societe Television Francaise 1

    48,852        473,596   

Soitec (b)

    118,705        109,345   

Solocal Group (b) (d)

    16,327        69,934   

Somfy S.A.

    202        91,212   

Sopra Steria Group

    5,640        661,763   

SPIE S.A.

    1,424        28,338   

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

    26,469        106,448   

STEF S.A.

    1,145        96,272   

Store Electronic (b)

    715        18,176   

Sword Group

    3,419        104,583   

Synergie S.A.

    4,419        147,483   

Technicolor S.A.

    88,305        602,723   

Teleperformance SE

    23,996        2,558,923   

Tessi S.A.

    895        140,756   

TFF Group

    308        33,720   

Thermador Groupe

    1,043        93,756   

Total Gabon

    324        45,857   

Touax S.A. (b)

    1,706        19,452   

Trigano S.A.

    3,496        245,413   

UBISOFT Entertainment S.A. (b)

    41,482        1,565,719   

Union Financiere de France BQE S.A.

    1,659        43,065   

Vallourec S.A. (b)

    52,316        234,489   

Valneva SE (b) (d)

    15,386        45,111   

Vetoquinol S.A.

    1,341        66,282   

Vicat S.A.

    5,373        346,935   

VIEL & Cie S.A.

    4,205        17,007   

Vilmorin & Cie S.A.

    2,684        176,472   

Virbac S.A. (b)

    1,270        211,832   

France—(Continued)

  

Vranken-Pommery Monopole S.A.

    958      24,122   
   

 

 

 
      33,350,697   
   

 

 

 

Germany—6.2%

  

Aareal Bank AG

    32,420        1,070,649   

Adler Modemaerkte AG

    2,828        18,989   

ADLER Real Estate AG (b) (d)

    535        8,525   

ADVA Optical Networking SE (b)

    13,833        139,263   

Air Berlin plc (b)

    15,003        11,443   

AIXTRON SE (b) (d)

    30,799        187,048   

Allgeier SE

    2,942        59,568   

Amadeus Fire AG

    2,298        164,612   

Aurubis AG

    14,317        802,005   

Axel Springer SE

    10,274        526,103   

Basler AG

    236        15,571   

Bauer AG

    4,696        67,028   

BayWa AG

    5,731        186,379   

BayWa AG

    305        10,504   

Bechtle AG

    9,570        1,107,401   

Bertrandt AG

    1,677        182,759   

Bijou Brigitte AG

    1,603        96,165   

Bilfinger SE (b)

    3,381        111,560   

Biotest AG

    4,221        79,463   

Borussia Dortmund GmbH & Co. KGaA (Xetra Exchange)

    30,779        167,613   

CANCOM SE

    7,824        408,489   

Carl Zeiss Meditec AG

    9,550        365,038   

CENIT AG

    5,012        115,947   

CENTROTEC Sustainable AG

    3,158        54,663   

Cewe Stiftung & Co. KGaA

    3,145        282,633   

Clere AG

    1,425        44,408   

Comdirect Bank AG

    13,399        136,989   

CompuGroup Medical SE

    8,932        411,751   

Constantin Medien AG (b)

    15,941        37,788   

CropEnergies AG

    9,235        52,190   

CTS Eventim AG & Co. KGaA

    18,228        648,942   

Data Modul AG

    138        7,654   

DEAG Deutsche Entertainment AG (b)

    2,049        5,985   

Delticom AG

    1,562        29,200   

Deutsche Beteiligungs AG

    2,815        93,518   

Deutsche Euroshop AG

    6,047        280,902   

Deutz AG

    35,346        178,346   

Dialog Semiconductor plc (b)

    22,851        881,107   

DIC Asset AG

    7,859        79,339   

DMG Mori AG

    18,221        887,238   

Dr. Hoenle AG

    2,084        59,702   

Draegerwerk AG & Co. KGaA

    1,062        67,756   

Drillisch AG (d)

    17,268        838,433   

Duerr AG

    8,529        716,034   

Eckert & Ziegler AG

    1,629        38,984   

Elmos Semiconductor AG

    7,336        109,831   

ElringKlinger AG

    11,206        198,763   

Euromicron AG (b)

    2,048        16,336   

Evotec AG (b)

    24,706        139,431   

Fielmann AG

    3,266        266,199   

Francotyp-Postalia Holding AG

    3,300        15,786   

 

MSF-100


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

  

Fraport AG Frankfurt Airport Services Worldwide

    3,441      $ 188,015   

Freenet AG

    53,475        1,563,530   

FUCHS Petrolub SE

    5,054        206,294   

Gerresheimer AG

    9,821        834,531   

Gerry Weber International AG

    9,842        125,649   

Gesco AG

    1,521        118,954   

GFK SE

    7,937        276,527   

GFT Technologies SE

    7,618        156,799   

Grammer AG

    7,596        460,190   

GRENKE AG

    1,704        327,838   

H&R AG GmbH & Co. KGaA (b)

    4,113        87,780   

Hamburger Hafen und Logistik AG

    8,624        131,129   

Heidelberger Druckmaschinen AG (b)

    113,996        275,699   

Hella KGaA Hueck & Co.

    940        37,237   

HOCHTIEF AG

    1,101        155,240   

HolidayCheck Group AG (b)

    1,815        4,894   

Hornbach Baumarkt AG

    1,543        47,867   

Indus Holding AG

    13,812        786,600   

Init Innovation In Traffic Systems AG

    1,794        31,505   

Isra Vision AG

    2,083        231,724   

Jenoptik AG

    19,047        348,189   

K&S AG (d)

    15,831        300,787   

KION Group AG

    13,233        856,694   

Kloeckner & Co. SE (b)

    38,909        473,695   

Koenig & Bauer AG (b)

    4,373        205,364   

Kontron AG (b)

    21,842        67,355   

Krones AG

    5,091        495,323   

KSB AG

    103        43,620   

KUKA AG (b)

    8,843        1,069,227   

KWS Saat SE

    949        319,704   

LANXESS AG

    31,725        1,970,248   

LEG Immobilien AG (b)

    15,885        1,520,498   

Leifheit AG

    945        61,576   

Leoni AG

    12,471        454,124   

LPKF Laser & Electronics AG (b)

    5,852        66,269   

Manz AG (b)

    1,272        51,406   

Medigene AG (b)

    3,423        31,476   

MLP AG

    20,985        88,575   

MTU Aero Engines AG

    14,899        1,507,257   

MVV Energie AG

    1,668        37,316   

Nemetschek SE

    12,828        786,051   

Nexus AG

    2,764        57,223   

Nordex SE (b)

    23,261        706,585   

Norma Group SE

    10,781        554,659   

OHB SE

    2,315        47,707   

OSRAM Licht AG

    21,899        1,285,586   

Paion AG (b)

    8,842        26,095   

Patrizia Immobilien AG (b)

    17,552        384,220   

Pfeiffer Vacuum Technology AG

    3,738        355,214   

PNE Wind AG

    24,548        59,838   

Progress-Werk Oberkirch AG

    822        34,525   

PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie

    2,118        31,525   

Puma SE

    549        146,853   

PVA TePla AG (b)

    3,358        9,506   

QSC AG

    26,632        59,606   

R Stahl AG

    1,594        53,518   

Germany—(Continued)

  

Rational AG

    850      425,862   

Rheinmetall AG

    12,940        900,635   

Rhoen Klinikum AG

    26,418        803,130   

RIB Software AG

    3,972        48,903   

SAF-Holland S.A.

    29,975        387,239   

Salzgitter AG

    12,083        395,681   

Schaltbau Holding AG

    2,118        74,401   

SGL Carbon SE (b)

    285        3,343   

SHW AG

    2,013        74,160   

Sixt SE

    9,652        543,700   

SMA Solar Technology AG (d)

    3,992        127,157   

SMT Scharf AG (b)

    831        10,339   

Softing AG

    1,971        27,342   

Software AG

    20,357        862,599   

Solarworld AG (b)

    348        1,223   

Stada Arzneimittel AG

    19,797        1,100,111   

STRATEC Biomedical AG

    834        48,065   

Stroeer SE & Co. KGaA

    8,451        367,187   

Suedzucker AG

    26,310        731,009   

Surteco SE

    1,501        38,448   

Suss Microtec AG (b)

    6,216        45,841   

TAG Immobilien AG

    39,448        573,705   

Takkt AG

    11,656        261,384   

Technotrans AG

    3,008        76,437   

TLG Immobilien AG

    2,015        45,491   

Tom Tailor Holding AG (b)

    6,389        26,553   

VERBIO Vereinigte BioEnergie AG

    2,621        16,616   

Vossloh AG (b)

    4,905        291,679   

VTG AG

    5,545        157,295   

Wacker Chemie AG

    2,424        204,228   

Wacker Neuson SE

    10,071        146,742   

Washtec AG

    3,397        161,055   

XING AG

    1,097        230,531   
   

 

 

 
      42,305,537   
   

 

 

 

Hong Kong—3.1%

  

Agritrade Resources, Ltd.

    135,000        26,299   

Alco Holdings, Ltd.

    136,000        54,122   

Allan International Holdings

    70,000        16,703   

Allied Group, Ltd.

    22,000        114,022   

Allied Properties HK, Ltd.

    1,406,024        289,124   

Anxian Yuan China Holdings, Ltd. (b)

    420,000        5,687   

Apac Resources, Ltd. (b)

    472,173        7,242   

Applied Development Holdings, Ltd. (b)

    250,000        26,790   

APT Satellite Holdings, Ltd.

    164,250        114,287   

Arts Optical International Holdings, Ltd.

    16,000        6,044   

Asia Financial Holdings, Ltd.

    278,000        159,448   

Asia Satellite Telecommunications Holdings, Ltd. (b)

    58,500        78,778   

Asia Standard International Group, Ltd.

    370,000        80,632   

ASM Pacific Technology, Ltd.

    26,600        219,803   

Associated International Hotels, Ltd.

    14,000        39,438   

Auto Italia Holdings (b)

    175,000        3,045   

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

    520,000        0   

BEP International Holdings, Ltd.

    370,000        23,973   

Bonjour Holdings, Ltd.

    615,000        27,895   

 

MSF-101


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

  

Bossini International Holdings, Ltd.

    302,000      $ 18,792   

Bright Smart Securities & Commodities Group, Ltd.

    96,000        41,819   

Brightoil Petroleum Holdings, Ltd.

    217,000        65,541   

Brockman Mining, Ltd. (b)

    2,516,770        40,046   

Burwill Holdings, Ltd. (b)

    1,566,000        42,456   

Cafe de Coral Holdings, Ltd.

    134,000        446,130   

Cash Financial Services Group, Ltd. (b)

    288,000        18,238   

Century City International Holdings, Ltd.

    616,000        41,496   

Champion Technology Holdings, Ltd. (b)

    1,233,093        21,435   

Chen Hsong Holdings

    150,000        31,909   

Cheuk Nang Holdings, Ltd.

    91,630        70,690   

Chevalier International Holdings, Ltd.

    75,139        120,407   

China Billion Resources, Ltd. (b)

    238,000        1,296   

China Energy Development Holdings, Ltd. (b)

    3,670,000        46,096   

China Flavors & Fragrances Co., Ltd.

    71,446        26,376   

China Metal International Holdings, Inc.

    198,000        70,764   

China Smarter Energy Group Holdings, Ltd. (b)

    168,000        15,631   

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

    162,000        705   

China Star Entertainment, Ltd. (b)

    126,000        9,357   

China Strategic Holdings, Ltd. (b)

    2,032,500        48,015   

China Ting Group Holdings, Ltd.

    318,550        17,068   

Chinney Investment, Ltd.

    8,000        1,818   

Chong Hing Bank, Ltd.

    7,000        14,146   

Chow Sang Sang Holdings International, Ltd.

    119,000        210,523   

Chu Kong Shipping Enterprises Group Co., Ltd.

    102,000        28,958   

Chuang’s China Investments, Ltd.

    511,500        33,691   

Chuang’s Consortium International, Ltd.

    446,357        100,416   

CITIC Telecom International Holdings, Ltd.

    467,000        174,746   

CK Life Sciences International Holdings, Inc.

    1,594,000        146,865   

CNQC International Holdings, Ltd.

    12,500        4,952   

CNT Group, Ltd.

    246,000        24,191   

Common Splendor International Health Industry Group, Ltd. (b)

    342,000        31,070   

Continental Holdings, Ltd. (b)

    220,000        4,076   

Convoy Global Holdings, Ltd. (b)

    1,314,000        41,146   

CP Lotus Corp. (b)

    1,750,000        29,782   

Crocodile Garments (b)

    216,000        25,797   

Cross-Harbour Holdings, Ltd. (The)

    119,000        159,723   

CSI Properties, Ltd.

    3,194,023        115,866   

Dah Sing Banking Group, Ltd.

    172,671        310,872   

Dah Sing Financial Holdings, Ltd.

    66,260        436,442   

Dan Form Holdings Co., Ltd.

    287,000        99,749   

Dickson Concepts International, Ltd.

    131,000        45,283   

Eagle Nice International Holdings, Ltd.

    120,000        35,800   

EcoGreen International Group, Ltd.

    118,800        24,188   

Emperor Capital Group, Ltd.

    540,000        56,041   

Emperor Entertainment Hotel, Ltd.

    235,000        60,441   

Emperor International Holdings, Ltd.

    565,250        129,443   

Emperor Watch & Jewellery, Ltd. (b)

    1,520,000        45,217   

ENM Holdings, Ltd. (b)

    556,000        32,834   

EPI Holdings, Ltd. (b)

    586,800        17,116   

Esprit Holdings, Ltd. (b)

    833,950        678,368   

eSun Holdings, Ltd. (b)

    400,000        41,446   

Fairwood Holdings, Ltd.

    34,500        160,361   

Far East Consortium International, Ltd.

    654,356        262,202   

Far East Holdings International, Ltd. (b)

    150,000        27,152   

Hong Kong—(Continued)

  

First Pacific Co., Ltd.

    18,000      12,887   

Fountain SET Holdings, Ltd.

    422,000        57,234   

Future Bright Holdings, Ltd.

    156,000        19,746   

G-Resources Group, Ltd.

    11,842,800        216,070   

GCL New Energy Holdings, Ltd. (b)

    1,146,000        66,240   

Get Nice Financial Group, Ltd.

    64,350        9,097   

Get Nice Holdings, Ltd.

    2,574,000        88,266   

Giordano International, Ltd.

    536,000        277,197   

Global Brands Group Holding, Ltd. (b)

    876,000        89,805   

Glorious Sun Enterprises, Ltd.

    393,000        58,487   

Gold Peak Industries Holdings, Ltd.

    277,714        27,635   

Golden Resources Development International, Ltd.

    370,000        21,309   

Good Resources Holdings, Ltd. (b)

    420,000        23,432   

Great Eagle Holdings, Ltd.

    32,000        143,717   

Guangnan Holdings, Ltd.

    264,000        31,404   

Guotai Junan International Holdings, Ltd.

    503,600        192,603   

Haitong International Securities Group, Ltd.

    421,969        282,630   

Hanison Construction Holdings, Ltd.

    148,009        27,179   

Hao Tian Development Group, Ltd. (b)

    858,000        44,057   

Harbour Centre Development, Ltd.

    88,000        157,636   

HKBN, Ltd.

    66,500        75,201   

HKR International, Ltd. (b)

    405,600        194,817   

Hon Kwok Land Investment Co., Ltd.

    140,000        55,854   

Hong Kong Aircraft Engineering Co., Ltd.

    8,800        63,579   

Hong Kong Ferry Holdings Co., Ltd.

    22,000        25,539   

Hong Kong Television Network, Ltd. (b)

    165,000        29,640   

Hongkong & Shanghai Hotels (The)

    21,000        20,893   

Hongkong Chinese, Ltd.

    866,000        158,053   

Hopewell Holdings, Ltd.

    62,000        226,945   

Hsin Chong Construction Group, Ltd. (b)

    918,000        50,184   

Hua Hong Semiconductor, Ltd.

    39,000        45,413   

Hung Hing Printing Group, Ltd.

    252,000        31,515   

Hutchison Telecommunications Hong Kong Holdings, Ltd.

    526,000        179,201   

I-CABLE Communications, Ltd. (b)

    177,000        21,398   

Imagi International Holdings, Ltd. (b)

    720,900        18,334   

International Standard Resources Holdings, Ltd. (b)

    1,782,000        37,352   

iOne Holdings, Ltd. (b)

    960,000        25,770   

IPE Group, Ltd.

    285,000        60,569   

IRC, Ltd. (b)

    760,000        17,717   

IT, Ltd.

    278,000        91,012   

ITC Properties Group, Ltd.

    99,556        35,766   

Jinhui Holdings Co., Ltd. (b)

    70,000        8,213   

Johnson Electric Holdings, Ltd.

    106,875        274,440   

K Wah International Holdings, Ltd.

    641,165        353,352   

Kader Holdings Co., Ltd.

    264,000        24,371   

Kam Hing International Holdings, Ltd.

    196,000        13,702   

Kantone Holdings, Ltd. (b)

    93,000        8,513   

Keck Seng Investments

    72,000        51,714   

Kerry Logistics Network, Ltd.

    97,000        133,699   

Kingmaker Footwear Holdings, Ltd.

    102,000        22,442   

Kowloon Development Co., Ltd.

    159,000        159,752   

L’sea Resources International Holdings, Ltd. (b)

    360,000        7,314   

Lai Sun Development Co., Ltd.

    6,835,666        137,780   

Lai Sun Garment International, Ltd.

    498,800        102,199   

 

MSF-102


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

  

Lam Soon Hong Kong, Ltd.

    15,000      $ 16,438   

Landing International Development, Ltd. (b)

    1,120,000        29,096   

Landsea Green Properties Co., Ltd.

    120,000        9,780   

Lifestyle China Group, Ltd. (b)

    161,500        49,830   

Lifestyle International Holdings, Ltd.

    161,500        221,787   

Lippo China Resources, Ltd.

    2,106,000        58,663   

Lippo, Ltd.

    122,000        72,367   

Lisi Group Holdings, Ltd.

    562,000        53,779   

Liu Chong Hing Investment, Ltd.

    86,000        124,646   

Luen Thai Holdings, Ltd.

    116,000        23,983   

Luk Fook Holdings International, Ltd.

    135,000        330,091   

Luks Group Vietnam Holdings Co., Ltd.

    68,000        23,791   

Lung Kee Bermuda Holdings

    116,000        37,744   

Magnificent Hotel Investment, Ltd.

    1,310,000        30,469   

Man Sang International, Ltd. (b)

    150,000        13,942   

Man Wah Holdings, Ltd.

    583,200        375,692   

Mason Financial Holdings, Ltd. (b)

    2,250,000        78,826   

Matrix Holdings, Ltd.

    36,000        13,274   

Melco International Development, Ltd.

    114,000        151,063   

Midland Holdings, Ltd. (b)

    302,000        111,220   

Ming Fai International Holdings, Ltd.

    145,000        19,751   

Miramar Hotel & Investment

    12,000        24,473   

National Electronic Holdings, Ltd.

    182,600        22,464   

Neo-Neon Holdings, Ltd. (b)

    322,500        50,375   

NetMind Financial Holdings, Ltd. (b)

    8,984,000        94,389   

New Century Group Hong Kong, Ltd. (b)

    912,000        17,274   

New Times Energy Corp., Ltd. (b)

    306,300        7,621   

Newocean Energy Holdings, Ltd.

    488,000        130,352   

Next Digital, Ltd. (b)

    414,000        23,307   

Nine Express, Ltd. (b)

    216,000        10,443   

Noble Group, Ltd. (b)

    2,264,400        256,178   

O Luxe Holdings, Ltd. (b)

    648,000        57,721   

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

    375,882        18,327   

Orient Overseas International, Ltd.

    45,000        159,619   

Oriental Watch Holdings

    271,600        42,405   

Pacific Andes International Holdings, Ltd. (a) (b) (c)

    1,819,984        12,858   

Pacific Basin Shipping, Ltd. (b)

    976,000        127,699   

Pacific Textiles Holdings, Ltd.

    187,000        242,712   

Paliburg Holdings, Ltd.

    328,000        102,593   

Paradise Entertainment, Ltd. (b)

    168,000        36,111   

Pearl Oriental Oil, Ltd. (b)

    404,000        13,067   

Perfect Shape Beauty Technology, Ltd.

    108,000        10,623   

Pico Far East Holdings, Ltd.

    468,000        140,947   

Playmates Holdings, Ltd.

    56,000        65,770   

Playmates Toys, Ltd.

    236,000        36,320   

Polytec Asset Holdings, Ltd.

    565,000        39,563   

Public Financial Holdings, Ltd.

    166,000        75,100   

PYI Corp., Ltd. (b)

    2,140,366        41,616   

Regal Hotels International Holdings, Ltd.

    402,000        224,342   

Rivera Holdings, Ltd.

    20,000        1,201   

Sa Sa International Holdings, Ltd.

    322,666        137,337   

SAS Dragon Holdings, Ltd.

    140,000        24,007   

SEA Holdings, Ltd.

    94,000        234,973   

Shenwan Hongyuan HK, Ltd.

    172,500        91,250   

Shun Ho Property Investments, Ltd.

    21,615        7,757   

Shun Tak Holdings, Ltd. (b)

    701,500        226,305   

Hong Kong—(Continued)

  

Silver Base Group Holdings, Ltd. (b)

    633,000      51,636   

Sincere Watch Hong Kong, Ltd. (b)

    250,000        6,548   

Sing Tao News Corp., Ltd.

    276,000        35,175   

Singamas Container Holdings, Ltd.

    786,000        83,737   

SIS International Holdings

    16,000        7,942   

Sitoy Group Holdings, Ltd.

    111,000        41,884   

Skyway Securities Group, Ltd. (b)

    750,000        20,168   

SmarTone Telecommunications Holdings, Ltd.

    142,388        236,335   

SOCAM Development, Ltd. (b)

    179,876        67,811   

Solomon Systech International, Ltd. (b)

    920,000        36,248   

Soundwill Holdings, Ltd.

    50,000        91,645   

South China Holdings Co., Ltd. (b)

    992,000        53,076   

Stella International Holdings, Ltd.

    161,500        276,349   

Stelux Holdings International, Ltd. (b)

    260,500        21,159   

Success Universe Group, Ltd. (b)

    240,000        5,851   

Sun Hing Vision Group Holdings, Ltd.

    42,000        14,728   

Sun Hung Kai & Co., Ltd.

    322,440        202,483   

Sunwah Kingsway Capital Holdings, Ltd.

    310,000        5,516   

TAI Cheung Holdings, Ltd.

    232,000        185,875   

Tan Chong International, Ltd.

    63,000        19,656   

Tao Heung Holdings, Ltd.

    204,000        64,392   

Television Broadcasts, Ltd.

    123,500        471,272   

Texwinca Holdings, Ltd.

    300,000        207,278   

Titan Petrochemicals Group, Ltd. (b)

    1,000,000        13,250   

Town Health International Medical Group, Ltd.

    230,000        36,650   

Tradelink Electronic Commerce, Ltd.

    256,000        51,273   

Transport International Holdings, Ltd.

    132,000        397,022   

Trinity, Ltd. (b)

    466,000        36,020   

TSC Group Holdings, Ltd. (b)

    216,000        30,198   

Tsui Wah Holdings, Ltd.

    40,000        7,479   

United Laboratories International Holdings, Ltd. (The) (b)

    241,000        140,187   

United Photovoltaics Group, Ltd. (b)

    346,000        32,844   

Universal Technologies Holdings, Ltd. (b)

    120,000        4,332   

Up Energy Development Group, Ltd. (a) (b) (c)

    92,000        1,530   

Upbest Group, Ltd.

    16,000        3,000   

Value Convergence Holdings, Ltd. (b)

    104,000        22,798   

Value Partners Group, Ltd.

    189,000        194,597   

Varitronix International, Ltd.

    137,000        54,989   

Vedan International Holdings, Ltd.

    296,000        36,474   

Victory City International Holdings, Ltd.

    813,270        40,184   

Vitasoy International Holdings, Ltd.

    358,000        724,460   

VS International Group, Ltd. (b)

    160,000        8,549   

VST Holdings, Ltd.

    487,200        142,737   

VTech Holdings, Ltd.

    35,300        403,607   

Wai Kee Holdings, Ltd.

    54,000        16,928   

Win Hanverky Holdings, Ltd.

    332,000        55,028   

Winfull Group Holdings, Ltd. (b)

    528,000        12,303   

Wing On Co. International, Ltd.

    46,000        142,083   

Wing Tai Properties, Ltd.

    280,000        176,554   

Xinyi Glass Holdings, Ltd. (b)

    826,000        753,453   

Yeebo International Holdings, Ltd.

    158,000        55,413   

YGM Trading, Ltd.

    46,000        24,434   

Yugang International, Ltd.

    1,466,000        25,410   
   

 

 

 
      21,211,075   
   

 

 

 

 

MSF-103


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Ireland—0.8%

  

C&C Group plc

    149,205      $ 617,855   

FBD Holdings plc (b)

    10,350        76,045   

Glanbia plc

    37,294        717,438   

Grafton Group plc

    88,160        569,035   

Greencore Group plc

    216,127        939,846   

IFG Group plc

    44,002        93,723   

Independent News & Media plc (b)

    35,056        4,923   

Irish Continental Group plc

    22,664        111,258   

Kingspan Group plc

    44,238        1,190,010   

Smurfit Kappa Group plc

    11,491        256,877   

UDG Healthcare plc

    104,367        867,132   
   

 

 

 
      5,444,142   
   

 

 

 

Isle of Man—0.1%

  

GVC Holdings plc

    61,038        587,028   

Paysafe Group plc (b)

    2,729        15,781   
   

 

 

 
      602,809   
   

 

 

 

Israel—0.8%

  

ADO Group, Ltd. (b)

    1,711        23,053   

Africa Israel Investments, Ltd. (b)

    64,935        20,918   

Africa Israel Properties, Ltd.

    4,653        78,113   

Africa Israel Residences, Ltd.

    880        17,752   

Airport City, Ltd. (b)

    25,014        285,193   

Allot Communications, Ltd. (b)

    10,216        53,116   

Alrov Properties and Lodgings, Ltd.

    5,057        113,219   

Amot Investments, Ltd.

    25,066        111,673   

Ashtrom Properties, Ltd.

    6,725        25,834   

AudioCodes, Ltd. (b)

    5,709        31,156   

Avgol Industries 1953, Ltd.

    9,099        11,193   

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

    23,712        22,200   

Bayside Land Corp.

    205        83,421   

Big Shopping Centers, Ltd.

    1,031        70,594   

BioLine RX, Ltd. (b)

    2,565        2,871   

Blue Square Real Estate, Ltd.

    738        29,950   

Cellcom Israel, Ltd. (b)

    13,058        97,513   

Ceragon Networks, Ltd. (b)

    14,799        35,414   

Clal Biotechnology Industries, Ltd. (b)

    17,579        13,738   

Clal Insurance Enterprises Holdings, Ltd. (b)

    7,114        76,387   

Cohen Development & Industrial Buildings, Ltd. (b)

    305        7,255   

Compugen, Ltd. (b)

    14,846        94,481   

Delek Automotive Systems, Ltd.

    10,535        92,213   

Delta-Galil Industries, Ltd.

    4,030        113,934   

Direct Insurance Financial Investments, Ltd.

    5,783        46,248   

El Al Israel Airlines

    54,306        49,788   

Electra Consumer Products 1970, Ltd. (b)

    1,236        17,175   

Electra, Ltd.

    652        89,531   

Elron Electronic Industries, Ltd.

    7,585        34,913   

Energix-Renewable Energies, Ltd.

    13,559        9,407   

Equital, Ltd. (b)

    550        10,767   

Evogene, Ltd. (b)

    5,090        31,890   

First International Bank of Israel, Ltd.

    8,900        113,723   

FMS Enterprises Migun, Ltd.

    910        23,570   

Formula Systems 1985, Ltd.

    2,591        101,034   

Fox Wizel, Ltd.

    1,475        24,317   

Israel—(Continued)

  

Frutarom Industries, Ltd.

    639      33,621   

Gilat Satellite Networks, Ltd. (b)

    7,707        37,374   

Hadera Paper, Ltd. (b)

    1,104        41,156   

Harel Insurance Investments & Financial Services, Ltd.

    43,597        157,606   

Hilan, Ltd.

    1,413        22,265   

IDI Insurance Co., Ltd.

    630        29,910   

Industrial Buildings Corp., Ltd.

    39,465        47,607   

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

    134,749        247,906   

Israel Land Development Co., Ltd. (The)

    3,950        22,022   

Jerusalem Oil Exploration (b)

    4,736        212,799   

Kamada, Ltd. (b)

    11,729        60,444   

Kerur Holdings, Ltd.

    931        22,069   

Maabarot Products, Ltd.

    3,435        55,185   

Magic Software Enterprises, Ltd.

    9,462        68,452   

Matrix IT, Ltd.

    14,215        102,511   

Maytronics, Ltd.

    7,834        27,552   

Mazor Robotics, Ltd. (b)

    10,502        134,394   

Meitav DS Investments, Ltd.

    5,193        20,725   

Melisron, Ltd.

    4,351        193,051   

Menora Mivtachim Holdings, Ltd. (b)

    11,310        92,810   

Migdal Insurance & Financial Holding, Ltd. (b)

    55,471        36,077   

Mivtach Shamir Holdings, Ltd.

    1,401        29,501   

Naphtha Israel Petroleum Corp., Ltd. (b)

    14,775        85,146   

Neto ME Holdings, Ltd.

    963        77,133   

Nova Measuring Instruments, Ltd. (b)

    9,293        109,711   

Oil Refineries, Ltd. (b)

    418,554        154,926   

Ormat Technologies, Inc.

    1        27   

Partner Communications Co., Ltd. (b)

    21,648        98,950   

Paz Oil Co., Ltd.

    1,481        231,798   

Perion Network, Ltd. (b)

    3,246        3,926   

Phoenix Holdings, Ltd. (The) (b)

    20,176        55,480   

Plasson Industries, Ltd.

    1,729        46,452   

Rami Levi Chain Stores Hashikma Marketing, Ltd.

    1,803        73,233   

Sapiens International Corp. NV

    6,702        87,336   

Shapir Engineering & Industry, Ltd.

    11,006        23,198   

Shikun & Binui, Ltd.

    73,332        134,054   

Shufersal, Ltd.

    23,137        89,161   

Space Communication, Ltd. (b)

    2,951        21,216   

Strauss Group, Ltd.

    4,554        72,110   

Summit Real Estate Holdings, Ltd. (b)

    2,798        16,330   

Tower Semiconductor, Ltd. (b)

    12,319        184,047   

Tower Semiconductor, Ltd. (U.S. Listed Shares) (b) (d)

    1,303        19,780   

Union Bank of Israel (b)

    7,545        25,557   
   

 

 

 
      5,368,162   
   

 

 

 

Italy—3.5%

  

A2A S.p.A.

    481,411        679,349   

ACEA S.p.A.

    23,394        294,124   

Aeffe S.p.A. (b)

    11,359        12,992   

Alerion Cleanpower S.p.A.

    5,771        13,033   

Amplifon S.p.A.

    36,377        373,573   

Anima Holding S.p.A.

    10,612        51,878   

Ansaldo STS S.p.A.

    39,015        455,849   

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

    63,913        65,559   

 

MSF-104


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

  

Ascopiave S.p.A.

    28,294      $ 85,442   

Astaldi S.p.A.

    20,559        77,574   

Autogrill S.p.A.

    44,414        376,252   

Azimut Holding S.p.A.

    40,582        597,445   

Banca Carige S.p.A. (b)

    156,432        50,827   

Banca Finnat Euramerica S.p.A.

    50,851        17,760   

Banca Generali S.p.A.

    19,591        376,019   

Banca IFIS S.p.A.

    7,714        173,966   

Banca Mediolanum S.p.A.

    26,881        178,328   

Banca Popolare dell’Emilia Romagna SC

    202,667        755,069   

Banca Popolare dell’Etruria e del Lazio SC (a) (b) (c) (d)

    91,952        0   

Banca Popolare di Milano Scarl

    1,819,630        731,084   

Banca Popolare di Sondrio Scarl

    173,614        485,815   

Banca Profilo S.p.A.

    117,883        22,174   

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

    20,306        40,380   

Banco Popolare SC

    105,433        248,600   

BasicNet S.p.A.

    13,493        48,979   

Biesse S.p.A.

    6,021        95,323   

Brembo S.p.A.

    9,033        538,915   

Brunello Cucinelli S.p.A.

    8,151        158,436   

Buzzi Unicem S.p.A.

    30,820        631,461   

Cairo Communication S.p.A.

    24,474        93,272   

Caltagirone Editore S.p.A. (b)

    6,273        5,351   

Carraro S.p.A. (b)

    2,384        3,207   

Cementir Holding S.p.A.

    31,117        146,836   

Cerved Information Solutions S.p.A.

    9,602        81,238   

CIR-Compagnie Industriali Riunite S.p.A.

    201,871        206,628   

Credito Emiliano S.p.A.

    44,882        243,686   

Credito Valtellinese SC

    463,264        160,869   

Danieli & C Officine Meccaniche S.p.A.

    4,846        93,541   

Datalogic S.p.A.

    9,916        211,675   

Davide Campari-Milano S.p.A.

    106,679        1,201,872   

De’Longhi S.p.A.

    16,896        408,915   

DeA Capital S.p.A.

    18,071        21,278   

DiaSorin S.p.A.

    6,863        441,143   

Ei Towers S.p.A. (b)

    7,035        370,850   

El.En. S.p.A.

    5,028        106,205   

ERG S.p.A.

    21,603        247,811   

Esprinet S.p.A.

    18,719        104,061   

Eurotech S.p.A. (b)

    13,076        17,337   

Falck Renewables S.p.A.

    34,815        30,746   

Fincantieri S.p.A. (b)

    79,520        38,010   

FNM S.p.A.

    55,327        25,846   

Geox S.p.A.

    42,620        101,017   

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

    75,580        63,058   

Gruppo MutuiOnline S.p.A.

    5,404        44,989   

Hera S.p.A.

    231,619        624,044   

IMMSI S.p.A.

    100,436        42,274   

Industria Macchine Automatiche S.p.A.

    5,461        362,621   

Infrastrutture Wireless Italiane S.p.A.

    2,835        13,945   

Intek Group S.p.A. (b)

    80,757        18,038   

Interpump Group S.p.A.

    28,206        480,757   

Iren S.p.A.

    231,134        397,846   

Italcementi S.p.A. (b)

    64,343        764,732   

Italmobiliare S.p.A.

    4,262        215,178   

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

    147,435        49,945   

Italy—(Continued)

  

La Doria S.p.A.

    3,877      37,637   

Maire Tecnimont S.p.A.

    35,567        87,992   

MARR S.p.A.

    13,428        269,149   

Mediaset S.p.A.

    192,042        602,957   

Moncler S.p.A.

    10,344        176,495   

Nice S.p.A.

    9,890        28,355   

Parmalat S.p.A.

    18,078        47,881   

Piaggio & C S.p.A.

    71,430        133,513   

Prelios S.p.A. (b)

    54,976        4,899   

Prima Industrie S.p.A.

    1,853        28,279   

Prysmian S.p.A.

    75,002        1,965,317   

Recordati S.p.A.

    33,633        1,081,057   

Reno de Medici S.p.A.

    29,538        9,359   

Reply S.p.A.

    1,999        262,754   

Retelit S.p.A. (b)

    36,769        30,280   

Sabaf S.p.A.

    3,059        31,069   

SAES Getters S.p.A.

    1,416        20,395   

Safilo Group S.p.A. (b)

    10,142        97,038   

Saipem S.p.A. (b)

    605,130        256,153   

Salini Impregilo S.p.A.

    70,140        202,076   

Salvatore Ferragamo S.p.A.

    16,352        415,105   

Saras S.p.A.

    134,526        213,894   

SAVE S.p.A.

    5,376        105,696   

Snai S.p.A. (b)

    21,135        27,425   

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

    63,558        355,643   

Societa Iniziative Autostradali e Servizi S.p.A.

    25,981        248,181   

Sogefi S.p.A. (b)

    24,822        50,186   

SOL S.p.A.

    11,001        95,167   

Tamburi Investment Partners S.p.A.

    14,397        58,145   

Tiscali S.p.A. (b)

    802,477        38,319   

Tod’s S.p.A. (d)

    3,954        208,760   

Trevi Finanziaria Industriale S.p.A. (b)

    31,414        43,208   

TXT e-solutions S.p.A.

    1,815        14,619   

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

    4,937        0   

Unione di Banche Italiane S.p.A.

    6,735        15,528   

Unipol Gruppo Finanziario S.p.A.

    126,457        322,871   

UnipolSai S.p.A.

    34,177        55,611   

Vittoria Assicurazioni S.p.A.

    12,164        132,676   

Yoox Net-A-Porter Group S.p.A. (b)

    21,096        653,670   

Zignago Vetro S.p.A.

    11,476        66,002   
   

 

 

 
      23,568,388   
   

 

 

 

Japan—24.3%

  

A&A Material Corp.

    12,000        10,482   

A&D Co., Ltd.

    3,000        11,940   

A/S One Corp.

    4,700        204,548   

Accordia Golf Co., Ltd.

    19,200        195,683   

Achilles Corp.

    6,500        91,744   

Adastria Co., Ltd.

    9,240        212,073   

ADEKA Corp.

    34,600        478,572   

Aderans Co., Ltd.

    8,700        39,029   

Advan Co., Ltd.

    8,300        75,791   

Advanex, Inc.

    900        9,402   

Aeon Delight Co., Ltd.

    3,900        118,905   

Aeon Fantasy Co., Ltd.

    2,400        68,680   

Aeon Hokkaido Corp.

    2,600        13,939   

 

MSF-105


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

AGORA Hospitality Group Co., Ltd. (b)

    27,000      $ 9,092   

Agro-Kanesho Co., Ltd.

    3,500        38,865   

Ahresty Corp.

    9,200        97,844   

Ai Holdings Corp.

    12,200        293,753   

Aica Kogyo Co., Ltd.

    17,200        456,707   

Aichi Bank, Ltd. (The)

    4,500        218,768   

Aichi Corp.

    10,800        79,026   

Aichi Steel Corp.

    4,300        217,738   

Aichi Tokei Denki Co., Ltd.

    1,900        60,434   

Aida Engineering, Ltd.

    20,700        165,697   

Aigan Co., Ltd.

    6,600        12,914   

Ain Holdings, Inc.

    6,000        408,583   

Aiphone Co., Ltd.

    6,800        111,966   

Airport Facilities Co., Ltd.

    7,500        37,381   

Aisan Industry Co., Ltd.

    10,400        82,519   

Aizawa Securities Co., Ltd.

    13,800        76,319   

Akebono Brake Industry Co., Ltd. (b)

    32,600        65,646   

Akita Bank, Ltd. (The)

    86,000        255,414   

Alconix Corp.

    3,200        44,697   

Alinco, Inc.

    5,800        53,496   

Alpen Co., Ltd.

    7,000        126,224   

Alpha Corp.

    2,200        21,010   

Alpha Systems, Inc.

    3,940        64,838   

Alpine Electronics, Inc.

    16,600        218,995   

Alps Logistics Co., Ltd.

    8,200        46,254   

Altech Corp.

    2,600        56,855   

Amano Corp.

    21,000        335,542   

Amiyaki Tei Co., Ltd.

    1,100        40,153   

Amuse, Inc.

    3,600        66,188   

Anabuki Kosan, Inc.

    4,000        9,658   

Anest Iwata Corp.

    10,400        107,318   

Anicom Holdings, Inc.

    600        14,730   

Anritsu Corp.

    48,800        278,957   

AOI Electronics Co., Ltd.

    1,100        26,372   

AOI Pro, Inc.

    4,700        38,209   

AOKI Holdings, Inc.

    17,700        199,940   

Aomori Bank, Ltd. (The)

    94,000        298,462   

Aoyama Trading Co., Ltd.

    17,900        617,704   

Arakawa Chemical Industries, Ltd.

    7,200        89,881   

Arata Corp.

    4,600        104,051   

Araya Industrial Co., Ltd.

    26,000        35,563   

Arcland Sakamoto Co., Ltd.

    12,800        143,537   

Arcs Co., Ltd.

    13,364        333,242   

Ardepro Co., Ltd.

    15,000        16,343   

Argo Graphics, Inc.

    2,800        54,113   

Ariake Japan Co., Ltd.

    5,700        307,311   

Arisawa Manufacturing Co., Ltd.

    14,300        73,452   

Arrk Corp. (b)

    22,600        16,614   

Artnature, Inc.

    5,000        32,014   

Asahi Broadcasting Corp.

    2,400        15,697   

Asahi Co., Ltd.

    4,500        55,899   

Asahi Diamond Industrial Co., Ltd.

    21,200        171,731   

Asahi Holdings, Inc.

    9,000        153,591   

Asahi Kogyosha Co., Ltd.

    3,200        91,129   

Asahi Net, Inc.

    5,000        20,441   

Asahi Printing Co., Ltd.

    200        4,665   

ASAHI YUKIZAI Corp.

    34,000        65,947   

Japan—(Continued)

  

Asahipen Corp.

    4,000      6,529   

Asanuma Corp.

    24,000        52,262   

Asatsu-DK, Inc.

    13,300        354,317   

Asax Co., Ltd.

    1,800        26,532   

Ashimori Industry Co., Ltd.

    24,000        36,662   

Asia Growth Capital, Ltd. (b)

    21,000        16,032   

ASKA Pharmaceutical Co., Ltd.

    9,000        164,632   

ASKUL Corp.

    3,000        113,906   

Asunaro Aoki Construction Co., Ltd.

    8,000        53,682   

Atom Corp.

    11,100        74,518   

Atsugi Co., Ltd.

    88,000        93,285   

Autobacs Seven Co., Ltd. (d)

    22,700        325,264   

Avex Group Holdings, Inc.

    12,000        163,137   

Awa Bank, Ltd. (The)

    82,000        504,650   

Axell Corp.

    3,800        27,417   

Axial Retailing, Inc.

    5,500        191,374   

Azbil Corp.

    2,700        81,594   

Bando Chemical Industries, Ltd.

    19,500        193,877   

Bank of Iwate, Ltd. (The)

    7,200        278,385   

Bank of Kochi, Ltd. (The)

    16,000        17,071   

Bank of Nagoya, Ltd. (The)

    7,800        271,794   

Bank of Okinawa, Ltd. (The)

    10,560        313,856   

Bank of Saga, Ltd. (The)

    67,000        165,168   

Bank of the Ryukyus, Ltd.

    15,800        187,495   

Belc Co., Ltd.

    2,800        106,280   

Belluna Co., Ltd.

    21,900        135,305   

Benefit One, Inc.

    5,400        169,225   

Best Denki Co., Ltd.

    40,000        43,184   

Bic Camera, Inc.

    23,500        195,159   

Biofermin Pharmaceutical Co., Ltd.

    500        13,245   

BML, Inc.

    7,600        200,276   

Bookoff Corp.

    4,700        36,812   

BP Castrol KK

    2,600        33,290   

Broadleaf Co., Ltd.

    5,100        55,915   

BRONCO BILLY Co., Ltd.

    2,400        73,024   

Bull-Dog Sauce Co., Ltd.

    600        12,114   

Bunka Shutter Co., Ltd.

    19,000        151,414   

C Uyemura & Co., Ltd.

    2,800        126,307   

CAC Holdings Corp.

    6,200        52,511   

Calsonic Kansei Corp.

    49,000        453,144   

Can Do Co., Ltd.

    3,500        56,288   

Canare Electric Co., Ltd.

    800        15,339   

Canon Electronics, Inc.

    7,400        117,393   

Capcom Co., Ltd.

    15,400        377,322   

Carlit Holdings Co., Ltd.

    7,300        36,544   

Cawachi, Ltd.

    5,700        137,747   

Central Glass Co., Ltd.

    75,000        295,554   

Central Security Patrols Co., Ltd.

    3,300        62,862   

Central Sports Co., Ltd.

    3,200        76,027   

Chiba Kogyo Bank, Ltd. (The)

    16,000        64,060   

Chilled & Frozen Logistics Holdings Co., Ltd.

    2,800        25,057   

CHIMNEY Co., Ltd.

    1,400        39,355   

Chino Corp.

    4,000        40,209   

Chiyoda Co., Ltd.

    7,600        186,639   

Chiyoda Corp.

    6,000        49,293   

Chiyoda Integre Co., Ltd.

    5,300        107,795   

Chofu Seisakusho Co., Ltd.

    5,700        149,428   

 

MSF-106


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Chori Co., Ltd.

    5,000      $ 73,741   

Chubu Shiryo Co., Ltd.

    10,400        75,913   

Chudenko Corp.

    8,600        174,163   

Chuetsu Pulp & Paper Co., Ltd.

    35,000        77,035   

Chugai Mining Co., Ltd. (b)

    68,200        17,552   

Chugai Ro Co., Ltd.

    36,000        71,251   

Chugoku Marine Paints, Ltd.

    22,000        154,563   

Chukyo Bank, Ltd. (The)

    6,400        144,840   

Chuo Gyorui Co., Ltd.

    2,000        5,113   

Chuo Spring Co., Ltd.

    19,000        53,415   

Ci:z Holdings Co., Ltd.

    7,500        215,355   

CKD Corp.

    20,900        252,612   

Clarion Co., Ltd.

    34,000        100,971   

Cleanup Corp.

    9,700        82,524   

CMIC Holdings Co., Ltd.

    3,900        59,312   

CMK Corp. (b)

    24,300        131,401   

Cocokara fine, Inc.

    5,700        219,321   

Colowide Co., Ltd.

    17,000        310,133   

Computer Engineering & Consulting, Ltd.

    5,900        111,435   

Computer Institute of Japan, Ltd.

    2,000        9,507   

COMSYS Holdings Corp.

    700        12,411   

CONEXIO Corp.

    7,900        109,660   

COOKPAD, Inc.

    12,600        120,799   

Corona Corp.

    8,500        85,677   

Cosel Co., Ltd.

    9,900        119,759   

Cosmo Energy Holdings Co., Ltd.

    21,800        273,997   

Cosmos Initia Co., Ltd.

    3,500        12,456   

Create Medic Co., Ltd.

    1,800        16,422   

Create SD Holdings Co., Ltd.

    8,300        198,192   

Cresco, Ltd.

    2,000        50,481   

CROOZ, Inc.

    1,400        31,529   

CTI Engineering Co., Ltd.

    5,900        52,925   

DA Consortium, Inc. (a)

    7,600        58,309   

Dai Nippon Toryo Co., Ltd.

    53,000        106,761   

Dai-Dan Co., Ltd.

    14,000        109,551   

Dai-ichi Seiko Co., Ltd.

    4,000        40,665   

Daibiru Corp.

    19,800        180,865   

Daido Kogyo Co., Ltd.

    10,000        21,788   

Daido Metal Co., Ltd.

    11,200        122,928   

Daido Steel Co., Ltd.

    36,000        165,339   

Daidoh, Ltd.

    13,700        55,579   

Daifuku Co., Ltd.

    23,000        422,317   

Daihatsu Diesel Manufacturing Co., Ltd.

    9,000        49,395   

Daihen Corp.

    40,000        213,004   

Daiho Corp.

    25,000        138,567   

Daiichi Jitsugyo Co., Ltd.

    20,000        109,243   

Daiichi Kigenso Kagaku-Kogyo Co., Ltd.

    1,000        31,839   

Daiichikosho Co., Ltd.

    3,900        159,365   

Daiken Corp.

    4,800        93,781   

Daiken Medical Co., Ltd.

    4,400        32,931   

Daiki Aluminium Industry Co., Ltd.

    9,000        32,080   

Daikoku Denki Co., Ltd.

    2,700        41,019   

Daikokutenbussan Co., Ltd.

    1,900        90,597   

Daikyo, Inc.

    115,000        208,804   

Dainichi Co., Ltd.

    4,100        26,463   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

    31,000        151,208   

Japan—(Continued)

  

Daio Paper Corp.

    27,000      319,416   

Daisan Bank, Ltd. (The)

    9,200        151,263   

Daiseki Co., Ltd.

    12,300        239,937   

Daiseki Eco. Solution Co., Ltd.

    2,000        27,539   

Daishi Bank, Ltd. (The)

    137,000        526,652   

Daishinku Corp.

    3,600        39,056   

Daisue Construction Co., Ltd.

    2,300        19,528   

Daisyo Corp.

    5,100        76,330   

Daito Bank, Ltd. (The)

    59,000        98,638   

Daito Electron Co., Ltd.

    800        5,985   

Daito Pharmaceutical Co., Ltd.

    3,960        92,941   

Daiwa Industries, Ltd.

    11,000        99,379   

Daiwabo Holdings Co., Ltd.

    84,000        198,377   

DCM Holdings Co., Ltd.

    37,900        325,741   

Denka Co., Ltd.

    24,000        103,844   

Denki Kogyo Co., Ltd.

    21,000        105,244   

Denyo Co., Ltd.

    4,800        49,956   

Descente, Ltd.

    13,700        177,273   

DKK-Toa Corp.

    2,200        10,131   

DKS Co., Ltd.

    18,000        59,350   

DMG Mori Co., Ltd.

    23,500        245,001   

DMW Corp.

    700        12,438   

Doshisha Co., Ltd.

    8,200        171,904   

Doutor Nichires Holdings Co., Ltd.

    11,500        211,132   

DSB Co., Ltd.

    5,300        26,357   

DTS Corp.

    6,600        146,738   

Dunlop Sports Co., Ltd.

    4,900        49,480   

Duskin Co., Ltd.

    14,900        277,120   

Dydo Drinco, Inc.

    2,700        150,008   

Dynic Corp.

    16,000        25,709   

Eagle Industry Co., Ltd.

    7,800        95,264   

Earth Chemical Co., Ltd.

    2,700        127,406   

Ebara Jitsugyo Co., Ltd.

    3,500        42,469   

EDION Corp.

    34,100        285,671   

eGuarantee, Inc.

    400        11,015   

Ehime Bank, Ltd. (The)

    15,200        191,060   

Eidai Co., Ltd.

    14,000        57,747   

Eighteenth Bank, Ltd. (The)

    70,000        207,718   

Eiken Chemical Co., Ltd.

    4,600        132,422   

Eizo Corp.

    6,300        170,970   

Elecom Co., Ltd.

    5,100        110,879   

Elematec Corp.

    4,000        77,609   

EM Systems Co., Ltd.

    1,800        27,617   

en-japan, Inc.

    6,800        147,136   

Endo Lighting Corp.

    2,600        20,663   

Enplas Corp.

    3,400        103,061   

Enshu, Ltd. (b)

    23,000        14,134   

EPS Holdings, Inc.

    7,900        108,512   

ESPEC Corp.

    9,100        118,548   

Excel Co., Ltd.

    2,500        31,081   

Exedy Corp.

    12,400        315,512   

F-Tech, Inc.

    3,600        43,930   

F@N Communications, Inc.

    9,600        70,583   

Faith, Inc.

    2,680        31,027   

FALCO HOLDINGS Co., Ltd.

    3,100        39,666   

FamilyMart UNY Holdings Co., Ltd.

    2,801        185,821   

Fancl Corp. (d)

    6,500        110,621   

 

MSF-107


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

FCC Co., Ltd.

    12,600      $ 270,726   

FDK Corp. (b)

    25,000        25,081   

Feed One Co., Ltd.

    65,080        74,687   

Ferrotec Corp.

    12,700        158,020   

FIDEA Holdings Co., Ltd.

    62,510        98,032   

Fields Corp.

    6,000        75,110   

Financial Products Group Co., Ltd. (d)

    20,000        185,821   

FINDEX, Inc.

    3,900        62,322   

First Juken Co., Ltd.

    3,400        44,936   

Foster Electric Co., Ltd.

    8,800        161,505   

FP Corp.

    4,400        247,242   

France Bed Holdings Co., Ltd.

    13,000        113,082   

Freund Corp.

    2,400        37,144   

FTGroup Co., Ltd.

    1,500        12,573   

Fudo Tetra Corp.

    60,300        101,730   

Fuji Co., Ltd.

    7,300        147,110   

Fuji Corp., Ltd.

    8,600        58,462   

Fuji Kiko Co., Ltd.

    7,600        27,133   

Fuji Kosan Co., Ltd.

    4,600        18,425   

Fuji Kyuko Co., Ltd. (d)

    13,000        152,050   

Fuji Oil Co., Ltd. (b)

    21,100        66,363   

Fuji Oil Holdings, Inc.

    22,300        456,980   

Fuji Pharma Co., Ltd.

    2,800        74,352   

Fuji Seal International, Inc.

    7,000        287,951   

Fuji Soft, Inc.

    7,300        204,827   

Fujibo Holdings, Inc.

    3,700        106,952   

Fujicco Co., Ltd.

    8,500        195,445   

Fujikura Kasei Co., Ltd.

    9,500        56,774   

Fujikura Rubber, Ltd.

    5,800        26,633   

Fujikura, Ltd.

    106,000        576,914   

Fujimi, Inc.

    7,000        105,804   

Fujimori Kogyo Co., Ltd.

    4,800        112,851   

Fujisash Co., Ltd.

    24,500        19,961   

Fujishoji Co., Ltd.

    1,300        13,160   

Fujita Kanko, Inc.

    8,000        28,237   

Fujitec Co., Ltd.

    22,300        265,625   

Fujitsu Frontech, Ltd.

    4,500        44,478   

Fujitsu General, Ltd.

    8,000        173,782   

Fujiya Co., Ltd. (b)

    5,000        9,985   

FuKoKu Co., Ltd.

    5,100        39,363   

Fukuda Corp.

    10,000        110,256   

Fukui Bank, Ltd. (The)

    109,000        277,626   

Fukushima Bank, Ltd. (The)

    112,000        99,839   

Fukushima Industries Corp.

    4,600        150,622   

Fukuyama Transporting Co., Ltd. (d)

    53,000        308,517   

FULLCAST Holdings Co., Ltd.

    4,300        38,121   

Fumakilla, Ltd.

    5,000        32,083   

Funai Electric Co., Ltd.

    7,900        64,753   

Funai Soken Holdings, Inc.

    7,780        116,258   

Furukawa Battery Co., Ltd.

    5,000        31,999   

Furukawa Co., Ltd.

    105,000        164,425   

Furukawa Electric Co., Ltd.

    27,500        746,745   

Furuno Electric Co., Ltd.

    10,500        56,826   

Furusato Industries, Ltd.

    4,600        66,694   

Furuya Metal Co., Ltd.

    1,700        25,968   

Fuso Chemical Co., Ltd.

    4,000        81,788   

Fuso Pharmaceutical Industries, Ltd.

    3,100        85,748   

Japan—(Continued)

  

Futaba Corp.

    10,200      166,177   

Futaba Industrial Co., Ltd.

    23,600        117,450   

Future Corp.

    8,400        62,679   

Fuyo General Lease Co., Ltd.

    8,000        397,158   

G-Tekt Corp.

    7,700        142,075   

Gakken Holdings Co., Ltd.

    28,000        85,628   

GCA Corp.

    4,900        35,112   

Gecoss Corp.

    6,400        55,609   

Genki Sushi Co., Ltd.

    1,600        32,916   

Genky Stores, Inc.

    1,200        48,015   

Geo Holdings Corp.

    13,500        174,452   

GLOBERIDE, Inc.

    3,500        59,552   

Glory, Ltd.

    7,500        248,329   

GMO Click Holdings, Inc.

    1,800        12,899   

GMO internet, Inc.

    20,400        273,991   

GMO Payment Gateway, Inc.

    2,600        135,392   

Godo Steel, Ltd.

    5,000        88,929   

Goldcrest Co., Ltd.

    8,230        135,078   

Grandy House Corp.

    3,600        12,357   

Gree, Inc.

    26,400        148,142   

GSI Creos Corp.

    28,000        31,573   

Gun-Ei Chemical Industry Co., Ltd.

    2,400        71,180   

Gunze, Ltd.

    69,000        222,546   

Gurunavi, Inc.

    8,500        233,751   

H-One Co., Ltd.

    6,000        48,850   

Hagihara Industries, Inc.

    2,900        67,476   

Hakudo Co., Ltd.

    500        6,111   

Hakuto Co., Ltd.

    7,100        65,131   

Hakuyosha Co., Ltd.

    800        18,872   

Hamakyorex Co., Ltd.

    5,600        100,974   

Hanwa Co., Ltd.

    79,000        479,431   

Happinet Corp.

    5,000        52,710   

Hard Off Corp. Co., Ltd.

    4,900        53,044   

Harima Chemicals Group, Inc.

    7,100        35,715   

Haruyama Trading Co., Ltd.

    5,400        40,631   

Hazama Ando Corp.

    54,490        331,074   

Heiwa Corp.

    200        4,446   

Heiwa Real Estate Co., Ltd.

    16,900        243,436   

Heiwado Co., Ltd.

    11,200        217,730   

HI-LEX Corp.

    7,700        208,601   

Hibiya Engineering, Ltd.

    8,700        142,549   

Hiday Hidaka Corp.

    4,039        97,416   

Himaraya Co., Ltd.

    2,600        20,958   

Hioki EE Corp.

    2,300        43,423   

Hiramatsu, Inc.

    8,300        49,008   

Hirano Tecseed Co., Ltd.

    500        4,659   

Hisaka Works, Ltd.

    11,000        93,073   

Hitachi Koki Co., Ltd.

    21,200        154,009   

Hitachi Kokusai Electric, Inc.

    18,000        330,228   

Hitachi Transport System, Ltd.

    9,600        191,602   

Hitachi Zosen Corp.

    61,600        311,822   

Hochiki Corp.

    10,000        111,034   

Hodogaya Chemical Co., Ltd.

    2,800        74,906   

Hogy Medical Co., Ltd.

    4,600        322,067   

Hokkaido Electric Power Co., Inc.

    20,900        178,309   

Hokkaido Gas Co., Ltd.

    27,000        73,863   

Hokkan Holdings, Ltd.

    25,000        85,986   

 

MSF-108


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Hokko Chemical Industry Co., Ltd.

    8,000      $ 23,222   

Hokkoku Bank, Ltd. (The)

    109,000        329,375   

Hokuetsu Bank, Ltd. (The)

    9,600        203,188   

Hokuetsu Industries Co., Ltd.

    7,000        46,451   

Hokuetsu Kishu Paper Co., Ltd.

    58,300        351,122   

Hokuriku Electric Industry Co., Ltd.

    28,000        33,082   

Hokuriku Electrical Construction Co., Ltd.

    3,000        20,769   

Hokuriku Gas Co., Ltd.

    1,000        25,472   

Hokuto Corp.

    7,100        127,617   

Honeys Co., Ltd.

    6,930        81,215   

Hoosiers Holdings Co., Ltd.

    12,700        66,296   

Horiba, Ltd.

    12,200        598,938   

Hosiden Corp.

    20,000        145,271   

Hosokawa Micron Corp.

    11,000        61,916   

House Foods Group, Inc.

    3,300        75,583   

Howa Machinery, Ltd.

    5,700        29,667   

Hurxley Corp.

    800        7,363   

Hyakugo Bank, Ltd. (The)

    94,000        339,893   

Hyakujushi Bank, Ltd. (The)

    107,000        326,691   

I-Net Corp.

    3,520        36,230   

Ibiden Co., Ltd.

    5,700        76,559   

IBJ Leasing Co., Ltd.

    7,200        144,868   

Ichibanya Co., Ltd.

    1,000        35,000   

Ichiken Co., Ltd.

    12,000        35,905   

Ichikoh Industries, Ltd.

    16,000        47,984   

ICHINEN HOLDINGS Co., Ltd.

    7,400        70,072   

Ichiyoshi Securities Co., Ltd.

    12,600        95,618   

Icom, Inc.

    3,800        75,527   

Idec Corp.

    11,300        104,693   

IDOM, Inc.

    20,400        114,647   

Ihara Chemical Industry Co., Ltd. (d)

    15,900        141,854   

Iino Kaiun Kaisha, Ltd.

    32,200        116,159   

IJT Technology Holdings Co., Ltd.

    9,000        31,137   

Ikegami Tsushinki Co., Ltd.

    30,000        38,044   

Imagica Robot Holdings, Inc.

    4,500        24,767   

Imasen Electric Industrial

    7,200        62,257   

Imperial Hotel, Ltd.

    1,300        27,171   

Inaba Denki Sangyo Co., Ltd.

    8,100        292,849   

Inaba Seisakusho Co., Ltd.

    2,100        26,422   

Inabata & Co., Ltd.

    17,700        181,749   

Inageya Co., Ltd.

    12,200        172,225   

Ines Corp.

    13,900        158,739   

Infocom Corp.

    4,000        58,132   

Information Services International-Dentsu, Ltd.

    4,300        80,675   

Innotech Corp.

    10,300        49,833   

Intage Holdings, Inc.

    6,700        112,272   

Internet Initiative Japan, Inc.

    9,800        183,591   

Inui Global Logistics Co., Ltd.

    5,355        51,681   

Iriso Electronics Co., Ltd.

    2,500        133,657   

Ise Chemicals Corp.

    5,000        21,974   

Iseki & Co., Ltd.

    84,000        209,229   

Ishihara Sangyo Kaisha, Ltd. (b)

    12,200        76,891   

Ishii Iron Works Co., Ltd.

    900        13,380   

Ishizuka Glass Co., Ltd.

    5,000        7,581   

IT Holdings Corp.

    25,700        665,275   

Itfor, Inc.

    10,300        62,256   

Itochu Enex Co., Ltd.

    19,400        149,062   

Japan—(Continued)

  

Itochu-Shokuhin Co., Ltd.

    2,400      96,759   

Itoham Yonekyu Holdings, Inc. (b)

    55,936        583,990   

Itoki Corp.

    17,500        118,368   

IwaiCosmo Holdings, Inc.

    7,900        68,880   

Iwaki & Co., Ltd.

    14,000        26,784   

Iwasaki Electric Co., Ltd.

    25,000        39,265   

Iwatani Corp.

    58,000        357,562   

Iwatsuka Confectionery Co., Ltd.

    500        17,277   

Izutsuya Co., Ltd. (b)

    4,700        19,031   

J-Oil Mills, Inc.

    4,000        142,293   

Jafco Co., Ltd.

    3,500        102,818   

Jalux, Inc.

    2,400        40,890   

Jamco Corp.

    3,400        68,721   

Janome Sewing Machine Co., Ltd. (b)

    7,099        39,972   

Japan Aviation Electronics Industry, Ltd.

    7,000        108,898   

Japan Digital Laboratory Co., Ltd.

    8,200        119,835   

Japan Display, Inc. (b) (d)

    60,000        93,671   

Japan Drilling Co., Ltd.

    2,100        49,518   

Japan Foundation Engineering Co., Ltd.

    14,100        47,937   

Japan Medical Dynamic Marketing, Inc.

    3,000        22,985   

Japan Oil Transportation Co., Ltd.

    100        2,218   

Japan Petroleum Exploration Co., Ltd.

    3,500        77,262   

Japan Property Management Center Co., Ltd.

    1,000        12,597   

Japan Pulp & Paper Co., Ltd.

    46,000        149,797   

Japan Radio Co., Ltd.

    4,000        57,160   

Japan Steel Works, Ltd. (The)

    23,800        539,941   

Japan Transcity Corp.

    29,000        105,420   

Japan Wool Textile Co., Ltd. (The)

    23,000        163,586   

Jastec Co., Ltd.

    5,100        54,643   

JBCC Holdings, Inc.

    7,000        45,653   

JCU Corp.

    1,600        62,047   

Jeol, Ltd.

    26,000        105,075   

Jimoto Holdings, Inc.

    67,900        96,334   

Jin Co., Ltd.

    4,200        194,654   

JK Holdings Co., Ltd.

    5,600        27,611   

JMS Co., Ltd.

    15,000        40,170   

Joban Kosan Co., Ltd. (d)

    1,700        25,073   

Joshin Denki Co., Ltd.

    23,000        197,585   

JP-Holdings, Inc.

    17,900        49,354   

JSP Corp.

    5,100        115,910   

Juki Corp.

    11,200        81,779   

Juroku Bank, Ltd. (The)

    131,000        373,702   

Justsystems Corp.

    9,700        86,004   

JVC Kenwood Corp.

    53,300        134,050   

K&O Energy Group, Inc.

    6,700        96,126   

K’s Holdings Corp.

    7,500        123,892   

kabu.com Securities Co., Ltd.

    52,100        175,131   

Kadokawa Dwango (b)

    12,508        182,068   

Kaga Electronics Co., Ltd.

    7,200        89,089   

Kakiyasu Honten Co., Ltd.

    3,800        69,108   

Kameda Seika Co., Ltd.

    4,100        229,299   

Kamei Corp.

    13,900        121,086   

Kanaden Corp.

    9,700        95,708   

Kanagawa Chuo Kotsu Co., Ltd.

    18,000        127,394   

Kanamoto Co., Ltd.

    8,800        226,196   

Kandenko Co., Ltd.

    41,000        378,219   

Kanematsu Corp.

    149,000        231,293   

 

MSF-109


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Kanematsu Electronics, Ltd.

    4,300      $ 81,450   

Kanemi Co., Ltd.

    100        3,384   

Kansai Urban Banking Corp.

    11,000        112,484   

Kanto Denka Kogyo Co., Ltd. (d)

    15,000        135,487   

Kasai Kogyo Co., Ltd.

    8,600        89,827   

Katakura & Co-op Agri Corp.

    8,000        16,747   

Katakura Industries Co., Ltd.

    11,500        137,062   

Kato Sangyo Co., Ltd.

    7,100        168,081   

Kato Works Co., Ltd.

    3,800        79,371   

Kawada Technologies, Inc.

    1,500        66,235   

Kawai Musical Instruments Manufacturing Co., Ltd.

    2,600        45,532   

Kawasaki Kinkai Kisen Kaisha, Ltd.

    7,000        19,536   

Kawasaki Kisen Kaisha, Ltd. (d)

    122,000        314,008   

Kawasumi Laboratories, Inc.

    4,900        27,816   

Keihanshin Building Co., Ltd.

    14,500        73,120   

Keihin Co. Ltd/Minato-Ku Tokyo Japan

    23,000        29,860   

Keihin Corp.

    17,200        272,997   

Keiyo Bank, Ltd. (The)

    113,000        479,867   

Keiyo Co., Ltd.

    17,200        87,951   

Kenko Mayonnaise Co., Ltd.

    3,600        127,959   

KEY Coffee, Inc.

    7,500        140,851   

KFC Holdings Japan, Ltd.

    4,000        72,919   

Kimoto Co., Ltd.

    14,900        34,400   

Kimura Chemical Plants Co., Ltd.

    3,300        11,662   

King Jim Co., Ltd.

    5,800        48,473   

Kinki Sharyo Co., Ltd. (The)

    1,200        27,469   

Kintetsu Department Store Co., Ltd. (b)

    19,000        65,632   

Kintetsu World Express, Inc.

    10,800        139,719   

Kissei Pharmaceutical Co., Ltd.

    8,100        216,335   

Kita-Nippon Bank, Ltd. (The)

    4,000        107,534   

Kitagawa Iron Works Co., Ltd.

    3,100        51,087   

Kitamura Co., Ltd.

    3,700        28,467   

Kitano Construction Corp.

    22,000        57,481   

Kito Corp.

    8,200        78,977   

Kitz Corp.

    39,200        216,180   

Kiyo Bank, Ltd. (The)

    33,500        525,567   

KLab, Inc. (b)

    10,600        66,364   

KNT-CT Holdings Co., Ltd. (b)

    33,000        36,647   

Koa Corp.

    13,800        117,736   

Koatsu Gas Kogyo Co., Ltd.

    13,000        87,196   

Kobe Bussan Co., Ltd.

    3,600        99,971   

Kobe Electric Railway Co., Ltd. (b)

    5,000        17,827   

Kobelco Eco-Solutions Co., Ltd.

    6,000        23,005   

Kohnan Shoji Co., Ltd.

    13,000        252,883   

Kohsoku Corp.

    5,400        51,127   

Koike Sanso Kogyo Co., Ltd.

    7,000        17,110   

Kojima Co., Ltd.

    12,000        26,139   

Kokusai Co., Ltd.

    3,400        27,923   

Kokuyo Co., Ltd.

    33,800        489,990   

KOMAIHALTEC, Inc.

    2,400        46,635   

Komatsu Seiren Co., Ltd.

    16,300        104,318   

Komatsu Wall Industry Co., Ltd.

    2,700        44,903   

Komeri Co., Ltd.

    12,300        298,696   

Komori Corp.

    20,000        251,620   

Konaka Co., Ltd.

    7,300        34,282   

Kondotec, Inc.

    9,400        69,535   

Japan—(Continued)

  

Konishi Co., Ltd.

    13,200      165,018   

Konoike Transport Co., Ltd.

    3,200        43,592   

Kosaido Co., Ltd. (b)

    3,700        11,161   

Koshidaka Holdings Co., Ltd.

    2,500        42,477   

Kotobuki Spirits Co., Ltd.

    6,700        172,513   

Kourakuen Holdings Corp.

    2,900        44,893   

Krosaki Harima Corp.

    24,000        61,860   

KRS Corp.

    2,200        52,095   

KU Holdings Co., Ltd.

    8,000        62,324   

Kumagai Gumi Co., Ltd.

    91,000        235,238   

Kura Corp.

    3,300        160,694   

Kurabo Industries, Ltd.

    93,000        176,436   

Kureha Corp.

    5,200        190,679   

Kurimoto, Ltd.

    3,500        59,615   

Kuroda Electric Co., Ltd.

    13,800        264,439   

Kusuri No. Aoki Co., Ltd.

    4,900        250,064   

KYB Corp.

    74,000        330,967   

Kyodo Printing Co., Ltd.

    51,000        167,478   

Kyoei Steel, Ltd.

    6,100        115,765   

Kyokuto Boeki Kaisha, Ltd.

    9,000        17,034   

Kyokuto Kaihatsu Kogyo Co., Ltd.

    11,400        131,577   

Kyokuto Securities Co., Ltd.

    7,600        97,494   

Kyokuyo Co., Ltd.

    3,500        95,006   

KYORIN Holdings, Inc.

    16,100        364,928   

Kyoritsu Maintenance Co., Ltd.

    3,259        203,598   

Kyoritsu Printing Co., Ltd.

    6,800        20,211   

Kyosan Electric Manufacturing Co., Ltd.

    29,000        110,087   

Kyowa Electronic Instruments Co., Ltd.

    8,000        27,777   

Kyowa Exeo Corp.

    32,300        459,975   

Kyowa Leather Cloth Co., Ltd.

    3,300        25,049   

Kyudenko Corp.

    12,500        457,702   

Kyushu Financial Group, Inc.

    124,300        848,313   

LAC Co., Ltd.

    5,900        60,029   

Land Business Co., Ltd.

    7,100        19,066   

Lasertec Corp.

    6,100        116,989   

LEC, Inc.

    3,400        81,958   

Leopalace21 Corp.

    82,400        543,721   

Life Corp.

    6,500        207,193   

Link And Motivation, Inc.

    8,900        22,276   

Lintec Corp.

    17,100        342,018   

Livesense, Inc. (b)

    3,500        15,606   

Look, Inc.

    11,000        15,344   

M&A Capital Partners Co., Ltd. (b)

    700        15,006   

Macnica Fuji Electronics Holdings, Inc.

    16,350        187,008   

Maeda Corp.

    40,000        339,591   

Maeda Kosen Co., Ltd.

    5,700        64,863   

Maeda Road Construction Co., Ltd.

    21,000        375,750   

Maezawa Kasei Industries Co., Ltd.

    6,800        66,662   

Maezawa Kyuso Industries Co., Ltd.

    5,600        74,884   

Makino Milling Machine Co., Ltd.

    40,000        246,478   

Mamiya-Op Co., Ltd.

    1,900        21,877   

Mandom Corp.

    5,200        237,738   

Mani, Inc.

    5,700        127,859   

Mars Engineering Corp.

    3,600        71,522   

Marubun Corp.

    8,200        47,475   

Marudai Food Co., Ltd.

    51,000        248,476   

Maruei Department Store Co., Ltd. (b)

    8,000        6,497   

 

MSF-110


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Marufuji Sheet Piling Co., Ltd.

    13,000      $ 28,474   

Maruha Nichiro Corp.

    13,900        377,664   

Maruka Machinery Co., Ltd.

    2,900        33,766   

Marusan Securities Co., Ltd.

    7,600        62,819   

Maruwa Co., Ltd.

    3,700        139,538   

Maruyama Manufacturing Co., Inc.

    15,000        25,152   

Maruzen CHI Holdings Co., Ltd. (b)

    15,500        57,993   

Maruzen Showa Unyu Co., Ltd.

    28,000        106,887   

Marvelous, Inc. (d)

    9,500        73,993   

Matsuda Sangyo Co., Ltd.

    7,000        96,034   

Matsui Construction Co., Ltd.

    9,000        105,596   

Matsuya Foods Co., Ltd.

    2,500        77,722   

Max Co., Ltd.

    15,000        180,793   

Maxvalu Nishinihon Co., Ltd.

    2,400        38,377   

Maxvalu Tokai Co., Ltd.

    5,000        88,564   

MEC Co., Ltd.

    7,300        72,852   

Medical System Network Co., Ltd.

    5,300        24,923   

Megachips Corp.

    7,600        155,867   

Megmilk Snow Brand Co., Ltd.

    13,500        493,048   

Meidensha Corp.

    58,000        190,876   

Meiji Shipping Co., Ltd.

    8,500        31,127   

Meiko Electronics Co., Ltd. (b)

    7,500        26,551   

Meiko Network Japan Co., Ltd.

    7,200        63,700   

Meisei Industrial Co., Ltd.

    17,000        81,068   

Meitec Corp.

    9,500        333,726   

Meito Sangyo Co., Ltd.

    4,500        59,169   

Meiwa Corp.

    10,900        36,485   

Meiwa Estate Co., Ltd.

    5,200        28,958   

Melco Holdings, Inc.

    4,500        109,376   

Michinoku Bank, Ltd. (The)

    69,000        135,949   

Micronics Japan Co., Ltd.

    8,600        115,089   

Mie Bank, Ltd. (The)

    4,300        84,903   

Mikuni Corp.

    3,000        9,757   

Milbon Co., Ltd.

    3,660        179,480   

Mimasu Semiconductor Industry Co., Ltd.

    8,200        97,112   

Minato Bank, Ltd. (The)

    6,300        100,718   

Ministop Co., Ltd.

    5,400        93,211   

Miraial Co., Ltd.

    2,900        20,269   

Mirait Holdings Corp.

    24,400        207,560   

Miroku Jyoho Service Co., Ltd.

    5,900        115,493   

Misawa Homes Co., Ltd.

    11,400        86,732   

Mitani Corp.

    9,100        276,201   

Mitani Sekisan Co., Ltd.

    4,100        93,472   

Mito Securities Co., Ltd.

    24,000        56,981   

Mitsuba Corp.

    13,200        174,059   

Mitsubishi Nichiyu Forklift Co., Ltd.

    8,000        53,121   

Mitsubishi Paper Mills, Ltd. (b)

    14,400        97,342   

Mitsubishi Pencil Co., Ltd.

    5,900        292,631   

Mitsubishi Research Institute, Inc.

    2,700        84,725   

Mitsubishi Shokuhin Co., Ltd.

    4,800        155,690   

Mitsubishi Steel Manufacturing Co., Ltd.

    65,000        107,887   

Mitsuboshi Belting, Ltd.

    22,000        187,442   

Mitsui Engineering & Shipbuilding Co., Ltd.

    300,000        422,582   

Mitsui High-Tec, Inc.

    11,600        79,637   

Mitsui Home Co., Ltd.

    14,000        65,664   

Mitsui Matsushima Co., Ltd.

    6,600        76,414   

Mitsui Mining & Smelting Co., Ltd.

    242,000        506,448   

Japan—(Continued)

  

Mitsui Sugar Co., Ltd.

    7,200      173,528   

Mitsui-Soko Holdings Co., Ltd.

    47,000        149,333   

Mitsumi Electric Co., Ltd. (b)

    33,000        186,379   

Mitsumura Printing Co., Ltd.

    5,000        10,544   

Mitsuuroko Group Holdings Co., Ltd.

    12,900        73,676   

Miyaji Engineering Group, Inc.

    27,000        40,299   

Miyazaki Bank, Ltd. (The)

    73,000        193,797   

Miyoshi Oil & Fat Co., Ltd.

    40,000        49,903   

Mizuno Corp.

    37,000        198,546   

Mochida Pharmaceutical Co., Ltd.

    3,500        273,896   

Modec, Inc.

    3,000        53,534   

Monex Group, Inc.

    73,600        172,993   

Money Partners Group Co., Ltd.

    7,100        33,703   

Monogatari Corp. (The)

    1,700        75,533   

MORESCO Corp.

    2,500        31,649   

Morinaga & Co., Ltd.

    10,000        482,108   

Morinaga Milk Industry Co., Ltd.

    70,000        559,448   

Morita Holdings Corp.

    12,500        177,266   

Morozoff, Ltd.

    13,000        56,550   

Mory Industries, Inc.

    2,800        44,687   

Mr Max Corp.

    10,500        33,275   

MTI, Ltd.

    9,200        56,758   

Mugen Estate Co., Ltd.

    400        2,966   

Murakami Corp.

    3,000        50,729   

Musashi Seimitsu Industry Co., Ltd.

    7,900        185,487   

Musashino Bank, Ltd. (The)

    12,600        318,549   

Mutoh Holdings Co., Ltd.

    9,000        20,500   

NAC Co., Ltd.

    3,600        31,211   

Nachi-Fujikoshi Corp.

    60,000        220,754   

Nafco Co., Ltd.

    1,400        22,535   

Nagaileben Co., Ltd.

    5,600        124,773   

Nagano Bank, Ltd. (The)

    4,300        81,453   

Nagano Keiki Co., Ltd.

    4,200        24,481   

Nagase & Co., Ltd.

    2,600        31,269   

Nagatanien Holdings Co., Ltd.

    12,000        155,671   

Nagawa Co., Ltd.

    2,800        100,473   

Nakabayashi Co., Ltd.

    24,000        56,290   

Nakamuraya Co., Ltd.

    1,900        87,624   

Nakanishi, Inc.

    4,100        148,928   

Nakano Corp.

    4,000        15,863   

Nakayama Steel Works, Ltd. (b)

    6,300        41,391   

Nakayamafuku Co., Ltd.

    2,000        15,611   

Namura Shipbuilding Co., Ltd.

    18,956        127,997   

Nanto Bank, Ltd. (The)

    9,700        343,517   

Narasaki Sangyo Co., Ltd.

    4,000        9,253   

Natori Co., Ltd.

    2,600        44,976   

NDS Co., Ltd.

    2,700        65,939   

NEC Capital Solutions, Ltd.

    3,800        62,755   

NEC Networks & System Integration Corp.

    9,100        154,706   

NET One Systems Co., Ltd.

    31,600        219,852   

Neturen Co., Ltd.

    9,800        75,079   

New Japan Chemical Co., Ltd. (b)

    9,900        14,088   

New Japan Radio Co., Ltd. (b)

    6,000        19,830   

Next Co., Ltd.

    17,000        139,714   

Nexyz Group Corp.

    1,300        18,448   

Nice Holdings, Inc.

    40,000        55,938   

Nichi-iko Pharmaceutical Co., Ltd.

    13,200        252,656   

 

MSF-111


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Nichia Steel Works, Ltd.

    13,000      $ 28,225   

Nichias Corp.

    33,000        291,478   

Nichiban Co., Ltd.

    8,000        61,111   

Nichicon Corp.

    23,900        190,515   

Nichiden Corp.

    3,100        87,533   

Nichiha Corp.

    9,600        214,027   

NichiiGakkan Co., Ltd.

    17,500        136,424   

Nichimo Co., Ltd.

    16,000        23,974   

Nichireki Co., Ltd.

    9,000        65,463   

Nihon Chouzai Co., Ltd.

    1,660        72,638   

Nihon Dempa Kogyo Co., Ltd.

    7,600        60,975   

Nihon Eslead Corp.

    2,700        27,685   

Nihon House Holdings Co., Ltd.

    15,000        60,782   

Nihon Kagaku Sangyo Co., Ltd.

    3,000        21,074   

Nihon Nohyaku Co., Ltd.

    14,000        70,694   

Nihon Parkerizing Co., Ltd.

    31,600        461,356   

Nihon Plast Co., Ltd.

    2,500        23,968   

Nihon Tokushu Toryo Co., Ltd.

    2,200        27,656   

Nihon Trim Co., Ltd.

    1,300        78,059   

Nihon Unisys, Ltd.

    16,900        216,463   

Nihon Yamamura Glass Co., Ltd.

    45,000        77,106   

Nikkato Corp.

    300        1,153   

Nikkiso Co., Ltd.

    21,500        192,821   

Nikko Co., Ltd.

    1,800        29,026   

Nikkon Holdings Co., Ltd.

    22,600        492,128   

Nippon Air Conditioning Services Co., Ltd.

    9,600        54,689   

Nippon Beet Sugar Manufacturing Co., Ltd.

    5,000        97,680   

Nippon Carbide Industries Co., Inc.

    23,000        32,401   

Nippon Carbon Co., Ltd. (d)

    39,000        66,794   

Nippon Ceramic Co., Ltd.

    5,200        96,990   

Nippon Chemi-Con Corp.

    59,000        96,429   

Nippon Chemical Industrial Co., Ltd.

    30,000        70,645   

Nippon Chemiphar Co., Ltd.

    800        33,643   

Nippon Coke & Engineering Co., Ltd.

    71,000        57,895   

Nippon Commercial Development Co., Ltd.

    400        6,807   

Nippon Concrete Industries Co., Ltd.

    14,000        50,148   

Nippon Denko Co., Ltd.

    56,465        95,404   

Nippon Densetsu Kogyo Co., Ltd.

    14,100        264,195   

Nippon Felt Co., Ltd.

    8,600        43,108   

Nippon Filcon Co., Ltd.

    5,200        25,076   

Nippon Fine Chemical Co., Ltd.

    5,800        45,488   

Nippon Flour Mills Co., Ltd.

    22,500        345,460   

Nippon Gas Co., Ltd.

    9,600        299,314   

Nippon Hume Corp.

    8,200        50,323   

Nippon Kanzai Co., Ltd.

    4,800        71,124   

Nippon Kasei Chemical Co., Ltd.

    18,000        23,370   

Nippon Kayaku Co., Ltd.

    10,000        107,793   

Nippon Kinzoku Co., Ltd. (b)

    1,900        17,538   

Nippon Kodoshi Corp.

    1,600        12,337   

Nippon Koei Co., Ltd.

    31,000        142,999   

Nippon Koshuha Steel Co., Ltd.

    31,000        21,760   

Nippon Light Metal Holdings Co., Ltd.

    198,000        426,688   

Nippon Paper Industries Co., Ltd.

    7,000        127,836   

Nippon Parking Development Co., Ltd.

    65,100        91,166   

Nippon Pillar Packing Co., Ltd.

    9,600        97,171   

Nippon Piston Ring Co., Ltd.

    3,200        48,447   

Nippon Rietec Co., Ltd.

    7,000        62,218   

Japan—(Continued)

  

Nippon Road Co., Ltd. (The)

    27,000      108,675   

Nippon Seiki Co., Ltd.

    15,000        286,057   

Nippon Seisen Co., Ltd.

    10,000        45,073   

Nippon Sharyo, Ltd. (b)

    26,000        68,426   

Nippon Sheet Glass Co., Ltd. (b) (d)

    33,000        263,281   

Nippon Signal Co., Ltd.

    20,700        174,505   

Nippon Soda Co., Ltd. (d)

    50,000        213,846   

Nippon Steel & Sumikin Bussan Corp.

    5,196        184,024   

Nippon Suisan Kaisha, Ltd.

    80,500        345,861   

Nippon Systemware Co., Ltd.

    1,300        23,078   

Nippon Thompson Co., Ltd.

    27,000        100,049   

Nippon Valqua Industries, Ltd.

    6,000        81,811   

Nippon Yakin Kogyo Co., Ltd.

    54,000        78,703   

Nipro Corp.

    30,700        389,908   

Nishi-Nippon Railroad Co., Ltd.

    47,000        225,981   

Nishikawa Rubber Co., Ltd.

    1,200        17,741   

Nishimatsu Construction Co., Ltd.

    104,000        483,713   

Nishimatsuya Chain Co., Ltd.

    4,900        74,390   

Nishio Rent All Co., Ltd.

    4,400        129,483   

Nissan Shatai Co., Ltd.

    1,300        11,987   

Nissan Tokyo Sales Holdings Co., Ltd.

    11,000        24,764   

Nissei ASB Machine Co., Ltd.

    2,100        36,151   

Nissei Build Kogyo Co., Ltd.

    18,000        86,553   

Nissei Corp.

    3,700        34,832   

Nissei Plastic Industrial Co., Ltd.

    7,100        50,572   

Nissha Printing Co., Ltd.

    8,700        214,521   

Nisshin Fudosan Co.

    15,200        51,344   

Nisshin Oillio Group, Ltd. (The)

    51,000        236,798   

Nisshin Steel Co., Ltd.

    35,596        481,396   

Nisshinbo Holdings, Inc.

    47,000        465,798   

Nissin Corp.

    30,000        94,421   

Nissin Electric Co., Ltd.

    14,800        246,390   

Nissin Kogyo Co., Ltd.

    16,400        249,978   

Nissui Pharmaceutical Co., Ltd.

    6,000        68,405   

Nitta Corp.

    6,800        170,217   

Nitta Gelatin, Inc.

    4,500        32,027   

Nittan Valve Co., Ltd.

    6,300        22,612   

Nittetsu Mining Co., Ltd.

    2,500        97,030   

Nitto Boseki Co., Ltd.

    49,000        160,021   

Nitto FC Co., Ltd.

    4,500        37,097   

Nitto Fuji Flour Milling Co., Ltd.

    400        14,100   

Nitto Kogyo Corp.

    9,000        117,863   

Nitto Kohki Co., Ltd.

    4,700        110,308   

Nitto Seiko Co., Ltd.

    15,000        54,529   

Nittoc Construction Co., Ltd.

    13,550        64,109   

Nittoku Engineering Co., Ltd.

    5,200        63,758   

NJS Co., Ltd.

    3,300        37,189   

Noevir Holdings Co., Ltd.

    4,800        146,160   

NOF Corp.

    52,000        528,634   

Nohmi Bosai, Ltd.

    7,000        104,087   

Nojima Corp.

    4,200        52,087   

Nomura Co., Ltd.

    12,000        186,855   

Noritake Co., Ltd.

    5,600        129,551   

Noritsu Koki Co., Ltd.

    4,000        27,718   

Noritz Corp.

    12,400        255,900   

North Pacific Bank, Ltd.

    122,400        434,958   

NS Solutions Corp.

    10,200        178,703   

 

MSF-112


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

NS United Kaiun Kaisha, Ltd.

    41,000      $ 56,648   

NSD Co., Ltd.

    10,670        171,385   

NTN Corp.

    38,000        132,961   

Nuflare Technology, Inc.

    800        41,756   

Obara Group, Inc.

    4,400        172,739   

Obayashi Road Corp.

    10,000        63,243   

Odelic Co., Ltd.

    1,000        36,570   

Oenon Holdings, Inc.

    21,000        48,158   

Ogaki Kyoritsu Bank, Ltd. (The)

    140,000        467,020   

Ohara, Inc.

    4,700        28,739   

Ohashi Technica, Inc.

    4,600        57,502   

Ohsho Food Service Corp.

    3,600        141,191   

Oiles Corp.

    9,100        154,942   

Oita Bank, Ltd. (The)

    75,000        272,500   

Okabe Co., Ltd.

    16,000        130,426   

Okamoto Industries, Inc.

    16,000        200,317   

Okamoto Machine Tool Works, Ltd.

    14,000        20,508   

Okamura Corp.

    26,300        254,564   

Okasan Securities Group, Inc.

    7,000        36,003   

Okaya Electric Industries Co., Ltd.

    8,900        33,110   

Oki Electric Industry Co., Ltd.

    22,700        305,530   

Okinawa Cellular Telephone Co.

    4,900        148,059   

Okinawa Electric Power Co., Inc. (The)

    12,825        289,848   

OKK Corp.

    41,000        40,385   

OKUMA Corp.

    45,000        345,609   

Okumura Corp.

    63,000        358,016   

Okura Industrial Co., Ltd.

    26,000        95,809   

Okuwa Co., Ltd.

    10,000        93,476   

Olympic Group Corp.

    4,900        24,360   

ONO Sokki Co., Ltd.

    4,200        35,949   

Onoken Co., Ltd.

    7,400        91,361   

Onward Holdings Co., Ltd.

    49,000        353,390   

Open House Co., Ltd.

    4,200        89,776   

OPT Holding, Inc.

    4,700        34,745   

Optex Co., Ltd.

    4,700        111,486   

Organo Corp.

    18,000        73,543   

Origin Electric Co., Ltd.

    17,000        43,743   

Osaka Organic Chemical Industry, Ltd.

    5,900        39,998   

Osaka Soda Co., Ltd.

    30,000        122,609   

Osaka Steel Co., Ltd.

    5,900        107,166   

OSAKA Titanium Technologies Co., Ltd. (b)

    5,600        77,848   

Osaki Electric Co., Ltd.

    11,000        110,808   

OSG Corp.

    22,700        451,606   

Otsuka Kagu, Ltd.

    5,500        54,705   

OUG Holdings, Inc.

    7,000        17,697   

Outsourcing, Inc.

    3,100        135,665   

Oyo Corp.

    7,400        83,738   

Pacific Industrial Co., Ltd.

    17,600        201,380   

Pacific Metals Co., Ltd. (b)

    72,000        214,806   

Pack Corp. (The)

    5,600        150,704   

Pal Group Holdings Co., Ltd.

    3,800        87,751   

Paltac Corp.

    12,650        296,026   

PanaHome Corp.

    32,000        254,475   

Panasonic Industrial Devices SUNX Co., Ltd.

    6,800        38,205   

Paramount Bed Holdings Co., Ltd.

    6,000        226,368   

Parco Co., Ltd.

    8,100        75,859   

Paris Miki Holdings, Inc.

    17,000        74,025   

Japan—(Continued)

  

Pasco Corp.

    6,000      18,530   

Pasona Group, Inc.

    7,700        62,589   

Penta-Ocean Construction Co., Ltd.

    90,500        515,894   

PIA Corp.

    300        6,750   

Pilot Corp.

    10,800        451,078   

Piolax, Inc.

    3,500        218,069   

Pioneer Corp. (b)

    117,700        256,011   

Plenus Co., Ltd.

    7,800        142,123   

Press Kogyo Co., Ltd.

    37,000        158,110   

Pressance Corp.

    10,400        115,320   

Prestige International, Inc.

    13,400        109,241   

Prima Meat Packers, Ltd.

    48,000        174,096   

Pronexus, Inc.

    9,000        101,898   

Proto Corp.

    5,300        61,359   

PS Mitsubishi Construction Co., Ltd.

    8,800        30,773   

Qol Co., Ltd.

    3,400        49,043   

Raito Kogyo Co., Ltd.

    16,900        203,148   

Rasa Industries, Ltd. (b)

    26,000        27,270   

Relo Holdings, Inc.

    2,300        382,649   

Renaissance, Inc.

    2,800        34,979   

Rengo Co., Ltd.

    81,000        495,755   

Renown, Inc. (b)

    29,200        30,059   

Resort Solution Co., Ltd.

    4,000        12,493   

Retail Partners Co., Ltd.

    1,300        15,226   

Rheon Automatic Machinery Co., Ltd.

    5,000        33,859   

Rhythm Watch Co., Ltd.

    30,000        53,417   

Riberesute Corp.

    4,300        31,801   

Ricoh Leasing Co., Ltd.

    6,400        176,849   

Right On Co., Ltd.

    5,900        60,669   

Riken Corp.

    3,500        120,610   

Riken Keiki Co., Ltd.

    6,000        71,551   

Riken Technos Corp.

    15,000        72,949   

Riken Vitamin Co., Ltd.

    2,700        127,586   

Ringer Hut Co., Ltd.

    4,200        97,316   

Rion Co., Ltd.

    2,200        29,047   

Riso Kagaku Corp.

    9,458        154,694   

Riso Kyoiku Co., Ltd.

    11,590        58,687   

Rock Field Co., Ltd.

    6,600        98,375   

Rohto Pharmaceutical Co., Ltd.

    23,000        395,974   

Rokko Butter Co., Ltd.

    3,600        103,786   

Roland DG Corp.

    3,000        67,315   

Round One Corp.

    28,300        191,874   

Royal Holdings Co., Ltd.

    9,000        155,948   

Ryobi, Ltd.

    47,000        208,798   

Ryoden Corp.

    16,000        100,186   

Ryosan Co., Ltd.

    12,900        393,384   

Ryoyo Electro Corp.

    8,600        104,944   

S Foods, Inc.

    4,100        107,126   

S&B Foods, Inc.

    600        28,715   

Sac’s Bar Holdings, Inc.

    6,850        73,757   

Saibu Gas Co., Ltd.

    136,000        335,619   

Saizeriya Co., Ltd.

    10,300        234,368   

Sakai Chemical Industry Co., Ltd.

    42,000        136,150   

Sakai Heavy Industries, Ltd.

    14,000        26,523   

Sakai Moving Service Co., Ltd.

    2,600        66,107   

Sakai Ovex Co., Ltd.

    1,600        30,484   

Sakata INX Corp.

    11,800        143,317   

 

MSF-113


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Sakata Seed Corp.

    9,300      $ 235,486   

Sala Corp.

    12,900        78,667   

SAMTY Co., Ltd.

    2,600        26,994   

San Holdings, Inc.

    2,500        35,749   

San-A Co., Ltd.

    5,700        285,308   

San-Ai Oil Co., Ltd.

    25,000        170,682   

San-In Godo Bank, Ltd. (The)

    59,000        403,485   

Sanden Holdings Corp.

    42,000        125,270   

Sanei Architecture Planning Co., Ltd.

    4,300        50,065   

Sangetsu Corp.

    21,200        410,811   

Sanken Electric Co., Ltd. (b)

    37,000        119,409   

Sanki Engineering Co., Ltd.

    23,700        211,536   

Sanko Marketing Foods Co., Ltd.

    3,100        28,651   

Sanko Metal Industrial Co., Ltd.

    1,000        29,109   

Sankyo Frontier Co., Ltd.

    2,000        18,075   

Sankyo Seiko Co., Ltd.

    16,300        51,661   

Sankyo Tateyama, Inc.

    11,200        182,174   

Sankyu, Inc.

    96,000        551,406   

Sanoh Industrial Co., Ltd.

    10,100        62,221   

Sanshin Electronics Co., Ltd.

    12,800        110,518   

Sanwa Holdings Corp.

    43,900        424,783   

Sanyo Chemical Industries, Ltd.

    4,200        179,243   

Sanyo Denki Co., Ltd.

    16,000        87,932   

Sanyo Electric Railway Co., Ltd.

    20,000        102,844   

Sanyo Housing Nagoya Co., Ltd.

    3,000        26,703   

Sanyo Industries, Ltd.

    13,000        22,461   

Sanyo Shokai, Ltd.

    51,000        84,565   

Sanyo Special Steel Co., Ltd.

    47,000        263,547   

Sapporo Holdings, Ltd.

    17,100        473,377   

Sata Construction Co., Ltd.

    2,600        10,049   

Sato Holdings Corp.

    6,900        150,586   

Sato Restaurant Systems Co., Ltd.

    4,800        38,364   

Sato Shoji Corp.

    6,500        47,784   

Satori Electric Co., Ltd.

    7,100        50,084   

Sawada Holdings Co., Ltd.

    10,300        103,043   

Saxa Holdings, Inc.

    24,000        51,177   

SBS Holdings, Inc.

    6,900        61,743   

Scroll Corp.

    13,100        48,437   

SEC Carbon, Ltd.

    7,000        13,716   

Secom Joshinetsu Co., Ltd.

    900        28,923   

Seibu Electric Industry Co., Ltd.

    2,400        48,482   

Seika Corp.

    28,000        73,967   

Seikitokyu Kogyo Co., Ltd.

    12,500        63,407   

Seiko Holdings Corp.

    44,000        138,785   

Seino Holdings Co., Ltd.

    13,100        137,657   

Seiren Co., Ltd.

    19,100        227,406   

Sekisui Jushi Corp.

    12,900        209,358   

Sekisui Plastics Co., Ltd.

    12,000        86,259   

Senko Co., Ltd.

    31,000        215,897   

Senshu Electric Co., Ltd.

    2,400        38,951   

Senshu Ikeda Holdings, Inc.

    84,000        370,217   

Senshukai Co., Ltd.

    13,800        96,050   

Septeni Holdings Co., Ltd.

    27,500        122,820   

Seria Co., Ltd.

    3,500        283,599   

Shibaura Electronics Co., Ltd.

    2,800        51,283   

Shibaura Mechatronics Corp.

    18,000        43,256   

Shibusawa Warehouse Co., Ltd. (The)

    25,000        71,011   

Japan—(Continued)

  

Shibuya Corp.

    6,500      122,586   

Shidax Corp.

    9,600        39,411   

Shiga Bank, Ltd. (The)

    89,000        432,810   

Shikibo, Ltd.

    56,000        63,195   

Shikoku Bank, Ltd. (The)

    95,000        202,581   

Shikoku Chemicals Corp.

    16,000        145,695   

Shima Seiki Manufacturing, Ltd.

    10,400        283,801   

Shimachu Co., Ltd.

    20,500        509,757   

Shimane Bank, Ltd. (The)

    2,500        30,007   

Shimizu Bank, Ltd. (The)

    4,900        130,354   

Shimojima Co., Ltd.

    6,300        67,043   

Shin Nippon Air Technologies Co., Ltd.

    7,300        86,048   

Shin-Etsu Polymer Co., Ltd.

    22,600        151,350   

Shin-Keisei Electric Railway Co., Ltd.

    23,000        89,292   

Shinagawa Refractories Co., Ltd.

    20,000        37,570   

Shindengen Electric Manufacturing Co., Ltd.

    28,000        110,349   

Shinkawa, Ltd. (b)

    5,300        36,988   

Shinko Electric Industries Co., Ltd.

    27,600        156,043   

Shinko Plantech Co., Ltd.

    16,100        114,867   

Shinko Shoji Co., Ltd.

    7,700        82,318   

Shinko Wire Co., Ltd.

    12,000        15,124   

Shinmaywa Industries, Ltd.

    34,000        224,990   

Shinnihon Corp.

    11,800        107,108   

Shinoken Group Co., Ltd.

    900        19,064   

Shinsho Corp.

    1,400        24,462   

Shinwa Co., Ltd.

    3,900        58,038   

Ship Healthcare Holdings, Inc.

    14,200        436,264   

Shizuki Electric Co., Inc.

    8,000        53,174   

Shizuoka Gas Co., Ltd.

    21,300        168,059   

Shobunsha Publications, Inc.

    6,700        37,059   

Shochiku Co., Ltd.

    3,000        36,438   

Shoei Foods Corp.

    4,300        63,074   

Shofu, Inc.

    3,900        54,478   

Shoko Co., Ltd. (b)

    19,000        14,461   

Showa Aircraft Industry Co., Ltd.

    4,000        37,043   

Showa Corp.

    17,600        92,681   

Showa Denko KK

    22,600        285,008   

Showa Sangyo Co., Ltd.

    33,000        172,884   

Siix Corp.

    4,800        194,239   

Sinanen Holdings Co., Ltd.

    3,600        73,871   

Sinfonia Technology Co., Ltd.

    42,000        68,877   

Sinko Industries, Ltd.

    6,400        81,973   

Sintokogio, Ltd.

    21,100        194,892   

SKY Perfect JSAT Holdings, Inc.

    29,800        146,393   

SMK Corp.

    23,000        76,243   

SMS Co., Ltd.

    7,300        194,824   

SNT Corp.

    7,800        36,275   

Soda Nikka Co., Ltd.

    7,000        32,285   

Sodick Co., Ltd.

    16,800        124,349   

Soft99 Corp.

    5,100        35,246   

Softbank Technology Corp.

    1,600        48,778   

Software Service, Inc.

    1,200        50,941   

Sogo Medical Co., Ltd.

    2,400        78,456   

Sotoh Co., Ltd.

    4,300        49,506   

Space Co., Ltd.

    5,800        70,385   

Sparx Group Co., Ltd.

    35,900        64,376   

SPK Corp.

    2,500        50,988   

 

MSF-114


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

SRA Holdings

    3,100      $ 67,053   

Srg Takamiya Co., Ltd.

    5,200        28,992   

ST Corp.

    6,900        81,723   

St. Marc Holdings Co., Ltd.

    5,100        139,575   

Star Micronics Co., Ltd.

    12,600        157,546   

Starts Corp., Inc.

    5,800        107,445   

Starzen Co., Ltd.

    2,800        142,295   

Stella Chemifa Corp.

    4,300        165,339   

Step Co., Ltd.

    4,100        46,236   

Studio Alice Co., Ltd.

    2,900        63,527   

Subaru Enterprise Co., Ltd.

    1,000        3,968   

Sugimoto & Co., Ltd.

    3,800        44,694   

Sumco Corp.

    2,200        18,098   

Sumida Corp.

    6,300        62,380   

Suminoe Textile Co., Ltd.

    23,000        53,161   

Sumitomo Bakelite Co., Ltd.

    79,000        413,120   

Sumitomo Densetsu Co., Ltd.

    7,700        80,369   

Sumitomo Mitsui Construction Co., Ltd.

    260,300        244,345   

Sumitomo Osaka Cement Co., Ltd.

    150,000        697,265   

Sumitomo Precision Products Co., Ltd.

    12,000        38,950   

Sumitomo Real Estate Sales Co., Ltd.

    5,960        121,278   

Sumitomo Riko Co., Ltd.

    16,700        156,946   

Sumitomo Seika Chemicals Co., Ltd.

    3,600        127,469   

Sumitomo Warehouse Co., Ltd. (The)

    53,000        282,085   

Sun Frontier Fudousan Co., Ltd.

    7,600        76,757   

Sun-Wa Technos Corp.

    3,900        27,777   

Suncall Corp.

    11,000        50,318   

SWCC Showa Holdings Co., Ltd. (b)

    116,000        80,374   

Systena Corp.

    6,700        128,401   

T Hasegawa Co., Ltd.

    9,100        168,452   

T RAD Co., Ltd.

    36,000        69,991   

T&K Toka Co., Ltd.

    10,000        95,547   

T-Gaia Corp.

    8,400        119,800   

Tabuchi Electric Co., Ltd.

    8,900        29,835   

Tachi-S Co., Ltd.

    10,300        167,442   

Tachibana Eletech Co., Ltd.

    5,640        56,421   

Tadano, Ltd.

    38,000        373,419   

Taihei Dengyo Kaisha, Ltd.

    12,000        120,571   

Taiheiyo Kouhatsu, Inc.

    21,000        16,206   

Taiho Kogyo Co., Ltd.

    7,800        86,011   

Taikisha, Ltd.

    9,800        241,510   

Taiko Bank, Ltd. (The)

    41,000        87,856   

Taiko Pharmaceutical Co., Ltd.

    2,300        37,040   

Taisei Lamick Co., Ltd.

    2,200        62,096   

Taiyo Holdings Co., Ltd.

    5,300        182,921   

Taiyo Yuden Co., Ltd.

    26,600        262,734   

Takachiho Koheki Co., Ltd.

    400        3,600   

Takagi Securities Co., Ltd.

    18,000        22,731   

Takamatsu Construction Group Co., Ltd.

    5,400        125,038   

Takano Co., Ltd.

    6,000        42,259   

Takaoka Toko Co., Ltd.

    5,365        113,202   

Takara Holdings, Inc.

    34,300        320,625   

Takara Leben Co., Ltd.

    28,600        192,662   

Takara Printing Co., Ltd.

    3,100        41,929   

Takara Standard Co., Ltd.

    19,500        362,063   

Takasago International Corp.

    6,400        171,687   

Takasago Thermal Engineering Co., Ltd.

    19,500        290,283   

Japan—(Continued)

  

Takashima & Co., Ltd.

    25,000      41,305   

Takata Corp. (b)

    14,300        50,568   

Take And Give Needs Co., Ltd.

    4,010        18,373   

Takeei Corp.

    8,200        66,781   

Takeuchi Manufacturing Co., Ltd.

    10,000        168,590   

Takihyo Co., Ltd.

    13,000        54,737   

Takiron Co., Ltd.

    21,000        95,804   

Takisawa Machine Tool Co., Ltd.

    22,000        28,818   

Takuma Co., Ltd.

    25,000        236,161   

Tama Home Co., Ltd.

    8,500        43,277   

Tamron Co., Ltd.

    6,000        97,210   

Tamura Corp.

    26,000        98,891   

Tanseisha Co., Ltd.

    11,750        87,615   

TASAKI & Co., Ltd.

    800        11,821   

Tatsuta Electric Wire and Cable Co., Ltd.

    17,000        59,857   

Tayca Corp.

    12,000        63,252   

TBK Co., Ltd.

    8,000        32,369   

Teac Corp. (b)

    40,000        14,218   

TECHNO ASSOCIE Co., Ltd.

    300        2,726   

Techno Medica Co., Ltd.

    2,400        38,332   

Techno Ryowa, Ltd.

    4,800        27,511   

Teikoku Electric Manufacturing Co., Ltd.

    6,800        54,769   

Teikoku Sen-I Co., Ltd.

    6,900        107,739   

Teikoku Tsushin Kogyo Co., Ltd.

    24,000        36,337   

Tenma Corp.

    6,200        98,743   

Teraoka Seisakusho Co., Ltd.

    200        700   

Tigers Polymer Corp.

    2,200        15,285   

TKC Corp.

    6,700        208,389   

Toa Corp.

    9,600        86,849   

Toa Corp.

    8,200        151,597   

Toa Oil Co., Ltd.

    32,000        40,803   

TOA ROAD Corp.

    18,000        45,215   

Toabo Corp.

    3,400        16,955   

Toagosei Co., Ltd.

    37,000        401,917   

Tobishima Corp.

    55,600        95,044   

Tobu Store Co., Ltd.

    1,100        30,559   

TOC Co., Ltd.

    15,800        131,828   

Tocalo Co., Ltd.

    4,800        104,842   

Tochigi Bank, Ltd. (The)

    45,000        182,525   

Toda Corp.

    81,000        427,124   

Toda Kogyo Corp.

    11,000        31,547   

Toei Animation Co., Ltd.

    1,800        90,479   

Toei Co., Ltd.

    28,000        226,295   

Toenec Corp.

    16,000        78,622   

Toho Bank, Ltd. (The)

    83,000        291,900   

Toho Co., Ltd.

    4,000        91,892   

Toho Holdings Co., Ltd.

    20,600        436,931   

Toho Zinc Co., Ltd.

    50,000        162,623   

Tohoku Bank, Ltd. (The)

    56,000        79,243   

Tohokushinsha Film Corp.

    4,800        31,343   

Tohto Suisan Co., Ltd.

    1,400        22,490   

Tokai Carbon Co., Ltd.

    68,000        184,825   

Tokai Corp.

    3,900        138,216   

TOKAI Holdings Corp. (d)

    23,700        152,069   

Tokai Lease Co., Ltd.

    16,000        30,490   

Tokai Rika Co., Ltd.

    8,800        172,431   

Tokai Tokyo Financial Holdings, Inc.

    20,300        98,383   

 

MSF-115


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Token Corp.

    2,960      $ 220,413   

Tokushu Tokai Paper Co., Ltd.

    3,900        138,814   

Tokuyama Corp. (b)

    106,000        445,222   

Tokyo Dome Corp.

    31,000        289,622   

Tokyo Electron Device, Ltd.

    2,400        35,964   

Tokyo Energy & Systems, Inc.

    10,000        104,372   

Tokyo Individualized Educational Institute, Inc.

    5,000        27,603   

Tokyo Keiki, Inc.

    21,000        34,555   

Tokyo Ohka Kogyo Co., Ltd.

    13,100        397,945   

Tokyo Rakutenchi Co., Ltd.

    17,000        81,331   

Tokyo Rope Manufacturing Co., Ltd.

    4,600        76,995   

Tokyo Sangyo Co., Ltd.

    12,000        46,695   

Tokyo Seimitsu Co., Ltd.

    13,800        368,204   

Tokyo Steel Manufacturing Co., Ltd.

    36,800        248,879   

Tokyo Tekko Co., Ltd.

    17,000        67,452   

Tokyo Theatres Co., Inc.

    42,000        48,527   

Tokyo TY Financial Group, Inc.

    9,724        272,432   

Tokyotokeiba Co., Ltd.

    31,000        61,751   

Tokyu Recreation Co., Ltd.

    6,000        47,075   

Toli Corp.

    20,000        62,523   

Tomato Bank, Ltd.

    5,500        80,004   

Tomen Devices Corp.

    1,500        27,591   

Tomoe Corp.

    12,500        41,070   

Tomoe Engineering Co., Ltd.

    2,100        32,240   

Tomoegawa Co., Ltd.

    12,000        24,055   

Tomoku Co., Ltd.

    31,000        87,102   

TOMONY Holdings, Inc.

    69,000        321,308   

Tomy Co., Ltd.

    22,400        235,920   

Tonami Holdings Co., Ltd.

    22,000        58,437   

Toppan Forms Co., Ltd.

    19,800        207,261   

Topre Corp.

    14,800        311,063   

Topy Industries, Ltd.

    9,100        187,111   

Toridoll.corp

    6,900        158,312   

Torigoe Co., Ltd. (The)

    9,200        67,388   

Torii Pharmaceutical Co., Ltd.

    3,600        77,931   

Torishima Pump Manufacturing Co., Ltd.

    9,700        101,215   

Tosei Corp.

    13,200        99,006   

Toshiba Machine Co., Ltd.

    42,000        143,895   

Toshiba Plant Systems & Services Corp.

    14,100        227,490   

Toshiba TEC Corp. (b)

    13,000        52,567   

Tosho Co., Ltd.

    2,400        106,165   

Tosho Printing Co., Ltd.

    14,000        63,509   

Totetsu Kogyo Co., Ltd.

    8,400        240,860   

Tottori Bank, Ltd. (The)

    3,700        60,045   

Toukei Computer Co., Ltd.

    1,400        26,690   

Tow Co., Ltd.

    3,600        22,988   

Towa Bank, Ltd. (The)

    115,000        101,223   

Towa Corp.

    8,000        101,495   

Towa Pharmaceutical Co., Ltd.

    2,800        113,644   

Toyo Construction Co., Ltd.

    25,499        110,647   

Toyo Corp.

    9,600        96,782   

Toyo Denki Seizo KK

    16,000        50,821   

Toyo Engineering Corp.

    38,000        123,097   

Toyo Ink SC Holdings Co., Ltd.

    76,000        340,678   

Toyo Kanetsu KK

    48,000        100,768   

Toyo Kohan Co., Ltd.

    16,000        44,820   

Toyo Machinery & Metal Co., Ltd.

    7,800        28,383   

Japan—(Continued)

  

Toyo Securities Co., Ltd.

    23,000      41,272   

Toyo Sugar Refining Co., Ltd.

    9,000        9,522   

Toyo Tanso Co., Ltd.

    5,300        69,040   

Toyo Tire & Rubber Co., Ltd.

    2,900        40,896   

Toyo Wharf & Warehouse Co., Ltd.

    25,000        40,162   

Toyobo Co., Ltd.

    332,000        557,019   

TPR Co., Ltd.

    7,300        205,264   

Trancom Co., Ltd.

    2,300        144,531   

Transcosmos, Inc.

    7,700        202,863   

Trusco Nakayama Corp.

    6,900        368,035   

Trust Tech, Inc.

    3,000        50,027   

TS Tech Co., Ltd.

    2,600        65,849   

TSI Holdings Co., Ltd.

    28,205        163,805   

Tsubakimoto Chain Co.

    47,000        363,877   

Tsubakimoto Kogyo Co., Ltd.

    8,000        22,276   

Tsudakoma Corp. (b)

    16,000        25,738   

Tsugami Corp.

    25,000        130,708   

Tsukada Global Holdings, Inc.

    7,200        50,198   

Tsukamoto Corp. Co., Ltd.

    21,000        22,247   

Tsukishima Kikai Co., Ltd.

    8,600        95,410   

Tsukuba Bank, Ltd.

    34,500        99,191   

Tsukui Corp.

    18,800        133,799   

Tsumura & Co.

    6,600        187,637   

Tsurumi Manufacturing Co., Ltd.

    6,100        95,094   

Tsutsumi Jewelry Co., Ltd.

    3,800        63,300   

TTK Co., Ltd.

    4,000        19,762   

TV Tokyo Holdings Corp.

    3,700        81,224   

TYK Corp.

    6,000        9,642   

Tyo, Inc.

    9,600        13,563   

U-Shin, Ltd.

    10,600        75,909   

UACJ Corp.

    110,850        333,772   

Ube Industries, Ltd.

    229,000        437,761   

Uchida Yoko Co., Ltd.

    21,000        86,378   

Ueki Corp.

    11,000        23,394   

UKC Holdings Corp.

    5,000        81,927   

Ulvac, Inc.

    13,900        413,260   

Uniden Holdings Corp. (b)

    25,000        37,873   

Union Tool Co.

    3,400        90,303   

Unipres Corp.

    13,900        245,414   

United Arrows, Ltd.

    6,000        145,900   

United Super Markets Holdings, Inc.

    22,300        220,331   

Unitika, Ltd. (b)

    156,000        89,614   

Universal Entertainment Corp. (b)

    7,500        223,062   

Unizo Holdings Co., Ltd.

    3,800        106,269   

Usen Corp.

    40,800        124,851   

Ushio, Inc.

    39,000        449,839   

UT Group Co., Ltd. (b)

    9,800        63,084   

Utoc Corp.

    5,100        16,445   

Valor Holdings Co., Ltd.

    11,800        332,886   

Village Vanguard Co., Ltd.

    2,300        28,521   

Vital KSK Holdings, Inc.

    14,200        150,351   

Vitec Holdings Co., Ltd.

    3,700        37,812   

VT Holdings Co., Ltd.

    24,300        129,171   

Wacoal Holdings Corp.

    29,000        326,933   

Wacom Co., Ltd.

    46,700        140,697   

Wakachiku Construction Co., Ltd.

    46,000        65,854   

Wakamoto Pharmaceutical Co., Ltd.

    9,000        20,689   

 

MSF-116


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Wakita & Co., Ltd.

    15,300      $ 115,885   

Warabeya Nichiyo Holdings Co., Ltd.

    5,000        104,578   

WATAMI Co., Ltd.

    7,600        83,609   

Weathernews, Inc.

    2,100        63,059   

Wellnet Corp.

    4,600        60,383   

West Holdings Corp.

    7,200        50,965   

Wood One Co., Ltd.

    19,000        44,724   

Wowow, Inc.

    2,200        60,487   

Xebio Holdings Co., Ltd.

    8,700        130,209   

Y. A. C. Co., Ltd.

    4,900        64,695   

Yachiyo Industry Co., Ltd.

    3,900        34,041   

Yahagi Construction Co., Ltd.

    10,900        98,512   

Yaizu Suisankagaku Industry Co., Ltd.

    4,400        44,361   

YAMABIKO Corp.

    12,800        114,894   

Yamagata Bank, Ltd. (The)

    52,000        219,229   

Yamaichi Electronics Co., Ltd.

    8,200        69,441   

Yamanashi Chuo Bank, Ltd. (The)

    71,000        306,037   

Yamatane Corp.

    3,400        44,990   

Yamato Corp.

    9,000        47,002   

Yamato International, Inc.

    6,700        26,210   

Yamato Kogyo Co., Ltd.

    1,800        53,342   

Yamaya Corp.

    1,150        17,159   

Yamazawa Co., Ltd.

    1,000        16,668   

Yamazen Corp.

    19,500        148,993   

Yaoko Co., Ltd.

    5,200        205,501   

Yashima Denki Co., Ltd.

    7,500        40,802   

Yasuda Logistics Corp.

    7,400        44,566   

Yellow Hat, Ltd.

    5,800        119,321   

Yodogawa Steel Works, Ltd.

    7,600        203,643   

Yokogawa Bridge Holdings Corp.

    12,800        143,035   

Yokohama Reito Co., Ltd. (d)

    18,600        197,521   

Yokowo Co., Ltd.

    7,900        49,720   

Yomeishu Seizo Co., Ltd.

    3,000        53,413   

Yomiuri Land Co., Ltd.

    13,000        61,497   

Yondenko Corp.

    8,000        31,270   

Yondoshi Holdings, Inc.

    4,600        106,770   

Yorozu Corp.

    7,900        115,940   

Yoshinoya Holdings Co., Ltd. (d)

    17,300        247,869   

Yuasa Funashoku Co., Ltd.

    13,000        36,036   

Yuasa Trading Co., Ltd.

    6,700        153,755   

Yuken Kogyo Co., Ltd.

    17,000        28,476   

Yuki Gosei Kogyo Co., Ltd.

    6,000        12,958   

Yumeshin Holdings Co., Ltd.

    10,100        77,424   

Yurtec Corp.

    17,000        93,842   

Yusen Logistics Co., Ltd.

    7,100        68,826   

Yushiro Chemical Industry Co., Ltd.

    3,700        52,388   

Yutaka Giken Co., Ltd.

    600        11,862   

Zappallas, Inc. (b)

    4,900        17,718   

Zenrin Co., Ltd.

    7,900        140,281   

Zensho Holdings Co., Ltd.

    31,700        565,929   

ZERIA Pharmaceutical Co., Ltd.

    9,200        155,899   

Zojirushi Corp.

    9,800        159,195   

Zuiko Corp.

    1,000        40,771   

Zuken, Inc.

    7,200        77,777   
   

 

 

 
      165,371,958   
   

 

 

 

Liechtenstein—0.0%

  

VP Bank AG

    358      37,832   
   

 

 

 

Luxembourg—0.0%

  

B&M European Value Retail S.A.

    2,609        8,623   

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

    60,320        22,253   

L’Occitane International S.A.

    53,500        106,711   
   

 

 

 
      137,587   
   

 

 

 

Macau—0.0%

  

Macau Legend Development, Ltd. (b)

    359,000        75,612   
   

 

 

 

Malta—0.1%

  

Unibet Group plc

    77,749        722,045   
   

 

 

 

Netherlands—2.3%

  

Aalberts Industries NV

    34,547        1,177,969   

Accell Group

    11,551        293,544   

AMG Advanced Metallurgical Group NV

    12,258        256,535   

Amsterdam Commodities NV

    6,535        162,580   

APERAM S.A.

    33,328        1,503,753   

Arcadis NV

    33,193        477,651   

ASM International NV

    19,662        804,198   

BE Semiconductor Industries NV

    23,461        801,189   

Beter Bed Holding NV

    5,373        120,172   

BinckBank NV

    28,201        160,837   

Boskalis Westminster

    18,250        649,485   

Brack Capital Properties NV

    442        39,957   

Brunel International NV

    10,850        189,833   

Corbion NV

    20,382        548,849   

Delta Lloyd NV

    179,865        825,783   

Euronext NV

    1,413        60,293   

Fugro NV (b)

    18,901        305,853   

Gemalto NV

    9,032        579,139   

Heijmans NV (b)

    14,562        131,908   

Hunter Douglas NV

    2,423        134,107   

IMCD Group NV

    712        31,269   

KAS Bank NV

    6,580        59,229   

Kendrion NV

    3,947        120,512   

Koninklijke BAM Groep NV

    119,230        552,758   

Koninklijke Vopak NV

    6,562        344,426   

Nederland Apparatenfabriek

    2,241        75,523   

Ordina NV (b)

    44,115        99,411   

PostNL NV (b)

    162,817        739,100   

QIAGEN NV (b)

    51,378        1,414,519   

SBM Offshore NV

    72,035        1,023,428   

Sligro Food Group NV

    10,629        394,281   

SNS REAAL NV (a) (b) (c)

    105,329        0   

STMicroelectronics NV

    37,151        303,236   

Telegraaf Media Groep NV

    13,542        52,779   

TKH Group NV

    13,932        544,403   

TomTom NV (b)

    51,405        492,052   

Van Lanschot NV

    45        910   

Wessanen

    35,515        456,009   
   

 

 

 
      15,927,480   
   

 

 

 

 

MSF-117


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

New Zealand—1.4%

  

a2 Milk Co., Ltd. (b)

    134,580      $ 179,792   

Abano Healthcare Group, Ltd.

    880        5,479   

Air New Zealand, Ltd.

    205,023        278,237   

Briscoe Group, Ltd.

    13,123        36,664   

Chorus, Ltd.

    118,473        337,971   

Contact Energy, Ltd.

    88,793        326,433   

Ebos Group, Ltd.

    40,837        561,790   

Fisher & Paykel Healthcare Corp., Ltd.

    222,816        1,627,799   

Freightways, Ltd.

    70,453        337,149   

Genesis Energy, Ltd.

    31,057        47,220   

Hallenstein Glasson Holdings, Ltd.

    19,012        42,246   

Heartland Bank, Ltd.

    72,313        79,542   

Hellaby Holdings, Ltd.

    13,986        33,818   

Infratil, Ltd.

    240,934        568,589   

Kathmandu Holdings, Ltd.

    23,984        35,494   

Mainfreight, Ltd.

    36,048        466,443   

Mercury NZ, Ltd.

    39,959        88,479   

Methven, Ltd.

    19,898        19,279   

Metlifecare, Ltd.

    34,148        155,562   

Metro Performance Glass, Ltd.

    8,816        13,763   

New Zealand Oil & Gas, Ltd. (b)

    131,264        53,560   

New Zealand Refining Co., Ltd. (The)

    27,432        49,005   

NZME, Ltd. (b)

    71,247        37,050   

NZX, Ltd.

    114,554        88,530   

Opus International Consultants, Ltd.

    4,000        2,477   

Pacific Edge, Ltd. (b)

    17,353        5,818   

PGG Wrightson, Ltd.

    58,545        22,683   

Port of Tauranga, Ltd.

    28,482        406,930   

Restaurant Brands New Zealand, Ltd.

    51,556        215,150   

Rubicon, Ltd. (b)

    9,922        1,515   

Ryman Healthcare, Ltd.

    78,785        552,762   

Sanford, Ltd.

    314        1,465   

Scales Corp., Ltd.

    7,570        17,830   

Skellerup Holdings, Ltd.

    29,759        29,668   

SKY Network Television, Ltd.

    114,579        410,881   

SKYCITY Entertainment Group, Ltd.

    276,301        923,556   

Summerset Group Holdings, Ltd.

    25,600        99,002   

TOWER, Ltd.

    59,836        40,397   

Trade Me Group, Ltd.

    117,080        479,456   

TrustPower, Ltd.

    13,980        78,464   

Vector, Ltd.

    138,110        331,884   

Warehouse Group, Ltd. (The)

    54,373        116,198   

Xero, Ltd. (b)

    18,888        266,853   

Z Energy, Ltd.

    18,298        111,980   
   

 

 

 
      9,584,863   
   

 

 

 

Norway—0.9%

  

ABG Sundal Collier Holding ASA

    112,462        71,601   

AF Gruppen ASA

    945        18,692   

Akastor ASA (b)

    13,919        14,861   

Aker ASA - A Shares

    3,036        104,429   

Aker Solutions ASA (b)

    16,210        76,042   

American Shipping Co. ASA (b)

    12,027        38,061   

Atea ASA (b)

    22,644        229,947   

Austevoll Seafood ASA

    29,238        246,279   

Biotec Pharmacon ASA (b)

    10,494        16,670   

Norway—(Continued)

  

Bonheur ASA

    10,311      62,219   

Borregaard ASA

    10,433        93,884   

BW LPG, Ltd.

    6,290        18,001   

BW Offshore, Ltd. (b)

    1,465,525        62,598   

Deep Sea Supply plc (b)

    40,102        7,145   

Det Norske Oljeselskap ASA (b)

    34,725        553,438   

DNO ASA (b)

    109,545        111,475   

Ekornes ASA

    11,636        149,392   

Farstad Shipping ASA (b)

    6,040        5,452   

Fred Olsen Energy ASA (b)

    4,442        6,203   

Frontline, Ltd. (d)

    7,321        52,720   

Grieg Seafood ASA

    11,731        93,848   

Hexagon Composites ASA (b)

    24,991        90,101   

Hoegh LNG Holdings, Ltd.

    13,626        145,719   

Kongsberg Automotive ASA (b)

    185,093        151,638   

Kvaerner ASA

    92,750        112,575   

Nordic Semiconductor ASA (b)

    44,887        219,718   

Norske Skogindustrier ASA (b)

    121,097        44,448   

Norwegian Air Shuttle ASA (b) (d)

    8,166        299,037   

Ocean Yield ASA

    3,896        32,124   

Odfjell SE - A Shares (b)

    1,949        6,631   

Opera Software ASA (b)

    21,316        147,979   

Petroleum Geo-Services ASA (b) (d)

    55,241        121,883   

PhotoCure ASA (b)

    5,477        27,355   

ProSafe SE (b)

    76,897        4,924   

Protector Forsikring ASA

    6,585        62,743   

Q-Free ASA (b)

    24,256        24,570   

REC Silicon ASA (b) (d)

    643,607        90,062   

Salmar ASA

    4,638        141,838   

Scatec Solar ASA

    670        2,603   

Sevan Marine ASA (b)

    16,466        37,820   

Solstad Offshore ASA (b)

    5,178        10,070   

Songa Offshore (b)

    318,078        7,975   

SpareBank 1 SMN

    40,946        285,622   

SpareBank 1 SR Bank ASA

    4,926        28,108   

Stolt-Nielsen, Ltd.

    5,818        75,779   

TGS Nopec Geophysical Co. ASA

    9,581        173,122   

Tomra Systems ASA

    37,589        436,758   

Treasure ASA (b)

    21,003        46,549   

Veidekke ASA

    52,136        802,444   

Wilh Wilhelmsen ASA

    21,003        63,166   

Wilh Wilhelmsen Holding ASA - Class A

    4,777        101,233   

XXL ASA

    2,285        31,363   
   

 

 

 
      5,858,914   
   

 

 

 

Philippines—0.0%

  

Del Monte Pacific, Ltd.

    77,636        20,025   
   

 

 

 

Portugal—0.3%

  

Altri SGPS S.A.

    41,235        144,060   

Banco BPI S.A. (b)

    181,563        230,473   

Banco Comercial Portugues S.A. - Class R (b) (d)

    10,046,492        173,405   

Banco Espirito Santo S.A. (a) (b) (c)

    89,078        0   

CTT-Correios de Portugal S.A.

    5,621        37,855   

Mota-Engil SGPS S.A.

    40,942        78,601   

Navigator Co. S.A. (The)

    131,380        377,602   

 

MSF-118


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Portugal—(Continued)

  

NOS SGPS S.A.

    73,113      $ 497,470   

Novabase SGPS S.A.

    7,827        17,497   

REN - Redes Energeticas Nacionais SGPS S.A.

    94,602        276,624   

Semapa-Sociedade de Investimento e Gestao

    873        11,170   

Sonae SGPS S.A.

    280,308        214,121   

Teixeira Duarte S.A.

    59,382        13,341   
   

 

 

 
      2,072,219   
   

 

 

 

Singapore—1.1%

  

Abterra, Ltd. (b)

    51,720        13,274   

Ascendas India Trust

    16,900        13,379   

ASL Marine Holdings, Ltd.

    105,000        12,993   

Ausgroup, Ltd. (b)

    143,000        5,524   

Baker Technology, Ltd.

    33,200        14,170   

Banyan Tree Holdings, Ltd. (b)

    155,000        46,033   

Bonvests Holdings, Ltd.

    18,000        16,251   

Boustead Projects, Ltd. (b)

    24,607        12,593   

Boustead Singapore, Ltd.

    82,025        48,466   

Breadtalk Group, Ltd.

    37,000        27,270   

Broadway Industrial Group, Ltd. (b)

    156,399        24,733   

Bukit Sembawang Estates, Ltd.

    72,000        236,290   

Centurion Corp., Ltd.

    38,000        9,614   

China Aviation Oil Singapore Corp., Ltd.

    132,600        130,729   

Chip Eng Seng Corp., Ltd.

    157,000        73,145   

Chuan Hup Holdings, Ltd.

    125,000        23,341   

Cordlife Group, Ltd.

    39,000        34,492   

Cosco Corp. Singapore, Ltd. (b)

    477,000        92,625   

Creative Technology, Ltd. (b)

    22,600        15,957   

CSE Global, Ltd.

    197,000        59,754   

CW Group Holdings, Ltd.

    106,000        23,946   

CWT, Ltd.

    81,000        118,923   

Delfi, Ltd.

    66,000        101,000   

DMX Technologies Group, Ltd. (a) (b) (c)

    186,000        11,150   

Dyna-Mac Holdings, Ltd. (b)

    98,000        7,664   

Elec & Eltek International Co., Ltd.

    23,000        20,125   

Ezion Holdings, Ltd. (b)

    516,229        105,963   

Ezra Holdings, Ltd. (b)

    1,000,703        42,639   

Far East Orchard, Ltd.

    74,044        82,764   

First Resources, Ltd.

    86,700        116,753   

First Sponsor Group, Ltd.

    8,628        8,252   

FJ Benjamin Holdings, Ltd. (b)

    106,000        3,771   

Food Empire Holdings, Ltd. (b)

    54,000        11,906   

Fragrance Group, Ltd. (b)

    752,800        89,653   

Frasers Centrepoint, Ltd.

    17,300        18,885   

Gallant Venture, Ltd. (b)

    126,000        11,548   

Geo Energy Resources, Ltd. (b)

    155,000        15,784   

GK Goh Holdings, Ltd.

    12,000        7,502   

GL, Ltd.

    188,000        107,777   

Global Premium Hotels, Ltd. (b)

    73,200        15,636   

GMG Global, Ltd. (b)

    202,200        73,518   

Golden Agri-Resources, Ltd.

    407,000        106,617   

Golden Energy & Resources, Ltd. (a) (b) (c)

    8,539        939   

GuocoLand, Ltd.

    28,000        41,044   

Hanwell Holdings, Ltd. (b)

    19,000        3,135   

Haw Par Corp., Ltd.

    10,300        68,222   

Hi-P International, Ltd.

    99,500        34,030   

Singapore—(Continued)

  

Hiap Hoe, Ltd.

    58,000      29,844   

Ho Bee Land, Ltd.

    87,000        138,024   

Hong Fok Corp., Ltd.

    146,740        72,149   

Hong Leong Asia, Ltd.

    41,000        21,397   

Hotel Grand Central, Ltd.

    1,000        997   

Hour Glass, Ltd. (The)

    129,000        62,740   

Hwa Hong Corp., Ltd.

    138,000        29,081   

Hyflux, Ltd.

    179,500        62,644   

Indofood Agri Resources, Ltd.

    152,000        50,319   

Innovalues, Ltd.

    64,000        40,205   

k1 Ventures, Ltd.

    80,800        58,109   

Keppel Infrastructure Trust

    549,659        204,034   

Keppel Telecommunications & Transportation, Ltd.

    44,000        59,781   

Koh Brothers Group, Ltd.

    97,000        20,628   

Lian Beng Group, Ltd.

    157,000        55,306   

Low Keng Huat Singapore, Ltd.

    122,600        48,604   

Lum Chang Holdings, Ltd.

    115,000        30,419   

M1, Ltd.

    75,600        133,424   

Marco Polo Marine, Ltd. (b)

    51,000        2,169   

Metro Holdings, Ltd.

    141,600        95,698   

Mewah International, Inc.

    110,000        21,051   

Midas Holdings, Ltd.

    452,000        76,426   

Nam Cheong, Ltd. (b)

    321,000        12,380   

NSL, Ltd.

    15,000        15,492   

Olam International, Ltd.

    45,700        69,189   

Overseas Union Enterprise, Ltd.

    174,000        223,210   

Oxley Holdings, Ltd.

    155,000        47,930   

Pan-United Corp., Ltd.

    43,000        19,092   

Penguin International, Ltd.

    64,333        10,103   

QAF, Ltd.

    86,667        77,021   

Raffles Education Corp., Ltd.

    384,774        50,756   

Raffles Medical Group, Ltd.

    147,006        165,160   

RHT Health Trust

    53,500        40,969   

Rickmers Maritime (b)

    110,000        3,227   

Riverstone Holdings, Ltd.

    40,000        26,484   

Rotary Engineering, Ltd.

    85,000        23,758   

Roxy-Pacific Holdings, Ltd.

    85,750        26,882   

SATS, Ltd.

    100,500        366,958   

SBS Transit, Ltd.

    40,500        69,086   

Sembcorp Industries, Ltd.

    26,600        50,944   

Sembcorp Marine, Ltd.

    39,300        37,998   

Sheng Siong Group, Ltd.

    133,900        104,229   

SHS Holdings, Ltd.

    47,000        6,488   

SIIC Environment Holdings, Ltd. (b)

    136,000        61,924   

Sim Lian Group, Ltd.

    121,500        96,845   

Sinarmas Land, Ltd.

    694,000        250,035   

Sing Holdings, Ltd.

    82,000        18,941   

Singapore Post, Ltd.

    239,600        256,423   

Singapore Reinsurance Corp., Ltd.

    1,000        220   

Sino Grandness Food Industry Group, Ltd.

    137,000        44,015   

SMRT Corp., Ltd.

    175,000        215,820   

Stamford Land Corp., Ltd.

    278,000        94,766   

Sunningdale Tech, Ltd.

    60,600        46,679   

Super Group, Ltd.

    143,000        83,646   

Swiber Holdings, Ltd. (a) (b) (c)

    117,749        9,412   

Tuan Sing Holdings, Ltd.

    169,000        36,727   

UMS Holdings, Ltd.

    93,000        42,010   

 

MSF-119


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

  

United Engineers, Ltd.

    138,000      $ 250,114   

United Industrial Corp., Ltd.

    13,600        27,128   

United Overseas Insurance, Ltd. (c)

    4,000        13,669   

UOB-Kay Hian Holdings, Ltd.

    131,440        126,359   

UOL Group, Ltd.

    34,300        141,762   

UPP Holdings, Ltd.

    46,000        6,394   

Vard Holdings, Ltd. (b)

    203,000        23,028   

Venture Corp., Ltd.

    97,000        642,886   

Vibrant Group, Ltd.

    47,600        12,031   

Vicom, Ltd.

    2,000        8,363   

Wee Hur Holdings, Ltd.

    85,000        14,990   

Wheelock Properties Singapore, Ltd.

    58,000        63,308   

Wing Tai Holdings, Ltd.

    159,621        198,321   

Yeo Hiap Seng, Ltd.

    19,712        18,825   

YHI International, Ltd.

    39,000        9,152   

Yongnam Holdings, Ltd. (b)

    241,875        35,400   
   

 

 

 
      7,769,377   
   

 

 

 

Spain—2.1%

  

Acciona S.A.

    7,188        543,181   

Acerinox S.A.

    70,013        926,093   

Adveo Group International S.A.

    6,292        23,537   

Almirall S.A.

    20,336        312,348   

Amper S.A. (b)

    12,087        1,792   

Atresmedia Corp. de Medios de Comunicacion S.A.

    21,362        234,211   

Azkoyen S.A.

    1,608        8,861   

Baron de Ley (b)

    1,139        132,812   

Bolsas y Mercados Espanoles S.A.

    27,936        829,894   

Caja de Ahorros del Mediterraneo (a) (b) (c)

    14,621        0   

Cementos Portland Valderrivas S.A. (b)

    4,058        28,172   

Cie Automotive S.A.

    17,266        339,813   

Construcciones y Auxiliar de Ferrocarriles S.A.

    588        236,337   

Distribuidora Internacional de Alimentacion S.A.

    184,598        1,142,805   

Duro Felguera S.A.

    27,756        37,104   

Ebro Foods S.A.

    25,801        599,959   

Elecnor S.A.

    11,262        104,245   

Ence Energia y Celulosa S.A

    61,968        135,047   

Ercros S.A. (b)

    60,314        121,957   

Faes Farma S.A.

    168,810        651,388   

Fluidra S.A.

    12,850        64,092   

Gamesa Corp. Tecnologica S.A.

    69,346        1,660,434   

Grupo Catalana Occidente S.A.

    21,149        628,392   

Grupo Ezentis S.A. (b)

    39,717        25,431   

Iberpapel Gestion S.A.

    600        13,338   

Indra Sistemas S.A. (b)

    39,802        533,632   

Inmobiliaria Colonial S.A.

    25,688        186,840   

Laboratorios Farmaceuticos Rovi S.A.

    6,104        88,787   

Liberbank S.A. (b)

    9,453        7,912   

Mediaset Espana Comunicacion S.A.

    49,361        584,994   

Melia Hotels International S.A.

    21,300        265,593   

Miquel y Costas & Miquel S.A.

    4,480        192,812   

NH Hotel Group S.A. (b)

    69,951        319,032   

Nmas1 Dinamia S.A.

    3,678        33,575   

Obrascon Huarte Lain S.A. (d)

    35,775        143,511   

Papeles y Cartones de Europa S.A.

    20,612        110,910   

Spain—(Continued)

  

Pescanova S.A. (a) (b) (c)

    7,446      0   

Pharma Mar S.A. (b)

    72,263        229,730   

Prim S.A.

    3,013        28,065   

Promotora de Informaciones S.A. - Class A (b)

    13,933        89,284   

Prosegur Cia de Seguridad S.A.

    54,905        383,634   

Quabit Inmobiliaria S.A. (b)

    8,932        15,954   

Realia Business S.A. (b)

    112,366        122,451   

Sacyr S.A.

    107,800        227,420   

Solaria Energia y Medio Ambiente S.A. (b)

    19,439        16,484   

Tecnicas Reunidas S.A.

    11,115        433,203   

Tecnocom Telecomunicaciones y Energia S.A.

    13,592        52,295   

Tubacex S.A.

    28,250        83,720   

Tubos Reunidos S.A. (b)

    21,752        18,448   

Urbas Grupo Financiero S.A. (b)

    887,506        10,967   

Vidrala S.A.

    7,952        465,405   

Viscofan S.A.

    14,797        800,560   

Vocento S.A. (b)

    10,923        15,193   

Zardoya Otis S.A.

    9,760        93,851   
   

 

 

 
      14,355,505   
   

 

 

 

Sweden—3.4%

  

AAK AB

    11,380        840,058   

Acando AB

    32,705        84,224   

AddLife AB (b)

    8,096        129,052   

AddNode Group AB

    1,849        13,143   

AddTech AB - B Shares

    25,912        405,498   

AF AB - B Shares

    24,002        467,015   

Arise AB (b)

    4,852        10,673   

Atrium Ljungberg AB - B Shares

    5,167        90,104   

Avanza Bank Holding AB

    7,660        302,476   

Axactor AB (b)

    49,626        15,493   

B&B Tools AB - B Shares

    12,796        285,494   

BE Group AB (b)

    1,962        9,323   

Beijer Alma AB

    9,404        232,323   

Beijer Electronics AB

    5,229        28,290   

Beijer Ref AB

    6,405        161,574   

Betsson AB (b)

    27,465        303,441   

Bilia AB - A Shares

    18,736        461,575   

BillerudKorsnas AB

    55,214        976,310   

BioGaia AB - B Shares

    5,094        148,436   

Biotage AB

    15,339        71,621   

Bjorn Borg AB (b)

    9,936        48,297   

Bonava AB - B Shares (b)

    684        8,623   

Bulten AB

    2,144        24,359   

Bure Equity AB

    17,448        204,786   

Byggmax Group AB

    18,326        138,221   

Castellum AB

    73,943        1,107,098   

Clas Ohlson AB - B Shares

    16,271        253,091   

Cloetta AB - B Shares

    92,493        335,307   

Concentric AB

    21,708        292,080   

Concordia Maritime AB - B Shares

    4,217        7,514   

Dios Fastigheter AB

    17,696        133,480   

Doro AB (b)

    3,391        24,894   

Duni AB

    15,028        228,581   

East Capital Explorer AB

    7,088        47,508   

Elekta AB - B Shares

    9,189        88,957   

 

MSF-120


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

  

Eniro AB (b) (d)

    223,372      $ 9,893   

Fabege AB

    48,889        890,875   

Fagerhult AB

    6,390        170,870   

Fastighets AB Balder - B Shares (b)

    323        8,578   

Gunnebo AB

    12,816        59,146   

Haldex AB

    17,698        248,516   

Hemfosa Fastigheter AB

    14,975        162,250   

HIQ International AB (b)

    23,043        163,788   

HMS Networks AB

    709        22,850   

Hoist Finance AB

    2,616        25,157   

Holmen AB - B Shares

    15,352        546,556   

Hufvudstaden AB - A Shares

    15,492        268,196   

Indutrade AB

    26,721        573,189   

Intrum Justitia AB

    21,993        709,005   

Inwido AB

    3,779        51,075   

JM AB

    23,748        648,428   

KappAhl AB

    29,980        152,607   

Karolinska Development AB - Class B (b)

    7,514        6,212   

Klovern AB - B Shares

    114,185        141,949   

Know It AB

    9,489        88,488   

Kungsleden AB

    47,047        343,942   

Lagercrantz Group AB - B Shares

    24,681        242,941   

Lindab International AB

    21,316        209,243   

Loomis AB - Class B

    25,196        777,914   

Medivir AB - B Shares (b)

    10,470        85,086   

Mekonomen AB

    9,225        179,579   

Modern Times Group MTG AB - B Shares

    9,830        251,604   

MQ Holding AB

    9,112        35,983   

Mycronic AB

    38,874        484,923   

NCC AB - B Shares

    9,031        236,478   

Nederman Holding AB

    932        22,486   

Net Insight AB - Class B (b)

    143,837        118,062   

NetEnt AB (b)

    45,991        420,504   

New Wave Group AB - B Shares

    15,773        93,257   

Nibe Industrier AB - B Shares

    60,765        540,470   

Nobia AB

    43,387        411,669   

Nolato AB - B Shares

    9,452        289,660   

Nordnet AB - B Shares

    33,249        109,202   

OEM International AB - B Shares

    498        8,548   

Peab AB

    53,219        458,678   

Pricer AB - B Shares

    32,212        35,282   

Proact IT Group AB

    4,203        69,561   

Ratos AB - B Shares

    40,725        193,275   

Recipharm AB - B Shares

    2,485        40,553   

Rezidor Hotel Group AB

    37,700        163,764   

Saab AB - Class B

    17,125        609,297   

Sagax AB - Class B

    14,540        154,605   

SAS AB (b)

    41,924        83,522   

Scandi Standard AB

    3,533        26,227   

Sectra AB - B Shares

    4,644        77,952   

Semcon AB

    5,540        30,331   

SkiStar AB

    9,076        146,502   

SSAB AB (Helsinki Exchange) - A Shares (b)

    27,650        80,640   

SSAB AB (Helsinki Exchange) - B Shares (b)

    156,539        381,557   

SSAB AB (Stockholm Exchange) - A Shares (b)

    54,482        158,590   

SSAB AB (Stockholm Exchange) - B Shares (b)

    112,731        274,623   

Sweco AB - B Shares

    29,847        614,816   

Sweden—(Continued)

  

Systemair AB

    4,286      59,328   

Thule Group AB

    1,584        27,036   

Transcom Worldwide AB

    1,837        13,329   

Victoria Park AB - B Shares

    4,080        11,634   

Vitrolife AB

    4,321        274,015   

Wallenstam AB - B Shares

    64,604        544,877   

Wihlborgs Fastigheter AB

    28,117        597,785   
   

 

 

 
      22,915,877   
   

 

 

 

Switzerland—5.3%

  

AFG Arbonia-Forster Holding AG (b)

    10,560        164,460   

Allreal Holding AG (b)

    3,866        586,848   

APG SGA S.A.

    494        209,626   

Aryzta AG (b)

    1,533        68,026   

Ascom Holding AG

    14,174        255,322   

Autoneum Holding AG

    1,585        445,399   

Bachem Holding AG - Class B

    1,074        101,043   

Baloise Holding AG

    10,261        1,241,037   

Bank Coop AG

    2,772        118,819   

Banque Cantonale de Geneve

    375        114,270   

Banque Cantonale Vaudoise

    739        484,306   

Basler Kantonalbank

    130        9,059   

Belimo Holding AG

    215        708,704   

Bell AG

    560        245,237   

Bellevue Group AG

    3,322        49,283   

Berner Kantonalbank AG

    1,950        371,333   

BFW Liegenschaften AG (b)

    528        21,395   

BKW AG

    4,798        230,099   

Bobst Group S.A.

    5,636        314,367   

Bossard Holding AG - Class A (b)

    2,245        295,559   

Bucher Industries AG

    2,741        685,911   

Burckhardt Compression Holding AG

    1,211        343,106   

Burkhalter Holding AG

    1,441        194,499   

Calida Holding AG (b)

    2,002        65,840   

Carlo Gavazzi Holding AG

    48        11,759   

Cembra Money Bank AG (b)

    1,885        147,708   

Cham Paper Holding AG (b)

    113        37,822   

Charles Voegele Holding AG (b)

    4,263        27,893   

Cicor Technologies (b)

    644        16,572   

Cie Financiere Tradition S.A.

    557        43,833   

Clariant AG (b)

    41,461        712,789   

Coltene Holding AG

    1,326        95,618   

Conzzeta AG

    292        201,379   

Daetwyler Holding AG

    3,063        441,400   

DKSH Holding AG

    745        54,753   

dorma+kaba Holding AG - Class B (b)

    1,194        883,671   

Edmond de Rothschild Suisse S.A.

    3        41,730   

EFG International AG (b)

    20,307        99,534   

Emmi AG (b)

    1,190        813,953   

Energiedienst Holding AG

    3,017        75,137   

Feintool International Holding AG (b)

    684        81,672   

Fenix Outdoor International AG

    384        27,295   

FIH Mobile, Ltd.

    110,000        36,319   

Flughafen Zuerich AG

    7,945        1,550,932   

Forbo Holding AG (b)

    549        738,028   

GAM Holding AG (b)

    68,723        655,032   

 

MSF-121


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

  

Gategroup Holding AG (b)

    10,889      $ 591,195   

Georg Fischer AG

    1,469        1,285,437   

Gurit Holding AG (b)

    292        266,001   

Helvetia Holding AG

    2,402        1,210,890   

Hiag Immobilien Holding AG (b)

    134        14,425   

Highlight Communications AG (b)

    7,829        46,073   

HOCHDORF Holding AG (b)

    117        31,734   

Huber & Suhner AG

    5,559        370,791   

Implenia AG

    7,306        516,591   

Inficon Holding AG (b)

    688        263,312   

Interroll Holding AG

    253        282,037   

Intershop Holding AG

    441        226,969   

Jungfraubahn Holding AG

    85        8,317   

Kardex AG (b)

    2,548        244,888   

Komax Holding AG

    1,399        342,586   

Kudelski S.A. (b)

    13,221        246,320   

LEM Holding S.A.

    279        315,899   

Liechtensteinische Landesbank AG

    2,973        119,348   

Logitech International S.A.

    59,506        1,335,015   

Luzerner Kantonalbank AG (b)

    1,489        613,118   

MCH Group AG

    831        58,294   

Metall Zug AG - B Shares

    66        214,821   

Meyer Burger Technology AG (b)

    24,493        83,463   

Mikron Holding AG (b)

    474        3,215   

Mobilezone Holding AG

    10,014        146,886   

Mobimo Holding AG (b)

    3,098        788,433   

OC Oerlikon Corp. AG (b)

    74,629        745,138   

Orascom Development Holding AG (b)

    5,250        33,309   

Orell Fuessli Holding AG

    428        54,640   

Oriflame Holding AG (b)

    4,387        160,879   

Orior AG (b)

    2,240        189,760   

Panalpina Welttransport Holding AG

    2,641        368,389   

Phoenix Mecano AG

    337        174,826   

Plazza AG - Class A

    292        70,633   

PSP Swiss Property AG

    9,560        911,178   

Rieter Holding AG (b)

    1,437        291,837   

Romande Energie Holding S.A.

    111        133,542   

Schaffner Holding AG (b)

    238        58,796   

Schmolz & Bickenbach AG (b)

    161,565        109,761   

Schweiter Technologies AG

    381        441,199   

Siegfried Holding AG (b)

    1,665        363,894   

St. Galler Kantonalbank AG

    1,175        459,725   

Straumann Holding AG

    3,005        1,174,626   

Sulzer AG

    2,848        297,422   

Swiss Prime Site AG (b)

    7,387        647,836   

Swissquote Group Holding S.A. (b)

    3,968        112,434   

Tamedia AG

    904        148,883   

Tecan Group AG

    2,995        525,320   

Temenos Group AG (b)

    22,137        1,394,528   

U-Blox Holding AG (b)

    2,430        524,079   

Valiant Holding AG

    5,102        468,919   

Valora Holding AG

    1,316        375,226   

Vaudoise Assurances Holding S.A.

    501        253,723   

Vetropack Holding AG

    88        146,017   

Von Roll Holding AG (b)

    7,038        4,857   

Vontobel Holding AG

    9,780        486,232   

VZ Holding AG

    86        24,082   

Switzerland—(Continued)

  

Walliser Kantonalbank

    1,160      91,240   

Walter Meier AG

    872        31,505   

Warteck Invest AG

    15        28,694   

Ypsomed Holding AG (b)

    1,609        329,433   

Zehnder Group AG (b)

    4,642        206,418   

Zug Estates Holding AG - B Shares (b)

    83        144,118   

Zuger Kantonalbank AG

    68        346,230   
   

 

 

 
      36,073,763   
   

 

 

 

United Arab Emirates—0.0%

  

Lamprell plc (b)

    100,553        90,011   
   

 

 

 

United Kingdom—15.7%

  

4imprint Group plc

    6,953        157,926   

888 Holdings plc

    43,367        124,566   

A.G.Barr plc

    43,047        286,526   

AA plc

    16,440        63,010   

Aberdeen Asset Management plc

    24,859        104,930   

Acacia Mining plc

    56,954        366,838   

Acal plc

    17,866        63,537   

Afren plc (a) (b) (c)

    251,096        0   

Aggreko plc

    26,887        332,327   

Air Partner plc

    992        6,249   

Amec Foster Wheeler plc

    99,456        740,656   

Anglo Pacific Group plc

    35,633        50,972   

Anglo-Eastern Plantations plc

    4,252        27,091   

Arrow Global Group plc

    27,741        106,026   

Ashmore Group plc

    105,606        483,379   

Atrium European Real Estate, Ltd.

    114,274        509,557   

Auto Trader Group plc

    132,873        698,365   

AVEVA Group plc

    4,501        116,570   

Avon Rubber plc

    10,973        143,702   

Balfour Beatty plc (b)

    272,534        986,966   

BBA Aviation plc

    419,362        1,358,508   

Beazley plc

    227,019        1,140,390   

Bellway plc

    55,252        1,699,581   

Berendsen plc

    63,707        1,027,993   

BGEO Group plc

    6,261        236,048   

Bioquell plc (b)

    2,500        4,261   

Bloomsbury Publishing plc

    25,349        50,598   

Bodycote plc

    101,186        770,135   

Booker Group plc

    440,978        1,017,401   

Bovis Homes Group plc

    60,601        687,295   

Braemar Shipping Services plc

    7,120        31,816   

Brammer plc

    36,027        56,098   

Brewin Dolphin Holdings plc

    136,293        466,019   

Britvic plc

    71,540        559,141   

BTG plc (b)

    51,257        421,209   

Cairn Energy plc (b)

    234,247        570,804   

Cape plc

    51,292        138,781   

Capital & Counties Properties plc

    46,906        175,096   

Carclo plc

    16,990        29,435   

Carillion plc

    169,977        546,710   

Carr’s Group plc

    15,540        28,559   

Castings plc

    1,484        8,336   

Centamin plc

    342,133        656,342   

 

MSF-122


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Centaur Media plc

    92,526      $ 51,569   

Chemring Group plc (b)

    123,138        224,644   

Chesnara plc

    56,561        242,295   

Cineworld Group plc

    70,599        529,754   

Clarkson plc

    4,101        111,264   

Close Brothers Group plc

    58,401        1,036,080   

CLS Holdings plc (b)

    1,447        29,421   

Cobham plc

    545,934        1,187,884   

Communisis plc

    57,478        27,379   

Computacenter plc

    33,426        307,632   

Connect Group plc

    113,354        222,232   

Consort Medical plc

    23,287        326,607   

Costain Group plc

    21,151        98,723   

Countrywide plc

    2,910        8,174   

Cranswick plc

    22,242        674,078   

Crest Nicholson Holdings plc

    18,352        107,299   

Creston plc

    5,272        6,696   

Daejan Holdings plc

    670        48,519   

Daily Mail & General Trust plc - Class A

    83,431        805,095   

Dairy Crest Group plc

    61,577        517,188   

De La Rue plc

    29,428        226,659   

Debenhams plc

    426,182        307,862   

Dechra Pharmaceuticals plc

    29,807        538,176   

Devro plc

    61,396        189,198   

Dialight plc (b)

    3,360        30,442   

Dignity plc

    22,395        813,399   

Diploma plc

    38,305        436,415   

Domino’s Pizza Group plc

    147,744        714,814   

Drax Group plc

    137,597        544,669   

DS Smith plc

    336,909        1,678,178   

Dunelm Group plc

    12,749        140,726   

E2V Technologies plc

    74,152        230,429   

Electrocomponents plc

    174,930        769,670   

Elementis plc

    171,004        482,968   

EnQuest plc (b)

    429,925        149,376   

Enterprise Inns plc (b)

    256,620        309,335   

Essentra plc

    78,989        497,474   

Euromoney Institutional Investor plc

    14,736        211,820   

Evraz plc (b)

    60,200        125,459   

Fenner plc

    78,996        204,774   

Ferrexpo plc (b)

    36,701        35,296   

Fidessa Group plc

    14,501        452,164   

Findel plc (b)

    17,439        48,582   

Firstgroup plc (b)

    412,049        564,131   

Foxtons Group plc

    51,116        66,532   

Fuller Smith & Turner plc - Class A

    7,667        104,182   

G4S plc

    27,804        82,095   

Galliford Try plc

    39,495        678,629   

Gem Diamonds, Ltd.

    35,552        56,835   

Genus plc

    26,031        657,226   

Go-Ahead Group plc

    12,021        316,026   

Grainger plc

    49,592        148,074   

Greene King plc

    121,167        1,217,257   

Greggs plc

    41,552        546,116   

Halfords Group plc

    99,977        454,325   

Halma plc

    135,194        1,838,180   

Hansard Global plc

    2,566        3,743   

United Kingdom—(Continued)

  

Hays plc

    439,356      739,269   

Headlam Group plc

    56,817        363,767   

Helical plc

    63,391        221,879   

Henderson Group plc

    414,124        1,245,298   

Henry Boot plc

    1,476        3,769   

Hill & Smith Holdings plc

    46,114        677,799   

Hilton Food Group plc

    1,888        15,098   

Hiscox, Ltd.

    106,215        1,434,527   

Hochschild Mining plc

    74,658        279,784   

Hogg Robinson Group plc

    72,262        68,882   

HomeServe plc

    112,845        840,664   

Howden Joinery Group plc

    194,200        1,086,761   

Hunting plc

    52,837        314,082   

Huntsworth plc

    31,310        17,451   

ICAP plc

    200,242        1,209,732   

IG Group Holdings plc

    127,101        1,434,902   

Imagination Technologies Group plc (b)

    46,403        148,439   

IMI plc

    16,795        233,494   

Inchcape plc

    161,511        1,378,520   

Indivior plc

    125,255        498,056   

Informa plc

    48,781        450,659   

Intermediate Capital Group plc

    26,473        202,446   

International Personal Finance plc

    79,366        267,462   

Interserve plc

    69,361        330,840   

IP Group plc (b)

    139,902        304,770   

ITE Group plc

    58,016        122,196   

J Sainsbury plc

    127,854        407,081   

James Fisher & Sons plc

    20,005        422,217   

Jardine Lloyd Thompson Group plc

    46,166        605,561   

JD Sports Fashion plc

    33,766        644,890   

JD Wetherspoon plc

    38,521        470,082   

John Menzies plc

    14,551        109,986   

John Wood Group plc

    122,821        1,209,593   

Jupiter Fund Management plc

    111,316        613,776   

KAZ Minerals plc (b)

    44,157        126,682   

Kcom Group plc

    240,465        361,393   

Keller Group plc

    25,571        291,399   

Kier Group plc

    26,579        453,007   

Ladbrokes plc

    312,983        567,942   

Laird plc

    150,399        617,411   

Lancashire Holdings, Ltd.

    67,933        589,823   

Laura Ashley Holdings plc

    25,157        7,011   

Lavendon Group plc

    44,306        77,527   

Lonmin plc (b)

    12,029        31,211   

Lookers plc

    131,372        194,968   

Low & Bonar plc

    37,972        30,536   

LSL Property Services plc

    11,741        32,491   

Man Group plc

    598,620        873,664   

Marshalls plc

    63,336        234,129   

Marston’s plc

    328,476        623,977   

McBride plc (b)

    87,417        212,549   

McColl’s Retail Group plc

    6,996        15,710   

Mears Group plc

    41,542        247,377   

Meggitt plc

    11,991        70,104   

Melrose Industries plc

    718,835        1,626,848   

Micro Focus International plc

    55,820        1,590,276   

Millennium & Copthorne Hotels plc

    72,551        409,061   

 

MSF-123


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Mitchells & Butlers plc

    67,625      $ 240,868   

Mitie Group plc

    137,149        341,340   

Moneysupermarket.com Group plc

    143,669        559,554   

Morgan Advanced Materials plc

    113,848        428,149   

Morgan Sindall Group plc

    17,569        168,427   

Mothercare plc (b)

    51,119        78,449   

N Brown Group plc

    73,957        182,251   

National Express Group plc

    225,819        1,007,749   

NCC Group plc

    76,130        345,958   

New World Resources plc - A Shares (a) (b) (c)

    11,898        26   

Northgate plc

    48,315        270,550   

Novae Group plc

    22,502        223,417   

OneSavings Bank plc

    6,910        22,722   

Ophir Energy plc (b)

    122,457        122,328   

Oxford Instruments plc

    13,946        114,620   

Pagegroup plc

    84,971        370,944   

PayPoint plc

    19,490        260,727   

Pendragon plc

    345,188        134,225   

Pennon Group plc

    139,688        1,613,537   

Petra Diamonds, Ltd.

    172,115        289,576   

Petrofac, Ltd.

    30,916        357,240   

Petropavlovsk plc (b)

    68,962        6,141   

Phoenix Group Holdings

    51,559        586,630   

Photo-Me International plc

    27,274        54,844   

Playtech plc

    58,243        686,974   

Porvair plc

    2,554        13,205   

Premier Farnell plc

    101,808        242,803   

Premier Foods plc (b)

    334,879        228,963   

Premier Oil plc (b)

    172,107        152,807   

Provident Financial plc

    9,022        353,821   

Punch Taverns plc (b)

    16,132        22,112   

PZ Cussons plc

    102,110        481,224   

QinetiQ Group plc

    183,469        563,118   

Rank Group plc

    29,633        78,990   

Rathbone Brothers plc

    21,429        508,286   

Raven Russia, Ltd. (b)

    80,649        39,858   

REA Holdings plc (b)

    1,120        3,667   

Redrow plc

    150,678        781,205   

Regus plc

    206,169        695,745   

Renishaw plc

    17,538        599,439   

Renold plc (b)

    64,766        33,071   

Rentokil Initial plc

    576,032        1,659,744   

Restaurant Group plc (The)

    58,755        293,195   

Ricardo plc

    13,452        168,275   

Rightmove plc

    30,801        1,685,536   

RM plc

    43,283        80,996   

Robert Walters plc

    14,599        68,108   

Rotork plc

    286,300        783,791   

RPC Group plc

    142,285        1,770,457   

RPS Group plc

    100,537        225,072   

Savills plc

    62,765        583,168   

SDL plc

    33,826        203,983   

Senior plc

    166,890        495,576   

Sepura plc

    11,245        2,474   

Serco Group plc (b)

    29,745        50,390   

Severfield plc

    100,890        77,482   

Shanks Group plc

    160,917        227,462   

United Kingdom—(Continued)

  

SIG plc

    252,797      381,072   

Soco International plc

    50,968        89,349   

Spectris plc

    44,465        1,134,223   

Speedy Hire plc

    205,988        95,573   

Spirax-Sarco Engineering plc

    22,020        1,284,265   

Spirent Communications plc

    240,086        255,188   

Sportech plc (b)

    20,264        21,382   

St. Ives plc

    36,663        63,102   

St. Modwen Properties plc

    94,644        361,019   

Stagecoach Group plc

    127,734        349,723   

Stallergenes Greer plc (b)

    569        18,025   

SThree plc

    33,106        106,739   

Stobart Group, Ltd.

    12,441        26,889   

SuperGroup plc

    18,185        354,552   

Synthomer plc

    102,899        492,411   

TalkTalk Telecom Group plc

    151,305        396,150   

Tate & Lyle plc

    139,162        1,352,185   

Ted Baker plc

    8,336        266,228   

Telecom Plus plc

    21,749        311,805   

Thomas Cook Group plc (b)

    438,591        393,388   

Topps Tiles plc

    83,374        121,303   

Tribal Group plc (b)

    21,793        15,854   

Trifast plc

    6,100        11,860   

Trinity Mirror plc

    174,518        206,409   

TT electronics plc

    79,682        144,936   

Tullett Prebon plc

    109,940        475,376   

Tullow Oil plc (b)

    283,543        930,955   

U & I Group plc

    54,856        125,127   

UBM plc

    98,172        907,773   

Ultra Electronics Holdings plc

    27,882        640,795   

UNITE Group plc (The)

    97,058        798,212   

Vectura Group plc (b)

    245,376        440,133   

Vedanta Resources plc

    28,343        213,859   

Vesuvius plc

    97,752        445,073   

Victrex plc

    29,970        609,099   

Vitec Group plc (The)

    10,351        81,687   

Volex plc (b)

    20,438        11,195   

Vp plc

    1,199        10,903   

Weir Group plc (The)

    18,886        415,204   

WH Smith plc

    53,179        1,061,466   

William Hill plc

    315,264        1,243,050   

Wincanton plc

    37,122        98,515   

Wireless Group plc

    38,815        157,958   

WS Atkins plc

    34,945        719,721   

Xaar plc

    18,088        117,224   

XP Power, Ltd.

    3,554        76,238   

Zeal Network SE

    1,934        68,380   
   

 

 

 
      106,685,188   
   

 

 

 

United States—0.0%

  

Diebold, Inc.

    4,495        110,856   

Performance Sports Group, Ltd. (b)

    1,854        7,532   
   

 

 

 
      118,388   
   

 

 

 

Total Common Stocks
(Cost $569,948,652)

      676,967,996   
   

 

 

 

 

MSF-124


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Preferred Stocks—0.2%

 

Security Description   Shares/
Principal
Amount*
    Value  

Germany—0.2%

  

Biotest AG

    3,558      $ 51,249   

FUCHS Petrolub SE

    10,262        468,459   

Jungheinrich AG

    13,710        463,726   

Sartorius AG

    3,540        294,626   

Sixt SE

    554        23,830   

Sto SE & Co. KGaA

    102        12,714   
   

 

 

 

Total Preferred Stocks
(Cost $995,352)

      1,314,604   
   

 

 

 
Warrants—0.0%   

Hong Kong—0.0%

  

Cheuk Nang Holdings, Ltd. (b)

    2,584        650   
   

 

 

 

Singapore—0.0%

  

Ezion Holdings, Ltd. (b)

    88,393        3,435   
   

 

 

 

Total Warrants
(Cost $0)

      4,085   
   

 

 

 
Rights—0.0%                

Australia—0.0%

  

Centrebet International, Ltd. (Litigation Units), Expires 07/29/16 (b) (c)

    9,600        0   

Troy Resources, Ltd., Expires 10/04/16 (b)

    14,690        0   
   

 

 

 
      0   
   

 

 

 

Austria—0.0%

  

Intercell AG (a) (b) (c)

    24,163        0   
   

 

 

 

Norway—0.0%

  

Solstad Offshore ASA, Expires 09/19/16 (b) (c)

    803        301   
   

 

 

 

United Kingdom—0.0%

  

Fortune Oil CVR (a) (b)

    575,627        0   
   

 

 

 

Total Rights
(Cost $0)

      301   
   

 

 

 
Securities Lending Reinvestments (e)—2.2%   

Certificates of Deposit—0.1%

  

Bank of Montreal
0.500%, 10/24/16

    200,000        200,000   

DZ Bank AG
0.950%, 01/03/17

    200,000        200,000   

KBC Bank NV
1.000%, 01/04/17

    200,000        200,000   
   

 

 

 
      600,000   
   

 

 

 

Money Market Fund—0.0%

  

State Street Navigator Securities Lending MET Portfolio

    9,740        9,740   
   

 

 

 

Repurchase Agreements—2.0%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $1,200,093 on 10/03/16, collateralized by $1,134,018 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $1,224,000.

    1,200,000      1,200,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $1,200,083 on 10/03/16, collateralized by $1,178,068 Corporate and Foreign Bonds with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $1,224,001.

    1,200,000        1,200,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $1,000,042 on 10/03/16, collateralized by $972,192 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $1,020,000.

    1,000,000        1,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $1,500,056 on 10/03/16, collateralized by $1,183,200 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $1,530,021.

    1,500,000        1,500,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $1,800,148 on 10/03/16, collateralized by $1,718,422 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $1,836,768.

    1,800,000        1,800,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $771,863 on 10/03/16, collateralized by $637,676 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $787,269.

    771,832        771,832   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $2,500,146 on 10/03/16, collateralized by $3,998,902 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $2,550,149.

    2,500,000        2,500,000   

 

MSF-125


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

 

Security Description  

Principal
Amount*

    Value  

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $300,022 on 10/04/16, collateralized by $288,532 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $306,000.

    300,000      $ 300,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $2,000,087 on 10/03/16, collateralized by $2,823,751 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $2,040,000.

    2,000,000        2,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,500,058 on 10/03/16, collateralized by $1,404,270 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,530,031.

    1,500,000        1,500,000   
   

 

 

 
      13,771,832   
   

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    90,318        90,318   

Den Norske Bank, Oslo
0.400%, 10/03/16

    200,000        200,000   

Royal Bank of Canada
0.280%, 10/03/16

    200,000        200,000   
   

 

 

 
      490,318   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $14,871,890)

      14,871,890   
   

 

 

 

Total Investments—101.7%
(Cost $585,815,894) (f)

      693,158,876   

Other assets and liabilities (net)—(1.7)%

      (11,443,685
   

 

 

 
Net Assets—100.0%     $ 681,715,191   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent less than 0.05% of net assets.
(b) Non-income producing security.
(c) Illiquid security. As of September 30, 2016, these securities represent 0.1% of net assets.
(d) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $11,776,679 and the collateral received consisted of cash in the amount of $14,471,890. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(e) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(f) As of September 30, 2016, the aggregate cost of investments was $585,815,894. The aggregate unrealized appreciation and depreciation of investments were $205,109,758 and $(97,766,776), respectively, resulting in net unrealized appreciation of $107,342,982.

 

Ten Largest Industries as of
September 30, 2016 (Unaudited)

  

% of
Net
Assets

 

Machinery

     5.9   

Metals & Mining

     5.1   

Real Estate Management & Development

     4.3   

Food Products

     4.0   

Banks

     3.9   

Chemicals

     3.7   

Construction & Engineering

     3.7   

Hotels, Restaurants & Leisure

     3.4   

Media

     3.0   

Capital Markets

     2.9   

 

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.

 

MSF-126


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

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 September 30, 2016:

 

 

Description

   Level 1      Level 2     Level 3      Total  
Common Stocks           

Australia

   $ 54,225       $ 46,978,550      $ 56,811       $ 47,089,586   

Austria

     —           7,440,383        83         7,440,466   

Belgium

     1,052,566         11,975,817        —           13,028,383   

Cambodia

     —           302,636        —           302,636   

Canada

     54,436,704         25,544        804         54,463,052   

China

     —           92,794        —           92,794   

Denmark

     —           15,056,192        —           15,056,192   

Finland

     —           19,825,596        1,837         19,827,433   

France

     413,045         32,937,652        —           33,350,697   

Germany

     —           42,305,537        —           42,305,537   

Hong Kong

     450,586         20,745,396        15,093         21,211,075   

Ireland

     —           5,444,142        —           5,444,142   

Isle of Man

     —           602,809        —           602,809   

Israel

     19,780         5,348,382        —           5,368,162   

Italy

     —           23,568,388        0         23,568,388   

Japan

     —           165,313,649        58,309         165,371,958   

Liechtenstein

     —           37,832        —           37,832   

Luxembourg

     —           137,587        —           137,587   

Macau

     —           75,612        —           75,612   

Malta

     —           722,045        —           722,045   

Netherlands

     —           15,927,480        0         15,927,480   

New Zealand

     —           9,584,863        —           9,584,863   

Norway

     —           5,858,914        —           5,858,914   

Philippines

     —           20,025        —           20,025   

Portugal

     —           2,072,219        0         2,072,219   

Singapore

     144,211         7,603,665        21,501         7,769,377   

Spain

     —           14,355,505        0         14,355,505   

Sweden

     —           22,915,877        —           22,915,877   

Switzerland

     —           36,073,763        —           36,073,763   

United Arab Emirates

     —           90,011        —           90,011   

United Kingdom

     —           106,685,162        26         106,685,188   

United States

     118,388         —          —           118,388   

Total Common Stocks

     56,689,505         620,124,027        154,464         676,967,996   

Total Preferred Stocks*

     —           1,314,604        —           1,314,604   

Total Warrants*

     4,085         —          —           4,085   
Rights           

Australia

     0         0        —           0   

Austria

     —           —          0         0   

Norway

     301         —          —           301   

United Kingdom

     —           —          0         0   

Total Rights

     301         0        0         301   
Securities Lending Reinvestments           

Certificates of Deposit

     —           600,000        —           600,000   

Money Market Fund

     9,740         —          —           9,740   

Repurchase Agreements

     —           13,771,832        —           13,771,832   

Time Deposits

     —           490,318        —           490,318   

Total Securities Lending Reinvestments

     9,740         14,862,150        —           14,871,890   

Total Investments

   $ 56,703,631       $ 636,300,781      $ 154,464       $ 693,158,876   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (14,471,890   $ —         $ (14,471,890

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-127


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

Transfers from Level 2 to Level 1 in the amount of $290,541 were due to the discontinuation of a systematic fair valuation model factor. Transfers from Level 1 to Level 2 in the amount of $788,981 were due to the application of a systematic fair valuation model factor.

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

 

Investments in Securities

  Balance as of
December
31, 2015
    Realized
Gain/
(Loss)
    Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases     Sales     Transfers
into
Level 3
    Transfers
out of
Level 3
    Balance
as of
September
30, 2016
    Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
Still Held at
September 30,
2016
 
Common Stocks                  

Australia

  $ 48,048      $ (797,616   $ 713,641      $      $ (2,807   $ 95,545      $      $ 56,811      $ (51,396

Austria

    428               (345     17,819        (17,819                   83        (17,736

Canada

    1,883               (1,079     5,331        (5,331                   804        (5,658

Finland

    1,777               60                                    1,837        60   

France

    0        (37,056     39,028               (1,972            0                 

Hong Kong

    50,660        (10,672     9,882               (34,712            (65     15,093        (25,226

Italy

    10,922               (10,922                                 0        (10,922

Japan

                  19,168                      39,141               58,309        19,168   

Netherlands

    0               0                                    0        0   

New Zealand

    0        (60,764     60,764               0                               

Portugal

    0               0                                    0        0   

Singapore

    49,232        11,920        (5,255            (51,215     16,819               21,501        (11,422

Spain

    0               0                                    0        0   

United Kingdom

    1,047,126        621,288        (573,238            (1,095,186     36               26        (10
Rights                  

Australia

                  0                                    0        0   

Austria

    0               0                                    0        0   

United Kingdom

    764               (764                                 0        (764
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 1,210,840      $ (272,900   $ 250,940      $ 23,150      $ (1,209,042   $ 151,541      $ (65   $ 154,464      $ (103,906
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common stocks in the amount of $151,541 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 $65 were transferred out of Level 3 due to the resumption of trading activity which resulted in the availability of significant observable inputs.

 

MSF-128


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—59.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.4%

  

Boeing Co. (The)

    29,288      $ 3,858,401   

General Dynamics Corp.

    33,394        5,181,413   

Lockheed Martin Corp.

    20,565        4,929,842   

Northrop Grumman Corp.

    16,675        3,567,616   
   

 

 

 
      17,537,272   
   

 

 

 

Air Freight & Logistics—0.3%

  

FedEx Corp.

    14,244        2,488,142   

XPO Logistics, Inc. (a) (b)

    49,050        1,798,663   
   

 

 

 
      4,286,805   
   

 

 

 

Airlines—0.1%

  

American Airlines Group, Inc.

    37,785        1,383,309   
   

 

 

 

Banks—2.2%

  

Bank of America Corp.

    815,151        12,757,113   

PNC Financial Services Group, Inc. (The)

    82,692        7,449,722   

Wells Fargo & Co.

    170,036        7,529,194   
   

 

 

 
      27,736,029   
   

 

 

 

Beverages—2.5%

  

Anheuser-Busch InBev S.A. (ADR)

    16,427        2,158,672   

Coca-Cola Co. (The)

    49,951        2,113,926   

Constellation Brands, Inc. - Class A

    17,098        2,846,646   

Dr Pepper Snapple Group, Inc.

    35,278        3,221,234   

Molson Coors Brewing Co. - Class B

    36,223        3,977,286   

Monster Beverage Corp. (a)

    41,578        6,104,066   

PepsiCo, Inc.

    107,295        11,670,477   
   

 

 

 
      32,092,307   
   

 

 

 

Biotechnology—1.1%

  

Aduro Biotech, Inc. (a) (b)

    16,450        204,474   

Alkermes plc (a)

    27,232        1,280,721   

Alnylam Pharmaceuticals, Inc. (a)

    4,677        317,007   

ARIAD Pharmaceuticals, Inc. (a)

    54,552        746,817   

Bluebird Bio, Inc. (a) (b)

    7,380        500,216   

Celgene Corp. (a)

    20,960        2,190,949   

Chiasma, Inc. (a)

    20,570        60,476   

GlycoMimetics, Inc. (a)

    55,683        398,133   

Incyte Corp. (a)

    16,048        1,513,166   

Ironwood Pharmaceuticals, Inc. (a)

    59,748        948,798   

Karyopharm Therapeutics, Inc. (a) (b)

    35,087        341,397   

Nivalis Therapeutics, Inc. (a)

    28,240        229,591   

Novavax, Inc. (a) (b)

    76,050        158,184   

Otonomy, Inc. (a)

    21,612        393,122   

PTC Therapeutics, Inc. (a) (b)

    25,399        355,840   

Regeneron Pharmaceuticals, Inc. (a)

    4,644        1,866,981   

Regulus Therapeutics, Inc. (a)

    25,920        85,536   

Syndax Pharmaceuticals, Inc. (a) (b)

    33,060        501,190   

TESARO, Inc. (a) (b)

    10,800        1,082,592   

Trevena, Inc. (a)

    58,243        393,140   
   

 

 

 
      13,568,330   
   

 

 

 

Building Products—0.1%

  

Fortune Brands Home & Security, Inc.

    14,550        845,355   
   

 

 

 

Capital Markets—0.9%

  

BlackRock, Inc.

    4,455      1,614,759   

Evercore Partners, Inc. - Class A

    12,452        641,403   

Intercontinental Exchange, Inc.

    7,748        2,087,001   

Invesco, Ltd.

    41,666        1,302,896   

Legg Mason, Inc.

    40,361        1,351,286   

Northern Trust Corp.

    25,095        1,706,209   

S&P Global, Inc.

    17,150        2,170,504   

WisdomTree Investments, Inc. (b)

    51,390        528,803   
   

 

 

 
      11,402,861   
   

 

 

 

Chemicals—1.0%

  

Cabot Corp.

    25,751        1,349,610   

Celanese Corp. - Series A

    37,699        2,509,246   

Dow Chemical Co. (The)

    66,310        3,436,847   

Monsanto Co.

    15,990        1,634,178   

Mosaic Co. (The)

    22,534        551,182   

PPG Industries, Inc.

    21,103        2,181,206   

Sherwin-Williams Co. (The)

    2,626        726,509   
   

 

 

 
      12,388,778   
   

 

 

 

Communications Equipment—0.1%

  

Arista Networks, Inc. (a) (b)

    19,792        1,683,903   
   

 

 

 

Construction Materials—0.4%

  

CRH plc (ADR)

    47,510        1,580,658   

Martin Marietta Materials, Inc.

    7,230        1,294,965   

Summit Materials, Inc. - Class A (a)

    46,689        866,081   

Vulcan Materials Co.

    15,410        1,752,579   
   

 

 

 
      5,494,283   
   

 

 

 

Consumer Finance—1.7%

  

American Express Co.

    104,982        6,723,047   

Capital One Financial Corp.

    119,067        8,552,583   

Santander Consumer USA Holdings, Inc. (a)

    470,165        5,717,206   
   

 

 

 
      20,992,836   
   

 

 

 

Containers & Packaging—0.6%

  

Ball Corp.

    43,979        3,604,079   

International Paper Co.

    58,355        2,799,873   

Owens-Illinois, Inc. (a)

    35,933        660,808   
   

 

 

 
      7,064,760   
   

 

 

 

Electric Utilities—1.8%

  

Avangrid, Inc.

    75,820        3,167,760   

Duke Energy Corp.

    13,950        1,116,558   

Edison International

    36,101        2,608,297   

Eversource Energy

    23,445        1,270,250   

Exelon Corp.

    69,070        2,299,340   

NextEra Energy, Inc.

    59,035        7,221,161   

PG&E Corp.

    58,190        3,559,483   

Pinnacle West Capital Corp.

    16,971        1,289,626   
   

 

 

 
      22,532,475   
   

 

 

 

 

MSF-129


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description    Shares      Value  

Electrical Equipment—0.4%

  

AMETEK, Inc.

     44,376       $ 2,120,285   

Eaton Corp. plc

     44,360         2,914,896   
     

 

 

 
        5,035,181   
     

 

 

 

Energy Equipment & Services—0.5%

  

Baker Hughes, Inc.

     38,790         1,957,731   

Ensco plc - Class A

     22,113         187,961   

Halliburton Co.

     7,626         342,255   

Oceaneering International, Inc.

     7,910         217,604   

Patterson-UTI Energy, Inc.

     49,412         1,105,346   

Tenaris S.A. (ADR) (b)

     23,750         674,500   

Tesco Corp.

     73,560         600,250   

Weatherford International plc (a)

     147,358         828,152   
     

 

 

 
        5,913,799   
     

 

 

 

Equity Real Estate Investment Trusts—2.1%

  

American Tower Corp.

     72,074         8,168,146   

Apartment Investment & Management Co. - Class A

     32,635         1,498,273   

Boston Properties, Inc.

     18,836         2,567,159   

Equinix, Inc.

     6,326         2,278,942   

Host Hotels & Resorts, Inc.

     58,334         908,260   

Outfront Media, Inc.

     101,631         2,403,573   

Prologis, Inc.

     42,878         2,295,688   

Regency Centers Corp.

     23,920         1,853,561   

Simon Property Group, Inc.

     20,887         4,323,818   
     

 

 

 
        26,297,420   
     

 

 

 

Food & Staples Retailing—0.7%

  

Costco Wholesale Corp.

     33,187         5,061,349   

Walgreens Boots Alliance, Inc.

     44,730         3,606,133   
     

 

 

 
        8,667,482   
     

 

 

 

Food Products—1.0%

  

Mondelez International, Inc. - Class A

     211,320         9,276,948   

Post Holdings, Inc. (a) (b)

     46,639         3,599,132   
     

 

 

 
        12,876,080   
     

 

 

 

Gas Utilities—0.1%

  

UGI Corp.

     39,758         1,798,652   
     

 

 

 

Health Care Equipment & Supplies—3.5%

  

Abbott Laboratories

     30,431         1,286,927   

Baxter International, Inc.

     65,556         3,120,466   

Becton Dickinson & Co.

     19,666         3,534,570   

Boston Scientific Corp. (a)

     197,505         4,700,619   

ConforMIS, Inc. (a) (b)

     45,600         452,352   

Danaher Corp.

     103,542         8,116,657   

Medtronic plc

     165,935         14,336,784   

St. Jude Medical, Inc.

     50,580         4,034,261   

Stryker Corp.

     39,969         4,652,791   
     

 

 

 
        44,235,427   
     

 

 

 

Health Care Providers & Services—2.2%

  

Cardinal Health, Inc.

     26,224       2,037,605   

Cigna Corp.

     29,520         3,847,046   

HCA Holdings, Inc. (a)

     54,150         4,095,365   

McKesson Corp.

     45,150         7,528,762   

UnitedHealth Group, Inc.

     72,051         10,087,140   
     

 

 

 
        27,595,918   
     

 

 

 

Hotels, Restaurants & Leisure—0.3%

  

Las Vegas Sands Corp.

     5,787         332,984   

Starbucks Corp.

     72,432         3,921,468   

Wingstop, Inc. (b)

     1,800         52,740   
     

 

 

 
        4,307,192   
     

 

 

 

Household Durables—0.5%

  

Mohawk Industries, Inc. (a)

     30,829         6,176,282   
     

 

 

 

Household Products—0.5%

  

Colgate-Palmolive Co.

     93,128         6,904,510   
     

 

 

 

Industrial Conglomerates—0.8%

  

General Electric Co.

     77,494         2,295,372   

Honeywell International, Inc.

     62,623         7,301,216   
     

 

 

 
        9,596,588   
     

 

 

 

Insurance—3.2%

  

Allstate Corp. (The)

     32,620         2,256,652   

American International Group, Inc.

     154,840         9,188,205   

Assured Guaranty, Ltd.

     142,028         3,941,277   

Chubb, Ltd.

     17,020         2,138,563   

Hartford Financial Services Group, Inc. (The)

     108,598         4,650,166   

Marsh & McLennan Cos., Inc.

     108,280         7,281,830   

Principal Financial Group, Inc.

     42,192         2,173,310   

Prudential Financial, Inc.

     49,744         4,061,598   

XL Group, Ltd.

     137,660         4,629,506   
     

 

 

 
        40,321,107   
     

 

 

 

Internet & Direct Marketing Retail—2.6%

  

Amazon.com, Inc. (a)

     24,563         20,566,846   

Expedia, Inc.

     53,850         6,285,372   

Netflix, Inc. (a)

     33,978         3,348,532   

Wayfair, Inc. - Class A (a) (b)

     62,730         2,469,680   
     

 

 

 
        32,670,430   
     

 

 

 

Internet Software & Services—2.5%

  

Alphabet, Inc. - Class A (a)

     23,799         19,135,824   

Blucora, Inc. (a)

     25,000         280,000   

Envestnet, Inc. (a)

     19,106         696,413   

Facebook, Inc. - Class A (a)

     85,244         10,934,248   
     

 

 

 
        31,046,485   
     

 

 

 

IT Services—2.6%

  

Accenture plc - Class A

     25,814         3,153,696   

Alliance Data Systems Corp. (a)

     11,466         2,459,801   

Automatic Data Processing, Inc.

     35,841         3,161,176   

 

MSF-130


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

IT Services—(Continued)

  

Cognizant Technology Solutions Corp. - Class A (a)

    34,337      $ 1,638,218   

FleetCor Technologies, Inc. (a)

    9,530        1,655,647   

Genpact, Ltd. (a)

    109,197        2,615,268   

Global Payments, Inc.

    65,179        5,003,140   

Visa, Inc. - Class A

    128,145        10,597,592   

WEX, Inc. (a)

    19,366        2,093,271   
   

 

 

 
      32,377,809   
   

 

 

 

Life Sciences Tools & Services—0.3%

  

Thermo Fisher Scientific, Inc.

    21,589        3,433,946   
   

 

 

 

Machinery—1.0%

  

Fortive Corp.

    54,170        2,757,253   

Illinois Tool Works, Inc.

    55,952        6,705,288   

Pentair plc

    48,143        3,092,706   
   

 

 

 
      12,555,247   
   

 

 

 

Marine—0.0%

  

Kirby Corp. (a)

    2,630        163,481   
   

 

 

 

Media—2.3%

  

Charter Communications, Inc. - Class A (a)

    42,917        11,586,302   

Comcast Corp. - Class A

    190,645        12,647,389   

Interpublic Group of Cos., Inc. (The)

    51,325        1,147,114   

Twenty-First Century Fox, Inc. - Class A

    170,885        4,138,835   
   

 

 

 
      29,519,640   
   

 

 

 

Metals & Mining—0.1%

  

Reliance Steel & Aluminum Co.

    5,548        399,623   

Steel Dynamics, Inc.

    18,590        464,564   
   

 

 

 
      864,187   
   

 

 

 

Multi-Utilities—0.7%

  

Ameren Corp.

    31,364        1,542,482   

Dominion Resources, Inc.

    57,535        4,273,124   

Sempra Energy

    33,845        3,627,846   
   

 

 

 
      9,443,452   
   

 

 

 

Oil, Gas & Consumable Fuels—2.9%

  

Anadarko Petroleum Corp.

    49,104        3,111,230   

Chevron Corp.

    46,472        4,782,898   

Cobalt International Energy, Inc. (a)

    476,647        591,042   

ConocoPhillips

    44,380        1,929,199   

Exxon Mobil Corp.

    15,326        1,337,653   

Hess Corp.

    7,516        403,008   

Kinder Morgan, Inc.

    103,722        2,399,090   

Newfield Exploration Co. (a)

    104,118        4,524,968   

ONEOK, Inc.

    19,968        1,026,156   

PBF Energy, Inc. - Class A

    76,787        1,738,458   

PDC Energy, Inc. (a)

    26,951        1,807,334   

Pioneer Natural Resources Co.

    28,822        5,350,804   

QEP Resources, Inc.

    107,607        2,101,565   

Spectra Energy Corp.

    44,455        1,900,451   

Tesoro Corp.

    11,397        906,745   

Oil, Gas & Consumable Fuels—(Continued)

  

TransCanada Corp.

    35,980      1,711,209   

Valero Energy Corp.

    29,265        1,551,045   
   

 

 

 
      37,172,855   
   

 

 

 

Paper & Forest Products—0.1%

  

Boise Cascade Co. (a)

    75,922        1,928,419   
   

 

 

 

Personal Products—0.9%

  

Coty, Inc. - Class A (a)

    199,855        4,696,592   

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

    68,892        6,101,076   
   

 

 

 
      10,797,668   
   

 

 

 

Pharmaceuticals—3.0%

  

Aerie Pharmaceuticals, Inc. (a)

    16,870        636,674   

Allergan plc (a)

    30,350        6,989,908   

AstraZeneca plc (ADR)

    98,081        3,222,942   

Bristol-Myers Squibb Co.

    137,945        7,437,994   

Eli Lilly & Co.

    44,640        3,582,806   

Johnson & Johnson

    53,960        6,374,295   

Merck & Co., Inc.

    101,351        6,325,316   

Mylan NV (a)

    58,530        2,231,164   

MyoKardia, Inc. (a) (b)

    30,360        496,082   
   

 

 

 
      37,297,181   
   

 

 

 

Professional Services—0.8%

  

Equifax, Inc.

    19,661        2,645,977   

IHS Markit, Ltd. (a)

    23,647        887,945   

Nielsen Holdings plc

    44,225        2,369,133   

TransUnion (a)

    110,130        3,799,485   
   

 

 

 
      9,702,540   
   

 

 

 

Real Estate Management & Development—0.1%

  

Conyers Park Acquisition Corp. (a)

    148,420        1,595,515   
   

 

 

 

Road & Rail—0.3%

  

CSX Corp.

    26,965        822,433   

Genesee & Wyoming, Inc. - Class A (a)

    13,006        896,764   

J.B. Hunt Transport Services, Inc.

    6,560        532,278   

Kansas City Southern

    4,338        404,822   

Knight Transportation, Inc.

    39,926        1,145,477   
   

 

 

 
      3,801,774   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.6%

  

Broadcom, Ltd.

    17,125        2,954,405   

First Solar, Inc. (a) (b)

    6,436        254,158   

Intel Corp.

    212,691        8,029,085   

MACOM Technology Solutions Holdings, Inc. (a)

    4,870        206,196   

Microchip Technology, Inc.

    31,475        1,955,857   

Micron Technology, Inc. (a)

    46,782        831,784   

NXP Semiconductors NV (a)

    12,301        1,254,825   

QUALCOMM, Inc.

    62,329        4,269,536   

SunPower Corp. (a) (b)

    6,525        58,203   
   

 

 

 
      19,814,049   
   

 

 

 

 

MSF-131


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Software—1.7%

  

Electronic Arts, Inc. (a)

    55,573      $ 4,745,934   

Microsoft Corp.

    158,559        9,132,998   

Salesforce.com, Inc. (a)

    11,125        793,546   

ServiceNow, Inc. (a)

    35,677        2,823,835   

SS&C Technologies Holdings, Inc.

    32,430        1,042,625   

Workday, Inc. - Class A (a) (b)

    29,428        2,698,253   
   

 

 

 
      21,237,191   
   

 

 

 

Specialty Retail—0.9%

  

Advance Auto Parts, Inc.

    44,152        6,583,946   

L Brands, Inc.

    22,555        1,596,217   

O’Reilly Automotive, Inc. (a)

    9,388        2,629,673   
   

 

 

 
      10,809,836   
   

 

 

 

Technology Hardware, Storage & Peripherals—3.2%

  

Apple, Inc.

    225,072        25,444,390   

Pure Storage, Inc. - Class A (a) (b)

    251,565        3,408,706   

Seagate Technology plc

    285,568        11,008,646   
   

 

 

 
      39,861,742   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.7%

  

NIKE, Inc. - Class B

    134,923        7,103,696   

Under Armour, Inc. - Class C (a)

    36,947        1,251,025   

VF Corp.

    18,441        1,033,618   
   

 

 

 
      9,388,339   
   

 

 

 

Tobacco—0.8%

  

Altria Group, Inc.

    153,542        9,708,461   
   

 

 

 

Total Common Stocks
(Cost $660,168,850)

      743,925,188   
   

 

 

 
U.S. Treasury & Government Agencies—22.0%   

Agency Sponsored Mortgage - Backed—21.1%

  

 

Fannie Mae 15 Yr. Pool
2.500%, TBA (c)

    21,450,000        22,216,934   

3.000%, 07/01/28

    2,342,698        2,470,166   

3.000%, 02/01/31

    265,523        279,082   

3.000%, 03/01/31

    1,577,198        1,657,502   

3.000%, TBA (c)

    10,778,000        11,306,978   

3.500%, 07/01/28

    337,171        361,419   

4.000%, 04/01/26

    61,033        64,851   

4.000%, 02/01/29

    1,547,656        1,651,328   

4.500%, 06/01/24

    336,537        362,293   

4.500%, 02/01/25

    99,878        105,989   

4.500%, 04/01/25

    15,574        16,527   

4.500%, 07/01/25

    75,341        79,952   

4.500%, 06/01/26

    1,533,925        1,641,926   

5.000%, TBA (c)

    500,000        512,813   

Fannie Mae 30 Yr. Pool
2.500%, TBA (c)

    500,000        504,385   

3.000%, 02/01/43

    960,973        1,006,241   

3.000%, 03/01/43

    2,792,406        2,914,511   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
3.000%, 04/01/43

    2,188,246      2,285,008   

3.000%, 05/01/43

    3,567,718        3,731,414   

3.000%, 06/01/43

    365,725        383,500   

3.000%, TBA (c)

    38,575,000        40,092,382   

3.500%, 03/01/43

    70,541        74,927   

3.500%, 05/01/43

    132,744        140,998   

3.500%, 07/01/43

    293,669        311,901   

3.500%, 08/01/43

    523,035        555,555   

3.500%, 02/01/45

    697,760        736,073   

3.500%, 01/01/46

    1,156,712        1,221,676   

3.500%, 02/01/46

    1,410,848        1,490,116   

3.500%, 06/01/46

    4,247,193        4,481,936   

3.500%, 09/01/46

    1,084,724        1,144,782   

3.500%, TBA (c)

    16,400,000        17,304,562   

4.000%, 10/01/40

    1,244,044        1,339,204   

4.000%, 11/01/40

    521,357        561,394   

4.000%, 12/01/40

    374,692        403,499   

4.000%, 02/01/41

    186,166        200,617   

4.000%, 03/01/41

    453,859        489,149   

4.000%, 08/01/42

    238,152        256,712   

4.000%, 09/01/42

    421,628        454,486   

4.000%, 03/01/45

    78,504        84,337   

4.000%, 02/01/46

    753,362        809,902   

4.000%, 05/01/46

    780,784        839,594   

4.000%, 06/01/46

    399,043        428,697   

4.000%, TBA (c)

    15,550,000        16,700,457   

4.500%, 10/01/40

    1,157,089        1,269,399   

4.500%, 09/01/41

    120,710        132,764   

4.500%, 10/01/41

    519,432        568,992   

4.500%, 08/01/42

    154,538        169,378   

4.500%, 09/01/43

    2,697,118        2,955,647   

4.500%, 10/01/43

    370,970        406,683   

4.500%, 12/01/43

    331,294        363,308   

4.500%, 01/01/44

    821,962        911,518   

5.000%, 04/01/33

    4,811        5,339   

5.000%, 07/01/33

    16,475        18,375   

5.000%, 09/01/33

    258,733        290,093   

5.000%, 11/01/33

    65,264        73,327   

5.000%, 12/01/33

    26,279        29,525   

5.000%, 02/01/34

    11,599        13,031   

5.000%, 03/01/34

    5,555        6,241   

5.000%, 04/01/34

    5,306        5,961   

5.000%, 06/01/34

    4,697        5,239   

5.000%, 07/01/34

    78,192        87,827   

5.000%, 10/01/34

    201,702        226,512   

5.000%, 07/01/35

    134,703        151,302   

5.000%, 10/01/35

    150,045        168,578   

5.000%, 12/01/35

    118,007        132,539   

5.000%, 08/01/36

    107,400        120,644   

5.000%, 07/01/37

    58,459        65,684   

5.000%, 07/01/41

    107,500        119,668   

5.000%, 08/01/41

    68,788        76,809   

5.000%, TBA (c)

    350,000        388,753   

5.500%, 08/01/28

    28,939        32,577   

5.500%, 04/01/33

    69,008        78,470   

 

MSF-132


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
5.500%, 08/01/37

    416,149      $ 473,489   

5.500%, 04/01/41

    39,224        44,421   

6.000%, 03/01/28

    2,919        3,342   

6.000%, 05/01/28

    10,057        11,512   

6.000%, 02/01/34

    278,461        324,016   

6.000%, 08/01/34

    148,593        172,595   

6.000%, 04/01/35

    1,250,078        1,453,824   

6.000%, 02/01/38

    96,845        112,296   

6.000%, 03/01/38

    35,254        41,024   

6.000%, 05/01/38

    112,815        131,290   

6.000%, 10/01/38

    33,986        39,443   

6.000%, 12/01/38

    40,655        47,123   

6.000%, TBA (c)

    1,000,000        1,146,268   

6.500%, 05/01/40

    809,185        933,408   

Fannie Mae ARM Pool
2.809%, 03/01/41 (d)

    131,087        138,905   

2.945%, 03/01/41 (d)

    83,335        88,072   

3.157%, 12/01/40 (d)

    216,239        227,235   

3.388%, 06/01/41 (d)

    247,349        260,265   

3.536%, 09/01/41 (d)

    175,440        185,242   

Fannie Mae Pool
2.690%, 04/01/25

    200,000        209,138   

2.780%, 02/01/27

    692,673        729,385   

3.140%, 11/01/27

    690,653        747,180   

3.160%, 12/01/26

    90,000        97,424   

3.210%, 05/01/23

    165,000        178,317   

3.240%, 12/01/26

    84,244        91,660   

3.340%, 04/01/24

    84,486        92,385   

3.354%, 01/01/27

    1,354,604        1,483,435   

3.410%, 08/01/27

    492,654        543,694   

3.450%, 01/01/24

    34,128        37,417   

3.470%, 01/01/24

    33,743        37,037   

3.650%, 08/01/23

    1,820,649        2,010,678   

3.670%, 08/01/23

    81,637        90,260   

3.700%, 10/01/23

    25,000        27,815   

3.760%, 03/01/24

    30,000        33,534   

3.855%, 12/01/25

    45,000        50,940   

3.860%, 11/01/23

    25,000        28,164   

3.870%, 10/01/25

    76,637        86,486   

3.890%, 05/01/30

    102,591        115,850   

3.930%, 10/01/23

    110,000        123,075   

3.960%, 05/01/34

    43,576        49,808   

3.970%, 05/01/29

    29,871        34,117   

4.060%, 10/01/28

    65,754        76,200   

Fannie Mae REMICS (CMO)
Zero Coupon, 03/25/36 (e)

    43,549        39,645   

Zero Coupon, 06/25/36 (e) (f)

    378,610        342,477   

1.880%, 04/25/55 (d) (g)

    1,386,903        86,771   

1.889%, 05/25/46 (d) (f) (g)

    1,436,181        83,395   

1.966%, 08/25/44 (d) (f) (g)

    1,315,688        108,710   

2.500%, 06/25/28 (f) (g)

    281,369        23,949   

3.000%, 09/25/27 (f) (g)

    250,601        22,947   

3.000%, 01/25/28 (f) (g)

    1,806,029        164,449   

3.000%, 04/25/28 (f) (g)

    813,838        86,890   

3.500%, 05/25/30 (f) (g)

    434,193        50,241   

4.000%, 03/25/42 (f) (g)

    196,872        28,718   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae REMICS (CMO)
4.000%, 05/25/42 (f) (g)

    1,149,825      183,081   

4.000%, 11/25/42 (f) (g)

    112,809        16,342   

4.500%, 07/25/27 (f) (g)

    282,232        31,212   

5.457%, 05/25/42 (d) (g)

    167,812        19,584   

5.500%, 04/25/35 (f)

    467,216        528,432   

5.500%, 04/25/37 (f)

    203,249        229,562   

Fannie Mae-ACES
2.423%, 01/25/22 (d) (g)

    1,597,011        130,912   

3.329%, 10/25/23 (d)

    505,000        545,980   

Freddie Mac 15 Yr. Gold Pool
3.000%, 07/01/28

    845,772        888,696   

3.000%, 08/01/29

    581,332        614,845   

3.000%, TBA (c)

    200,000        210,074   

3.500%, TBA (c)

    1,500,000        1,584,174   

Freddie Mac 20 Yr. Gold Pool
3.500%, 08/01/34

    1,175,650        1,250,447   

Freddie Mac 30 Yr. Gold Pool
3.000%, 03/01/43

    446,824        465,278   

3.000%, 04/01/43

    2,425,867        2,525,767   

3.000%, 08/01/43

    1,070,441        1,114,617   

3.000%, TBA (c)

    6,400,000        6,650,500   

3.500%, 08/01/42

    167,280        180,439   

3.500%, 11/01/42

    252,170        268,600   

3.500%, 05/01/46

    6,641,468        7,006,543   

3.500%, TBA (c)

    6,450,000        6,800,562   

4.000%, 05/01/42

    1,163,980        1,252,551   

4.000%, 08/01/42

    305,280        330,470   

4.000%, 09/01/42

    466,688        505,186   

4.000%, 07/01/44

    112,883        121,075   

4.000%, 01/01/46

    692,380        743,641   

4.000%, 02/01/46

    380,617        408,330   

4.000%, TBA (c)

    10,800,000        11,571,609   

4.500%, 09/01/43

    201,248        220,736   

4.500%, 11/01/43

    2,082,400        2,281,545   

4.500%, 09/01/44

    297,541        325,804   

4.500%, TBA (c)

    4,150,000        4,543,845   

5.000%, TBA (c)

    1,500,000        1,661,993   

5.500%, 07/01/33

    187,482        213,656   

5.500%, 04/01/39

    81,704        92,534   

5.500%, 06/01/41

    305,036        344,951   

Freddie Mac ARM Non-Gold Pool
2.998%, 02/01/41 (d)

    211,104        223,397   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.617%, 06/25/22 (d) (g)

    1,885,023        131,792   

1.668%, 12/25/18 (d) (g)

    3,097,853        87,593   

1.837%, 03/25/22 (d) (g)

    1,425,937        108,500   

1.892%, 05/25/19 (d) (g)

    2,383,253        89,414   

Freddie Mac REMICS (CMO)
Zero Coupon, 11/15/36 (e)

    49,219        44,308   

3.000%, 03/15/33 (f) (g)

    254,115        29,484   

4.000%, 07/15/27 (f) (g)

    1,220,720        124,385   

4.500%, 03/15/41

    293,352        356,081   

4.750%, 07/15/39 (f)

    894,855        981,460   

5.500%, 08/15/33

    101,108        112,613   

5.500%, 07/15/36 (f)

    214,926        244,695   

 

MSF-133


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac REMICS (CMO)
5.500%, 06/15/46

    303,340      $ 340,338   

6.500%, 07/15/36 (f)

    303,479        344,707   

Freddie Mac Structured Agency Credit Risk Debt Notes
3.125%, 12/25/27 (d)

    580,500        592,562   

3.175%, 03/25/28 (d)

    537,000        549,460   

3.375%, 04/25/28 (d)

    1,877,000        1,934,933   

3.425%, 07/25/28 (d)

    692,000        714,996   

FREMF Mortgage Trust
3.080%, 10/25/47 (144A) (d)

    770,000        780,039   

Ginnie Mae I 30 Yr. Pool
3.000%, 12/15/44

    27,140        28,507   

3.000%, 02/15/45

    88,025        92,264   

3.000%, 04/15/45

    1,305,440        1,368,295   

3.000%, 05/15/45

    1,799,343        1,885,979   

3.000%, 07/15/45

    43,653        45,755   

4.000%, 09/15/42

    1,256,997        1,355,210   

4.500%, 04/15/41

    1,008,002        1,114,141   

4.500%, 02/15/42

    2,065,413        2,284,435   

5.000%, 12/15/38

    70,171        78,638   

5.000%, 04/15/39 (h)

    1,430,828        1,599,344   

5.000%, 07/15/39

    152,357        171,252   

5.000%, 12/15/40

    198,787        222,782   

5.500%, 12/15/40

    660,517        747,803   

9.000%, 11/15/19

    1,659        1,666   

Ginnie Mae II 30 Yr. Pool
3.000%, 09/20/46

    6,794,492        7,127,212   

3.500%, 10/20/46

    2,994,222        3,195,045   

3.500%, TBA (c)

    13,075,000        13,887,080   

4.500%, 01/20/46

    270,806        292,922   

5.000%, 10/20/39

    34,193        38,216   

Government National Mortgage Association
0.876%, 02/16/53 (d) (g)

    2,604,526        149,998   

Government National Mortgage Association (CMO)
4.000%, 05/16/42 (f) (g)

    141,017        24,514   

4.000%, 01/20/44 (f) (g)

    98,652        17,427   

4.000%, 11/20/44 (f) (g)

    1,494,958        273,144   

5.000%, 10/16/41 (f) (g)

    595,214        99,793   
   

 

 

 
      266,151,671   
   

 

 

 

U.S. Treasury—0.9%

  

U.S. Treasury Bonds
2.750%, 08/15/42 (h) (i)

    350,000        381,391   

3.000%, 11/15/44 (h) (i)

    595,000        678,416   

4.500%, 02/15/36 (h) (i)

    1,199,000        1,687,406   

U.S. Treasury Inflation Indexed Notes
0.250%, 01/15/25 (h) (j)

    8,151,930        8,303,001   

U.S. Treasury Notes
0.625%, 12/31/16 (h)

    250,000        250,214   
   

 

 

 
      11,300,428   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $274,825,782)

      277,452,099   
   

 

 

 
Corporate Bonds & Notes — 13.7%   
Security Description   Principal
Amount*
    Value  

Advertising—0.0%

  

Lamar Media Corp.
5.750%, 02/01/26

    20,000      21,550   
   

 

 

 

Aerospace/Defense—0.1%

  

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

    130,000        133,065   

BAE Systems plc
4.750%, 10/11/21 (144A)

    135,000        150,119   

Lockheed Martin Corp.
2.500%, 11/23/20

    265,000        273,554   

4.700%, 05/15/46

    380,000        451,486   
   

 

 

 
      1,008,224   
   

 

 

 

Agriculture—0.2%

  

Altria Group, Inc.
2.625%, 09/16/26

    165,000        166,828   

3.875%, 09/16/46

    190,000        197,116   

BAT International Finance plc
2.750%, 06/15/20 (144A)

    490,000        507,395   

Imperial Brands Finance plc
2.050%, 07/20/18 (144A)

    200,000        201,375   

2.950%, 07/21/20 (144A)

    550,000        567,857   

3.750%, 07/21/22 (144A)

    310,000        328,947   

Reynolds American, Inc.
3.250%, 06/12/20

    517,000        543,919   
   

 

 

 
      2,513,437   
   

 

 

 

Apparel—0.0%

  

Hanesbrands, Inc.
4.875%, 05/15/26 (144A)

    100,000        102,250   

William Carter Co. (The)
5.250%, 08/15/21

    290,000        303,233   
   

 

 

 
      405,483   
   

 

 

 

Auto Manufacturers—0.6%

  

Daimler Finance North America LLC
1.650%, 03/02/18 (144A)

    900,000        901,736   

Ford Motor Credit Co. LLC
1.461%, 03/27/17

    1,560,000        1,561,856   

2.240%, 06/15/18

    535,000        539,272   

3.200%, 01/15/21

    375,000        384,983   

4.134%, 08/04/25

    200,000        211,006   

4.250%, 02/03/17

    400,000        403,837   

General Motors Co.
6.600%, 04/01/36

    375,000        451,193   

6.750%, 04/01/46

    85,000        106,563   

General Motors Financial Co., Inc.
2.400%, 04/10/18

    575,000        579,150   

3.500%, 07/10/19

    925,000        952,934   

3.700%, 05/09/23

    300,000        305,117   

4.750%, 08/15/17

    1,215,000        1,247,861   

5.250%, 03/01/26

    375,000        411,857   
   

 

 

 
      8,057,365   
   

 

 

 

 

MSF-134


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—4.1%

  

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

    800,000      $ 835,840   

9.000%, 05/09/18 (d)

    800,000        819,240   

Banco Santander S.A.
6.250%, 03/12/19 (EUR) (d)

    500,000        502,699   

Bank of America Corp.
2.625%, 04/19/21

    500,000        507,955   

3.950%, 04/21/25

    350,000        362,321   

4.000%, 04/01/24

    545,000        587,299   

4.000%, 01/22/25

    1,410,000        1,461,304   

4.125%, 01/22/24

    265,000        287,391   

6.110%, 01/29/37

    145,000        177,219   

7.750%, 05/14/38

    630,000        913,431   

Bank of Ireland
7.375%, 06/18/20 (EUR) (d) (f)

    675,000        721,978   

Bank of Nova Scotia (The)
4.500%, 12/16/25

    465,000        495,444   

Barclays Bank plc
6.050%, 12/04/17 (144A)

    1,200,000        1,254,792   

8.000%, 12/15/20 (EUR) (d)

    750,000        842,512   

BNP Paribas S.A.
7.625%, 03/30/21 (144A) (d)

    390,000        401,420   

BPCE S.A.
5.150%, 07/21/24 (144A)

    660,000        694,220   

Capital One N.A.
1.650%, 02/05/18

    925,000        926,084   

2.350%, 08/17/18

    580,000        587,059   

Citigroup, Inc.
2.700%, 03/30/21

    295,000        301,402   

4.300%, 11/20/26

    675,000        707,933   

4.450%, 09/29/27

    2,140,000        2,239,452   

4.600%, 03/09/26

    215,000        229,613   

4.650%, 07/30/45

    80,000        90,291   

5.500%, 09/13/25

    490,000        558,814   

Credit Agricole S.A.
7.500%, 06/23/26 (GBP) (d)

    100,000        127,995   

8.125%, 12/23/25 (144A) (d)

    725,000        768,500   

8.125%, 09/19/33 (144A) (d)

    225,000        242,719   

Credit Suisse Group AG
6.250%, 12/18/24 (144A) (d)

    1,695,000        1,603,894   

Credit Suisse Group Funding Guernsey, Ltd.
3.125%, 12/10/20

    495,000        501,483   

Goldman Sachs Group, Inc. (The)
2.000%, 04/25/19

    140,000        140,932   

2.350%, 11/15/21

    560,000        558,701   

2.600%, 04/23/20

    1,605,000        1,631,253   

2.750%, 09/15/20

    440,000        450,703   

2.875%, 02/25/21

    520,000        533,334   

4.750%, 10/21/45

    215,000        241,284   

5.150%, 05/22/45

    640,000        697,929   

6.250%, 02/01/41

    430,000        562,257   

6.750%, 10/01/37

    1,375,000        1,750,801   

HSBC Holdings plc
2.950%, 05/25/21

    255,000        258,637   

3.400%, 03/08/21

    765,000        791,210   

3.600%, 05/25/23 (b)

    255,000        263,363   

4.250%, 08/18/25

    900,000        923,959   

Banks—(Continued)

  

HSBC Holdings plc
5.250%, 09/16/22 (EUR) (d)

    225,000      247,219   

5.250%, 03/14/44

    280,000        315,145   

HSBC USA, Inc.
2.750%, 08/07/20

    375,000        383,910   

Intesa Sanpaolo S.p.A.
7.700%, 09/17/25 (144A) (d)

    650,000        568,750   

JPMorgan Chase & Co.
2.295%, 08/15/21

    420,000        420,913   

2.400%, 06/07/21

    565,000        571,378   

2.550%, 10/29/20

    530,000        539,830   

2.700%, 05/18/23

    480,000        484,952   

2.750%, 06/23/20

    830,000        854,114   

4.250%, 10/01/27

    780,000        836,893   

5.600%, 07/15/41

    125,000        160,026   

6.000%, 01/15/18

    455,000        480,714   

Landsbanki Islands
Zero Coupon, 08/25/20 (j)

    320,000        30,800   

Lloyds Banking Group plc
7.000%, 06/27/19 (GBP) (d)

    280,000        357,537   

Morgan Stanley
2.500%, 01/24/19

    455,000        463,626   

2.500%, 04/21/21

    1,190,000        1,204,879   

3.125%, 07/27/26

    1,225,000        1,232,324   

3.950%, 04/23/27

    160,000        166,184   

4.000%, 07/23/25

    280,000        301,101   

4.350%, 09/08/26

    95,000        101,422   

5.000%, 11/24/25

    707,000        788,800   

5.550%, 04/27/17

    1,350,000        1,381,162   

6.250%, 08/28/17

    555,000        578,065   

PNC Bank N.A.
1.450%, 07/29/19

    420,000        420,021   

Royal Bank of Scotland Group plc
3.875%, 09/12/23

    1,270,000        1,249,671   

6.125%, 12/15/22

    180,000        190,731   

7.500%, 08/10/20 (d)

    720,000        660,600   

Santander Issuances S.A.U.
5.179%, 11/19/25 (b)

    1,200,000        1,222,619   

Societe Generale S.A.
7.375%, 09/13/21 (144A) (d)

    650,000        637,000   

8.250%, 11/29/18 (d)

    885,000        897,134   

SunTrust Banks, Inc.
3.500%, 01/20/17

    270,000        271,369   

UBS Group AG
5.750%, 02/19/22 (EUR) (d)

    250,000        289,006   

6.875%, 03/22/21 (d)

    450,000        443,722   

7.000%, 02/19/25 (d)

    200,000        211,000   

7.125%, 02/19/20 (d)

    470,000        475,969   

UBS Group Funding Jersey, Ltd.
2.650%, 02/01/22 (144A)

    620,000        618,846   

Wells Fargo & Co.
3.000%, 04/22/26 (b)

    310,000        312,915   

4.400%, 06/14/46

    640,000        651,551   

4.900%, 11/17/45

    980,000        1,078,991   

5.606%, 01/15/44

    675,000        806,355   
   

 

 

 
      51,461,911   
   

 

 

 

 

MSF-135


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Beverages—0.7%

  

Anheuser-Busch InBev Finance, Inc.
1.900%, 02/01/19

    840,000      $ 848,109   

2.150%, 02/01/19

    175,000        177,997   

3.300%, 02/01/23

    2,620,000        2,765,434   

4.700%, 02/01/36

    815,000        937,065   

4.900%, 02/01/46

    2,585,000        3,075,584   

Anheuser-Busch InBev Worldwide, Inc.
2.500%, 07/15/22

    290,000        295,728   

3.750%, 07/15/42

    405,000        405,371   

Molson Coors Brewing Co.
4.200%, 07/15/46

    285,000        296,953   

Pernod Ricard S.A.
3.250%, 06/08/26 (144A)

    505,000        512,970   
   

 

 

 
      9,315,211   
   

 

 

 

Biotechnology—0.0%

  

Celgene Corp.
4.625%, 05/15/44

    195,000        205,546   

Gilead Sciences, Inc.
2.500%, 09/01/23

    120,000        121,272   

3.250%, 09/01/22

    205,000        217,682   
   

 

 

 
      544,500   
   

 

 

 

Building Materials—0.1%

  

Boise Cascade Co.
5.625%, 09/01/24 (144A)

    35,000        35,525   

CRH America, Inc.
5.125%, 05/18/45 (144A)

    500,000        559,383   

Eagle Materials, Inc.
4.500%, 08/01/26

    75,000        76,006   

Norbord, Inc.
6.250%, 04/15/23 (144A)

    220,000        233,750   

Standard Industries, Inc.
5.375%, 11/15/24 (144A)

    145,000        149,350   

6.000%, 10/15/25 (144A)

    220,000        235,400   
   

 

 

 
      1,289,414   
   

 

 

 

Chemicals—0.0%

  

Versum Materials, Inc.
5.500%, 09/30/24 (144A)

    20,000        20,550   
   

 

 

 

Commercial Services—0.1%

  

Cardtronics, Inc.
5.125%, 08/01/22

    220,000        224,950   

ERAC USA Finance LLC
2.600%, 12/01/21 (144A)

    550,000        560,599   

United Rentals North America, Inc.
4.625%, 07/15/23

    105,000        107,625   

5.500%, 07/15/25

    135,000        137,700   
   

 

 

 
      1,030,874   
   

 

 

 

Computers—0.2%

  

Apple, Inc.
1.550%, 08/04/21

    540,000      539,065   

3.450%, 02/09/45

    550,000        525,508   

3.850%, 08/04/46

    95,000        97,162   

Diamond 1 Finance Corp. / Diamond 2 Finance Corp.
3.480%, 06/01/19 (144A)

    250,000        257,118   

4.420%, 06/15/21 (144A)

    195,000        203,798   

8.350%, 07/15/46 (144A)

    125,000        149,669   

NCR Corp.
4.625%, 02/15/21

    240,000        242,400   
   

 

 

 
      2,014,720   
   

 

 

 

Diversified Financial Services—0.3%

  

Aircastle, Ltd.
5.000%, 04/01/23

    25,000        26,188   

5.500%, 02/15/22 (b)

    50,000        53,875   

CIT Group, Inc.
5.500%, 02/15/19 (144A)

    485,000        513,494   

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

    435,000        451,632   

International Lease Finance Corp.
5.875%, 04/01/19

    615,000        658,819   

Nasdaq, Inc.
3.850%, 06/30/26

    110,000        115,101   

Navient Corp.
5.500%, 01/15/19

    520,000        527,800   

Synchrony Financial
2.600%, 01/15/19

    740,000        748,716   

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

    510,000        534,649   

4.300%, 12/14/45

    590,000        681,848   
   

 

 

 
      4,312,122   
   

 

 

 

Electric—0.4%

  

AES Corp.
4.875%, 05/15/23

    245,000        248,675   

5.500%, 03/15/24

    325,000        338,201   

Dominion Resources, Inc.
2.850%, 08/15/26

    340,000        338,178   

DTE Energy Co.
1.500%, 10/01/19

    315,000        314,625   

Duke Energy Carolinas LLC
4.250%, 12/15/41

    275,000        305,506   

Duke Energy Corp.
2.650%, 09/01/26

    135,000        132,471   

Duke Energy Florida LLC
3.400%, 10/01/46

    430,000        419,298   

Duke Energy Progress LLC
4.375%, 03/30/44

    320,000        362,545   

Electricite de France S.A.
4.950%, 10/13/45 (144A)

    460,000        497,814   

Emera U.S. Finance L.P.
2.700%, 06/15/21 (144A)

    80,000        81,869   

4.750%, 06/15/46 (144A)

    90,000        96,592   

 

MSF-136


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Electric—(Continued)

  

Exelon Corp.
2.450%, 04/15/21

    80,000      $ 81,597   

2.850%, 06/15/20

    565,000        585,841   

Fortis, Inc.
2.100%, 10/04/21 (144A)

    155,000        154,433   

3.055%, 10/04/26 (144A)

    100,000        99,575   

NextEra Energy Capital Holdings, Inc.
1.649%, 09/01/18

    210,000        210,830   

NRG Energy, Inc.
6.250%, 07/15/22

    200,000        203,000   

Oncor Electric Delivery Co. LLC
7.000%, 09/01/22

    130,000        164,712   

Southern Co. (The)
1.850%, 07/01/19

    315,000        317,477   

2.950%, 07/01/23

    130,000        134,317   

4.400%, 07/01/46

    155,000        167,245   
   

 

 

 
      5,254,801   
   

 

 

 

Electrical Components & Equipment—0.0%

  

EnerSys
5.000%, 04/30/23 (144A)

    215,000        214,731   
   

 

 

 

Electronics—0.0%

  

Fortive Corp.
2.350%, 06/15/21 (144A)

    295,000        298,630   
   

 

 

 

Entertainment—0.0%

  

GLP Capital L.P. / GLP Financing II, Inc.
5.375%, 04/15/26

    50,000        53,750   

WMG Acquisition Corp.
5.000%, 08/01/23 (144A)

    40,000        40,600   
   

 

 

 
      94,350   
   

 

 

 

Environmental Control—0.0%

  

Clean Harbors, Inc.
5.250%, 08/01/20

    210,000        215,775   
   

 

 

 

Food—0.2%

  

Kraft Heinz Foods Co.
2.000%, 07/02/18

    325,000        327,999   

2.800%, 07/02/20

    205,000        212,447   

4.375%, 06/01/46

    125,000        132,253   

Kroger Co. (The)
1.500%, 09/30/19

    180,000        179,698   

2.650%, 10/15/26

    255,000        253,096   

3.875%, 10/15/46

    30,000        30,188   

Sigma Alimentos S.A. de C.V.
4.125%, 05/02/26 (144A)

    430,000        431,075   

Sysco Corp.
2.500%, 07/15/21

    430,000        439,215   
   

 

 

 
      2,005,971   
   

 

 

 

Forest Products & Paper—0.0%

  

Cascades, Inc.
5.500%, 07/15/22 (144A)

    70,000        71,138   

5.750%, 07/15/23 (144A)

    120,000        121,500   

Forest Products & Paper—(Continued)

  

Clearwater Paper Corp.
5.375%, 02/01/25 (144A)

    220,000      224,125   
   

 

 

 
      416,763   
   

 

 

 

Gas—0.0%

  

AmeriGas Partners L.P. / AmeriGas Finance Corp.
5.625%, 05/20/24

    95,000        100,700   

5.875%, 08/20/26

    95,000        100,700   

Southern Co. Gas Capital Corp.
2.450%, 10/01/23

    95,000        95,534   

Southern Star Central Corp.
5.125%, 07/15/22 (144A)

    25,000        25,187   
   

 

 

 
      322,121   
   

 

 

 

Healthcare-Products—0.2%

  

Hologic, Inc.
5.250%, 07/15/22 (144A)

    60,000        63,675   

Kinetic Concepts, Inc. / KCI USA, Inc.
7.875%, 02/15/21 (144A)

    190,000        205,675   

Medtronic, Inc.
4.375%, 03/15/35

    398,000        451,007   

4.625%, 03/15/45

    130,000        152,748   

Thermo Fisher Scientific, Inc.
2.950%, 09/19/26

    95,000        94,280   

3.000%, 04/15/23

    455,000        465,976   

Zimmer Biomet Holdings, Inc.
1.450%, 04/01/17

    555,000        555,279   
   

 

 

 
      1,988,640   
   

 

 

 

Healthcare-Services—0.4%

  

Aetna, Inc.
2.800%, 06/15/23

    175,000        178,699   

4.250%, 06/15/36

    80,000        82,860   

Anthem, Inc.
2.300%, 07/15/18

    202,000        204,644   

3.500%, 08/15/24

    900,000        947,560   

4.625%, 05/15/42

    170,000        183,347   

CHS/Community Health Systems, Inc.
5.125%, 08/01/21 (b)

    250,000        248,125   

HCA, Inc.
4.750%, 05/01/23

    60,000        62,550   

6.500%, 02/15/20

    535,000        592,513   

MEDNAX, Inc.
5.250%, 12/01/23 (144A)

    40,000        42,050   

Tenet Healthcare Corp.
6.000%, 10/01/20

    535,000        565,763   

UnitedHealth Group, Inc.
1.700%, 02/15/19

    465,000        468,091   

3.350%, 07/15/22

    460,000        493,953   

3.750%, 07/15/25

    475,000        521,626   

4.750%, 07/15/45

    175,000        209,858   
   

 

 

 
      4,801,639   
   

 

 

 

Holding Companies-Diversified—0.1%

  

Hutchison Whampoa International, Ltd.
2.000%, 11/08/17 (144A)

    850,000        853,861   
   

 

 

 

 

MSF-137


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Home Builders—0.0%

  

CalAtlantic Group, Inc.
5.375%, 10/01/22

    240,000      $ 250,200   

Meritage Homes Corp.
6.000%, 06/01/25

    220,000        233,750   

PulteGroup, Inc.
4.250%, 03/01/21

    20,000        21,000   
   

 

 

 
      504,950   
   

 

 

 

Insurance—0.1%

  

American International Group, Inc.
4.700%, 07/10/35

    295,000        319,427   

CNO Financial Group, Inc.
4.500%, 05/30/20

    10,000        10,238   

5.250%, 05/30/25

    90,000        89,325   

Marsh & McLennan Cos., Inc.
3.500%, 03/10/25

    340,000        359,132   

Massachusetts Mutual Life Insurance Co.
8.875%, 06/01/39 (144A)

    325,000        511,440   

MGIC Investment Corp.
5.750%, 08/15/23

    45,000        46,800   

Radian Group, Inc.
7.000%, 03/15/21

    80,000        89,700   
   

 

 

 
      1,426,062   
   

 

 

 

Iron/Steel—0.0%

  

Steel Dynamics, Inc.
5.125%, 10/01/21

    95,000        98,681   

5.500%, 10/01/24

    105,000        109,988   

United States Steel Corp.
6.875%, 04/01/21

    16,000        15,840   

7.375%, 04/01/20

    21,000        20,895   
   

 

 

 
      245,404   
   

 

 

 

Lodging—0.0%

  

Hilton Domestic Operating Co., Inc.
4.250%, 09/01/24 (144A)

    105,000        107,100   

Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.
5.375%, 03/15/22

    296,000        306,730   
   

 

 

 
      413,830   
   

 

 

 

Machinery-Construction & Mining—0.0%

  

Oshkosh Corp.
5.375%, 03/01/25

    120,000        125,550   
   

 

 

 

Machinery-Diversified—0.0%

  

Case New Holland Industrial, Inc.
7.875%, 12/01/17

    154,000        163,625   

CNH Industrial Capital LLC
3.375%, 07/15/19

    15,000        15,263   

CNH Industrial NV
4.500%, 08/15/23

    145,000        146,232   
   

 

 

 
      325,120   
   

 

 

 

Media—1.2%

  

21st Century Fox America, Inc.
6.150%, 03/01/37

    685,000      860,741   

CBS Corp.
4.000%, 01/15/26 (b)

    150,000        159,092   

CCO Holdings LLC / CCO Holdings Capital Corp.
5.125%, 02/15/23

    10,000        10,425   

5.250%, 09/30/22

    290,000        303,050   

5.750%, 09/01/23

    60,000        63,525   

5.750%, 02/15/26 (144A)

    30,000        31,800   

Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
3.579%, 07/23/20 (144A)

    270,000        282,203   

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

    815,000        879,436   

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

    760,000        838,322   

6.484%, 10/23/45 (144A)

    1,350,000        1,632,585   

Comcast Corp.
1.625%, 01/15/22

    170,000        168,579   

2.750%, 03/01/23

    655,000        678,705   

3.150%, 03/01/26

    995,000        1,050,788   

3.400%, 07/15/46

    400,000        388,841   

4.750%, 03/01/44

    240,000        282,379   

COX Communications, Inc.
3.250%, 12/15/22 (144A)

    190,000        191,321   

3.350%, 09/15/26 (144A)

    95,000        95,765   

3.850%, 02/01/25 (144A)

    355,000        365,834   

DISH DBS Corp.
7.875%, 09/01/19

    490,000        548,800   

Grupo Televisa S.A.B.
6.125%, 01/31/46

    360,000        393,969   

Liberty Interactive LLC
8.250%, 02/01/30

    385,000        413,875   

NBCUniversal Media LLC
5.150%, 04/30/20

    86,000        96,478   

Sky plc
2.625%, 09/16/19 (144A)

    480,000        488,056   

TEGNA, Inc.
4.875%, 09/15/21 (144A)

    225,000        234,000   

5.125%, 10/15/19

    360,000        369,450   

6.375%, 10/15/23

    55,000        59,125   

Time Warner Cable LLC
4.500%, 09/15/42

    325,000        310,134   

7.300%, 07/01/38

    500,000        639,800   

8.250%, 04/01/19

    626,000        720,817   

8.750%, 02/14/19

    759,000        875,324   

Time Warner, Inc.
4.850%, 07/15/45

    275,000        307,411   

6.500%, 11/15/36

    535,000        691,479   

Viacom, Inc.
3.450%, 10/04/26

    65,000        64,981   

Videotron, Ltd.
5.375%, 06/15/24 (144A)

    195,000        202,800   
   

 

 

 
      14,699,890   
   

 

 

 

 

MSF-138


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Mining—0.1%

  

Anglo American Capital plc
4.875%, 05/14/25 (144A) (b)

    210,000      $ 214,200   

Freeport-McMoRan, Inc.
3.875%, 03/15/23

    25,000        22,436   

4.550%, 11/14/24

    65,000        58,906   

5.400%, 11/14/34 (b)

    80,000        66,400   

5.450%, 03/15/43

    145,000        116,362   

Kaiser Aluminum Corp.
5.875%, 05/15/24

    45,000        47,025   

Rio Tinto Finance USA, Ltd.
3.750%, 06/15/25 (b)

    180,000        193,653   

Teck Resources, Ltd.
8.500%, 06/01/24 (144A) (b)

    105,000        120,225   
   

 

 

 
      839,207   
   

 

 

 

Oil & Gas—1.2%

  

Anadarko Petroleum Corp.
4.850%, 03/15/21

    370,000        397,202   

5.550%, 03/15/26 (b)

    465,000        525,468   

6.375%, 09/15/17

    54,000        56,297   

6.600%, 03/15/46

    640,000        778,723   

6.950%, 06/15/19

    75,000        82,981   

Antero Resources Corp.
5.625%, 06/01/23

    50,000        50,938   

BP Capital Markets plc
2.112%, 09/16/21

    355,000        357,063   

2.750%, 05/10/23

    500,000        508,354   

3.062%, 03/17/22

    125,000        130,939   

Cenovus Energy, Inc.
3.000%, 08/15/22

    1,060,000        1,007,937   

3.800%, 09/15/23

    120,000        118,722   

5.200%, 09/15/43

    455,000        408,574   

5.700%, 10/15/19

    247,000        265,135   

Concho Resources, Inc.
5.500%, 04/01/23

    75,000        77,344   

6.500%, 01/15/22

    65,000        67,437   

ConocoPhillips Co.
4.950%, 03/15/26 (b)

    720,000        811,560   

Continental Resources, Inc.
3.800%, 06/01/24

    5,000        4,575   

4.500%, 04/15/23

    60,000        57,600   

4.900%, 06/01/44

    10,000        8,400   

5.000%, 09/15/22 (b)

    100,000        99,750   

Devon Energy Corp.
3.250%, 05/15/22 (b)

    895,000        888,602   

Devon Financing Co. LLC
7.875%, 09/30/31

    100,000        123,878   

Encana Corp.
3.900%, 11/15/21

    255,000        255,505   

EOG Resources, Inc.
4.150%, 01/15/26

    225,000        245,748   

Hess Corp.
4.300%, 04/01/27

    370,000        372,881   

5.600%, 02/15/41

    210,000        209,320   

5.800%, 04/01/47

    320,000        327,409   

6.000%, 01/15/40

    260,000        265,687   

Oil & Gas—(Continued)

  

Kerr-McGee Corp.
6.950%, 07/01/24

    480,000      577,024   

Marathon Oil Corp.
2.700%, 06/01/20

    200,000        196,026   

2.800%, 11/01/22

    370,000        342,681   

3.850%, 06/01/25 (b)

    100,000        94,964   

5.200%, 06/01/45

    30,000        26,900   

6.600%, 10/01/37

    15,000        15,341   

6.800%, 03/15/32

    15,000        15,693   

MEG Energy Corp.
7.000%, 03/31/24 (144A)

      107,440   
    136,000     

Petroleos Mexicanos
3.500%, 07/23/20

    180,000        181,260   

5.500%, 02/04/19 (144A)

    380,000        400,710   

5.500%, 06/27/44

    685,000        593,826   

6.375%, 02/04/21 (144A)

    195,000        212,569   

Pioneer Natural Resources Co.
3.450%, 01/15/21

    65,000        67,591   

3.950%, 07/15/22

    120,000        127,696   

4.450%, 01/15/26 (b)

    580,000        629,018   

QEP Resources, Inc.
5.375%, 10/01/22

    5,000        4,963   

6.800%, 03/01/20

    15,000        15,413   

Shell International Finance B.V.
2.500%, 09/12/26

    185,000        181,891   

3.250%, 05/11/25

    490,000        516,202   

4.375%, 05/11/45

    470,000        507,316   

SM Energy Co.
6.125%, 11/15/22

    55,000        55,000   

Statoil ASA
3.700%, 03/01/24 (b)

    90,000        97,814   

3.950%, 05/15/43

    445,000        458,818   

Tesoro Corp.
5.125%, 04/01/24

    150,000        154,500   

Valero Energy Corp.
3.400%, 09/15/26

    610,000        605,936   

4.900%, 03/15/45

    75,000        74,027   
   

 

 

 
      14,764,648   
   

 

 

 

Packaging & Containers—0.1%

  

Crown Americas LLC / Crown Americas Capital Corp. V
4.250%, 09/30/26 (144A)

    55,000        55,069   

Graphic Packaging International, Inc.
4.875%, 11/15/22

    220,000        231,000   

Owens-Brockway Glass Container, Inc.
5.875%, 08/15/23 (144A)

    95,000        102,125   

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.125%, 07/15/23 (144A)

    205,000        211,662   
   

 

 

 
      599,856   
   

 

 

 

Pharmaceuticals—0.6%

  

AbbVie, Inc.
3.200%, 05/14/26

    250,000        253,089   

 

MSF-139


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

  

Actavis Funding SCS
2.350%, 03/12/18

    1,545,000      $ 1,560,930   

3.000%, 03/12/20

    1,020,000        1,053,165   

Baxalta, Inc.
3.600%, 06/23/22

    55,000        57,782   

Cardinal Health, Inc.
1.950%, 06/15/18

    265,000        267,505   

EMD Finance LLC
2.950%, 03/19/22 (144A)

    600,000        618,529   

Mylan NV
3.000%, 12/15/18 (144A)

    280,000        286,173   

3.150%, 06/15/21 (144A)

    255,000        259,787   

3.750%, 12/15/20 (144A)

    325,000        339,422   

Quintiles Transnational Corp.
4.875%, 05/15/23 (144A)

    85,000        87,338   

Shire Acquisitions Investments Ireland DAC
2.400%, 09/23/21 (b)

    480,000        480,604   

Teva Pharmaceutical Finance Netherlands B.V.
3.150%, 10/01/26

    140,000        140,648   

Teva Pharmaceutical Finance Netherlands III B.V.
1.700%, 07/19/19

    875,000        873,020   

2.200%, 07/21/21 (b)

    700,000        697,360   
   

 

 

 
      6,975,352   
   

 

 

 

Pipelines—0.5%

  

DCP Midstream LLC
5.350%, 03/15/20 (144A)

    25,000        25,625   

9.750%, 03/15/19 (144A)

    30,000        33,360   

DCP Midstream Operating L.P.
2.700%, 04/01/19

    30,000        29,250   

3.875%, 03/15/23

    20,000        19,100   

4.950%, 04/01/22

    66,000        67,237   

5.600%, 04/01/44

    50,000        46,250   

Energy Transfer Equity L.P.
7.500%, 10/15/20

    540,000        592,650   

Energy Transfer Partners L.P.
4.050%, 03/15/25

    180,000        178,530   

5.950%, 10/01/43

    120,000        121,208   

Enterprise Products Operating LLC
3.950%, 02/15/27

    240,000        251,488   

Kinder Morgan Energy Partners L.P.
5.300%, 09/15/20

    135,000        145,656   

6.500%, 04/01/20

    50,000        56,134   

6.850%, 02/15/20

    95,000        107,810   

Kinder Morgan, Inc.
5.050%, 02/15/46

    580,000        552,301   

Magellan Midstream Partners L.P.
5.000%, 03/01/26

    145,000        165,192   

MPLX L.P.
4.875%, 12/01/24

    105,000        108,604   

4.875%, 06/01/25

    100,000        103,328   

Plains All American Pipeline L.P. / PAA Finance Corp.
2.850%, 01/31/23

    470,000        445,442   

3.650%, 06/01/22

    470,000        476,429   

Pipelines—(Continued)

  

Regency Energy Partners L.P. / Regency Energy Finance Corp.
5.875%, 03/01/22

    275,000      303,236   

Sunoco Logistics Partners Operations L.P.
3.900%, 07/15/26

    25,000        25,493   

4.250%, 04/01/24

    300,000        311,623   

Tesoro Logistics L.P. / Tesoro Logistics Finance Corp.
5.500%, 10/15/19

    130,000        138,450   

6.250%, 10/15/22

    200,000        213,500   

Texas Eastern Transmission L.P.
2.800%, 10/15/22 (144A)

    420,000        418,681   

Williams Cos., Inc. (The)
3.700%, 01/15/23

    35,000        33,950   

4.550%, 06/24/24

    21,000        21,411   

5.750%, 06/24/44

    35,000        36,050   

7.875%, 09/01/21

    25,000        28,937   

Williams Partners L.P.
3.600%, 03/15/22

    905,000        920,720   

4.000%, 11/15/21

    215,000        222,514   

4.300%, 03/04/24

    260,000        265,888   

5.250%, 03/15/20

    280,000        303,122   
   

 

 

 
      6,769,169   
   

 

 

 

Real Estate—0.1%

  

Prologis L.P.
3.350%, 02/01/21

    595,000        629,076   
   

 

 

 

Real Estate Investment Trusts—0.3%

  

American Tower Corp.
3.400%, 02/15/19

    385,000        400,032   

3.450%, 09/15/21

    135,000        142,082   

4.500%, 01/15/18

    280,000        290,406   

Brandywine Operating Partnership L.P.
3.950%, 02/15/23

    775,000        791,600   

Corrections Corp. of America
4.125%, 04/01/20 (b)

    90,000        84,600   

Crown Castle International Corp.
3.400%, 02/15/21

    65,000        68,025   

3.700%, 06/15/26

    245,000        255,633   

HCP, Inc.
4.000%, 06/01/25

    500,000        513,409   

Kimco Realty Corp.
3.125%, 06/01/23

    605,000        621,956   

3.400%, 11/01/22

    200,000        210,696   

Ventas Realty L.P. / Ventas Capital Corp.
2.700%, 04/01/20

    330,000        338,170   

Welltower, Inc.
4.500%, 01/15/24

    175,000        191,091   
   

 

 

 
      3,907,700   
   

 

 

 

Retail—0.4%

  

AutoZone, Inc.
1.625%, 04/21/19

    140,000        140,473   

 

MSF-140


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Retail—(Continued)

  

CVS Health Corp.
2.125%, 06/01/21

    80,000      $ 80,812   

2.800%, 07/20/20

    750,000        777,041   

3.875%, 07/20/25

    324,000        352,712   

5.125%, 07/20/45

    645,000        789,251   

Group 1 Automotive, Inc.
5.000%, 06/01/22

    205,000        205,640   

Home Depot, Inc. (The)
3.500%, 09/15/56

    410,000        400,666   

KFC Holding Co. / Pizza Hut Holdings LLC / Taco Bell of America LLC
5.250%, 06/01/26 (144A)

    110,000        116,325   

Lowe’s Cos., Inc.
2.500%, 04/15/26

    700,000        702,549   

3.700%, 04/15/46

    575,000        594,078   

Walgreens Boots Alliance, Inc.
2.600%, 06/01/21

    195,000        199,557   

3.100%, 06/01/23

    160,000        165,032   
   

 

 

 
      4,524,136   
   

 

 

 

Savings & Loans—0.0%

  

Nationwide Building Society
6.875%, 06/20/19 (GBP) (d)

    355,000        438,392   
   

 

 

 

Semiconductors—0.1%

  

Intel Corp.
4.100%, 05/19/46

    235,000        251,521   

Lam Research Corp.
2.800%, 06/15/21 (b)

    410,000        420,831   

NXP B.V. / NXP Funding LLC
4.625%, 06/15/22 (144A)

    200,000        216,000   

Sensata Technologies B.V.
5.000%, 10/01/25 (144A)

    180,000        184,050   

5.625%, 11/01/24 (144A)

    20,000        21,125   
   

 

 

 
      1,093,527   
   

 

 

 

Shipbuilding—0.0%

  

Huntington Ingalls Industries, Inc.
5.000%, 11/15/25 (144A)

    25,000        26,438   
   

 

 

 

Software—0.3%

  

First Data Corp.
5.000%, 01/15/24 (144A)

    40,000        40,600   

5.375%, 08/15/23 (144A)

    215,000        221,450   

Microsoft Corp.
1.550%, 08/08/21

    655,000        652,323   

2.400%, 08/08/26

    255,000        255,216   

3.700%, 08/08/46

    390,000        394,752   

3.950%, 08/08/56

    400,000        405,250   

MSCI, Inc.
5.250%, 11/15/24 (144A)

    75,000        79,399   

5.750%, 08/15/25 (144A)

    65,000        69,387   

Open Text Corp.
5.625%, 01/15/23 (144A)

    80,000        81,600   

Software—(Continued)

  

Oracle Corp.
1.900%, 09/15/21

    875,000      877,220   
   

 

 

 
      3,077,197   
   

 

 

 

Telecommunications—0.8%

  

AT&T, Inc.
3.600%, 02/17/23

    570,000        600,834   

4.125%, 02/17/26

    170,000        183,702   

4.500%, 05/15/35

    130,000        136,590   

4.750%, 05/15/46

    960,000        1,004,597   

5.150%, 03/15/42

    439,000        476,336   

Cisco Systems, Inc.
1.400%, 09/20/19

    785,000        785,685   

2.200%, 02/28/21

    470,000        480,895   

CommScope, Inc.
4.375%, 06/15/20 (144A)

    135,000        139,050   

Frontier Communications Corp.
10.500%, 09/15/22

    65,000        68,900   

GTP Acquisition Partners LLC
3.482%, 06/16/25 (144A)

    1,355,000        1,412,249   

Nokia Oyj
6.625%, 05/15/39

    200,000        217,000   

Sprint Communications, Inc.
7.000%, 03/01/20 (144A)

    630,000        675,675   

T-Mobile USA, Inc.
6.731%, 04/28/22

    175,000        183,750   

Telecom Italia Capital S.A.
6.000%, 09/30/34

    45,000        44,561   

6.375%, 11/15/33

    10,000        10,175   

7.721%, 06/04/38

    50,000        54,750   

Verizon Communications, Inc.
4.400%, 11/01/34

    535,000        566,104   

4.672%, 03/15/55

    1,228,000        1,291,770   

4.862%, 08/21/46

    315,000        352,820   

5.012%, 08/21/54 (b)

    523,000        577,517   

Wind Acquisition Finance S.A.
4.750%, 07/15/20 (144A)

    200,000        201,500   
   

 

 

 
      9,464,460   
   

 

 

 

Transportation—0.1%

  

FedEx Corp.
3.250%, 04/01/26 (b)

    160,000        168,742   

4.550%, 04/01/46

    315,000        349,896   

Kansas City Southern
3.000%, 05/15/23

    200,000        203,760   

Norfolk Southern Corp.
2.900%, 06/15/26

    400,000        410,244   

Ryder System, Inc.
2.550%, 06/01/19

    260,000        265,128   
   

 

 

 
      1,397,770   
   

 

 

 

Trucking & Leasing—0.1%

  

Penske Truck Leasing Co. L.P. / PTL Finance Corp.
4.875%, 07/11/22 (144A)

    1,180,000        1,316,757   
   

 

 

 

Total Corporate Bonds & Notes (Cost $167,955,183)

      172,027,134   
   

 

 

 

 

MSF-141


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Asset-Backed Securities—6.3%

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Automobile—0.1%

  

AmeriCredit Automobile Receivables Trust
3.310%, 10/08/19

    245,000      $ 249,702   

First Investors Auto Owner Trust
2.390%, 11/16/20 (144A)

    285,000        287,049   

Flagship Credit Auto Trust
1.210%, 04/15/19 (144A)

    50,272        50,291   

GM Financial Automobile Leasing Trust
1.960%, 03/20/18 (144A)

    200,000        200,517   

Santander Drive Auto Receivables Trust
3.780%, 10/15/19 (144A)

    195,000        199,902   

4.670%, 01/15/20 (144A)

    1,085,000        1,101,139   
   

 

 

 
      2,088,600   
   

 

 

 

Asset-Backed - Home Equity—0.3%

  

GSAA Home Equity Trust
0.575%, 12/25/46 (d) (f)

    120,428        75,268   

0.595%, 12/25/46 (d) (f)

    385,385        209,873   

0.625%, 03/25/37 (d) (f)

    849,101        458,935   

0.745%, 05/25/47 (d) (f)

    28,123        21,391   

0.755%, 04/25/47 (d) (f)

    274,160        182,667   

0.765%, 11/25/36 (d) (f)

    352,766        200,344   

0.825%, 03/25/36 (d) (f)

    1,549,082        1,023,519   

5.876%, 09/25/36 (f)

    165,515        88,035   

5.985%, 06/25/36 (d) (f)

    646,174        328,033   

Morgan Stanley ABS Capital I, Inc. Trust
0.675%, 06/25/36 (d) (f)

    65,049        57,200   

Renaissance Home Equity Loan Trust
5.909%, 04/25/37 (f)

    678,068        361,781   

6.120%, 11/25/36 (f)

    263,649        163,553   

Soundview Home Loan Trust
0.775%, 11/25/36 (d) (f)

    595,000        417,428   
   

 

 

 
      3,588,027   
   

 

 

 

Asset-Backed - Other—5.9%

  

AMMC CLO, Ltd.
2.165%, 07/27/26 (144A) (d)

    1,340,000        1,339,992   

Apidos CLO
2.138%, 01/19/25 (144A) (d)

    895,000        895,024   

2.179%, 04/17/26 (144A) (d)

    1,595,000        1,595,037   

2.229%, 01/16/27 (144A) (d)

    480,000        480,164   

2.530%, 07/15/23 (144A) (d)

    465,000        460,953   

Ares CLO, Ltd.
1.546%, 04/20/23 (144A) (d)

    850,761        847,310   

2.199%, 04/17/26 (144A) (d)

    1,475,000        1,475,093   

Atlas Senior Loan Fund, Ltd.
2.220%, 10/15/26 (144A) (d)

    1,190,000        1,190,371   

2.229%, 07/16/26 (144A) (d)

    615,000        615,022   

Atrium CDO Corp.
2.071%, 11/16/22 (144A) (d)

    550,000        549,994   

Avery Point CLO, Ltd.
2.235%, 04/25/26 (144A) (d)

    1,460,000        1,460,121   

Babson CLO, Ltd.
2.186%, 07/20/25 (144A) (d)

    340,000        340,015   

Battalion CLO, Ltd.
2.102%, 10/22/25 (144A) (d)

    615,000        615,000   

Asset-Backed - Other—(Continued)

  

Benefit Street Partners CLO, Ltd.
1.880%, 07/15/24 (144A) (d)

    320,000      318,478   

Carlyle Global Market Strategies CLO, Ltd.
2.204%, 04/27/27 (144A) (d)

    1,425,000        1,426,994   

Cent CLO, Ltd.
2.057%, 01/30/25 (144A) (d)

    1,135,000        1,132,526   

2.169%, 04/17/26 (144A) (d)

    1,345,000        1,365,276   

2.224%, 07/27/26 (144A) (d)

    940,000        939,989   

2.268%, 11/07/26 (144A) (d)

    760,000        759,215   

2.729%, 04/17/26 (144A) (d)

    530,000        529,997   

CIFC Funding, Ltd.
2.179%, 04/18/25 (144A) (d)

    1,585,000        1,585,051   

2.305%, 05/24/26 (144A) (d)

    1,580,000        1,580,120   

2.409%, 08/14/24 (144A) (d)

    985,000        985,096   

3.535%, 12/05/24 (144A) (d)

    950,000        944,924   

Consumer Credit Origination Loan Trust
2.820%, 03/15/21 (144A) (k)

    68,587        68,691   

Dryden Senior Loan Fund

   

2.110%, 07/15/27 (144A) (d)

    1,215,000        1,215,423   

2.160%, 07/15/26 (144A) (d)

    1,605,000        1,605,178   

Finance America Mortgage Loan Trust
1.575%, 09/25/33 (d) (f)

    99,723        93,328   

First Franklin Mortgage Loan Trust
0.835%, 09/25/36 (d) (f)

    560,000        391,671   

Flatiron CLO, Ltd.
2.579%, 07/17/26 (144A) (d)

    330,000        329,998   

Ford Credit Floorplan Master Owner Trust
3.500%, 01/15/19

    265,000        266,533   

Fremont Home Loan Trust
1.575%, 12/25/33 (d) (f)

    90,458        85,697   

Galaxy XV CLO, Ltd.
1.930%, 04/15/25 (144A) (d)

    400,000        398,080   

GMACM Home Equity Loan Trust
1.024%, 10/25/34 (144A) (d)

    94,599        87,880   

Green Tree Agency Advance Funding Trust
3.095%, 10/15/48 (144A)

    705,000        705,221   

Highbridge Loan Management, Ltd.
2.228%, 05/05/27 (144A) (d)

    895,000        894,993   

KKR Financial CLO, Ltd.
1.830%, 07/15/25 (144A) (d)

    565,000        564,467   

Knollwood CDO, Ltd.
3.861%, 01/10/39 (144A) (d)

    594,322        6   

Lehman XS Trust
1.045%, 11/25/35 (d) (f)

    239,867        161,963   

Limerock CLO, Ltd.
2.179%, 04/18/26 (144A) (d)

    1,590,000        1,590,466   

Madison Park Funding, Ltd.
1.995%, 10/23/25 (144A) (d)

    1,341,165        1,335,449   

2.196%, 07/20/26 (144A) (d)

    1,485,000        1,485,043   

Magnetite CLO, Ltd.
5.180%, 01/15/25 (144A) (d) (k)

    1,125,000        1,126,326   

Magnetite, Ltd.
2.135%, 07/25/26 (144A) (d)

    1,255,000        1,255,625   

2.160%, 04/15/26 (144A) (d)

    970,000        972,038   

2.180%, 04/15/27 (144A) (d)

    955,000        955,160   

2.665%, 07/25/26 (144A) (d)

    1,010,000        1,010,042   

 

MSF-142


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

Nationstar HECM Loan Trust
2.239%, 06/25/26 (144A)

    179,539      $ 179,764   

2.981%, 02/25/26 (144A)

    521,586        521,205   

Neuberger Berman CLO, Ltd.
2.238%, 08/04/25 (144A) (d)

    1,230,000        1,230,042   

NRZ Advance Receivables Trust Advance Receivables Backed
3.302%, 08/17/48 (144A)

    3,710,000        3,720,121   

Oak Hill Credit Partners, Ltd.
2.166%, 07/20/26 (144A) (d)

    455,000        455,015   

Oaktree EIF, Ltd.
2.367%, 02/15/26 (144A) (d)

    1,345,000        1,345,810   

OCP CLO, Ltd.
2.209%, 04/17/27 (144A) (d)

    1,230,000        1,230,258   

Octagon Investment Partners, Ltd.
1.799%, 07/17/25 (144A) (d)

    720,000        714,081   

OHA Credit Partners, Ltd.
1.816%, 04/20/25 (144A) (d)

    1,612,000        1,600,278   

OHA Loan Funding, Ltd.
2.087%, 08/23/24 (144A) (d)

    695,000        694,001   

2.317%, 02/15/27 (144A) (d)

    1,575,000        1,575,112   

OneMain Financial Issuance Trust
4.100%, 03/20/28 (144A)

    1,650,000        1,698,274   

OZLM Funding, Ltd.
1.852%, 07/22/25 (144A) (d)

    1,205,000        1,200,586   

OZLM XII, Ltd.
2.207%, 04/30/27 (144A) (d)

    1,360,000        1,360,413   

Race Point CLO, Ltd.
2.190%, 04/15/27 (144A) (d)

    1,610,000        1,610,509   

SBA Tower Trust
2.898%, 10/15/44 (144A)

    845,000        856,875   

Securitized Asset-Backed Receivables LLC Trust
0.615%, 07/25/36 (d) (f)

    559,534        275,856   

Seneca Park CLO, Ltd.
2.159%, 07/17/26 (144A) (d)

    1,095,000        1,095,033   

Shackleton CLO
2.159%, 07/17/26 (144A) (d)

    1,105,000        1,096,259   

SoFi Consumer Loan Program LLC
3.090%, 10/27/25 (144A) (k)

    1,015,000        1,017,000   

Sound Point CLO, Ltd.
2.067%, 01/21/26 (144A) (d)

    1,415,000        1,410,577   

2.210%, 04/15/27 (144A) (d)

    1,315,000        1,314,995   

SpringCastle America Funding LLC
2.700%, 05/25/23 (144A) (k)

    549,060        550,842   

Springleaf Funding Trust
2.410%, 12/15/22 (144A)

    584,127        584,874   

SPS Servicer Advance Receivables Trust
2.920%, 07/15/47 (144A)

    1,185,000        1,187,723   

Symphony CLO, Ltd.
2.153%, 07/14/26 (144A) (d)

    1,295,000        1,295,517   

2.224%, 01/09/23 (144A) (d)

    1,280,000        1,275,220   

Treman Park CLO LLC
2.196%, 04/20/27 (144A) (d)

    1,350,000        1,350,468   

Asset-Backed - Other—(Continued)

  

Voya CLO, Ltd.
2.159%, 04/18/27 (144A) (d)

    1,265,000      1,265,027   

2.779%, 04/18/27 (144A) (d)

    440,000        440,013   
   

 

 

 
      74,182,788   
   

 

 

 

Total Asset-Backed Securities
(Cost $80,394,896)

      79,859,415   
   

 

 

 
Mortgage-Backed Securities—5.0%   

Collateralized Mortgage Obligations—2.2%

  

Adjustable Rate Mortgage Trust
0.784%, 01/25/36 (d)

    68,841        57,217   

0.795%, 11/25/35 (d)

    425,081        392,438   

1.025%, 01/25/36 (d)

    330,722        283,937   

3.974%, 11/25/37 (144A) (d)

    207,869        173,927   

Banc of America Funding Trust
0.762%, 02/20/47 (d)

    1,483,104        1,284,740   

Bear Stearns Adjustable Rate Mortgage Trust
3.193%, 07/25/36 (d)

    613,078        532,451   

Bear Stearns ALT-A Trust
1.005%, 02/25/36 (d)

    878,214        752,032   

Bear Stearns Mortgage Funding Trust
0.705%, 10/25/36 (d)

    480,919        389,469   

0.725%, 02/25/37 (d)

    977,878        786,645   

CHL Mortgage Pass-Through Trust
2.817%, 03/20/36 (d)

    92,737        75,354   

Countrywide Alternative Loan Trust
0.795%, 01/25/36 (d)

    340,122        279,741   

0.844%, 11/25/35 (d)

    177,168        142,186   

0.925%, 10/25/36 (d)

    48,888        30,309   

1.325%, 12/25/35 (d)

    263,381        203,305   

5.500%, 11/25/35

    1,099,744        963,895   

5.500%, 12/25/35

    129,549        108,348   

5.750%, 05/25/36

    78,808        61,193   

6.000%, 12/25/36

    208,030        131,740   

Countrywide Home Loan Mortgage Pass-Through Trust
0.725%, 04/25/46 (d)

    422,184        311,875   

1.205%, 02/25/35 (d)

    203,261        178,355   

1.205%, 03/25/35 (d)

    203,706        159,238   

2.911%, 06/20/35 (d)

    31,392        29,222   

3.027%, 09/25/47 (d)

    870,526        770,556   

Deutsche ALT-A Securities Mortgage Loan Trust
0.675%, 12/25/36 (d)

    508,568        416,282   

DSLA Mortgage Loan Trust
1.409%, 03/19/46 (d)

    889,071        722,966   

GSR Mortgage Loan Trust
0.825%, 01/25/37 (d)

    1,075,824        666,037   

1.025%, 11/25/35 (d)

    625,415        413,204   

2.952%, 01/25/36 (d)

    890,288        822,029   

6.000%, 07/25/37

    457,618        413,313   

HarborView Mortgage Loan Trust
1.231%, 01/19/35 (d)

    105,059        69,116   

 

MSF-143


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

IndyMac INDX Mortgage Loan Trust
0.715%, 04/25/37 (d)

    60,353      $ 43,967   

3.149%, 10/25/35 (d)

    86,435        73,537   

JPMorgan Mortgage Trust
2.964%, 05/25/36 (d)

    56,887        50,528   

Lehman XS Trust
0.715%, 11/25/46 (d) (f)

    993,160        818,530   

0.765%, 06/25/47 (d)

    880,908        602,316   

LSTAR Securities Investment Trust
2.523%, 01/01/20 (144A) (d)

    1,187,240        1,177,019   

LSTAR Securities Investment, Ltd.
2.494%, 04/01/20 (144A) (d)

    1,541,841        1,522,568   

2.523%, 10/01/20 (144A) (d)

    1,401,190        1,379,953   

2.528%, 09/01/21 (144A) (d) (k)

    575,000        566,555   

Luminent Mortgage Trust
0.725%, 10/25/46 (d)

    154,046        131,509   

0.785%, 11/25/35 (d)

    77,763        69,863   

MASTR Adjustable Rate Mortgages Trust
0.765%, 05/25/37 (d)

    159,172        95,834   

2.787%, 09/25/33 (d)

    135,771        129,410   

Morgan Stanley Mortgage Loan Trust
3.127%, 05/25/36 (d)

    535,655        376,164   

New Residential Mortgage Loan Trust
3.750%, 11/25/35 (144A) (d)

    1,450,082        1,506,310   

Nomura Asset Acceptance Corp. Alternative Loan Trust
3.807%, 06/25/36 (d)

    80,739        60,521   

Residential Accredit Loans, Inc. Trust
0.745%, 02/25/46 (d)

    464,900        204,593   

0.825%, 04/25/36 (d)

    809,944        582,387   

1.307%, 09/25/46 (d)

    608,681        431,641   

6.000%, 12/25/35

    435,651        376,490   

Residential Asset Securitization Trust
0.975%, 03/25/35 (d)

    338,071        266,158   

RFMSI Trust
3.246%, 08/25/35 (d)

    126,297        93,646   

Structured Adjustable Rate Mortgage Loan Trust
0.825%, 09/25/34 (d)

    99,106        85,749   

Structured Asset Mortgage Investments Trust
0.755%, 02/25/36 (d)

    177,418        142,510   

Towd Point Mortgage Trust
2.250%, 08/25/55 (144A) (d)

    1,316,912        1,316,314   

2.750%, 02/25/55 (144A) (d)

    338,968        342,720   

2.750%, 08/25/55 (144A) (d)

    1,038,814        1,052,597   

3.000%, 03/25/54 (144A) (d)

    82,628        84,372   

WaMu Mortgage Pass-Through Certificates Trust

   

Zero Coupon, 06/25/44 (d)

    169,993        157,506   

1.309%, 12/25/46 (d)

    128,524        99,534   

1.487%, 07/25/46 (d)

    109,985        88,861   

2.193%, 11/25/46 (d)

    112,071        99,683   

2.540%, 06/25/37 (d)

    212,441        189,762   

Washington Mutual Mortgage Pass-Through Certificates
1.125%, 07/25/36 (d)

    157,728        87,192   

Collateralized Mortgage Obligations—(Continued)

  

Wells Fargo Alternative Loan Trust
3.081%, 12/28/37 (d)

    34,438      29,953   

Wells Fargo Mortgage-Backed Securities Trust
3.068%, 10/25/35 (d)

    1,541,000        1,469,774   

3.227%, 10/25/36 (d)

    437,170        402,988   
   

 

 

 
      27,830,134   
   

 

 

 

Commercial Mortgage-Backed Securities—2.8%

  

Banc of America Commercial Mortgage Trust
3.262%, 09/15/48 (144A) (d) (k)

    548,000        302,607   

3.705%, 09/15/48

    150,000        165,211   

5.492%, 02/10/51

    615,252        629,487   

BB-UBS Trust
3.430%, 11/05/36 (144A)

    2,520,000        2,679,840   

Bear Stearns Commercial Mortgage Securities Trust
5.302%, 10/12/42 (d)

    145,000        143,693   

CD Mortgage Trust
6.320%, 11/15/44 (d)

    80,000        83,376   

Citigroup Commercial Mortgage Trust
1.270%, 07/10/47 (d) (e)

    4,594,147        288,641   

1.307%, 04/10/48 (d) (e)

    5,046,369        346,022   

2.935%, 04/10/48

    85,000        87,854   

3.110%, 04/10/48 (144A)

    245,000        170,818   

3.192%, 04/10/48

    125,000        131,518   

3.762%, 06/10/48

    295,000        323,461   

3.818%, 11/10/48

    220,000        242,530   

3.855%, 05/10/47

    25,000        27,468   

4.566%, 03/10/47 (144A) (d) (k)

    130,000        91,316   

COBALT CMBS Commercial Mortgage Trust
5.254%, 08/15/48

    121,307        121,289   

Commercial Mortgage Pass-Through Certificates Mortgage Trust
0.994%, 02/10/47 (d) (e)

    3,863,184        137,796   

2.064%, 10/15/45 (d) (e)

    452,567        34,060   

2.853%, 10/15/45

    160,000        166,992   

3.101%, 03/10/46

    145,000        152,683   

3.183%, 02/10/48

    145,000        152,962   

3.213%, 03/10/46

    280,000        296,794   

3.288%, 12/10/44

    80,000        85,137   

3.350%, 02/10/48

    320,000        338,634   

3.424%, 03/10/31 (144A)

    1,065,000        1,135,562   

3.612%, 06/10/46 (d)

    245,000        265,675   

3.620%, 07/10/50

    130,000        140,260   

3.694%, 08/10/47

    395,000        427,007   

3.796%, 08/10/47

    225,000        246,455   

3.961%, 03/10/47

    95,125        104,819   

4.074%, 02/10/47 (d)

    115,000        128,038   

4.205%, 08/10/46

    100,035        112,031   

4.236%, 02/10/47 (d)

    100,000        112,388   

4.724%, 10/15/45 (144A) (d) (k)

    165,000        107,299   

4.750%, 10/15/45 (144A) (d) (k)

    220,000        136,508   

6.296%, 12/10/49 (d)

    420,609        432,762   

 

MSF-144


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Commercial Mortgage Trust
3.902%, 07/10/50

    210,000      $ 230,909   

4.210%, 08/10/46 (d)

    175,000        196,181   

Credit Suisse Commercial Mortgage Trust
5.881%, 06/15/39 (d)

    203,074        205,193   

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

    1,773        1,772   

4.877%, 04/15/37

    42,691        38,635   

CSAIL Commercial Mortgage Trust
1.027%, 06/15/57 (d) (e)

    13,318,892        714,408   

1.212%, 11/15/48 (d) (e)

    1,161,817        77,033   

3.506%, 08/15/48 (d)

    175,000        131,056   

3.718%, 08/15/48

    1,553,000        1,702,668   

FREMF Mortgage Trust
5.417%, 09/25/43 (144A) (d)

    855,000        937,000   

GE Commercial Mortgage Corp. Trust
5.606%, 12/10/49 (d)

    65,000        64,347   

GS Mortgage Securities Corp.
2.954%, 11/05/34 (144A)

    1,200,000        1,244,760   

GS Mortgage Securities Corp. II
2.943%, 02/10/46

    20,000        20,932   

GS Mortgage Securities Corp. Trust
3.633%, 06/05/31 (144A)

    130,000        132,749   

GS Mortgage Securities Trust
0.269%, 07/10/46 (d) (e)

    12,583,785        82,703   

1.540%, 08/10/44 (144A) (d) (e)

    1,055,896        55,922   

3.582%, 06/10/47 (144A) (k)

    195,000        115,669   

3.674%, 04/10/47 (144A) (k)

    235,000        123,138   

4.661%, 11/10/47 (144A) (d)

    205,000        166,856   

5.029%, 04/10/47 (144A) (d) (k)

    585,000        415,733   

Hilton USA Trust
2.662%, 11/05/30 (144A)

    1,055,000        1,054,814   

3.273%, 11/05/30 (144A) (d)

    231,212        231,212   

JPMBB Commercial Mortgage Securities Trust
1.013%, 09/15/47 (d) (e)

    4,775,983        180,346   

3.611%, 05/15/48

    150,000        162,225   

3.775%, 08/15/47

    160,000        175,156   

3.880%, 10/15/48 (144A) (d)

    220,000        163,437   

JPMorgan Chase Commercial Mortgage Securities Corp.
4.563%, 12/15/47 (144A) (d) (k)

    245,000        197,378   

JPMorgan Chase Commercial Mortgage Securities Trust
2.018%, 02/12/51 (d)

    1,611,124        1,568,784   

2.733%, 10/15/45 (144A) (d) (k)

    400,000        129,000   

3.905%, 05/05/30 (144A)

    881,838        949,379   

4.000%, 08/15/46 (144A) (d) (k)

    105,000        86,103   

5.336%, 05/15/47

    421,160        421,226   

6.068%, 02/12/51

    192,976        197,922   

LB-UBS Commercial Mortgage Trust
6.287%, 04/15/41 (d)

    360,561        376,218   

ML-CFC Commercial Mortgage Trust
5.419%, 08/12/48

    190,000        191,594   

Commercial Mortgage-Backed Securities—(Continued)

  

Morgan Stanley Bank of America Merrill Lynch Trust
1.271%, 10/15/48 (d) (e)

    915,013      67,098   

1.299%, 12/15/47 (d) (e)

    2,946,009        174,455   

2.918%, 02/15/46

    130,000        136,248   

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

    180,000        128,914   

3.134%, 12/15/48

    315,000        333,567   

3.176%, 08/15/45

    245,000        259,996   

3.766%, 11/15/46

    180,000        198,096   

4.064%, 02/15/47

    85,000        95,022   

4.259%, 10/15/46 (d)

    115,000        130,057   

4.500%, 08/15/45 (144A) (k)

    250,000        180,798   

Morgan Stanley Capital Trust
5.324%, 07/15/49 (144A) (d) (k)

    265,000        209,307   

5.403%, 10/12/52 (144A) (d)

    135,000        125,289   

5.569%, 12/15/44

    461,716        473,163   

5.692%, 04/15/49 (d)

    1,525,000        1,541,599   

6.477%, 01/11/43 (144A) (d)

    100,000        99,267   

Morgan Stanley Re-REMIC Trust
5.988%, 08/12/45 (144A) (d)

    196,385        198,509   

5.988%, 08/15/45 (144A) (d)

    126,787        128,159   

SFAVE Commercial Mortgage Securities Trust
3.872%, 01/05/43 (144A) (d)

    250,000        258,871   

UBS-Barclays Commercial Mortgage Trust
3.091%, 08/10/49

    355,000        374,611   

3.185%, 03/10/46

    155,000        163,784   

3.244%, 04/10/46

    220,119        233,260   

4.223%, 03/10/46 (144A) (d) (k)

    155,000        108,680   

VNDO Mortgage Trust
2.996%, 11/15/30 (144A)

    1,105,000        1,156,317   

Wells Fargo Commercial Mortgage Trust
1.334%, 05/15/48 (d) (e)

    3,931,470        270,800   

1.337%, 09/15/57 (d) (e)

    8,470,245        563,627   

2.881%, 05/15/48 (144A) (d) (k)

    510,000        261,979   

2.918%, 10/15/45

    320,000        335,647   

3.356%, 09/15/58 (144A) (k)

    245,000        140,163   

3.637%, 06/15/48

    190,000        205,494   

3.839%, 09/15/58

    185,000        203,053   

3.957%, 12/15/47 (144A) (d)

    72,000        56,258   

4.241%, 05/15/48 (d)

    80,000        65,541   

4.366%, 06/15/48 (d)

    150,000        119,571   

WF-RBS Commercial Mortgage Trust
1.563%, 03/15/47 (d) (e)

    2,415,975        156,018   

2.870%, 11/15/45

    400,000        419,266   

2.875%, 12/15/45

    175,000        182,117   

3.016%, 11/15/47 (144A) (k)

    550,000        274,772   

3.071%, 03/15/45

    185,000        194,252   

3.607%, 11/15/47

    190,000        204,672   

3.723%, 05/15/47

    145,000        157,842   

3.995%, 05/15/47

    160,281        177,459   

4.101%, 03/15/47

    335,000        372,819   

4.492%, 03/15/48 (144A) (d)

    55,000        52,137   

4.902%, 06/15/44 (144A) (d)

    145,000        162,951   

5.000%, 06/15/44 (144A) (d) (k)

    105,000        91,387   

 

MSF-145


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

WF-RBS Commercial Mortgage Trust
5.000%, 04/15/45 (144A) (d) (k)

    130,000      $ 77,125   

5.771%, 04/15/45 (144A) (d)

    255,000        262,722   
   

 

 

 
      35,074,190   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $63,344,518)

      62,904,324   
   

 

 

 
Floating Rate Loans (m)—2.2%   

Advertising—0.0%

  

inVentiv Health, Inc.
Term Loan B, 09/28/23 (n)

    345,000        346,437   
   

 

 

 

Aerospace/Defense—0.0%

  

Transdigm, Inc.
Term Loan E, 3.750%, 05/14/22

    394,288        395,069   
   

 

 

 

Agriculture—0.0%

  

American Rock Salt Holdings LLC
1st Lien Term Loan, 4.750%, 05/20/21

    283,475        274,676   

Incremental Term Loan, 4.750%, 05/20/21

    123,111        119,248   
   

 

 

 
      393,924   
   

 

 

 

Airlines—0.0%

  

American Airlines, Inc.
Term Loan B, 3.502%, 04/28/23

    100,000        100,391   
   

 

 

 

Auto Manufacturers—0.0%

  

FCA U.S. LLC
Term Loan B, 3.250%, 12/31/18

    512,322        513,510   
   

 

 

 

Chemicals—0.1%

  

Chemours Co. (The)
Term Loan B, 3.750%, 05/12/22

    257,078        255,021   

Ineos U.S. Finance LLC
Term Loan, 3.750%, 05/04/18

    1,027,532        1,031,492   

Nexeo Solutions LLC
Term Loan, 5.250%, 06/09/23

    169,575        171,059   
   

 

 

 
      1,457,572   
   

 

 

 

Coal—0.0%

  

Arch Coal, Inc.
Delayed Draw Term Loan,
5.000%, 01/31/17 (f) (o)

    75,000        75,328   

Term Loan B,
7.500%, 05/16/18

    318,416        242,792   
   

 

 

 
      318,120   
   

 

 

 

Commercial Services—0.1%

  

Acosta Holdco, Inc.
Term Loan, 4.250%, 09/26/21

    181,774        173,594   

Brickman Group, Ltd. LLC
1st Lien Term Loan, 4.000%, 12/18/20

    299,233        298,832   

Commercial Services—(Continued)

  

Jaguar Holding Co. II
Term Loan B, 4.250%, 08/18/22

    133,025      133,607   

Moneygram International, Inc.
Term Loan B, 4.250%, 03/27/20

    102,572        99,751   

ON Assignment, Inc.
Term Loan, 3.500%, 06/03/22

    113,867        114,792   

WEX, Inc.
Term Loan B, 4.250%, 07/01/23

    418,950        424,187   
   

 

 

 
      1,244,763   
   

 

 

 

Computers—0.0%

  

Dell, Inc.
Term Loan B, 4.000%, 09/07/23

    165,000        166,143   
   

 

 

 

Cosmetics/Personal Care—0.0%

  

Coty, Inc.
Term Loan B, 3.750%, 10/27/22

    44,775        44,980   

Galleria Co.
Term Loan B, 3.750%, 01/26/23

    90,000        90,561   

Revlon Consumer Products Corp.
Term Loan B, 4.250%, 09/07/23

    245,000        245,963   
   

 

 

 
      381,504   
   

 

 

 

Diversified Financial Services—0.0%

  

Russell Investment Group
Term Loan B, 6.750%, 06/01/23

    134,663        133,905   
   

 

 

 

Diversified Telecommunication Services—0.1%

  

Level 3 Financing, Inc.
Term Loan B2, 3.500%, 05/31/22

    565,000        568,884   
   

 

 

 

Electric—0.1%

  

Calpine Construction Finance Co. L.P.
Term Loan B2, 3.340%, 01/31/22

    835,972        830,956   

Energy Future Intermediate Holding Co. LLC
Term Loan, 4.250%, 12/19/16

    100,000        100,417   

NRG Energy, Inc.
Term Loan B, 3.500%, 06/30/23

    249,375        250,284   

Texas Competitive Electric Holdings Co. LLC
Term Loan B, 5.000%, 10/31/17

    145,000        146,087   

Term Loan C, 5.000%, 10/31/17

    35,000        35,263   
   

 

 

 
      1,363,007   
   

 

 

 

Electronics—0.0%

  

Sensus USA, Inc.
Term Loan, 6.500%, 04/05/23

    129,675        130,540   
   

 

 

 

Energy Equipment & Services—0.0%

  

Chief Exploration & Development LLC
2nd Lien Term Loan, 7.753%, 05/16/21

    105,000        96,206   

Seadrill Partners Finco LLC
Term Loan B, 4.000%, 02/21/21

    422,938        212,923   
   

 

 

 
      309,129   
   

 

 

 

 

MSF-146


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Floating Rate Loans (m)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Food—0.1%

  

Albertson’s LLC
Term Loan B4, 4.500%, 08/25/21

    191,098      $ 192,483   

Aramark Services, Inc.
Term Loan F, 3.338%, 02/24/21

    483,600        486,622   

Hostess Brands LLC
1st Lien Term Loan, 4.500%, 08/03/22

    99,000        99,681   

JBS USA LLC Incremental
Term Loan, 3.750%, 09/18/20

    565,740        565,740   

Term Loan B, 4.000%, 10/30/22

    218,350        218,893   
   

 

 

 
      1,563,419   
   

 

 

 

Healthcare-Services—0.2%

  

Community Health Systems, Inc.
Term Loan H, 4.000%, 01/27/21

    138,250        135,986   

Envision Healthcare Corp.
Term Loan B2, 4.500%, 10/28/22

    158,800        159,582   

IMS Health, Inc.
Term Loan, 3.500%, 03/17/21

    936,000        940,875   

Medpace Holdings, Inc.
1st Lien Term Loan, 4.750%, 04/01/21

    90,283        90,452   

MPH Acquisition Holdings LLC
Term Loan B, 5.000%, 06/07/23

    172,219        174,587   

Ortho-Clinical Diagnostics, Inc.
Term Loan B, 4.750%, 06/30/21

    135,109        132,716   

U.S. Renal Care, Inc.
Term Loan B, 5.250%, 12/31/22

    258,050        248,825   
   

 

 

 
      1,883,023   
   

 

 

 

Insurance—0.2%

  

Asurion LLC
2nd Lien Term Loan, 8.500%, 03/03/21

    385,000        383,364   

Term Loan B1, 5.000%, 05/24/19

    100,329        100,726   

Term Loan B2, 4.338%, 07/08/20

    288,317        289,217   

Term Loan B4, 5.000%, 08/04/22

    329,378        331,282   

Camelot UK Holdco, Ltd.
Term Loan B, 09/07/23 (n)

    110,000        110,189   

Hub International, Ltd.
Term Loan B, 4.000%, 10/02/20

    340,025        340,371   

Sedgwick Claims Management Services, Inc.
1st Lien Term Loan, 3.750%, 03/01/21

    791,195        785,756   

2nd Lien Term Loan, 6.750%, 02/28/22

    205,000        204,359   
   

 

 

 
      2,545,264   
   

 

 

 

Internet & Direct Marketing Retail—0.0%

  

Lands’ End, Inc.
Term Loan B, 4.250%, 04/04/21

    209,428        165,710   
   

 

 

 

Leisure Time—0.1%

  

Aristocrat Technologies, Inc.
Term Loan B, 3.500%, 10/20/21

    173,077        173,888   

Delta 2 (LUX) S.a.r.l.
2nd Lien Term Loan, 7.750%, 07/31/22

    165,000        165,774   

Term Loan B3, 4.750%, 07/30/21

    500,000        501,094   
   

 

 

 
      840,756   
   

 

 

 

Lodging—0.1%

  

Boyd Gaming Corp.
Term Loan B2, 3.524%, 09/15/23

    135,000      136,080   

La Quinta Intermediate Holdings LLC
Term Loan B, 3.750%, 04/14/21

    518,859        517,345   

MGM Growth Properties Operating Partnership L.P.
Term Loan B, 4.000%, 04/25/23

    223,875        226,114   
   

 

 

 
      879,539   
   

 

 

 

Machinery-Diversified—0.1%

  

Gardner Denver, Inc.
Term Loan, 4.250%, 07/30/20

    559,148        542,932   

PRA Holdings, Inc.
1st Lien Term Loan, 4.500%, 09/23/20

    252,232        253,696   
   

 

 

 
      796,628   
   

 

 

 

Media—0.1%

  

Advantage Sales & Marketing, Inc.
1st Lien Term Loan, 4.250%, 07/23/21

    201,220        199,334   

Charter Communications Operating LLC
Term Loan I, 3.500%, 01/24/23

    238,800        240,608   

Mission Broadcasting, Inc.
Term Loan B2, 09/26/23 (n)

    10,000        10,060   

Nexstar Broadcasting, Inc.
Term Loan B, 09/21/23 (n)

    101,182        101,798   
   

 

 

 
      551,800   
   

 

 

 

Oil & Gas—0.1%

  

California Resources Corp.
Second Out Term Loan,
11.375%, 12/31/21

    130,000        136,879   

Calpine Corp.
Term Loan B7, 3.840%, 05/31/23

    154,613        155,772   

Chesapeake Energy Corp.
Term Loan, 8.500%, 08/23/21

    110,000        115,555   

Fieldwood Energy LLC
1st Lien Term Loan, 3.875%, 10/01/18

    499,780        439,807   

Paragon Offshore Finance Co.
Term Loan B, 5.250%, 07/18/21

    98,750        24,605   

Templar Energy LLC
2nd Lien Term Loan, 8.500%, 11/25/20

    100,000        24,875   
   

 

 

 
      897,493   
   

 

 

 

Packaging & Containers—0.1%

  

Berry Plastics Holding Corp.
Term Loan D, 3.500%, 02/08/20

    291,688        292,462   

Caesars Growth Properties Holdings LLC
Term Loan, 6.250%, 05/08/21

    210,163        208,061   

Reynolds Group Holdings, Inc.
Term Loan, 02/05/23 (n)

    410,000        411,747   

Signode Industrial Group U.S., Inc.
Term Loan B, 3.750%, 05/01/21

    211,037        211,169   
   

 

 

 
      1,123,439   
   

 

 

 

 

MSF-147


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Floating Rate Loans (m)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—0.1%

  

Endo Luxembourg Finance Co. I S.a.r.l.
Term Loan B, 3.750%, 09/26/22

    322,563      $ 322,274   

Grifols Worldwide Operations USA, Inc.
Term Loan B, 3.448%, 02/27/21

    633,750        640,301   

Valeant Pharmaceuticals International, Inc.
Term Loan B F1, 5.500%, 04/01/22

    150,486        151,126   

Vizient, Inc. 1st Lien
Term Loan, 6.250%, 02/13/23

    87,985        89,085   
   

 

 

 
      1,202,786   
   

 

 

 

Pipelines—0.0%

  

Energy Transfer Equity L.P.
Term Loan, 3.292%, 12/02/19

    325,000        322,441   
   

 

 

 

Professional Services—0.0%

  

TransUnion LLC
Term Loan B2, 3.588%, 04/09/21

    428,375        430,326   
   

 

 

 

Real Estate—0.0%

  

DTZ U.S. Borrower LLC
1st Lien Term Loan,
4.250%, 11/04/21

    148,125        148,264   
   

 

 

 

Retail—0.2%

  

Harbor Freight Tools USA, Inc.
Term Loan B, 4.000%, 08/19/23

    120,000        120,814   

J. Crew Group, Inc.
Term Loan B, 4.000%, 03/05/21

    314,863        249,979   

Michaels Stores, Inc.
Term Loan B1, 01/27/23 (n)

    100,441        100,881   

Neiman Marcus Group, Inc. (The)
Term Loan, 4.250%, 10/25/20

    628,875        582,945   

Party City Holdings, Inc.
Term Loan B, 4.470%, 08/19/22

    614,310        616,943   

PetSmart, Inc.
Term Loan B1, 4.250%, 03/11/22

    140,725        141,165   

Yum! Brands, Inc.
1st Lien Term Loan B, 3.281%, 06/16/23

    109,725        110,763   
   

 

 

 
      1,923,490   
   

 

 

 

Semiconductors—0.1%

  

Avago Technologies Cayman, Ltd.
Term Loan B3,
3.524%, 02/01/23

    195,669        198,237   

Entegris, Inc.
Term Loan B, 3.500%, 04/30/21

    275,732        277,282   

NXP B.V.
Term Loan F, 3.405%, 12/07/20

    103,974        104,600   

ON Semiconductor Corp.
Incremental Term Loan, 03/31/23 (n)

    110,000        110,596   
   

 

 

 
      690,715   
   

 

 

 

Software—0.2%

  

First Data Corp.
Term Loan, 4.275%, 07/08/22

    820,000      825,865   

Infor (U.S.), Inc.
Term Loan B5, 3.750%, 06/03/20

    327,976        326,043   

Kronos, Inc.
2nd Lien Term Loan, 9.750%, 04/30/20

    154,834        158,241   

Incremental Term Loan,
4.500%, 10/30/19

    398,363        400,044   

SS&C Technologies, Inc.
Term Loan B1, 4.000%, 07/08/22

    192,657        194,377   

Term Loan B2, 4.000%, 07/08/22

    23,104        23,310   
   

 

 

 
      1,927,880   
   

 

 

 

Telecommunications—0.1%

  

CSC Holdings LLC
Term Loan B, 5.000%, 10/09/22

    164,588        165,205   

UPC Financing Partnership
Term Loan AN, 4.080%, 08/31/24

    210,000        211,149   

XO Communications LLC
Term Loan, 4.250%, 03/17/21

    365,625        366,196   

Ziggo Financing Partnership
Term Loan B1, 3.652%, 01/15/22

    536,191        536,108   

Term Loan B2A, 3.652%, 01/15/22

    317,766        317,716   

Term Loan B3, 3.701%, 01/15/22

    98,739        98,723   
   

 

 

 
      1,695,097   
   

 

 

 

Trading Companies & Distributors—0.0%

  

Neff Rental LLC
2nd Lien Term Loan, 7.250%, 06/09/21

    103,402        101,248   
   

 

 

 

Transportation—0.0%

  

Kenan Advantage Group, Inc.
Strip Delayed Draw Term Loan, 1.500%, 01/31/17 (o)

    5,267        5,252   

Term Loan, 4.000%, 07/31/22

    83,456        83,221   

Term Loan B, 4.000%, 07/31/22

    31,058        30,971   
   

 

 

 
      119,444   
   

 

 

 

Total Floating Rate Loans
(Cost $28,156,325)

      27,631,660   
   

 

 

 
Foreign Government—1.0%   

Banks—0.1%

  

Bank of Thailand
1.490%, 02/23/18 (THB)

    44,465,000        1,281,739   
   

 

 

 

Sovereign—0.9%

  

Argentine Republic Government International Bond
2.260%, 12/31/38 (EUR) (i) (p)

    765,000        563,742   

 

MSF-148


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Foreign Government—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Sovereign—(Continued)

  

Brazil Notas do Tesouro Nacional
6.000%, 05/15/17 (BRL) (i)

    3,086,000      $ 2,845,763   

6.000%, 08/15/22 (BRL) (i)

    1,119,000        1,012,350   

Colombian TES
4.250%, 05/17/17 (COP) (i)

    2,162,430,330        753,275   

Indonesia Treasury Bonds
8.250%, 07/15/21 (IDR)

    10,973,000,000        887,021   

8.375%, 03/15/24 (IDR)

    11,367,000,000        941,952   

Mexico Government International Bonds
4.750%, 03/08/44

    110,000        113,988   

5.750%, 10/12/2110

    660,000        697,950   

Qatar Government International Bond
4.625%, 06/02/46 (144A)

    285,000        311,362   

Romania Treasury Bills
0.561%, 08/28/17 (RON) (q)

    4,035,000        1,013,815   

0.581%, 06/26/17 (RON) (q)

    8,195,000        2,062,178   

South Africa Government International Bond
4.300%, 10/12/28

    680,000        668,828   

Uruguay Government International Bond
3.700%, 06/26/37 (UYU) (i)

    19,237,218        549,203   
   

 

 

 
      12,421,427   
   

 

 

 

Total Foreign Government
(Cost $13,474,069)

      13,703,166   
   

 

 

 
Municipals—0.4%   

Chicago Transit Authority Transfer Tax Receipts Revenue
6.899%, 12/01/40

    805,000        1,058,974   

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

    55,000        74,246   

Puerto Rico Commonwealth Government Employees Retirement System
6.150%, 07/01/38 (f)

    1,990,000        756,200   

6.200%, 07/01/39 (f)

    955,000        362,900   

6.550%, 07/01/58 (f)

    315,000        119,700   

State of California General Obligation Unlimited, Build America Bonds
7.350%, 11/01/39

    1,420,000        2,171,904   

7.600%, 11/01/40

    180,000        291,804   

State of Illinois General Obligation Unlimited
5.665%, 03/01/18

    300,000        314,625   

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

    115,000        110,860   
   

 

 

 

Total Municipals
(Cost $5,326,049)

      5,261,213   
   

 

 

 
Purchased Options—0.0%   
Security Description   Principal/
Notional
Amount*
    Value  

Currency Options—0.0%

  

CNH Put/JPY Call, Strike Price JPY 14.93, Expires 11/10/16 (Counterparty - Goldman Sachs International) (CNH) (f)

    5,561,000      9,221   

CNH Put/JPY Call, Strike Price JPY 14.95, Expires 11/10/16 (Counterparty - JPMorgan Chase Bank N.A.) (CNH) (f)

    5,561,000        9,626   

CNH Put/JPY Call, Strike Price JPY 15.14, Expires 11/10/16 (Counterparty - Goldman Sachs International) (CNH) (f)

    5,561,000        13,853   

USD Put/PHP Call, Strike Price PHP 47.79, Expires 10/14/16 (Counterparty - Goldman Sachs International) (f)

    1,509,000        2,268   

USD Put/PHP Call, Strike Price PHP 47.81, Expires 10/14/16 (Counterparty - JPMorgan Chase Bank N.A.) (f)

    3,018,000        4,781   

USD Put/PHP Call, Strike Price PHP 47.91, Expires 10/21/16 (Counterparty - Bank of America N.A.) (f)

    1,508,000        4,331   
   

 

 

 

Total Purchased Options
(Cost $94,355)

      44,080   
   

 

 

 
Short-Term Investments—3.6%   

Certificate of Deposit—0.8%

  

Canadian Imperial Bank of Commerce (NY)
0.380%, 10/06/16

    4,350,000        4,350,000   

DnB Bank ASA
0.400%, 10/12/16

    2,900,000        2,900,000   

Sumitomo Mitsui Banking Corp. (NY)
0.420%, 10/12/16

    2,900,000        2,900,000   
   

 

 

 
      10,150,000   
   

 

 

 

Repurchase Agreement—2.8%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $35,111,047 on 10/03/16, collateralized by $35,285,000 U.S. Treasury Note at 1.375% due 01/31/21 with a value of $35,814,275.

    35,110,959        35,110,959   
   

 

 

 

Total Short-Term Investments
(Cost $45,260,959)

      45,260,959   
   

 

 

 
Securities Lending Reinvestments (r)—2.2%   

Certificates of Deposit—0.2%

  

Bank of Montreal
0.500%, 10/24/16

    250,000        250,000   

Chiba Bank, Ltd., New York
0.870%, 11/30/16

    300,000        300,051   

DZ Bank AG
0.950%, 01/03/17

    250,000        250,000   

 

MSF-149


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (r)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Certificates of Deposit—(Continued)

  

KBC Bank NV
1.000%, 01/04/17

    250,000      $ 250,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    200,000        200,000   

National Bank of Canada
0.480%, 10/28/16

    250,000        249,998   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    300,000        300,009   

Swedbank
0.350%, 10/03/16

    200,000        200,000   
   

 

 

 
      2,000,058   
   

 

 

 

Commercial Paper—0.1%

  

Credit Suisse AG
0.971%, 10/19/16

    250,000        249,997   

Manhattan Asset Funding
0.740%, 11/28/16

    400,000        399,604   

Victory Receivables Corp.
1.050%, 01/04/17

    300,000        299,239   
   

 

 

 
      948,840   
   

 

 

 

Repurchase Agreements—1.7%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $2,500,194 on 10/03/16, collateralized by $2,362,538 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $2,550,001.

    2,500,000        2,500,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $2,500,174 on 10/03/16, collateralized by $2,454,308 Corporate and Foreign Bonds with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $2,550,002.

    2,500,000        2,500,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $1,000,042 on 10/03/16, collateralized by $972,192 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $1,020,000.

    1,000,000        1,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $2,500,094 on 10/03/16, collateralized by $1,972,000 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $2,550,035.

    2,500,000        2,500,000   

Repurchase Agreements—(Continued)

  

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $3,600,296 on 10/03/16, collateralized by $3,436,844 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $3,673,536.

    3,600,000      3,600,000   

Merrill Lynch, Pierce, Fenner & Smith Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $25,502 on 10/03/16, collateralized by $21,068 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $26,011.

    25,500        25,500   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $3,500,204 on 10/03/16, collateralized by $5,598,463 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $3,570,208.

    3,500,000        3,500,000   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $900,065 on 10/04/16, collateralized by $865,596 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $918,000.

    900,000        900,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $2,000,087 on 10/03/16, collateralized by $2,823,751 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $2,040,000.

    2,000,000        2,000,000   

RBS Securities Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $2,500,096 on 10/03/16, collateralized by $2,340,450 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $2,550,051.

    2,500,000        2,500,000   
   

 

 

 
      21,025,500   
   

 

 

 

Time Deposits—0.2%

  

ANZ London
0.420%, 10/03/16

    86,392        86,392   

Canadian Imperial Bank
0.260%, 10/03/16

    1,000,000        1,000,000   

 

MSF-150


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (r)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Time Deposits—(Continued)

  

DBS Bank, Ltd., Singapore
0.380%, 10/04/16

    400,000      $ 400,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    400,000        400,000   

Royal Bank of Canada
0.280%, 10/03/16

    400,000        400,000   
   

 

 

 
      2,286,392   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $26,260,660)

      26,260,790   
   

 

 

 

Total Investments—115.5%
(Cost $1,365,261,646)

      1,454,330,028   

Unfunded Loan Commitments—(0.0)%
(Cost $(80,267))

      (80,267

Net Investments—115.5%
(Cost $1,365,181,379) (s)

      1,454,249,761   

Other assets and liabilities (net)—(15.5)%

      (195,485,817
   

 

 

 
Net Assets—100.0%     $ 1,258,763,944   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $24,948,599 and the collateral received consisted of cash in the amount of $25,760,636. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(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 September 30, 2016. Maturity date shown for callable securities reflects the earliest possible call date.
(e) Interest only security.
(f) Illiquid security. As of September 30, 2016, these securities represent 0.9% of net assets.
(g) All or a portion of the security was pledged as collateral against open centrally cleared swap contracts. As of September 30, 2016, the market value of securities pledged was $1,971,205.
(h) All or a portion of the security was pledged as collateral against open swap contracts. As of September 30, 2016, the market value of securities pledged was $1,130,014.
(i) Principal amount of security is adjusted for inflation.
(j) Non-income producing; security is in default and/or issuer is in bankruptcy.
(k) 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 September 30, 2016, the market value of restricted securities was $6,378,376, which is 0.5% of net assets. See details shown in the Restricted Securities table that follows.
(l) Principal only security.
(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) This loan will settle after September 30, 2016, at which time the interest rate will be determined.
(o) 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.
(p) Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(q) The rate shown represents current yield to maturity.
(r) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(s) As of September 30, 2016, the aggregate cost of investments was $1,365,181,379. The aggregate unrealized appreciation and depreciation of investments were $121,905,372 and $(32,836,990), respectively, resulting in net unrealized appreciation of $89,068,382.
(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 September 30, 2016, the market value of 144A securities was $130,353,282, which is 10.4% 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
(CNH)— Chinese Renminbi
(COP)— Colombian Peso
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(JPY)— Japanese Yen
(PHP)— Philippine Peso
(REMIC)— Real Estate Mortgage Investment Conduit
(RON)— New Romanian Leu
(THB)— Thai Baht
(UYU)— Uruguayan Peso

 

MSF-151


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Banc of America Commercial Mortgage Trust, 3.262%, 09/15/48

     01/22/16       $ 548,000       $ 293,680       $ 302,607   

Citigroup Commercial Mortgage Trust, 4.566%, 03/10/47

     01/15/15         130,000         107,367         91,316   

Commercial Mortgage Pass-Through Certificates Mortgage Trust, 4.750%, 10/15/45

     02/18/15         220,000         175,716         136,508   

Commercial Mortgage Pass-Through Certificates Mortgage Trust, 4.724%, 10/15/45

     12/05/14         165,000         129,274         107,299   

Consumer Credit Origination Loan Trust, 2.820%, 03/15/21

     02/03/15         68,587         68,583         68,691   

GS Mortgage Securities Trust, 5.029%, 04/10/47

     03/27/14         585,000         534,065         415,733   

GS Mortgage Securities Trust, 3.674%, 04/10/47

     04/04/14         235,000         147,173         123,138   

GS Mortgage Securities Trust, 3.582%, 06/10/47

     04/24/15         195,000         149,282         115,669   

JPMorgan Chase Commercial Mortgage Securities Corp., 4.563%, 12/15/47

     03/27/14         245,000         198,450         197,378   

JPMorgan Chase Commercial Mortgage Securities Trust, 4.000%, 08/15/46

     05/19/15         105,000         94,959         86,103   

JPMorgan Chase Commercial Mortgage Securities Trust, 2.733%, 10/15/45

     03/17/14         400,000         269,984         129,000   

LSTAR Securities Investment, Ltd., 2.528%, 09/01/21

     09/14/16         575,000         566,548         566,555   

Magnetite CLO, Ltd., 5.180%, 01/15/25

     11/17/15         1,125,000         1,126,125         1,126,326   

Morgan Stanley Bank of America Merrill Lynch Trust, 4.500%, 08/15/45

     07/10/14         250,000         197,031         180,798   

Morgan Stanley Capital Trust, 5.324%, 07/15/49

     03/13/15         265,000         242,868         209,307   

SoFi Consumer Loan Program LLC, 3.090%, 10/27/25

     07/26/16         1,015,000         1,014,841         1,017,000   

SpringCastle America Funding LLC, 2.700%, 05/25/23

     09/18/14         549,060         549,024         550,842   

UBS-Barclays Commercial Mortgage Trust, 4.223%, 03/10/46

     07/10/14         155,000         130,182         108,680   

WF-RBS Commercial Mortgage Trust, 5.000%, 06/15/44

     03/28/14         105,000         94,365         91,387   

WF-RBS Commercial Mortgage Trust, 5.000%, 04/15/45

     08/13/14         130,000         103,594         77,125   

WF-RBS Commercial Mortgage Trust, 3.016%, 11/15/47

     11/05/14         550,000         362,270         274,772   

Wells Fargo Commercial Mortgage Trust, 3.356%, 09/15/58

     09/24/15         245,000         147,153         140,163   

Wells Fargo Commercial Mortgage Trust, 2.881%, 05/15/48

     09/16/15         510,000         315,702         261,979   
           

 

 

 
            $ 6,378,376   
           

 

 

 

TBA Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     3.500     TBA         (1,200,000   $ (1,266,545   $ (1,265,063

Fannie Mae 15 Yr. Pool

     4.500     TBA         (3,500,000     (3,584,765     (3,587,503

Fannie Mae 30 Yr. Pool

     4.000     TBA         (525,000     (562,140     (563,842

Fannie Mae 30 Yr. Pool

     4.500     TBA         (4,425,000     (4,829,789     (4,845,961

Fannie Mae 30 Yr. Pool

     5.000     TBA         (2,200,000     (2,439,594     (2,443,590

Freddie Mac 30 Yr. Gold Pool

     5.500     TBA         (200,000     (224,438     (224,581

Ginnie Mae II 30 Yr. Pool

     3.000     TBA         (7,975,000     (8,353,656     (8,354,435

Ginnie Mae II 30 Yr. Pool

     4.000     TBA         (7,973,000     (8,534,125     (8,543,256

Ginnie Mae II 30 Yr. Pool

     4.500     TBA         (500,000     (539,688     (539,441
         

 

 

   

 

 

 

Totals

  

  $ (30,334,740   $ (30,367,672
         

 

 

   

 

 

 

 

MSF-152


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
COP     1,816,350,000      

Goldman Sachs International

     10/21/16         $ 619,809         $ 8,077   
COP     1,816,350,000      

State Street Bank and Trust

     10/21/16           627,735           151   
EUR     155,000      

Bank of America N.A.

     03/15/17           177,515           (2,079
EUR     205,000      

Bank of America N.A.

     03/15/17           234,910           (2,883
EUR     375,000      

Citibank N.A.

     03/15/17           416,250           8,190   
EUR     270,000      

UBS AG

     03/15/17           309,587           (3,991
IDR     8,239,000,000      

Citibank N.A.

     10/21/16           629,893           (205
RUB     40,310,000      

Credit Suisse International

     10/21/16           629,647           9,827   
RUB     40,310,000      

JPMorgan Chase Bank N.A.

     10/21/16           628,861           10,613   
ZAR     8,605,000      

Goldman Sachs International

     10/21/16           632,028           (6,975
ZAR     8,605,000      

Goldman Sachs International

     10/21/16           633,217           (8,164
ZAR     10,700,000      

Goldman Sachs International

     12/21/16           750,863           17,186   

Contracts to Deliver

                               
BRL     3,410,000      

Goldman Sachs International

     12/02/16           1,024,024           (7,077
BRL     9,086,000      

Morgan Stanley & Co. International plc

     12/02/16           2,736,994           (10,392
COP     1,816,350,000      

Standard Chartered Bank

     10/21/16           626,328           (1,558
COP     1,816,350,000      

Standard Chartered Bank

     10/21/16           627,518           (368
COP     1,171,300,000      

State Street Bank and Trust

     12/21/16           387,239           (13,638
COP     1,046,500,000      

State Street Bank and Trust

     12/21/16           354,746           (3,419
EUR     3,167,000      

UBS AG

     10/31/16           3,558,663           (3,449
EUR     465,000      

Bank of America N.A.

     12/21/16           523,031           (1,214
EUR     1,005,000      

Bank of America N.A.

     03/15/17           1,080,446           (57,052
GBP     740,000      

UBS AG

     10/31/16           958,759           (925
IDR     8,239,000,000      

Citibank N.A.

     10/21/16           635,725           6,037   
IDR     5,798,000,000      

HSBC Bank USA

     12/21/16           432,138           (6,927
IDR     18,185,000,000      

JPMorgan Chase Bank N.A.

     12/21/16           1,366,979           (10,116
RON     8,195,000      

Citibank N.A.

     06/26/17           2,045,962           (37,029
RON     1,520,000      

BNP Paribas S.A.

     08/28/17           387,508           798   
RON     2,515,000      

JPMorgan Chase Bank N.A.

     08/28/17           641,909           2,057   
RUB     40,310,000      

JPMorgan Chase Bank N.A.

     10/21/16           635,704           (3,770
RUB     40,310,000      

JPMorgan Chase Bank N.A.

     10/21/16           636,005           (3,469
THB     44,581,000      

Royal Bank of Scotland plc

     12/21/16           1,275,748           (9,520
ZAR     8,025,000      

Goldman Sachs International

     12/21/16           555,286           (20,750
ZAR     2,675,000      

Goldman Sachs International

     12/21/16           184,780           (7,232
                 

 

 

 

Net Unrealized Depreciation

  

     $ (159,266
                 

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

90 Day Eurodollar Futures

     12/18/17         203        USD         50,193,338      $ 16,175   

S&P 500 E-Mini Index Futures

     12/16/16         61        USD         6,527,393        61,827   

U.S. Treasury Note 5 Year Futures

     12/30/16         447        USD         54,307,717        9,768   

U.S. Treasury Note Ultra 10 Year Futures

     12/20/16         27        USD         3,898,173        (5,954

U.S. Treasury Ultra Long Bond Futures

     12/20/16         153        USD         28,591,710        (458,835

Futures Contracts—Short

                                

90 Day Eurodollar Futures

     09/17/18         (203     USD         (50,144,213     (22,162

U.S. Treasury Long Bond Futures

     12/20/16         (20     USD         (3,369,961     6,836   

U.S. Treasury Note 10 Year Futures

     12/20/16         (133     USD         (17,418,895     (20,730

U.S. Treasury Note 2 Year Futures

     12/30/16         (36     USD         (7,868,187     3,312   
            

 

 

 

Net Unrealized Depreciation

  

  $ (409,763
            

 

 

 

 

MSF-153


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

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
 

Pay

   6M MIBOR    6.260%   09/12/21    Goldman Sachs International      INR         67,350,000       $ (1,662   $       $ (1,662

Receive

   CPI-U    1.810%   09/04/25    Bank of America N.A.      USD         3,803,000         (36,535             (36,535

Receive

   CPI-U    1.820%   09/22/25    Bank of America N.A.      USD         10,320,000         (110,196             (110,196
                   

 

 

   

 

 

    

 

 

 

Totals

 

   $ (148,393   $       $ (148,393
                   

 

 

   

 

 

    

 

 

 

Centrally Cleared Interest Rate Swaps

 

Pay/Receive Floating Rate

   Floating
Rate Index
   Fixed
Rate
  Maturity
Date
   Notional
Amount
     Unrealized
Appreciation
 

Receive

   3M LIBOR    1.750%   03/15/27      USD         3,000,000       $ 16,789   

Receive

   Fed Funds Rate
Compounded - OIS
   1.000%   09/29/26      USD         10,928,000         58,159   
                

 

 

 

Net Unrealized Appreciation

  

   $ 74,948   
                

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Buy Protection (a)

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
     Implied Credit
Spread at
September 30,
2016(b)
     Notional
Amount(c)
     Unrealized
Depreciation
 

CDX.NA.HY.26.V1

     (5.000%)         06/20/21         3.765%         USD         15,269,000       $ (209,280)   

CDX.NA.HY.27.V1

     (5.000%)         12/20/21         4.013%         USD         9,990,000         (77,109)   
                 

 

 

 

Net Unrealized Depreciation

  

   $ (286,389)   
                 

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (d)

 

Reference Obligation

   Fixed Deal
Receive
Rate
     Maturity
Date
     Implied Credit
Spread at
September 30,
2016(b)
     Notional
Amount(c)
     Unrealized
Appreciation
 

CDX.NA.IG.26

     1.000%         06/20/21         0.687%         USD         410,000       $ 444   

CDX.NA.IG.27

     1.000%         12/20/21         0.747%         USD         2,931,000         3,089   

ITRAXX.EUR.26.V1

     5.000%         12/20/21         3.298%         EUR         957,000         149   
                 

 

 

 

Net Unrealized Appreciation

  

   $ 3,682   
                 

 

 

 

OTC Credit Default Swaps on Sovereign Issues—Sell Protection (d)

 

Reference Obligation

   Fixed Deal
Receive Rate
     Maturity
Date
    

Counterparty

   Implied Credit
Spread at
September 30,
2016(b)
     Notional
Amount(c)
     Market
Value
     Upfront
Premium
(Received)
     Unrealized
Appreciation
 

Russian Federation
7.500%, due 03/31/30

     1.000%         06/20/21       Barclays Bank plc      1.996%         USD         1,330,000       $ (59,119)       $ (71,519)       $ 12,400   
                    

 

 

    

 

 

    

 

 

 

 

MSF-154


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

OTC Credit Default Swaps on Credit Indices—Buy Protection (a)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
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        49,095      $ 1,105      $ 1,235      $ (130)   

ABX.HE.AAA.6-1

    (0.180%)        07/25/45      JPMorgan Chase Bank N.A.     0.000%        USD        15,236        343               343   

ABX.HE.AAA.7-1

    (0.090%)        08/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        352,350        86,913        89,850        (2,937)   

ABX.HE.AAA.7-1

    (0.090%)        08/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        152,067        37,510        38,777        (1,267)   

ABX.HE.AAA.7-1

    (0.090%)        08/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        103,851        25,616        27,001        (1,385)   

ABX.HE.PEN.AAA.6-2

    (0.110%)        05/25/46      JPMorgan Chase Bank N.A.     0.000%        USD        300,710        35,083        42,147        (7,064)   

CDX.EM.26

    (1.000%)        12/20/21      Barclays Bank plc     2.351%        USD        19,030,000        1,217,973        1,132,285        85,688   

CMBX.NA.A.7

    (2.000%)        01/17/47      JPMorgan Chase Bank N.A.     0.000%        USD        480,000        24,503        (10,238)        34,741   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        735,000        20,520        23,330        (2,810)   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        635,000        17,728        20,156        (2,428)   

CMBX.NA.AA.7

    (1.500%)        01/17/47      Credit Suisse International     0.000%        USD        600,000        16,751        19,045        (2,294)   

CMBX.NA.AA.8

    (1.500%)        10/17/57      Morgan Stanley & Co. International plc     0.000%        USD        265,000        12,963        10,823        2,140   

CMBX.NA.AAA.8

    (0.500%)        10/17/57      Morgan Stanley & Co. International plc     0.000%        USD        295,000        7,177        7,757        (580)   

CMBX.NA.AAA.8

    (0.500%)        10/17/57      Morgan Stanley & Co. International plc     0.000%        USD        125,000        3,041        3,337        (296)   

CMBX.NA.AAA.9

    (0.500%)        09/17/58      Morgan Stanley & Co. International plc     0.000%        USD        140,000        5,144        5,562        (418)   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Bank of America N.A.     0.000%        USD        675,818        165,435        119,839        45,596   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Credit Suisse International     0.000%        USD        1,904,130        466,115        475,512        (9,397)   

CMBX.NA.AJ.4

    (0.960%)        02/17/51      Morgan Stanley & Co. International plc     0.000%        USD        1,262,843        309,133        315,373        (6,240)   

CMBX.NA.AS.6

    (1.000%)        05/11/63      Credit Suisse International     0.000%        USD        775,000        4,967        8,391        (3,424)   

CMBX.NA.AS.6

    (1.000%)        05/11/63      Credit Suisse International     0.000%        USD        635,000        4,070        6,876        (2,806)   

CMBX.NA.AS.7

    (1.000%)        01/17/47      Credit Suisse International     0.000%        USD        1,375,000        18,945        25,476        (6,531)   

CMBX.NA.AS.7

    (1.000%)        01/17/47      Goldman Sachs International     0.000%        USD        500,000        6,889        14,481        (7,592)   

CMBX.NA.AS.8

    (1.000%)        10/17/57      Deutsche Bank AG     0.000%        USD        210,000        6,192        15,785        (9,593)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Credit Suisse International     0.000%        USD        375,000        31,301        34,662        (3,361)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Credit Suisse International     0.000%        USD        300,000        25,041        29,605        (4,564)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Credit Suisse International     0.000%        USD        255,000        21,285        25,164        (3,879)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Deutsche Bank AG     0.000%        USD        175,000        14,607        22,550        (7,943)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Deutsche Bank AG     0.000%        USD        170,000        14,190        16,725        (2,535)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Deutsche Bank AG     0.000%        USD        170,000        14,190        12,815        1,375   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Goldman Sachs International     0.000%        USD        1,020,000        85,138        98,003        (12,865)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Goldman Sachs International     0.000%        USD        260,000        21,702        25,513        (3,811)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Goldman Sachs International     0.000%        USD        230,000        19,198        20,132        (934)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Goldman Sachs International     0.000%        USD        175,000        14,607        25,231        (10,624)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Goldman Sachs International     0.000%        USD        130,000        10,851        12,000        (1,149)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Morgan Stanley & Co. International plc     0.000%        USD        750,000        62,602        74,012        (11,410)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Morgan Stanley & Co. International plc     0.000%        USD        385,000        32,135        40,214        (8,079)   

CMBX.NA.BBB.7

    (3.000%)        01/17/47      Morgan Stanley & Co. International plc     0.000%        USD        230,000        19,198        19,356        (158)   
             

 

 

   

 

 

   

 

 

 

Totals

 

  $ 2,880,161      $ 2,848,782      $ 31,379   
             

 

 

   

 

 

   

 

 

 

 

MSF-155


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 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
September 30,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.A.6.

    2.000%        05/11/63      Goldman Sachs International     0.000%        USD        355,000      $ (16,486)      $ 4,634      $ (21,120)   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        549,892        (4,350)        (13,163)        8,813   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        554,891        (4,390)        (13,265)        8,875   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        774,848        (6,130)        (28,862)        22,732   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        1,979,612        (15,660)        (21,407)        5,747   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        1,979,612        (15,660)        (21,407)        5,747   

CMBX.NA.AAA.6

    0.500%        05/11/63      Credit Suisse International     0.000%        USD        2,299,549        (18,191)        (24,867)        6,676   

CMBX.NA.AAA.6

    0.500%        05/11/63      Deutsche Bank AG     0.000%        USD        729,857        (5,774)        (25,017)        19,243   

CMBX.NA.AAA.6

    0.500%        05/11/63      Deutsche Bank AG     0.000%        USD        1,068,791        (8,455)        (25,550)        17,095   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs International     0.000%        USD        84,983        (672)        (1,018)        346   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs International     0.000%        USD        369,928        (2,926)        (12,022)        9,096   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs International     0.000%        USD        439,914        (3,480)        (15,068)        11,588   

CMBX.NA.AAA.6

    0.500%        05/11/63      Goldman Sachs International     0.000%        USD        464,909        (3,678)        (15,588)        11,910   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        329,935        (2,610)        (2,752)        142   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        529,896        (4,192)        (12,527)        8,335   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        624,878        (4,943)        (21,418)        16,475   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        659,871        (5,220)        (15,775)        10,555   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        664,870        (5,260)        (5,350)        90   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        754,852        (5,971)        (25,532)        19,561   

CMBX.NA.AAA.6

    0.500%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        8,995,237        (71,158)        (294,808)        223,650   

CMBX.NA.BB.6

    5.000%        05/11/63      Credit Suisse International     0.000%        USD        240,000        (42,237)        (44,697)        2,460   

CMBX.NA.BB.6

    5.000%        05/11/63      Credit Suisse International     0.000%        USD        265,000        (46,637)        (47,404)        767   

CMBX.NA.BB.6

    5.000%        05/11/63      Credit Suisse International     0.000%        USD        460,000        (80,955)        (85,670)        4,715   

CMBX.NA.BB.6

    5.000%        05/11/63      Credit Suisse International     0.000%        USD        465,000        (81,835)        (86,601)        4,766   

CMBX.NA.BB.6

    5.000%        05/11/63      Credit Suisse International     0.000%        USD        465,000        (81,835)        (86,601)        4,766   

CMBX.NA.BB.6

    5.000%        05/11/63      Credit Suisse International     0.000%        USD        465,000        (81,835)        (86,601)        4,766   

CMBX.NA.BB.6

    5.000%        05/11/63      Goldman Sachs International     0.000%        USD        191,000        (33,614)        (22,491)        (11,123)   

CMBX.NA.BB.6

    5.000%        05/11/63      Goldman Sachs International     0.000%        USD        304,000        (53,500)        (50,355)        (3,145)   

CMBX.NA.BB.6

    5.000%        05/11/63      Goldman Sachs International     0.000%        USD        530,000        (93,274)        (58,813)        (34,461)   

CMBX.NA.BB.6

    5.000%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        1,020,000        (179,508)        (189,964)        10,456   

CMBX.NA.BB.8

    5.000%        10/17/57      Bank of America N.A.     0.000%        USD        335,000        (92,411)        (24,355)        (68,056)   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        285,000        (78,619)        (80,923)        2,304   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        550,000        (151,720)        (156,166)        4,446   

CMBX.NA.BB.8

    5.000%        10/17/57      Credit Suisse International     0.000%        USD        550,000        (151,720)        (156,166)        4,446   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs International     0.000%        USD        75,000        (20,689)        (22,824)        2,135   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs International     0.000%        USD        115,000        (31,723)        (32,462)        739   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs International     0.000%        USD        170,000        (46,895)        (27,682)        (19,213)   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs International     0.000%        USD        191,000        (52,688)        (22,902)        (29,786)   

CMBX.NA.BB.8

    5.000%        10/17/57      Goldman Sachs International     0.000%        USD        580,000        (159,996)        (181,510)        21,514   

CMBX.NA.BB.8

    5.000%        10/17/57      Morgan Stanley & Co. International plc     0.000%        USD        1,289,000        (355,577)        (365,997)        10,420   

CMBX.NA.BB.9

    5.000%        09/15/58      Goldman Sachs International     0.000%        USD        125,000        (31,901)        (35,383)        3,482   

CMBX.NA.BB.9

    5.000%        09/15/58      Goldman Sachs International     0.000%        USD        130,000        (33,178)        (36,481)        3,303   

CMBX.NA.BB.9

    5.000%        09/15/58      Goldman Sachs International     0.000%        USD        250,000        (63,803)        (70,766)        6,963   

CMBX.NA.BB.9

    5.000%        09/17/58      Goldman Sachs International     0.000%        USD        125,000        (31,901)        (35,733)        3,832   

CMBX.NA.BB.9

    5.000%        09/17/58      Morgan Stanley & Co. International plc     0.000%        USD        255,000        (65,079)        (80,525)        15,446   

 

MSF-156


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 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
September 30,
2016(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.BBB.6

    3.000%        05/11/63      Morgan Stanley & Co. International plc     0.000%        USD        90,000      $ (8,081)      $ (8,031)      $ (50)   

CMBX.NA.BBB.8

    3.000%        10/17/57      Goldman Sachs International     0.000%        USD        530,000        (90,538)        (78,177)        (12,361)   

PRIMEX.ARM.2

    4.580%        12/25/37      JPMorgan Chase Bank N.A.     0.000%        USD        587,763        5,388        17,650        (12,262)   
             

 

 

   

 

 

   

 

 

 

Totals

 

  $ (2,441,567)      $ (2,748,392)      $ 306,825   
             

 

 

   

 

 

   

 

 

 

 

(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
(COP)— Colombian Peso
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(INR)— Indian Rupee
(RON)— New Romanian Leu
(RUB)— Russian Ruble
(THB)— Thai Baht
(USD)— United States Dollar
(ZAR)— South African Rand
(ABX.HE)— Markit Asset-Backed Home Equity Index
(ABX.HE.PEN)— Markit Asset-Backed Home Equity Penultimate Index
(CMBX)— Commercial Mortgage-Backed Index
(CDX.EM)— Markit Emerging Market CDS 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.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
(IRS)— Interest Rate Swap
(PRIMEX.ARM)— Markit Primex Adjustable Rate Mortgage Index
(ITRAXX.EUR)— Markit iTraxx Europe Index
(LIBOR)— London Interbank Offered Rate
(MIBOR)— Mumbai Interbank Offered Rate

 

MSF-157


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 743,925,188      $ —        $ —         $ 743,925,188   

Total U.S. Treasury & Government Agencies*

     —          277,452,099        —           277,452,099   

Total Corporate Bonds & Notes*

     —          172,027,134        —           172,027,134   

Total Asset-Backed Securities*

     —          79,859,415        —           79,859,415   

Total Mortgage-Backed Securities*

     —          62,904,324        —           62,904,324   

Total Floating Rate Loans (Less Unfunded Loan Commitments)*

     —          27,551,393        —           27,551,393   

Total Foreign Government*

     —          13,703,166        —           13,703,166   

Total Municipals

     —          5,261,213        —           5,261,213   

Total Purchased Options*

     —          44,080        —           44,080   
Short-Term Investments          

Certificate of Deposit

     —          10,150,000        —           10,150,000   

Repurchase Agreement

     —          35,110,959        —           35,110,959   

Total Short-Term Investments

     —          45,260,959        —           45,260,959   
Securities Lending Reinvestments          

Certificates of Deposit

     —          2,000,058        —           2,000,058   

Commercial Paper

     —          948,840        —           948,840   

Repurchase Agreements

     —          21,025,500        —           21,025,500   

Time Deposits

     —          2,286,392        —           2,286,392   

Total Securities Lending Reinvestments

     —          26,260,790        —           26,260,790   

Total Net Investments

   $ 743,925,188      $ 710,324,573      $ —         $ 1,454,249,761   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (25,760,636   $ —         $ (25,760,636

TBA Forward Sales Commitments

   $ —        $ (30,367,672   $ —         $ (30,367,672
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 62,936      $ —         $ 62,936   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (222,202     —           (222,202

Total Forward Contracts

   $ —        $ (159,266   $ —         $ (159,266
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 97,918      $ —        $ —         $ 97,918   

Futures Contracts (Unrealized Depreciation)

     (507,681     —          —           (507,681

Total Futures Contracts

   $ (409,763   $ —        $ —         $ (409,763

 

MSF-158


Table of Contents

Metropolitan Series Fund

Met/Wellington Balanced Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  
Centrally Cleared Swap Contracts           

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —         $ 78,630      $ —         $ 78,630   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —           (286,389     —           (286,389

Total Centrally Cleared Swap Contracts

   $ —         $ (207,759   $ —         $ (207,759
OTC Swap Contracts           

OTC Swap Contracts at Value (Assets)

   $ —         $ 2,885,549      $ —         $ 2,885,549   

OTC Swap Contracts at Value (Liabilities)

     —           (2,654,467     —           (2,654,467

Total OTC Swap Contracts

   $ —         $ 231,082      $ —         $ 231,082   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-159


Table of Contents

Metropolitan Series Fund

Met/Wellington Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—97.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—7.1%

  

General Dynamics Corp.

    329,086      $ 51,060,984   

Lockheed Martin Corp.

    405,673        97,247,931   

Northrop Grumman Corp.

    274,123        58,648,616   

United Technologies Corp.

    772,297        78,465,375   
   

 

 

 
      285,422,906   
   

 

 

 

Air Freight & Logistics—3.0%

  

United Parcel Service, Inc. - Class B

    1,102,171        120,533,420   
   

 

 

 

Banks—2.8%

  

PNC Financial Services Group, Inc. (The)

    898,132        80,912,712   

Wells Fargo & Co.

    710,740        31,471,567   
   

 

 

 
      112,384,279   
   

 

 

 

Beverages—6.6%

  

Coca-Cola Co. (The)

    2,356,768        99,738,422   

Diageo plc

    2,867,454        82,218,712   

PepsiCo, Inc.

    785,296        85,416,646   
   

 

 

 
      267,373,780   
   

 

 

 

Biotechnology—1.9%

  

Amgen, Inc.

    471,270        78,612,549   
   

 

 

 

Capital Markets—1.7%

  

BlackRock, Inc.

    195,634        70,909,500   
   

 

 

 

Chemicals—3.3%

  

Ecolab, Inc.

    417,680        50,840,009   

Praxair, Inc.

    682,124        82,421,043   
   

 

 

 
      133,261,052   
   

 

 

 

Consumer Finance—1.7%

  

American Express Co.

    1,097,226        70,266,353   
   

 

 

 

Energy Equipment & Services—1.6%

  

Schlumberger, Ltd.

    831,811        65,413,617   
   

 

 

 

Equity Real Estate Investment Trusts—1.8%

  

Public Storage

    321,842        71,815,824   
   

 

 

 

Food & Staples Retailing—6.7%

  

Costco Wholesale Corp.

    794,242        121,129,848   

CVS Health Corp.

    788,468        70,165,767   

Walgreens Boots Alliance, Inc.

    995,121        80,226,655   
   

 

 

 
      271,522,270   
   

 

 

 

Health Care Equipment & Supplies—3.0%

  

Medtronic plc

    1,395,331        120,556,598   
   

 

 

 

Health Care Providers & Services—7.1%

  

Cardinal Health, Inc.

    1,307,194        101,568,974   

McKesson Corp.

    502,607        83,809,717   

UnitedHealth Group, Inc.

    715,031        100,104,340   
   

 

 

 
      285,483,031   
   

 

 

 

Hotels, Restaurants & Leisure—2.0%

  

McDonald’s Corp.

    697,299      80,440,413   
   

 

 

 

Household Products—4.0%

  

Colgate-Palmolive Co.

    1,507,267        111,748,776   

Procter & Gamble Co. (The)

    576,335        51,726,066   
   

 

 

 
      163,474,842   
   

 

 

 

Industrial Conglomerates—2.8%

  

Honeywell International, Inc.

    967,433        112,793,013   
   

 

 

 

Insurance—5.2%

  

Chubb, Ltd.

    878,456        110,377,996   

Marsh & McLennan Cos., Inc.

    1,491,220        100,284,545   
   

 

 

 
      210,662,541   
   

 

 

 

IT Services—7.6%

  

Accenture plc - Class A

    909,243        111,082,217   

Automatic Data Processing, Inc.

    1,134,335        100,048,347   

Visa, Inc. - Class A

    1,149,732        95,082,837   
   

 

 

 
      306,213,401   
   

 

 

 

Media—1.2%

  

Walt Disney Co. (The)

    545,110        50,618,915   
   

 

 

 

Oil, Gas & Consumable Fuels—1.6%

  

Exxon Mobil Corp.

    763,295        66,620,388   
   

 

 

 

Pharmaceuticals—6.2%

  

Johnson & Johnson

    849,967        100,406,602   

Merck & Co., Inc.

    1,442,579        90,031,355   

Roche Holding AG

    241,937        59,936,527   
   

 

 

 
      250,374,484   
   

 

 

 

Road & Rail—5.1%

  

Canadian National Railway Co.

    1,558,084        101,849,372   

Union Pacific Corp.

    1,061,703        103,547,894   
   

 

 

 
      205,397,266   
   

 

 

 

Software—3.6%

  

Microsoft Corp.

    2,525,102        145,445,875   
   

 

 

 

Specialty Retail—4.5%

  

Lowe’s Cos., Inc.

    1,128,158        81,464,289   

TJX Cos., Inc. (The)

    1,327,285        99,254,372   
   

 

 

 
      180,718,661   
   

 

 

 

Textiles, Apparel & Luxury Goods—5.0%

  

NIKE, Inc. - Class B

    2,481,498        130,650,870   

VF Corp.

    1,250,823        70,108,629   
   

 

 

 
      200,759,499   
   

 

 

 

Total Common Stocks
(Cost $3,473,542,200)

      3,927,074,477   
   

 

 

 

 

MSF-160


Table of Contents

Metropolitan Series Fund

Met/Wellington Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Escrow Shares — 0.0%

 

Security Description   Shares/
Principal
Amount*
    Value  

Forest Products & Paper—0.0%

  

Sino-Forest Corp. (a)
(Cost $0)

    5,844,000      $ 0   
   

 

 

 
Short-Term Investment—2.8%   

Repurchase Agreement—2.8%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $112,187,345 on 10/03/16, collateralized by $106,700,000 U.S. Treasury Note at 2.625% due 11/15/20 with a value of $114,435,750.

  $ 112,187,065        112,187,065   
   

 

 

 

Total Short-Term Investments
(Cost $112,187,065)

      112,187,065   
   

 

 

 

Total Investments—99.9%
(Cost $3,585,729,265) (b)

      4,039,261,542   

Other assets and liabilities (net)—0.1%

      3,225,337   
   

 

 

 
Net Assets—100.0%     $ 4,042,486,879   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent less than 0.05% of net assets.
(b) As of September 30, 2016, the aggregate cost of investments was $3,585,729,265. The aggregate unrealized appreciation and depreciation of investments were $491,647,997 and $(38,115,720), respectively, resulting in net unrealized appreciation of $453,532,277.

 

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 September 30, 2016:

 

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 285,422,906       $ —         $ —         $ 285,422,906   

Air Freight & Logistics

     120,533,420         —           —           120,533,420   

Banks

     112,384,279         —           —           112,384,279   

Beverages

     185,155,068         82,218,712         —           267,373,780   

Biotechnology

     78,612,549         —           —           78,612,549   

Capital Markets

     70,909,500         —           —           70,909,500   

Chemicals

     133,261,052         —           —           133,261,052   

Consumer Finance

     70,266,353         —           —           70,266,353   

 

MSF-161


Table of Contents

Metropolitan Series Fund

Met/Wellington Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Energy Equipment & Services

   $ 65,413,617       $ —         $ —         $ 65,413,617   

Equity Real Estate Investment Trusts

     71,815,824         —           —           71,815,824   

Food & Staples Retailing

     271,522,270         —           —           271,522,270   

Health Care Equipment & Supplies

     120,556,598         —           —           120,556,598   

Health Care Providers & Services

     285,483,031         —           —           285,483,031   

Hotels, Restaurants & Leisure

     80,440,413         —           —           80,440,413   

Household Products

     163,474,842         —           —           163,474,842   

Industrial Conglomerates

     112,793,013         —           —           112,793,013   

Insurance

     210,662,541         —           —           210,662,541   

IT Services

     306,213,401         —           —           306,213,401   

Media

     50,618,915         —           —           50,618,915   

Oil, Gas & Consumable Fuels

     66,620,388         —           —           66,620,388   

Pharmaceuticals

     190,437,957         59,936,527         —           250,374,484   

Road & Rail

     205,397,266         —           —           205,397,266   

Software

     145,445,875         —           —           145,445,875   

Specialty Retail

     180,718,661         —           —           180,718,661   

Textiles, Apparel & Luxury Goods

     200,759,499         —           —           200,759,499   

Total Common Stocks

     3,784,919,238         142,155,239         —           3,927,074,477   

Total Escrow Shares*

     —           —           0         0   

Total Short-Term Investment*

     —           112,187,065         —           112,187,065   

Total Investments

   $ 3,784,919,238       $ 254,342,304       $ 0       $ 4,039,261,542   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

As of September 30, 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 September 30, 2016 have not been presented.

 

MSF-162


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio

Schedule of Investments as of September 30, 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)

    663,474      $ 6,999,649   

BlackRock Bond Income Portfolio (Class A) (a)

    810,612        88,283,727   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    206,927        7,087,234   

BlackRock High Yield Portfolio
(Class A) (b)

    472,659        3,549,671   

BlackRock Large Cap Value Portfolio
(Class A) (a)

    835,238        7,116,232   

Clarion Global Real Estate Portfolio
(Class A) (b)

    281,536        3,499,495   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    161,263        1,767,437   

Harris Oakmark International Portfolio (Class A) (b)

    705,125        8,764,700   

Invesco Comstock Portfolio (Class A) (b)

    1,065,657        14,205,207   

Jennison Growth Portfolio (Class A) (a)

    527,490        7,078,912   

JPMorgan Core Bond Portfolio
(Class A) (b)

    6,371,865        67,095,739   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    222,418        3,545,349   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    183,185        1,751,249   

Met/Artisan International Portfolio
(Class A) (b)

    746,904        7,050,777   

Met/Artisan Mid Cap Value Portfolio
(Class A) (a)

    8,256        1,778,452   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    1,394,989        14,145,192   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    3,685,603        35,308,073   

Met/Templeton International Bond Portfolio (Class A) (b)

    1,112,401        10,523,318   

Met/Wellington Core Equity Opportunities Portfolio (Class A) (a)

    494,227        14,011,350   

Met/Wellington Large Cap Research Portfolio (Class A) (b)

    523,044        7,071,551   

MetLife Small Cap Value Portfolio
(Class A) (b)

    251,145        3,551,184   

Affiliated Investment Companies—(Continued)

  

MFS Research International Portfolio (Class A) (b)

    504,163      5,278,586   

MFS Value Portfolio (Class A) (a)

    957,914        14,043,023   

Neuberger Berman Genesis Portfolio
(Class A) (a)

    354,439        7,056,880   

Oppenheimer Global Equity Portfolio
(Class A) (b)

    91,603        1,759,698   

PIMCO Inflation Protected Bond Portfolio (Class A) (b) (c)

    6,378,697        63,659,398   

PIMCO Total Return Portfolio
(Class A) (b)

    7,319,689        84,835,198   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    352,476        7,105,908   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    442,662        14,187,312   

TCW Core Fixed Income Portfolio
(Class A) (b)

    7,140,092        74,114,156   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    2,099,969        28,307,579   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    7,652,485        91,753,293   
   

 

 

 

Total Mutual Funds
(Cost $714,645,074)

      706,285,529   
   

 

 

 

Total Investments—100.0%
(Cost $714,645,074) (d)

      706,285,529   

Other assets and liabilities (net)—(0.0)%

      (319,232
   

 

 

 
Net Assets—100.0%     $ 705,966,297   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of September 30, 2016, the aggregate cost of investments was $714,645,074. The aggregate unrealized appreciation and depreciation of investments were $8,208,670 and $(16,568,215), respectively, resulting in net unrealized depreciation of $(8,359,545).

 

MSF-163


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 706,285,529       $ —         $ —         $ 706,285,529   

Total Investments

   $ 706,285,529       $ —         $ —         $ 706,285,529   
                                     

 

MSF-164


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of September 30, 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)

    13,286,913      $ 140,176,937   

BlackRock Bond Income Portfolio (Class A) (a)

    6,167,207        671,670,469   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    4,143,972        141,931,046   

BlackRock High Yield Portfolio
(Class A) (b)

    4,728,562        35,511,498   

BlackRock Large Cap Value Portfolio (Class A) (a)

    16,693,193        142,226,000   

Clarion Global Real Estate Portfolio (Class A) (b)

    4,177,673        51,928,476   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    6,767,636        106,454,916   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    1,614,816        17,698,388   

Harris Oakmark International Portfolio (Class A) (b)

    15,540,884        193,173,188   

Invesco Comstock Portfolio
(Class A) (b)

    15,980,040        213,013,931   

Invesco Small Cap Growth Portfolio (Class A) (b)

    6,637,117        88,539,147   

Jennison Growth Portfolio (Class A) (a)

    7,928,765        106,404,033   

JPMorgan Core Bond Portfolio
(Class A) (b)

    46,997,545        494,884,152   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    3,342,615        53,281,276   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    7,338,112        70,152,351   

Met/Artisan International Portfolio (Class A) (b)

    9,366,872        88,423,276   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    82,521        17,776,701   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    13,950,931        141,462,441   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    22,115,285        211,864,426   

Met/Templeton International Bond Portfolio (Class A) (b)

    18,473,430        174,758,652   

Met/Wellington Core Equity Opportunities Portfolio (Class A) (a)

    9,284,515        263,216,004   

Met/Wellington Large Cap Research Portfolio (Class A) (b)

    11,797,169        159,497,731   

MetLife Small Cap Value Portfolio
(Class A) (b)

    5,023,540        71,032,854   

Affiliated Investment Companies—(Continued)

  

MFS Research International Portfolio (Class A) (b)

    10,104,042      105,789,323   

MFS Value Portfolio (Class A) (a)

    16,769,288        245,837,768   

Neuberger Berman Genesis Portfolio (Class A) (a)

    2,659,898        52,958,572   

Oppenheimer Global Equity Portfolio (Class A) (b)

    3,676,595        70,627,397   

PIMCO Inflation Protected Bond Portfolio (Class A) (b) (c)

    42,606,152        425,209,402   

PIMCO Total Return Portfolio
(Class A) (b)

    54,949,392        636,863,456   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    7,057,351        142,276,201   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    7,751,159        248,424,656   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    3,432,047        35,418,726   

TCW Core Fixed Income Portfolio (Class A) (b)

    54,444,615        565,135,106   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    6,782,749        71,218,868   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    18,395,411        247,970,137   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    47,117,184        564,935,030   
   

 

 

 

Total Mutual Funds
(Cost $7,014,402,455)

      7,067,742,535   
   

 

 

 

Total Investments—100.0%
(Cost $7,014,402,455) (d)

      7,067,742,535   

Other assets and liabilities (net)—(0.0)%

      (1,982,889
   

 

 

 
Net Assets—100.0%     $ 7,065,759,646   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of September 30, 2016, the aggregate cost of investments was $7,014,402,455. The aggregate unrealized appreciation and depreciation of investments were $267,385,045 and $(214,044,965), respectively, resulting in net unrealized appreciation of $53,340,080.

 

MSF-165


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 7,067,742,535       $ —         $ —         $ 7,067,742,535   

Total Investments

   $ 7,067,742,535       $ —         $ —         $ 7,067,742,535   
                                     

 

MSF-166


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of September 30, 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)

    34,382,779      $ 362,738,322   

BlackRock Bond Income Portfolio (Class A) (a)

    8,637,784        940,741,041   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    12,842,220        439,846,027   

BlackRock High Yield Portfolio (Class A) (b)

    11,694,635        87,826,708   

BlackRock Large Cap Value Portfolio
(Class A) (a)

    60,351,318        514,193,233   

Clarion Global Real Estate Portfolio (Class A) (b)

    17,348,057        215,636,343   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    30,293,036        476,509,452   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    3,342,124        36,629,684   

Harris Oakmark International Portfolio
(Class A) (b)

    38,024,128        472,639,906   

Invesco Comstock Portfolio
(Class A) (b)

    38,573,927        514,190,449   

Invesco Small Cap Growth Portfolio (Class A) (b)

    16,451,963        219,469,190   

Jennison Growth Portfolio
(Class A) (a)

    38,210,379        512,783,290   

JPMorgan Core Bond Portfolio (Class A) (b)

    61,944,067        652,271,025   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    6,912,304        110,182,128   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    6,038,894        72,829,066   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    26,568,128        253,991,302   

Met/Artisan International Portfolio (Class A) (b)

    34,044,033        321,375,674   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    340,992        73,456,537   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    11,396,504        146,331,114   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    28,666,224        290,675,513   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    30,277,790        290,061,226   

Met/Templeton International Bond Portfolio (Class A) (b)

    44,426,269        420,272,506   

Met/Wellington Core Equity Opportunities Portfolio (Class A) (a)

    22,909,829        649,493,664   

Met/Wellington Large Cap Research Portfolio (Class A) (b)

    32,510,232        439,538,340   

Affiliated Investment Companies—(Continued)

  

MetLife Small Cap Value Portfolio (Class A) (b)

    10,389,743      146,910,961   

MFS Research International Portfolio (Class A) (b)

    27,857,560        291,668,650   

MFS Value Portfolio (Class A) (a)

    44,674,840        654,933,159   

Neuberger Berman Genesis Portfolio (Class A) (a)

    7,339,365        146,126,755   

Oppenheimer Global Equity Portfolio (Class A) (b)

    7,588,155        145,768,452   

PIMCO Inflation Protected Bond Portfolio (Class A) (b) (c)

    43,806,352        437,187,396   

PIMCO Total Return Portfolio
(Class A) (b)

    75,319,626        872,954,466   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    21,861,528        440,728,404   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    18,334,944        587,634,940   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    14,193,179        146,473,608   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    10,619,270        218,756,967   

TCW Core Fixed Income Portfolio
(Class A) (b)

    75,017,284        778,679,404   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    27,983,484        293,826,581   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    21,654,543        291,903,244   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    48,249,487        578,511,354   
   

 

 

 

Total Mutual Funds
(Cost $14,296,201,020)

      14,545,746,081   
   

 

 

 

Total Investments—100.0%
(Cost $14,296,201,020) (d)

      14,545,746,081   

Other assets and liabilities
(net)—(0.0)%

      (3,722,000
   

 

 

 
Net Assets—100.0%     $ 14,542,024,081   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of September 30, 2016, the aggregate cost of investments was $14,296,201,020. The aggregate unrealized appreciation and depreciation of investments were $699,347,503 and $(449,802,442), respectively, resulting in net unrealized appreciation of $249,545,061.

 

MSF-167


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 14,545,746,081       $ —         $ —         $ 14,545,746,081   

Total Investments

   $ 14,545,746,081       $ —         $ —         $ 14,545,746,081   
                                     

 

MSF-168


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of September 30, 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)

    36,579,997      $ 385,918,968   

BlackRock Bond Income Portfolio (Class A) (a)

    2,987,923        325,414,731   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    11,367,970        389,352,985   

BlackRock High Yield Portfolio
(Class A) (b)

    7,385,353        55,464,000   

BlackRock Large Cap Value Portfolio (Class A) (a)

    45,794,331        390,167,700   

Clarion Global Real Estate Portfolio (Class A) (b)

    21,838,515        271,452,739   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    33,596,526        528,473,349   

Frontier Mid Cap Growth Portfolio (Class A) (a)

    1,766,487        55,662,000   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    10,136,007        111,090,636   

Harris Oakmark International Portfolio (Class A) (b)

    37,749,597        469,227,488   

Invesco Comstock Portfolio
(Class A) (b)

    37,596,472        501,160,976   

Invesco Small Cap Growth Portfolio (Class A) (b)

    20,804,620        277,533,629   

Jennison Growth Portfolio
(Class A) (a)

    41,439,007        556,111,477   

JPMorgan Core Bond Portfolio
(Class A) (b)

    20,514,691        216,019,696   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    10,474,344        166,961,040   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    11,468,124        138,305,573   

Met/Aberdeen Emerging Markets Equity Portfolio (Class A) (b)

    28,771,764        275,058,064   

Met/Artisan International Portfolio (Class A) (b)

    36,889,595        348,237,774   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    258,584        55,704,133   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    17,276,672        221,832,468   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    10,860,644        110,126,928   

Met/Templeton International Bond Portfolio (Class A) (b)

    32,981,227        312,002,412   

Met/Wellington Core Equity Opportunities Portfolio (Class A) (a)

    19,106,068        541,657,034   

Met/Wellington Large Cap Research Portfolio (Class A) (b)

    28,756,157        388,783,237   

Affiliated Investment Companies—(Continued)

  

MetLife Small Cap Value Portfolio (Class A) (b)

    11,814,525      167,057,389   

MFS Research International Portfolio (Class A) (b)

    31,680,431        331,694,110   

MFS Value Portfolio (Class A) (a)

    37,557,933        550,599,305   

Morgan Stanley Mid Cap Growth Portfolio (Class A) (b) (c)

    3,485,777        55,528,425   

Neuberger Berman Genesis Portfolio (Class A) (a)

    2,780,211        55,353,994   

Oppenheimer Global Equity Portfolio (Class A) (b)

    8,651,865        166,202,324   

PIMCO Inflation Protected Bond Portfolio (Class A) (b) (c)

    16,415,579        163,827,483   

PIMCO Total Return Portfolio
(Class A) (b)

    28,168,165        326,469,037   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    24,855,419        501,085,247   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    15,642,350        501,337,303   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    10,763,267        111,076,913   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    8,058,899        166,013,323   

TCW Core Fixed Income Portfolio (Class A) (b)

    25,938,814        269,244,888   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    31,867,128        334,604,841   

Western Asset Management Strategic Bond Opportunities Portfolio
(Class A) (a)

    16,406,397        221,158,236   
   

 

 

 

Total Mutual Funds
(Cost $10,699,322,588)

      11,012,971,855   
   

 

 

 

Total Investments—100.0%
(Cost $10,699,322,588) (d)

      11,012,971,855   

Other assets and liabilities
(net)—(0.0)%

      (2,869,470
   

 

 

 
Net Assets—100.0%     $ 11,010,102,385   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of September 30, 2016, the aggregate cost of investments was $10,699,322,588. The aggregate unrealized appreciation and depreciation of investments were $680,608,797 and $(366,959,530), respectively, resulting in net unrealized appreciation of $313,649,267.

 

MSF-169


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 11,012,971,855       $ —         $ —         $ 11,012,971,855   

Total Investments

   $ 11,012,971,855       $ —         $ —         $ 11,012,971,855   
                                     

 

MSF-170


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—94.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.9%

  

BE Aerospace, Inc.

    64,038      $ 3,308,203   

Curtiss-Wright Corp.

    27,993        2,550,442   

Esterline Technologies Corp. (a)

    18,524        1,408,565   

Huntington Ingalls Industries, Inc.

    29,484        4,523,435   

KLX, Inc. (a)

    33,213        1,169,098   

Orbital ATK, Inc.

    36,899        2,812,811   

Teledyne Technologies, Inc. (a)

    21,839        2,357,083   

Triumph Group, Inc.

    31,211        870,163   
   

 

 

 
      18,999,800   
   

 

 

 

Airlines—0.4%

  

JetBlue Airways Corp. (a)

    203,937        3,515,874   
   

 

 

 

Auto Components—0.5%

  

Dana, Inc.

    90,383        1,409,071   

Gentex Corp.

    180,720        3,173,443   
   

 

 

 
      4,582,514   
   

 

 

 

Automobiles—0.3%

  

Thor Industries, Inc.

    30,095        2,549,046   
   

 

 

 

Banks—5.5%

  

Associated Banc-Corp.

    93,630        1,834,212   

BancorpSouth, Inc.

    54,227        1,258,066   

Bank of Hawaii Corp.

    27,012        1,961,611   

Bank of the Ozarks, Inc.

    57,236        2,197,862   

Cathay General Bancorp

    46,712        1,437,795   

Chemical Financial Corp.

    44,089        1,945,648   

Commerce Bancshares, Inc.

    52,330        2,577,776   

Cullen/Frost Bankers, Inc. (b)

    34,831        2,505,742   

East West Bancorp, Inc.

    90,805        3,333,452   

First Horizon National Corp.

    146,205        2,226,702   

FNB Corp.

    132,406        1,628,594   

Fulton Financial Corp.

    109,052        1,583,435   

Hancock Holding Co.

    48,863        1,584,627   

International Bancshares Corp.

    36,570        1,089,055   

MB Financial, Inc.

    44,972        1,710,735   

PacWest Bancorp

    75,877        3,255,882   

PrivateBancorp, Inc.

    50,094        2,300,316   

Prosperity Bancshares, Inc.

    43,782        2,403,194   

Signature Bank (a)

    33,828        4,006,927   

SVB Financial Group (a)

    32,792        3,624,828   

Synovus Financial Corp.

    77,465        2,519,936   

TCF Financial Corp.

    107,782        1,563,917   

Trustmark Corp.

    42,613        1,174,414   

Umpqua Holdings Corp.

    138,755        2,088,263   

Valley National Bancorp

    160,356        1,560,264   

Webster Financial Corp.

    57,767        2,195,724   
   

 

 

 
      55,568,977   
   

 

 

 

Beverages—0.1%

  

Boston Beer Co., Inc. (The) - Class A (a)

    5,707        886,069   
   

 

 

 

Biotechnology—0.3%

  

United Therapeutics Corp. (a)

    27,391        3,234,329   
   

 

 

 

Building Products—0.8%

  

A.O. Smith Corp.

    46,715      4,614,975   

Lennox International, Inc.

    24,655        3,871,574   
   

 

 

 
      8,486,549   
   

 

 

 

Capital Markets—3.4%

  

CBOE Holdings, Inc.

    51,221        3,321,682   

Eaton Vance Corp.

    71,474        2,791,060   

FactSet Research Systems, Inc.

    25,617        4,152,516   

Federated Investors, Inc. - Class B

    59,128        1,751,963   

Janus Capital Group, Inc.

    90,215        1,263,912   

MarketAxess Holdings, Inc.

    23,711        3,926,304   

MSCI, Inc.

    59,630        5,005,342   

Raymond James Financial, Inc.

    79,460        4,625,367   

SEI Investments Co.

    85,393        3,894,775   

Stifel Financial Corp. (a)

    41,721        1,604,172   

Waddell & Reed Financial, Inc. - Class A

    52,201        947,970   

WisdomTree Investments, Inc. (b)

    72,295        743,915   
   

 

 

 
      34,028,978   
   

 

 

 

Chemicals—2.8%

  

Ashland Global Holdings, Inc.

    39,133        4,537,471   

Cabot Corp.

    39,307        2,060,080   

Minerals Technologies, Inc.

    21,952        1,551,787   

NewMarket Corp.

    5,824        2,500,360   

Olin Corp.

    104,077        2,135,660   

PolyOne Corp.

    52,976        1,791,119   

RPM International, Inc.

    83,893        4,506,732   

Scotts Miracle-Gro Co. (The) - Class A

    28,550        2,377,358   

Sensient Technologies Corp.

    28,219        2,139,000   

Valspar Corp. (The)

    45,956        4,874,553   
   

 

 

 
      28,474,120   
   

 

 

 

Commercial Services & Supplies—1.2%

  

Clean Harbors, Inc. (a)

    32,969        1,581,853   

Copart, Inc. (a)

    61,344        3,285,585   

Deluxe Corp.

    30,730        2,053,379   

Herman Miller, Inc.

    37,712        1,078,563   

HNI Corp.

    28,013        1,114,917   

MSA Safety, Inc.

    19,625        1,139,035   

Rollins, Inc. (b)

    60,526        1,772,201   
   

 

 

 
      12,025,533   
   

 

 

 

Communications Equipment—1.4%

  

ARRIS International plc (a)

    120,152        3,403,906   

Brocade Communications Systems, Inc.

    252,606        2,331,553   

Ciena Corp. (a)

    87,033        1,897,319   

InterDigital, Inc.

    21,584        1,709,453   

NetScout Systems, Inc. (a)

    57,968        1,695,564   

Plantronics, Inc.

    20,911        1,086,536   

ViaSat, Inc. (a) (b)

    28,573        2,132,975   
   

 

 

 
      14,257,306   
   

 

 

 

Construction & Engineering—1.1%

  

AECOM (a)

    96,849        2,879,321   

Dycom Industries, Inc. (a)

    19,803        1,619,489   

 

MSF-171


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Construction & Engineering—(Continued)

  

EMCOR Group, Inc.

    38,313      $ 2,284,221   

Granite Construction, Inc.

    24,952        1,241,113   

KBR, Inc.

    89,779        1,358,356   

Valmont Industries, Inc.

    14,265        1,919,641   
   

 

 

 
      11,302,141   
   

 

 

 

Construction Materials—0.2%

  

Eagle Materials, Inc.

    30,398        2,349,765   
   

 

 

 

Consumer Finance—0.2%

  

SLM Corp. (a)

    269,658        2,014,345   
   

 

 

 

Containers & Packaging—1.6%

  

AptarGroup, Inc.

    39,658        3,069,926   

Bemis Co., Inc.

    59,681        3,044,328   

Greif, Inc. - Class A

    16,246        805,639   

Packaging Corp. of America

    59,379        4,825,138   

Silgan Holdings, Inc.

    25,914        1,310,989   

Sonoco Products Co.

    63,164        3,336,954   
   

 

 

 
      16,392,974   
   

 

 

 

Distributors—0.3%

  

Pool Corp.

    26,496        2,504,402   
   

 

 

 

Diversified Consumer Services—0.7%

  

DeVry Education Group, Inc. (b)

    35,755        824,510   

Graham Holdings Co. - Class B

    2,932        1,411,377   

Service Corp. International

    122,015        3,238,278   

Sotheby’s (b)

    30,225        1,149,155   
   

 

 

 
      6,623,320   
   

 

 

 

Electric Utilities—1.9%

  

Great Plains Energy, Inc.

    130,667        3,565,903   

Hawaiian Electric Industries, Inc.

    68,179        2,035,143   

IDACORP, Inc.

    31,761        2,486,251   

OGE Energy Corp.

    125,841        3,979,092   

PNM Resources, Inc.

    50,193        1,642,315   

Westar Energy, Inc.

    89,313        5,068,513   
   

 

 

 
      18,777,217   
   

 

 

 

Electrical Equipment—0.7%

  

EnerSys

    27,365        1,893,384   

Hubbell, Inc.

    32,428        3,493,793   

Regal-Beloit Corp.

    28,201        1,677,678   
   

 

 

 
      7,064,855   
   

 

 

 

Electronic Equipment, Instruments & Components—3.8%

  

Arrow Electronics, Inc. (a)

    57,511        3,678,979   

Avnet, Inc.

    80,259        3,295,434   

Belden, Inc.

    26,542        1,831,133   

Cognex Corp.

    53,631        2,834,935   

Ingram Micro, Inc. - Class A

    94,307        3,362,988   

IPG Photonics Corp. (a)

    23,446        1,930,778   

Jabil Circuit, Inc.

    120,411        2,627,368   

Keysight Technologies, Inc. (a)

    107,085        3,393,524   

Electronic Equipment, Instruments & Components—(Continued)

  

Knowles Corp. (a)

    55,888      785,226   

National Instruments Corp.

    66,453        1,887,265   

SYNNEX Corp.

    18,292        2,087,300   

Tech Data Corp. (a)

    22,190        1,879,715   

Trimble Navigation, Ltd. (a)

    157,016        4,484,377   

VeriFone Systems, Inc. (a)

    69,929        1,100,682   

Vishay Intertechnology, Inc.

    84,927        1,196,621   

Zebra Technologies Corp. - Class A (a)

    33,251        2,314,602   
   

 

 

 
      38,690,927   
   

 

 

 

Energy Equipment & Services—1.4%

  

Diamond Offshore Drilling, Inc.

    40,625        715,406   

Dril-Quip, Inc. (a)

    23,675        1,319,645   

Ensco plc - Class A

    189,925        1,614,362   

Nabors Industries, Ltd.

    178,569        2,171,399   

Noble Corp. plc

    153,262        971,681   

Oceaneering International, Inc.

    61,792        1,699,898   

Oil States International, Inc. (a)

    32,353        1,021,384   

Patterson-UTI Energy, Inc.

    93,092        2,082,468   

Rowan Cos. plc - Class A

    79,033        1,198,140   

Superior Energy Services, Inc.

    95,593        1,711,115   
   

 

 

 
      14,505,498   
   

 

 

 

Equity Real Estate Investment Trusts—10.8%

  

Alexandria Real Estate Equities, Inc.

    49,135        5,344,414   

American Campus Communities, Inc.

    82,213        4,182,175   

Camden Property Trust (b)

    55,082        4,612,567   

Care Capital Properties, Inc.

    52,896        1,507,536   

Communications Sales & Leasing, Inc.

    85,659        2,690,549   

Corporate Office Properties Trust

    59,711        1,692,807   

Corrections Corp. of America

    74,056        1,027,157   

DCT Industrial Trust, Inc.

    56,807        2,757,980   

Douglas Emmett, Inc.

    90,415        3,311,901   

Duke Realty Corp.

    221,028        6,040,695   

Education Realty Trust, Inc.

    46,031        1,985,777   

EPR Properties

    40,094        3,157,002   

Equity One, Inc.

    57,981        1,774,798   

First Industrial Realty Trust, Inc.

    73,640        2,078,121   

Healthcare Realty Trust, Inc.

    73,009        2,486,686   

Highwoods Properties, Inc.

    62,140        3,238,737   

Hospitality Properties Trust

    103,476        3,075,307   

Kilroy Realty Corp.

    58,086        4,028,264   

Lamar Advertising Co. - Class A

    52,206        3,409,574   

LaSalle Hotel Properties

    71,246        1,700,642   

Liberty Property Trust

    92,466        3,731,003   

Life Storage, Inc.

    29,236        2,600,250   

Mack-Cali Realty Corp.

    56,493        1,537,739   

Medical Properties Trust, Inc.

    184,719        2,728,300   

Mid-America Apartment Communities, Inc.

    47,598        4,473,736   

National Retail Properties, Inc.

    92,633        4,710,388   

Omega Healthcare Investors, Inc.

    121,896        4,321,213   

Post Properties, Inc.

    33,712        2,229,375   

Potlatch Corp.

    25,532        992,939   

Rayonier, Inc.

    77,424        2,054,833   

Regency Centers Corp.

    65,844        5,102,252   

Senior Housing Properties Trust

    149,649        3,398,529   

 

MSF-172


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Equity Real Estate Investment Trusts—(Continued)

  

Tanger Factory Outlet Centers, Inc.

    60,528      $ 2,358,171   

Taubman Centers, Inc.

    38,057        2,831,821   

Urban Edge Properties

    57,641        1,622,018   

Washington Prime Group, Inc.

    116,795        1,445,922   

Weingarten Realty Investors

    74,108        2,888,730   
   

 

 

 
      109,129,908   
   

 

 

 

Food & Staples Retailing—0.6%

  

Casey’s General Stores, Inc.

    24,689        2,966,383   

Sprouts Farmers Market, Inc. (a)

    87,917        1,815,486   

United Natural Foods, Inc. (a)

    31,747        1,271,150   
   

 

 

 
      6,053,019   
   

 

 

 

Food Products—2.7%

  

Dean Foods Co.

    56,979        934,456   

Flowers Foods, Inc. (b)

    114,715        1,734,491   

Hain Celestial Group, Inc. (The) (a) (b)

    65,187        2,319,353   

Ingredion, Inc.

    45,485        6,052,234   

Lancaster Colony Corp.

    12,270        1,620,744   

Post Holdings, Inc. (a)

    40,739        3,143,829   

Snyder’s-Lance, Inc.

    53,880        1,809,290   

Tootsie Roll Industries, Inc. (b)

    11,081        408,113   

TreeHouse Foods, Inc. (a)

    35,740        3,116,171   

WhiteWave Foods Co. (The) (a)

    111,659        6,077,599   
   

 

 

 
      27,216,280   
   

 

 

 

Gas Utilities—2.0%

  

Atmos Energy Corp.

    65,439        4,873,242   

National Fuel Gas Co.

    53,555        2,895,719   

New Jersey Resources Corp.

    54,287        1,783,871   

ONE Gas, Inc.

    32,919        2,035,711   

Southwest Gas Corp.

    29,921        2,090,281   

UGI Corp.

    109,170        4,938,851   

WGL Holdings, Inc.

    32,175        2,017,372   
   

 

 

 
      20,635,047   
   

 

 

 

Health Care Equipment & Supplies—3.8%

  

ABIOMED, Inc. (a)

    25,220        3,242,788   

Align Technology, Inc. (a)

    47,415        4,445,156   

Halyard Health, Inc. (a)

    29,408        1,019,281   

Hill-Rom Holdings, Inc.

    37,540        2,326,729   

IDEXX Laboratories, Inc. (a)

    56,424        6,360,678   

LivaNova plc (a)

    27,831        1,672,921   

NuVasive, Inc. (a)

    31,643        2,109,322   

ResMed, Inc. (b)

    88,661        5,744,346   

STERIS plc

    54,286        3,968,307   

Teleflex, Inc.

    27,749        4,663,220   

West Pharmaceutical Services, Inc.

    46,138        3,437,281   
   

 

 

 
      38,990,029   
   

 

 

 

Health Care Providers & Services—1.9%

  

Amsurg Corp. (a)

    34,538        2,315,773   

Community Health Systems, Inc. (a) (b)

    71,607        826,345   

LifePoint Health, Inc. (a) (b)

    26,890        1,592,695   

MEDNAX, Inc. (a)

    57,983        3,841,374   

Health Care Providers & Services—(Continued)

  

Molina Healthcare, Inc. (a)

    26,845      1,565,600   

Owens & Minor, Inc.

    39,325        1,365,757   

Tenet Healthcare Corp. (a)

    50,168        1,136,807   

VCA, Inc. (a)

    50,957        3,565,971   

WellCare Health Plans, Inc. (a)

    27,895        3,266,225   
   

 

 

 
      19,476,547   
   

 

 

 

Health Care Technology—0.2%

  

Allscripts Healthcare Solutions, Inc. (a)

    117,559        1,548,252   
   

 

 

 

Hotels, Restaurants & Leisure—2.3%

  

Brinker International, Inc. (b)

    34,610        1,745,382   

Buffalo Wild Wings, Inc. (a)

    11,531        1,622,873   

Cheesecake Factory, Inc. (The)

    28,176        1,410,491   

Churchill Downs, Inc.

    7,840        1,147,384   

Cracker Barrel Old Country Store, Inc. (b)

    15,087        1,994,803   

Domino’s Pizza, Inc.

    30,410        4,617,759   

Dunkin’ Brands Group, Inc.

    57,812        3,010,849   

International Speedway Corp. - Class A

    16,404        548,222   

Jack in the Box, Inc.

    20,593        1,975,692   

Panera Bread Co. - Class A (a)

    14,031        2,732,116   

Texas Roadhouse, Inc.

    40,392        1,576,500   

Wendy’s Co. (The)

    128,410        1,386,828   
   

 

 

 
      23,768,899   
   

 

 

 

Household Durables—1.5%

  

CalAtlantic Group, Inc.

    47,003        1,571,780   

Helen of Troy, Ltd. (a)

    17,541        1,511,508   

KB Home (b)

    52,129        840,319   

NVR, Inc. (a)

    2,284        3,745,463   

Tempur Sealy International, Inc. (a) (b)

    32,024        1,817,042   

Toll Brothers, Inc. (a)

    95,099        2,839,656   

TRI Pointe Group, Inc. (a)

    92,117        1,214,102   

Tupperware Brands Corp.

    31,845        2,081,708   
   

 

 

 
      15,621,578   
   

 

 

 

Household Products—0.2%

  

Energizer Holdings, Inc.

    39,008        1,948,840   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

Talen Energy Corp. (a)

    54,263        751,543   
   

 

 

 

Industrial Conglomerates—0.4%

  

Carlisle Cos., Inc.

    40,720        4,176,650   
   

 

 

 

Insurance—4.6%

  

Alleghany Corp. (a)

    9,729        5,107,920   

American Financial Group, Inc.

    45,994        3,449,550   

Aspen Insurance Holdings, Ltd.

    37,938        1,767,531   

Brown & Brown, Inc.

    72,243        2,724,283   

CNO Financial Group, Inc.

    110,363        1,685,243   

Endurance Specialty Holdings, Ltd.

    40,455        2,647,780   

Everest Re Group, Ltd.

    26,396        5,014,448   

First American Financial Corp.

    69,138        2,715,741   

Genworth Financial, Inc. - Class A (a)

    314,024        1,557,559   

 

MSF-173


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Insurance—(Continued)

  

Hanover Insurance Group, Inc. (The)

    26,935      $ 2,031,438   

Kemper Corp.

    30,610        1,203,585   

Mercury General Corp.

    22,980        1,260,453   

Old Republic International Corp.

    153,802        2,709,991   

Primerica, Inc.

    29,284        1,552,930   

Reinsurance Group of America, Inc.

    40,371        4,357,646   

RenaissanceRe Holdings, Ltd.

    25,967        3,120,195   

W.R. Berkley Corp.

    61,883        3,574,362   
   

 

 

 
      46,480,655   
   

 

 

 

Internet & Direct Marketing Retail—0.1%

  

HSN, Inc.

    20,089        799,542   
   

 

 

 

Internet Software & Services—0.6%

  

comScore, Inc. (a) (b)

    28,210        864,919   

j2 Global, Inc. (b)

    30,255        2,015,285   

Rackspace Hosting, Inc. (a)

    67,384        2,135,399   

WebMD Health Corp. (a)

    24,567        1,220,980   
   

 

 

 
      6,236,583   
   

 

 

 

IT Services—3.7%

  

Acxiom Corp. (a)

    48,778        1,299,934   

Broadridge Financial Solutions, Inc.

    74,532        5,052,524   

Computer Sciences Corp.

    88,489        4,620,011   

Convergys Corp.

    60,436        1,838,463   

CoreLogic, Inc. (a)

    55,640        2,182,201   

DST Systems, Inc.

    20,554        2,423,728   

Gartner, Inc. (a) (c)

    52,064        4,605,061   

Jack Henry & Associates, Inc.

    49,489        4,233,784   

Leidos Holdings, Inc.

    89,574        3,876,763   

MAXIMUS, Inc.

    40,891        2,312,795   

NeuStar, Inc. - Class A (a) (b)

    34,350        913,366   

Science Applications International Corp.

    28,246        1,959,425   

WEX, Inc. (a)

    24,228        2,618,804   
   

 

 

 
      37,936,859   
   

 

 

 

Leisure Products—0.7%

  

Brunswick Corp.

    56,851        2,773,192   

Polaris Industries, Inc. (b)

    37,560        2,908,647   

Vista Outdoor, Inc. (a)

    38,019        1,515,437   
   

 

 

 
      7,197,276   
   

 

 

 

Life Sciences Tools & Services—0.9%

  

Bio-Rad Laboratories, Inc. - Class A (a)

    13,016        2,132,151   

Bio-Techne Corp.

    23,502        2,573,469   

Charles River Laboratories International, Inc. (a)

    29,802        2,483,699   

PAREXEL International Corp. (a)

    33,327        2,314,560   
   

 

 

 
      9,503,879   
   

 

 

 

Machinery—4.5%

  

AGCO Corp.

    42,936        2,117,603   

CLARCOR, Inc.

    30,726        1,997,190   

Crane Co.

    31,280        1,970,953   

Donaldson Co., Inc.

    83,889        3,131,576   

Machinery—(Continued)

  

Graco, Inc.

    35,086      2,596,364   

IDEX Corp.

    47,974        4,488,927   

ITT, Inc.

    56,461        2,023,562   

Joy Global, Inc.

    61,856        1,715,885   

Kennametal, Inc.

    50,223        1,457,471   

Lincoln Electric Holdings, Inc.

    39,843        2,494,969   

Nordson Corp.

    33,517        3,339,299   

Oshkosh Corp.

    46,306        2,593,136   

Terex Corp.

    68,433        1,738,883   

Timken Co. (The)

    44,397        1,560,111   

Toro Co. (The)

    68,882        3,226,433   

Trinity Industries, Inc.

    96,029        2,321,981   

Wabtec Corp.

    56,789        4,636,822   

Woodward, Inc.

    34,868        2,178,553   
   

 

 

 
      45,589,718   
   

 

 

 

Marine—0.2%

  

Kirby Corp. (a)

    33,937        2,109,524   
   

 

 

 

Media—1.3%

  

AMC Networks, Inc. - Class A (a)

    37,755        1,957,974   

Cable One, Inc.

    2,956        1,726,304   

Cinemark Holdings, Inc.

    66,644        2,551,132   

John Wiley & Sons, Inc. - Class A

    28,193        1,455,041   

Live Nation Entertainment, Inc. (a)

    83,182        2,285,841   

Meredith Corp.

    23,023        1,196,966   

New York Times Co. (The) - Class A

    76,722        916,828   

Time, Inc.

    63,077        913,355   
   

 

 

 
      13,003,441   
   

 

 

 

Metals & Mining—1.9%

  

Allegheny Technologies, Inc. (b)

    68,681        1,241,066   

Carpenter Technology Corp.

    29,372        1,211,889   

Commercial Metals Co.

    72,232        1,169,436   

Compass Minerals International, Inc.

    21,293        1,569,294   

Reliance Steel & Aluminum Co.

    45,704        3,292,059   

Royal Gold, Inc.

    41,129        3,184,618   

Steel Dynamics, Inc.

    153,604        3,838,564   

United States Steel Corp. (b)

    106,158        2,002,140   

Worthington Industries, Inc.

    27,775        1,334,033   
   

 

 

 
      18,843,099   
   

 

 

 

Multi-Utilities—0.9%

  

Black Hills Corp.

    32,972        2,018,546   

MDU Resources Group, Inc.

    123,069        3,130,875   

NorthWestern Corp.

    30,443        1,751,386   

Vectren Corp.

    52,198        2,620,340   
   

 

 

 
      9,521,147   
   

 

 

 

Multiline Retail—0.3%

  

Big Lots, Inc. (b)

    27,962        1,335,186   

J.C. Penney Co., Inc. (a) (b)

    193,914        1,787,887   
   

 

 

 
      3,123,073   
   

 

 

 

 

MSF-174


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Oil, Gas & Consumable Fuels—2.2%

  

CONSOL Energy, Inc.

    111,325      $ 2,137,440   

Denbury Resources, Inc. (a) (b)

    251,003        810,740   

Energen Corp.

    61,168        3,530,617   

Gulfport Energy Corp. (a)

    78,999        2,231,722   

HollyFrontier Corp.

    111,233        2,725,208   

QEP Resources, Inc.

    150,989        2,948,815   

SM Energy Co.

    54,738        2,111,792   

Western Refining, Inc.

    49,876        1,319,719   

World Fuel Services Corp.

    44,391        2,053,528   

WPX Energy, Inc. (a)

    216,981        2,861,979   
   

 

 

 
      22,731,560   
   

 

 

 

Paper & Forest Products—0.3%

  

Domtar Corp.

    39,437        1,464,296   

Louisiana-Pacific Corp. (a)

    89,578        1,686,754   
   

 

 

 
      3,151,050   
   

 

 

 

Personal Products—0.4%

  

Avon Products, Inc.

    275,385        1,558,679   

Edgewell Personal Care Co. (a)

    37,148        2,954,009   
   

 

 

 
      4,512,688   
   

 

 

 

Pharmaceuticals—0.5%

  

Akorn, Inc. (a)

    55,592        1,515,438   

Catalent, Inc. (a)

    78,606        2,031,179   

Prestige Brands Holdings, Inc. (a)

    33,344        1,609,515   
   

 

 

 
      5,156,132   
   

 

 

 

Professional Services—0.5%

  

CEB, Inc.

    20,294        1,105,414   

FTI Consulting, Inc. (a)

    26,579        1,184,361   

ManpowerGroup, Inc.

    43,185        3,120,548   
   

 

 

 
      5,410,323   
   

 

 

 

Real Estate Management & Development—0.4%

  

Alexander & Baldwin, Inc.

    29,023        1,115,064   

Jones Lang LaSalle, Inc.

    28,470        3,239,601   
   

 

 

 
      4,354,665   
   

 

 

 

Road & Rail—1.0%

  

Avis Budget Group, Inc. (a)

    59,601        2,038,950   

Genesee & Wyoming, Inc. - Class A (a)

    36,073        2,487,233   

Landstar System, Inc.

    26,534        1,806,435   

Old Dominion Freight Line, Inc. (a)

    43,855        3,008,892   

Werner Enterprises, Inc.

    28,152        655,097   
   

 

 

 
      9,996,607   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.3%

  

Advanced Micro Devices, Inc. (a) (b)

    462,752        3,197,616   

Cirrus Logic, Inc. (a)

    39,372        2,092,622   

Cree, Inc. (a)

    63,550        1,634,506   

Cypress Semiconductor Corp.

    202,390        2,461,062   

Integrated Device Technology, Inc. (a)

    84,644        1,955,276   

Intersil Corp. - Class A

    85,382        1,872,427   

Semiconductors & Semiconductor Equipment—(Continued)

  

Microsemi Corp. (a)

    71,324      2,994,182   

Monolithic Power Systems, Inc.

    23,475        1,889,738   

Silicon Laboratories, Inc. (a)

    26,212        1,541,266   

Synaptics, Inc. (a)

    21,936        1,285,011   

Teradyne, Inc.

    127,497        2,751,385   
   

 

 

 
      23,675,091   
   

 

 

 

Software—4.4%

  

ACI Worldwide, Inc. (a)

    73,835        1,430,922   

ANSYS, Inc. (a)

    54,960        5,089,846   

Cadence Design Systems, Inc. (a)

    184,216        4,703,035   

CDK Global, Inc.

    94,612        5,426,944   

CommVault Systems, Inc. (a)

    26,033        1,383,133   

Fair Isaac Corp.

    19,443        2,422,403   

Fortinet, Inc. (a)

    92,495        3,415,840   

Manhattan Associates, Inc. (a)

    45,121        2,599,872   

Mentor Graphics Corp.

    68,154        1,801,992   

PTC, Inc. (a)

    72,439        3,209,772   

Synopsys, Inc. (a)

    95,365        5,659,913   

Tyler Technologies, Inc. (a)

    20,839        3,568,262   

Ultimate Software Group, Inc. (The) (a)

    18,235        3,727,052   
   

 

 

 
      44,438,986   
   

 

 

 

Specialty Retail—2.3%

  

Aaron’s, Inc.

    40,813        1,037,467   

Abercrombie & Fitch Co. - Class A

    42,636        677,486   

American Eagle Outfitters, Inc.

    107,664        1,922,879   

Ascena Retail Group, Inc. (a)

    105,119        587,615   

Cabela’s, Inc. (a)

    32,357        1,777,370   

Chico’s FAS, Inc.

    83,199        990,068   

CST Brands, Inc.

    47,693        2,293,556   

Dick’s Sporting Goods, Inc.

    55,460        3,145,691   

GameStop Corp. - Class A

    65,504        1,807,255   

Guess?, Inc.

    38,813        567,058   

Murphy USA, Inc. (a)

    23,198        1,655,409   

Office Depot, Inc.

    342,754        1,223,632   

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

    24,053        831,753   

Sally Beauty Holdings, Inc. (a)

    92,281        2,369,776   

Williams-Sonoma, Inc.

    51,686        2,640,121   
   

 

 

 
      23,527,136   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.6%

  

3D Systems Corp. (a) (b)

    67,171        1,205,719   

Diebold, Inc.

    47,335        1,173,435   

Lexmark International, Inc. - Class A

    39,473        1,577,341   

NCR Corp. (a)

    78,012        2,511,206   
   

 

 

 
      6,467,701   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.8%

  

Carter’s, Inc.

    31,545        2,735,267   

Deckers Outdoor Corp. (a)

    20,190        1,202,314   

Fossil Group, Inc. (a) (b)

    26,386        732,739   

Kate Spade & Co. (a)

    80,675        1,381,963   

Skechers USA, Inc. - Class A (a)

    84,011        1,923,852   
   

 

 

 
      7,976,135   
   

 

 

 

 

MSF-175


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Thrifts & Mortgage Finance—0.6%

  

New York Community Bancorp, Inc.

    306,923      $ 4,367,515   

Washington Federal, Inc.

    57,021        1,521,320   
   

 

 

 
      5,888,835   
   

 

 

 

Trading Companies & Distributors—0.7%

  

GATX Corp. (b)

    25,457        1,134,109   

MSC Industrial Direct Co., Inc. - Class A

    28,026        2,057,389   

NOW, Inc. (a)

    67,724        1,451,325   

Watsco, Inc.

    16,253        2,290,048   
   

 

 

 
      6,932,871   
   

 

 

 

Water Utilities—0.3%

  

Aqua America, Inc.

    111,743        3,405,927   
   

 

 

 

Wireless Telecommunication Services—0.2%

  

Telephone & Data Systems, Inc.

    58,623        1,593,373   
   

 

 

 

Total Common Stocks
(Cost $736,770,830)

      955,715,007   
   

 

 

 
Mutual Fund—3.5%   

Investment Company Security—3.5%

  

SPDR S&P MidCap 400 ETF Trust (b)
(Cost $34,805,670)

    126,500        35,707,155   
   

 

 

 
Short-Term Investments—2.2%   

Discount Notes—1.6%

  

Federal Home Loan Bank
0.237%, 10/05/16 (d)

    950,000        949,969   

0.301%, 10/07/16 (d)

    150,000        149,991   

0.302%, 10/26/16 (d)

    1,350,000        1,349,710   

0.353%, 10/18/16 (d)

    11,175,000        11,173,053   

0.445%, 03/24/17 (d)

    3,000,000        2,993,620   
   

 

 

 
      16,616,343   
   

 

 

 

U.S. Treasury—0.6%

  

U.S. Treasury Bills
0.233%, 10/27/16 (d)

    125,000        124,978   

0.293%, 11/17/16 (d)

    475,000        474,817   

0.415%, 02/16/17 (d)

    5,625,000        5,616,128   
   

 

 

 
      6,215,923   
   

 

 

 

Total Short-Term Investments
(Cost $22,832,266)

      22,832,266   
   

 

 

 
Securities Lending Reinvestments (e)—5.1%   

Certificates of Deposit—2.1%

  

Abbey National Treasury Services
0.440%, 10/03/16

    1,000,000        1,000,000   

Certificates of Deposit—(Continued)

  

ABN AMRO Bank NV
Zero Coupon, 12/22/16

    1,000,000      997,872   

Bank of Montreal
0.500%, 10/24/16

    1,000,000        1,000,000   

Bank of Nova Scotia
0.750%, 10/19/16

    1,500,000        1,500,163   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    1,500,000        1,500,002   

Chiba Bank, Ltd., New York
0.870%, 11/30/16

    1,500,000        1,500,253   

DZ Bank AG
0.950%, 01/03/17

    1,000,000        1,000,000   

KBC Bank NV
Zero Coupon, 12/27/16

    800,000        798,888   

1.000%, 01/04/17

    1,000,000        1,000,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    2,000,000        2,000,002   

National Bank of Canada
0.420%, 10/06/16

    1,500,000        1,499,999   

0.480%, 10/28/16

    1,500,000        1,499,991   

Norinchukin Bank
0.480%, 10/24/16

    800,000        799,999   

Standard Chartered Bank New York
0.910%, 12/16/16

    600,000        600,046   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    2,000,000        2,000,058   

Swedbank
0.350%, 10/03/16

    2,000,000        1,999,996   
   

 

 

 
      20,697,269   
   

 

 

 

Commercial Paper—1.1%

  

Albion Capital Corp.
0.720%, 10/25/16

    1,500,000        1,499,522   

BNP Paribas
0.510%, 10/21/16

    1,000,000        999,747   

Charta LLC
0.880%, 12/22/16

    2,500,000        2,495,222   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    800,000        799,570   

Credit Suisse AG
0.971%, 10/19/16

    1,500,000        1,499,984   

Kells Funding LLC
1.040%, 01/19/17

    600,000        598,218   

LMA S.A. & LMA Americas
0.580%, 10/14/16

    250,000        249,963   

0.580%, 10/17/16

    250,000        249,940   

Manhattan Asset Funding
0.740%, 11/28/16

    1,000,000        999,009   

Ridgefield Funding Co. LLC
0.650%, 10/26/16

    800,000        799,595   

Thunder Bay Funding LLC
0.920%, 12/21/16

    1,000,000        997,900   
   

 

 

 
      11,188,670   
   

 

 

 

 

MSF-176


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (e)—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Money Market Fund—0.1%

  

Dreyfus Treasury Cash Management Fund

    1,000,000      $ 1,000,000   
   

 

 

 

Repurchase Agreements—1.4%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $5,000,389 on 10/03/16, collateralized by $4,725,075 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $5,100,001.

    5,000,000        5,000,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $6,000,417 on 10/03/16, collateralized by $5,890,340 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $6,120,005.

    6,000,000        6,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/29/16 at 0.650% to be repurchased at $2,000,144 on 10/03/16, collateralized by $1,909,358 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $2,040,853.

    2,000,000        2,000,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $43,170 on 10/03/16, collateralized by $35,665 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $44,031.

    43,168        43,168   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $200,014 on 10/04/16, collateralized by $192,355 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $204,000.

    200,000        200,000   

Repurchase Agreements—(Continued)

  

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,000,038 on 10/03/16, collateralized by $936,180 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,020,021.

    1,000,000      1,000,000   
   

 

 

 
      14,243,168   
   

 

 

 

Time Deposits—0.4%

  

Canadian Imperial Bank
0.260%, 10/03/16

    2,000,000        2,000,000   

DBS Bank, Ltd., Singapore
0.380%, 10/04/16

    1,000,000        1,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    400,000        400,000   

Royal Bank of Canada
0.280%, 10/03/16

    400,000        400,000   
   

 

 

 
      3,800,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $50,927,885)

      50,929,107   
   

 

 

 

Total Investments—105.0%
(Cost $845,336,651) (f)

      1,065,183,535   

Other assets and liabilities (net)—(5.0)%

      (51,010,873
   

 

 

 
Net Assets—100.0%     $ 1,014,172,662   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $48,322,178 and the collateral received consisted of cash in the amount of $48,928,016. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2016, the market value of securities pledged was $2,211,250.
(d) The rate shown represents current yield to maturity.
(e) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(f) As of September 30, 2016, the aggregate cost of investments was $845,336,651. The aggregate unrealized appreciation and depreciation of investments were $274,022,974 and $(54,176,090), respectively, resulting in net unrealized appreciation of $219,846,884.
(ETF)— Exchange-Traded Fund

 

MSF-177


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Futures Contracts

 

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

S&P Midcap 400 E-Mini Index Futures

     12/16/16         142         USD         22,312,487       $ (308,167
              

 

 

 

 

(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 September 30, 2016:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 955,715,007      $ —        $ —         $ 955,715,007   

Total Mutual Fund*

     35,707,155        —          —           35,707,155   
Short-Term Investments          

Discount Notes

     —          16,616,343        —           16,616,343   

U.S. Treasury

     —          6,215,923        —           6,215,923   

Total Short-Term Investments

     —          22,832,266        —           22,832,266   
Securities Lending Reinvestments          

Certificates of Deposit

     —          20,697,269        —           20,697,269   

Commercial Paper

     —          11,188,670        —           11,188,670   

Money Market Fund

     1,000,000        —          —           1,000,000   

Repurchase Agreements

     —          14,243,168        —           14,243,168   

Time Deposits

     —          3,800,000        —           3,800,000   

Total Securities Lending Reinvestments

     1,000,000        49,929,107        —           50,929,107   

Total Investments

   $ 992,422,162      $ 72,761,373      $ —         $ 1,065,183,535   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (48,928,016   $ —         $ (48,928,016
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (308,167   $ —        $ —         $ (308,167

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-178


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—98.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.0%

  

Boeing Co. (The)

    197,674      $ 26,041,573   

General Dynamics Corp.

    97,775        15,170,769   

L-3 Communications Holdings, Inc.

    26,318        3,966,912   

Lockheed Martin Corp.

    86,013        20,619,036   

Northrop Grumman Corp.

    60,845        13,017,788   

Raytheon Co.

    100,546        13,687,327   

Rockwell Collins, Inc.

    44,270        3,733,732   

Textron, Inc.

    91,812        3,649,527   

TransDigm Group, Inc. (a)

    17,060        4,932,387   

United Technologies Corp.

    265,200        26,944,320   
   

 

 

 
      131,763,371   
   

 

 

 

Air Freight & Logistics—0.7%

  

C.H. Robinson Worldwide, Inc.

    48,623        3,425,977   

Expeditors International of Washington, Inc.

    61,688        3,178,166   

FedEx Corp.

    83,233        14,539,140   

United Parcel Service, Inc. - Class B

    235,533        25,757,889   
   

 

 

 
      46,901,172   
   

 

 

 

Airlines—0.5%

  

Alaska Air Group, Inc.

    41,939        2,762,102   

American Airlines Group, Inc.

    180,553        6,610,045   

Delta Air Lines, Inc.

    255,170        10,043,491   

Southwest Airlines Co.

    211,328        8,218,546   

United Continental Holdings, Inc. (a)

    99,965        5,245,164   
   

 

 

 
      32,879,348   
   

 

 

 

Auto Components—0.4%

  

BorgWarner, Inc.

    68,625        2,414,227   

Delphi Automotive plc

    92,937        6,628,267   

Goodyear Tire & Rubber Co. (The)

    89,422        2,888,331   

Johnson Controls International plc

    321,623        14,965,118   
   

 

 

 
      26,895,943   
   

 

 

 

Automobiles—0.5%

  

Ford Motor Co.

    1,329,636        16,048,706   

General Motors Co.

    484,287        15,385,798   

Harley-Davidson, Inc.

    60,920        3,203,783   
   

 

 

 
      34,638,287   
   

 

 

 

Banks—5.3%

  

Bank of America Corp.

    3,477,017        54,415,316   

BB&T Corp.

    277,519        10,468,017   

Citigroup, Inc.

    989,930        46,754,394   

Citizens Financial Group, Inc.

    176,996        4,373,571   

Comerica, Inc.

    59,252        2,803,805   

Fifth Third Bancorp

    261,121        5,342,536   

Huntington Bancshares, Inc.

    369,862        3,646,839   

JPMorgan Chase & Co.

    1,230,688        81,951,514   

KeyCorp

    368,724        4,487,371   

M&T Bank Corp.

    53,415        6,201,481   

People’s United Financial, Inc.

    105,951        1,676,145   

PNC Financial Services Group, Inc. (The)

    167,435        15,084,219   

Regions Financial Corp.

    427,675        4,221,152   

SunTrust Banks, Inc.

    170,842        7,482,879   

Banks—(Continued)

  

U.S. Bancorp

    548,170      23,511,011   

Wells Fargo & Co.

    1,547,224        68,511,079   

Zions Bancorporation

    69,886        2,167,864   
   

 

 

 
      343,099,193   
   

 

 

 

Beverages—2.2%

  

Brown-Forman Corp. - Class B

    62,145        2,948,159   

Coca-Cola Co. (The)

    1,323,516        56,011,197   

Constellation Brands, Inc. - Class A

    60,359        10,049,170   

Dr Pepper Snapple Group, Inc.

    63,172        5,768,235   

Molson Coors Brewing Co. - Class B

    62,764        6,891,487   

Monster Beverage Corp. (a)

    46,050        6,760,601   

PepsiCo, Inc.

    490,355        53,335,913   
   

 

 

 
      141,764,762   
   

 

 

 

Biotechnology—3.0%

  

AbbVie, Inc.

    554,883        34,996,471   

Alexion Pharmaceuticals, Inc. (a)

    76,407        9,362,914   

Amgen, Inc.

    254,985        42,534,048   

Biogen, Inc. (a)

    74,660        23,370,820   

Celgene Corp. (a)

    264,100        27,606,373   

Gilead Sciences, Inc.

    449,639        35,575,437   

Regeneron Pharmaceuticals, Inc. (a)

    25,715        10,337,944   

Vertex Pharmaceuticals, Inc. (a)

    84,424        7,362,617   
   

 

 

 
      191,146,624   
   

 

 

 

Building Products—0.1%

  

Allegion plc

    32,674        2,251,565   

Fortune Brands Home & Security, Inc.

    52,438        3,046,648   

Masco Corp.

    112,512        3,860,287   
   

 

 

 
      9,158,500   
   

 

 

 

Capital Markets—2.5%

  

Affiliated Managers Group, Inc. (a)

    18,356        2,656,113   

Ameriprise Financial, Inc.

    55,000        5,487,350   

Bank of New York Mellon Corp. (The)

    363,781        14,507,586   

BlackRock, Inc.

    41,571        15,067,825   

Charles Schwab Corp. (The)

    410,208        12,950,267   

CME Group, Inc.

    115,455        12,067,357   

E*Trade Financial Corp. (a)

    93,250        2,715,440   

Franklin Resources, Inc.

    119,741        4,259,187   

Goldman Sachs Group, Inc. (The)

    128,480        20,719,970   

Intercontinental Exchange, Inc.

    40,592        10,933,861   

Invesco, Ltd.

    139,668        4,367,418   

Legg Mason, Inc.

    31,424        1,052,075   

Moody’s Corp.

    57,003        6,172,285   

Morgan Stanley

    501,577        16,080,559   

Nasdaq, Inc.

    38,898        2,627,171   

Northern Trust Corp.

    72,572        4,934,170   

S&P Global, Inc.

    89,951        11,384,199   

State Street Corp.

    124,914        8,697,762   

T. Rowe Price Group, Inc.

    84,687        5,631,685   
   

 

 

 
      162,312,280   
   

 

 

 

 

MSF-179


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Chemicals—2.1%

  

Air Products & Chemicals, Inc.

    73,784      $ 11,092,687   

Albemarle Corp.

    38,298        3,274,096   

CF Industries Holdings, Inc.

    79,432        1,934,169   

Dow Chemical Co. (The)

    383,937        19,899,455   

E.I. du Pont de Nemours & Co.

    297,903        19,950,564   

Eastman Chemical Co.

    50,329        3,406,267   

Ecolab, Inc.

    89,418        10,883,959   

FMC Corp.

    45,591        2,203,869   

International Flavors & Fragrances, Inc.

    27,119        3,877,203   

LyondellBasell Industries NV - Class A

    116,150        9,368,659   

Monsanto Co.

    149,093        15,237,305   

Mosaic Co. (The)

    119,319        2,918,543   

PPG Industries, Inc.

    90,729        9,377,749   

Praxair, Inc.

    97,185        11,742,863   

Sherwin-Williams Co. (The)

    27,338        7,563,331   
   

 

 

 
      132,730,719   
   

 

 

 

Commercial Services & Supplies—0.3%

  

Cintas Corp.

    29,115        3,278,349   

Pitney Bowes, Inc.

    63,234        1,148,329   

Republic Services, Inc.

    79,434        4,007,445   

Stericycle, Inc. (a)

    28,976        2,322,137   

Waste Management, Inc.

    138,642        8,839,814   
   

 

 

 
      19,596,074   
   

 

 

 

Communications Equipment—1.1%

  

Cisco Systems, Inc.

    1,713,742        54,359,896   

F5 Networks, Inc. (a)

    22,558        2,811,629   

Harris Corp.

    42,325        3,877,394   

Juniper Networks, Inc.

    130,484        3,139,445   

Motorola Solutions, Inc.

    56,807        4,333,238   
   

 

 

 
      68,521,602   
   

 

 

 

Construction & Engineering—0.1%

  

Fluor Corp.

    47,445        2,434,877   

Jacobs Engineering Group, Inc. (a)

    41,373        2,139,812   

Quanta Services, Inc. (a)

    51,473        1,440,729   
   

 

 

 
      6,015,418   
   

 

 

 

Construction Materials—0.1%

  

Martin Marietta Materials, Inc.

    21,615        3,871,463   

Vulcan Materials Co.

    45,341        5,156,632   
   

 

 

 
      9,028,095   
   

 

 

 

Consumer Finance—0.7%

  

American Express Co.

    264,393        16,931,728   

Capital One Financial Corp.

    172,432        12,385,790   

Discover Financial Services

    137,525        7,777,039   

Navient Corp.

    108,020        1,563,049   

Synchrony Financial

    269,931        7,558,068   
   

 

 

 
      46,215,674   
   

 

 

 

Containers & Packaging—0.3%

  

Avery Dennison Corp.

    30,276        2,355,170   

Containers & Packaging—(Continued)

  

Ball Corp.

    59,364      4,864,880   

International Paper Co.

    140,106        6,722,286   

Owens-Illinois, Inc. (a)

    55,225        1,015,588   

Sealed Air Corp.

    67,021        3,070,902   

WestRock Co.

    85,690        4,154,251   
   

 

 

 
      22,183,077   
   

 

 

 

Distributors—0.1%

  

Genuine Parts Co.

    50,738        5,096,632   

LKQ Corp. (a)

    104,639        3,710,499   
   

 

 

 
      8,807,131   
   

 

 

 

Diversified Consumer Services—0.0%

  

H&R Block, Inc.

    74,650        1,728,147   
   

 

 

 

Diversified Financial Services—1.5%

  

Berkshire Hathaway, Inc. - Class B (a)

    646,917        93,460,099   

Leucadia National Corp.

    110,514        2,104,187   
   

 

 

 
      95,564,286   
   

 

 

 

Diversified Telecommunication Services—2.6%

  

AT&T, Inc.

    2,096,132        85,123,921   

CenturyLink, Inc.

    186,024        5,102,638   

Frontier Communications Corp. (b)

    399,693        1,662,723   

Level 3 Communications, Inc. (a)

    99,223        4,601,963   

Verizon Communications, Inc.

    1,388,893        72,194,658   
   

 

 

 
      168,685,903   
   

 

 

 

Electric Utilities—2.0%

  

Alliant Energy Corp.

    77,458        2,967,416   

American Electric Power Co., Inc.

    167,537        10,757,551   

Duke Energy Corp.

    234,736        18,788,269   

Edison International

    111,011        8,020,545   

Entergy Corp.

    60,983        4,679,226   

Eversource Energy

    108,079        5,855,720   

Exelon Corp.

    314,444        10,467,841   

FirstEnergy Corp.

    144,875        4,792,465   

NextEra Energy, Inc.

    159,143        19,466,372   

PG&E Corp.

    169,852        10,389,847   

Pinnacle West Capital Corp.

    37,880        2,878,501   

PPL Corp.

    231,042        7,987,122   

Southern Co. (The)

    333,468        17,106,908   

Xcel Energy, Inc.

    173,071        7,120,141   
   

 

 

 
      131,277,924   
   

 

 

 

Electrical Equipment—0.6%

  

Acuity Brands, Inc.

    14,955        3,957,093   

AMETEK, Inc.

    79,190        3,783,698   

Eaton Corp. plc

    154,927        10,180,253   

Emerson Electric Co.

    219,268        11,952,299   

Rockwell Automation, Inc.

    44,090        5,393,971   
   

 

 

 
      35,267,314   
   

 

 

 

 

MSF-180


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electronic Equipment, Instruments & Components—0.4%

  

Amphenol Corp. - Class A

    105,190      $ 6,828,935   

Corning, Inc.

    353,288        8,355,261   

FLIR Systems, Inc.

    46,774        1,469,639   

TE Connectivity, Ltd.

    121,144        7,799,251   
   

 

 

 
      24,453,086   
   

 

 

 

Energy Equipment & Services—1.1%

  

Baker Hughes, Inc.

    145,796        7,358,324   

FMC Technologies, Inc. (a)

    76,876        2,280,911   

Halliburton Co.

    293,398        13,167,702   

Helmerich & Payne, Inc. (b)

    36,820        2,477,986   

National Oilwell Varco, Inc.

    128,667        4,727,226   

Schlumberger, Ltd.

    473,842        37,262,935   

Transocean, Ltd. (a) (b)

    117,027        1,247,508   
   

 

 

 
      68,522,592   
   

 

 

 

Equity Real Estate Investment Trusts—3.0%

  

American Tower Corp.

    144,974        16,429,903   

Apartment Investment & Management Co. - Class A

    53,361        2,449,804   

AvalonBay Communities, Inc.

    46,786        8,320,422   

Boston Properties, Inc.

    52,367        7,137,098   

Crown Castle International Corp.

    115,016        10,835,657   

Digital Realty Trust, Inc.

    50,039        4,859,788   

Equinix, Inc.

    24,217        8,724,174   

Equity Residential

    124,553        8,012,495   

Essex Property Trust, Inc.

    22,316        4,969,773   

Extra Space Storage, Inc.

    42,859        3,403,433   

Federal Realty Investment Trust

    24,159        3,718,795   

General Growth Properties, Inc.

    198,957        5,491,213   

HCP, Inc.

    159,316        6,046,042   

Host Hotels & Resorts, Inc.

    252,981        3,938,914   

Iron Mountain, Inc.

    83,416        3,130,603   

Kimco Realty Corp.

    143,121        4,143,353   

Macerich Co. (The)

    41,107        3,324,323   

Prologis, Inc.

    179,544        9,612,786   

Public Storage

    50,811        11,337,967   

Realty Income Corp.

    88,100        5,896,533   

Simon Property Group, Inc.

    107,064        22,163,319   

SL Green Realty Corp.

    34,181        3,694,966   

UDR, Inc.

    90,993        3,274,838   

Ventas, Inc.

    119,713        8,455,329   

Vornado Realty Trust

    58,547        5,925,542   

Welltower, Inc.

    121,950        9,118,202   

Weyerhaeuser Co.

    255,110        8,148,213   
   

 

 

 
      192,563,485   
   

 

 

 

Food & Staples Retailing—2.1%

  

Costco Wholesale Corp.

    149,260        22,763,643   

CVS Health Corp.

    363,285        32,328,732   

Kroger Co. (The)

    323,344        9,596,850   

Sysco Corp.

    174,015        8,528,475   

Wal-Mart Stores, Inc.

    516,434        37,245,220   

Walgreens Boots Alliance, Inc.

    291,329        23,486,944   

Whole Foods Market, Inc.

    108,624        3,079,490   
   

 

 

 
      137,029,354   
   

 

 

 

Food Products—1.7%

  

Archer-Daniels-Midland Co.

    198,220      8,358,937   

Campbell Soup Co.

    66,252        3,623,984   

ConAgra Foods, Inc.

    142,008        6,689,997   

General Mills, Inc.

    203,419        12,994,406   

Hershey Co. (The)

    47,825        4,572,070   

Hormel Foods Corp.

    92,073        3,492,329   

J.M. Smucker Co. (The)

    39,667        5,376,465   

Kellogg Co.

    85,926        6,656,687   

Kraft Heinz Co. (The)

    203,009        18,171,336   

McCormick & Co., Inc.

    39,197        3,916,564   

Mead Johnson Nutrition Co.

    62,918        4,971,151   

Mondelez International, Inc. - Class A

    530,007        23,267,307   

Tyson Foods, Inc. - Class A

    101,347        7,567,581   
   

 

 

 
      109,658,814   
   

 

 

 

Health Care Equipment & Supplies—2.7%

  

Abbott Laboratories

    500,862        21,181,454   

Baxter International, Inc.

    166,784        7,938,918   

Becton Dickinson & Co.

    72,549        13,039,232   

Boston Scientific Corp. (a)

    463,637        11,034,561   

C.R. Bard, Inc.

    25,028        5,613,280   

Cooper Cos., Inc. (The)

    16,607        2,976,971   

Danaher Corp.

    207,049        16,230,571   

DENTSPLY SIRONA, Inc.

    79,392        4,718,267   

Edwards Lifesciences Corp. (a)

    72,533        8,744,578   

Hologic, Inc. (a)

    94,524        3,670,367   

Intuitive Surgical, Inc. (a)

    13,116        9,506,870   

Medtronic plc

    470,858        40,682,131   

St. Jude Medical, Inc.

    97,082        7,743,260   

Stryker Corp.

    105,853        12,322,348   

Varian Medical Systems, Inc. (a)

    31,817        3,166,746   

Zimmer Biomet Holdings, Inc.

    68,149        8,860,733   
   

 

 

 
      177,430,287   
   

 

 

 

Health Care Providers & Services—2.6%

  

Aetna, Inc.

    119,526        13,799,277   

AmerisourceBergen Corp.

    61,602        4,976,209   

Anthem, Inc.

    89,669        11,236,422   

Cardinal Health, Inc.

    108,551        8,434,413   

Centene Corp. (a)

    58,174        3,895,331   

Cigna Corp.

    87,420        11,392,574   

DaVita, Inc. (a)

    56,396        3,726,084   

Express Scripts Holding Co. (a)

    214,730        15,144,907   

HCA Holdings, Inc. (a)

    100,630        7,610,647   

Henry Schein, Inc. (a)

    27,870        4,542,253   

Humana, Inc.

    50,791        8,984,420   

Laboratory Corp. of America Holdings (a)

    34,856        4,792,003   

McKesson Corp.

    76,902        12,823,408   

Patterson Cos., Inc.

    28,390        1,304,237   

Quest Diagnostics, Inc.

    47,366        4,008,585   

UnitedHealth Group, Inc.

    324,502        45,430,280   

Universal Health Services, Inc. - Class B

    30,698        3,782,607   
   

 

 

 
      165,883,657   
   

 

 

 

Health Care Technology—0.1%

  

Cerner Corp. (a)

    102,408        6,323,694   
   

 

 

 

 

MSF-181


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—1.6%

  

Carnival Corp.

    147,499      $ 7,200,901   

Chipotle Mexican Grill, Inc. (a)

    9,921        4,201,544   

Darden Restaurants, Inc.

    43,004        2,637,005   

Marriott International, Inc. - Class A

    108,975        7,337,287   

McDonald’s Corp.

    290,761        33,542,189   

Royal Caribbean Cruises, Ltd.

    57,210        4,287,889   

Starbucks Corp.

    499,705        27,054,029   

Wyndham Worldwide Corp.

    37,437        2,520,633   

Wynn Resorts, Ltd.

    27,052        2,635,406   

Yum! Brands, Inc.

    126,201        11,460,313   
   

 

 

 
      102,877,196   
   

 

 

 

Household Durables—0.5%

  

DR Horton, Inc.

    115,430        3,485,986   

Garmin, Ltd.

    39,256        1,888,606   

Harman International Industries, Inc.

    23,777        2,007,967   

Leggett & Platt, Inc.

    45,545        2,075,941   

Lennar Corp. - Class A

    64,005        2,709,972   

Mohawk Industries, Inc. (a)

    21,476        4,302,502   

Newell Brands, Inc.

    164,297        8,651,880   

PulteGroup, Inc.

    105,371        2,111,635   

Whirlpool Corp.

    25,706        4,168,485   
   

 

 

 
      31,402,974   
   

 

 

 

Household Products—2.0%

  

Church & Dwight Co., Inc.

    87,769        4,205,891   

Clorox Co. (The)

    44,113        5,522,065   

Colgate-Palmolive Co.

    303,753        22,520,248   

Kimberly-Clark Corp.

    122,537        15,456,817   

Procter & Gamble Co. (The) (b)

    909,307        81,610,303   
   

 

 

 
      129,315,324   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

AES Corp.

    224,567        2,885,686   

NRG Energy, Inc.

    107,423        1,204,212   
   

 

 

 
      4,089,898   
   

 

 

 

Industrial Conglomerates—2.5%

  

3M Co.

    205,934        36,291,749   

General Electric Co.

    3,053,305        90,438,894   

Honeywell International, Inc.

    259,248        30,225,724   

Roper Technologies, Inc.

    34,529        6,300,507   
   

 

 

 
      163,256,874   
   

 

 

 

Insurance—2.6%

  

Aflac, Inc.

    139,552        10,029,602   

Allstate Corp. (The)

    126,565        8,755,767   

American International Group, Inc.

    346,559        20,564,811   

Aon plc

    90,496        10,179,895   

Arthur J. Gallagher & Co.

    60,318        3,068,377   

Assurant, Inc.

    20,513        1,892,324   

Chubb, Ltd.

    158,464        19,911,002   

Cincinnati Financial Corp.

    51,028        3,848,532   

Hartford Financial Services Group, Inc. (The)

    131,508        5,631,172   

Lincoln National Corp.

    79,318        3,726,360   

Insurance—(Continued)

  

Loews Corp.

    94,185      3,875,713   

Marsh & McLennan Cos., Inc.

    176,575        11,874,669   

MetLife, Inc. (c)

    374,411        16,635,081   

Principal Financial Group, Inc.

    91,130        4,694,106   

Progressive Corp. (The)

    198,272        6,245,568   

Prudential Financial, Inc.

    148,896        12,157,358   

Torchmark Corp.

    37,951        2,424,689   

Travelers Cos., Inc. (The)

    98,224        11,251,559   

Unum Group

    79,948        2,822,964   

Willis Towers Watson plc

    44,215        5,870,425   

XL Group, Ltd.

    93,689        3,150,761   
   

 

 

 
      168,610,735   
   

 

 

 

Internet & Direct Marketing Retail—2.5%

  

Amazon.com, Inc. (a)

    134,069        112,257,314   

Expedia, Inc.

    41,053        4,791,706   

Netflix, Inc. (a)

    146,078        14,395,987   

Priceline Group, Inc. (The) (a)

    16,914        24,888,782   

TripAdvisor, Inc. (a)

    38,930        2,459,598   
   

 

 

 
      158,793,387   
   

 

 

 

Internet Software & Services—4.5%

  

Akamai Technologies, Inc. (a)

    59,532        3,154,601   

Alphabet, Inc. - Class A (a)

    100,461        80,776,672   

Alphabet, Inc. - Class C (a) (d)

    100,684        78,260,666   

eBay, Inc. (a)

    357,755        11,770,139   

Facebook, Inc. - Class A (a)

    791,488        101,524,166   

VeriSign, Inc. (a) (b)

    31,649        2,476,218   

Yahoo!, Inc. (a)

    298,351        12,858,928   
   

 

 

 
      290,821,390   
   

 

 

 

IT Services—3.7%

  

Accenture plc - Class A

    212,115        25,914,090   

Alliance Data Systems Corp. (a)

    19,942        4,278,157   

Automatic Data Processing, Inc.

    155,430        13,708,926   

Cognizant Technology Solutions Corp. - Class A (a)

    206,799        9,866,380   

CSRA, Inc.

    49,619        1,334,751   

Fidelity National Information Services, Inc.

    111,698        8,604,097   

Fiserv, Inc. (a)

    74,896        7,449,905   

Global Payments, Inc.

    52,345        4,018,002   

International Business Machines Corp.

    296,368        47,078,057   

MasterCard, Inc. - Class A

    326,731        33,251,414   

Paychex, Inc.

    109,329        6,326,869   

PayPal Holdings, Inc. (a)

    382,439        15,668,526   

Teradata Corp. (a)

    44,430        1,377,330   

Total System Services, Inc.

    56,373        2,657,987   

Visa, Inc. - Class A

    642,753        53,155,673   

Western Union Co. (The)

    166,182        3,459,909   

Xerox Corp.

    290,015        2,937,852   
   

 

 

 
      241,087,925   
   

 

 

 

Leisure Products—0.1%

  

Hasbro, Inc.

    38,456        3,050,714   

Mattel, Inc.

    116,056        3,514,176   
   

 

 

 
      6,564,890   
   

 

 

 

 

MSF-182


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Life Sciences Tools & Services—0.7%

  

Agilent Technologies, Inc.

    110,913      $ 5,222,893   

Illumina, Inc. (a)

    49,950        9,073,917   

Mettler-Toledo International, Inc. (a)

    9,026        3,789,386   

PerkinElmer, Inc.

    37,275        2,091,500   

Thermo Fisher Scientific, Inc.

    134,335        21,367,325   

Waters Corp. (a)

    27,454        4,351,185   
   

 

 

 
      45,896,206   
   

 

 

 

Machinery—1.4%

  

Caterpillar, Inc.

    199,061        17,670,645   

Cummins, Inc.

    52,863        6,774,394   

Deere & Co. (b)

    98,561        8,412,181   

Dover Corp.

    52,886        3,894,525   

Flowserve Corp.

    44,423        2,142,966   

Fortive Corp.

    102,439        5,214,145   

Illinois Tool Works, Inc.

    108,849        13,044,464   

Ingersoll-Rand plc

    87,906        5,972,334   

PACCAR, Inc.

    119,433        7,020,272   

Parker-Hannifin Corp.

    45,623        5,727,055   

Pentair plc

    56,768        3,646,776   

Snap-on, Inc.

    19,792        3,007,592   

Stanley Black & Decker, Inc.

    51,254        6,303,217   

Xylem, Inc.

    61,051        3,202,125   
   

 

 

 
      92,032,691   
   

 

 

 

Media—2.9%

  

CBS Corp. - Class B

    138,631        7,588,661   

Charter Communications, Inc. - Class A (a)

    73,850        19,937,284   

Comcast Corp. - Class A

    818,548        54,302,474   

Discovery Communications, Inc. - Class A (a)

    51,412        1,384,011   

Discovery Communications, Inc. - Class C (a)

    76,399        2,010,058   

Interpublic Group of Cos., Inc. (The)

    136,530        3,051,445   

News Corp. - Class A

    129,658        1,812,619   

News Corp. - Class B

    40,811        580,332   

Omnicom Group, Inc.

    80,594        6,850,490   

Scripps Networks Interactive, Inc. - Class A

    32,436        2,059,362   

TEGNA, Inc.

    73,024        1,596,305   

Time Warner, Inc.

    265,029        21,098,959   

Twenty-First Century Fox, Inc. - Class A

    362,532        8,780,525   

Twenty-First Century Fox, Inc. - Class B

    165,965        4,105,974   

Viacom, Inc. - Class B

    118,307        4,507,497   

Walt Disney Co. (The)

    503,771        46,780,175   
   

 

 

 
      186,446,171   
   

 

 

 

Metals & Mining—0.3%

  

Alcoa, Inc.

    448,179        4,544,535   

Freeport-McMoRan, Inc. (b)

    416,363        4,521,702   

Newmont Mining Corp.

    180,784        7,103,004   

Nucor Corp.

    108,471        5,363,891   
   

 

 

 
      21,533,132   
   

 

 

 

Multi-Utilities—1.1%

  

Ameren Corp.

    82,671        4,065,760   

CenterPoint Energy, Inc.

    146,743        3,408,840   

CMS Energy Corp.

    95,070        3,993,891   

Multi-Utilities—(Continued)

  

Consolidated Edison, Inc.

    103,721      7,810,191   

Dominion Resources, Inc.

    213,212        15,835,255   

DTE Energy Co.

    61,138        5,726,797   

NiSource, Inc.

    109,776        2,646,699   

Public Service Enterprise Group, Inc.

    172,377        7,217,425   

SCANA Corp.

    48,695        3,524,057   

Sempra Energy

    85,113        9,123,263   

WEC Energy Group, Inc.

    107,539        6,439,435   
   

 

 

 
      69,791,613   
   

 

 

 

Multiline Retail—0.5%

  

Dollar General Corp.

    88,317        6,181,307   

Dollar Tree, Inc. (a)

    80,334        6,340,763   

Kohl’s Corp.

    61,191        2,677,106   

Macy’s, Inc.

    105,102        3,894,029   

Nordstrom, Inc. (b)

    39,593        2,054,085   

Target Corp.

    195,870        13,452,351   
   

 

 

 
      34,599,641   
   

 

 

 

Oil, Gas & Consumable Fuels—6.1%

  

Anadarko Petroleum Corp.

    185,934        11,780,778   

Apache Corp.

    129,278        8,256,986   

Cabot Oil & Gas Corp.

    158,486        4,088,939   

Chesapeake Energy Corp. (a)

    222,371        1,394,266   

Chevron Corp.

    642,782        66,155,123   

Cimarex Energy Co.

    32,364        4,348,751   

Concho Resources, Inc. (a)

    48,430        6,651,861   

ConocoPhillips

    421,988        18,343,818   

Devon Energy Corp.

    178,402        7,869,312   

EOG Resources, Inc.

    187,617        18,144,440   

EQT Corp.

    58,859        4,274,341   

Exxon Mobil Corp.

    1,412,862        123,314,595   

Hess Corp.

    91,713        4,917,651   

Kinder Morgan, Inc.

    654,120        15,129,796   

Marathon Oil Corp.

    288,681        4,564,047   

Marathon Petroleum Corp.

    180,161        7,312,735   

Murphy Oil Corp.

    55,151        1,676,590   

Newfield Exploration Co. (a)

    67,669        2,940,895   

Noble Energy, Inc.

    146,399        5,232,300   

Occidental Petroleum Corp.

    260,288        18,980,201   

ONEOK, Inc.

    71,697        3,684,509   

Phillips 66

    151,425        12,197,284   

Pioneer Natural Resources Co.

    57,790        10,728,713   

Range Resources Corp.

    64,052        2,482,015   

Southwestern Energy Co. (a)

    168,132        2,326,947   

Spectra Energy Corp.

    238,881        10,212,163   

Tesoro Corp.

    40,474        3,220,111   

Valero Energy Corp.

    157,189        8,331,017   

Williams Cos., Inc. (The)

    232,720        7,151,486   
   

 

 

 
      395,711,670   
   

 

 

 

Personal Products—0.1%

  

Coty, Inc. - Class A (a)

    23,618        555,023   

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

    75,280        6,666,797   
   

 

 

 
      7,221,820   
   

 

 

 

 

MSF-183


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Pharmaceuticals—5.4%

  

Allergan plc (a)

    134,911      $ 31,071,352   

Bristol-Myers Squibb Co.

    569,301        30,696,710   

Eli Lilly & Co.

    330,973        26,563,893   

Endo International plc (a)

    67,552        1,361,173   

Johnson & Johnson

    932,178        110,118,187   

Mallinckrodt plc (a)

    36,700        2,560,926   

Merck & Co., Inc.

    942,172        58,800,955   

Mylan NV (a)

    156,740        5,974,929   

Perrigo Co. plc

    48,819        4,507,458   

Pfizer, Inc.

    2,066,712        69,999,535   

Zoetis, Inc.

    168,673        8,772,683   
   

 

 

 
      350,427,801   
   

 

 

 

Professional Services—0.3%

  

Dun & Bradstreet Corp. (The)

    12,371        1,690,126   

Equifax, Inc.

    40,660        5,472,023   

Nielsen Holdings plc

    114,450        6,131,086   

Robert Half International, Inc.

    44,341        1,678,750   

Verisk Analytics, Inc. (a)

    53,542        4,351,894   
   

 

 

 
      19,323,879   
   

 

 

 

Real Estate Management & Development—0.0%

  

CBRE Group, Inc. - Class A (a)

    101,774        2,847,636   
   

 

 

 

Road & Rail—0.8%

  

CSX Corp.

    322,321        9,830,791   

J.B. Hunt Transport Services, Inc.

    29,946        2,429,818   

Kansas City Southern

    36,792        3,433,429   

Norfolk Southern Corp.

    100,019        9,707,844   

Ryder System, Inc.

    18,221        1,201,675   

Union Pacific Corp.

    283,794        27,678,429   
   

 

 

 
      54,281,986   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.3%

  

Analog Devices, Inc.

    104,763        6,751,975   

Applied Materials, Inc.

    368,286        11,103,823   

Broadcom, Ltd.

    134,763        23,249,313   

First Solar, Inc. (a) (b)

    26,157        1,032,940   

Intel Corp.

    1,611,964        60,851,641   

KLA-Tencor Corp.

    53,151        3,705,156   

Lam Research Corp.

    54,604        5,171,545   

Linear Technology Corp.

    81,678        4,842,689   

Microchip Technology, Inc. (b)

    73,353        4,558,155   

Micron Technology, Inc. (a)

    353,804        6,290,635   

NVIDIA Corp. (b)

    182,287        12,490,305   

Qorvo, Inc. (a)

    43,577        2,428,982   

QUALCOMM, Inc.

    502,107        34,394,329   

Skyworks Solutions, Inc.

    63,884        4,864,128   

Texas Instruments, Inc.

    341,817        23,988,717   

Xilinx, Inc.

    86,367        4,693,183   
   

 

 

 
      210,417,516   
   

 

 

 

Software—4.3%

  

Activision Blizzard, Inc.

    232,424        10,296,383   

Adobe Systems, Inc. (a)

    169,780        18,427,921   

Software—(Continued)

  

Autodesk, Inc. (a)

    66,531      4,812,187   

CA, Inc.

    107,059        3,541,512   

Citrix Systems, Inc. (a)

    53,060        4,521,773   

Electronic Arts, Inc. (a)

    102,478        8,751,621   

Intuit, Inc.

    83,491        9,184,845   

Microsoft Corp.

    2,655,095        152,933,472   

Oracle Corp.

    1,025,439        40,279,244   

Red Hat, Inc. (a)

    61,704        4,987,534   

Salesforce.com, Inc. (a)

    219,392        15,649,232   

Symantec Corp.

    209,745        5,264,600   
   

 

 

 
      278,650,324   
   

 

 

 

Specialty Retail—2.4%

  

Advance Auto Parts, Inc.

    25,091        3,741,570   

AutoNation, Inc. (a)

    22,609        1,101,284   

AutoZone, Inc. (a)

    9,960        7,652,666   

Bed Bath & Beyond, Inc.

    52,597        2,267,457   

Best Buy Co., Inc.

    94,049        3,590,791   

CarMax, Inc. (a) (b)

    65,240        3,480,554   

Foot Locker, Inc.

    46,103        3,122,095   

Gap, Inc. (The)

    74,673        1,660,728   

Home Depot, Inc. (The)

    420,990        54,172,993   

L Brands, Inc.

    81,847        5,792,312   

Lowe’s Cos., Inc.

    298,017        21,519,808   

O’Reilly Automotive, Inc. (a)

    32,345        9,060,158   

Ross Stores, Inc.

    135,124        8,688,473   

Signet Jewelers, Ltd.

    25,757        1,919,669   

Staples, Inc.

    221,614        1,894,800   

Tiffany & Co.

    36,596        2,657,967   

TJX Cos., Inc. (The)

    223,734        16,730,829   

Tractor Supply Co.

    45,543        3,067,321   

Ulta Salon Cosmetics & Fragrance, Inc. (a)

    19,976        4,753,888   

Urban Outfitters, Inc. (a)

    30,332        1,047,061   
   

 

 

 
      157,922,424   
   

 

 

 

Technology Hardware, Storage & Peripherals—3.8%

  

Apple, Inc.

    1,835,971        207,556,521   

Hewlett Packard Enterprise Co.

    566,185        12,880,709   

HP, Inc.

    582,936        9,052,996   

NetApp, Inc.

    94,948        3,401,037   

Seagate Technology plc

    101,743        3,922,193   

Western Digital Corp.

    96,855        5,663,112   
   

 

 

 
      242,476,568   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.8%

  

Coach, Inc.

    95,042        3,474,736   

Hanesbrands, Inc.

    128,724        3,250,281   

Michael Kors Holdings, Ltd. (a)

    57,586        2,694,449   

NIKE, Inc. - Class B

    459,420        24,188,463   

PVH Corp.

    27,336        3,020,628   

Ralph Lauren Corp.

    19,209        1,942,798   

Under Armour, Inc. - Class A (a) (b)

    62,484        2,416,881   

Under Armour, Inc. - Class C (a)

    62,809        2,126,713   

VF Corp.

    113,048        6,336,340   
   

 

 

 
      49,451,289   
   

 

 

 

 

MSF-184


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Tobacco—1.7%

  

Altria Group, Inc.

    665,725      $ 42,093,792   

Philip Morris International, Inc.

    528,574        51,387,964   

Reynolds American, Inc.

    282,070        13,299,600   
   

 

 

 
      106,781,356   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Fastenal Co.

    98,457        4,113,534   

United Rentals, Inc. (a)

    29,357        2,304,231   

WW Grainger, Inc. (b)

    18,941        4,258,694   
   

 

 

 
      10,676,459   
   

 

 

 

Water Utilities—0.1%

  

American Water Works Co., Inc.

    60,615        4,536,427   
   

 

 

 

Total Common Stocks
(Cost $3,622,247,599)

      6,385,893,015   
   

 

 

 
Mutual Fund—0.7%   

Investment Company Security—0.7%

  

SPDR S&P 500 ETF Trust (b) 
(Cost $42,646,134)

    205,500        44,449,650   
   

 

 

 
Short-Term Investments—0.6%   

Discount Notes—0.4%

  

Federal Home Loan Bank
0.302%, 10/26/16 (e)

    2,050,000        2,049,559   

0.332%, 10/07/16 (e)

    3,225,000        3,224,795   

0.348%, 10/17/16 (e)

    2,125,000        2,124,655   

0.354%, 10/18/16 (e)

    2,250,000        2,249,607   

0.404%, 10/12/16 (e)

    2,200,000        2,199,707   

0.429%, 10/21/16 (e)

    6,600,000        6,598,372   

0.445%, 03/24/17 (e)

    3,925,000        3,916,653   
   

 

 

 
      22,363,348   
   

 

 

 

U.S. Treasury—0.2%

  

U.S. Treasury Bills
0.275%, 11/10/16 (e)

    600,000        599,815   

0.293%, 11/17/16 (e)

    2,800,000        2,798,920   

0.384%, 03/16/17 (e)

    3,625,000        3,618,640   

0.439%, 02/16/17 (e)

    1,125,000        1,123,122   

0.493%, 03/09/17 (e)

    2,425,000        2,419,774   
   

 

 

 
      10,560,271   
   

 

 

 

Total Short-Term Investments
(Cost $32,923,619)

      32,923,619   
   

 

 

 
Securities Lending Reinvestments (f)—1.9%   

Certificates of Deposit—0.5%

  

Abbey National Treasury Services
0.440%, 10/03/16

    2,500,000        2,500,000   

Certificates of Deposit—(Continued)

  

ABN AMRO Bank NV
Zero Coupon, 12/22/16

    2,000,000      1,995,743   

Bank of Montreal
0.500%, 10/24/16

    1,000,000        1,000,000   

Bank of Nova Scotia
0.750%, 10/19/16

    2,500,000        2,500,273   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    1,000,000        1,000,001   

Chiba Bank, Ltd., New York
0.870%, 11/30/16

    1,500,000        1,500,254   

DZ Bank AG
0.950%, 01/03/17

    1,000,000        1,000,000   

KBC Bank NV
Zero Coupon, 12/27/16

    1,800,000        1,797,498   

1.000%, 01/04/17

    1,000,000        1,000,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    3,500,000        3,500,003   

National Bank of Canada
0.420%, 10/06/16

    3,000,000        2,999,997   

0.480%, 10/28/16

    1,500,000        1,499,991   

Norinchukin Bank
0.480%, 10/24/16

    1,800,000        1,799,998   

Standard Chartered Bank New York
0.910%, 12/16/16

    2,100,000        2,100,162   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    2,000,000        2,000,058   

Swedbank
0.350%, 10/03/16

    3,500,000        3,499,993   
   

 

 

 
      31,693,971   
   

 

 

 

Commercial Paper—0.3%

  

Albion Capital Corp.
0.720%, 10/25/16

    500,000        499,841   

BNP Paribas
0.510%, 10/21/16

    1,500,000        1,499,620   

Charta LLC
0.880%, 12/22/16

    3,500,000        3,493,311   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    1,800,000        1,799,032   

Credit Suisse AG
0.971%, 10/19/16

    1,500,000        1,499,983   

Kells Funding LLC
1.040%, 01/19/17

    2,100,000        2,093,765   

LMA S.A. & LMA Americas
0.580%, 10/14/16

    200,000        199,970   

0.580%, 10/17/16

    250,000        249,940   

Manhattan Asset Funding
0.740%, 11/28/16

    1,500,000        1,498,513   

Ridgefield Funding Co. LLC
0.650%, 10/26/16

    800,000        799,595   

Thunder Bay Funding LLC
0.920%, 12/21/16

    1,000,000        997,900   

Victory Receivables Corp.
1.050%, 01/04/17

    1,500,000        1,496,195   
   

 

 

 
      16,127,665   
   

 

 

 

 

MSF-185


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (f)—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Money Market Fund—0.0%

   

Dreyfus Treasury Cash Management Fund

    2,600,000      $ 2,600,000   
   

 

 

 

Repurchase Agreements—1.0%

   

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $12,100,941 on 10/03/16, collateralized by $11,434,681 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $12,342,004.

    12,100,000        12,100,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $8,800,611 on 10/03/16, collateralized by $8,639,165 Corporate and Foreign Bonds with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $8,976,008.

    8,800,000        8,800,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $1,000,042 on 10/03/16, collateralized by $972,192 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $1,020,000.

    1,000,000        1,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $3,000,113 on 10/03/16, collateralized by $2,366,400 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $3,060,042.

    3,000,000        3,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $10,600,841 on 10/03/16, collateralized by $10,119,597 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $10,816,522.

    10,600,000        10,600,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $193,469 on 10/03/16, collateralized by $159,835 U.S. Treasury Obligations with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $197,331.

    193,461        193,462   

Repurchase Agreements—(Continued)

   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $20,001,167 on 10/03/16, collateralized by $31,991,219 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $20,401,190.

    20,000,000      20,000,000   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $1,000,072 on 10/04/16, collateralized by $961,774 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $1,020,000.

    1,000,000        1,000,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $7,000,303 on 10/03/16, collateralized by $9,883,127 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $7,140,000.

    7,000,000        7,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,500,058 on 10/03/16, collateralized by $1,404,270 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,530,031.

    1,500,000        1,500,000   
   

 

 

 
      65,193,462   
   

 

 

 

Time Deposits—0.1%

   

ANZ London
0.420%, 10/03/16

    97,416        97,416   

Canadian Imperial Bank
0.260%, 10/03/16

    5,000,000        5,000,000   

DBS Bank, Ltd., Singapore
0.380%, 10/04/16

    2,000,000        2,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    900,000        900,000   

Royal Bank of Canada
0.280%, 10/03/16

    1,000,000        1,000,000   
   

 

 

 
      8,997,416   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $124,609,763)

      124,612,514   
   

 

 

 

Total Investments—101.9%
(Cost $3,822,427,115) (g)

      6,587,878,798   

Other assets and liabilities (net)—(1.9)%

      (120,290,880
   

 

 

 
Net Assets—100.0%     $ 6,467,587,918   
   

 

 

 

 

MSF-186


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $116,098,731 and the collateral received consisted of cash in the amount of $122,609,592. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Affiliated Issuer.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2016, the market value of securities pledged was $15,588,551.
(e) The rate shown represents current yield to maturity.
(f) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(g) As of September 30, 2016, the aggregate cost of investments was $3,822,427,115. The aggregate unrealized appreciation and depreciation of investments were $2,858,616,973 and $(93,165,290), respectively, resulting in net unrealized appreciation of $2,765,451,683.
(ETF)— Exchange-Traded Fund

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

S&P 500 E-Mini Index Futures

     12/16/16         300         USD         32,280,417       $ 125,583   
              

 

 

 

 

(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 September 30, 2016:

 

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 6,385,893,015       $ —        $ —         $ 6,385,893,015   

Total Mutual Fund*

     44,449,650         —          —           44,449,650   
Short-Term Investments           

Discount Notes

     —           22,363,348        —           22,363,348   

U.S. Treasury

     —           10,560,271        —           10,560,271   

Total Short-Term Investments

     —           32,923,619        —           32,923,619   
Securities Lending Reinvestments           

Certificates of Deposit

     —           31,693,971        —           31,693,971   

Commercial Paper

     —           16,127,665        —           16,127,665   

Money Market Fund

     2,600,000                —           2,600,000   

Repurchase Agreements

     —           65,193,462        —           65,193,462   

Time Deposits

     —           8,997,416        —           8,997,416   

Total Securities Lending Reinvestments

     2,600,000         122,012,514        —           124,612,514   

Total Investments

   $ 6,432,942,665       $ 154,936,133      $ —         $ 6,587,878,798   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (122,609,592   $ —         $ (122,609,592
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 125,583       $ —        $ —         $ 125,583   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-187


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—59.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.1%

  

Boeing Co. (The)

    10,831      $ 1,426,876   

Lockheed Martin Corp.

    18,233        4,370,815   

Northrop Grumman Corp.

    26,664        5,704,763   

Orbital ATK, Inc.

    6,426        489,854   

Rockwell Collins, Inc.

    6,334        534,209   

United Technologies Corp.

    53,268        5,412,029   
   

 

 

 
      17,938,546   
   

 

 

 

Air Freight & Logistics—0.4%

  

United Parcel Service, Inc. - Class B

    34,296        3,750,611   
   

 

 

 

Airlines—0.4%

  

Copa Holdings S.A. - Class A

    16,362        1,438,711   

Delta Air Lines, Inc.

    62,356        2,454,332   
   

 

 

 
      3,893,043   
   

 

 

 

Auto Components—1.2%

  

Delphi Automotive plc

    36,248        2,585,207   

Johnson Controls International plc

    145,348        6,763,042   

Magna International, Inc.

    19,494        836,848   
   

 

 

 
      10,185,097   
   

 

 

 

Automobiles—0.6%

  

General Motors Co.

    41,531        1,319,440   

Harley-Davidson, Inc.

    15,864        834,288   

Hyundai Motor Co.

    8,840        1,091,536   

Kia Motors Corp.

    43,366        1,666,942   
   

 

 

 
      4,912,206   
   

 

 

 

Banks—5.6%

  

Bank of America Corp.

    341,629        5,346,494   

BB&T Corp.

    45,128        1,702,228   

BNP Paribas S.A.

    12,007        617,348   

BOC Hong Kong Holdings, Ltd.

    167,000        567,075   

Citigroup, Inc.

    67,403        3,183,444   

JPMorgan Chase & Co.

    278,612        18,552,773   

PNC Financial Services Group, Inc. (The)

    39,584        3,566,123   

Royal Bank of Canada

    38,850        2,406,304   

Sumitomo Mitsui Financial Group, Inc.

    44,600        1,503,151   

SunTrust Banks, Inc.

    18,458        808,460   

U.S. Bancorp

    123,930        5,315,358   

Wells Fargo & Co.

    112,274        4,971,493   
   

 

 

 
      48,540,251   
   

 

 

 

Beverages—0.7%

  

Coca-Cola Co. (The)

    23,772        1,006,031   

Coca-Cola European Partners plc

    46,580        1,858,542   

Diageo plc

    110,342        3,163,844   
   

 

 

 
      6,028,417   
   

 

 

 

Biotechnology—0.2%

  

Celgene Corp. (a)

    6,830        713,940   

Gilead Sciences, Inc.

    11,721        927,365   
   

 

 

 
      1,641,305   
   

 

 

 

Building Products—0.4%

  

Owens Corning

    69,776      3,725,341   
   

 

 

 

Capital Markets—3.0%

  

Bank of New York Mellon Corp. (The)

    124,120        4,949,906   

BlackRock, Inc.

    8,318        3,014,942   

Blackstone Group L.P. (The)

    36,269        925,948   

Charles Schwab Corp. (The)

    33,057        1,043,609   

Franklin Resources, Inc.

    64,374        2,289,783   

Goldman Sachs Group, Inc. (The)

    32,230        5,197,732   

Moody’s Corp.

    7,910        856,495   

Morgan Stanley

    46,931        1,504,608   

Nasdaq, Inc.

    25,225        1,703,696   

S&P Global, Inc.

    3,194        404,233   

State Street Corp.

    46,123        3,211,544   

UBS Group AG

    96,619        1,311,957   
   

 

 

 
      26,414,453   
   

 

 

 

Chemicals—1.8%

  

Axalta Coating Systems, Ltd. (a)

    50,811        1,436,427   

Celanese Corp. - Series A

    16,969        1,129,457   

E.I. du Pont de Nemours & Co.

    31,951        2,139,758   

LyondellBasell Industries NV - Class A

    22,064        1,779,682   

Monsanto Co.

    17,833        1,822,533   

PPG Industries, Inc.

    61,095        6,314,779   

Praxair, Inc.

    5,944        718,214   
   

 

 

 
      15,340,850   
   

 

 

 

Commercial Services & Supplies—0.1%

  

Transcontinental, Inc. - Class A (b)

    54,031        725,657   
   

 

 

 

Communications Equipment—0.8%

  

Cisco Systems, Inc.

    168,981        5,360,077   

Motorola Solutions, Inc.

    19,278        1,470,526   
   

 

 

 
      6,830,603   
   

 

 

 

Consumer Finance—0.5%

  

American Express Co.

    43,314        2,773,829   

Discover Financial Services

    35,033        1,981,116   
   

 

 

 
      4,754,945   
   

 

 

 

Containers & Packaging—0.1%

  

Crown Holdings, Inc. (a)

    16,014        914,239   
   

 

 

 

Distributors—0.1%

  

LKQ Corp. (a)

    34,048        1,207,342   
   

 

 

 

Diversified Telecommunication Services—1.5%

  

AT&T, Inc.

    23,868        969,279   

Frontier Communications Corp. (b)

    158,188        658,062   

TDC A/S (a)

    135,844        800,955   

Telefonica Brasil S.A. (ADR) (b)

    51,661        747,535   

Verizon Communications, Inc.

    184,518        9,591,246   
   

 

 

 
      12,767,077   
   

 

 

 

 

MSF-188


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electric Utilities—1.4%

  

American Electric Power Co., Inc.

    34,683      $ 2,226,996   

Duke Energy Corp.

    27,550        2,205,102   

Exelon Corp.

    99,470        3,311,356   

PPL Corp.

    93,191        3,221,613   

SSE plc

    40,170        815,427   

Xcel Energy, Inc.

    9,138        375,937   
   

 

 

 
      12,156,431   
   

 

 

 

Electrical Equipment—0.3%

  

Eaton Corp. plc

    43,538        2,860,882   
   

 

 

 

Energy Equipment & Services—0.3%

  

National Oilwell Varco, Inc.

    11,897        437,096   

Schlumberger, Ltd.

    32,504        2,556,114   
   

 

 

 
      2,993,210   
   

 

 

 

Equity Real Estate Investment Trusts—0.5%

  

Medical Properties Trust, Inc.

    115,121        1,700,337   

Mid-America Apartment Communities, Inc.

    18,066        1,698,024   

STORE Capital Corp.

    39,543        1,165,332   

Washington Prime Group, Inc.

    2,468        30,554   
   

 

 

 
      4,594,247   
   

 

 

 

Food & Staples Retailing—1.1%

  

CVS Health Corp.

    85,541        7,612,294   

Kroger Co. (The)

    35,724        1,060,288   

Lawson, Inc.

    7,700        606,713   
   

 

 

 
      9,279,295   
   

 

 

 

Food Products—2.4%

  

Archer-Daniels-Midland Co.

    126,467        5,333,113   

Danone S.A.

    26,734        1,982,924   

Dean Foods Co.

    16,856        276,439   

Flowers Foods, Inc. (b)

    35,309        533,872   

General Mills, Inc.

    55,666        3,555,944   

J.M. Smucker Co. (The)

    7,417        1,005,300   

Kellogg Co.

    15,641        1,211,708   

Marine Harvest ASA (a)

    74,661        1,336,357   

Mead Johnson Nutrition Co.

    501        39,584   

Mondelez International, Inc. - Class A

    26,123        1,146,800   

Nestle S.A.

    54,009        4,255,565   
   

 

 

 
      20,677,606   
   

 

 

 

Health Care Equipment & Supplies—2.6%

  

Abbott Laboratories

    128,197        5,421,451   

Cooper Cos., Inc. (The)

    6,815        1,221,657   

Danaher Corp.

    69,513        5,449,124   

Medtronic plc

    74,235        6,413,904   

St. Jude Medical, Inc.

    30,356        2,421,194   

Zimmer Biomet Holdings, Inc.

    13,983        1,818,070   
   

 

 

 
      22,745,400   
   

 

 

 

Health Care Providers & Services—0.6%

  

Cigna Corp.

    14,136        1,842,204   

Express Scripts Holding Co. (a)

    15,132        1,067,260   

Health Care Providers & Services—(Continued)

  

HCA Holdings, Inc. (a)

    5,861      443,267   

McKesson Corp.

    13,034        2,173,419   
   

 

 

 
      5,526,150   
   

 

 

 

Hotels, Restaurants & Leisure—0.3%

  

Aramark

    34,922        1,328,084   

Brinker International, Inc.

    1,373        69,240   

Hilton Worldwide Holdings, Inc.

    25,598        586,962   

Yum! Brands, Inc.

    8,092        734,835   
   

 

 

 
      2,719,121   
   

 

 

 

Household Durables—0.0%

  

Newell Brands, Inc.

    6,620        348,609   
   

 

 

 

Household Products—0.5%

  

Kimberly-Clark Corp.

    10,163        1,281,961   

Procter & Gamble Co. (The)

    24,313        2,182,092   

Reckitt Benckiser Group plc

    10,903        1,027,473   
   

 

 

 
      4,491,526   
   

 

 

 

Industrial Conglomerates—1.5%

  

3M Co.

    36,288        6,395,034   

Honeywell International, Inc.

    59,935        6,987,822   
   

 

 

 
      13,382,856   
   

 

 

 

Insurance—3.7%

  

Aon plc

    40,840        4,594,092   

Chubb, Ltd.

    57,700        7,250,005   

Prudential Financial, Inc.

    66,068        5,394,452   

Sony Financial Holdings, Inc.

    42,900        590,674   

Travelers Cos., Inc. (The)

    82,036        9,397,224   

Validus Holdings, Ltd.

    52,667        2,623,870   

Zurich Insurance Group AG (a)

    8,772        2,257,334   
   

 

 

 
      32,107,651   
   

 

 

 

Internet & Direct Marketing Retail—0.5%

  

Amazon.com, Inc. (a)

    5,574        4,667,166   
   

 

 

 

Internet Software & Services—0.7%

  

Alphabet, Inc. - Class A (a)

    1,467        1,179,556   

Facebook, Inc. - Class A (a)

    38,168        4,895,809   
   

 

 

 
      6,075,365   
   

 

 

 

IT Services—2.6%

  

Accenture plc - Class A

    64,487        7,878,377   

Amdocs, Ltd.

    6,140        355,199   

Cognizant Technology Solutions Corp. - Class A (a)

    12,159        580,106   

Fidelity National Information Services, Inc.

    21,321        1,642,357   

Fiserv, Inc. (a)

    7,621        758,061   

Global Payments, Inc.

    46,152        3,542,627   

International Business Machines Corp.

    30,043        4,772,331   

Sabre Corp. (b)

    48,296        1,360,981   

Visa, Inc. - Class A

    22,799        1,885,477   
   

 

 

 
      22,775,516   
   

 

 

 

 

MSF-189


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Life Sciences Tools & Services—0.7%

  

Thermo Fisher Scientific, Inc.

    36,998      $ 5,884,902   
   

 

 

 

Machinery—1.7%

  

Allison Transmission Holdings, Inc.

    72,532        2,080,218   

Caterpillar, Inc.

    4,890        434,085   

Cummins, Inc.

    7,148        916,016   

Deere & Co. (b)

    23,016        1,964,416   

Fortive Corp.

    17,862        909,176   

Illinois Tool Works, Inc.

    31,311        3,752,310   

Ingersoll-Rand plc

    13,095        889,674   

Pentair plc

    25,388        1,630,925   

Stanley Black & Decker, Inc.

    15,205        1,869,911   
   

 

 

 
      14,446,731   
   

 

 

 

Media—2.7%

  

Charter Communications, Inc. - Class A (a)

    15,538        4,194,794   

Comcast Corp. - Class A

    140,971        9,352,016   

Interpublic Group of Cos., Inc. (The)

    15,404        344,279   

Omnicom Group, Inc.

    43,780        3,721,300   

Time Warner, Inc.

    49,435        3,935,520   

Time, Inc.

    1,710        24,761   

Twenty-First Century Fox, Inc. - Class A

    36,420        882,093   

Walt Disney Co. (The)

    11,691        1,085,626   
   

 

 

 
      23,540,389   
   

 

 

 

Metals & Mining—0.3%

  

Rio Tinto plc

    67,292        2,239,141   
   

 

 

 

Mortgage Real Estate Investment Trusts—0.2%

  

Annaly Capital Management, Inc.

    96,306        1,011,213   

Starwood Property Trust, Inc.

    36,067        812,229   
   

 

 

 
      1,823,442   
   

 

 

 

Multi-Utilities—0.2%

  

Engie S.A. (b)

    72,143        1,117,566   

Public Service Enterprise Group, Inc.

    23,465        982,480   
   

 

 

 
      2,100,046   
   

 

 

 

Multiline Retail—0.8%

  

Kohl’s Corp.

    22,132        968,275   

Target Corp.

    91,024        6,251,528   
   

 

 

 
      7,219,803   
   

 

 

 

Oil, Gas & Consumable Fuels—3.6%

  

Anadarko Petroleum Corp.

    26,705        1,692,029   

BP plc

    472,608        2,752,537   

Canadian Natural Resources, Ltd.

    20,752        664,894   

Chevron Corp.

    34,316        3,531,803   

Enterprise Products Partners L.P.

    21,135        583,960   

EOG Resources, Inc.

    34,688        3,354,677   

EQT Corp.

    18,868        1,370,194   

Exxon Mobil Corp.

    51,892        4,529,134   

Hess Corp.

    23,191        1,243,501   

Noble Energy, Inc.

    35,601        1,272,380   

Occidental Petroleum Corp.

    44,565        3,249,680   

Oil, Gas & Consumable Fuels—(Continued)

  

Plains All American Pipeline L.P.

    20,291      637,340   

Rice Energy, Inc. (a)

    42,084        1,098,813   

Targa Resources Corp.

    17,911        879,609   

Valero Energy Corp.

    65,992        3,497,576   

Western Gas Partners L.P.

    551        30,333   

Williams Partners L.P.

    23,975        891,630   
   

 

 

 
      31,280,090   
   

 

 

 

Personal Products—0.2%

  

Coty, Inc. (a)

    19,587        454,418   

Coty, Inc. - Class A (a)

    45,016        1,057,876   
   

 

 

 
      1,512,294   
   

 

 

 

Pharmaceuticals—4.3%

  

Allergan plc (a)

    4,890        1,126,216   

Bayer AG

    28,400        2,852,606   

Bristol-Myers Squibb Co.

    19,059        1,027,661   

Eli Lilly & Co.

    70,479        5,656,645   

Johnson & Johnson

    89,700        10,596,261   

Merck & Co., Inc.

    162,310        10,129,767   

Novartis AG

    5,589        439,526   

Pfizer, Inc.

    167,983        5,689,584   

Roche Holding AG

    1,605        397,616   
   

 

 

 
      37,915,882   
   

 

 

 

Professional Services—0.1%

  

Equifax, Inc.

    3,145        423,254   
   

 

 

 

Road & Rail—0.4%

  

Canadian National Railway Co.

    14,309        935,809   

Union Pacific Corp.

    28,244        2,754,637   
   

 

 

 
      3,690,446   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.3%

  

Analog Devices, Inc.

    6,204        399,848   

Broadcom, Ltd.

    5,611        968,009   

Intel Corp.

    42,037        1,586,897   

Maxim Integrated Products, Inc.

    27,858        1,112,370   

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

    98,532        3,014,094   

Texas Instruments, Inc.

    58,793        4,126,093   
   

 

 

 
      11,207,311   
   

 

 

 

Software—0.8%

  

CA, Inc.

    14,818        490,180   

Intuit, Inc.

    5,621        618,366   

Microsoft Corp.

    57,899        3,334,982   

Oracle Corp.

    65,102        2,557,207   
   

 

 

 
      7,000,735   
   

 

 

 

Specialty Retail—0.5%

  

Abercrombie & Fitch Co. - Class A

    14,888        236,570   

Advance Auto Parts, Inc.

    3,314        494,184   

American Eagle Outfitters, Inc. (b)

    36,857        658,266   

 

MSF-190


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Specialty Retail—(Continued)

  

Gap, Inc. (The) (b)

    122,455      $ 2,723,399   
   

 

 

 
      4,112,419   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.3%

  

Apple, Inc.

    11,856        1,340,321   

Hewlett Packard Enterprise Co.

    43,018        978,659   
   

 

 

 
      2,318,980   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.0%

  

Hanesbrands, Inc.

    16,624        419,756   
   

 

 

 

Tobacco—2.4%

  

Altria Group, Inc.

    89,234        5,642,266   

Japan Tobacco, Inc.

    16,200        661,852   

Philip Morris International, Inc.

    138,471        13,462,151   

Reynolds American, Inc.

    24,868        1,172,526   
   

 

 

 
      20,938,795   
   

 

 

 

Trading Companies & Distributors—0.1%

  

MSC Industrial Direct Co., Inc. - Class A

    5,963        437,744   
   

 

 

 

Wireless Telecommunication Services—0.0%

  

Vodafone Group plc

    120,851        346,525   
   

 

 

 

Total Common Stocks
(Cost $407,456,316)

      515,829,699   
   

 

 

 
U.S. Treasury & Government Agencies—23.3%   

Agency Sponsored Mortgage - Backed—11.4%

  

Fannie Mae 15 Yr. Pool
2.500%, TBA (c)

    458,000        474,376   

3.000%, 03/01/27

    125,599        132,136   

3.000%, 04/01/27

    390,626        410,731   

3.000%, 04/01/30

    356,845        374,736   

3.000%, 05/01/30

    722,680        758,913   

3.000%, 10/01/30

    1,011,861        1,063,068   

3.000%, 11/01/30

    376,932        396,593   

3.000%, 12/01/30

    648,936        682,932   

3.000%, 04/01/31

    570,882        599,847   

3.000%, TBA (c)

    2,035,000        2,136,432   

4.500%, 04/01/18

    8,044        8,245   

4.500%, 06/01/18

    25,856        26,537   

4.500%, 07/01/18

    19,967        20,469   

4.500%, 03/01/19

    44,176        45,526   

4.500%, 06/01/19

    28,546        29,389   

4.500%, 04/01/20

    32,335        33,508   

4.500%, 07/01/20

    16,429        16,974   

5.000%, 11/01/17

    13,648        14,024   

5.000%, 02/01/18

    45,078        46,321   

5.000%, 12/01/18

    100,019        103,010   

5.000%, 07/01/19

    59,542        61,719   

5.000%, 07/01/20

    38,960        40,034   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 15 Yr. Pool
5.000%, 08/01/20

    27,529      28,960   

5.000%, 12/01/20

    82,577        86,467   

5.500%, 11/01/17

    19,468        19,796   

5.500%, 12/01/17

    3,310        3,362   

5.500%, 01/01/18

    1,835        1,838   

5.500%, 02/01/18

    14,061        14,279   

5.500%, 06/01/19

    63,186        65,424   

5.500%, 07/01/19

    59,559        61,826   

5.500%, 08/01/19

    15,196        15,729   

5.500%, 09/01/19

    60,123        62,563   

5.500%, 01/01/21

    32,409        34,109   

5.500%, 03/01/21

    10,442        11,074   

6.000%, 01/01/17

    993        994   

6.000%, 02/01/17

    2,688        2,699   

6.000%, 07/01/17

    6,622        6,680   

6.000%, 08/01/17

    1,035        1,047   

6.000%, 09/01/17

    10,836        10,973   

6.000%, 03/01/18

    1,342        1,365   

6.000%, 11/01/18

    7,006        7,155   

6.000%, 01/01/21

    45,807        48,386   

6.000%, 05/01/21

    14,407        15,139   

Fannie Mae 20 Yr. Pool
6.000%, 11/01/25

    26,340        30,153   

Fannie Mae 30 Yr. Pool
3.000%, TBA (c)

    858,000        891,750   

3.500%, 11/01/41

    61,435        65,429   

3.500%, 01/01/42

    848,187        907,064   

3.500%, 01/01/43

    284,681        301,274   

3.500%, 04/01/43

    921,503        975,770   

3.500%, 05/01/43

    1,542,562        1,627,262   

3.500%, 06/01/43

    550,859        582,900   

3.500%, 07/01/43

    1,507,992        1,597,002   

3.500%, 08/01/43

    477,972        506,079   

3.500%, 09/01/43

    2,104,700        2,226,543   

3.500%, 09/01/45

    1,749,448        1,845,524   

3.500%, 10/01/45

    713,100        753,365   

4.000%, 09/01/40

    1,836,823        1,976,971   

4.000%, 11/01/40

    374,743        403,484   

4.000%, 12/01/40

    866,836        933,115   

4.000%, 02/01/41

    994,759        1,071,559   

4.000%, 06/01/41

    825,692        888,654   

4.000%, 11/01/41

    340,426        366,817   

4.000%, 01/01/42

    2,333,958        2,515,001   

4.000%, 04/01/42

    277,452        298,068   

4.000%, 10/01/42

    259,422        279,634   

4.000%, 12/01/42

    301,766        325,379   

4.000%, 01/01/43

    355,172        382,298   

4.000%, 04/01/43

    88,824        95,424   

4.000%, 05/01/43

    491,857        529,604   

4.000%, 06/01/43

    445,155        479,508   

4.000%, 07/01/43

    440,879        473,638   

4.000%, 11/01/44

    730,317        784,582   

4.000%, 02/01/45

    592,460        636,483   

4.500%, 08/01/33

    214,364        235,506   

 

MSF-191


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
4.500%, 03/01/34

    638,858      $ 704,944   

4.500%, 01/01/40

    227,928        250,342   

4.500%, 08/01/40

    51,982        57,103   

4.500%, 02/01/41

    350,440        386,383   

4.500%, 04/01/41

    603,480        664,594   

4.500%, 11/01/42

    215,094        236,519   

4.500%, 01/01/43

    479,874        526,675   

4.500%, 04/01/44

    2,715,922        2,983,178   

4.500%, 06/01/44

    278,350        305,001   

5.000%, 11/01/33

    121,805        135,889   

5.000%, 03/01/34

    102,580        114,448   

5.000%, 05/01/34

    42,730        47,586   

5.000%, 08/01/34

    42,493        47,699   

5.000%, 09/01/34

    160,616        180,386   

5.000%, 06/01/35

    110,083        122,467   

5.000%, 07/01/35

    317,504        354,178   

5.000%, 08/01/35

    102,341        113,960   

5.000%, 09/01/35

    74,535        82,997   

5.000%, 10/01/35

    295,205        328,345   

5.000%, 07/01/39

    368,585        416,373   

5.000%, 10/01/39

    187,680        208,276   

5.000%, 11/01/39

    87,208        98,314   

5.000%, 11/01/40

    134,742        151,568   

5.000%, 01/01/41

    32,362        36,054   

5.000%, 03/01/41

    88,222        99,144   

5.500%, 02/01/33

    53,135        60,215   

5.500%, 05/01/33

    8,853        10,054   

5.500%, 06/01/33

    202,383        229,888   

5.500%, 07/01/33

    198,801        226,021   

5.500%, 11/01/33

    122,047        138,738   

5.500%, 12/01/33

    18,542        20,873   

5.500%, 01/01/34

    147,623        167,470   

5.500%, 02/01/34

    183,122        208,270   

5.500%, 03/01/34

    46,257        53,127   

5.500%, 04/01/34

    56,457        63,844   

5.500%, 05/01/34

    357,654        408,460   

5.500%, 06/01/34

    449,906        511,659   

5.500%, 07/01/34

    138,654        157,231   

5.500%, 09/01/34

    531,701        603,877   

5.500%, 10/01/34

    568,199        645,046   

5.500%, 11/01/34

    800,212        909,906   

5.500%, 12/01/34

    323,696        366,303   

5.500%, 01/01/35

    378,589        430,897   

5.500%, 02/01/35

    10,769        12,123   

5.500%, 04/01/35

    72,992        83,007   

5.500%, 07/01/35

    36,053        40,670   

5.500%, 08/01/35

    8,170        9,197   

5.500%, 09/01/35

    232,772        266,492   

6.000%, 02/01/32

    107,510        123,964   

6.000%, 03/01/34

    26,764        31,309   

6.000%, 04/01/34

    249,920        290,446   

6.000%, 06/01/34

    286,159        334,206   

6.000%, 07/01/34

    266,253        308,614   

6.000%, 08/01/34

    388,960        450,447   

6.000%, 10/01/34

    218,495        253,146   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
6.000%, 11/01/34

    35,920      41,273   

6.000%, 12/01/34

    9,006        10,309   

6.000%, 08/01/35

    73,436        85,196   

6.000%, 09/01/35

    73,218        85,000   

6.000%, 10/01/35

    101,139        116,426   

6.000%, 11/01/35

    18,035        20,646   

6.000%, 12/01/35

    109,156        126,275   

6.000%, 02/01/36

    149,981        174,773   

6.000%, 04/01/36

    97,414        111,514   

6.000%, 06/01/36

    34,086        39,389   

6.000%, 07/01/37

    139,768        162,582   

6.500%, 06/01/31

    41,054        49,107   

6.500%, 07/01/31

    10,041        11,565   

6.500%, 08/01/31

    7,210        8,305   

6.500%, 09/01/31

    37,440        43,126   

6.500%, 02/01/32

    31,159        36,465   

6.500%, 07/01/32

    109,622        128,589   

6.500%, 08/01/32

    87,364        101,538   

6.500%, 01/01/33

    45,775        54,891   

6.500%, 04/01/34

    61,364        72,376   

6.500%, 06/01/34

    28,141        32,415   

6.500%, 08/01/34

    17,768        20,466   

6.500%, 04/01/36

    25,784        29,700   

6.500%, 05/01/36

    79,323        93,585   

6.500%, 02/01/37

    119,732        142,390   

6.500%, 05/01/37

    82,953        97,958   

6.500%, 07/01/37

    61,506        70,846   

Fannie Mae Pool
2.410%, 05/01/23

    94,170        97,648   

2.550%, 05/01/23

    151,359        158,177   

2.700%, 07/01/25

    121,000        126,601   

3.800%, 02/01/18

    132,889        135,996   

3.828%, 07/01/18

    125,910        130,858   

3.910%, 02/01/18

    192,705        197,329   

4.600%, 09/01/19

    128,837        138,860   

5.370%, 05/01/18

    604,828        630,129   

Fannie Mae-ACES
2.578%, 09/25/18

    473,973        481,587   

Freddie Mac 15 Yr. Gold Pool
3.000%, 11/01/30

    816,530        857,967   

4.500%, 05/01/18

    8,558        8,769   

4.500%, 08/01/18

    15,794        16,184   

4.500%, 11/01/18

    28,327        29,100   

4.500%, 01/01/19

    57,008        58,537   

4.500%, 08/01/19

    4,001        4,112   

4.500%, 02/01/20

    28,621        29,677   

4.500%, 08/01/24

    279,856        297,572   

5.000%, 12/01/17

    446        458   

5.000%, 05/01/18

    8,566        8,799   

5.000%, 09/01/18

    28,959        29,764   

5.500%, 01/01/19

    11,197        11,516   

5.500%, 04/01/19

    7,248        7,459   

5.500%, 06/01/19

    4,928        5,065   

5.500%, 07/01/19

    4,202        4,332   

5.500%, 08/01/19

    3,949        4,077   

 

MSF-192


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool
5.500%, 02/01/20

    4,111      $ 4,277   

6.000%, 04/01/17

    1,404        1,413   

6.000%, 07/01/17

    954        959   

6.000%, 10/01/17

    1,896        1,908   

6.000%, 08/01/19

    42,880        44,565   

6.000%, 09/01/19

    8,639        8,810   

6.000%, 11/01/19

    8,683        8,984   

6.000%, 05/01/21

    18,436        19,369   

6.000%, 10/01/21

    40,641        43,065   

Freddie Mac 20 Yr. Gold Pool
5.500%, 10/01/24

    53,891        60,436   

5.500%, 06/01/25

    98,946        110,963   

5.500%, 07/01/25

    55,828        62,608   

5.500%, 08/01/25

    80,837        90,655   

6.000%, 02/01/23

    79,719        90,936   

6.000%, 12/01/25

    36,629        41,783   

6.000%, 02/01/26

    33,021        37,668   

Freddie Mac 30 Yr. Gold Pool
3.000%, 10/01/42

    668,989        696,735   

3.000%, 04/01/43

    1,519,603        1,595,942   

3.000%, 05/01/43

    1,271,155        1,336,145   

3.500%, 02/01/42

    738,560        788,684   

3.500%, 04/01/42

    419,528        452,528   

3.500%, 12/01/42

    1,135,269        1,216,402   

3.500%, 04/01/43

    288,913        309,730   

3.500%, 07/01/43

    423,030        447,881   

3.500%, 08/01/43

    750,300        794,257   

3.500%, 11/01/45

    1,572,894        1,659,178   

3.500%, 12/01/45

    713,032        752,146   

3.500%, 04/01/46

    965,589        1,018,610   

4.000%, 11/01/40

    906,977        976,814   

4.000%, 01/01/41

    1,814,995        1,954,152   

4.000%, 11/01/43

    555,116        595,399   

4.000%, 04/01/44

    627,448        673,075   

4.000%, 09/01/44

    1,918,273        2,057,475   

4.000%, 09/01/45

    821,701        881,328   

4.000%, TBA (c)

    610,000        653,582   

4.500%, 04/01/35

    58,181        63,895   

4.500%, 07/01/39

    320,352        351,306   

4.500%, 09/01/39

    172,158        189,267   

4.500%, 10/01/39

    101,257        111,062   

4.500%, 12/01/39

    162,766        178,510   

4.500%, 05/01/42

    276,513        303,588   

5.000%, 09/01/33

    247,419        276,813   

5.000%, 03/01/34

    59,265        66,795   

5.000%, 04/01/34

    44,083        49,213   

5.000%, 08/01/35

    62,926        70,088   

5.000%, 10/01/35

    128,739        144,487   

5.000%, 11/01/35

    107,204        119,350   

5.000%, 12/01/36

    70,545        78,764   

5.000%, 07/01/39

    519,889        575,798   

5.500%, 12/01/33

    259,207        298,427   

5.500%, 01/01/34

    189,075        215,192   

5.500%, 04/01/34

    44,141        50,206   

5.500%, 11/01/34

    39,456        44,917   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool
5.500%, 12/01/34

    53,154      59,827   

5.500%, 05/01/35

    34,319        38,781   

5.500%, 09/01/35

    57,760        64,775   

5.500%, 10/01/35

    67,454        77,207   

6.000%, 04/01/34

    107,479        124,851   

6.000%, 07/01/34

    36,242        41,584   

6.000%, 08/01/34

    308,506        357,924   

6.000%, 09/01/34

    4,737        5,405   

6.000%, 07/01/35

    54,308        62,951   

6.000%, 08/01/35

    62,652        72,642   

6.000%, 11/01/35

    118,348        137,253   

6.000%, 03/01/36

    43,926        50,120   

6.000%, 10/01/36

    43,928        50,934   

6.000%, 03/01/37

    7,981        9,105   

6.000%, 05/01/37

    69,858        81,219   

6.000%, 06/01/37

    73,207        84,921   

6.500%, 05/01/34

    22,511        25,790   

6.500%, 06/01/34

    72,612        83,635   

6.500%, 08/01/34

    90,824        104,050   

6.500%, 10/01/34

    92,674        108,105   

6.500%, 11/01/34

    45,009        51,564   

6.500%, 05/01/37

    73,497        87,245   

6.500%, 07/01/37

    104,437        125,028   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.869%, 11/25/19

    363,000        368,704   

2.412%, 08/25/18

    453,699        462,140   

2.456%, 08/25/19

    330,000        339,457   

2.510%, 11/25/22

    415,000        433,261   

2.670%, 12/25/24

    507,000        532,944   

2.673%, 03/25/26

    300,000        313,887   

2.682%, 10/25/22

    620,000        653,486   

2.716%, 06/25/22

    346,271        365,614   

2.791%, 01/25/22

    474,000        501,537   

3.111%, 02/25/23

    695,000        749,704   

3.154%, 02/25/18

    110,297        112,667   

3.171%, 10/25/24

    424,000        461,170   

3.250%, 04/25/23 (d)

    803,000        873,683   

3.320%, 02/25/23 (d)

    186,000        203,027   

3.458%, 08/25/23 (d)

    835,000        920,246   

5.085%, 03/25/19

    1,226,000        1,326,956   

Ginnie Mae I 30 Yr. Pool
3.000%, 02/15/43

    524,838        553,963   

3.500%, 12/15/41

    384,201        413,508   

3.500%, 02/15/42

    164,664        175,170   

4.500%, 09/15/33

    103,331        114,935   

4.500%, 11/15/39

    329,894        364,628   

4.500%, 03/15/40

    368,470        417,166   

4.500%, 04/15/40

    468,595        518,274   

4.500%, 06/15/40

    192,576        214,984   

5.000%, 03/15/34

    39,048        43,967   

5.000%, 06/15/34

    86,836        97,716   

5.000%, 12/15/34

    37,157        41,823   

5.000%, 06/15/35

    10,574        11,787   

5.500%, 11/15/32

    153,015        173,964   

 

MSF-193


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool
5.500%, 08/15/33

    270,383      $ 305,608   

5.500%, 12/15/33

    168,394        192,798   

5.500%, 09/15/34

    128,793        147,470   

5.500%, 10/15/35

    31,687        35,815   

6.000%, 12/15/28

    41,573        48,374   

6.000%, 12/15/31

    35,064        40,208   

6.000%, 03/15/32

    3,631        4,160   

6.000%, 10/15/32

    167,731        196,871   

6.000%, 01/15/33

    33,647        38,596   

6.000%, 02/15/33

    1,809        2,095   

6.000%, 04/15/33

    182,108        213,798   

6.000%, 08/15/33

    1,542        1,778   

6.000%, 07/15/34

    121,410        143,197   

6.000%, 09/15/34

    42,485        48,671   

6.000%, 01/15/38

    174,752        207,881   

Ginnie Mae II 30 Yr. Pool
3.000%, 06/20/43

    655,379        689,764   

3.000%, 07/20/43

    488,296        513,894   

3.500%, 06/20/43

    933,901        995,627   

3.500%, 07/20/43

    1,182,216        1,260,455   

3.500%, 12/20/45

    687,730        730,872   

4.000%, 01/20/41

    1,181,553        1,273,739   

4.000%, 02/20/41

    295,684        318,754   

4.000%, 04/20/41

    222,048        239,352   

4.000%, 02/20/42

    307,297        330,406   

4.500%, 07/20/33

    21,433        23,339   

4.500%, 09/20/33

    13,178        14,327   

4.500%, 12/20/34

    10,093        10,983   

4.500%, 03/20/35

    52,898        57,508   

4.500%, 01/20/41

    306,324        335,982   

5.000%, 07/20/33

    44,521        50,023   

6.000%, 01/20/35

    48,063        56,564   

6.000%, 02/20/35

    24,265        28,623   

6.000%, 04/20/35

    40,759        48,087   
   

 

 

 
      99,413,469   
   

 

 

 

Federal Agencies—0.1%

  

Financing Corp.
9.650%, 11/02/18

    430,000        507,931   
   

 

 

 

U.S. Treasury—11.8%

  

U.S. Treasury Bonds
2.875%, 05/15/43

    22,942,400        25,544,940   

4.500%, 02/15/36

    1,512,000        2,127,904   

4.500%, 08/15/39

    2,514,000        3,563,497   

5.000%, 05/15/37

    232,000        347,592   

5.250%, 02/15/29

    16,000        22,247   

5.375%, 02/15/31

    276,000        402,669   

6.250%, 08/15/23

    80,000        105,487   

U.S. Treasury Notes
0.750%, 06/30/17

    1,080,000        1,081,179   

1.000%, 06/30/19

    16,589,000        16,652,503   

1.375%, 02/29/20

    798,000        808,443   

2.500%, 08/15/23

    7,449,000        7,980,032   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
2.750%, 02/15/19

    2,524,100      2,638,472   

3.125%, 05/15/19

    6,086,000        6,443,790   

3.125%, 05/15/21

    3,504,000        3,812,517   

3.500%, 05/15/20

    25,140,000        27,344,652   

3.750%, 11/15/18

    2,067,000        2,194,895   

4.750%, 08/15/17

    2,444,000        2,530,305   
   

 

 

 
      103,601,124   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $193,017,638)

      203,522,524   
   

 

 

 
Corporate Bonds & Notes—12.2%   

Agriculture—0.3%

  

Imperial Brands Finance plc
2.950%, 07/21/20 (144A) (e)

    828,000        854,883   

Reynolds American, Inc.
4.450%, 06/12/25 (b)

    1,823,000        2,033,968   
   

 

 

 
      2,888,851   
   

 

 

 

Auto Manufacturers—0.3%

  

General Motors Financial Co., Inc.
3.200%, 07/06/21

    776,000        785,530   

5.250%, 03/01/26

    391,000        429,429   

Toyota Motor Credit Corp.
3.400%, 09/15/21

    880,000        948,715   

Volkswagen International Finance NV
2.375%, 03/22/17 (144A)

    857,000        860,418   
   

 

 

 
      3,024,092   
   

 

 

 

Banks—2.5%

  

ABN AMRO Bank NV
4.800%, 04/18/26 (144A)

    800,000        848,501   

Banco de Credito del Peru
5.375%, 09/16/20

    835,000        920,587   

Bank of America Corp.
4.100%, 07/24/23

    1,270,000        1,372,973   

4.125%, 01/22/24

    1,973,000        2,139,711   

5.490%, 03/15/19

    196,000        211,767   

7.625%, 06/01/19

    710,000        814,802   

Bank One Corp.
8.000%, 04/29/27

    100,000        136,337   

BBVA Bancomer S.A.
6.750%, 09/30/22 (144A)

    810,000        905,175   

BNP Paribas S.A.
7.195%, 06/25/37 (144A) (b) (d)

    500,000        562,500   

BPCE S.A.
12.500%, 09/30/19 (144A) (d)

    922,000        1,167,584   

Citigroup, Inc.
2.500%, 09/26/18

    580,000        589,204   

Credit Suisse AG
6.500%, 08/08/23 (144A)

    396,000        429,165   

Discover Bank
4.200%, 08/08/23

    510,000        548,869   

 

MSF-194


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

ING Bank NV
5.800%, 09/25/23 (144A)

    1,076,000      $ 1,202,739   

JPMorgan Chase & Co.
6.300%, 04/23/19

    1,210,000        1,347,941   

KFW
4.875%, 06/17/19

    1,290,000        1,419,676   

Mitsubishi UFJ Financial Group, Inc.
3.850%, 03/01/26

    784,000        850,355   

Morgan Stanley
3.875%, 04/29/24

    1,081,000        1,156,118   

4.000%, 07/23/25

    396,000        425,842   

6.625%, 04/01/18

    1,343,000        1,438,998   

PNC Financial Services Group, Inc. (The)
5.625%, 02/01/17

    1,080,000        1,095,540   

Royal Bank of Scotland Group plc
3.875%, 09/12/23

    1,128,000        1,109,944   

Swedbank AB
2.125%, 09/29/17 (144A)

    231,000        232,692   

UBS Group Funding Jersey, Ltd.
4.125%, 04/15/26 (144A) (e)

    838,000        881,143   
   

 

 

 
      21,808,163   
   

 

 

 

Beverages—0.5%

  

Anheuser-Busch InBev Finance, Inc.
3.650%, 02/01/26

    1,171,000        1,257,654   

Anheuser-Busch InBev Worldwide, Inc.
8.000%, 11/15/39

    1,020,000        1,628,222   

Diageo Capital plc
2.625%, 04/29/23

    1,020,000        1,049,989   
   

 

 

 
      3,935,865   
   

 

 

 

Biotechnology—0.3%

  

Celgene Corp.
2.875%, 08/15/20

    504,000        521,379   

Gilead Sciences, Inc.
3.500%, 02/01/25

    1,880,000        1,991,347   

3.700%, 04/01/24

    312,000        335,876   
   

 

 

 
      2,848,602   
   

 

 

 

Commercial Services—0.2%

  

ERAC USA Finance LLC
7.000%, 10/15/37 (144A)

    1,115,000        1,520,683   
   

 

 

 

Computers—0.2%

  

Apple, Inc.
2.850%, 02/23/23

    1,176,000        1,237,988   

3.850%, 05/04/43

    370,000        378,136   
   

 

 

 
      1,616,124   
   

 

 

 

Diversified Financial Services—0.3%

  

GE Capital International Funding Co.
3.373%, 11/15/25

    358,000        387,362   

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

    301,000        312,509   

4.000%, 10/15/23

    832,000        914,055   

Diversified Financial Services—(Continued)

  

Visa, Inc.
3.150%, 12/14/25

    1,192,000      1,259,146   
   

 

 

 
      2,873,072   
   

 

 

 

Electric—1.1%

  

Berkshire Hathaway Energy Co.
3.750%, 11/15/23

    440,000        480,334   

Duke Energy Corp.
2.650%, 09/01/26

    131,000        128,546   

Exelon Corp.
3.400%, 04/15/26

    1,137,000        1,183,416   

Midamerican Funding LLC
6.927%, 03/01/29

    699,000        978,785   

Oncor Electric Delivery Co. LLC
7.000%, 09/01/22

    795,000        1,007,276   

Pacific Gas & Electric Co.
4.600%, 06/15/43

    880,000        1,018,200   

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

    880,000        929,413   

5.000%, 03/15/44

    296,000        333,618   

Progress Energy, Inc.
3.150%, 04/01/22

    1,083,000        1,134,380   

Southern Co. (The)
3.250%, 07/01/26

    1,295,000        1,341,290   

State Grid Overseas Investment, Ltd.
2.750%, 05/07/19 (144A) (e)

    778,000        800,075   

W3A Funding Corp.
8.090%, 01/02/17

    244,260        244,258   
   

 

 

 
      9,579,591   
   

 

 

 

Food—0.2%

  

J.M. Smucker Co. (The)
3.500%, 03/15/25

    580,000        621,161   

Kraft Heinz Foods Co.
3.500%, 06/06/22

    412,000        437,752   

WM Wrigley Jr. Co.
2.400%, 10/21/18 (144A)

    248,000        252,029   
   

 

 

 
      1,310,942   
   

 

 

 

Healthcare-Products—0.5%

  

Becton Dickinson & Co.
2.675%, 12/15/19

    596,000        615,495   

6.375%, 08/01/19

    1,110,000        1,252,486   

Medtronic, Inc.
4.375%, 03/15/35

    946,000        1,071,990   

Thermo Fisher Scientific, Inc.
2.950%, 09/19/26

    245,000        243,143   

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

    1,222,000        1,259,451   
   

 

 

 
      4,442,565   
   

 

 

 

Healthcare-Services—0.5%

  

Aetna, Inc.
3.200%, 06/15/26

    1,132,000        1,150,933   

 

MSF-195


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Services—(Continued)

  

Anthem, Inc.
3.300%, 01/15/23

    600,000      $ 628,800   

Laboratory Corp. of America Holdings
3.200%, 02/01/22

    850,000        885,221   

UnitedHealth Group, Inc.
3.750%, 07/15/25

    1,303,000        1,430,902   
   

 

 

 
      4,095,856   
   

 

 

 

Household Products/Wares—0.1%

  

Reckitt Benckiser Treasury Services plc
3.625%, 09/21/23 (144A)

    1,070,000        1,150,341   
   

 

 

 

Housewares—0.1%

  

Newell Brands, Inc.
3.850%, 04/01/23

    914,000        972,922   
   

 

 

 

Insurance—0.6%

  

American International Group, Inc.
4.125%, 02/15/24

    750,000        808,139   

4.875%, 06/01/22

    1,770,000        1,991,503   

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

    390,000        409,913   

Liberty Mutual Group, Inc.
4.250%, 06/15/23 (144A)

    578,000        625,285   

Marsh & McLennan Cos., Inc.
4.800%, 07/15/21

    920,000        1,027,449   

ZFS Finance USA Trust V
6.500%, 05/09/37 (144A) (d)

    491,000        495,640   
   

 

 

 
      5,357,929   
   

 

 

 

Internet—0.1%

  

Baidu, Inc.
3.500%, 11/28/22

    1,110,000        1,168,423   
   

 

 

 

Media—0.4%

  

21st Century Fox America, Inc.
8.500%, 02/23/25

    722,000        975,000   

Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
4.908%, 07/23/25 (144A)

    523,000        576,898   

Grupo Televisa S.A.B.
5.000%, 05/13/45

    318,000        303,296   

Time Warner Entertainment Co. L.P.
8.375%, 07/15/33

    1,240,000        1,688,546   
   

 

 

 
      3,543,740   
   

 

 

 

Mining—0.1%

  

Freeport-McMoRan, Inc.
3.875%, 03/15/23

    1,010,000        906,394   
   

 

 

 

Miscellaneous Manufacturing—0.1%

  

General Electric Co.
1.285%, 01/09/20 (d)

    633,000        637,332   

3.100%, 01/09/23

    138,000        146,607   
   

 

 

 
      783,939   
   

 

 

 

Multi-National—0.1%

  

Asian Development Bank
1.125%, 03/15/17

    574,000      574,725   
   

 

 

 

Oil & Gas—1.2%

  

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

    68,000        70,893   

BP Capital Markets plc
4.500%, 10/01/20

    306,000        336,416   

4.742%, 03/11/21

    847,000        953,271   

Chevron Corp.
0.987%, 11/15/17 (d)

    1,696,000        1,697,806   

CNOOC Finance, Ltd.
3.875%, 05/02/22 (144A)

    1,010,000        1,085,708   

Petro-Canada
6.050%, 05/15/18

    1,664,000        1,778,019   

Petroleos Mexicanos
3.125%, 01/23/19

    352,000        355,168   

Shell International Finance B.V.
3.750%, 09/12/46

    397,000        391,930   

Statoil ASA
7.750%, 06/15/23

    100,000        131,261   

Total Capital International S.A.
1.550%, 06/28/17

    684,000        685,951   

3.750%, 04/10/24

    910,000        1,003,468   

Valero Energy Corp.
3.400%, 09/15/26

    1,741,000        1,729,400   
   

 

 

 
      10,219,291   
   

 

 

 

Pharmaceuticals—0.6%

  

AbbVie, Inc.
3.600%, 05/14/25

    584,000        610,433   

Actavis Funding SCS
3.800%, 03/15/25

    463,000        490,018   

4.850%, 06/15/44

    537,000        590,676   

Shire Acquisitions Investments Ireland DAC
3.200%, 09/23/26

    1,498,000        1,506,058   

Teva Pharmaceutical Finance IV B.V.
3.650%, 11/10/21

    572,000        607,517   

Teva Pharmaceutical Finance Netherlands III B.V.
3.150%, 10/01/26

    1,256,000        1,261,810   
   

 

 

 
      5,066,512   
   

 

 

 

Pipelines—0.6%

  

APT Pipelines, Ltd.
4.200%, 03/23/25 (144A)

    1,228,000        1,270,818   

Enterprise Products Operating LLC
6.500%, 01/31/19

    908,000        1,007,173   

Kinder Morgan Energy Partners L.P.
4.150%, 02/01/24

    691,000        705,143   

7.750%, 03/15/32

    625,000        750,666   

Spectra Energy Capital LLC
8.000%, 10/01/19

    1,253,000        1,446,067   
   

 

 

 
      5,179,867   
   

 

 

 

 

MSF-196


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Real Estate Investment Trusts—0.1%

  

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

    734,000      $ 822,266   
   

 

 

 

Retail—0.3%

  

CVS Health Corp.
3.875%, 07/20/25

    1,094,000        1,190,948   

Home Depot, Inc. (The)
5.950%, 04/01/41

    278,000        382,297   

Walgreens Boots Alliance, Inc.
3.300%, 11/18/21

    836,000        884,054   

4.500%, 11/18/34

    426,000        452,717   
   

 

 

 
      2,910,016   
   

 

 

 

Sovereign—0.2%

  

Temasek Financial I, Ltd.
2.375%, 01/23/23 (144A)

    1,790,000        1,831,988   
   

 

 

 

Telecommunications—0.7%

  

AT&T, Inc.
3.000%, 06/30/22

    838,000        861,555   

3.400%, 05/15/25

    838,000        860,968   

Crown Castle Towers LLC
4.883%, 08/15/20 (144A)

    370,000        404,390   

6.113%, 01/15/20 (144A)

    711,000        787,965   

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

    1,483,000        1,625,328   

Verizon Communications, Inc.
5.050%, 03/15/34

    1,024,000        1,150,948   

6.400%, 09/15/33

    320,000        414,607   
   

 

 

 
      6,105,761   
   

 

 

 

Total Corporate Bonds & Notes (Cost $99,824,860)

      106,538,520   
   

 

 

 
Mortgage-Backed Securities—1.8%   

Collateralized Mortgage Obligations—0.0%

  

BlackRock Capital Finance L.P.
7.750%, 09/25/26 (144A) (e)

    19,425        3,854   
   

 

 

 

Commercial Mortgage-Backed Securities—1.8%

  

Commercial Mortgage Trust
3.708%, 07/10/48

    1,300,833        1,417,607   

5.475%, 03/10/39

    3,025,000        3,049,943   

Credit Suisse Commercial Mortgage Trust
5.695%, 09/15/40 (d)

    1,190,450        1,217,759   

CSAIL Commercial Mortgage Trust
3.504%, 06/15/57

    738,578        794,326   

General Electric Capital Assurance Co.
5.743%, 05/12/35 (144A) (d) (e)

    20,732        22,282   

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

    1,387,991        1,480,782   

JPMBB Commercial Mortgage Securities Trust 3.494%, 01/15/48

    1,590,000        1,708,992   

JPMorgan Chase Commercial Mortgage Securities Trust 5.940%, 06/15/49 (d)

    2,075,601        2,104,163   

Commercial Mortgage-Backed Securities—(Continued)

  

Morgan Stanley Capital I, Inc.
1.242%, 11/15/30 (144A) (d) (f)

    1,079,925      12,655   

Wachovia Bank Commercial Mortgage Trust
5.889%, 06/15/49 (d)

    1,131,867        1,150,496   

6.158%, 02/15/51 (d)

    1,279,199        1,295,076   

Wells Fargo Commercial Mortgage Trust
3.540%, 05/15/48

    1,410,327        1,514,261   
   

 

 

 
      15,768,342   
   

 

 

 

Total Mortgage-Backed Securities (Cost $15,738,389)

      15,772,196   
   

 

 

 
Asset-Backed Securities—1.0%   

Asset-Backed - Automobile—0.3%

  

Chesapeake Funding II LLC
1.448%, 06/15/28 (144A) (d) (e)

    1,216,000        1,222,565   

Ford Credit Auto Owner Trust
2.260%, 11/15/25 (144A)

    550,000        560,692   

2.310%, 04/15/26 (144A)

    425,000        434,512   
   

 

 

 
      2,217,769   
   

 

 

 

Asset-Backed - Home Equity—0.1%

  

Bayview Financial Revolving Asset Trust
2.124%, 12/28/40 (144A) (d) (e)

    717,997        521,673   

GMAC Home Equity Loan Trust
5.805%, 10/25/36 (d)

    232,556        224,182   

Home Equity Loan Trust
5.320%, 12/25/35 (d)

    505,877        431,713   
   

 

 

 
      1,177,568   
   

 

 

 

Asset-Backed - Other—0.6%

  

American Tower Trust I
3.070%, 03/15/48 (144A)

    1,000,000        1,041,615   

Atrium CDO Corp.
1.421%, 11/16/22 (144A) (d) (e)

    278,017        277,713   

Cent CLO, Ltd.
2.057%, 01/30/25 (144A) (d)

    831,000        829,188   

Dryden XXVI Senior Loan Fund
1.780%, 07/15/25 (144A) (d)

    1,068,000        1,059,645   

Fortress Credit BSL, Ltd.
1.868%, 01/19/25 (144A) (d)

    716,478        712,648   

Small Business Administration Participation Certificates
4.350%, 07/01/23

    209,417        220,880   

4.770%, 04/01/24

    13,744        14,652   

4.950%, 03/01/25

    75,045        81,063   

4.990%, 09/01/24

    40,260        43,295   

5.110%, 08/01/25

    106,905        115,951   

5.180%, 05/01/24

    22,259        23,935   

5.520%, 06/01/24

    52,804        57,301   

Voya CLO, Ltd.
1.865%, 04/25/25 (144A) (d)

    970,000        967,828   
   

 

 

 
      5,445,714   
   

 

 

 

Total Asset-Backed Securities
(Cost $8,974,835)

      8,841,051   
   

 

 

 

 

MSF-197


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Convertible Preferred Stocks—0.6%

 

Security Description   Shares/
Principal
Amount*
    Value  

Diversified Telecommunication Services—0.1%

  

Frontier Communications Corp.
11.125%, 06/29/18

    5,512      $ 462,512   
   

 

 

 

Electric Utilities—0.2%

  

Exelon Corp.
6.500%, 06/01/17

    37,363        1,746,347   
   

 

 

 

Food Products—0.2%

  

Tyson Foods, Inc.
4.750%, 07/15/17

    17,900        1,465,294   
   

 

 

 

Pharmaceuticals—0.1%

  

Allergan plc
5.500%, 03/01/18

    1,285        1,055,794   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $4,305,730)

      4,729,947   
   

 

 

 
Municipals—0.2%   

New Jersey State Turnpike Authority, Build America Bonds
7.414%, 01/01/40
(Cost $1,092,733)

    1,050,000        1,644,111   
   

 

 

 
Foreign Government—0.1%   

Sovereign—0.1%

  

Mexico Government International Bonds
4.750%, 03/08/44
(Cost $896,784)

    909,000        941,951   
   

 

 

 
Short-Term Investment—1.8%   

Commercial Paper—1.8%

  

GE Capital Treasury Services U.S. LLC
0.230%, 10/03/16 (g)

    15,676,000        15,675,704   
   

 

 

 

Total Short-Term Investments
(Cost $15,675,704)

      15,675,704   
   

 

 

 
Securities Lending Reinvestments (h)—0.9%   

Certificates of Deposit—0.0%

  

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    100,000        100,000   

Standard Chartered Bank New York
0.910%, 12/16/16

    35,000        35,003   

Swedbank
0.350%, 10/03/16

    100,000        100,000   
   

 

 

 
      235,003   
   

 

 

 

Repurchase Agreements—0.9%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $800,062 on 10/03/16, collateralized by $756,012 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $816,000.

    800,000      800,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $800,056 on 10/03/16, collateralized by $785,379 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $816,001.

    800,000        800,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $1,000,042 on 10/03/16, collateralized by $972,192 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $1,020,000.

    1,000,000        1,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $1,000,038 on 10/03/16, collateralized by $788,800 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $1,020,014.

    1,000,000        1,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $800,063 on 10/03/16, collateralized by $763,743 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $816,341.

    800,000        800,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $56,731 on 10/03/16, collateralized by $46,868 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $57,863.

    56,728        56,728   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $1,000,058 on 10/03/16, collateralized by $1,599,561 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $1,020,060.

    1,000,000        1,000,000   

 

MSF-198


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (h)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $300,022 on 10/04/16, collateralized by $288,532 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $306,000.

    300,000      $ 300,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $1,000,043 on 10/03/16, collateralized by $1,411,875 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $1,020,000.

    1,000,000        1,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,400,054 on 10/03/16, collateralized by $1,310,652 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,428,029.

    1,400,000        1,400,000   
   

 

 

 
      8,156,728   
   

 

 

 

Time Deposits—0.0%

  

ANZ London
0.420%, 10/03/16

    28,066        28,066   

Den Norske Bank, Oslo
0.400%, 10/03/16

    100,000        100,000   

Royal Bank of Canada
0.280%, 10/03/16

    100,000        100,000   
   

 

 

 
      228,066   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $8,619,794)

      8,619,797   
   

 

 

 

Total Investments—101.0%
(Cost $755,602,783) (i)

      882,115,500   

Other assets and liabilities (net)—(1.0)%

      (8,391,458
   

 

 

 
Net Assets—100.0%     $ 873,724,042   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $8,396,804 and the collateral received consisted of cash in the amount of $8,619,794. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(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 September 30, 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 September 30, 2016, the market value of restricted securities was $4,584,188, which is 0.5% 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 September 30, 2016.
(i) As of September 30, 2016, the aggregate cost of investments was $755,602,783. The aggregate unrealized appreciation and depreciation of investments were $136,769,339 and $(10,256,622), respectively, resulting in net unrealized appreciation of $126,512,717.
(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 September 30, 2016, the market value of 144A securities was $26,413,490, which is 3.0% of net assets.
(ACES)— Alternative Credit Enhancement Securities
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Atrium CDO Corp., 1.421%, 11/16/22

     02/03/16       $ 278,017       $ 277,004       $ 277,713   

Bayview Financial Revolving Asset Trust, 2.124%, 12/28/40

     03/01/06         717,997         717,997         521,673   

BlackRock Capital Finance L.P., 7.750%, 09/25/26

     05/01/06         19,425         18,720         3,854   

Chesapeake Funding II LLC, 1.448%, 06/15/28

     06/14/16         1,216,000         1,216,000         1,222,565   

General Electric Capital Assurance Co., 5.743%, 05/12/35

     09/23/03         20,732         20,836         22,282   

Imperial Brands Finance plc, 2.950%, 07/21/20

     07/21/15         828,000         821,051         854,883   

State Grid Overseas Investment, Ltd., 2.750%, 05/07/19

     05/07/14         778,000         774,135         800,075   

UBS Group Funding Jersey, Ltd., 4.125%, 04/15/26

     03/29/16         838,000         836,222         881,143   
           

 

 

 
            $ 4,584,188   
           

 

 

 

 

MSF-199


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 17,938,546       $ —         $ —         $ 17,938,546   

Air Freight & Logistics

     3,750,611         —           —           3,750,611   

Airlines

     3,893,043         —           —           3,893,043   

Auto Components

     10,185,097         —           —           10,185,097   

Automobiles

     2,153,728         2,758,478         —           4,912,206   

Banks

     45,852,677         2,687,574         —           48,540,251   

Beverages

     2,864,573         3,163,844         —           6,028,417   

Biotechnology

     1,641,305         —           —           1,641,305   

Building Products

     3,725,341         —           —           3,725,341   

Capital Markets

     25,102,496         1,311,957         —           26,414,453   

Chemicals

     15,340,850         —           —           15,340,850   

Commercial Services & Supplies

     725,657         —           —           725,657   

Communications Equipment

     6,830,603         —           —           6,830,603   

Consumer Finance

     4,754,945         —           —           4,754,945   

Containers & Packaging

     914,239         —           —           914,239   

Distributors

     1,207,342         —           —           1,207,342   

Diversified Telecommunication Services

     11,966,122         800,955         —           12,767,077   

Electric Utilities

     11,341,004         815,427         —           12,156,431   

Electrical Equipment

     2,860,882         —           —           2,860,882   

Energy Equipment & Services

     2,993,210         —           —           2,993,210   

Equity Real Estate Investment Trusts

     4,594,247         —           —           4,594,247   

Food & Staples Retailing

     8,672,582         606,713         —           9,279,295   

Food Products

     13,102,760         7,574,846         —           20,677,606   

Health Care Equipment & Supplies

     22,745,400         —           —           22,745,400   

Health Care Providers & Services

     5,526,150         —           —           5,526,150   

Hotels, Restaurants & Leisure

     2,719,121         —           —           2,719,121   

Household Durables

     348,609         —           —           348,609   

Household Products

     3,464,053         1,027,473         —           4,491,526   

Industrial Conglomerates

     13,382,856         —           —           13,382,856   

Insurance

     29,259,643         2,848,008         —           32,107,651   

Internet & Direct Marketing Retail

     4,667,166         —           —           4,667,166   

Internet Software & Services

     6,075,365         —           —           6,075,365   

IT Services

     22,775,516         —           —           22,775,516   

Life Sciences Tools & Services

     5,884,902         —           —           5,884,902   

Machinery

     14,446,731         —           —           14,446,731   

Media

     23,540,389         —           —           23,540,389   

Metals & Mining

     —           2,239,141         —           2,239,141   

 

MSF-200


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Mortgage Real Estate Investment Trusts

   $ 1,823,442       $ —        $ —         $ 1,823,442   

Multi-Utilities

     982,480         1,117,566        —           2,100,046   

Multiline Retail

     7,219,803         —          —           7,219,803   

Oil, Gas & Consumable Fuels

     28,527,553         2,752,537        —           31,280,090   

Personal Products

     1,512,294         —          —           1,512,294   

Pharmaceuticals

     34,226,134         3,689,748        —           37,915,882   

Professional Services

     423,254         —          —           423,254   

Road & Rail

     3,690,446         —          —           3,690,446   

Semiconductors & Semiconductor Equipment

     11,207,311         —          —           11,207,311   

Software

     7,000,735         —          —           7,000,735   

Specialty Retail

     4,112,419         —          —           4,112,419   

Technology Hardware, Storage & Peripherals

     2,318,980         —          —           2,318,980   

Textiles, Apparel & Luxury Goods

     419,756         —          —           419,756   

Tobacco

     20,276,943         661,852        —           20,938,795   

Trading Companies & Distributors

     437,744         —          —           437,744   

Wireless Telecommunication Services

     —           346,525        —           346,525   

Total Common Stocks

     481,427,055         34,402,644        —           515,829,699   

Total U.S. Treasury & Government Agencies*

     —           203,522,524        —           203,522,524   

Total Corporate Bonds & Notes*

     —           106,538,520        —           106,538,520   

Total Mortgage-Backed Securities*

     —           15,772,196        —           15,772,196   

Total Asset-Backed Securities*

     —           8,841,051        —           8,841,051   

Total Convertible Preferred Stocks*

     4,729,947         —          —           4,729,947   

Total Municipals

     —           1,644,111        —           1,644,111   

Total Foreign Government*

     —           941,951        —           941,951   

Total Short-Term Investment*

     —           15,675,704        —           15,675,704   
Securities Lending Reinvestments           

Certificates of Deposit

     —           235,003        —           235,003   

Repurchase Agreements

     —           8,156,728        —           8,156,728   

Time Deposits

     —           228,066        —           228,066   

Total Securities Lending Reinvestments

     —           8,619,797        —           8,619,797   

Total Investments

   $ 486,157,002       $ 395,958,498      $ —         $ 882,115,500   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (8,619,794   $ —         $ (8,619,794

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-201


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—98.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—3.9%

  

Lockheed Martin Corp.

    164,245      $ 39,372,811   

Northrop Grumman Corp.

    137,498        29,417,697   

Rockwell Collins, Inc.

    110,512        9,320,582   

United Technologies Corp.

    415,178        42,182,085   
   

 

 

 
      120,293,175   
   

 

 

 

Air Freight & Logistics—1.4%

  

United Parcel Service, Inc. - Class B

    391,580        42,823,189   
   

 

 

 

Auto Components—3.0%

  

Delphi Automotive plc

    366,363        26,129,009   

Johnson Controls International plc

    1,408,976        65,559,653   
   

 

 

 
      91,688,662   
   

 

 

 

Automobiles—0.5%

  

Harley-Davidson, Inc. (a)

    275,095        14,467,246   
   

 

 

 

Banks—11.7%

  

BB&T Corp.

    161,933        6,108,113   

Citigroup, Inc.

    884,962        41,796,755   

JPMorgan Chase & Co.

    2,019,860        134,502,478   

PNC Financial Services Group, Inc. (The)

    360,879        32,511,589   

U.S. Bancorp

    1,317,346        56,500,970   

Wells Fargo & Co.

    1,958,743        86,733,140   
   

 

 

 
      358,153,045   
   

 

 

 

Beverages—1.1%

  

Diageo plc

    1,200,180        34,412,846   
   

 

 

 

Capital Markets—7.0%

  

Bank of New York Mellon Corp. (The)

    788,859        31,459,697   

BlackRock, Inc.

    79,213        28,711,544   

Franklin Resources, Inc.

    705,265        25,086,276   

Goldman Sachs Group, Inc. (The)

    326,496        52,654,010   

Moody’s Corp.

    140,428        15,205,544   

Nasdaq, Inc.

    448,450        30,288,313   

S&P Global, Inc.

    55,903        7,075,084   

State Street Corp.

    353,124        24,588,024   
   

 

 

 
      215,068,492   
   

 

 

 

Chemicals—3.1%

  

E.I. du Pont de Nemours & Co.

    362,387        24,269,057   

Monsanto Co.

    113,974        11,648,143   

PPG Industries, Inc.

    569,059        58,817,938   
   

 

 

 
      94,735,138   
   

 

 

 

Consumer Finance—0.8%

  

American Express Co.

    396,265        25,376,811   
   

 

 

 

Containers & Packaging—0.5%

  

Crown Holdings, Inc. (b)

    281,158        16,051,310   
   

 

 

 

Diversified Telecommunication Services—1.5%

  

Verizon Communications, Inc.

    914,501        47,535,762   
   

 

 

 

Electric Utilities—1.0%

  

Duke Energy Corp.

    318,328      25,478,973   

Xcel Energy, Inc.

    161,554        6,646,332   
   

 

 

 
      32,125,305   
   

 

 

 

Electrical Equipment—1.0%

  

Eaton Corp. plc

    459,739        30,209,450   
   

 

 

 

Energy Equipment & Services—1.3%

  

National Oilwell Varco, Inc.

    207,568        7,626,049   

Schlumberger, Ltd.

    427,966        33,655,246   
   

 

 

 
      41,281,295   
   

 

 

 

Food & Staples Retailing—1.6%

  

CVS Health Corp.

    541,193        48,160,765   
   

 

 

 

Food Products—4.8%

  

Archer-Daniels-Midland Co.

    574,242        24,215,785   

Danone S.A.

    249,743        18,524,030   

General Mills, Inc.

    604,838        38,637,051   

J.M. Smucker Co. (The)

    130,414        17,676,314   

Mead Johnson Nutrition Co.

    8,749        691,259   

Nestle S.A.

    615,444        48,493,065   
   

 

 

 
      148,237,504   
   

 

 

 

Health Care Equipment & Supplies—5.3%

  

Abbott Laboratories

    868,946        36,747,726   

Danaher Corp.

    437,161        34,269,051   

Medtronic plc

    802,821        69,363,735   

St. Jude Medical, Inc.

    301,120        24,017,331   
   

 

 

 
      164,397,843   
   

 

 

 

Health Care Providers & Services—1.7%

  

Cigna Corp.

    119,039        15,513,162   

Express Scripts Holding Co. (b)

    266,347        18,785,454   

McKesson Corp.

    102,793        17,140,733   
   

 

 

 
      51,439,349   
   

 

 

 

Household Durables—0.2%

  

Newell Brands, Inc.

    116,622        6,141,315   
   

 

 

 

Household Products—0.5%

  

Procter & Gamble Co. (The)

    168,336        15,108,156   
   

 

 

 

Industrial Conglomerates—4.0%

  

3M Co.

    362,793        63,935,011   

Honeywell International, Inc.

    502,619        58,600,349   
   

 

 

 
      122,535,360   
   

 

 

 

Insurance—7.6%

  

Aon plc

    432,115        48,608,616   

Chubb, Ltd.

    544,202        68,378,981   

Prudential Financial, Inc.

    502,331        41,015,326   

Travelers Cos., Inc. (The)

    655,530        75,090,962   
   

 

 

 
      233,093,885   
   

 

 

 

 

MSF-202


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

Shares

    Value  

IT Services—5.4%

  

Accenture plc - Class A

    700,388      $ 85,566,402   

Amdocs, Ltd.

    107,827        6,237,792   

Cognizant Technology Solutions Corp. - Class A (b)

    211,616        10,096,199   

Fidelity National Information Services, Inc.

    374,977        28,884,478   

Fiserv, Inc. (b)

    134,490        13,377,720   

International Business Machines Corp.

    136,830        21,735,446   
   

 

 

 
      165,898,037   
   

 

 

 

Life Sciences Tools & Services—1.3%

  

Thermo Fisher Scientific, Inc.

    245,518        39,052,093   
   

 

 

 

Machinery—3.0%

  

Caterpillar, Inc.

    85,347        7,576,253   

Deere & Co. (a)

    94,850        8,095,448   

Illinois Tool Works, Inc.

    236,437        28,334,610   

Ingersoll-Rand plc

    228,337        15,513,216   

Pentair plc

    224,827        14,442,886   

Stanley Black & Decker, Inc.

    138,490        17,031,500   
   

 

 

 
      90,993,913   
   

 

 

 

Media—4.1%

  

Comcast Corp. - Class A

    584,649        38,785,615   

Interpublic Group of Cos., Inc. (The)

    270,206        6,039,104   

Omnicom Group, Inc.

    546,020        46,411,700   

Time Warner, Inc.

    333,581        26,556,383   

Time, Inc.

    31,229        452,196   

Walt Disney Co. (The)

    75,634        7,023,373   
   

 

 

 
      125,268,371   
   

 

 

 

Multiline Retail—0.7%

  

Target Corp.

    319,601        21,950,197   
   

 

 

 

Oil, Gas & Consumable Fuels—4.0%

  

Chevron Corp.

    299,019        30,775,035   

EOG Resources, Inc.

    326,883        31,612,855   

Exxon Mobil Corp.

    385,978        33,688,160   

Occidental Petroleum Corp.

    387,073        28,225,363   
   

 

 

 
      124,301,413   
   

 

 

 

Personal Products—0.4%

  

Coty, Inc. (b)

    208,528        4,837,850   

Coty, Inc. - Class A (b)

    286,130        6,724,055   
   

 

 

 
      11,561,905   
   

 

 

 

Pharmaceuticals—8.0%

  

Johnson & Johnson

    939,142        110,940,845   

Merck & Co., Inc.

    759,442        47,396,775   

Novartis AG

    98,197        7,722,337   

Pfizer, Inc.

    2,145,903        72,681,735   

Roche Holding AG

    28,169        6,978,478   
   

 

 

 
      245,720,170   
   

 

 

 

Professional Services—0.2%

  

Equifax, Inc.

    55,166      7,424,240   
   

 

 

 

Road & Rail—1.3%

  

Canadian National Railway Co.

    252,403        16,507,156   

Union Pacific Corp.

    229,564        22,389,377   
   

 

 

 
      38,896,533   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.8%

  

Analog Devices, Inc.

    108,240        6,976,068   

Texas Instruments, Inc.

    669,446        46,981,720   
   

 

 

 
      53,957,788   
   

 

 

 

Software—0.6%

  

Oracle Corp.

    498,573        19,583,947   
   

 

 

 

Specialty Retail—0.3%

  

Advance Auto Parts, Inc.

    58,089        8,662,232   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.2%

  

Hanesbrands, Inc.

    291,407        7,358,027   
   

 

 

 

Tobacco—3.9%

  

Altria Group, Inc.

    324,071        20,491,009   

Philip Morris International, Inc.

    1,021,654        99,325,202   
   

 

 

 
      119,816,211   
   

 

 

 

Wireless Telecommunication Services—0.2%

  

Vodafone Group plc

    2,109,464        6,048,625   
   

 

 

 

Total Common Stocks
(Cost $2,308,292,299)

      3,039,829,605   
   

 

 

 
Short-Term Investment—0.6%   

Commercial Paper—0.6%

  

GE Capital Treasury Services U.S. LLC
0.230%, 10/03/16 (c)

    18,009,000        18,008,660   
   

 

 

 

Total Short-Term Investments (Cost $18,008,660)

      18,008,660   
   

 

 

 
Securities Lending Reinvestments (d)—0.7%   

Certificates of Deposit—0.1%

  

Abbey National Treasury Services
0.440%, 10/03/16

    500,000        500,000   

Bank of Nova Scotia
0.750%, 10/19/16

    200,000        200,022   

KBC Bank NV
Zero Coupon, 12/27/16

    400,000        399,444   

National Bank of Canada
0.420%, 10/06/16

    250,000        250,000   

Norinchukin Bank
0.480%, 10/24/16

    400,000        399,999   

 

MSF-203


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (d)—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Certificates of Deposit—(Continued)

  

Standard Chartered Bank New York
0.910%, 12/16/16

    15,000      $ 15,001   
   

 

 

 
      1,764,466   
   

 

 

 

Commercial Paper—0.0%

  

Albion Capital Corp.
0.720%, 10/25/16

    100,000        99,968   

Charta, LLC
0.880%, 12/22/16

    250,000        249,523   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    400,000        399,785   
   

 

 

 
    749,276   
   

 

 

 

Money Market Fund—0.0%

   

Dreyfus Treasury Cash Management Fund

    1,000,000        1,000,000   
   

 

 

 

Repurchase Agreements—0.5%

   

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $700,054 on 10/03/16, collateralized by $661,510 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $714,000.

    700,000        700,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $700,049 on 10/03/16, collateralized by $687,206 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $714,001.

    700,000        700,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $3,000,125 on 10/03/16, collateralized by $2,916,577 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $3,060,000.

    3,000,000        3,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $3,000,113 on 10/03/16, collateralized by $2,366,400 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $3,060,042.

    3,000,000        3,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $600,047 on 10/03/16, collateralized by $572,807 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $612,256.

    600,000        600,000   

Repurchase Agreements—(Continued)

  

Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $251,397 on 10/03/16, collateralized by $207,692 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $256,415.

    251,387      251,387   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $3,500,204 on 10/03/16, collateralized by $5,598,463 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $3,570,208.

    3,500,000        3,500,000   

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $3,500,152 on 10/03/16, collateralized by $4,941,564 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $3,570,000.

    3,500,000        3,500,000   
 

 

 

 
    15,251,387   
 

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    300,000        300,000   

Canadian Imperial Bank
0.260%, 10/03/16

    1,000,000        1,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    46,423        46,423   

Royal Bank of Canada
0.280%, 10/03/16

    47,858        47,858   
   

 

 

 
      1,394,281   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $20,159,016)

      20,159,410   
   

 

 

 

Total Investments—100.2%
(Cost $2,346,459,975) (e)

      3,077,997,675   

Other assets and liabilities
(net)—(0.2)%

      (4,847,594
   

 

 

 
Net Assets—100.0%     $ 3,073,150,081   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $19,839,908 and the collateral received consisted of cash in the amount of $20,159,065. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b) Non-income producing security.
(c) The rate shown represents current yield to maturity.

 

MSF-204


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

(d) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(e) As of September 30, 2016, the aggregate cost of investments was $2,346,459,975. The aggregate unrealized appreciation and depreciation of investments were $771,856,507 and $(40,318,807), respectively, resulting in net unrealized appreciation of $731,537,700.

 

 

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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 120,293,175       $ —         $ —         $ 120,293,175   

Air Freight & Logistics

     42,823,189         —           —           42,823,189   

Auto Components

     91,688,662         —           —           91,688,662   

Automobiles

     14,467,246         —           —           14,467,246   

Banks

     358,153,045         —           —           358,153,045   

Beverages

     —           34,412,846         —           34,412,846   

Capital Markets

     215,068,492         —           —           215,068,492   

Chemicals

     94,735,138         —           —           94,735,138   

Consumer Finance

     25,376,811         —           —           25,376,811   

Containers & Packaging

     16,051,310         —           —           16,051,310   

Diversified Telecommunication Services

     47,535,762         —           —           47,535,762   

Electric Utilities

     32,125,305         —           —           32,125,305   

Electrical Equipment

     30,209,450         —           —           30,209,450   

Energy Equipment & Services

     41,281,295         —           —           41,281,295   

Food & Staples Retailing

     48,160,765         —           —           48,160,765   

Food Products

     81,220,409         67,017,095         —           148,237,504   

Health Care Equipment & Supplies

     164,397,843         —           —           164,397,843   

Health Care Providers & Services

     51,439,349         —           —           51,439,349   

Household Durables

     6,141,315         —           —           6,141,315   

Household Products

     15,108,156         —           —           15,108,156   

Industrial Conglomerates

     122,535,360         —           —           122,535,360   

Insurance

     233,093,885         —           —           233,093,885   

IT Services

     165,898,037         —           —           165,898,037   

Life Sciences Tools & Services

     39,052,093         —           —           39,052,093   

Machinery

     90,993,913         —           —           90,993,913   

Media

     125,268,371         —           —           125,268,371   

Multiline Retail

     21,950,197         —           —           21,950,197   

Oil, Gas & Consumable Fuels

     124,301,413         —           —           124,301,413   

 

MSF-205


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Personal Products

   $ 11,561,905       $ —        $ —         $ 11,561,905   

Pharmaceuticals

     231,019,355         14,700,815        —           245,720,170   

Professional Services

     7,424,240         —          —           7,424,240   

Road & Rail

     38,896,533         —          —           38,896,533   

Semiconductors & Semiconductor Equipment

     53,957,788         —          —           53,957,788   

Software

     19,583,947         —          —           19,583,947   

Specialty Retail

     8,662,232         —          —           8,662,232   

Textiles, Apparel & Luxury Goods

     7,358,027         —          —           7,358,027   

Tobacco

     119,816,211         —          —           119,816,211   

Wireless Telecommunication Services

     —           6,048,625        —           6,048,625   

Total Common Stocks

     2,917,650,224         122,179,381        —           3,039,829,605   

Total Short-Term Investment*

     —           18,008,660        —           18,008,660   
Securities Lending Reinvestments           

Certificates of Deposit

     —           1,764,466        —           1,764,466   

Commercial Paper

     —           749,276        —           749,276   

Money Market Fund

     1,000,000         —          —           1,000,000   

Repurchase Agreements

     —           15,251,387        —           15,251,387   

Time Deposits

     —           1,394,281        —           1,394,281   

Total Securities Lending Reinvestments

     1,000,000         19,159,410        —           20,159,410   

Total Investments

   $ 2,918,650,224       $ 159,347,451      $ —         $ 3,077,997,675   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (20,159,065   $ —         $ (20,159,065

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-206


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—95.1% of Net Assets

 

Security Description   Shares     Value  

Australia—7.2%

  

AGL Energy, Ltd.

    54,235      $ 792,102   

Alumina, Ltd.

    191,453        214,414   

Amcor, Ltd.

    95,202        1,106,846   

AMP, Ltd.

    234,994        953,196   

APA Group

    98,264        642,268   

Aristocrat Leisure, Ltd.

    41,217        499,934   

ASX, Ltd.

    16,055        593,357   

Aurizon Holdings, Ltd.

    157,842        568,430   

AusNet Services

    138,423        174,123   

Australia & New Zealand Banking Group, Ltd.

    237,205        5,036,049   

Bank of Queensland, Ltd.

    24,917        217,132   

Bendigo & Adelaide Bank, Ltd.

    35,779        295,500   

BHP Billiton plc

    172,349        2,596,080   

BHP Billiton, Ltd.

    257,180        4,448,649   

Boral, Ltd.

    61,162        316,985   

Brambles, Ltd.

    129,540        1,190,987   

Caltex Australia, Ltd.

    24,958        658,743   

Challenger, Ltd.

    44,035        343,596   

CIMIC Group, Ltd.

    8,428        186,335   

Coca-Cola Amatil, Ltd.

    42,510        334,049   

Cochlear, Ltd.

    5,478        593,758   

Commonwealth Bank of Australia

    137,934        7,670,288   

Computershare, Ltd.

    41,806        330,902   

Crown Resorts, Ltd.

    29,464        296,391   

CSL, Ltd.

    37,261        3,059,668   

Dexus Property Group (REIT)

    77,269        543,265   

Domino’s Pizza Enterprises, Ltd.

    4,938        266,583   

DUET Group

    178,971        344,542   

Fortescue Metals Group, Ltd. (a)

    125,869        479,492   

Goodman Group (REIT)

    139,425        778,718   

GPT Group (The) (REIT)

    140,241        544,193   

Harvey Norman Holdings, Ltd.

    44,837        178,934   

Healthscope, Ltd.

    134,432        318,449   

Incitec Pivot, Ltd.

    152,808        331,344   

Insurance Australia Group, Ltd.

    184,566        774,841   

Lend Lease Group (REIT)

    51,045        550,370   

Macquarie Group, Ltd.

    24,276        1,529,032   

Medibank Private, Ltd.

    199,900        380,206   

Mirvac Group (REIT)

    298,553        512,861   

National Australia Bank, Ltd.

    212,826        4,558,107   

Newcrest Mining, Ltd.

    60,310        1,001,799   

Oil Search, Ltd.

    104,563        572,077   

Orica, Ltd.

    26,176        305,340   

Origin Energy, Ltd.

    140,897        587,711   

QBE Insurance Group, Ltd.

    110,125        785,575   

Ramsay Health Care, Ltd.

    10,616        644,784   

REA Group, Ltd.

    4,158        180,247   

Rio Tinto, Ltd.

    34,042        1,350,087   

Santos, Ltd.

    164,725        463,179   

Scentre Group (REIT)

    417,733        1,505,885   

Seek, Ltd.

    22,233        265,526   

Sonic Healthcare, Ltd.

    32,696        552,217   

South32, Ltd.

    485,681        899,803   

Stockland (REIT)

    205,214        748,924   

Suncorp Group, Ltd.

    108,776        1,010,974   

Sydney Airport

    80,467        432,314   

Tabcorp Holdings, Ltd.

    54,472        208,448   

Australia—(Continued)

  

Tatts Group, Ltd.

    123,533      345,682   

Telstra Corp., Ltd.

    335,688        1,333,061   

TPG Telecom, Ltd.

    21,838        144,894   

Transurban Group

    159,204        1,388,147   

Treasury Wine Estates, Ltd.

    68,905        582,985   

Vicinity Centres (REIT)

    252,185        613,434   

Vocus Communications, Ltd.

    38,375        184,286   

Wesfarmers, Ltd.

    90,211        3,051,611   

Westfield Corp. (REIT)

    163,017        1,215,370   

Westpac Banking Corp.

    266,028        6,046,967   

Woodside Petroleum, Ltd.

    60,391        1,327,527   

Woolworths, Ltd.

    104,896        1,873,677   
   

 

 

 
      74,833,250   
   

 

 

 

Austria—0.2%

  

Andritz AG

    6,601        359,449   

Erste Group Bank AG (b)

    25,311        749,939   

OMV AG

    12,416        357,511   

Voestalpine AG

    9,525        329,437   
   

 

 

 
      1,796,336   
   

 

 

 

Belgium—1.3%

  

Ageas

    15,573        568,168   

Anheuser-Busch InBev S.A.

    64,323        8,447,306   

Colruyt S.A. (a)

    5,430        301,206   

Groupe Bruxelles Lambert S.A.

    5,864        520,080   

KBC Groep NV (b)

    21,770        1,267,783   

Proximus

    14,232        424,778   

Solvay S.A.

    5,735        663,055   

Telenet Group Holding NV (b)

    4,184        218,313   

UCB S.A.

    9,619        744,041   

Umicore S.A.

    8,519        534,497   
   

 

 

 
      13,689,227   
   

 

 

 

Denmark—1.7%

  

AP Moeller - Maersk A/S - Class A

    274        386,259   

AP Moeller - Maersk A/S - Class B

    566        832,774   

Carlsberg A/S - Class B

    9,405        898,795   

Chr Hansen Holding A/S

    7,473        444,350   

Coloplast A/S - Class B

    9,594        744,203   

Danske Bank A/S

    58,351        1,709,299   

DSV A/S

    16,462        822,310   

Genmab A/S (b)

    4,236        726,119   

ISS A/S

    13,228        550,506   

Novo Nordisk A/S - Class B

    153,669        6,404,576   

Novozymes A/S - B Shares

    17,609        774,645   

Pandora A/S

    9,197        1,115,508   

TDC A/S (b)

    59,338        349,968   

Tryg A/S

    8,735        175,835   

Vestas Wind Systems A/S

    17,209        1,422,214   

William Demant Holding A/S (b)

    9,405        192,040   
   

 

 

 
      17,549,401   
   

 

 

 

Finland—1.0%

  

Elisa Oyj

    13,058        481,746   

 

MSF-207


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

  

Fortum Oyj

    39,670      $ 641,045   

Kone Oyj - Class B

    26,344        1,337,206   

Metso Oyj

    7,511        219,192   

Neste Oyj

    9,073        386,828   

Nokia Oyj

    468,997        2,719,444   

Nokian Renkaat Oyj

    10,639        387,954   

Orion Oyj - Class B

    9,644        380,290   

Sampo Oyj - A Shares

    35,348        1,572,973   

Stora Enso Oyj - R Shares

    40,497        359,732   

UPM-Kymmene Oyj

    42,203        891,573   

Wartsila Oyj Abp

    12,999        585,314   
   

 

 

 
      9,963,297   
   

 

 

 

France—8.9%

  

Accor S.A.

    13,973        554,468   

Aeroports de Paris

    2,209        219,153   

Air Liquide S.A.

    31,703        3,398,334   

Alstom S.A. (b)

    13,067        345,751   

Arkema S.A.

    5,073        469,441   

Atos SE

    7,084        763,619   

AXA S.A.

    155,873        3,317,721   

BNP Paribas S.A.

    84,745        4,358,972   

Bollore S.A.

    61,600        214,255   

Bouygues S.A.

    14,921        494,579   

Bureau Veritas S.A.

    19,643        421,518   

Cap Gemini S.A.

    13,915        1,363,293   

Carrefour S.A.

    46,421        1,202,458   

Casino Guichard Perrachon S.A.

    4,364        212,043   

Christian Dior SE

    4,654        834,270   

Cie de St-Gobain

    40,023        1,728,618   

Cie Generale des Etablissements Michelin

    14,364        1,589,003   

CNP Assurances

    10,520        176,804   

Credit Agricole S.A.

    81,041        799,918   

Danone S.A.

    47,151        3,498,704   

Dassault Systemes S.A.

    10,162        881,971   

Edenred

    20,034        468,633   

Eiffage S.A.

    4,533        352,314   

Electricite de France S.A.

    17,389        211,637   

Engie S.A. (a)

    120,464        1,866,855   

Essilor International S.A.

    16,817        2,169,655   

Eurazeo S.A.

    2,479        143,864   

Eutelsat Communications S.A.

    14,990        310,467   

Fonciere Des Regions (REIT)

    3,163        294,888   

Gecina S.A. (REIT)

    3,255        512,006   

Groupe Eurotunnel SE

    32,808        354,825   

Hermes International

    2,256        918,234   

ICADE (REIT)

    3,450        269,188   

Iliad S.A.

    2,335        490,177   

Imerys S.A.

    2,253        162,777   

Ingenico Group S.A.

    4,093        357,720   

JCDecaux S.A.

    4,706        151,985   

Kering

    5,893        1,187,974   

Klepierre (REIT)

    16,658        763,787   

L’Oreal S.A.

    20,265        3,827,466   

Lagardere SCA

    8,303        211,485   

Legrand S.A.

    20,811        1,227,522   

France—(Continued)

  

LVMH Moet Hennessy Louis Vuitton SE

    22,305      3,804,031   

Natixis S.A.

    80,165        373,781   

Orange S.A.

    164,771        2,579,413   

Pernod-Ricard S.A.

    17,290        2,046,518   

Peugeot S.A. (b)

    40,345        616,150   

Publicis Groupe S.A.

    15,420        1,166,588   

Remy Cointreau S.A.

    1,860        158,798   

Renault S.A.

    15,031        1,235,469   

Rexel S.A.

    28,808        441,102   

Safran S.A.

    24,884        1,789,957   

Sanofi

    94,000        7,164,943   

Schneider Electric SE

    45,859        3,198,937   

SCOR SE

    11,686        363,383   

SES S.A.

    29,140        715,042   

SFR Group S.A.

    9,888        290,652   

Societe BIC S.A.

    2,149        317,941   

Societe Generale S.A.

    60,631        2,093,251   

Sodexo S.A.

    7,921        943,147   

Suez

    22,682        374,236   

Technip S.A.

    9,722        597,302   

Thales S.A.

    7,807        719,396   

Total S.A.

    179,310        8,502,189   

Unibail-Rodamco SE (REIT)

    7,985        2,153,650   

Valeo S.A.

    20,400        1,190,120   

Veolia Environnement S.A.

    38,440        884,547   

Vinci S.A.

    40,596        3,105,444   

Vivendi S.A.

    94,245        1,899,889   

Wendel S.A.

    2,267        264,829   

Zodiac Aerospace

    14,929        363,646   
   

 

 

 
      92,452,703   
   

 

 

 

Germany—8.0%

  

adidas AG

    14,905        2,587,912   

Allianz SE

    36,569        5,430,214   

Axel Springer SE

    3,006        153,991   

BASF SE

    73,821        6,315,529   

Bayer AG

    66,149        6,646,926   

Bayerische Motoren Werke AG

    26,677        2,242,786   

Beiersdorf AG

    8,429        795,356   

Brenntag AG

    12,657        690,958   

Commerzbank AG

    87,047        561,427   

Continental AG

    8,799        1,850,691   

Covestro AG

    5,610        331,852   

Daimler AG

    77,142        5,436,385   

Deutsche Bank AG (b)

    109,061        1,419,486   

Deutsche Boerse AG (b)

    16,298        1,320,210   

Deutsche Lufthansa AG

    17,782        197,947   

Deutsche Post AG

    76,616        2,395,348   

Deutsche Telekom AG

    257,944        4,325,742   

Deutsche Wohnen AG

    28,299        1,029,103   

E.ON SE

    159,825        1,131,977   

Evonik Industries AG

    13,109        443,244   

Fraport AG Frankfurt Airport Services Worldwide

    4,331        236,739   

Fresenius Medical Care AG & Co. KGaA

    17,215        1,503,276   

Fresenius SE & Co. KGaA

    32,401        2,585,512   

 

MSF-208


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

  

GEA Group AG

    14,300      $ 793,519   

Hannover Rueck SE

    5,368        575,251   

HeidelbergCement AG

    10,797        1,020,269   

Henkel AG & Co. KGaA

    7,933        923,637   

HOCHTIEF AG

    1,646        232,178   

Hugo Boss AG

    4,934        272,969   

Infineon Technologies AG

    90,469        1,614,905   

K&S AG (a)

    14,121        268,404   

LANXESS AG

    7,402        459,878   

Linde AG

    15,006        2,551,219   

MAN SE

    3,022        318,686   

Merck KGaA

    10,657        1,148,887   

Metro AG

    15,747        468,751   

Muenchener Rueckversicherungs-Gesellschaft AG

    13,047        2,434,238   

OSRAM Licht AG

    8,388        492,617   

ProSiebenSat.1 Media SE

    16,646        713,164   

RWE AG (b)

    39,146        674,762   

SAP SE

    78,616        7,155,980   

Siemens AG

    61,857        7,244,068   

Symrise AG

    10,907        799,732   

Telefonica Deutschland Holding AG

    58,800        236,460   

ThyssenKrupp AG

    32,245        769,128   

TUI AG

    37,093        528,576   

United Internet AG

    8,781        388,657   

Volkswagen AG

    2,495        362,133   

Vonovia SE

    36,786        1,393,492   

Zalando SE (b)

    6,525        272,360   
   

 

 

 
      83,746,531   
   

 

 

 

Hong Kong—3.3%

  

AIA Group, Ltd.

    969,200        6,494,124   

ASM Pacific Technology, Ltd.

    19,600        161,970   

Bank of East Asia, Ltd. (The)

    103,920        424,189   

BOC Hong Kong Holdings, Ltd.

    290,465        986,377   

Cheung Kong Infrastructure Holdings, Ltd.

    57,000        493,775   

Cheung Kong Property Holdings, Ltd.

    214,440        1,581,615   

CK Hutchison Holdings, Ltd.

    224,440        2,863,751   

CLP Holdings, Ltd.

    131,377        1,364,054   

Galaxy Entertainment Group, Ltd.

    181,000        688,759   

Hang Lung Properties, Ltd.

    222,000        503,955   

Hang Seng Bank, Ltd.

    60,800        1,091,967   

Henderson Land Development Co., Ltd.

    98,093        586,331   

HK Electric Investments & HK Electric
Investments, Ltd.

    206,500        203,572   

HKT Trust & HKT, Ltd.

    189,980        268,602   

Hong Kong & China Gas Co., Ltd.

    646,116        1,222,895   

Hong Kong Exchanges and Clearing, Ltd.

    95,700        2,524,659   

Hongkong Land Holdings, Ltd.

    95,400        680,257   

Hysan Development Co., Ltd.

    45,000        211,400   

Jardine Matheson Holdings, Ltd.

    19,700        1,196,701   

Kerry Properties, Ltd.

    57,500        189,420   

Li & Fung, Ltd.

    429,600        221,393   

Link REIT (REIT)

    181,141        1,336,632   

Melco Crown Entertainment, Ltd. (ADR)

    16,000        257,760   

MTR Corp., Ltd.

    110,500        611,665   

Hong Kong—(Continued)

  

New World Development Co., Ltd.

    476,707      624,263   

NWS Holdings, Ltd.

    177,000        296,517   

PCCW, Ltd.

    481,000        295,673   

Power Assets Holdings, Ltd.

    121,549        1,190,636   

Sands China, Ltd.

    190,000        832,328   

Sino Land Co., Ltd.

    289,600        516,651   

Sun Hung Kai Properties, Ltd.

    115,250        1,756,552   

Swire Pacific, Ltd. - Class A

    44,317        479,694   

Swire Properties, Ltd.

    83,600        246,026   

Techtronic Industries Co., Ltd.

    128,000        502,002   

WH Group, Ltd.

    437,000        353,516   

Wharf Holdings, Ltd. (The)

    104,976        769,228   

Wheelock & Co., Ltd.

    68,000        403,969   

Wynn Macau, Ltd.

    134,800        225,245   

Yue Yuen Industrial Holdings, Ltd.

    50,500        209,400   
   

 

 

 
      34,867,523   
   

 

 

 

Ireland—1.2%

  

Bank of Ireland (b)

    2,405,091        501,285   

CRH plc

    67,317        2,251,748   

DCC plc

    7,008        640,318   

Experian plc

    79,898        1,604,341   

James Hardie Industries plc

    40,250        631,266   

Kerry Group plc - Class A

    13,003        1,083,811   

Paddy Power Betfair plc

    6,200        701,633   

Shire plc

    71,765        4,648,719   
   

 

 

 
      12,063,121   
   

 

 

 

Israel—0.6%

  

Azrieli Group, Ltd.

    3,653        160,070   

Bank Hapoalim B.M.

    86,396        489,125   

Bank Leumi Le-Israel B.M. (b)

    120,713        458,050   

Bezeq The Israeli Telecommunication
Corp., Ltd.

    178,026        335,055   

Check Point Software Technologies, Ltd. (b)

    10,500        814,905   

Israel Chemicals, Ltd.

    45,583        177,111   

Nice, Ltd.

    5,213        348,066   

Taro Pharmaceutical Industries, Ltd. (a) (b)

    1,300        143,663   

Teva Pharmaceutical Industries, Ltd.

    73,053        3,387,709   
   

 

 

 
      6,313,754   
   

 

 

 

Italy—1.6%

  

Assicurazioni Generali S.p.A.

    93,308        1,139,138   

Atlantia S.p.A.

    31,412        797,876   

Enel S.p.A.

    626,740        2,796,387   

Eni S.p.A.

    203,492        2,933,641   

Exor S.p.A.

    10,723        434,773   

Intesa Sanpaolo S.p.A.

    993,553        2,206,592   

Intesa Sanpaolo S.p.A. - Risparmio Shares

    65,400        137,049   

Leonardo-Finmeccanica S.p.A. (b)

    28,782        326,619   

Luxottica Group S.p.A.

    13,581        649,174   

Mediobanca S.p.A.

    44,816        291,976   

Poste Italiane S.p.A.

    41,357        283,820   

Prysmian S.p.A.

    19,125        501,344   

Rizzoli Corriere Della Sera Mediagroup S.p.A. (b)

    4,794        5,047   

 

MSF-209


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

  

Saipem S.p.A. (b)

    422,993      $ 179,125   

Snam S.p.A.

    193,977        1,075,109   

Telecom Italia S.p.A. (b)

    866,636        717,390   

Telecom Italia S.p.A. - Risparmio Shares (b)

    501,246        340,340   

Terna Rete Elettrica Nazionale S.p.A.

    118,746        612,518   

UniCredit S.p.A.

    422,053        984,054   

Unione di Banche Italiane S.p.A.

    67,193        154,977   

UnipolSai S.p.A.

    64,500        104,992   
   

 

 

 
      16,671,941   
   

 

 

 

Japan—22.9%

  

ABC-Mart, Inc.

    2,200        149,726   

Acom Co., Ltd. (b)

    31,200        147,166   

Aeon Co., Ltd.

    51,500        760,850   

AEON Financial Service Co., Ltd.

    8,400        146,557   

Air Water, Inc.

    10,000        188,974   

Aisin Seiki Co., Ltd.

    16,500        756,587   

Ajinomoto Co., Inc.

    44,000        981,480   

Alfresa Holdings Corp.

    15,300        324,084   

Alps Electric Co., Ltd.

    13,100        315,423   

Amada Holdings Co., Ltd.

    27,000        280,850   

ANA Holdings, Inc.

    84,000        228,650   

Aozora Bank, Ltd.

    96,000        331,132   

Asahi Glass Co., Ltd.

    72,000        466,810   

Asahi Group Holdings, Ltd.

    30,700        1,118,898   

Asahi Kasei Corp.

    97,000        773,968   

Asics Corp.

    11,000        221,475   

Astellas Pharma, Inc.

    174,100        2,722,664   

Bandai Namco Holdings, Inc.

    16,000        490,008   

Bank of Kyoto, Ltd. (The)

    22,000        161,538   

Bridgestone Corp.

    51,600        1,905,768   

Brother Industries, Ltd.

    16,400        289,265   

Calbee, Inc.

    5,500        208,274   

Canon, Inc.

    88,600        2,571,520   

Casio Computer Co., Ltd.

    16,900        237,370   

Central Japan Railway Co.

    11,700        2,004,479   

Chiba Bank, Ltd. (The)

    49,000        278,845   

Chubu Electric Power Co., Inc.

    57,000        831,049   

Chugai Pharmaceutical Co., Ltd.

    16,800        607,464   

Chugoku Bank, Ltd. (The)

    12,000        146,638   

Chugoku Electric Power Co., Inc. (The)

    23,700        298,299   

Concordia Financial Group, Ltd.

    83,000        363,315   

Credit Saison Co., Ltd.

    10,500        174,403   

Dai Nippon Printing Co., Ltd.

    40,000        392,531   

Dai-ichi Life Insurance Co., Ltd. (The)

    91,700        1,260,349   

Daicel Corp.

    22,000        279,288   

Daiichi Sankyo Co., Ltd.

    49,000        1,175,491   

Daikin Industries, Ltd.

    18,800        1,753,947   

Daito Trust Construction Co., Ltd.

    6,200        992,215   

Daiwa House Industry Co., Ltd.

    47,500        1,302,781   

Daiwa House Residential Investment Corp. (REIT)

    110        323,651   

Daiwa Securities Group, Inc.

    126,000        710,523   

Denso Corp.

    40,100        1,603,091   

Dentsu, Inc.

    16,600        841,314   

Don Quijote Holdings Co., Ltd.

    8,200        300,953   

Japan—(Continued)

  

East Japan Railway Co.

    26,900      2,428,591   

Eisai Co., Ltd.

    19,300        1,207,933   

Electric Power Development Co., Ltd.

    10,900        262,169   

FamilyMart UNY Holdings Co., Ltd.

    6,600        438,455   

FANUC Corp.

    16,100        2,728,642   

Fast Retailing Co., Ltd.

    4,200        1,354,273   

Fuji Electric Co., Ltd.

    43,000        197,283   

Fuji Heavy Industries, Ltd.

    49,600        1,865,270   

FUJIFILM Holdings Corp.

    36,700        1,360,125   

Fujitsu, Ltd.

    169,000        913,605   

Fukuoka Financial Group, Inc.

    53,000        220,453   

Hachijuni Bank, Ltd. (The)

    30,000        156,658   

Hakuhodo DY Holdings, Inc.

    17,600        205,800   

Hamamatsu Photonics KK

    9,600        295,342   

Hankyu Hanshin Holdings, Inc.

    20,400        702,351   

Hikari Tsushin, Inc.

    1,800        167,090   

Hino Motors, Ltd.

    19,000        203,695   

Hirose Electric Co., Ltd.

    2,300        302,726   

Hiroshima Bank, Ltd. (The)

    38,000        157,906   

Hisamitsu Pharmaceutical Co., Inc.

    4,500        243,221   

Hitachi Chemical Co., Ltd.

    8,500        195,091   

Hitachi Construction Machinery Co., Ltd.

    8,900        177,621   

Hitachi High-Technologies Corp.

    5,500        219,532   

Hitachi Metals, Ltd.

    20,000        244,769   

Hitachi, Ltd.

    383,000        1,793,816   

Hokuriku Electric Power Co.

    12,000        146,451   

Honda Motor Co., Ltd.

    130,600        3,765,180   

Hoshizaki Corp.

    4,100        375,004   

Hoya Corp.

    31,900        1,282,849   

Hulic Co., Ltd.

    32,300        330,103   

IHI Corp.

    145,000        421,692   

Iida Group Holdings Co., Ltd.

    12,700        255,644   

Inpex Corp.

    71,100        645,509   

Isetan Mitsukoshi Holdings, Ltd.

    26,900        265,115   

Isuzu Motors, Ltd.

    54,500        641,793   

ITOCHU Corp.

    124,100        1,556,745   

J Front Retailing Co., Ltd.

    23,000        301,781   

Japan Airlines Co., Ltd.

    8,400        247,629   

Japan Airport Terminal Co., Ltd.

    3,800        144,662   

Japan Exchange Group, Inc.

    46,400        727,054   

Japan Post Bank Co., Ltd.

    30,800        366,311   

Japan Post Holdings Co., Ltd.

    34,200        430,323   

Japan Prime Realty Investment Corp. (REIT)

    88        397,722   

Japan Real Estate Investment Corp. (REIT)

    105        628,173   

Japan Retail Fund Investment Corp. (REIT)

    202        499,663   

Japan Tobacco, Inc.

    88,100        3,604,306   

JFE Holdings, Inc.

    41,700        608,853   

JGC Corp.

    14,000        243,641   

Joyo Bank, Ltd. (The)

    54,000        224,607   

JSR Corp.

    19,100        300,578   

JTEKT Corp.

    20,000        301,024   

JX Holdings, Inc.

    160,000        646,776   

Kajima Corp.

    80,000        559,936   

Kakaku.com, Inc.

    11,000        198,895   

Kamigumi Co., Ltd.

    17,000        148,328   

Kaneka Corp.

    22,000        174,481   

Kansai Electric Power Co., Inc. (The) (b)

    55,000        500,276   

 

MSF-210


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Kansai Paint Co., Ltd.

    17,200      $ 377,293   

Kao Corp.

    40,000        2,256,153   

Kawasaki Heavy Industries, Ltd.

    124,000        384,590   

KDDI Corp.

    149,300        4,600,695   

Keihan Holdings Co., Ltd.

    39,000        272,989   

Keikyu Corp.

    36,000        375,783   

Keio Corp.

    45,000        393,536   

Keisei Electric Railway Co., Ltd.

    10,000        249,909   

Keyence Corp.

    3,700        2,696,647   

Kikkoman Corp.

    12,000        383,764   

Kintetsu Group Holdings Co., Ltd.

    157,120        659,536   

Kirin Holdings Co., Ltd.

    66,100        1,095,880   

Kobe Steel, Ltd. (b)

    27,200        246,527   

Koito Manufacturing Co., Ltd.

    10,100        492,385   

Komatsu, Ltd.

    75,400        1,730,109   

Konami Holdings Corp.

    7,300        283,057   

Konica Minolta, Inc.

    37,000        314,318   

Kose Corp.

    2,300        236,045   

Kubota Corp.

    89,000        1,347,225   

Kuraray Co., Ltd.

    24,500        364,157   

Kurita Water Industries, Ltd.

    7,100        169,057   

Kyocera Corp.

    24,900        1,196,222   

Kyowa Hakko Kirin Co., Ltd.

    20,000        315,356   

Kyushu Electric Power Co., Inc.

    39,700        369,771   

Kyushu Financial Group, Inc.

    26,400        180,422   

Lawson, Inc.

    4,900        386,624   

LIXIL Group Corp.

    24,500        526,282   

M3, Inc.

    18,600        634,315   

Mabuchi Motor Co., Ltd.

    3,600        199,733   

Makita Corp.

    9,500        676,535   

Marubeni Corp.

    133,500        685,348   

Marui Group Co., Ltd.

    16,000        211,571   

Maruichi Steel Tube, Ltd.

    4,600        159,126   

Mazda Motor Corp.

    51,000        784,658   

McDonald’s Holdings Co. Japan, Ltd.

    5,400        159,350   

Medipal Holdings Corp.

    10,700        185,340   

MEIJI Holdings Co., Ltd.

    10,200        1,010,459   

Minebea Co., Ltd.

    24,000        227,580   

Miraca Holdings, Inc.

    4,000        199,724   

Mitsubishi Chemical Holdings Corp.

    116,300        732,171   

Mitsubishi Corp.

    119,900        2,729,210   

Mitsubishi Electric Corp.

    160,000        2,051,232   

Mitsubishi Estate Co., Ltd.

    99,000        1,858,547   

Mitsubishi Gas Chemical Co., Inc.

    13,000        186,158   

Mitsubishi Heavy Industries, Ltd.

    260,000        1,088,599   

Mitsubishi Logistics Corp.

    10,000        144,401   

Mitsubishi Materials Corp.

    7,900        216,213   

Mitsubishi Motors Corp.

    44,999        209,952   

Mitsubishi Tanabe Pharma Corp.

    22,000        470,877   

Mitsubishi UFJ Financial Group, Inc.

    1,021,088        5,156,084   

Mitsubishi UFJ Lease & Finance Co., Ltd.

    41,500        190,679   

Mitsui & Co., Ltd.

    137,517        1,904,760   

Mitsui Chemicals, Inc.

    75,000        357,940   

Mitsui Fudosan Co., Ltd.

    75,000        1,599,161   

Mitsui OSK Lines, Ltd.

    75,000        174,777   

Mizuho Financial Group, Inc.

    1,894,700        3,170,029   

MS&AD Insurance Group Holdings, Inc.

    40,200        1,122,998   

Japan—(Continued)

  

Murata Manufacturing Co., Ltd.

    15,900      2,076,768   

Nabtesco Corp.

    12,700        360,037   

Nagoya Railroad Co., Ltd.

    74,000        402,699   

NEC Corp.

    225,000        582,093   

Nexon Co., Ltd.

    19,100        298,861   

NGK Insulators, Ltd.

    23,000        476,916   

NGK Spark Plug Co., Ltd.

    12,000        211,707   

NH Foods, Ltd.

    14,000        338,191   

NHK Spring Co., Ltd.

    17,000        164,855   

Nidec Corp.

    20,000        1,842,566   

Nikon Corp.

    31,200        466,593   

Nintendo Co., Ltd.

    9,000        2,384,748   

Nippon Building Fund, Inc. (REIT)

    118        747,799   

Nippon Electric Glass Co., Ltd.

    31,000        160,734   

Nippon Express Co., Ltd.

    59,000        276,076   

Nippon Paint Holdings Co., Ltd.

    13,000        436,750   

Nippon Prologis REIT, Inc. (REIT)

    109        276,098   

Nippon Steel & Sumitomo Metal Corp.

    68,700        1,412,631   

Nippon Telegraph & Telephone Corp.

    54,900        2,510,771   

Nippon Yusen KK

    142,000        266,252   

Nissan Motor Co., Ltd.

    197,400        1,935,729   

Nisshin Seifun Group, Inc.

    15,700        239,220   

Nissin Foods Holdings Co., Ltd.

    4,700        285,442   

Nitori Holdings Co., Ltd.

    6,900        826,703   

Nitto Denko Corp.

    12,600        818,899   

NOK Corp.

    7,900        173,305   

Nomura Holdings, Inc.

    303,200        1,358,785   

Nomura Real Estate Holdings, Inc.

    13,100        221,339   

Nomura Real Estate Master Fund, Inc. (REIT)

    322        538,714   

Nomura Research Institute, Ltd.

    9,000        310,994   

NSK, Ltd.

    39,000        400,770   

NTT Data Corp.

    10,776        539,335   

NTT DoCoMo, Inc.

    112,700        2,861,382   

Obayashi Corp.

    58,000        575,707   

Obic Co., Ltd.

    5,000        266,375   

Odakyu Electric Railway Co., Ltd.

    27,500        612,663   

OJI Holdings Corp.

    68,000        269,443   

Olympus Corp.

    22,800        796,499   

Omron Corp.

    16,400        590,107   

Ono Pharmaceutical Co., Ltd.

    32,000        889,696   

Oracle Corp. Japan

    3,000        169,586   

Oriental Land Co., Ltd.

    17,300        1,053,950   

ORIX Corp.

    110,600        1,634,207   

Osaka Gas Co., Ltd.

    161,000        676,201   

Otsuka Corp.

    3,700        175,864   

Otsuka Holdings Co., Ltd.

    32,000        1,461,644   

Panasonic Corp.

    183,800        1,841,600   

Park24 Co., Ltd.

    7,400        240,783   

Pola Orbis Holdings, Inc.

    1,900        170,448   

Rakuten, Inc.

    76,600        997,799   

Recruit Holdings Co., Ltd.

    29,300        1,193,596   

Resona Holdings, Inc.

    169,400        713,400   

Ricoh Co., Ltd.

    63,700        576,459   

Rinnai Corp.

    2,800        260,410   

Rohm Co., Ltd.

    6,700        353,662   

Ryohin Keikaku Co., Ltd.

    1,800        363,101   

Santen Pharmaceutical Co., Ltd.

    27,500        406,109   

 

MSF-211


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

SBI Holdings, Inc.

    19,011      $ 227,066   

Secom Co., Ltd.

    17,500        1,307,775   

Sega Sammy Holdings, Inc.

    13,300        189,670   

Seibu Holdings, Inc.

    13,800        227,996   

Seiko Epson Corp.

    20,000        386,020   

Sekisui Chemical Co., Ltd.

    37,900        545,476   

Sekisui House, Ltd.

    46,800        797,776   

Seven & i Holdings Co., Ltd.

    62,400        2,953,090   

Seven Bank, Ltd.

    43,000        137,832   

Sharp Corp. (b)

    120,000        161,269   

Shimadzu Corp.

    25,000        380,884   

Shimamura Co., Ltd.

    2,300        279,274   

Shimano, Inc.

    6,000        890,665   

Shimizu Corp.

    54,000        482,480   

Shin-Etsu Chemical Co., Ltd.

    30,900        2,160,313   

Shinsei Bank, Ltd.

    160,000        242,232   

Shionogi & Co., Ltd.

    25,200        1,289,856   

Shiseido Co., Ltd.

    29,300        775,902   

Shizuoka Bank, Ltd. (The)

    41,000        328,748   

SMC Corp.

    4,500        1,299,911   

SoftBank Group Corp.

    77,300        5,014,562   

Sohgo Security Services Co., Ltd.

    4,800        258,150   

Sompo Japan Nipponkoa Holdings, Inc.

    26,999        800,004   

Sony Corp.

    103,400        3,383,197   

Sony Financial Holdings, Inc.

    12,800        176,482   

Stanley Electric Co., Ltd.

    11,800        317,833   

Start Today Co., Ltd.

    14,400        246,970   

Sumitomo Chemical Co., Ltd.

    126,000        561,044   

Sumitomo Corp.

    93,000        1,039,908   

Sumitomo Dainippon Pharma Co., Ltd.

    12,500        241,991   

Sumitomo Electric Industries, Ltd.

    66,334        939,431   

Sumitomo Heavy Industries, Ltd.

    39,000        192,434   

Sumitomo Metal Mining Co., Ltd.

    40,000        553,762   

Sumitomo Mitsui Financial Group, Inc.

    106,500        3,594,325   

Sumitomo Mitsui Trust Holdings, Inc.

    26,526        862,045   

Sumitomo Realty & Development Co., Ltd.

    28,000        726,419   

Sumitomo Rubber Industries, Ltd.

    12,500        189,301   

Sundrug Co., Ltd.

    3,000        251,178   

Suntory Beverage & Food, Ltd.

    10,400        451,849   

Suruga Bank, Ltd.

    13,000        312,170   

Suzuken Co., Ltd.

    5,800        191,693   

Suzuki Motor Corp.

    30,200        1,012,397   

Sysmex Corp.

    12,200        905,105   

T&D Holdings, Inc.

    49,200        555,473   

Taiheiyo Cement Corp.

    82,000        236,774   

Taisei Corp.

    80,000        599,746   

Taisho Pharmaceutical Holdings Co., Ltd.

    3,000        307,759   

Takashimaya Co., Ltd.

    19,000        156,120   

Takeda Pharmaceutical Co., Ltd.

    56,400        2,703,365   

TDK Corp.

    10,500        703,327   

Teijin, Ltd.

    13,200        256,384   

Terumo Corp.

    27,200        1,044,125   

THK Co., Ltd.

    7,700        151,889   

Tobu Railway Co., Ltd.

    73,000        372,018   

Toho Co., Ltd.

    8,500        282,497   

Toho Gas Co., Ltd.

    31,000        290,583   

Tohoku Electric Power Co., Inc.

    39,800        519,778   

Japan—(Continued)

  

Tokio Marine Holdings, Inc.

    53,500      2,053,027   

Tokyo Electric Power Co. Holdings, Inc. (b)

    124,100        537,460   

Tokyo Electron, Ltd.

    13,500        1,192,968   

Tokyo Gas Co., Ltd.

    162,000        721,790   

Tokyo Tatemono Co., Ltd.

    14,500        174,409   

Tokyu Corp.

    96,000        732,845   

Tokyu Fudosan Holdings Corp.

    37,000        201,342   

TonenGeneral Sekiyu KK

    18,000        182,549   

Toppan Printing Co., Ltd.

    41,000        370,444   

Toray Industries, Inc.

    126,000        1,227,597   

Toshiba Corp. (b)

    313,000        1,047,239   

TOTO, Ltd.

    10,400        392,479   

Toyo Seikan Group Holdings, Ltd.

    17,200        303,459   

Toyo Suisan Kaisha, Ltd.

    6,000        254,570   

Toyota Industries Corp.

    12,600        585,450   

Toyota Motor Corp.

    213,700        12,410,395   

Toyota Tsusho Corp.

    20,800        483,128   

Trend Micro, Inc.

    10,400        362,801   

Tsuruha Holdings, Inc.

    2,900        336,048   

Unicharm Corp.

    33,200        861,188   

United Urban Investment Corp. (REIT)

    266        485,089   

USS Co., Ltd.

    16,600        280,995   

West Japan Railway Co.

    13,700        849,263   

Yahoo Japan Corp.

    132,900        529,882   

Yakult Honsha Co., Ltd.

    6,300        284,148   

Yamada Denki Co., Ltd.

    55,900        277,637   

Yamaguchi Financial Group, Inc.

    15,000        160,060   

Yamaha Corp.

    15,800        510,369   

Yamaha Motor Co., Ltd.

    23,700        480,406   

Yamato Holdings Co., Ltd.

    27,000        629,292   

Yamazaki Baking Co., Ltd.

    9,000        220,630   

Yaskawa Electric Corp.

    18,000        269,353   

Yokogawa Electric Corp.

    16,300        217,199   

Yokohama Rubber Co., Ltd. (The)

    9,200        147,270   
   

 

 

 
      238,537,218   
   

 

 

 

Luxembourg—0.2%

  

ArcelorMittal (b)

    145,609        889,555   

RTL Group S.A. (b)

    2,700        224,154   

Tenaris S.A.

    43,902        624,014   
   

 

 

 
      1,737,723   
   

 

 

 

Netherlands—3.0%

  

ABN AMRO Group NV

    18,839        389,975   

Aegon NV

    144,233        552,886   

AerCap Holdings NV (b)

    13,600        523,464   

Airbus Group SE

    46,190        2,795,096   

Akzo Nobel NV

    19,973        1,352,145   

Altice NV - Class A (b)

    27,259        489,220   

ASML Holding NV

    29,205        3,203,880   

Boskalis Westminster

    6,294        224,082   

CNH Industrial NV

    78,026        558,727   

Ferrari NV

    9,578        497,750   

Gemalto NV

    7,697        493,736   

Heineken Holding NV

    8,233        660,301   

Heineken NV

    19,491        1,714,980   

 

MSF-212


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Netherlands—(Continued)

  

ING Groep NV

    310,514      $ 3,829,262   

Koninklijke Ahold Delhaize NV

    106,335        2,423,205   

Koninklijke DSM NV

    15,861        1,071,665   

Koninklijke KPN NV

    263,537        875,161   

Koninklijke Philips NV

    74,893        2,218,201   

Koninklijke Vopak NV

    7,217        378,958   

NN Group NV

    24,394        749,017   

NXP Semiconductors NV (b)

    23,300        2,376,833   

QIAGEN NV (b)

    20,557        566,194   

Randstad Holding NV

    9,402        428,450   

RELX NV

    78,420        1,408,761   

STMicroelectronics NV

    44,693        364,942   

Wolters Kluwer NV

    26,213        1,122,209   
   

 

 

 
      31,269,100   
   

 

 

 

New Zealand—0.2%

  

Auckland International Airport, Ltd.

    99,212        530,440   

Contact Energy, Ltd.

    58,969        216,507   

Fletcher Building, Ltd.

    56,031        437,890   

Meridian Energy, Ltd.

    124,449        235,111   

Ryman Healthcare, Ltd.

    29,900        209,507   

Spark New Zealand, Ltd.

    153,824        403,969   
   

 

 

 
      2,033,424   
   

 

 

 

Norway—0.6%

  

DNB ASA

    81,386        1,069,540   

Gjensidige Forsikring ASA

    14,357        268,382   

Marine Harvest ASA (b)

    30,284        542,209   

Norsk Hydro ASA

    92,923        401,000   

Orkla ASA

    68,492        707,829   

Schibsted ASA - B Shares

    6,744        181,023   

Schibsted ASA - Class A

    5,724        168,476   

Statoil ASA

    87,269        1,464,479   

Telenor ASA

    58,784        1,011,094   

Yara International ASA

    15,820        526,899   
   

 

 

 
      6,340,931   
   

 

 

 

Portugal—0.1%

  

Banco Espirito Santo S.A. (b) (c) (d)

    199,038        0   

EDP - Energias de Portugal S.A.

    185,244        622,242   

Galp Energia SGPS S.A.

    40,100        548,440   

Jeronimo Martins SGPS S.A.

    22,596        391,947   
   

 

 

 
      1,562,629   
   

 

 

 

Singapore—1.2%

  

Ascendas Real Estate Investment Trust (REIT)

    215,000        398,930   

CapitaLand Commercial Trust (REIT)

    143,000        167,494   

CapitaLand Mall Trust (REIT)

    240,200        383,664   

CapitaLand, Ltd.

    227,200        536,762   

City Developments, Ltd.

    34,000        227,624   

ComfortDelGro Corp., Ltd.

    153,000        316,977   

DBS Group Holdings, Ltd.

    141,667        1,608,513   

Genting Singapore plc

    418,200        232,158   

Global Logistic Properties, Ltd.

    184,100        253,787   

Golden Agri-Resources, Ltd.

    605,100        158,541   

Singapore—(Continued)

  

Hutchison Port Holdings Trust - Class U

    538,000      241,334   

Jardine Cycle & Carriage, Ltd.

    8,888        281,109   

Keppel Corp., Ltd.

    128,900        515,836   

Oversea-Chinese Banking Corp., Ltd.

    247,264        1,578,873   

Sembcorp Industries, Ltd.

    71,000        136,004   

Singapore Airlines, Ltd.

    51,440        397,945   

Singapore Exchange, Ltd.

    80,900        441,633   

Singapore Press Holdings, Ltd.

    153,050        429,839   

Singapore Technologies Engineering, Ltd.

    130,000        309,690   

Singapore Telecommunications, Ltd.

    628,020        1,841,845   

Suntec Real Estate Investment Trust (REIT)

    179,000        226,374   

United Overseas Bank, Ltd.

    105,192        1,461,408   

UOL Group, Ltd.

    33,000        136,414   

Wilmar International, Ltd.

    159,200        377,072   
   

 

 

 
      12,659,826   
   

 

 

 

Spain—2.9%

  

Abertis Infraestructuras S.A.

    51,494        802,064   

ACS Actividades de Construccion y Servicios S.A.

    14,558        440,157   

Aena S.A.

    5,774        851,982   

Amadeus IT Group S.A.

    36,080        1,803,278   

Banco Bilbao Vizcaya Argentaria S.A.

    520,849        3,150,247   

Banco de Sabadell S.A.

    465,409        596,250   

Banco Popular Espanol S.A.

    253,956        313,715   

Banco Santander S.A.

    1,154,634        5,107,823   

Bankia S.A.

    323,299        265,226   

Bankinter S.A.

    48,939        348,245   

CaixaBank S.A.

    198,231        501,014   

Distribuidora Internacional de Alimentacion S.A.

    40,490        250,765   

Enagas S.A.

    17,953        539,727   

Endesa S.A.

    23,384        501,402   

Ferrovial S.A.

    37,538        798,891   

Gas Natural SDG S.A.

    31,745        652,675   

Grifols S.A.

    23,842        513,902   

Iberdrola S.A.

    433,124        2,943,549   

Industria de Diseno Textil S.A.

    89,257        3,310,132   

International Consolidated Airlines Group S.A. - Class DI

    69,940        362,902   

Mapfre S.A.

    74,474        208,398   

Red Electrica Corp. S.A.

    36,520        787,533   

Repsol S.A.

    87,827        1,192,421   

Telefonica S.A.

    359,887        3,643,250   

Zardoya Otis S.A.

    22,239        213,933   
   

 

 

 
      30,099,481   
   

 

 

 

Sweden—2.7%

  

Alfa Laval AB

    20,852        327,085   

Assa Abloy AB - Class B

    80,175        1,630,098   

Atlas Copco AB - A Shares

    53,715        1,618,290   

Atlas Copco AB - B Shares

    32,703        894,094   

Boliden AB

    25,037        588,706   

Electrolux AB - Series B

    17,118        429,534   

Getinge AB - B Shares

    19,011        368,835   

Hennes & Mauritz AB - B Shares

    74,424        2,100,926   

 

MSF-213


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

  

Hexagon AB - B Shares

    19,206      $ 839,195   

Husqvarna AB - B Shares

    25,677        224,183   

ICA Gruppen AB

    5,619        185,714   

Industrivarden AB - C Shares

    16,050        297,121   

Investor AB - B Shares

    35,158        1,286,453   

Kinnevik AB - Class B

    21,519        549,195   

Lundin Petroleum AB (b)

    16,017        293,135   

Millicom International Cellular S.A.

    5,384        279,480   

Nordea Bank AB

    237,519        2,359,029   

Sandvik AB

    84,986        935,234   

Securitas AB - B Shares

    21,462        360,018   

Skandinaviska Enskilda Banken AB - Class A

    125,966        1,266,494   

Skanska AB - B Shares

    30,119        703,692   

SKF AB - B Shares

    32,785        566,330   

Svenska Cellulosa AB SCA - Class B

    51,018        1,516,527   

Svenska Handelsbanken AB - A Shares

    123,478        1,697,961   

Swedbank AB - A Shares

    75,029        1,764,281   

Swedish Match AB

    14,499        532,511   

Tele2 AB - B Shares

    21,032        181,655   

Telefonaktiebolaget LM Ericsson - B Shares

    245,096        1,771,215   

Telia Co. AB

    219,400        983,384   

Volvo AB - B Shares

    126,102        1,440,062   
   

 

 

 
      27,990,437   
   

 

 

 

Switzerland—8.8%

  

ABB, Ltd. (b)

    155,750        3,504,708   

Actelion, Ltd. (b)

    8,051        1,396,867   

Adecco Group AG

    12,943        730,448   

Aryzta AG (b)

    7,132        317,166   

Baloise Holding AG

    4,297        520,835   

Barry Callebaut AG (b)

    132        175,770   

Chocoladefabriken Lindt & Spruengli AG

    9        615,582   

Chocoladefabriken Lindt & Spruengli AG (Participation Certifcate)

    81        469,172   

Cie Financiere Richemont S.A.

    40,858        2,493,139   

Coca-Cola HBC AG (b)

    13,800        320,965   

Credit Suisse Group AG (b)

    145,390        1,906,238   

Dufry AG (b)

    3,625        454,392   

EMS-Chemie Holding AG

    579        311,366   

Galenica AG

    295        313,475   

Geberit AG

    3,038        1,332,461   

Givaudan S.A.

    717        1,461,368   

Glencore plc (b)

    1,014,663        2,787,808   

Julius Baer Group, Ltd. (b)

    17,027        692,572   

Kuehne & Nagel International AG

    4,135        600,809   

LafargeHolcim, Ltd. (b)

    37,989        2,055,070   

Lonza Group AG (b)

    4,579        875,662   

Nestle S.A.

    256,263        20,235,633   

Novartis AG

    179,478        14,144,955   

Pargesa Holding S.A.

    3,763        258,125   

Partners Group Holding AG

    1,388        700,716   

Roche Holding AG

    56,759        14,091,714   

Schindler Holding AG

    1,428        270,860   

Schindler Holding AG (Participation Certificate)

    3,959        743,303   

SGS S.A.

    429        962,495   

Switzerland—(Continued)

  

Sika AG

    170      828,026   

Sonova Holding AG

    4,058        575,588   

Swatch Group AG (The)

    5,039        280,469   

Swatch Group AG (The) - Bearer Shares (a)

    2,384        675,109   

Swiss Life Holding AG (b)

    2,458        636,599   

Swiss Prime Site AG (b)

    6,356        558,625   

Swiss Re AG

    26,071        2,357,255   

Swisscom AG

    2,156        1,025,752   

Syngenta AG

    7,619        3,338,775   

UBS Group AG

    294,259        4,004,300   

Zurich Insurance Group AG (b)

    12,336        3,181,349   
   

 

 

 
      92,205,521   
   

 

 

 

United Kingdom—17.4%

  

3i Group plc

    83,477        704,197   

Aberdeen Asset Management plc

    62,282        263,470   

Admiral Group plc

    16,009        426,104   

Aggreko plc

    17,661        218,773   

Anglo American plc (b)

    114,075        1,435,090   

Antofagasta plc

    26,957        183,054   

Ashtead Group plc

    44,964        742,369   

Associated British Foods plc

    27,546        930,339   

AstraZeneca plc

    101,128        6,565,491   

Auto Trader Group plc

    75,401        397,171   

Aviva plc

    331,823        1,902,930   

Babcock International Group plc

    22,688        305,060   

BAE Systems plc

    259,623        1,765,315   

Barclays plc

    1,358,982        2,969,626   

Barratt Developments plc

    88,548        569,809   

Berkeley Group Holdings plc

    10,289        345,369   

BP plc

    1,498,691        8,747,790   

British American Tobacco plc

    149,122        9,557,679   

British Land Co. plc (The) (REIT)

    73,348        603,923   

BT Group plc

    669,710        3,384,156   

Bunzl plc

    27,344        810,853   

Burberry Group plc

    32,742        587,250   

Capita plc

    56,282        489,933   

Carnival plc

    15,318        749,341   

Centrica plc

    433,996        1,286,502   

Cobham plc

    148,611        324,070   

Coca-Cola European Partners plc

    17,100        680,392   

Compass Group plc

    136,155        2,646,189   

Croda International plc

    12,193        552,366   

Diageo plc

    202,310        5,813,606   

Direct Line Insurance Group plc

    120,497        571,005   

Dixons Carphone plc

    87,082        417,436   

easyJet plc

    10,815        141,681   

Fiat Chrysler Automobiles NV

    70,787        449,608   

Fresnillo plc

    22,254        524,771   

G4S plc

    145,464        430,446   

GKN plc

    126,099        525,256   

GlaxoSmithKline plc

    389,565        8,320,054   

Hammerson plc (REIT)

    74,953        572,666   

Hargreaves Lansdown plc

    23,808        393,696   

Hikma Pharmaceuticals plc

    11,370        298,235   

HSBC Holdings plc

    1,592,402        11,982,122   

 

MSF-214


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

United Kingdom—(Continued)

  

ICAP plc

    53,697      $ 325,116   

IMI plc

    20,055        279,430   

Imperial Brands plc

    77,211        3,988,640   

Inmarsat plc

    33,445        306,712   

InterContinental Hotels Group plc

    15,517        641,400   

Intertek Group plc

    14,174        643,141   

Intu Properties plc (REIT)

    92,411        355,804   

Investec plc

    41,855        256,499   

J Sainsbury plc

    120,106        383,253   

Johnson Matthey plc

    15,590        667,846   

Kingfisher plc

    189,541        927,416   

Land Securities Group plc (REIT)

    69,232        953,543   

Legal & General Group plc

    465,307        1,324,540   

Lloyds Banking Group plc

    5,267,223        3,738,501   

London Stock Exchange Group plc

    25,259        918,720   

Marks & Spencer Group plc

    137,472        592,515   

Mediclinic International plc

    30,600        368,715   

Meggitt plc

    55,862        327,310   

Merlin Entertainments plc

    52,353        299,336   

Mondi plc

    27,093        570,827   

National Grid plc

    299,625        4,243,948   

Next plc

    11,803        733,453   

Old Mutual plc

    378,865        997,884   

Pearson plc

    63,486        621,512   

Persimmon plc

    22,805        538,692   

Petrofac, Ltd.

    17,337        200,773   

Provident Financial plc

    11,099        436,233   

Prudential plc

    205,782        3,660,349   

Randgold Resources, Ltd.

    8,250        831,337   

Reckitt Benckiser Group plc

    50,862        4,803,657   

RELX plc

    85,441        1,624,944   

Rio Tinto plc

    100,627        3,355,727   

Rolls-Royce Holdings plc (b)

    152,053        1,422,300   

Royal Bank of Scotland Group plc (b)

    315,947        735,302   

Royal Dutch Shell plc - A Shares

    343,625        8,546,840   

Royal Dutch Shell plc - B Shares

    299,606        7,790,702   

Royal Mail plc

    67,965        431,491   

RSA Insurance Group plc

    93,305        661,769   

SABMiller plc

    78,048        4,558,078   

Sage Group plc (The)

    93,810        900,478   

Schroders plc

    10,735        375,951   

Segro plc (REIT)

    61,844        365,141   

Severn Trent plc

    20,415        664,303   

Sky plc

    81,836        950,366   

Smith & Nephew plc

    70,070        1,132,847   

Smiths Group plc

    31,976        608,099   

SSE plc

    80,939        1,646,626   

St. James’s Place plc

    38,927        480,354   

Standard Chartered plc (b)

    260,617        2,127,056   

Standard Life plc

    166,532        743,942   

Tate & Lyle plc

    33,576        326,963   

Taylor Wimpey plc

    240,026        481,532   

Tesco plc (b)

    671,221        1,594,094   

Travis Perkins plc

    20,832        417,225   

Unilever NV

    130,477        6,021,366   

Unilever plc

    103,156        4,901,071   

United Utilities Group plc

    57,234        746,417   

United Kingdom—(Continued)

  

Vodafone Group plc

    2,124,260      6,104,446   

Weir Group plc (The)

    17,104        376,854   

Whitbread plc

    14,502        737,508   

William Hill plc

    82,380        325,529   

WM Morrison Supermarkets plc

    166,578        471,229   

Wolseley plc

    20,872        1,179,087   

Worldpay Group plc

    110,824        426,411   

WPP plc

    107,227        2,529,322   
   

 

 

 
      181,283,665   
   

 

 

 

United States—0.1%

  

Mobileye NV (b)

    14,200        604,494   
   

 

 

 

Total Common Stocks
(Cost $929,412,986)

      990,271,533   
   

 

 

 
Mutual Fund—2.1%                

United States—2.1%

  

iShares MSCI EAFE ETF (a) (e)
(Cost $20,898,674)

    377,400        22,315,662   
   

 

 

 
Preferred Stocks—0.5%                

Germany—0.5%

  

Bayerische Motoren Werke (BMW) AG

    5,388        397,340   

FUCHS Petrolub SE

    4,900        223,774   

Henkel AG & Co. KGaA

    13,964        1,898,823   

Porsche Automobil Holding SE

    11,870        606,219   

Schaeffler AG

    13,141        207,969   

Volkswagen AG

    15,111        1,985,975   
   

 

 

 

Total Preferred Stocks
(Cost $4,284,434)

      5,320,100   
   

 

 

 
Short-Term Investments—1.8%   

Discount Notes—0.8%

  

Federal Home Loan Bank
0.231%, 10/05/16 (f)

    550,000        549,983   

0.304%, 10/17/16 (f)

    1,350,000        1,349,809   

0.348%, 10/18/16 (f)

    5,075,000        5,074,130   

0.445%, 03/24/17 (f)

    975,000        972,926   
   

 

 

 
      7,946,848   
   

 

 

 

U.S. Treasury—1.0%

  

U.S. Treasury Bills
0.267%, 10/20/16 (f)

    575,000        574,916   

0.293%, 11/17/16 (f)

    1,125,000        1,124,567   

0.319%, 12/01/16 (f)

    400,000        399,783   

0.384%, 03/16/17 (f)

    6,000,000        5,989,473   

0.424%, 02/16/17 (f)

    1,825,000        1,822,057   
   

 

 

 
      9,910,796   
   

 

 

 

Total Short-Term Investments
(Cost $17,857,644)

      17,857,644   
   

 

 

 

 

MSF-215


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (g)—2.4%

 

Security Description   Shares/
Principal
Amount*
    Value  

Money Market Fund—0.2%

  

Dreyfus Treasury Cash Management Fund

    2,000,000      $ 2,000,000   
   

 

 

 

Repurchase Agreements—2.0%

  

Citigroup Global Markets Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $2,500,194 on 10/03/16, collateralized by $2,362,537 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $2,550,001.

    2,500,000        2,500,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $2,500,174 on 10/03/16, collateralized by $2,454,308 Corporate and Foreign Bonds with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $2,550,002.

    2,500,000        2,500,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $2,000,083 on 10/03/16, collateralized by $1,944,385 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $2,040,000.

    2,000,000        2,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $4,000,150 on 10/03/16, collateralized by $3,155,200 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $4,080,056.

    4,000,000        4,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $2,500,197 on 10/03/16, collateralized by $2,386,698 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $2,551,067.

    2,500,000        2,500,000   

Merrill Lynch, Pierce, Fenner & Smith Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $75,899 on 10/03/16, collateralized by $62,705 U.S. Treasury Obligations with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $77,414.

    75,896        75,896   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $3,500,204 on 10/03/16, collateralized by $5,598,463 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $3,570,208.

    3,500,000        3,500,000   

Repurchase Agreements—(Continued)

  

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $3,000,130 on 10/03/16, collateralized by $4,235,626 U.S. Government Agency Obligations with rates ranging from 2.500% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $3,060,000.

    3,000,000      3,000,000   

RBS Securities Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $1,200,046 on 10/03/16, collateralized by $1,123,416 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $1,224,025.

    1,200,000        1,200,000   
   

 

 

 
      21,275,896   
   

 

 

 

Time Deposits—0.2%

  

ANZ London
0.420%, 10/03/16

    94,038        94,038   

Canadian Imperial Bank
0.260%, 10/03/16

    1,000,000        1,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    400,000        400,000   

Royal Bank of Canada
0.280%, 10/03/16

    400,000        400,000   
   

 

 

 
      1,894,038   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $25,169,934)

      25,169,934   
   

 

 

 

Total Investments—101.9%
(Cost $997,623,672) (h)

      1,060,934,873   

Other assets and liabilities (net)—(1.9)%

      (19,430,985
   

 

 

 
Net Assets—100.0%     $ 1,041,503,888   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $24,654,751 and the collateral received consisted of cash in the amount of $25,169,934. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b) Non-income producing security.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent less than 0.05% of net assets.
(d) Illiquid security. As of September 30, 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 September 30, 2016, the market value of securities pledged was $2,365,200.
(f) The rate shown represents current yield to maturity.

 

MSF-216


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

(g) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(h) As of September 30, 2016, the aggregate cost of investments was $997,623,672. The aggregate unrealized appreciation and depreciation of investments were $234,352,653 and $(171,041,452), respectively, resulting in net unrealized appreciation of $63,311,201.
(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.
(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
September 30, 2016 (Unaudited)

  

% of
Net Assets

 

Banks

     10.5   

Pharmaceuticals

     8.0   

Insurance

     4.9   

Oil, Gas & Consumable Fuels

     4.4   

Chemicals

     3.7   

Automobiles

     3.5   

Food Products

     3.3   

Beverages

     2.8   

Diversified Telecommunication Services

     2.8   

Metals & Mining

     2.6   

 

Futures Contracts

 

Futures Contracts – Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

MSCI EAFE Mini Index Futures

     12/16/16         216         USD         18,649,878       $ (217,518
              

 

 

 

 

(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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Australia

   $ —         $ 74,833,250       $ —         $ 74,833,250   

Austria

     —           1,796,336         —           1,796,336   

Belgium

     —           13,689,227         —           13,689,227   

Denmark

     —           17,549,401         —           17,549,401   

Finland

     —           9,963,297         —           9,963,297   

France

     —           92,452,703         —           92,452,703   

Germany

     —           83,746,531         —           83,746,531   

Hong Kong

     257,760         34,609,763         —           34,867,523   

Ireland

     —           12,063,121         —           12,063,121   

Israel

     958,568         5,355,186         —           6,313,754   

Italy

     —           16,671,941         —           16,671,941   

 

MSF-217


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  

Japan

   $ 224,607      $ 238,312,611      $ —         $ 238,537,218   

Luxembourg

     —          1,737,723        —           1,737,723   

Netherlands

     2,900,297        28,368,803        —           31,269,100   

New Zealand

     —          2,033,424        —           2,033,424   

Norway

     —          6,340,931        —           6,340,931   

Portugal

     —          1,562,629        0         1,562,629   

Singapore

     —          12,659,826        —           12,659,826   

Spain

     —          30,099,481        —           30,099,481   

Sweden

     —          27,990,437        —           27,990,437   

Switzerland

     —          92,205,521        —           92,205,521   

United Kingdom

     —          181,283,665        —           181,283,665   

United States

     604,494        —          —           604,494   

Total Common Stocks

     4,945,726        985,325,807        0         990,271,533   

Total Mutual Fund*

     22,315,662        —          —           22,315,662   

Total Preferred Stocks*

     —          5,320,100        —           5,320,100   
Short-Term Investments          

Discount Notes

     —          7,946,848        —           7,946,848   

U.S. Treasury

     —          9,910,796        —           9,910,796   

Total Short-Term Investments

     —          17,857,644        —           17,857,644   
Securities Lending Reinvestments          

Money Market Fund

     2,000,000        —          —           2,000,000   

Repurchase Agreements

     —          21,275,896        —           21,275,896   

Time Deposits

     —          1,894,038        —           1,894,038   

Total Securities Lending Reinvestments

     2,000,000        23,169,934        —           25,169,934   

Total Investments

   $ 29,261,388      $ 1,031,673,485      $ 0       $ 1,060,934,873   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (25,169,934   $ —         $ (25,169,934
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (217,518   $ —        $ —         $ (217,518

 

* 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 $255,024 were due to the discontinuation of a systematic fair valuation model factor.

As of September 30, 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 value and 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 September 30, 2016 have not been presented.

 

MSF-218


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—98.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.5%

  

Astronics Corp. (a)

    128,172      $ 5,774,149   
   

 

 

 

Air Freight & Logistics—0.6%

  

Forward Air Corp.

    163,926        7,091,439   
   

 

 

 

Airlines—0.5%

  

Allegiant Travel Co.

    42,800        5,652,596   
   

 

 

 

Auto Components—1.4%

  

Drew Industries, Inc.

    117,800        11,546,756   

Gentex Corp.

    271,350        4,764,906   
   

 

 

 
      16,311,662   
   

 

 

 

Banks—9.6%

  

Bank of Hawaii Corp.

    244,450        17,751,959   

Bank of the Ozarks, Inc.

    302,976        11,634,278   

BankUnited, Inc.

    233,950        7,065,290   

BOK Financial Corp.

    130,632        9,009,689   

Community Bank System, Inc.

    164,537        7,915,875   

Cullen/Frost Bankers, Inc.

    179,498        12,913,086   

CVB Financial Corp.

    641,800        11,302,098   

First Financial Bankshares, Inc.

    337,560        12,300,687   

FNB Corp.

    635,698        7,819,085   

LegacyTexas Financial Group, Inc.

    188,750        5,970,163   

PacWest Bancorp

    164,478        7,057,751   
   

 

 

 
      110,739,961   
   

 

 

 

Beverages—0.2%

  

Boston Beer Co., Inc. (The) - Class A (a)

    17,772        2,759,281   
   

 

 

 

Building Products—1.6%

  

A.O. Smith Corp.

    108,250        10,694,018   

AAON, Inc.

    278,822        8,035,650   
   

 

 

 
      18,729,668   
   

 

 

 

Capital Markets—2.4%

  

Artisan Partners Asset Management, Inc. -
Class A

    120,600        3,280,320   

FactSet Research Systems, Inc.

    58,700        9,515,270   

MarketAxess Holdings, Inc.

    88,650        14,679,553   

OM Asset Management plc

    48,100        669,071   
   

 

 

 
      28,144,214   
   

 

 

 

Chemicals—4.3%

  

Balchem Corp.

    164,113        12,723,681   

NewMarket Corp.

    7,967        3,420,392   

Quaker Chemical Corp.

    41,050        4,348,427   

RPM International, Inc.

    108,350        5,820,562   

Sensient Technologies Corp.

    311,750        23,630,650   
   

 

 

 
      49,943,712   
   

 

 

 

Commercial Services & Supplies—4.2%

  

G&K Services, Inc. - Class A

    45,300        4,325,697   

Healthcare Services Group, Inc.

    347,014        13,734,814   

Ritchie Bros. Auctioneers, Inc.

    217,900        7,641,753   

Commercial Services & Supplies—(Continued)

  

Rollins, Inc.

    573,165      16,782,271   

UniFirst Corp.

    42,850        5,650,201   
   

 

 

 
      48,134,736   
   

 

 

 

Communications Equipment—1.1%

  

NetScout Systems, Inc. (a)

    427,550        12,505,837   
   

 

 

 

Construction & Engineering—0.9%

  

Valmont Industries, Inc.

    75,100        10,106,207   
   

 

 

 

Construction Materials—0.9%

  

Eagle Materials, Inc.

    128,800        9,956,240   
   

 

 

 

Containers & Packaging—2.3%

  

AptarGroup, Inc.

    273,804        21,195,168   

Silgan Holdings, Inc.

    112,050        5,668,609   
   

 

 

 
      26,863,777   
   

 

 

 

Distributors—1.8%

  

Pool Corp.

    226,110        21,371,917   
   

 

 

 

Electrical Equipment—0.4%

  

AZZ, Inc.

    54,400        3,550,688   

Thermon Group Holdings, Inc. (a)

    74,050        1,462,488   
   

 

 

 
      5,013,176   
   

 

 

 

Electronic Equipment, Instruments & Components—3.8%

  

Badger Meter, Inc.

    26,676        893,913   

Cognex Corp.

    163,800        8,658,468   

Littelfuse, Inc.

    121,650        15,669,736   

Rogers Corp. (a)

    132,550        8,096,154   

Zebra Technologies Corp. - Class A (a)

    145,232        10,109,600   
   

 

 

 
      43,427,871   
   

 

 

 

Energy Equipment & Services—1.2%

  

Dril-Quip, Inc. (a)

    30,700        1,711,218   

Natural Gas Services Group, Inc. (a)

    169,385        4,165,177   

Oceaneering International, Inc.

    102,450        2,818,400   

Pason Systems, Inc.

    407,600        5,200,976   
   

 

 

 
      13,895,771   
   

 

 

 

Food & Staples Retailing—0.2%

  

North West Co., Inc. (The)

    99,700        1,963,679   
   

 

 

 

Food Products—3.2%

  

B&G Foods, Inc.

    34,050        1,674,579   

Blue Buffalo Pet Products, Inc. (a)

    173,200        4,115,232   

Cal-Maine Foods, Inc.

    133,700        5,152,798   

Calavo Growers, Inc.

    66,100        4,324,923   

Flowers Foods, Inc.

    231,350        3,498,012   

J&J Snack Foods Corp.

    77,509        9,232,872   

Lancaster Colony Corp.

    69,300        9,153,837   
   

 

 

 
      37,152,253   
   

 

 

 

 

MSF-219


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—8.0%

  

Abaxis, Inc.

    130,954      $ 6,759,845   

Atrion Corp.

    5,500        2,346,300   

Cantel Medical Corp.

    87,007        6,784,806   

DENTSPLY SIRONA, Inc.

    254,750        15,139,793   

Haemonetics Corp. (a)

    140,496        5,087,360   

IDEXX Laboratories, Inc. (a)

    175,700        19,806,661   

Natus Medical, Inc. (a)

    140,924        5,536,904   

Neogen Corp. (a)

    41,900        2,343,886   

Vascular Solutions, Inc. (a)

    77,500        3,737,825   

West Pharmaceutical Services, Inc.

    330,716        24,638,342   
   

 

 

 
      92,181,722   
   

 

 

 

Health Care Providers & Services—3.8%

  

Amsurg Corp. (a)

    51,492        3,452,539   

Chemed Corp.

    68,800        9,705,616   

Henry Schein, Inc. (a)

    96,950        15,800,911   

Surgery Partners, Inc. (a)

    129,900        2,629,176   

Surgical Care Affiliates, Inc. (a)

    129,807        6,329,389   

U.S. Physical Therapy, Inc.

    91,100        5,711,970   
   

 

 

 
      43,629,601   
   

 

 

 

Hotels, Restaurants & Leisure—3.3%

  

Brinker International, Inc.

    183,350        9,246,340   

Cheesecake Factory, Inc. (The)

    111,600        5,586,696   

Cracker Barrel Old Country Store, Inc.

    58,450        7,728,259   

Papa John’s International, Inc.

    98,000        7,727,300   

Texas Roadhouse, Inc.

    203,250        7,932,848   
   

 

 

 
      38,221,443   
   

 

 

 

Household Products—2.9%

  

Church & Dwight Co., Inc.

    502,000        24,055,840   

Energizer Holdings, Inc.

    133,200        6,654,672   

WD-40 Co.

    25,100        2,821,993   
   

 

 

 
      33,532,505   
   

 

 

 

Industrial Conglomerates—0.3%

  

Raven Industries, Inc.

    152,279        3,506,985   
   

 

 

 

Insurance—1.6%

  

AMERISAFE, Inc.

    61,200        3,597,336   

RLI Corp.

    217,390        14,860,780   

Safety Insurance Group, Inc.

    1,600        107,552   
   

 

 

 
      18,565,668   
   

 

 

 

Internet Software & Services—0.1%

  

NIC, Inc.

    71,200        1,673,200   
   

 

 

 

IT Services—1.1%

  

Jack Henry & Associates, Inc.

    148,850        12,734,117   
   

 

 

 

Leisure Products—0.7%

  

Polaris Industries, Inc.

    96,998        7,511,525   
   

 

 

 

Life Sciences Tools & Services—3.6%

  

Bio-Techne Corp.

    125,000      13,687,500   

ICON plc (a)

    271,387        20,997,212   

PAREXEL International Corp. (a)

    103,350        7,177,658   
   

 

 

 
      41,862,370   
   

 

 

 

Machinery—9.1%

  

CLARCOR, Inc.

    167,302        10,874,630   

Donaldson Co., Inc.

    131,350        4,903,296   

Franklin Electric Co., Inc.

    143,850        5,856,134   

Graco, Inc.

    77,250        5,716,500   

Lindsay Corp.

    21,200        1,568,376   

Middleby Corp. (The) (a)

    107,500        13,289,150   

Nordson Corp.

    127,362        12,689,076   

RBC Bearings, Inc. (a)

    151,750        11,605,840   

Tennant Co.

    101,078        6,549,854   

Toro Co. (The)

    308,200        14,436,088   

Wabtec Corp.

    212,850        17,379,202   
   

 

 

 
      104,868,146   
   

 

 

 

Marine—0.3%

  

Kirby Corp. (a)

    61,100        3,797,976   
   

 

 

 

Media—1.5%

  

Gray Television, Inc. (a)

    443,000        4,589,480   

Nexstar Broadcasting Group, Inc. - Class A

    223,800        12,915,498   
   

 

 

 
      17,504,978   
   

 

 

 

Metals & Mining—0.6%

  

Compass Minerals International, Inc.

    95,900        7,067,830   
   

 

 

 

Oil, Gas & Consumable Fuels—1.0%

  

Diamondback Energy, Inc. (a)

    27,500        2,654,850   

Gulfport Energy Corp. (a)

    104,500        2,952,125   

Matador Resources Co. (a)

    82,600        2,010,484   

RSP Permian, Inc. (a)

    96,600        3,746,148   
   

 

 

 
      11,363,607   
   

 

 

 

Paper & Forest Products—1.0%

  

Stella-Jones, Inc.

    336,750        11,681,461   
   

 

 

 

Pharmaceuticals—0.5%

  

Prestige Brands Holdings, Inc. (a)

    121,400        5,859,978   
   

 

 

 

Professional Services—1.0%

  

Exponent, Inc.

    228,756        11,680,281   
   

 

 

 

Road & Rail—0.2%

  

Genesee & Wyoming, Inc. - Class A (a)

    31,900        2,199,505   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.7%

  

MKS Instruments, Inc.

    110,800        5,510,084   

Power Integrations, Inc.

    227,480        14,338,064   
   

 

 

 
      19,848,148   
   

 

 

 

 

MSF-220


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Software—9.8%

  

Aspen Technology, Inc. (a)

    250,200      $ 11,706,858   

Computer Modelling Group, Ltd.

    235,800        1,769,443   

Constellation Software, Inc.

    36,820        16,598,258   

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

    266,400        5,732,928   

Fair Isaac Corp.

    143,150        17,835,058   

Manhattan Associates, Inc. (a)

    299,376        17,250,045   

Monotype Imaging Holdings, Inc.

    331,543        7,330,416   

Nice Ltd. (ADR)

    78,100        5,228,014   

Progress Software Corp. (a)

    167,500        4,556,000   

Qualys, Inc. (a)

    89,550        3,419,915   

Tyler Technologies, Inc. (a)

    128,400        21,985,932   
   

 

 

 
      113,412,867   
   

 

 

 

Specialty Retail—3.3%

  

Asbury Automotive Group, Inc. (a)

    63,600        3,540,612   

Hibbett Sports, Inc. (a)

    124,150        4,953,585   

Lithia Motors, Inc. - Class A

    99,450        9,499,464   

Monro Muffler Brake, Inc.

    88,050        5,386,019   

Sally Beauty Holdings, Inc. (a)

    249,850        6,416,148   

Tractor Supply Co.

    124,750        8,401,912   
   

 

 

 
      38,197,740   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.8%

  

Electronics For Imaging, Inc. (a)

    195,250        9,551,630   
   

 

 

 

Trading Companies & Distributors—1.3%

  

Applied Industrial Technologies, Inc.

    81,521        3,810,292   

Watsco, Inc.

    80,775        11,381,197   
   

 

 

 
      15,191,489   
   

 

 

 

Total Common Stocks
(Cost $782,618,897)

      1,141,182,918   
   

 

 

 
Short-Term Investment—1.1%   
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—1.1%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $12,745,830 on 10/03/16, collateralized by $12,810,000 U.S. Treasury Note at 1.375% due 01/31/21 with a value of $13,002,150.

    12,745,798      12,745,798   
   

 

 

 

Total Short-Term Investments
(Cost $12,745,798)

      12,745,798   
   

 

 

 

Total Investments—99.7%
(Cost $795,364,695) (b)

      1,153,928,716   

Other assets and liabilities (net)—0.3%

      3,440,905   
   

 

 

 
Net Assets—100.0%     $ 1,157,369,621   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) As of September 30, 2016, the aggregate cost of investments was $795,364,695. The aggregate unrealized appreciation and depreciation of investments were $381,691,713 and $(23,127,692), respectively, resulting in net unrealized appreciation of $358,564,021.
(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-221


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stocks*

   $ 1,141,182,918       $ —         $ —         $ 1,141,182,918   

Total Short-Term Investment*

     —           12,745,798         —           12,745,798   

Total Investments

   $ 1,141,182,918       $ 12,745,798       $ —         $ 1,153,928,716   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-222


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—95.8% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.5%

  

AAR Corp.

    16,635      $ 521,008   

Aerojet Rocketdyne Holdings, Inc. (a)

    29,383        516,553   

Aerovironment, Inc. (a)

    8,967        218,884   

Astronics Corp. (a)

    8,569        386,033   

Cubic Corp.

    12,431        581,895   

Curtiss-Wright Corp.

    21,215        1,932,899   

DigitalGlobe, Inc. (a)

    29,669        815,897   

Ducommun, Inc. (a)

    5,959        136,104   

Engility Holdings, Inc. (a)

    8,737        275,216   

Esterline Technologies Corp. (a)

    14,168        1,077,335   

KEYW Holding Corp. (The) (a) (b)

    17,571        193,984   

KLX, Inc. (a)

    25,831        909,251   

Kratos Defense & Security Solutions,
Inc. (a) (b)

    23,529        162,115   

Mercury Systems, Inc. (a)

    19,389        476,388   

Moog, Inc. - Class A (a)

    15,634        930,848   

National Presto Industries, Inc. (b)

    2,572        225,796   

Sparton Corp. (a)

    5,193        136,368   

TASER International, Inc. (a)

    26,071        745,891   

Teledyne Technologies, Inc. (a)

    16,663        1,798,438   

Triumph Group, Inc.

    24,082        671,406   

Vectrus, Inc. (a)

    5,231        79,668   

Wesco Aircraft Holdings, Inc. (a)

    29,211        392,304   
   

 

 

 
      13,184,281   
   

 

 

 

Air Freight & Logistics—0.5%

  

Air Transport Services Group, Inc. (a)

    25,431        364,935   

Atlas Air Worldwide Holdings, Inc. (a)

    12,481        534,436   

Echo Global Logistics, Inc. (a)

    14,649        337,806   

Forward Air Corp.

    14,772        639,037   

HUB Group, Inc. - Class A (a)

    17,356        707,431   

Park-Ohio Holdings Corp.

    4,748        173,065   

XPO Logistics, Inc. (a) (b)

    47,650        1,747,325   
   

 

 

 
      4,504,035   
   

 

 

 

Airlines—0.4%

  

Allegiant Travel Co.

    6,708        885,925   

Hawaiian Holdings, Inc. (a)

    25,756        1,251,742   

SkyWest, Inc.

    24,419        644,906   

Virgin America, Inc. (a) (b)

    8,751        468,266   
   

 

 

 
      3,250,839   
   

 

 

 

Auto Components—1.2%

  

American Axle & Manufacturing Holdings, Inc. (a)

    37,813        651,140   

Cooper Tire & Rubber Co.

    27,246        1,035,893   

Cooper-Standard Holding, Inc. (a)

    6,881        679,843   

Dana, Inc.

    69,361        1,081,338   

Dorman Products, Inc. (a)

    12,774        816,259   

Drew Industries, Inc.

    11,598        1,136,836   

Federal-Mogul Holdings Corp. (a)

    15,664        150,531   

Fox Factory Holding Corp. (a)

    11,504        264,247   

Gentherm, Inc. (a)

    17,276        542,812   

Horizon Global Corp. (a)

    9,617        191,667   

Metaldyne Performance Group, Inc.

    6,210        98,428   

Modine Manufacturing Co. (a)

    23,187        274,998   

Motorcar Parts of America, Inc. (a)

    8,000        230,240   

Spartan Motors, Inc.

    17,934        171,808   

Auto Components—(Continued)

  

Standard Motor Products, Inc.

    9,638      460,311   

Stoneridge, Inc. (a)

    13,705        252,172   

Superior Industries International, Inc.

    12,615        367,853   

Tenneco, Inc. (a)

    27,494        1,602,075   

Tower International, Inc.

    10,455        251,965   
   

 

 

 
      10,260,416   
   

 

 

 

Automobiles—0.0%

  

Winnebago Industries, Inc.

    12,257        288,897   
   

 

 

 

Banks—9.3%

  

1st Source Corp.

    7,645        272,888   

Access National Corp.

    4,414        105,495   

Allegiance Bancshares, Inc. (a)

    5,825        157,275   

American National Bankshares, Inc.

    4,311        120,492   

Ameris Bancorp

    16,855        589,082   

Ames National Corp.

    4,647        128,536   

Arrow Financial Corp.

    5,995        196,803   

Atlantic Capital Bancshares, Inc. (a)

    7,046        105,549   

Banc of California, Inc.

    23,881        416,962   

BancFirst Corp.

    3,589        260,238   

Banco Latinoamericano de Comercio Exterior S.A. - Class E

    14,005        394,661   

Bancorp, Inc. (The) (a)

    17,041        109,403   

BancorpSouth, Inc.

    41,566        964,331   

Bank of Marin Bancorp

    3,199        159,086   

Bank of the Ozarks, Inc.

    43,049        1,653,082   

Banner Corp.

    14,787        646,783   

Bar Harbor Bankshares

    2,884        105,900   

Berkshire Hills Bancorp, Inc.

    14,754        408,833   

Blue Hills Bancorp, Inc.

    13,063        196,206   

BNC Bancorp

    18,833        458,019   

Boston Private Financial Holdings, Inc.

    40,232        516,177   

Bridge Bancorp, Inc.

    8,870        253,593   

Brookline Bancorp, Inc.

    33,001        402,282   

Bryn Mawr Bank Corp.

    8,151        260,750   

Camden National Corp.

    5,226        249,489   

Capital Bank Financial Corp. - Class A

    8,665        278,233   

Cardinal Financial Corp.

    14,931        389,550   

Carolina Financial Corp. (b)

    5,566        124,344   

Cathay General Bancorp

    37,025        1,139,629   

CenterState Banks, Inc.

    21,605        383,057   

Central Pacific Financial Corp.

    15,142        381,427   

Chemical Financial Corp.

    32,430        1,431,136   

Citizens & Northern Corp.

    6,716        147,551   

City Holding Co.

    6,429        323,314   

CNB Financial Corp.

    6,782        143,507   

CoBiz Financial, Inc.

    17,832        237,344   

Columbia Banking System, Inc.

    28,451        930,917   

Community Bank System, Inc.

    20,283        975,815   

Community Trust Bancorp, Inc.

    8,162        302,892   

ConnectOne Bancorp, Inc.

    11,906        215,022   

CU Bancorp (a)

    8,163        186,198   

Customers Bancorp, Inc. (a)

    11,686        294,020   

CVB Financial Corp.

    50,002        880,535   

Eagle Bancorp, Inc. (a)

    15,010        740,443   

Enterprise Bancorp, Inc. (b)

    4,064        113,792   

 

MSF-223


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

  

Enterprise Financial Services Corp.

    9,318      $ 291,188   

Farmers Capital Bank Corp.

    3,713        110,053   

Farmers National Banc Corp.

    13,414        144,603   

FCB Financial Holdings, Inc. - Class A (a)

    14,825        569,725   

Fidelity Southern Corp.

    10,827        199,109   

Financial Institutions, Inc.

    6,461        175,158   

First BanCorp (a)

    55,535        288,782   

First Bancorp

    8,573        169,660   

First Bancorp, Inc.

    5,308        127,233   

First Busey Corp.

    15,850        358,210   

First Citizens BancShares, Inc. - Class A

    3,585        1,053,596   

First Commonwealth Financial Corp.

    41,887        422,640   

First Community Bancshares, Inc.

    8,470        210,056   

First Connecticut Bancorp, Inc.

    7,629        135,720   

First Financial Bancorp

    28,214        616,194   

First Financial Bankshares, Inc. (b)

    30,167        1,099,285   

First Financial Corp.

    6,038        245,626   

First Foundation, Inc. (a)

    6,983        172,271   

First Interstate BancSystem, Inc. - Class A

    9,233        290,932   

First Merchants Corp.

    20,166        539,440   

First Mid-Illinois Bancshares, Inc.

    4,235        115,446   

First Midwest Bancorp, Inc.

    39,553        765,746   

First of Long Island Corp. (The)

    6,616        219,320   

Flushing Financial Corp.

    15,132        358,931   

FNB Corp.

    102,372        1,259,176   

Franklin Financial Network, Inc. (a)

    4,922        184,083   

Fulton Financial Corp.

    82,075        1,191,729   

German American Bancorp, Inc.

    6,759        263,128   

Glacier Bancorp, Inc.

    37,248        1,062,313   

Great Southern Bancorp, Inc.

    4,991        203,134   

Great Western Bancorp, Inc.

    28,884        962,415   

Green Bancorp, Inc. (a)

    11,285        123,345   

Guaranty Bancorp

    8,675        154,849   

Hancock Holding Co.

    37,825        1,226,665   

Hanmi Financial Corp.

    15,681        413,038   

HarborOne Bancorp, Inc. (a)

    15,086        237,755   

Heartland Financial USA, Inc.

    10,964        395,471   

Heritage Commerce Corp.

    10,489        114,750   

Heritage Financial Corp.

    17,398        312,294   

Heritage Oaks Bancorp

    11,367        93,209   

Hilltop Holdings, Inc. (a)

    34,409        772,826   

Home BancShares, Inc.

    58,980        1,227,374   

HomeTrust Bancshares, Inc. (a)

    10,270        189,995   

Hope Bancorp, Inc.

    59,993        1,042,078   

Horizon Bancorp

    5,200        152,776   

Iberiabank Corp.

    19,964        1,339,984   

Independent Bank Corp.

    11,863        199,654   

Independent Bank Corp./Rockland Trust

    12,760        690,188   

Independent Bank Group, Inc.

    4,644        205,125   

International Bancshares Corp.

    25,537        760,492   

Investors Bancorp, Inc.

    144,619        1,736,874   

Lakeland Bancorp, Inc.

    17,320        243,173   

Lakeland Financial Corp.

    12,208        432,407   

LegacyTexas Financial Group, Inc.

    22,230        703,135   

Live Oak Bancshares, Inc.

    10,388        149,795   

Macatawa Bank Corp.

    14,416        115,184   

MainSource Financial Group, Inc.

    10,246        255,638   

Banks—(Continued)

  

MB Financial, Inc.

    36,413      1,385,151   

Mercantile Bank Corp.

    8,647        232,172   

MidWestOne Financial Group, Inc.

    3,645        110,699   

National Bank Holdings Corp. - Class A

    12,889        301,216   

National Bankshares, Inc. (b)

    3,487        128,252   

National Commerce Corp. (a)

    4,628        125,234   

NBT Bancorp, Inc.

    20,117        661,246   

Nicolet Bankshares, Inc. (a)

    3,298        126,478   

OFG Bancorp

    19,884        201,027   

Old National Bancorp

    65,101        915,320   

Old Second Bancorp, Inc.

    14,296        118,800   

Opus Bank

    8,631        305,278   

Pacific Continental Corp.

    10,841        182,346   

Pacific Premier Bancorp, Inc. (a)

    12,610        333,661   

Park National Corp.

    6,727        645,792   

Park Sterling Corp.

    23,392        189,943   

Peapack Gladstone Financial Corp.

    6,672        149,520   

Penns Woods Bancorp, Inc.

    2,408        107,060   

People’s Utah Bancorp

    7,011        142,674   

Peoples Bancorp, Inc.

    10,141        249,367   

Peoples Financial Services Corp. (b)

    3,673        149,711   

Pinnacle Financial Partners, Inc.

    20,982        1,134,707   

Preferred Bank

    5,630        201,273   

PrivateBancorp, Inc.

    38,203        1,754,282   

Prosperity Bancshares, Inc.

    32,660        1,792,707   

QCR Holdings, Inc.

    5,811        184,441   

Renasant Corp.

    20,087        675,526   

Republic Bancorp, Inc. - Class A

    5,421        168,485   

S&T Bancorp, Inc.

    15,660        453,983   

Sandy Spring Bancorp, Inc.

    10,533        322,099   

Seacoast Banking Corp. of Florida (a)

    15,100        242,959   

ServisFirst Bancshares, Inc. (b)

    10,464        543,186   

Sierra Bancorp

    5,841        109,577   

Simmons First National Corp. - Class A

    13,943        695,756   

South State Corp.

    10,971        823,264   

Southside Bancshares, Inc.

    12,681        408,075   

Southwest Bancorp, Inc.

    9,007        171,043   

State Bank Financial Corp.

    16,379        373,769   

Sterling Bancorp

    61,931        1,083,792   

Stock Yards Bancorp, Inc.

    10,633        350,464   

Stonegate Bank

    5,132        173,205   

Suffolk Bancorp

    6,378        221,763   

Sun Bancorp, Inc.

    4,652        107,275   

Texas Capital Bancshares, Inc. (a)

    22,538        1,237,787   

Tompkins Financial Corp.

    7,424        567,268   

Towne Bank

    27,456        659,768   

TriCo Bancshares

    11,155        298,619   

TriState Capital Holdings, Inc. (a)

    11,422        184,465   

Triumph Bancorp, Inc. (a)

    7,480        148,403   

Trustmark Corp.

    33,957        935,855   

UMB Financial Corp.

    21,887        1,301,182   

Umpqua Holdings Corp.

    104,556        1,573,568   

Union Bankshares Corp.

    20,843        557,967   

United Bankshares, Inc. (b)

    32,641        1,229,586   

United Community Banks, Inc.

    34,521        725,631   

Univest Corp. of Pennsylvania

    12,133        283,427   

Valley National Bancorp

    120,885        1,176,211   

 

MSF-224


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

  

Washington Trust Bancorp, Inc.

    7,713      $ 310,217   

WashingtonFirst Bankshares, Inc.

    4,432        109,072   

Webster Financial Corp.

    43,929        1,669,741   

WesBanco, Inc.

    20,241        665,524   

West Bancorp, Inc.

    8,036        157,506   

Westamerica Bancorp (b)

    12,513        636,661   

Wintrust Financial Corp.

    25,023        1,390,528   

Yadkin Financial Corp.

    24,582        646,261   
   

 

 

 
      81,061,442   
   

 

 

 

Beverages—0.2%

  

Boston Beer Co., Inc. (The) - Class A (a)

    4,334        672,897   

Coca-Cola Bottling Co. Consolidated

    2,376        352,028   

Craft Brew Alliance, Inc. (a)

    6,593        124,146   

MGP Ingredients, Inc.

    5,440        220,429   

National Beverage Corp. (a)

    5,742        252,935   

Primo Water Corp. (a)

    10,997        133,394   
   

 

 

 
      1,755,829   
   

 

 

 

Biotechnology—5.1%

  

Acceleron Pharma, Inc. (a)

    13,695        495,622   

Achillion Pharmaceuticals, Inc. (a)

    56,103        454,434   

Acorda Therapeutics, Inc. (a)

    20,455        427,100   

Adamas Pharmaceuticals, Inc. (a)

    7,040        115,526   

Aduro Biotech, Inc. (a) (b)

    18,643        231,732   

Advaxis, Inc. (a) (b)

    18,811        201,090   

Agenus, Inc. (a)

    38,088        273,472   

Aimmune Therapeutics, Inc. (a)

    14,043        210,645   

Akebia Therapeutics, Inc. (a)

    22,828        206,593   

Alder Biopharmaceuticals, Inc. (a)

    23,239        761,542   

AMAG Pharmaceuticals, Inc. (a)

    16,034        392,993   

Amicus Therapeutics, Inc. (a) (b)

    70,916        524,778   

Ardelyx, Inc. (a)

    12,919        167,172   

Arena Pharmaceuticals, Inc. (a)

    114,310        200,043   

ARIAD Pharmaceuticals, Inc. (a)

    87,547        1,198,518   

Array BioPharma, Inc. (a)

    64,536        435,618   

Arrowhead Pharmaceuticals, Inc. (a) (b)

    25,887        190,269   

Atara Biotherapeutics, Inc. (a) (b)

    11,963        255,889   

Avexis, Inc. (a)

    2,726        112,338   

Axovant Sciences, Ltd. (a) (b)

    13,161        184,254   

Bellicum Pharmaceuticals, Inc. (a)

    11,404        226,940   

BioCryst Pharmaceuticals, Inc. (a)

    42,881        189,105   

BioSpecifics Technologies Corp. (a)

    3,039        138,791   

BioTime, Inc. (a) (b)

    39,767        155,091   

Bluebird Bio, Inc. (a) (b)

    18,261        1,237,731   

Blueprint Medicines Corp. (a)

    10,512        312,206   

Celldex Therapeutics, Inc. (a) (b)

    47,742        192,878   

Cepheid, Inc. (a)

    35,601        1,875,817   

Chimerix, Inc. (a)

    24,745        137,087   

Clovis Oncology, Inc. (a)

    16,535        596,087   

Coherus Biosciences, Inc. (a) (b)

    15,243        408,208   

Curis, Inc. (a)

    63,039        164,532   

Cytokinetics, Inc. (a)

    18,716        171,813   

CytomX Therapeutics, Inc. (a)

    11,599        181,872   

Dynavax Technologies Corp. (a) (b)

    17,634        184,981   

Eagle Pharmaceuticals, Inc. (a) (b)

    4,073        285,110   

Biotechnology—(Continued)

  

Emergent BioSolutions, Inc. (a)

    15,717      495,557   

Enanta Pharmaceuticals, Inc. (a)

    7,598        202,183   

Epizyme, Inc. (a)

    20,920        205,853   

Esperion Therapeutics, Inc. (a)

    8,111        112,337   

Exact Sciences Corp. (a)

    50,476        937,339   

Exelixis, Inc. (a)

    111,773        1,429,577   

FibroGen, Inc. (a)

    24,972        516,920   

Five Prime Therapeutics, Inc. (a)

    13,422        704,521   

Flexion Therapeutics, Inc. (a)

    12,372        241,749   

Foundation Medicine, Inc. (a)

    7,156        167,093   

Genomic Health, Inc. (a)

    8,810        254,785   

Geron Corp. (a) (b)

    75,588        170,829   

Global Blood Therapeutics, Inc. (a) (b)

    7,789        179,536   

Halozyme Therapeutics, Inc. (a) (b)

    51,119        617,518   

Heron Therapeutics, Inc. (a) (b)

    18,692        322,063   

Idera Pharmaceuticals, Inc. (a)

    49,963        127,905   

ImmunoGen, Inc. (a) (b)

    48,008        128,661   

Immunomedics, Inc. (a) (b)

    49,803        161,860   

Inovio Pharmaceuticals, Inc. (a) (b)

    36,297        338,288   

Insmed, Inc. (a)

    30,343        440,580   

Insys Therapeutics, Inc. (a) (b)

    11,118        131,081   

Invitae Corp. (a)

    12,918        113,162   

Ironwood Pharmaceuticals, Inc. (a)

    63,682        1,011,270   

Karyopharm Therapeutics, Inc. (a)

    13,335        129,750   

Keryx Biopharmaceuticals, Inc. (a) (b)

    50,118        266,127   

Kite Pharma, Inc. (a) (b)

    19,210        1,073,071   

La Jolla Pharmaceutical Co. (a)

    6,436        153,112   

Lexicon Pharmaceuticals, Inc. (a) (b)

    23,843        430,843   

Ligand Pharmaceuticals, Inc. (a) (b)

    9,331        952,322   

Lion Biotechnologies, Inc. (a)

    25,388        208,943   

Loxo Oncology, Inc. (a) (b)

    7,131        186,690   

MacroGenics, Inc. (a)

    14,803        442,758   

MannKind Corp. (a) (b)

    169,958        105,374   

MediciNova, Inc. (a)

    16,493        123,533   

Merrimack Pharmaceuticals, Inc. (a) (b)

    64,388        408,864   

MiMedx Group, Inc. (a) (b)

    48,233        413,839   

Minerva Neurosciences, Inc. (a) (b)

    10,917        154,093   

Momenta Pharmaceuticals, Inc. (a)

    32,218        376,628   

Myriad Genetics, Inc. (a)

    33,438        688,154   

Natera, Inc. (a)

    13,813        153,462   

NewLink Genetics Corp. (a)

    11,288        169,546   

Novavax, Inc. (a) (b)

    138,764        288,629   

OncoMed Pharmaceuticals, Inc. (a)

    9,560        109,271   

Ophthotech Corp. (a)

    15,006        692,227   

Organovo Holdings, Inc. (a) (b)

    45,372        171,960   

Otonomy, Inc. (a)

    12,561        228,485   

OvaScience, Inc. (a) (b)

    18,222        130,470   

PDL BioPharma, Inc.

    77,531        259,729   

Portola Pharmaceuticals, Inc. (a)

    23,603        536,024   

Progenics Pharmaceuticals, Inc. (a)

    32,263        204,225   

Prothena Corp. plc (a)

    16,405        983,808   

PTC Therapeutics, Inc. (a)

    15,786        221,162   

Puma Biotechnology, Inc. (a)

    12,406        831,822   

Radius Health, Inc. (a)

    15,372        831,471   

Raptor Pharmaceutical Corp. (a) (b)

    39,815        357,141   

REGENXBIO, Inc. (a) (b)

    11,312        158,481   

 

MSF-225


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Biotechnology—(Continued)

  

Repligen Corp. (a)

    15,913      $ 480,413   

Retrophin, Inc. (a)

    16,403        367,099   

Rigel Pharmaceuticals, Inc. (a)

    44,752        164,240   

Sage Therapeutics, Inc. (a)

    14,728        678,224   

Sangamo Biosciences, Inc. (a)

    31,616        146,382   

Sarepta Therapeutics, Inc. (a) (b)

    21,304        1,308,279   

Seres Therapeutics, Inc. (a) (b)

    9,150        112,454   

Sorrento Therapeutics, Inc. (a)

    14,314        110,790   

Spark Therapeutics, Inc. (a) (b)

    9,557        573,993   

Spectrum Pharmaceuticals, Inc. (a)

    40,647        189,821   

Synergy Pharmaceuticals, Inc. (a) (b)

    91,913        506,441   

TESARO, Inc. (a) (b)

    12,733        1,276,356   

TG Therapeutics, Inc. (a) (b)

    16,876        130,620   

Tobira Therapeutics, Inc. (a)

    4,660        185,188   

Trevena, Inc. (a)

    24,287        163,937   

Ultragenyx Pharmaceutical, Inc. (a)

    17,507        1,241,947   

Vanda Pharmaceuticals, Inc. (a)

    20,273        337,343   

Versartis, Inc. (a)

    12,818        157,021   

XBiotech, Inc. (a) (b)

    9,412        126,686   

Xencor, Inc. (a)

    16,674        408,346   

ZIOPHARM Oncology, Inc. (a) (b)

    61,375        345,541   
   

 

 

 
      43,961,679   
   

 

 

 

Building Products—1.1%

  

AAON, Inc.

    19,095        550,318   

Advanced Drainage Systems, Inc.

    15,729        378,440   

American Woodmark Corp. (a)

    6,699        539,738   

Apogee Enterprises, Inc.

    13,684        611,538   

Armstrong Flooring, Inc. (a)

    11,681        220,537   

Builders FirstSource, Inc. (a)

    41,041        472,382   

Caesarstone, Ltd. (a)

    11,687        440,717   

Continental Building Products, Inc. (a)

    17,313        363,400   

CSW Industrials, Inc. (a)

    6,168        199,782   

Gibraltar Industries, Inc. (a)

    14,856        551,900   

Griffon Corp.

    14,438        245,590   

Insteel Industries, Inc.

    9,958        360,878   

Masonite International Corp. (a)

    14,468        899,476   

NCI Building Systems, Inc. (a)

    13,110        191,275   

Patrick Industries, Inc. (a)

    7,120        440,870   

PGT, Inc. (a)

    22,494        240,011   

Ply Gem Holdings, Inc. (a)

    11,295        150,901   

Quanex Building Products Corp.

    17,697        305,450   

Simpson Manufacturing Co., Inc.

    19,498        856,937   

Trex Co., Inc. (a)

    14,671        861,481   

Universal Forest Products, Inc.

    9,556        941,171   
   

 

 

 
      9,822,792   
   

 

 

 

Capital Markets—1.2%

  

Arlington Asset Investment Corp. - Class A (b)

    10,056        148,728   

BGC Partners, Inc. - Class A

    106,454        931,472   

Cohen & Steers, Inc.

    9,693        414,376   

Cowen Group, Inc. - Class A (a)

    52,786        191,613   

Diamond Hill Investment Group, Inc.

    1,546        285,685   

Evercore Partners, Inc. -
Class A

    19,079        982,759   

Financial Engines, Inc.

    25,168        747,741   

Gain Capital Holdings, Inc.

    20,006        123,637   

Capital Markets—(Continued)

  

Greenhill & Co., Inc.

    13,790      325,030   

Houlihan Lokey, Inc.

    5,655        141,658   

International FCStone, Inc. (a)

    7,668        297,902   

Investment Technology Group, Inc.

    17,949        307,646   

Janus Capital Group, Inc.

    67,529        946,081   

KCG Holdings, Inc. - Class A (a)

    26,254        407,725   

Ladenburg Thalmann Financial Services, Inc. (a) (b)

    51,479        118,916   

Moelis & Co. - Class A

    8,425        226,548   

OM Asset Management plc

    20,265        281,886   

Piper Jaffray Cos. (a)

    7,063        341,143   

PJT Partners, Inc. - Class A

    7,794        212,542   

Safeguard Scientifics, Inc. (a)

    10,084        130,689   

Stifel Financial Corp. (a)

    31,775        1,221,749   

Virtu Financial, Inc. - Class A

    12,905        193,188   

Virtus Investment Partners, Inc.

    2,481        242,791   

Waddell & Reed Financial, Inc. - Class A

    38,993        708,113   

Westwood Holdings Group, Inc.

    4,941        262,417   

WisdomTree Investments, Inc. (b)

    53,688        552,450   
   

 

 

 
      10,744,485   
   

 

 

 

Chemicals—2.4%

  

A. Schulman, Inc.

    12,704        369,940   

American Vanguard Corp.

    14,887        239,085   

Balchem Corp.

    15,291        1,185,511   

Calgon Carbon Corp.

    26,333        399,472   

Chase Corp.

    3,533        244,201   

Chemours Co. (The)

    89,108        1,425,728   

Chemtura Corp. (a)

    31,150        1,022,031   

Ferro Corp. (a)

    40,624        561,017   

Flotek Industries, Inc. (a) (b)

    28,523        414,724   

FutureFuel Corp.

    10,195        115,000   

GCP Applied Technologies, Inc. (a)

    34,475        976,332   

Hawkins, Inc.

    4,778        207,031   

HB Fuller Co.

    23,919        1,111,516   

Ingevity Corp. (a)

    20,745        956,344   

Innophos Holdings, Inc.

    9,884        385,773   

Innospec, Inc.

    11,303        687,335   

KMG Chemicals, Inc.

    5,294        149,979   

Koppers Holdings, Inc. (a)

    10,265        330,328   

Kraton Performance Polymers, Inc. (a)

    14,021        491,296   

Minerals Technologies, Inc.

    16,456        1,163,275   

Olin Corp.

    80,173        1,645,150   

OMNOVA Solutions, Inc. (a)

    22,821        192,609   

PolyOne Corp.

    39,392        1,331,843   

Quaker Chemical Corp.

    6,591        698,185   

Rayonier Advanced Materials, Inc.

    19,176        256,383   

Sensient Technologies Corp.

    20,810        1,577,398   

Stepan Co.

    9,222        670,071   

TerraVia Holdings, Inc. (a) (b)

    47,576        130,834   

Trecora Resources (a)

    10,819        123,553   

Tredegar Corp.

    13,367        248,493   

Trinseo S.A.

    14,013        792,575   

Tronox, Ltd. - Class A

    30,359        284,464   
   

 

 

 
      20,387,476   
   

 

 

 

 

MSF-226


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Commercial Services & Supplies—2.2%

  

ABM Industries, Inc.

    25,771      $ 1,023,109   

ACCO Brands Corp. (a)

    52,031        501,579   

Brady Corp. - Class A

    22,732        786,754   

Brink’s Co. (The)

    21,829        809,419   

Casella Waste Systems, Inc. - Class A (a)

    20,153        207,576   

Ceco Environmental Corp.

    14,983        169,008   

Deluxe Corp.

    23,575        1,575,281   

Ennis, Inc.

    14,123        237,973   

Essendant, Inc.

    18,301        375,536   

G&K Services, Inc. - Class A

    9,849        940,481   

Healthcare Services Group, Inc.

    33,776        1,336,854   

Herman Miller, Inc.

    28,305        809,523   

HNI Corp.

    22,606        899,719   

InnerWorkings, Inc. (a)

    18,741        176,540   

Interface, Inc.

    31,333        522,948   

Kimball International, Inc. - Class B

    16,738        216,590   

Knoll, Inc.

    23,781        543,396   

Matthews International Corp. - Class A

    15,251        926,651   

McGrath RentCorp

    10,515        333,431   

Mobile Mini, Inc.

    20,245        611,399   

MSA Safety, Inc.

    15,204        882,440   

Multi-Color Corp.

    6,168        407,088   

Quad/Graphics, Inc.

    13,076        349,391   

SP Plus Corp. (a)

    8,683        222,024   

Steelcase, Inc. - Class A

    42,340        588,103   

Team, Inc. (a)

    14,183        463,926   

Tetra Tech, Inc. (e)

    27,830        987,130   

U.S. Ecology, Inc.

    10,067        451,404   

UniFirst Corp.

    7,187        947,678   

Viad Corp.

    8,932        329,323   

VSE Corp.

    4,190        142,418   

West Corp.

    20,298        448,180   
   

 

 

 
      19,222,872   
   

 

 

 

Communications Equipment—1.8%

  

ADTRAN, Inc.

    24,190        462,997   

Applied Optoelectronics, Inc. (a) (b)

    8,622        191,495   

Bel Fuse, Inc. - Class B

    4,719        113,917   

Black Box Corp.

    8,122        112,896   

CalAmp Corp. (a)

    19,380        270,351   

Calix, Inc. (a)

    19,494        143,281   

Ciena Corp. (a)

    66,636        1,452,665   

Clearfield, Inc. (a) (b)

    6,024        113,251   

Comtech Telecommunications Corp.

    11,475        146,995   

Digi International, Inc. (a)

    12,500        142,500   

Extreme Networks, Inc. (a)

    50,414        226,359   

Finisar Corp. (a)

    50,382        1,501,383   

Harmonic, Inc. (a)

    42,437        251,651   

Infinera Corp. (a)

    66,643        601,786   

InterDigital, Inc.

    17,110        1,355,112   

Ixia (a)

    28,748        359,350   

Lumentum Holdings, Inc. (a)

    24,695        1,031,510   

NETGEAR, Inc. (a)

    14,969        905,475   

NetScout Systems, Inc. (a)

    43,077        1,260,002   

Oclaro, Inc. (a)

    49,350        421,942   

Plantronics, Inc.

    15,665        813,953   

Communications Equipment—(Continued)

  

ShoreTel, Inc. (a)

    28,961      231,688   

Silicom, Ltd.

    2,937        121,592   

Sonus Networks, Inc. (a)

    24,015        186,837   

Ubiquiti Networks, Inc. (a) (b)

    12,458        666,503   

ViaSat, Inc. (a)

    21,021        1,569,218   

Viavi Solutions, Inc. (a)

    114,315        844,788   
   

 

 

 
      15,499,497   
   

 

 

 

Construction & Engineering—0.8%

  

Aegion Corp. (a)

    17,495        333,630   

Argan, Inc.

    6,140        363,427   

Comfort Systems USA, Inc.

    17,796        521,601   

Dycom Industries, Inc. (a)

    14,939        1,221,711   

EMCOR Group, Inc.

    29,573        1,763,142   

Granite Construction, Inc.

    19,068        948,442   

Great Lakes Dredge & Dock Corp. (a)

    30,133        105,466   

MasTec, Inc. (a)

    32,059        953,435   

MYR Group, Inc. (a)

    6,874        206,907   

NV5 Global, Inc. (a)

    3,969        128,238   

Primoris Services Corp.

    17,845        367,607   

Tutor Perini Corp. (a)

    19,192        412,052   
   

 

 

 
      7,325,658   
   

 

 

 

Construction Materials—0.2%

  

Headwaters, Inc. (a)

    34,173        578,207   

Summit Materials, Inc. - Class A (a)

    37,026        686,833   

U.S. Concrete, Inc. (a)

    7,217        332,451   
   

 

 

 
      1,597,491   
   

 

 

 

Consumer Finance—0.5%

  

Encore Capital Group, Inc. (a)

    12,804        287,834   

Enova International, Inc. (a)

    13,048        126,305   

EZCORP, Inc. - Class A (a)

    25,543        282,506   

FirstCash, Inc.

    22,224        1,046,306   

Green Dot Corp. - Class A (a)

    21,594        497,958   

LendingClub Corp. (a) (b)

    161,286        996,747   

Nelnet, Inc. - Class A

    9,125        368,376   

PRA Group, Inc. (a)

    22,334        771,416   

Regional Management Corp. (a)

    5,771        124,942   

World Acceptance Corp. (a)

    3,560        174,582   
   

 

 

 
      4,676,972   
   

 

 

 

Containers & Packaging—0.1%

  

AEP Industries, Inc.

    1,974        215,896   

Greif, Inc. - Class A

    12,112        600,634   

Greif, Inc. - Class B (b)

    2,277        137,963   

Multi Packaging Solutions International, Ltd. (a)

    9,350        134,734   

Myers Industries, Inc.

    13,337        173,248   
   

 

 

 
      1,262,475   
   

 

 

 

Distributors—0.1%

  

Core-Mark Holding Co., Inc.

    22,876        818,961   
   

 

 

 

Diversified Consumer Services—0.9%

  

American Public Education, Inc. (a)

    8,921        176,725   

 

MSF-227


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Consumer Services—(Continued)

  

Apollo Education Group, Inc. (a)

    44,173      $ 351,175   

Ascent Capital Group, Inc. - Class A (a)

    5,335        123,612   

Bright Horizons Family Solutions, Inc. (a)

    21,377        1,429,908   

Capella Education Co.

    5,633        326,939   

Career Education Corp. (a)

    35,115        238,431   

Carriage Services, Inc.

    9,414        222,641   

Chegg, Inc. (a)

    36,609        259,558   

DeVry Education Group, Inc. (b)

    29,702        684,928   

Grand Canyon Education, Inc. (a)

    22,843        922,629   

Houghton Mifflin Harcourt Co. (a)

    59,125        792,866   

K12, Inc. (a)

    17,337        248,786   

LifeLock, Inc. (a)

    38,744        655,548   

Regis Corp. (a)

    18,180        228,159   

Sotheby’s (b)

    23,893        908,412   

Strayer Education, Inc. (a)

    5,524        257,860   

Weight Watchers International, Inc. (a) (b)

    13,493        139,248   
   

 

 

 
      7,967,425   
   

 

 

 

Diversified Financial Services—0.1%

  

FNFV Group (a)

    30,326        378,468   

NewStar Financial, Inc. (a)

    12,166        118,132   

On Deck Capital, Inc. (a) (b)

    25,577        145,789   

PICO Holdings, Inc. (a)

    12,147        143,213   
   

 

 

 
      785,602   
   

 

 

 

Diversified Telecommunication Services—0.6%

  

ATN International, Inc.

    4,754        309,200   

Cincinnati Bell, Inc. (a)

    97,588        398,159   

Cogent Communications Holdings, Inc.

    19,575        720,556   

Consolidated Communications Holdings, Inc.

    24,229        611,540   

FairPoint Communications, Inc. (a)

    11,602        174,378   

General Communication, Inc. - Class A (a)

    16,537        227,384   

Globalstar, Inc. (a) (b)

    221,510        268,027   

IDT Corp. - Class B

    8,438        145,471   

Inteliquent, Inc.

    16,025        258,644   

Iridium Communications, Inc. (a) (b)

    38,356        311,067   

Lumos Networks Corp. (a)

    8,396        117,544   

ORBCOMM, Inc. (a)

    31,662        324,535   

pdvWireless, Inc. (a)

    3,369        77,150   

Straight Path Communications, Inc. - Class B (a) (b)

    4,955        126,898   

Vonage Holdings Corp. (a)

    86,416        571,210   

Windstream Holdings, Inc. (b)

    47,088        473,234   
   

 

 

 
      5,114,997   
   

 

 

 

Electric Utilities—1.1%

  

ALLETE, Inc.

    23,439        1,397,433   

El Paso Electric Co.

    18,779        878,294   

Empire District Electric Co. (The)

    22,766        777,231   

IDACORP, Inc.

    24,442        1,913,320   

MGE Energy, Inc.

    16,879        953,832   

Otter Tail Corp.

    18,873        652,817   

PNM Resources, Inc.

    38,721        1,266,951   

Portland General Electric Co.

    43,293        1,843,849   
   

 

 

 
      9,683,727   
   

 

 

 

Electrical Equipment—0.7%

  

Atkore International Group, Inc. (a)

    12,701      238,017   

AZZ, Inc.

    12,522        817,311   

Babcock & Wilcox Enterprises, Inc. (a)

    22,628        373,362   

Encore Wire Corp.

    10,537        387,446   

Energous Corp. (a) (b)

    7,743        151,840   

EnerSys

    21,009        1,453,613   

Generac Holdings, Inc. (a)

    30,218        1,096,913   

General Cable Corp.

    24,951        373,766   

LSI Industries, Inc.

    10,801        121,295   

Plug Power, Inc. (a) (b)

    84,766        144,950   

Powell Industries, Inc.

    4,404        176,380   

Sunrun, Inc. (a)

    34,164        215,233   

Thermon Group Holdings, Inc. (a)

    15,847        312,978   
   

 

 

 
      5,863,104   
   

 

 

 

Electronic Equipment, Instruments & Components—2.6%

  

Anixter International, Inc. (a)

    13,642        879,909   

AVX Corp.

    21,871        301,601   

Badger Meter, Inc.

    13,640        457,076   

Belden, Inc.

    19,822        1,367,520   

Benchmark Electronics, Inc. (a)

    24,418        609,229   

Coherent, Inc. (a)

    11,761        1,300,061   

Control4 Corp. (a)

    10,604        130,217   

CTS Corp.

    15,701        292,039   

Daktronics, Inc.

    18,513        176,614   

DTS, Inc.

    9,298        395,537   

ePlus, Inc. (a)

    2,743        258,967   

Fabrinet (a)

    17,507        780,637   

FARO Technologies, Inc. (a)

    8,551        307,408   

II-VI, Inc. (a)

    29,121        708,514   

Insight Enterprises, Inc. (a) (e)

    16,366        532,713   

InvenSense, Inc. (a)

    34,992        259,641   

Itron, Inc. (a)

    16,214        904,093   

Kimball Electronics, Inc. (a)

    14,109        195,551   

Knowles Corp. (a)

    43,119        605,822   

Littelfuse, Inc.

    10,673        1,374,789   

Mesa Laboratories, Inc.

    1,474        168,567   

Methode Electronics, Inc.

    17,959        628,026   

MTS Systems Corp.

    7,482        344,397   

Novanta, Inc. (a)

    13,298        230,720   

OSI Systems, Inc. (a)

    7,869        514,475   

Park Electrochemical Corp.

    10,569        183,584   

PC Connection, Inc.

    5,366        141,770   

Plexus Corp. (a) (e)

    15,422        721,441   

Rofin-Sinar Technologies, Inc. (a)

    13,337        429,185   

Rogers Corp. (a)

    8,965        547,582   

Sanmina Corp. (a)

    35,180        1,001,575   

ScanSource, Inc. (a)

    10,918        398,507   

SYNNEX Corp.

    14,237        1,624,584   

Tech Data Corp. (a)

    16,978        1,438,206   

TTM Technologies, Inc. (a)

    35,998        412,177   

Universal Display Corp. (a)

    20,124        1,117,083   

Vishay Intertechnology, Inc.

    66,423        935,900   

Vishay Precision Group, Inc. (a)

    6,515        104,435   
   

 

 

 
      22,780,152   
   

 

 

 

 

MSF-228


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—1.0%

  

Archrock, Inc.

    34,795      $ 455,119   

Atwood Oceanics, Inc. (b)

    30,662        266,453   

Bristow Group, Inc.

    17,044        238,957   

CARBO Ceramics, Inc. (b)

    13,695        149,823   

Exterran Corp. (a)

    14,849        232,832   

Fairmount Santrol Holdings, Inc. (a) (b)

    38,015        322,367   

Forum Energy Technologies, Inc. (a)

    29,182        579,555   

Geospace Technologies Corp. (a)

    8,328        162,229   

Helix Energy Solutions Group, Inc. (a)

    51,612        419,606   

Matrix Service Co. (a)

    14,196        266,317   

McDermott International, Inc. (a)

    116,414        583,234   

Natural Gas Services Group, Inc. (a)

    6,643        163,351   

Newpark Resources, Inc. (a)

    44,365        326,526   

Oil States International, Inc. (a)

    24,545        774,886   

Parker Drilling Co. (a)

    59,681        129,508   

PHI, Inc. (a)

    6,426        116,760   

Pioneer Energy Services Corp. (a)

    42,051        169,886   

SEACOR Holdings, Inc. (a)

    7,977        474,552   

Seadrill, Ltd. (a) (b)

    188,659        447,122   

Tesco Corp.

    19,926        162,596   

TETRA Technologies, Inc. (a)

    41,173        251,567   

U.S. Silica Holdings, Inc.

    30,347        1,412,956   

Unit Corp. (a)

    24,655        458,583   
   

 

 

 
      8,564,785   
   

 

 

 

Equity Real Estate Investment Trusts—7.5%

  

Acadia Realty Trust

    38,553        1,397,161   

Agree Realty Corp.

    11,290        558,178   

Alexander’s, Inc.

    1,029        431,768   

American Assets Trust, Inc.

    19,187        832,332   

Armada Hoffler Properties, Inc.

    19,662        263,471   

Ashford Hospitality Prime, Inc.

    14,521        204,746   

Ashford Hospitality Trust, Inc.

    39,201        230,894   

Bluerock Residential Growth REIT, Inc.

    9,427        122,551   

CareTrust REIT, Inc.

    27,942        412,983   

CatchMark Timber Trust, Inc. - Class A

    19,002        222,133   

CBL & Associates Properties, Inc.

    82,772        1,004,852   

Cedar Realty Trust, Inc.

    37,954        273,269   

Chatham Lodging Trust

    18,798        361,861   

Chesapeake Lodging Trust

    28,075        642,917   

City Office REIT, Inc. (b)

    10,122        128,853   

Colony Starwood Homes

    31,797        912,574   

Community Healthcare Trust, Inc.

    6,730        147,522   

CorEnergy Infrastructure Trust, Inc.

    5,980        175,393   

CoreSite Realty Corp.

    16,325        1,208,703   

Cousins Properties, Inc.

    98,750        1,030,950   

DiamondRock Hospitality Co.

    101,168        920,629   

DuPont Fabros Technology, Inc.

    36,270        1,496,137   

Easterly Government Properties, Inc.

    16,288        310,775   

EastGroup Properties, Inc.

    15,137        1,113,478   

Education Realty Trust, Inc.

    35,414        1,527,760   

FelCor Lodging Trust, Inc.

    66,829        429,710   

First Industrial Realty Trust, Inc.

    56,517        1,594,910   

First Potomac Realty Trust

    27,829        254,635   

Four Corners Property Trust, Inc.

    29,818        636,018   

Franklin Street Properties Corp.

    48,177        607,030   

Equity Real Estate Investment Trusts—(Continued)

  

Geo Group, Inc. (The) (b)

    35,110      834,916   

Getty Realty Corp.

    13,449        321,835   

Gladstone Commercial Corp.

    10,038        187,008   

Global Net Lease, Inc. (b)

    80,310        655,330   

Government Properties Income Trust

    33,503        757,838   

Gramercy Property Trust

    205,223        1,978,350   

Healthcare Realty Trust, Inc.

    55,310        1,883,859   

Hersha Hospitality Trust

    21,188        381,808   

Hudson Pacific Properties, Inc.

    45,412        1,492,692   

Independence Realty Trust, Inc. (b)

    21,185        190,665   

InfraREIT, Inc. (a)

    19,986        362,546   

Investors Real Estate Trust

    56,725        337,514   

iStar, Inc. (a)

    31,393        336,847   

Kite Realty Group Trust

    38,990        1,080,803   

LaSalle Hotel Properties

    53,022        1,265,635   

Lexington Realty Trust

    112,246        1,156,134   

LTC Properties, Inc.

    17,896        930,413   

Mack-Cali Realty Corp.

    43,539        1,185,132   

Medical Properties Trust, Inc.

    114,839        1,696,172   

Monmouth Real Estate Investment Corp.

    28,489        406,538   

Monogram Residential Trust, Inc.

    82,552        878,353   

National Health Investors, Inc.

    17,654        1,385,486   

National Storage Affiliates Trust

    17,510        366,659   

New Senior Investment Group, Inc.

    40,485        467,197   

New York REIT, Inc.

    81,130        742,339   

NexPoint Residential Trust, Inc.

    9,072        178,356   

NorthStar Realty Europe Corp.

    30,012        328,631   

One Liberty Properties, Inc.

    6,290        151,966   

Parkway Properties, Inc.

    38,318        651,789   

Pebblebrook Hotel Trust

    33,791        898,841   

Pennsylvania Real Estate Investment Trust

    32,570        750,087   

Physicians Realty Trust

    63,878        1,375,932   

Potlatch Corp.

    19,692        765,822   

Preferred Apartment Communities, Inc. - Class A

    11,149        150,623   

PS Business Parks, Inc.

    9,635        1,094,247   

QTS Realty Trust, Inc. - Class A

    22,822        1,206,143   

RAIT Financial Trust

    39,654        134,031   

Ramco-Gershenson Properties Trust

    37,976        711,670   

Retail Opportunity Investments Corp.

    52,344        1,149,474   

Rexford Industrial Realty, Inc.

    31,246        715,221   

RLJ Lodging Trust

    58,062        1,221,044   

Ryman Hospitality Properties, Inc.

    20,440        984,390   

Sabra Health Care REIT, Inc.

    29,659        746,814   

Saul Centers, Inc.

    4,228        281,585   

Select Income REIT

    31,114        836,967   

Seritage Growth Properties - Class A (b)

    11,383        576,890   

Silver Bay Realty Trust Corp.

    16,953        297,186   

STAG Industrial, Inc.

    33,732        826,771   

Summit Hotel Properties, Inc.

    40,984        539,349   

Sunstone Hotel Investors, Inc.

    105,917        1,354,678   

Terreno Realty Corp.

    20,992        577,490   

Tier REIT, Inc.

    22,342        344,960   

UMH Properties, Inc.

    11,462        136,627   

Universal Health Realty Income Trust

    6,109        384,989   

Urban Edge Properties

    43,765        1,231,547   

Urstadt Biddle Properties, Inc. - Class A

    13,207        293,460   

Washington Prime Group, Inc.

    90,826        1,124,426   

 

MSF-229


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Equity Real Estate Investment Trusts—(Continued)

  

Washington Real Estate Investment Trust

    34,947      $ 1,087,551   

Whitestone REIT

    16,717        232,032   

Xenia Hotels & Resorts, Inc.

    53,296        809,033   
   

 

 

 
      64,886,884   
   

 

 

 

Food & Staples Retailing—0.5%

  

Andersons, Inc. (The)

    13,251        479,421   

Chefs’ Warehouse, Inc. (The) (a)

    8,577        95,548   

Ingles Markets, Inc. - Class A

    6,173        244,080   

Performance Food Group Co. (a)

    18,393        456,146   

Pricesmart, Inc.

    9,802        821,016   

Smart & Final Stores, Inc. (a) (b)

    12,072        154,159   

SpartanNash Co.

    16,917        489,240   

SUPERVALU, Inc. (a)

    122,481        611,180   

United Natural Foods, Inc. (a)

    23,843        954,674   

Village Super Market, Inc. - Class A

    3,674        117,605   

Weis Markets, Inc.

    4,490        237,970   
   

 

 

 
      4,661,039   
   

 

 

 

Food Products—1.4%

  

AdvancePierre Foods Holdings, Inc.

    15,041        414,530   

Amplify Snack Brands, Inc. (a) (b)

    14,688        237,946   

B&G Foods, Inc.

    31,647        1,556,399   

Cal-Maine Foods, Inc. (b)

    14,936        575,633   

Calavo Growers, Inc.

    7,353        481,107   

Darling Ingredients, Inc. (a)

    78,508        1,060,643   

Dean Foods Co.

    44,397        728,111   

Farmer Bros Co. (a)

    3,967        141,027   

Fresh Del Monte Produce, Inc.

    15,644        937,076   

Freshpet, Inc. (a) (b)

    10,616        91,828   

J&J Snack Foods Corp.

    6,995        833,244   

John B Sanfilippo & Son, Inc.

    4,642        238,274   

Lancaster Colony Corp.

    9,036        1,193,565   

Landec Corp. (a)

    14,010        187,874   

Limoneira Co. (b)

    6,121        115,687   

Omega Protein Corp. (a)

    11,349        265,226   

Sanderson Farms, Inc. (b)

    9,453        910,608   

Seaboard Corp. (a)

    132        454,080   

Snyder’s-Lance, Inc.

    39,103        1,313,079   

Tootsie Roll Industries, Inc. (b)

    9,390        345,834   
   

 

 

 
      12,081,771   
   

 

 

 

Gas Utilities—1.1%

  

Chesapeake Utilities Corp.

    6,975        425,894   

New Jersey Resources Corp.

    41,016        1,347,786   

Northwest Natural Gas Co.

    13,257        796,878   

ONE Gas, Inc.

    24,719        1,528,623   

South Jersey Industries, Inc.

    37,607        1,111,287   

Southwest Gas Corp.

    22,906        1,600,213   

Spire, Inc.

    21,579        1,375,445   

WGL Holdings, Inc.

    24,423        1,531,322   
   

 

 

 
      9,717,448   
   

 

 

 

Health Care Equipment & Supplies—3.2%

  

Abaxis, Inc.

    11,146        575,357   

Health Care Equipment & Supplies—(Continued)

  

Accuray, Inc. (a) (b)

    37,218      237,079   

Analogic Corp.

    6,383        565,534   

AngioDynamics, Inc. (a)

    13,423        235,439   

Anika Therapeutics, Inc. (a)

    7,087        339,113   

AtriCure, Inc. (a)

    16,270        257,391   

Atrion Corp.

    822        350,665   

AxoGen, Inc. (a)

    13,718        123,874   

Cantel Medical Corp.

    16,951        1,321,839   

Cardiovascular Systems, Inc. (a)

    14,951        354,937   

Cerus Corp. (a) (b)

    58,326        362,204   

ConforMIS, Inc. (a)

    19,621        194,640   

CONMED Corp.

    14,604        585,036   

CryoLife, Inc.

    17,220        302,555   

Cynosure, Inc. - Class A (a)

    11,463        583,925   

Endologix, Inc. (a) (b)

    44,063        564,006   

Exactech, Inc. (a)

    5,785        156,369   

GenMark Diagnostics, Inc. (a)

    19,362        228,472   

Glaukos Corp. (a)

    8,646        326,300   

Globus Medical, Inc. - Class A (a)

    34,489        778,417   

Haemonetics Corp. (a)

    23,946        867,085   

Halyard Health, Inc. (a)

    23,074        799,745   

ICU Medical, Inc. (a)

    7,246        915,750   

Inogen, Inc. (a)

    7,470        447,453   

Insulet Corp. (a)

    27,643        1,131,704   

Integer Holdings Corp. (a)

    15,275        331,315   

Integra LifeSciences Holdings Corp. (a)

    14,525        1,199,039   

Invacare Corp.

    15,930        177,938   

InVivo Therapeutics Holdings Corp. (a) (b)

    18,522        125,950   

K2M Group Holdings, Inc. (a)

    13,487        239,799   

LeMaitre Vascular, Inc.

    7,651        151,796   

Masimo Corp. (a)

    19,860        1,181,471   

Meridian Bioscience, Inc.

    22,552        435,028   

Merit Medical Systems, Inc. (a)

    21,638        525,587   

Natus Medical, Inc. (a)

    16,472        647,185   

Neogen Corp. (a)

    17,828        997,298   

Nevro Corp. (a)

    11,810        1,232,846   

Novocure, Ltd. (a)

    25,960        221,698   

NuVasive, Inc. (a)

    24,181        1,611,906   

NxStage Medical, Inc. (a)

    30,508        762,395   

OraSure Technologies, Inc. (a)

    29,491        235,043   

Orthofix International NV (a)

    9,598        410,506   

Oxford Immunotec Global plc (a) (b)

    12,520        157,251   

Penumbra, Inc. (a)

    12,555        954,054   

Quidel Corp. (a)

    13,903        307,117   

Rockwell Medical, Inc. (a) (b)

    30,372        203,492   

Spectranetics Corp. (The) (a)

    21,548        540,639   

STAAR Surgical Co. (a) (b)

    19,419        182,539   

SurModics, Inc. (a)

    6,159        185,324   

Utah Medical Products, Inc.

    2,002        119,720   

Vascular Solutions, Inc. (a)

    8,462        408,122   

Wright Medical Group NV (a)

    50,705        1,243,794   

Zeltiq Aesthetics, Inc. (a) (b)

    17,712        694,665   
   

 

 

 
      28,088,406   
   

 

 

 

Health Care Providers & Services—2.2%

  

Aceto Corp.

    15,842        300,840   

Addus HomeCare Corp. (a)

    4,191        109,637   

 

MSF-230


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Providers & Services—(Continued)

  

Adeptus Health, Inc. - Class A (a) (b)

    6,300      $ 271,215   

Air Methods Corp. (a) (b)

    18,730        589,808   

Almost Family, Inc. (a)

    4,667        171,606   

Amedisys, Inc. (a)

    13,972        662,832   

AMN Healthcare Services, Inc. (a)

    23,983        764,338   

BioScrip, Inc. (a)

    61,605        178,038   

BioTelemetry, Inc. (a)

    15,006        278,661   

Capital Senior Living Corp. (a)

    14,260        239,568   

Chemed Corp.

    7,919        1,117,133   

Civitas Solutions, Inc. (a)

    6,456        117,887   

Community Health Systems, Inc. (a) (b)

    54,438        628,214   

Corvel Corp. (a)

    5,325        204,480   

Cross Country Healthcare, Inc. (a)

    16,495        194,311   

Diplomat Pharmacy, Inc. (a) (b)

    22,308        624,847   

Ensign Group, Inc. (The)

    24,374        490,649   

HealthEquity, Inc. (a)

    21,384        809,384   

HealthSouth Corp.

    42,354        1,718,302   

Healthways, Inc. (a)

    16,239        429,684   

Kindred Healthcare, Inc.

    40,056        409,372   

Landauer, Inc.

    5,165        229,739   

LHC Group, Inc. (a)

    6,847        252,517   

Magellan Health, Inc. (a)

    12,415        667,058   

Molina Healthcare, Inc. (a)

    21,194        1,236,034   

National Healthcare Corp.

    5,246        346,184   

Owens & Minor, Inc.

    31,238        1,084,896   

PharMerica Corp. (a)

    16,508        463,380   

Providence Service Corp. (The) (a)

    6,975        339,194   

RadNet, Inc. (a)

    21,044        155,726   

Select Medical Holdings Corp. (a)

    52,961        714,973   

Surgery Partners, Inc. (a)

    12,495        252,899   

Surgical Care Affiliates, Inc. (a)

    13,303        648,654   

Team Health Holdings, Inc. (a)

    32,172        1,047,520   

Teladoc, Inc. (a) (b)

    11,307        207,031   

Triple-S Management Corp. - Class B (a)

    12,074        264,783   

U.S. Physical Therapy, Inc.

    6,011        376,890   

Universal American Corp.

    21,072        161,201   
   

 

 

 
      18,759,485   
   

 

 

 

Health Care Technology—0.6%

  

Computer Programs & Systems, Inc. (b)

    5,856        152,607   

Cotiviti Holdings, Inc. (a)

    6,657        223,209   

Evolent Health, Inc. - Class A (a)

    7,002        172,389   

HealthStream, Inc. (a)

    12,016        331,642   

HMS Holdings Corp. (a)

    40,747        903,361   

Medidata Solutions, Inc. (a)

    26,132        1,457,120   

Omnicell, Inc. (a)

    16,746        641,372   

Press Ganey Holdings, Inc. (a)

    11,111        448,884   

Quality Systems, Inc.

    24,814        280,895   

Vocera Communications, Inc. (a)

    11,244        190,024   
   

 

 

 
      4,801,503   
   

 

 

 

Hotels, Restaurants & Leisure—2.8%

  

Belmond, Ltd. - Class A (a)

    38,098        484,226   

Biglari Holdings, Inc. (a)

    528        230,219   

BJ’s Restaurants, Inc. (a)

    11,541        410,283   

Bloomin’ Brands, Inc.

    57,635        993,627   

Hotels, Restaurants & Leisure—(Continued)

  

Bob Evans Farms, Inc.

    8,975      343,743   

Boyd Gaming Corp. (a)

    40,615        803,365   

Buffalo Wild Wings, Inc. (a)

    8,962        1,261,312   

Caesars Acquisition Co. - Class A (a)

    23,146        287,473   

Caesars Entertainment Corp. (a) (b)

    25,824        192,389   

Carrols Restaurant Group, Inc. (a)

    17,458        230,620   

Cheesecake Factory, Inc. (The)

    22,672        1,134,960   

Churchill Downs, Inc.

    6,613        967,813   

Chuy’s Holdings, Inc. (a)

    8,272        231,120   

ClubCorp Holdings, Inc.

    32,025        463,402   

Cracker Barrel Old Country Store, Inc. (b)

    9,084        1,201,087   

Dave & Buster’s Entertainment, Inc. (a)

    18,558        727,102   

Del Frisco’s Restaurant Group, Inc. (a)

    12,052        162,340   

Del Taco Restaurants, Inc. (a)

    10,164        121,155   

Denny’s Corp. (a)

    39,857        426,071   

DineEquity, Inc.

    8,597        680,796   

El Pollo Loco Holdings, Inc. (a) (b)

    10,816        136,173   

Eldorado Resorts, Inc. (a) (b)

    14,157        199,047   

Fiesta Restaurant Group, Inc. (a)

    13,371        320,904   

International Speedway Corp. - Class A

    12,935        432,288   

Interval Leisure Group, Inc.

    53,999        927,163   

Intrawest Resorts Holdings, Inc. (a) (b)

    8,831        143,239   

Isle of Capri Casinos, Inc. (a)

    12,013        267,650   

Jack in the Box, Inc.

    15,472        1,484,384   

La Quinta Holdings, Inc. (a)

    43,635        487,839   

Marcus Corp. (The)

    9,550        239,132   

Marriott Vacations Worldwide Corp.

    10,700        784,524   

Monarch Casino & Resort, Inc. (a)

    5,265        132,520   

Papa John’s International, Inc.

    13,488        1,063,529   

Penn National Gaming, Inc. (a)

    39,538        536,531   

Pinnacle Entertainment, Inc. (a)

    28,622        353,195   

Planet Fitness, Inc. - Class A (a)

    9,806        196,806   

Popeyes Louisiana Kitchen, Inc. (a)

    11,051        587,250   

Potbelly Corp. (a)

    12,520        155,624   

Red Robin Gourmet Burgers, Inc. (a)

    7,619        342,398   

Red Rock Resorts, Inc. - Class A

    13,488        318,182   

Ruth’s Hospitality Group, Inc.

    17,912        252,917   

Scientific Games Corp. - Class A (a) (b)

    23,377        263,459   

SeaWorld Entertainment, Inc.

    32,101        432,721   

Shake Shack, Inc. - Class A (a) (b)

    7,924        274,725   

Sonic Corp.

    24,157        632,430   

Speedway Motorsports, Inc.

    7,078        126,413   

Texas Roadhouse, Inc.

    31,030        1,211,101   

Wingstop, Inc. (b)

    8,064        236,275   

Zoe’s Kitchen, Inc. (a) (b)

    9,191        203,948   
   

 

 

 
      24,095,470   
   

 

 

 

Household Durables—1.3%

  

Bassett Furniture Industries, Inc.

    5,374        124,945   

Beazer Homes USA, Inc. (a)

    13,700        159,742   

Cavco Industries, Inc. (a)

    4,452        440,971   

Century Communities, Inc. (a)

    7,561        162,637   

CSS Industries, Inc.

    4,201        107,462   

Ethan Allen Interiors, Inc.

    12,159        380,212   

Flexsteel Industries, Inc.

    3,005        155,419   

GoPro, Inc. - Class A (a) (b)

    49,877        831,948   

 

MSF-231


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Durables—(Continued)

  

Helen of Troy, Ltd. (a)

    13,453      $ 1,159,245   

Hooker Furniture Corp.

    5,444        133,323   

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

    60,910        102,938   

Installed Building Products, Inc. (a)

    9,469        339,653   

iRobot Corp. (a)

    12,468        548,343   

KB Home

    41,097        662,484   

La-Z-Boy, Inc.

    24,718        607,074   

LGI Homes, Inc. (a) (b)

    8,210        302,456   

Libbey, Inc.

    10,247        182,909   

M/I Homes, Inc. (a)

    12,868        303,299   

MDC Holdings, Inc.

    19,869        512,620   

Meritage Homes Corp. (a)

    18,033        625,745   

NACCO Industries, Inc. - Class A

    2,176        147,881   

Taylor Morrison Home Corp. - Class A (a)

    15,532        273,363   

TopBuild Corp. (a)

    18,904        627,613   

TRI Pointe Group, Inc. (a)

    69,898        921,256   

Universal Electronics, Inc. (a)

    7,461        555,546   

WCI Communities, Inc. (a)

    11,203        265,735   

William Lyon Homes - Class A (a) (b)

    12,315        228,443   

ZAGG, Inc. (a)

    15,167        122,853   
   

 

 

 
      10,986,115   
   

 

 

 

Household Products—0.3%

  

Central Garden and Pet Co. (a)

    4,446        115,596   

Central Garden and Pet Co. - Class A (a)

    16,480        408,704   

HRG Group, Inc. (a)

    58,164        913,175   

Orchids Paper Products Co.

    5,348        145,626   

WD-40 Co.

    6,750        758,902   
   

 

 

 
      2,342,003   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.6%

  

Atlantic Power Corp.

    57,898        143,008   

Atlantica Yield plc

    28,653        544,694   

Dynegy, Inc. (a)

    59,317        734,938   

NRG Yield, Inc. - Class A

    16,087        262,540   

NRG Yield, Inc. - Class C

    29,107        493,655   

Ormat Technologies, Inc.

    18,869        913,448   

Pattern Energy Group, Inc. (b)

    30,133        677,691   

Talen Energy Corp. (a)

    38,673        535,621   

TerraForm Global, Inc. - Class A (a) (b)

    51,489        211,620   

TerraForm Power, Inc. - Class A (a)

    44,539        619,537   
   

 

 

 
      5,136,752   
   

 

 

 

Industrial Conglomerates—0.0%

  

Raven Industries, Inc.

    18,658        429,694   
   

 

 

 

Insurance—2.2%

  

Ambac Financial Group, Inc. (a)

    22,444        412,745   

American Equity Investment Life Holding Co.

    41,683        739,040   

AMERISAFE, Inc.

    9,298        546,536   

Argo Group International Holdings, Ltd.

    14,148        798,230   

Baldwin & Lyons, Inc. - Class B

    4,133        105,929   

Citizens, Inc. (a) (b)

    22,172        207,530   

CNO Financial Group, Inc.

    86,562        1,321,802   

eHealth, Inc. (a)

    8,864        99,365   

EMC Insurance Group, Inc.

    3,800        102,334   

Insurance—(Continued)

  

Employers Holdings, Inc.

    14,789      441,156   

Enstar Group, Ltd. (a)

    5,573        916,591   

FBL Financial Group, Inc. - Class A

    4,790        306,416   

Federated National Holding Co.

    5,884        109,972   

Fidelity & Guaranty Life (b)

    4,816        111,683   

Genworth Financial, Inc. - Class A (a)

    246,697        1,223,617   

Global Indemnity plc (a)

    3,335        99,049   

Greenlight Capital Re, Ltd. - Class A (a)

    13,998        286,119   

HCI Group, Inc.

    5,671        172,172   

Heritage Insurance Holdings, Inc.

    11,792        169,923   

Horace Mann Educators Corp.

    18,978        695,544   

Infinity Property & Casualty Corp.

    5,597        462,480   

James River Group Holdings, Ltd.

    7,276        263,391   

Kemper Corp.

    20,321        799,022   

Maiden Holdings, Ltd.

    29,535        374,799   

MBIA, Inc. (a)

    65,336        508,967   

National General Holdings Corp.

    23,963        532,937   

National Interstate Corp.

    3,585        116,620   

National Western Life Group, Inc. - Class A

    1,054        216,460   

Navigators Group, Inc. (The)

    5,559        538,778   

OneBeacon Insurance Group, Ltd. - Class A

    11,496        164,163   

Primerica, Inc.

    22,155        1,174,880   

RLI Corp.

    18,544        1,267,668   

Safety Insurance Group, Inc.

    6,815        458,104   

Selective Insurance Group, Inc.

    26,789        1,067,810   

State Auto Financial Corp.

    7,940        189,051   

State National Cos., Inc.

    15,205        169,080   

Stewart Information Services Corp.

    11,286        501,663   

Third Point Reinsurance, Ltd. (a)

    32,322        387,864   

Trupanion, Inc. (a) (b)

    8,141        137,583   

United Fire Group, Inc.

    9,677        409,531   

United Insurance Holdings Corp.

    8,654        146,945   

Universal Insurance Holdings, Inc.

    17,550        442,260   

WMIH Corp. (a)

    88,867        207,949   
   

 

 

 
      19,403,758   
   

 

 

 

Internet & Direct Marketing Retail—0.6%

  

1-800-Flowers.com, Inc. - Class A (a)

    13,330        122,236   

Blue Nile, Inc.

    6,605        227,344   

Duluth Holdings, Inc. - Class B (a) (b)

    4,134        109,592   

Etsy, Inc. (a)

    51,942        741,732   

FTD Cos., Inc. (a)

    9,600        197,472   

HSN, Inc.

    14,279        568,304   

Lands’ End, Inc. (a) (b)

    8,472        122,844   

Liberty TripAdvisor Holdings, Inc. - Class A (a)

    34,803        760,446   

Nutrisystem, Inc.

    14,262        423,439   

Overstock.com, Inc. (a)

    6,439        98,645   

PetMed Express, Inc. (b)

    11,281        228,779   

Shutterfly, Inc. (a)

    17,108        763,701   

Wayfair, Inc. - Class A (a) (b)

    15,513        610,747   
   

 

 

 
      4,975,281   
   

 

 

 

Internet Software & Services—2.4%

  

2U, Inc. (a)

    18,127        694,083   

Actua Corp. (a)

    20,148        260,917   

Alarm.com Holdings, Inc. (a) (b)

    5,307        153,160   

 

MSF-232


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet Software & Services—(Continued)

  

Angie’s List, Inc. (a)

    21,237      $ 210,459   

Apigee Corp. (a)

    8,074        140,488   

Bankrate, Inc. (a)

    20,088        170,346   

Bazaarvoice, Inc. (a)

    41,849        247,328   

Benefitfocus, Inc. (a) (b)

    6,419        256,246   

Blucora, Inc. (a)

    20,338        227,786   

Box, Inc. - Class A (a)

    24,267        382,448   

Brightcove, Inc. (a)

    16,995        221,785   

Carbonite, Inc. (a)

    9,317        143,109   

ChannelAdvisor Corp. (a)

    10,403        134,511   

Cimpress NV (a)

    12,234        1,237,836   

comScore, Inc. (a)

    23,234        712,354   

Cornerstone OnDemand, Inc. (a)

    24,008        1,103,168   

Cvent, Inc. (a)

    14,769        468,325   

DHI Group, Inc. (a)

    21,586        170,313   

EarthLink Holdings Corp.

    48,787        302,479   

Endurance International Group Holdings, Inc. (a) (b)

    27,384        239,610   

Envestnet, Inc. (a)

    20,207        736,545   

Everyday Health, Inc. (a)

    14,700        113,043   

Five9, Inc. (a)

    16,631        260,774   

Gogo, Inc. (a) (b)

    27,419        302,706   

GrubHub, Inc. (a) (b)

    39,224        1,686,240   

GTT Communications, Inc. (a)

    11,597        272,877   

Hortonworks, Inc. (a) (b)

    20,178        168,486   

inContact, Inc. (a)

    27,382        382,800   

Instructure, Inc. (a)

    5,753        145,954   

IntraLinks Holdings, Inc. (a)

    20,583        207,065   

j2 Global, Inc.

    22,619        1,506,652   

Liquidity Services, Inc. (a)

    13,611        152,988   

LivePerson, Inc. (a)

    29,330        246,665   

LogMeIn, Inc.

    12,270        1,109,085   

MeetMe, Inc. (a)

    21,638        134,156   

MINDBODY, Inc. - Class A (a) (b)

    7,507        147,588   

Monster Worldwide, Inc. (a)

    43,593        157,371   

New Relic, Inc. (a)

    10,856        416,002   

NIC, Inc.

    29,109        684,061   

Q2 Holdings, Inc. (a)

    12,619        361,660   

Quotient Technology, Inc. (a)

    29,125        387,654   

RetailMeNot, Inc. (a)

    18,130        179,306   

Shutterstock, Inc. (a) (b)

    9,230        587,951   

SPS Commerce, Inc. (a)

    7,550        554,245   

Stamps.com, Inc. (a) (b)

    7,949        751,260   

TrueCar, Inc. (a) (b)

    23,179        218,810   

Web.com Group, Inc. (a)

    20,520        354,380   

WebMD Health Corp. (a)

    17,955        892,363   

Xactly Corp. (a)

    11,677        171,885   

XO Group, Inc. (a)

    11,305        218,526   
   

 

 

 
      20,985,849   
   

 

 

 

IT Services—2.0%

  

Acxiom Corp. (a)

    37,591        1,001,800   

Blackhawk Network Holdings, Inc. (a)

    27,022        815,254   

CACI International, Inc. - Class A (a) (e)

    12,041        1,214,937   

Cardtronics plc - Class A (a)

    22,064        984,054   

Cass Information Systems, Inc.

    5,928        335,821   

Convergys Corp.

    42,882        1,304,471   

IT Services—(Continued)

  

CSG Systems International, Inc.

    15,258      630,613   

Datalink Corp. (a)

    10,297        109,251   

EPAM Systems, Inc. (a)

    23,687        1,641,746   

EVERTEC, Inc.

    30,384        509,844   

ExlService Holdings, Inc. (a)

    15,842        789,565   

Forrester Research, Inc.

    5,782        224,920   

Hackett Group, Inc. (The)

    13,330        220,212   

Lionbridge Technologies, Inc. (a)

    31,361        156,805   

ManTech International Corp. - Class A

    12,440        468,864   

MAXIMUS, Inc.

    31,383        1,775,023   

MoneyGram International, Inc. (a)

    14,692        104,313   

NeuStar, Inc. - Class A (a)

    26,451        703,332   

Perficient, Inc. (a)

    17,369        349,985   

Science Applications International Corp.

    19,917        1,381,642   

ServiceSource International, Inc. (a)

    29,419        143,565   

Sykes Enterprises, Inc. (a)

    18,634        524,174   

Syntel, Inc. (a)

    14,931        625,758   

TeleTech Holdings, Inc.

    7,377        213,859   

Travelport Worldwide, Ltd.

    56,729        852,637   

Unisys Corp. (a)

    26,228        255,461   

Virtusa Corp. (a)

    11,780        290,730   
   

 

 

 
      17,628,636   
   

 

 

 

Leisure Products—0.3%

  

Callaway Golf Co.

    46,706        542,257   

Malibu Boats, Inc. - Class A (a)

    8,768        130,643   

Nautilus, Inc. (a)

    16,328        370,972   

Smith & Wesson Holding Corp. (a) (b)

    25,637        681,688   

Sturm Ruger & Co., Inc.

    8,538        493,155   
   

 

 

 
      2,218,715   
   

 

 

 

Life Sciences Tools & Services—0.7%

  

Accelerate Diagnostics, Inc. (a) (b)

    11,348        309,346   

Albany Molecular Research, Inc. (a) (b)

    12,484        206,111   

Cambrex Corp. (a)

    15,180        674,903   

Enzo Biochem, Inc. (a)

    21,985        111,904   

Fluidigm Corp. (a)

    13,200        105,732   

INC Research Holdings, Inc. - Class A (a)

    20,394        909,165   

Luminex Corp. (a)

    18,901        429,431   

Medpace Holdings, Inc. (a)

    8,249        246,315   

NanoString Technologies, Inc. (a)

    7,907        157,982   

NeoGenomics, Inc. (a)

    26,497        217,805   

Pacific Biosciences of California, Inc. (a) (b)

    40,732        364,959   

PAREXEL International Corp. (a)

    25,369        1,761,877   

PRA Health Sciences, Inc. (a)

    12,050        680,945   
   

 

 

 
      6,176,475   
   

 

 

 

Machinery—3.4%

  

Actuant Corp. - Class A

    28,401        660,039   

Alamo Group, Inc.

    4,629        305,005   

Albany International Corp. - Class A

    14,147        599,550   

Altra Industrial Motion Corp.

    13,385        387,763   

American Railcar Industries, Inc. (b)

    4,708        195,241   

Astec Industries, Inc.

    9,004        539,069   

Barnes Group, Inc.

    23,751        963,103   

 

MSF-233


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Machinery—(Continued)

  

Briggs & Stratton Corp.

    21,617      $ 403,157   

Chart Industries, Inc. (a)

    15,307        502,529   

CIRCOR International, Inc.

    7,291        434,252   

CLARCOR, Inc.

    23,160        1,505,400   

Columbus McKinnon Corp.

    10,074        179,720   

Douglas Dynamics, Inc.

    9,877        315,471   

Energy Recovery, Inc. (a) (b)

    17,996        287,576   

EnPro Industries, Inc.

    9,829        558,484   

ESCO Technologies, Inc.

    12,540        582,107   

Federal Signal Corp.

    29,548        391,806   

Franklin Electric Co., Inc.

    21,104        859,144   

Global Brass & Copper Holdings, Inc.

    11,099        320,650   

Gorman-Rupp Co. (The)

    10,331        264,577   

Greenbrier Cos., Inc. (The) (b)

    14,368        507,190   

Harsco Corp.

    37,700        374,361   

Hillenbrand, Inc.

    29,866        944,960   

Hyster-Yale Materials Handling, Inc.

    4,976        299,207   

John Bean Technologies Corp.

    13,616        960,609   

Joy Global, Inc.

    48,075        1,333,601   

Kadant, Inc.

    5,766        300,466   

Kennametal, Inc.

    38,584        1,119,708   

Lindsay Corp. (b)

    5,740        424,645   

Lydall, Inc. (a)

    8,342        426,526   

Manitowoc Co., Inc. (The)

    63,397        303,672   

Meritor, Inc. (a)

    43,321        482,163   

Milacron Holdings Corp. (a)

    6,533        104,267   

Miller Industries, Inc.

    5,680        129,447   

Mueller Industries, Inc.

    26,115        846,648   

Mueller Water Products, Inc. - Class A

    76,369        958,431   

Navistar International Corp. (a)

    23,914        547,391   

NN, Inc.

    12,696        231,702   

Proto Labs, Inc. (a)

    12,094        724,552   

RBC Bearings, Inc. (a)

    10,876        831,797   

Rexnord Corp. (a)

    40,317        863,187   

SPX Corp. (a)

    20,781        418,529   

SPX FLOW, Inc. (a)

    17,419        538,595   

Standex International Corp.

    6,262        581,552   

Sun Hydraulics Corp.

    10,558        340,707   

Supreme Industries, Inc. - Class A

    7,033        135,737   

Tennant Co.

    8,929        578,599   

Titan International, Inc.

    22,706        229,785   

TriMas Corp. (a)

    22,514        418,986   

Wabash National Corp. (a)

    32,109        457,232   

Watts Water Technologies, Inc. - Class A

    13,118        850,571   

Woodward, Inc.

    25,737        1,608,048   
   

 

 

 
      29,127,514   
   

 

 

 

Marine—0.1%

  

Costamare, Inc.

    13,958        127,576   

Matson, Inc.

    20,127        802,665   

Scorpio Bulkers, Inc. (a)

    29,948        103,620   
   

 

 

 
      1,033,861   
   

 

 

 

Media—1.6%

  

AMC Entertainment Holdings, Inc. - Class A (b)

    9,526        296,163   

Carmike Cinemas, Inc. (a)

    12,031        393,293   

Media—(Continued)

  

Daily Journal Corp. (a)

    598      130,962   

Entercom Communications Corp. - Class A

    14,538        188,122   

Entravision Communications Corp. - Class A

    29,645        226,191   

Eros International plc (a) (b)

    13,360        204,675   

EW Scripps Co. (The) - Class A (a)

    29,695        472,150   

Gannett Co., Inc.

    57,579        670,220   

Global Eagle Entertainment, Inc. (a)

    28,412        236,104   

Gray Television, Inc. (a)

    30,714        318,197   

IMAX Corp. (a)

    28,090        813,767   

Liberty Braves Group - Class C (a)

    16,010        278,254   

Liberty Media Group - Class A (a)

    11,738        336,294   

Liberty Media Group - Class C (a)

    22,971        646,404   

Loral Space & Communications, Inc. (a)

    6,669        260,825   

MDC Partners, Inc. - Class A (b)

    25,380        272,074   

Media General, Inc. (a)

    53,348        983,204   

Meredith Corp.

    18,346        953,809   

MSG Networks, Inc. - Class A (a)

    29,478        548,586   

National CineMedia, Inc.

    31,052        457,085   

New Media Investment Group, Inc.

    22,310        345,805   

New York Times Co. (The) - Class A

    58,218        695,705   

Nexstar Broadcasting Group, Inc. - Class A (b)

    14,830        855,839   

Reading International, Inc. - Class A (a)

    8,504        113,528   

Scholastic Corp.

    14,176        557,967   

Sinclair Broadcast Group, Inc. - Class A

    30,881        891,843   

Time, Inc.

    50,189        726,737   

tronc, Inc.

    14,706        248,237   

World Wrestling Entertainment, Inc. - Class A (b)

    18,113        385,807   
   

 

 

 
      13,507,847   
   

 

 

 

Metals & Mining—1.2%

  

AK Steel Holding Corp. (a) (b)

    114,252        551,837   

Allegheny Technologies, Inc. (b)

    52,856        955,108   

Carpenter Technology Corp.

    23,384        964,824   

Century Aluminum Co. (a)

    24,781        172,228   

Cliffs Natural Resources, Inc. (a) (b)

    106,868        625,178   

Coeur Mining, Inc. (a)

    78,530        929,010   

Commercial Metals Co.

    53,553        867,023   

Ferroglobe plc

    31,634        285,655   

Gold Resource Corp. (b)

    25,615        190,063   

Haynes International, Inc.

    6,653        246,893   

Hecla Mining Co.

    185,576        1,057,783   

Kaiser Aluminum Corp.

    8,616        745,198   

Materion Corp.

    9,498        291,684   

Olympic Steel, Inc.

    4,783        105,704   

Schnitzer Steel Industries, Inc. - Class A

    13,529        282,756   

Stillwater Mining Co. (a)

    56,563        755,682   

SunCoke Energy, Inc.

    35,308        283,170   

TimkenSteel Corp. (a)

    18,629        194,673   

Worthington Industries, Inc.

    21,960        1,054,739   
   

 

 

 
      10,559,208   
   

 

 

 

Mortgage Real Estate Investment Trusts—1.1%

  

AG Mortgage Investment Trust, Inc.

    14,345        225,934   

Altisource Residential Corp.

    26,537        289,253   

Anworth Mortgage Asset Corp.

    49,995        245,976   

Apollo Commercial Real Estate Finance, Inc.

    35,624        583,165   

 

MSF-234


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Mortgage Real Estate Investment Trusts—(Continued)

  

Ares Commercial Real Estate Corp.

    11,438      $ 144,119   

ARMOUR Residential REIT, Inc. (b)

    16,682        376,012   

Capstead Mortgage Corp.

    44,863        423,058   

Colony Capital, Inc. - Class A

    52,740        961,450   

CYS Investments, Inc.

    74,681        651,218   

Dynex Capital, Inc.

    26,422        196,051   

Great Ajax Corp.

    8,079        110,278   

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

    20,919        488,877   

Invesco Mortgage Capital, Inc.

    55,256        841,549   

Ladder Capital Corp.

    20,669        273,658   

Mortgage Investment Corp.

    23,775        408,692   

New Residential Investment Corp.

    117,072        1,616,764   

New York Mortgage Trust, Inc.

    51,471        309,856   

Orchid Island Capital, Inc. (b)

    11,326        118,017   

PennyMac Mortgage Investment Trust

    35,722        556,549   

Redwood Trust, Inc.

    39,826        563,936   

Resource Capital Corp.

    16,059        205,716   

United Development Funding IV (c) (d)

    14,302        34,325   

Western Asset Mortgage Capital Corp.

    20,929        218,080   
   

 

 

 
      9,842,533   
   

 

 

 

Multi-Utilities—0.5%

  

Avista Corp.

    30,657        1,281,156   

Black Hills Corp.

    24,978        1,529,153   

NorthWestern Corp.

    23,557        1,355,234   

Unitil Corp.

    7,429        290,177   
   

 

 

 
      4,455,720   
   

 

 

 

Multiline Retail—0.2%

  

Big Lots, Inc.

    21,721        1,037,178   

Fred’s, Inc. - Class A

    16,936        153,440   

Ollie’s Bargain Outlet Holdings, Inc. (a)

    10,284        269,544   

Tuesday Morning Corp. (a)

    21,822        130,495   
   

 

 

 
      1,590,657   
   

 

 

 

Oil, Gas & Consumable Fuels—2.1%

  

Abraxas Petroleum Corp. (a)

    72,356        122,282   

Alon USA Energy, Inc.

    18,417        148,441   

Ardmore Shipping Corp.

    15,443        108,719   

Bill Barrett Corp. (a)

    31,337        174,234   

California Resources Corp. (a) (b)

    16,775        209,687   

Callon Petroleum Co. (a)

    70,686        1,109,770   

Carrizo Oil & Gas, Inc. (a)

    25,790        1,047,590   

Clayton Williams Energy, Inc. (a) (b)

    2,505        214,027   

Clean Energy Fuels Corp. (a)

    51,916        232,065   

Cobalt International Energy, Inc. (a)

    207,968        257,880   

Contango Oil & Gas Co. (a)

    13,006        132,921   

CVR Energy, Inc. (b)

    8,864        122,057   

Delek U.S. Holdings, Inc.

    30,748        531,633   

Denbury Resources, Inc. (a) (b)

    174,216        562,718   

DHT Holdings, Inc.

    44,160        185,030   

Frontline, Ltd. (b)

    32,746        234,789   

GasLog, Ltd. (b)

    20,748        301,883   

Gener8 Maritime, Inc. (a)

    20,667        105,815   

Oil, Gas & Consumable Fuels—(Continued)

  

Golar LNG, Ltd.

    44,104      935,005   

Green Plains, Inc.

    16,010        419,462   

Jones Energy, Inc. - Class A (a)

    33,852        120,513   

Matador Resources Co. (a)

    40,991        997,721   

Nordic American Tankers, Ltd. (b)

    41,561        420,182   

Oasis Petroleum, Inc. (a) (b)

    85,789        984,000   

Overseas Shipholding Group, Inc. - Class A

    23,363        246,947   

Pacific Ethanol, Inc. (a)

    17,367        120,006   

Panhandle Oil and Gas, Inc. - Class A

    10,459        183,346   

Par Pacific holdings, Inc. (a)

    16,282        212,969   

PDC Energy, Inc. (a)

    26,990        1,809,949   

Renewable Energy Group, Inc. (a)

    22,727        192,498   

REX American Resources Corp. (a)

    2,989        253,348   

Ring Energy, Inc. (a)

    19,854        217,401   

RSP Permian, Inc. (a)

    38,535        1,494,387   

Sanchez Energy Corp. (a) (b)

    30,771        272,016   

Scorpio Tankers, Inc.

    83,337        385,850   

SemGroup Corp. - Class A

    26,325        930,852   

Ship Finance International, Ltd. (b)

    28,428        418,744   

Synergy Resources Corp. (a) (b)

    91,847        636,500   

Teekay Corp.

    22,735        175,287   

Teekay Tankers, Ltd. - Class A

    53,596        135,598   

Western Refining, Inc.

    39,482        1,044,694   
   

 

 

 
      18,408,816   
   

 

 

 

Paper & Forest Products—0.6%

  

Boise Cascade Co. (a)

    18,411        467,639   

Clearwater Paper Corp. (a)

    7,836        506,754   

Deltic Timber Corp.

    5,314        359,917   

KapStone Paper and Packaging Corp.

    39,372        744,918   

Louisiana-Pacific Corp. (a)

    69,948        1,317,121   

Neenah Paper, Inc.

    7,745        611,933   

PH Glatfelter Co.

    21,278        461,307   

Schweitzer-Mauduit International, Inc.

    14,898        574,467   
   

 

 

 
      5,044,056   
   

 

 

 

Personal Products—0.3%

  

Avon Products, Inc.

    215,512        1,219,798   

Inter Parfums, Inc.

    8,191        264,324   

Medifast, Inc.

    5,660        213,892   

Natural Health Trends Corp. (b)

    4,063        114,820   

Nutraceutical International Corp. (a)

    4,388        137,081   

Revlon, Inc. - Class A (a)

    6,172        227,006   

USANA Health Sciences, Inc. (a)

    2,803        387,795   
   

 

 

 
      2,564,716   
   

 

 

 

Pharmaceuticals—1.8%

  

Aclaris Therapeutics, Inc. (a)

    5,550        142,135   

Aerie Pharmaceuticals, Inc. (a)

    12,540        473,260   

Amphastar Pharmaceuticals, Inc. (a)

    18,205        345,349   

ANI Pharmaceuticals, Inc. (a)

    3,945        261,751   

Aratana Therapeutics, Inc. (a)

    17,356        162,452   

Catalent, Inc. (a)

    48,749        1,259,674   

Cempra, Inc. (a) (b)

    20,861        504,836   

Collegium Pharmaceutical, Inc. (a)

    7,456        143,603   

 

MSF-235


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Pharmaceuticals—(Continued)

  

Corcept Therapeutics, Inc. (a) (b)

    39,100      $ 254,150   

Depomed, Inc. (a) (b)

    31,379        784,161   

Dermira, Inc. (a)

    12,436        420,586   

Heska Corp. (a)

    3,277        178,367   

Horizon Pharma plc (a)

    78,756        1,427,846   

Impax Laboratories, Inc. (a)

    35,866        850,024   

Innoviva, Inc. (a) (b)

    40,393        443,919   

Intersect ENT, Inc. (a)

    11,434        181,115   

Intra-Cellular Therapies, Inc. (a)

    16,993        258,973   

Lannett Co., Inc. (a) (b)

    12,710        337,705   

Medicines Co. (The) (a)

    32,038        1,209,114   

Nektar Therapeutics (a)

    62,084        1,066,603   

Omeros Corp. (a) (b)

    18,771        209,484   

Pacira Pharmaceuticals, Inc. (a)

    17,459        597,447   

Paratek Pharmaceuticals, Inc. (a)

    7,167        93,243   

Phibro Animal Health Corp. - Class A

    9,993        271,610   

Prestige Brands Holdings, Inc. (a)

    25,686        1,239,863   

Revance Therapeutics, Inc. (a)

    8,949        145,063   

Sciclone Pharmaceuticals, Inc. (a)

    27,839        285,350   

Sucampo Pharmaceuticals, Inc. - Class A (a)

    12,005        147,782   

Supernus Pharmaceuticals, Inc. (a)

    23,502        581,204   

Teligent, Inc. (a)

    28,000        212,800   

TherapeuticsMD, Inc. (a)

    70,014        476,795   

Theravance Biopharma, Inc. (a) (b)

    16,997        615,971   

WAVE Life Sciences, Ltd. (a)

    4,065        131,991   

Zogenix, Inc. (a)

    12,033        137,537   
   

 

 

 
      15,851,763   
   

 

 

 

Professional Services—1.3%

  

Acacia Research Corp.

    26,966        175,818   

Advisory Board Co. (The) (a)

    20,097        899,140   

Barrett Business Services, Inc.

    3,858        191,395   

CBIZ, Inc. (a)

    24,387        272,891   

CEB, Inc.

    15,566        847,880   

CRA International, Inc. (a)

    4,868        129,440   

Exponent, Inc.

    12,398        633,042   

FTI Consulting, Inc. (a)

    19,255        858,003   

GP Strategies Corp. (a)

    5,793        142,624   

Heidrick & Struggles International, Inc.

    9,634        178,711   

Huron Consulting Group, Inc. (a)

    10,356        618,875   

ICF International, Inc. (a)

    8,868        393,030   

Insperity, Inc.

    7,461        541,967   

Kelly Services, Inc. - Class A

    14,944        287,224   

Kforce, Inc.

    12,692        260,059   

Korn/Ferry International

    28,161        591,381   

Mistras Group, Inc. (a)

    8,222        192,970   

Navigant Consulting, Inc. (a)

    21,686        438,491   

On Assignment, Inc. (a)

    24,181        877,528   

Resources Connection, Inc.

    17,930        267,874   

RPX Corp. (a)

    26,264        280,762   

TriNet Group, Inc. (a)

    19,326        418,021   

TrueBlue, Inc. (a)

    19,573        443,524   

WageWorks, Inc. (a)

    17,251        1,050,758   
   

 

 

 
      10,991,408   
   

 

 

 

Real Estate Management & Development—0.5%

  

Alexander & Baldwin, Inc.

    22,995      883,468   

Altisource Portfolio Solutions S.A. (a)

    6,754        218,830   

AV Homes, Inc. (a)

    6,571        109,341   

Consolidated-Tomoka Land Co.

    2,461        125,979   

Forestar Group, Inc. (a)

    17,933        209,995   

FRP Holdings, Inc. (a)

    3,389        105,296   

HFF, Inc. - Class A

    17,641        488,479   

Kennedy-Wilson Holdings, Inc.

    38,983        879,067   

Marcus & Millichap, Inc. (a)

    6,463        169,008   

RE/MAX Holdings, Inc. - Class A

    8,877        388,635   

RMR Group, Inc. (The) - Class A

    3,481        132,069   

St. Joe Co. (The) (a)

    25,487        468,451   

Tejon Ranch Co. (a)

    7,566        184,005   
   

 

 

 
      4,362,623   
   

 

 

 

Road & Rail—0.5%

  

ArcBest Corp.

    12,815        243,741   

Celadon Group, Inc.

    13,029        113,873   

Covenant Transportation Group, Inc. - Class A (a)

    5,776        111,650   

Heartland Express, Inc.

    22,410        423,101   

Knight Transportation, Inc.

    32,744        939,425   

Marten Transport, Ltd.

    11,626        244,146   

Roadrunner Transportation Systems, Inc. (a)

    13,855        110,563   

Saia, Inc. (a)

    11,835        354,577   

Swift Transportation Co. (a)

    36,623        786,296   

Werner Enterprises, Inc.

    22,043        512,941   

YRC Worldwide, Inc. (a)

    14,785        182,151   
   

 

 

 
      4,022,464   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.7%

  

Acacia Communications, Inc. (a) (b)

    2,652        273,899   

Advanced Energy Industries, Inc. (a)

    19,555        925,343   

Advanced Micro Devices, Inc. (a) (b)

    359,193        2,482,024   

Alpha & Omega Semiconductor, Ltd. (a)

    10,203        221,609   

Ambarella, Inc. (a) (b)

    15,830        1,165,246   

Amkor Technology, Inc. (a)

    46,149        448,568   

Applied Micro Circuits Corp. (a)

    37,494        260,583   

Axcelis Technologies, Inc. (a)

    13,934        185,044   

Brooks Automation, Inc.

    32,611        443,836   

Cabot Microelectronics Corp.

    11,541        610,634   

Cavium, Inc. (a)

    31,365        1,825,443   

Ceva, Inc. (a)

    9,018        316,261   

Cirrus Logic, Inc. (a)

    30,584        1,625,540   

Cohu, Inc.

    11,848        139,096   

Diodes, Inc. (a)

    18,315        390,842   

DSP Group, Inc. (a)

    11,248        135,088   

Entegris, Inc. (a)

    65,120        1,134,390   

Exar Corp. (a) (e)

    20,123        187,345   

FormFactor, Inc. (a) (e)

    31,704        343,983   

Impinj, Inc. (a)

    6,124        229,160   

Inphi Corp. (a)

    19,424        845,138   

Integrated Device Technology, Inc. (a)

    64,575        1,491,683   

Intersil Corp. - Class A

    65,364        1,433,433   

IXYS Corp.

    13,771        165,941   

Lattice Semiconductor Corp. (a)

    55,774        361,973   

M/A-COM Technology Solutions Holdings, Inc. (a)

    10,997        465,613   

 

MSF-236


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Semiconductors & Semiconductor Equipment—(Continued)

  

MaxLinear, Inc. - Class A (a)

    26,699      $ 541,189   

Microsemi Corp. (a)

    55,165        2,315,827   

MKS Instruments, Inc.

    25,868        1,286,416   

Monolithic Power Systems, Inc.

    18,931        1,523,945   

Nanometrics, Inc. (a)

    12,771        285,304   

NeoPhotonics Corp. (a)

    14,422        235,655   

NVE Corp.

    2,605        153,539   

PDF Solutions, Inc. (a)

    13,631        247,675   

Photronics, Inc. (a)

    30,362        313,032   

Power Integrations, Inc.

    13,771        867,986   

Rambus, Inc. (a)

    49,965        624,563   

Rudolph Technologies, Inc. (a)

    13,085        232,128   

Semtech Corp. (a)

    29,669        822,721   

Sigma Designs, Inc. (a)

    16,965        132,157   

Silicon Laboratories, Inc. (a)

    19,814        1,165,063   

Synaptics, Inc. (a)

    17,366        1,017,300   

Tessera Technologies, Inc.

    24,436        939,320   

Ultra Clean Holdings, Inc. (a)

    16,793        124,436   

Ultratech, Inc. (a)

    9,957        229,808   

Veeco Instruments, Inc. (a)

    20,425        400,943   

Xcerra Corp. (a)

    26,473        160,426   
   

 

 

 
      31,727,148   
   

 

 

 

Software—4.1%

  

8x8, Inc. (a)

    41,065        633,633   

A10 Networks, Inc. (a)

    21,727        232,262   

ACI Worldwide, Inc. (a)

    53,497        1,036,772   

American Software, Inc. - Class A

    12,761        141,647   

Aspen Technology, Inc. (a) (e)

    39,476        1,847,082   

Barracuda Networks, Inc. (a)

    11,138        283,796   

Blackbaud, Inc.

    22,367        1,483,827   

Bottomline Technologies de, Inc. (a)

    19,170        446,853   

BroadSoft, Inc. (a)

    14,701        684,332   

Callidus Software, Inc. (a)

    28,634        525,434   

CommVault Systems, Inc. (a)

    18,850        1,001,500   

Digimarc Corp. (a) (b)

    3,943        151,214   

Ebix, Inc. (b)

    11,299        642,348   

Ellie Mae, Inc. (a)

    15,728        1,656,158   

EPIQ Systems, Inc.

    10,276        169,451   

Exa Corp. (a)

    7,285        116,924   

Fair Isaac Corp.

    15,124        1,884,299   

FleetMatics Group plc (a)

    18,434        1,105,671   

Gigamon, Inc. (a)

    15,887        870,608   

Globant S.A. (a) (b)

    12,602        530,796   

Glu Mobile, Inc. (a) (b)

    56,662        126,923   

HubSpot, Inc. (a)

    14,089        811,808   

Imperva, Inc. (a)

    14,007        752,316   

Infoblox, Inc. (a)

    27,141        715,708   

Interactive Intelligence Group, Inc. (a)

    8,676        521,775   

Jive Software, Inc. (a)

    29,952        127,596   

Mentor Graphics Corp.

    52,058        1,376,414   

MicroStrategy, Inc. - Class A (a)

    4,589        768,382   

Mitek Systems, Inc. (a)

    15,344        127,202   

Model N, Inc. (a)

    10,589        117,644   

Monotype Imaging Holdings, Inc.

    18,592        411,069   

Paycom Software, Inc. (a)

    21,414        1,073,484   

Software—(Continued)

  

Paylocity Holding Corp. (a)

    10,675      474,611   

Pegasystems, Inc.

    16,572        488,708   

Progress Software Corp. (a)

    23,712        644,966   

Proofpoint, Inc. (a)

    19,783        1,480,758   

PROS Holdings, Inc. (a)

    10,832        244,912   

QAD, Inc. - Class A

    4,798        107,379   

Qualys, Inc. (a)

    13,378        510,906   

Rapid7, Inc. (a) (b)

    10,207        180,154   

RealPage, Inc. (a)

    27,401        704,206   

RingCentral, Inc. - Class A (a)

    28,664        678,190   

Rubicon Project, Inc. (The) (a)

    18,549        153,586   

Sapiens International Corp. NV

    11,949        152,589   

Silver Spring Networks, Inc. (a)

    17,691        250,858   

Synchronoss Technologies, Inc. (a)

    19,823        816,311   

Take-Two Interactive Software, Inc. (a)

    39,881        1,797,835   

Tangoe, Inc. (a)

    9,777        80,660   

TiVo Corp. (a)

    54,357        1,058,874   

TubeMogul, Inc. (a)

    8,244        77,246   

Varonis Systems, Inc. (a)

    5,014        150,921   

VASCO Data Security International, Inc. (a)

    15,031        264,696   

Verint Systems, Inc. (a)

    28,969        1,090,103   

Workiva, Inc. (a) (b)

    11,206        203,165   

Zendesk, Inc. (a)

    39,450        1,211,509   

Zix Corp. (a)

    28,558        117,088   
   

 

 

 
      35,315,159   
   

 

 

 

Specialty Retail—2.4%

  

Aaron’s, Inc.

    32,279        820,532   

Abercrombie & Fitch Co. - Class A

    32,535        516,981   

America’s Car-Mart, Inc. (a)

    3,580        130,276   

American Eagle Outfitters, Inc.

    80,529        1,438,248   

Asbury Automotive Group, Inc. (a)

    9,029        502,644   

Ascena Retail Group, Inc. (a)

    79,891        446,591   

Barnes & Noble Education, Inc. (a)

    20,589        197,037   

Barnes & Noble, Inc.

    31,637        357,498   

Big 5 Sporting Goods Corp.

    9,615        130,956   

Buckle, Inc. (The) (b)

    14,188        340,938   

Caleres, Inc.

    20,189        510,580   

Cato Corp. (The) - Class A

    13,930        458,158   

Chico’s FAS, Inc.

    66,717        793,932   

Children’s Place, Inc. (The)

    8,817        704,214   

Citi Trends, Inc.

    8,551        170,421   

Conn’s, Inc. (a)

    11,086        114,407   

DSW, Inc. - Class A

    33,068        677,233   

Express, Inc. (a)

    37,753        445,108   

Finish Line, Inc. (The) - Class A

    20,123        464,439   

Five Below, Inc. (a)

    25,874        1,042,463   

Francesca’s Holdings Corp. (a)

    16,283        251,247   

Genesco, Inc. (a)

    10,535        573,736   

GNC Holdings, Inc. - Class A

    33,443        682,906   

Group 1 Automotive, Inc.

    10,876        694,759   

Guess?, Inc.

    30,485        445,386   

Haverty Furniture Cos., Inc.

    10,391        208,236   

Hibbett Sports, Inc. (a)

    10,209        407,339   

Lithia Motors, Inc. - Class A

    11,630        1,110,898   

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

    13,856        272,547   

 

MSF-237


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Specialty Retail—(Continued)

  

MarineMax, Inc. (a)

    12,696      $ 265,981   

Monro Muffler Brake, Inc.

    15,070        921,832   

Office Depot, Inc.

    270,619        966,110   

Party City Holdco, Inc. (a)

    13,656        233,791   

Pier 1 Imports, Inc.

    47,023        199,377   

Rent-A-Center, Inc.

    29,515        373,070   

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

    19,129        661,481   

Select Comfort Corp. (a)

    24,198        522,677   

Shoe Carnival, Inc.

    8,227        219,332   

Sonic Automotive, Inc. - Class A

    14,688        276,134   

Sportsman’s Warehouse Holdings, Inc. (a) (b)

    14,062        147,932   

Stein Mart, Inc.

    15,504        98,450   

Tailored Brands, Inc. (b)

    22,434        352,214   

Tile Shop Holdings, Inc. (a)

    14,624        242,027   

Vitamin Shoppe, Inc. (a) (b)

    12,621        338,874   

Winmark Corp.

    1,140        120,293   

Zumiez, Inc. (a)

    10,452        188,136   
   

 

 

 
      21,037,421   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.7%

  

3D Systems Corp. (a) (b)

    52,340        939,503   

Avid Technology, Inc. (a)

    17,191        136,496   

Cray, Inc. (a)

    19,290        454,087   

Diebold, Inc.

    34,285        849,925   

Eastman Kodak Co. (a)

    9,487        142,305   

Electronics for Imaging, Inc. (a)

    22,186        1,085,339   

Immersion Corp. (a)

    15,004        122,433   

Nimble Storage, Inc. (a)

    31,351        276,829   

Pure Storage, Inc. - Class A (a) (b)

    30,203        409,251   

Silicon Graphics International Corp. (a)

    19,073        146,862   

Stratasys, Ltd. (a)

    23,667        570,138   

Super Micro Computer, Inc. (a)

    17,788        415,706   

USA Technologies, Inc. (a)

    18,360        102,908   
   

 

 

 
      5,651,782   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.8%

  

Columbia Sportswear Co.

    13,362        758,160   

Crocs, Inc. (a) (e)

    36,244        300,825   

Culp, Inc.

    4,697        139,830   

Deckers Outdoor Corp. (a)

    16,464        980,431   

Fossil Group, Inc. (a)

    20,656        573,617   

G-III Apparel Group, Ltd. (a)

    21,024        612,850   

Iconix Brand Group, Inc. (a) (b)

    23,416        190,138   

Movado Group, Inc.

    7,984        171,496   

Oxford Industries, Inc.

    7,657        518,379   

Perry Ellis International, Inc. (a)

    7,318        141,091   

Sequential Brands Group, Inc. (a)

    17,180        137,440   

Steven Madden, Ltd. (a)

    30,077        1,039,461   

Unifi, Inc. (a)

    7,892        232,262   

Vera Bradley, Inc. (a)

    10,263        155,484   

Wolverine World Wide, Inc.

    45,644        1,051,181   
   

 

 

 
      7,002,645   
   

 

 

 

Thrifts & Mortgage Finance—2.0%

  

Astoria Financial Corp.

    45,250        660,650   

Thrifts & Mortgage Finance—(Continued)

  

Bank Mutual Corp.

    22,673      174,129   

BankFinancial Corp.

    8,210        104,267   

Beneficial Bancorp, Inc.

    32,692        480,899   

BofI Holding, Inc. (a) (b)

    28,164        630,874   

Capitol Federal Financial, Inc.

    59,838        841,921   

Clifton Bancorp, Inc.

    13,646        208,647   

Dime Community Bancshares, Inc.

    15,501        259,797   

Essent Group, Ltd. (a)

    36,651        975,283   

EverBank Financial Corp.

    50,515        977,970   

Federal Agricultural Mortgage Corp. - Class C

    5,480        216,460   

First Defiance Financial Corp.

    5,038        224,896   

Flagstar Bancorp, Inc. (a)

    9,133        253,441   

HomeStreet, Inc. (a)

    10,511        263,406   

Kearny Financial Corp.

    43,899        597,465   

LendingTree, Inc. (a)

    2,772        268,635   

Meridian Bancorp, Inc.

    26,006        404,913   

Meta Financial Group, Inc.

    4,218        255,653   

MGIC Investment Corp. (a)

    167,352        1,338,816   

Nationstar Mortgage Holdings, Inc. (a) (b)

    18,633        275,955   

NMI Holdings, Inc. - Class A (a)

    20,655        157,391   

Northfield Bancorp, Inc.

    19,366        311,793   

Northwest Bancshares, Inc.

    47,880        752,195   

OceanFirst Financial Corp.

    10,121        194,930   

Ocwen Financial Corp. (a)

    51,713        189,787   

Oritani Financial Corp.

    16,857        264,992   

PennyMac Financial Services, Inc. - Class A (a)

    7,300        124,173   

PHH Corp. (a)

    24,884        359,574   

Provident Financial Services, Inc.

    29,105        617,899   

Radian Group, Inc.

    105,091        1,423,983   

Territorial Bancorp, Inc.

    4,282        122,722   

TrustCo Bank Corp.

    45,137        320,021   

United Community Financial Corp.

    24,319        172,908   

United Financial Bancorp, Inc.

    27,799        384,738   

Walker & Dunlop, Inc. (a)

    12,545        316,887   

Washington Federal, Inc.

    43,725        1,166,583   

Waterstone Financial, Inc.

    10,900        185,191   

WSFS Financial Corp.

    14,223        518,997   
   

 

 

 
      16,998,841   
   

 

 

 

Tobacco—0.2%

  

Universal Corp.

    10,350        602,577   

Vector Group, Ltd. (b)

    44,918        967,083   
   

 

 

 
      1,569,660   
   

 

 

 

Trading Companies & Distributors—1.0%

  

Aircastle, Ltd.

    23,576        468,219   

Applied Industrial Technologies, Inc.

    17,771        830,617   

Beacon Roofing Supply, Inc. (a)

    28,993        1,219,736   

BMC Stock Holdings, Inc. (a)

    26,965        478,089   

DXP Enterprises, Inc. (a)

    6,978        196,710   

GATX Corp.

    19,980        890,109   

H&E Equipment Services, Inc.

    15,412        258,305   

Kaman Corp.

    13,043        572,849   

MRC Global, Inc. (a)

    47,898        786,964   

NOW, Inc. (a)

    52,731        1,130,025   

Rush Enterprises, Inc. - Class A (a)

    12,945        316,894   

 

MSF-238


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Trading Companies & Distributors—(Continued)

  

SiteOne Landscape Supply, Inc. (a)

    5,340      $ 191,866   

Triton International, Ltd.

    20,087        264,948   

Univar, Inc. (a)

    21,106        461,166   

Veritiv Corp. (a)

    3,938        197,569   
   

 

 

 
      8,264,066   
   

 

 

 

Water Utilities—0.3%

  

American States Water Co.

    19,053        763,073   

Artesian Resources Corp. - Class A

    3,766        107,481   

California Water Service Group

    22,665        727,320   

Connecticut Water Service, Inc.

    4,871        242,235   

Middlesex Water Co.

    7,497        264,194   

SJW Corp.

    7,394        322,970   

York Water Co. (The)

    6,695        198,574   
   

 

 

 
      2,625,847   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

Boingo Wireless, Inc. (a)

    17,390        178,769   

Shenandoah Telecommunications Co.

    22,906        623,272   

Spok Holdings, Inc.

    11,723        208,903   
   

 

 

 
      1,010,944   
   

 

 

 

Total Common Stocks
(Cost $624,848,897)

      830,327,872   
   

 

 

 
Mutual Fund—1.4%   

Investment Company Security—1.4%

  

iShares Russell 2000 Index Fund (b)
(Cost $12,213,118)

    99,000        12,296,790   
   

 

 

 
Rights—0.0%   

Biotechnology—0.0%

  

Dyax Corp., Expires 12/31/19 (a) (c) (d)

    69,204        169,550   
   

 

 

 

Machinery—0.0%

  

Gerber Scientific, Inc. (a) (c)

    14,024        0   
   

 

 

 

Wireless Telecommunication Services—0.0%

  

Leap Wireless International, Inc., Expires 03/13/17 (a) (c) (d)

    27,485        69,262   
   

 

 

 

Total Rights
(Cost $146,078)

      238,812   
   

 

 

 
Short-Term Investments—2.8%   

Discount Notes—1.6%

  

Federal Home Loan Bank

   

0.296%, 10/17/16 (f)

    725,000        724,900   

0.302%, 10/26/16 (f)

    2,700,000        2,699,419   

0.349%, 10/18/16 (f)

    7,375,000        7,373,733   

0.349%, 10/12/16 (f)

    450,000        449,948   

0.445%, 03/24/17 (f)

    2,350,000        2,345,002   
   

 

 

 
      13,593,002   
   

 

 

 

U.S. Treasury—1.2%

  

U.S. Treasury Bills

   

0.250%, 11/03/16 (f)

    4,350,000      4,348,989   

0.294%, 11/17/16 (f)

    950,000        949,633   

0.319%, 12/01/16 (f)

    1,175,000        1,174,364   

0.384%, 03/16/17 (f)

    1,625,000        1,622,149   

0.424%, 02/16/17 (f)

    2,125,000        2,121,574   
   

 

 

 
      10,216,709   
   

 

 

 

Total Short-Term Investments
(Cost $23,809,711)

      23,809,711   
   

 

 

 
Securities Lending Reinvestments (g)—9.0%   

Certificates of Deposit—1.4%

  

Bank of Montreal
0.500%, 10/24/16

    1,500,000        1,500,000   

Chiba Bank, Ltd., New York
0.870%, 11/30/16

    1,500,000        1,500,253   

DZ Bank AG
0.950%, 01/03/17

    1,500,000        1,500,000   

KBC Bank NV
1.000%, 01/04/17

    1,500,000        1,500,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    1,500,000        1,500,002   

National Bank of Canada
0.480%, 10/28/16

    1,500,000        1,499,991   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    1,500,000        1,500,044   

Swedbank
0.350%, 10/03/16

    1,500,000        1,499,997   
   

 

 

 
      12,000,287   
   

 

 

 

Commercial Paper—0.6%

  

Credit Suisse AG
0.971%, 10/19/16

    1,500,000        1,499,984   

Manhattan Asset Funding
0.740%, 11/28/16

    1,750,000        1,748,266   

Victory Receivables Corp.
1.050%, 01/04/17

    1,750,000        1,745,560   
   

 

 

 
      4,993,810   
   

 

 

 

Money Market Fund—0.3%

  

Dreyfus Treasury Cash Management Fund

    3,000,000        3,000,000   
   

 

 

 

Repurchase Agreements—6.0%

  

Citigroup Global Markets, Ltd. 
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $7,600,591 on 10/03/16, collateralized by $7,182,114 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $7,752,002.

    7,600,000        7,600,000   

 

MSF-239


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (g)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

Deutsche Bank AG, London 
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $2,500,174 on 10/03/16, collateralized by $2,454,308 Corporate and Foreign Bonds with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $2,550,002.

    2,500,000      $ 2,500,000   

HSBC Securities, Inc. 
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $7,000,263 on 10/03/16, collateralized by $5,521,600 U.S. Treasury Note at 3.625% due 08/15/43 with a value of $7,140,098.

    7,000,000        7,000,000   

Macquarie Bank, Ltd. 
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $5,600,451 on 10/03/16, collateralized by $5,346,202 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $5,714,389.

    5,600,000        5,600,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc. 
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $45,644 on 10/03/16, collateralized by $37,709 U.S. Treasury Obligations with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $46,555.

    45,642        45,642   

Natixis New York 
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $11,000,642 on 10/03/16, collateralized by $17,595,171 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $11,220,655.

    11,000,000        11,000,000   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $3,400,245 on 10/04/16, collateralized by $3,270,031 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $3,468,000.

    3,400,000        3,400,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $10,000,433 on 10/03/16, collateralized by $14,118,753 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $10,200,000.

    10,000,000        10,000,000   

Repurchase Agreements—(Continued)

  

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $5,400,207 on 10/03/16, collateralized by $5,055,373 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $5,508,111.

    5,400,000      5,400,000   
   

 

 

 
      52,545,642   
   

 

 

 

Time Deposits—0.7%

  

ANZ London
0.420%, 10/03/16

    100,000        100,000   

Canadian Imperial Bank
0.260%, 10/03/16

    3,000,000        3,000,000   

DBS Bank, Ltd., Singapore
0.380%, 10/04/16

    1,500,000        1,500,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    900,000        900,000   

Royal Bank of Canada
0.280%, 10/03/16

    900,000        900,000   
   

 

 

 
      6,400,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $78,939,128)

      78,939,739   
   

 

 

 

Total Investments—109.0%
(Cost $739,956,932) (h)

      945,612,924   

Other assets and liabilities (net)—(9.0)%

      (78,403,739
   

 

 

 
Net Assets—100.0%     $ 867,209,185   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $73,573,439 and the collateral received consisted of cash in the amount of $75,939,072. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Illiquid security. As of September 30, 2016, these securities represent 0.0% of net assets.
(d) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent less than 0.05% of net assets.
(e) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2016, the market value of securities pledged was $2,807,213.
(f) The rate shown represents current yield to maturity.
(g) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(h) As of September 30, 2016, the aggregate cost of investments was $739,956,932. The aggregate unrealized appreciation and depreciation of investments were $256,780,981 and $(51,124,989), respectively, resulting in net unrealized appreciation of $205,655,992.

 

MSF-240


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Appreciation
 

Russell 2000 Mini Index Futures

     12/16/16         197         USD         24,507,666       $ 83,844   
              

 

 

 

 

(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 September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 13,184,281       $ —         $ —         $ 13,184,281   

Air Freight & Logistics

     4,504,035         —           —           4,504,035   

Airlines

     3,250,839         —           —           3,250,839   

Auto Components

     10,260,416         —           —           10,260,416   

Automobiles

     288,897         —           —           288,897   

Banks

     81,061,442         —           —           81,061,442   

Beverages

     1,755,829         —           —           1,755,829   

Biotechnology

     43,961,679         —           —           43,961,679   

Building Products

     9,822,792         —           —           9,822,792   

Capital Markets

     10,744,485         —           —           10,744,485   

Chemicals

     20,387,476         —           —           20,387,476   

Commercial Services & Supplies

     19,222,872         —           —           19,222,872   

Communications Equipment

     15,499,497         —           —           15,499,497   

Construction & Engineering

     7,325,658         —           —           7,325,658   

Construction Materials

     1,597,491         —           —           1,597,491   

Consumer Finance

     4,676,972         —           —           4,676,972   

Containers & Packaging

     1,262,475         —           —           1,262,475   

Distributors

     818,961         —           —           818,961   

Diversified Consumer Services

     7,967,425         —           —           7,967,425   

Diversified Financial Services

     785,602         —           —           785,602   

Diversified Telecommunication Services

     5,114,997         —           —           5,114,997   

Electric Utilities

     9,683,727         —           —           9,683,727   

Electrical Equipment

     5,863,104         —           —           5,863,104   

Electronic Equipment, Instruments & Components

     22,780,152         —           —           22,780,152   

Energy Equipment & Services

     8,564,785         —           —           8,564,785   

Equity Real Estate Investment Trusts

     64,886,884         —           —           64,886,884   

 

MSF-241


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Food & Staples Retailing

   $ 4,661,039       $ —         $ —         $ 4,661,039   

Food Products

     12,081,771         —           —           12,081,771   

Gas Utilities

     9,717,448         —           —           9,717,448   

Health Care Equipment & Supplies

     28,088,406         —           —           28,088,406   

Health Care Providers & Services

     18,759,485         —           —           18,759,485   

Health Care Technology

     4,801,503         —           —           4,801,503   

Hotels, Restaurants & Leisure

     24,095,470         —           —           24,095,470   

Household Durables

     10,986,115         —           —           10,986,115   

Household Products

     2,342,003         —           —           2,342,003   

Independent Power and Renewable Electricity Producers

     5,136,752         —           —           5,136,752   

Industrial Conglomerates

     429,694         —           —           429,694   

Insurance

     19,403,758         —           —           19,403,758   

Internet & Direct Marketing Retail

     4,975,281         —           —           4,975,281   

Internet Software & Services

     20,985,849         —           —           20,985,849   

IT Services

     17,628,636         —           —           17,628,636   

Leisure Products

     2,218,715         —           —           2,218,715   

Life Sciences Tools & Services

     6,176,475         —           —           6,176,475   

Machinery

     29,127,514         —           —           29,127,514   

Marine

     1,033,861         —           —           1,033,861   

Media

     13,507,847         —           —           13,507,847   

Metals & Mining

     10,559,208         —           —           10,559,208   

Mortgage Real Estate Investment Trusts

     9,808,208         —           34,325         9,842,533   

Multi-Utilities

     4,455,720         —           —           4,455,720   

Multiline Retail

     1,590,657         —           —           1,590,657   

Oil, Gas & Consumable Fuels

     18,408,816         —           —           18,408,816   

Paper & Forest Products

     5,044,056         —           —           5,044,056   

Personal Products

     2,564,716         —           —           2,564,716   

Pharmaceuticals

     15,851,763         —           —           15,851,763   

Professional Services

     10,991,408         —           —           10,991,408   

Real Estate Management & Development

     4,362,623         —           —           4,362,623   

Road & Rail

     4,022,464         —           —           4,022,464   

Semiconductors & Semiconductor Equipment

     31,727,148         —           —           31,727,148   

Software

     35,315,159         —           —           35,315,159   

Specialty Retail

     21,037,421         —           —           21,037,421   

Technology Hardware, Storage & Peripherals

     5,651,782         —           —           5,651,782   

Textiles, Apparel & Luxury Goods

     7,002,645         —           —           7,002,645   

Thrifts & Mortgage Finance

     16,998,841         —           —           16,998,841   

Tobacco

     1,569,660         —           —           1,569,660   

Trading Companies & Distributors

     8,264,066         —           —           8,264,066   

Water Utilities

     2,625,847         —           —           2,625,847   

Wireless Telecommunication Services

     1,010,944         —           —           1,010,944   

Total Common Stocks

     830,293,547         —           34,325         830,327,872   

Total Mutual Fund*

     12,296,790         —           —           12,296,790   

Total Rights*

     —           —           238,812         238,812   
Short-Term Investments            

Discount Notes

     —           13,593,002         —           13,593,002   

U.S. Treasury

     —           10,216,709         —           10,216,709   

Total Short-Term Investments

     —           23,809,711         —           23,809,711   
Securities Lending Reinvestments            

Certificates of Deposit

     —           12,000,287         —           12,000,287   

Commercial Paper

     —           4,993,810         —           4,993,810   

Money Market Fund

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

Repurchase Agreements

     —           52,545,642         —           52,545,642   

Time Deposits

     —           6,400,000         —           6,400,000   

Total Securities Lending Reinvestments

     3,000,000         75,939,739         —           78,939,739   

Total Investments

   $ 845,590,337       $ 99,749,450       $ 273,137       $ 945,612,924   
                                     

 

MSF-242


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Collateral for Securities Loaned (Liability)

   $ —         $ (75,939,072   $         —         $ (75,939,072
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 83,844       $ —        $ —         $ 83,844   

 

* 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      Transfer
Into
Level 3
     Balance as of
September 30,
2016
     Change in
Unrealized
Appreciation /
Depreciation
from Investments
Still Held at
September 30,
2016
 

Common Stock

                

Mortgage Real Estate Investments Trusts

   $       $ (122,997   $       $ 157,322       $ 34,325       $ (122,997
Rights                 

Biotechnology

             92,733        76,817                 169,550         92,733   

Machinery

     0         0                        0         0   

Wireless Telecommunication Services

     69,262         0                        69,262         0   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 69,262       $ (30,264   $ 76,817       $ 157,322       $ 273,137       $ (30,264
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

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.    

 

MSF-243


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—98.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.2%

  

Boeing Co. (The)

    206,700      $ 27,230,658   
   

 

 

 

Air Freight & Logistics—0.6%

  

FedEx Corp.

    81,000        14,149,080   
   

 

 

 

Airlines—2.1%

  

American Airlines Group, Inc.

    1,026,200        37,569,182   

Delta Air Lines, Inc.

    236,100        9,292,896   
   

 

 

 
      46,862,078   
   

 

 

 

Auto Components—0.6%

  

Delphi Automotive plc

    194,900        13,900,268   
   

 

 

 

Automobiles—1.7%

  

Ferrari NV

    276,720        14,353,466   

Tesla Motors, Inc. (a) (b)

    115,420        23,549,143   
   

 

 

 
      37,902,609   
   

 

 

 

Biotechnology—4.0%

  

Alexion Pharmaceuticals, Inc. (a)

    176,667        21,648,774   

Biogen, Inc. (a)

    74,790        23,411,514   

BioMarin Pharmaceutical, Inc. (a)

    47,000        4,348,440   

Celgene Corp. (a)

    154,634        16,163,892   

Incyte Corp. (a)

    57,200        5,393,388   

Vertex Pharmaceuticals, Inc. (a)

    218,500        19,055,385   
   

 

 

 
      90,021,393   
   

 

 

 

Capital Markets—4.2%

  

BlackRock, Inc.

    13,000        4,711,980   

Intercontinental Exchange, Inc.

    90,908        24,486,979   

Morgan Stanley

    1,049,200        33,637,352   

State Street Corp.

    230,300        16,035,789   

TD Ameritrade Holding Corp.

    477,341        16,821,497   
   

 

 

 
      95,693,597   
   

 

 

 

Chemicals—0.6%

  

Ashland Global Holdings, Inc.

    118,500        13,740,075   
   

 

 

 

Communications Equipment—0.4%

  

Palo Alto Networks, Inc. (a)

    58,900        9,384,537   
   

 

 

 

Construction Materials—0.3%

  

Martin Marietta Materials, Inc.

    36,100        6,465,871   
   

 

 

 

Electric Utilities—0.5%

  

NextEra Energy, Inc.

    96,400        11,791,648   
   

 

 

 

Equity Real Estate Investment Trusts—2.8%

  

American Tower Corp.

    341,700        38,724,861   

Crown Castle International Corp.

    174,678        16,456,414   

Equinix, Inc.

    24,800        8,934,200   
   

 

 

 
      64,115,475   
   

 

 

 

Food & Staples Retailing—1.5%

  

Costco Wholesale Corp.

    55,900      8,525,309   

Walgreens Boots Alliance, Inc.

    319,900        25,790,338   
   

 

 

 
      34,315,647   
   

 

 

 

Food Products—0.8%

  

Mondelez International, Inc. - Class A

    399,100        17,520,490   
   

 

 

 

Health Care Equipment & Supplies—4.5%

  

Danaher Corp.

    571,900        44,831,241   

Intuitive Surgical, Inc. (a)

    49,400        35,806,602   

Stryker Corp.

    184,400        21,466,004   
   

 

 

 
      102,103,847   
   

 

 

 

Health Care Providers & Services—5.5%

  

Aetna, Inc.

    217,850        25,150,782   

Anthem, Inc.

    116,300        14,573,553   

Centene Corp. (a)

    76,999        5,155,853   

Cigna Corp.

    118,400        15,429,888   

Humana, Inc.

    146,592        25,930,659   

McKesson Corp.

    38,900        6,486,575   

UnitedHealth Group, Inc.

    225,200        31,528,000   
   

 

 

 
      124,255,310   
   

 

 

 

Hotels, Restaurants & Leisure—3.3%

  

Las Vegas Sands Corp.

    378,700        21,790,398   

Marriott International, Inc. - Class A

    248,700        16,744,971   

MGM Resorts International (a)

    1,141,720        29,718,972   

Starbucks Corp.

    134,700        7,292,658   
   

 

 

 
      75,546,999   
   

 

 

 

Industrial Conglomerates—0.8%

  

Roper Technologies, Inc.

    100,340        18,309,040   
   

 

 

 

Internet & Direct Marketing Retail—14.9%

  

Amazon.com, Inc. (a)

    248,705        208,243,183   

Ctrip.com International, Ltd. (ADR) (a) (b)

    247,800        11,540,046   

Netflix, Inc. (a)

    182,056        17,941,619   

Priceline Group, Inc. (The) (a)

    69,940        102,916,011   
   

 

 

 
      340,640,859   
   

 

 

 

Internet Software & Services—14.6%

  

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

    223,200        23,612,328   

Alphabet, Inc. - Class A (a)

    102,670        82,552,840   

Alphabet, Inc. - Class C (a)

    91,002        70,734,944   

Dropbox, Inc. - Class A (a) (c) (d)

    214,763        1,922,129   

Facebook, Inc. - Class A (a)

    824,800        105,797,096   

Tencent Holdings, Ltd.

    1,177,385        32,623,195   

VeriSign, Inc. (a) (b)

    210,965        16,505,902   
   

 

 

 
      333,748,434   
   

 

 

 

IT Services—8.0%

  

Fiserv, Inc. (a)

    143,200        14,244,104   

MasterCard, Inc.

    580,700        59,097,839   

 

MSF-244


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

IT Services—(Continued)

  

PayPal Holdings, Inc. (a)

    1,120,030      $ 45,887,629   

Visa, Inc. - Class A

    773,920        64,003,184   
   

 

 

 
      183,232,756   
   

 

 

 

Life Sciences Tools & Services—0.5%

  

Illumina, Inc. (a)

    59,905        10,882,342   
   

 

 

 

Machinery—1.2%

  

Fortive Corp.

    296,650        15,099,485   

Illinois Tool Works, Inc.

    37,400        4,482,016   

Wabtec Corp.

    95,923        7,832,113   
   

 

 

 
      27,413,614   
   

 

 

 

Media—0.1%

  

Walt Disney Co. (The)

    32,046        2,975,792   
   

 

 

 

Pharmaceuticals—2.9%

  

Allergan plc (a)

    100,083        23,050,116   

Bristol-Myers Squibb Co.

    538,899        29,057,434   

Zoetis, Inc.

    286,000        14,874,860   
   

 

 

 
      66,982,410   
   

 

 

 

Professional Services—0.4%

  

IHS Markit, Ltd. (a)

    237,580        8,921,129   
   

 

 

 

Real Estate Management & Development—0.0%

  

WeWork Cos., Inc. - Class A (a) (c) (d)

    7,199        270,999   
   

 

 

 

Road & Rail—0.1%

  

Kansas City Southern

    32,200        3,004,904   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.3%

  

ASML Holding NV (b)

    163,400        17,905,372   

NXP Semiconductors NV (a)

    338,943        34,575,575   
   

 

 

 
      52,480,947   
   

 

 

 

Software—7.3%

  

Microsoft Corp.

    1,314,900        75,738,240   

Mobileye NV (a)

    294,873        12,552,743   

NetSuite, Inc. (a)

    168,732        18,676,945   

Salesforce.com, Inc. (a)

    522,760        37,288,471   

ServiceNow, Inc. (a)

    275,513        21,806,854   
   

 

 

 
      166,063,253   
   

 

 

 

Specialty Retail—4.6%

  

AutoZone, Inc. (a)

    33,878        26,029,822   

Lowe’s Cos., Inc.

    355,400        25,663,434   

O’Reilly Automotive, Inc. (a)

    26,100        7,310,871   

Ross Stores, Inc.

    290,600        18,685,580   

Signet Jewelers, Ltd. (b)

    109,503        8,161,259   

Tractor Supply Co.

    266,571        17,953,557   
   

 

 

 
      103,804,523   
   

 

 

 

Technology Hardware, Storage & Peripherals—3.3%

  

Apple, Inc.

    666,140      75,307,127   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.8%

  

Hanesbrands, Inc.

    722,800        18,250,700   
   

 

 

 

Tobacco—1.3%

  

Philip Morris International, Inc.

    296,500        28,825,730   
   

 

 

 

Wireless Telecommunication Services—0.4%

  

T-Mobile U.S., Inc. (a)

    214,600        10,026,112   
   

 

 

 

Total Common Stocks
(Cost $1,687,134,535)

      2,236,140,253   
   

 

 

 
Convertible Preferred Stocks—1.2%   

Internet Software & Services—0.6%

  

Airbnb, Inc. - Series D (a) (c) (d)

    97,047        10,189,935   

Airbnb, Inc. - Series E (a) (c) (d)

    9,760        1,024,800   

Living Social, Inc. - Class F (a) (c) (d)

    101,591        0   

Xiaoju Kuaizhi, Inc. -
Series A-17 (a) (c) (d)

    91,053        3,480,692   
   

 

 

 
      14,695,427   
   

 

 

 

Real Estate Management & Development—0.1%

  

WeWork Cos., Inc. - Series E (a) (c) (d)

    64,744        2,437,223   
   

 

 

 

Software—0.5%

  

Magic Leap, Inc. - Series C (a) (c) (d)

    124,428        2,865,950   

Snapchat, Inc. - Series F (a) (c) (d)

    108,803        3,342,429   

UBER Technologies, Inc. -
Series G (a) (c) (d)

    98,227        4,790,747   
   

 

 

 
      10,999,126   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $21,266,679)

      28,131,776   
   

 

 

 
Short-Term Investment—0.4%   

Mutual Fund—0.4%

  

T. Rowe Price Government Reserve Investment Fund (e)

    8,390,307        8,390,307   
   

 

 

 

Total Short-Term Investments
(Cost $8,390,307)

      8,390,307   
   

 

 

 
Securities Lending Reinvestments (f)—1.5%   

Money Market Fund—0.1%

  

Dreyfus Treasury Cash Management Fund

    3,000,000        3,000,000   
   

 

 

 

 

MSF-245


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (f)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—1.3%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $5,100,397 on 10/03/16, collateralized by $4,819,577 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $5,202,001.

    5,100,000      $ 5,100,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $5,100,354 on 10/03/16, collateralized by $5,006,789 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $5,202,005.

    5,100,000        5,100,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $6,000,225 on 10/03/16, collateralized by $4,732,800 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $6,120,084.

    6,000,000        6,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $2,300,199 on 10/03/16, collateralized by $2,195,762 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $2,346,981.

    2,300,000        2,300,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $110,978 on 10/03/16, collateralized by $91,685 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $113,193.

    110,974        110,974   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $2,000,117 on 10/03/16, collateralized by $3,199,122 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $2,040,119.

    2,000,000        2,000,000   

Nomura Securities

   

Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $2,100,151 on 10/04/16, collateralized by $2,019,725 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $2,142,000.

    2,100,000        2,100,000   

Repurchase Agreements—(Continued)

  

Nomura Securities

   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $2,000,087 on 10/03/16, collateralized by $2,823,751 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $2,040,000.

    2,000,000      2,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $5,000,192 on 10/03/16, collateralized by $4,680,901 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $5,100,103.

    5,000,000        5,000,000   
   

 

 

 
      29,710,974   
   

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    66,355        66,355   

Den Norske Bank, Oslo
0.400%, 10/03/16

    800,000        800,000   

Royal Bank of Canada
0.280%, 10/03/16

    900,000        900,000   
   

 

 

 
      1,766,355   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $34,477,329)

      34,477,329   
   

 

 

 

Total Investments—101.2%
(Cost $1,751,268,850) (g)

      2,307,139,665   

Other assets and liabilities
(net)—(1.2)%

      (27,327,543
   

 

 

 
Net Assets—100.0%     $ 2,279,812,122   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $33,786,972 and the collateral received consisted of cash in the amount of $34,477,329. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent 1.3% 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 September 30, 2016, the market value of restricted securities was $30,324,904, which is 1.3% of net assets. See details shown in the Restricted Securities table that follows.
(e) Affiliated Issuer.

 

MSF-246


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

(f) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(g) As of September 30, 2016, the aggregate cost of investments was $1,751,268,850. The aggregate unrealized appreciation and depreciation of investments were $591,770,810 and $(35,899,995), respectively, resulting in net unrealized appreciation of $555,870,815.
(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       $ 3,951,078       $ 10,189,935   

Airbnb, Inc. - Series E

     07/14/15         9,760         908,601         1,024,800   

Dropbox, Inc. - Class A

     11/07/14         214,763         4,102,231         1,922,129   

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   

Snapchat, Inc. - Series F

     05/06/16         108,803         3,342,428         3,342,429   

UBER Technologies, Inc. - Series G

     12/03/15         98,227         4,790,747         4,790,747   

WeWork Cos., Inc. - Class A

     06/23/15         7,199         236,772         270,999   

WeWork Cos., Inc. - Series E

     06/23/15         64,744         2,129,402         2,437,223   

Xiaoju Kuaizhi, Inc. - Series A-17

     10/19/15         91,053         2,497,238         3,480,692   
           

 

 

 
            $ 30,324,904   
           

 

 

 

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-247


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 27,230,658       $ —        $ —         $ 27,230,658   

Air Freight & Logistics

     14,149,080         —          —           14,149,080   

Airlines

     46,862,078         —          —           46,862,078   

Auto Components

     13,900,268         —          —           13,900,268   

Automobiles

     37,902,609         —          —           37,902,609   

Biotechnology

     90,021,393         —          —           90,021,393   

Capital Markets

     95,693,597         —          —           95,693,597   

Chemicals

     13,740,075         —          —           13,740,075   

Communications Equipment

     9,384,537         —          —           9,384,537   

Construction Materials

     6,465,871         —          —           6,465,871   

Electric Utilities

     11,791,648         —          —           11,791,648   

Equity Real Estate Investment Trusts

     64,115,475         —          —           64,115,475   

Food & Staples Retailing

     34,315,647         —          —           34,315,647   

Food Products

     17,520,490         —          —           17,520,490   

Health Care Equipment & Supplies

     102,103,847         —          —           102,103,847   

Health Care Providers & Services

     124,255,310         —          —           124,255,310   

Hotels, Restaurants & Leisure

     75,546,999         —          —           75,546,999   

Industrial Conglomerates

     18,309,040         —          —           18,309,040   

Internet & Direct Marketing Retail

     340,640,859         —          —           340,640,859   

Internet Software & Services

     299,203,110         32,623,195        1,922,129         333,748,434   

IT Services

     183,232,756         —          —           183,232,756   

Life Sciences Tools & Services

     10,882,342         —          —           10,882,342   

Machinery

     27,413,614         —          —           27,413,614   

Media

     2,975,792         —          —           2,975,792   

Pharmaceuticals

     66,982,410         —          —           66,982,410   

Professional Services

     8,921,129         —          —           8,921,129   

Real Estate Management & Development

     —           —          270,999         270,999   

Road & Rail

     3,004,904         —          —           3,004,904   

Semiconductors & Semiconductor Equipment

     52,480,947         —          —           52,480,947   

Software

     166,063,253         —          —           166,063,253   

Specialty Retail

     103,804,523         —          —           103,804,523   

Technology Hardware, Storage & Peripherals

     75,307,127         —          —           75,307,127   

Textiles, Apparel & Luxury Goods

     18,250,700         —          —           18,250,700   

Tobacco

     28,825,730         —          —           28,825,730   

Wireless Telecommunication Services

     10,026,112         —          —           10,026,112   

Total Common Stocks

     2,201,323,930         32,623,195        2,193,128         2,236,140,253   

Total Convertible Preferred Stocks*

     —           —          28,131,776         28,131,776   

Total Short-Term Investment*

     8,390,307         —          —           8,390,307   
Securities Lending Reinvestments           

Money Market Fund

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

Repurchase Agreements

     —           29,710,974        —           29,710,974   

Time Deposits

     —           1,766,355        —           1,766,355   

Total Securities Lending Reinvestments

     3,000,000         31,477,329        —           34,477,329   

Total Investments

   $ 2,212,714,237       $ 64,100,524      $ 30,324,904       $ 2,307,139,665   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (34,477,329   $ —         $ (34,477,329

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-248


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 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
September 30,
2016
     Change in Unrealized
Appreciation/
Depreciation from
Investments Still Held at
September 30,  2016
 
Common Stock              

Internet Software & Services

   $ 2,018,772       $ (96,643   $ —         $ 1,922,129       $ (96,643

Real Estate Management & Development

     236,772         34,227        —           270,999         34,227   

Convertible Preferred Stocks

             

Internet Software & Services

     11,718,487         2,976,940        —           14,695,427         2,976,940   

Real Estate Management & Development

     2,129,403         307,820        —           2,437,223         307,820   

Software

     4,790,750         (2     6,208,378         10,999,126         (2
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 20,894,184       $ 3,222,342      $ 6,208,378       $ 30,324,904       $ 3,222,342   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Following is quantitative information about Level 3 fair value measurements:

 

    Fair Value at
September 30, 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

    $1,922,129        M&A Transaction        Enterprise Value/
TTM Revenue
       9.1x        9.1x        9.1x        Increase   
      Comparable Company
Analysis
       Enterprise Value/Revenue        6.3x        6.3x        6.3x        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

    11,214,735        Market Transaction Method        Precedent Transaction        $105.00        $105.00        $105.00        Increase   
    0        Asset Approach        Liquidation Value        $0.00        $0.00        $0.00        Increase   
    3,480,692        Market Transaction Method        Precedent Transaction        $38.23        $38.23        $38.23        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   
    3,342,429        Market Transaction Method        Precedent Transaction        $30.72        $30.72        $30.72        Increase   
    4,790,747        Market Transaction Method        Precedent Transaction        $48.77        $48.77        $48.77        Increase   

 

MSF-249


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—99.4% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.7%

  

Aerojet Rocketdyne Holdings, Inc. (a)

    163,400      $ 2,872,572   

Esterline Technologies Corp. (a)

    27,100        2,060,684   

HEICO Corp. - Class A

    124,481        7,532,345   

Hexcel Corp.

    112,500        4,983,750   

Moog, Inc. - Class A (a)

    102,400        6,096,896   

Teledyne Technologies, Inc. (a)

    93,100        10,048,283   
   

 

 

 
      33,594,530   
   

 

 

 

Airlines—0.4%

  

Allegiant Travel Co.

    19,400        2,562,158   

Spirit Airlines, Inc. (a)

    64,000        2,721,920   
   

 

 

 
      5,284,078   
   

 

 

 

Auto Components—0.5%

  

Gentherm, Inc. (a)

    57,700        1,812,934   

Tenneco, Inc. (a)

    86,900        5,063,663   
   

 

 

 
      6,876,597   
   

 

 

 

Banks—1.1%

  

CenterState Banks, Inc.

    36,000        638,280   

Signature Bank (a)

    51,800        6,135,710   

SVB Financial Group (a)

    44,600        4,930,084   

Texas Capital Bancshares, Inc. (a)

    30,400        1,669,568   
   

 

 

 
      13,373,642   
   

 

 

 

Beverages—0.4%

  

Boston Beer Co., Inc. (The) - Class A (a)

    29,387        4,562,626   
   

 

 

 

Biotechnology—5.7%

  

ACADIA Pharmaceuticals, Inc. (a) (b)

    102,000        3,244,620   

Acceleron Pharma, Inc. (a)

    31,500        1,139,985   

Acorda Therapeutics, Inc. (a)

    45,900        958,392   

Agios Pharmaceuticals, Inc. (a) (b)

    28,000        1,478,960   

Alkermes plc (a)

    42,800        2,012,884   

Alnylam Pharmaceuticals, Inc. (a)

    26,600        1,802,948   

AMAG Pharmaceuticals, Inc. (a)

    49,400        1,210,794   

ARIAD Pharmaceuticals, Inc. (a)

    118,400        1,620,896   

Bellicum Pharmaceuticals, Inc. (a)

    26,300        523,370   

BioMarin Pharmaceutical, Inc. (a)

    9,000        832,680   

Bluebird Bio, Inc. (a) (b)

    44,500        3,016,210   

Cepheid, Inc. (a)

    73,800        3,888,522   

Exelixis, Inc. (a)

    313,900        4,014,781   

Incyte Corp. (a)

    44,705        4,215,234   

Insmed, Inc. (a)

    150,000        2,178,000   

Insys Therapeutics, Inc. (a) (b)

    27,900        328,941   

Ionis Pharmaceuticals, Inc. (a)

    58,800        2,154,432   

Ligand Pharmaceuticals, Inc. (a) (b)

    48,700        4,970,322   

Neurocrine Biosciences, Inc. (a)

    147,400        7,464,336   

Ophthotech Corp. (a)

    28,400        1,310,092   

Opko Health, Inc. (a) (b)

    235,500        2,493,945   

Prothena Corp. plc (a) (b)

    41,800        2,506,746   

Regulus Therapeutics, Inc. (a)

    32,500        107,250   

Repligen Corp. (a)

    64,400        1,944,236   

Seattle Genetics, Inc. (a)

    53,700        2,900,337   

Spark Therapeutics, Inc. (a) (b)

    41,400        2,486,484   

Biotechnology—(Continued)

  

TESARO, Inc. (a) (b)

    54,900      5,503,176   

Ultragenyx Pharmaceutical, Inc. (a)

    37,100        2,631,874   

United Therapeutics Corp. (a)

    27,500        3,247,200   
   

 

 

 
      72,187,647   
   

 

 

 

Building Products—1.4%

  

AAON, Inc.

    128,199        3,694,695   

Lennox International, Inc. (b)

    60,100        9,437,503   

Patrick Industries, Inc. (a)

    71,900        4,452,048   
   

 

 

 
      17,584,246   
   

 

 

 

Capital Markets—3.3%

  

Affiliated Managers Group, Inc. (a)

    6,549        947,640   

CBOE Holdings, Inc.

    123,400        8,002,490   

E*Trade Financial Corp. (a)

    188,160        5,479,219   

FactSet Research Systems, Inc.

    33,500        5,430,350   

Financial Engines, Inc.

    62,500        1,856,875   

MarketAxess Holdings, Inc.

    80,500        13,329,995   

MSCI, Inc.

    82,978        6,965,173   

Waddell & Reed Financial, Inc. - Class A

    12,922        234,664   
   

 

 

 
      42,246,406   
   

 

 

 

Chemicals—2.1%

  

GCP Applied Technologies, Inc. (a)

    189,700        5,372,304   

Minerals Technologies, Inc.

    59,200        4,184,848   

NewMarket Corp.

    14,900        6,396,868   

PolyOne Corp.

    172,100        5,818,701   

Stepan Co.

    37,700        2,739,282   

WR Grace & Co.

    36,800        2,715,840   
   

 

 

 
      27,227,843   
   

 

 

 

Commercial Services & Supplies—1.8%

  

Clean Harbors, Inc. (a)

    52,800        2,533,344   

Healthcare Services Group, Inc.

    127,400        5,042,492   

Rollins, Inc. (b)

    220,525        6,456,972   

U.S. Ecology, Inc.

    95,300        4,273,252   

Waste Connections, Inc.

    36,900        2,756,430   

West Corp.

    59,700        1,318,176   
   

 

 

 
      22,380,666   
   

 

 

 

Communications Equipment—1.2%

  

ARRIS International plc (a)

    217,800        6,170,274   

EchoStar Corp. - Class A (a)

    51,200        2,244,096   

NetScout Systems, Inc. (a)

    65,000        1,901,250   

Plantronics, Inc.

    88,400        4,593,264   
   

 

 

 
      14,908,884   
   

 

 

 

Construction & Engineering—0.2%

  

Valmont Industries, Inc.

    19,300        2,597,201   
   

 

 

 

Consumer Finance—0.2%

  

PRA Group, Inc. (a)

    78,600        2,714,844   
   

 

 

 

 

MSF-250


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Containers & Packaging—1.4%

  

Berry Plastics Group, Inc. (a)

    231,500      $ 10,151,275   

Graphic Packaging Holding Co.

    501,000        7,008,990   
   

 

 

 
      17,160,265   
   

 

 

 

Distributors—0.8%

  

Pool Corp.

    100,900        9,537,068   
   

 

 

 

Diversified Consumer Services—1.6%

  

Capella Education Co.

    50,100        2,907,804   

Service Corp. International

    305,900        8,118,586   

ServiceMaster Global Holdings, Inc. (a)

    215,200        7,247,936   

Sotheby’s (b)

    51,400        1,954,228   
   

 

 

 
      20,228,554   
   

 

 

 

Electrical Equipment—1.0%

  

Acuity Brands, Inc.

    25,000        6,615,000   

AZZ, Inc.

    69,500        4,536,265   

Generac Holdings, Inc. (a)

    49,100        1,782,330   
   

 

 

 
      12,933,595   
   

 

 

 

Electronic Equipment, Instruments & Components—1.7%

  

Anixter International, Inc. (a)

    39,000        2,515,500   

Cognex Corp.

    135,300        7,151,958   

Coherent, Inc. (a)

    64,300        7,107,722   

OSI Systems, Inc. (a)

    51,300        3,353,994   

VeriFone Systems, Inc. (a)

    80,100        1,260,774   
   

 

 

 
      21,389,948   
   

 

 

 

Energy Equipment & Services—0.6%

  

Core Laboratories NV

    10,700        1,201,931   

Dril-Quip, Inc. (a)

    42,900        2,391,246   

Oceaneering International, Inc.

    70,600        1,942,206   

Oil States International, Inc. (a)

    39,800        1,256,486   

Tesco Corp.

    50,900        415,344   
   

 

 

 
      7,207,213   
   

 

 

 

Equity Real Estate Investment Trusts—3.4%

  

CoreSite Realty Corp.

    97,300        7,204,092   

CubeSmart

    144,700        3,944,522   

CyrusOne, Inc.

    152,600        7,259,182   

Equity Lifestyle Properties, Inc.

    115,000        8,875,700   

FelCor Lodging Trust, Inc.

    532,500        3,423,975   

First Industrial Realty Trust, Inc.

    126,500        3,569,830   

Forest City Realty Trust, Inc. - Class A

    171,600        3,969,108   

Pebblebrook Hotel Trust

    71,600        1,904,560   

PS Business Parks, Inc.

    24,600        2,793,822   
   

 

 

 
      42,944,791   
   

 

 

 

Food & Staples Retailing—0.9%

  

Casey’s General Stores, Inc.

    98,900        11,882,835   
   

 

 

 

Food Products—2.2%

  

Cal-Maine Foods, Inc. (b)

    83,300        3,210,382   

J&J Snack Foods Corp.

    83,500        9,946,520   

Food Products—(Continued)

  

John B Sanfilippo & Son, Inc.

    25,300      1,298,649   

Post Holdings, Inc. (a) (b)

    93,600        7,223,112   

TreeHouse Foods, Inc. (a)

    67,900        5,920,201   
   

 

 

 
      27,598,864   
   

 

 

 

Health Care Equipment & Supplies—5.2%

  

Abaxis, Inc.

    47,800        2,467,436   

Align Technology, Inc. (a)

    104,200        9,768,750   

Cantel Medical Corp.

    74,000        5,770,520   

Cooper Cos., Inc. (The)

    20,600        3,692,756   

DexCom, Inc. (a)

    81,000        7,100,460   

Halyard Health, Inc. (a)

    80,800        2,800,528   

ICU Medical, Inc. (a)

    55,200        6,976,176   

IDEXX Laboratories, Inc. (a)

    45,500        5,129,215   

Inogen, Inc. (a)

    68,500        4,103,150   

Masimo Corp. (a)

    105,000        6,246,450   

Natus Medical, Inc. (a)

    102,700        4,035,083   

West Pharmaceutical Services, Inc.

    111,300        8,291,850   
   

 

 

 
      66,382,374   
   

 

 

 

Health Care Providers & Services—3.6%

  

Air Methods Corp. (a) (b)

    40,400        1,272,196   

Centene Corp. (a)

    124,287        8,322,258   

Chemed Corp.

    38,900        5,487,623   

Corvel Corp. (a)

    65,800        2,526,720   

HealthSouth Corp.

    97,900        3,971,803   

MEDNAX, Inc. (a)

    51,500        3,411,875   

Surgical Care Affiliates, Inc. (a)

    97,800        4,768,728   

Team Health Holdings, Inc. (a)

    120,300        3,916,968   

U.S. Physical Therapy, Inc.

    79,600        4,990,920   

WellCare Health Plans, Inc. (a)

    63,000        7,376,670   
   

 

 

 
      46,045,761   
   

 

 

 

Health Care Technology—0.3%

  

Omnicell, Inc. (a)

    113,100        4,331,730   
   

 

 

 

Hotels, Restaurants & Leisure—5.9%

  

Brinker International, Inc. (b)

    118,500        5,975,955   

Buffalo Wild Wings, Inc. (a)

    22,800        3,208,872   

Cheesecake Factory, Inc. (The)

    56,500        2,828,390   

Choice Hotels International, Inc.

    64,900        2,925,692   

Churchill Downs, Inc.

    43,400        6,351,590   

Denny’s Corp. (a)

    514,300        5,497,867   

Domino’s Pizza, Inc.

    90,200        13,696,870   

Jack in the Box, Inc.

    74,600        7,157,124   

Marriott Vacations Worldwide Corp.

    89,200        6,540,144   

Red Robin Gourmet Burgers, Inc. (a)

    19,500        876,330   

Six Flags Entertainment Corp.

    100,600        5,393,166   

Vail Resorts, Inc.

    91,000        14,276,080   
   

 

 

 
      74,728,080   
   

 

 

 

Household Durables—0.6%

  

Helen of Troy, Ltd. (a)

    93,400        8,048,278   
   

 

 

 

 

MSF-251


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Products—0.4%

  

Spectrum Brands Holdings, Inc.

    39,500      $ 5,438,755   
   

 

 

 

Insurance—0.4%

  

Amtrust Financial Services, Inc.

    173,256        4,648,458   
   

 

 

 

Internet & Direct Marketing Retail—1.4%

  

HSN, Inc.

    128,000        5,094,400   

Liberty TripAdvisor Holdings, Inc. -
Class A (a)

    145,000        3,168,250   

Liberty Ventures - Series A (a)

    168,800        6,730,056   

Shutterfly, Inc. (a)

    56,000        2,499,840   
   

 

 

 
      17,492,546   
   

 

 

 

Internet Software & Services—2.6%

  

CommerceHub, Inc. - Series A (a)

    17,880        282,504   

CommerceHub, Inc. - Series C (a)

    35,760        568,942   

comScore, Inc. (a)

    85,700        2,627,562   

CoStar Group, Inc. (a)

    20,700        4,482,171   

Envestnet, Inc. (a)

    75,500        2,751,975   

j2 Global, Inc.

    60,300        4,016,583   

LogMeIn, Inc.

    54,900        4,962,411   

MercadoLibre, Inc.

    15,600        2,885,532   

Stamps.com, Inc. (a) (b)

    46,400        4,385,264   

WebMD Health Corp. (a)

    119,300        5,929,210   
   

 

 

 
      32,892,154   
   

 

 

 

IT Services—6.6%

  

Blackhawk Network Holdings, Inc. (a)

    74,100        2,235,597   

Booz Allen Hamilton Holding Corp.

    191,900        6,065,959   

Broadridge Financial Solutions, Inc.

    124,200        8,419,518   

Cardtronics plc - Class A (a)

    126,300        5,632,980   

CoreLogic, Inc. (a)

    168,300        6,600,726   

CSRA, Inc.

    106,800        2,872,920   

DST Systems, Inc.

    63,200        7,452,544   

EPAM Systems, Inc. (a)

    25,200        1,746,612   

Euronet Worldwide, Inc. (a)

    95,100        7,782,033   

Gartner, Inc. (a)

    66,300        5,864,235   

Jack Henry & Associates, Inc.

    49,900        4,268,945   

MAXIMUS, Inc.

    188,000        10,633,280   

Perficient, Inc. (a)

    43,900        884,585   

Travelport Worldwide, Ltd.

    222,900        3,350,187   

WEX, Inc. (a)

    94,000        10,160,460   
   

 

 

 
      83,970,581   
   

 

 

 

Leisure Products—0.6%

  

Brunswick Corp.

    127,000        6,195,060   

Polaris Industries, Inc. (b)

    10,100        782,144   
   

 

 

 
      6,977,204   
   

 

 

 

Life Sciences Tools & Services—3.0%

  

Bio-Rad Laboratories, Inc. - Class A (a)

    29,000        4,750,490   

Bruker Corp.

    144,100        3,263,865   

Cambrex Corp. (a)

    121,300        5,392,998   

Charles River Laboratories International, Inc. (a)

    74,100        6,175,494   

INC Research Holdings, Inc. - Class A (a)

    98,500        4,391,130   

PAREXEL International Corp. (a)

    84,600        5,875,470   

Life Sciences Tools & Services—(Continued)

  

PRA Health Sciences, Inc. (a)

    54,500      3,079,795   

VWR Corp. (a)

    187,100        5,306,156   
   

 

 

 
      38,235,398   
   

 

 

 

Machinery—5.4%

  

Actuant Corp. - Class A

    26,300        611,212   

Chart Industries, Inc. (a)

    14,300        469,469   

Graco, Inc.

    84,800        6,275,200   

Hyster-Yale Materials Handling, Inc.

    11,594        697,147   

IDEX Corp.

    37,800        3,536,946   

John Bean Technologies Corp.

    134,200        9,467,810   

Lincoln Electric Holdings, Inc.

    30,800        1,928,696   

Lydall, Inc. (a)

    48,600        2,484,918   

Manitowoc Foodservice, Inc. (a)

    80,400        1,304,088   

Middleby Corp. (The) (a)

    72,700        8,987,174   

Nordson Corp.

    68,500        6,824,655   

Standex International Corp.

    26,500        2,461,055   

Sun Hydraulics Corp.

    49,100        1,584,457   

Toro Co. (The)

    256,000        11,991,040   

Wabtec Corp.

    54,400        4,441,760   

Woodward, Inc.

    92,700        5,791,896   
   

 

 

 
      68,857,523   
   

 

 

 

Marine—0.5%

  

Kirby Corp. (a)

    49,100        3,052,056   

Matson, Inc.

    70,200        2,799,576   
   

 

 

 
      5,851,632   
   

 

 

 

Media—1.7%

  

Cable One, Inc.

    12,200        7,124,800   

Eros International plc (a) (b)

    55,200        845,664   

Gray Television, Inc. (a)

    190,200        1,970,472   

Live Nation Entertainment, Inc. (a)

    243,400        6,688,632   

Starz - Class A (a)

    177,300        5,529,987   
   

 

 

 
      22,159,555   
   

 

 

 

Metals & Mining—0.2%

  

Compass Minerals International, Inc. (b)

    23,200        1,709,840   

Worthington Industries, Inc.

    28,700        1,378,461   
   

 

 

 
      3,088,301   
   

 

 

 

Multiline Retail—0.4%

  

Big Lots, Inc. (b)

    97,800        4,669,950   
   

 

 

 

Oil, Gas & Consumable Fuels—3.1%

  

Carrizo Oil & Gas, Inc. (a)

    115,700        4,699,734   

Diamondback Energy, Inc. (a)

    63,500        6,130,290   

Gran Tierra Energy, Inc. (a)

    180,900        544,509   

Matador Resources Co. (a) (b)

    246,200        5,992,508   

Parsley Energy, Inc. - Class A (a)

    175,300        5,874,303   

PDC Energy, Inc. (a)

    67,800        4,546,668   

Rice Energy, Inc. (a)

    93,900        2,451,729   

World Fuel Services Corp.

    141,300        6,536,538   

WPX Energy, Inc. (a)

    197,200        2,601,068   
   

 

 

 
      39,377,347   
   

 

 

 

 

MSF-252


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Paper & Forest Products—0.2%

  

Clearwater Paper Corp. (a)

    16,800      $ 1,086,456   

KapStone Paper and Packaging Corp.

    96,300        1,821,996   
   

 

 

 
      2,908,452   
   

 

 

 

Personal Products—0.2%

  

Nu Skin Enterprises, Inc. - Class A

    35,900        2,325,602   
   

 

 

 

Pharmaceuticals—2.6%

  

Akorn, Inc. (a)

    170,900        4,658,734   

Depomed, Inc. (a) (b)

    199,100        4,975,509   

Innoviva, Inc. (a) (b)

    62,900        691,271   

Jazz Pharmaceuticals plc (a)

    4,000        485,920   

Mallinckrodt plc (a)

    2,776        193,709   

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

    66,500        2,509,710   

Nektar Therapeutics (a)

    165,200        2,838,136   

Pacira Pharmaceuticals, Inc. (a)

    35,400        1,211,388   

Phibro Animal Health Corp. - Class A

    98,800        2,685,384   

Prestige Brands Holdings, Inc. (a)

    167,600        8,090,052   

TherapeuticsMD, Inc. (a) (b)

    328,200        2,235,042   

Theravance Biopharma, Inc. (a) (b)

    58,514        2,120,548   
   

 

 

 
      32,695,403   
   

 

 

 

Professional Services—1.5%

  

Dun & Bradstreet Corp. (The)

    43,700        5,970,294   

Exponent, Inc.

    110,300        5,631,918   

Huron Consulting Group, Inc. (a)

    68,200        4,075,632   

TransUnion (a)

    115,000        3,967,500   
   

 

 

 
      19,645,344   
   

 

 

 

Real Estate Management & Development—0.5%

  

Jones Lang LaSalle, Inc.

    22,500        2,560,275   

Kennedy-Wilson Holdings, Inc.

    156,243        3,523,280   
   

 

 

 
      6,083,555   
   

 

 

 

Road & Rail—1.2%

  

AMERCO

    12,100        3,923,183   

Avis Budget Group, Inc. (a)

    40,900        1,399,189   

Landstar System, Inc.

    46,700        3,179,336   

Old Dominion Freight Line, Inc. (a)

    94,150        6,459,632   
   

 

 

 
      14,961,340   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.0%

  

Cabot Microelectronics Corp.

    33,100        1,751,321   

Cavium, Inc. (a)

    92,300        5,371,860   

Cirrus Logic, Inc. (a)

    128,200        6,813,830   

Integrated Device Technology, Inc. (a)

    263,100        6,077,610   

MaxLinear, Inc. - Class A (a)

    78,500        1,591,195   

Microsemi Corp. (a)

    205,800        8,639,484   

Synaptics, Inc. (a)

    83,600        4,897,288   

Teradyne, Inc.

    120,800        2,606,864   
   

 

 

 
      37,749,452   
   

 

 

 

Software—8.6%

  

ACI Worldwide, Inc. (a)

    199,700        3,870,186   

Aspen Technology, Inc. (a)

    129,800        6,073,342   

Software—(Continued)

  

Blackbaud, Inc.

    126,500      8,392,010   

CommVault Systems, Inc. (a)

    67,600        3,591,588   

Computer Modelling Group, Ltd.

    240,700        1,799,815   

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

    175,600        3,778,912   

Ellie Mae, Inc. (a)

    34,100        3,590,730   

Fair Isaac Corp.

    80,400        10,017,036   

Fortinet, Inc. (a)

    175,500        6,481,215   

Manhattan Associates, Inc. (a)

    166,700        9,605,254   

Monotype Imaging Holdings, Inc.

    43,305        957,473   

Pegasystems, Inc.

    147,800        4,358,622   

Proofpoint, Inc. (a)

    80,400        6,017,940   

PTC, Inc. (a)

    158,600        7,027,566   

SS&C Technologies Holdings, Inc.

    245,700        7,899,255   

Take-Two Interactive Software, Inc. (a)

    112,800        5,085,024   

Tyler Technologies, Inc. (a)

    74,800        12,808,004   

Ultimate Software Group, Inc. (The) (a)

    37,400        7,644,186   
   

 

 

 
      108,998,158   
   

 

 

 

Specialty Retail—2.8%

  

Aaron’s, Inc.

    17,900        455,018   

Burlington Stores, Inc. (a)

    181,600        14,713,232   

Children’s Place, Inc. (The)

    22,800        1,821,036   

Monro Muffler Brake, Inc.

    96,500        5,902,905   

Murphy USA, Inc. (a)

    130,400        9,305,344   

Sally Beauty Holdings, Inc. (a)

    120,200        3,086,736   
   

 

 

 
      35,284,271   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.1%

  

Cray, Inc. (a)

    68,900        1,621,906   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.2%

  

Carter’s, Inc.

    81,500        7,066,865   

G-III Apparel Group, Ltd. (a)

    83,700        2,439,855   

Steven Madden, Ltd. (a)

    181,200        6,262,272   
   

 

 

 
      15,768,992   
   

 

 

 

Thrifts & Mortgage Finance—0.5%

  

MGIC Investment Corp. (a)

    406,600        3,252,800   

Radian Group, Inc.

    245,300        3,323,815   
   

 

 

 
      6,576,615   
   

 

 

 

Trading Companies & Distributors—0.5%

  

Beacon Roofing Supply, Inc. (a)

    62,100        2,612,547   

Watsco, Inc.

    25,100        3,536,590   
   

 

 

 
      6,149,137   
   

 

 

 

Total Common Stocks
(Cost $992,688,467)

      1,260,386,197   
   

 

 

 
Rights—0.0%                

Biotechnology—0.0%

   

Dyax Corp., Expires 12/31/19 (a) (c) (e)
(Cost $146,631)

    132,100        323,645   
   

 

 

 

 

MSF-253


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Short-Term Investment—0.3%

 

Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—0.3%

  

T. Rowe Price Government Reserve Investment Fund (d)

    4,166,542      $ 4,166,542   
   

 

 

 

Total Short-Term Investments
(Cost $4,166,542)

      4,166,542   
   

 

 

 
Securities Lending Reinvestments (f)—5.6%   

Certificates of Deposit—0.7%

  

Bank of Montreal
0.500%, 10/24/16

    1,500,000        1,500,000   

Chiba Bank Ltd, New York
0.870%, 11/30/16

    1,000,000        1,000,169   

DZ Bank AG
0.950%, 01/03/17

    1,500,000        1,500,000   

KBC Bank NV
1.000%, 01/04/17

    1,500,000        1,500,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    1,000,000        1,000,001   

National Bank of Canada
0.480%, 10/28/16

    400,000        399,998   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    1,000,000        1,000,029   

Swedbank
0.350%, 10/03/16

    1,000,000        999,998   
   

 

 

 
      8,900,195   
   

 

 

 

Commercial Paper—0.3%

  

Credit Suisse AG
0.971%, 10/19/16

    400,000        399,996   

Manhattan Asset Funding
0.740%, 11/28/16

    1,250,000        1,248,761   

Victory Receivables Corp.
1.050%, 01/04/17

    1,500,000        1,496,194   
   

 

 

 
      3,144,951   
   

 

 

 

Repurchase Agreements—4.1%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $7,200,560 on 10/03/16, collateralized by $6,804,108 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $7,344,002.

    7,200,000        7,200,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $7,200,500 on 10/03/16, collateralized by $7,068,408 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $7,344,006.

    7,200,000        7,200,000   

Repurchase Agreements—(Continued)

  

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $2,000,083 on 10/03/16, collateralized by $1,944,385 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $2,040,000.

    2,000,000      2,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $8,000,300 on 10/03/16, collateralized by $6,310,400 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $8,160,112.

    8,000,000        8,000,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/29/16 at 0.650% to be repurchased at $4,700,339 on 10/03/16, collateralized by $4,486,991 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $4,796,005.

    4,700,000        4,700,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $23,704 on 10/03/16, collateralized by $19,583 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $24,177.

    23,703        23,703   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $10,000,583 on 10/03/16, collateralized by $15,995,610 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $10,200,595.

    10,000,000        10,000,000   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $4,300,309 on 10/04/16, collateralized by $4,135,628 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $4,386,000.

    4,300,000        4,300,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $4,000,173 on 10/03/16, collateralized by $5,647,501 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $4,080,000.

    4,000,000        4,000,000   

 

MSF-254


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (f)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $5,000,192 on 10/03/16, collateralized by $4,680,901 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $5,100,103.

    5,000,000      $ 5,000,000   
   

 

 

 
      52,423,703   
   

 

 

 

Time Deposits—0.5%

  

ANZ London
0.420%, 10/03/16

    100,000        100,000   

Canadian Imperial Bank
0.260%, 10/03/16

    2,000,000        2,000,000   

DBS Bank Limited, Singapore
0.380%, 10/04/16

    1,500,000        1,500,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    1,000,000        1,000,000   

Royal Bank of Canada
0.280%, 10/03/16

    1,000,000        1,000,000   
   

 

 

 
      5,600,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $70,068,261)

      70,068,849   
   

 

 

 

Total Investments—105.3%
(Cost $1,067,069,901) (g)

      1,334,945,233   

Other assets and liabilities (net)—(5.3)%

      (66,885,519
   

 

 

 
Net Assets—100.0%     $ 1,268,059,714   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $65,672,868 and the collateral received consisted of cash in the amount of $67,067,969. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2016, these securities represent less than 0.05% of net assets.
(d) Affiliated Issuer.
(e) Illiquid security. As of September 30, 2016, this security represents 0.0% of net assets.
(f) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(g) As of September 30, 2016, the aggregate cost of investments was $1,067,069,901. The aggregate unrealized appreciation and depreciation of investments were $316,713,346 and $(48,838,014), respectively, resulting in net unrealized appreciation of $267,875,332.

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-255


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 33,594,530       $ —         $ —         $ 33,594,530   

Airlines

     5,284,078         —           —           5,284,078   

Auto Components

     6,876,597         —           —           6,876,597   

Banks

     13,373,642         —           —           13,373,642   

Beverages

     4,562,626         —           —           4,562,626   

Biotechnology

     72,187,647         —           —           72,187,647   

Building Products

     17,584,246         —           —           17,584,246   

Capital Markets

     42,246,406         —           —           42,246,406   

Chemicals

     27,227,843         —           —           27,227,843   

Commercial Services & Supplies

     22,380,666         —           —           22,380,666   

Communications Equipment

     14,908,884         —           —           14,908,884   

Construction & Engineering

     2,597,201         —           —           2,597,201   

Consumer Finance

     2,714,844         —           —           2,714,844   

Containers & Packaging

     17,160,265         —           —           17,160,265   

Distributors

     9,537,068         —           —           9,537,068   

Diversified Consumer Services

     20,228,554         —           —           20,228,554   

Electrical Equipment

     12,933,595         —           —           12,933,595   

Electronic Equipment, Instruments & Components

     21,389,948         —           —           21,389,948   

Energy Equipment & Services

     7,207,213         —           —           7,207,213   

Equity Real Estate Investment Trusts

     42,944,791         —           —           42,944,791   

Food & Staples Retailing

     11,882,835         —           —           11,882,835   

Food Products

     27,598,864         —           —           27,598,864   

Health Care Equipment & Supplies

     66,382,374         —           —           66,382,374   

Health Care Providers & Services

     46,045,761         —           —           46,045,761   

Health Care Technology

     4,331,730         —           —           4,331,730   

Hotels, Restaurants & Leisure

     74,728,080         —           —           74,728,080   

Household Durables

     8,048,278         —           —           8,048,278   

Household Products

     5,438,755         —           —           5,438,755   

Insurance

     4,648,458         —           —           4,648,458   

Internet & Direct Marketing Retail

     17,492,546         —           —           17,492,546   

Internet Software & Services

     32,892,154         —           —           32,892,154   

IT Services

     83,970,581         —           —           83,970,581   

Leisure Products

     6,977,204         —           —           6,977,204   

Life Sciences Tools & Services

     38,235,398         —           —           38,235,398   

Machinery

     68,857,523         —           —           68,857,523   

Marine

     5,851,632         —           —           5,851,632   

Media

     22,159,555         —           —           22,159,555   

Metals & Mining

     3,088,301         —           —           3,088,301   

Multiline Retail

     4,669,950         —           —           4,669,950   

Oil, Gas & Consumable Fuels

     39,377,347         —           —           39,377,347   

Paper & Forest Products

     2,908,452         —           —           2,908,452   

Personal Products

     2,325,602         —           —           2,325,602   

Pharmaceuticals

     32,695,403         —           —           32,695,403   

Professional Services

     19,645,344         —           —           19,645,344   

Real Estate Management & Development

     6,083,555         —           —           6,083,555   

Road & Rail

     14,961,340         —           —           14,961,340   

Semiconductors & Semiconductor Equipment

     37,749,452         —           —           37,749,452   

Software

     108,998,158         —           —           108,998,158   

Specialty Retail

     35,284,271         —           —           35,284,271   

Technology Hardware, Storage & Peripherals

     1,621,906         —           —           1,621,906   

Textiles, Apparel & Luxury Goods

     15,768,992         —           —           15,768,992   

Thrifts & Mortgage Finance

     6,576,615         —           —           6,576,615   

Trading Companies & Distributors

     6,149,137         —           —           6,149,137   

Total Common Stocks

     1,260,386,197         —           —           1,260,386,197   

Total Rights*

     —           —           323,645         323,645   

Total Short-Term Investment*

     4,166,542         —           —           4,166,542   

 

MSF-256


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  
Securities Lending Reinvestments           

Certificates of Deposit

   $ —         $ 8,900,195      $ —         $ 8,900,195   

Commercial Paper

     —           3,144,951        —           3,144,951   

Repurchase Agreements

     —           52,423,703        —           52,423,703   

Time Deposits

     —           5,600,000        —           5,600,000   

Total Securities Lending Reinvestments

     —           70,068,849        —           70,068,849   

Total Investments

   $ 1,264,552,739       $ 70,068,849      $ 323,645       $ 1,334,945,233   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (67,067,969   $ —         $ (67,067,969

 

* 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
     Purchases      Balance as of
September 30,
2016
     Change in Unrealized
Appreciation from
investments still held at
September 30, 2016
 
Rights               

Biotechnology

   $       $ 146,631       $ 177,014       $ 323,645       $ 146,631   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

MSF-257


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks—93.9% of Net Assets

 

Security Description  

Shares

    Value  

Chemicals—3.4%

  

Agrium, Inc. (a)

    218,300      $ 19,797,627   

CF Industries Holdings, Inc.

    704,700        17,159,445   
   

 

 

 
      36,957,072   
   

 

 

 

Electrical Equipment—0.4%

  

Sunrun, Inc. (a) (b)

    647,800        4,081,140   
   

 

 

 

Energy Equipment & Services—14.2%

  

Halliburton Co.

    914,700        41,051,736   

Nabors Industries, Ltd.

    2,669,100        32,456,256   

Patterson-UTI Energy, Inc.

    1,000,700        22,385,659   

Schlumberger, Ltd.

    466,600        36,693,424   

Superior Energy Services, Inc.

    1,137,000        20,352,300   
   

 

 

 
      152,939,375   
   

 

 

 

Metals & Mining—27.9%

  

Agnico Eagle Mines, Ltd. (U.S. Listed Shares)

    695,233        37,667,724   

Barrick Gold Corp.

    898,900        15,928,508   

Detour Gold Corp. (b)

    82,100        1,785,993   

Eldorado Gold Corp. (b)

    1,227,700        4,824,861   

First Quantum Minerals, Ltd.

    3,867,100        32,010,904   

Freeport-McMoRan, Inc.

    933,200        10,134,552   

Glencore plc (b)

    15,868,937        43,504,565   

Goldcorp, Inc.

    1,537,600        25,401,152   

Kinross Gold Corp. (b)

    1,970,700        8,296,647   

New Gold, Inc. (b)

    1,599,000        6,955,650   

Newmont Mining Corp.

    813,300        31,954,557   

Osisko Gold Royalties, Ltd.

    103,879        1,137,012   

Petra Diamonds, Ltd.

    3,964,700        6,670,445   

Randgold Resources, Ltd. (ADR)

    214,500        21,465,015   

SEMAFO, Inc. (b)

    395,400        1,645,554   

Steel Dynamics, Inc.

    627,800        15,688,722   

Teck Resources, Ltd. - Class B

    1,894,000        34,148,820   
   

 

 

 
      299,220,681   
   

 

 

 

Oil, Gas & Consumable Fuels—45.2%

  

Callon Petroleum Co. (b)

    360,300        5,656,710   

Cimarex Energy Co.

    320,800        43,105,896   

Concho Resources, Inc. (b)

    328,550        45,126,342   

CONSOL Energy, Inc. (a)

    1,354,500        26,006,400   

Diamondback Energy, Inc. (b)

    462,100        44,611,134   

EOG Resources, Inc.

    447,800        43,306,738   

Golar LNG, Ltd. (a)

    332,600        7,051,120   

Green Plains, Inc.

    502,200        13,157,640   

Gulfport Energy Corp. (b)

    780,600        22,051,950   

Hess Corp.

    409,500        21,957,390   

Laredo Petroleum, Inc. (a) (b)

    1,898,100        24,485,490   

Newfield Exploration Co. (b)

    933,200        40,556,872   

Parsley Energy, Inc. - Class A (b)

    1,256,800        42,115,368   

PDC Energy, Inc. (b)

    464,800        31,169,488   

Pioneer Natural Resources Co.

    230,600        42,810,890   

RSP Permian, Inc. (b)

    85,600        3,319,568   

Scorpio Tankers, Inc.

    543,700        2,517,331   

SM Energy Co.

    675,300        26,053,074   
   

 

 

 
      485,059,401   
   

 

 

 

Paper & Forest Products—1.8%

  

Louisiana-Pacific Corp. (b)

    1,007,100      18,963,693   
   

 

 

 

Road & Rail—1.0%

  

Union Pacific Corp.

    114,200        11,137,926   
   

 

 

 

Total Common Stocks
(Cost $889,150,349)

      1,008,359,288   
   

 

 

 
Short-Term Investment—6.5%   

Mutual Fund—6.5%

  

AIM STIT-STIC Prime Portfolio

    69,362,375        69,362,107   
   

 

 

 

Total Short-Term Investments
(Cost $69,362,107)

      69,362,107   
   

 

 

 
Securities Lending Reinvestments (c)—5.8%   

Repurchase Agreements—5.4%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $6,300,490 on 10/03/16, collateralized by $5,953,595 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $6,426,002.

    6,300,000        6,300,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $6,300,438 on 10/03/16, collateralized by $6,184,857 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $6,426,006.

    6,300,000        6,300,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $4,000,167 on 10/03/16, collateralized by $3,888,769 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $4,080,000.

    4,000,000        4,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $7,000,263 on 10/03/16, collateralized by $5,521,600 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $7,140,098.

    7,000,000        7,000,000   

 

MSF-258


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (c)—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $9,700,802 on 10/03/16, collateralized by $9,260,386 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $9,898,138.

    9,700,000      $ 9,700,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc. Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $344,658 on 10/03/16, collateralized by $284,740 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $351,537.

    344,644        344,644   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $10,000,583 on 10/03/16, collateralized by $15,995,610 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $10,200,595.

    10,000,000        10,000,000   

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $8,000,347 on 10/03/16, collateralized by $11,295,003 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $8,160,000.

    8,000,000        8,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $6,000,230 on 10/03/16, collateralized by $5,617,081 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $6,120,123.

    6,000,000        6,000,000   
   

 

 

 
      57,644,644   
   

 

 

 

Time Deposits—0.4%

  

ANZ London
0.420%, 10/03/16

    300,000      300,000   

Canadian Imperial Bank
0.260%, 10/03/16

    2,000,000        2,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    1,300,000        1,300,000   

Royal Bank of Canada
0.280%, 10/03/16

    1,300,000        1,300,000   
   

 

 

 
      4,900,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $62,544,644)

      62,544,644   
   

 

 

 

Total Investments—106.2%
(Cost $1,021,057,100) (d)

      1,140,266,039   

Other assets and liabilities (net)—(6.2)%

      (66,434,368
   

 

 

 
Net Assets—100.0%     $ 1,073,831,671   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $61,745,083 and the collateral received consisted of cash in the amount of $62,544,644. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(d) As of September 30, 2016, the aggregate cost of investments was $1,021,057,100. The aggregate unrealized appreciation and depreciation of investments were $178,134,189 and $(58,925,250), respectively, resulting in net unrealized appreciation of $119,208,939.
(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-259


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Chemicals

   $ 36,957,072       $ —        $ —         $ 36,957,072   

Electrical Equipment

     4,081,140         —          —           4,081,140   

Energy Equipment & Services

     152,939,375         —          —           152,939,375   

Metals & Mining

     249,045,671         50,175,010        —           299,220,681   

Oil, Gas & Consumable Fuels

     485,059,401         —          —           485,059,401   

Paper & Forest Products

     18,963,693         —          —           18,963,693   

Road & Rail

     11,137,926         —          —           11,137,926   

Total Common Stocks

     958,184,278         50,175,010        —           1,008,359,288   

Total Short-Term Investment*

     69,362,107         —          —           69,362,107   
Securities Lending Reinvestments           

Repurchase Agreements

     —           57,644,644        —           57,644,644   

Time Deposits

     —           4,900,000        —           4,900,000   

Total Securities Lending Reinvestments

     —           62,544,644        —           62,544,644   

Total Investments

   $ 1,027,546,385       $ 112,719,654      $ —         $ 1,140,266,039   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (62,544,644   $ —         $ (62,544,644

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-260


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—49.8% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Advertising—0.0%

  

WPP Finance 2010
5.125%, 09/07/42

    120,000      $ 133,855   
   

 

 

 

Aerospace/Defense—0.3%

  

Harris Corp.
4.854%, 04/27/35

    570,000        626,130   

5.054%, 04/27/45

    1,089,000        1,247,197   

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

    220,000        231,999   

3.550%, 01/15/26

    2,261,000        2,443,209   

4.700%, 05/15/46

    5,321,000        6,321,992   

Raytheon Co.
3.125%, 10/15/20

    30,000        31,822   

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

    290,000        335,884   
   

 

 

 
      11,238,233   
   

 

 

 

Agriculture—0.7%

  

Alliance One International, Inc.
9.875%, 07/15/21 (a)

    7,235,000        6,140,706   

Altria Group, Inc.
5.375%, 01/31/44

    1,129,000        1,421,445   

Reynolds American, Inc.
4.450%, 06/12/25

    2,000,000        2,231,452   

4.850%, 09/15/23

    2,960,000        3,388,167   

5.850%, 08/15/45

    9,465,000        12,305,522   
   

 

 

 
      25,487,292   
   

 

 

 

Airlines—0.0%

  

Air Canada Pass-Through Trust
4.125%, 05/15/25 (144A)

    726,630        768,412   

Delta Air Lines Pass-Through Trust
4.950%, 05/23/19

    346,557        364,751   

Hawaiian Airlines Pass-Through Certificates
3.900%, 01/15/26

    411,956        416,076   

Northwest Airlines Pass-Through Trust
7.575%, 03/01/19

    12,640        13,461   
   

 

 

 
      1,562,700   
   

 

 

 

Apparel—0.3%

  

Hanesbrands, Inc.
4.625%, 05/15/24 (144A)

    2,726,000        2,797,558   

4.875%, 05/15/26 (144A)

    5,315,000        5,434,587   

William Carter Co. (The)
5.250%, 08/15/21

    2,375,000        2,483,371   
   

 

 

 
      10,715,516   
   

 

 

 

Auto Manufacturers—0.7%

  

Ford Motor Co.
4.750%, 01/15/43

    2,140,000        2,217,040   

Ford Motor Credit Co. LLC
3.200%, 01/15/21

    1,740,000        1,786,321   

3.664%, 09/08/24

    720,000        742,023   

Auto Manufacturers—(Continued)

  

General Motors Co.
6.600%, 04/01/36

    5,134,000      6,177,136   

6.750%, 04/01/46

    10,000,000        12,536,760   

General Motors Financial Co., Inc.
5.250%, 03/01/26

    1,660,000        1,823,151   
   

 

 

 
      25,282,431   
   

 

 

 

Auto Parts & Equipment—0.8%

  

American Axle & Manufacturing, Inc.
6.250%, 03/15/21 (a)

    2,100,000        2,194,500   

6.625%, 10/15/22 (a)

    1,590,000        1,681,425   

Goodyear Tire & Rubber Co. (The)
5.000%, 05/31/26

    3,630,000        3,734,362   

IHO Verwaltungs GmbH
4.125%, 09/15/21 (144A) (a) (b)

    1,840,000        1,858,400   

4.750%, 09/15/26 (144A) (b)

    1,840,000        1,849,200   

Schaeffler Finance B.V.
4.250%, 05/15/21 (144A)

    4,000,000        4,100,000   

Schaeffler Holding Finance B.V.
6.750%, 11/15/22 (144A) (b)

    2,179,090        2,489,610   

ZF North America Capital, Inc.
4.500%, 04/29/22 (144A)

    1,425,000        1,511,042   

4.750%, 04/29/25 (144A)

    9,010,000        9,460,500   
   

 

 

 
      28,879,039   
   

 

 

 

Banks—9.2%

  

ABN AMRO Bank NV
4.750%, 07/28/25 (144A) (a)

    3,831,000        4,023,761   

Bank of America Corp.
3.875%, 08/01/25

    1,040,000        1,111,050   

4.000%, 01/22/25

    19,810,000        20,530,807   

4.125%, 01/22/24

    880,000        954,356   

4.200%, 08/26/24

    2,380,000        2,520,287   

4.250%, 10/22/26

    7,628,000        8,092,835   

6.300%, 03/10/26 (a) (c)

    375,000        407,344   

6.500%, 10/23/24 (c)

    4,835,000        5,236,909   

Barclays Bank plc
7.625%, 11/21/22

    13,000,000        14,430,000   

10.179%, 06/12/21 (144A)

    1,180,000        1,508,032   

Barclays plc
4.375%, 01/12/26

    1,575,000        1,629,556   

BNP Paribas S.A.
4.375%, 05/12/26 (144A)

    11,070,000        11,442,616   

7.625%, 03/30/21 (144A) (c)

    2,850,000        2,933,454   

BPCE S.A.
4.875%, 04/01/26 (144A) (a)

    12,000,000        12,480,144   

5.150%, 07/21/24 (144A)

    420,000        441,776   

Citigroup, Inc.
4.050%, 07/30/22

    2,000,000        2,125,442   

4.400%, 06/10/25

    1,470,000        1,556,423   

4.450%, 09/29/27

    18,094,000        18,934,882   

5.350%, 05/15/23 (a) (c)

    560,000        553,420   

5.900%, 02/15/23 (a) (c)

    1,475,000        1,526,625   

5.950%, 01/30/23 (a) (c)

    3,606,000        3,735,564   

 

MSF-261


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Citigroup, Inc.
5.950%, 05/15/25 (c)

    2,790,000      $ 2,846,079   

6.300%, 05/15/24 (c)

    850,000        873,375   

Cooperatieve Rabobank UA
3.750%, 07/21/26

    4,210,000        4,216,896   

4.375%, 08/04/25

    1,470,000        1,551,256   

5.250%, 08/04/45

    1,080,000        1,232,235   

5.750%, 12/01/43

    520,000        622,553   

11.000%, 06/30/19 (144A) (c)

    415,000        502,669   

Credit Agricole S.A.
4.375%, 03/17/25 (144A)

    500,000        510,433   

7.875%, 01/23/24 (144A) (c)

    1,750,000        1,749,265   

8.125%, 12/23/25 (144A) (c)

    4,540,000        4,812,400   

8.375%, 10/13/19 (144A) (c)

    640,000        722,125   

Credit Suisse Group AG
7.500%, 12/11/23 (144A) (c)

    1,665,000        1,693,721   

Credit Suisse Group Funding Guernsey, Ltd.
4.875%, 05/15/45

    1,560,000        1,647,767   

Goldman Sachs Group, Inc. (The)
3.750%, 02/25/26 (a)

    1,660,000        1,743,046   

4.000%, 03/03/24

    3,180,000        3,414,655   

4.250%, 10/21/25

    15,890,000        16,722,557   

5.150%, 05/22/45

    3,184,000        3,472,197   

5.250%, 07/27/21

    1,330,000        1,501,518   

6.750%, 10/01/37

    2,000,000        2,546,620   

7.500%, 02/15/19

    20,000        22,605   

HSBC Holdings plc
3.900%, 05/25/26

    15,950,000        16,524,599   

4.250%, 08/18/25

    2,253,000        2,312,977   

6.375%, 09/17/24 (a) (c)

    1,290,000        1,270,650   

ICICI Bank, Ltd.
5.750%, 11/16/20

    9,290,000        10,439,377   

Intesa Sanpaolo S.p.A.
6.500%, 02/24/21 (144A)

    1,175,000        1,318,205   

Itau CorpBanca
3.875%, 09/22/19

    6,290,000        6,565,188   

Itau Unibanco Holding S.A.
2.850%, 05/26/18 (a)

    10,770,000        10,796,925   

JPMorgan Chase & Co.
3.625%, 05/13/24

    690,000        733,815   

3.875%, 09/10/24

    5,082,000        5,350,197   

4.350%, 08/15/21

    10,000        10,980   

4.500%, 01/24/22

    160,000        177,170   

6.750%, 02/01/24 (a) (c)

    1,105,000        1,219,644   

Lloyds Banking Group plc
4.582%, 12/10/25 (144A)

    3,011,000        3,072,328   

4.650%, 03/24/26

    12,350,000        12,707,965   

7.500%, 06/27/24 (a) (c)

    2,360,000        2,437,172   

Macquarie Bank, Ltd.
4.875%, 06/10/25 (144A)

    2,100,000        2,209,358   

Morgan Stanley
4.000%, 07/23/25

    1,165,000        1,252,793   

4.100%, 05/22/23

    2,500,000        2,643,153   

4.875%, 11/01/22

    450,000        496,333   

6.625%, 04/01/18

    714,000        765,037   

Banks—(Continued)

  

Nordea Bank AB
4.250%, 09/21/22 (144A)

    3,400,000      3,673,234   

Oversea-Chinese Banking Corp., Ltd.
4.250%, 06/19/24

    10,230,000        11,051,213   

PNC Financial Services Group, Inc. (The)
6.750%, 08/01/21 (c)

    1,970,000        2,203,938   

Royal Bank of Scotland Group plc
4.800%, 04/05/26 (a)

    400,000        411,371   

5.125%, 05/28/24

    1,330,000        1,331,410   

6.000%, 12/19/23

    875,000        911,941   

6.100%, 06/10/23

    780,000        817,536   

6.125%, 12/15/22

    390,000        413,249   

Royal Bank of Scotland NV
4.650%, 06/04/18

    410,000        421,087   

Royal Bank of Scotland plc (The)
13.125%, 03/19/22 (AUD) (c)

    1,580,000        1,261,224   

Santander Holdings USA, Inc.
4.500%, 07/17/25

    890,000        926,904   

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

    12,691,000        12,705,265   

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

    2,620,000        3,344,124   

Santander UK plc
7.950%, 10/26/29

    272,000        343,974   

Scotia Bank Peru DPR Finance Co.
3.600%, 03/15/17 (144A) (c) (d)

    105,263        105,218   

Standard Chartered plc
3.950%, 01/11/23 (144A) (a)

    2,425,000        2,418,554   

5.700%, 03/26/44 (144A)

    9,800,000        10,429,062   

UBS AG
7.625%, 08/17/22

    2,850,000        3,320,250   

Wachovia Capital Trust III
5.570%, 10/31/16 (c)

    1,021,000        1,018,345   

Wells Fargo & Co.
4.300%, 07/22/27

    17,670,000        19,043,630   

Wells Fargo Capital X
5.950%, 12/15/36

    380,000        417,050   
   

 

 

 
      327,451,700   
   

 

 

 

Beverages—1.2%

  

Anheuser-Busch InBev Finance, Inc.
3.650%, 02/01/26

    8,642,000        9,281,508   

4.900%, 02/01/46

    8,215,000        9,774,051   

Anheuser-Busch InBev Worldwide, Inc.
7.750%, 01/15/19

    1,254,000        1,426,550   

Beverages & More, Inc.
10.000%, 11/15/18 (144A)

    1,640,000        1,558,000   

Carolina Beverage Group LLC / Carolina Beverage Group Finance, Inc.
10.625%, 08/01/18 (144A)

    370,000        345,025   

Constellation Brands, Inc.
4.250%, 05/01/23

    2,500,000        2,646,875   

4.750%, 11/15/24

    11,649,000        12,610,042   

4.750%, 12/01/25

    1,500,000        1,620,000   

6.000%, 05/01/22

    2,282,000        2,621,448   

 

MSF-262


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Beverages—(Continued)

  

Dr Pepper Snapple Group, Inc.
3.400%, 11/15/25

    64,000      $ 68,319   

4.500%, 11/15/45

    32,000        36,276   

PepsiCo, Inc.
4.250%, 10/22/44

    751,000        857,097   

4.450%, 04/14/46

    1,178,000        1,394,776   
   

 

 

 
      44,239,967   
   

 

 

 

Biotechnology—0.4%

  

Biogen, Inc.
3.625%, 09/15/22

    1,350,000        1,445,978   

4.050%, 09/15/25

    1,625,000        1,769,217   

Celgene Corp.
3.875%, 08/15/25

    1,120,000        1,197,514   

5.000%, 08/15/45

    920,000        1,035,844   

Gilead Sciences, Inc.
2.550%, 09/01/20

    1,675,000        1,730,111   

3.500%, 02/01/25

    2,525,000        2,674,548   

4.600%, 09/01/35

    1,800,000        1,978,990   

4.750%, 03/01/46

    1,675,000        1,871,900   
   

 

 

 
      13,704,102   
   

 

 

 

Building Materials—0.1%

  

Hardwoods Acquisition, Inc.
7.500%, 08/01/21 (144A)

    2,800,000        2,107,000   

NWH Escrow Corp.
7.500%, 08/01/21 (144A)

    550,000        413,875   

Ply Gem Industries, Inc.
6.500%, 02/01/22

    1,540,000        1,563,100   
   

 

 

 
      4,083,975   
   

 

 

 

Chemicals—0.5%

  

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

    740,000        758,585   

OCP S.A.
5.625%, 04/25/24

    9,930,000        10,784,973   

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

    40,000        43,831   

Rain CII Carbon LLC / CII Carbon Corp.
8.000%, 12/01/18 (144A)

    1,275,000        1,247,205   

Westlake Chemical Corp.
4.625%, 02/15/21 (144A)

    1,480,000        1,546,600   

4.875%, 05/15/23 (144A)

    1,820,000        1,901,900   
   

 

 

 
      16,283,094   
   

 

 

 

Coal—0.1%

  

Murray Energy Corp.
11.250%, 04/15/21 (144A)

    4,550,000        2,559,375   
   

 

 

 

Commercial Services—0.8%

  

AA Bond Co., Ltd.
5.500%, 07/31/22 (GBP)

    2,690,000        3,443,059   

ADT Corp. (The)
4.125%, 06/15/23

    4,070,000        4,008,950   

Commercial Services—(Continued)

  

Board of Trustees of The Leland Stanford Junior University (The)
4.750%, 05/01/19

    950,000      1,035,600   

Cleveland Clinic Foundation (The)
4.858%, 01/01/2114

    1,450,000        1,629,931   

Ecolab, Inc.
4.350%, 12/08/21

    70,000        78,589   

Massachusetts Institute of Technology
5.600%, 07/01/2111

    800,000        1,105,817   

Metropolitan Museum of Art (The)
3.400%, 07/01/45

    2,025,000        2,097,527   

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

    2,201,000        2,437,238   

UBM plc
5.750%, 11/03/20 (144A)

    50,000        54,185   

United Rentals North America, Inc.
5.875%, 09/15/26

    8,000,000        8,240,000   

6.125%, 06/15/23 (a)

    1,850,000        1,940,187   

University of Southern California
5.250%, 10/01/2111

    550,000        722,651   

Verisk Analytics, Inc.
5.500%, 06/15/45

    1,571,000        1,685,198   
   

 

 

 
      28,478,932   
   

 

 

 

Computers—0.4%

  

Compiler Finance Sub, Inc.
7.000%, 05/01/21 (144A) (d)

    70,000        32,550   

Diamond 1 Finance Corp. / Diamond 2 Finance Corp.
3.480%, 06/01/19 (144A)

    1,000,000        1,028,470   

4.420%, 06/15/21 (144A)

    12,010,000        12,551,891   
   

 

 

 
      13,612,911   
   

 

 

 

Diversified Financial Services—2.0%

  

AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust
4.625%, 10/30/20

    1,060,000        1,113,000   

4.625%, 07/01/22

    600,000        630,750   

5.000%, 10/01/21

    15,056,000        16,072,280   

Ally Financial, Inc.
5.750%, 11/20/25 (a)

    5,392,000        5,641,380   

8.000%, 11/01/31

    1,025,000        1,263,313   

Carlyle Holdings II Finance LLC
5.625%, 03/30/43 (144A)

    3,370,000        3,657,185   

CIT Group, Inc.
5.000%, 08/15/22

    1,482,000        1,574,625   

GE Capital International Funding Co.
2.342%, 11/15/20

    538,000        552,574   

International Lease Finance Corp.
6.250%, 05/15/19

    2,470,000        2,676,862   

8.250%, 12/15/20

    2,613,000        3,102,937   

KKR Group Finance Co. II LLC
5.500%, 02/01/43 (144A)

    130,000        137,108   

Macquarie Group, Ltd.
6.000%, 01/14/20 (144A)

    3,200,000        3,537,738   

6.250%, 01/14/21 (144A)

    400,000        456,477   

 

MSF-263


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Diversified Financial Services—(Continued)

  

Navient Corp.
5.000%, 10/26/20

    5,811,000      $ 5,731,099   

5.875%, 10/25/24

    3,150,000        2,866,500   

8.000%, 03/25/20

    1,610,000        1,726,725   

Quicken Loans, Inc.
5.750%, 05/01/25 (144A)

    19,470,000        19,323,975   

Visa, Inc.
3.150%, 12/14/25

    1,850,000        1,954,212   
   

 

 

 
      72,018,740   
   

 

 

 

Electric—1.2%

  

Comision Federal de Electricidad
6.125%, 06/16/45 (144A)

    10,430,000        11,160,100   

Electricite de France S.A.
5.250%, 01/29/23 (144A) (c)

    950,000        928,720   

Enel S.p.A.
7.750%, 09/10/75 (GBP) (c)

    2,450,000        3,527,654   

Exelon Corp.
5.625%, 06/15/35

    255,000        304,694   

FirstEnergy Corp.
4.250%, 03/15/23

    1,560,000        1,654,258   

7.375%, 11/15/31

    3,550,000        4,612,195   

Mirant Mid Atlantic Pass-Through Trust
10.060%, 12/30/28

    5,056,588        3,868,290   

NSG Holdings LLC / NSG Holdings, Inc.
7.750%, 12/15/25 (144A) (d)

    2,802,397        3,012,577   

Pacific Gas & Electric Co.
6.050%, 03/01/34

    1,180,000        1,573,541   

Panoche Energy Center LLC
6.885%, 07/31/29 (144A)

    713,638        741,671   

Perusahaan Listrik Negara PT
5.500%, 11/22/21

    9,750,000        10,854,090   

Southern California Edison Co.
3.900%, 03/15/43

    1,217,000        1,319,515   
   

 

 

 
      43,557,305   
   

 

 

 

Electronics—0.1%

  

Flex, Ltd.
4.625%, 02/15/20

    780,000        836,841   

Flextronics International, Ltd.
5.000%, 02/15/23

    1,300,000        1,413,538   
   

 

 

 
      2,250,379   
   

 

 

 

Energy-Alternate Sources—0.0%

  

Alta Wind Holdings LLC
7.000%, 06/30/35 (144A) (d)

    1,539,668        1,575,256   
   

 

 

 

Engineering & Construction—0.3%

  

CRCC Yuxiang, Ltd.
3.500%, 05/16/23

    10,520,000        10,899,141   
   

 

 

 

Entertainment—0.1%

  

Greektown Holdings LLC / Greektown Mothership Corp.
8.875%, 03/15/19 (144A)

    1,150,000        1,216,125   

Entertainment—(Continued)

  

Vue International Bidco PLC
7.875%, 07/15/20 (GBP)

    2,510,000      3,376,962   
   

 

 

 
      4,593,087   
   

 

 

 

Environmental Control—0.0%

  

Waste Management, Inc.
3.500%, 05/15/24 (a)

    890,000        959,553   

4.600%, 03/01/21

    180,000        199,937   

7.375%, 05/15/29

    190,000        268,386   
   

 

 

 
      1,427,876   
   

 

 

 

Food—0.3%

  

Dole Food Co., Inc.
7.250%, 05/01/19 (144A) (a)

    8,520,000        8,647,800   

Kraft Heinz Foods Co.
3.500%, 06/06/22

    570,000        605,629   

3.950%, 07/15/25

    280,000        302,943   

4.875%, 02/15/25 (144A)

    1,157,000        1,275,922   

5.000%, 07/15/35

    380,000        438,833   

5.200%, 07/15/45

    390,000        461,224   
   

 

 

 
      11,732,351   
   

 

 

 

Healthcare-Products—0.7%

  

DJO Finance LLC / DJO Finance Corp.
10.750%, 04/15/20 (144A)

    2,060,000        1,709,800   

DJO Finco, Inc. / DJO Finance LLC / DJO Finance Corp.
8.125%, 06/15/21 (144A)

    4,570,000        4,238,675   

Immucor, Inc.
11.125%, 08/15/19

    4,810,000        4,533,425   

Medtronic, Inc.
3.150%, 03/15/22

    2,393,000        2,544,436   

3.500%, 03/15/25

    1,730,000        1,862,978   

Universal Hospital Services, Inc.
7.625%, 08/15/20

    10,255,000        9,767,888   
   

 

 

 
      24,657,202   
   

 

 

 

Healthcare-Services—1.6%

  

Centene Corp.
4.750%, 05/15/22

    6,600,000        6,814,500   

5.625%, 02/15/21

    1,906,000        2,020,360   

6.125%, 02/15/24

    3,073,000        3,334,205   

DaVita, Inc.
5.000%, 05/01/25

    4,190,000        4,205,713   

Dignity Health
3.812%, 11/01/24

    1,800,000        1,922,641   

4.500%, 11/01/42

    339,000        359,915   

Fresenius Medical Care U.S. Finance II, Inc.
4.750%, 10/15/24 (144A)

    700,000        735,000   

5.875%, 01/31/22 (144A)

    3,225,000        3,652,313   

HCA, Inc.
4.750%, 05/01/23

    590,000        615,075   

5.250%, 04/15/25

    1,655,000        1,764,644   

5.250%, 06/15/26

    1,270,000        1,349,375   

 

MSF-264


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Services—(Continued)

  

HCA, Inc.
5.375%, 02/01/25

    4,615,000      $ 4,764,988   

5.875%, 05/01/23

    50,000        53,250   

6.500%, 02/15/20

    1,550,000        1,716,625   

7.500%, 02/15/22

    6,583,000        7,553,992   

7.690%, 06/15/25

    1,817,000        2,042,144   

IASIS Healthcare LLC / IASIS Capital Corp.
8.375%, 05/15/19

    7,887,000        7,137,735   

Memorial Sloan-Kettering Cancer Center
4.200%, 07/01/55

    1,825,000        2,041,330   

Tenet Healthcare Corp.
8.125%, 04/01/22

    3,655,000        3,655,000   
   

 

 

 
      55,738,805   
   

 

 

 

Holding Companies-Diversified—0.3%

  

Co-operative Group Holdings, Ltd.
7.500%, 07/08/26 (GBP)

    2,410,000        3,732,221   

DH Services Luxembourg S.a.r.l.
7.750%, 12/15/20 (144A)

    6,940,000        7,234,950   
   

 

 

 
      10,967,171   
   

 

 

 

Home Builders—0.8%

  

Meritage Homes Corp.
7.000%, 04/01/22

    2,500,000        2,787,500   

Taylor Morrison Communities, Inc. / Monarch Communities, Inc.
5.250%, 04/15/21 (144A)

    3,955,000        4,083,538   

5.625%, 03/01/24 (144A)

    6,000,000        6,180,000   

5.875%, 04/15/23 (144A)

    780,000        817,050   

William Lyon Homes, Inc.
5.750%, 04/15/19

    4,247,000        4,331,940   

7.000%, 08/15/22

    8,040,000        8,281,200   

8.500%, 11/15/20

    3,060,000        3,197,700   
   

 

 

 
      29,678,928   
   

 

 

 

Housewares—0.5%

  

American Greetings Corp.
7.375%, 12/01/21

    1,505,000        1,565,200   

Newell Brands, Inc.
3.850%, 04/01/23

    2,750,000        2,927,281   

4.200%, 04/01/26

    4,000,000        4,356,432   

5.500%, 04/01/46

    6,800,000        8,249,094   
   

 

 

 
      17,098,007   
   

 

 

 

Insurance—0.8%

  

American Equity Investment Life Holding Co.
6.625%, 07/15/21

    1,630,000        1,699,071   

American International Group, Inc.
3.750%, 07/10/25

    1,380,000        1,447,407   

6.250%, 03/15/87 (c)

    453,000        477,915   

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

    1,320,000        1,861,200   

Berkshire Hathaway, Inc.
2.750%, 03/15/23

    1,101,000        1,144,143   

3.125%, 03/15/26

    1,101,000        1,157,217   

Insurance—(Continued)

  

Chubb INA Holdings, Inc.
2.300%, 11/03/20

    350,000      359,100   

3.350%, 05/03/26

    470,000        503,256   

4.350%, 11/03/45

    1,104,000        1,276,086   

Delphi Financial Group, Inc.
7.875%, 01/31/20

    2,190,000        2,513,104   

Liberty Mutual Insurance Co.
7.697%, 10/15/97 (144A)

    2,600,000        3,382,920   

Prudential Financial, Inc.
5.625%, 06/15/43 (c)

    550,000        593,340   

5.875%, 09/15/42 (c)

    1,200,000        1,323,900   

8.875%, 06/15/38 (c)

    915,000        1,015,650   

Teachers Insurance & Annuity Association of America
4.900%, 09/15/44 (144A)

    1,771,000        1,991,867   

6.850%, 12/16/39 (144A)

    2,546,000        3,461,320   

TIAA Asset Management Finance Co. LLC
4.125%, 11/01/24 (144A)

    1,807,000        1,904,990   

Trinity Acquisition plc
4.400%, 03/15/26

    1,650,000        1,728,050   
   

 

 

 
      27,840,536   
   

 

 

 

Internet—0.5%

  

Alibaba Group Holding, Ltd.
3.125%, 11/28/21

    10,475,000        10,922,220   

eBay, Inc.
3.800%, 03/09/22

    1,095,000        1,170,964   

Netflix, Inc.
5.500%, 02/15/22

    2,453,000        2,640,041   

Priceline Group, Inc. (The)
3.650%, 03/15/25

    1,625,000        1,704,245   
   

 

 

 
      16,437,470   
   

 

 

 

Iron/Steel—0.3%

  

Vale Overseas, Ltd.
6.250%, 08/10/26 (a)

    3,990,000        4,168,353   

6.875%, 11/10/39

    7,980,000        7,720,650   
   

 

 

 
      11,889,003   
   

 

 

 

Leisure Time—0.9%

  

Gibson Brands, Inc.
8.875%, 08/01/18 (144A)

    2,070,000        1,542,150   

NCL Corp., Ltd.
4.625%, 11/15/20 (144A)

    2,590,000        2,590,000   

5.250%, 11/15/19 (144A)

    6,305,000        6,368,050   

Viking Cruises, Ltd.
8.500%, 10/15/22 (144A)

    9,800,000        10,045,000   

Vista Outdoor, Inc.
5.875%, 10/01/23 (144A)

    9,530,000        9,958,850   
   

 

 

 
      30,504,050   
   

 

 

 

Lodging—0.4%

  

MCE Finance, Ltd.
5.000%, 02/15/21 (144A)

    2,450,000        2,462,720   

 

MSF-265


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Lodging—(Continued)

  

MGM Resorts International
6.000%, 03/15/23 (a)

    5,592,000      $ 6,067,320   

6.625%, 12/15/21

    4,180,000        4,702,500   
   

 

 

 
      13,232,540   
   

 

 

 

Machinery-Construction & Mining—0.0%

  

Ormat Funding Corp.
8.250%, 12/30/20

    506,834        501,766   
   

 

 

 

Media—2.6%

  

Altice Financing S.A.
6.625%, 02/15/23 (144A)

    5,340,000        5,480,175   

7.500%, 05/15/26 (144A)

    5,000,000        5,206,250   

CCO Holdings LLC / CCO Holdings Capital Corp.
5.375%, 05/01/25 (144A)

    880,000        922,900   

5.875%, 04/01/24 (144A)

    2,184,000        2,330,110   

6.625%, 01/31/22

    2,300,000        2,409,250   

Charter Communications Operating LLC / Charter Communications Operating Capital Corp.
4.464%, 07/23/22 (144A)

    280,000        302,137   

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

    3,660,000        4,037,181   

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

    4,647,000        5,473,144   

CSC Holdings LLC
6.625%, 10/15/25 (144A)

    2,680,000        2,907,800   

10.125%, 01/15/23 (144A)

    1,125,000        1,296,563   

10.875%, 10/15/25 (144A)

    6,447,000        7,542,990   

DISH DBS Corp.
5.000%, 03/15/23

    3,247,000        3,157,708   

5.875%, 07/15/22

    2,880,000        2,959,862   

5.875%, 11/15/24

    2,450,000        2,419,375   

6.750%, 06/01/21

    75,000        81,000   

7.750%, 07/01/26 (144A)

    3,630,000        3,856,875   

SFR Group S.A.
6.000%, 05/15/22 (144A)

    7,185,000        7,328,700   

7.375%, 05/01/26 (144A)

    3,040,000        3,107,458   

Time Warner Cable LLC
5.875%, 11/15/40

    1,942,000        2,156,566   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH
5.500%, 01/15/23 (144A)

    5,975,000        6,199,063   

Univision Communications, Inc.
5.125%, 02/15/25 (144A)

    9,890,000        9,951,812   

UPCB Finance IV, Ltd.
5.375%, 01/15/25 (144A)

    2,296,000        2,306,676   

Viacom, Inc.
3.875%, 04/01/24 (a)

    240,000        247,360   

Virgin Media Finance plc
6.000%, 10/15/24 (144A)

    3,985,000        4,124,515   

6.375%, 10/15/24 (GBP)

    2,510,000        3,383,468   

Virgin Media Secured Finance plc
5.375%, 04/15/21 (144A)

    2,736,900        2,853,218   

5.500%, 08/15/26 (144A)

    2,000,000        2,040,000   
   

 

 

 
      94,082,156   
   

 

 

 

Metal Fabricate/Hardware—0.0%

  

Valmont Industries, Inc.
6.625%, 04/20/20

    314,000      357,653   
   

 

 

 

Mining—2.9%

  

Alcoa Nederland Holding B.V.
6.750%, 09/30/24 (144A) (a)

    1,940,000        2,015,175   

7.000%, 09/30/26 (144A)

    1,770,000        1,829,738   

Alcoa, Inc.
5.125%, 10/01/24 (a)

    2,125,000        2,260,469   

Anglo American Capital plc
2.625%, 04/03/17 (144A)

    850,000        847,875   

2.625%, 09/27/17 (144A) (a)

    3,000,000        2,992,500   

Barminco Finance Pty, Ltd.
9.000%, 06/01/18 (144A)

    195,000        188,663   

Barrick Gold Corp.
4.100%, 05/01/23

    2,521,000        2,718,694   

5.250%, 04/01/42

    4,000,000        4,386,440   

6.950%, 04/01/19

    57,000        63,638   

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

    400,000        438,163   

5.750%, 05/01/43

    11,289,000        13,237,910   

BHP Billiton Finance USA, Ltd.
2.875%, 02/24/22

    160,000        167,980   

3.250%, 11/21/21

    430,000        460,140   

5.000%, 09/30/43

    750,000        886,434   

6.250%, 10/19/75 (144A) (c)

    2,392,000        2,589,340   

6.750%, 10/19/75 (144A) (c)

    8,191,000        9,276,307   

Coeur Mining, Inc.
7.875%, 02/01/21

    2,471,000        2,532,775   

FMG Resources Pty, Ltd.
6.875%, 04/01/22 (144A) (a)

    3,240,000        3,352,752   

Freeport-McMoRan, Inc.
2.300%, 11/14/17

    1,500,000        1,492,500   

3.550%, 03/01/22 (a)

    5,670,000        5,159,700   

3.875%, 03/15/23

    4,704,000        4,221,464   

Glencore Finance Canada, Ltd.
4.250%, 10/25/22 (144A)

    788,000        789,845   

Glencore Funding LLC
2.875%, 04/16/20 (144A)

    2,890,000        2,866,880   

4.000%, 04/16/25 (144A)

    6,580,000        6,433,180   

Gold Fields Orogen Holdings BVI, Ltd.
4.875%, 10/07/20 (144A)

    2,745,000        2,778,763   

Midwest Vanadium Pty, Ltd.
11.500%, 02/15/18 (144A) (d) (e)

    952,902        14,294   

Mirabela Nickel, Ltd.
1.000%, 09/10/44 (144A) (d) (f)

    36,053        4   

Rio Tinto Finance USA, Ltd.
3.750%, 09/20/21

    130,000        140,583   

3.750%, 06/15/25 (a)

    7,330,000        7,885,988   

Southern Copper Corp.
5.250%, 11/08/42

    12,250,000        11,579,545   

Yamana Gold, Inc.
4.950%, 07/15/24

    9,130,000        9,431,098   
   

 

 

 
      103,038,837   
   

 

 

 

 

MSF-266


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Miscellaneous Manufacturing—0.5%

  

Actuant Corp.
5.625%, 06/15/22

    3,380,000      $ 3,521,554   

CBC Ammo LLC / CBC FinCo, Inc.
7.250%, 11/15/21 (144A)

    1,400,000        1,365,000   

General Electric Co.
4.500%, 03/11/44

    260,000        299,320   

5.000%, 01/21/21 (c)

    9,740,000        10,358,003   

5.300%, 02/11/21

    187,000        214,268   

6.875%, 01/10/39

    1,258,000        1,894,891   
   

 

 

 
      17,653,036   
   

 

 

 

Oil & Gas—5.1%

  

Anadarko Finance Co.
7.500%, 05/01/31

    80,000        99,040   

Anadarko Petroleum Corp.
4.500%, 07/15/44

    800,000        733,998   

5.550%, 03/15/26 (a)

    3,000,000        3,390,117   

6.450%, 09/15/36

    220,000        257,026   

6.600%, 03/15/46

    7,000,000        8,517,285   

Apache Corp.
3.250%, 04/15/22

    574,000        589,006   

4.250%, 01/15/44

    260,000        252,569   

4.750%, 04/15/43

    12,000,000        12,261,132   

Berry Petroleum Co. LLC
6.375%, 09/15/22 (e) (g)

    1,040,000        587,600   

6.750%, 11/01/20 (e) (g)

    850,000        484,500   

BP Capital Markets plc
3.119%, 05/04/26

    11,580,000        11,833,660   

3.245%, 05/06/22

    220,000        231,708   

Carrizo Oil & Gas, Inc.
6.250%, 04/15/23 (a)

    1,668,000        1,651,320   

7.500%, 09/15/20

    3,980,000        4,119,300   

Chesapeake Energy Corp.
6.125%, 02/15/21

    3,635,000        3,335,112   

6.625%, 08/15/20

    6,110,000        5,751,037   

Clayton Williams Energy, Inc.
7.750%, 04/01/19

    1,441,000        1,408,578   

Concho Resources, Inc.
5.500%, 04/01/23

    4,875,000        5,027,344   

6.500%, 01/15/22

    1,400,000        1,452,500   

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

    375,000        476,868   

Continental Resources, Inc.
7.125%, 04/01/21 (a)

    840,000        865,200   

CrownRock L.P. / CrownRock Finance, Inc.
7.125%, 04/15/21 (144A)

    3,850,000        4,023,250   

Devon Energy Corp.
3.250%, 05/15/22

    2,035,000        2,020,452   

5.000%, 06/15/45 (a)

    2,110,000        2,052,682   

5.600%, 07/15/41

    110,000        110,989   

5.850%, 12/15/25 (a)

    970,000        1,091,618   

Devon Financing Co. LLC
7.875%, 09/30/31

    140,000        173,430   

Ecopetrol S.A.
5.375%, 06/26/26

    11,570,000        12,043,791   

Oil & Gas—(Continued)

  

Ensco plc
4.500%, 10/01/24

    2,377,000      1,711,440   

5.200%, 03/15/25 (a)

    2,212,000        1,617,744   

EOG Resources, Inc.
3.150%, 04/01/25

    1,248,000        1,265,378   

4.150%, 01/15/26

    1,665,000        1,818,533   

Exxon Mobil Corp.
4.114%, 03/01/46

    1,630,000        1,822,003   

Kerr-McGee Corp.
6.950%, 07/01/24

    290,000        348,619   

7.875%, 09/15/31

    285,000        353,532   

MEG Energy Corp.
6.375%, 01/30/23 (144A)

    3,825,000        3,026,531   

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

    1,411,000        1,151,729   

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

    796,000        628,840   

Newfield Exploration Co.
5.625%, 07/01/24

    4,116,000        4,218,900   

Noble Energy, Inc.
6.000%, 03/01/41

    10,200,000        11,035,156   

Oasis Petroleum, Inc.
6.500%, 11/01/21 (a)

    2,110,000        2,015,050   

6.875%, 03/15/22

    4,817,000        4,612,277   

Occidental Petroleum Corp.
3.125%, 02/15/22

    110,000        115,452   

3.500%, 06/15/25

    1,850,000        1,969,689   

4.625%, 06/15/45

    230,000        259,972   

Pacific Exploration and Production Corp.
5.375%, 01/26/19 (144A)

    710,000        124,566   

Parsley Energy LLC / Parsley Finance Corp.
6.250%, 06/01/24 (144A)

    5,360,000        5,534,200   

7.500%, 02/15/22 (144A)

    1,703,000        1,809,437   

Petrobras Global Finance B.V.
6.850%, 06/05/2115 (g)

    17,700,000        14,974,200   

Pride International, Inc.
6.875%, 08/15/20 (a)

    1,795,000        1,772,562   

QEP Resources, Inc.
5.250%, 05/01/23

    2,650,000        2,610,250   

6.875%, 03/01/21 (a)

    1,050,000        1,094,625   

Range Resources Corp.
4.875%, 05/15/25

    2,875,000        2,760,000   

Rice Energy, Inc.
6.250%, 05/01/22 (a)

    3,388,000        3,498,110   

7.250%, 05/01/23

    2,050,000        2,193,500   

RSP Permian, Inc.
6.625%, 10/01/22

    4,284,000        4,487,490   

Sanchez Energy Corp.
6.125%, 01/15/23 (g)

    3,710,000        2,977,275   

7.750%, 06/15/21 (a) (g)

    3,000,000        2,640,000   

Shell International Finance B.V.
2.875%, 05/10/26

    2,840,000        2,882,447   

3.250%, 05/11/25 (a)

    1,773,000        1,867,808   

4.000%, 05/10/46

    360,000        368,281   

4.125%, 05/11/35

    470,000        504,122   

4.550%, 08/12/43

    735,000        810,711   

SM Energy Co.
5.000%, 01/15/24

    70,000        65,800   

6.500%, 11/15/21 (a)

    1,725,000        1,763,812   

 

MSF-267


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

Valero Energy Corp.
9.375%, 03/15/19

    1,230,000      $ 1,447,987   

Whiting Petroleum Corp.
6.250%, 04/01/23 (a)

    1,755,000        1,601,437   

WPX Energy, Inc.
8.250%, 08/01/23

    20,000        21,500   
   

 

 

 
      180,622,077   
   

 

 

 

Oil & Gas Services—0.6%

  

CGG S.A.
6.500%, 06/01/21

    2,840,000        1,384,500   

6.875%, 01/15/22

    220,000        112,200   

Freeport-McMoran Oil & Gas LLC / FCX Oil & Gas, Inc.
6.750%, 02/01/22

    1,453,000        1,492,958   

Globe Luxembourg SCA
9.625%, 05/01/18 (144A)

    4,500,000        4,128,750   

Halliburton Co.
3.800%, 11/15/25

    1,210,000        1,250,972   

4.850%, 11/15/35

    2,000,000        2,143,678   

5.000%, 11/15/45

    8,200,000        8,950,349   

KCA Deutag UK Finance plc
7.250%, 05/15/21 (144A)

    1,430,000        1,172,600   
   

 

 

 
      20,636,007   
   

 

 

 

Packaging & Containers—0.7%

  

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.
7.000%, 11/15/20 (144A)

    211,765        218,647   

7.250%, 05/15/24 (144A)

    5,000,000        5,325,000   

BWAY Holding Co.
9.125%, 08/15/21 (144A)

    1,263,000        1,310,362   

Coveris Holdings S.A.
7.875%, 11/01/19 (144A)

    3,190,000        3,261,775   

Graphic Packaging International, Inc.
4.750%, 04/15/21

    1,400,000        1,494,500   

4.875%, 11/15/22

    1,337,000        1,403,850   

Pactiv LLC
7.950%, 12/15/25

    1,300,000        1,417,000   

8.375%, 04/15/27

    3,180,000        3,529,800   

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
5.125%, 07/15/23 (144A)

    2,010,000        2,075,325   

5.750%, 10/15/20

    1,250,000        1,289,063   

7.000%, 07/15/24 (144A)

    2,920,000        3,131,700   

WestRock RKT Co.
4.000%, 03/01/23

    140,000        147,843   
   

 

 

 
      24,604,865   
   

 

 

 

Pharmaceuticals—1.0%

  

Actavis Funding SCS
3.450%, 03/15/22

    450,000        472,427   

3.800%, 03/15/25

    690,000        730,264   

4.550%, 03/15/35

    50,000        53,110   

4.750%, 03/15/45

    10,220,000        11,174,793   

Pharmaceuticals—(Continued)

  

AstraZeneca plc
3.375%, 11/16/25

    2,201,000      2,350,602   

Bayer U.S. Finance LLC
3.375%, 10/08/24 (144A)

    2,404,000        2,482,137   

BioScrip, Inc.
8.875%, 02/15/21

    5,342,000        4,994,770   

DPx Holdings B.V.
7.500%, 02/01/22 (144A)

    2,030,000        2,146,725   

Mead Johnson Nutrition Co.
4.125%, 11/15/25

    1,653,000        1,792,176   

Valeant Pharmaceuticals International, Inc.
5.500%, 03/01/23 (144A)

    1,740,000        1,487,700   

5.875%, 05/15/23 (144A)

    675,000        582,188   

6.125%, 04/15/25 (144A)

    3,340,000        2,876,575   

6.375%, 10/15/20 (144A)

    1,070,000        1,003,125   

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

    1,766,000        1,819,895   
   

 

 

 
      33,966,487   
   

 

 

 

Pipelines—2.5%

  

Blue Racer Midstream LLC / Blue Racer Finance Corp.
6.125%, 11/15/22 (144A)

    3,185,000        3,113,337   

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

    190,000        236,749   

Energy Transfer Equity L.P.
5.500%, 06/01/27

    1,376,000        1,369,120   

5.875%, 01/15/24

    1,638,000        1,699,425   

Enterprise Products Operating LLC
3.700%, 02/15/26

    1,072,000        1,103,528   

3.750%, 02/15/25

    2,100,000        2,176,320   

3.900%, 02/15/24

    225,000        235,336   

4.465%, 08/01/66 (c)

    1,059,000        998,213   

Genesis Energy L.P. / Genesis Energy Finance Corp.
6.000%, 05/15/23

    6,046,000        6,000,655   

6.750%, 08/01/22

    5,004,000        5,156,022   

Hiland Partners L.P. / Hiland Partner Finance Corp.
7.250%, 10/01/20 (144A)

    400,000        414,500   

IFM U.S. Colonial Pipeline 2 LLC
6.450%, 05/01/21 (144A)

    2,500,000        2,822,463   

Kinder Morgan, Inc.
5.550%, 06/01/45

    4,130,000        4,236,930   

7.800%, 08/01/31

    67,000        81,652   

MPLX L.P.
4.875%, 12/01/24

    6,130,000        6,340,418   

5.500%, 02/15/23

    1,680,000        1,735,603   

NGPL PipeCo LLC
7.768%, 12/15/37 (144A)

    1,640,000        1,779,400   

Niska Gas Storage, Ltd. / Niska Gas Storage Canada Finance Corp.
6.500%, 04/01/19

    5,703,000        5,660,227   

Plains All American Pipeline L.P. / PAA Finance Corp.
4.650%, 10/15/25 (a)

    2,050,000        2,123,519   

 

MSF-268


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pipelines—(Continued)

  

Regency Energy Partners L.P. / Regency Energy Finance Corp.
5.875%, 03/01/22

    780,000      $ 860,087   

Rockies Express Pipeline LLC
5.625%, 04/15/20 (144A)

    1,298,000        1,369,390   

6.875%, 04/15/40 (144A)

    2,675,000        2,755,250   

7.500%, 07/15/38 (144A)

    6,175,000        6,560,937   

Sabine Pass Liquefaction LLC
5.750%, 05/15/24

    2,648,000        2,849,910   

Southern Natural Gas Co. LLC
5.900%, 04/01/17 (144A)

    10,000        10,213   

8.000%, 03/01/32

    25,000        32,114   

Summit Midstream Holdings LLC / Summit Midstream Finance Corp.
7.500%, 07/01/21

    4,020,000        4,160,700   

Tesoro Logistics L.P. / Tesoro Logistics Finance Corp.
5.500%, 10/15/19

    600,000        639,000   

5.875%, 10/01/20 (a)

    1,753,000        1,805,590   

6.125%, 10/15/21

    1,200,000        1,254,000   

6.250%, 10/15/22

    1,720,000        1,836,100   

Williams Cos., Inc. (The)
7.750%, 06/15/31

    1,563,000        1,785,728   

8.750%, 03/15/32

    11,414,000        14,153,360   
   

 

 

 
      87,355,796   
   

 

 

 

Real Estate—0.2%

  

CBRE Services, Inc.
4.875%, 03/01/26

    2,404,000        2,506,079   

Grainger plc
5.000%, 12/16/20 (GBP)

    2,550,000        3,623,850   
   

 

 

 
      6,129,929   
   

 

 

 

Real Estate Investment Trusts—0.7%

  

Corrections Corp. of America
4.125%, 04/01/20 (a)

    1,260,000        1,184,400   

5.000%, 10/15/22 (a)

    5,400,000        4,887,000   

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

    1,850,000        2,094,829   

CTR Partnership L.P. / CareTrust Capital Corp.
5.875%, 06/01/21

    2,410,000        2,494,350   

Digital Realty Trust L.P.
4.750%, 10/01/25

    1,668,000        1,809,887   

EPR Properties
4.500%, 04/01/25

    1,112,000        1,126,799   

Equinix, Inc.
5.375%, 04/01/23

    1,065,000        1,116,919   

5.875%, 01/15/26

    1,214,000        1,305,050   

Iron Mountain, Inc.
4.375%, 06/01/21 (144A)

    4,580,000        4,744,596   

6.000%, 10/01/20 (144A)

    1,657,000        1,748,135   

6.000%, 08/15/23

    560,000        597,800   
   

 

 

 
      23,109,765   
   

 

 

 

Retail—1.9%

  

1011778 BC ULC / New Red Finance, Inc.
6.000%, 04/01/22 (144A) (a)

    10,120,000      10,600,700   

AutoZone, Inc.
2.500%, 04/15/21

    800,000        814,770   

CST Brands, Inc.
5.000%, 05/01/23

    2,692,000        2,829,965   

CVS Health Corp.
3.875%, 07/20/25

    496,000        539,954   

5.125%, 07/20/45

    1,440,000        1,762,049   

Dollar Tree, Inc.
5.750%, 03/01/23

    11,372,000        12,239,115   

Guitar Center, Inc.
6.500%, 04/15/19 (144A)

    2,370,000        2,085,600   

L Brands, Inc.
5.625%, 02/15/22

    6,100,000        6,816,750   

6.625%, 04/01/21

    3,103,000        3,576,207   

6.950%, 03/01/33

    8,060,000        8,442,850   

McDonald’s Corp.
2.750%, 12/09/20

    441,000        457,608   

3.700%, 01/30/26

    1,047,000        1,126,412   

4.600%, 05/26/45

    1,259,000        1,412,734   

4.875%, 12/09/45

    1,102,000        1,278,948   

Neiman Marcus Group, Ltd. LLC
8.000%, 10/15/21 (144A) (a)

    10,123,000        8,452,705   

PetSmart, Inc.
7.125%, 03/15/23 (144A) (a)

    4,716,000        4,940,010   
   

 

 

 
      67,376,377   
   

 

 

 

Savings & Loans—0.1%

  

Nationwide Building Society
6.875%, 06/20/19 (GBP) (c)

    2,640,000        3,260,153   

Washington Mutual Bank
6.875%, 06/15/11 (e) (f)

    6,000,000        600   
   

 

 

 
      3,260,753   
   

 

 

 

Semiconductors—0.1%

  

Intel Corp.
4.900%, 07/29/45

    4,375,000        5,218,544   
   

 

 

 

Software—0.6%

  

Activision Blizzard, Inc.
5.625%, 09/15/21 (144A)

    6,230,000        6,500,388   

6.125%, 09/15/23 (144A)

    2,327,000        2,556,791   

First Data Corp.
5.750%, 01/15/24 (144A)

    1,468,000        1,508,370   

7.000%, 12/01/23 (144A)

    3,759,000        3,975,142   

Microsoft Corp.
2.375%, 02/12/22

    3,932,000        4,046,866   

Oracle Corp.
4.375%, 05/15/55

    2,590,000        2,751,277   
   

 

 

 
      21,338,834   
   

 

 

 

Telecommunications—3.2%

  

AT&T, Inc.
3.950%, 01/15/25

    4,723,000        5,013,498   

 

MSF-269


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Telecommunications—(Continued)

  

AT&T, Inc.
4.125%, 02/17/26

    2,771,000      $ 2,994,345   

4.750%, 05/15/46

    1,250,000        1,308,069   

4.800%, 06/15/44

    5,000,000        5,248,605   

Bharti Airtel International Netherlands B.V.
5.350%, 05/20/24

    9,810,000        10,735,279   

CenturyLink, Inc.
5.625%, 04/01/20

    690,000        729,675   

5.625%, 04/01/25

    1,670,000        1,599,025   

5.800%, 03/15/22

    520,000        533,000   

6.450%, 06/15/21

    1,175,000        1,258,719   

6.750%, 12/01/23

    1,290,000        1,341,600   

CommScope, Inc.
5.500%, 06/15/24 (144A)

    2,200,000        2,310,000   

Digicel, Ltd.
6.750%, 03/01/23

    4,810,000        4,244,825   

Frontier Communications Corp.
8.875%, 09/15/20

    50,000        53,938   

11.000%, 09/15/25

    5,757,000        6,008,869   

HC2 Holdings, Inc.
11.000%, 12/01/19 (144A)

    4,350,000        4,263,000   

Sprint Capital Corp.
8.750%, 03/15/32

    2,620,000        2,672,400   

Sprint Communications, Inc.
9.000%, 11/15/18 (144A)

    4,500,000        4,966,875   

11.500%, 11/15/21

    5,143,000        5,875,877   

Sprint Corp.
7.625%, 02/15/25 (a)

    1,790,000        1,772,100   

7.875%, 09/15/23

    8,000,000        8,050,000   

T-Mobile USA, Inc.
6.500%, 01/15/24

    803,000        868,701   

6.542%, 04/28/20

    900,000        930,375   

6.625%, 11/15/20

    875,000        899,063   

6.633%, 04/28/21

    3,425,000        3,604,813   

6.836%, 04/28/23

    228,000        245,670   

Telefonica Europe B.V.
6.750%, 11/26/20 (GBP) (c)

    2,400,000        3,325,724   

Verizon Communications, Inc.
4.862%, 08/21/46

    70,000        78,404   

5.012%, 08/21/54

    1,582,000        1,746,908   

5.150%, 09/15/23

    1,790,000        2,085,219   

6.550%, 09/15/43

    6,778,000        9,164,432   

West Corp.
5.375%, 07/15/22 (144A)

    13,564,000        13,292,720   

Windstream Services LLC
6.375%, 08/01/23

    265,000        240,488   

7.750%, 10/15/20 (a)

    5,925,000        6,028,687   
   

 

 

 
      113,490,903   
   

 

 

 

Transportation—0.6%

  

FedEx Corp.
4.550%, 04/01/46

    1,650,000        1,832,790   

Florida East Coast Holdings Corp.
6.750%, 05/01/19 (144A)

    9,865,000        10,111,625   

9.750%, 05/01/20 (144A)

    872,000        791,340   

Transportation—(Continued)

  

Navios Maritime Acquisition Corp. / Navios Acquisition Finance U.S., Inc.
8.125%, 11/15/21 (144A)

    4,670,000      3,432,450   

XPO Logistics, Inc.
6.500%, 06/15/22 (144A)

    5,520,000        5,754,600   
   

 

 

 
      21,922,805   
   

 

 

 

Trucking & Leasing—0.1%

  

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

    3,495,000        3,634,527   
   

 

 

 

Water—0.1%

  

Anglian Water Osprey Financing plc
5.000%, 04/30/23 (GBP)

    2,650,000        3,579,105   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $1,706,111,952)

      1,771,691,191   
   

 

 

 
Foreign Government—16.6%   

Regional Government—0.1%

  

Japan Finance Organization for Municipalities
4.000%, 01/13/21

    1,900,000        2,071,819   
   

 

 

 

Sovereign—16.5%

  

Abu Dhabi Government International Bond
3.125%, 05/03/26 (144A)

    17,360,000        18,132,520   

Argentine Republic Government International Bonds
6.875%, 04/22/21 (144A)

    2,150,000        2,340,275   

7.500%, 04/22/26 (144A)

    49,610,000        55,960,080   

7.625%, 04/22/46 (144A)

    1,170,000        1,319,760   

Bahamas Government International Bond
5.750%, 01/16/24 (144A)

    1,500,000        1,582,500   

Bermuda Government International Bond
4.138%, 01/03/23 (144A)

    2,000,000        2,135,000   

Brazil Notas do Tesouro Nacional
10.000%, 01/01/21 (BRL)

    25,000,000        7,305,287   

10.000%, 01/01/23 (BRL)

    110,000,000        31,532,032   

Brazilian Government International Bond
6.000%, 04/07/26 (a)

    52,100,000        57,700,750   

Ecuador Government International Bond
10.750%, 03/28/22 (144A)

    7,010,000        7,150,200   

Hungary Government International Bond
5.750%, 11/22/23

    31,214,000        36,754,485   

Indonesia Government International Bonds
4.750%, 01/08/26

    23,000,000        25,688,677   

5.125%, 01/15/45

    3,000,000        3,420,966   

5.250%, 01/17/42

    41,590,000        47,581,954   

Kazakhstan Government International Bond
5.125%, 07/21/25

    33,880,000        38,182,760   

Mexican Bonos
8.500%, 11/18/38 (MXN)

    531,300,000        33,764,509   

 

MSF-270


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Foreign Government—(Continued)

 

Security Description   Principal
Amount*
    Value  

Sovereign—(Continued)

  

Mexico Government International Bonds
4.125%, 01/21/26

    8,170,000      $ 8,786,835   

4.750%, 03/08/44

    62,260,000        64,516,925   

Peruvian Government International Bond
4.125%, 08/25/27 (a)

    33,400,000        38,159,500   

Poland Government International Bonds
3.250%, 04/06/26

    33,000,000        34,940,400   

4.000%, 01/22/24

    19,410,000        21,448,050   

Portugal Government International Bond
5.125%, 10/15/24 (144A)

    14,000,000        13,945,008   

Russian Federal Bonds - OFZ
7.050%, 01/19/28 (RUB)

    2,515,050,000        37,188,576   
   

 

 

 
      589,537,049   
   

 

 

 

Total Foreign Government
(Cost $553,442,261)

      591,608,868   
   

 

 

 
Mortgage-Backed Securities—12.6%   

Collateralized Mortgage Obligations—6.5%

  

American Home Mortgage Assets Trust
0.715%, 12/25/46 (c)

    3,607,752        2,420,209   

American Home Mortgage Investment Trust
1.105%, 11/25/45 (c)

    662,704        571,475   

Banc of America Funding Trust
0.702%, 05/20/36 (c)

    296,524        283,764   

0.789%, 09/29/36 (144A) (c)

    30,733,064        14,659,595   

0.802%, 03/27/36 (144A) (c)

    6,224,502        3,448,027   

Banc of America Mortgage Trust
2.763%, 12/25/34 (c)

    7,702        7,477   

3.226%, 09/25/35 (c)

    141,734        129,791   

5.750%, 01/25/35

    350,027        355,062   

BCAP LLC Trust
0.650%, 10/28/36 (144A) (c)

    3,644,074        3,467,472   

3.165%, 05/26/47 (144A) (c)

    8,079,013        5,490,546   

Bear Stearns ALT-A Trust
1.275%, 01/25/35 (c)

    1,515,000        1,291,449   

3.371%, 08/25/34 (c)

    8,660,852        8,816,803   

Bear Stearns Asset-Backed Securities Trust
31.311%, 07/25/36 (c)

    795,697        1,318,888   

Citigroup Mortgage Loan Trust, Inc.
3.082%, 12/25/35 (c)

    1,894,356        1,676,942   

CitiMortgage Alternative Loan Trust
32.874%, 07/25/37 (c)

    1,935,866        3,490,250   

Countrywide Alternative Loan Trust
0.766%, 07/20/35 (c)

    1,901,878        1,690,073   

0.795%, 01/25/36 (c)

    319,230        262,558   

1.165%, 07/25/35 (c)

    1,300,000        1,239,451   

5.750%, 01/25/37

    3,368,866        2,711,841   

6.000%, 01/25/37

    3,521,021        3,061,716   

15.784%, 06/25/35 (c)

    2,311,294        2,886,819   

21.224%, 02/25/36 (c)

    2,183,933        2,707,889   

26.499%, 07/25/36 (c)

    3,755,201        5,481,757   

35.848%, 08/25/37 (c)

    1,936,077        3,616,243   

Collateralized Mortgage Obligations—(Continued)

  

Countrywide Alternative Loan Trust Resecuritization
6.000%, 08/25/37

    8,558,599      6,491,281   

Countrywide Home Loan Reperforming Loan REMIC Trust
0.885%, 03/25/35 (144A) (c)

    723,684        640,186   

0.945%, 11/25/34 (144A) (c)

    77,555        65,380   

5.646%, 03/25/35 (144A) (c) (d) (h)

    8,884,700        1,234,115   

Credit Suisse Mortgage Trust
0.724%, 06/27/46 (144A) (c)

    3,560,859        3,373,468   

4.500%, 06/27/36 (144A)

    1,929,045        1,937,743   

27.636%, 02/25/36 (c)

    2,156,436        3,285,232   

DSLA Mortgage Loan Trust
0.741%, 03/19/45 (c)

    178,485        157,617   

Fannie Mae Connecticut Avenue Securities
3.525%, 07/25/24 (c)

    5,470,000        5,476,841   

5.775%, 10/25/23 (c)

    2,780,000        3,078,011   

Freddie Mac Structured Agency Credit Risk Debt Notes
5.025%, 02/25/24 (c)

    2,210,000        2,394,548   

5.175%, 10/25/28 (c)

    12,940,000        13,611,123   

5.275%, 10/25/24 (c)

    5,925,000        6,332,116   

GreenPoint MTA Trust
0.965%, 06/25/45 (c)

    1,788,489        1,562,051   

GSMPS Mortgage Loan Trust
0.925%, 04/25/36 (144A) (c)

    968,072        799,789   

GSR Mortgage Loan Trust
3.179%, 10/25/35 (c)

    409,369        356,031   

HarborView Mortgage Loan Trust
0.781%, 01/19/36 (c)

    1,151,859        770,862   

1.331%, 11/19/34 (c)

    2,125,539        1,880,974   

1.525%, 10/25/37 (c)

    1,975,409        1,844,773   

Impac CMB Trust
1.164%, 09/25/34 (c)

    9,084,825        8,570,024   

Impac Secured Assets CMN Owner Trust
0.845%, 03/25/36 (c)

    1,040,831        745,529   

IndyMac INDX Mortgage Loan Trust
1.245%, 01/25/35 (c)

    1,326,137        986,715   

2.966%, 03/25/35 (c)

    576,576        551,014   

3.139%, 05/25/37 (c)

    4,651,382        3,710,533   

JPMorgan Mortgage Trust
2.500%, 03/25/43 (144A) (c)

    18,471        18,739   

6.500%, 01/25/36

    128,255        105,539   

JPMorgan Resecuritization Trust
0.734%, 07/27/46 (144A) (c)

    5,026,171        4,692,622   

Lehman Mortgage Trust
6.105%, 02/25/37 (c) (g) (h)

    9,701,871        3,683,186   

Lehman XS Trust
0.685%, 03/25/47 (c)

    3,607,878        3,239,009   

0.725%, 08/25/46 (c)

    3,131,551        2,508,045   

Luminent Mortgage Trust
0.715%, 05/25/46 (c)

    1,398,430        1,057,480   

MASTR Adjustable Rate Mortgages Trust
2.984%, 11/25/35 (144A) (c)

    72,041        54,159   

MASTR Seasoned Securitization Trust
3.421%, 10/25/32 (c)

    172,693        167,819   

 

MSF-271


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Merrill Lynch Mortgage Investors Trust
3.087%, 08/25/33 (c)

    1,059,238      $ 987,761   

3.170%, 05/25/34 (c)

    115,434        114,360   

Morgan Stanley Mortgage Loan Trust
0.845%, 01/25/35 (c)

    1,135,786        1,046,767   

New Residential Mortgage Loan Trust
4.250%, 09/25/56 (144A) (c)

    8,390,000        8,873,317   

Nomura Resecuritization Trust
0.323%, 07/26/37 (144A) (c)

    2,795,999        2,683,054   

0.714%, 05/26/46 (144A) (c)

    17,785,312        10,450,859   

0.784%, 02/26/46 (144A) (c)

    4,868,000        4,155,222   

NovaStar Mortgage Funding Trust
0.643%, 09/25/46 (c)

    1,080,878        877,632   

Prime Mortgage Trust
5.500%, 05/25/35 (144A)

    1,200,638        1,201,616   

6.000%, 05/25/35 (144A)

    2,899,657        2,746,821   

RBSGC Mortgage Loan Trust
0.975%, 01/25/37 (c)

    986,888        577,952   

Residential Accredit Loans, Inc. Trust
0.715%, 05/25/47 (c)

    1,704,664        1,419,179   

0.735%, 04/25/46 (c)

    1,830,272        827,523   

0.785%, 04/25/46 (c)

    949,662        436,934   

1.815%, 11/25/37 (c)

    5,394,387        3,671,550   

Residential Asset Securitization Trust
5.750%, 02/25/36

    2,776,120        2,598,417   

6.025%, 12/25/36 (c) (g) (h)

    15,320,187        5,736,915   

Sequoia Mortgage Trust
1.611%, 06/20/33 (c)

    160,551        155,596   

3.728%, 07/25/45 (144A) (c)

    10,682        10,440   

Structured Adjustable Rate Mortgage Loan Trust
2.023%, 09/25/37 (c)

    5,377,344        4,474,759   

2.879%, 01/25/35 (c)

    747,888        706,191   

3.332%, 09/25/35 (c)

    1,002,866        823,092   

3.360%, 03/25/34 (c)

    126,219        126,054   

Structured Asset Mortgage Investments Trust
0.735%, 05/25/46 (c)

    272,633        202,370   

0.805%, 02/25/36 (c)

    4,954,138        4,061,356   

2.817%, 08/25/35 (c)

    95,770        90,800   

Structured Asset Securities Corp. Trust
0.875%, 03/25/35 (c)

    2,090,873        1,579,144   

WaMu Mortgage Pass-Through Certificates Trust

   

Zero Coupon, 07/25/45 (c)

    24,376        23,142   

0.795%, 12/25/45 (c)

    854,244        807,200   

1.299%, 07/25/47 (c)

    145,327        37,602   

1.943%, 03/25/47 (c)

    2,906,618        2,323,908   

2.533%, 09/25/36 (c)

    1,108,691        987,658   

2.695%, 08/25/33 (c)

    2,181,923        2,095,543   

2.840%, 10/25/34 (c)

    955,455        960,379   

6.155%, 04/25/37 (c) (g) (h)

    14,192,264        4,412,381   

Wells Fargo Mortgage-Backed Securities Trust
2.998%, 06/25/35 (c)

    72,946        74,246   

3.001%, 04/25/36 (c)

    119,670        116,718   

3.070%, 10/25/35 (c)

    83,840        84,499   
   

 

 

 
      229,027,608   
   

 

 

 

Commercial Mortgage-Backed Securities—6.1%

  

A10 Securitization LLC
2.400%, 11/15/25 (144A)

    14,774      14,771   

BAMLL Mezzanine Securities Trust
9.004%, 12/15/19 (144A) (c)

    5,700,000        5,496,687   

BAMLL Re-REMIC Trust
5.988%, 07/10/17 (144A) (c)

    11,727,532        7,998,646   

Banc of America Commercial Mortgage Trust
5.801%, 04/10/49 (c)

    4,570,000        4,219,234   

Bayview Commercial Asset Trust
Zero Coupon, 07/25/37 (144A) (d) (h)

    4,106,305        0   

Bear Stearns Commercial Mortgage Securities Trust
6.417%, 06/11/50 (c)

    3,540,000        3,436,451   

BLCP Hotel Trust
6.252%, 08/15/29 (144A) (c)

    6,414,136        6,257,458   

Citigroup Commercial Mortgage Trust
3.110%, 04/10/48 (144A)

    1,400,000        976,103   

3.208%, 07/10/47 (144A) (c)

    4,398,000        2,728,537   

3.468%, 09/15/27 (144A) (c)

    7,250,000        6,611,798   

6.333%, 12/10/49 (c)

    9,063,000        6,511,765   

Commercial Mortgage Pass-Through Certificates Mortgage Trust
3.000%, 12/10/47 (144A)

    2,230,000        1,413,077   

4.491%, 03/10/46 (144A) (c)

    2,710,000        1,729,414   

4.591%, 07/10/50 (c)

    1,726,000        1,322,083   

4.698%, 08/10/48 (144A) (c)

    5,800,000        3,200,749   

Credit Suisse Commercial Mortgage Trust
4.373%, 09/15/37 (144A)

    3,920,000        3,374,981   

5.373%, 12/15/39

    1,490,209        1,356,095   

6.393%, 06/15/38 (c)

    5,169,293        2,843,111   

9.168%, 03/15/17 (144A)

    6,400,000        6,192,000   

DBUBS Mortgage Trust
3.750%, 08/10/44 (144A)

    5,180,000        3,174,304   

EQTY Mortgage Trust
3.967%, 05/08/31 (144A) (c)

    9,700,000        9,477,994   

5.267%, 05/08/31 (144A) (c)

    1,852,256        1,736,334   

FREMF Mortgage Trust
4.522%, 09/25/22 (144A) (c)

    5,236,405        5,129,655   

GE Business Loan Trust
0.944%, 05/15/34 (144A) (c)

    777,679        660,676   

GE Commercial Mortgage Corp. Trust
5.677%, 12/10/49 (c)

    240,000        152,728   

GMAC Commercial Mortgage Securities, Inc.
5.349%, 11/10/45 (c)

    2,210,000        2,033,270   

GS Mortgage Securities Trust
4.681%, 05/10/49 (c)

    5,755,000        6,220,811   

4.801%, 06/10/47 (c)

    5,993,000        6,365,096   

5.622%, 11/10/39

    3,095,143        2,482,063   

Hyatt Hotel Portfolio Trust
6.749%, 11/15/16 (144A) (c)

    3,500,000        3,486,862   

JPMorgan Chase Commercial Mortgage Securities Trust
3.824%, 08/15/27 (144A) (c)

    460,000        455,719   

4.124%, 06/15/29 (144A) (c)

    3,540,000        3,469,536   

5.386%, 05/15/47 (c)

    2,280,000        1,698,874   

5.411%, 05/15/47

    2,120,000        1,611,200   

 

MSF-272


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

JPMorgan Chase Commercial Mortgage Securities Trust
5.502%, 06/12/47 (c)

    6,170,000      $ 4,945,641   

5.503%, 01/15/49 (c)

    7,680,000        3,355,392   

5.623%, 05/12/45

    730,000        732,461   

6.207%, 02/15/51 (c)

    1,350,000        1,227,899   

6.749%, 10/15/19 (144A) (c)

    9,900,000        9,735,148   

LB-UBS Commercial Mortgage Trust
6.454%, 09/15/45 (c)

    1,100,000        958,848   

Lone Star Portfolio Trust
7.424%, 09/15/28 (144A) (c)

    5,545,947        5,299,237   

7.500%, 09/15/20 (144A)

    5,410,624        5,119,492   

ML-CFC Commercial Mortgage Trust
5.450%, 08/12/48 (c)

    1,918,000        1,550,630   

5.450%, 08/12/48 (144A) (c)

    200,000        161,649   

6.193%, 09/12/49 (c)

    3,473,000        2,639,480   

6.222%, 09/12/49 (c)

    5,780,000        4,424,759   

Morgan Stanley Bank of America Merrill Lynch Trust
4.680%, 10/15/48 (144A) (c)

    9,534,000        6,059,770   

Morgan Stanley Capital Trust
5.399%, 12/15/43

    3,561,053        2,661,745   

6.103%, 06/11/49 (c)

    5,560,000        5,030,095   

Multifamily Trust
9.766%, 04/25/46 (144A) (c)

    17,621,568        20,443,820   

UBS-Barclays Commercial Mortgage Trust
5.000%, 05/10/63 (144A) (c)

    4,530,000        2,488,193   

Wachovia Bank Commercial Mortgage Trust
0.730%, 12/15/43 (144A) (c)

    646,000        631,248   

5.784%, 01/15/45 (144A) (c)

    6,466,500        5,852,313   

Waterfall Commercial Mortgage Trust
4.104%, 09/14/22 (144A) (c) (d)

    6,275,448        6,206,280   

Wells Fargo Commercial Mortgage Trust
4.458%, 08/15/50

    6,613,000        6,879,290   

WF-RBS Commercial Mortgage Trust
3.016%, 11/15/47 (144A)

    4,441,004        2,218,659   

3.250%, 06/15/46 (144A)

    8,240,000        5,562,741   
   

 

 

 
      218,022,872   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $454,887,041)

      447,050,480   
   

 

 

 
U.S. Treasury & Government Agencies—11.4%   

Agency Sponsored Mortgage - Backed—1.0%

  

Fannie Mae 15 Yr. Pool
4.000%, 07/01/18

    40,199        41,487   

4.000%, 08/01/18

    52,893        54,588   

4.000%, 03/01/19

    60,621        62,564   

5.000%, 12/01/21

    20,909        22,291   

5.500%, 12/01/16

    294        295   

6.500%, 12/01/16

    119        120   

6.500%, 01/01/17

    203        203   

Fannie Mae 20 Yr. Pool
8.500%, 08/01/19

    8,197        8,567   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
4.500%, 05/01/39

    2,300,199      2,565,801   

4.500%, 08/01/40

    6,466,916        7,093,445   

4.500%, 05/01/41

    4,444,053        4,885,555   

4.500%, 11/01/43

    3,830,769        4,201,911   

5.000%, 01/01/39

    443,083        491,706   

5.000%, 06/01/40

    237,478        264,148   

5.000%, 07/01/40

    176,039        195,427   

6.000%, 07/01/38

    30,840        35,369   

6.500%, 08/01/31

    1,311        1,511   

6.500%, 03/01/32

    13,517        15,570   

6.500%, 12/01/36

    1,421        1,637   

6.500%, 06/01/37

    34,183        39,802   

6.500%, 10/01/37

    28,316        32,781   

7.000%, 05/01/26

    1,388        1,490   

7.000%, 07/01/30

    278        286   

7.000%, 01/01/31

    418        476   

7.000%, 07/01/31

    1,635        1,868   

7.000%, 09/01/31

    3,809        4,292   

7.000%, 10/01/31

    3,349        3,911   

7.000%, 11/01/31

    24,187        25,729   

7.000%, 01/01/32

    5,920        6,091   

7.000%, 02/01/32

    4,545        4,723   

7.500%, 12/01/29

    491        502   

7.500%, 01/01/30

    565        696   

7.500%, 02/01/30

    344        348   

7.500%, 06/01/30

    497        498   

7.500%, 08/01/30

    89        91   

7.500%, 09/01/30

    814        953   

7.500%, 10/01/30

    91        104   

7.500%, 11/01/30

    10,476        11,144   

7.500%, 02/01/31

    3,688        3,800   

8.000%, 08/01/27

    1,197        1,355   

8.000%, 07/01/30

    714        892   

8.000%, 09/01/30

    413        439   

Fannie Mae REMICS (CMO)
0.875%, 05/25/34 (c)

    155,777        155,424   

4.500%, 06/25/29

    342,582        371,900   

9.750%, 11/25/18

    119,088        126,121   

9.750%, 08/25/19

    38,834        41,156   

Freddie Mac 30 Yr. Gold Pool
3.000%, 11/01/42

    2,614,572        2,741,301   

6.000%, 12/01/36

    23,897        27,558   

6.000%, 02/01/37

    31,991        36,722   

7.000%, 03/01/39

    172,270        199,737   

Freddie Mac ARM Non-Gold Pool
2.250%, 05/01/37 (c)

    46,960        48,533   

2.477%, 04/01/37 (c)

    49,687        51,780   

2.492%, 03/01/37 (c)

    108,272        112,974   

2.535%, 01/01/38 (c)

    28,453        30,186   

2.543%, 02/01/37 (c)

    27,106        28,214   

2.812%, 02/01/36 (c)

    44,871        47,549   

2.995%, 05/01/37 (c)

    67,819        72,407   

 

MSF-273


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 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
1.375%, 08/25/42 (c) (h)

    70,400,000      $ 4,341,484   

Freddie Mac REMICS (CMO)
1,156.500%, 06/15/21 (h)

    5        59   

Ginnie Mae I 30 Yr. Pool
5.000%, 04/15/35

    12,372        14,081   

5.500%, 01/15/34

    65,038        74,491   

5.500%, 04/15/34

    20,513        23,478   

5.500%, 07/15/34

    116,317        133,202   

5.500%, 10/15/34

    98,886        111,922   

5.750%, 10/15/38

    100,511        115,164   

6.000%, 02/15/33

    2,067        2,427   

6.000%, 03/15/33

    8,825        10,311   

6.000%, 06/15/33

    5,833        6,911   

6.000%, 07/15/33

    8,552        10,074   

6.000%, 09/15/33

    6,871        7,873   

6.000%, 10/15/33

    3,704        4,336   

6.000%, 08/15/34

    31,725        36,451   

6.500%, 03/15/29

    3,180        3,667   

6.500%, 02/15/32

    1,208        1,435   

6.500%, 03/15/32

    1,235        1,486   

6.500%, 11/15/32

    4,566        5,361   

7.000%, 03/15/31

    200        209   

Ginnie Mae II 30 Yr. Pool
3.500%, 03/20/45

    412,272        438,311   

3.500%, 03/20/46

    534,997        578,815   

5.000%, 08/20/34

    79,646        88,433   

5.500%, 03/20/34

    9,818        11,349   

6.000%, 05/20/32

    14,042        16,568   

6.000%, 11/20/33

    16,501        19,468   

Ginnie Mae II ARM Pool
1.990%, 01/20/60 (c)

    759,132        779,114   

2.366%, 05/20/60 (c)

    663,940        687,647   

Government National Mortgage Association (CMO)
0.945%, 04/16/52 (c) (h)

    17,147,770        602,748   

1.003%, 09/16/56 (c) (h)

    15,068,559        1,082,191   

1.006%, 03/16/47 (c) (h)

    11,593,702        415,942   

3.000%, 04/20/41

    842,897        872,196   
   

 

 

 
      34,673,232   
   

 

 

 

Federal Agencies—0.1%

  

Tennessee Valley Authority
5.250%, 09/15/39

    400,000        552,937   

5.980%, 04/01/36

    1,760,000        2,559,948   
   

 

 

 
      3,112,885   
   

 

 

 

U.S. Treasury—10.3%

  

U.S. Treasury Bonds
4.500%, 02/15/36

    14,550,000        20,476,855   

U.S. Treasury Floating Rate Notes
0.327%, 07/31/17 (c)

    50,000,000        50,017,150   

0.418%, 10/31/17 (c)

    50,000,000        50,048,050   

0.522%, 01/31/18 (c)

    50,000,000        50,121,700   

U.S. Treasury—(Continued)

  

U.S. Treasury Inflation Indexed Bonds
0.750%, 02/15/45 (i)

    50,649,824      52,206,648   

1.000%, 02/15/46 (i)

    46,482,595        51,383,302   

U.S. Treasury Notes
1.125%, 06/30/21

    2,280,000        2,277,328   

1.500%, 08/31/18

    220,000        222,973   

1.500%, 03/31/23

    41,000,000        41,293,068   

1.500%, 08/15/26

    3,720,000        3,683,815   

1.625%, 02/15/26

    30,000,000        30,051,570   

1.625%, 05/15/26

    16,305,000        16,326,653   

2.375%, 08/15/24

    10,000        10,655   
   

 

 

 
      368,119,767   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $398,886,340)

      405,905,884   
   

 

 

 

Investment Company Security—3.7%

  

PowerShares Senior Loan Portfolio
(Cost $130,648,870)

    5,634,400        130,774,424   
   

 

 

 
Floating Rate Loans (j)—2.3%   

Commercial Services—0.1%

  

Jaguar Holding Co. II
Term Loan B, 4.250%, 08/18/22

    1,973,179        1,981,812   
   

 

 

 

Diversified Telecommunication Services—0.1%

  

Level 3 Financing, Inc.
Term Loan B2, 3.500%, 05/31/22

    4,830,000        4,863,206   
   

 

 

 

Electric—0.2%

  

Energy Future Intermediate Holding Co. LLC
Term Loan, 4.250%, 12/19/16

    6,240,991        6,266,997   
   

 

 

 

Food—0.1%

  

Albertson’s LLC
Term Loan B6, 06/22/23 (k)

    4,570,000        4,618,556   
   

 

 

 

Insurance—0.2%

  

RPI Finance Trust
Term Loan B4, 3.588%, 11/09/20

    8,019,594        8,065,418   
   

 

 

 

Lodging—0.1%

  

Boyd Gaming Corp.
Term Loan B2, 09/15/23 (k)

    4,570,000        4,606,560   
   

 

 

 

Machinery—0.2%

  

Allison Transmission, Inc.
Term Loan B3, 09/23/22 (k)

    2,598,410        2,613,468   

Zebra Technologies Corp.
Term Loan B, 10/27/21 (k)

    4,410,724        4,466,890   
   

 

 

 
      7,080,358   
   

 

 

 

Media—0.1%

  

Charter Communications Operating LLC
Term Loan I, 3.500%, 01/24/23

    4,558,546        4,593,050   
   

 

 

 

 

MSF-274


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Floating Rate Loans (j)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—0.1%

  

Hercules Offshore LLC
Term Loan, 10.500%, 05/06/20 (g)

    4,414,742      $ 3,090,319   
   

 

 

 

Packaging & Containers—0.2%

  

Berry Plastics Holding Corp.
Term Loan H, 3.750%, 10/01/22

    1,177,837        1,182,548   

Reynolds Group Holdings, Inc.
Term Loan, 02/05/23 (k)

    4,000,000        4,017,044   
   

 

 

 
      5,199,592   
   

 

 

 

Pharmaceuticals—0.1%

  

Catalent Pharma Solutions, Inc.
Term Loan B, 05/20/21 (k)

    2,266,205        2,284,303   
   

 

 

 

Retail—0.3%

  

CWGS Group LLC
Term Loan, 5.750%, 02/20/20

    1,084,984        1,088,036   

Michaels Stores, Inc.
Term Loan B, 01/28/20 (k)

    4,550,000        4,570,853   

Petco Animal Supplies, Inc.
Term Loan B1, 01/26/23 (k)

    4,570,000        4,618,241   
   

 

 

 
      10,277,130   
   

 

 

 

Software—0.1%

  

First Data Corp.
Extended Term Loan, 4.525%, 03/24/21

    2,387,671        2,404,901   

Kronos, Inc.
Incremental Term Loan, 4.500%, 10/30/19

    2,230,000        2,239,408   
   

 

 

 
      4,644,309   
   

 

 

 

Telecommunications—0.3%

  

T-Mobile USA, Inc.
Term Loan B, 11/09/22 (k)

    4,558,518        4,597,183   

UPC Financing Partnership
Term Loan AN, 08/31/24 (k)

    4,570,000        4,594,993   
   

 

 

 
      9,192,176   
   

 

 

 

Transportation—0.1%

  

XPO Logistics, Inc.
Term Loan B2, 4.250%, 10/30/21

    4,558,575        4,588,776   
   

 

 

 

Total Floating Rate Loans
(Cost $82,529,592)

      81,352,562   
   

 

 

 
Asset-Backed Securities—2.2%   

Asset-Backed - Automobile—0.0%

  

Hertz Vehicle Financing II L.P.
3.520%, 03/25/21 (144A)

    1,300,000        1,316,407   
   

 

 

 

Asset-Backed - Home Equity—0.2%

  

Asset-Backed Securities Corp. Home Equity Loan Trust
3.374%, 04/15/33 (c)

    7,972        7,783   

Asset-Backed - Home Equity—(Continued)

  

Bear Stearns Asset-Backed Securities Trust
1.264%, 01/25/34 (c)

    20,669      20,030   

EMC Mortgage Loan Trust
0.974%, 05/25/43 (144A) (c)

    666,334        651,801   

1.174%, 05/25/43 (144A) (c)

    7,660,000        6,463,755   

1.225%, 01/25/41 (144A) (c)

    15,732        15,654   

Structured Asset Securities Corp. Mortgage Loan Trust
0.745%, 02/25/36 (144A) (c)

    2,665,719        174,470   
   

 

 

 
      7,333,493   
   

 

 

 

Asset-Backed - Manufactured Housing—0.5%

  

Conseco Financial Corp.
7.030%, 07/15/28

    7,147,682        6,947,023   

Greenpoint Manufactured Housing
Zero Coupon, 06/19/29 (c)

    350,000        319,655   

3.084%, 03/18/29 (c)

    425,000        374,212   

4.021%, 02/20/30 (c)

    350,000        315,665   

Manufactured Housing Contract Trust Pass-Through Certificates
4.012%, 02/20/32 (c)

    250,000        224,058   

4.028%, 03/13/32 (c)

    425,000        381,423   

Mid-State Trust VI
7.340%, 07/01/35

    207,620        219,843   

Origen Manufactured Housing Contract Trust
2.291%, 04/15/37 (c)

    1,578,972        1,384,749   

2.379%, 10/15/37 (c)

    1,756,592        1,506,215   

UCFC Manufactured Housing Contract
7.095%, 04/15/29 (c)

    4,850,000        4,806,710   
   

 

 

 
      16,479,553   
   

 

 

 

Asset-Backed - Other—0.9%

  

Amortizing Residential Collateral Trust
2.325%, 08/25/32 (c)

    41,617        37,457   

Applebee’s Funding LLC / IHOP Funding LLC
4.277%, 09/05/44 (144A)

    5,210,000        5,295,053   

Bear Stearns Asset-Backed Securities Trust
6.000%, 10/25/36

    1,937,890        1,458,269   

Countrywide Asset-Backed Certificates Trust
2.400%, 06/25/34 (c)

    156,104        144,327   

Countrywide Revolving Home Equity Loan Resecuritization Trust
0.824%, 12/15/33 (144A) (c)

    230,671        191,921   

Countrywide Revolving Home Equity Loan Trust
0.664%, 07/15/36 (c)

    476,083        414,187   

Encore Credit Receivables Trust
1.560%, 10/25/35 (c)

    2,327,806        1,496,618   

First Horizon Asset-Backed Trust
0.685%, 10/25/34 (c)

    39,850        36,869   

GSAMP Trust
0.725%, 01/25/36 (c)

    101,229        16,487   

GSRPM Mortgage Loan Trust
0.825%, 03/25/35 (144A) (c)

    558,595        549,868   

Home Equity Mortgage Loan Asset-Backed Notes
0.695%, 04/25/36 (c)

    156,027        113,534   

 

MSF-275


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Floating Rate Loans (j)—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

HSI Asset Securitization Corp. Trust
0.945%, 11/25/35 (c)

    4,000,000      $ 3,478,279   

Long Beach Mortgage Loan Trust
1.056%, 01/21/31 (c)

    22,022        20,774   

Magnus Dritte Immobilienbesitz und Verwaltungs 1 GmbH
7.250%, 07/01/24 (144A) (EUR) (d)

    2,112,000        2,410,835   

Magnus Relda Holding Vier GmbH
7.000%, 10/28/24 (144A) (EUR) (d)

    2,910,000        3,321,407   

Oaktree CLO, Ltd.
6.296%, 10/20/27 (144A) (c)

    7,050,000        6,254,147   

SACO I Trust
0.785%, 06/25/36 (c)

    375,030        647,321   

0.865%, 03/25/36 (c)

    97,377        164,407   

SoFi Consumer Loan Program
3.280%, 09/15/23 (144A) (d)

    7,189,693        7,094,129   
   

 

 

 
      33,145,889   
   

 

 

 

Asset-Backed - Student Loan—0.6%

  

DRB Prime Student Loan Trust
3.170%, 07/25/31 (144A)

    4,604,583        4,719,728   

National Collegiate Student Loan Trust
0.795%, 03/26/29 (c)

    2,250,000        2,142,586   

1.374%, 03/25/38 (c)

    8,464,214        4,321,556   

Nelnet Student Loan Trust
Zero Coupon, 03/22/32 (c)

    6,200,000        5,798,209   

Northstar Education Finance, Inc.
1.273%, 10/30/45 (c)

    100,000        72,290   

SoFi Professional Loan Program LLC
Zero Coupon, 08/25/36 (144A) (d)

    500        2,937,500   
   

 

 

 
      19,991,869   
   

 

 

 

Total Asset-Backed Securities
(Cost $79,712,459)

      78,267,211   
   

 

 

 
Convertible Preferred Stocks—0.3%   

Banks—0.2%

  

Wells Fargo & Co., Series L, 7.500%

    4,965        6,497,199   
   

 

 

 

Pharmaceuticals—0.1%

  

Allergan plc
5.500%, 03/01/18

    6,858        5,634,739   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $11,270,784)

      12,131,938   
   

 

 

 
Convertible Bonds—0.3%   

Energy-Alternate Sources—0.0%

  

LDK Solar Co., Ltd.
5.535%, 12/31/18 (e)

    341,970        27,358   
   

 

 

 

Mining—0.0%

  

Mirabela Nickel, Ltd.
9.500%, 06/24/19 (144A) (d) (e)

    1,420,687      71,034   
   

 

 

 

Oil & Gas—0.3%

  

Chesapeake Energy Corp.
5.500%, 09/15/26 (144A)

    6,400,000        6,416,000   

Oasis Petroleum, Inc.
2.625%, 09/15/23 (a)

    4,650,000        5,245,781   
   

 

 

 
      11,661,781   
   

 

 

 

Total Convertible Bonds
(Cost $12,410,576)

      11,760,173   
   

 

 

 
Municipals—0.3%                

Brazos River Harbor, TX Navigation District Revenue Bonds Dow Chemical Co. Project
5.950%, 05/15/33

    3,360,000        3,653,597   

JobsOhio Beverage System
4.532%, 01/01/35

    760,000        885,476   

Massachusetts State Development Finance Agency Revenue Board Institute, Inc.
5.375%, 04/01/41

    400,000        462,896   

Port Authority of New York & New Jersey
4.458%, 10/01/62

    460,000        529,345   

Texas Brazos Harbor Industrial Development Corp., Environmental Facilities Revenue Dow Chemical Project.
5.900%, 05/01/38 (c)

    1,505,000        1,600,688   

Texas Municipal Gas Acquisition & Supply Corp. III
5.000%, 12/15/30

    750,000        855,105   

5.000%, 12/15/31

    1,550,000        1,762,458   

Virginia Housing Development Authority
6.000%, 06/25/34

    809,803        859,784   
   

 

 

 

Total Municipals
(Cost $9,549,955)

      10,609,349   
   

 

 

 
Preferred Stocks—0.1%   

Air Freight & Logistics—0.0%

  

CEVA Group plc - Series A2 (g)

    864        302,302   
   

 

 

 

Banks—0.1%

  

Citigroup Capital, 7.122% (c)

    66,710        1,757,141   

GMAC Capital Trust, 6.602% (c)

    53,100        1,349,271   
   

 

 

 
      3,106,412   
   

 

 

 

Total Preferred Stocks
(Cost $4,404,969)

      3,408,714   
   

 

 

 
Common Stocks—0.0%                

Air Freight & Logistics—0.0%

  

CEVA Group plc (g)

    399        139,650   
   

 

 

 

 

MSF-276


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Common Stocks —(Continued)

 

Security Description   Shares/
Notional
Amount*
    Value  

Diversified Consumer Services—0.0%

  

Ascent CNR Corp. - Class A (f) (g)

    1,399,556      $ 27,991   
   

 

 

 

Energy Equipment & Services—0.0%

  

Hercules Offshore, Inc. (g) (l)

    10,611        18,357   
   

 

 

 

Household Durables—0.0%

  

Desarrolladora Homex S.A.B. de C.V. (l)

    220,114        22,023   
   

 

 

 

Marine—0.0%

  

Deep Ocean Group Holding A/S (f) (g) (l)

    44,744        347,661   
   

 

 

 

Media—0.0%

  

Cengage Learning, Inc.

    10,995        239,141   

ION Media Networks, Inc. (f) (g)

    785        528,132   
   

 

 

 
      767,273   
   

 

 

 

Metals & Mining—0.0%

  

Mirabela Nickel, Ltd. (f) (g) (l)

    7,827,755        59,910   
   

 

 

 

Total Common Stocks
(Cost $4,989,032)

      1,382,865   
   

 

 

 
Purchased Options—0.0%   

Credit Default Swaptions—0.0%

  

Put - CDX.NA.HY.26, Exercise Price $100, Expires 10/19/16 (Counterparty - Credit Suisse International)

    179,400,000        53,996   

Put - CDX.NA.HY.26, Exercise Price $100, Expires 10/19/16 (Counterparty - JPMorgan Chase Bank N.A.)

    168,530,000        50,724   
   

 

 

 
      104,720   
   

 

 

 

Currency Options—0.0%

  

USD Put/MXN Call, Strike Price MXN 18.40, Expires 12/09/16 (Counterparty - Barclays Bank plc)

    23,000,000        243,087   

USD Put/MXN Call, Strike Price MXN 18.875, Expires 12/21/16 (Counterparty - Barclays Bank plc)

    11,530,000        223,325   
   

 

 

 
      466,412   
   

 

 

 

Total Purchased Options
(Cost $4,418,708)

      571,132   
   

 

 

 
Warrant—0.0%   

Sovereign—0.0%

  

Venezuela Government Oil-Linked Payment Obligation, Expires 04/15/20 (l) (Cost $0)

    1,700        3,825   
   

 

 

 
Escrow Shares—0.0%   
Security Description   Shares/
Principal
Amount*
    Value  

Forest Products & Paper—0.0%

  

Sino-Forest Corp. (f)

    1,246,000      0   

Sino-Forest Corp. (f)

    500,000        0   
   

 

 

 

Total Escrow Shares
(Cost $0)

      0   
   

 

 

 
Short-Term Investments—0.9%   

Repurchase Agreements—0.9%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $2,060,752 on 10/03/16, collateralized by $1,960,000 U.S. Treasury Note at 2.625% due 11/15/20 with a value of $2,102,100.

    2,060,747        2,060,747   

Royal Bank of Scotland Group plc
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $29,701,114 on 10/03/16, collateralized by $29,859,000 U.S. Treasury Note at 1.250% due 11/15/18 with a value of $30,131,941.

    29,700,000        29,700,000   
   

 

 

 

Total Short-Term Investments
(Cost $31,760,747)

      31,760,747   
   

 

 

 
Securities Lending Reinvestments (m)—3.8%   

Certificates of Deposit—0.9%

  

Abbey National Treasury Services
0.440%, 10/03/16

    2,500,000        2,500,000   

ABN AMRO Bank NV
Zero Coupon, 12/22/16

    1,500,000        1,496,807   

Bank of Montreal
0.500%, 10/24/16

    2,500,000        2,500,000   

Bank of Nova Scotia
0.750%, 10/19/16

    2,000,000        2,000,218   

Bank of Tokyo-Mitsubishi, Ltd.
0.450%, 10/04/16

    1,500,000        1,500,002   

Chiba Bank, Ltd., New York
0.870%, 11/30/16

    2,000,000        2,000,338   

DZ Bank AG
0.950%, 01/03/17

    2,500,000        2,500,000   

KBC Bank NV
Zero Coupon, 12/27/16

    1,650,000        1,647,707   

1.000%, 01/04/17

    2,500,000        2,500,000   

Landesbank Baden-Wuerttemberg
0.450%, 10/03/16

    2,500,000        2,500,002   

National Bank of Canada
0.420%, 10/06/16

    2,000,000        1,999,998   

0.480%, 10/28/16

    1,000,000        999,994   

Norinchukin Bank
0.480%, 10/24/16

    1,600,000        1,599,998   

 

MSF-277


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (m)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Certificates of Deposit—(Continued)

  

Standard Chartered Bank New York
0.910%, 12/16/16

    800,000      $ 800,062   

Sumitomo Mitsui Trust Bank
0.540%, 10/26/16

    2,000,000        2,000,058   

Swedbank
0.350%, 10/03/16

    2,500,000        2,499,995   
   

 

 

 
      31,045,179   
   

 

 

 

Commercial Paper—0.4%

  

Albion Capital Corp.
0.720%, 10/25/16

    2,000,000        1,999,362   

BNP Paribas
0.510%, 10/21/16

    2,000,000        1,999,494   

Charta LLC
0.880%, 12/22/16

    2,500,000        2,495,222   

Credit Agricole Corporate and Investment Bank
0.610%, 11/01/16

    1,600,000        1,599,139   

Credit Suisse AG
0.971%, 10/19/16

    1,000,000        999,989   

Kells Funding LLC
1.040%, 01/19/17

    800,000        797,625   

LMA S.A. & LMA Americas
0.580%, 10/14/16

    300,000        299,955   

0.580%, 10/17/16

    250,000        249,940   

Manhattan Asset Funding
0.740%, 11/28/16

    2,500,000        2,497,523   

Ridgefield Funding Co. LLC
0.650%, 10/26/16

    800,000        799,595   

Thunder Bay Funding LLC
0.920%, 12/21/16

    1,500,000        1,496,850   
   

 

 

 
      15,234,694   
   

 

 

 

Repurchase Agreements—2.1%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $14,501,127 on 10/03/16, collateralized by $13,702,718 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/15/17 - 02/15/39, with a value of $14,790,004.

    14,500,000        14,500,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $11,500,799 on 10/03/16, collateralized by $11,289,818 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $11,730,010.

    11,500,000        11,500,000   

Repurchase Agreements—(Continued)

  

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $20,901,685 on 10/03/16, collateralized by $19,952,791 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $21,326,916.

    20,900,000      20,900,000   

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $423,555 on 10/03/16, collateralized by $349,921 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $432,009.

    423,538        423,538   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $15,000,875 on 10/03/16, collateralized by $23,993,414 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $15,300,893.

    15,000,000        15,000,000   

Nomura Securities
Repurchase Agreement dated 09/27/16 at 0.370% to be repurchased at $3,000,216 on 10/04/16, collateralized by $2,885,322 U.S. Treasury Obligations with rates ranging from 0.000% - 3.750%, maturity dates ranging from 12/01/16 - 08/15/41, with a value of $3,060,000.

    3,000,000        3,000,000   

Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $5,000,217 on 10/03/16, collateralized by $7,059,377 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $5,100,000.

    5,000,000        5,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $4,500,173 on 10/03/16, collateralized by $4,212,810 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $4,590,093.

    4,500,000        4,500,000   
   

 

 

 
      74,823,538   
   

 

 

 

 

MSF-278


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (m)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Time Deposits—0.4%

  

ANZ London
0.420%, 10/03/16

    3,000,000      $ 3,000,000   

Canadian Imperial Bank
0.260%, 10/03/16

    3,000,000        3,000,000   

DBS Bank, Ltd., Singapore
0.380%, 10/04/16

    3,000,000        3,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    2,600,000        2,600,000   

Royal Bank of Canada
0.280%, 10/03/16

    2,600,000        2,600,000   
   

 

 

 
      14,200,000   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $135,300,926)

      135,303,411   
   

 

 

 

Total Investments—104.3%
(Cost $3,620,324,212) (n)

      3,713,582,774   

Other assets and liabilities (net)—(4.3)%

      (154,574,310
   

 

 

 
Net Assets—100.0%     $ 3,559,008,464   
   

 

 

 

 

* 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 September 30, 2016, the market value of securities loaned was $124,790,214 and the collateral received consisted of cash in the amount of $130,300,520. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(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 September 30, 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 September 30, 2016, the market value of restricted securities was $28,015,199, which is 0.8% 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 September 30, 2016, these securities represent less than 0.05% of net assets.
(g) Illiquid security. As of September 30, 2016, these securities represent 1.1% of net assets.
(h) Interest only security.
(i) Principal amount of security is adjusted for inflation.
(j) 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.
(k) This loan will settle after September 30, 2016, at which time the interest rate will be determined.
(l) Non-income producing security.
(m) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(n) As of September 30, 2016, the aggregate cost of investments was $3,620,324,212. The aggregate unrealized appreciation and depreciation of investments were $159,611,520 and $(66,352,958), respectively, resulting in net unrealized appreciation of $93,258,562.
(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 September 30, 2016, the market value of 144A securities was $902,817,034, which is 25.4% of net assets.
(ARM)— Adjustable-Rate Mortgage
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CDX.NA.HY)— Markit North America High Yield CDS Index
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(EUR)— Euro
(GBP)— British Pound
(MXN)— Mexican Peso
(REMIC)— Real Estate Mortgage Investment Conduit
(RUB)— Russian Ruble

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Alta Wind Holdings LLC, 7.000%, 06/30/35

     07/14/10       $ 1,539,668       $ 1,539,668       $ 1,575,256   

Bayview Commercial Asset Trust, Zero Coupon, 07/25/37

     11/23/10         4,106,305         391,382         0   

Compiler Finance Sub, Inc., 7.000%, 05/01/21

     05/02/13         70,000         56,043         32,550   

Countrywide Home Loan Reperforming Loan REMIC Trust, 5.646%, 03/25/35

     01/08/15         8,884,700         1,293,834         1,234,115   

Magnus Dritte Immobilienbesitz und Verwaltungs 1 GmbH, 7.250%, 07/01/24

     06/26/14         2,112,000         2,874,326         2,410,835   

Magnus Relda Holding Vier GmbH, 7.000%, 10/28/24

     10/22/14         2,910,000         3,679,841         3,321,407   

Midwest Vanadium Pty, Ltd., 11.500%, 02/15/18

     05/05/11 - 05/24/11         952,902         982,680         14,294   

Mirabela Nickel, Ltd., 9.500%, 06/24/19

     06/06/14 - 06/30/14         1,420,687         1,420,687         71,034   

Mirabela Nickel, Ltd., 1.000%, 09/10/44

     09/10/14         36,053         32,519         4   

 

MSF-279


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

NSG Holdings LLC / NSG Holdings, Inc., 7.750%, 12/15/25

     01/25/13       $ 2,802,397       $ 2,963,480       $ 3,012,577   

Scotia Bank Peru DPR Finance Co., 3.600%, 03/15/17

     02/18/10         105,263         105,263         105,218   

SoFi Consumer Loan Program, 3.280%, 09/15/23

     08/19/15         7,189,693         7,189,308         7,094,129   

SoFi Professional Loan Program LLC, Zero Coupon, 08/25/36

     08/05/15         500         2,964,375         2,937,500   

Waterfall Commercial Mortgage Trust, 4.104%, 09/14/22

     09/08/15         6,275,448         6,275,448         6,206,280   
           

 

 

 
            $ 28,015,199   
           

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

      

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
ARS     295,610,000        

JPMorgan Chase Bank N.A.

       11/15/16         $ 18,985,870         $ (143,057
ARS     39,310,000        

Citibank N.A.

       02/15/17           2,389,666           9,895   
ARS     193,304,000        

Citibank N.A.

       02/15/17           11,822,875           (23,214
AUD     27,040,000        

Barclays Bank plc

       10/14/16           20,336,514           354,656   
AUD     2,691,249        

Citibank N.A.

       10/14/16           2,044,488           14,872   
AUD     6,543,458        

Citibank N.A.

       10/14/16           4,996,022           11,071   
AUD     36,721,693        

Citibank N.A.

       10/14/16           27,665,756           433,903   
CAD     930,647        

Citibank N.A.

       10/14/16           707,382           2,044   
CAD     79,526,328        

Citibank N.A.

       10/14/16           61,377,542           (755,167
CAD     1,476,449        

JPMorgan Chase Bank N.A.

       11/10/16           1,128,306           (2,602
EUR     2,853,996        

Bank of America N.A.

       10/14/16           3,160,529           46,982   
EUR     4,193,947        

Barclays Bank plc

       10/14/16           4,648,655           64,783   
EUR     32,140,000        

Barclays Bank plc

       10/14/16           36,290,174           (169,097
EUR     865,013        

Citibank N.A.

       10/14/16           963,564           8,595   
EUR     1,212,000        

Citibank N.A.

       10/14/16           1,338,581           23,545   
EUR     2,110,719        

Citibank N.A.

       10/14/16           2,388,110           (15,943
EUR     2,596,001        

Citibank N.A.

       11/10/16           2,920,768           396   
GBP     41,460,000        

Barclays Bank plc

       10/14/16           54,148,004           (397,420
GBP     29,374,475        

Citibank N.A.

       10/14/16           38,100,310           (17,937
GBP     1,000,000        

Citibank N.A.

       11/10/16           1,323,862           (26,769
GBP     1,000,000        

Citibank N.A.

       11/10/16           1,301,466           (4,373
IDR     235,349,535,439        

Barclays Bank plc

       10/14/16           17,829,510           175,790   
IDR     234,932,230,000        

Citibank N.A.

       10/14/16           17,962,484           10,891   
INR     4,668,890,000        

Citibank N.A.

       10/14/16           68,191,332           1,784,398   
JPY     8,568,870,000        

Barclays Bank plc

       10/14/16           85,360,914           (825,499
MXN     168,790,000        

Goldman Sachs & Co.

       10/14/16           8,938,255           (243,235
NZD     21,810,000        

Barclays Bank plc

       10/14/16           15,505,514           368,897   
NZD     22,340,000        

Barclays Bank plc

       10/14/16           15,831,353           428,819   
NZD     31,350,000        

Barclays Bank plc

       10/14/16           22,717,558           100,544   
NZD     1,500,000        

Citibank N.A.

       11/10/16           1,085,097           5,486   
NZD     2,000,000        

Citibank N.A.

       11/10/16           1,447,144           6,967   
RUB     2,283,870,000        

Barclays Bank plc

       10/14/16           34,444,914           1,839,244   
SGD     16,010,000        

Barclays Bank plc

       10/14/16           11,796,128           (55,009
SGD     17,650,000        

Barclays Bank plc

       10/14/16           12,998,969           (55,136
SGD     14,370,000        

Citibank N.A.

       10/14/16           10,577,999           (39,592

Contracts to Deliver

                          
AUD     40,000,000        

Barclays Bank plc

       10/14/16           30,340,920           (267,320
AUD     21,170,000        

Barclays Bank plc

       10/14/16           16,023,361           (176,050
AUD     20,290,000        

Barclays Bank plc

       10/14/16           15,419,365           (106,664
AUD     2,131,001        

Citibank N.A.

       10/14/16           1,591,063           (39,592
AUD     1,524,316        

Citibank N.A.

       10/14/16           1,147,065           (19,351
AUD     1,246,001        

Citibank N.A.

       10/14/16           934,866           (18,582
AUD     888,314        

Citibank N.A.

       10/14/16           676,244           (3,499
BRL     140,227,677        

Citibank N.A.

       10/14/16           41,249,501           (1,741,552
CAD     43,902,000        

Citibank N.A.

       10/14/16           33,229,889           (236,304
CAD     69,960,000        

JPMorgan Chase Bank N.A.

       10/14/16           53,069,110           (260,917

 

MSF-280


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

      

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
EUR     42,196,582        

Citibank N.A.

       10/14/16         $ 46,751,703         $ (671,631
EUR     550,001        

Citibank N.A.

       10/14/16           612,665           (5,463
EUR     484,629        

Citibank N.A.

       10/14/16           535,325           (9,333
EUR     386,957        

Citibank N.A.

       10/14/16           434,710           (177
EUR     310,001        

Citibank N.A.

       10/14/16           342,177           (6,223
EUR     1,116,001        

Citibank N.A.

       11/10/16           1,257,578           1,792   
EUR     384,001        

Citibank N.A.

       11/10/16           431,468           (632
EUR     383,001        

Citibank N.A.

       11/10/16           431,045           71   
EUR     275,001        

Citibank N.A.

       11/10/16           309,581           135   
EUR     243,001        

Citibank N.A.

       11/10/16           272,753           (685
EUR     242,001        

Citibank N.A.

       11/10/16           271,301           (1,012
GBP     31,020,000        

Barclays Bank plc

       10/14/16           40,888,858           673,153   
GBP     31,760,000        

Citibank N.A.

       10/14/16           41,308,485           133,412   
GBP     43,300,000        

Bank of America N.A.

       11/10/16           57,876,729           1,712,592   
GBP     4,656,627        

Citibank N.A.

       11/10/16           6,223,954           183,875   
INR     595,880,000        

Citibank N.A.

       10/14/16           8,938,692           7,846   
JPY     3,508,150,000        

Barclays Bank plc

       10/14/16           32,987,146           (1,622,192
JPY     5,722,126,734        

Citibank N.A.

       10/14/16           57,064,340           613,215   
JPY     6,130,630,000        

JPMorgan Chase Bank N.A.

       10/14/16           61,174,774           693,596   
KRW     41,204,220,000        

Barclays Bank plc

       10/14/16           35,745,832           (1,664,414
NZD     75,600,000        

Barclays Bank plc

       10/14/16           53,657,856           (1,367,614
NZD     5,500,000        

Citibank N.A.

       11/10/16           4,013,812           15,006   
SGD     48,030,000        

Citibank N.A.

       10/14/16           35,649,737           426,378   
TWD     1,045,790,000        

Bank of America N.A.

       10/14/16           32,377,399           (994,506
                     

 

 

 

Net Unrealized Depreciation

  

     $ (1,834,914)   
                     

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

90 Day Eurodollar Futures

     06/19/17         3,552        USD         879,354,007      $ (100,806

Australian 10 Year Treasury Bond Futures

     12/15/16         2,315        AUD         318,186,093        (760,356

Euro-Bobl Futures

     12/08/16         663        EUR         87,542,164        37,639   

U.S. Treasury Note 5 Year Futures

     12/30/16         251        USD         30,484,450        15,972   

U.S. Treasury Ultra Long Bond Futures

     12/20/16         14        USD         2,598,357        (24,107

Futures Contracts—Short

                                

90 Day Eurodollar Futures

     06/17/19         (3,552     USD         (877,199,719     299,718   

Euro-Bund Futures

     12/08/16         (844     EUR         (138,851,477     (1,122,588

Euro-Buxl 30 Year Bond Futures

     12/08/16         (103     EUR         (19,809,030     16,277   

U.S. Treasury Long Bond Futures

     12/20/16         (1,326     USD         (225,389,902     2,414,714   

U.S. Treasury Note 10 Year Futures

     12/20/16         (2,793     USD         (366,241,932     9,807   
            

 

 

 

Net Unrealized Appreciation

  

  $ 786,270   
            

 

 

 

Written Options

 

Foreign Currency Written Options

  Strike
Price
 

Counterparty

 

Expiration
Date

  Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/

(Depreciation)
 

USD Call/MXN Put

  MXN 20.40   Barclays Bank plc   12/09/16     USD        (23,000,000   $ (287,500   $ (423,683   $ (136,183

USD Call/MXN Put

  MXN 21.49   Barclays Bank plc   12/21/16     USD        (11,530,000     (185,079     (110,953     74,126   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ (472,579   $ (534,636   $ (62,057
           

 

 

   

 

 

   

 

 

 

 

MSF-281


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

Credit Default Swaptions

  Strike
Price
   

Counterparty

  Reference
Obligation
    Buy/Sell
Protection
    Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation
 

Put - 1 Yr. CDS

    96.00      JPMorgan Chase Bank N.A.     CDX.NA.HY.26        Sell        10/19/16        USD        (168,530,000   $ (889,838   $ (12,051   $ 877,787   

Put - 1 Yr. CDS

    96.00      Credit Suisse International     CDX.NA.HY.26        Sell        10/19/16        USD        (179,400,000     (717,600     (12,829     704,771   
               

 

 

   

 

 

   

 

 

 

Totals

  

  $ (1,607,438   $ (24,880   $ 1,582,558   
               

 

 

   

 

 

   

 

 

 

Swap Agreements

OTC 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      $ 1,351,033      $ (4,084   $ 1,355,117   
             

 

 

   

 

 

   

 

 

 

 

(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         14.85     01/04/21        Bank of America N.A.        BRL        190,843,760      $ 5,332,805      $ —        $ 5,332,805   
               

 

 

   

 

 

   

 

 

 

Centrally Cleared Interest Rate Swaps

 

Pay/Receive Floating Rate

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

Pay

     3-Month NZD-BBR-FRA         2.103     08/02/21         NZD         56,400,000       $ (6,857

Pay

     3-Month NZD-BBR-FRA         2.105     08/04/21         NZD         55,490,000         (2,158

Pay

     3-Month NZD-BBR-FRA         2.105     08/04/21         NZD         55,490,000         (2,158

Pay

     3-Month NZD-BBR-FRA         2.128     08/02/21         NZD         56,400,000         40,195   

Pay

     3M LIBOR         1.021     08/11/18         USD         676,360,000         163,747   

Pay

     3M LIBOR         1.185     06/13/21         USD         56,430,000         20,080   

Receive

     3M LIBOR         1.081     08/02/21         USD         38,970,000         194,020   

Receive

     3M LIBOR         1.084     08/02/21         USD         38,970,000         188,474   

Receive

     3M LIBOR         1.142     08/04/21         USD         38,950,000         83,140   

Receive

     3M LIBOR         1.144     08/04/21         USD         38,950,000         79,440   

Receive

     3M LIBOR         1.580     06/13/26         USD         56,280,000         (544,027

Receive

     3M LIBOR         1.674     11/30/22         USD         99,324,000         (2,396,239

Receive

     6M LIBOR         0.398     08/09/18         GBP         513,640,000         403,181   
                

 

 

 

Net Unrealized Depreciation

  

   $ (1,779,162
                

 

 

 

Centrally Cleared Credit Default Swaps on Credit Indices—Sell Protection (a)

 

Reference Obligation

   Fixed Deal
Receive Rate
    Maturity
Date
     Implied Credit
Spread at
September 30,
2016(b)
    Notional
Amount(c)
     Unrealized
Appreciation
 

CDX.NA.IG.27

     1.000     12/20/21         0.747     USD         80,160,000       $ 31,019   

CDX.NA.HY.27

     5.000     12/20/21         4.013     USD         14,400,000         14,351   
               

 

 

 

Net Unrealized Appreciation

  

   $ 45,370   
               

 

 

 

 

MSF-282


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

 

 

(a) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(c) The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.

Securities in the amount of $6,811,160 have been received at the custodian bank as collateral for OTC swap contracts.

 

(ARS)— Argentine Peso
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CAD)— Canadian Dollar
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(INR)— Indian Rupee
(JPY)— Japanese Yen
(KRW)— South Korean Won
(MXN)— Mexican Peso
(NZD)— New Zealand Dollar
(RUB)— Russian Ruble
(SGD)— Singapore Dollar
(TWD)— Taiwanese Dollar
(USD)— United States Dollar
(BBR)— Bank Bill Rate
(CDI)— Brazil Interbank Deposit Rate
(CDS)— Credit Default Swap
(CDX.NA.HY)— Markit North America High Yield CDS Index
(CDX.NA.IG)— Markit North America Investment Grade CDS Index
(LIBOR)— London Interbank Offered Rate

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy, 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-283


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2016:

 

Description    Level 1      Level 2      Level 3      Total  
Corporate Bonds & Notes            

Advertising

   $ —         $ 133,855       $ —         $ 133,855   

Aerospace/Defense

     —           11,238,233         —           11,238,233   

Agriculture

     —           25,487,292         —           25,487,292   

Airlines

     —           1,562,700         —           1,562,700   

Apparel

     —           10,715,516         —           10,715,516   

Auto Manufacturers

     —           25,282,431         —           25,282,431   

Auto Parts & Equipment

     —           28,879,039         —           28,879,039   

Banks

     —           327,451,700         —           327,451,700   

Beverages

     —           44,239,967         —           44,239,967   

Biotechnology

     —           13,704,102         —           13,704,102   

Building Materials

     —           4,083,975         —           4,083,975   

Chemicals

     —           16,283,094         —           16,283,094   

Coal

     —           2,559,375         —           2,559,375   

Commercial Services

     —           28,478,932         —           28,478,932   

Computers

     —           13,612,911         —           13,612,911   

Diversified Financial Services

     —           72,018,740         —           72,018,740   

Electric

     —           43,557,305         —           43,557,305   

Electronics

     —           2,250,379         —           2,250,379   

Energy-Alternate Sources

     —           1,575,256         —           1,575,256   

Engineering & Construction

     —           10,899,141         —           10,899,141   

Entertainment

     —           4,593,087         —           4,593,087   

Environmental Control

     —           1,427,876         —           1,427,876   

Food

     —           11,732,351         —           11,732,351   

Healthcare-Products

     —           24,657,202         —           24,657,202   

Healthcare-Services

     —           55,738,805         —           55,738,805   

Holding Companies-Diversified

     —           10,967,171         —           10,967,171   

Home Builders

     —           29,678,928         —           29,678,928   

Housewares

     —           17,098,007         —           17,098,007   

Insurance

     —           27,840,536         —           27,840,536   

Internet

     —           16,437,470         —           16,437,470   

Iron/Steel

     —           11,889,003         —           11,889,003   

Leisure Time

     —           30,504,050         —           30,504,050   

Lodging

     —           13,232,540         —           13,232,540   

Machinery-Construction & Mining

     —           501,766         —           501,766   

Media

     —           94,082,156         —           94,082,156   

Metal Fabricate/Hardware

     —           357,653         —           357,653   

Mining

     —           103,038,833         4         103,038,837   

Miscellaneous Manufacturing

     —           17,653,036         —           17,653,036   

Oil & Gas

     —           180,622,077         —           180,622,077   

Oil & Gas Services

     —           20,636,007         —           20,636,007   

Packaging & Containers

     —           24,604,865         —           24,604,865   

Pharmaceuticals

     —           33,966,487         —           33,966,487   

Pipelines

     —           87,355,796         —           87,355,796   

Real Estate

     —           6,129,929         —           6,129,929   

Real Estate Investment Trusts

     —           23,109,765         —           23,109,765   

Retail

     —           67,376,377         —           67,376,377   

Savings & Loans

     —           3,260,153         600         3,260,753   

Semiconductors

     —           5,218,544         —           5,218,544   

Software

     —           21,338,834         —           21,338,834   

Telecommunications

     —           113,490,903         —           113,490,903   

Transportation

     —           21,922,805         —           21,922,805   

Trucking & Leasing

     —           3,634,527         —           3,634,527   

Water

     —           3,579,105         —           3,579,105   

Total Corporate Bonds & Notes

     —           1,771,690,587         604         1,771,691,191   

Total Foreign Government*

     —           591,608,868         —           591,608,868   

 

MSF-284


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  

Total Mortgage-Backed Securities*

   $ —        $ 447,050,480      $ —         $ 447,050,480   

Total U.S. Treasury & Government Agencies*

     —          405,905,884        —           405,905,884   

Total Investment Company Security

     130,774,424        —          —           130,774,424   

Total Floating Rate Loans*

     —          81,352,562        —           81,352,562   

Total Asset-Backed Securities*

     —          78,267,211        —           78,267,211   

Total Convertible Preferred Stocks*

     12,131,938        —          —           12,131,938   

Total Convertible Bonds*

     —          11,760,173        —           11,760,173   

Total Municipals

     —          10,609,349        —           10,609,349   
Preferred Stocks          

Air Freight & Logistics

     —          302,302        —           302,302   

Banks

     3,106,412        —          —           3,106,412   

Total Preferred Stocks

     3,106,412        302,302        —           3,408,714   
Common Stocks          

Air Freight & Logistics

     —          139,650        —           139,650   

Diversified Consumer Services

     —          —          27,991         27,991   

Energy Equipment & Services

     18,357        —          —           18,357   

Household Durables

     22,023        —          —           22,023   

Marine

     —          —          347,661         347,661   

Media

     —          239,141        528,132         767,273   

Metals & Mining

     —          —          59,910         59,910   

Total Common Stocks

     40,380        378,791        963,694         1,382,865   

Total Purchased Options*

     —          571,132        —           571,132   

Total Warrant*

     —          3,825        —           3,825   

Total Escrow Shares*

     —          —          0         0   

Total Short-Term Investments*

     —          31,760,747        —           31,760,747   
Securities Lending Reinvestments          

Certificates of Deposit

     —          31,045,179        —           31,045,179   

Commercial Paper

     —          15,234,694        —           15,234,694   

Repurchase Agreements

     —          74,823,538        —           74,823,538   

Time Deposits

     —          14,200,000        —           14,200,000   

Total Securities Lending Reinvestments

     —          135,303,411        —           135,303,411   

Total Investments

   $ 146,053,154      $ 3,566,565,322      $ 964,298       $ 3,713,582,774   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (130,300,520   $ —         $ (130,300,520
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 10,152,849      $ —         $ 10,152,849   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (11,987,763     —           (11,987,763

Total Forward Contracts

   $ —        $ (1,834,914   $ —         $ (1,834,914
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 2,794,127      $ —        $ —         $ 2,794,127   

Futures Contracts (Unrealized Depreciation)

     (2,007,857     —          —           (2,007,857

Total Futures Contracts

   $ 786,270      $ —        $ —         $ 786,270   
Written Options          

Credit Default Swaptions at Value

   $ —        $ (24,880   $ —         $ (24,880

Foreign Currency Written Options at Value

     —          (534,636     —           (534,636

Total Written Options

   $ —        $ (559,516   $ —         $ (559,516
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 1,217,647      $ —         $ 1,217,647   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (2,951,439     —           (2,951,439

Total Centrally Cleared Swap Contracts

   $ —        $ (1,733,792   $ —         $ (1,733,792
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $ —        $ 6,683,838      $ —         $ 6,683,838   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-285


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 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
September 30,
2016
     Change in Unrealized
Appreciation/
(Depreciation) from
Investments Still Held at
September 30,  2016
 
Corporate Bonds & Notes              

Mining

   $ 0       $ 0       $ (a)    $ 4       $ 0   

Savings & Loans

     —           0         600  (a)      600         0   
Common Stocks              

Diversified Consumer Services

     —           0         27,991        27,991         0   

Marine

     208,910         138,751         —          347,661         138,751   

Media

     —           298,077         230,055  (a)      528,132         298,077   

Metals & Mining

     0         7,244         52,666  (a)      59,910         7,244   
Escrow Shares              

Forest Products & Paper

     —           0         —          0         0   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 208,910       $ 444,072       $ 311,316      $ 964,298       $ 444,072   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

 

(a) Security was acquired as a result of the merger with the Met Investors Series Trust Lord Abbett Bond Debenture Portfolio and the Met Investors Series Trust Pioneer Strategic Income Portfolio. Purchase amount shown above reflects the value of the security on the date of the merger.

 

MSF-286


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

U.S. Treasury & Government Agencies—83.9% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—24.3%

  

Fannie Mae 15 Yr. Pool
2.500%, TBA (a)

    9,400,000      $ 9,718,834   

3.000%, TBA (a)

    6,200,000        6,500,071   

3.500%, TBA (a)

    15,000,000        15,803,907   

4.500%, 03/01/20

    55,617        57,075   

5.000%, 03/01/18

    43,244        44,446   

6.500%, 06/01/17

    7,241        7,279   

Fannie Mae 20 Yr. Pool
4.500%, 11/01/31

    979,573        1,075,700   

4.500%, 12/01/31

    1,397,085        1,534,636   

Fannie Mae 30 Yr. Pool
3.000%, 09/01/42

    10,412,325        10,902,906   

3.000%, TBA (a)

    7,900,000        8,192,027   

3.500%, TBA (a)

    14,900,000        15,703,493   

4.000%, 02/01/40

    879,281        971,568   

4.000%, 06/01/42

    8,174,961        9,010,906   

4.000%, 07/01/42

    4,055,405        4,359,165   

4.000%, 05/01/43

    19,637,708        21,554,737   

4.000%, 10/01/43

    10,977,426        12,056,207   

4.000%, TBA (a)

    82,800,000        88,822,408   

4.500%, 04/01/41

    11,752,617        12,924,446   

4.500%, 10/01/41

    8,238,387        9,028,971   

4.500%, 07/01/44

    312,182        348,140   

4.500%, 10/01/44

    1,970,732        2,190,366   

4.500%, 01/01/45

    167,566        188,625   

4.500%, TBA (a)

    5,100,000        5,579,498   

5.000%, 07/01/33

    318,573        355,267   

5.000%, 09/01/33

    387,128        434,938   

5.000%, 10/01/35

    1,085,616        1,219,711   

5.000%, 03/01/36

    1,742,762        1,938,951   

5.000%, 01/01/39

    14,010        15,802   

5.000%, 08/01/39

    35,299        39,859   

5.000%, 12/01/39

    26,953        30,287   

5.000%, 05/01/40

    35,314        39,477   

5.000%, 07/01/40

    50,475        57,099   

5.000%, 11/01/40

    1,338,696        1,512,951   

5.000%, 01/01/41

    63,472        71,815   

5.000%, 02/01/41

    69,128        76,872   

5.000%, 04/01/41

    146,327        165,628   

5.000%, 05/01/41

    2,959,458        3,346,175   

5.000%, 06/01/41

    294,315        333,137   

5.000%, 07/01/41

    2,770,692        3,074,743   

5.000%, TBA (a)

    2,700,000        2,997,053   

6.000%, 04/01/33

    93,871        108,811   

6.000%, 02/01/34

    19,890        23,144   

6.000%, 11/01/35

    203,086        236,158   

6.000%, 08/01/37

    435,057        506,229   

6.500%, 03/01/26

    1,384        1,594   

6.500%, 04/01/29

    66,423        76,510   

7.000%, 11/01/28

    2,031        2,257   

7.000%, 02/01/29

    693        695   

7.000%, 01/01/30

    2,235        2,301   

7.000%, 10/01/37

    20,805        23,060   

7.000%, 11/01/37

    33,257        40,032   

7.000%, 12/01/37

    26,153        29,269   

7.000%, 02/01/38

    18,136        20,042   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
7.000%, 08/01/38

    14,403      15,863   

7.000%, 09/01/38

    3,061        3,167   

7.000%, 11/01/38

    152,500        179,108   

7.000%, 02/01/39

    1,583,875        1,823,841   

7.500%, 04/01/32

    13,674        14,035   

8.000%, 05/01/28

    4,270        4,893   

8.000%, 07/01/32

    886        968   

Fannie Mae ARM Pool
2.379%, 07/01/37 (b)

    36,912        39,047   

Fannie Mae Interest Strip (CMO)
3.500%, 11/25/41 (c)

    3,220,873        463,793   

4.000%, 04/25/42 (c)

    4,482,003        750,963   

4.500%, 11/25/39 (c)

    2,583,009        408,911   

Fannie Mae Pool
3.500%, 08/01/42

    13,107,275        13,979,599   

3.500%, 09/01/42

    899,607        959,553   

3.500%, 10/01/42

    6,261,008        6,677,703   

4.000%, 10/01/42

    3,834,760        4,174,855   

4.000%, 11/01/42

    2,623,264        2,855,458   

4.000%, 07/01/43

    80,425        87,596   

4.000%, 08/01/43

    1,832,527        1,996,573   

5.000%, 05/01/40

    26,928        30,421   

6.500%, 12/01/27

    4,651        4,703   

6.500%, 05/01/32

    24,465        28,698   

Fannie Mae REMIC Trust Whole Loan (CMO)
3.740%, 01/25/43 (b)

    365,047        384,787   

Fannie Mae REMICS (CMO)
Zero Coupon, 03/25/42 (d)

    661,450        601,182   

3.000%, 12/25/27 (c)

    8,815,036        787,372   

5.500%, 07/25/41

    8,136,654        9,534,850   

5.500%, 04/25/42

    2,787,529        3,137,745   

5.625%, 03/25/42 (b) (c)

    10,759,588        1,854,583   

5.625%, 12/25/42 (b) (c)

    1,232,509        277,559   

6.000%, 05/25/42

    1,783,600        2,048,082   

6.005%, 01/25/41 (b) (c)

    1,743,236        334,342   

6.025%, 10/25/41 (b) (c)

    6,537,236        1,337,980   

6.125%, 02/25/41 (b) (c)

    1,029,772        130,258   

6.125%, 03/25/42 (b) (c)

    2,601,704        482,795   

6.500%, 06/25/39

    354,787        394,954   

6.500%, 07/25/42

    3,310,053        3,831,460   

9.750%, 11/25/18

    449,886        476,457   

9.750%, 08/25/19

    142,391        150,904   

Fannie Mae-ACES (CMO)
2.037%, 09/25/26

    2,583,280        2,600,006   

2.499%, 09/25/26

    3,850,000        3,907,519   

Freddie Mac 30 Yr. Gold Pool
3.000%, TBA (a)

    10,000,000        10,368,164   

4.000%, 07/01/43

    5,842,995        6,409,727   

4.000%, 08/01/43

    6,039,295        6,625,079   

4.500%, 06/01/38

    2,118,377        2,321,128   

5.000%, 08/01/33

    28,803        32,334   

5.000%, 06/01/41

    6,823,527        7,645,731   

6.000%, 10/01/36

    1,111,467        1,287,158   

6.500%, 09/01/39

    403,716        486,605   

8.000%, 12/01/19

    575        579   

8.000%, 09/01/30

    4,184        5,053   

 

MSF-287


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 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

    1,029      $ 1,034   

Freddie Mac ARM Non-Gold Pool
2.250%, 05/01/37 (b)

    34,225        35,371   

2.543%, 02/01/37 (b)

    19,713        20,520   

2.770%, 01/01/35 (b)

    13,647        14,497   

2.995%, 05/01/37 (b)

    49,323        52,660   

Freddie Mac Gold Pool
3.500%, 10/01/42

    1,330,812        1,419,246   

3.500%, 02/01/44

    598,448        638,642   

4.000%, 04/01/43

    1,970,879        2,144,063   

4.000%, 08/01/43

    1,206,545        1,312,385   

Freddie Mac REMICS (CMO)
4.500%, 04/15/32

    304,579        338,632   

6.000%, 05/15/36

    784,476        890,779   

8.500%, 06/15/21

    10,858        11,720   

Ginnie Mae I 30 Yr. Pool
5.500%, 06/15/36

    594,463        678,996   

6.000%, 03/15/33

    990,659        1,168,370   

6.500%, 06/15/31

    4,488        5,176   

6.500%, 08/15/34

    232,707        268,364   

7.500%, 09/15/29

    2,338        2,657   

7.500%, 02/15/30

    1,648        1,719   

8.500%, 05/15/18

    3,502        3,516   

8.500%, 06/15/25

    31,859        37,931   

Ginnie Mae II 30 Yr. Pool
3.000%, 08/20/46

    29,427,825        30,868,876   

3.500%, TBA (a)

    24,000,000        25,462,501   

4.000%, 09/20/45

    2,129,026        2,324,742   

4.000%, 11/20/45

    12,671,905        13,785,417   

4.500%, 01/20/40

    991,800        1,085,674   

4.500%, 05/20/40

    1,352,133        1,480,385   

4.500%, 09/20/40

    27,368        29,971   

4.500%, 01/20/41

    211,239        231,690   

4.500%, 07/20/41

    1,465,943        1,605,865   

5.000%, 07/20/40

    1,027,838        1,141,425   

6.000%, 11/20/34

    1,909        2,247   

6.000%, 06/20/35

    3,109        3,670   

6.000%, 07/20/36

    186,064        214,290   

6.000%, 09/20/36

    9,349        10,722   

6.000%, 07/20/38

    491,159        562,508   

6.000%, 09/20/38

    1,348,380        1,544,266   

6.000%, 06/20/39

    5,396        6,265   

6.000%, 05/20/40

    121,504        140,350   

6.000%, 06/20/40

    317,508        366,224   

6.000%, 08/20/40

    165,761        192,163   

6.000%, 09/20/40

    403,791        455,783   

6.000%, 10/20/40

    265,922        312,124   

6.000%, 11/20/40

    359,384        408,566   

6.000%, 01/20/41

    315,476        360,957   

6.000%, 03/20/41

    1,469,780        1,713,051   

6.000%, 07/20/41

    289,359        328,180   

6.000%, 12/20/41

    196,551        226,344   

6.500%, 10/20/37

    406,720        477,243   

Agency Sponsored Mortgage - Backed—(Continued)

  

Government National Mortgage Association (CMO)
0.371%, 02/16/53 (b) (c)

    15,963,879      510,329   

0.523%, 10/16/54 (b) (c)

    34,400,302        1,208,944   

0.531%, 05/16/54 (b) (c)

    20,943,017        677,819   

0.686%, 03/16/49 (b) (c)

    13,100,143        453,739   

0.769%, 09/16/51 (b) (c)

    69,292,693        3,841,157   

0.794%, 06/16/55 (b) (c)

    13,604,948        616,322   

0.796%, 05/16/54 (b) (c)

    19,814,413        1,034,566   

0.810%, 09/16/46 (b) (c)

    53,971,508        1,726,932   

0.869%, 11/16/55 (b) (c)

    29,024,716        1,893,181   

0.870%, 01/16/57 (b) (c)

    31,073,084        2,305,704   

0.874%, 12/20/60 (b)

    18,713,972        18,580,741   

0.894%, 12/20/60 (b)

    6,391,157        6,354,629   

0.900%, 01/16/56 (b) (c)

    65,120,967        4,882,321   

0.930%, 02/16/48 (b) (c)

    8,734,518        428,246   

0.942%, 09/16/55 (b) (c)

    21,830,599        1,318,638   

0.974%, 03/20/61 (b)

    5,215,317        5,199,741   

0.994%, 12/20/60 (b)

    47,339,790        47,228,385   

1.003%, 09/16/56 (b) (c)

    34,696,505        2,491,827   

1.071%, 09/16/44 (b) (c)

    20,019,499        1,199,654   

1.167%, 02/16/46 (b) (c)

    25,289,133        1,634,945   

5.570%, 08/16/42 (b) (c)

    1,544,289        236,116   

5.968%, 03/20/39 (b) (c)

    445,360        29,432   

6.118%, 01/20/40 (b) (c)

    1,185,217        129,669   
   

 

 

 
      553,680,233   
   

 

 

 

Federal Agencies—37.5%

  

Federal Farm Credit Bank
0.650%, 06/19/17

    15,000,000        15,004,365   

1.100%, 06/01/18

    20,000,000        20,076,980   

1.950%, 11/15/17

    19,980,000        20,242,577   

Federal Home Loan Bank
0.500%, 10/17/16

    15,000,000        15,001,500   

0.625%, 11/23/16

    20,000,000        20,009,200   

0.625%, 10/26/17

    18,000,000        17,983,962   

0.750%, 03/24/17

    23,000,000        23,031,050   

0.750%, 12/08/17

    17,000,000        17,003,791   

0.875%, 03/19/18

    20,000,000        20,016,020   

2.125%, 06/09/23

    17,700,000        18,323,323   

2.750%, 06/08/18

    15,000,000        15,485,190   

5.250%, 12/11/20

    12,000,000        13,966,356   

Federal Home Loan Mortgage Corp.
Zero Coupon, 11/29/19

    10,000,000        9,552,920   

0.750%, 04/09/18

    9,000,000        8,991,864   

0.875%, 10/12/18 (e)

    20,000,000        19,990,800   

1.125%, 04/15/19

    30,000,000        30,133,230   

5.000%, 12/14/18

    12,741,000        13,853,276   

Federal National Mortgage Association
Zero Coupon, 10/09/19

    50,000,000        47,994,000   

1.250%, 05/06/21

    20,000,000        19,983,800   

1.875%, 09/24/26

    7,000,000        6,964,895   

2.125%, 04/24/26

    10,000,000        10,176,490   

2.625%, 09/06/24

    22,000,000        23,551,572   

 

MSF-288


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 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      $ 20,275,114   

Zero Coupon, 05/11/18

    40,000,000        39,447,680   

Zero Coupon, 08/03/18

    7,638,000        7,512,974   

Zero Coupon, 12/27/18

    16,254,000        15,889,309   

Zero Coupon, 06/06/19

    26,414,000        25,658,560   

Zero Coupon, 09/26/19

    14,535,000        14,083,528   

Government Trust Certificates
Zero Coupon, 10/01/16

    8,567,000        8,567,000   

National Archives Facility Trust
8.500%, 09/01/19 (f)

    1,747,594        1,954,551   

New Valley Generation II
5.572%, 05/01/20

    6,078,275        6,579,732   

Overseas Private Investment Corp.
Zero Coupon, 11/11/16 (g)

    6,647,377        6,712,455   

Zero Coupon, 11/17/16

    26,000,000        28,036,743   

Zero Coupon, 11/18/16

    12,000,000        12,087,204   

Zero Coupon, 11/17/17

    4,700,000        5,018,745   

Zero Coupon, 07/30/19

    20,000,000        21,134,480   

Zero Coupon, 11/13/19

    5,000,000        5,294,155   

2.310%, 11/15/30 (f)

    8,580,420        8,663,359   

3.330%, 05/15/33 (f)

    6,662,523        7,105,121   

3.490%, 12/20/29 (f)

    12,214,170        13,251,458   

Residual Funding Corp. Principal Strip
Zero Coupon, 10/15/19

    10,642,000        10,292,219   

Zero Coupon, 07/15/20

    10,000,000        9,546,370   

Zero Coupon, 10/15/20

    38,159,000        36,191,675   

Zero Coupon, 01/15/21

    20,000,000        18,863,300   

Zero Coupon, 01/15/30

    25,000,000        18,050,050   

Tennessee Valley Authority
1.750%, 10/15/18

    20,000,000        20,337,340   

3.875%, 02/15/21

    35,000,000        38,825,255   

4.500%, 04/01/18

    20,000,000        21,075,960   

5.500%, 07/18/17

    23,306,000        24,188,994   
   

 

 

 
      851,980,492   
   

 

 

 

U.S. Treasury—22.1%

  

U.S. Treasury Bonds
3.000%, 11/15/44

    3,400,000        3,876,663   

4.625%, 02/15/40

    4,000,000        5,771,248   

5.250%, 02/15/29

    13,000,000        18,075,590   

U.S. Treasury Inflation Indexed Bonds
0.625%, 02/15/43 (f)

    10,258,150        10,285,447   

0.750%, 02/15/45 (f)

    12,570,477        12,956,856   

1.000%, 02/15/46 (f)

    18,607,258        20,569,039   

1.375%, 02/15/44 (f)

    28,809,819        34,174,294   

U.S. Treasury Notes
1.000%, 05/31/18

    35,000,000        35,138,075   

1.000%, 08/15/18

    22,000,000        22,092,818   

1.250%, 10/31/18

    25,000,000        25,226,550   

1.500%, 02/28/23

    34,960,000        35,231,744   

1.625%, 06/30/20

    46,000,000        47,002,662   

1.875%, 09/30/17

    10,000,000        10,117,970   

1.875%, 05/31/22

    89,000,000        91,875,145   

2.000%, 11/30/22

    100,000,000        103,906,200   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
2.125%, 08/31/20

    25,000,000      26,010,750   
   

 

 

 
      502,311,051   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $1,870,122,752)

      1,907,971,776   
   

 

 

 
Corporate Bonds & Notes—9.6%   

Banks—1.2%

  

Bank of Montreal
1.750%, 06/15/21 (144A)

    10,000,000        9,973,070   

National Australia Bank, Ltd.
1.250%, 03/08/18 (144A)

    13,000,000        13,030,966   

Stadshypotek AB
1.875%, 10/02/19 (144A)

    5,000,000        5,049,625   
   

 

 

 
      28,053,661   
   

 

 

 

Diversified Financial Services—4.9%

  

COP I LLC
3.650%, 12/05/21

    7,110,867        7,477,702   

Postal Square L.P.
6.500%, 06/15/22

    7,099,380        7,980,271   

Private Export Funding Corp.
1.375%, 02/15/17

    25,000,000        25,068,825   

2.250%, 12/15/17

    40,000,000        40,647,200   

2.300%, 09/15/20

    28,000,000        29,072,176   
   

 

 

 
      110,246,174   
   

 

 

 

Multi-National—0.1%

  

Asian Development Bank
2.125%, 03/19/25

    2,000,000        2,055,184   
   

 

 

 

Oil & Gas—0.3%

  

Ecopetrol S.A.
5.375%, 06/26/26

    4,260,000        4,434,447   

Petroleos Mexicanos
6.375%, 01/23/45

    3,610,000        3,447,550   
   

 

 

 
      7,881,997   
   

 

 

 

Sovereign—3.1%

  

National Credit Union Administration Guaranteed Notes Trust
3.000%, 06/12/19

    19,650,000        20,662,958   

3.450%, 06/12/21

    45,000,000        48,928,950   
   

 

 

 
      69,591,908   
   

 

 

 

Total Corporate Bonds & Notes (Cost $214,061,301)

      217,828,924   
   

 

 

 

 

MSF-289


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Foreign Government—7.1%

 

Security Description   Principal
Amount*
    Value  

Sovereign—7.1%

  

Colombia Government International Bond
5.625%, 02/26/44

    4,840,000      $ 5,602,300   

Indonesia Government International Bonds
3.750%, 04/25/22 (144A)

    410,000        432,074   

3.750%, 04/25/22

    1,900,000        2,002,294   

4.875%, 05/05/21

    2,957,000        3,253,176   

5.875%, 03/13/20

    310,000        346,864   

5.875%, 01/15/24 (144A)

    1,060,000        1,250,023   

Israel Government AID Bonds
Zero Coupon, 11/15/18

    20,869,000        20,488,308   

5.500%, 12/04/23

    24,290,000        30,448,171   

5.500%, 04/26/24

    20,950,000        26,424,298   

Mexico Government International Bond
5.550%, 01/21/45

    11,480,000        13,302,450   

Peruvian Government International Bond
5.625%, 11/18/50 (e)

    4,000,000        5,290,000   

Poland Government International Bond
4.000%, 01/22/24

    7,870,000        8,696,350   

Ukraine Government AID Bonds
1.471%, 09/29/21

    20,000,000        20,120,980   

1.844%, 05/16/19

    25,000,000        25,348,275   
   

 

 

 

Total Foreign Government
(Cost $154,764,798)

      163,005,563   
   

 

 

 
Mortgage-Backed Securities—5.5%   

Collateralized Mortgage Obligations—5.2%

  

American Home Mortgage Assets Trust
0.715%, 12/25/46 (b)

    2,422,918        1,625,380   

Banc of America Funding Corp.
0.674%, 02/27/37 (144A) (b)

    11,667,947        11,050,875   

Banc of America Funding Trust
0.689%, 09/29/36 (144A) (b)

    10,940,734        10,477,016   

2.123%, 06/20/35 (b)

    302,522        190,768   

Banc of America Mortgage Trust
3.239%, 07/25/35 (b)

    92,546        85,511   

BCAP LLC Trust
0.674%, 11/27/36 (144A) (b)

    16,983,722        15,729,674   

Citigroup Mortgage Loan Trust
2.930%, 10/25/35 (b)

    188,099        185,394   

Countrywide Alternative Loan Trust
0.732%, 07/20/46 (b)

    2,804,120        1,383,562   

1.105%, 05/25/34 (b)

    1,795,590        1,723,534   

Countrywide Home Loan Reperforming Loan REMIC Trust
0.945%, 07/25/36 (144A) (b)

    742,953        670,155   

Fannie Mae Connecticut Avenue Securities
1.975%, 01/25/29 (b)

    10,481,030        10,544,759   

2.025%, 02/25/25 (b)

    1,044,232        1,045,588   

First Horizon Alternative Mortgage Securities Trust
0.895%, 02/25/37 (b)

    233,673        113,588   

Freddie Mac Structured Agency Credit Risk Debt Notes
2.175%, 04/25/24 (b)

    7,000,000        7,063,701   

Collateralized Mortgage Obligations—(Continued)

  

Freddie Mac Structured Agency Credit Risk Debt Notes
2.725%, 02/25/24 (b)

    5,000,000      5,134,265   

2.725%, 09/25/24 (b)

    8,000,000        8,248,098   

GMAC Mortgage Corp. Loan Trust
3.292%, 11/19/35 (b)

    674,286        600,364   

Greenpoint Mortgage Funding Trust
0.605%, 02/25/47 (b)

    4,523        4,517   

GSMPS Mortgage Loan Trust
3.480%, 06/25/34 (144A) (b)

    4,005,315        3,767,721   

GSR Mortgage Loan Trust
3.068%, 04/25/35 (b)

    672,527        656,075   

HarborView Mortgage Loan Trust
0.731%, 09/19/46 (b)

    327,786        236,590   

JPMorgan Mortgage Trust
2.612%, 06/25/34 (b)

    177,482        175,292   

MASTR Adjustable Rate Mortgages Trust
0.725%, 05/25/47 (b)

    5,968,407        4,581,574   

2.618%, 02/25/34 (b)

    229,179        221,922   

3.544%, 12/25/34 (b)

    17,483        16,845   

MASTR Reperforming Loan Trust
0.875%, 05/25/35 (144A) (b)

    316,093        246,212   

3.525%, 05/25/35 (144A) (b)

    4,037,891        3,261,932   

4.541%, 05/25/36 (144A) (b)

    3,214,370        2,891,329   

7.000%, 08/25/34 (144A)

    399,554        403,851   

Morgan Stanley Mortgage Loan Trust
0.595%, 06/25/36 (b)

    654,422        275,430   

2.836%, 07/25/35 (b)

    267,412        238,688   

New Residential Mortgage Loan Trust
3.250%, 09/25/56 (144A) (b)

    5,500,000        5,657,193   

NovaStar Mortgage Funding Trust
0.643%, 09/25/46 (b)

    2,124,484        1,725,001   

Provident Funding Mortgage Loan Trust
2.846%, 05/25/35 (b)

    517,791        516,067   

3.018%, 10/25/35 (b)

    94,257        92,112   

RFMSI Trust
4.750%, 12/25/18

    119,895        120,633   

SACO I Trust
8.995%, 06/25/21 (144A) (b)

    1,143,831        1,187,470   

Structured Asset Mortgage Investments Trust
0.705%, 07/25/46 (b)

    255,355        200,943   

Structured Asset Securities Corp.
0.875%, 04/25/35 (144A) (b)

    2,681,464        2,209,625   

3.454%, 06/25/35 (144A) (b)

    159,897        142,748   

Structured Asset Securities Corp. Mortgage Loan Trust
1.325%, 09/25/33 (144A) (b)

    35,453        35,054   

Towd Point Mortgage Trust
2.250%, 08/25/55 (144A) (b)

    11,722,911        11,717,587   

WaMu Mortgage Pass-Through Certificates Trust
0.785%, 11/25/45 (b)

    26,950        25,129   

0.795%, 12/25/45 (b)

    1,858,684        1,743,919   

0.815%, 12/25/45 (b)

    150,130        137,511   

0.844%, 08/25/45 (b)

    170,306        157,705   
   

 

 

 
      118,518,907   
   

 

 

 

 

MSF-290


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—0.3%

  

FDIC Structured Sale Guaranteed Notes
2.980%, 12/06/20 (144A)

    7,471,803      $ 7,557,296   
   

 

 

 

Total Mortgage-Backed Securities (Cost $128,170,838)

      126,076,203   
   

 

 

 
Asset-Backed Securities — 1.6%   

Asset-Backed - Home Equity—0.1%

  

EMC Mortgage Loan Trust
0.974%, 12/25/42 (144A) (b)

    47,147        45,244   

Home Equity Mortgage Loan Asset-Backed Trust
0.785%, 06/25/36 (b)

    4,004,986        815,575   

Morgan Stanley Mortgage Loan Trust
0.615%, 12/25/36 (b)

    232,679        112,725   

0.825%, 03/25/36 (b)

    1,768,333        954,862   

Option One Mortgage Loan Trust
1.105%, 06/25/33 (b)

    128,924        119,278   

Structured Asset Securities Corp. Mortgage Loan Trust
0.745%, 02/25/36 (144A) (b)

    4,779,910        312,843   
   

 

 

 
      2,360,527   
   

 

 

 

Asset-Backed - Other—0.4%

  

Countrywide Home Equity Loan Trust
0.658%, 11/15/36 (b)

    45,479        35,117   

0.814%, 02/15/34 (b)

    102,525        94,887   

Countrywide Revolving Home Equity Loan Trust
0.664%, 07/15/36 (b)

    943,958        821,232   

GSR Mortgage Loan Trust
0.976%, 11/25/30 (b)

    1,066        80   

RAAC Trust
0.794%, 05/25/36 (144A) (b)

    1,237,497        1,184,439   

SACO I Trust
0.785%, 06/25/36 (b)

    664,526        1,147,007   

0.825%, 04/25/36 (b)

    260,517        449,604   

United States Small Business Administration
2.040%, 07/01/36

    5,500,000        5,532,005   
   

 

 

 
      9,264,371   
   

 

 

 

Asset-Backed - Student Loan—1.1%

  

National Credit Union Administration Guaranteed Notes Trust
0.863%, 12/07/20 (b)

    5,168,454        5,156,670   

Nelnet Student Loan Trust
2.475%, 11/25/24 (b)

    5,930,000        5,906,837   

SLM Student Loan Trust
0.755%, 01/25/19 (b)

    5,532,146        5,466,410   

0.755%, 04/25/19 (b)

    2,662,786        2,654,440   

2.365%, 07/25/22 (b)

    5,032,978        5,048,086   
   

 

 

 
      24,232,443   
   

 

 

 

Total Asset-Backed Securities
(Cost $40,404,464)

      35,857,341   
   

 

 

 
Short-Term Investment—0.1%   
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.1%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/16 at 0.030% to be repurchased at $1,468,031 on 10/03/16, collateralized by $1,400,000 U.S. Treasury Note at 2.625% due 11/15/20 with a value of $1,501,500.

    1,468,028      $ 1,468,028   
   

 

 

 

Total Short-Term Investments
(Cost $1,468,028)

      1,468,028   
   

 

 

 
Securities Lending Reinvestments (h)—1.1%   

Repurchase Agreements—1.0%

  

Citigroup Global Markets, Ltd.
Repurchase Agreement dated 09/29/16 at 0.700% to be repurchased at $1,700,132 on 10/03/16, collateralized by $1,606,526 U.S. Treasury and Foreign Obligations with rates ranging from 0.750% - 4.500%, maturity dates ranging from 09/01/17 - 02/15/39, with a value of $1,734,000.

    1,700,000        1,700,000   

Deutsche Bank AG, London
Repurchase Agreement dated 09/28/16 at 0.500% to be repurchased at $4,000,278 on 10/03/16, collateralized by $3,926,893 Corporate and Foreign Obligations with rates ranging from 1.000% - 2.750%, maturity dates ranging from 06/15/17 - 06/10/25, with a value of $4,080,004.

    4,000,000        4,000,000   

Deutsche Bank Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.500% to be repurchased at $4,000,167 on 10/03/16, collateralized by $3,888,769 U.S. Treasury Note at 2.000% due 10/31/21 with a value of $4,080,000.

    4,000,000        4,000,000   

HSBC Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.450% to be repurchased at $700,026 on 10/03/16, collateralized by $552,160 U.S. Treasury Bond at 3.625% due 08/15/43 with a value of $714,010.

    700,000        700,000   

Macquarie Bank, Ltd.
Repurchase Agreement dated 09/28/16 - 09/29/16 at 0.650% to be repurchased at $600,047 on 10/03/16, collateralized by $572,807 U.S. Treasury Obligations with rates ranging from 0.000% - 6.000%, maturity dates ranging from 10/20/16 - 05/15/46, with a value of $612,256.

    600,000        600,000   

 

MSF-291


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2016 (Unaudited)

Securities Lending Reinvestments (h)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreements—(Continued)

  

Merrill Lynch, Pierce, Fenner & Smith, Inc.
Repurchase Agreement dated 09/30/16 at 0.480% to be repurchased at $1,132,353 on 10/03/16, collateralized by $935,497 U.S. Treasury Bonds with rates ranging from 3.000% - 3.625%, maturity dates ranging from 02/15/44 - 11/15/44, with a value of $1,154,955.

    1,132,308      $ 1,132,308   

Natixis New York
Repurchase Agreement dated 09/30/16 at 0.700% to be repurchased at $3,500,204 on 10/03/16, collateralized by $5,598,463 U.S. Government Agency and Treasury Obligations with rates ranging from 0.625% - 6.500%, maturity dates ranging from 05/31/17 - 07/01/46, with a value of $3,570,208.

    3,500,000        3,500,000   

Nomura Securities
Repurchase Agreement dated 09/30/16 at 0.520% to be repurchased at $4,000,173 on 10/03/16, collateralized by $5,647,501 U.S. Government Agency Obligations with rates ranging from 1.645% - 9.500%, maturity dates ranging from 04/01/18 - 09/20/66, with a value of $4,080,000.

    4,000,000        4,000,000   

RBS Securities, Inc.
Repurchase Agreement dated 09/30/16 at 0.460% to be repurchased at $4,000,153 on 10/03/16, collateralized by $3,744,720 U.S. Treasury Obligations with rates ranging from 0.125% - 4.375%, maturity dates ranging from 02/15/17 - 05/15/45, with a value of $4,080,082.

    4,000,000        4,000,000   
   

 

 

 
      23,632,308   
   

 

 

 

Time Deposits—0.1%

  

ANZ London
0.420%, 10/03/16

    55,117        55,117   

Canadian Imperial Bank
0.260%, 10/03/16

    1,000,000        1,000,000   

Den Norske Bank, Oslo
0.400%, 10/03/16

    100,000        100,000   

Time Deposits—(Continued)

  

Royal Bank of Canada
0.280%, 10/03/16

    100,000      100,000   
   

 

 

 
      1,255,117   
   

 

 

 

Total Securities Lending Reinvestments
(Cost $24,887,425)

      24,887,425   
   

 

 

 

Total Investments—108.9%
(Cost $2,433,879,606) (i)

      2,477,095,260   

Other assets and liabilities
(net)—(8.9)%

      (202,686,723
   

 

 

 
Net Assets—100.0%     $ 2,274,408,537   
   

 

 

 

 

* 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 September 30, 2016. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.
(d) Principal only security.
(e) All or a portion of the security was held on loan. As of September 30, 2016, the market value of securities loaned was $24,279,938 and the collateral received consisted of cash in the amount of $24,887,425. The cash collateral investments are disclosed in the Schedule of Investments and categorized as Securities Lending Reinvestments.
(f) Principal amount of security is adjusted for inflation.
(g) Illiquid security. As of September 30, 2016, these securities represent 0.3% of net assets.
(h) Represents investment of cash collateral received from securities on loan as of September 30, 2016.
(i) As of September 30, 2016, the aggregate cost of investments was $2,433,879,606. The aggregate unrealized appreciation and depreciation of investments were $70,961,561 and $(27,745,907), respectively, resulting in net unrealized appreciation of $43,215,654.
(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 September 30, 2016, the market value of 144A securities was $108,284,022, which is 4.8% of net assets.
(ACES)— Alternative Credit Enhancement Securities
(ARM)— Adjustable-Rate Mortgage
(CMO)— Collateralized Mortgage Obligation
(REMIC)— Real Estate Mortgage Investment Conduit

 

Futures Contracts

 

Futures Contracts—Long

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

U.S. Treasury Note 10 Year Futures

     12/20/16         201      $ 26,379,153      $ (23,028

Futures Contracts—Short

                         

U.S. Treasury Long Bond Futures

     12/20/16         (358     (60,682,411     482,473   

U.S. Treasury Note 5 Year Futures

     12/30/16         (113     (13,751,203     19,937   
         

 

 

 

Net Unrealized Appreciation

  

  $ 479,382   
         

 

 

 

 

MSF-292


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 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 September 30, 2016:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $      $ 1,907,971,776      $       $ 1,907,971,776   

Total Corporate Bonds & Notes*

            217,828,924                217,828,924   

Total Foreign Government*

            163,005,563                163,005,563   

Total Mortgage-Backed Securities*

            126,076,203                126,076,203   

Total Asset-Backed Securities*

            35,857,341                35,857,341   

Total Short-Term Investment*

            1,468,028                1,468,028   

Securities Lending Reinvestments

         

Repurchase Agreements

            23,632,308                23,632,308   

Time Deposits

            1,255,117                1,255,117   

Total Securities Lending Reinvestments

            24,887,425                24,887,425   

Total Investments

   $      $ 2,477,095,260      $       $ 2,477,095,260   
                                   

Collateral for Securities Loaned (Liability)

   $      $ (24,887,425   $       $ (24,887,425

Futures Contracts

         

Futures Contracts (Unrealized Appreciation)

   $ 502,410      $      $       $ 502,410   

Futures Contracts (Unrealized Depreciation)

     (23,028                    (23,028

Total Futures Contracts

   $ 479,382      $      $       $ 479,382   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-293


Table of Contents

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; foreign 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., (each as “pricing services”), 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 pricing services may use 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. Short-term obligations with a remaining maturity of sixty days or less may be valued at amortized cost in the absence of market quotes, so long as the amortized cost value of such short-term debt instrument is approximately the same as the fair value of the instrument as determined without the use of amortized cost valuation. Floating rate loans are generally valued on the basis of an evaluated or composite average of aggregate bid and ask quotations supplied by brokers or dealers, as obtained from the 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 generally valued on the basis of evaluated or composite bid quotations obtained from pricing services selected by the Adviser pursuant to authorization of and subject to general oversight by the Board. These securities are usually issued as separate trachnes, or classes, of securities within each deal. 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.

Domestic and foreign equity securities, such as common stock, exchange-traded funds, rights, warrants, and preferred stock, that are traded on a securities exchange on a valuation date are generally valued at their last quoted sale price or official closing price on the primary exchange for such security, 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 bid price. In the event of a major exchange closing during the trading day, the Advisor may use other market information obtained from quotation reporting systems, established market makers, or pricing services in valuing the securities. Valuation adjustments may be applied to certain foreign equity securities that are traded solely on foreign exchanges that close before the time as of which the Portfolio determines the NAV to account for the market movement between the close of the foreign exchanges and the time as of which the Portfolio determines its NAV. The Portfolio may use a systematic fair valuation model provided by pricing service to value securities principally traded in these foreign markets in order to adjust for possible market movements or other changes that may occur between the close of the foreign exchanges and the time as of which the Portfolio determines the NAV. Foreign equity securities valued 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.

Foreign currency forward contracts are valued through an independent pricing service by interpolating between forward and spot currency rates in the London foreign exchange markets as of a designated hour on a valuation day. 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 a valuation day 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 settlement prices established by the exchanges on which they are traded 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 interdealer bid and asked prices 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.

 

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Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements—(Continued)

 

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 a pricing service when the exchange price is not available. For centrally cleared credit default swaps, the clearing facility requires its members to provide actionable price levels across complete term structures. These levels along with external third party prices are used to produce daily settlement prices. These 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 services, including the pricing services 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 method.

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/ Kristi Slavin

  Kristi Slavin
  President, Chief Executive Officer and Chairman of the Boards

Date: November 18, 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/ Kristi Slavin

  Kristi Slavin
  President, Chief Executive Officer and Chairman of the Boards
Date: November 18, 2016
By:  

/s/ Peter H. Duffy

  Peter H. Duffy
  Chief Financial Officer and Treasurer
Date: November 18, 2016