MML Conservative Allocation Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 39.9% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 1,120,084 | $ | 12,220,113 | |||||
MML Equity Income Fund, Initial Class (a) | 1,230,934 | 11,029,167 | ||||||
MML Focused Equity Fund, Class II (a) | 2,476,879 | 15,777,722 | ||||||
MML Foreign Fund, Initial Class (a) | 705,168 | 4,922,075 | ||||||
MML Fundamental Equity Fund, Class II (a) | 1,272,574 | 9,862,449 | ||||||
MML Fundamental Value Fund, Class II (a) | 916,338 | 9,309,990 | ||||||
MML Global Fund, Class I (a) | 2,132,975 | 7,529,403 | ||||||
MML Income & Growth Fund, Initial Class (a) | 977,566 | 9,150,015 | ||||||
MML International Equity Fund, Class II (a) | 1,451,591 | 10,770,807 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 728,362 | 6,722,777 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 815,324 | 6,669,352 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 733,157 | 5,909,243 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 75,576 | 603,884 | ||||||
MML Small Company Value Fund, Class II (a) | 451,143 | 3,036,192 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 192,716 | 1,564,857 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 690,428 | 2,996,457 | ||||||
118,074,503 | ||||||||
Fixed Income Funds — 60.2% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I | 2,193,629 | 8,072,555 | ||||||
MML Dynamic Bond Fund, Class II (a) | 4,362,112 | 35,245,861 | ||||||
MML High Yield Fund, Class II (a) | 255,091 | 2,005,013 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 1,215,232 | 10,402,389 | ||||||
MML Managed Bond Fund, Initial Class (a) | 6,218,373 | 64,800,795 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 1,795,471 | 15,351,279 | ||||||
MML Total Return Bond Fund, Class II (a) | 4,942,728 | 42,556,892 | ||||||
178,434,784 | ||||||||
TOTAL MUTUAL FUNDS (Cost $379,057,116) | 296,509,287 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $379,057,116) | 296,509,287 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $379,057,116) (b) | 296,509,287 | |||||||
Other Assets/(Liabilities) — (0.1)% | (276,079) | |||||||
NET ASSETS — 100.0% | $ | 296,233,208 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML Balanced Allocation Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 48.0% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 1,382,190 | $ | 15,079,688 | |||||
MML Equity Income Fund, Initial Class (a) | 1,633,834 | 14,639,154 | ||||||
MML Focused Equity Fund, Class II (a) | 4,311,149 | 27,462,022 | ||||||
MML Foreign Fund, Initial Class (a) | 946,966 | 6,609,823 | ||||||
MML Fundamental Equity Fund, Class II (a) | 1,701,454 | 13,186,270 | ||||||
MML Fundamental Value Fund, Class II (a) | 1,152,306 | 11,707,431 | ||||||
MML Global Fund, Class I (a) | 3,027,385 | 10,686,671 | ||||||
MML Income & Growth Fund, Initial Class (a) | 1,275,000 | 11,934,000 | ||||||
MML International Equity Fund, Class II (a) | 2,125,855 | 15,773,841 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 1,023,238 | 9,444,485 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 1,025,981 | 8,392,521 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 1,075,209 | 8,666,183 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 118,957 | 950,508 | ||||||
MML Small Company Value Fund, Class II (a) | 542,439 | 3,650,614 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 263,015 | 2,135,685 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 587,045 | 2,547,773 | ||||||
162,866,669 | ||||||||
Fixed Income Funds — 52.1% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I | 2,019,216 | 7,430,715 | ||||||
MML Dynamic Bond Fund, Class II (a) | 4,429,811 | 35,792,873 | ||||||
MML High Yield Fund, Class II (a) | 275,322 | 2,164,028 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 1,105,635 | 9,464,238 | ||||||
MML Managed Bond Fund, Initial Class (a) | 6,011,753 | 62,647,634 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 1,740,502 | 14,881,290 | ||||||
MML Total Return Bond Fund, Class II (a) | 5,165,095 | 44,471,466 | ||||||
176,852,244 | ||||||||
TOTAL MUTUAL FUNDS (Cost $429,239,210) | 339,718,913 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $429,239,210) | 339,718,913 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $429,239,210) (b) | 339,718,913 | |||||||
Other Assets/(Liabilities) — (0.1)% | (314,343) | |||||||
NET ASSETS — 100.0% | $ | 339,404,570 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML Moderate Allocation Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 59.8% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 6,545,053 | $ | 71,406,529 | |||||
MML Equity Income Fund, Initial Class (a) | 7,309,199 | 65,490,419 | ||||||
MML Focused Equity Fund, Class II (a) | 18,355,667 | 116,925,599 | ||||||
MML Foreign Fund, Initial Class (a) | 4,107,859 | 28,672,855 | ||||||
MML Fundamental Equity Fund, Class II (a) | 7,779,216 | 60,288,921 | ||||||
MML Fundamental Value Fund, Class II (a) | 5,520,198 | 56,085,216 | ||||||
MML Global Fund, Class I (a) | 10,507,122 | 37,090,139 | ||||||
MML Income & Growth Fund, Initial Class (a) | 5,810,746 | 54,388,579 | ||||||
MML International Equity Fund, Class II (a) | 10,062,945 | 74,667,055 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 4,398,087 | 40,594,343 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 4,496,434 | 36,780,832 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 4,686,139 | 37,770,278 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 829,293 | 6,626,360 | ||||||
MML Small Company Value Fund, Class II (a) | 2,734,742 | 18,404,812 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 1,303,105 | 10,581,214 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 3,399,911 | 14,755,613 | ||||||
730,528,764 | ||||||||
Fixed Income Funds — 40.3% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I | 3,768,468 | 13,867,961 | ||||||
MML Dynamic Bond Fund, Class II (a) | 12,439,515 | 100,511,285 | ||||||
MML High Yield Fund, Class II (a) | 1,052,680 | 8,274,065 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 3,408,440 | 29,176,250 | ||||||
MML Managed Bond Fund, Initial Class (a) | 17,387,595 | 181,193,689 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 5,391,589 | 46,098,086 | ||||||
MML Total Return Bond Fund, Class II (a) | 13,187,522 | 113,544,563 | ||||||
492,665,899 | ||||||||
TOTAL MUTUAL FUNDS (Cost $1,575,456,041) | 1,223,194,663 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $1,575,456,041) | 1,223,194,663 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $1,575,456,041) (b) | 1,223,194,663 | |||||||
Other Assets/(Liabilities) — (0.1)% | (1,069,543) | |||||||
NET ASSETS — 100.0% | $ | 1,222,125,120 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML Growth Allocation Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 74.5% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 5,786,358 | $ | 63,129,171 | |||||
MML Equity Income Fund, Initial Class (a) | 6,364,720 | 57,027,889 | ||||||
MML Focused Equity Fund, Class II (a) | 14,497,085 | 92,346,433 | ||||||
MML Foreign Fund, Initial Class (a) | 3,578,878 | 24,980,571 | ||||||
MML Fundamental Equity Fund, Class II (a) | 7,085,548 | 54,912,997 | ||||||
MML Fundamental Value Fund, Class II (a) | 4,778,339 | 48,547,921 | ||||||
MML Global Fund, Class I (a) | 9,929,328 | 35,050,526 | ||||||
MML Income & Growth Fund, Initial Class (a) | 5,161,548 | 48,312,086 | ||||||
MML International Equity Fund, Class II (a) | 8,779,748 | 65,145,733 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 4,431,674 | 40,904,352 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 3,987,672 | 32,619,157 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 4,018,894 | 32,392,282 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 986,020 | 7,878,674 | ||||||
MML Small Company Value Fund, Class II (a) | 2,871,258 | 19,323,567 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 1,053,297 | 8,552,776 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 2,877,086 | 12,486,555 | ||||||
643,610,690 | ||||||||
Fixed Income Funds — 25.6% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I | 2,767,937 | 10,186,007 | ||||||
MML Dynamic Bond Fund, Class II (a) | 5,866,941 | 47,404,886 | ||||||
MML High Yield Fund, Class II (a) | 462,948 | 3,638,768 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 1,562,138 | 13,371,900 | ||||||
MML Managed Bond Fund, Initial Class (a) | 6,765,845 | 70,505,925 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 2,668,817 | 22,818,383 | ||||||
MML Total Return Bond Fund, Class II (a) | 6,218,568 | 53,541,868 | ||||||
221,467,737 | ||||||||
TOTAL MUTUAL FUNDS (Cost $1,132,055,279) | 865,078,427 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $1,132,055,279) | 865,078,427 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $1,132,055,279) (b) | 865,078,427 | |||||||
Other Assets/(Liabilities) — (0.1)% | (661,422) | |||||||
NET ASSETS — 100.0% | $ | 864,417,005 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML Aggressive Allocation Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 89.2% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 998,220 | $ | 10,890,580 | |||||
MML Equity Income Fund, Initial Class (a) | 1,014,380 | 9,088,843 | ||||||
MML Focused Equity Fund, Class II (a) | 2,623,287 | 16,710,337 | ||||||
MML Foreign Fund, Initial Class (a) | 567,968 | 3,964,414 | ||||||
MML Fundamental Equity Fund, Class II (a) | 1,117,004 | 8,656,783 | ||||||
MML Fundamental Value Fund, Class II (a) | 797,724 | 8,104,880 | ||||||
MML Global Fund, Class I (a) | 538,967 | 1,902,552 | ||||||
MML Income & Growth Fund, Initial Class (a) | 852,662 | 7,980,913 | ||||||
MML International Equity Fund, Class II (a) | 1,380,051 | 10,239,979 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 795,994 | 7,347,020 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 830,400 | 6,792,675 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 675,540 | 5,444,853 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 193,856 | 1,548,986 | ||||||
MML Small Company Value Fund, Class II (a) | 451,632 | 3,039,484 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 165,245 | 1,341,792 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 421,065 | 1,827,422 | ||||||
104,881,513 | ||||||||
Fixed Income Funds — 10.9% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I | 260,435 | 958,402 | ||||||
MML Dynamic Bond Fund, Class II (a) | 297,343 | 2,402,529 | ||||||
MML High Yield Fund, Class II (a) | 67,010 | 526,698 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 31,197 | 267,045 | ||||||
MML Managed Bond Fund, Initial Class (a) | 421,701 | 4,394,491 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 252,821 | 2,161,621 | ||||||
MML Total Return Bond Fund, Class II (a) | 246,012 | 2,118,162 | ||||||
12,828,948 | ||||||||
TOTAL MUTUAL FUNDS (Cost $157,836,112) | 117,710,461 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $157,836,112) | 117,710,461 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $157,836,112) (b) | 117,710,461 | |||||||
Other Assets/(Liabilities) — (0.1)% | (119,157) | |||||||
NET ASSETS — 100.0% | $ | 117,591,304 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML American Funds Growth Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 100.1% | ||||||||
American Funds Insurance Series Growth Fund, Class 1 | 2,614,198 | $ | 195,411,277 | |||||
195,411,277 | ||||||||
TOTAL MUTUAL FUNDS (Cost $218,974,863) | 195,411,277 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $218,974,863) (a) | 195,411,277 | |||||||
Other Assets/(Liabilities) — (0.1)% | (258,529) | |||||||
NET ASSETS — 100.0% | $ | 195,152,748 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | See Note 3 for aggregate cost for federal tax purposes. |
MML American Funds International Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.2% | ||||||||
Equity Funds — 100.2% | ||||||||
American Funds Insurance Series® International Fund, Class 1 | 2,765,250 | $ | 38,188,106 | |||||
TOTAL MUTUAL FUNDS (Cost $52,188,237) | 38,188,106 | |||||||
TOTAL INVESTMENTS — 100.2% (Cost $52,188,237) (a) | 38,188,106 | |||||||
Other Assets/(Liabilities) — (0.2)% | (84,794) | |||||||
NET ASSETS — 100.0% | $ | 38,103,312 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | See Note 3 for aggregate cost for federal tax purposes. |
MML American Funds Core Allocation Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 63.4% | ||||||||
American Funds Insurance Series® Growth-Income Fund, Class 1 | 3,785,558 | $ | 174,287,110 | |||||
American Funds Insurance Series® International Fund, Class 1 | 5,658,757 | 78,147,441 | ||||||
American Funds Insurance Series® Washington Mutual Investors Fund, Class 1 | 15,381,106 | 177,190,343 | ||||||
429,624,894 | ||||||||
Fixed Income Funds — 36.7% | ||||||||
American Funds Insurance Series® The Bond Fund Of America, Class 1 | 26,213,027 | 248,237,368 | ||||||
TOTAL MUTUAL FUNDS (Cost $781,353,888) | 677,862,262 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $781,353,888) | 677,862,262 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $781,353,888) (a) | 677,862,262 | |||||||
Other Assets/(Liabilities) — (0.1)% | (797,953) | |||||||
NET ASSETS — 100.0% | $ | 677,064,309 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | See Note 3 for aggregate cost for federal tax purposes. |
MML Blue Chip Growth Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.8% | ||||||||
COMMON STOCK — 99.6% | ||||||||
Basic Materials — 0.8% | ||||||||
Chemicals — 0.8% | ||||||||
Linde PLC | 6,607 | $ | 1,781,181 | |||||
The Sherwin-Williams Co. | 6,837 | 1,399,876 | ||||||
3,181,057 | ||||||||
3,181,057 | ||||||||
Communications — 28.0% | ||||||||
Internet — 27.2% | ||||||||
Alphabet, Inc. Class A (a) | 65,706 | 6,284,779 | ||||||
Alphabet, Inc. Class C (a) | 349,791 | 33,632,405 | ||||||
Amazon.com, Inc. (a) | 356,442 | 40,277,946 | ||||||
Booking Holdings, Inc. (a) | 1,225 | 2,012,932 | ||||||
DoorDash, Inc., Class A (a) | 14,866 | 735,124 | ||||||
Meta Platforms, Inc. Class A (a) | 78,501 | 10,651,016 | ||||||
Netflix, Inc. (a) | 12,016 | 2,829,047 | ||||||
Opendoor Technologies, Inc. (a) | 95,590 | 297,285 | ||||||
Sea Ltd. ADR (a) | 45,731 | 2,563,222 | ||||||
Shopify, Inc. Class A (a) | 44,848 | 1,208,205 | ||||||
Spotify Technology SA (a) | 5,731 | 494,585 | ||||||
Tencent Holdings Ltd. | 36,800 | 1,242,809 | ||||||
102,229,355 | ||||||||
Media — 0.3% | ||||||||
The Walt Disney Co. (a) | 13,499 | 1,273,361 | ||||||
Telecommunications — 0.5% | ||||||||
T-Mobile US, Inc. (a) | 13,447 | 1,804,184 | ||||||
105,306,900 | ||||||||
Consumer, Cyclical — 10.1% | ||||||||
Apparel — 0.7% | ||||||||
NIKE, Inc. Class B | 29,088 | 2,417,794 | ||||||
Auto Manufacturers — 5.4% | ||||||||
Tesla, Inc. (a) | 76,905 | 20,399,051 | ||||||
Retail — 4.0% | ||||||||
Carvana Co. (a) | 34,496 | 700,269 | ||||||
Chipotle Mexican Grill, Inc. (a) | 2,543 | 3,821,519 | ||||||
Dollar General Corp. | 17,047 | 4,088,893 | ||||||
Lululemon Athletica, Inc. (a) | 8,644 | 2,416,517 | ||||||
Ross Stores, Inc. | 38,363 | 3,232,850 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
The TJX Cos., Inc. | 14,217 | $ | 883,160 | |||||
15,143,208 | ||||||||
37,960,053 | ||||||||
Consumer, Non-cyclical — 15.3% | ||||||||
Commercial Services — 1.9% | ||||||||
Adyen NV ADR (a) | 39,903 | 499,585 | ||||||
Affirm Holdings, Inc. (a) (b) | 18,873 | 354,057 | ||||||
Ant International Co. Ltd., Class C (Acquired 6/07/18, Cost $775,038) (c) (d) (e) | 203,348 | 400,596 | ||||||
Block, Inc. (a) | 21,051 | 1,157,594 | ||||||
Cintas Corp. | 1,630 | 632,750 | ||||||
PayPal Holdings, Inc. (a) | 12,909 | 1,111,078 | ||||||
S&P Global, Inc. | 7,654 | 2,337,149 | ||||||
TransUnion | 8,689 | 516,909 | ||||||
7,009,718 | ||||||||
Health Care – Products — 4.7% | ||||||||
Align Technology, Inc. (a) | 2,301 | 476,560 | ||||||
Danaher Corp. | 21,141 | 5,460,509 | ||||||
Intuitive Surgical, Inc. (a) | 27,320 | 5,120,861 | ||||||
Stryker Corp. | 15,722 | 3,184,334 | ||||||
Teleflex, Inc. | 3,456 | 696,246 | ||||||
Thermo Fisher Scientific, Inc. | 5,749 | 2,915,835 | ||||||
17,854,345 | ||||||||
Health Care – Services — 5.5% | ||||||||
Humana, Inc. | 7,413 | 3,596,713 | ||||||
UnitedHealth Group, Inc. | 33,999 | 17,170,855 | ||||||
20,767,568 | ||||||||
Pharmaceuticals — 3.2% | ||||||||
AstraZeneca PLC Sponsored ADR | 21,926 | 1,202,422 | ||||||
Eli Lilly & Co. | 25,667 | 8,299,425 | ||||||
Zoetis, Inc. | 15,980 | 2,369,674 | ||||||
11,871,521 | ||||||||
57,503,152 | ||||||||
Financial — 8.1% | ||||||||
Banks — 1.1% | ||||||||
The Goldman Sachs Group, Inc. | 14,767 | 4,327,469 | ||||||
Diversified Financial Services — 6.1% | ||||||||
The Charles Schwab Corp. | 37,430 | 2,690,094 | ||||||
Mastercard, Inc. Class A | 30,473 | 8,664,693 | ||||||
Visa, Inc. Class A | 64,930 | 11,534,815 | ||||||
22,889,602 | ||||||||
Insurance — 0.9% | ||||||||
Chubb Ltd. | 8,565 | 1,557,802 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Marsh & McLennan Cos., Inc. | 11,710 | $ | 1,748,186 | |||||
3,305,988 | ||||||||
30,523,059 | ||||||||
Industrial — 0.5% | ||||||||
Electronics — 0.2% | ||||||||
TE Connectivity Ltd. | 6,733 | 743,054 | ||||||
Miscellaneous - Manufacturing — 0.3% | ||||||||
General Electric Co. | 17,208 | 1,065,347 | ||||||
1,808,401 | ||||||||
Technology — 36.8% | ||||||||
Computers — 10.2% | ||||||||
Apple, Inc. | 265,434 | 36,682,979 | ||||||
Crowdstrike Holdings, Inc. Class A (a) | 4,872 | 802,955 | ||||||
Fortinet, Inc. (a) | 17,233 | 846,657 | ||||||
38,332,591 | ||||||||
Semiconductors — 5.5% | ||||||||
Advanced Micro Devices, Inc. (a) | 49,050 | 3,107,808 | ||||||
ASML Holding NV | 7,713 | 3,203,595 | ||||||
Marvell Technology, Inc. | 33,509 | 1,437,871 | ||||||
Monolithic Power Systems, Inc. | 4,685 | 1,702,529 | ||||||
NVIDIA Corp. | 66,962 | 8,128,517 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 16,223 | 1,112,249 | ||||||
Texas Instruments, Inc. | 13,743 | 2,127,141 | ||||||
20,819,710 | ||||||||
Software — 21.1% | ||||||||
Atlassian Corp. PLC Class A (a) | 11,334 | 2,386,827 | ||||||
Bill.com Holdings, Inc. (a) | 15,240 | 2,017,319 | ||||||
Canva, Inc. (Acquired 8/16/21, Cost $582,930) (c) (d) (e) | 342 | 326,593 | ||||||
Confluent, Inc. Class A (a) | 18,846 | 447,969 | ||||||
Datadog, Inc. Class A (a) | 8,854 | 786,058 | ||||||
Gusto, Inc. (Acquired 10/04/21, Cost $193,055) (c) (d) (e) | 6,706 | 126,274 | ||||||
HashiCorp, Inc. Class A (a) | 4,850 | 156,122 | ||||||
Intuit, Inc. | 16,384 | 6,345,851 | ||||||
Microsoft Corp. | 200,432 | 46,680,613 | ||||||
MongoDB, Inc. (a) | 8,401 | 1,668,103 | ||||||
MSCI, Inc. | 1,430 | 603,160 | ||||||
Paycom Software, Inc. (a) | 1,360 | 448,786 | ||||||
Roper Technologies, Inc. | 5,858 | 2,106,771 | ||||||
ServiceNow, Inc. (a) | 21,371 | 8,069,903 | ||||||
Snowflake, Inc. Class A (a) | 5,596 | 951,096 | ||||||
Synopsys, Inc. (a) | 16,776 | 5,125,236 | ||||||
Veeva Systems, Inc. Class A (a) | 6,323 | 1,042,536 | ||||||
79,289,217 | ||||||||
138,441,518 | ||||||||
TOTAL COMMON STOCK (Cost $344,573,106) | 374,724,140 | |||||||
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
PREFERRED STOCK — 0.2% | ||||||||
Technology — 0.2% | ||||||||
Software — 0.2% | ||||||||
Canva, Inc., Series A (Acquired 11/04/21 - 12/17/21, Cost $37,502) (c) (d) (e) | 22 | $ | 21,009 | |||||
Canva, Inc., Series A-3 (Acquired 12/17/21, Cost $3,408) (c) (d) (e) | 2 | 1,910 | ||||||
Databricks, Inc., Series G (Acquired 2/01/21, Cost $172,224) (c) (d) (e) | 2,913 | 161,069 | ||||||
Databricks, Inc., Series H (Acquired 8/31/21, Cost $542,974) (c) (d) (e) | 7,389 | 408,562 | ||||||
Gusto, Inc., Series E (Acquired 7/13/21, Cost $254,865) (c) (d) (e) | 8,385 | 157,890 | ||||||
750,440 | ||||||||
TOTAL PREFERRED STOCK (Cost $1,010,973) | 750,440 | |||||||
TOTAL EQUITIES (Cost $345,584,079) | 375,474,580 | |||||||
Principal Amount | ||||||||
BONDS & NOTES — 0.2% | ||||||||
CORPORATE DEBT — 0.2% | ||||||||
Retail — 0.2% | ||||||||
Carvana Co. (b) (f) | $ | 1,040,000 | 694,200 | |||||
TOTAL CORPORATE DEBT (Cost $1,040,000) | 694,200 | |||||||
TOTAL BONDS & NOTES (Cost $1,040,000) | 694,200 | |||||||
Number of Shares | ||||||||
MUTUAL FUNDS — 0.2% | ||||||||
Diversified Financial Services — 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (g) | 746,025 | 746,025 | ||||||
TOTAL MUTUAL FUNDS (Cost $746,025) | 746,025 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $347,370,104) | 376,914,805 | |||||||
SHORT-TERM INVESTMENTS — 0.1% | ||||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Government Reserve Investment Fund | 101 | 101 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Repurchase Agreement — 0.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (h) | $ | 653,944 | $ | 653,944 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $654,045) | 654,045 | |||||||
TOTAL INVESTMENTS — 100.3% (Cost $348,024,149) (i) | 377,568,850 | |||||||
Other Assets/(Liabilities) — (0.3)% | (1,294,162) | |||||||
NET ASSETS — 100.0% | $ | 376,274,688 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $1,086,921 or 0.29% of net assets. The Fund received $363,504 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Investment is valued using significant unobservable inputs. |
(d) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2022, these securities amounted to a value of $1,603,903 or 0.43% of net assets. |
(e) | Restricted security. Certain securities are restricted as to resale. At September 30, 2022, these securities amounted to a value of $1,603,903 or 0.43% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities. |
(f) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2022, the aggregate market value of these securities amounted to $694,200 or 0.18% of net assets. |
(g) | Represents investment of security lending cash collateral. (Note 2). |
(h) | Maturity value of $653,990. Collateralized by U.S. Government Agency obligations with a rate of 3.500%, maturity date of 9/15/25, and an aggregate market value, including accrued interest, of $667,074. |
(i) | See Note 3 for aggregate cost for federal tax purposes. |
MML Equity Income Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.4% | ||||||||
COMMON STOCK — 97.1% | ||||||||
Basic Materials — 4.9% | ||||||||
Chemicals — 3.5% | ||||||||
Akzo Nobel NV | 9,416 | $ | 531,026 | |||||
CF Industries Holdings, Inc. | 84,624 | 8,145,060 | ||||||
DuPont de Nemours, Inc. | 3,976 | 200,390 | ||||||
International Flavors & Fragrances, Inc. | 24,963 | 2,267,389 | ||||||
RPM International, Inc. | 12,266 | 1,021,881 | ||||||
12,165,746 | ||||||||
Forest Products & Paper — 1.4% | ||||||||
International Paper Co. | 158,167 | 5,013,894 | ||||||
17,179,640 | ||||||||
Communications — 5.4% | ||||||||
Internet — 0.6% | ||||||||
Meta Platforms, Inc. Class A (a) | 15,900 | 2,157,312 | ||||||
Media — 4.0% | ||||||||
Comcast Corp. Class A | 124,191 | 3,642,522 | ||||||
Fox Corp. Class B | 22,177 | 632,044 | ||||||
News Corp. Class A | 325,369 | 4,916,326 | ||||||
Paramount Global Class B (b) | 16,200 | 308,448 | ||||||
The Walt Disney Co. (a) | 46,069 | 4,345,689 | ||||||
Warner Bros Discovery, Inc. (a) | 18,076 | 207,874 | ||||||
14,052,903 | ||||||||
Telecommunications — 0.8% | ||||||||
AT&T, Inc. | 49,055 | 752,503 | ||||||
Cisco Systems, Inc. | 35,168 | 1,406,720 | ||||||
Verizon Communications, Inc. | 13,574 | 515,405 | ||||||
2,674,628 | ||||||||
18,884,843 | ||||||||
Consumer, Cyclical — 6.4% | ||||||||
Airlines — 0.3% | ||||||||
Southwest Airlines Co. (a) | 37,504 | 1,156,623 | ||||||
Auto Manufacturers — 2.0% | ||||||||
Cummins, Inc. | 3,800 | 773,338 | ||||||
PACCAR, Inc. | 13,590 | 1,137,347 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Volkswagen AG ADR | 436,073 | $ | 5,311,369 | |||||
7,222,054 | ||||||||
Lodging — 0.9% | ||||||||
Las Vegas Sands Corp. (a) | 80,040 | 3,003,101 | ||||||
Retail — 2.5% | ||||||||
Best Buy Co., Inc. | 17,900 | 1,133,786 | ||||||
Kohl's Corp. | 58,011 | 1,458,977 | ||||||
The TJX Cos., Inc. | 47,594 | 2,956,539 | ||||||
Walmart, Inc. | 24,808 | 3,217,598 | ||||||
8,766,900 | ||||||||
Toys, Games & Hobbies — 0.7% | ||||||||
Mattel, Inc. (a) | 131,177 | 2,484,492 | ||||||
22,633,170 | ||||||||
Consumer, Non-cyclical — 23.4% | ||||||||
Agriculture — 1.5% | ||||||||
Philip Morris International, Inc. | 64,779 | 5,377,305 | ||||||
Beverages — 0.2% | ||||||||
The Coca-Cola Co. | 7,421 | 415,724 | ||||||
Constellation Brands, Inc. Class A | 900 | 206,712 | ||||||
622,436 | ||||||||
Biotechnology — 0.3% | ||||||||
Biogen, Inc. (a) | 4,200 | 1,121,400 | ||||||
Food — 2.7% | ||||||||
Conagra Brands, Inc. | 175,384 | 5,722,780 | ||||||
Mondelez International, Inc. Class A | 8,600 | 471,538 | ||||||
Tyson Foods, Inc. Class A | 53,081 | 3,499,630 | ||||||
9,693,948 | ||||||||
Health Care – Products — 2.1% | ||||||||
Medtronic PLC | 48,683 | 3,931,153 | ||||||
Zimmer Biomet Holdings, Inc. | 32,364 | 3,383,656 | ||||||
7,314,809 | ||||||||
Health Care – Services — 3.0% | ||||||||
Centene Corp. (a) | 30,649 | 2,384,799 | ||||||
Elevance Health, Inc. | 17,796 | 8,083,655 | ||||||
10,468,454 | ||||||||
Household Products & Wares — 1.5% | ||||||||
Kimberly-Clark Corp. | 46,282 | 5,208,576 | ||||||
Pharmaceuticals — 12.1% | ||||||||
AbbVie, Inc. | 47,547 | 6,381,283 | ||||||
AstraZeneca PLC Sponsored ADR | 34,313 | 1,881,725 | ||||||
Becton Dickinson and Co. | 24,782 | 5,522,173 | ||||||
Cardinal Health, Inc. | 33,637 | 2,242,915 | ||||||
Cigna Corp. | 14,266 | 3,958,387 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
CVS Health Corp. | 54,966 | $ | 5,242,108 | |||||
GSK PLC | 5,073 | 73,995 | ||||||
Johnson & Johnson | 38,214 | 6,242,639 | ||||||
Merck & Co., Inc. | 34,169 | 2,942,634 | ||||||
Pfizer, Inc. | 103,265 | 4,518,876 | ||||||
Sanofi | 25,813 | 1,970,055 | ||||||
Sanofi ADR | 28,286 | 1,075,434 | ||||||
Viatris, Inc. | 71,200 | 606,624 | ||||||
42,658,848 | ||||||||
82,465,776 | ||||||||
Energy — 7.9% | ||||||||
Oil & Gas — 6.2% | ||||||||
Chevron Corp. | 5,386 | 773,807 | ||||||
EOG Resources, Inc. | 37,161 | 4,151,998 | ||||||
Exxon Mobil Corp. | 55,026 | 4,804,320 | ||||||
Hess Corp. | 23,800 | 2,593,962 | ||||||
TotalEnergies SE (b) | 153,711 | 7,235,164 | ||||||
TotalEnergies SE Sponsored ADR | 45,765 | 2,128,988 | ||||||
21,688,239 | ||||||||
Pipelines — 1.7% | ||||||||
Enbridge, Inc. | 24,800 | 920,080 | ||||||
Targa Resources Corp. | 3,026 | 182,589 | ||||||
TC Energy Corp. | 116,920 | 4,710,707 | ||||||
The Williams Cos., Inc. | 8,400 | 240,492 | ||||||
6,053,868 | ||||||||
27,742,107 | ||||||||
Financial — 25.0% | ||||||||
Banks — 10.9% | ||||||||
Bank of America Corp. | 53,961 | 1,629,622 | ||||||
Citigroup, Inc. | 44,440 | 1,851,815 | ||||||
Fifth Third Bancorp | 112,137 | 3,583,898 | ||||||
The Goldman Sachs Group, Inc. | 17,069 | 5,002,070 | ||||||
Huntington Bancshares, Inc. | 362,020 | 4,771,424 | ||||||
JP Morgan Chase & Co. | 20,997 | 2,194,186 | ||||||
Morgan Stanley | 34,811 | 2,750,417 | ||||||
The PNC Financial Services Group, Inc. | 7,330 | 1,095,249 | ||||||
State Street Corp. | 62,233 | 3,784,389 | ||||||
Wells Fargo & Co. | 291,440 | 11,721,717 | ||||||
38,384,787 | ||||||||
Diversified Financial Services — 0.9% | ||||||||
Apollo Global Management, Inc. | 12,400 | 576,600 | ||||||
The Charles Schwab Corp. | 26,655 | 1,915,695 | ||||||
Franklin Resources, Inc. | 13,702 | 294,867 | ||||||
Raymond James Financial, Inc. | 2,937 | 290,234 | ||||||
3,077,396 | ||||||||
Insurance — 8.9% | ||||||||
American International Group, Inc. | 161,597 | 7,672,626 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Chubb Ltd. | 36,779 | $ | 6,689,364 | |||||
Equitable Holdings, Inc. | 215,830 | 5,687,120 | ||||||
The Hartford Financial Services Group, Inc. | 42,369 | 2,624,336 | ||||||
Loews Corp. | 68,026 | 3,390,416 | ||||||
Marsh & McLennan Cos., Inc. | 1,307 | 195,122 | ||||||
MetLife, Inc. | 83,834 | 5,095,431 | ||||||
31,354,415 | ||||||||
Real Estate Investment Trusts (REITS) — 4.3% | ||||||||
Equity Residential | 85,608 | 5,754,570 | ||||||
Rayonier, Inc. | 94,964 | 2,846,071 | ||||||
Simon Property Group, Inc. | 2,000 | 179,500 | ||||||
Vornado Realty Trust | 13,024 | 301,636 | ||||||
Welltower, Inc. | 10,001 | 643,264 | ||||||
Weyerhaeuser Co. | 188,343 | 5,379,076 | ||||||
15,104,117 | ||||||||
87,920,715 | ||||||||
Industrial — 9.3% | ||||||||
Aerospace & Defense — 2.4% | ||||||||
The Boeing Co. (a) | 19,747 | 2,390,967 | ||||||
L3 Harris Technologies, Inc. | 28,741 | 5,973,242 | ||||||
8,364,209 | ||||||||
Electronics — 0.3% | ||||||||
TE Connectivity Ltd. | 9,177 | 1,012,774 | ||||||
Environmental Controls — 0.6% | ||||||||
Stericycle, Inc. (a) | 50,270 | 2,116,870 | ||||||
Hand & Machine Tools — 0.4% | ||||||||
Stanley Black & Decker, Inc. | 22,000 | 1,654,620 | ||||||
Machinery – Diversified — 0.1% | ||||||||
Flowserve Corp. | 12,573 | 305,524 | ||||||
Miscellaneous - Manufacturing — 3.4% | ||||||||
3M Co. | 5,087 | 562,113 | ||||||
General Electric Co. | 136,732 | 8,465,078 | ||||||
Siemens AG Sponsored ADR | 58,204 | 2,849,086 | ||||||
11,876,277 | ||||||||
Transportation — 2.1% | ||||||||
United Parcel Service, Inc. Class B | 45,708 | 7,383,670 | ||||||
32,713,944 | ||||||||
Technology — 6.4% | ||||||||
Computers — 0.1% | ||||||||
Accenture PLC Class A | 1,400 | 360,220 | ||||||
Semiconductors — 4.2% | ||||||||
Applied Materials, Inc. | 29,517 | 2,418,328 | ||||||
NXP Semiconductor NV | 4,104 | 605,381 | ||||||
QUALCOMM, Inc. | 70,315 | 7,944,188 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Texas Instruments, Inc. | 23,915 | $ | 3,701,564 | |||||
14,669,461 | ||||||||
Software — 2.1% | ||||||||
Fiserv, Inc. (a) | 29,794 | 2,787,825 | ||||||
Microsoft Corp. | 20,230 | 4,711,567 | ||||||
7,499,392 | ||||||||
22,529,073 | ||||||||
Utilities — 8.4% | ||||||||
Electric — 7.7% | ||||||||
Ameren Corp. | 29,836 | 2,403,290 | ||||||
Dominion Energy, Inc. | 58,350 | 4,032,568 | ||||||
NextEra Energy, Inc. | 13,711 | 1,075,080 | ||||||
PG&E Corp. (a) | 21,700 | 271,250 | ||||||
Sempra Energy | 51,561 | 7,731,056 | ||||||
The Southern Co. | 165,466 | 11,251,688 | ||||||
Xcel Energy, Inc. | 5,600 | 358,400 | ||||||
27,123,332 | ||||||||
Gas — 0.7% | ||||||||
NiSource, Inc. | 104,919 | 2,642,910 | ||||||
29,766,242 | ||||||||
TOTAL COMMON STOCK (Cost $307,326,411) | 341,835,510 | |||||||
PREFERRED STOCK — 1.3% | ||||||||
Consumer, Non-cyclical — 0.4% | ||||||||
Pharmaceuticals — 0.4% | ||||||||
Becton Dickinson and Co. Convertible 6.000% | 29,674 | 1,398,833 | ||||||
Utilities — 0.9% | ||||||||
Electric — 0.6% | ||||||||
NextEra Energy, Inc. Convertible 5.279% | 26,869 | 1,337,539 | ||||||
NextEra Energy, Inc. Convertible 6.926% | 15,955 | 733,930 | ||||||
2,071,469 | ||||||||
Gas — 0.3% | ||||||||
NiSource, Inc. 7.750% | 11,665 | 1,173,382 | ||||||
3,244,851 | ||||||||
TOTAL PREFERRED STOCK (Cost $4,748,666) | 4,643,684 | |||||||
TOTAL EQUITIES (Cost $312,075,077) | 346,479,194 | |||||||
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
MUTUAL FUNDS — 2.1% | ||||||||
Diversified Financial Services — 2.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 7,494,141 | $ | 7,494,141 | |||||
7,494,141 | ||||||||
TOTAL MUTUAL FUNDS (Cost $7,494,141) | 7,494,141 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $319,569,218) | 353,973,335 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.1% | ||||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Government Reserve Investment Fund | $ | 1,083 | 1,083 | |||||
Repurchase Agreement — 1.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (d) | 3,710,635 | 3,710,635 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,711,718) | 3,711,718 | |||||||
TOTAL INVESTMENTS — 101.6% (Cost $323,280,936) (e) | 357,685,053 | |||||||
Other Assets/(Liabilities) — (1.6)% | (5,775,621) | |||||||
NET ASSETS — 100.0% | $ | 351,909,432 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $7,438,069 or 2.11% of net assets. The Fund received $310,958 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $3,710,892. Collateralized by U.S. Government Agency obligations with a rate of 3.500%, maturity date of 9/15/25, and an aggregate market value, including accrued interest, of $3,784,925. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Equity Index Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.6% | ||||||||
COMMON STOCK — 99.6% | ||||||||
Basic Materials — 2.0% | ||||||||
Chemicals — 1.6% | ||||||||
Air Products & Chemicals, Inc. | 3,869 | $ | 900,432 | |||||
Albemarle Corp. | 2,044 | 540,515 | ||||||
Celanese Corp. | 1,722 | 155,565 | ||||||
CF Industries Holdings, Inc. | 3,462 | 333,218 | ||||||
Dow, Inc. | 12,502 | 549,213 | ||||||
DuPont de Nemours, Inc. | 8,713 | 439,135 | ||||||
Eastman Chemical Co. | 2,121 | 150,697 | ||||||
Ecolab, Inc. | 4,329 | 625,194 | ||||||
FMC Corp. | 2,215 | 234,126 | ||||||
International Flavors & Fragrances, Inc. | 4,434 | 402,740 | ||||||
Linde PLC | 8,704 | 2,346,511 | ||||||
LyondellBasell Industries NV Class A | 4,421 | 332,813 | ||||||
The Mosaic Co. | 5,994 | 289,690 | ||||||
PPG Industries, Inc. | 4,088 | 452,501 | ||||||
The Sherwin-Williams Co. | 4,122 | 843,980 | ||||||
8,596,330 | ||||||||
Forest Products & Paper — 0.0% | ||||||||
International Paper Co. | 6,270 | 198,759 | ||||||
Iron & Steel — 0.1% | ||||||||
Nucor Corp. | 4,555 | 487,340 | ||||||
Mining — 0.3% | ||||||||
Freeport-McMoRan, Inc. | 24,910 | 680,790 | ||||||
Newmont Corp. | 13,898 | 584,133 | ||||||
1,264,923 | ||||||||
10,547,352 | ||||||||
Communications — 12.5% | ||||||||
Advertising — 0.1% | ||||||||
The Interpublic Group of Cos., Inc. | 6,892 | 176,435 | ||||||
Omnicom Group, Inc. | 3,603 | 227,314 | ||||||
403,749 | ||||||||
Internet — 9.0% | ||||||||
Alphabet, Inc. Class A (a) | 104,712 | 10,015,703 | ||||||
Alphabet, Inc. Class C (a) | 93,638 | 9,003,294 | ||||||
Amazon.com, Inc. (a) | 154,751 | 17,486,863 | ||||||
Booking Holdings, Inc. (a) | 694 | 1,140,388 | ||||||
CDW Corp. | 2,372 | 370,222 | ||||||
eBay, Inc. | 9,636 | 354,701 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Etsy, Inc. (a) | 2,227 | $ | 222,989 | |||||
Expedia Group, Inc. (a) | 2,672 | 250,340 | ||||||
F5, Inc. (a) | 1,051 | 152,111 | ||||||
Match Group, Inc. (a) | 4,955 | 236,601 | ||||||
Meta Platforms, Inc. Class A (a) | 39,815 | 5,402,099 | ||||||
Netflix, Inc. (a) | 7,772 | 1,829,840 | ||||||
NortonLifeLock, Inc. | 10,419 | 209,839 | ||||||
Twitter, Inc. (a) | 11,779 | 516,391 | ||||||
VeriSign, Inc. (a) | 1,639 | 284,694 | ||||||
47,476,075 | ||||||||
Media — 1.4% | ||||||||
Charter Communications, Inc. Class A (a) | 1,930 | 585,466 | ||||||
Comcast Corp. Class A | 76,851 | 2,254,040 | ||||||
DISH Network Corp. Class A (a) | 4,266 | 58,999 | ||||||
FactSet Research Systems, Inc. | 667 | 266,873 | ||||||
Fox Corp. Class A | 5,406 | 165,856 | ||||||
Fox Corp. Class B | 2,516 | 71,706 | ||||||
News Corp. Class A | 6,736 | 101,781 | ||||||
News Corp. Class B | 2,194 | 33,831 | ||||||
Paramount Global Class B (b) | 8,730 | 166,219 | ||||||
The Walt Disney Co. (a) | 31,815 | 3,001,109 | ||||||
Warner Bros Discovery, Inc. (a) | 38,542 | 443,233 | ||||||
7,149,113 | ||||||||
Telecommunications — 2.0% | ||||||||
Arista Networks, Inc. (a) | 4,318 | 487,459 | ||||||
AT&T, Inc. | 124,532 | 1,910,321 | ||||||
Cisco Systems, Inc. | 72,345 | 2,893,800 | ||||||
Corning, Inc. | 13,340 | 387,127 | ||||||
Juniper Networks, Inc. | 5,696 | 148,779 | ||||||
Lumen Technologies, Inc. | 16,407 | 119,443 | ||||||
Motorola Solutions, Inc. | 2,921 | 654,216 | ||||||
T-Mobile US, Inc. (a) | 10,523 | 1,411,871 | ||||||
Verizon Communications, Inc. | 73,373 | 2,785,973 | ||||||
10,798,989 | ||||||||
65,827,926 | ||||||||
Consumer, Cyclical — 10.0% | ||||||||
Airlines — 0.2% | ||||||||
Alaska Air Group, Inc. (a) | 2,171 | 84,995 | ||||||
American Airlines Group, Inc. (a) | 11,212 | 134,992 | ||||||
Delta Air Lines, Inc. (a) | 11,144 | 312,700 | ||||||
Southwest Airlines Co. (a) | 10,308 | 317,899 | ||||||
United Airlines Holdings, Inc. (a) | 5,705 | 185,584 | ||||||
1,036,170 | ||||||||
Apparel — 0.4% | ||||||||
NIKE, Inc. Class B | 22,047 | 1,832,547 | ||||||
Ralph Lauren Corp. | 768 | 65,226 | ||||||
Tapestry, Inc. | 4,339 | 123,358 | ||||||
VF Corp. | 5,712 | 170,846 | ||||||
2,191,977 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Auto Manufacturers — 2.8% | ||||||||
Cummins, Inc. | 2,466 | $ | 501,855 | |||||
Ford Motor Co. | 68,815 | 770,728 | ||||||
General Motors Co. | 25,409 | 815,375 | ||||||
PACCAR, Inc. | 6,091 | 509,756 | ||||||
Tesla, Inc. (a) | 46,500 | 12,334,125 | ||||||
14,931,839 | ||||||||
Auto Parts & Equipment — 0.1% | ||||||||
Aptiv PLC (a) | 4,710 | 368,369 | ||||||
BorgWarner, Inc. | 4,083 | 128,206 | ||||||
496,575 | ||||||||
Distribution & Wholesale — 0.3% | ||||||||
Copart, Inc. (a) | 3,750 | 399,000 | ||||||
Fastenal Co. | 9,999 | 460,354 | ||||||
LKQ Corp. | 4,516 | 212,929 | ||||||
Pool Corp. | 697 | 221,792 | ||||||
W.W. Grainger, Inc. | 787 | 384,993 | ||||||
1,679,068 | ||||||||
Entertainment — 0.1% | ||||||||
Caesars Entertainment, Inc. (a) | 3,693 | 119,136 | ||||||
Live Nation Entertainment, Inc. (a) | 2,459 | 186,983 | ||||||
306,119 | ||||||||
Home Builders — 0.2% | ||||||||
D.R. Horton, Inc. | 5,545 | 373,456 | ||||||
Lennar Corp. Class A | 4,439 | 330,928 | ||||||
NVR, Inc. (a) | 54 | 215,302 | ||||||
PulteGroup, Inc. | 4,086 | 153,225 | ||||||
1,072,911 | ||||||||
Home Furnishing — 0.0% | ||||||||
Whirlpool Corp. | 956 | 128,878 | ||||||
Housewares — 0.0% | ||||||||
Newell Brands, Inc. | 6,453 | 89,632 | ||||||
Leisure Time — 0.1% | ||||||||
Carnival Corp. (a) | 17,055 | 119,897 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) | 7,477 | 84,939 | ||||||
Royal Caribbean Cruises Ltd. (a) | 3,866 | 146,521 | ||||||
351,357 | ||||||||
Lodging — 0.4% | ||||||||
Hilton Worldwide Holdings, Inc. | 4,803 | 579,338 | ||||||
Las Vegas Sands Corp. (a) | 5,780 | 216,865 | ||||||
Marriott International, Inc. Class A | 4,813 | 674,494 | ||||||
MGM Resorts International | 5,642 | 167,680 | ||||||
Wynn Resorts Ltd. (a) | 1,833 | 115,534 | ||||||
1,753,911 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Retail — 5.4% | ||||||||
Advance Auto Parts, Inc. | 1,069 | $ | 167,128 | |||||
AutoZone, Inc. (a) | 341 | 730,398 | ||||||
Bath & Body Works, Inc. | 3,937 | 128,346 | ||||||
Best Buy Co., Inc. | 3,474 | 220,043 | ||||||
CarMax, Inc. (a) | 2,805 | 185,186 | ||||||
Chipotle Mexican Grill, Inc. (a) | 484 | 727,336 | ||||||
Costco Wholesale Corp. | 7,731 | 3,651,119 | ||||||
Darden Restaurants, Inc. | 2,153 | 271,967 | ||||||
Dollar General Corp. | 3,970 | 952,244 | ||||||
Dollar Tree, Inc. (a) | 3,688 | 501,937 | ||||||
Domino's Pizza, Inc. | 627 | 194,495 | ||||||
Genuine Parts Co. | 2,481 | 370,463 | ||||||
The Home Depot, Inc. | 17,951 | 4,953,399 | ||||||
Lowe's Cos., Inc. | 11,168 | 2,097,462 | ||||||
McDonald's Corp. | 12,853 | 2,965,701 | ||||||
O'Reilly Automotive, Inc. (a) | 1,116 | 784,939 | ||||||
Ross Stores, Inc. | 6,122 | 515,901 | ||||||
Starbucks Corp. | 20,054 | 1,689,750 | ||||||
Target Corp. | 8,096 | 1,201,366 | ||||||
The TJX Cos., Inc. | 20,482 | 1,272,342 | ||||||
Tractor Supply Co. | 1,947 | 361,908 | ||||||
Ulta Beauty, Inc. (a) | 903 | 362,275 | ||||||
Walgreens Boots Alliance, Inc. | 12,473 | 391,652 | ||||||
Walmart, Inc. | 24,889 | 3,228,103 | ||||||
Yum! Brands, Inc. | 4,984 | 529,999 | ||||||
28,455,459 | ||||||||
Toys, Games & Hobbies — 0.0% | ||||||||
Hasbro, Inc. | 2,276 | 153,448 | ||||||
52,647,344 | ||||||||
Consumer, Non-cyclical — 22.4% | ||||||||
Agriculture — 0.8% | ||||||||
Altria Group, Inc. | 31,484 | 1,271,324 | ||||||
Archer-Daniels-Midland Co. | 9,787 | 787,364 | ||||||
Philip Morris International, Inc. | 27,086 | 2,248,409 | ||||||
4,307,097 | ||||||||
Beverages — 1.9% | ||||||||
Brown-Forman Corp. Class B | 3,217 | 214,156 | ||||||
The Coca-Cola Co. | 67,990 | 3,808,800 | ||||||
Constellation Brands, Inc. Class A | 2,789 | 640,577 | ||||||
Keurig Dr Pepper, Inc. | 14,881 | 533,037 | ||||||
Molson Coors Beverage Co. Class B | 3,320 | 159,327 | ||||||
Monster Beverage Corp. (a) | 6,735 | 585,676 | ||||||
PepsiCo, Inc. | 24,107 | 3,935,709 | ||||||
9,877,282 | ||||||||
Biotechnology — 1.7% | ||||||||
Amgen, Inc. | 9,348 | 2,107,039 | ||||||
Bio-Rad Laboratories, Inc. Class A (a) | 370 | 154,342 | ||||||
Biogen, Inc. (a) | 2,539 | 677,913 | ||||||
Corteva, Inc. | 12,534 | 716,318 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Gilead Sciences, Inc. | 21,911 | $ | 1,351,689 | |||||
Illumina, Inc. (a) | 2,735 | 521,811 | ||||||
Incyte Corp. (a) | 3,248 | 216,447 | ||||||
Moderna, Inc. (a) | 5,860 | 692,945 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 1,874 | 1,290,942 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 4,478 | 1,296,560 | ||||||
9,026,006 | ||||||||
Commercial Services — 1.9% | ||||||||
Automatic Data Processing, Inc. | 7,263 | 1,642,818 | ||||||
Cintas Corp. | 1,506 | 584,614 | ||||||
CoStar Group, Inc. (a) | 6,937 | 483,162 | ||||||
Equifax, Inc. | 2,144 | 367,546 | ||||||
FleetCor Technologies, Inc. (a) | 1,319 | 232,368 | ||||||
Gartner, Inc. (a) | 1,387 | 383,769 | ||||||
Global Payments, Inc. | 4,855 | 524,583 | ||||||
MarketAxess Holdings, Inc. | 658 | 146,398 | ||||||
Moody's Corp. | 2,762 | 671,470 | ||||||
Nielsen Holdings PLC | 6,340 | 175,745 | ||||||
PayPal Holdings, Inc. (a) | 20,212 | 1,739,647 | ||||||
Quanta Services, Inc. | 2,484 | 316,437 | ||||||
Robert Half International, Inc. | 1,935 | 148,028 | ||||||
Rollins, Inc. | 4,088 | 141,772 | ||||||
S&P Global, Inc. | 5,944 | 1,815,000 | ||||||
United Rentals, Inc. (a) | 1,216 | 328,466 | ||||||
Verisk Analytics, Inc. | 2,750 | 468,957 | ||||||
10,170,780 | ||||||||
Cosmetics & Personal Care — 1.3% | ||||||||
Colgate-Palmolive Co. | 14,587 | 1,024,737 | ||||||
The Estee Lauder Cos., Inc. Class A | 4,040 | 872,236 | ||||||
The Procter & Gamble Co. | 41,736 | 5,269,170 | ||||||
7,166,143 | ||||||||
Food — 1.2% | ||||||||
Campbell Soup Co. | 3,552 | 167,370 | ||||||
Conagra Brands, Inc. | 8,433 | 275,169 | ||||||
General Mills, Inc. | 10,423 | 798,506 | ||||||
The Hershey Co. | 2,572 | 567,049 | ||||||
Hormel Foods Corp. | 5,089 | 231,244 | ||||||
The J.M. Smucker Co. | 1,872 | 257,231 | ||||||
Kellogg Co. | 4,477 | 311,868 | ||||||
The Kraft Heinz Co. | 13,952 | 465,299 | ||||||
The Kroger Co. | 11,376 | 497,700 | ||||||
Lamb Weston Holdings, Inc. | 2,531 | 195,849 | ||||||
McCormick & Co., Inc. | 4,396 | 313,303 | ||||||
Mondelez International, Inc. Class A | 23,960 | 1,313,727 | ||||||
Sysco Corp. | 8,873 | 627,410 | ||||||
Tyson Foods, Inc. Class A | 5,035 | 331,957 | ||||||
6,353,682 | ||||||||
Health Care – Products — 3.8% | ||||||||
Abbott Laboratories | 30,595 | 2,960,372 | ||||||
ABIOMED, Inc. (a) | 800 | 196,528 | ||||||
Align Technology, Inc. (a) | 1,261 | 261,166 | ||||||
Baxter International, Inc. | 8,823 | 475,207 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Bio-Techne Corp. | 679 | $ | 192,836 | |||||
Boston Scientific Corp. (a) | 25,039 | 969,761 | ||||||
The Cooper Cos., Inc. | 868 | 229,065 | ||||||
Danaher Corp. | 11,438 | 2,954,321 | ||||||
Dentsply Sirona, Inc. | 3,756 | 106,483 | ||||||
Edwards Lifesciences Corp. (a) | 10,821 | 894,139 | ||||||
Henry Schein, Inc. (a) | 2,402 | 157,980 | ||||||
Hologic, Inc. (a) | 4,385 | 282,920 | ||||||
IDEXX Laboratories, Inc. (a) | 1,459 | 475,342 | ||||||
Intuitive Surgical, Inc. (a) | 6,227 | 1,167,189 | ||||||
Medtronic PLC | 23,220 | 1,875,015 | ||||||
PerkinElmer, Inc. | 2,190 | 263,523 | ||||||
ResMed, Inc. | 2,564 | 559,721 | ||||||
Steris PLC | 1,736 | 288,662 | ||||||
Stryker Corp. | 5,887 | 1,192,353 | ||||||
Teleflex, Inc. | 827 | 166,607 | ||||||
Thermo Fisher Scientific, Inc. | 6,844 | 3,471,208 | ||||||
Waters Corp. (a) | 1,052 | 283,546 | ||||||
West Pharmaceutical Services, Inc. | 1,286 | 316,459 | ||||||
Zimmer Biomet Holdings, Inc. | 3,679 | 384,639 | ||||||
20,125,042 | ||||||||
Health Care – Services — 2.8% | ||||||||
Catalent, Inc. (a) | 3,107 | 224,823 | ||||||
Centene Corp. (a) | 9,959 | 774,910 | ||||||
Charles River Laboratories International, Inc. (a) | 879 | 172,987 | ||||||
DaVita, Inc. (a) | 983 | 81,363 | ||||||
Elevance Health, Inc. | 4,187 | 1,901,903 | ||||||
HCA Healthcare, Inc. | 3,750 | 689,212 | ||||||
Humana, Inc. | 2,213 | 1,073,725 | ||||||
IQVIA Holdings, Inc. (a) | 3,247 | 588,162 | ||||||
Laboratory Corp. of America Holdings | 1,570 | 321,552 | ||||||
Molina Healthcare, Inc. (a) | 1,019 | 336,107 | ||||||
Quest Diagnostics, Inc. | 2,039 | 250,165 | ||||||
UnitedHealth Group, Inc. | 16,329 | 8,246,798 | ||||||
Universal Health Services, Inc. Class B | 1,129 | 99,555 | ||||||
14,761,262 | ||||||||
Household Products & Wares — 0.3% | ||||||||
Avery Dennison Corp. | 1,429 | 232,498 | ||||||
Church & Dwight Co., Inc. | 4,264 | 304,620 | ||||||
The Clorox Co. | 2,163 | 277,708 | ||||||
Kimberly-Clark Corp. | 5,910 | 665,111 | ||||||
1,479,937 | ||||||||
Pharmaceuticals — 6.7% | ||||||||
AbbVie, Inc. | 30,884 | 4,144,942 | ||||||
AmerisourceBergen Corp. | 2,726 | 368,910 | ||||||
Becton Dickinson and Co. | 4,987 | 1,111,253 | ||||||
Bristol-Myers Squibb Co. | 37,306 | 2,652,084 | ||||||
Cardinal Health, Inc. | 4,781 | 318,797 | ||||||
Cigna Corp. | 5,333 | 1,479,747 | ||||||
CVS Health Corp. | 22,906 | 2,184,545 | ||||||
DexCom, Inc. (a) | 6,868 | 553,149 | ||||||
Eli Lilly & Co. | 13,775 | 4,454,146 | ||||||
Johnson & Johnson | 45,918 | 7,501,164 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
McKesson Corp. | 2,505 | $ | 851,374 | |||||
Merck & Co., Inc. | 44,252 | 3,810,982 | ||||||
Organon & Co. | 4,422 | 103,475 | ||||||
Pfizer, Inc. | 98,034 | 4,289,968 | ||||||
Viatris, Inc. | 21,284 | 181,340 | ||||||
Zoetis, Inc. | 8,185 | 1,213,754 | ||||||
35,219,630 | ||||||||
118,486,861 | ||||||||
Energy — 4.7% | ||||||||
Energy – Alternate Sources — 0.2% | ||||||||
Enphase Energy, Inc. (a) | 2,371 | 657,881 | ||||||
SolarEdge Technologies, Inc. (a) | 978 | 226,368 | ||||||
884,249 | ||||||||
Oil & Gas — 3.9% | ||||||||
APA Corp. | 5,654 | 193,310 | ||||||
Chevron Corp. | 31,440 | 4,516,985 | ||||||
ConocoPhillips | 22,244 | 2,276,451 | ||||||
Coterra Energy, Inc. | 13,951 | 364,400 | ||||||
Devon Energy Corp. | 11,406 | 685,843 | ||||||
Diamondback Energy, Inc. | 3,090 | 372,221 | ||||||
EOG Resources, Inc. | 10,246 | 1,144,786 | ||||||
EQT Corp. | 6,455 | 263,041 | ||||||
Exxon Mobil Corp. | 72,759 | 6,352,588 | ||||||
Hess Corp. | 4,881 | 531,980 | ||||||
Marathon Oil Corp. | 11,759 | 265,518 | ||||||
Marathon Petroleum Corp. | 8,723 | 866,456 | ||||||
Occidental Petroleum Corp. | 12,992 | 798,359 | ||||||
Phillips 66 | 8,420 | 679,662 | ||||||
Pioneer Natural Resources Co. | 4,162 | 901,198 | ||||||
Valero Energy Corp. | 6,881 | 735,235 | ||||||
20,948,033 | ||||||||
Oil & Gas Services — 0.3% | ||||||||
Baker Hughes Co. | 17,744 | 371,914 | ||||||
Halliburton Co. | 15,769 | 388,233 | ||||||
Schlumberger NV | 24,742 | 888,238 | ||||||
1,648,385 | ||||||||
Pipelines — 0.3% | ||||||||
Kinder Morgan, Inc. | 34,718 | 577,708 | ||||||
ONEOK, Inc. | 7,784 | 398,852 | ||||||
The Williams Cos., Inc. | 21,334 | 610,792 | ||||||
1,587,352 | ||||||||
25,068,019 | ||||||||
Financial — 14.8% | ||||||||
Banks — 4.6% | ||||||||
Bank of America Corp. | 122,009 | 3,684,672 | ||||||
The Bank of New York Mellon Corp. | 12,883 | 496,253 | ||||||
Citigroup, Inc. | 33,777 | 1,407,488 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Citizens Financial Group, Inc. | 8,605 | $ | 295,668 | |||||
Comerica, Inc. | 2,295 | 163,175 | ||||||
Fifth Third Bancorp | 12,033 | 384,575 | ||||||
First Republic Bank | 3,178 | 414,888 | ||||||
The Goldman Sachs Group, Inc. | 5,964 | 1,747,750 | ||||||
Huntington Bancshares, Inc. | 25,308 | 333,559 | ||||||
JP Morgan Chase & Co. | 51,189 | 5,349,250 | ||||||
KeyCorp. | 16,182 | 259,236 | ||||||
M&T Bank Corp. | 3,076 | 542,360 | ||||||
Morgan Stanley | 23,403 | 1,849,071 | ||||||
Northern Trust Corp. | 3,658 | 312,978 | ||||||
The PNC Financial Services Group, Inc. | 7,172 | 1,071,640 | ||||||
Regions Financial Corp. | 16,399 | 329,128 | ||||||
Signature Bank | 1,088 | 164,288 | ||||||
State Street Corp. | 6,417 | 390,218 | ||||||
SVB Financial Group (a) | 1,027 | 344,846 | ||||||
Truist Financial Corp. | 23,146 | 1,007,777 | ||||||
US Bancorp | 23,567 | 950,221 | ||||||
Wells Fargo & Co. | 66,189 | 2,662,122 | ||||||
Zions Bancorp NA | 2,659 | 135,237 | ||||||
24,296,400 | ||||||||
Diversified Financial Services — 3.6% | ||||||||
American Express Co. | 10,461 | 1,411,294 | ||||||
Ameriprise Financial, Inc. | 1,895 | 477,445 | ||||||
BlackRock, Inc. | 2,630 | 1,447,236 | ||||||
Capital One Financial Corp. | 6,684 | 616,064 | ||||||
Cboe Global Markets, Inc. | 1,866 | 219,013 | ||||||
The Charles Schwab Corp. | 26,685 | 1,917,851 | ||||||
CME Group, Inc. | 6,285 | 1,113,262 | ||||||
Discover Financial Services | 4,752 | 432,052 | ||||||
Franklin Resources, Inc. | 4,947 | 106,460 | ||||||
Intercontinental Exchange, Inc. | 9,769 | 882,629 | ||||||
Invesco Ltd. | 7,866 | 107,764 | ||||||
Mastercard, Inc. Class A | 14,904 | 4,237,803 | ||||||
Nasdaq, Inc. | 5,947 | 337,076 | ||||||
Raymond James Financial, Inc. | 3,409 | 336,877 | ||||||
Synchrony Financial | 8,355 | 235,528 | ||||||
T. Rowe Price Group, Inc. | 3,925 | 412,164 | ||||||
Visa, Inc. Class A | 28,558 | 5,073,329 | ||||||
19,363,847 | ||||||||
Insurance — 3.8% | ||||||||
Aflac, Inc. | 10,070 | 565,934 | ||||||
The Allstate Corp. | 4,733 | 589,401 | ||||||
American International Group, Inc. | 13,243 | 628,778 | ||||||
Aon PLC Class A | 3,689 | 988,172 | ||||||
Arthur J Gallagher & Co. | 3,682 | 630,432 | ||||||
Assurant, Inc. | 940 | 136,554 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 31,511 | 8,414,067 | ||||||
Brown & Brown, Inc. | 4,121 | 249,238 | ||||||
Chubb Ltd. | 7,301 | 1,327,906 | ||||||
Cincinnati Financial Corp. | 2,787 | 249,632 | ||||||
Everest Re Group Ltd. | 694 | 182,133 | ||||||
Globe Life, Inc. | 1,599 | 159,420 | ||||||
The Hartford Financial Services Group, Inc. | 5,669 | 351,138 | ||||||
Lincoln National Corp. | 2,723 | 119,567 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Loews Corp. | 3,525 | $ | 175,686 | |||||
Marsh & McLennan Cos., Inc. | 8,724 | 1,302,406 | ||||||
MetLife, Inc. | 11,726 | 712,706 | ||||||
Principal Financial Group, Inc. | 4,070 | 293,651 | ||||||
The Progressive Corp. | 10,227 | 1,188,480 | ||||||
Prudential Financial, Inc. | 6,476 | 555,511 | ||||||
The Travelers Cos., Inc. | 4,154 | 636,393 | ||||||
W.R. Berkley Corp. | 3,592 | 231,971 | ||||||
Willis Towers Watson PLC | 1,928 | 387,412 | ||||||
20,076,588 | ||||||||
Real Estate — 0.1% | ||||||||
CBRE Group, Inc. Class A (a) | 5,583 | 376,908 | ||||||
Real Estate Investment Trusts (REITS) — 2.7% | ||||||||
Alexandria Real Estate Equities, Inc. | 2,605 | 365,195 | ||||||
American Tower Corp. | 8,136 | 1,746,799 | ||||||
AvalonBay Communities, Inc. | 2,451 | 451,450 | ||||||
Boston Properties, Inc. | 2,513 | 188,400 | ||||||
Camden Property Trust | 1,874 | 223,849 | ||||||
Crown Castle, Inc. | 7,573 | 1,094,677 | ||||||
Digital Realty Trust, Inc. | 5,001 | 495,999 | ||||||
Duke Realty Corp. | 6,697 | 322,795 | ||||||
Equinix, Inc. | 1,593 | 906,162 | ||||||
Equity Residential | 5,936 | 399,018 | ||||||
Essex Property Trust, Inc. | 1,144 | 277,111 | ||||||
Extra Space Storage, Inc. | 2,344 | 404,832 | ||||||
Federal Realty Investment Trust | 1,290 | 116,255 | ||||||
Healthpeak Properties, Inc. | 9,495 | 217,625 | ||||||
Host Hotels & Resorts, Inc. | 12,587 | 199,882 | ||||||
Invitation Homes, Inc. | 10,173 | 343,542 | ||||||
Iron Mountain, Inc. | 5,101 | 224,291 | ||||||
Kimco Realty Corp. | 10,891 | 200,503 | ||||||
Mid-America Apartment Communities, Inc. | 2,026 | 314,172 | ||||||
Prologis, Inc. | 12,911 | 1,311,758 | ||||||
Public Storage | 2,764 | 809,327 | ||||||
Realty Income Corp. | 10,801 | 628,618 | ||||||
Regency Centers Corp. | 2,720 | 146,472 | ||||||
SBA Communications Corp. | 1,890 | 537,988 | ||||||
Simon Property Group, Inc. | 5,699 | 511,485 | ||||||
UDR, Inc. | 5,373 | 224,108 | ||||||
Ventas, Inc. | 6,937 | 278,659 | ||||||
VICI Properties, Inc. | 16,873 | 503,659 | ||||||
Vornado Realty Trust | 2,885 | 66,817 | ||||||
Welltower, Inc. | 8,065 | 518,741 | ||||||
Weyerhaeuser Co. | 12,867 | 367,482 | ||||||
14,397,671 | ||||||||
78,511,414 | ||||||||
Industrial — 7.6% | ||||||||
Aerospace & Defense — 1.6% | ||||||||
The Boeing Co. (a) | 9,733 | 1,178,471 | ||||||
General Dynamics Corp. | 3,934 | 834,677 | ||||||
Howmet Aerospace, Inc. | 6,506 | 201,230 | ||||||
L3 Harris Technologies, Inc. | 3,349 | 696,023 | ||||||
Lockheed Martin Corp. | 4,125 | 1,593,446 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Northrop Grumman Corp. | 2,543 | $ | 1,196,024 | |||||
Raytheon Technologies Corp. | 25,801 | 2,112,070 | ||||||
Teledyne Technologies, Inc. (a) | 823 | 277,738 | ||||||
TransDigm Group, Inc. | 902 | 473,388 | ||||||
8,563,067 | ||||||||
Building Materials — 0.4% | ||||||||
Carrier Global Corp. | 14,648 | 520,883 | ||||||
Fortune Brands Home & Security, Inc. | 2,228 | 119,621 | ||||||
Johnson Controls International PLC | 11,994 | 590,345 | ||||||
Martin Marietta Materials, Inc. | 1,093 | 352,044 | ||||||
Masco Corp. | 3,973 | 185,499 | ||||||
Mohawk Industries, Inc. (a) | 903 | 82,345 | ||||||
Vulcan Materials Co. | 2,321 | 366,045 | ||||||
2,216,782 | ||||||||
Electrical Components & Equipment — 0.3% | ||||||||
AMETEK, Inc. | 3,994 | 452,960 | ||||||
Emerson Electric Co. | 10,302 | 754,312 | ||||||
Generac Holdings, Inc. (a) | 1,105 | 196,845 | ||||||
1,404,117 | ||||||||
Electronics — 1.1% | ||||||||
Agilent Technologies, Inc. | 5,202 | 632,303 | ||||||
Allegion PLC | 1,552 | 139,183 | ||||||
Amphenol Corp. Class A | 10,411 | 697,121 | ||||||
Fortive Corp. | 6,194 | 361,110 | ||||||
Garmin Ltd. | 2,694 | 216,355 | ||||||
Honeywell International, Inc. | 11,753 | 1,962,398 | ||||||
Keysight Technologies, Inc. (a) | 3,152 | 495,999 | ||||||
Mettler-Toledo International, Inc. (a) | 392 | 424,975 | ||||||
TE Connectivity Ltd. | 5,599 | 617,906 | ||||||
Trimble, Inc. (a) | 4,354 | 236,292 | ||||||
5,783,642 | ||||||||
Engineering & Construction — 0.0% | ||||||||
Jacobs Solutions, Inc. | 2,213 | 240,088 | ||||||
Environmental Controls — 0.3% | ||||||||
Pentair PLC | 2,831 | 115,024 | ||||||
Republic Services, Inc. | 3,598 | 489,472 | ||||||
Waste Management, Inc. | 6,578 | 1,053,861 | ||||||
1,658,357 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Snap-on, Inc. | 938 | 188,866 | ||||||
Stanley Black & Decker, Inc. | 2,560 | 192,538 | ||||||
381,404 | ||||||||
Machinery – Construction & Mining — 0.3% | ||||||||
Caterpillar, Inc. | 9,208 | 1,510,849 | ||||||
Machinery – Diversified — 0.8% | ||||||||
Deere & Co. | 4,851 | 1,619,700 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Dover Corp. | 2,516 | $ | 293,315 | |||||
IDEX Corp. | 1,326 | 265,001 | ||||||
Ingersoll Rand, Inc. | 7,002 | 302,907 | ||||||
Nordson Corp. | 951 | 201,869 | ||||||
Otis Worldwide Corp. | 7,312 | 466,506 | ||||||
Rockwell Automation, Inc. | 2,008 | 431,941 | ||||||
Westinghouse Air Brake Technologies Corp. | 3,157 | 256,822 | ||||||
Xylem, Inc. | 3,165 | 276,494 | ||||||
4,114,555 | ||||||||
Miscellaneous - Manufacturing — 1.0% | ||||||||
3M Co. | 9,652 | 1,066,546 | ||||||
A.O. Smith Corp. | 2,209 | 107,313 | ||||||
Eaton Corp. PLC | 6,942 | 925,785 | ||||||
General Electric Co. | 19,120 | �� | 1,183,719 | |||||
Illinois Tool Works, Inc. | 4,929 | 890,424 | ||||||
Parker-Hannifin Corp. | 2,235 | 541,563 | ||||||
Textron, Inc. | 3,722 | 216,844 | ||||||
Trane Technologies PLC | 4,052 | 586,770 | ||||||
5,518,964 | ||||||||
Packaging & Containers — 0.2% | ||||||||
Amcor PLC | 26,393 | 283,197 | ||||||
Ball Corp. | 5,469 | 264,262 | ||||||
Packaging Corp. of America | 1,622 | 182,134 | ||||||
Sealed Air Corp. | 2,554 | 113,679 | ||||||
WestRock Co. | 4,388 | 135,545 | ||||||
978,817 | ||||||||
Shipbuilding — 0.0% | ||||||||
Huntington Ingalls Industries, Inc. | 705 | 156,157 | ||||||
Transportation — 1.5% | ||||||||
C.H. Robinson Worldwide, Inc. | 2,174 | 209,378 | ||||||
CSX Corp. | 37,327 | 994,391 | ||||||
Expeditors International of Washington, Inc. | 2,838 | 250,624 | ||||||
FedEx Corp. | 4,163 | 618,081 | ||||||
J.B. Hunt Transport Services, Inc. | 1,460 | 228,373 | ||||||
Norfolk Southern Corp. | 4,093 | 858,098 | ||||||
Old Dominion Freight Line, Inc. | 1,594 | 396,539 | ||||||
Union Pacific Corp. | 10,896 | 2,122,759 | ||||||
United Parcel Service, Inc. Class B | 12,769 | 2,062,704 | ||||||
7,740,947 | ||||||||
40,267,746 | ||||||||
Technology — 22.5% | ||||||||
Computers — 8.4% | ||||||||
Accenture PLC Class A | 11,051 | 2,843,422 | ||||||
Apple, Inc. | 263,783 | 36,454,811 | ||||||
Cognizant Technology Solutions Corp. Class A | 9,069 | 520,923 | ||||||
DXC Technology Co. (a) | 4,081 | 99,903 | ||||||
EPAM Systems, Inc. (a) | 1,006 | 364,363 | ||||||
Fortinet, Inc. (a) | 11,461 | 563,079 | ||||||
Hewlett Packard Enterprise Co. | 22,824 | 273,432 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
HP, Inc. | 15,956 | $ | 397,623 | |||||
International Business Machines Corp. | 15,784 | 1,875,297 | ||||||
Leidos Holdings, Inc. | 2,403 | 210,190 | ||||||
NetApp, Inc. | 3,863 | 238,927 | ||||||
Seagate Technology Holdings PLC | 3,441 | 183,164 | ||||||
Western Digital Corp. (a) | 5,520 | 179,676 | ||||||
44,204,810 | ||||||||
Office & Business Equipment — 0.0% | ||||||||
Zebra Technologies Corp. Class A (a) | 911 | 238,691 | ||||||
Semiconductors — 4.6% | ||||||||
Advanced Micro Devices, Inc. (a) | 28,174 | 1,785,105 | ||||||
Analog Devices, Inc. | 9,088 | 1,266,322 | ||||||
Applied Materials, Inc. | 15,210 | 1,246,155 | ||||||
Broadcom, Inc. | 7,055 | 3,132,491 | ||||||
Intel Corp. | 71,757 | 1,849,178 | ||||||
KLA Corp. | 2,481 | 750,825 | ||||||
Lam Research Corp. | 2,396 | 876,936 | ||||||
Microchip Technology, Inc. | 9,674 | 590,404 | ||||||
Micron Technology, Inc. | 19,295 | 966,679 | ||||||
Monolithic Power Systems, Inc. | 781 | 283,815 | ||||||
NVIDIA Corp. | 43,718 | 5,306,928 | ||||||
NXP Semiconductor NV | 4,596 | 677,956 | ||||||
ON Semiconductor Corp. (a) | 7,591 | 473,147 | ||||||
Qorvo, Inc. (a) | 1,822 | 144,685 | ||||||
QUALCOMM, Inc. | 19,623 | 2,217,007 | ||||||
Skyworks Solutions, Inc. | 2,820 | 240,461 | ||||||
Teradyne, Inc. | 2,759 | 207,339 | ||||||
Texas Instruments, Inc. | 15,965 | 2,471,063 | ||||||
24,486,496 | ||||||||
Software — 9.5% | ||||||||
Activision Blizzard, Inc. | 12,452 | 925,682 | ||||||
Adobe, Inc. (a) | 8,178 | 2,250,586 | ||||||
Akamai Technologies, Inc. (a) | 2,796 | 224,575 | ||||||
ANSYS, Inc. (a) | 1,528 | 338,758 | ||||||
Autodesk, Inc. (a) | 3,802 | 710,214 | ||||||
ADR Broadridge Financial Solutions, Inc. | 2,058 | 297,011 | ||||||
Cadence Design Systems, Inc. (a) | 4,792 | 783,157 | ||||||
Ceridian HCM Holding, Inc. (a) | 2,702 | 150,988 | ||||||
Citrix Systems, Inc. (c) | 2,318 | 240,840 | ||||||
Electronic Arts, Inc. | 4,626 | 535,274 | ||||||
Fidelity National Information Services, Inc. | 10,637 | 803,838 | ||||||
Fiserv, Inc. (a) | 11,185 | 1,046,580 | ||||||
Intuit, Inc. | 4,929 | 1,909,100 | ||||||
Jack Henry & Associates, Inc. | 1,281 | 233,488 | ||||||
Microsoft Corp. | 130,228 | 30,330,101 | ||||||
MSCI, Inc. | 1,410 | 594,724 | ||||||
Oracle Corp. | 26,550 | 1,621,408 | ||||||
Paychex, Inc. | 5,608 | 629,274 | ||||||
Paycom Software, Inc. (a) | 854 | 281,811 | ||||||
PTC, Inc. (a) | 1,862 | 194,765 | ||||||
Roper Technologies, Inc. | 1,856 | 667,492 | ||||||
Salesforce, Inc. (a) | 17,385 | 2,500,658 | ||||||
ServiceNow, Inc. (a) | 3,531 | 1,333,341 | ||||||
Synopsys, Inc. (a) | 2,676 | 817,545 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Take-Two Interactive Software, Inc. (a) | 2,751 | $ | 299,859 | |||||
Tyler Technologies, Inc. (a) | 731 | 254,022 | ||||||
49,975,091 | ||||||||
118,905,088 | ||||||||
Utilities — 3.1% | ||||||||
Electric — 2.9% | ||||||||
The AES Corp. | 11,636 | 262,974 | ||||||
Alliant Energy Corp. | 4,412 | 233,792 | ||||||
Ameren Corp. | 4,531 | 364,972 | ||||||
American Electric Power Co., Inc. | 8,952 | 773,900 | ||||||
CenterPoint Energy, Inc. | 10,982 | 309,473 | ||||||
CMS Energy Corp. | 5,095 | 296,733 | ||||||
Consolidated Edison, Inc. | 6,172 | 529,311 | ||||||
Constellation Energy Corp. | 5,727 | 476,429 | ||||||
Dominion Energy, Inc. | 14,513 | 1,002,993 | ||||||
DTE Energy Co. | 3,397 | 390,825 | ||||||
Duke Energy Corp. | 13,427 | 1,248,979 | ||||||
Edison International | 6,631 | 375,182 | ||||||
Entergy Corp. | 3,536 | 355,828 | ||||||
Evergy, Inc. | 4,035 | 239,679 | ||||||
Eversource Energy | 6,028 | 469,943 | ||||||
Exelon Corp. | 17,273 | 647,046 | ||||||
FirstEnergy Corp. | 9,523 | 352,351 | ||||||
NextEra Energy, Inc. | 34,293 | 2,688,914 | ||||||
NRG Energy, Inc. | 4,136 | 158,285 | ||||||
PG&E Corp. (a) | 28,106 | 351,325 | ||||||
Pinnacle West Capital Corp. | 1,967 | 126,891 | ||||||
PPL Corp. | 12,918 | 327,471 | ||||||
Public Service Enterprise Group, Inc. | 8,681 | 488,133 | ||||||
Sempra Energy | 5,477 | 821,221 | ||||||
The Southern Co. | 18,537 | 1,260,516 | ||||||
WEC Energy Group, Inc. | 5,490 | 490,971 | ||||||
Xcel Energy, Inc. | 9,526 | 609,664 | ||||||
15,653,801 | ||||||||
Gas — 0.1% | ||||||||
Atmos Energy Corp. | 2,458 | 250,347 | ||||||
NiSource, Inc. | 7,025 | 176,960 | ||||||
427,307 | ||||||||
Water — 0.1% | ||||||||
American Water Works Co., Inc. | 3,162 | 411,566 | ||||||
16,492,674 | ||||||||
TOTAL COMMON STOCK (Cost $337,428,175) | 526,754,424 | |||||||
TOTAL EQUITIES (Cost $337,428,175) | 526,754,424 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $337,428,175) | 526,754,424 | |||||||
MML Equity Index Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
SHORT-TERM INVESTMENTS — 0.1% | ||||||||
U.S. Treasury Bill — 0.1% | ||||||||
U.S. Treasury Bill | ||||||||
1.859% 11/25/22 (d) | $ | 860,000 | $ | 856,435 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $857,609) | 856,435 | |||||||
TOTAL INVESTMENTS — 99.7% (Cost $338,285,784) (e) | 527,610,859 | |||||||
Other Assets/(Liabilities) — 0.3% | 1,406,400 | |||||||
NET ASSETS — 100.0% | $ | 529,017,259 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $177,562 or 0.03% of net assets. The Fund received $181,719 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2022, these securities amounted to a value of $240,840 or 0.05% of net assets. |
(d) | The rate shown represents yield-to-maturity. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
Futures contracts | ||||||||||||||
Expiration Date | Number of Contracts | Notional Amount | Value/ Net Unrealized Appreciation/ (Depreciation) | |||||||||||
Long | ||||||||||||||
S&P 500 E Mini Index | 12/16/22 | 15 | $ | 3,027,695 | $ | (326,570) |
MML Focused Equity Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 97.9% | ||||||||
COMMON STOCK — 97.9% | ||||||||
Basic Materials — 8.3% | ||||||||
Chemicals — 8.3% | ||||||||
Ecolab, Inc. | 84,393 | $ | 12,188,037 | |||||
Linde PLC | 44,278 | 11,936,906 | ||||||
24,124,943 | ||||||||
Consumer, Cyclical — 14.4% | ||||||||
Apparel — 4.5% | ||||||||
NIKE, Inc. Class B | 155,051 | 12,887,839 | ||||||
Retail — 9.9% | ||||||||
McDonald's Corp. | 47,021 | 10,849,625 | ||||||
The TJX Cos., Inc. | 285,857 | 17,757,437 | ||||||
28,607,062 | ||||||||
41,494,901 | ||||||||
Consumer, Non-cyclical — 37.9% | ||||||||
Beverages — 6.7% | ||||||||
The Coca-Cola Co. | 102,739 | 5,755,439 | ||||||
PepsiCo, Inc. | 83,481 | 13,629,108 | ||||||
19,384,547 | ||||||||
Cosmetics & Personal Care — 8.3% | ||||||||
Colgate-Palmolive Co. | 181,433 | 12,745,668 | ||||||
The Procter & Gamble Co. | 89,435 | 11,291,169 | ||||||
24,036,837 | ||||||||
Health Care – Products — 13.9% | ||||||||
Baxter International, Inc. | 123,184 | 6,634,690 | ||||||
Danaher Corp. | 53,881 | 13,916,924 | ||||||
Medtronic PLC | 104,195 | 8,413,746 | ||||||
Stryker Corp. | 55,935 | 11,329,075 | ||||||
40,294,435 | ||||||||
Health Care – Services — 5.5% | ||||||||
UnitedHealth Group, Inc. | 31,339 | 15,827,448 | ||||||
Pharmaceuticals — 3.5% | ||||||||
Johnson & Johnson | 61,922 | 10,115,578 | ||||||
$ | 109,658,845 |
MML Focused Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Financial — 18.1% | ||||||||
Diversified Financial Services — 7.6% | ||||||||
American Express Co. | 66,605 | $ | 8,985,680 | |||||
Visa, Inc. Class A | 72,658 | 12,907,694 | ||||||
21,893,374 | ||||||||
Insurance — 8.8% | ||||||||
Chubb Ltd. | 68,338 | 12,429,315 | ||||||
Marsh & McLennan Cos., Inc. | 86,854 | 12,966,434 | ||||||
25,395,749 | ||||||||
Real Estate Investment Trusts (REITS) — 1.7% | ||||||||
American Tower Corp. | 23,699 | 5,088,176 | ||||||
52,377,299 | ||||||||
Industrial — 12.7% | ||||||||
Aerospace & Defense — 5.2% | ||||||||
Lockheed Martin Corp. | 7,527 | 2,907,605 | ||||||
Northrop Grumman Corp. | 26,025 | 12,240,078 | ||||||
15,147,683 | ||||||||
Electronics — 4.6% | ||||||||
Honeywell International, Inc. | 79,208 | 13,225,360 | ||||||
Transportation — 2.9% | ||||||||
Union Pacific Corp. | 42,431 | 8,266,407 | ||||||
36,639,450 | ||||||||
Technology — 6.5% | ||||||||
Computers — 3.5% | ||||||||
Accenture PLC Class A | 39,210 | 10,088,733 | ||||||
Software — 3.0% | ||||||||
Microsoft Corp. | 37,685 | 8,776,837 | ||||||
18,865,570 | ||||||||
TOTAL COMMON STOCK (Cost $283,391,469) | 283,161,008 | |||||||
TOTAL EQUITIES (Cost $283,391,469) | 283,161,008 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $283,391,469) | 283,161,008 | |||||||
MML Focused Equity Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
SHORT-TERM INVESTMENTS — 2.1% | ||||||||
Repurchase Agreement — 2.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (a) | $ | 6,002,321 | $ | 6,002,321 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $6,002,321) | 6,002,321 | |||||||
TOTAL INVESTMENTS — 100.0% (Cost $289,393,790) (b) | 289,163,329 | |||||||
Other Assets/(Liabilities) — (0.0)% | (32,179) | |||||||
NET ASSETS — 100.0% | $ | 289,131,150 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Maturity value of $6,002,736. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $6,122,462. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML Foreign Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 96.3% | ||||||||
COMMON STOCK — 96.3% | ||||||||
Australia — 4.0% | ||||||||
BHP Group Ltd. Sponsored ADR (a) | 10,700 | $ | 535,428 | |||||
BHP Group Ltd. | 22,900 | 570,322 | ||||||
Lendlease Corp Ltd. | 165,200 | 934,300 | ||||||
Macquarie Group Ltd. | 16,700 | 1,620,651 | ||||||
Santos Ltd. | 417,300 | 1,890,064 | ||||||
Woodside Energy Group Ltd. | 36,504 | 742,620 | ||||||
6,293,385 | ||||||||
Austria — 0.2% | ||||||||
ams-OSRAM AG (b) | 44,600 | 277,578 | ||||||
Belgium — 3.1% | ||||||||
Anheuser-Busch InBev SA | 53,800 | 2,433,805 | ||||||
Groupe Bruxelles Lambert SA | 14,900 | 1,035,413 | ||||||
KBC Group NV | 29,800 | 1,397,878 | ||||||
4,867,096 | ||||||||
Canada — 0.7% | ||||||||
TFI International, Inc. (a) | 12,200 | 1,104,081 | ||||||
Cayman Islands — 2.8% | ||||||||
CK Asset Holdings Ltd. | 294,500 | 1,767,163 | ||||||
CK Hutchison Holdings Ltd. | 481,600 | 2,644,728 | ||||||
4,411,891 | ||||||||
Finland — 0.7% | ||||||||
Nokia OYJ | 245,100 | 1,046,612 | ||||||
France — 10.3% | ||||||||
Amundi SA (c) | 21,400 | 887,362 | ||||||
Capgemini SE | 11,000 | 1,757,916 | ||||||
Cie de Saint-Gobain | 20,000 | 713,277 | ||||||
Dassault Aviation SA | 5,900 | 670,085 | ||||||
Engie SA | 277,800 | 3,187,433 | ||||||
Rexel SA (b) | 38,100 | 566,683 | ||||||
Sanofi | 34,100 | 2,602,521 | ||||||
Societe Generale SA | 40,900 | 811,507 | ||||||
TotalEnergies SE | 52,200 | 2,457,050 | ||||||
Ubisoft Entertainment SA (b) | 19,500 | 535,367 | ||||||
Veolia Environnement SA | 114,012 | 2,163,166 | ||||||
16,352,367 | ||||||||
Germany — 10.3% | ||||||||
Allianz SE Registered | 8,800 | 1,392,606 | ||||||
BASF SE | 47,300 | 1,833,054 | ||||||
Bayer AG Registered | 10,700 | 493,783 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Deutsche Boerse AG | 9,400 | $ | 1,547,588 | |||||
Deutsche Post AG Registered | 48,900 | 1,487,948 | ||||||
HeidelbergCement AG | 43,100 | 1,726,449 | ||||||
Infineon Technologies AG | 65,900 | 1,460,379 | ||||||
SAP SE | 29,500 | 2,431,827 | ||||||
Siemens AG Registered | 22,700 | 2,246,698 | ||||||
Siemens Energy AG (b) | 87,700 | 976,194 | ||||||
Talanx AG (b) | 20,700 | 738,986 | ||||||
16,335,512 | ||||||||
Ireland — 4.2% | ||||||||
AIB Group PLC | 572,500 | 1,378,883 | ||||||
DCC PLC | 31,000 | 1,612,760 | ||||||
Linde PLC | 6,700 | 1,806,253 | ||||||
Smurfit Kappa Group PLC | 65,900 | 1,861,771 | ||||||
6,659,667 | ||||||||
Israel — 1.0% | ||||||||
Check Point Software Technologies Ltd. (b) | 14,300 | 1,601,886 | ||||||
Italy — 0.3% | ||||||||
Prysmian SpA | 16,100 | 461,162 | ||||||
Japan — 19.9% | ||||||||
Astellas Pharma, Inc. | 161,600 | 2,136,087 | ||||||
Denka Co. Ltd. | 38,500 | 846,195 | ||||||
FANUC Corp. | 12,200 | 1,687,722 | ||||||
Fujitsu Ltd. | 12,300 | 1,326,462 | ||||||
Hitachi Ltd. | 46,600 | 1,973,150 | ||||||
Kirin Holdings Co. Ltd. | 93,300 | 1,436,930 | ||||||
Kyocera Corp. | 40,000 | 2,021,946 | ||||||
Nintendo Co. Ltd. | 54,000 | 2,186,604 | ||||||
Olympus Corp. | 49,600 | 954,593 | ||||||
ORIX Corp. | 134,200 | 1,887,386 | ||||||
Rakuten Group, Inc. | 269,600 | 1,156,589 | ||||||
SBI Holdings, Inc. | 79,200 | 1,423,252 | ||||||
Sega Sammy Holdings, Inc. | 52,800 | 719,571 | ||||||
Seven & i Holdings Co. Ltd. | 66,800 | 2,683,286 | ||||||
Sony Group Corp. | 40,500 | 2,606,674 | ||||||
Square Enix Holdings Co. Ltd. | 19,700 | 844,840 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 78,100 | 2,173,338 | ||||||
Toshiba Corp. | 40,500 | 1,442,498 | ||||||
Toyota Industries Corp. | 45,500 | 2,167,897 | ||||||
31,675,020 | ||||||||
Luxembourg — 0.7% | ||||||||
ArcelorMittal SA | 60,200 | 1,203,888 | ||||||
Netherlands — 5.9% | ||||||||
AerCap Holdings NV (b) | 37,600 | 1,591,608 | ||||||
ASML Holding NV | 4,000 | 1,659,165 | ||||||
CNH Industrial NV | 134,000 | 1,495,987 | ||||||
Exor N.V. (b) (d) | 10,400 | 667,406 | ||||||
Heineken Holding NV | 28,300 | 1,932,198 | ||||||
Koninklijke Philips NV | 35,779 | 552,662 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
NXP Semiconductor NV | 10,300 | $ | 1,519,353 | |||||
9,418,379 | ||||||||
Norway — 0.7% | ||||||||
Aker BP ASA (a) | 27,673 | 793,491 | ||||||
Mowi ASA | 31,000 | 392,808 | ||||||
1,186,299 | ||||||||
Republic of Korea — 1.5% | ||||||||
Samsung Electronics Co. Ltd. | 63,400 | 2,329,527 | ||||||
Singapore — 1.5% | ||||||||
DBS Group Holdings, Ltd. | 105,100 | 2,429,909 | ||||||
Sweden — 2.2% | ||||||||
Essity AB Class B | 49,700 | 981,038 | ||||||
Husqvarna AB Class B | 44,900 | 247,460 | ||||||
Investor AB Class B | 77,000 | 1,122,410 | ||||||
Volvo AB Class B | 84,298 | 1,189,466 | ||||||
3,540,374 | ||||||||
Switzerland — 9.8% | ||||||||
ABB Ltd. Registered | 84,000 | 2,163,082 | ||||||
Alcon, Inc. | 8,300 | 480,653 | ||||||
Cie Financiere Richemont SA Registered | 15,300 | 1,435,649 | ||||||
Nestle SA Registered | 26,200 | 2,836,926 | ||||||
Novartis AG Registered | 39,700 | 3,026,460 | ||||||
Roche Holding AG | 9,800 | 3,195,379 | ||||||
UBS Group AG Registered | 164,400 | 2,374,917 | ||||||
15,513,066 | ||||||||
United Kingdom — 16.5% | ||||||||
Ashtead Group PLC | 32,600 | 1,455,455 | ||||||
Aviva PLC | 210,976 | 906,184 | ||||||
Barratt Developments PLC | 135,100 | 511,757 | ||||||
BP PLC | 394,800 | 1,877,414 | ||||||
Bunzl PLC | 39,900 | 1,214,242 | ||||||
Burberry Group PLC | 24,300 | 484,569 | ||||||
Entain PLC | 40,700 | 488,754 | ||||||
Glencore PLC | 295,400 | 1,559,871 | ||||||
GSK PLC | 107,900 | 1,573,828 | ||||||
Imperial Brands PLC | 15,400 | 317,791 | ||||||
Inchcape PLC | 101,900 | 766,832 | ||||||
Informa PLC | 215,300 | 1,240,361 | ||||||
Kingfisher PLC | 179,400 | 435,797 | ||||||
Legal & General Group PLC | 267,700 | 640,608 | ||||||
Liberty Global PLC Class C (b) | 35,500 | 585,750 | ||||||
Lloyds Banking Group PLC | 4,554,600 | 2,080,834 | ||||||
Melrose Industries PLC | 645,190 | 720,372 | ||||||
Persimmon PLC | 61,100 | 841,160 | ||||||
Reckitt Benckiser Group PLC | 34,900 | 2,306,590 | ||||||
Smith & Nephew PLC | 144,800 | 1,670,535 | ||||||
Tesco PLC | 710,805 | 1,627,544 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Unilever PLC | 68,000 | $ | 2,991,990 | |||||
26,298,238 | ||||||||
TOTAL COMMON STOCK (Cost $191,569,646) | 153,005,937 | |||||||
TOTAL EQUITIES (Cost $191,569,646) | 153,005,937 | |||||||
MUTUAL FUNDS — 0.3% | ||||||||
United States — 0.3% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (e) | 542,891 | 542,891 | ||||||
TOTAL MUTUAL FUNDS (Cost $542,891) | 542,891 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $192,112,537) | 153,548,828 | |||||||
TOTAL INVESTMENTS — 96.6% (Cost $192,112,537) (f) | 153,548,828 | |||||||
Other Assets/(Liabilities) — 3.4% | 5,346,196 | |||||||
NET ASSETS — 100.0% | $ | 158,895,024 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $2,220,883 or 1.40% of net assets. The Fund received $1,884,826 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(b) | Non-income producing security. |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2022, the aggregate market value of these securities amounted to $887,362 or 0.56% of net assets. |
(d) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2022, these securities amounted to a value of $667,406 or 0.42% of net assets. |
(e) | Represents investment of security lending cash collateral. (Note 2). |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Fundamental Equity Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.3% | ||||||||
COMMON STOCK — 98.3% | ||||||||
Basic Materials — 0.8% | ||||||||
Chemicals — 0.8% | ||||||||
Valvoline, Inc. | 50,963 | $ | 1,291,402 | |||||
Communications — 13.2% | ||||||||
Internet — 10.6% | ||||||||
Airbnb, Inc. Class A (a) | 20,585 | 2,162,248 | ||||||
Alphabet, Inc. Class A (a) | 50,143 | 4,796,178 | ||||||
Amazon.com, Inc. (a) | 41,523 | 4,692,099 | ||||||
Meta Platforms, Inc. Class A (a) | 19,950 | 2,706,816 | ||||||
Netflix, Inc. (a) | 13,673 | 3,219,171 | ||||||
17,576,512 | ||||||||
Telecommunications — 2.6% | ||||||||
Motorola Solutions, Inc. | 10,557 | 2,364,451 | ||||||
Verizon Communications, Inc. | 53,747 | 2,040,774 | ||||||
4,405,225 | ||||||||
21,981,737 | ||||||||
Consumer, Cyclical — 4.9% | ||||||||
Auto Manufacturers — 1.8% | ||||||||
General Motors Co. | 46,797 | 1,501,716 | ||||||
Tesla, Inc. (a) | 5,812 | 1,541,633 | ||||||
3,043,349 | ||||||||
Home Builders — 0.3% | ||||||||
D.R. Horton, Inc. | 6,745 | 454,276 | ||||||
Retail — 2.8% | ||||||||
AutoZone, Inc. (a) | 205 | 439,096 | ||||||
Dollar General Corp. | 5,119 | 1,227,843 | ||||||
O'Reilly Automotive, Inc. (a) | 4,284 | 3,013,151 | ||||||
4,680,090 | ||||||||
8,177,715 | ||||||||
Consumer, Non-cyclical — 21.9% | ||||||||
Beverages — 4.0% | ||||||||
The Coca-Cola Co. | 47,787 | 2,677,028 | ||||||
Constellation Brands, Inc. Class A | 9,299 | 2,135,794 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
PepsiCo, Inc. | 11,570 | $ | 1,888,918 | |||||
6,701,740 | ||||||||
Biotechnology — 0.8% | ||||||||
Seagen, Inc. (a) | 10,070 | 1,377,878 | ||||||
Cosmetics & Personal Care — 1.3% | ||||||||
Coty, Inc. Class A (a) | 46,530 | 294,069 | ||||||
The Procter & Gamble Co. | 15,079 | 1,903,724 | ||||||
2,197,793 | ||||||||
Food — 0.7% | ||||||||
Sysco Corp. | 16,681 | 1,179,514 | ||||||
Health Care – Products — 0.2% | ||||||||
The Cooper Cos., Inc. | 1,012 | 267,067 | ||||||
Health Care – Services — 5.8% | ||||||||
HCA Healthcare, Inc. | 10,461 | 1,922,627 | ||||||
Tenet Healthcare Corp. (a) | 35,397 | 1,825,777 | ||||||
UnitedHealth Group, Inc. | 11,551 | 5,833,717 | ||||||
9,582,121 | ||||||||
Household Products & Wares — 0.3% | ||||||||
Church & Dwight Co., Inc. | 7,300 | 521,512 | ||||||
Pharmaceuticals — 8.8% | ||||||||
AstraZeneca PLC Sponsored ADR | 50,165 | 2,751,048 | ||||||
Bayer AG Registered | 24,598 | 1,135,147 | ||||||
Bristol-Myers Squibb Co. | 28,275 | 2,010,070 | ||||||
CVS Health Corp. | 34,822 | 3,320,974 | ||||||
Eli Lilly & Co. | 17,068 | 5,518,938 | ||||||
14,736,177 | ||||||||
36,563,802 | ||||||||
Energy — 5.3% | ||||||||
Oil & Gas — 3.5% | ||||||||
APA Corp. | 49,968 | 1,708,406 | ||||||
Exxon Mobil Corp. | 47,131 | 4,115,007 | ||||||
5,823,413 | ||||||||
Pipelines — 1.8% | ||||||||
Cheniere Energy, Inc. | 12,855 | 2,132,773 | ||||||
Magellan Midstream Partners LP (b) | 17,090 | 811,946 | ||||||
2,944,719 | ||||||||
8,768,132 | ||||||||
Financial — 13.1% | ||||||||
Banks — 3.4% | ||||||||
First Citizens BancShares, Inc. Class A | 2,580 | 2,057,369 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
JP Morgan Chase & Co. | 35,134 | $ | 3,671,503 | |||||
5,728,872 | ||||||||
Diversified Financial Services — 3.4% | ||||||||
American Express Co. | 19,993 | 2,697,256 | ||||||
The Charles Schwab Corp. | 18,963 | 1,362,871 | ||||||
Intercontinental Exchange, Inc. | 11,240 | 1,015,534 | ||||||
Rocket Cos., Inc. Class A | 103,091 | 651,535 | ||||||
5,727,196 | ||||||||
Insurance — 3.6% | ||||||||
The Allstate Corp. | 21,704 | 2,702,799 | ||||||
Equitable Holdings, Inc. | 126,187 | 3,325,028 | ||||||
6,027,827 | ||||||||
Real Estate Investment Trusts (REITS) — 2.7% | ||||||||
Prologis, Inc. | 43,500 | 4,419,600 | ||||||
21,903,495 | ||||||||
Industrial — 11.6% | ||||||||
Aerospace & Defense — 1.7% | ||||||||
Lockheed Martin Corp. | 2,073 | 800,779 | ||||||
Raytheon Technologies Corp. | 23,902 | 1,956,618 | ||||||
2,757,397 | ||||||||
Building Materials — 1.4% | ||||||||
Vulcan Materials Co. | 15,232 | 2,402,239 | ||||||
Electronics — 0.9% | ||||||||
Honeywell International, Inc. | 8,922 | 1,489,706 | ||||||
Environmental Controls — 1.2% | ||||||||
Republic Services, Inc. | 3,057 | 415,874 | ||||||
Waste Connections, Inc. | 12,050 | 1,628,317 | ||||||
2,044,191 | ||||||||
Machinery – Diversified — 2.7% | ||||||||
Deere & Co. | 7,282 | 2,431,387 | ||||||
Otis Worldwide Corp. | 32,124 | 2,049,511 | ||||||
4,480,898 | ||||||||
Transportation — 3.7% | ||||||||
Union Pacific Corp. | 9,286 | 1,809,099 | ||||||
United Parcel Service, Inc. Class B | 26,830 | 4,334,118 | ||||||
6,143,217 | ||||||||
19,317,648 | ||||||||
Technology — 24.6% | ||||||||
Computers — 7.0% | ||||||||
Amdocs Ltd. | 13,325 | 1,058,671 | ||||||
Apple, Inc. | 72,863 | 10,069,667 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Crowdstrike Holdings, Inc. Class A (a) | 3,439 | $ | 566,782 | |||||
11,695,120 | ||||||||
Semiconductors — 3.8% | ||||||||
Advanced Micro Devices, Inc. (a) | 35,044 | 2,220,388 | ||||||
Applied Materials, Inc. | 22,108 | 1,811,308 | ||||||
QUALCOMM, Inc. | 19,670 | 2,222,317 | ||||||
6,254,013 | ||||||||
Software — 13.8% | ||||||||
Electronic Arts, Inc. | 17,471 | 2,021,569 | ||||||
Fiserv, Inc. (a) | 25,047 | 2,343,648 | ||||||
Manhattan Associates, Inc. (a) | 7,989 | 1,062,777 | ||||||
Microsoft Corp. | 50,687 | 11,805,002 | ||||||
MongoDB, Inc. (a) | 1,971 | 391,362 | ||||||
ServiceNow, Inc. (a) | 3,454 | 1,304,265 | ||||||
Synopsys, Inc. (a) | 3,804 | 1,162,160 | ||||||
VMware, Inc. Class A | 27,905 | 2,970,766 | ||||||
23,061,549 | ||||||||
41,010,682 | ||||||||
Utilities — 2.9% | ||||||||
Electric — 2.9% | ||||||||
FirstEnergy Corp. | 83,941 | 3,105,817 | ||||||
The Southern Co. | 24,587 | 1,671,916 | ||||||
4,777,733 | ||||||||
TOTAL COMMON STOCK (Cost $173,418,013) | 163,792,346 | |||||||
TOTAL EQUITIES (Cost $173,418,013) | 163,792,346 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $173,418,013) | 163,792,346 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 2.0% | ||||||||
Repurchase Agreement — 2.0% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (c) | $ | 3,311,502 | $ | 3,311,502 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,311,502) | 3,311,502 | |||||||
TOTAL INVESTMENTS — 100.3% (Cost $176,729,515) (d) | 167,103,848 | |||||||
Other Assets/(Liabilities) — (0.3)% | (456,943) | |||||||
NET ASSETS — 100.0% | $ | 166,646,905 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Security is a Master Limited Partnership |
(c) | Maturity value of $3,311,731. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $3,377,812. |
(d) | See Note 3 for aggregate cost for federal tax purposes. |
MML Fundamental Value Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.1% | ||||||||
COMMON STOCK — 98.1% | ||||||||
Basic Materials — 2.9% | ||||||||
Chemicals — 2.9% | ||||||||
Axalta Coating Systems Ltd. (a) | 61,264 | $ | 1,290,220 | |||||
DuPont de Nemours, Inc. | 45,715 | 2,304,036 | ||||||
Olin Corp. | 20,480 | 878,182 | ||||||
4,472,438 | ||||||||
Communications — 7.5% | ||||||||
Internet — 4.1% | ||||||||
Alphabet, Inc. Class A (a) | 40,487 | 3,872,582 | ||||||
Meta Platforms, Inc. Class A (a) | 17,777 | 2,411,983 | ||||||
6,284,565 | ||||||||
Telecommunications — 3.4% | ||||||||
Cisco Systems, Inc. | 71,545 | 2,861,800 | ||||||
T-Mobile US, Inc. (a) | 17,396 | 2,334,021 | ||||||
5,195,821 | ||||||||
11,480,386 | ||||||||
Consumer, Cyclical — 3.8% | ||||||||
Distribution & Wholesale — 0.7% | ||||||||
LKQ Corp. | 24,441 | 1,152,393 | ||||||
Home Furnishing — 0.5% | ||||||||
Sony Group Corp. Sponsored ADR | 10,911 | 698,850 | ||||||
Retail — 2.6% | ||||||||
AutoZone, Inc. (a) | 1,856 | 3,975,422 | ||||||
5,826,665 | ||||||||
Consumer, Non-cyclical — 28.9% | ||||||||
Beverages — 2.7% | ||||||||
Coca-Cola Europacific Partners PLC | 27,125 | 1,156,067 | ||||||
Keurig Dr Pepper, Inc. | 85,096 | 3,048,139 | ||||||
4,204,206 | ||||||||
Commercial Services — 3.0% | ||||||||
FleetCor Technologies, Inc. (a) | 7,596 | 1,338,187 | ||||||
Global Payments, Inc. | 13,091 | 1,414,483 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
United Rentals, Inc. (a) | 6,669 | $ | 1,801,430 | |||||
4,554,100 | ||||||||
Food — 0.6% | ||||||||
US Foods Holding Corp. (a) | 34,084 | 901,181 | ||||||
Health Care – Products — 0.9% | ||||||||
Avantor, Inc. (a) | 69,845 | 1,368,962 | ||||||
Health Care – Services — 4.8% | ||||||||
Centene Corp. (a) | 39,703 | 3,089,290 | ||||||
ICON PLC (a) | 6,896 | 1,267,347 | ||||||
UnitedHealth Group, Inc. | 6,039 | 3,049,937 | ||||||
7,406,574 | ||||||||
Pharmaceuticals — 16.9% | ||||||||
AbbVie, Inc. | 20,513 | 2,753,050 | ||||||
AmerisourceBergen Corp. | 11,871 | 1,606,502 | ||||||
Bristol-Myers Squibb Co. | 44,891 | 3,191,301 | ||||||
Cigna Corp. | 13,069 | 3,626,255 | ||||||
CVS Health Corp. | 37,636 | 3,589,345 | ||||||
Johnson & Johnson | 38,447 | 6,280,702 | ||||||
McKesson Corp. | 2,031 | 690,276 | ||||||
Novartis AG Sponsored ADR | 11,349 | 862,638 | ||||||
Sanofi ADR | 84,524 | 3,213,603 | ||||||
25,813,672 | ||||||||
44,248,695 | ||||||||
Energy — 12.7% | ||||||||
Oil & Gas — 11.4% | ||||||||
Canadian Natural Resources Ltd. (b) | 42,193 | 1,964,928 | ||||||
Cenovus Energy, Inc. (b) | 102,750 | 1,579,267 | ||||||
ConocoPhillips | 54,211 | 5,547,954 | ||||||
Devon Energy Corp. | 30,623 | 1,841,361 | ||||||
EOG Resources, Inc. | 11,877 | 1,327,017 | ||||||
Marathon Petroleum Corp. | 27,048 | 2,686,678 | ||||||
Pioneer Natural Resources Co. | 11,677 | 2,528,421 | ||||||
17,475,626 | ||||||||
Oil & Gas Services — 1.3% | ||||||||
Schlumberger NV | 53,799 | 1,931,384 | ||||||
19,407,010 | ||||||||
Financial — 18.3% | ||||||||
Banks — 9.2% | ||||||||
Bank of America Corp. | 67,236 | 2,030,527 | ||||||
The Goldman Sachs Group, Inc. | 7,248 | 2,124,026 | ||||||
JP Morgan Chase & Co. | 49,445 | 5,167,003 | ||||||
Truist Financial Corp. | 33,597 | 1,462,813 | ||||||
Wells Fargo & Co. | 81,444 | 3,275,678 | ||||||
14,060,047 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Diversified Financial Services — 3.4% | ||||||||
Capital One Financial Corp. | 7,032 | $ | 648,139 | |||||
The Charles Schwab Corp. | 50,932 | 3,660,483 | ||||||
Intercontinental Exchange, Inc. | 10,097 | 912,264 | ||||||
5,220,886 | ||||||||
Insurance — 5.7% | ||||||||
The Allstate Corp. | 5,627 | 700,730 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 18,445 | 4,925,184 | ||||||
Chubb Ltd. | 9,785 | 1,779,696 | ||||||
Everest Re Group Ltd. | 4,910 | 1,288,581 | ||||||
8,694,191 | ||||||||
27,975,124 | ||||||||
Industrial — 11.8% | ||||||||
Aerospace & Defense — 2.2% | ||||||||
General Dynamics Corp. | 7,236 | 1,535,262 | ||||||
Howmet Aerospace, Inc. | 57,066 | 1,765,052 | ||||||
3,300,314 | ||||||||
Building Materials — 2.1% | ||||||||
CRH PLC Sponsored ADR (b) | 38,222 | 1,231,895 | ||||||
Masco Corp. | 23,019 | 1,074,757 | ||||||
Mohawk Industries, Inc. (a) | 10,617 | 968,164 | ||||||
3,274,816 | ||||||||
Electronics — 1.1% | ||||||||
Allegion PLC | 9,083 | 814,563 | ||||||
Fortive Corp. | 16,182 | 943,411 | ||||||
1,757,974 | ||||||||
Machinery – Construction & Mining — 0.7% | ||||||||
Caterpillar, Inc. | 6,748 | 1,107,212 | ||||||
Machinery – Diversified — 3.3% | ||||||||
Deere & Co. | 5,893 | 1,967,614 | ||||||
Dover Corp. | 6,288 | 733,055 | ||||||
Otis Worldwide Corp. | 22,128 | 1,411,766 | ||||||
Westinghouse Air Brake Technologies Corp. | 11,146 | 906,727 | ||||||
5,019,162 | ||||||||
Miscellaneous - Manufacturing — 1.3% | ||||||||
Eaton Corp. PLC | 14,446 | 1,926,519 | ||||||
Transportation — 1.1% | ||||||||
Union Pacific Corp. | 8,431 | 1,642,527 | ||||||
18,028,524 | ||||||||
Technology — 9.5% | ||||||||
Computers — 1.7% | ||||||||
Cognizant Technology Solutions Corp. Class A | 25,156 | 1,444,961 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Leidos Holdings, Inc. | 14,255 | $ | 1,246,885 | |||||
2,691,846 | ||||||||
Semiconductors — 5.4% | ||||||||
Applied Materials, Inc. | 14,929 | 1,223,133 | ||||||
Lam Research Corp. | 1,340 | 490,440 | ||||||
Microchip Technology, Inc. | 22,154 | 1,352,059 | ||||||
Micron Technology, Inc. | 23,696 | 1,187,169 | ||||||
NXP Semiconductor NV | 3,874 | 571,454 | ||||||
Qorvo, Inc. (a) | 11,587 | 920,124 | ||||||
QUALCOMM, Inc. | 22,597 | 2,553,009 | ||||||
8,297,388 | ||||||||
Software — 2.4% | ||||||||
Activision Blizzard, Inc. | 7,449 | 553,758 | ||||||
Fidelity National Information Services, Inc. | 24,921 | 1,883,280 | ||||||
SS&C Technologies Holdings, Inc | 24,585 | 1,173,934 | ||||||
3,610,972 | ||||||||
14,600,206 | ||||||||
Utilities — 2.7% | ||||||||
Electric — 2.7% | ||||||||
CenterPoint Energy, Inc. | 58,144 | 1,638,498 | ||||||
Dominion Energy, Inc. | 20,987 | 1,450,411 | ||||||
FirstEnergy Corp. | 26,871 | 994,228 | ||||||
4,083,137 | ||||||||
TOTAL COMMON STOCK (Cost $139,134,602) | 150,122,185 | |||||||
TOTAL EQUITIES (Cost $139,134,602) | 150,122,185 | |||||||
MUTUAL FUNDS — 2.4% | ||||||||
Diversified Financial Services — 2.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 3,596,687 | 3,596,687 | ||||||
TOTAL MUTUAL FUNDS (Cost $3,596,687) | 3,596,687 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $142,731,289) | 153,718,872 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.8% | ||||||||
Repurchase Agreement — 1.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (d) | $ | 2,819,113 | $ | 2,819,113 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,819,113) | 2,819,113 | |||||||
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
TOTAL INVESTMENTS — 102.3% (Cost $145,550,402) (e) | $ | 156,537,985 | ||||||
Other Assets/(Liabilities) — (2.3)% | (3,553,108) | |||||||
NET ASSETS — 100.0% | $ | 152,984,877 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $4,725,645 or 3.09% of net assets. The Fund received $1,253,446 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $2,819,308. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $2,875,520. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Global Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.7% | ||||||||
COMMON STOCK — 98.7% | ||||||||
Austria — 0.3% | ||||||||
Erste Group Bank AG | 14,738 | $ | 322,749 | |||||
Canada — 4.0% | ||||||||
Canadian National Railway Co. | 21,457 | 2,317,141 | ||||||
Canadian Pacific Railway Ltd. (a) | 39,771 | 2,653,521 | ||||||
4,970,662 | ||||||||
Denmark — 0.5% | ||||||||
Carlsberg A/S Class B | 5,640 | 658,072 | ||||||
France — 10.7% | ||||||||
Air Liquide SA | 8,878 | 1,010,909 | ||||||
Danone SA | 40,848 | 1,924,630 | ||||||
EssilorLuxottica SA | 3,436 | 465,563 | ||||||
Hermes International | 394 | 463,091 | ||||||
Legrand SA | 19,563 | 1,263,944 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 4,962 | 2,916,838 | ||||||
Pernod Ricard SA | 10,745 | 1,964,003 | ||||||
Schneider Electric SE | 29,427 | 3,301,442 | ||||||
13,310,420 | ||||||||
Germany — 3.9% | ||||||||
Bayer AG Registered | 28,998 | 1,338,198 | ||||||
Brenntag SE | 9,164 | 559,191 | ||||||
Deutsche Boerse AG | 4,480 | 737,574 | ||||||
Merck KGaA | 10,990 | 1,793,606 | ||||||
MTU Aero Engines AG | 3,105 | 468,555 | ||||||
4,897,124 | ||||||||
Ireland — 10.9% | ||||||||
Accenture PLC Class A | 12,355 | 3,178,942 | ||||||
Aon PLC Class A | 6,810 | 1,824,195 | ||||||
Linde PLC (b) | 9,776 | 2,673,412 | ||||||
Linde PLC | 2,148 | 579,079 | ||||||
Medtronic PLC | 39,765 | 3,211,024 | ||||||
Willis Towers Watson PLC | 10,417 | 2,093,192 | ||||||
13,559,844 | ||||||||
Israel — 1.0% | ||||||||
Check Point Software Technologies Ltd. (b) | 11,053 | 1,238,157 | ||||||
Japan — 1.9% | ||||||||
Hoya Corp. | 5,800 | 557,640 | ||||||
Kubota Corp. | 92,600 | 1,284,099 |
MML Global Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Olympus Corp. | 25,700 | $ | 494,618 | |||||
2,336,357 | ||||||||
Mexico — 0.3% | ||||||||
Grupo Financiero Banorte SAB de CV Class O | 55,381 | 354,761 | ||||||
Netherlands — 2.5% | ||||||||
Akzo Nobel NV | 16,742 | 944,184 | ||||||
Heineken NV | 22,300 | 1,954,963 | ||||||
Wolters Kluwer NV | 1,856 | 180,702 | ||||||
3,079,849 | ||||||||
Republic of Korea — 0.8% | ||||||||
Samsung Electronics Co. Ltd. | 26,179 | 961,904 | ||||||
Spain — 0.7% | ||||||||
Aena SME SA (b) (c) | 8,348 | 863,791 | ||||||
Sweden — 1.3% | ||||||||
Essity AB Class B | 83,175 | 1,641,808 | ||||||
Switzerland — 8.9% | ||||||||
Adecco Group AG Registered | 9,916 | 272,295 | ||||||
Cie Financiere Richemont SA Registered | 19,140 | 1,795,969 | ||||||
Julius Baer Group Ltd. (b) | 10,542 | 458,718 | ||||||
Nestle SA Registered | 28,386 | 3,073,625 | ||||||
Roche Holding AG | 11,372 | 3,707,943 | ||||||
Sonova Holding AG Registered | 1,731 | 380,664 | ||||||
UBS Group AG Registered | 97,080 | 1,402,415 | ||||||
11,091,629 | ||||||||
United Kingdom — 7.3% | ||||||||
Aptiv PLC (b) | 5,613 | 438,993 | ||||||
Burberry Group PLC | 42,946 | 856,391 | ||||||
Compass Group PLC | 34,424 | 688,109 | ||||||
Diageo PLC | 66,772 | 2,798,798 | ||||||
London Stock Exchange Group PLC | 9,625 | 811,614 | ||||||
Reckitt Benckiser Group PLC | 27,292 | 1,803,767 | ||||||
Rolls-Royce Holdings PLC (b) | 589,470 | 453,005 | ||||||
Whitbread PLC | 17,236 | 440,130 | ||||||
WPP PLC | 91,421 | 756,550 | ||||||
9,047,357 | ||||||||
United States — 43.7% | ||||||||
3M Co. | 11,816 | 1,305,668 | ||||||
Abbott Laboratories | 19,845 | 1,920,202 | ||||||
Alphabet, Inc. Class A (b) | 16,283 | 1,557,469 | ||||||
American Express Co. | 11,836 | 1,596,795 | ||||||
Amphenol Corp. Class A | 13,129 | 879,118 | ||||||
Boston Scientific Corp. (b) | 55,432 | 2,146,881 | ||||||
Carrier Global Corp. | 8,980 | 319,329 | ||||||
The Charles Schwab Corp. | 33,444 | 2,403,620 | ||||||
Cognizant Technology Solutions Corp. Class A | 22,572 | 1,296,536 | ||||||
Colgate-Palmolive Co. | 11,789 | 828,177 | ||||||
Comcast Corp. Class A | 92,334 | 2,708,156 | ||||||
The Cooper Cos., Inc. | 3,893 | 1,027,363 |
MML Global Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
eBay, Inc. | 23,928 | $ | 880,790 | |||||
Equifax, Inc. | 8,738 | 1,497,955 | ||||||
Fidelity National Information Services, Inc. | 21,999 | 1,662,464 | ||||||
Fiserv, Inc. (b) | 20,685 | 1,935,496 | ||||||
The Goldman Sachs Group, Inc. | 8,355 | 2,448,433 | ||||||
Honeywell International, Inc. | 15,858 | 2,647,810 | ||||||
International Flavors & Fragrances, Inc. | 15,697 | 1,425,759 | ||||||
Liberty Broadband Corp. Class C (b) | 20,748 | 1,531,202 | ||||||
Marriott International, Inc. Class A | 5,457 | 764,744 | ||||||
Microchip Technology, Inc. | 10,730 | 654,852 | ||||||
Omnicom Group, Inc. | 5,065 | 319,551 | ||||||
Oracle Corp. | 31,171 | 1,903,613 | ||||||
Otis Worldwide Corp. | 10,396 | 663,265 | ||||||
PayPal Holdings, Inc. (b) | 7,342 | 631,926 | ||||||
PPG Industries, Inc. | 12,837 | 1,420,928 | ||||||
Stryker Corp. | 10,696 | 2,166,368 | ||||||
Thermo Fisher Scientific, Inc. | 7,881 | 3,997,164 | ||||||
Union Pacific Corp. | 6,237 | 1,215,092 | ||||||
United Parcel Service, Inc. Class B | 8,345 | 1,348,051 | ||||||
Visa, Inc. Class A | 20,754 | 3,686,948 | ||||||
The Walt Disney Co. (b) | 18,831 | 1,776,328 | ||||||
Waters Corp. (b) | 3,848 | 1,037,152 | ||||||
Zimmer Biomet Holdings, Inc. | 6,964 | 728,086 | ||||||
54,333,291 | ||||||||
TOTAL COMMON STOCK (Cost $124,045,610) | 122,667,775 | |||||||
TOTAL EQUITIES (Cost $124,045,610) | 122,667,775 | |||||||
MUTUAL FUNDS — 1.5% | ||||||||
United States — 1.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 1,865,477 | 1,865,477 | ||||||
TOTAL MUTUAL FUNDS (Cost $1,865,477) | 1,865,477 | |||||||
WARRANTS — 0.0% | ||||||||
Switzerland — 0.0% | ||||||||
Cie Financiere Richemont SA, Expires 11/22/23, Strike 67.00 (b) | 105,484 | 47,039 | ||||||
TOTAL WARRANTS (Cost $0) | 47,039 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $125,911,087) | 124,580,291 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.8% | ||||||||
Repurchase Agreement — 0.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (e) | $ | 967,743 | $ | 967,743 |
MML Global Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $967,743) | $ | 967,743 | ||||||
TOTAL INVESTMENTS — 101.0% (Cost $126,878,830) (f) | 125,548,034 | |||||||
Other Assets/(Liabilities) — (1.0)% | (1,293,313) | |||||||
NET ASSETS — 100.0% | $ | 124,254,721 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $1,823,658 or 1.47% of net assets. (Note 2). |
(b) | Non-income producing security. |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2022, the aggregate market value of these securities amounted to $863,791 or 0.70% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $967,810. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $987,120. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Income & Growth Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.2% | ||||||||
COMMON STOCK — 98.2% | ||||||||
Basic Materials — 7.7% | ||||||||
Chemicals — 7.7% | ||||||||
Air Products & Chemicals, Inc. | 23,729 | $ | 5,522,450 | |||||
Axalta Coating Systems Ltd. (a) | 68,748 | 1,447,833 | ||||||
DuPont de Nemours, Inc. | 59,006 | 2,973,903 | ||||||
Element Solutions, Inc. | 79,007 | 1,285,444 | ||||||
International Flavors & Fragrances, Inc. | 44,946 | 4,082,445 | ||||||
15,312,075 | ||||||||
Communications — 2.7% | ||||||||
Media — 1.8% | ||||||||
Altice USA, Inc. Class A (a) | 61,441 | 358,201 | ||||||
Comcast Corp. Class A | 108,933 | 3,195,005 | ||||||
3,553,206 | ||||||||
Telecommunications — 0.9% | ||||||||
T-Mobile US, Inc. (a) | 14,390 | 1,930,706 | ||||||
5,483,912 | ||||||||
Consumer, Cyclical — 5.7% | ||||||||
Entertainment — 1.0% | ||||||||
Marriott Vacations Worldwide Corp. | 6,557 | 799,036 | ||||||
SeaWorld Entertainment, Inc. (a) | 26,412 | 1,202,010 | ||||||
2,001,046 | ||||||||
Food Services — 0.7% | ||||||||
Aramark | 47,664 | 1,487,117 | ||||||
Lodging — 1.3% | ||||||||
Las Vegas Sands Corp. (a) | 46,470 | 1,743,555 | ||||||
MGM Resorts International | 29,732 | 883,635 | ||||||
2,627,190 | ||||||||
Retail — 2.7% | ||||||||
Advance Auto Parts, Inc. | 18,061 | 2,823,657 | ||||||
Dollar General Corp. | 8,150 | 1,954,859 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Lithia Motors, Inc. | 2,799 | $ | 600,525 | |||||
5,379,041 | ||||||||
11,494,394 | ||||||||
Consumer, Non-cyclical — 28.7% | ||||||||
Agriculture — 2.5% | ||||||||
Philip Morris International, Inc. | 61,142 | 5,075,397 | ||||||
Beverages — 2.4% | ||||||||
Coca-Cola Europacific Partners PLC | 71,784 | 3,059,434 | ||||||
Molson Coors Beverage Co. Class B | 38,097 | 1,828,275 | ||||||
4,887,709 | ||||||||
Biotechnology — 0.4% | ||||||||
Corteva, Inc. | 14,423 | 824,275 | ||||||
Commercial Services — 0.1% | ||||||||
PROG Holdings, Inc. (a) | 18,286 | 273,924 | ||||||
Cosmetics & Personal Care — 1.0% | ||||||||
The Procter & Gamble Co. | 14,953 | 1,887,816 | ||||||
Health Care – Products — 3.7% | ||||||||
Envista Holdings Corp. (a) | 31,821 | 1,044,047 | ||||||
Hologic, Inc. (a) | 18,546 | 1,196,588 | ||||||
LivaNova PLC (a) | 17,752 | 901,269 | ||||||
Medtronic PLC | 51,572 | 4,164,439 | ||||||
7,306,343 | ||||||||
Health Care – Services — 6.0% | ||||||||
Elevance Health, Inc. | 4,866 | 2,210,332 | ||||||
Humana, Inc. | 6,775 | 3,287,162 | ||||||
UnitedHealth Group, Inc. | 13,035 | 6,583,197 | ||||||
12,080,691 | ||||||||
Pharmaceuticals — 12.6% | ||||||||
Becton Dickinson and Co. | 9,997 | 2,227,632 | ||||||
Cigna Corp. | 19,567 | 5,429,255 | ||||||
CVS Health Corp. | 53,636 | 5,115,265 | ||||||
Johnson & Johnson | 10,903 | 1,781,114 | ||||||
Merck & Co., Inc. | 87,151 | 7,505,444 | ||||||
Perrigo Co. PLC | 85,660 | 3,054,636 | ||||||
25,113,346 | ||||||||
57,449,501 | ||||||||
Energy — 9.4% | ||||||||
Oil & Gas — 7.3% | ||||||||
Hess Corp. | 50,487 | 5,502,578 | ||||||
Phillips 66 | 71,072 | 5,736,932 | ||||||
Pioneer Natural Resources Co. | 9,860 | 2,134,986 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Valero Energy Corp. | 11,987 | $ | 1,280,811 | |||||
14,655,307 | ||||||||
Oil & Gas Services — 0.6% | ||||||||
Halliburton Co. | 49,756 | 1,224,993 | ||||||
Pipelines — 1.5% | ||||||||
Enbridge, Inc. | 80,560 | 2,988,776 | ||||||
18,869,076 | ||||||||
Financial — 19.8% | ||||||||
Banks — 8.4% | ||||||||
JP Morgan Chase & Co. | 29,268 | 3,058,506 | ||||||
M&T Bank Corp. | 11,899 | 2,098,032 | ||||||
Northern Trust Corp. | 38,081 | 3,258,210 | ||||||
US Bancorp | 83,276 | 3,357,688 | ||||||
Wells Fargo & Co. | 123,938 | 4,984,787 | ||||||
16,757,223 | ||||||||
Diversified Financial Services — 0.8% | ||||||||
AerCap Holdings NV (a) | 18,884 | 799,360 | ||||||
American Express Co. | 6,616 | 892,564 | ||||||
1,691,924 | ||||||||
Insurance — 7.8% | ||||||||
The Allstate Corp. | 41,959 | 5,225,154 | ||||||
American International Group, Inc. | 30,729 | 1,459,013 | ||||||
Axis Capital Holdings Ltd. | 21,227 | 1,043,307 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 5,866 | 1,566,339 | ||||||
Chubb Ltd. | 26,126 | 4,751,797 | ||||||
Willis Towers Watson PLC | 8,077 | 1,622,993 | ||||||
15,668,603 | ||||||||
Real Estate — 0.3% | ||||||||
The Howard Hughes Corp. (a) | 12,128 | 671,770 | ||||||
Real Estate Investment Trusts (REITS) — 2.5% | ||||||||
Corporate Office Properties Trust | 109,459 | 2,542,732 | ||||||
VICI Properties, Inc. | 78,886 | 2,354,747 | ||||||
4,897,479 | ||||||||
39,686,999 | ||||||||
Industrial — 12.4% | ||||||||
Aerospace & Defense — 3.9% | ||||||||
General Dynamics Corp. | 12,251 | 2,599,295 | ||||||
Raytheon Technologies Corp. | 63,257 | 5,178,218 | ||||||
7,777,513 | ||||||||
Building Materials — 0.9% | ||||||||
MDU Resources Group, Inc. | 66,722 | 1,824,847 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Engineering & Construction — 1.3% | ||||||||
AECOM | 23,607 | $ | 1,614,011 | |||||
Jacobs Solutions, Inc. | 9,125 | 989,971 | ||||||
2,603,982 | ||||||||
Hand & Machine Tools — 1.4% | ||||||||
Stanley Black & Decker, Inc. | 37,130 | 2,792,547 | ||||||
Machinery – Construction & Mining — 1.5% | ||||||||
BWX Technologies, Inc. | 30,535 | 1,538,048 | ||||||
Vertiv Holdings Co. | 149,941 | 1,457,426 | ||||||
2,995,474 | ||||||||
Machinery – Diversified — 2.5% | ||||||||
Deere & Co. | 15,065 | 5,030,053 | ||||||
Transportation — 0.9% | ||||||||
J.B. Hunt Transport Services, Inc. | 10,922 | 1,708,419 | ||||||
24,732,835 | ||||||||
Technology — 6.8% | ||||||||
Computers — 1.3% | ||||||||
CACI International, Inc. Class A (a) | 5,543 | 1,447,056 | ||||||
Cognizant Technology Solutions Corp. Class A | 20,205 | 1,160,575 | ||||||
2,607,631 | ||||||||
Semiconductors — 1.9% | ||||||||
Broadcom, Inc. | 3,035 | 1,347,570 | ||||||
Microchip Technology, Inc. | 17,850 | 1,089,385 | ||||||
QUALCOMM, Inc. | 11,470 | 1,295,881 | ||||||
3,732,836 | ||||||||
Software — 3.6% | ||||||||
Electronic Arts, Inc. | 14,401 | 1,666,340 | ||||||
Fidelity National Information Services, Inc. | 18,069 | 1,365,474 | ||||||
Oracle Corp. | 69,328 | 4,233,861 | ||||||
7,265,675 | ||||||||
13,606,142 | ||||||||
Utilities — 5.0% | ||||||||
Electric — 5.0% | ||||||||
CenterPoint Energy, Inc. | 54,995 | 1,549,759 | ||||||
Entergy Corp. | 38,510 | 3,875,261 | ||||||
Exelon Corp. | 35,511 | 1,330,242 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Pinnacle West Capital Corp. | 50,439 | $ | 3,253,820 | |||||
10,009,082 | ||||||||
TOTAL COMMON STOCK (Cost $186,154,322) | 196,644,016 | |||||||
TOTAL EQUITIES (Cost $186,154,322) | 196,644,016 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $186,154,322) | 196,644,016 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.7% | ||||||||
Repurchase Agreement — 1.7% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (b) | $ | 3,347,244 | 3,347,244 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,347,244) | 3,347,244 | |||||||
TOTAL INVESTMENTS — 99.9% (Cost $189,501,566) (c) | 199,991,260 | |||||||
Other Assets/(Liabilities) — 0.1% | 204,632 | |||||||
NET ASSETS — 100.0% | $ | 200,195,892 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Maturity value of $3,347,476. Collateralized by U.S. Government Agency obligations with rates ranging from 0.000% - 3.500%, maturity dates ranging from 3/30/23 - 9/15/25, and an aggregate market value, including accrued interest, of $3,414,247. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML International Equity Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.6% | ||||||||
COMMON STOCK — 98.2% | ||||||||
Australia — 0.4% | ||||||||
Brambles Ltd. | 33,240 | $ | 241,177 | |||||
Orica Ltd. | 58,686 | 492,717 | ||||||
733,894 | ||||||||
Belgium — 0.9% | ||||||||
Anheuser-Busch InBev SA | 21,400 | 968,093 | ||||||
KBC Group NV | 16,013 | 751,149 | ||||||
1,719,242 | ||||||||
Canada — 3.7% | ||||||||
Canadian National Railway Co. | 20,601 | 2,224,702 | ||||||
Intact Financial Corp. | 7,986 | 1,130,187 | ||||||
Open Text Corp. | 28,900 | 763,846 | ||||||
Restaurant Brands International, Inc. | 6,700 | 356,306 | ||||||
Suncor Energy, Inc. | 31,381 | 883,716 | ||||||
The Toronto-Dominion Bank | 23,338 | 1,431,350 | ||||||
6,790,107 | ||||||||
Cayman Islands — 2.1% | ||||||||
Alibaba Group Holding Ltd. (a) | 119,140 | 1,195,081 | ||||||
NetEase, Inc. | 43,900 | 666,650 | ||||||
Tencent Holdings Ltd. | 34,800 | 1,175,265 | ||||||
Trip.com Group Ltd. (a) | 6,600 | 180,293 | ||||||
Vipshop Holdings Ltd. ADR (a) | 70,464 | 592,602 | ||||||
3,809,891 | ||||||||
Denmark — 2.6% | ||||||||
Carlsberg A/S Class B | 9,884 | 1,153,260 | ||||||
DSV A/S | 5,180 | 600,394 | ||||||
Novo Nordisk A/S Class B | 29,553 | 2,945,666 | ||||||
4,699,320 | ||||||||
Finland — 0.3% | ||||||||
UPM-Kymmene OYJ | 14,100 | 448,061 | ||||||
France — 17.6% | ||||||||
Accor SA (a) | 53,200 | 1,110,746 | ||||||
Air Liquide SA | 28,242 | 3,215,826 | ||||||
BNP Paribas SA | 44,776 | 1,890,324 | ||||||
Capgemini SE | 21,293 | 3,402,846 | ||||||
Cie de Saint-Gobain | 23,266 | 829,755 | ||||||
Cie Generale des Etablissements Michelin SCA | 35,739 | 796,226 | ||||||
Danone SA | 14,600 | 687,906 | ||||||
Dassault Systemes SE | 22,681 | 779,630 | ||||||
Edenred | 12,100 | 556,154 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Engie SA | 143,096 | $ | 1,641,861 | |||||
EssilorLuxottica SA | 13,771 | 1,865,910 | ||||||
Kering SA | 1,740 | 769,461 | ||||||
L'Oreal SA | 3,421 | 1,089,308 | ||||||
Legrand SA | 16,326 | 1,054,805 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 5,350 | 3,144,917 | ||||||
Pernod Ricard SA | 13,539 | 2,474,699 | ||||||
Publicis Groupe SA | 22,751 | 1,076,528 | ||||||
Schneider Electric SE | 32,073 | 3,598,299 | ||||||
Valeo | 51,586 | 775,357 | ||||||
Worldline SA (a) (b) | 36,100 | 1,411,696 | ||||||
32,172,254 | ||||||||
Germany — 15.0% | ||||||||
adidas AG | 9,100 | 1,056,060 | ||||||
Allianz SE Registered | 9,595 | 1,518,415 | ||||||
Bayer AG Registered | 71,781 | 3,312,544 | ||||||
Bayerische Motoren Werke AG | 22,755 | 1,555,740 | ||||||
Beiersdorf AG | 23,995 | 2,374,443 | ||||||
Continental AG | 27,720 | 1,245,418 | ||||||
Daimler Truck Holding AG (a) | 47,449 | 1,085,914 | ||||||
Deutsche Boerse AG | 16,376 | 2,696,096 | ||||||
Fresenius Medical Care AG & Co. KGaA | 20,000 | 568,459 | ||||||
Fresenius SE & Co. KGaA | 54,200 | 1,160,924 | ||||||
Henkel AG & Co. KGaA | 16,100 | 918,964 | ||||||
Mercedes-Benz Group AG | 32,798 | 1,677,213 | ||||||
Merck KGaA | 15,559 | 2,539,282 | ||||||
MTU Aero Engines AG | 4,321 | 652,054 | ||||||
SAP SE | 41,169 | 3,393,759 | ||||||
Siemens AG Registered | 11,140 | 1,102,565 | ||||||
thyssenkrupp AG (a) | 137,574 | 587,818 | ||||||
27,445,668 | ||||||||
Hong Kong — 1.5% | ||||||||
AIA Group Ltd. | 331,800 | 2,754,788 | ||||||
India — 0.6% | ||||||||
Axis Bank Ltd. | 42,382 | 379,441 | ||||||
HDFC Bank Ltd. ADR | 11,690 | 682,930 | ||||||
1,062,371 | ||||||||
Ireland — 2.2% | ||||||||
Linde PLC (a) | 6,369 | 1,741,711 | ||||||
Ryanair Holdings PLC Sponsored ADR (a) | 37,595 | 2,196,300 | ||||||
3,938,011 | ||||||||
Israel — 1.0% | ||||||||
Check Point Software Technologies Ltd. (a) | 16,144 | 1,808,451 | ||||||
Italy — 2.5% | ||||||||
Eni SpA | 120,847 | 1,283,842 | ||||||
Intesa Sanpaolo SpA | 1,948,940 | 3,207,795 | ||||||
Intesa Sanpaolo SpA | 12,000 | 19,820 | ||||||
4,511,457 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Japan — 10.8% | ||||||||
Daikin Industries Ltd. | 14,200 | $ | 2,194,185 | |||||
Denso Corp. (c) | 21,800 | 995,038 | ||||||
Fujitsu Ltd. | 400 | 43,626 | ||||||
Hitachi Ltd. (c) | 63,000 | 2,667,563 | ||||||
Hoya Corp. | 17,600 | 1,692,150 | ||||||
Koito Manufacturing Co. Ltd. | 47,600 | 652,327 | ||||||
Komatsu Ltd. | 28,800 | 520,817 | ||||||
Kose Corp. | 10,800 | 1,099,394 | ||||||
Kubota Corp. | 112,900 | 1,565,602 | ||||||
Kyocera Corp. | 33,700 | 1,703,490 | ||||||
Olympus Corp. | 97,800 | 1,882,242 | ||||||
Shin-Etsu Chemical Co. Ltd. | 6,400 | 635,543 | ||||||
SMC Corp. | 2,800 | 1,129,584 | ||||||
Sony Group Corp. | 23,200 | 1,493,206 | ||||||
Terumo Corp. | 54,500 | 1,537,912 | ||||||
19,812,679 | ||||||||
Mexico — 0.2% | ||||||||
Grupo Televisa SAB Sponsored ADR | 71,800 | 386,284 | ||||||
Netherlands — 4.5% | ||||||||
CNH Industrial NV | 109,953 | 1,227,524 | ||||||
Exor N.V. (a) (e) | 20,920 | 1,342,513 | ||||||
ING Groep NV | 132,546 | 1,136,491 | ||||||
Koninklijke Philips NV | 49,244 | 760,650 | ||||||
Prosus NV (a) | 29,123 | 1,517,714 | ||||||
QIAGEN NV (a) | 29,924 | 1,259,254 | ||||||
Randstad NV (c) | 23,579 | 1,019,625 | ||||||
8,263,771 | ||||||||
Portugal — 0.5% | ||||||||
Galp Energia SGPS SA | 91,005 | 872,188 | ||||||
Republic of Korea — 0.4% | ||||||||
NAVER Corp. | 5,200 | 693,037 | ||||||
Singapore — 1.0% | ||||||||
DBS Group Holdings, Ltd. | 81,500 | 1,884,277 | ||||||
Spain — 0.9% | ||||||||
Amadeus IT Group SA (a) | 37,269 | 1,725,143 | ||||||
Sweden — 1.4% | ||||||||
Hennes & Mauritz AB Class B (c) | 87,764 | 811,117 | ||||||
SKF AB Class B | 69,800 | 933,362 | ||||||
Volvo AB Class B | 52,170 | 736,132 | ||||||
2,480,611 | ||||||||
Switzerland — 13.7% | ||||||||
Cie Financiere Richemont SA Registered | 25,987 | 2,438,446 | ||||||
Credit Suisse Group AG Registered (a) | 323,219 | 1,273,841 | ||||||
Holcim AG (a) | 27,459 | 1,120,265 | ||||||
Julius Baer Group Ltd. (a) | 20,418 | 888,456 | ||||||
Nestle SA Registered | 47,322 | 5,124,008 | ||||||
Novartis AG Registered | 35,377 | 2,696,904 | ||||||
Roche Holding AG | 15,278 | 4,981,530 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Schindler Holding AG | 1,965 | $ | 304,808 | |||||
Sika AG Registered | 5,394 | 1,080,139 | ||||||
The Swatch Group AG | 2,415 | 542,360 | ||||||
UBS Group AG Registered | 178,038 | 2,571,931 | ||||||
Zurich Insurance Group AG | 5,086 | 2,021,809 | ||||||
25,044,497 | ||||||||
Taiwan — 0.9% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 24,271 | 1,664,020 | ||||||
United Kingdom — 12.9% | ||||||||
Ashtead Group PLC | 12,700 | 567,003 | ||||||
Compass Group PLC | 144,773 | 2,893,898 | ||||||
Diageo PLC | 54,202 | 2,271,917 | ||||||
Experian PLC | 70,982 | 2,080,994 | ||||||
Glencore PLC | 224,344 | 1,184,657 | ||||||
Informa PLC | 96,300 | 554,792 | ||||||
Liberty Global PLC Class A (a) | 43,500 | 678,165 | ||||||
Lloyds Banking Group PLC | 3,772,484 | 1,723,513 | ||||||
London Stock Exchange Group PLC | 14,148 | 1,193,009 | ||||||
Prudential PLC | 187,986 | 1,846,977 | ||||||
Reckitt Benckiser Group PLC | 24,126 | 1,594,521 | ||||||
RELX PLC | 86,197 | 2,104,295 | ||||||
Rio Tinto PLC | 22,473 | 1,217,217 | ||||||
Rolls-Royce Holdings PLC (a) | 859,394 | 660,441 | ||||||
Schroders PLC | 206,617 | 894,543 | ||||||
Smiths Group PLC | 21,259 | 356,291 | ||||||
Tesco PLC | 454,257 | 1,040,121 | ||||||
WPP PLC | 95,192 | 787,757 | ||||||
23,650,111 | ||||||||
United States — 0.6% | ||||||||
Yum China Holdings, Inc. | 23,949 | 1,133,506 | ||||||
TOTAL COMMON STOCK (Cost $240,548,003) | 179,503,639 | |||||||
PREFERRED STOCK — 0.4% | ||||||||
Republic of Korea — 0.4% | ||||||||
Samsung Electronics Co. Ltd. 1.760% | 24,000 | 780,924 | ||||||
TOTAL PREFERRED STOCK (Cost $1,328,232) | 780,924 | |||||||
TOTAL EQUITIES (Cost $241,876,235) | 180,284,563 | |||||||
MUTUAL FUNDS — 1.1% | ||||||||
United States — 1.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 1,946,139 | 1,946,139 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
TOTAL MUTUAL FUNDS (Cost $1,946,139) | $ | 1,946,139 | ||||||
TOTAL LONG-TERM INVESTMENTS (Cost $243,822,374) | 182,230,702 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.1% | ||||||||
Repurchase Agreement — 1.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (f) | $ | 2,108,048 | $ | 2,108,048 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,108,048) | 2,108,048 | |||||||
TOTAL INVESTMENTS — 100.8% (Cost $245,930,422) (g) | 184,338,750 | |||||||
Other Assets/(Liabilities) — (0.8)% | (1,471,882) | |||||||
NET ASSETS — 100.0% | $ | 182,866,868 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2022, the aggregate market value of these securities amounted to $1,411,696 or 0.77% of net assets. |
(c) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $3,505,083 or 1.92% of net assets. The Fund received $1,740,190 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2022, these securities amounted to a value of $1,342,513 or 0.73% of net assets. |
(f) | Maturity value of $2,108,194. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $2,150,239. |
(g) | See Note 3 for aggregate cost for federal tax purposes. |
MML Large Cap Growth Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.1% | ||||||||
COMMON STOCK — 99.1% | ||||||||
Communications — 27.9% | ||||||||
Internet — 22.8% | ||||||||
Alibaba Group Holding Ltd. Sponsored ADR (a) | 25,460 | $ | 2,036,545 | |||||
Alphabet, Inc. Class A (a) | 52,400 | 5,012,060 | ||||||
Alphabet, Inc. Class C (a) | 49,879 | 4,795,866 | ||||||
Amazon.com, Inc. (a) | 74,460 | 8,413,980 | ||||||
Meta Platforms, Inc. Class A (a) | 44,974 | 6,102,072 | ||||||
Netflix, Inc. (a) | 22,060 | 5,193,807 | ||||||
Shopify, Inc. Class A (a) | 65,721 | 1,770,524 | ||||||
33,324,854 | ||||||||
Media — 5.1% | ||||||||
FactSet Research Systems, Inc. | 7,925 | 3,170,872 | ||||||
The Walt Disney Co. (a) | 45,383 | 4,280,978 | ||||||
7,451,850 | ||||||||
40,776,704 | ||||||||
Consumer, Cyclical — 8.2% | ||||||||
Auto Manufacturers — 3.5% | ||||||||
Tesla, Inc. (a) | 19,148 | 5,079,007 | ||||||
Retail — 4.7% | ||||||||
Starbucks Corp. | 42,408 | 3,573,298 | ||||||
Yum China Holdings, Inc. | 24,152 | 1,143,114 | ||||||
Yum! Brands, Inc. | 20,786 | 2,210,383 | ||||||
6,926,795 | ||||||||
12,005,802 | ||||||||
Consumer, Non-cyclical — 24.2% | ||||||||
Beverages — 4.0% | ||||||||
Monster Beverage Corp. (a) | 67,593 | 5,877,887 | ||||||
Biotechnology — 9.0% | ||||||||
Illumina, Inc. (a) | 15,282 | 2,915,652 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 7,186 | 4,950,220 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 18,133 | 5,250,229 | ||||||
13,116,101 | ||||||||
Commercial Services — 2.7% | ||||||||
Block, Inc. (a) | 28,126 | 1,546,649 |
MML Large Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
PayPal Holdings, Inc. (a) | 28,526 | $ | 2,455,233 | |||||
4,001,882 | ||||||||
Health Care – Products — 1.2% | ||||||||
Intuitive Surgical, Inc. (a) | 9,254 | 1,734,570 | ||||||
Pharmaceuticals — 7.3% | ||||||||
Novartis AG Sponsored ADR | 61,860 | 4,701,979 | ||||||
Novo Nordisk A/S Sponsored ADR | 22,576 | 2,249,247 | ||||||
Roche Holding AG Sponsored ADR | 90,146 | 3,661,730 | ||||||
10,612,956 | ||||||||
35,343,396 | ||||||||
Financial — 7.7% | ||||||||
Diversified Financial Services — 7.7% | ||||||||
SEI Investments Co. | 45,080 | 2,211,174 | ||||||
Visa, Inc. Class A | 50,507 | 8,972,569 | ||||||
11,183,743 | ||||||||
11,183,743 | ||||||||
Industrial — 7.8% | ||||||||
Aerospace & Defense — 4.4% | ||||||||
The Boeing Co. (a) | 52,418 | 6,346,771 | ||||||
Machinery – Diversified — 1.8% | ||||||||
Deere & Co. | 7,989 | 2,667,447 | ||||||
Transportation — 1.6% | ||||||||
Expeditors International of Washington, Inc. | 27,093 | 2,392,583 | ||||||
11,406,801 | ||||||||
Technology — 23.3% | ||||||||
Semiconductors — 6.3% | ||||||||
NVIDIA Corp. | 49,456 | 6,003,464 | ||||||
QUALCOMM, Inc. | 29,080 | 3,285,458 | ||||||
9,288,922 | ||||||||
Software — 17.0% | ||||||||
Autodesk, Inc. (a) | 30,295 | 5,659,106 | ||||||
Microsoft Corp. | 32,435 | 7,554,112 | ||||||
Oracle Corp. | 91,110 | 5,564,088 | ||||||
Salesforce, Inc. (a) | 30,620 | 4,404,381 |
MML Large Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Workday, Inc. Class A (a) | 10,556 | $ | 1,606,834 | |||||
24,788,521 | ||||||||
34,077,443 | ||||||||
TOTAL COMMON STOCK (Cost $156,959,993) | 144,793,889 | |||||||
TOTAL EQUITIES (Cost $156,959,993) | 144,793,889 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $156,959,993) | 144,793,889 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.9% | ||||||||
Repurchase Agreement — 0.9% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (b) | $ | 1,288,243 | $ | 1,288,243 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,288,243) | 1,288,243 | |||||||
TOTAL INVESTMENTS — 100.0% (Cost $158,248,236) (c) | 146,082,132 | |||||||
Other Assets/(Liabilities) — (0.0)% | (53,912) | |||||||
NET ASSETS — 100.0% | $ | 146,028,220 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Maturity value of $1,288,332. Collateralized by U.S. Government Agency obligations with a rate of 3.500%, maturity date of 9/15/25, and an aggregate market value, including accrued interest, of $1,314,044. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Managed Volatility Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 94.2% | ||||||||
COMMON STOCK — 94.2% | ||||||||
Basic Materials — 1.9% | ||||||||
Chemicals — 1.6% | ||||||||
Air Products & Chemicals, Inc. (a) | 715 | $ | 166,402 | |||||
Albemarle Corp. (a) | 367 | 97,050 | ||||||
Celanese Corp. (a) | 307 | 27,734 | ||||||
CF Industries Holdings, Inc. (a) | 654 | 62,948 | ||||||
Dow, Inc. (a) | 2,337 | 102,664 | ||||||
DuPont de Nemours, Inc. (a) | 1,606 | 80,942 | ||||||
Eastman Chemical Co. (a) | 421 | 29,912 | ||||||
Ecolab, Inc. (a) | 799 | 115,392 | ||||||
FMC Corp. (a) | 432 | 45,662 | ||||||
International Flavors & Fragrances, Inc. (a) | 794 | 72,119 | ||||||
Linde PLC (a) | 1,590 | 428,648 | ||||||
LyondellBasell Industries NV Class A (a) | 766 | 57,665 | ||||||
The Mosaic Co. (a) | 1,085 | 52,438 | ||||||
PPG Industries, Inc. (a) | 760 | 84,124 | ||||||
The Sherwin-Williams Co. (a) | 755 | 154,586 | ||||||
1,578,286 | ||||||||
Forest Products & Paper — 0.0% | ||||||||
International Paper Co. (a) | 1,124 | 35,631 | ||||||
Iron & Steel — 0.1% | ||||||||
Nucor Corp. (a) | 835 | 89,337 | ||||||
Mining — 0.2% | ||||||||
Freeport-McMoRan, Inc. (a) | 4,545 | 124,215 | ||||||
Newmont Corp. (a) | 2,554 | 107,344 | ||||||
231,559 | ||||||||
1,934,813 | ||||||||
Communications — 11.8% | ||||||||
Advertising — 0.1% | ||||||||
The Interpublic Group of Cos., Inc. (a) | 1,250 | 32,000 | ||||||
Omnicom Group, Inc. (a) | 699 | 44,100 | ||||||
76,100 | ||||||||
Internet — 8.5% | ||||||||
Alphabet, Inc. Class A (a) (b) | 19,088 | 1,825,767 | ||||||
Alphabet, Inc. Class C (a) (b) | 17,119 | 1,645,992 | ||||||
Amazon.com, Inc. (a) (b) | 28,262 | 3,193,606 | ||||||
Booking Holdings, Inc. (a) (b) | 129 | 211,974 | ||||||
CDW Corp. (a) | 445 | 69,456 | ||||||
eBay, Inc. (a) | 1,792 | 65,963 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Etsy, Inc. (a) (b) | 397 | $ | 39,752 | |||||
Expedia Group, Inc. (a) (b) | 508 | 47,594 | ||||||
F5, Inc. (a) (b) | 212 | 30,683 | ||||||
Match Group, Inc. (a) (b) | 941 | 44,933 | ||||||
Meta Platforms, Inc. Class A (a) (b) | 7,285 | 988,429 | ||||||
Netflix, Inc. (a) (b) | 1,407 | 331,264 | ||||||
NortonLifeLock, Inc. (a) | 1,956 | 39,394 | ||||||
Twitter, Inc. (a) (b) | 2,135 | 93,598 | ||||||
VeriSign, Inc. (a) (b) | 313 | 54,368 | ||||||
8,682,773 | ||||||||
Media — 1.3% | ||||||||
Charter Communications, Inc. Class A (a) (b) | 352 | 106,779 | ||||||
Comcast Corp. Class A (a) | 14,169 | 415,577 | ||||||
DISH Network Corp. Class A (a) (b) | 884 | 12,226 | ||||||
FactSet Research Systems, Inc. (a) | 130 | 52,014 | ||||||
Fox Corp. Class A (a) | 576 | 17,672 | ||||||
Fox Corp. Class B (a) | 818 | 23,313 | ||||||
News Corp. Class A (a) | 837 | 12,647 | ||||||
News Corp. Class B (a) | 716 | 11,041 | ||||||
Paramount Global Class B (a) | 1,595 | 30,369 | ||||||
The Walt Disney Co. (a) (b) | 5,770 | 544,284 | ||||||
Warner Bros Discovery, Inc. (a) (b) | 6,963 | 80,074 | ||||||
1,305,996 | ||||||||
Telecommunications — 1.9% | ||||||||
Arista Networks, Inc. (a) (b) | 772 | 87,151 | ||||||
AT&T, Inc. (a) | 22,652 | 347,482 | ||||||
Cisco Systems, Inc. (a) | 13,149 | 525,960 | ||||||
Corning, Inc. (a) | 2,489 | 72,231 | ||||||
Juniper Networks, Inc. (a) | 1,049 | 27,400 | ||||||
Lumen Technologies, Inc. (a) | 3,054 | 22,233 | ||||||
Motorola Solutions, Inc. (a) | 548 | 122,736 | ||||||
T-Mobile US, Inc. (a) (b) | 1,914 | 256,801 | ||||||
Verizon Communications, Inc. (a) | 13,293 | 504,735 | ||||||
1,966,729 | ||||||||
12,031,598 | ||||||||
Consumer, Cyclical — 9.4% | ||||||||
Airlines — 0.2% | ||||||||
Alaska Air Group, Inc. (a) (b) | 399 | 15,621 | ||||||
American Airlines Group, Inc. (a) (b) | 2,059 | 24,790 | ||||||
Delta Air Lines, Inc. (a) (b) | 2,045 | 57,383 | ||||||
Southwest Airlines Co. (a) (b) | 1,855 | 57,208 | ||||||
United Airlines Holdings, Inc. (a) (b) | 999 | 32,498 | ||||||
187,500 | ||||||||
Apparel — 0.4% | ||||||||
NIKE, Inc. Class B (a) | 4,016 | 333,810 | ||||||
Ralph Lauren Corp. (a) | 181 | 15,372 | ||||||
Tapestry, Inc. (a) | 845 | 24,023 | ||||||
VF Corp. (a) | 995 | 29,761 | ||||||
402,966 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Auto Manufacturers — 2.6% | ||||||||
Cummins, Inc. (a) | 444 | $ | 90,358 | |||||
Ford Motor Co. (a) | 12,778 | 143,114 | ||||||
General Motors Co. (a) | 4,566 | 146,523 | ||||||
PACCAR, Inc. (a) | 1,129 | 94,486 | ||||||
Tesla, Inc. (a) (b) | 8,491 | 2,252,238 | ||||||
2,726,719 | ||||||||
Auto Parts & Equipment — 0.1% | ||||||||
Aptiv PLC (a) (b) | 865 | 67,652 | ||||||
BorgWarner, Inc. (a) | 693 | 21,760 | ||||||
89,412 | ||||||||
Distribution & Wholesale — 0.3% | ||||||||
Copart, Inc. (a) (b) | 651 | 69,266 | ||||||
Fastenal Co. (a) | 1,825 | 84,023 | ||||||
LKQ Corp. (a) | 804 | 37,909 | ||||||
Pool Corp. (a) | 122 | 38,822 | ||||||
W.W. Grainger, Inc. (a) | 145 | 70,932 | ||||||
300,952 | ||||||||
Entertainment — 0.1% | ||||||||
Caesars Entertainment, Inc. (a) (b) | 688 | 22,195 | ||||||
Live Nation Entertainment, Inc. (a) (b) | 465 | 35,359 | ||||||
57,554 | ||||||||
Home Builders — 0.2% | ||||||||
D.R. Horton, Inc. (a) | 1,071 | 72,132 | ||||||
Lennar Corp. Class A (a) | 816 | 60,833 | ||||||
NVR, Inc. (a) (b) | 9 | 35,883 | ||||||
PulteGroup, Inc. (a) | 696 | 26,100 | ||||||
194,948 | ||||||||
Home Furnishing — 0.0% | ||||||||
Whirlpool Corp. (a) | 190 | 25,614 | ||||||
Housewares — 0.0% | ||||||||
Newell Brands, Inc. (a) | 1,080 | 15,001 | ||||||
Leisure Time — 0.1% | ||||||||
Carnival Corp. (a) (b) | 3,073 | 21,603 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) (b) | 1,239 | 14,075 | ||||||
Royal Caribbean Cruises Ltd. (a) (b) | 724 | 27,440 | ||||||
63,118 | ||||||||
Lodging — 0.3% | ||||||||
Hilton Worldwide Holdings, Inc. (a) | 881 | 106,266 | ||||||
Las Vegas Sands Corp. (a) (b) | 1,118 | 41,947 | ||||||
Marriott International, Inc. Class A (a) | 864 | 121,081 | ||||||
MGM Resorts International (a) | 1,068 | 31,741 | ||||||
Wynn Resorts Ltd. (a) (b) | 313 | 19,729 | ||||||
320,764 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Retail — 5.1% | ||||||||
Advance Auto Parts, Inc. (a) | 186 | $ | 29,079 | |||||
AutoZone, Inc. (a) (b) | 63 | 134,942 | ||||||
Bath & Body Works, Inc. (a) | 701 | 22,853 | ||||||
Best Buy Co., Inc. (a) | 634 | 40,157 | ||||||
CarMax, Inc. (a) (b) | 543 | 35,849 | ||||||
Chipotle Mexican Grill, Inc. (a) (b) | 88 | 132,243 | ||||||
Costco Wholesale Corp. (a) | 1,405 | 663,539 | ||||||
Darden Restaurants, Inc. (a) | 387 | 48,886 | ||||||
Dollar General Corp. (a) | 720 | 172,699 | ||||||
Dollar Tree, Inc. (a) (b) | 666 | 90,643 | ||||||
Domino's Pizza, Inc. (a) | 115 | 35,673 | ||||||
Genuine Parts Co. (a) | 460 | 68,687 | ||||||
The Home Depot, Inc. (a) | 3,284 | 906,187 | ||||||
Lowe's Cos., Inc. (a) | 2,019 | 379,188 | ||||||
McDonald's Corp. (a) | 2,351 | 542,470 | ||||||
O'Reilly Automotive, Inc. (a) (b) | 207 | 145,593 | ||||||
Ross Stores, Inc. (a) | 1,114 | 93,877 | ||||||
Starbucks Corp. (a) | 3,638 | 306,538 | ||||||
Target Corp. (a) | 1,464 | 217,243 | ||||||
The TJX Cos., Inc. (a) | 3,712 | 230,589 | ||||||
Tractor Supply Co. (a) | 349 | 64,872 | ||||||
Ulta Beauty, Inc. (a) (b) | 167 | 66,999 | ||||||
Walgreens Boots Alliance, Inc. (a) | 2,335 | 73,319 | ||||||
Walmart, Inc. (a) | 4,547 | 589,746 | ||||||
Yum! Brands, Inc. (a) | 920 | 97,833 | ||||||
5,189,704 | ||||||||
Toys, Games & Hobbies — 0.0% | ||||||||
Hasbro, Inc. (a) | 432 | 29,125 | ||||||
9,603,377 | ||||||||
Consumer, Non-cyclical — 21.2% | ||||||||
Agriculture — 0.8% | ||||||||
Altria Group, Inc. (a) | 5,850 | 236,223 | ||||||
Archer-Daniels-Midland Co. (a) | 1,764 | 141,914 | ||||||
Philip Morris International, Inc. (a) | 4,881 | 405,172 | ||||||
783,309 | ||||||||
Beverages — 1.8% | ||||||||
Brown-Forman Corp. Class B (a) | 604 | 40,208 | ||||||
The Coca-Cola Co. (a) | 12,362 | 692,519 | ||||||
Constellation Brands, Inc. Class A (a) | 534 | 122,649 | ||||||
Keurig Dr Pepper, Inc. (a) | 2,676 | 95,855 | ||||||
Molson Coors Beverage Co. Class B (a) | 613 | 29,418 | ||||||
Monster Beverage Corp. (a) (b) | 1,171 | 101,830 | ||||||
PepsiCo, Inc. (a) | 4,381 | 715,242 | ||||||
1,797,721 | ||||||||
Biotechnology — 1.6% | ||||||||
Amgen, Inc. (a) | 1,695 | 382,053 | ||||||
Bio-Rad Laboratories, Inc. Class A (a) (b) | 72 | 30,034 | ||||||
Biogen, Inc. (a) (b) | 459 | 122,553 | ||||||
Corteva, Inc. (a) | 2,338 | 133,617 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Gilead Sciences, Inc. (a) | 3,973 | $ | 245,094 | |||||
Illumina, Inc. (a) (b) | 507 | 96,731 | ||||||
Incyte Corp. (a) (b) | 626 | 41,717 | ||||||
Moderna, Inc. (a) (b) | 1,098 | 129,838 | ||||||
Regeneron Pharmaceuticals, Inc. (a) (b) | 342 | 235,594 | ||||||
Vertex Pharmaceuticals, Inc. (a) (b) | 810 | 234,527 | ||||||
1,651,758 | ||||||||
Commercial Services — 1.8% | ||||||||
Automatic Data Processing, Inc. (a) | 1,322 | 299,023 | ||||||
Cintas Corp. (a) | 284 | 110,246 | ||||||
CoStar Group, Inc. (a) (b) | 1,253 | 87,272 | ||||||
Equifax, Inc. (a) | 407 | 69,772 | ||||||
FleetCor Technologies, Inc. (a) (b) | 236 | 41,576 | ||||||
Gartner, Inc. (a) (b) | 248 | 68,619 | ||||||
Global Payments, Inc. (a) | 905 | 97,785 | ||||||
MarketAxess Holdings, Inc. (a) | 123 | 27,366 | ||||||
Moody's Corp. (a) | 501 | 121,798 | ||||||
Nielsen Holdings PLC (a) | 1,135 | 31,462 | ||||||
PayPal Holdings, Inc. (a) (b) | 3,670 | 315,877 | ||||||
Quanta Services, Inc. (a) | 460 | 58,599 | ||||||
Robert Half International, Inc. (a) | 357 | 27,311 | ||||||
Rollins, Inc. (a) | 750 | 26,010 | ||||||
S&P Global, Inc. (a) | 1,099 | 335,580 | ||||||
United Rentals, Inc. (a) (b) | 218 | 58,886 | ||||||
Verisk Analytics, Inc. (a) | 517 | 88,164 | ||||||
1,865,346 | ||||||||
Cosmetics & Personal Care — 1.3% | ||||||||
Colgate-Palmolive Co. (a) | 2,630 | 184,758 | ||||||
The Estee Lauder Cos., Inc. Class A (a) | 748 | 161,493 | ||||||
The Procter & Gamble Co. (a) | 7,628 | 963,035 | ||||||
1,309,286 | ||||||||
Food — 1.1% | ||||||||
Campbell Soup Co. (a) | 671 | 31,617 | ||||||
Conagra Brands, Inc. (a) | 1,475 | 48,129 | ||||||
General Mills, Inc. (a) | 1,931 | 147,934 | ||||||
The Hershey Co. (a) | 487 | 107,369 | ||||||
Hormel Foods Corp. (a) | 937 | 42,577 | ||||||
The J.M. Smucker Co. (a) | 332 | 45,620 | ||||||
Kellogg Co. (a) | 731 | 50,921 | ||||||
The Kraft Heinz Co. (a) | 2,533 | 84,476 | ||||||
The Kroger Co. (a) | 2,109 | 92,269 | ||||||
Lamb Weston Holdings, Inc. (a) | 473 | 36,601 | ||||||
McCormick & Co., Inc. (a) | 805 | 57,372 | ||||||
Mondelez International, Inc. Class A (a) | 4,483 | 245,803 | ||||||
Sysco Corp. (a) | 1,646 | 116,389 | ||||||
Tyson Foods, Inc. Class A (a) | 984 | 64,875 | ||||||
1,171,952 | ||||||||
Health Care – Products — 3.6% | ||||||||
Abbott Laboratories (a) | 5,537 | 535,760 | ||||||
ABIOMED, Inc. (a) (b) | 136 | 33,410 | ||||||
Align Technology, Inc. (a) (b) | 226 | 46,807 | ||||||
Baxter International, Inc. (a) | 1,605 | 86,445 |
MML Managed Volatility Fund ��� Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Bio-Techne Corp. (a) | 130 | $ | 36,920 | |||||
Boston Scientific Corp. (a) (b) | 4,583 | 177,500 | ||||||
The Cooper Cos., Inc. (a) | 154 | 40,641 | ||||||
Danaher Corp. (a) | 2,089 | 539,568 | ||||||
Dentsply Sirona, Inc. (a) | 744 | 21,092 | ||||||
Edwards Lifesciences Corp. (a) (b) | 1,947 | 160,881 | ||||||
Henry Schein, Inc. (a) (b) | 480 | 31,570 | ||||||
Hologic, Inc. (a) (b) | 753 | 48,584 | ||||||
IDEXX Laboratories, Inc. (a) (b) | 268 | 87,314 | ||||||
Intuitive Surgical, Inc. (a) (b) | 1,159 | 217,243 | ||||||
Medtronic PLC (a) | 4,234 | 341,895 | ||||||
PerkinElmer, Inc. (a) | 421 | 50,659 | ||||||
ResMed, Inc. (a) | 481 | 105,002 | ||||||
Steris PLC (a) | 311 | 51,713 | ||||||
Stryker Corp. (a) | 1,083 | 219,351 | ||||||
Teleflex, Inc. (a) | 159 | 32,032 | ||||||
Thermo Fisher Scientific, Inc. (a) | 1,239 | 628,408 | ||||||
Waters Corp. (a) (b) | 193 | 52,019 | ||||||
West Pharmaceutical Services, Inc. (a) | 224 | 55,122 | ||||||
Zimmer Biomet Holdings, Inc. (a) | 698 | 72,976 | ||||||
3,672,912 | ||||||||
Health Care – Services — 2.6% | ||||||||
Catalent, Inc. (a) (b) | 554 | 40,087 | ||||||
Centene Corp. (a) (b) | 1,884 | 146,594 | ||||||
Charles River Laboratories International, Inc. (a) (b) | 173 | 34,046 | ||||||
DaVita, Inc. (a) (b) | 189 | 15,644 | ||||||
Elevance Health, Inc. (a) | 762 | 346,131 | ||||||
HCA Healthcare, Inc. (a) | 686 | 126,080 | ||||||
Humana, Inc. (a) | 399 | 193,591 | ||||||
IQVIA Holdings, Inc. (a) (b) | 607 | 109,952 | ||||||
Laboratory Corp. of America Holdings (a) | 286 | 58,576 | ||||||
Molina Healthcare, Inc. (a) (b) | 182 | 60,031 | ||||||
Quest Diagnostics, Inc. (a) | 364 | 44,659 | ||||||
UnitedHealth Group, Inc. (a) | 2,980 | 1,505,019 | ||||||
Universal Health Services, Inc. Class B (a) | 225 | 19,840 | ||||||
2,700,250 | ||||||||
Household Products & Wares — 0.3% | ||||||||
Avery Dennison Corp. (a) | 274 | 44,580 | ||||||
Church & Dwight Co., Inc. (a) | 736 | 52,580 | ||||||
The Clorox Co. (a) | 380 | 48,788 | ||||||
Kimberly-Clark Corp. (a) | 1,091 | 122,781 | ||||||
268,729 | ||||||||
Pharmaceuticals — 6.3% | ||||||||
AbbVie, Inc. (a) | 5,614 | 753,455 | ||||||
AmerisourceBergen Corp. (a) | 501 | 67,800 | ||||||
Becton Dickinson and Co. (a) | 894 | 199,210 | ||||||
Bristol-Myers Squibb Co. (a) | 6,737 | 478,933 | ||||||
Cardinal Health, Inc. (a) | 912 | 60,812 | ||||||
Cigna Corp. (a) | 968 | 268,591 | ||||||
CVS Health Corp. (a) | 4,153 | 396,072 | ||||||
DexCom, Inc. (a) (b) | 1,228 | 98,903 | ||||||
Eli Lilly & Co. (a) | 2,503 | 809,345 | ||||||
Johnson & Johnson (a) | 8,414 | 1,374,511 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
McKesson Corp. (a) | 457 | $ | 155,321 | |||||
Merck & Co., Inc. (a) | 8,021 | 690,768 | ||||||
Organon & Co. (a) | 877 | 20,522 | ||||||
Pfizer, Inc. (a) | 17,809 | 779,322 | ||||||
Viatris, Inc. (a) | 4,019 | 34,242 | ||||||
Zoetis, Inc. (a) | 1,524 | 225,994 | ||||||
6,413,801 | ||||||||
21,635,064 | ||||||||
Energy — 4.4% | ||||||||
Energy – Alternate Sources — 0.1% | ||||||||
Enphase Energy, Inc. (a) (b) | 437 | �� | 121,254 | |||||
SolarEdge Technologies, Inc. (a) (b) | 178 | 41,200 | ||||||
162,454 | ||||||||
Oil & Gas — 3.7% | ||||||||
APA Corp. (a) | 1,038 | 35,489 | ||||||
Chevron Corp. (a) | 5,739 | 824,522 | ||||||
ConocoPhillips (a) | 4,083 | 417,854 | ||||||
Coterra Energy, Inc. (a) | 2,511 | 65,587 | ||||||
Devon Energy Corp. (a) | 2,077 | 124,890 | ||||||
Diamondback Energy, Inc. (a) | 512 | 61,676 | ||||||
EOG Resources, Inc. (a) | 1,886 | 210,723 | ||||||
Exxon Mobil Corp. (a) | 13,284 | 1,159,826 | ||||||
Hess Corp. (a) | 915 | 99,726 | ||||||
Marathon Oil Corp. (a) | 2,247 | 50,737 | ||||||
Marathon Petroleum Corp. (a) | 1,572 | 156,147 | ||||||
Occidental Petroleum Corp. (a) | 2,361 | 145,083 | ||||||
Phillips 66 (a) | 1,507 | 121,645 | ||||||
Pioneer Natural Resources Co. (a) | 761 | 164,779 | ||||||
Valero Energy Corp. (a) | 1,249 | 133,456 | ||||||
3,772,140 | ||||||||
Oil & Gas Services — 0.3% | ||||||||
Baker Hughes Co. (a) | 3,302 | 69,210 | ||||||
Halliburton Co. (a) | 2,787 | 68,616 | ||||||
Schlumberger NV (a) | 4,451 | 159,791 | ||||||
297,617 | ||||||||
Pipelines — 0.3% | ||||||||
Kinder Morgan, Inc. (a) | 6,260 | 104,166 | ||||||
ONEOK, Inc. (a) | 1,477 | 75,682 | ||||||
The Williams Cos., Inc. (a) | 3,927 | 112,430 | ||||||
292,278 | ||||||||
4,524,489 | ||||||||
Financial — 14.1% | ||||||||
Banks — 4.3% | ||||||||
Bank of America Corp. (a) | 22,478 | 678,836 | ||||||
The Bank of New York Mellon Corp. (a) | 2,485 | 95,722 | ||||||
Citigroup, Inc. (a) | 6,141 | 255,895 | ||||||
Citizens Financial Group, Inc. (a) | 1,470 | 50,509 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Comerica, Inc. (a) | 420 | $ | 29,862 | |||||
Fifth Third Bancorp (a) | 2,107 | 67,340 | ||||||
First Republic Bank (a) | 586 | 76,502 | ||||||
The Goldman Sachs Group, Inc. (a) | 1,083 | 317,373 | ||||||
Huntington Bancshares, Inc. (a) | 4,064 | 53,564 | ||||||
JP Morgan Chase & Co. (a) | 9,323 | 974,254 | ||||||
KeyCorp. (a) | 3,164 | 50,687 | ||||||
M&T Bank Corp. (a) | 572 | 100,855 | ||||||
Morgan Stanley (a) | 4,259 | 336,504 | ||||||
Northern Trust Corp. (a) | 660 | 56,470 | ||||||
The PNC Financial Services Group, Inc. (a) | 1,334 | 199,326 | ||||||
Regions Financial Corp. (a) | 3,148 | 63,180 | ||||||
Signature Bank (a) | 210 | 31,710 | ||||||
State Street Corp. (a) | 1,228 | 74,675 | ||||||
SVB Financial Group (a) (b) | 182 | 61,112 | ||||||
Truist Financial Corp. (a) | 4,144 | 180,430 | ||||||
US Bancorp (a) | 4,382 | 176,682 | ||||||
Wells Fargo & Co. (a) | 12,002 | 482,720 | ||||||
Zions Bancorp NA (a) | 473 | 24,057 | ||||||
4,438,265 | ||||||||
Diversified Financial Services — 3.5% | ||||||||
American Express Co. (a) | 1,924 | 259,567 | ||||||
Ameriprise Financial, Inc. (a) | 334 | 84,151 | ||||||
BlackRock, Inc. (a) | 481 | 264,685 | ||||||
Capital One Financial Corp. (a) | 1,186 | 109,314 | ||||||
Cboe Global Markets, Inc. (a) | 369 | 43,309 | ||||||
The Charles Schwab Corp. (a) | 4,778 | 343,395 | ||||||
CME Group, Inc. (a) | 1,168 | 206,888 | ||||||
Discover Financial Services (a) | 899 | 81,737 | ||||||
Franklin Resources, Inc. (a) | 962 | 20,702 | ||||||
Intercontinental Exchange, Inc. (a) | 1,757 | 158,745 | ||||||
Invesco Ltd. (a) | 1,134 | 15,536 | ||||||
Mastercard, Inc. Class A (a) | 2,728 | 775,679 | ||||||
Nasdaq, Inc. (a) | 1,089 | 61,724 | ||||||
Raymond James Financial, Inc. (a) | 602 | 59,490 | ||||||
Synchrony Financial (a) | 1,598 | 45,048 | ||||||
T. Rowe Price Group, Inc. (a) | 754 | 79,178 | ||||||
Visa, Inc. Class A (a) | 5,229 | 928,932 | ||||||
3,538,080 | ||||||||
Insurance — 3.6% | ||||||||
Aflac, Inc. (a) | 1,789 | 100,542 | ||||||
The Allstate Corp. (a) | 880 | 109,586 | ||||||
American International Group, Inc. (a) | 2,411 | 114,474 | ||||||
Aon PLC Class A (a) | 687 | 184,027 | ||||||
Arthur J Gallagher & Co. (a) | 649 | 111,122 | ||||||
Assurant, Inc. (a) | 169 | 24,551 | ||||||
Berkshire Hathaway, Inc. Class B (a) (b) | 5,749 | 1,535,098 | ||||||
Brown & Brown, Inc. (a) | 699 | 42,275 | ||||||
Chubb Ltd. (a) | 1,330 | 241,900 | ||||||
Cincinnati Financial Corp. (a) | 499 | 44,695 | ||||||
Everest Re Group Ltd. (a) | 134 | 35,167 | ||||||
Globe Life, Inc. (a) | 233 | 23,230 | ||||||
The Hartford Financial Services Group, Inc. (a) | 1,007 | 62,374 | ||||||
Lincoln National Corp. (a) | 583 | 25,599 | ||||||
Loews Corp. (a) | 650 | 32,396 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Marsh & McLennan Cos., Inc. (a) | 1,628 | $ | 243,044 | |||||
MetLife, Inc. (a) | 2,115 | 128,550 | ||||||
Principal Financial Group, Inc. (a) | 692 | 49,928 | ||||||
The Progressive Corp. (a) | 1,898 | 220,566 | ||||||
Prudential Financial, Inc. (a) | 1,183 | 101,478 | ||||||
The Travelers Cos., Inc. (a) | 740 | 113,368 | ||||||
W.R. Berkley Corp. (a) | 603 | 38,942 | ||||||
Willis Towers Watson PLC (a) | 357 | 71,736 | ||||||
3,654,648 | ||||||||
Real Estate — 0.1% | ||||||||
CBRE Group, Inc. Class A (a) (b) | 1,043 | 70,413 | ||||||
Real Estate Investment Trusts (REITS) — 2.6% | ||||||||
Alexandria Real Estate Equities, Inc. (a) | 447 | 62,665 | ||||||
American Tower Corp. (a) | 1,469 | 315,394 | ||||||
AvalonBay Communities, Inc. (a) | 468 | 86,201 | ||||||
Boston Properties, Inc. (a) | 462 | 34,636 | ||||||
Camden Property Trust (a) | 340 | 40,613 | ||||||
Crown Castle, Inc. (a) | 1,401 | 202,515 | ||||||
Digital Realty Trust, Inc. (a) | 940 | 93,229 | ||||||
Duke Realty Corp. (a) | 1,292 | 62,274 | ||||||
Equinix, Inc. (a) | 286 | 162,688 | ||||||
Equity Residential (a) | 1,045 | 70,245 | ||||||
Essex Property Trust, Inc. (a) | 201 | 48,688 | ||||||
Extra Space Storage, Inc. (a) | 445 | 76,856 | ||||||
Federal Realty Investment Trust (a) | 250 | 22,530 | ||||||
Healthpeak Properties, Inc. (a) | 1,659 | 38,024 | ||||||
Host Hotels & Resorts, Inc. (a) | 2,321 | 36,858 | ||||||
Invitation Homes, Inc. (a) | 1,889 | 63,792 | ||||||
Iron Mountain, Inc. (a) | 951 | 41,816 | ||||||
Kimco Realty Corp. (a) | 1,670 | 30,745 | ||||||
Mid-America Apartment Communities, Inc. (a) | 358 | 55,515 | ||||||
Prologis, Inc. (a) | 2,334 | 237,134 | ||||||
Public Storage (a) | 509 | 149,040 | ||||||
Realty Income Corp. (a) | 1,962 | 114,188 | ||||||
Regency Centers Corp. (a) | 437 | 23,532 | ||||||
SBA Communications Corp. (a) | 345 | 98,204 | ||||||
Simon Property Group, Inc. (a) | 1,012 | 90,827 | ||||||
UDR, Inc. (a) | 881 | 36,747 | ||||||
Ventas, Inc. (a) | 1,322 | 53,105 | ||||||
VICI Properties, Inc. (a) | 3,032 | 90,505 | ||||||
Vornado Realty Trust (a) | 587 | 13,595 | ||||||
Welltower, Inc. (a) | 1,494 | 96,094 | ||||||
Weyerhaeuser Co. (a) | 2,289 | 65,374 | ||||||
2,613,629 | ||||||||
14,315,035 | ||||||||
Industrial — 7.2% | ||||||||
Aerospace & Defense — 1.5% | ||||||||
The Boeing Co. (a) (b) | 1,759 | 212,980 | ||||||
General Dynamics Corp. (a) | 707 | 150,004 | ||||||
Howmet Aerospace, Inc. (a) | 1,237 | 38,260 | ||||||
L3 Harris Technologies, Inc. (a) | 612 | 127,192 | ||||||
Lockheed Martin Corp. (a) | 767 | 296,284 | ||||||
Northrop Grumman Corp. (a) | 459 | 215,877 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Raytheon Technologies Corp. (a) | 4,695 | $ | 384,333 | |||||
Teledyne Technologies, Inc. (a) (b) | 142 | 47,921 | ||||||
TransDigm Group, Inc. (a) | 171 | 89,744 | ||||||
1,562,595 | ||||||||
Building Materials — 0.4% | ||||||||
Carrier Global Corp. (a) | 2,645 | 94,056 | ||||||
Fortune Brands Home & Security, Inc. (a) | 421 | 22,603 | ||||||
Johnson Controls International PLC (a) | 2,225 | 109,514 | ||||||
Martin Marietta Materials, Inc. (a) | 184 | 59,265 | ||||||
Masco Corp. (a) | 717 | 33,477 | ||||||
Mohawk Industries, Inc. (a) (b) | 180 | 16,414 | ||||||
Vulcan Materials Co. (a) | 405 | 63,873 | ||||||
399,202 | ||||||||
Electrical Components & Equipment — 0.3% | ||||||||
AMETEK, Inc. (a) | 768 | 87,099 | ||||||
Emerson Electric Co. (a) | 1,910 | 139,850 | ||||||
Generac Holdings, Inc. (a) (b) | 209 | 37,231 | ||||||
264,180 | ||||||||
Electronics — 1.0% | ||||||||
Agilent Technologies, Inc. (a) | 969 | 117,782 | ||||||
Allegion PLC (a) | 251 | 22,510 | ||||||
Amphenol Corp. Class A (a) | 1,927 | 129,032 | ||||||
Fortive Corp. (a) | 1,197 | 69,785 | ||||||
Garmin Ltd. (a) | 508 | 40,797 | ||||||
Honeywell International, Inc. (a) | 2,136 | 356,648 | ||||||
Keysight Technologies, Inc. (a) (b) | 579 | 91,111 | ||||||
Mettler-Toledo International, Inc. (a) (b) | 72 | 78,057 | ||||||
TE Connectivity Ltd. (a) | 986 | 108,815 | ||||||
Trimble, Inc. (a) (b) | 824 | 44,719 | ||||||
1,059,256 | ||||||||
Engineering & Construction — 0.0% | ||||||||
Jacobs Solutions, Inc. (a) | 397 | 43,071 | ||||||
Environmental Controls — 0.3% | ||||||||
Pentair PLC (a) | 591 | 24,012 | ||||||
Republic Services, Inc. (a) | 649 | 88,290 | ||||||
Waste Management, Inc. (a) | 1,197 | 191,772 | ||||||
304,074 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Snap-on, Inc. (a) | 148 | 29,800 | ||||||
Stanley Black & Decker, Inc. (a) | 489 | 36,777 | ||||||
66,577 | ||||||||
Machinery – Construction & Mining — 0.3% | ||||||||
Caterpillar, Inc. (a) | 1,688 | 276,967 | ||||||
Machinery – Diversified — 0.7% | ||||||||
Deere & Co. (a) | 884 | 295,159 | ||||||
Dover Corp. (a) | 450 | 52,461 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
IDEX Corp. (a) | 245 | $ | 48,963 | |||||
Ingersoll Rand, Inc. (a) | 1,282 | 55,459 | ||||||
Nordson Corp. (a) | 188 | 39,907 | ||||||
Otis Worldwide Corp. (a) | 1,304 | 83,195 | ||||||
Rockwell Automation, Inc. (a) | 367 | 78,945 | ||||||
Westinghouse Air Brake Technologies Corp. (a) | 619 | 50,356 | ||||||
Xylem, Inc. (a) | 596 | 52,067 | ||||||
756,512 | ||||||||
Miscellaneous - Manufacturing — 1.0% | ||||||||
3M Co. (a) | 1,767 | 195,254 | ||||||
A.O. Smith Corp. (a) | 389 | 18,898 | ||||||
Eaton Corp. PLC (a) | 1,238 | 165,100 | ||||||
General Electric Co. (a) | 3,550 | 219,780 | ||||||
Illinois Tool Works, Inc. (a) | 880 | 158,972 | ||||||
Parker-Hannifin Corp. (a) | 404 | 97,893 | ||||||
Textron, Inc. (a) | 723 | 42,122 | ||||||
Trane Technologies PLC (a) | 730 | 105,711 | ||||||
1,003,730 | ||||||||
Packaging & Containers — 0.2% | ||||||||
Amcor PLC (a) | 4,630 | 49,680 | ||||||
Ball Corp. (a) | 984 | 47,547 | ||||||
Packaging Corp. of America (a) | 268 | 30,093 | ||||||
Sealed Air Corp. (a) | 527 | 23,457 | ||||||
WestRock Co. (a) | 853 | 26,349 | ||||||
177,126 | ||||||||
Shipbuilding — 0.0% | ||||||||
Huntington Ingalls Industries, Inc. (a) | 127 | 28,131 | ||||||
Transportation — 1.4% | ||||||||
C.H. Robinson Worldwide, Inc. (a) | 422 | 40,643 | ||||||
CSX Corp. (a) | 6,852 | 182,537 | ||||||
Expeditors International of Washington, Inc. (a) | 520 | 45,921 | ||||||
FedEx Corp. (a) | 751 | 111,501 | ||||||
J.B. Hunt Transport Services, Inc. (a) | 267 | 41,764 | ||||||
Norfolk Southern Corp. (a) | 736 | 154,302 | ||||||
Old Dominion Freight Line, Inc. (a) | 293 | 72,890 | ||||||
Union Pacific Corp. (a) | 1,990 | 387,692 | ||||||
United Parcel Service, Inc. Class B (a) | 2,333 | 376,873 | ||||||
1,414,123 | ||||||||
7,355,544 | ||||||||
Technology — 21.3% | ||||||||
Computers — 7.9% | ||||||||
Accenture PLC Class A (a) | 2,010 | 517,173 | ||||||
Apple, Inc. (a) | 48,173 | 6,657,509 | ||||||
Cognizant Technology Solutions Corp. Class A (a) | 1,717 | 98,625 | ||||||
DXC Technology Co. (a) (b) | 704 | 17,234 | ||||||
EPAM Systems, Inc. (a) (b) | 181 | 65,556 | ||||||
Fortinet, Inc. (a) (b) | 2,098 | 103,075 | ||||||
Hewlett Packard Enterprise Co. (a) | 3,930 | 47,081 | ||||||
HP, Inc. (a) | 2,895 | 72,143 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
International Business Machines Corp. (a) | 2,852 | $ | 338,846 | |||||
Leidos Holdings, Inc. (a) | 465 | 40,674 | ||||||
NetApp, Inc. (a) | 651 | 40,264 | ||||||
Seagate Technology Holdings PLC (a) | 604 | 32,151 | ||||||
Western Digital Corp. (a) (b) | 1,035 | 33,689 | ||||||
8,064,020 | ||||||||
Office & Business Equipment — 0.1% | ||||||||
Zebra Technologies Corp. Class A (a) (b) | 161 | 42,184 | ||||||
Semiconductors — 4.4% | ||||||||
Advanced Micro Devices, Inc. (a) (b) | 5,140 | 325,670 | ||||||
Analog Devices, Inc. (a) | 1,654 | 230,468 | ||||||
Applied Materials, Inc. (a) | 2,775 | 227,356 | ||||||
Broadcom, Inc. (a) | 1,297 | 575,881 | ||||||
Intel Corp. (a) | 12,980 | 334,495 | ||||||
KLA Corp. (a) | 448 | 135,578 | ||||||
Lam Research Corp. (a) | 438 | 160,308 | ||||||
Microchip Technology, Inc. (a) | 1,729 | 105,521 | ||||||
Micron Technology, Inc. (a) | 3,533 | 177,003 | ||||||
Monolithic Power Systems, Inc. (a) | 138 | 50,149 | ||||||
NVIDIA Corp. (a) | 7,954 | 965,536 | ||||||
NXP Semiconductor NV (a) | 824 | 121,548 | ||||||
ON Semiconductor Corp. (a) (b) | 1,420 | 88,509 | ||||||
Qorvo, Inc. (a) (b) | 321 | 25,491 | ||||||
QUALCOMM, Inc. (a) | 3,556 | 401,757 | ||||||
Skyworks Solutions, Inc. (a) | 529 | 45,108 | ||||||
Teradyne, Inc. (a) | 494 | 37,124 | ||||||
Texas Instruments, Inc. (a) | 2,928 | 453,196 | ||||||
4,460,698 | ||||||||
Software — 8.9% | ||||||||
Activision Blizzard, Inc. (a) | 2,258 | 167,860 | ||||||
Adobe, Inc. (a) (b) | 1,499 | 412,525 | ||||||
Akamai Technologies, Inc. (a) (b) | 541 | 43,453 | ||||||
ANSYS, Inc. (a) (b) | 266 | 58,972 | ||||||
Autodesk, Inc. (a) (b) | 685 | 127,958 | ||||||
ADR Broadridge Financial Solutions, Inc. (a) | 358 | 51,667 | ||||||
Cadence Design Systems, Inc. (a) (b) | 885 | 144,636 | ||||||
Ceridian HCM Holding, Inc. (a) (b) | 474 | 26,487 | ||||||
Citrix Systems, Inc. (a) (c) | 383 | 39,794 | ||||||
Electronic Arts, Inc. (a) | 840 | 97,196 | ||||||
Fidelity National Information Services, Inc. (a) | 1,932 | 146,001 | ||||||
Fiserv, Inc. (a) (b) | 2,028 | 189,760 | ||||||
Intuit, Inc. (a) | 895 | 346,651 | ||||||
Jack Henry & Associates, Inc. (a) | 242 | 44,109 | ||||||
Microsoft Corp. (a) | 23,769 | 5,535,800 | ||||||
MSCI, Inc. (a) | 258 | 108,822 | ||||||
Oracle Corp. (a) | 4,848 | 296,067 | ||||||
Paychex, Inc. (a) | 1,029 | 115,464 | ||||||
Paycom Software, Inc. (a) (b) | 155 | 51,148 | ||||||
PTC, Inc. (a) (b) | 360 | 37,656 | ||||||
Roper Technologies, Inc. (a) | 340 | 122,278 | ||||||
Salesforce, Inc. (a) (b) | 3,152 | 453,384 | ||||||
ServiceNow, Inc. (a) (b) | 635 | 239,782 | ||||||
Synopsys, Inc. (a) (b) | 482 | 147,256 | ||||||
Take-Two Interactive Software, Inc. (a) (b) | 522 | 56,898 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Tyler Technologies, Inc. (a) (b) | 124 | $ | 43,090 | |||||
9,104,714 | ||||||||
21,671,616 | ||||||||
Utilities — 2.9% | ||||||||
Electric — 2.7% | ||||||||
The AES Corp. (a) | 2,230 | 50,398 | ||||||
Alliant Energy Corp. (a) | 726 | 38,471 | ||||||
Ameren Corp. (a) | 892 | 71,851 | ||||||
American Electric Power Co., Inc. (a) | 1,585 | 137,023 | ||||||
CenterPoint Energy, Inc. (a) | 1,884 | 53,091 | ||||||
CMS Energy Corp. (a) | 919 | 53,523 | ||||||
Consolidated Edison, Inc. (a) | 1,113 | 95,451 | ||||||
Constellation Energy Corp. (a) | 1,043 | 86,767 | ||||||
Dominion Energy, Inc. (a) | 2,734 | 188,947 | ||||||
DTE Energy Co. (a) | 631 | 72,596 | ||||||
Duke Energy Corp. (a) | 2,430 | 226,039 | ||||||
Edison International (a) | 1,290 | 72,988 | ||||||
Entergy Corp. (a) | 614 | 61,787 | ||||||
Evergy, Inc. (a) | 615 | 36,531 | ||||||
Eversource Energy (a) | 1,123 | 87,549 | ||||||
Exelon Corp. (a) | 3,190 | 119,497 | ||||||
FirstEnergy Corp. (a) | 1,728 | 63,936 | ||||||
NextEra Energy, Inc. (a) | 6,237 | 489,043 | ||||||
NRG Energy, Inc. (a) | 802 | 30,692 | ||||||
Pinnacle West Capital Corp. (a) | 364 | 23,482 | ||||||
PPL Corp. (a) | 2,219 | 56,252 | ||||||
Public Service Enterprise Group, Inc. (a) | 1,575 | 88,562 | ||||||
Sempra Energy (a) | 994 | 149,040 | ||||||
The Southern Co. (a) | 3,485 | 236,980 | ||||||
WEC Energy Group, Inc. (a) | 941 | 84,154 | ||||||
Xcel Energy, Inc. (a) | 1,797 | 115,008 | ||||||
2,789,658 | ||||||||
Gas — 0.1% | ||||||||
Atmos Energy Corp. (a) | 483 | 49,193 | ||||||
NiSource, Inc. (a) | 1,431 | 36,047 | ||||||
85,240 | ||||||||
Water — 0.1% | ||||||||
American Water Works Co., Inc. (a) | 568 | 73,931 | ||||||
2,948,829 | ||||||||
TOTAL COMMON STOCK (Cost $68,784,195) | 96,020,365 | |||||||
TOTAL EQUITIES (Cost $68,784,195) | 96,020,365 | |||||||
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
BONDS & NOTES — 0.0% | ||||||||
CORPORATE DEBT — 0.0% | ||||||||
Forest Products & Paper — 0.0% | ||||||||
Sino Forest Corp. 5.000% 8/01/49 (a) (c) (d) | $ | 359,000 | $ | — | ||||
TOTAL CORPORATE DEBT (Cost $0) | — | |||||||
TOTAL BONDS & NOTES (Cost $0) | — | |||||||
TOTAL PURCHASED OPTIONS(#) — 1.9% (Cost $1,001,049) | 1,918,756 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $69,785,244) | 97,939,121 | |||||||
SHORT-TERM INVESTMENTS — 5.3% | ||||||||
Repurchase Agreement — 5.3% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (e) | 5,457,606 | 5,457,606 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,457,606) | 5,457,606 | |||||||
TOTAL INVESTMENTS — 101.4% (Cost $75,242,850) (f) | 103,396,727 | |||||||
Other Assets/(Liabilities) — (1.4)% | (1,470,353) | |||||||
NET ASSETS — 100.0% | $ | 101,926,374 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | All or a portion of this security is pledged/held as collateral for open derivatives. |
(b) | Non-income producing security. |
(c) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2022, these securities amounted to a value of $39,794 or 0.04% of net assets. |
(d) | Investment is valued using significant unobservable inputs. |
(e) | Maturity value of $5,457,983. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $5,566,802. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
(#) Exchange-Traded Options Purchased | ||||||||||||||||||||||||||||
Description | Expiration Date | Exercise Price | No. of Contracts | Notional Amount | Value | Premiums Paid (Received) | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||
Put | ||||||||||||||||||||||||||||
S&P 500 Index | 11/18/22 | 3,250.00 | 40 | USD | 13,000,000 | $ | 193,920 | $ | 169,580 | $ | 24,340 | |||||||||||||||||
S&P 500 Index | 11/18/22 | 3,350.00 | 40 | USD | 13,400,000 | 266,600 | 181,340 | 85,260 | ||||||||||||||||||||
S&P 500 Index | 12/16/22 | 3,250.00 | 34 | USD | 11,050,000 | 239,836 | 144,449 | 95,387 | ||||||||||||||||||||
S&P 500 Index | 12/16/22 | 3,625.00 | 40 | USD | 14,500,000 | 740,000 | 256,100 | 483,900 | ||||||||||||||||||||
S&P 500 Index | 1/20/23 | 3,350.00 | 40 | USD | 13,400,000 | 478,400 | 249,580 | 228,820 | ||||||||||||||||||||
$ | 1,918,756 | $ | 1,001,049 | $ | 917,707 |
Exchange-Traded Options Written | ||||||||||||||||||||||||||||
Description | Expiration Date | Exercise Price | No. of Contracts | Notional Amount | Value | Premiums Paid (Received) | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||
Call | ||||||||||||||||||||||||||||
S&P 500 Index | 10/21/22 | 4,000.00 | 60 | USD | 24,000,000 | $ | (15,300) | $ | (576,319) | $ | 561,019 | |||||||||||||||||
S&P 500 Index | 10/21/22 | 4,300.00 | 29 | USD | 12,470,000 | (580) | (360,544) | 359,964 | ||||||||||||||||||||
S&P 500 Index | 10/31/22 | 3,700.00 | 30 | USD | 11,100,000 | (200,550) | (214,425) | 13,875 | ||||||||||||||||||||
S&P 500 Index | 10/31/22 | 4,075.00 | 29 | USD | 11,817,500 | (8,294) | (326,357) | 318,063 | ||||||||||||||||||||
S&P 500 Index | 11/18/22 | 3,700.00 | 59 | USD | 21,830,000 | (559,556) | (863,218) | 303,662 | ||||||||||||||||||||
S&P 500 Index | 11/18/22 | 3,850.00 | 30 | USD | 11,550,000 | (127,500) | (339,465) | 211,965 | ||||||||||||||||||||
S&P 500 Index | 11/18/22 | 3,950.00 | 30 | USD | 11,850,000 | (64,380) | (329,371) | 264,991 | ||||||||||||||||||||
$ | (976,160) | $ | (3,009,699) | $ | 2,033,539 |
Currency Legend
USD | U.S. Dollar |
MML Mid Cap Growth Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 96.6% | ||||||||
COMMON STOCK — 96.1% | ||||||||
Basic Materials — 0.6% | ||||||||
Chemicals — 0.6% | ||||||||
RPM International, Inc. | 22,000 | $ | 1,832,820 | |||||
Communications — 5.3% | ||||||||
Advertising — 1.1% | ||||||||
The Trade Desk, Inc. Class A (a) | 53,000 | 3,166,750 | ||||||
Internet — 3.1% | ||||||||
CDW Corp. | 22,061 | 3,443,281 | ||||||
Etsy, Inc. (a) | 17,741 | 1,776,406 | ||||||
Match Group, Inc. (a) | 38,698 | 1,847,830 | ||||||
Palo Alto Networks, Inc. (a) | 7,614 | 1,247,097 | ||||||
Spotify Technology SA (a) | 11,900 | 1,026,970 | ||||||
9,341,584 | ||||||||
Media — 0.7% | ||||||||
Liberty Media Corp-Liberty Formula One Class C (a) | 38,300 | 2,240,550 | ||||||
Telecommunications — 0.4% | ||||||||
Corning, Inc. | 40,100 | 1,163,702 | ||||||
15,912,586 | ||||||||
Consumer, Cyclical — 14.5% | ||||||||
Airlines — 0.8% | ||||||||
Southwest Airlines Co. (a) | 74,600 | 2,300,664 | ||||||
Apparel — 0.3% | ||||||||
Deckers Outdoor Corp. (a) | 2,200 | 687,742 | ||||||
On Holding AG, Class A (a) | 6,200 | 99,510 | ||||||
787,252 | ||||||||
Auto Manufacturers — 0.3% | ||||||||
Rivian Automotive, Inc. Class A (a) (b) | 26,998 | 888,504 | ||||||
Entertainment — 0.6% | ||||||||
DraftKings, Inc. Class A (a) (b) | 35,300 | 534,442 | ||||||
Vail Resorts, Inc. | 6,700 | 1,444,788 | ||||||
1,979,230 | ||||||||
Lodging — 2.9% | ||||||||
Hilton Worldwide Holdings, Inc. | 52,653 | 6,351,005 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
MGM Resorts International | 79,600 | $ | 2,365,712 | |||||
8,716,717 | ||||||||
Retail — 9.6% | ||||||||
Bath & Body Works, Inc. | 35,400 | 1,154,040 | ||||||
Burlington Stores, Inc. (a) | 23,000 | 2,573,470 | ||||||
Casey's General Stores, Inc. | 13,400 | 2,713,768 | ||||||
Chipotle Mexican Grill, Inc. (a) | 2,050 | 3,080,658 | ||||||
Dollar General Corp. | 13,300 | 3,190,138 | ||||||
Dollar Tree, Inc. (a) | 17,700 | 2,408,970 | ||||||
Domino's Pizza, Inc. | 5,300 | 1,644,060 | ||||||
Five Below, Inc. (a) | 9,000 | 1,239,030 | ||||||
Freshpet, Inc. (a) (b) | 38,937 | 1,950,354 | ||||||
Lululemon Athletica, Inc. (a) | 8,851 | 2,474,386 | ||||||
O'Reilly Automotive, Inc. (a) | 3,100 | 2,180,385 | ||||||
Ross Stores, Inc. | 11,500 | 969,105 | ||||||
Warby Parker, Inc. Class A (a) | 8,943 | 119,300 | ||||||
Wingstop, Inc. | 23,970 | 3,006,317 | ||||||
Yum! Brands, Inc. | 1,100 | 116,974 | ||||||
28,820,955 | ||||||||
43,493,322 | ||||||||
Consumer, Non-cyclical — 30.3% | ||||||||
Beverages — 0.4% | ||||||||
The Boston Beer Co., Inc. Class A (a) | 3,594 | 1,163,198 | ||||||
Biotechnology — 3.9% | ||||||||
Alnylam Pharmaceuticals, Inc. (a) | 13,900 | 2,782,224 | ||||||
Apellis Pharmaceuticals, Inc. (a) | 7,682 | 524,681 | ||||||
Argenx SE ADR (a) | 5,809 | 2,050,867 | ||||||
CRISPR Therapeutics AG (a) (b) | 5,328 | 348,185 | ||||||
Exelixis, Inc. (a) | 18,000 | 282,240 | ||||||
Ionis Pharmaceuticals, Inc. (a) | 37,500 | 1,658,625 | ||||||
Karuna Therapeutics, Inc. (a) | 1,251 | 281,387 | ||||||
Seagen, Inc. (a) | 25,079 | 3,431,560 | ||||||
Ultragenyx Pharmaceutical, Inc. (a) | 6,000 | 248,460 | ||||||
11,608,229 | ||||||||
Commercial Services — 9.5% | ||||||||
Bright Horizons Family Solutions, Inc. (a) | 15,100 | 870,515 | ||||||
Clarivate PLC (a) | 89,182 | 837,419 | ||||||
CoStar Group, Inc. (a) | 36,154 | 2,518,126 | ||||||
Equifax, Inc. | 15,000 | 2,571,450 | ||||||
FleetCor Technologies, Inc. (a) | 15,500 | 2,730,635 | ||||||
Gartner, Inc. (a) | 17,594 | 4,868,084 | ||||||
MarketAxess Holdings, Inc. | 8,800 | 1,957,912 | ||||||
Multiplan Corp. (a) (b) | 129,800 | 371,228 | ||||||
Paylocity Holding Corp. (a) | 6,800 | 1,642,744 | ||||||
Shift4 Payments, Inc. Class A (a) | 58,906 | 2,627,797 | ||||||
TransUnion | 71,540 | 4,255,914 | ||||||
United Rentals, Inc. (a) | 3,600 | 972,432 | ||||||
Verisk Analytics, Inc. | 12,400 | 2,114,572 | ||||||
28,338,828 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Cosmetics & Personal Care — 0.0% | ||||||||
Olaplex Holdings, Inc. (a) (b) | 7,313 | $ | 69,839 | |||||
Food — 0.3% | ||||||||
TreeHouse Foods, Inc. (a) | 24,607 | 1,043,829 | ||||||
Health Care – Products — 10.4% | ||||||||
Alcon, Inc. | 27,900 | 1,623,222 | ||||||
Align Technology, Inc. (a) | 8,053 | 1,667,857 | ||||||
Avantor, Inc. (a) | 147,700 | 2,894,920 | ||||||
Bruker Corp. | 61,000 | 3,236,660 | ||||||
The Cooper Cos., Inc. | 10,500 | 2,770,950 | ||||||
Dentsply Sirona, Inc. | 17,900 | 507,465 | ||||||
Exact Sciences Corp. (a) | 12,800 | 415,872 | ||||||
Hologic, Inc. (a) | 103,900 | 6,703,628 | ||||||
ICU Medical, Inc. (a) | 8,000 | 1,204,800 | ||||||
Omnicell, Inc. (a) | 26,700 | 2,323,701 | ||||||
Quidelortho Corp. (a) | 19,833 | 1,417,663 | ||||||
Teleflex, Inc. | 22,740 | 4,581,200 | ||||||
West Pharmaceutical Services, Inc. | 7,035 | 1,731,173 | ||||||
31,079,111 | ||||||||
Health Care – Services — 4.1% | ||||||||
Acadia Healthcare Co., Inc. (a) | 43,100 | 3,369,558 | ||||||
agilon health, Inc. (a) | 8,756 | 205,065 | ||||||
Catalent, Inc. (a) | 47,300 | 3,422,628 | ||||||
ICON PLC (a) | 21,569 | 3,963,951 | ||||||
Molina Healthcare, Inc. (a) | 4,500 | 1,484,280 | ||||||
12,445,482 | ||||||||
Household Products & Wares — 1.2% | ||||||||
Avery Dennison Corp. | 16,600 | 2,700,820 | ||||||
Reynolds Consumer Products, Inc. (b) | 35,100 | 912,951 | ||||||
3,613,771 | ||||||||
Pharmaceuticals — 0.5% | ||||||||
Alkermes PLC (a) | 19,700 | 439,901 | ||||||
Ascendis Pharma A/S ADR (a) (b) | 2,100 | 216,846 | ||||||
Neurocrine Biosciences, Inc. (a) | 4,500 | 477,945 | ||||||
Perrigo Co. PLC | 7,800 | 278,148 | ||||||
1,412,840 | ||||||||
90,775,127 | ||||||||
Energy — 2.8% | ||||||||
Energy – Alternate Sources — 0.2% | ||||||||
Shoals Technologies Group, Inc. Class A (a) | 22,100 | 476,255 | ||||||
Oil & Gas — 1.6% | ||||||||
Coterra Energy, Inc. | 40,100 | 1,047,412 | ||||||
Pioneer Natural Resources Co. | 6,600 | 1,429,098 | ||||||
Venture Global LNG, Inc., Series B (Acquired 3/08/18, Cost $63,420) (a) (c) (d) (e) | 21 | 310,700 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Venture Global LNG, Inc., Series C (Acquired 10/16/17-3/08/18, Cost $530,257) (a) (c) (d) (e) | 144 | $ | 2,130,515 | |||||
4,917,725 | ||||||||
Pipelines — 1.0% | ||||||||
Cheniere Energy, Inc. | 17,540 | 2,910,061 | ||||||
8,304,041 | ||||||||
Financial — 5.6% | ||||||||
Diversified Financial Services — 2.3% | ||||||||
Cboe Global Markets, Inc. | 10,700 | 1,255,859 | ||||||
Hamilton Lane, Inc. Class A | 46,376 | 2,764,473 | ||||||
Intercontinental Exchange, Inc. | 1,100 | 99,385 | ||||||
Raymond James Financial, Inc. | 8,900 | 879,498 | ||||||
Tradeweb Markets, Inc. Class A | 32,000 | 1,805,440 | ||||||
6,804,655 | ||||||||
Insurance — 1.6% | ||||||||
Assurant, Inc. | 18,800 | 2,731,076 | ||||||
Axis Capital Holdings Ltd. | 31,500 | 1,548,225 | ||||||
Kemper Corp. | 10,200 | 420,852 | ||||||
4,700,153 | ||||||||
Private Equity — 1.7% | ||||||||
Ares Management Corp. Class A | 45,088 | 2,793,202 | ||||||
KKR & Co., Inc. | 57,700 | 2,481,100 | ||||||
5,274,302 | ||||||||
16,779,110 | ||||||||
Industrial — 17.8% | ||||||||
Aerospace & Defense — 0.8% | ||||||||
Hexcel Corp. | 47,664 | 2,465,182 | ||||||
Building Materials — 0.8% | ||||||||
Martin Marietta Materials, Inc. | 7,660 | 2,467,209 | ||||||
Electrical Components & Equipment — 0.1% | ||||||||
Littelfuse, Inc. | 1,900 | 377,511 | ||||||
Electronics — 6.2% | ||||||||
Agilent Technologies, Inc. | 72,213 | 8,777,490 | ||||||
Amphenol Corp. Class A | 24,100 | 1,613,736 | ||||||
Fortive Corp. | 53,200 | 3,101,560 | ||||||
Keysight Technologies, Inc. (a) | 23,000 | 3,619,280 | ||||||
National Instruments Corp. | 39,700 | 1,498,278 | ||||||
18,610,344 | ||||||||
Environmental Controls — 0.4% | ||||||||
Waste Connections, Inc. | 8,800 | 1,189,144 | ||||||
Machinery – Construction & Mining — 1.2% | ||||||||
BWX Technologies, Inc. | 69,749 | 3,513,257 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Machinery – Diversified — 3.4% | ||||||||
Cognex Corp. | 22,400 | $ | 928,480 | |||||
Enovis Corp. (a) | 26,578 | 1,224,449 | ||||||
Esab Corp. | 26,378 | 879,970 | ||||||
IDEX Corp. | 8,800 | 1,758,680 | ||||||
Ingersoll Rand, Inc. | 121,500 | 5,256,090 | ||||||
10,047,669 | ||||||||
Miscellaneous - Manufacturing — 1.9% | ||||||||
Textron, Inc. | 96,000 | 5,592,960 | ||||||
Packaging & Containers — 1.8% | ||||||||
Ball Corp. | 66,247 | 3,201,055 | ||||||
Sealed Air Corp. | 47,300 | 2,105,323 | ||||||
5,306,378 | ||||||||
Transportation — 1.2% | ||||||||
J.B. Hunt Transport Services, Inc. | 23,400 | 3,660,228 | ||||||
53,229,882 | ||||||||
Technology — 19.2% | ||||||||
Computers — 2.8% | ||||||||
Crowdstrike Holdings, Inc. Class A (a) | 10,200 | 1,681,062 | ||||||
Fortinet, Inc. (a) | 71,000 | 3,488,230 | ||||||
Leidos Holdings, Inc. | 9,600 | 839,712 | ||||||
Thoughtworks Holding, Inc. (a) | 4,592 | 48,170 | ||||||
Varonis Systems, Inc. (a) | 85,716 | 2,273,188 | ||||||
8,330,362 | ||||||||
Semiconductors — 6.1% | ||||||||
KLA Corp. | 11,200 | 3,389,456 | ||||||
Lattice Semiconductor Corp. (a) | 23,200 | 1,141,672 | ||||||
Marvell Technology, Inc. | 103,000 | 4,419,730 | ||||||
Microchip Technology, Inc. | 99,200 | 6,054,176 | ||||||
ON Semiconductor Corp. (a) | 22,891 | 1,426,796 | ||||||
Synaptics, Inc. (a) | 13,163 | 1,303,269 | ||||||
Wolfspeed, Inc. (a) | 5,400 | 558,144 | ||||||
18,293,243 | ||||||||
Software — 10.3% | ||||||||
Atlassian Corp. PLC Class A (a) | 9,700 | 2,042,723 | ||||||
Bill.com Holdings, Inc. (a) | 6,600 | 873,642 | ||||||
Black Knight, Inc. (a) | 35,400 | 2,291,442 | ||||||
ADR Broadridge Financial Solutions, Inc. | 5,000 | 721,600 | ||||||
CCC Intelligent Solutions Holdings, Inc. (a) | 131,472 | 1,196,395 | ||||||
Ceridian HCM Holding, Inc. (a) | 59,010 | 3,297,479 | ||||||
Clear Secure Inc. Class A (a) (b) | 15,193 | 347,312 | ||||||
DocuSign, Inc. (a) | 11,200 | 598,864 | ||||||
Doximity, Inc. Class A (a) (b) | 17,800 | 537,916 | ||||||
Electronic Arts, Inc. | 25,434 | 2,942,968 | ||||||
Fair Isaac Corp. (a) | 4,000 | 1,648,040 | ||||||
MongoDB, Inc. (a) | 9,239 | 1,834,496 | ||||||
PTC, Inc. (a) | 15,400 | 1,610,840 | ||||||
Roper Technologies, Inc. | 5,800 | 2,085,912 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
SentinelOne Inc. Class A (a) | 20,176 | $ | 515,699 | |||||
Synopsys, Inc. (a) | 8,900 | 2,719,039 | ||||||
Veeva Systems, Inc. Class A (a) | 16,500 | 2,720,520 | ||||||
Vimeo, Inc. (a) | 29,429 | 117,716 | ||||||
ZoomInfo Technologies, Inc. (a) | 61,515 | 2,562,715 | ||||||
30,665,318 | ||||||||
57,288,923 | ||||||||
TOTAL COMMON STOCK (Cost $281,353,956) | 287,615,811 | |||||||
PREFERRED STOCK — 0.5% | ||||||||
Consumer, Cyclical — 0.1% | ||||||||
Auto Manufacturers — 0.1% | ||||||||
Nuro, Inc., Series D (Acquired 10/29/21, Cost $159,220) (a) (c) (d) (e) | 7,638 | 159,220 | ||||||
Consumer, Non-cyclical — 0.1% | ||||||||
Commercial Services — 0.1% | ||||||||
Redwood Materials, Inc., Series C (Acquired 5/28/21, Cost $200,090) (a) (c) (d) (e) | 4,221 | 329,238 | ||||||
Health Care – Services — 0.0% | ||||||||
Caris Life Sciences, Inc., Series D (Acquired 5/11/21, Cost $271,366) (a) (c) (d) (e) | 33,502 | 220,443 | ||||||
549,681 | ||||||||
Financial — 0.1% | ||||||||
Investment Companies — 0.1% | ||||||||
Maplebear, Inc., Series E (Acquired 11/19/21 - 12/01/21, Cost $528,790) (a) (c) (d) (e) | 4,398 | 213,215 | ||||||
Maplebear, Inc., Series I (Acquired 2/26/21, Cost $95,750) (a) (c) (d) (e) | 766 | 37,136 | ||||||
250,351 | ||||||||
Industrial — 0.1% | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Sila Nanotechnologies, Inc., Series F (Acquired 1/07/21, Cost $407,982) (a) (c) (d) (e) | 9,885 | 308,115 | ||||||
Technology — 0.1% | ||||||||
Software — 0.1% | ||||||||
Databricks, Inc., Series G (Acquired 2/01/21, Cost $133,381) (a) (c) (d) (e) | 2,256 | 124,742 | ||||||
Databricks, Inc., Series H (Acquired 8/31/21, Cost $186,503) (a) (c) (d) (e) | 2,538 | 140,334 | ||||||
265,076 | ||||||||
TOTAL PREFERRED STOCK (Cost $1,983,082) | 1,532,443 | |||||||
TOTAL EQUITIES (Cost $283,337,038) | 289,148,254 | |||||||
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
MUTUAL FUNDS — 0.1% | ||||||||
Diversified Financial Services — 0.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (f) | 302,555 | $ | 302,555 | |||||
302,555 | ||||||||
TOTAL MUTUAL FUNDS (Cost $302,555) | 302,555 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $283,639,593) | 289,450,809 | |||||||
SHORT-TERM INVESTMENTS — 3.6% | ||||||||
Mutual Fund — 0.0% | �� | |||||||
T. Rowe Price Treasury Reserve Fund | 102 | 102 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 3.6% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (g) | $ | 10,547,084 | 10,547,084 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $10,547,186) | 10,547,186 | |||||||
TOTAL INVESTMENTS — 100.3% (Cost $294,186,779) (h) | 299,997,995 | |||||||
Other Assets/(Liabilities) — (0.3)% | (784,506) | |||||||
NET ASSETS — 100.0% | $ | 299,213,489 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $5,477,729 or 1.83% of net assets. The Fund received $5,317,230 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Investment is valued using significant unobservable inputs. |
(d) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2022, these securities amounted to a value of $3,973,658 or 1.33% of net assets. |
(e) | Restricted security. Certain securities are restricted as to resale. At September 30, 2022, these securities amounted to a value of $3,973,658 or 1.33% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities. |
(f) | Represents investment of security lending cash collateral. (Note 2). |
(g) | Maturity value of $10,547,813. Collateralized by U.S. Government Agency obligations with rates ranging from 0.000% - 3.500%, maturity dates ranging from 3/30/23 - 9/15/25, and an aggregate market value, including accrued interest, of $10,758,095. |
(h) | See Note 3 for aggregate cost for federal tax purposes. |
MML Mid Cap Value Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 96.0% | ||||||||
COMMON STOCK — 95.1% | ||||||||
Basic Materials — 2.3% | ||||||||
Chemicals — 1.8% | ||||||||
Akzo Nobel NV | 45,054 | $ | 2,540,870 | |||||
Axalta Coating Systems Ltd. (a) | 112,178 | 2,362,469 | ||||||
4,903,339 | ||||||||
Forest Products & Paper — 0.5% | ||||||||
Mondi PLC | 82,834 | 1,279,504 | ||||||
6,182,843 | ||||||||
Communications — 3.1% | ||||||||
Internet — 1.2% | ||||||||
F5, Inc. (a) | 22,005 | 3,184,784 | ||||||
Media — 1.5% | ||||||||
Fox Corp. Class B | 142,070 | 4,048,995 | ||||||
Telecommunications — 0.4% | ||||||||
Juniper Networks, Inc. | 41,382 | 1,080,898 | ||||||
8,314,677 | ||||||||
Consumer, Cyclical — 11.4% | ||||||||
Airlines — 1.6% | ||||||||
Southwest Airlines Co. (a) | 140,458 | 4,331,725 | ||||||
Auto Manufacturers — 1.4% | ||||||||
Cummins, Inc. | 12,592 | 2,562,598 | ||||||
PACCAR, Inc. | 14,789 | 1,237,691 | ||||||
3,800,289 | ||||||||
Auto Parts & Equipment — 2.3% | ||||||||
Aptiv PLC (a) | 10,932 | 854,992 | ||||||
BorgWarner, Inc. | 130,258 | 4,090,101 | ||||||
Cie Generale des Etablissements Michelin SCA | 62,427 | 1,390,805 | ||||||
6,335,898 | ||||||||
Food Services — 0.9% | ||||||||
Sodexo SA | 32,594 | 2,451,372 | ||||||
Leisure Time — 0.1% | ||||||||
Polaris, Inc. | 2,947 | 281,880 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Retail — 5.1% | ||||||||
Advance Auto Parts, Inc. | 28,384 | $ | 4,437,555 | |||||
Beacon Roofing Supply, Inc. (a) | 16,106 | 881,320 | ||||||
Dollar Tree, Inc. (a) | 31,216 | 4,248,498 | ||||||
MSC Industrial Direct Co., Inc. Class A | 56,089 | 4,083,840 | ||||||
13,651,213 | ||||||||
30,852,377 | ||||||||
Consumer, Non-cyclical — 21.0% | ||||||||
Commercial Services — 0.1% | ||||||||
Euronet Worldwide, Inc. (a) | 4,590 | 347,738 | ||||||
Food — 5.4% | ||||||||
Conagra Brands, Inc. | 152,352 | 4,971,246 | ||||||
The J.M. Smucker Co. | 29,193 | 4,011,410 | ||||||
Koninklijke Ahold Delhaize NV | 192,045 | 4,890,224 | ||||||
Orkla ASA | 109,165 | 792,637 | ||||||
14,665,517 | ||||||||
Health Care – Products — 6.8% | ||||||||
Baxter International, Inc. | 29,396 | 1,583,268 | ||||||
Dentsply Sirona, Inc. | 61,222 | 1,735,644 | ||||||
Henry Schein, Inc. (a) | 75,630 | 4,974,185 | ||||||
Hologic, Inc. (a) | 23,169 | 1,494,864 | ||||||
Zimmer Biomet Holdings, Inc. | 81,123 | 8,481,410 | ||||||
18,269,371 | ||||||||
Health Care – Services — 3.7% | ||||||||
HCA Healthcare, Inc. | 1,475 | 271,090 | ||||||
Quest Diagnostics, Inc. | 45,863 | 5,626,932 | ||||||
Universal Health Services, Inc. Class B | 47,229 | 4,164,653 | ||||||
10,062,675 | ||||||||
Household Products & Wares — 1.5% | ||||||||
Kimberly-Clark Corp. | 36,840 | 4,145,974 | ||||||
Pharmaceuticals — 3.5% | ||||||||
AmerisourceBergen Corp. | 31,168 | 4,217,965 | ||||||
Becton Dickinson and Co. | 6,603 | 1,471,347 | ||||||
Cardinal Health, Inc. | 21,641 | 1,443,022 | ||||||
Embecta Corp. | 77,433 | 2,229,296 | ||||||
9,361,630 | ||||||||
56,852,905 | ||||||||
Energy — 4.5% | ||||||||
Oil & Gas — 2.7% | ||||||||
Devon Energy Corp. | 26,829 | 1,613,228 | ||||||
Diamondback Energy, Inc. | 17,340 | 2,088,776 | ||||||
EQT Corp. | 31,104 | 1,267,488 | ||||||
Phillips 66 | 16,673 | 1,345,844 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Pioneer Natural Resources Co. | 4,549 | $ | 984,995 | |||||
7,300,331 | ||||||||
Oil & Gas Services — 0.7% | ||||||||
Baker Hughes Co. | 87,953 | 1,843,495 | ||||||
Pipelines — 1.1% | ||||||||
Enterprise Products Partners LP | 129,310 | 3,074,992 | ||||||
12,218,818 | ||||||||
Financial — 28.6% | ||||||||
Banks — 11.0% | ||||||||
The Bank of New York Mellon Corp. | 178,880 | 6,890,458 | ||||||
First Hawaiian, Inc. | 169,368 | 4,171,534 | ||||||
Northern Trust Corp. | 83,314 | 7,128,346 | ||||||
Prosperity Bancshares, Inc. | 53,751 | 3,584,117 | ||||||
Truist Financial Corp. | 103,414 | 4,502,645 | ||||||
US Bancorp | 46,542 | 1,876,573 | ||||||
Westamerica Bancorp. | 32,321 | 1,690,065 | ||||||
29,843,738 | ||||||||
Diversified Financial Services — 2.6% | ||||||||
Ameriprise Financial, Inc. | 9,819 | 2,473,897 | ||||||
T. Rowe Price Group, Inc. | 42,438 | 4,456,415 | ||||||
6,930,312 | ||||||||
Insurance — 6.0% | ||||||||
Aflac, Inc. | 48,235 | 2,710,807 | ||||||
The Allstate Corp. | 48,265 | 6,010,440 | ||||||
Chubb Ltd. | 7,346 | 1,336,091 | ||||||
The Hanover Insurance Group, Inc. | 17,645 | 2,261,030 | ||||||
Reinsurance Group of America, Inc. | 31,100 | 3,912,691 | ||||||
16,231,059 | ||||||||
Real Estate Investment Trusts (REITS) — 8.6% | ||||||||
Equinix, Inc. | 6,335 | 3,603,601 | ||||||
Essex Property Trust, Inc. | 13,319 | 3,226,261 | ||||||
Healthcare Realty Trust, Inc. | 33,069 | 689,489 | ||||||
Healthpeak Properties, Inc. | 175,104 | 4,013,384 | ||||||
Public Storage | 5,762 | 1,687,171 | ||||||
Realty Income Corp. | 60,346 | 3,512,137 | ||||||
Regency Centers Corp. | 64,300 | 3,462,555 | ||||||
VICI Properties, Inc. | 29,129 | 869,501 | ||||||
Weyerhaeuser Co. | 26,908 | 768,493 | ||||||
WP Carey, Inc. | 20,499 | 1,430,830 | ||||||
23,263,422 | ||||||||
Savings & Loans — 0.4% | ||||||||
Capitol Federal Financial, Inc. | 136,550 | 1,133,365 | ||||||
77,401,896 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Industrial — 14.6% | ||||||||
Building Materials — 0.8% | ||||||||
Cie de Saint-Gobain | 60,879 | $ | 2,171,178 | |||||
Electrical Components & Equipment — 2.2% | ||||||||
Emerson Electric Co. | 79,448 | 5,817,183 | ||||||
Electronics — 3.3% | ||||||||
Atkore, Inc. (a) | 16,118 | 1,254,141 | ||||||
Hubbell, Inc. | 2,789 | 621,947 | ||||||
nVent Electric PLC | 140,060 | 4,427,297 | ||||||
TE Connectivity Ltd. | 23,237 | 2,564,436 | ||||||
8,867,821 | ||||||||
Engineering & Construction — 0.8% | ||||||||
Vinci SA | 26,670 | 2,142,279 | ||||||
Environmental Controls — 0.5% | ||||||||
Republic Services, Inc. | 10,441 | 1,420,394 | ||||||
Hand & Machine Tools — 0.3% | ||||||||
Stanley Black & Decker, Inc. | 12,138 | 912,899 | ||||||
Machinery – Construction & Mining — 1.6% | ||||||||
Oshkosh Corp. | 61,036 | 4,290,220 | ||||||
Machinery – Diversified — 0.5% | ||||||||
IMI PLC | 104,141 | 1,292,047 | ||||||
Packaging & Containers — 2.8% | ||||||||
Amcor PLC | 156,029 | 1,674,191 | ||||||
Packaging Corp. of America | 37,361 | 4,195,267 | ||||||
Sonoco Products Co. | 27,535 | 1,562,060 | ||||||
7,431,518 | ||||||||
Shipbuilding — 1.1% | ||||||||
Huntington Ingalls Industries, Inc. | 13,945 | 3,088,818 | ||||||
Transportation — 0.7% | ||||||||
Heartland Express, Inc. | 138,412 | 1,980,676 | ||||||
39,415,033 | ||||||||
Technology — 2.7% | ||||||||
Computers — 1.7% | ||||||||
Amdocs Ltd. | 28,321 | 2,250,103 | ||||||
HP, Inc. | 92,128 | 2,295,830 | ||||||
4,545,933 | ||||||||
Semiconductors — 0.4% | ||||||||
Applied Materials, Inc. | 13,123 | 1,075,168 | ||||||
Software — 0.6% | ||||||||
Electronic Arts, Inc. | 4,737 | 548,118 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Open Text Corp. | 47,691 | $ | 1,260,950 | |||||
1,809,068 | ||||||||
7,430,169 | ||||||||
Utilities — 6.9% | ||||||||
Electric — 4.9% | ||||||||
Duke Energy Corp. | 2,916 | 271,246 | ||||||
Edison International | 78,211 | 4,425,178 | ||||||
Evergy, Inc. | 10,676 | 634,155 | ||||||
Eversource Energy | 12,849 | 1,001,708 | ||||||
NorthWestern Corp. (b) | 78,618 | 3,874,295 | ||||||
Pinnacle West Capital Corp. | 48,929 | 3,156,410 | ||||||
13,362,992 | ||||||||
Gas — 2.0% | ||||||||
Atmos Energy Corp. | 6,445 | 656,423 | ||||||
Spire, Inc. | 75,641 | 4,714,704 | ||||||
5,371,127 | ||||||||
18,734,119 | ||||||||
TOTAL COMMON STOCK (Cost $288,790,100) | 257,402,837 | |||||||
PREFERRED STOCK — 0.9% | ||||||||
Consumer, Non-cyclical — 0.9% | ||||||||
Household Products & Wares — 0.9% | ||||||||
Henkel AG & Co. KGaA | 41,023 | 2,452,040 | ||||||
TOTAL PREFERRED STOCK (Cost $2,659,139) | 2,452,040 | |||||||
TOTAL EQUITIES (Cost $291,449,239) | 259,854,877 | |||||||
MUTUAL FUNDS — 1.8% | ||||||||
Diversified Financial Services — 1.8% | ||||||||
iShares Russell Mid-Cap Value ETF | 51,303 | 4,927,653 | ||||||
4,927,653 | ||||||||
TOTAL MUTUAL FUNDS (Cost $5,403,539) | 4,927,653 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $296,852,778) | 264,782,530 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 2.4% | ||||||||
Repurchase Agreement — 2.4% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (c) | $ | 6,298,287 | 6,298,287 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $6,298,287) | $ | 6,298,287 | ||||||
TOTAL INVESTMENTS — 100.2% (Cost $303,151,065) (d) | 271,080,817 | |||||||
Other Assets/(Liabilities) — (0.2)% | (427,755) | |||||||
NET ASSETS — 100.0% | $ | 270,653,062 |
Abbreviation Legend
ETF | Exchange-Traded Fund |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $3,555,754 or 1.31% of net assets. The Fund received $3,629,512 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Maturity value of $6,298,722. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $6,424,327. |
(d) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Bank of America N.A. | 12/30/22 | GBP | 62,686 | USD | $67,046 | $ | 3,044 | |||||||||
Bank of America N.A. | 12/30/22 | USD | 2,265,861 | GBP | 2,005,231 | 23,791 | ||||||||||
JP Morgan Chase Bank N.A. | 12/30/22 | EUR | 548,795 | USD | 531,055 | 10,625 | ||||||||||
JP Morgan Chase Bank N.A. | 12/30/22 | USD | 16,147,728 | EUR | 16,435,430 | (74,623) | ||||||||||
UBS AG | 12/30/22 | NOK | 871,245 | USD | 81,456 | (1,262) | ||||||||||
UBS AG | 12/30/22 | USD | 779,404 | NOK | 8,090,326 | 34,725 | ||||||||||
$ | (3,700) |
Currency Legend
EUR | Euro |
GBP | British Pound |
NOK | Norwegian Krone |
USD | U.S. Dollar |
MML Small Cap Growth Equity Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.7% | ||||||||
COMMON STOCK — 98.7% | ||||||||
Basic Materials — 2.9% | ||||||||
Chemicals — 2.0% | ||||||||
Cabot Corp. | 33,058 | $ | 2,112,076 | |||||
Methanex Corp. | 19,658 | 626,500 | ||||||
2,738,576 | ||||||||
Mining — 0.9% | ||||||||
Livent Corp. (a) (b) | 40,478 | 1,240,651 | ||||||
3,979,227 | ||||||||
Communications — 5.7% | ||||||||
Internet — 2.7% | ||||||||
Bumble, Inc. Class A (a) (b) | 10,172 | 218,596 | ||||||
Cargurus, Inc. (a) | 66,668 | 944,685 | ||||||
Criteo SA Sponsored ADR (a) | 22,152 | 598,769 | ||||||
Perficient, Inc. (a) | 18,464 | 1,200,529 | ||||||
Ziff Davis, Inc. (a) | 10,968 | 751,089 | ||||||
3,713,668 | ||||||||
Media — 0.5% | ||||||||
The New York Times Co. Class A | 21,588 | 620,655 | ||||||
Telecommunications — 2.5% | ||||||||
Calix, Inc. (a) | 42,778 | 2,615,447 | ||||||
Viavi Solutions, Inc. (a) | 57,712 | 753,142 | ||||||
3,368,589 | ||||||||
7,702,912 | ||||||||
Consumer, Cyclical — 10.6% | ||||||||
Apparel — 1.9% | ||||||||
Carter's, Inc. (b) | 6,844 | 448,487 | ||||||
Crocs, Inc. (a) | 7,691 | 528,064 | ||||||
Deckers Outdoor Corp. (a) | 1,756 | 548,943 | ||||||
Steven Madden Ltd. | 37,292 | 994,578 | ||||||
2,520,072 | ||||||||
Distribution & Wholesale — 0.7% | ||||||||
WESCO International, Inc. (a) | 8,115 | 968,769 | ||||||
Entertainment — 0.4% | ||||||||
Cinemark Holdings, Inc. (a) | 44,497 | 538,859 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Food Services — 0.6% | ||||||||
Sovos Brands, Inc. (a) | 59,623 | $ | 849,031 | |||||
Home Builders — 1.7% | ||||||||
Century Communities, Inc. | 16,821 | 719,602 | ||||||
Skyline Champion Corp. (a) | 30,634 | 1,619,620 | ||||||
2,339,222 | ||||||||
Leisure Time — 0.5% | ||||||||
Acushnet Holdings Corp. | 14,494 | 630,344 | ||||||
Lodging — 0.5% | ||||||||
Boyd Gaming Corp. | 14,582 | 694,832 | ||||||
Retail — 4.3% | ||||||||
Denny's Corp. (a) | 44,115 | 415,122 | ||||||
Nu Skin Enterprises, Inc. Class A | 18,905 | 630,860 | ||||||
Patrick Industries, Inc. | 13,955 | 611,787 | ||||||
Rush Enterprises, Inc. Class A | 18,074 | 792,726 | ||||||
Texas Roadhouse, Inc. | 13,442 | 1,172,949 | ||||||
Victoria's Secret & Co. (a) | 21,000 | 611,520 | ||||||
Wingstop, Inc. | 13,227 | 1,658,930 | ||||||
5,893,894 | ||||||||
14,435,023 | ||||||||
Consumer, Non-cyclical — 27.0% | ||||||||
Beverages — 0.6% | ||||||||
Celsius Holdings, Inc. (a) | 8,555 | 775,767 | ||||||
Biotechnology — 8.7% | ||||||||
Akero Therapeutics, Inc. (a) (b) | 12,549 | 427,294 | ||||||
Amicus Therapeutics, Inc. (a) | 63,164 | 659,432 | ||||||
Apellis Pharmaceuticals, Inc. (a) | 14,037 | 958,727 | ||||||
Blueprint Medicines Corp. (a) | 7,881 | 519,279 | ||||||
Celldex Therapeutics, Inc. (a) | 7,753 | 217,937 | ||||||
Crinetics Pharmaceuticals, Inc. (a) | 36,441 | 715,701 | ||||||
Cytokinetics, Inc. (a) | 23,326 | 1,130,145 | ||||||
Fate Therapeutics, Inc. (a) (b) | 7,430 | 166,506 | ||||||
Halozyme Therapeutics, Inc. (a) | 8,232 | 325,493 | ||||||
Immatics NV (a) | 32,826 | 328,260 | ||||||
Intellia Therapeutics, Inc. (a) | 6,550 | 366,538 | ||||||
Intra-Cellular Therapies, Inc. (a) | 9,503 | 442,175 | ||||||
Karuna Therapeutics, Inc. (a) | 2,894 | 650,947 | ||||||
Kymera Therapeutics, Inc. (a) | 19,528 | 425,125 | ||||||
Mirati Therapeutics, Inc. (a) | 2,696 | 188,289 | ||||||
Myriad Genetics, Inc. (a) | 32,073 | 611,953 | ||||||
PTC Therapeutics, Inc. (a) | 10,484 | 526,297 | ||||||
Relay Therapeutics, Inc. (a) | 12,838 | 287,186 | ||||||
Revolution Medicines, Inc. (a) | 35,539 | 700,829 | ||||||
Rocket Pharmaceuticals, Inc. (a) | 36,445 | 581,662 | ||||||
Sage Therapeutics, Inc. (a) | 5,734 | 224,543 | ||||||
Syndax Pharmaceuticals, Inc. (a) | 28,924 | 695,044 | ||||||
Veracyte, Inc. (a) | 24,474 | 406,268 | ||||||
Zentalis Pharmaceuticals, Inc. (a) | 13,250 | 286,995 | ||||||
11,842,625 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Commercial Services — 4.5% | ||||||||
Cross Country Healthcare, Inc. (a) | 26,718 | $ | 757,990 | |||||
H&R Block, Inc. | 18,771 | 798,518 | ||||||
HealthEquity, Inc. (a) | 7,771 | 521,978 | ||||||
Herc Holdings, Inc. | 4,500 | 467,460 | ||||||
R1 RCM, Inc. (a) | 66,284 | 1,228,242 | ||||||
TriNet Group, Inc. (a) | 23,107 | 1,645,681 | ||||||
WillScot Mobile Mini Holdings Corp. (a) | 19,432 | 783,693 | ||||||
6,203,562 | ||||||||
Cosmetics & Personal Care — 1.2% | ||||||||
elf Beauty, Inc. (a) | 44,833 | 1,686,617 | ||||||
Food — 0.7% | ||||||||
Performance Food Group Co. (a) | 20,989 | 901,478 | ||||||
Health Care – Products — 5.9% | ||||||||
Glaukos Corp. (a) | 10,784 | 574,140 | ||||||
Globus Medical, Inc. Class A (a) | 23,694 | 1,411,451 | ||||||
Haemonetics Corp. (a) | 28,133 | 2,082,686 | ||||||
ICU Medical, Inc. (a) | 4,703 | 708,272 | ||||||
Inari Medical, Inc. (a) | 12,142 | 881,995 | ||||||
Inspire Medical Systems, Inc. (a) | 6,981 | 1,238,220 | ||||||
Integra LifeSciences Holdings Corp. (a) | 14,402 | 610,069 | ||||||
Omnicell, Inc. (a) | 6,464 | 562,562 | ||||||
8,069,395 | ||||||||
Health Care – Services — 1.6% | ||||||||
Acadia Healthcare Co., Inc. (a) | 19,597 | 1,532,094 | ||||||
Amedisys, Inc. (a) | 7,265 | 703,179 | ||||||
2,235,273 | ||||||||
Pharmaceuticals — 3.8% | ||||||||
Aclaris Therapeutics, Inc. (a) | 25,895 | 407,587 | ||||||
Alkermes PLC (a) | 9,199 | 205,414 | ||||||
Ascendis Pharma A/S ADR (a) | 2,726 | 281,487 | ||||||
BellRing Brands, Inc. (a) | 32,249 | 664,652 | ||||||
Covetrus, Inc. (a) | 56,804 | 1,186,068 | ||||||
Myovant Sciences Ltd. (a) (b) | 23,699 | 425,634 | ||||||
Owens & Minor, Inc. | 57,422 | 1,383,870 | ||||||
Pacira BioSciences, Inc. (a) | 6,764 | 359,777 | ||||||
Y-mAbs Therapeutics, Inc. (a) | 14,253 | 205,528 | ||||||
5,120,017 | ||||||||
36,834,734 | ||||||||
Energy — 6.8% | ||||||||
Energy – Alternate Sources — 1.0% | ||||||||
First Solar, Inc. (a) | 8,087 | 1,069,668 | ||||||
Maxeon Solar Technologies Ltd. (a) (b) | 14,577 | 346,495 | ||||||
1,416,163 | ||||||||
Oil & Gas — 5.6% | ||||||||
Brigham Minerals, Inc. Class A | 57,567 | 1,420,178 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Chord Energy Corp. (b) | 16,519 | $ | 2,259,304 | |||||
Magnolia Oil & Gas Corp. Class A | 22,841 | 452,480 | ||||||
SM Energy Co. | 36,660 | 1,378,782 | ||||||
Viper Energy Partners LP (c) | 72,695 | 2,083,439 | ||||||
7,594,183 | ||||||||
Oil & Gas Services — 0.2% | ||||||||
Aris Water Solution, Inc. Class A (b) | 24,323 | 310,361 | ||||||
9,320,707 | ||||||||
Financial — 16.9% | ||||||||
Banks — 5.3% | ||||||||
Ameris Bancorp | 45,098 | 2,016,331 | ||||||
Atlantic Union Bankshares Corp. | 26,373 | 801,212 | ||||||
Cadence Bank | 31,758 | 806,971 | ||||||
First Interstate BancSystem, Inc. Class A | 24,597 | 992,489 | ||||||
National Bank Holdings Corp. Class A | 22,726 | 840,635 | ||||||
Seacoast Banking Corp. of Florida | 27,976 | 845,714 | ||||||
Synovus Financial Corp. | 23,953 | 898,477 | ||||||
7,201,829 | ||||||||
Diversified Financial Services — 3.2% | ||||||||
Air Lease Corp. | 26,713 | 828,370 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b) | 48,106 | 1,439,813 | ||||||
PJT Partners, Inc. Class A | 6,200 | 414,284 | ||||||
PRA Group, Inc. (a) | 25,866 | 849,957 | ||||||
StepStone Group, Inc. Class A | 30,822 | 755,447 | ||||||
4,287,871 | ||||||||
Insurance — 2.3% | ||||||||
Assured Guaranty Ltd. | 21,647 | 1,048,797 | ||||||
Kemper Corp. | 16,029 | 661,357 | ||||||
MGIC Investment Corp. | 55,298 | 708,920 | ||||||
Selective Insurance Group, Inc. | 8,755 | 712,657 | ||||||
3,131,731 | ||||||||
Real Estate — 0.6% | ||||||||
McGrath RentCorp | 9,902 | 830,382 | ||||||
Real Estate Investment Trusts (REITS) — 5.5% | ||||||||
Centerspace | 9,658 | 650,176 | ||||||
Douglas Emmett, Inc. | 29,863 | 535,444 | ||||||
Essential Properties Realty Trust, Inc. | 73,557 | 1,430,684 | ||||||
Independence Realty Trust, Inc. | 34,175 | 571,748 | ||||||
National Storage Affiliates Trust | 14,038 | 583,700 | ||||||
Phillips Edison & Co., Inc. (b) | 55,805 | 1,565,330 | ||||||
PotlatchDeltic Corp. | 18,024 | 739,705 | ||||||
Ryman Hospitality Properties, Inc. | 11,828 | 870,422 | ||||||
Xenia Hotels & Resorts, Inc. | 43,835 | 604,485 | ||||||
7,551,694 | ||||||||
23,003,507 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Industrial — 16.5% | ||||||||
Aerospace & Defense — 1.6% | ||||||||
Curtiss-Wright Corp. | 7,048 | $ | 980,800 | |||||
Mercury Systems, Inc. (a) | 15,065 | 611,639 | ||||||
Spirit AeroSystems Holdings, Inc. Class A | 25,037 | 548,811 | ||||||
2,141,250 | ||||||||
Building Materials — 0.8% | ||||||||
The AZEK Co., Inc (a) | 32,997 | 548,410 | ||||||
Louisiana-Pacific Corp. | 10,816 | 553,671 | ||||||
1,102,081 | ||||||||
Electrical Components & Equipment — 1.2% | ||||||||
Acuity Brands, Inc. | 6,322 | 995,526 | ||||||
Novanta, Inc. (a) | 5,065 | 585,767 | ||||||
1,581,293 | ||||||||
Electronics — 0.3% | ||||||||
Coherent Corp. (a) | 10,487 | 365,472 | ||||||
Engineering & Construction — 2.2% | ||||||||
Comfort Systems USA, Inc. | 8,295 | 807,352 | ||||||
Fluor Corp. (a) | 91,163 | 2,269,047 | ||||||
3,076,399 | ||||||||
Environmental Controls — 1.1% | ||||||||
Casella Waste Systems, Inc. Class A (a) | 9,635 | 736,018 | ||||||
Clean Harbors, Inc. (a) | 6,454 | 709,811 | ||||||
1,445,829 | ||||||||
Hand & Machine Tools — 1.1% | ||||||||
Enerpac Tool Group Corp. | 13,658 | 243,522 | ||||||
Kennametal, Inc. | 28,740 | 591,469 | ||||||
Regal Rexnord Corp. | 4,850 | 680,746 | ||||||
1,515,737 | ||||||||
Machinery – Diversified — 5.9% | ||||||||
Albany International Corp. Class A | 9,145 | 720,900 | ||||||
Applied Industrial Technologies, Inc. | 18,055 | 1,855,693 | ||||||
Cactus, Inc. Class A | 22,030 | 846,613 | ||||||
Chart Industries, Inc. (a) (b) | 7,506 | 1,383,731 | ||||||
Enovis Corp. (a) | 12,988 | 598,357 | ||||||
Flowserve Corp. | 26,416 | 641,909 | ||||||
The Middleby Corp. (a) | 4,698 | 602,143 | ||||||
Zurn Elkay Water Solutions Corp. | 57,957 | 1,419,946 | ||||||
8,069,292 | ||||||||
Metal Fabricate & Hardware — 0.5% | ||||||||
Helios Technologies, Inc. | 12,623 | 638,724 | ||||||
Packaging & Containers — 0.7% | ||||||||
Graphic Packaging Holding Co. | 49,851 | 984,059 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Transportation — 0.6% | ||||||||
Kirby Corp. (a) | 13,812 | $ | 839,355 | |||||
Trucking & Leasing — 0.5% | ||||||||
GATX Corp. | 8,376 | 713,216 | ||||||
22,472,707 | ||||||||
Technology — 10.4% | ||||||||
Computers — 1.8% | ||||||||
Exlservice Holdings, Inc. (a) | 6,427 | 947,083 | ||||||
Rapid7, Inc. (a) | 27,213 | 1,167,437 | ||||||
Varonis Systems, Inc. (a) | 12,490 | 331,235 | ||||||
2,445,755 | ||||||||
Semiconductors — 3.0% | ||||||||
Cirrus Logic, Inc. (a) | 9,616 | 661,581 | ||||||
FormFactor, Inc. (a) | 22,430 | 561,871 | ||||||
MKS Instruments, Inc. | 4,825 | 398,738 | ||||||
Power Integrations, Inc. | 11,521 | 741,031 | ||||||
Synaptics, Inc. (a) | 7,969 | 789,011 | ||||||
Tower Semiconductor Ltd. (a) | 21,047 | 924,805 | ||||||
4,077,037 | ||||||||
Software — 5.6% | ||||||||
DoubleVerify Holdings, Inc. (a) | 28,170 | 770,450 | ||||||
Five9, Inc. (a) | 10,617 | 796,063 | ||||||
Jamf Holding Corp. (a) (b) | 79,930 | 1,771,249 | ||||||
Manhattan Associates, Inc. (a) | 5,756 | 765,721 | ||||||
New Relic, Inc. (a) | 10,017 | 574,775 | ||||||
PowerSchool Holdings, Inc. Class A (a) | 27,605 | 460,727 | ||||||
RingCentral, Inc. Class A (a) | 23,338 | 932,586 | ||||||
Verra Mobility Corp. (a) | 97,426 | 1,497,438 | ||||||
7,569,009 | ||||||||
14,091,801 | ||||||||
Utilities — 1.9% | ||||||||
Electric — 1.4% | ||||||||
Ameresco, Inc. Class A (a) | 4,322 | 287,327 | ||||||
Atlantica Sustainable Infrastructure PLC | 27,431 | 721,435 | ||||||
Portland General Electric Co. | 21,100 | 917,006 | ||||||
1,925,768 | ||||||||
Gas — 0.5% | ||||||||
ONE Gas, Inc. | 9,661 | 680,038 | ||||||
2,605,806 | ||||||||
TOTAL COMMON STOCK (Cost $143,388,938) | 134,446,424 | |||||||
TOTAL EQUITIES (Cost $143,388,938) | 134,446,424 | |||||||
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
MUTUAL FUNDS — 2.2% | ||||||||
Diversified Financial Services — 2.2% | ||||||||
iShares Russell 2000 ETF | 5,987 | $ | 987,376 | |||||
iShares Russell 2000 Growth ETF (b) | 2,985 | 616,671 | ||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 1,387,498 | 1,387,498 | ||||||
2,991,545 | ||||||||
TOTAL MUTUAL FUNDS (Cost $3,077,556) | 2,991,545 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $146,466,494) | 137,437,969 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 1.2% | ||||||||
Repurchase Agreement — 1.2% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (e) | $ | 1,653,811 | 1,653,811 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,653,811) | 1,653,811 | |||||||
TOTAL INVESTMENTS — 102.1% (Cost $148,120,305) (f) | 139,091,780 | |||||||
Other Assets/(Liabilities) — (2.1)% | (2,889,648) | |||||||
NET ASSETS — 100.0% | $ | 136,202,132 |
Abbreviation Legend
ADR | American Depositary Receipt |
ETF | Exchange-Traded Fund |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $6,789,347 or 4.98% of net assets. The Fund received $5,577,052 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Security is a Master Limited Partnership. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $1,653,926. Collateralized by U.S. Government Agency obligations with a rate of 3.500%, maturity date of 9/15/25, and an aggregate market value, including accrued interest, of $1,687,005. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Small Company Value Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.9% | ||||||||
COMMON STOCK — 99.9% | ||||||||
Basic Materials — 1.5% | ||||||||
Chemicals — 1.5% | ||||||||
Element Solutions, Inc. | 24,588 | $ | 400,047 | |||||
Minerals Technologies, Inc. | 14,035 | 693,469 | ||||||
1,093,516 | ||||||||
Communications — 1.0% | ||||||||
Advertising — 0.7% | ||||||||
Entravision Communications Corp. Class A | 114,020 | 452,660 | ||||||
Internet — 0.2% | ||||||||
Solo Brands, Inc. Class A (a) | 34,044 | 129,367 | ||||||
Media — 0.1% | ||||||||
Townsquare Media, Inc. Class A (a) | 12,543 | 91,062 | ||||||
673,089 | ||||||||
Consumer, Cyclical — 17.5% | ||||||||
Apparel — 1.9% | ||||||||
Tapestry, Inc. | 47,204 | 1,342,010 | ||||||
Distribution & Wholesale — 1.4% | ||||||||
A-Mark Precious Metals, Inc. (b) | 18,599 | 528,026 | ||||||
KAR Auction Services, Inc. (a) | 42,525 | 475,004 | ||||||
1,003,030 | ||||||||
Entertainment — 1.0% | ||||||||
Accel Entertainment, Inc. (a) | 58,211 | 454,627 | ||||||
Penn Entertainment, Inc. (a) | 10,437 | 287,122 | ||||||
741,749 | ||||||||
Home Builders — 1.8% | ||||||||
Skyline Champion Corp. (a) | 23,799 | 1,258,253 | ||||||
Home Furnishing — 0.2% | ||||||||
Vizio Holding Corp. Class A (a) (b) | 14,781 | 129,186 | ||||||
Leisure Time — 3.7% | ||||||||
Brunswick Corp. | 19,338 | 1,265,672 | ||||||
Malibu Boats, Inc. Class A (a) | 14,652 | 703,150 | ||||||
OneWater Marine, Inc. Class A (a) | 20,731 | 624,210 | ||||||
2,593,032 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Lodging — 0.4% | ||||||||
Boyd Gaming Corp. | 6,293 | $ | 299,861 | |||||
Retail — 6.9% | ||||||||
Beacon Roofing Supply, Inc. (a) (b) | 20,439 | 1,118,422 | ||||||
Dave & Buster's Entertainment, Inc. (a) | 17,333 | 537,843 | ||||||
GMS, Inc. (a) | 20,373 | 815,124 | ||||||
MarineMax, Inc. (a) | 21,883 | 651,894 | ||||||
Penske Automotive Group, Inc. | 12,316 | 1,212,264 | ||||||
Red Robin Gourmet Burgers, Inc. (a) (b) | 25,507 | 171,662 | ||||||
RH (a) (b) | 1,589 | 391,005 | ||||||
4,898,214 | ||||||||
Textiles — 0.2% | ||||||||
UniFirst Corp. | 761 | 128,023 | ||||||
12,393,358 | ||||||||
Consumer, Non-cyclical — 14.1% | ||||||||
Commercial Services — 8.6% | ||||||||
AMN Healthcare Services, Inc. (a) | 2,980 | 315,761 | ||||||
Barrett Business Services, Inc. | 5,372 | 419,016 | ||||||
The Brink's Co. | 27,091 | 1,312,288 | ||||||
Deluxe Corp. | 33,368 | 555,577 | ||||||
Euronet Worldwide, Inc. (a) | 4,593 | 347,966 | ||||||
EVERTEC, Inc. | 47,902 | 1,501,728 | ||||||
Korn Ferry | 23,696 | 1,112,527 | ||||||
Loomis AB | 21,758 | 533,923 | ||||||
6,098,786 | ||||||||
Cosmetics & Personal Care — 1.9% | ||||||||
Edgewell Personal Care Co. | 35,797 | 1,338,808 | ||||||
Health Care – Products — 1.2% | ||||||||
Patterson Cos., Inc. | 31,774 | 763,211 | ||||||
Zimvie, Inc. (a) | 11,022 | 108,787 | ||||||
871,998 | ||||||||
Health Care – Services — 0.1% | ||||||||
National HealthCare Corp. | 652 | 41,298 | ||||||
Household Products & Wares — 1.6% | ||||||||
Spectrum Brands Holdings, Inc. | 28,224 | 1,101,583 | ||||||
Pharmaceuticals — 0.7% | ||||||||
Embecta Corp. | 17,918 | 515,859 | ||||||
9,968,332 | ||||||||
Energy — 2.6% | ||||||||
Energy – Alternate Sources — 0.8% | ||||||||
Enviva, Inc. (b) | 8,843 | 531,111 | ||||||
Oil & Gas — 0.2% | ||||||||
Earthstone Energy, Inc. Class A (a) (b) | 13,876 | 170,952 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Oil & Gas Services — 1.6% | ||||||||
ChampionX Corp. | 57,084 | $ | 1,117,134 | |||||
NCS Multistage Holdings, Inc. (a) | 479 | 10,418 | ||||||
1,127,552 | ||||||||
1,829,615 | ||||||||
Financial — 35.8% | ||||||||
Banks — 23.8% | ||||||||
Ameris Bancorp | 23,817 | 1,064,858 | ||||||
BankUnited, Inc. | 28,208 | 963,867 | ||||||
ConnectOne Bancorp, Inc. | 15,977 | 368,430 | ||||||
F.N.B. Corp. | 128,016 | 1,484,986 | ||||||
First BanCorp | 120,439 | 1,647,606 | ||||||
First Hawaiian, Inc. | 4,424 | 108,963 | ||||||
First Interstate BancSystem, Inc. Class A | 12,189 | 491,826 | ||||||
First Merchants Corp. | 7,447 | 288,050 | ||||||
First Mid Bancshares, Inc. | 4,357 | 139,293 | ||||||
Home BancShares, Inc. | 52,240 | 1,175,922 | ||||||
Independent Bank Corp. | 1,846 | 137,582 | ||||||
Independent Bank Group, Inc. | 13,387 | 821,828 | ||||||
Old National Bancorp | 98,019 | 1,614,373 | ||||||
Origin Bancorp, Inc. | 10,135 | 389,894 | ||||||
PacWest Bancorp | 11,041 | 249,527 | ||||||
Premier Financial Corp. | 10,545 | 271,007 | ||||||
QCR Holdings, Inc. | 5,927 | 301,921 | ||||||
SouthState Corp. | 19,477 | 1,541,020 | ||||||
Towne Bank | 14,411 | 386,647 | ||||||
UMB Financial Corp. | 17,290 | 1,457,374 | ||||||
Valley National Bancorp | 109,418 | 1,181,714 | ||||||
Veritex Holdings, Inc. | 27,878 | 741,276 | ||||||
16,827,964 | ||||||||
Diversified Financial Services — 0.1% | ||||||||
Enact Holdings, Inc. | 4,653 | 103,157 | ||||||
Insurance — 2.1% | ||||||||
Axis Capital Holdings Ltd. | 23,783 | 1,168,935 | ||||||
ProAssurance Corp. | 16,508 | 322,071 | ||||||
1,491,006 | ||||||||
Investment Companies — 1.8% | ||||||||
Compass Diversified Holdings (b) | 68,583 | 1,238,609 | ||||||
Private Equity — 0.3% | ||||||||
Patria Investments Ltd. Class A | 16,342 | 213,263 | ||||||
Real Estate Investment Trusts (REITS) — 5.8% | ||||||||
CareTrust REIT, Inc. | 27,361 | 495,508 | ||||||
Cousins Properties, Inc. | 9,967 | 232,729 | ||||||
Easterly Government Properties, Inc. | 15,880 | 250,428 | ||||||
Four Corners Property Trust, Inc. | 25,402 | 614,474 | ||||||
Getty Realty Corp. | 11,773 | 316,576 | ||||||
Highwoods Properties, Inc. | 9,849 | 265,529 | ||||||
Kite Realty Group Trust | 31,579 | 543,790 | ||||||
National Health Investors, Inc. | 8,684 | 490,906 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
NetStreit Corp. (b) | 9,975 | $ | 177,655 | |||||
Physicians Realty Trust | 15,073 | 226,698 | ||||||
Sabra Health Care REIT, Inc. | 16,138 | 211,731 | ||||||
Summit Hotel Properties, Inc. | 40,143 | 269,761 | ||||||
4,095,785 | ||||||||
Savings & Loans — 1.9% | ||||||||
Pacific Premier Bancorp, Inc. | 32,382 | 1,002,547 | ||||||
Provident Financial Services, Inc. | 17,857 | 348,211 | ||||||
1,350,758 | ||||||||
25,320,542 | ||||||||
Industrial — 18.9% | ||||||||
Building Materials — 2.1% | ||||||||
Hayward Holdings, Inc. (a) | 43,412 | 385,064 | ||||||
Mohawk Industries, Inc. (a) | 4,534 | 413,456 | ||||||
Tecnoglass, Inc. | 32,182 | 675,500 | ||||||
1,474,020 | ||||||||
Electrical Components & Equipment — 1.4% | ||||||||
Belden, Inc. | 15,094 | 905,942 | ||||||
Graham Corp. | 10,695 | 94,009 | ||||||
999,951 | ||||||||
Electronics — 5.4% | ||||||||
Advanced Energy Industries, Inc. | 3,640 | 281,772 | ||||||
Avnet, Inc. | 36,723 | 1,326,435 | ||||||
Coherent Corp. (a) | 44,482 | 1,550,198 | ||||||
RADA Electronic Industries Ltd. (a) (b) | 8,694 | 83,723 | ||||||
Vontier Corp. | 31,784 | 531,111 | ||||||
3,773,239 | ||||||||
Engineering & Construction — 0.8% | ||||||||
Dycom Industries, Inc. (a) | 5,912 | 564,773 | ||||||
Environmental Controls — 0.3% | ||||||||
CECO Environmental Corp. (a) | 18,885 | 167,132 | ||||||
Charah Solutions, Inc. (a) (b) | 32,498 | 59,472 | ||||||
226,604 | ||||||||
Hand & Machine Tools — 0.2% | ||||||||
Luxfer Holdings PLC | 11,432 | 165,764 | ||||||
Machinery – Diversified — 3.2% | ||||||||
DXP Enterprises, Inc. (a) | 12,693 | 300,570 | ||||||
Enovis Corp. (a) | 16,380 | 754,627 | ||||||
Esab Corp. | 12,395 | 413,497 | ||||||
Gates Industrial Corp. PLC (a) | 82,366 | 803,892 | ||||||
2,272,586 | ||||||||
Metal Fabricate & Hardware — 2.7% | ||||||||
Hillman Solutions Corp. (a) | 30,235 | 227,972 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
The Timken Co. | 28,355 | $ | 1,674,079 | |||||
1,902,051 | ||||||||
Miscellaneous - Manufacturing — 0.1% | ||||||||
DIRTT Environmental Solutions (a) (b) | 64,423 | 27,702 | ||||||
Packaging & Containers — 2.7% | ||||||||
Graphic Packaging Holding Co. | 62,516 | 1,234,066 | ||||||
Karat Packaging, Inc. (a) | 5,817 | 93,014 | ||||||
Pactiv Evergreen, Inc. | 68,684 | 599,611 | ||||||
1,926,691 | ||||||||
13,333,381 | ||||||||
Technology — 6.8% | ||||||||
Semiconductors — 2.8% | ||||||||
Cohu, Inc. (a) | 24,592 | 633,982 | ||||||
Kulicke & Soffa Industries, Inc. | 33,816 | 1,302,930 | ||||||
1,936,912 | ||||||||
Software — 4.0% | ||||||||
Digital Turbine, Inc. (a) | 18,202 | 262,291 | ||||||
Donnelley Financial Solutions, Inc. (a) | 21,855 | 807,979 | ||||||
IBEX Holdings Ltd. (a) (b) | 11,954 | 221,986 | ||||||
Teradata Corp. (a) | 50,261 | 1,561,107 | ||||||
2,853,363 | ||||||||
4,790,275 | ||||||||
Utilities — 1.7% | ||||||||
Electric — 0.8% | ||||||||
ALLETE, Inc. | 5,375 | 269,019 | ||||||
PNM Resources, Inc. | 6,623 | 302,870 | ||||||
571,889 | ||||||||
Gas — 0.9% | ||||||||
Northwest Natural Holding Co. | 3,416 | 148,187 | ||||||
Southwest Gas Holdings, Inc. | 7,050 | 491,737 | ||||||
639,924 | ||||||||
1,211,813 | ||||||||
TOTAL COMMON STOCK (Cost $89,715,551) | 70,613,921 | |||||||
TOTAL EQUITIES (Cost $89,715,551) | 70,613,921 | |||||||
MUTUAL FUNDS — 1.4% | ||||||||
Diversified Financial Services — 1.4% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 972,147 | 972,147 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
TOTAL MUTUAL FUNDS (Cost $972,147) | $ | 972,147 | ||||||
TOTAL LONG-TERM INVESTMENTS (Cost $90,687,698) | 71,586,068 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.2% | ||||||||
Repurchase Agreement — 0.2% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (d) | $ | 190,870 | 190,870 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $190,870) | 190,870 | |||||||
TOTAL INVESTMENTS — 101.5% (Cost $90,878,568) (e) | 71,776,938 | |||||||
Other Assets/(Liabilities) — (1.5)% | (1,080,530) | |||||||
NET ASSETS — 100.0% | $ | 70,696,408 |
Abbreviation Legend
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $3,845,646 or 5.44% of net assets. The Fund received $2,978,037 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $190,883. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $194,736. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
UBS AG | 12/30/22 | SEK | 140,557 | USD | 12,581 | $ | 160 | |||||||||
UBS AG | 12/30/22 | USD | 457,865 | SEK | 5,159,910 | (9,851) | ||||||||||
$ | (9,691) |
Currency Legend
SEK | Swedish Krona |
USD | U.S. Dollar |
MML Small/Mid Cap Value Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.9% | ||||||||
COMMON STOCK — 99.9% | ||||||||
Basic Materials — 5.4% | ||||||||
Chemicals — 1.9% | ||||||||
Huntsman Corp. | 60,080 | $ | 1,474,363 | |||||
Innospec, Inc. | 11,253 | 964,045 | ||||||
2,438,408 | ||||||||
Iron & Steel — 2.3% | ||||||||
ATI, Inc. (a) | 62,220 | 1,655,674 | ||||||
Reliance Steel & Aluminum Co. | 7,205 | 1,256,624 | ||||||
2,912,298 | ||||||||
Mining — 1.2% | ||||||||
Cameco Corp. | 55,480 | 1,470,775 | ||||||
6,821,481 | ||||||||
Communications — 2.1% | ||||||||
Internet — 2.1% | ||||||||
Criteo SA Sponsored ADR (a) | 56,141 | 1,517,491 | ||||||
NortonLifeLock, Inc. | 56,670 | 1,141,334 | ||||||
2,658,825 | ||||||||
2,658,825 | ||||||||
Consumer, Cyclical — 14.7% | ||||||||
Airlines — 0.9% | ||||||||
Alaska Air Group, Inc. (a) | 30,230 | 1,183,504 | ||||||
Apparel — 3.5% | ||||||||
Carter's, Inc. | 20,340 | 1,332,880 | ||||||
Ralph Lauren Corp. | 19,630 | 1,667,176 | ||||||
Tapestry, Inc. | 50,550 | 1,437,136 | ||||||
4,437,192 | ||||||||
Auto Parts & Equipment — 1.8% | ||||||||
Dana, Inc. | 76,736 | 877,093 | ||||||
The Goodyear Tire & Rubber Co. (a) | 133,880 | 1,350,849 | ||||||
2,227,942 | ||||||||
Entertainment — 0.4% | ||||||||
Scientific Games Corp. Class A (a) | 12,353 | 529,697 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Home Builders — 2.9% | ||||||||
KB Home | 41,940 | $ | 1,087,085 | |||||
PulteGroup, Inc. | 45,430 | 1,703,625 | ||||||
Taylor Morrison Home Corp. (a) | 35,754 | 833,783 | ||||||
3,624,493 | ||||||||
Home Furnishing — 0.1% | ||||||||
MillerKnoll, Inc. | 11,420 | 178,152 | ||||||
Lodging — 0.9% | ||||||||
Hilton Grand Vacations, Inc. (a) | 32,790 | 1,078,463 | ||||||
Retail — 4.2% | ||||||||
Dine Brands Global, Inc. | 21,011 | 1,335,459 | ||||||
Papa John's International, Inc. | 18,461 | 1,292,455 | ||||||
Sally Beauty Holdings, Inc. (a) | 99,230 | 1,250,298 | ||||||
Williams-Sonoma, Inc. | 11,661 | 1,374,249 | ||||||
5,252,461 | ||||||||
18,511,904 | ||||||||
Consumer, Non-cyclical — 13.0% | ||||||||
Commercial Services — 4.9% | ||||||||
ADT, Inc. | 199,420 | 1,493,656 | ||||||
Herc Holdings, Inc. | 15,280 | 1,587,286 | ||||||
Korn Ferry | 15,470 | 726,316 | ||||||
Robert Half International, Inc. | 14,478 | 1,107,567 | ||||||
WillScot Mobile Mini Holdings Corp. (a) | 31,120 | 1,255,070 | ||||||
6,169,895 | ||||||||
Food — 2.0% | ||||||||
The Hain Celestial Group, Inc. (a) | 68,935 | 1,163,623 | ||||||
Nomad Foods Ltd. (a) | 92,627 | 1,315,303 | ||||||
2,478,926 | ||||||||
Health Care – Products — 2.4% | ||||||||
Envista Holdings Corp. (a) | 50,500 | 1,656,905 | ||||||
Integra LifeSciences Holdings Corp. (a) | 32,230 | 1,365,263 | ||||||
3,022,168 | ||||||||
Health Care – Services — 3.7% | ||||||||
Acadia Healthcare Co., Inc. (a) | 25,560 | 1,998,281 | ||||||
Pediatrix Medical Group, Inc. (a) | 82,910 | 1,368,844 | ||||||
Syneos Health, Inc. (a) | 28,320 | 1,335,288 | ||||||
4,702,413 | ||||||||
16,373,402 | ||||||||
Energy — 3.5% | ||||||||
Oil & Gas — 3.5% | ||||||||
Helmerich & Payne, Inc. | 34,500 | 1,275,465 | ||||||
HF Sinclair Corp. | 30,155 | 1,623,545 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Magnolia Oil & Gas Corp. Class A | 75,030 | $ | 1,486,345 | |||||
4,385,355 | ||||||||
4,385,355 | ||||||||
Financial — 29.6% | ||||||||
Banks — 15.4% | ||||||||
BankUnited, Inc. | 46,189 | 1,578,278 | ||||||
Comerica, Inc. | 31,090 | 2,210,499 | ||||||
First BanCorp | 140,700 | 1,924,776 | ||||||
First Citizens BancShares, Inc. Class A | 3,239 | 2,582,876 | ||||||
First Hawaiian, Inc. | 79,780 | 1,964,981 | ||||||
Synovus Financial Corp. | 44,864 | 1,682,849 | ||||||
Texas Capital Bancshares, Inc. (a) | 30,388 | 1,793,803 | ||||||
Webster Financial Corp. | 34,429 | 1,556,191 | ||||||
Wintrust Financial Corp. | 22,940 | 1,870,757 | ||||||
Zions Bancorp NA | 41,958 | 2,133,984 | ||||||
19,298,994 | ||||||||
Diversified Financial Services — 2.4% | ||||||||
Moelis & Co. Class A | 35,126 | 1,187,610 | ||||||
Stifel Financial Corp. | 35,070 | 1,820,484 | ||||||
3,008,094 | ||||||||
Insurance — 5.2% | ||||||||
American Financial Group, Inc. | 13,088 | 1,608,908 | ||||||
The Hanover Insurance Group, Inc. | 12,938 | 1,657,875 | ||||||
Kemper Corp. | 26,680 | 1,100,817 | ||||||
Reinsurance Group of America, Inc. | 5,236 | 658,741 | ||||||
Selective Insurance Group, Inc. | 18,937 | 1,541,472 | ||||||
6,567,813 | ||||||||
Real Estate Investment Trusts (REITS) — 6.6% | ||||||||
Broadstone Net Lease, Inc. (b) | 67,730 | 1,051,847 | ||||||
Camden Property Trust | 14,698 | 1,755,676 | ||||||
Cousins Properties, Inc. | 43,690 | 1,020,161 | ||||||
CubeSmart | 44,014 | 1,763,201 | ||||||
Physicians Realty Trust | 123,473 | 1,857,034 | ||||||
STAG Industrial, Inc. | 31,982 | 909,248 | ||||||
8,357,167 | ||||||||
37,232,068 | ||||||||
Industrial — 21.4% | ||||||||
Aerospace & Defense — 0.9% | ||||||||
Spirit AeroSystems Holdings, Inc. Class A | 53,280 | 1,167,898 | ||||||
Building Materials — 1.1% | ||||||||
Masonite International Corp. (a) | 18,421 | 1,313,233 | ||||||
Electrical Components & Equipment — 1.0% | ||||||||
Belden, Inc. | 20,874 | 1,252,858 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Electronics — 2.0% | ||||||||
Avnet, Inc. | 36,670 | $ | 1,324,520 | |||||
Sensata Technologies Holding PLC | 32,700 | 1,219,056 | ||||||
2,543,576 | ||||||||
Engineering & Construction — 4.6% | ||||||||
AECOM | 30,290 | 2,070,927 | ||||||
Arcosa, Inc. | 33,400 | 1,909,812 | ||||||
Dycom Industries, Inc. (a) | 13,110 | 1,252,398 | ||||||
Fluor Corp. (a) | 20,978 | 522,143 | ||||||
5,755,280 | ||||||||
Hand & Machine Tools — 1.4% | ||||||||
Regal Rexnord Corp. | 12,902 | 1,810,925 | ||||||
Machinery – Construction & Mining — 2.4% | ||||||||
Oshkosh Corp. | 15,981 | 1,123,305 | ||||||
Vertiv Holdings Co. | 188,560 | 1,832,803 | ||||||
2,956,108 | ||||||||
Metal Fabricate & Hardware — 1.1% | ||||||||
The Timken Co. | 23,510 | 1,388,030 | ||||||
Packaging & Containers — 1.6% | ||||||||
Berry Global Group, Inc. (a) | 43,280 | 2,013,818 | ||||||
Transportation — 5.3% | ||||||||
Kirby Corp. (a) | 24,660 | 1,498,588 | ||||||
Knight-Swift Transportation Holdings, Inc. | 40,943 | 2,003,341 | ||||||
Star Bulk Carriers Corp. | 66,270 | 1,158,400 | ||||||
XPO Logistics, Inc. (a) | 44,950 | 2,001,174 | ||||||
6,661,503 | ||||||||
26,863,229 | ||||||||
Technology — 7.5% | ||||||||
Computers — 2.2% | ||||||||
Genpact Ltd. | 27,980 | 1,224,684 | ||||||
Lumentum Holdings, Inc. (a) | 22,270 | 1,527,054 | ||||||
2,751,738 | ||||||||
Semiconductors — 1.4% | ||||||||
Kulicke & Soffa Industries, Inc. | 17,302 | 666,646 | ||||||
ON Semiconductor Corp. (a) | 17,040 | 1,062,103 | ||||||
1,728,749 | ||||||||
Software — 3.9% | ||||||||
ACI Worldwide, Inc. (a) | 69,120 | 1,444,608 | ||||||
Change Healthcare, Inc. (a) | 80,930 | 2,224,766 | ||||||
CommVault Systems, Inc. (a) | 24,296 | 1,288,660 | ||||||
4,958,034 | ||||||||
9,438,521 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Utilities — 2.7% | ||||||||
Electric — 1.7% | ||||||||
IDACORP, Inc. | 21,681 | $ | 2,146,636 | |||||
Gas — 1.0% | ||||||||
Southwest Gas Holdings, Inc. | 17,150 | 1,196,212 | ||||||
3,342,848 | ||||||||
TOTAL COMMON STOCK (Cost $137,034,787) | 125,627,633 | |||||||
TOTAL EQUITIES (Cost $137,034,787) | 125,627,633 | |||||||
MUTUAL FUNDS — 0.9% | ||||||||
Diversified Financial Services — 0.9% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 1,072,832 | 1,072,832 | ||||||
TOTAL MUTUAL FUNDS (Cost $1,072,832) | 1,072,832 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $138,107,619) | 126,700,465 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.8% | ||||||||
Repurchase Agreement — 0.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (d) | $ | 1,014,113 | 1,014,113 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,014,113) | 1,014,113 | |||||||
TOTAL INVESTMENTS — 101.6% (Cost $139,121,732) (e) | 127,714,578 | |||||||
Other Assets/(Liabilities) — (1.6)% | (2,004,336) | |||||||
NET ASSETS — 100.0% | $ | 125,710,242 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $1,041,318 or 0.83% of net assets. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $1,014,183. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $1,034,406. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Sustainable Equity Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.4% | ||||||||
COMMON STOCK — 98.4% | ||||||||
Basic Materials — 2.3% | ||||||||
Chemicals — 2.3% | ||||||||
Air Products & Chemicals, Inc. | 2,476 | $ | 576,239 | |||||
Ecolab, Inc. | 3,973 | 573,781 | ||||||
Linde PLC | 5,990 | 1,614,844 | ||||||
2,764,864 | ||||||||
Communications — 13.6% | ||||||||
Internet — 9.5% | ||||||||
Alphabet, Inc. Class A (a) | 59,258 | 5,668,028 | ||||||
Amazon.com, Inc. (a) | 33,577 | 3,794,201 | ||||||
Booking Holdings, Inc. (a) | 352 | 578,410 | ||||||
CDW Corp. | 7,463 | 1,164,825 | ||||||
Expedia Group, Inc. (a) | 3,297 | 308,896 | ||||||
Uber Technologies, Inc. (a) | 9,188 | 243,482 | ||||||
11,757,842 | ||||||||
Media — 1.2% | ||||||||
Comcast Corp. Class A | 14,855 | 435,697 | ||||||
The Walt Disney Co. (a) | 10,766 | 1,015,557 | ||||||
1,451,254 | ||||||||
Telecommunications — 2.9% | ||||||||
Cisco Systems, Inc. | 54,713 | 2,188,520 | ||||||
Verizon Communications, Inc. | 36,114 | 1,371,248 | ||||||
3,559,768 | ||||||||
16,768,864 | ||||||||
Consumer, Cyclical — 8.5% | ||||||||
Apparel — 0.9% | ||||||||
Deckers Outdoor Corp. (a) | 1,455 | 454,848 | ||||||
NIKE, Inc. Class B | 7,535 | 626,309 | ||||||
1,081,157 | ||||||||
Auto Manufacturers — 2.5% | ||||||||
Cummins, Inc. | 5,015 | 1,020,602 | ||||||
Tesla, Inc. (a) | 8,091 | 2,146,138 | ||||||
3,166,740 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Auto Parts & Equipment — 0.7% | ||||||||
Aptiv PLC (a) | 10,548 | $ | 824,959 | |||||
Retail — 4.4% | ||||||||
Chipotle Mexican Grill, Inc. (a) | 218 | 327,602 | ||||||
Costco Wholesale Corp. | 1,820 | 859,531 | ||||||
The Home Depot, Inc. | 7,768 | 2,143,502 | ||||||
Target Corp. | 3,581 | 531,385 | ||||||
The TJX Cos., Inc. | 18,437 | 1,145,306 | ||||||
Tractor Supply Co. | 2,376 | 441,651 | ||||||
5,448,977 | ||||||||
10,521,833 | ||||||||
Consumer, Non-cyclical — 21.8% | ||||||||
Agriculture — 0.1% | ||||||||
Vital Farms, Inc. (a) | 5,603 | 67,068 | ||||||
Beverages — 1.8% | ||||||||
PepsiCo, Inc. | 13,581 | 2,217,234 | ||||||
Biotechnology — 1.0% | ||||||||
Amgen, Inc. | 2,322 | 523,379 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 2,456 | 711,110 | ||||||
1,234,489 | ||||||||
Commercial Services — 0.9% | ||||||||
S&P Global, Inc. | 3,756 | 1,146,895 | ||||||
Cosmetics & Personal Care — 1.9% | ||||||||
Colgate-Palmolive Co. | 7,973 | 560,103 | ||||||
The Estee Lauder Cos., Inc. Class A | 1,496 | 322,987 | ||||||
The Procter & Gamble Co. | 11,352 | 1,433,190 | ||||||
2,316,280 | ||||||||
Food — 2.6% | ||||||||
The Kroger Co. | 19,597 | 857,369 | ||||||
Mondelez International, Inc. Class A | 17,849 | 978,661 | ||||||
Sysco Corp. | 19,723 | 1,394,613 | ||||||
3,230,643 | ||||||||
Health Care – Products — 2.5% | ||||||||
Edwards Lifesciences Corp. (a) | 14,340 | 1,184,914 | ||||||
Medtronic PLC | 2,426 | 195,899 | ||||||
ResMed, Inc. | 1,386 | 302,564 | ||||||
Thermo Fisher Scientific, Inc. | 2,768 | 1,403,902 | ||||||
3,087,279 | ||||||||
Health Care – Services — 2.7% | ||||||||
Humana, Inc. | 1,537 | 745,737 | ||||||
UnitedHealth Group, Inc. | 5,264 | 2,658,531 | ||||||
3,404,268 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Pharmaceuticals — 8.3% | ||||||||
AbbVie, Inc. | 11,241 | $ | 1,508,654 | |||||
Bristol-Myers Squibb Co. | 23,941 | 1,701,966 | ||||||
Cigna Corp. | 7,404 | 2,054,388 | ||||||
CVS Health Corp. | 16,118 | 1,537,174 | ||||||
Merck & Co., Inc. | 17,937 | 1,544,734 | ||||||
Novo Nordisk A/S Class B | 8,206 | 817,925 | ||||||
Zoetis, Inc. | 7,166 | 1,062,646 | ||||||
10,227,487 | ||||||||
26,931,643 | ||||||||
Energy — 4.6% | ||||||||
Oil & Gas — 2.5% | ||||||||
ConocoPhillips | 29,928 | 3,062,831 | ||||||
Oil & Gas Services — 2.1% | ||||||||
Schlumberger NV | 72,054 | 2,586,739 | ||||||
5,649,570 | ||||||||
Financial — 14.3% | ||||||||
Banks — 4.7% | ||||||||
Bank of America Corp. | 13,370 | 403,774 | ||||||
JP Morgan Chase & Co. | 15,782 | 1,649,219 | ||||||
Morgan Stanley | 25,424 | 2,008,750 | ||||||
Regions Financial Corp. | 85,905 | 1,724,114 | ||||||
5,785,857 | ||||||||
Diversified Financial Services — 5.5% | ||||||||
American Express Co. | 4,831 | 651,750 | ||||||
Ameriprise Financial, Inc. | 3,498 | 881,321 | ||||||
BlackRock, Inc. | 1,948 | 1,071,946 | ||||||
Intercontinental Exchange, Inc. | 6,983 | 630,914 | ||||||
Mastercard, Inc. Class A | 4,997 | 1,420,847 | ||||||
Visa, Inc. Class A | 11,919 | 2,117,410 | ||||||
6,774,188 | ||||||||
Insurance — 2.1% | ||||||||
Marsh & McLennan Cos., Inc. | 5,727 | 854,984 | ||||||
Prudential Financial, Inc. | 10,556 | 905,494 | ||||||
The Travelers Cos., Inc. | 5,762 | 882,738 | ||||||
2,643,216 | ||||||||
Real Estate Investment Trusts (REITS) — 2.0% | ||||||||
Prologis, Inc. | 24,442 | 2,483,307 | ||||||
17,686,568 | ||||||||
Industrial — 11.2% | ||||||||
Aerospace & Defense — 1.2% | ||||||||
Lockheed Martin Corp. | 3,704 | 1,430,818 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Building Materials — 1.6% | ||||||||
Johnson Controls International PLC | 26,035 | $ | 1,281,442 | |||||
Masco Corp. | 13,704 | 639,840 | ||||||
1,921,282 | ||||||||
Electrical Components & Equipment — 0.2% | ||||||||
Generac Holdings, Inc. (a) | 1,732 | 308,539 | ||||||
Electronics — 2.9% | ||||||||
Agilent Technologies, Inc. | 10,499 | 1,276,154 | ||||||
Honeywell International, Inc. | 6,489 | 1,083,468 | ||||||
Keysight Technologies, Inc. (a) | 7,900 | 1,243,144 | ||||||
3,602,766 | ||||||||
Machinery – Diversified — 1.4% | ||||||||
Cognex Corp. | 5,734 | 237,674 | ||||||
Deere & Co. | 1,453 | 485,142 | ||||||
Rockwell Automation, Inc. | 2,148 | 462,056 | ||||||
Xylem, Inc. | 6,852 | 598,591 | ||||||
1,783,463 | ||||||||
Miscellaneous - Manufacturing — 1.1% | ||||||||
Eaton Corp. PLC | 6,846 | 912,982 | ||||||
Parker-Hannifin Corp. | 1,686 | 408,535 | ||||||
1,321,517 | ||||||||
Packaging & Containers — 0.5% | ||||||||
Ball Corp. | 14,037 | 678,268 | ||||||
Transportation — 2.3% | ||||||||
Norfolk Southern Corp. | 3,437 | 720,567 | ||||||
Union Pacific Corp. | 3,189 | 621,281 | ||||||
United Parcel Service, Inc. Class B | 8,933 | 1,443,037 | ||||||
2,784,885 | ||||||||
13,831,538 | ||||||||
Technology — 19.9% | ||||||||
Computers — 5.8% | ||||||||
Accenture PLC Class A | 5,429 | 1,396,881 | ||||||
Apple, Inc. | 41,914 | 5,792,515 | ||||||
7,189,396 | ||||||||
Semiconductors — 4.2% | ||||||||
Advanced Micro Devices, Inc. (a) | 9,442 | 598,245 | ||||||
Analog Devices, Inc. | 9,432 | 1,314,255 | ||||||
Applied Materials, Inc. | 9,984 | 817,989 | ||||||
ASML Holding NV | 1,627 | 674,866 | ||||||
Globalfoundries, Inc. (a) | 5,725 | 276,804 | ||||||
NVIDIA Corp. | 12,598 | 1,529,271 | ||||||
5,211,430 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Software — 9.9% | ||||||||
Adobe, Inc. (a) | 983 | $ | 270,522 | |||||
Cadence Design Systems, Inc. (a) | 3,768 | 615,804 | ||||||
Electronic Arts, Inc. | 4,735 | 547,887 | ||||||
Microsoft Corp. | 40,385 | 9,405,666 | ||||||
Salesforce, Inc. (a) | 5,447 | 783,496 | ||||||
ServiceNow, Inc. (a) | 793 | 299,445 | ||||||
Workday, Inc. Class A (a) | 1,671 | 254,360 | ||||||
12,177,180 | ||||||||
24,578,006 | ||||||||
Utilities — 2.2% | ||||||||
Electric — 2.2% | ||||||||
NextEra Energy, Inc. | 34,395 | 2,696,912 | ||||||
TOTAL COMMON STOCK (Cost $117,123,156) | 121,429,798 | |||||||
TOTAL EQUITIES (Cost $117,123,156) | 121,429,798 | |||||||
MUTUAL FUNDS — 1.2% | ||||||||
Diversified Financial Services — 1.2% | ||||||||
SPDR S&P 500 ETF Trust | 4,302 | 1,536,588 | ||||||
TOTAL MUTUAL FUNDS (Cost $1,615,892) | 1,536,588 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $118,739,048) | 122,966,386 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.7% | ||||||||
Repurchase Agreement — 0.7% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (b) | $ | 835,707 | 835,707 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $835,707) | 835,707 | |||||||
TOTAL INVESTMENTS — 100.3% (Cost $119,574,755) (c) | 123,802,093 | |||||||
Other Assets/(Liabilities) — (0.3)% | (370,955) | |||||||
NET ASSETS — 100.0% | $ | 123,431,138 |
Abbreviation Legend
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Maturity value of $835,765. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $852,424. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
JP Morgan Chase Bank N.A. | 12/30/22 | EUR | 21,228 | USD | $20,906 | $ | 47 | |||||||||
JP Morgan Chase Bank N.A. | 12/30/22 | USD | 607,697 | EUR | 618,524 | (2,808) | ||||||||||
$ | (2,761) |
Currency Legend
EUR | Euro |
USD | U.S. Dollar |
MML Total Return Bond Fund — Portfolio of Investments |
September 30, 2022 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 0.1% | ||||||||
COMMON STOCK — 0.1% | ||||||||
Communications — 0.1% | ||||||||
Telecommunications — 0.1% | ||||||||
Intelsat Emergence SA | 7,210 | $ | 187,460 | |||||
TOTAL COMMON STOCK (Cost $676,994) | 187,460 | |||||||
TOTAL EQUITIES (Cost $676,994) | 187,460 | |||||||
Principal Amount | ||||||||
BONDS & NOTES — 115.0% | ||||||||
BANK LOANS — 2.0% | ||||||||
Aerospace & Defense — 0.0% | ||||||||
TransDigm, Inc. | ||||||||
2020 Term Loan E, 3 mo. USD LIBOR + 2.250% | ||||||||
5.924% VRN 5/30/25 | $ | 48,625 | 46,585 | |||||
2020 Term Loan F, 3 mo. USD LIBOR + 2.250% | ||||||||
5.924% VRN 12/09/25 | 14,777 | 14,135 | ||||||
60,720 | ||||||||
Airlines — 0.0% | ||||||||
American Airlines, Inc., 2017 1st Lien Term Loan, 1 mo. USD LIBOR + 1.750% | ||||||||
4.871% VRN 1/29/27 | 34,152 | 31,334 | ||||||
United Airlines, Inc., 2021 Term Loan B, 3 mo. USD LIBOR + 3.750% | ||||||||
6.533% VRN 4/21/28 | 22,540 | 21,472 | ||||||
52,806 | ||||||||
Auto Parts & Equipment — 0.1% | ||||||||
Clarios Global LP, 2021 USD Term Loan B, 1 mo. USD LIBOR + 3.250% | ||||||||
6.365% VRN 4/30/26 | 194,908 | 183,945 | ||||||
Beverages — 0.1% | ||||||||
Naked Juice LLC, Term Loan, 3 mo. SOFR + 3.250% | ||||||||
6.903% VRN 1/24/29 | 141,732 | 129,625 | ||||||
Chemicals — 0.0% | ||||||||
Zep, Inc., 2017 1st Lien Term Loan, 3 mo. USD LIBOR + 4.000% | ||||||||
7.674% VRN 8/12/24 | 91,842 | 79,214 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Commercial Services — 0.1% | ||||||||
AI Aqua Merger Sub, Inc. | ||||||||
2022 Term Loan B, | ||||||||
0.000% 7/31/28 (a) | $ | 33,938 | $ | 31,499 | ||||
2022 Delayed Draw Term loan, | ||||||||
0.000% 7/31/28 (a) | 7,713 | 7,159 | ||||||
Amentum Government Services Holdings LLC, Term Loan B, 1 mo. USD LIBOR + 4.000%, 3 mo. USD LIBOR + 4.000%, 6 mo. USD LIBOR + 4.000% | ||||||||
8.170% - 8.170% VRN 1/29/27 | 29,310 | 27,893 | ||||||
Element Materials Technology Group US Holdings, Inc. | ||||||||
2022 USD Delayed Draw Term Loan, | ||||||||
0.000% 7/06/29 (a) (b) | 9,469 | 8,865 | ||||||
2022 USD Term Loan, | ||||||||
0.000% 7/06/29 (a) | 20,517 | 19,209 | ||||||
Pre-Paid Legal Services, Inc., 2021 Term Loan, 3 mo. USD LIBOR + 3.750% | ||||||||
6.820% VRN 12/15/28 | 44,023 | 41,712 | ||||||
Prime Security Services Borrower, LLC, 2021 Term Loan, 1 mo. USD LIBOR + 2.750% | ||||||||
5.303% VRN 9/23/26 | 46,999 | 45,450 | ||||||
Safe Fleet Holdings LLC, 2022 Term Loan, 1 mo. SOFR + 3.750% | ||||||||
6.826% VRN 2/23/29 | 13,118 | 12,331 | ||||||
Spin Holdco, Inc., 2021 Term Loan, 3 mo. USD LIBOR + 4.000% | ||||||||
7.144% VRN 3/04/28 | 112,839 | 98,710 | ||||||
Trans Union, LLC, 2021 Term Loan B6, 1 mo. USD LIBOR + 2.250% | ||||||||
5.365% VRN 12/01/28 | 52,254 | 50,523 | ||||||
TruGreen Ltd. Partnership, 2020 Term Loan, 1 mo. USD LIBOR + 4.000% | ||||||||
7.115% VRN 11/02/27 | 24,220 | 22,828 | ||||||
366,179 | ||||||||
Computers — 0.0% | ||||||||
Peraton Corp., Term Loan B, 1 mo. USD LIBOR + 3.750% | ||||||||
6.865% VRN 2/01/28 | 29,826 | 28,215 | ||||||
Cosmetics & Personal Care — 0.0% | ||||||||
Sunshine Luxembourg VII SARL, 2021 Term Loan B3, 3 mo. USD LIBOR + 3.750% | ||||||||
7.424% VRN 10/01/26 | 48,767 | 45,259 | ||||||
Diversified Financial Services — 0.1% | ||||||||
Deerfield Dakota Holding, LLC, 2020 USD Term Loan B, 1 mo. SOFR CME + 3.750% | ||||||||
6.784% VRN 4/09/27 | 59,050 | 55,606 | ||||||
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, 3 mo. USD LIBOR + 2.000% | ||||||||
5.674% VRN 11/05/28 | 175,000 | 170,625 | ||||||
226,231 | ||||||||
Electronics — 0.0% | ||||||||
II-VI, Inc., 2022 Term Loan B, 1 mo. USD LIBOR + 2.750% | ||||||||
5.314% VRN 7/02/29 | 16,823 | 16,262 | ||||||
Ingram Micro, Inc., 2021 Term Loan B, 3 mo. USD LIBOR + 3.500% | ||||||||
7.174% VRN 6/30/28 | 54,206 | 52,716 | ||||||
68,978 | ||||||||
Entertainment — 0.0% | ||||||||
Penn National Gaming, Inc., 2022 Term Loan B, 1 mo. SOFR + 2.750% | ||||||||
5.884% VRN 5/03/29 | 22,461 | 21,556 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Scientific Games International, Inc., 2022 USD Term Loan, 1 mo. SOFR CME + 3.000% | ||||||||
5.906% VRN 4/14/29 | $ | 45,484 | $ | 44,097 | ||||
65,653 | ||||||||
Food — 0.0% | ||||||||
Hostess Brands LLC, 2019 Term Loan, 1 mo. USD LIBOR + 2.250%, 3 mo. USD LIBOR + 2.250% | ||||||||
5.056% - 5.365% VRN 8/03/25 | 126,416 | 122,009 | ||||||
Health Care – Products — 0.1% | ||||||||
Avantor Funding, Inc., 2021 Term Loan B5, 1 mo. USD LIBOR + 2.250% | ||||||||
5.365% VRN 11/08/27 | 126,704 | 123,081 | ||||||
Bausch & Lomb, Inc., Term Loan, 1 mo. SOFR + 3.250% | ||||||||
6.098% VRN 5/10/27 | 16,060 | 14,911 | ||||||
Medline Borrower LP, USD Term Loan B, 1 mo. USD LIBOR + 3.250% | ||||||||
6.365% VRN 10/23/28 | 249,375 | 228,879 | ||||||
366,871 | ||||||||
Insurance — 0.2% | ||||||||
Acrisure, LLC, 2020 Term Loan B, 1 mo. USD LIBOR + 3.500% | ||||||||
6.615% VRN 2/15/27 | 99,237 | 90,512 | ||||||
AmWINS Group, Inc., 2021 Term Loan B, 1 mo. USD LIBOR + 2.250% | ||||||||
5.365% VRN 2/19/28 | 491,698 | 469,459 | ||||||
Asurion, LLC, 2020 Term Loan B8, 1 mo. USD LIBOR + 3.250% | ||||||||
6.365% VRN 12/23/26 | 57,584 | 48,695 | ||||||
608,666 | ||||||||
Internet — 0.1% | ||||||||
NortonLifeLock, Inc., 2022 Term Loan B, 3 mo. SOFR + 2.000% | ||||||||
4.848% VRN 9/12/29 | 250,000 | 239,875 | ||||||
Proofpoint, Inc., 1st Lien Term Loan, 3 mo. USD LIBOR + 3.250% | ||||||||
6.320% VRN 8/31/28 | 5,000 | 4,685 | ||||||
244,560 | ||||||||
Lodging — 0.1% | ||||||||
Caesars Resort Collection, LLC, 2017 1st Lien Term Loan B, 1 mo. USD LIBOR + 2.750% | ||||||||
5.865% VRN 12/23/24 | 95,986 | 93,596 | ||||||
Fertitta Entertainment, LLC, 2022 Term Loan B, | ||||||||
0.000% 1/27/29 (a) | 124,688 | 115,465 | ||||||
209,061 | ||||||||
Media — 0.2% | ||||||||
Diamond Sports Group LLC, 2022 2nd Lien Term Loan, 1 mo. SOFR + 3.250% | ||||||||
5.945% VRN 8/24/26 | 64,183 | 12,240 | ||||||
DirecTV Financing, LLC, Term Loan, 1 mo. USD LIBOR + 5.000% | ||||||||
8.115% VRN 8/02/27 | 154,700 | 143,736 | ||||||
Virgin Media Bristol LLC, USD Term Loan N, 1 mo. USD LIBOR + 2.500% | ||||||||
5.318% VRN 1/31/28 | 275,000 | 262,015 | ||||||
417,991 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Metal Fabricate & Hardware — 0.0% | ||||||||
AZZ, Inc., Term Loan B, | ||||||||
0.000% 5/13/29 (a) | $ | 11,605 | $ | 11,276 | ||||
Packaging & Containers — 0.1% | ||||||||
Berry Global, Inc., 2021 Term Loan Z, 3 mo. USD LIBOR + 1.750% | ||||||||
4.178% VRN 7/01/26 | 151,015 | 146,025 | ||||||
Pharmaceuticals — 0.3% | ||||||||
Change Healthcare Holdings LLC, 2017 Term Loan B, 3 mo. USD PRIME + 1.500% | ||||||||
7.750% 3/01/24 | 37,231 | 37,086 | ||||||
Elanco Animal Health, Inc., Term Loan B, 1 mo. USD LIBOR + 1.750% | ||||||||
4.314% VRN 8/01/27 | 175,361 | 166,484 | ||||||
Gainwell Acquisition Corp., Term Loan B, 3 mo. USD LIBOR + 4.000% | ||||||||
7.674% VRN 10/01/27 | 99,242 | 94,355 | ||||||
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, 1 mo. USD LIBOR + 2.000% | ||||||||
5.115% VRN 11/15/27 | 280,004 | 265,265 | ||||||
Horizon Therapeutics USA, Inc., 2021 Term Loan B2, 1 mo. USD LIBOR + 1.750% | ||||||||
4.875% VRN 3/15/28 | 120,691 | 115,638 | ||||||
Jazz Financing Lux SARL, USD Term Loan, 1 mo. USD LIBOR + 3.500% | ||||||||
6.615% VRN 5/05/28 | 140,482 | 135,565 | ||||||
Organon & Co., USD Term Loan, 3 mo. USD LIBOR + 3.000% | ||||||||
6.188% VRN 6/02/28 | 159,436 | 155,450 | ||||||
969,843 | ||||||||
Retail — 0.1% | ||||||||
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD LIBOR + 4.250% | ||||||||
7.924% VRN 4/15/28 | 237,000 | 190,074 | ||||||
Whatabrands LLC, 2021 Term Loan B, 1 mo. USD LIBOR + 3.250% | ||||||||
6.365% VRN 8/03/28 | 223,313 | 206,173 | ||||||
396,247 | ||||||||
Semiconductors — 0.0% | ||||||||
Entegris, Inc., 2022 Term Loan B, 1 mo. SOFR + 3.000%, 3 mo. SOFR + 3.000% | ||||||||
5.597% - 6.047% VRN 7/06/29 | 60,000 | 59,467 | ||||||
Software — 0.2% | ||||||||
Athenahealth, Inc. | ||||||||
2022 Delayed Draw Term Loan, | ||||||||
0.000% 2/15/29 (a) (b) | 38,894 | 34,771 | ||||||
2022 Term Loan B, 1 mo. SOFR CME + 3.500%, | ||||||||
6.576% VRN 2/15/29 | 228,898 | 204,635 | ||||||
CDK Global, Inc., 2022 USD Term Loan B, 3 mo. SOFR + 4.500%, | ||||||||
6.610% VRN 7/06/29 | 138,833 | 133,485 | ||||||
Mitnick Corporate Purchaser, Inc., Term Loan, | ||||||||
0.000% 5/02/29 (a) | 14,500 | 13,666 | ||||||
RealPage, Inc., 1st Lien Term Loan, | ||||||||
0.000% 4/24/28 (a) | 14,500 | 13,562 | ||||||
Sophia, L.P., 2021 Term Loan B, 3 mo. USD LIBOR + 3.500% | ||||||||
7.174% VRN 10/07/27 | 21,493 | 20,633 | ||||||
420,752 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Telecommunications — 0.2% | ||||||||
Level 3 Financing, Inc., 2019 Term Loan B, 1 mo. USD LIBOR + 1.750% | ||||||||
4.865% VRN 3/01/27 | $ | 464,973 | $ | 440,925 | ||||
Zayo Group Holdings, Inc., 2022 USD Incremental Term Loan B, 1 mo. SOFR + 4.250% | ||||||||
7.284% VRN 3/09/27 | 113,403 | 98,235 | ||||||
539,160 | ||||||||
Transportation — 0.0% | ||||||||
Genesee & Wyoming, Inc., Term Loan, 3 mo. USD LIBOR + 2.000% | ||||||||
5.674% VRN 12/30/26 | 28,229 | 27,401 | ||||||
TOTAL BANK LOANS (Cost $6,179,566) | 5,846,154 | |||||||
CORPORATE DEBT — 29.1% | ||||||||
Aerospace & Defense — 0.2% | ||||||||
The Boeing Co. | ||||||||
1.167% 2/04/23 | 660,000 | 651,846 | ||||||
Agriculture — 0.8% | ||||||||
BAT Capital Corp. | ||||||||
4.390% 8/15/37 | 400,000 | 285,187 | ||||||
4.540% 8/15/47 | 1,050,000 | 695,735 | ||||||
5.650% 3/16/52 | 215,000 | 163,969 | ||||||
Imperial Brands Finance PLC | ||||||||
3.125% 7/26/24 (c) | 320,000 | 306,160 | ||||||
3.500% 7/26/26 (c) | 225,000 | 203,952 | ||||||
Imperial Tobacco Finance PLC | ||||||||
4.250% 7/21/25 (c) | 415,000 | 398,234 | ||||||
Reynolds American, Inc. | ||||||||
5.850% 8/15/45 | 315,000 | 247,144 | ||||||
2,300,381 | ||||||||
Banks — 11.0% | ||||||||
Bank of America Corp. | ||||||||
SOFR + .910% 1.658% VRN 3/11/27 | 755,000 | 654,436 | ||||||
SOFR + 1.370% 1.922% VRN 10/24/31 | 110,000 | 81,211 | ||||||
SOFR + 1.060% 2.087% VRN 6/14/29 | 1,000,000 | 813,095 | ||||||
SOFR + 1.220% 2.299% VRN 7/21/32 | 240,000 | 179,110 | ||||||
SOFR + 1.210% 2.572% VRN 10/20/32 | 515,000 | 393,703 | ||||||
SOFR + 2.150% 2.592% VRN 4/29/31 | 140,000 | 110,984 | ||||||
SOFR + 1.320% 2.687% VRN 4/22/32 | 120,000 | 93,472 | ||||||
SOFR + 1.330% 2.972% VRN 2/04/33 | 200,000 | 156,276 | ||||||
3 mo. USD LIBOR + .790% 3.004% VRN 12/20/23 | 1,180,000 | 1,173,773 | ||||||
3 mo. USD LIBOR + .810% 3.366% VRN 1/23/26 | 415,000 | 393,334 | ||||||
3 mo. USD LIBOR + 1.040% 3.419% VRN 12/20/28 | 470,000 | 417,076 | ||||||
3 mo. USD LIBOR + 1.070% 3.970% VRN 3/05/29 | 485,000 | 439,005 | ||||||
Citigroup, Inc. | ||||||||
SOFR + .770% 1.462% VRN 6/09/27 | 985,000 | 838,946 | ||||||
SOFR + 1.167% 2.561% VRN 5/01/32 | 580,000 | 445,046 | ||||||
SOFR + 2.107% 2.572% VRN 6/03/31 | 255,000 | 200,481 | ||||||
SOFR + 1.422% 2.976% VRN 11/05/30 | 150,000 | 123,233 | ||||||
SOFR + 1.351% 3.057% VRN 1/25/33 | 300,000 | 236,151 | ||||||
SOFR + 1.280% 3.070% VRN 2/24/28 | 190,000 | 169,206 | ||||||
SOFR + 2.842% 3.106% VRN 4/08/26 | 335,000 | 314,028 | ||||||
3 mo. USD LIBOR + .897% 3.352% VRN 4/24/25 | 85,000 | 81,990 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Credit Suisse Group AG | ||||||||
SOFR + .980% 1.305% VRN 2/02/27 (c) | $ | 495,000 | $ | 401,861 | ||||
SOFR + 1.730% 3.091% VRN 5/14/32 (c) | 825,000 | 578,453 | ||||||
3 mo. USD LIBOR + 1.410% 3.869% VRN 1/12/29 (c) | 65,000 | 53,041 | ||||||
SOFR + 3.920% 6.537% VRN 8/12/33 (c) | 990,000 | 889,544 | ||||||
DNB Bank ASA 1 year CMT + .680% | ||||||||
1.605% VRN 3/30/28 (c) (d) | 635,000 | 528,877 | ||||||
The Goldman Sachs Group, Inc. | ||||||||
SOFR + .486% 0.925% VRN 10/21/24 | 530,000 | 503,467 | ||||||
1.217% 12/06/23 | 1,030,000 | 987,701 | ||||||
SOFR + .798% 1.431% VRN 3/09/27 | 500,000 | 430,007 | ||||||
SOFR + .818% 1.542% VRN 9/10/27 | 1,450,000 | 1,225,516 | ||||||
SOFR + .913% 1.948% VRN 10/21/27 | 125,000 | 106,941 | ||||||
SOFR + 1.090% 1.992% VRN 1/27/32 | 140,000 | 103,458 | ||||||
SOFR + 1.248% 2.383% VRN 7/21/32 | 415,000 | 312,760 | ||||||
SOFR + 1.264% 2.650% VRN 10/21/32 | 200,000 | 153,160 | ||||||
3.200% 2/23/23 | 145,000 | 144,224 | ||||||
3 mo. USD LIBOR + 1.201% 3.272% VRN 9/29/25 | 325,000 | 309,664 | ||||||
HSBC Holdings PLC | ||||||||
SOFR + 1.732% 2.013% VRN 9/22/28 | 1,585,000 | 1,267,462 | ||||||
SOFR + 1.285% 2.206% VRN 8/17/29 | 610,000 | 472,244 | ||||||
SOFR + 1.187% 2.804% VRN 5/24/32 | 365,000 | 267,843 | ||||||
3 mo. USD LIBOR + 1.211% 3.803% VRN 3/11/25 | 110,000 | 106,346 | ||||||
SOFR + 2.870% 5.402% VRN 8/11/33 | 200,000 | 177,760 | ||||||
JP Morgan Chase & Co. | ||||||||
SOFR + .580% 0.697% VRN 3/16/24 | 165,000 | 161,529 | ||||||
3 mo. TSFR + .580% 0.969% VRN 6/23/25 | 1,060,000 | 980,724 | ||||||
SOFR + .885% 1.578% VRN 4/22/27 | 500,000 | 432,021 | ||||||
SOFR + 1.015% 2.069% VRN 6/01/29 | 250,000 | 202,791 | ||||||
SOFR + 1.180% 2.545% VRN 11/08/32 | 375,000 | 284,422 | ||||||
SOFR + 1.250% 2.580% VRN 4/22/32 | 605,000 | 468,361 | ||||||
SOFR + 1.510% 2.739% VRN 10/15/30 | 230,000 | 186,941 | ||||||
SOFR + 1.170% 2.947% VRN 2/24/28 | 1,145,000 | 1,012,874 | ||||||
3 mo. USD LIBOR + 1.245% 3.960% VRN 1/29/27 | 185,000 | 174,642 | ||||||
Lloyds Banking Group PLC | ||||||||
1 year CMT + .850% 1.627% VRN 5/11/27 | 515,000 | 437,835 | ||||||
3 mo. USD LIBOR + 1.205% 3.574% VRN 11/07/28 | 720,000 | 631,747 | ||||||
1 year CMT + 3.500% 3.870% VRN 7/09/25 | 220,000 | 212,181 | ||||||
1 year CMT + 2.300% 4.976% VRN 8/11/33 | 225,000 | 196,515 | ||||||
Macquarie Group Ltd. | ||||||||
SOFR + 1.532% 2.871% VRN 1/14/33 (c) | 1,045,000 | 784,897 | ||||||
SOFR + 2.405% 4.442% VRN 6/21/33 (c) | 240,000 | 204,446 | ||||||
Morgan Stanley | ||||||||
SOFR + .509% 0.791% VRN 1/22/25 | 285,000 | 267,032 | ||||||
SOFR + .560% 1.164% VRN 10/21/25 | 1,300,000 | 1,184,447 | ||||||
SOFR + .879% 1.593% VRN 5/04/27 | 505,000 | 435,420 | ||||||
SOFR + 1.020% 1.928% VRN 4/28/32 | 235,000 | 171,482 | ||||||
SOFR + 1.178% 2.239% VRN 7/21/32 | 160,000 | 120,190 | ||||||
SOFR + 1.360% 2.484% VRN 9/16/36 | 495,000 | 354,549 | ||||||
SOFR + 1.200% 2.511% VRN 10/20/32 | 355,000 | 271,150 | ||||||
Natwest Group PLC 3 mo. USD LIBOR + 1.762% | ||||||||
4.269% VRN 3/22/25 | 775,000 | 753,656 | ||||||
Santander UK Group Holdings PLC | ||||||||
SOFR + .787% 1.089% VRN 3/15/25 | 540,000 | 498,675 | ||||||
1 year CMT + 1.250% 1.532% VRN 8/21/26 | 710,000 | 615,678 | ||||||
SOFR + .989% 1.673% VRN 6/14/27 | 120,000 | 99,780 | ||||||
SOFR + 1.220% 2.469% VRN 1/11/28 | 200,000 | 166,546 | ||||||
3 mo. USD LIBOR + 1.080% 3.373% VRN 1/05/24 | 445,000 | 442,139 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Santander UK PLC | ||||||||
5.000% 11/07/23 (c) | $ | 435,000 | $ | 430,411 | ||||
UBS Group AG Registered 1 year CMT + 1.550% | ||||||||
4.488% VRN 5/12/26 (c) | 200,000 | 192,785 | ||||||
Wells Fargo & Co. | ||||||||
SOFR + 2.100% 2.393% VRN 6/02/28 | 1,400,000 | 1,201,197 | ||||||
3 mo. TSFR + 1.432% 2.879% VRN 10/30/30 | 490,000 | 402,452 | ||||||
SOFR + 1.500% 3.350% VRN 3/02/33 | 1,285,000 | 1,041,606 | ||||||
SOFR + 1.510% 3.526% VRN 3/24/28 | 655,000 | 593,518 | ||||||
SOFR + 2.100% 4.897% VRN 7/25/33 | 280,000 | 256,915 | ||||||
SOFR + 4.502% 5.013% VRN 4/04/51 | 150,000 | 129,127 | ||||||
32,335,566 | ||||||||
Beverages — 0.6% | ||||||||
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | ||||||||
4.900% 2/01/46 | 880,000 | 762,657 | ||||||
Bacardi Ltd. | ||||||||
4.450% 5/15/25 (c) | 700,000 | 671,129 | ||||||
Constellation Brands, Inc. | ||||||||
4.750% 5/09/32 | 330,000 | 307,374 | ||||||
1,741,160 | ||||||||
Chemicals — 0.1% | ||||||||
International Flavors & Fragrances, Inc. | ||||||||
5.000% 9/26/48 | 380,000 | 317,185 | ||||||
Commercial Services — 0.3% | ||||||||
Global Payments, Inc. | ||||||||
5.400% 8/15/32 | 225,000 | 207,831 | ||||||
5.950% 8/15/52 | 126,000 | 111,025 | ||||||
Rent-A-Center, Inc. | ||||||||
6.375% 2/15/29 (c) (d) | 35,000 | 27,300 | ||||||
S&P Global, Inc. | ||||||||
4.750% 8/01/28 (c) | 385,000 | 375,945 | ||||||
WASH Multifamily Acquisition, Inc. | ||||||||
5.750% 4/15/26 (c) | 35,000 | 32,278 | ||||||
754,379 | ||||||||
Diversified Financial Services — 1.4% | ||||||||
AerCap Ireland Capital DAC / AerCap Global Aviation Trust | ||||||||
3.300% 1/30/32 | 615,000 | 461,886 | ||||||
3.500% 1/15/25 | 1,000,000 | 939,858 | ||||||
American Express Co. | ||||||||
2.550% 3/04/27 | 385,000 | 343,045 | ||||||
Avolon Holdings Funding Ltd. | ||||||||
2.528% 11/18/27 (c) | 389,000 | 305,668 | ||||||
2.875% 2/15/25 (c) | 335,000 | 303,080 | ||||||
3.950% 7/01/24 (c) | 130,000 | 123,010 | ||||||
Capital One Financial Corp. SOFR + 1.790% | ||||||||
3.273% VRN 3/01/30 | 535,000 | 447,532 | ||||||
Intercontinental Exchange, Inc. | ||||||||
4.600% 3/15/33 | 420,000 | 390,889 | ||||||
ORIX Corp. | ||||||||
5.200% 9/13/32 | 305,000 | 289,778 | ||||||
Park Aerospace Holdings Ltd. | ||||||||
4.500% 3/15/23 (c) | 320,000 | 318,109 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
5.500% 2/15/24 (c) | $ | 82,000 | $ | 80,054 | ||||
4,002,909 | ||||||||
Electric — 1.2% | ||||||||
Duke Energy Carolinas LLC | ||||||||
4.000% 9/30/42 | 1,000,000 | 804,248 | ||||||
Florida Power & Light Co. | ||||||||
3.990% 3/01/49 | 495,000 | 400,326 | ||||||
Jersey Central Power & Light Co. | ||||||||
4.700% 4/01/24 (c) | 800,000 | 787,557 | ||||||
6.400% 5/15/36 | 425,000 | 414,653 | ||||||
MidAmerican Energy Co. | ||||||||
4.800% 9/15/43 | 1,400,000 | 1,258,505 | ||||||
3,665,289 | ||||||||
Engineering & Construction — 0.1% | ||||||||
Artera Services LLC | ||||||||
9.033% 12/04/25 (c) | 95,000 | 76,475 | ||||||
Heathrow Funding Ltd. | ||||||||
1.875% 3/14/34 EUR (c) (e) | 380,000 | 261,821 | ||||||
338,296 | ||||||||
Entertainment — 0.5% | ||||||||
Caesars Entertainment, Inc. | ||||||||
4.625% 10/15/29 (c) (d) | 75,000 | 57,306 | ||||||
8.125% 7/01/27 (c) (d) | 100,000 | 95,509 | ||||||
Warnermedia Holdings, Inc. | ||||||||
4.279% 3/15/32 (c) | 190,000 | 156,280 | ||||||
5.050% 3/15/42 (c) | 905,000 | 677,252 | ||||||
5.141% 3/15/52 (c) | 715,000 | 518,768 | ||||||
1,505,115 | ||||||||
Environmental Controls — 0.1% | ||||||||
Waste Pro USA, Inc. | ||||||||
5.500% 2/15/26 (c) | 175,000 | 154,233 | ||||||
Food — 0.8% | ||||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||||||||
4.375% 2/02/52 (c) | 135,000 | 90,485 | ||||||
5.750% 4/01/33 (c) | 400,000 | 362,000 | ||||||
6.500% 12/01/52 (c) | 415,000 | 369,786 | ||||||
Kraft Heinz Foods Co. | ||||||||
4.875% 10/01/49 | 480,000 | 395,662 | ||||||
5.000% 6/04/42 | 360,000 | 312,755 | ||||||
Pilgrim's Pride Corp. | ||||||||
3.500% 3/01/32 (c) | 360,000 | 270,919 | ||||||
5.875% 9/30/27 (c) | 30,000 | 29,175 | ||||||
Post Holdings, Inc. | ||||||||
5.750% 3/01/27 (c) | 150,000 | 143,072 | ||||||
Smithfield Foods, Inc. | ||||||||
2.625% 9/13/31 (c) | 635,000 | 466,734 | ||||||
2,440,588 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Health Care – Products — 0.2% | ||||||||
PerkinElmer, Inc. | ||||||||
2.250% 9/15/31 | $ | 800,000 | $ | 601,281 | ||||
Health Care – Services — 1.8% | ||||||||
Aetna, Inc. | ||||||||
2.800% 6/15/23 | 485,000 | 478,753 | ||||||
Centene Corp. | ||||||||
2.450% 7/15/28 | 488,000 | 397,339 | ||||||
3.000% 10/15/30 | 453,000 | 358,749 | ||||||
4.250% 12/15/27 | 230,000 | 209,950 | ||||||
CommonSpirit Health | ||||||||
2.782% 10/01/30 | 495,000 | 394,889 | ||||||
3.910% 10/01/50 | 75,000 | 53,351 | ||||||
Fresenius Medical Care US Finance III, Inc. | ||||||||
1.875% 12/01/26 (c) | 340,000 | 284,169 | ||||||
HCA, Inc. | ||||||||
2.375% 7/15/31 | 90,000 | 66,545 | ||||||
3.625% 3/15/32 (c) | 70,000 | 56,565 | ||||||
4.125% 6/15/29 | 345,000 | 302,458 | ||||||
4.625% 3/15/52 (c) | 332,000 | 249,401 | ||||||
5.000% 3/15/24 | 287,000 | 285,104 | ||||||
5.250% 6/15/49 | 775,000 | 630,269 | ||||||
5.500% 6/15/47 | 470,000 | 397,102 | ||||||
Humana, Inc. | ||||||||
2.150% 2/03/32 | 435,000 | 330,387 | ||||||
Molina Healthcare, Inc. | ||||||||
3.875% 11/15/30 (c) | 90,000 | 75,534 | ||||||
3.875% 5/15/32 (c) | 190,000 | 155,637 | ||||||
4.375% 6/15/28 (c) | 300,000 | 270,750 | ||||||
Universal Health Services, Inc. | ||||||||
1.650% 9/01/26 (c) | 385,000 | 322,761 | ||||||
5,319,713 | ||||||||
Household Products & Wares — 0.0% | ||||||||
Central Garden & Pet Co. | ||||||||
5.125% 2/01/28 | 123,000 | 110,731 | ||||||
Insurance — 0.9% | ||||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | ||||||||
6.750% 10/15/27 (c) (d) | 35,000 | 30,163 | ||||||
Aon Corp. / Aon Global Holdings PLC | ||||||||
3.900% 2/28/52 | 190,000 | 140,848 | ||||||
Athene Global Funding | ||||||||
1.985% 8/19/28 (c) | 555,000 | 438,014 | ||||||
3.205% 3/08/27 (c) (d) | 135,000 | 119,378 | ||||||
SOFR + .700% 3.442% FRN 5/24/24 (c) | 505,000 | 495,517 | ||||||
Farmers Exchange Capital 3 mo. USD LIBOR + 3.454% | ||||||||
5.454% VRN 10/15/54 (c) | 970,000 | 893,480 | ||||||
Teachers Insurance & Annuity Association of America | ||||||||
3.300% 5/15/50 (c) | 225,000 | 153,405 | ||||||
4.270% 5/15/47 (c) | 130,000 | 105,583 | ||||||
Willis North America, Inc. | ||||||||
2.950% 9/15/29 | 290,000 | 238,502 | ||||||
2,614,890 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Internet — 0.1% | ||||||||
Netflix, Inc. | ||||||||
4.625% 5/15/29 EUR (e) | $ | 150,000 | $ | 137,123 | ||||
Tencent Holdings Ltd. | ||||||||
3.680% 4/22/41 (c) | 335,000 | 240,296 | ||||||
377,419 | ||||||||
Machinery – Diversified — 0.0% | ||||||||
OT Merger Corp. | ||||||||
7.875% 10/15/29 (c) (d) | 45,000 | 30,487 | ||||||
Media — 0.8% | ||||||||
Cable One, Inc. | ||||||||
4.000% 11/15/30 (c) | 75,000 | 58,105 | ||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | ||||||||
3.750% 2/15/28 | 92,000 | 81,310 | ||||||
4.800% 3/01/50 | 330,000 | 238,089 | ||||||
4.908% 7/23/25 | 205,000 | 199,937 | ||||||
5.250% 4/01/53 | 265,000 | 202,533 | ||||||
5.375% 5/01/47 | 95,000 | 73,494 | ||||||
5.750% 4/01/48 | 280,000 | 226,018 | ||||||
Cox Communications, Inc. | ||||||||
2.600% 6/15/31 (c) | 385,000 | 298,331 | ||||||
CSC Holdings LLC | ||||||||
5.375% 2/01/28 (c) | 280,000 | 244,521 | ||||||
Diamond Sports Group LLC / Diamond Sports Finance Co. | ||||||||
5.375% 8/15/26 (c) | 665,000 | 130,673 | ||||||
Time Warner Cable, Inc. | ||||||||
5.500% 9/01/41 | 535,000 | 419,984 | ||||||
5.875% 11/15/40 | 170,000 | 139,964 | ||||||
2,312,959 | ||||||||
Miscellaneous - Manufacturing — 0.2% | ||||||||
GE Capital International Funding Co. Unlimited Co. | ||||||||
4.418% 11/15/35 | 440,000 | 394,937 | ||||||
General Electric Co. | ||||||||
6.750% 3/15/32 | 162,000 | 174,962 | ||||||
569,899 | ||||||||
Oil & Gas — 0.5% | ||||||||
KazMunay Gas National Co. | ||||||||
4.750% 4/19/27 (c) | 200,000 | 167,210 | ||||||
Pertamina Persero PT | ||||||||
3.100% 8/27/30 (c) | 200,000 | 163,059 | ||||||
Petroleos Mexicanos | ||||||||
5.950% 1/28/31 | 50,000 | 33,770 | ||||||
6.625% 6/15/35 | 900,000 | 575,100 | ||||||
7.690% 1/23/50 | 115,000 | 70,898 | ||||||
Saudi Arabian Oil Co. | ||||||||
1.625% 11/24/25 (c) | 200,000 | 179,933 | ||||||
Shell International Finance BV | ||||||||
3.750% 9/12/46 | 25,000 | 19,025 | ||||||
Transocean Guardian Ltd. | ||||||||
5.875% 1/15/24 (c) | 82,505 | 77,687 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Transocean Poseidon Ltd. | ||||||||
6.875% 2/01/27 (c) | $ | 85,750 | $ | 78,461 | ||||
1,365,143 | ||||||||
Oil & Gas Services — 0.1% | ||||||||
Transocean Proteus Ltd. | ||||||||
6.250% 12/01/24 (c) | 127,350 | 119,709 | ||||||
USA Compression Partners LP/USA Compression Finance Corp. | ||||||||
6.875% 4/01/26 | 30,000 | 27,480 | ||||||
147,189 | ||||||||
Packaging & Containers — 0.6% | ||||||||
Amcor Finance USA, Inc. | ||||||||
3.625% 4/28/26 | 650,000 | 607,180 | ||||||
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc. | ||||||||
5.250% 8/15/27 (c) | 190,000 | 117,838 | ||||||
5.250% 8/15/27 (c) (d) | 200,000 | 124,040 | ||||||
Berry Global, Inc. | ||||||||
1.570% 1/15/26 | 410,000 | 357,310 | ||||||
4.875% 7/15/26 (c) | 330,000 | 310,200 | ||||||
Mauser Packaging Solutions Holding Co. | ||||||||
5.500% 4/15/24 (c) | 30,000 | 28,500 | ||||||
Trivium Packaging Finance BV | ||||||||
5.500% 8/15/26 (c) | 320,000 | 286,217 | ||||||
1,831,285 | ||||||||
Pharmaceuticals — 1.2% | ||||||||
AbbVie, Inc. | ||||||||
4.450% 5/14/46 | 400,000 | 325,122 | ||||||
4.500% 5/14/35 | 390,000 | 347,147 | ||||||
Bayer US Finance II LLC | ||||||||
4.375% 12/15/28 (c) | 893,000 | 817,490 | ||||||
4.625% 6/25/38 (c) | 795,000 | 657,947 | ||||||
4.875% 6/25/48 (c) | 210,000 | 171,478 | ||||||
Cigna Corp. | ||||||||
3.400% 3/15/51 | 250,000 | 170,502 | ||||||
4.125% 11/15/25 | 60,000 | 58,283 | ||||||
CVS Health Corp. | ||||||||
5.050% 3/25/48 | 1,090,000 | 956,278 | ||||||
Embecta Corp. | ||||||||
5.000% 2/15/30 (c) | 200,000 | 171,666 | ||||||
Endo DAC / Endo Finance LLC / Endo Finco, Inc. | ||||||||
6.000% 6/30/28 (c) (f) | 37,000 | 2,035 | ||||||
3,677,948 | ||||||||
Pipelines — 1.1% | ||||||||
Energy Transfer LP | ||||||||
4.950% 6/15/28 | 300,000 | 279,564 | ||||||
5.000% 5/15/50 | 380,000 | 296,061 | ||||||
5.150% 3/15/45 | 400,000 | 314,702 | ||||||
5.350% 5/15/45 | 50,000 | 40,220 | ||||||
5.400% 10/01/47 | 394,000 | 318,982 | ||||||
5.500% 6/01/27 | 254,000 | 247,241 | ||||||
Galaxy Pipeline Assets Bidco Ltd. | ||||||||
2.160% 3/31/34 (c) | 369,880 | 303,743 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Plains All American Pipeline LP/PAA Finance Corp. | ||||||||
3.800% 9/15/30 | $ | 300,000 | $ | 251,453 | ||||
Rockies Express Pipeline LLC | ||||||||
4.800% 5/15/30 (c) | 250,000 | 205,000 | ||||||
4.950% 7/15/29 (c) | 200,000 | 171,559 | ||||||
Ruby Pipeline LLC | ||||||||
8.000% STEP 4/01/22 (c) | 431,818 | 358,409 | ||||||
TransMontaigne Partners LP/TLP Finance Corp. | ||||||||
6.125% 2/15/26 | 181,000 | 151,135 | ||||||
Venture Global Calcasieu Pass LLC | ||||||||
3.875% 8/15/29 (c) | 365,000 | 313,126 | ||||||
3,251,195 | ||||||||
Real Estate — 0.0% | ||||||||
Vonovia SE | ||||||||
1.500% 6/14/41 EUR (c) (e) | 100,000 | 53,057 | ||||||
Real Estate Investment Trusts (REITS) — 1.3% | ||||||||
CapLand Ascendas REIT | ||||||||
0.750% 6/23/28 EUR (c) (e) | 185,000 | 138,807 | ||||||
GLP Capital LP/GLP Financing II, Inc. | ||||||||
4.000% 1/15/30 | 45,000 | 37,581 | ||||||
5.250% 6/01/25 | 205,000 | 198,149 | ||||||
5.300% 1/15/29 | 310,000 | 282,689 | ||||||
5.375% 4/15/26 | 735,000 | 703,035 | ||||||
Healthcare Realty Holdings LP | ||||||||
2.000% 3/15/31 | 240,000 | 176,208 | ||||||
2.400% 3/15/30 | 195,000 | 149,315 | ||||||
3.100% 2/15/30 | 190,000 | 155,545 | ||||||
Hudson Pacific Properties LP | ||||||||
3.250% 1/15/30 | 90,000 | 71,628 | ||||||
5.950% 2/15/28 (d) | 255,000 | 244,337 | ||||||
Iron Mountain, Inc. | ||||||||
5.250% 7/15/30 (c) | 160,000 | 132,395 | ||||||
SL Green Operating Partnership LP | ||||||||
3.250% 10/15/22 | 500,000 | 499,799 | ||||||
VICI Properties LP | ||||||||
3.750% 2/15/27 (c) | 20,000 | 17,517 | ||||||
3.875% 2/15/29 (c) | 185,000 | 155,198 | ||||||
4.500% 9/01/26 (c) | 100,000 | 91,396 | ||||||
4.500% 1/15/28 (c) | 50,000 | 44,359 | ||||||
4.625% 6/15/25 (c) | 25,000 | 23,519 | ||||||
4.950% 2/15/30 | 20,000 | 18,074 | ||||||
5.125% 5/15/32 | 330,000 | 292,512 | ||||||
5.625% 5/15/52 | 164,000 | 135,675 | ||||||
5.750% 2/01/27 (c) | 120,000 | 113,074 | ||||||
3,680,812 | ||||||||
Retail — 0.0% | ||||||||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co., Inc. | ||||||||
6.750% 1/15/30 (c) (d) | 35,000 | 26,606 | ||||||
The Michaels Cos., Inc. | ||||||||
5.250% 5/01/28 (c) | 170,000 | 119,337 | ||||||
145,943 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Savings & Loans — 0.3% | ||||||||
Nationwide Building Society | ||||||||
SOFR + 1.290% 2.972% VRN 2/16/28 (c) | $ | 340,000 | $ | 292,404 | ||||
3 mo. USD LIBOR + 1.064% 3.766% VRN 3/08/24 (c) | 525,000 | 519,143 | ||||||
3 mo. USD LIBOR + 1.392% 4.363% VRN 8/01/24 (c) | 190,000 | 187,489 | ||||||
999,036 | ||||||||
Semiconductors — 0.2% | ||||||||
Broadcom, Inc. | ||||||||
4.300% 11/15/32 | 360,000 | 302,195 | ||||||
TSMC Global Ltd. | ||||||||
4.625% 7/22/32 (c) | 200,000 | 189,443 | ||||||
491,638 | ||||||||
Software — 0.3% | ||||||||
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc. | ||||||||
5.750% 3/01/25 (c) | 128,000 | 127,522 | ||||||
Oracle Corp. | ||||||||
2.800% 4/01/27 | 140,000 | 123,469 | ||||||
2.875% 3/25/31 | 195,000 | 153,723 | ||||||
3.950% 3/25/51 | 753,000 | 499,464 | ||||||
904,178 | ||||||||
Telecommunications — 2.4% | ||||||||
AT&T, Inc. | ||||||||
3.800% 12/01/57 | 1,357,000 | 916,858 | ||||||
4.750% 5/15/46 | 710,000 | 595,159 | ||||||
5.250% 3/01/37 | 270,000 | 248,604 | ||||||
CommScope, Inc. | ||||||||
4.750% 9/01/29 (c) | 73,000 | 59,543 | ||||||
Intelsat Jackson Holdings S.A. | ||||||||
6.500% 3/15/30 (c) (d) | 1,052,000 | 894,411 | ||||||
Intelsat Jackson Holdings S.A., Escrow | ||||||||
8.500% 10/15/24 (g) (h) (i) | 171,000 | — | ||||||
9.750% 7/15/25 (g) (h) (i) | 585,000 | — | ||||||
Level 3 Financing, Inc. | ||||||||
3.400% 3/01/27 (c) | 60,000 | 50,250 | ||||||
3.875% 11/15/29 (c) | 460,000 | 363,005 | ||||||
Lumen Technologies, Inc. | ||||||||
5.375% 6/15/29 (c) | 385,000 | 286,118 | ||||||
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC | ||||||||
4.738% 3/20/25 (c) | 881,250 | 868,614 | ||||||
T-Mobile USA, Inc. | ||||||||
2.550% 2/15/31 | 900,000 | 712,749 | ||||||
3.750% 4/15/27 | 375,000 | 346,238 | ||||||
3.875% 4/15/30 | 345,000 | 305,903 | ||||||
4.375% 4/15/40 | 290,000 | 236,184 | ||||||
Verizon Communications, Inc. | ||||||||
2.550% 3/21/31 | 330,000 | 263,767 | ||||||
Vodafone Group PLC | ||||||||
4.875% 6/19/49 | 452,000 | 355,324 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
5.250% 5/30/48 | $ | 600,000 | $ | 496,882 | ||||
6,999,609 | ||||||||
TOTAL CORPORATE DEBT (Cost $101,606,647) | 85,691,359 | |||||||
MUNICIPAL OBLIGATIONS — 1.0% | ||||||||
California State University | ||||||||
Revenue Bond, 2.274% 11/01/34 | 180,000 | 132,773 | ||||||
Revenue Bond, 2.374% 11/01/35 | 20,000 | 14,575 | ||||||
City of New York NY, General Obligation | ||||||||
5.206% 10/01/31 | 750,000 | 749,487 | ||||||
Jersey City Municipal Utilities Authority, Revenue Bond | ||||||||
5.470% 5/15/27 | 635,000 | 646,234 | ||||||
New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue Bond | ||||||||
2.450% 11/01/34 | 560,000 | 414,322 | ||||||
New York State Dormitory Authority, Revenue Bond | ||||||||
5.289% 3/15/33 | 750,000 | 756,330 | ||||||
University of California, Revenue Bond | ||||||||
2.247% 5/15/34 | 290,000 | 215,607 | ||||||
University of Michigan, Revenue Bond | ||||||||
3.504% 4/01/52 | 140,000 | 107,293 | ||||||
3,036,621 | ||||||||
TOTAL MUNICIPAL OBLIGATIONS (Cost $3,712,919) | 3,036,621 | |||||||
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS — 18.0% | ||||||||
Commercial Mortgage-Backed Securities — 3.9% | ||||||||
BAMLL Commercial Mortgage Securities Trust, Series 2018-PARK, Class A, | ||||||||
4.227% VRN 8/10/38 (c) (j) | 620,000 | 563,242 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2019-XL, Class A, 1 mo. USD LIBOR + .920% 3.738% FRN 10/15/36 (c) | 1,189,796 | 1,171,963 | ||||||
Series 2022-CSMO, Class A, 1 mo. TSFR + 2.115% 4.960% FRN 6/15/27 (c) | 692,000 | 688,563 | ||||||
BX Trust | ||||||||
Series 2019-OC11, Class A, 3.202% 12/09/41 (c) | 180,000 | 149,832 | ||||||
Series 2022-VAMF, Class C, 1 mo. TSFR + 1.580% 4.425% FRN 1/15/39 (c) | 443,000 | 424,286 | ||||||
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, 1 mo. TSFR + 3.188% | ||||||||
6.034% FRN 3/15/35 (c) | 894,000 | 851,626 | ||||||
CALI Mortgage Trust, Series 2019-101C, Class A | ||||||||
3.957% 3/10/39 (c) | 415,000 | 366,001 | ||||||
CPT Mortgage Trust, Series 2019-CPT, Class A | ||||||||
2.865% 11/13/39 (c) | 355,000 | 288,963 | ||||||
DC Office Trust, Series 2019-MTC, Class A | ||||||||
2.965% 9/15/45 (c) | 375,000 | 309,236 | ||||||
GS Mortgage Securities Corp. II, Series 2021-ARDN, Class A, 1 mo. USD LIBOR + 1.250% | ||||||||
4.068% FRN 11/15/36 (c) | 1,570,000 | 1,512,560 | ||||||
GS Mortgage-Backed Securities Trust | ||||||||
3.000% 1/25/53 (c) | 2,000,000 | 1,704,736 | ||||||
Hudson Yards Mortgage Trust | ||||||||
Series 2019-55HY, Class A, 3.041% VRN 12/10/41 (c) (j) | 375,000 | 315,986 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Series 2019-30HY, Class A, 3.228% 7/10/39 (c) | $ | 385,000 | $ | 331,474 | ||||
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-OSB, Class A | ||||||||
3.397% 6/05/39 (c) | 385,000 | 331,694 | ||||||
MKT Mortgage Trust, Series 2020-525M, Class A | ||||||||
2.694% 2/12/40 (c) | 255,000 | 203,884 | ||||||
One Bryant Park Trust, Series 2019-OBP, Class A | ||||||||
2.516% 9/15/54 (c) | 490,000 | 401,894 | ||||||
RBS Commercial Funding, Inc. Trust, Series 2013-GSP, Class A, | ||||||||
3.961% VRN 1/15/32 (c) (j) | 670,000 | 639,553 | ||||||
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1, | ||||||||
3.872% VRN 1/05/43 (c) (j) | 655,000 | 500,860 | ||||||
Wells Fargo Commercial Mortgage Trust, Series 2019-JWDR, Class E, | ||||||||
3.989% VRN 9/15/31 (c) (j) | 702,000 | 575,372 | ||||||
11,331,725 | ||||||||
Home Equity Asset-Backed Securities — 0.7% | ||||||||
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-4, Class M2, 1 mo. USD LIBOR + .705% | ||||||||
3.789% FRN 10/25/35 | 780,000 | 727,376 | ||||||
Citigroup Mortgage Loan Trust, Series 2006-HE2, Class M1, 1 mo. USD LIBOR + .435% | ||||||||
3.519% FRN 8/25/36 | 508,245 | 503,824 | ||||||
Morgan Stanley Capital, Inc. Trust, Series 2006-HE1, Class A4, 1 mo. USD LIBOR + .580% | ||||||||
3.664% FRN 1/25/36 | 957,098 | 924,572 | ||||||
2,155,772 | ||||||||
Other Asset-Backed Securities — 4.4% | ||||||||
Aimco CLO Ltd. | ||||||||
Series 2020-11A, Class AR, 3 mo. USD LIBOR + 1.130% 3.870% FRN 10/17/34 (c) | 750,000 | 715,301 | ||||||
Series 2015-AA, Class BR2, 3 mo. USD LIBOR + 1.600% 4.340% FRN 10/17/34 (c) | 1,100,000 | 1,026,810 | ||||||
Allegro CLO XII Ltd., Series 2020-1A, Class A1, 3 mo. USD LIBOR + 1.250% | ||||||||
3.982% FRN 1/21/32 (c) | 850,000 | 828,465 | ||||||
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class A, 3 mo. USD LIBOR + 1.100% | ||||||||
3.612% FRN 7/15/33 (c) | 800,000 | 771,388 | ||||||
Dryden Senior Loan Fund, Series 2013-26A, Class AR, 3 mo. USD LIBOR + .900% | ||||||||
3.412% FRN 4/15/29 (c) | 887,917 | 871,870 | ||||||
Eaton Vance Ltd., Series 2020-1A, Class AR, 3 mo. USD LIBOR + 1.170% | ||||||||
3.682% FRN 10/15/34 (c) | 990,000 | 947,824 | ||||||
Flatiron CLO Ltd., Series 2021-1A, Class B, 3 mo. USD LIBOR + 1.600% | ||||||||
4.338% FRN 7/19/34 (c) | 850,000 | 788,298 | ||||||
GSAMP Trust, Series 2005-HE5, Class M3, 1 mo. USD LIBOR + .690% | ||||||||
3.774% FRN 11/25/35 | 486,370 | 478,320 | ||||||
HPS Loan Management Ltd., Series 2021-16A, Class A1, 3 mo. USD LIBOR + 1.140% | ||||||||
3.923% FRN 1/23/35 (c) | 1,000,000 | 951,858 | ||||||
LCM LP, Series 21A, Class AR, 3 mo. USD LIBOR + .880% | ||||||||
3.590% FRN 4/20/28 (c) | 232,961 | 230,721 | ||||||
Magnetite Ltd., Series 2012-7A, Class A1R2, 3 mo. USD LIBOR + .800% | ||||||||
3.312% FRN 1/15/28 (c) | 917,285 | 899,914 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
MF1 Ltd., Series 2021-FL7, Class AS, 1 mo. USD LIBOR + 1.450% | ||||||||
4.443% FRN 10/16/36 (c) | $ | 850,000 | $ | 815,932 | ||||
Progress Residential Trust | ||||||||
Series 2020-SFR3, Class F, 2.796% 10/17/27 (c) | 360,000 | 318,739 | ||||||
Series 2021-SFR2, Class F, 3.395% 4/19/38 (c) | 1,150,000 | 982,503 | ||||||
Series 2021-SFR10, Class F, 4.608% 12/17/40 (c) | 479,000 | 390,918 | ||||||
Rockford Tower CLO Ltd., Series 2021-1A, Class A1, 3 mo. USD LIBOR + 1.170% | ||||||||
3.880% FRN 7/20/34 (c) | 850,000 | 812,896 | ||||||
Saxon Asset Securities Trust, Series 2007-2, Class A2C, 1 mo. USD LIBOR + .240% | ||||||||
3.324% FRN 5/25/47 | 1,580,463 | 1,121,311 | ||||||
12,953,068 | ||||||||
Student Loans Asset-Backed Securities — 2.8% | ||||||||
Access Group, Inc., Series 2015-1, Class A, 1 mo. USD LIBOR + .700% | ||||||||
3.784% FRN 7/25/56 (c) | 355,910 | 342,298 | ||||||
Collegiate Funding Services Education Loan Trust, Series 2005-A, Class A4, 3 mo. USD LIBOR + .200% | ||||||||
3.841% FRN 3/28/35 | 1,154,661 | 1,141,985 | ||||||
Nelnet Student Loan Trust, Series 2015-1A, Class A, 1 mo. USD LIBOR + .590% | ||||||||
3.674% FRN 4/25/46 (c) | 677,090 | 660,182 | ||||||
SLM Student Loan Trust | ||||||||
Series 2007-7, Class A4, 3 mo. USD LIBOR + .330% 3.113% FRN 1/25/28 | 599,590 | 577,420 | ||||||
Series 2012-7, Class A3, 1 mo. USD LIBOR + .650% 3.734% FRN 5/26/26 | 652,259 | 624,769 | ||||||
Series 2012-2, Class A, 1 mo. USD LIBOR + .700% 3.784% FRN 1/25/29 | 760,899 | 722,692 | ||||||
Series 2008-6, Class A4, 3 mo. USD LIBOR + 1.100% 3.883% FRN 7/25/23 | 910,283 | 889,848 | ||||||
Series 2012-1, Class A3, 1 mo. USD LIBOR + .950% 4.034% FRN 9/25/28 | 633,669 | 612,368 | ||||||
Series 2008-9, Class A, 3 mo. USD LIBOR + 1.500% 4.283% FRN 4/25/23 | 656,545 | 648,499 | ||||||
Series 2008-5, Class B, 3 mo. USD LIBOR + 1.850% 4.633% FRN 7/25/73 | 700,000 | 690,438 | ||||||
Series 2008-9, Class B, 3 mo. USD LIBOR + 2.250% 5.033% FRN 10/25/83 | 1,430,000 | 1,378,200 | ||||||
8,288,699 | ||||||||
Whole Loan Collateral Collateralized Mortgage Obligations — 6.2% | ||||||||
American Home Mortgage Investment Trust, Series 2005-1, Class 6A, 6 mo. USD LIBOR + 2.000% | ||||||||
5.566% FRN 6/25/45 | 332,072 | 318,227 | ||||||
Angel Oak Mortgage Trust | ||||||||
Series 2021-7, Class A1, 1.978% VRN 10/25/66 (c) (j) | 234,925 | 196,314 | ||||||
Series 2022-6,Class A1, 4.300% 7/25/67 (c) | 900,000 | 849,327 | ||||||
Chase Mortgage Finance Trust, Series 2007-A1, Class 11A4, | ||||||||
3.377% VRN 3/25/37 (j) | 226,228 | 200,565 | ||||||
Citigroup Mortgage Loan Trust, Series 2005-11, Class A2A, 1 year CMT + 2.400% | ||||||||
5.410% FRN 10/25/35 | 177,461 | 171,630 | ||||||
COLT Mortgage Loan Trust, Series 2021-6, Class A1, | ||||||||
1.907% VRN 12/25/66 (c) (j) | 795,997 | 688,810 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2006-OA6, Class 1A2, 1 mo. USD LIBOR + .420% 3.504% FRN 7/25/46 | 854,685 | 762,124 | ||||||
Series 2005-31, Class 2A1, 1 mo. USD LIBOR + .600% 3.684% FRN 8/25/35 | 856,992 | 780,526 | ||||||
Credit Suisse Mortgage Trust, Series 2018-RPL9, Class A, | ||||||||
3.850% VRN 9/25/57 (c) (j) | 834,759 | 795,376 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Deephaven Residential Mortgage Trust, Series 2021-4, Class A1, | ||||||||
1.931% VRN 11/25/66 (c) (j) | $ | 1,560,766 | $ | 1,341,434 | ||||
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-1, Class 1A3, 1 mo. USD LIBOR + .500% | ||||||||
3.584% FRN 2/25/35 | 1,441,087 | 1,350,560 | ||||||
First Horizon Mortgage Pass-Through Trust, Series 2005-AR5, Class 2A1, | ||||||||
3.041% VRN 11/25/35 (j) | 205,799 | 163,437 | ||||||
GS Mortgage-Backed Securities Trust, Series 2018-RPL1, Class A1A | ||||||||
3.750% 10/25/57 (c) | 703,561 | 677,794 | ||||||
HarborView Mortgage Loan Trust, Series 2006-10, Class 1A1A, 1 mo. USD LIBOR + .200% | ||||||||
3.193% FRN 11/19/36 | 1,615,181 | 1,271,306 | ||||||
Impac CMB Trust, Series 2005-1, Class 1A1, 1 mo. USD LIBOR + .520% | ||||||||
3.604% FRN 4/25/35 | 459,852 | 424,278 | ||||||
IndyMac Index Mortgage Loan Trust | ||||||||
Series 2005-AR19, Class A1, 3.047% VRN 10/25/35 (j) | 663,242 | 538,832 | ||||||
Series 2006-AR27, Class 1A3, 1 mo. USD LIBOR + .540% 3.624% FRN 10/25/36 | 1,264,897 | 576,397 | ||||||
JP Morgan Mortgage Trust, Series 2021-13, Class A3, | ||||||||
2.500% VRN 4/25/52 (c) (j) | 1,752,611 | 1,393,052 | ||||||
MASTR Adjustable Rate Mortgages Trust, Series 2007-1, Class I2A3, 12 mo. MTA + .740% | ||||||||
1.844% FRN 1/25/47 | 1,250,566 | 1,215,450 | ||||||
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2005-AR1, Class M1, 1 mo. USD LIBOR + 1.070% | ||||||||
4.154% FRN 2/25/35 | 587,978 | 569,021 | ||||||
Opteum Mortgage Acceptance Corp., 1 mo. USD LIBOR + .750% | ||||||||
3.834% FRN 11/25/35 | 1,450,000 | 1,346,460 | ||||||
Washington Mutual Mortgage Pass-Through Certificates | ||||||||
Series 2005-AR15, Class A1A1, 1 mo. USD LIBOR + .520% 3.604% FRN 11/25/45 | 1,667,422 | 1,482,488 | ||||||
Series 2005-AR13, Class A1A1, 1 mo. USD LIBOR + .580% 3.664% FRN 10/25/45 | 343,809 | 321,303 | ||||||
Series 2005-AR2, Class 2A21, 1 mo. USD LIBOR + .660% 3.744% FRN 1/25/45 | 278,665 | 269,092 | ||||||
Washington Mutual Mortgage Pass-Through Certificates Trust, Series 2006-1 Class 3A2 | ||||||||
5.750% 2/25/36 | 510,476 | 453,321 | ||||||
18,157,124 | ||||||||
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $56,134,824) | 52,886,388 | |||||||
SOVEREIGN DEBT OBLIGATIONS — 1.2% | ||||||||
Abu Dhabi Government International Bond | ||||||||
2.500% 9/30/29 (c) | 200,000 | 174,016 | ||||||
Airport Authority | ||||||||
3.250% 1/12/52 | 405,000 | 292,596 | ||||||
Brazilian Government International Bond | ||||||||
2.875% 6/06/25 | 200,000 | 187,088 | ||||||
3.875% 6/12/30 | 200,000 | 165,317 | ||||||
CBB International Sukuk Co. | ||||||||
6.875% 10/05/25 (c) | 200,000 | 206,513 | ||||||
Chile Government International Bond | ||||||||
2.550% 1/27/32 (d) | 224,000 | 175,822 | ||||||
Colombia Government International Bond | ||||||||
4.500% 1/28/26 | 200,000 | 183,050 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Dominican Republic International Bond | ||||||||
4.500% 1/30/30 | $ | 200,000 | $ | 157,241 | ||||
Hungary Government International Bond | ||||||||
2.125% 9/22/31 | 200,000 | 136,529 | ||||||
Mexico Government International Bond | ||||||||
2.659% 5/24/31 (d) | 288,000 | 221,008 | ||||||
3.750% 1/11/28 | 300,000 | 275,615 | ||||||
Oman Government International Bond | ||||||||
5.625% 1/17/28 (c) | 200,000 | 185,815 | ||||||
Panama Government International Bond | ||||||||
2.252% 9/29/32 | 200,000 | 141,212 | ||||||
3.160% 1/23/30 | 200,000 | 163,315 | ||||||
Peruvian Government International Bond | ||||||||
2.844% 6/20/30 | 80,000 | 65,568 | ||||||
4.125% 8/25/27 (d) | 200,000 | 189,211 | ||||||
Qatar Government International Bond | ||||||||
4.500% 4/23/28 (c) | 200,000 | �� | 197,366 | |||||
Republic of South Africa Government International Bond | ||||||||
5.875% 4/20/32 | 250,000 | 206,278 | ||||||
Republic of Turkey International Bond | ||||||||
3.250% 3/23/23 (d) | 200,000 | 197,600 | ||||||
Romanian Government International Bond | ||||||||
3.000% 2/14/31 (c) | 110,000 | 77,966 | ||||||
3,599,126 | ||||||||
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $4,420,168) | 3,599,126 | |||||||
U.S. Government Agency Obligations and Instrumentalities (k) — 37.1% | ||||||||
Collateralized Mortgage Obligations — 1.0% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
Series 4818, Class CA, 3.000% 4/15/48 | 154,822 | 139,672 | ||||||
Series 4639, Class HZ, 3.250% STEP 4/15/53 | 1,600,532 | 1,283,103 | ||||||
Series 4846, Class PA, 4.000% 6/15/47 | 73,459 | 73,960 | ||||||
Federal National Mortgage Association | ||||||||
Pool #BV8477 3.000% 5/01/52 | 615,449 | 536,200 | ||||||
Series 2018-57, Class QA, 3.500% 5/25/46 | 100,573 | 100,708 | ||||||
Federal National Mortgage Association REMICS | ||||||||
Series 2018-43, Class CT, 3.000% 6/25/48 | 274,448 | 251,448 | ||||||
Series 2018-55, Class PA, 3.500% 1/25/47 | 88,652 | 88,987 | ||||||
Government National Mortgage Association | ||||||||
Series 2018-124, Class NW, 3.500% 9/20/48 | 273,138 | 251,740 | ||||||
Series 2019-15, Class GT, 3.500% 2/20/49 | 166,164 | 153,545 | ||||||
2,879,363 | ||||||||
Pass-Through Securities — 34.8% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
Pool #QE0312 2.000% 4/01/52 | 1,223,439 | 991,780 | ||||||
Pool #SD8194 2.500% 2/01/52 | 1,648,900 | 1,388,345 | ||||||
Pool #SD8205 2.500% 4/01/52 | 1,776,073 | 1,494,034 | ||||||
Pool #SD8212 2.500% 5/01/52 | 1,715,147 | 1,442,783 | ||||||
Pool #G18592 3.000% 3/01/31 | 176,570 | 167,765 | ||||||
Pool #G18627 3.000% 1/01/32 | 562,002 | 531,870 | ||||||
Pool #G08710 3.000% 6/01/46 | 101,977 | 90,490 | ||||||
Pool #ZM1779 3.000% 9/01/46 | 517,320 | 458,608 | ||||||
Pool #G08726 3.000% 10/01/46 | 762,910 | 676,975 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Pool #G08732 3.000% 11/01/46 | $ | 278,579 | $ | 246,939 | ||||
Pool #G08741 3.000% 1/01/47 | 768,036 | 680,084 | ||||||
Pool #G07848 3.500% 4/01/44 | 1,251,436 | 1,157,104 | ||||||
Pool #G60023 3.500% 4/01/45 | 1,153,341 | 1,068,566 | ||||||
Pool #G08711 3.500% 6/01/46 | 335,224 | 308,279 | ||||||
Pool #G08716 3.500% 8/01/46 | 473,217 | 435,181 | ||||||
Pool #G67700 3.500% 8/01/46 | 569,085 | 527,077 | ||||||
Pool #G08722 3.500% 9/01/46 | 83,662 | 76,938 | ||||||
Pool #G08742 3.500% 1/01/47 | 381,902 | 350,727 | ||||||
Pool #G08757 3.500% 4/01/47 | 98,564 | 90,457 | ||||||
Pool #G67703 3.500% 4/01/47 | 822,862 | 761,350 | ||||||
Pool #G67706 3.500% 12/01/47 | 747,075 | 689,360 | ||||||
Pool #ZA5103 3.500% 12/01/47 | 3,830 | 3,505 | ||||||
Pool #G67707 3.500% 1/01/48 | 2,082,763 | 1,926,417 | ||||||
Pool #G08800 3.500% 2/01/48 | 34,318 | 31,410 | ||||||
Pool #G67708 3.500% 3/01/48 | 182,465 | 168,483 | ||||||
Pool #G67710 3.500% 3/01/48 | 952,944 | 876,050 | ||||||
Pool #G08816 3.500% 6/01/48 | 276,804 | 253,257 | ||||||
Pool #G61556 3.500% 8/01/48 | 493,554 | 453,728 | ||||||
Pool #G60344 4.000% 12/01/45 | 613,076 | 582,057 | ||||||
Pool #G67711 4.000% 3/01/48 | 670,312 | 634,093 | ||||||
Pool #G67713 4.000% 6/01/48 | 2,782 | 2,632 | ||||||
Pool #G08843 4.500% 10/01/48 | 130,459 | 126,278 | ||||||
Pool #G08833 5.000% 7/01/48 | 92,858 | 92,067 | ||||||
Pool #G08844 5.000% 10/01/48 | 80,261 | 79,501 | ||||||
Federal National Mortgage Association | ||||||||
Pool #MA4152 2.000% 10/01/40 | 826,528 | 701,020 | ||||||
Pool #MA4176 2.000% 11/01/40 | 1,607,320 | 1,363,248 | ||||||
Pool #MA4333 2.000% 5/01/41 | 195,705 | 165,254 | ||||||
Pool #MA4492 2.000% 12/01/51 | 1,787,927 | 1,450,500 | ||||||
Pool #BQ6913 2.000% 12/01/51 | 2,331,255 | 1,891,288 | ||||||
Pool #BQ7006 2.000% 1/01/52 | 3,619,096 | 2,936,080 | ||||||
Pool #FS1598 2.000% 4/01/52 | 1,661,530 | 1,347,438 | ||||||
Pool #BL6060 2.455% 4/01/40 | 570,000 | 414,052 | ||||||
Pool #MA4512 2.500% 1/01/52 | 1,759,449 | 1,481,425 | ||||||
Pool #MA4548 2.500% 2/01/52 | 1,676,421 | 1,411,517 | ||||||
Pool #MA4563 2.500% 3/01/52 | 1,712,282 | 1,441,176 | ||||||
Pool #MA1607 3.000% 10/01/33 | 302,409 | 276,688 | ||||||
Pool #MA3811 3.000% 10/01/49 | 211,250 | 182,719 | ||||||
Pool #AB4262 3.500% 1/01/32 | 269,902 | 253,118 | ||||||
Pool #MA1512 3.500% 7/01/33 | 130,165 | 122,153 | ||||||
Pool #MA1148 3.500% 8/01/42 | 731,748 | 688,303 | ||||||
Pool #CA0996 3.500% 1/01/48 | 132,984 | 122,138 | ||||||
Pool #MA3305 3.500% 3/01/48 | 26,307 | 24,054 | ||||||
Pool #BL1132 3.730% 1/01/29 | 920,000 | 887,381 | ||||||
Pool #MA1146 4.000% 8/01/42 | 298,216 | 287,129 | ||||||
Pool #AS9830 4.000% 6/01/47 | 132,664 | 125,046 | ||||||
Pool #MA3027 4.000% 6/01/47 | 201,102 | 189,554 | ||||||
Pool #AS9972 4.000% 7/01/47 | 127,305 | 119,915 | ||||||
Pool #931504 4.500% 7/01/39 | 42,686 | 42,063 | ||||||
Pool #CA1710 4.500% 5/01/48 | 457,294 | 442,788 | ||||||
Pool #CA1711 4.500% 5/01/48 | 150,140 | 145,377 | ||||||
Pool #CA2208 4.500% 8/01/48 | 257,176 | 248,696 | ||||||
Pool #AD6374 5.000% 5/01/40 | 8,874 | 8,917 | ||||||
Pool #AI2733 5.000% 5/01/41 | 85,091 | 85,606 | ||||||
Pool #977014 5.500% 5/01/38 | 9,470 | 9,728 | ||||||
Pool #985524 5.500% 6/01/38 | 13,186 | 13,557 | ||||||
Pool #988578 5.500% 8/01/38 | 105,145 | 108,038 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Pool #995482 5.500% 1/01/39 | $ | 60,688 | $ | 62,339 | ||||
Government National Mortgage Association II | ||||||||
Pool #MA4126 3.000% 12/20/46 | 614,034 | 551,504 | ||||||
Pool #MA4718 3.000% 9/20/47 | 66,971 | 60,130 | ||||||
Pool #MA4836 3.000% 11/20/47 | 234,784 | 210,728 | ||||||
Pool #MA6209 3.000% 10/20/49 | 192,738 | 167,209 | ||||||
Pool #MA3521 3.500% 3/20/46 | 239,775 | 221,001 | ||||||
Pool #MA3597 3.500% 4/20/46 | 74,405 | 68,579 | ||||||
Pool #MA3663 3.500% 5/20/46 | 109,086 | 100,544 | ||||||
Pool #MA3937 3.500% 9/20/46 | 89,625 | 82,579 | ||||||
Pool #MA4127 3.500% 12/20/46 | 327,006 | 301,299 | ||||||
Pool #MA4262 3.500% 2/20/47 | 331,324 | 305,277 | ||||||
Pool #MA4382 3.500% 4/20/47 | 85,068 | 78,381 | ||||||
Pool #MA4719 3.500% 9/20/47 | 105,094 | 96,766 | ||||||
Pool #MA4837 3.500% 11/20/47 | 217,282 | 199,997 | ||||||
Pool #MA4900 3.500% 12/20/47 | 785,963 | 723,439 | ||||||
Pool #MA4653 4.000% 8/20/47 | 41,170 | 38,936 | ||||||
Pool #MA4838 4.000% 11/20/47 | 173,082 | 163,634 | ||||||
Pool #MA4901 4.000% 12/20/47 | 75,443 | 71,301 | ||||||
Pool #MA5078 4.000% 3/20/48 | 259,752 | 245,248 | ||||||
Pool #MA5466 4.000% 9/20/48 | 287,346 | 270,314 | ||||||
Pool #MA5399 4.500% 8/20/48 | 526,180 | 509,723 | ||||||
Pool #MA3666 5.000% 5/20/46 | 86,187 | 86,737 | ||||||
Pool #MA4199 5.000% 1/20/47 | 87,551 | 87,818 | ||||||
Pool #MA4454 5.000% 5/20/47 | 140,982 | 141,662 | ||||||
Pool #MA4722 5.000% 9/20/47 | 155,873 | 156,429 | ||||||
Government National Mortgage Association II TBA 2.500% 10/20/52 (l) | 5,225,000 | 4,489,826 | ||||||
Uniform Mortgage Backed Securities TBA | ||||||||
2.000% 10/13/52 (l) | 5,825,000 | 4,716,430 | ||||||
2.000% 11/14/52 (l) | 11,300,000 | 9,149,027 | ||||||
2.500% 11/10/51 (l) | 8,450,000 | 7,094,369 | ||||||
2.500% 10/13/52 (l) | 5,225,000 | 4,387,775 | ||||||
3.000% 10/13/52 (l) | 8,125,000 | 7,068,750 | ||||||
3.500% 10/13/52 (l) | 2,200,000 | 1,979,313 | ||||||
4.000% 10/13/52 (l) | 3,650,000 | 3,384,805 | ||||||
4.500% 10/13/52 (l) | 10,550,000 | 10,042,281 | ||||||
5.000% 10/13/52 (l) | 7,550,000 | 7,349,453 | ||||||
102,513,759 | ||||||||
U.S. Agencies Notes — 1.3% | ||||||||
Federal Home Loan Banks 1.040% 6/14/24 | 4,110,000 | 3,881,809 | ||||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES (Cost $117,106,883) | 109,274,931 | |||||||
U.S. TREASURY OBLIGATIONS — 26.6% | ||||||||
U.S. Treasury Bonds & Notes — 26.6% | ||||||||
U.S. Treasury Bond | ||||||||
2.000% 11/15/41 | 16,757,000 | 11,994,347 | ||||||
2.375% 2/15/42 | 6,330,000 | 4,852,341 | ||||||
3.000% 8/15/52 | 6,592,000 | 5,692,810 | ||||||
U.S. Treasury Inflation Index | ||||||||
0.125% 2/15/52 | 572,583 | 359,855 | ||||||
U.S. Treasury Inflation Index | ||||||||
0.625% 7/15/32 | 405,837 | 367,845 | ||||||
U.S. Treasury Note |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
2.750% 7/31/27 | $ | 8,475,000 | $ | 7,985,701 | ||||
2.750% 8/15/32 | 1,674,000 | 1,530,141 | ||||||
3.000% 7/31/24 | 5,185,000 | 5,070,768 | ||||||
3.250% 8/31/24 (d) | 8,810,000 | 8,653,416 | ||||||
3.250% 6/30/27 | 310,000 | 298,981 | ||||||
3.500% 9/15/25 | 3,935,000 | 3,855,685 | ||||||
4.125% 9/30/27 | 17,015,000 | 17,088,896 | ||||||
4.250% 9/30/24 | 10,370,000 | 10,379,382 | ||||||
78,130,168 | ||||||||
TOTAL U.S. TREASURY OBLIGATIONS (Cost $83,494,395) | 78,130,168 | |||||||
TOTAL BONDS & NOTES (Cost $372,655,402) | 338,464,747 | |||||||
Number of Shares | ||||||||
RIGHTS — 0.0% | ||||||||
Communications — 0.0% | ||||||||
Intelsat Jackson Holdings S.A. (g) (h) (i) | 755 | — | ||||||
Intelsat Jackson Holdings S.A. (g) (h) (i) | 755 | — | ||||||
— | ||||||||
TOTAL RIGHTS (Cost $0) | — | |||||||
MUTUAL FUNDS — 2.0% | ||||||||
Diversified Financial Services — 2.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio | ||||||||
(m) | 5,840,515 | 5,840,515 | ||||||
TOTAL MUTUAL FUNDS (Cost $5,840,515) | 5,840,515 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $379,172,911) | 344,492,722 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 6.2% | ||||||||
Repurchase Agreement — 2.2% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/22, 0.830%, due 10/03/22 (n) | $ | 6,539,142 | 6,539,142 | |||||
U.S. Treasury Bill — 4.0% | ||||||||
U.S. Treasury Bill | ||||||||
1.445% 11/03/22 (o) | 2,910,000 | 2,903,338 | ||||||
1.494% 11/17/22 (o) | 3,550,000 | 3,537,473 | ||||||
2.279% 12/15/22 (d) (o) | 830,000 | 825,289 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
3.791% 3/16/23 (o) | $ | 4,490,000 | $ | 4,414,912 | ||||
11,681,012 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $18,228,756) | 18,220,154 | |||||||
TOTAL INVESTMENTS — 123.3% (Cost $397,401,667) (p) | 362,712,876 | |||||||
Less Unfunded Loan Commitments — (0.0)% | (46,830) | |||||||
NET INVESTMENTS — 123.3% (Cost $397,354,837) | 362,666,046 | |||||||
Other Assets/(Liabilities) — (23.3)% | (68,503,074) | |||||||
NET ASSETS — 100.0% | $ | 294,162,972 |
Abbreviation Legend
CLO | Collateralized Loan Obligation |
FRN | Floating Rate Note |
REMICS | Real Estate Mortgage Investment Conduits |
STEP | Step Up Bond |
TBA | To Be Announced |
VRN | Variable Rate Note |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | All or a portion of the security represents unsettled loan commitments at September 30, 2022 where the rate will be determined at time of settlement. |
(b) | Unfunded or partially unfunded loan commitments. |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2022, the aggregate market value of these securities amounted to $56,429,315 or 19.18% of net assets. |
(d) | Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2022, was $6,371,605 or 2.17% of net assets. The Fund received $668,102 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(e) | The principal amount of the security is in foreign currency. The market value is in U.S. dollars. |
(f) | Security is currently in default due to bankruptcy or failure to make payment of principal or interest of the issuer. Income is not being accrued. At September 30, 2022, these securities amounted to a value of $2,035 or 0.00% of net assets. |
(g) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2022, these securities amounted to a value of $0 or 0.00% of net assets. |
(h) | Investment is valued using significant unobservable inputs. |
(i) | Non-income producing security. |
(j) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The rates shown are the current interest rates at September 30, 2022. |
(k) | May contain securities that are issued by a U.S. Government Agency, but are unsecured and are not guaranteed by a U.S. Government Agency. |
(l) | A portion of this security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
(m) | Represents investment of security lending cash collateral. (Note 2). |
(n) | Maturity value of $6,539,594. Collateralized by U.S. Government Agency obligations with a rate of 0.000%, maturity date of 3/30/23, and an aggregate market value, including accrued interest, of $6,669,979. |
(o) | The rate shown represents yield-to-maturity. |
(p) | See Note 3 for aggregate cost for federal tax purposes. |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Citibank N.A. | 10/07/22 | USD | 667,042 | EUR | 647,000 | 32,821 | ||||||||||
Citibank N.A. | 10/07/22 | EUR | 103,000 | USD | $101,996 | $ | (1,031) | |||||||||
Goldman Sachs International | 10/07/22 | USD | 67,615 | EUR | 66,000 | 2,919 | ||||||||||
$ | 34,709 |
Futures contracts | ||||||||||||||
Expiration Date | Number of Contracts | Notional Amount | Value/ Net Unrealized Appreciation/ (Depreciation) | |||||||||||
Long | ||||||||||||||
U.S. Treasury Note 2 Year | 12/30/22 | 275 | $ | 57,330,084 | $ | (847,662) | ||||||||
Short | ||||||||||||||
U.S. Treasury Ultra 10 Year | 12/20/22 | 23 | $ | (2,776,868) | $ | 51,727 |
Centrally Cleared Interest Rate Swaps | ||||||||||||||||||||||||||||||||
Paid by the Fund | Received by the Fund | |||||||||||||||||||||||||||||||
Rate/ Reference | Frequency | Rate/ Reference | Frequency | Termination Date | Notional Amount | Value | Upfront Premium Paid/ (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
12-Month USD SOFR | Annually | Fixed 1.950% | Annually | 6/10/24 | USD | 19,270,000 | $ | (711,364) | $ | — | $ | (711,364) | ||||||||||||||||||||
3-Month USD LIBOR BBA | Quarterly | Fixed 1.073% | Semi-Annually | 7/24/25 | USD | 3,875,000 | (224,643) | — | (224,643) | |||||||||||||||||||||||
3-Month USD LIBOR BBA | Quarterly | Fixed 1.034% | Semi-Annually | 7/24/25 | USD | 5,725,000 | (335,997) | — | (335,997) | |||||||||||||||||||||||
3-Month USD LIBOR BBA | Quarterly | Fixed 1.026% | Semi-Annually | 7/24/25 | USD | 7,750,000 | (455,983) | — | (455,983) | |||||||||||||||||||||||
3-Month USD LIBOR BBA | Quarterly | Fixed 1.390% | Semi-Annually | 9/28/25 | USD | 15,085,000 | (756,750) | — | (756,750) | |||||||||||||||||||||||
Fixed 1.808% | Semi-Annually | 3-Month USD LIBOR BBA | Quarterly | 7/24/53 | USD | 325,000 | 85,752 | — | 85,752 | |||||||||||||||||||||||
Fixed 1.785% | Semi-Annually | 3-Month USD LIBOR BBA | Quarterly | 7/24/53 | USD | 475,000 | 127,308 | — | 127,308 | |||||||||||||||||||||||
Fixed 1.773% | Semi-Annually | 3-Month USD LIBOR BBA | Quarterly | 7/24/53 | USD | 650,000 | 175,716 | — | 175,716 | |||||||||||||||||||||||
Fixed 1.870% | Semi-Annually | 3-Month USD LIBOR BBA | Quarterly | 9/28/53 | USD | 1,285,000 | 317,940 | — | 317,940 | |||||||||||||||||||||||
$ | (1,778,021) | $ | — | $ | (1,778,021) |
Currency Legend
EUR | Euro |
USD | U.S. Dollar |
Notes to Portfolio of Investments (Unaudited) |
1. The Funds
MML Series Investment Fund (the ‘‘Trust’’) is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust is organized under the laws of the Commonwealth of Massachusetts as a Massachusetts business trust pursuant to an Agreement and Declaration of Trust dated December 19, 1984, as restated May 14, 1993, and further amended and restated as of December 15, 2011, as it may be further amended from time to time. The Trust consists of the following series (each individually referred to as a ‘‘Fund’’ or collectively as the ‘‘Funds’’):
MML Conservative Allocation Fund (“Conservative Allocation Fund”)
MML Balanced Allocation Fund (“Balanced Allocation Fund”)
MML Moderate Allocation Fund (“Moderate Allocation Fund”)
MML Growth Allocation Fund (“Growth Allocation Fund”)
MML Aggressive Allocation Fund (“Aggressive Allocation Fund”)
MML American Funds Growth Fund (“MML American Funds Growth Fund”)
MML American Funds International Fund (“MML American Funds International Fund”)
MML American Funds Core Allocation Fund (“MML American Funds Core Allocation Fund”)
MML Blue Chip Growth Fund (“Blue Chip Growth Fund”)
MML Equity Income Fund (“Equity Income Fund”)
MML Equity Index Fund (“Equity Index Fund”)
MML Focused Equity Fund (“Focused Equity Fund”)
MML Foreign Fund (“Foreign Fund”)
MML Fundamental Equity Fund (“Fundamental Equity Fund”)
MML Fundamental Value Fund (“Fundamental Value Fund”)
MML Global Fund (“Global Fund”)
MML Income & Growth Fund (“Income & Growth Fund”)
MML International Equity Fund (“International Equity Fund”)
MML Large Cap Growth Fund (“Large Cap Growth Fund”)
MML Managed Volatility Fund (“Managed Volatility Fund”)
MML Mid Cap Growth Fund (“Mid Cap Growth Fund”)
MML Mid Cap Value Fund (“Mid Cap Value Fund”)
MML Small Cap Growth Equity Fund (“Small Cap Growth Equity Fund”)
MML Small Company Value Fund (“Small Company Value Fund”)
MML Small/Mid Cap Value Fund (“Small/Mid Cap Value Fund”)
MML Sustainable Equity Fund (formerly known as MML Growth & Income Fund) (“Sustainable Equity Fund”)
MML Total Return Bond Fund (“Total Return Bond Fund”)
The Trust makes shares of the Funds available for the investment of assets of various separate investment accounts established by Massachusetts Mutual Life Insurance Company (“MassMutual”) and by life insurance companies which are subsidiaries of MassMutual. Shares of the Trust are not offered to the general public. MassMutual, MML Bay State Life Insurance Company, C.M. Life Insurance Company, and the Allocation Funds (as defined below), which are “funds of funds” series of the Trust, are the record owners of all of the outstanding shares of the Funds.
The Conservative Allocation Fund, Balanced Allocation Fund, Moderate Allocation Fund, Growth Allocation Fund, and Aggressive Allocation Fund (the “Allocation Funds”) invest their investable assets in shares of series of the Trust and MML Series Investment Fund II advised by MML Investment Advisers, LLC (“MML Advisers”) and non-affiliated mutual funds (together, the “MML Underlying Funds”).
MML American Funds Growth Fund and MML American Funds International Fund (each a “Feeder Fund,” collectively the “Feeder Funds”) invest all of their assets in Class 1 shares of the Growth and International Funds, respectively, each a series of the American Funds Insurance Series (each a “Master Fund,” collectively the “Master Funds”). Each Master Fund is an open-end investment company and organized as a Massachusetts business trust. Each Feeder Fund has an investment objective that is consistent with its corresponding Master Fund. Each Master Fund intends to comply with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), applicable to mutual funds and intends to distribute substantially all of its taxable income and capital gains to shareholders, which includes the applicable Feeder Fund, to qualify as a regulated investment company. The performance of the Feeder Funds is directly affected by the performance of the Master Funds. The MML American Funds Core Allocation Fund invests all of its investable assets in shares of various series of American Funds Insurance Series, which are managed by Capital Research and Management Company (together, the “American Underlying Funds” and collectively with the MML Underlying Funds, the “Underlying Funds”).
Notes to Portfolio of Investments (Unaudited) (Continued) |
2. Significant Accounting Policies
Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies.
Investment Valuation
The net asset value of each Fund’s shares is determined once daily as of the close of regular trading on the New York Stock Exchange (“NYSE”), on each day the NYSE is open for trading (a “business day”). The NYSE normally closes at 4:00 p.m. Eastern Time, but may close earlier on some days. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. A Fund will not treat an intraday disruption in NYSE trading or other event that causes an unscheduled closing of the NYSE as a close of business of the NYSE for these purposes; instead, MML Advisers will determine the fair value of a Fund’s securities in accordance with MML Advisers’ fair valuation policy and procedures. On holidays and other days when the NYSE is closed, each Fund’s net asset value generally is not calculated and the Funds do not anticipate accepting buy or sell orders. However, the value of each Fund’s assets may still be affected on such days to the extent that a Fund or an Underlying Fund or Master Fund holds foreign securities that trade on days that foreign securities markets are open.
The net asset value of each of the Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund is based upon the net asset value(s) of its corresponding Master Fund or Underlying Funds, as applicable. Shares of the Master Fund and Underlying Funds are valued at their closing net asset values as reported on each business day.
The Prospectuses and Statements of Additional Information (“SAIs”) for the Underlying Funds and Master Funds, as applicable, explain the valuation methods for the Underlying Funds and Master Funds, including the circumstances under which the Underlying Funds or Master Funds, may use fair value pricing and the effects of doing so. Such Prospectuses and SAIs are available on the Securities and Exchange Commission’s (“SEC”) EDGAR database on its website at http://www.sec.gov.
Equity securities and derivative contracts that are actively traded on a national securities exchange or contract market are valued on the basis of information furnished by a pricing service, which provides the last reported sale price, or, in the case of futures contracts, the settlement price, for securities or derivatives listed on the exchange or contract market or the official closing price on the NASDAQ National Market System (“NASDAQ System”), or in the case of over-the-counter (“OTC”) securities for which an official closing price is unavailable or not reported on the NASDAQ System, the last reported bid price. Portfolio securities traded on more than one national securities exchange are valued at the last price at the close of the exchange representing the principal market for such securities. Debt securities are valued on the basis of valuations furnished by a pricing service, which generally determines valuations taking into account factors such as institutional-size trading in similar securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data. Shares of other open-end mutual funds are valued at their closing net asset values as reported on each business day.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Investments for which market quotations are readily available are marked to market daily based on those quotations. Market quotations may be provided by third-party vendors or market makers, and may be determined on the basis of a variety of factors, such as broker quotations, financial modeling, and other market data, such as market indexes and yield curves, counterparty information, and foreign exchange rates. U.S. Government and agency securities may be valued on the basis of market quotations or using a model that may incorporate market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. The fair values of OTC derivative contracts, including forward, swap, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices, may be based on market quotations or may be modeled using a series of techniques, including simulation models, depending on the contract and the terms of the transaction. The fair values of asset-backed securities and mortgage-backed securities are estimated based on models that consider the estimated cash flows of each debt tranche of the issuer, established benchmark yield, and estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche, including, but not limited to, prepayment speed assumptions and attributes of the collateral.
The Board of Trustees (“Trustees”) have designated MML Advisers as the Funds’ “valuation designee,” responsible for determining the fair value, in good faith, of securities and other instruments held by the Funds for which market quotations are not readily available or for which such market quotations or values are considered by MML Advisers or a subadviser to be unreliable (including, for example, certain foreign securities, thinly-traded securities, certain restricted securities, certain initial public offerings, or securities whose values may have been affected by a significant event). It is possible that a significant amount of a Fund’s assets will be subject to fair valuation in accordance with MML Advisers’ fair valuation policy and procedures. The fair value determined for an investment by MML Advisers may differ from recent market prices for the investment and may be significantly different from the value realized upon the sale of such investment.
The Funds and certain Underlying Funds or Master Funds may invest in securities that are traded principally in foreign markets and that trade on weekends and other days when the Funds do not price their shares. As a result, the values of the Funds’ portfolio securities may change on days when the prices of the Funds’ shares are not calculated. The prices of the Funds’ shares will reflect any such changes when the prices of the Funds’ shares are next calculated, which is the next business day. The Funds may use fair value pricing more frequently for securities primarily traded in foreign markets because, among other things, most foreign markets close well before the Funds value their securities. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim. The Funds’ investments may be priced based on fair values provided by a third-party vendor, based on certain factors and methodologies applied by such vendor, in the event that there is movement in the U.S. market, between the close of the foreign market and the time the Funds calculate their net asset values. All assets and liabilities expressed in foreign currencies are converted into U.S. dollars at the mean between the buying and selling rates of such currencies against the U.S. dollar at the end of each business day.
Investments in equity or debt issued by privately held companies or funds (“Private Company” or collectively, the “Private Companies”) and any other investments fair valued using significant unobservable inputs may be fair valued using one or a combination of, but not limited to, the following inputs:
Market approach: (i) recent market transactions, including subsequent rounds of financing, in the underlying investment or comparable issuers; (ii) recapitalizations and other transactions across the capital structure; and (iii) market multiples of comparable issuers.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Income approach: (i) future cash flows discounted to present value and adjusted as appropriate for liquidity, credit, and/or market risks; (ii) quoted prices for similar investments or assets in active markets; and (iii) other risk factors, such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, recovery rates, liquidation amounts, and/or default rates.
Cost approach: (i) audited or unaudited financial statements, investor communications, and financial or operational metrics issued by the Private Company; (ii) changes in the valuation of relevant indexes or publicly traded companies comparable to the Private Company; (iii) relevant news and other public sources; and (iv) known secondary market transactions in the Private Company’s interests and merger or acquisition activity in companies comparable to the Private Company.
Investments in series of preferred stock issued by Private Companies are typically valued utilizing the Market approach in determining the enterprise value of the company. Such investments often contain rights and preferences that differ from other series of preferred and common stock of the same issuer. Valuation techniques such as the current value method (“CVM”), an option pricing model (“OPM”), a probability weighted expected return model (“PWERM”), or a hybrid of those techniques are used in allocating enterprise value of the company, as deemed appropriate under the circumstances. The CVM allocates value among the various parts of a company’s capital structure assuming that the value of convertible preferred stock is represented by the most favorable claim the preferred stockholders have on the enterprise value as of the valuation date. The use of OPM and PWERM techniques involve a determination of the exit scenarios of the investment in order to appropriately allocate the enterprise value of the company among the various parts of its capital structure.
The Private Companies are not subject to the public company disclosure, timing, and reporting standards as other investments held by a Fund. Typically, the most recently available information for a Private Company is as of a date that is earlier than the date a Fund is calculating its net asset value. This factor may result in a difference between the value of the investment and the price a Fund could receive upon the sale of the investment.
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier hierarchy is utilized to maximize the use of observable market data inputs and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Level 1 – quoted prices (unadjusted) in active markets for identical investments that the Funds can access at the measurement date
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs, to the extent observable inputs are not available (including the Funds’ own assumptions in determining the fair value of investments)
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
Changes in valuation techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. In addition, in periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Levels.
In certain cases, the inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest Level input that is significant to the overall fair value measurement.
The Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund characterized all investments at Level 1, as of September 30, 2022. The Focused Equity Fund, Fundamental Value Fund, Income & Growth Fund, Large Cap Growth Fund, Small Cap Growth Equity Fund, and Small/Mid Cap Value Fund characterized all long-term investments at Level 1, and all short-term investments at Level 2, as of September 30, 2022. For each Fund noted in the preceding sentences, the level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.
The following is the aggregate value by input level, as of September 30, 2022, for the remaining Funds’ investments:
Blue Chip Growth Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 372,128,283 | $ | 1,742,394 | * | $ | 853,463 | $ | 374,724,140 | |||||||
Preferred Stock | — | — | 750,440 | 750,440 | ||||||||||||
Corporate Debt | — | 694,200 | — | 694,200 | ||||||||||||
Mutual Funds | 746,025 | — | — | 746,025 | ||||||||||||
Short-Term Investments | 101 | 653,944 | — | 654,045 | ||||||||||||
Total Investments | $ | 372,874,409 | $ | 3,090,538 | $ | 1,603,903 | $ | 377,568,850 |
Equity Income Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 332,025,270 | $ | 9,810,240 | * | $ | — | $ | 341,835,510 | |||||||
Preferred Stock | 4,643,684 | — | — | 4,643,684 | ||||||||||||
Mutual Funds | 7,494,141 | — | — | 7,494,141 | ||||||||||||
Short-Term Investments | 1,083 | 3,710,635 | — | 3,711,718 | ||||||||||||
Total Investments | $ | 344,164,178 | $ | 13,520,875 | $ | — | $ | 357,685,053 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Equity Index Fund
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 526,513,584 | $ | 240,840 | $ | — | $ | 526,754,424 | ||||||||
Short-Term Investments | — | 856,435 | — | 856,435 | ||||||||||||
Total Investments | $ | 526,513,584 | $ | 1,097,275 | $ | — | $ | 527,610,859 | ||||||||
Liability Derivatives | ||||||||||||||||
Futures Contracts | $ | (326,570 | ) | $ | — | $ | — | $ | (326,570 | ) |
Foreign Fund
Asset Investments | ||||||||||||||||
Common Stock* | ||||||||||||||||
Australia | $ | 535,428 | $ | 5,757,957 | $ | — | $ | 6,293,385 | ||||||||
Austria | — | 277,578 | — | 277,578 | ||||||||||||
Belgium | — | 4,867,096 | — | 4,867,096 | ||||||||||||
Canada | 1,104,081 | — | — | 1,104,081 | ||||||||||||
Cayman Islands | — | 4,411,891 | — | 4,411,891 | ||||||||||||
Finland | — | 1,046,612 | — | 1,046,612 | ||||||||||||
France | — | 16,352,367 | — | 16,352,367 | ||||||||||||
Germany | — | 16,335,512 | — | 16,335,512 | ||||||||||||
Ireland | 1,806,253 | 4,853,414 | — | 6,659,667 | ||||||||||||
Israel | 1,601,886 | — | — | 1,601,886 | ||||||||||||
Italy | — | 461,162 | — | 461,162 | ||||||||||||
Japan | — | 31,675,020 | — | 31,675,020 | ||||||||||||
Luxembourg | — | 1,203,888 | — | 1,203,888 | ||||||||||||
Netherlands | 3,110,961 | 6,307,418 | — | 9,418,379 | ||||||||||||
Norway | — | 1,186,299 | — | 1,186,299 | ||||||||||||
Republic of Korea | — | 2,329,527 | — | 2,329,527 | ||||||||||||
Singapore | — | 2,429,909 | — | 2,429,909 | ||||||||||||
Sweden | — | 3,540,374 | — | 3,540,374 | ||||||||||||
Switzerland | — | 15,513,066 | — | 15,513,066 | ||||||||||||
United Kingdom | 585,750 | 25,712,488 | — | 26,298,238 | ||||||||||||
Mutual Funds | 542,891 | — | — | 542,891 | ||||||||||||
Total Investments | $ | 9,287,250 | $ | 144,261,578 | $ | — | $ | 153,548,828 |
Fundamental Equity Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 162,657,199 | $ | 1,135,147 | * | $ | — | $ | 163,792,346 | |||||||
Short-Term Investments | — | 3,311,502 | — | 3,311,502 | ||||||||||||
Total Investments | $ | 162,657,199 | $ | 4,446,649 | $ | — | $ | 167,103,848 |
Global Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock* | ||||||||||||||||
Austria | $ | — | $ | 322,749 | $ | — | $ | 322,749 | ||||||||
Canada | 4,970,662 | — | — | 4,970,662 | ||||||||||||
Denmark | — | 658,072 | — | 658,072 | ||||||||||||
France | — | 13,310,420 | — | 13,310,420 | ||||||||||||
Germany | — | 4,897,124 | — | 4,897,124 | ||||||||||||
Ireland | 10,886,432 | 2,673,412 | — | 13,559,844 | ||||||||||||
Israel | 1,238,157 | — | — | 1,238,157 | ||||||||||||
Japan | — | 2,336,357 | — | 2,336,357 | ||||||||||||
Mexico | 354,761 | — | — | 354,761 | ||||||||||||
Netherlands | — | 3,079,849 | — | 3,079,849 | ||||||||||||
Republic of Korea | — | 961,904 | — | 961,904 | ||||||||||||
Spain | — | 863,791 | — | 863,791 | ||||||||||||
Sweden | — | 1,641,808 | — | 1,641,808 | ||||||||||||
Switzerland | — | 11,091,629 | — | 11,091,629 | ||||||||||||
United Kingdom | 438,993 | 8,608,364 | — | 9,047,357 | ||||||||||||
United States | 54,333,291 | — | — | 54,333,291 | ||||||||||||
Mutual Funds | 1,865,477 | — | — | 1,865,477 | ||||||||||||
Warrants | 47,039 | — | — | 47,039 | ||||||||||||
Short-Term Investments | — | 967,743 | — | 967,743 | ||||||||||||
Total Investments | $ | 74,134,812 | $ | 51,413,222 | $ | — | $ | 125,548,034 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
International Equity Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock* | ||||||||||||||||
Australia | $ | — | $ | 733,894 | $ | — | $ | 733,894 | ||||||||
Belgium | — | 1,719,242 | — | 1,719,242 | ||||||||||||
Canada | 6,790,107 | — | — | 6,790,107 | ||||||||||||
Cayman Islands | 592,602 | 3,217,289 | — | 3,809,891 | ||||||||||||
Denmark | — | 4,699,320 | — | 4,699,320 | ||||||||||||
Finland | — | 448,061 | — | 448,061 | ||||||||||||
France | — | 32,172,254 | — | 32,172,254 | ||||||||||||
Germany | — | 27,445,668 | — | 27,445,668 | ||||||||||||
Hong Kong | — | 2,754,788 | — | 2,754,788 | ||||||||||||
India | 682,930 | 379,441 | — | 1,062,371 | ||||||||||||
Ireland | 2,196,300 | 1,741,711 | — | 3,938,011 | ||||||||||||
Israel | 1,808,451 | — | — | 1,808,451 | ||||||||||||
Italy | — | 4,511,457 | — | 4,511,457 | ||||||||||||
Japan | — | 19,812,679 | — | 19,812,679 | ||||||||||||
Mexico | 386,284 | — | — | 386,284 | ||||||||||||
Netherlands | — | 8,263,771 | — | 8,263,771 | ||||||||||||
Portugal | — | 872,188 | — | 872,188 | ||||||||||||
Republic of Korea | — | 693,037 | — | 693,037 | ||||||||||||
Singapore | — | 1,884,277 | — | 1,884,277 | ||||||||||||
Spain | — | 1,725,143 | — | 1,725,143 | ||||||||||||
Sweden | — | 2,480,611 | — | 2,480,611 | ||||||||||||
Switzerland | — | 25,044,497 | — | 25,044,497 | ||||||||||||
Taiwan | 1,664,020 | — | — | 1,664,020 | ||||||||||||
United Kingdom | 678,165 | 22,971,946 | — | 23,650,111 | ||||||||||||
United States | 1,133,506 | — | — | 1,133,506 | ||||||||||||
Preferred Stock* | ||||||||||||||||
Republic of Korea | — | 780,924 | — | 780,924 | ||||||||||||
Mutual Funds | 1,946,139 | — | — | 1,946,139 | ||||||||||||
Short-Term Investments | — | 2,108,048 | — | 2,108,048 | ||||||||||||
Total Investments | $ | 17,878,504 | $ | 166,460,246 | $ | — | $ | 184,338,750 |
Managed Volatility Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 95,980,571 | $ | 39,794 | $ | — | $ | 96,020,365 | ||||||||
Corporate Debt | — | — | — | + | — | |||||||||||
Purchased Options | 1,918,756 | — | — | 1,918,756 | ||||||||||||
Short-Term Investments | — | 5,457,606 | — | 5,457,606 | ||||||||||||
Total Investments | $ | 97,899,327 | $ | 5,497,400 | $ | — | $ | 103,396,727 | ||||||||
Liability Derivatives | ||||||||||||||||
Written Options | (976,160 | ) | — | — | (976,160 | ) |
Mid Cap Growth Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 285,174,596 | $ | — | $ | 2,441,215 | $ | 287,615,811 | ||||||||
Preferred Stock | — | — | 1,532,443 | 1,532,443 | ||||||||||||
Mutual Funds | 302,555 | — | — | 302,555 | ||||||||||||
Short-Term Investments | 102 | 10,547,084 | — | 10,547,186 | ||||||||||||
Total Investments | $ | 285,477,253 | $ | 10,547,084 | $ | 3,973,658 | $ | 299,997,995 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Mid Cap Value Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 238,451,921 | $ | 18,950,916 | * | $ | — | $ | 257,402,837 | |||||||
Preferred Stock | — | 2,452,040 | * | — | 2,452,040 | |||||||||||
Mutual Funds | 4,927,653 | — | — | 4,927,653 | ||||||||||||
Short-Term Investments | — | 6,298,287 | — | 6,298,287 | ||||||||||||
Total Investments | $ | 243,379,574 | $ | 27,701,243 | $ | — | $ | 271,080,817 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 72,185 | $ | — | $ | 72,185 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (75,885 | ) | $ | — | $ | (75,885 | ) |
Small Company Value Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 70,079,998 | $ | 533,923 | * | $ | — | $ | 70,613,921 | |||||||
Mutual Funds | 972,147 | — | — | 972,147 | ||||||||||||
Short-Term Investments | — | 190,870 | — | 190,870 | ||||||||||||
Total Investments | $ | 71,052,145 | $ | 724,793 | $ | — | $ | 71,776,938 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 160 | $ | — | $ | 160 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (9,851) | $ | — | $ | (9,851) |
Sustainable Equity Fund | ||||||||||||||||
Asset Investments | ||||||||||||||||
Common Stock | $ | 119,937,007 | $ | 1,492,791 | * | $ | — | $ | 121,429,798 | |||||||
Mutual Funds | 1,536,588 | — | — | 1,536,588 | ||||||||||||
Short-Term Investments | — | 835,707 | — | 835,707 | ||||||||||||
Total Investments | $ | 121,473,595 | $ | 2,328,498 | $ | — | $ | 123,802,093 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 47 | $ | — | $ | 47 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (2,808 | ) | $ | — | $ | (2,808 | ) |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Total Return Bond Fund | ||||||||||||||||
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 187,460 | $ | — | $ | — | $ | 187,460 | ||||||||
Bank Loans (Less Unfunded Loan Commitments) | — | 5,802,518 | — | 5,802,518 | ||||||||||||
Corporate Debt | — | 85,691,359 | — | + | 85,691,359 | |||||||||||
Municipal Obligations | — | 3,036,621 | — | 3,036,621 | ||||||||||||
Non-U.S. Government Agency Obligations | — | 52,886,388 | — | 52,886,388 | ||||||||||||
Sovereign Debt Obligations | — | 3,599,126 | — | 3,599,126 | ||||||||||||
U.S. Government Agency Obligations and Instrumentalities | — | 109,274,931 | — | 109,274,931 | ||||||||||||
U.S. Treasury Obligations | — | 78,130,168 | — | 78,130,168 | ||||||||||||
Rights | — | — | — | + | — | |||||||||||
Mutual Funds | 5,840,515 | — | — | 5,840,515 | ||||||||||||
Short-Term Investments | — | 18,220,154 | — | 18,220,154 | ||||||||||||
Unfunded Loan Commitments** | — | (3,194 | ) | — | (3,194 | ) | ||||||||||
Total Investments | $ | 6,027,975 | $ | 356,638,071 | $ | — | $ | 362,666,046 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 35,740 | $ | — | $ | 35,740 | ||||||||
Futures Contracts | 51,727 | — | — | 51,727 | ||||||||||||
Swap Agreements | — | 706,716 | — | 706,716 | ||||||||||||
Total | $ | 51,727 | $ | 742,456 | $ | — | $ | 794,183 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (1,031 | ) | $ | — | $ | (1,031 | ) | ||||||
Futures Contracts | (847,662 | ) | — | — | (847,662 | ) | ||||||||||
Swap Agreements | — | (2,484,737 | ) | — | (2,484,737 | ) | ||||||||||
Total | $ | (847,662 | ) | $ | (2,485,768 | ) | $ | — | $ | (3,333,430 | ) |
* | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments after the close of trading in their respective foreign markets, as applicable. |
** | Unfunded loan commitments are valued at the unrealized appreciation (depreciation) on the commitment. |
+ | Represents a security at $0 value as of September 30, 2022. |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Derivative Instruments
Derivatives are financial instruments whose values are based on the values of one or more underlying indicators, such as a security, asset, currency, interest rate, or index. Derivative transactions can create investment leverage and may be highly volatile. Losses from derivatives can be substantially greater than the derivatives’ original cost and can sometimes be unlimited. A Fund may not be able to close out a derivative transaction at a favorable time or price.
Please refer to the Funds’ most recent Annual/Semiannual reports and Prospectus(es) and Statement(s) of Additional Information which can be found on the SEC’s EDGAR database on its website at http://www.sec.gov for more information regarding the derivatives and other investments held by the Fund(s).
Securities Lending
Each Fund, other than the Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund, may lend its securities; however, lending cannot exceed 33% of the total assets of the Fund taken at current value. The Funds’ securities lending activities are governed by a Securities Lending Agency Agreement (“Lending Agreement”) between each Fund and the lending agent (“Agent”). The Lending Agreement authorizes the Agent to lend portfolio securities held by a Fund to approved borrowers (each, a “Borrower”).
Each Fund expects that in connection with any securities on loan, the loan will be secured continuously by collateral consisting of cash (U.S. currency) and/or securities (U.S. Treasury and Agency obligations) adjusted daily to have value at least equal to the current market value of the securities loaned. The market value of the loaned securities is determined at the close of business of a Fund and any additional collateral is delivered to the Fund the next business day. The Funds bear the risk of loss with respect to the investment of cash collateral. As with other extensions of credit, the Funds may bear the risk of delay in recovery of the loaned securities or even loss of rights in the collateral should the Borrower of the securities fail financially. Pursuant to the Lending Agreement, the Agent has provided indemnification to the Funds in the event of default by a Borrower with respect to a loan. The Funds receive compensation for lending their securities in the form of a securities loan fee paid by the Borrower, as well as a share of the income earned on investment of the cash collateral received for the loaned securities. At September 30, 2022, the Funds’ collateral was equal to or greater than 100% of the market value of securities on loan and all of the Funds’ cash collateral was invested in the State Street Navigator Securities Lending Government Money Market Portfolio.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Subject to the terms of the Lending Agreement and the agreement between the Agent and the applicable Borrower (“Borrowing Agreement”), security loans can be terminated by the Agent, the Fund, or the Borrower and the related securities must be returned within the earlier of the customary settlement period for such securities or the period of time specified in the Borrowing Agreement.
Accounting for Investment Transactions
Investment transactions are accounted for on the trade date. Realized gains and losses on sales of investments and unrealized appreciation and depreciation of investments are computed by the specific identification cost method. Proceeds received from litigation, if any, are included in realized gains on investment transactions for any investments that are no longer held in the portfolio and as a reduction in cost for investments that continue to be held in the portfolio. Interest income, adjusted for amortization of discounts and premiums on debt securities, is earned from the settlement date and is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Withholding taxes on foreign interest, dividends, and capital gains have been provided for in accordance with the applicable country’s tax rules and rates. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain.
Foreign Currency Translation
The books and records of the Funds are maintained in U.S. dollars. The market values of foreign currencies, foreign securities, and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the mean of the buying and selling rates of such currencies against the U.S. dollar at the end of each business day. Purchases and sales of foreign securities and income and expense items are translated at the rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of the results of operations arising from changes in the exchange rates from that portion arising from changes in the market prices of securities. Net realized foreign currency gains and losses resulting from changes in exchange rates include foreign currency gains and losses between trade date and settlement date on investment securities transactions, foreign currency transactions, and the difference between the amounts of dividends or interest recorded on the books of the Funds and the amount actually received.
Foreign Securities
The Global Fund invests a significant amount of its assets in foreign securities and each of the Foreign Fund and the International Equity Fund invests substantially all of its assets in foreign securities. The other Funds, except for the Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund, may also invest in foreign securities. In addition, certain Underlying Funds or Master Funds may invest in foreign securities. Foreign securities, including American Depositary Receipts, are subject to additional risks compared to securities of U.S. issuers, including international trade, currency, political, regulatory, public health, and diplomatic risks. In addition, fluctuations in currency exchange rates may favorably or unfavorably affect the values of foreign securities and the price of a Fund’s shares. Emerging markets securities are subject to greater risks than securities issued in developed foreign markets, including less liquidity, less stringent investor protection and disclosure standards, less reliable settlement practices, greater price volatility, higher relative rates of inflation, greater political, economic, and social instability, greater custody and operational risks, greater risk of new or inconsistent government treatment of or restrictions on issuers and instruments, and greater volatility in currency exchange rates, and are more susceptible to environmental problems.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Federal Income Tax
It is each Fund’s intent to continue to comply with the provisions of Subchapter M of the Internal Revenue Code of 1986, as amended, applicable to a regulated investment company. Under such provisions, the Funds would not be subject to federal income taxes on their ordinary income and net realized capital gains to the extent they are distributed or deemed to have been distributed to their shareholders. Therefore, the Funds have not made any provision for federal income tax.
Dividends and Distributions to Shareholders
Dividends from net investment income and distributions of any net realized capital gains of each Fund are declared and paid annually and at other times as may be required to satisfy tax or regulatory requirements.
Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from generally accepted accounting principles. As a result, net investment income and net realized capital gains on investment transactions for a reporting period may differ significantly from distributions during such period.
3. Federal Income Tax Information
At September 30, 2022, the aggregate cost of investments and the unrealized appreciation (depreciation) in the value of all investments owned by the Fund(s), as computed on a federal income tax basis, were as follows:
Notes to Portfolio of Investments (Unaudited) (Continued) |
Federal Income Tax Cost | Tax Basis Unrealized Appreciation | Tax Basis Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | ||||||||||||
Conservative Allocation Fund | $ | 379,057,116 | $ | 65,298 | $ | (82,613,127) | $ | (82,547,829) | |||||||
Balanced Allocation Fund | 429,239,210 | 170,591 | (89,690,888) | (89,520,297) | |||||||||||
Moderate Allocation Fund | 1,575,456,041 | – | (352,261,378) | (352,261,378) | |||||||||||
Growth Allocation Fund | 1,132,055,279 | – | (266,976,852) | (266,976,852) | |||||||||||
Aggressive Allocation Fund | 157,836,112 | – | (40,125,651) | (40,125,651) | |||||||||||
MML American Funds Growth Fund | 218,974,863 | – | (23,563,586) | (23,563,586) | |||||||||||
MML American Funds International Fund | 52,188,237 | – | (14,000,131) | (14,000,131) | |||||||||||
MML American Funds Core Allocation Fund | 781,353,888 | – | (103,491,626) | (103,491,626) | |||||||||||
Blue Chip Growth Fund | 348,024,149 | 96,850,304 | (67,305,603) | 29,544,701 | |||||||||||
Equity Income Fund | 323,280,936 | 55,827,032 | (21,422,915) | 34,404,117 | |||||||||||
Equity Index Fund | 338,285,784 | 214,583,950 | (25,258,875) | 189,325,075 | |||||||||||
Focused Equity Fund | 289,393,790 | 25,030,424 | (25,260,885) | (230,461) | |||||||||||
Foreign Fund | 192,112,537 | 6,256,603 | (44,820,312) | (38,563,709) | |||||||||||
Fundamental Equity Fund | 176,729,515 | 10,261,503 | (19,887,170) | (9,625,667) | |||||||||||
Fundamental Value Fund | 145,550,402 | 23,763,045 | (12,775,462) | 10,987,583 | |||||||||||
Global Fund | 126,878,830 | 12,455,380 | (13,786,176) | (1,330,796) | |||||||||||
Income & Growth Fund | 189,501,566 | 29,035,018 | (18,545,324) | 10,489,694 | |||||||||||
International Equity Fund | 245,930,422 | 2,424,506 | (64,016,178) | (61,591,672) | |||||||||||
Large Cap Growth Fund | 158,248,236 | 15,745,270 | (27,911,374) | (12,166,104) | |||||||||||
Managed Volatility Fund | 75,242,850 | 32,028,156 | (3,874,279) | 28,153,877 | |||||||||||
Mid Cap Growth Fund | 294,186,779 | 48,352,268 | (42,541,052) | 5,811,216 | |||||||||||
Mid Cap Value Fund | 303,151,065 | 5,516,369 | (37,586,617) | (32,070,248) | |||||||||||
Small Cap Growth Equity Fund | 148,120,305 | 12,909,230 | (21,937,755) | (9,028,525) | |||||||||||
Small Company Value Fund | 90,878,568 | 1,116,839 | (20,218,469) | (19,101,630) | |||||||||||
Small/Mid Cap Value Fund | 139,121,732 | 11,057,242 | (22,464,396) | (11,407,154) | |||||||||||
Sustainable Equity Fund | 119,574,755 | 18,668,210 | (14,440,872) | 4,227,338 | |||||||||||
Total Return Bond Fund | 397,354,837 | 853,916 | (35,542,707) | (34,688,791) | |||||||||||
4. New Accounting Pronouncements
In January 2021, FASB issued Accounting Standards Update 2021-01 — Reference Rate Reform (Topic 848) — Scope (“ASU 2021-01”) as an update to Accounting Standards Update 2020-04 — Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”) in order to make certain clarifications. ASU 2020-04 and ASU 2021-01 provide optional temporary financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the London Interbank Offered Rate (“LIBOR”) and other interbank-offered based reference rates. The temporary relief provided by ASU 2020-04 and ASU 2021-01 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management does not believe the impact of adopting ASU 2020-04 and ASU 2021-01 will have a material impact on the financial statements.
Notes to Portfolio of Investments (Unaudited) (Continued) |
In June 2022, FASB issued Accounting Standards Update 2022-03 — Fair Value Measurement (Topic 820) — Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (“ASU 2022-03”). ASU 2022-03 clarifies the guidance in Topic 820 to indicate that a contractual sale restriction should not be considered in the fair value of an equity security subject to such a restriction, and requires entities with investments in equity securities subject to contractual sale restrictions to disclose certain qualitative and quantitative information about such securities. ASU 2022-03 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2023, and allows for early adoption. ASU 2022-03 will only be applicable to an equity security in which the contractual arrangement that restricts its sale is executed or modified on or after the adoption date. Management is currently evaluating the impact of applying this update.
5. Coronavirus (COVID-19) Pandemic
The global pandemic outbreak of the novel coronavirus known as COVID-19 and efforts to contain its spread have produced, and will likely continue to produce, substantial market volatility, severe market dislocations and liquidity constraints in many markets, exchange trading suspensions and closures, higher default rates, and global business disruption, and they may result in future significant adverse effects, such as declines in global financial markets and a substantial economic downturn or recession throughout the world. Such factors may have a significant adverse effect on a Fund’s performance and have the potential to impair the ability of a Fund’s investment adviser, subadviser, or other service providers to serve the Fund and could lead to disruptions that negatively impact the Fund.
6. Russia-Ukraine War
In February 2022, Russia commenced a large-scale military attack on Ukraine. The outbreak of hostilities between the two countries could result in more widespread conflict and could have a severe adverse effect on the regional and the global financial markets and economies. One or more of the Underlying Funds hold positions in securities or other instruments that are economically tied to Russia. Investments in Russia are subject to political, economic, legal, market, and currency risks, as well as the risks related to the economic sanctions on Russia, Russian individuals, and Russian corporate and banking entities imposed by the United States and/or other countries. Such sanctions — which affect companies in many sectors, including energy, financial services, and defense, among others — could adversely affect the global energy and financial markets and, thus, could affect the value of a Fund’s investments, even beyond any direct exposure the Fund may have to Russian issuers or the adjoining geographic regions. Such sanctions may also result in a decline in the value and liquidity of Russian securities and a weakening of the ruble, and will impair a Fund’s ability to buy, sell, receive, or deliver Russian securities. In addition, certain transactions have been or may be prohibited and/or existing investments have or may become illiquid (e.g., because transacting in certain existing investments is prohibited), which could cause a Fund to sell other portfolio holdings at a disadvantageous time or price in order to meet shareholder redemptions.
7. Subsequent Events
In preparation of these financial statements, management has evaluated the events and transactions subsequent to September 30, 2022, through the date when the Portfolios of Investments were issued, and determined that there are no subsequent events or transactions that would require adjustments to or disclosures in the Funds' Portfolios of Investments other than those disclosed below.
Effective November 4, 2022, the MML American Funds International Fund was liquidated.