MML Conservative Allocation Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 40.6% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 602,299 | $ | 10,997,987 | |||||
MML Equity Income Fund, Initial Class (a) | 986,033 | 10,609,718 | ||||||
MML Focused Equity Fund, Class II (a) | 1,769,311 | 13,305,221 | ||||||
MML Foreign Fund, Initial Class (a) | 497,736 | 4,927,588 | ||||||
MML Fundamental Equity Fund, Class II (a) | 640,602 | 7,334,896 | ||||||
MML Fundamental Value Fund, Class II (a) | 743,048 | 10,031,144 | ||||||
MML Global Fund, Class I (a) | 1,246,091 | 5,582,489 | ||||||
MML Income & Growth Fund, Initial Class (a) | 425,006 | 4,628,317 | ||||||
MML International Equity Fund, Class II (a) | 1,362,918 | 14,460,555 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 497,681 | 7,773,779 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 613,037 | 7,197,054 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 703,808 | 5,827,528 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 24,392 | 253,304 | ||||||
MML Small Company Value Fund, Class II (a) | 346,238 | 3,095,370 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 164,683 | 1,582,607 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 425,393 | 2,314,137 | ||||||
109,921,694 | ||||||||
Fixed Income Funds — 59.5% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 1,256,185 | 5,376,471 | ||||||
MML Dynamic Bond Fund, Class II (a) | 3,862,610 | 32,832,188 | ||||||
MML High Yield Fund, Class II (a) | 86,047 | 754,633 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 717,861 | 6,266,930 | ||||||
MML Managed Bond Fund, Initial Class (a) | 4,856,177 | 52,844,412 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 1,485,850 | 13,387,508 | ||||||
MML Total Return Bond Fund, Class II (a) | 5,093,771 | 45,487,378 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 524,566 | 4,033,911 | ||||||
160,983,431 | ||||||||
TOTAL MUTUAL FUNDS (Cost $287,521,306) | 270,905,125 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $287,521,306) | 270,905,125 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $287,521,306) (c) | 270,905,125 | |||||||
Other Assets/(Liabilities) — (0.1)% | (210,298) | |||||||
NET ASSETS — 100.0% | $ | 270,694,827 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Balanced Allocation Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 50.8% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 892,290 | $ | 16,293,222 | |||||
MML Equity Income Fund, Initial Class (a) | 1,280,037 | 13,773,200 | ||||||
MML Focused Equity Fund, Class II (a) | 3,495,906 | 26,289,212 | ||||||
MML Foreign Fund, Initial Class (a) | 736,937 | 7,295,678 | ||||||
MML Fundamental Equity Fund, Class II (a) | 966,964 | 11,071,736 | ||||||
MML Fundamental Value Fund, Class II (a) | 907,776 | 12,254,974 | ||||||
MML Global Fund, Class I (a) | 1,919,917 | 8,601,227 | ||||||
MML Income & Growth Fund, Initial Class (a) | 653,421 | 7,115,750 | ||||||
MML International Equity Fund, Class II (a) | 1,998,554 | 21,204,661 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 773,772 | 12,086,326 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 750,069 | 8,805,804 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 1,051,055 | 8,702,737 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 147,527 | 1,532,049 | ||||||
MML Small Company Value Fund, Class II (a) | 398,547 | 3,563,006 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 225,204 | 2,164,211 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 566,206 | 3,080,160 | ||||||
163,833,953 | ||||||||
Fixed Income Funds — 49.3% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 1,248,495 | 5,343,558 | ||||||
MML Dynamic Bond Fund, Class II (a) | 3,738,606 | 31,778,154 | ||||||
MML High Yield Fund, Class II (a) | 89,165 | 781,980 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 813,440 | 7,101,332 | ||||||
MML Managed Bond Fund, Initial Class (a) | 4,736,399 | 51,540,996 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 1,496,246 | 13,481,178 | ||||||
MML Total Return Bond Fund, Class II (a) | 5,023,125 | 44,856,507 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 539,295 | 4,147,182 | ||||||
159,030,887 | ||||||||
TOTAL MUTUAL FUNDS (Cost $334,804,576) | 322,864,840 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $334,804,576) | 322,864,840 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $334,804,576) (c) | 322,864,840 | |||||||
Other Assets/(Liabilities) — (0.1)% | (258,271) | |||||||
NET ASSETS — 100.0% | $ | 322,606,569 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Moderate Allocation Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 60.6% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 3,806,249 | $ | 69,502,105 | |||||
MML Equity Income Fund, Initial Class (a) | 5,530,181 | 59,504,751 | ||||||
MML Focused Equity Fund, Class II (a) | 13,671,349 | 102,808,543 | ||||||
MML Foreign Fund, Initial Class (a) | 3,052,576 | 30,220,506 | ||||||
MML Fundamental Equity Fund, Class II (a) | 4,015,830 | 45,981,248 | ||||||
MML Fundamental Value Fund, Class II (a) | 4,670,216 | 63,047,919 | ||||||
MML Global Fund, Class I (a) | 7,646,495 | 34,256,298 | ||||||
MML Income & Growth Fund, Initial Class (a) | 2,537,628 | 27,634,769 | ||||||
MML International Equity Fund, Class II (a) | 8,612,512 | 91,378,755 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 3,061,069 | 47,813,891 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 3,667,939 | 43,061,608 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 3,751,696 | 31,064,042 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 936,849 | 9,729,081 | ||||||
MML Small Company Value Fund, Class II (a) | 2,020,858 | 18,066,470 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 1,117,592 | 10,740,060 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 2,430,362 | 13,221,167 | ||||||
698,031,213 | ||||||||
Fixed Income Funds — 39.5% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 3,498,984 | 14,975,650 | ||||||
MML Dynamic Bond Fund, Class II (a) | 10,879,286 | 92,473,928 | ||||||
MML High Yield Fund, Class II (a) | 279,094 | 2,447,653 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 1,919,406 | 16,756,416 | ||||||
MML Managed Bond Fund, Initial Class (a) | 13,551,350 | 147,464,366 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 4,217,468 | 37,999,388 | ||||||
MML Total Return Bond Fund, Class II (a) | 14,476,690 | 129,276,845 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 1,731,620 | 13,316,155 | ||||||
454,710,401 | ||||||||
TOTAL MUTUAL FUNDS (Cost $1,179,116,060) | 1,152,741,614 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $1,179,116,060) | 1,152,741,614 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $1,179,116,060) (c) | 1,152,741,614 | |||||||
Other Assets/(Liabilities) — (0.1)% | (882,759) | |||||||
NET ASSETS — 100.0% | $ | 1,151,858,855 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Growth Allocation Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 75.4% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 4,078,141 | $ | 74,466,855 | |||||
MML Equity Income Fund, Initial Class (a) | 5,552,464 | 59,744,517 | ||||||
MML Focused Equity Fund, Class II (a) | 14,507,257 | 109,094,571 | ||||||
MML Foreign Fund, Initial Class (a) | 3,184,088 | 31,522,469 | ||||||
MML Fundamental Equity Fund, Class II (a) | 4,350,705 | 49,815,569 | ||||||
MML Fundamental Value Fund, Class II (a) | 4,249,188 | 57,364,040 | ||||||
MML Global Fund, Class I (a) | 8,186,302 | 36,674,634 | ||||||
MML Income & Growth Fund, Initial Class (a) | 3,090,479 | 33,655,314 | ||||||
MML International Equity Fund, Class II (a) | 8,836,385 | 93,754,042 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 3,565,397 | 55,691,496 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 3,724,532 | 43,726,010 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 3,938,286 | 32,609,009 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 993,483 | 10,317,220 | ||||||
MML Small Company Value Fund, Class II (a) | 2,321,936 | 20,758,105 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 1,004,829 | 9,656,404 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 2,594,618 | 14,114,721 | ||||||
732,964,976 | ||||||||
Fixed Income Funds — 24.7% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 1,848,779 | 7,912,773 | ||||||
MML Dynamic Bond Fund, Class II (a) | 5,342,568 | 45,411,832 | ||||||
MML High Yield Fund, Class II (a) | 283,523 | 2,486,497 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 1,432,649 | 12,507,022 | ||||||
MML Managed Bond Fund, Initial Class (a) | 6,826,774 | 74,288,233 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 2,327,673 | 20,972,330 | ||||||
MML Total Return Bond Fund, Class II (a) | 7,659,668 | 68,400,831 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 1,074,886 | 8,265,872 | ||||||
240,245,390 | ||||||||
TOTAL MUTUAL FUNDS (Cost $973,866,461) | 973,210,366 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $973,866,461) | 973,210,366 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $973,866,461) (c) | 973,210,366 | |||||||
Other Assets/(Liabilities) — (0.1)% | (614,610) | |||||||
NET ASSETS — 100.0% | $ | 972,595,756 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Aggressive Allocation Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 90.2% | ||||||||
MML Blue Chip Growth Fund, Initial Class (a) | 715,781 | $ | 13,070,170 | |||||
MML Equity Income Fund, Initial Class (a) | 869,539 | 9,356,235 | ||||||
MML Focused Equity Fund, Class II (a) | 2,372,881 | 17,844,066 | ||||||
MML Foreign Fund, Initial Class (a) | 507,228 | 5,021,552 | ||||||
MML Fundamental Equity Fund, Class II (a) | 712,029 | 8,152,728 | ||||||
MML Fundamental Value Fund, Class II (a) | 677,797 | 9,150,263 | ||||||
MML Global Fund, Class I (a) | 1,203,587 | 5,392,070 | ||||||
MML Income & Growth Fund, Initial Class (a) | 433,408 | 4,719,817 | ||||||
MML International Equity Fund, Class II (a) | 1,410,192 | 14,962,138 | ||||||
MML Large Cap Growth Fund, Initial Class (a) | 641,449 | 10,019,438 | ||||||
MML Mid Cap Growth Fund, Initial Class (a) | 679,194 | 7,973,739 | ||||||
MML Mid Cap Value Fund, Initial Class (a) | 630,180 | 5,217,888 | ||||||
MML Small Cap Growth Equity Fund, Initial Class (a) | 155,743 | 1,617,372 | ||||||
MML Small Company Value Fund, Class II (a) | 349,351 | 3,123,195 | ||||||
MML Small/Mid Cap Value Fund, Initial Class (a) | 148,008 | 1,422,360 | ||||||
MML Strategic Emerging Markets Fund, Class II (a) | 422,067 | 2,296,045 | ||||||
119,339,076 | ||||||||
Fixed Income Funds — 9.9% | ||||||||
Invesco V.I. Global Strategic Income Fund, Series I (b) | 234,746 | 1,004,711 | ||||||
MML Dynamic Bond Fund, Class II (a) | 241,821 | 2,055,475 | ||||||
MML High Yield Fund, Class II (a) | 19,191 | 168,303 | ||||||
MML Inflation-Protected and Income Fund, Initial Class (a) | 18,338 | 160,090 | ||||||
MML Managed Bond Fund, Initial Class (a) | 323,296 | 3,518,069 | ||||||
MML Short-Duration Bond Fund, Class II (a) | 231,582 | 2,086,550 | ||||||
MML Total Return Bond Fund, Class II (a) | 365,980 | 3,268,200 | ||||||
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares | 108,205 | 832,096 | ||||||
13,093,494 | ||||||||
TOTAL MUTUAL FUNDS (Cost $131,684,618) | 132,432,570 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $131,684,618) | 132,432,570 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $131,684,618) (c) | 132,432,570 | |||||||
Other Assets/(Liabilities) — (0.1)% | (84,621) | |||||||
NET ASSETS — 100.0% | $ | 132,347,949 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Affiliated issuer. |
(b) | Non-income producing security. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML American Funds Growth Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 100.1% | ||||||||
American Funds Insurance Series Growth Fund, Class 1 | 2,371,950 | $ | 265,587,261 | |||||
TOTAL MUTUAL FUNDS (Cost $208,903,528) | 265,587,261 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $208,903,528) (a) | 265,587,261 | |||||||
Other Assets/(Liabilities) — (0.1)% | (264,713) | |||||||
NET ASSETS — 100.0% | $ | 265,322,548 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | See Note 3 for aggregate cost for federal tax purposes. |
MML American Funds Core Allocation Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
MUTUAL FUNDS — 100.1% | ||||||||
Equity Funds — 65.8% | ||||||||
American Funds Insurance Series® Growth-Income Fund, Class 1 | 2,813,556 | $ | 184,569,256 | |||||
American Funds Insurance Series® International Fund, Class 1 | 3,595,505 | 67,056,177 | ||||||
American Funds Insurance Series® Washington Mutual Investors Fund, Class 1 | 11,658,469 | 184,553,559 | ||||||
436,178,992 | ||||||||
Fixed Income Funds — 34.3% | ||||||||
American Funds Insurance Series® The Bond Fund Of America, Class 1 | 24,046,102 | 227,716,585 | ||||||
TOTAL MUTUAL FUNDS (Cost $611,739,927) | 663,895,577 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $611,739,927) | 663,895,577 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $611,739,927) (a) | 663,895,577 | |||||||
Other Assets/(Liabilities) — (0.1)% | (732,923) | |||||||
NET ASSETS — 100.0% | $ | 663,162,654 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | See Note 3 for aggregate cost for federal tax purposes. |
MML Blue Chip Growth Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.3% | ||||||||
COMMON STOCK — 98.1% | ||||||||
Communication Services — 15.2% | ||||||||
Alphabet, Inc. Class A (a) | 44,664 | $ | 6,741,137 | |||||
Alphabet, Inc. Class C (a) | 194,977 | 29,687,198 | ||||||
Meta Platforms, Inc. Class A | 48,104 | 23,358,340 | ||||||
Netflix, Inc. (a) | 12,869 | 7,815,730 | ||||||
Sea Ltd. ADR (a) | 19,625 | 1,054,059 | ||||||
T-Mobile US, Inc. | 26,523 | 4,329,084 | ||||||
72,985,548 | ||||||||
Consumer Discretionary — 14.2% | ||||||||
Amazon.com, Inc. (a) | 224,912 | 40,569,627 | ||||||
Booking Holdings, Inc. | 1,139 | 4,132,155 | ||||||
Carvana Co. (a) | 26,449 | 2,325,132 | ||||||
Chipotle Mexican Grill, Inc. (a) | 1,725 | 5,014,178 | ||||||
DoorDash, Inc., Class A (a) | 11,612 | 1,599,205 | ||||||
Lululemon Athletica, Inc. (a) | 3,828 | 1,495,408 | ||||||
NIKE, Inc. Class B | 9,896 | 930,026 | ||||||
Ross Stores, Inc. | 19,332 | 2,837,164 | ||||||
Tesla, Inc. (a) | 40,778 | 7,168,365 | ||||||
TJX Cos., Inc. | 20,296 | 2,058,420 | ||||||
68,129,680 | ||||||||
Consumer Staples — 1.4% | ||||||||
Colgate-Palmolive Co. | 13,353 | 1,202,438 | ||||||
Dollar General Corp. | 20,154 | 3,145,233 | ||||||
Mondelez International, Inc. Class A | 16,739 | 1,171,730 | ||||||
Procter & Gamble Co. | 6,866 | 1,114,008 | ||||||
6,633,409 | ||||||||
Energy — 0.3% | ||||||||
Schlumberger NV | 30,763 | 1,686,120 | ||||||
Financials — 9.3% | ||||||||
Adyen NV ADR (a) (b) | 77,473 | 1,310,068 | ||||||
Ant Group Balance Owed 2023 (Acquired 8/14/23, Cost $280,322) (a) (c) (d) (e) | 280,322 | 282,733 | ||||||
Charles Schwab Corp. | 23,328 | 1,687,548 | ||||||
Chubb Ltd. | 18,825 | 4,878,122 | ||||||
Fiserv, Inc. (a) | 7,212 | 1,152,622 | ||||||
Goldman Sachs Group, Inc. | 2,955 | 1,234,274 | ||||||
Marsh & McLennan Cos., Inc. | 13,540 | 2,788,969 | ||||||
Mastercard, Inc. Class A | 25,631 | 12,343,121 | ||||||
Morgan Stanley | 21,588 | 2,032,726 | ||||||
MSCI, Inc. | 798 | 447,239 | ||||||
S&P Global, Inc. | 5,096 | 2,168,093 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Visa, Inc. Class A | 52,157 | $ | 14,555,976 | |||||
44,881,491 | ||||||||
Health Care — 11.8% | ||||||||
Align Technology, Inc. (a) | 1,074 | 352,186 | ||||||
AstraZeneca PLC Sponsored ADR | 14,826 | 1,004,461 | ||||||
Danaher Corp. | 11,438 | 2,856,297 | ||||||
Elevance Health, Inc. | 3,770 | 1,954,896 | ||||||
Eli Lilly & Co. | 21,283 | 16,557,323 | ||||||
Humana, Inc. | 5,572 | 1,931,924 | ||||||
Intuitive Surgical, Inc. (a) | 18,647 | 7,441,831 | ||||||
Stryker Corp. | 7,910 | 2,830,752 | ||||||
Teleflex, Inc. | 2,401 | 543,034 | ||||||
Thermo Fisher Scientific, Inc. | 9,375 | 5,448,844 | ||||||
UnitedHealth Group, Inc. | 25,726 | 12,726,652 | ||||||
Veeva Systems, Inc. Class A (a) | 4,698 | 1,088,480 | ||||||
Zoetis, Inc. | 12,141 | 2,054,379 | ||||||
56,791,059 | ||||||||
Industrials — 1.6% | ||||||||
Cintas Corp. | 1,438 | 987,949 | ||||||
General Electric Co. | 17,218 | 3,022,276 | ||||||
Old Dominion Freight Line, Inc. | 7,988 | 1,751,848 | ||||||
TransDigm Group, Inc. | 1,114 | 1,372,002 | ||||||
Veralto Corp. | 4,194 | 371,840 | ||||||
7,505,915 | ||||||||
Information Technology — 42.7% | ||||||||
Advanced Micro Devices, Inc. (a) | 19,876 | 3,587,419 | ||||||
Apple, Inc. | 215,897 | 37,022,018 | ||||||
ASML Holding NV | 6,429 | 6,239,152 | ||||||
Atlassian Corp. Class A (a) | 6,599 | 1,287,531 | ||||||
Bill Holdings, Inc. (a) | 11,557 | 794,197 | ||||||
Canva, Inc. (Acquired 8/16/21-12/17/21, Cost $582,930) (a) (c) (d) (e) | 342 | 364,798 | ||||||
Confluent, Inc. Class A (a) | 20,706 | 631,947 | ||||||
Crowdstrike Holdings, Inc. Class A (a) | 3,582 | 1,148,353 | ||||||
Datadog, Inc. Class A (a) | 6,942 | 858,031 | ||||||
Fortinet, Inc. (a) | 5,659 | 386,566 | ||||||
Gusto, Inc. (Acquired 10/04/21, Cost $193,055) (a) (c) (d) (e) | 6,706 | 103,138 | ||||||
Intuit, Inc. | 8,024 | 5,215,600 | ||||||
Lam Research Corp. | 859 | 834,579 | ||||||
Microsoft Corp. | 158,500 | 66,684,120 | ||||||
MongoDB, Inc. (a) | 5,800 | 2,080,112 | ||||||
Monolithic Power Systems, Inc. | 4,059 | 2,749,648 | ||||||
NVIDIA Corp. | 52,793 | 47,701,643 | ||||||
Roper Technologies, Inc. | 5,815 | 3,261,285 | ||||||
ServiceNow, Inc. (a) | 14,354 | 10,943,490 | ||||||
Shopify, Inc. Class A (a) | 35,890 | 2,769,631 | ||||||
Snowflake, Inc. Class A (a) | 4,515 | 729,624 | ||||||
Synopsys, Inc. (a) | 9,947 | 5,684,710 | ||||||
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 13,735 | 1,868,647 | ||||||
TE Connectivity Ltd. | 9,988 | 1,450,657 | ||||||
Texas Instruments, Inc. | 4,312 | 751,193 | ||||||
205,148,089 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Materials — 0.9% | ||||||||
Linde PLC | 4,739 | $ | 2,200,413 | |||||
Sherwin-Williams Co. | 6,343 | 2,203,114 | ||||||
4,403,527 | ||||||||
Utilities — 0.7% | ||||||||
Constellation Energy Corp. | 18,790 | 3,473,332 | ||||||
TOTAL COMMON STOCK (Cost $280,255,980) | 471,638,170 | |||||||
PREFERRED STOCK — 0.2% | ||||||||
Information Technology — 0.2% | ||||||||
Canva, Inc., Series A (Acquired 11/04/21-12/17/21, Cost $37,502) (a) (c) (d) (e) | 22 | 23,467 | ||||||
Canva, Inc., Series A-3 (Acquired 12/17/21, Cost $3,408) (a) (c) (d) (e) | 2 | 2,133 | ||||||
Databricks, Inc., Series G (Acquired 2/01/21, Cost $172,224) (a) (c) (d) (e) | 2,913 | 214,106 | ||||||
Databricks, Inc., Series H (Acquired 8/31/21, Cost $542,974) (a) (c) (d) (e) | 7,389 | 543,092 | ||||||
Gusto, Inc., Series E (Acquired 7/13/21, Cost $254,865) (a) (c) (d) (e) | 8,385 | 128,961 | ||||||
911,759 | ||||||||
TOTAL PREFERRED STOCK (Cost $1,010,973) | 911,759 | |||||||
TOTAL EQUITIES (Cost $281,266,953) | 472,549,929 | |||||||
Principal Amount | ||||||||
BONDS & NOTES — 0.2% | ||||||||
CORPORATE DEBT — 0.2% | ||||||||
Retail — 0.2% | ||||||||
Carvana Co. | ||||||||
12.000% 12/01/28 (f) | $ | 228,862 | 223,767 | |||||
13.000% 6/01/30 (f) | 345,306 | 336,751 | ||||||
14.000% 6/01/31 (f) | 409,554 | 411,654 | ||||||
972,172 | ||||||||
TOTAL CORPORATE DEBT (Cost $1,074,881) | 972,172 | |||||||
TOTAL BONDS & NOTES (Cost $1,074,881) | 972,172 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $282,341,834) | 473,522,101 | |||||||
Number of Shares | ||||||||
SHORT-TERM INVESTMENTS — 2.3% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (g) | 3,450 | 3,450 |
MML Blue Chip Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Government Reserve Investment Fund | 109 | $ | 109 | |||||
Principal Amount | ||||||||
Repurchase Agreement — 2.3% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (h) | $ | 11,001,751 | 11,001,751 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $11,005,310) | 11,005,310 | |||||||
TOTAL INVESTMENTS — 100.8% (Cost $293,347,144) (i) | 484,527,411 | |||||||
Other Assets/(Liabilities) — (0.8)% | (3,607,546) | |||||||
NET ASSETS — 100.0% | $ | 480,919,865 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $3,382 or 0.00% of net assets. (Note 2). |
(c) | Investment is valued using significant unobservable inputs. |
(d) | Restricted security. Certain securities are restricted to resale. At March 31, 2024, these securities amounted to a value of $1,662,428 or 0.35% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities. |
(e) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2024, these securities amounted to a value of $1,662,428 or 0.35% of net assets. |
(f) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At March 31, 2024, the aggregate market value of these securities amounted to $972,172 or 0.20% of net assets. |
(g) | Represents investment of security lending cash collateral. (Note 2). |
(h) | Maturity value of $11,003,707. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $11,221,817. |
(i) | See Note 3 for aggregate cost for federal tax purposes. |
MML Equity Income Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.1% | ||||||||
COMMON STOCK — 98.3% | ||||||||
Communication Services — 4.7% | ||||||||
AT&T, Inc. | 29,946 | $ | 527,049 | |||||
Comcast Corp. Class A | 24,439 | 1,059,431 | ||||||
News Corp. Class A | 283,452 | 7,420,773 | ||||||
News Corp. Class B | 27,147 | 734,598 | ||||||
Verizon Communications, Inc. | 47,733 | 2,002,877 | ||||||
Walt Disney Co. | 41,812 | 5,116,116 | ||||||
16,860,844 | ||||||||
Consumer Discretionary — 3.0% | ||||||||
Best Buy Co., Inc. | 3,200 | 262,496 | ||||||
Kohl's Corp. | 59,827 | 1,743,957 | ||||||
Las Vegas Sands Corp. | 73,318 | 3,790,540 | ||||||
Mattel, Inc. (a) | 94,748 | 1,876,958 | ||||||
TJX Cos., Inc. | 10,847 | 1,100,103 | ||||||
Volkswagen AG ADR | 156,326 | 2,066,630 | ||||||
10,840,684 | ||||||||
Consumer Staples — 8.1% | ||||||||
Colgate-Palmolive Co. | 28,014 | 2,522,661 | ||||||
Conagra Brands, Inc. | 135,095 | 4,004,216 | ||||||
Constellation Brands, Inc. Class A | 1,419 | 385,627 | ||||||
Dollar General Corp. | 5,900 | 920,754 | ||||||
Kenvue, Inc. | 178,761 | 3,836,211 | ||||||
Kimberly-Clark Corp. | 36,886 | 4,771,204 | ||||||
Mondelez International, Inc. Class A | 3,957 | 276,990 | ||||||
Philip Morris International, Inc. | 55,883 | 5,120,000 | ||||||
Tyson Foods, Inc. Class A | 53,079 | 3,117,330 | ||||||
Walmart, Inc. | 68,056 | 4,094,930 | ||||||
29,049,923 | ||||||||
Energy — 8.7% | ||||||||
Baker Hughes Co. | 18,500 | 619,750 | ||||||
Chevron Corp. | 4,586 | 723,396 | ||||||
ConocoPhillips | 9,100 | 1,158,248 | ||||||
Enbridge, Inc. | 55,979 | 2,025,320 | ||||||
EOG Resources, Inc. | 19,600 | 2,505,664 | ||||||
EQT Corp. | 58,900 | 2,183,423 | ||||||
Exxon Mobil Corp. | 47,611 | 5,534,303 | ||||||
Hess Corp. | 16,106 | 2,458,420 | ||||||
Suncor Energy, Inc. | 56,000 | 2,066,960 | ||||||
TC Energy Corp. (b) | 28,828 | 1,158,885 | ||||||
TotalEnergies SE | 114,537 | 7,875,564 | ||||||
TotalEnergies SE Sponsored ADR | 21,700 | 1,493,611 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Williams Cos., Inc. | 40,400 | $ | 1,574,388 | |||||
31,377,932 | ||||||||
Financials — 23.3% | ||||||||
American International Group, Inc. | 111,903 | 8,747,458 | ||||||
Apollo Global Management, Inc. | 9,500 | 1,068,275 | ||||||
Bank of America Corp. | 51,209 | 1,941,845 | ||||||
Bank of New York Mellon Corp. | 13,000 | 749,060 | ||||||
Charles Schwab Corp. | 79,372 | 5,741,770 | ||||||
Chubb Ltd. | 30,526 | 7,910,202 | ||||||
Citigroup, Inc. | 58,840 | 3,721,042 | ||||||
Equitable Holdings, Inc. | 158,457 | 6,022,951 | ||||||
Fifth Third Bancorp | 124,234 | 4,622,747 | ||||||
Fiserv, Inc. (a) | 27,353 | 4,371,556 | ||||||
Goldman Sachs Group, Inc. | 2,856 | 1,192,923 | ||||||
Hartford Financial Services Group, Inc. | 45,169 | 4,654,665 | ||||||
Huntington Bancshares, Inc. | 255,640 | 3,566,178 | ||||||
JP Morgan Chase & Co. | 23,868 | 4,780,760 | ||||||
Loews Corp. | 48,040 | 3,761,052 | ||||||
MetLife, Inc. | 75,506 | 5,595,750 | ||||||
Morgan Stanley | 14,629 | 1,377,467 | ||||||
US Bancorp | 82,804 | 3,701,339 | ||||||
Wells Fargo & Co. | 184,573 | 10,697,851 | ||||||
84,224,891 | ||||||||
Health Care — 15.8% | ||||||||
AbbVie, Inc. | 10,391 | 1,892,201 | ||||||
AstraZeneca PLC Sponsored ADR | 37,861 | 2,565,083 | ||||||
Becton Dickinson & Co. | 24,674 | 6,105,581 | ||||||
Biogen, Inc. (a) | 4,900 | 1,056,587 | ||||||
Bristol-Myers Squibb Co. | 24,000 | 1,301,520 | ||||||
Cardinal Health, Inc. | 4,918 | 550,324 | ||||||
Centene Corp. (a) | 10,044 | 788,253 | ||||||
Cigna Group | 12,530 | 4,550,771 | ||||||
CVS Health Corp. | 51,313 | 4,092,725 | ||||||
Elevance Health, Inc. | 17,184 | 8,910,591 | ||||||
GE HealthCare Technologies, Inc. (a) | 16,864 | 1,533,106 | ||||||
Humana, Inc. | 800 | 277,376 | ||||||
Johnson & Johnson | 24,791 | 3,921,688 | ||||||
Medtronic PLC | 35,045 | 3,054,172 | ||||||
Merck & Co., Inc. | 27,466 | 3,624,139 | ||||||
Pfizer, Inc. | 82,247 | 2,282,354 | ||||||
Sanofi SA | 21,738 | 2,132,875 | ||||||
Sanofi SA ADR | 6,897 | 335,194 | ||||||
Viatris, Inc. | 224,707 | 2,683,002 | ||||||
Zimmer Biomet Holdings, Inc. | 39,231 | 5,177,708 | ||||||
56,835,250 | ||||||||
Industrials — 12.3% | ||||||||
3M Co. | 8,387 | 889,609 | ||||||
Boeing Co. (a) | 23,056 | 4,449,577 | ||||||
Cummins, Inc. | 6,400 | 1,885,760 | ||||||
Flowserve Corp. | 1,010 | 46,137 | ||||||
General Electric Co. | 49,854 | 8,750,873 | ||||||
Honeywell International, Inc. | 5,000 | 1,026,250 | ||||||
L3Harris Technologies, Inc. | 28,738 | 6,124,068 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Norfolk Southern Corp. | 10,900 | $ | 2,778,083 | |||||
Siemens AG Sponsored ADR | 48,016 | 4,582,167 | ||||||
Southwest Airlines Co. | 100,203 | 2,924,926 | ||||||
Stanley Black & Decker, Inc. | 50,114 | 4,907,664 | ||||||
Stericycle, Inc. (a) | 20,663 | 1,089,973 | ||||||
Union Pacific Corp. | 6,969 | 1,713,886 | ||||||
United Parcel Service, Inc. Class B | 22,599 | 3,358,889 | ||||||
44,527,862 | ||||||||
Information Technology — 9.4% | ||||||||
Accenture PLC Class A | 5,059 | 1,753,500 | ||||||
Advanced Micro Devices, Inc. (a) | 1,600 | 288,784 | ||||||
Applied Materials, Inc. | 22,787 | 4,699,363 | ||||||
Cisco Systems, Inc. | 12,794 | 638,549 | ||||||
Intel Corp. | 27,800 | 1,227,926 | ||||||
Microsoft Corp. | 14,300 | 6,016,296 | ||||||
QUALCOMM, Inc. | 63,534 | 10,756,306 | ||||||
Samsung Electronics Co. Ltd. | 57,811 | 3,461,423 | ||||||
TE Connectivity Ltd. | 14,863 | 2,158,702 | ||||||
Texas Instruments, Inc. | 17,522 | 3,052,508 | ||||||
34,053,357 | ||||||||
Materials — 3.0% | ||||||||
CF Industries Holdings, Inc. | 73,925 | 6,151,299 | ||||||
International Flavors & Fragrances, Inc. | 7,592 | 652,836 | ||||||
International Paper Co. | 103,127 | 4,024,016 | ||||||
10,828,151 | ||||||||
Real Estate — 4.1% | ||||||||
Equity Residential | 76,287 | 4,814,473 | ||||||
Rayonier, Inc. | 88,780 | 2,951,047 | ||||||
Rexford Industrial Realty, Inc. | 15,845 | 797,004 | ||||||
Vornado Realty Trust | 5,843 | 168,103 | ||||||
Weyerhaeuser Co. | 165,884 | 5,956,894 | ||||||
14,687,521 | ||||||||
Utilities — 5.9% | ||||||||
Ameren Corp. | 34,296 | 2,536,532 | ||||||
Dominion Energy, Inc. | 86,744 | 4,266,938 | ||||||
NextEra Energy, Inc. | 39,087 | 2,498,050 | ||||||
NiSource, Inc. | 20,724 | 573,226 | ||||||
PG&E Corp. | 31,053 | 520,448 | ||||||
Sempra | 35,857 | 2,575,608 | ||||||
Southern Co. | 114,278 | 8,198,304 | ||||||
21,169,106 | ||||||||
TOTAL COMMON STOCK (Cost $260,461,226) | 354,455,521 | |||||||
PREFERRED STOCK — 0.8% | ||||||||
Consumer Discretionary — 0.6% | ||||||||
Dr Ing hc F Porsche AG 1.094% (c) | 23,401 | 2,329,418 |
MML Equity Income Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Utilities — 0.2% | ||||||||
NextEra Energy, Inc. Convertible 6.926% 6.926% (b) | 15,955 | $ | 621,128 | |||||
TOTAL PREFERRED STOCK (Cost $3,005,058) | 2,950,546 | |||||||
TOTAL EQUITIES (Cost $263,466,284) | 357,406,067 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $263,466,284) | 357,406,067 | |||||||
SHORT-TERM INVESTMENTS — 1.2% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 1,805,085 | 1,805,085 | ||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Government Reserve Investment Fund | 107 | 107 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.7% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e) | $ | 2,534,992 | 2,534,992 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $4,340,184) | 4,340,184 | |||||||
TOTAL INVESTMENTS — 100.3% (Cost $267,806,468) (f) | 361,746,251 | |||||||
Other Assets/(Liabilities) — (0.3)% | (1,113,386) | |||||||
NET ASSETS — 100.0% | $ | 360,632,865 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $1,762,167 or 0.49% of net assets. (Note 2). |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At March 31, 2024, the aggregate market value of these securities amounted to $2,329,418 or 0.65% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $2,535,442. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $2,585,704. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Equity Index Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.2% | ||||||||
COMMON STOCK — 99.2% | ||||||||
Communication Services — 8.9% | ||||||||
Alphabet, Inc. Class A (a) | 94,271 | $ | 14,228,322 | |||||
Alphabet, Inc. Class C (a) | 78,926 | 12,017,273 | ||||||
AT&T, Inc. | 114,379 | 2,013,070 | ||||||
Charter Communications, Inc. Class A (a) | 1,580 | 459,195 | ||||||
Comcast Corp. Class A | 63,387 | 2,747,826 | ||||||
Electronic Arts, Inc. | 3,892 | 516,352 | ||||||
Fox Corp. Class A | 3,828 | 119,702 | ||||||
Fox Corp. Class B | 2,113 | 60,474 | ||||||
Interpublic Group of Cos., Inc. | 6,127 | 199,924 | ||||||
Live Nation Entertainment, Inc. (a) | 2,270 | 240,098 | ||||||
Match Group, Inc. (a) | 4,357 | 158,072 | ||||||
Meta Platforms, Inc. Class A | 35,194 | 17,089,502 | ||||||
Netflix, Inc. (a) | 6,923 | 4,204,546 | ||||||
News Corp. Class A | 6,084 | 159,279 | ||||||
News Corp. Class B | 1,834 | 49,628 | ||||||
Omnicom Group, Inc. | 3,175 | 307,213 | ||||||
Paramount Global Class B | 7,763 | 91,370 | ||||||
T-Mobile US, Inc. | 8,354 | 1,363,540 | ||||||
Take-Two Interactive Software, Inc. (a) | 2,538 | 376,868 | ||||||
Verizon Communications, Inc. | 67,256 | 2,822,062 | ||||||
Walt Disney Co. | 29,344 | 3,590,532 | ||||||
Warner Bros Discovery, Inc. (a) | 35,499 | 309,906 | ||||||
63,124,754 | ||||||||
Consumer Discretionary — 10.3% | ||||||||
Airbnb, Inc. Class A (a) | 6,968 | 1,149,441 | ||||||
Amazon.com, Inc. (a) | 146,228 | 26,376,607 | ||||||
Aptiv PLC (a) | 4,464 | 355,558 | ||||||
AutoZone, Inc. (a) | 277 | 873,007 | ||||||
Bath & Body Works, Inc. | 3,632 | 181,673 | ||||||
Best Buy Co., Inc. | 3,067 | 251,586 | ||||||
Booking Holdings, Inc. | 558 | 2,024,357 | ||||||
BorgWarner, Inc. | 3,676 | 127,704 | ||||||
Caesars Entertainment, Inc. (a) | 3,476 | 152,040 | ||||||
CarMax, Inc. (a) | 2,526 | 220,040 | ||||||
Carnival Corp. (a) | 16,117 | 263,352 | ||||||
Chipotle Mexican Grill, Inc. (a) | 439 | 1,276,072 | ||||||
Darden Restaurants, Inc. | 1,910 | 319,256 | ||||||
Deckers Outdoor Corp. (a) | 411 | 386,858 | ||||||
Domino's Pizza, Inc. | 558 | 277,259 | ||||||
DR Horton, Inc. | 4,777 | 786,055 | ||||||
eBay, Inc. | 8,313 | 438,760 | ||||||
Etsy, Inc. (a) | 1,921 | 132,011 | ||||||
Expedia Group, Inc. (a) | 2,092 | 288,173 | ||||||
Ford Motor Co. | 62,433 | 829,110 | ||||||
Garmin Ltd. | 2,449 | 364,583 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
General Motors Co. | 18,468 | $ | 837,524 | |||||
Genuine Parts Co. | 2,243 | 347,508 | ||||||
Hasbro, Inc. | 2,101 | 118,748 | ||||||
Hilton Worldwide Holdings, Inc. | 4,034 | 860,492 | ||||||
Home Depot, Inc. | 15,921 | 6,107,296 | ||||||
Las Vegas Sands Corp. | 5,907 | 305,392 | ||||||
Lennar Corp. Class A | 3,954 | 680,009 | ||||||
LKQ Corp. | 4,281 | 228,648 | ||||||
Lowe's Cos., Inc. | 9,200 | 2,343,516 | ||||||
Lululemon Athletica, Inc. (a) | 1,837 | 717,624 | ||||||
Marriott International, Inc. Class A | 3,946 | 995,615 | ||||||
McDonald's Corp. | 11,603 | 3,271,466 | ||||||
MGM Resorts International (a) | 4,395 | 207,488 | ||||||
Mohawk Industries, Inc. (a) | 850 | 111,256 | ||||||
NIKE, Inc. Class B | 19,472 | 1,829,979 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) (b) | 6,806 | 142,450 | ||||||
NVR, Inc. (a) | 51 | 413,098 | ||||||
O'Reilly Automotive, Inc. (a) | 945 | 1,066,792 | ||||||
Pool Corp. | 620 | 250,170 | ||||||
PulteGroup, Inc. | 3,393 | 409,264 | ||||||
Ralph Lauren Corp. | 625 | 117,350 | ||||||
Ross Stores, Inc. | 5,386 | 790,449 | ||||||
Royal Caribbean Cruises Ltd. (a) | 3,774 | 524,624 | ||||||
Starbucks Corp. | 18,112 | 1,655,256 | ||||||
Tapestry, Inc. | 3,669 | 174,204 | ||||||
Tesla, Inc. (a) | 44,324 | 7,791,716 | ||||||
TJX Cos., Inc. | 18,232 | 1,849,089 | ||||||
Tractor Supply Co. | 1,730 | 452,776 | ||||||
Ulta Beauty, Inc. (a) | 777 | 406,278 | ||||||
VF Corp. | 5,321 | 81,624 | ||||||
Wynn Resorts Ltd. | 1,524 | 155,798 | ||||||
Yum! Brands, Inc. | 4,500 | 623,925 | ||||||
72,940,926 | ||||||||
Consumer Staples — 5.9% | ||||||||
Altria Group, Inc. | 28,210 | 1,230,520 | ||||||
Archer-Daniels-Midland Co. | 8,533 | 535,958 | ||||||
Brown-Forman Corp. Class B | 2,893 | 149,337 | ||||||
Bunge Global SA | 2,316 | 237,436 | ||||||
Campbell Soup Co. | 3,135 | 139,351 | ||||||
Church & Dwight Co., Inc. | 3,941 | 411,086 | ||||||
Clorox Co. | 1,985 | 303,923 | ||||||
Coca-Cola Co. | 62,246 | 3,808,210 | ||||||
Colgate-Palmolive Co. | 13,172 | 1,186,139 | ||||||
Conagra Brands, Inc. | 7,647 | 226,657 | ||||||
Constellation Brands, Inc. Class A | 2,573 | 699,238 | ||||||
Costco Wholesale Corp. | 7,098 | 5,200,208 | ||||||
Dollar General Corp. | 3,515 | 548,551 | ||||||
Dollar Tree, Inc. (a) | 3,311 | 440,860 | ||||||
Estee Lauder Cos., Inc. Class A | 3,725 | 574,209 | ||||||
General Mills, Inc. | 9,085 | 635,677 | ||||||
Hershey Co. | 2,398 | 466,411 | ||||||
Hormel Foods Corp. | 4,636 | 161,750 | ||||||
J. M. Smucker Co. | 1,698 | 213,727 | ||||||
Kellanova | 4,219 | 241,706 | ||||||
Kenvue, Inc. | 27,571 | 591,674 | ||||||
Keurig Dr Pepper, Inc. | 16,661 | 510,993 | ||||||
Kimberly-Clark Corp. | 5,389 | 697,067 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Kraft Heinz Co. | 12,754 | $ | 470,623 | |||||
Kroger Co. | 10,590 | 605,007 | ||||||
Lamb Weston Holdings, Inc. | 2,310 | 246,084 | ||||||
McCormick & Co., Inc. | 4,022 | 308,930 | ||||||
Molson Coors Beverage Co. Class B | 2,962 | 199,194 | ||||||
Mondelez International, Inc. Class A | 21,540 | 1,507,800 | ||||||
Monster Beverage Corp. (a) | 11,817 | 700,512 | ||||||
PepsiCo, Inc. | 21,987 | 3,847,945 | ||||||
Philip Morris International, Inc. | 24,835 | 2,275,383 | ||||||
Procter & Gamble Co. | 37,642 | 6,107,414 | ||||||
Sysco Corp. | 7,964 | 646,518 | ||||||
Target Corp. | 7,385 | 1,308,696 | ||||||
Tyson Foods, Inc. Class A | 4,581 | 269,042 | ||||||
Walgreens Boots Alliance, Inc. | 11,450 | 248,350 | ||||||
Walmart, Inc. | 68,478 | 4,120,321 | ||||||
42,072,507 | ||||||||
Energy — 3.9% | ||||||||
APA Corp. | 5,778 | 198,648 | ||||||
Baker Hughes Co. | 16,011 | 536,369 | ||||||
Chevron Corp. | 27,746 | 4,376,654 | ||||||
ConocoPhillips | 18,846 | 2,398,719 | ||||||
Coterra Energy, Inc. | 12,075 | 336,651 | ||||||
Devon Energy Corp. | 10,249 | 514,295 | ||||||
Diamondback Energy, Inc. | 2,863 | 567,361 | ||||||
EOG Resources, Inc. | 9,329 | 1,192,619 | ||||||
EQT Corp. | 6,538 | 242,364 | ||||||
Exxon Mobil Corp. | 63,525 | 7,384,146 | ||||||
Halliburton Co. | 14,239 | 561,301 | ||||||
Hess Corp. | 4,403 | 672,074 | ||||||
Kinder Morgan, Inc. | 30,935 | 567,348 | ||||||
Marathon Oil Corp. | 9,362 | 265,319 | ||||||
Marathon Petroleum Corp. | 5,887 | 1,186,230 | ||||||
Occidental Petroleum Corp. | 10,529 | 684,280 | ||||||
ONEOK, Inc. | 9,319 | 747,104 | ||||||
Phillips 66 | 6,879 | 1,123,616 | ||||||
Pioneer Natural Resources Co. | 3,737 | 980,962 | ||||||
Schlumberger NV | 22,834 | 1,251,532 | ||||||
Targa Resources Corp. | 3,567 | 399,468 | ||||||
Valero Energy Corp. | 5,446 | 929,578 | ||||||
Williams Cos., Inc. | 19,460 | 758,356 | ||||||
27,874,994 | ||||||||
Financials — 13.0% | ||||||||
Aflac, Inc. | 8,421 | 723,027 | ||||||
Allstate Corp. | 4,199 | 726,469 | ||||||
American Express Co. | 9,148 | 2,082,908 | ||||||
American International Group, Inc. | 11,231 | 877,927 | ||||||
Ameriprise Financial, Inc. | 1,603 | 702,819 | ||||||
Aon PLC Class A | 3,203 | 1,068,905 | ||||||
Arch Capital Group Ltd. (a) | 5,935 | 548,631 | ||||||
Arthur J Gallagher & Co. | 3,468 | 867,139 | ||||||
Assurant, Inc. | 831 | 156,427 | ||||||
Bank of America Corp. | 110,139 | 4,176,471 | ||||||
Bank of New York Mellon Corp. | 12,147 | 699,910 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 29,106 | 12,239,655 | ||||||
BlackRock, Inc. | 2,237 | 1,864,987 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Blackstone, Inc. | 11,508 | $ | 1,511,806 | |||||
Brown & Brown, Inc. | 3,779 | 330,814 | ||||||
Capital One Financial Corp. | 6,085 | 905,996 | ||||||
Cboe Global Markets, Inc. | 1,689 | 310,320 | ||||||
Charles Schwab Corp. | 23,807 | 1,722,198 | ||||||
Chubb Ltd. | 6,483 | 1,679,940 | ||||||
Cincinnati Financial Corp. | 2,512 | 311,915 | ||||||
Citigroup, Inc. | 30,444 | 1,925,279 | ||||||
Citizens Financial Group, Inc. | 7,456 | 270,578 | ||||||
CME Group, Inc. | 5,759 | 1,239,855 | ||||||
Comerica, Inc. | 2,122 | 116,689 | ||||||
Corpay, Inc. (a) | 1,150 | 354,821 | ||||||
Discover Financial Services | 4,000 | 524,360 | ||||||
Everest Group Ltd. | 695 | 276,262 | ||||||
FactSet Research Systems, Inc. | 610 | 277,178 | ||||||
Fidelity National Information Services, Inc. | 9,478 | 703,078 | ||||||
Fifth Third Bancorp | 10,896 | 405,440 | ||||||
Fiserv, Inc. (a) | 9,601 | 1,534,432 | ||||||
Franklin Resources, Inc. | 4,801 | 134,956 | ||||||
Global Payments, Inc. | 4,165 | 556,694 | ||||||
Globe Life, Inc. | 1,366 | 158,961 | ||||||
Goldman Sachs Group, Inc. | 5,217 | 2,179,089 | ||||||
Hartford Financial Services Group, Inc. | 4,775 | 492,064 | ||||||
Huntington Bancshares, Inc. | 23,169 | 323,208 | ||||||
Intercontinental Exchange, Inc. | 9,160 | 1,258,859 | ||||||
Invesco Ltd. | 7,191 | 119,299 | ||||||
Jack Henry & Associates, Inc. | 1,166 | 202,569 | ||||||
JP Morgan Chase & Co. | 46,248 | 9,263,474 | ||||||
KeyCorp. | 14,982 | 236,865 | ||||||
Loews Corp. | 2,922 | 228,763 | ||||||
M&T Bank Corp. | 2,658 | 386,579 | ||||||
MarketAxess Holdings, Inc. | 609 | 133,523 | ||||||
Marsh & McLennan Cos., Inc. | 7,871 | 1,621,269 | ||||||
Mastercard, Inc. Class A | 13,198 | 6,355,761 | ||||||
MetLife, Inc. | 9,820 | 727,760 | ||||||
Moody's Corp. | 2,518 | 989,650 | ||||||
Morgan Stanley | 20,041 | 1,887,061 | ||||||
MSCI, Inc. | 1,265 | 708,969 | ||||||
Nasdaq, Inc. | 6,079 | 383,585 | ||||||
Northern Trust Corp. | 3,281 | 291,747 | ||||||
PayPal Holdings, Inc. (a) | 17,145 | 1,148,544 | ||||||
PNC Financial Services Group, Inc. | 6,367 | 1,028,907 | ||||||
Principal Financial Group, Inc. | 3,509 | 302,862 | ||||||
Progressive Corp. | 9,363 | 1,936,456 | ||||||
Prudential Financial, Inc. | 5,775 | 677,985 | ||||||
Raymond James Financial, Inc. | 3,009 | 386,416 | ||||||
Regions Financial Corp. | 14,781 | 310,992 | ||||||
S&P Global, Inc. | 5,140 | 2,186,813 | ||||||
State Street Corp. | 4,830 | 373,456 | ||||||
Synchrony Financial | 6,508 | 280,625 | ||||||
T. Rowe Price Group, Inc. | 3,582 | 436,717 | ||||||
Travelers Cos., Inc. | 3,651 | 840,241 | ||||||
Truist Financial Corp. | 21,336 | 831,677 | ||||||
US Bancorp | 24,908 | 1,113,388 | ||||||
Visa, Inc. Class A | 25,301 | 7,061,003 | ||||||
W. R. Berkley Corp. | 3,248 | 287,253 | ||||||
Wells Fargo & Co. | 57,571 | 3,336,815 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Willis Towers Watson PLC | 1,640 | $ | 451,000 | |||||
92,768,091 | ||||||||
Health Care — 12.3% | ||||||||
Abbott Laboratories | 27,772 | 3,156,565 | ||||||
AbbVie, Inc. | 28,244 | 5,143,232 | ||||||
Agilent Technologies, Inc. | 4,688 | 682,151 | ||||||
Align Technology, Inc. (a) | 1,139 | 373,501 | ||||||
Amgen, Inc. | 8,558 | 2,433,211 | ||||||
Baxter International, Inc. | 8,124 | 347,220 | ||||||
Becton Dickinson & Co. | 4,622 | 1,143,714 | ||||||
Bio-Rad Laboratories, Inc. Class A (a) | 335 | 115,866 | ||||||
Bio-Techne Corp. | 2,515 | 177,031 | ||||||
Biogen, Inc. (a) | 2,318 | 499,830 | ||||||
Boston Scientific Corp. (a) | 23,436 | 1,605,132 | ||||||
Bristol-Myers Squibb Co. | 32,550 | 1,765,186 | ||||||
Cardinal Health, Inc. | 3,891 | 435,403 | ||||||
Catalent, Inc. (a) | 2,891 | 163,197 | ||||||
Cencora, Inc. | 2,649 | 643,680 | ||||||
Centene Corp. (a) | 8,550 | 671,004 | ||||||
Charles River Laboratories International, Inc. (a) | 821 | 222,450 | ||||||
Cigna Group | 4,679 | 1,699,366 | ||||||
The Cooper Cos., Inc. | 3,179 | 322,541 | ||||||
CVS Health Corp. | 20,132 | 1,605,728 | ||||||
Danaher Corp. | 10,520 | 2,627,054 | ||||||
DaVita, Inc. (a) | 866 | 119,551 | ||||||
DENTSPLY SIRONA, Inc. | 3,389 | 112,481 | ||||||
Dexcom, Inc. (a) | 6,167 | 855,363 | ||||||
Edwards Lifesciences Corp. (a) | 9,702 | 927,123 | ||||||
Elevance Health, Inc. | 3,759 | 1,949,192 | ||||||
Eli Lilly & Co. | 12,756 | 9,923,658 | ||||||
GE HealthCare Technologies, Inc. (a) | 6,774 | 615,824 | ||||||
Gilead Sciences, Inc. | 19,932 | 1,460,019 | ||||||
HCA Healthcare, Inc. | 3,169 | 1,056,957 | ||||||
Henry Schein, Inc. (a) | 2,079 | 157,006 | ||||||
Hologic, Inc. (a) | 3,755 | 292,740 | ||||||
Humana, Inc. | 1,955 | 677,838 | ||||||
IDEXX Laboratories, Inc. (a) | 1,329 | 717,567 | ||||||
Illumina, Inc. (a) | 2,540 | 348,793 | ||||||
Incyte Corp. (a) | 2,976 | 169,543 | ||||||
Insulet Corp. (a) | 1,117 | 191,454 | ||||||
Intuitive Surgical, Inc. (a) | 5,636 | 2,249,271 | ||||||
IQVIA Holdings, Inc. (a) | 2,919 | 738,186 | ||||||
Johnson & Johnson | 38,510 | 6,091,897 | ||||||
Laboratory Corp. of America Holdings | 1,358 | 296,669 | ||||||
McKesson Corp. | 2,102 | 1,128,459 | ||||||
Medtronic PLC | 21,271 | 1,853,768 | ||||||
Merck & Co., Inc. | 40,537 | 5,348,857 | ||||||
Mettler-Toledo International, Inc. (a) | 344 | 457,964 | ||||||
Moderna, Inc. (a) | 5,316 | 566,473 | ||||||
Molina Healthcare, Inc. (a) | 928 | 381,250 | ||||||
Pfizer, Inc. | 90,326 | 2,506,546 | ||||||
Quest Diagnostics, Inc. | 1,776 | 236,403 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 1,690 | 1,626,608 | ||||||
ResMed, Inc. | 2,355 | 466,361 | ||||||
Revvity, Inc. | 1,979 | 207,795 | ||||||
STERIS PLC | 1,585 | 356,340 | ||||||
Stryker Corp. | 5,409 | 1,935,719 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Teleflex, Inc. | 752 | $ | 170,080 | |||||
Thermo Fisher Scientific, Inc. | 6,181 | 3,592,459 | ||||||
UnitedHealth Group, Inc. | 14,796 | 7,319,581 | ||||||
Universal Health Services, Inc. Class B | 976 | 178,081 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 4,122 | 1,723,037 | ||||||
Viatris, Inc. | 19,191 | 229,140 | ||||||
Waters Corp. (a) | 946 | 325,642 | ||||||
West Pharmaceutical Services, Inc. | 1,184 | 468,521 | ||||||
Zimmer Biomet Holdings, Inc. | 3,343 | 441,209 | ||||||
Zoetis, Inc. | 7,344 | 1,242,678 | ||||||
87,547,165 | ||||||||
Industrials — 8.7% | ||||||||
3M Co. | 8,842 | 937,871 | ||||||
A.O. Smith Corp. | 1,956 | 174,984 | ||||||
Allegion PLC | 1,404 | 189,133 | ||||||
American Airlines Group, Inc. (a) | 10,466 | 160,653 | ||||||
AMETEK, Inc. | 3,692 | 675,267 | ||||||
Automatic Data Processing, Inc. | 6,571 | 1,641,042 | ||||||
Axon Enterprise, Inc. (a) | 1,127 | 352,616 | ||||||
Boeing Co. (a) | 9,175 | 1,770,683 | ||||||
Broadridge Financial Solutions, Inc. | 1,887 | 386,571 | ||||||
Builders FirstSource, Inc. (a) | 1,969 | 410,635 | ||||||
C.H. Robinson Worldwide, Inc. | 1,866 | 142,077 | ||||||
Carrier Global Corp. | 13,365 | 776,907 | ||||||
Caterpillar, Inc. | 8,144 | 2,984,206 | ||||||
Cintas Corp. | 1,378 | 946,727 | ||||||
Copart, Inc. (a) | 13,978 | 809,606 | ||||||
CSX Corp. | 31,612 | 1,171,857 | ||||||
Cummins, Inc. | 2,180 | 642,337 | ||||||
Dayforce, Inc. (a) | 2,513 | 166,386 | ||||||
Deere & Co. | 4,166 | 1,711,143 | ||||||
Delta Air Lines, Inc. | 10,244 | 490,380 | ||||||
Dover Corp. | 2,238 | 396,551 | ||||||
Eaton Corp. PLC | 6,388 | 1,997,400 | ||||||
Emerson Electric Co. | 9,146 | 1,037,339 | ||||||
Equifax, Inc. | 1,972 | 527,549 | ||||||
Expeditors International of Washington, Inc. | 2,326 | 282,772 | ||||||
Fastenal Co. | 9,154 | 706,140 | ||||||
FedEx Corp. | 3,678 | 1,065,664 | ||||||
Fortive Corp. | 5,610 | 482,572 | ||||||
Generac Holdings, Inc. (a) | 983 | 123,996 | ||||||
General Dynamics Corp. | 3,632 | 1,026,004 | ||||||
General Electric Co. | 17,410 | 3,055,977 | ||||||
Honeywell International, Inc. | 10,546 | 2,164,566 | ||||||
Howmet Aerospace, Inc. | 6,257 | 428,166 | ||||||
Hubbell, Inc. | 858 | 356,113 | ||||||
Huntington Ingalls Industries, Inc. | 633 | 184,501 | ||||||
IDEX Corp. | 1,210 | 295,264 | ||||||
Illinois Tool Works, Inc. | 4,350 | 1,167,235 | ||||||
Ingersoll Rand, Inc. | 6,476 | 614,896 | ||||||
Jacobs Solutions, Inc. | 2,018 | 310,227 | ||||||
JB Hunt Transport Services, Inc. | 1,304 | 259,822 | ||||||
Johnson Controls International PLC | 10,909 | 712,576 | ||||||
L3Harris Technologies, Inc. | 3,032 | 646,119 | ||||||
Leidos Holdings, Inc. | 2,200 | 288,398 | ||||||
Lockheed Martin Corp. | 3,440 | 1,564,753 | ||||||
Masco Corp. | 3,516 | 277,342 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Nordson Corp. | 868 | $ | 238,301 | |||||
Norfolk Southern Corp. | 3,613 | 920,845 | ||||||
Northrop Grumman Corp. | 2,256 | 1,079,857 | ||||||
Old Dominion Freight Line, Inc. | 2,862 | 627,665 | ||||||
Otis Worldwide Corp. | 6,486 | 643,865 | ||||||
PACCAR, Inc. | 8,368 | 1,036,712 | ||||||
Parker-Hannifin Corp. | 2,054 | 1,141,593 | ||||||
Paychex, Inc. | 5,123 | 629,104 | ||||||
Paycom Software, Inc. | 769 | 153,039 | ||||||
Pentair PLC | 2,644 | 225,903 | ||||||
Quanta Services, Inc. | 2,324 | 603,775 | ||||||
Republic Services, Inc. | 3,272 | 626,392 | ||||||
Robert Half, Inc. | 1,666 | 132,080 | ||||||
Rockwell Automation, Inc. | 1,833 | 534,008 | ||||||
Rollins, Inc. | 4,491 | 207,799 | ||||||
RTX Corp. | 21,225 | 2,070,074 | ||||||
Snap-on, Inc. | 844 | 250,010 | ||||||
Southwest Airlines Co. | 9,545 | 278,619 | ||||||
Stanley Black & Decker, Inc. | 2,453 | 240,222 | ||||||
Textron, Inc. | 3,145 | 301,700 | ||||||
Trane Technologies PLC | 3,640 | 1,092,728 | ||||||
TransDigm Group, Inc. | 891 | 1,097,356 | ||||||
Uber Technologies, Inc. (a) | 32,920 | 2,534,511 | ||||||
Union Pacific Corp. | 9,755 | 2,399,047 | ||||||
United Airlines Holdings, Inc. (a) | 5,247 | 251,226 | ||||||
United Parcel Service, Inc. Class B | 11,570 | 1,719,649 | ||||||
United Rentals, Inc. | 1,075 | 775,193 | ||||||
Veralto Corp. | 3,508 | 311,019 | ||||||
Verisk Analytics, Inc. | 2,319 | 546,658 | ||||||
W.W. Grainger, Inc. | 707 | 719,231 | ||||||
Waste Management, Inc. | 5,863 | 1,249,698 | ||||||
Westinghouse Air Brake Technologies Corp. | 2,866 | 417,519 | ||||||
Xylem, Inc. | 3,857 | 498,479 | ||||||
62,066,900 | ||||||||
Information Technology — 29.3% | ||||||||
Accenture PLC Class A | 10,030 | 3,476,498 | ||||||
Adobe, Inc. (a) | 7,231 | 3,648,763 | ||||||
Advanced Micro Devices, Inc. (a) | 25,848 | 4,665,305 | ||||||
Akamai Technologies, Inc. (a) | 2,413 | 262,438 | ||||||
Amphenol Corp. Class A | 9,596 | 1,106,899 | ||||||
Analog Devices, Inc. | 7,932 | 1,568,870 | ||||||
ANSYS, Inc. (a) | 1,390 | 482,552 | ||||||
Apple, Inc. | 232,204 | 39,818,342 | ||||||
Applied Materials, Inc. | 13,311 | 2,745,127 | ||||||
Arista Networks, Inc. (a) | 4,031 | 1,168,909 | ||||||
Autodesk, Inc. (a) | 3,422 | 891,157 | ||||||
Broadcom, Inc. | 7,040 | 9,330,886 | ||||||
Cadence Design Systems, Inc. (a) | 4,352 | 1,354,691 | ||||||
CDW Corp. | 2,143 | 548,137 | ||||||
Cisco Systems, Inc. | 65,004 | 3,244,350 | ||||||
Cognizant Technology Solutions Corp. Class A | 7,967 | 583,901 | ||||||
Corning, Inc. | 12,284 | 404,881 | ||||||
Enphase Energy, Inc. (a) | 2,172 | 262,769 | ||||||
EPAM Systems, Inc. (a) | 923 | 254,896 | ||||||
F5, Inc. (a) | 941 | 178,404 | ||||||
Fair Isaac Corp. (a) | 398 | 497,345 | ||||||
First Solar, Inc. (a) | 1,709 | 288,479 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Fortinet, Inc. (a) | 10,196 | $ | 696,489 | |||||
Gartner, Inc. (a) | 1,247 | 594,407 | ||||||
Gen Digital, Inc. | 8,964 | 200,794 | ||||||
Hewlett Packard Enterprise Co. | 20,796 | 368,713 | ||||||
HP, Inc. | 13,949 | 421,539 | ||||||
Intel Corp. | 67,636 | 2,987,482 | ||||||
International Business Machines Corp. | 14,638 | 2,795,272 | ||||||
Intuit, Inc. | 4,478 | 2,910,700 | ||||||
Jabil, Inc. | 2,036 | 272,722 | ||||||
Juniper Networks, Inc. | 5,150 | 190,859 | ||||||
Keysight Technologies, Inc. (a) | 2,794 | 436,926 | ||||||
KLA Corp. | 2,163 | 1,511,007 | ||||||
Lam Research Corp. | 2,097 | 2,037,382 | ||||||
Microchip Technology, Inc. | 8,645 | 775,543 | ||||||
Micron Technology, Inc. | 17,659 | 2,081,819 | ||||||
Microsoft Corp. | 118,866 | 50,009,303 | ||||||
Monolithic Power Systems, Inc. | 768 | 520,259 | ||||||
Motorola Solutions, Inc. | 2,655 | 942,472 | ||||||
NetApp, Inc. | 3,296 | 345,981 | ||||||
NVIDIA Corp. | 39,513 | 35,702,366 | ||||||
NXP Semiconductors NV | 4,123 | 1,021,556 | ||||||
ON Semiconductor Corp. (a) | 6,836 | 502,788 | ||||||
Oracle Corp. | 25,505 | 3,203,683 | ||||||
Palo Alto Networks, Inc. (a) | 5,044 | 1,433,152 | ||||||
PTC, Inc. (a) | 1,912 | 361,253 | ||||||
Qorvo, Inc. (a) | 1,544 | 177,297 | ||||||
QUALCOMM, Inc. | 17,853 | 3,022,513 | ||||||
Roper Technologies, Inc. | 1,709 | 958,476 | ||||||
Salesforce, Inc. | 15,485 | 4,663,772 | ||||||
Seagate Technology Holdings PLC | 3,122 | 290,502 | ||||||
ServiceNow, Inc. (a) | 3,279 | 2,499,910 | ||||||
Skyworks Solutions, Inc. | 2,563 | 277,624 | ||||||
Super Micro Computer, Inc. (a) | 805 | 813,074 | ||||||
Synopsys, Inc. (a) | 2,440 | 1,394,460 | ||||||
TE Connectivity Ltd. | 4,940 | 717,486 | ||||||
Teledyne Technologies, Inc. (a) | 755 | 324,137 | ||||||
Teradyne, Inc. | 2,446 | 275,982 | ||||||
Texas Instruments, Inc. | 14,546 | 2,534,059 | ||||||
Trimble, Inc. (a) | 3,980 | 256,153 | ||||||
Tyler Technologies, Inc. (a) | 674 | 286,457 | ||||||
VeriSign, Inc. (a) | 1,412 | 267,588 | ||||||
Western Digital Corp. (a) | 5,187 | 353,961 | ||||||
Zebra Technologies Corp. Class A (a) | 822 | 247,784 | ||||||
208,469,301 | ||||||||
Materials — 2.4% | ||||||||
Air Products & Chemicals, Inc. | 3,556 | 861,512 | ||||||
Albemarle Corp. (b) | 1,877 | 247,276 | ||||||
Amcor PLC | 23,153 | 220,185 | ||||||
Avery Dennison Corp. | 1,288 | 287,546 | ||||||
Ball Corp. | 5,044 | 339,764 | ||||||
Celanese Corp. | 1,602 | 275,320 | ||||||
CF Industries Holdings, Inc. | 3,056 | 254,290 | ||||||
Corteva, Inc. | 11,227 | 647,461 | ||||||
Dow, Inc. | 11,235 | 650,843 | ||||||
DuPont de Nemours, Inc. | 6,881 | 527,566 | ||||||
Eastman Chemical Co. | 1,876 | 188,013 | ||||||
Ecolab, Inc. | 4,060 | 937,454 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
FMC Corp. | 1,996 | $ | 127,145 | |||||
Freeport-McMoRan, Inc. | 22,939 | 1,078,592 | ||||||
International Flavors & Fragrances, Inc. | 4,084 | 351,183 | ||||||
International Paper Co. | 5,535 | 215,976 | ||||||
Linde PLC | 7,757 | 3,601,730 | ||||||
LyondellBasell Industries NV Class A | 4,095 | 418,836 | ||||||
Martin Marietta Materials, Inc. | 989 | 607,187 | ||||||
Mosaic Co. | 5,215 | 169,279 | ||||||
Newmont Corp. | 18,437 | 660,782 | ||||||
Nucor Corp. | 3,933 | 778,341 | ||||||
Packaging Corp. of America | 1,428 | 271,006 | ||||||
PPG Industries, Inc. | 3,772 | 546,563 | ||||||
Sherwin-Williams Co. | 3,767 | 1,308,392 | ||||||
Steel Dynamics, Inc. | 2,433 | 360,643 | ||||||
Vulcan Materials Co. | 2,126 | 580,228 | ||||||
Westrock Co. | 4,111 | 203,289 | ||||||
16,716,402 | ||||||||
Real Estate — 2.3% | ||||||||
Alexandria Real Estate Equities, Inc. | 2,518 | 324,595 | ||||||
American Tower Corp. | 7,457 | 1,473,429 | ||||||
AvalonBay Communities, Inc. | 2,269 | 421,036 | ||||||
Boston Properties, Inc. | 2,313 | 151,062 | ||||||
Camden Property Trust | 1,708 | 168,067 | ||||||
CBRE Group, Inc. Class A (a) | 4,757 | 462,571 | ||||||
CoStar Group, Inc. (a) | 6,533 | 631,088 | ||||||
Crown Castle, Inc. | 6,938 | 734,249 | ||||||
Digital Realty Trust, Inc. | 4,845 | 697,874 | ||||||
Equinix, Inc. | 1,502 | 1,239,646 | ||||||
Equity Residential | 5,530 | 348,998 | ||||||
Essex Property Trust, Inc. | 1,027 | 251,420 | ||||||
Extra Space Storage, Inc. | 3,380 | 496,860 | ||||||
Federal Realty Investment Trust | 1,175 | 119,991 | ||||||
Healthpeak Properties, Inc. | 11,394 | 213,637 | ||||||
Host Hotels & Resorts, Inc. | 11,271 | 233,084 | ||||||
Invitation Homes, Inc. | 9,202 | 327,683 | ||||||
Iron Mountain, Inc. | 4,671 | 374,661 | ||||||
Kimco Realty Corp. | 10,656 | 208,964 | ||||||
Mid-America Apartment Communities, Inc. | 1,867 | 245,660 | ||||||
Prologis, Inc. | 14,781 | 1,924,782 | ||||||
Public Storage | 2,532 | 734,432 | ||||||
Realty Income Corp. | 13,304 | 719,746 | ||||||
Regency Centers Corp. | 2,628 | 159,152 | ||||||
SBA Communications Corp. | 1,726 | 374,024 | ||||||
Simon Property Group, Inc. | 5,214 | 815,939 | ||||||
UDR, Inc. | 4,841 | 181,102 | ||||||
Ventas, Inc. | 6,437 | 280,267 | ||||||
VICI Properties, Inc. | 16,550 | 493,024 | ||||||
Welltower, Inc. | 8,854 | 827,318 | ||||||
Weyerhaeuser Co. | 11,674 | 419,213 | ||||||
16,053,574 | ||||||||
Utilities — 2.2% | ||||||||
AES Corp. | 10,712 | 192,066 | ||||||
Alliant Energy Corp. | 4,075 | 205,380 | ||||||
Ameren Corp. | 4,206 | 311,076 | ||||||
American Electric Power Co., Inc. | 8,412 | 724,273 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
American Water Works Co., Inc. | 3,115 | $ | 380,684 | |||||
Atmos Energy Corp. | 2,413 | 286,833 | ||||||
CenterPoint Energy, Inc. | 10,098 | 287,692 | ||||||
CMS Energy Corp. | 4,729 | 285,348 | ||||||
Consolidated Edison, Inc. | 5,523 | 501,544 | ||||||
Constellation Energy Corp. | 5,109 | 944,399 | ||||||
Dominion Energy, Inc. | 13,386 | 658,457 | ||||||
DTE Energy Co. | 3,303 | 370,398 | ||||||
Duke Energy Corp. | 12,334 | 1,192,821 | ||||||
Edison International | 6,132 | 433,716 | ||||||
Entergy Corp. | 3,383 | 357,515 | ||||||
Evergy, Inc. | 3,675 | 196,172 | ||||||
Eversource Energy | 5,588 | 333,995 | ||||||
Exelon Corp. | 15,924 | 598,265 | ||||||
FirstEnergy Corp. | 8,261 | 319,040 | ||||||
NextEra Energy, Inc. | 32,821 | 2,097,590 | ||||||
NiSource, Inc. | 6,613 | 182,916 | ||||||
NRG Energy, Inc. | 3,612 | 244,496 | ||||||
PG&E Corp. | 34,130 | 572,019 | ||||||
Pinnacle West Capital Corp. | 1,814 | 135,560 | ||||||
PPL Corp. | 11,792 | 324,634 | ||||||
Public Service Enterprise Group, Inc. | 7,972 | 532,370 | ||||||
Sempra | 10,067 | 723,113 | ||||||
Southern Co. | 17,447 | 1,251,648 | ||||||
WEC Energy Group, Inc. | 5,050 | 414,706 | ||||||
Xcel Energy, Inc. | 8,827 | 474,451 | ||||||
15,533,177 | ||||||||
TOTAL COMMON STOCK (Cost $324,232,082) | 705,167,791 | |||||||
TOTAL EQUITIES (Cost $324,232,082) | 705,167,791 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $324,232,082) | 705,167,791 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.7% | ||||||||
Repurchase Agreement — 0.7% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (c) | $ | 4,932,522 | 4,932,522 | |||||
U.S. Treasury Bill — 0.0% | ||||||||
U.S. Treasury Bills | ||||||||
5.320% 4/11/24 (d) (e) | 10,000 | 9,981 | ||||||
5.331% 4/11/24 (d) (e) | 10,000 | 9,981 | ||||||
5.341% 4/11/24 (d) (e) | 10,000 | 9,981 | ||||||
5.345% 4/11/24 (d) (e) | 185,000 | 184,650 | ||||||
5.386% 4/11/24 (d) (e) | 20,000 | 19,962 | ||||||
5.413% 4/11/24 (d) (e) | 5,000 | 4,991 | ||||||
5.505% 4/11/24 (d) (e) | 55,000 | 54,896 |
MML Equity Index Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
5.524% 4/11/24 (d) (e) | $ | 5,000 | $ | 4,991 | ||||
299,433 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,232,085) | 5,231,955 | |||||||
TOTAL INVESTMENTS — 99.9% (Cost $329,464,167) (f) | 710,399,746 | |||||||
Other Assets/(Liabilities) — 0.1% | 454,094 | |||||||
NET ASSETS — 100.0% | $ | 710,853,840 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $191,857 or 0.03% of net assets. The Fund received $198,795 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Maturity value of $4,933,399. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $5,031,196. |
(d) | The rate shown represents yield-to-maturity. |
(e) | All or a portion of this security is pledged/held as collateral for open derivatives. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
Futures contracts | ||||||||||||||
Expiration Date | Number of Contracts | Notional Amount | Value/Net Unrealized Appreciation (Depreciation) | |||||||||||
Long | ||||||||||||||
S&P 500 E Mini Index | 6/21/24 | 21 | $ | 5,443,063 | $ | 130,862 |
MML Focused Equity Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 97.0% | ||||||||
COMMON STOCK — 97.0% | ||||||||
Consumer Discretionary — 12.0% | ||||||||
McDonald's Corp. | 41,205 | $ | 11,617,750 | |||||
NIKE, Inc. Class B | 79,492 | 7,470,658 | ||||||
TJX Cos., Inc. | 157,862 | 16,010,364 | ||||||
35,098,772 | ||||||||
Consumer Staples — 13.4% | ||||||||
Coca-Cola Co. | 80,686 | 4,936,369 | ||||||
Colgate-Palmolive Co. | 120,504 | 10,851,385 | ||||||
PepsiCo, Inc. | 67,004 | 11,726,370 | ||||||
Procter & Gamble Co. | 72,430 | 11,751,768 | ||||||
39,265,892 | ||||||||
Financials — 20.0% | ||||||||
American Express Co. | 66,232 | 15,080,364 | ||||||
Chubb Ltd. | 45,796 | 11,867,117 | ||||||
Marsh & McLennan Cos., Inc. | 58,159 | 11,979,591 | ||||||
Mastercard, Inc. Class A | 12,819 | 6,173,246 | ||||||
Visa, Inc. Class A | 48,171 | 13,443,563 | ||||||
58,543,881 | ||||||||
Health Care — 16.3% | ||||||||
Danaher Corp. | 59,195 | 14,782,175 | ||||||
Medtronic PLC | 79,999 | 6,971,913 | ||||||
Stryker Corp. | 33,189 | 11,877,347 | ||||||
UnitedHealth Group, Inc. | 28,401 | 14,049,975 | ||||||
47,681,410 | ||||||||
Industrials — 12.7% | ||||||||
Honeywell International, Inc. | 58,001 | 11,904,705 | ||||||
Lockheed Martin Corp. | 10,572 | 4,808,886 | ||||||
Northrop Grumman Corp. | 30,765 | 14,725,975 | ||||||
Union Pacific Corp. | 23,148 | 5,692,788 | ||||||
37,132,354 | ||||||||
Information Technology — 13.3% | ||||||||
Accenture PLC Class A | 33,203 | 11,508,492 | ||||||
Microsoft Corp. | 34,672 | 14,587,204 | ||||||
Texas Instruments, Inc. | 74,900 | 13,048,329 | ||||||
39,144,025 | ||||||||
Materials — 4.7% | ||||||||
Linde PLC | 30,034 | 13,945,387 | ||||||
Real Estate — 4.6% | ||||||||
American Tower Corp. | 68,938 | 13,621,459 | ||||||
TOTAL COMMON STOCK (Cost $229,315,315) | 284,433,180 | |||||||
TOTAL EQUITIES (Cost $229,315,315) | 284,433,180 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $229,315,315) | 284,433,180 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 2.2% | ||||||||
Repurchase Agreement — 2.2% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (a) | $ | 6,361,775 | 6,361,775 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $6,361,775) | 6,361,775 | |||||||
TOTAL INVESTMENTS — 99.2% (Cost $235,677,090) (b) | 290,794,955 | |||||||
Other Assets/(Liabilities) — 0.8% | 2,397,856 | |||||||
NET ASSETS — 100.0% | $ | 293,192,811 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Maturity value of $6,362,906. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $6,489,034. |
(b) | See Note 3 for aggregate cost for federal tax purposes. |
MML Foreign Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.9% | ||||||||
COMMON STOCK — 98.3% | ||||||||
Australia — 4.7% | ||||||||
BHP Group Ltd. | 22,900 | $ | 661,333 | |||||
Glencore PLC | 283,000 | 1,556,910 | ||||||
Macquarie Group Ltd. | 16,000 | 2,082,419 | ||||||
Santos Ltd. | 399,800 | 2,019,319 | ||||||
Sonic Healthcare Ltd. | 57,600 | 1,103,857 | ||||||
Westpac Banking Corp. | 30,800 | 524,584 | ||||||
Whitehaven Coal Ltd. | 105,300 | 487,205 | ||||||
8,435,627 | ||||||||
Belgium — 3.7% | ||||||||
Anheuser-Busch InBev SA | 52,400 | 3,187,412 | ||||||
Groupe Bruxelles Lambert NV | 14,200 | 1,073,917 | ||||||
KBC Group NV | 22,800 | 1,713,109 | ||||||
Liberty Global Ltd. Class C (a) | 37,200 | 656,208 | ||||||
6,630,646 | ||||||||
Canada — 0.8% | ||||||||
CCL Industries, Inc. Class B (b) | 17,900 | 914,855 | ||||||
TFI International, Inc. (b) | 2,800 | 446,495 | ||||||
1,361,350 | ||||||||
Denmark — 0.5% | ||||||||
Novo Nordisk AS Class B | 7,200 | 922,291 | ||||||
France — 9.8% | ||||||||
Accor SA | 41,100 | 1,918,577 | ||||||
Amundi SA (c) | 20,500 | 1,406,498 | ||||||
Capgemini SE | 10,600 | 2,444,283 | ||||||
Cie de Saint-Gobain SA | 17,500 | 1,357,052 | ||||||
Engie SA | 31,500 | 529,350 | ||||||
Rexel SA | 16,300 | 439,877 | ||||||
Societe Generale SA | 64,800 | 1,743,411 | ||||||
Sodexo SA | 16,000 | 1,371,864 | ||||||
Teleperformance SE | 5,900 | 572,121 | ||||||
TotalEnergies SE (b) | 39,100 | 2,688,516 | ||||||
Veolia Environnement SA | 90,612 | 2,939,708 | ||||||
17,411,257 | ||||||||
Germany — 10.9% | ||||||||
Allianz SE Registered | 6,400 | 1,917,984 | ||||||
BASF SE | 21,300 | 1,216,349 | ||||||
Deutsche Boerse AG | 8,100 | 1,657,343 | ||||||
Deutsche Post AG Registered | 46,800 | 2,015,370 | ||||||
Heidelberg Materials AG | 23,700 | 2,606,921 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Infineon Technologies AG | 56,500 | $ | 1,920,757 | |||||
K&S AG Registered | 31,500 | 491,333 | ||||||
SAP SE | 19,600 | 3,815,986 | ||||||
Siemens AG Registered | 14,100 | 2,691,761 | ||||||
Zalando SE (a) (c) | 38,400 | 1,097,445 | ||||||
19,431,249 | ||||||||
Hong Kong — 0.7% | ||||||||
CK Asset Holdings Ltd. | 282,200 | 1,162,535 | ||||||
Ireland — 3.9% | ||||||||
AerCap Holdings NV (a) | 27,800 | 2,416,098 | ||||||
AIB Group PLC | 320,400 | 1,625,012 | ||||||
Smurfit Kappa Group PLC | 63,100 | 2,878,475 | ||||||
6,919,585 | ||||||||
Israel — 1.0% | ||||||||
Check Point Software Technologies Ltd. (a) | 10,900 | 1,787,709 | ||||||
Italy — 0.3% | ||||||||
Prysmian SpA | 11,400 | 595,367 | ||||||
Japan — 20.6% | ||||||||
Astellas Pharma, Inc. | 128,700 | 1,383,104 | ||||||
Canon, Inc. (b) | 42,800 | 1,274,067 | ||||||
Denka Co. Ltd. (b) | 7,400 | 115,307 | ||||||
FANUC Corp. | 58,500 | 1,636,182 | ||||||
Fujitsu Ltd. | 157,000 | 2,513,964 | ||||||
Hitachi Ltd. | 34,900 | 3,187,756 | ||||||
Kyocera Corp. | 153,200 | 2,046,233 | ||||||
Nintendo Co. Ltd. | 38,900 | 2,129,109 | ||||||
Olympus Corp. | 93,300 | 1,342,260 | ||||||
ORIX Corp. | 128,500 | 2,809,562 | ||||||
Rakuten Group, Inc. (a) | 288,400 | 1,636,536 | ||||||
Renesas Electronics Corp. | 84,900 | 1,519,570 | ||||||
SBI Holdings, Inc. | 91,800 | 2,405,983 | ||||||
Seven & i Holdings Co. Ltd. | 192,000 | 2,794,707 | ||||||
Sony Group Corp. | 36,700 | 3,145,283 | ||||||
Square Enix Holdings Co. Ltd. | 16,200 | 623,372 | ||||||
Sumitomo Mitsui Financial Group, Inc. | 49,800 | 2,911,331 | ||||||
Toyota Industries Corp. | 30,500 | 3,188,307 | ||||||
36,662,633 | ||||||||
Luxembourg — 0.9% | ||||||||
ArcelorMittal SA | 58,400 | 1,604,398 | ||||||
Eurofins Scientific SE | 1,200 | 76,486 | ||||||
1,680,884 | ||||||||
Netherlands — 5.1% | ||||||||
ASML Holding NV | 2,400 | 2,304,199 | ||||||
EXOR NV | 4,900 | 544,569 | ||||||
Heineken Holding NV | 22,800 | 1,839,384 | ||||||
ING Groep NV Series N | 81,900 | 1,348,819 | ||||||
Koninklijke Philips NV (a) | 18,509 | 371,159 | ||||||
Pluxee NV (a) | 16,000 | 472,968 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Shell PLC | 67,300 | $ | 2,232,916 | |||||
9,114,014 | ||||||||
Norway — 1.2% | ||||||||
Aker BP ASA | 65,573 | 1,638,773 | ||||||
DNB Bank ASA | 23,300 | 462,532 | ||||||
2,101,305 | ||||||||
Republic of Korea — 2.0% | ||||||||
Samsung Electronics Co. Ltd. | 60,700 | 3,634,402 | ||||||
Singapore — 1.4% | ||||||||
DBS Group Holdings Ltd. | 92,600 | 2,476,790 | ||||||
Sweden — 2.3% | ||||||||
Essity AB Class B (b) | 75,900 | 1,802,490 | ||||||
Husqvarna AB Class B | 43,000 | 367,976 | ||||||
Skandinaviska Enskilda Banken AB Class A | 108,000 | 1,460,752 | ||||||
Volvo AB Class B (b) | 20,798 | 563,272 | ||||||
4,194,490 | ||||||||
Switzerland — 3.1% | ||||||||
ABB Ltd. Registered | 13,200 | 612,648 | ||||||
Cie Financiere Richemont SA Registered Class A | 14,000 | 2,141,639 | ||||||
Julius Baer Group Ltd. | 16,400 | 946,693 | ||||||
Novartis AG Registered | 19,000 | 1,840,043 | ||||||
5,541,023 | ||||||||
United Kingdom — 17.1% | ||||||||
Ashtead Group PLC | 23,600 | 1,677,514 | ||||||
Aviva PLC | 177,076 | 1,111,273 | ||||||
Barratt Developments PLC | 135,100 | 812,488 | ||||||
BP PLC | 449,000 | 2,821,217 | ||||||
Bunzl PLC | 25,700 | 989,671 | ||||||
Burberry Group PLC | 30,800 | 472,518 | ||||||
CK Hutchison Holdings Ltd. | 461,500 | 2,231,129 | ||||||
DCC PLC | 28,500 | 2,074,622 | ||||||
Dowlais Group PLC | 325,896 | 320,773 | ||||||
Entain PLC | 80,100 | 805,163 | ||||||
Inchcape PLC | 121,700 | 1,113,934 | ||||||
Informa PLC | 76,800 | 805,190 | ||||||
Kingfisher PLC | 171,900 | 540,691 | ||||||
Legal & General Group PLC | 609,700 | 1,955,980 | ||||||
Lloyds Banking Group PLC | 4,364,100 | 2,856,724 | ||||||
Pearson PLC | 52,400 | 688,820 | ||||||
Persimmon PLC | 46,700 | 774,850 | ||||||
Reckitt Benckiser Group PLC | 36,900 | 2,099,203 | ||||||
Smith & Nephew PLC | 153,600 | 1,942,335 | ||||||
Tesco PLC | 567,005 | 2,121,791 | ||||||
Unilever PLC | 46,400 | 2,330,029 | ||||||
30,545,915 | ||||||||
United States — 8.3% | ||||||||
CNH Industrial NV | 140,700 | 1,823,472 | ||||||
GSK PLC | 103,300 | 2,218,569 |
MML Foreign Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Linde PLC | 3,700 | $ | 1,717,984 | |||||
Nestle SA Registered | 25,100 | 2,665,128 | ||||||
Roche Holding AG | 12,800 | 3,267,544 | ||||||
Sanofi SA | 22,800 | 2,237,076 | ||||||
Stellantis NV | 30,800 | 875,407 | ||||||
14,805,180 | ||||||||
TOTAL COMMON STOCK (Cost $158,971,257) | 175,414,252 | |||||||
PREFERRED STOCK — 0.6% | ||||||||
Germany — 0.6% | ||||||||
Henkel AG & Co. KGaA 2.487% | ||||||||
13,200 | 1,060,849 | |||||||
TOTAL PREFERRED STOCK (Cost $1,030,124) | 1,060,849 | |||||||
TOTAL EQUITIES (Cost $160,001,381) | 176,475,101 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $160,001,381) | 176,475,101 | |||||||
SHORT-TERM INVESTMENTS — 2.1% | ||||||||
Investment of Cash Collateral from Securities Loaned — 2.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 3,741,838 | 3,741,838 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,741,838) | 3,741,838 | |||||||
TOTAL INVESTMENTS — 101.0% (Cost $163,743,219) (e) | 180,216,939 | |||||||
Other Assets/(Liabilities) — (1.0)% | (1,832,598) | |||||||
NET ASSETS — 100.0% | $ | 178,384,341 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $6,560,744 or 3.68% of net assets. The Fund received $3,165,410 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At March 31, 2024, the aggregate market value of these securities amounted to $2,503,943 or 1.40% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Fundamental Equity Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 96.6% | ||||||||
COMMON STOCK — 96.6% | ||||||||
Communication Services — 11.1% | ||||||||
Alphabet, Inc. Class A (a) | 39,082 | $ | 5,898,646 | |||||
Meta Platforms, Inc. Class A | 8,471 | 4,113,348 | ||||||
Netflix, Inc. (a) | 1,994 | 1,211,016 | ||||||
T-Mobile US, Inc. | 6,252 | 1,020,452 | ||||||
Verizon Communications, Inc. | 65,514 | 2,748,968 | ||||||
Walt Disney Co. | 13,076 | 1,599,979 | ||||||
16,592,409 | ||||||||
Consumer Discretionary — 7.4% | ||||||||
Amazon.com, Inc. (a) | 32,756 | 5,908,527 | ||||||
Aptiv PLC (a) | 3,752 | 298,847 | ||||||
Lowe's Cos., Inc. | 3,149 | 802,145 | ||||||
Mobileye Global, Inc. Class A (a) (b) | 23,104 | 742,794 | ||||||
Starbucks Corp. | 14,040 | 1,283,115 | ||||||
Tesla, Inc. (a) | 2,941 | 516,998 | ||||||
Valvoline, Inc. (a) | 33,417 | 1,489,396 | ||||||
11,041,822 | ||||||||
Consumer Staples — 6.3% | ||||||||
Constellation Brands, Inc. Class A | 11,673 | 3,172,254 | ||||||
Coty, Inc. Class A (a) | 73,020 | 873,319 | ||||||
Philip Morris International, Inc. | 34,264 | 3,139,268 | ||||||
Walmart, Inc. | 36,122 | 2,173,461 | ||||||
9,358,302 | ||||||||
Energy — 4.0% | ||||||||
Chevron Corp. | 7,002 | 1,104,495 | ||||||
Exxon Mobil Corp. | 34,758 | 4,040,270 | ||||||
Marathon Oil Corp. | 30,441 | 862,698 | ||||||
6,007,463 | ||||||||
Financials — 14.2% | ||||||||
American Express Co. | 13,442 | 3,060,609 | ||||||
American International Group, Inc. | 32,201 | 2,517,152 | ||||||
Arthur J Gallagher & Co. | 4,611 | 1,152,934 | ||||||
Charles Schwab Corp. | 33,322 | 2,410,514 | ||||||
Equitable Holdings, Inc. | 50,847 | 1,932,695 | ||||||
Fiserv, Inc. (a) | 14,543 | 2,324,262 | ||||||
JP Morgan Chase & Co. | 18,558 | 3,717,167 | ||||||
M&T Bank Corp. | 4,306 | 626,265 | ||||||
Mastercard, Inc. Class A | 4,372 | 2,105,424 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Wells Fargo & Co. | 23,924 | $ | 1,386,635 | |||||
21,233,657 | ||||||||
Health Care — 14.2% | ||||||||
Becton Dickinson & Co. | 5,782 | 1,430,756 | ||||||
Biogen, Inc. (a) | 2,558 | 551,582 | ||||||
Boston Scientific Corp. (a) | 21,333 | 1,461,097 | ||||||
Eli Lilly & Co. | 3,287 | 2,557,154 | ||||||
Gilead Sciences, Inc. | 23,192 | 1,698,814 | ||||||
HCA Healthcare, Inc. | 5,635 | 1,879,442 | ||||||
Lonza Group AG Registered | 2,739 | 1,639,950 | ||||||
Merck & Co., Inc. | 19,699 | 2,599,283 | ||||||
Tenet Healthcare Corp. (a) | 14,723 | 1,547,535 | ||||||
UnitedHealth Group, Inc. | 6,221 | 3,077,529 | ||||||
Zimmer Biomet Holdings, Inc. | 21,140 | 2,790,057 | ||||||
21,233,199 | ||||||||
Industrials — 8.8% | ||||||||
Emerson Electric Co. | 19,249 | 2,183,222 | ||||||
Equifax, Inc. | 8,301 | 2,220,683 | ||||||
Hubbell, Inc. | 4,532 | 1,881,007 | ||||||
Huntington Ingalls Industries, Inc. | 2,516 | 733,339 | ||||||
Otis Worldwide Corp. | 11,123 | 1,104,180 | ||||||
Paylocity Holding Corp. (a) | 6,334 | 1,088,561 | ||||||
Uber Technologies, Inc. (a) | 16,704 | 1,286,041 | ||||||
United Parcel Service, Inc. Class B | 17,503 | 2,601,471 | ||||||
13,098,504 | ||||||||
Information Technology — 25.7% | ||||||||
Amdocs Ltd. | 14,458 | 1,306,569 | ||||||
Apple, Inc. | 39,411 | 6,758,198 | ||||||
Applied Materials, Inc. | 14,056 | 2,898,769 | ||||||
Autodesk, Inc. (a) | 5,821 | 1,515,905 | ||||||
Dell Technologies, Inc. Class C | 6,537 | 745,937 | ||||||
Microsoft Corp. | 27,619 | 11,619,866 | ||||||
NVIDIA Corp. | 9,105 | 8,226,914 | ||||||
ServiceNow, Inc. (a) | 3,342 | 2,547,941 | ||||||
Texas Instruments, Inc. | 7,844 | 1,366,503 | ||||||
Tyler Technologies, Inc. (a) | 3,020 | 1,283,530 | ||||||
38,270,132 | ||||||||
Materials — 1.5% | ||||||||
CRH PLC | 9,520 | 821,195 | ||||||
DuPont de Nemours, Inc. | 17,403 | 1,334,288 | ||||||
2,155,483 | ||||||||
Real Estate — 1.7% | ||||||||
Prologis, Inc. | 19,555 | 2,546,452 | ||||||
Utilities — 1.7% | ||||||||
Ameren Corp. | 7,801 | 576,962 | ||||||
Atmos Energy Corp. | 8,919 | 1,060,201 |
MML Fundamental Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
FirstEnergy Corp. | 22,040 | $ | 851,185 | |||||
2,488,348 | ||||||||
TOTAL COMMON STOCK (Cost $111,727,945) | 144,025,771 | |||||||
TOTAL EQUITIES (Cost $111,727,945) | 144,025,771 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $111,727,945) | 144,025,771 | |||||||
SHORT-TERM INVESTMENTS — 3.0% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 762,432 | 762,432 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 2.5% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d) | $ | 3,752,079 | 3,752,079 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $4,514,511) | 4,514,511 | |||||||
TOTAL INVESTMENTS — 99.6% (Cost $116,242,456) (e) | 148,540,282 | |||||||
Other Assets/(Liabilities) — 0.4% | 646,250 | |||||||
NET ASSETS — 100.0% | $ | 149,186,532 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $742,794 or 0.50% of net assets. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $3,752,746. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $3,827,159. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Fundamental Value Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.2% | ||||||||
COMMON STOCK — 99.2% | ||||||||
Communication Services — 5.6% | ||||||||
Alphabet, Inc. Class A (a) | 34,931 | $ | 5,272,136 | |||||
Omnicom Group, Inc. | 18,879 | 1,826,732 | ||||||
T-Mobile US, Inc. | 14,348 | 2,341,881 | ||||||
Take-Two Interactive Software, Inc. (a) | 4,007 | 594,999 | ||||||
10,035,748 | ||||||||
Consumer Discretionary — 4.9% | ||||||||
AutoNation, Inc. (a) | 5,761 | 953,906 | ||||||
AutoZone, Inc. (a) | 991 | 3,123,285 | ||||||
Booking Holdings, Inc. | 390 | 1,414,873 | ||||||
LKQ Corp. | 9,674 | 516,688 | ||||||
MGM Resorts International (a) | 32,856 | 1,551,132 | ||||||
Ulta Beauty, Inc. (a) | 2,063 | 1,078,702 | ||||||
8,638,586 | ||||||||
Consumer Staples — 8.4% | ||||||||
Coca-Cola Europacific Partners PLC | 14,913 | 1,043,164 | ||||||
J. M. Smucker Co. | 11,073 | 1,393,759 | ||||||
Kenvue, Inc. | 77,388 | 1,660,746 | ||||||
Keurig Dr Pepper, Inc. | 28,096 | 861,704 | ||||||
Philip Morris International, Inc. | 32,326 | 2,961,708 | ||||||
Target Corp. | 10,571 | 1,873,287 | ||||||
US Foods Holding Corp (a) | 42,431 | 2,290,001 | ||||||
Walmart, Inc. | 48,186 | 2,899,352 | ||||||
14,983,721 | ||||||||
Energy — 11.4% | ||||||||
BP PLC Sponsored ADR | 41,852 | 1,576,983 | ||||||
Canadian Natural Resources Ltd. | 24,477 | 1,868,085 | ||||||
Cenovus Energy, Inc. | 145,401 | 2,906,566 | ||||||
ConocoPhillips | 20,070 | 2,554,510 | ||||||
Diamondback Energy, Inc. | 9,172 | 1,817,615 | ||||||
Marathon Petroleum Corp. | 15,082 | 3,039,023 | ||||||
Nov, Inc. | 33,672 | 657,277 | ||||||
Peabody Energy Corp. | 29,902 | 725,422 | ||||||
Phillips 66 | 15,699 | 2,564,275 | ||||||
Schlumberger NV | 45,523 | 2,495,116 | ||||||
20,204,872 | ||||||||
Financials — 24.2% | ||||||||
American Express Co. | 11,969 | 2,725,222 | ||||||
Aon PLC Class A | 3,881 | 1,295,167 | ||||||
Arthur J Gallagher & Co. | 4,942 | 1,235,698 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 15,260 | 6,417,135 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Charles Schwab Corp. | 25,991 | $ | 1,880,189 | |||||
Chubb Ltd. | 6,696 | 1,735,135 | ||||||
Corpay, Inc. (a) | 6,066 | 1,871,604 | ||||||
Discover Financial Services | 11,577 | 1,517,629 | ||||||
Fidelity National Information Services, Inc. | 14,930 | 1,107,507 | ||||||
Global Payments, Inc. | 16,493 | 2,204,454 | ||||||
Goldman Sachs Group, Inc. | 4,612 | 1,926,386 | ||||||
Huntington Bancshares, Inc. | 126,849 | 1,769,544 | ||||||
Intercontinental Exchange, Inc. | 10,733 | 1,475,036 | ||||||
JP Morgan Chase & Co. | 39,386 | 7,889,016 | ||||||
LPL Financial Holdings, Inc. | 3,205 | 846,761 | ||||||
Morgan Stanley | 40,357 | 3,800,015 | ||||||
Wells Fargo & Co. | 56,165 | 3,255,323 | ||||||
42,951,821 | ||||||||
Health Care — 14.0% | ||||||||
Abbott Laboratories | 21,237 | 2,413,798 | ||||||
Amgen, Inc. | 7,637 | 2,171,352 | ||||||
Avantor, Inc. (a) | 69,862 | 1,786,371 | ||||||
Bristol-Myers Squibb Co. | 38,341 | 2,079,233 | ||||||
Cencora, Inc. | 10,564 | 2,566,946 | ||||||
Centene Corp. (a) | 25,520 | 2,002,810 | ||||||
Cigna Group | 6,375 | 2,315,336 | ||||||
ICON PLC (a) | 7,398 | 2,485,358 | ||||||
McKesson Corp. | 3,980 | 2,136,663 | ||||||
Sanofi SA ADR | 57,844 | 2,811,218 | ||||||
UnitedHealth Group, Inc. | 4,163 | 2,059,436 | ||||||
24,828,521 | ||||||||
Industrials — 14.3% | ||||||||
Allegion PLC | 8,802 | 1,185,718 | ||||||
Atkore, Inc. | 46 | 8,757 | ||||||
Builders FirstSource, Inc. (a) | 4,357 | 908,652 | ||||||
Deere & Co. | 2,222 | 912,664 | ||||||
Dover Corp. | 4,822 | 854,410 | ||||||
Eaton Corp. PLC | 4,824 | 1,508,368 | ||||||
Fortive Corp. | 20,843 | 1,792,915 | ||||||
General Dynamics Corp. | 9,886 | 2,792,696 | ||||||
Howmet Aerospace, Inc. | 25,170 | 1,722,383 | ||||||
Jacobs Solutions, Inc. | 12,433 | 1,911,325 | ||||||
Leidos Holdings, Inc. | 13,010 | 1,705,481 | ||||||
Masco Corp. | 16,990 | 1,340,171 | ||||||
Norfolk Southern Corp. | 7,758 | 1,977,282 | ||||||
United Rentals, Inc. | 3,219 | 2,321,253 | ||||||
WESCO International, Inc. | 9,779 | 1,674,947 | ||||||
Westinghouse Air Brake Technologies Corp. | 11,229 | 1,635,841 | ||||||
WillScot Mobile Mini Holdings Corp. (a) | 23,782 | 1,105,863 | ||||||
25,358,726 | ||||||||
Information Technology — 12.4% | ||||||||
Advanced Micro Devices, Inc. (a) | 10,351 | 1,868,252 | ||||||
Applied Materials, Inc. | 11,524 | 2,376,595 | ||||||
Cognizant Technology Solutions Corp. Class A | 19,529 | 1,431,280 | ||||||
Dell Technologies, Inc. Class C | 23,504 | 2,682,041 | ||||||
Flex Ltd. (a) | 34,343 | 982,553 | ||||||
Keysight Technologies, Inc. (a) | 3,028 | 473,519 |
MML Fundamental Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Lam Research Corp. | 1,019 | $ | 990,030 | |||||
Microchip Technology, Inc. | 24,311 | 2,180,940 | ||||||
Micron Technology, Inc. | 24,899 | 2,935,343 | ||||||
Nice Ltd. Sponsored ADR (a) (b) | 3,543 | 923,377 | ||||||
NXP Semiconductors NV | 2,973 | 736,620 | ||||||
Oracle Corp. | 29,030 | 3,646,458 | ||||||
QUALCOMM, Inc. | 5,031 | 851,748 | ||||||
22,078,756 | ||||||||
Materials — 2.9% | ||||||||
CRH PLC | 28,825 | 2,486,445 | ||||||
DuPont de Nemours, Inc. | 9,823 | 753,129 | ||||||
Olin Corp. | 11,850 | 696,780 | ||||||
Teck Resources Ltd. Class B | 25,128 | 1,150,360 | ||||||
5,086,714 | ||||||||
Utilities — 1.1% | ||||||||
CenterPoint Energy, Inc. | 26,436 | 753,162 | ||||||
FirstEnergy Corp. | 32,741 | 1,264,457 | ||||||
2,017,619 | ||||||||
TOTAL COMMON STOCK (Cost $128,106,169) | 176,185,084 | |||||||
TOTAL EQUITIES (Cost $128,106,169) | 176,185,084 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $128,106,169) | 176,185,084 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.9% | ||||||||
Repurchase Agreement — 0.9% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (c) | $ | 1,535,497 | 1,535,497 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,535,497) | 1,535,497 | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $129,641,666) (d) | 177,720,581 | |||||||
Other Assets/(Liabilities) — (0.1)% | (114,676) | |||||||
NET ASSETS — 100.0% | $ | 177,605,905 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $913,994 or 0.51% of net assets. The Fund received $948,529 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Maturity value of $1,535,770. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,566,287. |
(d) | See Note 3 for aggregate cost for federal tax purposes. |
MML Global Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.1% | ||||||||
COMMON STOCK — 98.1% | ||||||||
Austria — 0.6% | ||||||||
Erste Group Bank AG | 17,496 | $ | 779,081 | |||||
Canada — 3.6% | ||||||||
Canadian National Railway Co. (a) | 16,268 | 2,142,658 | ||||||
Canadian Pacific Kansas City Ltd. (a) | 30,261 | 2,668,113 | ||||||
4,810,771 | ||||||||
Denmark — 0.6% | ||||||||
Carlsberg AS Class B | 5,383 | 737,541 | ||||||
France — 7.6% | ||||||||
Air Liquide SA | 6,592 | 1,373,779 | ||||||
Capgemini SE | 5,632 | 1,298,698 | ||||||
EssilorLuxottica SA | 2,693 | 610,756 | ||||||
Hermes International SCA | 264 | 676,800 | ||||||
Legrand SA | 15,999 | 1,692,662 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 3,218 | 2,910,479 | ||||||
Pernod Ricard SA | 10,257 | 1,658,447 | ||||||
10,221,621 | ||||||||
Germany — 3.1% | ||||||||
Brenntag SE | 7,182 | 604,992 | ||||||
Deutsche Boerse AG | 3,512 | 718,591 | ||||||
Merck KGaA | 12,154 | 2,145,038 | ||||||
MTU Aero Engines AG | 2,434 | 617,608 | ||||||
4,086,229 | ||||||||
Israel — 1.3% | ||||||||
Check Point Software Technologies Ltd. (b) | 10,199 | 1,672,738 | ||||||
Japan — 2.4% | ||||||||
Hoya Corp. | 4,600 | 575,837 | ||||||
Kubota Corp. | 80,400 | 1,280,255 | ||||||
Olympus Corp. | 93,600 | 1,346,576 | ||||||
3,202,668 | ||||||||
Mexico — 0.3% | ||||||||
Grupo Financiero Banorte SAB de CV Class O | 43,419 | 467,223 | ||||||
Netherlands — 2.2% | ||||||||
Akzo Nobel NV | 13,178 | 982,901 | ||||||
Heineken NV | 20,853 | 2,009,304 | ||||||
2,992,205 |
MML Global Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Republic of Korea — 1.1% | ||||||||
Samsung Electronics Co. Ltd. | 24,954 | $ | 1,494,116 | |||||
Spain — 2.8% | ||||||||
Aena SME SA (c) | 6,544 | 1,288,209 | ||||||
Amadeus IT Group SA | 17,506 | 1,122,696 | ||||||
Cellnex Telecom SA (c) | 36,761 | 1,299,834 | ||||||
3,710,739 | ||||||||
Sweden — 1.0% | ||||||||
Essity AB Class B (a) | 58,019 | 1,377,848 | ||||||
Switzerland — 4.6% | ||||||||
Cie Financiere Richemont SA Registered Class A | 16,145 | 2,469,769 | ||||||
Julius Baer Group Ltd. | 8,265 | 477,099 | ||||||
Sonova Holding AG Registered | 2,366 | 684,802 | ||||||
UBS Group AG Registered | 83,749 | 2,573,925 | ||||||
6,205,595 | ||||||||
United Kingdom — 7.3% | ||||||||
Burberry Group PLC | 46,434 | 712,367 | ||||||
Compass Group PLC | 26,987 | 790,910 | ||||||
Diageo PLC | 68,802 | 2,540,900 | ||||||
Intertek Group PLC | 14,050 | 885,317 | ||||||
London Stock Exchange Group PLC | 9,045 | 1,083,399 | ||||||
Reckitt Benckiser Group PLC | 20,790 | 1,182,722 | ||||||
Rolls-Royce Holdings PLC (b) | 238,598 | 1,283,137 | ||||||
Whitbread PLC | 13,512 | 565,987 | ||||||
WPP PLC | 71,674 | 678,301 | ||||||
9,723,040 | ||||||||
United States — 59.6% | ||||||||
Abbott Laboratories | 14,848 | 1,687,624 | ||||||
Accenture PLC Class A | 5,036 | 1,745,528 | ||||||
Air Products & Chemicals, Inc. | 4,452 | 1,078,586 | ||||||
Alphabet, Inc. Class A (b) | 18,961 | 2,861,784 | ||||||
American Express Co. | 8,899 | 2,026,213 | ||||||
Amphenol Corp. Class A | 10,295 | 1,187,528 | ||||||
Aon PLC Class A | 5,123 | 1,709,648 | ||||||
Aptiv PLC (b) | 10,042 | 799,845 | ||||||
Becton Dickinson & Co. | 7,505 | 1,857,112 | ||||||
Boston Scientific Corp. (b) | 28,654 | 1,962,512 | ||||||
Carrier Global Corp. | 7,042 | 409,351 | ||||||
Charles Schwab Corp. | 40,232 | 2,910,383 | ||||||
Cognizant Technology Solutions Corp. Class A | 12,401 | 908,869 | ||||||
Comcast Corp. Class A | 66,438 | 2,880,087 | ||||||
The Cooper Cos., Inc. | 12,205 | 1,238,319 | ||||||
eBay, Inc. | 17,037 | 899,213 | ||||||
Equifax, Inc. | 3,260 | 872,115 | ||||||
Experian PLC | 32,422 | 1,415,416 | ||||||
Fidelity National Information Services, Inc. | 16,317 | 1,210,395 | ||||||
Fiserv, Inc. (b) | 9,271 | 1,481,691 | ||||||
Goldman Sachs Group, Inc. | 5,990 | 2,501,963 | ||||||
Honeywell International, Inc. | 13,115 | 2,691,854 | ||||||
International Flavors & Fragrances, Inc. | 18,924 | 1,627,275 | ||||||
Linde PLC | 6,189 | 2,873,676 |
MML Global Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Marriott International, Inc. Class A | 4,024 | $ | 1,015,295 | |||||
Medtronic PLC | 35,925 | 3,130,864 | ||||||
Microchip Technology, Inc. | 8,412 | 754,641 | ||||||
Microsoft Corp. | 5,357 | 2,253,797 | ||||||
Nestle SA Registered | 21,553 | 2,288,507 | ||||||
Omnicom Group, Inc. | 3,968 | 383,944 | ||||||
Oracle Corp. | 20,981 | 2,635,423 | ||||||
Otis Worldwide Corp. | 8,150 | 809,051 | ||||||
PPG Industries, Inc. | 9,183 | 1,330,617 | ||||||
Roche Holding AG | 9,610 | 2,453,210 | ||||||
Schneider Electric SE | 15,883 | 3,591,659 | ||||||
Stryker Corp. | 2,188 | 783,020 | ||||||
Thermo Fisher Scientific, Inc. | 5,763 | 3,349,513 | ||||||
TransUnion | 14,063 | 1,122,227 | ||||||
Union Pacific Corp. | 6,639 | 1,632,729 | ||||||
United Parcel Service, Inc. Class B | 6,544 | 972,635 | ||||||
Visa, Inc. Class A | 13,937 | 3,889,538 | ||||||
Walt Disney Co. | 14,763 | 1,806,401 | ||||||
Waters Corp. (b) | 5,338 | 1,837,500 | ||||||
Willis Towers Watson PLC | 10,362 | 2,849,550 | ||||||
79,727,108 | ||||||||
TOTAL COMMON STOCK (Cost $101,410,874) | 131,208,523 | |||||||
TOTAL EQUITIES (Cost $101,410,874) | 131,208,523 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $101,410,874) | 131,208,523 | |||||||
SHORT-TERM INVESTMENTS — 2.5% | ||||||||
Investment of Cash Collateral from Securities Loaned — 2.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 2,696,220 | 2,696,220 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.5% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e) | $ | 590,419 | 590,419 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,286,639) | 3,286,639 | |||||||
TOTAL INVESTMENTS — 100.6% (Cost $104,697,513) (f) | 134,495,162 | |||||||
Other Assets/(Liabilities) — (0.6)% | (743,730) | |||||||
NET ASSETS — 100.0% | $ | 133,751,432 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $6,113,320 or 4.57% of net assets. The Fund received $3,610,651 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(b) | Non-income producing security. |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At March 31, 2024, the aggregate market value of these securities amounted to $2,588,043 or 1.93% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $590,524. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $602,276. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Income & Growth Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.7% | ||||||||
COMMON STOCK — 98.7% | ||||||||
Communication Services — 4.4% | ||||||||
Alphabet, Inc. Class C (a) | 9,256 | $ | 1,409,319 | |||||
Comcast Corp. Class A | 78,269 | 3,392,961 | ||||||
Electronic Arts, Inc. | 8,411 | 1,115,887 | ||||||
T-Mobile US, Inc. | 5,707 | 931,497 | ||||||
6,849,664 | ||||||||
Consumer Discretionary — 4.7% | ||||||||
Aptiv PLC (a) | 9,728 | 774,835 | ||||||
Aramark | 34,788 | 1,131,306 | ||||||
Las Vegas Sands Corp. | 24,437 | 1,263,393 | ||||||
Lithia Motors, Inc. | 2,559 | 769,901 | ||||||
SharkNinja, Inc. | 19,719 | 1,228,297 | ||||||
United Parks & Resorts, Inc. (a) | 18,769 | 1,055,005 | ||||||
Wynn Resorts Ltd. | 11,832 | 1,209,585 | ||||||
7,432,322 | ||||||||
Consumer Staples — 8.3% | ||||||||
Coca-Cola Europacific Partners PLC | 39,047 | 2,731,338 | ||||||
Keurig Dr Pepper, Inc. | 38,891 | 1,192,787 | ||||||
Kraft Heinz Co. | 26,503 | 977,961 | ||||||
Molson Coors Beverage Co. Class B | 17,466 | 1,174,588 | ||||||
Philip Morris International, Inc. | 46,089 | 4,222,674 | ||||||
Procter & Gamble Co. | 9,803 | 1,590,537 | ||||||
Tyson Foods, Inc. Class A | 19,994 | 1,174,247 | ||||||
13,064,132 | ||||||||
Energy — 9.8% | ||||||||
Enbridge, Inc. | 84,048 | 3,040,857 | ||||||
Halliburton Co. | 29,083 | 1,146,452 | ||||||
Hess Corp. | 23,810 | 3,634,358 | ||||||
Phillips 66 | 22,717 | 3,710,595 | ||||||
Pioneer Natural Resources Co. | 4,337 | 1,138,462 | ||||||
Plains GP Holdings LP Class A | 148,615 | 2,712,224 | ||||||
15,382,948 | ||||||||
Financials — 15.7% | ||||||||
Allstate Corp. | 17,407 | 3,011,585 | ||||||
American Express Co. | 3,861 | 879,111 | ||||||
American International Group, Inc. | 15,171 | 1,185,917 | ||||||
Axis Capital Holdings Ltd. | 12,403 | 806,443 | ||||||
Berkshire Hathaway, Inc. Class B (a) | 2,680 | 1,126,994 | ||||||
Chubb Ltd. | 12,761 | 3,306,758 | ||||||
Fidelity National Information Services, Inc. | 58,104 | 4,310,155 | ||||||
JP Morgan Chase & Co. | 12,384 | 2,480,515 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
M&T Bank Corp. | 5,590 | $ | 813,010 | |||||
Northern Trust Corp. | 13,952 | 1,240,612 | ||||||
US Bancorp | 14,652 | 654,944 | ||||||
Wells Fargo & Co. | 61,271 | 3,551,267 | ||||||
Willis Towers Watson PLC | 4,724 | 1,299,100 | ||||||
24,666,411 | ||||||||
Health Care — 16.7% | ||||||||
Avantor, Inc. (a) | 49,940 | 1,276,966 | ||||||
Cigna Group | 6,716 | 2,439,184 | ||||||
CVS Health Corp. | 39,305 | 3,134,967 | ||||||
Elevance Health, Inc. | 2,011 | 1,042,784 | ||||||
Humana, Inc. | 7,806 | 2,706,496 | ||||||
Johnson & Johnson | 5,532 | 875,107 | ||||||
LivaNova PLC (a) | 10,372 | 580,209 | ||||||
Medtronic PLC | 39,598 | 3,450,966 | ||||||
Merck & Co., Inc. | 36,144 | 4,769,201 | ||||||
Sanofi SA ADR | 23,680 | 1,150,848 | ||||||
Smith & Nephew PLC Sponsored ADR (b) | 89,403 | 2,267,260 | ||||||
UnitedHealth Group, Inc. | 4,996 | 2,471,521 | ||||||
26,165,509 | ||||||||
Industrials — 13.1% | ||||||||
AECOM | 11,610 | 1,138,709 | ||||||
AerCap Holdings NV (a) | 17,103 | 1,486,422 | ||||||
BWX Technologies, Inc. | 14,805 | 1,519,289 | ||||||
CACI International, Inc. Class A (a) | 3,247 | 1,230,061 | ||||||
General Dynamics Corp. | 8,844 | 2,498,341 | ||||||
Jacobs Solutions, Inc. | 7,146 | 1,098,555 | ||||||
JB Hunt Transport Services, Inc. | 4,456 | 887,858 | ||||||
Johnson Controls International PLC | 6,100 | 398,452 | ||||||
MDU Resources Group, Inc. | 44,517 | 1,121,828 | ||||||
RTX Corp. | 20,898 | 2,038,182 | ||||||
Stanley Black & Decker, Inc. | 18,833 | 1,844,316 | ||||||
U-Haul Holding Co. | 13,774 | 918,450 | ||||||
Vertiv Holdings Co. Class A | 45,224 | 3,693,444 | ||||||
Vestis Corp. | 33,091 | 637,664 | ||||||
20,511,571 | ||||||||
Information Technology — 7.3% | ||||||||
Broadcom, Inc. | 1,828 | 2,422,850 | ||||||
Ciena Corp. (a) | 10,886 | 538,313 | ||||||
Cognizant Technology Solutions Corp. Class A | 15,480 | 1,134,529 | ||||||
Microchip Technology, Inc. | 11,116 | 997,216 | ||||||
Oracle Corp. | 22,930 | 2,880,237 | ||||||
QUALCOMM, Inc. | 9,271 | 1,569,580 | ||||||
Skyworks Solutions, Inc. | 16,785 | 1,818,151 | ||||||
11,360,876 | ||||||||
Materials — 8.6% | ||||||||
Air Products & Chemicals, Inc. | 15,207 | 3,684,200 | ||||||
Axalta Coating Systems Ltd. (a) | 40,184 | 1,381,928 | ||||||
CRH PLC | 21,685 | 1,870,548 | ||||||
DuPont de Nemours, Inc. | 31,519 | 2,416,562 | ||||||
Element Solutions, Inc. | 46,182 | 1,153,626 | ||||||
International Flavors & Fragrances, Inc. | 18,815 | 1,617,902 |
MML Income & Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Knife River Corp. (a) | 17,186 | $ | 1,393,441 | |||||
13,518,207 | ||||||||
Real Estate — 5.5% | ||||||||
COPT Defense Properties | 31,641 | 764,763 | ||||||
CubeSmart | 17,808 | 805,278 | ||||||
Howard Hughes Holdings, Inc. (a) | 6,765 | 491,274 | ||||||
Mid-America Apartment Communities, Inc. | 14,881 | 1,958,042 | ||||||
Public Storage | 10,989 | 3,187,469 | ||||||
VICI Properties, Inc. | 46,112 | 1,373,677 | ||||||
8,580,503 | ||||||||
Utilities — 4.6% | ||||||||
CenterPoint Energy, Inc. | 32,144 | 915,783 | ||||||
Entergy Corp. | 34,237 | 3,618,166 | ||||||
Pinnacle West Capital Corp. | 35,647 | 2,663,899 | ||||||
7,197,848 | ||||||||
TOTAL COMMON STOCK (Cost $119,878,483) | 154,729,991 | |||||||
TOTAL EQUITIES (Cost $119,878,483) | 154,729,991 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $119,878,483) | 154,729,991 | |||||||
SHORT-TERM INVESTMENTS — 2.0% | ||||||||
Investment of Cash Collateral from Securities Loaned — 1.1% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 1,625,546 | 1,625,546 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.9% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d) | $ | 1,461,797 | 1,461,797 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,087,343) | 3,087,343 | |||||||
TOTAL INVESTMENTS — 100.7% (Cost $122,965,826) (e) | 157,817,334 | |||||||
Other Assets/(Liabilities) — (0.7)% | (1,088,706) | |||||||
NET ASSETS — 100.0% | $ | 156,728,628 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $1,585,533 or 1.01% of net assets. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $1,462,056. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,491,144. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML International Equity Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.6% | ||||||||
COMMON STOCK — 98.0% | ||||||||
Australia — 1.2% | ||||||||
Brambles Ltd. | 20,000 | $ | 210,882 | |||||
Glencore PLC | 274,544 | 1,510,390 | ||||||
Rio Tinto PLC | 20,442 | 1,297,159 | ||||||
3,018,431 | ||||||||
Belgium — 1.2% | ||||||||
Anheuser-Busch InBev SA | 16,500 | 1,003,670 | ||||||
KBC Group NV | 14,565 | 1,094,361 | ||||||
Liberty Global Ltd. Class A (a) | 41,300 | 698,796 | ||||||
2,796,827 | ||||||||
Canada — 3.2% | ||||||||
Canadian National Railway Co. (b) | 17,684 | 2,329,160 | ||||||
Intact Financial Corp. | 7,267 | 1,180,488 | ||||||
Open Text Corp. (b) | 32,200 | 1,249,442 | ||||||
Suncor Energy, Inc. | 40,435 | 1,492,264 | ||||||
Toronto-Dominion Bank | 26,891 | 1,622,930 | ||||||
7,874,284 | ||||||||
China — 2.9% | ||||||||
Alibaba Group Holding Ltd. | 153,540 | 1,385,670 | ||||||
NetEase, Inc. | 58,400 | 1,213,661 | ||||||
Prosus NV | 66,416 | 2,081,224 | ||||||
Tencent Holdings Ltd. | 43,900 | 1,713,184 | ||||||
Yum China Holdings, Inc. | 16,911 | 672,889 | ||||||
7,066,628 | ||||||||
Denmark — 2.9% | ||||||||
Carlsberg AS Class B | 13,816 | 1,892,972 | ||||||
DSV AS | 6,690 | 1,087,027 | ||||||
Novo Nordisk AS Class B | 33,050 | 4,233,570 | ||||||
7,213,569 | ||||||||
France — 15.9% | ||||||||
Accor SA | 28,400 | 1,325,732 | ||||||
Air Liquide SA | 24,903 | 5,189,809 | ||||||
BNP Paribas SA | 44,976 | 3,200,862 | ||||||
Capgemini SE | 20,347 | 4,691,870 | ||||||
Cie de Saint-Gobain SA | 27,691 | 2,147,321 | ||||||
Cie Generale des Etablissements Michelin SCA Class A | 41,476 | 1,590,192 | ||||||
Danone SA | 16,000 | 1,033,829 | ||||||
Dassault Systemes SE | 20,636 | 912,755 | ||||||
Edenred SE | 35,588 | 1,897,260 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Engie SA | 130,181 | $ | 2,187,661 | |||||
EssilorLuxottica SA | 12,530 | 2,841,730 | ||||||
Kering SA | 5,325 | 2,104,782 | ||||||
Legrand SA | 14,852 | 1,571,311 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 4,527 | 4,094,387 | ||||||
Pernod Ricard SA | 12,413 | 2,007,049 | ||||||
Publicis Groupe SA | 6,816 | 742,801 | ||||||
Valeo SE | 64,184 | 801,885 | ||||||
Worldline SA (a) (c) | 63,200 | 782,459 | ||||||
39,123,695 | ||||||||
Germany — 14.5% | ||||||||
adidas AG | 5,065 | 1,131,382 | ||||||
Allianz SE Registered | 6,210 | 1,861,044 | ||||||
Bayer AG Registered | 86,994 | 2,667,936 | ||||||
Bayerische Motoren Werke AG | 15,600 | 1,799,947 | ||||||
Beiersdorf AG | 21,831 | 3,178,488 | ||||||
Brenntag SE | 11,190 | 942,615 | ||||||
Continental AG | 25,135 | 1,814,233 | ||||||
Daimler Truck Holding AG | 33,390 | 1,691,431 | ||||||
Deutsche Boerse AG | 14,071 | 2,879,070 | ||||||
Fresenius Medical Care AG | 54,600 | 2,099,865 | ||||||
Fresenius SE & Co. KGaA | 62,000 | 1,672,109 | ||||||
Henkel AG & Co. KGaA | 11,500 | 828,259 | ||||||
Mercedes Benz Group AG | 29,858 | 2,378,287 | ||||||
Merck KGaA | 16,020 | 2,827,341 | ||||||
MTU Aero Engines AG | 3,930 | 997,206 | ||||||
SAP SE | 27,130 | 5,282,025 | ||||||
Siemens AG Registered | 6,435 | 1,228,474 | ||||||
thyssenkrupp AG | 83,574 | 448,479 | ||||||
35,728,191 | ||||||||
Hong Kong — 2.3% | ||||||||
AIA Group Ltd. | 326,600 | 2,191,809 | ||||||
Prudential PLC | 356,389 | 3,352,382 | ||||||
5,544,191 | ||||||||
India — 1.0% | ||||||||
Axis Bank Ltd. | 41,882 | 526,589 | ||||||
HDFC Bank Ltd. ADR | 31,855 | 1,782,924 | ||||||
2,309,513 | ||||||||
Indonesia — 0.1% | ||||||||
Bank Mandiri Persero Tbk. PT | 382,700 | 175,203 | ||||||
Ireland — 0.5% | ||||||||
AIB Group PLC | 207,904 | 1,054,452 | ||||||
Smurfit Kappa Group PLC | 4,100 | 187,033 | ||||||
1,241,485 | ||||||||
Israel — 0.6% | ||||||||
Check Point Software Technologies Ltd. (a) | 9,476 | 1,554,159 | ||||||
Italy — 4.2% | ||||||||
Eni SpA | 119,774 | 1,899,021 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Intesa Sanpaolo SpA | 1,288,329 | $ | 4,674,279 | |||||
Ryanair Holdings PLC Sponsored ADR | 26,204 | 3,815,040 | ||||||
10,388,340 | ||||||||
Japan — 11.5% | ||||||||
Daikin Industries Ltd. | 13,000 | 1,778,269 | ||||||
Denso Corp. | 125,700 | 2,405,159 | ||||||
Fujitsu Ltd. | 60,000 | 960,751 | ||||||
Hitachi Ltd. | 50,300 | 4,594,388 | ||||||
Hoya Corp. | 10,800 | 1,351,965 | ||||||
Komatsu Ltd. | 24,200 | 716,618 | ||||||
Kose Corp. | 13,300 | 720,307 | ||||||
Kubota Corp. | 42,100 | 670,382 | ||||||
Kyocera Corp. | 124,200 | 1,658,892 | ||||||
Mitsubishi Electric Corp. | 103,400 | 1,733,140 | ||||||
Olympus Corp. | 109,900 | 1,581,076 | ||||||
Recruit Holdings Co. Ltd. | 13,800 | 607,919 | ||||||
Seven & i Holdings Co. Ltd. | 118,200 | 1,720,492 | ||||||
Shin-Etsu Chemical Co. Ltd. | 30,800 | 1,351,378 | ||||||
SMC Corp. | 3,300 | 1,862,066 | ||||||
Sony Group Corp. | 24,100 | 2,065,431 | ||||||
Terumo Corp. | 89,000 | 1,631,315 | ||||||
ZOZO, Inc. (b) | 39,500 | 980,256 | ||||||
28,389,804 | ||||||||
Luxembourg — 0.5% | ||||||||
Eurofins Scientific SE | 19,000 | 1,209,971 | ||||||
Netherlands — 2.0% | ||||||||
Akzo Nobel NV | 11,435 | 852,896 | ||||||
EXOR NV | 11,450 | 1,272,515 | ||||||
ING Groep NV Series N | 171,436 | 2,823,397 | ||||||
4,948,808 | ||||||||
Portugal — 0.5% | ||||||||
Galp Energia SGPS SA | 79,396 | 1,314,240 | ||||||
Republic of Korea — 1.2% | ||||||||
NAVER Corp. | 9,395 | 1,306,215 | ||||||
Samsung Electronics Co. Ltd. GDR (c) | 1,146 | 1,703,054 | ||||||
3,009,269 | ||||||||
Singapore — 0.8% | ||||||||
DBS Group Holdings Ltd. | 74,200 | 1,984,641 | ||||||
Spain — 1.1% | ||||||||
Amadeus IT Group SA | 43,124 | 2,765,632 | ||||||
Sweden — 1.0% | ||||||||
Sandvik AB | 30,100 | 667,861 | ||||||
SKF AB Class B (b) | 51,100 | 1,041,573 | ||||||
Volvo AB Class B (b) | 30,670 | 830,635 | ||||||
2,540,069 | ||||||||
Switzerland — 7.5% | ||||||||
Cie Financiere Richemont SA Registered Class A | 25,218 | 3,857,704 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Julius Baer Group Ltd. | 17,568 | $ | 1,014,116 | |||||
Novartis AG Registered | 39,247 | 3,800,850 | ||||||
Schindler Holding AG | 1,980 | 498,521 | ||||||
Sika AG Registered | 4,400 | 1,310,126 | ||||||
Sonova Holding AG Registered | 3,740 | 1,082,486 | ||||||
Swatch Group AG (b) | 4,055 | 940,933 | ||||||
UBS Group AG Registered | 104,626 | 3,215,555 | ||||||
Zurich Insurance Group AG | 4,941 | 2,664,092 | ||||||
18,384,383 | ||||||||
Taiwan — 1.1% | ||||||||
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR | 19,694 | 2,679,369 | ||||||
United Kingdom — 10.1% | ||||||||
Ashtead Group PLC | 15,300 | 1,087,541 | ||||||
Bunzl PLC | 4,300 | 165,587 | ||||||
Compass Group PLC | 145,410 | 4,261,541 | ||||||
Diageo PLC | 53,240 | 1,966,186 | ||||||
Informa PLC | 46,282 | 485,232 | ||||||
Lloyds Banking Group PLC | 4,403,784 | 2,882,701 | ||||||
London Stock Exchange Group PLC | 17,810 | 2,133,259 | ||||||
Reckitt Benckiser Group PLC | 18,080 | 1,028,553 | ||||||
RELX PLC | 70,277 | 3,036,602 | ||||||
Rolls-Royce Holdings PLC (a) | 469,586 | 2,525,349 | ||||||
Schroders PLC | 327,417 | 1,559,834 | ||||||
Smith & Nephew PLC | 27,200 | 343,955 | ||||||
Smiths Group PLC | 22,100 | 458,503 | ||||||
Tesco PLC | 366,829 | 1,372,712 | ||||||
WPP PLC | 155,492 | 1,471,529 | ||||||
24,779,084 | ||||||||
United States — 10.2% | ||||||||
CNH Industrial NV | 218,653 | 2,833,743 | ||||||
Experian PLC | 69,784 | 3,046,493 | ||||||
Holcim AG | 9,649 | 878,143 | ||||||
Linde PLC | 5,838 | 2,710,700 | ||||||
Nestle SA Registered | 41,111 | 4,365,183 | ||||||
Qiagen NV | 32,934 | 1,408,345 | ||||||
Roche Holding AG | 17,599 | 4,492,617 | ||||||
Schneider Electric SE | 24,046 | 5,437,576 | ||||||
25,172,800 | ||||||||
TOTAL COMMON STOCK (Cost $224,386,502) | 241,212,586 | |||||||
PREFERRED STOCK — 0.6% | ||||||||
Republic of Korea — 0.6% | ||||||||
Samsung Electronics Co. Ltd. 2.312% | 28,500 | 1,423,071 |
MML International Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
TOTAL PREFERRED STOCK (Cost $1,435,803) | $ | 1,423,071 | ||||||
TOTAL EQUITIES (Cost $225,822,305) | 242,635,657 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $225,822,305) | 242,635,657 | |||||||
SHORT-TERM INVESTMENTS — 2.0% | ||||||||
Investment of Cash Collateral from Securities Loaned — 1.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (d) | 2,939,988 | 2,939,988 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.8% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e) | $ | 1,952,312 | 1,952,312 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $4,892,300) | 4,892,300 | |||||||
TOTAL INVESTMENTS — 100.6% (Cost $230,714,605) (f) | 247,527,957 | |||||||
Other Assets/(Liabilities) — (0.6)% | (1,364,187) | |||||||
NET ASSETS — 100.0% | $ | 246,163,770 |
Abbreviation Legend
ADR | American Depositary Receipt |
GDR | Global Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $5,067,503 or 2.06% of net assets. The Fund received $2,431,394 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At March 31, 2024, the aggregate market value of these securities amounted to $2,485,513 or 1.01% of net assets. |
(d) | Represents investment of security lending cash collateral. (Note 2). |
(e) | Maturity value of $1,952,659. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,991,549. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
MML Large Cap Growth Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 95.8% | ||||||||
COMMON STOCK — 95.8% | ||||||||
Communication Services — 21.9% | ||||||||
Alphabet, Inc. Class A (a) | 54,673 | $ | 8,251,796 | |||||
Alphabet, Inc. Class C (a) | 26,073 | 3,969,875 | ||||||
Meta Platforms, Inc. Class A | 32,248 | 15,658,984 | ||||||
Netflix, Inc. (a) | 16,365 | 9,938,955 | ||||||
Walt Disney Co. | 58,562 | 7,165,646 | ||||||
44,985,256 | ||||||||
Consumer Discretionary — 14.0% | ||||||||
Alibaba Group Holding Ltd. Sponsored ADR | 19,087 | 1,381,135 | ||||||
Amazon.com, Inc. (a) | 65,962 | 11,898,226 | ||||||
Starbucks Corp. | 32,531 | 2,973,008 | ||||||
Tesla, Inc. (a) | 54,541 | 9,587,763 | ||||||
Yum China Holdings, Inc. | 18,661 | 742,521 | ||||||
Yum! Brands, Inc. | 15,948 | 2,211,190 | ||||||
28,793,843 | ||||||||
Consumer Staples — 2.8% | ||||||||
Monster Beverage Corp. (a) | 96,075 | 5,695,326 | ||||||
Financials — 9.9% | ||||||||
Block, Inc. (a) | 29,296 | 2,477,856 | ||||||
FactSet Research Systems, Inc. | 6,072 | 2,759,056 | ||||||
PayPal Holdings, Inc. (a) | 26,565 | 1,779,589 | ||||||
SEI Investments Co. | 34,588 | 2,486,877 | ||||||
Visa, Inc. Class A | 38,624 | 10,779,186 | ||||||
20,282,564 | ||||||||
Health Care — 12.5% | ||||||||
Illumina, Inc. (a) | 17,124 | 2,351,468 | ||||||
Intuitive Surgical, Inc. (a) | 7,035 | 2,807,598 | ||||||
Novartis AG Sponsored ADR | 23,046 | 2,229,240 | ||||||
Novo Nordisk AS Sponsored ADR | 34,644 | 4,448,290 | ||||||
Regeneron Pharmaceuticals, Inc. (a) | 4,547 | 4,376,442 | ||||||
Roche Holding AG Sponsored ADR (b) | 52,426 | 1,673,438 | ||||||
Thermo Fisher Scientific, Inc. | 4,754 | 2,763,072 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 12,225 | 5,110,172 | ||||||
25,759,720 | ||||||||
Industrials — 6.7% | ||||||||
Boeing Co. (a) | 51,357 | 9,911,387 | ||||||
Deere & Co. | 2,842 | 1,167,323 | ||||||
Expeditors International of Washington, Inc. | 23,045 | 2,801,581 | ||||||
13,880,291 |
MML Large Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Information Technology — 28.0% | ||||||||
Autodesk, Inc. (a) | 23,244 | $ | 6,053,202 | |||||
Microsoft Corp. | 24,803 | 10,435,118 | ||||||
NVIDIA Corp. | 17,266 | 15,600,867 | ||||||
Oracle Corp. | 69,873 | 8,776,748 | ||||||
QUALCOMM, Inc. | 22,308 | 3,776,744 | ||||||
Salesforce, Inc. | 23,333 | 7,027,433 | ||||||
Shopify, Inc. Class A (a) | 48,571 | 3,748,224 | ||||||
Workday, Inc. Class A (a) | 8,098 | 2,208,730 | ||||||
57,627,066 | ||||||||
TOTAL COMMON STOCK (Cost $137,145,690) | 197,024,066 | |||||||
TOTAL EQUITIES (Cost $137,145,690) | 197,024,066 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $137,145,690) | 197,024,066 | |||||||
SHORT-TERM INVESTMENTS — 4.9% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.8% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 1,615,001 | 1,615,001 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 4.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d) | $ | 8,436,474 | 8,436,474 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $10,051,475) | 10,051,475 | |||||||
TOTAL INVESTMENTS — 100.7% (Cost $147,197,165) (e) | 207,075,541 | |||||||
Other Assets/(Liabilities) — (0.7)% | (1,367,253) | |||||||
NET ASSETS — 100.0% | $ | 205,708,288 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $1,656,680 or 0.81% of net assets. The Fund received $88,020 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $8,437,974. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $8,605,274. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Managed Volatility Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.2% | ||||||||
COMMON STOCK — 99.2% | ||||||||
Communication Services — 8.9% | ||||||||
Alphabet, Inc. Class A (a) (b) | 13,304 | $ | 2,007,973 | |||||
Alphabet, Inc. Class C (a) (b) | 11,569 | 1,761,496 | ||||||
AT&T, Inc. (b) | 16,593 | 292,037 | ||||||
Charter Communications, Inc. Class A (a) (b) | 231 | 67,135 | ||||||
Comcast Corp. Class A (b) | 9,035 | 391,667 | ||||||
Electronic Arts, Inc. (b) | 577 | 76,551 | ||||||
Fox Corp. Class A (b) | 381 | 11,914 | ||||||
Fox Corp. Class B (b) | 505 | 14,453 | ||||||
Interpublic Group of Cos., Inc. (b) | 850 | 27,735 | ||||||
Live Nation Entertainment, Inc. (a) (b) | 319 | 33,741 | ||||||
Match Group, Inc. (a) (b) | 612 | 22,203 | ||||||
Meta Platforms, Inc. Class A (b) | 5,055 | 2,454,607 | ||||||
Netflix, Inc. (a) (b) | 993 | 603,079 | ||||||
News Corp. Class A (b) | 573 | 15,001 | ||||||
News Corp. Class B (b) | 511 | 13,828 | ||||||
Omnicom Group, Inc. (b) | 474 | 45,864 | ||||||
Paramount Global Class B (b) | 1,322 | 15,560 | ||||||
T-Mobile US, Inc. (b) | 1,225 | 199,944 | ||||||
Take-Two Interactive Software, Inc. (a) (b) | 371 | 55,090 | ||||||
Verizon Communications, Inc. (b) | 9,553 | 400,844 | ||||||
Walt Disney Co. (b) | 4,200 | 513,912 | ||||||
Warner Bros Discovery, Inc. (a) (b) | 5,164 | 45,082 | ||||||
9,069,716 | ||||||||
Consumer Discretionary — 10.3% | ||||||||
Airbnb, Inc. Class A (a) (b) | 1,013 | 167,104 | ||||||
Amazon.com, Inc. (a) (b) | 21,004 | 3,788,702 | ||||||
Aptiv PLC (a) (b) | 642 | 51,135 | ||||||
AutoZone, Inc. (a) (b) | 40 | 126,066 | ||||||
Bath & Body Works, Inc. (b) | 510 | 25,510 | ||||||
Best Buy Co., Inc. (b) | 460 | 37,734 | ||||||
Booking Holdings, Inc. (b) | 80 | 290,230 | ||||||
BorgWarner, Inc. (b) | 509 | 17,683 | ||||||
Caesars Entertainment, Inc. (a) (b) | 454 | 19,858 | ||||||
CarMax, Inc. (a) (b) | 349 | 30,401 | ||||||
Carnival Corp. (a) (b) | 2,247 | 36,716 | ||||||
Chipotle Mexican Grill, Inc. (a) (b) | 62 | 180,220 | ||||||
Darden Restaurants, Inc. (b) | 287 | 47,972 | ||||||
Deckers Outdoor Corp. (a) (b) | 60 | 56,476 | ||||||
Domino's Pizza, Inc. (b) | 80 | 39,750 | ||||||
DR Horton, Inc. (b) | 694 | 114,198 | ||||||
eBay, Inc. (b) | 1,215 | 64,128 | ||||||
Etsy, Inc. (a) (b) | 264 | 18,142 | ||||||
Expedia Group, Inc. (a) (b) | 306 | 42,151 | ||||||
Ford Motor Co. (b) | 8,846 | 117,475 | ||||||
Garmin Ltd. (b) | 360 | 53,593 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
General Motors Co. (b) | 2,690 | $ | 121,991 | |||||
Genuine Parts Co. (b) | 332 | 51,437 | ||||||
Hasbro, Inc. (b) | 336 | 18,991 | ||||||
Hilton Worldwide Holdings, Inc. (b) | 592 | 126,280 | ||||||
Home Depot, Inc. (b) | 2,284 | 876,142 | ||||||
Las Vegas Sands Corp. (b) | 886 | 45,806 | ||||||
Lennar Corp. Class A (b) | 544 | 93,557 | ||||||
LKQ Corp. (b) | 492 | 26,278 | ||||||
Lowe's Cos., Inc. (b) | 1,315 | 334,970 | ||||||
Lululemon Athletica, Inc. (a) (b) | 266 | 103,913 | ||||||
Marriott International, Inc. Class A (b) | 587 | 148,106 | ||||||
McDonald's Corp. (b) | 1,663 | 468,883 | ||||||
MGM Resorts International (a) (b) | 613 | 28,940 | ||||||
Mohawk Industries, Inc. (a) (b) | 120 | 15,707 | ||||||
NIKE, Inc. Class B (b) | 2,783 | 261,546 | ||||||
Norwegian Cruise Line Holdings Ltd. (a) (b) | 976 | 20,428 | ||||||
NVR, Inc. (a) (b) | 7 | 56,700 | ||||||
O'Reilly Automotive, Inc. (a) (b) | 134 | 151,270 | ||||||
Pool Corp. (b) | 81 | 32,683 | ||||||
PulteGroup, Inc. (b) | 498 | 60,069 | ||||||
Ralph Lauren Corp. (b) | 85 | 15,960 | ||||||
Ross Stores, Inc. (b) | 781 | 114,620 | ||||||
Royal Caribbean Cruises Ltd. (a) (b) | 564 | 78,402 | ||||||
Starbucks Corp. (b) | 2,583 | 236,060 | ||||||
Tapestry, Inc. (b) | 507 | 24,072 | ||||||
Tesla, Inc. (a) (b) | 6,360 | 1,118,024 | ||||||
TJX Cos., Inc. (b) | 2,661 | 269,879 | ||||||
Tractor Supply Co. (b) | 249 | 65,168 | ||||||
Ulta Beauty, Inc. (a) (b) | 113 | 59,085 | ||||||
VF Corp. (b) | 774 | 11,873 | ||||||
Wynn Resorts Ltd. (b) | 211 | 21,571 | ||||||
Yum! Brands, Inc. (b) | 634 | 87,904 | ||||||
10,471,559 | ||||||||
Consumer Staples — 5.9% | ||||||||
Altria Group, Inc. (b) | 4,072 | 177,621 | ||||||
Archer-Daniels-Midland Co. (b) | 1,230 | 77,256 | ||||||
Brown-Forman Corp. Class B (b) | 476 | 24,571 | ||||||
Bunge Global SA (b) | 321 | 32,909 | ||||||
Campbell Soup Co. (b) | 536 | 23,825 | ||||||
Church & Dwight Co., Inc. (b) | 528 | 55,076 | ||||||
Clorox Co. (b) | 276 | 42,258 | ||||||
Coca-Cola Co. (b) | 8,904 | 544,747 | ||||||
Colgate-Palmolive Co. (b) | 1,968 | 177,218 | ||||||
Conagra Brands, Inc. (b) | 1,222 | 36,220 | ||||||
Constellation Brands, Inc. Class A (b) | 356 | 96,747 | ||||||
Costco Wholesale Corp. (b) | 1,017 | 745,085 | ||||||
Dollar General Corp. (b) | 503 | 78,498 | ||||||
Dollar Tree, Inc. (a) (b) | 477 | 63,513 | ||||||
Estee Lauder Cos., Inc. Class A (b) | 530 | 81,700 | ||||||
General Mills, Inc. (b) | 1,364 | 95,439 | ||||||
Hershey Co. (b) | 362 | 70,409 | ||||||
Hormel Foods Corp. (b) | 709 | 24,737 | ||||||
J. M. Smucker Co. (b) | 267 | 33,607 | ||||||
Kellanova (b) | 532 | 30,478 | ||||||
Kenvue, Inc. (b) | 3,909 | 83,887 | ||||||
Keurig Dr Pepper, Inc. (b) | 2,411 | 73,945 | ||||||
Kimberly-Clark Corp. (b) | 765 | 98,953 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Kraft Heinz Co. (b) | 1,700 | $ | 62,730 | |||||
Kroger Co. (b) | 1,593 | 91,008 | ||||||
Lamb Weston Holdings, Inc. (b) | 338 | 36,007 | ||||||
McCormick & Co., Inc. (b) | 556 | 42,706 | ||||||
Molson Coors Beverage Co. Class B (b) | 382 | 25,690 | ||||||
Mondelez International, Inc. Class A (b) | 3,038 | 212,660 | ||||||
Monster Beverage Corp. (a) (b) | 1,651 | 97,871 | ||||||
PepsiCo, Inc. (b) | 3,191 | 558,457 | ||||||
Philip Morris International, Inc. (b) | 3,599 | 329,740 | ||||||
Procter & Gamble Co. (b) | 5,399 | 875,988 | ||||||
Sysco Corp. (b) | 1,156 | 93,844 | ||||||
Target Corp. (b) | 1,052 | 186,425 | ||||||
Tyson Foods, Inc. Class A (b) | 619 | 36,354 | ||||||
Walgreens Boots Alliance, Inc. (b) | 1,705 | 36,982 | ||||||
Walmart, Inc. (b) | 9,817 | 590,689 | ||||||
6,045,850 | ||||||||
Energy — 3.9% | ||||||||
APA Corp. (b) | 712 | 24,479 | ||||||
Baker Hughes Co. (b) | 2,352 | 78,792 | ||||||
Chevron Corp. (b) | 3,967 | 625,755 | ||||||
ConocoPhillips (b) | 2,762 | 351,547 | ||||||
Coterra Energy, Inc. (b) | 1,668 | 46,504 | ||||||
Devon Energy Corp. (b) | 1,374 | 68,947 | ||||||
Diamondback Energy, Inc. (b) | 400 | 79,268 | ||||||
EOG Resources, Inc. (b) | 1,303 | 166,575 | ||||||
EQT Corp. (b) | 898 | 33,289 | ||||||
Exxon Mobil Corp. (b) | 9,094 | 1,057,087 | ||||||
Halliburton Co. (b) | 2,082 | 82,072 | ||||||
Hess Corp. (b) | 607 | 92,652 | ||||||
Kinder Morgan, Inc. (b) | 4,695 | 86,106 | ||||||
Marathon Oil Corp. (b) | 1,426 | 40,413 | ||||||
Marathon Petroleum Corp. (b) | 831 | 167,446 | ||||||
Occidental Petroleum Corp. (b) | 1,570 | 102,034 | ||||||
ONEOK, Inc. (b) | 1,362 | 109,192 | ||||||
Phillips 66 (b) | 973 | 158,930 | ||||||
Pioneer Natural Resources Co. (b) | 528 | 138,600 | ||||||
Schlumberger NV (b) | 3,311 | 181,476 | ||||||
Targa Resources Corp. (b) | 556 | 62,266 | ||||||
Valero Energy Corp. (b) | 795 | 135,699 | ||||||
Williams Cos., Inc. (b) | 2,814 | 109,662 | ||||||
3,998,791 | ||||||||
Financials — 13.0% | ||||||||
Aflac, Inc. (b) | 1,215 | 104,320 | ||||||
Allstate Corp. (b) | 623 | 107,785 | ||||||
American Express Co. (b) | 1,297 | 295,314 | ||||||
American International Group, Inc. (b) | 1,616 | 126,323 | ||||||
Ameriprise Financial, Inc. (b) | 229 | 100,403 | ||||||
Aon PLC Class A (b) | 444 | 148,172 | ||||||
Arch Capital Group Ltd. (a) (b) | 882 | 81,532 | ||||||
Arthur J Gallagher & Co. (b) | 496 | 124,020 | ||||||
Assurant, Inc. (b) | 134 | 25,224 | ||||||
Bank of America Corp. (b) | 15,784 | 598,529 | ||||||
Bank of New York Mellon Corp. (b) | 1,750 | 100,835 | ||||||
Berkshire Hathaway, Inc. Class B (a) (b) | 4,170 | 1,753,568 | ||||||
BlackRock, Inc. (b) | 325 | 270,953 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Blackstone, Inc. (b) | 1,678 | $ | 220,439 | |||||
Brown & Brown, Inc. (b) | 588 | 51,474 | ||||||
Capital One Financial Corp. (b) | 899 | 133,852 | ||||||
Cboe Global Markets, Inc. (b) | 238 | 43,728 | ||||||
Charles Schwab Corp. (b) | 3,396 | 245,667 | ||||||
Chubb Ltd. (b) | 948 | 245,655 | ||||||
Cincinnati Financial Corp. (b) | 347 | 43,087 | ||||||
Citigroup, Inc. (b) | 4,350 | 275,094 | ||||||
Citizens Financial Group, Inc. (b) | 917 | 33,278 | ||||||
CME Group, Inc. (b) | 812 | 174,816 | ||||||
Comerica, Inc. (b) | 326 | 17,927 | ||||||
Corpay, Inc. (a) (b) | 174 | 53,686 | ||||||
Discover Financial Services (b) | 575 | 75,377 | ||||||
Everest Group Ltd. (b) | 98 | 38,955 | ||||||
FactSet Research Systems, Inc. (b) | 78 | 35,442 | ||||||
Fidelity National Information Services, Inc. (b) | 1,369 | 101,552 | ||||||
Fifth Third Bancorp (b) | 1,519 | 56,522 | ||||||
Fiserv, Inc. (a) (b) | 1,355 | 216,556 | ||||||
Franklin Resources, Inc. (b) | 675 | 18,974 | ||||||
Global Payments, Inc. (b) | 630 | 84,206 | ||||||
Globe Life, Inc. (b) | 227 | 26,416 | ||||||
Goldman Sachs Group, Inc. (b) | 757 | 316,191 | ||||||
Hartford Financial Services Group, Inc. (b) | 701 | 72,238 | ||||||
Huntington Bancshares, Inc. (b) | 2,812 | 39,227 | ||||||
Intercontinental Exchange, Inc. (b) | 1,338 | 183,881 | ||||||
Invesco Ltd. (b) | 1,194 | 19,809 | ||||||
Jack Henry & Associates, Inc. (b) | 162 | 28,144 | ||||||
JP Morgan Chase & Co. (b) | 6,648 | 1,331,594 | ||||||
KeyCorp. (b) | 2,382 | 37,659 | ||||||
Loews Corp. (b) | 382 | 29,907 | ||||||
M&T Bank Corp. (b) | 380 | 55,267 | ||||||
MarketAxess Holdings, Inc. (b) | 91 | 19,952 | ||||||
Marsh & McLennan Cos., Inc. (b) | 1,087 | 223,900 | ||||||
Mastercard, Inc. Class A (b) | 1,893 | 911,612 | ||||||
MetLife, Inc. (b) | 1,329 | 98,492 | ||||||
Moody's Corp. (b) | 365 | 143,456 | ||||||
Morgan Stanley (b) | 2,935 | 276,360 | ||||||
MSCI, Inc. (b) | 177 | 99,200 | ||||||
Nasdaq, Inc. (b) | 741 | 46,757 | ||||||
Northern Trust Corp. (b) | 473 | 42,059 | ||||||
PayPal Holdings, Inc. (a) (b) | 2,503 | 167,676 | ||||||
PNC Financial Services Group, Inc. (b) | 927 | 149,803 | ||||||
Principal Financial Group, Inc. (b) | 467 | 40,307 | ||||||
Progressive Corp. (b) | 1,370 | 283,343 | ||||||
Prudential Financial, Inc. (b) | 821 | 96,385 | ||||||
Raymond James Financial, Inc. (b) | 456 | 58,560 | ||||||
Regions Financial Corp. (b) | 2,133 | 44,878 | ||||||
S&P Global, Inc. (b) | 731 | 311,004 | ||||||
State Street Corp. (b) | 718 | 55,516 | ||||||
Synchrony Financial (b) | 952 | 41,050 | ||||||
T. Rowe Price Group, Inc. (b) | 531 | 64,740 | ||||||
Travelers Cos., Inc. (b) | 535 | 123,125 | ||||||
Truist Financial Corp. (b) | 3,060 | 119,279 | ||||||
US Bancorp (b) | 3,632 | 162,350 | ||||||
Visa, Inc. Class A (b) | 3,616 | 1,009,153 | ||||||
W. R. Berkley Corp. (b) | 471 | 41,655 | ||||||
Wells Fargo & Co. (b) | 8,253 | 478,344 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Willis Towers Watson PLC (b) | 239 | $ | 65,725 | |||||
13,318,279 | ||||||||
Health Care — 12.3% | ||||||||
Abbott Laboratories (b) | 3,979 | 452,253 | ||||||
AbbVie, Inc. (b) | 4,048 | 737,141 | ||||||
Agilent Technologies, Inc. (b) | 688 | 100,111 | ||||||
Align Technology, Inc. (a) (b) | 160 | 52,467 | ||||||
Amgen, Inc. (b) | 1,223 | 347,723 | ||||||
Baxter International, Inc. (b) | 1,174 | 50,177 | ||||||
Becton Dickinson & Co. (b) | 687 | 169,998 | ||||||
Bio-Rad Laboratories, Inc. Class A (a) (b) | 43 | 14,872 | ||||||
Bio-Techne Corp. (b) | 363 | 25,551 | ||||||
Biogen, Inc. (a) (b) | 344 | 74,177 | ||||||
Boston Scientific Corp. (a) (b) | 3,403 | 233,071 | ||||||
Bristol-Myers Squibb Co. (b) | 4,749 | 257,538 | ||||||
Cardinal Health, Inc. (b) | 579 | 64,790 | ||||||
Catalent, Inc. (a) (b) | 417 | 23,540 | ||||||
Cencora, Inc. (b) | 389 | 94,523 | ||||||
Centene Corp. (a) (b) | 1,236 | 97,001 | ||||||
Charles River Laboratories International, Inc. (a) (b) | 116 | 31,430 | ||||||
Cigna Group (b) | 682 | 247,696 | ||||||
The Cooper Cos., Inc. (b) | 448 | 45,454 | ||||||
CVS Health Corp. (b) | 2,855 | 227,715 | ||||||
Danaher Corp. (b) | 1,498 | 374,080 | ||||||
DaVita, Inc. (a) (b) | 138 | 19,051 | ||||||
DENTSPLY SIRONA, Inc. (b) | 447 | 14,836 | ||||||
Dexcom, Inc. (a) (b) | 880 | 122,056 | ||||||
Edwards Lifesciences Corp. (a) (b) | 1,378 | 131,682 | ||||||
Elevance Health, Inc. (b) | 547 | 283,641 | ||||||
Eli Lilly & Co. (b) | 1,831 | 1,424,445 | ||||||
GE HealthCare Technologies, Inc. (a) (b) | 937 | 85,183 | ||||||
Gilead Sciences, Inc. (b) | 2,911 | 213,231 | ||||||
HCA Healthcare, Inc. (b) | 460 | 153,424 | ||||||
Henry Schein, Inc. (a) (b) | 327 | 24,695 | ||||||
Hologic, Inc. (a) (b) | 548 | 42,722 | ||||||
Humana, Inc. (b) | 286 | 99,162 | ||||||
IDEXX Laboratories, Inc. (a) (b) | 193 | 104,206 | ||||||
Illumina, Inc. (a) (b) | 355 | 48,749 | ||||||
Incyte Corp. (a) (b) | 435 | 24,782 | ||||||
Insulet Corp. (a) (b) | 169 | 28,967 | ||||||
Intuitive Surgical, Inc. (a) (b) | 820 | 327,254 | ||||||
IQVIA Holdings, Inc. (a) (b) | 422 | 106,720 | ||||||
Johnson & Johnson (b) | 5,516 | 872,576 | ||||||
Laboratory Corp. of America Holdings (b) | 182 | 39,760 | ||||||
McKesson Corp. (b) | 294 | 157,834 | ||||||
Medtronic PLC (b) | 3,032 | 264,239 | ||||||
Merck & Co., Inc. (b) | 5,804 | 765,838 | ||||||
Mettler-Toledo International, Inc. (a) (b) | 52 | 69,227 | ||||||
Moderna, Inc. (a) (b) | 782 | 83,330 | ||||||
Molina Healthcare, Inc. (a) (b) | 126 | 51,765 | ||||||
Pfizer, Inc. (b) | 12,901 | 358,003 | ||||||
Quest Diagnostics, Inc. (b) | 269 | 35,807 | ||||||
Regeneron Pharmaceuticals, Inc. (a) (b) | 241 | 231,960 | ||||||
ResMed, Inc. (b) | 329 | 65,152 | ||||||
Revvity, Inc. (b) | 273 | 28,665 | ||||||
STERIS PLC (b) | 227 | 51,034 | ||||||
Stryker Corp. (b) | 774 | 276,991 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Teleflex, Inc. (b) | 106 | $ | 23,974 | |||||
Thermo Fisher Scientific, Inc. (b) | 882 | 512,627 | ||||||
UnitedHealth Group, Inc. (b) | 2,120 | 1,048,764 | ||||||
Universal Health Services, Inc. Class B (b) | 142 | 25,909 | ||||||
Vertex Pharmaceuticals, Inc. (a) (b) | 588 | 245,790 | ||||||
Viatris, Inc. (b) | 2,804 | 33,480 | ||||||
Waters Corp. (a) (b) | 143 | 49,225 | ||||||
West Pharmaceutical Services, Inc. (b) | 175 | 69,249 | ||||||
Zimmer Biomet Holdings, Inc. (b) | 478 | 63,086 | ||||||
Zoetis, Inc. (b) | 1,072 | 181,393 | ||||||
12,581,792 | ||||||||
Industrials — 8.7% | ||||||||
3M Co. (b) | 1,298 | 137,679 | ||||||
A.O. Smith Corp. (b) | 305 | 27,285 | ||||||
Allegion PLC (b) | 194 | 26,134 | ||||||
American Airlines Group, Inc. (a) (b) | 1,301 | 19,970 | ||||||
AMETEK, Inc. (b) | 496 | 90,718 | ||||||
Automatic Data Processing, Inc. (b) | 966 | 241,249 | ||||||
Axon Enterprise, Inc. (a) (b) | 163 | 50,999 | ||||||
Boeing Co. (a) (b) | 1,312 | 253,203 | ||||||
Broadridge Financial Solutions, Inc. (b) | 262 | 53,673 | ||||||
Builders FirstSource, Inc. (a) (b) | 292 | 60,897 | ||||||
C.H. Robinson Worldwide, Inc. (b) | 274 | 20,862 | ||||||
Carrier Global Corp. (b) | 1,860 | 108,122 | ||||||
Caterpillar, Inc. (b) | 1,163 | 426,158 | ||||||
Cintas Corp. (b) | 203 | 139,467 | ||||||
Copart, Inc. (a) (b) | 2,024 | 117,230 | ||||||
CSX Corp. (b) | 4,554 | 168,817 | ||||||
Cummins, Inc. (b) | 324 | 95,467 | ||||||
Dayforce, Inc. (a) (b) | 388 | 25,689 | ||||||
Deere & Co. (b) | 608 | 249,730 | ||||||
Delta Air Lines, Inc. (b) | 1,521 | 72,810 | ||||||
Dover Corp. (b) | 317 | 56,169 | ||||||
Eaton Corp. PLC (b) | 928 | 290,167 | ||||||
Emerson Electric Co. (b) | 1,328 | 150,622 | ||||||
Equifax, Inc. (b) | 272 | 72,765 | ||||||
Expeditors International of Washington, Inc. (b) | 318 | 38,659 | ||||||
Fastenal Co. (b) | 1,361 | 104,988 | ||||||
FedEx Corp. (b) | 521 | 150,955 | ||||||
Fortive Corp. (b) | 859 | 73,891 | ||||||
Generac Holdings, Inc. (a) (b) | 149 | 18,795 | ||||||
General Dynamics Corp. (b) | 521 | 147,177 | ||||||
General Electric Co. (b) | 2,483 | 435,841 | ||||||
Honeywell International, Inc. (b) | 1,483 | 304,386 | ||||||
Howmet Aerospace, Inc. (b) | 865 | 59,192 | ||||||
Hubbell, Inc. (b) | 130 | 53,957 | ||||||
Huntington Ingalls Industries, Inc. (b) | 90 | 26,232 | ||||||
IDEX Corp. (b) | 161 | 39,287 | ||||||
Illinois Tool Works, Inc. (b) | 636 | 170,658 | ||||||
Ingersoll Rand, Inc. (b) | 927 | 88,019 | ||||||
Jacobs Solutions, Inc. (b) | 280 | 43,044 | ||||||
JB Hunt Transport Services, Inc. (b) | 169 | 33,673 | ||||||
Johnson Controls International PLC (b) | 1,564 | 102,160 | ||||||
L3Harris Technologies, Inc. (b) | 419 | 89,289 | ||||||
Leidos Holdings, Inc. (b) | 352 | 46,144 | ||||||
Lockheed Martin Corp. (b) | 489 | 222,431 | ||||||
Masco Corp. (b) | 543 | 42,832 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Nordson Corp. (b) | 120 | $ | 32,945 | |||||
Norfolk Southern Corp. (b) | 524 | 133,552 | ||||||
Northrop Grumman Corp. (b) | 332 | 158,915 | ||||||
Old Dominion Freight Line, Inc. (b) | 426 | 93,426 | ||||||
Otis Worldwide Corp. (b) | 877 | 87,060 | ||||||
PACCAR, Inc. (b) | 1,225 | 151,765 | ||||||
Parker-Hannifin Corp. (b) | 299 | 166,181 | ||||||
Paychex, Inc. (b) | 732 | 89,890 | ||||||
Paycom Software, Inc. (b) | 100 | 19,901 | ||||||
Pentair PLC (b) | 337 | 28,793 | ||||||
Quanta Services, Inc. (b) | 329 | 85,474 | ||||||
Republic Services, Inc. (b) | 467 | 89,402 | ||||||
Robert Half, Inc. (b) | 262 | 20,771 | ||||||
Rockwell Automation, Inc. (b) | 263 | 76,620 | ||||||
Rollins, Inc. (b) | 651 | 30,122 | ||||||
RTX Corp. (b) | 3,026 | 295,126 | ||||||
Snap-on, Inc. (b) | 105 | 31,103 | ||||||
Southwest Airlines Co. (b) | 1,388 | 40,516 | ||||||
Stanley Black & Decker, Inc. (b) | 359 | 35,157 | ||||||
Textron, Inc. (b) | 478 | 45,855 | ||||||
Trane Technologies PLC (b) | 530 | 159,106 | ||||||
TransDigm Group, Inc. (b) | 128 | 157,645 | ||||||
Uber Technologies, Inc. (a) (b) | 4,719 | 363,316 | ||||||
Union Pacific Corp. (b) | 1,395 | 343,072 | ||||||
United Airlines Holdings, Inc. (a) (b) | 736 | 35,240 | ||||||
United Parcel Service, Inc. Class B (b) | 1,680 | 249,698 | ||||||
United Rentals, Inc. (b) | 150 | 108,167 | ||||||
Veralto Corp. (b) | 530 | 46,990 | ||||||
Verisk Analytics, Inc. (b) | 334 | 78,734 | ||||||
W.W. Grainger, Inc. (b) | 102 | 103,765 | ||||||
Waste Management, Inc. (b) | 850 | 181,177 | ||||||
Westinghouse Air Brake Technologies Corp. (b) | 381 | 55,504 | ||||||
Xylem, Inc. (b) | 590 | 76,252 | ||||||
8,918,732 | ||||||||
Information Technology — 29.3% | ||||||||
Accenture PLC Class A (b) | 1,438 | 498,425 | ||||||
Adobe, Inc. (a) (b) | 1,037 | 523,270 | ||||||
Advanced Micro Devices, Inc. (a) (b) | 3,708 | 669,257 | ||||||
Akamai Technologies, Inc. (a) (b) | 349 | 37,957 | ||||||
Amphenol Corp. Class A (b) | 1,377 | 158,837 | ||||||
Analog Devices, Inc. (b) | 1,164 | 230,228 | ||||||
ANSYS, Inc. (a) (b) | 203 | 70,473 | ||||||
Apple, Inc. (b) | 33,350 | 5,718,858 | ||||||
Applied Materials, Inc. (b) | 1,904 | 392,662 | ||||||
Arista Networks, Inc. (a) (b) | 575 | 166,738 | ||||||
Autodesk, Inc. (a) (b) | 501 | 130,470 | ||||||
Broadcom, Inc. (b) | 1,010 | 1,338,664 | ||||||
Cadence Design Systems, Inc. (a) (b) | 621 | 193,305 | ||||||
CDW Corp. (b) | 304 | 77,757 | ||||||
Cisco Systems, Inc. (b) | 9,450 | 471,649 | ||||||
Cognizant Technology Solutions Corp. Class A (b) | 1,168 | 85,603 | ||||||
Corning, Inc. (b) | 1,724 | 56,823 | ||||||
Enphase Energy, Inc. (a) (b) | 306 | 37,020 | ||||||
EPAM Systems, Inc. (a) (b) | 132 | 36,453 | ||||||
F5, Inc. (a) (b) | 135 | 25,595 | ||||||
Fair Isaac Corp. (a) (b) | 58 | 72,477 | ||||||
First Solar, Inc. (a) (b) | 249 | 42,031 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Fortinet, Inc. (a) (b) | 1,446 | $ | 98,776 | |||||
Gartner, Inc. (a) (b) | 180 | 85,801 | ||||||
Gen Digital, Inc. (b) | 1,309 | 29,322 | ||||||
Hewlett Packard Enterprise Co. (b) | 2,980 | 52,835 | ||||||
HP, Inc. (b) | 2,063 | 62,344 | ||||||
Intel Corp. (b) | 9,697 | 428,316 | ||||||
International Business Machines Corp. (b) | 2,095 | 400,061 | ||||||
Intuit, Inc. (b) | 641 | 416,650 | ||||||
Jabil, Inc. (b) | 298 | 39,917 | ||||||
Juniper Networks, Inc. (b) | 826 | 30,612 | ||||||
Keysight Technologies, Inc. (a) (b) | 394 | 61,614 | ||||||
KLA Corp. (b) | 308 | 215,160 | ||||||
Lam Research Corp. (b) | 299 | 290,499 | ||||||
Microchip Technology, Inc. (b) | 1,251 | 112,227 | ||||||
Micron Technology, Inc. (b) | 2,529 | 298,144 | ||||||
Microsoft Corp. (b) | 17,075 | 7,183,794 | ||||||
Monolithic Power Systems, Inc. (b) | 114 | 77,226 | ||||||
Motorola Solutions, Inc. (b) | 373 | 132,408 | ||||||
NetApp, Inc. (b) | 481 | 50,491 | ||||||
NVIDIA Corp. (b) | 5,675 | 5,127,703 | ||||||
NXP Semiconductors NV (b) | 598 | 148,166 | ||||||
ON Semiconductor Corp. (a) (b) | 998 | 73,403 | ||||||
Oracle Corp. (b) | 3,659 | 459,607 | ||||||
Palo Alto Networks, Inc. (a) (b) | 721 | 204,858 | ||||||
PTC, Inc. (a) (b) | 265 | 50,069 | ||||||
Qorvo, Inc. (a) (b) | 243 | 27,904 | ||||||
QUALCOMM, Inc. (b) | 2,557 | 432,900 | ||||||
Roper Technologies, Inc. (b) | 247 | 138,527 | ||||||
Salesforce, Inc. (b) | 2,221 | 668,921 | ||||||
Seagate Technology Holdings PLC (b) | 440 | 40,942 | ||||||
ServiceNow, Inc. (a) (b) | 469 | 357,566 | ||||||
Skyworks Solutions, Inc. (b) | 373 | 40,403 | ||||||
Super Micro Computer, Inc. (a) (b) | 114 | 115,143 | ||||||
Synopsys, Inc. (a) (b) | 348 | 198,882 | ||||||
TE Connectivity Ltd. (b) | 679 | 98,618 | ||||||
Teledyne Technologies, Inc. (a) (b) | 107 | 45,937 | ||||||
Teradyne, Inc. (b) | 349 | 39,378 | ||||||
Texas Instruments, Inc. (b) | 2,077 | 361,834 | ||||||
Trimble, Inc. (a) (b) | 563 | 36,235 | ||||||
Tyler Technologies, Inc. (a) (b) | 107 | 45,476 | ||||||
VeriSign, Inc. (a) (b) | 201 | 38,092 | ||||||
Western Digital Corp. (a) (b) | 791 | 53,978 | ||||||
Zebra Technologies Corp. Class A (a) (b) | 118 | 35,570 | ||||||
29,940,861 | ||||||||
Materials — 2.4% | ||||||||
Air Products & Chemicals, Inc. (b) | 514 | 124,527 | ||||||
Albemarle Corp. (b) | 280 | 36,887 | ||||||
Amcor PLC (b) | 2,886 | 27,446 | ||||||
Avery Dennison Corp. (b) | 187 | 41,748 | ||||||
Ball Corp. (b) | 752 | 50,655 | ||||||
Celanese Corp. (b) | 248 | 42,621 | ||||||
CF Industries Holdings, Inc. (b) | 427 | 35,531 | ||||||
Corteva, Inc. (b) | 1,679 | 96,828 | ||||||
Dow, Inc. (b) | 1,590 | 92,109 | ||||||
DuPont de Nemours, Inc. (b) | 986 | 75,597 | ||||||
Eastman Chemical Co. (b) | 242 | 24,253 | ||||||
Ecolab, Inc. (b) | 573 | 132,306 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
FMC Corp. (b) | 313 | $ | 19,938 | |||||
Freeport-McMoRan, Inc. (b) | 3,258 | 153,191 | ||||||
International Flavors & Fragrances, Inc. (b) | 560 | 48,154 | ||||||
International Paper Co. (b) | 732 | 28,563 | ||||||
Linde PLC (b) | 1,109 | 514,931 | ||||||
LyondellBasell Industries NV Class A (b) | 587 | 60,038 | ||||||
Martin Marietta Materials, Inc. (b) | 146 | 89,635 | ||||||
Mosaic Co. (b) | 720 | 23,371 | ||||||
Newmont Corp. (b) | 2,657 | 95,227 | ||||||
Nucor Corp. (b) | 557 | 110,230 | ||||||
Packaging Corp. of America (b) | 214 | 40,613 | ||||||
PPG Industries, Inc. (b) | 569 | 82,448 | ||||||
Sherwin-Williams Co. (b) | 546 | 189,642 | ||||||
Steel Dynamics, Inc. (b) | 339 | 50,250 | ||||||
Vulcan Materials Co. (b) | 318 | 86,788 | ||||||
Westrock Co. (b) | 618 | 30,560 | ||||||
2,404,087 | ||||||||
Real Estate — 2.3% | ||||||||
Alexandria Real Estate Equities, Inc. (b) | 349 | 44,990 | ||||||
American Tower Corp. (b) | 1,048 | 207,074 | ||||||
AvalonBay Communities, Inc. (b) | 300 | 55,668 | ||||||
Boston Properties, Inc. (b) | 328 | 21,422 | ||||||
Camden Property Trust (b) | 260 | 25,584 | ||||||
CBRE Group, Inc. Class A (a) (b) | 717 | 69,721 | ||||||
CoStar Group, Inc. (a) (b) | 949 | 91,673 | ||||||
Crown Castle, Inc. (b) | 987 | 104,454 | ||||||
Digital Realty Trust, Inc. (b) | 713 | 102,701 | ||||||
Equinix, Inc. (b) | 216 | 178,271 | ||||||
Equity Residential (b) | 634 | 40,012 | ||||||
Essex Property Trust, Inc. (b) | 168 | 41,128 | ||||||
Extra Space Storage, Inc. (b) | 507 | 74,529 | ||||||
Federal Realty Investment Trust (b) | 154 | 15,726 | ||||||
Healthpeak Properties, Inc. (b) | 1,582 | 29,662 | ||||||
Host Hotels & Resorts, Inc. (b) | 1,624 | 33,584 | ||||||
Invitation Homes, Inc. (b) | 1,387 | 49,391 | ||||||
Iron Mountain, Inc. (b) | 711 | 57,029 | ||||||
Kimco Realty Corp. (b) | 1,452 | 28,474 | ||||||
Mid-America Apartment Communities, Inc. (b) | 289 | 38,027 | ||||||
Prologis, Inc. (b) | 2,139 | 278,541 | ||||||
Public Storage (b) | 345 | 100,071 | ||||||
Realty Income Corp. (b) | 1,949 | 105,441 | ||||||
Regency Centers Corp. (b) | 234 | 14,171 | ||||||
SBA Communications Corp. (b) | 263 | 56,992 | ||||||
Simon Property Group, Inc. (b) | 764 | 119,558 | ||||||
UDR, Inc. (b) | 640 | 23,942 | ||||||
Ventas, Inc. (b) | 990 | 43,105 | ||||||
VICI Properties, Inc. (b) | 2,397 | 71,407 | ||||||
Welltower, Inc. (b) | 1,282 | 119,790 | ||||||
Weyerhaeuser Co. (b) | 1,738 | 62,412 | ||||||
2,304,550 | ||||||||
Utilities — 2.2% | ||||||||
AES Corp. (b) | 1,719 | 30,822 | ||||||
Alliant Energy Corp. (b) | 431 | 21,722 | ||||||
Ameren Corp. (b) | 613 | 45,337 | ||||||
American Electric Power Co., Inc. (b) | 1,220 | 105,042 |
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
American Water Works Co., Inc. (b) | 413 | $ | 50,473 | |||||
Atmos Energy Corp. (b) | 391 | 46,478 | ||||||
CenterPoint Energy, Inc. (b) | 1,531 | 43,618 | ||||||
CMS Energy Corp. (b) | 711 | 42,902 | ||||||
Consolidated Edison, Inc. (b) | 858 | 77,915 | ||||||
Constellation Energy Corp. (b) | 731 | 135,125 | ||||||
Dominion Energy, Inc. (b) | 1,994 | 98,085 | ||||||
DTE Energy Co. (b) | 403 | 45,192 | ||||||
Duke Energy Corp. (b) | 1,713 | 165,664 | ||||||
Edison International (b) | 816 | 57,716 | ||||||
Entergy Corp. (b) | 502 | 53,051 | ||||||
Evergy, Inc. (b) | 586 | 31,281 | ||||||
Eversource Energy (b) | 811 | 48,473 | ||||||
Exelon Corp. (b) | 2,349 | 88,252 | ||||||
FirstEnergy Corp. (b) | 1,189 | 45,919 | ||||||
NextEra Energy, Inc. (b) | 4,761 | 304,275 | ||||||
NiSource, Inc. (b) | 1,069 | 29,569 | ||||||
NRG Energy, Inc. (b) | 510 | 34,522 | ||||||
PG&E Corp. (b) | 4,783 | 80,163 | ||||||
Pinnacle West Capital Corp. (b) | 241 | 18,010 | ||||||
PPL Corp. (b) | 1,758 | 48,398 | ||||||
Public Service Enterprise Group, Inc. (b) | 1,231 | 82,206 | ||||||
Sempra (b) | 1,384 | 99,413 | ||||||
Southern Co. (b) | 2,435 | 174,687 | ||||||
WEC Energy Group, Inc. (b) | 646 | 53,050 | ||||||
Xcel Energy, Inc. (b) | 1,333 | 71,649 | ||||||
2,229,009 | ||||||||
TOTAL COMMON STOCK (Cost $56,292,545) | 101,283,226 | |||||||
TOTAL EQUITIES (Cost $56,292,545) | 101,283,226 | |||||||
Principal Amount | ||||||||
BONDS & NOTES — 0.0% | ||||||||
CORPORATE DEBT — 0.0% | ||||||||
Forest Products & Paper — 0.0% | ||||||||
Sino Forest Corp. | ||||||||
5.000% 8/01/49 (c) (d) | $ | 359,000 | — | |||||
TOTAL CORPORATE DEBT (Cost $0) | — | |||||||
TOTAL BONDS & NOTES (Cost $0) | — | |||||||
TOTAL PURCHASED OPTIONS(#) — 0.4% (Cost $794,227) | 415,084 | |||||||
MML Managed Volatility Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
RIGHTS — 0.0% | ||||||||
Health Care — 0.0% | ||||||||
Abiomed, Inc., CVR (a) (b) (c) (d) | 136 | $ | — | |||||
TOTAL RIGHTS (Cost $138) | — | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $57,086,910) | 101,698,310 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 2.6% | ||||||||
Repurchase Agreement — 2.6% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (e) | $ | 2,669,674 | 2,669,674 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,669,674) | 2,669,674 | |||||||
TOTAL INVESTMENTS — 102.2% (Cost $59,756,584) (f) | 104,367,984 | |||||||
Other Assets/(Liabilities) — (2.2)% | (2,235,705) | |||||||
NET ASSETS — 100.0% | $ | 102,132,279 |
Abbreviation Legend
CVR | Contingent Value Rights |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | All or a portion of this security is pledged/held as collateral for open derivatives. |
(c) | Investment is valued using significant unobservable inputs. |
(d) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2024, these securities amounted to a value of $0 or 0.00% of net assets. |
(e) | Maturity value of $2,670,148. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $2,723,141. |
(f) | See Note 3 for aggregate cost for federal tax purposes. |
(#) Exchange-Traded Options Purchased | ||||||||||||||||||||||||||||
Description | Expiration Date | Exercise Price | No. of Contracts | Notional Amount | Value | Premiums Paid/ (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||
Put | ||||||||||||||||||||||||||||
S&P 500 Index | 5/17/24 | 4,700.00 | 28 | USD | 13,160,000 | $ | 21,000 | $ | 136,234 | $ | (115,234) | |||||||||||||||||
S&P 500 Index | 5/17/24 | 4,750.00 | 28 | USD | 13,300,000 | 22,792 | 109,746 | (86,954) | ||||||||||||||||||||
S&P 500 Index | 5/17/24 | 4,850.00 | 27 | USD | 13,095,000 | 30,888 | 100,859 | (69,971) | ||||||||||||||||||||
S&P 500 Index | 5/31/24 | 4,850.00 | 27 | USD | 13,095,000 | 45,360 | 97,619 | (52,259) | ||||||||||||||||||||
S&P 500 Index | 6/21/24 | 4,900.00 | 27 | USD | 13,230,000 | 80,730 | 129,613 | (48,883) | ||||||||||||||||||||
S&P 500 Index | 6/21/24 | 4,950.00 | 27 | USD | 13,365,000 | 89,910 | 99,238 | (9,328) | ||||||||||||||||||||
S&P 500 Index | 6/28/24 | 5,000.00 | 28 | USD | 14,000,000 | 124,404 | 120,918 | 3,486 | ||||||||||||||||||||
$ | 415,084 | $ | 794,227 | $ | (379,143) |
Exchange-Traded Options Written | ||||||||||||||||||||||||||||
Description | Expiration Date | Exercise Price | No. of Contracts | Notional Amount | Value | Premiums Paid/ (Received) | Unrealized Appreciation (Depreciation) | |||||||||||||||||||||
Call | ||||||||||||||||||||||||||||
S&P 500 Index | 4/30/24 | 5,125.00 | 21 | USD | 10,762,500 | $ | (360,570) | $ | (91,063) | $ | (269,507) | |||||||||||||||||
S&P 500 Index | 4/30/24 | 5,200.00 | 22 | USD | 11,440,000 | (253,066) | (91,245) | (161,821) | ||||||||||||||||||||
S&P 500 Index | 5/17/24 | 5,175.00 | 22 | USD | 11,385,000 | (368,324) | (123,928) | (244,396) | ||||||||||||||||||||
S&P 500 Index | 5/17/24 | 5,275.00 | 22 | USD | 11,605,000 | (201,982) | (111,353) | (90,629) | ||||||||||||||||||||
S&P 500 Index | 5/17/24 | 5,350.00 | 21 | USD | 11,235,000 | (116,760) | (76,559) | (40,201) | ||||||||||||||||||||
S&P 500 Index | 5/31/24 | 5,400.00 | 21 | USD | 11,340,000 | (116,760) | (85,185) | (31,575) | ||||||||||||||||||||
S&P 500 Index | 6/21/24 | 5,425.00 | 21 | USD | 11,392,500 | (136,479) | (131,711) | (4,768) | ||||||||||||||||||||
S&P 500 Index | 6/21/24 | 5,450.00 | 21 | USD | 11,445,000 | (121,170) | (140,396) | 19,226 | ||||||||||||||||||||
S&P 500 Index | 6/28/24 | 5,500.00 | 21 | USD | 11,550,000 | (100,590) | (104,927) | 4,337 | ||||||||||||||||||||
$ | (1,775,701) | $ | (956,367) | $ | (819,334) |
Currency Legend
USD | U.S. Dollar |
MML Mid Cap Growth Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 96.8% | ||||||||
COMMON STOCK — 96.6% | ||||||||
Communication Services — 6.2% | ||||||||
Liberty Media Corp-Liberty Formula One Class C (a) | 31,260 | $ | 2,050,656 | |||||
Match Group, Inc. (a) | 41,095 | 1,490,927 | ||||||
New York Times Co. Class A | 24,600 | 1,063,212 | ||||||
Pinterest, Inc. Class A (a) | 64,240 | 2,227,201 | ||||||
Reddit, Inc. (a) (b) | 4,870 | 240,188 | ||||||
Spotify Technology SA (a) | 29,030 | 7,661,017 | ||||||
Take-Two Interactive Software, Inc. (a) | 14,134 | 2,098,758 | ||||||
Trade Desk, Inc. Class A (a) | 59,000 | 5,157,780 | ||||||
21,989,739 | ||||||||
Consumer Discretionary — 11.0% | ||||||||
Bath & Body Works, Inc. | 46,700 | 2,335,934 | ||||||
Birkenstock Holding PLC (a) | 11,857 | 560,243 | ||||||
Bright Horizons Family Solutions, Inc. (a) | 8,300 | 940,888 | ||||||
Burlington Stores, Inc. (a) | 13,000 | 3,018,470 | ||||||
Caesars Entertainment, Inc. (a) | 33,105 | 1,448,013 | ||||||
Chipotle Mexican Grill, Inc. (a) | 100 | 290,677 | ||||||
Domino's Pizza, Inc. | 9,402 | 4,671,666 | ||||||
DoorDash, Inc., Class A (a) | 18,000 | 2,478,960 | ||||||
DraftKings, Inc. Class A (a) | 46,657 | 2,118,694 | ||||||
Five Below, Inc. (a) (b) | 8,300 | 1,505,454 | ||||||
Hilton Worldwide Holdings, Inc. | 21,700 | 4,628,827 | ||||||
Lululemon Athletica, Inc. (a) | 1,300 | 507,845 | ||||||
On Holding AG, Class A (a) (b) | 49,695 | 1,758,209 | ||||||
Ross Stores, Inc. | 46,707 | 6,854,719 | ||||||
Tractor Supply Co. | 2,685 | 702,718 | ||||||
Ulta Beauty, Inc. (a) | 4,100 | 2,143,808 | ||||||
Yum! Brands, Inc. | 24,207 | 3,356,301 | ||||||
39,321,426 | ||||||||
Consumer Staples — 4.1% | ||||||||
Boston Beer Co., Inc. Class A (a) | 2,094 | 637,455 | ||||||
Casey's General Stores, Inc. | 7,300 | 2,324,685 | ||||||
Celsius Holdings, Inc. (a) | 18,653 | 1,546,707 | ||||||
Dollar General Corp. | 4,574 | 713,818 | ||||||
Dollar Tree, Inc. (a) | 21,229 | 2,826,641 | ||||||
elf Beauty, Inc. (a) | 7,322 | 1,435,332 | ||||||
Freshpet, Inc. (a) | 16,233 | 1,880,755 | ||||||
Kenvue, Inc. | 37,262 | 799,643 | ||||||
McCormick & Co., Inc. | 8,200 | 629,842 | ||||||
Reynolds Consumer Products, Inc. | 31,800 | 908,208 | ||||||
TreeHouse Foods, Inc. (a) | 24,507 | 954,548 | ||||||
14,657,634 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Energy — 4.3% | ||||||||
Cheniere Energy, Inc. | 37,065 | $ | 5,977,843 | |||||
Chesapeake Energy Corp. (b) | 14,100 | 1,252,503 | ||||||
Coterra Energy, Inc. | 47,200 | 1,315,936 | ||||||
EQT Corp. | 56,800 | 2,105,576 | ||||||
Range Resources Corp. | 28,900 | 995,027 | ||||||
TechnipFMC PLC | 95,408 | 2,395,695 | ||||||
Weatherford International PLC (a) | 9,500 | 1,096,490 | ||||||
15,139,070 | ||||||||
Financials — 7.2% | ||||||||
Ares Management Corp. Class A | 23,198 | 3,084,870 | ||||||
Assurant, Inc. | 16,100 | 3,030,664 | ||||||
Axis Capital Holdings Ltd. | 12,500 | 812,750 | ||||||
Cboe Global Markets, Inc. | 7,400 | 1,359,602 | ||||||
Corpay, Inc. (a) | 6,400 | 1,974,656 | ||||||
Intercontinental Exchange, Inc. | 21,600 | 2,968,488 | ||||||
KKR & Co., Inc. | 31,300 | 3,148,154 | ||||||
Markel Group, Inc. (a) | 620 | 943,318 | ||||||
MarketAxess Holdings, Inc. | 6,200 | 1,359,350 | ||||||
Raymond James Financial, Inc. | 15,200 | 1,951,984 | ||||||
Toast, Inc., Class A (a) | 16,500 | 411,180 | ||||||
Tradeweb Markets, Inc. Class A | 43,053 | 4,484,831 | ||||||
25,529,847 | ||||||||
Health Care — 22.1% | ||||||||
Acadia Healthcare Co., Inc. (a) | 33,700 | 2,669,714 | ||||||
Agilent Technologies, Inc. | 40,300 | 5,864,053 | ||||||
Alcon, Inc. | 25,200 | 2,098,908 | ||||||
Align Technology, Inc. (a) | 8,298 | 2,721,080 | ||||||
Alnylam Pharmaceuticals, Inc. (a) | 24,558 | 3,670,193 | ||||||
Apellis Pharmaceuticals, Inc. (a) | 10,682 | 627,888 | ||||||
Argenx SE ADR (a) | 4,123 | 1,623,308 | ||||||
Ascendis Pharma AS ADR (a) | 6,200 | 937,254 | ||||||
Avantor, Inc. (a) | 161,600 | 4,132,112 | ||||||
Biogen, Inc. (a) | 9,600 | 2,070,048 | ||||||
Bruker Corp. | 44,358 | 4,166,991 | ||||||
Catalent, Inc. (a) | 16,348 | 922,845 | ||||||
The Cooper Cos., Inc. | 27,600 | 2,800,296 | ||||||
CRISPR Therapeutics AG (a) (b) | 8,175 | 557,208 | ||||||
Cytokinetics, Inc. (a) (b) | 8,200 | 574,902 | ||||||
DENTSPLY SIRONA, Inc. | 35,200 | 1,168,288 | ||||||
Enovis Corp. (a) | 25,978 | 1,622,326 | ||||||
Exact Sciences Corp. (a) | 39,335 | 2,716,475 | ||||||
Hologic, Inc. (a) | 87,100 | 6,790,316 | ||||||
ICON PLC (a) | 6,518 | 2,189,722 | ||||||
Inspire Medical Systems, Inc. (a) | 9,494 | 2,039,216 | ||||||
Ionis Pharmaceuticals, Inc. (a) | 38,500 | 1,668,975 | ||||||
Mettler-Toledo International, Inc. (a) | 1,060 | 1,411,167 | ||||||
Molina Healthcare, Inc. (a) | 12,447 | 5,113,601 | ||||||
Quidelortho Corp. (a) | 27,133 | 1,300,756 | ||||||
Repligen Corp. (a) | 15,988 | 2,940,513 | ||||||
Sarepta Therapeutics, Inc. (a) | 7,220 | 934,701 | ||||||
Teleflex, Inc. | 20,940 | 4,736,000 | ||||||
Vaxcyte, Inc. (a) | 5,430 | 370,923 | ||||||
Veeva Systems, Inc. Class A (a) | 29,359 | 6,802,187 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
West Pharmaceutical Services, Inc. | 4,035 | $ | 1,596,690 | |||||
78,838,656 | ||||||||
Industrials — 15.9% | ||||||||
Axon Enterprise, Inc. (a) | 7,844 | 2,454,231 | ||||||
Broadridge Financial Solutions, Inc. | 10,500 | 2,151,030 | ||||||
Builders FirstSource, Inc. (a) | 10,021 | 2,089,879 | ||||||
BWX Technologies, Inc. | 50,445 | 5,176,666 | ||||||
Clean Harbors, Inc. (a) | 16,622 | 3,346,175 | ||||||
Equifax, Inc. | 15,100 | 4,039,552 | ||||||
Esab Corp. | 25,183 | 2,784,484 | ||||||
Ferguson PLC | 5,300 | 1,157,679 | ||||||
Fortive Corp. | 36,500 | 3,139,730 | ||||||
Howmet Aerospace, Inc. | 5,000 | 342,150 | ||||||
IDEX Corp. | 6,600 | 1,610,532 | ||||||
Ingersoll Rand, Inc. | 45,300 | 4,301,235 | ||||||
JB Hunt Transport Services, Inc. | 20,900 | 4,164,325 | ||||||
Paylocity Holding Corp. (a) | 15,300 | 2,629,458 | ||||||
Quanta Services, Inc. | 3,300 | 857,340 | ||||||
Shoals Technologies Group, Inc. Class A (a) | 21,600 | 241,488 | ||||||
Southwest Airlines Co. | 45,200 | 1,319,388 | ||||||
Textron, Inc. | 52,693 | 5,054,839 | ||||||
TransUnion | 49,676 | 3,964,145 | ||||||
United Rentals, Inc. | 2,770 | 1,997,475 | ||||||
Veralto Corp. | 16,200 | 1,436,292 | ||||||
Verisk Analytics, Inc. | 5,800 | 1,367,234 | ||||||
Waste Connections, Inc. | 5,700 | 980,457 | ||||||
56,605,784 | ||||||||
Information Technology — 19.9% | ||||||||
Amphenol Corp. Class A | 21,900 | 2,526,165 | ||||||
Aspen Technology, Inc. (a) | 12,804 | 2,730,837 | ||||||
Astera Labs, Inc. (a) | 709 | 52,601 | ||||||
Atlassian Corp. Class A (a) | 4,700 | 917,017 | ||||||
CCC Intelligent Solutions Holdings, Inc. (a) | 175,601 | 2,100,188 | ||||||
CDW Corp. | 17,450 | 4,463,361 | ||||||
Cognex Corp. | 24,000 | 1,018,080 | ||||||
Crowdstrike Holdings, Inc. Class A (a) | 13,610 | 4,363,230 | ||||||
Fair Isaac Corp. (a) | 2,450 | 3,061,544 | ||||||
Fortinet, Inc. (a) | 20,700 | 1,414,017 | ||||||
Gartner, Inc. (a) | 9,746 | 4,645,626 | ||||||
HubSpot, Inc. (a) | 3,460 | 2,167,898 | ||||||
Keysight Technologies, Inc. (a) | 20,900 | 3,268,342 | ||||||
KLA Corp. | 1,984 | 1,385,963 | ||||||
Lattice Semiconductor Corp. (a) (b) | 40,300 | 3,152,669 | ||||||
Littelfuse, Inc. | 1,800 | 436,230 | ||||||
Marvell Technology, Inc. | 101,407 | 7,187,728 | ||||||
Microchip Technology, Inc. | 85,300 | 7,652,263 | ||||||
MongoDB, Inc. (a) | 8,070 | 2,894,225 | ||||||
NXP Semiconductors NV | 5,400 | 1,337,958 | ||||||
PTC, Inc. (a) | 39,092 | 7,386,042 | ||||||
Pure Storage, Inc. Class A (a) | 13,300 | 691,467 | ||||||
Roper Technologies, Inc. | 2,450 | 1,374,058 | ||||||
Silicon Laboratories, Inc. (a) | 15,368 | 2,208,689 | ||||||
Tyler Technologies, Inc. (a) | 5,300 | 2,252,553 | ||||||
70,688,751 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Materials — 4.2% | ||||||||
Avery Dennison Corp. | 16,000 | $ | 3,572,000 | |||||
Ball Corp. | 72,747 | 4,900,238 | ||||||
Martin Marietta Materials, Inc. | 6,460 | 3,966,052 | ||||||
RPM International, Inc. | 9,900 | 1,177,605 | ||||||
Sealed Air Corp. | 40,000 | 1,488,000 | ||||||
15,103,895 | ||||||||
Real Estate — 1.7% | ||||||||
CoStar Group, Inc. (a) | 41,797 | 4,037,590 | ||||||
SBA Communications Corp. | 9,587 | 2,077,503 | ||||||
6,115,093 | ||||||||
TOTAL COMMON STOCK (Cost $249,732,400) | 343,989,895 | |||||||
PREFERRED STOCK — 0.2% | ||||||||
Consumer Discretionary — 0.0% | ||||||||
Nuro, Inc., Series D (Acquired 10/29/21, Cost $159,220) (a) (c) (d) (e) | 7,638 | 31,239 | ||||||
Health Care — 0.0% | ||||||||
Caris Life Sciences, Inc., Series D (Acquired 5/11/21, Cost $271,366) (a) (c) (d) (e) | 33,502 | 121,947 | ||||||
Industrials — 0.1% | ||||||||
Sila Nanotechnologies, Inc., Series F (Acquired 1/07/21, Cost $407,982) (a) (c) (d) (e) | 9,885 | 200,468 | ||||||
Information Technology — 0.0% | ||||||||
Databricks, Inc., Series H (Acquired 8/31/21, Cost $185,327) (a) (c) (d) (e) | 2,522 | 185,367 | ||||||
Materials — 0.1% | ||||||||
Redwood Materials, Inc., Series C (Acquired 5/28/21, Cost $200,090) (a) (c) (d) (e) | 4,221 | 201,493 | ||||||
TOTAL PREFERRED STOCK (Cost $1,223,984) | 740,514 | |||||||
TOTAL EQUITIES (Cost $250,956,384) | 344,730,409 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $250,956,384) | 344,730,409 | |||||||
SHORT-TERM INVESTMENTS — 2.8% | ||||||||
Investment of Cash Collateral from Securities Loaned — 0.2% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (f) | 542,618 | 542,618 | ||||||
Mutual Fund — 0.0% | ||||||||
T. Rowe Price Treasury Reserve Fund | 108 | 108 |
MML Mid Cap Growth Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Repurchase Agreement — 2.6% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (g) | $ | 9,351,186 | $ | 9,351,186 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $9,893,912) | 9,893,912 | |||||||
TOTAL INVESTMENTS — 99.6% (Cost $260,850,296) (h) | 354,624,321 | |||||||
Other Assets/(Liabilities) — 0.4% | 1,369,333 | |||||||
NET ASSETS — 100.0% | $ | 355,993,654 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $8,950,689 or 2.51% of net assets. The Fund received $8,662,760 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Investment is valued using significant unobservable inputs. |
(d) | This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2024, these securities amounted to a value of $740,514 or 0.21% of net assets. |
(e) | Restricted security. Certain securities are restricted to resale. At March 31, 2024, these securities amounted to a value of $740,514 or 0.21% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities. |
(f) | Represents investment of security lending cash collateral. (Note 2). |
(g) | Maturity value of $9,352,848. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $9,538,241. |
(h) | See Note 3 for aggregate cost for federal tax purposes. |
MML Mid Cap Value Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.3% | ||||||||
COMMON STOCK — 98.5% | ||||||||
Communication Services — 3.1% | ||||||||
BCE, Inc. | 58,706 | $ | 1,994,933 | |||||
Electronic Arts, Inc. | 7,113 | 943,682 | ||||||
Fox Corp. Class B | 56,751 | 1,624,214 | ||||||
Interpublic Group of Cos., Inc. | 102,213 | 3,335,210 | ||||||
Omnicom Group, Inc. | 6,332 | 612,684 | ||||||
8,510,723 | ||||||||
Consumer Discretionary — 3.5% | ||||||||
Aptiv PLC (a) | 25,629 | 2,041,350 | ||||||
BorgWarner, Inc. | 66,232 | 2,300,900 | ||||||
Cie Generale des Etablissements Michelin SCA Class A | 24,595 | 942,974 | ||||||
Darden Restaurants, Inc. | 8,855 | 1,480,113 | ||||||
Mohawk Industries, Inc. (a) | 13,365 | 1,749,345 | ||||||
Sodexo SA | 10,993 | 942,556 | ||||||
9,457,238 | ||||||||
Consumer Staples — 11.3% | ||||||||
Conagra Brands, Inc. | 221,476 | 6,564,549 | ||||||
Dollar Tree, Inc. (a) | 28,782 | 3,832,323 | ||||||
General Mills, Inc. | 46,328 | 3,241,570 | ||||||
Heineken NV | 21,751 | 2,095,831 | ||||||
Kenvue, Inc. | 139,553 | 2,994,807 | ||||||
Kimberly-Clark Corp. | 41,762 | 5,401,915 | ||||||
Koninklijke Ahold Delhaize NV | 169,848 | 5,078,426 | ||||||
Pernod Ricard SA | 8,381 | 1,355,118 | ||||||
30,564,539 | ||||||||
Energy — 5.7% | ||||||||
Baker Hughes Co. | 87,534 | 2,932,389 | ||||||
Coterra Energy, Inc. | 50,672 | 1,412,735 | ||||||
Enterprise Products Partners LP (b) | 189,929 | 5,542,128 | ||||||
EQT Corp. | 59,556 | 2,207,741 | ||||||
Occidental Petroleum Corp. | 51,150 | 3,324,239 | ||||||
15,419,232 | ||||||||
Financials — 16.9% | ||||||||
Aflac, Inc. | 20,042 | 1,720,806 | ||||||
AllianceBernstein Holding LP (b) | 22,743 | 790,092 | ||||||
Allstate Corp. | 27,140 | 4,695,491 | ||||||
Ameriprise Financial, Inc. | 3,350 | 1,468,774 | ||||||
Bank of New York Mellon Corp. | 100,259 | 5,776,924 | ||||||
Commerce Bancshares, Inc. | 45,123 | 2,400,544 | ||||||
First Hawaiian, Inc. | 62,012 | 1,361,783 | ||||||
Hanover Insurance Group, Inc. | 16,181 | 2,203,367 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Northern Trust Corp. | 65,934 | $ | 5,862,851 | |||||
PNC Financial Services Group, Inc. | 9,072 | 1,466,035 | ||||||
Reinsurance Group of America, Inc. | 19,750 | 3,809,380 | ||||||
T. Rowe Price Group, Inc. | 27,560 | 3,360,115 | ||||||
Truist Financial Corp. | 102,904 | 4,011,198 | ||||||
US Bancorp | 26,905 | 1,202,653 | ||||||
Westamerica BanCorp | 27,603 | 1,349,235 | ||||||
Willis Towers Watson PLC | 15,252 | 4,194,300 | ||||||
45,673,548 | ||||||||
Health Care — 15.3% | ||||||||
Becton Dickinson & Co. | 8,214 | 2,032,554 | ||||||
Cardinal Health, Inc. | 26,979 | 3,018,950 | ||||||
Cencora, Inc. | 4,328 | 1,051,661 | ||||||
Centene Corp. (a) | 24,719 | 1,939,947 | ||||||
DENTSPLY SIRONA, Inc. | 49,391 | 1,639,287 | ||||||
Envista Holdings Corp. (a) | 78,670 | 1,681,965 | ||||||
GE HealthCare Technologies, Inc. (a) | 18,415 | 1,674,108 | ||||||
Henry Schein, Inc. (a) | 71,338 | 5,387,446 | ||||||
Hologic, Inc. (a) | 31,201 | 2,432,430 | ||||||
Laboratory Corp. of America Holdings | 12,600 | 2,752,596 | ||||||
Quest Diagnostics, Inc. | 40,341 | 5,369,790 | ||||||
Universal Health Services, Inc. Class B | 22,108 | 4,033,826 | ||||||
Zimmer Biomet Holdings, Inc. | 62,777 | 8,285,308 | ||||||
41,299,868 | ||||||||
Industrials — 14.3% | ||||||||
Atkore, Inc. | 4,089 | 778,382 | ||||||
Beacon Roofing Supply, Inc. (a) | 29,227 | 2,864,831 | ||||||
Bunzl PLC | 66,956 | 2,578,382 | ||||||
Cie de Saint-Gobain SA | 26,259 | 2,036,275 | ||||||
Cummins, Inc. | 4,639 | 1,366,881 | ||||||
Dover Corp. | 4,532 | 803,025 | ||||||
Emerson Electric Co. | 35,691 | 4,048,073 | ||||||
General Dynamics Corp. | 3,805 | 1,074,875 | ||||||
Heartland Express, Inc. | 75,009 | 895,608 | ||||||
Huntington Ingalls Industries, Inc. | 6,243 | 1,819,647 | ||||||
Johnson Controls International PLC | 32,422 | 2,117,805 | ||||||
MSC Industrial Direct Co., Inc. Class A | 21,408 | 2,077,432 | ||||||
Norfolk Southern Corp. | 17,079 | 4,352,925 | ||||||
Oshkosh Corp. | 20,230 | 2,522,883 | ||||||
Republic Services, Inc. | 8,329 | 1,594,504 | ||||||
Southwest Airlines Co. | 109,790 | 3,204,770 | ||||||
Timken Co. | 15,523 | 1,357,176 | ||||||
Vinci SA | 24,846 | 3,182,470 | ||||||
38,675,944 | ||||||||
Information Technology — 6.4% | ||||||||
Amdocs Ltd. | 35,558 | 3,213,376 | ||||||
Cognizant Technology Solutions Corp. Class A | 17,152 | 1,257,070 | ||||||
F5, Inc. (a) | 17,921 | 3,397,642 | ||||||
HP, Inc. | 94,776 | 2,864,131 | ||||||
Juniper Networks, Inc. | 53,382 | 1,978,337 | ||||||
TE Connectivity Ltd. | 17,844 | 2,591,663 |
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Teradyne, Inc. | 18,901 | $ | 2,132,600 | |||||
17,434,819 | ||||||||
Materials — 3.8% | ||||||||
Akzo Nobel NV | 40,077 | 2,989,202 | ||||||
Amcor PLC | 201,838 | 1,919,479 | ||||||
Packaging Corp. of America | 16,284 | 3,090,378 | ||||||
Sonoco Products Co. | 37,527 | 2,170,562 | ||||||
10,169,621 | ||||||||
Real Estate — 6.6% | ||||||||
Equity Residential | 31,132 | 1,964,741 | ||||||
Essex Property Trust, Inc. | 5,168 | 1,265,178 | ||||||
Healthpeak Properties, Inc. | 165,607 | 3,105,131 | ||||||
Public Storage | 9,961 | 2,889,288 | ||||||
Realty Income Corp. | 76,086 | 4,116,253 | ||||||
Regency Centers Corp. | 46,249 | 2,800,839 | ||||||
VICI Properties, Inc. | 55,436 | 1,651,438 | ||||||
17,792,868 | ||||||||
Utilities — 11.6% | ||||||||
CMS Energy Corp. | 41,122 | 2,481,301 | ||||||
Duke Energy Corp. | 43,542 | 4,210,947 | ||||||
Edison International | 62,490 | 4,419,918 | ||||||
Evergy, Inc. | 56,155 | 2,997,554 | ||||||
Eversource Energy | 47,536 | 2,841,227 | ||||||
Northwestern Energy Group, Inc. | 84,255 | 4,291,107 | ||||||
ONE Gas, Inc. | 27,017 | 1,743,407 | ||||||
Pinnacle West Capital Corp. | 35,290 | 2,637,222 | ||||||
Spire, Inc. | 50,466 | 3,097,098 | ||||||
WEC Energy Group, Inc. | 30,889 | 2,536,605 | ||||||
31,256,386 | ||||||||
TOTAL COMMON STOCK (Cost $257,756,746) | 266,254,786 | |||||||
PREFERRED STOCK — 0.8% | ||||||||
Consumer Staples — 0.8% | ||||||||
Henkel AG & Co. KGaA 2.487% | ||||||||
26,741 | 2,149,103 | |||||||
TOTAL PREFERRED STOCK (Cost $1,781,470) | 2,149,103 | |||||||
TOTAL EQUITIES (Cost $259,538,216) | 268,403,889 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $259,538,216) | 268,403,889 | |||||||
MML Mid Cap Value Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
SHORT-TERM INVESTMENTS — 0.7% | ||||||||
Repurchase Agreement — 0.7% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (c) | $ | 2,016,999 | $ | 2,016,999 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $2,016,999) | 2,016,999 | |||||||
TOTAL INVESTMENTS — 100.0% (Cost $261,555,215) (d) | 270,420,888 | |||||||
Other Assets/(Liabilities) — 0.0% | 30,323 | |||||||
NET ASSETS — 100.0% | $ | 270,451,211 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Security is a Master Limited Partnership. |
(c) | Maturity value of $2,017,358. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $2,057,441. |
(d) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Bank of America N.A. | 6/28/24 | USD | 5,768,247 | EUR | 5,304,633 | $ | 25,293 | |||||||||
Goldman Sachs & Co. | 6/28/24 | USD | 1,701,104 | CAD | 2,307,880 | (4,825) | ||||||||||
JP Morgan Chase Bank N.A. | 6/28/24 | USD | 6,335,532 | EUR | 5,829,593 | 24,240 | ||||||||||
Morgan Stanley & Co. LLC | 6/28/24 | USD | 2,204,490 | GBP | 1,742,095 | 4,719 | ||||||||||
Morgan Stanley & Co. LLC | 6/28/24 | USD | 5,769,836 | EUR | 5,304,633 | 26,881 | ||||||||||
$ | 76,308 |
Currency Legend
CAD | Canadian Dollar |
EUR | Euro |
GBP | British Pound |
USD | U.S. Dollar |
MML Small Cap Growth Equity Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 97.7% | ||||||||
COMMON STOCK — 97.7% | ||||||||
Communication Services — 3.1% | ||||||||
Cargurus, Inc. (a) | 54,997 | $ | 1,269,331 | |||||
Cinemark Holdings, Inc. (a) | 42,975 | 772,260 | ||||||
Criteo SA Sponsored ADR (a) | 21,343 | 748,499 | ||||||
Eventbrite, Inc. Class A (a) | 102,108 | 559,552 | ||||||
New York Times Co. Class A | 19,322 | 835,097 | ||||||
Ziff Davis, Inc. (a) | 10,427 | 657,318 | ||||||
4,842,057 | ||||||||
Consumer Discretionary — 11.1% | ||||||||
Abercrombie & Fitch Co. Class A (a) | 5,265 | 659,862 | ||||||
Acushnet Holdings Corp. | 8,549 | 563,807 | ||||||
American Eagle Outfitters, Inc. | 14,800 | 381,692 | ||||||
Boot Barn Holdings, Inc. (a) | 14,440 | 1,373,966 | ||||||
Boyd Gaming Corp. | 14,173 | 954,126 | ||||||
Carter's, Inc. | 7,888 | 667,956 | ||||||
Century Communities, Inc. | 8,673 | 836,945 | ||||||
Crocs, Inc. (a) | 4,922 | 707,784 | ||||||
Duolingo, Inc. (a) | 1,601 | 353,149 | ||||||
European Wax Center, Inc. Class A (a) | 41,142 | 534,023 | ||||||
Genius Sports Ltd. (a) (b) | 91,849 | 524,458 | ||||||
Global-e Online Ltd. (a) | 16,838 | 612,061 | ||||||
Goodyear Tire & Rubber Co. (a) | 50,565 | 694,257 | ||||||
H&R Block, Inc. | 18,511 | 909,075 | ||||||
Modine Manufacturing Co. (a) | 7,183 | 683,750 | ||||||
Papa John's International, Inc. | 10,055 | 669,663 | ||||||
Patrick Industries, Inc. | 4,428 | 529,013 | ||||||
Skyline Champion Corp. (a) | 26,058 | 2,215,191 | ||||||
Steven Madden Ltd. (b) | 17,991 | 760,659 | ||||||
Visteon Corp. (a) | 5,012 | 589,461 | ||||||
Wingstop, Inc. | 2,392 | 876,429 | ||||||
YETI Holdings, Inc. (a) | 28,144 | 1,084,951 | ||||||
17,182,278 | ||||||||
Consumer Staples — 4.0% | ||||||||
BellRing Brands, Inc. (a) | 9,716 | 573,536 | ||||||
Celsius Holdings, Inc. (a) | 20,758 | 1,721,254 | ||||||
elf Beauty, Inc. (a) | 11,672 | 2,288,062 | ||||||
Freshpet, Inc. (a) | 8,776 | 1,016,787 | ||||||
Simply Good Foods Co. (a) | 17,310 | 589,059 | ||||||
6,188,698 | ||||||||
Energy — 6.4% | ||||||||
Cactus, Inc. Class A | 21,131 | 1,058,452 | ||||||
Chord Energy Corp. | 11,034 | 1,966,700 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Gulfport Energy Corp. (a) | 6,170 | $ | 987,940 | |||||
Magnolia Oil & Gas Corp. Class A | 34,697 | 900,387 | ||||||
Seadrill Ltd. (a) | 30,163 | 1,517,199 | ||||||
Sitio Royalties Corp. Class A | 32,197 | 795,910 | ||||||
Viper Energy, Inc. | 66,869 | 2,571,782 | ||||||
9,798,370 | ||||||||
Financials — 9.7% | ||||||||
Ameris Bancorp | 18,224 | 881,677 | ||||||
Assured Guaranty Ltd. | 11,127 | 970,831 | ||||||
Cadence Bank | 58,492 | 1,696,268 | ||||||
Hancock Whitney Corp. | 19,649 | 904,640 | ||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b) | 58,346 | 1,657,027 | ||||||
Kemper Corp. | 15,310 | 947,995 | ||||||
MGIC Investment Corp. | 29,153 | 651,861 | ||||||
National Bank Holdings Corp. Class A | 25,131 | 906,475 | ||||||
PJT Partners, Inc. Class A | 14,720 | 1,387,507 | ||||||
PRA Group, Inc. (a) | 35,566 | 927,561 | ||||||
Seacoast Banking Corp. of Florida | 33,472 | 849,854 | ||||||
Selective Insurance Group, Inc. | 7,435 | 811,679 | ||||||
SiriusPoint Ltd. (a) | 64,751 | 822,985 | ||||||
StepStone Group, Inc. Class A | 20,381 | 728,417 | ||||||
UMB Financial Corp. | 9,008 | 783,606 | ||||||
14,928,383 | ||||||||
Health Care — 16.8% | ||||||||
Acadia Healthcare Co., Inc. (a) | 17,551 | 1,390,390 | ||||||
Akero Therapeutics, Inc. (a) (b) | 25,096 | 633,925 | ||||||
Amicus Therapeutics, Inc. (a) | 25,886 | 304,937 | ||||||
Apellis Pharmaceuticals, Inc. (a) | 10,946 | 643,406 | ||||||
Apogee Therapeutics, Inc. (a) | 7,486 | 497,445 | ||||||
Axsome Therapeutics, Inc. (a) | 3,550 | 283,290 | ||||||
Blueprint Medicines Corp. (a) | 6,039 | 572,859 | ||||||
Celldex Therapeutics, Inc. (a) | 13,728 | 576,164 | ||||||
Crinetics Pharmaceuticals, Inc. (a) | 17,978 | 841,550 | ||||||
Cytokinetics, Inc. (a) | 13,137 | 921,035 | ||||||
Disc Medicine, Inc. (a) | 4,473 | 278,489 | ||||||
Evolent Health, Inc. Class A (a) | 21,405 | 701,870 | ||||||
Glaukos Corp. (a) | 5,963 | 562,251 | ||||||
Globus Medical, Inc. Class A (a) | 13,704 | 735,083 | ||||||
Haemonetics Corp. (a) | 22,543 | 1,924,045 | ||||||
HealthEquity, Inc. (a) | 9,528 | 777,771 | ||||||
Immatics NV (a) | 55,906 | 587,572 | ||||||
Immunocore Holdings PLC ADR (a) | 6,161 | 400,465 | ||||||
Inari Medical, Inc. (a) | 12,033 | 577,343 | ||||||
Inspire Medical Systems, Inc. (a) | 4,153 | 892,023 | ||||||
Intellia Therapeutics, Inc. (a) | 6,969 | 191,717 | ||||||
Intra-Cellular Therapies, Inc. (a) | 8,594 | 594,705 | ||||||
Kymera Therapeutics, Inc. (a) | 15,193 | 610,759 | ||||||
Longboard Pharmaceuticals, Inc. (a) | 10,186 | 220,018 | ||||||
Merus NV (a) | 8,984 | 404,549 | ||||||
Morphic Holding, Inc. (a) | 10,552 | 371,430 | ||||||
Myriad Genetics, Inc. (a) | 35,960 | 766,667 | ||||||
PROCEPT BioRobotics Corp. (a) (b) | 31,873 | 1,575,164 | ||||||
Prothena Corp. PLC (a) | 4,575 | 113,323 | ||||||
PTC Therapeutics, Inc. (a) | 8,612 | 250,523 | ||||||
Revolution Medicines, Inc. (a) | 33,605 | 1,083,089 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Rocket Pharmaceuticals, Inc. (a) | 35,989 | $ | 969,544 | |||||
Shockwave Medical, Inc. (a) | 3,225 | 1,050,157 | ||||||
Spyre Therapeutics, Inc. (a) (b) | 4,600 | 174,478 | ||||||
Structure Therapeutics, Inc. ADR (a) | 11,530 | 494,176 | ||||||
Surgery Partners, Inc. (a) | 22,701 | 677,171 | ||||||
Syndax Pharmaceuticals, Inc. (a) | 18,698 | 445,012 | ||||||
Vaxcyte, Inc. (a) | 9,639 | 658,440 | ||||||
Veracyte, Inc. (a) | 25,649 | 568,382 | ||||||
Verona Pharma PLC ADR (a) (b) | 18,424 | 296,442 | ||||||
Xenon Pharmaceuticals, Inc. (a) | 7,656 | 329,591 | ||||||
25,947,250 | ||||||||
Industrials — 23.4% | ||||||||
Acuity Brands, Inc. | 2,884 | 775,017 | ||||||
Air Lease Corp. | 23,851 | 1,226,895 | ||||||
Ameresco, Inc. Class A (a) | 16,193 | 390,737 | ||||||
Applied Industrial Technologies, Inc. | 10,481 | 2,070,522 | ||||||
Aris Water Solutions, Inc. Class A | 23,965 | 339,105 | ||||||
Atmus Filtration Technologies, Inc. (a) | 14,200 | 457,950 | ||||||
AZEK Co., Inc. (a) | 54,201 | 2,721,974 | ||||||
Boise Cascade Co. | 6,964 | 1,068,069 | ||||||
Casella Waste Systems, Inc. Class A (a) | 9,147 | 904,364 | ||||||
Comfort Systems USA, Inc. | 4,715 | 1,498,003 | ||||||
Curtiss-Wright Corp. | 5,371 | 1,374,654 | ||||||
Enpro, Inc. | 5,800 | 978,866 | ||||||
Exlservice Holdings, Inc. (a) | 41,221 | 1,310,828 | ||||||
Flowserve Corp. | 20,590 | 940,551 | ||||||
Fluor Corp. (a) | 70,103 | 2,963,955 | ||||||
GATX Corp. | 5,838 | 782,467 | ||||||
Helios Technologies, Inc. | 17,040 | 761,518 | ||||||
Herc Holdings, Inc. | 4,170 | 701,811 | ||||||
Kennametal, Inc. (b) | 20,928 | 521,944 | ||||||
Kirby Corp. (a) | 10,269 | 978,841 | ||||||
Leonardo DRS, Inc. (a) | 25,788 | 569,657 | ||||||
ManpowerGroup, Inc. | 9,455 | 734,086 | ||||||
McGrath RentCorp | 5,950 | 734,052 | ||||||
Middleby Corp. (a) | 4,498 | 723,233 | ||||||
NEXTracker, Inc. Class A (a) | 12,433 | 699,605 | ||||||
Rush Enterprises, Inc. Class A | 40,889 | 2,188,379 | ||||||
RXO, Inc. (a) | 32,774 | 716,767 | ||||||
Ryder System, Inc. | 6,888 | 827,869 | ||||||
Shoals Technologies Group, Inc. Class A (a) | 93,664 | 1,047,164 | ||||||
TriNet Group, Inc. | 9,061 | 1,200,492 | ||||||
Verra Mobility Corp. (a) | 76,753 | 1,916,522 | ||||||
Zurn Elkay Water Solutions Corp. Class C | 61,279 | 2,051,008 | ||||||
36,176,905 | ||||||||
Information Technology — 13.5% | ||||||||
Belden, Inc. | 8,782 | 813,301 | ||||||
Calix, Inc. (a) | 8,279 | 274,532 | ||||||
Cirrus Logic, Inc. (a) | 6,511 | 602,658 | ||||||
Clearwater Analytics Holdings, Inc. Class A (a) | 38,626 | 683,294 | ||||||
Crane NXT Co. | 14,177 | 877,556 | ||||||
CyberArk Software Ltd. (a) | 4,685 | 1,244,477 | ||||||
DoubleVerify Holdings, Inc. (a) | 50,703 | 1,782,717 | ||||||
ePlus, Inc. (a) | 6,078 | 477,366 | ||||||
Fabrinet (a) | 2,056 | 388,625 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Five9, Inc. (a) | 11,693 | $ | 726,252 | |||||
FormFactor, Inc. (a) | 16,568 | 755,998 | ||||||
Intapp, Inc. (a) | 10,607 | 363,820 | ||||||
Jamf Holding Corp. (a) | 77,758 | 1,426,859 | ||||||
Manhattan Associates, Inc. (a) | 3,263 | 816,501 | ||||||
MKS Instruments, Inc. | 5,392 | 717,136 | ||||||
Novanta, Inc. (a) | 5,818 | 1,016,812 | ||||||
Perficient, Inc. (a) | 11,381 | 640,637 | ||||||
Power Integrations, Inc. | 8,887 | 635,865 | ||||||
PowerSchool Holdings, Inc. Class A (a) | 50,224 | 1,069,269 | ||||||
Rapid7, Inc. (a) | 12,359 | 606,085 | ||||||
SiTime Corp. (a) | 4,200 | 391,566 | ||||||
Sprout Social, Inc. Class A (a) | 26,708 | 1,594,735 | ||||||
Squarespace, Inc. Class A (a) | 34,816 | 1,268,695 | ||||||
Synaptics, Inc. (a) | 6,759 | 659,408 | ||||||
Universal Display Corp. | 2,121 | 357,282 | ||||||
Viavi Solutions, Inc. (a) | 73,307 | 666,361 | ||||||
20,857,807 | ||||||||
Materials — 3.5% | ||||||||
Arcadium Lithium PLC (a) (b) | 171,931 | 741,022 | ||||||
Cabot Corp. | 30,586 | 2,820,029 | ||||||
Graphic Packaging Holding Co. | 33,216 | 969,243 | ||||||
Methanex Corp. | 19,176 | 855,825 | ||||||
5,386,119 | ||||||||
Real Estate — 5.2% | ||||||||
American Healthcare REIT, Inc. | 41,817 | 616,801 | ||||||
Douglas Emmett, Inc. (b) | 43,602 | 604,760 | ||||||
Essential Properties Realty Trust, Inc. | 32,456 | 865,277 | ||||||
National Storage Affiliates Trust | 18,637 | 729,825 | ||||||
Phillips Edison & Co., Inc. | 46,746 | 1,676,779 | ||||||
PotlatchDeltic Corp. | 9,926 | 466,720 | ||||||
Ryman Hospitality Properties, Inc. | 11,402 | 1,318,185 | ||||||
Terreno Realty Corp. | 12,502 | 830,133 | ||||||
Xenia Hotels & Resorts, Inc. | 56,687 | 850,872 | ||||||
7,959,352 | ||||||||
Utilities — 1.0% | ||||||||
IDACORP, Inc. | 7,947 | 738,197 | ||||||
ONE Gas, Inc. | 12,198 | 787,137 | ||||||
1,525,334 | ||||||||
TOTAL COMMON STOCK (Cost $123,394,397) | 150,792,553 | |||||||
TOTAL EQUITIES (Cost $123,394,397) | 150,792,553 | |||||||
EXCHANGE-TRADED FUNDS — 1.0% | ||||||||
iShares Russell 2000 ETF (b) | 5,178 | 1,088,933 |
MML Small Cap Growth Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
iShares Russell 2000 Growth ETF (b) | 1,731 | $ | 468,755 | |||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $1,525,870) | 1,557,688 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $124,920,267) | 152,350,241 | |||||||
SHORT-TERM INVESTMENTS — 2.1% | ||||||||
Investment of Cash Collateral from Securities Loaned — 1.0% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 1,517,043 | 1,517,043 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 1.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d) | $ | 1,736,926 | 1,736,926 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $3,253,969) | 3,253,969 | |||||||
TOTAL INVESTMENTS — 100.8% (Cost $128,174,236) (e) | 155,604,210 | |||||||
Other Assets/(Liabilities) — (0.8)% | (1,213,877) | |||||||
NET ASSETS — 100.0% | $ | 154,390,333 |
Abbreviation Legend
ADR | American Depositary Receipt |
ETF | Exchange-Traded Fund |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $7,672,352 or 4.97% of net assets. The Fund received $6,364,198 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $1,737,235. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $1,771,774. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
MML Small Company Value Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 101.0% | ||||||||
COMMON STOCK — 101.0% | ||||||||
Communication Services — 1.7% | ||||||||
Cable One, Inc. | 2,398 | $ | 1,014,666 | |||||
Entravision Communications Corp. Class A | 106,937 | 175,377 | ||||||
Townsquare Media, Inc. Class A | 6,339 | 69,602 | ||||||
1,259,645 | ||||||||
Consumer Discretionary — 12.4% | ||||||||
Accel Entertainment, Inc. (a) | 33,516 | 395,154 | ||||||
Boyd Gaming Corp. | 7,878 | 530,347 | ||||||
BRP, Inc. (b) | 7,507 | 503,720 | ||||||
Brunswick Corp. | 10,765 | 1,039,038 | ||||||
Cavco Industries, Inc. (a) | 863 | 344,389 | ||||||
Dave & Buster's Entertainment, Inc. (a) | 11,364 | 711,386 | ||||||
Everi Holdings, Inc. (a) | 46,521 | 467,536 | ||||||
Malibu Boats, Inc. Class A (a) | 7,422 | 321,224 | ||||||
MarineMax, Inc. (a) | 22,197 | 738,272 | ||||||
OneWater Marine, Inc. Class A (a) (b) | 16,838 | 473,990 | ||||||
Penske Automotive Group, Inc. | 3,280 | 531,327 | ||||||
Red Robin Gourmet Burgers, Inc. (a) (b) | 7,638 | 58,507 | ||||||
Skyline Champion Corp. (a) | 13,957 | 1,186,484 | ||||||
Solo Brands, Inc. Class A (a) (b) | 52,978 | 114,962 | ||||||
Tapestry, Inc. | 31,144 | 1,478,717 | ||||||
Topgolf Callaway Brands Corp. (a) | 18,922 | 305,969 | ||||||
9,201,022 | ||||||||
Consumer Staples — 3.7% | ||||||||
Edgewell Personal Care Co. | 31,798 | 1,228,675 | ||||||
Spectrum Brands Holdings, Inc. | 13,266 | 1,180,806 | ||||||
Turning Point Brands, Inc. | 10,350 | 303,255 | ||||||
2,712,736 | ||||||||
Energy — 11.1% | ||||||||
Cactus, Inc. Class A | 22,135 | 1,108,742 | ||||||
ChampionX Corp. | 52,774 | 1,894,059 | ||||||
Chord Energy Corp. | 6,656 | 1,186,365 | ||||||
Mach Natural Resources LP | 18,648 | 359,906 | ||||||
Magnolia Oil & Gas Corp. Class A | 59,045 | 1,532,218 | ||||||
Northern Oil & Gas, Inc. | 34,836 | 1,382,293 | ||||||
Permian Resources Corp. (b) | 41,619 | 734,992 | ||||||
8,198,575 | ||||||||
Financials — 31.3% | ||||||||
A-Mark Precious Metals, Inc. (b) | 18,172 | 557,699 | ||||||
Ameris Bancorp | 17,999 | 870,792 | ||||||
Axis Capital Holdings Ltd. | 23,879 | 1,552,612 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Axos Financial, Inc. (a) | 3,387 | $ | 183,033 | |||||
Banc of California, Inc. | 22,344 | 339,852 | ||||||
BankUnited, Inc. | 10,492 | 293,776 | ||||||
Columbia Banking System, Inc. | 44,436 | 859,837 | ||||||
Compass Diversified Holdings (b) | 54,867 | 1,320,649 | ||||||
CVB Financial Corp. | 53,764 | 959,150 | ||||||
Enact Holdings, Inc. | 3,490 | 108,818 | ||||||
Euronet Worldwide, Inc. (a) | 10,343 | 1,137,006 | ||||||
EVERTEC, Inc. | 41,646 | 1,661,675 | ||||||
Fidelis Insurance Holdings Ltd. | 19,079 | 371,659 | ||||||
First BanCorp | 46,892 | 822,486 | ||||||
First Interstate BancSystem, Inc. Class A | 24,618 | 669,856 | ||||||
First Merchants Corp. | 9,119 | 318,253 | ||||||
FNB Corp. | 122,191 | 1,722,893 | ||||||
Hamilton Insurance Group Ltd. Class B (a) | 18,046 | 251,381 | ||||||
Home BancShares, Inc. | 53,284 | 1,309,188 | ||||||
Old National Bancorp | 107,932 | 1,879,096 | ||||||
Origin Bancorp, Inc. | 1,512 | 47,235 | ||||||
Pacific Premier Bancorp, Inc. | 27,950 | 670,800 | ||||||
Patria Investments Ltd. Class A | 16,976 | 251,924 | ||||||
Popular, Inc. | 6,162 | 542,810 | ||||||
Provident Financial Services, Inc. | 12,416 | 180,901 | ||||||
Repay Holdings Corp. (a) | 24,444 | 268,884 | ||||||
SouthState Corp. | 16,630 | 1,414,049 | ||||||
UMB Financial Corp. | 10,800 | 939,492 | ||||||
Valley National Bancorp | 56,973 | 453,505 | ||||||
Webster Financial Corp. | 22,727 | 1,153,850 | ||||||
23,113,161 | ||||||||
Health Care — 2.2% | ||||||||
AMN Healthcare Services, Inc. (a) | 3,623 | 226,474 | ||||||
Embecta Corp. | 31,850 | 422,650 | ||||||
Enovis Corp. (a) | 8,071 | 504,034 | ||||||
Envista Holdings Corp. (a) | 22,622 | 483,658 | ||||||
1,636,816 | ||||||||
Industrials — 18.8% | ||||||||
Atmus Filtration Technologies, Inc. (a) | 17,840 | 575,340 | ||||||
Barrett Business Services, Inc. | 1,698 | 215,171 | ||||||
Beacon Roofing Supply, Inc. (a) | 13,382 | 1,311,704 | ||||||
Brink's Co. | 15,796 | 1,459,234 | ||||||
Deluxe Corp. | 27,789 | 572,175 | ||||||
DIRTT Environmental Solutions (a) | 117,114 | 57,854 | ||||||
DXP Enterprises, Inc. (a) | 7,015 | 376,916 | ||||||
Gates Industrial Corp. PLC (a) | 71,986 | 1,274,872 | ||||||
GMS, Inc. (a) | 11,038 | 1,074,439 | ||||||
Hillman Solutions Corp. (a) | 59,244 | 630,356 | ||||||
IBEX Holdings Ltd. (a) | 12,681 | 195,668 | ||||||
Karat Packaging, Inc. | 1,896 | 54,245 | ||||||
Korn Ferry | 16,002 | 1,052,292 | ||||||
Loomis AB | 15,047 | 419,524 | ||||||
Luxfer Holdings PLC | 6,354 | 65,891 | ||||||
NV5 Global, Inc. (a) | 4,024 | 394,392 | ||||||
Science Applications International Corp. | 3,447 | 449,454 | ||||||
Sensata Technologies Holding PLC | 12,590 | 462,557 | ||||||
Tecnoglass, Inc. (b) | 19,869 | 1,033,784 | ||||||
Timken Co. | 18,806 | 1,644,209 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Titan Machinery, Inc. (a) | 10,246 | $ | 254,203 | |||||
Verra Mobility Corp. (a) | 11,566 | 288,803 | ||||||
13,863,083 | ||||||||
Information Technology — 8.6% | ||||||||
Avnet, Inc. | 26,539 | 1,315,803 | ||||||
Axcelis Technologies, Inc. (a) | 3,340 | 372,477 | ||||||
Belden, Inc. | 5,888 | 545,288 | ||||||
Coherent Corp. (a) | 18,549 | 1,124,440 | ||||||
Cohu, Inc. (a) | 11,987 | 399,527 | ||||||
Kulicke & Soffa Industries, Inc. | 21,354 | 1,074,320 | ||||||
MKS Instruments, Inc. | 1,400 | 186,200 | ||||||
Teradata Corp. (a) | 33,719 | 1,303,914 | ||||||
6,321,969 | ||||||||
Materials — 5.2% | ||||||||
Graphic Packaging Holding Co. | 71,900 | 2,098,042 | ||||||
Ingevity Corp. (a) | 6,918 | 329,989 | ||||||
Minerals Technologies, Inc. | 10,974 | 826,123 | ||||||
Pactiv Evergreen, Inc. | 42,255 | 605,091 | ||||||
3,859,245 | ||||||||
Real Estate — 4.4% | ||||||||
CareTrust REIT, Inc. | 34,293 | 835,720 | ||||||
Ryman Hospitality Properties, Inc. | 8,039 | 929,389 | ||||||
Terreno Realty Corp. | 14,925 | 991,020 | ||||||
UMH Properties, Inc. | 29,749 | 483,124 | ||||||
3,239,253 | ||||||||
Utilities — 1.6% | ||||||||
ALLETE, Inc. | 7,590 | 452,667 | ||||||
Southwest Gas Holdings, Inc. | 10,061 | 765,944 | ||||||
1,218,611 | ||||||||
TOTAL COMMON STOCK (Cost $69,307,224) | 74,624,116 | |||||||
TOTAL EQUITIES (Cost $69,307,224) | 74,624,116 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $69,307,224) | 74,624,116 | |||||||
SHORT-TERM INVESTMENTS — 1.6% | ||||||||
Investment of Cash Collateral from Securities Loaned — 1.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (c) | 1,089,088 | 1,089,088 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 0.1% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (d) | $ | 115,946 | 115,946 |
MML Small Company Value Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $1,205,034) | $ | 1,205,034 | ||||||
TOTAL INVESTMENTS — 102.6% (Cost $70,512,258) (e) | 75,829,150 | |||||||
Other Assets/(Liabilities) — (2.6)% | (1,954,990) | |||||||
NET ASSETS — 100.0% | $ | 73,874,160 |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $3,616,831 or 4.90% of net assets. The Fund received $2,580,332 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2). |
(c) | Represents investment of security lending cash collateral. (Note 2). |
(d) | Maturity value of $115,967. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $118,317. |
(e) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
UBS AG | 6/28/24 | USD | 365,765 | SEK | 3,842,101 | $ | 5,543 |
Currency Legend
SEK | Swedish Krona |
USD | U.S. Dollar |
MML Small/Mid Cap Value Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 98.6% | ||||||||
COMMON STOCK — 98.6% | ||||||||
Communication Services — 2.6% | ||||||||
Criteo SA Sponsored ADR (a) | 42,701 | $ | 1,497,524 | |||||
Nexstar Media Group, Inc. | 12,114 | 2,087,121 | ||||||
3,584,645 | ||||||||
Consumer Discretionary — 18.3% | ||||||||
Adient PLC (a) | 45,562 | 1,499,901 | ||||||
ADT, Inc. | 232,631 | 1,563,280 | ||||||
AutoNation, Inc. (a) | 9,490 | 1,571,354 | ||||||
Bath & Body Works, Inc. | 40,787 | 2,040,166 | ||||||
BorgWarner, Inc. | 51,176 | 1,777,854 | ||||||
Brunswick Corp. | 19,311 | 1,863,898 | ||||||
Dick's Sporting Goods, Inc. | 10,444 | 2,348,438 | ||||||
Dine Brands Global, Inc. | 20,281 | 942,661 | ||||||
Papa John's International, Inc. | 8,011 | 533,533 | ||||||
PulteGroup, Inc. | 17,617 | 2,124,962 | ||||||
PVH Corp. | 16,758 | 2,356,342 | ||||||
Ralph Lauren Corp. | 10,245 | 1,923,601 | ||||||
Tapestry, Inc. | 34,150 | 1,621,442 | ||||||
Taylor Morrison Home Corp. (a) | 25,104 | 1,560,716 | ||||||
Williams-Sonoma, Inc. | 5,252 | 1,667,668 | ||||||
25,395,816 | ||||||||
Consumer Staples — 2.5% | ||||||||
Lamb Weston Holdings, Inc. | 16,839 | 1,793,859 | ||||||
Nomad Foods Ltd. | 84,913 | 1,660,898 | ||||||
3,454,757 | ||||||||
Energy — 5.4% | ||||||||
Cameco Corp. | 43,654 | 1,891,091 | ||||||
ChampionX Corp. | 45,740 | 1,641,609 | ||||||
HF Sinclair Corp. | 18,096 | 1,092,456 | ||||||
International Seaways, Inc. | 20,877 | 1,110,656 | ||||||
Magnolia Oil & Gas Corp. Class A | 68,070 | 1,766,416 | ||||||
7,502,228 | ||||||||
Financials — 17.4% | ||||||||
American Financial Group, Inc. | 10,517 | 1,435,360 | ||||||
BankUnited, Inc. | 26,087 | 730,436 | ||||||
Cboe Global Markets, Inc. | 10,124 | 1,860,082 | ||||||
Comerica, Inc. | 31,594 | 1,737,354 | ||||||
Everest Group Ltd. | 3,460 | 1,375,350 | ||||||
Federated Hermes, Inc. | 18,930 | 683,752 | ||||||
First BanCorp | 95,772 | 1,679,841 | ||||||
First Citizens BancShares, Inc. Class A | 1,383 | 2,261,205 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
First Hawaiian, Inc. | 73,300 | $ | 1,609,668 | |||||
Hanover Insurance Group, Inc. | 7,028 | 957,003 | ||||||
Kemper Corp. | 17,304 | 1,071,464 | ||||||
Moelis & Co. Class A | 19,756 | 1,121,548 | ||||||
Stifel Financial Corp. | 19,971 | 1,561,133 | ||||||
Texas Capital Bancshares, Inc. (a) | 21,914 | 1,348,807 | ||||||
Walker & Dunlop, Inc. | 1,778 | 179,685 | ||||||
Webster Financial Corp. | 27,083 | 1,375,004 | ||||||
Wintrust Financial Corp. | 16,828 | 1,756,675 | ||||||
Zions Bancorp NA | 30,479 | 1,322,788 | ||||||
24,067,155 | ||||||||
Health Care — 5.8% | ||||||||
Acadia Healthcare Co., Inc. (a) | 12,272 | 972,188 | ||||||
AMN Healthcare Services, Inc. (a) | 18,153 | 1,134,744 | ||||||
Avantor, Inc. (a) | 58,480 | 1,495,334 | ||||||
Envista Holdings Corp. (a) | 32,936 | 704,172 | ||||||
Fortrea Holdings, Inc. (a) | 38,408 | 1,541,697 | ||||||
Integra LifeSciences Holdings Corp. (a) | 37,199 | 1,318,704 | ||||||
Pediatrix Medical Group, Inc. (a) | 84,452 | 847,053 | ||||||
8,013,892 | ||||||||
Industrials — 23.8% | ||||||||
ABM Industries, Inc. | 25,616 | 1,142,986 | ||||||
Alaska Air Group, Inc. (a) | 31,146 | 1,338,967 | ||||||
ArcBest Corp. | 12,448 | 1,773,840 | ||||||
Builders FirstSource, Inc. (a) | 12,630 | 2,633,986 | ||||||
Dycom Industries, Inc. (a) | 13,393 | 1,922,297 | ||||||
Fluor Corp. (a) | 40,910 | 1,729,675 | ||||||
Gates Industrial Corp. PLC (a) | 109,030 | 1,930,921 | ||||||
Herc Holdings, Inc. | 10,150 | 1,708,245 | ||||||
Korn Ferry | 9,900 | 651,024 | ||||||
MasTec, Inc. (a) | 20,943 | 1,952,935 | ||||||
Middleby Corp. (a) | 12,771 | 2,053,449 | ||||||
MillerKnoll, Inc. | 49,206 | 1,218,341 | ||||||
Oshkosh Corp. | 14,285 | 1,781,482 | ||||||
Regal Rexnord Corp. | 10,147 | 1,827,475 | ||||||
Robert Half, Inc. | 20,379 | 1,615,647 | ||||||
Sensata Technologies Holding PLC | 28,000 | 1,028,720 | ||||||
Spirit AeroSystems Holdings, Inc. Class A (a) | 23,576 | 850,386 | ||||||
Star Bulk Carriers Corp. | 59,963 | 1,431,317 | ||||||
Stericycle, Inc. (a) | 33,306 | 1,756,891 | ||||||
WillScot Mobile Mini Holdings Corp. (a) | 34,769 | 1,616,759 | ||||||
WNS Holdings Ltd. (a) | 20,409 | 1,031,267 | ||||||
32,996,610 | ||||||||
Information Technology — 9.8% | ||||||||
ACI Worldwide, Inc. (a) | 38,851 | 1,290,242 | ||||||
Amkor Technology, Inc. | 44,170 | 1,424,041 | ||||||
Avnet, Inc. | 24,205 | 1,200,084 | ||||||
Belden, Inc. | 16,004 | 1,482,131 | ||||||
Calix, Inc. (a) | 37,527 | 1,244,395 | ||||||
CommVault Systems, Inc. (a) | 13,856 | 1,405,414 | ||||||
FormFactor, Inc. (a) | 31,578 | 1,440,904 | ||||||
Gen Digital, Inc. | 61,783 | 1,383,939 | ||||||
Lumentum Holdings, Inc. (a) | 26,669 | 1,262,777 |
MML Small/Mid Cap Value Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Synaptics, Inc. (a) | 14,411 | $ | 1,405,937 | |||||
13,539,864 | ||||||||
Materials — 3.7% | ||||||||
ATI, Inc. (a) | 35,280 | 1,805,278 | ||||||
Avient Corp. | 381 | 16,535 | ||||||
Berry Global Group, Inc. | 22,594 | 1,366,485 | ||||||
Element Solutions, Inc. | 75,837 | 1,894,408 | ||||||
5,082,706 | ||||||||
Real Estate — 6.8% | ||||||||
Apartment Income REIT Corp. | 49,224 | 1,598,303 | ||||||
Broadstone Net Lease, Inc. | 50,138 | 785,663 | ||||||
CubeSmart | 18,572 | 839,826 | ||||||
First Industrial Realty Trust, Inc. | 22,254 | 1,169,225 | ||||||
Jones Lang LaSalle, Inc. (a) | 10,173 | 1,984,651 | ||||||
Ryman Hospitality Properties, Inc. | 12,013 | 1,388,823 | ||||||
STAG Industrial, Inc. | 43,828 | 1,684,748 | ||||||
9,451,239 | ||||||||
Utilities — 2.5% | ||||||||
CenterPoint Energy, Inc. | 34,261 | 976,096 | ||||||
IDACORP, Inc. | 12,437 | 1,155,273 | ||||||
Portland General Electric Co. | 31,580 | 1,326,360 | ||||||
3,457,729 | ||||||||
TOTAL COMMON STOCK (Cost $118,471,655) | 136,546,641 | |||||||
TOTAL EQUITIES (Cost $118,471,655) | 136,546,641 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $118,471,655) | 136,546,641 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.5% | ||||||||
Repurchase Agreement — 0.5% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (b) | $ | 729,505 | 729,505 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $729,505) | 729,505 | |||||||
TOTAL INVESTMENTS — 99.1% (Cost $119,201,160) (c) | 137,276,146 | |||||||
Other Assets/(Liabilities) — 0.9% | 1,262,483 | |||||||
NET ASSETS — 100.0% | $ | 138,538,629 |
Abbreviation Legend
ADR | American Depositary Receipt |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Maturity value of $729,635. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $744,133. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
MML Sustainable Equity Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Number of Shares | Value | |||||||
EQUITIES — 99.8% | ||||||||
COMMON STOCK — 99.8% | ||||||||
Communication Services — 8.4% | ||||||||
Alphabet, Inc. Class A (a) | 40,066 | $ | 6,047,161 | |||||
Electronic Arts, Inc. | 3,791 | 502,952 | ||||||
Liberty Media Corp-Liberty Formula One Class C (a) | 2,906 | 190,634 | ||||||
Meta Platforms, Inc. Class A | 7,469 | 3,626,797 | ||||||
Verizon Communications, Inc. | 39,959 | 1,676,680 | ||||||
Walt Disney Co. | 6,432 | 787,019 | ||||||
12,831,243 | ||||||||
Consumer Discretionary — 10.6% | ||||||||
Airbnb, Inc. Class A (a) | 2,325 | 383,532 | ||||||
Amazon.com, Inc. (a) | 28,170 | 5,081,304 | ||||||
Aptiv PLC (a) | 12,747 | 1,015,298 | ||||||
CarMax, Inc. (a) | 6,380 | 555,762 | ||||||
Chipotle Mexican Grill, Inc. (a) | 147 | 427,295 | ||||||
Deckers Outdoor Corp. (a) | 807 | 759,597 | ||||||
Home Depot, Inc. | 6,761 | 2,593,520 | ||||||
LKQ Corp. | 17,482 | 933,714 | ||||||
Starbucks Corp. | 9,200 | 840,788 | ||||||
Tesla, Inc. (a) | 6,885 | 1,210,314 | ||||||
TJX Cos., Inc. | 14,890 | 1,510,144 | ||||||
Tractor Supply Co. | 2,997 | 784,375 | ||||||
16,095,643 | ||||||||
Consumer Staples — 5.6% | ||||||||
Colgate-Palmolive Co. | 4,827 | 434,671 | ||||||
Costco Wholesale Corp. | 1,508 | 1,104,806 | ||||||
Mondelez International, Inc. Class A | 14,074 | 985,180 | ||||||
PepsiCo, Inc. | 10,301 | 1,802,778 | ||||||
Procter & Gamble Co. | 8,021 | 1,301,407 | ||||||
Sysco Corp. | 16,833 | 1,366,503 | ||||||
Target Corp. | 8,370 | 1,483,248 | ||||||
8,478,593 | ||||||||
Energy — 3.7% | ||||||||
ConocoPhillips | 17,046 | 2,169,615 | ||||||
EOG Resources, Inc. | 13,473 | 1,722,388 | ||||||
Schlumberger NV | 31,935 | 1,750,358 | ||||||
5,642,361 | ||||||||
Financials — 13.3% | ||||||||
American Express Co. | 4,184 | 952,655 | ||||||
Ameriprise Financial, Inc. | 2,164 | 948,784 | ||||||
Bank of America Corp. | 37,934 | 1,438,457 | ||||||
BlackRock, Inc. | 1,349 | 1,124,661 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
Block, Inc. (a) | 3,992 | $ | 337,643 | |||||
Intercontinental Exchange, Inc. | 4,966 | 682,477 | ||||||
JP Morgan Chase & Co. | 12,750 | 2,553,825 | ||||||
Marsh & McLennan Cos., Inc. | 4,478 | 922,379 | ||||||
Mastercard, Inc. Class A | 2,986 | 1,437,968 | ||||||
MetLife, Inc. | 10,276 | 761,554 | ||||||
Morgan Stanley | 20,175 | 1,899,678 | ||||||
Progressive Corp. | 4,917 | 1,016,934 | ||||||
Prudential Financial, Inc. | 6,760 | 793,624 | ||||||
Regions Financial Corp. | 54,311 | 1,142,704 | ||||||
S&P Global, Inc. | 3,479 | 1,480,141 | ||||||
Visa, Inc. Class A | 9,526 | 2,658,516 | ||||||
20,152,000 | ||||||||
Health Care — 12.7% | ||||||||
AbbVie, Inc. | 10,834 | 1,972,871 | ||||||
Agilent Technologies, Inc. | 10,837 | 1,576,892 | ||||||
Amgen, Inc. | 3,626 | 1,030,944 | ||||||
Bristol-Myers Squibb Co. | 12,165 | 659,708 | ||||||
Cigna Group | 4,575 | 1,661,594 | ||||||
Danaher Corp. | 7,434 | 1,856,419 | ||||||
Dexcom, Inc. (a) | 2,075 | 287,803 | ||||||
Eli Lilly & Co. | 1,312 | 1,020,684 | ||||||
Intuitive Surgical, Inc. (a) | 2,306 | 920,302 | ||||||
Merck & Co., Inc. | 12,955 | 1,709,412 | ||||||
Novo Nordisk AS Class B | 9,291 | 1,190,139 | ||||||
Thermo Fisher Scientific, Inc. | 2,282 | 1,326,321 | ||||||
UnitedHealth Group, Inc. | 5,063 | 2,504,666 | ||||||
Vertex Pharmaceuticals, Inc. (a) | 1,431 | 598,172 | ||||||
Zoetis, Inc. | 5,723 | 968,389 | ||||||
19,284,316 | ||||||||
Industrials — 8.9% | ||||||||
Cummins, Inc. | 4,003 | 1,179,484 | ||||||
Deere & Co. | 1,623 | 666,631 | ||||||
Eaton Corp. PLC | 5,614 | 1,755,385 | ||||||
FedEx Corp. | 1,794 | 519,793 | ||||||
Generac Holdings, Inc. (a) | 1,447 | 182,525 | ||||||
Honeywell International, Inc. | 5,261 | 1,079,820 | ||||||
Johnson Controls International PLC | 22,573 | 1,474,468 | ||||||
Lockheed Martin Corp. | 1,531 | 696,406 | ||||||
Masco Corp. | 9,683 | 763,795 | ||||||
Parker-Hannifin Corp. | 1,940 | 1,078,233 | ||||||
Uber Technologies, Inc. (a) | 10,539 | 811,398 | ||||||
Union Pacific Corp. | 5,470 | 1,345,237 | ||||||
United Parcel Service, Inc. Class B | 6,952 | 1,033,276 | ||||||
Xylem, Inc. | 7,012 | 906,231 | ||||||
13,492,682 | ||||||||
Information Technology — 30.8% | ||||||||
Accenture PLC Class A | 4,409 | 1,528,203 | ||||||
Adobe, Inc. (a) | 812 | 409,735 | ||||||
Advanced Micro Devices, Inc. (a) | 12,849 | 2,319,116 | ||||||
Analog Devices, Inc. | 7,326 | 1,449,009 | ||||||
Apple, Inc. | 36,123 | 6,194,372 | ||||||
Applied Materials, Inc. | 6,927 | 1,428,555 |
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Number of Shares | Value | |||||||
ASML Holding NV | 747 | $ | 717,182 | |||||
Broadcom, Inc. | 519 | 687,888 | ||||||
Cadence Design Systems, Inc. (a) | 4,652 | 1,448,075 | ||||||
CDW Corp. | 6,023 | 1,540,563 | ||||||
Cisco Systems, Inc. | 31,914 | 1,592,828 | ||||||
Crowdstrike Holdings, Inc. Class A (a) | 902 | 289,172 | ||||||
International Business Machines Corp. | 7,954 | 1,518,896 | ||||||
Keysight Technologies, Inc. (a) | 8,484 | 1,326,728 | ||||||
Microsoft Corp. | 31,689 | 13,332,196 | ||||||
NVIDIA Corp. | 8,985 | 8,118,487 | ||||||
Salesforce, Inc. | 6,173 | 1,859,184 | ||||||
ServiceNow, Inc. (a) | 539 | 410,934 | ||||||
Workday, Inc. Class A (a) | 1,995 | 544,136 | ||||||
46,715,259 | ||||||||
Materials — 2.3% | ||||||||
Ball Corp. | 11,015 | 741,970 | ||||||
Ecolab, Inc. | 4,614 | 1,065,373 | ||||||
Linde PLC | 3,788 | 1,758,844 | ||||||
3,566,187 | ||||||||
Real Estate — 2.2% | ||||||||
Equinix, Inc. | 1,108 | 914,465 | ||||||
Prologis, Inc. | 18,508 | 2,410,112 | ||||||
3,324,577 | ||||||||
Utilities — 1.3% | ||||||||
NextEra Energy, Inc. | 30,570 | 1,953,729 | ||||||
TOTAL COMMON STOCK (Cost $103,237,616) | 151,536,590 | |||||||
TOTAL EQUITIES (Cost $103,237,616) | 151,536,590 | |||||||
EXCHANGE-TRADED FUNDS — 0.1% | ||||||||
SPDR S&P 500 ETF Trust | 168 | 87,876 | ||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $85,989) | 87,876 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $103,323,605) | 151,624,466 | |||||||
Principal Amount | ||||||||
SHORT-TERM INVESTMENTS — 0.2% | ||||||||
Repurchase Agreement — 0.2% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (b) | $ | 337,452 | 337,452 | |||||
TOTAL SHORT-TERM INVESTMENTS (Cost $337,452) | 337,452 | |||||||
MML Sustainable Equity Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
TOTAL INVESTMENTS — 100.1% (Cost $103,661,057) (c) | $ | 151,961,918 | ||||||
Other Assets/(Liabilities) — (0.1)% | (88,990) | |||||||
NET ASSETS — 100.0% | $ | 151,872,928 |
Abbreviation Legend
ETF | Exchange-Traded Fund |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | Non-income producing security. |
(b) | Maturity value of $337,512. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $344,260. |
(c) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Bank of America N.A. | 6/28/24 | EUR | 14,540 | USD | 15,788 | $ | (46) | |||||||||
Bank of America N.A. | 6/28/24 | USD | 212,495 | EUR | 195,416 | 931 | ||||||||||
JP Morgan Chase Bank N.A. | 6/28/24 | USD | 212,440 | EUR | 195,416 | 876 | ||||||||||
Morgan Stanley & Co. LLC | 6/28/24 | USD | 212,554 | EUR | 195,416 | 990 | ||||||||||
$ | 2,751 |
Currency Legend
EUR | Euro |
USD | U.S. Dollar |
MML Total Return Bond Fund — Portfolio of Investments |
March 31, 2024 (Unaudited)
Principal Amount | Value | |||||||
BONDS & NOTES — 114.6% | ||||||||
BANK LOANS — 1.5% | ||||||||
Beverages — 0.1% | ||||||||
City Brewing Co. LLC, Closing Date Term Loan, 3 mo. USD Term SOFR + 3.500% | ||||||||
9.078% VRN 4/05/28 | $ | 50,512 | $ | 38,777 | ||||
Naked Juice LLC | ||||||||
Term Loan, 3 mo. USD Term SOFR + 3.250% | ||||||||
8.659% VRN 1/24/29 | 139,601 | 130,305 | ||||||
2nd Lien Term Loan, 3 mo. USD Term SOFR + 6.000% | ||||||||
11.402% VRN 1/24/30 | 28,134 | 22,657 | ||||||
Triton Water Holdings, Inc., Term Loan, 3 mo. USD Term SOFR + 3.250%, | ||||||||
8.562% VRN 3/31/28 | 26,537 | 26,235 | ||||||
217,974 | ||||||||
Chemicals — 0.0% | ||||||||
Chemours Co., 2023 USD Term Loan B, 1 mo. USD Term SOFR + 3.500% | ||||||||
8.830% VRN 8/18/28 | 66,110 | 65,779 | ||||||
Mativ Holdings, Inc., Delayed Draw Term Loan A, 1 mo. USD Term SOFR + 2.500%, | ||||||||
7.930% VRN 5/06/27 | 17,744 | 17,389 | ||||||
83,168 | ||||||||
Commercial Services — 0.1% | ||||||||
Element Materials Technology Group U.S. Holdings Inc. | ||||||||
2022 USD Term Loan, 3 mo. USD Term SOFR + 4.250% | ||||||||
9.659% VRN 7/06/29 | 20,260 | 20,244 | ||||||
2022 USD Delayed Draw Term Loan, 3 mo. USD Term SOFR + 4.250% | ||||||||
9.659% VRN 7/06/29 | 9,351 | 9,343 | ||||||
Pre-Paid Legal Services, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.750%, | ||||||||
9.195% VRN 12/15/28 | 28,078 | 27,923 | ||||||
Prime Security Services Borrower LLC, 2023 Term Loan A, 6 mo. USD Term SOFR + 2.250% | ||||||||
7.503% VRN 3/14/28 | 24,367 | 24,184 | ||||||
Spin Holdco, Inc., 2021 Term Loan, 3 mo. USD Term SOFR + 4.000% | ||||||||
9.585% VRN 3/04/28 | 111,691 | 103,000 | ||||||
Trans Union, LLC, 2024 Term Loan B6, 1 mo. USD Term SOFR + 2.000%, | ||||||||
7.327% VRN 12/01/28 | 32,086 | 32,054 | ||||||
TruGreen Ltd. Partnership, 2020 Term Loan, 1 mo. USD Term SOFR + 4.000%, | ||||||||
9.430% VRN 11/02/27 | 23,851 | 23,180 | ||||||
239,928 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Computers — 0.0% | ||||||||
Amentum Government Services Holdings LLC, Term Loan B, 1 mo. USD Term SOFR + 4.000% | ||||||||
9.445% VRN 1/29/27 | $ | 28,860 | $ | 28,896 | ||||
Peraton Corp., Term Loan B, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.180% VRN 2/01/28 | 95,370 | 95,192 | ||||||
124,088 | ||||||||
Distribution & Wholesale — 0.0% | ||||||||
Patriot Container Corp., 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750%, | ||||||||
9.177% VRN 3/20/25 | 13,490 | 13,047 | ||||||
Diversified Financial Services — 0.1% | ||||||||
Avolon TLB Borrower 1 (US) LLC, 2023 Term Loan B6, 1 mo. USD Term SOFR + 2.000% | ||||||||
7.329% VRN 6/22/28 | 58,292 | 58,287 | ||||||
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, 3 mo. USD Term SOFR + 3.750% | ||||||||
9.059% VRN 4/09/27 | 58,108 | 57,793 | ||||||
Jane Street Group LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.500% | ||||||||
7.942% VRN 1/26/28 | 51,695 | 51,708 | ||||||
Setanta Aircraft Leasing Designated Activity Co., Term Loan B, 3 mo. USD Term SOFR + 2.000% | ||||||||
7.564% VRN 11/05/28 | 175,000 | 175,255 | ||||||
343,043 | ||||||||
Electronics — 0.0% | ||||||||
II-VI, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.195% VRN 7/02/29 | 80,891 | 80,891 | ||||||
Engineering & Construction — 0.0% | ||||||||
Artera Services LLC, 2024 Term Loan, 3 mo. USD Term SOFR + 4.500% | ||||||||
9.809% VRN 2/15/31 | 36,512 | 36,622 | ||||||
Entertainment — 0.1% | ||||||||
Churchill Downs, Inc., 2021 Incremental Term Loan B1, 1 mo. USD Term SOFR + 2.000% | ||||||||
7.430% VRN 3/17/28 | 49,490 | 49,459 | ||||||
PENN Entertainment, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.177% VRN 5/03/29 | 22,179 | 22,188 | ||||||
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.195% VRN 5/18/25 | 118,816 | 118,646 | ||||||
190,293 | ||||||||
Environmental Controls — 0.0% | ||||||||
Filtration Group Corp., 2023 USD Term Loan, 1 mo. USD Term SOFR + 4.250% | ||||||||
9.695% VRN 10/21/28 | 21,555 | 21,608 | ||||||
Food — 0.0% | ||||||||
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.192% VRN 10/01/25 | 7,262 | 7,122 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Froneri International Ltd., 2020 USD Term Loan, 1 mo. USD Term SOFR+ 2.250% | ||||||||
7.680% VRN 1/29/27 | $ | 32,227 | $ | 32,234 | ||||
H Food Holdings LLC, 2018 Term Loan B, 3 mo. USD Term SOFR + 3.688% | ||||||||
9.292% VRN 5/23/25 (a) | 19,212 | 13,892 | ||||||
53,248 | ||||||||
Health Care – Products — 0.1% | ||||||||
Avantor Funding, Inc., 2021 Term Loan B5, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.680% VRN 11/08/27 | 55,340 | 55,365 | ||||||
Bausch & Lomb Corp. | ||||||||
Term Loan, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.677% VRN 5/10/27 | 31,349 | 30,942 | ||||||
2023 Incremental Term Loan, 1 mo. USD Term SOFR + 4.000% | ||||||||
9.330% VRN 9/29/28 | 28,054 | 28,002 | ||||||
Medline Borrower LP, USD Term Loan B, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.441% VRN 10/23/28 | 81,788 | 81,964 | ||||||
196,273 | ||||||||
Health Care – Services — 0.0% | ||||||||
Star Parent, Inc., Term Loan B, 3 mo. USD Term SOFR + 4.000% | ||||||||
9.309% VRN 9/27/30 | 33,567 | 33,340 | ||||||
Home Furnishing — 0.0% | ||||||||
AI Aqua Merger Sub, Inc., 2021 1st Lien Term Loan B, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.072% VRN 7/31/28 | 41,137 | 41,184 | ||||||
Insurance — 0.1% | ||||||||
Acrisure LLC, 2020 Term Loan B, 1 mo. USD LIBOR + 3.500% | ||||||||
8.945% VRN 2/15/27 | 97,710 | 97,501 | ||||||
AmWINS Group, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.695% VRN 2/19/28 | 172,417 | 172,387 | ||||||
Asurion LLC, 2020 Term Loan B8, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.692% VRN 12/23/26 (a) | 96,852 | 94,741 | ||||||
364,629 | ||||||||
Internet — 0.1% | ||||||||
Arches Buyer, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.680% VRN 12/06/27 | 24,853 | 24,049 | ||||||
Buzz Finco LLC, Term Loan B, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.177% VRN 1/29/27 | 24,368 | 24,399 | ||||||
Gen Digital, Inc., 2021 Term Loan A, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.177% VRN 9/10/27 | 74,876 | 74,579 | ||||||
Magnite, Inc., 2024 Term Loan B, 1 mo. USD Term SOFR + 4.500%, 6 mo. USD Term SOFR + 4.500%, | ||||||||
9.596% - 9.821% VRN 2/06/31 | 14,775 | 14,781 | ||||||
Match Group, Inc., 2020 Term Loan B, 3 mo. USD Term SOFR + 1.750% | ||||||||
7.233% VRN 2/13/27 | 10,674 | 10,648 | ||||||
MH Sub I LLC, 2023 Term Loan, 1 mo. USD Term SOFR + 4.250%, | ||||||||
9.580% VRN 5/03/28 | 17,562 | 17,439 | ||||||
Proofpoint, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.250%, | ||||||||
8.695% VRN 8/31/28 | 4,912 | 4,912 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Research Now Group, Inc., 2017 1st Lien Term Loan, 3 mo. USD Term SOFR + 5.500% | ||||||||
11.068% VRN 12/20/24 (a) | $ | 28,601 | $ | 16,901 | ||||
187,708 | ||||||||
Machinery – Diversified — 0.0% | ||||||||
ASP Blade Holdings, Inc., Initial Term Loan, 3 mo. USD Term SOFR + 4.000%, | ||||||||
9.564% VRN 10/13/28 | 39,620 | 35,638 | ||||||
Media — 0.1% | ||||||||
CSC Holdings LLC, 2019 Term Loan B5, 1 mo. USD LIBOR + 2.500% | ||||||||
7.940% VRN 4/15/27 | 47,055 | 42,273 | ||||||
Virgin Media Bristol LLC, 2023 USD Term Loan Y, 6 mo. USD Term SOFR + 3.250% | ||||||||
8.790% VRN 3/31/31 | 150,000 | 147,483 | ||||||
189,756 | ||||||||
Packaging & Containers — 0.1% | ||||||||
Berry Global, Inc., 2023 Term Loan AA, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.182% VRN 7/01/29 | 225,595 | 225,464 | ||||||
Pharmaceuticals — 0.2% | ||||||||
Carestream Dental Equipment, Inc., 2017 1st Lien Term Loan, 3 mo. USD LIBOR + 3.250% | ||||||||
5.571% VRN 9/01/24 | 8,487 | 7,319 | ||||||
Elanco Animal Health, Inc., Term Loan B, 1 mo. USD Term SOFR+ 1.750% | ||||||||
7.176% VRN 8/01/27 | 166,660 | 165,975 | ||||||
Gainwell Acquisition Corp., Term Loan B, 3 mo. USD Term SOFR + 4.000% | ||||||||
9.409% VRN 10/01/27 | 97,727 | 93,281 | ||||||
Grifols Worldwide Operations USA, Inc., 2019 USD Term Loan B, 3 mo. USD Term SOFR + 2.000% | ||||||||
7.459% VRN 11/15/27 | 240,733 | 232,818 | ||||||
Jazz Financing Lux SARL, USD Term Loan, | ||||||||
0.000% 5/05/28 (a) | 121,332 | 121,939 | ||||||
Organon & Co., USD Term Loan, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.433% VRN 6/02/28 | 252,592 | 253,330 | ||||||
874,662 | ||||||||
Private Equity — 0.0% | ||||||||
GTCR W Merger Sub LLC, USD Term Loan B, 1 mo. USD Term SOFR + 3.000% | ||||||||
8.309% VRN 1/31/31 | 65,208 | 65,384 | ||||||
Retail — 0.1% | ||||||||
1011778 BC Unlimited Liability Co., 2023 Term Loan B5, 1 mo. USD Term SOFR + 2.250% | ||||||||
7.580% VRN 9/20/30 | 43,047 | 43,004 | ||||||
KFC Holding Co., 2021 Term Loan B, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.191% VRN 3/15/28 | 38,916 | 38,863 | ||||||
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.250% | ||||||||
9.821% VRN 4/15/28 | 233,400 | 208,893 | ||||||
Whatabrands LLC, 2021 Term Loan B, 1 mo. USD Term SOFR + 3.250%, | ||||||||
8.692% VRN 8/03/28 | 17,791 | 17,790 | ||||||
308,550 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Software — 0.2% | ||||||||
Athenahealth Group, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 3.250% | ||||||||
8.580% VRN 2/15/29 | $ | 235,058 | $ | 232,524 | ||||
Central Parent, Inc., 2023 Term Loan B, 3 mo. USD Term SOFR + 4.000% | ||||||||
9.309% VRN 7/06/29 | 35,322 | 35,412 | ||||||
EagleView Technology Corp., 2018 Add On Term Loan B, 3 mo. USD Term SOFR + 3.500% | ||||||||
9.065% VRN 8/14/25 | 81,777 | 79,134 | ||||||
Open Text Corp. | ||||||||
Term Loan B, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.177% VRN 5/30/25 | 26,008 | 26,012 | ||||||
2023 Term Loan B, 1 mo. USD Term SOFR + 2.750% | ||||||||
8.177% VRN 1/31/30 | 50,116 | 50,173 | ||||||
Oracle Corp., Term Loan A1, 1 mo. USD Term SOFR + 1.600% | ||||||||
6.929% VRN 8/16/27 | 195,574 | 195,329 | ||||||
Renaissance Holding Corp., 2024 Term Loan, 1 mo. USD Term SOFR + 4.250%, | ||||||||
9.577% VRN 4/05/30 | 32,323 | 32,363 | ||||||
SS&C Technologies, Inc., 2018 Term Loan B5, 1 mo. USD Term SOFR + 1.750% | ||||||||
7.195% VRN 4/16/25 | 121,386 | 121,381 | ||||||
772,328 | ||||||||
Telecommunications — 0.1% | ||||||||
CCI Buyer, Inc., Term Loan, 3 mo. USD Term SOFR + 4.000% | ||||||||
9.302% VRN 12/17/27 | 29,422 | 29,228 | ||||||
Frontier Communications Corp., 2021 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750% | ||||||||
9.195% VRN 10/08/27 | 22,665 | 22,573 | ||||||
SBA Senior Finance II LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.000%, | ||||||||
7.340% VRN 1/25/31 | 92,098 | 92,242 | ||||||
Zayo Group Holdings, Inc., 2022 USD Incremental Term Loan B, 1 mo. USD Term SOFR + 4.325%, | ||||||||
9.655% VRN 3/09/27 | 111,693 | 99,499 | ||||||
243,542 | ||||||||
Transportation — 0.0% | ||||||||
Genesee & Wyoming, Inc., Term Loan, 3 mo. USD Term SOFR + 2.000% | ||||||||
7.402% VRN 12/30/26 | 41,459 | 41,463 | ||||||
TOTAL BANK LOANS (Cost $5,013,328) | 4,983,831 | |||||||
CORPORATE DEBT — 17.6% | ||||||||
Aerospace & Defense — 0.1% | ||||||||
Boeing Co. | ||||||||
5.805% 5/01/50 | 335,000 | 316,953 | ||||||
Agriculture — 0.7% | ||||||||
BAT Capital Corp. | ||||||||
4.540% 8/15/47 | 840,000 | 648,556 | ||||||
4.758% 9/06/49 | 34,000 | 27,060 | ||||||
5.650% 3/16/52 | 185,000 | 166,920 | ||||||
Imperial Brands Finance PLC | ||||||||
3.125% 7/26/24 (b) | 320,000 | 317,216 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
3.500% 7/26/26 (b) | $ | 225,000 | $ | 214,601 | ||||
4.250% 7/21/25 (b) | 415,000 | 407,401 | ||||||
Philip Morris International, Inc. | ||||||||
1.450% 8/01/39 EUR (c) | 100,000 | 74,622 | ||||||
Reynolds American, Inc. | ||||||||
5.850% 8/15/45 | 315,000 | 292,177 | ||||||
2,148,553 | ||||||||
Airlines — 0.2% | ||||||||
United Airlines Pass-Through Trust, Series 2023-1, Class A, | ||||||||
5.800% 7/15/37 | 665,000 | 676,172 | ||||||
Banks — 5.3% | ||||||||
Bank of America Corp. | ||||||||
Secured Overnight Financing Rate + 0.910% 1.658% VRN 3/11/27 | 385,000 | 358,634 | ||||||
Secured Overnight Financing Rate + 1.370% 1.922% VRN 10/24/31 | 70,000 | 57,037 | ||||||
Secured Overnight Financing Rate + 1.060% 2.087% VRN 6/14/29 | 895,000 | 790,892 | ||||||
Secured Overnight Financing Rate + 1.220% 2.299% VRN 7/21/32 | 90,000 | 73,648 | ||||||
Secured Overnight Financing Rate + 1.050% 2.551% VRN 2/04/28 | 635,000 | 590,245 | ||||||
Secured Overnight Financing Rate + 1.210% 2.572% VRN 10/20/32 | 75,000 | 62,222 | ||||||
Secured Overnight Financing Rate + 2.150% 2.592% VRN 4/29/31 | 55,000 | 47,418 | ||||||
3 mo. USD Term SOFR + 1.302% 3.419% VRN 12/20/28 | 470,000 | 440,926 | ||||||
3 mo. USD Term SOFR + 1.837% 3.824% VRN 1/20/28 | 415,000 | 399,709 | ||||||
3 mo. USD Term SOFR + 1.332% 3.970% VRN 3/05/29 | 485,000 | 463,606 | ||||||
Citigroup, Inc. | ||||||||
Secured Overnight Financing Rate + 0.669% 0.981% VRN 5/01/25 | 85,000 | 84,628 | ||||||
Secured Overnight Financing Rate + 1.167% 2.561% VRN 5/01/32 | 105,000 | 87,571 | ||||||
Secured Overnight Financing Rate + 1.422% 2.976% VRN 11/05/30 | 150,000 | 133,242 | ||||||
Secured Overnight Financing Rate + 1.351% 3.057% VRN 1/25/33 | 95,000 | 80,765 | ||||||
3 mo. USD Term SOFR + 1.454% 4.075% VRN 4/23/29 | 525,000 | 502,629 | ||||||
Goldman Sachs Group, Inc. | ||||||||
Secured Overnight Financing Rate + 0.798% 1.431% VRN 3/09/27 | 280,000 | 259,305 | ||||||
Secured Overnight Financing Rate + 0.818% 1.542% VRN 9/10/27 | 1,400,000 | 1,279,259 | ||||||
Secured Overnight Financing Rate + 0.486% 5.836% FRN 10/21/24 | 530,000 | 530,313 | ||||||
HSBC Holdings PLC | ||||||||
Secured Overnight Financing Rate + 1.732% 2.013% VRN 9/22/28 | 1,185,000 | 1,059,503 | ||||||
Secured Overnight Financing Rate + 1.285% 2.206% VRN 8/17/29 | 105,000 | 92,025 | ||||||
JP Morgan Chase & Co. | ||||||||
3 mo. USD Term SOFR + 0.580% 0.969% VRN 6/23/25 | 1,060,000 | 1,047,689 | ||||||
Secured Overnight Financing Rate + 0.885% 1.578% VRN 4/22/27 | 480,000 | 445,015 | ||||||
Secured Overnight Financing Rate + 1.015% 2.069% VRN 6/01/29 | 1,500,000 | 1,330,580 | ||||||
3 mo. USD Term SOFR + 1.510% 2.739% VRN 10/15/30 | 230,000 | 203,682 | ||||||
Secured Overnight Financing Rate + 1.310% 5.012% VRN 1/23/30 | 125,000 | 124,488 | ||||||
Lloyds Banking Group PLC | ||||||||
1 yr. CMT + 0.850% 1.627% VRN 5/11/27 | 60,000 | 55,241 | ||||||
1 yr. CMT + 3.500% 3.870% VRN 7/09/25 | 220,000 | 218,847 | ||||||
Morgan Stanley | ||||||||
Secured Overnight Financing Rate + 0.560% 1.164% VRN 10/21/25 | 1,300,000 | 1,265,799 | ||||||
Secured Overnight Financing Rate + 0.879% 1.593% VRN 5/04/27 | 330,000 | 305,248 | ||||||
Secured Overnight Financing Rate + 1.020% 1.928% VRN 4/28/32 | 90,000 | 72,239 | ||||||
Secured Overnight Financing Rate + 1.178% 2.239% VRN 7/21/32 | 140,000 | 114,364 | ||||||
Secured Overnight Financing Rate + 1.360% 2.484% VRN 9/16/36 | 295,000 | 233,311 | ||||||
PNC Financial Services Group, Inc. | ||||||||
Secured Overnight Financing Rate + 1.933% 5.068% VRN 1/24/34 | 455,000 | 440,760 | ||||||
Secured Overnight Financing Rate + 1.902% 5.676% VRN 1/22/35 | 45,000 | 45,410 | ||||||
Secured Overnight Financing Rate Index + 2.140% 6.037% VRN 10/28/33 | 45,000 | 46,525 | ||||||
Secured Overnight Financing Rate + 2.284% 6.875% VRN 10/20/34 | 145,000 | 158,779 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Santander UK Group Holdings PLC | ||||||||
1 yr. CMT + 1.250% 1.532% VRN 8/21/26 | $ | 710,000 | $ | 668,771 | ||||
Secured Overnight Financing Rate + 0.989% 1.673% VRN 6/14/27 | 120,000 | 109,773 | ||||||
Secured Overnight Financing Rate + 1.220% 2.469% VRN 1/11/28 | 200,000 | 183,794 | ||||||
US Bancorp | ||||||||
Secured Overnight Financing Rate + 1.600% 4.839% VRN 2/01/34 | 485,000 | 460,536 | ||||||
Secured Overnight Financing Rate + 1.860% 5.678% VRN 1/23/35 | 85,000 | 85,827 | ||||||
Secured Overnight Financing Rate + 2.260% 5.836% VRN 6/12/34 | 60,000 | 61,155 | ||||||
Secured Overnight Financing Rate + 2.090% 5.850% VRN 10/21/33 | 115,000 | 117,251 | ||||||
Wells Fargo & Co. | ||||||||
Secured Overnight Financing Rate + 2.100% 2.393% VRN 6/02/28 | 940,000 | 860,386 | ||||||
3 mo. USD Term SOFR + 1.432% 2.879% VRN 10/30/30 | 310,000 | 274,038 | ||||||
Secured Overnight Financing Rate + 1.500% 3.350% VRN 3/02/33 | 595,000 | 516,239 | ||||||
Secured Overnight Financing Rate + 1.510% 3.526% VRN 3/24/28 | 375,000 | 356,921 | ||||||
Secured Overnight Financing Rate + 2.100% 4.897% VRN 7/25/33 | 400,000 | 385,463 | ||||||
17,581,708 | ||||||||
Beverages — 0.2% | ||||||||
Bacardi Ltd. | ||||||||
4.450% 5/15/25 (b) | 485,000 | 478,220 | ||||||
Triton Water Holdings, Inc. | ||||||||
6.250% 4/01/29 (b) | 58,000 | 52,828 | ||||||
531,048 | ||||||||
Biotechnology — 0.0% | ||||||||
Amgen, Inc. | ||||||||
4.200% 2/22/52 | 145,000 | 119,265 | ||||||
Chemicals — 0.3% | ||||||||
International Flavors & Fragrances, Inc. | ||||||||
1.832% 10/15/27 (b) | 70,000 | 62,070 | ||||||
2.300% 11/01/30 (b) | 570,000 | 473,525 | ||||||
3.268% 11/15/40 (b) | 30,000 | 21,362 | ||||||
3.468% 12/01/50 (b) | 65,000 | 43,323 | ||||||
4.375% 6/01/47 | 65,000 | 50,185 | ||||||
5.000% 9/26/48 | 385,000 | 329,148 | ||||||
979,613 | ||||||||
Commercial Services — 0.1% | ||||||||
Adtalem Global Education, Inc. | ||||||||
5.500% 3/01/28 (b) | 72,000 | 68,927 | ||||||
Global Payments, Inc. | ||||||||
4.875% 3/17/31 EUR (c) | 100,000 | 113,632 | ||||||
Worldline SA | ||||||||
4.125% 9/12/28 EUR (b) (c) | 200,000 | 212,594 | ||||||
395,153 | ||||||||
Diversified Financial Services — 0.8% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust | ||||||||
3.300% 1/30/32 | 420,000 | 360,216 | ||||||
3.500% 1/15/25 | 1,000,000 | 982,972 | ||||||
Air Lease Corp. | ||||||||
5.850% 12/15/27 | 355,000 | 360,476 | ||||||
Avolon Holdings Funding Ltd. | ||||||||
2.528% 11/18/27 (b) | 389,000 | 345,973 | ||||||
2.875% 2/15/25 (b) | 335,000 | 325,974 | ||||||
3.950% 7/01/24 (b) | 130,000 | 129,247 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
GGAM Finance Ltd. | ||||||||
8.000% 2/15/27 (b) | $ | 100,000 | $ | 103,252 | ||||
2,608,110 | ||||||||
Electric — 1.6% | ||||||||
Arizona Public Service Co. | ||||||||
6.350% 12/15/32 | 675,000 | 720,377 | ||||||
Duke Energy Carolinas LLC | ||||||||
4.000% 9/30/42 | 1,000,000 | 832,159 | ||||||
Duke Energy Florida LLC | ||||||||
5.875% 11/15/33 | 70,000 | 73,962 | ||||||
Florida Power & Light Co. | ||||||||
3.990% 3/01/49 | 495,000 | 407,193 | ||||||
Jersey Central Power & Light Co. | ||||||||
4.700% 4/01/24 (b) | 800,000 | 800,000 | ||||||
6.400% 5/15/36 | 425,000 | 444,887 | ||||||
MidAmerican Energy Co. | ||||||||
4.800% 9/15/43 | 1,400,000 | 1,316,595 | ||||||
Southwestern Electric Power Co. | ||||||||
3.250% 11/01/51 | 170,000 | 112,853 | ||||||
TenneT Holding BV | ||||||||
2.750% 5/17/42 EUR (b) (c) | 190,000 | 191,400 | ||||||
4.500% 10/28/34 EUR (b) (c) | 245,000 | 289,372 | ||||||
4.750% 10/28/42 EUR (b) (c) | 100,000 | 123,453 | ||||||
5,312,251 | ||||||||
Electronics — 0.0% | ||||||||
Honeywell International, Inc. | ||||||||
3.750% 3/01/36 EUR (c) | 145,000 | 157,894 | ||||||
Engineering & Construction — 0.0% | ||||||||
Artera Services LLC | ||||||||
8.500% 2/15/31 (b) | 75,000 | 76,893 | ||||||
Entertainment — 0.5% | ||||||||
Warnermedia Holdings, Inc. | ||||||||
4.279% 3/15/32 | 190,000 | 169,715 | ||||||
5.050% 3/15/42 | 905,000 | 777,841 | ||||||
5.141% 3/15/52 | 910,000 | 755,298 | ||||||
1,702,854 | ||||||||
Environmental Controls — 0.0% | ||||||||
Waste Pro USA, Inc. | ||||||||
5.500% 2/15/26 (b) | 75,000 | 73,866 | ||||||
Food — 0.8% | ||||||||
ELO SACA | ||||||||
6.000% 3/22/29 EUR (b) (c) | 200,000 | 218,271 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL | ||||||||
6.750% 3/15/34 (b) | 640,000 | 672,462 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance, Inc. | ||||||||
4.375% 2/02/52 | 135,000 | 98,037 | ||||||
6.500% 12/01/52 | 415,000 | 410,062 | ||||||
Pilgrim's Pride Corp. | ||||||||
3.500% 3/01/32 (b) | 403,000 | 341,551 | ||||||
6.250% 7/01/33 | 365,000 | 372,989 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Smithfield Foods, Inc. | ||||||||
2.625% 9/13/31 (b) | $ | 635,000 | $ | 497,281 | ||||
2,610,653 | ||||||||
Gas — 0.3% | ||||||||
KeySpan Gas East Corp. | ||||||||
5.994% 3/06/33 (b) | 630,000 | 638,460 | ||||||
National Gas Transmission PLC | ||||||||
4.250% 4/05/30 EUR (b) (c) | 100,000 | 110,863 | ||||||
Piedmont Natural Gas Co., Inc. | ||||||||
5.400% 6/15/33 | 155,000 | 156,305 | ||||||
905,628 | ||||||||
Health Care – Products — 0.0% | ||||||||
Medtronic Global Holdings SCA | ||||||||
3.375% 10/15/34 EUR (c) | 100,000 | 108,112 | ||||||
Health Care – Services — 0.6% | ||||||||
Centene Corp. | ||||||||
3.000% 10/15/30 | 453,000 | 388,401 | ||||||
CommonSpirit Health | ||||||||
2.782% 10/01/30 | 290,000 | 251,538 | ||||||
Fortrea Holdings, Inc. | ||||||||
7.500% 7/01/30 (b) | 50,000 | 51,614 | ||||||
Fresenius Medical Care US Finance III, Inc. | ||||||||
1.875% 12/01/26 (b) | 340,000 | 307,617 | ||||||
HCA, Inc. | ||||||||
3.500% 7/15/51 | 182,000 | 125,724 | ||||||
Kedrion SpA | ||||||||
6.500% 9/01/29 (b) | 220,000 | 199,980 | ||||||
ModivCare Escrow Issuer, Inc. | ||||||||
5.000% 10/01/29 (b) (d) | 302,000 | 218,978 | ||||||
Universal Health Services, Inc. | ||||||||
1.650% 9/01/26 | 385,000 | 350,897 | ||||||
1,894,749 | ||||||||
Household Products & Wares — 0.1% | ||||||||
Central Garden & Pet Co. | ||||||||
5.125% 2/01/28 | 123,000 | 119,248 | ||||||
Spectrum Brands, Inc. | ||||||||
3.875% 3/15/31 (b) (d) | 105,000 | 101,143 | ||||||
220,391 | ||||||||
Insurance — 0.7% | ||||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | ||||||||
6.750% 10/15/27 (b) | 35,000 | 34,483 | ||||||
Athene Global Funding | ||||||||
1.985% 8/19/28 (b) | 555,000 | 479,256 | ||||||
3.205% 3/08/27 (b) | 135,000 | 126,092 | ||||||
Secured Overnight Financing Rate Index + 0.700% 6.057% FRN 5/24/24 (b) | 505,000 | 505,262 | ||||||
Farmers Exchange Capital III 3 mo. USD LIBOR + 3.454% | ||||||||
5.454% VRN 10/15/54 (b) | 970,000 | 799,962 | ||||||
Teachers Insurance & Annuity Association of America | ||||||||
3.300% 5/15/50 (b) | 225,000 | 157,674 | ||||||
4.270% 5/15/47 (b) | 130,000 | 107,759 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Willis North America, Inc. | ||||||||
2.950% 9/15/29 | $ | 290,000 | $ | 259,849 | ||||
2,470,337 | ||||||||
Internet — 0.0% | ||||||||
Northwest Fiber LLC/Northwest Fiber Finance Sub, Inc. | ||||||||
4.750% 4/30/27 (b) | 62,000 | 63,400 | ||||||
6.000% 2/15/28 (b) | 89,000 | 91,617 | ||||||
155,017 | ||||||||
Machinery – Diversified — 0.0% | ||||||||
OT Merger Corp. | ||||||||
7.875% 10/15/29 (b) | 90,000 | 64,265 | ||||||
Media — 0.9% | ||||||||
Cable One, Inc. | ||||||||
4.000% 11/15/30 (b) (d) | 75,000 | 58,532 | ||||||
Charter Communications Operating LLC/Charter Communications Operating Capital | ||||||||
3.700% 4/01/51 | 560,000 | 346,332 | ||||||
3.750% 2/15/28 | 92,000 | 85,338 | ||||||
4.800% 3/01/50 | 330,000 | 244,270 | ||||||
4.908% 7/23/25 | 205,000 | 202,505 | ||||||
5.250% 4/01/53 | 265,000 | 209,871 | ||||||
5.375% 5/01/47 | 95,000 | 76,548 | ||||||
5.750% 4/01/48 | 280,000 | 235,789 | ||||||
CSC Holdings LLC | ||||||||
5.750% 1/15/30 (b) | 53,000 | 28,057 | ||||||
6.500% 2/01/29 (b) | 542,000 | 459,242 | ||||||
7.500% 4/01/28 (b) | 32,000 | 21,570 | ||||||
11.750% 1/31/29 (b) | 10,000 | 10,015 | ||||||
Time Warner Cable LLC | ||||||||
5.500% 9/01/41 | 535,000 | 445,357 | ||||||
5.875% 11/15/40 | 170,000 | 147,257 | ||||||
VZ Secured Financing BV | ||||||||
5.000% 1/15/32 (b) | 420,000 | 360,613 | ||||||
2,931,296 | ||||||||
Oil & Gas — 0.2% | ||||||||
KazMunayGas National Co. JSC | ||||||||
4.750% 4/19/27 (b) | 200,000 | 194,740 | ||||||
Pertamina Persero PT | ||||||||
3.100% 8/27/30 (b) | 200,000 | 176,446 | ||||||
Petroleos Mexicanos | ||||||||
5.950% 1/28/31 | 50,000 | 40,100 | ||||||
6.625% 6/15/35 | 300,000 | 227,588 | ||||||
Shell International Finance BV | ||||||||
3.750% 9/12/46 | 25,000 | 20,187 | ||||||
659,061 | ||||||||
Packaging & Containers — 0.6% | ||||||||
Amcor Finance USA, Inc. | ||||||||
3.625% 4/28/26 | 650,000 | 626,907 | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc. | ||||||||
4.125% 8/15/26 (b) (d) | 55,000 | 49,759 | ||||||
5.250% 8/15/27 (b) (d) | 70,000 | 44,100 | ||||||
5.250% 8/15/27 (b) | 295,000 | 185,850 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Berry Global, Inc. | ||||||||
1.570% 1/15/26 | $ | 394,000 | $ | 368,306 | ||||
1.650% 1/15/27 | 12,000 | 10,894 | ||||||
4.875% 7/15/26 (b) | 330,000 | 323,403 | ||||||
Trivium Packaging Finance BV | ||||||||
5.500% 8/15/26 (b) | 320,000 | 315,513 | ||||||
1,924,732 | ||||||||
Pharmaceuticals — 0.7% | ||||||||
1375209 BC Ltd. | ||||||||
9.000% 1/30/28 (b) (d) | 215,000 | 210,701 | ||||||
Bayer US Finance II LLC | ||||||||
4.375% 12/15/28 (b) | 893,000 | 840,521 | ||||||
4.625% 6/25/38 (b) | 795,000 | 664,295 | ||||||
4.875% 6/25/48 (b) | 210,000 | 168,769 | ||||||
Cigna Group | ||||||||
3.400% 3/15/51 | 250,000 | 178,348 | ||||||
Grifols SA | ||||||||
3.200% 5/01/25 EUR (b) (c) | 100,000 | 99,266 | ||||||
3.875% 10/15/28 EUR (b) (c) | 200,000 | 170,139 | ||||||
2,332,039 | ||||||||
Pipelines — 0.5% | ||||||||
Energy Transfer LP | ||||||||
4.950% 6/15/28 | 125,000 | 123,996 | ||||||
5.000% 5/15/50 | 220,000 | 193,021 | ||||||
5.150% 3/15/45 | 335,000 | 304,392 | ||||||
Galaxy Pipeline Assets Bidco Ltd. | ||||||||
2.160% 3/31/34 (b) | 169,888 | 146,046 | ||||||
Rockies Express Pipeline LLC | ||||||||
4.800% 5/15/30 (b) | 250,000 | 231,093 | ||||||
TransCanada PipeLines Ltd. | ||||||||
4.625% 3/01/34 | 35,000 | 33,041 | ||||||
TransMontaigne Partners LP/TLP Finance Corp. | ||||||||
6.125% 2/15/26 | 181,000 | 171,498 | ||||||
Venture Global Calcasieu Pass LLC | ||||||||
3.875% 8/15/29 (b) | 270,000 | 243,040 | ||||||
Venture Global LNG, Inc. | ||||||||
9.500% 2/01/29 (b) | 153,000 | 164,913 | ||||||
1,611,040 | ||||||||
Real Estate — 0.3% | ||||||||
Annington Funding PLC | ||||||||
3.184% 7/12/29 GBP (b) (c) | 200,000 | 226,337 | ||||||
3.685% 7/12/34 GBP (b) (c) | 100,000 | 107,133 | ||||||
Blackstone Property Partners Europe Holdings SARL | ||||||||
1.625% 4/20/30 EUR (b) (c) | 200,000 | 179,564 | ||||||
1.750% 3/12/29 EUR (b) (c) | 200,000 | 187,253 | ||||||
Vonovia SE | ||||||||
0.750% 9/01/32 EUR (b) (c) | 100,000 | 81,740 | ||||||
2.250% 4/07/30 EUR (b) (c) | 100,000 | 97,716 | ||||||
879,743 | ||||||||
Real Estate Investment Trusts (REITS) — 1.6% | ||||||||
American Homes 4 Rent LP | ||||||||
3.375% 7/15/51 | 205,000 | 136,491 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
American Tower Corp. | ||||||||
1.000% 1/15/32 EUR (c) | $ | 100,000 | $ | 88,062 | ||||
2.300% 9/15/31 | 356,000 | 290,561 | ||||||
2.700% 4/15/31 | 80,000 | 67,725 | ||||||
CapitaLand Ascendas REIT | ||||||||
0.750% 6/23/28 EUR (b) (c) | 185,000 | 171,650 | ||||||
Digital Intrepid Holding BV | ||||||||
0.625% 7/15/31 EUR (b) (c) | 425,000 | 358,359 | ||||||
DOC DR LLC | ||||||||
2.625% 11/01/31 | 190,000 | 156,517 | ||||||
4.300% 3/15/27 | 45,000 | 43,951 | ||||||
Extra Space Storage LP | ||||||||
2.350% 3/15/32 | 215,000 | 172,025 | ||||||
2.400% 10/15/31 | 76,000 | 62,527 | ||||||
2.550% 6/01/31 | 130,000 | 107,920 | ||||||
GLP Capital LP/GLP Financing II, Inc. | ||||||||
3.250% 1/15/32 | 37,000 | 31,148 | ||||||
4.000% 1/15/30 | 642,000 | 586,119 | ||||||
4.000% 1/15/31 | 75,000 | 66,924 | ||||||
Healthcare Realty Holdings LP | ||||||||
2.000% 3/15/31 | 200,000 | 158,978 | ||||||
2.050% 3/15/31 | 67,000 | 51,665 | ||||||
2.400% 3/15/30 | 195,000 | 159,625 | ||||||
3.100% 2/15/30 | 190,000 | 165,432 | ||||||
3.625% 1/15/28 | 45,000 | 41,553 | ||||||
Hudson Pacific Properties LP | ||||||||
3.250% 1/15/30 | 386,000 | 297,322 | ||||||
3.950% 11/01/27 | 68,000 | 60,244 | ||||||
4.650% 4/01/29 (d) | 135,000 | 115,008 | ||||||
Invitation Homes Operating Partnership LP | ||||||||
2.000% 8/15/31 | 405,000 | 321,809 | ||||||
4.150% 4/15/32 | 40,000 | 36,607 | ||||||
5.500% 8/15/33 | 65,000 | 64,750 | ||||||
LXP Industrial Trust | ||||||||
2.375% 10/01/31 | 430,000 | 343,225 | ||||||
Prologis Euro Finance LLC | ||||||||
4.250% 1/31/43 EUR (c) | 310,000 | 336,869 | ||||||
Realty Income Corp. | ||||||||
5.125% 7/06/34 EUR (c) | 270,000 | 317,799 | ||||||
Rexford Industrial Realty LP | ||||||||
2.150% 9/01/31 | 5,000 | 4,004 | ||||||
VICI Properties LP | ||||||||
4.950% 2/15/30 | 60,000 | 58,023 | ||||||
5.125% 5/15/32 | 306,000 | 292,688 | ||||||
VICI Properties LP/VICI Note Co., Inc. | ||||||||
3.875% 2/15/29 (b) | 90,000 | 82,833 | ||||||
4.125% 8/15/30 (b) | 19,000 | 17,277 | ||||||
4.500% 1/15/28 (b) | 58,000 | 55,568 | ||||||
4.625% 6/15/25 (b) | 15,000 | 14,770 | ||||||
5,336,028 | ||||||||
Retail — 0.1% | ||||||||
Ferrellgas LP/Ferrellgas Finance Corp. | ||||||||
5.875% 4/01/29 (b) (d) | 60,000 | 57,139 | ||||||
Michaels Cos., Inc. | ||||||||
5.250% 5/01/28 (b) (d) | 170,000 | 144,853 | ||||||
201,992 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Savings & Loans — 0.1% | ||||||||
Nationwide Building Society Secured Overnight Financing Rate + 1.290% | ||||||||
2.972% VRN 2/16/28 (b) | $ | 340,000 | $ | 317,123 | ||||
Software — 0.0% | ||||||||
Open Text Corp. | ||||||||
6.900% 12/01/27 (b) | 50,000 | 51,700 | ||||||
Telecommunications — 0.2% | ||||||||
Frontier Communications Holdings LLC | ||||||||
8.625% 3/15/31 (b) (d) | 226,000 | 230,820 | ||||||
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC | ||||||||
4.738% 9/20/29 (b) | 173,750 | 172,792 | ||||||
T-Mobile USA, Inc. | ||||||||
3.750% 4/15/27 | 375,000 | 361,165 | ||||||
764,777 | ||||||||
Water — 0.1% | ||||||||
Thames Water Utilities Finance PLC | ||||||||
4.375% 1/18/31 EUR (b) (c) | 160,000 | 159,854 | ||||||
TOTAL CORPORATE DEBT (Cost $62,078,885) | 58,278,870 | |||||||
MUNICIPAL OBLIGATIONS — 0.8% | ||||||||
California — 0.1% | ||||||||
California State University, Revenue Bonds, Series B | ||||||||
2.374% 11/01/35 | 5,000 | 3,926 | ||||||
University of California, Revenue Bonds, Series BI | ||||||||
2.247% 5/15/34 | 290,000 | 231,747 | ||||||
235,673 | ||||||||
New Jersey — 0.2% | ||||||||
Jersey City Municipal Utilities Authority, NJ, Revenue Bonds, Series B | ||||||||
5.470% 5/15/27 | 520,000 | 526,364 | ||||||
New York — 0.5% | ||||||||
City of New York, NY, General Obligation, Series G1 | ||||||||
5.968% 3/01/36 | 500,000 | 528,003 | ||||||
New York City Transitional Finance Authority, NY, Future Tax Secured Revenue, Revenue Bonds, Series G3 | ||||||||
2.450% 11/01/34 | 560,000 | 445,254 | ||||||
New York State Dormitory Authority, Revenue Bonds, Series H | ||||||||
5.289% 3/15/33 | 750,000 | 754,475 | ||||||
1,727,732 | ||||||||
TOTAL MUNICIPAL OBLIGATIONS (Cost $2,793,604) | 2,489,769 | |||||||
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS — 16.8% | ||||||||
Commercial Mortgage-Backed Securities — 3.4% | ||||||||
BAMLL Commercial Mortgage Securities Trust, Series 2018-PARK, Class A, | ||||||||
4.091% VRN 8/10/38 (b) (e) | 620,000 | 574,731 | ||||||
BX Commercial Mortgage Trust | ||||||||
Series 2020-VIV4, Class A, 2.843% 3/09/44 (b) | 1,160,000 | 1,005,163 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Series 2020-VIVA, Class D, 3.549% VRN 3/11/44 (b) (e) | $ | 780,000 | $ | 668,312 | ||||
Series 2022-CSMO, Class A, 1 mo. USD Term SOFR + 2.115% 7.440% FRN 6/15/27 (b) | 692,000 | 694,595 | ||||||
BX Trust | ||||||||
Series 2019-OC11, Class A, 3.202% 12/09/41 (b) | 180,000 | 160,397 | ||||||
Series 2019-OC11, Class E, 3.944% VRN 12/09/41 (b) (e) | 300,000 | 257,486 | ||||||
Series 2022-VAMF, Class C, 1 mo. USD Term SOFR + 1.580% 6.905% FRN 1/15/39 (b) | 443,000 | 436,910 | ||||||
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, 1 mo. USD Term SOFR + 3.188% | ||||||||
8.514% FRN 3/15/35 (b) | 894,000 | 887,295 | ||||||
Century Plaza Towers, Series 2019-CPT, Class A | ||||||||
2.865% 11/13/39 (b) | 355,000 | 303,569 | ||||||
Credit Suisse Mortgage Capital Certificates, Series 2019-ICE4, Class F, 1 mo. USD Term SOFR + 2.697% | ||||||||
8.023% FRN 5/15/36 (b) | 897,766 | 894,535 | ||||||
DC Office Trust, Series 2019-MTC, Class A | ||||||||
2.965% 9/15/45 (b) | 375,000 | 319,305 | ||||||
Grace Trust, Series 2020-GRCE, Class A | ||||||||
2.347% 12/10/40 (b) | 900,000 | 729,128 | ||||||
Hudson Yards Mortgage Trust | ||||||||
Series 2019-55HY, Class A, 2.943% VRN 12/10/41 (b) (e) | 375,000 | 329,239 | ||||||
Series 2019-30HY, Class A, 3.228% 7/10/39 (b) | 385,000 | 344,910 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-OSB, Class A | ||||||||
3.397% 6/05/39 (b) | 385,000 | 347,336 | ||||||
MKT Mortgage Trust, Series 2020-525M, Class A | ||||||||
2.694% 2/12/40 (b) | 255,000 | 206,511 | ||||||
One Bryant Park Trust, Series 2019-OBP, Class A | ||||||||
2.516% 9/15/54 (b) | 490,000 | 419,287 | ||||||
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1, | ||||||||
3.872% VRN 1/05/43 (b) (e) | 655,000 | 488,873 | ||||||
SMRT Commercial Mortgage Trust, Series 2022-MINI, Class F, 1 mo. USD Term SOFR + 3.350% | ||||||||
8.676% FRN 1/15/39 (b) | 630,000 | 598,336 | ||||||
Stack Infrastructure Issuer LLC, Series 2024-1A, Class A2 | ||||||||
5.900% 3/25/49 (b) | 820,000 | 822,374 | ||||||
Vantage Data Centers Issuer LLC, Series 2020-1A, Class A2 | ||||||||
1.645% 9/15/45 (b) | 444,000 | 415,688 | ||||||
Wells Fargo Commercial Mortgage Trust, Series 2019-JWDR, Class E, | ||||||||
3.860% VRN 9/15/31 (b) (e) | 281,000 | 259,311 | ||||||
11,163,291 | ||||||||
Home Equity Asset-Backed Securities — 2.2% | ||||||||
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-4, Class M2, 1 mo. USD Term SOFR + 0.819% | ||||||||
6.149% FRN 10/25/35 | 670,109 | 600,362 | ||||||
Countrywide Asset-Backed Certificates Trust, Series 2004-7, Class MF2, | ||||||||
4.155% VRN 10/25/34 (e) | 1,532,190 | 1,437,087 | ||||||
GSAMP Trust, Series 2005-HE5, Class M3, 1 mo. USD Term SOFR + 0.804% | ||||||||
6.134% FRN 11/25/35 | 178,085 | 175,168 | ||||||
JP Morgan Mortgage Acquisition Trust, Series 2007-HE1, Class AF4, | ||||||||
4.286% STEP 3/25/47 | 2,561,837 | 1,642,762 | ||||||
Long Beach Mortgage Loan Trust, Series 2006-9, Class 2A2, 1 mo. USD Term SOFR + 0.334% | ||||||||
5.664% FRN 10/25/36 | 5,841,840 | 1,813,819 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Morgan Stanley Capital I, Inc. Trust, Series 2006-HE1, Class A4, 1 mo. USD Term SOFR + 0.694% | ||||||||
6.024% FRN 1/25/36 | $ | 757,565 | $ | 705,934 | ||||
Saxon Asset Securities Trust, Series 2007-2, Class A2C, 1 mo. USD Term SOFR + 0.354% | ||||||||
5.684% FRN 5/25/47 | 1,460,795 | 987,529 | ||||||
7,362,661 | ||||||||
Other Asset-Backed Securities — 3.9% | ||||||||
AIMCO CLO, Series 2015-AA, Class BR2, 3 mo. USD Term SOFR + 1.862% | ||||||||
7.178% FRN 10/17/34 (b) | 1,100,000 | 1,100,046 | ||||||
AIMCO CLO 11 Ltd., Series 2020-11A, Class AR, 3 mo. USD Term SOFR + 1.392% | ||||||||
6.708% FRN 10/17/34 (b) | 750,000 | 749,485 | ||||||
Allegro CLO XII Ltd., Series 2020-1A, Class A1, 3 mo. USD Term SOFR + 1.512% | ||||||||
6.829% FRN 1/21/32 (b) | 850,000 | 850,421 | ||||||
BlueMountain CLO Ltd., Series 2018-3A, Class BR, 3 mo. USD Term SOFR + 1.850% | ||||||||
7.175% FRN 10/25/30 (b) | 800,000 | 800,018 | ||||||
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR, 3 mo. USD Term SOFR + 1.162% | ||||||||
6.476% FRN 4/15/29 (b) | 665,337 | 665,410 | ||||||
Eaton Vance CLO Ltd., Series 2020-1A, Class AR, 3 mo. USD Term SOFR + 1.432% | ||||||||
6.746% FRN 10/15/34 (b) | 990,000 | 990,246 | ||||||
FirstKey Homes Trust, Series 2020-SFR2, Class E | ||||||||
2.668% 10/19/37 (b) | 390,000 | 367,977 | ||||||
Flatiron CLO 21 Ltd., Series 2021-1A, Class B, 3 mo. USD Term SOFR + 1.862% | ||||||||
7.171% FRN 7/19/34 (b) | 850,000 | 850,160 | ||||||
HPS Loan Management Ltd., Series 2021-16A, Class A1, 3 mo. USD Term SOFR + 1.402% | ||||||||
6.717% FRN 1/23/35 (b) | 1,000,000 | 1,000,751 | ||||||
Madison Park Funding XXIX Ltd., Series 2018-29A, Class AR, 3 mo. USD Term SOFR + 1.180% | ||||||||
6.489% FRN 10/18/30 (b) (f) | 825,000 | 825,148 | ||||||
Magnetite XII Ltd., Series 2015-12A, Class AR4, 3 mo. USD Term SOFR + 1.150% | ||||||||
6.472% FRN 10/15/31 (b) | 800,000 | 800,142 | ||||||
Progress Residential Trust | ||||||||
Series 2020-SFR3, Class E, 2.296% 10/17/27 (b) | 590,000 | 554,095 | ||||||
Series 2020-SFR3, Class F, 2.796% 10/17/27 (b) | 360,000 | 338,140 | ||||||
Series 2021-SFR2, Class F, 3.395% 4/19/38 (b) | 1,150,000 | 1,052,161 | ||||||
Series 2021-SFR10, Class F, 4.608% 12/17/40 (b) | 1,236,731 | 1,093,773 | ||||||
Rockford Tower CLO Ltd., Series 2021-1A, Class A1, 3 mo. USD Term SOFR + 1.432% | ||||||||
6.749% FRN 7/20/34 (b) | 850,000 | 850,195 | ||||||
12,888,168 | ||||||||
Student Loans Asset-Backed Securities — 1.3% | ||||||||
Access Group, Inc., Series 2015-1, Class A, 30 day USD SOFR Average + 0.814% | ||||||||
6.135% FRN 7/25/56 (b) | 246,266 | 237,253 | ||||||
Collegiate Funding Services Education Loan Trust, Series 2005-A, Class A4, 90 day USD SOFR Average + 0.462% | ||||||||
5.814% FRN 3/28/35 | 858,534 | 814,138 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
SLM Student Loan Trust | ||||||||
Series 2007-7, Class A4, 90 day USD SOFR Average + 0.592% 5.953% FRN 1/25/22 | $ | 382,709 | $ | 373,348 | ||||
Series 2012-7, Class A3, 30 day USD SOFR Average + 0.764% 6.085% FRN 5/26/26 | 485,787 | 467,506 | ||||||
Series 2012-2, Class A, 30 day USD SOFR Average + 0.814% 6.135% FRN 1/25/29 | 560,827 | 524,314 | ||||||
Series 2012-1, Class A3, 30 day USD SOFR Average + 1.064% 6.385% FRN 9/25/28 | 459,178 | 443,780 | ||||||
Series 2008-6, Class A4, 90 day USD SOFR Average + 1.362% 6.723% FRN 7/25/23 | 639,579 | 634,533 | ||||||
Series 2008-5, Class B, 90 day USD SOFR Average + 2.112% 7.473% FRN 7/25/73 | 700,000 | 695,676 | ||||||
4,190,548 | ||||||||
Whole Loan Collateral Collateralized Mortgage Obligations — 6.0% | ||||||||
American Home Mortgage Investment Trust, Series 2005-1, Class 6A, 6 mo. USD Term SOFR + 2.428% | ||||||||
7.681% FRN 6/25/45 | 182,540 | 179,063 | ||||||
Angel Oak Mortgage Trust | ||||||||
Series 2021-7, Class A1, 1.978% VRN 10/25/66 (b) (e) | 198,702 | 165,617 | ||||||
Series 2022-6,Class A1, 4.300% STEP 7/25/67 (b) | 791,429 | 764,639 | ||||||
Chase Mortgage Finance Trust, Series 2007-A1, Class 11A4, | ||||||||
4.345% VRN 3/25/37 (e) | 197,993 | 182,541 | ||||||
Citigroup Mortgage Loan Trust, Series 2005-11, Class A2A, 1 yr. CMT + 2.400% | ||||||||
7.780% FRN 10/25/35 | 147,275 | 145,747 | ||||||
COLT Mortgage Loan Trust, Series 2021-6, Class A1, | ||||||||
1.907% VRN 12/25/66 (b) (e) | 653,748 | 566,579 | ||||||
Countrywide Alternative Loan Trust | ||||||||
Series 2006-OA6, Class 1A2, 1 mo. USD Term SOFR + 0.534% 5.864% FRN 7/25/46 | 744,482 | 660,080 | ||||||
Series 2005-31, Class 2A1, 1 mo. USD Term SOFR + 0.714% 6.044% FRN 8/25/35 | 719,026 | 656,898 | ||||||
Credit Suisse Mortgage Trust, Series 2018-RPL9, Class A, | ||||||||
3.850% VRN 9/25/57 (b) (e) | 698,459 | 662,081 | ||||||
Deephaven Residential Mortgage Trust, Series 2021-4, Class A1, | ||||||||
1.931% VRN 11/25/66 (b) (e) | 1,323,523 | 1,131,400 | ||||||
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-1, Class 1A3, 1 mo. USD Term SOFR + 0.614% | ||||||||
5.944% FRN 2/25/35 | 1,135,052 | 1,104,991 | ||||||
First Franklin Mortgage Loan Trust, Series 2006-FFH1, Class M1, 1 mo. USD Term SOFR + 0.669% | ||||||||
5.999% FRN 1/25/36 | 605,510 | 580,857 | ||||||
First Horizon Mortgage Pass-Through Trust, Series 2005-AR5, Class 2A1, | ||||||||
5.754% VRN 11/25/35 (e) | 173,182 | 136,384 | ||||||
GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1, | ||||||||
1.750% VRN 12/25/60 (b) (e) | 1,405,268 | 1,277,890 | ||||||
GS Mortgage-Backed Securities Trust | ||||||||
Series 2022-PJ6, Class A4, 3.000% VRN 1/25/53 (b) (e) | 1,839,833 | 1,541,723 | ||||||
Series 2018-RPL1, Class A1A, 3.750% 10/25/57 (b) | 526,300 | 504,781 | ||||||
HarborView Mortgage Loan Trust, Series 2006-10, Class 1A1A, 1 mo. USD Term SOFR + 0.514% | ||||||||
5.834% FRN 11/19/36 | 1,497,576 | 1,147,575 | ||||||
Impac CMB Trust, Series 2005-1, Class 1A1, 1 mo. USD Term SOFR + 0.634% | ||||||||
5.964% FRN 4/25/35 | 971,426 | 908,479 | ||||||
IndyMac Index Mortgage Loan Trust |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
IndyMac Index Mortgage Loan Trust | ||||||||
Series 2005-AR19, Class A1, 3.709% VRN 10/25/35 (e) | $ | 613,899 | $ | 465,031 | ||||
Series 2006-AR27, Class 1A3, 1 mo. USD Term SOFR + 0.654% 5.984% FRN 10/25/36 | 1,181,036 | 510,967 | ||||||
JP Morgan Mortgage Trust, Series 2021-13, Class A3, | ||||||||
2.500% VRN 4/25/52 (b) (e) | 1,585,445 | 1,275,540 | ||||||
MASTR Adjustable Rate Mortgages Trust, Series 2007-1, Class I2A3, 1 yr. MTA + 0.740% | ||||||||
5.829% FRN 1/25/47 | 142,683 | 141,173 | ||||||
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2005-AR1, Class M1, 1 mo. USD Term SOFR + 1.184% | ||||||||
6.514% FRN 2/25/35 | 449,885 | 435,238 | ||||||
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-4 , Class M2, 1 mo. USD Term SOFR + 0.864% | ||||||||
6.194% FRN 11/25/35 | 1,450,000 | 1,388,846 | ||||||
Structured Asset Mortgage Investments II Trust, Series 2006-AR8, Class A2, 1 mo. USD Term SOFR + 0.534% | ||||||||
5.864% FRN 10/25/36 | 1,523,611 | 1,308,474 | ||||||
Washington Mutual Mortgage Pass-Through Certificates Trust | ||||||||
Series 2006-1 Class 3A2, 5.750% 2/25/36 | 416,898 | 369,105 | ||||||
Series 2005-AR15, Class A1A1, 1 mo. USD Term SOFR + 0.634% 5.964% FRN 11/25/45 | 1,481,219 | 1,350,270 | ||||||
Series 2005-AR13, Class A1A1, 1 mo. USD Term SOFR + 0.694% 6.024% FRN 10/25/45 | 264,939 | 250,442 | ||||||
Series 2005-AR2, Class 2A21, 1 mo. USD Term SOFR + 0.774% 6.104% FRN 1/25/45 | 224,027 | 216,955 | ||||||
20,029,366 | ||||||||
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS (Cost $57,531,338) | 55,634,034 | |||||||
SOVEREIGN DEBT OBLIGATIONS — 0.6% | ||||||||
Brazilian Government International Bond | ||||||||
6.125% 3/15/34 | 200,000 | 197,792 | ||||||
Colombia Government International Bond | ||||||||
3.125% 4/15/31 | 200,000 | 159,584 | ||||||
Dominican Republic International Bond | ||||||||
4.500% 1/30/30 (b) | 200,000 | 181,985 | ||||||
Hungary Government International Bond | ||||||||
2.125% 9/22/31 (b) | 200,000 | 158,400 | ||||||
Mexico Government International Bond | ||||||||
4.875% 5/19/33 | 300,000 | 284,063 | ||||||
Panama Government International Bond | ||||||||
3.160% 1/23/30 | 200,000 | 166,002 | ||||||
Paraguay Government International Bond | ||||||||
4.950% 4/28/31 (b) | 200,000 | 192,779 | ||||||
Perusahaan Penerbit SBSN Indonesia III | ||||||||
2.550% 6/09/31 (b) | 200,000 | 170,978 | ||||||
Peruvian Government International Bond | ||||||||
2.783% 1/23/31 | 200,000 | 171,813 | ||||||
Republic of Poland Government International Bond | ||||||||
4.875% 10/04/33 | 100,000 | 98,381 | ||||||
Republic of South Africa Government International Bond | ||||||||
5.875% 4/20/32 | 250,000 | 225,000 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Romania Government International Bond | ||||||||
3.000% 2/14/31 (b) | $ | 110,000 | $ | 92,215 | ||||
2,098,992 | ||||||||
TOTAL SOVEREIGN DEBT OBLIGATIONS (Cost $2,258,394) | 2,098,992 | |||||||
U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES (g) — 38.0% | ||||||||
Collateralized Mortgage Obligations — 0.8% | ||||||||
Federal Home Loan Mortgage Corp. REMICS | ||||||||
Series 4818, Class CA, 3.000% 4/15/48 | 132,036 | 114,590 | ||||||
Series 4639, Class HZ, 3.250% STEP 4/15/53 | 1,680,380 | 1,339,405 | ||||||
Series 4846, Class PA, 4.000% 6/15/47 | 37,659 | 37,056 | ||||||
Federal National Mortgage Association REMICS | ||||||||
Series 2018-43, Class CT, 3.000% 6/25/48 | 232,114 | 201,464 | ||||||
Series 2018-57, Class QA, 3.500% 5/25/46 | 42,576 | 41,841 | ||||||
Government National Mortgage Association REMICS | ||||||||
Series 2018-124, Class NW, 3.500% 9/20/48 | 225,496 | 201,330 | ||||||
Series 2019-15, Class GT, 3.500% 2/20/49 | 140,203 | 125,013 | ||||||
Series 2024-30, Class AF, 30 day USD SOFR Average + 1.250% 6.500% FRN 2/20/54 | 499,368 | 500,705 | ||||||
2,561,404 | ||||||||
Pass-Through Securities — 36.9% | ||||||||
Federal Home Loan Mortgage Corp. | ||||||||
Pool #SD8199 2.000% 3/01/52 (f) | 1,224,502 | 969,725 | ||||||
Pool #QE0312 2.000% 4/01/52 | 1,138,608 | 901,702 | ||||||
Pool #RA4179 2.500% 12/01/50 | 1,557,567 | 1,287,553 | ||||||
Pool #RA6815 2.500% 2/01/52 | 2,063,374 | 1,724,376 | ||||||
Pool #SD8194 2.500% 2/01/52 | 1,514,225 | 1,253,145 | ||||||
Pool #SD8205 2.500% 4/01/52 | 1,639,710 | 1,355,969 | ||||||
Pool #SD8212 2.500% 5/01/52 | 1,596,852 | 1,320,527 | ||||||
Pool #G18592 3.000% 3/01/31 | 128,660 | 122,616 | ||||||
Pool #G18627 3.000% 1/01/32 | 429,958 | 408,670 | ||||||
Pool #G08710 3.000% 6/01/46 | 89,000 | 78,684 | ||||||
Pool #ZM1779 3.000% 9/01/46 | 451,878 | 398,980 | ||||||
Pool #G08726 3.000% 10/01/46 | 669,189 | 590,994 | ||||||
Pool #G08732 3.000% 11/01/46 | 244,321 | 215,772 | ||||||
Pool #G08741 3.000% 1/01/47 | 675,118 | 596,230 | ||||||
Pool #QD8259 3.000% 3/01/52 | 1,803,963 | 1,557,837 | ||||||
Pool #G07848 3.500% 4/01/44 | 1,056,703 | 979,809 | ||||||
Pool #G60023 3.500% 4/01/45 | 972,075 | 897,664 | ||||||
Pool #G08711 3.500% 6/01/46 | 290,468 | 266,055 | ||||||
Pool #G67700 3.500% 8/01/46 | 486,562 | 447,340 | ||||||
Pool #G08716 3.500% 8/01/46 | 407,917 | 373,632 | ||||||
Pool #G08722 3.500% 9/01/46 | 72,116 | 66,054 | ||||||
Pool #G08742 3.500% 1/01/47 | 333,381 | 305,152 | ||||||
Pool #G08757 3.500% 4/01/47 | 84,998 | 77,721 | ||||||
Pool #ZA5103 3.500% 12/01/47 | 3,234 | 2,943 | ||||||
Pool #G67707 3.500% 1/01/48 | 1,762,969 | 1,624,159 | ||||||
Pool #G08800 3.500% 2/01/48 | 29,731 | 27,083 | ||||||
Pool #G08816 3.500% 6/01/48 | 237,138 | 215,947 | ||||||
Pool #G61556 3.500% 8/01/48 | 405,545 | 371,079 | ||||||
Pool #G60344 4.000% 12/01/45 | 521,588 | 495,335 | ||||||
Pool #G67711 4.000% 3/01/48 | 570,847 | 540,866 | ||||||
Pool #G67713 4.000% 6/01/48 | 2,375 | 2,245 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Pool #RA7921 4.000% 9/01/52 | $ | 1,632,540 | $ | 1,517,171 | ||||
Pool #SD8244 4.000% 9/01/52 | 1,747,158 | 1,618,775 | ||||||
Pool #G08843 4.500% 10/01/48 | 109,525 | 105,889 | ||||||
Pool #SD2322 4.500% 9/01/52 | 498,567 | 474,856 | ||||||
Pool #SD8275 4.500% 12/01/52 (f) | 2,227,190 | 2,121,268 | ||||||
Pool #SD2730 4.500% 4/01/53 | 1,483,809 | 1,413,241 | ||||||
Pool #G08833 5.000% 7/01/48 | 72,820 | 72,363 | ||||||
Pool #G08844 5.000% 10/01/48 | 65,758 | 65,345 | ||||||
Federal National Mortgage Association | ||||||||
Pool #MA4176 2.000% 11/01/40 | 1,168,631 | 984,640 | ||||||
Pool #MA4333 2.000% 5/01/41 | 174,087 | 146,026 | ||||||
Pool #MA4158 2.000% 10/01/50 | 963,889 | 767,554 | ||||||
Pool #MA4492 2.000% 12/01/51 | 1,649,711 | 1,307,493 | ||||||
Pool #BQ6913 2.000% 12/01/51 | 2,153,244 | 1,706,572 | ||||||
Pool #BQ7006 2.000% 1/01/52 | 3,402,637 | 2,696,790 | ||||||
Pool #CB2802 2.000% 2/01/52 | 1,111,476 | 884,731 | ||||||
Pool #MA4562 2.000% 3/01/52 | 4,058,874 | 3,214,360 | ||||||
Pool #FS1598 2.000% 4/01/52 | 1,547,756 | 1,225,721 | ||||||
Pool #BL6060 2.455% 4/01/40 | 570,000 | 413,074 | ||||||
Pool #MA4512 2.500% 1/01/52 | 1,604,303 | 1,327,191 | ||||||
Pool #MA4548 2.500% 2/01/52 | 1,535,092 | 1,270,414 | ||||||
Pool #MA4563 2.500% 3/01/52 | 1,568,627 | 1,297,186 | ||||||
Pool #MA1607 3.000% 10/01/33 | 239,884 | 225,971 | ||||||
Pool #MA3811 3.000% 10/01/49 | 196,894 | 168,985 | ||||||
Pool #CB2430 3.000% 12/01/51 | 2,726,681 | 2,346,994 | ||||||
Pool #BV8477 3.000% 5/01/52 | 545,470 | 470,090 | ||||||
Pool #AB4262 3.500% 1/01/32 | 198,211 | 190,303 | ||||||
Pool #MA1512 3.500% 7/01/33 | 102,718 | 98,267 | ||||||
Pool #MA1148 3.500% 8/01/42 | 603,882 | 554,665 | ||||||
Pool #CA0996 3.500% 1/01/48 | 115,998 | 105,969 | ||||||
Pool #MA3305 3.500% 3/01/48 | 22,743 | 20,691 | ||||||
Pool #BL1132 3.730% 1/01/29 | 920,000 | 871,488 | ||||||
Pool #MA1146 4.000% 8/01/42 | 249,154 | 237,020 | ||||||
Pool #AS9830 4.000% 6/01/47 | 114,597 | 107,976 | ||||||
Pool #MA3027 4.000% 6/01/47 | 172,233 | 162,281 | ||||||
Pool #AS9972 4.000% 7/01/47 | 104,026 | 98,016 | ||||||
Pool #931504 4.500% 7/01/39 | 35,175 | 34,450 | ||||||
Pool #CA1711 4.500% 5/01/48 | 124,532 | 120,478 | ||||||
Pool #CA1710 4.500% 5/01/48 | 382,727 | 370,266 | ||||||
Pool #CA2208 4.500% 8/01/48 | 218,421 | 211,105 | ||||||
Pool #MA4733 4.500% 9/01/52 | 404,562 | 385,322 | ||||||
Pool #BW9897 4.500% 10/01/52 | 708,017 | 674,301 | ||||||
Pool #FS4701 4.500% 4/01/53 | 1,703,101 | 1,621,572 | ||||||
Pool #AD6374 5.000% 5/01/40 | 7,429 | 7,486 | ||||||
Pool #AI2733 5.000% 5/01/41 | 80,158 | 80,724 | ||||||
Pool #977014 5.500% 5/01/38 | 8,073 | 8,278 | ||||||
Pool #985524 5.500% 6/01/38 | 12,257 | 12,598 | ||||||
Pool #988578 5.500% 8/01/38 | 87,648 | 89,961 | ||||||
Pool #995482 5.500% 1/01/39 | 48,881 | 50,204 | ||||||
Government National Mortgage Association II | ||||||||
Pool #MA4126 3.000% 12/20/46 | 524,329 | 469,737 | ||||||
Pool #MA4718 3.000% 9/20/47 | 56,752 | 50,772 | ||||||
Pool #MA4836 3.000% 11/20/47 | 199,328 | 178,325 | ||||||
Pool #MA6209 3.000% 10/20/49 | 170,296 | 147,243 | ||||||
Pool #MA3521 3.500% 3/20/46 | 202,715 | 187,502 | ||||||
Pool #MA3597 3.500% 4/20/46 | 63,109 | 58,373 | ||||||
Pool #MA3663 3.500% 5/20/46 | 92,293 | 85,280 | ||||||
Pool #MA3937 3.500% 9/20/46 | 75,884 | 70,047 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
Pool #MA4127 3.500% 12/20/46 | $ | 278,105 | $ | 256,451 | ||||
Pool #MA4262 3.500% 2/20/47 | 281,678 | 259,747 | ||||||
Pool #MA4382 3.500% 4/20/47 | 72,016 | 66,341 | ||||||
Pool #MA4719 3.500% 9/20/47 | 88,598 | 81,478 | ||||||
Pool #MA4837 3.500% 11/20/47 | 183,341 | 168,608 | ||||||
Pool #MA4900 3.500% 12/20/47 | 660,694 | 607,600 | ||||||
Pool #MA4653 4.000% 8/20/47 | 34,995 | 33,146 | ||||||
Pool #MA4838 4.000% 11/20/47 | 145,493 | 137,625 | ||||||
Pool #MA4901 4.000% 12/20/47 | 63,824 | 60,372 | ||||||
Pool #MA5078 4.000% 3/20/48 | 215,784 | 204,114 | ||||||
Pool #MA5466 4.000% 9/20/48 | 241,112 | 227,921 | ||||||
Pool #MA5399 4.500% 8/20/48 | 437,748 | 425,680 | ||||||
Pool #MA3666 5.000% 5/20/46 | 74,554 | 74,750 | ||||||
Pool #MA4199 5.000% 1/20/47 | 76,605 | 76,723 | ||||||
Pool #MA4454 5.000% 5/20/47 | 116,719 | 117,441 | ||||||
Pool #MA4722 5.000% 9/20/47 | 128,651 | 129,246 | ||||||
Government National Mortgage Association II, TBA | ||||||||
2.500% 4/20/54 (f) | 5,225,000 | 4,449,979 | ||||||
4.500% 4/20/54 (f) | 5,175,000 | 4,972,185 | ||||||
5.000% 4/20/54 (f) | 4,400,000 | 4,325,027 | ||||||
5.500% 5/20/54 (f) | 2,450,000 | 2,447,314 | ||||||
Uniform Mortgage-Backed Security, TBA | ||||||||
2.000% 4/01/54 (f) | 7,375,000 | 5,834,705 | ||||||
2.500% 4/01/54 (f) | 3,500,000 | 2,893,106 | ||||||
3.000% 4/01/54 (f) | 5,750,000 | 4,948,145 | ||||||
3.500% 4/01/54 (f) | 4,425,000 | 3,959,165 | ||||||
4.000% 4/01/54 (f) | 14,300,000 | 13,242,023 | ||||||
4.500% 4/01/54 (f) | 6,750,000 | 6,427,530 | ||||||
5.000% 4/01/54 (f) | 6,625,000 | 6,466,103 | ||||||
5.500% 4/01/54 (f) | 4,525,000 | 4,503,259 | ||||||
122,075,048 | ||||||||
Whole Loans — 0.3% | ||||||||
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R03, Class 1M2, 30 day USD SOFR Average + 3.500% | ||||||||
8.820% FRN 3/25/42 (b) | 1,000,000 | 1,049,324 | ||||||
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES (Cost $130,505,031) | 125,685,776 | |||||||
U.S. TREASURY OBLIGATIONS — 39.3% | ||||||||
U.S. Treasury Bonds & Notes — 39.3% | ||||||||
U.S. Treasury Bonds | ||||||||
4.250% 2/15/54 | 15,777,000 | 15,515,694 | ||||||
4.500% 2/15/44 (d) | 20,945,000 | 21,088,997 | ||||||
U.S. Treasury Notes | ||||||||
4.000% 2/15/34 | 19,955,000 | 19,624,495 | ||||||
4.125% 3/31/29 | 35,965,000 | 35,819,522 | ||||||
4.250% 3/15/27 | 13,195,000 | 13,134,179 | ||||||
4.250% 2/28/29 | 17,470,000 | 17,497,896 |
MML Total Return Bond Fund — Portfolio of Investments (Continued) |
Principal Amount | Value | |||||||
4.500% 3/31/26 | $ | 7,155,000 | $ | 7,138,658 | ||||
129,819,441 | ||||||||
TOTAL U.S. TREASURY OBLIGATIONS (Cost $129,653,087) | 129,819,441 | |||||||
TOTAL BONDS & NOTES (Cost $389,833,667) | 378,990,713 | |||||||
Number of Shares | ||||||||
EQUITIES — 0.1% | ||||||||
COMMON STOCK — 0.1% | ||||||||
Communication Services — 0.1% | ||||||||
Intelsat SA (h) | 7,225 | 187,850 | ||||||
TOTAL COMMON STOCK (Cost $676,994) | 187,850 | |||||||
TOTAL EQUITIES (Cost $676,994) | 187,850 | |||||||
TOTAL LONG-TERM INVESTMENTS (Cost $390,510,661) | 379,178,563 | |||||||
SHORT-TERM INVESTMENTS — 24.1% | ||||||||
Investment of Cash Collateral from Securities Loaned — 5.5% | ||||||||
State Street Navigator Securities Lending Government Money Market Portfolio (i) | 17,996,178 | 17,996,178 | ||||||
Principal Amount | ||||||||
Repurchase Agreement — 13.9% | ||||||||
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/28/24, 1.600%, due 4/01/24 (j) | $ | 45,766,315 | 45,766,315 | |||||
U.S. Treasury Bill — 4.7% | ||||||||
U.S. Treasury Bills | ||||||||
5.374% 4/16/24 (k) | 3,955,000 | 3,944,552 | ||||||
5.380% 4/16/24 (k) | 5,180,000 | 5,166,316 | ||||||
5.385% 4/23/24 (k) | 6,240,000 | 6,217,185 | ||||||
5.401% 4/02/24 (k) | 325,000 | 324,810 | ||||||
15,652,863 | ||||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $79,422,699) | 79,415,356 | |||||||
TOTAL INVESTMENTS — 138.8% (Cost $469,933,360) (l) | 458,593,919 | |||||||
Other Assets/(Liabilities) — (38.8)% | (128,256,617) | |||||||
NET ASSETS — 100.0% | $ | 330,337,302 |
Abbreviation Legend
CLO | Collateralized Loan Obligation |
CMT | Constant Maturity Treasury Index |
FRN | Floating Rate Note |
LIBOR | London InterBank Offered Rate |
MTA | Monthly Treasury Average Index |
REMICS | Real Estate Mortgage Investment Conduits |
SOFR | Secured Overnight Financing Rate |
STEP | Step Coupon Bond |
TBA | To Be Announced |
VRN | Variable Rate Note |
Notes to Portfolio of Investments
Percentages are stated as a percent of net assets.
(a) | All or a portion of the security represents unsettled bank loan commitments at March 31, 2024 where the rate will be determined at time of settlement. |
(b) | Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At March 31, 2024, the aggregate market value of these securities amounted to $52,505,234 or 15.89% of net assets. |
(c) | The principal amount of the security is in foreign currency. The market value is in U.S. dollars. |
(d) | Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2024, was $17,629,634 or 5.34% of net assets. (Note 2). |
(e) | Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The rates shown are the current interest rates at March 31, 2024. |
(f) | A portion of this security is purchased on a when-issued, delayed-delivery or forward commitment basis. |
(g) | May contain securities that are issued by a U.S. Government Agency, but are unsecured and are not guaranteed by a U.S. Government Agency. |
(h) | Non-income producing security. |
(i) | Represents investment of security lending cash collateral. (Note 2). |
(j) | Maturity value of $45,774,451. Collateralized by U.S. Government Agency obligations with a rate of 5.000%, maturity date of 9/30/25, and an aggregate market value, including accrued interest, of $46,681,656. |
(k) | The rate shown represents yield-to-maturity. |
(l) | See Note 3 for aggregate cost for federal tax purposes. |
Forward contracts | ||||||||||||||||
Counterparty | Settlement Date | Currency Purchased | Currency Sold | Unrealized Appreciation (Depreciation) | ||||||||||||
Bank of America N.A. | 4/12/24 | USD | 102,584 | EUR | 94,000 | $ | 1,136 | |||||||||
Bank of New York | 4/12/24 | USD | 111,585 | EUR | 103,000 | 424 | ||||||||||
Citibank N.A. | 4/12/24 | EUR | 262,000 | USD | 284,917 | (2,158) | ||||||||||
Citibank N.A. | 4/12/24 | USD | 340,811 | GBP | 267,000 | 3,800 | ||||||||||
Citibank N.A. | 4/12/24 | USD | 4,049,077 | EUR | 3,684,000 | 73,190 | ||||||||||
Goldman Sachs International | 4/12/24 | USD | 11,942 | EUR | 11,000 | 71 | ||||||||||
$ | 76,463 |
Futures contracts | ||||||||||||||
Expiration Date | Number of Contracts | Notional Amount | Value/Net Unrealized Appreciation (Depreciation) | |||||||||||
Long | ||||||||||||||
U.S. Treasury Ultra 10 Year | 6/18/24 | 6 | $ | 683,682 | $ | 3,974 | ||||||||
U.S. Treasury Note 2 Year | 6/28/24 | 462 | 94,544,281 | (72,499) | ||||||||||
U.S. Treasury Note 5 Year | 6/28/24 | 39 | 4,169,610 | 3,999 | ||||||||||
$ | (64,526) | |||||||||||||
Short | ||||||||||||||
Euro-BOBL | 6/06/24 | 10 | $ | (1,270,010) | $ | (5,730) | ||||||||
Euro-Bund | 6/06/24 | 13 | (1,857,601) | (13,060) | ||||||||||
Euro-Buxl 30 Year Bond | 6/06/24 | 2 | (287,101) | (5,915) | ||||||||||
U.S. Treasury Note 10 Year | 6/18/24 | 5 | (557,852) | 3,868 | ||||||||||
$ | (20,837) |
Centrally Cleared Interest Rate Swaps | ||||||||||||||||||||||||||||||||
Paid by the Fund | Received by the Fund | |||||||||||||||||||||||||||||||
Rate/ Reference | Frequency | Rate/ Reference | Frequency | Termination Date | Notional Amount | Value | Upfront Premium Paid/ (Received) | Unrealized Appreciation (Depreciation) | ||||||||||||||||||||||||
Fixed 3.520% | Annually | 12-Month USD SOFR | Annually | 12/20/53 | USD | 2,201,000 | $ | 40,659 | $ | — | $ | 40,659 |
Currency Legend
EUR | Euro |
GBP | British Pound |
USD | U.S. Dollar |
Notes to Portfolio of Investments (Unaudited) |
1. The Funds
MML Series Investment Fund (the ''Trust'') is registered under the Investment Company Act of 1940, as amended, as an open-end management investment company. The Trust is organized under the laws of the Commonwealth of Massachusetts as a Massachusetts business trust pursuant to an Agreement and Declaration of Trust dated December 19, 1984, as restated May 14, 1993, and further amended and restated as of December 15, 2011, as it may be further amended from time to time. The Trust consists of the following series (each individually referred to as a ''Fund'' or collectively as the ''Funds''):
MML Conservative Allocation Fund ("Conservative Allocation Fund")
MML Balanced Allocation Fund ("Balanced Allocation Fund")
MML Moderate Allocation Fund ("Moderate Allocation Fund")
MML Growth Allocation Fund ("Growth Allocation Fund")
MML Aggressive Allocation Fund ("Aggressive Allocation Fund")
MML American Funds Growth Fund ("MML American Funds Growth Fund")
MML American Funds Core Allocation Fund ("MML American Funds Core Allocation Fund")
MML Blue Chip Growth Fund ("Blue Chip Growth Fund")
MML Equity Income Fund ("Equity Income Fund")
MML Equity Index Fund ("Equity Index Fund")
MML Focused Equity Fund ("Focused Equity Fund")
MML Foreign Fund ("Foreign Fund")
MML Fundamental Equity Fund ("Fundamental Equity Fund")
MML Fundamental Value Fund ("Fundamental Value Fund")
MML Global Fund ("Global Fund")
MML Income & Growth Fund ("Income & Growth Fund")
MML International Equity Fund ("International Equity Fund")
MML Large Cap Growth Fund ("Large Cap Growth Fund")
MML Managed Volatility Fund ("Managed Volatility Fund")
MML Mid Cap Growth Fund ("Mid Cap Growth Fund")
MML Mid Cap Value Fund ("Mid Cap Value Fund")
MML Small Cap Growth Equity Fund ("Small Cap Growth Equity Fund")
MML Small Company Value Fund ("Small Company Value Fund")
MML Small/Mid Cap Value Fund ("Small/Mid Cap Value Fund")
MML Sustainable Equity Fund ("Sustainable Equity Fund")
MML Total Return Bond Fund ("Total Return Bond Fund")
The Trust makes shares of the Funds available for the investment of assets of various separate investment accounts established by Massachusetts Mutual Life Insurance Company ("MassMutual") and by life insurance companies which are subsidiaries of MassMutual. Shares of the Trust are not offered to the general public. MassMutual, MML Bay State Life Insurance Company, C.M. Life Insurance Company, and the Allocation Funds (as defined below), which are "funds of funds" series of the Trust, are the record owners of all of the outstanding shares of the Funds.
The Conservative Allocation Fund, Balanced Allocation Fund, Moderate Allocation Fund, Growth Allocation Fund, and Aggressive Allocation Fund (the "Allocation Funds") invest their investable assets in shares of series of the Trust and MML Series Investment Fund II advised by MML Investment Advisers, LLC ("MML Advisers") and non-affiliated mutual funds (together, the "MML Underlying Funds").
MML American Funds Growth Fund (the "Feeder Fund") invests all of its assets in Class 1 shares of the Growth Fund, a series of the American Funds Insurance Series (the "Master Fund"). The Master Fund is an open-end investment company and organized as a Massachusetts business trust. The Feeder Fund has an investment objective that is consistent with the Master Fund. The Master Fund intends to comply with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended (the "Code"), applicable to mutual funds and intends to distribute substantially all of its taxable income and capital gains to shareholders, which includes the Feeder Fund, to qualify as a regulated investment company. The performance of the Feeder Fund is directly affected by the performance of the Master Fund. The MML American Funds Core Allocation Fund invests all of its investable assets in shares of various series of American Funds Insurance Series, which are managed by Capital Research and Management Company (together, the "American Underlying Funds" and collectively with the MML Underlying Funds, the "Underlying Funds").
Notes to Portfolio of Investments (Unaudited) (Continued) |
2. Significant Accounting Policies
Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, Financial Services – Investment Companies.
Investment Valuation
The net asset value of each Fund’s shares is determined once daily as of the close of regular trading on the New York Stock Exchange ("NYSE"), on each day the NYSE is open for trading (a "business day"). The NYSE normally closes at 4:00 p.m. Eastern Time, but may close earlier on some days. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. A Fund will not treat an intraday disruption in NYSE trading or other event that causes an unscheduled closing of the NYSE as a close of business of the NYSE for these purposes; instead, MML Advisers will determine the fair value of a Fund’s securities in accordance with MML Advisers’ fair valuation policy and procedures. On holidays and other days when the NYSE is closed, each Fund’s net asset value generally is not calculated and the Funds do not anticipate accepting buy or sell orders. However, the value of each Fund’s assets may still be affected on such days to the extent that a Fund or an Underlying Fund or the Master Fund holds foreign securities that trade on days that foreign securities markets are open.
The net asset value of each of the Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund is based upon the net asset value(s) of the Master Fund or Underlying Funds, as applicable. Shares of the Master Fund and Underlying Funds are valued at their closing net asset values as reported on each business day.
The Prospectuses and Statements of Additional Information ("SAIs") for the Underlying Funds and the Master Fund, as applicable, explain the valuation methods for the Underlying Funds and the Master Fund, including the circumstances under which the Underlying Funds or the Master Fund, may use fair value pricing and the effects of doing so. Such Prospectuses and SAIs are available on the Securities and Exchange Commission’s ("SEC") EDGAR database on its website at http://www.sec.gov.
Equity securities and derivative contracts that are actively traded on a national securities exchange or contract market are valued on the basis of information furnished by a pricing service, which provides the last reported sale price, or, in the case of futures contracts, the settlement price, for securities or derivatives listed on the exchange or contract market or the official closing price on the NASDAQ National Market System ("NASDAQ System"), or in the case of over-the-counter ("OTC") securities for which an official closing price is unavailable or not reported on the NASDAQ System, the last reported bid price. Portfolio securities traded on more than one national securities exchange are valued at the last price at the close of the exchange representing the principal market for such securities. Debt securities are valued on the basis of valuations furnished by a pricing service, which generally determines valuations taking into account factors such as institutional-size trading in similar securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data. Shares of other open-end mutual funds are valued at their closing net asset values as reported on each business day.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Investments for which market quotations are readily available are marked to market daily based on those quotations. Market quotations may be provided by third-party vendors or market makers, and may be determined on the basis of a variety of factors, such as broker quotations, financial modeling, and other market data, such as market indexes and yield curves, counterparty information, and foreign exchange rates. U.S. Government and agency securities may be valued on the basis of market quotations or using a model that may incorporate market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. The fair values of OTC derivative contracts, including forward, swap, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices, may be based on market quotations or may be modeled using a series of techniques, including simulation models, depending on the contract and the terms of the transaction. The fair values of asset-backed securities and mortgage-backed securities are estimated based on models that consider the estimated cash flows of each debt tranche of the issuer, established benchmark yield, and estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche, including, but not limited to, prepayment speed assumptions and attributes of the collateral.
The Board of Trustees ("Trustees") have designated MML Advisers as the Funds’ "valuation designee," responsible for determining the fair value, in good faith, of securities and other instruments held by the Funds for which market quotations are not readily available or for which such market quotations or values are considered by MML Advisers or a subadviser to be unreliable (including, for example, certain foreign securities, thinly-traded securities, certain restricted securities, certain initial public offerings, or securities whose values may have been affected by a significant event). It is possible that a significant amount of a Fund’s assets will be subject to fair valuation in accordance with MML Advisers’ fair valuation policy and procedures. The fair value determined for an investment by MML Advisers may differ from recent market prices for the investment and may be significantly different from the value realized upon the sale of such investment.
The Funds and certain Underlying Funds or the Master Fund may invest in securities that are traded principally in foreign markets and that trade on weekends and other days when the Funds do not price their shares. As a result, the values of the Funds' portfolio securities may change on days when the prices of the Funds' shares are not calculated. The prices of the Funds' shares will reflect any such changes when the prices of the Funds' shares are next calculated, which is the next business day. The Funds may use fair value pricing more frequently for securities primarily traded in foreign markets because, among other things, most foreign markets close well before the Funds value their securities. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim. The Funds' investments may be priced based on fair values provided by a third-party vendor, based on certain factors and methodologies applied by such vendor, in the event that there is movement in the U.S. market, between the close of the foreign market and the time the Funds calculate their net asset values. All assets and liabilities expressed in foreign currencies are converted into U.S. dollars at the mean between the buying and selling rates of such currencies against the U.S. dollar at the end of each business day.
Investments in equity or debt issued by privately held companies or funds ("Private Company" or collectively, the "Private Companies") and any other investments fair valued using significant unobservable inputs may be fair valued using alternate valuation approaches including the following:
Market approach: considers factors including the price of recent investments in the same or similar security or financial metrics of comparable securities.
Income approach: considers factors including expected future cash flows, security specific risks, and corresponding discount rates.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Cost approach: considers factors including the value of the security’s underlying assets and liabilities.
Investments in series of preferred stock issued by Private Companies are typically valued utilizing the Market approach in determining the enterprise value of the company. Such investments often contain rights and preferences that differ from other series of preferred and common stock of the same issuer. Valuation techniques such as the current value method ("CVM"), an option pricing model ("OPM"), a probability weighted expected return model ("PWERM"), or a hybrid of those techniques are used in allocating enterprise value of the company, as deemed appropriate under the circumstances. The CVM allocates value among the various parts of a company’s capital structure assuming that the value of convertible preferred stock is represented by the most favorable claim the preferred stockholders have on the enterprise value as of the valuation date. The use of OPM and PWERM techniques involve a determination of the exit scenarios of the investment in order to appropriately allocate the enterprise value of the company among the various parts of its capital structure.
The Private Companies are not subject to the public company disclosure, timing, and reporting standards as other investments held by a Fund. Typically, the most recently available information for a Private Company is as of a date that is earlier than the date a Fund is calculating its net asset value. This factor may result in a difference between the value of the investment and the price a Fund could receive upon the sale of the investment.
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier hierarchy is utilized to maximize the use of observable market data inputs and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.
Level 1 – quoted prices (unadjusted) in active markets for identical investments that the Funds can access at the measurement date
Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)
Level 3 – significant unobservable inputs, to the extent observable inputs are not available (including the Funds' own assumptions in determining the fair value of investments)
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.
Changes in valuation techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. In addition, in periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Levels.
Notes to Portfolio of Investments (Unaudited) (Continued) |
In certain cases, the inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest Level input that is significant to the overall fair value measurement.
The Focused Equity Fund, Fundamental Value Fund, and Small/Mid Cap Value Fund characterized all long-term investments at Level 1, and all short-term investments at Level 2, as of March 31, 2024. The Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund characterized all investments at Level 1, as of March 31, 2024. For each Fund noted in the preceding sentences, the level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.
The following is the aggregate value by input level, as of March 31, 2024, for the remaining Funds' investments:
Blue Chip Growth Fund
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 469,577,433 | $ | 1,310,068 | $ | 750,669 | $ | 471,638,170 | ||||||||
Preferred Stock | — | — | 911,759 | 911,759 | ||||||||||||
Corporate Debt | — | 972,172 | — | 972,172 | ||||||||||||
Short-Term Investments | 3,559 | 11,001,751 | — | 11,005,310 | ||||||||||||
Total Investments | $ | 469,580,992 | $ | 13,283,991 | $ | 1,662,428 | $ | 484,527,411 |
Equity Income Fund
Common Stock | $ | 340,985,659 | $ | 13,469,862 | * | $ | — | $ | 354,455,521 | |||||||
Preferred Stock | 621,128 | 2,329,418 | * | — | 2,950,546 | |||||||||||
Short-Term Investments | 1,805,192 | 2,534,992 | — | 4,340,184 | ||||||||||||
Total Investments | $ | 343,411,979 | $ | 18,334,272 | $ | — | $ | 361,746,251 |
Equity Index Fund
Common Stock | $ | 705,167,791 | $ | — | $ | — | $ | 705,167,791 | ||||||||
Short-Term Investments | — | 5,231,955 | — | 5,231,955 | ||||||||||||
Total Investments | $ | 705,167,791 | $ | 5,231,955 | $ | — | $ | 710,399,746 | ||||||||
Asset Derivatives | ||||||||||||||||
Futures Contracts | $ | 130,862 | $ | — | $ | — | $ | 130,862 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Foreign Fund
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock* | ||||||||||||||||
Australia | $ | — | $ | 8,435,627 | $ | — | $ | 8,435,627 | ||||||||
Belgium | 656,208 | 5,974,438 | — | 6,630,646 | ||||||||||||
Canada | 1,361,350 | — | — | 1,361,350 | ||||||||||||
Denmark | — | 922,291 | — | 922,291 | ||||||||||||
France | — | 17,411,257 | — | 17,411,257 | ||||||||||||
Germany | — | 19,431,249 | — | 19,431,249 | ||||||||||||
Hong Kong | — | 1,162,535 | — | 1,162,535 | ||||||||||||
Ireland | 2,416,098 | 4,503,487 | — | 6,919,585 | ||||||||||||
Israel | 1,787,709 | — | — | 1,787,709 | ||||||||||||
Italy | — | 595,367 | — | 595,367 | ||||||||||||
Japan | — | 36,662,633 | — | 36,662,633 | ||||||||||||
Luxembourg | — | 1,680,884 | — | 1,680,884 | ||||||||||||
Netherlands | — | 9,114,014 | — | 9,114,014 | ||||||||||||
Norway | — | 2,101,305 | — | 2,101,305 | ||||||||||||
Republic of Korea | — | 3,634,402 | — | 3,634,402 | ||||||||||||
Singapore | — | 2,476,790 | — | 2,476,790 | ||||||||||||
Sweden | — | 4,194,490 | — | 4,194,490 | ||||||||||||
Switzerland | — | 5,541,023 | — | 5,541,023 | ||||||||||||
United Kingdom | — | 30,545,915 | — | 30,545,915 | ||||||||||||
United States | 3,541,456 | 11,263,724 | — | 14,805,180 | ||||||||||||
Preferred Stock* | ||||||||||||||||
Germany | — | 1,060,849 | — | 1,060,849 | ||||||||||||
Short-Term Investments | 3,741,838 | — | — | 3,741,838 | ||||||||||||
Total Investments | $ | 13,504,659 | $ | 166,712,280 | $ | — | $ | 180,216,939 |
Fundamental Equity Fund
Common Stock | $ | 142,385,821 | $ | 1,639,950 | * | $ | — | $ | 144,025,771 | |||||||
Short-Term Investments | 762,432 | 3,752,079 | — | 4,514,511 | ||||||||||||
Total Investments | $ | 143,148,253 | $ | 5,392,029 | $ | — | $ | 148,540,282 |
Global Fund
Common Stock* | ||||||||||||||||
Austria | $ | — | $ | 779,081 | $ | — | $ | 779,081 | ||||||||
Canada | 4,810,771 | — | — | 4,810,771 | ||||||||||||
Denmark | — | 737,541 | — | 737,541 | ||||||||||||
France | — | 10,221,621 | — | 10,221,621 | ||||||||||||
Germany | — | 4,086,229 | — | 4,086,229 | ||||||||||||
Israel | 1,672,738 | — | — | 1,672,738 | ||||||||||||
Japan | — | 3,202,668 | — | 3,202,668 | ||||||||||||
Mexico | — | 467,223 | — | 467,223 | ||||||||||||
Netherlands | — | 2,992,205 | — | 2,992,205 | ||||||||||||
Republic of Korea | — | 1,494,116 | — | 1,494,116 | ||||||||||||
Spain | — | 3,710,739 | — | 3,710,739 | ||||||||||||
Sweden | — | 1,377,848 | — | 1,377,848 | ||||||||||||
Switzerland | — | 6,205,595 | — | 6,205,595 | ||||||||||||
United Kingdom | — | 9,723,040 | — | 9,723,040 | ||||||||||||
United States | 69,978,316 | 9,748,792 | — | 79,727,108 | ||||||||||||
Short-Term Investments | 2,696,220 | 590,419 | — | 3,286,639 | ||||||||||||
Total Investments | $ | 79,158,045 | $ | 55,337,117 | $ | — | $ | 134,495,162 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Income & Growth Fund
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 154,729,991 | $ | — | $ | — | $ | 154,729,991 | ||||||||
Short-Term Investments | 1,625,546 | 1,461,797 | — | 3,087,343 | ||||||||||||
Total Investments | $ | 156,355,537 | $ | 1,461,797 | $ | — | $ | 157,817,334 |
International Equity Fund
Common Stock* | ||||||||||||||||
Australia | $ | — | $ | 3,018,431 | $ | — | $ | 3,018,431 | ||||||||
Belgium | 698,796 | 2,098,031 | — | 2,796,827 | ||||||||||||
Canada | 7,874,284 | — | — | 7,874,284 | ||||||||||||
China | 672,889 | 6,393,739 | — | 7,066,628 | ||||||||||||
Denmark | — | 7,213,569 | — | 7,213,569 | ||||||||||||
France | — | 39,123,695 | — | 39,123,695 | ||||||||||||
Germany | — | 35,728,191 | — | 35,728,191 | ||||||||||||
Hong Kong | — | 5,544,191 | — | 5,544,191 | ||||||||||||
India | 1,782,924 | 526,589 | — | 2,309,513 | ||||||||||||
Indonesia | — | 175,203 | — | 175,203 | ||||||||||||
Ireland | — | 1,241,485 | — | 1,241,485 | ||||||||||||
Israel | 1,554,159 | — | — | 1,554,159 | ||||||||||||
Italy | 3,815,040 | 6,573,300 | — | 10,388,340 | ||||||||||||
Japan | — | 28,389,804 | — | 28,389,804 | ||||||||||||
Luxembourg | — | 1,209,971 | — | 1,209,971 | ||||||||||||
Netherlands | — | 4,948,808 | — | 4,948,808 | ||||||||||||
Portugal | — | 1,314,240 | — | 1,314,240 | ||||||||||||
Republic of Korea | — | 3,009,269 | — | 3,009,269 | ||||||||||||
Singapore | — | 1,984,641 | — | 1,984,641 | ||||||||||||
Spain | — | 2,765,632 | — | 2,765,632 | ||||||||||||
Sweden | — | 2,540,069 | — | 2,540,069 | ||||||||||||
Switzerland | — | 18,384,383 | — | 18,384,383 | ||||||||||||
Taiwan | 2,679,369 | — | — | 2,679,369 | ||||||||||||
United Kingdom | — | 24,779,084 | — | 24,779,084 | ||||||||||||
United States | 5,544,443 | 19,628,357 | — | 25,172,800 | ||||||||||||
Preferred Stock* | ||||||||||||||||
Republic of Korea | — | 1,423,071 | — | 1,423,071 | ||||||||||||
Short-Term Investments | 2,939,988 | 1,952,312 | — | 4,892,300 | ||||||||||||
Total Investments | $ | 27,561,892 | $ | 219,966,065 | $ | — | $ | 247,527,957 |
Large Cap Growth Fund
Common Stock | $ | 197,024,066 | $ | — | $ | — | $ | 197,024,066 | ||||||||
Short-Term Investments | 1,615,001 | 8,436,474 | — | 10,051,475 | ||||||||||||
Total Investments | $ | 198,639,067 | $ | 8,436,474 | $ | — | $ | 207,075,541 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Managed Volatility Fund
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 101,283,226 | $ | — | $ | — | $ | 101,283,226 | ||||||||
Corporate Debt | — | — | — | + | — | |||||||||||
Purchased Options | 415,084 | — | — | 415,084 | ||||||||||||
Rights | — | — | — | + | — | |||||||||||
Short-Term Investments | — | 2,669,674 | — | 2,669,674 | ||||||||||||
Total Investments | $ | 101,698,310 | $ | 2,669,674 | $ | — | $ | 104,367,984 | ||||||||
Liability Derivatives | ||||||||||||||||
Written Options | $ | (1,775,701 | ) | $ | — | $ | — | $ | (1,775,701 | ) |
Mid Cap Growth Fund
Common Stock | $ | 343,989,895 | $ | — | $ | — | $ | 343,989,895 | ||||||||
Preferred Stock | — | — | 740,514 | 740,514 | ||||||||||||
Short-Term Investments | 542,726 | 9,351,186 | — | 9,893,912 | ||||||||||||
Total Investments | $ | 344,532,621 | $ | 9,351,186 | $ | 740,514 | $ | 354,624,321 |
Mid Cap Value Fund
Common Stock | $ | 245,053,552 | $ | 21,201,234 | * | $ | — | $ | 266,254,786 | |||||||
Preferred Stock | — | 2,149,103 | * | — | 2,149,103 | |||||||||||
Short-Term Investments | — | 2,016,999 | — | 2,016,999 | ||||||||||||
Total Investments | $ | 245,053,552 | $ | 25,367,336 | $ | — | $ | 270,420,888 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 81,133 | — | $ | 81,133 | |||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (4,825 | ) | $ | — | $ | (4,825 | ) |
Small Cap Growth Equity Fund
Common Stock | $ | 150,792,553 | $ | — | $ | — | $ | 150,792,553 | ||||||||
Exchange-Traded Funds | 1,557,688 | — | — | 1,557,688 | ||||||||||||
Short-Term Investments | 1,517,043 | 1,736,926 | — | 3,253,969 | ||||||||||||
Total Investments | $ | 153,867,284 | $ | 1,736,926 | $ | — | $ | 155,604,210 |
Notes to Portfolio of Investments (Unaudited) (Continued) |
Small Company Value Fund
Asset Investments | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stock | $ | 74,146,738 | $ | 477,378 | * | $ | — | $ | 74,624,116 | |||||||
Short-Term Investments | 1,089,088 | 115,946 | — | 1,205,034 | ||||||||||||
Total Investments | $ | 75,235,826 | $ | 593,324 | $ | — | $ | 75,829,150 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 5,543 | $ | — | $ | 5,543 |
Sustainable Equity Fund
Common Stock | $ | 149,629,269 | $ | 1,907,321 | * | $ | — | $ | 151,536,590 | |||||||
Exchange-Traded Funds | 87,876 | — | — | 87,876 | ||||||||||||
Short-Term Investments | — | 337,452 | — | 337,452 | ||||||||||||
Total Investments | $ | 149,717,145 | $ | 2,244,773 | $ | — | $ | 151,961,918 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 2,797 | $ | — | $ | 2,797 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (46 | ) | $ | — | $ | (46 | ) |
Total Return Bond Fund
Bank Loans | $ | — | $ | 4,983,831 | $ | — | $ | 4,983,831 | ||||||||
Corporate Debt | — | 58,278,870 | — | 58,278,870 | ||||||||||||
Municipal Obligations | — | 2,489,769 | — | 2,489,769 | ||||||||||||
Non-U.S. Government Agency Obligations | — | 55,634,034 | — | 55,634,034 | ||||||||||||
Sovereign Debt Obligations | — | 2,098,992 | — | 2,098,992 | ||||||||||||
U.S. Government Agency Obligations and Instrumentalities | — | 125,685,776 | — | 125,685,776 | ||||||||||||
U.S. Treasury Obligations | — | 129,819,441 | — | 129,819,441 | ||||||||||||
Common Stock | 187,850 | — | — | 187,850 | ||||||||||||
Short-Term Investments | 17,996,178 | 61,419,178 | — | 79,415,356 | ||||||||||||
Total Investments | $ | 18,184,028 | $ | 440,409,891 | $ | — | $ | 458,593,919 | ||||||||
Asset Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | 78,621 | $ | — | $ | 78,621 | ||||||||
Futures Contracts | 11,841 | — | — | 11,841 | ||||||||||||
Swap Agreements | — | 40,659 | — | 40,659 | ||||||||||||
Total | $ | 11,841 | $ | 119,280 | $ | — | $ | 131,121 | ||||||||
Liability Derivatives | ||||||||||||||||
Forward Contracts | $ | — | $ | (2,158 | ) | $ | — | $ | (2,158 | ) | ||||||
Futures Contracts | (97,204 | ) | — | — | (97,204 | ) | ||||||||||
Total | $ | (97,204 | ) | $ | (2,158 | ) | $ | — | $ | (99,362 | ) |
Notes to Portfolio of Investments (Unaudited) (Continued) |
* | Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments after the close of trading in their respective foreign markets, as applicable. |
+ | Represents a security at $0 value as of March 31, 2024. |
Derivative Instruments
Derivatives are financial instruments whose values are based on the values of one or more underlying indicators, such as a security, asset, currency, interest rate, or index. Derivative transactions can create investment leverage and may be highly volatile. Losses from derivatives can be substantially greater than the derivatives' original cost and can sometimes be unlimited. A Fund may not be able to close out a derivative transaction at a favorable time or price.
Please refer to the Funds' most recent Annual/Semiannual reports and Prospectus(es) and Statement(s) of Additional Information which can be found on the SEC's EDGAR database on its website at http://www.sec.gov for more information regarding the derivatives and other investments held by the Fund(s).
Securities Lending
Each Fund, other than the Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund, may lend its securities; however, lending cannot exceed 33% of the total assets of the Fund taken at current value. The Funds’ securities lending activities are governed by a Securities Lending Agency Agreement ("Lending Agreement") between each Fund and the lending agent ("Agent"). The Lending Agreement authorizes the Agent to lend portfolio securities held by a Fund to approved borrowers (each, a "Borrower").
Each Fund expects that in connection with any securities on loan, the loan will be secured continuously by collateral consisting of cash (U.S. currency) and/or securities (U.S. Treasury and Agency obligations) adjusted daily to have value at least equal to the current market value of the securities loaned. The market value of the loaned securities is determined at the close of business of a Fund and any additional collateral is delivered to the Fund the next business day. The Funds bear the risk of loss with respect to the investment of cash collateral. As with other extensions of credit, the Funds may bear the risk of delay in recovery of the loaned securities or even loss of rights in the collateral should the Borrower of the securities fail financially. Pursuant to the Lending Agreement, the Agent has provided indemnification to the Funds in the event of default by a Borrower with respect to a loan. The Funds receive compensation for lending their securities in the form of a securities loan fee paid by the Borrower, as well as a share of the income earned on investment of the cash collateral received for the loaned securities. At March 31, 2024, the Funds' collateral was equal to or greater than 100% of the market value of securities on loan and all of the Funds’ cash collateral was invested in the State Street Navigator Securities Lending Government Money Market Portfolio.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Subject to the terms of the Lending Agreement and the agreement between the Agent and the applicable Borrower ("Borrowing Agreement"), security loans can be terminated by the Agent, the Fund, or the Borrower and the related securities must be returned within the earlier of the customary settlement period for such securities or the period of time specified in the Borrowing Agreement.
Accounting for Investment Transactions
Investment transactions are accounted for on the trade date. Realized gains and losses on sales of investments and unrealized appreciation and depreciation of investments are computed by the specific identification cost method. Proceeds received from litigation, if any, are included in realized gains on investment transactions for any investments that are no longer held in the portfolio and as a reduction in cost for investments that continue to be held in the portfolio. Interest income, adjusted for amortization of discounts and premiums on debt securities, is earned from the settlement date and is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Withholding taxes on foreign interest, dividends, and capital gains have been provided for in accordance with the applicable country's tax rules and rates. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain.
Foreign Currency Translation
The books and records of the Funds are maintained in U.S. dollars. The market values of foreign currencies, foreign securities, and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the mean of the buying and selling rates of such currencies against the U.S. dollar at the end of each business day. Purchases and sales of foreign securities and income and expense items are translated at the rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of the results of operations arising from changes in the exchange rates from that portion arising from changes in the market prices of securities. Net realized foreign currency gains and losses resulting from changes in exchange rates include foreign currency gains and losses between trade date and settlement date on investment securities transactions, foreign currency transactions, and the difference between the amounts of dividends or interest recorded on the books of the Funds and the amount actually received.
Foreign Securities
The Global Fund invests a significant amount of its assets in foreign securities and each of the Foreign Fund and International Equity Fund invests substantially all of its assets in foreign securities. The other Funds, except for the Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund may also invest in foreign securities. In addition, certain Underlying Funds or the Master Fund may invest in foreign securities. Foreign securities, including American Depositary Receipts, are subject to additional risks compared to securities of U.S. issuers, including international trade, currency, political, regulatory, public health, and diplomatic risks. In addition, fluctuations in currency exchange rates may favorably or unfavorably affect the values of foreign securities and the price of a Fund’s shares. Emerging markets securities are subject to greater risks than securities issued in developed foreign markets, including less liquidity, less stringent investor protection and disclosure standards, less reliable settlement practices, greater price volatility, higher relative rates of inflation, greater political, economic, and social instability, greater custody and operational risks, greater risk of new or inconsistent government treatment of or restrictions on issuers and instruments, and greater volatility in currency exchange rates, and are more susceptible to environmental problems.
Federal Income Tax
It is each Fund’s intent to continue to comply with the provisions of Subchapter M of the Code, applicable to a regulated investment company. Under such provisions, the Funds would not be subject to U.S. federal income taxes on their ordinary income and net realized capital gains to the extent they are distributed or deemed to have been distributed to their shareholders. Therefore, the Funds have not made any provision for U.S. federal income tax.
Dividends and Distributions to Shareholders
Dividends from net investment income and distributions of any net realized capital gains of each Fund are declared and paid annually and at other times as may be required to satisfy tax or regulatory requirements.
Notes to Portfolio of Investments (Unaudited) (Continued) |
Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from generally accepted accounting principles. As a result, net investment income and net realized capital gains on investment transactions for a reporting period may differ significantly from distributions during such period.
3. Federal Income Tax Information
At March 31, 2024, the aggregate cost of investments and the unrealized appreciation (depreciation) in the value of all investments owned by the Fund(s), as computed on a U.S. federal income tax basis, were as follows:
Federal Income Tax Cost | Tax Basis Unrealized Appreciation | Tax Basis Unrealized (Depreciation) | Net Unrealized Appreciation (Depreciation) | |||||||||||||
Conservative Allocation Fund | $ | 287,521,306 | $ | 6,644,258 | $ | (23,260,439 | ) | $ | (16,616,181 | ) | ||||||
Balanced Allocation Fund | 334,804,576 | 12,393,497 | (24,333,233 | ) | (11,939,736 | ) | ||||||||||
Moderate Allocation Fund | 1,179,116,060 | 42,441,228 | (68,815,674 | ) | (26,374,446 | ) | ||||||||||
Growth Allocation Fund | 973,866,461 | 47,924,924 | (48,581,019 | ) | (656,095 | ) | ||||||||||
Aggressive Allocation Fund | 131,684,618 | 5,389,064 | (4,641,112 | ) | 747,952 | |||||||||||
MML American Funds Growth Fund | 208,903,528 | 56,683,733 | – | 56,683,733 | ||||||||||||
MML American Funds Core Allocation Fund | 611,739,927 | 84,824,952 | (32,669,302 | ) | 52,155,650 | |||||||||||
Blue Chip Growth Fund | 293,347,144 | 204,120,458 | (12,940,191 | ) | 191,180,267 | |||||||||||
Equity Income Fund | 267,806,468 | 99,877,467 | (5,937,684 | ) | 93,939,783 | |||||||||||
Equity Index Fund | 329,464,167 | 397,740,943 | (16,805,364 | ) | 380,935,579 | |||||||||||
Focused Equity Fund | 235,677,090 | 59,020,613 | (3,902,748 | ) | 55,117,865 | |||||||||||
Foreign Fund | 163,743,219 | 32,557,198 | (16,083,478 | ) | 16,473,720 | |||||||||||
Fundamental Equity Fund | 116,242,456 | 34,061,595 | (1,763,769 | ) | 32,297,826 | |||||||||||
Fundamental Value Fund | 129,641,666 | 49,347,738 | (1,268,823 | ) | 48,078,915 | |||||||||||
Global Fund | 104,697,513 | 33,442,023 | (3,644,374 | ) | 29,797,649 | |||||||||||
Income & Growth Fund | 122,965,826 | 38,287,334 | (3,435,826 | ) | 34,851,508 | |||||||||||
International Equity Fund | 230,714,605 | 38,095,314 | (21,281,962 | ) | 16,813,352 | |||||||||||
Large Cap Growth Fund | 147,197,165 | 67,515,778 | (7,637,402 | ) | 59,878,376 | |||||||||||
Managed Volatility Fund | 59,756,584 | 47,276,874 | (2,665,474 | ) | 44,611,400 | |||||||||||
Mid Cap Growth Fund | 260,850,296 | 101,013,655 | (7,239,630 | ) | 93,774,025 | |||||||||||
Mid Cap Value Fund | 261,555,215 | 23,408,873 | (14,543,200 | ) | 8,865,673 | |||||||||||
Small Cap Growth Equity Fund | 128,174,236 | 36,947,870 | (9,517,896 | ) | 27,429,974 | |||||||||||
Small Company Value Fund | 70,512,258 | 10,889,805 | (5,572,913 | ) | 5,316,892 | |||||||||||
Small/Mid Cap Value Fund | 119,201,160 | 26,061,773 | (7,986,787 | ) | 18,074,986 | |||||||||||
Sustainable Equity Fund | 103,661,057 | 51,668,218 | (3,367,357 | ) | 48,300,861 | |||||||||||
Total Return Bond Fund | 469,933,360 | 1,583,803 | (12,923,244 | ) | (11,339,441 | ) |
4. New Accounting Pronouncements
In December 2022, FASB issued Accounting Standards Update 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848” (“ASU 2022-06”). ASU 2022-06 is an update of ASU 2020-04, which responded to concerns about structural risks of interbank offered rates, and particularly the risk of cessation of LIBOR. ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 is elective and applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2022-06 defers the sunset date provision included in Topic 848. The amendments in this update are effective immediately through December 31, 2024, for all entities. Management does not expect ASU 2022-06 to have a material impact on the financial statements.
5. Russia-Ukraine War
In February 2022, Russia commenced a large-scale military attack on Ukraine. The outbreak of hostilities between the two countries could result in more widespread conflict and could have a severe adverse effect on the regional and the global financial markets and economies. One or more of the Funds hold positions in securities or other instruments that are economically tied to Russia. Investments in Russia are subject to political, economic, legal, market, and currency risks, as well as the risks related to the economic sanctions on Russia, Russian individuals, and Russian corporate and banking entities imposed by the United States, other countries, and certain international organizations. Such sanctions — which affect companies in many sectors, including energy, financial services, and defense, among others — could adversely affect the global energy and financial markets and, thus, could affect the value of a Fund’s investments, even beyond any direct exposure the Fund may have to Russian issuers or the adjoining geographic regions. These sanctions and any other intergovernmental actions (including retaliatory actions by the Russian government) may also result in a decline in the value and liquidity of Russian securities and a weakening of the ruble, and will impair a Fund's ability to buy, sell, receive, or deliver Russian securities. In addition, certain transactions have been or may be prohibited and/or existing investments have or may become illiquid (e.g., because transacting in certain existing investments is prohibited), which could cause a Fund to sell other portfolio holdings at a disadvantageous time or price in order to meet shareholder redemptions.