NPORT-EX 2 fp0074940_nportex.htm

MML Conservative Allocation Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 42.4%          
Invesco Oppenheimer V.I. International Growth Fund, Series I   97,299   $235,464 
Invesco V.I. Discovery Mid Cap Growth Fund, Series I   5,720    544,517 
Invesco V.I. Global Fund, Series I   2,417    116,104 
Invesco V.I. Main Street Fund, Series I   33,026    1,111,646 
MML Blue Chip Growth Fund, Initial Class (a)   972,982    18,292,064 
MML Equity Income Fund, Initial Class (a)   1,106,661    14,043,525 
MML Equity Index Fund, Class III (a)   9,212    308,863 
MML Focused Equity Fund, Class II (a)   2,782,214    22,508,111 
MML Foreign Fund, Initial Class (a)   691,071    7,124,941 
MML Fundamental Equity Fund, Class II (a)   1,141,975    13,452,460 
MML Fundamental Value Fund, Class II (a)   789,703    11,790,259 
MML Global Fund, Class I (a)   470,583    6,479,926 
MML Income & Growth Fund, Initial Class (a)   910,751    11,457,252 
MML International Equity Fund, Class II (a)   1,401,100    14,263,198 
MML Large Cap Growth Fund, Initial Class (a)   702,957    9,742,990 
MML Mid Cap Growth Fund, Initial Class (a)   585,335    8,510,768 
MML Mid Cap Value Fund, Initial Class (a)   576,559    7,431,848 
MML Small Cap Growth Equity Fund, Initial Class (a)   64,801    905,828 
MML Small Company Value Fund, Class II (a)   235,103    4,001,461 
MML Small/Mid Cap Value Fund, Initial Class (a)   148,458    2,069,506 
MML Strategic Emerging Markets Fund, Class II (a)   463,909    4,049,925 
         158,440,656 
Fixed Income Funds — 57.7%          
Invesco V.I. Global Strategic Income Fund, Series I   2,344,806    9,918,530 
MML Dynamic Bond Fund, Class II (a)   4,521,572    43,226,229 
MML High Yield Fund, Class II (a)   314,630    3,042,469 
MML Inflation-Protected and Income Fund, Initial Class (a)   1,181,104    12,685,061 
MML Managed Bond Fund, Initial Class (a)   6,419,580    78,405,766 
MML Short-Duration Bond Fund, Class II (a)   2,051,579    18,874,527 
MML Total Return Bond Fund, Class II (a)   5,030,366    49,347,891 
         215,500,473 
           
TOTAL MUTUAL FUNDS
(Cost $370,825,406)
        373,941,129 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $370,825,406)
        373,941,129 
           
TOTAL INVESTMENTS — 100.1%
(Cost $370,825,406) (b)
        373,941,129 
           
Other Assets/(Liabilities) — (0.1)%        (288,459) 
           
NET ASSETS — 100.0%       $373,652,670 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Balanced Allocation Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 49.1%          
Invesco Oppenheimer V.I. International Growth Fund, Series I   199,831   $483,590 
Invesco V.I. Discovery Mid Cap Growth Fund, Series I   4,848    461,498 
Invesco V.I. Global Fund, Series I   3,822    183,556 
Invesco V.I. Main Street Fund, Series I   16,712    562,523 
MML Blue Chip Growth Fund, Initial Class (a)   1,214,978    22,841,580 
MML Equity Income Fund, Initial Class (a)   1,477,250    18,746,299 
MML Equity Index Fund, Class III (a)   16,739    561,274 
MML Focused Equity Fund, Class II (a)   3,627,656    29,347,740 
MML Foreign Fund, Initial Class (a)   937,135    9,661,867 
MML Fundamental Equity Fund, Class II (a)   1,536,970    18,105,508 
MML Fundamental Value Fund, Class II (a)   1,002,580    14,968,519 
MML Global Fund, Class I (a)   894,513    12,317,446 
MML Income & Growth Fund, Initial Class (a)   1,196,368    15,050,307 
MML International Equity Fund, Class II (a)   2,038,731    20,754,281 
MML Large Cap Growth Fund, Initial Class (a)   990,885    13,733,672 
MML Mid Cap Growth Fund, Initial Class (a)   761,198    11,067,819 
MML Mid Cap Value Fund, Initial Class (a)   845,087    10,893,175 
MML Small Cap Growth Equity Fund, Initial Class (a)   101,081    1,412,959 
MML Small Company Value Fund, Class II (a)   286,403    4,874,572 
MML Small/Mid Cap Value Fund, Initial Class (a)   203,638    2,838,716 
MML Strategic Emerging Markets Fund, Class II (a)   413,916    3,613,484 
         212,480,385 
Fixed Income Funds — 51.0%          
Invesco V.I. Global Strategic Income Fund, Series I   2,178,596    9,215,463 
MML Dynamic Bond Fund, Class II (a)   4,601,988    43,995,001 
MML High Yield Fund, Class II (a)   334,555    3,235,143 
MML Inflation-Protected and Income Fund, Initial Class (a)   1,383,093    14,854,417 
MML Managed Bond Fund, Initial Class (a)   6,417,726    78,383,121 
MML Short-Duration Bond Fund, Class II (a)   2,116,869    19,475,190 
MML Total Return Bond Fund, Class II (a)   5,266,136    51,660,793 
         220,819,128 
           
TOTAL MUTUAL FUNDS
(Cost $418,025,330)
        433,299,513 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $418,025,330)
        433,299,513 
           
TOTAL INVESTMENTS — 100.1%
(Cost $418,025,330) (b)
        433,299,513 
           
Other Assets/(Liabilities) — (0.1)%        (332,426) 
           
NET ASSETS — 100.0%       $432,967,087 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Moderate Allocation Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 62.3%          
Invesco Oppenheimer V.I. International Growth Fund, Series I   103,465   $250,385 
Invesco V.I. Discovery Mid Cap Growth Fund, Series I   5,555    528,803 
Invesco V.I. Global Fund, Series I   6,317    303,382 
MML Blue Chip Growth Fund, Initial Class (a)   5,734,857    107,815,309 
MML Equity Income Fund, Initial Class (a)   6,614,455    83,937,431 
MML Equity Index Fund, Class III (a)   73,137    2,452,268 
MML Focused Equity Fund, Class II (a)   17,501,525    141,587,337 
MML Foreign Fund, Initial Class (a)   4,084,579    42,112,006 
MML Fundamental Equity Fund, Class II (a)   7,022,818    82,728,792 
MML Fundamental Value Fund, Class II (a)   4,785,609    71,449,147 
MML Global Fund, Class I (a)   4,168,508    57,400,359 
MML Income & Growth Fund, Initial Class (a)   5,451,080    68,574,592 
MML International Equity Fund, Class II (a)   9,832,161    100,091,399 
MML Large Cap Growth Fund, Initial Class (a)   4,274,539    59,245,105 
MML Mid Cap Growth Fund, Initial Class (a)   3,448,549    50,141,909 
MML Mid Cap Value Fund, Initial Class (a)   3,692,955    47,602,185 
MML Small Cap Growth Equity Fund, Initial Class (a)   666,798    9,320,866 
MML Small Company Value Fund, Class II (a)   1,432,940    24,388,636 
MML Small/Mid Cap Value Fund, Initial Class (a)   1,002,264    13,971,558 
MML Strategic Emerging Markets Fund, Class II (a)   2,339,650    20,425,148 
         984,326,617 
Fixed Income Funds — 37.8%          
Invesco V.I. Global Strategic Income Fund, Series I   4,069,674    17,214,722 
MML Dynamic Bond Fund, Class II (a)   12,931,756    123,627,590 
MML High Yield Fund, Class II (a)   1,182,293    11,432,772 
MML Inflation-Protected and Income Fund, Initial Class (a)   3,324,045    35,700,245 
MML Managed Bond Fund, Initial Class (a)   18,028,152    220,187,469 
MML Short-Duration Bond Fund, Class II (a)   5,982,811    55,041,861 
MML Total Return Bond Fund, Class II (a)   13,665,970    134,063,165 
         597,267,824 
           
TOTAL MUTUAL FUNDS
(Cost $1,512,919,215)
        1,581,594,441 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $1,512,919,215)
        1,581,594,441 
           
TOTAL INVESTMENTS — 100.1%
(Cost $1,512,919,215) (b)
        1,581,594,441 
           
Other Assets/(Liabilities) — (0.1)%        (1,221,590) 
           
NET ASSETS — 100.0%       $1,580,372,851 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Growth Allocation Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 75.4%          
Invesco Oppenheimer V.I. International Growth Fund, Series I   181,923   $440,253 
Invesco V.I. Discovery Mid Cap Growth Fund, Series I   6,427    611,868 
Invesco V.I. Global Fund, Series I   12,796    614,613 
MML Blue Chip Growth Fund, Initial Class (a)   4,954,800    93,150,248 
MML Equity Income Fund, Initial Class (a)   5,634,901    71,506,889 
MML Equity Index Fund, Class III (a)   68,877    2,309,460 
MML Focused Equity Fund, Class II (a)   13,569,460    109,776,930 
MML Foreign Fund, Initial Class (a)   3,427,184    35,334,264 
MML Fundamental Equity Fund, Class II (a)   6,223,060    73,307,644 
MML Fundamental Value Fund, Class II (a)   4,052,929    60,510,225 
MML Global Fund, Class I (a)   3,312,561    45,613,968 
MML Income & Growth Fund, Initial Class (a)   4,728,701    59,487,065 
MML International Equity Fund, Class II (a)   7,979,349    81,229,768 
MML Large Cap Growth Fund, Initial Class (a)   4,173,004    57,837,833 
MML Mid Cap Growth Fund, Initial Class (a)   2,960,099    43,039,846 
MML Mid Cap Value Fund, Initial Class (a)   3,103,184    40,000,044 
MML Small Cap Growth Equity Fund, Initial Class (a)   749,687    10,479,525 
MML Small Company Value Fund, Class II (a)   1,457,252    24,802,426 
MML Small/Mid Cap Value Fund, Initial Class (a)   794,573    11,076,349 
MML Strategic Emerging Markets Fund, Class II (a)   1,666,804    14,551,203 
         835,680,421 
Fixed Income Funds — 24.7%          
Invesco V.I. Global Strategic Income Fund, Series I   2,911,655    12,316,301 
MML Dynamic Bond Fund, Class II (a)   5,951,159    56,893,081 
MML High Yield Fund, Class II (a)   450,979    4,360,962 
MML Inflation-Protected and Income Fund, Initial Class (a)   1,488,529    15,986,801 
MML Managed Bond Fund, Initial Class (a)   7,705,711    94,113,971 
MML Short-Duration Bond Fund, Class II (a)   2,832,013    26,054,519 
MML Total Return Bond Fund, Class II (a)   6,476,690    63,536,332 
         273,261,967 
           
TOTAL MUTUAL FUNDS
(Cost $1,037,330,968)
        1,108,942,388 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $1,037,330,968)
        1,108,942,388 
           
TOTAL INVESTMENTS — 100.1%
(Cost $1,037,330,968) (b)
        1,108,942,388 
           
Other Assets/(Liabilities) — (0.1)%        (726,068) 
           
NET ASSETS — 100.0%       $1,108,216,320 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Aggressive Allocation Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 90.2%          
Invesco Oppenheimer V.I. International Growth Fund, Series I   65,800   $159,237 
Invesco V.I. Discovery Mid Cap Growth Fund, Series I   20,004    1,904,385 
Invesco V.I. Global Fund, Series I   12,710    610,463 
Invesco V.I. Main Street Fund, Series I   8,277    278,599 
MML Blue Chip Growth Fund, Initial Class (a)   857,795    16,126,550 
MML Equity Income Fund, Initial Class (a)   903,654    11,467,371 
MML Equity Index Fund, Class III (a)   9,921    332,646 
MML Focused Equity Fund, Class II (a)   2,432,102    19,675,702 
MML Foreign Fund, Initial Class (a)   550,471    5,675,360 
MML Fundamental Equity Fund, Class II (a)   988,887    11,649,090 
MML Fundamental Value Fund, Class II (a)   679,250    10,141,196 
MML Global Fund, Class I (a)   212,565    2,927,027 
MML Income & Growth Fund, Initial Class (a)   784,617    9,870,485 
MML International Equity Fund, Class II (a)   1,322,081    13,458,786 
MML Large Cap Growth Fund, Initial Class (a)   750,537    10,402,436 
MML Mid Cap Growth Fund, Initial Class (a)   489,921    7,123,452 
MML Mid Cap Value Fund, Initial Class (a)   523,404    6,746,681 
MML Small Cap Growth Equity Fund, Initial Class (a)   146,753    2,051,393 
MML Small Company Value Fund, Class II (a)   230,757    3,927,476 
MML Small/Mid Cap Value Fund, Initial Class (a)   125,700    1,752,252 
MML Strategic Emerging Markets Fund, Class II (a)   286,201    2,498,534 
         138,779,121 
Fixed Income Funds — 9.9%          
Invesco V.I. Global Strategic Income Fund, Series I   269,981    1,142,020 
MML Dynamic Bond Fund, Class II (a)   306,500    2,930,141 
MML High Yield Fund, Class II (a)   63,439    613,452 
MML Inflation-Protected and Income Fund, Initial Class (a)   33,553    360,364 
MML Managed Bond Fund, Initial Class (a)   432,895    5,287,173 
MML Short-Duration Bond Fund, Class II (a)   253,503    2,332,223 
MML Total Return Bond Fund, Class II (a)   265,838    2,607,871 
         15,273,244 
           
TOTAL MUTUAL FUNDS
(Cost $145,398,303)
        154,052,365 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $145,398,303)
        154,052,365 
           
TOTAL INVESTMENTS — 100.1%
(Cost $145,398,303) (b)
        154,052,365 
           
Other Assets/(Liabilities) — (0.1)%        (109,334) 
           
NET ASSETS — 100.0%       $153,943,031 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML American Funds Growth Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 100.1%          
American Funds Insurance Series Growth Fund, Class 1   2,265,626   $263,514,904 
           
TOTAL MUTUAL FUNDS
(Cost $187,177,515)
        263,514,904 
           
TOTAL INVESTMENTS — 100.1%
(Cost $187,177,515) (a)
        263,514,904 
           
Other Assets/(Liabilities) — (0.1)%        (281,507) 
           
NET ASSETS — 100.0%       $263,233,397 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML American Funds International Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 100.1%          
American Funds Insurance Series International Fund, Class 1   2,631,057   $53,989,297 
         53,989,297 
           
TOTAL MUTUAL FUNDS
(Cost $51,143,718)
        53,989,297 
           
TOTAL INVESTMENTS — 100.1%
(Cost $51,143,718) (a)
        53,989,297 
           
Other Assets/(Liabilities) — (0.1)%        (78,922) 
           
NET ASSETS — 100.0%       $53,910,375 

 

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, 2022 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 66.5%          
American Funds Insurance Series® Growth-Income Fund, Class 1   3,583,044   $228,275,724 
American Funds Insurance Series® International Fund, Class 1   4,279,886    87,823,250 
American Funds Insurance Series® Washington Mutual Investors Fund, Class 1   14,166,851    251,178,276 
         567,277,250 
Fixed Income Funds — 33.6%          
American Funds Insurance Series® The Bond Fund Of America, Class 1   27,019,459    287,216,848 
           
TOTAL MUTUAL FUNDS
(Cost $743,177,057)
        854,494,098 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $743,177,057)
        854,494,098 
           
TOTAL INVESTMENTS — 100.1%
(Cost $743,177,057) (a)
        854,494,098 
           
Other Assets/(Liabilities) — (0.1)%        (899,390) 
           
NET ASSETS — 100.0%       $853,594,708 

 

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, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.8%          
           
COMMON STOCK — 99.6%          
Basic Materials — 0.4%          
Chemicals — 0.4%          
Linde PLC   5,592   $1,786,253 
The Sherwin-Williams Co.   1,137    283,818 
         2,070,071 
         2,070,071 
Communications — 32.9%          
Internet — 32.3%          
Alphabet, Inc. Class A (a)   3,545    9,859,886 
Alphabet, Inc. Class C (a)   15,552    43,436,580 
Amazon.com, Inc. (a)   17,977    58,604,121 
Booking Holdings, Inc. (a)   1,439    3,379,419 
DoorDash, Inc., Class A (a)   36,577    4,286,459 
JD.COM, Inc., Class A, Lockup Shares (Acquired 1/20/22, Cost $101,577)) (a) (b) (c)   2,785    77,488 
Meta Platforms, Inc. Class A (a)   121,380    26,990,057 
Netflix, Inc. (a)   22,340    8,368,341 
Opendoor Technologies, Inc. (a) (d)   95,590    826,853 
Pinterest, Inc. Class A (a)   62,619    1,541,054 
Sea Ltd. ADR (a)   55,657    6,667,152 
Shopify, Inc. Class A (a)   5,496    3,715,076 
Snap, Inc. Class A (a)   194,039    6,983,464 
Spotify Technology SA (a)   9,282    1,401,768 
Tencent Holdings Ltd.   58,500    2,759,761 
         178,897,479 
Media — 0.4%          
The Walt Disney Co. (a)   16,050    2,201,418 
Telecommunications — 0.2%          
T-Mobile US, Inc. (a)   11,153    1,431,488 
         182,530,385 
Consumer, Cyclical — 10.5%          
Apparel — 0.8%          
NIKE, Inc. Class B   35,573    4,786,703 
Auto Manufacturers — 5.1%          
Rivian Automotive, Inc. Class A (a)   25,755    1,293,931 
Rivian Automotive, Inc., Lockup Shares (Acquired 1/19/21-11/18/21, Cost $2,867,931) (a) (b) (c)   58,223    2,778,867 

 

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Tesla, Inc. (a)   22,355   $24,089,748 
         28,162,546 
Retail — 4.6%          
Carvana Co. (a) (d)   35,738    4,263,186 
Chipotle Mexican Grill, Inc. (a)   3,106    4,913,785 
Dollar General Corp.   20,823    4,635,825 
Lululemon Athletica, Inc. (a)   14,228    5,196,492 
Ross Stores, Inc.   46,946    4,246,735 
Starbucks Corp.   13,384    1,217,543 
The TJX Cos., Inc.   16,156    978,730 
         25,452,296 
         58,401,545 
Consumer, Non-cyclical — 14.5%          
Commercial Services — 2.9%          
Adyen NV (a)   39,903    788,882 
Affirm Holdings, Inc. (a) (d)   21,876    1,012,421 
Ant International Co. Ltd., Class C (Acquired 6/07/18, Cost $775,038) (a) (b) (c) (e)   203,348    579,542 
Block, Inc. (a)   25,990    3,524,244 
Cintas Corp.   1,936    823,555 
PayPal Holdings, Inc. (a)   34,151    3,949,563 
S&P Global, Inc.   10,567    4,334,372 
TransUnion   10,740    1,109,872 
         16,122,451 
Health Care – Products — 5.4%          
Align Technology, Inc. (a)   2,774    1,209,464 
Danaher Corp.   26,045    7,639,780 
Intuitive Surgical, Inc. (a)   33,644    10,149,722 
Stryker Corp.   19,217    5,137,665 
Teleflex, Inc.   4,916    1,744,344 
Thermo Fisher Scientific, Inc.   7,038    4,156,995 
         30,037,970 
Health Care – Services — 3.7%          
HCA Healthcare, Inc.   13,525    3,389,635 
Humana, Inc.   5,704    2,482,210 
UnitedHealth Group, Inc.   28,238    14,400,533 
         20,272,378 
Pharmaceuticals — 2.5%          
AstraZeneca PLC Sponsored ADR   25,228    1,673,625 
Eli Lilly & Co.   29,715    8,509,485 
Zoetis, Inc.   19,616    3,699,381 
         13,882,491 
         80,315,290 

 

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Financial — 7.9%          
Banks — 1.1%          
The Goldman Sachs Group, Inc.   18,373   $6,064,927 
Diversified Financial Services — 6.2%          
The Charles Schwab Corp.   40,357    3,402,499 
Mastercard, Inc. Class A   37,345    13,346,356 
Visa, Inc. Class A   79,235    17,571,946 
         34,320,801 
Insurance — 0.6%          
Chubb Ltd.   10,634    2,274,613 
Marsh & McLennan Cos., Inc.   7,168    1,221,570 
         3,496,183 
         43,881,911 
Industrial — 0.5%          
Electronics — 0.2%          
TE Connectivity Ltd.   7,686    1,006,712 
Miscellaneous - Manufacturing — 0.3%          
General Electric Co.   20,380    1,864,770 
         2,871,482 
Technology — 32.9%          
Computers — 7.7%          
Apple, Inc.   214,987    37,538,880 
Crowdstrike Holdings, Inc. Class A (a)   3,172    720,298 
Fortinet, Inc. (a)   13,243    4,525,663 
         42,784,841 
Semiconductors — 8.2%          
Advanced Micro Devices, Inc. (a)   64,394    7,040,840 
ASML Holding NV   7,964    5,319,394 
Marvell Technology, Inc.   41,410    2,969,511 
Monolithic Power Systems, Inc.   5,031    2,443,456 
NVIDIA Corp.   81,974    22,367,426 
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR   20,203    2,106,365 
Texas Instruments, Inc.   16,141    2,961,551 
         45,208,543 
Software — 17.0%          
Atlassian Corp. PLC Class A (a)   13,294    3,906,176 
Bill.com Holdings, Inc. (a)   17,872    4,053,191 
Canva, Inc. (Acquired 8/16/21, Cost $582,930) (a) (b) (c) (e)   342    466,830 
Confluent, Inc. Class A (a)   21,787    893,267 
Datadog, Inc. Class A (a)   10,623    1,609,066 
DocuSign, Inc. (a)   14,185    1,519,497 
Gusto, Inc. (Acquired 10/04/21, Cost $193,055) (a) (b) (c) (e)   6,706    192,813 
HashiCorp, Inc. Class A (a) (d)   4,850    261,900 
Intuit, Inc.   20,695    9,950,984 
Microsoft Corp.   120,955    37,291,636 

 

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
MongoDB, Inc. (a)   9,585   $4,251,810 
MSCI, Inc.   1,430    719,118 
Paycom Software, Inc. (a)   1,360    471,077 
Roper Technologies, Inc.   6,896    3,256,498 
ServiceNow, Inc. (a)   26,187    14,583,278 
Snowflake, Inc. Class A (a)   6,690    1,532,880 
Synopsys, Inc. (a)   20,681    6,892,357 
Twilio, Inc. Class A (a)   3,347    551,619 
Veeva Systems, Inc. Class A (a)   7,482    1,589,626 
         93,993,623 
         181,987,007 
           
TOTAL COMMON STOCK
(Cost $361,436,479)
        552,057,691 
           
PREFERRED STOCK — 0.2%          
Technology — 0.2%          
Software — 0.2%          
Canva, Inc., Series A (Acquired 11/04/21-12/17/21, Cost $37,502) (a) (b) (c) (e)   22    30,030 
Canva, Inc., Series A-3 (Acquired 12/17/21, Cost $3,408) (a) (b) (c) (e)   2    2,730 
Databricks, Inc., Series G (Acquired 2/01/21, Cost $172,224) (a) (b) (c) (e)   971    161,069 
Databricks, Inc., Series H (Acquired 8/31/21, Cost $542,974) (a) (b) (c) (e)   2,463    408,562 
Gusto, Inc., Series E (Acquired 7/13/21, Cost $254,865) (a) (b) (c) (e)   8,385    254,865 
         857,256 
           
TOTAL PREFERRED STOCK
(Cost $1,010,973)
        857,256 
           
TOTAL EQUITIES
(Cost $362,447,452)
        552,914,947 
           
           
MUTUAL FUNDS — 0.2%          
Diversified Financial Services — 0.2%          
State Street Navigator Securities Lending Government Money Market Portfolio (f)   1,288,549    1,288,549 
          
           
TOTAL MUTUAL FUNDS
(Cost $1,288,549)
        1,288,549 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $363,736,001)
        554,203,496 
       
SHORT-TERM INVESTMENTS — 0.3%          
Mutual Fund — 0.0%          
T. Rowe Price Government Reserve Investment Fund  100    100 
           
    Principal
Amount
      
Repurchase Agreement — 0.3%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (g)  $1,773,199   1,773,199 

 

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,773,299)
       $1,773,299 
           
TOTAL INVESTMENTS — 100.3%
(Cost $365,509,300) (h)
        555,976,795 
           
Other Assets/(Liabilities) — (0.3)%        (1,788,481) 
           
NET ASSETS — 100.0%       $554,188,314 

 

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) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2022, these securities amounted to a value of $4,952,796 or 0.89% of net assets.
(c) Restricted security. Certain securities are restricted as to resale. At March 31, 2022, these securities amounted to a value of $4,952,796 or 0.89% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities.
(d) Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2022, was $3,018,685 or 0.54% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $1,815,667 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(e) Investment was valued using significant unobservable inputs.
(f) Represents investment of security lending cash collateral. (Note 2).
(g) Maturity value of $1,773,199. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $1,808,709.
(h) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Equity Income Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 100.6%          
           
COMMON STOCK — 99.1%          
Basic Materials — 5.4%          
Chemicals — 3.8%          
Akzo Nobel NV   15,896   $1,365,723 
CF Industries Holdings, Inc.   95,814    9,874,591 
DuPont de Nemours, Inc.   3,976    292,554 
International Flavors & Fragrances, Inc.   34,563    4,539,159 
RPM International, Inc.   9,524    775,634 
         16,847,661 
Forest Products & Paper — 1.6%          
International Paper Co.   161,658    7,460,517 
         24,308,178 
Communications — 5.0%          
Media — 4.1%          
Comcast Corp. Class A   141,018    6,602,463 
Fox Corp. Class B   50,826    1,843,967 
News Corp. Class A   228,131    5,053,102 
The Walt Disney Co. (a)   35,269    4,837,496 
         18,337,028 
Telecommunications — 0.9%          
AT&T, Inc.   58,961    1,393,248 
Cisco Systems, Inc.   39,227    2,187,298 
Verizon Communications, Inc.   7,674    390,914 
         3,971,460 
         22,308,488 
Consumer, Cyclical — 4.9%          
Airlines — 0.3%          
Southwest Airlines Co. (a)   27,804    1,273,423 
Auto Manufacturers — 1.3%          
PACCAR, Inc.   24,080    2,120,725 
Volkswagen AG ADR   228,973    3,926,887 
         6,047,612 
Lodging — 0.7%          
Las Vegas Sands Corp. (a)   81,537    3,169,343 
Retail — 1.9%          
Kohl's Corp.   52,915    3,199,241 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
The TJX Cos., Inc.   45,494   $2,756,027 
Walmart, Inc.   16,308    2,428,587 
         8,383,855 
Toys, Games & Hobbies — 0.7%          
Mattel, Inc. (a)   140,770    3,126,502 
         22,000,735 
Consumer, Non-cyclical — 24.3%          
Agriculture — 1.3%          
Altria Group, Inc.   11,793    616,184 
Philip Morris International, Inc.   54,821    5,149,885 
         5,766,069 
Beverages — 0.6%          
The Coca-Cola Co.   42,276    2,621,112 
Biotechnology — 0.3%          
Biogen, Inc. (a)   4,200    884,520 
Gilead Sciences, Inc.   8,536    507,465 
         1,391,985 
Commercial Services — 0.4%          
Nielsen Holdings PLC   66,348    1,807,319 
Food — 2.8%          
Conagra Brands, Inc.   171,784    5,766,789 
Mondelez International, Inc. Class A   4,800    301,344 
Tyson Foods, Inc. Class A   72,730    6,518,790 
         12,586,923 
Health Care – Products — 2.1%          
Medtronic PLC   55,920    6,204,324 
Zimmer Biomet Holdings, Inc.   25,217    3,225,254 
Zimvie, Inc.   2,521    57,580 
         9,487,158 
Health Care – Services — 3.7%          
Anthem, Inc.   22,842    11,220,447 
Centene Corp. (a)   35,373    2,978,053 
UnitedHealth Group, Inc.   4,554    2,322,403 
         16,520,903 
Household Products & Wares — 1.4%          
Kimberly-Clark Corp.   49,812    6,134,846 
Pharmaceuticals — 11.7%          
AbbVie, Inc.   62,078    10,063,465 
AstraZeneca PLC Sponsored ADR   34,313    2,276,324 
Becton Dickinson and Co.   28,294    7,526,204 
Cardinal Health, Inc.   39,337    2,230,408 
Cigna Corp.   20,398    4,887,565 
CVS Health Corp.   60,024    6,075,029 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
GlaxoSmithKline PLC   25,169   $542,743 
Johnson & Johnson   32,113    5,691,387 
Merck & Co., Inc.   42,685    3,502,304 
Organon & Co.   2,021    70,594 
Pfizer, Inc.   100,335    5,194,343 
Sanofi   26,969    2,750,413 
Sanofi Sponsored ADR   29,386    1,508,677 
         52,319,456 
         108,635,771 
Energy — 6.8%          
Oil & Gas — 5.5%          
Chevron Corp.   5,786    942,134 
EOG Resources, Inc.   38,606    4,602,993 
Exxon Mobil Corp.   57,811    4,774,611 
Hess Corp.   18,600    1,990,944 
Occidental Petroleum Corp.   31,359    1,779,310 
TotalEnergies SE (b)   163,037    8,272,291 
TotalEnergies SE Sponsored ADR   45,415    2,295,274 
         24,657,557 
Pipelines — 1.3%          
Enbridge, Inc.   7,500    345,675 
Targa Resources Corp.   4,013    302,861 
TC Energy Corp.   87,620    4,943,521 
         5,592,057 
         30,249,614 
Financial — 26.4%          
Banks — 10.9%          
Bank of America Corp.   56,861    2,343,810 
The Bank of New York Mellon Corp.   9,097    451,484 
Citigroup, Inc.   42,340    2,260,956 
Fifth Third Bancorp   127,702    5,496,294 
The Goldman Sachs Group, Inc.   15,348    5,066,375 
Huntington Bancshares, Inc.   349,692    5,112,497 
JP Morgan Chase & Co.   18,115    2,469,437 
Morgan Stanley   40,377    3,528,950 
The PNC Financial Services Group, Inc.   7,730    1,425,798 
State Street Corp.   60,308    5,254,033 
Wells Fargo & Co.   319,236    15,470,177 
         48,879,811 
Diversified Financial Services — 0.7%          
The Charles Schwab Corp.   31,005    2,614,031 
Franklin Resources, Inc.   13,702    382,560 
Raymond James Financial, Inc.   2,937    322,806 
         3,319,397 
Insurance — 10.2%          
American International Group, Inc.   196,222    12,316,855 
Chubb Ltd.   40,083    8,573,754 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Equitable Holdings, Inc.   168,430   $5,206,171 
The Hartford Financial Services Group, Inc.   30,997    2,225,894 
Loews Corp.   120,430    7,806,273 
Marsh & McLennan Cos., Inc.   4,178    712,015 
MetLife, Inc.   120,639    8,478,509 
         45,319,471 
Real Estate Investment Trusts (REITS) — 4.6%          
Equity Residential   78,399    7,049,638 
Rayonier, Inc.   89,064    3,662,312 
Vornado Realty Trust   13,024    590,248 
Welltower, Inc.   18,601    1,788,300 
Weyerhaeuser Co.   196,290    7,439,391 
         20,529,889 
         118,048,568 
Industrial — 9.9%          
Aerospace & Defense — 2.6%          
The Boeing Co. (a)   19,978    3,825,787 
L3 Harris Technologies, Inc.   30,530    7,585,789 
         11,411,576 
Electronics — 0.3%          
TE Connectivity Ltd.   10,077    1,319,885 
Environmental Controls — 0.8%          
Stericycle, Inc. (a)   63,366    3,733,525 
Machinery – Diversified — 0.1%          
Flowserve Corp.   12,573    451,371 
Miscellaneous - Manufacturing — 3.4%          
3M Co.   5,087    757,353 
General Electric Co.   124,832    11,422,128 
Siemens AG Sponsored ADR   44,104    3,049,350 
         15,228,831 
Transportation — 2.7%          
United Parcel Service, Inc. Class B   55,394    11,879,797 
         44,024,985 
Technology — 7.6%          
Semiconductors — 4.8%          
Applied Materials, Inc.   30,693    4,045,337 
NXP Semiconductor NV   5,781    1,069,948 
QUALCOMM, Inc.   73,393    11,215,918 
Texas Instruments, Inc.   26,471    4,856,899 
         21,188,102 
Software — 2.8%          
Citrix Systems, Inc.   33,294    3,359,365 
Fiserv, Inc. (a)   24,794    2,514,112 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Microsoft Corp.   21,694   $6,688,477 
         12,561,954 
         33,750,056 
Utilities — 8.8%          
Electric — 7.5%          
Ameren Corp.   33,365    3,128,303 
Dominion Energy, Inc.   58,498    4,970,575 
NextEra Energy, Inc.   27,261    2,309,279 
Sempra Energy   56,128    9,436,239 
The Southern Co.   161,892    11,738,789 
Xcel Energy, Inc.   26,900    1,941,373 
         33,524,558 
Gas — 1.3%          
NiSource, Inc.   178,525    5,677,095 
         39,201,653 
           
TOTAL COMMON STOCK
(Cost $319,297,851)
        442,528,048 
           
PREFERRED STOCK — 1.5%          
Consumer, Non-cyclical — 0.4%          
Pharmaceuticals — 0.4%          
Becton Dickinson and Co. Convertible 6.000% (b)   31,874    1,683,585 
Utilities — 1.1%          
Electric — 0.8%          
NextEra Energy, Inc. Convertible   26,869    1,401,218 
Southern Co. Convertible 6.75%   35,696    1,949,359 
         3,350,577 
Gas — 0.3%          
NiSource, Inc. 7.750%   13,065    1,554,474 
         4,905,051 
           
TOTAL PREFERRED STOCK
(Cost $5,995,683)
        6,588,636 
           
TOTAL EQUITIES
(Cost $325,293,534)
        449,116,684 
           

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 2.1%          
           
Diversified Financial Services — 2.1%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   9,238,457   $9,238,457 
          
           
TOTAL MUTUAL FUNDS
(Cost $9,238,457)
        9,238,457 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $334,531,991)
        458,355,141 
           
SHORT-TERM INVESTMENTS — 1.2%          
Mutual Fund — 0.0%          
T. Rowe Price Government Reserve Investment Fund  1,075    1,075 
           
    Principal
Amount
      
Repurchase Agreement — 1.2%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (d)  $5,600,854   5,600,854 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,601,929)
        5,601,929 
           
TOTAL INVESTMENTS — 103.9%
(Cost $340,133,920) (e)
        463,957,070 
           
Other Assets/(Liabilities) — (3.9)%        (17,247,140) 
           
NET ASSETS — 100.0%       $446,709,930 

 

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, 2022, was $9,264,021 or 2.07% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $494,592 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 $5,600,854. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $5,712,875.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Equity Index Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.6%          
           
COMMON STOCK — 99.6%          
Basic Materials — 2.1%          
Chemicals — 1.6%          
Air Products & Chemicals, Inc.   4,221   $1,054,870 
Albemarle Corp.   2,220    490,953 
Celanese Corp.   2,062    294,598 
CF Industries Holdings, Inc.   4,083    420,794 
Dow, Inc.   14,060    895,903 
DuPont de Nemours, Inc.   9,764    718,435 
Eastman Chemical Co.   2,456    275,219 
Ecolab, Inc.   4,744    837,601 
FMC Corp.   2,413    317,478 
International Flavors & Fragrances, Inc.   4,842    635,900 
Linde PLC   9,757    3,116,679 
LyondellBasell Industries NV Class A   4,998    513,894 
The Mosaic Co.   7,097    471,951 
PPG Industries, Inc.   4,516    591,912 
The Sherwin-Williams Co.   4,591    1,146,005 
         11,782,192 
Forest Products & Paper — 0.0%          
International Paper Co.   7,333    338,418 
Iron & Steel — 0.1%          
Nucor Corp.   5,178    769,710 
Mining — 0.4%          
Freeport-McMoRan, Inc.   27,919    1,388,691 
Newmont Corp.   15,159    1,204,383 
         2,593,074 
         15,483,394 
Communications — 14.3%          
Advertising — 0.1%          
The Interpublic Group of Cos., Inc.   7,539    267,257 
Omnicom Group, Inc.   4,035    342,491 
         609,748 
Internet — 10.5%          
Alphabet, Inc. Class A (a)   5,725    15,923,229 
Alphabet, Inc. Class C (a)   5,288    14,769,331 
Amazon.com, Inc. (a)   8,330    27,155,384 
Booking Holdings, Inc. (a)   781    1,834,139 
CDW Corp.   2,582    461,894 
eBay, Inc.   11,904    681,623 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Etsy, Inc. (a)   2,411   $299,639 
Expedia Group, Inc. (a)   2,860    559,616 
F5, Inc. (a)   1,155    241,337 
Match Group, Inc. (a)   5,382    585,239 
Meta Platforms, Inc. Class A (a)   43,956    9,774,056 
Netflix, Inc. (a)   8,451    3,165,660 
NortonLifeLock, Inc.   11,138    295,380 
Twitter, Inc. (a)   15,201    588,127 
VeriSign, Inc. (a)   1,838    408,881 
         76,743,535 
Media — 1.6%          
Charter Communications, Inc. Class A (a)   2,269    1,237,785 
Comcast Corp. Class A   86,116    4,031,951 
Discovery, Inc. Class A (a)   3,287    81,912 
Discovery, Inc. Class C (a)   5,819    145,300 
DISH Network Corp. Class A (a)   4,769    150,939 
FactSet Research Systems, Inc.   720    312,588 
Fox Corp. Class A   6,048    238,594 
Fox Corp. Class B   2,839    102,999 
News Corp. Class A   7,585    168,008 
News Corp. Class B   2,302    51,841 
Paramount Global Class B   11,502    434,891 
The Walt Disney Co. (a)   34,658    4,753,691 
         11,710,499 
Telecommunications — 2.1%          
Arista Networks, Inc. (a)   4,264    592,611 
AT&T, Inc.   135,938    3,212,215 
Cisco Systems, Inc.   80,287    4,476,803 
Corning, Inc.   14,220    524,860 
Juniper Networks, Inc.   6,229    231,470 
Lumen Technologies, Inc.   17,705    199,535 
Motorola Solutions, Inc.   3,210    777,462 
T-Mobile US, Inc. (a)   11,177    1,434,568 
Verizon Communications, Inc.   79,914    4,070,819 
         15,520,343 
         104,584,125 
Consumer, Cyclical — 9.7%          
Airlines — 0.2%          
Alaska Air Group, Inc. (a)   2,429    140,906 
American Airlines Group, Inc. (a) (b)   12,261    223,763 
Delta Air Lines, Inc. (a)   12,183    482,082 
Southwest Airlines Co. (a)   11,276    516,441 
United Airlines Holdings, Inc. (a)   6,200    287,432 
         1,650,624 
Apparel — 0.6%          
NIKE, Inc. Class B   24,296    3,269,270 
PVH Corp.   1,367    104,726 
Ralph Lauren Corp.   881    99,941 
Tapestry, Inc.   5,025    186,679 
Under Armour, Inc. Class A (a)   3,671    62,480 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Under Armour, Inc. Class C (a)   4,132   $64,294 
VF Corp.   6,175    351,110 
         4,138,500 
Auto Manufacturers — 2.9%          
Cummins, Inc.   2,721    558,104 
Ford Motor Co.   74,877    1,266,170 
General Motors Co. (a)   27,660    1,209,848 
PACCAR, Inc.   6,595    580,822 
Tesla, Inc. (a)   15,936    17,172,634 
         20,787,578 
Auto Parts & Equipment — 0.1%          
Aptiv PLC (a)   5,142    615,549 
BorgWarner, Inc.   4,594    178,706 
         794,255 
Distribution & Wholesale — 0.3%          
Copart, Inc. (a)   4,058    509,157 
Fastenal Co.   10,948    650,311 
LKQ Corp.   5,095    231,364 
Pool Corp.   759    320,943 
W.W. Grainger, Inc.   821    423,464 
         2,135,239 
Entertainment — 0.1%          
Caesars Entertainment, Inc. (a)   4,051    313,385 
Live Nation Entertainment, Inc. (a)   2,554    300,453 
Penn National Gaming, Inc. (a)   3,182    134,980 
         748,818 
Home Builders — 0.2%          
D.R. Horton, Inc.   6,139    457,417 
Lennar Corp. Class A   4,976    403,902 
NVR, Inc. (a)   62    276,971 
PulteGroup, Inc.   4,775    200,072 
         1,338,362 
Home Furnishing — 0.0%          
Whirlpool Corp.   1,146    198,006 
Housewares — 0.0%          
Newell Brands, Inc.   7,253    155,287 
Leisure Time — 0.1%          
Carnival Corp. (a)   15,397    311,327 
Norwegian Cruise Line Holdings Ltd. (a) (b)   7,936    173,640 
Royal Caribbean Cruises Ltd. (a)   4,283    358,830 
         843,797 
Lodging — 0.4%          
Hilton Worldwide Holdings, Inc. (a)   5,292    803,008 
Las Vegas Sands Corp. (a)   6,587    256,037 
Marriott International, Inc. Class A (a)   5,208    915,306 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
MGM Resorts International   7,170   $300,710 
Wynn Resorts Ltd. (a)   2,017    160,835 
         2,435,896 
Retail — 4.8%          
Advance Auto Parts, Inc.   1,189    246,075 
AutoZone, Inc. (a)   393    803,520 
Bath & Body Works, Inc.   5,001    239,048 
Best Buy Co., Inc.   4,121    374,599 
CarMax, Inc. (a) (b)   3,082    297,351 
Chipotle Mexican Grill, Inc. (a)   535    846,386 
Costco Wholesale Corp.   8,441    4,860,750 
Darden Restaurants, Inc.   2,463    327,456 
Dollar General Corp.   4,411    982,021 
Dollar Tree, Inc. (a)   4,277    684,962 
Domino's Pizza, Inc.   690    280,837 
Genuine Parts Co.   2,708    341,262 
The Home Depot, Inc.   19,878    5,950,082 
Lowe's Cos., Inc.   12,826    2,593,289 
McDonald's Corp.   14,225    3,517,558 
O'Reilly Automotive, Inc. (a)   1,282    878,119 
Ross Stores, Inc.   6,759    611,419 
Starbucks Corp.   21,897    1,991,970 
Target Corp.   9,121    1,935,659 
The TJX Cos., Inc.   22,708    1,375,651 
Tractor Supply Co.   2,162    504,546 
Ulta Beauty, Inc. (a)   1,034    411,759 
Walgreens Boots Alliance, Inc.   13,655    611,334 
Walmart, Inc.   26,930    4,010,416 
Yum! Brands, Inc.   5,501    652,033 
         35,328,102 
Toys, Games & Hobbies — 0.0%          
Hasbro, Inc.   2,449    200,622 
         70,755,086 
Consumer, Non-cyclical — 20.0%          
Agriculture — 0.8%          
Altria Group, Inc.   34,706    1,813,388 
Archer-Daniels-Midland Co.   10,638    960,186 
Philip Morris International, Inc.   29,503    2,771,512 
         5,545,086 
Beverages — 1.5%          
Brown-Forman Corp. Class B   3,501    234,637 
The Coca-Cola Co.   74,003    4,588,186 
Constellation Brands, Inc. Class A   3,121    718,829 
Molson Coors Beverage Co. Class B   3,609    192,648 
Monster Beverage Corp. (a)   7,135    570,086 
PepsiCo, Inc.   26,336    4,408,120 
         10,712,506 
Biotechnology — 1.5%          
Amgen, Inc.   10,722    2,592,794 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Bio-Rad Laboratories, Inc. Class A (a)   408   $229,798 
Biogen, Inc. (a)   2,792    587,995 
Corteva, Inc.   13,857    796,500 
Gilead Sciences, Inc.   23,842    1,417,407 
Illumina, Inc. (a)   2,971    1,038,068 
Incyte Corp. (a)   3,596    285,594 
Moderna, Inc. (a)   6,707    1,155,348 
Regeneron Pharmaceuticals, Inc. (a)   2,031    1,418,491 
Vertex Pharmaceuticals, Inc. (a)   4,846    1,264,661 
         10,786,656 
Commercial Services — 1.8%          
Automatic Data Processing, Inc.   8,014    1,823,506 
Cintas Corp.   1,678    713,804 
Equifax, Inc.   2,320    550,072 
FleetCor Technologies, Inc. (a)   1,538    383,054 
Gartner, Inc. (a)   1,564    465,227 
Global Payments, Inc.   5,421    741,810 
MarketAxess Holdings, Inc.   728    247,666 
Moody's Corp.   3,076    1,037,873 
Nielsen Holdings PLC   6,830    186,049 
PayPal Holdings, Inc. (a)   22,177    2,564,770 
Quanta Services, Inc.   2,713    357,058 
Robert Half International, Inc.   2,099    239,664 
Rollins, Inc.   4,290    150,364 
S&P Global, Inc.   6,742    2,765,433 
United Rentals, Inc. (a)   1,379    489,835 
Verisk Analytics, Inc.   3,066    658,056 
         13,374,241 
Cosmetics & Personal Care — 1.3%          
Colgate-Palmolive Co.   16,034    1,215,858 
The Estee Lauder Cos., Inc. Class A   4,424    1,204,744 
The Procter & Gamble Co.   45,631    6,972,417 
         9,393,019 
Food — 1.0%          
Campbell Soup Co.   3,890    173,377 
Conagra Brands, Inc.   9,132    306,561 
General Mills, Inc.   11,531    780,879 
The Hershey Co.   2,768    599,632 
Hormel Foods Corp.   5,400    278,316 
The J.M. Smucker Co.   2,076    281,111 
Kellogg Co.   4,836    311,874 
The Kraft Heinz Co.   13,464    530,347 
The Kroger Co.   12,737    730,722 
Lamb Weston Holdings, Inc.   2,780    166,550 
McCormick & Co., Inc.   4,754    474,449 
Mondelez International, Inc. Class A   26,429    1,659,213 
Sysco Corp.   9,660    788,739 
Tyson Foods, Inc. Class A   5,592    501,211 
         7,582,981 
Health Care – Products — 3.9%          
Abbott Laboratories   33,662    3,984,234 
ABIOMED, Inc. (a)   869    287,847 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Align Technology, Inc. (a)   1,394   $607,784 
Baxter International, Inc.   9,518    738,026 
Bio-Techne Corp.   745    322,615 
Boston Scientific Corp. (a)   27,088    1,199,727 
The Cooper Cos., Inc.   938    391,699 
Danaher Corp.   12,114    3,553,400 
Dentsply Sirona, Inc.   4,187    206,084 
Edwards Lifesciences Corp. (a)   11,871    1,397,454 
Henry Schein, Inc. (a)   2,640    230,182 
Hologic, Inc. (a)   4,789    367,891 
IDEXX Laboratories, Inc. (a)   1,613    882,408 
Intuitive Surgical, Inc. (a)   6,810    2,054,441 
Medtronic PLC   25,588    2,838,989 
PerkinElmer, Inc.   2,399    418,529 
ResMed, Inc.   2,784    675,148 
Steris PLC   1,901    459,605 
Stryker Corp.   6,383    1,706,495 
Teleflex, Inc.   897    318,282 
Thermo Fisher Scientific, Inc.   7,501    4,430,466 
Waters Corp. (a)   1,161    360,363 
West Pharmaceutical Services, Inc.   1,410    579,101 
Zimmer Biomet Holdings, Inc.   3,962    506,740 
         28,517,510 
Health Care – Services — 2.4%          
Anthem, Inc.   4,620    2,269,436 
Catalent, Inc. (a)   3,409    378,058 
Centene Corp. (a)   11,092    933,835 
Charles River Laboratories International, Inc. (a)   966    274,315 
DaVita, Inc. (a)   1,173    132,678 
HCA Healthcare, Inc.   4,552    1,140,822 
Humana, Inc.   2,444    1,063,556 
IQVIA Holdings, Inc. (a)   3,631    839,524 
Laboratory Corp. of America Holdings (a)   1,772    467,206 
Molina Healthcare, Inc. (a)   1,110    370,285 
Quest Diagnostics, Inc.   2,265    309,988 
UnitedHealth Group, Inc.   17,929    9,143,252 
Universal Health Services, Inc. Class B   1,405    203,655 
         17,526,610 
Household Products & Wares — 0.2%          
Avery Dennison Corp.   1,564    272,089 
Church & Dwight Co., Inc.   4,649    462,018 
The Clorox Co.   2,343    325,747 
Kimberly-Clark Corp.   6,409    789,332 
         1,849,186 
Pharmaceuticals — 5.6%          
AbbVie, Inc.   33,654    5,455,650 
AmerisourceBergen Corp.   2,866    443,399 
Becton Dickinson and Co.   5,421    1,441,986 
Bristol-Myers Squibb Co.   41,494    3,030,307 
Cardinal Health, Inc.   5,318    301,530 
Cigna Corp.   6,148    1,473,122 
CVS Health Corp.   24,985    2,528,732 
DexCom, Inc. (a)   1,843    942,879 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Eli Lilly & Co.   15,114   $4,328,196 
Johnson & Johnson   50,115    8,881,881 
McKesson Corp.   2,852    873,083 
Merck & Co., Inc.   48,085    3,945,374 
Organon & Co.   4,858    169,690 
Pfizer, Inc.   106,848    5,531,521 
Viatris, Inc.   23,170    252,090 
Zoetis, Inc.   8,996    1,696,556 
         41,295,996 
         146,583,791 
Energy — 4.0%          
Energy – Alternate Sources — 0.1%          
Enphase Energy, Inc. (a)   2,565    517,566 
SolarEdge Technologies, Inc. (a)   1,000    322,370 
         839,936 
Oil & Gas — 3.3%          
APA Corp.   6,980    288,483 
Chevron Corp.   36,696    5,975,210 
ConocoPhillips   24,790    2,479,000 
Coterra Energy, Inc.   15,563    419,734 
Devon Energy Corp.   11,953    706,781 
Diamondback Energy, Inc.   3,261    447,018 
EOG Resources, Inc.   11,128    1,326,791 
Exxon Mobil Corp.   80,591    6,656,011 
Hess Corp.   5,247    561,639 
Marathon Oil Corp.   14,820    372,130 
Marathon Petroleum Corp.   11,022    942,381 
Occidental Petroleum Corp.   16,891    958,395 
Phillips 66   8,895    768,439 
Pioneer Natural Resources Co.   4,318    1,079,630 
Valero Energy Corp.   7,768    788,763 
         23,770,405 
Oil & Gas Services — 0.3%          
Baker Hughes Co.   17,241    627,745 
Halliburton Co.   17,105    647,766 
Schlumberger NV   26,715    1,103,597 
         2,379,108 
Pipelines — 0.3%          
Kinder Morgan, Inc.   37,041    700,445 
ONEOK, Inc.   8,456    597,247 
The Williams Cos., Inc.   23,090    771,437 
         2,069,129 
         29,058,578 
Financial — 14.8%          
Banks — 4.6%          
Bank of America Corp.   135,319    5,577,849 
The Bank of New York Mellon Corp.   14,083    698,939 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Citigroup, Inc.   37,776   $2,017,238 
Citizens Financial Group, Inc.   8,113    367,762 
Comerica, Inc.   2,520    227,884 
Fifth Third Bancorp   12,997    559,391 
First Republic Bank   3,410    552,761 
The Goldman Sachs Group, Inc.   6,462    2,133,106 
Huntington Bancshares, Inc.   27,473    401,655 
JP Morgan Chase & Co.   56,257    7,668,954 
KeyCorp.   17,675    395,567 
M&T Bank Corp.   2,450    415,275 
Morgan Stanley   26,986    2,358,576 
Northern Trust Corp.   3,947    459,628 
The PNC Financial Services Group, Inc.   7,995    1,474,678 
Regions Financial Corp.   18,067    402,172 
Signature Bank   1,194    350,427 
State Street Corp.   6,948    605,310 
SVB Financial Group (a)   1,116    624,346 
Truist Financial Corp.   25,375    1,438,763 
US Bancorp   25,707    1,366,327 
Wells Fargo & Co.   73,971    3,584,635 
Zions Bancorp NA   2,886    189,206 
         33,870,449 
Diversified Financial Services — 3.7%          
American Express Co.   11,709    2,189,583 
Ameriprise Financial, Inc.   2,111    634,060 
BlackRock, Inc.   2,715    2,074,722 
Capital One Financial Corp.   7,879    1,034,434 
Cboe Global Markets, Inc.   2,043    233,760 
The Charles Schwab Corp.   28,619    2,412,868 
CME Group, Inc.   6,833    1,625,297 
Discover Financial Services   5,482    604,062 
Franklin Resources, Inc.   5,395    150,628 
Intercontinental Exchange, Inc.   10,712    1,415,269 
Invesco Ltd.   6,541    150,835 
Mastercard, Inc. Class A   16,429    5,871,396 
Nasdaq, Inc.   2,221    395,782 
Raymond James Financial, Inc.   3,557    390,950 
Synchrony Financial   9,923    345,420 
T. Rowe Price Group, Inc.   4,363    659,642 
Visa, Inc. Class A   31,570    7,001,279 
         27,189,987 
Insurance — 3.8%          
Aflac, Inc.   11,421    735,398 
The Allstate Corp.   5,342    739,920 
American International Group, Inc.   15,806    992,143 
Aon PLC Class A   4,089    1,331,501 
Arthur J Gallagher & Co.   3,968    692,813 
Assurant, Inc.   1,095    199,104 
Berkshire Hathaway, Inc. Class B (a)   34,863    12,303,501 
Brown & Brown, Inc.   4,478    323,625 
Chubb Ltd.   8,200    1,753,980 
Cincinnati Financial Corp.   2,872    390,477 
Everest Re Group Ltd.   756    227,843 
Globe Life, Inc.   1,793    180,376 
The Hartford Financial Services Group, Inc.   6,375    457,789 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Lincoln National Corp.   3,171   $207,257 
Loews Corp.   3,733    241,973 
Marsh & McLennan Cos., Inc.   9,600    1,636,032 
MetLife, Inc.   13,357    938,730 
Principal Financial Group, Inc.   4,668    342,678 
The Progressive Corp.   11,121    1,267,683 
Prudential Financial, Inc.   7,196    850,351 
The Travelers Cos., Inc.   4,592    839,096 
W.R. Berkley Corp.   3,989    265,594 
Willis Towers Watson PLC   2,324    548,975 
         27,466,839 
Real Estate — 0.1%          
CBRE Group, Inc. Class A (a)   6,360    582,067 
Real Estate Investment Trusts (REITS) — 2.6%          
Alexandria Real Estate Equities, Inc.   2,771    557,664 
American Tower Corp.   8,669    2,177,826 
AvalonBay Communities, Inc.   2,656    659,671 
Boston Properties, Inc.   2,723    350,722 
Crown Castle International Corp.   8,217    1,516,858 
Digital Realty Trust, Inc.   5,395    765,011 
Duke Realty Corp.   7,239    420,296 
Equinix, Inc.   1,712    1,269,654 
Equity Residential   6,486    583,221 
Essex Property Trust, Inc.   1,242    429,086 
Extra Space Storage, Inc.   2,541    522,430 
Federal Realty Investment Trust   1,341    163,696 
Healthpeak Properties, Inc.   10,266    352,432 
Host Hotels & Resorts, Inc.   13,680    265,802 
Iron Mountain, Inc.   5,546    307,304 
Kimco Realty Corp.   11,755    290,349 
Mid-America Apartment Communities, Inc.   2,189    458,486 
Prologis, Inc.   14,087    2,274,769 
Public Storage   2,901    1,132,202 
Realty Income Corp.   10,748    744,836 
Regency Centers Corp.   2,961    211,238 
SBA Communications Corp.   2,068    711,599 
Simon Property Group, Inc.   6,247    821,855 
UDR, Inc.   5,693    326,607 
Ventas, Inc.   7,569    467,461 
Vornado Realty Trust   3,043    137,909 
Welltower, Inc.   8,269    794,982 
Weyerhaeuser Co.   14,232    539,393 
         19,253,359 
Savings & Loans — 0.0%          
People's United Financial, Inc.   8,224    164,398 
         108,527,099 
Industrial — 7.6%          
Aerospace & Defense — 1.6%          
The Boeing Co. (a)   10,432    1,997,728 
General Dynamics Corp.   4,388    1,058,298 
Howmet Aerospace, Inc.   7,241    260,242 
L3 Harris Technologies, Inc.   3,735    928,035 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Lockheed Martin Corp.   4,614   $2,036,620 
Northrop Grumman Corp.   2,793    1,249,085 
Raytheon Technologies Corp.   28,408    2,814,381 
Teledyne Technologies, Inc. (a)   888    419,695 
TransDigm Group, Inc. (a)   1,003    653,495 
         11,417,579 
Building Materials — 0.4%          
Carrier Global Corp.   16,286    747,039 
Fortune Brands Home & Security, Inc.   2,560    190,157 
Johnson Controls International PLC   13,375    876,999 
Martin Marietta Materials, Inc.   1,184    455,710 
Masco Corp.   4,618    235,518 
Mohawk Industries, Inc. (a)   1,054    130,907 
Vulcan Materials Co.   2,518    462,556 
         3,098,886 
Electrical Components & Equipment — 0.3%          
AMETEK, Inc.   4,395    585,326 
Emerson Electric Co.   11,308    1,108,749 
Generac Holdings, Inc. (a)   1,195    355,226 
         2,049,301 
Electronics — 1.0%          
Agilent Technologies, Inc.   5,754    761,427 
Allegion PLC   1,719    188,712 
Amphenol Corp. Class A   11,402    859,140 
Fortive Corp.   6,799    414,263 
Garmin Ltd.   2,874    340,885 
Honeywell International, Inc.   13,055    2,540,242 
Keysight Technologies, Inc. (a)   3,505    553,685 
Mettler-Toledo International, Inc. (a)   437    600,084 
TE Connectivity Ltd.   6,203    812,469 
Trimble, Inc. (a)   4,763    343,603 
         7,414,510 
Engineering & Construction — 0.0%          
Jacobs Engineering Group, Inc.   2,461    339,150 
Environmental Controls — 0.3%          
Pentair PLC   3,178    172,279 
Republic Services, Inc.   3,989    528,543 
Waste Management, Inc.   7,329    1,161,646 
         1,862,468 
Hand & Machine Tools — 0.1%          
Snap-on, Inc.   1,011    207,740 
Stanley Black & Decker, Inc.   3,095    432,650 
         640,390 
Machinery – Construction & Mining — 0.3%          
Caterpillar, Inc.   10,288    2,292,372 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Machinery – Diversified — 0.7%          
Deere & Co.   5,339   $2,218,141 
Dover Corp.   2,730    428,337 
IDEX Corp.   1,456    279,159 
Ingersoll Rand, Inc.   7,747    390,062 
Nordson Corp.   1,027    233,211 
Otis Worldwide Corp.   8,084    622,064 
Rockwell Automation, Inc.   2,208    618,306 
Westinghouse Air Brake Technologies Corp.   3,535    339,961 
Xylem, Inc.   3,409    290,651 
         5,419,892 
Miscellaneous - Manufacturing — 1.1%          
3M Co.   10,872    1,618,623 
A.O. Smith Corp.   2,552    163,047 
Eaton Corp. PLC   7,586    1,151,251 
General Electric Co.   20,927    1,914,821 
Illinois Tool Works, Inc.   5,440    1,139,136 
Parker-Hannifin Corp.   2,456    696,915 
Textron, Inc.   4,170    310,165 
Trane Technologies PLC   4,446    678,904 
         7,672,862 
Packaging & Containers — 0.2%          
Amcor PLC   29,121    329,941 
Ball Corp.   6,167    555,030 
Packaging Corp. of America   1,820    284,120 
Sealed Air Corp.   2,797    187,287 
WestRock Co.   5,011    235,668 
         1,592,046 
Shipbuilding — 0.0%          
Huntington Ingalls Industries, Inc.   769    153,369 
Transportation — 1.6%          
C.H. Robinson Worldwide, Inc.   2,474    266,475 
CSX Corp.   42,192    1,580,090 
Expeditors International of Washington, Inc.   3,217    331,866 
FedEx Corp.   4,646    1,075,038 
J.B. Hunt Transport Services, Inc.   1,588    318,854 
Norfolk Southern Corp.   4,564    1,301,744 
Old Dominion Freight Line, Inc.   1,775    530,157 
Union Pacific Corp.   12,124    3,312,398 
United Parcel Service, Inc. Class B   13,880    2,976,705 
         11,693,327 
         55,646,152 
Technology — 24.4%          
Computers — 8.5%          
Accenture PLC Class A   12,031    4,057,214 
Apple, Inc.   295,128    51,532,300 
Cognizant Technology Solutions Corp. Class A   9,986    895,445 
DXC Technology Co. (a)   4,654    151,860 
EPAM Systems, Inc. (a)   1,079    320,042 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Fortinet, Inc. (a)   2,582   $882,373 
Hewlett Packard Enterprise Co.   24,622    411,434 
HP, Inc.   20,611    748,179 
International Business Machines Corp.   17,072    2,219,701 
Leidos Holdings, Inc.   2,657    287,009 
NetApp, Inc.   4,238    351,754 
Seagate Technology Holdings PLC   3,834    344,677 
Western Digital Corp. (a)   5,911    293,481 
         62,495,469 
Office & Business Equipment — 0.1%          
Zebra Technologies Corp. Class A (a)   1,016    420,319 
Semiconductors — 5.9%          
Advanced Micro Devices, Inc. (a)   31,121    3,402,770 
Analog Devices, Inc.   10,000    1,651,800 
Applied Materials, Inc.   16,904    2,227,947 
Broadcom, Inc.   7,860    4,949,285 
Intel Corp.   77,516    3,841,693 
IPG Photonics Corp. (a)   687    75,405 
KLA Corp.   2,883    1,055,351 
Lam Research Corp.   2,656    1,427,892 
Microchip Technology, Inc.   10,584    795,282 
Micron Technology, Inc.   21,316    1,660,303 
Monolithic Power Systems, Inc.   822    399,229 
NVIDIA Corp.   47,591    12,985,680 
NXP Semiconductor NV   5,057    935,950 
Qorvo, Inc. (a)   2,095    259,990 
QUALCOMM, Inc.   21,454    3,278,600 
Skyworks Solutions, Inc.   3,139    418,366 
Teradyne, Inc.   3,099    366,395 
Texas Instruments, Inc.   17,581    3,225,762 
         42,957,700 
Software — 9.9%          
Activision Blizzard, Inc.   14,805    1,186,029 
Adobe, Inc. (a)   8,979    4,091,012 
Akamai Technologies, Inc. (a)   3,077    367,363 
ANSYS, Inc. (a)   1,659    526,981 
Autodesk, Inc. (a)   4,179    895,769 
Broadridge Financial Solutions, Inc.   2,212    344,430 
Cadence Design Systems, Inc. (a)   5,269    866,540 
Ceridian HCM Holding, Inc. (a)   2,569    175,617 
Cerner Corp.   5,593    523,281 
Citrix Systems, Inc.   2,380    240,142 
Electronic Arts, Inc.   5,375    679,991 
Fidelity National Information Services, Inc.   11,573    1,162,161 
Fiserv, Inc. (a)   11,297    1,145,516 
Intuit, Inc.   5,385    2,589,323 
Jack Henry & Associates, Inc.   1,394    274,688 
Microsoft Corp.   142,712    43,999,537 
MSCI, Inc.   1,547    777,955 
Oracle Corp.   29,993    2,481,321 
Paychex, Inc.   6,105    833,149 
Paycom Software, Inc. (a)   921    319,016 
PTC, Inc. (a)   2,024    218,025 
Roper Technologies, Inc.   2,005    946,821 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
salesforce.com, Inc. (a)   18,751   $3,981,212 
ServiceNow, Inc. (a)   3,807    2,120,080 
Synopsys, Inc. (a)   2,921    973,482 
Take-Two Interactive Software, Inc. (a) (b)   2,187    336,229 
Tyler Technologies, Inc. (a)   777    345,680 
         72,401,350 
         178,274,838 
Utilities — 2.7%          
Electric — 2.5%          
AES Corp.   12,767    328,495 
Alliant Energy Corp.   4,794    299,529 
Ameren Corp.   4,927    461,956 
American Electric Power Co., Inc.   9,582    955,996 
CenterPoint Energy, Inc.   11,901    364,647 
CMS Energy Corp.   5,516    385,789 
Consolidated Edison, Inc.   6,732    637,386 
Constellation Energy Corp.   6,201    348,806 
Dominion Energy, Inc.   15,401    1,308,623 
DTE Energy Co.   3,688    487,590 
Duke Energy Corp.   14,629    1,633,474 
Edison International   7,202    504,860 
Entergy Corp.   3,826    446,685 
Evergy, Inc.   4,393    300,218 
Eversource Energy   6,528    575,704 
Exelon Corp.   18,604    886,109 
FirstEnergy Corp.   10,854    497,764 
NextEra Energy, Inc.   37,352    3,164,088 
NRG Energy, Inc.   4,690    179,908 
Pinnacle West Capital Corp.   2,120    165,572 
PPL Corp.   14,257    407,180 
Public Service Enterprise Group, Inc.   9,611    672,770 
Sempra Energy   6,072    1,020,825 
The Southern Co.   20,164    1,462,092 
WEC Energy Group, Inc.   5,992    598,062 
Xcel Energy, Inc.   10,250    739,742 
         18,833,870 
Gas — 0.1%          
Atmos Energy Corp.   2,578    308,045 
NiSource, Inc.   7,517    239,041 
         547,086 
Water — 0.1%          
American Water Works Co., Inc.   3,451    571,244 
         19,952,200 
           
TOTAL COMMON STOCK
(Cost $353,445,005)
        728,865,263 
           
TOTAL EQUITIES
(Cost $353,445,005)
        728,865,263 
           

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 0.1%          
           
Diversified Financial Services — 0.1%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   385,515   $385,515 
          
           
TOTAL MUTUAL FUNDS
(Cost $385,515)
        385,515 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $353,830,520)
        729,250,778 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.3%          
Repurchase Agreement — 0.2%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (d)  $2,086,609   2,086,609 
U.S. Treasury Bill — 0.1%          
U.S. Treasury Bill          
0.315% 6/30/22 (e) (f)   860,000    858,893 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,945,943)
        2,945,502 
           
TOTAL INVESTMENTS — 100.0%
(Cost $356,776,463) (g)
        732,196,280 
           
Other Assets/(Liabilities) — (0.0)%        (358,138) 
           
NET ASSETS — 100.0%       $731,838,142 

 

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, 2022, was $1,022,732 or 0.14% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $660,747 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $2,086,609. Collateralized by U.S. Government Agency obligations with a rate of 1.750%, maturity date of 6/30/24, and an aggregate market value, including accrued interest, of $2,128,356.
(e) The rate shown represents yield-to-maturity.
(f) All or a portion of this security is pledged/held as collateral for open derivatives.
(g) 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  6/17/22   13   $2,743,106  $201,882 

 

 

 

MML Focused Equity Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.1%          
           
COMMON STOCK — 99.1%          
Basic Materials — 7.4%          
Chemicals — 7.4%          
Ecolab, Inc.   81,291   $14,352,739 
Linde PLC   35,045    11,194,424 
         25,547,163 
Consumer, Cyclical — 13.0%          
Apparel — 4.2%          
NIKE, Inc. Class B   106,872    14,380,696 
Retail — 8.8%          
McDonald's Corp.   52,832    13,064,297 
The TJX Cos., Inc.   287,206    17,398,940 
         30,463,237 
         44,843,933 
Consumer, Non-cyclical — 38.5%          
Beverages — 7.8%          
The Coca-Cola Co.   169,333    10,498,646 
PepsiCo, Inc.   99,346    16,628,534 
         27,127,180 
Cosmetics & Personal Care — 8.8%          
Colgate-Palmolive Co.   206,919    15,690,668 
The Procter & Gamble Co.   95,994    14,667,883 
         30,358,551 
Health Care – Products — 12.0%          
Baxter International, Inc.   132,586    10,280,719 
Danaher Corp.   20,803    6,102,144 
Medtronic PLC   117,275    13,011,661 
Stryker Corp.   45,109    12,059,891 
         41,454,415 
Health Care – Services — 5.3%          
UnitedHealth Group, Inc.   35,993    18,355,350 
Pharmaceuticals — 4.6%          
Johnson & Johnson   88,730    15,725,618 

 

 

 

 

MML Focused Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
        $133,021,114 
Financial — 19.7%          
Diversified Financial Services — 8.6%          
American Express Co.   68,545    12,817,915 
Visa, Inc. Class A   76,669    17,002,884 
         29,820,799 
Insurance — 9.3%          
Chubb Ltd.   73,380    15,695,982 
Marsh & McLennan Cos., Inc.   96,935    16,519,663 
         32,215,645 
Real Estate Investment Trusts (REITS) — 1.8%          
American Tower Corp.   24,495    6,153,634 
         68,190,078 
Industrial — 15.2%          
Aerospace & Defense — 6.9%          
Lockheed Martin Corp.   16,094    7,103,892 
Northrop Grumman Corp.   37,346    16,701,878 
         23,805,770 
Electronics — 4.8%          
Honeywell International, Inc.   84,669    16,474,894 
Transportation — 3.5%          
Union Pacific Corp.   44,950    12,280,789 
         52,561,453 
Technology — 5.3%          
Computers — 2.0%          
Accenture PLC Class A   20,613    6,951,322 
Software — 3.3%          
Microsoft Corp.   36,152    11,146,023 
         18,097,345 
           
TOTAL COMMON STOCK
(Cost $282,480,226)
        342,261,086 
           
TOTAL EQUITIES
(Cost $282,480,226)
        342,261,086 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $282,480,226)
        342,261,086 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.8%          
Repurchase Agreement — 0.8%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (a)  $2,853,574   2,853,574 

 

 

 

 

MML Focused Equity Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,853,574)
       $2,853,574 
           
TOTAL INVESTMENTS — 99.9%
(Cost $285,333,800) (b)
        345,114,660 
           
Other Assets/(Liabilities) — 0.1%        406,421 
           
NET ASSETS — 100.0%       $345,521,081 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Maturity value of $2,853,574. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $2,910,659.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

 

MML Foreign Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.8%          
           
COMMON STOCK — 99.8%          
Australia — 4.1%          
BHP Group Ltd. (a)   22,900   $891,954 
BHP Group Ltd. Sponsored ADR   10,700    826,575 
Lendlease Corp Ltd.   165,200    1,373,002 
Macquarie Group Ltd.   19,600    2,948,401 
Santos Ltd.   522,500    3,004,480 
         9,044,412 
Austria — 0.3%          
ams-OSRAM AG (b)   44,600    681,824 
Belgium — 2.5%          
Anheuser-Busch InBev SA   43,300    2,597,104 
Groupe Bruxelles Lambert SA   14,900    1,545,201 
KBC Group NV   19,100    1,373,664 
         5,515,969 
Canada — 0.3%          
TFI International, Inc.   6,200    660,345 
Cayman Islands — 2.7%          
CK Asset Holdings Ltd.   346,000    2,364,813 
CK Hutchison Holdings Ltd.   481,600    3,530,928 
         5,895,741 
Finland — 0.5%          
Nokia OYJ (b)   216,100    1,189,606 
France — 9.5%          
Amundi SA (c)   21,400    1,460,192 
Capgemini SE   11,000    2,446,875 
Dassault Aviation SA   9,000    1,430,843 
Engie SA (a)   295,200    3,869,602 
Rexel SA   38,100    811,644 
Sanofi   34,100    3,477,663 
TotalEnergies SE (a)   52,200    2,648,562 
Ubisoft Entertainment SA (b)   23,900    1,052,163 
Veolia Environnement SA   113,512    3,622,095 
         20,819,639 
Germany — 11.9%          
Allianz SE Registered   6,900    1,647,682 
BASF SE   47,300    2,697,272 
Bayer AG Registered   10,700    732,064 
Deutsche Boerse AG   15,000    2,694,581 

 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Deutsche Post AG Registered   46,900   $2,252,069 
Fresenius SE & Co. KGaA   71,000    2,612,527 
HeidelbergCement AG   43,100    2,464,941 
Infineon Technologies AG   61,200    2,090,801 
SAP SE   26,000    2,901,166 
Siemens AG Registered   22,700    3,145,362 
Siemens Energy AG (b)   87,700    2,003,826 
Talanx AG (b)   20,700    918,635 
         26,160,926 
Ireland — 4.0%          
AIB Group PLC   553,500    1,214,576 
DCC PLC   31,000    2,402,652 
Linde PLC   6,700    2,140,181 
Smurfit Kappa Group PLC   65,900    2,920,869 
         8,678,278 
Israel — 1.1%          
Check Point Software Technologies Ltd. (b)   17,800    2,461,028 
Italy — 0.5%          
Prysmian SpA   31,200    1,062,782 
Japan — 22.9%          
Astellas Pharma, Inc.   214,700    3,365,706 
Denka Co. Ltd.   55,600    1,545,411 
FANUC Corp.   12,200    2,145,473 
Fujitsu Ltd.   13,500    2,012,610 
Hitachi Ltd.   54,000    2,705,858 
Japan Airlines Co. Ltd. (b)   52,800    982,723 
Kirin Holdings Co. Ltd.   106,400    1,591,288 
Kyocera Corp.   40,000    2,248,348 
Nintendo Co. Ltd.   6,600    3,330,115 
Olympus Corp.   98,900    1,878,941 
ORIX Corp.   203,300    4,057,662 
Rakuten Group, Inc.   269,600    2,125,376 
SBI Holdings, Inc.   46,200    1,167,561 
Sega Sammy Holdings, Inc.   75,500    1,303,163 
Seven & i Holdings Co. Ltd.   81,900    3,896,820 
Sony Group Corp.   56,100    5,790,136 
Square Enix Holdings Co. Ltd.   27,000    1,195,211 
Sumitomo Mitsui Financial Group, Inc.   92,100    2,939,300 
Toshiba Corp.   77,000    2,921,819 
Toyota Industries Corp.   45,500    3,131,764 
         50,335,285 
Luxembourg — 1.0%          
ArcelorMittal SA   66,900    2,150,381 
Netherlands — 5.8%          
AerCap Holdings NV (b)   17,300    869,844 
Airbus SE (a) (b)   4,600    556,018 
ASML Holding NV   4,000    2,667,998 
CNH Industrial NV   134,000    2,121,766 
EXOR NV   10,400    793,229 
Heineken Holding NV   35,400    2,770,643 
Koninklijke Philips NV   35,779    1,094,587 

 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
NXP Semiconductor NV   10,300   $1,906,324 
         12,780,409 
Norway — 0.9%          
Mowi ASA   77,100    2,078,480 
Republic of Korea — 1.8%          
Samsung Electronics Co. Ltd.   70,700    4,038,924 
Singapore — 1.6%          
DBS Group Holdings, Ltd.   134,500    3,536,051 
Sweden — 2.6%          
Essity AB Class B   49,700    1,171,005 
Investor AB Class B   77,000    1,672,133 
Lundin Energy AB (a)   29,900    1,267,597 
Volvo AB Class B   84,298    1,572,285 
         5,683,020 
Switzerland — 9.8%          
ABB Ltd. Registered   84,000    2,717,698 
Alcon, Inc.   8,300    655,643 
Cie Financiere Richemont SA Registered   17,800    2,257,903 
Nestle SA Registered   26,200    3,401,306 
Novartis AG Registered   43,900    3,850,094 
Roche Holding AG   9,800    3,875,658 
UBS Group AG Registered   238,300    4,655,668 
         21,413,970 
United Kingdom — 16.0%          
Ashtead Group PLC   16,100    1,014,913 
Aviva PLC   301,200    1,777,959 
Barratt Developments PLC   135,100    921,750 
BP PLC   394,800    1,929,400 
The British Land Co. PLC   95,883    664,125 
Bunzl PLC   46,100    1,792,380 
Entain PLC (b)   40,700    872,954 
GlaxoSmithKline PLC   97,000    2,091,702 
Glencore PLC   295,400    1,919,736 
Imperial Brands PLC   68,600    1,444,445 
Inchcape PLC   101,900    889,528 
Informa PLC (b)   215,300    1,689,727 
Kingfisher PLC   179,400    598,721 
Liberty Global PLC Class C (b)   35,500    919,805 
Lloyds Banking Group PLC   4,554,600    2,788,315 
Melrose Industries PLC   858,290    1,389,313 
Persimmon PLC   61,100    1,718,516 
Reckitt Benckiser Group PLC   34,900    2,667,651 
Smith & Nephew PLC   144,800    2,308,054 
Tesco PLC   710,805    2,569,801 

 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Unilever PLC   68,000   $3,078,341 
         35,047,136 
           
TOTAL COMMON STOCK
(Cost $207,614,987)
        219,234,206 
           
TOTAL EQUITIES
(Cost $207,614,987)
        219,234,206 
           
           
MUTUAL FUNDS — 1.8%          
United States — 1.8%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   4,049,203    4,049,203 
           
TOTAL MUTUAL FUNDS
(Cost $4,049,203)
        4,049,203 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $211,664,190)
        223,283,409 
           
TOTAL INVESTMENTS — 101.6%
(Cost $211,664,190) (e)
        223,283,409 
           
Other Assets/(Liabilities) — (1.6)%        (3,565,548) 
           
NET ASSETS — 100.0%       $219,717,861 

 

Abbreviation Legend

ADR American Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2022, was $7,684,364 or 3.50% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $4,123,056 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, 2022, the aggregate market value of these securities amounted to $1,460,192 or 0.66% 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, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.8%          
           
COMMON STOCK — 99.8%          
Basic Materials — 0.7%          
Chemicals — 0.7%          
Valvoline, Inc.   51,103   $1,612,811 
Communications — 14.9%          
Internet — 11.0%          
Airbnb, Inc. Class A (a)   16,628    2,856,025 
Alphabet, Inc. Class A (a)   2,332    6,486,108 
Amazon.com, Inc. (a)   3,856    12,570,367 
Netflix, Inc. (a)   6,059    2,269,641 
Snap, Inc. Class A (a)   15,549    559,609 
         24,741,750 
Media — 1.3%          
Comcast Corp. Class A   59,209    2,772,165 
Telecommunications — 2.6%          
Motorola Solutions, Inc.   9,821    2,378,647 
Verizon Communications, Inc.   67,147    3,420,468 
         5,799,115 
         33,313,030 
Consumer, Cyclical — 6.0%          
Auto Manufacturers — 1.9%          
General Motors Co. (a)   52,386    2,291,363 
Tesla, Inc. (a)   1,943    2,093,777 
         4,385,140 
Entertainment — 0.3%          
Warner Music Group Corp. Class A   15,273    578,083 
Home Builders — 0.7%          
D.R. Horton, Inc.   21,460    1,598,985 
Retail — 3.1%          
CarMax, Inc. (a) (b)   19,659    1,896,700 
Floor & Decor Holdings, Inc. Class A (a)   6,929    561,249 
O'Reilly Automotive, Inc. (a)   2,690    1,842,542 
Target Corp.   12,662    2,687,130 
         6,987,621 
         13,549,829 

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Consumer, Non-cyclical — 22.5%          
Beverages — 1.3%          
The Coca-Cola Co.   24,533   $1,521,046 
Constellation Brands, Inc. Class A   5,694    1,311,442 
         2,832,488 
Biotechnology — 0.9%          
Seagen, Inc. (a)   13,664    1,968,299 
Commercial Services — 1.0%          
PayPal Holdings, Inc. (a)   11,436    1,322,573 
TransUnion   9,559    987,827 
         2,310,400 
Cosmetics & Personal Care — 2.8%          
Coty, Inc. Class A (a)   24,312    218,565 
The Procter & Gamble Co.   40,000    6,112,000 
         6,330,565 
Food — 2.1%          
Mondelez International, Inc. Class A   42,806    2,687,361 
Sysco Corp.   25,073    2,047,210 
         4,734,571 
Health Care – Products — 2.0%          
Avantor, Inc. (a)   57,198    1,934,437 
The Cooper Cos., Inc.   6,258    2,613,278 
         4,547,715 
Health Care – Services — 5.8%          
HCA Healthcare, Inc.   21,804    5,464,518 
Tenet Healthcare Corp. (a)   19,096    1,641,492 
UnitedHealth Group, Inc.   11,583    5,906,983 
         13,012,993 
Pharmaceuticals — 6.6%          
AstraZeneca PLC Sponsored ADR   62,347    4,136,100 
Bayer AG Registered   14,246    974,672 
CVS Health Corp.   45,440    4,598,982 
Eli Lilly & Co.   17,753    5,083,927 
         14,793,681 
         50,530,712 
Energy — 3.7%          
Oil & Gas — 2.3%          
APA Corp.   37,001    1,529,251 
Exxon Mobil Corp.   44,540    3,678,559 
         5,207,810 

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Oil & Gas Services — 0.3%          
Nov, Inc.   29,039   $569,455 
Pipelines — 1.1%          
Cheniere Energy, Inc.   10,634    1,474,404 
Magellan Midstream Partners LP (c)   21,361    1,048,184 
         2,522,588 
         8,299,853 
Financial — 13.5%          
Banks — 3.9%          
First Citizens BancShares, Inc. Class A   3,460    2,302,976 
JP Morgan Chase & Co.   24,592    3,352,381 
Signature Bank   5,389    1,581,618 
SVB Financial Group (a)   2,864    1,602,265 
         8,839,240 
Diversified Financial Services — 3.6%          
American Express Co.   17,739    3,317,193 
Intercontinental Exchange, Inc.   27,306    3,607,669 
Rocket Cos., Inc. Class A   103,374    1,149,519 
         8,074,381 
Insurance — 3.2%          
The Allstate Corp.   23,433    3,245,705 
Equitable Holdings, Inc.   126,537    3,911,258 
         7,156,963 
Real Estate Investment Trusts (REITS) — 2.8%          
Prologis, Inc.   38,697    6,248,791 
         30,319,375 
Industrial — 11.3%          
Aerospace & Defense — 1.9%          
Raytheon Technologies Corp.   43,714    4,330,746 
Building Materials — 1.3%          
Vulcan Materials Co.   15,275    2,806,017 
Environmental Controls — 0.6%          
Waste Connections, Inc.   10,427    1,456,652 
Machinery – Diversified — 3.3%          
Deere & Co.   7,356    3,056,124 
Otis Worldwide Corp.   40,699    3,131,788 
Rockwell Automation, Inc.   3,958    1,108,359 
         7,296,271 
Transportation — 4.2%          
Union Pacific Corp.   9,312    2,544,131 

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
United Parcel Service, Inc. Class B   32,176   $6,900,465 
         9,444,596 
         25,334,282 
Technology — 25.4%          
Computers — 6.0%          
Accenture PLC Class A   9,046    3,050,582 
Amdocs Ltd.   6,708    551,465 
Apple, Inc.   56,488    9,863,370 
         13,465,417 
Semiconductors — 5.1%          
Advanced Micro Devices, Inc. (a)   25,180    2,753,181 
Applied Materials, Inc.   22,169    2,921,875 
QUALCOMM, Inc.   37,338    5,705,993 
         11,381,049 
Software — 14.3%          
Doximity, Inc. Class A (a)   13,285    692,016 
Fiserv, Inc. (a)   29,357    2,976,800 
Manhattan Associates, Inc. (a)   4,749    658,734 
Microsoft Corp.   49,149    15,153,128 
salesforce.com, Inc. (a)   20,482    4,348,738 
ServiceNow, Inc. (a)   2,219    1,235,739 
VMware, Inc. Class A   39,220    4,465,981 
Workday, Inc. Class A (a)   9,075    2,173,099 
Zynga, Inc. Class A (a)   48,241    445,747 
         32,149,982 
         56,996,448 
Utilities — 1.8%          
Electric — 1.8%          
FirstEnergy Corp.   88,738    4,069,525 
           
TOTAL COMMON STOCK
(Cost $192,023,108)
        224,025,865 
           
TOTAL EQUITIES
(Cost $192,023,108)
        224,025,865 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $192,023,108)
        224,025,865 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.3%          
Repurchase Agreement — 0.3%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (d)  $648,435   648,435 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $648,435)
        648,435 
           

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL INVESTMENTS — 100.1%
(Cost $192,671,543) (e)
       $224,674,300 
           
Other Assets/(Liabilities) — (0.1)%        (333,525) 
           
NET ASSETS — 100.0%       $224,340,775 

 

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, 2022, was $1,995,978 or 0.89% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $2,036,381 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Security is a Master Limited Partnership
(d) Maturity value of $648,435. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $661,476.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.4%          
           
COMMON STOCK — 99.4%          
Basic Materials — 2.4%          
Chemicals — 2.4%          
Axalta Coating Systems Ltd. (a)   53,490   $1,314,784 
DuPont de Nemours, Inc.   43,487    3,199,774 
         4,514,558 
Communications — 7.7%          
Internet — 4.4%          
Alphabet, Inc. Class A (a)   2,001    5,565,482 
Meta Platforms, Inc. Class A (a)   8,095    1,800,004 
NortonLifeLock, Inc.   45,991    1,219,681 
         8,585,167 
Telecommunications — 3.3%          
Cisco Systems, Inc.   74,933    4,178,264 
T-Mobile US, Inc. (a)   16,440    2,110,074 
         6,288,338 
         14,873,505 
Consumer, Cyclical — 5.2%          
Distribution & Wholesale — 0.7%          
LKQ Corp.   29,225    1,327,107 
Home Furnishing — 0.6%          
Sony Group Corp. Sponsored ADR (b)   11,428    1,173,770 
Retail — 3.9%          
AutoZone, Inc. (a)   2,270    4,641,196 
Kohl's Corp.   12,254    740,877 
Restaurant Brands International, Inc.   12,094    706,169 
The TJX Cos., Inc.   24,467    1,482,211 
         7,570,453 
         10,071,330 
Consumer, Non-cyclical — 28.5%          
Beverages — 2.4%          
Coca-Cola Europacific Partners PLC   33,636    1,635,046 
Keurig Dr Pepper, Inc.   76,416    2,896,166 
         4,531,212 

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Commercial Services — 2.9%          
FleetCor Technologies, Inc. (a)   6,394   $1,592,490 
Global Payments, Inc.   13,710    1,876,076 
United Rentals, Inc. (a)   6,102    2,167,492 
         5,636,058 
Cosmetics & Personal Care — 1.8%          
The Procter & Gamble Co.   22,669    3,463,823 
Food — 0.8%          
US Foods Holding Corp. (a)   41,071    1,545,502 
Health Care – Products — 1.0%          
Avantor, Inc. (a)   56,283    1,903,491 
Health Care – Services — 5.0%          
Centene Corp. (a)   38,744    3,261,857 
ICON PLC (a)   7,022    1,707,891 
UnitedHealth Group, Inc.   9,103    4,642,257 
         9,612,005 
Pharmaceuticals — 14.6%          
AbbVie, Inc.   17,051    2,764,138 
AmerisourceBergen Corp.   11,185    1,730,431 
Bristol-Myers Squibb Co.   32,677    2,386,401 
Cigna Corp.   15,349    3,677,774 
CVS Health Corp.   33,220    3,362,196 
Johnson & Johnson   40,267    7,136,520 
McKesson Corp.   5,729    1,753,819 
Novartis AG Sponsored ADR   20,078    1,761,845 
Sanofi Sponsored ADR   67,098    3,444,811 
         28,017,935 
         54,710,026 
Energy — 11.3%          
Oil & Gas — 10.1%          
Canadian Natural Resources Ltd. (b)   44,190    2,738,896 
Cenovus Energy, Inc.   68,619    1,144,565 
ConocoPhillips   61,242    6,124,200 
Devon Energy Corp.   17,057    1,008,580 
EOG Resources, Inc.   14,599    1,740,639 
Marathon Petroleum Corp.   37,533    3,209,072 
Pioneer Natural Resources Co.   13,296    3,324,399 
         19,290,351 
Oil & Gas Services — 1.2%          
Schlumberger NV   56,346    2,327,653 
         21,618,004 
Financial — 16.9%          
Banks — 8.7%          
Bank of America Corp.   70,420    2,902,713 
The Goldman Sachs Group, Inc.   6,493    2,143,339 

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
JP Morgan Chase & Co.   37,966   $5,175,525 
Truist Financial Corp.   42,371    2,402,436 
Wells Fargo & Co.   85,300    4,133,638 
         16,757,651 
Diversified Financial Services — 2.8%          
Capital One Financial Corp.   17,626    2,314,118 
The Charles Schwab Corp.   35,408    2,985,248
         5,299,366 
Insurance — 5.4%          
Berkshire Hathaway, Inc. Class B (a)   18,415    6,498,837 
Chubb Ltd.   11,171    2,389,477 
Everest Re Group Ltd.   5,142    1,549,696 
         10,438,010 
         32,495,027 
Industrial — 13.1%          
Aerospace & Defense — 2.7%          
General Dynamics Corp.   12,786    3,083,727 
Howmet Aerospace, Inc.   59,768    2,148,062 
         5,231,789 
Building Materials — 1.5%          
CRH PLC Sponsored ADR   26,104    1,045,727 
Mohawk Industries, Inc. (a)   9,176    1,139,659 
Owens Corning   7,728    707,112 
         2,892,498 
Electronics — 0.5%          
Allegion PLC   7,767    852,661 
Machinery – Construction & Mining — 0.8%          
Caterpillar, Inc.   7,068    1,574,892 
Machinery – Diversified — 4.2%          
Deere & Co.   7,120    2,958,075 
Dover Corp.   6,585    1,033,186 
The Middleby Corp. (a)   5,708    935,770 
Otis Worldwide Corp.   23,175    1,783,316 
Westinghouse Air Brake Technologies Corp.   14,780    1,421,393 
         8,131,740 
Miscellaneous - Manufacturing — 1.4%          
Eaton Corp. PLC   17,773    2,697,231 
Transportation — 2.0%          
Canadian National Railway Co.   13,887    1,862,802 
Union Pacific Corp.   7,186    1,963,287 
         3,826,089 
         25,206,900 

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Technology — 12.3%          
Computers — 1.9%          
Cognizant Technology Solutions Corp. Class A   18,231   $1,634,774 
Leidos Holdings, Inc.   12,219    1,319,896 
NetApp, Inc.   8,819    731,977 
         3,686,647 
Semiconductors — 7.3%          
Applied Materials, Inc.   15,636    2,060,825 
KLA Corp.   3,043    1,113,921 
Lam Research Corp.   1,784    959,096 
Microchip Technology, Inc.   13,121    985,912 
Micron Technology, Inc.   38,495    2,998,376 
NXP Semiconductor NV   5,553    1,027,749 
Qorvo, Inc. (a)   12,135    1,505,953 
QUALCOMM, Inc.   22,352    3,415,833 
         14,067,665 
Software — 3.1%          
Activision Blizzard, Inc.   18,969    1,519,607 
Fidelity National Information Services, Inc.   26,101    2,621,062 
SS&C Technologies Holdings, Inc   22,819    1,711,881 
         5,852,550 
         23,606,862 
Utilities — 2.0%          
Electric — 2.0%          
CenterPoint Energy, Inc.   60,897    1,865,884 
Dominion Energy, Inc.   24,241    2,059,758 
         3,925,642 
           
TOTAL COMMON STOCK
(Cost $143,645,976)
        191,021,854 
           
TOTAL EQUITIES
(Cost $143,645,976)
        191,021,854 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $143,645,976)
        191,021,854 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.6%          
Repurchase Agreement — 0.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (c)  $1,226,980   1,226,980 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,226,980)
        1,226,980 
           

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL INVESTMENTS — 100.0%
(Cost $144,872,956) (d)
       $192,248,834 
           
Other Assets/(Liabilities) — 0.0%        22,145 
           
NET ASSETS — 100.0%       $192,270,979 

 

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, 2022, was $3,435,920 or 1.79% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $3,539,844 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 $1,226,980. Collateralized by U.S. Government Agency obligations with a rate of 0.375%, maturity date of 9/15/24, and an aggregate market value, including accrued interest, of $1,251,551.
(d) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Global Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.8%          
           
COMMON STOCK — 98.8%          
Austria — 0.3%          
Erste Group Bank AG   15,374   $557,589 
Canada — 4.0%          
Canadian National Railway Co.   22,384    3,002,590 
Canadian Pacific Railway Ltd. (a)   44,284    3,655,201 
         6,657,791 
Denmark — 0.5%          
Carlsberg A/S Class B   6,529    797,154 
France — 10.8%          
Air Liquide SA   8,814    1,541,914 
Danone SA   42,610    2,347,294 
EssilorLuxottica SA   3,587    654,789 
Hermes International   410    581,537 
Legrand SA   18,662    1,774,140 
LVMH Moet Hennessy Louis Vuitton SE   5,175    3,684,960 
Pernod Ricard SA   11,208    2,458,161 
Schneider Electric SE   29,292    4,890,488 
         17,933,283 
Germany — 4.1%          
Bayer AG Registered   30,250    2,069,620 
Brenntag SE   9,559    772,931 
Deutsche Boerse AG   4,673    839,452 
Merck KGaA   11,353    2,377,646 
MTU Aero Engines AG   3,238    752,338 
         6,811,987 
Ireland — 10.7%          
Accenture PLC Class A   13,068    4,406,921 
Aon PLC Class A   7,414    2,414,221 
Linde PLC (b)   10,199    3,286,535 
Linde PLC   2,690    859,267 
Medtronic PLC   41,045    4,553,943 
Willis Towers Watson PLC   9,509    2,246,216 
         17,767,103 
Israel — 1.0%          
Check Point Software Technologies Ltd. (b)   11,529    1,594,000 
Japan — 1.9%          
Hoya Corp.   6,300    718,904 
Kubota Corp.   95,800    1,796,056 

 

 

 

 

MML Global Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Olympus Corp.   30,400   $577,551 
         3,092,511 
Mexico — 0.3%          
Grupo Financiero Banorte SAB de CV Class O   57,770    435,148 
Netherlands — 2.4%          
Akzo Nobel NV   17,935    1,540,906 
Heineken NV   23,263    2,217,869 
Wolters Kluwer NV   2,653    282,411 
         4,041,186 
Republic of Korea — 0.8%          
Samsung Electronics Co. Ltd.   23,639    1,350,440 
Spain — 0.9%          
Aena SME SA (b) (c)   8,708    1,442,535 
Sweden — 1.2%          
Essity AB Class B   86,762    2,044,240 
Switzerland — 8.8%          
Adecco Group AG Registered   10,344    468,178 
Cie Financiere Richemont SA Registered   16,726    2,121,668 
Julius Baer Group Ltd.   10,998    637,958 
Nestle SA Registered   32,215    4,182,177 
Roche Holding AG   11,475    4,538,079 
Sonova Holding AG Registered   1,512    630,657 
UBS Group AG Registered   96,876    1,892,667 
         14,471,384 
United Kingdom — 7.5%          
Aptiv PLC (b)   5,799    694,198 
Burberry Group PLC   40,708    888,946 
Compass Group PLC   53,339    1,149,512 
Diageo PLC   79,097    3,997,815 
London Stock Exchange Group PLC   8,221    858,895 
Reckitt Benckiser Group PLC   28,467    2,175,932 
Rolls-Royce Holdings PLC (b)   608,961    800,660 
Whitbread PLC (b)   17,979    669,053 
WPP PLC   94,443    1,235,903 
         12,470,914 
United States — 43.6%          
3M Co.   12,324    1,834,797 
Abbott Laboratories   20,701    2,450,170 
American Express Co.   12,347    2,308,889 
Amphenol Corp. Class A   13,696    1,031,994 
Boston Scientific Corp. (b)   57,823    2,560,981 
Carrier Global Corp.   9,366    429,618 
The Charles Schwab Corp.   33,647    2,836,779 
Cisco Systems, Inc.   11,093    618,546 
Cognizant Technology Solutions Corp. Class A   23,301    2,089,401 
Colgate-Palmolive Co.   17,907    1,357,888 
Comcast Corp. Class A   94,515    4,425,192 
The Cooper Cos., Inc.   4,061    1,695,833 

 

 

 

 

MML Global Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
eBay, Inc.   24,464   $1,400,809 
Equifax, Inc.   8,767    2,078,656 
Fidelity National Information Services, Inc.   22,000    2,209,240 
Fiserv, Inc. (b)   24,140    2,447,796 
The Goldman Sachs Group, Inc.   8,262    2,727,286 
Honeywell International, Inc.   16,833    3,275,365 
International Flavors & Fragrances, Inc.   9,349    1,227,804 
Liberty Broadband Corp. Class C (b)   16,932    2,291,238 
Marriott International, Inc. Class A (b)   6,510    1,144,132 
Microchip Technology, Inc.   11,194    841,117 
Omnicom Group, Inc.   5,282    448,336 
Oracle Corp.   32,516    2,690,049 
Otis Worldwide Corp.   10,844    834,446 
PayPal Holdings, Inc. (b)   7,579    876,511 
PPG Industries, Inc.   12,261    1,607,049 
Stryker Corp.   11,156    2,982,557 
Thermo Fisher Scientific, Inc.   9,205    5,436,933 
Union Pacific Corp.   6,506    1,777,504 
United Parcel Service, Inc. Class B   8,705    1,866,874 
Visa, Inc. Class A   22,935    5,086,295 
The Walt Disney Co. (b)   19,642    2,694,097 
Waters Corp. (b)   4,248    1,318,537 
Zimmer Biomet Holdings, Inc.   9,313    1,191,132 
         72,093,851 
           
TOTAL COMMON STOCK
(Cost $125,990,782)
        163,561,116 
           
TOTAL EQUITIES
(Cost $125,990,782)
        163,561,116 
           
           
WARRANTS — 0.1%          
Switzerland — 0.1%          
Cie Financiere Richemont SA, Expires 11/22/23, Strike 67.00 (b)   105,484    83,333 
           
TOTAL WARRANTS
(Cost $0)
        83,333 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $125,990,782)
        163,644,449 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.3%          
Repurchase Agreement — 0.3%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (d)  $515,689   515,689 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $515,689)
        515,689 
           

 

 

 

 

MML Global Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL INVESTMENTS — 99.2%
(Cost $126,506,471) (e)
       $164,160,138 
           
Other Assets/(Liabilities) — 0.8%        1,382,556 
           
NET ASSETS — 100.0%       $165,542,694 

 

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, 2022, was $991,677 or 0.60% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $1,021,671 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, 2022, the aggregate market value of these securities amounted to $1,442,535 or 0.87% of net assets.
(d) Maturity value of $515,689. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $526,099.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Growth & Income Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.6%          
           
COMMON STOCK — 99.6%          
Basic Materials — 2.4%          
Chemicals — 2.4%          
DuPont de Nemours, Inc.   21,811   $1,604,853 
PPG Industries, Inc.   6,181    810,144 
The Sherwin-Williams Co.   5,359    1,337,714 
         3,752,711 
         3,752,711 
Communications — 10.4%          
Internet — 8.5%          
Alphabet, Inc. Class A (a)   3,169    8,814,098 
Alphabet, Inc. Class C (a)   1,103    3,080,668 
Amazon.com, Inc. (a)   478    1,558,256 
         13,453,022 
Media — 1.9%          
Cable One, Inc.   469    686,728 
Comcast Corp. Class A   51,141    2,394,422 
         3,081,150 
         16,534,172 
Consumer, Cyclical — 8.7%          
Apparel — 1.7%          
LVMH Moet Hennessy Louis Vuitton SE   2,463    1,753,827 
NIKE, Inc. Class B   6,891    927,253 
         2,681,080 
Retail — 7.0%          
Costco Wholesale Corp.   3,964    2,282,669 
Dollar General Corp.   8,474    1,886,567 
The Home Depot, Inc.   7,553    2,260,840 
Starbucks Corp.   5,444    495,241 
Target Corp.   11,870    2,519,051 
Tractor Supply Co.   7,295    1,702,434 
         11,146,802 
         13,827,882 

 

 

 

 

MML Growth & Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Consumer, Non-cyclical — 23.7%          
Beverages — 2.5%          
Diageo PLC   41,387   $2,091,831 
Pernod Ricard SA   8,284    1,816,864 
         3,908,695 
Biotechnology — 2.5%          
Illumina, Inc. (a)   2,774    969,236 
Maravai LifeSciences Holdings, Inc. Class A (a)   16,627    586,434 
Vertex Pharmaceuticals, Inc. (a)   9,552    2,492,785 
         4,048,455 
Cosmetics & Personal Care — 1.5%          
Colgate-Palmolive Co.   20,838    1,580,146 
The Estee Lauder Cos., Inc. Class A   2,975    810,152 
         2,390,298 
Food — 1.0%          
Danone SA   8,673    477,777 
Mondelez International, Inc. Class A   18,129    1,138,139 
         1,615,916 
Health Care – Products — 5.3%          
Danaher Corp.   8,002    2,347,226 
Medtronic PLC   25,144    2,789,727 
Thermo Fisher Scientific, Inc.   5,437    3,211,364 
         8,348,317 
Health Care – Services — 1.5%          
ICON PLC (a)   9,790    2,381,124 
Household Products & Wares — 0.7%          
Kimberly-Clark Corp.   9,301    1,145,511 
Pharmaceuticals — 8.7%          
Becton Dickinson and Co.   10,356    2,754,696 
Cigna Corp.   6,388    1,530,629 
Eli Lilly & Co.   7,523    2,154,361 
Johnson & Johnson   20,764    3,680,004 
Merck & Co., Inc.   28,871    2,368,865 
Zoetis, Inc.   7,276    1,372,181 
         13,860,736 
         37,699,052 
Energy — 2.2%          
Oil & Gas — 2.2%          
ConocoPhillips   34,771    3,477,100 
Financial — 19.2%          
Banks — 7.3%          
Bank of America Corp.   88,472    3,646,816 
The Goldman Sachs Group, Inc.   7,715    2,546,721 

 

 

 

 

MML Growth & Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
JP Morgan Chase & Co.   27,765   $3,784,925 
Truist Financial Corp.   28,906    1,638,970 
         11,617,432 
Diversified Financial Services — 6.3%          
The Charles Schwab Corp.   16,885    1,423,574 
Mastercard, Inc. Class A   8,094    2,892,634 
Nasdaq, Inc.   13,397    2,387,345 
Visa, Inc. Class A   14,963    3,318,345 
         10,021,898 
Insurance — 1.2%          
Chubb Ltd.   8,941    1,912,480 
Private Equity — 0.6%          
Blackstone, Inc.   7,421    942,022 
Real Estate Investment Trusts (REITS) — 3.8%          
American Tower Corp.   11,647    2,925,959 
Equinix, Inc.   2,587    1,918,571 
Rayonier, Inc.   27,589    1,134,460 
         5,978,990 
         30,472,822 
Industrial — 11.8%          
Aerospace & Defense — 1.4%          
Howmet Aerospace, Inc.   62,217    2,236,079 
Building Materials — 2.4%          
Johnson Controls International PLC   35,618    2,335,472 
Masco Corp.   29,100    1,484,100 
         3,819,572 
Electrical Components & Equipment — 0.9%          
AMETEK, Inc.   10,754    1,432,218 
Electronics — 3.4%          
Fortive Corp.   17,410    1,060,791 
Honeywell International, Inc.   13,980    2,720,229 
TE Connectivity Ltd.   12,685    1,661,481 
         5,442,501 
Packaging & Containers — 2.2%          
Ball Corp.   14,416    1,297,440 
Crown Holdings, Inc.   17,665    2,209,715 
         3,507,155 
Transportation — 1.5%          
Canadian Pacific Railway Ltd.   22,952    1,894,458 

 

 

 

 

MML Growth & Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Old Dominion Freight Line, Inc.   1,541   $460,266 
         2,354,724 
         18,792,249 
Technology — 20.5%          
Computers — 5.7%          
Accenture PLC Class A   6,477    2,184,239 
Amdocs Ltd.   26,763    2,200,186 
Apple, Inc.   26,313    4,594,513 
         8,978,938 
Semiconductors — 2.4%          
Analog Devices, Inc.   10,019    1,654,938 
Texas Instruments, Inc.   12,196    2,237,722 
         3,892,660 
Software — 12.4%          
Adobe, Inc. (a)   4,807    2,190,165 
Electronic Arts, Inc.   17,780    2,249,348 
Fidelity National Information Services, Inc.   21,446    2,153,607 
Fiserv, Inc. (a)   16,493    1,672,390 
Microsoft Corp.   31,556    9,729,031 
salesforce.com, Inc. (a)   7,878    1,672,657 
         19,667,198 
         32,538,796 
Utilities — 0.7%          
Electric — 0.7%          
American Electric Power Co., Inc.   10,228    1,020,448 
           
TOTAL COMMON STOCK
(Cost $86,645,371)
        158,115,232 
           
TOTAL EQUITIES
(Cost $86,645,371)
        158,115,232 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $86,645,371)
        158,115,232 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.5%          
Repurchase Agreement — 0.5%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%,due 4/01/22 (b)  $835,080   835,080 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $835,080)
        835,080 
           

 

 

 

 

MML Growth & Income Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL INVESTMENTS — 100.1%
(Cost $87,480,451) (c)
       $158,950,312 
           
Other Assets/(Liabilities) — (0.1)%        (159,833) 
           
NET ASSETS — 100.0%       $158,790,479 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Maturity value of $835,080. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $851,897.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Income & Growth Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.1%          
           
COMMON STOCK — 98.1%          
Basic Materials — 7.1%          
Chemicals — 7.1%          
Air Products & Chemicals, Inc.   21,127   $5,279,848 
Axalta Coating Systems Ltd. (a)   57,691    1,418,045 
DuPont de Nemours, Inc.   54,803    4,032,405 
Element Solutions, Inc.   87,996    1,927,112 
International Flavors & Fragrances, Inc.   38,105    5,004,330 
         17,661,740 
         17,661,740 
Communications — 3.2%          
Media — 2.4%          
Altice USA, Inc. Class A (a)   63,416    791,432 
Comcast Corp. Class A   110,108    5,155,256 
         5,946,688 
Telecommunications — 0.8%          
T-Mobile US, Inc. (a)   14,853    1,906,383 
         7,853,071 
Consumer, Cyclical — 8.1%          
Apparel — 0.5%          
Ralph Lauren Corp.   10,731    1,217,325 
Entertainment — 1.7%          
Marriott Vacations Worldwide Corp.   11,183    1,763,559 
SeaWorld Entertainment, Inc. (a)   33,175    2,469,547 
         4,233,106 
Food Services — 0.8%          
Aramark   49,197    1,849,807 
Lodging — 1.6%          
Las Vegas Sands Corp. (a)   47,965    1,864,400 
MGM Resorts International   51,847    2,174,463 
         4,038,863 
Retail — 3.5%          
Advance Auto Parts, Inc.   14,872    3,077,909 
Dollar General Corp.   8,412    1,872,764 
Lithia Motors, Inc.   4,803    1,441,476 

 

 

 

 

MML Income & Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Lowe's Cos., Inc.   11,485   $2,322,152 
         8,714,301 
         20,053,402 
Consumer, Non-cyclical — 26.8%          
Agriculture — 2.1%          
Altria Group, Inc.   44,030    2,300,567 
Philip Morris International, Inc.   29,982    2,816,509 
         5,117,076 
Beverages — 2.9%          
Coca-Cola Europacific Partners PLC   107,474    5,224,311 
Molson Coors Beverage Co. Class B   38,157    2,036,821 
         7,261,132 
Biotechnology — 2.2%          
Corteva, Inc.   94,362    5,423,928 
Commercial Services — 0.2%          
PROG Holdings, Inc. (a)   18,875    543,034 
Cosmetics & Personal Care — 0.9%          
The Procter & Gamble Co.   14,977    2,288,486 
Health Care – Products — 3.7%          
Envista Holdings Corp. (a)   27,132    1,321,600 
Hologic, Inc. (a)   17,068    1,311,164 
LivaNova PLC (a)   14,063    1,150,775 
Medtronic PLC   50,153    5,564,475 
         9,348,014 
Health Care – Services — 4.8%          
Anthem, Inc.   5,022    2,466,907 
Humana, Inc.   6,070    2,641,482 
UnitedHealth Group, Inc.   13,199    6,731,094 
         11,839,483 
Pharmaceuticals — 10.0%          
Becton Dickinson and Co.   9,809    2,609,194 
Cigna Corp.   19,598    4,695,877 
CVS Health Corp.   53,788    5,443,883 
Johnson & Johnson   10,921    1,935,529 
Merck & Co., Inc.   88,042    7,223,846 
Perrigo Co. PLC   80,972    3,111,754 
         25,020,083 
         66,841,236 
Energy — 8.8%          
Oil & Gas — 7.3%          
Hess Corp.   65,325    6,992,388 
Phillips 66   64,648    5,584,941 
Pioneer Natural Resources Co.   13,970    3,492,919 

 

 

 

 

MML Income & Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Valero Energy Corp.   21,488   $2,181,891 
         18,252,139 
Pipelines — 1.5%          
Enbridge, Inc.   80,685    3,718,772 
         21,970,911 
Financial — 20.9%          
Banks — 9.1%          
JP Morgan Chase & Co.   38,390    5,233,325 
M&T Bank Corp.   12,282    2,081,799 
Northern Trust Corp.   38,593    4,494,155 
US Bancorp   88,896    4,724,822 
Wells Fargo & Co.   124,885    6,051,927 
         22,586,028 
Diversified Financial Services — 2.5%          
AerCap Holdings NV (a)   22,633    1,137,987 
American Express Co.   27,407    5,125,109 
         6,263,096 
Insurance — 6.4%          
The Allstate Corp.   36,821    5,100,077 
American International Group, Inc.   31,718    1,990,939 
Axis Capital Holdings Ltd.   21,910    1,324,898 
Chubb Ltd.   26,368    5,640,115 
Willis Towers Watson PLC   8,336    1,969,130 
         16,025,159 
Real Estate — 0.5%          
The Howard Hughes Corp. (a)   12,518    1,296,990 
Real Estate Investment Trusts (REITS) — 2.4%          
American Campus Communities, Inc.   23,249    1,301,247 
Corporate Office Properties Trust   81,347    2,321,643 
MGM Growth Properties LLC Class A   30,026    1,162,006 
VICI Properties, Inc.   40,408    1,150,012 
         5,934,908 
         52,106,181 
Industrial — 12.5%          
Aerospace & Defense — 3.7%          
General Dynamics Corp.   12,271    2,959,520 
Raytheon Technologies Corp.   64,005    6,340,975 
         9,300,495 
Building Materials — 0.2%          
MDU Resources Group, Inc.   20,962    558,637 
Electrical Components & Equipment — 0.5%          
Emerson Electric Co.   12,245    1,200,622 

 

 

 

 

MML Income & Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Engineering & Construction — 1.5%          
AECOM   30,869   $2,371,048 
Jacobs Engineering Group, Inc.   9,419    1,298,032 
         3,669,080 
Hand & Machine Tools — 1.6%          
Stanley Black & Decker, Inc.   28,717    4,014,349 
Machinery – Construction & Mining — 1.6%          
BWX Technologies, Inc.   31,517    1,697,506 
Vertiv Holdings Co.   154,763    2,166,682 
         3,864,188 
Machinery – Diversified — 2.5%          
Deere & Co.   15,258    6,339,089 
Transportation — 0.9%          
J.B. Hunt Transport Services, Inc.   11,274    2,263,707 
         31,210,167 
Technology — 6.5%          
Computers — 1.8%          
Cognizant Technology Solutions Corp. Class A   48,149    4,317,521 
Semiconductors — 2.4%          
Broadcom, Inc.   4,452    2,803,335 
Microchip Technology, Inc.   23,226    1,745,201 
QUALCOMM, Inc.   9,463    1,446,136 
         5,994,672 
Software — 2.3%          
Fidelity National Information Services, Inc.   12,793    1,284,673 
Oracle Corp.   54,382    4,499,023 
         5,783,696 
         16,095,889 
Utilities — 4.2%          
Electric — 4.2%          
CenterPoint Energy, Inc.   46,412    1,422,063 
Constellation Energy Corp.   11,756    661,275 
Entergy Corp.   24,081    2,811,457 
Exelon Corp.   35,270    1,679,910 

 

 

 

 

MML Income & Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Pinnacle West Capital Corp.   51,058   $3,987,630 
         10,562,335 
         10,562,335 
           
TOTAL COMMON STOCK
(Cost $184,476,007)
        244,354,932 
           
TOTAL EQUITIES
(Cost $184,476,007)
        244,354,932 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $184,476,007)
        244,354,932 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 1.6%          
Repurchase Agreement — 1.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (b)  $3,816,071   3,816,071 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,816,071)
        3,816,071 
           
TOTAL INVESTMENTS — 99.7%
(Cost $188,292,078) (c)
        248,171,003 
           
Other Assets/(Liabilities) — 0.3%        867,121 
           
NET ASSETS — 100.0%       $249,038,124 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Maturity value of $3,816,071. Collateralized by U.S. Government Agency obligations with rates ranging from 0.375% - 0.500%, maturity dates ranging from 4/15/24 - 9/15/24, and an aggregate market value, including accrued interest, of $3,892,442.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML International Equity Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.1%          
           
COMMON STOCK — 97.7%          
Australia — 0.7%          
Brambles Ltd.   97,100   $716,023 
Orica Ltd.   83,286    986,320 
         1,702,343 
Belgium — 1.1%          
Anheuser-Busch InBev SA   25,300    1,517,477 
KBC Group NV   15,959    1,147,764 
         2,665,241 
Canada — 4.0%          
Canadian National Railway Co.   25,697    3,446,996 
Intact Financial Corp.   7,959    1,176,008 
Open Text Corp.   23,300    987,988 
Restaurant Brands International, Inc.   12,500    729,875 
Suncor Energy, Inc.   39,701    1,292,509 
The Toronto-Dominion Bank   23,261    1,845,585 
         9,478,961 
Cayman Islands — 2.3%          
Alibaba Group Holding Ltd. (a)   140,840    1,927,717 
JD.com, Inc. Class A (a)   50    1,464 
JD.COM, Inc., Class A, Lockup Shares (Acquired 1/20/22, Cost $47,415)) (a) (b) (c)   1,300    36,170 
NetEase, Inc.   43,800    789,611 
Tencent Holdings Ltd.   34,600    1,632,269 
Trip.com Group Ltd. (a)   11,500    270,891 
Vipshop Holdings Ltd. ADR (a)   88,064    792,576 
         5,450,698 
Denmark — 2.1%          
Carlsberg A/S Class B   9,851    1,202,751 
Novo Nordisk A/S Class B   34,037    3,769,485 
         4,972,236 
Finland — 0.2%          
UPM-Kymmene OYJ (d)   15,000    489,459 
France — 17.0%          
Accor SA (a)   48,200    1,544,644 
Air Liquide SA   26,432    4,623,993 
BNP Paribas SA   42,676    2,429,854 
Capgemini SE   20,094    4,469,774 
Cie de Saint-Gobain   15,428    918,121 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Cie Generale des Etablissements Michelin SCA   8,905   $1,203,002 
Danone SA   19,000    1,046,670 
Dassault Systemes SE   22,606    1,113,910 
Edenred   4,500    222,460 
Engie SA   131,084    1,718,302 
EssilorLuxottica SA   12,802    2,336,942 
L'Oreal SA   3,799    1,520,610 
Legrand SA   16,272    1,546,930 
LVMH Moet Hennessy Louis Vuitton SE   5,332    3,796,755 
Pernod Ricard SA   13,495    2,959,751 
Publicis Groupe SA   20,651    1,254,475 
Schneider Electric SE   31,966    5,336,930 
Valeo   46,110    847,171 
Worldline SA (a) (e)   36,400    1,578,056 
         40,468,350 
Germany — 15.6%          
adidas AG   3,255    760,095 
Allianz SE Registered   10,610    2,533,609 
Bayer AG Registered   86,142    5,893,595 
Bayerische Motoren Werke AG   24,475    2,119,885 
Beiersdorf AG   26,716    2,807,352 
Continental AG (a)   25,220    1,819,147 
Daimler Truck Holding AG (a)   39,449    1,095,934 
Deutsche Boerse AG   17,552    3,153,019 
Fresenius Medical Care AG & Co. KGaA   23,300    1,562,557 
Fresenius SE & Co. KGaA   38,600    1,420,332 
Henkel AG & Co. KGaA   16,000    1,060,534 
Mercedes-Benz Group AG   31,298    2,198,266 
Merck KGaA   14,731    3,085,096 
MTU Aero Engines AG   4,307    1,000,716 
SAP SE   40,214    4,487,211 
Siemens AG Registered   5,290    732,994 
thyssenkrupp AG (a)   141,374    1,217,860 
Vitesco Technologies Group AG (a)   1,411    55,999 
         37,004,201 
Hong Kong — 1.5%          
AIA Group Ltd.   344,800    3,609,861 
India — 0.6%          
Axis Bank Ltd. (a)   79,042    786,437 
HDFC Bank Ltd. ADR   11,494    704,927 
         1,491,364 
Indonesia — 0.0%          
Bank Mandiri Persero Tbk PT   177,700    97,505 
Ireland — 1.9%          
Linde PLC (a)   6,349    2,045,908 
Ryanair Holdings PLC Sponsored ADR (a)   28,262    2,462,185 
         4,508,093 
Israel — 0.9%          
Check Point Software Technologies Ltd. (a)   14,957    2,067,955 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Italy — 2.3%          
Eni SpA   74,144   $1,087,032 
Intesa Sanpaolo SpA   1,868,847    4,271,638 
Intesa Sanpaolo SpA   12,000    27,608 
         5,386,278 
Japan — 10.3%          
Daikin Industries Ltd.   14,800    2,694,709 
Denso Corp.   19,200    1,225,179 
Hitachi Ltd.   62,700    3,141,801 
Hoya Corp.   17,800    2,031,188 
Koito Manufacturing Co. Ltd.   23,400    947,331 
Komatsu Ltd.   25,100    602,292 
Kose Corp.   10,600    1,108,639 
Kubota Corp.   112,500    2,109,148 
Kyocera Corp.   28,600    1,607,569 
Olympus Corp.   103,700    1,970,133 
Shin-Etsu Chemical Co. Ltd.   6,300    960,027 
SMC Corp.   2,800    1,563,837 
Sony Group Corp.   20,600    2,126,146 
Terumo Corp.   53,200    1,611,202 
Toyota Motor Corp.   38,600    691,461 
         24,390,662 
Mexico — 0.4%          
Grupo Televisa SAB Sponsored ADR   81,800    957,060 
Netherlands — 4.8%          
CNH Industrial NV   105,653    1,672,918 
EXOR NV   20,920    1,595,611 
ING Groep NV   132,106    1,380,610 
Iveco Group NV (a)   12,156    78,988 
Koninklijke Philips NV   60,777    1,859,350 
Prosus NV   37,573    1,989,015 
QIAGEN NV (a)   29,825    1,463,984 
Randstad NV (d)   23,501    1,410,584 
         11,451,060 
Portugal — 0.5%          
Galp Energia SGPS SA   90,702    1,147,825 
Republic of Korea — 0.5%          
NAVER Corp.   4,555    1,273,684 
Singapore — 0.9%          
DBS Group Holdings, Ltd.   81,200    2,134,776 
Spain — 1.0%          
Amadeus IT Group SA (a)   37,201    2,423,124 
Sweden — 1.4%          
Hennes & Mauritz AB Class B (d)   94,818    1,266,267 
SKF AB Class B (d)   69,100    1,123,214 
Volvo AB Class B   52,170    973,049 
         3,362,530 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Switzerland — 13.6%          
Cie Financiere Richemont SA Registered   23,593   $2,992,737 
Credit Suisse Group AG Registered   273,919    2,161,252 
Holcim Ltd.   33,659    1,643,286 
Julius Baer Group Ltd.   20,350    1,180,437 
Nestle SA Registered   49,573    6,435,607 
Novartis AG Registered   43,602    3,823,959 
Roche Holding AG   14,923    5,901,678 
Sika AG Registered   4,773    1,572,497 
The Swatch Group AG   2,415    686,243 
UBS Group AG Registered   177,446    3,466,763 
Zurich Insurance Group AG   5,068    2,498,669 
         32,363,128 
Taiwan — 1.1%          
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR   24,190    2,522,049 
United Kingdom — 12.6%          
Compass Group PLC   149,148    3,214,298 
Diageo PLC   57,204    2,891,273 
Experian PLC   56,800    2,190,492 
Glencore PLC   326,144    2,119,534 
Informa PLC (a)   96,300    755,786 
Liberty Global PLC Class A (a)   51,600    1,316,316 
Lloyds Banking Group PLC   4,154,984    2,543,671 
London Stock Exchange Group PLC   9,319    973,609 
Natwest Group PLC   214,600    603,845 
Prudential PLC   71,700    1,059,136 
Reckitt Benckiser Group PLC   30,069    2,298,384 
RELX PLC   93,550    2,913,910 
Rio Tinto PLC   22,399    1,776,821 
Rolls-Royce Holdings PLC (a)   857,319    1,127,201 
Schroders PLC   30,000    1,264,230 
Smiths Group PLC   34,294    650,071 
Tesco PLC   452,748    1,636,838 
WPP PLC   52,592    688,231 
         30,023,646 
United States — 0.4%          
Yum China Holdings, Inc.   23,869    991,518 
           
TOTAL COMMON STOCK
(Cost $241,251,874)
        232,433,607 
           
PREFERRED STOCK — 0.4%          
Republic of Korea — 0.4%          
Samsung Electronics Co. Ltd. 1.760%          
   20,300    1,049,994 
           
TOTAL PREFERRED STOCK
(Cost $1,174,727)
        1,049,994 
           
TOTAL EQUITIES
(Cost $242,426,601)
        233,483,601 
           

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 0.3%          
           
United States — 0.3%          
State Street Navigator Securities Lending Government Money Market Portfolio (f)   626,054   $626,054 
           
TOTAL MUTUAL FUNDS
(Cost $626,054)
        626,054 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $243,052,655)
        234,109,655 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 1.4%          
Repurchase Agreement — 1.4%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (g)  $3,242,074   3,242,074 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,242,074)
        3,242,074 
           
TOTAL INVESTMENTS — 99.8%
(Cost $246,294,729) (h)
        237,351,729 
           
Other Assets/(Liabilities) — 0.2%        468,420 
           
NET ASSETS — 100.0%       $237,820,149 

 

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) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2022, these securities amounted to a value of $36,170 or 0.02% of net assets.
(c) Restricted security. Certain securities are restricted as to resale. At March 31, 2022, these securities amounted to a value of $36,170 or 0.02% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities.
(d) Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2022, was $3,470,997 or 1.46% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $3,020,408 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(e) 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, 2022, the aggregate market value of these securities amounted to $1,578,056 or 0.66% of net assets.
(f) Represents investment of security lending cash collateral. (Note 2).
(g) Maturity value of $3,242,074. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $3,307,027.
(h) See Note 3 for aggregate cost for federal tax purposes.

 

Forward contracts
Counterparty  Settlement Date  Currency Purchased  Currency Sold  Unrealized Appreciation (Depreciation) 
State Street Bank and Trust  6/15/22  CHF  166,000   USD  $180,415   $(234) 
State Street Bank and Trust Co  6/15/22  USD  1,194,465   CHF  1,097,000    3,748
                    $3,514

 

 

Currency Legend

CHF Swiss Franc

 

 

 

MML Large Cap Growth Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.5%          
           
COMMON STOCK — 99.5%          
Communications — 27.2%          
Internet — 22.1%          
Alibaba Group Holding Ltd. Sponsored ADR (a)   28,022   $3,048,794 
Alphabet, Inc. Class A (a)   2,620    7,287,137 
Alphabet, Inc. Class C (a)   2,563    7,158,433 
Amazon.com, Inc. (a)   3,723    12,136,794 
Meta Platforms, Inc. Class A (a)   39,728    8,833,918 
Netflix, Inc. (a)   11,742    4,398,436 
Shopify, Inc. Class A (a)   4,646    3,140,510 
         46,004,022 
Media — 5.1%          
FactSet Research Systems, Inc.   8,594    3,731,085 
The Walt Disney Co. (a)   51,206    7,023,415 
         10,754,500 
         56,758,522 
Consumer, Cyclical — 7.1%          
Auto Manufacturers — 3.2%          
Tesla, Inc. (a)   6,153    6,630,472 
Retail — 3.9%          
Starbucks Corp.   46,026    4,186,985 
Yum China Holdings, Inc.   30,333    1,260,033 
Yum! Brands, Inc.   22,562    2,674,274 
         8,121,292 
         14,751,764 
Consumer, Non-cyclical — 23.0%          
Beverages — 2.8%          
Monster Beverage Corp. (a)   73,355    5,861,065 
Biotechnology — 9.0%          
Illumina, Inc. (a)   14,008    4,894,395 
Regeneron Pharmaceuticals, Inc. (a)   10,130    7,074,995 
Vertex Pharmaceuticals, Inc. (a)   26,197    6,836,631 
         18,806,021 
Commercial Services — 3.1%          
Block, Inc. (a)   24,167    3,277,045 

 

 

 

 

MML Large Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
PayPal Holdings, Inc. (a)   27,635   $3,195,988 
         6,473,033 
Health Care – Products — 1.3%          
Intuitive Surgical, Inc. (a)   9,058    2,732,617 
Pharmaceuticals — 6.8%          
Novartis AG Sponsored ADR   67,136    5,891,184 
Novo Nordisk A/S Sponsored ADR   24,506    2,721,391 
Roche Holding AG Sponsored ADR   110,304    5,450,121 
         14,062,696 
         47,935,432 
Financial — 7.0%          
Diversified Financial Services — 7.0%          
SEI Investments Co.   48,923    2,945,654 
Visa, Inc. Class A   52,257    11,589,035 
         14,534,689 
         14,534,689 
Industrial — 8.6%          
Aerospace & Defense — 4.5%          
The Boeing Co. (a)   49,203    9,422,374 
Machinery – Diversified — 2.6%          
Deere & Co.   13,275    5,515,232 
Transportation — 1.5%          
Expeditors International of Washington, Inc.   29,405    3,033,420 
         17,971,026 
Technology — 26.6%          
Semiconductors — 9.0%          
NVIDIA Corp.   51,295    13,996,354 
QUALCOMM, Inc.   31,560    4,822,999 
         18,819,353 
Software — 17.6%          
Autodesk, Inc. (a)   32,880    7,047,828 
Microsoft Corp.   33,339    10,278,747 
Oracle Corp.   111,566    9,229,855 
salesforce.com, Inc. (a)   34,549    7,335,444 

 

 

 

 

MML Large Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Workday, Inc. Class A (a)   11,459   $2,743,972 
         36,635,846 
         55,455,199 
           
TOTAL COMMON STOCK
(Cost $161,802,538)
        207,406,632 
           
TOTAL EQUITIES
(Cost $161,802,538)
        207,406,632 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $161,802,538)
        207,406,632 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.5%          
Repurchase Agreement — 0.5%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (b)  $987,780   987,780 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $987,780)
        987,780 
           
TOTAL INVESTMENTS — 100.0%
(Cost $162,790,318) (c)
        208,394,412 
           
Other Assets/(Liabilities) — (0.0)%        (95,387) 
           
NET ASSETS — 100.0%       $208,299,025 

 

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 $987,780. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $1,007,622.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

  

 

 

MML Managed Volatility Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 101.5%          
           
COMMON STOCK — 101.5%          
Basic Materials — 2.2%          
Chemicals — 1.6%          
Air Products & Chemicals, Inc. (a)   765   $191,181 
Albemarle Corp. (a)   413    91,335 
Celanese Corp. (a)   395    56,434 
CF Industries Holdings, Inc. (a)   717    73,894 
Dow, Inc. (a)   2,490    158,663 
DuPont de Nemours, Inc. (a)   1,754    129,059 
Eastman Chemical Co. (a)   421    47,177 
Ecolab, Inc. (a)   845    149,193 
FMC Corp. (a)   432    56,838 
International Flavors & Fragrances, Inc. (a)   858    112,681 
Linde PLC (a)   1,746    557,725 
LyondellBasell Industries NV Class A (a)   870    89,453 
The Mosaic Co. (a)   1,258    83,657 
PPG Industries, Inc. (a)   830    108,788 
The Sherwin-Williams Co. (a)   817    203,940 
         2,110,018 
Forest Products & Paper — 0.1%          
International Paper Co. (a)   1,364    62,949 
Iron & Steel — 0.1%          
Nucor Corp. (a)   927    137,799 
Mining — 0.4%          
Freeport-McMoRan, Inc. (a)   4,999    248,650 
Newmont Corp. (a)   2,718    215,945 
         464,595 
         2,775,361 
Communications — 14.6%          
Advertising — 0.1%          
The Interpublic Group of Cos., Inc. (a)   1,413    50,091 
Omnicom Group, Inc. (a)   699    59,331 
         109,422 
Internet — 10.7%          
Alphabet, Inc. Class A (a) (b)   1,028    2,859,228 
Alphabet, Inc. Class C (a) (b)   944    2,636,583 
Amazon.com, Inc. (a) (b)   1,492    4,863,845 
Booking Holdings, Inc. (a) (b)   139    326,435 
CDW Corp. (a)   445    79,606 
eBay, Inc. (a)   2,133    122,136 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Etsy, Inc. (a) (b)   430   $53,440 
Expedia Group, Inc. (a) (b)   508    99,400 
F5, Inc. (a) (b)   212    44,297 
Match Group, Inc. (a) (b)   981    106,674 
Meta Platforms, Inc. Class A (a) (b)   7,866    1,749,084 
Netflix, Inc. (a) (b)   1,510    565,631 
NortonLifeLock, Inc. (a)   1,956    51,873 
Twitter, Inc. (a) (b)   2,707    104,734 
VeriSign, Inc. (a) (b)   346    76,971 
         13,739,937 
Media — 1.6%          
Charter Communications, Inc. Class A (a) (b)   403    219,845 
Comcast Corp. Class A (a)   15,382    720,185 
Discovery, Inc. Class A (a) (b)   885    22,054 
Discovery, Inc. Class C (a) (b)   670    16,730 
DISH Network Corp. Class A (a) (b)   884    27,979 
FactSet Research Systems, Inc. (a)   130    56,439 
Fox Corp. Class A (a)   778    30,692 
Fox Corp. Class B (a)   818    29,677 
News Corp. Class A (a)   837    18,540 
News Corp. Class B (a)   1,016    22,880 
Paramount Global Class B (a)   2,050    77,510 
The Walt Disney Co. (a) (b)   6,194    849,569 
         2,092,100 
Telecommunications — 2.2%          
Arista Networks, Inc. (a) (b)   760    105,625 
AT&T, Inc. (a)   24,236    572,697 
Cisco Systems, Inc. (a)   14,361    800,769 
Corning, Inc. (a)   2,601    96,003 
Juniper Networks, Inc. (a)   1,049    38,981 
Lumen Technologies, Inc. (a)   3,054    34,419 
Motorola Solutions, Inc. (a)   581    140,718 
T-Mobile US, Inc. (a) (b)   2,030    260,550 
Verizon Communications, Inc. (a)   14,404    733,740 
         2,783,502 
         18,724,961 
Consumer, Cyclical — 9.9%          
Airlines — 0.3%          
Alaska Air Group, Inc. (a) (b)   399    23,146 
American Airlines Group, Inc. (a) (b)   2,403    43,855 
Delta Air Lines, Inc. (a) (b)   2,283    90,338 
Southwest Airlines Co. (a) (b)   1,951    89,356 
United Airlines Holdings, Inc. (a) (b)   1,015    47,055 
         293,750 
Apparel — 0.6%          
NIKE, Inc. Class B (a)   4,340    583,990 
PVH Corp. (a)   214    16,395 
Ralph Lauren Corp. (a)   181    20,533 
Tapestry, Inc. (a)   845    31,392 
Under Armour, Inc. Class A (a) (b)   604    10,280 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Under Armour, Inc. Class C (a) (b)   911   $14,175 
VF Corp. (a)   1,165    66,242 
         743,007 
Auto Manufacturers — 2.9%          
Cummins, Inc. (a)   492    100,914 
Ford Motor Co. (a)   13,567    229,418 
General Motors Co. (a) (b)   4,909    214,720 
PACCAR, Inc. (a)   1,228    108,150 
Tesla, Inc. (a) (b)   2,853    3,074,393 
         3,727,595 
Auto Parts & Equipment — 0.1%          
Aptiv PLC (a) (b)   898    107,500 
BorgWarner, Inc. (a)   879    34,193 
         141,693 
Distribution & Wholesale — 0.3%          
Copart, Inc. (a) (b)   724    90,840 
Fastenal Co. (a)   2,043    121,354 
LKQ Corp. (a)   980    44,502 
Pool Corp. (a)   138    58,353 
W.W. Grainger, Inc. (a)   145    74,790 
         389,839 
Entertainment — 0.1%          
Caesars Entertainment, Inc. (a) (b)   750    58,020 
Live Nation Entertainment, Inc. (a) (b)   465    54,703 
Penn National Gaming, Inc. (a) (b)   582    24,688 
         137,411 
Home Builders — 0.2%          
D.R. Horton, Inc. (a)   1,071    79,800 
Lennar Corp. Class A (a)   926    75,163 
NVR, Inc. (a) (b)   11    49,140 
PulteGroup, Inc. (a)   882    36,956 
         241,059 
Home Furnishing — 0.0%          
Whirlpool Corp. (a)   190    32,828 
Housewares — 0.0%          
Newell Brands, Inc. (a)   1,346    28,818 
Leisure Time — 0.1%          
Carnival Corp. (a) (b)   2,851    57,647 
Norwegian Cruise Line Holdings Ltd. (a) (b)   1,247    27,284 
Royal Caribbean Cruises Ltd. (a) (b)   788    66,019 
         150,950 
Lodging — 0.4%          
Hilton Worldwide Holdings, Inc. (a) (b)   949    144,001 
Las Vegas Sands Corp. (a) (b)   1,231    47,849 
Marriott International, Inc. Class A (a) (b)   932    163,799 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
MGM Resorts International (a)   1,335   $55,990 
Wynn Resorts Ltd. (a) (b)   383    30,541 
         442,180 
Retail — 4.9%          
Advance Auto Parts, Inc. (a)   220    45,531 
AutoZone, Inc. (a) (b)   70    143,121 
Bath & Body Works, Inc. (a)   924    44,167 
Best Buy Co., Inc. (a)   729    66,266 
CarMax, Inc. (a) (b)   543    52,389 
Chipotle Mexican Grill, Inc. (a) (b)   96    151,875 
Costco Wholesale Corp. (a)   1,510    869,533 
Darden Restaurants, Inc. (a)   447    59,429 
Dollar General Corp. (a)   785    174,765 
Dollar Tree, Inc. (a) (b)   763    122,194 
Domino's Pizza, Inc. (a)   130    52,911 
Genuine Parts Co. (a)   460    57,969 
The Home Depot, Inc. (a)   3,559    1,065,315 
Lowe's Cos., Inc. (a)   2,294    463,824 
McDonald's Corp. (a)   2,536    627,102 
O'Reilly Automotive, Inc. (a) (b)   228    156,171 
Ross Stores, Inc. (a)   1,220    110,361 
Starbucks Corp. (a)   3,893    354,146 
Target Corp. (a)   1,632    346,343 
The TJX Cos., Inc. (a)   4,048    245,228 
Tractor Supply Co. (a)   381    88,914 
Ulta Beauty, Inc. (a) (b)   182    72,476 
Walgreens Boots Alliance, Inc. (a)   2,519    112,776 
Walmart, Inc. (a)   4,815    717,050 
Yum! Brands, Inc. (a)   986    116,871 
         6,316,727 
Toys, Games & Hobbies — 0.0%          
Hasbro, Inc. (a)   432    35,389 
         12,681,246 
Consumer, Non-cyclical — 20.4%          
Agriculture — 0.8%          
Altria Group, Inc. (a)   6,164    322,069 
Archer-Daniels-Midland Co. (a)   1,891    170,681 
Philip Morris International, Inc. (a)   5,271    495,158 
         987,908 
Beverages — 1.5%          
Brown-Forman Corp. Class B (a)   604    40,480 
The Coca-Cola Co. (a)   13,230    820,260 
Constellation Brands, Inc. Class A (a)   576    132,664 
Molson Coors Beverage Co. Class B (a)   613    32,722 
Monster Beverage Corp. (a) (b)   1,265    101,073 
PepsiCo, Inc. (a)   4,704    787,356 
         1,914,555 
Biotechnology — 1.5%          
Amgen, Inc. (a)   1,915    463,085 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Bio-Rad Laboratories, Inc. Class A (a) (b)   72   $40,552 
Biogen, Inc. (a) (b)   516    108,670 
Corteva, Inc. (a)   2,466    141,746 
Gilead Sciences, Inc. (a)   4,248    252,544 
Illumina, Inc. (a) (b)   530    185,182 
Incyte Corp. (a) (b)   626    49,717 
Moderna, Inc. (a) (b)   1,208    208,090 
Regeneron Pharmaceuticals, Inc. (a) (b)   365    254,923 
Vertex Pharmaceuticals, Inc. (a) (b)   864    225,478 
         1,929,987 
Commercial Services — 1.9%          
Automatic Data Processing, Inc. (a)   1,426    324,472 
Cintas Corp. (a)   312    132,722 
Equifax, Inc. (a)   407    96,500 
FleetCor Technologies, Inc. (a) (b)   267    66,499 
Gartner, Inc. (a) (b)   277    82,396 
Global Payments, Inc. (a)   962    131,640 
MarketAxess Holdings, Inc. (a)   139    47,288 
Moody's Corp. (a)   562    189,624 
Nielsen Holdings PLC (a)   1,326    36,120 
PayPal Holdings, Inc. (a) (b)   3,959    457,858 
Quanta Services, Inc. (a)   473    62,252 
Robert Half International, Inc. (a)   357    40,762 
Rollins, Inc. (a)   750    26,287 
S&P Global, Inc. (a)   1,204    493,857 
United Rentals, Inc. (a) (b)   243    86,316 
Verisk Analytics, Inc. (a)   566    121,481 
         2,396,074 
Cosmetics & Personal Care — 1.3%          
Colgate-Palmolive Co. (a)   2,943    223,168 
The Estee Lauder Cos., Inc. Class A (a)   807    219,762 
The Procter & Gamble Co. (a)   8,154    1,245,931 
         1,688,861 
Food — 1.1%          
Campbell Soup Co. (a)   671    29,907 
Conagra Brands, Inc. (a)   1,772    59,486 
General Mills, Inc. (a)   2,066    139,910 
The Hershey Co. (a)   487    105,499 
Hormel Foods Corp. (a)   937    48,293 
The J.M. Smucker Co. (a)   405    54,841 
Kellogg Co. (a)   959    61,846 
The Kraft Heinz Co. (a)   2,390    94,142 
The Kroger Co. (a)   2,262    129,771 
Lamb Weston Holdings, Inc. (a)   473    28,337 
McCormick & Co., Inc. (a)   824    82,235 
Mondelez International, Inc. Class A (a)   4,703    295,254 
Sysco Corp. (a)   1,749    142,806 
Tyson Foods, Inc. Class A (a)   984    88,196 
         1,360,523 
Health Care – Products — 4.0%          
Abbott Laboratories (a)   6,020    712,527 
ABIOMED, Inc. (a) (b)   157    52,005 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Align Technology, Inc. (a) (b)   249   $108,564 
Baxter International, Inc. (a)   1,722    133,524 
Bio-Techne Corp. (a)   130    56,295 
Boston Scientific Corp. (a) (b)   4,937    218,660 
The Cooper Cos., Inc. (a)   177    73,913 
Danaher Corp. (a)   2,168    635,940 
Dentsply Sirona, Inc. (a)   744    36,620 
Edwards Lifesciences Corp. (a) (b)   2,114    248,860 
Henry Schein, Inc. (a) (b)   480    41,851 
Hologic, Inc. (a) (b)   865    66,449 
IDEXX Laboratories, Inc. (a) (b)   286    156,459 
Intuitive Surgical, Inc. (a) (b)   1,214    366,240 
Medtronic PLC (a)   4,570    507,042 
PerkinElmer, Inc. (a)   421    73,448 
ResMed, Inc. (a)   504    122,225 
Steris PLC (a)   346    83,652 
Stryker Corp. (a)   1,137    303,977 
Teleflex, Inc. (a)   159    56,418 
Thermo Fisher Scientific, Inc. (a)   1,343    793,243 
Waters Corp. (a) (b)   213    66,113 
West Pharmaceutical Services, Inc. (a)   254    104,320 
Zimmer Biomet Holdings, Inc. (a)   698    89,274 
         5,107,619 
Health Care – Services — 2.4%          
Anthem, Inc. (a)   826    405,748 
Catalent, Inc. (a) (b)   611    67,760 
Centene Corp. (a) (b)   2,013    169,474 
Charles River Laboratories International, Inc. (a) (b)   173    49,127 
DaVita, Inc. (a) (b)   189    21,378 
HCA Healthcare, Inc. (a)   812    203,503 
Humana, Inc. (a)   436    189,734 
IQVIA Holdings, Inc. (a) (b)   674    155,836 
Laboratory Corp. of America Holdings (a) (b)   313    82,526 
Molina Healthcare, Inc. (a) (b)   203    67,719 
Quest Diagnostics, Inc. (a)   425    58,165 
UnitedHealth Group, Inc. (a)   3,211    1,637,514 
Universal Health Services, Inc. Class B (a)   276    40,006 
         3,148,490 
Household Products & Wares — 0.2%          
Avery Dennison Corp. (a)   274    47,668 
Church & Dwight Co., Inc. (a)   764    75,926 
The Clorox Co. (a)   443    61,590 
Kimberly-Clark Corp. (a)   1,174    144,590 
         329,774 
Pharmaceuticals — 5.7%          
AbbVie, Inc. (a)   6,025    976,713 
AmerisourceBergen Corp. (a)   501    77,510 
Becton Dickinson and Co. (a)   966    256,956 
Bristol-Myers Squibb Co. (a)   7,420    541,883 
Cardinal Health, Inc. (a)   912    51,710 
Cigna Corp. (a)   1,096    262,612 
CVS Health Corp. (a)   4,472    452,611 
DexCom, Inc. (a) (b)   328    167,805 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Eli Lilly & Co. (a)   2,706   $774,917 
Johnson & Johnson (a)   8,977    1,590,994 
McKesson Corp. (a)   509    155,820 
Merck & Co., Inc. (a)   8,607    706,204 
Organon & Co. (a)   877    30,634 
Pfizer, Inc. (a)   19,133    990,515 
Viatris, Inc. (a)   4,019    43,727 
Zoetis, Inc. (a)   1,607    303,064 
         7,383,675 
         26,247,466 
Energy — 4.0%          
Energy – Alternate Sources — 0.1%          
Enphase Energy, Inc. (a) (b)   458    92,415 
SolarEdge Technologies, Inc. (a) (b)   185    59,639 
         152,054 
Oil & Gas — 3.3%          
APA Corp. (a)   1,210    50,009 
Chevron Corp. (a)   6,570    1,069,793 
ConocoPhillips (a)   4,433    443,300 
Coterra Energy, Inc. (a)   2,739    73,871 
Devon Energy Corp. (a)   2,196    129,849 
Diamondback Energy, Inc. (a)   572    78,410 
EOG Resources, Inc. (a)   2,023    241,202 
Exxon Mobil Corp. (a)   14,435    1,192,187 
Hess Corp. (a)   976    104,471 
Marathon Oil Corp. (a)   2,698    67,747 
Marathon Petroleum Corp. (a)   1,956    167,238 
Occidental Petroleum Corp. (a)   3,012    170,901 
Phillips 66 (a)   1,574    135,978 
Pioneer Natural Resources Co. (a)   770    192,523 
Valero Energy Corp. (a)   1,388    140,938 
         4,258,417 
Oil & Gas Services — 0.3%          
Baker Hughes Co. (a)   2,991    108,902 
Halliburton Co. (a)   3,156    119,518 
Schlumberger NV (a)   4,769    197,007 
         425,427 
Pipelines — 0.3%          
Kinder Morgan, Inc. (a)   6,673    126,186 
ONEOK, Inc. (a)   1,477    104,321 
The Williams Cos., Inc. (a)   4,151    138,685 
         369,192 
         5,205,090 
Financial — 15.1%          
Banks — 4.7%          
Bank of America Corp. (a)   24,225    998,554 
The Bank of New York Mellon Corp. (a)   2,485    123,331 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Citigroup, Inc. (a)   6,752   $360,557 
Citizens Financial Group, Inc. (a)   1,374    62,283 
Comerica, Inc. (a)   420    37,981 
Fifth Third Bancorp (a)   2,394    103,038 
First Republic Bank (a)   637    103,258 
The Goldman Sachs Group, Inc. (a)   1,151    379,945 
Huntington Bancshares, Inc. (a)   4,977    72,764 
JP Morgan Chase & Co. (a)   10,073    1,373,151 
KeyCorp. (a)   3,164    70,810 
M&T Bank Corp. (a)   447    75,767 
Morgan Stanley (a)   4,819    421,181 
Northern Trust Corp. (a)   739    86,057 
The PNC Financial Services Group, Inc. (a)   1,422    262,288 
Regions Financial Corp. (a)   3,148    70,074 
Signature Bank (a)   210    61,633 
State Street Corp. (a)   1,228    106,983 
SVB Financial Group (a) (b)   198    110,771 
Truist Financial Corp. (a)   4,502    255,263 
US Bancorp (a)   4,674    248,423 
Wells Fargo & Co. (a)   13,240    641,610 
Zions Bancorp NA (a)   473    31,010 
         6,056,732 
Diversified Financial Services — 3.8%          
American Express Co. (a)   2,092    391,204 
Ameriprise Financial, Inc. (a)   369    110,833 
BlackRock, Inc. (a)   482    368,330 
Capital One Financial Corp. (a)   1,397    183,412 
Cboe Global Markets, Inc. (a)   369    42,221 
The Charles Schwab Corp. (a)   5,118    431,499 
CME Group, Inc. (a)   1,249    297,087 
Discover Financial Services (a)   965    106,333 
Franklin Resources, Inc. (a)   962    26,859 
Intercontinental Exchange, Inc. (a)   1,955    258,295 
Invesco Ltd. (a)   1,134    26,150 
Mastercard, Inc. Class A (a)   2,940    1,050,697 
Nasdaq, Inc. (a)   416    74,131 
Raymond James Financial, Inc. (a)   666    73,200 
Synchrony Financial (a)   1,845    64,225 
T. Rowe Price Group, Inc. (a)   754    113,997 
Visa, Inc. Class A (a)   5,651    1,253,222 
         4,871,695 
Insurance — 3.8%          
Aflac, Inc. (a)   2,002    128,909 
The Allstate Corp. (a)   960    132,970 
American International Group, Inc. (a)   2,814    176,635 
Aon PLC Class A (a)   728    237,059 
Arthur J Gallagher & Co. (a)   714    124,664 
Assurant, Inc. (a)   169    30,729 
Berkshire Hathaway, Inc. Class B (a) (b)   6,249    2,205,335 
Brown & Brown, Inc. (a)   866    62,586 
Chubb Ltd. (a)   1,465    313,363 
Cincinnati Financial Corp. (a)   499    67,844 
Everest Re Group Ltd. (a)   134    40,385 
Globe Life, Inc. (a)   335    33,701 
The Hartford Financial Services Group, Inc. (a)   1,171    84,089 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Lincoln National Corp. (a)   583   $38,105 
Loews Corp. (a)   650    42,133 
Marsh & McLennan Cos., Inc. (a)   1,764    300,621 
MetLife, Inc. (a)   2,353    165,369 
Principal Financial Group, Inc. (a)   877    64,381 
The Progressive Corp. (a)   1,985    226,270 
Prudential Financial, Inc. (a)   1,307    154,448 
The Travelers Cos., Inc. (a)   811    148,194 
W.R. Berkley Corp. (a)   650    43,250 
Willis Towers Watson PLC (a)   409    96,614 
         4,917,654 
Real Estate — 0.1%          
CBRE Group, Inc. Class A (a) (b)   1,145    104,790 
Real Estate Investment Trusts (REITS) — 2.7%          
Alexandria Real Estate Equities, Inc. (a)   504    101,430 
American Tower Corp. (a)   1,543    387,632 
AvalonBay Communities, Inc. (a)   468    116,237 
Boston Properties, Inc. (a)   462    59,506 
Crown Castle International Corp. (a)   1,489    274,869 
Digital Realty Trust, Inc. (a)   987    139,957 
Duke Realty Corp. (a)   1,292    75,014 
Equinix, Inc. (a)   305    226,194 
Equity Residential (a)   1,214    109,163 
Essex Property Trust, Inc. (a)   209    72,205 
Extra Space Storage, Inc. (a)   445    91,492 
Federal Realty Investment Trust (a)   250    30,517 
Healthpeak Properties, Inc. (a)   1,952    67,012 
Host Hotels & Resorts, Inc. (a)   2,321    45,097 
Iron Mountain, Inc. (a)   951    52,695 
Kimco Realty Corp. (a)   2,138    52,809 
Mid-America Apartment Communities, Inc. (a)   375    78,544 
Prologis, Inc. (a)   2,515    406,122 
Public Storage (a)   516    201,384 
Realty Income Corp. (a)   2,002    138,739 
Regency Centers Corp. (a)   572    40,806 
SBA Communications Corp. (a)   372    128,005 
Simon Property Group, Inc. (a)   1,105    145,374 
UDR, Inc. (a)   953    54,674 
Ventas, Inc. (a)   1,322    81,647 
Vornado Realty Trust (a)   587    26,603 
Welltower, Inc. (a)   1,534    147,479 
Weyerhaeuser Co. (a)   2,519    95,470 
         3,446,676 
Savings & Loans — 0.0%          
People's United Financial, Inc. (a)   1,555    31,084 
         19,428,631 
Industrial — 7.7%          
Aerospace & Defense — 1.6%          
The Boeing Co. (a) (b)   1,860    356,190 
General Dynamics Corp. (a)   780    188,120 
Howmet Aerospace, Inc. (a)   1,237    44,458 
L3 Harris Technologies, Inc. (a)   665    165,233 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Lockheed Martin Corp. (a)   836   $369,011 
Northrop Grumman Corp. (a)   506    226,293 
Raytheon Technologies Corp. (a)   5,090    504,266 
Teledyne Technologies, Inc. (a) (b)   161    76,094 
TransDigm Group, Inc. (a) (b)   184    119,883 
         2,049,548 
Building Materials — 0.4%          
Carrier Global Corp. (a)   2,885    132,335 
Fortune Brands Home & Security, Inc. (a)   421    31,272 
Johnson Controls International PLC (a)   2,376    155,794 
Martin Marietta Materials, Inc. (a)   213    81,981 
Masco Corp. (a)   845    43,095 
Mohawk Industries, Inc. (a) (b)   180    22,356 
Vulcan Materials Co. (a)   438    80,461 
         547,294 
Electrical Components & Equipment — 0.3%          
AMETEK, Inc. (a)   768    102,282 
Emerson Electric Co. (a)   2,057    201,689 
Generac Holdings, Inc. (a) (b)   224    66,586 
         370,557 
Electronics — 1.0%          
Agilent Technologies, Inc. (a)   1,006    133,124 
Allegion PLC (a)   333    36,557 
Amphenol Corp. Class A (a)   2,096    157,934 
Fortive Corp. (a)   1,197    72,933 
Garmin Ltd. (a)   508    60,254 
Honeywell International, Inc. (a)   2,321    451,620 
Keysight Technologies, Inc. (a) (b)   649    102,523 
Mettler-Toledo International, Inc. (a) (b)   79    108,482 
TE Connectivity Ltd. (a)   1,088    142,506 
Trimble, Inc. (a) (b)   824    59,443 
         1,325,376 
Engineering & Construction — 0.0%          
Jacobs Engineering Group, Inc. (a)   464    63,944 
Environmental Controls — 0.3%          
Pentair PLC (a)   591    32,038 
Republic Services, Inc. (a)   721    95,533 
Waste Management, Inc. (a)   1,288    204,148 
         331,719 
Hand & Machine Tools — 0.1%          
Snap-on, Inc. (a)   193    39,658 
Stanley Black & Decker, Inc. (a)   552    77,164 
         116,822 
Machinery – Construction & Mining — 0.3%          
Caterpillar, Inc. (a)   1,840    409,989 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Machinery – Diversified — 0.8%          
Deere & Co. (a)   954   $396,349 
Dover Corp. (a)   516    80,960 
IDEX Corp. (a)   245    46,974 
Ingersoll Rand, Inc. (a)   1,450    73,008 
Nordson Corp. (a)   188    42,691 
Otis Worldwide Corp. (a)   1,431    110,115 
Rockwell Automation, Inc. (a)   397    111,172 
Westinghouse Air Brake Technologies Corp. (a)   619    59,529 
Xylem, Inc. (a)   596    50,815 
         971,613 
Miscellaneous - Manufacturing — 1.1%          
3M Co. (a)   1,921    285,999 
A.O. Smith Corp. (a)   487    31,114 
Eaton Corp. PLC (a)   1,348    204,572 
General Electric Co. (a)   3,729    341,204 
Illinois Tool Works, Inc. (a)   963    201,652 
Parker-Hannifin Corp. (a)   446    126,557 
Textron, Inc. (a)   723    53,777 
Trane Technologies PLC (a)   783    119,564 
         1,364,439 
Packaging & Containers — 0.2%          
Amcor PLC (a)   5,354    60,661 
Ball Corp. (a)   1,092    98,280 
Packaging Corp. of America (a)   329    51,360 
Sealed Air Corp. (a)   527    35,288 
WestRock Co. (a)   853    40,116 
         285,705 
Shipbuilding — 0.0%          
Huntington Ingalls Industries, Inc. (a)   127    25,329 
Transportation — 1.6%          
C.H. Robinson Worldwide, Inc. (a)   422    45,454 
CSX Corp. (a)   7,548    282,672 
Expeditors International of Washington, Inc. (a)   585    60,349 
FedEx Corp. (a)   825    190,897 
J.B. Hunt Transport Services, Inc. (a)   273    54,816 
Norfolk Southern Corp. (a)   815    232,454 
Old Dominion Freight Line, Inc. (a)   319    95,279 
Union Pacific Corp. (a)   2,173    593,685 
United Parcel Service, Inc. Class B (a)   2,488    533,576 
         2,089,182 
         9,951,517 
Technology — 24.8%          
Computers — 8.7%          
Accenture PLC Class A (a)   2,152    725,719 
Apple, Inc. (a)   52,850    9,228,139 
Cognizant Technology Solutions Corp. Class A (a)   1,807    162,034 
DXC Technology Co. (a) (b)   867    28,290 
EPAM Systems, Inc. (a) (b)   199    59,025 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Fortinet, Inc. (a) (b)   460   $157,200 
Hewlett Packard Enterprise Co. (a)   4,617    77,150 
HP, Inc. (a)   3,637    132,023 
International Business Machines Corp. (a)   3,049    396,431 
Leidos Holdings, Inc. (a)   465    50,229 
NetApp, Inc. (a)   764    63,412 
Seagate Technology Holdings PLC (a)   674    60,593 
Western Digital Corp. (a) (b)   1,035    51,388 
         11,191,633 
Office & Business Equipment — 0.1%          
Zebra Technologies Corp. Class A (a) (b)   183    75,707 
Semiconductors — 5.9%          
Advanced Micro Devices, Inc. (a) (b)   5,569    608,915 
Analog Devices, Inc. (a)   1,781    294,186 
Applied Materials, Inc. (a)   3,018    397,772 
Broadcom, Inc. (a)   1,407    885,960 
Intel Corp. (a)   13,872    687,496 
IPG Photonics Corp. (a) (b)   124    13,610 
KLA Corp. (a)   509    186,325 
Lam Research Corp. (a)   473    254,290 
Microchip Technology, Inc. (a)   1,867    140,286 
Micron Technology, Inc. (a)   3,811    296,839 
Monolithic Power Systems, Inc. (a)   145    70,424 
NVIDIA Corp. (a)   8,521    2,325,040 
NXP Semiconductor NV (a)   918    169,903 
Qorvo, Inc. (a) (b)   382    47,406 
QUALCOMM, Inc. (a)   3,840    586,829 
Skyworks Solutions, Inc. (a)   580    77,302 
Teradyne, Inc. (a)   566    66,918 
Texas Instruments, Inc. (a)   3,146    577,228 
         7,686,729 
Software — 10.1%          
Activision Blizzard, Inc. (a)   2,649    212,211 
Adobe, Inc. (a) (b)   1,606    731,726 
Akamai Technologies, Inc. (a) (b)   541    64,590 
ANSYS, Inc. (a) (b)   299    94,977 
Autodesk, Inc. (a) (b)   766    164,192 
Broadridge Financial Solutions, Inc. (a)   422    65,710 
Cadence Design Systems, Inc. (a) (b)   939    154,428 
Ceridian HCM Holding, Inc. (a) (b)   474    32,403 
Cerner Corp. (a)   995    93,092 
Citrix Systems, Inc. (a)   439    44,295 
Electronic Arts, Inc. (a)   952    120,438 
Fidelity National Information Services, Inc. (a)   2,065    207,367 
Fiserv, Inc. (a) (b)   2,065    209,391 
Intuit, Inc. (a)   963    463,049 
Jack Henry & Associates, Inc. (a)   242    47,686 
Microsoft Corp. (a)   25,559    7,880,095 
MSCI, Inc. (a)   278    139,801 
Oracle Corp. (a)   5,365    443,846 
Paychex, Inc. (a)   1,101    150,253 
Paycom Software, Inc. (a) (b)   173    59,924 
PTC, Inc. (a) (b)   360    38,779 
Roper Technologies, Inc. (a)   360    170,003 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
salesforce.com, Inc. (a) (b)   3,352   $711,697 
ServiceNow, Inc. (a) (b)   680    378,685 
Synopsys, Inc. (a) (b)   517    172,301 
Take-Two Interactive Software, Inc. (a) (b)   386    59,344 
Tyler Technologies, Inc. (a) (b)   142    63,174 
         12,973,457 
         31,927,526 
Utilities — 2.8%          
Electric — 2.6%          
AES Corp. (a)   2,230    57,378 
Alliant Energy Corp. (a)   782    48,859 
Ameren Corp. (a)   892    83,634 
American Electric Power Co., Inc. (a)   1,729    172,502 
CenterPoint Energy, Inc. (a)   2,283    69,951 
CMS Energy Corp. (a)   919    64,275 
Consolidated Edison, Inc. (a)   1,146    108,503 
Constellation Energy Corp. (a)   1,140    64,125 
Dominion Energy, Inc. (a)   2,764    234,857 
DTE Energy Co. (a)   631    83,425 
Duke Energy Corp. (a)   2,712    302,822 
Edison International (a)   1,290    90,429 
Entergy Corp. (a)   715    83,476 
Evergy, Inc. (a)   861    58,841 
Eversource Energy (a)   1,123    99,037 
Exelon Corp. (a)   3,420    162,895 
FirstEnergy Corp. (a)   1,783    81,768 
NextEra Energy, Inc. (a)   6,684    566,202 
NRG Energy, Inc. (a)   802    30,765 
Pinnacle West Capital Corp. (a)   364    28,428 
PPL Corp. (a)   2,650    75,684 
Public Service Enterprise Group, Inc. (a)   1,781    124,670 
Sempra Energy (a)   1,085    182,410 
The Southern Co. (a)   3,533    256,178 
WEC Energy Group, Inc. (a)   1,083    108,094 
Xcel Energy, Inc. (a)   1,797    129,690 
         3,368,898 
Gas — 0.1%          
Atmos Energy Corp. (a)   483    57,713 
NiSource, Inc. (a)   1,431    45,506 
         103,219 
Water — 0.1%          
American Water Works Co., Inc. (a)   628    103,953 
         3,576,070 
           
TOTAL COMMON STOCK
(Cost $70,709,343)
        130,517,868 
           
TOTAL EQUITIES
(Cost $70,709,343)
        130,517,868 
           

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
BONDS & NOTES — 0.0%          
           
CORPORATE DEBT — 0.0%          
   Number of
Shares
    
Forest Products & Paper — 0.0%          
Sino Forest Corp. 5.000% 8/01/49 (a) (c) (d)  $359,000   $ 
           
TOTAL CORPORATE DEBT
(Cost $0)
         
           
TOTAL BONDS & NOTES
(Cost $0)
         
           
TOTAL PURCHASED OPTIONS (#) — 0.9%
(Cost $2,497,565)
        1,180,794 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $73,206,908)
        131,698,662 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 1.4%          
Repurchase Agreement — 1.4%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (e)  $1,802,855   1,802,855 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,802,855)
        1,802,855 
           
TOTAL INVESTMENTS — 103.8%
(Cost $75,009,763) (f)
        133,501,517 
           
Other Assets/(Liabilities) — (3.8)%        (4,855,669) 
           
NET ASSETS — 100.0%       $128,645,848 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) All or a portion of this security is pledged/held as collateral for open derivatives.
(b) Non-income producing security.
(c) Investment was 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, 2022, these securities amounted to a value of $0 or 0.00% of net assets.
(e) Maturity value of $1,802,855. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $1,838,936.
(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  5/20/22   4,000.00    42   USD   16,800,000   $93,870   $245,524   $(151,654)
S&P 500 Index  5/20/22   4,025.00    42   USD   16,905,000    106,218    381,381    (275,163)
S&P 500 Index  5/20/22   4,050.00    41   USD   16,605,000    111,930    338,858    (226,928)
S&P 500 Index  6/17/22   3,950.00    42   USD   16,590,000    171,360    226,905    (55,545)
S&P 500 Index  6/17/22   4,000.00    42   USD   16,800,000    184,800    261,219    (76,419)
S&P 500 Index  6/17/22   4,025.00    36   USD   14,490,000    170,568    195,929    (25,361)
S&P 500 Index  9/16/22   3,800.00    42   USD   15,960,000    342,048    847,749    (505,701) 
                        $1,180,794   $2,497,565   $(1,316,771)

 

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  4/29/22   4,550.00    32   USD   14,560,000   $(270,176)   $(253,871)   $(16,305)
S&P 500 Index  4/29/22   4,600.00    31   USD   14,260,000    (166,160)    (185,179)    19,019
S&P 500 Index  5/20/22   4,500.00    32   USD   14,400,000    (472,224)    (296,784)    (175,440)
S&P 500 Index  5/20/22   4,550.00    33   USD   15,015,000    (376,596)    (309,787)    (66,809)
S&P 500 Index  5/20/22   4,600.00    32   USD   14,720,000    (275,840)    (250,992)    (24,848)
S&P 500 Index  5/20/22   4,700.00    32   USD   15,040,000    (145,984)    (153,520)    7,536
S&P 500 Index  5/20/22   4,750.00    32   USD   15,200,000    (87,296)    (143,920)    56,624
S&P 500 Index  6/17/22   4,650.00    31   USD   14,415,000    (285,727)    (267,917)    (17,810)
S&P 500 Index  6/17/22   4,700.00    32   USD   15,040,000    (222,048)    (330,348)    108,300 
                        $(2,302,051)   $(2,192,318)   $(109,733)

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 96.6%          
           
COMMON STOCK — 96.2%          
Basic Materials — 0.5%          
Chemicals — 0.5%          
RPM International, Inc.   22,500   $1,832,400 
Communications — 6.2%          
Advertising — 0.5%          
The Trade Desk, Inc. Class A (a)   27,200    1,883,600 
Internet — 4.5%          
CDW Corp.   22,441    4,014,470 
DoorDash, Inc., Class A (a)   4,800    562,512 
Etsy, Inc. (a) (b)   8,100    1,006,668 
Farfetch Ltd. Class A (a)   21,424    323,931 
IAC/InterActiveCorp (a)   8,500    852,380 
Match Group, Inc. (a)   43,111    4,687,890 
Palo Alto Networks, Inc. (a)   6,367    3,963,521 
Spotify Technology SA (a)   12,300    1,857,546 
Upwork, Inc. (a)   9,900    230,076 
Vimeo, Inc. (a)   29,429    349,617 
         17,848,611 
Media — 0.7%          
Liberty Media Corp-Liberty Formula One Class C (a)   39,100    2,730,744 
Telecommunications — 0.5%          
Corning, Inc.   49,400    1,823,354 
         24,286,309 
Consumer, Cyclical — 14.6%          
Airlines — 0.9%          
Southwest Airlines Co. (a)   73,000    3,343,400 
Apparel — 0.2%          
Deckers Outdoor Corp. (a)   3,300    903,441 
Auto Manufacturers — 1.3%          
Rivian Automotive, Inc., Lockup Shares (Acquired 12/23/19 - 7/10/20, Cost $1,280,667) (a) (d) (e)   108,363    5,171,949 
Auto Parts & Equipment — 0.2%          
Aptiv PLC (a)   4,600    550,666 
Entertainment — 0.6%          
DraftKings, Inc. Class A (a) (b)   36,600    712,602 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Vail Resorts, Inc.   6,700   $1,743,809 
         2,456,411 
Leisure Time — 0.1%          
Peloton Interactive, Inc. Class A (a)   18,354    484,913 
Lodging — 2.6%          
Hilton Worldwide Holdings, Inc. (a)   50,357    7,641,171 
MGM Resorts International   58,400    2,449,296 
         10,090,467 
Retail — 8.7%          
Bath & Body Works, Inc.   24,400    1,166,320 
Burlington Stores, Inc. (a)   21,500    3,916,655 
Casey's General Stores, Inc.   17,600    3,487,792 
Chipotle Mexican Grill, Inc. (a)   2,050    3,243,161 
Dollar General Corp.   18,000    4,007,340 
Dollar Tree, Inc. (a)   18,700    2,994,805 
Domino's Pizza, Inc.   5,000    2,035,050 
Five Below, Inc. (a)   6,900    1,092,753 
Freshpet, Inc. (a)   23,597    2,421,996 
Lululemon Athletica, Inc. (a)   8,308    3,034,331 
O'Reilly Automotive, Inc. (a)   3,900    2,671,344 
Olaplex Holdings, Inc. (a)   18,148    283,653 
Ross Stores, Inc.   12,700    1,148,842 
Warby Parker, Inc. Class A (a)   4,843    163,742 
Wingstop, Inc.   23,771    2,789,527 
         34,457,311 
         57,458,558 
Consumer, Non-cyclical — 33.9%          
Beverages — 0.3%          
The Boston Beer Co., Inc. Class A (a)   3,294    1,279,620 
Biotechnology — 3.1%          
Alnylam Pharmaceuticals, Inc. (a)   14,000    2,286,060 
Apellis Pharmaceuticals, Inc. (a)   3,182    161,677 
Argenx SE ADR (a)   5,809    1,831,636 
Exelixis, Inc. (a)   18,000    408,060 
Ionis Pharmaceuticals, Inc. (a)   38,500    1,426,040 
Seagen, Inc. (a)   38,633    5,565,084 
Ultragenyx Pharmaceutical, Inc. (a)   8,100    588,222 
         12,266,779 
Commercial Services — 11.4%          
Bright Horizons Family Solutions, Inc. (a)   11,200    1,486,128 
Chegg, Inc. (a) (b)   100,191    3,634,929 
Clarivate PLC (a) (b)   102,082    1,710,894 
CoStar Group, Inc. (a)   36,554    2,434,862 
Equifax, Inc.   10,800    2,560,680 
FleetCor Technologies, Inc. (a)   15,300    3,810,618 
Gartner, Inc. (a)   21,577    6,418,294 
MarketAxess Holdings, Inc.   11,063    3,763,633 
Multiplan Corp. (a) (b)   129,800    607,464 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Paylocity Holding Corp. (a)   1,400   $288,078 
Shift4 Payments, Inc. Class A (a)   60,003    3,715,986 
Terminix Global Holdings, Inc. (a)   53,000    2,418,390 
TransUnion   92,523    9,561,327 
Verisk Analytics, Inc.   10,900    2,339,467 
         44,750,750 
Food — 0.2%          
TreeHouse Foods, Inc. (a)   28,800    929,088 
Health Care – Products — 12.0%          
Alcon, Inc. (b)   27,900    2,213,307 
Align Technology, Inc. (a)   6,799    2,964,364 
Avantor, Inc. (a)   128,800    4,356,016 
Bruker Corp.   67,400    4,333,820 
The Cooper Cos., Inc.   10,900    4,551,731 
Dentsply Sirona, Inc.   14,100    694,002 
Exact Sciences Corp. (a) (b)   12,800    894,976 
Hologic, Inc. (a)   117,900    9,057,078 
ICU Medical, Inc. (a)   8,000    1,781,120 
Omnicell, Inc. (a)   31,559    4,086,575 
Ortho Clinical Diagnostics Holdings PLC Class H (a)   52,453    978,773 
Quidel Corp. (a)   15,500    1,743,130 
Teleflex, Inc.   19,240    6,826,929 
West Pharmaceutical Services, Inc.   7,235    2,971,487 
         47,453,308 
Health Care – Services — 4.5%          
Acadia Healthcare Co., Inc. (a)   45,700    2,994,721 
agilon health, Inc. (a) (b)   8,756    221,965 
Catalent, Inc. (a)   64,600    7,164,140 
ICON PLC (a)   23,956    5,826,578 
Molina Healthcare, Inc. (a)   4,500    1,501,155 
         17,708,559 
Household Products & Wares — 1.0%          
Avery Dennison Corp.   17,200    2,992,284 
Reynolds Consumer Products, Inc.   35,600    1,044,504 
         4,036,788 
Pharmaceuticals — 1.4%          
Alkermes PLC (a)   59,100    1,554,921 
Elanco Animal Health, Inc. (a)   51,400    1,341,026 
Neurocrine Biosciences, Inc. (a)   12,900    1,209,375 
Perrigo Co. PLC   37,000    1,421,910 
         5,527,232 
         133,952,124 
Energy — 0.3%          
Energy – Alternate Sources — 0.1%          
Shoals Technologies Group, Inc. Class A (a) (b)   23,000    391,920 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Oil & Gas — 0.2%          
Venture Global LNG, Inc., Series B (Acquired 3/08/18, Cost $63,420) (a) (c) (d) (e)   21   $124,954 
Venture Global LNG, Inc., Series C (Acquired 10/16/17-3/08/18, Cost $530,257) (a) (c) (d) (e)   144    856,824 
         981,778 
         1,373,698 
Financial — 5.0%          
Diversified Financial Services — 2.6%          
Cboe Global Markets, Inc.   17,800    2,036,676 
Hamilton Lane, Inc. Class A   45,981    3,553,872 
Raymond James Financial, Inc.   8,900    978,199 
SoFi Technologies, Inc. (a) (b)   36,561    345,501 
Tradeweb Markets, Inc. Class A   38,500    3,382,995 
         10,297,243 
Insurance — 1.5%          
Assurant, Inc.   17,800    3,236,574 
Axis Capital Holdings Ltd.   32,500    1,965,275 
Kemper Corp.   10,200    576,708 
         5,778,557 
Private Equity — 0.9%          
KKR & Co., Inc.   58,900    3,443,883 
Real Estate — 0.0%          
eXp World Holdings, Inc. (b)   7,300    154,541 
         19,674,224 
Industrial — 17.2%          
Aerospace & Defense — 0.8%          
Hexcel Corp.   54,215    3,224,166 
Building Materials — 1.4%          
Fortune Brands Home & Security, Inc.   40,429    3,003,066 
Martin Marietta Materials, Inc.   6,760    2,601,857 
         5,604,923 
Electrical Components & Equipment — 0.1%          
Littelfuse, Inc.   1,900    473,879 
Electronics — 3.9%          
Agilent Technologies, Inc.   39,900    5,279,967 
Amphenol Corp. Class A   24,100    1,815,935 
Fortive Corp.   41,200    2,510,316 
Keysight Technologies, Inc. (a)   23,400    3,696,498 
National Instruments Corp.   54,500    2,212,155 
         15,514,871 
Environmental Controls — 0.5%          
Waste Connections, Inc.   13,900    1,941,830 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Machinery – Construction & Mining — 1.3%          
BWX Technologies, Inc.   90,773   $4,889,034 
Machinery – Diversified — 3.3%          
Cognex Corp.   18,100    1,396,415 
Colfax Corp. (a)   80,636    3,208,506 
IDEX Corp.   11,800    2,262,414 
Ingersoll Rand, Inc.   121,700    6,127,595 
         12,994,930 
Miscellaneous - Manufacturing — 2.0%          
Textron, Inc.   104,000    7,735,520 
Packaging & Containers — 2.7%          
Ardagh Metal Packaging SA (a)   47,137    383,224 
Ball Corp.   80,047    7,204,230 
Sealed Air Corp.   48,100    3,220,776 
         10,808,230 
Transportation — 1.2%          
J.B. Hunt Transport Services, Inc.   23,100    4,638,249 
         67,825,632 
Technology — 18.5%          
Computers — 3.1%          
Crowdstrike Holdings, Inc. Class A (a)   7,800    1,771,224 
Fortinet, Inc. (a)   14,400    4,921,056 
Leidos Holdings, Inc.   9,600    1,036,992 
Thoughtworks Holding, Inc. (a)   9,956    207,185 
Varonis Systems, Inc. (a)   88,189    4,192,505 
         12,128,962 
Semiconductors — 7.2%          
Entegris, Inc.   7,200    945,072 
KLA Corp.   20,178    7,386,359 
Lattice Semiconductor Corp. (a)   9,300    566,835 
Marvell Technology, Inc.   90,900    6,518,439 
Microchip Technology, Inc.   100,700    7,566,598 
Skyworks Solutions, Inc.   15,200    2,025,856 
Synaptics, Inc. (a)   14,067    2,806,366 
Wolfspeed, Inc. (a)   4,300    489,598 
         28,305,123 
Software — 8.2%          
Atlassian Corp. PLC Class A (a)   4,400    1,292,852 
Avalara, Inc. (a)   39,242    3,904,971 
Bill.com Holdings, Inc. (a) (b)   6,600    1,496,814 
Black Knight, Inc. (a)   32,900    1,907,871 
Broadridge Financial Solutions, Inc.   5,000    778,550 
CCC Intelligent Solutions Holdings, Inc. (a)   75,271    830,992 
Ceridian HCM Holding, Inc. (a)   86,441    5,909,107 
Clear Secure Inc. Class A (a) (b)   5,493    147,652 
DocuSign, Inc. (a)   13,300    1,424,696 
Doximity, Inc. Class A (a) (b)   11,400    593,826 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Electronic Arts, Inc.   3,900   $493,389 
HashiCorp, Inc. Class A (a) (b)   519    28,026 
nCino, Inc. (a)   6,900    282,762 
Playtika Holding Corp. (a)   23,537    454,970 
Procore Technologies, Inc. (a)   3,703    214,626 
PTC, Inc. (a)   15,400    1,658,888 
Roper Technologies, Inc.   5,800    2,738,934 
SentinelOne Inc. Class A (a)   10,076    390,344 
Synopsys, Inc. (a)   3,900    1,299,753 
Veeva Systems, Inc. Class A (a)   16,000    3,399,360 
ZoomInfo Technologies, Inc. (a)   56,128    3,353,088 
         32,601,471 
         73,035,556 
           
TOTAL COMMON STOCK
(Cost $297,371,097)
        379,438,501 
           
PREFERRED STOCK — 0.4%          
Consumer, Cyclical — 0.0%          
Auto Manufacturers — 0.0%          
Nuro, Inc., Series D (Acquired 10/29/21, Cost $1,59,220)) (a) (c) (d) (e)   7,638    159,220 
Consumer, Non-cyclical — 0.1%          
Commercial Services — 0.0%          
Redwood Materials, Inc., Series C (Acquired 5/28/21, Cost $200,090) (a) (c) (d) (e)   4,221    220,125 
Health Care – Services — 0.1%          
Caris Life Sciences, Inc., Series D (Acquired 5/11/21, Cost $271,366) (a) (c) (d) (e)   33,502    271,366 
         491,491 
Financial — 0.1%          
Investment Companies — 0.1%          
Maplebear, Inc., Series E (Acquired 11/19/21 - 12/01/21, Cost $528,790) (a) (c) (d) (e)   4,398    422,208 
Maplebear, Inc., Series I (Acquired 2/26/21, Cost $95,750) (a) (c) (d) (e)   766    73,536 
         495,744 
Industrial — 0.1%          
Electrical Components & Equipment — 0.1%          
Sila Nanotechnologies, Inc., Series F (Acquired 1/07/21, Cost $407,982) (a) (c) (d) (e)   9,885    308,115 
Technology — 0.1%          
Software — 0.1%          
Databricks, Inc., Series G (Acquired 2/01/21, Cost $133,381) (a) (c) (d) (e)   752    124,742 

 

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Databricks, Inc., Series H (Acquired 8/31/21, Cost $186,503) (a) (c) (d) (e)   846   $140,334 
         265,076 
          
TOTAL PREFERRED STOCK
(Cost $1,983,082)
        1,719,646 
           
TOTAL EQUITIES
(Cost $299,354,179)
        381,158,147 
           
           
MUTUAL FUNDS — 1.0%          
Diversified Financial Services — 1.0%          
State Street Navigator Securities Lending Government Money Market Portfolio (f)   4,007,609    4,007,609 
           
TOTAL MUTUAL FUNDS
(Cost $4,007,609)
        4,007,609 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $303,361,788)
        385,165,756 
           
   Number of
Shares
    
SHORT-TERM INVESTMENTS — 3.0%          
Mutual Fund — 0.0%          
T. Rowe Price Treasury Reserve Fund  102   $102 
           
   Principal
Amount
    
Repurchase Agreement — 3.0%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (g)  $11,692,289   11,692,289 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $11,692,391)
        11,692,391 
           
TOTAL INVESTMENTS — 100.6%
(Cost $315,054,179) (h)
        396,858,147 
           
Other Assets/(Liabilities) — (0.6)%        (2,216,152) 
           
NET ASSETS — 100.0%       $394,641,995 

 

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, 2022, was $13,636,388 or 3.46% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $9,990,330 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 was valued using significant unobservable inputs.
(d) Restricted security. Certain securities are restricted as to resale. At March 31, 2022, these securities amounted to a value of $7,873,373 or 2.00% 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, 2022, these securities amounted to a value of $7,873,373 or 2.00% of net assets.
(f) Represents investment of security lending cash collateral. (Note 2).
(g) Maturity value of $11,692,289. Collateralized by U.S. Government Agency obligations with rates ranging from 0.375% - 0.500%, maturity dates ranging from 4/15/24 - 9/15/24, and an aggregate market value, including accrued interest, of $11,926,154.
(h) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.0%          
           
COMMON STOCK — 98.0%          
Basic Materials — 2.0%          
Chemicals — 0.9%          
Axalta Coating Systems Ltd. (a)   118,854   $2,921,431 
Forest Products & Paper — 1.1%          
Mondi PLC   201,670    3,909,615 
         6,831,046 
Communications — 2.9%          
Internet — 1.1%          
F5, Inc. (a)   18,034    3,768,204 
Media — 1.5%          
Fox Corp. Class B   141,752    5,142,763 
Telecommunications — 0.3%          
Juniper Networks, Inc.   25,966    964,897 
         9,875,864 
Consumer, Cyclical — 14.2%          
Airlines — 2.1%          
Southwest Airlines Co. (a)   158,823    7,274,093 
Auto Manufacturers — 1.2%          
Cummins, Inc.   8,010    1,642,931 
PACCAR, Inc.   28,341    2,495,992 
         4,138,923 
Auto Parts & Equipment — 2.0%          
Aptiv PLC (a)   2,820    337,582 
BorgWarner, Inc.   125,614    4,886,385 
Bridgestone Corp.   39,800    1,540,318 
         6,764,285 
Food Services — 1.0%          
Sodexo SA   41,783    3,392,068 
Leisure Time — 0.8%          
Polaris, Inc. (b)   25,359    2,670,810 
Retail — 7.1%          
Advance Auto Parts, Inc.   33,393    6,911,015 
Beacon Roofing Supply, Inc. (a)   42,948    2,545,957 
Cracker Barrel Old Country Store, Inc.   16,092    1,910,603 

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Dollar Tree, Inc. (a)   43,397   $6,950,030 
MSC Industrial Direct Co., Inc. Class A   69,404    5,913,915 
         24,231,520 
         48,471,699 
Consumer, Non-cyclical — 22.8%          
Commercial Services — 0.3%          
Euronet Worldwide, Inc. (a)   8,322    1,083,108 
Food — 7.0%          
Conagra Brands, Inc.   201,787    6,773,990 
General Mills, Inc.   35,887    2,430,268 
The J.M. Smucker Co.   17,896    2,423,297 
Kellogg Co.   34,773    2,242,511 
Koninklijke Ahold Delhaize NV   179,138    5,758,612 
Orkla ASA   247,867    2,204,364 
Sysco Corp.   23,367    1,907,915 
         23,740,957 
Health Care – Products — 6.3%          
Dentsply Sirona, Inc.   32,213    1,585,524 
Envista Holdings Corp. (a)   22,894    1,115,167 
Henry Schein, Inc. (a)   59,175    5,159,468 
Koninklijke Philips NV   60,846    1,857,628 
Zimmer Biomet Holdings, Inc.   90,844    11,618,948 
Zimvie, Inc. (a)   8,918    203,687 
         21,540,422 
Health Care – Services — 4.0%          
Humana, Inc.   2,414    1,050,500 
Quest Diagnostics, Inc.   45,342    6,205,506 
Universal Health Services, Inc. Class B   44,044    6,384,178 
         13,640,184 
Household Products & Wares — 1.4%          
Kimberly-Clark Corp.   39,718    4,891,669 
Pharmaceuticals — 3.8%          
AmerisourceBergen Corp.   16,955    2,623,108 
Becton Dickinson and Co.   12,910    3,434,060 
Cardinal Health, Inc.   71,756    4,068,565 
McKesson Corp.   9,257    2,833,846 
         12,959,579 
         77,855,919 
Energy — 5.9%          
Oil & Gas — 3.4%          
Devon Energy Corp.   101,291    5,989,337 
Pioneer Natural Resources Co.   22,376    5,594,671 
         11,584,008 

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Oil & Gas Services — 1.4%          
Baker Hughes Co.   135,208   $4,922,924 
Pipelines — 1.1%          
Enterprise Products Partners LP   142,599    3,680,480 
         20,187,412 
Financial — 25.7%          
Banks — 10.2%          
The Bank of New York Mellon Corp.   141,280    7,011,726 
Commerce Bancshares, Inc.   7,903    565,776 
First Hawaiian, Inc.   151,876    4,235,822 
M&T Bank Corp.   7,073    1,198,873 
Northern Trust Corp.   71,300    8,302,885 
Prosperity Bancshares, Inc.   66,360    4,604,057 
State Street Corp.   18,730    1,631,758 
Truist Financial Corp.   87,651    4,969,812 
Westamerica Bancorp.   35,827    2,167,533 
         34,688,242 
Diversified Financial Services — 2.1%          
Ameriprise Financial, Inc.   6,901    2,072,784 
T. Rowe Price Group, Inc.   34,942    5,282,881 
         7,355,665 
Insurance — 6.1%          
Aflac, Inc.   68,572    4,415,351 
The Allstate Corp.   49,430    6,846,550 
Chubb Ltd.   16,139    3,452,132 
Reinsurance Group of America, Inc.   54,478    5,963,162 
         20,677,195 
Real Estate Investment Trusts (REITS) — 6.9%          
Equinix, Inc.   5,447    4,039,604 
Essex Property Trust, Inc.   7,214    2,492,293 
Healthcare Trust of America, Inc. Class A   58,501    1,833,421 
Healthpeak Properties, Inc.   170,971    5,869,434 
MGM Growth Properties LLC Class A   90,961    3,520,191 
Regency Centers Corp.   60,632    4,325,487 
Weyerhaeuser Co.   36,624    1,388,050 
         23,468,480 
Savings & Loans — 0.4%          
Capitol Federal Financial, Inc.   126,975    1,381,488 
         87,571,070 
Industrial — 12.4%          
Aerospace & Defense — 1.0%          
BAE Systems PLC   186,168    1,754,905 
General Dynamics Corp.   6,674    1,609,635 
         3,364,540 

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Building Materials — 0.7%          
Cie de Saint-Gobain   42,858   $2,550,483 
Electrical Components & Equipment — 2.1%          
Emerson Electric Co.   71,848    7,044,696 
Electronics — 2.4%          
Hubbell, Inc.   7,947    1,460,420 
nVent Electric PLC   152,296    5,296,855 
TE Connectivity Ltd.   11,752    1,539,277 
         8,296,552 
Environmental Controls — 0.5%          
Republic Services, Inc.   12,540    1,661,550 
Hand & Machine Tools — 0.3%          
Stanley Black & Decker, Inc.   7,911    1,105,879 
Machinery – Construction & Mining — 1.2%          
Oshkosh Corp.   39,937    4,019,659 
Machinery – Diversified — 0.2%          
IMI PLC   48,245    859,835 
Packaging & Containers — 3.4%          
Amcor PLC   197,145    2,233,653 
Packaging Corp. of America   25,358    3,958,637 
Sonoco Products Co.   86,077    5,384,977 
         11,577,267 
Transportation — 0.6%          
Heartland Express, Inc.   138,412    1,947,457 
         42,427,918 
Technology — 5.0%          
Computers — 2.4%          
Amdocs Ltd.   37,257    3,062,898 
HP, Inc.   136,340    4,949,142 
         8,012,040 
Software — 2.6%          
CDK Global, Inc.   63,637    3,097,849 
Cerner Corp.   22,814    2,134,478 
Open Text Corp.   86,161    3,653,226 
         8,885,553 
         16,897,593 
Utilities — 7.1%          
Electric — 5.7%          
Edison International   92,343    6,473,244 
Evergy, Inc.   24,084    1,645,901 
Eversource Energy   21,317    1,879,946 
NorthWestern Corp. (b)   72,805    4,403,974 
Pinnacle West Capital Corp.   48,034    3,751,455 

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Xcel Energy, Inc.   16,774   $1,210,580 
         19,365,100 
Gas — 1.4%          
Atmos Energy Corp.   18,410    2,199,811 
Spire, Inc.   37,459    2,688,058 
         4,887,869 
         24,252,969 
           
TOTAL COMMON STOCK
(Cost $291,231,177)
        334,371,490 
           
TOTAL EQUITIES
(Cost $291,231,177)
        334,371,490 
           
           
MUTUAL FUNDS — 2.1%          
Diversified Financial Services — 2.1%          
iShares Russell Mid-Cap Value ETF (b)   58,477    6,996,188 
State Street Navigator Securities Lending Government Money Market Portfolio (c)   2,365    2,365 
         6,998,553 
           
TOTAL MUTUAL FUNDS
(Cost $6,816,952)
        6,998,553 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $298,048,129)
        341,370,043 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 2.0%          
Repurchase Agreement — 2.0%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (d)  $6,728,021   6,728,021 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $6,728,021)
        6,728,021 
           
TOTAL INVESTMENTS — 102.1%
(Cost $304,776,150) (e)
        348,098,064 
           
Other Assets/(Liabilities) — (2.1)%        (7,035,457) 
           
NET ASSETS — 100.0%       $341,062,607 

 

Abbreviation Legend

ETF Exchange-Traded Fund

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2022, was $5,941,045 or 1.74% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $6,059,322 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 $6,728,021. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $6,862,695.
(e) 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.  6/30/22  GBP  472,159   USD  $621,479   $(1,400) 
Bank of America N.A.  6/30/22  USD  6,381,263   GBP  4,818,775    52,840 
Bank of America N.A.  6/30/22  USD  1,301,499   JPY  156,666,730    11,458 
JP Morgan Chase Bank NA  6/30/22  USD  11,643,164   EUR  10,532,082    (48,224) 
UBS AG  6/30/22  USD  1,882,024   NOK  16,543,139    3,831
                    $18,505

 

Currency Legend

EUR Euro
GBP British Pound
JPY Japanese Yen
NOK Norwegian Krone
USD U.S. Dollar

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 95.2%          
           
COMMON STOCK — 95.2%          
Basic Materials — 1.4%          
Chemicals — 1.4%          
Cabot Corp.   21,125   $1,445,161 
Methanex Corp.   19,767    1,078,488 
         2,523,649 
         2,523,649 
Communications — 7.2%          
Internet — 5.1%          
Cargurus, Inc. (a)   68,108    2,891,866 
Criteo SA Sponsored ADR (a)   20,605    561,280 
Perficient, Inc. (a)   20,381    2,243,744 
The RealReal, Inc. (a)   9,864    71,613 
Revolve Group, Inc. (a)   24,080    1,292,855 
Shutterstock, Inc.   21,742    2,023,746 
         9,085,104 
Media — 0.6%          
The New York Times Co. Class A   21,944    1,005,913 
Telecommunications — 1.5%          
Calix, Inc. (a)   40,717    1,747,166 
Viavi Solutions, Inc. (a)   58,234    936,403 
         2,683,569 
         12,774,586 
Consumer, Cyclical — 9.2%          
Apparel — 1.4%          
Carter's, Inc.   4,784    440,080 
Crocs, Inc. (a)   8,781    670,868 
Deckers Outdoor Corp. (a)   1,205    329,893 
Steven Madden Ltd.   24,889    961,711 
         2,402,552 
Distribution & Wholesale — 0.6%          
WESCO International, Inc. (a)   7,676    998,955 
Entertainment — 0.4%          
Cinemark Holdings, Inc. (a)   45,588    787,761 
Food Services — 0.5%          
Sovos Brands, Inc. (a)   63,286    897,395 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Home Builders — 1.3%          
Cavco Industries, Inc. (a)   971   $233,865 
Skyline Champion Corp. (a)   38,533    2,114,691 
         2,348,556 
Leisure Time — 0.5%          
Acushnet Holdings Corp.   9,487    381,947 
Planet Fitness, Inc. Class A (a)   6,036    509,921 
         891,868 
Lodging — 0.5%          
Boyd Gaming Corp.   13,887    913,487 
Retail — 4.0%          
Denny's Corp. (a)   46,478    665,100 
Floor & Decor Holdings, Inc. Class A (a)   5,741    465,021 
Freshpet, Inc. (a)   7,154    734,287 
La-Z-Boy, Inc.   1,600    42,192 
National Vision Holdings, Inc. (a)   27,195    1,184,886 
Nu Skin Enterprises, Inc. Class A   19,372    927,531 
Patrick Industries, Inc.   12,181    734,514 
Rush Enterprises, Inc. Class A   18,503    941,988 
Victoria's Secret & Co. (a)   16,090    826,383 
Wingstop, Inc.   5,284    620,077 
         7,141,979 
         16,382,553 
Consumer, Non-cyclical — 22.0%          
Biotechnology — 4.9%          
Akero Therapeutics, Inc. (a)   13,017    184,711 
Amicus Therapeutics, Inc. (a)   80,285    760,299 
Apellis Pharmaceuticals, Inc. (a)   17,260    876,981 
BioAtla, Inc. (a)   5,675    28,375 
Blueprint Medicines Corp. (a)   7,271    464,471 
Celldex Therapeutics, Inc. (a)   13,567    462,092 
Crinetics Pharmaceuticals, Inc. (a)   7,350    161,332 
Fate Therapeutics, Inc. (a)   7,249    281,044 
ImmunoGen, Inc. (a)   46,857    223,039 
Intra-Cellular Therapies, Inc. (a)   7,129    436,224 
Karuna Therapeutics, Inc. (a)   3,715    471,025 
Kodiak Sciences, Inc. (a)   3,273    25,268 
Kymera Therapeutics, Inc. (a)   13,709    580,165 
Myriad Genetics, Inc. (a)   25,390    639,828 
NeoGenomics, Inc. (a)   19,086    231,895 
PTC Therapeutics, Inc. (a)   8,716    325,194 
RAPT Therapeutics, Inc. (a)   7,796    171,434 
Relay Therapeutics, Inc. (a)   12,825    383,852 
Revolution Medicines, Inc. (a)   19,020    485,200 
Rocket Pharmaceuticals, Inc. (a)   23,436    371,695 
Sage Therapeutics, Inc. (a)   5,800    191,980 
Turning Point Therapeutics, Inc. (a)   14,030    376,705 
Veracyte, Inc. (a)   21,538    593,803 
         8,726,612 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Commercial Services — 3.9%          
Chegg, Inc. (a) (b)   22,310   $809,407 
Cross Country Healthcare, Inc. (a)   30,121    652,722 
LiveRamp Holdings, Inc. (a)   17,169    641,949 
Mister Car Wash, Inc. (a)   50,286    743,730 
R1 RCM, Inc. (a)   56,625    1,515,285 
Repay Holdings Corp. (a)   36,295    536,077 
TriNet Group, Inc. (a)   20,619    2,028,085 
         6,927,255 
Cosmetics & Personal Care — 0.5%          
elf Beauty, Inc. (a)   33,160    856,523 
Food — 0.6%          
Performance Food Group Co. (a)   21,147    1,076,594 
Health Care – Products — 6.1%          
Glaukos Corp. (a)   15,039    869,555 
Globus Medical, Inc. Class A (a)   24,369    1,797,945 
Haemonetics Corp. (a)   15,565    984,019 
ICU Medical, Inc. (a)   3,226    718,237 
Inari Medical, Inc. (a)   10,300    933,592 
Inspire Medical Systems, Inc. (a)   7,025    1,803,247 
Integra LifeSciences Holdings Corp. (a)   16,889    1,085,287 
NanoString Technologies, Inc. (a)   21,294    739,966 
Omnicell, Inc. (a)   9,038    1,170,331 
Tandem Diabetes Care, Inc. (a)   6,736    783,329 
         10,885,508 
Health Care – Services — 2.4%          
Acadia Healthcare Co., Inc. (a)   14,404    943,894 
Amedisys, Inc. (a)   5,890    1,014,788 
LHC Group, Inc. (a)   13,751    2,318,419 
         4,277,101 
Household Products & Wares — 0.5%          
Spectrum Brands Holdings, Inc.   9,559    848,074 
Pharmaceuticals — 3.1%          
Aclaris Therapeutics, Inc. (a)   24,120    415,829 
Ascendis Pharma A/S ADR (a)   4,415    518,144 
BellRing Brands, Inc. (a)   26,465    610,812 
Covetrus, Inc. (a)   42,735    717,521 
Intellia Therapeutics, Inc. (a)   7,283    529,256 
Madrigal Pharmaceuticals, Inc. (a)   3,302    323,992 
Myovant Sciences Ltd. (a)   18,146    241,705 
Owens & Minor, Inc.   39,118    1,721,974 
Pacira BioSciences, Inc. (a)   5,357    408,846 
Y-mAbs Therapeutics, Inc. (a)   14,796    175,777 
         5,663,856 
         39,261,523 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Energy — 4.9%          
Energy – Alternate Sources — 1.3%          
Atlantica Sustainable Infrastructure PLC   27,830   $975,998 
First Solar, Inc. (a)   9,760    817,303 
Maxeon Solar Technologies Ltd. (a) (b)   31,738    459,566 
         2,252,867 
Oil & Gas — 3.6%          
Brigham Minerals, Inc. Class A   35,089    896,524 
Chesapeake Energy Corp. (b)   20,173    1,755,051 
Magnolia Oil & Gas Corp. Class A   65,525    1,549,666 
Viper Energy Partners LP (c)   41,473    1,226,356 
Whiting Petroleum Corp.   13,490    1,099,570 
         6,527,167 
         8,780,034 
Financial — 18.1%          
Banks — 5.3%          
Ameris Bancorp   46,638    2,046,475 
Atlantic Union Bankshares Corp.   26,519    972,982 
Cadence Bank   32,045    937,637 
First Interstate BancSystem, Inc. Class A   24,036    883,804 
National Bank Holdings Corp. Class A   22,852    920,478 
Seacoast Banking Corp. of Florida   32,283    1,130,551 
Simmons First National Corp. Class A   31,646    829,758 
Synovus Financial Corp.   19,142    937,958 
Western Alliance Bancorp   9,780    809,980 
         9,469,623 
Diversified Financial Services — 2.6%          
Air Lease Corp.   26,954    1,203,496 
Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)   37,549    1,780,949 
PRA Group, Inc. (a)   26,099    1,176,543 
StepStone Group, Inc. Class A   16,710    552,433 
         4,713,421 
Insurance — 2.5%          
Assured Guaranty Ltd.   22,604    1,438,971 
Kemper Corp.   14,258    806,147 
MGIC Investment Corp.   33,935    459,819 
Selective Insurance Group, Inc.   12,612    1,127,009 
SiriusPoint Ltd. (a)   76,696    573,686 
         4,405,632 
Real Estate — 0.6%          
McGrath RentCorp   13,357    1,135,078 
Real Estate Investment Trusts (REITS) — 7.1%          
Centerspace   9,888    970,211 
Essential Properties Realty Trust, Inc.   68,908    1,743,372 
Hudson Pacific Properties, Inc.   37,368    1,036,962 
Independence Realty Trust, Inc.   41,217    1,089,777 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Life Storage, Inc.   6,493   $911,812 
Pebblebrook Hotel Trust   39,497    966,887 
Phillips Edison & Co., Inc.   50,496    1,736,557 
PotlatchDeltic Corp.   18,187    959,001 
PS Business Parks, Inc.   7,004    1,177,232 
Ryman Hospitality Properties, Inc. (a)   11,016    1,021,954 
Xenia Hotels & Resorts, Inc. (a)   51,065    985,044 
         12,598,809 
         32,322,563 
Industrial — 18.5%          
Aerospace & Defense — 2.1%          
Curtiss-Wright Corp.   8,752    1,314,200 
Mercury Systems, Inc. (a)   19,515    1,257,742 
Spirit AeroSystems Holdings, Inc. Class A   25,489    1,246,157 
         3,818,099 
Building Materials — 0.5%          
Louisiana-Pacific Corp.   12,911    802,031 
Electrical Components & Equipment — 1.1%          
Acuity Brands, Inc.   5,854    1,108,162 
Novanta, Inc. (a)   5,943    845,630 
         1,953,792 
Electronics — 0.9%          
II-VI, Inc. (a) (b)   22,550    1,634,649 
Engineering & Construction — 1.6%          
Fluor Corp. (a) (b)   97,262    2,790,447 
Environmental Controls — 0.7%          
Clean Harbors, Inc. (a)   11,439    1,277,050 
Hand & Machine Tools — 1.3%          
Enerpac Tool Group Corp.   37,041    810,827 
Kennametal, Inc.   29,637    847,915 
Regal Rexnord Corp.   5,022    747,173 
         2,405,915 
Machinery – Diversified — 6.9%          
Albany International Corp. Class A   11,380    959,562 
Applied Industrial Technologies, Inc.   21,019    2,157,810 
Cactus, Inc. Class A   17,307    981,999 
Chart Industries, Inc. (a) (b)   7,190    1,235,026 
Colfax Corp. (a)   31,429    1,250,560 
Flowserve Corp.   26,464    950,058 
Kornit Digital Ltd. (a)   11,677    965,571 
The Middleby Corp. (a)   8,205    1,345,128 
SPX FLOW, Inc.   9,910    854,440 
Zurn Water Solutions Corp.   47,724    1,689,430 
         12,389,584 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Metal Fabricate & Hardware — 1.0%          
Helios Technologies, Inc.   22,331   $1,792,063 
Miscellaneous - Manufacturing — 0.4%          
John Bean Technologies Corp.   5,649    669,237 
Packaging & Containers — 0.7%          
Graphic Packaging Holding Co.   57,914    1,160,596 
Transportation — 0.6%          
Kirby Corp. (a)   14,062    1,015,136 
Trucking & Leasing — 0.7%          
GATX Corp.   10,648    1,313,218 
         33,021,817 
Technology — 12.8%          
Computers — 2.4%          
Rapid7, Inc. (a)   25,624    2,850,414 
Varonis Systems, Inc. (a)   29,110    1,383,889 
         4,234,303 
Semiconductors — 3.7%          
Ambarella, Inc. (a)   4,697    492,809 
Cirrus Logic, Inc. (a)   3,800    322,202 
FormFactor, Inc. (a)   25,320    1,064,200 
MKS Instruments, Inc.   4,691    703,650 
Power Integrations, Inc.   10,617    983,983 
Synaptics, Inc. (a)   10,646    2,123,877 
Tower Semiconductor Ltd. (a) (b)   21,309    1,031,356 
         6,722,077 
Software — 6.7%          
Cardlytics, Inc. (a) (b)   17,814    979,414 
Concentrix Corp.   6,322    1,052,992 
Digital Turbine, Inc. (a)   24,529    1,074,616 
Five9, Inc. (a)   10,206    1,126,742 
Health Catalyst, Inc. (a)   18,284    477,761 
Jamf Holding Corp. (a) (b)   71,366    2,484,250 
Manhattan Associates, Inc. (a)   5,360    743,486 
New Relic, Inc. (a)   22,037    1,473,835 
Olo, Inc. Class A (a)   9,783    129,625 
Verra Mobility Corp. (a)   85,960    1,399,429 
Ziff Davis, Inc. (a)   10,216    988,704 
         11,930,854 
         22,887,234 
Utilities — 1.1%          
Electric — 0.7%          
Portland General Electric Co.   21,290    1,174,144 
Gas — 0.4%          
ONE Gas, Inc.   9,100    802,984 

 

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
        $1,977,128 
           
TOTAL COMMON STOCK
(Cost $152,730,204)
        169,931,087 
           
TOTAL EQUITIES
(Cost $152,730,204)
        169,931,087 
           
MUTUAL FUNDS — 2.5%          
           
Diversified Financial Services — 2.5%          
iShares Russell 2000 Growth ETF   8,691   2,222,723 
State Street Navigator Securities Lending Government Money Market Portfolio (d)   2,243,726    2,243,726 
         4,466,449 
           
TOTAL MUTUAL FUNDS
(Cost $4,354,190)
        4,466,449 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $157,084,394)
        174,397,536 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 2.8%          
Repurchase Agreement — 2.8%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (e)  $5,058,325   5,058,325 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,058,325)
        5,058,325 
           
TOTAL INVESTMENTS — 100.5%
(Cost $162,142,719) (f)
        179,455,861 
           
Other Assets/(Liabilities) — (0.5)%        (979,565) 
           
NET ASSETS — 100.0%       $178,476,296 

 

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, 2022, was $13,106,873 or 7.34% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $11,221,198 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) Security is a Master Limited Partnership.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $5,058,325. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $5,159,607.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Small Company Value Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.3%          
           
COMMON STOCK — 99.3%          
Basic Materials — 1.0%          
Chemicals — 1.0%          
Minerals Technologies, Inc.   14,114   $933,641 
Communications — 1.3%          
Advertising — 0.8%          
Entravision Communications Corp. Class A   115,620    741,124 
Internet — 0.3%          
Solo Brands, Inc. Class A (a) (b)   26,760    228,263 
Media — 0.2%          
Townsquare Media, Inc. Class A (a)   12,543    160,425 
         1,129,812 
Consumer, Cyclical — 17.9%          
Apparel — 2.0%          
Tapestry, Inc.   48,313    1,794,828 
Distribution & Wholesale — 1.3%          
A-Mark Precious Metals, Inc.   6,509    503,406 
KAR Auction Services, Inc. (a)   40,262    726,729 
         1,230,135 
Entertainment — 1.1%          
Accel Entertainment, Inc. (a)   57,023    694,540 
Penn National Gaming, Inc. (a)   8,457    358,746 
         1,053,286 
Food Services — 0.5%          
Healthcare Services Group, Inc.   23,068    428,373 
Home Builders — 1.4%          
Skyline Champion Corp. (a)   22,821    1,252,416 
Leisure Time — 3.4%          
Brunswick Corp.   19,072    1,542,734 
Malibu Boats, Inc. Class A (a)   15,258    885,117 
OneWater Marine, Inc. Class A   20,731    714,183 
         3,142,034 
Lodging — 0.4%          
Boyd Gaming Corp.   5,401    355,278 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Retail — 7.3%          
Beacon Roofing Supply, Inc. (a)   24,057   $1,426,099 
Dave & Buster's Entertainment, Inc. (a)   21,493    1,055,307 
GMS, Inc. (a)   18,590    925,224 
MarineMax, Inc. (a)   23,178    933,146 
Penske Automotive Group, Inc.   20,508    1,922,010 
Red Robin Gourmet Burgers, Inc. (a)   25,507    430,048 
         6,691,834 
Textiles — 0.5%          
UniFirst Corp.   2,298    423,475 
         16,371,659 
Consumer, Non-cyclical — 15.8%          
Commercial Services — 9.2%          
AMN Healthcare Services, Inc. (a)   5,615    585,813 
Barrett Business Services, Inc.   6,103    472,800 
The Brink's Co.   28,095    1,910,460 
Deluxe Corp.   34,068    1,030,216 
Euronet Worldwide, Inc. (a)   3,158    411,014 
EVERTEC, Inc.   43,966    1,799,528 
Korn Ferry   22,211    1,442,382 
Loomis AB   26,397    721,746 
         8,373,959 
Cosmetics & Personal Care — 1.5%          
Edgewell Personal Care Co.   38,595    1,415,279 
Health Care – Products — 2.0%          
Patterson Cos., Inc.   36,866    1,193,352 
Varex Imaging Corp. (a)   21,217    451,710 
Zimvie, Inc.   8,405    191,970 
         1,837,032 
Health Care – Services — 0.4%          
National HealthCare Corp.   4,934    346,515 
Household Products & Wares — 2.7%          
Spectrum Brands Holdings, Inc.   27,555    2,444,679 
         14,417,464 
Energy — 2.2%          
Energy – Alternate Sources — 0.8%          
Enviva, Inc.   9,077    718,444 
Oil & Gas — 0.2%          
Earthstone Energy, Inc. Class A (a) (b)   13,152    166,110 
Oil & Gas Services — 1.2%          
ChampionX Corp. (a)   45,954    1,124,954 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
NCS Multistage Holdings, Inc. (a)   479   $23,979 
         1,148,933 
         2,033,487 
Financial — 32.2%          
Banks — 18.9%          
Ameris Bancorp   24,173    1,060,711 
BankUnited, Inc.   32,764    1,440,305 
ConnectOne Bancorp, Inc.   13,278    425,029 
CVB Financial Corp.   9,989    231,845 
F.N.B. Corp.   119,177    1,483,754 
First BanCorp   96,491    1,265,962 
First Hawaiian, Inc.   2,000    55,780 
First Mid Bancshares, Inc.   4,750    182,828 
Home BancShares, Inc.   48,171    1,088,665 
Independent Bank Corp.   7,709    629,748 
Independent Bank Group, Inc.   12,165    865,661 
Old National Bancorp   88,693    1,452,791 
Origin Bancorp, Inc.   9,679    409,325 
Premier Financial Corp.   11,149    338,149 
QCR Holdings, Inc.   4,537    256,749 
SouthState Corp.   18,730    1,528,181 
Towne Bank   13,495    404,040 
UMB Financial Corp.   14,442    1,403,185 
Valley National Bancorp   141,169    1,838,020 
Veritex Holdings, Inc.   24,493    934,898 
         17,295,626 
Diversified Financial Services — 0.4%          
Enact Holdings, Inc.   16,098    358,180 
Insurance — 2.9%          
Axis Capital Holdings Ltd.   30,565    1,848,265 
James River Group Holdings Ltd.   8,478    209,746 
ProAssurance Corp.   23,986    644,744 
         2,702,755 
Investment Companies — 1.9%          
Compass Diversified Holdings (b)   73,522    1,747,618 
Private Equity — 0.3%          
Patria Investments Ltd.   14,611    260,222 
Real Estate Investment Trusts (REITS) — 6.1%          
Brandywine Realty Trust   61,986    876,482 
CareTrust REIT, Inc.   30,106    581,046 
Cousins Properties, Inc.   9,967    401,570 
Easterly Government Properties, Inc.   18,296    386,777 
Four Corners Property Trust, Inc.   27,797    751,631 
Getty Realty Corp.   13,614    389,633 
Healthcare Realty Trust, Inc.   5,162    141,852 
Highwoods Properties, Inc.   8,629    394,690 
Kite Realty Group Trust   16,692    380,077 
National Health Investors, Inc. (b)   8,711    514,036 
Physicians Realty Trust   14,530    254,856 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Sabra Health Care REIT, Inc.   16,138   $240,295 
Summit Hotel Properties, Inc. (a)   23,537    234,429 
         5,547,374 
Savings & Loans — 1.7%          
Pacific Premier Bancorp, Inc.   32,382    1,144,704 
Provident Financial Services, Inc.   17,459    408,540 
         1,553,244 
         29,465,019 
Industrial — 21.3%          
Building Materials — 2.3%          
Cornerstone Building Brands, Inc. (a)   30,243    735,510 
Mohawk Industries, Inc. (a)   4,627    574,673 
Tecnoglass, Inc.   32,699    825,323 
         2,135,506 
Electrical Components & Equipment — 0.9%          
Belden, Inc.   13,962    773,495 
Graham Corp.   10,695    82,458 
         855,953 
Electronics — 6.9%          
Advanced Energy Industries, Inc.   3,640    313,331 
Avnet, Inc.   38,380    1,557,844 
Coherent, Inc. (a)   4,550    1,243,788 
II-VI, Inc. (a) (b)   32,433    2,351,068 
Vontier Corp.   31,929    810,678 
         6,276,709 
Engineering & Construction — 1.6%          
Arcosa, Inc.   4,762    272,625 
Dycom Industries, Inc. (a)   12,150    1,157,409 
         1,430,034 
Environmental Controls — 0.4%          
CECO Environmental Corp. (a)   30,698    168,532 
Charah Solutions, Inc. (a) (b)   32,498    162,165 
         330,697 
Hand & Machine Tools — 0.2%          
Luxfer Holdings PLC   10,888    182,918 
Machinery – Diversified — 3.5%          
Albany International Corp. Class A   859    72,431 
Colfax Corp. (a)   39,231    1,561,001 
DXP Enterprises, Inc. (a)   17,396    471,258 
Gates Industrial Corp. PLC (a)   76,265    1,148,551 
         3,253,241 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Metal Fabricate & Hardware — 2.4%          
The Timken Co.   36,092   $2,190,785 
Miscellaneous - Manufacturing — 0.1%          
DIRTT Environmental Solutions (a) (b)   64,423    87,615 
Packaging & Containers — 3.0%          
Graphic Packaging Holding Co.   90,890    1,821,436 
Karat Packaging, Inc. (a)   6,249    124,043 
Pactiv Evergreen, Inc.   79,608    800,856 
         2,746,335 
         19,489,793 
Technology — 6.5%          
Computers — 0.4%          
KBR, Inc.   6,754    369,646 
Semiconductors — 2.0%          
Cohu, Inc. (a)   11,843    350,553 
Kulicke & Soffa Industries, Inc. (b)   26,236    1,469,741 
         1,820,294 
Software — 4.1%          
Avaya Holdings Corp. (a)   73,790    934,919 
Donnelley Financial Solutions, Inc. (a)   27,120    902,011 
IBEX Holdings Ltd. (a) (b)   13,734    218,920 
Teradata Corp. (a)   33,240    1,638,400 
         3,694,250 
         5,884,190 
Utilities — 1.1%          
Electric — 0.3%          
PNM Resources, Inc.   5,932    282,778 
Gas — 0.8%          
Northwest Natural Holding Co.   3,556    183,917 
South Jersey Industries, Inc.   7,944    274,465 
Southwest Gas Holdings, Inc.   3,556    278,399 
         736,781 
         1,019,559 
           
TOTAL COMMON STOCK
(Cost $94,256,113)
        90,744,624 
           
TOTAL EQUITIES
(Cost $94,256,113)
        90,744,624 
           
           
MUTUAL FUNDS — 2.3%          
Diversified Financial Services — 2.3%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   2,055,914    2,055,914 

 

 

 

 

MML Small Company Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
TOTAL MUTUAL FUNDS
(Cost $2,055,914)
       $2,055,914 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $96,312,027)
        92,800,538 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.8%          
           
Repurchase Agreement — 0.8%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (d)  $773,980   773,980 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $773,980)
        773,980 
           
TOTAL INVESTMENTS — 102.4%
(Cost $97,086,007) (e)
        93,574,518 
           
Other Assets/(Liabilities) — (2.4)%        (2,151,175) 
           
NET ASSETS — 100.0%       $91,423,343 

 

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, 2022, was $6,279,766 or 6.87% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $4,443,419 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 $773,980. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $789,560.
(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  6/30/22  USD  644,132   SEK  6,073,818   $(3,333) 
UBS AG  6/30/22  SEK  296,174   USD  31,525    47
                    $(3,286)

 

Currency Legend

SEK Swedish Krona
USD U.S. Dollar

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.9%          
           
COMMON STOCK — 99.9%          
Basic Materials — 3.7%          
Chemicals — 1.7%          
Huntsman Corp.   38,350   $1,438,508 
Innospec, Inc.   11,993    1,109,952 
Orion Engineered Carbons SA   9,536    152,290 
Trinseo PLC   1,373    65,794 
         2,766,544 
Iron & Steel — 2.0%          
Carpenter Technology Corp.   38,348    1,609,849 
Reliance Steel & Aluminum Co.   9,025    1,654,734 
         3,264,583 
         6,031,127 
Communications — 1.0%          
Internet — 1.0%          
Criteo SA Sponsored ADR (a)   61,771    1,682,642 
Consumer, Cyclical — 17.2%          
Airlines — 0.8%          
SkyWest, Inc. (a)   44,837    1,293,547 
Apparel — 4.1%          
Carter's, Inc.   24,218    2,227,814 
Kontoor Brands, Inc.   25,717    1,063,398 
Ralph Lauren Corp.   16,110    1,827,518 
Tapestry, Inc.   40,840    1,517,206 
         6,635,936 
Auto Parts & Equipment — 1.9%          
Dana, Inc.   57,103    1,003,300 
The Goodyear Tire & Rubber Co. (a)   145,570    2,080,195 
         3,083,495 
Entertainment — 0.8%          
Scientific Games Corp. Class A (a)   21,270    1,249,613 
Home Builders — 2.8%          
KB Home   44,130    1,428,929 
PulteGroup, Inc.   48,990    2,052,681 
Taylor Morrison Home Corp. (a)   41,534    1,130,556 
         4,612,166 

 

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Home Furnishing — 1.0%          
MillerKnoll, Inc.   49,590   $1,713,830 
Lodging — 1.3%          
Hilton Grand Vacations, Inc. (a)   39,910    2,075,719 
Retail — 4.5%          
Dine Brands Global, Inc.   26,441    2,061,076 
Papa John's International, Inc.   17,911    1,885,670 
Sally Beauty Holdings, Inc. (a)   104,090    1,626,927 
Williams-Sonoma, Inc.   12,841    1,861,945 
         7,435,618 
         28,099,924 
Consumer, Non-cyclical — 14.9%          
Commercial Services — 5.8%          
ADT, Inc.   220,730    1,675,341 
Herc Holdings, Inc.   14,510    2,424,476 
Korn Ferry   19,562    1,270,356 
Robert Half International, Inc.   18,032    2,058,894 
WillScot Mobile Mini Holdings Corp. (a)   52,540    2,055,890 
         9,484,957 
Food — 2.4%          
The Hain Celestial Group, Inc. (a)   59,775    2,056,260 
Nomad Foods Ltd. (a)   84,857    1,916,071 
         3,972,331 
Health Care – Products — 2.3%          
Envista Holdings Corp. (a)   38,340    1,867,541 
Integra LifeSciences Holdings Corp. (a)   29,160    1,873,822 
         3,741,363 
Health Care – Services — 4.4%          
Acadia Healthcare Co., Inc. (a)   37,040    2,427,231 
MEDNAX, Inc. (a)   95,610    2,244,923 
Syneos Health, Inc. (a)   30,360    2,457,642 
         7,129,796 
         24,328,447 
Energy — 3.0%          
Oil & Gas — 3.0%          
Coterra Energy, Inc.   89,661    2,418,157 
HF Sinclair Corp.   60,285    2,402,357 
         4,820,514 
         4,820,514 
Financial — 27.1%          
Banks — 12.8%          
BankUnited, Inc.   43,639    1,918,370 

 

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Comerica, Inc.   25,120   $2,271,602 
First BanCorp   52,719    691,673 
First Citizens BancShares, Inc. Class A   3,539    2,355,558 
First Hawaiian, Inc.   72,120    2,011,427 
Synovus Financial Corp.   44,414    2,176,286 
Texas Capital Bancshares, Inc. (a)   33,268    1,906,589 
Umpqua Holdings Corp.   73,238    1,381,269 
Webster Financial Corp.   37,379    2,097,709 
Wintrust Financial Corp.   20,090    1,866,964 
Zions Bancorp NA   33,578    2,201,374 
         20,878,821 
Diversified Financial Services — 2.1%          
Moelis & Co. Class A   36,806    1,728,042 
Stifel Financial Corp.   24,850    1,687,315 
         3,415,357 
Insurance — 4.2%          
American Financial Group, Inc.   12,668    1,844,714 
The Hanover Insurance Group, Inc.   13,598    2,033,173 
Kemper Corp.   25,500    1,441,770 
Selective Insurance Group, Inc.   17,507    1,564,426 
         6,884,083 
Real Estate Investment Trusts (REITS) — 8.0%          
American Campus Communities, Inc.   31,732    1,776,040 
Broadstone Net Lease, Inc.   71,390    1,554,874 
Camden Property Trust   15,758    2,618,980 
Cousins Properties, Inc.   46,070    1,856,160 
CubeSmart   28,314    1,473,177 
Physicians Realty Trust   124,753    2,188,168 
STAG Industrial, Inc.   40,992    1,695,019 
         13,162,418 
         44,340,679 
Industrial — 22.8%          
Aerospace & Defense — 1.3%          
Spirit AeroSystems Holdings, Inc. Class A   44,670    2,183,916 
Building Materials — 0.8%          
Masonite International Corp. (a)   14,691    1,306,618 
Electrical Components & Equipment — 0.8%          
Belden, Inc.   24,734    1,370,264 
Electronics — 2.2%          
Avnet, Inc.   47,576    1,931,110 
Sensata Technologies Holding PLC (a)   34,290    1,743,646 
         3,674,756 
Engineering & Construction — 4.0%          
AECOM   37,900    2,911,099 
Arcosa, Inc.   22,255    1,274,099 

 

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Dycom Industries, Inc. (a)   23,870   $2,273,856 
         6,459,054 
Hand & Machine Tools — 1.6%          
Regal Rexnord Corp.   17,230    2,563,479 
Machinery – Construction & Mining — 2.1%          
Oshkosh Corp.   16,791    1,690,014 
Vertiv Holdings Co.   126,890    1,776,460 
         3,466,474 
Machinery – Diversified — 2.2%          
Applied Industrial Technologies, Inc.   14,500    1,488,570 
Cactus, Inc. Class A   37,770    2,143,070 
         3,631,640 
Metal Fabricate & Hardware — 0.9%          
The Timken Co.   23,740    1,441,018 
Packaging & Containers — 2.3%          
Berry Global Group, Inc. (a)   33,670    1,951,514 
Sealed Air Corp.   26,020    1,742,299 
         3,693,813 
Transportation — 3.8%          
Kirby Corp. (a)   31,060    2,242,221 
Knight-Swift Transportation Holdings, Inc.   34,863    1,759,187 
XPO Logistics, Inc. (a)   29,240    2,128,672 
         6,130,080 
Trucking & Leasing — 0.8%          
GATX Corp.   10,460    1,290,032 
         37,211,144 
Technology — 7.7%          
Computers — 1.9%          
Genpact Ltd.   23,000    1,000,730 
Lumentum Holdings, Inc. (a)   21,590    2,107,184 
         3,107,914 
Semiconductors — 2.1%          
Kulicke & Soffa Industries, Inc. (b)   18,722    1,048,807 
ON Semiconductor Corp. (a)   38,940    2,438,033 
         3,486,840 
Software — 3.7%          
ACI Worldwide, Inc. (a)   58,370    1,838,071 
Change Healthcare, Inc. (a)   105,500    2,299,900 

 

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
CommVault Systems, Inc. (a)   27,696   $1,837,630 
         5,975,601 
         12,570,355 
Utilities — 2.5%          
Electric — 1.6%          
IDACORP, Inc.   23,001    2,653,396 
Gas — 0.9%          
Southwest Gas Holdings, Inc.   18,780    1,470,286 
         4,123,682 
           
TOTAL COMMON STOCK
(Cost $138,457,254)
        163,208,514 
           
TOTAL EQUITIES
(Cost $138,457,254)
        163,208,514 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $138,457,254)
        163,208,514 
           
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.5%          
Repurchase Agreement — 0.5%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (c)  $849,870   849,870 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $849,870)
        849,870 
           
TOTAL INVESTMENTS — 100.4%
(Cost $139,307,124) (d)
        164,058,384 
           
Other Assets/(Liabilities) — (0.4)%        (609,155) 
           
NET ASSETS — 100.0%       $163,449,229 

 

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, 2022, was $1,047,356 or 0.64% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $1,096,351 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 $849,870. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $866,952.
(d) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments

 

March 31, 2022 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 0.1%          
           
COMMON STOCK — 0.1%          
Communications — 0.1%          
Telecommunications — 0.1%          
Intelsat Emergence SA   7,210   $209,991 
           
TOTAL COMMON STOCK
(Cost $676,994)
        209,991 
           
TOTAL EQUITIES
(Cost $676,994)
        209,991 
           
           
   Principal
Amount
    
BONDS & NOTES — 115.9%          
BANK LOANS — 2.0%          
Aerospace & Defense — 0.0%          
TransDigm, Inc., 2020 Term Loan E, 1 mo. USD LIBOR + 2.250%          
2.707% VRN 5/30/25  $48,875    47,943 
Airlines — 0.0%          
American Airlines, Inc., 2017 1st Lien Term Loan, 1 mo. USD LIBOR + 1.750%          
2.197% VRN 1/29/27   34,152    31,861 
Auto Parts & Equipment — 0.1%          
Clarios Global LP, 2021 USD Term Loan B, 1 mo. USD LIBOR + 3.250%          
3.707% VRN 4/30/26   194,908    192,228 
Beverages — 0.0%          
Naked Juice LLC          
Term Loan, SOFR + 3.250%          
3.315% VRN 1/24/29   134,337    131,938 
Delayed Draw Term Loan, SOFR + 3.250%          
3.315% VRN 1/24/29   7,750    7,612 
         139,550 
Chemicals — 0.0%          
Zep, Inc., 2017 1st Lien Term Loan, 3 mo. USD LIBOR + 4.000%          
5.000% VRN 8/12/24   91,842    87,250 
Commercial Services — 0.0%          
Spin Holdco, Inc., 2021 Term Loan, 3 mo. USD LIBOR + 4.000%          
4.750% VRN 3/04/28   99,250    98,368 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Diversified Financial Services — 0.1%          
Setanta Aircraft Leasing Designated Activity Company, Term Loan B, 3 mo. USD LIBOR + 2.000%          
3.006% VRN 11/05/28  $375,000   $369,064 
Environmental Controls — 0.0%          
GFL Environmental, Inc., 2020 Term Loan, 3 mo. USD LIBOR + 3.000%          
3.500% VRN 5/30/25   67,528    67,190 
Food — 0.0%          
Hostess Brands LLC, 2019 Term Loan, 3 mo. USD LIBOR + 2.250%          
3.000% VRN 8/03/25   127,394    125,596 
Health Care – Products — 0.2%          
Avantor Funding, Inc., 2021 Term Loan B5, 1 mo. USD LIBOR + 2.250%          
2.750% VRN 11/08/27   247,506    245,251 
Medline Borrower LP, USD Term Loan B, 1 mo. USD LIBOR + 3.250%          
3.750% - —% VRN 10/23/28 (a)   250,000    247,375 
         492,626 
Insurance — 0.2%          
Acrisure LLC, 2020 Term Loan B, 1 mo. USD LIBOR + 3.500%          
3.957% VRN 2/15/27   99,746    98,166 
AmWINS Group, Inc., 2021 Term Loan B, 1 mo. USD LIBOR + 2.250%          
3.000% VRN 2/19/28   494,199    485,551 
         583,717 
Internet — 0.1%          
NortonLifeLock, Inc., 2022 Term Loan B,          
0.000% - —% 1/28/29 (a)   250,000    246,668 
Lodging — 0.0%          
Caesars Resort Collection LLC, 2017 1st Lien Term Loan B, 1 mo. USD LIBOR + 2.750%          
3.207% VRN 12/23/24   456    454 
Media — 0.2%          
Diamond Sports Group LLC          
Term Loan, SOFR + 3.250%          
3.545% VRN 8/24/26   64,505    21,811 
Term Loan, SOFR + 8.000%          
9.000% VRN 5/26/26   105,063    106,391 
DirecTV Financing LLC, Term Loan, 3 mo. USD LIBOR + 5.000%          
5.750% VRN 8/02/27   162,350    161,991 
Sinclair Television Group, Inc., 2021 Term Loan B3, 1 mo. USD LIBOR + 3.000%          
3.460% VRN 4/01/28   148,875    145,061 
Virgin Media Bristol LLC, USD Term Loan N, 3 mo. USD LIBOR + 2.500%          
2.897% VRN 1/31/28   275,000    271,263 
         706,517 
Packaging & Containers — 0.1%          
Berry Global, Inc., 2021 Term Loan Z, 1 mo. USD LIBOR + 1.750%          
2.071% VRN 7/01/26   151,015    148,678 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Pharmaceuticals — 0.6%          
Change Healthcare Holdings LLC, 2017 Term Loan B, 1 mo. USD LIBOR + 2.500%          
3.500% VRN 3/01/24  $43,501   $43,207 
Elanco Animal Health, Inc., Term Loan B, 1 mo. USD LIBOR + 1.750%          
1.981% VRN 8/01/27   402,486    395,567 
Endo Luxembourg Finance Company I SARL, 2021 Term Loan, 1 mo. USD LIBOR + 5.000%          
5.750% VRN 3/27/28   480,159    448,699 
Gainwell Acquisition Corp., Term Loan B, 3 mo. USD LIBOR + 4.000%          
5.006% VRN 10/01/27   99,747    99,498 
Grifols Worldwide Operations USA, Inc., USD 2019 Term Loan B, 1 mo. USD LIBOR + 2.000%          
2.457% VRN 11/15/27   280,004    274,964 
Horizon Therapeutics USA, Inc., 2021 Term Loan B2, 1 mo. USD LIBOR + 1.750%          
2.250% VRN 3/15/28   372,188    368,001 
ICON Luxembourg S.A.R.L.          
US Term Loan, 3 mo. USD LIBOR + 2.250%          
3.313% VRN 7/03/28   30,749    30,576 
LUX Term Loan, 3 mo. USD LIBOR + 2.250%          
3.313% VRN 7/03/28   123,414    122,720 
Jazz Financing Lux S.A.R.L., USD Term Loan, 1 mo. USD LIBOR + 3.500%          
4.000% VRN 5/05/28   148,875    148,187 
Organon & Co, USD Term Loan, 3 mo. USD LIBOR + 3.000%          
3.563% VRN 6/02/28   265,146    263,489 
         2,194,908 
Retail — 0.1%          
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD LIBOR + 4.250%          
5.256% VRN 4/15/28   238,200    222,948 
Whatabrands LLC, 2021 Term Loan B, 1 mo. USD LIBOR + 3.250%          
3.750% - —% VRN 8/03/28 (a)   225,000    222,048 
         444,996 
Software — 0.1%          
Athenahealth, Inc.          
2022 Term Loan B, 1 mo. SOFR + 3.500%          
0.000%VRN2/15/29 (a)   213,768    211,149 
2022 Delayed Draw Term Loan, 3 mo. SOFR + 0.000%          
0.000%VRN2/15/29 (a) (b)   36,232    35,788 
         246,937 
Telecommunications — 0.2%          
Level 3 Financing, Inc., 2019 Term Loan B, 1 mo. USD LIBOR + 1.750%          
2.207% VRN 3/01/27   600,000    588,186 
           
TOTAL BANK LOANS
(Cost $6,890,723)
        6,812,737 
           
CORPORATE DEBT — 29.6%          
Aerospace & Defense — 0.2%          
The Boeing Co.          
1.167% 2/04/23   660,000    654,789 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Agriculture — 0.8%          
BAT Capital Corp.          
4.390% 8/15/37  $400,000   $372,041 
4.540% 8/15/47   1,050,000    936,573 
5.650% 3/16/52   215,000    218,011 
Imperial Brands Finance PLC          
3.125% 7/26/24 (c)   320,000    317,288 
3.500% 7/26/26 (c)   225,000    220,363 
Imperial Tobacco Finance PLC          
4.250% 7/21/25 (c)   415,000    418,709 
Reynolds American, Inc.          
5.850% 8/15/45   315,000    322,419 
         2,805,404 
Airlines — 0.0%          
Northwest Airlines Pass-Through Trust          
7.041% 10/01/23   12,371    12,370 
Auto Manufacturers — 0.2%          
General Motors Financial Co., Inc.          
3.150% 6/30/22   550,000    551,362 
3.450% 4/10/22   105,000    105,036 
         656,398 
Banks — 9.7%          
Bank of America Corp.          
SOFR + .910% 1.658% VRN 3/11/27   1,305,000    1,217,981 
SOFR + 1.060% 2.087% VRN 6/14/29   1,000,000    915,155 
SOFR + 1.320% 2.687% VRN 4/22/32   120,000    110,372 
SOFR + 1.330% 2.972% VRN 2/04/33   670,000    628,691 
3 mo. USD LIBOR + .790% 3.004% VRN 12/20/23   1,180,000    1,183,295 
3 mo. USD LIBOR + .970% 3.458% VRN 3/15/25   415,000    417,801 
3 mo. USD LIBOR + 1.070% 3.970% VRN 3/05/29   485,000    493,226 
Citigroup, Inc.          
SOFR + .528% 1.281% VRN 11/03/25   420,000    399,835 
SOFR + .770% 1.462% VRN 6/09/27   725,000    666,702 
SOFR + 1.167% 2.561% VRN 5/01/32   200,000    180,380 
SOFR + 1.351% 3.057% VRN 1/25/33   505,000    473,293 
SOFR + 1.280% 3.070% VRN 2/24/28   190,000    185,474 
SOFR + 2.842% 3.106% VRN 4/08/26   335,000    332,523 
SOFR + 1.939% 3.785% VRN 3/17/33   490,000    487,410 
Credit Suisse Group AG          
SOFR + .980% 1.305% VRN 2/02/27 (c)   495,000    442,726 
SOFR + 2.044% 2.193% VRN 6/05/26 (c)   590,000    553,955 
SOFR + 1.560% 2.593% VRN 9/11/25 (c)   420,000    406,084 
SOFR + 1.730% 3.091% VRN 5/14/32 (c)   405,000    365,320 
4.282% 1/09/28 (c)   65,000    65,017 
DNB Bank ASA 1 year CMT + .680%          
1.605% VRN 3/30/28 (c)   635,000    574,353 
The Goldman Sachs Group, Inc.          
SOFR + .486% 0.925% VRN 10/21/24   415,000    402,493 
1.217% 12/06/23   1,030,000    1,005,730 
SOFR + .798% 1.431% VRN 3/09/27   500,000    461,850 
SOFR + .818% 1.542% VRN 9/10/27   1,450,000    1,327,028 
SOFR + .913% 1.948% VRN 10/21/27   125,000    116,332 
SOFR + 1.410% 3.102% VRN 2/24/33   705,000    664,603 
3.200% 2/23/23   145,000    146,319 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
3 mo. USD LIBOR + 1.201% 3.272% VRN 9/29/25  $325,000   $325,372 
3.500% 4/01/25   115,000    115,982 
HSBC Holdings PLC          
SOFR + .708% 0.976% VRN 5/24/25   505,000    479,798 
SOFR + 1.732% 2.013% VRN 9/22/28   1,080,000    980,912 
SOFR + 1.285% 2.206% VRN 8/17/29   610,000    549,723 
SOFR + 1.187% 2.804% VRN 5/24/32   365,000    332,565 
3 mo. USD LIBOR + 1.211% 3.803% VRN 3/11/25   110,000    110,596 
JP Morgan Chase & Co.          
SOFR + .580% 0.697% VRN 3/16/24   165,000    161,908 
SOFR + .490% 0.768% VRN 8/09/25   255,000    241,918 
3 mo. TSFR + .580% 0.969% VRN 6/23/25   1,060,000    1,012,884 
SOFR + .885% 1.578% VRN 4/22/27   500,000    466,279 
SOFR + 1.015% 2.069% VRN 6/01/29   250,000    230,819 
SOFR + 1.180% 2.545% VRN 11/08/32   200,000    182,777 
SOFR + 1.250% 2.580% VRN 4/22/32   180,000    164,931 
SOFR + 1.170% 2.947% VRN 2/24/28 (d)   250,000    244,329 
2.950% 10/01/26   895,000    889,284 
SOFR + 1.260% 2.963% VRN 1/25/33   390,000    367,730 
Lloyds Banking Group PLC          
1 year CMT + .850% 1.627% VRN 5/11/27 (d)   515,000    472,834 
3 mo. USD LIBOR + 1.205% 3.574% VRN 11/07/28   520,000    508,771 
1 year CMT + 1.800% 3.750% VRN 3/18/28   200,000    199,707 
1 year CMT + 3.500% 3.870% VRN 7/09/25   220,000    222,499 
Macquarie Group Ltd.          
SOFR + 1.532% 2.871% VRN 1/14/33 (c)   1,045,000    927,648 
4.442% 6/21/33 (c)   240,000    242,664 
Morgan Stanley          
SOFR + .509% 0.791% VRN 1/22/25   285,000    273,775 
SOFR + .560% 1.164% VRN 10/21/25   1,300,000    1,236,087 
SOFR + .879% 1.593% VRN 5/04/27   505,000    469,785 
SOFR + 1.178% 2.239% VRN 7/21/32   160,000    142,231 
SOFR + 1.200% 2.511% VRN 10/20/32   285,000    256,903 
SOFR + 1.290% 2.943% VRN 1/21/33   450,000    422,047 
Natwest Group PLC 3 mo. USD LIBOR + 1.762%          
4.269% VRN 3/22/25   775,000    784,496 
Santander UK Group Holdings PLC          
SOFR + .787% 1.089% VRN 3/15/25   540,000    514,000 
SOFR + .989% 1.673% VRN 6/14/27   120,000    109,321 
SOFR + 1.220% 2.469% VRN 1/11/28   200,000    186,281 
3 mo. USD LIBOR + 1.080% 3.373% VRN 1/05/24   445,000    446,268 
3 mo. USD LIBOR + 1.400% 3.823% VRN 11/03/28   485,000    477,683 
Santander UK PLC          
5.000% 11/07/23 (c)   435,000    444,940 
UBS AG          
0.700% 8/09/24 (c)   350,000    332,141 
Wells Fargo & Co.          
3 mo. USD LIBOR + .750% 2.164% VRN 2/11/26   335,000    324,382 
SOFR + 2.100% 2.393% VRN 6/02/28   1,400,000    1,325,918 
SOFR + 1.432% 2.879% VRN 10/30/30   490,000    465,772 
SOFR + 1.500% 3.350% VRN 3/02/33   1,285,000    1,249,351 
SOFR + 1.510% 3.526% VRN 3/24/28   320,000    319,125 
SOFR + 4.502% 5.013% VRN 4/04/51   150,000    177,923 
         33,614,307 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Beverages — 0.5%          
Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.          
4.900% 2/01/46  $880,000   $978,233 
Bacardi Ltd.          
4.450% 5/15/25 (c)   700,000    717,209 
         1,695,442 
Biotechnology — 0.2%          
Amgen, Inc.          
3.350% 2/22/32   230,000    227,882 
4.200% 2/22/52   135,000    139,540 
4.400% 2/22/62   190,000    197,131 
Grifols Escrow Issuer SA          
4.750% 10/15/28 (c)   125,000    117,656 
         682,209 
Chemicals — 0.1%          
International Flavors & Fragrances, Inc.          
5.000% 9/26/48   380,000    416,583 
Commercial Services — 0.1%          
S&P Global, Inc.          
4.750% 8/01/28 (c) (d)   385,000    414,340 
Diversified Financial Services — 1.2%          
AerCap Ireland Capital DAC / AerCap Global Aviation Trust          
3.500% 1/15/25 (d)   1,000,000    981,016 
AerCap Ireland Capital DAC/AerCap Global Aviation Trust          
3.300% 1/30/32   615,000    554,480 
American Express Co.          
2.550% 3/04/27   385,000    375,259 
Avolon Holdings Funding Ltd.          
2.528% 11/18/27 (c)   389,000    344,201 
2.875% 2/15/25 (c)   335,000    322,001 
3.950% 7/01/24 (c)   130,000    129,686 
Capital One Financial Corp. SOFR + 1.790%          
3.273% VRN 3/01/30   535,000    516,969 
Charles Schwab Corp.          
2.900% 3/03/32   380,000    365,923 
Park Aerospace Holdings Ltd.          
4.500% 3/15/23 (c)   320,000    322,292 
5.500% 2/15/24 (c) (d)   82,000    83,980 
         3,995,807 
Electric — 1.3%          
Duke Energy Carolinas LLC          
4.000% 9/30/42   1,000,000    1,023,481 
Florida Power & Light Co.          
3.990% 3/01/49   495,000    529,092 
Jersey Central Power & Light Co.          
4.700% 4/01/24 (c)   800,000    818,502 
6.400% 5/15/36   425,000    515,823 
MidAmerican Energy Co.          
4.800% 9/15/43   1,400,000    1,579,982 
         4,466,880 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Engineering & Construction — 0.0%          
Artera Services LLC          
9.033% 12/04/25 (c)  $95,000   $93,812 
Entertainment — 0.4%          
Cdi Escrow Issuer, Inc.          
5.750% 4/01/30 (c) (e)   115,000    116,150 
Magallanes, Inc.          
4.279% 3/15/32 (c)   190,000    190,817 
5.050% 3/15/42 (c)   760,000    776,568 
5.141% 3/15/52 (c)   380,000    388,871 
         1,472,406 
Environmental Controls — 0.1%          
GFL Environmental, Inc.          
5.125% 12/15/26 (c)   164,000    165,394 
Food — 1.0%          
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc.          
4.375% 2/02/52 (c)   135,000    117,405 
JBS USA LUX SA/JBS USA Finance, Inc.          
6.750% 2/15/28 (c)   425,000    447,317 
Kraft Heinz Foods Co.          
4.875% 10/01/49   480,000    505,953 
5.000% 6/04/42   360,000    384,750 
Pilgrim's Pride Corp.          
3.500% 3/01/32 (c)   360,000    315,000 
5.875% 9/30/27 (c)   30,000    30,319 
Post Holdings, Inc.          
4.500% 9/15/31 (c)   400,000    353,800 
4.625% 4/15/30 (c)   800,000    720,360 
Smithfield Foods, Inc.          
2.625% 9/13/31 (c)   635,000    556,936 
         3,431,840 
Health Care – Products — 0.2%          
PerkinElmer, Inc.          
2.250% 9/15/31   800,000    707,196 
Health Care – Services — 1.8%          
Aetna, Inc.          
2.800% 6/15/23   485,000    486,985 
Centene Corp.          
2.450% 7/15/28   488,000    445,886 
3.000% 10/15/30   453,000    417,778 
4.250% 12/15/27   165,000    165,619 
CommonSpirit Health          
2.782% 10/01/30   495,000    461,375 
3.910% 10/01/50   75,000    71,415 
Fresenius Medical Care US Finance III, Inc.          
1.875% 12/01/26 (c)   340,000    314,996 
HCA, Inc.          
2.375% 7/15/31   90,000    80,274 
3.625% 3/15/32 (c)   350,000    342,926 
4.125% 6/15/29   345,000    351,698 
4.625% 3/15/52 (c)   195,000    196,577 
5.000% 3/15/24   287,000    297,743 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
5.250% 6/15/49  $775,000   $848,342 
5.500% 6/15/47   360,000    406,038 
Humana, Inc.          
2.150% 2/03/32   435,000    381,195 
Molina Healthcare, Inc.          
3.875% 11/15/30 (c)   90,000    86,625 
3.875% 5/15/32 (c)   190,000    180,680 
4.375% 6/15/28 (c)   300,000    295,273 
Universal Health Services, Inc.          
1.650% 9/01/26 (c)   385,000    353,647 
         6,185,072 
Household Products & Wares — 0.0%          
Central Garden & Pet Co.          
5.125% 2/01/28   123,000    122,101 
Insurance — 1.0%          
Aon Corp. / Aon Global Holdings PLC          
3.900% 2/28/52   190,000    187,362 
Athene Global Funding          
SOFR + .700% 0.914% FRN 5/24/24 (c)   505,000    498,654 
1.985% 8/19/28 (c)   555,000    488,510 
3.205% 3/08/27 (c)   135,000    130,150 
Berkshire Hathaway Finance Corp.          
3.850% 3/15/52   405,000    413,903 
Farmers Exchange Capital 3 mo. USD LIBOR + 3.454%          
5.454% VRN 10/15/54 (c)   970,000    1,102,878 
Teachers Insurance & Annuity Association of America          
3.300% 5/15/50 (c)   225,000    199,087 
4.270% 5/15/47 (c)   130,000    137,275 
Willis North America, Inc.          
4.500% 9/15/28   310,000    319,098 
         3,476,917 
Internet — 0.1%          
Tencent Holdings Ltd.          
3.680% 4/22/41 (c)   335,000    295,828 
Media — 1.1%          
CCO Holdings LLC/CCO Holdings Capital Corp.          
4.500% 5/01/32   250,000    229,050 
4.750% 2/01/32 (c)   200,000    186,408 
Charter Communications Operating LLC/Charter Communications Operating Capital          
3.750% 2/15/28   92,000    90,924 
4.800% 3/01/50   330,000    313,319 
4.908% 7/23/25   205,000    212,822 
5.250% 4/01/53   265,000    268,387 
5.375% 5/01/47   95,000    97,493 
5.750% 4/01/48   280,000    297,546 
Cox Communications, Inc.          
2.600% 6/15/31 (c)   385,000    347,903 
CSC Holdings LLC          
4.125% 12/01/30 (c)   200,000    175,373 
4.500% 11/15/31 (c)   375,000    335,625 
5.375% 2/01/28 (c)   30,000    29,117 
Diamond Sports Group LLC / Diamond Sports Finance Co.          
5.375% 8/15/26 (c)   665,000    257,688 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Sinclair Television Group, Inc.          
4.125% 12/01/30 (c)  $215,000   $191,709 
Time Warner Cable, Inc.          
5.500% 9/01/41   170,000    176,625 
5.875% 11/15/40   170,000    182,851 
Virgin Media Secured Finance PLC          
5.500% 5/15/29 (c)   255,000    252,555 
The Walt Disney Co.          
3.600% 1/13/51   320,000    316,225 
         3,961,620 
Mining — 0.1%          
Indonesia Asahan Aluminium Persero PT          
6.530% 11/15/28 (c)   200,000    222,222 
Miscellaneous - Manufacturing — 0.2%          
GE Capital International Funding Co. Unlimited Co.          
4.418% 11/15/35   540,000    579,861 
General Electric Co.          
6.750% 3/15/32   162,000    204,107 
         783,968 
Oil & Gas — 0.7%          
Antero Resources Corp.          
8.375% 7/15/26 (c)   32,000    35,250 
Exxon Mobil Corp.          
3.452% 4/15/51   393,000    380,750 
KazMunay Gas National Co.          
4.750% 4/19/27   200,000    191,512 
Occidental Petroleum Corp.          
0.000% 10/10/36   230,000    123,338 
Pertamina Persero PT          
3.100% 8/27/30 (c)   200,000    188,500 
Petroleos Mexicanos          
5.950% 1/28/31 (d)   50,000    46,151 
6.625% 6/15/35   900,000    806,634 
7.690% 1/23/50   115,000    100,481 
Saudi Arabian Oil Co.          
1.625% 11/24/25   200,000    189,656 
Shell International Finance BV          
3.750% 9/12/46   25,000    25,271 
Sunoco LP / Sunoco Finance Corp.          
4.500% 4/30/30 (c)   126,000    116,277 
Transocean Guardian Ltd.          
5.875% 1/15/24 (c)   92,172    88,255 
Transocean Pontus Ltd.          
6.125% 8/01/25 (c)   106,395    106,129 
Transocean Poseidon Ltd.          
6.875% 2/01/27 (c)   91,875    90,956 
         2,489,160 
Oil & Gas Services — 0.1%          
Archrock Partners LP / Archrock Partners Finance Corp.          
6.250% 4/01/28 (c)   180,000    177,406 
Transocean Proteus Ltd.          
6.250% 12/01/24 (c)   41,500    41,189 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
USA Compression Partners LP/USA Compression Finance Corp.          
6.875% 4/01/26  $30,000   $30,352 
6.875% 9/01/27   96,000    96,369 
         345,316 
Packaging & Containers — 0.5%          
Amcor Finance USA, Inc.          
3.625% 4/28/26   650,000    660,242 
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc.          
5.250% 8/15/27 (c)   190,000    176,225 
5.250% 8/15/27 (c) (d)   200,000    185,500 
Berry Global, Inc.          
1.570% 1/15/26   410,000    381,179 
4.875% 7/15/26 (c)   330,000    334,198 
Mauser Packaging Solutions Holding Co.          
5.500% 4/15/24 (c)   30,000    29,881 
Sealed Air Corp.          
4.000% 12/01/27 (c)   30,000    29,250 
         1,796,475 
Pharmaceuticals — 1.4%          
AbbVie, Inc.          
4.450% 5/14/46   400,000    428,123 
4.500% 5/14/35   390,000    418,638 
Bayer US Finance II LLC          
4.250% 12/15/25 (c)   75,000    76,356 
4.375% 12/15/28 (c)   850,000    870,634 
4.625% 6/25/38 (c)   795,000    825,423 
4.875% 6/25/48 (c)   210,000    225,642 
Cigna Corp.          
3.400% 3/15/51   250,000    225,126 
4.125% 11/15/25   60,000    61,919 
CVS Health Corp.          
5.050% 3/25/48   1,090,000    1,236,943 
Embecta Corp.          
5.000% 2/15/30 (c)   200,000    188,641 
Endo DAC / Endo Finance LLC / Endo Finco, Inc.          
6.000% 6/30/28 (c) (d)   656,000    370,640 
         4,928,085 
Pipelines — 1.1%          
Energy Transfer LP          
4.950% 6/15/28   300,000    314,600 
5.000% 5/15/50   380,000    384,313 
5.150% 3/15/45   400,000    404,059 
5.350% 5/15/45   50,000    51,497 
5.400% 10/01/47   394,000    411,038 
5.500% 6/01/27   254,000    272,873 
Galaxy Pipeline Assets Bidco Ltd.          
2.160% 3/31/34 (c)   384,360    353,553 
Plains All American Pipeline LP/PAA Finance Corp.          
3.800% 9/15/30   300,000    294,303 
Rockies Express Pipeline LLC          
4.800% 5/15/30 (c)   250,000    236,875 
4.950% 7/15/29 (c)   200,000    193,748 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Ruby Pipeline LLC          
8.000% STEP 4/01/22 (c)  $431,818   $398,352 
TransMontaigne Partners LP/TLP Finance Corp.          
6.125% 2/15/26   81,000    80,043 
Venture Global Calcasieu Pass LLC          
3.875% 8/15/29 (c)   365,000    354,351 
         3,749,605 
Real Estate Investment Trusts (REITS) — 1.3%          
American Campus Communities Operating Partnership LP          
3.750% 4/15/23   650,000    656,564 
CyrusOne LP/CyrusOne Finance Corp.          
2.150% 11/01/30   385,000    384,407 
3.450% 11/15/29   275,000    283,250 
GLP Capital LP/GLP Financing II, Inc.          
4.000% 1/15/30   35,000    33,971 
5.250% 6/01/25   205,000    211,009 
5.300% 1/15/29   310,000    325,677 
5.375% 4/15/26   715,000    747,128 
SL Green Operating Partnership LP          
3.250% 10/15/22   500,000    501,482 
Ventas Realty LP          
3.500% 2/01/25   1,500,000    1,505,717 
         4,649,205 
Retail — 0.2%          
Michaels Cos., Inc.          
5.250% 5/01/28 (c)   170,000    156,077 
Starbucks Corp.          
3.000% 2/14/32   385,000    368,470 
         524,547 
Savings & Loans — 0.4%          
Nationwide Building Society          
SOFR + 1.290% 2.972% VRN 2/16/28 (c)   340,000    324,000 
3 mo. USD LIBOR + 1.181% 3.622% VRN 4/26/23 (c)   270,000    270,054 
3 mo. USD LIBOR + 1.064% 3.766% VRN 3/08/24 (c)   525,000    528,014 
3 mo. USD LIBOR + 1.392% 4.363% VRN 8/01/24 (c)   190,000    193,017 
         1,315,085 
Semiconductors — 0.1%          
Broadcom, Inc.          
4.300% 11/15/32   360,000    365,811 
Intel Corp.          
3.050% 8/12/51 (d)   75,000    66,779 
         432,590 
Software — 0.3%          
Change Healthcare Holdings LLC/Change Healthcare Finance, Inc.          
5.750% 3/01/25 (c)   144,000    144,000 
Oracle Corp.          
2.800% 4/01/27   140,000    133,797 
2.875% 3/25/31   195,000    177,939 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
3.950% 3/25/51  $753,000   $657,938 
         1,113,674 
Telecommunications — 3.1%          
AT&T, Inc.          
2.550% 12/01/33   634,000    562,749 
3.800% 12/01/57   1,692,000    1,542,748 
4.750% 5/15/46   710,000    770,756 
5.250% 3/01/37   270,000    306,967 
CommScope, Inc.          
4.750% 9/01/29 (c)   274,000    252,765 
Intelsat Jackson Holdings S.A.          
6.500% 3/15/30   1,052,000    1,049,370 
Intelsat Jackson Holdings S.A., Escrow          
8.500% 10/15/24 (c) (f) (g)   171,000     
Intelsat Jackson Holdings S.A., Escrow          
9.750% 7/15/25 (c) (f) (g)   585,000     
Level 3 Financing, Inc.          
3.400% 3/01/27 (c)   60,000    56,550 
3.875% 11/15/29 (c)   460,000    423,200 
Lumen Technologies, Inc.          
5.375% 6/15/29 (c)   385,000    342,136 
Sprint Corp.          
7.875% 9/15/23   33,000    35,063 
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC          
4.738% 3/20/25 (c)   1,057,500    1,080,345 
T-Mobile USA, Inc.          
2.550% 2/15/31   900,000    816,237 
3.750% 4/15/27   375,000    377,556 
3.875% 4/15/30   345,000    346,367 
4.375% 4/15/40   290,000    291,487 
4.750% 2/01/28   119,000    121,261 
Verizon Communications, Inc.          
2.100% 3/22/28   170,000    158,740 
2.355% 3/15/32 (c)   520,000    468,903 
2.550% 3/21/31   510,000    473,256 
Vodafone Group PLC          
4.875% 6/19/49   1,052,000    1,144,199 
         10,620,655 
Transportation — 0.1%          
Union Pacific Corp.          
3.500% 2/14/53   195,000    190,685 
           
TOTAL CORPORATE DEBT
(Cost $107,148,549)
        102,487,987 
           
MUNICIPAL OBLIGATIONS — 1.1%          
California State University          
Revenue, 2.274% 11/01/34   180,000    155,179 
Revenue, 2.374% 11/01/35   20,000    17,191 
City of New York NY, General Obligation          
5.206% 10/01/31   750,000    825,565 
Jersey City Municipal Utilities Authority, Revenue Bond          
5.470% 5/15/27   745,000    794,101 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
New York City Transitional Finance Authority Future Tax Secured Revenue, Revenue          
2.450% 11/01/34  $560,000   $473,812 
New York State Dormitory Authority, Revenue Bond          
5.289% 3/15/33   750,000    836,650 
University of California, Revenue          
2.247% 5/15/34   290,000    255,624 
University of Michigan, Revenue          
3.504% 4/01/52   380,000    386,399 
         3,744,521 
           
TOTAL MUNICIPAL OBLIGATIONS
(Cost $4,075,096)
        3,744,521 
           
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS — 14.9%          
Commercial Mortgage-Backed Securities — 2.6%          
BAMLL Commercial Mortgage Securities Trust, Series 2018-PARK, Class A,          
4.091% VRN 8/10/38 (c) (h)   620,000    637,695 
BX Commercial Mortgage Trust, Series 2019-XL, Class A, 1 mo. USD LIBOR + .920%          
1.317% FRN 10/15/36 (c)   1,313,924    1,305,794 
BX Trust, Series 2019-OC11, Class A          
3.202% 12/09/41 (c)   180,000    174,177 
CALI Mortgage Trust, Series 2019-101C, Class A          
3.957% 3/10/39 (c)   415,000    420,915 
CPT Mortgage Trust, Series 2019-CPT, Class A          
2.865% 11/13/39 (c)   355,000    335,796 
DC Office Trust, Series 2019-MTC, Class A          
2.965% 9/15/45 (c)   375,000    354,902 
GS Mortgage Securities Corp. II, Series 2021-ARDN, Class A, 1 mo. USD LIBOR + 1.250%          
1.647% FRN 11/15/36 (c)   1,570,000    1,554,796 
Hudson Yards Mortgage Trust          
Series 2019-55HY, Class A, 2.943% VRN 12/10/41 (c) (h)   375,000    357,703 
Series 2019-30HY, Class A, 3.228% 7/10/39 (c)   385,000    373,820 
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-OSB, Class A          
3.397% 6/05/39 (c)   385,000    379,817 
MKT Mortgage Trust, Series 2020-525M, Class A          
2.694% 2/12/40 (c)   465,000    432,989 
Natixis Commercial Mortgage Securities Trust, 1 mo. USD LIBOR + .950%          
1.347% FRN 8/15/38 (c)   1,100,000    1,091,363 
One Bryant Park Trust, Series 2019-OBP, Class A          
2.516% 9/15/54 (c)   490,000    453,397 
RBS Commercial Funding, Inc. Trust, Series 2013-GSP, Class A,          
3.834% VRN 1/15/32 (c) (h)   670,000    669,016 
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1,          
3.872% VRN 1/05/43 (c) (h)   655,000    621,642 
         9,163,822 
Home Equity Asset-Backed Securities — 1.2%          
Aegis Asset Backed Securities Trust Mortgage Pass-Through Ctfs, Series 2005-4, Class M2, 1 mo. USD LIBOR + .705%          
1.162% FRN 10/25/35   780,000    765,834 
Citigroup Mortgage Loan Trust, Series 2006-HE2, Class M1, 1 mo. USD LIBOR + .435%          
0.892% FRN 8/25/36   977,738    971,584 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Morgan Stanley Capital, Inc. Trust, Series 2006-HE1, Class A4, 1 mo. USD LIBOR + .580%          
1.037% FRN 1/25/36  $1,085,162   $1,074,949 
Opteum Mortgage Acceptance Corp.          
1.207% 11/25/35   1,450,000    1,390,986 
         4,203,353 
Other Asset-Backed Securities — 4.7%          
Aimco CLO 11 Ltd., Series 2020-11A, Class AR, 3 mo. USD LIBOR + 1.130%          
1.371% FRN 10/17/34 (c)   750,000    741,899 
AIMCO CLO Series 2015-A, Series 2015-AA, Class BR2, 3 mo. USD LIBOR + 1.600%          
1.841% FRN 10/17/34 (c)   1,100,000    1,087,758 
Allegro CLO XII Ltd., Series 2020-1A, Class A1, 3 mo. USD LIBOR + 1.250%          
1.505% FRN 1/21/32 (c)   850,000    844,732 
Cedar Funding XIV CLO Ltd., Series 2021-14A, Class A, 3 mo. USD LIBOR + 1.100%          
1.341% FRN 7/15/33 (c)   800,000    793,398 
Dryden Senior Loan Fund, Series 2013-26A, Class AR, 3 mo. USD LIBOR + .900%          
1.141% FRN 4/15/29 (c)   934,966    931,045 
Eaton Vance CLO 2020-1 Ltd., Series 2020-1A, Class AR, 3 mo. USD LIBOR + 1.170%          
1.411% FRN 10/15/34 (c)   990,000    984,654 
Flatiron CLO Ltd., Series 2021-1A, Class B, 3 mo. USD LIBOR + 1.600%          
1.848% FRN 7/19/34 (c)   850,000    835,745 
GSAMP Trust 2005-HE5, Series 2005-HE5, Class M3, 1 mo. USD LIBOR + .690%          
1.147% FRN 11/25/35   646,473    643,024 
Highbridge Loan Management ., Series 2021-16A, Class A1, 3 mo. USD LIBOR + 1.140%          
1.395% FRN 1/23/35 (c)   1,000,000    991,625 
LCM LP, Series 21A, Class AR, 3 mo. USD LIBOR + .880%          
1.134% FRN 4/20/28 (c)   281,336    280,250 
Magnetite Ltd., Series 2012-7A, Class A1R2, 3 mo. USD LIBOR + .800%          
1.041% FRN 1/15/28 (c)   950,088    946,074 
Progress Residential Trust          
Series 2019-SFR2, Class A, 3.147% 5/17/36 (c)   2,665,407    2,639,048 
Series 2019-SFR2, Class F, 4.837% 5/17/36 (c)   2,250,000    2,196,254 
Rockford Tower CLO Ltd., Series 2021-1A, Class A1, 3 mo. USD LIBOR + 1.170%          
1.424% FRN 7/20/34 (c)   850,000    844,692 
Saxon Asset Securities Trust, Series 2007-2, Class A2C, 1 mo. USD LIBOR + .240%          
0.697% FRN 5/25/47   1,664,279    1,335,633 
         16,095,831 
Student Loans Asset-Backed Securities — 2.6%          
Access Group, Inc., Series 2015-1, Class A, 1 mo. USD LIBOR + .700%          
1.157% FRN 7/25/56 (c)   395,804    391,005 
Collegiate Funding Services Education Loan Trust, Series 2005-A, Class A4, 3 mo. USD LIBOR + .200%          
1.166% FRN 3/28/35   1,287,178    1,276,596 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Nelnet Student Loan Trust, Series 2015-1A, Class A, 1 mo. USD LIBOR + .590%          
1.047% FRN 4/25/46 (c)  $770,762   $766,671 
SLM Student Loan Trust          
Series 2007-7, Class A4, 3 mo. USD LIBOR + .330% 0.588% FRN 1/25/22   650,742    637,789 
Series 2012-7, Class A3, 1 mo. USD LIBOR + .650% 1.107% FRN 5/26/26   693,292    684,368 
Series 2012-2, Class A, 1 mo. USD LIBOR + .700% 1.157% FRN 1/25/29   806,931    780,873 
Series 2008-6, Class A4, 3 mo. USD LIBOR + 1.100% 1.358% FRN 7/25/23   971,684    962,015 
Series 2012-1, Class A3, 1 mo. USD LIBOR + .950% 1.407% FRN 9/25/28   683,092    669,976 
Series 2008-9, Class A, 3 mo. USD LIBOR + 1.500% 1.758% FRN 4/25/23   711,204    710,986 
Series 2008-5, Class B, 3 mo. USD LIBOR + 1.850% 2.108% FRN 7/25/73   700,000    689,657 
Series 2008-9, Class B, 3 mo. USD LIBOR + 2.250% 2.508% FRN 10/25/83   1,430,000    1,434,904 
         9,004,840 
Whole Loan Collateral Collateralized Mortgage Obligations — 3.8%          
American Home Mortgage Investment Trust, Series 2005-1, Class 6A, 6 mo. USD LIBOR + 2.000%          
2.826% FRN 6/25/45   440,757    434,808 
Chase Mortgage Finance Trust, Series 2007-A1, Class 11A4,          
3.147% VRN 3/25/37 (h)   247,398    237,907 
Citigroup Mortgage Loan Trust, Series 2005-11, Class A2A, 1 year CMT + 2.400%          
2.470% FRN 10/25/35   192,803    194,925 
Countrywide Alternative Loan Trust          
Series 2006-OA6, Class 1A2, 1 mo. USD LIBOR + .420% 0.877% FRN 7/25/46   918,855    872,684 
Series 2005-31, Class 2A1, 1 mo. USD LIBOR + .600% 1.057% FRN 8/25/35   934,632    872,791 
Credit Suisse Mortgage Trust, Series 2018-RPL9, Class A,          
3.850% VRN 9/25/57 (c) (h)   921,605    927,587 
First Horizon Mortgage Pass-Through Trust, Series 2005-AR5, Class 2A1,          
2.710% VRN 11/25/35 (h)   248,233    212,881 
GS Mortgage-Backed Securities Trust, Series 2018-RPL1, Class A1A          
3.750% 10/25/57 (c)   817,269    811,633 
HarborView Mortgage Loan Trust, Series 2006-10, Class 1A1A, 1 mo. USD LIBOR + .200%          
0.362% FRN 11/19/36   1,705,078    1,499,627 
Impac CMB Trust, Series 2005-1, Class 1A1, 1 mo. USD LIBOR + .520%          
0.977% FRN 4/25/35   524,671    502,066 
IndyMac Index Mortgage Loan Trust          
Series 2006-AR27, Class 1A3, 1 mo. USD LIBOR + .540% 0.997% FRN 10/25/36   1,322,493    683,749 
Series 2005-AR19, Class A1, 2.770% VRN 10/25/35 (h)   707,074    626,156 
JP Morgan Mortgage Trust, Series 2021-13, Class A3,          
2.500% VRN 4/25/52 (c) (h)   1,835,316    1,696,018 
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2005-AR1, Class M1, 1 mo. USD LIBOR + 1.070%          
1.527% FRN 2/25/35   713,917    701,403 
Washington Mutual Mortgage Pass-Through Certificates          
Series 2005-AR15, Class A1A1, 1 mo. USD LIBOR + .520% 0.977% FRN 11/25/45   1,785,688    1,686,098 
Series 2005-AR13, Class A1A1, 1 mo. USD LIBOR + .580% 1.037% FRN 10/25/45   391,768    383,724 
Series 2005-AR2, Class 2A21, 1 mo. USD LIBOR + .660% 1.117% FRN 1/25/45   338,596    334,875 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Series 2006-1 Class 3A2, 5.750% 2/25/36  $555,034   $520,623 
         13,199,555 
           
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $52,570,641)
        51,667,401 
           
SOVEREIGN DEBT OBLIGATIONS — 1.3%          
Abu Dhabi Government International Bond          
2.500% 9/30/29   200,000    195,845 
Brazilian Government International Bond          
2.875% 6/06/25   200,000    196,044 
3.875% 6/12/30   200,000    184,290 
CBB International Sukuk Co.          
6.875% 10/05/25   200,000    219,410 
Chile Government International Bond          
3.240% 2/06/28   200,000    199,870 
Colombia Government International Bond          
3.000% 1/30/30 (d)   200,000    172,244 
4.500% 1/28/26   200,000    199,774 
Dominican Republic International Bond          
4.500% 1/30/30 (c)   200,000    183,502 
Hong Kong Airport Authority          
3.250% 1/12/52 (c)   405,000    361,267 
Hungary Government International Bond          
2.125% 9/22/31 (c)   200,000    180,757 
Mexico Government International Bond          
2.659% 5/24/31 (d)   288,000    261,991 
3.750% 1/11/28   300,000    305,484 
Oman Government International Bond          
5.625% 1/17/28   200,000    206,197 
Panama Government International Bond          
2.252% 9/29/32   200,000    176,894 
3.160% 1/23/30 (d)   200,000    195,716 
3.875% 3/17/28   200,000    204,306 
Peruvian Government International Bond          
2.844% 6/20/30   80,000    76,618 
4.125% 8/25/27   200,000    207,826 
Qatar Government International Bond          
4.500% 4/23/28   200,000    217,750 
Republic of South Africa Government International Bond          
4.850% 9/30/29 (d)   250,000    244,239 
Republic of Turkey International Bond          
3.250% 3/23/23   200,000    196,296 
Romanian Government International Bond          
3.000% 2/14/31   110,000    101,555 
         4,487,875 
           
TOTAL SOVEREIGN DEBT OBLIGATIONS
(Cost $4,851,469)
        4,487,875 
           
U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES (i) — 35.9%          
Collateralized Mortgage Obligations — 1.9%          
Federal Home Loan Mortgage Corp.          
Series 4818, Class CA, 3.000% 4/15/48   175,354    173,238 
Series 4639, Class HZ, 3.250% STEP 4/15/53   1,574,768    1,600,732 
Series 4846, Class PA, 4.000% 6/15/47   114,102    115,880 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Federal National Mortgage Association REMICS          
Series 2018-43, Class CT, 3.000% 6/25/48  $313,164   $309,110 
Series 2018-57, Class QA, 3.500% 5/25/46   165,649    167,635 
Series 2018-55, Class PA, 3.500% 1/25/47   122,864    124,525 
Government National Mortgage Association          
Series 2018-124, Class NW, 3.500% 9/20/48   310,829    312,796 
Series 2019-15, Class GT, 3.500% 2/20/49   204,977    206,360 
         3,010,276 
Pass-Through Securities — 32.0%          
Federal Home Loan Mortgage Corp.          
Pool #G18592 3.000% 3/01/31   202,434    204,934 
Pool #G18627 3.000% 1/01/32   636,948    644,815 
Pool #G08710 3.000% 6/01/46   112,650    111,946 
Pool #ZM1779 3.000% 9/01/46   563,442    559,334 
Pool #G08726 3.000% 10/01/46   836,413    830,921 
Pool #G08732 3.000% 11/01/46   304,287    302,289 
Pool #G08741 3.000% 1/01/47   835,308    829,300 
Pool #G07848 3.500% 4/01/44   1,370,257    1,404,188 
Pool #G60023 3.500% 4/01/45   1,267,299    1,294,720 
Pool #G08711 3.500% 6/01/46   376,769    382,802 
Pool #G08716 3.500% 8/01/46   541,973    550,652 
Pool #G67700 3.500% 8/01/46   624,141    634,916 
Pool #G08722 3.500% 9/01/46   94,211    95,720 
Pool #G08742 3.500% 1/01/47   428,398    434,856 
Pool #G08757 3.500% 4/01/47   110,257    111,919 
Pool #G67703 3.500% 4/01/47   911,840    927,581 
Pool #G67706 3.500% 12/01/47   822,318    836,256 
Pool #ZA5103 3.500% 12/01/47   4,445    4,504 
Pool #G67707 3.500% 1/01/48   2,286,347    2,333,674 
Pool #G08800 3.500% 2/01/48   39,131    39,562 
Pool #G67708 3.500% 3/01/48   200,397    203,919 
Pool #G67710 3.500% 3/01/48   1,054,924    1,069,838 
Pool #G08816 3.500% 6/01/48   307,368    309,985 
Pool #G61556 3.500% 8/01/48   540,634    547,939 
Pool #G60344 4.000% 12/01/45   681,498    708,810 
Pool #G67711 4.000% 3/01/48   750,104    778,994 
Pool #G67713 4.000% 6/01/48   3,104    3,212 
Pool #G08843 4.500% 10/01/48   161,450    168,255 
Pool #G08833 5.000% 7/01/48   116,028    122,885 
Pool #G08844 5.000% 10/01/48   103,234    108,835 
Federal National Mortgage Association          
Pool #MA4152 2.000% 10/01/40   873,665    819,682 
Pool #MA4176 2.000% 11/01/40   1,707,116    1,601,635 
Pool #MA4333 2.000% 5/01/41   205,910    193,187 
Pool #BQ7006 2.000% 1/01/52 (e)  3,724,575   3,464,175 
Pool #BL6060 2.455% 4/01/40   570,000    507,166 
Pool #MA1607 3.000% 10/01/33   333,607    333,781 
Pool #MA3811 3.000% 10/01/49   225,415    218,910 
Pool #AB4262 3.500% 1/01/32   288,098    293,390 
Pool #MA1512 3.500% 7/01/33   145,499    148,717 
Pool #MA1148 3.500% 8/01/42   832,239    853,245 
Pool #CA0996 3.500% 1/01/48   143,697    145,483 
Pool #MA3305 3.500% 3/01/48   29,419    29,693 
Pool #BL1132 3.730% 1/01/29   920,000    965,705 
Pool #MA1146 4.000% 8/01/42   338,301    354,538 
Pool #AS9830 4.000% 6/01/47   162,101    167,298 
Pool #MA3027 4.000% 6/01/47   224,012    231,193 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
Pool #AS9972 4.000% 7/01/47  $144,565   $149,064 
Pool #931504 4.500% 7/01/39   45,263    47,755 
Pool #CA1710 4.500% 5/01/48   543,606    564,722 
Pool #CA1711 4.500% 5/01/48   172,585    180,011 
Pool #CA2208 4.500% 8/01/48   321,973    335,676 
Pool #AD6374 5.000% 5/01/40   9,988    10,722 
Pool #AI2733 5.000% 5/01/41   86,587    94,045 
Pool #977014 5.500% 5/01/38   12,359    13,529 
Pool #985524 5.500% 6/01/38   13,477    14,760 
Pool #988578 5.500% 8/01/38   109,201    119,315 
Pool #995482 5.500% 1/01/39   68,958    75,403 
Government National Mortgage Association II          
Pool #MA4126 3.000% 12/20/46   687,050    686,632 
Pool #MA4718 3.000% 9/20/47   75,746    75,677 
Pool #MA4836 3.000% 11/20/47   265,114    264,870 
Pool #MA6209 3.000% 10/20/49   219,915    215,108 
Pool #MA3521 3.500% 3/20/46   272,330    278,491 
Pool #MA3597 3.500% 4/20/46   84,396    86,305 
Pool #MA3663 3.500% 5/20/46   123,924    126,728 
Pool #MA3937 3.500% 9/20/46   102,125    104,340 
Pool #MA4127 3.500% 12/20/46   368,744    376,165 
Pool #MA4262 3.500% 2/20/47   375,499    383,055 
Pool #MA4382 3.500% 4/20/47   96,893    98,843 
Pool #MA4719 3.500% 9/20/47   120,879    123,085 
Pool #MA4837 3.500% 11/20/47   248,384    252,374 
Pool #MA4900 3.500% 12/20/47   895,939    910,329 
Pool #MA4653 4.000% 8/20/47   48,010    49,519 
Pool #MA4838 4.000% 11/20/47   202,707    208,823 
Pool #MA4901 4.000% 12/20/47   87,270    89,903 
Pool #MA5078 4.000% 3/20/48   302,520    311,175 
Pool #MA5466 4.000% 9/20/48   333,474    341,998 
Pool #MA5399 4.500% 8/20/48   630,254    655,887 
Pool #MA3666 5.000% 5/20/46   96,450    103,632 
Pool #MA4199 5.000% 1/20/47   95,812    101,783 
Pool #MA4454 5.000% 5/20/47   162,183    173,500 
Pool #MA4722 5.000% 9/20/47   193,649    206,011 
Government National Mortgage Association II TBA          
2.000% 4/21/52 (e)   1,925,000    1,831,307 
2.500% 4/21/52 (e)   5,225,000    5,070,291 
Uniform Mortgage Backed Securities TBA          
2.000% 4/18/37 (e)   5,050,000    4,904,812 
2.000% 4/13/52 (e)   1,900,000    1,764,477 
2.000% 5/12/52 (e)   24,400,000    22,618,610 
2.500% 4/18/37 (e)   3,950,000    3,903,402 
2.500% 5/12/52 (e)   29,325,000    27,943,517 
3.000% 4/13/52 (e)   3,650,000    3,573,293 
3.000% 5/12/52 (e)   8,050,000    7,862,586 
         114,186,889 
U.S. Agencies Notes — 1.1%          
Federal Home Loan Banks
1.040% 6/14/24
   4,110,000    3,980,267 
Whole Loans — 0.9%          
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust Series 2005-1, Series 2005-1, Class 1A3, 1 mo. USD LIBOR + .500%          
0.957% FRN 2/25/35   1,620,084    1,565,492 

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
MASTR Adjustable Rate Mortgages Trust 2007-1, Series 2007-1, Class I2A3, 12 mo. MTA + .740%          
0.881% FRN 1/25/47  $1,627,908   $1,606,061 
         3,171,553 
           
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES
(Cost $125,544,956)
        124,348,985 
           
U.S. TREASURY OBLIGATIONS — 31.1%          
U.S. Treasury Bonds & Notes — 31.1%          
U.S. Treasury Bond          
2.000% 11/15/41   18,132,000    16,431,920 
2.250% 5/15/41   5,014,000    4,741,282 
2.250% 2/15/52   6,054,000    5,802,384 
2.375% 2/15/42   585,000    564,616 
U.S. Treasury Inflation Index          
0.125% 2/15/52   631,056    665,715 
U.S. Treasury Note          
0.750% 12/31/23   3,437,000    3,349,847 
0.875% 1/31/24   9,608,000    9,370,161 
1.250% 12/31/26   30,000    28,381 
1.500% 2/29/24 (d)   12,762,000    12,585,396 
1.500% 1/31/27   7,553,000    7,228,635 
1.750% 3/15/25   11,850,000    11,611,151 
1.875% 2/28/27 (d)   18,465,000    17,997,662 
1.875% 2/15/32   1,015,000    974,558 
2.250% 3/31/24   3,415,000    3,412,466 
2.375% 3/31/27 (e)   12,825,000    12,870,093 
         107,634,267 
           
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $110,010,009)
        107,634,267 
           
TOTAL BONDS & NOTES
(Cost $411,091,443)
        401,183,773 
           
TOTAL PURCHASED OPTIONS (#) — 0.0%
(Cost $164,390)
        45,644 
           
           
RIGHTS — 0.0%          
Communications — 0.0%          
Intelsat Jackson Holdings S.A. (f) (g)   755     
Intelsat Jackson Holdings S.A. (f) (g)   755     
          
           
TOTAL RIGHTS
(Cost $0)
         
           

 

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

  

Number of

Shares

   Value 
MUTUAL FUNDS — 9.5%          
           
Diversified Financial Services — 9.5%          
State Street Navigator Securities Lending Government Money Market Portfolio (j)  32,765,090   $32,765,090 
           
TOTAL MUTUAL FUNDS
(Cost $32,765,090)
        32,765,090 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $444,697,917)
        434,204,498 
           
    

Principal

Amount

      
           
SHORT-TERM INVESTMENTS — 7.9%          
Repurchase Agreement — 2.1%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 3/31/22, 0.000%, due 4/01/22 (k)  $7,125,364   7,125,364 
U.S. Treasury Bill — 5.8%          
U.S. Treasury Bill          
0.610% 8/25/22 (l)   4,275,000    4,259,441 
0.651% 9/01/22 (l)   3,440,000    3,426,424 
0.674% 8/25/22 (l)   1,125,000    1,120,906 
0.983% 9/22/22 (l)   4,600,000    4,578,326 
0.984% 9/22/22 (l)   6,800,000    6,767,960 
         20,153,057 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $27,289,392)
        27,278,421 
           
TOTAL INVESTMENTS — 133.4%
(Cost $471,987,309) (m)
        461,482,919 
           
Less Unfunded Loan Commitments — —%        (35,326) 
           
NET INVESTMENTS — 133.4%
(Cost $471,951,983)
        461,447,593 
           
Other Assets/(Liabilities) — (33.4)%        (115,430,322) 
           
NET ASSETS — 100.0%       $346,017,271 

 

Abbreviation Legend

CLO Collateralized Loan Obligation
FRN Floating Rate Note
REMICSReal Estate Mortgage Investment Conduits
STEP Step Up Bond
TBA To Be Announced
VRN Variable Rate Note

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) All or a portion of the security represents unsettled loan commitments at March 31, 2022 where the rate will be determined at time of settlement
(b) Unfunded or partially unfunded loan commitments.
(c) Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At March 31, 2022, the aggregate market value of these securities amounted to $58,007,258 or 16.76% of net assets.
(d) Denotes all or a portion of security on loan. The total value of securities on loan as of March 31, 2022, was $33,358,022 or 9.64% of net assets. Total securities on loan may be less than the amounts identified in the Portfolio of Investments. The Fund received $1,300,341 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(e) A portion of this security is purchased on a when-issued, delayed-delivery or forward commitment basis.
(f) Investment was valued using significant unobservable inputs.
(g) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At March 31, 2022, these securities amounted to a value of $0 or 0.00% of net assets.
(h) 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, 2022.
(i) 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.
(j) Represents investment of security lending cash collateral. (Note 2).
(k) Maturity value of $7,125,364. Collateralized by U.S. Government Agency obligations with a rate of 0.500%, maturity date of 4/15/24, and an aggregate market value, including accrued interest, of $7,267,885.
(l) The rate shown represents yield-to-maturity.
(m) 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) 
Call       
Eurodollar 1 Year Mid Curve Future  9/16/22   98.38    51   USD   12,352,200   $4,144   $21,819   $(17,675)
Eurodollar 1 Year Mid Curve Future  9/16/22   98.75    110   USD   26,642,000    5,500    65,435    (59,935)
Eurodollar Future  12/19/22   98.00    80   USD  19,468,000    36,000    77,136    (41,136) 
                        $45,644   $164,390   $(118,746)

 

 

 

MML Total Return Bond Fund —  Portfolio of Investments (Continued)

 

Exchange-Traded Options Written
Description  Expiration Date  Exercise Price   No. of Contracts   Notional Amount  Value   Premiums Paid (Received)   Unrealized Appreciation/ (Depreciation) 
Call       
Eurodollar 1 Year Mid Curve Future  9/16/22   99.00    250   USD   60,550,000   $(9,375)   $(82,545)   $73,170
Eurodollar 2 Year Mid Curve Future  12/16/22   97.63    61   USD   14,837,488    (41,937)    (42,616)    679
Eurodollar 2 Year Mid Curve Future  12/16/22   97.88    115   USD   27,972,313    (53,906)    (63,803)    9,897
Eurodollar Future  12/19/22   98.25    80   USD   19,468,000    (25,000)    (51,819)    26,819 
                        $(130,218)   $(240,783)   $110,565
Put       
Eurodollar 1 Year Mid Curve Future  9/16/22   97.63    314   USD   76,050,800   $(675,100)   $(214,990)   $(460,110)
Eurodollar 2 Year Mid Curve Future  12/16/22   97.38    176   USD   42,809,800    (205,700)    (179,595)    (26,105)
Eurodollar Future  12/19/22   97.25    80   USD   19,468,000    (79,000)    (36,819)    (42,181) 
                        $(959,800)   $(431,404)   $(528,396)
                        $(1,090,018)   $(672,187)   $(417,831)

 

Interest Rate Swaptions Written
         Paid by Fund  Received by Fund               
Description  Counterparty  Expiration Date  Rate  Frequency  Rate  Frequency  Notional Amount  Value   Premium
Paid
(Received)
   Unrealized Appreciation/ (Depreciation) 
Put                                    
2-Year Interest Rate Swap, 6/10/24  JP Morgan Chase Bank N.A.  6/08/22  3-Month SOFR  Quarterly  1.95%##  Semi-Annually  USD  19,270,000  $(298,300)   $(55,498)   $(242,802)

 

Futures contracts               
   Expiration
Date
  Number of
Contracts
   Notional
Amount
   Value/ Net Unrealized
Appreciation/
(Depreciation)
 
Short               
U.S. Treasury Ultra 10 Year  6/21/22   32   $(4,356,187)  $21,187 
U.S. Treasury Note 2 Year  6/30/22   4    (858,868)    11,180 
                $32,367 

 

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) 
3-Month USD LIBOR BBA  Quarterly   Fixed 1.072%    Semi-Annually    7/24/25   USD   3,875,000   $(134,778)   $   $(134,778)
3-Month USD LIBOR BBA  Quarterly   Fixed 1.034%    Semi-Annually    7/24/25   USD   5,725,000    (203,331)        (203,331)
3-Month USD LIBOR BBA  Quarterly   Fixed 1.025%    Semi-Annually    7/24/25   USD   7,750,000    (276,420)        (276,420)
3-Month USD LIBOR BBA  Quarterly   Fixed 1.390%    Semi-Annually    9/28/25   USD   15,085,000    (413,098)        (413,098)
3-Month USD LIBOR BBA  Quarterly   Fixed 1.688%    Semi-Annually    12/07/25   USD   10,555,000    (214,390)        (214,390)
Fixed 1.808%  Semi-Annually   3-Month USD LIBOR BBA    Quarterly    7/24/53   USD   325,000    30,031        30,031
Fixed 1.785%  Semi-Annually   3-Month USD LIBOR BBA    Quarterly    7/24/53   USD   475,000    46,203        46,203
Fixed 1.773%  Semi-Annually   3-Month USD LIBOR BBA    Quarterly    7/24/53   USD   650,000    64,982        64,982
Fixed 1.870%  Semi-Annually   3-Month USD LIBOR BBA    Quarterly    9/28/53   USD   1,285,000    97,891        97,891
Fixed 1.743%  Semi-Annually   3-Month USD LIBOR BBA    Quarterly    12/07/53   USD   880,000    87,690        87,690 
                             $(915,220)   $   $(915,220)
## Exercise Rate.

 

Currency Legend

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 (the “1940 Act”), as an open-end management investment company. The Trust is organized under the laws of the Commonwealth of Massachusetts as a Massachusetts business trust pursuant to an Agreement and Declaration of Trust dated December 19, 1984, as restated May 14, 1993, and further amended and restated as of December 15, 2011, as it may be further amended from time to time. The Trust consists of the following series (each individually referred to as a ‘‘Fund’’ or collectively as the ‘‘Funds’’):

 

MML Conservative Allocation Fund (“Conservative Allocation Fund”)

MML Balanced Allocation Fund (“Balanced Allocation Fund”)

MML Moderate Allocation Fund (“Moderate Allocation Fund”)

MML Growth Allocation Fund (“Growth Allocation Fund”)

MML Aggressive Allocation Fund (“Aggressive Allocation Fund”)

MML American Funds Growth Fund (“MML American Funds Growth Fund”)

MML American Funds International Fund (“MML American Funds International Fund”)

MML American Funds Core Allocation Fund (“MML American Funds Core Allocation Fund”)

MML Blue Chip Growth Fund (“Blue Chip Growth Fund”)

MML Equity Income Fund (“Equity Income Fund”)

MML Equity Index Fund (“Equity Index Fund”)

MML Focused Equity Fund (“Focused Equity Fund”)

MML Foreign Fund (“Foreign Fund”)

MML Fundamental Equity Fund (“Fundamental Equity Fund”)

MML Fundamental Value Fund (“Fundamental Value Fund”)

MML Global Fund (“Global Fund”)

MML Growth & Income Fund (“Growth & Income 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 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 and non-affiliated mutual funds (together, the “MML Underlying Funds”).

 

MML American Funds Growth Fund and MML American Funds International Fund (each a “Feeder Fund,” collectively the “Feeder Funds”) invest all of their assets in Class 1 shares of the Growth and International Funds, respectively, each a series of the American Funds Insurance Series (each a “Master Fund,” collectively the “Master Funds”). Each Master Fund is an open-end investment company and organized as a Massachusetts business trust. Each Feeder Fund has an investment objective that is consistent with its corresponding Master Fund. Each Master Fund intends to comply with the requirements under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), applicable to mutual funds and intends to distribute substantially all of its taxable income and capital gains to shareholders, which includes the applicable Feeder Fund, to qualify as a regulated investment company. The performance of the Feeder Funds is directly affected by the performance of the Master Funds. The MML American Funds Core Allocation Fund invests all of its investable assets in shares of various series of American Funds Insurance Series, which are managed by Capital Research and Management Company (together, the “American Underlying Funds” and collectively with the MML Underlying Funds, the “Underlying Funds”).

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

2. Significant Accounting Policies

 

Each Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946, Financial Services – Investment Companies.

 

Investment Valuation

 

The net asset value of each Fund’s shares is determined once daily as of the close of regular trading on the New York Stock Exchange (“NYSE”), on each day the NYSE is open for trading (a “business day”). The NYSE normally closes at 4:00 p.m. Eastern Time, but may close earlier on some days. If the NYSE is scheduled to close early, the business day will be considered to end as of the time of the NYSE’s scheduled close. A Fund will not treat an intraday disruption in NYSE trading or other event that causes an unscheduled closing of the NYSE as a close of business of the NYSE for these purposes and will instead fair value securities in accordance with procedures approved annually by the Board of Trustees (“Trustees”), and under the general oversight of the Trustees. On holidays and other days when the NYSE is closed, each Fund’s net asset value generally is not calculated and the Funds do not anticipate accepting buy or sell orders. However, the value of each Fund’s assets may still be affected on such days to the extent that a Fund or an Underlying Fund or Master Fund holds foreign securities that trade on days that foreign securities markets are open.

 

The net asset value of each of the Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund is based upon the net asset value(s) of its corresponding Master Fund or Underlying Funds. Shares of the Master Fund and Underlying Funds are valued at their closing net asset values as reported on each business day.

 

The Prospectuses and Statements of Additional Information (“SAIs”) for the Underlying Funds and Master Funds, as applicable, explain the valuation methods for the Underlying Funds and Master Funds, including the circumstances under which the Underlying Funds or Master Funds, may use fair value pricing and the effects of doing so. Such Prospectuses and SAIs are available on the Securities and Exchange Commission’s (“SEC”) EDGAR database on its website at http://www.sec.gov.

 

Equity securities and derivative contracts that are actively traded on a national securities exchange or contract market are valued on the basis of information furnished by a pricing service, which provides the last reported sale price, or, in the case of futures contracts, the settlement price, for securities or derivatives listed on the exchange or contract market or the official closing price on the NASDAQ National Market System (“NASDAQ System”), or in the case of over-the-counter (“OTC”) securities for which an official closing price is unavailable or not reported on the NASDAQ System, the last reported bid price. Portfolio securities traded on more than one national securities exchange are valued at the last price at the close of the exchange representing the principal market for such securities. Debt securities are valued on the basis of valuations furnished by a pricing service, which generally determines valuations taking into account factors such as institutional-size trading in similar securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data. Shares of other open-end mutual funds are valued at their closing net asset values as reported on each business day.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Investments for which market quotations are readily available are marked to market daily based on those quotations. Market quotations may be provided by third-party vendors or market makers, and may be determined on the basis of a variety of factors, such as broker quotations, financial modeling, and other market data, such as market indexes and yield curves, counterparty information, and foreign exchange rates. U.S. Government and agency securities may be valued on the basis of market quotations or using a model that may incorporate market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, quoted market prices, and reference data. The fair values of OTC derivative contracts, including forward, swap, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices, may be based on market quotations or may be modeled using a series of techniques, including simulation models, depending on the contract and the terms of the transaction. The fair values of asset-backed securities and mortgage-backed securities are estimated based on models that consider the estimated cash flows of each debt tranche of the issuer, established benchmark yield, and estimated tranche-specific spread to the benchmark yield based on the unique attributes of the tranche, including, but not limited to, prepayment speed assumptions and attributes of the collateral.

 

Investments for which market quotations are not available or for which a pricing service or vendor does not provide a value, or for which such market quotations or values are considered by the investment adviser or 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) are stated at fair valuations determined in good faith by the Funds’ Valuation Committee1 in accordance with procedures approved annually by the Trustees, and under the general oversight of the Trustees. The Funds’ Valuation Committee employs various methods to determine fair valuations including a regular review of significant inputs and assumptions and review of any related market activity. The Funds’ Valuation Committee reports to the Trustees at its regularly scheduled meetings. It is possible that fair value prices will be used by the Funds to a significant extent. The value determined for an investment using the Funds’ fair value procedures may differ from recent market prices for the investment and may be significantly different from the value realized upon the sale of such investment.

 

The Funds and certain Underlying Funds or Master Funds may invest in securities that are traded principally in foreign markets and that trade on weekends and other days when the Funds do not price their shares. As a result, the values of the Funds’ portfolio securities may change on days when the prices of the Funds’ shares are not calculated. The prices of the Funds’ shares will reflect any such changes when the prices of the Funds’ shares are next calculated, which is the next business day. The Funds may use fair value pricing more frequently for securities primarily traded in foreign markets because, among other things, most foreign markets close well before the Funds value their securities. The earlier close of these foreign markets gives rise to the possibility that significant events, including broad market moves, may have occurred in the interim. The Funds’ investments may be priced based on fair values provided by a third-party vendor, based on certain factors and methodologies applied by such vendor, in the event that there is movement in the U.S. market, between the close of the foreign market and the time the Funds calculate their net asset values. All assets and liabilities expressed in foreign currencies are converted into U.S. dollars at the mean between the buying and selling rates of such currencies against the U.S. dollar at the end of each business day.

 

For 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, as described below, the fair valuation approaches used by third party service providers and/or the Funds’ subadvisers utilize one or a combination of, but not limited to, the following inputs:

 

1The voting members of the Valuation Committee consist of the President, Treasurer, Assistant Treasurers, Vice Presidents (except for the CCO, Secretary, and Assistant Secretaries) of the Trust, as well as such other members as the Trustees may from time to time designate. The non-voting members of the Valuation Committee consist of the CCO, Secretary, and Assistant Secretaries. The Valuation Committee reviews and determines the fair valuation of portfolio securities and the Funds’ pricing procedures in general.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Market approach: (i) recent market transactions, including subsequent rounds of financing, in the underlying investment or comparable issuers; (ii) recapitalizations and other transactions across the capital structure; and (iii) market multiples of comparable issuers.

 

Income approach: (i) future cash flows discounted to present value and adjusted as appropriate for liquidity, credit, and/or market risks; (ii) quoted prices for similar investments or assets in active markets; and (iii) other risk factors, such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, recovery rates, liquidation amounts, and/or default rates.

 

Cost approach: (i) audited or unaudited financial statements, investor communications, and financial or operational metrics issued by the Private Company; (ii) changes in the valuation of relevant indexes or publicly traded companies comparable to the Private Company; (iii) relevant news and other public sources; and (iv) known secondary market transactions in the Private Company’s interests and merger or acquisition activity in companies comparable to the Private Company.

 

Investments in series of preferred stock issued by Private Companies are typically valued utilizing Market approach in determining the enterprise value of the company. Such investments often contain rights and preferences that differ from other series of preferred and common stock of the same issuer. Valuation techniques such as the current value method (“CVM”), an option pricing model (“OPM”), a probability weighted expected return model (“PWERM”), or a hybrid of those techniques are used in allocating enterprise value of the company, as deemed appropriate under the circumstances. The CVM allocates value among the various parts of a company’s capital structure assuming that the value of convertible preferred stock is represented by the most favorable claim the preferred stockholders have on the enterprise value as of the valuation date. The use of OPM and PWERM techniques involve a determination of the exit scenarios of the investment in order to appropriately allocate the enterprise value of the company among the various parts of its capital structure.

 

The Private Companies are not subject to the public company disclosure, timing, and reporting standards as other investments held by a Fund. Typically, the most recently available information for a Private Company is as of a date that is earlier than the date a Fund is calculating its net asset value. This factor may result in a difference between the value of the investment and the price a Fund could receive upon the sale of the investment.

 

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three-tier hierarchy is utilized to maximize the use of observable market data inputs and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability and are developed based on the best information available in the circumstances. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below. The inputs or methodology used for valuing investments are not necessarily an indication of the risk associated with investing in those investments and the determination of the significance of a particular input to the fair value measurement in its entirety requires judgment and consideration of factors specific to each security.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Level 1 – quoted prices (unadjusted) in active markets for identical investments that the Funds can access at the measurement date

 

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

 

Level 3 – significant unobservable inputs, to the extent observable inputs are not available (including the Funds’ own assumptions in determining the fair value of investments)

 

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

 

Changes in valuation techniques may result in transfers in or out of an investment’s assigned Level within the hierarchy. In addition, in periods of market dislocation, the observability of prices and inputs may be reduced for many instruments. This condition, as well as changes related to liquidity of investments, could cause a security to be reclassified between Levels.

 

In certain cases, the inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest Level input that is significant to the overall fair value measurement.

 

The Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund characterized all investments at Level 1, as of March 31, 2022. The Focused Equity Fund, Fundamental Value Fund, Income & Growth Fund, Large Cap Growth Fund, Small Cap Growth Equity Fund, and Small/Mid Cap Value Fund characterized all long-term investments at Level 1, and all short-term investments at Level 2, as of March 31, 2022. For each Fund noted in the preceding sentences, the level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

 

The following is the aggregate value by input level, as of March 31, 2022, for the remaining Funds’ investments:

 

Blue Chip Growth Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $544,413,508   $6,404,998*  $1,239,185   $552,057,691 
Preferred Stock           857,256    857,256 
Mutual Funds   1,288,549            1,288,549 
Short-Term Investments   100    1,773,199        1,773,299 
Total Investments  $545,702,157   $8,178,197   $2,096,441   $555,976,795 

 

Equity Income Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $429,596,878   $12,931,170*  $   $442,528,048 
Preferred Stock   6,588,636            6,588,636 
Mutual Funds   9,238,457            9,238,457 
Short-Term Investments   1,075    5,600,854        5,601,929 
Total Investments  $445,425,046   $18,532,024   $   $463,957,070 

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Equity Index Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $728,865,263   $   $   $728,865,263 
Mutual Funds       385,515        385,515 
Short-Term Investments       2,945,502        2,945,502 
Total Investments  $728,865,263   $3,331,017   $   $732,196,280 
Asset Derivatives                    
Futures Contracts  $201,882   $   $   $201,882 

 

Foreign Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock*                    
Australia  $826,575   $8,217,837   $   $9,044,412 
Austria       681,824        681,824 
Belgium       5,515,969        5,515,969 
Canada   660,345            660,345 
Cayman Islands       5,895,741        5,895,741 
Finland       1,189,606        1,189,606 
France       20,819,639        20,819,639 
Germany       26,160,926        26,160,926 
Ireland   2,140,181    6,538,097        8,678,278 
Israel   2,461,028            2,461,028 
Italy       1,062,782        1,062,782 
Japan       50,335,285        50,335,285 
Luxembourg       2,150,381        2,150,381 
Netherlands   2,776,168    10,004,241        12,780,409 
Norway       2,078,480        2,078,480 
Republic of Korea       4,038,924        4,038,924 
Singapore       3,536,051        3,536,051 
Sweden       5,683,020        5,683,020 
Switzerland       21,413,970        21,413,970 
United Kingdom   919,805    34,127,331        35,047,136 
Mutual Funds   4,049,203            4,049,203 
Total Investments  $13,833,305   $209,450,104    $   $223,283,409 

 

Fundamental Equity Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $223,051,193   $974,672*  $   $224,025,865 
Short-Term Investments       648,435        648,435 
Total Investments  $223,051,193   $1,623,107   $   $224,674,300 

 

Global Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock*                    
Austria  $   $557,589   $   $557,589 
Canada   6,657,791            6,657,791 
Denmark       797,154        797,154 
France       17,933,283        17,933,283 
Germany       6,811,987        6,811,987 
Ireland   14,480,568    3,286,535        17,767,103 
Israel   1,594,000            1,594,000 
Japan       3,092,511        3,092,511 
Mexico   435,148            435,148 
Netherlands       4,041,186        4,041,186 
Republic of Korea       1,350,440        1,350,440 
Spain       1,442,535        1,442,535 
Sweden       2,044,240        2,044,240 
Switzerland       14,471,384        14,471,384 
United Kingdom   694,198    11,776,716        12,470,914 
United States   72,093,851            72,093,851 
Warrants   83,333            83,333 
Short-Term Investments       515,689        515,689 
Total Investments   $96,038,889    $68,121,249    $    $164,160,138 

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Growth & Income Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $151,974,933   $6,140,299*  $   $158,115,232 
Short-Term Investments       835,080        835,080 
Total Investments  $151,974,933   $6,975,379   $   $158,950,312 

 

International Equity Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock*                    
Australia  $   $1,702,343   $   $1,702,343 
Belgium       2,665,241        2,665,241 
Canada   9,478,961            9,478,961 
Cayman Islands   792,576    4,658,122        5,450,698 
Denmark       4,972,236        4,972,236 
Finland       489,459        489,459 
France       40,468,350        40,468,350 
Germany       37,004,201        37,004,201 
Hong Kong       3,609,861        3,609,861 
India   704,927    786,437        1,491,364 
Indonesia       97,505        97,505 
Ireland   2,462,185    2,045,908        4,508,093 
Israel   2,067,955            2,067,955 
Italy       5,386,278        5,386,278 
Japan       24,390,662        24,390,662 
Mexico   957,060            957,060 
Netherlands       11,451,060        11,451,060 
Portugal       1,147,825        1,147,825 
Republic of Korea       1,273,684        1,273,684 
Singapore       2,134,776        2,134,776 
Spain       2,423,124        2,423,124 
Sweden       3,362,530        3,362,530 
Switzerland       32,363,128        32,363,128 
Taiwan   2,522,049            2,522,049 
United Kingdom   1,316,316    28,707,330        30,023,646 
United States   991,518            991,518 
Preferred Stock*                    
Republic of Korea       1,049,994        1,049,994 
Mutual Funds   626,054            626,054 
Short-Term Investments       3,242,074        3,242,074 
Total Investments   21,919,601    215,432,128        237,351,729 
Asset Derivatives                    
Forward Contracts  $   $3,748   $   $3,748 
Liability Derivatives                    
Forward Contracts  $   $(234)  $   $(234)

 

Managed Volatility Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $130,517,868   $   $   $130,517,868 
Corporate Debt           +    
Purchased Options   1,180,794            1,180,794 
Short-Term Investments       1,802,855        1,802,855 
Total Investments  $131,698,662   $1,802,855   $   $133,501,517 
Liability Derivatives                    
Written Options  $(2,302,051)  $   $   $(2,302,051)

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Mid Cap Growth Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $373,284,774   $5,171,949   $981,778   $379,438,501 
Preferred Stock           1,719,646    1,719,646 
Mutual Funds       4,007,609        4,007,609 
Short-Term Investments   102    11,692,289        11,692,391 
Total Investments  $373,284,876   $20,871,847   $2,701,424   $396,858,147 

 

Mid Cap Value Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $312,401,290   $21,970,200*  $   $334,371,490 
Mutual Funds   6,996,188    2,365        6,998,553 
Short-Term Investments       6,728,021        6,728,021 
Total Investments  $319,397,478   $28,700,586   $   $348,098,064 
Asset Derivatives                    
Forward Contracts  $   $68,129   $   $68,129 
Liability Derivatives                    
Forward Contracts  $   $(49,624)  $   $(49,624)

 

Small Company Value Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $90,022,878   $721,746*  $   $90,744,624 
Mutual Funds   2,055,914            2,055,914 
Short-Term Investments       773,980        773,980 
Total Investments  $92,078,792   $1,495,726   $   $93,574,518 
Asset Derivatives                    
Forward Contracts  $   $47   $   $47 
Liability Derivatives                    
Forward Contracts  $   $(3,333)  $   $(3,333)

 

Total Return Bond Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $209,991   $   $   $209,991 
Bank Loans (Less Unfunded Loan Commitments)       6,776,949        6,776,949 
Corporate Debt       102,487,987    +   102,487,987 
Municipal Obligations       3,744,521        3,744,521 
Non-U.S. Government Agency Obligations       51,667,401        51,667,401 
Sovereign Debt Obligations       4,487,875        4,487,875 
U.S. Government Agency Obligations and Instrumentalities       124,348,985        124,348,985 
U.S. Treasury Obligations       107,634,267        107,634,267 
Purchased Options   45,644            45,644 
Rights           +    
Mutual Funds       32,765,090        32,765,090 
Short-Term Investments       27,278,421        27,278,421 
Unfunded Loan Commitments**       462        462 
Total Investments  $255,635    461,191,958   $   $461,447,593 
Asset Derivatives                    
Futures Contracts   32,367            32,367 
Swap Agreements       326,797        326,797 
Total  $32,367   $326,797   $   $359,164 
Liability Derivatives                    
Swap Agreements       (1,242,017)       (1,242,017)
Written Options   (1,090,018)   (298,300)       (1,388,318)
Total  $(1,090,018)  $(1,540,317)  $   $(2,630,335)

 

*Includes foreign equity securities whose values were adjusted to reflect market trading of comparable securities or other correlated instruments after the close of trading in their respective foreign markets, as applicable.

**Unfunded loan commitments are valued at the unrealized appreciation (depreciation) on the commitment.

+Represents a security at $0 value as of March 31, 2022.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Derivative Instruments

 

Derivatives are financial instruments whose values are based on the values of one or more underlying indicators, such as a security, asset, currency, interest rate, or index. Derivative transactions can create investment leverage and may be highly volatile. Losses from derivatives can be substantially greater than the derivatives’ original cost and can sometimes be unlimited. A Fund may not be able to close out a derivative transaction at a favorable time or price.

 

Please refer to the Funds’ most recent Annual/Semiannual reports and Prospectus(es) and Statement(s) of Additional Information which can be found on the SEC’s EDGAR database on its website at http://www.sec.gov for more information regarding the derivatives and other investments held by the Fund(s).

 

Securities Lending

 

Each Fund, other than the Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund, may lend its securities; however, lending cannot exceed 33% of the total assets of the Fund taken at current value. The Funds’ securities lending activities are governed by a Securities Lending Agency Agreement (“Lending Agreement”) between each Fund and the lending agent (“Agent”). The Lending Agreement authorizes the Agent to lend portfolio securities held by a Fund to approved borrowers (each, a “Borrower”).

 

Each Fund expects that in connection with any securities on loan, the loan will be secured continuously by collateral consisting of cash (U.S. currency) and/or securities (U.S. Treasury and Agency obligations) adjusted daily to have value at least equal to the current market value of the securities loaned. The market value of the loaned securities is determined at the close of business of a Fund and any additional collateral is delivered to the Fund the next business day. The Funds bear the risk of loss with respect to the investment of cash collateral. As with other extensions of credit, the Funds may bear the risk of delay in recovery of the loaned securities or even loss of rights in the collateral should the Borrower of the securities fail financially. Pursuant to the Lending Agreement, the Agent has provided indemnification to the Funds in the event of default by a Borrower with respect to a loan. The Funds receive compensation for lending their securities in the form of a securities loan fee paid by the Borrower, as well as a share of the income earned on investment of the cash collateral received for the loaned securities. At March 31, 2022, the Funds’ collateral was equal to or greater than 100% of the market value of securities on loan and all of the Funds' cash collateral was invested in the State Street Navigator Securities Lending Government Money Market Portfolio.

 

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.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Foreign Currency Translation

 

The books and records of the Funds are maintained in U.S. dollars. The market values of foreign currencies, foreign securities, and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at the mean of the buying and selling rates of such currencies against the U.S. dollar at the end of each business day. Purchases and sales of foreign securities and income and expense items are translated at the rates of exchange prevailing on the respective dates of such transactions. The Funds do not isolate that portion of the results of operations arising from changes in the exchange rates from that portion arising from changes in the market prices of securities. Net realized foreign currency gains and losses resulting from changes in exchange rates include foreign currency gains and losses between trade date and settlement date on investment securities transactions, foreign currency transactions, and the difference between the amounts of dividends or interest recorded on the books of the Funds and the amount actually received.

 

Foreign Securities

 

The Global Fund invests a significant amount of its assets in foreign securities and each of the Foreign Fund and the International Equity Fund invests substantially all of its assets in foreign securities. The other Funds, except for the Allocation Funds, Feeder Funds, and MML American Funds Core Allocation Fund may also invest in foreign securities. In addition, certain Underlying Funds or Master Funds may invest in foreign securities. Foreign securities, including American Depositary Receipts, are subject to additional risks compared to securities of U.S. issuers, including international trade, currency, political, regulatory, and diplomatic risks. In addition, fluctuations in currency exchange rates may adversely 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, greater price volatility, higher relative rates of inflation, greater political, economic, and social instability, greater custody and operational risks, and greater volatility in currency exchange rates.

 

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 federal income taxes on their ordinary income and net realized capital gains to the extent they are distributed or deemed to have been distributed to their shareholders. Therefore, the Funds have not made any provision for federal income tax.

 

Dividends and Distributions to Shareholders

 

Dividends from net investment income and distributions of any net realized capital gains of each Fund are declared and paid annually and at other times as may be required to satisfy tax or regulatory requirements.

 

Distributions to shareholders are recorded on the ex-dividend date. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from generally accepted accounting principles. As a result, net investment income and net realized capital gains on investment transactions for a reporting period may differ significantly from distributions during such period.

 

3. Federal Income Tax Information

 

At March 31, 2022, the aggregate cost of investments and the unrealized appreciation (depreciation) in the value of all investments owned by the Fund(s), as computed on a federal income tax basis, were as follows:

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

  Federal Income
Tax Cost
  Tax Basis
Unrealized
Appreciation
  Tax Basis
Unrealized
(Depreciation)
  Net Unrealized
Appreciation
(Depreciation)
 
                         
Conservative Allocation Fund $ 370,825,406   $ 20,785,001   $ (17,669,278)   $ 3,115,723  
Balanced Allocation Fund   418,025,330     29,507,393     (14,233,210)     15,274,183  
Moderate Allocation Fund   1,512,919,215     108,947,277     (40,272,051)     68,675,226  
Growth Allocation Fund   1,037,330,968     96,050,362     (24,438,942)     71,611,420  
Aggressive Allocation Fund   145,398,303     12,164,316     (3,510,254)     8,654,062  
MML American Funds Growth Fund   187,177,515     76,337,389         76,337,389  
MML American Funds International Fund   51,143,718     2,845,579         2,845,579  
MML American Funds Core Allocation Fund   743,177,057     125,659,112     (14,342,071)     111,317,041  
Blue Chip Growth Fund   365,509,300     222,146,412     (31,678,917)     190,467,495  
Equity Income Fund   340,133,920     128,132,533     (4,309,383)     123,823,150  
Equity Index Fund   356,776,463     387,607,693     (12,187,876)     375,419,817  
Focused Equity Fund   285,333,800     62,448,451     (2,667,591)     59,780,860  
Foreign Fund   211,664,190     31,397,757     (19,778,538)     11,619,219  
Fundamental Equity Fund   192,671,543     39,748,312     (7,745,555)     32,002,757  
Fundamental Value Fund   144,872,956     49,711,034     (2,335,156)     47,375,878  
Global Fund   126,506,471     41,031,001     (3,377,334)     37,653,667  
Growth & Income Fund   87,480,451     72,518,495     (1,048,634)     71,469,861  
Income & Growth Fund   188,292,078     63,579,477     (3,700,552)     59,878,925  
International Equity Fund   246,294,729     13,390,171     (22,333,171)     (8,943,000)  
Large Cap Growth Fund   162,790,318     49,090,824     (3,486,730)     45,604,094  
Managed Volatility Fund   75,009,763     61,575,770     (3,084,016)     58,491,754  
Mid Cap Growth Fund   315,054,179     105,591,036     (23,787,068)     81,803,968  
Mid Cap Value Fund   304,776,150     49,146,101     (5,824,187)     43,321,914  
Small Cap Growth Equity Fund   162,142,719     28,885,636     (11,572,494)     17,313,142  
Small Company Value Fund   97,086,007     4,123,682     (7,635,171)     (3,511,489)  
Small/Mid Cap Value Fund   139,307,124     30,241,690     (5,490,430)     24,751,260  
Total Return Bond Fund   471,951,983     2,062,202     (12,566,592)     (10,504,390)  

 

4. New Accounting Pronouncements

 

In January 2021, FASB issued Accounting Standards Update 2021-01 — Reference Rate Reform (Topic 848) — Scope (“ASU 2021-01”) as an update to Accounting Standards Update 2020-04 — Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”) in order to make certain clarifications. ASU 2020-04 and ASU 2021-01 provide optional temporary financial reporting relief from the effect of certain types of contract modifications due to the planned discontinuation of the London Interbank Offered Rate (“LIBOR”) and other interbank-offered based reference rates. The temporary relief provided by ASU 2020-04 and ASU 2021-01 is effective for certain reference rate-related contract modifications that occur during the period March 12, 2020 through December 31, 2022. Management does not believe the impact of adopting ASU 2020-04 and ASU 2021-01 will have a material impact on the financial statements.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

5. Coronavirus (COVID-19) Pandemic

 

The global pandemic outbreak of the novel coronavirus known as COVID-19 and efforts to contain its spread have produced, and will likely continue to produce, substantial market volatility, severe market dislocations and liquidity constraints in many markets, exchange trading suspensions and closures, higher default rates, and global business disruption, and they may result in future significant adverse effects, such as declines in global financial markets and a substantial economic downturn or recession throughout the world. Such factors may have a significant adverse effect on a Fund’s performance and have the potential to impair the ability of a Fund’s investment adviser, subadviser, or other service providers to serve the Fund and could lead to disruptions that negatively impact the Fund.

 

6. Russian-Ukraine War

 

In February 2022, Russia commenced a large-scale military attack on Ukraine. The outbreak of hostilities between the two countries could result in more widespread conflict and could have a severe adverse effect on the regional and the global financial markets and economies. One or more of the Underlying Funds hold positions in securities or other instruments that are economically tied to Russia. Investments in Russia are subject to political, economic, legal, market, and currency risks, as well as the risks related to the economic sanctions on Russia, Russian individuals, and Russian corporate and banking entities imposed by the United States and/or other countries. Such sanctions — which affect companies in many sectors, including energy, financial services, and defense, among others — could adversely affect the global energy and financial markets and, thus, could affect the value of a Fund’s investments, even beyond any direct exposure the Fund may have to Russian issuers or the adjoining geographic regions. Such sanctions may also result in a decline in the value and liquidity of Russian securities and a weakening of the ruble, and will impair a Fund’s ability to buy, sell, receive, or deliver Russian securities. In addition, certain transactions have been or may be prohibited and/or existing investments have or may become illiquid (e.g., because transacting in certain existing investments is prohibited), which could cause a Fund to sell other portfolio holdings at a disadvantageous time or price in order to meet shareholder redemptions.

 

7. Subsequent Events

 

Effective April 29, 2022, the MML Growth & Income Fund changed its name to the MML Sustainable Equity Fund.