N-Q 1 d425543dnq.htm METROPOLITAN SERIES FUND Metropolitan Series Fund
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-3618

 

 

Metropolitan Series Fund

(Exact name of registrant as specified in charter)

 

 

501 Boylston Street

Boston, Massachusetts 02116

(Address of Principal Executive Office)

 

 

MICHAEL P. LAWLOR, ESQ.

MetLife Advisers, LLC

501 Boylston Street

Boston, Massachusetts 02116

(Name and address of agent for service)

 

 

Copy to:

DAVID C. MAHAFFEY, ESQ.

Sullivan & Worcester LLP

1666 K Street, N.W.

Washington, D.C. 20006

 

 

Registrant’s telephone number, including area code: 617-578-4036

Date of fiscal year end: December 31

Date of reporting period: July 1, 2012 to September 30, 2012

 

 

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. §3507.

 

 

 


Table of Contents

Item 1. Schedule of Investments.

The following is a copy of the unaudited schedules as of the close of the reporting period as set forth in §§ 210.12-12 – 12-14 of Regulation S-X [17 CFR 210.12-12 – 12.14]:


Table of Contents

LOGO

 

 

Metropolitan Series Fund

Schedule of Investments

   September 30, 2012


Table of Contents

Metropolitan Series Fund

 

Table of Contents

 

Schedule of Investments as of September 30, 2012   

Baillie Gifford International Stock Portfolio

   MSF-1

Barclays Capital Aggregate Bond Index Portfolio

   MSF-4

BlackRock Aggressive Growth Portfolio

   MSF-16

BlackRock Bond Income Portfolio

   MSF-19

BlackRock Diversified Portfolio

   MSF-34

BlackRock Large Cap Value Portfolio

   MSF-50

BlackRock Legacy Large Cap Growth Portfolio

   MSF-53

BlackRock Money Market Portfolio

   MSF-56

Davis Venture Value Portfolio

   MSF-59

FI Value Leaders Portfolio

   MSF-63

Jennison Growth Portfolio

   MSF-66

Loomis Sayles Small Cap Core Portfolio

   MSF-69

Loomis Sayles Small Cap Growth Portfolio

   MSF-74

Met/Artisan Mid Cap Value Portfolio

   MSF-77

Met/Dimensional International Small Company Portfolio

   MSF-80

MetLife Conservative Allocation Portfolio

   MSF-119

MetLife Conservative to Moderate Allocation Portfolio

   MSF-120

MetLife Mid Cap Stock Index Portfolio

   MSF-122

MetLife Moderate Allocation Portfolio

   MSF-129

MetLife Moderate to Aggressive Allocation Portfolio

   MSF-131

MetLife Stock Index Portfolio

   MSF-133

MFS Total Return Portfolio

   MSF-141

MFS Value Portfolio

   MSF-152

MSCI EAFE Index Portfolio

   MSF-156

Neuberger Berman Genesis Portfolio

   MSF-166

Oppenheimer Global Equity Portfolio

   MSF-169

Russell 2000 Index Portfolio

   MSF-172

T. Rowe Price Large Cap Growth Portfolio

   MSF-190

T. Rowe Price Small Cap Growth Portfolio

   MSF-195

Van Eck Global Natural Resources Portfolio

   MSF-200

Western Asset Management Strategic Bond Opportunities Portfolio

   MSF-202

Western Asset Management U.S. Government Portfolio

   MSF-217

Zenith Equity Portfolio

   MSF-223

Notes to Schedule of Investments

   MSF-224

 

Not all Portfolios are available under every product.

Refer to your prospectus for information on the Portfolios that are available.

 


Table of Contents

Metropolitan Series Fund

 

Baillie Gifford International Stock Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—98.2% of Net Assets

 

Security Description   Shares     Value  
   

Argentina—1.4%

   

MercadoLibre, Inc. (USD) (a)

    264,400      $ 21,826,220   
   

 

 

 

Australia—4.0%

   

Brambles, Ltd. (a)

    2,211,158        16,040,693   

Cochlear, Ltd. (a)

    221,733        15,407,481   

James Hardie Industries NV

    1,780,375        15,995,629   

Woolworths, Ltd.

    490,900        14,613,618   
   

 

 

 
      62,057,421   
   

 

 

 

Belgium—0.7%

   

Groupe Bruxelles Lambert S.A.

    140,169        10,414,423   
   

 

 

 

Brazil—2.5%

   

Itau Unibanco Holding S.A. (ADR)

    605,700        9,255,096   

Petroleo Brasileiro S.A. (ADR)

    638,700        14,651,778   

Vale S.A. (ADR)

    856,400        14,867,104   
   

 

 

 
      38,773,978   
   

 

 

 

Canada—4.3%

   

Cenovus Energy, Inc. (a)

    312,081        10,891,566   

Eldorado Gold Corp.

    999,134        15,234,481   

Fairfax Financial Holdings, Ltd. (a)

    64,569        24,940,277   

Ritchie Bros. Auctioneers, Inc. (USD) (a)

    472,342        9,083,137   

Westport Innovations, Inc. (a) (b)

    228,269        6,371,378   
   

 

 

 
      66,520,839   
   

 

 

 

China—5.3%

   

Baidu, Inc. (ADR) (b)

    170,000        19,859,400   

China Shenhua Energy Co., Ltd.

    5,317,000        20,458,126   

Kunlun Energy Co., Ltd. (a)

    13,204,000        23,102,442   

Want Want China Holdings, Ltd. (a)

    14,956,000        19,111,066   
   

 

 

 
      82,531,034   
   

 

 

 

Denmark—2.0%

   

DSV A/S

    721,312        16,231,098   

Novozymes A/S

    545,000        15,032,918   
   

 

 

 
      31,264,016   
   

 

 

 

Finland—3.3%

   

Kone Oyj

    439,258        30,463,129   

Sampo Oyj

    672,615        20,980,608   
   

 

 

 
      51,443,737   
   

 

 

 

France—4.2%

   

CFAO S.A.

    263,226        12,619,715   

Cie Generale d’Optique Essilor International S.A. (a)

    254,611        23,875,768   

Edenred S.A. (a)

    533,262        15,010,494   

Lafarge S.A. (a)

    266,177        14,396,441   
   

 

 

 
      65,902,418   
   

 

 

 

Germany—2.1%

   

Aixtron SE (a)

    396,400        5,284,838   

Continental AG

    104,683        10,269,800   

Deutsche Boerse AG

    309,018        17,113,524   
   

 

 

 
      32,668,162   
   

 

 

 
   

Hong Kong—3.7%

   

Cheung Kong Holdings, Ltd.

    987,000      $ 14,410,081   

Hang Seng Bank, Ltd. (a)

    1,189,800        18,234,704   

Hong Kong Exchanges & Clearing, Ltd. (a)

    1,659,900        24,962,120   
   

 

 

 
      57,606,905   
   

 

 

 

India—0.7%

   

Infrastructure Development Finance Co., Ltd.

    3,663,458        10,679,574   
   

 

 

 

Ireland—2.0%

   

CRH plc (a)

    662,629        12,790,316   

Ryanair Holdings plc (ADR) (b)

    544,135        17,548,354   
   

 

 

 
      30,338,670   
   

 

 

 

Japan—8.7%

   

Canon, Inc. (a)

    335,267        10,729,478   

Fast Retailing Co., Ltd. (a)

    90,500        20,962,406   

Inpex Corp.

    1,976        11,705,200   

Mitsui & Co., Ltd. (a)

    765,500        10,762,057   

Olympus Corp. (a)

    657,300        12,793,102   

Rakuten, Inc. (a)

    1,956,700        19,909,585   

Shimano, Inc. (a)

    169,200        12,319,029   

SMC Corp. (a)

    98,700        15,899,274   

Tokyo Electron, Ltd. (a)

    229,100        9,750,808   

Trend Micro, Inc.

    353,900        9,878,666   
   

 

 

 
      134,709,605   
   

 

 

 

Netherlands—2.7%

   

Heineken Holding NV

    396,300        19,282,998   

Unilever NV

    640,399        22,685,704   
   

 

 

 
      41,968,702   
   

 

 

 

Norway—1.7%

   

Aker Solutions ASA

    805,000        15,312,479   

Seadrill, Ltd. (a)

    289,437        11,327,554   
   

 

 

 
      26,640,033   
   

 

 

 

Peru—1.4%

   

Credicorp, Ltd. (USD)

    171,013        21,424,509   
   

 

 

 

Portugal—0.5%

   

Galp Energia, SGPS, S.A.

    438,313        7,125,524   
   

 

 

 

Russia—1.9%

   

Magnit OAO (GDR)

    574,724        19,595,758   

Sberbank of Russia (ADR) (b)

    774,664        9,118,994   
   

 

 

 
      28,714,752   
   

 

 

 

Singapore—2.9%

   

DBS Group Holdings, Ltd. (a)

    1,599,000        18,676,239   

United Overseas Bank, Ltd.

    1,676,000        26,760,830   
   

 

 

 
      45,437,069   
   

 

 

 

South Africa—3.2%

   

Massmart Holdings, Ltd. (a)

    544,330        10,919,513   

Naspers, Ltd.

    613,961        38,027,761   
   

 

 

 
      48,947,274   
   

 

 

 

 

MSF-1


Table of Contents

Metropolitan Series Fund

 

Baillie Gifford International Stock Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  
   

South Korea—4.3%

   

Hyundai Mobis

    48,675      $ 13,551,255   

NHN Corp. (b)

    42,197        11,001,298   

Samsung Electronics Co., Ltd.

    35,180        42,354,328   
   

 

 

 
      66,906,881   
   

 

 

 

Spain—1.7%

   

Inditex S.A.

    208,871        25,930,456   
   

 

 

 

Sweden—5.2%

   

Atlas Copco AB (Series B)

    2,041,681        42,863,341   

Svenska Handelsbanken AB

    1,024,000        38,467,000   
   

 

 

 
      81,330,341   
   

 

 

 

Switzerland—2.9%

   

Nestle S.A.

    716,824        45,218,074   
   

 

 

 

Taiwan—3.8%

   

Hon Hai Precision Industry Co., Ltd.

    5,391,100        16,696,514   

Taiwan Semiconductor Manufacturing Co., Ltd.

    13,817,000        42,102,213   
   

 

 

 
      58,798,727   
   

 

 

 

Turkey—1.3%

   

BIM Birlesik Magazalar AS

    313,061        13,072,215   

Turkiye Garanti Bankasi AS

    1,792,600        7,492,609   
   

 

 

 
      20,564,824   
   

 

 

 

United Kingdom—19.2%

   

Amlin plc

    2,841,700        18,538,239   

Antofagasta plc

    877,300        17,960,371   

ARM Holdings plc

    2,412,100        22,492,527   

BG Group plc

    826,100        16,727,781   

BHP Billiton plc

    530,600        16,570,072   

British American Tobacco plc

    644,486        33,138,589   

Burberry Group plc

    517,800        8,407,724   

Capita Group plc

    1,631,700        20,444,070   

Experian plc

    1,475,300        24,549,869   

Hargreaves Lansdown plc

    788,200        8,010,211   

Petrofac, Ltd.

    378,100        9,767,684   

Premier Farnell plc

    2,399,384        6,676,951   

Prudential plc

    1,546,951        20,072,988   

Rio Tinto plc

    591,400        27,645,781   

Tullow Oil plc

    1,237,850        27,457,160   

Wolseley plc (b)

    467,400        19,999,670   
   

 

 

 
      298,459,687   
   

 

 

 

United States—0.6%

   

Pricesmart, Inc. (a)

    125,102        9,472,723   
   

 

 

 

Total Common Stock
(Identified Cost $1,445,635,490)

      1,523,676,578   
   

 

 

 

 

Short Term Investments—15.7%   
Security Description   Shares/Par
Amount
    Value  
   

United States—15.7%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $27,195,023 on 10/01/12, collateralized by $14,470,000 Federal Home Loan Mortgage Corp. at 0.600% due 12/06/13 with a value of $14,488,088; and by $13,140,000 U.S. Treasury Note at 0.750% due 12/15/13 with a value of $13,253,477.

  $ 27,195,000      $ 27,195,000   

State Street Navigator Securities Lending Prime Portfolio (c)

    217,086,566        217,086,566   
   

 

 

 

Total Short Term Investments
(Identified Cost $244,281,566)

      244,281,566   
   

 

 

 

Total Investments—113.9%
(Identified Cost $1,689,917,056) (d)

      1,767,958,144   

Liabilities in excess of other assets

      (215,292,551
   

 

 

 
Net Assets—100.0%     $ 1,552,665,593   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $211,727,165 and the collateral received consisted of cash in the amount of $217,086,566 and non-cash collateral with a value of $4,811,131. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $1,689,917,056. The aggregate unrealized appreciation and depreciation of investments was $128,720,949 and $(50,679,861), respectively, resulting in net unrealized appreciation of $78,041,088.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(GDR)— A Global Depository Receipt is a negotiable certificate issued by one country’s bank against a certain number of shares of a company’s stock held in its custody but traded on the stock exchange of another country.
(USD)— United States Dollar

 

Ten Largest Industries as of
September 30, 2012

  

% of
Net Assets

 

Commercial Banks

     9.6%   

Oil, Gas & Consumable Fuels

     8.5%   

Semiconductors & Semiconductor Equipment

     7.9%   

Machinery

     6.2%   

Metals & Mining

     5.9%   

Food Products

     5.6%   

Insurance

     5.4%   

Food & Staples Retailing

     4.4%   

Diversified Financial Services

     4.1%   

Internet Software & Services

     3.4%   

 

MSF-2


Table of Contents

Metropolitan Series Fund

 

Baillie Gifford International Stock Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Argentina

   $ 21,826,220       $ —         $ —         $ 21,826,220   

Australia

     —           62,057,421         —           62,057,421   

Belgium

     —           10,414,423         —           10,414,423   

Brazil

     38,773,978         —           —           38,773,978   

Canada

     66,520,839         —           —           66,520,839   

China

     19,859,400         62,671,634         —           82,531,034   

Denmark

     —           31,264,016         —           31,264,016   

Finland

     —           51,443,737         —           51,443,737   

France

     —           65,902,418         —           65,902,418   

Germany

     —           32,668,162         —           32,668,162   

Hong Kong

     —           57,606,905         —           57,606,905   

India

     —           10,679,574         —           10,679,574   

Ireland

     17,548,354         12,790,316         —           30,338,670   

Japan

     —           134,709,605         —           134,709,605   

Netherlands

     —           41,968,702         —           41,968,702   

Norway

     —           26,640,033         —           26,640,033   

Peru

     21,424,509         —           —           21,424,509   

Portugal

     —           7,125,524         —           7,125,524   

Russia

     —           28,714,752         —           28,714,752   

Singapore

     —           45,437,069         —           45,437,069   

South Africa

     —           48,947,274         —           48,947,274   

South Korea

     —           66,906,881         —           66,906,881   

Spain

     —           25,930,456         —           25,930,456   

Sweden

     —           81,330,341         —           81,330,341   

Switzerland

     —           45,218,074         —           45,218,074   

Taiwan

     —           58,798,727         —           58,798,727   

Turkey

     —           20,564,824         —           20,564,824   

United Kingdom

     —           298,459,687         —           298,459,687   

United States

     9,472,723         —           —           9,472,723   

Total Common Stock

     195,426,023         1,328,250,555         —           1,523,676,578   
Short Term Investments            

United States

     217,086,566         27,195,000         —           244,281,566   

Total Investments

   $ 412,512,589       $ 1,355,445,555       $ —         $ 1,767,958,144   
                                     

 

MSF-3


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

U.S. Treasury & Government Agencies—70.9% of Net Assets

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—30.0%

  

 

Fannie Mae 15 Yr. Pool
3.000%, 11/01/25

  $ 1,564,018      $ 1,656,659   

3.000%, 12/01/25

    1,967,020        2,083,533   

3.000%, 10/01/26

    2,745,256        2,908,229   

3.000%, 03/01/27

    3,333,406        3,535,627   

3.500%, 02/01/26

    5,608,690        5,968,908   

3.500%, 03/01/26

    2,497,346        2,657,738   

4.000%, 04/01/19

    504,567        540,574   

4.000%, 05/01/19

    924,848        990,847   

4.000%, 01/01/20

    685,076        734,847   

4.000%, 06/01/24

    1,691,610        1,805,183   

4.000%, 08/01/25

    2,652,985        2,832,867   

4.500%, 07/01/18

    1,180,569        1,271,659   

4.500%, 05/01/19

    314,918        339,268   

4.500%, 08/01/24

    1,830,028        1,972,853   

4.500%, 06/01/25

    3,026,528        3,270,969   

5.000%, 06/01/18

    305,446        331,219   

5.000%, 01/01/19

    672,100        730,613   

5.000%, 02/01/20

    702,599        763,774   

5.000%, 01/01/22

    852,304        924,966   

5.000%, 02/01/24

    2,482,683        2,693,331   

5.500%, 11/01/17

    195,803        211,920   

5.500%, 02/01/18

    119,798        130,022   

5.500%, 04/01/18

    875,325        950,026   

6.000%, 09/01/13

    42,094        42,779   

6.000%, 10/01/13

    29,226        29,702   

6.000%, 03/01/14

    8,140        8,272   

6.000%, 06/01/14

    1,913        1,983   

6.000%, 07/01/14

    7,930        8,221   

6.000%, 09/01/17

    312,455        337,830   

6.500%, 01/01/13

    479        480   

6.500%, 04/01/13

    48        49   

6.500%, 06/01/13

    4,200        4,276   

6.500%, 07/01/13

    48        49   

6.500%, 06/01/14

    2,905        3,024   

6.500%, 04/01/17

    963,467        1,045,960   

7.000%, 02/01/14

    467        469   

7.500%, 08/01/15

    5,542        5,853   

Fannie Mae 20 Yr. Pool
3.500%, 04/01/32

    3,700,416        3,974,468   

4.000%, 02/01/31

    2,330,101        2,521,780   

4.500%, 08/01/30

    1,770,389        1,922,068   

5.000%, 02/01/24

    663,580        732,654   

5.000%, 09/01/25

    622,163        683,006   

5.500%, 07/01/23

    406,366        448,901   

5.500%, 01/01/24

    242,389        267,760   

5.500%, 07/01/24

    711,512        785,335   

7.000%, 10/01/21

    34,655        39,515   

Fannie Mae 30 Yr. Pool
3.000%, 09/01/42

    3,314,819        3,502,869   

3.500%, 12/01/40

    4,386,660        4,698,963   

3.500%, 04/01/42

    5,155,920        5,535,594   

3.500%, 05/01/42

    6,583,903        7,062,530   

3.500%, 06/01/42

    4,668,667        5,008,062   

3.500%, 09/01/42

    3,759,588        4,036,438   

4.000%, 08/01/39

    3,197,761        3,437,640   

4.000%, 09/01/39

    2,855,687        3,069,906   

4.000%, 06/01/40

    3,301,514        3,552,444   
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

4.000%, 09/01/40

  $ 2,580,517      $ 2,776,648   

4.000%, 12/01/40

    11,669,825        12,556,785   

4.000%, 01/01/41

    4,520,627        4,867,560   

4.000%, 12/01/41

    3,483,535        3,750,878   

4.000%, 02/01/42

    3,480,471        3,777,273   

4.500%, 08/01/33

    645,533        697,557   

4.500%, 10/01/33

    966,739        1,044,648   

4.500%, 04/01/34

    728,101        786,811   

4.500%, 01/01/39

    1,255,502        1,353,874   

4.500%, 07/01/39

    4,302,790        4,646,181   

4.500%, 09/01/39

    8,056,255        8,699,197   

4.500%, 10/01/39

    2,713,399        2,929,946   

4.500%, 05/01/40

    3,470,708        3,755,507   

4.500%, 10/01/40

    4,553,973        4,927,662   

4.500%, 12/01/40

    4,413,439        4,775,596   

4.500%, 04/01/41

    5,732,960        6,215,303   

4.500%, 05/01/41

    2,964,682        3,214,116   

5.000%, 07/01/33

    671,060        732,785   

5.000%, 08/01/33

    1,322,906        1,444,586   

5.000%, 09/01/33

    853,798        932,331   

5.000%, 10/01/33

    4,867,304        5,314,998   

5.000%, 03/01/34

    936,907        1,023,084   

5.000%, 04/01/34

    2,196,574        2,397,554   

5.000%, 05/01/34

    481,937        525,834   

5.000%, 09/01/34

    963,152        1,050,880   

5.000%, 02/01/35

    1,058,935        1,155,388   

5.000%, 04/01/35

    807,723        879,540   

5.000%, 05/01/35

    267,105        290,854   

5.000%, 11/01/35

    856,050        932,164   

5.000%, 03/01/36

    2,726,842        2,969,294   

5.000%, 07/01/37

    2,446,446        2,659,247   

5.000%, 01/01/39

    2,718,482        2,954,230   

5.000%, 04/01/40

    5,072,015        5,565,530   

5.500%, 07/01/25 (a)

    634,595        697,596   

5.500%, 10/01/32

    195,077        215,245   

5.500%, 02/01/33

    504,964        556,982   

5.500%, 03/01/33

    1,326,424        1,463,063   

5.500%, 05/01/33

    2,963,118        3,268,359   

5.500%, 08/01/33

    1,966,372        2,168,934   

5.500%, 10/01/33

    255,468        281,784   

5.500%, 12/01/33

    2,296,522        2,533,094   

5.500%, 02/01/34

    1,225,060        1,349,722   

5.500%, 03/01/34

    540,686        595,706   

5.500%, 04/01/34

    308,058        339,406   

5.500%, 06/01/34

    740,744        816,122   

5.500%, 09/01/34

    821,283        904,856   

5.500%, 12/01/34

    2,052,531        2,261,397   

5.500%, 01/01/35

    649,607        715,711   

5.500%, 02/01/35

    1,379,988        1,520,415   

5.500%, 04/01/35

    860,622        946,814   

5.500%, 06/01/35

    2,862,415        3,149,088   

5.500%, 01/01/37

    1,766,268        1,930,588   

5.500%, 05/01/37

    693,743        758,284   

5.500%, 05/01/38

    860,850        940,887   

5.500%, 06/01/38

    934,266        1,021,129   

5.500%, 07/01/38

    1,136,959        1,242,668   

6.000%, 08/01/28

    4,583        5,111   

 

MSF-4


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.000%, 11/01/28

  $ 2,968      $ 3,311   

6.000%, 12/01/28

    3,055        3,407   

6.000%, 06/01/31

    79,962        89,245   

6.000%, 09/01/32

    315,603        352,290   

6.000%, 01/01/33

    109,530        122,262   

6.000%, 02/01/33

    231,864        258,902   

6.000%, 03/01/33

    207,698        231,918   

6.000%, 04/01/33

    529,218        590,931   

6.000%, 05/01/33

    759,111        847,632   

6.000%, 05/01/34

    1,114,326        1,243,099   

6.000%, 09/01/34

    636,681        710,257   

6.000%, 11/01/34

    1,297,709        1,447,674   

6.000%, 01/01/35

    541,176        600,479   

6.000%, 07/01/36

    465,387        512,766   

6.000%, 09/01/36

    890,352        980,995   

6.000%, 07/01/37

    1,234,134        1,359,811   

6.000%, 08/01/37

    1,332,779        1,468,502   

6.000%, 09/01/37

    3,184,668        3,508,976   

6.000%, 10/01/37

    1,444,756        1,591,881   

6.000%, 12/01/38

    1,311,488        1,444,741   

6.500%, 05/01/28

    135,195        155,033   

6.500%, 12/01/28

    598,744        686,603   

6.500%, 03/01/29

    11,822        13,555   

6.500%, 04/01/29

    62,985        72,219   

6.500%, 05/01/29

    11,688        13,402   

6.500%, 08/01/29

    1,886        2,163   

6.500%, 05/01/30

    61,501        70,517   

6.500%, 09/01/31

    16,626        18,997   

6.500%, 02/01/32

    8,330        9,773   

6.500%, 06/01/32

    82,786        94,596   

6.500%, 09/01/33

    26,426        30,207   

6.500%, 10/01/33

    248,493        284,049   

6.500%, 10/01/34

    777,982        889,301   

6.500%, 10/01/37

    702,690        788,447   

7.000%, 06/01/26

    1,228        1,461   

7.000%, 06/01/28

    35,188        40,911   

7.000%, 10/01/29

    22,513        26,185   

7.000%, 12/01/29

    4,248        4,941   

7.000%, 01/01/32

    81,121        94,330   

7.000%, 04/01/32

    47,350        54,933   

7.000%, 06/01/32

    153,740        178,361   

7.000%, 10/01/37

    638,713        727,193   

7.500%, 09/01/25

    9,981        11,901   

7.500%, 06/01/26

    12,173        14,612   

7.500%, 09/01/27

    1,144        1,188   

7.500%, 08/01/28

    442        451   

7.500%, 07/01/29

    26,471        32,040   

7.500%, 10/01/29

    9,223        10,625   

8.000%, 10/01/26

    517        557   

8.000%, 11/01/29

    420        520   

8.000%, 05/01/30

    34,186        38,944   

8.000%, 11/01/30

    8,256        9,405   

8.000%, 01/01/31

    9,566        10,898   

8.000%, 02/01/31

    13,614        15,509   

Fannie Mae ARM Pool
2.789%, 02/01/42 (a)

    4,537,140        4,791,283   

3.138%, 10/01/41 (a)

    2,667,286        2,803,687   
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae ARM Pool
3.508%, 05/01/41 (a)

  $ 3,523,558      $ 3,731,253   

5.106%, 11/01/36 (a)

    480,379        513,607   

Freddie Mac 15 Yr. Gold Pool
3.000%, 05/01/27

    4,629,091        4,887,138   

3.500%, 12/01/25

    4,024,443        4,252,286   

3.500%, 05/01/26

    2,088,890        2,209,198   

4.000%, 06/01/19

    653,770        696,630   

4.000%, 05/01/25

    3,279,385        3,482,628   

4.000%, 08/01/25

    1,914,291        2,032,931   

4.000%, 10/01/25

    1,551,153        1,647,287   

4.500%, 09/01/18

    763,742        819,828   

4.500%, 10/01/18

    1,410,299        1,513,863   

4.500%, 04/01/19

    1,105,270        1,186,514   

4.500%, 06/01/19

    812,596        872,327   

4.500%, 08/01/19

    211,850        227,422   

5.000%, 05/01/18

    1,759,926        1,911,571   

5.000%, 12/01/18

    413,277        448,887   

5.000%, 06/01/19

    719,354        781,975   

5.500%, 11/01/17

    170,744        184,834   

5.500%, 01/01/24

    1,627,497        1,769,863   

6.000%, 04/01/16

    11,109        11,906   

6.000%, 05/01/17

    182,114        196,987   

7.000%, 12/01/15

    2,433        2,589   

7.500%, 03/01/16

    14,536        15,606   

Freddie Mac 20 Yr. Gold Pool
4.000%, 01/01/31

    2,394,344        2,590,810   

4.000%, 08/01/31

    2,397,689        2,594,429   

4.500%, 05/01/29

    1,080,288        1,161,794   

5.000%, 03/01/27

    565,392        600,703   

Freddie Mac 30 Yr. Gold Pool
3.500%, 01/01/42

    3,064,236        3,288,069   

3.500%, 03/01/42

    2,767,280        2,972,880   

3.500%, 08/01/42

    5,686,431        6,098,732   

4.000%, 06/01/39

    3,400,360        3,646,567   

4.000%, 12/01/39

    3,158,991        3,387,721   

4.000%, 11/01/40

    3,740,316        4,018,059   

4.000%, 04/01/41

    2,999,674        3,224,945   

4.000%, 09/01/41

    3,451,279        3,710,465   

4.000%, 11/01/41

    3,695,953        3,973,513   

4.500%, 10/01/35

    1,489,064        1,598,820   

4.500%, 10/01/35 (a)

    618,068        663,625   

4.500%, 06/01/38

    3,074,335        3,300,937   

4.500%, 02/01/39

    2,284,577        2,452,105   

4.500%, 03/01/39

    2,376,738        2,551,023   

4.500%, 04/01/39

    3,002,342        3,222,502   

4.500%, 09/01/39

    2,414,771        2,591,846   

4.500%, 11/01/39

    2,500,586        2,683,953   

4.500%, 01/01/40

    1,711,443        1,840,640   

4.500%, 05/01/40

    2,861,935        3,077,982   

4.500%, 11/01/40

    2,784,066        2,994,235   

4.500%, 02/01/41

    1,973,600        2,126,032   

4.500%, 06/01/41

    1,695,490        1,826,443   

5.000%, 10/01/33

    1,311,920        1,426,012   

5.000%, 03/01/34

    447,065        485,269   

5.000%, 08/01/35

    2,723,597        2,951,455   

5.000%, 09/01/35

    1,246,175        1,350,431   

5.000%, 10/01/35

    1,069,707        1,159,199   

 

MSF-5


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

5.000%, 01/01/36

  $ 1,905,548      $ 2,064,967   

5.000%, 04/01/38

    2,011,919        2,174,051   

5.000%, 11/01/39

    4,173,743        4,529,551   

5.000%, 05/01/40

    5,870,678        6,412,372   

5.500%, 06/01/34

    1,641,905        1,798,514   

5.500%, 10/01/35

    1,035,919        1,131,729   

5.500%, 12/01/35

    2,553,946        2,790,154   

5.500%, 01/01/36

    2,127,654        2,324,435   

5.500%, 12/01/37

    1,767,173        1,921,278   

5.500%, 04/01/38

    1,239,896        1,348,227   

5.500%, 07/01/38

    1,471,019        1,599,543   

5.500%, 08/01/38

    2,481,432        2,698,237   

6.000%, 11/01/28

    25,007        27,864   

6.000%, 12/01/28

    18,803        20,951   

6.000%, 02/01/29

    56,034        62,451   

6.000%, 04/01/29

    13,810        15,391   

6.000%, 05/01/29

    2,276        2,537   

6.000%, 06/01/31

    5,635        6,276   

6.000%, 07/01/31

    2,486        2,769   

6.000%, 08/01/31

    50,173        55,880   

6.000%, 09/01/31

    78,290        87,196   

6.000%, 04/01/32

    305,507        340,360   

6.000%, 11/01/32

    82,913        92,372   

6.000%, 06/01/34

    556,904        618,592   

6.000%, 11/01/35

    326,674        361,923   

6.000%, 02/01/36

    680,163        745,752   

6.000%, 08/01/36

    779,227        854,368   

6.000%, 10/01/36

    1,067,413        1,170,344   

6.000%, 11/01/36

    674,245        739,262   

6.000%, 01/01/37

    775,780        850,588   

6.000%, 02/01/38

    985,681        1,081,084   

6.000%, 04/01/40

    2,320,683        2,545,299   

6.500%, 10/01/29

    33,110        37,685   

6.500%, 02/01/30

    14,070        16,014   

6.500%, 08/01/31

    26,655        30,195   

6.500%, 10/01/31

    17,761        20,120   

6.500%, 11/01/31

    59,687        67,613   

6.500%, 03/01/32

    915,532        1,037,359   

6.500%, 04/01/32

    785,747        890,304   

6.500%, 09/01/36

    1,515,572        1,693,219   

6.500%, 11/01/37

    2,999,726        3,351,266   

7.000%, 12/01/27

    3,319        3,811   

7.000%, 11/01/28

    9,014        10,352   

7.000%, 04/01/29

    8,681        9,949   

7.000%, 05/01/29

    2,092        2,398   

7.000%, 06/01/29

    16,228        18,599   

7.000%, 07/01/29

    4,257        4,879   

7.000%, 01/01/31

    114,596        131,317   

7.500%, 08/01/24

    33,803        35,672   

7.500%, 10/01/27

    23,624        28,533   

7.500%, 10/01/29

    31,934        36,721   

7.500%, 05/01/30

    17,528        20,154   

8.000%, 02/01/27

    7,977        9,739   

8.000%, 10/01/28

    13,856        16,847   

Freddie Mac ARM Non-Gold Pool
3.618%, 11/01/39 (a)

    2,763,123        2,931,366   
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 15 Yr. Pool
5.000%, 10/15/20

  $ 788,638      $ 868,795   

5.000%, 01/15/21

    729,022        802,673   

Ginnie Mae I 30 Yr. Pool
3.500%, 01/15/42

    5,519,236        6,049,843   

3.500%, 02/15/42

    3,635,970        3,988,333   

3.500%, 03/15/42

    3,802,866        4,177,975   

4.000%, 07/15/39

    2,493,400        2,750,011   

4.000%, 07/15/40

    3,527,615        3,900,980   

4.000%, 03/15/41

    2,688,155        2,963,687   

4.000%, 10/15/41

    5,610,834        6,185,935   

4.500%, 01/15/39

    1,793,108        1,972,111   

4.500%, 04/15/39

    4,131,026        4,543,419   

4.500%, 05/15/39

    4,248,808        4,672,960   

4.500%, 08/15/39

    2,659,537        2,925,035   

4.500%, 01/15/40

    3,378,207        3,736,591   

4.500%, 04/15/40

    3,407,846        3,769,375   

4.500%, 02/15/41

    2,403,572        2,637,655   

4.500%, 04/15/41

    2,471,715        2,712,435   

5.000%, 12/15/35

    1,040,001        1,150,472   

5.000%, 12/15/36

    812,622        896,707   

5.000%, 01/15/39

    2,215,281        2,448,272   

5.000%, 02/15/39

    1,485,448        1,641,679   

5.000%, 08/15/39

    5,413,590        5,982,961   

5.000%, 09/15/39

    1,243,320        1,374,085   

5.000%, 12/15/39

    1,999,771        2,210,096   

5.000%, 05/15/40

    4,194,301        4,656,818   

5.500%, 03/15/36

    897,115        995,135   

5.500%, 01/15/37

    1,705,166        1,890,476   

5.500%, 11/15/37

    1,617,686        1,793,490   

5.500%, 09/15/38

    1,358,980        1,505,324   

5.500%, 08/15/39

    3,827,319        4,246,947   

6.000%, 01/15/29

    13,095        14,983   

6.000%, 01/15/33

    476,179        543,050   

6.000%, 03/15/35

    603,057        682,082   

6.000%, 12/15/35

    455,662        515,372   

6.000%, 06/15/36

    820,153        925,167   

6.000%, 09/15/36

    994,295        1,121,606   

6.000%, 07/15/38

    2,892,924        3,262,994   

6.500%, 05/15/23

    3,674        4,362   

6.500%, 02/15/27

    64,938        74,875   

6.500%, 07/15/28

    18,517        21,819   

6.500%, 08/15/28

    24,830        29,257   

6.500%, 11/15/28

    16,327        19,238   

6.500%, 12/15/28

    12,306        14,500   

6.500%, 07/15/29

    4,974        5,852   

6.500%, 07/15/32

    24,235        28,302   

6.500%, 05/15/36

    433,857        501,068   

7.000%, 01/15/28

    3,781        4,458   

7.000%, 04/15/28

    3,728        4,395   

7.000%, 05/15/28

    24,286        28,634   

7.000%, 06/15/28

    13,488        15,903   

7.000%, 10/15/28

    11,203        13,209   

7.000%, 06/15/29

    2,303        2,715   

7.000%, 09/15/29

    23,140        27,280   

7.000%, 01/15/31

    1,494        1,761   

7.000%, 03/15/31

    31,392        37,006   

7.000%, 07/15/31

    857,204        1,010,527   

 

MSF-6


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

7.000%, 08/15/31

  $ 132,264      $ 155,922   

7.000%, 02/15/32

    52,719        61,689   

7.000%, 07/15/32

    53,374        62,456   

7.500%, 08/15/29

    23,633        24,543   

7.500%, 04/15/30

    9,326        9,606   

8.000%, 08/15/26

    4,841        5,922   

8.000%, 09/15/26

    5,416        6,625   

8.000%, 05/15/27

    4,838        5,657   

8.000%, 06/15/29

    51,113        54,831   

9.000%, 11/15/24

    22,136        24,615   

Ginnie Mae II 30 Yr. Pool
3.500%, 12/20/41

    3,652,241        4,000,508   

3.500%, 08/20/42

    3,183,435        3,486,237   

4.000%, 11/20/40

    4,113,404        4,539,115   

4.000%, 12/20/40

    3,242,220        3,577,769   

4.500%, 08/20/40

    4,406,429        4,882,444   

4.500%, 12/20/40

    2,363,767        2,619,119   

4.500%, 04/20/41

    2,600,854        2,869,047   

5.000%, 08/20/40

    1,973,218        2,193,035   

5.000%, 10/20/40

    1,896,230        2,107,471   

6.500%, 06/20/31

    53,866        62,953   

6.500%, 11/20/38

    1,868,146        2,153,792   

7.500%, 02/20/28

    5,714        6,915   
   

 

 

 
      547,846,906   
   

 

 

 

Federal Agencies—5.2%

   

Federal Home Loan Bank
3.625%, 10/18/13

    2,770,000        2,867,467   

4.875%, 05/17/17 (b)

    4,420,000        5,273,292   

5.250%, 06/18/14 (b)

    9,500,000        10,306,594   

5.375%, 05/18/16 (b)

    2,900,000        3,410,072   

Federal Home Loan Mortgage Corp.
1.375%, 02/25/14

    16,700,000        16,963,990   

4.750%, 01/19/16 (b)

    2,850,000        3,254,241   

5.125%, 11/17/17 (b)

    3,530,000        4,295,907   

5.625%, 11/23/35 (b)

    1,040,000        1,180,394   

Federal National Mortgage Association
0.550%, 02/27/15

    4,990,000        5,008,416   

1.000%, 09/23/13

    4,940,000        4,976,977   

2.875%, 12/11/13 (b)

    9,480,000        9,775,627   

4.125%, 04/15/14 (b)

    2,350,000        2,490,336   

5.375%, 07/15/16 (b)

    5,870,000        6,937,039   

5.375%, 06/12/17 (b)

    8,300,000        10,080,279   

6.625%, 11/15/30 (b)

    2,450,000        3,762,351   

Tennessee Valley Authority
5.250%, 09/15/39

    3,350,000        4,437,407   
   

 

 

 
      95,020,389   
   

 

 

 

U.S. Treasury—35.7%

   

U.S. Treasury Bonds
2.750%, 08/15/42

    2,020,000        1,987,498   

3.125%, 02/15/42

    1,800,000        1,915,740   

3.500%, 02/15/39 (b)

    2,080,000        2,389,317   

3.750%, 08/15/41

    1,830,000        2,189,430   

3.875%, 08/15/40

    10,380,000        12,689,135   

4.250%, 11/15/40 (b)

    7,280,000        9,458,030   
   

U.S. Treasury—(Continued)

   

U.S. Treasury Bonds
4.375%, 11/15/39

  $ 3,900,000      $ 5,158,062   

4.375%, 05/15/40

    5,220,000        6,909,975   

4.375%, 05/15/41 (b)

    5,850,000        7,755,813   

4.500%, 02/15/36

    5,675,000        7,572,947   

4.500%, 05/15/38 (b)

    4,950,000        6,644,979   

5.000%, 05/15/37

    2,760,000        3,953,921   

5.250%, 02/15/29

    750,000        1,052,040   

5.375%, 02/15/31

    3,075,000        4,448,541   

6.250%, 08/15/23

    7,700,000        11,174,703   

6.375%, 08/15/27

    2,800,000        4,296,180   

6.500%, 11/15/26

    1,000,000        1,537,950   

7.125%, 02/15/23

    6,100,000        9,311,589   

7.250%, 08/15/22

    6,120,000        9,337,407   

7.875%, 02/15/21

    4,450,000        6,791,323   

8.000%, 11/15/21

    2,920,000        4,573,771   

8.125%, 08/15/19

    2,645,000        3,906,321   

8.125%, 08/15/21 (b)

    1,250,000        1,958,875   

8.500%, 02/15/20

    6,700,000        10,232,776   

8.750%, 08/15/20

    1,000,000        1,571,090   

8.875%, 02/15/19 (b)

    10,215,000        15,294,511   

9.125%, 05/15/18 (b)

    1,600,000        2,339,712   

9.250%, 02/15/16 (b)

    1,375,000        1,784,008   

U.S. Treasury Notes
0.250%, 12/15/14

    7,000,000        6,998,740   

0.375%, 03/15/15

    8,020,000        8,039,569   

0.625%, 07/15/14

    10,000,000        10,068,400   

0.750%, 09/15/13 (b)

    8,000,000        8,042,479   

0.750%, 12/15/13 (b)

    5,000,000        5,032,400   

1.000%, 09/30/16 (b)

    4,000,000        4,084,720   

1.000%, 10/31/16

    7,010,000        7,157,560   

1.000%, 03/31/17

    7,850,000        8,007,157   

1.250%, 04/15/14 (b)

    23,810,000        24,180,246   

1.250%, 09/30/15

    7,750,000        7,965,140   

1.750%, 07/31/15

    6,700,000        6,972,087   

1.875%, 06/30/15

    6,700,000        6,988,971   

1.875%, 09/30/17

    15,900,000        16,871,968   

2.000%, 11/30/13

    6,000,000        6,124,681   

2.000%, 11/15/21 (b)

    10,950,000        11,431,581   

2.000%, 02/15/22

    3,800,000        3,952,608   

2.125%, 05/31/15

    12,000,000        12,580,440   

2.125%, 08/15/21 (b)

    8,710,000        9,213,525   

2.375%, 08/31/14

    9,950,000        10,354,169   

2.375%, 10/31/14

    21,000,000        21,922,111   

2.375%, 02/28/15 (b)

    15,000,000        15,756,150   

2.375%, 03/31/16

    20,560,000        21,978,025   

2.500%, 04/30/15

    5,980,000        6,320,801   

2.625%, 06/30/14 (b)

    12,000,000        12,498,719   

2.625%, 02/29/16 (b)

    2,510,000        2,701,463   

2.625%, 08/15/20

    6,000,000        6,633,000   

2.750%, 05/31/17 (b)

    9,840,000        10,830,593   

3.000%, 08/31/16

    8,350,000        9,177,985   

3.000%, 09/30/16

    18,100,000        19,917,239   

3.000%, 02/28/17

    14,980,000        16,592,297   

3.125%, 05/15/19

    3,000,000        3,420,360   

3.250%, 05/31/16

    8,230,000        9,079,418   

3.375%, 11/15/19

    4,350,000        5,044,304   

3.500%, 02/15/18

    4,000,000        4,588,120   

 

MSF-7


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

U.S. Treasury—(Continued)

   

U.S. Treasury Notes

   

3.500%, 05/15/20

  $ 7,790,000      $ 9,122,012   

3.625%, 02/15/20

    17,190,000        20,261,335   

3.750%, 11/15/18

    4,550,000        5,340,699   

3.875%, 05/15/18 (b)

    4,700,000        5,511,689   

4.000%, 02/15/14

    15,010,000        15,787,518   

4.000%, 02/15/15 (b)

    27,230,000        29,625,150   

4.000%, 08/15/18

    9,620,000        11,404,510   

4.250%, 11/15/13

    5,460,000        5,707,611   

4.250%, 08/15/15

    2,300,000        2,558,727   

4.250%, 11/15/17

    4,700,000        5,549,713   

4.500%, 11/15/15

    8,950,000        10,104,282   

4.500%, 02/15/16 (b)

    4,520,000        5,146,200   

4.625%, 02/15/17 (b)

    8,475,000        9,973,550   

4.875%, 08/15/16 (b)

    8,330,000        9,742,935   

5.125%, 05/15/16

    4,830,000        5,646,511   
   

 

 

 
      650,245,112   
   

 

 

 

Total U.S. Treasury & Government Agencies (Identified Cost $1,214,681,842)

      1,293,112,407   
   

 

 

 
Corporate Bonds & Notes—23.1%   

Aerospace & Defense—0.6%

   

Honeywell International, Inc.
5.000%, 02/15/19 (b)

    2,000,000        2,391,906   

Lockheed Martin Corp.
6.150%, 09/01/36

    1,700,000        2,193,382   

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

    515,000        754,871   

Raytheon Co.
3.125%, 10/15/20 (b)

    1,000,000        1,068,737   

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

    460,000        636,360   

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

    2,645,000        2,966,379   

4.875%, 05/01/15

    900,000        999,462   

7.500%, 09/15/29

    200,000        294,685   
   

 

 

 
      11,305,782   
   

 

 

 

Air Freight & Logistics—0.1%

   

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

    760,000        922,784   
   

 

 

 

Automobiles—0.1%

   

Ford Motor Co.
7.450%, 07/16/31 (b)

    2,200,000        2,744,500   
   

 

 

 

Beverages—0.4%

   

Anheuser-Busch Cos., Inc.
5.000%, 01/15/15 (b)

    1,950,000        2,137,240   

6.450%, 09/01/37

    880,000        1,242,258   

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

    300,000        427,345   

PepsiCo., Inc.
5.000%, 06/01/18

    1,000,000        1,187,614   
   

Beverages—(Continued)

   

The Coca-Cola Co.
0.750%, 11/15/13

  $ 1,900,000      $ 1,908,291   

3.150%, 11/15/20

    280,000        304,292   
   

 

 

 
      7,207,040   
   

 

 

 

Biotechnology—0.2%

   

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

    850,000        1,014,538   

6.150%, 06/01/18

    1,650,000        2,017,000   
   

 

 

 
      3,031,538   
   

 

 

 

Building Products—0.1%

   

CRH America, Inc.
6.000%, 09/30/16

    900,000        1,001,693   
   

 

 

 

Capital Markets—1.9%

   

BlackRock, Inc.
3.500%, 12/10/14

    1,500,000        1,598,298   

Deutsche Telekom International Finance BV
5.750%, 03/23/16

    460,000        523,480   

8.750%, 06/15/30 (a)

    1,000,000        1,504,802   

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

    900,000        1,071,769   

European Investment Bank
1.125%, 04/15/15

    1,900,000        1,930,937   

1.625%, 06/15/17 (b)

    1,975,000        2,041,123   

4.000%, 02/16/21 (b)

    1,700,000        1,966,775   

4.875%, 02/15/36 (b)

    3,700,000        4,370,173   

5.125%, 05/30/17 (b)

    1,750,000        2,085,324   

Merrill Lynch & Co., Inc.
6.500%, 07/15/18

    200,000        234,261   

Morgan Stanley
4.750%, 04/01/14 (b)

    1,515,000        1,569,648   

5.625%, 09/23/19

    1,900,000        2,051,803   

7.250%, 04/01/32

    1,850,000        2,181,948   

Nomura Holdings, Inc.
6.700%, 03/04/20

    1,325,000        1,517,297   

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

    2,000,000        2,373,018   

The Bear Stearns Cos., LLC
5.700%, 11/15/14

    900,000        986,794   

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

    2,000,000        2,300,364   

6.125%, 02/15/33 (b)

    2,075,000        2,296,948   

6.250%, 09/01/17

    760,000        889,897   

6.450%, 05/01/36

    2,000,000        2,096,495   
   

 

 

 
      35,591,154   
   

 

 

 

Chemicals—0.5%

   

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

    1,000,000        1,290,240   

6.000%, 07/15/18

    1,000,000        1,256,139   

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

    970,000        1,139,805   

Praxair, Inc.
4.375%, 03/31/14

    810,000        852,513   

 

MSF-8


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Chemicals—(Continued)

   

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

  $ 2,750,000      $ 3,022,263   

9.400%, 05/15/39 (b)

    650,000        1,046,132   
   

 

 

 
      8,607,092   
   

 

 

 

Commercial Banks—2.2%

   

Barclays Bank plc
5.000%, 09/22/16

    1,750,000        1,954,578   

5.200%, 07/10/14

    900,000        960,716   

BB&T Corp.
3.200%, 03/15/16

    1,865,000        1,998,875   

Deutsche Bank AG
3.875%, 08/18/14

    620,000        652,644   

6.000%, 09/01/17 (b)

    1,500,000        1,784,984   

Fifth Third Bancorp
8.250%, 03/01/38

    1,175,000        1,674,526   

HSBC Holdings plc
6.500%, 09/15/37

    905,000        1,059,598   

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

    2,700,000        3,186,017   

KfW Bankengruppe
1.250%, 02/15/17 (b)

    3,000,000        3,065,443   

2.375%, 08/25/21 (b)

    1,945,000        2,017,829   

2.750%, 09/08/20

    2,300,000        2,476,779   

4.875%, 01/17/17

    2,900,000        3,400,438   

Lloyds TSB Bank plc
6.375%, 01/21/21

    1,500,000        1,834,094   

PNC Bank N.A.
4.875%, 09/21/17

    1,000,000        1,141,505   

5.250%, 01/15/17 (b)

    1,600,000        1,824,647   

State Street Bank & Trust Co.
5.300%, 01/15/16

    300,000        340,267   

SunTrust Banks, Inc.
3.600%, 04/15/16

    1,450,000        1,545,583   

U.S. Bancorp
4.200%, 05/15/14

    1,900,000        2,010,565   

Wachovia Corp.
5.750%, 06/15/17

    700,000        831,836   

Wells Fargo & Co.
5.000%, 11/15/14

    2,000,000        2,150,441   

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

    1,900,000        2,394,328   

Westpac Banking Corp.
3.000%, 12/09/15 (b)

    2,000,000        2,114,869   
   

 

 

 
      40,420,562   
   

 

 

 

Commercial Services & Supplies—0.1%

  

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

    1,265,000        1,694,889   
   

 

 

 

Communications Equipment—0.1%

   

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

    2,000,000        2,569,348   
   

 

 

 

Computers & Peripherals—0.1%

   

Hewlett-Packard Co.
5.500%, 03/01/18 (b)

    1,950,000        2,239,217   

Computers & Peripherals—(Continued)

  

International Business Machines Corp.
8.375%, 11/01/19

  $ 425,000      $ 601,797   
   

 

 

 
      2,841,014   
   

 

 

 

Consumer Finance—0.3%

   

American Express Centurion Bank
5.550%, 10/17/12

    300,000        300,598   

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

    1,200,000        1,468,872   

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

    1,050,000        1,647,377   

General Electric Capital Services, Inc.
7.500%, 08/21/35

    100,000        137,903   

HSBC Finance Corp.
5.000%, 06/30/15 (b)

    1,800,000        1,938,089   

5.500%, 01/19/16

    900,000        988,563   
   

 

 

 
      6,481,402   
   

 

 

 

Diversified Financial Services—3.2%

   

Asian Development Bank
5.500%, 06/27/16

    3,850,000        4,563,984   

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

    1,700,000        2,015,675   

Bank of America Corp.
4.750%, 08/15/13

    1,000,000        1,030,670   

5.125%, 11/15/14 (b)

    1,000,000        1,074,552   

5.750%, 08/15/16 (b)

    2,850,000        3,120,146   

5.875%, 02/07/42

    3,000,000        3,472,059   

6.500%, 08/01/16

    1,750,000        2,029,975   

BHP Billiton Finance USA, Ltd.
5.500%, 04/01/14

    1,500,000        1,607,483   

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

    2,200,000        2,531,962   

5.850%, 08/02/16 (b)

    500,000        560,295   

6.125%, 11/21/17

    1,700,000        1,992,664   

6.125%, 05/15/18

    1,900,000        2,239,392   

Diageo Finance BV
5.300%, 10/28/15

    870,000        990,678   

General Electric Capital Corp.
5.300%, 02/11/21 (b)

    1,915,000        2,194,617   

5.400%, 02/15/17 (b)

    2,000,000        2,312,284   

5.875%, 01/14/38 (b)

    2,050,000        2,433,888   

6.750%, 03/15/32

    1,250,000        1,609,663   

GlaxoSmithKline Capital, Inc.
4.850%, 05/15/13

    875,000        899,286   

Inter-American Development Bank
2.375%, 08/15/17 (b)

    2,000,000        2,161,218   

JPMorgan Chase & Co.
4.950%, 03/25/20

    2,650,000        2,996,367   

5.125%, 09/15/14

    850,000        911,033   

6.300%, 04/23/19

    1,900,000        2,310,270   

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

    900,000        1,055,200   

Petrobras International Finance Co.
2.875%, 02/06/15 (b)

    2,900,000        2,979,406   

6.125%, 10/06/16

    600,000        679,805   

 

MSF-9


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Diversified Financial Services—(Continued)

  

Shell International Finance BV
4.000%, 03/21/14

  $ 1,900,000      $ 1,996,269   

4.300%, 09/22/19 (b)

    1,000,000        1,165,474   

Telecom Italia Capital S.A.
5.250%, 10/01/15

    2,725,000        2,861,250   

Unilever Capital Corp.
5.900%, 11/15/32 (b)

    1,500,000        2,094,026   
   

 

 

 
      57,889,591   
   

 

 

 

Diversified Telecommunication Services—0.8%

  

 

AT&T, Inc.
5.100%, 09/15/14

    1,750,000        1,903,226   

5.800%, 02/15/19

    1,700,000        2,114,815   

6.300%, 01/15/38

    1,300,000        1,705,055   

British Telecommunications plc
9.625%, 12/15/30 (a)

    1,000,000        1,612,850   

Qwest Corp.
7.500%, 10/01/14

    850,000        947,611   

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

    1,400,000        1,471,750   

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

    2,400,000        2,846,820   

6.100%, 04/15/18

    1,600,000        1,996,480   

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

    500,000        664,748   
   

 

 

 
      15,263,355   
   

 

 

 

Electric Utilities—1.5%

   

Consolidated Edison Co. of New York, Inc.
5.850%, 04/01/18

    855,000        1,049,100   

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

    2,000,000        2,463,662   

Exelon Corp.
4.900%, 06/15/15

    1,060,000        1,149,008   

5.625%, 06/15/35

    1,500,000        1,723,825   

FirstEnergy Solutions Corp.
4.800%, 02/15/15

    2,850,000        3,067,649   

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

    1,700,000        2,303,910   

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

    1,400,000        1,661,908   

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

    2,200,000        3,074,029   

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

    1,640,000        1,965,567   

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

    950,000        1,156,819   

Pacific Gas & Electric Co.
4.800%, 03/01/14

    1,125,000        1,190,066   

PacifiCorp.
2.950%, 02/01/22 (b)

    2,800,000        2,951,287   

Progress Energy, Inc.
5.625%, 01/15/16

    1,900,000        2,171,587   

Southern California Edison Co.
5.000%, 01/15/16

    1,500,000        1,699,862   
   

 

 

 
      27,628,279   
   

 

 

 

Electronic Equipment, Instruments & Components—0.1%

  

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

  $ 1,600,000      $ 1,929,483   
   

 

 

 

Energy Equipment & Services—0.4%

   

Transocean, Inc.
6.375%, 12/15/21

    2,035,000        2,435,587   

Weatherford International, Ltd.
4.500%, 04/15/22 (b)

    2,300,000        2,408,948   

9.625%, 03/01/19

    1,500,000        1,959,602   
   

 

 

 
      6,804,137   
   

 

 

 

Food & Staples Retailing—0.6%

   

Costco Wholesale Corp.
5.500%, 03/15/17 (b)

    465,000        555,726   

CVS Caremark Corp.
4.875%, 09/15/14

    1,800,000        1,944,233   

Safeway, Inc.
7.250%, 02/01/31

    813,000        867,510   

Sysco Corp.
2.600%, 06/12/22 (b)

    2,400,000        2,475,356   

Wal-Mart Stores, Inc.
5.250%, 09/01/35

    935,000        1,170,566   

5.625%, 04/15/41

    1,900,000        2,515,959   

Walgreen Co.
4.875%, 08/01/13

    445,000        460,695   

5.250%, 01/15/19 (b)

    900,000        1,046,708   
   

 

 

 
      11,036,753   
   

 

 

 

Food Products—0.5%

   

Archer-Daniels-Midland Co.
4.479%, 03/01/21 (a) (b)

    2,000,000        2,300,701   

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

    1,000,000        1,174,076   

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

    1,700,000        2,065,174   

Kraft Foods, Inc.
4.125%, 02/09/16

    2,200,000        2,412,480   

5.375%, 02/10/20

    1,800,000        2,174,314   
   

 

 

 
      10,126,745   
   

 

 

 

Health Care Equipment & Supplies—0.2%

  

Baxter International, Inc.
5.375%, 06/01/18

    1,400,000        1,670,073   

Medtronic, Inc.
3.000%, 03/15/15

    2,300,000        2,427,991   
   

 

 

 
      4,098,064   
   

 

 

 

Health Care Providers & Services—0.3%

  

 

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

    1,900,000        2,093,987   

UnitedHealth Group, Inc.
5.375%, 03/15/16

    1,700,000        1,940,740   

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

    1,800,000        2,087,541   
   

 

 

 
      6,122,268   
   

 

 

 

 

MSF-10


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Hotels, Restaurants & Leisure—0.1%

   

McDonald’s Corp.
5.350%, 03/01/18

  $ 885,000      $ 1,061,079   
   

 

 

 

Household Products—0.2%

   

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

    500,000        614,483   

The Procter & Gamble Co.
4.950%, 08/15/14

    2,000,000        2,166,810   

6.450%, 01/15/26

    200,000        278,692   
   

 

 

 
      3,059,985   
   

 

 

 

Independent Power Producers & Energy Traders—0.1%

  

PSEG Power, LLC
8.625%, 04/15/31 (b)

    1,000,000        1,464,140   
   

 

 

 

Industrial Conglomerates—0.3%

   

General Electric Co.
5.000%, 02/01/13

    930,000        944,170   

5.250%, 12/06/17

    1,800,000        2,122,356   

Koninklijke Philips Electronics NV
5.750%, 03/11/18 (b)

    900,000        1,092,397   

Tyco International, Ltd.
6.875%, 01/15/21 (b)

    1,275,000        1,652,749   
   

 

 

 
      5,811,672   
   

 

 

 

Insurance—0.9%

   

ACE INA Holdings, Inc.
5.875%, 06/15/14 (b)

    850,000        921,552   

American International Group, Inc.
5.450%, 05/18/17

    1,900,000        2,156,896   

5.850%, 01/16/18

    1,800,000        2,084,449   

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

    1,165,000        1,398,000   

Berkshire Hathaway, Inc.
1.900%, 01/31/17 (b)

    2,900,000        2,997,773   

Chubb Corp.
6.000%, 05/11/37

    865,000        1,151,979   

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

    780,000        874,123   

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

    1,525,000        1,705,469   

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

    150,000        209,833   

7.450%, 05/16/19 (b)

    1,700,000        2,212,242   
   

 

 

 
      15,712,316   
   

 

 

 

Machinery—0.2%

   

Caterpillar, Inc.
7.900%, 12/15/18 (b)

    1,757,000        2,404,557   

Deere & Co.
6.950%, 04/25/14

    850,000        934,176   
   

 

 

 
      3,338,733   
   

 

 

 

Media—1.2%

   

CBS Corp.
8.875%, 05/15/19

    750,000        1,016,157   

Media—(Continued)

   

Comcast Cable Communications Holdings, Inc.
8.375%, 03/15/13

  $ 620,000      $ 642,032   

Comcast Corp.
5.300%, 01/15/14

    1,445,000        1,529,352   

5.650%, 06/15/35

    1,500,000        1,752,558   

Discovery Communications, LLC
6.350%, 06/01/40

    1,800,000        2,269,379   

News America, Inc.
6.550%, 03/15/33 (b)

    1,950,000        2,316,898   

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

    1,930,000        2,017,065   

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

    800,000        996,802   

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

    1,900,000        2,211,173   

5.850%, 05/01/17

    1,800,000        2,142,855   

6.550%, 05/01/37

    100,000        124,886   

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

    380,000        533,359   

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

    925,000        1,130,911   

7.700%, 05/01/32

    685,000        953,570   

Turner Broadcasting System, Inc.
8.375%, 07/01/13

    660,000        697,689   

Viacom, Inc.
6.250%, 04/30/16

    770,000        902,013   
   

 

 

 
      21,236,699   
   

 

 

 

Metals & Mining—0.6%

   

Alcoa, Inc.
5.720%, 02/23/19 (b)

    523,000        558,453   

5.870%, 02/23/22 (b)

    101,000        108,396   

ArcelorMittal
6.250%, 02/25/22 (a) (b)

    2,900,000        2,856,500   

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

    1,800,000        2,098,068   

Rio Tinto Alcan, Inc.
5.000%, 06/01/15

    1,050,000        1,157,019   

6.125%, 12/15/33

    1,751,000        2,231,856   

Vale Overseas, Ltd.
6.875%, 11/21/36

    1,100,000        1,279,095   
   

 

 

 
      10,289,387   
   

 

 

 

Multi-Utilities—0.1%

   

Dominion Resources, Inc.
5.150%, 07/15/15

    1,600,000        1,786,383   

Sempra Energy
6.150%, 06/15/18 (b)

    900,000        1,104,202   
   

 

 

 
      2,890,585   
   

 

 

 

Multiline Retail—0.1%

   

Target Corp.
6.350%, 11/01/32

    1,000,000        1,295,758   
   

 

 

 

Office Electronics—0.2%

   

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

    2,550,000        2,998,861   
   

 

 

 

 

MSF-11


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Oil, Gas & Consumable Fuels—1.2%

   

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

  $ 1,800,000      $ 2,352,476   

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

    700,000        988,993   

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

    850,000        1,043,078   

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

    220,000        315,453   

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

    1,950,000        2,080,557   

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

    1,900,000        2,285,548   

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

    2,000,000        2,431,552   

Marathon Oil Corp.
6.600%, 10/01/37 (b)

    2,000,000        2,622,068   

Petroleos Mexicanos
4.875%, 03/15/15 (b)

    2,700,000        2,909,250   

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

    1,050,000        1,403,485   

7.625%, 04/01/37

    640,000        880,076   

XTO Energy, Inc.
6.500%, 12/15/18 (b)

    1,600,000        2,096,618   
   

 

 

 
      21,409,154   
   

 

 

 

Paper & Forest Products—0.2%

   

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

    1,800,000        2,461,058   

International Paper Co.
7.950%, 06/15/18

    820,000        1,057,196   
   

 

 

 
      3,518,254   
   

 

 

 

Pharmaceuticals—0.7%

   

Abbott Laboratories
5.125%, 04/01/19

    1,350,000        1,625,305   

AstraZeneca plc
5.400%, 06/01/14

    639,000        687,672   

Bristol-Myers Squibb Co.
5.875%, 11/15/36

    2,000,000        2,627,934   

Eli Lilly & Co.
4.200%, 03/06/14 (b)

    900,000        945,550   

Johnson & Johnson
5.950%, 08/15/37

    910,000        1,275,876   

6.950%, 09/01/29 (b)

    250,000        364,991   

Merck & Co., Inc.
5.950%, 12/01/28

    300,000        401,769   

6.550%, 09/15/37 (b)

    1,000,000        1,473,972   

Wyeth
5.500%, 02/01/14

    1,000,000        1,064,689   

5.500%, 02/15/16

    1,700,000        1,957,283   
   

 

 

 
      12,425,041   
   

 

 

 

Real Estate Investment Trusts—0.3%

   

AvalonBay Communities, Inc.
6.100%, 03/15/20 (b)

    860,000        1,047,313   

Kimco Realty Corp.
6.875%, 10/01/19 (b)

    550,000        672,473   

Real Estate Investment Trusts—(Continued)

  

Regency Centers, L.P.
5.250%, 08/01/15

  $ 850,000      $ 925,460   

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

    2,000,000        2,290,164   
   

 

 

 
      4,935,410   
   

 

 

 

Road & Rail—0.4%

  

Burlington Northern Santa Fe, LLC
7.000%, 02/01/14

    1,850,000        2,004,643   

CSX Corp.
6.150%, 05/01/37

    1,600,000        2,034,327   

7.900%, 05/01/17

    500,000        630,310   

Norfolk Southern Corp.
5.590%, 05/17/25

    28,000        35,787   

Norfolk Southern Corp. (144A)
2.903%, 02/15/23

    327,000        331,772   

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

    1,200,000        1,598,749   
   

 

 

 
      6,635,588   
   

 

 

 

Software—0.3%

  

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

    2,200,000        2,461,217   

Microsoft Corp.
2.950%, 06/01/14

    1,400,000        1,461,869   

Oracle Corp.
5.250%, 01/15/16 (b)

    2,000,000        2,293,189   
   

 

 

 
      6,216,275   
   

 

 

 

Specialty Retail—0.2%

  

Home Depot, Inc.
4.400%, 04/01/21

    1,450,000        1,704,471   

5.400%, 03/01/16 (b)

    900,000        1,033,320   

Lowe’s Cos., Inc.
6.875%, 02/15/28

    1,000,000        1,285,777   
   

 

 

 
      4,023,568   
   

 

 

 

Tobacco—0.2%

  

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

    750,000        1,070,866   

Philip Morris International, Inc.
4.500%, 03/26/20 (b)

    925,000        1,085,892   

6.875%, 03/17/14

    755,000        824,513   
   

 

 

 
      2,981,271   
   

 

 

 

Wireless Telecommunication Services—0.3%

  

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

    100,000        138,904   

Cellco Partnership, Inc.
5.550%, 02/01/14

    850,000        904,019   

8.500%, 11/15/18

    750,000        1,049,011   

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

    800,000        1,005,145   

Vodafone Group plc
6.150%, 02/27/37 (b)

    2,170,000        2,887,564   
   

 

 

 
      5,984,643   
   

 

 

 

 

MSF-12


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Yankee—1.0%

  

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

  $ 300,000      $ 433,614   

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

    1,550,000        2,010,459   

EnCana Corp.
4.750%, 10/15/13

    2,000,000        2,076,465   

Hydro-Quebec
7.500%, 04/01/16

    1,350,000        1,649,481   

8.400%, 01/15/22

    1,000,000        1,451,313   

Inter-American Development Bank
6.800%, 10/15/25

    500,000        720,492   

7.000%, 06/15/25

    200,000        286,666   

International Bank for Reconstruction & Development
2.375%, 05/26/15 (b)

    1,420,000        1,497,573   

7.625%, 01/19/23

    1,400,000        2,093,663   

8.875%, 03/01/26

    535,000        920,262   

Statoil ASA
6.700%, 01/15/18

    300,000        378,494   

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

    2,500,000        3,068,954   

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

    1,800,000        2,453,557   
   

 

 

 
      19,040,993   
   

 

 

 

Total Corporate Bonds & Notes
(Identified Cost $369,791,750)

      421,646,885   
   

 

 

 
Mortgage-Backed Securities—2.1%   

Commercial Mortgage-Backed Securities—2.1%

  

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

    1,000,000        1,150,452   

5.694%, 06/11/50 (a)

    1,500,000        1,784,033   

Citigroup Commercial Mortgage Trust 4.733%, 10/15/41

    1,000,000        1,067,432   

5.292%, 04/15/40 (a)

    1,000,000        1,056,003   

5.431%, 10/15/49

    1,500,000        1,738,595   

5.921%, 03/15/49 (a)

    1,800,000        2,077,183   

Citigroup/Deutsche Bank Commercial Mortgage Trust
5.224%, 07/15/44 (a)

    2,000,000        2,242,329   

Commercial Mortgage Pass-Through Certificates
6.002%, 12/10/49 (a)

    2,400,000        2,860,803   

Credit Suisse First Boston Mortgage Securities Corp.
3.936%, 05/15/38

    426,264        430,997   

4.691%, 10/15/39

    500,000        529,075   

5.100%, 08/15/38 (a)

    3,000,000        3,317,378   

GMAC Commercial Mortgage Securities, Inc.
4.697%, 05/10/43

    1,500,000        1,637,923   

Greenwich Capital Commercial Funding Corp.
5.135%, 06/10/36 (a)

    1,000,000        1,056,600   

GS Mortgage Securities Corp. II
4.751%, 07/10/39

    2,000,000        2,155,566   

Commercial Mortgage-Backed Securities—(Continued)

  

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

  $ 2,500,000      $ 2,882,862   

5.440%, 06/12/47

    890,000        1,024,240   

LB-UBS Commercial Mortgage Trust
4.367%, 03/15/36

    3,000,000        3,128,481   

5.156%, 02/15/31

    2,500,000        2,808,065   

Merrill Lynch Mortgage Trust
4.855%, 10/12/41 (a)

    500,000        533,326   

Morgan Stanley Capital I
4.989%, 08/13/42

    1,000,000        1,103,605   

5.650%, 06/11/42 (a)

    2,000,000        2,372,213   

6.077%, 06/11/49 (a)

    1,430,000        1,671,793   
   

 

 

 

Total Mortgage-Backed Securities
(Identified Cost $34,752,669)

      38,628,954   
   

 

 

 
Foreign Government—1.7%                

Regional Government—0.4%

  

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

    900,000        1,053,199   

9.250%, 03/01/20

    250,000        365,539   

Province of Ontario Canada
4.400%, 04/14/20 (b)

    2,100,000        2,492,054   

Province of Quebec Canada
4.875%, 05/05/14 (b)

    1,925,000        2,063,373   

7.500%, 07/15/23

    350,000        500,717   
   

 

 

 
      6,474,882   
   

 

 

 

Sovereign—1.3%

   

Brazilian Government International Bond
6.000%, 01/17/17

    3,755,000        4,481,593   

7.125%, 01/20/37

    1,650,000        2,495,625   

Canada Government International Bond
2.375%, 09/10/14

    1,900,000        1,978,032   

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

    1,500,000        2,216,250   

Mexico Government International Bond
6.750%, 09/27/34

    1,050,000        1,493,625   

8.000%, 09/24/22

    2,200,000        3,234,000   

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

    1,370,000        1,637,150   

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

    1,450,000        2,526,625   

Republic of Italy
4.500%, 01/21/15

    1,475,000        1,531,092   

Republic of Korea
7.125%, 04/16/19

    1,600,000        2,079,026   
   

 

 

 
      23,673,018   
   

 

 

 

Total Foreign Government
(Identified Cost $26,858,649)

      30,147,900   
   

 

 

 

 

MSF-13


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Municipal Bonds & Notes—0.7%

 

Security Description   Par
Amount
    Value  

Municipal Agency—0.7%

   

Los Angeles California Community College District
6.750%, 08/01/49

  $ 2,210,000      $ 3,010,241   

Los Angeles California Unified School District
6.758%, 07/01/34

    2,160,000        2,840,465   

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

    2,000,000        2,322,940   

State of California
7.300%, 10/01/39

    2,000,000        2,613,620   

State of Illinois
5.100%, 06/01/33

    1,230,000        1,192,067   
   

 

 

 

Total Municipal Bonds & Notes
(Identified Cost $9,900,880)

      11,979,333   
   

 

 

 
Asset-Backed Securities—0.2%   

Asset Backed—Credit Card—0.2%

   

Citibank Credit Card Issuance Trust
4.850%, 04/22/15

    1,472,000        1,510,101   

4.850%, 03/10/17

    2,500,000        2,766,295   
   

 

 

 
      4,276,396   
   

 

 

 

Asset Backed—Home Equity—0.0%

  

Centex Home Equity

   

4.250%, 12/25/31 (a)

    58,001        58,290   
   

 

 

 

Total Asset-Backed Securities
(Identified Cost $4,519,825)

      4,334,686   
   

 

 

 
Short Term Investments—11.0%   
Security Description   Shares/Par
Amount
    Value  

Mutual Funds—9.3%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    170,592,808      $ 170,592,808   
   

 

 

 

U.S. Treasury—1.7%

   

U.S. Treasury Bills

   

0.048%, 10/11/12 (b)

  $ 8,000,000        7,999,895   

0.055%, 10/18/12 (b)

    500,000        499,985   

0.078%, 12/20/12 (b)

    22,500,000        22,495,638   
   

 

 

 
      30,995,518   
   

 

 

 

Total Short Term Investments
(Identified Cost $201,588,326)

      201,588,326   
   

 

 

 

Total Investments—109.7%
(Identified Cost $1,862,093,941) (d)

      2,001,438,491   

Liabilities in excess of other assets

      (177,129,144
   

 

 

 
Net Assets—100.0%     $ 1,824,309,347   
   

 

 

 

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2012.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $290,252,469 and the collateral received consisted of cash in the amount of $170,592,808 and non-cash collateral with a value of $125,819,020. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $1,862,093,941. The aggregate unrealized appreciation and depreciation of investments was $142,642,424 and $(3,297,874), respectively, resulting in net unrealized appreciation of $139,344,550.
(ARM)— Adjustable-Rate Mortgage.

 

MSF-14


Table of Contents

Metropolitan Series Fund

 

Barclays Capital Aggregate Bond Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —         $ 1,293,112,407       $ —         $ 1,293,112,407   

Total Corporate Bonds & Notes*

     —           421,646,885         —           421,646,885   

Total Mortgage-Backed Securities*

     —           38,628,954         —           38,628,954   

Total Foreign Government*

     —           30,147,900         —           30,147,900   

Total Municipal Bonds & Notes*

     —           11,979,333         —           11,979,333   

Total Asset-Backed Securities*

     —           4,334,686         —           4,334,686   
Short Term Investments            

Mutual Funds

     170,592,808         —           —           170,592,808   

U.S. Treasury

     —           30,995,518         —           30,995,518   

Total Short Term Investments

     170,592,808         30,995,518         —           201,588,326   

Total Investments

   $ 170,592,808       $ 1,830,845,683       $ —         $ 2,001,438,491   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-15


Table of Contents

Metropolitan Series Fund

 

BlackRock Aggressive Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—96.7% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—2.4%

  

BE Aerospace, Inc. (a)

    197,300      $ 8,306,330   

TransDigm Group, Inc. (a)

    75,200        10,668,624   
   

 

 

 
      18,974,954   
   

 

 

 

Airlines—0.6%

  

United Continental Holdings, Inc. (a)

    234,200        4,566,900   
   

 

 

 

Automobiles—1.0%

  

Harley-Davidson, Inc.

    185,700        7,868,109   
   

 

 

 

Biotechnology—2.6%

  

Alkermes plc (a) (b)

    197,100        4,089,825   

BioMarin Pharmaceutical, Inc. (a)

    57,100        2,299,417   

Cubist Pharmaceuticals, Inc. (a) (b)

    292,004        13,922,751   
   

 

 

 
      20,311,993   
   

 

 

 

Capital Markets—2.1%

  

Affiliated Managers Group, Inc. (a)

    69,500        8,548,500   

T. Rowe Price Group, Inc.

    124,500        7,880,850   
   

 

 

 
      16,429,350   
   

 

 

 

Chemicals—5.1%

  

Ashland, Inc.

    170,000        12,172,000   

CF Industries Holdings, Inc.

    39,800        8,845,152   

Ecolab, Inc.

    90,700        5,878,267   

LyondellBasell Industries NV

    100,400        5,186,664   

PPG Industries, Inc.

    68,400        7,855,056   
   

 

 

 
      39,937,139   
   

 

 

 

Commercial Banks—1.9%

  

First Republic Bank

    324,000        11,165,040   

SVB Financial Group (a)

    66,949        4,047,737   
   

 

 

 
      15,212,777   
   

 

 

 

Communications Equipment—1.3%

  

Ciena Corp. (a) (b)

    439,800        5,981,280   

F5 Networks, Inc. (a)

    39,700        4,156,590   
   

 

 

 
      10,137,870   
   

 

 

 

Computers & Peripherals—0.7%

  

NetApp, Inc. (a)

    171,100        5,625,768   
   

 

 

 

Construction & Engineering—0.7%

  

Quanta Services, Inc. (a)

    234,100        5,782,270   
   

 

 

 

Diversified Financial Services—1.5%

  

IntercontinentalExchange, Inc. (a)

    90,700        12,100,287   
   

 

 

 

Electrical Equipment—1.4%

  

AMETEK, Inc.

    304,350        10,789,208   
   

 

 

 

Energy Equipment & Services—0.5%

  

Oceaneering International, Inc.

    71,900        3,972,475   
   

 

 

 

Food & Staples Retailing—1.8%

  

Whole Foods Market, Inc.

    144,100        14,035,340   
   

 

 

 
   

Food Products—3.4%

  

Flowers Foods, Inc.

    95,413      $ 1,925,434   

Green Mountain Coffee Roasters, Inc. (a) (b)

    230,200        5,467,250   

The Hain Celestial Group, Inc. (a) (b)

    140,900        8,876,700   

The Hershey Co.

    145,100        10,286,139   
   

 

 

 
      26,555,523   
   

 

 

 

Health Care Equipment & Supplies—4.4%

  

Boston Scientific Corp. (a)

    2,465,700        14,153,118   

Haemonetics Corp. (a)

    27,100        2,173,420   

Hologic, Inc. (a)

    890,100        18,015,624   
   

 

 

 
      34,342,162   
   

 

 

 

Health Care Providers & Services—2.6%

  

AmerisourceBergen Corp.

    207,300        8,024,583   

Catamaran Corp. (a)

    81,300        7,964,961   

Humana, Inc.

    60,200        4,223,030   
   

 

 

 
      20,212,574   
   

 

 

 

Health Care Technology—1.0%

  

Allscripts Heathcare Solutions, Inc. (a)

    606,800        7,542,524   
   

 

 

 

Hotels, Restaurants & Leisure—3.7%

  

Bloomin’ Brands, Inc. (a) (b)

    202,200        3,326,190   

Brinker International, Inc. (b)

    297,500        10,501,750   

Starwood Hotels & Resorts Worldwide, Inc.

    144,200        8,357,832   

Wynn Resorts, Ltd.

    57,000        6,580,080   
   

 

 

 
      28,765,852   
   

 

 

 

Household Products—1.0%

  

Church & Dwight Co., Inc.

    144,400        7,796,156   
   

 

 

 

Internet Software & Services—1.2%

  

Rackspace Hosting, Inc. (a) (b)

    145,800        9,635,922   
   

 

 

 

IT Services—7.2%

  

Alliance Data Systems Corp. (a) (b)

    93,200        13,229,740   

Gartner, Inc. (Class A) (a)

    212,100        9,775,689   

Genpact, Ltd. (a)

    486,600        8,116,488   

MAXIMUS, Inc.

    198,574        11,858,839   

Teradata Corp. (a)

    182,100        13,732,161   
   

 

 

 
      56,712,917   
   

 

 

 

Machinery—1.0%

  

CNH Global NV (a)

    197,600        7,660,952   
   

 

 

 

Media—3.2%

  

AMC Networks, Inc. (a)

    134,200        5,840,384   

CBS Corp. (Class B)

    317,400        11,531,142   

Manchester United plc (a)

    143,700        1,829,301   

The McGraw-Hill Cos., Inc.

    107,900        5,890,261   
   

 

 

 
      25,091,088   
   

 

 

 

Metals & Mining—0.9%

  

Globe Specialty Metals, Inc.

    455,500        6,932,710   
   

 

 

 

 

MSF-16


Table of Contents

Metropolitan Series Fund

 

BlackRock Aggressive Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  
   

Multiline Retail—3.6%

  

Dollar General Corp. (a)

    294,800      $ 15,193,992   

Dollar Tree, Inc. (a)

    40,600        1,959,965   

Macy’s, Inc.

    301,100        11,327,382   
   

 

 

 
      28,481,339   
   

 

 

 

Oil, Gas & Consumable Fuels—4.0%

  

Cabot Oil & Gas Corp.

    177,300        7,960,770   

Plains Exploration & Production Co. (a)

    328,400        12,305,148   

Range Resources Corp.

    105,800        7,392,246   

SandRidge Energy, Inc. (a) (b)

    545,300        3,800,741   
   

 

 

 
      31,458,905   
   

 

 

 

Paper & Forest Products—1.3%

  

International Paper Co.

    271,400        9,857,248   
   

 

 

 

Pharmaceuticals—9.8%

  

Elan Corp. plc (ADR) (a)

    1,081,555        11,594,269   

Endo Pharmaceuticals Holdings, Inc. (a)

    343,900        10,908,508   

Jazz Pharmaceuticals plc (a)

    277,211        15,803,799   

Teva Pharmaceutical Industries, Ltd. (ADR)

    252,000        10,435,320   

Viropharma, Inc. (a) (b)

    529,185        15,991,971   

Warner Chilcott plc (a)

    878,200        11,855,700   
   

 

 

 
      76,589,567   
   

 

 

 

Professional Services—2.7%

  

IHS, Inc. (a)

    121,100        11,789,085   

Robert Half International, Inc.

    364,400        9,703,972   
   

 

 

 
      21,493,057   
   

 

 

 

Real Estate Investment Trusts—1.9%

  

American Campus Communities, Inc.

    171,500        7,525,420   

DuPont Fabros Technology, Inc. (b)

    296,200        7,479,050   
   

 

 

 
      15,004,470   
   

 

 

 

Semiconductors & Semiconductor Equipment—4.5%

  

Analog Devices, Inc.

    353,200        13,841,908   

Avago Technologies, Ltd.

    303,600        10,585,014   

Broadcom Corp.

    324,000        11,203,920   
   

 

 

 
      35,630,842   
   

 

 

 

Software—6.1%

  

Citrix Systems, Inc. (a)

    72,600        5,558,982   

Intuit, Inc.

    267,900        15,773,952   

QLIK Technologies, Inc. (a) (b)

    257,000        5,759,370   

Sourcefire, Inc. (a) (b)

    164,000        8,040,920   

TiVo, Inc. (a) (b)

    1,232,700        12,857,061   
   

 

 

 
      47,990,285   
   

 

 

 

Specialty Retail—5.9%

  

Dick’s Sporting Goods, Inc. (b)

    185,500        9,618,175   

GameStop Corp. (b)

    367,400        7,715,400   

Limited Brands, Inc.

    216,200        10,650,012   

The Gap, Inc.

    166,100        5,943,058   

TJX Cos., Inc.

    284,100        12,724,839   
   

 

 

 
      46,651,484   
   

 

 

 
   

Textiles, Apparel & Luxury Goods—3.7%

  

Fossil, Inc. (a)

    68,600      $ 5,810,420   

Michael Kors Holdings, Ltd. (a)

    147,700        7,854,686   

PVH Corp.

    42,400        3,973,728   

Wolverine World Wide, Inc. (b)

    250,536        11,116,282   
   

 

 

 
      28,755,116   
   

 

 

 

Total Common Stock
(Identified Cost $677,889,703)

      758,905,133   
   

 

 

 
Mutual Funds—0.5%   

Exchange Traded Funds—0.5%

   

iShares Cohen & Steers Realty Majors Index (b)

    54,100        4,211,685   
   

 

 

 

Total Mutual Funds
(Identified Cost $4,249,858)

      4,211,685   
   

 

 

 
Short Term Investments—16.4%                

Mutual Funds—14.4%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    112,808,503        112,808,503   
   

 

 

 

Repurchase Agreement—2.0%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $15,996,013 on 10/01/12, collateralized by $16,300,000 Federal Home Loan Mortgage Corp. 0.600% due 12/06/13 with a value of $16,320,375

  $ 15,996,000        15,996,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $128,804,503)

      128,804,503   
   

 

 

 

Total Investments—113.6%
(Identified Cost $810,944,064) (d)

      891,921,321   

Liabilities in excess of other assets

      (106,680,558
   

 

 

 
Net Assets—100.0%     $ 785,240,763   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $109,386,813 and the collateral received consisted of cash in the amount of $112,808,503 and non-cash collateral with a value of $12,145. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $810,944,064. The aggregate unrealized appreciation and depreciation of investments was $108,763,402 and $(27,786,145), respectively, resulting in net unrealized appreciation of $80,977,257.

 

MSF-17


Table of Contents

Metropolitan Series Fund

 

BlackRock Aggressive Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

Options Written   

Call Options Written

   Counterparty      Strike
Price
     Expiration
Date
     Contracts     Premiums
Received
    Valuation as of
September 30,
2012
    Unrealized
Depreciation
 

Cubist Pharmaceuticals, Inc.

     UBS Securities, LLC       $ 43.00         11/17/12         (386   $ (83,749   $ (202,650   $ (118,901

Viropharma, Inc.

     Morgan Stanley         30.00         10/20/12         (510     (32,777     (71,400     (38,623
             

 

 

   

 

 

   

 

 

 

Total Options Written

  

  $ (116,526   $ (274,050   $ (157,524
             

 

 

   

 

 

   

 

 

 

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1     Level 2      Level 3      Total  

Total Common Stock*

   $ 758,905,133      $ —         $ —         $ 758,905,133   

Total Mutual Funds*

     4,211,685        —           —           4,211,685   
Short Term Investments           

Mutual Funds

     112,808,503        —           —           112,808,503   

Repurchase Agreement

     —          15,996,000         —           15,996,000   

Total Short Term Investments

     112,808,503        15,996,000         —           128,804,503   

Total Investments

   $ 875,925,321      $ 15,996,000       $ —         $ 891,921,321   
                                    
Written Options           

Call Options Written

   $ (274,050   $ —         $ —         $ (274,050

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-18


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

U.S. Treasury & Government Agencies—58.8% of Net Assets

 

Security Description   Par
Amount
    Value  

Agency Sponsored Mortgage-Backed—38.0%

  

Fannie Mae 15 Yr.
4.500%, TBA

  $ 12,900,000      $ 13,915,874   

Fannie Mae 15 Yr. Pool
3.500%, 11/01/26

    11,476,827        12,223,845   

3.500%, 01/01/27

    8,675,582        9,291,780   

3.500%, 03/01/27

    570,335        610,844   

3.500%, 04/01/27

    4,343,453        4,651,954   

3.500%, 05/01/27

    11,315,674        12,095,455   

3.500%, 06/01/27

    15,564,800        16,637,176   

3.500%, 07/01/27

    5,076,587        5,424,207   

4.000%, 02/01/25

    12,835,263        13,732,586   

4.000%, 09/01/25

    3,931,002        4,205,821   

4.000%, 10/01/25

    6,575,498        7,035,196   

4.000%, 01/01/26

    1,872,755        2,003,681   

4.000%, 07/01/26

    5,763,057        6,167,758   

4.000%, 08/01/26

    2,728,189        2,919,771   

4.500%, 12/01/20

    4,919,665        5,324,329   

4.500%, 02/01/25

    2,683,262        2,903,972   

4.500%, 04/01/25

    483,009        522,738   

4.500%, 07/01/25

    2,121,504        2,296,007   

4.500%, 06/01/26

    43,250,190        46,699,584   

Fannie Mae 30 Yr.
3.000%, TBA

    22,620,000        23,878,237   

4.000%, TBA

    15,300,000        16,483,360   

5.000%, TBA

    23,300,000        25,404,280   

5.500%, TBA

    83,000,000        90,949,844   

6.000%, TBA

    7,400,000        8,170,063   

Fannie Mae 30 Yr. Pool
3.500%, 04/01/42

    3,046,650        3,289,567   

3.500%, 05/01/42

    36,361,249        39,260,408   

4.000%, 12/01/40

    3,392,998        3,660,273   

4.000%, 01/01/41

    4,531,321        4,888,264   

4.000%, 02/01/41

    3,766,972        4,063,705   

4.000%, 03/01/41

    10,477,430        11,305,084   

4.000%, 01/01/42

    1,091,415        1,177,729   

4.000%, 05/01/42

    28,167,043        30,465,754   

4.000%, 05/15/42

    161,296        178,041   

4.000%, 06/01/42

    32,675,946        35,494,978   

4.500%, 11/01/40

    31,402,206        34,097,681   

4.500%, 05/01/41

    134,828,197        146,401,458   

4.500%, 08/01/41

    57,476,232        62,409,825   

5.000%, 09/01/33

    5,378,290        5,910,717   

5.000%, 07/01/34

    17,957,381        19,699,970   

5.000%, 08/01/34

    4,336,201        4,765,487   

5.000%, 03/01/35

    7,685,934        8,439,091   

5.000%, 05/01/35

    664,502        728,132   

5.000%, 07/01/35

    7,920,388        8,703,874   

5.000%, 12/01/35

    3,333,987        3,664,037   

5.500%, 11/01/32

    6,073,129        6,739,614   

5.500%, 12/01/32

    1,044,300        1,158,905   

5.500%, 01/01/33

    4,985,240        5,532,336   

5.500%, 12/01/33

    1,312,098        1,456,092   

5.500%, 09/01/34

    8,975,772        9,910,314   

5.500%, 08/01/37

    10,755,561        11,935,911   

6.000%, 02/01/34

    998,135        1,129,697   

6.000%, 08/01/34

    789,768        893,865   

6.000%, 04/01/35

    11,972,981        13,551,116   

6.000%, 06/01/36

    2,374,171        2,673,752   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.000%, 02/01/38

  $ 4,705,399      $ 5,241,180   

6.000%, 03/01/38

    1,348,635        1,515,859   

6.000%, 04/01/38

    888,047        982,898   

6.000%, 05/01/38

    3,963,673        4,455,150   

6.000%, 10/01/38

    5,973,325        6,622,187   

6.000%, 12/01/38

    1,542,030        1,706,731   

6.000%, 09/01/39

    2,690,948        2,978,363   

6.000%, 04/01/40

    11,067,990        12,250,140   

6.000%, 09/01/40

    13,122,248        14,523,810   

6.000%, 10/01/40

    911,982        1,009,389   

6.500%, 05/01/40

    27,875,491        31,764,213   

Fannie Mae ARM Pool
3.055%, 03/01/41 (a)

    1,851,101        1,942,595   

3.144%, 03/01/41 (a)

    2,427,250        2,543,426   

3.308%, 12/01/40 (a)

    3,768,464        3,996,313   

3.335%, 06/01/41 (a)

    6,972,585        7,388,111   

3.484%, 09/01/41 (a)

    5,136,898        5,439,205   

4.986%, 08/01/38 (a)

    2,423,319        2,604,130   

Fannie Mae REMICS

   

5.000%, 04/25/35

    608,822        660,814   

FHLMC Multifamily Structured Pass-Through Certificates
1.560%, 12/25/18 (a) (b)

    25,026,307        2,030,059   

1.879%, 08/25/16 (a) (b)

    12,567,356        639,012   

1.890%, 03/25/22 (a) (b)

    12,303,627        1,511,968   

1.916%, 05/25/19 (a) (b)

    20,588,307        2,012,425   

2.873%, 12/25/21

    19,700,000        21,053,410   

3.974%, 01/25/21 (a)

    8,580,000        9,908,544   

Freddie Mac 30 Yr.
3.500%, TBA

    99,010,000        106,157,284   

4.000%, TBA

    50,500,000        54,208,596   

4.500%, TBA

    142,700,000        153,430,585   

Freddie Mac 30 Yr. Gold Pool
5.000%, 03/01/38

    36,748,486        39,930,347   

5.500%, 04/01/38

    117,393        127,933   

5.500%, 01/01/40

    684,663        746,772   

Freddie Mac ARM Non-Gold Pool
3.022%, 02/01/41 (a)

    3,156,685        3,313,916   

Freddie Mac Multi-Family Mortgage
Trust (144A)
3.740%, 04/25/45 (a)

    3,990,000        3,728,603   

4.023%, 11/25/44 (a)

    1,645,000        1,576,058   

Ginnie Mae 30 Yr.
4.500%, TBA

    5,900,000        6,476,172   

5.000%, TBA

    63,200,000        69,678,000   

Ginnie Mae I 15 Yr. Pool
7.500%, 12/15/14

    39,920        41,292   

Ginnie Mae I 30 Yr. Pool
4.000%, 07/15/39

    24,275        26,826   

4.000%, 09/15/39

    383,620        428,809   

4.000%, 01/15/40

    112,511        126,337   

4.000%, 07/15/40

    186,691        206,306   

4.000%, 08/15/40

    126,494        139,784   

4.000%, 10/15/40

    1,413,113        1,561,584   

4.000%, 11/15/40

    350,394        387,208   

4.000%, 12/15/40

    1,624,260        1,794,916   

4.000%, 02/15/41

    117,097        129,400   

 

MSF-19


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

4.000%, 03/15/41

  $ 5,440,564      $ 6,012,187   

4.000%, 06/15/41

    755,900        835,320   

4.000%, 07/15/41

    1,483,198        1,642,527   

4.000%, 09/15/41

    1,166,954        1,289,564   

4.000%, 10/15/41

    2,212,468        2,445,779   

4.000%, 11/15/41

    3,589,894        3,967,075   

4.000%, 12/15/41

    333,714        368,775   

4.000%, 01/15/42

    3,821,481        4,218,216   

4.000%, 02/15/42

    1,122,820        1,240,005   

4.000%, 03/15/42

    1,502,098        1,658,040   

4.000%, 05/15/42

    647,873        715,640   

4.000%, 06/15/42

    2,387,684        2,635,865   

4.000%, 08/15/42

    1,198,368        1,322,779   

5.500%, 04/15/33

    119,675        133,980   

6.500%, 04/15/33

    106,054        126,836   

8.000%, 11/15/29

    10,267        10,874   

8.500%, 01/15/17

    6,353        6,564   

8.500%, 03/15/17

    1,682        1,689   

8.500%, 05/15/17

    2,784        3,033   

8.500%, 11/15/21

    3,357        3,370   

8.500%, 05/15/22

    1,523        1,641   

9.000%, 10/15/16

    2,328        2,338   

Ginnie Mae II 30 Yr. Pool
4.500%, 05/20/40

    42,714,332        47,425,217   

4.500%, 07/20/40

    9,497,181        10,544,607   

4.500%, 03/20/41

    9,849,153        10,931,680   

4.500%, 02/15/42

    50,346,975        55,614,300   

5.000%, 10/20/33

    3,518,303        3,916,389   
   

 

 

 
      1,563,204,989   
   

 

 

 

Federal Agencies—0.5%

   

Federal National Mortgage Association
Zero Coupon, 10/09/19

    7,275,000        6,399,657   

5.125%, 01/02/14

    7,095,000        7,523,013   

Tennessee Valley Authority
5.250%, 09/15/39

    4,590,000        6,084,605   
   

 

 

 
      20,007,275   
   

 

 

 

U.S. Treasury—20.3%

   

U.S. Treasury Bonds
2.750%, 08/15/42 (f)

    228,083,300        224,305,784   

3.000%, 05/15/42

    2,600,000        2,695,875   

3.125%, 02/15/42

    8,209,900        8,733,281   

U.S. Treasury Inflation Protected Bonds (TIPS)
0.750%, 02/15/42

    9,222,057        10,019,618   

2.125%, 02/15/41

    10,080,522        14,808,126   

U.S. Treasury Notes
0.125%, 09/30/13

    78,180,000        78,128,088   

0.250%, 08/31/14

    2,060,000        2,060,402   

0.250%, 09/30/14

    1,990,000        1,990,466   

0.250%, 09/15/15

    70,325,000        70,204,111   

0.500%, 08/15/14

    14,695,000        14,765,609   

0.625%, 01/31/13

    1,500,000        1,502,462   

0.625%, 08/31/17

    107,974,400        108,041,884   

0.625%, 09/30/17

    68,520,000        68,509,311   

0.875%, 12/31/16 (f)

    58,680,000        59,596,875   

U.S. Treasury—(Continued)

   

U.S. Treasury Notes

   

1.000%, 08/31/19

  $ 100,850,000      $ 100,597,875   

1.625%, 08/15/22

    63,554,900        63,485,371   

2.500%, 04/30/15

    4,180,000        4,417,738   
   

 

 

 
      833,862,876   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Identified Cost $2,389,923,750)

      2,417,075,140   
   

 

 

 
Corporate Bonds & Notes—27.0%   

Aerospace & Defense—0.1%

  

Sequa Corp. (144A)
11.750%, 12/01/15

    2,930,000        3,076,500   
   

 

 

 

Auto Components—0.0%

   

BorgWarner, Inc.
4.625%, 09/15/20

    1,605,000        1,783,797   
   

 

 

 

Beverages—0.4%

   

Anheuser-Busch InBev Worldwide, Inc.
2.500%, 07/15/22

    3,330,000        3,377,166   

3.750%, 07/15/42 (c)

    3,564,000        3,572,771   

Pernod-Ricard S.A. (144A)
4.450%, 01/15/22

    4,550,000        5,016,166   

5.500%, 01/15/42 (c)

    2,710,000        3,092,386   

5.750%, 04/07/21

    1,250,000        1,487,175   
   

 

 

 
      16,545,664   
   

 

 

 

Capital Markets—1.0%

   

Lehman Brothers Holdings, Inc.
6.750%, 12/28/17 (d)

    4,775,000        477   

State Street Capital Trust IV
1.310%, 06/01/77 (a)

    420,000        311,120   

The Goldman Sachs Group, Inc.
5.750%, 01/24/22 (c)

    35,856,000        41,301,666   
   

 

 

 
      41,613,263   
   

 

 

 

Commercial Banks—1.8%

   

ABN Amro Bank NV
6.375%, 04/27/21 (EUR)

    880,000        1,174,558   

Caisse Centrale Desjardins du
Quebec (144A)
2.550%, 03/24/16

    8,820,000        9,378,306   

Canadian Imperial Bank of
Commerce (144A)
2.600%, 07/02/15 (c)

    3,170,000        3,351,007   

Commerzbank AG
6.375%, 03/22/19 (EUR)

    2,300,000        2,745,373   

Discover Bank
7.000%, 04/15/20

    2,780,000        3,348,493   

8.700%, 11/18/19

    2,855,000        3,686,336   

Fifth Third Capital Trust IV
6.500%, 04/15/67 (a)

    3,870,000        3,879,675   

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

    13,340,000        13,723,525   

 

MSF-20


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Commercial Banks—(Continued)

   

HSBC Bank plc (144A)
3.100%, 05/24/16 (c)

  $ 6,615,000      $ 6,970,801   

HSBC Holdings plc
6.500%, 05/02/36

    1,000,000        1,171,500   

JPMorgan Chase Bank N.A.
6.000%, 07/05/17

    8,225,000        9,644,018   

6.000%, 10/01/17 (f)

    4,995,000        5,910,958   

Kreditanstalt fuer Wiederaufbau
1.375%, 07/15/13

    3,785,000        3,814,902   

Sparebank 1 Boligkreditt AS (144A)
2.300%, 06/30/18

    4,845,000        5,056,726   
   

 

 

 
      73,856,178   
   

 

 

 

Consumer Finance—0.6%

   

Capital One Capital VI
8.875%, 05/15/40

    6,620,000        6,730,965   

Ford Motor Credit Co., LLC
6.625%, 08/15/17

    5,020,000        5,822,778   

SLM Corp.
6.000%, 01/25/17 (c)

    8,440,000        9,189,050   

6.250%, 01/25/16

    3,996,000        4,335,660   
   

 

 

 
      26,078,453   
   

 

 

 

Containers & Packaging—0.4%

   

Reynolds Group Issuer, Inc.
6.875%, 02/15/21 (a) (c)

    8,495,000        8,962,225   

Reynolds Group Issuer, Inc. (144A)
7.875%, 08/15/19 (c)

    5,195,000        5,610,600   

Rock-Tenn Co. (144A)
4.000%, 03/01/23

    3,420,000        3,475,264   
   

 

 

 
      18,048,089   
   

 

 

 

Diversified Financial Services—4.5%

   

Bank of America Corp.
3.875%, 03/22/17 (c)

    5,675,000        6,107,083   

5.650%, 05/01/18

    5,490,000        6,259,566   

5.700%, 01/24/22 (c)

    24,070,000        28,271,683   

6.500%, 08/01/16

    3,075,000        3,556,268   

7.625%, 06/01/19

    3,375,000        4,214,467   

BP Capital Markets plc
3.125%, 10/01/15

    2,000,000        2,135,596   

Citigroup, Inc.
4.450%, 01/10/17

    2,290,000        2,515,286   

4.587%, 12/15/15

    21,520,000        23,349,781   

General Electric Capital Corp.
2.125%, 12/21/12

    3,560,000        3,575,276   

JPMorgan Chase & Co.
3.150%, 07/05/16

    15,614,000        16,514,756   

3.250%, 09/23/22 (c)

    13,740,000        13,930,904   

4.500%, 01/24/22

    5,740,000        6,367,095   

Level 3 Financing, Inc.
8.125%, 07/01/19

    5,270,000        5,599,375   

Petrobras International Finance Co.
3.875%, 01/27/16 (c)

    8,145,000        8,615,863   

5.750%, 01/20/20

    8,660,000        9,870,651   

Sprint Capital Corp.
6.875%, 11/15/28

    4,273,000        3,931,160   

Diversified Financial Services—(Continued)

  

Swiss Re Capital I L.P. (144A)
6.854%, 05/29/49 (a)

  $ 5,050,000      $ 5,138,375   

Teva Pharmaceutical Finance Co. BV
3.650%, 11/10/21 (c)

    2,000,000        2,168,028   

Teva Pharmaceutical Finance II BV
3.000%, 06/15/15 (c)

    2,850,000        3,029,108   

Teva Pharmaceutical Finance IV BV
3.650%, 11/10/21

    4,800,000        5,203,267   

Tiers Trust (144A)
2.189%, 05/12/14 (a)

    22,338,000        22,338,000   

Virgin Media Secured Finance plc
6.500%, 01/15/18

    3,110,000        3,405,450   
   

 

 

 
      186,097,038   
   

 

 

 

Diversified Telecommunication Services—0.9%

  

CCH II, LLC
13.500%, 11/30/16

    11,930,000        12,944,050   

Intelsat Jackson Holdings S.A.
7.250%, 04/01/19 (c)

    4,886,000        5,276,880   

Verizon Communications, Inc.
3.500%, 11/01/21 (c)

    5,030,000        5,549,237   

6.100%, 04/15/18

    2,113,000        2,641,011   

6.400%, 02/15/38

    6,149,000        8,287,383   
   

 

 

 
      34,698,561   
   

 

 

 

Electric Utilities—1.5%

  

Alabama Power Co.
3.950%, 06/01/21

    4,350,000        4,915,374   

Duke Energy Carolinas, LLC
4.250%, 12/15/41

    3,680,000        3,879,327   

Energy Future Intermediate Co., LLC
10.000%, 12/01/20 (c)

    18,170,000        20,441,250   

Exelon Generation Co., LLC (144A)
4.250%, 06/15/22

    1,916,000        2,027,268   

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

    3,735,000        5,096,501   

Florida Power Corp.
6.400%, 06/15/38

    1,300,000        1,788,669   

Georgia Power Co.
3.000%, 04/15/16 (c)

    5,930,000        6,359,540   

Jersey Central Power & Light Co.
7.350%, 02/01/19 (c)

    2,335,000        2,995,933   

PacifiCorp.
4.100%, 02/01/42 (c)

    2,700,000        2,859,170   

Southern California Edison Co.
5.950%, 02/01/38

    1,100,000        1,478,929   

Southern Co.
1.950%, 09/01/16

    2,603,000        2,686,249   

The Cleveland Electric Illuminating Co.
5.950%, 12/15/36

    2,527,000        2,933,713   

8.875%, 11/15/18

    1,390,000        1,879,120   

Trans-Allegheny Interstate Line Co. (144A)
4.000%, 01/15/15

    1,525,000        1,597,662   
   

 

 

 
      60,938,705   
   

 

 

 

 

MSF-21


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Energy Equipment & Services—0.9%

  

Ensco plc
3.250%, 03/15/16 (c)

  $ 1,020,000      $ 1,088,241   

Transocean, Inc.
2.500%, 10/15/17

    5,385,000        5,414,849   

3.800%, 10/15/22

    6,686,000        6,720,614   

5.050%, 12/15/16

    8,600,000        9,610,130   

6.000%, 03/15/18

    12,450,000        14,538,251   
   

 

 

 
      37,372,085   
   

 

 

 

Food Products—0.6%

  

Kraft Foods Group, Inc. (144A)
3.500%, 06/06/22

    9,685,000        10,233,084   

5.000%, 06/04/42

    4,232,000        4,721,122   

Kraft Foods, Inc.
6.500%, 08/11/17

    1,540,000        1,893,407   

6.500%, 02/09/40

    5,525,000        7,483,783   
   

 

 

 
      24,331,396   
   

 

 

 

Gas Utilities—0.1%

  

Boston Gas Co. (144A)
4.487%, 02/15/42 (c)

    2,800,000        3,077,435   
   

 

 

 

Health Care Equipment & Supplies—0.3%

  

Boston Scientific Corp.
6.250%, 11/15/15 (a)

    12,319,000        13,969,758   
   

 

 

 

Health Care Providers & Services—0.6%

  

Coventry Health Care, Inc.
5.450%, 06/15/21

    3,653,000        4,276,618   

HCA, Inc.
7.250%, 09/15/20 (c)

    8,300,000        9,296,000   

Tenet Healthcare Corp.
6.250%, 11/01/18 (c)

    4,710,000        5,192,775   

8.875%, 07/01/19 (c)

    4,475,000        5,056,750   

UnitedHealth Group, Inc.
3.375%, 11/15/21

    1,560,000        1,663,221   

WellPoint, Inc.
3.300%, 01/15/23

    778,000        786,893   
   

 

 

 
      26,272,257   
   

 

 

 

Hotels, Restaurants & Leisure—0.3%

  

Caesars Entertainment Operating Co., Inc.
11.250%, 06/01/17

    3,100,000        3,332,500   

Wyndham Worldwide Corp.
4.250%, 03/01/22

    7,015,000        7,209,743   
   

 

 

 
      10,542,243   
   

 

 

 

Insurance—2.0%

  

Allianz Finance II BV
5.750%, 07/08/41 (EUR) (a)

    5,500,000        7,144,742   

American International Group, Inc.
4.875%, 06/01/22 (c)

    11,543,000        13,008,465   

5.450%, 05/18/17

    3,540,000        4,036,181   

8.175%, 05/15/68 (a)

    2,770,000        3,389,787   

AXA S.A.
5.250%, 04/16/40 (EUR) (a)

    4,150,000        4,882,428   

Insurance—(Continued)

   

ING Verzekeringen NV
3.386%, 06/21/21 (EUR) (a)

  $ 880,000      $ 1,085,610   

Lincoln National Corp.
7.000%, 06/15/40

    3,665,000        4,566,630   

Manulife Financial Corp.
3.400%, 09/17/15

    4,510,000        4,722,349   

Muenchener Rueckversicherungs AG
6.000%, 05/26/41 (EUR) (a)

    3,100,000        4,304,099   

Prudential Financial, Inc.
4.500%, 11/15/20 (c)

    2,500,000        2,780,298   

4.750%, 09/17/15 (c)

    8,550,000        9,416,132   

5.375%, 06/21/20 (c)

    3,000,000        3,467,967   

5.875%, 09/15/42

    7,233,000        7,413,825   

7.375%, 06/15/19

    3,860,000        4,881,352   

XL Group plc
6.500%, 12/29/49 (a) (c)

    3,278,000        3,015,760   

ZFS Finance USA Trust V (144A)
6.500%, 05/09/67 (a)

    3,011,000        3,184,132   
   

 

 

 
      81,299,757   
   

 

 

 

IT Services—0.0%

  

First Data Corp. (144A)
7.375%, 06/15/19

    1,245,000        1,283,906   

8.250%, 01/15/21

    415,000        413,963   
   

 

 

 
      1,697,869   
   

 

 

 

Life Sciences Tools & Services—0.1%

  

Life Technologies Corp.
6.000%, 03/01/20

    2,250,000        2,676,231   
   

 

 

 

Media—2.6%

  

CBS Corp.
4.625%, 05/15/18

    1,525,000        1,735,601   

5.750%, 04/15/20

    1,540,000        1,851,594   

8.875%, 05/15/19

    2,705,000        3,625,766   

Clear Channel Worldwide Holdings, Inc.
9.250%, 12/15/17

    8,569,000        9,233,098   

9.250%, 12/15/17 (c)

    1,019,000        1,092,878   

Comcast Cable Communications, LLC
8.500%, 05/01/27

    2,400,000        3,484,246   

Comcast Corp.
4.650%, 07/15/42

    8,925,000        9,546,260   

5.875%, 02/15/18

    2,684,000        3,265,293   

COX Communications, Inc. (144A)
8.375%, 03/01/39

    9,635,000        14,669,711   

DIRECTV Holdings, LLC
5.150%, 03/15/42

    2,176,000        2,213,810   

6.375%, 03/01/41

    2,574,000        3,013,353   

NBCUniversal Media, LLC
2.875%, 01/15/23

    3,285,000        3,278,988   

4.375%, 04/01/21 (c)

    1,990,000        2,256,533   

5.150%, 04/30/20

    21,753,000        25,779,132   

QVC, Inc. (144A)
7.500%, 10/01/19

    4,045,000        4,475,817   

Time Warner Cable, Inc.
4.500%, 09/15/42

    11,537,000        11,505,585   

5.500%, 09/01/41 (a)

    3,430,000        3,881,340   

 

MSF-22


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Media—(Continued)

  

Time Warner, Inc.
4.700%, 01/15/21

  $ 1,230,000      $ 1,412,732   
   

 

 

 
      106,321,737   
   

 

 

 

Metals & Mining—0.2%

  

Novelis, Inc.
8.750%, 12/15/20

    7,985,000        8,843,388   
   

 

 

 

Multi-Utilities—0.5%

  

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

    6,100,000        6,304,643   

MidAmerican Energy Holdings Co.
5.950%, 05/15/37

    5,890,000        7,381,743   

6.500%, 09/15/37

    4,650,000        6,226,787   
   

 

 

 
      19,913,173   
   

 

 

 

Multiline Retail—0.6%

  

Macy’s Retail Holdings, Inc.
5.900%, 12/01/16

    11,835,000        13,817,209   

7.450%, 07/15/17

    8,349,000        10,323,229   
   

 

 

 
      24,140,438   
   

 

 

 

Oil, Gas & Consumable Fuels—3.4%

  

Anadarko Petroleum Corp.
5.950%, 09/15/16

    11,649,000        13,497,673   

6.375%, 09/15/17

    12,851,000        15,493,397   

Consol Energy, Inc.
8.250%, 04/01/20 (c)

    2,423,000        2,538,092   

El Paso Pipeline Partners Operating Co., LLC
6.500%, 04/01/20

    8,669,000        10,284,347   

Energy Transfer Partners, L.P.
6.500%, 02/01/42

    9,633,000        11,115,808   

Enterprise Products Operating, LLC
5.950%, 02/01/41

    2,000,000        2,365,848   

6.300%, 09/15/17

    6,900,000        8,392,601   

EOG Resources, Inc.
2.625%, 03/15/23

    5,853,000        5,916,084   

Kinder Morgan Energy Partners, L.P.
5.950%, 02/15/18

    9,575,000        11,527,046   

Laredo Petroleum, Inc.
7.375%, 05/01/22

    3,500,000        3,780,000   

Linn Energy, LLC (144A)
6.250%, 11/01/19 (c)

    7,025,000        6,989,875   

MEG Energy Corp. (144A)
6.375%, 01/30/23

    1,895,000        2,022,913   

6.500%, 03/15/21

    7,455,000        7,976,850   

OGX Petroleo e Gas Participacoes S.A. (144A)
8.500%, 06/01/18 (c)

    520,000        468,000   

Peabody Energy Corp. (144A)
6.250%, 11/15/21 (c)

    3,670,000        3,651,650   

Plains All American Pipeline, L.P.
8.750%, 05/01/19

    1,067,000        1,434,745   

Pride International, Inc.
6.875%, 08/15/20 (c)

    1,450,000        1,835,591   

Oil, Gas & Consumable Fuels—(Continued)

  

 

Range Resources Corp.
5.750%, 06/01/21

  $ 1,060,000      $ 1,139,500   

7.250%, 05/01/18

    13,740,000        14,530,050   

Valero Energy Corp.
6.625%, 06/15/37

    2,502,000        3,019,826   

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

    3,515,000        3,664,809   

5.375%, 06/01/21 (c)

    5,918,000        6,726,399   

Williams Cos., Inc.
7.875%, 09/01/21

    1,700,000        2,228,926   
   

 

 

 
      140,600,030   
   

 

 

 

Paper & Forest Products—0.4%

  

International Paper Co.
4.750%, 02/15/22 (c)

    6,255,000        7,102,690   

6.000%, 11/15/41

    6,620,000        8,066,708   
   

 

 

 
      15,169,398   
   

 

 

 

Real Estate Investment Trusts—0.3%

  

Ventas Realty, L.P.
4.750%, 06/01/21

    2,635,000        2,895,947   

Vornado Realty L.P.
5.000%, 01/15/22

    7,375,000        8,160,570   
   

 

 

 
      11,056,517   
   

 

 

 

Real Estate Management & Development—0.1%

  

Realogy Corp. (144A)
7.875%, 02/15/19 (c)

    4,118,000        4,323,900   
   

 

 

 

Road & Rail—0.1%

  

Burlington Northern Santa Fe, LLC
3.050%, 09/01/22

    1,390,000        1,438,676   

4.375%, 09/01/42 (c)

    2,828,000        2,992,061   
   

 

 

 
      4,430,737   
   

 

 

 

Thrifts & Mortgage Finance—0.1%

  

Northern Rock Asset Management plc (144A)
5.625%, 06/22/17

    2,925,000        3,286,823   
   

 

 

 

Trading Companies & Distributors—0.2%

  

UR Financing Escrow Corp. (144A)
7.625%, 04/15/22

    8,490,000        9,296,550   
   

 

 

 

Wireless Telecommunication Services—1.4%

  

America Movil SAB de C.V.
2.375%, 09/08/16

    7,975,000        8,298,697   

3.125%, 07/16/22

    3,786,000        3,901,405   

4.375%, 07/16/42 (c)

    3,421,000        3,548,138   

Cricket Communications, Inc.
7.750%, 05/15/16

    4,510,000        4,758,050   

Crown Castle Towers, LLC (144A)
6.113%, 01/15/40

    16,100,000        19,390,582   

MetroPCS Wireless, Inc.
7.875%, 09/01/18 (c)

    270,000        291,600   

SBA Tower Trust (144A)
5.101%, 04/15/42

    3,780,000        4,212,353   

 

MSF-23


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Wireless Telecommunication Services—(Continued)

  

Sprint Nextel Corp. (144A)
9.000%, 11/15/18

  $ 10,180,000      $ 12,216,000   
   

 

 

 
      56,616,825   
   

 

 

 

Yankee—1.0%

  

Hydro-Quebec
8.050%, 07/07/24

    18,590,000        27,537,962   

8.400%, 01/15/22

    4,455,000        6,424,177   

Nexen, Inc.
6.400%, 05/15/37

    2,280,000        2,894,248   

7.500%, 07/30/39

    3,380,000        4,816,834   
   

 

 

 
      41,673,221   
   

 

 

 

Total Corporate Bonds & Notes
(Identified Cost $1,047,819,662)

      1,109,648,016   
   

 

 

 
Mortgage-Backed Securities—11.3%   

Collateralized-Mortgage Obligation—1.7%

  

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

    4,216,854        3,623,281   

Bear Stearns Adjustable Rate Mortgage Trust
5.259%, 11/25/34 (a)

    1,603,053        1,498,688   

Countrywide Alternative Loan Trust
0.421%, 03/20/47 (a)

    3,858,418        2,314,055   

5.500%, 11/25/35

    2,996,300        2,465,182   

5.500%, 04/25/37

    2,294,669        1,686,596   

6.500%, 09/25/37

    16,785,168        12,658,148   

Countrywide Home Loan Mortgage Pass-Through Trust
0.417%, 04/25/46 (a)

    1,427,928        915,149   

6.000%, 04/25/36

    2,183,882        1,890,065   

6.250%, 09/25/36

    2,610,183        2,103,604   

Credit Suisse Mortgage Capital
Certificates (144A)
2.770%, 03/27/37 (a)

    2,661,188        2,546,823   

4.736%, 08/27/46 (a)

    5,339,318        4,674,291   

5.092%, 05/27/36 (a)

    5,322,815        5,082,564   

GMAC Mortgage Corp. Loan Trust
5.644%, 04/19/36 (a)

    4,740,652        4,163,203   

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

    3,222,094        2,992,752   

Indymac INDA Mortgage Loan Trust
5.418%, 09/25/36 (a)

    8,018,130        6,850,546   

JPMorgan Mortgage Trust
5.500%, 03/25/22

    298,657        297,055   

5.875%, 06/25/21

    373,046        362,000   

6.500%, 08/25/36

    1,190,034        1,101,854   

Merrill Lynch Mortgage Investors, Inc.
2.943%, 05/25/36 (a)

    4,427,118        3,311,002   

Residential Funding Mortgage Securities I
5.500%, 11/25/35

    2,128,906        2,171,060   

6.000%, 04/25/37

    3,326,787        2,691,750   

Structured Adjustable Rate Mortgage Loan Trust
5.711%, 04/25/47 (a)

    3,238,699        2,511,080   

Collateralized-Mortgage Obligation—(Continued)

  

Wells Fargo Mortgage Backed Securities Trust
2.615%, 07/25/36 (a)

  $ 3,109,259      $ 3,113,851   
   

 

 

 
      71,024,599   
   

 

 

 

Commercial Mortgage-Backed Securities—9.6%

  

Banc of America Commercial Mortgage, Inc.
4.621%, 07/10/43

    5,225,000        5,329,484   

5.893%, 06/10/49 (a)

    577,594        577,814   

Banc of America Large Loan, Inc. (144A)
1.971%, 11/15/15 (a)

    14,972,718        14,955,545   

5.035%, 12/20/41 (a)

    8,165,000        8,600,113   

Banc of America Merrill Lynch Commercial Mortgage, Inc.
5.482%, 01/15/49 (a)

    630,000        649,332   

5.893%, 06/10/49 (a)

    4,795,000        5,081,214   

Bear Stearns Commercial Mortgage Securities
5.449%, 12/11/40 (a)

    780,000        830,499   

Citigroup Commercial Mortgage Trust
6.262%, 12/10/49 (a)

    3,560,000        3,895,754   

Commercial Mortgage Pass-Through Certificates
2.446%, 05/15/45 (a)

    54,275,616        7,492,640   

5.167%, 06/10/44 (a)

    7,050,000        7,654,530   

5.347%, 12/10/46

    5,320,000        5,687,479   

Commercial Mortgage Pass-Through
Certificates (144A)
3.400%, 10/05/30

    10,795,000        11,172,825   

Credit Suisse First Boston Mortgage Securities Corp.
3.936%, 05/15/38 (a)

    8,525,272        8,619,945   

4.829%, 11/15/37

    9,110,000        9,794,516   

Credit Suisse Mortgage Capital Certificates
5.448%, 01/15/49 (a)

    108,311        109,287   

CW Capital Cobalt, Ltd.
5.223%, 08/15/48

    3,465,000        3,891,004   

DBRR Trust
5.940%, 06/17/49 (a)

    3,600,000        4,172,868   

DBRR Trust (144A)
0.946%, 09/25/45

    18,575,000        18,608,377   

Extended Stay America Trust (144A)
4.221%, 11/05/27 (a)

    17,440,000        17,543,315   

4.860%, 11/05/27 (a)

    2,120,000        2,139,014   

GE Capital Commercial Mortgage Corp.
4.578%, 06/10/48

    4,064,882        4,124,217   

Greenwich Capital Commercial Funding Corp.
4.799%, 08/10/42 (a)

    10,480,000        11,284,067   

5.736%, 12/10/49

    2,210,000        2,577,868   

6.065%, 07/10/38 (a)

    1,850,000        1,643,832   

GS Mortgage Securities Corp. II
5.591%, 11/10/39

    1,830,000        2,007,367   

5.622%, 11/10/39

    4,300,000        3,649,677   

5.983%, 08/10/45 (a)

    11,279,578        12,917,485   

 

MSF-24


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mortgage-Backed Securities—(Continued)

 

Security Description   Par
Amount
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

GS Mortgage Securities Corp. II (144A)
2.933%, 06/05/31

  $ 4,560,000      $ 4,795,647   

3.551%, 04/10/34

    12,028,000        12,991,491   

3.633%, 06/05/31

    2,070,000        2,119,755   

JPMorgan Chase Commercial Mortgage Securities Corp.
2.234%, 06/16/45 (a)

    25,270,038        2,948,053   

3.483%, 06/16/45 (a)

    2,255,000        2,453,354   

5.115%, 07/15/41

    13,855,000        14,734,377   

5.447%, 06/12/47

    3,230,070        3,432,929   

5.481%, 12/12/44 (a)

    4,000,000        4,508,912   

5.637%, 12/12/44 (a)

    3,600,000        3,751,013   

6.005%, 06/15/49 (a)

    1,975,438        2,160,238   

6.086%, 02/12/51 (a)

    8,450,183        9,398,167   

JPMorgan Chase Commercial Mortgage Securities Corp. (144A)
4.158%, 01/12/39

    3,694,427        3,813,355   

4.675%, 07/05/32 (a)

    2,500,000        2,540,378   

5.951%, 06/15/43

    8,060,000        9,917,379   

LB Commercial Conduit Mortgage Trust
6.086%, 07/15/44 (a)

    4,000,000        4,754,104   

LB-UBS Commercial Mortgage Trust
4.633%, 09/15/27 (a)

    2,246,182        2,247,664   

5.156%, 02/15/31

    4,580,000        5,135,847   

5.347%, 11/15/38

    7,141,255        8,246,214   

5.455%, 02/15/40

    3,379,048        3,631,973   

5.858%, 07/15/40 (a)

    5,665,000        6,695,877   

5.866%, 09/15/45 (a)

    11,285,000        13,442,128   

Merrill Lynch Mortgage Trust
4.864%, 08/12/39 (a)

    4,500,000        4,807,899   

5.047%, 07/12/38 (a)

    2,500,000        2,785,842   

Morgan Stanley 2007-XLC 1, Ltd.
0.556%, 07/17/17 (a)

    4,744,562        4,739,059   

Morgan Stanley Bank of America Merrill Lynch Trust (144A)
3.277%, 10/15/22

    3,435,000        3,520,590   

Morgan Stanley Capital I
6.036%, 06/11/49 (a)

    2,162,004        2,197,679   

Morgan Stanley Capital I (144A)
2.887%, 03/15/45 (a)

    45,900,574        6,697,904   

6.340%, 07/15/30

    3,050,000        3,199,529   

Morgan Stanley Capital I Trust 2007-IQ15
6.076%, 06/11/49 (a)

    5,345,000        5,630,979   

Morgan Stanley Reremic Trust (144A)
Zero Coupon, 07/17/56

    6,440,000        5,683,300   

2.000%, 07/27/49

    7,034,310        7,095,860   

2.500%, 03/23/51

    6,920,232        6,976,458   

3.000%, 07/17/56

    1,396,818        1,400,310   

RBSCF Trust (144A)
6.122%, 02/16/51 (a)

    10,000,000        11,778,660   

S2 Hospitality, LLC (144A)
4.500%, 04/15/25

    5,394,678        5,425,266   

UBS-Barclays Commercial Mortgage Trust
3.091%, 08/10/49

    5,660,000        5,889,615   

Wachovia Bank Commercial Mortgage Trust
5.416%, 01/15/45 (a)

    5,000,000        5,686,675   

6.122%, 02/15/51 (a)

    3,870,000        4,561,840   

Commercial Mortgage-Backed Securities—(Continued)

  

Wells Fargo Reremic Trust (144A)
1.750%, 08/20/21

  $ 7,764,399      $ 7,735,516   
   

 

 

 
      394,541,904   
   

 

 

 

Total Mortgage-Backed Securities
(Identified Cost $447,206,967)

      465,566,503   
   

 

 

 
Asset-Backed Securities—9.5%   

Asset Backed—Automobile—4.8%

  

AmeriCredit Automobile Receivables Trust
2.420%, 05/08/18

    3,450,000        3,509,671   

2.640%, 10/10/17

    3,470,000        3,552,478   

3.030%, 07/09/18

    2,290,000        2,323,116   

3.380%, 04/09/18

    4,875,000        5,003,105   

3.440%, 10/08/17 (a)

    5,300,000        5,532,304   

CarMax Auto Owner Trust
1.760%, 08/15/17

    2,075,000        2,097,431   

2.200%, 10/16/17

    1,250,000        1,268,991   

3.090%, 08/15/18

    1,560,000        1,576,101   

Chesapeake Funding, LLC (144A)
1.828%, 11/07/23 (a)

    3,230,000        3,238,333   

2.228%, 11/07/23 (a)

    2,075,000        2,080,324   

Credit Acceptance Auto Loan Trust (144A)
1.520%, 03/16/20 (a)

    4,950,000        4,949,159   

2.060%, 04/16/18

    3,205,000        3,205,622   

2.200%, 09/16/19

    10,500,000        10,571,306   

DT Auto Owner Trust (144A)
1.850%, 04/17/17 (a)

    620,000        621,098   

2.260%, 10/16/17 (a)

    3,580,000        3,587,948   

2.720%, 04/17/17 (a)

    200,000        200,431   

3.380%, 10/16/17 (a)

    1,920,000        1,926,190   

4.030%, 02/15/17

    2,355,000        2,389,880   

4.350%, 03/15/19 (a)

    1,640,000        1,644,859   

4.940%, 07/16/18

    4,500,000        4,568,436   

Ford Credit Floorplan Master Owner Trust
1.390%, 09/15/16

    2,525,000        2,524,759   

1.721%, 01/15/16 (a)

    4,765,000        4,783,636   

2.090%, 09/15/16

    4,405,000        4,405,019   

2.321%, 01/15/16 (a)

    4,460,000        4,488,990   

2.860%, 01/15/19

    1,125,000        1,154,256   

3.510%, 01/15/19 (a)

    1,980,000        2,014,589   

Hyundai Auto Receivables Trust
2.610%, 05/15/18

    5,570,000        5,648,052   

Santander Consumer Acquired Receivables Trust (144A)
1.660%, 08/15/16

    411,561        412,802   

2.010%, 08/15/16

    2,213,355        2,224,656   

3.190%, 10/15/15

    3,520,000        3,623,988   

Santander Drive Auto Receivables Trust
1.560%, 08/15/18

    4,885,000        4,897,745   

1.940%, 12/15/16 (a)

    7,860,000        7,895,087   

2.700%, 08/15/18

    2,330,000        2,365,437   

2.720%, 05/16/16 (a)

    2,410,000        2,455,315   

3.270%, 04/16/18 (a)

    10,710,000        10,860,293   

3.300%, 09/17/18

    1,975,000        2,029,986   

3.480%, 12/15/17 (a)

    2,600,000        2,656,670   

 

MSF-25


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Asset-Backed Securities—(Continued)

 

Security Description   Par
Amount
    Value  

Asset Backed—Automobile—(Continued)

  

Santander Drive Auto Receivables Trust

   

3.620%, 02/15/18 (a)

  $ 16,830,000      $ 17,154,718   

3.780%, 11/15/17 (a)

    3,250,000        3,407,947   

3.870%, 02/15/18 (a)

    10,135,000        10,431,682   

3.890%, 07/17/17

    5,780,000        6,002,339   

3.910%, 05/15/18 (a)

    8,815,000        8,989,616   

4.010%, 02/15/17

    12,000,000        12,262,956   

4.180%, 06/15/18 (a)

    3,510,000        3,569,270   

Santander Drive Auto Receivables Trust (144A)
1.480%, 05/15/17

    1,918,731        1,924,071   

2.860%, 06/15/17

    6,252,109        6,275,801   
   

 

 

 
      198,306,463   
   

 

 

 

Asset Backed—Credit Card—0.3%

  

World Financial Network Credit Card Master Trust
2.230%, 08/15/22

    10,290,000        10,345,494   
   

 

 

 

Asset Backed—Home Equity—0.1%

  

GSAA Trust
0.497%, 10/25/35 (a)

    6,147,037        5,383,483   

Option One Mortgage Loan Trust
1.342%, 11/25/32 (a)

    255,361        191,973   
   

 

 

 
      5,575,456   
   

 

 

 

Asset Backed—Other—2.3%

  

321 Henderson Receivables I, LLC (144A)
3.820%, 12/15/48

    4,411,995        4,609,820   

4.070%, 01/15/48

    2,044,154        2,142,539   

5.560%, 07/15/59

    5,515,415        6,198,334   

AH Mortgage Advance Trust (144A)
2.750%, 05/10/43 (a)

    4,085,000        4,100,523   

2.980%, 03/13/43 (a)

    6,205,000        6,245,624   

Capital Trust Re CDO, Ltd. (144A)
0.529%, 10/20/43 (a)

    6,618,775        5,792,554   

Chase Funding Mortgage Loan Asset-Backed Certificates
5.833%, 04/25/32 (a)

    1,045,578        1,072,864   

First Franklin Mortgage Loan Asset Backed Certificates
0.427%, 12/25/36 (a)

    16,130,000        7,650,024   

Ford Credit Floorplan Master Owner Trust
2.370%, 09/15/15

    4,257,000        4,269,124   

2.860%, 09/15/15

    2,955,000        2,963,247   

Ford Credit Floorplan Master Owner Trust (144A)
2.410%, 09/15/15

    1,790,000        1,811,136   

ING Investment Management (144A)
1.968%, 10/15/22 (a)

    8,415,000        8,406,181   

ING Investment Management Co. (144A)
1.810%, 10/15/22

    15,283,000        15,231,940   

Knollwood CDO, Ltd. (144A)
3.660%, 01/10/39 (a)

    702,430        7   

Merrill Lynch First Franklin Mortgage Loan Trust
0.457%, 05/25/37 (a)

    16,380,000        8,192,506   

Asset Backed—Other—(Continued)

  

OZLM Funding, Ltd. (144A)
1.867%, 10/30/23

  $ 8,930,000      $ 8,930,000   

PFS Financing Corp. (144A)
1.421%, 02/15/16 (a)

    4,770,000        4,786,285   
   

 

 

 
      92,402,708   
   

 

 

 

Asset Backed—Student Loan—2.0%

  

Nelnet Student Loan Trust
0.544%, 08/23/27 (a)

    1,190,000        1,129,247   

2.156%, 11/25/24 (a)

    6,095,000        6,399,933   

Scholar Funding Trust (144A)
1.347%, 10/28/43 (a)

    2,968,949        2,906,236   

SLM Student Loan Trust
0.569%, 03/15/23 (a)

    8,604,007        8,347,702   

0.589%, 06/15/21 (a)

    8,622,230        8,409,848   

2.151%, 07/25/23 (a)

    7,300,000        7,695,485   

SLM Student Loan Trust (144A)
1.321%, 08/15/23 (a)

    7,319,283        7,370,796   

1.621%, 08/15/25 (a)

    3,206,856        3,241,586   

2.950%, 02/15/46

    14,650,000        15,228,646   

3.330%, 10/15/46 (a)

    12,475,000        13,182,632   

3.830%, 01/17/45

    3,365,000        3,597,451   

4.540%, 10/17/44

    3,930,000        4,314,153   
   

 

 

 
      81,823,715   
   

 

 

 

Total Asset-Backed Securities
(Identified Cost $380,133,936)

      388,453,836   
   

 

 

 
Foreign Government—4.8%                

Sovereign—4.8%

  

Brazilian Government International Bond
7.125%, 01/20/37

    1,520,000        2,291,400   

Deutsche Bundesrepublik Inflation Linked Bond
0.100%, 04/15/23 (EUR)

    41,646,465        56,728,845   

Italy Buoni Poliennali Del Tesoro
2.100%, 09/15/21 (EUR)

    8,985,408        10,167,097   

2.550%, 09/15/41 (EUR)

    2,428,041        2,355,404   

4.750%, 06/01/17 (EUR)

    40,348,000        53,528,582   

5.250%, 08/01/17 (EUR)

    10,320,000        14,012,379   

Mexico Government International Bond
5.125%, 01/15/20 (c)

    7,480,000        8,938,600   

5.625%, 01/15/17

    2,130,000        2,489,970   

Poland Government International Bond
5.000%, 03/23/22

    3,500,000        4,060,000   

5.125%, 04/21/21

    3,525,000        4,106,625   

6.375%, 07/15/19

    1,110,000        1,370,850   

Russian Foreign Bond-Eurobond
7.500%, 03/31/30 (a)

    14,952,875        18,878,005   

South Africa Government International Bond
4.665%, 01/17/24

    2,600,000        2,918,500   

5.500%, 03/09/20

    2,680,000        3,182,500   

Turkey Government International Bond
5.625%, 03/30/21

    2,620,000        2,986,800   

6.250%, 09/26/22

    4,880,000        5,839,896   

7.000%, 03/11/19

    2,320,000        2,813,000   
   

 

 

 

Total Foreign Government
(Identified Cost $190,318,182)

      196,668,453   
   

 

 

 

 

MSF-26


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Term Loans—0.2%

 

Security Description       
Notional/Par
Amount
    Value  

Hotels, Restaurants & Leisure—0.2%

  

Motel 6 Operating, L.P.
10.000%, 10/15/17 (e)

  $ 7,250,000      $ 7,250,000   
   

 

 

 

Total Term Loans
(Identified Cost $7,250,000)

      7,250,000   
   

 

 

 
Municipal Bonds & Notes—0.2%   

Municipal Agency—0.2%

  

New York City Municipal Water Finance Authority
5.375%, 06/15/43

    2,360,000        2,800,494   

5.500%, 06/15/43

    2,825,000        3,389,435   
   

 

 

 

Total Municipal Bonds & Notes
(Identified Cost $5,110,893)

      6,189,929   
   

 

 

 
Options Purchased—0.1%   

Call Options—0.1%

  

10 Year Right-to-Receive Fixed Swaption 1.55%, Expires 12/14/12 (Counterparty-JPMorgan Chase Bank)

    24,100,000        106,079   

30 Year Right-to-Receive Fixed Swaption 2.25%, Expires 11/09/12 (Counterparty-Bank of America N.A.)

    25,200,000        69,688   

30 Year Right-to-Receive Fixed Swaption 2.69%, Expires 03/11/13 (Couterparty-Deutsche Bank Securities, Inc.)

    11,100,000        578,937   

5 Year Right-to-Receive Fixed Swaption 1.07%, Expires 07/25/13 (Counterparty-Deutsche Bank Securities, Inc.)

    112,100,000        1,079,971   

EUR Currency, Strike Price USD 1.291, Expires 12/20/12 (Counterparty-Royal Bank of Scotland plc) (EUR)

    10,945,000        211,887   

Eurodollar Midcurve 3 Year Futures @ 98.875, Expires 11/16/12

    4,450,000        1,157,000   
   

 

 

 
      3,203,562   
   

 

 

 

Put Options—0.0%

  

10 Year Right-to-Pay Fixed Swaption 4.50%, Expires 03/20/17 (Counterparty-Deutsche Bank Securities, Inc.)

    21,900,000        537,233   

30 Year Right-to-Pay Fixed Swaption 2.69%, Expires 03/11/13 (Counterparty-Deutsche Bank Securities, Inc.)

    11,100,000        508,282   

30 Year Right-to-Pay Fixed Swaption 3.50%, Expires 11/08/12 (Counterparty-Bank of America N.A.) (EUR)

    34,900,000        58   

5 Year Right-to-Pay Fixed Swaption 1.07%, Expires 07/25/13 (Counterparty-Deutsche Bank Securities, Inc.)

    112,100,000        959,632   

5 Year Right-to-Pay Fixed Swaption 2.13%, Expires 03/21/13 (Counterparty-Deutsche Bank Securities, Inc.)

    62,900,000        10,423   

Put Options—(Continued)

  

AUD Currency, Strike Price USD 1.007, Expires 10/12/12 (Counterparty-Citibank N.A.) (AUD)

    8,890,000      $ 5,598   

EUR Currency, Strike Price USD 1.180, Expires 12/20/12 (Counterparty-Bank of America N.A.) (EUR)

    332,400        46,829   
   

 

 

 
      2,068,055   
   

 

 

 

Total Options Purchased
(Identified Cost $9,431,632)

      5,271,617   
   

 

 

 
Preferred Stock—0.1%   

Diversified Financial Services—0.1%

  

Citigroup Capital XIII

    147,339        4,103,391   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

Federal Home Loan Mortgage Corp. (g)

    70,000        59,500   

Federal National Mortgage Association (Series S) (g)

    70,000        60,900   
   

 

 

 
      120,400   
   

 

 

 

Total Preferred Stock
(Identified Cost $4,119,535)

      4,223,791   
   

 

 

 
Short Term Investments—6.2%   

Mutual Funds—2.4%

   

State Street Navigator Securities Lending Prime Portfolio (h)

    100,968,620        100,968,620   
   

 

 

 

Repurchase Agreement—3.8%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $155,404,130 on 10/01/12, collateralized by $50,000,000 Federal Home Loan Mortgage Corp. 0.700% due 12/19/13 with a value of $50,125,000; and by $60,875,000 Federal Home Loan Mortgage Corp. 4.500% due 01/15/14 with a value of $64,831,875; and by $42,870,000 U.S. Treasury Note 0.750% due 12/15/13 with a value of $43,240,225; and by $315,000 U.S. Treasury Note 1.000% due 01/15/14 with a value of $318,817.

  $ 155,404,000        155,404,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $256,372,620)

      256,372,620   
   

 

 

 

Total Investments—118.2%
(Identified Cost $4,737,687,177) (i)

      4,856,719,905   

Liabilities in excess of other assets

      (747,461,057
   

 

 

 
Net Assets—100.0%     $ 4,109,258,848   
   

 

 

 

 

MSF-27


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2012.
(b) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments. The par amount shown reflects the notional amount of the security.
(c) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $99,015,689 and the collateral received consisted of cash in the amount of $100,968,620. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(d) Non-Income Producing; Defaulted Bond.
(e) Security was valued in good faith under procedures approved by the Board of Trustees.
(f) All or a portion of the security was pledged as collateral against open swap contracts. As of September 30, 2012, the market value of securities pledged was $13,125,640.
(g) Non-Income Producing.
(h) Represents investment of cash collateral received from securities lending transactions.
(i) As of September 30, 2012, the aggregate cost of investments was $4,737,687,177. The aggregate unrealized appreciation and depreciation of investments was $137,140,557 and $(18,107,829), respectively, resulting in net unrealized appreciation of $119,032,728.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2012, the market value of 144A securities was $565,094,700, which is 13.8% of net assets.
(ARM)— Adjustable-Rate Mortgage.
(REMIC)— Real Estate Mortgage Investment Conduits.
(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.
(TIPS)— A Treasury Inflation Protected Security is a security with a fixed interest rate and the principal is adjusted for inflation. At maturity, the security will be redeemed at the greater of the inflation adjusted principal or par amount at original issue.
(AUD)— Australian Dollar
(EUR)— Euro

 

TBA Sale Commitments     

Security Description

   Face
Amount
    Value  
Fannie Mae     

3.500% (15 Year TBA)

   $ (31,100,000   $ (33,092,344

3.500% (30 Year TBA)

     (39,200,000     (42,042,000

4.000% (15 Year TBA)

     (33,700,000     (36,037,938

4.500% (30 Year TBA)

     (197,300,000     (213,546,432
Ginnie Mae     

4.000% (30 Year TBA)

     (800,000     (882,000

4.500% (30 Year TBA)

     (62,000,000     (68,403,434
    

 

 

 

Total TBA Sale Commitments (Proceeds $392,959,613)

  

  $ (394,004,148
    

 

 

 

 

Forward Contracts   

Forward Foreign Currency Contracts

  Counterparty   Delivery Date     Local
Currency
Amount
    Aggregate
Face
Value
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

Australian Dollar (bought)

  Goldman Sachs Capital Markets     10/12/12        2,695,000      $ 2,707,801      $ 2,793,300      $ 85,499   

Australian Dollar (bought)

  Citibank N.A.     10/12/12        1,750,000        1,815,721        1,813,831        (1,890

Australian Dollar (sold)

  Goldman Sachs Capital Markets     10/12/12        4,445,000        4,469,047        4,607,131        (138,084

Australian Dollar (sold)

  UBS AG     10/19/12        12,795,000        13,369,598        13,253,494        116,104   

Canadian Dollar (bought) for Australian Dollar*

  Deutsche Bank AG     10/19/12        20,036,523        20,359,314        20,373,260        13,946   

Canadian Dollar (sold)

  BNP Paribas S.A.     10/17/12        176,000        171,932        178,965        (7,033

Canadian Dollar (sold)

  Credit Suisse     10/17/12        757,000        742,937        769,755        (26,818

Canadian Dollar (sold)

  Royal Bank of Scotland plc     10/17/12        4,108,000        4,040,551        4,177,215        (136,664

Canadian Dollar (sold)

  UBS AG     10/17/12        318,000        312,813        323,358        (10,545

Euro (bought)

  Deutsche Bank AG     10/22/12        4,886,000        6,325,972        6,279,982        (45,990

Euro (bought)

  Citibank N.A.     10/22/12        3,170,000        4,105,971        4,074,405        (31,566

Euro (sold)

  Royal Bank of Scotland plc     10/17/12        15,769,000        20,268,763        20,266,925        1,838   

Euro (sold)

  UBS AG     10/19/12        22,495,000        29,509,143        28,912,004        597,139   

Euro (sold)

  Citibank N.A.     10/22/12        870,000        1,096,748        1,118,212        (21,464

Euro (sold)

  Citibank N.A.     10/22/12        900,000        1,157,351        1,156,771        580   

Euro (sold)

  Citibank N.A.     10/22/12        17,134,000        21,425,587        22,022,353        (596,766

Euro (sold)

  Citibank N.A.     10/22/12        55,523,000        68,071,198        71,363,785        (3,292,587

Euro (sold)

  Deutsche Bank AG     10/22/12        15,854,000        20,530,217        20,377,167        153,050   

Euro (sold)

  Royal Bank of Scotland plc     10/22/12        4,168,000        5,170,583        5,357,136        (186,553

Euro (sold)

  Royal Bank of Scotland plc     10/22/12        11,568,000        14,442,347        14,868,365        (426,018

Mesican Peso (bought)

  Royal Bank of Scotland plc     10/22/12        65,766,123        5,102,500        5,099,224        (3,276

 

MSF-28


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Forward Contracts—(Continued)   

Forward Foreign Currency Contracts

  Counterparty   Delivery Date     Local
Currency
Amount
    Aggregate
Face
Value
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

Mesican Peso (bought)

  Royal Bank of Scotland plc     10/22/12        65,770,715      $ 5,102,500      $ 5,099,581      $ (2,919

Mesican Peso (bought)

  Bank of America N.A.     10/22/12        132,460,900        10,205,000        10,270,453        65,453   

Mexican Peso (bought) for Australian Dollar*

  Deutsche Bank AG     12/19/12        18,159,771        1,384,260        1,400,043        15,783   

Mexican Peso (bought) for Australian Dollar*

  Deutsche Bank AG     12/19/12        18,168,556        1,384,260        1,400,720        16,460   

Mexican Peso (bought) for Australian Dollar*

  JPMorgan Chase Bank     12/19/12        18,165,146        1,384,260        1,400,457        16,197   

Yuan Renminbi (sold)

  Standard Chartered Bank     06/07/13        63,410,000        9,852,393        9,907,738        (55,345

Yuan Renminbi (sold)

  Standard Chartered Bank     06/07/13        63,410,000        9,869,261        9,907,738        (38,477

Yuan Renminbi (sold)

  Credit Suisse     08/19/13        63,710,000        9,888,251        9,915,722        (27,471
           

 

 

 

Net Unrealized Depreciation

  

  $ (3,967,417
           

 

 

 

 

* For cross-currency exchange contracts, the local currency amount represents the local currency being purchased. The aggregate face value represents the U.S. dollar value at September 30, 2012 of the currency being sold and the valuation as of September 30, 2012 is the U.S. dollar value of the currency being purchased.

 

Futures Contracts               

Futures Contracts—Long

   Exchange    Expiration
Date
     Number of
Contracts
    Contract
Amount
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

10 Year Australian T-Bond Futures

   Australian Stock Exchange      12/17/12         402      $ 51,442,360      $ 52,913,435      $ 1,471,075   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      12/17/12         47        11,682,579        11,712,400        29,821   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      03/18/13         27        6,710,471        6,728,063        17,592   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      06/17/13         67        16,645,458        16,693,050        47,592   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      09/16/13         86        21,366,937        21,424,750        57,813   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      12/16/13         56        13,909,154        13,947,500        38,346   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      03/17/14         5        1,241,576        1,245,062        3,486   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      06/16/14         5        1,242,292        1,244,562        2,270   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      09/14/15         229        56,733,765        56,809,175        75,410   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      12/14/15         229        56,647,690        56,737,613        89,923   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      03/14/16         229        56,562,312        56,666,050        103,738   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      06/13/16         229        56,466,809        56,583,038        116,229   

Euro OAT Futures

   Eurex Deutschland      12/06/12         58        9,939,579        9,983,680        44,101   

German Euro Buxl Futures

   Eurex Deutschland      12/06/12         1        168,234        171,143        2,909   

U.S. Treasury Note 2 Year Futures

   Chicago Board of Trade      12/31/12         2,240        493,607,736        493,990,000        382,264   

U.S. Treasury Note 5 Year Futures

   Chicago Board of Trade      12/31/12         3,296        409,921,520        410,789,751        868,231   

U.S. Treasury Bond 30 Year Futures

   Chicago Board of Trade      12/19/12         227        34,032,549        33,908,125        (124,424

Futures Contracts—Short

                                    

3 Year Australian T-Bond Futures

   Australian Stock Exchange      12/17/12         (1,285     (146,050,044     (147,306,761     (1,256,717

German Euro Bund Futures

   Eurex Deutschland      12/06/12         (480     (86,908,929     (87,447,120     (538,191

U.S. Treasury Note 10 Year Futures

   Chicago Board of Trade      12/19/12         (1,878     (250,278,415     (250,683,656     (405,241

U.S. Treasury Ultra Long Bond Futures

   Chicago Board of Trade      12/19/12         (1,100     (183,215,763     (181,740,625     1,475,138   
              

 

 

 

Net Unrealized Appreciation

  

  $ 2,501,365   
              

 

 

 

 

MSF-29


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Options Written   

Call Options Written

  Counterparty   Expiration
Date
    Contract/
Notional
Amount
    Premiums
Received
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

Eurodollar Midcurve 3 Year Futures @ 99.125

  JPMorgan Chase Bank     11/16/12        (2,667   $ (222,422   $ (550,069   $ (327,647

EUR Currency, Strike Price USD 1.291

  Bank of America N.A.     12/20/12        (33,170,000     (380,003     (642,154     (262,151

Put Options Written

 

EUR Currency, Strike Price USD 1.10

  Bank of America N.A.     12/20/12        (332,400     (210,136     (3,483     206,653   

Interest Rate Call Swaptions Written

 

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 1.000%

  Bank of America N.A.     07/10/14        (45,500     (452,725     (266,052     186,673   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 1.000%

  Bank of America N.A.     07/11/14        (80,000     (560,000     (468,944     91,056   

5 Year Right-to-Receive 3-Month LIBOR Floating Interest Rate Swap 1.000%

  Bank of America N.A.     07/14/14        (45,500,000     (318,500     (266,857     51,643   

5 Year Right-to-Receive 3-Month LIBOR Floating Interest Rate Swap 1.430%

  Deutsche Bank AG     07/28/14        (20,200,000     (388,850     (317,326     71,524   

10 Year Right-to-Receive 3-Month LIBOR Floating Interest Rate Swap 3.645%

  JPMorgan Chase Bank     03/27/17        (10,000,000     (715,200     (975,438     (260,238

Interest Rate Put Swaptions Written

 

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 2.000%

  Bank of America N.A.     07/10/14        (45,500,000     (452,725     (389,343     63,382   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 2.000%

  Bank of America N.A.     07/11/14        (80,000     (1,012,000     (686,712     325,288   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 2.000%

  Bank of America N.A.     07/14/14        (45,500,000     (546,000     (392,342     153,658   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 1.430%

  Deutsche Bank AG     07/28/14        (20,200,000     (388,850     (345,574     43,276   

10 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 6.000%

  Deutsche Bank AG     03/20/17        (43,800     (1,046,820     (474,814     572,006   

10 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 3.645%

  JPMorgan Chase Bank     03/27/17        (10,000     (716,675     (415,317     301,358   
       

 

 

   

 

 

   

 

 

 

Total Options Written

  

  $ (7,410,906   $ (6,194,425   $ 1,216,481   
       

 

 

   

 

 

   

 

 

 
Swap Agreements   
Credit Default Swaps on Credit Indices—Sell Protection (a)   

Reference Obligation

  Counterparty   Fixed Deal
Receive Rate
    Maturity
Date
    Implied Credit
Spread at
September 30,
2012 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Received
    Unrealized
Appreciation
 

Markit CDX North America High Yield Index, Series 17, Version 2

  Deutsche Bank AG     5.000     12/20/16        4.521   $ 6,480,000      $ 114,900      $ (497,700   $ 612,600   

Markit CDX North America High Yield Index, Series 17, Version 5

  Deutsche Bank AG     5.000     12/20/16        4.521     22,800,000        404,278        (2,036,166     2,440,444   

Markit CMBX North America A-Rated Index, Version 2

  Deutsche Bank AG     0.500     03/15/49        N/A        7,025,000        (681,132     (1,031,894     350,762   

Markit CMBX North America AAA-Rated Index, Version 3

  Morgan Stanley Capital     0.080     12/13/49        N/A        5,355,000        (319,403     (622,197     302,794   

Markit CMBX North America AAA-Rated Index, Version 4

  Morgan Stanley Capital     0.350     02/17/51        N/A        5,355,000        (335,803     (641,194     305,391   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ (817,160   $ (4,829,151   $ 4,011,991   
           

 

 

   

 

 

   

 

 

 

 

MSF-30


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Credit Default Swaps on Corporate Issuers—Sell Protection (a)   

Reference Obligation

  Counterparty   Fixed Deal
Receive Rate
    Maturity
Date
    Implied Credit
Spread at
September 30,
2012 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Received
    Unrealized
Apppreciation
 

Prudential Financial, Inc. (4.500%, 07/15/13)

  Bank of America N.A.     1.000     06/20/17        1.789   $ 8,900,000      $ (315,392   $ (426,407   $ 111,015   

Prudential Financial, Inc. (4.500%, 07/15/13)

  Deutsche Bank AG     1.000     06/20/17        1.789     8,900,000        (315,392     (422,442     107,050   

Prudential Financial, Inc. (4.500%, 07/15/13)

  JPMorgan Chase Bank     1.000     06/20/17        1.789     4,450,000        (157,696     (216,615     58,919   

Prudential Financial, Inc. (4.500%, 07/15/13)

  JPMorgan Chase Bank     1.000     06/20/17        1.789     22,250,000        (788,480     (936,964     148,484   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ (1,576,960   $ (2,002,428   $ 425,468   
           

 

 

   

 

 

   

 

 

 

 

Interest Rate Swaps   

Counterparty

  Floating Rate
Index
  Pay/Receive
Floating
Rate
  Fixed
Rate
    Maturity
Date
  Notional
Amount
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Bank of America N.A.

  6M EURIBOR   Pay     2.800   11/10/41     EUR 8,300,000      $ 1,100,560      $ 0      $ 1,100,560   

Deutsche Bank AG

  6M EURIBOR   Receive     2.783   11/10/41     EUR 8,300,000        (1,059,962     0        (1,059,962

Deutsche Bank AG

  3M LIBOR   Pay     1.196   08/30/18     USD 15,400,000        85,496        0        85,496   

Bank of America N.A.

  3M LIBOR   Pay     2.400   10/21/21     USD 1,600,000        116,158        0        116,158   

Morgan Stanley Capital Services

  3M LIBOR   Receive     1.090   05/09/17     USD 15,000,000        (273,066     0        (273,066

JPMorgan Chase Bank

  3M LIBOR   Receive     1.758   06/25/22     USD 18,000,000        (152,982     0        (152,982

Deutsche Bank AG

  3M LIBOR   Receive     2.522   09/04/42     USD 11,000,000        203,533        0        203,533   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ 19,737      $ 0      $ 19,737   
           

 

 

   

 

 

   

 

 

 

 

(a) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular credit default swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on an index, corporate issuers or sovereign issuers as of period end serve as some indication of the current status of the payment/performance risk and the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity or index reflects the cost of buying/selling protection and may reflect upfront payments required to be made to enter into the agreement. Wider credit spreads generally represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the particular swap agreement.
(c) The maximum potential amount of future undiscounted payments that the Portfolio could receive or be required to make under a credit default swap contract is generally the notional amount of the contract. These potential amounts may be partially offset or reduced by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.

 

MSF-31


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 2,417,075,140      $ —         $ 2,417,075,140   

Total Corporate Bonds & Notes*

     —          1,109,648,016        —           1,109,648,016   

Total Mortgage-Backed Securities*

     —          465,566,503        —           465,566,503   

Total Asset-Backed Securities*

     —          388,453,836        —           388,453,836   

Total Foreign Government*

     —          196,668,453        —           196,668,453   

Total Term Loans*

     —          —          7,250,000         7,250,000   

Total Municipal Bonds & Notes*

     —          6,189,929        —           6,189,929   
Options Purchased          

Call Options

     1,157,000        2,046,562        —           3,203,562   

Put Options

     —          2,068,055        —           2,068,055   

Total Options Purchased

     1,157,000        4,114,617        —           5,271,617   

Total Preferred Stock*

     4,223,791        —          —           4,223,791   
Short Term Investments          

Mutual Funds

     100,968,620        —          —           100,968,620   

Repurchase Agreement

     —          155,404,000        —           155,404,000   

Total Short Term Investments

     100,968,620        155,404,000        —           256,372,620   

Total Investments

   $ 106,349,411      $ 4,743,120,494      $ 7,250,000       $ 4,856,719,905   
                                   

Total TBA Sale Commitments

   $ —        $ (394,004,148   $ —         $ (394,004,148
                                   
Forward Contracts          

Forward Foreign Currency Contracts (Unrealized Appreciation)

   $ —        $ 1,082,049      $ —         $ 1,082,049   

Forward Foreign Currency Contracts (Unrealized Depreciation)

     —          (5,049,466     —           (5,049,466

Total Forward Contracts (Net Unrealized Depreciation)

     —          (3,967,417     —           (3,967,417
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

     4,825,938        —          —           4,825,938   

Futures Contracts (Unrealized Depreciation)

     (2,324,573     —          —           (2,324,573

Total Futures Contracts (Net Unrealized Appreciation)

     2,501,365        —          —           2,501,365   
Options Written          

Call Options Written

     (550,069     (2,936,771     —           (3,486,840

Put Options Written

     —          (2,707,585     —           (2,707,585

Total Options Written

     (550,069     (5,644,356     —           (6,194,425
Swap Agreements          

Swap Contracts at Value (Assets)

     —          2,024,925        —           2,024,925   

Swap Contracts at Value (Liabilities)

     —          (4,399,308     —           (4,399,308

Total Swap Agreements at Value

     —          (2,374,383     —           (2,374,383

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-32


Table of Contents

Metropolitan Series Fund

 

BlackRock Bond Income Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

      Term
Loans
     Total  

Balance as of December 31, 2011

   $ 0       $ 0   

Transfers Into level 3

     0         0   

Transfers Out of level 3

     0         0   

Accrued discounts/premiums

     0         0   

Realized Loss

     0         0   

Change in unrealized depreciation

     0         0   

Security Purchases

     7,250,000         7,250,000   

Security Sales

     0         0   

Balance as of September 30, 2012

   $ 7,250,000       $ 7,250,000   

 

MSF-33


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—59.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.6%

  

Raytheon Co.

    140,675      $ 8,040,983   
   

 

 

 

Airlines—0.8%

  

Delta Air Lines, Inc. (a)

    704,000        6,448,640   

United Continental Holdings, Inc. (a)

    215,598        4,204,161   
   

 

 

 
      10,652,801   
   

 

 

 

Automobiles—0.1%

  

Thor Industries, Inc. (b)

    22,175        805,396   
   

 

 

 

Beverages—1.2%

  

The Coca-Cola Co.

    391,700        14,857,181   
   

 

 

 

Capital Markets—1.1%

  

The Goldman Sachs Group, Inc.

    124,732        14,179,534   
   

 

 

 

Chemicals—0.7%

  

CF Industries Holdings, Inc.

    30,850        6,856,104   

PPG Industries, Inc.

    14,775        1,696,761   
   

 

 

 
      8,552,865   
   

 

 

 

Commercial Banks—1.3%

  

U.S. Bancorp

    449,775        15,427,282   

Wells Fargo & Co.

    39,500        1,363,935   
   

 

 

 
      16,791,217   
   

 

 

 

Computers & Peripherals—4.6%

  

Apple, Inc.

    61,250        40,869,675   

EMC Corp. (a)

    254,200        6,932,034   

Hewlett-Packard Co.

    217,550        3,711,403   

Western Digital Corp. (a)

    184,825        7,158,272   
   

 

 

 
      58,671,384   
   

 

 

 

Construction & Engineering—0.4%

  

KBR, Inc.

    185,478        5,530,954   
   

 

 

 

Consumer Finance—0.7%

  

Discover Financial Services

    234,475        9,315,692   
   

 

 

 

Containers & Packaging—1.2%

  

Packaging Corp. of America

    213,645        7,755,313   

Rock-Tenn Co.

    96,598        6,972,444   
   

 

 

 
      14,727,757   
   

 

 

 

Diversified Consumer Services—0.3%

  

Apollo Group, Inc. (Class A) (a) (b)

    136,700        3,971,135   
   

 

 

 

Diversified Financial Services—3.8%

  

Citigroup, Inc.

    643,700        21,061,864   

JPMorgan Chase & Co.

    578,683        23,425,088   

Moody’s Corp. (b)

    90,975        4,018,366   
   

 

 

 
      48,505,318   
   

 

 

 

Diversified Telecommunication Services—0.9%

  

Verizon Communications, Inc.

    236,900        10,795,533   
   

 

 

 

Energy Equipment & Services—0.7%

  

Oceaneering International, Inc.

    150,500        8,315,125   
   

 

 

 

Food & Staples Retailing—2.6%

  

CVS Caremark Corp.

    221,775      $ 10,738,345   

Wal-Mart Stores, Inc.

    301,300        22,235,940   
   

 

 

 
      32,974,285   
   

 

 

 

Health Care Equipment & Supplies—0.7%

  

Zimmer Holdings, Inc. (b)

    123,300        8,337,546   
   

 

 

 

Health Care Providers & Services—2.2%

  

HCA Holdings, Inc. (a) (b)

    148,225        4,928,481   

Humana, Inc.

    68,775        4,824,566   

McKesson Corp.

    93,400        8,035,202   

UnitedHealth Group, Inc.

    179,950        9,971,030   
   

 

 

 
      27,759,279   
   

 

 

 

Independent Power Producers & Energy Traders—0.2%

  

NRG Energy, Inc. (a) (b)

    134,700        2,881,233   
   

 

 

 

Industrial Conglomerates—2.2%

  

3M Co.

    160,400        14,824,168   

General Electric Co.

    195,450        4,438,670   

Tyco International, Ltd.

    153,075        8,611,999   
   

 

 

 
      27,874,837   
   

 

 

 

Insurance—2.7%

  

American Financial Group, Inc.

    44,775        1,696,972   

American International Group, Inc. (a)

    379,300        12,437,247   

Lincoln National Corp. (b)

    105,925        2,562,326   

The Chubb Corp.

    113,575        8,663,501   

The Travelers Cos., Inc.

    140,350        9,580,291   
   

 

 

 
      34,940,337   
   

 

 

 

Internet & Catalog Retail—0.7%

  

Expedia, Inc.

    157,735        9,123,392   
   

 

 

 

Internet Software & Services—2.2%

  

Google, Inc. (Class A) (a)

    37,650        28,406,925   
   

 

 

 

IT Services—2.6%

   

Alliance Data Systems Corp. (a) (b)

    40,100        5,692,195   

International Business Machines Corp.

    94,275        19,557,349   

The Western Union Co. (b)

    351,075        6,396,586   

Total System Services, Inc.

    72,275        1,712,918   
   

 

 

 
      33,359,048   
   

 

 

 

Life Sciences Tools & Services—0.7%

  

Agilent Technologies, Inc.

    223,800        8,605,110   
   

 

 

 

Machinery—1.0%

  

Cummins, Inc.

    46,850        4,320,038   

Ingersoll-Rand plc

    188,600        8,453,052   
   

 

 

 
      12,773,090   
   

 

 

 

Media—4.4%

  

Comcast Corp. (Class A)

    551,800        19,737,886   

DISH Network Corp. (a)

    195,300        5,978,133   

 

MSF-34


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Media—(Continued)

  

News Corp. (Class A) (b)

    701,375      $ 17,204,729   

Time Warner Cable, Inc.

    143,765        13,666,301   
   

 

 

 
      56,587,049   
   

 

 

 

Metals & Mining—0.3%

  

Alcoa, Inc.

    449,100        3,974,535   
   

 

 

 

Multiline Retail—0.4%

  

Nordstrom, Inc. (b)

    91,425        5,044,832   
   

 

 

 

Oil, Gas & Consumable Fuels—6.8%

  

Chevron Corp.

    176,175        20,534,958   

Exxon Mobil Corp.

    337,675        30,880,379   

Marathon Oil Corp.

    266,725        7,887,058   

Marathon Petroleum Corp.

    208,725        11,394,298   

Suncor Energy, Inc.

    469,840        15,434,244   
   

 

 

 
      86,130,937   
   

 

 

 

Paper & Forest Products—0.7%

  

International Paper Co.

    240,625        8,739,500   
   

 

 

 

Personal Products—0.3%

  

Herbalife, Ltd. (b)

    79,400        3,763,560   
   

 

 

 

Pharmaceuticals—6.4%

  

Abbott Laboratories

    193,575        13,271,502   

Eli Lilly & Co.

    140,375        6,655,179   

Express Scripts Holding Co. (a)

    230,675        14,456,402   

Forest Laboratories, Inc. (a)

    219,500        7,816,395   

Johnson & Johnson (b)

    33,750        2,325,713   

Merck & Co., Inc.

    351,975        15,874,072   

Pfizer, Inc.

    859,425        21,356,711   
   

 

 

 
      81,755,974   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.8%

  

KLA-Tencor Corp.

    206,525        9,852,275   
   

 

 

 

Software—1.9%

  

CA, Inc.

    199,375        5,136,897   

Microsoft Corp.

    651,775        19,409,859   
   

 

 

 
      24,546,756   
   

 

 

 

Specialty Retail—0.8%

  

PetSmart, Inc.

    87,650        6,046,097   

The Gap, Inc.

    126,110        4,512,216   
   

 

 

 
      10,558,313   
   

 

 

 

Tobacco—0.6%

  

Philip Morris International, Inc.

    83,775        7,534,724   
   

 

 

 

Total Common Stock
(Identified Cost $657,365,602)

      759,236,412   
   

 

 

 
U.S. Treasury & Government Agencies—26.1%   
Security Description   Par
Amount
    Value  

Agency Sponsored Mortgage-Backed—16.2%

  

Fannie Mae 15 Yr.

   

4.500%, TBA

  $ 1,900,000      $ 2,049,625   

Fannie Mae 15 Yr. Pool

   

3.500%, 01/01/27

    1,684,506        1,801,055   

3.500%, 02/01/27

    1,469,366        1,565,006   

3.500%, 04/01/27

    1,675,187        1,794,171   

3.500%, 06/01/27

    3,001,502        3,214,688   

4.000%, 02/01/25

    1,932,260        2,067,345   

4.000%, 09/01/25

    552,797        591,444   

4.000%, 10/01/25

    976,559        1,044,831   

4.000%, 01/01/26

    267,536        286,240   

4.000%, 07/01/26

    800,425        856,633   

4.000%, 08/01/26

    413,362        442,390   

4.500%, 02/01/25

    382,788        414,274   

4.500%, 04/01/25

    53,668        58,082   

4.500%, 07/01/25

    309,386        334,834   

4.500%, 06/01/26

    6,163,716        6,655,300   

Fannie Mae 30 Yr.

   

3.000%, TBA

    3,200,000        3,378,000   

4.000%, TBA

    600,000        646,406   

5.000%, TBA

    1,100,000        1,199,344   

5.500%, TBA

    11,600,000        12,711,062   

Fannie Mae 30 Yr. Pool

   

3.500%, 04/01/42

    380,675        411,027   

3.500%, 05/01/42

    4,571,255        4,935,731   

4.000%, 12/01/40

    508,950        549,041   

4.000%, 01/01/41

    557,946        601,897   

4.000%, 02/01/41

    546,869        589,947   

4.000%, 03/01/41

    1,491,698        1,609,540   

4.000%, 01/01/42

    181,903        196,288   

4.000%, 05/01/42

    4,100,000        4,434,809   

4.000%, 06/01/42

    4,051,028        4,400,520   

4.500%, 11/01/40

    5,035,524        5,467,759   

4.500%, 05/01/41

    18,274,687        19,843,333   

4.500%, 08/01/41

    5,368,690        5,829,523   

5.000%, 09/01/33

    693,427        762,074   

5.000%, 07/01/34

    2,514,882        2,759,135   

5.000%, 08/01/34

    566,784        622,895   

5.000%, 03/01/35

    1,088,069        1,194,691   

5.000%, 05/01/35

    98,445        107,871   

5.000%, 06/01/35

    664,667        730,420   

5.000%, 07/01/35

    1,033,076        1,135,268   

5.000%, 12/01/35

    422,224        464,022   

5.500%, 08/01/28

    35,432        39,210   

5.500%, 04/01/33

    236,118        262,031   

5.500%, 09/01/34

    1,235,553        1,364,196   

5.500%, 08/01/37

    1,480,123        1,642,557   

6.000%, 03/01/28

    15,961        17,961   

6.000%, 05/01/28

    33,947        38,336   

6.000%, 06/01/28

    2,753        3,109   

6.000%, 02/01/34

    846,902        958,531   

6.000%, 08/01/34

    476,368        539,157   

6.000%, 04/01/35

    3,870,055        4,380,159   

6.000%, 02/01/38

    577,682        643,534   

6.000%, 03/01/38

    168,579        189,482   

6.000%, 04/01/38

    105,720        117,012   

6.000%, 05/01/38

    495,439        556,871   

6.000%, 10/01/38

    746,300        827,365   

 

MSF-35


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.000%, 12/01/38

  $ 188,820      $ 208,987   

6.000%, 09/01/39

    316,807        350,645   

6.000%, 04/01/40

    1,425,400        1,577,644   

6.000%, 09/01/40

    1,621,596        1,794,796   

6.000%, 10/01/40

    130,283        144,198   

6.500%, 05/01/40

    4,333,542        4,938,085   

Fannie Mae ARM Pool

   

3.046%, 03/01/41 (c)

    411,356        431,688   

3.144%, 03/01/41 (c)

    559,894        586,692   

3.308%, 12/01/40 (c)

    778,636        825,714   

3.326%, 06/01/41 (c)

    856,658        907,710   

3.482%, 09/01/41 (c)

    619,970        656,456   

Fannie Mae REMICS
4.000%, 08/25/19

    1,232,577        1,298,693   

FHLMC Multifamily Structured Pass-Through Certificates
1.560%, 12/25/18 (c) (d)

    3,267,079        265,016   

1.891%, 03/25/22 (c) (d)

    1,533,953        188,504   

1.916%, 05/25/19 (c) (d)

    2,548,553        249,111   

2.873%, 12/25/21

    2,545,000        2,719,844   

3.974%, 01/25/21 (c)

    1,400,000        1,616,779   

Freddie Mac 30 Yr.
3.500%, TBA

    11,415,000        12,239,020   

4.000%, TBA

    5,700,000        6,118,594   

4.500%, TBA

    18,200,000        19,567,845   

Freddie Mac 30 Yr. Gold Pool
5.000%, 03/01/38 (f)

    4,987,343        5,419,171   

5.500%, 07/01/33

    698,788        768,510   

Freddie Mac ARM Non-Gold Pool

   

3.061%, 02/01/41 (c)

    734,113        770,678   

Freddie Mac Multi-Family Mortgage
Trust (144A)

   

3.740%, 04/25/45 (c)

    500,000        467,243   

4.162%, 11/25/44 (c)

    215,000        205,989   

Ginnie Mae 30 Yr.

   

4.000%, TBA

    500,000        551,250   

4.500%, TBA

    2,100,000        2,305,078   

5.000%, TBA

    9,400,000        10,363,500   

Ginnie Mae I 15 Yr. Pool

   

6.500%, 07/15/14

    3,276        3,446   

7.500%, 12/15/14

    71,178        73,626   

Ginnie Mae I 30 Yr. Pool

   

4.000%, 09/15/40

    691,060        763,667   

4.000%, 03/15/41

    1,141,520        1,261,455   

4.000%, 08/15/41

    199,710        220,693   

4.000%, 10/15/41

    291,082        321,665   

4.000%, 03/15/42

    99,864        110,232   

4.000%, 07/15/42

    1,298,186        1,433,210   

4.000%, 08/15/42

    99,863        110,230   

9.000%, 11/15/19

    7,987        8,023   

Ginnie Mae II 30 Yr. Pool

   

4.500%, 05/20/40

    5,309,159        5,894,696   

4.500%, 07/20/40

    1,207,909        1,341,127   

4.500%, 03/20/41

    1,230,950        1,366,245   

4.500%, 02/15/42

    6,283,159        6,940,506   
   

 

 

 
      206,722,293   
   

 

 

 

Federal Agencies—0.7%

  

Farmer Mac Guaranteed Notes Trust
2007-1 (144A)
5.125%, 04/19/17

  $ 400,000      $ 475,784   

Federal Home Loan Bank
5.500%, 07/15/36

    360,000        498,779   

Federal Home Loan Bank of Chicago
5.625%, 06/13/16

    1,640,000        1,917,668   

Federal National Mortgage Association Zero Coupon, 10/09/19

    1,615,000        1,420,680   

5.125%, 01/02/14

    1,205,000        1,277,693   

Tennessee Valley Authority
5.250%, 09/15/39

    2,390,000        3,168,237   

5.980%, 04/01/36

    430,000        604,506   
   

 

 

 
      9,363,347   
   

 

 

 

U.S. Treasury—9.2%

  

U.S. Treasury Bonds
2.750%, 08/15/42 (h)

    35,658,000        35,067,432   

3.000%, 05/15/42

    120,000        124,425   

3.125%, 02/15/42

    1,010,700        1,075,132   

U.S. Treasury Inflation Protected Bonds (TIPS)
0.750%, 02/15/42

    1,211,694        1,316,486   

2.125%, 02/15/41

    1,302,569        1,913,453   

U.S. Treasury Notes
0.125%, 09/30/13 (g)

    9,725,000        9,718,543   

0.250%, 08/31/14

    710,000        710,139   

0.250%, 09/30/14

    685,000        685,160   

0.250%, 09/15/15

    12,645,000        12,623,263   

0.625%, 08/31/17 (h)

    29,557,800        29,576,274   

0.625%, 09/30/17

    8,275,000        8,273,709   

1.000%, 08/31/19

    2,950,000        2,942,625   

1.625%, 08/15/22 (h)

    12,811,300        12,797,284   
   

 

 

 
      116,823,925   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Identified Cost $327,839,500)

      332,909,565   
   

 

 

 
Corporate Bonds & Notes—12.0%   

Aerospace & Defense—0.0%

  

Sequa Corp. (144A)
11.750%, 12/01/15

    370,000        388,500   
   

 

 

 

Auto Components—0.0%

  

BorgWarner, Inc.
4.625%, 09/15/20

    335,000        372,319   
   

 

 

 

Beverages—0.2%

  

Anheuser-Busch InBev Worldwide, Inc.
2.500%, 07/15/22

    410,000        415,807   

3.750%, 07/15/42

    442,000        443,088   

Pernod-Ricard S.A. (144A)
4.450%, 01/15/22

    560,000        617,374   

5.500%, 01/15/42

    330,000        376,564   

5.750%, 04/07/21

    150,000        178,461   
   

 

 

 
      2,031,294   
   

 

 

 

 

MSF-36


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Capital Markets—0.4%

  

Credit Suisse AG
5.400%, 01/14/20

  $ 92,000      $ 100,553   

Lehman Brothers Holdings Capital Trust VII
5.857%, 11/29/49 (e)

    325,000        33   

Lehman Brothers Holdings, Inc.
6.500%, 07/19/17 (e)

    1,770,000        177   

6.750%, 12/28/17 (e)

    2,505,000        250   

State Street Capital Trust IV
1.389%, 06/01/77 (c)

    90,000        66,669   

The Goldman Sachs Group, Inc.
5.750%, 01/24/22

    4,392,000        5,059,039   
   

 

 

 
      5,226,721   
   

 

 

 

Commercial Banks—1.0%

  

ABN Amro Bank NV
6.375%, 04/27/21 (EUR) (b)

    115,000        153,493   

Caisse Centrale Desjardins du Quebec (144A)
2.550%, 03/24/16

    1,920,000        2,041,536   

Canadian Imperial Bank of Commerce (144A)
2.600%, 07/02/15

    680,000        718,828   

Commerzbank AG
6.375%, 03/22/19 (EUR) (b)

    300,000        358,092   

Discover Bank
8.700%, 11/18/19

    800,000        1,032,949   

Fifth Third Capital Trust IV
6.500%, 04/15/67 (c)

    695,000        696,738   

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

    1,900,000        1,954,625   

HSBC Bank plc (144A)
3.100%, 05/24/16

    1,035,000        1,090,670   

JPMorgan Chase Bank N.A.
6.000%, 07/05/17

    1,720,000        2,016,743   

6.000%, 10/01/17

    510,000        603,521   

Kreditanstalt fuer Wiederaufbau
1.375%, 07/15/13

    845,000        851,675   

Landsbanki Islands Hf (144A)
6.100%, 12/31/49 (e)

    320,000        18,800   

Sparebank 1 Boligkreditt AS (144A)
2.300%, 06/30/18

    1,060,000        1,106,322   
   

 

 

 
      12,643,992   
   

 

 

 

Consumer Finance—0.2%

  

Capital One Capital VI
8.875%, 05/15/40

    960,000        976,092   

Ford Motor Credit Co., LLC
6.625%, 08/15/17

    390,000        452,367   

SLM Corp.
6.250%, 01/25/16

    896,000        972,160   
   

 

 

 
      2,400,619   
   

 

 

 

Containers & Packaging—0.1%

  

Reynolds Group Issuer, Inc.
6.875%, 02/15/21 (c)

    625,000        659,375   

Reynolds Group Issuer, Inc. (144A)
7.875%, 08/15/19

    715,000        772,200   

Containers & Packaging—(Continued)

  

Rock-Tenn Co. (144A)
4.000%, 03/01/23

  $ 420,000      $ 426,787   
   

 

 

 
      1,858,362   
   

 

 

 

Diversified Financial Services—2.1%

  

Bank of America Corp.
3.875%, 03/22/17

    720,000        774,819   

5.650%, 05/01/18

    675,000        769,619   

5.700%, 01/24/22

    2,935,000        3,447,336   

6.500%, 08/01/16

    405,000        468,387   

7.625%, 06/01/19

    425,000        530,711   

BP Capital Markets plc
3.125%, 10/01/15

    450,000        480,509   

3.875%, 03/10/15

    240,000        257,962   

Citigroup, Inc.
4.450%, 01/10/17

    280,000        307,546   

4.587%, 12/15/15

    2,915,000        3,162,854   

Eksportfinans ASA
5.500%, 05/25/16 (b)

    530,000        540,600   

General Electric Capital Corp.
2.125%, 12/21/12

    1,020,000        1,024,377   

JPMorgan Chase & Co.
3.150%, 07/05/16

    1,477,000        1,562,207   

3.250%, 09/23/22

    1,667,000        1,690,161   

4.500%, 01/24/22

    695,000        770,929   

Level 3 Financing, Inc.
8.125%, 07/01/19

    581,000        617,312   

Petrobras International Finance Co.
3.875%, 01/27/16

    1,835,000        1,941,081   

5.750%, 01/20/20

    1,855,000        2,114,325   

Sprint Capital Corp.
6.875%, 11/15/28

    240,000        220,800   

Swiss Re Capital I L.P. (144A)
6.854%, 05/29/49 (c)

    740,000        752,950   

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

    290,000        314,364   

Teva Pharmaceutical Finance II BV
3.000%, 06/15/15

    720,000        765,248   

Teva Pharmaceutical Finance IV BV
3.650%, 11/10/21

    700,000        758,810   

Tiers Trust (144A)
2.189%, 05/12/14 (c)

    2,838,000        2,838,000   

Virgin Media Secured Finance plc
6.500%, 01/15/18

    690,000        755,550   
   

 

 

 
      26,866,457   
   

 

 

 

Diversified Telecommunication Services—0.3%

  

CCH II, LLC
13.500%, 11/30/16

    1,325,000        1,437,625   

Intelsat Jackson Holdings S.A.
7.250%, 04/01/19 (b)

    611,000        659,880   

Verizon Communications, Inc.
3.500%, 11/01/21 (b)

    710,000        783,292   

6.100%, 04/15/18

    474,000        592,447   

6.400%, 02/15/38

    580,000        781,701   
   

 

 

 
      4,254,945   
   

 

 

 

 

MSF-37


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Electric Utilities—0.7%

   

Alabama Power Co.
3.950%, 06/01/21

  $ 680,000      $ 768,380   

Duke Energy Carolinas, LLC
4.250%, 12/15/41

    515,000        542,895   

Energy Future Intermediate Co., LLC
10.000%, 12/01/20

    2,590,000        2,913,750   

Exelon Generation Co., LLC (144A)
4.250%, 06/15/22

    273,000        288,854   

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

    525,000        716,376   

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

    1,095,000        1,174,316   

Jersey Central Power & Light Co.
7.350%, 02/01/19 (b)

    330,000        423,408   

Southern California Edison Co.
5.950%, 02/01/38

    475,000        638,629   

The Cleveland Electric Illuminating Co.
5.950%, 12/15/36

    328,000        380,791   

8.875%, 11/15/18

    181,000        244,691   

Trans-Allegheny Interstate Line Co. (144A)
4.000%, 01/15/15

    345,000        361,438   
   

 

 

 
      8,453,528   
   

 

 

 

Energy Equipment & Services—0.4%

  

Ensco plc
3.250%, 03/15/16

    230,000        245,388   

Transocean, Inc.
2.500%, 10/15/17

    660,000        663,658   

3.800%, 10/15/22

    814,000        818,214   

5.050%, 12/15/16

    1,200,000        1,340,948   

6.000%, 03/15/18

    1,540,000        1,798,306   
   

 

 

 
      4,866,514   
   

 

 

 

Food Products—0.3%

  

Kraft Foods Group, Inc. (144A)
3.500%, 06/06/22

    1,203,000        1,271,079   

5.000%, 06/04/42

    527,000        587,909   

Kraft Foods, Inc.
6.500%, 08/11/17

    960,000        1,180,306   

6.500%, 02/09/40

    454,000        614,957   
   

 

 

 
      3,654,251   
   

 

 

 

Health Care Equipment & Supplies—0.2%

  

Boston Scientific Corp.
6.250%, 11/15/15 (c)

    1,774,000        2,011,718   
   

 

 

 

Health Care Providers & Services—0.2%

  

Coventry Health Care, Inc.
5.450%, 06/15/21

    453,000        530,334   

HCA, Inc.
7.250%, 09/15/20

    520,000        582,400   

Tenet Healthcare Corp.
6.250%, 11/01/18 (b)

    690,000        760,725   

8.875%, 07/01/19

    225,000        254,250   

UnitedHealth Group, Inc.
3.375%, 11/15/21

    230,000        245,218   

Health Care Providers & Services—(Continued)

  

WellPoint, Inc.
3.300%, 01/15/23

  $ 95,000      $ 96,086   
   

 

 

 
      2,469,013   
   

 

 

 

Hotels, Restaurants & Leisure—0.1%

  

Wyndham Worldwide Corp.
4.250%, 03/01/22

    900,000        924,985   
   

 

 

 

Insurance—0.9%

  

Allianz Finance II BV
5.750%, 07/08/41 (EUR) (c)

    800,000        1,039,235   

American International Group, Inc.
4.875%, 06/01/22

    1,291,000        1,454,901   

5.450%, 05/18/17

    505,000        575,783   

8.175%, 05/15/68 (c)

    260,000        318,175   

AXA S.A.
5.250%, 04/16/40 (EUR) (c)

    550,000        647,069   

ING Verzekeringen NV
2.507%, 06/21/21 (EUR) (c)

    110,000        135,701   

Lincoln National Corp.
7.000%, 06/15/40

    450,000        560,705   

Manulife Financial Corp.
3.400%, 09/17/15

    1,570,000        1,643,922   

Muenchener Rueckversicherungs AG
6.000%, 05/26/41 (EUR) (c)

    500,000        694,210   

Prudential Financial, Inc.
4.750%, 09/17/15

    1,870,000        2,059,435   

5.375%, 06/21/20

    770,000        890,111   

5.875%, 09/15/42

    881,000        903,025   

XL Group plc
6.500%, 12/29/49 (b) (c)

    501,000        460,920   

ZFS Finance USA Trust V (144A)
6.500%, 05/09/67 (c)

    500,000        528,750   
   

 

 

 
      11,911,942   
   

 

 

 

IT Services—0.0%

   

First Data Corp. (144A)
7.375%, 06/15/19

    280,000        288,750   

8.250%, 01/15/21

    105,000        104,738   
   

 

 

 
      393,488   
   

 

 

 

Life Sciences Tools & Services—0.1%

  

 

Life Technologies Corp.
6.000%, 03/01/20

    650,000        773,133   
   

 

 

 

Media—1.1%

   

CBS Corp.
4.625%, 05/15/18

    215,000        244,691   

5.750%, 04/15/20

    340,000        408,794   

8.875%, 05/15/19

    380,000        509,350   

Clear Channel Worldwide Holdings, Inc.
9.250%, 12/15/17

    1,207,000        1,299,138   

Comcast Corp.
4.650%, 07/15/42

    947,000        1,012,920   

5.875%, 02/15/18

    205,000        249,398   

COX Communications, Inc. (144A)
8.375%, 03/01/39

    1,510,000        2,299,041   

 

MSF-38


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Media—(Continued)

   

DIRECTV Holdings, LLC
5.150%, 03/15/42

  $ 280,000      $ 284,865   

6.375%, 03/01/41

    320,000        374,620   

NBCUniversal Media, LLC
2.875%, 01/15/23

    395,000        394,277   

4.375%, 04/01/21

    1,090,000        1,235,990   

5.150%, 04/30/20

    946,000        1,121,089   

QVC, Inc. (144A)
7.500%, 10/01/19

    590,000        652,839   

TCI Communications, Inc.
7.875%, 02/15/26

    1,159,000        1,669,088   

Time Warner Cable, Inc.
4.500%, 09/15/42

    1,492,000        1,487,937   

5.500%, 09/01/41 (c)

    445,000        503,556   

Time Warner, Inc.
4.700%, 01/15/21

    270,000        310,112   
   

 

 

 
      14,057,705   
   

 

 

 

Metals & Mining—0.1%

   

Novelis, Inc.
8.750%, 12/15/20

    1,095,000        1,212,712   
   

 

 

 

Multi-Utilities—0.3%

   

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

    880,000        909,522   

MidAmerican Energy Holdings Co.
5.950%, 05/15/37

    1,125,000        1,409,926   

6.500%, 09/15/37

    725,000        970,843   
   

 

 

 
      3,290,291   
   

 

 

 

Multiline Retail—0.2%

   

Macy’s Retail Holdings, Inc.
5.900%, 12/01/16

    1,170,000        1,365,960   

7.450%, 07/15/17

    1,171,000        1,447,898   
   

 

 

 
      2,813,858   
   

 

 

 

Oil, Gas & Consumable Fuels—1.5%

  

 

Anadarko Petroleum Corp.
5.950%, 09/15/16

    1,773,000        2,054,372   

6.375%, 09/15/17

    1,341,000        1,616,734   

Consol Energy, Inc.
8.250%, 04/01/20

    273,000        285,967   

El Paso Pipeline Partners Operating Co., LLC
6.500%, 04/01/20

    1,070,000        1,269,380   

Energy Transfer Partners, L.P.
6.500%, 02/01/42

    1,185,000        1,367,407   

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

    1,725,000        2,098,150   

EOG Resources, Inc.
2.625%, 03/15/23

    715,000        722,706   

Kinder Morgan Energy Partners, L.P.
5.950%, 02/15/18

    775,000        932,998   

Laredo Petroleum, Inc.
7.375%, 05/01/22

    440,000        475,200   

Linn Energy, LLC (144A)
6.250%, 11/01/19

    910,000        905,450   

Oil, Gas & Consumable Fuels—(Continued)

  

 

MEG Energy Corp. (144A)
6.375%, 01/30/23

  $ 235,000      $ 250,863   

6.500%, 03/15/21

    1,360,000        1,455,200   

Peabody Energy Corp. (144A)
6.250%, 11/15/21 (b)

    610,000        606,950   

Plains All American Pipeline, L.P.
8.750%, 05/01/19

    130,000        174,805   

Pride International, Inc.
6.875%, 08/15/20

    320,000        405,096   

Range Resources Corp.
5.750%, 06/01/21

    155,000        166,625   

7.250%, 05/01/18

    1,705,000        1,803,037   

Valero Energy Corp.
6.625%, 06/15/37

    305,000        368,124   

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

    440,000        458,753   

5.375%, 06/01/21

    878,000        997,935   

Williams Cos., Inc.
7.875%, 09/01/21

    200,000        262,227   
   

 

 

 
      18,677,979   
   

 

 

 

Paper & Forest Products—0.2%

  

 

International Paper Co.
4.750%, 02/15/22

    850,000        965,194   

6.000%, 11/15/41

    915,000        1,114,960   
   

 

 

 
      2,080,154   
   

 

 

 

Real Estate Investment Trusts—0.1%

  

 

Ventas Realty, L.P.
4.750%, 06/01/21

    415,000        456,098   

Vornado Realty L.P.
5.000%, 01/15/22

    1,165,000        1,289,093   
   

 

 

 
      1,745,191   
   

 

 

 

Real Estate Management & Development—0.1%

  

 

Realogy Corp. (144A)
7.875%, 02/15/19 (b)

    847,000        889,350   
   

 

 

 

Road & Rail—0.0%

   

Burlington Northern Santa Fe, LLC
3.050%, 09/01/22

    170,000        175,953   

4.375%, 09/01/42

    348,000        368,189   
   

 

 

 
      544,142   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

 

Northern Rock Asset Management plc (144A)
5.625%, 06/22/17

    440,000        494,428   
   

 

 

 

Trading Companies & Distributors—0.1%

  

 

UR Financing Escrow Corp. (144A)
7.625%, 04/15/22

    1,097,800        1,202,091   
   

 

 

 

Wireless Telecommunication Services—0.6%

  

 

America Movil SAB de C.V.
2.375%, 09/08/16

    1,140,000        1,186,272   

3.125%, 07/16/22

    490,000        504,936   

4.375%, 07/16/42

    411,000        426,274   

 

MSF-39


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Wireless Telecommunication Services—(Continued)

  

 

Cricket Communications, Inc.
7.750%, 05/15/16

  $ 621,000      $ 655,155   

Crown Castle Towers, LLC (144A)
6.113%, 01/15/40

    2,265,000        2,727,930   

MetroPCS Wireless, Inc.
7.875%, 09/01/18 (b)

    42,000        45,360   

SBA Tower Trust (144A)
5.101%, 04/15/42

    560,000        624,052   

Sprint Nextel Corp. (144A)
9.000%, 11/15/18

    1,470,000        1,764,000   
   

 

 

 
      7,933,979   
   

 

 

 

Yankee—0.5%

  

 

Hydro-Quebec
8.050%, 07/07/24 (c)

    2,850,000        4,221,796   

8.400%, 01/15/22

    1,010,000        1,456,435   

Nexen, Inc.
6.400%, 05/15/37

    280,000        355,434   

7.500%, 07/30/39

    555,000        790,930   
   

 

 

 
      6,824,595   
   

 

 

 

Total Corporate Bonds & Notes
(Identified Cost $147,403,610)

      153,268,256   
   

 

 

 
Mortgage-Backed Securities—5.0%   

Collateralized-Mortgage Obligation—0.8%

  

Countrywide Alternative Loan Trust
5.500%, 11/25/35

    2,256,605        1,921,718   

5.500%, 04/25/37

    1,043,032        766,635   

6.500%, 09/25/37

    2,046,818        1,543,560   

Countrywide Home Loan Mortgage Pass-Through Trust
0.557%, 02/25/35 (c)

    345,710        294,999   

3.576%, 04/25/46 (c)

    604,123        387,178   

Credit Suisse Mortgage Capital
Certificates (144A)
4.741%, 08/27/46 (c)

    1,206,537        1,056,260   

5.092%, 05/27/36 (c)

    1,177,095        1,123,965   

Deutsche Mortgage Securities, Inc. (144A)
5.243%, 06/26/35 (c)

    280,000        275,035   

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

    1,184,593        1,100,276   

Indymac INDA Mortgage Loan Trust
5.418%, 09/25/36 (c)

    668,838        571,443   

Indymac Index Mortgage Loan Trust
0.837%, 06/25/34 (c)

    57,616        50,828   

3.171%, 10/25/35 (c)

    202,453        175,893   

JPMorgan Mortgage Trust
5.500%, 03/25/22

    127,996        127,309   

6.500%, 08/25/36

    316,338        292,898   

MASTR Adjustable Rate Mortgages Trust
2.406%, 09/25/33 (c)

    266,784        264,707   

MASTR Reperforming Loan Trust (144A)
5.190%, 05/25/36 (c)

    330,898        308,596   

WaMu Mortgage Pass-Through Certificates
5.174%, 08/25/36 (c)

    250,580        228,064   
   

 

 

 
      10,489,364   
   

 

 

 

Commercial Mortgage-Backed Securities—4.2%

  

Banc of America Commercial Mortgage, Inc.
5.247%, 11/10/42 (c)

  $ 3,630,000      $ 3,708,078   

Banc of America Large Loan, Inc. (144A)
1.971%, 11/15/15 (c)

    2,068,873        2,066,500   

Banc of America Merrill Lynch Commercial Mortgage, Inc.
5.482%, 01/15/49 (c)

    80,000        82,455   

5.893%, 06/10/49 (c)

    590,000        625,217   

Bayview Commercial Asset Trust (144A)
0.447%, 07/25/36 (c)

    476,410        352,544   

0.487%, 04/25/36 (c)

    118,802        117,736   

Bear Stearns Commercial Mortgage Securities
5.405%, 12/11/40 (c)

    600,000        675,826   

5.449%, 12/11/40 (c)

    170,000        181,006   

Citigroup Commercial Mortgage Trust
6.262%, 12/10/49 (c)

    440,000        481,498   

Commercial Mortgage Pass-Through Certificates
2.446%, 05/15/45 (c)

    6,712,250        926,613   

5.347%, 12/10/46

    665,000        710,935   

Commercial Mortgage Pass-Through Certificates (144A)
3.400%, 10/05/30

    1,310,000        1,355,850   

Credit Suisse First Boston Mortgage Securities Corp.
3.936%, 05/15/38 (c)

    3,410,109        3,447,978   

Credit Suisse Mortgage Capital Certificates
5.311%, 12/15/39

    4,000,000        4,549,908   

5.467%, 09/15/39

    370,000        417,437   

CW Capital Cobalt, Ltd.
5.223%, 08/15/48

    790,000        887,127   

DBRR Trust
5.940%, 06/17/49 (c)

    510,000        591,156   

DBRR Trust (144A)
0.946%, 09/25/45

    2,250,000        2,254,043   

Extended Stay America Trust (144A)
4.221%, 11/05/27

    655,000        658,880   

4.860%, 11/05/27 (c)

    265,000        267,377   

5.498%, 11/05/27 (c)

    440,000        443,509   

GE Capital Commercial Mortgage Corp.
4.578%, 06/10/48

    2,720,344        2,760,053   

Greenwich Capital Commercial Funding Corp.
5.736%, 12/10/49

    280,000        326,608   

6.065%, 07/10/38 (c)

    410,000        364,309   

GS Mortgage Securities Corp. II
5.591%, 11/10/39

    230,000        252,292   

5.622%, 11/10/39

    530,000        449,844   

5.983%, 08/10/45 (c)

    140,557        160,967   

GS Mortgage Securities Corp. II (144A)
2.933%, 06/05/31

    570,000        599,456   

3.551%, 04/10/34

    1,480,000        1,598,554   

3.633%, 06/05/31

    260,000        266,249   

JPMorgan Chase Commercial Mortgage Securities Corp.
2.234%, 06/16/45 (c)

    3,148,790        367,344   

3.483%, 06/16/45 (c)

    290,000        315,509   

5.115%, 07/15/41

    1,190,000        1,265,529   

5.447%, 06/12/47

    673,921        716,245   

5.637%, 12/12/44 (c)

    650,000        677,266   

 

MSF-40


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mortgage-Backed Securities—(Continued)

 

Security Description   Par
Amount
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

JPMorgan Chase Commercial Mortgage Securities Corp.
6.086%, 02/12/51 (c)

  $ 1,055,012      $ 1,173,369   

6.125%, 02/12/51 (c)

    779,990        848,229   

JPMorgan Chase Commercial Mortgage Securities Corp. (144A)
4.674%, 07/05/32 (c)

    500,000        508,076   

5.951%, 06/15/43

    1,150,000        1,415,011   

LB-UBS Commercial Mortgage Trust
5.455%, 02/15/40

    420,000        451,437   

5.858%, 07/15/40 (c)

    1,045,000        1,235,162   

5.866%, 09/15/45 (c)

    570,000        678,956   

Merrill Lynch Mortgage Trust
4.864%, 08/12/39 (c)

    750,000        801,316   

Merrill Lynch/Countrywide Commercial Mortgage Trust
5.700%, 09/12/49

    1,630,000        1,849,820   

Morgan Stanley 2007-XLC 1, Ltd.
0.556%, 07/17/17 (c)

    619,337        618,618   

Morgan Stanley Bank of America Merrill Lynch Trust (144A)
3.277%, 10/15/22

    420,000        430,465   

Morgan Stanley Capital I (144A)
2.887%, 03/15/45 (c)

    5,890,930        859,616   

6.340%, 07/15/30

    680,000        713,338   

Morgan Stanley Reremic Trust (144A)
Zero Coupon, 07/17/56

    940,000        829,550   

2.000%, 07/27/49

    908,507        916,456   

2.500%, 03/23/51

    926,020        933,544   

RBSCF Trust (144A)
6.122%, 02/16/51 (c)

    2,450,000        2,885,772   

S2 Hospitality, LLC (144A)
4.500%, 04/15/25

    674,335        678,158   

Wells Fargo Reremic Trust (144A)
1.750%, 08/20/21

    960,844        957,270   
   

 

 

 
      53,706,061   
   

 

 

 

Total Mortgage-Backed Securities
(Identified Cost $60,740,403)

      64,195,425   
   

 

 

 
Asset-Backed Securities—3.8%   

Asset Backed - Automobile—1.9%

  

AmeriCredit Automobile Receivables Trust
1.310%, 11/08/17

    265,000        265,015   

1.930%, 08/08/18

    415,000        415,433   

2.420%, 05/08/18

    440,000        447,610   

2.640%, 10/10/17

    430,000        440,221   

2.680%, 10/09/18

    155,000        155,275   

3.030%, 07/09/18

    290,000        294,194   

3.380%, 04/09/18

    600,000        615,767   

3.440%, 10/08/17 (c)

    565,000        589,764   

CarMax Auto Owner Trust
1.760%, 08/15/17

    270,000        272,919   

2.200%, 10/16/17

    165,000        167,507   

3.090%, 08/15/18

    205,000        207,116   

Chesapeake Funding, LLC (144A)
1.828%, 11/07/23 (c)

    390,000        391,006   

2.228%, 11/07/23 (c)

    255,000        255,654   

Asset Backed - Automobile—(Continued)

  

Credit Acceptance Auto Loan Trust (144A)
2.060%, 04/16/18

  $ 685,000      $ 685,133   

DT Auto Owner Trust (144A)
2.260%, 10/16/17 (c)

    480,000        481,066   

3.380%, 10/16/17 (c)

    280,000        280,903   

4.030%, 02/15/17

    355,000        360,258   

4.350%, 03/15/19 (c)

    270,000        270,800   

4.940%, 07/16/18

    565,000        573,592   

Ford Credit Floorplan Master Owner Trust
1.390%, 09/15/16

    305,000        304,971   

1.721%, 01/15/16 (c)

    620,000        622,425   

2.090%, 09/15/16

    535,000        535,002   

2.321%, 01/15/16 (c)

    580,000        583,770   

2.860%, 01/15/19 (c)

    139,000        142,615   

3.500%, 01/15/19 (c)

    265,000        269,629   

Hyundai Auto Receivables Trust

   

2.610%, 05/15/18

    360,000        365,045   

Santander Consumer Acquired Receivables Trust (144A)
1.660%, 08/15/16

    68,594        68,800   

2.010%, 08/15/16

    499,790        502,342   

3.190%, 10/15/15

    785,000        808,190   

Santander Drive Auto Receivables Trust
1.560%, 08/15/18

    730,000        731,905   

1.940%, 12/15/16 (c)

    1,115,000        1,119,977   

2.700%, 08/15/18

    350,000        355,323   

2.720%, 05/16/16 (c)

    330,000        336,205   

2.940%, 12/15/17 (c)

    520,000        531,334   

3.010%, 04/16/18 (c)

    1,520,000        1,541,330   

3.200%, 02/15/18 (c)

    1,175,000        1,197,670   

3.300%, 09/17/18

    300,000        308,352   

3.640%, 05/15/18 (c)

    1,250,000        1,274,761   

3.780%, 11/15/17 (c)

    445,000        466,627   

3.870%, 02/15/18 (c)

    735,000        756,516   

3.890%, 07/17/17

    1,265,000        1,313,661   

4.010%, 02/15/17

    1,200,000        1,226,296   

4.180%, 06/15/18 (c)

    700,000        711,820   

Santander Drive Auto Receivables Trust (144A)
1.480%, 05/15/17

    347,199        348,165   
   

 

 

 
      23,591,964   
   

 

 

 

Asset Backed - Credit Card—0.1%

   

World Financial Network Credit Card Master Trust
2.230%, 08/15/22

    1,270,000        1,276,849   
   

 

 

 

Asset Backed - Home Equity—0.0%

   

Home Equity Asset Trust
0.327%, 07/25/37 (c)

    111,610        110,146   

Morgan Stanley Home Equity Loan Trust
0.537%, 09/25/35 (c)

    363,189        327,700   

Residential Asset Securities Corp.
6.349%, 03/25/32

    112,160        103,134   

Structured Asset Securities Corp.
0.467%, 11/25/37 (c)

    77,105        73,639   
   

 

 

 
      614,619   
   

 

 

 

 

MSF-41


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Asset-Backed Securities—(Continued)

 

Security Description   Par
Amount
    Value  

Asset Backed - Other—1.0%

  

321 Henderson Receivables I, LLC (144A)
3.820%, 12/15/48

  $ 943,313      $ 985,609   

4.070%, 01/15/48

    408,831        428,508   

5.560%, 07/15/59

    1,557,820        1,750,709   

AH Mortgage Advance Trust (144A)
2.230%, 05/10/43 (c)

    495,000        496,881   

2.980%, 03/13/43 (c)

    815,000        820,336   

Capital Trust Re CDO, Ltd. (144A)
0.529%, 10/20/43 (c)

    841,418        736,384   

Chase Funding Mortgage Loan Asset-Backed Certificates
5.833%, 04/25/32 (c)

    201,073        206,320   

Countrywide Asset-Backed Certificates
0.887%, 07/25/34 (c)

    212,542        144,779   

5.071%, 04/25/35 (c)

    546,757        202,050   

Countrywide Asset-Backed Certificates (144A)
0.972%, 03/25/47 (c)

    437,905        209,238   

Finance America Mortgage Loan Trust
1.267%, 09/25/33 (c)

    166,630        146,596   

Ford Credit Floorplan Master Owner Trust
2.370%, 09/15/15

    530,000        531,509   

2.860%, 09/15/15

    365,000        366,019   

Ford Credit Floorplan Master Owner
Trust (144A)
2.070%, 09/15/15

    415,000        418,549   

2.410%, 09/15/15

    220,000        222,598   

Fremont Home Loan Trust
1.267%, 12/25/33 (c)

    158,371        135,888   

GMAC Mortgage Corp. Loan Trust
0.762%, 10/25/34 (c)

    291,410        222,560   

Greenpoint Mortgage Funding Trust
0.817%, 09/25/34 (c)

    80,190        78,487   

ING Investment Management (144A)
1.968%, 10/15/22 (c)

    1,030,000        1,028,920   

ING Investment Management Co. (144A)
1.810%, 10/15/22

    1,845,000        1,838,836   

Knollwood CDO, Ltd. (144A)
3.660%, 01/10/39 (c)

    515,452        5   

Long Beach Mortgage Loan Trust
1.867%, 02/25/34 (c)

    198,989        139,361   

OZLM Funding, Ltd. (144A)
1.867%, 10/30/23

    1,070,000        1,070,000   

PFS Financing Corp. (144A)
1.421%, 02/15/16 (c)

    620,000        622,117   
   

 

 

 
      12,802,259   
   

 

 

 

Asset Backed - Student Loan—0.8%

  

Nelnet Student Loan Trust
0.544%, 08/23/27 (c)

    695,000        659,518   

2.077%, 11/25/24 (c)

    796,000        835,824   

Scholar Funding Trust (144A)
1.347%, 10/28/43 (c)

    668,644        654,521   

SLM Student Loan Trust
0.589%, 06/15/21 (c)

    1,252,119        1,221,277   

2.151%, 07/25/23 (c)

    635,000        669,402   

Asset Backed - Student Loan—(Continued)

  

SLM Student Loan Trust (144A)
1.321%, 08/15/23 (c)

  $ 910,381      $ 916,788   

1.621%, 08/15/25 (c)

    418,471        423,003   

2.950%, 02/15/46

    1,810,000        1,881,492   

3.330%, 10/15/46 (c)

    1,550,000        1,637,922   

3.830%, 01/17/45

    445,000        475,740   

4.540%, 10/17/44

    490,000        537,897   
   

 

 

 
      9,913,384   
   

 

 

 

Total Asset-Backed Securities
(Identified Cost $48,366,600)

      48,199,075   
   

 

 

 
Foreign Government—2.0%   

Sovereign—2.0%

  

Brazilian Government International Bond
7.125%, 01/20/37

    230,000        346,725   

Deutsche Bundesrepublik Inflation Linked Bond
0.100%, 04/15/23 (EUR)

    5,189,985        7,069,552   

Italy Buoni Poliennali Del Tesoro
2.100%, 09/15/21 (EUR)

    1,086,090        1,228,924   

2.550%, 09/15/41 (EUR)

    297,528        288,627   

4.750%, 06/01/17 (EUR)

    4,915,000        6,520,595   

5.250%, 08/01/17 (EUR)

    1,255,000        1,704,025   

Mexico Government International Bond
5.125%, 01/15/20

    1,175,000        1,404,125   

5.625%, 01/15/17

    475,000        555,275   

6.750%, 09/27/34

    215,000        306,160   

Poland Government International Bond
5.125%, 04/21/21

    450,000        524,250   

6.375%, 07/15/19

    170,000        209,950   

Russian Foreign Bond-Eurobond
7.500%, 03/31/30

    1,918,125        2,421,633   

South Africa Government International Bond
4.665%, 01/17/24

    340,000        381,650   

5.500%, 03/09/20

    365,000        433,438   

Turkey Government International Bond
5.625%, 03/30/21

    490,000        558,600   

6.250%, 09/26/22

    450,000        538,515   

7.000%, 03/11/19

    340,000        412,250   
   

 

 

 

Total Foreign Government
(Identified Cost $24,056,681)

      24,904,294   
   

 

 

 
Municipal Bonds & Notes—0.1%   

Municipal Agency—0.1%

   

New York City Municipal Water Finance Authority
5.375%, 06/15/43

    530,000        628,924   

5.500%, 06/15/43

    630,000        755,874   
   

 

 

 

Total Municipal Bonds & Notes
(Identified Cost $1,143,384)

      1,384,798   
   

 

 

 

 

MSF-42


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Term Loans—0.1%

 

Security Description   Shares/Par
Amount
    Value  

Hotels, Restaurants & Leisure—0.1%

   

Motel 6 Operating, L.P.
10.000%, 10/15/17 (i)

  $ 900,000      $ 900,000   
   

 

 

 

Total Term Loans
(Identified Cost $900,000)

      900,000   
   

 

 

 
Preferred Stock—0.0%   

Diversified Financial Services—0.0%

   

Citigroup Capital XIII

    21,099        587,607   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

   

Federal Home Loan Mortgage Corp. (a)

    20,000        17,000   

Federal National Mortgage Association
(Series S) (a)

    20,000        17,400   
   

 

 

 
      34,400   
   

 

 

 

Total Preferred Stock
(Identified Cost $623,916)

      622,007   
   

 

 

 
Options Purchased—0.0%                

Call Options—0.0%

   

10 Year Right-to-Receive Fixed Swaption 1.55%, Expires 12/14/12 (Counterparty-JPMorgan Chase Bank)

    2,900,000        12,765   

30 Year Right-to-Receive Fixed Swaption 2.25%, Expires 11/09/12 (Counterparty-Bank of America N.A.)

    3,100,000        8,573   

30 Year Right-to-Receive Fixed Swaption 2.69%, Expires 03/11/13 (Couterparty-Deutsche Bank Securities, Inc.)

    1,400,000        73,019   

5 Year Right-to-Receive Fixed Swaption 1.07%, Expires 07/25/13 (Counterparty-Deutsche Bank Securities, Inc.)

    13,900,000        133,912   

EUR Currency, Strike Price USD 1.291, Expires 12/20/12 (Counterparty-Royal Bank of Scotland plc) (EUR)

    1,355,000        26,232   

Eurodollar Midcurve 3 Year Futures @ 98.875, Expires 11/16/12

    547,500        142,350   
   

 

 

 
      396,851   
   

 

 

 

Put Options—0.0%

   

30 Year Right-to-Pay Fixed Swaption 2.69%, Expires 03/11/13 (Counterparty-Deutsche Bank Securities, Inc.)

    1,400,000        64,108   

30 Year Right-to-Pay Fixed Swaption 3.50%, Expires 11/08/12 (Counterparty-Bank of America N.A.) (EUR)

    5,100,000        8   

5 Year Right-to-Pay Fixed Swaption 1.07%, Expires 07/25/13 (Counterparty-Deutsche Bank Securities, Inc.)

    13,900,000        118,991   

AUD Currency, Strike Price USD 1.007, Expires 10/12/12 (Counterparty-Citibank N.A.) (AUD)

    1,100,000        693   

Put Options—(Continued)

   

EUR Currency, Strike Price USD 1.180, Expires 12/20/12 (Counterparty-Bank of America N.A.) (EUR)

    41,200      $ 5,804   
   

 

 

 
      189,604   
   

 

 

 

Total Options Purchased
(Identified Cost $985,152)

      586,455   
   

 

 

 
Short Term Investments—5.2%   

Mutual Funds—2.7%

  

State Street Navigator Securities Lending Prime Portfolio (j)

    34,420,897        34,420,897   
   

 

 

 

Repurchase Agreement—2.5%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $31,782,026 on 10/01/12, collateralized by $32,420,000 U.S. Treasury Note 0.250% due 11/30/13 with a value of $32,420,000

  $ 31,782,000        31,782,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $66,202,897)

      66,202,897   
   

 

 

 

Total Investments—113.9%
(Identified Cost $1,335,627,745) (k)

      1,452,409,184   

Liabilities in excess of other assets

      (177,756,441
   

 

 

 
Net Assets—100.0%     $ 1,274,652,743   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $ 47,784,911 and the collateral received consisted of cash in the amount of $34,420,897 and non-cash collateral with a value of $14,545,010. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2012.
(d) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments. The par amount shown reflects the notional amount of the security.
(e) Non-Income Producing; Defaulted Bond.
(f) All or a portion of the security was pledged as collateral against open swap contracts. As of September 30, 2012, the market value of securities pledged was $3,136,879.
(g) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2012, the market value of securities pledged was $1,618,924.
(h) All or a portion of this security has been purchased in a Treasury Roll transaction.
(i) Security was valued in good faith under procedures approved by the Board of Trustees.
(j) Represents investment of cash collateral received from securities lending transactions.

 

MSF-43


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

(k) As of September 30, 2012, the aggregate cost of investments was $1,335,627,745. The aggregate unrealized appreciation and depreciation of investments was $132,687,104 and $(15,905,665), respectively, resulting in net unrealized appreciation of $116,781,439.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2012, the market value of 144A securities was $77,788,117, which is 6.1% of net assets.
(ARM)— Adjustable-Rate Mortgage.
(REMIC)— Real Estate Mortgage Investment Conduits.
(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.
(TIPS)— A Treasury Inflation Protected Security is a security with a fixed interest rate and the principal is adjusted for inflation. At maturity, the security will be redeemed at the greater of the inflation adjusted principal or par amount at original issue.
(AUD)— Australian Dollar
(EUR)— Euro

TBA Sale Commitments

 

Security Description

   Face
Amount
    Value  
Fannie Mae     

3.500% (15 Year TBA)

   $ (3,700,000   $ (3,937,031

3.500% (30 Year TBA)

     (3,600,000     (3,861,000

4.000% (15 Year TBA)

     (4,900,000     (5,239,938

4.500% (30 Year TBA)

     (25,500,000     (27,599,767

6.000% (30 Year TBA)

     (1,600,000     (1,766,500
Freddie Mac     

5.500% (30 Year TBA)

     (600,000     (653,719
Ginnie Mae     

4.500% (30 Year TBA)

     (7,700,000     (8,495,265
    

 

 

 

Total TBA Sale Commitments (Proceeds $51,452,488)

  

  $ (51,553,220
    

 

 

 

 

Forward Contracts   

Forward Foreign Currency Contracts

  Counterparty   Delivery Date     Local
Currency
Amount
    Aggregate
Face
Value
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

Australian Dollar (bought)

  Citibank N.A.     10/12/12        215,000      $ 223,074      $ 222,842      $ (232

Australian Dollar (bought)

  Goldman Sachs Capital Markets     10/12/12        335,000        336,591        347,219        10,628   

Australian Dollar (sold)

  Goldman Sachs Capital Markets     10/12/12        550,000        552,975        570,061        (17,086

Australian Dollar (sold)

  UBS AG     10/19/12        1,630,000        1,703,200        1,688,409        14,791   

Canadian Dollar (bought) for Australian Dollar*

  Deutsche Bank AG     10/19/12        2,482,266        2,522,255        2,523,983        1,728   

Canadian Dollar (sold)

  BNP Paribas N.A.     10/17/12        22,000        21,491        22,370        (879

Canadian Dollar (sold)

  UBS AG     10/17/12        40,000        39,348        40,674        (1,326

Canadian Dollar (sold)

  UBS AG     10/17/12        94,000        92,424        95,584        (3,160

Euro (bought)

  Citibank N.A.     10/22/12        765,000        990,873        983,255        (7,618

Euro (bought)

  Deutsche Bank AG     10/22/12        597,000        772,944        767,325        (5,619

Euro (sold)

  Royal Bank of Scotland plc     10/17/12        1,910,000        2,455,028        2,454,805        223   

Euro (sold)

  UBS AG     10/19/12        2,925,000        3,837,041        3,759,396        77,645   

Euro (sold)

  Citibank N.A.     10/22/12        106,000        133,627        136,242        (2,615

Euro (sold)

  Citibank N.A.     10/22/12        109,000        140,168        140,098        70   

Euro (sold)

  Citibank N.A.     10/22/12        2,058,000        2,573,471        2,645,150        (71,679

Euro (sold)

  Citibank N.A.     10/22/12        6,350,000        7,785,100        8,161,663        (376,563

Euro (sold)

  Deutsche Bank AG     10/22/12        1,917,000        2,482,429        2,463,923        18,506   

Euro (sold)

  Royal Bank of Scotland plc     10/22/12        451,000        559,485        579,671        (20,186

Euro (sold)

  Royal Bank of Scotland plc     10/22/12        1,417,000        1,769,088        1,821,272        (52,184

Mexican Peso (bought)

  Bank of America N.A.     10/22/12        16,095,200        1,240,000        1,247,953        7,953   

Mexican Peso (bought)

  Royal Bank of Scotland plc     10/22/12        7,991,180        620,000        619,602        (398

Mexican Peso (bought)

  Royal Bank of Scotland plc     10/22/12        7,991,738        620,000        619,645        (355

Mexican Peso (bought) for Australian Dollar*

  Deutsche Bank AG     12/19/12        2,208,012        168,310        170,229        1,919   

Mexican Peso (bought) for Australian Dollar*

  Deutsche Bank AG     12/19/12        2,209,080        168,310        170,311        2,001   

Mexican Peso (bought) for Australian Dollar*

  JPMorgan Chase Bank     12/19/12        2,208,665        168,310        170,279        1,969   

Yuan Renminbi (sold)

  Standard Chartered Bank     06/07/13        7,875,000        1,223,586        1,230,459        (6,873

Yuan Renminbi (sold)

  Standard Chartered Bank     06/07/13        7,875,000        1,225,681        1,230,459        (4,778

 

MSF-44


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Forward Contracts—(Continued)   

Forward Foreign Currency Contracts

  Counterparty   Delivery Date     Local
Currency
Amount
    Aggregate
Face
Value
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

Yuan Renminbi (sold)

  Credit Suisse     08/19/13        7,850,000      $ 1,218,376      $ 1,221,761      $ (3,385
           

 

 

 

Net Unrealized Depreciation

  

  $ (437,503
           

 

 

 

 

* For cross-currency exchange contracts, the local currency amount represents the local currency being purchased. The aggregate face value represents the U.S. dollar value at September 30, 2012 of the currency being sold and the valuation as of September 30, 2012 is the U.S. dollar value of the currency being purchased.

 

Futures Contracts   

Futures Contracts–Long

   Exchange    Expiration
Date
     Number of
Contracts
    Contract
Amount
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

10 Year Australian T-Bond Futures

   Australian Stock Exchange      12/17/12         49      $ 6,271,109      $ 6,449,648      $ 178,539   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      12/17/12         12        2,982,786        2,990,400        7,614   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      03/18/13         8        1,988,288        1,993,500        5,212   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      06/17/13         19        4,720,354        4,733,850        13,496   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      09/16/13         21        5,217,508        5,231,625        14,117   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      12/16/13         13        3,228,911        3,237,813        8,902   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      03/17/14         1        248,315        249,012        697   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      06/16/14         1        248,458        248,912        454   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      09/14/15         28        6,936,879        6,946,100        9,221   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      12/14/15         28        6,926,355        6,937,350        10,995   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      03/14/16         28        6,915,916        6,928,600        12,684   

90 Day Euro Dollar Futures

   Chicago Mercantile Exchange      06/13/16         28        6,904,239        6,918,450        14,211   

Euro OAT Futures

   Eurex Deutschland      12/06/12         7        1,199,589        1,204,927        5,338   

U.S. Treasury Note 2 Year Futures

   Chicago Board of Trade      12/31/12         210        46,270,485        46,311,562        41,077   

U.S. Treasury Note 5 Year Futures

   Chicago Board of Trade      12/31/12         220        27,396,614        27,419,219        22,605   

U.S. Treasury Bond 30 Year Futures

   Chicago Board of Trade      12/19/12         27        4,052,473        4,033,125        (19,348

Futures Contracts–Short

 

3 Year Australian T-Bond Futures

   Australian Stock Exchange      12/17/12         (156     (17,730,344     (17,883,155     (152,811

German Euro Bund Futures

   Eurex Deutschland      12/06/12         (60     (10,863,945     (10,930,890     (66,945

U.S. Treasury Note 10 Year Futures

   Chicago Board of Trade      12/19/12         (256     (34,090,074     (34,172,000     (81,926

U.S. Treasury Ultra Long Bond Futures

   Chicago Board of Trade      12/19/12         (222     (37,056,047     (36,678,562     377,485   
              

 

 

 

Net Unrealized Appreciation

  

  $ 401,617   
              

 

 

 

 

Options Written   

Call Options Written

   Counterparty    Expiration
Date
     Notional
Amount
    Premiums
Received
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

Eurodollar Midcurve 3 Year Futures @ 99.125

   JPMorgan Chase Bank      11/16/12         (329   $ (27,492   $ (67,856   $ (40,364

EUR Currency, Strike Price USD 1.291

   Bank of American N.A.      12/20/12         (4,100,000     (46,971     (79,374     (32,403

Put Options Written

 

EUR Currency, Strike Price USD 1.10

   Bank of American N.A.      12/20/12         (41,200     (26,046     (432     25,614   

Interest Rate Call Swaptions Written

 

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 1.000%

   Bank of America N.A.      07/10/14         (5,600,000     (55,720     (32,745     22,975   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 1.000%

   Bank of America N.A.      07/11/14         (14,000,000     (98,000     (82,065     15,935   

5 Year Right-to-Receive 3-Month LIBOR Floating Interest Rate Swap 1.000%

   Bank of America N.A.      07/14/14         (5,600,000     (39,200     (32,844     6,356   

5 Year Right-to-Receive 3-Month LIBOR Floating Interest Rate Swap 1.430%

   Deutsche Bank AG      07/28/14         (2,500,000     (48,125     (39,273     8,852   

 

MSF-45


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Options Written—(Continued)   

Interest Rate Put Swaptions Written

   Counterparty    Expiration
Date
     Notional
Amount
    Premiums
Received
    Valuation as of
September 30,
2012
    Unrealized
Appreciation/
(Depreciation)
 

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 2.000%

   Bank of America N.A.      07/10/14         (5,600,000   $ (55,720   $ (47,919   $ 7,801   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 2.000%

   Bank of America N.A.      07/11/14         (14,000,000     (177,100     (120,175     56,925   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 2.000%

   Bank of America N.A.      07/14/14         (5,600,000     (67,200     (48,288     18,912   

5 Year Right-to-Pay 3-Month LIBOR Floating Interest Rate Swap 1.430%

   Deutsche Bank AG      07/28/14         (2,500,000     (48,125     (42,769     5,356   
          

 

 

   

 

 

   

 

 

 

Total Options Written

  

  $ (689,699   $ (593,740   $ 95,959   
          

 

 

   

 

 

   

 

 

 

 

Swap Agreements   
Credit Default Swaps on Credit Indices—Sell Protection (a)   

Reference Obligation

  Counterparty   Fixed Deal
Receive Rate
    Maturity
Date
    Implied Credit
Spread at
September 30,
2012 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Received
    Unrealized
Appreciation
 

Markit CDX North America High Yield Index, Series 17, Version 2

  Deutsche Bank AG     5.000     12/20/16        4.521   $ 1,248,000      $ 22,129      $ (95,853   $ 117,982   

Markit CDX North America High Yield Index, Series 17, Version 5

  Deutsche Bank AG     5.000     12/20/16        4.521     3,600,000        63,833        (321,500     385,333   

Markit CMBX North America A-Rated Index, Version 2

  Deutsche Bank AG     0.500     03/15/49        N/A        645,000        (62,538     (94,743     32,205   

Markit CMBX North America AAA-Rated Index, Version 3

  Morgan Stanley
Capital
    0.080     12/13/49        N/A        760,000        (45,331     (88,305     42,974   

Markit CMBX North America AAA-Rated Index, Version 4

  Morgan Stanley
Capital
    0.350     02/17/51        N/A        760,000        (47,658     (91,000     43,342   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ (69,565   $ (691,401   $ 621,836   
           

 

 

   

 

 

   

 

 

 

 

Credit Default Swaps on Corporate Issuers—Sell Protection (a)   

Reference Obligation

  Counterparty   Fixed Deal
(Pay) Rate
    Maturity
Date
    Implied Credit
Spread at
September  30,
2012 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Received
    Unrealized
Appreciation
 

Prudential Financial, Inc. (4.500%, 07/15/13)

  Bank of America N.A.     1.000     06/20/17        1.789     1,100,000      $ (38,981   $ (52,702   $ 13,721   

Prudential Financial, Inc. (4.500%, 07/15/13)

  Deutsche Bank AG     1.000     06/20/17        1.789     1,100,000        (38,981     (52,212     13,231   

Prudential Financial, Inc. (4.500%, 07/15/13)

  JPMorgan Chase Bank     1.000     06/20/17        1.789     550,000        (19,491     (26,773     7,282   

Prudential Financial, Inc. (4.500%, 07/15/13)

  JPMorgan Chase Bank     1.000     06/20/17        1.789     2,750,000        (97,453     (115,805     18,352   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ (194,906   $ (247,492   $ 52,586   
           

 

 

   

 

 

   

 

 

 

 

MSF-46


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Interest Rate Swaps   

Counterparty

  Floating Rate
Index
  Pay/Receive
Floating
Rate
  Fixed
Rate
    Maturity
Date
  Notional
Amount
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Bank of America N.A.

  6M EURIBOR   Pay     2.800   11/10/41   EUR  1,200,000      $ 159,117      $ 0      $ 159,117   

Deutsche Bank AG

  6M EURIBOR   Receive     2.783   11/10/41   EUR 1,200,000        (153,248     0        (153,248

Deutsche Bank AG

  3M LIBOR   Pay     1.196   08/30/18   USD  1,900,000        10,548        0        10,548   

Bank of America N.A.

  3M LIBOR   Receive     1.730   09/27/22   USD     600,000        (1,553     0        (1,553

JPMorgan Chase Bank

  3M LIBOR   Receive     1.758   06/25/22   USD 2,300,000        (19,548     0        (19,548

Deutsche Bank AG

  3M LIBOR   Receive     2.522   09/04/42   USD 1,300,000        24,054        0        24,054   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ 19,370      $ 0      $ 19,370   
           

 

 

   

 

 

   

 

 

 

 

(a) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular credit default swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on an index, corporate issuers or sovereign issuers as of period end serve as some indication of the current status of the payment/performance risk and the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity or index reflects the cost of buying/selling protection and may reflect upfront payments required to be made to enter into the agreement. Wider credit spreads generally represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the particular swap agreement.
(c) The maximum potential amount of future undiscounted payments that the Portfolio could receive or be required to make under a credit default swap contract is generally the notional amount of the contract. These potential amounts may be partially offset or reduced by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.

 

MSF-47


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stock*

   $ 759,236,412      $ —        $ —         $ 759,236,412   

Total U.S. Treasury & Government Agencies*

     —          332,909,565        —           332,909,565   

Total Corporate Bonds & Notes*

     —          153,268,256        —           153,268,256   

Total Mortgage-Backed Securities*

     —          64,195,425        —                64,195,425   

Total Asset-Backed Securities*

     —          48,199,075        —           48,199,075   

Total Foreign Government*

     —          24,904,294        —           24,904,294   

Total Municipal Bonds & Notes*

     —          1,384,798        —           1,384,798   

Total Term Loans*

     —          —          900,000         900,000   

Total Preferred Stock*

     622,007        —          —           622,007   
Options Purchased          

Call Options

     142,350        254,501        —           396,851   

Put Options

     —          189,604        —           189,604   

Total Options Purchased

     142,350        444,105        —           586,455   
Short Term Investments          

Mutual Funds

     34,420,897        —          —           34,420,897   

Repurchase Agreement

     —          31,782,000        —           31,782,000   

Total Short Term Investments

       34,420,897          31,782,000        —           66,202,897   

Total Investments

   $ 794,421,666      $ 657,087,518      $ 900,000       $ 1,452,409,184   
                                   

Total TBA Sale Commitments

   $ —        $ (51,553,220   $ —         $ (51,553,220
                                   
Forward Contracts          

Forward Foreign Currency Contracts (Unrealized Appreciation)

   $ —        $ 137,433      $ —         $ 137,433   

Forward Foreign Currency Contracts (Unrealized Depreciation)

     —          (574,936     —           (574,936

Total Forward Contracts (Net Unrealized Depreciation)

     —          (437,503     —           (437,503
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

     722,647        —          —           722,647   

Futures Contracts (Unrealized Depreciation)

     (321,030     —          —           (321,030

Total Futures Contracts (Net Unrealized Appreciation)

     401,617        —          —           401,617   
Options Written          

Call Options Written

     (67,856     (266,301     —           (334,157

Put Options Written

     —          (259,583     —           (259,583

Total Options Written

     (67,856     (525,884     —           (593,740
Swap Agreements          

Swap Contracts at Value (Assets)

     —          279,681        —           279,681   

Swap Contracts at Value (Liabilities)

     —          (524,782     —           (524,782

Total Swap Agreements at Value

     —          (245,101     —           (245,101

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-48


Table of Contents

Metropolitan Series Fund

 

BlackRock Diversified Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

      Corporate
Bonds & Notes
    Term
Loans
     Total  

Balance as of December 31, 2011

   $ 0      $ 0       $ 0   

Transfers Into level 3

     0        0         0   

Transfers Out of level 3

     0        0         0   

Accrued discounts/premiums

     (36     0         (36

Realized Loss

     (229,641     0         (229,641

Change in unrealized depreciation

     229,677        0         229,677   

Security Purchases

     0        900,000         900,000   

Security Sales

     0        0         0   

Balance as of September 30, 2012

   $ 0      $ 900,000       $ 900,000   

 

The change in unrealized depreciation on investments held at September 30, 2012 was $0.

 

MSF-49


Table of Contents

Metropolitan Series Fund

 

BlackRock Large Cap Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—96.6% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—0.9%

  

Raytheon Co.

    173,175      $ 9,898,683   

Textron, Inc. (a)

    183,825        4,810,700   
   

 

 

 
      14,709,383   
   

 

 

 

Airlines—1.5%

  

Copa Holdings S.A.

    30,600        2,486,862   

Delta Air Lines, Inc. (b)

    1,487,050        13,621,378   

United Continental Holdings, Inc. (b)

    429,739        8,379,911   
   

 

 

 
      24,488,151   
   

 

 

 

Auto Components—0.4%

  

Lear Corp.

    100,150        3,784,669   

TRW Automotive Holdings Corp. (b)

    69,500        3,037,845   
   

 

 

 
      6,822,514   
   

 

 

 

Automobiles—0.1%

  

Thor Industries, Inc. (a)

    49,600        1,801,472   
   

 

 

 

Beverages—0.7%

  

Constellation Brands, Inc. (b)

    347,200        11,231,920   
   

 

 

 

Capital Markets—2.2%

  

The Goldman Sachs Group, Inc.

    322,552        36,667,711   
   

 

 

 

Chemicals—0.9%

  

CF Industries Holdings, Inc.

    70,500        15,667,920   
   

 

 

 

Commercial Banks—3.0%

  

Regions Financial Corp.

    724,100        5,220,761   

U.S. Bancorp

    1,176,950        40,369,385   

Wells Fargo & Co.

    145,800        5,034,474   
   

 

 

 
      50,624,620   
   

 

 

 

Commercial Services & Supplies—0.8%

  

Covanta Holding Corp. (a)

    117,225        2,011,581   

Pitney Bowes, Inc. (a)

    882,800        12,200,296   
   

 

 

 
      14,211,877   
   

 

 

 

Communications Equipment—1.8%

  

Cisco Systems, Inc.

    1,599,100        30,526,819   
   

 

 

 

Computers & Peripherals—1.8%

  

Hewlett-Packard Co. (a)

    896,300        15,290,878   

Western Digital Corp. (b)

    400,600        15,515,238   
   

 

 

 
      30,806,116   
   

 

 

 
   

Construction & Engineering—0.9%

  

AECOM Technology Corp. (b)

    142,500        3,015,300   

KBR, Inc.

    416,942        12,433,210   
   

 

 

 
      15,448,510   
   

 

 

 

Consumer Finance—1.3%

  

Discover Financial Services

    561,750        22,318,328   
   

 

 

 

Containers & Packaging—1.8%

  

Rock-Tenn Co.

    414,476        29,916,878   
   

 

 

 

Diversified Financial Services—7.8%

  

Citigroup, Inc.

    1,711,675      $ 56,006,006   

JPMorgan Chase & Co.

    1,659,537        67,178,058   

The NASDAQ OMX Group, Inc.

    323,375        7,533,020   
   

 

 

 
      130,717,084   
   

 

 

 

Diversified Telecommunication Services—3.0%

  

AT&T, Inc.

    438,800        16,542,760   

Verizon Communications, Inc.

    745,600        33,976,992   
   

 

 

 
      50,519,752   
   

 

 

 

Electronic Equipment, Instruments & Components—0.3%

  

Avnet, Inc. (b)

    91,700        2,667,553   

Tech Data Corp. (a) (b)

    61,100        2,767,830   
   

 

 

 
      5,435,383   
   

 

 

 

Food & Staples Retailing—4.0%

  

CVS Caremark Corp.

    579,950        28,081,179   

Wal-Mart Stores, Inc.

    536,625        39,602,925   
   

 

 

 
      67,684,104   
   

 

 

 

Health Care Equipment & Supplies—1.3%

  

Zimmer Holdings, Inc. (a)

    324,150        21,919,023   
   

 

 

 

Health Care Providers & Services—3.2%

  

AmerisourceBergen Corp.

    287,600        11,132,996   

Humana, Inc.

    182,425        12,797,114   

UnitedHealth Group, Inc.

    531,250        29,436,562   
   

 

 

 
      53,366,672   
   

 

 

 

Household Products—0.3%

  

The Procter & Gamble Co.

    84,000        5,826,240   
   

 

 

 

Independent Power Producers & Energy Traders—1.0%

  

The AES Corp.

    1,461,900        16,037,043   
   

 

 

 

Industrial Conglomerates—4.2%

  

3M Co.

    290,900        26,884,978   

General Electric Co.

    899,600        20,429,916   

Tyco International, Ltd.

    407,125        22,904,853   
   

 

 

 
      70,219,747   
   

 

 

 

Insurance—9.4%

  

Allied World Assurance Co. Holdings AG

    59,100        4,565,475   

American Financial Group, Inc.

    376,650        14,275,035   

American International Group, Inc. (b)

    889,400        29,163,426   

Arch Capital Group, Ltd. (a) (b)

    277,700        11,574,536   

Berkshire Hathaway, Inc. (Class B) (b)

    44,100        3,889,620   

Everest Re Group, Ltd.

    30,600        3,272,976   

HCC Insurance Holdings, Inc.

    188,450        6,386,570   

Lincoln National Corp. (a)

    814,900        19,712,431   

PartnerRe, Ltd. (a)

    50,900        3,780,852   

Reinsurance Group of America, Inc.

    49,600        2,870,352   

RenaissanceRe Holdings, Ltd.

    86,675        6,677,442   

The Chubb Corp.

    290,900        22,189,852   

The Travelers Cos., Inc. (a)

    325,900        22,245,934   

Unum Group

    374,050        7,189,241   
   

 

 

 
      157,793,742   
   

 

 

 

 

MSF-50


Table of Contents

Metropolitan Series Fund

 

BlackRock Large Cap Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Internet & Catalog Retail—1.2%

  

Expedia, Inc.

    351,930      $ 20,355,631   
   

 

 

 

IT Services—0.5%

  

DST Systems, Inc.

    30,500        1,725,080   

Total System Services, Inc.

    287,600        6,816,120   
   

 

 

 
      8,541,200   
   

 

 

 

Machinery—1.6%

  

Ingersoll-Rand plc

    402,200        18,026,604   

Oshkosh Corp. (b)

    321,975        8,831,774   
   

 

 

 
      26,858,378   
   

 

 

 

Media—7.1%

  

Comcast Corp. (Class A)

    1,201,100        42,963,347   

DISH Network Corp. (b)

    407,300        12,467,453   

News Corp. (Class A)

    1,584,200        38,860,426   

Time Warner Cable, Inc.

    274,200        26,065,452   
   

 

 

 
      120,356,678   
   

 

 

 

Metals & Mining—0.2%

  

Alcoa, Inc.

    393,100        3,478,935   
   

 

 

 

Multi-Utilities—0.7%

  

Ameren Corp.

    386,900        12,640,023   
   

 

 

 

Multiline Retail—0.6%

  

Dillard’s, Inc.

    132,400        9,575,168   
   

 

 

 

Office Electronics—0.6%

  

Xerox Corp.

    1,407,550        10,331,417   
   

 

 

 

Oil, Gas & Consumable Fuels—15.4%

  

Chevron Corp.

    590,675        68,849,078   

Exxon Mobil Corp.

    1,253,525        114,634,861   

Marathon Oil Corp.

    505,900        14,959,463   

Marathon Petroleum Corp.

    522,075        28,500,074   

Suncor Energy, Inc.

    1,007,200        33,086,520   
   

 

 

 
      260,029,996   
   

 

 

 

Paper & Forest Products—1.3%

  

Domtar Corp.

    198,900        15,571,881   

International Paper Co.

    158,700        5,763,984   
   

 

 

 
      21,335,865   
   

 

 

 

Pharmaceuticals—10.3%

  

Abbott Laboratories

    282,100        19,340,776   

Eli Lilly & Co.

    332,025        15,741,305   

Forest Laboratories, Inc. (b)

    461,675        16,440,247   

Johnson & Johnson (a)

    47,275        3,257,720   

Merck & Co., Inc.

    1,134,975        51,187,372   

Pfizer, Inc.

    2,702,375        67,154,019   
   

 

 

 
      173,121,439   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.4%

  

KLA-Tencor Corp.

    479,825        22,890,052   
   

 

 

 

Software—1.6%

  

CA, Inc.

    664,500      $ 17,120,843   

Microsoft Corp.

    337,200        10,041,816   
   

 

 

 
      27,162,659   
   

 

 

 

Specialty Retail—1.4%

  

Foot Locker, Inc.

    216,332        7,679,786   

Limited Brands, Inc. (a)

    158,525        7,808,942   

The Gap, Inc.

    237,325        8,491,488   
   

 

 

 
      23,980,216   
   

 

 

 

Thrifts & Mortgage Finance—0.1%

  

Washington Federal, Inc.

    85,095        1,419,385   
   

 

 

 

Total Common Stock
(Identified Cost $1,458,252,741)

      1,626,838,051   
   

 

 

 
Short Term Investments—6.5%   

Mutual Funds—4.3%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    71,896,791        71,896,791   
   

 

 

 

Repurchase Agreement—2.2%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $37,299,031 on 10/01/12, collateralized by $37,720,000 U.S. Treasury Note 0.750% due 12/15/13 with a value of $38,045,750

  $ 37,299,000        37,299,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $109,195,791)

      109,195,791   
   

 

 

 

Total Investments—103.1%
(Identified Cost $1,567,448,532) (d)

      1,736,033,842   

Liabilities in excess of other assets

      (52,934,623
   

 

 

 
Net Assets—100.0%     $ 1,683,099,219   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $69,959,076 and the collateral received consisted of cash in the amount of $71,896,791 and non-cash collateral with a value of $5,974. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $1,567,448,532. The aggregate unrealized appreciation and depreciation of investments was $189,397,634 and $(20,812,324), respectively, resulting in net unrealized appreciation of $168,585,310.

 

MSF-51


Table of Contents

Metropolitan Series Fund

 

BlackRock Large Cap Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 1,626,838,051       $ —         $ —         $ 1,626,838,051   
Short Term Investments            

Mutual Funds

     71,896,791         —           —           71,896,791   

Repurchase Agreement

     —           37,299,000         —           37,299,000   

Total Short Term Investments

     71,896,791         37,299,000         —           109,195,791   

Total Investments

   $ 1,698,734,842       $ 37,299,000       $ —         $ 1,736,033,842   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-52


Table of Contents

Metropolitan Series Fund

 

BlackRock Legacy Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—99.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—6.0%

  

Precision Castparts Corp.

    100,900      $ 16,481,006   

The Boeing Co.

    903,200        62,880,784   

United Technologies Corp.

    254,300        19,909,147   
   

 

 

 
      99,270,937   
   

 

 

 

Air Freight & Logistics—0.6%

  

United Parcel Service, Inc. (Class B)

    145,300        10,399,121   
   

 

 

 

Auto Components—0.3%

  

Allison Transmission Holdings, Inc. (a)

    279,500        5,623,540   
   

 

 

 

Automobiles—0.6%

  

Tesla Motors, Inc. (a) (b)

    352,100        10,309,488   
   

 

 

 

Beverages—4.4%

  

PepsiCo., Inc.

    382,500        27,069,525   

The Coca-Cola Co.

    1,191,794        45,204,746   
   

 

 

 
      72,274,271   
   

 

 

 

Biotechnology—5.3%

  

Alexion Pharmaceuticals, Inc. (b)

    156,300        17,880,720   

Ariad Pharmaceuticals, Inc. (a) (b)

    321,600        7,790,760   

Biogen Idec, Inc. (b)

    141,300        21,086,199   

Gilead Sciences, Inc. (b)

    546,000        36,216,180   

Regeneron Pharmaceuticals, Inc. (a) (b)

    37,089        5,662,007   
   

 

 

 
      88,635,866   
   

 

 

 

Building Products—0.4%

  

Masco Corp.

    397,224        5,978,221   
   

 

 

 

Capital Markets—1.7%

  

Jefferies Group, Inc.

    687,600        9,413,244   

The Goldman Sachs Group, Inc.

    165,500        18,814,040   
   

 

 

 
      28,227,284   
   

 

 

 

Chemicals—2.5%

  

Celanese Corp. (Series A)

    282,400        10,705,784   

Monsanto Co.

    329,000        29,945,580   
   

 

 

 
      40,651,364   
   

 

 

 

Commercial Banks—1.4%

  

Wells Fargo & Co.

    689,200        23,798,076   
   

 

 

 

Communications Equipment—5.1%

  

F5 Networks, Inc. (b)

    156,400        16,375,080   

QUALCOMM, Inc.

    1,085,800        67,851,642   
   

 

 

 
      84,226,722   
   

 

 

 

Computers & Peripherals—11.7%

  

Apple, Inc.

    232,917        155,416,197   

EMC Corp. (b)

    1,092,200        29,784,294   

Fusion-io, Inc. (a) (b)

    285,777        8,650,470   
   

 

 

 
      193,850,961   
   

 

 

 

Diversified Telecommunication Services—1.9%

  

Level 3 Communications, Inc. (a) (b)

    324,900        7,462,953   

Diversified Telecommunication Services—(Continued)

  

Verizon Communications, Inc.

    522,700      $ 23,819,439   
   

 

 

 
      31,282,392   
   

 

 

 

Electrical Equipment—0.7%

  

Roper Industries, Inc. (a)

    109,000        11,978,010   
   

 

 

 

Energy Equipment & Services—2.1%

  

National Oilwell Varco, Inc.

    273,400        21,902,074   

Noble Corp.

    373,200        13,353,096   
   

 

 

 
      35,255,170   
   

 

 

 

Food & Staples Retailing—3.3%

  

Costco Wholesale Corp.

    424,900        42,543,113   

Whole Foods Market, Inc.

    128,200        12,486,680   
   

 

 

 
      55,029,793   
   

 

 

 

Health Care Equipment & Supplies—1.1%

  

Intuitive Surgical, Inc. (b)

    37,600        18,635,688   
   

 

 

 

Health Care Technology—0.8%

  

Cerner Corp. (a) (b)

    178,100        13,786,721   
   

 

 

 

Hotels, Restaurants & Leisure—3.9%

  

Las Vegas Sands Corp. (b)

    398,580        18,482,155   

McDonald’s Corp.

    229,000        21,010,750   

Starbucks Corp.

    487,400        24,735,550   
   

 

 

 
      64,228,455   
   

 

 

 

Household Durables—1.8%

  

Stanley Black & Decker, Inc.

    380,400        29,005,500   
   

 

 

 

Industrial Conglomerates—2.7%

  

Danaher Corp.

    806,300        44,467,445   
   

 

 

 

Internet & Catalog Retail—5.3%

  

Amazon.com, Inc. (b)

    250,278        63,650,701   

priceline.com, Inc. (b)

    39,900        24,687,327   
   

 

 

 
      88,338,028   
   

 

 

 

Internet Software & Services—5.7%

  

eBay, Inc. (b)

    535,800        25,938,078   

Google, Inc. (Class A) (b)

    79,355        59,873,348   

Rackspace Hosting, Inc. (a) (b)

    129,337        8,547,882   
   

 

 

 
      94,359,308   
   

 

 

 

IT Services—1.4%

  

Visa, Inc. (Class A)

    171,600        23,042,448   
   

 

 

 

Machinery—2.0%

  

Eaton Corp. (a)

    430,900        20,364,334   

Terex Corp. (a)

    577,388        13,037,421   
   

 

 

 
      33,401,755   
   

 

 

 

Media—2.3%

  

CBS Corp. (Class B)

    357,200        12,977,076   

Comcast Corp. (Class A)

    690,200        24,688,454   
   

 

 

 
      37,665,530   
   

 

 

 

 

MSF-53


Table of Contents

Metropolitan Series Fund

 

BlackRock Legacy Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Oil, Gas & Consumable Fuels—1.7%

  

Anadarko Petroleum Corp.

    229,800      $ 16,067,616   

Noble Energy, Inc.

    134,200        12,441,682   
   

 

 

 
      28,509,298   
   

 

 

 

Personal Products—0.4%

  

Herbalife, Ltd. (a)

    142,662        6,762,179   
   

 

 

 

Pharmaceuticals—7.4%

  

Eli Lilly & Co.

    488,900        23,178,749   

Express Scripts Holding Co. (b)

    667,094        41,806,781   

Merck & Co., Inc.

    460,400        20,764,040   

Pfizer, Inc.

    851,700        21,164,745   

Valeant Pharmaceuticals International, Inc. (b)

    278,400        15,387,168   
   

 

 

 
      122,301,483   
   

 

 

 

Professional Services—0.1%

  

Manpower, Inc.

    67,219        2,473,659   
   

 

 

 

Real Estate Investment Trusts—1.1%

  

American Tower Corp.

    257,300        18,368,647   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.1%

  

Avago Technologies, Ltd.

    112,000        3,904,880   

Broadcom Corp.

    457,338        15,814,748   

ON Semiconductor Corp. (b)

    404,500        2,495,765   

Xilinx, Inc. (a)

    355,200        11,867,232   
   

 

 

 
      34,082,625   
   

 

 

 

Software—8.2%

  

Microsoft Corp.

    1,720,500        51,236,490   

Oracle Corp.

    691,000        21,759,590   

Red Hat, Inc. (b)

    337,700        19,228,638   

Salesforce.com, Inc. (a) (b)

    139,267        21,264,678   

VMware, Inc. (b)

    224,065        21,676,048   
   

 

 

 
      135,165,444   
   

 

 

 

Specialty Retail—1.7%

  

The Home Depot, Inc.

    457,100        27,595,127   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.0%

  

Michael Kors Holdings, Ltd. (b)

    283,600        15,081,848   

Under Armour, Inc. (a) (b)

    335,000        18,703,050   
   

 

 

 
      33,784,898   
   

 

 

 

Total Common Stock
(Identified Cost $1,421,200,327)

      1,652,765,454   
   

 

 

 
Short Term Investments—6.5%   
Security Description   Shares/Par
Amount
    Value  

Mutual Funds—6.1%

  

State Street Navigator Securities Lending Prime Portfolio (c)

    101,672,349      $ 101,672,349   
   

 

 

 

Repurchase Agreement—0.4%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $5,639,005 on 10/01/12, collateralized by $5,405,000 Federal Home Loan Mortgage Corp. 4.500% due 01/15/14 with a value of $5,756,325

  $ 5,639,000        5,639,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $107,311,349)

      107,311,349   
   

 

 

 

Total Investments—106.2%
(Identified Cost $1,528,511,676) (d)

      1,760,076,803   

Liabilities in excess of other assets

      (102,727,312
   

 

 

 
Net Assets—100.0%     $ 1,657,349,491   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $100,438,467 and the collateral received consisted of cash in the amount of $101,672,349. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $1,528,511,676. The aggregate unrealized appreciation and depreciation of investments was $266,088,574 and $(34,523,447), respectively, resulting in net unrealized appreciation of $231,565,127.

 

MSF-54


Table of Contents

Metropolitan Series Fund

 

BlackRock Legacy Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 1,652,765,454       $ —         $ —         $ 1,652,765,454   
Short Term Investments            

Mutual Funds

     101,672,349         —           —           101,672,349   

Repurchase Agreement

     —           5,639,000         —           5,639,000   

Total Short Term Investments

     101,672,349         5,639,000         —           107,311,349   

Total Investments

   $ 1,754,437,803       $ 5,639,000       $ —         $ 1,760,076,803   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-55


Table of Contents

Metropolitan Series Fund

 

BlackRock Money Market Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Commercial Paper (a)—46.1% of Net Assets

 

Security Description   Par
Amount
    Value  
   

Asset Backed—20.1%

  

Alpine Securitization Corp.
0.193%, 10/16/12

  $ 15,000,000      $ 14,998,812   

0.203%, 11/19/12

    20,000,000        19,994,556   

Chariot Funding, LLC
0.183%, 11/14/12

    15,000,000        14,996,700   

0.254%, 01/07/13

    12,000,000        11,991,833   

Gemini Securitization Corp., LLC
0.366%, 12/03/12

    15,000,000        14,990,550   

Liberty Street Funding, LLC
0.163%, 10/01/12

    6,000,000        6,000,000   

0.163%, 10/29/12

    10,000,000        9,998,756   

0.193%, 11/15/12

    15,000,000        14,996,438   

Manhattan Asset Funding Co., LLC
0.254%, 10/01/12

    5,000,000        5,000,000   

Nieuw Amsterdam Receivables Corp.
0.285%, 10/09/12

    20,000,000        19,998,756   

0.305%, 10/09/12

    10,000,000        9,999,333   

0.203%, 10/16/12

    12,000,000        11,999,000   

0.315%, 11/02/12

    14,000,000        13,996,142   

Regency Markets No. 1, LLC
0.203%, 10/05/12

    25,000,000        24,999,444   

0.213%, 10/22/12

    20,000,000        19,997,550   

Sydney Capital Corp.
0.305%, 10/03/12

    20,000,000        19,999,667   

Thunder Bay Funding, LLC
0.173%, 10/09/12

    20,000,000        19,999,244   

Variable Funding Capital Co., LLC
0.163%, 10/31/12

    30,000,000        29,996,000   

Victory Receivables Corp.
0.193%, 10/03/12

    20,000,000        19,999,789   

0.183%, 10/16/12

    6,595,000        6,594,505   

0.275%, 11/27/12

    10,000,000        9,995,725   

0.275%, 11/28/12

    11,621,000        11,615,945   
   

 

 

 
      332,158,745   
   

 

 

 

Asset Backed—Other—8.3%

  

Aspen Funding Corp.
0.203%, 10/04/12

    25,000,000        24,999,583   

Atlantis One Funding Corp.
0.275%, 11/06/12

    18,000,000        17,995,140   

0.346%, 12/07/12

    20,000,000        19,987,345   

0.478%, 03/07/13

    15,000,000        14,969,254   

Cancara Asset Securitisation, LLC
0.183%, 10/19/12

    19,000,000        18,998,290   

0.203%, 10/29/12

    15,000,000        14,997,667   

Fairway Finance Co., LLC
0.193%, 11/05/12

    16,240,000        16,237,000   

Northern Pines Funding, LLC
0.386%, 11/26/12

    10,000,000        9,994,089   
   

 

 

 
      138,178,368   
   

 

 

 

Capital Markets—1.8%

   

State Street Corp.
0.224%, 01/08/13

    20,000,000        19,987,900   

0.224%, 01/10/13

    10,000,000        9,993,828   
   

 

 

 
      29,981,728   
   

 

 

 
   

Commercial Banks—8.8%

   

Commonwealth Bank of Australia
0.193%, 11/21/12

  $ 21,000,000      $ 20,994,348   

0.373%, 01/14/13 (b)

    10,000,000        10,000,000   

NRW Bank
0.183%, 10/04/12

    15,000,000        14,999,775   

0.254%, 11/19/12

    20,000,000        19,993,194   

0.244%, 11/26/12

    15,000,000        14,994,400   

Sumitomo Trust & Banking Co., Ltd.
0.153%, 10/05/12

    25,000,000        24,999,583   

Svenska Handelsbanken, Inc.
0.305%, 10/26/12

    10,000,000        9,997,917   

Westpac Banking Corp.
0.508%, 04/02/13

    14,500,000        14,463,146   

0.488%, 08/09/13

    15,000,000        14,937,600   
   

 

 

 
      145,379,963   
   

 

 

 

Diversified Financial Services—7.1%

  

ING U.S. Funding, LLC
0.366%, 11/05/12

    15,000,000        14,994,750   

0.386%, 11/16/12

    25,000,000        24,987,861   

KFW International Finance, Inc.
0.102%, 10/01/12

    25,000,000        25,000,000   

Mizuho Funding, LLC
0.346%, 11/19/12

    15,000,000        14,993,058   

0.341%, 11/21/12

    20,000,000        19,990,508   

Nordea North America, Inc.
0.224%, 11/14/12

    6,000,000        5,998,387   

0.214%, 11/27/12

    12,000,000        11,996,010   
   

 

 

 
      117,960,574   
   

 

 

 

Total Commercial Paper
(Identified Cost $763,659,378)

      763,659,378   
   

 

 

 
Certificate of Deposit—32.8%   

Commercial Banks—32.8%

  

Bank of Montreal
0.325%, 12/11/12

    15,000,000        15,000,000   

0.285%, 12/20/12

    10,000,000        10,000,000   

0.448%, 07/17/13 (b)

    13,000,000        13,000,000   

Bank of Nova Scotia
0.323%, 02/11/13 (b)

    20,000,000        20,000,000   

0.275%, 02/15/13 (b)

    10,000,000        10,000,000   

Bank of Tokyo Mitsubishi UFJ, Ltd.
0.193%, 10/01/12

    15,000,000        15,000,000   

0.366%, 10/05/12

    15,000,000        15,000,000   

0.437%, 11/14/12

    15,000,000        15,000,000   

0.417%, 11/30/12

    10,000,000        10,001,454   

0.488%, 01/24/13

    10,000,000        10,000,000   

Canadian Imperial Bank of Commerce
0.360%, 09/25/13

    15,000,000        15,000,000   

Chase Bank USA N.A.
0.203%, 10/25/12

    15,000,000        15,000,000   

Credit Suisse
0.325%, 02/04/13

    15,000,000        15,000,000   

HSBC Bank plc
0.610%, 04/05/13

    10,000,000        10,000,000   

 

MSF-56


Table of Contents

Metropolitan Series Fund

 

BlackRock Money Market Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Certificate of Deposit—(Continued)

 

Security Description   Par
Amount
    Value  

Commercial Banks—(Continued)

  

JPMorgan Chase Bank N.A.
0.534%, 05/17/13 (b)

  $ 21,190,000      $ 21,190,000   

0.386%, 10/03/12

    15,000,000        15,000,000   

0.234%, 11/13/12

    10,000,000        10,000,000   

National Austrailia Bank, Ltd.
0.484%, 04/10/13

    10,000,000        10,000,000   

0.407%, 04/18/13

    10,000,000        10,000,000   

National Bank of Canada
0.323%, 01/11/13 (b)

    10,000,000        10,000,000   

Nordea Bank Finland plc
0.366%, 10/11/12

    23,500,000        23,500,000   

Norinchukin Bank
0.173%, 10/02/12

    60,000,000        60,000,000   

Rabobank Nederland NV

   

0.539%, 10/25/12

    29,000,000        29,000,000   

0.564%, 01/18/13 (b)

    15,000,000        15,000,000   

0.504%, 06/18/13 (b)

    12,000,000        12,000,000   

Royal Bank of Canada
0.461%, 05/16/13 (b)

    15,500,000        15,500,000   

Skandinaviska Enskilda Banken AB
0.412%, 10/05/12

    15,000,000        14,999,992   

Sumitomo Mitsui Banking Corp.
0.356%, 11/08/12

    10,000,000        10,000,000   

0.325%, 11/13/12

    12,000,000        12,000,000   

0.325%, 02/01/13

    10,000,000        10,000,000   

0.397%, 02/13/13

    20,000,000        20,000,000   

Sumitomo Trust & Banking Co., Ltd.
0.376%, 10/10/12

    30,000,000        30,000,000   

TD Bank Financial Group
0.325%, 03/18/13

    12,000,000        12,000,000   

Westpac Banking Corp
0.545%, 07/10/13 (b)

    15,000,000        15,000,000   
   

 

 

 

Total Certificate of Deposit
(Identified Cost $543,191,446)

      543,191,446   
   

 

 

 
U.S. Treasury & Government Agencies—19.8%   
Security Description   Par
Amount
    Value  

Federal Agencies—5.4%

  

Federal Home Loan Mortgage Corp.
0.234%, 11/02/12 (b)

  $ 15,000,000      $ 14,999,204   

0.356%, 01/24/13 (b)

    10,500,000        10,498,667   

0.396%, 09/03/13 (b)

    15,000,000        14,997,206   

0.230%, 09/13/13 (b)

    39,300,000        39,277,352   

Federal National Mortgage Association
0.273%, 12/20/12 (b)

    10,000,000        9,999,556   
   

 

 

 
    89,771,985   
   

 

 

 

U.S. Treasury—14.4%

  

U.S. Treasury Bills
0.118%, 10/18/12

    15,000,000        14,999,178   

0.132%, 11/29/12

    30,000,000        29,993,608   

0.086%, 12/27/12

    23,668,000        23,663,138   

0.137%, 03/07/13

    21,511,000        21,498,663   

0.142%, 03/21/13

    14,500,000        14,490,358   

0.145%, 05/02/13

    15,000,000        14,987,353   

U.S. Treasury Notes
0.157%, 10/31/12

    30,000,000        30,005,718   

0.122%, 11/30/12

    15,000,000        15,079,995   

0.213%, 02/15/13

    13,000,000        13,056,191   

0.177%, 03/31/13

    10,000,000        10,115,579   

0.208%, 04/15/13

    20,000,000        20,165,117   

0.196%, 05/15/13

    20,000,000        20,144,740   

0.143%, 06/30/13

    10,000,000        10,238,800   
   

 

 

 
      238,438,438   
   

 

 

 

Total U.S. Treasury & Government Agencies (Identified Cost $328,210,423)

      328,210,423   
   

 

 

 

Total Investments—98.7%
(Identified Cost $1,635,061,247) (c)

      1,635,061,247   

Other assets less liabilities

      20,697,116   
   

 

 

 
Net Assets—100.0%     $ 1,655,758,363   
   

 

 

 

 

(a) Rate shown reflects discount rate at the time of purchase unless otherwise noted.
(b) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2012.
(c) As of September 30, 2012, the aggregate cost of investments was $1,635,061,247.

 

MSF-57


Table of Contents

Metropolitan Series Fund

 

BlackRock Money Market Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Commercial Paper*

   $ —         $ 763,659,378       $ —         $ 763,659,378   

Total Certificate of Deposit*

     —           543,191,446         —           543,191,446   

Total U.S. Treasury & Government Agencies*

     —           328,210,423         —           328,210,423   

Total Investments

   $ —         $ 1,635,061,247       $ —         $ 1,635,061,247   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-58


Table of Contents

Metropolitan Series Fund

 

Davis Venture Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—95.5% of Net Assets

 

Security Description   Shares     Value  
   

Automobiles—0.4%

  

Harley-Davidson, Inc. (a)

    326,670      $ 13,841,008   
   

 

 

 

Beverages—3.6%

  

Diageo plc (ADR)

    457,788        51,606,441   

Heineken Holding NV (EUR)

    565,898        27,535,225   

The Coca-Cola Co.

    1,445,920        54,843,746   
   

 

 

 
      133,985,412   
   

 

 

 

Capital Markets—7.4%

  

Ameriprise Financial, Inc.

    194,936        11,050,922   

Julius Baer Group, Ltd. (CHF)

    1,313,435        45,801,460   

The Bank of New York Mellon Corp.

    7,913,894        179,012,282   

The Charles Schwab Corp. (a)

    1,713,813        21,919,668   

The Goldman Sachs Group, Inc. (a)

    159,860        18,172,885   
   

 

 

 
      275,957,217   
   

 

 

 

Chemicals—6.8%

  

Air Products & Chemicals, Inc.

    626,355        51,799,558   

Ecolab, Inc.

    541,398        35,088,004   

Monsanto Co.

    1,156,280        105,244,606   

Potash Corp. of Saskatchewan, Inc.

    700,088        30,397,821   

Praxair, Inc.

    272,425        28,299,509   
   

 

 

 
      250,829,498   
   

 

 

 

Commercial Banks—6.3%

  

Wells Fargo & Co.

    6,798,486        234,751,722   
   

 

 

 

Commercial Services & Supplies—1.1%

  

Iron Mountain, Inc.

    1,246,100        42,504,471   
   

 

 

 

Computers & Peripherals—0.4%

  

Hewlett-Packard Co. (a)

    775,940        13,237,536   
   

 

 

 

Construction Materials—0.3%

  

Martin Marietta Materials, Inc. (a)

    141,306        11,710,028   
   

 

 

 

Consumer Finance—5.9%

   

American Express Co.

    3,816,524        217,007,555   
   

 

 

 

Containers & Packaging—0.1%

  

Sealed Air Corp. (a)

    123,341        1,906,852   
   

 

 

 

Diversified Financial Services—1.0%

  

CME Group, Inc.

    150,425        8,619,353   

JPMorgan Chase & Co.

    705,832        28,572,079   
   

 

 

 
      37,191,432   
   

 

 

 
   

Electrical Equipment—0.4%

  

Emerson Electric Co.

    289,670        13,982,371   
   

 

 

 

Energy Equipment & Services—1.3%

  

Schlumberger, Ltd.

    365,240        26,417,809   

Transocean, Ltd.

    450,073        20,203,777   
   

 

 

 
      46,621,586   
   

 

 

 

Food & Staples Retailing—10.4%

  

Costco Wholesale Corp.

    1,305,060        130,669,132   

Food & Staples Retailing—(Continued)

  

CVS Caremark Corp.

    4,932,011      $ 238,807,973   

Sysco Corp. (a)

    394,030        12,321,318   

Walgreen Co.

    78,263        2,851,904   
   

 

 

 
      384,650,327   
   

 

 

 

Food Products—0.2%

  

Nestle S.A. (CHF)

    119,047        7,509,620   
   

 

 

 

Household Durables—0.1%

  

Hunter Douglas NV (EUR) (a)

    126,751        4,779,664   
   

 

 

 

Insurance—13.2%

  

ACE, Ltd.

    439,073        33,193,919   

Alleghany Corp. (b)

    151,075        52,111,810   

Berkshire Hathaway, Inc. (Class A) (a) (b)

    1,020        135,354,000   

Everest Re Group, Ltd.

    184,960        19,783,322   

Fairfax Financial Holdings, Ltd.

    57,545        22,260,132   

Fairfax Financial Holdings, Ltd. (144A) (CAD)

    17,220        6,651,359   

Loews Corp.

    2,719,737        112,216,349   

Markel Corp. (b)

    12,970        5,946,615   

The Progressive Corp. (a)

    4,847,271        100,532,400   
   

 

 

 
      488,049,906   
   

 

 

 

Internet & Catalog Retail—1.4%

  

Expedia, Inc.

    105,869        6,123,463   

Groupon, Inc. (a) (b)

    1,330,550        6,333,418   

Liberty Interactive Corp. (Series A) (b)

    1,012,550        18,732,175   

Liberty Ventures (Series A) (b)

    50,627        2,513,124   

Netflix, Inc. (a) (b)

    344,260        18,741,515   
   

 

 

 
      52,443,695   
   

 

 

 

Internet Software & Services—4.7%

  

Google, Inc. (Class A) (b)

    231,142        174,396,639   
   

 

 

 

IT Services—0.6%

  

Visa, Inc. (Class A)

    174,740        23,464,087   
   

 

 

 

Life Sciences Tools & Services—0.3%

  

Agilent Technologies, Inc.

    287,100        11,038,995   
   

 

 

 

Machinery—0.9%

  

PACCAR, Inc. (a)

    813,360        32,554,734   
   

 

 

 

Marine—1.1%

  

China Shipping Development Co., Ltd. (HKD) (a)

    1,980,500        818,239   

Kuehne & Nagel International AG (CHF)

    347,881        39,363,964   
   

 

 

 
      40,182,203   
   

 

 

 

Media—2.8%

  

Grupo Televisa S.A.B. (ADR)

    242,700        5,705,877   

The Walt Disney Co.

    1,894,250        99,031,390   
   

 

 

 
      104,737,267   
   

 

 

 

Metals & Mining—1.2%

  

BHP Billiton plc (GBP)

    703,422        21,967,119   

Rio Tinto plc (GBP)

    453,132        21,182,259   
   

 

 

 
      43,149,378   
   

 

 

 

 

MSF-59


Table of Contents

Metropolitan Series Fund

 

Davis Venture Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Oil, Gas & Consumable Fuels—7.9%

  

Canadian Natural Resources, Ltd. (a)

    3,295,570      $ 101,470,600   

China Coal Energy Co. (H Shares) (HKD) (a)

    1,313,400        1,192,079   

Devon Energy Corp.

    768,364        46,486,022   

EOG Resources, Inc.

    296,440        33,216,102   

Occidental Petroleum Corp.

    1,276,840        109,884,850   

OGX Petroleo e Gas Participacoes S.A. (BRL) (b)

    395,550        1,199,967   
   

 

 

 
      293,449,620   
   

 

 

 

Personal Products—0.2%

  

Natura Cosmeticos S.A. (BRL)

    219,600        5,984,906   
   

 

 

 

Pharmaceuticals—3.3%

  

Express Scripts Holding Co. (b)

    1,947,909        122,075,457   
   

 

 

 

Real Estate Management & Development—1.5%

  

Brookfield Asset Management, Inc. (a)

    673,806        23,253,045   

Hang Lung Group, Ltd. (HKD) (a)

    5,341,200        33,772,153   
   

 

 

 
      57,025,198   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.3%

  

Intel Corp.

    570,670        12,942,796   

Texas Instruments, Inc.

    1,316,693        36,274,892   
   

 

 

 
      49,217,688   
   

 

 

 

Software—2.6%

  

Activision Blizzard, Inc.

    1,953,615        22,036,777   

Microsoft Corp.

    1,293,750        38,527,875   

Oracle Corp.

    1,120,360        35,280,137   
   

 

 

 
      95,844,789   
   

 

 

 

Specialty Retail—4.6%

  

Bed Bath & Beyond, Inc. (b)

    2,056,682        129,570,966   

CarMax, Inc. (a) (b)

    1,070,327        30,290,254   

Tiffany & Co. (a)

    197,960        12,249,765   
   

 

 

 
      172,110,985   
   

 

 

 

Textiles, Apparel & Luxury Goods —0.1%

  

Cie Financiere Richemont S.A. (CHF)

    95,389        5,719,313   
   

 

 

 

Tobacco—0.7%

  

Philip Morris International, Inc.

    300,563        27,032,636   
   

 

 

 

Transportation Infrastructure—1.1%

  

China Merchants Holdings International Co., Ltd. (HKD) (a)

    12,748,606        39,199,138   
   

 

 

 

Wireless Telecommunication Services—0.3%

  

América Movil S.A.B. de C.V. (ADR)

    400,200        10,181,088   
   

 

 

 

Total Common Stock
(Identified Cost $2,821,926,565)

      3,538,324,021   
   

 

 

 
Rights—0.0%    
Security Description   Shares/Par
Amount
    Value  

Internet & Catalog Retail—0.0%

  

Liberty Ventures, expires 10/09/12 (b)

    16,876      $ 228,501   
   

 

 

 

Total Rights
(Identified Cost $196,495)

      228,501   
   

 

 

 
Convertible Bonds & Notes—0.0%   

Paper & Forest Products—0.0%

  

Sino-Forest Corp. (144A)
5.000%, 08/01/13 (c)

  $ 5,844,000        861,990   
   

 

 

 

Total Convertible Bonds & Notes
(Identified Cost $5,844,000)

      861,990   
   

 

 

 
Short Term Investments—8.0%   

Commercial Paper—4.4%

  

Bank of Tokyo Mitsubishi UFJ, Ltd.
0.130%, 10/05/12

    42,000,000        41,999,393   

0.160%, 10/03/12

    30,095,000        30,094,733   

Societe Generale North America, Inc. 0.180%, 10/01/12

    25,298,000        25,298,000   

Sumitomo Trust & Banking Co., Ltd.
0.150%, 10/01/12

    39,630,000        39,630,000   

0.150%, 10/02/12

    26,588,000        26,587,889   
   

 

 

 
      163,610,015   
   

 

 

 

Mutual Funds—3.6%

  

State Street Navigator Securities Lending Prime Portfolio (d)

    130,978,735        130,978,735   
   

 

 

 

Total Short Term Investments
(Identified Cost $294,588,750)

      294,588,750   
   

 

 

 

Total Investments—103.5%
(Identified Cost $3,122,555,810) (e)

      3,834,003,262   

Liabilities in excess of other assets

      (128,135,953
   

 

 

 
Net Assets—100.0%     $ 3,705,867,309   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $126,632,643 and the collateral received consisted of cash in the amount of $130,978,735. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.
(c) Non-Income Producing; Defaulted Bond.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of September 30, 2012, the aggregate cost of investments was $3,122,555,810. The aggregate unrealized appreciation and depreciation of investments was $817,011,641 and $(105,564,189), respectively, resulting in net unrealized appreciation of $711,447,452.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2012, the market value of 144A securities was $7,513,349, which is 0.2% of net assets.

 

MSF-60


Table of Contents

Metropolitan Series Fund

 

Davis Venture Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(BRL)— Brazilian Real
(CAD)— Canadian Dollar
(CHF)— Swiss Franc
(EUR)— Euro
(GBP)— British Pound
(HKD)— Hong Kong Dollar

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Automobiles

   $ 13,841,008       $ —         $ —         $ 13,841,008   

Beverages

     106,450,187         27,535,225         —           133,985,412   

Capital Markets

     230,155,757         45,801,460         —           275,957,217   

Chemicals

     250,829,498         —           —           250,829,498   

Commercial Banks

     234,751,722         —           —           234,751,722   

Commercial Services & Supplies

     42,504,471         —           —           42,504,471   

Computers & Peripherals

     13,237,536         —           —           13,237,536   

Construction Materials

     11,710,028         —           —           11,710,028   

Consumer Finance

     217,007,555         —           —           217,007,555   

Containers & Packaging

     1,906,852         —           —           1,906,852   

Diversified Financial Services

     37,191,432         —           —           37,191,432   

Electrical Equipment

     13,982,371         —           —           13,982,371   

Energy Equipment & Services

     46,621,586         —           —           46,621,586   

Food & Staples Retailing

     384,650,327         —           —           384,650,327   

Food Products

     —           7,509,620         —           7,509,620   

Household Durables

     —           4,779,664         —           4,779,664   

Insurance

     488,049,906         —           —           488,049,906   

Internet & Catalog Retail

     52,443,695         —           —           52,443,695   

Internet Software & Services

     174,396,639         —           —           174,396,639   

IT Services

     23,464,087         —           —           23,464,087   

Life Sciences Tools & Services

     11,038,995         —           —           11,038,995   

Machinery

     32,554,734         —           —           32,554,734   

Marine

     —           40,182,203         —           40,182,203   

Media

     104,737,267         —           —           104,737,267   

Metals & Mining

     —           43,149,378         —           43,149,378   

Oil, Gas & Consumable Fuels

     292,257,541         1,192,079         —           293,449,620   

Personal Products

     5,984,906         —           —           5,984,906   

 

MSF-61


Table of Contents

Metropolitan Series Fund

 

Davis Venture Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Pharmaceuticals

   $ 122,075,457       $ —         $ —         $ 122,075,457   

Real Estate Management & Development

     23,253,045         33,772,153         —           57,025,198   

Semiconductors & Semiconductor Equipment

     49,217,688         —           —           49,217,688   

Software

     95,844,789         —           —           95,844,789   

Specialty Retail

     172,110,985         —           —           172,110,985   

Textiles, Apparel & Luxury Goods

     —           5,719,313         —           5,719,313   

Tobacco

     27,032,636         —           —           27,032,636   

Transportation Infrastructure

     —           39,199,138         —           39,199,138   

Wireless Telecommunication Services

     10,181,088         —           —           10,181,088   

Total Common Stock

     3,289,483,788         248,840,233         —           3,538,324,021   

Total Convertible Bonds & Notes

     —           861,990         —           861,990   

Total Rights

     228,501         —           —           228,501   
Short Term Investments            

Commercial Paper

     —           163,610,015         —           163,610,015   

Mutual Funds

     130,978,735         —           —           130,978,735   

Total Short Term Investments

     130,978,735         163,610,015         —           294,588,750   

Total Investments

   $ 3,420,691,024       $ 413,312,238       $ —         $ 3,834,003,262   
                                     

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

      Common
Stock
 

Balance as of December 31, 2011

   $ 1,820,829   

Transfers Into Level 3

     0   

Transfers Out of Level 3

     0   

Accrued discounts/premiums

     0   

Realized Loss

     (41,734,297

Change in unrealized depreciation

     39,913,468   

Security Purchases

     0   

Security Sales

     0   

Balance as of September 30, 2012

   $ 0   

 

MSF-62


Table of Contents

Metropolitan Series Fund

 

FI Value Leaders Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—99.8% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—2.4%

  

Alliant Techsystems, Inc.

    38,510      $ 1,929,736   

Precision Castparts Corp.

    11,360        1,855,543   

United Technologies Corp.

    75,280        5,893,671   
   

 

 

 
      9,678,950   
   

 

 

 

Auto Components—0.5%

  

Delphi Automotive plc (a)

    68,600        2,126,600   
   

 

 

 

Biotechnology—0.8%

  

Amgen, Inc.

    37,130        3,130,802   
   

 

 

 

Capital Markets—3.6%

  

BlackRock, Inc.

    22,640        4,036,712   

Invesco, Ltd.

    202,100        5,050,479   

The Bank of New York Mellon Corp.

    246,250        5,570,175   
   

 

 

 
      14,657,366   
   

 

 

 

Chemicals—3.4%

  

Ashland, Inc.

    59,360        4,250,176   

CF Industries Holdings, Inc.

    11,520        2,560,205   

LyondellBasell Industries NV

    71,800        3,709,188   

The Mosaic Co.

    60,670        3,495,198   
   

 

 

 
      14,014,767   
   

 

 

 

Commercial Banks—6.4%

  

Huntington Bancshares, Inc.

    344,010        2,373,669   

PNC Financial Services Group, Inc.

    79,510        5,017,081   

SunTrust Banks, Inc.

    109,150        3,085,670   

Synovus Financial Corp.

    972,980        2,305,963   

Wells Fargo & Co.

    391,160        13,506,755   
   

 

 

 
      26,289,138   
   

 

 

 

Communications Equipment—2.8%

  

Cisco Systems, Inc.

    444,080        8,477,487   

QUALCOMM, Inc.

    51,130        3,195,114   
   

 

 

 
      11,672,601   
   

 

 

 

Computers & Peripherals—2.6%

  

Apple, Inc.

    7,990        5,331,408   

Hewlett-Packard Co.

    304,320        5,191,699   
   

 

 

 
      10,523,107   
   

 

 

 

Consumer Finance—2.4%

  

Capital One Financial Corp.

    119,030        6,785,901   

SLM Corp.

    191,660        3,012,895   
   

 

 

 
      9,798,796   
   

 

 

 

Containers & Packaging—0.4%

  

Rock-Tenn Co.

    22,720        1,639,930   
   

 

 

 

Diversified Financial Services—7.7%

  

Citigroup, Inc.

    297,726        9,741,595   

Interactive Brokers Group, Inc. (b)

    138,260        1,938,405   

JPMorgan Chase & Co.

    398,348        16,125,127   

The NASDAQ OMX Group, Inc.

    164,640        3,835,289   
   

 

 

 
      31,640,416   
   

 

 

 

Diversified Telecommunication Services—3.0%

  

AT&T, Inc.

    130,310      $ 4,912,687   

CenturyLink, Inc. (b)

    117,183        4,734,193   

Frontier Communications Corp. (b)

    566,710        2,776,879   
   

 

 

 
      12,423,759   
   

 

 

 

Electric Utilities—2.8%

  

Edison International

    79,450        3,630,070   

FirstEnergy Corp.

    97,800        4,312,980   

NextEra Energy, Inc.

    51,460        3,619,182   
   

 

 

 
      11,562,232   
   

 

 

 

Electronic Equipment, Instruments & Components—1.4%

  

Arrow Electronics, Inc. (a)

    67,440        2,273,402   

Corning, Inc.

    272,420        3,582,323   
   

 

 

 
      5,855,725   
   

 

 

 

Energy Equipment & Services—0.7%

  

Halliburton Co.

    87,410        2,944,843   
   

 

 

 

Food & Staples Retailing—2.1%

  

CVS Caremark Corp.

    180,460        8,737,873   
   

 

 

 

Food Products—3.2%

  

Ingredion, Inc.

    37,540        2,070,706   

Mondelez International, Inc.

    206,270        8,529,265   

Tyson Foods, Inc.

    166,670        2,670,053   
   

 

 

 
      13,270,024   
   

 

 

 

Health Care Equipment & Supplies—1.3%

  

Stryker Corp.

    45,290        2,520,841   

Varian Medical Systems, Inc. (a) (b)

    43,580        2,628,746   
   

 

 

 
      5,149,587   
   

 

 

 

Health Care Providers & Services—3.1%

  

Aetna, Inc.

    101,930        4,036,428   

Universal Health Services, Inc. (Class B)

    75,160        3,437,067   

WellPoint, Inc. (b)

    92,190        5,347,942   
   

 

 

 
      12,821,437   
   

 

 

 

Household Products—0.9%

  

The Procter & Gamble Co.

    51,580        3,577,589   
   

 

 

 

Independent Power Producers & Energy Traders—1.5%

  

NRG Energy, Inc. (a)

    121,700        2,603,163   

The AES Corp.

    315,880        3,465,204   
   

 

 

 
      6,068,367   
   

 

 

 

Industrial Conglomerates—2.2%

  

Danaher Corp.

    82,870        4,570,281   

General Electric Co.

    189,920        4,313,083   
   

 

 

 
      8,883,364   
   

 

 

 

Insurance—5.8%

  

Berkshire Hathaway, Inc. (Class B) (a)

    146,080        12,884,256   

Hartford Financial Services Group, Inc. (b)

    138,300        2,688,552   

Loews Corp.

    72,920        3,008,679   

 

MSF-63


Table of Contents

Metropolitan Series Fund

 

FI Value Leaders Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Insurance—(Continued)

  

Prudential Financial, Inc.

    97,960      $ 5,339,800   
   

 

 

 
      23,921,287   
   

 

 

 

IT Services—0.5%

  

Global Payments, Inc.

    47,080        1,969,356   
   

 

 

 

Leisure Equipment & Products—0.5%

  

Hasbro, Inc. (b)

    55,310        2,111,183   
   

 

 

 

Life Sciences Tools & Services—0.4%

  

Charles River Laboratories International, Inc. (a)

    43,470        1,721,412   
   

 

 

 

Machinery—2.8%

  

Cummins, Inc.

    46,300        4,269,323   

Dover Corp. (b)

    61,560        3,662,204   

Ingersoll-Rand plc

    75,500        3,383,910   
   

 

 

 
      11,315,437   
   

 

 

 

Media—3.6%

  

DIRECTV (a)

    78,480        4,117,061   

Time Warner, Inc.

    146,110        6,623,166   

Viacom, Inc. (Class B)

    76,860        4,118,927   
   

 

 

 
      14,859,154   
   

 

 

 

Multi-Utilities—1.0%

  

PG&E Corp.

    93,500        3,989,645   
   

 

 

 

Multiline Retail—1.3%

  

Target Corp.

    81,690        5,184,864   
   

 

 

 

Oil, Gas & Consumable Fuels—16.3%

  

Apache Corp.

    83,370        7,209,004   

Chevron Corp.

    139,220        16,227,483   

Denbury Resources, Inc. (a)

    247,880        4,005,741   

Exxon Mobil Corp.

    148,810        13,608,674   

Marathon Petroleum Corp.

    78,825        4,303,057   

Occidental Petroleum Corp.

    127,510        10,973,511   

Phillips 66

    93,090        4,316,583   

Royal Dutch Shell plc (ADR) (Class A)

    56,800        3,942,488   

World Fuel Services Corp. (b)

    61,220        2,180,044   
   

 

 

 
      66,766,585   
   

 

 

 

Pharmaceuticals—5.2%

  

Express Scripts Holding Co. (a)

    45,170        2,830,804   

Pfizer, Inc.

    598,730        14,878,440   

Roche Holding AG (ADR)

    74,700        3,510,153   
   

 

 

 
      21,219,397   
   

 

 

 

Professional Services—0.5%

  

Manpower, Inc.

    59,500        2,189,600   
   

 

 

 

Real Estate Investment Trusts—1.1%

  

American Tower Corp.

    32,790        2,340,878   

MFA Financial, Inc. (b)

    238,210        2,024,785   
   

 

 

 
      4,365,663   
   

 

 

 
Security Description   Shares/Par
Amount
    Value  

Real Estate Management & Development—0.5%

  

CBRE Group, Inc. (a)

    102,300      $ 1,883,343   
   

 

 

 

Road & Rail—0.7%

  

Union Pacific Corp.

    26,100        3,098,070   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.9%

  

Broadcom Corp.

    109,450        3,784,781   
   

 

 

 

Specialty Retail—1.6%

   

Lowe’s Cos., Inc.

    223,010        6,743,822   
   

 

 

 

Tobacco—0.8%

   

Philip Morris International, Inc.

    35,140        3,160,492   
   

 

 

 

Wireless Telecommunication Services—1.1%

  

NII Holdings, Inc. (a) (b)

    241,340        1,894,519   

SBA Communications Corp. (a) (b)

    42,890        2,697,781   
   

 

 

 
      4,592,300   
   

 

 

 

Total Common Stock
(Identified Cost $370,790,266)

      409,343,664   
   

 

 

 
Short Term Investments—6.8%   

Mutual Funds—6.5%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    26,636,947        26,636,947   
   

 

 

 

Repurchase Agreement—0.3%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $1,229,001 on 10/01/12, collateralized by $1,225,000 Federal Home Loan Mortgage Corp. 3.000% due 07/10/19 with a value of $1,258,688.

  $ 1,229,000        1,229,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $27,865,947)

      27,865,947   
   

 

 

 

Total Investments—106.6%
(Identified Cost $398,656,213) (d)

      437,209,611   

Liabilities in excess of other assets

      (27,066,113
   

 

 

 
Net Assets—100.0%     $ 410,143,498   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $25,906,199 and the collateral received consisted of cash in the amount of $26,636,947. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $398,656,213. The aggregate unrealized appreciation and depreciation of investments was $49,473,214 and $(10,919,816), respectively, resulting in net unrealized appreciation of $38,553,398.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

MSF-64


Table of Contents

Metropolitan Series Fund

 

FI Value Leaders Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 409,343,664       $ —         $ —         $ 409,343,664   
Short Term Investments            

Mutual Funds

     26,636,947         —           —           26,636,947   

Repurchase Agreement

     —           1,229,000         —           1,229,000   

Total Short Term Investments

     26,636,947         1,229,000         —           27,865,947   

Total Investments

   $ 435,980,611       $ 1,229,000       $ —         $ 437,209,611   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-65


Table of Contents

Metropolitan Series Fund

 

Jennison Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—99.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—5.0%

  

Precision Castparts Corp.

    337,031      $ 55,050,644   

The Boeing Co.

    437,292        30,444,269   

United Technologies Corp.

    415,443        32,525,032   
   

 

 

 
      118,019,945   
   

 

 

 

Auto Components—0.9%

  

BorgWarner, Inc. (a) (b)

    315,463        21,801,648   
   

 

 

 

Biotechnology—4.5%

  

Alexion Pharmaceuticals, Inc. (b)

    301,448        34,485,651   

Biogen Idec, Inc. (b)

    171,944        25,659,203   

Gilead Sciences, Inc. (b)

    182,587        12,110,996   

Vertex Pharmaceuticals, Inc. (b)

    621,297        34,761,567   
   

 

 

 
      107,017,417   
   

 

 

 

Capital Markets—2.3%

  

Morgan Stanley

    1,336,733        22,376,911   

The Goldman Sachs Group, Inc.

    280,202        31,853,363   
   

 

 

 
      54,230,274   
   

 

 

 

Chemicals—2.1%

  

Monsanto Co.

    545,661        49,666,064   
   

 

 

 

Communications Equipment—1.0%

  

QUALCOMM, Inc.

    374,126        23,379,134   
   

 

 

 

Computers & Peripherals—9.9%

  

Apple, Inc.

    254,558        169,856,371   

EMC Corp. (b)

    1,906,833        51,999,336   

NetApp, Inc. (b)

    328,501        10,801,113   
   

 

 

 
      232,656,820   
   

 

 

 

Consumer Finance—0.9%

  

American Express Co.

    373,185        21,219,299   
   

 

 

 

Electrical Equipment—0.7%

  

Roper Industries, Inc.

    145,375        15,975,259   
   

 

 

 

Energy Equipment & Services—1.5%

  

National Oilwell Varco, Inc.

    440,924        35,322,422   
   

 

 

 

Food & Staples Retailing—4.0%

  

Costco Wholesale Corp.

    501,623        50,225,003   

Whole Foods Market, Inc.

    449,595        43,790,553   
   

 

 

 
      94,015,556   
   

 

 

 
   

Food Products—1.6%

  

Mead Johnson Nutrition Co.

    348,738        25,555,520   

Mondelez International, Inc.

    454,469        12,066,152   
   

 

 

 
      37,621,672   
   

 

 

 

Health Care Providers & Services—1.3%

  

UnitedHealth Group, Inc.

    546,723        30,293,921   
   

 

 

 

Hotels, Restaurants & Leisure—5.1%

  

Chipotle Mexican Grill, Inc. (b)

    93,823        29,792,555   

Dunkin’ Brands Group, Inc. (a)

    741,063        21,635,334   

Hotels, Restaurants & Leisure—(Continued)

  

Panera Bread Co. (b)

    72,932      $ 12,463,350   

Starbucks Corp.

    418,071        21,217,103   

Yum! Brands, Inc.

    517,602        34,337,717   
   

 

 

 
      119,446,059   
   

 

 

 

Internet & Catalog Retail—4.4%

  

Amazon.com, Inc. (b)

    280,420        71,316,414   

priceline.com, Inc. (b)

    51,761        32,026,084   
   

 

 

 
      103,342,498   
   

 

 

 

Internet Software & Services—8.6%

  

Baidu, Inc. (ADR) (b)

    292,111        34,124,407   

Facebook, Inc. (b)

    628,233        13,601,244   

Google, Inc. (Class A) (b)

    100,498        75,825,741   

LinkedIn Corp. (b)

    296,989        35,757,476   

Rackspace Hosting, Inc. (a) (b)

    307,050        20,292,934   

Tencent Holdings, Ltd. (HKD) (a)

    612,940        20,830,570   

Youku.com, Inc. (ADR) (b)

    91,745        1,687,191   
   

 

 

 
      202,119,563   
   

 

 

 

IT Services—6.8%

  

International Business Machines Corp.

    255,989        53,104,918   

MasterCard, Inc.

    144,304        65,150,370   

Teradata Corp. (b)

    158,064        11,919,606   

Visa, Inc. (Class A)

    216,910        29,126,675   
   

 

 

 
      159,301,569   
   

 

 

 

Life Sciences Tools & Services—1.3%

  

Agilent Technologies, Inc.

    800,618        30,783,762   
   

 

 

 

Media—1.4%

  

The Walt Disney Co.

    623,542        32,598,776   
   

 

 

 

Multiline Retail—0.4%

  

Family Dollar Stores, Inc.

    128,363        8,510,467   
   

 

 

 
   

Oil, Gas & Consumable Fuels—2.9%

  

Concho Resources, Inc. (b)

    355,466        33,680,404   

Occidental Petroleum Corp.

    392,021        33,737,327   
   

 

 

 
      67,417,731   
   

 

 

 

Personal Products—1.6%

  

The Estee Lauder Cos., Inc.

    624,149        38,428,854   
   

 

 

 

Pharmaceuticals—8.9%

  

Allergan, Inc.

    378,305        34,645,172   

Bristol-Myers Squibb Co.

    872,764        29,455,785   

Express Scripts Holding Co. (b)

    731,538        45,845,486   

Novo Nordisk A/S (ADR)

    258,797        40,840,755   

Perrigo Co. (a)

    181,083        21,036,412   

Shire plc (ADR)

    436,843        38,747,974   
   

 

 

 
      210,571,584   
   

 

 

 

Real Estate Investment Trusts—2.0%

  

American Tower Corp.

    661,359        47,214,419   
   

 

 

 

 

MSF-66


Table of Contents

Metropolitan Series Fund

 

Jennison Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Road & Rail—1.6%

  

Union Pacific Corp.

    310,660      $ 36,875,342   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.6%

  

ARM Holdings plc (ADR) (a)

    595,020        16,648,660   

Avago Technologies, Ltd.

    615,440        21,457,315   
   

 

 

 
      38,105,975   
   

 

 

 

Software—5.7%

  

Intuit, Inc.

    382,712        22,534,083   

Red Hat, Inc. (b)

    611,074        34,794,554   

Salesforce.com, Inc. (a) (b)

    255,402        38,997,331   

Splunk, Inc. (a) (b)

    63,464        2,330,398   

VMware, Inc. (b)

    380,123        36,773,099   
   

 

 

 
      135,429,465   
   

 

 

 

Specialty Retail—3.5%

  

Inditex S.A. (EUR)

    352,101        43,711,859   

TJX Cos., Inc.

    840,028        37,624,854   
   

 

 

 
      81,336,713   
   

 

 

 

Textiles, Apparel & Luxury Goods—6.7%

  

Burberry Group plc (ADR)

    381,374        12,379,400   

Coach, Inc.

    535,107        29,976,694   

Lululemon Athletica, Inc. (a) (b)

    451,027        33,348,936   

Nike, Inc.

    480,464        45,600,838   
   

Ralph Lauren Corp.

    240,072        36,306,089   
   

 

 

 
      157,611,957   
   

 

 

 

Wireless Telecommunication Services—1.0%

  

Crown Castle International Corp. (b)

    359,538        23,046,386   
   

 

 

 

Total Common Stock
(Identified Cost $1,837,544,651)

      2,333,360,551   
   

 

 

 
Short Term Investments—5.9%   

Mutual Funds—4.6%

  

State Street Navigator Securities Lending Prime Portfolio (c)

    107,912,279        107,912,279   
   

 

 

 

Repurchase Agreement—1.3%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 to be repurchased at $31,479,026 on 10/01/12, collateralized by $30,520,000 U.S. Treasury Note 2.375% due 02/28/15 with a value of $32,111,618.

  $ 31,479,000      $ 31,479,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $139,391,279)

      139,391,279   
   

 

 

 

Total Investments—105.1%
(Identified Cost $1,976,935,930) (d)

      2,472,751,830   

Liabilities in excess of other assets

      (120,005,508
   

 

 

 
Net Assets—100.0%     $ 2,352,746,322   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $105,471,741 and the collateral received consisted of cash in the amount of $107,912,279. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $1,976,935,930. The aggregate unrealized appreciation and depreciation of investments was $527,404,756 and $(31,588,856), respectively, resulting in net unrealized appreciation of $495,815,900.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(EUR)— Euro
(HKD)— Hong Kong Dollar

 

MSF-67


Table of Contents

Metropolitan Series Fund

 

Jennison Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Aerospace & Defense

   $ 118,019,945       $ —         $ —         $ 118,019,945   

Auto Components

     21,801,648         —           —           21,801,648   

Biotechnology

     107,017,417         —           —           107,017,417   

Capital Markets

     54,230,274         —           —           54,230,274   

Chemicals

     49,666,064         —           —           49,666,064   

Communications Equipment

     23,379,134         —           —           23,379,134   

Computers & Peripherals

     232,656,820         —           —           232,656,820   

Consumer Finance

     21,219,299         —           —           21,219,299   

Electrical Equipment

     15,975,259         —           —           15,975,259   

Energy Equipment & Services

     35,322,422         —           —           35,322,422   

Food & Staples Retailing

     94,015,556         —           —           94,015,556   

Food Products

     37,621,672         —           —           37,621,672   

Health Care Providers & Services

     30,293,921         —           —           30,293,921   

Hotels, Restaurants & Leisure

     119,446,059         —           —           119,446,059   

Internet & Catalog Retail

     103,342,498         —           —           103,342,498   

Internet Software & Services

     181,288,993         20,830,570         —           202,119,563   

IT Services

     159,301,569         —           —           159,301,569   

Life Sciences Tools & Services

     30,783,762         —           —           30,783,762   

Media

     32,598,776         —           —           32,598,776   

Multiline Retail

     8,510,467         —           —           8,510,467   

Oil, Gas & Consumable Fuels

     67,417,731         —           —           67,417,731   

Personal Products

     38,428,854         —           —           38,428,854   

Pharmaceuticals

     210,571,584         —           —           210,571,584   

Real Estate Investment Trusts

     47,214,419         —           —           47,214,419   

Road & Rail

     36,875,342         —           —           36,875,342   

Semiconductors & Semiconductor Equipment

     38,105,975         —           —           38,105,975   

Software

     135,429,465         —           —           135,429,465   

Specialty Retail

     37,624,854         43,711,859         —           81,336,713   

Textiles, Apparel & Luxury Goods

     157,611,957         —           —           157,611,957   

Wireless Telecommunication Services

     23,046,386         —           —           23,046,386   

Total Common Stock

     2,268,818,122         64,542,429         —           2,333,360,551   
Short Term Investments            

Mutual Funds

     107,912,279         —           —           107,912,279   

Repurchase Agreement

     —           31,479,000         —           31,479,000   

Total Short Term Investments

     107,912,279         31,479,000         —           139,391,279   

Total Investments

   $ 2,376,730,401       $ 96,021,429       $ —         $ 2,472,751,830   
                                     

 

MSF-68


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—97.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.9%

  

Hexcel Corp. (a) (b)

    70,744      $ 1,699,271   

Triumph Group, Inc.

    29,451        1,841,571   
   

 

 

 
      3,540,842   
   

 

 

 

Airlines—0.2%

  

Spirit Airlines, Inc. (b)

    38,693        660,876   
   

 

 

 

Auto Components—0.7%

  

Dana Holding Corp. (a)

    130,227        1,601,792   

Tenneco, Inc. (a) (b)

    42,211        1,181,908   
   

 

 

 
      2,783,700   
   

 

 

 

Biotechnology—2.5%

  

Aegerion Pharmaceuticals, Inc. (a) (b)

    52,205        773,678   

Alkermes plc (a) (b)

    99,054        2,055,371   

Cubist Pharmaceuticals, Inc. (a) (b)

    37,449        1,785,568   

Exact Sciences Corp. (a) (b)

    113,380        1,248,314   

Genomic Health, Inc. (a) (b)

    33,313        1,155,628   

Myriad Genetics, Inc. (b)

    39,566        1,067,886   

Neurocrine Biosciences, Inc. (b)

    130,995        1,045,340   

Seattle Genetics, Inc. (a) (b)

    44,292        1,193,670   
   

 

 

 
      10,325,455   
   

 

 

 

Building Products—0.5%

  

Armstrong World Industries, Inc. (a) (b)

    33,748        1,564,895   

NCI Building Systems, Inc. (a) (b)

    40,394        405,152   
   

 

 

 
      1,970,047   
   

 

 

 

Capital Markets—2.5%

  

Ares Capital Corp.

    127,615        2,187,321   

Fifth Street Finance Corp. (a)

    184,048        2,020,847   

Financial Engines, Inc. (a) (b)

    86,096        2,051,668   

Stifel Financial Corp. (a) (b)

    114,125        3,834,600   
   

 

 

 
      10,094,436   
   

 

 

 

Chemicals—2.2%

  

Cabot Corp.

    31,150        1,139,156   

Flotek Industries, Inc. (a) (b)

    151,329        1,917,338   

Koppers Holdings, Inc.

    27,209        950,410   

Minerals Technologies, Inc. (a)

    23,670        1,678,913   

Olin Corp. (a)

    68,201        1,482,008   

W.R. Grace & Co. (b)

    20,679        1,221,715   

Zep, Inc. (a)

    52,449        793,029   
   

 

 

 
      9,182,569   
   

 

 

 

Commercial Banks—7.6%

  

BancorpSouth, Inc.

    141,944        2,092,255   

Bank of the Ozarks, Inc. (a)

    31,599        1,089,217   

Boston Private Financial Holdings, Inc. (a)

    164,074        1,573,470   

Cathay General Bancorp (a)

    151,143        2,608,728   

City National Corp. (a)

    42,911        2,210,346   

CVB Financial Corp. (a)

    135,149        1,613,679   

First Financial Bancorp (a)

    131,427        2,222,431   

First Financial Bankshares, Inc. (a)

    34,376        1,238,567   

Iberiabank Corp.

    38,629        1,769,208   

Pinnacle Financial Partners, Inc. (a) (b)

    59,814        1,155,606   

Popular, Inc. (a) (b)

    62,964        1,097,462   

Commercial Banks—(Continued)

  

Prosperity Bancshares, Inc. (a)

    44,806      $ 1,909,632   

Signature Bank (a) (b)

    64,530        4,328,672   

SVB Financial Group (b)

    27,447        1,659,446   

Texas Capital Bancshares, Inc. (a) (b)

    41,121        2,044,125   

Wintrust Financial Corp. (a)

    64,603        2,427,135   
   

 

 

 
      31,039,979   
   

 

 

 

Commercial Services & Supplies—2.3%

  

ACCO Brands Corp. (a) (b)

    145,528        944,477   

KAR Auction Services, Inc. (a) (b)

    125,553        2,478,416   

McGrath Rentcorp (a)

    35,716        931,830   

Rollins, Inc. (a)

    106,037        2,480,205   

Team, Inc. (a) (b)

    31,459        1,001,969   

The Brink’s Co.

    12,052        309,616   

Waste Connections, Inc. (a)

    44,866        1,357,197   
   

 

 

 
      9,503,710   
   

 

 

 

Communications Equipment—2.0%

  

Brocade Communications Systems, Inc. (b)

    199,206        1,178,303   

Ciena Corp. (a) (b)

    109,466        1,488,738   

Harmonic, Inc. (a) (b)

    159,089        722,264   

Ixia (b)

    75,389        1,211,501   

NETGEAR, Inc. (a) (b)

    53,285        2,032,290   

Procera Networks, Inc. (a) (b)

    59,391        1,395,689   
   

 

 

 
      8,028,785   
   

 

 

 

Computers & Peripherals—0.2%

  

QLogic Corp. (b)

    62,071        708,851   
   

 

 

 

Construction & Engineering—0.9%

  

MasTec, Inc. (a) (b)

    69,943        1,377,877   

MYR Group, Inc. (a) (b)

    68,335        1,363,283   

Primoris Services Corp. (a)

    58,759        766,805   
   

 

 

 
      3,507,965   
   

 

 

 

Consumer Finance—0.8%

  

Cash America International, Inc. (a)

    23,113        891,469   

DFC Global Corp. (a) (b)

    132,741        2,276,508   
   

 

 

 
      3,167,977   
   

 

 

 

Distributors—0.7%

  

Core-Mark Holding Co., Inc. (a)

    26,618        1,280,592   

Pool Corp.

    40,184        1,670,851   
   

 

 

 
      2,951,443   
   

 

 

 

Diversified Consumer Services—0.4%

  

Grand Canyon Education, Inc. (a) (b)

    70,115        1,649,806   
   

 

 

 

Diversified Financial Services—0.7%

  

MarketAxess Holdings, Inc.

    96,827        3,059,733   
   

 

 

 

Electric Utilities—1.5%

  

Allete, Inc. (a)

    53,122        2,217,312   

ITC Holdings Corp. (a)

    20,112        1,520,065   

UIL Holdings Corp. (a)

    64,933        2,328,498   
   

 

 

 
      6,065,875   
   

 

 

 

 

MSF-69


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Electrical Equipment—2.6%

  

AZZ, Inc.

    68,869      $ 2,615,645   

Belden, Inc. (a)

    31,424        1,158,917   

EnerSys (b)

    31,886        1,125,257   

General Cable Corp. (a) (b)

    51,415        1,510,573   

Global Power Equipment Group, Inc. (a)

    35,735        660,740   

II-VI, Inc. (a) (b)

    87,021        1,655,139   

Thermon Group Holdings, Inc. (b)

    72,711        1,817,048   
   

 

 

 
      10,543,319   
   

 

 

 

Electronic Equipment, Instruments & Components—3.7%

  

Cognex Corp.

    34,157        1,181,149   

FARO Technologies, Inc. (a) (b)

    22,039        910,652   

FEI Co.

    18,087        967,655   

GSI Group, Inc. (a) (b)

    84,911        756,557   

IPG Photonics Corp. (a) (b)

    30,734        1,761,058   

Littelfuse, Inc. (a)

    37,600        2,125,904   

Measurement Specialties, Inc. (a) (b)

    40,883        1,348,321   

Methode Electronics, Inc. (a)

    81,563        791,977   

OSI Systems, Inc. (b)

    15,110        1,176,162   

Rogers Corp. (a) (b)

    36,336        1,539,193   

Scansource, Inc. (b)

    39,220        1,255,824   

Vishay Intertechnology, Inc. (a) (b)

    135,003        1,327,080   
   

 

 

 
      15,141,532   
   

 

 

 

Energy Equipment & Services—2.7%

  

Dril-Quip, Inc. (a) (b)

    21,611        1,553,399   

Forum Energy Technologies, Inc. (a) (b)

    65,726        1,598,456   

Helix Energy Solutions Group, Inc. (a) (b)

    68,394        1,249,559   

Lufkin Industries, Inc. (a)

    62,761        3,377,797   

Oceaneering International, Inc.

    59,813        3,304,668   
   

 

 

 
      11,083,879   
   

 

 

 

Food & Staples Retailing—1.2%

  

Casey’s General Stores, Inc. (a)

    15,463        883,556   

Spartan Stores, Inc. (a)

    85,904        1,315,190   

Susser Holdings Corp. (b)

    40,649        1,470,274   

The Fresh Market, Inc. (b)

    22,333        1,339,534   
   

 

 

 
      5,008,554   
   

 

 

 

Food Products—1.2%

  

Darling International, Inc. (a) (b)

    81,718        1,494,622   

Ingredion, Inc.

    35,581        1,962,648   

J&J Snack Foods Corp. (a)

    23,015        1,319,450   
   

 

 

 
      4,776,720   
   

 

 

 

Gas Utilities—0.5%

  

UGI Corp.

    69,165        2,195,989   
   

 

 

 

Health Care Equipment & Supplies—4.7%

  

Abaxis, Inc. (a) (b)

    47,524        1,707,062   

ABIOMED, Inc. (a) (b)

    56,541        1,186,795   

Align Technology, Inc. (a) (b)

    57,240        2,116,163   

Conceptus, Inc. (a) (b)

    83,262        1,691,051   

Cyberonics, Inc. (a) (b)

    36,262        1,900,854   

Endologix, Inc. (a) (b)

    86,980        1,202,064   

ICU Medical, Inc. (b)

    18,210        1,101,341   

Insulet Corp. (a) (b)

    75,231        1,623,485   

Health Care Equipment & Supplies—(Continued)

  

NuVasive, Inc. (a) (b)

    68,428      $ 1,567,685   

NxStage Medical, Inc. (a) (b)

    65,938        871,041   

SurModics, Inc. (b)

    36,840        744,905   

Teleflex, Inc. (a)

    26,766        1,842,571   

Volcano Corp. (a) (b)

    57,480        1,642,204   
   

 

 

 
      19,197,221   
   

 

 

 

Health Care Providers & Services—2.7%

  

Bio-Reference Labs, Inc. (a) (b)

    65,236        1,864,445   

Hanger Orthopedic Group, Inc. (a) (b)

    117,830        3,361,690   

Mednax, Inc. (a) (b)

    28,221        2,101,053   

Team Health Holdings, Inc. (a) (b)

    66,393        1,801,242   

WellCare Health Plans, Inc. (a) (b)

    33,714        1,906,527   
   

 

 

 
      11,034,957   
   

 

 

 

Health Care Technology—0.3%

  

MedAssets, Inc. (b)

    60,473        1,076,419   
   

 

 

 

Hotels, Restaurants & Leisure—4.4%

  

Churchill Downs, Inc. (a)

    30,391        1,906,123   

Cracker Barrel Old Country Store, Inc. (a)

    29,124        1,954,512   

Life Time Fitness, Inc. (a) (b)

    43,817        2,004,189   

Marriott Vacations Worldwide Corp. (b)

    60,781        2,189,332   

Panera Bread Co. (a) (b)

    7,585        1,296,201   

Shuffle Master, Inc. (b)

    118,528        1,873,928   

Six Flags Entertainment Corp. (a)

    27,367        1,609,180   

Texas Roadhouse, Inc. (a)

    97,433        1,666,104   

Vail Resorts, Inc. (a)

    32,319        1,863,190   

Wyndham Worldwide Corp.

    30,644        1,608,197   
   

 

 

 
      17,970,956   
   

 

 

 

Household Durables—1.0%

  

Jarden Corp. (a) (b)

    56,910        3,007,124   

La-Z-Boy, Inc. (b)

    79,287        1,159,969   
   

 

 

 
      4,167,093   
   

 

 

 

Industrial Conglomerates—0.4%

  

Raven Industries, Inc. (a)

    58,250        1,714,298   
   

 

 

 

Insurance—2.5%

  

Amtrust Financial Services, Inc. (a)

    57,932        1,484,218   

Employers Holdings, Inc. (a)

    107,047        1,962,172   

HCC Insurance Holdings, Inc. (a)

    78,881        2,673,277   

ProAssurance Corp. (b)

    26,176        2,367,357   

Reinsurance Group of America, Inc.

    32,808        1,898,599   
   

 

 

 
      10,385,623   
   

 

 

 

Internet & Catalog Retail—0.7%

  

HSN, Inc. (a)

    31,219        1,531,292   

Liberty Ventures (Series A) (b)

    24,043        1,193,494   
   

 

 

 
      2,724,786   
   

 

 

 

Internet Software & Services—2.2%

  

Cornerstone OnDemand, Inc. (b)

    51,203        1,569,884   

CoStar Group, Inc. (a) (b)

    25,350        2,067,039   

DealerTrack Holdings, Inc. (a) (b)

    93,656        2,608,320   

IAC/InterActiveCorp. (b)

    23,759        1,236,893   

 

MSF-70


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Internet Software & Services—(Continued)

  

Perficient, Inc. (a) (b)

    82,704      $ 998,237   

Trulia, Inc. (a) (b)

    33,714        722,154   
   

 

 

 
      9,202,527   
   

 

 

 

IT Services—2.7%

  

Convergys Corp. (a) (b)

    114,759        1,798,273   

Euronet Worldwide, Inc. (a) (b)

    105,864        1,989,185   

Heartland Payment Systems, Inc. (a)

    52,928        1,676,759   

InterXion Holding NV (b)

    89,813        2,040,551   

Wright Express Corp. (a) (b)

    51,930        3,620,560   
   

 

 

 
      11,125,328   
   

 

 

 

Life Sciences Tools & Services—0.5%

  

PAREXEL International Corp. (a) (b)

    59,815        1,839,909   
   

 

 

 

Machinery—4.9%

  

Actuant Corp. (a)

    41,799        1,196,287   

Alamo Group, Inc. (a)

    27,334        923,342   

Albany International Corp. (a)

    73,200        1,608,204   

Altra Holdings, Inc. (a) (b)

    108,032        1,966,182   

Chart Industries, Inc. (a) (b)

    33,562        2,478,554   

John Bean Technologies Corp. (a)

    45,206        738,214   

Middleby Corp. (a) (b)

    22,401        2,590,452   

RBC Bearings, Inc. (a) (b)

    78,011        3,752,329   

Robbins & Myers, Inc.

    19,915        1,186,934   

Trimas Corp. (b)

    47,015        1,133,532   

Wabtec Corp.

    30,499        2,448,765   
   

 

 

 
      20,022,795   
   

 

 

 

Marine—0.4%

  

Kirby Corp. (a) (b)

    29,200        1,614,176   
   

 

 

 

Media—1.2%

  

Arbitron, Inc. (a)

    43,069        1,632,315   

John Wiley & Sons, Inc. (a)

    47,043        2,161,626   

Live Nation Entertainment, Inc. (a) (b)

    107,876        928,812   
   

 

 

 
      4,722,753   
   

 

 

 

Metals & Mining—1.5%

  

Haynes International, Inc. (a)

    24,355        1,270,113   

Horsehead Holding Corp. (a) (b)

    137,342        1,282,774   

Reliance Steel & Aluminum Co. (a)

    37,736        1,975,480   

SunCoke Energy, Inc. (b)

    108,894        1,755,371   
   

 

 

 
      6,283,738   
   

 

 

 

Multi-Utilities—0.2%

  

NorthWestern Corp.

    23,426        848,724   
   

 

 

 

Multiline Retail—0.3%

  

Fred’s, Inc. (a)

    99,322        1,413,352   
   

 

 

 

Oil, Gas & Consumable Fuels—2.5%

  

Approach Resources, Inc. (a) (b)

    50,452        1,520,119   

Berry Petroleum Co. (a)

    26,687        1,084,293   

Cloud Peak Energy, Inc. (a) (b)

    57,597        1,042,506   

EPL Oil & Gas, Inc. (a) (b)

    120,999        2,455,070   

Gulfport Energy Corp. (a) (b)

    29,367        918,012   

Oil, Gas & Consumable Fuels—(Continued)

  

Oasis Petroleum, Inc. (b)

    52,039      $ 1,533,589   

Rosetta Resources, Inc. (a) (b)

    35,871        1,718,221   
   

 

 

 
      10,271,810   
   

 

 

 

Pharmaceuticals—1.2%

  

Impax Laboratories, Inc. (a) (b)

    69,577        1,806,219   

Medicis Pharmaceutical Corp. (a)

    19,126        827,582   

Nektar Therapeutics (a) (b)

    121,027        1,292,568   

Optimer Pharmaceuticals, Inc. (b)

    14,797        208,934   

Pacira Pharmaceuticals, Inc. (b)

    47,357        824,012   
   

 

 

 
      4,959,315   
   

 

 

 

Professional Services—1.6%

  

Huron Consulting Group, Inc. (a) (b)

    43,593        1,517,908   

The Advisory Board Co. (a) (b)

    42,709        2,042,772   

The Corporate Executive Board Co. (a)

    55,773        2,991,106   
   

 

 

 
      6,551,786   
   

 

 

 

Real Estate Investment Trusts—6.0%

  

American Campus Communities, Inc.

    56,585        2,482,950   

BioMed Realty Trust, Inc. (a)

    125,651        2,352,187   

CubeSmart

    189,165        2,434,553   

DuPont Fabros Technology, Inc. (a)

    75,620        1,909,405   

Hersha Hospitality Trust (a)

    393,951        1,930,360   

Home Properties, Inc. (a)

    29,420        1,802,563   

Mid-America Apartment Communities, Inc.

    32,646        2,132,110   

National Retail Properties, Inc.

    48,564        1,481,202   

Omega Healthcare Investors, Inc. (a)

    103,589        2,354,578   

Potlatch Corp. (a)

    38,845        1,451,638   

Sovran Self Storage, Inc. (a)

    43,715        2,528,913   

UDR, Inc. (a)

    66,904        1,660,557   
   

 

 

 
      24,521,016   
   

 

 

 

Road & Rail—2.2%

  

Avis Budget Group, Inc. (a) (b)

    94,678        1,456,148   

Genesee & Wyoming, Inc. (a) (b)

    61,742        4,128,070   

Old Dominion Freight Line, Inc. (a) (b)

    77,677        2,342,738   

Werner Enterprises, Inc. (a)

    49,843        1,065,145   
   

 

 

 
      8,992,101   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.4%

  

Cavium, Inc. (a) (b)

    50,184        1,672,633   

Cymer, Inc. (a) (b)

    28,073        1,433,407   

EZchip Semiconductor, Ltd. (a) (b)

    37,140        1,136,113   

Hittite Microwave Corp. (a) (b)

    29,655        1,644,963   

Lattice Semiconductor Corp. (a) (b)

    154,827        592,988   

MKS Instruments, Inc.

    22,504        573,627   

Semtech Corp. (a) (b)

    67,601        1,700,165   

Silicon Laboratories, Inc. (a) (b)

    32,412        1,191,465   

Teradyne, Inc. (a) (b)

    153,410        2,181,490   

Ultratech, Inc. (b)

    31,287        981,786   

Volterra Semiconductor Corp. (a) (b)

    46,191        1,010,197   
   

 

 

 
      14,118,834   
   

 

 

 

Software—4.2%

  

Allot Communications, Ltd. (b)

    69,404        1,840,594   

CommVault Systems, Inc. (b)

    31,171        1,829,738   

 

MSF-71


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Software—(Continued)

  

Comverse Technology, Inc. (b)

    112,260      $ 690,399   

Ellie Mae, Inc. (a) (b)

    39,474        1,074,877   

Guidewire Software, Inc. (a) (b)

    58,257        1,808,880   

Imperva, Inc. (a) (b)

    41,004        1,516,738   

Monotype Imaging Holdings, Inc. (a) (b)

    69,494        1,083,411   

QLIK Technologies, Inc. (a) (b)

    55,027        1,233,155   

Sourcefire, Inc. (a) (b)

    36,720        1,800,382   

SS&C Technologies Holdings, Inc. (a) (b)

    77,516        1,954,178   

Ultimate Software Group, Inc. (a) (b)

    24,150        2,465,715   
   

 

 

 
      17,298,067   
   

 

 

 

Specialty Retail—5.1%

  

Asbury Automotive Group, Inc. (a) (b)

    73,605        2,057,260   

Cabela’s, Inc. (a) (b)

    30,123        1,647,126   

Chico’s FAS, Inc.

    83,804        1,517,690   

Genesco, Inc. (b)

    31,798        2,121,880   

Hibbett Sports, Inc. (a) (b)

    27,357        1,626,374   

HOT Topic, Inc. (a)

    231,883        2,017,382   

JOS A. Bank Clothiers, Inc. (a) (b)

    25,976        1,259,316   

Lumber Liquidators Holdings, Inc. (b)

    29,440        1,492,019   

Rent-A-Center, Inc. (a)

    42,423        1,488,199   

rue21, inc. (a) (b)

    26,404        822,485   

Sally Beauty Holdings, Inc. (b)

    128,212        3,216,839   

Vitamin Shoppe, Inc. (a) (b)

    30,959        1,805,529   
   

 

 

 
      21,072,099   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.7%

  

Fifth & Pacific Cos., Inc. (a) (b)

    59,873        765,177   

Oxford Industries, Inc. (a)

    39,682        2,240,049   
   

 

 

 
      3,005,226   
   

 

 

 

Thrifts & Mortgage Finance—0.4%

  

Capitol Federal Financial, Inc.

    134,678        1,610,749   
   

 

 

 

Trading Companies & Distributors—0.8%

  

DXP Enterprises, Inc. (a) (b)

    22,748        1,086,672   

H&E Equipment Services, Inc. (a) (b)

    52,393        635,003   

Rush Enterprises, Inc. (a) (b)

    82,078        1,580,822   
   

 

 

 
      3,302,497   
   

 

 

 

Transportation Infrastructure—0.2%

  

Wesco Aircraft Holdings, Inc. (a) (b)

    62,378        852,083   
   

 

 

 

Water Utilities—0.3%

  

Middlesex Water Co. (a)

    61,079        1,170,274   
   

 

 

 

Total Common Stock
(Identified Cost $311,214,414)

      400,062,554   
   

 

 

 
Warrants—0.0%   
Security Description   Shares/Par
Amount
    Value  

Oil, Gas & Consumable Fuels—0.0%

  

Magnum Hunter Resources Corp., expires 10/14/13 (a) (b)

    16,409      $ 0   
   

 

 

 

Total Warrants
(Identified Cost $0)

      0   
   

 

 

 
Short Term Investments—31.2%   

Mutual Funds—28.7%

  

State Street Navigator Securities Lending Prime Portfolio (c)

    117,697,308        117,697,308   
   

 

 

 

Repurchase Agreement—2.5%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $10,175,008 on 10/01/12, collateralized by $9,885,000 Federal National Mortgage Association 2.750% due 04/16/19 with a value of $10,379,250.

  $ 10,175,000        10,175,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $127,872,308)

      127,872,308   
   

 

 

 

Total Investments—128.9%
(Identified Cost $439,086,722) (d)

      527,934,862   

Liabilities in excess of other assets

      (118,449,037
   

 

 

 
Net Assets—100.0%     $ 409,485,825   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $114,281,335 and the collateral received consisted of cash in the amount of $117,697,308 and non-cash collateral with a value of $345,108. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $439,086,722. The aggregate unrealized appreciation and depreciation of investments was $96,140,520 and $(7,292,380), respectively, resulting in net unrealized appreciation of $88,848,140.

 

MSF-72


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Core Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 400,062,554       $ —         $ —         $ 400,062,554   

Total Warrants*

     —           —           0         0   
Short Term Investments            

Mutual Funds

     117,697,308         —           —           117,697,308   

Repurchase Agreement

     —           10,175,000         —           10,175,000   

Total Short Term Investments

     117,697,308         10,175,000         —           127,872,308   

Total Investments

   $ 517,759,862       $ 10,175,000       $ —         $ 527,934,862   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-73


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—97.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.2%

  

Hexcel Corp. (a) (b)

    166,280      $ 3,994,045   

Triumph Group, Inc.

    70,209        4,390,169   
   

 

 

 
      8,384,214   
   

 

 

 

Airlines—0.4%

  

Spirit Airlines, Inc. (a) (b)

    90,512        1,545,945   
   

 

 

 

Biotechnology—6.3%

  

Aegerion Pharmaceuticals, Inc. (a) (b)

    122,656        1,817,762   

Alkermes plc (a) (b)

    232,626        4,826,989   

Cubist Pharmaceuticals, Inc. (a) (b)

    87,600        4,176,768   

Exact Sciences Corp. (a) (b)

    265,966        2,928,286   

Genomic Health, Inc. (a) (b)

    78,317        2,716,817   

Myriad Genetics, Inc. (b)

    92,618        2,499,760   

Neurocrine Biosciences, Inc. (a) (b)

    310,534        2,478,061   

Seattle Genetics, Inc. (a) (b)

    103,929        2,800,887   
   

 

 

 
      24,245,330   
   

 

 

 

Building Products—0.2%

  

NCI Building Systems, Inc. (a) (b)

    94,499        947,825   
   

 

 

 

Capital Markets—2.2%

  

Financial Engines, Inc. (a) (b)

    201,306        4,797,122   

Stifel Financial Corp. (a) (b)

    111,853        3,758,261   
   

 

 

 
      8,555,383   
   

 

 

 

Chemicals—1.2%

  

Flotek Industries, Inc. (a) (b)

    355,575        4,505,135   
   

 

 

 

Commercial Banks—5.0%

  

Bank of the Ozarks, Inc. (a)

    73,917        2,547,919   

Boston Private Financial Holdings, Inc. (a)

    385,061        3,692,735   

Signature Bank (a) (b)

    66,514        4,461,759   

SVB Financial Group (a) (b)

    63,533        3,841,205   

Texas Capital Bancshares, Inc. (a) (b)

    96,296        4,786,874   
   

 

 

 
      19,330,492   
   

 

 

 

Communications Equipment—2.5%

  

Ciena Corp. (a) (b)

    256,782        3,492,235   

Ixia (b)

    176,472        2,835,905   

Procera Networks, Inc. (a) (b)

    139,024        3,267,064   
   

 

 

 
      9,595,204   
   

 

 

 

Construction & Engineering—0.8%

  

MasTec, Inc. (a) (b)

    162,569        3,202,609   
   

 

 

 

Distributors—1.0%

  

Pool Corp. (a)

    94,066        3,911,264   
   

 

 

 

Diversified Consumer Services—1.0%

  

Grand Canyon Education, Inc. (a) (b)

    164,096        3,861,179   
   

 

 

 

Diversified Financial Services—0.8%

  

MarketAxess Holdings, Inc.

    94,728        2,993,405   
   

 

 

 

Electrical Equipment—1.1%

  

Thermon Group Holdings, Inc. (b)

    170,312        4,256,097   
   

 

 

 

Electronic Equipment, Instruments & Components—3.7%

  

FARO Technologies, Inc. (a) (b)

    51,552      $ 2,130,129   

FEI Co. (a)

    42,307        2,263,424   

IPG Photonics Corp. (a) (b)

    72,128        4,132,934   

Measurement Specialties, Inc. (a) (b)

    97,096        3,202,226   

OSI Systems, Inc. (a) (b)

    35,370        2,753,201   
   

 

 

 
      14,481,914   
   

 

 

 

Energy Equipment & Services—3.6%

  

Dril-Quip, Inc. (a) (b)

    50,570        3,634,971   

Forum Energy Technologies, Inc. (a) (b)

    153,854        3,741,729   

Lufkin Industries, Inc. (a)

    60,424        3,252,020   

Oceaneering International, Inc.

    56,551        3,124,443   
   

 

 

 
      13,753,163   
   

 

 

 

Food & Staples Retailing—1.7%

  

Susser Holdings Corp. (a) (b)

    95,084        3,439,188   

The Fresh Market, Inc. (b)

    52,330        3,138,754   
   

 

 

 
      6,577,942   
   

 

 

 

Health Care Equipment & Supplies—10.0%

  

Abaxis, Inc. (a) (b)

    111,656        4,010,684   

ABIOMED, Inc. (a) (b)

    132,354        2,778,110   

Align Technology, Inc. (a) (b)

    135,706        5,017,051   

Conceptus, Inc. (a) (b)

    195,100        3,962,481   

Cyberonics, Inc. (a) (b)

    85,203        4,466,341   

Endologix, Inc. (a) (b)

    203,605        2,813,821   

ICU Medical, Inc. (a) (b)

    42,625        2,577,960   

Insulet Corp. (a) (b)

    176,281        3,804,144   

NuVasive, Inc. (a) (b)

    160,179        3,669,701   

NxStage Medical, Inc. (b)

    151,819        2,005,529   

Volcano Corp. (a) (b)

    129,360        3,695,815   
   

 

 

 
      38,801,637   
   

 

 

 

Health Care Providers & Services—2.3%

  

Hanger Orthopedic Group, Inc. (a) (b)

    166,009        4,736,237   

Team Health Holdings, Inc. (b)

    156,003        4,232,361   
   

 

 

 
      8,968,598   
   

 

 

 

Health Care Technology—0.7%

  

MedAssets, Inc. (a) (b)

    141,557        2,519,715   
   

 

 

 

Hotels, Restaurants & Leisure—5.3%

  

Life Time Fitness, Inc. (a) (b)

    102,397        4,683,639   

Panera Bread Co. (a) (b)

    17,814        3,044,234   

Shuffle Master, Inc. (a) (b)

    278,411        4,401,678   

Texas Roadhouse, Inc. (a)

    226,663        3,875,937   

Vail Resorts, Inc. (a)

    75,652        4,361,338   
   

 

 

 
      20,366,826   
   

 

 

 

Insurance—0.9%

  

Amtrust Financial Services, Inc. (a)

    136,197        3,489,367   
   

 

 

 

Internet Software & Services—4.2%

  

Cornerstone OnDemand, Inc. (a) (b)

    120,166        3,684,290   

CoStar Group, Inc. (a) (b)

    59,435        4,846,330   

DealerTrack Holdings, Inc. (a) (b)

    220,059        6,128,643   

 

MSF-74


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Internet Software & Services—(Continued)

  

Trulia, Inc. (a) (b)

    78,976      $ 1,691,666   
   

 

 

 
      16,350,929   
   

 

 

 

IT Services—2.3%

  

Heartland Payment Systems, Inc. (a)

    123,594        3,915,458   

InterXion Holding NV (b)

    213,436        4,849,266   
   

 

 

 
      8,764,724   
   

 

 

 

Life Sciences Tools & Services—1.1%

  

PAREXEL International Corp. (a) (b)

    140,018        4,306,954   
   

 

 

 

Machinery—4.2%

  

Chart Industries, Inc. (a) (b)

    76,886        5,678,031   

Middleby Corp. (a) (b)

    32,131        3,715,629   

RBC Bearings, Inc. (a) (b)

    86,678        4,169,212   

Robbins & Myers, Inc.

    46,726        2,784,869   
   

 

 

 
      16,347,741   
   

 

 

 

Oil, Gas & Consumable Fuels—3.4%

  

Approach Resources, Inc. (a) (b)

    118,291        3,564,108   

Gulfport Energy Corp. (a) (b)

    68,625        2,145,217   

Oasis Petroleum, Inc. (b)

    122,012        3,595,694   

Rosetta Resources, Inc. (a) (b)

    84,102        4,028,486   
   

 

 

 
      13,333,505   
   

 

 

 

Pharmaceuticals—1.9%

  

Medicis Pharmaceutical Corp. (a)

    44,873        1,941,655   

Nektar Therapeutics (a) (b)

    283,759        3,030,546   

Optimer Pharmaceuticals, Inc. (a) (b)

    34,847        492,040   

Pacira Pharmaceuticals, Inc. (a) (b)

    110,833        1,928,494   
   

 

 

 
      7,392,735   
   

 

 

 

Professional Services—4.0%

  

Huron Consulting Group, Inc. (b)

    102,240        3,559,997   

The Advisory Board Co. (a) (b)

    100,496        4,806,724   

The Corporate Executive Board Co.

    130,827        7,016,252   
   

 

 

 
      15,382,973   
   

 

 

 

Road & Rail—1.3%

  

Genesee & Wyoming, Inc. (a) (b)

    75,781        5,066,718   
   

 

 

 

Semiconductors & Semiconductor Equipment—5.5%

  

Cavium, Inc. (a) (b)

    116,745        3,891,111   

Cymer, Inc. (a) (b)

    65,678        3,353,519   

EZchip Semiconductor, Ltd. (b)

    86,978        2,660,657   

Hittite Microwave Corp. (a) (b)

    69,088        3,832,311   

Silicon Laboratories, Inc. (a) (b)

    75,830        2,787,511   

Ultratech, Inc. (b)

    73,311        2,300,499   

Volterra Semiconductor Corp. (a) (b)

    108,534        2,373,639   
   

 

 

 
      21,199,247   
   

 

 

 
Security Description   Shares/Par
Amount
    Value  

Software—8.2%

  

Allot Communications, Ltd. (b)

    162,856      $ 4,318,941   

CommVault Systems, Inc. (b)

    72,872        4,277,586   

Ellie Mae, Inc. (a) (b)

    92,552        2,520,191   

Guidewire Software, Inc. (a) (b)

    136,272        4,231,246   

Imperva, Inc. (a) (b)

    95,861        3,545,898   

QLIK Technologies, Inc. (a) (b)

    128,647        2,882,979   

Sourcefire, Inc. (a) (b)

    85,717        4,202,705   

Ultimate Software Group, Inc. (a) (b)

    56,506        5,769,263   
   

 

 

 
      31,748,809   
   

 

 

 

Specialty Retail—6.7%

  

Asbury Automotive Group, Inc. (a) (b)

    175,472        4,904,442   

Cabela’s, Inc. (a) (b)

    70,487        3,854,229   

Chico’s FAS, Inc.

    196,541        3,559,358   

Hibbett Sports, Inc. (a) (b)

    64,370        3,826,796   

Lumber Liquidators Holdings, Inc. (a) (b)

    68,941        3,493,930   

rue21, inc. (a) (b)

    61,660        1,920,709   

Vitamin Shoppe, Inc. (a) (b)

    73,731        4,299,992   
   

 

 

 
      25,859,456   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.8%

  

Fifth & Pacific Cos., Inc. (a) (b)

    140,517        1,795,807   

Oxford Industries, Inc. (a)

    93,087        5,254,761   
   

 

 

 
      7,050,568   
   

 

 

 

Total Common Stock
(Identified Cost $329,106,670)

      377,097,603   
   

 

 

 
Short Term Investments—31.6%   

Mutual Funds—28.9%

  

State Street Navigator Securities Lending Prime Portfolio (c)

    111,818,374        111,818,374   
   

 

 

 

Repurchase Agreement—2.7%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $10,280,009 on 10/01/12, collateralized by $9,990,000 Federal National Mortgage Association 2.750% due 04/16/19 with a value of $10,489,500.

  $ 10,280,000        10,280,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $122,098,374)

      122,098,374   
   

 

 

 

Total Investments—129.1%
(Identified Cost $451,205,044) (d)

      499,195,977   

Liabilities in excess of other assets

      (112,659,155
   

 

 

 
Net Assets—100.0%     $ 386,536,822   
   

 

 

 

 

MSF-75


Table of Contents

Metropolitan Series Fund

 

Loomis Sayles Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $108,502,937 and the collateral received consisted of cash in the amount of $111,818,374. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $451,205,044. The aggregate unrealized appreciation and depreciation of investments was $56,679,075 and $(8,688,142), respectively, resulting in net unrealized appreciation of $47,990,933.

 

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 377,097,603       $ —         $ —         $ 377,097,603   
Short Term Investments            

Mutual Funds

     111,818,374         —           —           111,818,374   

Repurchase Agreement

     —           10,280,000         —           10,280,000   

Total Short Term Investments

     111,818,374         10,280,000         —           122,098,374   

Total Investments

   $ 488,915,977       $ 10,280,000       $ —         $ 499,195,977   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-76


Table of Contents

Metropolitan Series Fund

 

Met/Artisan Mid Cap Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—95.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—5.9%

  

L-3 Communications Holdings, Inc.

    320,200      $ 22,961,542   

Rockwell Collins, Inc. (a)

    567,700        30,451,428   

Spirit Aerosystems Holdings, Inc. (b)

    930,200        20,659,742   
   

 

 

 
      74,072,712   
   

 

 

 

Capital Markets—1.2%

  

Northern Trust Corp.

    317,600        14,741,404   
   

 

 

 

Commercial Services & Supplies—0.8%

  

Republic Services, Inc.

    361,600        9,947,616   
   

 

 

 

Computers & Peripherals—1.3%

  

Lexmark International, Inc. (Class A) (a)

    716,800        15,948,800   
   

 

 

 

Construction & Engineering—2.3%

  

Jacobs Engineering Group, Inc. (b)

    702,500        28,402,075   
   

 

 

 

Diversified Consumer Services—2.2%

  

H&R Block, Inc. (a)

    1,549,000        26,844,170   
   

 

 

 

Electric Utilities—0.6%

  

OGE Energy Corp.

    132,800        7,365,088   
   

 

 

 

Electrical Equipment—2.0%

  

Hubbell, Inc. (Class B)

    304,051        24,549,078   
   

 

 

 

Electronic Equipment, Instruments & Components—9.0%

  

Arrow Electronics, Inc. (b)

    864,636        29,146,880   

Avnet, Inc. (b)

    1,097,900        31,937,911   

FLIR Systems, Inc.

    1,269,600        25,360,260   

Ingram Micro, Inc. (b)

    1,689,000        25,723,470   
   

 

 

 
      112,168,521   
   

 

 

 

Energy Equipment & Services—5.6%

  

Ensco plc (a)

    513,354        28,008,594   

McDermott International, Inc. (b)

    1,736,700        21,222,474   

Patterson-UTI Energy, Inc. (a)

    1,267,300        20,074,032   
   

 

 

 
      69,305,100   
   

 

 

 

Food & Staples Retailing—3.4%

  

Sysco Corp. (a)

    397,300        12,423,571   

The Kroger Co.

    1,292,900        30,434,866   
   

 

 

 
      42,858,437   
   

 

 

 

Health Care Equipment & Supplies—1.4%

  

Becton, Dickinson & Co. (a)

    220,400        17,314,624   
   

 

 

 

Health Care Providers & Services—2.3%

  

CIGNA Corp.

    614,690        28,994,927   
   

 

 

 

Household Durables—1.1%

  

Mohawk Industries, Inc. (b)

    170,330        13,629,807   
   

 

 

 

Insurance—17.5%

  

Alleghany Corp. (b)

    102,955        35,513,298   

Allied World Assurance Co. Holdings AG

    202,177        15,618,173   

Aon plc

    517,888        27,080,363   

Insurance—(Continued)

  

Arch Capital Group, Ltd. (a) (b)

    630,000      $ 26,258,400   

Fidelity National Financial, Inc.

    741,500        15,860,685   

Loews Corp.

    577,700        23,835,902   

The Allstate Corp.

    777,700        30,804,697   

The Progressive Corp.

    1,590,500        32,986,970   

Torchmark Corp.

    213,600        10,968,360   
   

 

 

 
      218,926,848   
   

 

 

 

Internet & Catalog Retail—0.6%

  

Liberty Interactive Corp. (Series A) (b)

    423,000        7,825,500   
   

 

 

 

Internet Software & Services—1.5%

  

Open Text Corp. (a) (b)

    334,300        18,433,302   
   

 

 

 

IT Services—6.1%

  

Broadridge Financial Solutions, Inc.

    865,000        20,180,450   

SAIC, Inc. (a) (b)

    1,727,200        20,795,488   

The Western Union Co.

    1,918,000        34,945,960   
   

 

 

 
      75,921,898   
   

 

 

 

Leisure Equipment & Products—2.3%

  

Mattel, Inc.

    803,400        28,504,632   
   

 

 

 

Life Sciences Tools & Services—0.8%

  

Covance, Inc. (b)

    221,500        10,341,835   
   

 

 

 

Machinery—1.8%

  

Flowserve Corp.

    176,300        22,520,562   
   

 

 

 

Media—2.0%

  

Omnicom Group, Inc. (a)

    478,200        24,655,992   
   

 

 

 

Multi-Utilities—0.4%

  

SCANA Corp. (a)

    94,200        4,547,034   
   

 

 

 

Oil, Gas & Consumable Fuels—6.2%

  

Cimarex Energy Co. (a)

    508,400        29,766,820   

Hess Corp.

    348,100        18,699,932   

Southwestern Energy Co. (b)

    834,800        29,034,344   
   

 

 

 
      77,501,096   
   

 

 

 

Professional Services—5.0%

  

Manpower, Inc.

    430,400        15,838,720   

The Dun & Bradstreet Corp. (a)

    323,700        25,772,994   

Towers Watson & Co.

    392,100        20,800,905   
   

 

 

 
      62,412,619   
   

 

 

 

Real Estate Investment Trusts—2.1%

  

Annaly Capital Management, Inc. (a)

    903,800        15,219,992   

Hatteras Financial Corp. (a)

    411,100        11,588,909   
   

 

 

 
      26,808,901   
   

 

 

 

Road & Rail—0.9%

  

Ryder System, Inc.

    279,300        10,909,458   
   

 

 

 

Semiconductors & Semiconductor Equipment—6.5%

  

Analog Devices, Inc.

    824,500        32,312,155   

 

MSF-77


Table of Contents

Metropolitan Series Fund

 

Met/Artisan Mid Cap Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Semiconductors & Semiconductor Equipment—(Continued)

  

Applied Materials, Inc.

    2,169,900      $ 24,226,934   

Lam Research Corp. (b)

    786,700        25,005,259   
   

 

 

 
      81,544,348   
   

 

 

 

Software—2.2%

  

Autodesk, Inc. (b)

    407,800        13,608,286   

BMC Software, Inc. (b)

    10,600        439,794   

Synopsys, Inc. (b)

    412,400        13,617,448   
   

 

 

 
      27,665,528   
   

 

 

 

Water Utilities—0.9%

  

American Water Works Co., Inc.

    312,300        11,573,838   
   

 

 

 

Total Common Stock
(Identified Cost $1,044,450,127)

      1,196,235,750   
   

 

 

 
Short Term Investments—19.0%   

Mutual Funds—14.9%

  

State Street Navigator Securities Lending Prime Portfolio (c)

    186,194,400        186,194,400   
   

 

 

 

Repurchase Agreement—4.1%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $51,258,043 on 10/01/12, collateralized by $52,155,000 Federal Home Loan Mortgage Corp. 0.550% due 02/13/15 with a value of $52,285,388.

  $ 51,258,000     

$

51,258,000

  

   

 

 

 

Total Short Term Investments
(Identified Cost $237,452,400)

      237,452,400   
   

 

 

 

Total Investments—114.9%
(Identified Cost $1,281,902,527) (d)

      1,433,688,150   

Liabilities in excess of other assets

      (186,270,877
   

 

 

 
Net Assets—100.0%     $ 1,247,417,273   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $180,685,999 and the collateral received consisted of cash in the amount of $186,194,400. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $1,281,902,527. The aggregate unrealized appreciation and depreciation of investments was $190,244,251 and $(38,458,628), respectively, resulting in net unrealized appreciation of $151,785,623.

 

MSF-78


Table of Contents

Metropolitan Series Fund

 

Met/Artisan Mid Cap Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 1,196,235,750       $ —         $ —         $ 1,196,235,750   
Short Term Investments            

Mutual Funds

     186,194,400         —           —           186,194,400   

Repurchase Agreement

     —           51,258,000         —           51,258,000   

Total Short Term Investments

     186,194,400         51,258,000         —           237,452,400   

Total Investments

   $ 1,382,430,150       $ 51,258,000       $ —         $ 1,433,688,150   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-79


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—99.4% of Net Assets

 

Security Description   Shares     Value  

Australia—6.7%

  

ABM Resources NL (a)

    308,685      $ 19,164   

Acrux, Ltd. (a)

    56,908        187,810   

Adelaide Brighton, Ltd.

    230,220        714,894   

Aditya Birla Minerals, Ltd.

    37,610        18,656   

AED Oil, Ltd. (a) (b)

    93,946        0   

Ainsworth Game Technology, Ltd. (a)

    24,018        56,062   

AJ Lucas Group, Ltd.

    23,896        18,189   

Alchemia, Ltd. (a)

    56,649        30,475   

Alcyone Resources, Ltd. (a)

    312,263        16,585   

Alesco Corp., Ltd.

    49,473        100,575   

Alkane Resources, Ltd. (a)

    120,355        118,670   

Alliance Resources, Ltd. (a)

    81,385        17,131   

Altona Mining, Ltd. (a)

    67,875        20,686   

Amalgamated Holdings, Ltd.

    32,994        228,735   

Amcom Telecommunications, Ltd. (c)

    78,095        101,887   

Ampella Mining, Ltd. (a) (c)

    19,949        14,046   

Ansell, Ltd.

    57,951        962,051   

Antares Energy, Ltd. (a)

    64,531        32,224   

APN News & Media, Ltd. (c)

    240,460        84,161   

Aquarius Platinum, Ltd. (c)

    39,840        26,968   

Aquila Resources, Ltd. (a) (c)

    25,380        67,176   

Arafura Resources, Ltd. (a) (c)

    91,975        15,581   

ARB Corp., Ltd.

    20,473        207,088   

Aristocrat Leisure, Ltd. (c)

    116,422        323,533   

Arrium, Ltd.

    635,994        355,428   

ASG Group, Ltd.

    51,299        34,709   

Aspire Mining, Ltd. (a)

    118,818        11,226   

Atlantic, Ltd. (a)

    22,059        7,273   

Aurora Oil & Gas, Ltd. (a)

    143,321        534,455   

Ausdrill, Ltd.

    105,567        315,460   

Ausenco., Ltd.

    47,381        130,873   

Austal, Ltd.

    34,967        50,204   

Austbrokers Holdings, Ltd.

    17,054        145,706   

Austin Engineering, Ltd. (c)

    17,817        74,647   

Australian Agricultural Co., Ltd.

    112,231        148,952   

Australian Infrastructure Fund (c)

    269,584        843,791   

Australian Pharmaceutical Industries, Ltd.

    110,942        49,435   

Australian Worldwide Exploration, Ltd. (a) (c)

    245,441        331,693   

Automotive Holdings Group

    102,926        322,136   

AV Jennings, Ltd.

    7,380        2,373   

Azimuth Resources, Ltd. (a)

    41,035        20,114   

Azumah Resources, Ltd. (a) (c)

    41,745        5,573   

Bandanna Energy, Ltd. (a) (c)

    179,193        58,873   

Bank of Queensland, Ltd. (c)

    119,413        938,510   

Bannerman Resources, Ltd. (a)

    54,366        5,242   

Bathurst Resources, Ltd. (a) (c)

    144,700        60,714   

BC Iron, Ltd. (a)

    22,573        61,990   

Beach Petroleum, Ltd. (c)

    605,168        787,603   

Beadell Resources, Ltd. (a)

    141,572        144,288   

Berkeley Resources, Ltd. (a)

    25,720        10,781   

Billabong International, Ltd. (c)

    157,225        215,313   

Bionomics, Ltd. (a)

    51,919        20,130   

Biota Holdings, Ltd. (a) (c)

    74,611        53,775   

Blackmores, Ltd.

    5,540        178,885   

Blackthorn Resources, Ltd. (a)

    45,272        51,861   

BlueScope Steel, Ltd.

    288,052        123,019   

Boart Longyear Group

    197,674        333,830   

Boom Logistics, Ltd.

    73,674        25,179   

Bradken, Ltd. (c)

    65,598        373,438   

Australia—(Continued)

  

Breville Group, Ltd.

    35,288      $ 206,674   

Brickworks, Ltd.

    4,295        45,087   

BT Investment Management, Ltd.

    11,643        25,238   

Buccaneer Energy, Ltd. (a)

    246,364        15,840   

Buru Energy, Ltd. (a) (c)

    56,977        171,019   

Cabcharge Australia, Ltd. (c)

    43,350        244,034   

Cape Lambert Iron Ore, Ltd. (a)

    97,229        31,763   

Cardno, Ltd.

    46,504        349,614   

Carnarvon Petroleum, Ltd. (a)

    197,937        19,969   

carsales.com.au, Ltd. (c)

    63,272        506,256   

Cash Converters International, Ltd.

    102,784        82,417   

Cedar Woods Properties, Ltd.

    12,427        48,294   

Central Petroleum, Ltd. (a)

    122,859        17,822   

Ceramic Fuel Cells, Ltd. (a) (c)

    362,470        20,676   

Cerro Resources NL (a)

    88,602        9,560   

CGA Mining, Ltd. (a)

    7,066        19,948   

Chalice Gold Mines, Ltd. (a)

    25,904        6,827   

Chandler Macleod Group, Ltd.

    16,111        7,168   

Citigold Corp., Ltd. (a)

    104,691        7,059   

Clinuvel Pharmaceuticals, Ltd. (a)

    8,760        14,295   

Clough, Ltd.

    92,118        66,466   

Coal of Africa, Ltd. (a) (c)

    133,534        31,829   

Coalspur Mines, Ltd. (a) (c)

    127,514        91,598   

Cobar Consolidated Resources, Ltd. (a)

    29,848        18,644   

Cockatoo Coal, Ltd. (a)

    292,461        34,765   

Codan, Ltd.

    48,344        72,165   

Coffey International, Ltd.

    63,637        27,709   

Collection House, Ltd.

    18,260        19,122   

Consolidated Media Holdings, Ltd.

    220,029        771,944   

Cooper Energy, Ltd. (a)

    123,859        64,974   

Credit Corp. Group, Ltd.

    13,415        88,485   

Crusader Resources, Ltd. (a)

    7,806        4,131   

CSG, Ltd.

    35,179        16,562   

CSR, Ltd. (c)

    233,563        374,650   

Cudeco, Ltd. (a)

    51,210        243,367   

Cue Energy Resources, Ltd. (a)

    171,183        23,955   

Data #3, Ltd.

    53,122        60,528   

David Jones, Ltd. (c)

    197,395        513,837   

Decmil Group, Ltd. (a)

    65,214        182,567   

Deep Yellow, Ltd. (a)

    271,919        11,843   

Devine, Ltd.

    46,180        27,314   

Discovery Metals, Ltd. (a) (c)

    117,087        154,188   

Domino’s Pizza Enterprises, Ltd.

    11,943        129,034   

Downer EDI, Ltd.

    205,994        758,392   

Dragon Mining, Ltd. (a)

    5,660        4,375   

Drillsearch Energy, Ltd. (a)

    168,051        269,989   

DUET Group

    478,158        1,009,959   

DuluxGroup, Ltd. (c)

    135,952        465,204   

DWS Advanced Business Solutions, Ltd.

    24,661        40,570   

Dyesol, Ltd. (a)

    37,128        4,026   

Elders, Ltd. (c)

    150,466        38,829   

Elemental Minerals, Ltd. (a)

    26,469        16,052   

Emeco Holdings, Ltd.

    314,914        237,308   

Empire Oil & Gas NL (a)

    532,312        6,581   

Energy Resources of Australia, Ltd. (c)

    40,323        55,038   

Energy World Corp., Ltd. (c)

    361,817        150,007   

Enero Group, Ltd.

    17,723        10,097   

Entek Energy, Ltd. (a)

    95,920        9,090   

Envestra, Ltd. (c)

    474,510        444,521   

 

MSF-80


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

  

Equatorial Resources, Ltd. (a)

    18,658      $ 35,089   

eServGlobal, Ltd. (a)

    43,068        7,818   

Euroz, Ltd.

    8,343        8,112   

Evolution Mining, Ltd. (a)

    100,649        199,581   

Exco Resources, Ltd. (a)

    62,226        16,816   

Fairfax Media, Ltd. (c)

    246,968        105,554   

Fantastic Holdings, Ltd.

    250        726   

FAR, Ltd. (a)

    882,955        31,609   

Finbar Group, Ltd.

    3,897        4,061   

FKP Property Group (c)

    689,639        177,906   

Fleetwood Corp., Ltd.

    27,747        291,370   

Fletcher Building, Ltd. (c)

    4,509        25,926   

FlexiGroup, Ltd.

    48,988        163,590   

Flight Centre, Ltd. (c)

    17,628        429,499   

Flinders Mines, Ltd. (a)

    606,380        53,822   

Focus Minerals, Ltd. (a)

    1,919,942        73,449   

Forge Group, Ltd.

    17,324        70,292   

G8 Education, Ltd.

    2,232        3,010   

Galaxy Resources, Ltd. (a)

    75,661        46,004   

Geodynamics, Ltd. (a)

    82,317        10,173   

Ginalbie Metals, Ltd. (a) (c)

    307,389        86,008   

Global Construction Services, Ltd.

    805        567   

Golden Rim Resources, Ltd. (a)

    101,349        11,520   

Goodman Fielder, Ltd.

    873,523        447,393   

GrainCorp., Ltd.

    92,744        861,511   

Grange Resources, Ltd. (a) (c)

    120,000        32,698   

Greenland Minerals & Energy, Ltd. (a) (c)

    62,332        24,212   

Gryphon Minerals, Ltd. (a) (c)

    91,713        86,535   

GUD Holdings, Ltd. (c)

    38,510        328,271   

Gujarat NRE Coking Coal, Ltd. (a)

    19,871        3,503   

Gunns, Ltd. (b) (c)

    309,759        51,410   

GWA International, Ltd. (c)

    136,258        257,009   

Hastie Group, Ltd. (b)

    5,739        0   

HFA Holdings, Ltd.

    45,623        33,627   

Highlands Pacific, Ltd. (a)

    173,904        29,564   

Hillgrove Resources, Ltd.

    180,002        16,791   

Hills Industries, Ltd.

    45,861        54,431   

Horizon Oil, Ltd. (c)

    465,596        144,071   

Icon Energy, Ltd. (a)

    157,110        35,657   

IDM International, Ltd. (a)

    49,237        2,375   

iiNET, Ltd.

    65,072        247,879   

Imdex, Ltd. (c)

    84,163        141,852   

IMF Australia, Ltd.

    25,755        39,252   

Independence Group NL (c)

    102,867        448,801   

Indophil Resources NL (a)

    149,398        47,981   

Industrea, Ltd.

    121,588        157,013   

Infigen Energy

    209,905        57,404   

Infomedia, Ltd.

    67,545        17,511   

Integra Mining, Ltd. (a) (c)

    385,522        223,506   

Integrated Research, Ltd.

    28,972        33,029   

Intrepid Mines, Ltd. (a) (c)

    177,715        86,314   

Invocare, Ltd. (c)

    50,327        447,801   

IOOF Holdings, Ltd.

    105,838        627,003   

Iress Market Technology, Ltd. (c)

    48,417        370,571   

Iron Ore Holdings, Ltd. (a)

    17,526        15,510   

Ivanhoe Australia, Ltd. (a) (c)

    27,511        19,165   

JB Hi-Fi, Ltd. (c)

    47,695        447,285   

Jupiter Mines, Ltd. (a)

    63,164        9,184   

Kagara, Ltd. (b)

    131,297        16,343   

Australia—(Continued)

  

Kangaroo Resources, Ltd. (a)

    305,630      $ 16,168   

Karoon Gas Australia, Ltd. (a)

    66,375        368,180   

Kasbah Resources, Ltd. (a)

    63,291        12,466   

Kingsgate Consolidated, Ltd. (c)

    54,211        335,828   

Kingsrose Mining, Ltd. (a)

    77,954        94,661   

Linc Energy, Ltd. (a) (c)

    119,994        77,355   

Liquefied Natural Gas, Ltd. (a)

    11,253        3,642   

Lycopodium, Ltd.

    4,478        28,687   

M2 Telecommunications Group, Ltd. (c)

    60,008        213,785   

MACA, Ltd.

    21,479        46,873   

Macmahon Holdings, Ltd.

    311,711        88,829   

Macquarie Atlas Roads Group (a)

    159,499        241,044   

Macquarie Telecom Group, Ltd.

    3,983        37,465   

Marengo Mining, Ltd. (a)

    157,276        17,117   

Mastermyne Group, Ltd.

    5,402        9,271   

Matrix Composites & Engineering, Ltd.

    13,660        30,827   

Maverick Drilling & Exploration, Ltd. (a)

    35,970        43,974   

MaxiTRANS Industries, Ltd.

    42,022        33,252   

McMillan Shakespeare, Ltd.

    15,824        199,699   

McPherson’s, Ltd.

    24,148        46,419   

Medusa Mining, Ltd.

    46,407        287,876   

Melbourne IT, Ltd.

    32,435        57,089   

MEO Australia, Ltd. (a)

    220,030        50,183   

Mermaid Marine Australia, Ltd.

    93,393        298,309   

Mesoblast, Ltd. (a) (c)

    48,994        340,278   

Metals X, Ltd. (a)

    122,921        20,371   

Metgasco, Ltd. (a) (c)

    117,719        24,380   

Metminco, Ltd. (a)

    116,326        10,068   

MetroCoal, Ltd. (a)

    5,129        924   

MHM Metals, Ltd. (a) (b)

    19,739        5,324   

Miclyn Express Offshore, Ltd.

    59,763        132,799   

Miclyn Express Offshore, Ltd.

    3,466        8,197   

Mincor Resources NL

    105,687        101,085   

Mineral Deposits, Ltd. (a)

    38,738        235,673   

Mineral Resources, Ltd.

    30,592        243,223   

Mirabela Nickel, Ltd. (a) (c)

    149,321        65,942   

Molopo Australia, Ltd.

    70,758        44,254   

Moly Mines, Ltd. (a) (c)

    32,667        5,242   

Monadelphous Group, Ltd. (c)

    32,222        655,041   

Morning Star Gold NL (a) (b)

    33,455        3,817   

Mortgage Choice, Ltd.

    37,356        60,071   

Mount Gibson Iron, Ltd.

    265,482        204,600   

Murchison Metals, Ltd. (a) (c)

    110,450        4,812   

Myer Holdings, Ltd. (c)

    260,693        470,273   

MyState, Ltd.

    2,711        9,566   

Nanosonics, Ltd. (a)

    54,786        27,824   

Navitas, Ltd. (c)

    84,693        370,606   

Neon Energy, Ltd. (a)

    192,676        56,564   

Neptune Marine Services, Ltd. (a)

    74,800        1,939   

New Guinea Energy, Ltd. (a)

    155,761        5,491   

Newsat, Ltd. (a)

    76,356        42,247   

Nexus Energy, Ltd. (a)

    582,061        84,475   

NIB Holdings, Ltd.

    238,467        420,033   

Nido Petroleum, Ltd. (a)

    522,236        19,359   

Noble Mineral Resources, Ltd. (a)

    83,737        12,083   

Norfolk Group, Ltd.

    32,445        20,438   

Northern Iron, Ltd. (a)

    67,803        58,776   

Northern Star Resources, Ltd. (a)

    124,483        154,270   

NRW Holdings, Ltd.

    77,104        162,606   

 

MSF-81


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

  

Nucoal Resources NL (a)

    80,799      $ 13,342   

Nufarm, Ltd. (c)

    80,906        507,551   

Oakton, Ltd.

    26,786        38,421   

OPUS Group, Ltd.

    6,037        3,164   

Orocobre, Ltd. (a)

    20,107        45,929   

OrotonGroup, Ltd.

    9,953        71,950   

Otto Energy, Ltd. (a)

    308,140        28,645   

Pacific Brands, Ltd.

    621,651        393,219   

Pacific Niugini, Ltd. (a)

    26,694        4,984   

Paladin Energy, Ltd. (a) (c)

    349,227        450,522   

Pan Pacific Petroleum NL (a)

    55,564        8,934   

PanAust, Ltd. (a) (c)

    176,892        558,102   

Panoramic Resources, Ltd.

    120,821        67,609   

PaperlinX, Ltd.

    340,846        21,435   

Papillon Resources, Ltd. (a)

    38,727        69,222   

Patties Foods, Ltd.

    19,843        33,433   

Peak Resources, Ltd. (a)

    34,546        5,687   

Peet, Ltd.

    57,632        43,698   

Peninsula Energy, Ltd. (a) (c)

    454,116        13,183   

Perilya, Ltd. (a) (c)

    95,807        31,283   

Perpetual, Ltd.

    18,730        502,695   

Perseus Mining, Ltd. (a)

    160,823        482,103   

Pharmaxis, Ltd. (a) (c)

    132,843        158,016   

Phosphagenics, Ltd. (a)

    302,239        38,910   

Platinum Australia, Ltd. (a) (b)

    116,796        8,117   

Pluton Resources, Ltd. (a)

    48,332        10,027   

PMP, Ltd.

    95,913        24,865   

Premier Investments, Ltd.

    44,992        271,308   

Prima Biomed, Ltd. (a) (c)

    225,293        45,522   

Primary Health Care, Ltd. (c)

    224,678        841,299   

Prime Media Group, Ltd.

    1,327        1,142   

PrimeAg Australia, Ltd. (a)

    21,007        27,672   

Programmed Maintenance Services, Ltd.

    58,229        129,822   

QRxPharma, Ltd. (a)

    16,051        11,319   

Quickstep Holdings, Ltd. (a)

    31,204        5,627   

Ramelius Resources, Ltd. (a)

    155,944        62,951   

RCR Tomlinson, Ltd.

    46,619        81,204   

REA Group, Ltd. (c)

    34,313        556,211   

Reckon, Ltd.

    34,546        81,329   

Red Fork Energy, Ltd. (a) (c)

    133,435        100,025   

Red Hill Iron, Ltd. (a)

    3,707        5,191   

Redflex Holdings, Ltd.

    19,984        41,659   

Reed Resources, Ltd. (a)

    59,940        13,515   

Regional Express Holdings, Ltd. (a)

    9,952        12,266   

Regis Resources, Ltd. (a)

    120,578        705,179   

Resolute Mining, Ltd.

    248,330        493,810   

Resource & Investment NL (a)

    25,941        6,373   

Resource Generation, Ltd. (a)

    58,515        18,832   

Retail Food Group, Ltd.

    20,760        63,433   

Rex Minerals, Ltd. (a)

    42,465        26,269   

Rialto Energy, Ltd. (a)

    162,011        25,851   

Ridley Corp., Ltd.

    100,742        121,868   

Robust Resources, Ltd. (a)

    8,904        6,357   

Roc Oil Co., Ltd. (a)

    335,210        126,291   

Runge, Ltd.

    4,190        1,880   

Ruralco Holdings, Ltd.

    2,336        8,234   

SAI Global, Ltd.

    80,978        355,089   

Salmat, Ltd. (c)

    45,807        115,323   

Samson Oil & Gas, Ltd. (a)

    581,639        28,917   

Australia—(Continued)

  

Sandfire Resources NL (a)

    42,691      $ 368,493   

Saracen Mineral Holdings, Ltd.

    215,863        109,753   

Sedgman, Ltd.

    48,829        56,639   

Select Harvests, Ltd.

    8,048        9,600   

Senex Energy, Ltd. (a) (c)

    253,257        168,037   

Servcorp, Ltd.

    18,320        58,859   

Service Stream, Ltd.

    51,794        20,473   

Seven Group Holdings, Ltd.

    13,937        97,359   

Sigma Pharmaceuticals, Ltd.

    621,692        410,723   

Sihayo Gold, Ltd. (a)

    188,915        26,165   

Silex Systems, Ltd. (a)

    38,528        154,562   

Silver Lake Resources, Ltd. (a) (c)

    50,704        189,689   

Sirtex Medical, Ltd. (a)

    18,135        178,679   

Skilled Group, Ltd.

    38,754        102,871   

Slater & Gordon, Ltd.

    16,942        33,416   

SMS Management & Technology, Ltd. (c)

    30,161        196,602   

Southern Cross Electrical Engineering, Ltd.

    13,042        15,556   

Southern Cross Media Group (c)

    328,410        341,131   

Spark Infrastructure Group

    640,636        1,078,344   

Specialty Fashion Group, Ltd. (c)

    46,931        23,796   

St. Barbara, Ltd. (c)

    167,990        376,251   

Starpharma Holdings, Ltd. (a)

    98,066        151,157   

Straits Resources, Ltd. (a)

    39,613        3,613   

Strike Energy, Ltd. (a)

    163,211        37,056   

STW Communications Group, Ltd.

    158,933        167,108   

Sun Resources NL (a)

    243,259        18,857   

Sundance Energy Australia, Ltd. (a)

    100,001        78,781   

Sundance Resources, Ltd. (a)

    819,104        277,530   

Sunland Group, Ltd.

    73,931        73,657   

Super Cheap Auto Group, Ltd.

    55,983        449,728   

Swick Mining Services, Ltd. (a)

    44,723        11,707   

Talisman Mining, Ltd. (a)

    8,018        2,404   

Tanami Gold NL (a)

    48,277        38,867   

Tap Oil, Ltd.

    117,016        87,850   

Tassal Group, Ltd.

    58,903        82,424   

Technology One, Ltd.

    55,850        78,821   

Ten Network Holdings, Ltd. (c)

    416,767        157,054   

Teranga Gold Corp. (a) (c)

    26,882        60,846   

Texon Petroleum, Ltd. (a)

    94,160        36,377   

TFS Corp., Ltd.

    57,669        23,834   

Thakral Holdings Group (REIT)

    143,461        118,623   

The Reject Shop, Ltd. (c)

    10,616        135,588   

Thorn Group, Ltd.

    69,334        131,461   

Tiger Resources, Ltd. (a)

    157,181        56,848   

Tissue Therapies, Ltd. (a)

    25,001        10,197   

Toro Energy, Ltd. (a)

    75,052        5,916   

Tox Free Solutions, Ltd. (a)

    46,287        128,835   

TPG Telecom, Ltd.

    201,335        463,484   

Transfield Services, Ltd.

    217,693        393,110   

Transpacific Industries Group, Ltd. (a)

    381,018        348,778   

Troy Resources NL

    33,620        171,381   

Trust Co., Ltd.

    3,656        19,050   

Unity Mining, Ltd.

    93,306        13,617   

UXC, Ltd.

    113,395        117,928   

Village Roadshow, Ltd.

    20,281        75,748   

Virgin Australia Holdings, Ltd. (a)

    968,773        405,627   

Virgin Australia Holdings, Ltd. (a) (b)

    968,773        5,025   

Vocus Communications, Ltd. (a)

    4,670        8,347   

Warrnambool Cheese & Butter Factory Co. Holding, Ltd.

    5,755        21,029   

 

MSF-82


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

  

Watpac, Ltd.

    37,999      $ 26,844   

WDS, Ltd.

    55,558        37,284   

Webjet, Ltd.

    20,309        85,909   

Western Areas NL (c)

    55,986        246,427   

Western Desert Resources, Ltd. (a)

    77,585        70,847   

White Energy Co., Ltd. (a) (c)

    78,162        26,644   

WHK Group, Ltd.

    93,561        93,077   

Wide Bay Australia, Ltd.

    9,275        61,909   

Wotif.com Holdings, Ltd. (c)

    46,269        183,930   

Yancoal Australia, Ltd. (a)

    40,888        49,987   

Yancoal Australia, Ltd. (a)

    40,888        107,233   
   

 

 

 
      50,547,881   
   

 

 

 

Austria—0.8%

   

A-TEC Industries AG (b) (c)

    1,749        0   

Agrana Beteiligungs AG

    1,574        179,836   

AMAG Austria Metall AG (a)

    745        20,406   

Atrium European Real Estate, Ltd.

    109,386        572,382   

Austria Technologie & Systemtechnik AG

    6,360        68,364   

BWT AG

    5,652        115,629   

CA Immobilien Anlagen AG (a)

    22,098        243,456   

DO & CO Restaurants & Catering AG

    638        27,049   

EVN AG

    20,207        281,584   

Flughafen Wien AG (c)

    6,767        314,251   

Frauenthal Holding AG

    775        9,463   

Intercell AG (a) (c)

    24,163        56,878   

Kapsch TrafficCom AG

    3,069        196,066   

Lenzing AG

    5,322        455,172   

Mayr Melnhof Karton AG

    4,207        393,964   

Oberbank AG

    174        10,699   

Oesterreichische Post AG

    16,691        597,582   

Palfinger AG

    7,084        150,613   

POLYTEC Holding AG

    9,217        61,536   

RHI AG (a)

    14,831        395,077   

Rosenbauer International AG

    1,844        93,789   

Schoeller-Bleckmann Oilfield Equipment AG

    5,335        555,034   

Semperit AG Holding

    6,630        259,185   

Sparkassen Immobilienanlagen AG (a)

    30,288        185,677   

Strabag SE (c)

    10,968        265,677   

Uniqa Versicherungen AG

    6,684        77,689   

Wienerberger AG (c)

    63,386        492,275   

Wolford AG

    1,065        37,325   

Zumtobel AG

    19,568        211,666   
   

 

 

 
      6,328,324   
   

 

 

 

Belgium—1.2%

   

Ablynx NV (a)

    11,147        66,210   

Ackermans & van Haaren NV

    14,408        1,160,952   

AGFA-Gevaert NV

    103,223        172,479   

AGFA-Gevaert NV (VVPR Strip) (a) (b)

    21,666        28   

Arseus NV

    12,411        230,128   

Atenor Group

    731        29,912   

Banque Nationale de Belgique S.A.

    116        357,977   

Barco NV

    8,211        558,676   

Compagnie d’Entreprises CFE

    5,369        272,569   

Compagnie Immobiliere de Belgique S.A.

    978        32,999   

Compagnie Maritime Belge S.A.

    8,912        157,581   

D’ieteren S.A.

    10,558        516,613   

Belgium—(Continued)

  

Deceuninck NV

    49,164      $ 78,551   

Deceuninck NV (VVPR Strip) (b)

    17,412        22   

Devgen NV (a)

    8,490        173,383   

Duvel Moortgat S.A.

    664        73,371   

Econocom Group S.A.

    29,772        179,492   

Elia System Operator S.A.

    15,560        637,245   

Euronav NV

    11,523        73,643   

EVS Broadcast Equipment S.A. (c)

    6,953        384,249   

Exmar NV

    17,359        131,676   

Galapagos NV (a)

    12,037        252,961   

Gimv NV

    237        11,255   

Hamon & CIE S.A.

    300        4,588   

Ion Beam Applications S.A.

    10,100        69,756   

IRIS

    637        35,870   

Kinepolis Group NV

    2,580        255,798   

Lotus Bakeries S.A.

    108        74,145   

Melexis NV

    12,981        219,227   

Mobistar S.A.

    1,689        53,287   

NV Bekaert S.A.

    2,699        77,799   

Nyrstar NV (c)

    85,533        540,007   

Nyrstar NV (VVPR Strip) (a)

    23,989        31   

Option NV

    9,790        5,031   

Picanol (a)

    589        13,234   

RealDolmen NV

    1,200        25,395   

Recticel S.A.

    12,145        80,441   

Rentabiliweb Group

    440        2,533   

Resilux NV

    55        3,564   

Roularta Media Group NV

    1,450        24,974   

Sioen Industries NV

    1,635        12,281   

Sipef S.A.

    3,850        318,121   

Tessenderlo Chemie NV

    16,495        462,965   

Tessenderlo Chemie NV (VVPR Strip) (a)

    1,346        88   

ThromboGenics NV (a)

    18,561        744,331   

Van de Velde NV

    5,079        231,523   
   

 

 

 
      8,806,961   
   

 

 

 

Canada—10.7%

   

5N Plus, Inc. (a) (c)

    20,095        43,538   

Aastra Technologies, Ltd. (a)

    4,224        70,894   

Aberdeen International, Inc.

    9,500        3,865   

Absolute Software Corp. (a) (c)

    23,754        111,630   

Advantage Oil & Gas, Ltd. (a)

    87,181        326,341   

Aecon Group, Inc.

    29,600        363,414   

AEterna Zentaris, Inc. (a)

    37,217        25,364   

AG Growth International, Inc. (c)

    6,538        214,409   

AGF Management, Ltd.

    51,050        583,666   

Aimia, Inc.

    94,279        1,413,562   

Ainsworth Lumber Co., Ltd. (a)

    20,395        49,167   

Air Canada (a)

    15,459        19,970   

Akita Drilling, Ltd.

    2,003        23,430   

Alacer Gold Corp. (a) (c)

    25,950        191,636   

Alamos Gold, Inc. (a) (c)

    60,790        1,181,667   

Alarmforce Industries, Inc. (a)

    2,200        25,959   

Alexco Resource Corp. (a)

    27,410        119,610   

Algoma Central Corp.

    441        53,830   

Algonquin Power & Utilities Corp. (c)

    56,967        386,502   

Alliance Grain Traders, Inc. (c)

    7,901        116,212   

AltaGas, Ltd. (c)

    36,031        1,236,951   

Alterra Power Corp. (a) (c)

    87,314        46,184   

 

MSF-83


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

  

Altius Minerals Corp. (a)

    9,660      $ 105,434   

Altus Group, Ltd.

    10,088        92,045   

Amerigo Resources, Ltd.

    44,359        23,012   

Amica Mature Lifestyles, Inc.

    1,000        9,714   

Anderson Energy, Ltd. (a)

    46,999        10,996   

Andrew Peller, Ltd.

    300        3,088   

Angle Energy, Inc. (a)

    42,758        171,797   

Antrim Energy, Inc. (a)

    53,087        42,120   

Argonaut Gold, Inc. (a)

    37,825        392,063   

Armtec Infrastructure, Inc.

    7,363        23,218   

Arsenal Energy, Inc. (a)

    71,551        36,391   

Astral Media, Inc. (c)

    22,017        1,079,014   

Atna Resources, Ltd. (a) (c)

    45,732        60,474   

Atrium Innovations, Inc.

    14,800        161,684   

ATS Automation Tooling Systems, Inc. (a)

    42,888        388,265   

Augusta Resource Corp. (a)

    16,090        46,317   

Aura Minerals, Inc. (a)

    49,179        21,010   

AuRico Gold, Inc. (a) (c)

    73,389        515,836   

Aurizon Mines, Ltd.

    65,968        346,246   

AutoCanada, Inc.

    9,828        127,661   

Avalon Rare Metals, Inc. (a)

    28,205        55,371   

AvenEx Energy Corp. (c)

    22,352        68,209   

Avion Gold Corp. (a)

    113,400        92,280   

Axia NetMedia Corp. (a)

    25,333        30,922   

B2Gold Corp. (a) (c)

    132,243        529,994   

Badger Daylighting, Ltd.

    4,454        129,574   

Ballard Power Systems, Inc.

    48,007        34,671   

Bankers Petroleum, Ltd. (a) (c)

    106,542        319,702   

Bellatrix Exploration, Ltd. (a) (c)

    61,713        250,468   

Bengal Energy, Ltd. (a)

    9,533        7,370   

Bioniche Life Sciences, Inc. (a)

    21,600        9,887   

Birchcliff Energy, Ltd. (c)

    46,465        313,831   

Bird Construction, Inc. (c)

    19,532        286,096   

Black Diamond Group, Ltd. (c)

    11,212        255,694   

BlackPearl Resources, Inc. (a)

    117,817        433,829   

BMTC Group, Inc.

    5,387        86,030   

BNK Petroleum, Inc. (a) (c)

    4,142        3,034   

Bonterra Energy Corp. (c)

    5,153        229,686   

Boralex, Inc. (a)

    11,430        101,383   

Brigus Gold Corp. (a) (c)

    77,420        76,388   

Brookfield Real Estate Services, Inc. (c)

    800        10,587   

Brookfield Residential Properties, Inc. (a)

    6,201        87,108   

Burcon NutraScience Corp. (a)

    6,010        28,733   

C&C Energia, Ltd. (a)

    18,548        120,559   

Calfrac Well Services, Ltd.

    14,375        345,959   

Calian Technologies, Ltd.

    3,000        60,574   

Calvalley Petroleums, Inc. (a)

    29,910        65,716   

Canaccord Capital, Inc. (a)

    42,274        244,244   

Canacol Energy, Ltd. (a)

    236,616        115,528   

Canada Bread Co., Ltd.

    139        6,833   

Canada Lithium Corp. (a)

    115,500        79,890   

Canadian Energy Services & Technology Corp. (c)

    20,403        219,575   

Canadian Western Bank

    28,887        880,332   

Canadian Zinc Corp. (a)

    38,500        17,231   

Canam Group, Inc.

    19,413        99,721   

CanElson Drilling, Inc.

    7,900        40,018   

Canexus Corp. (c)

    38,000        331,258   

Canfor Corp. (a)

    48,900        648,120   

Canada—(Continued)

  

Canfor Pulp Products, Inc.

    20,096      $ 186,222   

Cangene Corp. (a)

    11,169        18,859   

CanWel Building Materials Group, Ltd.

    24,609        61,579   

Canyon Services Group, Inc. (c)

    18,800        227,566   

Capital Power Corp.

    27,576        597,185   

Capstone Infrastructure Corp.

    30,282        136,455   

Capstone Mining Corp. (a)

    136,240        351,998   

Cardero Resources Corp. (a)

    17,277        12,302   

Carpathian Gold, Inc. (a)

    84,878        25,901   

Cascades, Inc.

    40,375        187,686   

Cathedral Energy Services, Ltd.

    19,242        128,202   

CCL Industries, Inc.

    11,519        425,562   

Celestica, Inc.

    93,081        665,608   

Celtic Exploration, Ltd.

    33,000        613,610   

Cequence Energy, Ltd. (a) (c)

    61,458        110,651   

Cervus Equipment Corp.

    770        15,351   

China Gold International Resources Corp., Ltd. (a)

    72,399        315,195   

Chinook Energy, Inc. (a)

    15,717        25,100   

Chorus Aviation, Inc.

    5,000        19,479   

Churchill Corp.

    11,157        112,013   

Cineplex, Inc. (c)

    27,267        829,298   

Clairvest Group, Inc.

    200        3,621   

Clarke, Inc.

    1,730        7,875   

Claude Resources, Inc. (a)

    78,467        67,045   

Cline Mining Corp. (a) (c)

    45,858        10,495   

CML HealthCare, Inc. (c)

    37,329        337,939   

Coastal Contacts, Inc. (a)

    11,092        73,337   

Cogeco Cable, Inc.

    9,471        359,341   

Cogeco, Inc.

    1,708        62,354   

Colabor Group, Inc.

    9,830        76,692   

Colossus Minerals, Inc. (a)

    28,508        162,679   

COM DEV International, Ltd. (a)

    37,276        114,130   

Computer Modelling Group, Ltd.

    14,060        276,166   

Connacher Oil & Gas, Ltd. (a)

    280,466        154,055   

Constellation Software Inc.

    2,822        297,902   

Contrans Group, Inc.

    15,174        150,644   

Copper Mountain Mining Corp. (a)

    28,166        96,551   

Corby Distilleries, Ltd. (c)

    11,141        192,086   

Corridor Resources, Inc. (a)

    21,385        13,487   

Corus Entertainment, Inc. (a) (c)

    41,940        975,656   

Cott Corp. (a)

    44,149        348,935   

Crew Energy, Inc. (c)

    40,710        299,807   

Crocotta Energy, Inc. (a)

    27,034        78,646   

Davis & Henderson Income Corp. (c)

    26,388        554,011   

DeeThree Exploration, Ltd. (a)

    42,204        241,264   

Delphi Energy Corp. (a)

    71,518        90,207   

Denison Mines Corp. (a)

    186,523        277,005   

DirectCash Payments, Inc.

    4,074        98,835   

Dollarama, Inc. (a)

    298        19,021   

Dorel Industries, Inc.

    13,158        456,936   

DragonWave, Inc. (a)

    18,544        41,687   

Duluth Metals, Ltd. (a)

    31,662        75,685   

Dundee Precious Metals, Inc. (a)

    42,380        396,599   

Dynasty Metals & Mining, Inc. (a)

    8,618        18,497   

E-L Financial Corp., Ltd.

    217        91,603   

Eastern Platinum, Ltd. (a)

    420,034        76,906   

Eastmain Resources, Inc. (a)

    24,625        25,549   

easyhome, Ltd.

    2,000        13,732   

 

MSF-84


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

  

Eco Oro Minerals Corp. (a)

    16,900      $ 15,815   

EGI Financial Holdings, Inc.

    900        8,203   

Enbridge Income Fund Holdings, Inc.

    13,979        334,296   

Endeavour Mining Corp. (a)

    73,199        165,295   

Endeavour Silver Corp.

    37,440        373,219   

Enerflex, Ltd. (a) (c)

    10,930        138,418   

Energy Fuels, Inc. (a) (c)

    206,297        41,969   

Enghouse Systems, Ltd.

    8,477        119,080   

Ensign Energy Services, Inc.

    8,770        134,703   

Entree Gold, Inc.

    15,350        8,900   

Epsilon Energy, Ltd. (a)

    20,918        44,683   

Equal Energy, Ltd. (a)

    10,687        36,852   

Equitable Group, Inc.

    5,801        190,062   

Essential Energy Services, Ltd. (a)

    40,162        99,271   

Evertz Technologies, Ltd.

    14,549        204,228   

Excellon Resources, Inc. (a)

    78,422        30,313   

Exchange Income Corp.

    9,065        230,890   

Exco Technologies, Ltd.

    11,132        54,805   

Exeter Resource Corp. (a)

    11,335        19,024   

EXFO, Inc. (a)

    12,343        61,144   

Fairborne Energy, Ltd. (c)

    46,659        63,598   

Fiera Sceptre, Inc.

    1,403        10,917   

Firm Capital Mortgage Investment Corp.

    2,307        32,032   

First Majestic Silver Corp. (a)

    41,797        970,204   

First National Financial Corp. (c)

    8,828        146,101   

FirstService Corp. (a)

    12,580        357,655   

Formation Metals, Inc. (a)

    10,328        3,204   

Forsys Metals Corp. (a)

    25,356        17,538   

Fortress Paper, Ltd. (a) (c)

    7,338        103,752   

Fortuna Silver Mines, Inc. (a) (c)

    46,082        244,214   

Fortune Minerals, Ltd. (a)

    11,100        6,210   

Gamehost, Inc.

    7,859        100,486   

Garda World Security Corp. (a) (c)

    11,400        138,340   

Genesis Land Development Corp. (a)

    17,608        63,762   

Genivar, Inc.

    11,718        269,260   

Genworth MI Canada, Inc. (c)

    17,697        375,505   

Geomark Exploration, Ltd.

    3,200        2,962   

Glacier Media, Inc.

    9,600        18,212   

Glentel, Inc.

    6,330        95,294   

GLG Life Tech Corp. (a) (b) (c)

    3,198        2,147   

Gluskin Sheff & Associates, Inc.

    6,978        103,843   

GLV, Inc. (a)

    11,135        18,689   

GMP Capital, Inc. (c)

    40,036        237,422   

Golden Star Resources, Ltd. (c)

    136,070        272,666   

Gran Tierra Energy, Inc. (a)

    114,414        591,215   

Granite Real Estate, Inc.

    20,660        740,154   

Great Basin Gold, Ltd. (a) (b)

    185,850        15,124   

Great Canadian Gaming Corp. (a) (c)

    32,000        326,803   

Great Panther Silver, Ltd. (a) (c)

    67,206        154,497   

Guide Exploration, Ltd. (a)

    55,084        94,692   

Guyana Goldfields, Inc. (a)

    20,855        70,429   

Hanfeng Evergreen, Inc. (a) (c)

    12,100        20,924   

Harry Winston Diamond Corp.

    27,444        326,335   

Helix Biopharma Corp. (a)

    100        61   

Hemisphere GPS, Inc. (a)

    12,375        8,686   

Heroux-Devtek, Inc. (a)

    15,800        212,788   

High Liner Foods, Inc.

    2,800        67,501   

High River Gold Mines, Ltd. (a)

    100,844        145,660   

HNZ Group, Inc.

    4,068        112,552   

Canada—(Continued)

  

Home Capital Group, Inc.

    13,384      $ 700,308   

Horizon North Logistics, Inc.

    37,642        305,164   

HudBay Minerals, Inc.

    89,034        876,665   

IBI Group, Inc. (c)

    6,916        68,661   

Imax Corp. (a)

    25,958        516,467   

Imperial Metals Corp. (a)

    16,926        215,040   

Imris, Inc. (a) (c)

    14,626        65,163   

Indigo Books & Music, Inc. (c)

    1,986        17,656   

Innergex Renewable Energy, Inc. (c)

    31,788        350,829   

Inter-Citic Minerals, Inc. (a) (c)

    23,292        46,200   

International Forest Products, Ltd.

    23,936        143,650   

International Minerals Corp. (a)

    15,698        89,420   

International Tower Hill Mines, Ltd. (a) (c)

    21,604        61,751   

Intertape Polymer Group, Inc. (a)

    30,446        208,734   

Ithaca Energy, Inc. (a)

    126,754        251,419   

Ivanhoe Energy, Inc. (a) (c)

    118,204        64,927   

Ivernia, Inc. (a)

    71,989        7,323   

Jaguar Mining, Inc. (a) (c)

    44,308        54,084   

Just Energy Group, Inc. (c)

    66,323        723,879   

K-Bro Linen, Inc.

    2,800        82,169   

KAB Distribution, Inc. (a) (b)

    3,622        0   

Katanga Mining, Ltd. (a)

    26,500        11,591   

Keegan Resources, Inc. (a)

    23,027        85,493   

Killam Properties, Inc. (c)

    26,081        346,208   

Kingsway Financial Services, Inc. (a)

    8,765        18,812   

Kirkland Lake Gold, Inc. (a)

    23,930        290,149   

Labrador Iron Mines Holdings, Ltd. (a) (c)

    13,799        15,721   

Lake Shore Gold Corp. (a)

    179,156        180,413   

Laramide Resources (a)

    17,031        17,151   

Laurentian Bank of Canada (c)

    17,100        804,992   

Le Chateau, Inc.

    2,899        5,898   

Legacy Oil & Gas, Inc. (a)

    66,837        456,866   

Leisureworld Senior Care Corp. (c)

    12,076        151,088   

Leon’s Furniture, Ltd.

    13,469        157,556   

Linamar Corp.

    26,300        566,075   

Liquor Stores N.A., Ltd. (c)

    12,685        241,416   

MacDonald Dettwiler & Associates, Ltd. (a)

    12,944        676,759   

MAG Silver Corp. (a)

    13,742        168,298   

Mainstreet Equity Corp. (a)

    3,700        118,403   

Major Drilling Group International, Inc.

    34,700        354,377   

Manitoba Telecom Services, Inc.

    8,354        286,794   

Maple Leaf Foods, Inc.

    46,770        527,120   

Martinrea International, Inc. (a)

    53,037        380,878   

Maxim Power Corp. (a)

    2,800        5,098   

MBAC Fertilizer Corp. (a)

    30,132        101,145   

Mediagrif Interactive Technologies, Inc.

    4,916        89,059   

Medical Facilities Corp.

    5,004        73,195   

MEGA Brands, Inc. (a)

    7,658        74,547   

Mega Uranium, Ltd. (a)

    53,800        8,482   

Melcor Developments, Ltd. (c)

    1,200        19,164   

Mercator Minerals, Ltd. (a) (c)

    53,410        33,140   

MGM Energy Corp. (a)

    6,492        1,552   

Migao Corp. (a) (c)

    20,785        62,370   

Minco Silver Corp. (a)

    10,913        22,201   

Minera Andes Acquisition Corp. (a) (c)

    26,475        122,532   

Mood Media Corp. (a)

    57,391        140,106   

Morneau Shepell, Inc. (c)

    25,362        326,345   

MTY Food Group, Inc.

    600        11,584   

Mullen Group, Ltd.

    37,181        881,210   

 

MSF-85


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

  

Nautilus Minerals, Inc. (a)

    52,914      $ 50,056   

Nevada Copper Corp. (a)

    10,550        35,950   

New Flyer Industries, Inc.

    300        2,365   

Newalta Corp.

    21,158        310,989   

NGEx Resources, Inc. (a)

    50,496        130,978   

Niko Resources, Ltd.

    6,963        96,183   

Norbord, Inc. (a)

    12,316        217,982   

Nordion, Inc. (a) (c)

    51,425        345,763   

North American Energy Partners, Inc. (a)

    14,743        43,040   

North American Palladium, Ltd. (c)

    80,542        153,203   

Northern Dynasty Minerals, Ltd. (a) (c)

    27,464        127,109   

Northland Power, Inc. (c)

    31,712        614,176   

Northland Resources S.A. (a)

    49,466        36,228   

NovaCopper, Inc. (a) (c)

    13,616        29,916   

Novagold Resources, Inc. (a) (c)

    81,700        456,244   

NuVista Energy, Ltd. (a)

    49,017        225,366   

OceanaGold Corp. (a)

    150,911        500,427   

Oncolytics Biotech, Inc. (a) (c)

    27,072        63,887   

Oromin Explorations, Ltd. (a)

    30,600        21,477   

Orvana Minerals Corp. (a) (c)

    21,462        19,430   

Pace Oil & Gas, Ltd. (a)

    11,204        32,252   

Paladin Labs, Inc. (a) (c)

    4,798        221,281   

Parex Resources, Inc. (a) (c)

    44,202        217,166   

Parkland Fuel Corp. (c)

    23,135        390,878   

Pason Systems, Inc. (c)

    28,216        470,984   

Patheon, Inc. (a) (c)

    9,386        30,456   

Pembina Pipeline Corp. (c)

    49,278        1,383,453   

Pengrowth Energy Corp. (c)

    612        4,127   

Peregrine Diamonds, Ltd. (a)

    14,395        5,271   

Perpetual Energy, Inc.

    50,316        62,953   

Petaquilla Minerals, Ltd. (a)

    51,667        32,584   

PetroBakken Energy, Ltd. (c)

    34,295        486,639   

Petrobank Energy & Resources, Ltd. (a)

    52,473        736,042   

Petrominerales, Ltd. (c)

    36,448        295,113   

Peyto Exploration & Development Corp. (c)

    1,434        35,329   

Phoscan Chemical Corp. (a)

    51,767        16,587   

PHX Energy Services Corp.

    9,850        91,376   

Pilot Gold, Inc. (a)

    11,266        19,481   

Platinum Group Metals, Ltd.

    32,084        33,288   

Points International, Ltd. (a)

    6,320        72,644   

PolyMet Mining Corp. (a) (c)

    25,570        29,911   

Poseidon Concepts Corp. (c)

    17,540        260,665   

Premium Brands Holdings Corp. (c)

    8,850        161,588   

Primero Mining Corp. (a)

    29,876        156,202   

Prometic Life Sciences, Inc. (a)

    18,552        2,265   

Pulse Seismic, Inc. (a)

    27,020        72,009   

Pure Energy Services, Ltd.

    11,300        126,207   

QLT, Inc. (a)

    25,500        200,763   

Quebecor, Inc.

    18,680        621,907   

Queenston Mining, Inc. (a)

    20,802        85,062   

Questerre Energy Corp. (a)

    78,569        55,944   

Ram Power Corp. (a)

    31,332        6,533   

Redknee Solutions, Inc. (a)

    18,090        24,841   

Reitmans Canada, Ltd.

    4,000        51,673   

Reitmans Canada, Ltd. (Class A)

    21,030        278,090   

Resolute Forest Products (a)

    113        1,515   

Resverlogix Corp. (a)

    12,830        24,666   

Richelieu Hardware, Ltd.

    6,930        242,984   

Richmont Mines, Inc. (a)

    12,038        57,429   

Canada—(Continued)

  

Ritchie Bros. Auctioneers, Inc. (c)

    40,201      $ 773,269   

RMP Energy, Inc. (a) (c)

    53,508        110,488   

Rock Energy, Inc. (a)

    6,887        6,725   

Rocky Mountain Dealerships, Inc.

    7,299        80,778   

Rogers Sugar, Inc. (c)

    43,082        284,847   

RONA, Inc. (a)

    65,098        734,347   

Rubicon Minerals Corp. (c)

    49,480        185,720   

Russel Metals, Inc. (c)

    24,670        690,589   

Sabina Gold & Silver Corp. (a)

    45,006        150,157   

San Gold Corp. (a)

    84,387        91,846   

Sandvine Corp.

    67,900        82,881   

Savanna Energy Services Corp. (c)

    45,557        365,160   

Scorpio Mining Corp. (a)

    88,421        101,633   

Seabridge Gold, Inc. (a)

    9,584        186,396   

Sears Canada, Inc.

    496        5,550   

Secure Energy Services, Inc. (a)

    32,368        333,524   

SEMAFO, Inc. (a) (c)

    116,582        532,452   

ShawCor, Ltd. (c)

    20,891        906,955   

Sherritt International Corp. (c)

    153,159        775,844   

Shore Gold, Inc.

    82,170        20,896   

Sierra Wireless, Inc. (a)

    17,210        134,445   

Silver Standard Resources, Inc. (a)

    36,910        593,954   

Smart Technologies, Inc. (a)

    13,245        21,556   

Softchoice Corp. (a)

    10,116        121,832   

Sonde Resources Corp. (a)

    18,161        13,855   

Southern Pacific Resource Corp. (a)

    179,374        255,441   

SouthGobi Energy Resources, Ltd. (a)

    65,809        137,228   

Sprott Resource Corp. (a)

    51,821        208,212   

Sprott Resource Lending Corp. (a)

    49,651        70,201   

Sprott, Inc.

    31,602        152,369   

St. Andrews Goldfields, Ltd. (a)

    87,850        39,318   

Stantec, Inc. (a) (c)

    19,208        654,530   

Stella-Jones, Inc.

    3,133        189,618   

Stornoway Diamond Corp. (a)

    33,687        23,644   

Strad Energy Services, Ltd.

    9,000        41,745   

Strateco Resources, Inc. (a)

    32,150        7,195   

Student Transportation, Inc. (c)

    29,267        199,162   

Sulliden Gold Corp, Ltd. (a)

    68,700        83,158   

SunOpta, Inc. (a)

    35,292        225,803   

Superior Plus Corp. (c)

    43,822        405,635   

Surge Energy, Inc. (a) (c)

    39,044        304,218   

TAG Oil, Ltd. (a)

    19,300        141,741   

Tanzanian Royalty Exploration Corp.

    27,505        141,288   

Taseko Mines, Ltd. (c)

    98,222        325,708   

Tembec, Inc. (a)

    50,711        107,292   

Teranga Gold Corp. (a)

    37,636        84,223   

Tethys Petroleum, Ltd. (a)

    86,990        61,940   

The Brick, Ltd. (a)

    26,002        97,861   

The Cash Store Financial Services, Inc.

    3,705        21,142   

The Descartes Systems Group, Inc. (a)

    32,686        286,264   

The North West Co., Inc.

    19,071        431,818   

Theratechnologies, Inc. (a) (c)

    14,824        7,539   

Thompson Creek Metals Co., Inc. (a) (c)

    76,939        219,133   

Timminco, Ltd. (a)

    16,700        33   

Timmins Gold Corp. (a)

    60,871        171,511   

TMX Group, Ltd. (a)

    2,281        116,660   

Torex Gold Resources, Inc. (a)

    99,360        214,264   

Toromont Industries, Ltd. (c)

    28,436        603,950   

Torstar Corp.

    34,015        298,596   

 

MSF-86


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

  

Total Energy Services, Inc.

    15,598      $ 252,589   

Transcontinental, Inc. (c)

    34,160        290,139   

TransForce, Inc. (c)

    30,893        546,779   

TransGlobe Energy Corp. (a)

    27,465        298,927   

Transition Therapeutics, Inc.

    800        1,709   

Trican Well Service, Ltd.

    28,646        372,681   

Trinidad Drilling, Ltd. (c)

    59,328        413,383   

TSO3, Inc. (a) (c)

    17,113        20,889   

Twin Butte Energy, Ltd.

    89,652        259,901   

UEX Corp. (a)

    89,800        63,941   

Uni-Select, Inc.

    8,878        229,378   

Ur-Energy, Inc. (a)

    19,846        19,582   

Valener, Inc.

    6,255        101,928   

Vecima Networks, Inc. (a)

    2,500        13,045   

Veresen, inc. (c)

    37,035        485,588   

Vero Energy, Inc. (a)

    30,538        78,589   

Vicwest, Inc. (c)

    7,200        79,609   

Virginia Mines, Inc. (a)

    8,108        87,010   

Wajax Corp. (c)

    6,200        279,949   

WaterFurnace Renewable Energy, Inc.

    4,069        69,410   

Wesdome Gold Mines, Ltd.

    38,107        44,576   

West Fraser Timber Co., Ltd. (c)

    13,011        740,347   

Westaim Corp. (a)

    66,191        52,517   

Western Energy Services Corp.

    600        4,883   

Western Forest Products, Inc. (a)

    56,100        63,341   

Westfire Energy, Ltd. (a)

    13,554        56,389   

Westport Innovations, Inc. (a) (c)

    14,679        409,716   

Whitecap Resources, Inc. (a) (c)

    42,727        321,180   

Wi-Lan, Inc.

    57,524        323,576   

Winpak, Ltd.

    5,634        89,860   

Winstar Resources, Ltd. (a)

    8,078        24,651   

Xtreme Drilling and Coil Services Corp. (a)

    8,600        8,923   

YM Biosciences, Inc. (a)

    70,610        128,565   

Yukon-Nevada Gold Corp. (a)

    180,037        55,855   

Zargon Oil & Gas, Ltd. (c)

    13,621        127,467   

ZCLComposites, Inc.

    11,681        53,587   
   

 

 

 
      80,902,819   
   

 

 

 

Denmark—1.4%

  

ALK-Abello A/S

    3,402        219,066   

Alm Brand A/S (a)

    47,930        121,489   

Amagerbanken A/S (b)

    178,000        0   

Ambu A/S

    2,627        67,027   

Auriga Industries

    9,580        150,708   

Bang & Olufsen A/S (c)

    17,941        245,840   

Bavarian Nordic A/S (a)

    12,988        111,061   

BoConcept Holding A/S

    228        5,315   

Brodrene Hartmann A/S

    52        1,031   

D/S Norden

    13,959        372,833   

Dalhoff, Larsen & Horneman A/S

    4,113        2,762   

DFDS A/S

    1,452        69,870   

East Asiatic Co., Ltd. A/S

    6,828        146,058   

Genmab A/S (a)

    19,255        242,312   

GN Store Nord

    144,283        2,221,463   

Greentech Energy Systems A/S (a)

    1,142        2,536   

Harboes Bryggeri A/S

    1,454        21,777   

IC Companys A/S

    5,141        90,857   

Jeudan A/S

    201        15,591   

Jyske Bank A/S (a)

    26,996        802,968   

Denmark—(Continued)

  

NeuroSearch A/S

    7,879      $ 5,736   

Newcap Holding A/S (a)

    34,252        3,768   

NKT Holding A/S (c)

    10,806        373,293   

Nordjyske Bank A/S

    185        2,536   

North Media A/S

    3,568        12,533   

Pandora A/S (a) (c)

    23,083        315,130   

Parken Sport & Entertainment A/S

    1,676        20,384   

PER Aarsleff A/S

    835        57,088   

Ringkjoebing Landbobank A/S

    2,105        287,377   

Rockwool International A/S

    3,675        349,600   

Royal UNIBREW A/S

    4,703        360,874   

Schouw & Co.

    8,773        196,641   

SimCorp A/S

    2,229        476,343   

Solar Holdings A/S

    3,107        171,457   

Spar Nord Bank A/S

    18,514        84,214   

Sydbank A/S

    44,611        842,269   

TK Development (a)

    17,673        42,375   

Topdanmark A/S (a)

    6,902        1,352,563   

TopoTarget A/S

    49,340        20,002   

Torm A/S

    9,596        4,581   

United International Enterprises, Ltd.

    1,106        185,692   

Vestas Wind Systems A/S (a) (c)

    20,009        142,387   

Vestjysk Bank A/S

    3,300        7,729   

Zealand Pharma A/S (a)

    231        3,946   
   

 

 

 
      10,229,082   
   

 

 

 

Finland—2.3%

   

Ahlstrom Oyj

    10,516        178,657   

Aktia Oyj

    2,426        16,678   

Alma Media Oyj

    32,099        200,698   

Amer Sports Oyj

    59,124        771,275   

Aspo Oyj

    11,042        82,734   

Atria plc

    4,347        29,046   

BasWare Oyj

    3,525        102,140   

Biotie Therapies Oyj (a)

    118,993        62,692   

Cargotec Corp. (c)

    18,652        439,728   

Citycon Oyj (c)

    113,507        340,530   

Comptel plc

    30,187        15,516   

Cramo Oyj

    9,503        99,178   

Elektrobit Corp.

    43,163        36,604   

Elisa Oyj (c)

    55,046        1,245,891   

F-Secure Oyj

    47,159        104,239   

Finnair Oyj

    41,916        111,548   

Finnlines Oyj

    9,624        94,857   

Fiskars Oyj

    20,454        393,760   

HKScan Oyj

    12,935        59,669   

Huhtamaki Oyj

    44,081        703,379   

Ilkka-Yhtyma Oyj

    2,976        20,184   

Kemira Oyj (c)

    55,199        770,047   

Kesko Oyj (c)

    23,697        671,354   

Konecranes Oyj (c)

    25,349        738,161   

Lassila & Tikanoja Oyj

    16,843        229,418   

Lemminkainen Oyj

    4,314        89,802   

Metsa Board Oyj (c)

    133,387        400,374   

Neste Oil Oyj (c)

    46,786        615,322   

Okmetic Oyj

    6,360        39,790   

Olvi Oyj

    8,023        187,139   

Oriola-KD Oyj

    64,420        170,071   

Orion Oyj (Series A)

    19,377        412,068   

 

MSF-87


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

  

Orion Oyj (Series B) (c)

    43,350      $ 928,810   

Outokumpu Oyj (c)

    511,386        545,266   

Outotec Oyj (c)

    23,309        1,112,807   

PKC Group Oyj

    12,102        219,038   

Pohjola Bank plc

    2,359        31,132   

Ponsse Oyj

    3,208        27,659   

Poyry Oyj (c)

    17,565        76,838   

Raisio plc

    73,120        265,910   

Ramirent Oyj

    63,927        515,447   

Rapala VMC Oyj

    7,700        49,477   

Rautaruukki Oyj

    55,950        352,212   

Ruukki Group Oyj (c)

    95,130        58,674   

Saga Furs Oyj

    441        10,795   

Sanoma Oyj

    40,718        365,756   

Scanfil plc (a)

    10,528        11,364   

Sieve Capital plc

    10,528        12,863   

SRV Group plc

    30        133   

Stockmann Oyj Abp

    16,769        319,855   

Stonesoft Oyj (a)

    12,671        25,399   

Technopolis plc

    43,713        188,718   

Tecnotree Oyj (a)

    33,483        10,339   

Teleste Oyj

    772        4,353   

Tietoenator Oyj (c)

    34,646        599,718   

Tikkurila Oyj (a)

    21,266        404,166   

Uponor Oyj (c)

    31,280        330,524   

Vacon plc

    5,034        260,025   

Vaisala Oyj

    3,453        70,895   

YIT Oyj (c)

    56,021        1,079,503   
   

 

 

 
      17,310,225   
   

 

 

 

France—3.5%

   

ABC arbitrage

    4,710        38,447   

Air France-KLM S.A. (a)

    74,529        484,758   

Akka Technologies S.A.

    2,682        77,168   

Altamir Amboise (a)

    14,407        123,186   

Alten, Ltd. (a)

    12,577        402,266   

Altran Technologies S.A. (a)

    60,739        400,330   

April S.A.

    10,431        174,581   

Archos S.A. (a)

    11,794        51,822   

Artprice.com (a) (c)

    2,648        79,538   

Assystem S.A.

    8,352        151,335   

Atari S.A. (a)

    12,077        17,589   

Audika S.A. (a)

    2,159        26,186   

Aurea S.A.

    1,221        7,836   

Avenir Telecom S.A.

    8,083        4,994   

Axway Software S.A. (a)

    2,501        40,171   

Beneteau S.A. (c)

    20,189        220,877   

Bigben Interactive S.A. (a)

    2,295        23,601   

BioAlliance Pharma S.A. (a)

    4,933        25,340   

Boiron S.A.

    3,511        106,859   

Bonduelle S.C.A.

    2,244        192,429   

Bongrain S.A.

    3,046        182,000   

Bourbon S.A.

    21,985        634,366   

Boursorama (a)

    9,814        70,532   

Bull S.A. (a) (c)

    46,734        157,162   

Catering International Services

    307        40,949   

Cegedim S.A.

    1,169        22,683   

Cegid S.A.

    3,132        58,370   

CFAO S.A.

    15,086        723,261   

France—(Continued)

  

Ciments Francais S.A.

    2,486      $ 146,793   

Club Mediterranee (a)

    18,244        293,856   

Compagnie des Alpes S.A.

    3,241        60,581   

Derichebourg S.A. (a)

    48,969        155,629   

Devoteam S.A.

    4,902        61,200   

DNXcorp S.A.

    277        6,269   

Eiffage S.A. (c)

    9,339        307,358   

Electricite de Strasbourg S.A.

    88        10,643   

Esso S.A. Francaise

    1,261        98,562   

Etablissements Maurel et Prom

    41,189        610,114   

Etam Developpement S.A.

    78        1,312   

Euler Hermes S.A.

    7,817        518,165   

Euro Disney S.C.A. (a)

    12,177        83,135   

Eurofins Scientific S.A. (a)

    3,402        483,398   

Exel Industries

    601        27,036   

Faiveley Transport

    3,910        242,822   

Faurecia (a)

    24,356        405,284   

Fimalac S.A.

    3,854        159,424   

Fleury Michon S.A.

    141        7,120   

GameLoft S.A. (a) (c)

    34,642        230,480   

GEA

    395        34,418   

GECI International (a) (b)

    9,793        22,526   

Gemalto NV (c)

    17,506        1,542,054   

GFI Informatique

    28,204        103,320   

GL Events

    4,492        86,428   

Groupe Crit (c)

    1,016        16,961   

Groupe Flo S.A.

    5,857        25,573   

Groupe Partouche S.A. (a)

    12,984        15,042   

Groupe Steria S.C.A.

    15,109        211,213   

Guerbet S.A.

    663        64,864   

Haulotte Group S.A.

    6,196        45,257   

Havas S.A.

    138,639        715,793   

Hi-Media S.A. (c)

    20,464        52,450   

Ingenico S.A.

    17,583        904,739   

Inter Parfums S.A.

    3,147        78,658   

Ipsen S.A. (c)

    11,035        269,240   

IPSOS S.A.

    15,164        485,865   

Jacquet Metal Service

    8,913        97,170   

Kaufman & Broad S.A.

    508        10,226   

Korian S.A.

    2,636        40,090   

Lanson-BCC

    13        652   

Laurent-Perrier (c)

    1,493        128,385   

LDC S.A.

    10        1,015   

Lectra S.A.

    6,736        40,254   

LISI

    2,290        156,854   

LVL Medical Groupe S.A. (a)

    2,552        101,277   

Maisons France Confort

    1,525        50,111   

Manitou BF S.A.

    5,576        88,702   

Manutan International

    64        2,546   

Marseill Tunnel Prado-Carena

    219        7,174   

Maurel & Prom Nigeria (a)

    36,660        97,600   

Medica S.A. (a)

    19,690        340,916   

Mersen

    10,850        319,786   

METabolic EXplorer S.A. (a)

    2,657        9,993   

Metropole Television S.A.

    25,447        347,878   

Montupet S.A.

    1,214        9,714   

Mr. Bricolage

    601        6,872   

Naturex

    2,121        144,567   

Neopost S.A. (c)

    15,139        837,420   

 

MSF-88


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

France—(Continued)

  

Nexans S.A.

    13,479      $ 635,065   

Nexity

    15,498        448,859   

NextRadioTV

    746        11,780   

NicOx S.A. (a) (c)

    41,706        136,620   

Norbert Dentressangle

    2,772        186,347   

NRJ Groupe

    13,425        101,597   

Oeneo

    15,045        43,923   

Orpea (a) (c)

    11,777        472,218   

PagesJaunes Groupe (c)

    55,218        102,441   

Parrot S.A. (a)

    3,861        121,603   

Pierre & Vacances

    2,048        44,697   

Plastic Omnium S.A.

    10,312        257,670   

Rallye S.A.

    12,187        369,093   

Recylex S.A. (a)

    8,124        46,105   

Robertet S.A.

    14        2,161   

Rodriguez Group S.A. (a)

    2,573        11,887   

Rubis

    14,595        857,953   

S.O.I.T.E.C. (a)

    59,494        178,029   

Sa des Ciments Vicat

    5,974        320,439   

Saft Groupe S.A. (a)

    17,166        398,356   

Samse S.A.

    107        7,639   

Sartorius Stedim Biotech S.A.

    1,387        124,718   

Seche Environnement S.A.

    1,215        44,582   

Sechilienne-Sidec

    10,660        167,745   

Sequana (c)

    30,681        63,128   

Societe d’Edition de Canal Plus S.A.

    33,798        208,466   

Societe Internationale de Plantations d’Heveas S.A.

    679        57,800   

Somfy S.A.

    154        26,000   

Sopra Group S.A.

    2,214        105,219   

Spir Communication (a)

    848        18,784   

ST Dupont S.A. (a)

    84,197        37,891   

Stallergenes S.A.

    1,625        96,305   

Ste Industrielle d’Aviation Latecoere S.A.

    2,980        34,671   

STEF-TFE S.A.

    1,854        90,838   

Store Electronic System S.A. (a)

    679        7,941   

Sword Group SE (a) (c)

    3,417        57,295   

Synergie S.A.

    5,583        51,658   

Technicolor S.A. (a)

    57,589        142,451   

Teleperformance

    28,703        823,798   

Tessi S.A.

    720        68,958   

TF1 Group

    54,478        454,876   

Theolia S.A. (a) (c)

    30,833        56,345   

Thermador Groupe S.A.

    685        49,519   

Total Gabon (a)

    332        149,725   

Touax S.A.

    1,628        53,151   

Transgene S.A. (a) (c)

    9,153        105,249   

Trigano S.A.

    4,784        56,487   

Ubisoft Entertainment S.A. (a)

    58,021        464,133   

Union Financiere de France BQE S.A. (c)

    2,306        51,012   

Viel et Compagnie

    3,978        14,196   

Vilmorin & Cie (c)

    2,506        301,602   

Virbac S.A.

    1,982        343,380   

Vivalis S.A. (a)

    5,606        46,730   

VM Materiaux S.A.

    235        5,974   

Vranken-Pommery Monopole Group

    1,317        43,321   

Zodiac Aerospace S.A.

    13,382        1,305,387   
   

 

 

 
      26,445,237   
   

 

 

 

Germany—4.4%

   

Aareal Bank AG

    27,967      $ 574,082   

ADVA AG Optical Networking (a)

    20,269        129,595   

Air Berlin plc (a)

    19,205        39,201   

Aixtron SE (c)

    46,100        614,609   

Alba SE

    906        71,034   

Allgeier Holding AG

    2,299        30,084   

Amadeus Fire AG

    2,125        96,018   

Analytik Jena AG

    376        5,251   

Asian Bamboo AG

    3,713        29,049   

Atoss Software AG

    241        6,507   

Aurubis AG

    19,869        1,159,395   

Balda AG (c)

    19,993        128,016   

Bauer AG

    5,495        120,897   

BayWa AG

    6,375        251,565   

Bechtle AG

    9,315        359,152   

Bertrandt AG

    2,715        200,839   

Bijou Brigitte AG

    836        60,962   

Biotest AG

    1,599        86,788   

Borussia Dortmund GmbH & Co. KGaA (a)

    34,018        112,112   

CANCOM AG

    4,619        71,834   

Carl Zeiss Meditec AG

    16,046        410,873   

CAT Oil AG

    8,600        61,498   

Celesio AG

    41,560        741,535   

CENIT AG

    3,724        30,428   

CENTROTEC Sustainable AG (a)

    4,338        77,011   

Centrotherm Photovoltaics AG (a)

    4,878        7,757   

Cewe Color Holding AG

    2,667        106,336   

Colonia Real Estate AG

    5,281        25,705   

Comdirect Bank AG

    15,966        159,326   

Compugroup Holding AG

    8,790        161,611   

Conergy AG (a) (c)

    42,431        20,738   

Constantin Medien AG (a)

    23,504        43,986   

CropEnergies AG (a)

    10,750        66,974   

CTS Eventim AG

    9,430        280,299   

Curanum AG

    16,635        35,278   

DAB Bank AG

    10,241        44,416   

Delticom AG

    1,337        89,383   

Deutsche Beteiligungs AG

    2,815        70,051   

Deutsche Wohnen AG

    69,587        1,223,465   

Deutz AG (a)

    35,436        159,413   

Dialog Semiconductor plc (a)

    27,192        530,768   

Douglas Holding AG

    14,452        655,835   

Dr. Hoenle AG

    1,536        19,459   

Draegerwerk AG & Co. KGaA

    509        43,329   

Drillisch AG

    26,113        317,239   

Duerr AG

    5,628        375,477   

Eckert & Ziegler AG

    1,706        50,526   

Elmos Semiconductor AG

    5,425        51,575   

ElringKlinger AG

    14,732        390,062   

Euromicron AG

    3,803        98,783   

Evotec AG (a)

    59,728        209,482   

First Sensor AG (c)

    3,155        35,498   

Freenet AG (c)

    52,905        863,379   

Fuchs Petrolub AG

    1,274        76,201   

GAGFAH S.A. (c)

    36,892        376,057   

Gerresheimer AG

    14,057        735,774   

Gerry Weber International AG

    9,842        407,444   

Gesco AG

    1,645        139,457   

GFK SE

    7,453        336,899   

 

MSF-89


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

  

GFT Technologies AG

    3,908      $ 16,321   

Gigaset AG

    25,477        42,168   

Gildemeister AG

    31,240        555,307   

Grammer AG

    7,267        143,828   

Grenkeleasing AG

    2,371        152,550   

GSW Immobilien AG (a)

    1,674        62,169   

H&R WASAG AG

    7,029        118,273   

Hamburger Hafen und Logistik AG

    6,901        179,511   

Hansa Group AG (a)

    5,987        18,224   

Hawesko Holding AG

    1,663        80,473   

Heidelberger Druckmaschinen AG (c)

    109,562        167,201   

Highlight Communications AG

    10,482        47,952   

Homag Group AG

    2,139        27,481   

Indus Holding AG

    12,922        315,379   

Init Innovation In Traffic Systems AG

    2,460        73,420   

Intershop Communications AG (a)

    7,747        19,325   

Isra Vision AG

    1,562        42,258   

IVG Immobilen AG (c)

    46,968        107,335   

Jenoptik AG (a)

    24,705        187,692   

Joyou AG (a)

    318        3,409   

Kloeckner & Co. SE

    53,834        515,452   

Koenig & Bauer AG

    5,678        93,612   

Kontron AG

    29,362        130,847   

Krones AG

    6,921        370,664   

KSB AG

    90        46,896   

KUKA AG

    14,184        408,553   

KWS Saat AG

    1,046        279,048   

Leifheit AG

    723        22,478   

Leoni AG

    17,106        640,186   

Loewe AG

    2,442        15,755   

Lotto24 (a)

    666        3,066   

LPKF Laser & Electronics AG

    4,281        91,078   

Manz Automation AG (a)

    1,098        33,976   

MasterFlex AG

    280        1,908   

Medigene AG (a)

    13,692        19,277   

MLP AG

    27,785        180,593   

Mobotix AG

    2,035        37,098   

Mologen AG (a)

    3,125        52,062   

Morphosys AG (a)

    11,474        354,226   

Muehlbauer Holding AG & Co. KGaA

    1,254        35,860   

MVV Energie AG

    4,972        136,675   

Nemetschek AG

    2,534        109,417   

Nexus AG (a)

    2,076        24,275   

Nordex AG

    25,596        104,090   

NORMA Group

    9,960        269,235   

OHB Technology AG

    2,151        40,621   

Patrizia Immobilien AG (a)

    15,529        88,631   

Pfeiffer Vacuum Technology AG

    5,502        587,979   

Pfleiderer AG (a)

    22,580        4,040   

PNE Wind AG

    24,816        65,411   

Praktiker Bau- und Heimwerkermaerkte AG (c)

    21,197        37,457   

Progress-Werk Oberkirch AG

    617        25,390   

PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie (a)

    4,910        103,348   

PVA TePla AG

    3,358        10,659   

QSC AG (a)

    51,100        138,895   

R Stahl AG

    1,319        45,758   

Rational AG

    1,474        369,898   

Rheinmetall AG

    20,085        938,232   

Germany—(Continued)

  

Rhoen Klinikum AG (a)

    51,909      $ 1,022,366   

SAF-Holland S.A. (c)

    24,678        150,180   

SAG Solarstrom AG (a)

    2,077        6,228   

Salzgitter AG

    13,856        536,212   

Schaltbau Holding AG

    2,253        75,709   

SGL Carbon AG (a) (c)

    28,680        1,150,254   

SHW AG

    1,051        41,227   

Singulus Technologies AG (a)

    26,910        50,432   

Sixt AG

    9,029        174,939   

SKW Stahl-Metallurgie Holding AG

    3,478        60,986   

Sky Deutschland AG (a)

    122,235        491,168   

SMA Solar Technology AG (c)

    1,406        49,207   

SMT Scharf AG

    1,826        54,319   

Software AG

    7,193        259,213   

Solar-Fabrik AG (a)

    785        2,334   

Solarworld AG (c)

    36,593        72,085   

Stada Arzneimittel AG

    28,443        828,847   

STRATEC Biomedical AG

    3,536        162,399   

Stroer Out-of-Home Media AG (a)

    8,708        89,856   

Suss Microtec AG (a)

    11,671        112,157   

Symrise AG

    41,865        1,418,401   

TAG Immobilien AG (c)

    59,704        636,299   

Takkt AG

    9,946        121,627   

Telegate AG

    1,805        13,321   

Tipp24 SE

    2,223        102,598   

Tom Tailor Holding AG (a)

    9,075        193,783   

Tomorrow Focus AG (a)

    5,486        26,684   

TUI AG (c)

    72,955        629,736   

Verbio AG (a)

    9,272        21,630   

Vossloh AG

    4,207        387,861   

VTG AG

    6,281        100,150   

Wacker Construction Equipment AG

    13,700        193,522   

Washtec AG (a)

    3,397        39,727   

Wincor Nixdorf AG (c)

    16,507        646,486   

Wirecard AG

    46,991        1,079,468   

XING AG (a)

    1,747        84,993   

zooplus AG (a)

    635        26,423   
   

 

 

 
      33,582,066   
   

 

 

 

Greece—0.9%

   

Aegean Airlines S.A.

    598        1,174   

Alpha Bank A.E. (a)

    201,317        432,147   

Anek Lines S.A.

    48,385        5,002   

Attica Bank S.A. (a)

    23,850        8,233   

Bank of Cyprus plc (a)

    596,049        175,192   

Bank of Greece

    11,668        209,966   

Cyprus Popular Bank plc

    374,483        16,896   

Diagnostic & Therapeutic Center of Athens Hygeia S.A.

    51,248        16,860   

EFG Eurobank Ergasias S.A. (a)

    149,872        205,432   

Ellaktor S.A.

    80,800        144,675   

Elval-Hellenic Aluminium Industry S.A. (a)

    5,382        8,378   

Folli Follie Group

    18,502        215,915   

Forthnet S.A. (a)

    56,130        5,071   

Fourlis Holdings S.A.

    22,201        40,941   

Frigoglass S.A.

    16,556        101,198   

GEK Terna S.A.

    35,756        62,168   

Geniki Bank (a)

    24        141   

 

MSF-90


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Greece—(Continued)

  

Hellenic Exchanges S.A. Holding Clearing Settlement & Registry

    43,091      $ 194,752   

Hellenic Petroleum S.A.

    50,348        417,835   

Hellenic Telecommunications Organization S.A.

    84,089        315,654   

Iaso S.A.

    9,418        8,595   

Intracom Holdings S.A. (a)

    38,557        12,430   

Intralot S.A.

    76,916        129,229   

JUMBO S.A.

    54,864        303,564   

Lamda Development S.A. (a)

    205        736   

Marfin Investment Group S.A.

    382,614        143,241   

Metka S.A.

    12,895        118,587   

Michaniki S.A.

    26,207        5,753   

Motor Oil Hellas Corinth Refineries S.A.

    36,803        286,202   

Mytilineos Holdings S.A.

    58,222        228,183   

National Bank of Greece S.A. (a)

    312,620        760,006   

OPAP S.A.

    46,245        238,335   

Piraeus Bank S.A.

    568,927        256,940   

Piraeus Port Authority S.A.

    4,338        66,940   

Proton Bank S.A.

    14,856        3,532   

Public Power Corp. S.A.

    59,233        272,404   

S&B Industrial Minerals S.A.

    11,161        74,560   

Sarantis S.A.

    14,104        45,356   

Sidenor Steel Products Manufacturing Co. S.A.

    10,515        15,808   

Teletypos S.A.

    3,647        2,856   

Terna Energy S.A.

    22,487        58,578   

The Athens Water Supply & Sewage Co. S.A.

    19,714        102,494   

Thessaloniki Water Supply & Sewage Co., S.A.

    4,072        20,500   

Titan Cement Co. S.A.

    34,499        666,541   

TT Hellenic Postbank S.A. (b)

    71,180        15,367   

Viohalco HCA Industry S.A.

    62,493        264,659   
   

 

 

 
      6,679,026   
   

 

 

 

Hong Kong—2.5%

   

Alco Holdings, Ltd.

    136,000        28,699   

Allan International Holdings, Ltd.

    70,000        17,214   

Allied Group, Ltd.

    22,000        56,177   

Allied Properties HK, Ltd.

    1,774,024        245,460   

Apac Resources, Ltd. (a)

    2,300,000        72,683   

APT Satellite Holdings, Ltd. (a)

    111,000        30,815   

Ares Asia, Ltd. (a)

    44,000        3,234   

Artel Solutions Group Holdings, Ltd. (a)

    540,000        6,154   

Artini China Co., Ltd. (a)

    18,000        418   

Arts Optical International Holdings

    16,000        4,663   

Asia Financial Holdings, Ltd.

    300,000        109,878   

Asia Satellite Telecommunications Holdings, Ltd.

    66,000        191,138   

Asia Standard International Group

    240,000        41,370   

Associated International Hotels, Inc. (a)

    14,000        32,499   

Aupu Group Holding Co., Ltd.

    246,000        18,948   

Automated Systems Holdings, Ltd. (a)

    32,000        4,272   

Bauhaus International Holdings, Ltd.

    60,000        11,772   

Bel Global Resources Holdings, Ltd. (a) (b)

    520,000        9,523   

Bio-Dynamic Group, Ltd. (a)

    222,000        18,045   

Birmingham International Holdings, Ltd. (a) (b)

    1,110,000        21,759   

Bonjour Holdings, Ltd. (c)

    718,000        95,384   

Bossini International Holdings, Ltd.

    438,000        23,106   

Hong Kong—(Continued)

  

Brightoil Petroleum Holdings, Ltd. (a)

    512,000      $ 94,780   

Brookman Mining, Ltd. (a) (c)

    2,516,770        152,550   

Burwill Holdings, Ltd. (a)

    1,294,000        16,503   

Cafe de Coral Holdings, Ltd.

    120,000        336,625   

Century City International Holdings, Ltd.

    616,000        41,240   

Century Sunshine Group Holdings, Ltd.

    265,000        10,932   

Champion Technology Holdings, Ltd.

    2,394,274        31,690   

Chen Hsong Holdings, Ltd.

    110,000        29,505   

Cheuk Nang Holdings, Ltd.

    70,822        35,027   

Chevalier International Holdings, Ltd.

    62,000        75,422   

China Billion Resources, Ltd. (a) (b)

    476,000        0   

China Boon Holdings, Ltd. (a) (b)

    420,000        4,767   

China Daye Non-Ferrous Metals Mining, Ltd. (a)

    2,374,000        96,407   

China Electronics Corp. Holdings Co., Ltd.

    352,000        29,072   

China Energy Development Holdings, Ltd. (a) (c)

    2,272,000        30,732   

China Environmental Energy Investment, Ltd. (a)

    9,200        878   

China Environmental Investment Holdings, Ltd. (a)

    675,000        16,628   

China Financial Services Holdings, Ltd. (a)

    182,000        11,093   

China Flavors & Fragrances Co., Ltd.

    70,147        8,720   

China Gamma Group, Ltd. (a)

    325,000        6,660   

China Infrastructure Investment, Ltd. (a)

    626,000        15,049   

China Metal International Holdings, Inc.

    300,000        52,216   

China Nuclear Industry 23 International Corp., Ltd. (a)

    106,000        25,545   

China Public Procurement, Ltd. (a) (b)

    644,000        0   

China Renji Medical Group, Ltd. (a) (b)

    2,356,000        0   

China Resources & Transportation Group, Ltd. (a)

    3,700,000        121,463   

China Solar Energy Holdings, Ltd. (a)

    1,620,000        6,264   

China Strategic Holdings, Ltd. (a)

    770,000        14,809   

China Ting Group Holdings, Ltd.

    318,550        15,810   

China WindPower Group, Ltd. (a)

    1,800,000        46,043   

China-Hongkong Photo Products Holdings, Ltd.

    284,000        20,492   

Chinney Investment, Ltd.

    8,000        1,104   

Chong Hing Bank, Ltd.

    63,000        103,999   

Chow Sang Sang Holdings International, Ltd. (c)

    130,000        322,088   

Chu Kong Shipping Development Co., Ltd.

    252,000        39,644   

Chuang’s China Investments, Ltd. (a)

    341,000        20,446   

Chuang’s Consortium International, Ltd.

    446,357        55,162   

Citic 1616 Holdings, Ltd.

    539,000        105,608   

City Telecom HK, Ltd.

    218,000        51,449   

CK Life Sciences International Holdings, Inc. (a)

    1,478,000        135,113   

CNT Group, Ltd. (a)

    246,000        11,408   

Continental Holdings, Ltd.

    780,000        10,351   

Cosmos Machinery (a)

    126,000        6,744   

CP Lotus Corp. (a)

    1,750,000        33,829   

Cross-Harbour Holdings, Ltd.

    86,000        69,180   

CSI Properties, Ltd.

    1,584,023        66,275   

CST Mining Group, Ltd. (a)

    8,984,000        134,333   

Culture Landmark Investment, Ltd. (a)

    1,728,000        12,820   

Culturecom Holdings, Ltd. (a)

    375,000        71,015   

Dah Sing Banking Group, Ltd.

    150,400        139,259   

Dah Sing Financial Holdings, Ltd.

    69,600        239,226   

 

MSF-91


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

  

Dan Form Holdings Co., Ltd. (a)

    568,000      $ 78,938   

Dickson Concepts International, Ltd.

    131,000        70,255   

Dingyi Group Investment, Ltd.

    455,000        11,701   

Dorsett Hospitality International, Ltd.

    318,000        78,331   

DVN Holdings, Ltd.

    240,000        7,061   

Eagle Nice International Holdings, Ltd.

    120,000        24,761   

EcoGreen Fine Chemicals Group, Ltd.

    90,000        14,514   

Emperor Entertainment Hotel, Ltd.

    275,000        54,145   

Emperor International Holdings, Ltd.

    691,250        171,961   

Emperor Watch & Jewellery, Ltd. (c)

    1,550,000        165,043   

ENM Holdings, Ltd. (a)

    556,000        45,679   

EPI Holdings, Ltd. (a) (b)

    522,000        14,204   

Esprit Holdings, Ltd. (c)

    566,600        867,255   

eSun Holdings, Ltd.

    332,000        44,511   

EVA Precision Industrial Holdings, Ltd.

    696,000        58,975   

Fairwood, Ltd.

    37,500        74,260   

Far East Consortium

    600,503        136,930   

Fountain Set Holdings, Ltd.

    338,000        31,362   

Frasers Property China, Ltd. (a)

    1,146,000        64,182   

G-Resources Group, Ltd. (a)

    7,494,000        323,033   

Genting Hong Kong, Ltd. (a)

    101,229        32,507   

Get Nice Holdings, Ltd.

    1,866,000        75,663   

Giordano International, Ltd. (c)

    798,000        669,827   

Glorious Sun Enterprises, Ltd.

    262,000        75,672   

Gold Peak Industries Holding, Ltd.

    277,714        25,608   

Golden Resources Development International, Ltd.

    370,000        17,366   

Goldin Financial Holdings, Ltd. (a)

    200,000        23,987   

Goldin Properties Holdings, Ltd.

    286,000        166,452   

Good Fellow Resources Holdings, Ltd. (a)

    190,000        5,758   

Greenheart Group, Ltd.

    126,000        7,962   

Guangnan Holdings

    264,000        29,872   

Guotai Junan International Holdings, Ltd.

    233,000        61,363   

Haitong International Securities Group, Ltd.

    125,577        41,897   

Harbour Centre Development, Ltd.

    86,000        124,113   

HKR International, Ltd.

    386,400        167,554   

Hon Kwok Land Investment Co., Ltd.

    140,000        53,280   

Hong Kong Ferry Holdings

    10,000        9,527   

Hongkong Chinese, Ltd. (a)

    920,000        158,991   

Hsin Chong Construction Group, Ltd.

    140,000        21,092   

Huafeng Group Holdings, Ltd.

    460,000        13,066   

Hung Hing Printing Group, Ltd.

    252,000        40,080   

Hutchison Telecommunications Hong Kong Holdings, Ltd.

    64,000        28,258   

Hybrid Kinetic Group, Ltd. (a)

    2,074,000        28,250   

IDT International, Ltd. (a)

    406,000        4,948   

Imagi International Holdings, Ltd. (a)

    3,275,000        43,900   

IPE Group, Ltd.

    170,000        13,042   

IRC, Ltd. (a)

    336,000        21,551   

IT, Ltd.

    298,000        125,994   

ITC Properties Group, Ltd. (a)

    81,000        25,527   

Jinhui Holdings, Ltd.

    70,000        12,458   

Jiuzhou Development Co., Ltd.

    218,000        21,878   

JLF Investment Co., Ltd.

    360,000        16,183   

Johnson Electric Holdings, Ltd.

    52,000        34,047   

K Wah International Holdings, Ltd.

    787,187        373,347   

Kam Hing International Holdings, Ltd.

    196,000        15,640   

Kantone Holdings, Ltd.

    930,000        7,556   

Keck Seng Investments, Ltd.

    94,000        40,369   

Hong Kong—(Continued)

  

King Stone Energy Group, Ltd. (a)

    566,000      $ 37,938   

Kingmaker Footwear Holdings, Ltd.

    102,000        14,588   

Kingston Financial Group, Ltd. (c)

    2,171,000        167,565   

Ko Yo Ecological Agrotech Group, Ltd.

    2,680,000        44,607   

Kowloon Development Co., Ltd.

    156,000        179,041   

Lai Sun Development Co., Ltd. (a)

    6,465,666        148,121   

Lai Sun Garment International, Ltd. (a)

    430,000        50,836   

LAM Soon Hong Kong, Ltd.

    15,000        6,819   

Lee & Man Holding, Ltd.

    190,000        88,415   

Lee’s Pharmaceutical Holdings, Ltd.

    65,000        41,764   

Lerado Group Holdings Co.

    202,000        19,004   

Lippo China Resources, Ltd.

    2,106,000        56,839   

Lippo, Ltd.

    122,000        53,233   

Lisi Group Holdings, Ltd. (a)

    400,000        11,710   

Liu Chong Hing Investment, Ltd.

    80,000        77,614   

Luen Thai Holdings, Ltd.

    156,000        20,128   

Luk Fook Holdings International, Ltd. (c)

    145,000        480,331   

Luks Group Vietnam Holdings Co., Ltd.

    68,000        14,879   

Lung Cheong International Holdings, Ltd. (a)

    551,254        14,318   

Lung Kee Bermuda Holdings, Ltd.

    74,000        24,255   

Magnificent Estates, Ltd.

    868,000        39,796   

Man Wah Holdings, Ltd. (c)

    10,400        5,653   

Man Yue International Holdings, Ltd.

    88,000        15,313   

Matrix Holdings, Ltd.

    36,000        7,893   

Mei Ah Entertainment Group, Ltd.

    800,000        13,439   

Melco International Development, Ltd. (a)

    458,000        407,256   

Midland Holdings, Ltd.

    380,000        225,166   

Ming Fai International Holdings, Ltd.

    145,000        12,333   

Ming Fung Jewellery Group, Ltd.

    1,370,000        63,598   

Miramar Hotel & Investment Co., Ltd.

    4,000        4,776   

Modern Beauty Salon Holdings, Ltd.

    56,000        6,148   

Mongolia Energy Corp., Ltd. (a)

    1,688,000        69,621   

Mongolian Mining Corp. (a) (c)

    514,000        233,903   

Nan Nan Resources Enterprise, Ltd. (a)

    142,000        14,101   

National Electronic Holdings

    166,000        22,242   

Natural Beauty Bio-Technology, Ltd.

    240,000        27,797   

Neo-Neon Holdings, Ltd.

    420,500        94,617   

Net2Gather China Holdings, Ltd.

    1,024,000        10,564   

New Century Group Hong Kong, Ltd.

    912,000        17,758   

New Focus Auto Tech Holdings, Ltd. (a)

    12,000        1,701   

New Smart Energy Group, Ltd. (a)

    1,700,000        12,934   

New Times Energy Corp., Ltd. (a)

    204,200        25,005   

Newocean Energy Holdings, Ltd.

    400,000        116,437   

Next Media, Ltd.

    318,000        31,089   

Norstar Founders Group, Ltd. (b)

    120,000        0   

North Asia Resources Holdings, Ltd. (a) (b)

    335,000        12,097   

Orange Sky Golden Harvest Entertainment Holdings, Ltd.

    555,882        27,918   

Oriental Watch Holdings

    271,600        90,008   

Pacific Andes International Holdings, Ltd. (a)

    1,045,323        52,428   

Pacific Basin Shipping, Ltd.

    918,000        417,695   

Pacific Textile Holdings, Ltd.

    260,000        167,614   

Paliburg Holdings, Ltd.

    362,000        117,034   

Pan Asia Environmental Protection Group, Ltd.

    194,000        12,259   

Pearl Oriental Oil, Ltd. (a)

    1,170,000        103,890   

Pico Far East Holdings, Ltd.

    414,000        98,203   

Playmates Holdings, Ltd.

    36,000        20,608   

PME Group, Ltd. (a)

    770,000        18,444   

PNG Resources Holdings, Ltd. (a)

    1,520,000        20,147   

 

MSF-92


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

  

Polytec Asset Holdings, Ltd.

    655,000      $ 63,126   

Public Financial Holdings, Ltd.

    166,000        74,378   

PYI Corp., Ltd.

    1,524,366        34,600   

Regal Hotels International Holdings, Ltd.

    454,000        195,268   

Richfield Group Holdings, Ltd.

    944,000        48,451   

Rising Development Holdings (a)

    272,000        12,979   

Rivera Holdings, Ltd.

    20,000        573   

SA SA International Holdings, Ltd.

    386,000        262,933   

Sandmartin International Holdings, Ltd.

    104,000        8,723   

SEA Holdings, Ltd.

    94,000        66,338   

Shenyin Wanguo HK, Ltd.

    155,000        40,438   

Shenzhen High-Tech Holdings, Ltd. (a)

    120,000        9,126   

Shougang Concord Grand Group (a)

    206,000        7,160   

Shougang Concord Technology Holdings, Ltd. (a)

    634,000        27,628   

Shun Tak Holdings, Ltd.

    795,500        306,803   

Sing Tao News Corp., Ltd.

    276,000        36,495   

Singamas Container Holdings, Ltd.

    806,000        196,540   

Sino-Tech International Holdings, Ltd. (b)

    2,500,000        22,569   

Sinocop Resources Holdings, Ltd. (a)

    390,000        29,226   

Sinopoly Battery, Ltd. (a)

    2,360,000        86,481   

SIS International Holdings

    16,000        5,417   

SmarTone Telecommunications Holdings, Ltd. (c)

    153,000        304,944   

SOCAM Development, Ltd.

    167,876        158,757   

Solomon Systech International, Ltd.

    656,000        17,737   

Soundwill Holdings, Ltd.

    10,000        17,676   

South China China, Ltd.

    496,000        35,182   

Stella International Holdings, Ltd.

    84,500        207,245   

Stelux Holdings International, Ltd.

    214,500        41,577   

Success Universe Group, Ltd.

    240,000        5,963   

Sun Hing Vision Group Holdings, Ltd.

    42,000        14,083   

Sun Hung Kai & Co., Ltd.

    389,734        201,491   

Sun Innovation Holdings, Ltd.

    1,950,000        19,167   

Sunwah Kingsway Capital Holdings, Ltd.

    340,000        5,464   

Superb Summit International Timber Co., Ltd. (a)

    2,315,000        66,787   

Sustainable Forest Holdings, Ltd. (a) (b)

    2,220,000        45,522   

Symphony Holdings, Ltd.

    204,000        8,156   

Tai Cheung Holdings, Ltd.

    250,000        183,847   

Talent Property Group, Ltd. (a)

    420,000        10,183   

Tan Chong International, Ltd.

    63,000        16,575   

Tao Heung Holdings, Ltd.

    40,000        21,715   

Taung Gold International, Ltd. (a) (b) (c)

    700,000        14,354   

Texwinca Holdings, Ltd.

    260,000        166,947   

The United Laboratories International Holdings, Ltd.

    281,000        134,008   

Theme International Holdings, Ltd.

    400,000        7,222   

Titan Petrochemicals Group, Ltd. (b)

    1,000,000        31,725   

Tom Group, Ltd. (a)

    628,000        85,029   

Tongda Group Holdings, Ltd.

    1,350,000        51,028   

Town Health International Investments, Ltd.

    176,000        9,985   

Tradelink Electronic Commerce, Ltd.

    356,000        55,554   

Transport International Holdings, Ltd.

    109,600        217,410   

Trinity, Ltd.

    392,000        261,458   

TSC Offshore Group, Ltd. (a)

    156,000        21,319   

Tse Sui Luen Jewellery International, Ltd.

    40,000        25,087   

Tysan Holdings, Ltd.

    104,000        20,119   

Universal Technologies Holdings, Ltd.

    350,000        20,762   

Hong Kong—(Continued)

  

Up Energy Development Group, Ltd. (a)

    92,000      $ 9,609   

Upbest Group, Ltd.

    8,000        856   

Value Convergence Holdings, Ltd. (a)

    80,000        11,052   

Value Partners Group, Ltd. (c)

    334,000        162,453   

Varitronix International, Ltd.

    164,000        55,471   

Vedan International Holdings, Ltd.

    296,000        18,705   

Veeko International Holdings, Ltd.

    460,000        11,050   

Victory City International Holdings

    411,139        41,331   

Vision Values Holdings, Ltd.

    80,000        2,043   

Vitasoy International Holdings, Ltd.

    380,000        330,340   

VST Holdings, Ltd.

    364,000        66,391   

Wai Kee Holdings, Ltd. (a)

    54,000        9,889   

Wang On Group, Ltd.

    1,780,000        21,294   

Water Oasis Group, Ltd.

    106,000        13,367   

Win Hanverky Holdings, Ltd.

    194,000        17,064   

Wing On Co. International, Ltd.

    46,000        115,161   

Wing Tai Properties, Ltd.

    280,000        185,548   

WO KEE Hong Holdings, Ltd. (a)

    87,500        2,920   

Xinyi Glass Holdings, Ltd. (c)

    686,000        317,991   

Yeebo International Holdings

    158,000        23,433   

YGM Trading, Ltd.

    48,000        107,176   

Yugang International, Ltd.

    1,466,000        9,463   
   

 

 

 
      18,752,299   
   

 

 

 

India—0.0%

  

Essar Energy plc (a)

    16,594        30,865   
   

 

 

 

Ireland—1.0%

  

Aer Lingus Group plc (a)

    42,387        56,268   

C&C Group plc

    200,973        952,000   

C&C Group plc

    3,081        14,660   

DCC plc

    50,148        1,444,890   

FBD Holdings plc

    15,309        194,163   

Glanbia plc

    46,699        414,710   

Glanbia plc

    10,338        91,660   

Grafton Group plc

    110,585        481,266   

IFG Group plc

    54,623        98,960   

Independent News & Media plc (a)

    39,432        7,006   

Irish Continental Group plc

    6,497        149,168   

Kenmare Resources plc (a)

    145,693        96,407   

Kingspan Group plc (a)

    63,709        651,689   

Paddy Power plc

    27,063        2,012,140   

Smurfit Kappa Group plc

    81,172        818,652   

United Drug plc

    108,581        411,511   
   

 

 

 
      7,895,150   
   

 

 

 

Israel—0.9%

   

Africa Israel Investments, Ltd.

    41,750        74,895   

Africa Israel Properties, Ltd.

    5,780        40,594   

Africa Israel Residences, Ltd.

    880        8,674   

Airport City, Ltd. (a)

    16,455        74,663   

AL-ROV Israel, Ltd.

    2,219        43,751   

Allot Communications, Ltd. (a)

    2,590        64,024   

Alon Holdings Blue Square, Ltd.

    5,473        10,676   

Alrov Properties & Lodgings, Ltd.

    1,554        24,310   

Alvarion, Ltd. (a)

    27,218        14,235   

Amot Investments, Ltd.

    26,459        58,715   

AudioCodes, Ltd. (a)

    17,523        49,500   

 

MSF-93


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Israel—(Continued)

  

Avgol Industries 1953, Ltd.

    45,163      $ 32,893   

Azorim-Investment Development & Construction Co., Ltd.

    4,438        3,978   

Babylon, Ltd.

    13,198        111,664   

Bayside Land Corp.

    326        61,515   

Big Shopping Centers 2004, Ltd.

    716        15,303   

Biocell, Ltd. (a)

    2,190        12,252   

BioLine RX, Ltd. (a)

    25,645        6,632   

Blue Square Real Estate, Ltd.

    374        7,033   

Ceragon Networks, Ltd. (a)

    14,799        83,896   

Clal Biotechnology Industries, Ltd. (a)

    14,804        41,392   

Clal Industries and Investments, Ltd.

    29,341        94,050   

Clal Insurance Enterprise Holdings, Ltd.

    9,499        104,368   

Compugen, Ltd. (USD) (a)

    9,735        36,604   

Delek Automotive Systems, Ltd.

    13,171        80,539   

Delek Group, Ltd.

    7        1,169   

Delta-Galil Industries, Ltd.

    4,939        46,584   

Direct Insurance Financial Investments, Ltd.

    5,783        14,033   

DS Apex Holdings, Ltd.

    5,193        19,611   

El Al Israel Airlines

    83,273        8,566   

Elbit Imaging, Ltd.

    4,496        10,114   

Elbit Systems, Ltd.

    6,308        215,828   

Electra, Ltd.

    834        62,780   

Elron Electronic Industries

    7,585        24,071   

Equital, Ltd. (a)

    550        3,777   

Evogene, Ltd. (a)

    14,363        58,497   

EZchip Semiconductor, Ltd. (a)

    9,853        310,512   

First International Bank of Israel, Ltd.

    9,599        112,766   

FMS Enterprises Migun, Ltd.

    910        11,289   

Formula Systems 1985, Ltd.

    4,463        70,877   

Frutarom Industries, Ltd.

    18,076        177,776   

Gilat Satellite Networks, Ltd. (a)

    12,836        49,813   

Given Imaging, Ltd. (a)

    7,424        108,543   

Golf & Co., Ltd.

    6,101        17,965   

Granite Hacarmel Investments, Ltd.

    15,628        21,944   

Hadera Paper, Ltd.

    1,046        38,186   

Harel Insurance Investments & Financial Services, Ltd.

    4,930        148,561   

Hot Telecommunication System, Ltd.

    7,243        68,243   

Industrial Buildings Corp.

    43,794        51,894   

Israel Discount Bank, Ltd. (a)

    199,065        237,962   

Ituran Location & Control, Ltd.

    7,870        92,408   

Jerusalem Oil Exploration (a)

    5,621        87,468   

Kamada, Ltd. (a)

    8,778        59,086   

Kardan Yazamut (a)

    51        5   

Kerur Holdings, Ltd.

    931        9,003   

Maabarot Products, Ltd.

    4,183        33,654   

Magic Software Enterprises, Ltd. (a)

    8,833        41,522   

Matrix IT, Ltd.

    17,381        69,028   

Melisron, Ltd. (a)

    5,041        84,071   

Mellanox Technologies, Ltd. (a)

    10,054        1,045,277   

Menorah Mivtachim Holdings, Ltd.

    12,198        79,963   

Migdal Insurance & Financial Holding, Ltd.

    111,865        130,875   

Mizrahi Tefahot Bank, Ltd.

    41,443        366,685   

Naphtha Israel Petroleum Corp., Ltd. (a)

    16,060        57,479   

Neto ME Holdings, Ltd. (a)

    1,150        35,242   

Nitsba Holdings 1995, Ltd.

    16,809        134,178   

Nova Measuring Instruments, Ltd. (a)

    10,093        78,681   

Oil Refineries, Ltd.

    391,005        158,385   

Israel—(Continued)

  

Ormat Industries, Ltd.

    29,986      $ 144,656   

Osem Investments, Ltd.

    13,851        190,615   

Paz Oil Co., Ltd.

    2,031        242,788   

Plasson

    1,511        38,572   

Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.

    2,320        70,975   

Retalix, Ltd.

    8,987        187,173   

Scailex Corp., Ltd.

    2,628        1,720   

Shikun & Binui, Ltd.

    79,288        123,534   

Shufersal, Ltd.

    34,594        83,909   

Space Communication, Ltd. (a)

    2,951        32,278   

Strauss Group, Ltd.

    14,320        152,989   

Suny Electronics, Ltd.

    3,311        2,884   

The Israel Land Development Co., Ltd.

    3,950        16,149   

The Phoenix Holdings, Ltd.

    26,343        47,761   

Tower Semiconductor, Ltd. (a)

    9,658        84,569   

Union Bank of Israel, Ltd.

    11,952        35,804   
   

 

 

 
      7,066,903   
   

 

 

 

Italy—2.7%

   

A2A S.p.A. (c)

    51,432        25,515   

ACEA S.p.A.

    33,065        198,661   

AcegasAps S.p.A.

    8,490        57,900   

Acotel Group S.p.A.

    81        2,678   

Aedes S.p.A. (a)

    164,113        15,383   

Alerion Cleanpower S.p.A.

    10,865        54,748   

Amplifon S.p.A.

    48,850        208,080   

Ansaldo STS S.p.A. (a)

    42,193        346,124   

Arnoldo Mondadori Editore S.p.A.

    53,898        68,960   

Ascopiave S.p.A.

    22,740        39,209   

Astaldi S.p.A.

    32,469        211,233   

Autogrill S.p.A.

    54,430        518,631   

Azimut Holding S.p.A.

    49,548        572,580   

Banca Carige S.p.A. (c)

    267,800        258,596   

Banca Finnat Euramerica S.p.A.

    50,851        17,246   

Banca Generali S.p.A.

    20,603        276,301   

Banca IFIS S.p.A.

    6,177        41,735   

Banca Popolare dell’Emilia Romagna Scrl

    158,332        856,170   

Banca Popolare dell’Etruria e del Lazio (a)

    38,775        53,652   

Banca Popolare di Milano Scarl (c)

    1,773,934        935,600   

Banca Popolare di Sondrio

    147,086        867,575   

Banca Profilo S.p.A.

    103,313        28,979   

Banco di Desio e della Brianza S.p.A.

    20,306        51,623   

Banco Popolare S.C.

    839,831        1,264,068   

BasicNet S.p.A.

    9,826        21,703   

Biesse S.p.A.

    6,021        22,108   

Bonifica Ferraresi e Imprese Agricole S.p.A.

    1,095        55,026   

Brembo S.p.A.

    17,718        179,425   

Brioschi Sviluppo Immobiliare S.p.A. (a)

    34,077        3,802   

Buzzi Unicem S.p.A.

    39,838        442,611   

Cairo Communication S.p.A.

    11,446        39,129   

Caltagirone Editore S.p.A.

    6,273        7,977   

Carraro S.p.A.

    5,504        14,434   

Cementir Holding S.p.A.

    31,117        62,185   

CIR-Compagnie Industriali Riunite S.p.A. (c)

    236,036        267,497   

Credito Bergamasco S.p.A.

    1,543        26,749   

Credito Emiliano S.p.A.

    44,882        208,608   

Danieli & C Officine Meccaniche S.p.A. (c)

    6,526        163,753   

Datalogic S.p.A.

    8,267        70,150   

 

MSF-94


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

  

De’Longhi S.p.A.

    17,527      $ 205,264   

DeA Capital S.p.A. (a)

    18,071        29,507   

DiaSorin S.p.A.

    10,148        354,081   

Ei Towers (a)

    3,833        96,028   

Engineering Ingegneria Informatica S.p.A.

    2,413        76,255   

ERG S.p.A.

    32,977        238,758   

Esprinet S.p.A.

    18,719        77,450   

Eurotech S.p.A. (a)

    13,076        20,102   

Falck Renewables S.p.A.

    64,793        80,948   

Fiera Milano S.p.A.

    6,655        31,281   

Finmeccanica S.p.A. (c)

    224,698        1,071,075   

Fondiaria-Sai S.p.A.

    37,296        51,121   

Gas Plus

    3,786        23,376   

Gemina S.p.A.

    405,139        395,849   

Geox S.p.A. (c)

    52,589        139,369   

Gruppo Editoriale L’Espresso S.p.A.

    67,388        70,037   

Gruppo MutuiOnline S.p.A.

    5,404        24,025   

Hera S.p.A. (c)

    310,168        500,032   

IMMSI S.p.A.

    100,436        50,790   

Impregilo S.p.A.

    130,654        532,525   

Indesit Co. S.p.A.

    25,444        126,872   

Industria Macchine Automatiche S.p.A.

    3,443        59,532   

Interpump Group S.p.A. (c)

    35,866        266,670   

Iren S.p.A.

    195,614        112,350   

Italcementi S.p.A. (c)

    37,433        197,728   

Italmobiliare S.p.A.

    4,014        74,411   

Juventus Football Club S.p.A. (a)

    147,435        42,222   

KME Group S.p.A.

    80,757        35,607   

Landi Renzo S.p.A. (c)

    31,132        58,124   

Lottomatica S.p.A.

    23,515        518,082   

Maire Tecnimont S.p.A.

    117,283        99,574   

Marcolin S.p.A.

    7,437        42,225   

Mariella Burani S.p.A. (b)

    6,116        0   

MARR S.p.A.

    16,293        156,985   

Mediaset S.p.A.

    258,957        488,064   

Mediolanum S.p.A. (c)

    97,677        421,621   

Milano Assicurazioni S.p.A. (c)

    484,485        211,139   

Molecular Medicine S.p.A. (a)

    23,641        14,049   

Nice S.p.A. (a)

    9,890        32,987   

Piaggio & C S.p.A.

    85,698        195,121   

Piccolo Credito Valtellinese Scarl

    112,363        184,519   

Poltrona Frau S.p.A.

    22,268        26,470   

Prelios S.p.A. (c)

    380,157        47,321   

Premafin Finanziaria S.p.A. (c)

    43,094        9,206   

Prima Industrie S.p.A.

    243        2,678   

Prysmian S.p.A.

    32,912        589,189   

RCS MediaGroup S.p.A. (a) (c)

    83,637        142,778   

Recordati S.p.A.

    44,330        315,442   

Reno de Medici S.p.A.

    38,858        7,301   

Reply S.p.A.

    1,870        44,237   

Retelit S.p.A. (a)

    9,842        7,605   

Risanamento S.p.A. (a)

    12,608        2,187   

Sabaf S.p.A.

    1,021        11,885   

SAES Getters S.p.A.

    1,416        13,022   

Safilo Group S.p.A.

    20,664        157,879   

Saras S.p.A.

    199,059        252,822   

SAVE S.p.A.

    4,750        42,205   

Seat Pagine Gialle S.p.A. (c)

    402,113        4,350   

Snai S.p.A. (a)

    21,135        22,048   

Italy—(Continued)

  

Societa Cattolica di Assicurazioni Scrl

    24,280      $ 377,236   

Societa Iniziative Autostradali e Servizi S.p.A.

    30,419        244,762   

Sogefi S.p.A.

    25,543        64,948   

SOL S.p.A.

    13,975        79,087   

Sorin S.p.A.

    157,025        355,948   

Telecom Italia Media S.p.A.

    227,575        53,357   

Tiscali S.p.A. (a) (c)

    802,477        43,794   

Tod’s S.p.A. (c)

    4,903        531,278   

Trevi Finanziaria S.p.A.

    20,868        135,048   

Uni Land S.p.A. (b)

    4,937        0   

Unione di Banche Italiane SCPA

    1,037        3,851   

Unipol Gruppo Finanziario S.p.A.

    133,203        323,671   

Vianini Lavori S.p.A.

    2,113        8,225   

Vittoria Assicurazioni S.p.A.

    16,042        96,004   

Yoox S.p.A. (a) (c)

    22,641        289,599   

Zignago Vetro S.p.A. (a)

    14,414        85,362   
   

 

 

 
      20,352,954   
   

 

 

 

Japan—22.8%

   

1st Holdings, Inc.

    2,200        14,180   

A&A Material Corp. (a) (c)

    23,000        19,145   

A&D Co., Ltd.

    9,200        30,359   

Accordia Golf Co., Ltd.

    483        308,404   

Achilles Corp.

    94,000        127,167   

ADEKA Corp. (c)

    44,000        330,794   

Aderans Co., Ltd. (c)

    10,600        144,215   

Advan Co., Ltd.

    6,500        67,418   

Aeon Delight Co., Ltd.

    9,600        211,049   

Aeon Fantasy Co., Ltd.

    3,100        41,985   

Aeon Hokkaido Corp.

    6,300        29,622   

Agrex, Inc.

    900        8,705   

Ahresty Corp.

    10,300        46,534   

Ai Holdings Corp. (c)

    24,600        159,437   

Aica Kogyo Co., Ltd. (c)

    23,600        403,082   

Aichi Corp.

    15,400        66,772   

Aichi Steel Corp. (c)

    53,000        214,230   

Aichi Tokei Denki Co., Ltd. (c)

    14,000        51,193   

Aida Engineering, Ltd.

    30,600        202,952   

Aigan Co., Ltd.

    6,800        26,352   

Ain Pharmaciez, Inc. (c)

    4,200        299,805   

Aiphone Co., Ltd.

    7,600        157,616   

Airport Facilities Co., Ltd. (c)

    13,100        59,994   

Aisan Industry Co., Ltd.

    14,900        117,473   

Akebono Brake Industry Co., Ltd. (c)

    31,700        140,852   

Alconix Corp.

    2,400        42,040   

Alinco, Inc.

    700        5,758   

Allied Telesis Holdings KK

    44,500        41,040   

Alpen Co., Ltd.

    7,200        135,298   

Alpha Corp.

    2,200        23,478   

Alpha Systems, Inc.

    2,640        34,410   

Alpine Electronics, Inc. (c)

    22,600        210,364   

Alps Electric Co., Ltd. (c)

    73,100        378,016   

Alps Logistics Co., Ltd.

    4,100        41,221   

Altech Corp.

    3,300        26,276   

Amano Corp. (c)

    27,000        231,521   

Amiyaki Tei Co., Ltd.

    17        42,069   

Amuse, Inc.

    2,600        41,341   

Ando Corp.

    43,000        44,988   

Anest Iwata Corp. (c)

    14,000        58,280   

 

MSF-95


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Anrakutei Co., Ltd.

    3,000      $ 15,448   

Anritsu Corp. (c)

    43,000        557,214   

AOC Holdings, Inc.

    23,100        66,593   

Aohata Corp.

    1,000        18,299   

AOI Electronic Co., Ltd.

    1,800        22,584   

AOKI Holdings, Inc.

    11,200        242,215   

Aoyama Trading Co., Ltd.

    29,900        571,434   

Arakawa Chemical Industries, Ltd.

    7,900        63,784   

Arata Corp.

    18,000        85,765   

Araya Industrial Co., Ltd.

    26,000        38,634   

Arc Land Sakamoto Co., Ltd.

    7,700        114,342   

Arcs Co., Ltd.

    12,264        284,054   

Argo Graphics, Inc.

    2,300        29,459   

Ariake Japan Co., Ltd. (c)

    5,600        125,635   

Arisawa Manufacturing Co., Ltd.

    18,900        43,991   

Arnest One Corp. (c)

    19,600        301,265   

Arrk Corp. (a)

    20,900        42,933   

Artnature, Inc.

    700        10,837   

As One Corp. (c)

    6,200        138,822   

Asahi Co., Ltd. (c)

    7,600        129,111   

Asahi Diamond Industrial Co., Ltd. (c)

    23,000        255,180   

Asahi Holdings, Inc. (c)

    9,600        160,357   

Asahi Intecc Co., Ltd. (c)

    4,400        139,845   

Asahi Kogyosha Co., Ltd.

    10,000        36,573   

Asahi Net, Inc.

    5,000        25,585   

Asahi Organic Chemicals Industry Co., Ltd. (c)

    37,000        88,475   

Asahi Printing Co., Ltd.

    200        5,164   

Asanuma Corp.

    29,000        19,819   

Asatsu-DK, Inc. (c)

    14,400        368,442   

Asax Co., Ltd.

    18        17,735   

Ashimori Industry Co., Ltd. (c)

    21,000        26,505   

ASICS Trading Co., Ltd.

    800        12,394   

ASKA Pharmaceutical Co., Ltd.

    12,000        62,822   

ASKUL Corp.

    11,100        180,366   

Asunaro Aoki Construction Co., Ltd.

    8,000        40,789   

Atom Corp. (c)

    31,000        154,724   

Atsugi Co., Ltd.

    85,000        97,633   

Autobacs Seven Co., Ltd. (c)

    12,900        582,268   

Avex Group Holdings, Inc.

    13,300        273,038   

Axell Corp.

    3,800        89,118   

Azbil Corp. (c)

    13,700        274,412   

Bando Chemical Industries, Ltd.

    44,000        152,700   

Bank of the Ryukyus, Ltd. (c)

    21,700        282,695   

Belc Co., Ltd.

    5,400        81,904   

Belluna Co., Ltd.

    12,700        102,963   

Benefit One, Inc.

    42        40,536   

Best Denki Co., Ltd. (c)

    24,000        41,812   

BIC Camera, Inc. (c)

    227        115,074   

Bit-isle, Inc.

    3,600        37,287   

BML, Inc.

    4,900        128,011   

Bookoff Corp.

    3,900        33,325   

Bunka Shutter Co., Ltd. (c)

    29,000        130,752   

C Uyemura & Co., Ltd.

    700        24,685   

CAC Corp. (c)

    7,300        62,953   

Calsonic Kansei Corp. (c)

    68,000        262,075   

Can Do Co., Ltd.

    92        123,877   

Canon Electronics, Inc. (c)

    8,700        191,544   

Capcom Co., Ltd. (c)

    21,500        445,045   

Carchs Holdings Co., Ltd. (a)

    28,300        11,567   

Japan—(Continued)

  

Cawachi, Ltd.

    9,000      $ 187,455   

Central Glass Co., Ltd.

    91,000        268,199   

Central Security Patrols Co., Ltd.

    3,300        33,160   

Central Sports Co., Ltd.

    2,200        32,865   

CFS Corp.

    4,400        20,186   

Chino Corp.

    14,000        35,676   

Chiyoda Co., Ltd.

    10,200        280,156   

Chiyoda Integre Co., Ltd.

    7,000        74,341   

Chofu Seisakusho Co., Ltd. (c)

    8,200        197,489   

Chori Co., Ltd.

    6,000        68,666   

Chubu Shiryo Co., Ltd.

    11,400        76,663   

Chudenko Corp.

    12,400        115,410   

Chuetsu Pulp & Paper Co., Ltd.

    55,000        95,880   

Chugai Mining Co., Ltd.

    67,700        12,967   

Chugai Ro Co., Ltd. (c)

    35,000        94,684   

Chugoku Marine Paints, Ltd.

    37,000        176,530   

Chuo Denki Kogyo Co., Ltd.

    11,100        42,935   

Chuo Spring Co., Ltd.

    16,000        57,227   

CKD Corp. (c)

    32,300        182,664   

Clarion Co., Ltd. (c)

    50,000        79,366   

Cleanup Corp.

    11,500        78,922   

CMIC Co., Ltd.

    4,900        80,777   

CMK Corp. (c)

    26,400        90,218   

Coca-Cola Central Japan Co., Ltd.

    12,900        166,387   

cocokara fine, Inc.

    5,900        205,635   

Colowide Co., Ltd.

    22,500        192,839   

Computer Engineering & Consulting, Ltd.

    6,100        35,866   

Computer Institute of Japan, Ltd.

    2,000        8,097   

COMSYS Holdings Corp. (c)

    5,800        80,901   

COOKPAD, Inc.

    1,500        43,829   

Core Corp.

    3,000        27,648   

Corona Corp.

    7,300        94,270   

Cosel Co., Ltd. (c)

    10,600        141,113   

Cosmos Initia Co., Ltd. (a)

    5,700        31,585   

Cosmos Pharmaceutical Corp. (c)

    3,500        320,632   

Create Medic Co., Ltd.

    1,800        18,524   

Create SD Holdings Co., Ltd.

    2,000        56,520   

Cross Plus, Inc.

    1,100        11,157   

CTI Engineering Co., Ltd.

    6,100        38,293   

Cybernet Systems Co., Ltd.

    39        10,603   

Cybozu, Inc.

    119        38,874   

Dai Nippon Toryo Co., Ltd. (c)

    70,000        76,952   

Dai-Dan Co., Ltd. (c)

    16,000        102,476   

Dai-Ichi Kogyo Seiyaku Co., Ltd.

    19,000        49,728   

Dai-ichi Seiko Co., Ltd.

    5,400        70,842   

Daibiru Corp. (c)

    24,500        200,403   

Daido Kogyo Co., Ltd.

    15,000        25,367   

Daido Metal Co., Ltd. (c)

    16,000        118,000   

Daidoh, Ltd. (c)

    11,200        70,016   

Daifuku Co., Ltd.

    45,500        226,940   

Daihatsu Diesel Manufacturing Co., Ltd.

    7,000        17,933   

Daihen Corp. (c)

    59,000        151,084   

Daiho Corp.

    31,000        34,929   

Daiichi Chuo Kisen Kaisha (c)

    74,000        57,714   

Daiichi Jitsugyo Co., Ltd. (c)

    20,000        87,346   

Daiichi Kigenso Kagaku-Kogyo Co., Ltd.

    1,600        24,019   

Daiichikosho Co., Ltd.

    3,400        81,622   

Daiken Corp. (c)

    35,000        84,451   

Daiki Aluminium Industry Co., Ltd. (c)

    16,000        40,870   

 

MSF-96


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Daiki Ataka Engineering Co., Ltd.

    3,000      $ 13,665   

Daiko Clearing Services Corp. (c)

    3,000        11,029   

Daikoku Denki Co., Ltd.

    3,700        94,467   

Daikokutenbussan Co., Ltd.

    2,900        89,623   

Daikyo, Inc. (c)

    135,000        338,194   

Dainichi Co., Ltd.

    4,100        40,670   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

    38,000        168,433   

Daio Paper Corp.

    40,000        247,626   

Daiseki Co., Ltd.

    15,900        247,029   

Daiseki Eco. Solution Co., Ltd.

    10        15,368   

Daishinku Corp.

    12,000        33,652   

Daiso Co., Ltd.

    39,000        109,398   

Daisue Construction Co., Ltd. (a)

    37,000        20,847   

Daisyo Corp. (c)

    4,200        54,192   

Daito Electron Co., Ltd.

    800        3,562   

Daito Pharmaceutical Co., Ltd.

    3,400        60,106   

Daiwa Industries, Ltd.

    15,000        69,571   

Daiwabo Holdings Co., Ltd.

    106,000        199,552   

DC Co., Ltd.

    11,500        32,544   

DCM Japan Holdings Co., Ltd. (c)

    43,600        290,417   

Denki Kogyo Co., Ltd.

    36,000        158,236   

Denyo Co., Ltd.

    9,800        108,193   

Descente, Ltd.

    24,000        142,805   

Digital Garage, Inc. (c)

    84        147,366   

DMW Corp.

    700        12,579   

Doshisha Co., Ltd. (c)

    6,000        174,229   

Doutor Nichires Holdings Co., Ltd.

    14,700        184,746   

Dr. Ci:Labo Co., Ltd. (c)

    62        208,984   

Dream Incubator, Inc. (a)

    9        7,201   

DTS Corp.

    12,000        163,289   

Dunlop Sports Co., Ltd.

    7,100        90,831   

Duskin Co., Ltd. (c)

    25,700        517,518   

Dwango Co., Ltd. (c)

    38        57,378   

Dydo Drinco, Inc.

    4,300        195,022   

Dynic Corp.

    16,000        31,561   

eAccess, Ltd. (c)

    978        186,818   

Eagle Industry Co., Ltd. (c)

    14,000        88,911   

Earth Chemical Co., Ltd.

    4,500        169,449   

Ebara Corp. (c)

    76,000        318,143   

Ebara Jitsugyo Co., Ltd.

    1,300        19,933   

Ebara-Udylite Co., Ltd.

    800        26,394   

EDION Corp. (c)

    49,900        220,495   

Eidai Co., Ltd.

    9,000        40,337   

Eiken Chemical Co., Ltd. (c)

    7,000        95,956   

Eizo Nanao Corp. (c)

    9,900        175,513   

Elecom Co., Ltd. (c)

    1,800        26,275   

Elematec Corp. (c)

    3,000        41,341   

EM Systems Co., Ltd.

    1,900        39,323   

Emori & Co., Ltd. (c)

    1,100        11,403   

en-japan, Inc.

    29        28,686   

Endo Lightning Corp.

    1,700        70,837   

Enplas Corp. (c)

    5,900        202,317   

Enshu, Ltd. (a)

    27,000        21,972   

Ensuiko Sugar Refining Co., Ltd. (c)

    8,000        19,676   

EPS Co., Ltd. (c)

    70        199,686   

ESPEC Corp.

    11,700        98,458   

Excel Co., Ltd.

    3,500        30,916   

Exedy Corp. (c)

    13,700        270,274   

Japan—(Continued)

  

Ezaki Glico Co., Ltd. (c)

    15,000      $ 185,628   

F&A Aqua Holdings, Inc.

    10,000        102,751   

F-Tech, Inc.

    2,900        47,074   

F@ N Communications, Inc.

    14        21,393   

Faith, Inc.

    321        34,793   

Falco Biosystems, Ltd.

    4,300        51,201   

Fancl Corp. (c)

    16,000        187,646   

FCC Co., Ltd. (c)

    14,900        239,451   

FDK Corp. (a) (c)

    53,000        46,148   

Ferrotec Corp. (c)

    5,300        20,185   

FIDEA Holdings Co., Ltd.

    75,010        154,966   

First Juken Co., Ltd.

    3,200        34,188   

Foster Electric Co., Ltd. (c)

    11,000        168,555   

FP Corp. (c)

    5,500        433,487   

France Bed Holdings Co., Ltd. (c)

    60,000        129,100   

Fudo Tetra Corp. (c)

    66,800        89,797   

Fuji Co., Ltd./Ehime (c)

    7,500        168,857   

Fuji Corp., Ltd.

    10,900        59,953   

Fuji Electronics Co., Ltd.

    5,600        76,867   

Fuji Kiko Co., Ltd. (a)

    13,000        35,503   

Fuji Kosan Co., Ltd. (a)

    4,600        27,159   

Fuji Kyuko Co., Ltd. (c)

    16,000        102,220   

Fuji Oil Co., Ltd. (c)

    29,100        405,964   

Fuji Seal International, Inc.

    9,800        202,955   

Fuji Soft, Inc. (c)

    10,400        216,728   

Fujibo Holdings, Inc. (c)

    45,000        161,503   

Fujico Co., Ltd.

    11,000        147,419   

Fujikura Kasei Co., Ltd.

    14,000        60,068   

Fujikura, Ltd. (c)

    175,000        521,177   

Fujimi, Inc.

    9,900        146,066   

Fujimori Kogyo Co., Ltd.

    5,200        115,552   

Fujita Kanko, Inc. (c)

    27,000        91,485   

Fujitec Co., Ltd.

    29,000        169,472   

Fujitsu Frontech, Ltd.

    10,500        58,068   

Fujitsu General, Ltd. (c)

    23,000        203,793   

Fujiya Co., Ltd. (a) (c)

    57,000        142,415   

FuKoKu Co., Ltd.

    4,100        38,287   

Fukuda Corp.

    14,000        56,698   

Fukushima Industries Corp.

    2,500        41,645   

Fukuyama Transporting Co., Ltd. (c)

    74,000        409,632   

Fumakilla, Ltd.

    8,000        27,753   

Funai Consulting Co., Ltd.

    9,300        62,772   

Funai Electric Co., Ltd. (c)

    7,900        111,363   

Furukawa Battery Co., Ltd. (a) (c)

    10,000        45,469   

Furukawa Co., Ltd.

    166,000        153,045   

Furukawa-Sky Aluminum Corp. (c)

    39,000        99,652   

Furuno Electric Co., Ltd.

    7,600        29,830   

Furusato Industries, Ltd.

    3,600        34,537   

Furuya Metal Co., Ltd.

    200        5,749   

Fuso Pharmaceutical Industries, Ltd. (c)

    34,000        115,849   

Futaba Corp. (c)

    15,900        204,900   

Futaba Industrial Co., Ltd. (c)

    29,200        118,146   

Future Architect, Inc.

    90        34,508   

Fuyo General Lease Co., Ltd.

    8,000        233,923   

G-Tekt Corp.

    2,500        52,933   

Gakken Co., Ltd. (c)

    23,000        60,009   

Gecoss Corp.

    7,700        45,484   

Genki Sushi Co., Ltd.

    2,200        28,337   

Geo Corp. (c)

    147        168,352   

 

MSF-97


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

GLOBERIDE, Inc.

    45,000      $ 52,455   

Glory, Ltd.

    23,600        550,668   

GMO internet, Inc.

    30,400        206,328   

GMO Payment Gateway, Inc. (c)

    2,900        52,205   

Godo Steel, Ltd.

    81,000        133,782   

Goldcrest Co., Ltd. (c)

    8,830        135,870   

Goldwin, Inc. (a) (c)

    18,000        109,094   

Gourmet Kineya Co., Ltd.

    3,000        20,277   

GSI Creos Corp. (a)

    28,000        36,505   

Gulliver International Co., Ltd. (c)

    3,360        95,983   

Gun-Ei Chemical Industry Co., Ltd.

    27,000        69,702   

GungHo Online Entertainment, Inc. (a)

    18        73,457   

Gunze, Ltd. (c)

    90,000        230,951   

Gurunavi, Inc. (c)

    3,000        33,954   

H-One Co., Ltd.

    2,200        19,161   

H2O Retailing Corp. (c)

    22,000        251,369   

HABA Laboratories, Inc.

    100        3,411   

Hagihara Industries, Inc.

    1,300        21,100   

Hajime Construction Co., Ltd.

    1,000        35,239   

Hakudo Co., Ltd.

    500        4,724   

Hakuto Co., Ltd.

    8,500        77,968   

Hakuyosha Co., Ltd.

    2,000        5,391   

Hamakyorex Co., Ltd.

    3,300        103,487   

Hanwa Co., Ltd. (c)

    96,000        333,164   

Happinet Corp.

    6,000        49,956   

Harashin Narus Holdings Co., Ltd.

    6,000        112,359   

Hard Off Corp. Co., Ltd.

    3,800        25,639   

Harima Chemicals, Inc.

    7,100        33,825   

Haruyama Trading Co., Ltd.

    2,300        11,905   

Haseko Corp.

    605,500        386,279   

Hayashikane Sangyo Co., Ltd.

    26,000        20,640   

Hazama Corp.

    42,000        87,181   

Heiwa Real Estate Co., Ltd.

    22,200        255,501   

Heiwado Co., Ltd.

    15,200        220,764   

HI-LEX Corp.

    3,600        52,339   

Hibiya Engineering, Ltd. (c)

    12,600        164,006   

Hiday Hidaka Corp.

    4,560        74,912   

Higashi Nihon House Co., Ltd.

    15,000        59,456   

Himaraya Co., Ltd.

    800        6,692   

Hioki EE Corp.

    3,700        63,957   

Hiramatsu, Inc.

    43        41,097   

Hirano Tecseed Co., Ltd.

    500        2,751   

HIS Co., Ltd.

    9,900        310,788   

Hisaka Works, Ltd.

    12,000        82,762   

Hitachi Cable, Ltd. (c)

    92,000        123,468   

Hitachi Koki Co., Ltd. (c)

    23,900        182,095   

Hitachi Kokusai Electric, Inc. (c)

    24,000        158,911   

Hitachi Medical Corp.

    9,000        106,953   

Hitachi Metals Techno, Ltd.

    2,000        13,244   

Hitachi Tool Engineering, Ltd.

    7,200        63,616   

Hitachi Zosen Corp. (a)

    323,500        372,405   

Hochiki Corp.

    4,000        20,867   

Hodogaya Chemical Co., Ltd.

    24,000        49,951   

Hogy Medical Co., Ltd. (c)

    6,000        322,021   

Hohsui Corp.

    31,000        39,300   

Hokkaido Gas Co., Ltd.

    24,000        73,792   

Hokkan Holdings, Ltd.

    26,000        77,850   

Hokko Chemical Industry Co., Ltd.

    8,000        23,886   

Hokuetsu Industries Co., Ltd.

    4,000        9,018   

Japan—(Continued)

  

Hokuetsu Paper Mills, Ltd. (c)

    57,000      $ 282,484   

Hokuriku Electric Industry Co., Ltd.

    37,000        39,607   

Hokuriku Electrical Construction Co., Ltd.

    1,000        2,891   

Hokuriku Gas Co., Ltd.

    5,000        13,140   

Hokuto Corp. (c)

    9,900        209,243   

Honeys Co., Ltd. (c)

    9,040        138,654   

Honshu Chemical Industry Co., Ltd.

    2,000        10,533   

Hoosiers Corp.

    135        91,563   

Horiba, Ltd. (c)

    12,700        373,391   

Hosiden Corp.

    34,700        192,268   

Hosokawa Micron Corp.

    16,000        88,052   

Howa Machinery, Ltd.

    56,000        53,060   

Hulic Co., Ltd.

    41,400        250,107   

Hurxley Corp.

    800        6,137   

I-Net Corp.

    3,200        24,349   

IBJ Leasing Co., Ltd. (c)

    7,200        179,076   

Ichibanya Co., Ltd. (c)

    3,500        111,000   

Ichigo Group Holdings Co., Ltd. (a)

    60        6,896   

Ichikoh Industries, Ltd.

    26,000        39,883   

Ichinen Holdings Co., Ltd.

    8,600        48,469   

Ichiyoshi Securities Co., Ltd. (c)

    19,100        95,103   

Icom, Inc.

    4,400        106,313   

IDEC Corp. (c)

    13,600        118,108   

Ihara Chemical Industry Co., Ltd.

    19,000        96,778   

Iida Home Max (c)

    11,100        103,076   

Iino Kaiun Kaisha, Ltd. (c)

    40,100        137,353   

Ikyu Corp.

    70        32,641   

Imasen Electric Industrial

    8,300        104,704   

Imperial Hotel, Ltd.

    650        17,526   

Inaba Denki Sangyo Co., Ltd. (c)

    7,800        222,553   

Inaba Seisakusho Co., Ltd.

    6,900        87,607   

Inabata & Co., Ltd.

    26,900        174,321   

Inageya Co., Ltd.

    11,000        136,260   

INES Corp.

    18,100        110,669   

Infocom Corp.

    21        23,084   

Information Services International-Dentsu, Ltd.

    7,300        74,348   

Innotech Corp.

    7,800        34,061   

Intage, Inc.

    3,500        74,664   

Internet Initiative Japan, Inc. (c)

    10,800        293,852   

Inui Steamship Co., Ltd.

    13,300        32,852   

Iriso Electronics Co., Ltd.

    2,300        32,737   

Ise Chemical Corp. (c)

    4,000        22,276   

Iseki & Co., Ltd. (c)

    105,000        254,113   

Ishihara Sangyo Kaisha, Ltd. (a) (c)

    171,000        131,377   

Ishii Iron Works Co., Ltd.

    11,000        17,996   

Ishizuka Glass Co., Ltd.

    5,000        8,853   

IT Holdings Corp.

    41,900        543,084   

ITC Networks Corp. (c)

    8,300        62,454   

ITFOR, Inc.

    10,300        37,414   

Ito En, Ltd. (c)

    18,400        367,266   

Itochu Enex Co., Ltd. (c)

    24,900        132,581   

Itochu-Shokuhin Co., Ltd.

    2,600        96,940   

Itoham Foods, Inc. (c)

    62,000        271,673   

Itoki Corp. (c)

    22,700        134,716   

Iwai Securities Co., Ltd.

    8,600        31,069   

Iwaki & Co., Ltd.

    14,000        30,672   

Iwasaki Electric Co., Ltd.

    38,000        57,417   

IWATANI Corp. (c)

    80,000        290,067   

Iwatsu Electric Co., Ltd.

    43,000        31,395   

 

MSF-98


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Izumiya Co., Ltd.

    38,000      $ 193,275   

Izutsuya Co., Ltd. (a)

    46,000        27,996   

J Trust Co., Ltd.

    1,100        12,737   

J-Oil Mills, Inc. (c)

    56,000        155,683   

Jalux, Inc.

    2,100        23,275   

Janome Sewing Machine Co., Ltd.

    96,000        68,584   

Japan Airport Terminal Co., Ltd. (c)

    18,100        214,273   

Japan Asia Investment Co., Ltd. (c)

    55,000        33,099   

Japan Aviation Electronics Industry, Ltd. (c)

    23,000        193,206   

Japan Bridge Corp. (a) (c)

    29,350        97,744   

Japan Carlit Co., Ltd.

    7,300        36,827   

Japan Cash Machine Co., Ltd. (c)

    7,500        69,473   

Japan Digital Laboratory Co., Ltd.

    11,600        125,624   

Japan Drilling Co., Ltd. (c)

    2,500        70,313   

Japan Foundation Engineering Co., Ltd.

    14,100        44,248   

Japan Medical Dynamic Marketing, Inc.

    3,000        9,305   

Japan Oil Transportation Co., Ltd.

    1,000        2,370   

Japan Pulp & Paper Co., Ltd. (c)

    34,000        114,253   

Japan Pure Chemical Co., Ltd.

    21        51,386   

Japan Radio Co., Ltd.

    25,000        61,185   

Japan Transcity Corp.

    21,000        76,405   

Japan Vilene Co., Ltd.

    13,000        57,553   

Jastec Co., Ltd.

    5,100        34,456   

JBCC Holdings, Inc.

    7,500        51,971   

JCR Pharmaceuticals Co., Ltd.

    1,100        13,764   

Jeol, Ltd.

    32,000        71,724   

JFE Shoji Trade Corp. (c)

    45,000        163,762   

Jidosha Buhin Kogyo Co., Ltd.

    5,000        16,200   

JK Holdings Co., Ltd.

    2,600        15,327   

JMS Co., Ltd.

    13,000        42,826   

Joban Kosan Co., Ltd. (c)

    23,000        32,942   

Joshin Denki Co., Ltd. (c)

    19,000        224,237   

JP-Holdings, Inc. (c)

    4,800        62,099   

JSP Corp.

    10,700        157,063   

Juki Corp. (c)

    70,000        88,719   

Justsystems Corp. (a)

    11,500        27,104   

JVC KENWOOD Holdings, Inc. (c)

    81,800        292,162   

kabu.com Securities Co., Ltd. (c)

    39,100        113,644   

Kadokawa Group Holdings, Inc. (c)

    7,800        230,717   

Kaga Electronics Co., Ltd. (c)

    11,800        114,201   

Kaken Pharmaceutical Co., Ltd. (c)

    39,000        582,369   

Kameda Seika Co., Ltd.

    6,500        163,056   

Kamei Corp. (c)

    15,000        145,403   

Kanaden Corp.

    11,000        68,776   

Kanagawa Chuo Kotsu Co., Ltd.

    15,000        92,166   

Kanamoto Co., Ltd.

    15,000        173,955   

Kandenko Co., Ltd.

    48,000        229,135   

Kanematsu Corp. (a) (c)

    218,000        254,024   

Kanematsu Electronics, Ltd. (c)

    7,500        83,782   

Kanematsu-NNK Corp. (a) (c)

    18,000        28,851   

Kansai Urban Banking Corp.

    29,000        38,625   

Kanto Denka Kogyo Co., Ltd. (c)

    23,000        36,810   

Kanto Natural Gas Development, Ltd.

    13,000        71,111   

Kappa Create Co., Ltd. (c)

    6,000        137,065   

Kasai Kogyo Co., Ltd.

    12,000        49,781   

Kasumi Co., Ltd.

    22,300        148,280   

Katakura Chikkarin Co., Ltd.

    8,000        20,220   

Katakura Industries Co., Ltd.

    12,400        115,488   

Kato Sangyo Co., Ltd. (c)

    9,500        182,472   

Japan—(Continued)

  

Kato Works Co., Ltd.

    27,000      $ 71,368   

KAWADA TECHNOLOGIES, Inc.

    1,400        20,609   

Kawai Musical Instruments Manufacturing Co., Ltd.

    44,000        100,020   

Kawasaki Kinkai Kisen Kaisha

    7,000        16,445   

Kawasaki Kisen Kaisha, Ltd. (c)

    367,000        460,404   

Kawasumi Laboratories, Inc.

    6,700        39,067   

Keihanshin Real Estate Co., Ltd.

    9,700        44,106   

Keihin Corp. (c)

    19,400        226,104   

Keiyo Co., Ltd. (c)

    16,200        93,416   

Kenedix, Inc. (c)

    1,358        157,988   

Kentucky Fried Chicken Japan, Ltd.

    4,000        105,587   

KEY Coffee, Inc. (c)

    8,400        164,221   

KI Holdings Co., Ltd.

    7,000        8,775   

Kimoto Co., Ltd.

    8,900        46,895   

Kimura Chemical Plants Co., Ltd.

    7,500        25,238   

King Jim Co., Ltd.

    5,800        46,374   

Kinki Nippon Tourist Co., Ltd. (c)

    34,000        43,800   

Kinki Sharyo Co., Ltd.

    21,000        67,777   

Kintetsu World Express, Inc. (c)

    6,500        207,962   

Kinugawa Rubber Industrial Co., Ltd. (c)

    21,000        110,519   

Kirayaka Bank, Ltd.

    49,500        65,332   

Kisoji Co., Ltd. (c)

    10,800        227,704   

Kissei Pharmaceutical Co., Ltd. (c)

    14,600        260,541   

Kitagawa Iron Works Co., Ltd.

    44,000        72,694   

Kitano Construction Corp.

    22,000        50,454   

Kito Corp.

    49        39,369   

Kitz Corp.

    49,300        211,491   

Kiyo Holdings, Inc.

    335,000        484,779   

KOA Corp. (c)

    17,900        152,226   

Koatsu Gas Kogyo Co., Ltd.

    14,000        79,811   

Kohnan Shoji Co., Ltd. (c)

    16,800        198,417   

Kohsoku Corp.

    4,000        35,928   

Koike Sanso Kogyo Co., Ltd.

    7,000        17,350   

Kojima Co., Ltd. (c)

    12,000        32,587   

Kokusai Co., Ltd.

    500        3,908   

Kokuyo Co., Ltd. (c)

    44,600        361,317   

KomaiHaltec, Inc.

    20,000        52,768   

Komatsu Seiren Co., Ltd.

    19,000        92,390   

Komatsu Wall Industry Co., Ltd.

    3,800        49,378   

Komeri Co., Ltd. (c)

    14,000        355,610   

Komori Corp. (c)

    41,600        211,029   

Konaka Co., Ltd. (c)

    8,300        76,110   

Kondotec, Inc.

    7,100        44,060   

Konishi Co., Ltd.

    8,500        130,340   

Kosaido Co., Ltd.

    3,700        12,172   

Kose Corp. (c)

    13,300        309,931   

Kosei Securities Co., Ltd.

    22,000        20,554   

Kourakuen Corp. (c)

    5,000        75,966   

Krosaki Harima Corp. (c)

    24,000        63,610   

KRS Corp.

    3,700        41,955   

KU Holdings Co., Ltd.

    700        4,009   

Kumagai Gumi Co., Ltd.

    90,000        80,552   

Kumiai Chemical Industry Co., Ltd. (c)

    26,000        131,431   

Kura Corp.

    5,500        79,523   

Kurabo Industries, Ltd.

    125,000        204,929   

KUREHA Corp.

    56,000        222,413   

Kurimoto, Ltd.

    63,000        217,033   

Kuroda Electric Co., Ltd.

    16,000        193,787   

 

MSF-99


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Kusuri No Aoki Co., Ltd. (c)

    1,700      $ 82,496   

KYB Co., Ltd. (c)

    69,000        245,503   

Kyoden Co., Ltd.

    3,200        4,713   

Kyodo Printing Co., Ltd.

    43,000        99,913   

Kyodo Shiryo Co., Ltd.

    30,000        35,486   

Kyoei Steel, Ltd. (c)

    9,200        161,831   

Kyoei Tanker Co., Ltd. (c)

    9,000        18,310   

Kyokuto Boeki Kaisha, Ltd.

    9,000        14,638   

Kyokuto Kaihatsu Kogyo Co., Ltd. (c)

    20,200        168,912   

Kyokuto Securities Co., Ltd.

    11,900        86,254   

Kyokuyo Co., Ltd.

    41,000        90,887   

Kyorin Co., Ltd.

    25,000        615,826   

Kyoritsu Maintenance Co., Ltd.

    5,300        117,189   

Kyoritsu Printing Co., Ltd. (c)

    6,800        21,689   

Kyosan Electric Manufacturing Co., Ltd.

    27,000        92,500   

Kyoto Kimono Yuzen Co., Ltd.

    6,200        76,527   

Kyowa Electronics Instruments Co., Ltd.

    8,000        25,272   

Kyowa Exeo Corp. (c)

    40,900        482,982   

Kyowa Leather Cloth Co., Ltd.

    3,300        11,455   

Kyudenko Corp.

    23,000        112,930   

Laox Co., Ltd. (a)

    49,000        15,636   

Lasertec Corp.

    4,300        81,941   

LEC, Inc.

    3,200        42,149   

Leopalace21 Corp.

    75,300        226,560   

Life Corp.

    15,500        243,193   

Lintec Corp.

    12,100        220,322   

Lion Corp.

    40,000        232,781   

Look, Inc. (a) (c)

    17,000        112,127   

Macnica, Inc.

    5,700        118,695   

Macromill, Inc. (c)

    11,400        143,438   

Maeda Corp. (c)

    66,000        312,122   

Maeda Road Construction Co., Ltd.

    31,000        403,558   

Maezawa Kasei Industries Co., Ltd.

    6,800        76,631   

Maezawa Kyuso Industries Co., Ltd.

    4,700        66,069   

Makino Milling Machine Co., Ltd. (c)

    48,000        216,236   

Mamiya-Op Co., Ltd. (a)

    21,000        39,538   

Mandom Corp. (c)

    7,500        196,218   

Mars Engineering Corp. (c)

    4,300        112,600   

Marubun Corp.

    7,200        30,716   

Marudai Food Co., Ltd.

    60,000        222,129   

Maruei Department Store Co., Ltd.

    19,000        19,741   

Marufuji Sheet Piling Co., Ltd.

    13,000        29,430   

Maruha Nichiro Holdings, Inc.

    177,000        284,759   

Maruka Machinery Co., Ltd.

    2,400        29,068   

Marukyu Co., Ltd.

    700        7,117   

Marusan Securities Co., Ltd.

    33,700        100,108   

Maruwa Co., Ltd. (c)

    4,400        140,124   

Maruyama Manufacturing Co.Inc

    18,000        34,970   

Maruzen CHI Holdings Co., Ltd. (a) (c)

    18,800        53,994   

Maruzen Showa Unyu Co., Ltd.

    31,000        102,436   

Marvelous AQL, Inc.

    118        29,658   

Matsuda Sangyo Co., Ltd.

    7,400        105,154   

Matsui Construction Co., Ltd.

    9,000        37,764   

Matsui Securities Co., Ltd. (c)

    52,900        337,268   

Matsumotokiyoshi Holdings Co., Ltd. (c)

    13,300        328,316   

Matsuya Co., Ltd. (c)

    15,500        173,093   

Matsuya Foods Co., Ltd.

    3,900        72,987   

Max Co., Ltd.

    18,000        211,665   

Maxvalu Tokai Co., Ltd.

    5,000        71,985   

Japan—(Continued)

  

MEC Co., Ltd.

    7,000      $ 20,163   

Medical System Network Co., Ltd. (c)

    2,700        20,182   

Megachips Corp. (c)

    10,100        223,138   

Megane TOP Co., Ltd. (c)

    16,200        187,032   

Megmilk Snow Brand Co., Ltd. (c)

    19,000        336,605   

Meidensha Corp.

    75,000        256,890   

Meiji Shipping Co., Ltd. (c)

    8,500        31,567   

Meiko Electronics Co., Ltd. (c)

    3,600        27,932   

Meiko Network Japan Co., Ltd.

    7,200        74,687   

Meisei Electric Co., Ltd. (a) (c)

    24,000        21,486   

Meisei Industrial Co., Ltd. (c)

    7,000        19,756   

Meitec Corp. (c)

    14,000        318,344   

Meito Sangyo Co., Ltd.

    4,500        61,052   

Meito Transportation Co., Ltd.

    1,400        10,786   

Meiwa Corp. (c)

    8,600        39,018   

Meiwa Estate Co., Ltd.

    8,300        37,227   

Melco Holdings, Inc. (c)

    5,600        108,197   

Message Co., Ltd. (c)

    20        72,465   

Micronics Japan Co., Ltd. (a)

    3,800        9,765   

Mikuni Coca-Cola Bottling Co., Ltd. (c)

    14,900        130,532   

Milbon Co., Ltd. (c)

    5,000        167,496   

Mimasu Semiconductor Industry Co., Ltd.

    9,300        70,878   

Minebea Co., Ltd. (c)

    59,000        198,650   

Ministop Co., Ltd. (c)

    7,100        118,249   

Miraial Co., Ltd.

    1,700        28,766   

Mirait Holdings Corp. (c)

    31,200        251,175   

Misawa Homes Co., Ltd. (a)

    15,900        240,862   

Mitani Corp.

    9,700        112,204   

Mito Securities Co., Ltd.

    32,000        58,564   

Mitsuba Corp.

    19,000        126,384   

Mitsubishi Kakoki Kaisha, Ltd.

    36,000        58,540   

Mitsubishi Paper Mills, Ltd. (c)

    162,000        138,530   

Mitsubishi Pencil Co., Ltd.

    8,300        156,398   

Mitsubishi Research Institute, Inc. (c)

    1,900        40,244   

Mitsubishi Shokuhin Co., Ltd.

    3,500        91,358   

Mitsubishi Steel Manufacturing Co., Ltd.

    73,000        132,712   

Mitsuboshi Belting Co., Ltd.

    28,000        163,538   

Mitsui Engineering & Shipbuilding Co., Ltd. (c)

    378,000        433,412   

Mitsui High-Tec, Inc. (c)

    15,700        108,328   

Mitsui Home Co., Ltd. (c)

    14,000        72,930   

Mitsui Knowledge Industry Co., Ltd.

    338        57,744   

Mitsui Matsushima Co., Ltd. (c)

    63,000        88,739   

Mitsui Mining & Smelting Co., Ltd. (c)

    256,000        540,380   

Mitsui Sugar Co., Ltd.

    54,000        179,868   

Mitsui-Soko Co., Ltd.

    53,000        179,031   

Mitsumi Electric Co., Ltd. (c)

    47,100        251,546   

Mitsumura Printing Co., Ltd.

    5,000        15,357   

Mitsuuroko Co., Ltd.

    13,800        104,856   

Miura Co., Ltd. (c)

    12,700        307,451   

Miyachi Corp.

    6,100        40,354   

Miyaji Engineering Group, Inc. (a) (c)

    27,000        43,300   

Miyoshi Oil & Fat Co., Ltd.

    40,000        49,412   

Mizuno Corp.

    36,000        180,285   

Mochida Pharmaceutical Co., Ltd. (c)

    33,000        408,341   

Modec, Inc.

    8,400        165,223   

Monex Beans Holdings, Inc. (c)

    1,102        179,595   

Mori Seiki Co., Ltd. (c)

    42,200        267,396   

Morinaga & Co., Ltd. (c)

    75,000        172,888   

Morinaga Milk Industry Co., Ltd.

    100,000        340,845   

 

MSF-100


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Morita Holdings Corp.

    17,000      $ 129,389   

Morozoff, Ltd.

    13,000        45,948   

Mory Industries, Inc.

    18,000        55,114   

MOS Food Services, Inc. (c)

    10,200        201,773   

Moshi Moshi Hotline, Inc.

    20,900        302,571   

Mr Max Corp.

    10,500        42,135   

MTI, Ltd.

    30        28,859   

Murakami Corp.

    3,000        35,370   

Musashi Seimitsu Industry Co., Ltd. (c)

    10,000        182,107   

Mutoh Holdings Co., Ltd. (a) (c)

    11,000        25,780   

NAC Co., Ltd.

    2,100        50,445   

Nachi-Fujikoshi Corp. (c)

    77,000        222,753   

Nafco Co., Ltd.

    100        1,792   

Nagaileben Co., Ltd.

    7,200        113,620   

Nagano Keiki Co., Ltd.

    3,600        32,891   

Nagatanien Co., Ltd.

    12,000        121,046   

Nagawa Co., Ltd.

    800        14,989   

Nakabayashi Co., Ltd.

    24,000        56,073   

Nakamuraya Co., Ltd. (c)

    21,000        111,014   

Nakano Corp.

    4,000        7,017   

Nakayama Steel Works, Ltd.

    63,000        31,785   

Nakayamafuku Co., Ltd.

    600        4,786   

Namura Shipbuilding Co., Ltd.

    3,900        12,090   

Natori Co., Ltd.

    2,800        30,309   

NEC Fielding, Ltd.

    8,300        101,442   

NEC Leasing, Ltd.

    5,500        75,355   

NEC Mobiling, Ltd. (c)

    4,300        168,876   

NEC Networks & System Integration Corp.

    9,900        165,662   

NET One Systems Co., Ltd. (c)

    37,400        470,846   

Neturen Co., Ltd. (c)

    15,700        96,631   

New Japan Chemical Co., Ltd. (c)

    15,400        74,483   

Nice Holdings, Inc.

    36,000        82,066   

Nichia Steel Works, Ltd.

    13,000        31,262   

Nichias Corp.

    43,000        229,669   

Nichiban Co., Ltd.

    14,000        46,452   

Nichicon Corp. (c)

    27,200        189,000   

Nichiden Corp.

    4,000        110,449   

Nichiha Corp.

    12,300        151,238   

Nichii Gakkan Co. (c)

    16,100        154,873   

Nichimo Co., Ltd.

    16,000        32,620   

Nichirei Corp. (c)

    130,000        711,053   

Nichireki Co., Ltd. (c)

    13,000        66,661   

Nidec Copal Corp. (c)

    6,500        52,006   

Nidec Copal Electronics Corp.

    8,300        44,610   

Nidec Sankyo Corp.

    16,000        80,164   

Nidec-Tosok Corp.

    6,300        50,596   

Nifco, Inc. (c)

    21,400        494,119   

NIFTY Corp.

    36        64,481   

Nihon Chouzai Co., Ltd.

    1,150        30,304   

Nihon Dempa Kogyo Co., Ltd. (c)

    9,600        107,262   

Nihon Eslead Corp.

    4,100        33,933   

Nihon Kagaku Sangyo Co., Ltd.

    3,000        19,220   

Nihon Kohden Corp.

    16,800        582,899   

Nihon M&A Center, Inc.

    5,000        144,958   

Nihon Nohyaku Co., Ltd. (c)

    26,000        125,396   

Nihon Parkerizing Co., Ltd.

    22,000        332,426   

Nihon Plast Co., Ltd.

    2,500        15,050   

Nihon Shokuhin Kako Co., Ltd.

    3,000        11,879   

Nihon Tokushu Toryo Co., Ltd.

    2,200        9,429   

Japan—(Continued)

  

Nihon Trim Co., Ltd.

    1,200      $ 31,165   

Nihon Unisys, Ltd. (c)

    29,000        208,728   

Nihon Yamamura Glass Co., Ltd. (c)

    54,000        128,692   

Nikkato Corp.

    300        1,876   

Nikkiso Co., Ltd. (c)

    28,000        345,017   

Nikko Co., Ltd. (c)

    14,000        54,721   

Nippo Corp. (c)

    31,000        359,353   

Nippon Beet Sugar Manufacturing Co., Ltd. (c)

    71,000        138,054   

Nippon Carbide Industries Co., Inc. (a)

    43,000        55,060   

Nippon Carbon Co., Ltd.

    62,000        113,538   

Nippon Ceramic Co., Ltd.

    8,500        106,377   

Nippon Chemi-Con Corp. (c)

    75,000        124,794   

Nippon Chemical Industrial Co., Ltd.

    49,000        60,016   

Nippon Chemiphar Co., Ltd.

    14,000        85,195   

Nippon Coke & Engineering Co.

    126,500        158,852   

Nippon Columbia Co., Ltd. (a)

    81,000        22,725   

Nippon Concrete Industries Co., Ltd.

    14,000        43,569   

Nippon Conveyor Co., Ltd.

    24,000        21,521   

Nippon Denko Co., Ltd.

    51,000        129,075   

Nippon Densetsu Kogyo Co., Ltd.

    21,000        203,729   

Nippon Denwa Shisetsu Co., Ltd.

    22,000        69,681   

Nippon Felt Co., Ltd.

    6,000        30,826   

Nippon Filcon Co., Ltd.

    5,200        25,401   

Nippon Fine Chemical Co., Ltd.

    5,800        40,644   

Nippon Flour Mills Co., Ltd.

    58,000        258,566   

Nippon Formula Feed Manufacturing Co., Ltd.

    32,000        41,803   

Nippon Gas Co., Ltd. (c)

    13,200        197,984   

Nippon Hume Corp.

    11,000        51,995   

Nippon Jogesuido Sekkei Co., Ltd. (c)

    28        37,278   

Nippon Kanzai Co., Ltd.

    2,600        51,267   

Nippon Kasei Chemical Co., Ltd.

    18,000        22,593   

Nippon Kinzoku Co., Ltd.

    29,000        40,107   

Nippon Kodoshi Corp.

    700        6,232   

Nippon Koei Co., Ltd.

    42,000        149,760   

Nippon Konpo Unyu Soko Co., Ltd.

    28,400        367,730   

Nippon Koshuha Steel Co., Ltd.

    47,000        46,952   

Nippon Light Metal Co., Ltd. (c)

    254,000        247,360   

Nippon Metal Industry Co., Ltd. (c)

    66,000        38,903   

Nippon Paper Group, Inc. (c)

    12,500        147,400   

Nippon Parking Development Co., Ltd.

    803        41,821   

Nippon Pillar Packing Co., Ltd.

    13,000        88,559   

Nippon Piston Ring Co., Ltd.

    43,000        71,151   

Nippon Rietec Co., Ltd.

    5,000        23,735   

Nippon Seiki Co., Ltd.

    21,000        209,826   

Nippon Seiro Co., Ltd.

    2,000        5,804   

Nippon Seisen Co., Ltd.

    10,000        41,033   

Nippon Sharyo, Ltd. (c)

    32,000        112,287   

Nippon Sheet Glass Co., Ltd. (c)

    393,000        272,530   

Nippon Shinyaku Co., Ltd.

    27,000        343,826   

Nippon Signal Co., Ltd. (c)

    29,200        179,574   

Nippon Soda Co., Ltd.

    66,000        284,785   

Nippon Steel Trading Co., Ltd.

    30,000        73,919   

Nippon Suisan Kaisha, Ltd. (c)

    103,700        223,161   

Nippon Thompson Co., Ltd. (c)

    45,000        152,117   

Nippon Tungsten Co., Ltd.

    9,000        15,784   

Nippon Valqua Industries, Ltd.

    40,000        109,839   

Nippon Yakin Kogyo Co., Ltd.

    89,000        79,489   

Nippon Yusoki Co., Ltd.

    11,000        31,282   

 

MSF-101


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Nipro Corp. (c)

    55,400      $ 353,951   

Nishimatsu Construction Co., Ltd.

    170,000        259,723   

Nishimatsuya Chain Co., Ltd. (c)

    26,500        220,976   

Nishio Rent All Co., Ltd.

    1,200        13,550   

Nissan Shatai Co., Ltd. (c)

    36,000        403,016   

Nissan Tokyo Sales Holdings Co., Ltd. (a) (c)

    11,000        48,694   

Nissei Corp.

    10,500        97,208   

Nissei Plastic Industrial Co., Ltd.

    5,600        22,443   

Nissen Holdings Co., Ltd. (c)

    17,900        74,524   

Nissha Printing Co., Ltd. (c)

    16,400        152,862   

Nisshin Fudosan Co.

    8,400        49,053   

Nisshin Steel Co., Ltd. (c)

    170,000        182,983   

Nisshinbo Holdings, Inc. (c)

    16,000        105,303   

Nissin Corp.

    38,000        100,042   

Nissin Electric Co., Ltd. (c)

    21,000        124,518   

Nissin Kogyo Co., Ltd. (c)

    16,400        213,438   

Nissin Sugar Holdings Co., Ltd. (a)

    1,800        34,508   

Nissui Pharmaceutical Co., Ltd.

    4,900        49,903   

Nitta Corp.

    10,100        159,571   

Nittan Valve Co., Ltd.

    6,300        20,980   

Nittetsu Mining Co., Ltd.

    33,000        135,718   

Nitto Boseki Co., Ltd. (c)

    88,000        295,491   

Nitto Fuji Flour Milling Co., Ltd.

    4,000        15,338   

Nitto Kogyo Corp. (c)

    15,100        233,052   

Nitto Kohki Co., Ltd. (c)

    5,300        125,255   

Nitto Seiko Co., Ltd.

    12,000        32,403   

Nittoc Construction Co., Ltd.

    8,750        27,108   

Nittoku Engineering Co., Ltd.

    5,300        61,215   

Noevir Holdings Co., Ltd. (a)

    9,900        142,057   

NOF Corp. (c)

    75,000        361,207   

Nohmi Bosai, Ltd. (c)

    13,000        84,319   

Nomura Co., Ltd.

    21,000        67,250   

Noritake Co., Ltd.

    67,000        168,198   

Noritsu Koki Co., Ltd.

    8,000        35,667   

Noritz Corp.

    10,500        185,060   

NS Solutions Corp. (c)

    9,000        189,694   

NS United Kaiun Kaisha, Ltd.

    60,000        62,996   

NSD Co., Ltd.

    20,900        203,982   

NTN Corp. (c)

    32,000        64,313   

Obara Corp. (c)

    6,400        77,525   

Obayashi Road Corp.

    16,000        37,086   

OBIC Business Consultants, Ltd.

    2,100        118,967   

Oenon Holdings, Inc.

    34,000        85,376   

Ohara, Inc.

    3,100        25,376   

Oiles Corp. (c)

    14,000        290,501   

Okabe Co., Ltd.

    25,700        161,967   

Okamoto Industries, Inc.

    31,000        130,663   

Okamoto Machine Tool Works, Ltd.

    18,000        18,405   

Okamura Corp. (c)

    30,000        230,638   

Okasan Securities Group, Inc.

    89,000        332,753   

Okaya Electric Indstries Co., Ltd.

    5,000        19,869   

OKI Electric Cable Co., Ltd.

    6,000        9,403   

OKI Electric Industry Co., Ltd. (c)

    289,000        329,302   

OKK Corp.

    41,000        46,727   

Okuma Holdings, Inc. (c)

    60,000        354,036   

Okumura Corp. (c)

    85,000        279,788   

Okura Industrial Co., Ltd.

    26,000        63,951   

Okuwa Co., Ltd.

    9,000        136,253   

Olympic Corp.

    7,800        79,429   

Japan—(Continued)

  

ONO Sokki Co., Ltd.

    11,000      $ 50,584   

Onoken Co., Ltd.

    6,800        53,880   

Onward Holdings Co., Ltd. (c)

    62,000        494,013   

Optex Co., Ltd.

    5,100        57,311   

Organo Corp.

    19,000        116,817   

Origin Electric Co., Ltd.

    16,000        57,780   

Osaka Organic Chemical Industry, Ltd.

    7,300        33,549   

Osaka Steel Co., Ltd. (c)

    8,300        135,480   

OSAKA Titanium Technologies Co. (c)

    6,900        141,415   

Osaki Electric Co., Ltd.

    15,000        88,745   

OSG Corp. (c)

    32,800        454,636   

Otsuka Kagu, Ltd.

    1,400        13,471   

OUG Holdings, Inc.

    6,000        11,222   

Oyo Corp.

    11,800        141,908   

Pacific Industrial Co., Ltd.

    24,000        134,001   

Pacific Metals Co., Ltd. (c)

    66,000        224,779   

Pal Co, Ltd.

    2,650        151,870   

Paltac Corp.

    7,350        105,910   

PanaHome Corp.

    35,000        203,998   

Panasonic Electric Works Information Systems Co., Ltd.

    1,700        40,882   

Panasonic Electric Works SUNX Co., Ltd.

    8,300        36,460   

Paramount Bed Holdings Co., Ltd. (c)

    6,400        210,293   

Parco Co., Ltd.

    4,400        47,109   

Paris Miki, Inc.

    15,100        88,880   

Pasco Corp. (a)

    11,000        33,813   

Pasona Group, Inc.

    94        60,966   

Penta-Ocean Construction Co., Ltd. (c)

    136,500        328,408   

PIA Corp. (a)

    2,300        29,278   

Pigeon Corp. (c)

    8,000        365,517   

Pilot Corp.

    68        127,879   

Piolax, Inc.

    5,900        123,017   

Pioneer Corp. (c)

    126,200        308,531   

Plenus Co., Ltd. (c)

    8,900        154,504   

Point, Inc. (c)

    7,080        255,314   

Press Kogyo Co., Ltd. (c)

    51,000        203,662   

Pressance Corp.

    3,100        54,091   

Prima Meat Packers, Ltd.

    72,000        131,905   

Pronexus, Inc.

    12,300        74,704   

Proto Corp.

    2,800        43,819   

PS Mitsubishi Construction Co., Ltd. (c)

    9,900        41,830   

Raito Kogyo Co., Ltd.

    27,100        121,470   

Rasa Industries, Ltd.

    46,000        41,817   

Relo Holdings, Inc.

    5,400        189,105   

Renaissance, Inc.

    1,200        8,303   

Rengo Co., Ltd. (c)

    26,000        119,058   

Renown, Inc. (a)

    20,800        30,226   

Resort Solution Co., Ltd.

    4,000        8,234   

Resort Trust, Inc. (c)

    13,100        243,550   

Rheon Automatic Machinery Co., Ltd.

    5,000        12,130   

Rhythm Watch Co., Ltd.

    56,000        112,578   

Ricoh Leasing Co., Ltd. (c)

    7,900        191,601   

Right On Co., Ltd.

    7,900        67,593   

Riken Corp. (c)

    48,000        176,412   

Riken Keiki Co., Ltd.

    7,400        48,251   

Riken Technos Corp.

    19,000        50,198   

Riken Vitamin Co., Ltd.

    3,100        86,513   

Ringer Hut Co., Ltd. (c)

    9,700        129,873   

Riso Kagaku Corp.

    10,179        177,042   

 

MSF-102


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Riso Kyoiku Co., Ltd.

    1,159      $ 89,346   

Rock Field Co., Ltd.

    5,500        104,303   

Rohto Pharmaceutical Co., Ltd.

    37,000        558,896   

Roland Corp.

    8,300        57,516   

Roland DG Corp.

    5,600        66,128   

Round One Corp. (c)

    41,900        201,217   

Royal Holdings Co., Ltd.

    14,900        186,513   

Ryobi, Ltd. (c)

    72,000        154,054   

Ryoden Trading Co., Ltd.

    18,000        106,106   

Ryohin Keikaku Co., Ltd.

    10,500        662,323   

Ryosan Co., Ltd. (c)

    16,400        294,271   

Ryoyo Electro Corp. (c)

    8,600        89,827   

S&B Foods, Inc. (c)

    2,000        17,715   

S. Foods, Inc.

    6,000        56,963   

Sagami Chain Co., Ltd.

    9,000        71,042   

Saibu Gas Co., Ltd.

    150,000        425,529   

Saizeriya Co., Ltd.

    14,700        220,839   

Sakai Chemical Industry Co., Ltd.

    56,000        164,277   

Sakai Heavy Industries, Ltd. (c)

    21,000        61,980   

Sakai Moving Service Co., Ltd.

    700        15,000   

Sakai Ovex Co., Ltd.

    32,000        45,491   

Sakata INX Corp.

    18,000        86,040   

Sakata Seed Corp. (c)

    14,200        189,879   

Sakurada Co., Ltd. (a)

    80,000        11,182   

Sala Corp.

    9,500        67,026   

San Holdings, Inc.

    1,600        28,543   

San-A Co., Ltd.

    3,500        139,648   

San-Ai Oil Co., Ltd.

    34,000        155,101   

San-In Godo Bank, Ltd. (c)

    78,000        566,952   

Sanden Corp. (c)

    70,000        210,575   

Sangetsu Co., Ltd. (c)

    14,300        393,820   

Sanix, inc. (a) (c)

    16,400        50,932   

Sanken Electric Co., Ltd. (c)

    61,000        192,066   

Sanki Engineering Co., Ltd.

    31,000        144,932   

Sanko Marketing Foods Co., Ltd.

    22        25,650   

Sanko Metal Industries Co., Ltd.

    10,000        25,417   

Sankyo Seiko Co., Ltd.

    22,100        74,158   

Sankyo-Tateyama Holdings, Inc.

    142,000        249,751   

Sankyu, Inc. (c)

    118,000        445,783   

Sanoh Industrial Co., Ltd. (c)

    11,400        73,708   

Sanshin Electronics Co., Ltd.

    15,700        117,648   

Sansui Electric Co., Ltd. (a) (b)

    316,000        0   

Sanwa Holdings Corp. (c)

    102,000        398,171   

Sanyo Chemical Industries, Ltd.

    32,000        164,928   

Sanyo Denki Co., Ltd.

    23,000        145,534   

Sanyo Housing Nagoya Co., Ltd.

    40        40,943   

Sanyo Industries, Ltd.

    13,000        22,143   

Sanyo Shokai, Ltd.

    58,000        180,866   

Sanyo Special Steel Co., Ltd. (c)

    51,000        155,767   

Sapporo Hokuyo Holdings, Inc.

    102,600        294,495   

Sapporo Holdings, Ltd. (c)

    144,000        399,000   

Sasebo Heavy Industries Co., Ltd. (c)

    67,000        60,054   

Sata Construction Co., Ltd. (a) (c)

    42,000        29,477   

Sato Corp. (c)

    11,900        178,364   

Sato Shoji Corp.

    5,600        37,438   

Satori Electric Co., Ltd.

    6,500        35,723   

Sawada Holdings Co., Ltd. (a)

    10,300        44,693   

Sawai Pharmaceutical Co., Ltd. (c)

    5,900        684,990   

Saxa Holdings, Inc.

    27,000        44,005   

Japan—(Continued)

  

Scroll Corp.

    15,700      $ 55,621   

SCSK Corp. (c)

    22,872        401,385   

SEC Carbon, Ltd.

    1,000        3,175   

Secom Joshinetsu Co., Ltd.

    900        26,059   

Seibu Electric Industry Co., Ltd.

    2,000        9,121   

Seika Corp.

    29,000        85,619   

Seikagaku Corp. (c)

    13,400        154,539   

Seikitokyu Kogyo Co., Ltd. (a)

    34,000        21,237   

Seiko Holdings Corp.

    67,000        179,994   

Seino Holdings Corp. (c)

    74,000        469,123   

Seiren Co., Ltd. (c)

    27,800        192,956   

Sekisui Jushi Corp.

    16,000        166,894   

Sekisui Plastics Co., Ltd. (c)

    24,000        58,747   

Senko Co., Ltd. (c)

    52,000        225,830   

Senshu Electric Co., Ltd.

    3,200        40,789   

Senshu Ikeda Holdings, Inc. (a)

    61,100        367,523   

Senshukai Co., Ltd.

    18,700        123,043   

Septeni Holdings Co., Ltd.

    24        20,282   

Seria Co., Ltd.

    1,100        18,307   

Shibaura Electronics Co., Ltd.

    1,800        20,979   

Shibaura Mechatronics Corp. (c)

    18,000        29,670   

Shibuya Kogyo Co., Ltd. (c)

    7,800        88,356   

Shidax Corp.

    3,500        15,948   

Shikibo, Ltd.

    72,000        84,566   

Shikoku Chemicals Corp.

    18,000        108,664   

Shima Seiki Manufacturing, Ltd. (c)

    13,300        191,652   

Shimachu Co., Ltd.

    23,200        484,412   

Shimojima Co., Ltd. (c)

    5,500        71,552   

Shin Nippon Air Technologies Co., Ltd.

    6,000        33,434   

Shin Nippon Biomedical Laboratories, Ltd.

    3,800        9,601   

Shin-Etsu Polymer Co., Ltd. (c)

    21,300        81,568   

Shin-Keisei Electric Railway Co., Ltd.

    16,000        72,540   

Shinagawa Refractories Co., Ltd.

    27,000        59,007   

Shindengen Electric Manufacturing Co., Ltd.

    45,000        98,528   

Shinkawa, Ltd.

    5,300        23,268   

Shinko Electric Industries Co., Ltd. (c)

    34,400        217,057   

Shinko Plantech Co., Ltd.

    22,200        180,082   

Shinko Shoji Co., Ltd. (c)

    11,600        103,790   

Shinko Wire Co., Ltd.

    12,000        17,830   

Shinmaywa Industries, Ltd. (c)

    54,000        274,361   

Shinnihon Corp.

    19,000        43,252   

Shinsho Corp.

    24,000        44,572   

Shinwa Co., Ltd.

    2,600        30,380   

Ship Healthcare Holdings, Inc. (c)

    13,500        430,184   

Shiroki Corp.

    25,000        57,348   

Shizuki Electric Co., Inc.

    8,000        31,160   

Shizuoka Gas Co., Ltd.

    27,500        201,499   

SHO-BOND Holdings Co., Ltd.

    9,700        338,619   

Shobunsha Publications, Inc.

    5,000        33,719   

Shochiku Co., Ltd. (c)

    37,000        367,751   

Shoei Co., Ltd.

    2,800        15,871   

Shoei Foods Corp.

    1,000        7,905   

Shofu, Inc.

    2,100        22,504   

Shoko Co., Ltd.

    33,000        49,641   

Showa Aircraft Industry Co., Ltd.

    8,000        42,010   

Showa Corp. (c)

    29,300        258,806   

Showa Sangyo Co., Ltd. (c)

    39,000        133,412   

Siix Corp. (c)

    8,000        116,155   

Simplex Technology, Inc.

    170        56,401   

 

MSF-103


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Sinanen Co., Ltd.

    27,000      $ 121,489   

Sinfonia Technology Co., Ltd. (c)

    51,000        95,994   

Sintokogio, Ltd.

    25,000        171,318   

SKY Perfect JSAT Holdings, Inc. (c)

    870        390,397   

SMK Corp. (c)

    35,000        96,382   

SNT Corp.

    7,700        31,563   

Soda Nikka Co., Ltd.

    3,000        12,941   

Sodick Co., Ltd.

    26,200        111,039   

Soft99 Corp.

    2,500        15,174   

Sogo Medical Co., Ltd.

    2,100        75,737   

Sohgo Security Services Co., Ltd. (c)

    26,200        366,674   

Soshin Electric Co., Ltd.

    1,500        5,992   

Sotetsu Holdings, Inc. (c)

    102,000        341,803   

Sotoh Co., Ltd.

    3,600        35,056   

Space Co., Ltd.

    200        1,473   

Sparx Group Co., Ltd. (a)

    191        12,177   

SPK Corp.

    1,200        20,461   

SRA Holdings

    4,300        49,079   

ST Corp.

    5,400        61,989   

St. Marc Holdings Co., Ltd.

    4,100        153,079   

Star Micronics Co., Ltd. (c)

    19,800        190,172   

Starbucks Coffee Japan, Ltd.

    5        3,492   

Start Today Co., Ltd. (c)

    17,000        243,642   

Starzen Co., Ltd.

    34,000        101,981   

Stella Chemifa Corp. (c)

    4,900        92,441   

Studio Alice Co., Ltd.

    4,900        78,200   

Subaru Enterprise Co., Ltd.

    1,000        3,161   

Sugimoto & Co., Ltd.

    3,800        36,950   

Sumida Corp.

    6,300        29,831   

Sumikin Bussan Corp. (c)

    58,000        143,694   

Suminoe Textile Co., Ltd.

    31,000        58,569   

Sumiseki Holdings, Inc. (a)

    35,400        30,676   

Sumitomo Bakelite Co., Ltd. (c)

    84,000        292,573   

Sumitomo Densetsu Co., Ltd.

    10,500        92,263   

Sumitomo Forestry Co., Ltd. (c)

    60,800        539,770   

Sumitomo Light Metal Industries, Ltd. (c)

    225,000        194,833   

Sumitomo Mitsui Construction Co., Ltd. (a)

    119,000        74,650   

Sumitomo Osaka Cement Co., Ltd. (c)

    180,000        640,892   

Sumitomo Pipe & Tube Co., Ltd. (c)

    9,500        78,223   

Sumitomo Precision Products Co., Ltd.

    17,000        70,101   

Sumitomo Real Estate Sales Co., Ltd.

    4,030        200,757   

Sumitomo Seika Chemicals Co., Ltd. (c)

    25,000        89,333   

Sun-Wa Technos Corp.

    3,900        32,124   

SWCC Showa Holdings Co., Ltd. (c)

    149,000        116,402   

SxL Corp. (a) (c)

    49,000        86,556   

Systena Corp. (c)

    113        88,732   

T Hasegawa Co., Ltd.

    10,600        135,673   

T RAD Co., Ltd.

    34,000        74,875   

T-GAIA Corp.

    17,200        166,375   

Tachi-S Co., Ltd.

    6,400        108,653   

Tachibana Eletech Co., Ltd.

    5,900        49,128   

Tact Home Co., Ltd.

    48        57,483   

Tadano, Ltd. (c)

    57,000        429,468   

Taihei Dengyo Kaisha, Ltd.

    20,000        135,792   

Taihei Kogyo Co., Ltd.

    29,000        111,272   

Taiheiyo Kouhatsu, Inc. (c)

    35,000        31,339   

Taiho Kogyo Co., Ltd.

    9,300        91,087   

Taikisha, Ltd. (c)

    14,100        295,021   

Taiko Pharmaceutical Co., Ltd.

    2,300        20,860   

Japan—(Continued)

  

Taisei Lamick Co., Ltd. (c)

    2,700      $ 80,417   

Taiyo Ink Manufacturing Co., Ltd. (c)

    7,500        208,657   

Taiyo Yuden Co., Ltd. (c)

    47,800        402,573   

Takachiho Koheki Co., Ltd.

    400        4,473   

Takagi Securities Co., Ltd.

    12,000        12,442   

Takamatsu Construction Group Co., Ltd. (c)

    8,100        145,584   

Takano Co., Ltd.

    6,000        30,368   

Takaoka Electric Manufacturing Co., Ltd. (c)

    40,000        68,683   

Takara Holdings, Inc. (c)

    79,000        581,702   

Takara Leben Co., Ltd. (c)

    11,900        126,391   

Takara Printing Co., Ltd.

    3,100        22,794   

Takara Standard Co., Ltd. (c)

    41,000        322,802   

Takasago International Corp.

    43,000        221,205   

Takasago Thermal Engineering Co., Ltd. (c)

    26,500        214,538   

Takashima & Co., Ltd.

    25,000        85,604   

Take And Give Needs Co., Ltd.

    454        38,674   

Takeuchi Manufacturing Co., Ltd. (c)

    3,100        22,211   

Takihyo Co., Ltd.

    11,000        62,668   

Takiron Co., Ltd.

    27,000        99,944   

Takisawa Machine Tool Co., Ltd.

    29,000        36,277   

Takuma Co., Ltd. (c)

    38,000        192,707   

Tamron Co., Ltd.

    7,700        235,284   

Tamura Corp. (c)

    41,000        96,711   

Tanseisha Co., Ltd.

    8,000        25,829   

Tatsuta Electric Wire and Cable Co., Ltd. (c)

    22,000        196,285   

Tayca Corp.

    17,000        50,080   

TBK Co., Ltd.

    11,000        49,718   

Teac Corp. (a)

    72,000        23,982   

TECHNO ASSOCIE Co., Ltd.

    300        2,400   

Techno Medica Co., Ltd.

    2        10,057   

Techno Ryowa, Ltd.

    4,800        24,267   

Tecmo Koei Holdings Co., Ltd. (c)

    12,200        99,711   

Teikoku Electric Manufacturing Co., Ltd.

    3,200        44,485   

Teikoku Piston Ring Co., Ltd.

    10,200        118,816   

Teikoku Sen-I Co., Ltd.

    11,000        85,885   

Teikoku Tsushin Kogyo Co., Ltd. (c)

    24,000        39,652   

Tekken Corp.

    72,000        97,696   

Temp Holdings Co., Ltd. (c)

    7,400        89,956   

Ten Allied Co., Ltd.

    2,600        9,036   

Tenma Corp.

    6,200        64,011   

Teraoka Seisakusho Co., Ltd.

    200        828   

The 77 Bank, Ltd. (c)

    61,000        252,505   

The Aichi Bank, Ltd. (c)

    4,000        231,311   

The Akita Bank, Ltd.

    100,000        298,158   

The Aomori Bank, Ltd.

    96,000        301,398   

The Awa Bank, Ltd. (c)

    100,000        645,622   

The Bank of Iwate, Ltd. (c)

    7,100        340,816   

The Bank of Kochi, Ltd.

    11,000        10,826   

The Bank of Nagoya, Ltd. (c)

    76,000        266,692   

The Bank of Okinawa, Ltd. (c)

    9,100        400,368   

The Bank of Saga, Ltd. (c)

    77,000        186,423   

The Chiba Kogyo Bank, Ltd. (a)

    20,300        109,993   

The Chukyo Bank, Ltd. (c)

    62,000        135,006   

The Daiei, Inc. (a) (c)

    64,700        137,338   

The Daisan Bank, Ltd.

    95,000        173,331   

The Daishi Bank, Ltd. (c)

    171,000        557,488   

The Daito Bank, Ltd.

    88,000        73,262   

The Ehime Bank, Ltd. (c)

    75,000        199,857   

The Eighteenth Bank, Ltd.

    92,000        243,689   

 

MSF-104


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

The Fukui Bank, Ltd. (c)

    111,000      $ 272,111   

The Fukushima Bank, Ltd.

    128,000        78,682   

The Higashi-Nippon Bank, Ltd. (c)

    73,000        159,789   

The Higo Bank, Ltd.

    82,000        498,907   

The Hokkoku Bank, Ltd. (c)

    132,000        502,237   

The Hokuetsu Bank, Ltd. (c)

    127,000        258,321   

The Hyakugo Bank, Ltd.

    114,000        512,208   

The Hyakujushi Bank, Ltd.

    119,000        478,585   

The Japan Wool Textile Co., Ltd.

    26,000        194,134   

The Juroku Bank, Ltd.

    159,000        548,705   

The Kagoshima Bank, Ltd. (c)

    77,000        506,969   

The Keihin Co., Ltd.

    31,000        35,742   

The Keiyo Bank, Ltd.

    121,000        552,260   

The Kita-Nippon Bank, Ltd.

    4,500        132,052   

The Maruetsu, Inc. (a)

    20,000        69,339   

The Michinoku Bank, Ltd.

    75,000        151,706   

The Mie Bank, Ltd. (c)

    49,000        112,244   

The Minato Bank, Ltd.

    86,000        167,420   

The Miyazaki Bank, Ltd.

    90,000        245,918   

The Musashino Bank, Ltd.

    14,900        458,380   

The Nagano Bank, Ltd.

    49,000        96,730   

The Nanto Bank, Ltd. (c)

    112,000        560,793   

The Nippon Road Co., Ltd. (c)

    43,000        152,530   

The Nippon Synthetic Chemical Industry Co., Ltd. (c)

    33,000        213,162   

The Nisshin Oillio Group, Ltd. (c)

    60,000        234,841   

The Ogaki Kyoritsu Bank, Ltd.

    157,000        567,142   

The Oita Bank, Ltd. (c)

    101,000        329,247   

The Okinawa Electric Power Co., Inc. (c)

    7,800        260,293   

The Pack Corp.

    7,500        138,691   

The Shibusawa Warehouse Co., Ltd. (c)

    21,000        61,054   

The Shiga Bank, Ltd. (c)

    96,000        603,761   

The Shikoku Bank, Ltd.

    95,000        246,967   

The Shimizu Bank, Ltd.

    4,800        146,487   

The Sumitomo Warehouse Co., Ltd. (c)

    65,000        298,092   

The Taiko Bank, Ltd. (c)

    37,000        104,722   

The Tochigi Bank, Ltd.

    67,000        247,128   

The Toho Bank, Ltd. (c)

    98,000        334,268   

The Tohoku Bank, Ltd.

    55,000        80,348   

The Tokyo Tomin Bank, Ltd.

    17,400        162,528   

The Torigoe Co., Ltd.

    9,200        72,988   

The Tottori Bank, Ltd.

    31,000        63,795   

The Towa Bank, Ltd.

    154,000        148,860   

The Yachiyo Bank, Ltd.

    7,600        147,085   

The Yamagata Bank, Ltd. (c)

    73,000        340,236   

The Yamanashi Chuo Bank, Ltd.

    75,000        318,938   

The Yasuda Warehouse Co., Ltd.

    6,600        45,230   

Tigers Polymer Corp.

    2,200        8,150   

Titan Kogyo KK (a) (c)

    15,000        44,552   

TKC

    6,300        128,309   

TOA Corp. (c)

    106,000        168,713   

Toa Corp. (Hyogo) (c)

    10,000        73,868   

TOA Oil Co., Ltd.

    30,000        33,818   

TOA Road Corp.

    23,000        55,153   

Toabo Corp.

    56,000        37,293   

Toagosei Co., Ltd.

    100,000        376,533   

Tobishima Corp. (a) (c)

    69,900        66,583   

Tobu Store Co., Ltd.

    11,000        36,504   

TOC Co., Ltd. (c)

    29,400        157,360   

Japan—(Continued)

  

Tocalo Co., Ltd.

    7,000      $ 107,313   

Toda Corp. (c)

    115,000        346,112   

Toda Kogyo Corp. (c)

    17,000        59,959   

Toei Animation Co., Ltd.

    1,000        23,576   

Toei Co., Ltd.

    35,000        196,818   

Toenec Corp. (c)

    19,000        105,748   

Toho Co., Ltd.

    20,000        77,545   

Toho Holdings Co., Ltd. (c)

    25,000        510,375   

Toho Real Estate Co., Ltd.

    9,600        53,368   

Toho Titanium Co., Ltd. (c)

    13,800        124,992   

Toho Zinc Co., Ltd. (c)

    81,000        284,087   

Tohokushinsha Film Corp.

    1,100        8,504   

Tohto Suisan Co., Ltd.

    22,000        33,416   

Tokai Carbon Co., Ltd. (c)

    92,000        278,545   

Tokai Corp.

    4,100        104,977   

TOKAI Holdings Corp. (a) (c)

    14,000        61,502   

Tokai Lease Co., Ltd.

    16,000        34,549   

Tokai Rika Co., Ltd.

    10,600        148,870   

Tokai Rubber Industries, Inc.

    18,100        172,942   

Tokai Tokyo Securities Co., Ltd. (c)

    105,000        350,845   

Token Corp.

    4,160        175,987   

Toko Electric Corp.

    7,000        22,963   

Toko, Inc. (c)

    50,000        126,904   

Tokushu Tokai Holdings Co., Ltd. (c)

    56,000        142,728   

Tokuyama Corp. (c)

    171,000        350,321   

Tokyo Derica Co., Ltd.

    3,900        51,700   

Tokyo Dome Corp.

    94,000        306,917   

Tokyo Electron Device, Ltd.

    24        40,732   

Tokyo Energy & Systems, Inc.

    12,000        59,161   

Tokyo Kaikan Co., Ltd.

    3,000        11,415   

Tokyo Keiki, Inc.

    32,000        52,039   

Tokyo Kikai Seisakusho, Ltd.

    18,000        9,916   

Tokyo Ohka Kogyo Co., Ltd. (c)

    21,000        449,879   

Tokyo Rakutenchi Co., Ltd.

    17,000        63,712   

Tokyo Rope Manufacturing Co., Ltd. (c)

    71,000        84,536   

Tokyo Sangyo Co., Ltd.

    8,000        25,786   

Tokyo Seimitsu Co.

    17,500        242,648   

Tokyo Steel Manufacturing Co., Ltd. (c)

    56,900        191,592   

Tokyo Tatemono Co., Ltd.

    185,000        722,315   

Tokyo Tekko Co., Ltd.

    25,000        83,571   

Tokyo Theatres Co., Inc.

    48,000        62,428   

Tokyotokeiba Co., Ltd.

    87,000        127,061   

Tokyu Community Corp. (c)

    2,400        87,405   

Tokyu Construction Co., Ltd.

    39,920        74,573   

Tokyu Livable, Inc. (c)

    10,900        142,988   

Toli Corp.

    23,000        51,160   

Tomato Bank, Ltd.

    49,000        95,024   

Tomen Devices Corp.

    1,300        29,584   

Tomen Electronics Corp.

    6,500        80,009   

Tomoe Corp.

    13,200        45,655   

Tomoe Engineering Co., Ltd. (c)

    3,600        63,188   

Tomoegawa Co., Ltd.

    12,000        23,004   

Tomoku Co., Ltd.

    37,000        100,705   

TOMONY Holdings, Inc. (a)

    71,400        317,954   

Tomy Co., Ltd. (c)

    25,900        144,311   

TONAMI HOLDINGS Co., Ltd.

    32,000        76,630   

Topcon Corp. (c)

    30,200        162,388   

Toppan Forms Co., Ltd.

    22,200        214,684   

Topre Corp.

    21,900        185,365   

 

MSF-105


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Topy Industries, Ltd. (c)

    81,000      $ 162,814   

Toridoll.corp.

    9,000        145,856   

Torii Pharmaceutical Co., Ltd. (c)

    5,600        121,927   

Torishima Pump Manufacturing Co., Ltd.

    10,000        70,597   

Tosei Corp. (c)

    178        62,473   

Toshiba Machine Co., Ltd. (c)

    51,000        197,193   

Toshiba Plant Systems & Services Corp. (c)

    19,000        252,825   

Toshiba TEC Corp. (c)

    69,000        304,011   

Tosho Printing Co., Ltd.

    15,000        24,561   

Totetsu Kogyo Co., Ltd. (c)

    16,000        203,089   

Touei Housing Corp.

    9,755        103,784   

Toukei Computer Co., Ltd.

    2,200        31,042   

Tow Co., Ltd.

    600        3,866   

Towa Corp.

    11,100        68,940   

Towa Pharmaceutical Co., Ltd. (c)

    4,300        287,312   

Toyo Construction Co., Ltd. (a) (c)

    32,000        92,300   

Toyo Corp. (c)

    15,000        162,713   

Toyo Electric Manufacturing Co., Ltd.

    20,000        62,021   

Toyo Engineering Corp.

    58,000        259,957   

Toyo Ink Manufacturing Co., Ltd.

    97,000        347,802   

Toyo Kanetsu K K (c)

    61,000        124,977   

Toyo Kohan Co., Ltd.

    30,000        87,576   

Toyo Securities Co., Ltd.

    43,000        74,836   

Toyo Sugar Refining Co., Ltd.

    9,000        9,453   

Toyo Tanso Co., Ltd. (c)

    5,000        119,274   

Toyo Tire & Rubber Co., Ltd.

    88,000        219,653   

Toyo Wharf & Warehouse Co., Ltd.

    30,000        46,302   

Toyobo Co., Ltd. (c)

    362,000        430,791   

Trancom Co., Ltd.

    3,200        63,593   

Trans Cosmos, Inc.

    8,900        113,191   

Trinity Industrial Corp.

    1,000        3,332   

Trusco Nakayama Corp.

    9,700        176,950   

TS Tech Co., Ltd. (c)

    21,400        343,887   

TSI Holdings Co., Ltd. (a) (c)

    43,905        288,954   

Tsubakimoto Chain Co (c)

    69,000        399,379   

Tsubakimoto Kogyo Co., Ltd.

    3,000        9,016   

Tsudakoma Corp.

    23,000        35,634   

Tsugami Corp. (c)

    30,000        184,306   

Tsukamoto Corp. Co., Ltd.

    13,000        21,140   

Tsukishima Kikai Co., Ltd.

    11,000        94,983   

Tsukuba Bank, Ltd. (c)

    47,200        165,049   

Tsukui Corp.

    3,700        74,432   

Tsuruha Holdings, Inc.

    6,200        463,227   

Tsurumi Manufacturing Co., Ltd.

    10,000        72,780   

Tsutsumi Jewelry Co., Ltd.

    3,800        92,379   

TTK Co., Ltd.

    4,000        18,635   

TV Asahi Corp.

    10,000        148,825   

TV Tokyo Holdings Corp.

    2,900        32,805   

TYK Corp.

    6,000        12,266   

U-Shin, Ltd.

    16,000        78,938   

Ube Material Industries, Ltd.

    17,000        39,507   

Uchida Yoko Co., Ltd. (c)

    32,000        90,755   

Ueki Corp.

    11,000        20,561   

UKC Holdings Corp.

    4,400        77,401   

ULVAC, Inc. (c)

    24,100        181,973   

Umenohana Co., Ltd.

    25        56,694   

Uniden Corp.

    25,000        52,820   

Union Tool Co. (c)

    7,000        110,694   

Unipres Corp.

    13,100        290,046   

Japan—(Continued)

  

United Arrows, Ltd. (c)

    9,300      $ 248,394   

Unitika, Ltd.

    288,000        140,384   

Uoriki Co., Ltd.

    1,700        21,171   

Usen Corp. (a) (c)

    27,970        29,618   

UTOC Corp.

    5,100        14,232   

V Technology Co., Ltd. (c)

    15        31,297   

Valor Co., Ltd. (c)

    11,600        192,584   

Village Vanguard Co., Ltd. (c)

    23        20,645   

Vital KSK Holdings, Inc. (c)

    18,300        184,799   

VT Holdings Co., Ltd. (c)

    9,700        83,134   

Wacom Co., Ltd. (c)

    145        349,671   

Wakachiku Construction Co., Ltd. (a) (c)

    59,000        54,380   

Wakamoto Pharmaceutical Co., Ltd.

    9,000        24,236   

Wakita & Co., Ltd.

    12,000        81,228   

Warabeya Nichiyo Co., Ltd.

    7,500        129,754   

Watabe Wedding Corp.

    2,600        22,118   

WATAMI Co., Ltd.

    9,800        222,116   

Weathernews, Inc. (c)

    3,600        137,989   

Welcia Holdings Co., Ltd.

    1,100        35,743   

Wellnet Corp.

    700        6,100   

West Holdings Corp.

    2,300        35,059   

Wood One Co., Ltd.

    19,000        57,943   

Wowow, Inc.

    7        16,423   

Xebio Co., Ltd.

    10,300        214,129   

Y.A.C. Co., Ltd.

    4,900        29,803   

Yahagi Construction Co., Ltd.

    15,500        62,320   

Yaizu Suisankagaku Industry Co., Ltd.

    4,000        38,489   

YAMABIKO Corp.

    4,100        51,983   

Yamaichi Electronics Co., Ltd.

    8,200        13,232   

Yamatane Corp. (c)

    53,000        70,132   

Yamato Corp.

    8,000        31,757   

Yamaya Corp.

    1,650        24,809   

Yamazen Corp. (c)

    17,000        108,637   

Yaoko Co., Ltd. (c)

    2,700        103,943   

Yellow Hat, Ltd. (c)

    10,700        147,695   

Yodogawa Steel Works, Ltd. (c)

    70,000        235,776   

Yokogawa Bridge Holdings Corp.

    17,000        123,883   

Yokohama Reito Co., Ltd. (c)

    24,700        181,296   

Yokowo Co., Ltd.

    7,900        42,598   

Yomeishu Seizo Co., Ltd.

    6,000        57,116   

Yomiuri Land Co., Ltd.

    21,000        69,859   

Yondenko Corp.

    12,000        45,700   

Yonekyu Corp.

    10,400        89,673   

Yonex Co., Ltd.

    5,900        35,940   

Yorozu Corp.

    8,200        128,187   

Yoshinoya Holdings Co., Ltd. (c)

    203        260,661   

Yuasa Trading Co., Ltd. (c)

    85,000        148,030   

Yuken Kogyo Co., Ltd.

    16,000        28,602   

Yuki Gosei Kogyo Co., Ltd.

    6,000        15,864   

Yukiguni Maitake Co., Ltd.

    7,600        26,482   

Yurtec Corp.

    21,000        69,240   

Yusen Air & Service Co., Ltd. (c)

    8,900        81,042   

Yushin Precision Equipment Co., Ltd.

    4,900        86,938   

Yushiro Chemical Industry Co., Ltd.

    4,900        49,086   

Zappallas, Inc.

    49        43,508   

Zenrin Co., Ltd.

    13,500        180,186   

Zensho Co., Ltd. (c)

    31,200        397,384   

ZERIA Pharmaceutical Co., Ltd.

    8,000        145,201   

Zojirushi Corp.

    6,000        20,698   

 

MSF-106


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Zuken, Inc.

    7,200      $ 49,379   
   

 

 

 
      171,897,017   
   

 

 

 

Netherlands—1.9%

   

Aalberts Industries NV

    48,516        873,707   

Accell Group NV

    11,091        183,223   

AMG Advanced Metallurgical Group NV (a) (c)

    17,035        130,982   

Amsterdam Commodities NV (c)

    8,618        149,432   

APERAM (c)

    28,535        462,424   

Arcadis NV

    29,825        631,841   

ASM International NV (c)

    23,464        790,827   

Ballast Nedam

    413        5,619   

BE Semiconductor Industries NV (a)

    23,461        169,572   

Beter BED Holding NV

    10,318        200,390   

BinckBank NV (c)

    35,022        258,076   

Brunel International NV

    5,868        256,924   

CSM NV (c)

    39,576        706,141   

Delta Lloyd NV

    36,829        564,109   

DOCdata NV

    1,934        31,932   

Exact Holding NV

    7,888        174,340   

Grontmij

    35,808        114,661   

Heijmans NV

    7,291        59,951   

Hunter Douglas NV

    2,192        82,658   

ICT Automatisering NV

    1,424        5,768   

Imtech NV

    38,313        1,014,088   

Kardan NV (c)

    13,562        9,335   

KAS Bank NV

    6,821        67,944   

Kendrion NV

    4,153        86,966   

Koninklijke BAM Groep NV (c)

    183,068        561,367   

Koninklijke Wessanen NV (c)

    49,214        131,426   

LBi International NV (a)

    59,100        216,979   

Macintosh Retail Group NV

    6,796        77,087   

Mediq NV

    37,698        625,362   

Nederland Apparatenfabriek

    2,012        69,533   

Nutreco Holdings NV

    16,868        1,251,224   

Ordina NV

    28,045        36,819   

PostNL NV

    219,352        766,104   

SBM Offshore NV

    50,336        720,184   

Sligro Food Group NV

    12,990        322,764   

SNS Reaal NV (a) (c)

    105,329        157,503   

Telegraaf Media Groep NV

    7,444        72,264   

Ten Cate NV

    20,330        468,863   

TKH Group NV

    23,125        483,633   

TomTom NV (a) (c)

    76,476        345,949   

Unit 4 Agresso NV

    15,893        429,395   

USG People NV

    43,376        329,593   

Van Lanschot NV

    45        934   

Xeikon NV

    10,815        39,210   
   

 

 

 
      14,137,103   
   

 

 

 

New Zealand—1.0%

   

Abano Healthcare Group, Ltd.

    880        4,072   

Air New Zealand, Ltd.

    170,907        164,154   

Auckland International Airport, Ltd.

    373,447        811,128   

Briscoe Group, Ltd.

    8,256        13,683   

Cavalier Corp., Ltd.

    7,259        12,024   

Chorus, Ltd. (a)

    101,896        273,839   

New Zealand—(Continued)

  

Ebos Group, Ltd.

    23,845      $ 161,804   

Fisher & Paykel Appliances Holdings, Ltd. (c)

    237,229        235,187   

Fisher & Paykel Healthcare Corp., Ltd.

    218,454        416,014   

Freightways, Ltd.

    79,074        274,344   

Hallenstein Glasson Holdings, Ltd.

    15,915        61,846   

Heartland New Zealand, Ltd. (a)

    72,313        38,953   

Infratil, Ltd. (c)

    399,354        715,577   

Mainfreight, Ltd.

    35,762        300,585   

Methven, Ltd.

    15,748        17,299   

Michael Hill International, Ltd.

    68,524        66,418   

Millennium & Copthorne Hotels New Zealand, Ltd.

    26,384        10,606   

New Zealand Oil & Gas, Ltd. (a)

    178,730        122,830   

Nuplex Industries, Ltd. (c)

    100,359        239,437   

NZX, Ltd.

    130,860        122,726   

Opus International Consultants, Ltd.

    4,000        6,627   

PGG Wrightson, Ltd.

    58,545        16,978   

Pike River Coal, Ltd. (a) (b)

    82,575        0   

Port of Tauranga, Ltd.

    38,167        401,210   

Pumpkin Patch, Ltd.

    1,682        1,612   

Rakon, Ltd. (a)

    61,576        23,437   

Restaurant Brands New Zealand, Ltd.

    46,616        87,735   

Rubicon, Ltd. (a)

    9,922        2,448   

Ryman Healthcare, Ltd.

    140,150        475,727   

Sanford, Ltd.

    314        1,105   

Skellerup Holdings, Ltd.

    20,958        29,133   

Sky City Entertainment Group, Ltd. (c)

    290,907        910,270   

Sky Network Television, Ltd.

    103,256        436,006   

The New Zealand Refining Co., Ltd.

    27,432        61,964   

The Warehouse Group, Ltd.

    53,130        129,413   

Tower, Ltd. (a)

    97,234        145,720   

TrustPower, Ltd.

    13,980        92,655   

Vector, Ltd.

    163,940        386,973   

Xero, Ltd.

    16,739        72,140   
   

 

 

 
      7,343,679   
   

 

 

 

Norway—1.1%

   

ABG Sundal Collier Holdings ASA

    139,613        98,342   

Algeta ASA (a)

    14,218        367,839   

Archer, Ltd. (a)

    40,112        60,753   

Atea ASA (a)

    37,179        365,366   

Austevoll Seafood ASA

    48,445        218,446   

Bakkafrost P/F

    1,885        15,446   

Bonheur ASA

    2,731        56,337   

BW Offshore, Ltd. (a)

    176,208        110,316   

BWG Homes ASA

    34,975        76,496   

Cermaq ASA

    32,403        424,302   

Clavis Pharma ASA (a)

    15,618        173,505   

Copeinca ASA (a)

    14,327        119,033   

Deep Sea Supply plc (a)

    53,588        88,376   

Dockwise, Ltd. (a) (c)

    8,101        140,631   

DOF ASA (a)

    26,204        120,629   

Ekornes ASA

    11,731        166,805   

Electromagnetic GeoServices ASA (a)

    82,083        202,226   

Eltek ASA (a)

    122,435        83,658   

Evry ASA (a)

    25,788        42,764   

Farstad Shipping ASA

    5,883        140,921   

Frontline, Ltd. (c)

    36,608        141,866   

Ganger Rolf ASA (c)

    7,335        152,043   

 

MSF-107


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Norway—(Continued)

  

Golden Ocean Group, Ltd.

    173,259      $ 123,309   

Grieg Seafood ASA (a)

    10,176        17,158   

Hurtigruten ASA (a)

    79,346        45,616   

Kongsberg Automotive ASA

    197,413        54,614   

Kvaerner ASA

    92,750        240,294   

Leroy Seafood Group ASA

    9,723        203,953   

Morpol ASA (a)

    27,296        41,193   

Nordic Semiconductor ASA (c)

    76,341        224,665   

Norske Skogindustrier ASA (c)

    101,549        92,285   

Northern Offshore, Ltd. (a)

    47,579        85,548   

Norwegian Air Shuttle AS (a)

    12,510        234,280   

Norwegian Energy Co. AS (a) (c)

    126,309        112,771   

Odfjell SE (Series A)

    1,800        6,902   

Olav Thon Eindom A/S

    19        2,858   

Opera Software ASA (c)

    35,363        225,302   

Panoro Energy ASA (a)

    64,409        42,310   

PhotoCure ASA (a)

    3,721        23,989   

Pronova BioPharma AS (a)

    91,926        161,017   

ProSafe SE (c)

    36,864        304,975   

Q-Free ASA (a)

    24,256        78,596   

Renewable Energy Corp. (a) (c)

    103,701        31,935   

Salmar ASA

    8,438        49,832   

Scana Industrier ASA

    88,719        23,601   

Sevan Marine ASA (a) (c)

    19,916        53,148   

Siem Offshore, Inc. (a)

    86,433        122,131   

Solstad Offshore ASA

    6,243        94,380   

Songa Offshore SE (a) (c)

    82,163        173,650   

SpareBank 1 SMN (c)

    51,945        334,752   

SpareBank 1 SR Bank ASA

    1,900        12,243   

Stolt-Nielsen, Ltd.

    6,625        126,388   

Tomra Systems ASA

    67,216        596,151   

TTS Group ASA

    18,359        43,222   

Veidekke ASA

    57,200        451,079   

Wilh Wilhelmsen ASA

    16,760        115,677   

Wilh Wilhelmsen Holding ASA

    5,524        134,142   
   

 

 

 
      8,050,066   
   

 

 

 

Portugal—0.5%

   

Altri SGPS S.A.

    70,454        123,168   

Banco BPI S.A. (c)

    241,547        236,328   

Banco Comercial Portugues S.A. (c)

    1,747,187        143,690   

Banco Comercial Portugues S.A. (a)

    3,030,293        249,221   

Banco Espirito Santo S.A.

    706,931        514,068   

Banif S.A. (c)

    45,433        9,747   

EDP Renovaveis S.A. (a)

    39,380        176,606   

Inapa-Invest Particip Gesta

    63,187        11,366   

Mota Engil SGPS S.A.

    40,942        64,501   

Novabase SGPS S.A. (a)

    7,827        20,416   

Portucel Empresa Produtora de Pasta e Papel S.A.

    135,397        361,705   

REN - Redes Energeticas Nacionais S.A.

    133,701        345,188   

S.A.G GEST-Solucoes Automovel Globais SGPS S.A.

    14,436        6,870   

Semapa-Sociedade de Investimento e Gestao (c)

    47,039        301,758   

Sonae Industria SGPS S.A. (a)

    24,230        17,307   

Sonae SGPS S.A. (c)

    597,292        398,443   

Sonaecom SGPS S.A. (a)

    78,934        139,885   

Teixeira Duarte S.A.

    103,277        37,315   

Portugal—(Continued)

  

Zon Multimedia Servicos de Telecomunicacoes e Multimedia SGPS S.A.

    93,729      $ 263,232   
   

 

 

 
      3,420,814   
   

 

 

 

Singapore—1.9%

   

Abterra, Ltd. (a)

    40,720        24,235   

Amtek Engineering, Ltd.

    98,000        48,187   

Armstrong Industrial Corp., Ltd.

    88,000        20,760   

Asiasons Capital, Ltd. (a) (c)

    71,000        38,312   

ASL Marine Holdings, Ltd.

    105,000        56,815   

Ausgroup, Ltd.

    267,000        109,408   

Baker Technology, Ltd. (c)

    166,000        45,383   

Banyan Tree Holdings, Ltd. (c)

    155,000        77,003   

Biosensors International Group, Ltd. (a) (c)

    395,000        391,260   

Bonvests Holdings, Ltd.

    18,000        15,087   

Boustead Singapore, Ltd.

    137,000        107,568   

Breadtalk Group, Ltd.

    82,000        38,337   

Broadway Industrial Group, Ltd.

    138,000        40,886   

Bukit Sembawang Estates, Ltd.

    67,000        287,964   

Bund Center Investment, Ltd. (a)

    552,000        83,350   

Cerebos Pacific, Ltd.

    69,000        368,185   

CH Offshore, Ltd.

    157,000        63,118   

China Aviation Oil Singapore Corp., Ltd.

    123,000        100,528   

China Energy, Ltd.

    316,000        14,442   

China Merchants Holdings Pacific, Ltd.

    3,000        1,806   

Chip Eng Seng Corp., Ltd.

    294,000        115,941   

Chuan Hup Holdings, Ltd.

    125,000        25,932   

Cosco Corp. Singapore, Ltd. (c)

    453,000        354,530   

Creative Technology, Ltd.

    22,600        60,501   

CSC Holdings, Ltd.

    175,000        17,757   

CSE Global, Ltd. (a)

    246,000        174,231   

CWT, Ltd.

    94,000        97,832   

Delong Holdings, Ltd.

    91,000        22,431   

DMX Technologies Group, Ltd.

    84,000        15,007   

Dyna-Mac Holdings, Ltd.

    122,000        54,583   

Eu Yan Sang International, Ltd.

    90,000        47,261   

Ezion Holdings, Ltd.

    339,000        369,382   

Ezra Holdings, Ltd. (c)

    399,799        395,550   

Falcon Energy Group, Ltd.

    116,000        25,438   

Far East Orchard, Ltd.

    89,255        171,261   

FJ Benjamin Holdings, Ltd.

    106,000        30,574   

Food Empire Holdings, Ltd.

    43,000        15,050   

Fragrance Group, Ltd.

    1,352,000        313,701   

Freight Links Express Holdings, Ltd.

    430,000        23,811   

Gallant Venture, Ltd. (a)

    435,000        107,501   

GK Goh Holdings, Ltd.

    12,000        7,165   

GMG Global, Ltd.

    1,318,000        145,676   

Goodpack, Ltd.

    141,000        213,198   

GP Batteries International, Ltd.

    21,000        16,599   

GP Industries, Ltd.

    49,000        15,372   

Guocoland, Ltd. (c)

    52,000        85,105   

GuocoLeisure, Ltd.

    306,000        151,585   

Guthrie GTS, Ltd.

    178,000        91,115   

HanKore Environment Tech Group, Ltd. (a)

    157,000        4,479   

Hanwell Holdings, Ltd.

    19,000        4,098   

Healthway Medical Corp., Ltd.

    438,750        29,580   

HG Metal Manufacturing, Ltd.

    460,000        30,716   

Hi-P International, Ltd.

    125,000        105,298   

Hiap Seng Engineering, Ltd.

    61,500        15,843   

 

MSF-108


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

  

Ho Bee Investment, Ltd. (c)

    153,000      $ 189,885   

Hong Fok Corp., Ltd. (c)

    198,400        85,480   

Hong Leong Asia, Ltd.

    74,000        103,619   

Hotel Grand Central, Ltd.

    1,000        733   

Hotel Properties, Ltd.

    125,000        281,420   

HTL International Holdings, Ltd.

    69,000        18,573   

HupSteel, Ltd.

    111,000        17,366   

Hwa Hong Corp., Ltd.

    88,000        26,527   

Hyflux, Ltd. (c)

    248,500        283,761   

Indofood Agri Resources, Ltd. (a) (c)

    245,000        271,466   

Informatics Education, Ltd.

    123,000        8,982   

InnoTek, Ltd.

    88,000        23,962   

IPC Corp., Ltd.

    296,000        35,086   

Jaya Holdings, Ltd.

    154,000        73,285   

JES International Holdings, Ltd. (a)

    155,000        19,053   

Jiutian Chemical Group, Ltd.

    213,000        8,675   

K1 Ventures, Ltd. (a)

    483,000        51,555   

Keppel Telecommunications & Transportation, Ltd.

    67,000        70,112   

LC Development, Ltd.

    204,200        26,383   

Li Heng Chemical Fibre Technologies, Ltd.

    309,000        36,961   

Lian Beng Group, Ltd.

    191,000        67,658   

LionGold Corp., Ltd. (c)

    197,000        186,882   

Low Keng Huat Singapore, Ltd.

    112,000        43,688   

M1, Ltd.

    170,000        380,892   

Manhattan Resources, Ltd.

    83,000        39,727   

Memstar Technology, Ltd.

    521,000        26,656   

Mercator Lines Singapore, Ltd.

    70,000        6,754   

Metro Holdings, Ltd.

    199,600        132,503   

Mewah International, Inc.

    76,000        27,780   

Midas Holdings, Ltd.

    675,000        229,949   

Nam Cheong, Ltd.

    264,000        46,100   

Nera Telecommunications, Ltd.

    29,000        11,107   

NSL, Ltd.

    15,000        16,987   

Oceanus Group, Ltd.

    901,000        37,297   

OKP Holdings, Ltd.

    17,000        7,469   

OSIM International, Ltd. (a)

    109,000        123,990   

Otto Marine, Ltd. (c)

    522,000        37,750   

Overseas Union Enterprise, Ltd. (c)

    16,000        36,973   

Pan Pacific Hotels Group, Ltd.

    84,000        157,150   

Pan-United Corp., Ltd.

    130,000        70,245   

Petra Foods, Ltd.

    120,000        239,530   

Popular Holdings, Ltd.

    192,000        39,847   

QAF, Ltd.

    91,492        55,057   

Raffles Education Corp., Ltd. (c)

    344,479        101,810   

Raffles Medical Group, Ltd.

    121,207        239,673   

Riverstone Holdings, Ltd.

    20,000        6,844   

Rotary Engineering, Ltd.

    128,000        45,299   

Roxy-Pacific Holdings, Ltd. (c)

    159,000        64,756   

Sakari Resources, Ltd.

    288,000        436,083   

Sapphire Corp., Ltd.

    26,000        2,531   

SBS Transit, Ltd.

    36,000        43,246   

SC Global Developments, Ltd. (c)

    115,000        110,533   

See Hup Seng, Ltd.

    163,000        27,157   

Sheng Siong Group, Ltd.

    76,000        28,723   

Sim Lian Group, Ltd.

    121,500        81,974   

Sinarmas Land, Ltd.

    814,000        198,511   

Sing Holdings, Ltd.

    19,000        6,416   

Singapore Post, Ltd. (c)

    626,544        559,022   

Singapore—(Continued)

  

Singapore Reinsurance Corp., Ltd.

    1,000      $ 196   

Sinostar PEC Holdings, Ltd. (a)

    43,000        4,380   

Spice i2i, Ltd.

    1,741,000        39,485   

Stamford Land Corp., Ltd.

    304,000        143,621   

STX OSV Holdings, Ltd.

    289,000        380,633   

Sunningdale Tech, Ltd.

    157,000        17,741   

SunVic Chemical Holdings, Ltd.

    143,000        40,592   

Super Group, Ltd.

    100,000        178,041   

Swiber Holdings, Ltd. (a) (c)

    319,000        170,782   

Tat Hong Holdings, Ltd. (c)

    116,000        125,943   

Technics Oil & Gas, Ltd.

    85,000        69,138   

Thakral Corp., Ltd.

    197,000        4,808   

The Hour Glass, Ltd.

    43,000        51,109   

Tiger Airways Holdings, Ltd. (a) (c)

    145,500        89,285   

Tiong Woon Corp. Holding, Ltd.

    46,250        11,114   

Transcu Group, Ltd. (b)

    388,000        15,808   

Tuan Sing Holdings, Ltd. (c)

    384,657        95,146   

UMS Holdings, Ltd.

    116,000        41,025   

United Engineers, Ltd.

    101,000        204,585   

United Envirotech, Ltd.

    170,000        46,978   

United Fiber System, Ltd.

    426,950        17,377   

United Overseas Insurance, Ltd.

    4,000        11,636   

UOB-Kay Hian Holdings, Ltd. (c)

    177,000        236,158   

Venture Corp., Ltd.

    133,000        871,398   

Vicom, Ltd.

    2,000        7,954   

WBL Corp, Ltd.

    31,000        93,673   

Wee Hur Holdings, Ltd.

    116,000        27,410   

Wheelock Properties S, Ltd.

    104,000        157,603   

Wing Tai Holdings, Ltd.

    142,621        198,762   

YHI International, Ltd.

    78,000        19,117   

Yongnam Holdings, Ltd. (c)

    750,000        149,679   
   

 

 

 
      14,415,367   
   

 

 

 

Spain—1.8%

   

Abengoa S.A. (c)

    20,451        359,866   

Acciona S.A.

    4,883        278,934   

Acerinox S.A. (c)

    47,353        533,114   

Adveo Group International S.A.

    5,653        83,460   

Almirall S.A. (a)

    34,311        267,696   

Amper S.A.

    11,902        31,389   

Antena 3 de Television S.A.

    35,378        161,963   

Azkoyen S.A. (a) (c)

    1,608        3,374   

Banco Espanol de Credito S.A. (c)

    8,661        31,115   

Banco Popular Espanol S.A. (c)

    14,508        31,817   

Bankinter S.A. (c)

    136,629        597,194   

Baron de Ley (a)

    1,446        77,684   

Bolsas y Mercados Espanoles (c)

    31,742        669,501   

Caja de Ahorros del Mediterraneo (b) (c)

    14,621        0   

Campofrio Alimentacion S.A.

    11,649        87,331   

Cementos Portland Valderrivas S.A.

    7,045        34,777   

Cie Automotive S.A. (a)

    19,638        136,774   

Codere S.A. (a) (c)

    11,050        54,805   

Construcciones y Auxiliar de Ferrocarriles S.A.

    858        419,206   

Deoleo S.A.

    175,831        80,202   

Dinamia Capital Privado Sociedad de Capital Riesgo S.A.

    3,678        33,417   

Distribuidora Internacional de Alimentacion S.A. (a)

    72,242        399,456   

Duro Felguera S.A.

    44,406        272,005   

 

MSF-109


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Spain—(Continued)

  

Ebro Puleva S.A. (c)

    40,424      $ 711,569   

Elecnor S.A.

    8,470        104,455   

Ence Energia Y Celulousa S.A.

    100,498        224,030   

Ercros S.A. (a)

    60,314        45,741   

Faes Farma S.A. (c)

    110,441        192,727   

Fersa Energias Renovables S.A.

    8,580        4,911   

Fluidra S.A.

    8,412        21,726   

Fomento de Construcciones y Contratas S.A.

    17,778        233,055   

Gamesa Corp. Tecnologica S.A. (c)

    76,395        161,364   

Grifols S.A.

    22,829        754,793   

Grupo Catalana Occidente S.A.

    26,168        428,475   

Grupo Ezentis S.A. (a)

    146,987        33,236   

Iberpapel Gestion S.A.

    77        1,319   

Immobiliaria Colonial S.A. (a)

    10,263        18,582   

Indra Sistemas S.A. (c)

    45,716        442,843   

Jazztel plc (a)

    88,160        525,429   

La Seda de Barcelona S.A. (a)

    17,018        35,356   

Laboratorios Farmaceuticos Rovi S.A.

    7,875        52,625   

Mediaset Espana Comunicacion S.A. (c)

    80,927        440,130   

Melia Hotels International S.A. (c)

    33,769        230,307   

Miquel y Costas & Miquel S.A.

    5,284        140,488   

Natra S.A.

    7,533        9,922   

Natraceutical S.A. (a)

    55,038        9,939   

NH Hoteles S.A.

    60,216        187,752   

Obrascon Huarte Lain S.A.

    20,932        484,653   

Papeles y Cartones de Europa S.A.

    17,114        44,176   

Pescanova S.A.

    7,446        123,607   

Prim S.A.

    3,013        17,732   

Promotora de Informaciones S.A. (c)

    112,904        54,605   

Prosegur Cia de Seguridad S.A.

    89,130        408,096   

Realia Business S.A.

    74,911        68,414   

Sacyr Vallehermoso S.A. (a) (c)

    54,440        117,681   

Sociedad Nacional de Industrias Apicaciones Celulosa Espanola S.A. (a)

    34,412        35,381   

Solaria Energia y Medio Ambiente S.A. (a)

    19,439        24,225   

Tecnicas Reunidas S.A.

    14,104        658,034   

Telecomunicaciones y Energia (a)

    13,592        23,171   

Tubacex S.A. (c)

    62,559        157,602   

Tubos Reunidos S.A.

    63,692        155,481   

Vidrala S.A.

    9,644        236,159   

Viscofan S.A.

    20,350        933,235   

Vocento S.A.

    5,362        8,835   

Vueling Airlines S.A.

    8,642        53,213   

Zeltia S.A. (c)

    94,134        176,480   
   

 

 

 
      13,436,634   
   

 

 

 

Sweden—3.6%

   

AarhusKarlshamn AB

    14,131        534,851   

Acando AB

    32,257        75,333   

Active Biotech AB (a) (c)

    23,620        170,743   

AddNode AB

    1,849        9,571   

AddTech AB

    10,676        290,148   

AF AB

    19,056        426,545   

Alliance Oil Co., Ltd. (a)

    31,383        247,957   

Arise Windpower AB (a)

    3,019        12,421   

Atrium Ljungberg AB

    3,824        49,191   

Avanza Bank Holding AB

    9,976        219,831   

Axfood AB

    11,896        447,132   

Axis Communications AB (c)

    20,453        507,526   

Sweden—(Continued)

  

B&B Tools AB

    11,786      $ 89,811   

BE Group AB

    31,085        80,869   

Beijer AB G&L

    6,096        100,361   

Beijer Alma AB

    10,939        188,391   

Beijer Electronics AB

    5,229        45,374   

Betsson AB (a)

    14,686        391,036   

Bilia AB

    10,743        143,260   

Billerud AB (c)

    58,189        543,682   

BioGaia AB (a)

    7,656        227,274   

Biolnvent International AB (a)

    30,656        10,594   

Biotage AB (a)

    10,158        13,144   

Bjoern Borg AB

    9,936        52,714   

Bure Equity AB

    36,256        130,258   

Byggmax Group AB

    19,874        96,277   

Castellum AB

    88,397        1,197,249   

CDON Group AB (a)

    33,105        208,024   

Cision AB

    2,371        19,334   

Clas Ohlson AB

    19,084        250,178   

Concentric AB (a)

    32,613        244,472   

Concordia Maritime AB

    4,217        6,933   

Connecta AB

    4,752        42,682   

Doro AB

    8,437        29,414   

Duni AB

    18,880        158,338   

East Capital Explorer AB (a)

    7,088        55,059   

Enea AB (a)

    5,311        30,724   

Eniro AB (c)

    55,843        77,361   

Etrion Corp. (a) (c)

    21,649        7,438   

Fabege AB

    79,503        757,165   

Fagerhult AB

    2,130        53,400   

Fastighets AB Balder

    36,044        198,349   

Fenix Outdoor AB

    384        9,003   

Gunnebo AB

    21,623        95,498   

Hakon Invest AB

    29,249        504,047   

Haldex AB (c)

    33,062        167,732   

Hexpol AB

    11,357        440,877   

HIQ International AB

    34,294        180,638   

HMS Networks AB

    709        11,586   

Hoganas AB

    14,670        511,221   

Holmen AB (Series B)

    32,135        878,126   

Hufvudstaden AB (c)

    15,492        192,282   

Husqvarna AB (Series A)

    9,289        47,240   

Husqvarna AB (Series B)

    203,271        1,039,703   

Industrial & Financial Systems

    11,624        194,909   

Indutrade AB

    6,991        207,592   

Intrum Justitia AB

    33,868        495,528   

JM AB

    47,411        868,156   

KappAhl Holding AB

    63,130        62,469   

Klovern AB

    22,837        89,795   

KNOW IT AB

    10,336        86,149   

Kungsleden AB

    64,238        363,313   

Lagercrantz AB

    9,342        87,180   

Lindab International AB

    46,206        359,446   

Loomis AB

    39,066        555,233   

Meda AB

    104,406        1,056,171   

Medivir AB (a)

    16,404        188,973   

Mekonomen AB

    8,305        246,242   

Micronic Laser Systems AB (a) (c)

    46,878        73,862   

MQ Holding AB

    9,112        24,990   

NCC AB

    3,116        59,770   

 

MSF-110


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

  

NCC AB (Series B)

    45,222      $ 863,311   

Nederman Holding AB

    932        19,399   

Net Entertainment NE AB

    16,258        175,218   

Net Insight AB (a)

    114,406        36,923   

New Wave Group AB (c)

    27,702        87,296   

Nibe Industrier AB (c)

    40,031        660,136   

Nobia AB (c)

    90,272        340,815   

Nolato AB

    12,091        128,897   

Nordic Mines AB (a)

    2,720        3,690   

Nordnet AB

    50,893        145,822   

OEM International AB

    498        4,662   

Orexo AB (a)

    5,087        39,108   

Oriflame Cosmetics S.A. (c)

    19,012        651,932   

PA Resources AB (a)

    274,596        28,483   

Peab AB

    83,795        392,177   

Pricer AB

    57,101        102,140   

Proact IT Group AB

    4,203        57,898   

Probi AB

    2,989        22,686   

Proffice AB (a)

    32,500        113,962   

RaySearch Laboratories AB

    6,806        20,203   

ReadSoft AB (a)

    5,293        16,416   

Rederi AB Transatlantic

    6,507        6,835   

Rezidor Hotel Group AB

    41,212        155,593   

rnb Retail and Brands AB

    29,440        9,188   

Saab AB

    27,146        521,554   

Sagax AB

    1,314        35,807   

SAS AB (a)

    78,024        88,491   

Sectra AB

    2,471        16,251   

Securitas AB

    46,369        348,982   

Semcon AB (a)

    8,454        52,816   

SkiStar AB

    12,482        158,382   

SSAB AB (Series A) (c)

    81,166        579,275   

SSAB AB (Series B)

    42,707        263,901   

Studsvik AB

    3,095        16,455   

Sweco AB

    18,222        192,293   

Swedish Orphan Biovitrum AB (a)

    70,526        395,104   

Systemair AB

    3,873        50,116   

TradeDoubler AB

    21,483        45,792   

Trelleborg AB

    131,495        1,483,744   

Unibet Group plc

    16,402        459,882   

Vitrolife AB

    7,246        49,308   

Wallenstam AB

    46,001        501,411   

Wihlborgs Fastigheter AB

    34,090        508,999   

Xvivo Perfusion AB (a)

    7,246        9,597   
   

 

 

 
      27,399,095   
   

 

 

 

Switzerland—4.7%

   

Acino Holding AG

    2,116        247,586   

Advanced Digital Broadcast Holdings S.A. (a)

    557        6,998   

AFG Arbonia-Forster Holding

    8,523        159,135   

Allreal Holding AG

    6,424        942,855   

APG SGA S.A.

    761        144,674   

Ascom Holding AG

    14,464        109,242   

Austriamicrosystems AG (a)

    5,826        582,992   

Autoneum Holding AG (a)

    1,196        60,118   

Bachem Holding AG

    1,972        78,574   

Baloise Holdings AG

    1,153        90,802   

Bank Coop AG

    3,124        184,345   

Bank Sarasin & Cie AG (a)

    15,598        451,106   

Switzerland—(Continued)

  

Banque Cantonale de Geneve

    237      $ 51,894   

Banque Cantonale Vaudoise

    7        3,630   

Banque Privee Edmond de Rothschild S.A.

    3        53,394   

Basilea Pharmaceutica, Ltd. (a) (c)

    3,900        197,170   

Belimo Holding AG

    239        422,598   

Bell Holding AG

    74        157,309   

Bellevue Group AG

    2,584        25,349   

Berner Kantonalbank AG (c)

    1,995        536,153   

BKW S.A. (a)

    6,162        227,019   

Bobst Group AG

    5,436        162,044   

Bossard Holding AG

    1,285        170,569   

Bucher Industries AG

    2,972        533,930   

Burckhardt Compression Holding AG

    1,496        445,202   

Burkhalter Holding AG (a)

    268        82,339   

Carlo Gavazzi Holding AG

    71        15,282   

Centralschweizerische Kraftwerke AG

    189        66,231   

Cham Paper Holding AG

    169        29,480   

Charles Voegele Holding AG

    4,263        66,754   

Cicor Technologies (a)

    644        21,957   

Clariant AG

    134,925        1,609,290   

Coltene Holding AG

    1,860        57,031   

Compagnie Financiere Tradition S.A.

    826        49,088   

Conzzeta AG

    47        87,808   

Daetwyler Holding AG

    3,203        267,217   

Dufry AG

    8,674        1,040,671   

EFG International AG

    27,485        229,707   

Emmi AG

    1,190        261,340   

EMS-Chemie Holding AG

    38        7,848   

Energiedienst Holding AG

    3,017        141,894   

Flughafen Zuerich AG

    1,943        798,065   

Forbo Holding AG

    1,023        604,362   

Galenica AG

    2,405        1,425,261   

GAM Holding, Ltd.

    115,271        1,504,598   

Gategroup Holding AG (a)

    14,867        364,579   

Georg Fischer AG (a)

    2,283        809,668   

Gottex Fund Management Holdings, Ltd.

    1,827        6,762   

Gurit Holding AG

    212        104,741   

Helvetia Holding AG

    3,212        1,122,035   

Huber & Suhner AG

    6,932        310,300   

Implenia AG (a)

    7,333        296,785   

Inficon Holding AG

    797        168,639   

Interroll Holding AG

    265        99,172   

Intershop Holding AG

    600        207,671   

Jungfraubahn Holding AG

    62        3,986   

Kaba Holding AG

    1,260        491,943   

Kardex AG

    3,022        79,115   

Komax Holding AG

    2,284        171,626   

Kudelski S.A.

    24,289        273,939   

Kuoni Reisen Holding AG

    2,197        594,794   

LEM Holding S.A.

    293        147,704   

Liechtensteinische Landesbank AG

    2,166        77,751   

LifeWatch AG (a)

    4,907        39,718   

Logitech International S.A. (a) (c)

    84,871        777,871   

Lonza Group AG

    26,759        1,402,072   

Luzerner Kantonalbank AG

    1,448        510,082   

MCH Group AG

    684        33,400   

Metall Zug AG

    64        133,805   

Meyer Burger Technology AG (a) (c)

    23,582        312,797   

Micronas Semiconductor Holding AG

    16,260        161,185   

 

MSF-111


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

  

Mikron Holding AG (a)

    474      $ 2,570   

Mobilezone Holding AG

    15,293        160,982   

Mobimo Holding AG (a)

    3,270        750,202   

Myriad Group AG (a)

    18,675        49,646   

Nobel Biocare Holding AG

    57,298        574,503   

OC Oerlikon Corp. AG (a)

    101,100        974,525   

Orascom Development Holding AG (a)

    2,069        32,775   

Orell Fuessli Holding AG

    428        45,296   

Orior AG (a)

    1,953        99,726   

Panalpina Welttransport Holding AG

    5,987        572,725   

Phoenix Mecano AG

    345        165,970   

Precious Woods Holding AG (a)

    752        2,236   

PSP Swiss Property AG

    2,635        239,574   

PubliGroupe AG

    721        101,437   

Rieter Holding AG

    1,772        302,209   

Romande Energie Holding S.A.

    125        162,068   

Schaffner Holding AG

    238        59,428   

Schmolz & Bickenback AG

    19,416        78,864   

Schweiter Technologies AG

    532        254,410   

Schweizerische National-Versicherungs-Gesellschaft

    8,748        346,594   

Siegfried Holding AG

    1,774        216,976   

St. Galler Kantonalbank

    1,433        536,447   

Straumann Holding AG (c)

    2,885        384,328   

Swiss Life Holding AG (a)

    12,706        1,516,918   

Swisslog Holding AG (a)

    139,223        149,444   

Swissquote Group Holding S.A.

    5,895        180,613   

Tamedia AG

    881        93,676   

Tecan Group AG

    6,117        444,519   

Temenos Group AG (a) (c)

    36,012        539,597   

Tornos S.A.

    3,719        26,776   

U-Blox AG (a)

    2,789        125,428   

Valiant Holding

    7,115        618,855   

Valora Holding AG

    1,639        291,228   

Vaudoise Assurances Holding S.A.

    581        175,331   

Verwaltungs- und Privat-Bank AG

    2,343        185,627   

Vetropack Holding AG

    125        222,301   

Von Roll Holding AG (c)

    24,766        57,985   

Vontobel Holding AG

    11,662        293,499   

VZ Holding AG

    490        56,360   

Walliser Kantonalbank

    137        126,726   

Walter Meier AG

    308        70,653   

Ypsomed Holding AG (a) (c)

    2,012        119,206   

Zehnder Group AG

    5,236        311,014   

Zueblin Immobilien Holding AG (a)

    20,587        64,408   

Zug Estates Holding AG (a)

    64        88,468   

Zuger Kantonalbank AG

    65        332,456   
   

 

 

 
      35,317,630   
   

 

 

 

United Kingdom—21.1%

   

4imprint Group plc

    6,953        36,496   

888 Holdings plc (a)

    66,302        98,584   

A.G. Barr plc (c)

    49,005        353,940   

Aberdeen Asset Management plc

    342,028        1,722,468   

Acal plc

    9,528        25,836   

Aegis Group plc

    334,975        1,275,736   

Afren plc (a)

    489,474        1,111,442   

African Barrick Gold plc

    30,782        221,753   

Aga Rangemaster Group plc

    12,636        12,442   

United Kingdom—(Continued)

  

Air Partner plc

    992      $ 3,902   

Amlin plc

    302,061        1,970,538   

Anglo Pacific Group plc

    29,836        139,093   

Anglo-Eastern Plantations plc

    4,252        52,641   

Anite plc

    150,636        307,681   

Ashmore Group plc

    86,750        478,424   

Ashtead Group plc

    288,080        1,508,707   

Atkins WS plc

    76,087        896,657   

Aveva Group plc

    36,046        1,147,635   

Avon Rubber plc

    12,592        63,463   

AZ Electronic Materials S.A.

    22,266        121,809   

Babcock International Group plc

    160,184        2,401,834   

Balfour Beatty plc

    331,723        1,631,382   

Barratt Developments plc (a)

    470,342        1,289,582   

BBA Avation plc

    288,870        922,302   

Beazley plc

    386,682        1,049,943   

Bellway plc

    82,065        1,222,399   

Berendsen plc

    106,561        939,506   

Berkeley Group Holdings plc

    70,062        1,593,113   

Betfair Group plc

    27,897        327,476   

Bioquell plc (a)

    5,000        10,863   

Bloomsbury Publishing plc

    30,485        65,866   

Bodycote plc

    113,786        720,196   

Booker Group plc

    525,868        793,570   

Bovis Homes Group plc

    87,843        717,153   

Braemar Shipping Services plc

    6,013        35,801   

Brammer plc

    34,118        157,058   

Brewin Dolphin Holdings plc

    139,578        378,947   

British Polythene Industries

    9,775        60,611   

Britvic plc (c)

    142,790        841,660   

BTG plc (a)

    147,759        771,394   

Bwin.Party Digital Entertainment plc (a)

    248,132        416,957   

Cable & Wireless Communications plc

    1,218,734        710,975   

Cairn Energy plc (a)

    174,586        777,259   

Camellia plc

    24        3,741   

Canaccord Financial, Inc.

    4,370        23,848   

Cape plc (c)

    57,741        223,901   

Capital & Counties Properties plc

    107,134        377,230   

Capital & Regional plc (a)

    37,528        16,088   

Carclo plc

    16,990        118,150   

Carillion plc

    238,276        1,045,565   

Carpetright plc (c)

    22,006        234,092   

Carr’s Milling Industries plc

    591        9,329   

Castings plc

    1,484        8,470   

Catlin Group, Ltd.

    266,277        2,047,401   

Centamin plc (a)

    239,434        358,738   

Centaur Media plc

    92,526        68,772   

Charles Stanley Group plc

    548        2,426   

Charles Taylor Consulting plc

    428        1,246   

Chemring Group plc

    98,395        516,995   

Chesnara plc

    39,540        123,537   

Chime Communications plc

    22,036        82,796   

Cineworld Group plc

    51,940        209,110   

Clarkson plc

    1,692        35,689   

Close Brothers Group plc

    98,159        1,324,650   

Cobham plc

    450,363        1,615,970   

Colt Telecom Group S.A. (a)

    208,005        400,764   

Computacenter plc

    54,448        334,388   

Consort Medical plc

    18,608        213,309   

 

MSF-112


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Cookson Group plc

    143,370      $ 1,388,257   

Corin Group plc

    16,154        14,611   

Costain Group plc (c)

    10,772        43,282   

Cranswick plc

    29,575        376,161   

Creston plc

    5,272        7,777   

Croda International plc

    68        2,667   

CSR plc (a)

    122,475        629,116   

Daily Mail & General Trust

    156,527        1,219,562   

Dairy Crest Group plc

    83,632        468,977   

Darty plc (c)

    187,888        172,277   

De La Rue plc

    53,928        883,049   

Debenhams plc

    788,181        1,305,908   

Dechra Pharmaceuticals plc

    32,493        305,716   

Development Securities plc

    44,488        120,949   

Devro plc

    84,482        448,056   

Dialight plc (c)

    14,199        275,651   

Dignity plc

    33,707        496,977   

Diploma plc

    66,306        509,199   

Dixons Retail plc (a)

    2,133,618        683,871   

Domino Printing Sciences

    70,471        630,392   

Domino’s Pizza UK & IRL plc

    64,450        553,071   

Drax Group plc

    182,360        1,494,953   

DS Smith plc

    529,602        1,593,963   

Dunelm Group plc

    11,505        119,369   

E2V Technologies plc (c)

    57,984        123,996   

easyJet plc

    93,444        877,654   

Electrocomponents plc

    213,425        692,219   

Elementis plc

    255,861        960,998   

EnQuest plc (a)

    255,471        474,658   

EnQuest plc (SEK) (a)

    86,759        162,771   

Enterprise Inns plc

    300,503        306,258   

Euromoney Institutional Investor plc

    20,461        254,680   

Exillon Energy plc (a)

    14,549        32,338   

F&C Asset Management plc

    295,113        460,545   

Fenner plc

    97,479        609,799   

Ferrexpo plc

    57,808        181,986   

Fiberweb plc

    70,210        79,396   

Fidessa Group plc

    19,212        456,623   

Filtrona plc

    129,023        1,074,961   

Findel plc (a)

    140,049        14,110   

FirstGroup plc

    199,516        774,729   

Fortune Oil plc (a)

    367,046        53,153   

Fuller, Smith & Turner plc

    6,667        78,035   

Galliford Try plc

    37,167        438,404   

Gem Diamonds, Ltd.

    61,908        173,998   

Genus plc

    36,981        903,365   

Go-Ahead Group plc

    18,760        397,852   

Greencore Group plc (EUR)

    204,608        264,536   

Greene King plc

    107,732        1,045,651   

Greggs plc

    54,722        443,723   

Halfords Group plc

    115,745        488,147   

Halma plc

    198,998        1,364,246   

Hansard Global plc

    6,197        9,731   

Hardy Oil & Gas plc

    14,946        32,163   

Hargreaves Lansdown plc

    121,563        1,235,404   

Hays plc

    644,027        804,358   

Headlam Group plc

    56,842        281,796   

Helical Bar plc

    61,441        186,429   

Helphire plc

    40,476        899   

United Kingdom—(Continued)

  

Henderson Group plc

    485,556      $ 843,087   

Heritage Oil plc (a) (c)

    105,352        329,756   

Hibu plc (a) (c)

    1,399,802        11,334   

Hikma Pharmaceuticals plc (c)

    82,141        964,714   

Hill & Smith Holdings plc

    42,153        252,580   

Hilton Food Group, Ltd.

    1,888        8,370   

Hiscox, Ltd.

    231,692        1,821,981   

HMV Group plc (c)

    209,159        10,045   

Hochschild Mining plc (c)

    69,571        546,919   

Hogg Robinson Group plc

    81,837        66,406   

Home Retail Group plc (c)

    383,206        553,274   

Homeserve plc

    170,640        580,195   

Hornby plc

    1,884        1,919   

Howden Joinery Group plc (a)

    345,962        831,206   

Hunting plc

    60,412        808,306   

Huntsworth plc

    15,391        12,557   

Hyder Consulting plc

    16,592        113,583   

ICAP plc

    142,794        742,750   

IG Group Holdings plc

    146,431        1,055,942   

Imagination Technologies Group plc (a) (c)

    65,593        504,723   

IMI plc

    591        8,616   

Inchcape plc (a)

    216,462        1,261,286   

Informa plc

    293,165        1,911,461   

Inmarsat plc

    194,647        1,859,201   

Innovation Group plc (a)

    520,476        185,051   

Intermediate Capital Group plc

    56,516        273,120   

International Ferro Metals, Ltd.

    82,765        19,199   

International Personal Finance plc

    167,310        811,502   

Interserve plc

    82,100        484,174   

Invensys plc

    257,210        974,715   

IP Group plc (a) (c)

    134,473        263,345   

ITE Group plc

    123,011        410,238   

James Fisher & Sons plc

    16,166        199,190   

Jardine Lloyd Thompson Group plc

    80,781        999,481   

JD Sports Fashion plc

    9,241        104,596   

JD Wetherspoon plc

    61,195        476,651   

JKX Oil & Gas plc

    42,658        54,511   

John Menzies plc

    19,888        207,352   

John Wood Group plc

    140,393        1,827,257   

Johnston Press plc (c)

    182,050        23,152   

Jupiter Fund Management plc

    109,292        430,480   

Kcom Group plc

    394,746        524,138   

Keller Group plc

    24,959        223,550   

Kier Group plc

    19,645        411,253   

Kofax plc

    30,968        153,142   

Ladbrokes plc

    533,684        1,490,700   

Laird plc

    156,521        570,192   

Lamprell plc

    113,934        202,860   

Lancashire Holdings, Ltd.

    51,046        680,094   

Latchways plc

    918        15,121   

Laura Ashley Holdings plc

    17,800        7,832   

Lavendon Group plc

    34,608        83,871   

London Stock Exchange Group plc

    62,061        946,540   

Lonmin plc (c)

    34,446        311,537   

Lookers plc

    116,930        140,724   

Low & Bonar plc

    26,019        26,290   

LSL Property Services plc

    2,076        7,055   

Marshalls plc

    62,241        87,050   

Marston’s plc

    372,328        687,939   

 

MSF-113


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Mcbride plc

    112,043      $ 234,380   

Mears Group plc

    50,306        229,933   

Mecom Group plc (a)

    42,085        56,773   

Meggitt plc

    422,113        2,699,217   

Melrose plc (a)

    504,489        1,975,769   

Melrose Resources plc

    23,085        48,309   

Michael Page International plc

    131,245        756,306   

Micro Focus International plc

    84,783        807,013   

Millennium & Copthorne Hotels plc

    87,881        690,028   

Mitchells & Butlers plc

    110,356        520,198   

Mitie Group (c)

    176,827        833,181   

Mondi plc

    184,306        1,881,635   

Moneysupermarket.com Group plc

    132,032        294,087   

Morgan Crucible Co.

    175,201        749,587   

Morgan Sindall plc

    15,893        170,842   

Mothercare plc (c)

    53,760        189,098   

N. Brown Group plc

    92,789        412,065   

National Express Group plc

    318,383        1,081,161   

NCC Group plc

    11,526        172,783   

New World Resources plc

    11,898        51,023   

Northgate plc

    46,526        181,034   

Novae Group plc

    15,368        91,825   

Ocado Group plc (a) (c)

    170,726        178,120   

Optos plc (a)

    18,011        57,261   

Oxford Biomedica plc (a)

    67,707        2,832   

Oxford Instruments plc

    26,744        594,355   

Pace plc

    141,150        363,093   

PayPoint plc

    30,239        349,932   

Pendragon plc (a)

    219,844        51,527   

Pennon Group plc

    145,591        1,699,899   

Persimmon plc

    199,016        2,444,784   

Petra Diamonds, Ltd. (a)

    34,837        65,983   

Petropavlovsk plc

    81,003        537,143   

Phoenix Group Holdings plc

    8,759        72,038   

Phoenix IT Group, Ltd.

    21,830        53,724   

Photo-Me International plc

    13,571        10,699   

Premier Farnell plc

    194,041        539,973   

Premier Foods plc (a) (c)

    106,178        109,815   

Premier Oil plc (a)

    234,877        1,364,870   

Provident Financial plc (c)

    72,330        1,606,061   

Psion plc

    47,475        67,397   

Punch Taverns plc

    291,265        31,362   

PV Crystalox Solar plc (a)

    94,168        11,594   

PZ Cussons plc (c)

    133,219        646,264   

QinetiQ plc

    338,186        1,036,001   

Quintain Estates & Development plc (a)

    195,830        167,213   

Rank Group plc

    14,368        33,666   

Rathbone Brothers

    24,973        535,865   

Raven Russia, Ltd.

    44,000        48,002   

REA Holdings plc

    1,120        9,066   

Redrow plc

    148,362        373,046   

Regus plc

    350,864        577,768   

Renishaw plc

    21,312        568,677   

Renold plc (a)

    54,996        21,583   

Renovo Group plc

    13,825        3,934   

Rentokil Initial plc

    865,652        1,139,378   

Restaurant Group plc

    119,275        690,457   

Ricardo plc

    8,470        52,774   

Rightmove plc

    51,550        1,307,379   

United Kingdom—(Continued)

  

RM plc

    49,467      $ 66,003   

Robert Walters plc

    16,972        53,461   

Rotork plc

    46,393        1,697,941   

RPC Group plc

    92,930        640,162   

RPS Group plc

    133,244        535,994   

Safestore Holdings plc

    117,836        195,875   

Salamander Energy plc (a)

    129,169        418,218   

Savills plc

    78,859        507,775   

SDL plc (a)

    52,526        564,302   

Senior plc

    218,248        720,674   

Sepura plc

    9,265        12,982   

Severfield-Rowen plc

    37,540        86,498   

Shanks Group plc

    246,393        328,682   

SIG plc

    344,227        551,012   

Smiths News plc

    99,361        197,424   

Soco International plc (a)

    103,791        554,456   

Spectris plc

    75,025        2,094,783   

Speedy Hire plc

    137,776        65,117   

Spirax-Sarco Engineering plc

    42,679        1,443,226   

Spirent Communications plc

    344,790        860,732   

Spirit Pub Co. plc (a)

    302,763        255,446   

Sportech plc (a)

    6,604        6,474   

Sportingbet plc

    47,180        39,289   

Sports Direct International plc

    48,604        270,439   

ST Modwen Properties plc

    82,945        266,829   

St. James’s Place plc

    91,335        542,041   

Stagecoach Group plc

    207,543        942,483   

Sthree plc

    46,658        214,519   

SuperGroup plc (a)

    8,080        78,055   

Synergy Health plc

    30,007        445,619   

T. Clarke plc

    1,419        1,083   

TalkTalk Telecom Group plc (a)

    188,301        564,505   

Talvivaara Mining Co. plc (a)

    40,983        101,075   

Taylor Wimpey plc (a)

    1,648,812        1,449,905   

Ted Baker plc

    6,525        94,524   

Telecity Group plc (a)

    45,378        656,841   

Telecom Plus plc

    26,306        359,543   

The Vitec Group plc

    11,459        132,447   

Thomas Cook Group plc (c)

    406,795        115,174   

Thorntons plc

    20,000        10,379   

Topps Tiles plc

    106,295        78,975   

Torotrak plc (a)

    15,625        8,935   

Travis Perkins plc

    125,434        2,114,881   

Tribal Group plc

    19,145        29,691   

Trinity Mirror plc

    158,282        129,705   

TT electronics plc

    95,954        223,001   

TUI Travel plc (c)

    208,335        789,297   

Tullett Prebon plc

    133,791        644,718   

UK Coal plc (a)

    46,610        5,103   

UK Mail Group plc

    1,868        7,956   

Ultra Electronics Holdings plc

    12,832        320,009   

Unite Group plc (a)

    128,010        545,534   

United Business Media, Ltd.

    130,376        1,480,128   

UTV Media plc

    54,341        114,136   

Vectura Group plc (a)

    199,135        278,214   

Victrex plc

    43,917        939,345   

Vislink plc

    37,188        17,865   

Volex Group plc (a) (c)

    14,989        43,336   

VP plc

    890        4,664   

 

MSF-114


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

United Kingdom—(Continued)

  

WH Smith plc

    85,603      $ 894,558   

William Hill plc

    427,789        2,192,479   

Wincanton plc

    67,693        61,280   

Wolfson Microelectronics plc (a)

    84,440        272,619   

Xaar plc

    19,443        77,863   

Xchanging plc

    132,847        245,181   

XP Power, Ltd. (c)

    3,554        57,549   

Yule Catto & Co. plc

    154,465        413,836   
   

 

 

 
      159,361,461   
   

 

 

 

Total Common Stock
(Identified Cost $684,324,577)

      749,708,658   
   

 

 

 
Preferred Stock—0.0%                

United Kingdom—0.0%

   

REA Holdings plc

    67        118   
   

 

 

 

Total Preferred Stock
(Identified Cost $119)

      118   
   

 

 

 
Rights—0.0%                

Australia—0.0%

   

Global Construction Services, Ltd. (a)

    251        21   

Straits Resources, Ltd.,
expires 10/04/12 (a)

    61,400        63   
   

 

 

 
      84   
   

 

 

 

Singapore—0.0%

   

Raffles Education Corp., Ltd.,
expires 10/16/12 (a)

    68,896        12,632   
   

 

 

 

Switzerland—0.0%

   

Myriad Group AG,
expires 10/12/12 (a)

    18,675        0   
   

 

 

 

Total Rights
(Identified Cost $0)

      12,716   
   

 

 

 
Units—0.0%                

Ireland—0.0%

   

Irish Continental Group plc

    130        3,026   
   

 

 

 

Singapore—0.0%

   

K-Green Trust

    103,000        85,968   
   

 

 

 

Total Units
(Identified Cost $83,517)

      88,994   
   

 

 

 
Warrants—0.0%                

Canada—0.0%

   

Duluth Metals, Ltd.,
expires 01/18/13 (a) (c)

    933        427   
   

 

 

 

Italy—0.0%

   

Seat Pagine Gialle S.p.A.,
expires 08/31/14 (a) (c)

    402,113      $ 1,259   
   

 

 

 

Singapore—0.0%

   

Sinarmas Land, Ltd.,
expires 11/18/15, strike SGD 0.10 (a)

    186,223        25,797   

Transcu Group, Ltd.,
expires 09/01/13, strike SGD 0.04 (a) (b)

    97,000        1,580   
   

 

 

 
      27,377   
   

 

 

 

Total Warrants
(Identified Cost $36,550)

      29,063   
   

 

 

 
Short Term Investments—19.6%   

United States—19.6%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $371,000 on 10/01/12, collateralized by $370,000 U.S. Treasury Note at 1.000% due 10/31/16 with a value of $379,496.

  $ 371,000        371,000   

State Street Navigator Securities Lending Prime Portfolio (d)

    147,485,756        147,485,756   
   

 

 

 

Total Short Term Investments
(Identified Cost $147,856,756)

      147,856,756   
   

 

 

 

Total Investments—119.0%
(Identified Cost $832,301,519) (e)

      897,696,305   

Liabilities in excess of other assets

      (143,254,569
   

 

 

 
Net Assets—100.0%     $ 754,441,736   
   

 

 

 

 

(a) Non-Income Producing.
(b) Security was valued in good faith under procedures approved by the Board of Trustees.
(c) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $140,151,079 and the collateral received consisted of cash in the amount of $147,485,756 and non-cash collateral with a value of $1,848,034. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of September 30, 2012, the aggregate cost of investments was $832,301,519. The aggregate unrealized appreciation and depreciation of investments was $169,234,963 and $(103,840,177), respectively, resulting in net unrealized appreciation of $65,394,786.
(REIT)— A Real Estate Investment Trust is a pooled investment vehicle that invests primarily in income-producing real estate or real estate related loans or interests.

 

MSF-115


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

(VVPR
Strip)— The VVPR Strip is a coupon which, if presented along with the corresponding coupon of the share, allows the holder to benefit from a reduced withholding tax of 15% (rather than 25%) on the dividends paid by the company. This strip is quoted seperately from the ordinary share and is freely negotiable.
(SEK)— Swedish Krona
(SGD)— Singapore Dollar
(USD)— U.S. Dollar

 

Ten Largest Industries as of

September 30, 2012

  

% of
Net Assets

 

Metals & Mining

     5.8%   

Machinery

     5.6%   

Commercial Banks

     4.7%   

Oil, Gas & Consumable Fuels

     4.2%   

Construction & Engineering

     3.9%   

Hotels, Restaurants & Leisure

     3.9%   

Media

     3.7%   

Real Estate Management & Development

     3.2%   

Food Products

     3.1%   

Electronic Equipment, Instruments & Components

     3.1%   

 

 

MSF-116


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Australia

   $ 41,691       $ 50,416,154       $ 90,036       $ 50,547,881   

Austria

     —           6,328,324         —           6,328,324   

Belgium

     —           8,806,911         50         8,806,961   

Canada

     80,885,548         —           17,271         80,902,819   

Denmark

     —           10,229,082         —           10,229,082   

Finland

     94,857         17,215,368         —           17,310,225   

France

     —           26,422,711         22,526         26,445,237   

Germany

     —           33,582,066         —           33,582,066   

Greece

     6,529         6,657,130         15,367         6,679,026   

Hong Kong

     862,207         17,713,572         176,520         18,752,299   

India

     —           30,865         —           30,865   

Ireland

     —           7,895,150         —           7,895,150   

Israel

     45,278         7,021,625         —           7,066,903   

Italy

     —           20,352,954         —           20,352,954   

Japan

     38,138         171,858,879         —           171,897,017   

Netherlands

     —           14,137,103         —           14,137,103   

New Zealand

     10,606         7,333,073         —           7,343,679   

Norway

     —           8,050,066         —           8,050,066   

Portugal

     249,221         3,171,593         —           3,420,814   

Singapore

     87,980         14,311,579         15,808         14,415,367   

Spain

     —           13,436,634         —           13,436,634   

Sweden

     9,597         27,389,498         —           27,399,095   

Switzerland

     1,803,480         33,514,150         —           35,317,630   

United Kingdom

     —           159,361,461         —           159,361,461   

Total Common Stock

     84,135,132         665,235,948         337,578         749,708,658   

Total Preferred Stock*

     —           118         —           118   

Total Rights*

     —           12,716         —           12,716   
Units            

Ireland

     3,026         —           —           3,026   

Singapore

     —           85,968         —           85,968   

Total Units

     3,026         85,968         —           88,994   
Warrants            

Canada

     —           427         —           427   

Italy

     1,259         —           —           1,259   

Singapore

     25,797         —           1,580         27,377   

Total Warrants

     27,056         427         1,580         29,063   

 

MSF-117


Table of Contents

Metropolitan Series Fund

 

Met/Dimensional International Small Company Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Short Term Investments

           

United States

   $ 147,485,756       $ 371,000       $ —         $ 147,856,756   

Total Investments

   $ 231,650,970       $ 665,706,177       $ 339,158       $ 897,696,305   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

The following table details transfers between Level 1 and Level 2 of the fair value hierarchy:

 

Transfers In      Transfers Out  
Level 1    Level 2      Level 1      Level 2  
$2,187,542    $ 1,372,898       $ 1,372,898       $ 2,187,542   

 

Transfers from Level 2 to Level 1 were due to the discontinuation of a systematic fair valuation model factor. Transfers from Level 1 to Level 2 were due to the application of a systematic fair valuation model factor.

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

      Common
Stock
    Warrants      Total  

Balance as of December 31, 2011

   $ 131,695      $ 1,498       $ 133,193   

Transfers Into level 3

     534,833        0         534,833   

Transfers Out of level 3

     0        0         0   

Accrued discounts/premiums

     0        0         0   

Realized Loss

     (67,586     0         (67,586

Change in unrealized appreciation (depreciation)

     (218,311     82         (218,229

Security Purchases

     66,976        0         66,976   

Security Sales

     (110,029     0         (110,029

Balance as of September 30, 2012

   $ 337,578      $ 1,580       $ 339,158   

 

Common stock transfers into level 3 were due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs. The change in unrealized depreciation on investments held at September 30, 2012 was $(300,583).

 

MSF-118


Table of Contents

Metropolitan Series Fund

 

MetLife Conservative Allocation Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  

Affiliated Investment Companies—100.0%

  

 

Baillie Gifford International Stock Portfolio,
(Class A) (a)

    865,768      $ 7,566,815   

BlackRock Bond Income Portfolio, (Class A) (a)

    1,128,635        128,596,713   

BlackRock High Yield Portfolio, (Class A) (b)

    877,197        7,552,667   

BlackRock Large Cap Value Portfolio,
(Class A) (a)

    784,246        7,560,128   

BlackRock Legacy Large Cap Growth Portfolio,
(Class A) (a)

    261,737        7,538,024   

Clarion Global Real Estate Portfolio,
(Class A) (b)

    696,149        7,511,450   

Davis Venture Value Portfolio, (Class A) (a)

    458,982        15,054,598   

Harris Oakmark International Portfolio,
(Class A) (b)

    564,032        7,445,220   

Lord Abbett Bond Debenture Portfolio,
(Class A) (b)

    576,794        7,561,764   

Met/Artisan Mid Cap Value Portfolio,
(Class A) (a)

    39,520        7,531,279   

Met/Eaton Vance Floating Rate Portfolio,
(Class A) (b)

    1,432,655        15,128,832   

Met/Franklin Low Duration Total Return Portfolio,
(Class A) (b)

    4,516,231        45,342,961   

Met/Templeton International Bond Portfolio,
(Class A) (b)

    1,325,152        15,172,995   

MFS Research International Portfolio,
(Class A) (b)

    768,582        7,501,357   

MFS Value Portfolio, (Class A) (a)

    1,104,400        15,119,233   

Neuberger Berman Genesis Portfolio,
(Class A) (a)

    582,800        7,535,610   

PIMCO Inflation Protected Bond Portfolio,
(Class A) (b)

    6,446,234        75,678,790   

Affiliated Investment Companies—(Continued)

  

 

PIMCO Total Return Portfolio, (Class A) (b)

    12,464,256      $ 158,794,628   

Pioneer Fund Portfolio, (Class A) (b)

    1,038,796        15,072,931   

Rainier Large Cap Equity Portfolio,
(Class A) (b)

    855,589        7,537,737   

T. Rowe Price Large Cap Growth Portfolio,
(Class A) (a)

    422,357        7,547,526   

T. Rowe Price Large Cap Value Portfolio,
(Class A) (b)

    630,670        15,073,021   

Third Avenue Small Cap Value Portfolio,
(Class A) (b) (c)

    977,788        15,038,378   

Van Kampen Comstock Portfolio, (Class A) (b)

    710,177        7,542,076   
   

Western Asset Management Strategic Bond Opportunities Portfolio, (Class A) (a)

    1,651,695        22,694,294   

Western Asset Management U.S. Government Portfolio, (Class A) (a)

    9,799,627        121,025,393   
   

 

 

 

Total Mutual Funds
(Identified Cost $709,223,362)

      755,724,420   
   

 

 

 

Total Investments—100.0%
(Identified Cost $709,223,362) (d)

      755,724,420   

Liabilities in excess of other assets

      (371,862
   

 

 

 
Net Assets—100.0%     $ 755,352,558   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund, Inc.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-Income Producing.
(d) As of September 30, 2012, the aggregate cost of investments was $709,223,362. The aggregate unrealized appreciation and depreciation of investments was $46,722,168 and $(221,110), respectively, resulting in net unrealized appreciation of $46,501,058.

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 755,724,420       $ —         $ —         $ 755,724,420   

Total Investments

   $ 755,724,420       $ —         $ —         $ 755,724,420   
                                     

 

MSF-119


Table of Contents

Metropolitan Series Fund

 

MetLife Conservative to Moderate Allocation Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  

Affiliated Investment Companies—100.0%

  

Baillie Gifford International Stock Portfolio, (Class A) (a)

    3,925,743      $ 34,310,992   

BlackRock Bond Income Portfolio, (Class A) (a)

    1,808,541        206,065,131   

BlackRock High Yield Portfolio, (Class A) (b)

    1,995,080        17,177,641   

BlackRock Large Cap Value Portfolio, (Class A) (a)

    3,564,718        34,363,878   

BlackRock Legacy Large Cap Growth Portfolio, (Class A) (a)

    1,186,632        34,175,008   

Clarion Global Real Estate Portfolio, (Class A) (b)

    1,578,112        17,027,831   

Davis Venture Value Portfolio, (Class A) (a)

    1,561,575        51,219,653   

Goldman Sachs Mid Cap Value Portfolio, (Class A) (b)

    1,256,722        17,016,016   

Harris Oakmark International Portfolio, (Class A) (b)

    3,792,398        50,059,652   

Invesco Small Cap Growth Portfolio, (Class A) (b)

    2,241,379        33,956,894   

Lord Abbett Bond Debenture Portfolio, (Class A) (b)

    1,313,383        17,218,457   

Met/Artisan Mid Cap Value Portfolio, (Class A) (a)

    88,929        16,947,263   

Met/Eaton Vance Floating Rate Portfolio, (Class A) (b)

    3,246,585        34,283,934   

Met/Franklin Low Duration Total Return Portfolio, (Class A) (b)

    6,788,257        68,154,097   

Met/Templeton International Bond Portfolio, (Class A) (b)

    4,527,040        51,834,604   

MFS Research International Portfolio, (Class A) (b)

    3,486,674        34,029,937   

MFS Value Portfolio, (Class A) (a)

    5,022,532        68,758,462   

Neuberger Berman Genesis Portfolio, (Class A) (a)

    1,325,086        17,133,361   

PIMCO Inflation Protected Bond Portfolio, (Class A) (b)

    10,252,158        120,360,330   

PIMCO Total Return Portfolio, (Class A) (b)

    24,325,024        309,900,806   

Affiliated Investment Companies—(Continued)

  

Pioneer Fund Portfolio, (Class A) (b)

    2,362,687      $ 34,282,584   

Rainier Large Cap Equity Portfolio, (Class A) (b)

    3,888,496        34,257,647   

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

    1,916,683        34,251,131   

T. Rowe Price Large Cap Value Portfolio, (Class A) (b)

    2,867,770        68,539,701   

T. Rowe Price Mid Cap Growth Portfolio, (Class A) (b)

    1,818,948        17,043,543   

Third Avenue Small Cap Value Portfolio, (Class A) (b) (c)

    2,214,956        34,066,021   

Van Eck Global Natural Resources Portfolio, (Class A) (a)

    1,296,078        16,771,251   

Van Kampen Comstock Portfolio, (Class A) (b)

    4,841,327        51,414,894   

Western Asset Management Strategic Bond Opportunities Portfolio, (Class A) (a)

    2,507,758        34,456,601   

Western Asset Management U.S. Government Portfolio, (Class A) (a)

    12,442,679        153,667,090   
   

 

 

 

Total Mutual Funds
(Identified Cost $1,585,822,921)

      1,712,744,410   
   

 

 

 

Total Investments—100.0%
(Identified Cost $1,585,822,921) (d)

      1,712,744,410   

Liabilities in excess of other assets

      (814,062
   

 

 

 
Net Assets—100.0%     $ 1,711,930,348   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund, Inc.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-Income Producing.
(d) As of September 30, 2012, the aggregate cost of investments was $1,585,822,921. The aggregate unrealized appreciation and depreciation of investments was $129,628,217 and $(2,706,728), respectively, resulting in net unrealized appreciation of $126,921,489.

 

MSF-120


Table of Contents

Metropolitan Series Fund

 

MetLife Conservative to Moderate Allocation Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule to Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 1,712,744,410       $ —         $ —         $ 1,712,744,410   

Total Investments

   $ 1,712,744,410       $ —         $ —         $ 1,712,744,410   
                                     

 

MSF-121


Table of Contents

Metropolitan Series Fund

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—95.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.2%

   

Alliant Techsystems, Inc.

    18,009      $ 902,431   

BE Aerospace, Inc. (a)

    57,321        2,413,214   

Esterline Technologies Corp. (a) (b)

    17,013        955,110   

Exelis, Inc.

    102,995        1,064,968   

Huntington Ingalls Industries, Inc. (a)

    27,297        1,147,839   

Triumph Group, Inc. (b)

    27,526        1,721,201   
   

 

 

 
      8,204,763   
   

 

 

 

Air Freight & Logistics—0.1%

   

UTi Worldwide, Inc.

    57,198        770,457   
   

 

 

 

Airlines—0.3%

   

Alaska Air Group, Inc. (a)

    38,865        1,362,607   

JetBlue Airways Corp. (a) (b)

    125,375        600,546   
   

 

 

 
      1,963,153   
   

 

 

 

Auto Components—0.2%

   

Gentex Corp. (b)

    79,702        1,355,731   
   

 

 

 

Automobiles—0.1%

   

Thor Industries, Inc.

    24,206        879,162   
   

 

 

 

Biotechnology—2.2%

   

Regeneron Pharmaceuticals, Inc. (a) (b)

    41,303        6,305,316   

United Therapeutics Corp. (a)

    26,518        1,481,826   

Vertex Pharmaceuticals, Inc. (a)

    118,980        6,656,931   
   

 

 

 
      14,444,073   
   

 

 

 

Building Products—0.5%

   

Fortune Brands Home & Security, Inc. (a)

    88,597        2,393,005   

Lennox International, Inc.

    25,597        1,237,871   
   

 

 

 
      3,630,876   
   

 

 

 

Capital Markets—2.1%

   

Affiliated Managers Group, Inc. (a)

    28,310        3,482,130   

Apollo Investment Corp.

    111,858        880,322   

Eaton Vance Corp. (b)

    63,507        1,839,163   

Greenhill & Co., Inc. (b)

    14,751        763,364   

Janus Capital Group, Inc.

    103,279        974,954   

Jefferies Group, Inc.

    70,626        966,870   

Raymond James Financial, Inc.

    61,635        2,258,923   

SEI Investments Co.

    74,635        1,600,921   

Waddell & Reed Financial, Inc. (Class A)

    47,316        1,550,545   
   

 

 

 
      14,317,192   
   

 

 

 

Chemicals—2.8%

   

Albemarle Corp.

    49,341        2,599,284   

Ashland, Inc.

    40,271        2,883,404   

Cabot Corp.

    32,802        1,199,569   

Cytec Industries, Inc.

    25,393        1,663,749   

Intrepid Potash, Inc. (a) (b)

    29,447        632,521   

Minerals Technologies, Inc. (b)

    9,730        690,149   

NewMarket Corp. (b)

    5,913        1,457,436   

Olin Corp. (b)

    44,110        958,510   

RPM International, Inc.

    72,718        2,075,372   

Sensient Technologies Corp.

    27,516        1,011,488   

The Scotts Miracle-Gro Co.

    21,242        923,390   

Chemicals—(Continued)

   

Valspar Corp.

    46,546      $ 2,611,231   
   

 

 

 
      18,706,103   
   

 

 

 

Commercial Banks—3.6%

   

Associated Banc-Corp.

    94,630        1,246,277   

BancorpSouth, Inc.

    45,817        675,342   

Bank of Hawaii Corp. (b)

    24,917        1,136,713   

Cathay General Bancorp (b)

    40,365        696,700   

City National Corp. (b)

    25,990        1,338,745   

Commerce Bancshares, Inc.

    41,066        1,656,192   

Cullen/Frost Bankers, Inc. (b)

    33,854        1,944,235   

East West Bancorp, Inc.

    78,254        1,652,724   

FirstMerit Corp.

    60,448        890,399   

Fulton Financial Corp.

    110,479        1,089,323   

Hancock Holding Co. (b)

    46,741        1,446,634   

International Bancshares Corp. (b)

    30,022        571,919   

Prosperity Bancshares, Inc. (b)

    24,103        1,027,270   

Signature Bank (a)

    25,836        1,733,079   

SVB Financial Group (a)

    24,484        1,480,303   

Synovus Financial Corp. (b)

    433,659        1,027,772   

TCF Financial Corp. (b)

    89,831        1,072,582   

Trustmark Corp. (b)

    35,714        869,279   

Valley National Bancorp (b)

    108,853        1,090,707   

Webster Finanical Corp. (b)

    39,731        941,625   

Westamerica Bancorp (b)

    15,197        715,019   
   

 

 

 
      24,302,839   
   

 

 

 

Commercial Services & Supplies—1.7%

   

Clean Harbors, Inc. (a)

    26,181        1,278,942   

Copart, Inc. (a)

    59,593        1,652,514   

Corrections Corp. of America (a)

    55,158        1,845,035   

Deluxe Corp. (b)

    27,872        851,768   

Herman Miller, Inc. (b)

    32,138        624,763   

HNI Corp. (b)

    24,991        637,520   

Mine Safety Appliances Co. (b)

    17,119        638,025   

Rollins, Inc. (b)

    36,239        847,630   

The Brink’s Co. (b)

    26,319        676,135   

Waste Connections, Inc. (b)

    67,926        2,054,762   
   

 

 

 
      11,107,094   
   

 

 

 

Communications Equipment—1.0%

   

ADTRAN, Inc. (b)

    34,882        602,761   

Ciena Corp. (a) (b)

    55,243        751,305   

InterDigital, Inc.

    23,505        876,266   

Plantronics, Inc. (b)

    23,311        823,578   

Polycom, Inc. (a)

    97,494        962,266   

Riverbed Technology, Inc. (a)

    85,054        1,979,206   

Tellabs, Inc.

    190,383        673,956   
   

 

 

 
      6,669,338   
   

 

 

 

Computers & Peripherals—0.7%

   

Diebold, Inc.

    34,850        1,174,793   

Lexmark International, Inc. (Class A)

    38,771        862,655   

NCR Corp. (a)

    87,715        2,044,637   

QLogic Corp. (a)

    51,972        593,520   
   

 

 

 
      4,675,605   
   

 

 

 

 

MSF-122


Table of Contents

Metropolitan Series Fund

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Construction & Engineering—1.1%

  

AECOM Technology Corp. (a)

    62,342      $ 1,319,157   

Granite Construction, Inc. (b)

    19,633        563,860   

KBR, Inc.

    81,223        2,422,070   

The Shaw Group, Inc. (a)

    36,386        1,587,157   

URS Corp.

    42,373        1,496,190   
   

 

 

 
      7,388,434   
   

 

 

 

Construction Materials—0.3%

  

Martin Marietta Materials, Inc.

    25,276        2,094,622   
   

 

 

 

Containers & Packaging—1.5%

  

Aptargroup, Inc.

    36,715        1,898,533   

Greif, Inc.

    16,719        738,645   

Packaging Corp. of America

    54,110        1,964,193   

Rock-Tenn Co.

    39,017        2,816,247   

Silgan Holdings, Inc.

    27,180        1,182,602   

Sonoco Products Co.

    55,487        1,719,542   
   

 

 

 
      10,319,762   
   

 

 

 

Distributors—0.5%

  

LKQ Corp. (a)

    163,347        3,021,920   
   

 

 

 

Diversified Consumer Services—0.8%

  

DeVry, Inc.

    31,817        724,155   

ITT Educational Services, Inc. (a) (b)

    8,614        277,629   

Matthews International Corp. (b)

    15,406        459,407   

Regis Corp. (b)

    31,650        581,727   

Service Corp. International

    118,475        1,594,674   

Sotheby’s (b)

    37,361        1,176,872   

Strayer Education, Inc. (b)

    6,547        421,299   
   

 

 

 
      5,235,763   
   

 

 

 

Diversified Financial Services—0.6%

  

CBOE Holdings, Inc. (b)

    48,115        1,415,543   

MSCI, Inc. (a)

    67,149        2,403,263   
   

 

 

 
      3,818,806   
   

 

 

 

Diversified Telecommunication Services—0.3%

  

tw telecom, inc. (a)

    83,275        2,170,979   
   

 

 

 

Electric Utilities—2.1%

  

Cleco Corp. (b)

    33,474        1,405,239   

Great Plains Energy, Inc.

    84,420        1,879,189   

Hawaiian Electric Industries, Inc. (b)

    53,523        1,408,190   

IDACORP, Inc. (b)

    27,652        1,196,502   

NV Energy, Inc.

    130,112        2,343,317   

OGE Energy Corp.

    54,392        3,016,580   

PNM Resources, Inc.

    43,915        923,533   

Westar Energy, Inc.

    69,640        2,065,522   
   

 

 

 
      14,238,072   
   

 

 

 

Electrical Equipment—1.7%

  

Acuity Brands, Inc. (b)

    23,349        1,477,758   

AMETEK, Inc.

    133,716        4,740,232   

General Cable Corp. (a) (b)

    27,440        806,187   

Hubbell, Inc. (Class B)

    29,449        2,377,713   

Electric Equipment—(Continued)

  

Regal-Beloit Corp.

    22,977      $ 1,619,419   
   

 

 

 
      11,021,309   
   

 

 

 

Electronic Equipment, Instruments & Components—1.9%

  

Arrow Electronics, Inc. (a)

    59,985        2,022,095   

Avnet, Inc. (a)

    77,924        2,266,809   

Ingram Micro, Inc. (a)

    82,745        1,260,206   

Itron, Inc. (a) (b)

    21,787        940,109   

National Instruments Corp.

    51,872        1,305,618   

Tech Data Corp. (a)

    20,815        942,920   

Trimble Navigation, Ltd. (a)

    69,298        3,302,743   

Vishay Intertechnology, Inc. (a) (b)

    72,670        714,346   
   

 

 

 
      12,754,846   
   

 

 

 

Energy Equipment & Services—2.7%

   

Atwood Oceanics, Inc. (a)

    31,352        1,424,948   

CARBO Ceramics, Inc. (b)

    10,818        680,669   

Dresser-Rand Group, Inc. (a)

    41,717        2,299,024   

Dril-Quip, Inc. (a) (b)

    20,057        1,441,697   

Helix Energy Solutions Group, Inc. (a)

    53,955        985,758   

Oceaneering International, Inc.

    59,490        3,286,822   

Oil States International, Inc. (a)

    30,180        2,398,103   

Patterson-UTI Energy, Inc. (b)

    83,670        1,325,333   

Superior Energy Services, Inc. (a)

    86,637        1,777,791   

Tidewater, Inc.

    27,470        1,333,119   

Unit Corp. (a)

    23,842        989,443   
   

 

 

 
      17,942,707   
   

 

 

 

Food & Staples Retailing—0.2%

   

Harris Teeter Supermarkets, Inc. (b)

    27,178        1,055,593   

SUPERVALU, Inc. (b)

    117,809        283,920   
   

 

 

 
      1,339,513   
   

 

 

 

Food Products—1.8%

   

Flowers Foods, Inc.

    63,466        1,280,744   

Green Mountain Coffee Roasters, Inc. (a) (b)

    71,169        1,690,264   

Hillshire Brands Co.

    65,494        1,753,929   

Ingredion, Inc.

    42,003        2,316,885   

Lancaster Colony Corp. (b)

    10,681        782,383   

Post Holdings, Inc. (a)

    18,001        541,110   

Ralcorp Holdings, Inc. (a)

    30,341        2,214,893   

Smithfield Foods, Inc. (a)

    74,170        1,457,441   

Tootsie Roll Industries, Inc. (b)

    11,354        306,331   
   

 

 

 
      12,343,980   
   

 

 

 

Gas Utilities—1.7%

   

Atmos Energy Corp.

    49,714        1,779,264   

Energen Corp.

    39,766        2,084,136   

National Fuel Gas Co.

    45,929        2,482,003   

Questar Corp.

    96,867        1,969,306   

UGI Corp.

    62,006        1,968,690   

WGL Holdings, Inc. (b)

    28,434        1,144,469   
   

 

 

 
      11,427,868   
   

 

 

 

Health Care Equipment & Supplies—2.6%

  

Hill-Rom Holdings, Inc.

    34,278        996,119   

Hologic, Inc. (a)

    145,933        2,953,684   

 

MSF-123


Table of Contents

Metropolitan Series Fund

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—(Continued)

  

IDEXX Laboratories, Inc. (a) (b)

    30,344      $ 3,014,676   

Masimo Corp. (a) (b)

    28,678        693,434   

ResMed, Inc. (a) (b)

    78,307        3,169,084   

STERIS Corp. (b)

    32,027        1,135,998   

Teleflex, Inc.

    22,531        1,551,034   

The Cooper Cos., Inc.

    26,405        2,494,216   

Thoratec Corp. (a)

    32,430        1,122,078   
   

 

 

 
      17,130,323   
   

 

 

 

Health Care Providers & Services—3.4%

  

AMERIGROUP Corp. (a)

    26,897        2,459,193   

Community Health Systems, Inc. (a)

    50,150        1,461,371   

Health Management Associates, Inc. (a)

    141,335        1,185,800   

Health Net, Inc. (a)

    44,925        1,011,262   

Henry Schein, Inc. (a) (b) (c)

    48,808        3,869,010   

HMS Holdings Corp. (a)

    47,600        1,591,268   

LifePoint Hospitals, Inc. (a) (b)

    26,951        1,152,964   

Mednax, Inc. (a) (b)

    27,411        2,040,749   

Omnicare, Inc.

    61,500        2,089,155   

Owens & Minor, Inc. (b)

    35,011        1,046,129   

Universal Health Services, Inc. (Class B)

    48,614        2,223,118   

VCA Antech, Inc. (a) (b)

    48,384        954,616   

WellCare Health Plans, Inc. (a)

    23,760        1,343,628   
   

 

 

 
      22,428,263   
   

 

 

 

Health Care Technology—0.2%

  

Allscripts Heathcare Solutions, Inc. (a)

    94,437        1,173,852   
   

 

 

 

Hotels, Restaurants & Leisure—1.4%

  

Bally Technologies, Inc. (a) (b)

    22,846        1,128,364   

Bob Evans Farms, Inc. (b)

    15,480        605,732   

Brinker International, Inc. (b)

    40,757        1,438,722   

International Speedway Corp.

    14,075        399,308   

Life Time Fitness, Inc. (a) (b)

    22,065        1,009,253   

Panera Bread Co. (a)

    15,526        2,653,238   

Scientific Games Corp. (a)

    31,277        258,661   

The Cheesecake Factory, Inc. (b)

    27,527        984,090   

The Wendy’s Co. (b)

    155,104        705,723   

WMS Industries, Inc. (a) (b)

    30,020        491,728   
   

 

 

 
      9,674,819   
   

 

 

 

Household Durables—2.1%

  

Jarden Corp. (a)

    41,387        2,186,889   

KB Home (b)

    42,188        605,398   

MDC Holdings, Inc.

    21,168        815,180   

Mohawk Industries, Inc. (a)

    31,953        2,556,879   

NVR, Inc. (a)

    2,668        2,253,126   

Tempur-Pedic International, Inc. (a)

    32,829        981,259   

Toll Brothers, Inc. (a) (b)

    82,533        2,742,571   

Tupperware Brands Corp.

    30,717        1,646,124   
   

 

 

 
      13,787,426   
   

 

 

 

Household Products—1.0%

   

Church & Dwight Co., Inc.

    76,755        4,144,002   

Energizer Holdings, Inc. (a)

    35,511        2,649,476   
   

 

 

 
      6,793,478   
   

 

 

 

Industrial Conglomerates—0.3%

   

Carisle Cos., Inc.

    34,508      $ 1,791,655   
   

 

 

 

Insurance—4.4%

   

Alleghany Corp. (a)

    9,335        3,220,015   

American Financial Group, Inc.

    43,471        1,647,551   

Arthur J. Gallagher & Co.

    66,698        2,389,122   

Aspen Insurance Holdings, Ltd.

    39,341        1,199,507   

Brown & Brown, Inc.

    64,775        1,688,684   

Everest Re Group, Ltd.

    28,571        3,055,954   

Fidelity National Financial, Inc.

    116,210        2,485,732   

First American Financial Corp. (b)

    58,638        1,270,685   

HCC Insurance Holdings, Inc.

    55,518        1,881,505   

Kemper Corp.

    30,079        923,726   

Mercury General Corp.

    19,981        772,266   

Old Republic International Corp.

    133,023        1,237,114   

Protective Life Corp.

    44,133        1,156,726   

Reinsurance Group of America, Inc.

    40,640        2,351,837   

StanCorp Financial Group, Inc. (b)

    24,325        759,913   

The Hanover Insurance Group, Inc.

    24,710        920,695   

W.R. Berkley Corp. (b)

    61,241        2,295,925   
   

 

 

 
      29,256,957   
   

 

 

 

Internet & Catalog Retail—0.2%

   

HSN, Inc. (b)

    20,558        1,008,370   
   

 

 

 

Internet Software & Services—1.8%

   

AOL, Inc. (a)

    49,443        1,741,877   

Equinix, Inc. (a) (b)

    26,566        5,473,924   

Monster Worldwide, Inc. (a) (b)

    65,208        477,975   

Rackspace Hosting, Inc. (a) (b)

    59,807        3,952,644   

ValueClick, Inc. (a) (b)

    38,915        668,949   
   

 

 

 
      12,315,369   
   

 

 

 

IT Services—3.0%

   

Acxiom Corp. (a)

    41,365        755,739   

Alliance Data Systems Corp. (a) (b)

    27,515        3,905,754   

Broadridge Financial Solutions, Inc.

    68,862        1,606,550   

Convergys Corp. (a) (b)

    61,989        971,368   

CoreLogic, Inc. (a)

    58,075        1,540,730   

DST Systems, Inc.

    16,906        956,203   

Gartner, Inc. (Class A) (a)

    51,507        2,373,958   

Global Payments, Inc.

    43,499        1,819,563   

Lender Processing Services, Inc.

    46,694        1,302,296   

Mantech International Corp. (a) (b)

    13,032        312,768   

NeuStar, Inc. (a)

    36,614        1,465,658   

VeriFone Systems, Inc. (a) (b)

    59,439        1,655,376   

Wright Express Corp. (a)

    21,319        1,486,361   
   

 

 

 
      20,152,324   
   

 

 

 

Leisure Equipment & Products—0.4%

   

Polaris Industries, Inc.

    35,117        2,839,912   
   

 

 

 

Life Sciences Tools & Services—1.2%

   

Bio-Rad Laboratories, Inc. (a)

    11,078        1,182,244   

Charles River Laboratories International, Inc. (a)

    26,866        1,063,894   

Covance, Inc. (a) (c)

    30,371        1,418,022   

Mettler-Toledo International, Inc. (a)

    17,106        2,920,678   

 

MSF-124


Table of Contents

Metropolitan Series Fund

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Life Sciences Tools & Services—(Continued)

  

Techne Corp.

    19,087      $ 1,373,119   
   

 

 

 
      7,957,957   
   

 

 

 

Machinery—4.9%

   

AGCO Corp. (a)

    53,601        2,544,975   

CLARCOR, Inc. (b)

    27,633        1,233,261   

Crane Co.

    26,561        1,060,581   

Donaldson Co., Inc. (b)

    75,534        2,621,785   

Gardner Denver, Inc.

    27,000        1,631,070   

Graco, Inc.

    33,365        1,677,592   

Harsco Corp.

    44,428        912,107   

IDEX Corp.

    45,971        1,920,209   

ITT Corp.

    50,942        1,026,481   

Kennametal, Inc.

    44,165        1,637,638   

Lincoln Electric Holdings, Inc.

    46,051        1,798,292   

Nordson Corp.

    31,101        1,823,141   

Oshkosh Corp. (a)

    50,528        1,385,983   

SPX Corp.

    27,969        1,829,452   

Terex Corp. (b)

    60,921        1,375,596   

Timken Co.

    44,538        1,655,032   

Trinity Industries, Inc.

    43,556        1,305,373   

Valmont Industries, Inc.

    12,905        1,697,008   

Wabtec Corp.

    26,403        2,119,897   

Woodward, Inc. (b)

    33,344        1,133,029   
   

 

 

 
      32,388,502   
   

 

 

 

Marine—0.3%

   

Kirby Corp. (a) (b)

    30,801        1,702,679   

Matson, Inc. (b)

    23,378        488,834   
   

 

 

 
      2,191,513   
   

 

 

 

Media—1.2%

   

AMC Networks, Inc. (a)

    31,623        1,376,233   

Cinemark Holdings, Inc. (b)

    56,366        1,264,289   

DreamWorks Animation SKG, Inc. (a) (b)

    39,509        759,758   

John Wiley & Sons, Inc.

    25,824        1,186,613   

Lamar Advertising Co. (Class A) (a)

    30,367        1,125,401   

Meredith Corp. (b)

    19,867        695,345   

Scholastic Corp. (b)

    14,434        458,713   

The New York Times Co. (Class A) (a) (b)

    67,033        654,242   

Valassis Communications, Inc. (a) (b)

    21,928        541,402   
   

 

 

 
      8,061,996   
   

 

 

 

Metals & Mining—1.6%

   

Carpenter Technology Corp.

    24,356        1,274,306   

Commercial Metals Co.

    64,074        845,777   

Compass Minerals International, Inc. (b)

    18,254        1,361,566   

Reliance Steel & Aluminum Co.

    41,506        2,172,839   

Royal Gold, Inc. (b)

    32,465        3,241,955   

Steel Dynamics, Inc.

    120,832        1,356,943   

Worthington Industries, Inc. (b)

    28,682        621,252   
   

 

 

 
      10,874,638   
   

 

 

 

Multi-Utilities—1.1%

   

Alliant Energy Corp.

    61,184        2,654,774   

Black Hills Corp. (b)

    24,362        866,556   

MDU Resources Group, Inc.

    104,107        2,294,518   

Multi-Utilities—(Continued)

   

Vectren Corp.

    45,241      $ 1,293,893   
   

 

 

 
      7,109,741   
   

 

 

 

Multiline Retail—0.1%

   

Saks, Inc. (a) (b)

    56,407        581,556   
   

 

 

 

Office Electronics—0.2%

   

Zebra Technologies Corp. (Class A) (a)

    28,494        1,069,665   
   

 

 

 

Oil, Gas & Consumable Fuels—2.6%

   

Arch Coal, Inc. (b)

    117,029        740,794   

Bill Barrett Corp. (a) (b)

    26,563        657,966   

Cimarex Energy Co.

    47,407        2,775,680   

Forest Oil Corp. (a) (b)

    65,178        550,754   

HollyFrontier Corp.

    112,224        4,631,484   

Northern Oil & Gas, Inc. (a)

    32,619        554,197   

Plains Exploration & Production Co. (a)

    71,121        2,664,904   

Quicksilver Resources, Inc. (a) (b)

    65,801        269,126   

Rosetta Resources, Inc. (a)

    29,157        1,396,620   

SM Energy Co.

    35,920        1,943,631   

World Fuel Services Corp. (b)

    39,730        1,414,785   
   

 

 

 
      17,599,941   
   

 

 

 

Paper & Forest Products—0.4%

   

Domtar Corp.

    19,798        1,549,985   

Louisiana-Pacific Corp. (a) (b)

    75,909        948,863   
   

 

 

 
      2,498,848   
   

 

 

 

Pharmaceuticals—0.5%

   

Endo Pharmaceuticals Holdings, Inc. (a)

    64,445        2,044,196   

Medicis Pharmaceutical Corp.

    32,945        1,425,530   
   

 

 

 
      3,469,726   
   

 

 

 

Professional Services—0.8%

   

FTI Consulting, Inc. (a)

    23,183        618,522   

Korn/Ferry International (a) (b)

    26,439        405,310   

Manpower, Inc.

    43,737        1,609,522   

The Corporate Executive Board Co. (b)

    18,488        991,512   

Towers Watson & Co.

    31,541        1,673,250   
   

 

 

 
      5,298,116   
   

 

 

 

Real Estate Investment Trusts—9.1%

   

Alexandria Real Estate Equities, Inc.

    34,610        2,544,527   

American Campus Communities, Inc.

    50,712        2,225,243   

BioMed Realty Trust, Inc.

    85,006        1,591,312   

BRE Properties, Inc.

    42,342        1,985,416   

Camden Property Trust

    46,083        2,971,893   

Corporate Office Properties Trust

    39,745        952,688   

Duke Realty Corp.

    148,689        2,185,728   

Equity One, Inc. (b)

    33,933        714,629   

Essex Property Trust, Inc. (b)

    20,076        2,976,066   

Federal Realty Investment Trust

    35,347        3,722,039   

Highwoods Properties, Inc. (b)

    41,940        1,368,083   

Home Properties, Inc.

    27,509        1,685,476   

Hospitality Properties Trust

    68,123        1,619,965   

Liberty Property Trust

    64,805        2,348,533   

Mack-Cali Realty Corp.

    45,997        1,223,520   

 

MSF-125


Table of Contents

Metropolitan Series Fund

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

National Retail Properties, Inc.

    59,648      $ 1,819,264   

Omega Healthcare Investors, Inc. (b)

    59,915        1,361,868   

Potlatch Corp. (b)

    22,240        831,109   

Rayonier, Inc. (b)

    67,684        3,317,193   

Realty Income Corp. (b)

    73,571        3,008,318   

Regency Centers Corp.

    49,586        2,416,326   

Senior Housing Properties Trust

    97,295        2,119,085   

SL Green Realty Corp.

    49,704        3,979,799   

Taubman Centers, Inc.

    34,016        2,610,048   

The Macerich Co.

    73,394        4,200,339   

UDR, Inc.

    137,944        3,423,770   

Weingarten Realty Investors

    61,505        1,728,906   
   

 

 

 
      60,931,143   
   

 

 

 

Real Estate Management & Development—0.4%

  

Alexander & Baldwin, Inc. (a)

    23,378        690,352   

Jones Lang LaSalle, Inc.

    24,281        1,853,855   
   

 

 

 
      2,544,207   
   

 

 

 

Road & Rail—1.5%

   

Con-way, Inc.

    30,840        844,091   

J.B. Hunt Transport Services, Inc.

    49,902        2,596,900   

Kansas City Southern (a)

    60,652        4,596,209   

Landstar System, Inc.

    25,719        1,215,994   

Werner Enterprises, Inc. (b)

    24,511        523,800   
   

 

 

 
      9,776,994   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.7%

  

Atmel Corp. (a) (c)

    242,654        1,276,360   

Cree, Inc. (a) (b)

    63,927        1,632,056   

Cypress Semiconductor Corp.

    75,351        807,763   

Fairchild Semiconductor International, Inc. (a)

    69,819        916,025   

Integrated Device Technology, Inc. (a)

    79,092        465,061   

International Rectifier Corp. (a) (b)

    38,222        637,925   

Intersil Corp.

    70,342        615,493   

MEMC Electronic Materials, Inc. (a)

    127,314        350,114   

RF Micro Devices, Inc. (a)

    152,558        602,604   

Semtech Corp. (a) (b)

    36,353        914,278   

Silicon Laboratories, Inc. (a)

    21,185        778,761   

Skyworks Solutions, Inc. (a)

    105,215        2,479,391   
   

 

 

 
      11,475,831   
   

 

 

 

Software—4.6%

   

ACI Worldwide, Inc. (a) (b)

    21,621        913,704   

Advent Software, Inc. (a) (b)

    17,594        432,285   

ANSYS, Inc. (a)

    50,906        3,736,500   

Cadence Design Systems, Inc. (a)

    151,556        1,949,768   

Compuware Corp. (a)

    118,843        1,177,734   

Concur Technologies, Inc. (a) (b)

    24,858        1,832,780   

FactSet Research Systems, Inc. (b)

    22,557        2,174,946   

Fair Isaac Corp. (b)

    18,658        825,803   

Informatica Corp. (a)

    59,835        2,082,856   

Jack Henry & Associates, Inc.

    47,497        1,800,136   

Mentor Graphics Corp. (a)

    51,529        797,669   

MICROS Systems, Inc. (a)

    44,223        2,172,234   

Parametric Technology Corp. (a)

    65,451        1,426,832   

Rovi Corp. (a)

    60,142        872,660   

Software—(Continued)

   

SolarWinds, Inc. (a)

    33,546      $ 1,869,854   

Solera Holdings, Inc.

    38,557        1,691,496   

Synopsys, Inc. (a)

    82,217        2,714,805   

TIBCO Software, Inc. (a)

    84,894        2,566,346   
   

 

 

 
      31,038,408   
   

 

 

 

Specialty Retail—4.8%

   

Aaron’s, Inc.

    38,866        1,080,864   

Advance Auto Parts, Inc.

    40,428        2,766,892   

Aeropostale, Inc. (a)

    44,804        606,198   

American Eagle Outfitters, Inc. (b)

    98,633        2,079,184   

ANN, Inc. (a)

    26,091        984,413   

Ascena Retail Group, Inc. (a)

    67,908        1,456,627   

Barnes & Noble, Inc. (b)

    20,824        266,131   

Chico’s FAS, Inc.

    91,520        1,657,427   

Collective Brands, Inc. (a)

    33,881        735,557   

Dick’s Sporting Goods, Inc.

    53,549        2,776,516   

Foot Locker, Inc.

    83,260        2,955,730   

Guess?, Inc. (b)

    33,801        859,221   

Office Depot, Inc. (a) (b)

    157,216        402,473   

PetSmart, Inc.

    59,646        4,114,381   

Rent-A-Center, Inc.

    32,549        1,141,819   

Signet Jewelers, Ltd.

    44,599        2,174,647   

Tractor Supply Co. (b)

    39,084        3,865,017   

Williams-Sonoma, Inc.

    47,753        2,099,699   
   

 

 

 
      32,022,796   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.7%

  

Carter’s, Inc. (a)

    27,968        1,505,797   

Deckers Outdoor Corp. (a) (b)

    20,427        748,445   

Hanesbrands, Inc. (a) (b)

    53,811        1,715,495   

PVH Corp.

    38,895        3,645,239   

The Warnaco Group, Inc. (a)

    22,534        1,169,515   

Under Armour, Inc. (a) (b)

    42,619        2,379,419   
   

 

 

 
      11,163,910   
   

 

 

 

Thrifts & Mortgage Finance—1.0%

  

Astoria Financial Corp. (b)

    45,036        444,956   

First Niagara Financial Group, Inc.

    194,419        1,572,850   

New York Community Bancorp, Inc. (b)

    242,096        3,428,079   

Washington Federal, Inc.

    58,712        979,316   
   

 

 

 
      6,425,201   
   

 

 

 

Tobacco—0.1%

   

Universal Corp. (b)

    12,883        656,002   
   

 

 

 

Trading Companies & Distributors—0.9%

  

GATX Corp.

    25,857        1,097,371   

MSC Industrial Direct Co.

    25,595        1,726,639   

United Rentals, Inc. (a)

    51,108        1,671,742   

Watsco, Inc. (b)

    16,348        1,239,015   
   

 

 

 
      5,734,767   
   

 

 

 

Water Utilities—0.3%

   

Aqua America, Inc. (b)

    77,038        1,907,461   
   

 

 

 

 

MSF-126


Table of Contents

Metropolitan Series Fund

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares/Par
Amount
    Value  

Wireless Telecommunication Services—0.2%

  

Telephone & Data Systems, Inc.

    55,698      $ 1,426,426   
   

 

 

 

Total Common Stock
(Identified Cost $544,633,598)

      638,703,060   
   

 

 

 
Mutual Funds—1.7%                

Exchange Traded Funds—1.7%

   

SPDR S&P MidCap 400 ETF Trust (b)

    64,200        11,550,864   
   

 

 

 

Total Mutual Funds
(Identified Cost $10,958,465)

      11,550,864   
   

 

 

 
Short Term Investments—23.7%   

Discount Notes—0.3%

   

Federal Home Loan Bank
0.010%, 10/03/12

  $ 2,275,000        2,274,987   
   

 

 

 

Mutual Funds—21.2%

   

State Street Navigator Securities Lending Prime Portfolio (d)

    141,196,055        141,196,055   
   

 

 

 

U.S. Treasury—2.2%

   

U.S. Treasury Bills
0.055%, 10/18/12

    9,575,000        9,574,618   

0.078%, 12/13/12

    1,000,000        999,807   

U.S. Treasury—(Continued)

   

U.S. Treasury Bills
0.078%, 12/20/12

  $ 4,025,000      $ 4,024,120   
   

 

 

 
      14,598,545   
   

 

 

 

Total Short Term Investments
(Identified Cost $158,069,587)

      158,069,587   
   

 

 

 

Total Investments—121.1%
(Identified Cost $713,661,650) (e)

      808,323,511   

Liabilities in excess of other assets

      (140,580,036
   

 

 

 
Net Assets—100.0%     $ 667,743,475   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $137,551,003 and the collateral received consisted of cash in the amount of $141,196,055 and non-cash collateral with a value of $270,472. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2012, the market value of securities pledged was $3,161,410.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of September 30, 2012, the aggregate cost of investments was $713,661,650. The aggregate unrealized appreciation and depreciation of investments was $146,920,214 and $(52,258,353), respectively, resulting in net unrealized appreciation of $94,661,861.

 

Futures Contracts                  

Futures Contracts–Long

   Exchange      Expiration
Date
     Number of
Contracts
     Contract
Amount
     Valuation as of
September 30,
2012
     Unrealized
Depreciation
 

S&P MidCap 400 Index Futures

     CME Index & Options Market         12/21/12         170       $ 16,913,793       $ 16,770,500       ($ 143,293
                 

 

 

 

 

MSF-127


Table of Contents

Metropolitan Series Fund

 

MetLife Mid Cap Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1     Level 2      Level 3      Total  

Total Common Stock*

   $ 638,703,060      $ —         $ —         $ 638,703,060   

Total Mutual Funds*

     11,550,864        —           —           11,550,864   
Short Term Investments           

Discount Notes

     —          2,274,987         —           2,274,987   

Mutual Funds

     141,196,055        —           —           141,196,055   

U.S. Treasury

     —          14,598,545         —           14,598,545   

Total Short Term Investments

     141,196,055        16,873,532         —           158,069,587   

Total Investments

   $ 791,449,979      $ 16,873,532       $ —         $ 808,323,511   
                                    
Futures Contracts           

Futures Contracts (Unrealized Depreciation)

   $ (143,293   $ —         $ —         $ (143,293

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-128


Table of Contents

Metropolitan Series Fund

 

MetLife Moderate Allocation Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  
   

Affiliated Investment Companies—100.0%

  

Baillie Gifford International Stock Portfolio,
(Class A) (a)

    17,273,329      $ 150,968,895   

BlackRock Bond Income Portfolio, (Class A) (a)

    3,530,814        402,300,959   

BlackRock High Yield Portfolio, (Class A) (b)

    5,905,806        50,848,986   

BlackRock Large Cap Value Portfolio,
(Class A) (a)

    20,726,904        199,807,350   

BlackRock Legacy Large Cap Growth Portfolio, (Class A) (a)

    3,553,477        102,340,139   

Clarion Global Real Estate Portfolio,
(Class A) (b)

    9,363,344        101,030,481   

Davis Venture Value Portfolio, (Class A) (a)

    7,777,794        255,111,654   

Goldman Sachs Mid Cap Value Portfolio,
(Class A) (b)

    3,753,726        50,825,454   

Harris Oakmark International Portfolio,
(Class A) (b)

    11,447,239        151,103,557   

Invesco Small Cap Growth Portfolio,
(Class A) (b)

    10,047,049        152,212,788   

Janus Forty Portfolio, (Class A) (b)

    1,299,085        101,315,672   

Jennison Growth Portfolio, (Class A) (a)

    12,914,258        153,421,388   

Legg Mason ClearBridge Aggressive Growth Portfolio, (Class A) (b)

    5,520,251        51,007,121   

Loomis Sayles Small Cap Growth Portfolio,
(Class A) (a) (c)

    4,532,966        51,267,847   

Lord Abbett Bond Debenture Portfolio,
(Class A) (b)

    3,889,623        50,992,956   

Met/Artisan Mid Cap Value Portfolio,
(Class A) (a)

    265,466        50,589,858   

Met/Dimensional International Small Company Portfolio, (Class A) (a)

    3,860,185        50,221,002   

Met/Eaton Vance Floating Rate Portfolio,
(Class A) (b)

    9,541,366        100,756,822   

Met/Franklin Low Duration Total Return Portfolio,
(Class A) (b)

    14,919,426        149,791,040   

Met/Templeton International Bond Portfolio,
(Class A) (b)

    13,370,088        153,087,512   

MFS Emerging Markets Equity Portfolio,
(Class A) (b)

    4,795,111        49,965,061   

MFS Research International Portfolio,
(Class A) (b)

    15,673,688        152,975,192   

MFS Value Portfolio, (Class A) (a)

    18,706,268        256,088,808   

Neuberger Berman Genesis Portfolio,
(Class A) (a)

    7,863,344        101,673,041   
   

Affiliated Investment Companies—(Continued)

  

PIMCO Inflation Protected Bond Portfolio, (Class A) (b)

    12,856,127      $ 150,930,929   

PIMCO Total Return Portfolio,
(Class A) (b)

    43,749,755        557,371,877   

Pioneer Fund Portfolio, (Class A) (b)

    3,523,715        51,129,111   

Rainier Large Cap Equity Portfolio,
(Class A) (b)

    11,591,444        102,120,626   

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

    5,729,257        102,381,817   

T. Rowe Price Large Cap Value Portfolio, (Class A) (b)

    8,565,013        204,703,807   

T. Rowe Price Mid Cap Growth Portfolio, (Class A) (b)

    5,351,508        50,143,633   

Third Avenue Small Cap Value Portfolio, (Class A) (b) (c)

    9,938,328        152,851,478   

Van Eck Global Natural Resources Portfolio, (Class A) (a)

    7,775,349        100,613,021   

Van Kampen Comstock Portfolio,
(Class A) (b)

    19,286,482        204,822,438   

Western Asset Management Strategic Bond Opportunities Portfolio,
(Class A) (a)

    3,690,697        50,710,174   

Western Asset Management U.S. Government Portfolio, (Class A) (a)

    20,194,601        249,403,321   
   

 

 

 

Total Mutual Funds
(Identified Cost $4,734,911,829)

      5,066,885,815   
   

 

 

 

Total Investments—100.0%
(Identified Cost $4,734,911,829) (d)

      5,066,885,815   

Liabilities in excess of other assets

      (2,263,059
   

 

 

 
Net Assets—100.0%     $ 5,064,622,756   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-Income Producing.
(d) As of September 30, 2012, the aggregate cost of investments was $4,734,911,829. The aggregate unrealized appreciation and depreciation of investments was $349,529,880 and $(17,555,894), respectively, resulting in net unrealized appreciation of $331,973,986.

 

MSF-129


Table of Contents

Metropolitan Series Fund

 

MetLife Moderate Allocation Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule to Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 5,066,885,815       $ —         $ —         $ 5,066,885,815   

Total Investments

   $ 5,066,885,815       $ —         $ —         $ 5,066,885,815   
                                     

 

MSF-130


Table of Contents

Metropolitan Series Fund

 

MetLife Moderate to Aggressive Allocation Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  
   

Affiliated Investment Companies—100.0%

  

Baillie Gifford International Stock Portfolio, (Class A) (a)

    13,146,165      $ 114,897,479   

BlackRock Bond Income Portfolio,
(Class A) (a)

    998,422        113,760,205   

BlackRock Large Cap Value Portfolio, (Class A) (a)

    11,833,939        114,079,169   

BlackRock Legacy Large Cap Growth Portfolio, (Class A) (a)

    3,041,928        87,607,539   

Clarion Global Real Estate Portfolio, (Class A) (b)

    8,002,131        86,342,991   

Davis Venture Value Portfolio, (Class A) (a)

    4,441,114        145,668,527   

Dreman Small Cap Value Portfolio, (Class A) (b)

    3,966,615        57,634,918   

Goldman Sachs Mid Cap Value Portfolio, (Class A) (b)

    4,288,361        58,064,404   

Harris Oakmark International Portfolio, (Class A) (b)

    8,678,716        114,559,052   

Invesco Small Cap Growth Portfolio, (Class A) (b)

    7,653,532        115,951,007   

Janus Forty Portfolio, (Class A) (b)

    1,111,071        86,652,456   

Jennison Growth Portfolio, (Class A) (a)

    9,828,134        116,758,228   

Legg Mason ClearBridge Aggressive Growth Portfolio, (Class A) (b)

    9,464,727        87,454,076   

Loomis Sayles Small Cap Growth Portfolio, (Class A) (a) (c)

    5,167,822        58,448,069   

Lord Abbett Bond Debenture Portfolio, (Class A) (b)

    4,417,867        57,918,239   

Met/Artisan Mid Cap Value Portfolio, (Class A) (a)

    151,592        28,888,920   

Met/Dimensional International Small Company Portfolio, (Class A) (a)

    4,415,305        57,443,120   

Met/Eaton Vance Floating Rate Portfolio, (Class A) (b)

    2,697,200        28,482,427   

Met/Templeton International Bond Portfolio, (Class A) (b)

    5,060,363        57,941,159   

MFS Emerging Markets Equity Portfolio, (Class A) (b)

    5,520,224        57,520,737   

MFS Research International Portfolio, (Class A) (b)

    11,899,949        116,143,504   
   

Affiliated Investment Companies—(Continued)

  

MFS Value Portfolio, (Class A) (a)

    12,804,974      $ 175,300,090   

Morgan Stanley Mid Cap Growth Portfolio, (Class A) (b) (c)

    2,387,706        27,745,148   

Neuberger Berman Genesis Portfolio, (Class A) (a)

    2,238,338        28,941,704   

PIMCO Inflation Protected Bond Portfolio, (Class A) (b)

    4,847,850        56,913,759   

PIMCO Total Return Portfolio, (Class A) (b)

    13,507,485        172,085,356   

Rainier Large Cap Equity Portfolio, (Class A) (b)

    9,938,402        87,557,318   

T. Rowe Price Large Cap Growth Portfolio, (Class A) (a)

    4,904,244        87,638,831   

T. Rowe Price Large Cap Value Portfolio, (Class A) (b)

    6,111,172        146,057,011   

T. Rowe Price Mid Cap Growth Portfolio, (Class A) (b)

    3,072,791        28,792,051   

Third Avenue Small Cap Value Portfolio, (Class A) (b) (c)

    3,786,413        58,235,030   

Van Eck Global Natural Resources Portfolio, (Class A) (a)

    6,652,855        86,087,944   

Van Kampen Comstock Portfolio, (Class A) (b)

    13,752,678        146,053,440   

Western Asset Management Strategic Bond Opportunities Portfolio, (Class A) (a)

    2,088,343        28,693,827   
   

 

 

 

Total Mutual Funds
(Identified Cost $2,619,484,823)

      2,892,317,735   
   

 

 

 

Total Investments—100.0%
(Identified Cost $2,619,484,823) (d)

      2,892,317,735   

Liabilities in excess of other assets

      (1,297,845
   

 

 

 
Net Assets—100.0%     $ 2,891,019,890   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-Income Producing.
(d) As of September 30, 2012, the aggregate cost of investments was $2,619,484,823. The aggregate unrealized appreciation and depreciation of investments was $283,663,513 and $(10,830,601), respectively, resulting in net unrealized appreciation of $272,832,912.

 

MSF-131


Table of Contents

Metropolitan Series Fund

 

MetLife Moderate to Aggressive Allocation Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule to Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 2,892,317,735       $ —         $ —         $ 2,892,317,735   

Total Investments

   $ 2,892,317,735       $ —         $ —         $ 2,892,317,735   
                                     

 

MSF-132


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—98.5% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—2.2%

   

General Dynamics Corp.

    138,515      $ 9,158,612   

Honeywell International, Inc.

    326,046        19,481,248   

L-3 Communications Holdings, Inc.

    40,331        2,892,136   

Lockheed Martin Corp.

    112,473        10,502,729   

Northrop Grumman Corp.

    103,260        6,859,562   

Precision Castparts Corp.

    60,713        9,916,861   

Raytheon Co.

    138,685        7,927,235   

Rockwell Collins, Inc.

    59,377        3,184,982   

Textron, Inc. (a)

    117,350        3,071,049   

The Boeing Co.

    282,626        19,676,422   

United Technologies Corp.

    350,388        27,431,877   
   

 

 

 
      120,102,713   
   

 

 

 

Air Freight & Logistics—0.7%

   

C. H. Robinson Worldwide, Inc.

    67,449        3,949,139   

Expeditors International of Washington, Inc.

    87,944        3,197,644   

FedEx Corp.

    121,977        10,321,694   

United Parcel Service, Inc. (Class B)

    300,258        21,489,465   
   

 

 

 
      38,957,942   
   

 

 

 

Airlines—0.0%

   

Southwest Airlines Co.

    310,383        2,722,059   
   

 

 

 

Auto Components—0.2%

   

BorgWarner, Inc. (a) (b)

    47,802        3,303,596   

Johnson Controls, Inc.

    285,671        7,827,385   

The Goodyear Tire & Rubber Co. (b)

    102,224        1,246,111   
   

 

 

 
      12,377,092   
   

 

 

 

Automobiles—0.4%

   

Ford Motor Co.

    1,593,115        15,708,114   

Harley-Davidson, Inc.

    95,194        4,033,370   
   

 

 

 
      19,741,484   
   

 

 

 

Beverages—2.4%

   

Beam, Inc.

    66,151        3,806,329   

Brown-Forman Corp. (Class B)

    63,259        4,127,650   

Coca-Cola Enterprises, Inc.

    115,633        3,615,844   

Constellation Brands, Inc. (b)

    61,484        1,989,007   

Dr. Pepper Snapple Group, Inc. (a)

    87,949        3,916,369   

Molson Coors Brewing Co.

    65,001        2,928,295   

Monster Beverage Corp. (b)

    64,115        3,472,468   

PepsiCo., Inc.

    650,061        46,004,817   

The Coca-Cola Co.

    1,617,203        61,340,510   
   

 

 

 
      131,201,289   
   

 

 

 

Biotechnology—1.6%

   

Alexion Pharmaceuticals, Inc. (b)

    80,642        9,225,445   

Amgen, Inc.

    321,953        27,147,077   

Biogen Idec, Inc. (b)

    98,723        14,732,433   

Celgene Corp. (b)

    180,207        13,767,815   

Gilead Sciences, Inc. (b)

    316,021        20,961,673   
   

 

 

 
      85,834,443   
   

 

 

 

Building Products—0.0%

   

Masco Corp.

    149,161        2,244,873   
   

 

 

 
   

Capital Markets—1.8%

   

Ameriprise Financial, Inc.

    88,022      $ 4,989,967   

BlackRock, Inc.

    53,444        9,529,065   

E*TRADE Financial Corp. (b)

    107,255        944,917   

Federated Investors, Inc. (Class B) (a)

    39,142        809,848   

Franklin Resources, Inc.

    57,723        7,219,416   

Invesco, Ltd.

    185,972        4,647,440   

Legg Mason, Inc. (a)

    50,208        1,239,133   

Morgan Stanley

    577,623        9,669,409   

Northern Trust Corp.

    91,423        4,243,399   

State Street Corp.

    200,124        8,397,203   

T. Rowe Price Group, Inc.

    106,027        6,711,509   

The Bank of New York Mellon Corp.

    493,432        11,161,432   

The Charles Schwab Corp.

    457,690        5,853,855   

The Goldman Sachs Group, Inc.

    188,239        21,399,009   
   

 

 

 
      96,815,602   
   

 

 

 

Chemicals—2.4%

   

Air Products & Chemicals, Inc.

    88,430        7,313,161   

Airgas, Inc.

    28,963        2,383,655   

CF Industries Holdings, Inc.

    26,189        5,820,243   

E. I. du Pont de Nemours & Co.

    388,620        19,535,927   

Eastman Chemical Co.

    63,874        3,641,457   

Ecolab, Inc.

    109,965        7,126,832   

FMC Corp.

    57,358        3,176,486   

International Flavors & Fragrances, Inc.

    34,033        2,027,686   

LyondellBasell Industries NV

    141,695        7,319,964   

Monsanto Co.

    222,615        20,262,417   

PPG Industries, Inc.

    63,779        7,324,380   

Praxair, Inc.

    124,548        12,938,046   

Sigma-Aldrich Corp. (a)

    50,442        3,630,311   

The Dow Chemical Co.

    500,453        14,493,119   

The Mosaic Co.

    115,518        6,654,992   

The Sherwin-Williams Co.

    35,582        5,298,516   
   

 

 

 
      128,947,192   
   

 

 

 

Commercial Banks—2.8%

   

BB&T Corp.

    292,028        9,683,648   

Comerica, Inc.

    80,823        2,509,554   

Fifth Third Bancorp

    383,833        5,953,250   

First Horizon National Corp. (a)

    103,928        1,000,827   

Huntington Bancshares, Inc.

    358,557        2,474,043   

KeyCorp

    394,087        3,444,320   

M&T Bank Corp. (a)

    50,272        4,783,884   

PNC Financial Services Group, Inc.

    221,135        13,953,619   

Regions Financial Corp.

    590,358        4,256,481   

SunTrust Banks, Inc.

    224,926        6,358,658   

U.S. Bancorp

    791,672        27,154,350   

Wells Fargo & Co.

    2,051,940        70,853,488   

Zions Bancorp

    76,919        1,588,762   
   

 

 

 
      154,014,884   
   

 

 

 

Commercial Services & Supplies—0.4%

   

Avery Dennison Corp. (a)

    42,381        1,348,563   

Cintas Corp.

    44,924        1,862,100   

Iron Mountain, Inc.

    63,090        2,152,000   

Pitney Bowes, Inc. (a)

    83,807        1,158,213   

R.R. Donnelley & Sons Co. (a)

    75,311        798,296   

Republic Services, Inc.

    125,113        3,441,859   

 

MSF-133


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Commercial Services & Supplies—(Continued)

  

Stericycle, Inc. (a) (b)

    35,777      $ 3,238,534   

Waste Management, Inc. (a)

    182,011        5,838,913   
   

 

 

 
      19,838,478   
   

 

 

 

Communications Equipment—1.9%

   

Cisco Systems, Inc.

    2,209,676        42,182,715   

F5 Networks, Inc. (b)

    33,010        3,456,147   

Harris Corp.

    47,301        2,422,757   

JDS Uniphase Corp. (b)

    96,872        1,199,760   

Juniper Networks, Inc. (b)

    219,957        3,763,464   

Motorola Solutions, Inc.

    119,591        6,045,325   

QUALCOMM, Inc.

    711,495        44,461,323   
   

 

 

 
      103,531,491   
   

 

 

 

Computers & Peripherals—5.9%

   

Apple, Inc. (c)

    391,558        261,270,991   

Dell, Inc. (b)

    608,621        6,001,003   

EMC Corp. (b)

    876,642        23,906,027   

Hewlett-Packard Co.

    821,272        14,010,900   

NetApp, Inc. (b)

    151,757        4,989,770   

SanDisk Corp. (b)

    100,894        4,381,827   

Seagate Technology plc

    147,686        4,578,266   

Western Digital Corp. (b)

    92,954        3,600,109   
   

 

 

 
      322,738,893   
   

 

 

 

Construction & Engineering—0.1%

   

Fluor Corp.

    69,743        3,925,136   

Jacobs Engineering Group, Inc. (b)

    54,193        2,191,023   

Quanta Services, Inc. (b)

    89,022        2,198,843   
   

 

 

 
      8,315,002   
   

 

 

 

Construction Materials—0.0%

   

Vulcan Materials Co. (a)

    54,048        2,556,470   
   

 

 

 

Consumer Finance—0.9%

   

American Express Co.

    411,970        23,424,614   

Capital One Financial Corp.

    242,685        13,835,472   

Discover Financial Services

    215,080        8,545,129   

SLM Corp.

    196,070        3,082,220   
   

 

 

 
      48,887,435   
   

 

 

 

Containers & Packaging—0.1%

   

Ball Corp.

    64,631        2,734,538   

Bemis Co., Inc.

    43,140        1,357,616   

Owens-Illinois, Inc. (b)

    68,949        1,293,483   

Sealed Air Corp.

    72,991        1,128,441   
   

 

 

 
      6,514,078   
   

 

 

 

Distributors—0.1%

   

Genuine Parts Co. (a)

    64,786        3,953,890   
   

 

 

 

Diversified Consumer Services—0.1%

   

Apollo Group, Inc. (Class A) (b)

    42,147        1,224,371   

H&R Block, Inc. (a)

    113,243        1,962,501   
   

 

 

 
      3,186,872   
   

 

 

 
   

Diversified Financial Services—3.0%

   

Bank of America Corp.

    4,501,568      $ 39,748,845   

Citigroup, Inc.

    1,224,908        40,078,990   

CME Group, Inc.

    127,781        7,321,851   

IntercontinentalExchange, Inc. (b)

    30,393        4,054,730   

JPMorgan Chase & Co.

    1,586,752        64,231,721   

Leucadia National Corp.

    82,752        1,882,608   

Moody’s Corp. (a)

    80,784        3,568,229   

NYSE Euronext

    102,755        2,532,911   

The NASDAQ OMX Group, Inc.

    49,494        1,152,963   
   

 

 

 
      164,572,848   
   

 

 

 

Diversified Telecommunication Services—2.9%

  

AT&T, Inc.

    2,409,731        90,846,859   

CenturyLink, Inc.

    260,083        10,507,353   

Frontier Communications Corp. (a)

    417,087        2,043,726   

Verizon Communications, Inc.

    1,189,985        54,227,616   

Windstream Corp. (a)

    245,607        2,483,087   
   

 

 

 
      160,108,641   
   

 

 

 

Electric Utilities—1.9%

   

American Electric Power Co., Inc.

    202,545        8,899,827   

Duke Energy Corp.

    294,115        19,058,652   

Edison International

    136,092        6,218,044   

Entergy Corp.

    74,067        5,132,843   

Exelon Corp.

    356,540        12,685,693   

FirstEnergy Corp.

    174,690        7,703,829   

NextEra Energy, Inc.

    176,587        12,419,364   

Northeast Utilities

    131,077        5,011,074   

Pepco Holdings, Inc. (a)

    95,606        1,806,953   

Pinnacle West Capital Corp.

    45,757        2,415,970   

PPL Corp.

    242,575        7,046,804   

Southern Co.

    365,405        16,841,516   
   

 

 

 
      105,240,569   
   

 

 

 

Electrical Equipment—0.5%

   

Cooper Industries plc

    66,780        5,012,507   

Emerson Electric Co.

    303,806        14,664,715   

Rockwell Automation, Inc.

    58,958        4,100,529   

Roper Industries, Inc.

    40,855        4,489,556   
   

 

 

 
      28,267,307   
   

 

 

 

Electronic Equipment, Instruments & Components—0.4%

  

Amphenol Corp. (Class A)

    67,245        3,959,385   

Corning, Inc.

    621,967        8,178,866   

FLIR Systems, Inc.

    63,094        1,260,303   

Jabil Circuit, Inc.

    78,105        1,462,126   

Molex, Inc. (a)

    57,514        1,511,468   

TE Connectivity, Ltd.

    178,697        6,077,485   
   

 

 

 
      22,449,633   
   

 

 

 

Energy Equipment & Services—1.9%

   

Baker Hughes, Inc.

    183,605        8,304,454   

Cameron International Corp. (b)

    102,871        5,767,977   

Diamond Offshore Drilling, Inc. (a)

    29,037        1,910,925   

Ensco plc (a)

    96,924        5,288,174   

FMC Technologies, Inc. (b)

    99,574        4,610,276   

Halliburton Co.

    387,524        13,055,684   

 

MSF-134


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Energy Equipment & Services—(Continued)

   

Helmerich & Payne, Inc.

    44,148      $ 2,101,886   

Nabors Industries, Ltd. (b)

    121,295        1,701,769   

National Oilwell Varco, Inc.

    178,118        14,269,033   

Noble Corp.

    105,513        3,775,255   

Rowan Cos., plc (b)

    51,877        1,751,886   

Schlumberger, Ltd.

    554,304        40,092,808   
   

 

 

 
      102,630,127   
   

 

 

 

Food & Staples Retailing—2.4%

   

Costco Wholesale Corp.

    180,592        18,081,774   

CVS Caremark Corp.

    531,417        25,731,211   

Safeway, Inc. (a)

    100,039        1,609,627   

Sysco Corp. (a)

    245,026        7,661,963   

The Kroger Co.

    227,514        5,355,680   

Wal-Mart Stores, Inc.

    702,043        51,810,773   

Walgreen Co.

    358,009        13,045,848   

Whole Foods Market, Inc.

    71,737        6,987,184   
   

 

 

 
      130,284,060   
   

 

 

 

Food Products—1.7%

   

Archer-Daniels-Midland Co.

    275,105        7,477,354   

Campbell Soup Co. (a)

    75,236        2,619,718   

ConAgra Foods, Inc.

    169,617        4,679,733   

Dean Foods Co. (b)

    77,208        1,262,351   

General Mills, Inc.

    270,790        10,790,981   

H.J. Heinz Co. (a)

    133,762        7,483,984   

Hormel Foods Corp. (a)

    56,000        1,637,440   

Kellogg Co.

    103,105        5,326,404   

McCormick & Co., Inc. (a)

    55,402        3,437,140   

Mead Johnson Nutrition Co.

    85,113        6,237,081   

Mondelez International, Inc.

    741,277        30,651,804   

The Hershey Co.

    63,344        4,490,456   

The J.M. Smucker Co.

    45,719        3,946,921   

Tyson Foods, Inc.

    120,946        1,937,555   
   

 

 

 
      91,978,922   
   

 

 

 

Gas Utilities—0.1%

   

AGL Resources, Inc.

    49,087        2,008,149   

Oneok, Inc.

    85,652        4,137,848   
   

 

 

 
      6,145,997   
   

 

 

 

Health Care Equipment & Supplies—1.7%

  

Baxter International, Inc.

    228,580        13,774,231   

Becton, Dickinson & Co. (a)

    83,355        6,548,369   

Boston Scientific Corp. (b)

    592,713        3,402,173   

C.R. Bard, Inc.

    32,565        3,407,927   

CareFusion Corp. (b)

    92,695        2,631,611   

Covidien plc

    200,538        11,915,968   

DENTSPLY International, Inc. (a)

    59,224        2,258,803   

Edwards Lifesciences Corp. (b)

    48,334        5,189,621   

Intuitive Surgical, Inc. (b)

    16,681        8,267,604   

Medtronic, Inc.

    426,115        18,374,079   

St. Jude Medical, Inc.

    131,146        5,525,181   

Stryker Corp.

    120,774        6,722,281   

Varian Medical Systems, Inc. (a) (b)

    46,246        2,789,559   

Zimmer Holdings, Inc.

    72,971        4,934,299   
   

 

 

 
      95,741,706   
   

 

 

 
   

Health Care Providers & Services—1.5%

   

Aetna, Inc.

    139,596      $ 5,528,002   

AmerisourceBergen Corp.

    105,109        4,068,769   

Cardinal Health, Inc.

    142,472        5,552,134   

CIGNA Corp.

    120,450        5,681,627   

Coventry Health Care, Inc.

    55,910        2,330,888   

DaVita, Inc. (b)

    35,563        3,684,682   

Humana, Inc.

    67,548        4,738,492   

Laboratory Corp. of America Holdings (b)

    40,058        3,704,163   

McKesson Corp.

    98,582        8,481,009   

Patterson Cos., Inc. (a)

    35,490        1,215,178   

Quest Diagnostics, Inc.

    66,311        4,206,107   

Tenet Healthcare Corp. (a) (b)

    174,074        1,091,444   

UnitedHealth Group, Inc.

    431,365        23,901,935   

WellPoint, Inc.

    135,832        7,879,614   
   

 

 

 
      82,064,044   
   

 

 

 

Health Care Technology—0.1%

   

Cerner Corp. (b)

    60,776        4,704,670   
   

 

 

 

Hotels, Restaurants & Leisure—1.8%

   

Carnival Corp.

    186,785        6,806,445   

Chipotle Mexican Grill, Inc. (b)

    13,234        4,202,324   

Darden Restaurants, Inc. (a)

    53,562        2,986,082   

International Game Technology

    111,568        1,460,425   

Marriott International, Inc. (a)

    105,161        4,111,795   

McDonald’s Corp.

    421,225        38,647,394   

Starbucks Corp.

    317,454        16,110,791   

Starwood Hotels & Resorts Worldwide, Inc.

    82,066        4,756,545   

Wyndham Worldwide Corp.

    59,392        3,116,892   

Wynn Resorts, Ltd.

    33,171        3,829,260   

Yum! Brands, Inc.

    190,410        12,631,800   
   

 

 

 
      98,659,753   
   

 

 

 

Household Durables—0.4%

   

D.R. Horton, Inc. (a)

    116,032        2,394,901   

Harman International Industries, Inc. (a)

    28,054        1,294,973   

Leggett & Platt, Inc. (a)

    58,727        1,471,111   

Lennar Corp. (Class A) (a)

    68,007        2,364,603   

Newell Rubbermaid, Inc.

    120,632        2,302,865   

Pulte Group, Inc. (a) (b)

    141,060        2,186,430   

Stanley Black & Decker, Inc.

    70,229        5,354,961   

Whirlpool Corp.

    32,391        2,685,538   
   

 

 

 
      20,055,382   
   

 

 

 

Household Products—2.2%

   

Clorox Co. (a)

    54,140        3,900,787   

Colgate-Palmolive Co.

    186,179        19,962,112   

Kimberly-Clark Corp.

    164,947        14,149,154   

The Procter & Gamble Co.

    1,150,470        79,796,599   
   

 

 

 
      117,808,652   
   

 

 

 

Independent Power Producers & Energy Traders—0.1%

  

NRG Energy, Inc.

    95,171        2,035,708   

The AES Corp.

    259,325        2,844,795   
   

 

 

 
      4,880,503   
   

 

 

 

 

MSF-135


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Industrial Conglomerates—2.7%

   

3M Co.

    265,665      $ 24,552,759   

Danaher Corp.

    243,980        13,455,497   

General Electric Co.

    4,410,465        100,161,660   

Tyco International, Ltd.

    192,091        10,807,040   
   

 

 

 
      148,976,956   
   

 

 

 

Insurance—3.7%

   

ACE, Ltd.

    141,640        10,707,984   

Aflac, Inc.

    195,599        9,365,280   

American International Group, Inc. (b)

    487,148        15,973,583   

Aon plc

    134,670        7,041,894   

Assurant, Inc.

    33,869        1,263,314   

Berkshire Hathaway, Inc. (Class B) (b)

    765,999        67,561,112   

Cincinnati Financial Corp. (a)

    61,097        2,314,965   

Genworth Financial, Inc. (b)

    205,355        1,074,007   

Hartford Financial Services Group, Inc.

    182,041        3,538,877   

Lincoln National Corp.

    116,611        2,820,820   

Loews Corp.

    130,541        5,386,122   

Marsh & McLennan Cos., Inc.

    227,312        7,712,696   

MetLife, Inc. (d)

    443,705        15,290,074   

Principal Financial Group, Inc.

    115,875        3,121,673   

Prudential Financial, Inc.

    194,650        10,610,371   

The Allstate Corp.

    202,555        8,023,204   

The Chubb Corp.

    111,046        8,470,589   

The Progressive Corp.

    234,091        4,855,047   

The Travelers Cos., Inc.

    160,965        10,987,471   

Torchmark Corp.

    39,848        2,046,195   

Unum Group

    117,015        2,249,028   

XL Group plc

    127,694        3,068,487   
   

 

 

 
      203,482,793   
   

 

 

 

Internet & Catalog Retail—1.0%

   

Amazon.com, Inc. (b)

    151,064        38,418,596   

Expedia, Inc.

    39,123        2,262,874   

Netflix, Inc. (a) (b)

    23,197        1,262,845   

priceline.com, Inc. (b)

    20,813        12,877,628   

TripAdvisor, Inc. (b)

    45,778        1,507,470   
   

 

 

 
      56,329,413   
   

 

 

 

Internet Software & Services—2.2%

   

Akamai Technologies, Inc. (b)

    74,061        2,833,574   

eBay, Inc. (b)

    484,454        23,452,418   

Google, Inc. (Class A) (b)

    110,649        83,484,670   

VeriSign, Inc. (b)

    65,326        3,180,723   

Yahoo!, Inc. (b)

    435,440        6,956,154   
   

 

 

 
      119,907,539   
   

 

 

 

IT Services—3.8%

   

Accenture plc

    265,159        18,569,085   

Automatic Data Processing, Inc.

    202,379        11,871,552   

Cognizant Technology Solutions Corp. (Class A) (b)

    124,712        8,719,863   

Computer Sciences Corp.

    64,882        2,089,849   

Fidelity National Information Services, Inc.

    104,601        3,265,643   

Fiserv, Inc. (b)

    56,670        4,195,280   

International Business Machines Corp.

    448,701        93,083,023   

MasterCard, Inc.

    44,831        20,240,300   
   

IT Services—(Continued)

   

Paychex, Inc.

    134,857      $ 4,489,390   

SAIC, Inc. (b)

    118,510        1,426,860   

Teradata Corp. (b)

    70,425        5,310,749   

The Western Union Co.

    251,621        4,584,535   

Total System Services, Inc.

    67,559        1,601,148   

Visa, Inc. (Class A)

    218,323        29,316,412   
   

 

 

 
      208,763,689   
   

 

 

 

Leisure Equipment & Products—0.1%

   

Hasbro, Inc. (a)

    48,413        1,847,924   

Mattel, Inc.

    142,407        5,052,601   
   

 

 

 
      6,900,525   
   

 

 

 

Life Sciences Tools & Services—0.4%

   

Agilent Technologies, Inc.

    145,545        5,596,205   

Life Technologies Corp. (b)

    73,221        3,579,043   

PerkinElmer, Inc.

    47,647        1,404,157   

Thermo Fisher Scientific, Inc.

    152,692        8,982,870   

Waters Corp. (b)

    36,624        3,051,878   
   

 

 

 
      22,614,153   
   

 

 

 

Machinery—1.8%

   

Caterpillar, Inc.

    272,873        23,477,993   

Cummins, Inc.

    73,968        6,820,589   

Deere & Co.

    163,601        13,495,446   

Dover Corp.

    76,359        4,542,597   

Eaton Corp. (a)

    141,016        6,664,416   

Flowserve Corp.

    21,357        2,728,143   

Illinois Tool Works, Inc. (a)

    180,161        10,714,175   

Ingersoll-Rand plc

    119,745        5,366,971   

Joy Global, Inc.

    44,226        2,479,310   

PACCAR, Inc.

    147,660        5,910,092   

Pall Corp.

    48,538        3,081,678   

Parker Hannifin Corp.

    62,423        5,217,314   

Pentair, Inc.

    41,438        1,844,405   

Snap-On, Inc.

    24,294        1,746,010   

Xylem, Inc.

    77,523        1,949,703   
   

 

 

 
      96,038,842   
   

 

 

 

Media—3.5%

   

Cablevision Systems Corp. (Class A) (a)

    90,133        1,428,608   

CBS Corp. (Class B)

    248,629        9,032,691   

Comcast Corp. (Class A)

    1,117,701        39,980,165   

DIRECTV (b)

    262,256        13,757,950   

Discovery Communications, Inc. (b)

    103,235        6,155,903   

Gannett Co., Inc. (a)

    96,665        1,715,804   

News Corp. (Class A)

    850,406        20,860,459   

Omnicom Group, Inc. (a)

    110,949        5,720,530   

Scripps Networks Interactive, Inc.

    36,096        2,210,158   

The Interpublic Group of Cos., Inc.

    182,589        2,030,390   

The McGraw-Hill Cos., Inc.

    117,040        6,389,213   

The Walt Disney Co.

    749,474        39,182,501   

The Washington Post Co. (Class B) (a)

    1,897        688,668   

Time Warner Cable, Inc.

    127,970        12,164,828   

Time Warner, Inc.

    396,369        17,967,407   

Viacom, Inc. (Class B)

    197,749        10,597,369   
   

 

 

 
      189,882,644   
   

 

 

 

 

MSF-136


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Metals & Mining—0.8%

   

Alcoa, Inc.

    445,644      $ 3,943,949   

Allegheny Technologies, Inc.

    44,766        1,428,035   

Cliffs Natural Resources, Inc. (a)

    59,520        2,329,018   

Freeport-McMoRan Copper & Gold, Inc.

    396,504        15,693,628   

Newmont Mining Corp.

    207,249        11,608,016   

Nucor Corp.

    132,603        5,073,391   

Titanium Metals Corp. (b)

    30,712        394,035   

United States Steel Corp. (a)

    60,265        1,149,254   
   

 

 

 
      41,619,326   
   

 

 

 

Multi-Utilities—1.3%

   

Ameren Corp.

    101,349        3,311,072   

CenterPoint Energy, Inc.

    178,520        3,802,476   

CMS Energy Corp.

    110,685        2,606,632   

Consolidated Edison, Inc.

    122,342        7,327,062   

Dominion Resources, Inc.

    239,491        12,678,654   

DTE Energy Co.

    71,743        4,300,275   

Integrys Energy Group, Inc. (a)

    32,544        1,698,797   

NiSource, Inc.

    119,006        3,032,273   

PG&E Corp.

    178,135        7,601,020   

Public Service Enterprise Group, Inc.

    211,330        6,800,599   

SCANA Corp. (a)

    54,844        2,647,320   

Sempra Energy

    93,892        6,055,095   

TECO Energy, Inc. (a)

    85,039        1,508,592   

Wisconsin Energy Corp.

    96,258        3,626,039   

Xcel Energy, Inc.

    203,652        5,643,197   
   

 

 

 
      72,639,103   
   

 

 

 

Multiline Retail—0.8%

   

Big Lots, Inc. (b)

    24,880        735,950   

Dollar Tree, Inc. (b)

    96,207        4,644,393   

Family Dollar Stores, Inc.

    40,515        2,686,144   

J.C. Penney Co., Inc. (a)

    59,482        1,444,818   

Kohl’s Corp. (a)

    90,118        4,615,844   

Macy’s, Inc.

    168,134        6,325,201   

Nordstrom, Inc.

    63,807        3,520,870   

Target Corp.

    273,548        17,362,092   
   

 

 

 
      41,335,312   
   

 

 

 

Office Electronics—0.1%

   

Xerox Corp.

    546,023        4,007,809   
   

 

 

 

Oil, Gas & Consumable Fuels—9.2%

   

Alpha Natural Resources, Inc. (a) (b)

    92,042        604,716   

Anadarko Petroleum Corp.

    208,718        14,593,562   

Apache Corp.

    163,412        14,130,236   

Cabot Oil & Gas Corp.

    87,713        3,938,314   

Chesapeake Energy Corp. (a)

    216,794        4,090,903   

Chevron Corp.

    819,593        95,531,760   

ConocoPhillips

    507,321        29,008,615   

Consol Energy, Inc. (a)

    95,081        2,857,184   

Denbury Resources, Inc. (b)

    163,404        2,640,609   

Devon Energy Corp.

    157,134        9,506,607   

EOG Resources, Inc.

    112,790        12,638,119   

EQT Corp.

    62,486        3,686,674   

Exxon Mobil Corp.

    1,928,094        176,324,196   

Hess Corp.

    124,106        6,666,974   

Kinder Morgan (Delaware), Inc.

    238,283        8,463,812   
   

Oil, Gas & Consumable Fuels—(Continued)

  

Marathon Oil Corp.

    294,480      $ 8,707,773   

Marathon Petroleum Corp.

    141,308        7,714,004   

Murphy Oil Corp.

    77,085        4,138,694   

Newfield Exploration Co. (b)

    56,382        1,765,884   

Noble Energy, Inc.

    74,280        6,886,499   

Occidental Petroleum Corp.

    338,318        29,115,647   

Peabody Energy Corp.

    112,083        2,498,330   

Phillips 66

    261,868        12,142,819   

Pioneer Natural Resources Co. (a)

    51,393        5,365,429   

QEP Resources, Inc.

    74,254        2,350,882   

Range Resources Corp.

    67,871        4,742,147   

Southwestern Energy Co. (b)

    145,432        5,058,125   

Spectra Energy Corp.

    272,706        8,006,648   

Sunoco, Inc. (a)

    43,747        2,048,672   

Tesoro Corp. (b)

    58,393        2,446,667   

The Williams Cos., Inc.

    261,677        9,150,845   

Valero Energy Corp.

    230,407        7,299,294   

WPX Energy, Inc. (a) (b)

    83,138        1,379,259   
   

 

 

 
      505,499,899   
   

 

 

 

Paper & Forest Products—0.2%

   

International Paper Co.

    182,675        6,634,756   

MeadWestvaco Corp.

    72,517        2,219,020   
   

 

 

 
      8,853,776   
   

 

 

 

Personal Products—0.2%

   

Avon Products, Inc.

    180,476        2,878,592   

The Estee Lauder Cos., Inc.

    100,276        6,173,994   
   

 

 

 
      9,052,586   
   

 

 

 

Pharmaceuticals—6.5%

   

Abbott Laboratories

    655,516        44,942,177   

Allergan, Inc.

    128,459        11,764,275   

Bristol-Myers Squibb Co.

    701,333        23,669,989   

Eli Lilly & Co.

    426,548        20,222,641   

Express Scripts Holding Co. (b)

    338,653        21,223,383   

Forest Laboratories, Inc. (b)

    97,663        3,477,779   

Hospira, Inc. (b)

    68,967        2,263,497   

Johnson & Johnson (a)

    1,151,625        79,358,479   

Merck & Co., Inc.

    1,272,171        57,374,912   

Mylan, Inc. (b)

    169,540        4,136,776   

Perrigo Co. (a)

    36,714        4,265,065   

Pfizer, Inc.

    3,120,029        77,532,721   

Watson Pharmaceuticals, Inc. (b)

    53,318        4,540,561   
   

 

 

 
      354,772,255   
   

 

 

 

Professional Services—0.1%

   

Equifax, Inc.

    50,067        2,332,121   

Robert Half International, Inc. (a)

    59,231        1,577,322   

The Dun & Bradstreet Corp.

    18,747        1,492,636   
   

 

 

 
      5,402,079   
   

 

 

 

Real Estate Investment Trusts—2.0%

   

American Tower Corp.

    165,059        11,783,562   

Apartment Investment & Management Co.

    60,794        1,580,036   

AvalonBay Communities, Inc. (a)

    40,480        5,504,875   

Boston Properties, Inc.

    62,974        6,965,554   

 

MSF-137


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Real Estate Investment Trusts—(Continued)

  

Equity Residential

    125,735      $ 7,233,535   

HCP, Inc.

    179,413        7,980,290   

Health Care REIT, Inc.

    106,219        6,134,147   

Host Hotels & Resorts, Inc.

    301,826        4,844,307   

Kimco Realty Corp. (a)

    169,986        3,445,616   

Plum Creek Timber Co., Inc. (a)

    67,468        2,957,797   

ProLogis, Inc.

    192,426        6,740,683   

Public Storage

    60,197        8,377,616   

Simon Property Group, Inc.

    126,702        19,234,631   

Ventas, Inc.

    123,379        7,680,343   

Vornado Realty Trust

    70,630        5,724,562   

Weyerhaeuser Co.

    224,627        5,871,750   
   

 

 

 
      112,059,304   
   

 

 

 

Real Estate Management & Development—0.0%

  

CBRE Group, Inc. (b)

    126,130        2,322,053   
   

 

 

 

Road & Rail—0.8%

   

CSX Corp.

    434,406        9,013,924   

Norfolk Southern Corp.

    133,463        8,492,251   

Ryder System, Inc.

    21,354        834,087   

Union Pacific Corp.

    197,828        23,482,184   
   

 

 

 
      41,822,446   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.0%

  

Advanced Micro Devices, Inc. (a) (b)

    251,215        846,595   

Altera Corp.

    133,631        4,541,449   

Analog Devices, Inc.

    124,854        4,893,028   

Applied Materials, Inc.

    516,905        5,771,244   

Broadcom Corp.

    214,816        7,428,337   

First Solar, Inc. (a) (b)

    25,066        555,087   

Intel Corp.

    2,089,770        47,395,984   

KLA-Tencor Corp.

    69,554        3,318,074   

Lam Research Corp. (b)

    76,149        2,420,396   

Linear Technology Corp.

    96,184        3,063,460   

LSI Corp. (b)

    232,895        1,609,304   

Microchip Technology, Inc.

    80,905        2,648,830   

Micron Technology, Inc. (b)

    425,027        2,543,787   

NVIDIA Corp. (b)

    258,757        3,451,818   

Teradyne, Inc. (a) (b)

    78,357        1,114,236   

Texas Instruments, Inc.

    475,245        13,093,000   

Xilinx, Inc.

    109,509        3,658,696   
   

 

 

 
      108,353,325   
   

 

 

 

Software—3.5%

   

Adobe Systems, Inc. (b)

    205,411        6,667,641   

Autodesk, Inc. (b)

    94,776        3,162,675   

BMC Software, Inc. (b)

    61,280        2,542,507   

CA, Inc.

    143,021        3,684,936   

Citrix Systems, Inc. (b)

    78,096        5,979,811   

Electronic Arts, Inc. (b)

    132,994        1,687,694   

Intuit, Inc.

    115,306        6,789,217   

Microsoft Corp.

    3,151,596        93,854,529   

Oracle Corp.

    1,590,762        50,093,096   

Red Hat, Inc. (b)

    80,628        4,590,958   

Salesforce.com, Inc. (b)

    53,416        8,156,089   

Symantec Corp. (b)

    293,624        5,285,232   
   

 

 

 
      192,494,385   
   

 

 

 
   

Specialty Retail—2.1%

   

Abercrombie & Fitch Co. (Class A) (a)

    34,491      $ 1,169,935   

AutoNation, Inc. (a) (b)

    16,133        704,528   

AutoZone, Inc. (b)

    15,637        5,780,530   

Bed Bath & Beyond, Inc. (b)

    96,971        6,109,173   

Best Buy Co., Inc. (a)

    111,095        1,909,723   

CarMax, Inc. (b)

    95,382        2,699,311   

GameStop Corp. (a)

    51,556        1,082,676   

Limited Brands, Inc.

    99,645        4,908,513   

Lowe’s Cos., Inc.

    476,417        14,406,850   

O’Reilly Automotive, Inc. (a) (b)

    49,660        4,152,569   

Ross Stores, Inc.

    93,535        6,042,361   

Staples, Inc. (a)

    285,030        3,283,545   

The Gap, Inc.

    124,550        4,456,399   

The Home Depot, Inc.

    629,664        38,012,816   

Tiffany & Co.

    49,723        3,076,859   

TJX Cos., Inc.

    307,471        13,771,626   

Urban Outfitters, Inc. (b)

    45,591        1,712,398   
   

 

 

 
      113,279,812   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.6%

   

Coach, Inc.

    119,123        6,673,270   

Fossil, Inc. (a) (b)

    22,873        1,937,343   

Nike, Inc.

    153,564        14,574,759   

Ralph Lauren Corp.

    25,511        3,858,029   

VF Corp.

    36,724        5,852,337   
   

 

 

 
      32,895,738   
   

 

 

 

Thrifts & Mortgage Finance—0.1%

   

Hudson City Bancorp, Inc.

    198,542        1,580,394   

People’s United Financial, Inc. (a)

    146,722        1,781,205   
   

 

 

 
      3,361,599   
   

 

 

 

Tobacco—1.9%

   

Altria Group, Inc.

    849,121        28,352,150   

Lorillard, Inc.

    54,558        6,353,279   

Philip Morris International, Inc.

    704,132        63,329,632   

Reynolds American, Inc. (a)

    136,990        5,937,147   
   

 

 

 
      103,972,208   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Fastenal Co. (a)

    112,571        4,839,427   

W.W. Grainger, Inc. (a)

    25,036        5,216,752   
   

 

 

 
      10,056,179   
   

 

 

 

Wireless Telecommunication Services—0.3%

  

Crown Castle International Corp. (b)

    122,403        7,846,032   

MetroPCS Communications, Inc. (b)

    132,069        1,546,528   

Sprint Nextel Corp. (b)

    1,253,268        6,918,040   
   

 

 

 
      16,310,600   
   

 

 

 

Total Common Stock
(Identified Cost $4,231,118,170)

      5,381,081,344   
   

 

 

 

 

MSF-138


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mutual Funds—0.9%

 

Security Description   Shares/Par
Amount
    Value  
   

Exchange Traded Funds—0.9%

   

SPDR S&P 500 ETF Trust

    349,200      $ 50,260,356   
   

 

 

 

Total Mutual Funds
(Identified Cost $50,939,550)

      50,260,356   
   

 

 

 
Short Term Investments—5.4%   

Mutual Funds—5.0%

   

State Street Navigator Securities Lending Prime Portfolio (e)

    272,467,483        272,467,483   
   

 

 

 

U.S. Treasury—0.4%

   

U.S. Treasury Bills
0.055%, 10/18/12 (a)

  $ 300,000        299,988   

0.070%, 12/06/12

    1,900,000        1,899,662   

0.078%, 12/13/12 (a)

    5,100,000        5,099,017   

0.078%, 12/20/12 (a)

    17,100,000        17,096,313   
   

 

 

 
      24,394,980   
   

 

 

 

Total Short Term Investments
(Identified Cost $296,862,463)

      296,862,463   
   

 

 

 

Total Investments—104.8%
(Identified Cost $4,578,920,183) (f)

      5,728,204,163   

Liabilities in excess of other assets

      (263,992,800
   

 

 

 
Net Assets—100.0%     $ 5,464,211,363   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $267,042,320 and the collateral received consisted of cash in the amount of $272,467,483 and non-cash collateral with a value of $1,534,965.The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-Income Producing.
(c) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2012, the market value of securities pledged was $46,708,200.
(d) Affiliated Issuer. See below.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of September 30, 2012, the aggregate cost of investments was $4,578,920,183. The aggregate unrealized appreciation and depreciation of investments was $1,532,994,724 and $(383,710,744), respectively, resulting in net unrealized appreciation of $1,149,283,980.

 

Transactions in Affiliated Issuers   

Security Description

   Shares Held at
December 31, 2011
     Shares
Purchased
     Shares
Sold
     Shares Held at
September 30, 2012
     Realized Gain on
Shares Sold
     Income For
Period Ended
September 30, 2012
 

MetLife, Inc.

     444,515         26,469         27,279         443,705       $ 38,341       $ 0   

 

Futures Contracts   

Futures Contracts–Long

   Exchange      Expiration
Date
     Number of
Contracts
     Contract
Amount
     Valuation as of
September 30, 2012
     Unrealized
Appreciation
 

S&P 500 Index Futures

     CME Index & Options Market         12/20/12         80       $ 28,388,400       $ 28,684,000       $ 295,600   
                 

 

 

 

 

MSF-139


Table of Contents

Metropolitan Series Fund

 

MetLife Stock Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 5,381,081,344       $ —         $ —         $ 5,381,081,344   

Total Mutual Funds*

     50,260,356         —           —           50,260,356   
Short Term Investments            

Mutual Funds

     272,467,483         —           —           272,467,483   

U.S. Treasury

     —           24,394,980         —           24,394,980   

Total Short Term Investments

     272,467,483         24,394,980         —           296,862,463   

Total Investments

   $ 5,703,809,183       $ 24,394,980       $ —         $ 5,728,204,163   
                                     
Futures Contracts            

Futures Contracts (Unrealized Appreciation)

   $ 295,600       $ —         $ —         $ 295,600   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-140


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—60.2% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—4.3%

   

Honeywell International, Inc.

    172,420      $ 10,302,095   

Lockheed Martin Corp.

    171,129        15,980,026   

Northrop Grumman Corp.

    50,996        3,387,664   

Precision Castparts Corp.

    14,700        2,401,098   

United Technologies Corp.

    154,700        12,111,463   
   

 

 

 
      44,182,346   
   

 

 

 

Air Freight & Logistics—0.6%

   

United Parcel Service, Inc. (Class B)

    92,690        6,633,823   
   

 

 

 

Auto Components—0.9%

   

Delphi Automotive plc (a)

    109,050        3,380,550   

Johnson Controls, Inc.

    218,860        5,996,764   
   

 

 

 
      9,377,314   
   

 

 

 

Automobiles—0.1%

   

General Motors Co. (a)

    50,060        1,138,865   
   

 

 

 

Beverages—1.4%

   

Coca-Cola Enterprises, Inc.

    16,160        505,323   

Diageo plc (GBP)

    321,559        9,053,970   

Dr. Pepper Snapple Group, Inc.

    10,970        488,494   

PepsiCo., Inc.

    65,725        4,651,359   
   

 

 

 
      14,699,146   
   

 

 

 

Capital Markets—3.7%

   

BlackRock, Inc.

    31,622        5,638,202   

Franklin Resources, Inc.

    38,060        4,760,164   

State Street Corp.

    131,380        5,512,705   

The Bank of New York Mellon Corp.

    468,900        10,606,518   

The Goldman Sachs Group, Inc.

    100,260        11,397,557   
   

 

 

 
      37,915,146   
   

 

 

 

Chemicals—1.7%

   

Air Products & Chemicals, Inc.

    69,904        5,781,061   

Celanese Corp. (Series A)

    45,740        1,734,003   

E. I. du Pont de Nemours & Co.

    31,040        1,560,381   

PPG Industries, Inc.

    73,680        8,461,411   
   

 

 

 
      17,536,856   
   

 

 

 

Commercial Banks—1.9%

   

PNC Financial Services Group, Inc.

    71,380        4,504,078   

SunTrust Banks, Inc.

    68,720        1,942,715   

Wells Fargo & Co.

    341,610        11,795,793   

Zions Bancorp (b)

    71,840        1,483,855   
   

 

 

 
      19,726,441   
   

 

 

 

Commercial Services & Supplies—0.4%

   

The ADT Corp. (a)

    13,200        475,200   

Tyco International, Ltd.

    136,500        3,740,100   
   

 

 

 
      4,215,300   
   

 

 

 

Communications Equipment—0.1%

   

Cisco Systems, Inc.

    41,600        794,144   
   

 

 

 
   

Computers & Peripherals—0.2%

   

Hewlett-Packard Co.

    137,160      $ 2,339,950   
   

 

 

 

Construction & Engineering—0.2%

   

Fluor Corp.

    33,880        1,906,766   
   

 

 

 

Consumer Finance—0.2%

   

American Express Co.

    28,430        1,616,530   
   

 

 

 

Diversified Financial Services—2.6%

   

Bank of America Corp.

    346,290        3,057,740   

JPMorgan Chase & Co.

    549,410        22,240,117   

Moody’s Corp. (b)

    35,640        1,574,219   
   

 

 

 
      26,872,076   
   

 

 

 

Diversified Telecommunication Services—1.4%

  

AT&T, Inc.

    348,284        13,130,307   

CenturyLink, Inc.

    44,734        1,807,253   
   

 

 

 
      14,937,560   
   

 

 

 

Electric Utilities—0.3%

   

PPL Corp.

    118,526        3,443,180   
   

 

 

 

Energy Equipment & Services—0.4%

   

Schlumberger, Ltd.

    18,970        1,372,100   

Transocean, Ltd.

    63,730        2,860,840   
   

 

 

 
      4,232,940   
   

 

 

 

Food & Staples Retailing—1.2%

   

CVS Caremark Corp.

    163,663        7,924,562   

The Kroger Co.

    68,780        1,619,081   

Walgreen Co.

    70,540        2,570,478   
   

 

 

 
      12,114,121   
   

 

 

 

Food Products—2.4%

   

Danone (EUR)

    83,992        5,179,335   

General Mills, Inc.

    175,070        6,976,539   

Kellogg Co.

    27,310        1,410,835   

Mondelez International, Inc.

    39,120        1,617,612   

Nestle S.A. (CHF)

    134,288        8,471,040   

The J.M. Smucker Co.

    10,250        884,883   
   

 

 

 
      24,540,244   
   

 

 

 

Health Care Equipment & Supplies—1.5%

  

Becton, Dickinson & Co. (b)

    44,160        3,469,210   

Covidien plc

    66,090        3,927,068   

Medtronic, Inc.

    84,910        3,661,319   

St. Jude Medical, Inc.

    116,130        4,892,557   
   

 

 

 
      15,950,154   
   

 

 

 

Health Care Providers & Services—0.5%

   

Aetna, Inc.

    34,850        1,380,060   

AmerisourceBergen Corp.

    45,070        1,744,660   

Quest Diagnostics, Inc.

    27,830        1,765,257   
   

 

 

 
      4,889,977   
   

 

 

 

 

MSF-141


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—0.2%

   

McDonald’s Corp.

    27,440      $ 2,517,620   
   

 

 

 

Household Durables—0.5%

   

Stanley Black & Decker, Inc.

    68,795        5,245,619   
   

 

 

 

Household Products—0.6%

   

Reckitt Benckiser Group plc (GBP)

    29,374        1,692,413   

The Procter & Gamble Co.

    68,712        4,765,864   
   

 

 

 
      6,458,277   
   

 

 

 

Independent Power Producers & Energy Traders—0.1%

  

NRG Energy, Inc. (b)

    63,500        1,358,265   
   

 

 

 

Industrial Conglomerates—2.1%

   

3M Co.

    110,990        10,257,696   

Danaher Corp.

    203,560        11,226,334   
   

 

 

 
      21,484,030   
   

 

 

 

Insurance—4.1%

   

ACE, Ltd.

    119,750        9,053,100   

Aon plc

    106,480        5,567,839   

Prudential Financial, Inc.

    177,520        9,676,615   

The Chubb Corp.

    60,520        4,616,466   

The Travelers Cos., Inc.

    191,210        13,051,995   
   

 

 

 
      41,966,015   
   

 

 

 

IT Services—2.7%

   

Accenture plc

    102,479        7,176,604   

Fiserv, Inc. (a)

    21,000        1,554,630   

International Business Machines Corp.

    41,030        8,511,674   

MasterCard, Inc.

    3,585        1,618,556   

The Western Union Co.

    268,750        4,896,625   

Visa, Inc. (Class A)

    27,540        3,698,071   
   

 

 

 
      27,456,160   
   

 

 

 

Leisure Equipment & Products—0.4%

   

Hasbro, Inc. (b)

    106,630        4,070,067   
   

 

 

 

Life Sciences Tools & Services—0.6%

   

Thermo Fisher Scientific, Inc.

    109,710        6,454,239   
   

 

 

 

Machinery—0.6%

   

Eaton Corp. (b)

    98,870        4,672,596   

Pentair, Ltd.

    25,813        1,142,229   
   

 

 

 
      5,814,825   
   

 

 

 

Media—3.4%

   

Comcast Corp. (Class A)

    235,360        8,190,528   

Omnicom Group, Inc. (b)

    123,690        6,377,456   

The McGraw-Hill Cos., Inc.

    22,550        1,231,005   

The Walt Disney Co.

    205,070        10,721,060   

Viacom, Inc. (Class B)

    160,580        8,605,482   
   

 

 

 
      35,125,531   
   

 

 

 

Metals & Mining—0.1%

   

Cliffs Natural Resources, Inc. (b)

    15,780        617,471   
   

 

 

 

Multi-Utilities—0.6%

   

PG&E Corp.

    72,170      $ 3,079,494   

Public Service Enterprise Group, Inc.

    83,930        2,700,867   
   

 

 

 
      5,780,361   
   

 

 

 

Multiline Retail—1.2%

   

Kohl’s Corp. (b)

    79,730        4,083,771   

Target Corp.

    132,090        8,383,752   
   

 

 

 
      12,467,523   
   

 

 

 

Oil, Gas & Consumable Fuels—6.0%

   

Anadarko Petroleum Corp.

    59,940        4,191,005   

Apache Corp.

    77,740        6,722,178   

Chevron Corp.

    108,636        12,662,612   

EOG Resources, Inc.

    18,350        2,056,117   

EQT Corp.

    34,860        2,056,740   

Exxon Mobil Corp.

    195,394        17,868,781   

Noble Energy, Inc.

    47,960        4,446,372   

Occidental Petroleum Corp.

    102,480        8,819,429   

The Williams Cos., Inc.

    103,980        3,636,181   
   

 

 

 
      62,459,415   
   

 

 

 

Pharmaceuticals—4.6%

   

Abbott Laboratories

    143,328        9,826,568   

Bayer AG (EUR)

    20,391        1,754,481   

Johnson & Johnson (b)

    197,588        13,615,789   

Merck & Co., Inc.

    70,783        3,192,313   

Pfizer, Inc.

    705,923        17,542,187   

Roche Holding AG (CHF)

    9,008        1,682,743   
   

 

 

 
      47,614,081   
   

 

 

 

Professional Services—0.2%

   

The Dun & Bradstreet Corp.

    19,180        1,527,112   
   

 

 

 

Road & Rail—0.3%

   

Canadian National Railway Co.

    16,980        1,498,145   

Union Pacific Corp.

    11,500        1,365,050   
   

 

 

 
      2,863,195   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.4%

  

 

Intel Corp.

    108,980        2,471,666   

Microchip Technology, Inc. (b)

    45,550        1,491,307   
   

 

 

 
      3,962,973   
   

 

 

 

Software—1.3%

   

Check Point Software Technologies, Ltd. (a)

    34,220        1,648,035   

Microsoft Corp.

    58,010        1,727,538   

Oracle Corp.

    307,370        9,679,081   
   

 

 

 
      13,054,654   
   

 

 

 

Specialty Retail—0.5%

   

Advance Auto Parts, Inc.

    45,070        3,084,591   

Staples, Inc. (b)

    185,370        2,135,462   
   

 

 

 
      5,220,053   
   

 

 

 

Tobacco—2.8%

  

Altria Group, Inc.

    53,116        1,773,543   

 

MSF-142


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares/Par
Amount
    Value  

Tobacco—(Continued)

   

Lorillard, Inc.

    45,280      $ 5,272,856   

Philip Morris International, Inc.

    244,420        21,983,135   
   

 

 

 
      29,029,534   
   

 

 

 

Wireless Telecommunication Services—0.9%

  

 

Vodafone Group plc (GBP)

    3,372,428        9,598,136   
   

 

 

 

Total Common Stock
(Identified Cost $488,776,988)

      621,208,035   
   

 

 

 
U.S. Treasury & Government Agencies—25.7%   

Agency Sponsored Mortgage-Backed—12.4%

  

Fannie Mae 15 Yr.
2.500%, TBA

  $ 682,000        715,248   

Fannie Mae 15 Yr. Pool
3.000%, 02/01/27

    1,215,514        1,291,511   

3.000%, 03/01/27

    248,259        263,780   

4.500%, 04/01/18

    95,950        103,813   

4.500%, 06/01/18

    234,193        253,383   

4.500%, 07/01/18

    178,798        193,449   

4.500%, 03/01/19

    216,667        234,489   

4.500%, 06/01/19

    187,024        202,407   

4.500%, 04/01/20

    168,403        182,255   

4.500%, 07/01/20

    87,935        95,168   

5.000%, 11/01/17

    178,843        195,010   

5.000%, 02/01/18

    526,339        573,921   

5.000%, 12/01/18

    601,579        655,962   

5.000%, 07/01/19

    372,587        408,248   

5.000%, 07/01/20

    208,218        228,147   

5.000%, 08/01/20

    100,813        110,462   

5.000%, 12/01/20

    397,679        433,630   

5.500%, 11/01/17

    286,747        309,414   

5.500%, 12/01/17

    55,748        60,384   

5.500%, 01/01/18

    248,977        270,824   

5.500%, 02/01/18

    170,269        184,282   

5.500%, 06/01/19

    294,075        324,704   

5.500%, 07/01/19

    254,800        279,655   

5.500%, 08/01/19

    82,676        90,421   

5.500%, 09/01/19

    272,426        299,551   

5.500%, 01/01/21

    124,653        137,636   

5.500%, 03/01/21

    37,389        41,283   

6.000%, 07/01/16

    75,058        80,042   

6.000%, 01/01/17

    60,247        65,001   

6.000%, 02/01/17

    118,187        126,035   

6.000%, 07/01/17

    177,419        191,268   

6.000%, 08/01/17

    19,312        20,836   

6.000%, 09/01/17

    163,923        176,856   

6.000%, 03/01/18

    18,639        20,110   

6.000%, 11/01/18

    100,510        107,184   

6.000%, 01/01/21

    129,106        142,631   

6.000%, 05/01/21

    69,813        77,126   

Fannie Mae 20 Yr. Pool
6.000%, 11/01/25

    64,052        70,893   

Fannie Mae 30 Yr.
3.500%, TBA

    5,114,000        5,471,181   

Fannie Mae 30 Yr. Pool
3.500%, 11/01/41

    160,640        173,449   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
3.500%, 01/01/42

  $ 1,316,429      $ 1,423,490   

3.500%, 02/01/42

    1,020,647        1,095,807   

4.000%, 09/01/40

    396,196        432,884   

4.500%, 08/01/33

    790,087        859,263   

4.500%, 02/01/35

    131,815        143,047   

4.500%, 09/01/35

    193,715        209,980   

4.500%, 08/01/40

    158,142        174,583   

4.500%, 02/01/41

    745,542        823,050   

4.500%, 04/01/41

    824,084        909,757   

5.000%, 11/01/33

    392,624        431,492   

5.000%, 03/01/34

    351,340        386,121   

5.000%, 05/01/34

    160,124        175,000   

5.000%, 08/01/34

    165,764        181,164   

5.000%, 09/01/34

    575,415        628,872   

5.000%, 01/01/35

    188,555        206,072   

5.000%, 06/01/35

    453,200        496,152   

5.000%, 07/01/35

    2,403,496        2,633,220   

5.000%, 08/01/35

    402,561        441,159   

5.000%, 09/01/35

    276,092        302,259   

5.000%, 10/01/35

    1,232,162        1,348,943   

5.000%, 08/01/36

    178,591        195,517   

5.000%, 07/01/39

    936,049        1,046,703   

5.000%, 10/01/39

    593,438        647,456   

5.000%, 11/01/39

    228,493        255,504   

5.000%, 11/01/40

    312,569        347,972   

5.000%, 01/01/41

    116,451        129,744   

5.000%, 03/01/41

    178,150        198,486   

5.500%, 02/01/33

    220,510        244,710   

5.500%, 05/01/33

    21,909        24,457   

5.500%, 06/01/33

    692,527        768,527   

5.500%, 07/01/33

    729,380        809,424   

5.500%, 11/01/33

    437,413        485,415   

5.500%, 12/01/33

    100,707        113,458   

5.500%, 01/01/34

    424,403        473,672   

5.500%, 02/01/34

    609,665        680,542   

5.500%, 03/01/34

    125,327        143,507   

5.500%, 04/01/34

    169,596        191,070   

5.500%, 05/01/34

    1,045,806        1,185,535   

5.500%, 06/01/34

    1,378,004        1,538,274   

5.500%, 07/01/34

    519,433        579,589   

5.500%, 09/01/34

    1,532,336        1,707,694   

5.500%, 10/01/34

    2,131,597        2,379,515   

5.500%, 11/01/34

    2,536,318        2,831,307   

5.500%, 12/01/34

    1,475,561        1,647,177   

5.500%, 01/01/35

    1,217,426        1,359,019   

5.500%, 02/01/35

    143,967        161,764   

5.500%, 04/01/35

    208,245        232,465   

5.500%, 07/01/35

    216,100        241,234   

5.500%, 08/01/35

    165,430        184,345   

5.500%, 09/01/35 (c)

    611,052        688,423   

5.500%, 01/01/36

    856,013        944,070   

5.500%, 01/01/37

    630,810        695,700   

5.500%, 08/01/37

    407,714        449,655   

6.000%, 02/01/32

    511,515        577,658   

6.000%, 03/01/34

    59,803        67,686   

6.000%, 04/01/34

    864,425        978,363   

6.000%, 06/01/34

    885,928        1,001,693   

 

MSF-143


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
6.000%, 07/01/34

  $ 837,674      $ 944,639   

6.000%, 08/01/34

    1,542,255        1,739,820   

6.000%, 10/01/34

    699,169        790,273   

6.000%, 11/01/34

    104,519        118,222   

6.000%, 12/01/34

    64,245        72,211   

6.000%, 08/01/35

    201,215        226,165   

6.000%, 09/01/35 (c)

    268,099        301,928   

6.000%, 10/01/35

    337,779        380,619   

6.000%, 11/01/35

    85,848        96,323   

6.000%, 12/01/35

    405,402        454,837   

6.000%, 02/01/36

    294,469        331,626   

6.000%, 04/01/36

    577,691        650,586   

6.000%, 06/01/36

    219,919        247,338   

6.000%, 07/01/37

    559,948        627,343   

6.500%, 06/01/31

    123,875        144,020   

6.500%, 07/01/31

    57,341        65,675   

6.500%, 08/01/31

    33,024        38,394   

6.500%, 09/01/31

    152,710        177,545   

6.500%, 02/01/32

    91,268        106,111   

6.500%, 07/01/32

    307,840        355,236   

6.500%, 08/01/32

    283,540        327,898   

6.500%, 01/01/33

    119,851        138,601   

6.500%, 04/01/34

    207,371        238,130   

6.500%, 06/01/34

    75,620        86,511   

6.500%, 08/01/34

    114,771        131,119   

6.500%, 04/01/36

    70,459        79,783   

6.500%, 05/01/36

    246,971        282,071   

6.500%, 02/01/37

    479,764        543,206   

6.500%, 05/01/37

    342,939        389,106   

6.500%, 07/01/37

    292,950        332,387   

7.500%, 10/01/29

    21,984        26,908   

7.500%, 02/01/30

    22,440        27,352   

7.500%, 11/01/31

    112,764        138,858   

7.500%, 02/01/32

    24,164        29,741   

Fannie Mae ACES
2.578%, 09/25/18

    500,000        531,673   

Fannie Mae Pool
3.800%, 02/01/18

    141,921        158,170   

3.849%, 07/01/18

    197,354        221,722   

3.910%, 02/01/18

    205,826        230,056   

4.010%, 08/01/13

    134,222        136,107   

4.021%, 08/01/13 (c)

    524,590        531,954   

4.563%, 05/01/14

    553,006        577,512   

4.600%, 09/01/19

    136,000        158,667   

4.700%, 03/01/15

    567,207        608,682   

4.767%, 04/01/13 (c)

    59,048        59,097   

4.825%, 08/01/14 (c)

    777,722        819,170   

4.845%, 06/01/13

    83,999        84,841   

4.858%, 02/01/14 (c)

    540,290        551,432   

4.880%, 03/01/20

    322,756        363,434   

4.940%, 08/01/15

    50,000        54,367   

5.370%, 05/01/18

    630,000        723,116   

5.421%, 02/01/13 (c)

    234,427        234,401   

5.466%, 11/01/15 (c)

    401,877        444,630   

5.662%, 02/01/16 (c)

    216,874        244,698   

5.725%, 07/01/16 (c)

    263,197        300,282   

Agency Sponsored Mortgage-Backed—(Continued)

  

FHLMC Multifamily Structured Pass-Through Certificates
2.303%, 09/25/18

  $ 176,087      $ 186,540   

2.412%, 08/25/18

    458,000        485,264   

3.154%, 02/25/18

    118,000        130,410   

3.808%, 08/25/20

    1,030,000        1,174,626   

3.882%, 11/25/17 (c)

    332,556        378,236   

5.085%, 03/25/19 (c)

    1,226,000        1,484,621   

Freddie Mac 15 Yr. Gold Pool
4.500%, 05/01/18

    92,082        98,964   

4.500%, 08/01/18

    183,761        197,494   

4.500%, 11/01/18

    188,774        202,881   

4.500%, 01/01/19

    363,595        390,767   

4.500%, 08/01/19

    20,482        22,013   

4.500%, 02/01/20

    154,927        166,506   

4.500%, 08/01/24

    1,224,583        1,313,802   

5.000%, 12/01/17

    5,660        6,124   

5.000%, 05/01/18

    72,633        78,042   

5.000%, 09/01/18

    200,272        217,836   

5.000%, 02/01/19

    193,023        208,865   

5.500%, 01/01/19

    50,967        55,864   

5.500%, 04/01/19

    31,025        33,668   

5.500%, 06/01/19

    21,354        23,405   

5.500%, 07/01/19

    46,455        50,795   

5.500%, 08/01/19

    21,935        23,985   

5.500%, 12/01/19

    47,881        52,354   

5.500%, 02/01/20

    13,893        15,190   

6.000%, 04/01/16

    7,424        7,976   

6.000%, 04/01/17

    44,904        48,465   

6.000%, 07/01/17

    29,622        31,972   

6.000%, 10/01/17

    35,064        37,846   

6.000%, 08/01/19

    179,785        197,239   

6.000%, 09/01/19

    75,691        84,010   

6.000%, 11/01/19

    69,377        77,003   

6.000%, 05/01/21

    76,880        85,330   

6.000%, 10/01/21

    115,403        128,087   

Freddie Mac 20 Yr. Gold Pool
5.500%, 10/01/24

    168,430        185,288   

5.500%, 06/01/25

    330,994        364,123   

5.500%, 07/01/25

    160,585        176,658   

5.500%, 08/01/25

    250,279        275,329   

6.000%, 02/01/23

    255,614        281,957   

6.000%, 12/01/25

    117,551        129,592   

6.000%, 02/01/26

    98,982        109,121   

Freddie Mac 30 Yr.
3.000%, TBA

    1,023,000        1,075,589   

Freddie Mac 30 Yr. Gold Pool
3.500%, 02/01/42

    1,102,334        1,191,124   

3.500%, 03/01/42

    1,007,162        1,080,732   

4.000%, 11/01/40

    2,417,235        2,601,145   

4.000%, 01/01/41

    2,842,337        3,058,590   

4.500%, 04/01/35

    458,897        495,341   

5.000%, 09/01/33

    851,088        931,296   

5.000%, 03/01/34

    165,759        185,161   

5.000%, 04/01/34

    156,379        169,943   

5.000%, 08/01/35

    226,234        246,282   

5.000%, 10/01/35

    664,078        730,687   

5.000%, 11/01/35

    447,869        487,558   

 

MSF-144


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool
5.000%, 12/01/36

  $ 291,695      $ 317,543   

5.000%, 07/01/39

    1,857,028        2,013,466   

5.500%, 12/01/33

    766,217        849,372   

5.500%, 01/01/34

    576,822        633,654   

5.500%, 04/01/34

    131,957        147,804   

5.500%, 11/01/34

    117,022        129,137   

5.500%, 12/01/34

    157,969        174,323   

5.500%, 05/01/35

    78,455        86,577   

5.500%, 09/01/35

    159,781        176,323   

5.500%, 10/01/35

    299,573        331,243   

6.000%, 04/01/34

    144,955        162,431   

6.000%, 07/01/34

    128,018        142,914   

6.000%, 08/01/34

    1,046,620        1,169,686   

6.000%, 09/01/34

    28,920        32,222   

6.000%, 07/01/35

    155,351        171,458   

6.000%, 08/01/35

    178,475        196,980   

6.000%, 11/01/35

    455,139        505,742   

6.000%, 03/01/36

    205,749        228,355   

6.000%, 10/01/36

    259,030        287,426   

6.000%, 03/01/37

    130,267        143,896   

6.000%, 05/01/37

    286,222        318,045   

6.000%, 06/01/37

    414,872        460,455   

6.500%, 05/01/34

    59,739        67,934   

6.500%, 06/01/34

    120,523        137,074   

6.500%, 08/01/34

    439,184        499,418   

6.500%, 10/01/34

    265,959        307,757   

6.500%, 11/01/34

    103,466        117,349   

6.500%, 05/01/37

    205,474        231,930   

6.500%, 07/01/37

    351,057        396,044   

Ginnie Mae 30 Yr.
3.000%, TBA

    2,520,000        2,696,219   

Ginnie Mae I 30 Yr. Pool
3.500%, 12/15/41

    484,188        533,764   

3.500%, 02/15/42

    340,057        374,237   

4.500%, 09/15/33

    275,652        304,319   

4.500%, 11/15/39

    1,126,369        1,241,042   

4.500%, 03/15/40

    709,296        793,034   

4.500%, 04/15/40

    1,262,943        1,388,758   

4.500%, 06/15/40

    444,274        492,281   

5.000%, 03/15/34

    103,016        114,272   

5.000%, 06/15/34

    179,356        198,953   

5.000%, 12/15/34

    113,707        126,131   

5.000%, 06/15/35

    40,160        44,473   

5.000%, 05/15/39

    1,513,544        1,670,878   

5.500%, 11/15/32

    329,070        368,714   

5.500%, 08/15/33

    1,136,259        1,272,084   

5.500%, 12/15/33

    428,373        484,679   

5.500%, 09/15/34

    395,615        442,164   

5.500%, 10/15/35

    77,405        86,416   

6.000%, 12/15/28

    91,779        105,141   

6.000%, 12/15/31

    119,579        137,921   

6.000%, 03/15/32

    4,125        4,708   

6.000%, 10/15/32

    329,906        376,549   

6.000%, 01/15/33

    101,334        115,407   

6.000%, 02/15/33

    4,729        5,408   

6.000%, 04/15/33

    414,831        472,445   

6.000%, 08/15/33

    3,376        3,845   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool
6.000%, 07/15/34

  $ 308,085      $ 351,644   

6.000%, 09/15/34

    163,800        185,935   

6.000%, 01/15/38

    449,611        511,914   

Ginnie Mae II 30 Yr. Pool
3.500%, 03/20/42

    1,010,498        1,106,856   

4.000%, 01/20/41

    2,894,357        3,196,778   

4.500%, 07/20/33

    52,822        58,809   

4.500%, 09/20/33

    33,664        37,470   

4.500%, 12/20/34

    32,812        36,521   

4.500%, 03/20/35

    155,555        173,138   

4.500%, 01/20/41

    805,787        894,352   

4.500%, 11/20/41

    1,038,260        1,149,365   

5.000%, 07/20/33

    116,202        129,350   

5.000%, 11/20/41

    2,202,610        2,447,782   

6.000%, 01/20/35

    114,703        130,674   

6.000%, 02/20/35

    59,234        67,482   

6.000%, 04/20/35

    88,882        101,258   
   

 

 

 
      128,387,311   
   

 

 

 

Federal Agencies—0.1%

   

The Financing Corp.
9.650%, 11/02/18

    430,000        637,869   
   

 

 

 

U.S. Treasury—13.2%

   

U.S. Treasury Bonds
4.500%, 02/15/36

    293,000        390,880   

4.500%, 08/15/39

    14,695,000        19,778,559   

5.000%, 05/15/37

    1,509,000        2,160,935   

5.250%, 02/15/29

    16,000        22,440   

5.375%, 02/15/31

    887,000        1,282,962   

6.250%, 08/15/23

    1,251,000        1,815,319   

8.500%, 02/15/20

    1,104,000        1,686,188   

U.S. Treasury Notes
0.500%, 08/15/14

    3,838,000        3,856,442   

1.375%, 10/15/12 (b)

    1,825,000        1,825,856   

1.375%, 01/15/13

    80,000        80,287   

1.500%, 12/31/13

    21,000        21,338   

1.875%, 02/28/14

    2,369,800        2,425,064   

2.000%, 11/30/13

    2,098,000        2,141,598   

2.125%, 05/31/15

    36,665,000        38,438,083   

2.625%, 02/29/16 (b)

    800,000        861,250   

2.750%, 10/31/13

    6,744,000        6,929,197   

2.750%, 02/15/19

    3,838,100        4,276,185   

3.125%, 09/30/13

    10,194,000        10,491,461   

3.125%, 05/15/19 (b)

    9,358,000        10,668,120   

3.125%, 05/15/21 (b)

    1,052,000        1,202,567   

3.500%, 05/31/13

    3,900,000        3,985,769   

3.500%, 05/15/20

    9,574,000        11,209,804   

3.750%, 11/15/18

    2,067,000        2,426,141   

3.875%, 02/15/13 (b)

    5,448,000        5,523,547   

4.125%, 05/15/15

    125,000        137,471   

4.750%, 08/15/17 (b)

    2,444,000        2,930,507   
   

 

 

 
      136,567,970   
   

 

 

 

Total U.S. Treasury & Government Agencies (Identified Cost $247,127,737)

      265,593,150   
   

 

 

 

 

MSF-145


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—10.1%

 

Security Description   Par
Amount
    Value  

Aerospace & Defense—0.1%

   

BAE Systems Holdings, Inc. (144A)
5.200%, 08/15/15

  $ 756,000      $ 825,090   

United Technologies Corp.
3.100%, 06/01/22

    420,000        447,562   
   

 

 

 
      1,272,652   
   

 

 

 

Beverages—0.2%

   

Anheuser-Busch InBev Worldwide, Inc.
8.000%, 11/15/39

    1,020,000        1,670,717   

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

    353,000        394,381   
   

 

 

 
      2,065,098   
   

 

 

 

Capital Markets—0.7%

   

CNOOC Finance 2012, Ltd. (144A)
3.875%, 05/02/22 (b)

    1,010,000        1,071,247   

Credit Suisse
5.500%, 05/01/14

    1,470,000        1,569,922   

Merrill Lynch & Co., Inc.
6.150%, 04/25/13

    1,160,000        1,194,321   

Morgan Stanley
6.625%, 04/01/18

    1,270,000        1,459,154   

The Goldman Sachs Group, Inc.
5.625%, 01/15/17

    1,351,000        1,488,944   
   

 

 

 
      6,783,588   
   

 

 

 

Chemicals—0.0%

   

Ecolab, Inc.
5.500%, 12/08/41

    170,000        211,422   
   

 

 

 

Commercial Banks—1.5%

   

ABN Amro Bank NV (144A)
2.217%, 01/30/14 (c)

    1,040,000        1,050,652   

Banco Bradesco S.A. (144A)
6.750%, 09/29/19

    613,000        701,885   

Bank One Corp.
8.000%, 04/29/27

    100,000        137,277   

BNP Paribas (144A)
7.195%, 12/31/49 (c)

    500,000        472,750   

Commonwealth Bank of Australia (144A) 5.000%, 10/15/19

    710,000        814,753   

Groupe BPCE (144A)
12.500%, 06/29/49 (b) (c)

    922,000        1,044,377   

HSBC Holdings plc
5.100%, 04/05/21

    679,000        784,407   

ING Bank NV (144A)
3.750%, 03/07/17

    829,000        873,521   

3.900%, 03/19/14

    1,280,000        1,340,787   

Kreditanstalt fuer Wiederaufbau
4.875%, 06/17/19

    1,290,000        1,573,026   

Nordea Bank AB (144A)
4.875%, 01/14/21 (b) (d)

    830,000        953,570   

PNC Funding Corp.
5.625%, 02/01/17

    1,080,000        1,243,341   

Royal Bank of Scotland Group plc
2.550%, 09/18/15

    247,000        249,972   

Commercial Banks—(Continued)

  

Santander U.S. Debt S.A. Unipersonal (144A) 3.781%, 10/07/15 (b)

  $ 500,000      $ 501,171   

Svenska Handelsbanken AB (144A)
4.875%, 06/10/14

    970,000        1,027,618   

Swedbank AB (144A)
2.125%, 09/29/17

    231,000        230,651   

U.S. Bancorp
7.500%, 06/01/26

    400,000        507,868   

Wachovia Corp.
5.250%, 08/01/14

    924,000        993,185   

Wells Fargo & Co.
2.100%, 05/08/17 (b)

    990,000        1,024,239   
   

 

 

 
      15,525,050   
   

 

 

 

Consumer Finance—0.4%

   

American Express Co.
5.500%, 09/12/16

    960,000        1,112,341   

Capital One Financial Corp.
6.150%, 09/01/16

    1,330,000        1,518,198   

Toyota Motor Credit Corp.
3.200%, 06/17/15

    630,000        672,169   

3.400%, 09/15/21

    880,000        953,664   
   

 

 

 
      4,256,372   
   

 

 

 

Diversified Financial Services—2.2%

   

ABB Finance USA, Inc.
2.875%, 05/08/22

    309,000        319,443   

Asian Development Bank
1.125%, 03/15/17 (b)

    574,000        587,427   

2.750%, 05/21/14

    970,000        1,008,819   

B.A.T. International Finance plc (144A)
3.250%, 06/07/22

    1,026,000        1,052,855   

Bank of America Corp.
5.490%, 03/15/19

    696,000        758,267   

7.375%, 05/15/14

    510,000        558,272   

7.625%, 06/01/19

    710,000        886,599   

BP Capital Markets plc
4.500%, 10/01/20

    306,000        355,219   

4.742%, 03/11/21

    847,000        987,364   

Citigroup, Inc.
5.000%, 09/15/14

    1,105,000        1,165,466   

DIRECTV Financing Co., Inc.
4.600%, 02/15/21

    1,260,000        1,379,148   

ERAC USA Finance, LLC (144A)
7.000%, 10/15/37

    1,115,000        1,389,425   

General Electric Capital Corp.
5.450%, 01/15/13 (b)

    572,000        580,051   

GG1C Funding Corp. (144A)
5.129%, 01/15/14 (d)

    233,635        236,960   

Hyundai Capital America (144A)
2.125%, 10/02/17

    234,000        234,033   

JPMorgan Chase & Co.
3.250%, 09/23/22

    262,000        265,640   

6.300%, 04/23/19

    1,210,000        1,487,478   

MidAmerican Funding, LLC
6.927%, 03/01/29

    699,000        931,728   

 

MSF-146


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Diversified Financial Services—(Continued)

  

Petrobras International Finance Co.
5.375%, 01/27/21

  $ 380,000      $ 428,173   

6.750%, 01/27/41

    276,000        342,556   

Societe Financement de l’Economie Francaise (144A)
3.375%, 05/05/14

    730,000        762,993   

Spectra Energy Capital, LLC
8.000%, 10/01/19

    1,253,000        1,629,352   

Telecom Italia Capital S.A.
5.250%, 11/15/13

    753,000        776,531   

Teva Pharmaceutical Finance IV BV
3.650%, 11/10/21

    1,270,000        1,376,698   

Volkswagen International Finance NV (144A) 2.375%, 03/22/17

    857,000        889,995   

W3A Funding Corp.
8.090%, 01/02/17

    405,696        421,323   

WEA Finance, LLC (144A)
4.625%, 05/10/21

    990,000        1,080,774   

6.750%, 09/02/19

    363,000        440,167   
   

 

 

 
      22,332,756   
   

 

 

 

Diversified Telecommunication Services—0.2%

  

AT&T, Inc.
5.550%, 08/15/41

    1,409,000        1,753,922   
   

 

 

 

Electric Utilities—0.5%

   

Bruce Mansfield Unit
6.850%, 06/01/34

    983,273        1,048,365   

Oncor Electric Delivery Co., LLC
7.000%, 09/01/22

    1,825,000        2,288,524   

Progress Energy, Inc.
3.150%, 04/01/22

    1,083,000        1,102,893   

PSEG Power, LLC
5.320%, 09/15/16

    989,000        1,124,718   
   

 

 

 
      5,564,500   
   

 

 

 

Energy Equipment & Services—0.0%

  

Transocean, Inc.
3.800%, 10/15/22

    505,000        507,614   
   

 

 

 

Food & Staples Retailing—0.3%

   

CVS Caremark Corp.
6.125%, 08/15/16

    1,080,000        1,279,824   

Wal-Mart Stores, Inc.
5.250%, 09/01/35

    1,830,000        2,266,885   
   

 

 

 
      3,546,709   
   

 

 

 

Food Products—0.0%

   

Kraft Foods Group, Inc. (144A)
3.500%, 06/06/22

    412,000        435,315   
   

 

 

 

Health Care Equipment & Supplies—0.2%

  

 

CareFusion Corp.
6.375%, 08/01/19

    1,110,000        1,329,300   

Hospira, Inc.
6.050%, 03/30/17 (b) (c)

    979,000        1,132,010   
   

 

 

 
      2,461,310   
   

 

 

 

Health Care Providers & Services—0.2%

  

Aristotle Holding, Inc. (144A)
2.650%, 02/15/17

  $ 1,280,000      $ 1,341,316   

WellPoint, Inc.
3.300%, 01/15/23

    600,000        606,858   
   

 

 

 
      1,948,174   
   

 

 

 

Hotels, Restaurants & Leisure—0.0%

  

Wyndham Worldwide Corp.
6.000%, 12/01/16

    8,000        9,011   
   

 

 

 

Insurance—0.4%

   

Chubb Corp.
6.375%, 03/29/67 (c)

    1,510,000        1,608,150   

Irish Life & Permanent Group Holdings plc (144A) 3.600%, 01/14/13

    1,500,000        1,496,250   

ZFS Finance USA Trust V (144A)
6.500%, 05/09/67 (c)

    491,000        519,233   
   

 

 

 
      3,623,633   
   

 

 

 

Internet Software & Services—0.0%

  

eBay, Inc.
1.350%, 07/15/17

    290,000        293,477   
   

 

 

 

Machinery—0.1%

   

Atlas Copco AB (144A)
5.600%, 05/22/17

    910,000        1,065,693   
   

 

 

 

Media—0.4%

   

COX Communications, Inc.
4.625%, 06/01/13

    1,058,000        1,087,292   

Hearst-Argyle Television, Inc.
7.500%, 11/15/27

    200,000        145,859   

News America Holdings, Inc.
8.500%, 02/23/25

    722,000        972,734   

Time Warner Entertainment Co., L.P.
8.375%, 07/15/33

    1,240,000        1,802,726   
   

 

 

 
      4,008,611   
   

 

 

 

Metals & Mining—0.1%

   

Corp. Nacional del Cobre de Chile (144A) 3.750%, 11/04/20

    290,000        313,362   

Vale Overseas, Ltd.
4.625%, 09/15/20

    298,000        317,739   

6.875%, 11/10/39

    233,000        271,763   
   

 

 

 
      902,864   
   

 

 

 

Multiline Retail—0.1%

   

Target Corp.
4.000%, 07/01/42

    1,023,000        1,047,052   
   

 

 

 

Oil, Gas & Consumable Fuels—0.8%

   

Apache Corp.
3.250%, 04/15/22

    421,000        452,552   

4.750%, 04/15/43

    321,000        366,790   

Enterprise Products Operating, LLC
6.500%, 01/31/19

    908,000        1,126,003   

 

MSF-147


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  

Oil, Gas & Consumable Fuels—(Continued)

  

EOG Resources, Inc.
2.625%, 03/15/23

  $ 302,000      $ 305,255   

Hess Corp.
8.125%, 02/15/19

    300,000        396,933   

Husky Energy, Inc.
5.900%, 06/15/14

    771,000        836,976   

7.250%, 12/15/19

    787,000        1,011,692   

Kinder Morgan Energy Partners, L.P.
7.750%, 03/15/32

    625,000        811,609   

Petroleos Mexicanos
8.000%, 05/03/19

    759,000        993,151   

Ras Laffan Liquefied Natural Gas Co., Ltd. III (144A)
5.832%, 09/30/16

    689,767        753,570   

Total Capital International S.A.
1.550%, 06/28/17

    1,239,000        1,262,234   
   

 

 

 
      8,316,765   
   

 

 

 

Pharmaceuticals—0.2%

   

Roche Holdings, Inc. (144A)
6.000%, 03/01/19

    1,298,000        1,629,627   
   

 

 

 

Real Estate Investment Trusts—0.6%

  

Boston Properties, L.P.
5.000%, 06/01/15

    200,000        218,696   

ERP Operating, L.P.
4.625%, 12/15/21

    896,000        1,032,547   

5.375%, 08/01/16 (b)

    260,000        298,234   

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

    734,000        837,363   

HRPT Properties Trust
6.250%, 08/15/16

    1,776,000        1,941,445   

Simon Property Group, L.P.
5.875%, 03/01/17

    1,328,000        1,560,703   
   

 

 

 
      5,888,988   
   

 

 

 

Road & Rail—0.0%

   

Norfolk Southern Corp.
4.837%, 10/01/41

    402,000        462,012   
   

 

 

 

Specialty Retail—0.1%

   

Home Depot, Inc.
5.950%, 04/01/41

    278,000        377,527   

Limited Brands, Inc.
5.250%, 11/01/14 (b)

    370,000        391,275   
   

 

 

 
      768,802   
   

 

 

 

Thrifts & Mortgage Finance—0.1%

   

Achmea Hypotheekbank NV (144A)
3.200%, 11/03/14 (c)

    541,000        567,233   
   

 

 

 

Wireless Telecommunication Services—0.3%

  

Crown Castle Towers, LLC (144A)
4.883%, 08/15/40

    370,000        416,359   

6.113%, 01/15/40

    711,000        856,317   

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

    1,483,000        1,874,024   
   

 

 

 
      3,146,700   
   

 

 

 

Yankee—0.4%

   

Petro-Canada
6.050%, 05/15/18

  $ 1,664,000      $ 2,035,961   

Statoil ASA
7.750%, 06/15/23

    100,000        143,569   

Temasek Financial I, Ltd. (144A)
2.375%, 01/23/23 (b)

    1,790,000        1,788,018   
   

 

 

 
      3,967,548   
   

 

 

 

Total Corporate Bonds & Notes
(Identified Cost $93,329,218)

      104,362,498   
   

 

 

 
Mortgage-Backed Securities—1.5%   

Collateralized-Mortgage Obligation—0.0%

  

BlackRock Capital Finance, L.P. (144A)
7.750%, 09/25/26

    86,645        21,614   

RAAC Series
4.971%, 09/25/34 (c)

    152,687        153,102   
   

 

 

 
      174,716   
   

 

 

 

Commercial Mortgage-Backed Securities—1.5%

  

Credit Suisse Mortgage Capital Certificates 5.965%, 09/15/40 (c)

    1,735,738        1,971,396   

General Electric Capital Assurance Co. (144A) 5.743%, 05/12/35 (d)

    35,000        42,759   

Greenwich Capital Commercial Funding Corp. 4.915%, 01/05/36

    500,000        515,896   

5.475%, 03/10/39

    3,025,000        3,130,851   

JPMorgan Chase Commercial Mortgage Securities Corp.
5.382%, 05/15/41 (c)

    1,292,933        1,375,466   

5.475%, 04/15/43 (c)

    155,669        176,504   

5.813%, 06,15/49 (c)

    1,327,157        1,536,152   

Merrill Lynch/Countrywide Commercial Mortgage Trust
5.810%, 06/12/50 (c)

    2,071,962        2,317,763   

Morgan Stanley Capital I (144A)
1.178%, 11/15/30 (c) (e)

    3,342,501        76,670   

Spirit Master Funding, LLC (144A)
5.050%, 07/20/23 (d)

    940,811        851,434   

Wachovia Bank Commercial Mortgage Trust 6.122%, 02/15/51 (c)

    3,000,000        3,536,310   
   

 

 

 
      15,531,201   
   

 

 

 

Total Mortgage-Backed Securities
(Identified Cost $14,538,497)

      15,705,917   
   

 

 

 
Foreign Government—0.6%   

Sovereign—0.6%

   

Egypt Government AID Bonds
4.450%, 09/15/15

    1,903,000        2,125,213   

Mexico Government International Bond
4.750%, 03/08/44

    1,375,000        1,529,688   

Peruvian Government International Bond
7.350%, 07/21/25

    103,000        150,895   

 

MSF-148


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Foreign Government—(Continued)

 

Security Description   Shares/Par
Amount
    Value  

Sovereign—(Continued)

   

Russian Foreign Bond (144A)
3.625%, 04/29/15 (d)

  $ 2,100,000      $ 2,210,250   
   

 

 

 

Total Foreign Government
(Identified Cost $5,506,391)

      6,016,046   
   

 

 

 
Asset-Backed Securities—0.5%   

Asset Backed—Home Equity—0.2%

  

Bayview Financial Revolving Mortgage Loan Trust (144A)
5.621%, 12/28/40 (c) (d)

    999,483        645,456   

GMAC Mortgage Corp. Loan Trust
5.874%, 10/25/36 (c)

    571,424        487,159   

Residential Funding Mortgage Securities II, Inc. 5.320%, 12/25/35 (c)

    1,190,000        714,430   
   

 

 

 
      1,847,045   
   

 

 

 

Asset Backed—Other—0.3%

   

Anthracite CDO I, Ltd. (144A)
0.661%, 05/24/17 (c)

    311,397        293,787   

Capital Trust Re CDO, Ltd. (144A)
5.160%, 06/25/35

    948,453        949,478   

Small Business Administration Participation Certificates
4.350%, 07/01/23

    782,368        858,400   

4.770%, 04/01/24

    44,472        49,270   

4.950%, 03/01/25

    239,602        268,617   

4.990%, 09/01/24

    139,870        158,193   

5.110%, 08/01/25 (c)

    355,073        398,838   

5.180%, 05/01/24 (c)

    71,636        80,067   

5.520%, 06/01/24 (c)

    222,378        249,771   
   

 

 

 
      3,306,421   
   

 

 

 

Total Asset-Backed Securities
(Identified Cost $5,821,425)

      5,153,466   
   

 

 

 
Municipal Bonds & Notes—0.2%   

Municipal Agency—0.2%

   

New Jersey State Turnpike Authority
7.414%, 01/01/40

    1,050,000        1,549,391   
   

 

 

 

Total Municipal Bonds & Notes
(Identified Cost $1,092,733)

      1,549,391   
   

 

 

 
Preferred Stock—0.1%                

Automobiles—0.1%

   

General Motors Co. (b)

    35,920        1,339,098   
   

 

 

 

Total Preferred Stock
(Identified Cost $1,796,000)

      1,339,098   
   

 

 

 
Convertible Preferred Stock—0.1%   
Security Description   Shares/Par
Amount
    Value  

Aerospace & Defense—0.0%

   

United Technologies Corp.

    7,540      $ 422,994   
   

 

 

 

Electric Utilities—0.1%

   

PPL Corp.

    10,420        557,991   
   

 

 

 

Total Convertible Preferred Stock
(Identified Cost $899,806)

      980,985   
   

 

 

 
Short Term Investments—8.4%   

Mutual Funds—6.6%

   

State Street Navigator Securities Lending Prime Portfolio (f)

    68,549,287        68,549,287   
   

 

 

 

Repurchase Agreement—1.8%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $18,514,015 on 10/01/12, collateralized by $18,840,000 Federal Home Loan Mortgage Corp. 0.550% due 02/13/15 with a value of $18,887,100.

  $ 18,514,000        18,514,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $87,063,287)

      87,063,287   
   

 

 

 

Total Investments—107.4%
(Identified Cost $945,952,082) (g)

      1,108,971,873   

Liabilities in excess of other assets

      (75,900,899
   

 

 

 
Net Assets—100.0%     $ 1,033,070,974   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $67,835,912 and the collateral received consisted of cash in the amount of $68,549,287 and non-cash collateral with a value of $871,200. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2012.
(d) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2012, the market value of restricted securities was $4,940,429, which is 0.5% of net assets. See details below.
(e) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments. The par amount shown reflects the notional amount of the security.
(f) Represents investment of cash collateral received from securities lending transactions.

 

MSF-149


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

(g) As of September 30, 2012, the aggregate cost of investments was $945,952,082. The aggregate unrealized appreciation and depreciation of investments was $176,631,999 and $(13,612,208), respectively, resulting in net unrealized appreciation of $163,019,791.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2012, the market value of 144A securities was $33,500,484, which is 3.2% of net assets.
(ACES)— Alternative Credit Enhancement Securities.
(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.
(CHF)— Swiss Franc
(EUR)— Euro
(GBP)— British Pound

 

Restricted Securities            

Security Description

   Acquisition
Date
     Par
Amount
     Cost      Value  

Bayview Financial Revolving Mortgage Loan Trust (5.621%, 12/28/40)

     3/1/2006       $ 999,483       $ 999,483       $ 645,456   

General Electric Capital Assurance Co. (5.743%, 05/12/35)

     9/23/2003         35,000         35,175         42,759   

GG1C Funding Corp. (5.129%, 01/15/14)

     4/20/2004         233,635         234,286         236,960   

Nordea Bank AB (4.875%, 01/14/21)

     1/11/2011         830,000         826,591         953,570   

Russian Foreign Bond (3.625%, 04/29/15)

     4/22/2010         2,100,000         2,094,065         2,210,250   

Spirit Master Funding, LLC (5.050%, 07/20/23)

     10/4/2005         940,811         928,701         851,434   

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Aerospace & Defense

   $ 44,182,346       $ —         $ —         $ 44,182,346   

Air Freight & Logistics

     6,633,823         —           —           6,633,823   

Auto Components

     9,377,314         —           —           9,377,314   

Automobiles

     1,138,865         —           —           1,138,865   

Beverages

     5,645,176         9,053,970         —           14,699,146   

Capital Markets

     37,915,146         —           —           37,915,146   

Chemicals

     17,536,856         —           —           17,536,856   

Commercial Banks

     19,726,441         —           —           19,726,441   

Commercial Services & Supplies

     4,215,300         —           —           4,215,300   

Communications Equipment

     794,144         —           —           794,144   

Computers & Peripherals

     2,339,950         —           —           2,339,950   

Construction & Engineering

     1,906,766         —           —           1,906,766   

Consumer Finance

     1,616,530         —           —           1,616,530   

Diversified Financial Services

     26,872,076         —           —           26,872,076   

Diversified Telecommunication Services

     14,937,560         —           —           14,937,560   

Electric Utilities

     3,443,180         —           —           3,443,180   

 

MSF-150


Table of Contents

Metropolitan Series Fund

 

MFS Total Return Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Energy Equipment & Services

   $ 4,232,940       $ —         $ —         $ 4,232,940   

Food & Staples Retailing

     12,114,121         —           —           12,114,121   

Food Products

     10,889,869         13,650,375         —           24,540,244   

Health Care Equipment & Supplies

     15,950,154         —           —           15,950,154   

Health Care Providers & Services

     4,889,977         —           —           4,889,977   

Hotels, Restaurants & Leisure

     2,517,620         —           —           2,517,620   

Household Durables

     5,245,619         —           —           5,245,619   

Household Products

     4,765,864         1,692,413         —           6,458,277   

Independent Power Producers & Energy Traders

     1,358,265         —           —           1,358,265   

Industrial Conglomerates

     21,484,030         —           —           21,484,030   

Insurance

     41,966,015         —           —           41,966,015   

IT Services

     27,456,160         —           —           27,456,160   

Leisure Equipment & Products

     4,070,067         —           —           4,070,067   

Life Sciences Tools & Services

     6,454,239         —           —           6,454,239   

Machinery

     5,814,825         —           —           5,814,825   

Media

     35,125,531         —           —           35,125,531   

Metals & Mining

     617,471         —           —           617,471   

Multi-Utilities

     5,780,361         —           —           5,780,361   

Multiline Retail

     12,467,523         —           —           12,467,523   

Oil, Gas & Consumable Fuels

     62,459,415         —           —           62,459,415   

Pharmaceuticals

     44,176,857         3,437,224         —           47,614,081   

Professional Services

     1,527,112         —           —           1,527,112   

Road & Rail

     2,863,195         —           —           2,863,195   

Semiconductors & Semiconductor Equipment

     3,962,973         —           —           3,962,973   

Software

     13,054,654         —           —           13,054,654   

Specialty Retail

     5,220,053         —           —           5,220,053   

Tobacco

     29,029,534         —           —           29,029,534   

Wireless Telecommunication Services

     —           9,598,136         —           9,598,136   

Total Common Stock

     583,775,917         37,432,118         —           621,208,035   

Total U.S. Treasury & Government Agencies*

     —           265,593,150         —           265,593,150   

Total Corporate Bonds & Notes*

     —           104,362,498         —           104,362,498   

Total Mortgage-Backed Securities*

     —           15,705,917         —           15,705,917   

Total Foreign Government*

     —           6,016,046         —           6,016,046   

Total Asset-Backed Securities*

     —           5,153,466         —           5,153,466   

Total Preferred Stock*

     1,339,098         —           —           1,339,098   

Total Municipal Bonds & Notes*

     —           1,549,391         —           1,549,391   

Total Convertible Preferred Stock*

     980,985         —           —           980,985   
Short Term Investments            

Mutual Funds

     68,549,287         —           —           68,549,287   

Repurchase Agreement

     —           18,514,000         —           18,514,000   

Total Short Term Investments

     68,549,287         18,514,000         —           87,063,287   

Total Investments

   $ 654,645,287       $ 454,326,586       $ —         $ 1,108,971,873   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-151


Table of Contents

Metropolitan Series Fund

 

MFS Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—98.8% of Net Assets

 

Security Description   Shares     Value  
   
   

Aerospace & Defense—8.0%

   

Honeywell International, Inc.

    746,881      $ 44,626,140   

Lockheed Martin Corp.

    977,840        91,310,699   

Northrop Grumman Corp.

    428,319        28,453,231   

United Technologies Corp.

    648,294        50,754,937   
   

 

 

 
      215,145,007   
   

 

 

 

Air Freight & Logistics—1.4%

   

United Parcel Service, Inc. (Class B)

    506,250        36,232,312   
   

 

 

 

Auto Components—1.4%

   

Delphi Automotive plc (a)

    426,470        13,220,570   

Johnson Controls, Inc.

    930,531        25,496,549   
   

 

 

 
      38,717,119   
   

 

 

 

Automobiles—0.2%

   

General Motors Co. (a)

    206,580        4,699,695   
   

 

 

 

Beverages—2.7%

   

Coca-Cola Enterprises, Inc.

    133,901        4,187,084   

Diageo plc (GBP)

    1,740,008        48,992,504   

Dr. Pepper Snapple Group, Inc.

    92,080        4,100,323   

PepsiCo., Inc.

    230,418        16,306,682   
   

 

 

 
      73,586,593   
   

 

 

 

Capital Markets—6.5%

   

BlackRock, Inc.

    178,921        31,901,614   

Franklin Resources, Inc.

    139,410        17,436,009   

State Street Corp.

    512,674        21,511,801   

The Bank of New York Mellon Corp.

    1,868,301        42,260,968   

The Goldman Sachs Group, Inc.

    531,773        60,451,955   
   

 

 

 
      173,562,347   
   

 

 

 

Chemicals—2.2%

   

Air Products & Chemicals, Inc.

    285,442        23,606,053   

PPG Industries, Inc.

    310,010        35,601,549   
   

 

 

 
      59,207,602   
   

 

 

 

Commercial Banks—3.0%

   

PNC Financial Services Group, Inc.

    369,878        23,339,302   

SunTrust Banks, Inc.

    159,050        4,496,343   

Wells Fargo & Co.

    1,542,308        53,255,895   
   

 

 

 
      81,091,540   
   

 

 

 

Commercial Services & Supplies—0.8%

   

The ADT Corp. (a)

    73,780        2,656,080   

Tyco International, Ltd.

    662,734        18,158,912   
   

 

 

 
      20,814,992   
   

 

 

 

Communications Equipment—0.3%

   

Cisco Systems, Inc.

    349,130        6,664,892   
   

 

 

 

Computers & Peripherals—0.2%

   

Hewlett-Packard Co.

    269,281        4,593,934   
   

 

 

 

Construction & Engineering—0.1%

   

Fluor Corp.

    69,340        3,902,455   
   

 

 

 
   

Diversified Financial Services—3.7%

   

JPMorgan Chase & Co.

    2,102,781      $ 85,120,575   

Moody’s Corp. (b)

    299,410        13,224,939   
   

 

 

 
      98,345,514   
   

 

 

 

Diversified Telecommunication Services—2.3%

  

AT&T, Inc.

    1,663,911        62,729,445   
   

 

 

 

Electric Utilities—0.2%

   

PPL Corp.

    175,456        5,096,997   
   

 

 

 

Energy Equipment & Services—0.2%

   

Transocean, Ltd.

    141,203        6,338,603   
   

 

 

 

Food & Staples Retailing—1.4%

   

CVS Caremark Corp.

    687,964        33,311,217   

Walgreen Co.

    147,760        5,384,374   
   

 

 

 
      38,695,591   
   

 

 

 

Food Products—4.2%

   

Danone (EUR)

    409,417        25,246,545   

General Mills, Inc.

    997,016        39,731,087   

Kellogg Co.

    229,507        11,856,332   

Nestle S.A. (CHF)

    466,970        29,456,999   

The J.M. Smucker Co.

    85,860        7,412,294   
   

 

 

 
      113,703,257   
   

 

 

 

Health Care Equipment & Supplies—2.6%

  

Becton, Dickinson & Co.

    200,514        15,752,380   

Medtronic, Inc.

    715,100        30,835,112   

St. Jude Medical, Inc.

    564,152        23,767,724   
   

 

 

 
      70,355,216   
   

 

 

 

Health Care Providers & Services—0.6%

   

Quest Diagnostics, Inc.

    235,880        14,961,868   
   

 

 

 

Hotels, Restaurants & Leisure—0.3%

   

McDonald’s Corp.

    86,600        7,945,550   
   

 

 

 

Household Durables—1.2%

   

Stanley Black & Decker, Inc.

    413,971        31,565,289   
   

 

 

 

Household Products—0.5%

   

The Procter & Gamble Co.

    192,302        13,338,067   
   

 

 

 

Industrial Conglomerates—2.8%

   

3M Co.

    493,308        45,591,525   

Danaher Corp.

    553,912        30,548,247   
   

 

 

 
      76,139,772   
   

 

 

 

Insurance—7.1%

   

ACE, Ltd.

    389,723        29,463,059   

Aon plc

    503,439        26,324,825   

Prudential Financial, Inc.

    838,652        45,714,921   

The Chubb Corp.

    509,064        38,831,402   

The Travelers Cos., Inc.

    743,675        50,763,255   
   

 

 

 
      191,097,462   
   

 

 

 

 

MSF-152


Table of Contents

Metropolitan Series Fund

 

MFS Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  
   

IT Services—6.2%

   

Accenture plc

    866,929      $ 60,711,038   

Fiserv, Inc. (a)

    175,480        12,990,785   

International Business Machines Corp.

    264,971        54,968,234   

MasterCard, Inc.

    30,365        13,709,190   

The Western Union Co.

    1,366,506        24,897,739   
   

 

 

 
      167,276,986   
   

 

 

 

Leisure Equipment & Products—0.9%

   

Hasbro, Inc. (b)

    607,861        23,202,054   
   

 

 

 

Life Sciences Tools & Services—0.9%

   

Thermo Fisher Scientific, Inc.

    400,998        23,590,712   
   

 

 

 

Machinery—1.0%

   

Eaton Corp. (b)

    439,112        20,752,433   

Pentair, Ltd.

    152,498        6,748,044   
   

 

 

 
      27,500,477   
   

 

 

 

Media—5.5%

   

Comcast Corp. (Class A)

    736,540        25,631,592   

Omnicom Group, Inc. (b)

    599,767        30,923,987   

The McGraw-Hill Cos., Inc.

    188,530        10,291,853   

The Walt Disney Co.

    934,090        48,834,225   

Viacom, Inc. (Class B)

    585,680        31,386,591   
   

 

 

 
      147,068,248   
   

 

 

 

Multi-Utilities—0.9%

   

PG&E Corp.

    427,447        18,239,164   

Public Service Enterprise Group, Inc.

    173,941        5,597,421   
   

 

 

 
      23,836,585   
   

 

 

 

Multiline Retail—1.7%

   

Kohl’s Corp.

    170,090        8,712,010   

Target Corp.

    578,370        36,709,144   
   

 

 

 
      45,421,154   
   

 

 

 

Oil, Gas & Consumable Fuels—7.1%

   

Apache Corp.

    204,329        17,668,329   

Chevron Corp.

    520,901        60,716,221   

EOG Resources, Inc.

    154,450        17,306,122   

Exxon Mobil Corp.

    540,823        49,458,263   

Occidental Petroleum Corp.

    529,512        45,569,803   
   

 

 

 
      190,718,738   
   

 

 

 

Pharmaceuticals—9.1%

   

Abbott Laboratories

    634,276        43,485,963   

Johnson & Johnson (b)

    1,006,661        69,369,009   

Merck & Co., Inc.

    595,737        26,867,739   

Pfizer, Inc.

    3,623,531        90,044,745   

Roche Holding AG(CHF)

    76,103        14,216,454   
   

 

 

 
      243,983,910   
   

 

 

 

Professional Services—0.5%

   

The Dun & Bradstreet Corp.

    160,793        12,802,339   
   

 

 

 
   

Road & Rail—0.5%

   

Canadian National Railway Co.

    142,355      $ 12,559,982   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.8%

  

Intel Corp.

    917,047        20,798,626   
   

 

 

 

Software—1.7%

   

Oracle Corp.

    1,442,876        45,436,165   
   

 

 

 

Specialty Retail—0.9%

   

Advance Auto Parts, Inc.

    199,171        13,631,263   

Staples, Inc. (b)

    797,800        9,190,656   
   

 

 

 
      22,821,919   
   

 

 

 

Tobacco—5.3%

   

Altria Group, Inc.

    444,796        14,851,739   

Lorillard, Inc.

    225,300        26,236,185   

Philip Morris International, Inc.

    1,135,347        102,113,109   
   

 

 

 
      143,201,033   
   

 

 

 

Wireless Telecommunication Services—1.9%

  

Vodafone Group plc (GBP)

    17,545,257        49,934,875   
   

 

 

 

Total Common Stock
(Identified Cost $2,086,367,380)

      2,648,684,922   
   

 

 

 
Convertible Preferred Stock—0.2%   

Aerospace & Defense—0.1%

   

United Technologies Corp.

    50,090        2,810,049   
   

 

 

 

Electric Utilities—0.1%

   

PPL Corp.

    64,470        3,452,368   
   

 

 

 

Total Convertible Preferred Stock
(Identified Cost $5,744,846)

      6,262,417   
   

 

 

 
Short Term Investments—7.1%   

Mutual Funds—6.2%

   

State Street Navigator Securities Lending Prime Portfolio (c)

    167,421,112        167,421,112   
   

 

 

 

Repurchase Agreement—0.9%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $22,732,019 on 10/01/12 collateralized by $23,130,000 Federal Home Loan Mortgage Corp. 0.550% due 02/13/15 with a value of $23,187,825.

  $ 22,732,000        22,732,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $190,153,112)

      190,153,112   
   

 

 

 

Total Investments—106.1%
(Identified Cost $2,282,265,338) (d)

      2,845,100,451   

Liabilities in excess of other assets

      (163,378,497
   

 

 

 
Net Assets—100.0%     $ 2,681,721,954   
   

 

 

 

 

MSF-153


Table of Contents

Metropolitan Series Fund

 

MFS Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $163,216,486 and the collateral received consisted of cash in the amount of $167,421,112. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $2,282,265,338. The aggregate unrealized appreciation and depreciation of investments was $612,052,148 and $(49,217,035), respectively, resulting in net unrealized appreciation of $562,835,113.
(CHF)— Swiss Franc
(EUR)— Euro
(GBP)— British Pound

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Aerospace & Defense

   $ 215,145,007       $ —         $ —         $ 215,145,007   

Air Freight & Logistics

     36,232,312         —           —           36,232,312   

Auto Components

     38,717,119         —           —           38,717,119   

Automobiles

     4,699,695         —           —           4,699,695   

Beverages

     24,594,089         48,992,504         —           73,586,593   

Capital Markets

     173,562,347         —           —           173,562,347   

Chemicals

     59,207,602         —           —           59,207,602   

Commercial Banks

     81,091,540         —           —           81,091,540   

Commercial Services & Supplies

     20,814,992         —           —           20,814,992   

Communications Equipment

     6,664,892         —           —           6,664,892   

Computers & Peripherals

     4,593,934         —           —           4,593,934   

Construction & Engineering

     3,902,455         —           —           3,902,455   

Diversified Financial Services

     98,345,514         —           —           98,345,514   

Diversified Telecommunication Services

     62,729,445         —           —           62,729,445   

Electric Utilities

     5,096,997         —           —           5,096,997   

Energy Equipment & Services

     6,338,603         —           —           6,338,603   

Food & Staples Retailing

     38,695,591         —           —           38,695,591   

Food Products

     58,999,713         54,703,544         —           113,703,257   

Health Care Equipment & Supplies

     70,355,216         —           —           70,355,216   

Health Care Providers & Services

     14,961,868         —           —           14,961,868   

Hotels, Restaurants & Leisure

     7,945,550         —           —           7,945,550   

 

MSF-154


Table of Contents

Metropolitan Series Fund

 

MFS Value Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Household Durables

   $ 31,565,289       $ —         $ —         $ 31,565,289   

Household Products

     13,338,067         —           —           13,338,067   

Industrial Conglomerates

     76,139,772         —           —           76,139,772   

Insurance

     191,097,462         —           —           191,097,462   

IT Services

     167,276,986         —           —           167,276,986   

Leisure Equipment & Products

     23,202,054         —           —           23,202,054   

Life Sciences Tools & Services

     23,590,712         —           —           23,590,712   

Machinery

     27,500,477         —           —           27,500,477   

Media

     147,068,248         —           —           147,068,248   

Multi-Utilities

     23,836,585         —           —           23,836,585   

Multiline Retail

     45,421,154         —           —           45,421,154   

Oil, Gas & Consumable Fuels

     190,718,738         —           —           190,718,738   

Pharmaceuticals

     229,767,456         14,216,454         —           243,983,910   

Professional Services

     12,802,339         —           —           12,802,339   

Road & Rail

     12,559,982         —           —           12,559,982   

Semiconductors & Semiconductor Equipment

     20,798,626         —           —           20,798,626   

Software

     45,436,165         —           —           45,436,165   

Specialty Retail

     22,821,919         —           —           22,821,919   

Tobacco

     143,201,033         —           —           143,201,033   

Wireless Telecommunication Services

     —           49,934,875         —           49,934,875   

Total Common Stock

     2,480,837,545         167,847,377         —           2,648,684,922   

Total Convertible Preferred Stock*

     6,262,417         —           —           6,262,417   
Short Term Investments            

Mutual Funds

     167,421,112         —           —           167,421,112   

Repurchase Agreement

     —           22,732,000         —           22,732,000   

Total Short Term Investments

     167,421,112         22,732,000         —           190,153,112   

Total Investments

   $ 2,654,521,074       $ 190,579,377       $ —         $ 2,845,100,451   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-155


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—95.4% of Net Assets

 

Security Description   Shares     Value  
   
   

Australia—8.5%

   

AGL Energy, Ltd.

    41,243      $ 640,875   

ALS, Ltd

    24,515        217,470   

Alumina, Ltd. (a)

    191,453        167,223   

Amcor, Ltd.

    83,008        668,065   

AMP, Ltd.

    206,717        926,929   

APA Group (a)

    39,292        193,645   

Asciano Group

    79,670        358,728   

ASX, Ltd.

    14,311        439,118   

Australia & New Zealand Banking Group, Ltd.

    190,924        4,895,887   

Bendigo Bank, Ltd.

    23,062        183,671   

BGP Holdings plc (b)

    713,624        0   

BHP Billiton, Ltd.

    229,733        7,891,189   

Boral, Ltd. (a)

    61,162        243,227   

Brambles, Ltd.

    111,315        809,551   

Caltex Australia, Ltd.

    9,532        163,075   

Centro Retail Australia (REIT) (c)

    91,872        199,637   

CFS Retail Property Trust Group (REIT)

    151,292        303,559   

Coca-Cola Amatil, Ltd.

    42,510        597,360   

Cochlear, Ltd. (a)

    4,760        331,585   

Commonwealth Bank of Australia (a)

    112,612        6,508,974   

Computershare, Ltd.

    29,681        255,241   

Crown, Ltd. (a)

    29,464        277,898   

CSL, Ltd.

    37,652        1,795,428   

Dexus Property Group (REIT)

    302,183        298,434   

Echo Entertainment Group, Ltd. (a) (c)

    52,682        208,932   

Fortescue Metals Group, Ltd. (a) (c)

    100,245        359,099   

Goodman Group (REIT)

    110,907        456,450   

GPT Group (REIT)

    113,429        399,111   

Iluka Resources, Ltd. (a)

    29,031        293,864   

Incitec Pivot, Ltd.

    103,981        320,414   

Insurance Australia Group, Ltd.

    163,755        741,548   

James Hardie Industries NV

    30,172        271,757   

Leighton Holdings, Ltd.

    10,872        186,736   

Lend Lease Corp., Ltd.

    37,629        305,973   

Macquarie Group, Ltd.

    23,611        694,959   

Metcash, Ltd.

    63,044        231,403   

Mirvac Group (REIT)

    222,329        329,772   

National Australia Bank, Ltd. (a)

    159,525        4,213,636   

Newcrest Mining, Ltd.

    54,807        1,633,082   

Orica, Ltd.

    26,176        674,424   

Origin Energy, Ltd. (c)

    78,717        926,175   

OZ Minerals, Ltd.

    25,908        180,645   

QBE Insurance Group, Ltd.

    82,246        1,103,764   

QR National, Ltd. (c)

    113,644        401,550   

Ramsay Health Care, Ltd.

    8,883        221,368   

Rio Tinto, Ltd.

    31,217        1,716,929   

Santos, Ltd.

    67,710        795,476   

Sims Group, Ltd. (a)

    9,738        96,176   

Sonic Healthcare, Ltd.

    24,290        342,197   

SP AusNet

    106,030        115,204   

Stockland (REIT)

    170,116        589,209   

Suncorp Group, Ltd.

    97,160        933,122   

TABCORP Holdings, Ltd.

    43,902        125,960   

Tattersall’s, Ltd.

    117,840        331,192   

Telstra Corp., Ltd.

    304,819        1,239,689   

Toll Holdings, Ltd. (a)

    41,980        192,442   

Transurban Group

    94,803        590,387   

Wesfarmers, Ltd.

    71,781        2,556,478   

Westfield Group (REIT)

    153,357        1,614,551   
   

Australia—(Continued)

   

Westfield Retail Trust (REIT) (c)

    193,580      $ 580,141   

Westpac Banking Corp.

    216,848        5,583,630   

Whitehaven Coal, Ltd.

    31,800        93,809   

Woodside Petroleum, Ltd.

    46,091        1,580,098   

Woolworths, Ltd.

    86,801        2,590,458   

WorleyParsons, Ltd.

    14,841        434,090   
   

 

 

 
      64,622,669   
   

 

 

 

Austria—0.3%

   

Andritz AG

    5,184        294,633   

Erste Group Bank AG

    16,002        359,077   

IMMOEAST Anspr Nachb (a) (b) (c)

    27,192        0   

Immofinanz AG

    66,338        241,232   

OMV AG

    11,229        393,977   

Raiffeisen Bank International AG (a)

    3,490        127,078   

Telekom Austria AG

    22,221        157,388   

Voestalpine AG

    7,335        220,640   

Wiener Staedtische Versicherung AG

    2,911        123,822   
   

 

 

 
      1,917,847   
   

 

 

 

Belgium—1.1%

   

Ageas

    15,573        374,575   

Anheuser-Busch InBev NV

    57,402        4,915,803   

Belgacom S.A.

    10,680        326,666   

Colruyt S.A. (a)

    5,430        237,157   

Delhaize Group S.A.

    6,756        261,411   

Groupe Bruxelles Lambert S.A.

    5,072        377,270   

KBC Groep NV

    13,039        314,963   

Solvay S.A.

    4,497        522,771   

Telenet Group Holding NV (c)

    4,184        187,313   

UCB S.A. (a)

    7,958        438,434   

Umicore S.A. (a)

    8,519        447,209   
   

 

 

 
      8,403,572   
   

 

 

 

Denmark—1.2%

   

AP Moller-Maersk A/S (Series A)

    35        237,785   

AP Moller-Maersk A/S (Series B)

    102        731,989   

Carlsberg A/S (Class B)

    7,997        709,947   

Coloplast A/S (a)

    1,846        385,021   

Danske Bank A/S

    44,352        802,517   

DSV A/S

    13,261        298,757   

Novo Nordisk A/S

    29,002        4,582,954   

Novozymes A/S

    16,065        443,654   

TDC A/S

    36,431        265,836   

Tryg A/S

    1,747        113,680   

William Demant Holding A/S (c)

    1,624        145,819   
   

 

 

 
      8,717,959   
   

 

 

 

Finland—0.7%

   

Elisa Oyj

    9,437        213,835   

Fortum Oyj

    31,487        581,275   

Kesko Oyj (a)

    4,472        126,838   

Kone Oyj

    11,180        776,223   

Metso Oyj

    10,185        366,319   

Nokia Oyj (a)

    264,520        682,106   

Nokian Renkaat Oyj (a)

    7,322        299,460   

Orion Oyj (Series B) (a)

    10,345        221,900   

 

MSF-156


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Finland—(Continued)

   

Pohjola Bank plc

    9,006      $ 118,986   

Sampo Oyj

    31,313        977,836   

Stora Enso Oyj (a)

    40,497        251,791   

UPM-Kymmene Oyj

    38,111        432,847   

Wartsila Oyj (a)

    12,482        434,283   
   

 

 

 
      5,483,699   
   

 

 

 

France—8.5%

   

Accor S.A.

    9,539        319,518   

Aeroports de Paris

    2,209        176,593   

Air Liquide S.A.

    22,345        2,778,632   

Alcatel-Lucent S.A. (a)

    171,297        189,979   

Alstom S.A.

    14,355        505,818   

Arkema S.A.

    4,440        417,551   

Atos Origin S.A.

    3,177        222,168   

AXA S.A.

    124,701        1,865,499   

BNP Paribas S.A.

    69,177        3,310,075   

Bouygues S.A. (a)

    12,810        314,072   

Bureau Veritas S.A. (c)

    3,765        386,880   

Cap Gemini S.A.

    9,755        414,646   

Carrefour S.A.

    40,028        833,118   

Casino Guichard-Perrachon S.A. (c)

    4,364        387,381   

Christian Dior S.A.

    3,598        484,741   

Cie de Saint-Gobain

    28,810        1,016,696   

Cie Generale d’Optique Essilor International S.A.

    13,981        1,312,527   

Cie Generale de Geophysique-Veritas S.A. (c)

    8,260        261,414   

CNP Assurances S.A.

    10,520        137,773   

Compagnie Générale des Etablissements Michelin (Class B)

    12,929        1,017,567   

Credit Agricole S.A.

    61,682        428,837   

Danone

    41,811        2,581,168   

Dassault Systemes S.A. (a)

    4,077        429,975   

Edenred S.A.

    13,167        371,049   

EDF S.A.

    17,389        365,543   

Entrepots Magasins Generaux de Paris (REIT) (a)

    2,071        169,220   

Eutelsat Communications S.A.

    8,516        273,846   

Fonciere Des Regions

    1,625        122,464   

France Telecom S.A.

    132,420        1,602,652   

GDF Suez (a)

    88,668        1,989,321   

Gecina S.A. (REIT)

    1,319        135,420   

Groupe Eurotunnel S.A.

    42,941        303,433   

Imerys S.A. (c)

    2,253        132,812   

JC Decaux S.A. (a)

    4,428        100,850   

Klepierre S.A. (REIT)

    8,184        287,698   

L’Oreal S.A.

    17,223        2,135,999   

Lafarge S.A.

    13,327        721,617   

Lagardere S.C.A.

    8,303        227,679   

Legrand S.A.

    16,158        611,415   

lliad S.A.

    1,838        299,863   

LVMH Moet Hennessy Louis Vuitton S.A.

    18,030        2,722,047   

Natixis (c)

    61,277        194,015   

Pernod-Ricard S.A.

    15,093        1,698,003   

Peugoet S.A. (a)

    17,387        138,039   

PPR S.A.

    5,572        858,553   

Publicis Groupe S.A. (a)

    12,590        706,692   

Remy Cointreau S.A.

    1,600        184,218   

Renault S.A.

    12,949        611,011   

Rexel S.A.

    7,719        155,815   

Safran S.A.

    16,367        590,633   
   

France—(Continued)

   

Sanofi-Aventis S.A.

    84,322      $ 7,211,691   

Schneider Electric S.A.

    37,151        2,209,089   

Scor SE

    11,686        301,414   

SES S.A.

    20,693        564,315   

Société BIC S.A.

    1,753        212,331   

Société Générale S.A.

    49,798        1,421,961   

Sodexo S.A.

    6,625        499,936   

Suez Environnement S.A.

    22,682        257,735   

Technip S.A.

    6,959        777,358   

Thales S.A.

    6,811        234,826   

Total S.A.

    151,846        7,561,171   

Unibail-Rodamco SE (REIT) (a)

    6,587        1,316,586   

Vallourec S.A.

    8,091        343,822   

Veolia Environnement S.A.

    23,240        250,641   

Vinci S.A.

    32,357        1,384,434   

Vivendi S.A.

    92,302        1,806,759   

Wendel S.A.

    2,267        191,970   

Zodiac Aerospace S.A.

    2,442        238,481   
   

 

 

 
      64,287,055   
   

 

 

 

Germany—7.7%

   

Adidas AG

    15,345        1,261,601   

Allianz SE

    32,517        3,876,201   

Axel Springer AG

    3,006        130,548   

BASF SE

    65,700        5,557,748   

Bayer AG

    59,158        5,095,811   

Bayerische Motoren Werke AG

    23,534        1,727,246   

Beiersdorf AG

    6,805        500,411   

Brenntag AG (c)

    3,310        424,737   

Celesio AG

    6,111        109,159   

Commerzbank AG

    246,007        441,461   

Continental AG

    5,500        540,180   

Daimler AG

    64,808        3,146,957   

Deutsche Bank AG

    66,512        2,635,211   

Deutsche Boerse AG

    14,609        809,964   

Deutsche Lufthansa AG

    17,782        241,807   

Deutsche Post AG

    58,202        1,139,165   

Deutsche Telekom AG

    200,986        2,476,275   

E.ON AG

    128,846        3,065,484   

Fraport AG (a)

    2,305        133,659   

Fresenius Medical Care AG

    14,375        1,056,256   

Fresenius SE

    8,867        1,031,461   

GEA Group AG

    14,333        434,783   

Hannover Rueckversicherung AG

    3,778        241,980   

HeidelbergCement AG

    9,200        483,560   

Henkel AG & Co. KGaA

    10,189        665,824   

Hochtief AG

    2,679        125,889   

Hugo Boss AG

    1,510        133,165   

Infineon Technologies AG (c)

    73,323        465,785   

K&S AG

    11,843        584,226   

Kabel Deutschland Holding AG (a) (c)

    6,250        447,041   

Lanxess AG

    5,523        459,020   

Linde AG

    13,128        2,265,923   

MAN AG

    3,045        279,426   

Merck KGaA

    4,259        526,251   

Metro AG

    8,734        261,730   

Müenchener Rüeckversicherungs AG

    12,534        1,960,708   

RWE AG

    34,949        1,568,143   

Salzgitter AG

    2,440        94,532   

 

MSF-157


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Germany—(Continued)

   

SAP AG

    65,822      $ 4,672,794   

Siemens AG

    58,849        5,883,401   

Suedzucker AG (a)

    4,518        160,243   

ThyssenKrupp AG

    26,592        566,820   

United Internet AG (a)

    8,781        179,362   

Volkswagen AG

    1,873        314,025   
   

 

 

 
      58,175,973   
   

 

 

 

Greece—0.1%

   

Coca-Cola Hellenic Bottling Co. S.A.

    13,794        257,777   

OPAP S.A.

    15,835        81,702   
   

 

 

 
      339,479   
   

 

 

 

Hong Kong—3.0%

   

AIA Group, Ltd. (c)

    730,800        2,699,181   

ASM Pacific Technology, Ltd. (a)

    14,200        167,901   

Bank of East Asia, Ltd. (a)

    101,720        379,786   

BOC Hong Kong Holdings, Ltd.

    253,965        804,832   

Cathay Pacific Airways, Ltd. (a)

    87,000        141,224   

Cheung Kong Holdings, Ltd.

    97,000        1,416,334   

Cheung Kong Infrastructure Holdings, Ltd. (a)

    33,000        200,310   

CLP Holdings, Ltd.

    139,877        1,189,299   

First Pacific Co., Ltd.

    154,000        166,957   

Galaxy Entertainment Group, Ltd. (c)

    106,000        354,879   

Hang Lung Group, Ltd.

    73,000        461,623   

Hang Lung Properties, Ltd.

    161,000        549,809   

Hang Seng Bank, Ltd. (a)

    56,300        862,935   

Henderson Land Development Co., Ltd.

    73,000        521,259   

Hong Kong & China Gas Co.

    365,425        919,327   

Hong Kong Exchanges & Clearing, Ltd. (a)

    73,400        1,103,927   

Hopewell Holdings, Ltd.

    50,000        172,074   

Hutchison Whampoa, Ltd.

    149,000        1,436,327   

Hysan Development Co., Ltd.

    45,000        204,032   

Kerry Properties, Ltd.

    46,500        234,692   

Li & Fung, Ltd. (a)

    429,600        664,904   

MGM China Holdings, Ltd. (c)

    71,200        122,894   

MTR Corp.

    95,000        360,131   

New World Development, Ltd.

    261,531        402,652   

NWS Holdings, Ltd.

    93,000        149,883   

PCCW, Ltd.

    283,000        115,490   

Power Assets Holdings, Ltd.

    99,549        844,597   

Sands China, Ltd. (c)

    165,200        612,405   

Shangri-La Asia, Ltd.

    109,540        212,530   

Sino Land Co.

    193,600        360,033   

SJM Holdings, Ltd.

    141,000        305,020   

Sun Hung Kai Properties, Ltd.

    112,000        1,639,919   

Swire Pacific, Ltd.

    51,817        632,667   

The Link Real Estate Investment Trust (REIT)

    161,141        762,581   

Wharf Holdings, Ltd.

    104,976        721,446   

Wheelock & Co., Ltd.

    68,000        291,909   

Wing Hang Bank, Ltd.

    13,500        126,551   

Wynn Macau, Ltd. (a) (c)

    104,000        281,445   

Yue Yuen Industrial Holdings, Ltd.

    50,500        169,922   
   

 

 

 
      22,763,687   
   

 

 

 

Ireland—0.4%

   

CRH plc

    53,933        1,040,590   

Elan Corp. plc (c)

    36,869        397,597   
   

Ireland—(Continued)

   

Kerry Group plc

    11,180      $ 572,470   

WPP plc

    91,722        1,248,864   
   

 

 

 
      3,259,521   
   

 

 

 

Israel—0.6%

   

Bank Hapoalim B.M.

    72,497        257,982   

Bank Leumi le-Israel B.M.

    101,093        281,389   

Bezeq Israeli Telecommunication Corp., Ltd.

    178,026        206,627   

Israel Chemicals, Ltd.

    29,917        362,637   

Mellanox Technologies, Ltd. (c)

    2,789        289,592   

NICE Systems, Ltd. (c)

    5,213        173,753   

Teva Pharmaceutical Industries, Ltd.

    68,771        2,843,450   
   

 

 

 
      4,415,430   
   

 

 

 

Italy—2.0%

   

Assicuraziono Generali S.p.A.

    82,143        1,185,856   

Atlantia S.p.A.

    22,767        354,711   

Banca Monte dei Paschi di Siena S.p.A. (a)

    345,338        100,009   

Banco Popolare S.C.

    124,102        187,002   

Enel Green Power S.p.A (c)

    151,622        257,228   

Enel S.p.A.

    475,033        1,685,926   

ENI S.p.A. (a)

    180,677        3,968,716   

Exor S.p.A

    4,938        124,797   

Fiat Industrial S.p.A. (c)

    61,911        607,992   

Fiat S.p.A.

    59,813        320,842   

Finmeccanica S.p.A. (a)

    28,782        137,351   

Intesa Sanpaolo S.p.A.

    731,738        1,120,350   

Luxottica Group S.p.A.

    9,343        330,105   

Mediaset S.p.A.

    53,312        100,592   

Mediobanca S.p.A.

    44,816        240,736   

Pirelli & C. S.p.A. (a)

    17,048        184,406   

Prysmian S.p.A.

    13,126        235,246   

Saipem S.p.A.

    18,391        887,025   

Snam Rete Gas S.p.A.

    112,113        498,200   

Telecom Italia S.p.A.

    668,281        672,294   

Telecom Italia S.p.A.-RNC

    491,217        431,297   

Terna Rete Elettrica Nazionale S.p.A.

    92,170        344,470   

UniCredit S.p.A.

    294,576        1,232,745   

Unione di Banche Italiane SCPA

    56,320        209,361   
   

 

 

 
      15,417,257   
   

 

 

 

Japan—19.2%

   

Advantest Corp. (a)

    11,800        153,756   

Aeon Co., Ltd. (a)

    41,000        464,373   

Aeon Mall Co., Ltd. (a)

    6,200        152,124   

Air Water, Inc. (a)

    10,000        122,824   

Aisin Seiki Co., Ltd. (a)

    13,000        370,600   

Ajinomoto Co., Inc. (a)

    44,000        691,202   

Alfresa Holdings Corp.

    3,000        148,318   

All Nippon Airways Co., Ltd. (a)

    84,000        177,033   

Amada Co., Ltd. (a)

    27,000        118,575   

Aozora Bank, Ltd. (a)

    44,000        135,083   

Asahi Breweries, Ltd.

    30,100        744,072   

Asahi Glass Co., Ltd. (a)

    72,000        480,803   

Asahi Kasei Corp. (a)

    98,000        507,316   

Asics Corp.

    11,000        148,792   

Astellas Pharma, Inc. (a)

    32,400        1,650,697   

Benesse Corp. (a)

    5,000        242,683   

 

MSF-158


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Japan—(Continued)

   

Bridgestone Corp.

    46,800      $ 1,087,907   

Brother Industries, Ltd. (a)

    16,400        152,472   

Canon, Inc.

    81,200        2,606,643   

Casio Computer Co., Ltd.

    16,900        119,409   

Central Japan Railway Co.

    10,400        915,089   

Chiyoda Corp. (a)

    11,000        171,512   

Chubu Electric Power Co., Inc. (a)

    47,800        624,674   

Chugai Pharmaceutical Co., Ltd.

    15,100        317,176   

Chuo Mitsui Trust Holdings, Inc. (a)

    217,262        647,273   

Citizen Holdings Co., Ltd.

    20,000        101,370   

Credit Saison Co., Ltd. (a)

    10,500        254,497   

Dai Nippon Printing Co., Ltd. (a)

    40,000        279,535   

Daicel Chemical Industries, Ltd.

    22,000        132,270   

Daido Steel Co., Ltd. (a)

    21,000        97,900   

Daihatsu Motor Co., Ltd. (a)

    14,000        234,100   

Daiichi Sankyo Co., Ltd. (a)

    51,200        848,648   

Daikin Industries, Ltd. (a)

    16,800        436,531   

Dainippon Sumitomo Pharma Co., Ltd. (a)

    12,000        132,288   

Daito Trust Construction Co., Ltd. (a)

    5,000        504,367   

Daiwa House Industry Co., Ltd.

    37,000        538,510   

Daiwa Securities Group, Inc. (a)

    110,000        419,506   

Dena Co., Ltd. (a)

    6,700        221,231   

Denki Kagaku Kogyo K.K. (a)

    35,000        108,775   

Denso Corp. (a)

    35,000        1,101,754   

Dentsu, Inc. (a)

    12,700        323,045   

East Japan Railway Co.

    24,400        1,620,916   

Eisai Co., Ltd. (a)

    18,200        821,656   

Electric Power Development Co., Ltd. (a)

    8,800        231,312   

FamilyMart Co., Ltd.

    4,300        212,099   

Fanuc, Ltd.

    13,700        2,213,282   

Fast Retailing Co., Ltd. (a)

    3,700        859,670   

Fuji Heavy Industries, Ltd. (a)

    42,000        349,475   

FUJIFILM Holdings Corp. (a)

    32,600        547,566   

Fujitsu, Ltd. (a)

    135,000        507,999   

Fukuoka Financial Group, Inc.

    53,000        215,843   

Gree, Inc. (a)

    6,800        124,279   

Hakuhodo DY Holdings, Inc. (a)

    1,760        118,940   

Hamamatsu Photonics KK (a)

    4,800        165,315   

Hankyu Hanshin Holdings, Inc.

    83,000        449,353   

Hino Motors, Ltd. (a)

    19,000        124,695   

Hirose Electric Co., Ltd. (a)

    2,200        245,869   

Hisamitsu Pharmaceutical Co., Inc. (a)

    4,700        260,148   

Hitachi Chemical Co., Ltd. (a)

    7,300        98,917   

Hitachi Construction Machinary Co., Ltd. (a)

    6,400        103,807   

Hitachi High-Technologies Corp.

    4,700        113,665   

Hitachi Metals, Ltd. (a)

    12,000        105,986   

Hitachi, Ltd. (a)

    324,000        1,805,889   

Hokkaido Electric Power Co., Inc. (a)

    15,300        123,044   

Hokuriku Electric Power Co. (a)

    12,000        145,807   

Honda Motor Co., Ltd. (a)

    116,800        3,595,029   

Hoya Corp.

    30,100        663,145   

Ibiden Co., Ltd. (a)

    8,300        121,587   

Idemitsu Kosan Co., Ltd.

    1,600        130,940   

Ihi Corp. (a)

    99,000        221,233   

Inpex Corp.

    158        938,829   

Isetan Mitsukoshi Holdings, Ltd.

    22,600        236,338   

Isuzu Motors, Ltd.

    84,000        406,656   

Itochu Corp. (a)

    106,000        1,077,056   

J. Front Retailing Co., Ltd.

    30,000        168,805   
   

Japan—(Continued)

   

Japan Prime Realty Investment Corp. (REIT)

    49      $ 148,090   

Japan Real Estate Investment Corp. (REIT)

    40        403,993   

Japan Retail Fund Investment Corp. (REIT)

    135        241,994   

Japan Tobacco, Inc. (a)

    65,200        1,960,110   

JFE Holdings, Inc. (a)

    31,400        415,221   

JGC Corp. (a)

    14,000        468,482   

JS Group Corp. (a)

    18,800        449,751   

JSR Corp. (a)

    11,300        185,793   

JTEKT Corp. (a)

    20,700        164,025   

Jupiter Telecommunications Co., Ltd. (c)

    154        156,790   

JX Holdings, Inc. (a) (c)

    163,100        894,423   

Kajima Corp. (a)

    59,000        161,441   

Kamigumi Co., Ltd.

    17,000        140,386   

Kaneka Corp. (a)

    20,000        96,606   

Kansai Paint Co., Ltd. (a)

    15,000        165,755   

Kao Corp. (a)

    36,500        1,078,994   

Kawasaki Heavy Industries, Ltd.

    96,000        191,082   

KDDI Corp. (a)

    19,300        1,500,004   

Keihin Electric Express Railway Co., Ltd. (a)

    36,000        340,491   

Keio Corp. (a)

    45,000        339,998   

Keisei Electric Railway Co., Ltd. (a)

    20,000        181,178   

Keyence Corp.

    3,300        845,627   

Kikkoman Corp. (a)

    12,000        164,526   

Kintetsu Corp. (a)

    121,120        476,227   

Kirin Holdings Co., Ltd.

    62,000        831,588   

Kobe Steel, Ltd. (a)

    177,000        138,656   

Komatsu, Ltd. (a)

    68,100        1,343,944   

Konami Corp. (a)

    8,300        189,222   

Konica Minolta Holdings, Inc. (a)

    37,000        285,059   

Kubota Corp. (a)

    81,000        821,894   

Kuraray Co., Ltd. (a)

    24,500        279,177   

Kurita Water Industries, Ltd. (a)

    7,100        157,704   

Kyocera Corp.

    11,100        963,724   

Kyowa Hakko Kogyo Co., Ltd.

    20,000        242,325   

Kyushu Electric Power Co., Inc. (a)

    28,400        234,586   

Lawson, Inc. (a)

    4,900        377,683   

Makita Corp. (a)

    7,200        280,127   

Marubeni Corp. (a)

    113,000        722,762   

Marui Group Co., Ltd. (a)

    16,000        113,658   

Matsushita Electric Industrial Co., Ltd. (a)

    154,900        1,026,285   

Mazda Motor Corp. (a)

    180,000        210,295   

McDonald’s Holdings Co. Japan, Ltd. (a)

    5,000        142,681   

Medipal Holdings Corp.

    10,800        148,804   

MEIJI Holdings Co., Ltd. (a)

    5,100        253,950   

Miraca Holdings, Inc. (a)

    4,000        180,058   

Mitsubishi Chemical Holdings Corp. (a)

    95,500        366,723   

Mitsubishi Corp. (a)

    100,800        1,836,907   

Mitsubishi Electric Corp.

    136,000        1,004,620   

Mitsubishi Estate Co., Ltd. (a)

    88,000        1,688,744   

Mitsubishi Gas & Chemical Co., Inc.

    26,000        130,904   

Mitsubishi Heavy Industries, Ltd. (a)

    225,000        976,863   

Mitsubishi Logistics Corp. (a)

    9,000        107,399   

Mitsubishi Materials Corp. (a)

    79,000        249,571   

Mitsubishi Motors Corp. (a) (c)

    320,000        295,993   

Mitsubishi Tanabe Pharma Corp.

    15,000        228,817   

Mitsubishi UFJ Financial Group, Inc. (a)

    912,488        4,264,642   

Mitsubishi UFJ Lease & Finance Co., Ltd. (a)

    4,150        175,400   

Mitsui & Co., Ltd. (a)

    124,717        1,758,788   

Mitsui Chemicals, Inc. (a)

    57,000        111,293   

 

MSF-159


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Japan—(Continued)

   

Mitsui Fudosan Co., Ltd.

    60,000      $ 1,204,387   

Mitsui OSK Lines, Ltd. (a)

    75,000        175,270   

Mitsui Sumitomo Insurance Group (a)

    39,700        684,500   

Mizuho Financial Group, Inc. (a)

    1,636,000        2,656,418   

Murata Manufacturing Co., Ltd. (a)

    14,100        752,391   

Nabtesco Corp. (a)

    7,000        128,823   

Namco Bandai Holdings, Inc.

    12,500        211,738   

NEC Corp. (a)

    217,000        343,963   

Nexon Co., Ltd. (c)

    8,000        110,441   

NGK Insulators, Ltd. (a)

    17,000        204,120   

NGK Spark Plug Co., Ltd. (a)

    10,000        105,455   

NHK Spring Co., Ltd. (a)

    11,100        95,513   

Nidec Corp. (a)

    8,300        608,741   

Nikon Corp. (a)

    23,100        637,033   

Nintendo Co., Ltd. (a)

    7,500        946,008   

Nippon Building Fund, Inc. (REIT)

    47        507,996   

Nippon Electric Glass Co., Ltd. (a)

    28,000        154,047   

Nippon Express Co., Ltd.

    59,000        224,374   

Nippon Meat Packers, Inc. (a)

    14,000        180,245   

Nippon Steel Corp. (a)

    374,000        768,440   

Nippon Telephone & Telegraph Corp.

    31,300        1,489,818   

Nippon Yusen K.K. (a)

    101,000        178,991   

Nissan Motor Co., Ltd. (a)

    174,800        1,492,830   

Nisshin Seifun Group, Inc. (a)

    13,000        160,351   

Nissin Food Products Co., Ltd. (a)

    4,700        184,828   

Nitori Co., Ltd.

    2,650        246,713   

Nitto Denko Corp.

    12,900        616,257   

NKSJ Holdings, Inc. (a) (c)

    28,699        563,160   

NOK Corp. (a)

    8,300        133,175   

Nomura Holdings, Inc. (a)

    261,800        937,745   

Nomura Real Estate Holdings, Inc.

    7,000        123,342   

Nomura Real Estate Office Fund, Inc. (REIT)

    20        125,655   

Nomura Research Institute, Ltd. (a)

    6,200        127,333   

NSK, Ltd. (a)

    30,000        174,527   

NTT Data Corp. (a)

    111        347,512   

NTT DoCoMo, Inc. (a)

    1,096        1,782,925   

Obayashi Corp. (a)

    45,000        205,816   

Odakyu Electric Railway Co., Ltd. (a)

    44,000        464,210   

OJI Paper Co., Ltd. (a)

    68,000        207,891   

Olympus Corp. (a)

    16,000        312,370   

Omron Corp.

    13,600        261,986   

Ono Pharmaceutical Co., Ltd. (a)

    6,400        394,634   

Oracle Corp. Japan

    2,900        149,384   

Oriental Land Co., Ltd. (a)

    3,400        448,783   

ORIX Corp. (a)

    7,160        720,171   

Osaka Gas Co., Ltd. (a)

    127,000        561,432   

Otsuka Corp.

    1,200        107,487   

Otsuka Holdings Co., Ltd.

    26,000        808,645   

Rakuten, Inc.

    49,500        505,220   

Resona Holdings, Inc.

    132,700        545,455   

Ricoh Co., Ltd. (a)

    45,000        380,758   

Rinnai Corp. (a)

    2,800        208,317   

Rohm Co., Ltd. (a)

    6,700        226,178   

Sankyo Co., Ltd. (a)

    3,600        167,868   

Sanrio Co., Ltd. (a)

    3,300        117,632   

Santen Pharmaceutical Co., Ltd.

    5,500        253,352   

SBI Holdings, Inc. (a)

    19,110        123,436   

Secom Co., Ltd.

    15,800        826,169   

Sega Sammy Holdings, Inc. (a)

    17,300        328,396   
   

Japan—(Continued)

   

Sekisui Chemical Co., Ltd.

    28,000      $ 226,265   

Sekisui House, Ltd.

    46,000        457,959   

Seven & I Holdings Co., Ltd.

    53,100        1,635,658   

Seven Bank, Ltd. (a)

    40,900        125,069   

Sharp Corp. (a)

    77,000        191,305   

Shikoku Electric Power Co., Inc. (a)

    15,100        169,103   

Shimadzu Corp. (a)

    18,000        126,142   

Shimamura Co., Ltd.

    1,400        163,261   

Shimano, Inc.

    6,300        460,102   

Shimizu Corp. (a)

    37,000        125,014   

Shin-Etsu Chemical Co., Ltd.

    29,500        1,663,447   

Shinsei Bank, Ltd.

    100,000        129,708   

Shionogi & Co., Ltd. (a)

    19,400        296,354   

Shiseido Co., Ltd. (a)

    29,300        403,227   

Showa Denko K.K.

    129,000        205,435   

SMC Corp. (a)

    3,700        597,860   

Softbank Corp. (a)

    63,600        2,582,180   

Sojitz Corp. (a)

    113,600        147,383   

Sony Corp. (a)

    75,000        878,324   

Sony Financial Holdings, Inc. (a)

    12,800        218,729   

Stanley Electric Co., Ltd.

    11,800        175,190   

Sumitomo Chemical Co., Ltd. (a)

    109,000        278,533   

Sumitomo Corp. (a)

    81,000        1,095,585   

Sumitomo Electric Industries, Ltd. (a)

    56,334        596,849   

Sumitomo Heavy Industries, Ltd.

    39,000        133,701   

Sumitomo Metal Industries, Ltd. (a)

    239,000        361,265   

Sumitomo Metal Mining Co., Ltd. (a)

    40,000        503,175   

Sumitomo Mitsui Financial Group, Inc. (a)

    95,600        2,983,183   

Sumitomo Realty & Development Co., Ltd. (a)

    25,000        665,272   

Sumitomo Rubber Industries, Ltd.

    12,500        148,824   

Suruga Bank, Ltd.

    13,000        147,374   

Suzuken Co., Ltd.

    5,300        176,369   

Suzuki Motor Corp. (a)

    26,200        509,826   

Sysmex Corp. (a)

    6,600        317,573   

T&D Holdings, Inc.

    38,800        421,033   

Taiheiyo Cement Corp. (a)

    82,000        176,956   

Taisei Corp. (a)

    69,000        198,595   

Taisho Pharmaceutical Holdings Co., Ltd. (a)

    3,000        245,091   

Takashimaya Co., Ltd. (a)

    19,000        130,473   

Takeda Pharmaceutical Co., Ltd. (a)

    56,600        2,613,714   

TDK Corp. (a)

    8,400        313,393   

Teijin, Ltd. (a)

    66,000        161,909   

Terumo Corp. (a)

    10,800        466,117   

The Bank of Kyoto, Ltd. (a)

    22,000        186,333   

The Bank of Yokohama, Ltd.

    83,000        394,244   

The Chiba Bank, Ltd.

    64,000        372,096   

The Chugoku Bank, Ltd. (a)

    12,000        168,879   

The Chugoku Electric Power Co., Inc. (a)

    23,700        315,783   

The Dai-ichi Life Insurance Co., Ltd. (a)

    650        739,369   

The Gunma Bank, Ltd.

    26,000        131,839   

The Hachijuni Bank, Ltd.

    30,000        165,886   

The Iyo Bank, Ltd. (a)

    17,000        138,934   

The Japan Steel Works, Ltd. (a)

    21,000        117,315   

The Joyo Bank, Ltd. (a)

    54,000        263,835   

The Kansai Electric Power Co., Inc.

    54,200        420,603   

The Nishi-Nippon Bank, Ltd. (a)

    52,000        120,907   

The Shizuoka Bank, Ltd. (a)

    41,000        420,934   

The Tokyo Electric Power Co., Inc. (a)

    97,600        160,535   

THK Co., Ltd. (a)

    7,700        117,693   

 

MSF-160


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Japan—(Continued)

   

Tobu Railway Co., Ltd. (a)

    73,000      $ 393,971   

Toho Co., Ltd.

    8,500        156,224   

Toho Gas Co., Ltd. (a)

    31,000        206,442   

Tohoku Electric Power Co., Inc. (a)

    29,800        239,569   

Tokio Marine Holdings, Inc. (a)

    54,100        1,385,227   

Tokyo Electron, Ltd. (a)

    12,400        529,389   

Tokyo Gas Co., Ltd. (a)

    170,000        939,415   

Tokyu Corp. (a)

    76,000        364,289   

Tokyu Land Corp. (a)

    29,000        155,676   

TonenGeneral Sekiyu K.K. (a)

    18,000        156,259   

Toppan Printing Co., Ltd. (a)

    41,000        238,570   

Toray Industries, Inc. (a)

    111,000        658,746   

Toshiba Corp. (a)

    283,000        908,386   

TOTO, Ltd. (a)

    19,000        140,104   

Toyo Seikan Kaisha, Ltd.

    10,200        109,398   

Toyo Suisan Kaisha, Ltd. (a)

    6,000        150,508   

Toyota Industries Corp.

    12,600        353,590   

Toyota Motor Corp.

    197,400        7,769,153   

Toyota Tsusho Corp. (a)

    14,200        304,393   

Trend Micro, Inc.

    7,000        195,999   

Tsumura & Co. (a)

    3,900        122,513   

Ube Industries, Ltd. (a)

    68,000        146,729   

Unicharm Corp. (a)

    7,600        437,684   

USS Co., Ltd. (a)

    1,660        175,763   

West Japan Railway Co.

    11,700        500,774   

Yahoo! Japan Corp. (a)

    1,158        442,294   

Yakult Honsha Co., Ltd. (a)

    8,700        413,634   

Yamada Denki Co., Ltd. (a)

    5,590        245,736   

Yamaguchi Financial Group, Inc.

    15,000        121,810   

Yamaha Corp. (a)

    11,500        106,947   

Yamaha Motor Co., Ltd. (a)

    24,800        217,217   

Yamato Holdings Co., Ltd. (a)

    27,000        428,770   

Yamazaki Baking Co., Ltd. (a)

    9,000        120,696   

Yaskawa Electric Corp. (a)

    18,000        120,729   

Yokogawa Electric Corp. (a)

    16,300        188,859   
   

 

 

 
      145,835,544   
   

 

 

 

Luxembourg—0.2%

   

ArcelorMittal

    66,772        963,754   

Tenaris S.A.

    32,705        668,080   
   

 

 

 
      1,631,834   
   

 

 

 

Netherlands—2.6%

   

Aegon NV

    117,488        614,391   

Akzo Nobel NV

    16,759        950,372   

ASML Holding NV

    29,486        1,582,436   

Corio NV (REIT) (a)

    4,074        173,950   

DE Master Blenders (c)

    42,100        508,490   

Delta Lloyd NV

    9,946        152,515   

EADS NV (a)

    30,352        966,023   

Fugro NV

    4,445        303,483   

Gemalto NV

    5,659        499,048   

Heineken Holding NV

    8,238        401,293   

Heineken NV

    16,408        981,027   

ING Groep NV

    273,866        2,179,540   

Koninklijke Ahold NV

    72,518        910,105   

Koninklijke Boskalis Westminster NV

    6,001        217,791   

Koninklijke DSM NV

    10,134        507,164   
   

Netherlands—(Continued)

   

Koninklijke KPN NV

    76,902      $ 589,420   

Koninklijke Philips Electronics NV

    72,143        1,688,792   

Koninklijke Vopak NV

    4,391        309,131   

QIAGEN NV (c)

    14,898        274,459   

Randstad Holding NV

    9,402        313,702   

Reed Elsevier NV

    48,042        644,145   

SBM Offshore NV

    10,101        144,684   

STMicroelectronics NV

    44,693        242,012   

TNT Express NV (c)

    24,146        252,597   

Unilever NV

    116,475        4,130,704   

Wolters Kluwer NV

    22,877        431,364   
   

 

 

 
      19,968,638   
   

 

 

 

New Zealand—0.1%

   

Auckland International Airport, Ltd.

    63,428        138,082   

Contact Energy, Ltd.

    25,746        112,620   

Fletcher Building, Ltd.

    46,652        269,222   

Sky City Entertainment Group, Ltd.

    39,539        124,004   

Telecom Corp. of New Zealand, Ltd.

    132,317        261,263   
   

 

 

 
      905,191   
   

 

 

 

Norway—0.9%

   

Aker Solutions ASA

    11,775        224,141   

DnB NOR ASA

    66,462        818,012   

Gjensidige Forsikring ASA (c)

    14,357        199,500   

Norsk Hydro ASA

    59,320        278,979   

Orkla ASA

    54,230        412,737   

SeaDrill, Ltd. (a)

    25,063        981,581   

Statoil ASA

    79,797        2,065,634   

Subsea 7 S.A.

    18,500        428,853   

Telenor ASA

    50,522        986,827   

Yara International ASA

    14,441        725,801   
   

 

 

 
      7,122,065   
   

 

 

 

Portugal—0.2%

   

Energias de Portugal S.A.

    145,357        401,366   

Galp Energia, SGPS, S.A.

    18,188        296,010   

Jeronimo Martins, SGPS, S.A.

    16,641        278,261   

Portugal Telecom, SGPS, S.A. (a)

    48,993        242,974   
   

 

 

 
      1,218,611   
   

 

 

 

Singapore—1.8%

   

Ascendas Real Estate Investment Trust (REIT)

    163,000        319,622   

CapitaLand, Ltd. (a)

    174,000        449,175   

CapitaMall Trust (REIT)

    153,200        251,919   

CapitaMalls Asia, Ltd.

    101,000        135,447   

City Developments, Ltd. (a)

    34,000        324,322   

ComfortDelGro Corp., Ltd.

    153,000        213,572   

DBS Group Holdings, Ltd.

    132,467        1,547,839   

Fraser & Neave, Ltd. (a)

    70,000        505,232   

Genting Singapore plc (a) (c)

    418,200        465,383   

Global Logistic Properties, Ltd. (c)

    174,000        354,824   

Golden Agri-Resources, Ltd. (a)

    492,569        263,899   

Jardine Cycle & Carriage, Ltd.

    8,000        312,837   

Keppel Corp., Ltd.

    102,700        949,408   

Keppel Land, Ltd. (a)

    54,000        155,723   

Noble Group, Ltd.

    263,909        283,453   

 

MSF-161


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Singapore—(Continued)

   

Olam International, Ltd. (a)

    94,090      $ 156,292   

Oversea-Chinese Banking Corp., Ltd.

    183,880        1,396,296   

SembCorp Industries, Ltd.

    71,000        327,032   

SembCorp Marine, Ltd. (a)

    63,000        254,080   

Singapore Airlines, Ltd.

    36,940        322,919   

Singapore Exchange, Ltd. (a)

    56,000        318,577   

Singapore Press Holdings, Ltd. (a)

    107,250        355,515   

Singapore Technologies Engineering, Ltd.

    126,000        362,996   

Singapore Telecommunications, Ltd.

    557,820        1,452,754   

StarHub, Ltd.

    44,000        133,166   

United Overseas Bank, Ltd.

    88,392        1,411,938   

UOL Group, Ltd.

    33,000        153,741   

Wilmar International, Ltd. (a)

    130,000        342,935   

Yangzijiang Shipbuilding Holdings, Ltd. (a)

    105,000        83,402   
   

 

 

 
      13,604,298   
   

 

 

 

Spain—2.8%

   

Abertis Infraestructuras S.A.

    27,266        402,805   

ACS Actividades de Construccion y Servicios S.A. (a)

    9,579        198,368   

Amadeus IT Holding S.A. (c)

    21,923        512,417   

Banco de Sabadell S.A.

    201,617        544,007   

Banco Popular Espanol S.A. (a)

    97,435        213,921   

Banco Santander S.A.

    699,264        5,244,545   

Bankia S.A. (a) (c)

    74,737        124,951   

BBVA S.A. (a)

    382,607        3,028,525   

Cintra Concesiones de Infraestructuras de Transporte S.A. (a)

    31,917        416,777   

Criteria CaixaCorp. S.A. (c)

    56,169        211,369   

Distribuidora Internacional de Alimentacion S.A. (c)

    40,028        221,581   

Enagas S.A.

    15,504        306,922   

Gas Natural SDG S.A.

    24,586        349,343   

Grifols S.A.

    9,470        313,459   

Iberdrola S.A.

    269,227        1,226,209   

Inditex S.A.

    15,855        1,970,552   

International Consolidated Airlines Group S.A. (c)

    77,576        187,191   

Mapfre S.A.

    51,069        140,007   

Red Electrica Corporacion S.A.

    8,934        424,798   

Repsol YPF S.A.

    59,566        1,160,681   

Telefonica S.A.

    286,191        3,820,523   

Zardoya Otis S.A. (a)

    8,808        103,824   
   

 

 

 
      21,122,775   
   

 

 

 

Sweden—3.1%

   

Alfa Laval AB

    25,994        473,640   

Assa Abloy AB (Series B)

    24,301        790,192   

Atlas Copco AB (Series A)

    47,637        1,118,107   

Atlas Copco AB (Series B)

    26,827        564,258   

Boliden AB

    18,744        314,360   

Electrolux AB (a)

    17,118        424,615   

Elekta AB (a)

    26,324        348,729   

Getinge AB (Class B)

    13,484        408,113   

Hennes & Mauritz AB (Series B)

    67,700        2,362,025   

Hexagon AB (Series B)

    17,090        368,470   

Husqvarna AB (Series B)

    25,677        131,579   

Industrivarden AB

    8,655        124,353   

Investor AB

    33,352        737,337   

Kinnevik Investment AB

    14,418        300,425   
   

Sweden—(Continued)

   

LM Ericsson Telephone Co. (Class B)

    214,887      $ 1,963,614   

Lundin Petroleum AB (c)

    16,017        392,250   

Millicom International Cellular S.A. (c)

    5,199        483,619   

Modern Times Group AB

    3,471        153,965   

Nordea Bank AB

    183,884        1,828,941   

Ratos AB (a)

    13,548        120,014   

Sandvik AB

    74,433        1,016,077   

Scania AB

    21,772        401,569   

Securitas AB

    21,462        161,828   

Skandinaviska Enskilda Banken AB (Series A)

    98,379        827,935   

Skanska AB (a)

    30,532        496,146   

SKF AB

    26,654        577,991   

Svenska Cellulosa AB

    45,788        853,777   

Svenska Handelsbanken AB

    34,300        1,290,892   

Swedbank AB

    58,588        1,104,121   

Swedish Match AB

    14,499        588,106   

Tele2 AB

    21,032        383,065   

TeliaSonera AB

    149,892        1,082,533   

Volvo AB (Series B)

    99,557        1,404,400   
   

 

 

 
      23,597,046   
   

 

 

 

Switzerland—8.2%

   

ABB, Ltd.

    156,873        2,951,321   

Actelion, Ltd. (c)

    7,563        379,693   

Adecco S.A.

    8,604        411,026   

Aryzta AG

    5,635        270,756   

Baloise Holdings AG

    3,194        251,725   

Banque Cantonale Vaudoise

    215        111,565   

Barry Callebaut AG

    132        122,645   

Cie Financiere Richemont S.A.

    37,370        2,242,291   

Credit Suisse Group AG

    84,951        1,808,034   

GAM Holding, Ltd.

    13,088        170,961   

Geberit AG

    2,812        613,106   

Givaudan S.A.

    558        530,628   

Holcim, Ltd.

    16,305        1,039,071   

Julius Baer Group, Ltd.

    15,630        545,448   

Kuehne & Nagel International AG

    4,135        468,238   

Lindt & Spruengli AG

    7        253,129   

Lindt & Spruengli AG (Participation Certificate)

    55        174,241   

Lonza Group AG

    4,506        236,273   

Nestle S.A.

    234,047        14,774,948   

Novartis AG

    163,809        10,033,627   

Pargesa Holding S.A.

    1,694        112,401   

Partners Group Holding AG

    967        201,435   

Roche Holding AG

    50,250        9,393,965   

Schindler Holding AG

    1,428        176,607   

SGS S.A.

    415        853,068   

Sika AG

    137        279,961   

Sonova Holding AG

    3,960        400,986   

Sulzer AG

    1,649        240,384   

Swatch Group AG (Class A)

    3,213        224,115   

Swatch Group AG (Class B)

    2,110        842,255   

Swiss Life Holding AG (c)

    2,159        257,946   

Swiss Prime Site AG (c)

    3,485        288,130   

Swisscom AG

    1,743        701,761   

SwissRe, Ltd. (c)

    24,745        1,593,472   

Syngenta AG

    6,649        2,486,587   

Transocean, Ltd. (c)

    24,746        1,110,530   

UBS AG

    260,428        3,180,772   

 

MSF-162


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Switzerland—(Continued)

   

Zurich Financial Services AG

    10,424      $ 2,597,421   
   

 

 

 
      62,330,522   
   

 

 

 

United Kingdom—22.2%

   

3i Group plc (c)

    63,549        229,218   

Aberdeen Asset Management plc (a)

    61,345        308,936   

Admiral Group plc

    16,009        272,932   

Aggreko plc (a)

    18,556        694,899   

AMEC plc

    25,910        480,977   

Anglo American plc (c)

    98,636        2,903,573   

Antofagasta plc

    26,957        551,872   

ARM Holdings plc

    93,845        875,093   

Associated British Foods plc

    24,859        518,049   

AstraZeneca plc

    90,819        4,338,697   

Aviva plc

    205,068        1,059,655   

Babcock International Group plc

    24,050        360,611   

BAE Systems plc

    232,106        1,221,893   

Balfour Beatty plc

    43,332        213,103   

Barclays plc

    828,767        2,884,870   

BG Group plc

    242,462        4,909,637   

BHP Billiton plc

    151,074        4,717,880   

BP plc

    1,354,697        9,561,721   

British American Tobacco plc

    138,726        7,133,101   

British Land Co. plc (REIT)

    62,096        524,535   

British Sky Broadcasting plc

    82,126        986,638   

BT Group plc

    549,280        2,048,783   

Bunzl plc

    22,401        401,880   

Burberry Group plc

    32,742        531,645   

Capita Group plc

    48,717        610,390   

Capital Shopping Centres Group plc (REIT) (a)

    48,962        259,382   

Carnival plc (c)

    14,668        541,958   

Centrica plc

    370,138        1,961,864   

Cobham plc

    73,272        262,911   

Compass Group plc

    135,838        1,502,359   

Croda International plc

    9,658        378,799   

Diageo plc

    179,121        5,043,417   

Experian plc

    72,050        1,198,955   

Fresnillo plc

    11,783        354,136   

G4S plc

    106,542        457,927   

GKN plc

    107,131        372,419   

GlaxoSmithKline plc

    354,407        8,175,385   

Glencore International plc (a) (c)

    270,296        1,502,681   

Hammerson plc (REIT) (c)

    56,484        412,192   

HSBC Holdings plc

    1,288,114        11,952,566   

ICAP plc (a)

    36,213        188,364   

IMI plc

    22,920        334,125   

Imperial Tobacco Group plc

    69,936        2,592,316   

Inmarsat plc

    28,473        271,964   

Intercontinental Hotels Group plc (a)

    21,614        566,973   

Intertek Group plc

    10,631        471,268   

Invensys plc

    47,928        181,627   

Investec plc (a)

    41,855        259,148   

J. Sainsbury plc

    96,306        541,243   

Johnson Matthey plc

    13,894        542,707   

Kazakhmys plc

    13,920        156,537   

Kingfisher plc

    164,859        704,455   

Land Securities Group plc (REIT)

    52,350        644,500   

Legal & General Group plc

    429,168        917,068   

Lloyds Banking Group plc

    2,908,873        1,832,804   
   

United Kingdom—(Continued)

   

London Stock Exchange Group plc

    9,645      $ 147,103   

Lonmin plc (a)

    11,828        106,975   

Man Group plc

    133,525        178,296   

Marks & Spencer Group plc

    118,772        685,272   

Meggitt plc

    55,862        357,212   

Melrose plc (c)

    85,700        335,634   

National Grid plc

    254,654        2,811,141   

Next plc

    11,690        652,750   

Old Mutual plc

    337,381        928,764   

Pearson plc

    56,693        1,109,385   

Petrofac, Ltd.

    17,337        447,877   

Prudential plc

    179,978        2,335,366   

Randgold Resources, Ltd.

    6,351        782,122   

Reckitt Benckiser Group plc

    46,981        2,706,858   

Reed Elsevier plc (a)

    91,180        872,955   

Resolution, Ltd.

    99,349        348,872   

Rexam plc

    57,692        406,212   

Rio Tinto plc

    95,904        4,483,160   

Rolls-Royce Holdings plc

    133,971        1,828,351   

Royal Bank of Scotland Group plc (c)

    147,994        614,677   

Royal Dutch Shell plc (Class A)

    261,274        9,048,738   

Royal Dutch Shell plc (Class B)

    189,152        6,727,812   

RSA Insurance Group plc (a)

    285,556        510,428   

SABMiller plc

    67,778        2,981,754   

Schroders plc

    6,754        166,170   

Scottish & Southern Energy plc

    67,077        1,508,870   

Segro plc (REIT)

    61,844        226,859   

Serco Group plc (a)

    34,317        322,104   

Severn Trent plc

    16,575        449,549   

Shire plc

    39,190        1,160,000   

Smith & Nephew plc

    66,221        731,407   

Smiths Group plc

    25,680        430,676   

Standard Chartered plc (a) (c)

    170,192        3,855,139   

Standard Life plc

    171,497        757,708   

Tate & Lyle plc

    33,576        361,173   

Tesco plc

    573,416        3,076,739   

The Sage Group plc

    83,583        423,901   

The Weir Group plc (a)

    13,923        398,747   

TUI Travel plc

    32,223        122,080   

Tullow Oil plc

    67,146        1,489,388   

Unilever plc

    90,999        3,314,370   

United Utilities Group plc

    48,207        558,219   

Vendeta Resources plc (a)

    9,571        160,030   

Vodafone Group plc

    3,500,113        9,961,536   

Whitbread plc

    12,742        467,908   

WM Morrison Supermarkets plc

    168,319        776,230   

Wolseley plc (c)

    20,431        874,226   

Xstrata plc

    148,498        2,304,468   
   

 

 

 
      168,227,849   
   

 

 

 

Total Common Stock
(Identified Cost $743,967,424)

      723,368,521   
   

 

 

 
Exchange Traded Funds—3.1%                

United States—3.1%

   

iShares MSCI EAFE Index Fund (d)

    443,500        23,505,500   
   

 

 

 

Total Exchange Traded Funds
(Identified Cost $21,959,047)

      23,505,500   
   

 

 

 

 

MSF-163


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Preferred Stock—0.6%

 

Security Description   Shares/Par
Amount
    Value  
   

Germany—0.5%

   

Bayerische Motoren Werke AG

    3,505      $ 180,383   

Henkel AG & Co. KGaA

    12,771        1,017,492   

Porsche Automobil Holding SE

    11,570        694,330   

ProSiebenSat.1 Media AG

    5,172        130,685   

RWE AG (a)

    2,797        111,758   

Volkswagen AG

    10,352        1,893,041   
   

 

 

 
      4,027,689   
   

 

 

 

Switzerland—0.1%

   

Schindler Holding AG

    3,222        396,926   
   

 

 

 

Total Preferred Stock
(Identified Cost $2,942,360)

      4,424,615   
   

 

 

 
Rights—0.0%                

France—0.0%

   

CIE Generale De Geophysique, expires 10/12/12

    8,260        13,347   
   

 

 

 

Total Rights
(Identified Cost $0)

      13,347   
   

 

 

 
Units—0.0%                

Singapore—0.0%

   

Hutchison Port Holdings Trust (c)

    350,000        253,821   
   

 

 

 

Total Units
(Identified Cost $346,803)

      253,821   
   

 

 

 
Short Term Investments—17.3%                

United States—17.3%

   

State Street Navigator Securities Lending Prime Portfolio (e)

    127,563,773        127,563,773   

U.S. Treasury Bills

   

0.078%, 12/20/12

  $ 1,575,000        1,574,663   

0.078%, 12/13/12

    1,200,000        1,199,769   

United States—(Continued)

   

U.S. Treasury Bills
0.055%, 10/18/12

  $ 800,000      $ 799,968   
   

 

 

 

Total Short Term Investments
(Identified Cost $131,138,173)

      131,138,173   
   

 

 

 

Total Investments—116.4%
(Identified Cost $900,353,807) (f)

      882,703,977   

Liabilities in excess of other assets

      (124,114,133
   

 

 

 
Net Assets—100.0%     $ 758,589,844   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $120,273,990 and the collateral received consisted of cash in the amount of $127,563,773. The cash collateral is invested in a money market fund managed by an affiliate of the custodian
(b) Security was valued in good faith under procedures approved by the Board of Trustees.
(c) Non-Income Producing.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2012, the market value of securities pledged was $1,060,000.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of September 30, 2012, the aggregate cost of investments was $900,353,807. The aggregate unrealized appreciation and depreciation of investments was $136,769,949 and $(154,419,779), respectively, resulting in net unrealized depreciation of $(17,649,830).
(REIT)— A Real Estate Investment Trust is a pooled investment vehicle that invests primarily in income-producing real estate or real estate related loans or interests.

 

Ten Largest Industries as of
September 30, 2012

  

% of

Net Assets

 

Commercial Banks

     11.7   

Pharmaceuticals

     7.3   

Oil, Gas & Consumable Fuels

     7.0   

Metals & Mining

     4.7   

Insurance

     4.5   

Food Products

     4.0   

Chemicals

     3.6   

Automobiles

     3.2   

Diversified Telecommunication Services

     2.9   

Beverages

     2.6   
Futures Contracts   

Futures Contracts—Long

  

Exchange

   Expiration
Date
     Number of
Contracts
     Contract
Amount
     Valuation as of
September 30,
2012
     Unrealized
Depreciation
 

MSCI EAFE eMini Index Futures

   NYSE Liffe      12/21/12         50       $ 3,788,145       $ 3,745,500       ($ 42,645
                 

 

 

 

 

MSF-164


Table of Contents

Metropolitan Series Fund

 

MSCI EAFE Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1     Level 2      Level 3      Total  
Common Stock           

Australia

   $ —        $ 64,622,669       $ —         $ 64,622,669   

Austria

     —          1,917,847         —           1,917,847   

Belgium

     —          8,403,572         —           8,403,572   

Denmark

     —          8,717,959         —           8,717,959   

Finland

     —          5,483,699         —           5,483,699   

France

     —          64,287,055         —           64,287,055   

Germany

     —          58,175,973         —           58,175,973   

Greece

     —          339,479         —           339,479   

Hong Kong

     —          22,763,687         —           22,763,687   

Ireland

     —          3,259,521         —           3,259,521   

Israel

     —          4,415,430         —           4,415,430   

Italy

     —          15,417,257         —           15,417,257   

Japan

     361,265        145,474,279         —           145,835,544   

Luxembourg

     —          1,631,834         —           1,631,834   

Netherlands

     —          19,968,638         —           19,968,638   

New Zealand

     —          905,191         —           905,191   

Norway

     —          7,122,065         —           7,122,065   

Portugal

     —          1,218,611         —           1,218,611   

Singapore

     —          13,604,298         —           13,604,298   

Spain

     —          21,122,775         —           21,122,775   

Sweden

     —          23,597,046         —           23,597,046   

Switzerland

     528,514        61,802,008         —           62,330,522   

United Kingdom

     —          168,227,849         —           168,227,849   

Total Common Stock

     889,779        722,478,742         —           723,368,521   

Total Exchange Traded Funds*

     23,505,500        —           —           23,505,500   

Total Preferred Stock*

     —          4,424,615         —           4,424,615   

Total Units*

     —          253,821         —           253,821   

Total Rights*

     —          13,347         —           13,347   
Short Term Investments           

United States

     127,563,773        3,574,400         —           131,138,173   

Total Investments

   $ 151,959,052      $ 730,744,925       $ —         $ 882,703,977   
                                    
Futures Contracts           

Futures Contracts (Unrealized Depreciation)

   $ (42,645   $ —         $ —         $ (42,645

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-165


Table of Contents

Metropolitan Series Fund

 

Neuberger Berman Genesis Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—96.7% of Net Assets

 

Security Description   Shares     Value  
   

Air Freight & Logistics—0.5%

   

Forward Air Corp.

    174,453      $ 5,305,116   
   

 

 

 

Auto Components—0.5%

   

Gentex Corp.

    309,600        5,266,296   
   

 

 

 

Beverages—0.9%

   

Boston Beer Co., Inc. (a)

    88,772        9,939,801   
   

 

 

 

Building Products—0.2%

   

AAON, Inc.

    110,500        2,175,745   
   

 

 

 

Capital Markets—0.3%

   

Eaton Vance Corp.

    115,700        3,350,672   
   

 

 

 

Chemicals—6.3%

   

Balchem Corp.

    215,250        7,906,133   

Hawkins, Inc.

    87,000        3,614,850   

Innophos Holdings, Inc.

    178,113        8,636,699   

Intrepid Potash, Inc. (a)

    479,500        10,299,660   

LSB Industries, Inc. (a)

    241,452        10,592,499   

NewMarket Corp.

    36,817        9,074,654   

RPM International, Inc.

    145,000        4,138,300   

Sensient Technologies Corp.

    374,935        13,782,611   

Stepan Co.

    28,069        2,697,992   
   

 

 

 
      70,743,398   
   

 

 

 

Commercial Banks—3.5%

   

Bank of Hawaii Corp.

    192,700        8,790,974   

BOK Financial Corp.

    103,600        6,122,760   

Cullen/Frost Bankers, Inc.

    177,200        10,176,596   

First Financial Bankshares, Inc.

    138,541        4,991,632   

Westamerica Bancorp

    192,500        9,057,125   
   

 

 

 
      39,139,087   
   

 

 

 

Commercial Services & Supplies—5.1%

   

Copart, Inc. (a)

    431,700        11,971,041   

Healthcare Services Group, Inc.

    525,434        12,016,676   

Ritchie Bros. Auctioneers, Inc.

    378,913        7,286,497   

Rollins, Inc.

    682,113        15,954,623   

United Stationers, Inc.

    412,708        10,738,662   
   

 

 

 
      57,967,499   
   

 

 

 

Communications Equipment—0.7%

   

NETGEAR, Inc. (a)

    203,300        7,753,862   
   

 

 

 

Containers & Packaging—3.1%

   

Aptargroup, Inc.

    517,154        26,742,033   

Silgan Holdings, Inc.

    185,600        8,075,456   
   

 

 

 
      34,817,489   
   

 

 

 

Distributors—1.0%

   

Pool Corp.

    271,460        11,287,307   
   

 

 

 

Diversified Consumer Services—0.2%

   

Strayer Education, Inc.

    39,500        2,541,825   
   

 

 

 

Electrical Equipment—0.3%

   

Thermon Group Holdings, Inc. (a)

    143,900        3,596,061   
   

 

 

 
   

Electronic Equipment, Instruments & Components—1.4%

  

FEI Co.

    107,054      $ 5,727,389   

Littelfuse, Inc.

    10,300        582,362   

Trimble Navigation, Ltd. (a)

    192,430        9,171,214   
   

 

 

 
      15,480,965   
   

 

 

 

Energy Equipment & Services—4.3%

   

CARBO Ceramics, Inc.

    156,800        9,865,856   

Lufkin Industries, Inc.

    122,700        6,603,714   

Natural Gas Services Group, Inc. (a)

    218,688        3,269,386   

Oceaneering International, Inc.

    412,300        22,779,575   

Pason Systems, Inc.

    396,600        6,577,611   
   

 

 

 
      49,096,142   
   

 

 

 

Food & Staples Retailing—1.7%

   

Harris Teeter Supermarkets, Inc.

    447,400        17,377,016   

The North West Co., Inc.

    67,100        1,519,322   
   

 

 

 
      18,896,338   
   

 

 

 

Food Products—2.4%

   

Darling International, Inc. (a)

    426,700        7,804,343   

Flowers Foods, Inc.

    292,300        5,898,614   

J&J Snack Foods Corp.

    86,053        4,933,418   

Lancaster Colony Corp.

    116,000        8,497,000   
   

 

 

 
      27,133,375   
   

 

 

 

Gas Utilities—2.5%

   

New Jersey Resources Corp.

    192,100        8,782,812   

Northwest Natural Gas Co.

    82,300        4,052,452   

Piedmont Natural Gas Co., Inc.

    73,800        2,397,024   

South Jersey Industries, Inc.

    152,400        8,066,532   

WGL Holdings, Inc.

    136,000        5,474,000   
   

 

 

 
      28,772,820   
   

 

 

 

Health Care Equipment & Supplies—7.0%

   

Abaxis, Inc. (a)

    173,000        6,214,160   

DENTSPLY International, Inc.

    180,600        6,888,084   

Haemonetics Corp. (a)

    245,654        19,701,451   

IDEXX Laboratories, Inc. (a)

    201,700        20,038,895   

Meridian Bioscience, Inc.

    322,300        6,181,714   

Sirona Dental Systems, Inc. (a)

    203,500        11,591,360   

West Pharmaceutical Services, Inc.

    167,300        8,878,611   
   

 

 

 
      79,494,275   
   

 

 

 

Health Care Providers & Services—5.1%

   

AmSurg Corp. (a)

    185,442        5,262,844   

Henry Schein, Inc. (a)

    226,500        17,954,655   

Landauer, Inc.

    68,572        4,095,120   

MWI Veterinary Supply, Inc. (a)

    108,269        11,550,137   

Owens & Minor, Inc.

    153,700        4,592,556   

Patterson Cos., Inc.

    217,800        7,457,472   

PSS World Medical, Inc. (a)

    304,563        6,937,945   
   

 

 

 
      57,850,729   
   

 

 

 

Health Care Technology—0.3%

   

Quality Systems, Inc.

    182,494        3,385,264   
   

 

 

 

 

MSF-166


Table of Contents

Metropolitan Series Fund

 

Neuberger Berman Genesis Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—1.7%

   

Bally Technologies, Inc. (a)

    158,054      $ 7,806,287   

Brinker International, Inc.

    257,700        9,096,810   

The Cheesecake Factory, Inc.

    52,200        1,866,150   
   

 

 

 
      18,769,247   
   

 

 

 

Household Durables—0.3%

   

Leggett & Platt, Inc.

    116,000        2,905,800   
   

 

 

 

Household Products—2.7%

   

Church & Dwight Co., Inc.

    574,800        31,033,452   
   

 

 

 

Industrial Conglomerates—0.7%

   

Raven Industries, Inc.

    287,074        8,448,588   
   

 

 

 

Insurance—2.9%

   

HCC Insurance Holdings, Inc.

    141,900        4,808,991   

Mercury General Corp.

    29,000        1,120,850   

RenaissanceRe Holdings, Ltd.

    80,300        6,186,312   

RLI Corp.

    149,470        9,963,670   

Safety Insurance Group, Inc.

    113,800        5,221,144   

Validus Holdings, Ltd.

    156,700        5,313,697   
   

 

 

 
      32,614,664   
   

 

 

 

IT Services—0.9%

   

Forrester Research, Inc. (a)

    111,457        3,206,618   

Sapient Corp. (a)

    212,900        2,269,514   

Syntel, Inc.

    83,600        5,217,476   
   

 

 

 
      10,693,608   
   

 

 

 

Leisure Equipment & Products—1.5%

   

Polaris Industries, Inc.

    205,898        16,650,971   
   

 

 

 

Life Sciences Tools & Services—1.5%

   

ICON plc (ADR) (a)

    402,100        9,799,177   

PAREXEL International Corp. (a)

    75,500        2,322,380   

Techne Corp.

    66,000        4,748,040   
   

 

 

 
      16,869,597   
   

 

 

 

Machinery—12.0%

   

AG Growth International, Inc.

    68,700        2,252,963   

Badger Meter, Inc.

    160,768        5,850,348   

Chart Industries, Inc. (a)

    78,000        5,760,300   

CLARCOR, Inc.

    464,570        20,733,759   

Donaldson Co., Inc.

    503,000        17,459,130   

Douglas Dynamics, Inc.

    193,600        2,863,344   

Graco, Inc.

    126,800        6,375,504   

Lincoln Electric Holdings, Inc.

    151,178        5,903,501   

Middleby Corp. (a)

    20,000        2,312,800   

Nordson Corp.

    264,862        15,526,210   

Tennant Co.

    70,778        3,030,714   

Toro Co.

    219,000        8,711,820   

Valmont Industries, Inc.

    124,000        16,306,000   

Wabtec Corp.

    280,200        22,497,258   
   

 

 

 
      135,583,651   
   

 

 

 

Metals & Mining—2.2%

   

Alamos Gold, Inc.

    555,500        10,760,035   

Metals & Mining—(Continued)

   

Compass Minerals International, Inc.

    155,500      $ 11,598,745   

Major Drilling Group International, Inc.

    228,700        2,322,448   
   

 

 

 
      24,681,228   
   

 

 

 

Office Electronics—0.9%

   

Zebra Technologies Corp. (Class A) (a)

    264,642        9,934,661   
   

 

 

 

Oil, Gas & Consumable Fuels—4.6%

   

Cabot Oil & Gas Corp.

    328,500        14,749,650   

Concho Resources, Inc. (a)

    143,000        13,549,250   

Gulfport Energy Corp. (a)

    256,700        8,024,442   

Kodiak Oil & Gas Corp. (a)

    459,100        4,297,176   

Oasis Petroleum, Inc. (a)

    211,300        6,227,011   

SM Energy Co.

    95,700        5,178,327   
   

 

 

 
      52,025,856   
   

 

 

 

Professional Services—0.7%

   

Exponent, Inc. (a)

    143,807        8,209,942   
   

 

 

 

Real Estate Management & Development—0.8%

  

Altisource Portfolio Solutions S.A. (a)

    101,267        8,734,279   
   

 

 

 

Road & Rail—0.3%

   

Genesee & Wyoming, Inc. (a)

    53,500        3,577,010   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.4%

  

Hittite Microwave Corp. (a)

    196,824        10,917,827   

Power Integrations, Inc.

    133,430        4,060,275   

Volterra Semiconductor Corp. (a)

    46,900        1,025,703   
   

 

 

 
      16,003,805   
   

 

 

 

Software—6.2%

   

Blackbaud, Inc.

    140,094        3,351,048   

Constellation Software, Inc.

    26,250        2,750,212   

Constellation Software, Inc. (Private Placement) (CAD) (a)

    50,000        5,190,056   

FactSet Research Systems, Inc.

    115,900        11,175,078   

Jack Henry & Associates, Inc.

    157,000        5,950,300   

Manhattan Associates, Inc. (a)

    43,100        2,468,337   

MICROS Systems, Inc. (a)

    404,432        19,865,700   

Solera Holdings, Inc.

    423,500        18,578,945   

Tyler Technologies, Inc. (a)

    15,200        669,104   
   

 

 

 
      69,998,780   
   

 

 

 

Specialty Retail—3.8%

   

Hibbett Sports, Inc. (a)

    212,400        12,627,180   

Sally Beauty Holdings, Inc. (a)

    424,900        10,660,741   

Tractor Supply Co.

    203,800        20,153,782   
   

 

 

 
      43,441,703   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.5%

  

Wolverine World Wide, Inc.

    134,100        5,950,017   
   

 

 

 

Thrifts & Mortgage Finance—1.5%

   

BankUnited, Inc.

    71,100        1,749,771   

Brookline Bancorp, Inc.

    372,800        3,288,096   

Nationstar Mortgage Holdings, Inc. (a)

    64,800        2,150,064   

 

MSF-167


Table of Contents

Metropolitan Series Fund

 

Neuberger Berman Genesis Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Thrifts & Mortgage Finance—(Continued)

   

Ocwen Financial Corp. (a)

    356,900      $ 9,782,629   
   

 

 

 
      16,970,560   
   

 

 

 

Trading Companies & Distributors—1.7%

   

Applied Industrial Technologies, Inc.

    232,910        9,649,461   

MSC Industrial Direct Co.

    98,100        6,617,826   

Watsco, Inc.

    46,900        3,554,551   
   

 

 

 
      19,821,838   
   

 

 

 

Water Utilities—0.6%

   

American States Water Co.

    63,000        2,799,090   

Aqua America, Inc.

    182,200        4,511,272   
   

 

 

 
      7,310,362   
   

 

 

 

Total Common Stock
(Identified Cost $858,532,686)

      1,094,223,685   
   

 

 

 
Short Term Investments—3.5%   
Security Description   Par
Amount
    Value  

Repurchase Agreement—3.5%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $38,958,032 on 10/01/12, collateralized by $39,640,000 Federal National Mortgage Association at 0.770% due 06/12/15 with a value of $39,739,100.

  $ 38,958,000      $ 38,958,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $38,958,000)

      38,958,000   
   

 

 

 

Total Investments—100.2%
(Identified Cost $897,490,686) (b)

      1,133,181,685   

Liabilities in excess of other assets

      (1,857,511
   

 

 

 
Net Assets 100.0%     $ 1,131,324,174   
   

 

 

 

 

(a) Non-Income Producing.
(b) As of September 30, 2012, the aggregate cost of investments was $897,490,686. The aggregate unrealized appreciation and depreciation of investments was $259,885,479 and $(24,194,480), respectively, resulting in net unrealized appreciation of $235,690,999.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(CAD)— Canadian Dollar

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 1,094,223,685       $ —         $ —         $ 1,094,223,685   

Total Short Term Investments*

     —           38,958,000         —           38,958,000   

Total Investments

   $ 1,094,223,685       $ 38,958,000       $ —         $ 1,133,181,685   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-168


Table of Contents

Metropolitan Series Fund

 

Oppenheimer Global Equity Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—97.3% of Net Assets

 

Security Description   Shares     Value  
   

Australia—0.6%

   

Iluka Resources, Ltd. (a)

    356,900      $ 3,603,656   
   

 

 

 

Belgium—0.3%

   

ThromboGenics NV (b)

    44,979        1,803,742   
   

 

 

 

Brazil—4.0%

   

All America Latina Logistica S.A.

    196,000        810,201   

BM&FBovespa S.A.

    1,080,600        6,529,708   

Companhia de Bebidas das Americas (ADR)

    159,850        6,117,460   

Embraer S.A. (ADR)

    223,810        5,957,822   

Itau Unibanco Holding S.A. (ADR)

    426,130        6,511,266   
   

 

 

 
      25,926,457   
   

 

 

 

Denmark—1.4%

   

Carlsberg A/S (Class B)

    52,602        4,664,274   

FLSmidth & Co. A/S (a)

    73,530        4,220,793   
   

 

 

 
      8,885,067   
   

 

 

 

Finland—0.5%

   

Fortum Oyj

    190,408        3,511,122   
   

 

 

 

France—6.0%

   

LVMH Moet Hennessy Louis Vuitton S.A.

    73,671        11,109,813   

PPR S.A.

    63,680        9,800,977   

Société Générale S.A.

    88,704        2,530,051   

Technip S.A.

    109,210        12,185,601   

Total S.A. (a)

    63,528        3,159,812   
   

 

 

 
      38,786,254   
   

 

 

 

Germany—8.9%

   

Allianz SE

    83,694        9,965,531   

Bayer AG

    117,236        10,087,212   

Linde AG

    37,241        6,420,638   

SAP AG

    212,205        15,047,747   

Siemens AG

    162,986        16,276,085   
   

 

 

 
      57,797,213   
   

 

 

 

India—3.8%

   

DLF, Ltd.

    810,461        3,574,880   

ICICI Bank, Ltd. (ADR)

    249,730        10,024,162   

Infosys Technologies, Ltd.

    147,428        7,056,777   

Wire & Wireless India, Ltd. (b)

    570,457        245,348   

Zee Entertainment Enterprises, Ltd.

    1,037,836        3,836,318   

Zee Learn, Ltd. (b)

    129,073        66,032   
   

 

 

 
      24,803,517   
   

 

 

 

Italy—2.1%

   

Brunello Cucinelli S.p.A.

    37,450        647,013   

Lottomatica S.p.A.

    145,986        3,216,360   

Prysmian S.p.A.

    179,870        3,220,024   

Tod’s S.p.A. (a)

    61,682        6,683,718   
   

 

 

 
      13,767,115   
   

 

 

 

Japan—8.1%

   

Fanuc, Ltd.

    30,500        4,912,225   

Hoya Corp.

    181,200        3,979,813   

KDDI Corp. (a)

    122,800        9,514,718   
   

Japan—(Continued)

   

Keyence Corp.

    27,900      $ 7,127,406   

Kyocera Corp. (a)

    43,900        3,799,762   

Murata Manufacturing Co., Ltd. (a)

    140,700        7,484,817   

Nidec Corp. (a)

    55,500        4,057,980   

Sumitomo Mitsui Financial Group, Inc. (a)

    172,700        5,372,502   

The Dai-ichi Life Insurance Co., Ltd. (a)

    5,630        6,384,378   
   

 

 

 
      52,633,601   
   

 

 

 

Mexico—2.8%

   

Fomento Economico Mexicano S.A.B. de C.V.

    1,268,394        11,680,055   

Grupo Televisa S.A.B. (ADR)

    275,720        6,482,177   
   

 

 

 
      18,162,232   
   

 

 

 

Netherlands—1.6%

   

EADS NV (a)

    337,427        10,727,301   
   

 

 

 

South Korea—0.5%

   

E-Mart Co., Ltd. (b)

    16,003        3,490,513   
   

 

 

 

Spain—4.0%

   

BBVA S.A. (a)

    951,263        7,521,234   

Inditex S.A.

    112,723        13,994,086   

Repsol YPF S.A.

    244,601        4,760,834   
   

 

 

 
      26,276,154   
   

 

 

 

Sweden—5.0%

   

Assa Abloy AB (Series B) (a)

    395,315        12,830,526   

LM Ericsson Telephone Co. (Class B) (a)

    2,131,451        19,440,794   
   

 

 

 
      32,271,320   
   

 

 

 

Switzerland—3.7%

   

Nestle S.A.

    116,859        7,371,599   

Roche Holding AG

    19,350        3,614,685   

UBS AG

    1,051,098        12,828,171   
   

 

 

 
      23,814,455   
   

 

 

 

Taiwan—1.0%

   

Taiwan Semiconductor Manufacturing Co., Ltd.

    2,242,498        6,833,186   
   

 

 

 

United Kingdom—3.8%

   

Kingfisher plc

    510,667        2,182,120   

Prudential plc

    690,802        8,963,736   

Standard Chartered plc (b)

    72,950        1,652,442   

Unilever plc

    335,531        12,220,725   
   

 

 

 
      25,019,023   
   

 

 

 

United States—39.2%

   

3M Co.

    103,700        9,583,954   

Abercrombie & Fitch Co. (Class A) (a)

    90,850        3,081,632   

Adobe Systems, Inc. (b)

    261,660        8,493,484   

Aetna, Inc.

    220,310        8,724,276   

Allergan, Inc.

    24,310        2,226,310   

Altera Corp. (a)

    362,010        12,302,910   

Amgen, Inc.

    93,450        7,879,704   

Carnival Corp. (a)

    282,290        10,286,648   

Colgate-Palmolive Co.

    124,420        13,340,312   

eBay, Inc. (b)

    430,100        20,821,141   

 

MSF-169


Table of Contents

Metropolitan Series Fund

 

Oppenheimer Global Equity Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  
   

United States—(Continued)

   

Emerson Electric Co.

    117,490      $ 5,671,242   

Facebook, Inc. (a) (b)

    213,720        4,627,038   

Fidelity National Financial, Inc.

    178,710        3,822,607   

Fusion-io, Inc. (a) (b)

    109,580        3,316,987   

Gilead Sciences, Inc. (b)

    77,400        5,133,942   

Google, Inc. (Class A) (b)

    18,920        14,275,140   

Intuit, Inc. (a)

    197,530        11,630,566   

Juniper Networks, Inc. (a) (b)

    370,080        6,332,069   

Maxim Integrated Products, Inc.

    380,770        10,136,097   

McDonald’s Corp.

    134,400        12,331,200   

Microsoft Corp.

    341,120        10,158,554   

The Goldman Sachs Group, Inc. (a)

    43,600        4,956,448   

The McGraw-Hill Cos., Inc.

    167,580        9,148,192   

The Walt Disney Co.

    252,560        13,203,837   

Theravance, Inc. (a) (b)

    151,730        3,931,324   

Tiffany & Co.

    164,890        10,203,393   

Transocean, Ltd.

    131,678        5,911,025   

United Parcel Service, Inc. (Class B)

    57,770        4,134,599   

WellPoint, Inc.

    184,120        10,680,801   

Zimmer Holdings, Inc. (a)

    136,790        9,249,740   
   

 

 

 
      255,595,172   
   

 

 

 

Total Common Stock
(Identified Cost $534,831,431)

      633,707,100   
   

 

 

 
Preferred Stock—1.6%                

Germany—1.6%

   

Bayerische Motoren Werke AG

    204,336        10,504,218   
   

 

 

 

Total Preferred Stock
(Identified Cost $7,755,878)

      10,504,218   
   

 

 

 
Short Term Investments—14.5%   
Security Description   Shares/Par
Amount
    Value  
   

United States—14.5%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $5,410,005 on 10/01/12, collateralized by $3,905,000 U.S. Treasury Bond at 5.250% due 02/15/29 with a value of $5,523,240.

  $ 5,410,000      $ 5,410,000   

State Street Navigator Securities Lending Prime Portfolio (c)

    88,921,728        88,921,728   
   

 

 

 

Total Short Term Investments
(Identified Cost $94,331,728)

      94,331,728   
   

 

 

 

Total Investments—113.4%
(Identified Cost $636,919,037) (d)

      738,543,046   

Liabilities in excess of other assets

      (87,142,794
   

 

 

 
Net Assets—100.0%     $ 651,400,252   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $84,754,932 and the collateral received consisted of cash in the amount of $88,921,728. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $636,919,037. The aggregate unrealized appreciation and depreciation of investments was $142,014,105 and $(40,390,096), respectively, resulting in net unrealized appreciation of $101,624,009.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

Ten Largest Industries as of
September 30, 2012

  

% of
Net Assets

 

Software

     6.9%   

Internet Software & Services

     6.0%   

Semiconductors & Semiconductor Equipment

     5.6%   

Commercial Banks

     5.2%   

Media

     5.1%   

Specialty Retail

     4.5%   

Insurance

     4.5%   

Industrial Conglomerates

     4.0%   

Hotels, Restaurants & Leisure

     4.0%   

Communications Equipment

     4.0%   

 

MSF-170


Table of Contents

Metropolitan Series Fund

 

Oppenheimer Global Equity Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Australia

   $ —         $ 3,603,656       $ —         $ 3,603,656   

Belgium

     —           1,803,742         —           1,803,742   

Brazil

     25,926,457         —           —           25,926,457   

Denmark

     —           8,885,067         —           8,885,067   

Finland

     —           3,511,122         —           3,511,122   

France

     —           38,786,254         —           38,786,254   

Germany

     —           57,797,213         —           57,797,213   

India

     10,024,162         14,779,355         —           24,803,517   

Italy

     —           13,767,115         —           13,767,115   

Japan

     —           52,633,601         —           52,633,601   

Mexico

     18,162,232         —           —           18,162,232   

Netherlands

     —           10,727,301         —           10,727,301   

South Korea

     —           3,490,513         —           3,490,513   

Spain

     —           26,276,154         —           26,276,154   

Sweden

     —           32,271,320         —           32,271,320   

Switzerland

     —           23,814,455         —           23,814,455   

Taiwan

     —           6,833,186         —           6,833,186   

United Kingdom

     —           25,019,023         —           25,019,023   

United States

     255,595,172         —           —           255,595,172   

Total Common Stock

     309,708,023         323,999,077         —           633,707,100   
Preferred Stock            

Germany

     —           10,504,218         —           10,504,218   
Short Term Investments            

United States

     88,921,728         5,410,000         —           94,331,728   

Total Investments

   $ 398,629,751       $ 339,913,295       $ —         $ 738,543,046   
                                     

 

MSF-171


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—96.8% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—1.5%

   

AAR Corp.

    20,590      $ 338,088   

AeroVironment, Inc. (a)

    8,967        210,455   

American Science & Engineering, Inc. (b)

    4,769        312,894   

Astronics Corp. (a)

    5,318        163,794   

Ceradyne, Inc. (a)

    13,664        333,812   

Cubic Corp.

    8,470        424,008   

Curtiss-Wright Corp.

    24,567        803,341   

DigitalGlobe, Inc. (a)

    18,262        372,362   

Esterline Technologies Corp. (a)

    15,964        896,219   

GenCorp, Inc. (a) (b)

    29,383        278,845   

GeoEye, Inc. (a)

    8,236        217,677   

HEICO Corp. (Class B) (b)

    27,175        1,051,401   

Hexcel Corp. (a)

    51,904        1,246,734   

Kratos Defense & Security Solutions, Inc. (a) (b)

    16,795        98,083   

LMI Aerospace, Inc. (a)

    5,223        106,758   

Moog, Inc. (a)

    23,663        896,118   

Orbital Sciences Corp. (a)

    29,768        433,422   

Taser International, Inc. (a) (b)

    30,079        181,376   

Teledyne Technologies, Inc. (a)

    19,150        1,213,919   

The KEYW Holding Corp. (a)

    10,462        130,775   
   

 

 

 
      9,710,081   
   

 

 

 

Air Freight & Logistics—0.3%

   

Air Transport Services Group, Inc. (a)

    29,240        128,656   

Atlas Air Worldwide Holdings, Inc. (a)

    13,822        713,630   

Forward Air Corp.

    15,560        473,180   

HUB Group, Inc. (a)

    19,221        570,479   

Pacer International, Inc. (a) (b)

    21,625        86,067   

Park-Ohio Holdings Corp. (a)

    4,748        102,889   

XPO Logistics, Inc. (a) (b)

    9,537        116,733   
   

 

 

 
      2,191,634   
   

 

 

 

Airlines—0.6%

   

Alaska Air Group, Inc. (a)

    35,965        1,260,933   

Allegiant Travel Co. (a) (b)

    7,740        490,406   

Hawaiian Holdings, Inc. (a) (b)

    26,730        149,421   

JetBlue Airways Corp. (a) (b)

    119,009        570,053   

Republic Airways Holdings, Inc. (a) (b)

    25,789        119,403   

Skywest, Inc. (b)

    29,720        307,008   

Spirit Airlines, Inc. (a)

    22,113        377,690   

US Airways Group, Inc. (a) (b)

    85,764        897,091   
   

 

 

 
      4,172,005   
   

 

 

 

Auto Components—0.8%

   

American Axle & Manufacturing Holdings, Inc. (a)

    34,595        389,886   

Cooper Tire & Rubber Co.

    32,939        631,770   

Dana Holding Corp. (a)

    76,356        939,179   

Dorman Products, Inc. (a) (b)

    12,774        402,509   

Drew Industries, Inc. (a)

    10,366        313,157   

Exide Technologies (a)

    40,883        126,737   

Federal-Mogul Corp. (a)

    10,576        96,770   

Fuel Systems Solutions, Inc. (a) (b)

    8,320        143,021   

Gentherm, Inc. (a)

    16,060        199,786   

Modine Manufacturing Co. (a)

    24,735        182,544   

Spartan Motors, Inc.

    19,530        97,650   

Standard Motor Products, Inc.

    9,638        177,532   

Stoneridge, Inc. (a)

    13,705        68,114   

Superior Industries International, Inc. (b)

    12,615        215,590   
   

Auto Components—(Continued)

   

Tenneco, Inc. (a)

    31,602      $ 884,856   
   

 

 

 
      4,869,101   
   

 

 

 

Automobiles—0.0%

   

Winnebago Industries, Inc. (a) (b)

    16,165        204,164   
   

 

 

 

Beverages—0.2%

   

Boston Beer Co., Inc. (a) (b)

    3,800        425,486   

Central European Distribution Corp. (a)

    37,681        107,391   

Coca-Cola Bottling Co. Consolidated

    2,376        161,806   

Heckmann Corp. (a) (b)

    83,048        348,801   

National Beverage Corp. (b)

    7,440        112,790   
   

 

 

 
      1,156,274   
   

 

 

 

Biotechnology—3.9%

   

Achillion Pharmaceuticals, Inc. (a)

    31,699        329,987   

Acorda Therapeutics, Inc. (a)

    20,455        523,853   

Aegerion Pharmaceuticals, Inc. (a) (b)

    11,897        176,314   

Affymax, Inc. (a)

    18,334        386,114   

Alkermes plc (a)

    64,920        1,347,090   

Allos Therapeutics, Inc. (a)

    48,535        0   

Alnylam Pharmaceuticals, Inc. (a) (b)

    24,421        458,871   

AMAG Pharmaceuticals, Inc. (a)

    11,699        207,540   

Amicus Therapeutics, Inc. (a) (b)

    17,393        90,444   

Arena Pharmaceuticals, Inc. (a) (b)

    114,562        953,156   

Arqule, Inc. (a) (b)

    34,077        174,133   

Array Biopharma, Inc. (a)

    48,411        283,688   

Astex Pharmaceuticals (a)

    52,716        161,838   

AVEO Pharmaceuticals, Inc. (a) (b)

    21,125        219,911   

BioCryst Pharmaceuticals, Inc. (a)

    27,968        118,584   

Celldex Therapeutics, Inc. (a)

    28,395        178,888   

Cepheid, Inc. (a) (b)

    34,332        1,184,797   

Clovis Oncology, Inc. (a) (b)

    7,994        163,477   

Cubist Pharmaceuticals, Inc. (a) (b)

    32,976        1,572,296   

Curis, Inc. (a) (b)

    44,220        183,071   

Cytori Therapeutics, Inc. (a) (b)

    31,861        140,507   

Dendreon Corp. (a) (b)

    82,091        396,500   

Discovery Laboratories, Inc. (a) (b)

    25,968        85,175   

Dusa Pharmaceuticals, Inc. (a)

    12,942        87,876   

Dyax Corp. (a)

    51,208        133,141   

Dynavax Technologies Corp. (a)

    93,835        446,655   

Emergent Biosolutions, Inc. (a)

    13,410        190,556   

Enzon Pharmaceuticals, Inc. (a) (b)

    19,420        135,163   

Exact Sciences Corp. (a)

    31,045        341,805   

Exelixis, Inc. (a) (b)

    98,275        473,685   

Genomic Health, Inc. (a) (b)

    8,810        305,619   

Geron Corp. (a) (b)

    65,936        112,091   

Halozyme Therapeutics, Inc. (a)

    47,510        359,176   

Idenix Pharmaceuticals, Inc. (a)

    48,904        223,491   

Immunogen, Inc. (a) (b)

    44,397        648,196   

Immunomedics, Inc. (a) (b)

    39,907        140,074   

Infinity Pharmaceuticals, Inc. (a) (b)

    11,551        272,026   

InterMune, Inc. (a) (b)

    35,087        314,730   

Ironwood Pharmaceuticals, Inc. (a) (b)

    40,102        512,504   

Isis Pharmaceuticals, Inc. (a) (b)

    53,285        749,720   

Keryx Biopharmaceuticals, Inc. (a) (b)

    41,752        117,741   

Lexicon Pharmaceuticals, Inc. (a) (b)

    108,597        251,945   

Ligand Pharmaceuticals, Inc. (a) (b)

    10,985        188,393   

 

MSF-172


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Biotechnology—(Continued)

   

MannKind Corp. (a) (b)

    56,972      $ 164,079   

Merrimack Pharmaceuticals, Inc. (a)

    8,832        82,844   

Momenta Pharmaceuticals, Inc. (a) (b)

    23,710        345,455   

Neurocrine Biosciences, Inc. (a)

    35,916        286,610   

NewLink Genetics Corp. (a) (b)

    7,185        116,613   

Novavax, Inc. (a) (b)

    31,633        68,327   

NPS Pharmaceuticals, Inc. (a)

    43,696        404,188   

OncoGenex Pharmaceutical, Inc. (a)

    8,617        122,103   

Oncothyreon, Inc. (a) (b)

    32,824        168,715   

Opko Health, Inc. (a) (b)

    59,324        247,974   

Orexigen Therapeutics, Inc. (a)

    33,657        192,181   

Osiris Therapeutics, Inc. (a) (b)

    9,335        103,152   

PDL BioPharma, Inc. (b)

    75,107        577,573   

Pharmacyclics, Inc. (a) (b)

    28,800        1,857,600   

Raptor Pharmaceutical Corp. (a) (b)

    26,716        148,541   

Repligen Corp. (a)

    18,018        107,387   

Rigel Pharmaceuticals, Inc. (a)

    41,415        424,504   

Sangamo Biosciences, Inc. (a)

    24,849        151,082   

Sciclone Pharmaceuticals, Inc. (a) (b)

    31,065        172,411   

Seattle Genetics, Inc. (a) (b)

    50,527        1,361,703   

Spectrum Pharmaceuticals, Inc. (a) (b)

    30,932        361,904   

Sunesis Pharmaceuticals, Inc. (a)

    15,577        88,010   

Synageva BioPharma Corp. (a) (b)

    5,354        286,064   

Synergy Pharmaceuticals, Inc. (a)

    25,719        122,937   

Synta Pharmaceuticals Corp. (a) (b)

    20,751        158,123   

Targacept, Inc. (a)

    15,956        78,025   

Theravance, Inc. (a) (b)

    32,331        837,696   

Threshold Pharmaceuticals, Inc. (a) (b)

    24,847        179,892   

Trius Therapeutics, Inc. (a)

    14,466        84,337   

Vical, Inc. (a) (b)

    40,691        175,785   

XOMA Corp. (a) (b)

    38,763        143,035   

Ziopharm Oncology, Inc. (a) (b)

    33,535        182,766   
   

 

 

 
      25,142,437   
   

 

 

 

Building Products—0.8%

   

A.O. Smith Corp.

    20,593        1,184,921   

AAON, Inc. (b)

    10,242        201,665   

Ameresco, Inc. (a) (b)

    14,515        171,422   

American Woodmark Corp. (a) (b)

    5,650        112,831   

Apogee Enterprises, Inc. (b)

    13,569        266,224   

Builders FirstSource, Inc. (a) (b)

    25,665        133,201   

Gibraltar Industries, Inc. (a)

    14,856        190,454   

Griffon Corp. (a)

    24,495        252,299   

Insteel Industries, Inc.

    9,958        116,807   

NCI Building Systems, Inc. (a)

    10,596        106,278   

Nortek, Inc. (a)

    4,481        245,245   

Quanex Building Products Corp. (b)

    20,789        391,665   

Simpson Manufacturing Co., Inc.

    19,836        567,706   

Trex Co., Inc. (a) (b)

    6,792        231,743   

Universal Forest Products, Inc.

    10,498        436,087   

USG Corp. (a) (b)

    39,350        863,732   
   

 

 

 
      5,472,280   
   

 

 

 

Capital Markets—2.2%

   

Apollo Investment Corp.

    103,885        817,575   

Arlington Asset Investment Corp.

    6,026        143,780   

BGC Partners, Inc. (b)

    53,053        259,960   

BlackRock Kelso Capital Corp.

    38,057        369,914   

Capital Markets—(Continued)

   

Calamos Asset Management, Inc. (b)

    11,175      $ 130,077   

Capital Southwest Corp.

    1,392        155,834   

Cohen & Steers, Inc.

    9,693        287,107   

Cowen Group, Inc. (a)

    41,897        113,122   

Diamond Hill Investment Group, Inc. (a) (b)

    1,546        118,547   

Duff & Phelps Corp.

    14,515        197,549   

Epoch Holding Corp. (b)

    7,781        179,741   

Evercore Partners, Inc.

    15,370        414,990   

Fidus Investment Corp.

    5,499        91,833   

Fifth Street Finance Corp.

    47,876        525,679   

Financial Engines, Inc. (a) (b)

    24,757        589,959   

Firsthand Technology Value Fund, Inc. (a)

    5,589        97,472   

FXCM, Inc.

    11,592        110,704   

GAMCO Investors, Inc.

    3,845        191,289   

GFI Group, Inc. (b)

    37,777        120,131   

Gladstone Capital Corp. (b)

    12,173        106,514   

Gladstone Investment Corp.

    14,338        112,123   

Golub Capital BDC, Inc. (b)

    8,056        128,090   

Greenhill & Co., Inc. (b)

    15,513        802,798   

GSV Capital Corp. (a) (b)

    10,974        94,706   

Hercules Technology Growth Capital, Inc.

    26,898        296,147   

HFF, Inc. (a)

    17,729        264,162   

ICG Group, Inc. (a)

    20,148        204,704   

International FCStone, Inc. (a) (b)

    7,668        146,152   

Investment Technology Group, Inc. (a)

    23,464        204,137   

KBW, Inc. (a) (b)

    19,039        313,572   

KCAP Financial, Inc. (b)

    12,596        116,639   

Knight Capital Group, Inc. (a)

    97,052        260,099   

Ladenburg Thalmann Financial Services, Inc. (a) (b)

    3,949        5,213   

Main Street Capital Corp. (b)

    14,955        441,322   

Manning & Napier, Inc. (a) (b)

    8,917        108,698   

MCG Capital Corp. (a) (b)

    42,140        194,265   

Medallion Financial Corp. (b)

    7,820        92,354   

Medley Capital Corp.

    12,683        178,450   

MVC Capital, Inc.

    13,488        172,646   

New Mountain Finance Corp. (b)

    7,167        106,215   

NGP Capital Resources Co.

    12,117        90,393   

Oppenheimer Holdings, Inc.

    5,749        91,697   

PennantPark Investment Corp. (b)

    29,280        310,661   

Piper Jaffray Cos. (a) (b)

    8,439        214,773   

Prospect Capital Corp.

    78,445        903,686   

Safeguard Scientifics, Inc. (a) (b)

    11,857        186,036   

Solar Capital, Ltd.

    20,575        471,579   

Solar Senior Capital, Ltd. (b)

    4,388        78,589   

Stifel Financial Corp. (a)

    27,695        930,552   

SWS Group, Inc.

    16,722        102,171   

THL Credit, Inc.

    6,874        96,442   

TICC Capital Corp. (b)

    24,365        253,396   

Triangle Capital Corp. (b)

    13,996        359,137   

Virtus Investment Partners, Inc. (a) (b)

    3,529        303,494   

Westwood Holdings Group, Inc.

    3,352        130,762   

WisdomTree Investments, Inc. (a) (b)

    33,771        226,266   
   

 

 

 
      14,013,903   
   

 

 

 

Chemicals—2.0%

   

A. Schulman, Inc.

    16,210        386,122   

ADA-ES, Inc. (a)

    4,907        115,854   

American Vanguard Corp.

    14,887        518,068   

Arabian American Development Co. (a) (b)

    11,141        109,070   

 

MSF-173


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Chemicals—(Continued)

   

Balchem Corp.

    15,297      $ 561,859   

Calgon Carbon Corp. (a) (b)

    30,355        434,380   

Chemtura Corp. (a)

    52,334        901,192   

Ferro Corp. (a)

    46,359        159,011   

Flotek Industries, Inc. (a) (b)

    25,871        327,786   

FutureFuel Corp.

    9,675        117,164   

Georgia Gulf Corp. (a)

    18,309        663,152   

H.B. Fuller Co.

    25,868        793,630   

Hawkins, Inc.

    4,778        198,526   

Innophos Holdings, Inc.

    11,603        562,630   

Innospec, Inc.

    12,490        423,661   

KMG Chemicals, Inc.

    4,440        82,140   

Koppers Holdings, Inc.

    11,124        388,561   

Kraton Performance Polymers, Inc. (a)

    16,524        431,276   

Landec Corp. (a)

    16,296        186,589   

LSB Industries, Inc. (a)

    9,253        405,929   

Minerals Technologies, Inc.

    9,298        659,507   

Olin Corp.

    41,593        903,816   

OM Group, Inc. (a)

    16,641        308,524   

Omnova Solutions, Inc. (a)

    24,497        185,442   

PolyOne Corp. (a)

    45,552        754,797   

Quaker Chemical Corp. (b)

    6,591        307,602   

Sensient Technologies Corp.

    26,602        977,890   

Spartech Corp. (a)

    17,520        93,732   

Stepan Co.

    4,485        431,098   

TPC Group, Inc. (a)

    6,874        280,528   

Zep, Inc.

    10,762        162,722   

Zoltek Cos., Inc. (a)

    15,344        117,995   
   

 

 

 
      12,950,253   
   

 

 

 

Commercial Banks—6.4%

   

1st Source Corp. (b)

    8,143        181,345   

1st United Bancorp, Inc. (a)

    12,631        81,470   

Alliance Financial Corp. (b)

    2,459        98,876   

American National Bankshares, Inc. (b)

    4,458        100,706   

Ameris Bancorp

    13,498        169,940   

Ames National Corp.

    4,449        92,717   

Arrow Financial Corp. (b)

    5,487        137,165   

Bancfirst Corp. (b)

    4,227        181,592   

Banco Latinoamericano de Exportaciones S.A.

    14,005        309,370   

Bancorp, Inc. (a)

    13,290        136,488   

BancorpSouth, Inc.

    50,104        738,533   

Bank of Kentucky Financial Corp.

    2,984        82,776   

Bank of Marin Bancorp (b)

    3,199        135,989   

Bank of the Ozarks, Inc.

    14,780        509,467   

Banner Corp.

    10,387        281,488   

Bar Harbor Bankshares

    2,260        80,772   

BBCN Bancorp, Inc. (a)

    39,760        501,374   

Boston Private Financial Holdings, Inc.

    40,232        385,825   

Bridge Bancorp, Inc.

    3,615        84,266   

Bridge Capital Holdings (a)

    5,158        79,743   

Bryn Mawr Bank Corp.

    6,395        143,504   

Camden National Corp.

    3,953        146,419   

Cardinal Financial Corp. (b)

    17,067        244,058   

Cathay General Bancorp

    41,687        719,518   

Center Bancorp, Inc.

    6,998        83,416   

Centerstate Banks, Inc.

    16,702        148,982   

Central Pacific Financial Corp. (a)

    11,945        170,814   

Chemical Financial Corp. (b)

    13,755        332,871   

Commercial Banks—(Continued)

   

Citizens & Northern Corp. (b)

    6,716      $ 131,701   

Citizens Republic Bancorp, Inc. (a)

    22,305        431,602   

City Holding Co. (b)

    6,953        249,196   

CNB Financial Corp.

    6,782        118,753   

CoBiz Financial, Inc. (b)

    17,832        124,824   

Columbia Banking System, Inc.

    21,597        400,408   

Community Bank System, Inc. (b)

    21,059        593,653   

Community Trust Bancorp, Inc. (b)

    7,420        263,670   

CVB Financial Corp. (b)

    47,878        571,663   

Eagle Bancorp, Inc. (a)

    9,117        152,436   

Enterprise Financial Services Corp.

    11,259        153,122   

Financial Institutions, Inc. (b)

    6,461        120,433   

First Bancorp (b)

    8,242        95,030   

First Bancorp, Inc. (b)

    5,125        89,944   

First BanCorp/Puerto Rico (a)

    39,016        172,451   

First Busey Corp. (b)

    42,355        206,692   

First California Financial Group, Inc. (a) (b)

    12,923        89,944   

First Commonwealth Financial Corp. (b)

    56,357        397,317   

First Community Bancshares, Inc.

    8,470        129,252   

First Connecticut Bancorp, Inc. (a)

    9,833        132,844   

First Financial Bancorp

    30,745        519,898   

First Financial Bankshares, Inc. (b)

    16,723        602,530   

First Financial Corp. (b)

    6,038        189,231   

First Interstate Bancsystem, Inc.

    6,879        102,910   

First Merchants Corp.

    14,938        224,219   

First Midwest Bancorp, Inc.

    41,102        515,830   

FirstMerit Corp.

    57,420        845,797   

FNB Corp. (b)

    71,997        807,086   

German American Bancorp, Inc.

    6,759        163,027   

Glacier Bancorp, Inc. (b)

    38,230        595,623   

Great Southern Bancorp, Inc. (b)

    6,069        187,593   

Guaranty Bancorp (a) (b)

    10,853        21,923   

Hancock Holding Co.

    40,443        1,251,711   

Hanmi Financial Corp. (a)

    17,546        224,764   

Heartland Financial USA, Inc.

    7,703        210,061   

Heritage Commerce Corp. (a)

    11,920        82,725   

Heritage Financial Corp. (a) (b)

    10,314        155,019   

Home Bancshares, Inc.

    11,883        405,091   

HomeTrust Bancshares, Inc. (a)

    15,463        204,885   

Hudson Valley Holding Corp.

    7,889        134,507   

Iberiabank Corp.

    15,241        698,038   

Independent Bank Corp. (b)

    11,835        356,115   

International Bancshares Corp.

    28,704        546,811   

Investors Bancorp, Inc. (a)

    22,076        402,666   

Lakeland Bancorp, Inc. (b)

    13,915        144,020   

Lakeland Financial Corp.

    9,208        254,141   

MainSource Financial Group, Inc.

    12,295        157,868   

MB Financial, Inc.

    28,968        572,118   

Mercantile Bank Corp. (a)

    4,965        85,100   

Merchants Bancshares, Inc.

    2,728        80,612   

Metro Bancorp, Inc. (a)

    7,930        100,473   

MetroCorp Bancshares, Inc. (a) (b)

    9,106        96,433   

MidSouth Bancorp, Inc.

    4,806        77,809   

MidWestOne Financial Group, Inc.

    3,929        84,631   

National Bankshares, Inc.

    4,218        140,038   

National Penn Bancshares, Inc.

    67,536        615,253   

NBT Bancorp, Inc. (b)

    18,672        412,091   

Northfield Bancorp, Inc.

    10,092        161,674   

Old National Bancorp

    53,086        722,500   

 

MSF-174


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Commercial Banks—(Continued)

   

OmniAmerican Bancorp, Inc. (a)

    7,185      $ 163,315   

Oriental Financial Group, Inc.

    25,382        267,019   

Pacific Capital Bancorp. (a)

    2,300        105,570   

Pacific Continental Corp.

    10,841        96,810   

PacWest Bancorp

    15,528        362,889   

Park National Corp. (b)

    5,759        403,245   

Park Sterling Corp. (a) (b)

    18,629        92,027   

Peapack Gladstone Financial Corp.

    5,072        82,876   

Penns Woods Bancorp, Inc.

    1,988        88,128   

People’s Bancorp, Inc.

    5,988        137,065   

Pinnacle Financial Partners, Inc. (a)

    18,820        363,602   

Preferred Bank/Los Angeles (a) (b)

    6,777        96,098   

PrivateBancorp, Inc. (b)

    31,105        497,369   

Prosperity Bancshares, Inc. (b)

    25,017        1,066,225   

Renasant Corp. (b)

    12,711        249,199   

Republic Bancorp, Inc. (Class A) (b)

    5,421        118,991   

S&T Bancorp, Inc.

    15,660        275,773   

S.Y. Bancorp, Inc.

    7,089        167,726   

Sandy Spring Bancorp, Inc.

    13,670        263,147   

SCBT Financial Corp. (b)

    8,161        328,725   

Sierra Bancorp

    7,033        86,225   

Simmons First National Corp. (b)

    9,347        227,646   

Southside Bancshares, Inc. (b)

    8,324        181,546   

Southwest Bancorp, Inc. (a)

    11,069        120,099   

State Bank Financial Corp. (a)

    16,379        270,090   

StellarOne Corp. (b)

    12,984        170,869   

Sterling Bancorp

    17,221        170,832   

Sterling Financial Corp. (a)

    13,897        309,486   

Suffolk Bancorp (a)

    5,622        82,419   

Susquehanna Bancshares, Inc.

    99,673        1,042,580   

Taylor Capital Group, Inc. (a)

    7,608        130,249   

Texas Capital Bancshares, Inc. (a)

    21,162        1,051,963   

The First of Long Island Corp.

    3,365        103,676   

Tompkins Financial Corp.

    6,009        243,485   

TowneBank (b)

    12,365        189,555   

TriCo Bancshares (b)

    8,062        133,265   

Trustmark Corp. (b)

    34,161        831,479   

UMB Financial Corp. (b)

    16,960        825,613   

Umpqua Holdings Corp. (b)

    60,457        779,291   

Union First Market Bankshares Corp.

    9,844        153,173   

United Bankshares, Inc. (b)

    25,900        645,169   

United Community Banks, Inc. (a)

    21,449        179,957   

Univest Corp. of Pennsylvania

    9,559        172,062   

Virginia Commerce Bancorp, Inc. (a)

    12,096        105,840   

Washington Banking Co.

    9,167        129,896   

Washington Trust Bancorp, Inc.

    7,713        202,621   

Webster Finanical Corp.

    38,104        903,065   

WesBanco, Inc. (b)

    12,861        266,351   

West Bancorporation, Inc. (b)

    8,036        96,834   

West Coast Bancorp (a)

    10,292        231,776   

Westamerica Bancorp (b)

    14,310        673,285   

Western Alliance Bancorp (a) (b)

    37,712        384,662   

Wilshire Bancorp, Inc. (a)

    29,438        185,459   

Wintrust Financial Corp. (b)

    19,337        726,491   
   

 

 

 
      41,370,048   
   

 

 

 

Commercial Services & Supplies—2.0%

   

ABM Industries, Inc.

    27,975        529,567   

ACCO Brands Corp. (a)

    58,424        379,172   

Commercial Services & Supplies—(Continued)

  

Acorn Energy, Inc.

    10,156      $ 90,591   

American Reprographics Co. (a)

    21,042        89,849   

Consolidated Graphics, Inc. (a)

    5,130        133,842   

Deluxe Corp. (b)

    25,397        776,132   

EnergySolutions, Inc. (a)

    44,723        122,094   

EnerNOC, Inc. (a)

    15,853        205,772   

Ennis, Inc. (b)

    14,123        231,758   

G&K Services, Inc.

    10,384        325,123   

Healthcare Services Group, Inc. (b)

    35,527        812,502   

Heritage-Crystal Clean, Inc. (a) (b)

    4,299        85,335   

Herman Miller, Inc.

    30,530        593,503   

Higher One Holdings, Inc. (a) (b)

    15,855        213,725   

HNI Corp. (b)

    24,237        618,286   

Innerworkings, Inc. (a) (b)

    17,056        222,069   

Interface, Inc.

    31,333        413,909   

Kimball International, Inc. (Class B) (b)

    18,813        229,895   

Knoll, Inc. (b)

    25,885        361,096   

McGrath Rentcorp

    13,375        348,954   

Mine Safety Appliances Co.

    14,087        525,022   

Mobile Mini, Inc. (a) (b)

    19,043        318,209   

Multi-Color Corp. (b)

    6,895        159,688   

Quad/Graphics, Inc. (b)

    13,076        221,769   

Schawk, Inc.

    6,937        90,528   

Standard Parking Corp. (a)

    8,683        194,760   

Steelcase, Inc.

    41,383        407,623   

Swisher Hygiene, Inc. (a) (b)

    13,808        19,055   

SYKES Enterprises, Inc. (a)

    22,444        301,647   

Team, Inc. (a)

    10,055        320,252   

Tetra Tech, Inc. (a) (c)

    33,211        872,121   

The Brink’s Co.

    24,924        640,298   

The GEO Group, Inc. (a)

    31,980        884,887   

U.S. Ecology, Inc.

    10,060        217,095   

United Stationers, Inc.

    19,967        519,541   

Viad Corp. (b)

    11,786        245,856   
   

 

 

 
      12,721,525   
   

 

 

 

Communications Equipment—2.0%

   

ADTRAN, Inc. (b)

    33,462        578,223   

Anaren, Inc. (a) (b)

    8,343        166,777   

Arris Group, Inc. (a)

    59,022        754,891   

Aruba Networks, Inc. (a) (b)

    59,276        1,332,821   

Aviat Networks, Inc. (a)

    34,336        81,720   

Bel Fuse, Inc. (Class B)

    6,585        123,008   

Black Box Corp.

    9,812        250,304   

CalAmp Corp. (a)

    15,906        130,588   

Calix, Inc. (a) (b)

    19,494        124,762   

Ciena Corp. (a) (b)

    52,583        715,129   

Comtech Telecommunications Corp. (a) (b)

    8,425        232,867   

Digi International, Inc. (a)

    14,316        145,451   

Emulex Corp. (a)

    45,893        330,889   

Extreme Networks (a)

    50,140        167,468   

Finisar Corp. (a) (b)

    47,662        681,567   

Globecomm Systems, Inc. (a) (b)

    14,070        156,881   

Harmonic, Inc. (a)

    59,191        268,727   

Infinera Corp. (a) (b)

    63,652        348,813   

InterDigital, Inc. (b)

    23,973        893,713   

Ixia (a) (b)

    20,969        336,972   

KVH Industries, Inc. (a)

    8,641        116,567   

Loral Space & Communications, Inc. (a) (b)

    5,792        411,811   

 

MSF-175


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Communications Equipment—(Continued)

   

NETGEAR, Inc. (a) (b)

    20,185      $ 769,856   

Oclaro, Inc. (a) (b)

    37,862        102,227   

Oplink Communications, Inc. (a)

    10,830        179,128   

Parkervision, Inc. (a) (b)

    19,955        46,695   

Plantronics, Inc. (b)

    23,070        815,063   

Procera Networks, Inc. (a)

    10,321        242,543   

SeaChange International, Inc. (a) (b)

    15,237        119,610   

ShoreTel, Inc. (a)

    25,559        104,536   

Sonus Networks, Inc. (a)

    115,150        216,482   

Sycamore Networks, Inc. (a)

    12,843        197,782   

Symmetricom, Inc. (a)

    25,522        177,888   

Tellabs, Inc.

    194,568        688,771   

Telular Corp. (b)

    9,422        93,278   

ViaSat, Inc. (a) (b)

    19,916        744,460   
   

 

 

 
      12,848,268   
   

 

 

 

Computers & Peripherals—0.6%

   

Avid Technology, Inc. (a) (b)

    15,838        149,828   

Cray, Inc. (a)

    19,023        241,592   

Electronics for Imaging, Inc. (a)

    24,822        412,294   

Imation Corp. (a)

    16,653        93,090   

Immersion Corp. (a) (b)

    16,446        89,960   

Intermec, Inc. (a)

    30,773        191,100   

Intevac, Inc. (a)

    10,996        67,186   

OCZ Technology Group, Inc. (a) (b)

    35,153        121,981   

QLogic Corp. (a)

    51,727        590,722   

Quantum Corp. (a) (b)

    116,840        188,112   

Silicon Graphics International Corp. (a) (b)

    18,071        164,446   

STEC, Inc. (a)

    21,917        147,940   

Stratasys, Inc. (a) (b)

    10,894        592,634   

Super Micro Computer, Inc. (a)

    14,579        175,385   

Synaptics, Inc. (a) (b)

    18,012        432,648   
   

 

 

 
      3,658,918   
   

 

 

 

Construction & Engineering—0.8%

   

Aegion Corp. (a) (b)

    20,173        386,515   

Argan, Inc. (a)

    5,506        96,080   

Comfort Systems USA, Inc. (b)

    21,659        236,733   

Dycom Industries, Inc. (a)

    18,140        260,853   

EMCOR Group, Inc. (a)

    35,595        1,015,881   

Furmanite Corp. (a)

    21,557        122,444   

Granite Construction, Inc.

    20,021        575,003   

Great Lakes Dredge & Dock Corp.

    32,033        246,654   

Layne Christensen Co. (a) (b)

    10,438        204,689   

MasTec, Inc. (a) (b)

    29,428        579,732   

Michael Baker Corp.

    4,638        110,663   

MYR Group, Inc. (a)

    10,017        199,839   

Northwest Pipe Co. (a)

    4,794        118,172   

Orion Marine Group, Inc. (a)

    14,575        108,292   

Pike Electric Corp. (a)

    9,657        76,773   

Primoris Services Corp.

    14,921        194,719   

Sterling Construction Co., Inc. (a) (b)

    8,227        82,105   

Tutor Perini Corp. (a)

    19,192        219,557   
   

 

 

 
      4,834,704   
   

 

 

 

Construction Materials—0.3%

   

Eagle Materials, Inc.

    23,177        1,072,168   

Headwaters, Inc. (a)

    34,873        229,464   

Construction Materials—(Continued)

   

Texas Industries, Inc. (b)

    12,237      $ 497,434   
   

 

 

 
      1,799,066   
   

 

 

 

Consumer Finance—0.6%

   

Cash America International, Inc. (b)

    15,693        605,279   

Credit Acceptance Corp. (a)

    4,233        361,964   

DFC Global Corp. (a)

    22,515        386,132   

Ezcorp., Inc. (a)

    24,505        561,900   

First Cash Financial Services, Inc. (a)

    14,639        673,541   

Green Dot Corp. (a) (b)

    12,988        158,843   

Nelnet, Inc.

    11,399        270,612   

Netspend Holdings, Inc. (a)

    16,359        160,809   

World Acceptance Corp. (a) (b)

    5,911        398,697   
   

 

 

 
      3,577,777   
   

 

 

 

Containers & Packaging—0.2%

   

AEP Industries, Inc. (a) (b)

    2,424        146,870   

Boise, Inc. (a)

    53,751        470,859   

Graphic Packaging Holding Co. (a)

    89,274        518,682   

Myers Industries, Inc.

    17,980        280,847   
   

 

 

 
      1,417,258   
   

 

 

 

Distributors—0.2%

   

Core-Mark Holding Co., Inc. (a)

    5,932        285,389   

Pool Corp.

    25,671        1,067,400   

VOXX International Corp. (a)

    11,030        82,504   
   

 

 

 
      1,435,293   
   

 

 

 

Diversified Consumer Services—1.0%

   

American Public Education, Inc. (a) (b)

    9,943        362,224   

Bridgepoint Education, Inc. (a) (b)

    9,743        98,891   

Capella Education Co. (a)

    7,429        260,461   

Career Education Corp. (a)

    28,713        108,248   

Carriage Services, Inc. (b)

    9,414        91,033   

Coinstar, Inc. (a) (b)

    16,796        755,484   

Corinthian Colleges, Inc. (a) (b)

    47,588        113,259   

Grand Canyon Education, Inc. (a)

    21,494        505,754   

Hillenbrand, Inc.

    28,780        523,508   

K12, Inc. (a) (b)

    13,883        280,437   

Mac-Gray Corp.

    7,254        97,276   

Matthews International Corp.

    15,814        471,573   

Regis Corp. (b)

    30,707        564,395   

Sotheby’s (b)

    36,034        1,135,071   

Steiner Leisure, Ltd. (a)

    8,240        383,572   

Stewart Enterprises, Inc. (b)

    36,822        309,121   

Strayer Education, Inc. (b)

    6,343        408,172   

Universal Technical Institute, Inc. (a)

    11,178        153,139   
   

 

 

 
      6,621,618   
   

 

 

 

Diversified Financial Services—0.5%

   

Encore Capital Group, Inc. (a)

    11,801        333,496   

MarketAxess Holdings, Inc.

    19,495        616,042   

Marlin Business Services Corp.

    4,620        97,990   

NewStar Financial, Inc. (a) (b)

    14,397        172,620   

PHH Corp. (a)

    30,324        617,093   

Pico Holdings, Inc. (a)

    12,147        277,195   

Portfolio Recovery Associates, Inc. (a)

    9,087        948,956   
   

 

 

 
      3,063,392   
   

 

 

 

 

MSF-176


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Diversified Telecommunication Services—0.6%

  

8X8, Inc. (a)

    37,474      $ 245,829   

Atlantic Tele-Network, Inc. (b)

    4,754        204,327   

Cbeyond, Inc. (a)

    13,419        132,311   

Cincinnati Bell, Inc. (a) (b)

    105,708        602,536   

Cogent Communications Group, Inc. (a) (b)

    24,794        570,014   

Consolidated Communications Holdings, Inc. (b)

    19,265        331,165   

Fairpoint Communications, Inc. (a) (b)

    11,602        87,711   

General Communication, Inc. (a)

    20,236        198,313   

Hawaiian Telcom Holdco., Inc. (a) (b)

    6,401        113,490   

HickoryTech Corp. (b)

    6,922        73,235   

IDT Corp.

    8,438        86,658   

inContact, Inc. (a)

    17,083        111,381   

Iridium Communications, Inc. (a)

    23,828        174,421   

magicJack VocalTec, Ltd. (a)

    8,170        200,410   

Neutral Tandem, Inc. (a)

    17,795        166,917   

ORBCOMM, Inc. (a)

    20,007        74,826   

Premiere Global Services, Inc. (a) (b)

    24,982        233,582   

Primus Telecommunications Group, Inc. (a) (b)

    7,569        115,579   

Towerstream Corp. (a) (b)

    23,379        94,919   

Vonage Holdings Corp. (a)

    74,697        170,309   
   

 

 

 
      3,987,933   
   

 

 

 

Electric Utilities—1.4%

   

Allete, Inc.

    20,181        842,355   

Cleco Corp.

    32,177        1,350,791   

El Paso Electric Co.

    21,145        724,216   

IDACORP, Inc. (b)

    26,162        1,132,030   

MGE Energy, Inc.

    12,573        666,243   

PNM Resources, Inc.

    42,143        886,267   

Portland General Electric Co.

    39,771        1,075,408   

The Empire District Electric Co.

    22,399        482,699   

UIL Holdings Corp.

    26,643        955,418   

Unitil Corp.

    7,429        202,217   

UNS Energy Corp.

    21,055        881,362   
   

 

 

 
      9,199,006   
   

 

 

 

Electrical Equipment—1.1%

   

Acuity Brands, Inc.

    21,473        1,359,026   

American Superconductor Corp. (a) (b)

    26,590        110,349   

AZZ, Inc.

    13,326        506,121   

Belden, Inc.

    23,192        855,321   

Brady Corp.

    25,291        740,520   

Capstone Turbine Corp. (a) (b)

    123,158        123,158   

Encore Wire Corp.

    8,083        236,509   

EnerSys (a)

    25,256        891,284   

Franklin Electric Co., Inc. (b)

    12,236        740,156   

FuelCell Energy, Inc. (a) (b)

    5,366        4,722   

Generac Holdings, Inc. (a)

    12,918        295,693   

Global Power Equipment Group, Inc. (a)

    8,163        150,934   

II-VI, Inc. (a)

    27,302        519,284   

LSI Industries, Inc.

    11,169        75,279   

Powell Industries, Inc. (a)

    4,404        170,303   

Thermon Group Holdings, Inc. (a)

    7,965        199,045   

Vicor Corp.

    11,018        73,490   
   

 

 

 
      7,051,194   
   

 

 

 

Electronic Equipment, Instruments & Components—2.1%

  

Anixter International, Inc. (a)

    15,032        863,739   

Benchmark Electronics, Inc. (a)

    30,443        464,865   

Electronic Equipment, Instruments & Components—(Continued)

  

Brightpoint, Inc. (a)

    38,434      $ 345,137   

Checkpoint Systems, Inc. (a)

    21,005        173,921   

Cognex Corp.

    22,737        786,245   

Coherent, Inc. (a)

    12,319        564,949   

CTS Corp.

    18,070        181,965   

Daktronics, Inc.

    18,513        176,059   

DTS, Inc. (a) (b)

    9,298        216,457   

Echelon Corp. (a) (b)

    21,855        83,923   

Electro Rent Corp.

    9,062        160,307   

Electro Scientific Industries, Inc. (a)

    11,663        142,522   

Fabrinet (a) (b)

    10,572        122,529   

FARO Technologies, Inc. (a)

    8,551        353,327   

FEI Co.

    19,290        1,032,015   

Gerber Scientific, Inc. (a) (b)

    14,024        0   

GSI Group, Inc. (a)

    18,739        166,965   

Insight Enterprises, Inc. (a) (c)

    22,462        392,636   

InvenSense, Inc. (a) (b)

    19,747        235,977   

Kemet Corp. (a)

    22,874        100,646   

Littelfuse, Inc.

    11,485        649,362   

Maxwell Technologies, Inc. (a)

    14,377        116,741   

Measurement Specialties, Inc. (a)

    8,286        273,272   

Mercury Computer Systems, Inc. (a)

    15,581        165,470   

Methode Electronics, Inc. (b)

    20,336        197,463   

MTS Systems Corp.

    8,022        429,578   

Multi-Fineline Electronix, Inc. (a) (b)

    5,936        133,857   

Newport Corp. (a)

    20,202        223,434   

OSI Systems, Inc. (a)

    10,522        819,033   

Park Electrochemical Corp.

    10,569        262,428   

Plexus Corp. (a) (c)

    18,360        556,124   

Power-One, Inc. (a) (b)

    37,411        209,502   

Richardson Electronics, Ltd. (b)

    8,010        95,079   

Rofin-Sinar Technologies, Inc. (a) (b)

    15,227        300,429   

Rogers Corp. (a)

    8,965        379,757   

Sanmina-SCI Corp. (a)

    42,537        361,139   

Scansource, Inc. (a)

    14,516        464,802   

SYNNEX Corp. (a) (b)

    13,438        437,810   

TTM Technologies, Inc. (a)

    26,923        253,884   

Universal Display Corp. (a) (b)

    21,034        723,149   

Vishay Precision Group, Inc. (a) (b)

    6,373        89,095   

Zygo Corp. (a)

    8,667        158,519   
   

 

 

 
      13,864,111   
   

 

 

 

Energy Equipment & Services—1.9%

   

Basic Energy Services, Inc. (a) (b)

    20,745        232,759   

Bristow Group, Inc. (a)

    19,244        972,784   

C&J Energy Services, Inc. (a) (b)

    23,819        473,998   

Cal Dive International, Inc. (a) (b)

    50,687        77,551   

Dawson Geophysical Co. (a) (b)

    5,124        129,432   

Dril-Quip, Inc. (a)

    21,257        1,527,953   

Exterran Holdings, Inc. (a)

    33,119        671,653   

Forum Energy Technologies, Inc. (a)

    12,683        308,451   

Geospace Technologies Corp. (a)

    3,433        420,234   

Gulf Island Fabrication, Inc. (b)

    7,812        217,720   

Gulfmark Offshore, Inc. (a)

    14,262        471,216   

Helix Energy Solutions Group, Inc. (a)

    55,982        1,022,791   

Hercules Offshore, Inc. (a)

    82,886        404,484   

Hornbeck Offshore Services, Inc. (a)

    18,781        688,324   

ION Geophysical Corp. (a) (b)

    68,572        475,890   

Key Energy Services, Inc. (a)

    80,293        562,051   

 

MSF-177


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—(Continued)

   

Lufkin Industries, Inc. (b)

    17,574      $ 945,833   

Matrix Service Co. (a)

    14,196        150,052   

Mitcham Industries, Inc. (a)

    7,031        112,004   

Natural Gas Services Group, Inc. (a) (b)

    6,643        99,313   

Newpark Resources, Inc. (a) (b)

    49,796        368,988   

Parker Drilling Co. (a)

    67,607        285,978   

PHI, Inc. (a) (b)

    7,440        234,062   

Pioneer Energy Services Corp. (a)

    31,825        247,917   

RigNet, Inc. (a) (b)

    6,898        127,613   

Tesco Corp. (a)

    16,366        174,789   

Tetra Technologies, Inc. (a)

    39,068        236,361   

Vantage Drilling Co. (a) (b)

    106,150        195,316   

Willbros Group, Inc. (a)

    22,413        120,358   
   

 

 

 
      11,955,875   
   

 

 

 

Food & Staples Retailing—1.1%

   

Casey’s General Stores, Inc.

    20,162        1,152,057   

Chefs’ Warehouse Holdings, LLC (a) (b)

    6,163        100,950   

Harris Teeter Supermarkets, Inc.

    23,320        905,749   

Ingles Markets, Inc. (b)

    7,334        119,911   

Nash Finch Co.

    6,720        137,222   

Natural Grocers by Vitamin Cottage, Inc. (a)

    6,334        141,375   

Pricesmart, Inc. (b)

    9,705        734,863   

Rite Aid Corp. (a)

    354,324        414,559   

Spartan Stores, Inc. (b)

    11,884        181,944   

SUPERVALU, Inc. (b)

    113,610        273,800   

Susser Holdings Corp. (a)

    6,155        222,626   

The Andersons, Inc.

    10,396        391,513   

The Pantry, Inc. (a)

    12,441        181,017   

United Natural Foods, Inc. (a)

    25,510        1,491,059   

Village Super Market, Inc.

    4,726        173,728   

Weis Markets, Inc. (b)

    6,205        262,658   
   

 

 

 
      6,885,031   
   

 

 

 

Food Products—1.5%

   

Annie’s, Inc. (a)

    3,181        142,636   

B&G Foods, Inc.

    24,202        733,563   

Cal-Maine Foods, Inc.

    7,468        335,612   

Calavo Growers, Inc. (b)

    6,124        153,100   

Chiquita Brands International, Inc. (a) (b)

    24,259        185,339   

Darling International, Inc. (a)

    60,621        1,108,758   

Diamond Foods, Inc. (b)

    11,661        219,460   

Dole Food Co., Inc. (a)

    20,253        284,150   

Fresh Del Monte Produce, Inc. (a) (b)

    20,445        523,392   

J&J Snack Foods Corp.

    7,928        454,512   

Lancaster Colony Corp.

    9,882        723,856   

Limoneira Co.

    4,954        91,302   

Omega Protein Corp. (a)

    10,030        68,806   

Pilgrim’s Pride Corp. (a)

    32,160        164,338   

Post Holdings, Inc. (a)

    14,814        445,309   

Sanderson Farms, Inc.

    11,409        506,217   

Seneca Foods Corp. (a)

    4,612        137,714   

Smart Balance, Inc. (a) (b)

    31,712        383,081   

Snyders-Lance, Inc.

    24,477        611,925   

The Hain Celestial Group, Inc. (a)

    19,565        1,232,595   

Tootsie Roll Industries, Inc. (b)

    11,208        302,392   

TreeHouse Foods, Inc. (a)

    18,597        976,342   
   

 

 

 
      9,784,399   
   

 

 

 

Gas Utilities—1.0%

   

Chesapeake Utilities Corp. (b)

    4,498      $ 213,025   

Delta Natural Gas Co., Inc. (b)

    3,784        73,258   

New Jersey Resources Corp. (b)

    21,933        1,002,777   

Northwest Natural Gas Co.

    14,144        696,451   

Piedmont Natural Gas Co., Inc.

    37,459        1,216,668   

South Jersey Industries, Inc.

    15,904        841,799   

Southwest Gas Corp.

    23,934        1,057,883   

The Laclede Group, Inc. (b)

    12,170        523,310   

WGL Holdings, Inc.

    26,917        1,083,409   
   

 

 

 
      6,708,580   
   

 

 

 

Health Care Equipment & Supplies—3.3%

   

Abaxis, Inc. (a)

    12,234        439,445   

ABIOMED, Inc. (a) (b)

    16,820        353,052   

Accuray, Inc. (a) (b)

    37,218        263,503   

Align Technology, Inc. (a) (b)

    38,046        1,406,561   

Analogic Corp.

    6,542        511,388   

Angiodynamics, Inc. (a)

    13,423        163,761   

Anika Therapeutics, Inc. (a) (b)

    6,782        101,866   

Antares Pharma, Inc. (a) (b)

    45,848        199,897   

ArthroCare Corp. (a)

    14,508        470,059   

Atrion Corp. (b)

    874        193,591   

Cantel Medical Corp.

    10,408        281,849   

Cardiovascular Systems, Inc. (a) (b)

    8,814        101,890   

Cerus Corp. (a) (b)

    29,134        99,056   

Conceptus, Inc. (a) (b)

    16,733        339,847   

Conmed Corp. (a)

    13,957        397,775   

CryoLife, Inc. (a)

    17,220        115,718   

Cyberonics, Inc. (a)

    14,671        769,054   

Cynosure, Inc. (a)

    5,968        157,436   

DexCom, Inc. (a)

    35,316        530,800   

Endologix, Inc. (a)

    29,672        410,067   

Exactech, Inc. (a) (b)

    5,322        94,891   

Globus Medical, Inc. (a)

    8,432        152,029   

Greatbatch, Inc. (a)

    12,931        314,611   

Haemonetics Corp. (a)

    13,261        1,063,532   

HeartWare International, Inc. (a) (b)

    7,532        711,699   

ICU Medical, Inc. (a)

    6,398        386,951   

Insulet Corp. (a)

    25,524        550,808   

Integra LifeSciences Holdings Corp. (a)

    10,937        449,511   

Invacare Corp.

    15,930        225,250   

IRIS International, Inc. (a)

    8,219        160,435   

MAKO Surgical Corp. (a) (b)

    19,333        336,588   

Masimo Corp. (a)

    26,648        644,349   

Meridian Bioscience, Inc. (b)

    22,552        432,547   

Merit Medical Systems, Inc. (a)

    21,638        323,055   

Natus Medical, Inc. (a)

    16,472        215,289   

Navidea Biopharmaceuticals, Inc. (a) (b)

    62,068        170,687   

Neogen Corp. (a)

    11,754        501,896   

NuVasive, Inc. (a)

    22,552        516,666   

NxStage Medical, Inc. (a) (b)

    26,395        348,678   

OraSure Technologies, Inc. (a) (b)

    29,491        327,940   

Orthofix International NV (a)

    9,598        429,511   

Palomar Medical Technologies, Inc. (a)

    11,206        105,785   

PhotoMedex, Inc. (a) (b)

    8,374        117,738   

Quidel Corp. (a) (b)

    13,903        263,184   

Rockwell Medical Technologies, Inc. (a) (b)

    16,055        131,169   

RTI Biologics, Inc. (a)

    32,270        134,566   

Solta Medical, Inc. (a) (b)

    36,732        115,338   

 

MSF-178


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—(Continued)

  

Spectranetics Corp. (a)

    19,030      $ 280,693   

Staar Surgical Co. (a)

    19,419        146,808   

STERIS Corp.

    29,805        1,057,183   

SurModics, Inc. (a)

    6,337        128,134   

Symmetry Medical, Inc. (a)

    21,060        208,283   

Tornier NV (a)

    8,318        157,626   

Unilife Corp. (a) (b)

    37,253        116,229   

Vascular Solutions, Inc. (a)

    9,953        147,404   

Volcano Corp. (a) (b)

    27,732        792,303   

West Pharmaceutical Services, Inc. (b)

    18,062        958,550   

Wright Medical Group, Inc. (a)

    20,976        463,779   

Young Innovations, Inc. (b)

    3,398        132,862   
   

 

 

 
      21,121,172   
   

 

 

 

Health Care Providers & Services—2.9%

   

Acadia Healthcare Co., Inc. (a)

    13,306        317,348   

Accretive Health, Inc. (a) (b)

    30,305        338,204   

Air Methods Corp. (a) (b)

    6,842        816,729   

Almost Family, Inc. (a)

    4,862        103,463   

Amedisys, Inc. (a) (b)

    18,591        256,742   

AMN Healthcare Services, Inc. (a)

    20,644        207,679   

AmSurg Corp. (a)

    17,693        502,127   

Assisted Living Concepts, Inc. (a) (b)

    10,628        81,092   

Bio-Reference Labs, Inc. (a) (b)

    12,716        363,423   

BioScrip, Inc. (a)

    24,999        227,741   

Capital Senior Living Corp. (a)

    14,260        206,342   

Centene Corp. (a)

    26,880        1,005,581   

Chemed Corp. (b)

    10,240        709,530   

Corvel Corp. (a)

    3,920        175,420   

Emeritus Corp. (a) (b)

    15,831        331,501   

ExamWorks Group, Inc. (a) (b)

    14,017        209,134   

Five Star Quality Care, Inc. (a)

    25,265        129,104   

Gentiva Health Services, Inc. (a) (b)

    16,117        182,444   

Hanger Orthopedic Group, Inc. (a)

    17,356        495,167   

Healthsouth Corp. (a)

    50,404        1,212,720   

Healthways, Inc. (a)

    18,606        217,876   

HMS Holdings Corp. (a)

    44,959        1,502,979   

IPC The Hospitalist Co., Inc. (a)

    9,377        428,529   

Kindred Healthcare, Inc. (a) (b)

    29,215        332,467   

Landauer, Inc. (b)

    5,165        308,454   

LHC Group, Inc. (a)

    8,340        154,040   

Magellan Health Services, Inc. (a)

    13,818        713,147   

Metropolitan Health Networks, Inc. (a)

    21,183        197,849   

Molina Healthcare, Inc. (a) (b)

    16,104        405,016   

MWI Veterinary Supply, Inc. (a)

    6,571        700,994   

National Healthcare Corp. (b)

    5,246        250,444   

Owens & Minor, Inc. (b)

    33,804        1,010,063   

PharMerica Corp. (a) (b)

    17,146        217,068   

PSS World Medical, Inc. (a) (b)

    27,282        621,484   

Select Medical Holdings Corp. (a)

    19,234        215,998   

Sun Healthcare Group, Inc. (a)

    14,365        121,600   

Sunrise Senior Living, Inc. (a)

    31,165        444,725   

Team Health Holdings, Inc. (a)

    15,271        414,302   

The Ensign Group, Inc.

    8,109        248,176   

The Providence Service Corp. (a)

    7,703        100,062   

Triple-S Management Corp. (a)

    12,074        252,347   

U.S. Physical Therapy, Inc. (a)

    6,011        166,084   

Universal American Corp. (a) (b)

    20,509        189,503   

Vanguard Health Systems, Inc. (a)

    16,940        209,548   

Health Care Providers & Services—(Continued)

  

WellCare Health Plans, Inc. (a)

    22,057      $ 1,247,323   
   

 

 

 
      18,541,569   
   

 

 

 

Health Care Technology—0.7%

   

athenahealth, Inc. (a)

    18,964        1,740,326   

Computer Programs & Systems, Inc. (b)

    5,856        325,301   

Epocrates, Inc. (a)

    10,742        125,144   

Greenway Medical Technologies (a)

    4,633        79,224   

HealthStream, Inc. (a) (b)

    10,052        286,080   

MedAssets, Inc. (a)

    31,309        557,300   

Medidata Solutions, Inc. (a)

    11,401        473,142   

Merge Healthcare, Inc. (a) (b)

    29,111        111,495   

Omnicell, Inc. (a)

    16,926        235,271   

Quality Systems, Inc.

    20,268        375,972   

Vocera Communications, Inc. (a)

    4,339        134,119   
   

 

 

 
      4,443,374   
   

 

 

 

Hotels, Restaurants & Leisure—3.1%

   

AFC Enterprises, Inc. (a)

    12,829        315,593   

Ameristar Casinos, Inc.

    16,695        297,171   

Biglari Holdings, Inc. (a)

    605        220,861   

BJ’s Restaurants, Inc. (a) (b)

    13,550        614,493   

Bloomin’ Brands, Inc. (a)

    13,225        217,551   

Bob Evans Farms, Inc. (b)

    14,725        576,189   

Boyd Gaming Corp. (a) (b)

    29,447        207,896   

Bravo Brio Restaurant Group, Inc. (a)

    9,979        145,194   

Buffalo Wild Wings, Inc. (a) (b)

    10,005        857,829   

Caesars Entertainment Corp. (a) (b)

    22,018        149,722   

Caribou Coffee Co., Inc. (a) (b)

    11,809        162,138   

CEC Entertainment, Inc.

    9,410        283,429   

Churchill Downs, Inc.

    6,465        405,485   

Chuy’s Holdings, Inc. (a)

    5,877        144,104   

Cracker Barrel Old Country Store, Inc.

    10,275        689,555   

Denny’s Corp. (a)

    50,069        242,835   

DineEquity, Inc. (a) (b)

    8,015        448,840   

Domino’s Pizza, Inc. (a)

    30,959        1,167,154   

Fiesta Restaurant Group, Inc. (a)

    7,465        118,470   

International Speedway Corp.

    15,258        432,870   

Interval Leisure Group, Inc. (a) (b)

    21,655        409,929   

Isle of Capri Casinos, Inc. (a)

    12,840        89,238   

Jack in the Box, Inc. (a)

    22,716        638,547   

Jamba, Inc. (a)

    39,716        88,567   

Krispy Kreme Doughnuts, Inc. (a) (b)

    34,392        272,729   

Life Time Fitness, Inc. (a) (b)

    22,025        1,007,424   

Luby’s, Inc. (a)

    11,930        80,289   

Marcus Corp.

    11,702        129,892   

Marriott Vacations Worldwide Corp. (a)

    14,288        514,654   

Morgans Hotel Group Co. (a)

    13,063        83,865   

Multimedia Games Holding Co., Inc. (a)

    15,847        249,273   

Orient-Express Hotels, Ltd. (Class A) (a)

    52,036        463,120   

Papa John’s International, Inc. (a)

    9,944        531,109   

Peet’s Coffee & Tea, Inc. (a)

    6,858        502,966   

Pinnacle Entertainment, Inc. (a)

    33,689        412,690   

Red Robin Gourmet Burgers, Inc. (a)

    8,024        261,261   

Ruby Tuesday, Inc. (a) (b)

    34,631        251,075   

Ruth’s Hospitality Group, Inc. (a)

    17,912        114,099   

Ryman Hospitality Properties (a)

    14,819        585,795   

Scientific Games Corp. (a)

    29,648        245,189   

 

MSF-179


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—(Continued)

   

Shuffle Master, Inc. (a)

    29,393      $ 464,703   

Six Flags Entertainment Corp.

    20,745        1,219,806   

Sonic Corp. (a)

    33,333        342,330   

Speedway Motorsports, Inc. (b)

    7,078        109,001   

Summit Hotel Properties, Inc. (a)

    14,662        125,214   

Texas Roadhouse, Inc. (b)

    33,762        577,330   

The Cheesecake Factory, Inc. (b)

    27,959        999,534   

Town Sports International Holdings, Inc. (a)

    15,866        196,262   

Vail Resorts, Inc.

    18,297        1,054,822   

WMS Industries, Inc. (a) (b)

    29,436        482,162   
   

 

 

 
      20,200,254   
   

 

 

 

Household Durables—1.1%

   

American Greetings Corp. (b)

    20,889        350,935   

Bassett Furniture Industries, Inc.

    6,778        84,386   

Beazer Homes USA, Inc. (a) (b)

    68,502        243,182   

Blyth, Inc. (b)

    5,088        132,237   

Cavco Industries, Inc. (a) (b)

    4,578        210,085   

CSS Industries, Inc.

    4,201        86,331   

Ethan Allen Interiors, Inc.

    12,159        266,525   

Helen of Troy, Ltd. (a)

    16,965        539,996   

Hooker Furniture Corp.

    6,393        83,045   

Hovnanian Enterprises, Inc. (a) (b)

    56,064        193,982   

iRobot Corp. (a)

    14,746        335,619   

KB Home (b)

    39,875        572,206   

La-Z-Boy, Inc. (a)

    26,643        389,787   

Libbey, Inc. (a)

    13,765        217,212   

M/I Homes, Inc. (a)

    10,482        202,722   

MDC Holdings, Inc.

    19,869        765,155   

Meritage Homes Corp. (a)

    16,435        625,023   

National Presto Industries, Inc. (b)

    2,572        187,447   

Ryland Group, Inc.

    23,729        711,870   

Skullcandy, Inc. (a) (b)

    9,199        126,486   

Standard Pacific Corp. (a) (b)

    57,653        389,734   

Universal Electronics, Inc. (a) (b)

    7,461        131,165   

Zagg, Inc. (a)

    14,281        121,817   
   

 

 

 
      6,966,947   
   

 

 

 

Household Products—0.2%

   

Central Garden & Pet Co. (a)

    23,384        282,479   

Harbinger Group, Inc. (a) (b)

    22,501        189,683   

Spectrum Brands Holdings, Inc. (a)

    12,344        493,884   

WD-40 Co.

    8,908        468,917   
   

 

 

 
      1,434,963   
   

 

 

 

Independent Power Producers & Energy Traders—0.3%

  

Atlantic Power Corp. (b)

    60,001        897,615   

GenOn Energy, Inc. (a)

    382,863        968,643   

Ormat Technologies, Inc. (b)

    9,298        174,338   
   

 

 

 
      2,040,596   
   

 

 

 

Industrial Conglomerates—0.3%

   

Otter Tail Corp. (b)

    19,686        469,708   

Raven Industries, Inc.

    18,658        549,105   

Seaboard Corp.

    171        386,482   

Standex International Corp.

    6,755        300,260   

Tredegar Corp. (b)

    13,367        237,130   
   

 

 

 
      1,942,685   
   

 

 

 

Insurance—2.4%

   

Alterra Capital Holdings, Ltd.

    44,198      $ 1,058,100   

American Equity Investment Life Holding Co. (b)

    31,130        362,042   

American Safety Insurance Holdings Ltd. (a) (b)

    5,779        108,010   

AMERISAFE, Inc. (a)

    9,298        252,348   

Amtrust Financial Services, Inc.

    12,894        330,344   

Argo Group International Holdings, Ltd.

    14,239        461,201   

Baldwin & Lyons, Inc. (Class B) (b)

    4,133        98,820   

Citizens, Inc. (a) (b)

    22,172        232,584   

CNO Financial Group, Inc. (a)

    111,312        1,074,161   

Crawford & Co.

    15,082        75,561   

eHealth, Inc. (a)

    9,723        182,501   

Employers Holdings, Inc. (b)

    16,380        300,245   

Enstar Group, Ltd. (a)

    4,522        450,617   

FBL Financial Group, Inc. (b)

    4,790        159,028   

First American Financial Corp.

    55,676        1,206,499   

Flagstone Reinsurance Holdings S.A.

    28,130        241,637   

Global Indemnity plc (a)

    6,518        142,614   

Greenlight Capital Re, Ltd. (a)

    15,207        376,373   

Hilltop Holdings, Inc. (a)

    23,109        293,715   

Homeowners Choice, Inc. (b)

    4,183        98,301   

Horace Mann Educators Corp.

    21,022        380,708   

Infinity Property & Casualty Corp.

    5,697        344,042   

Kansas City Life Insurance Co. (b)

    2,207        85,036   

Maiden Holdings, Ltd.

    26,833        238,545   

Meadowbrook Insurance Group, Inc.

    26,803        206,115   

Montpelier Re Holdings, Ltd.

    26,734        591,623   

National Financial Partners Corp. (a) (b)

    22,843        386,047   

National Interstate Corp.

    3,464        89,371   

National Western Life Insurance Co.

    1,212        173,619   

OneBeacon Insurance Group, Ltd.

    11,496        154,506   

Platinum Underwriters Holdings, Ltd.

    18,204        743,997   

Presidential Life Corp. (b)

    9,602        133,756   

Primerica, Inc. (a)

    25,062        717,776   

RLI Corp.

    11,278        751,791   

Safety Insurance Group, Inc.

    6,815        312,672   

SeaBright Holdings, Inc.

    12,481        137,291   

Selective Insurance Group, Inc.

    28,514        541,481   

State Auto Financial Corp.

    7,940        130,137   

Stewart Information Services Corp.

    9,368        188,672   

Symetra Financial Corp.

    41,392        509,122   

The Navigators Group, Inc. (a)

    4,619        227,370   

The Phoenix Cos., Inc. (a)

    3,332        102,192   

Tower Group, Inc.

    18,115        351,250   

United Fire Group, Inc.

    9,732        244,468   
   

 

 

 
      15,246,288   
   

 

 

 

Internet & Catalog Retail—0.3%

   

Blue Nile, Inc. (a) (b)

    6,605        244,979   

HSN, Inc.

    19,515        957,211   

NutriSystem, Inc. (b)

    14,262        150,179   

PetMed Express, Inc. (b)

    13,291        133,442   

Shutterfly, Inc. (a) (b)

    19,128        595,263   

Vitacost.com, Inc. (a) (b)

    14,862        100,764   
   

 

 

 
      2,181,838   
   

 

 

 

Internet Software & Services—2.4%

   

Ancestry.com, Inc. (a) (b)

    16,407        493,523   

Angie’s List, Inc. (a) (b)

    19,034        201,380   

 

MSF-180


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Internet Software & Services—(Continued)

   

Bankrate, Inc. (a)

    24,648      $ 384,016   

Bazaarvoice, Inc. (a) (b)

    7,719        116,943   

Blucora, Inc. (a)

    20,338        362,220   

comScore, Inc. (a)

    18,978        289,414   

Constant Contact, Inc. (a) (b)

    15,503        269,752   

Cornerstone OnDemand, Inc. (a)

    17,998        551,819   

CoStar Group, Inc. (a)

    14,825        1,208,830   

DealerTrack Holdings, Inc. (a)

    21,354        594,709   

Demand Media, Inc. (a)

    16,365        177,888   

Demandware, Inc. (a) (b)

    4,179        132,683   

Dice Holdings, Inc. (a) (b)

    25,094        211,291   

Digital River, Inc. (a)

    20,871        347,711   

EarthLink, Inc. (b)

    52,967        377,125   

Envestnet, Inc. (a)

    9,919        116,052   

ExactTarget, Inc. (a)

    6,048        146,483   

Internap Network Services Corp. (a) (b)

    29,790        210,019   

IntraLinks Holdings, Inc. (a) (b)

    16,559        108,296   

j2 Global, Inc. (b)

    23,846        782,626   

Keynote Systems, Inc.

    7,039        101,925   

KIT Digital, Inc. (a) (b)

    31,145        93,435   

Limelight Networks, Inc. (a) (b)

    35,160        82,274   

Liquidity Services, Inc. (a)

    12,493        627,274   

LivePerson, Inc. (a)

    29,330        531,166   

LogMeIn, Inc. (a) (b)

    11,813        264,966   

Market Leader, Inc. (a)

    12,627        84,601   

Millennial Media, Inc. (a) (b)

    6,704        96,202   

Monster Worldwide, Inc. (a) (b)

    64,337        471,590   

Move, Inc. (a)

    21,815        188,045   

NIC, Inc. (a)

    33,146        490,561   

OpenTable, Inc. (a) (b)

    12,199        507,478   

Perficient, Inc. (a)

    17,369        209,644   

QuinStreet, Inc. (a)

    18,139        152,186   

RealNetworks, Inc. (a) (b)

    11,617        96,653   

Responsys, Inc. (a) (b)

    19,337        197,817   

Saba Software, Inc. (a)

    14,832        148,172   

SciQuest, Inc. (a)

    9,755        177,541   

SPS Commerce, Inc. (a)

    5,799        223,088   

Stamps.com, Inc. (a)

    7,841        181,441   

support.com, Inc. (a) (b)

    27,508        116,359   

The Active Network, Inc. (a) (b)

    20,830        261,000   

Travelzoo, Inc. (a) (b)

    3,283        77,380   

United Online, Inc. (b)

    48,001        264,966   

Unwired Planet, Inc. (a) (b)

    47,217        90,657   

ValueClick, Inc. (a)

    38,013        653,443   

VistaPrint NV (a) (b)

    17,948        612,924   

Vocus, Inc. (a) (b)

    11,209        224,853   

Web.com Group, Inc. (a) (b)

    18,795        337,370   

WebMD Health Corp. (a) (b)

    27,021        379,105   

XO Group, Inc. (a)

    17,057        142,426   

Yelp, Inc. (a)

    5,390        145,799   

Zix Corp. (a) (b)

    36,710        105,358   
   

 

 

 
      15,420,479   
   

 

 

 

IT Services—1.9%

   

Acxiom Corp. (a)

    42,046        768,180   

CACI International, Inc. (a) (c)

    11,906        616,612   

Cardtronics, Inc. (a)

    23,495        699,681   

Cass Information Systems, Inc. (b)

    5,390        226,218   

Ciber, Inc. (a)

    48,920        169,752   

IT Services—(Continued)

   

Computer Task Group, Inc. (a) (b)

    8,399      $ 135,896   

Convergys Corp. (a) (b)

    61,719        967,137   

CSG Systems International, Inc. (a)

    18,310        411,792   

Echo Global Logistics, Inc. (a)

    8,016        137,474   

Euronet Worldwide, Inc. (a)

    26,285        493,895   

ExlService Holdings, Inc. (a) (b)

    12,486        368,337   

Forrester Research, Inc. (a) (b)

    7,965        229,153   

Global Cash Access Holdings, Inc. (a)

    35,379        284,801   

Heartland Payment Systems, Inc.

    20,734        656,853   

iGate Corp.

    16,029        291,247   

Lionbridge Technologies, Inc. (a)

    32,603        114,763   

Mantech International Corp. (a) (b)

    12,440        298,560   

MAXIMUS, Inc.

    18,132        1,082,843   

ModusLink Global Solutions, Inc. (a)

    22,616        83,453   

MoneyGram International, Inc. (a)

    11,813        176,486   

PRGX Global, Inc. (a) (b)

    11,006        94,211   

Sapient Corp. (a)

    65,431        697,495   

ServiceSource International, Inc. (a)

    26,479        271,675   

Syntel, Inc.

    7,981        498,094   

TeleTech Holdings, Inc. (a)

    10,669        181,906   

TNS, Inc. (a)

    13,622        203,649   

Unisys Corp. (a) (b)

    22,919        477,174   

Virtusa Corp. (a)

    8,711        154,795   

Wright Express Corp. (a)

    20,582        1,434,977   
   

 

 

 
      12,227,109   
   

 

 

 

Leisure Equipment & Products—0.5%

   

Arctic Cat, Inc. (a)

    6,783        281,223   

Black Diamond, Inc. (a)

    10,974        96,242   

Brunswick Corp.

    46,462        1,051,435   

Callaway Golf Co. (b)

    35,357        217,092   

Jakks Pacific, Inc. (a) (b)

    10,453        152,301   

Leapfrog Enterprises, Inc. (a)

    27,398        247,130   

Smith & Wesson Holding Corp. (a) (b)

    32,012        352,452   

Steinway Musical Instruments, Inc. (a)

    3,417        83,238   

Sturm Ruger & Co., Inc. (b)

    10,261        507,817   
   

 

 

 
      2,988,930   
   

 

 

 

Life Sciences Tools & Services—0.4%

   

Accelrys, Inc. (a)

    31,619        273,821   

Affymetrix, Inc. (a) (b) (c)

    41,239        178,565   

Cambrex Corp. (a)

    15,180        178,061   

Fluidigm Corp. (a)

    11,332        192,644   

Furiex Pharmaceuticals, Inc. (a)

    5,616        107,153   

Luminex Corp. (a) (b)

    22,267        432,871   

PAREXEL International Corp. (a)

    31,915        981,705   

Sequenom, Inc. (a) (b)

    62,512        220,667   
   

 

 

 
      2,565,487   
   

 

 

 

Machinery—3.3%

   

3D Systems Corp. (a) (b)

    24,737        812,610   

Accuride Corp. (a) (b)

    17,506        81,578   

Actuant Corp. (b)

    38,370        1,098,149   

Alamo Group, Inc. (b)

    3,532        119,311   

Albany International Corp.

    15,229        334,581   

Altra Holdings, Inc. (a)

    14,458        263,136   

American Railcar Industries, Inc. (a)

    5,478        155,247   

AMPCO-Pittsburgh Corp. (b)

    4,489        82,822   

 

MSF-181


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Machinery—(Continued)

   

Astec Industries, Inc. (a)

    10,141      $ 320,557   

Badger Meter, Inc. (b)

    8,245        300,036   

Barnes Group, Inc.

    28,216        705,682   

Blount International, Inc. (a)

    25,829        339,910   

Briggs & Stratton Corp. (b)

    26,533        495,371   

Cascade Corp. (b)

    4,728        258,811   

Chart Industries, Inc. (a)

    15,809        1,167,495   

CIRCOR International, Inc. (b)

    9,435        356,171   

CLARCOR, Inc.

    26,709        1,192,023   

Columbus McKinnon Corp. (a)

    11,301        170,758   

Commercial Vehicle Group, Inc. (a)

    13,330        97,976   

Douglas Dynamics, Inc. (b)

    9,877        146,081   

Dynamic Materials Corp. (b)

    7,259        109,030   

EnPro Industries, Inc. (a) (b)

    11,049        397,874   

ESCO Technologies, Inc.

    13,728        533,333   

Federal Signal Corp.

    34,181        216,024   

Flow International Corp. (a)

    26,186        96,888   

FreightCar America, Inc.

    7,047        125,366   

Graham Corp.

    5,399        97,560   

Greenbrier Cos., Inc. (a)

    10,503        169,518   

Hurco Cos., Inc. (a)

    3,337        76,351   

John Bean Technologies Corp.

    15,202        248,249   

Kadant, Inc. (a)

    6,825        158,272   

Kaydon Corp.

    17,495        390,838   

LB Foster Co. (a) (b)

    5,476        177,094   

Lindsay Corp. (b)

    6,769        487,165   

Lydall, Inc. (a)

    9,530        134,278   

Meritor, Inc. (a)

    50,463        213,963   

Met-Pro Corp. (b)

    8,159        73,023   

Middleby Corp. (a)

    9,748        1,127,259   

Miller Industries, Inc.

    6,185        99,269   

Mueller Industries, Inc.

    14,415        655,450   

Mueller Water Products, Inc.

    86,085        421,816   

NACCO Industries, Inc.

    3,117        390,903   

NN, Inc. (a)

    9,533        80,935   

PMFG, Inc. (a) (b)

    11,583        93,706   

Proto Labs, Inc. (a) (b)

    2,771        93,715   

RBC Bearings, Inc. (a)

    11,531        554,641   

Rexnord Corp. (a)

    16,151        294,271   

Robbins & Myers, Inc.

    19,682        1,173,047   

Sauer-Danfoss, Inc. (a) (b)

    6,354        255,494   

Sun Hydraulics Corp.

    10,558        280,526   

Tennant Co.

    10,316        441,731   

The Gorman-Rupp Co.

    8,265        223,155   

Titan International, Inc. (b)

    22,513        397,580   

Trimas Corp. (a)

    17,187        414,379   

Twin Disc, Inc.

    4,666        83,521   

Wabash National Corp. (a)

    36,570        260,744   

Watts Water Technologies, Inc.

    13,859        524,286   

Woodward, Inc.

    36,510        1,240,610   
   

 

 

 
      21,310,169   
   

 

 

 

Marine—0.0%

   

Rand Logistics, Inc. (a)

    9,910        74,622   
   

 

 

 

Media—1.2%

   

Arbitron, Inc.

    14,461        548,072   

Ascent Media Corp. (a)

    7,902        426,787   

Belo Corp.

    47,497        371,901   

Media—(Continued)

   

Carmike Cinemas, Inc. (a)

    9,982      $ 112,297   

Central European Media Enterprises, Ltd. (a) (b)

    18,980        123,560   

Cumulus Media, Inc. (a) (b)

    32,584        89,280   

Digital Generation, Inc. (a) (b)

    16,894        191,916   

Entercom Communications Corp. (a) (b)

    14,538        99,731   

EW Scripps Co. (a)

    16,943        180,443   

Fisher Communications, Inc. (a) (b)

    4,050        148,878   

Harte-Hanks, Inc. (b)

    27,990        193,971   

Journal Communications, Inc. (a)

    24,659        128,227   

LIN TV Corp. (a)

    18,170        79,948   

Lions Gate Entertainment Corp. (a) (b)

    45,231        690,677   

Live Nation Entertainment, Inc. (a) (b)

    76,098        655,204   

MDC Partners, Inc. (b)

    12,989        160,284   

Meredith Corp. (b)

    18,827        658,945   

National CineMedia, Inc.

    28,435        465,481   

Rentrak Corp. (a) (b)

    5,237        88,662   

Saga Communications, Inc. (a) (b)

    2,140        86,713   

Scholastic Corp. (b)

    14,077        447,367   

Sinclair Broadcast Group, Inc. (a)

    25,619        287,189   

The New York Times Co. (Class A) (a) (b)

    71,072        693,663   

Valassis Communications, Inc. (a) (b)

    20,868        515,231   

World Wrestling Entertainment, Inc. (b)

    13,534        108,949   
   

 

 

 
      7,553,376   
   

 

 

 

Metals & Mining—1.6%

   

A.M. Castle & Co. (a) (b)

    9,250        115,533   

AK Steel Holding Corp. (b)

    59,296        284,621   

AMCOL International Corp. (b)

    12,772        432,715   

Century Aluminum Co. (a) (b)

    26,722        191,062   

Coeur d’Alene Mines Corp. (a)

    46,932        1,353,050   

General Moly, Inc. (a)

    38,035        120,571   

Globe Specialty Metals, Inc.

    33,146        504,482   

Gold Reserve, Inc. (a)

    28,952        93,805   

Gold Resource Corp. (a) (b)

    17,156        367,996   

Golden Minerals Co. (a)

    16,074        83,906   

Golden Star Resources, Ltd. (a) (b)

    138,555        272,953   

Haynes International, Inc.

    6,653        346,954   

Hecla Mining Co. (a) (b)

    149,030        976,147   

Horsehead Holding Corp. (a) (b)

    24,392        227,821   

Kaiser Aluminum Corp. (b)

    10,274        599,899   

Materion Corp. (a) (b)

    10,677        254,113   

McEwen Mining, Inc. (a) (b)

    105,808        485,659   

Metals USA Holdings Corp. (a)

    6,746        90,194   

Midway Gold Corp. (a)

    64,682        106,079   

Noranda Aluminum Holding Corp. (a)

    18,305        122,460   

Olympic Steel, Inc. (b)

    4,963        83,775   

Paramount Gold & Silver Corp. (a) (b)

    60,688        161,430   

RTI International Metals, Inc. (a) (b)

    16,034        383,854   

Schnitzer Steel Industries, Inc. (b)

    13,529        380,841   

Stillwater Mining Co. (a)

    61,243        722,055   

SunCoke Energy, Inc. (a)

    37,652        606,950   

U.S. Silica Holdings, Inc. (a) (b)

    6,595        89,428   

Universal Stainless & Alloy (a)

    4,303        159,856   

Vista Gold Corp. (a)

    18,568        67,402   

Worthington Industries, Inc. (b)

    26,842        581,398   
   

 

 

 
      10,267,009   
   

 

 

 

Multi-Utilities—0.4%

   

Avista Corp.

    30,460        784,040   

Black Hills Corp.

    23,069        820,564   

 

MSF-182


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Multi-Utilities—(Continued)

   

CH Energy Group, Inc.

    7,302      $ 476,164   

NorthWestern Corp.

    19,221        696,377   
   

 

 

 
      2,777,145   
   

 

 

 

Multiline Retail—0.2%

   

Fred’s, Inc. (b)

    22,557        320,986   

Gordmans Stores, Inc. (a)

    4,964        91,586   

Saks, Inc. (a) (b)

    59,754        616,063   

Tuesday Morning Corp. (a)

    24,016        157,305   
   

 

 

 
      1,185,940   
   

 

 

 

Oil, Gas & Consumable Fuels—4.0%

   

Abraxas Petroleum Corp. (a)

    44,174        101,600   

Alon USA Energy, Inc.

    5,924        81,159   

Apco Oil & Gas International, Inc.

    4,986        80,225   

Approach Resources, Inc. (a) (b)

    17,593        530,077   

Arch Coal, Inc.

    112,763        713,790   

Berry Petroleum Co. (b)

    27,109        1,101,439   

Bill Barrett Corp. (a) (b)

    24,966        618,408   

Bonanza Creek Energy, Inc. (a)

    7,133        168,053   

BPZ Resources, Inc. (a) (b)

    51,873        148,357   

Callon Petroleum Co. (a)

    21,070        129,580   

Carrizo Oil & Gas, Inc. (a) (b)

    20,013        500,525   

Clayton Williams Energy, Inc. (a) (b)

    3,222        167,190   

Clean Energy Fuels Corp. (a) (b)

    35,238        464,084   

Cloud Peak Energy, Inc. (a)

    31,583        571,652   

Comstock Resources, Inc. (a) (b)

    24,676        453,545   

Contango Oil & Gas Co. (a)

    6,514        320,098   

Crosstex Energy, Inc. (a) (b)

    21,727        304,830   

CVR Energy, Inc. (a)

    8,604        316,197   

Delek U.S. Holdings, Inc. (b)

    8,833        225,153   

Endeavour International Corp. (a) (b)

    25,941        250,849   

Energy XXI Bermuda, Ltd. (a) (b)

    41,757        1,459,407   

EPL Oil & Gas, Inc. (a)

    15,648        317,498   

Evolution Petroleum Corp. (a)

    9,398        75,936   

Forest Oil Corp. (a) (b)

    62,998        532,333   

Frontline, Ltd. (b)

    26,706        102,551   

FX Energy, Inc. (a)

    29,231        218,063   

GasLog, Ltd. (a)

    14,308        165,687   

Goodrich Petroleum Corp. (a) (b)

    13,200        166,848   

Green Plains Renewable Energy, Inc. (a)

    14,691        86,089   

Gulfport Energy Corp. (a)

    29,695        928,266   

Halcon Resources Corp. (a)

    59,556        436,545   

Harvest Natural Resources, Inc. (a)

    18,713        166,920   

KiOR, Inc. (a)

    14,700        136,710   

Knightbridge Tankers, Ltd.

    11,930        78,142   

Kodiak Oil & Gas Corp. (a)

    137,587        1,287,814   

Magnum Hunter Resources Corp. (a) (b)

    79,270        351,959   

Matador Resources Co. (a)

    10,845        112,680   

McMoRan Exploration Co. (a) (b)

    54,057        635,170   

Midstates Petroleum Co., Inc. (a)

    14,458        125,062   

Miller Energy Resources, Inc. (a) (b)

    17,970        90,389   

Nordic American Tanker Shipping (b)

    28,173        283,984   

Northern Oil & Gas, Inc. (a)

    32,713        555,794   

Oasis Petroleum, Inc. (a)

    42,330        1,247,465   

Overseas Shipholding Group, Inc. (b)

    13,705        90,453   

Panhandle Oil & Gas, Inc. (b)

    3,108        95,322   

PDC Energy, Inc. (a) (b)

    15,954        504,625   

Oil, Gas & Consumable Fuels—(Continued)

   

Penn Virginia Corp. (b)

    25,144      $ 155,893   

PetroQuest Energy, Inc. (a) (b)

    28,823        193,402   

Quicksilver Resources, Inc. (a) (b)

    63,538        259,870   

Rentech, Inc. (a)

    119,980        295,151   

Resolute Energy Corp. (a)

    23,915        212,126   

Rex Energy Corp. (a)

    22,443        299,614   

Rosetta Resources, Inc. (a)

    28,068        1,344,457   

Sanchez Energy Corp. (a) (b)

    7,018        143,378   

Scorpio Tankers, Inc. (a) (b)

    17,992        107,952   

SemGroup Corp. (a)

    21,575        795,039   

Ship Finance International, Ltd. (b)

    23,811        374,309   

Solazyme, Inc. (a)

    17,735        203,598   

Stone Energy Corp. (a)

    25,118        630,964   

Swift Energy Co. (a)

    22,073        460,884   

Synergy Resources Corp. (a)

    23,066        96,185   

Targa Resources Corp.

    15,411        775,790   

Teekay Tankers, Ltd. (b)

    28,777        107,626   

Triangle Petroleum Corp. (a) (b)

    22,250        159,310   

Uranium Energy Corp. (a) (b)

    40,569        105,885   

Vaalco Energy, Inc. (a)

    35,787        305,979   

Venoco, Inc. (a) (b)

    15,318        181,978   

W&T Offshore, Inc. (b)

    18,499        347,411   

Warren Resources, Inc. (a) (b)

    41,839        127,191   

Western Refining, Inc. (a)

    30,756        805,192   
   

 

 

 
      25,987,707   
   

 

 

 

Paper & Forest Products—0.8%

   

Buckeye Technologies, Inc. (a) (b)

    21,132        677,492   

Clearwater Paper Corp. (a)

    12,752        526,785   

Deltic Timber Corp. (b)

    6,001        391,625   

KapStone Paper & Packaging Corp. (a)

    21,154        473,638   

Louisiana-Pacific Corp. (a)

    72,939        911,738   

Neenah Paper, Inc.

    7,745        221,817   

PH Glatfelter Co.

    21,278        378,961   

Resolute Forest Products, Inc. (a) (b)

    44,358        576,654   

Schweitzer-Mauduit International, Inc.

    15,200        501,448   

Wausau Paper Corp. (a)

    23,588        218,425   
   

 

 

 
      4,878,583   
   

 

 

 

Personal Products—0.3%

   

Elizabeth Arden, Inc. (a) (b)

    13,201        623,615   

Inter Parfums, Inc.

    8,191        149,895   

Medifast, Inc. (a)

    7,275        190,241   

Nature’s Sunshine Products, Inc. (a) (b)

    5,787        94,560   

Nutraceutical International Corp. (a)

    5,375        84,710   

Prestige Brands Holdings, Inc. (a)

    26,054        441,876   

Revlon, Inc. (a)

    6,172        95,296   

Schiff Nutrition International, Inc. (a)

    6,303        152,470   

The Female Health Co.

    11,310        80,866   

USANA Health Sciences, Inc. (a) (b)

    3,383        157,208   
   

 

 

 
      2,070,737   
   

 

 

 

Pharmaceuticals—1.9%

   

Akorn, Inc. (a) (b)

    27,920        369,102   

Auxilium Pharmaceuticals, Inc. (a)

    24,788        606,314   

AVANIR Pharmaceuticals, Inc. (a) (b)

    61,887        198,038   

Cadence Pharmaceuticals, Inc. (a) (b)

    28,947        113,472   

Corcept Therapeutics, Inc. (a) (b)

    25,819        72,035   

 

MSF-183


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Pharmaceuticals—(Continued)

   

Depomed, Inc. (a) (b)

    31,001      $ 183,216   

Endocyte, Inc. (a)

    16,647        165,971   

Hi-Tech Pharmacal Co., Inc. (a) (b)

    6,764        223,956   

Impax Laboratories, Inc. (a)

    33,899        880,018   

Jazz Pharmaceuticals plc (a) (b)

    22,028        1,255,816   

MAP Pharmaceuticals, Inc. (a)

    16,072        250,241   

Medicis Pharmaceutical Corp.

    30,479        1,318,826   

Nektar Therapeutics (a) (b)

    61,506        656,884   

Obagi Medical Products, Inc. (a)

    10,682        132,564   

Omeros Corp. (a) (b)

    12,416        116,710   

Optimer Pharmaceuticals, Inc. (a) (b)

    25,010        353,141   

Pacira Pharmaceuticals, Inc. (a) (b)

    10,217        177,776   

Pain Therapeutics, Inc. (a) (b)

    22,594        114,100   

Par Pharmaceutical Cos., Inc. (a)

    19,005        949,870   

Pozen, Inc. (a)

    15,851        105,092   

Questcor Pharmaceuticals, Inc. (a) (b)

    28,104        519,924   

Repros Therapeutics, Inc. (a) (b)

    8,726        132,897   

Sagent Pharmaceuticals, Inc. (a) (b)

    5,365        85,572   

Santarus, Inc. (a)

    31,685        281,363   

The Medicines Co. (a)

    29,350        757,524   

Viropharma, Inc. (a)

    35,430        1,070,695   

Vivus, Inc. (a)

    52,768        940,326   

XenoPort, Inc. (a) (b)

    20,130        230,690   

Zogenix, Inc. (a)

    31,642        84,168   
   

 

 

 
      12,346,301   
   

 

 

 

Professional Services—1.2%

   

Acacia Research Corp. (a)

    26,332        721,760   

Barrett Business Services, Inc.

    3,901        105,717   

CBIZ, Inc. (a) (b)

    20,130        121,183   

CDI Corp.

    7,746        131,914   

CRA International, Inc. (a) (b)

    6,362        109,935   

Exponent, Inc. (a) (b)

    7,150        408,193   

Franklin Covey Co. (a)

    8,243        98,916   

FTI Consulting, Inc. (a)

    21,878        583,705   

GP Strategies Corp. (a)

    8,646        167,041   

Heidrick & Struggles International, Inc.

    9,634        122,737   

Hudson Global, Inc. (a)

    18,552        82,742   

Huron Consulting Group, Inc. (a)

    11,680        406,698   

ICF International, Inc. (a)

    10,002        201,040   

Insperity, Inc.

    12,162        306,847   

Kelly Services, Inc. (Class A) (b)

    14,944        188,294   

Kforce, Inc. (a)

    16,944        199,770   

Korn/Ferry International (a)

    24,691        378,513   

Mistras Group, Inc. (a)

    8,222        190,750   

Navigant Consulting, Inc. (a)

    27,414        302,925   

Odyssey Marine Exploration, Inc. (a) (b)

    34,854        110,139   

On Assignment, Inc. (a)

    22,889        455,949   

Resources Connection, Inc. (a)

    20,687        271,207   

RPX Corp. (a)

    11,444        128,287   

The Advisory Board Co. (a)

    18,149        868,067   

The Corporate Executive Board Co.

    17,121        918,199   

The Dolan Co. (a)

    17,781        95,662   

TrueBlue, Inc. (a)

    19,573        307,688   
   

 

 

 
      7,983,878   
   

 

 

 

Real Estate Investment Trusts—7.6%

   

Acadia Realty Trust

    24,439        606,576   

AG Mortgage Investment Trust, Inc.

    12,218        294,820   

Real Estate Investment Trusts—(Continued)

   

Agree Realty Corp.

    6,955      $ 177,283   

Alexander’s, Inc.

    1,140        487,339   

American Assets Trust, Inc.

    17,413        466,494   

American Capital Mortgage Investment Corp. (b)

    19,420        488,025   

American Realty Capital Trust, Inc.

    85,220        999,631   

Anworth Mortgage Asset Corp.

    71,422        485,670   

Apollo Commercial Real Estate Finance, Inc. (b)

    9,565        165,857   

ARMOUR Residential REIT, Inc.

    156,700        1,200,322   

Ashford Hospitality Trust, Inc.

    26,955        226,422   

Associated Estates Realty Corp.

    26,435        400,755   

CapLease, Inc. (b)

    32,653        168,816   

Capstead Mortgage Corp.

    52,173        703,814   

Cedar Shopping Centers, Inc. (b)

    29,807        157,381   

Chatham Lodging Trust (a)

    7,033        97,618   

Chesapeake Lodging Trust

    20,918        415,641   

Colonial Properties Trust

    45,983        967,942   

Colony Financial, Inc.

    21,761        423,904   

Cousins Properties, Inc.

    48,936        388,552   

CreXus Investment Corp.

    35,987        389,019   

CubeSmart

    65,063        837,361   

CYS Investments, Inc. (b)

    87,850        1,237,806   

DCT Industrial Trust, Inc. (b)

    131,983        853,930   

DiamondRock Hospitality Co.

    99,299        956,249   

DuPont Fabros Technology, Inc.

    32,563        822,216   

Dynex Capital, Inc.

    28,987        311,610   

EastGroup Properties, Inc.

    15,137        805,288   

Education Realty Trust, Inc.

    59,817        652,005   

Entertainment Properties Trust (b)

    24,953        1,108,662   

Equity One, Inc. (b)

    27,591        581,066   

Excel Trust, Inc. (b)

    16,244        185,506   

FelCor Lodging Trust, Inc. (a)

    65,654        311,200   

First Industrial Realty Trust, Inc. (a)

    51,548        677,341   

First Potomac Realty Trust

    26,546        341,912   

Franklin Street Properties Corp. (b)

    37,474        414,837   

Getty Realty Corp. (b)

    13,375        240,081   

Gladstone Commercial Corp. (b)

    5,368        98,020   

Glimcher Realty Trust

    73,142        773,111   

Government Properties Income Trust (b)

    19,860        464,724   

Gramercy Capital Corp. (a)

    26,297        79,154   

Healthcare Realty Trust, Inc.

    40,241        927,555   

Hersha Hospitality Trust

    84,543        414,261   

Highwoods Properties, Inc.

    39,142        1,276,812   

Hudson Pacific Properties, Inc.

    19,339        357,771   

Inland Real Estate Corp.

    40,919        337,582   

Invesco Mortgage Capital, Inc. (b)

    61,152        1,230,990   

Investors Real Estate Trust (b)

    46,122        381,429   

iStar Financial, Inc. (a) (b)

    42,568        352,463   

Kite Realty Group Trust

    26,867        137,022   

LaSalle Hotel Properties

    44,800        1,195,712   

Lexington Realty Trust (b)

    62,036        599,268   

LTC Properties, Inc.

    16,356        520,939   

Medical Properties Trust, Inc.

    70,870        740,591   

Mission West Properties, Inc.

    9,369        81,510   

Monmouth Real Estate Investment Corp.

    21,915        245,229   

National Health Investors, Inc. (b)

    12,867        661,878   

New York Mortgage Trust, Inc. (b)

    18,193        128,261   

NorthStar Realty Finance Corp. (b)

    70,197        446,453   

Omega Healthcare Investors, Inc.

    56,035        1,273,676   

One Liberty Properties, Inc.

    4,583        85,473   

 

MSF-184


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

   

Parkway Properties, Inc. (b)

    7,289      $ 97,454   

Pebblebrook Hotel Trust

    30,416        711,430   

Pennsylvania Real Estate Investment Trust

    29,782        472,342   

Pennymac Mortgage Investment Trust

    31,188        728,864   

Potlatch Corp.

    21,362        798,298   

PS Business Parks, Inc.

    10,027        670,004   

RAIT Financial Trust (b)

    27,383        143,761   

Ramco-Gershenson Properties Trust

    24,296        304,429   

Redwood Trust, Inc.

    42,013        607,508   

Resource Capital Corp.

    52,872        310,887   

Retail Opportunity Investments Corp. (b)

    26,692        343,526   

RLJ Lodging Trust

    56,585        1,070,022   

Rouse Properties, Inc. (b)

    12,233        175,544   

Sabra Healthcare REIT, Inc.

    19,024        380,670   

Saul Centers, Inc.

    4,164        184,882   

Select Income REIT

    5,696        140,236   

Sovran Self Storage, Inc.

    15,414        891,700   

STAG Industrial, Inc.

    16,802        273,201   

Starwood Property Trust, Inc.

    61,620        1,433,897   

Strategic Hotels & Resorts, Inc. (a)

    99,574        598,440   

Sun Communities, Inc. (b)

    15,586        687,654   

Sunstone Hotel Investors, Inc. (a)

    72,446        796,906   

Terreno Realty Corp.

    5,586        88,259   

Two Harbors Investment Corp.

    147,086        1,728,260   

UMH Properties, Inc. (b)

    6,908        82,689   

Universal Health Realty Income Trust

    6,109        280,892   

Urstadt Biddle Properties, Inc.

    11,245        227,486   

Walter Investment Management Corp.

    15,424        570,842   

Washington Real Estate Investment Trust (b)

    34,852        934,731   

Western Asset Mortgage Capital Corp. (a) (b)

    5,257        116,705   

Whitestone REIT (b)

    5,924        78,197   

Winthrop Realty Trust

    15,621        168,394   
   

 

 

 
      48,956,945   
   

 

 

 

Real Estate Management & Development—0.3%

  

 

AV Homes, Inc. (a) (b)

    5,738        85,152   

Campus Crest Communities, Inc.

    20,879        225,493   

Consolidated-Tomoka Land Co.

    2,461        80,942   

Coresite Realty Corp.

    10,812        291,275   

Forestar Group, Inc. (a)

    19,634        327,102   

Kennedy-Wilson Holdings, Inc. (b)

    23,161        323,559   

Tejon Ranch Co. (a)

    7,566        227,283   

Thomas Properties Group, Inc.

    18,418        107,193   

Zillow, Inc. (a)

    1,998        84,276   
   

 

 

 
      1,752,275   
   

 

 

 

Road & Rail—1.3%

   

Amerco, Inc. (a) (b)

    4,634        492,872   

Arkansas Best Corp.

    13,889        110,001   

Avis Budget Group, Inc. (a)

    55,465        853,052   

Celadon Group, Inc. (a)

    9,437        151,653   

Dollar Thrifty Automotive Group, Inc. (a) (b)

    14,577        1,267,179   

Genesee & Wyoming, Inc. (a)

    23,067        1,542,260   

Heartland Express, Inc. (b)

    25,939        346,545   

Knight Transportation, Inc. (b)

    31,823        455,069   

Marten Transport, Ltd. (a)

    8,816        154,897   

Old Dominion Freight Line, Inc. (a)

    36,876        1,112,180   

Patriot Transportation Holding, Inc. (a) (b)

    3,479        96,994   

Road & Rail—(Continued)

   

Quality Distribution, Inc. (a)

    11,661      $ 107,864   

RailAmerica, Inc. (a) (b)

    11,318        310,905   

Roadrunner Transportation Systems, Inc. (a)

    5,875        95,057   

Saia, Inc. (a)

    7,890        158,905   

Swift Transportation Co. (a)

    41,048        353,834   

Werner Enterprises, Inc.

    23,073        493,070   

Zipcar, Inc. (a) (b)

    14,928        116,140   
   

 

 

 
      8,218,477   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.3%

  

 

Advanced Energy Industries, Inc. (a)

    22,569        278,050   

Alpha & Omega Semiconductor, Ltd. (a) (b)

    8,544        73,564   

Amkor Technology, Inc. (a) (b)

    47,264        207,962   

Applied Micro Circuits Corp. (a) (b)

    32,651        165,214   

ATMI, Inc. (a)

    16,612        308,485   

AuthenTec, Inc. (a)

    24,884        199,321   

Brooks Automation, Inc. (a)

    36,289        291,401   

Cabot Microelectronics Corp. (a)

    12,507        439,496   

Cavium, Inc. (a)

    26,390        879,579   

CEVA, Inc. (a)

    13,754        197,783   

Cirrus Logic, Inc. (a) (b)

    34,194        1,312,708   

Cohu, Inc. (b)

    11,848        111,253   

Cymer, Inc. (a) (b)

    16,143        824,262   

Diodes, Inc. (a) (b)

    18,315        311,538   

Entegris, Inc. (a)

    70,530        573,409   

Entropic Communications, Inc. (a)

    44,392        258,361   

Exar Corp. (a) (c)

    20,123        160,984   

First Solar, Inc. (a) (b)

    32,144        711,829   

FormFactor, Inc. (a) (c)

    27,182        151,947   

FSI International, Inc. (a)

    22,589        140,052   

GT Advanced Technologies, Inc. (a) (b)

    65,230        355,503   

Hittite Microwave Corp. (a)

    16,228        900,167   

Inphi Corp. (a) (b)

    10,631        113,326   

Integrated Device Technology, Inc. (a)

    71,433        420,026   

Integrated Silicon Solution, Inc. (a)

    14,137        130,909   

International Rectifier Corp. (a) (b)

    36,726        612,957   

Intersil Corp.

    67,656        591,990   

IXYS Corp. (a) (b)

    13,771        136,608   

Kopin Corp. (a) (b)

    34,528        129,825   

Lattice Semiconductor Corp. (a)

    61,578        235,844   

LTX-Credence Corp. (a)

    26,473        152,220   

MaxLinear, Inc. (a)

    12,633        84,515   

MEMC Electronic Materials, Inc. (a)

    124,410        342,127   

Micrel, Inc. (b)

    25,489        265,595   

Microsemi Corp. (a)

    47,110        945,498   

MIPS Technologies, Inc. (a) (b)

    25,612        189,273   

MKS Instruments, Inc.

    27,174        692,665   

Monolithic Power Systems, Inc. (a)

    16,249        320,918   

MoSys, Inc. (a)

    19,431        78,501   

Nanometrics, Inc. (a)

    12,771        176,367   

NVE Corp. (a)

    2,605        154,190   

OmniVision Technologies, Inc. (a) (b)

    26,397        368,370   

PDF Solutions, Inc. (a)

    13,439        183,577   

Pericom Semiconductor Corp. (a) (b)

    14,116        122,597   

Photronics, Inc. (a) (b)

    30,362        163,044   

PLX Technology, Inc. (a)

    23,066        133,091   

Power Integrations, Inc. (b)

    14,941        454,655   

Rambus, Inc. (a) (b)

    59,232        328,145   

RF Micro Devices, Inc. (a)

    144,045        568,978   

 

MSF-185


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Semiconductors & Semiconductor Equipment—(Continued)

  

Rubicon Technology, Inc. (a) (b)

    9,248      $ 88,596   

Rudolph Technologies, Inc. (a) (b)

    18,288        192,024   

Semtech Corp. (a)

    34,355        864,028   

Sigma Designs, Inc. (a) (b)

    17,366        114,789   

Silicon Image, Inc. (a)

    41,704        191,421   

Spansion, Inc. (a)

    26,069        310,742   

SunPower Corp. (a)

    22,265        100,415   

Supertex, Inc. (a)

    7,844        140,251   

Tessera Technologies, Inc. (a)

    27,229        372,493   

TriQuint Semiconductor, Inc. (a) (b) (c)

    89,840        453,692   

Ultra Clean Holdings (a)

    13,300        75,943   

Ultratech, Inc. (a)

    13,618        427,333   

Veeco Instruments, Inc. (a) (b)

    19,242        577,645   

Volterra Semiconductor Corp. (a)

    14,930        326,519   
   

 

 

 
      21,184,570   
   

 

 

 

Software—3.9%

   

ACI Worldwide, Inc. (a)

    21,027        888,601   

Actuate Corp. (a)

    24,071        169,219   

Advent Software, Inc. (a)

    16,892        415,036   

American Software, Inc.

    12,761        104,130   

Aspen Technology, Inc. (a)

    49,523        1,280,170   

Blackbaud, Inc.

    24,124        577,046   

Bottomline Technologies, Inc. (a)

    19,170        473,307   

BroadSoft, Inc. (a) (b)

    14,701        603,035   

Callidus Software, Inc. (a) (b)

    15,535        76,588   

CommVault Systems, Inc. (a)

    23,645        1,387,961   

Comverse Technology, Inc. (a)

    118,727        730,171   

Deltek, Inc. (a) (b)

    10,644        138,585   

Digimarc Corp. (a)

    3,740        83,215   

Ebix, Inc. (a) (b)

    16,296        384,749   

Ellie Mae, Inc. (a)

    13,561        369,266   

Eloqua, Inc. (a)

    7,655        151,186   

EPIQ Systems, Inc. (a) (b)

    17,942        240,782   

ePLUS, Inc. (a) (b)

    2,282        89,500   

Fair Isaac Corp.

    17,395        769,903   

Glu Mobile, Inc. (a) (b)

    27,404        126,881   

Guidance Software, Inc. (a) (b)

    8,222        92,580   

Guidewire Software, Inc. (a)

    10,413        323,324   

Imperva, Inc. (a) (b)

    5,330        197,157   

Infoblox, Inc. (a) (b)

    5,070        117,878   

Interactive Intelligence Group (a)

    6,851        205,873   

JDA Software Group, Inc. (a)

    21,380        679,456   

Jive Software, Inc. (a)

    9,541        149,889   

Kenexa Corp. (a)

    13,904        637,220   

Manhattan Associates, Inc. (a)

    10,927        625,789   

Mentor Graphics Corp. (a)

    49,891        772,313   

MicroStrategy, Inc. (a)

    4,507        604,253   

Monotype Imaging Holdings, Inc. (a)

    18,530        288,883   

Netscout Systems, Inc. (a)

    19,351        493,644   

Opnet Technologies, Inc. (b)

    7,388        251,709   

Parametric Technology Corp. (a)

    62,200        1,355,960   

Pegasystems, Inc. (b)

    10,335        300,128   

Progress Software Corp. (a)

    32,680        699,025   

PROS Holdings, Inc. (a)

    11,234        214,232   

QLIK Technologies, Inc. (a)

    45,192        1,012,753   

RealD, Inc. (a) (b)

    23,798        212,754   

RealPage, Inc. (a) (b)

    19,164        433,106   

Rosetta Stone, Inc. (a)

    6,347        80,924   

Software—(Continued)

   

Sourcefire, Inc. (a) (b)

    15,673      $ 768,447   

SS&C Technologies Holdings, Inc. (a)

    18,097        456,225   

Synchronoss Technologies, Inc. (a)

    13,691        313,524   

Take-Two Interactive Software, Inc. (a)

    41,777        435,734   

Tangoe, Inc. (a)

    15,994        210,001   

TiVo, Inc. (a)

    63,638        663,744   

Tyler Technologies, Inc. (a) (b)

    15,306        673,770   

Ultimate Software Group, Inc. (a) (b)

    14,086        1,438,181   

VASCO Data Security International, Inc. (a) (b)

    15,031        140,991   

Verint Systems, Inc. (a)

    10,973        301,099   

VirnetX Holding Corp. (a) (b)

    22,272        566,377   

Websense, Inc. (a)

    19,110        299,072   
   

 

 

 
      25,075,346   
   

 

 

 

Specialty Retail—3.7%

   

Aeropostale, Inc. (a)

    41,826        565,906   

America’s Car-Mart, Inc. (a)

    5,173        235,216   

ANN, Inc. (a)

    25,503        962,228   

Asbury Automotive Group, Inc. (a)

    16,056        448,765   

Barnes & Noble, Inc. (b)

    15,046        192,288   

Bebe Stores, Inc.

    19,159        91,963   

Big 5 Sporting Goods Corp.

    10,090        100,396   

Body Central Corp. (a)

    7,181        75,041   

Brown Shoe Co., Inc.

    23,566        377,763   

Cabela’s, Inc. (a)

    24,790        1,355,517   

Casual Male Retail Group, Inc. (a)

    25,248        116,898   

Citi Trends, Inc. (a)

    8,551        107,358   

Collective Brands, Inc. (a) (c)

    31,571        685,406   

Conn’s, Inc. (a) (b)

    8,800        194,040   

Destination Maternity Corp. (b)

    7,452        139,352   

Express, Inc. (a)

    47,572        705,017   

Five Below, Inc. (a)

    7,224        282,314   

Francesca’s Holdings Corp. (a) (b)

    18,637        572,715   

Genesco, Inc. (a)

    12,817        855,278   

Group 1 Automotive, Inc. (b)

    11,976        721,315   

Haverty Furniture Cos., Inc. (a)

    10,391        144,227   

Hibbett Sports, Inc. (a) (b)

    14,149        841,158   

HOT Topic, Inc. (b)

    24,702        214,907   

JOS A. Bank Clothiers, Inc. (a) (b)

    14,680        711,686   

Kirkland’s, Inc. (a)

    9,307        92,419   

Lithia Motors, Inc. (a) (b)

    11,200        373,072   

Lumber Liquidators Holdings, Inc. (a) (b)

    14,773        748,696   

MarineMax, Inc. (a)

    12,696        105,250   

Mattress Firm Holding Corp. (a) (b)

    6,132        172,616   

Monro Muffler Brake, Inc. (b)

    16,141        568,002   

Office Depot, Inc. (a)

    143,820        368,179   

OfficeMax, Inc. (a) (b)

    45,653        356,550   

Penske Automotive Group, Inc. (b)

    21,853        657,557   

PEP Boys-Manny, Moe & Jack (b)

    28,658        291,738   

Pier 1 Imports, Inc. (a)

    51,416        963,536   

RadioShack Corp. (b)

    54,430        129,543   

Rent-A-Center, Inc.

    31,121        1,091,725   

rue21, inc. (a) (b)

    8,039        250,415   

Select Comfort Corp. (a)

    29,844        941,578   

Shoe Carnival, Inc. (a)

    8,227        193,581   

Sonic Automotive, Inc. (a)

    22,059        418,680   

Stage Stores, Inc.

    16,362        344,584   

Stein Mart, Inc. (a)

    15,504        131,939   

The Buckle, Inc. (b)

    14,834        673,909   

 

MSF-186


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Specialty Retail—(Continued)

   

The Cato Corp.

    15,629      $ 464,338   

The Children’s Place Retail Stores, Inc. (a) (b)

    12,500        750,000   

The Finish Line, Inc. (Class A)

    27,561        626,737   

The Men’s Wearhouse, Inc.

    25,929        892,736   

The Wet Seal, Inc. (a)

    33,173        104,495   

Tilly’s, Inc. (a)

    6,106        111,923   

Vitamin Shoppe, Inc. (a)

    15,659        913,233   

West Marine, Inc. (a) (b)

    8,963        95,277   

Zumiez, Inc. (a)

    11,433        317,037   
   

 

 

 
      23,846,099   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.5%

   

Columbia Sportswear Co. (b)

    6,412        346,248   

CROCS, Inc. (a) (c)

    48,032        778,599   

Fifth & Pacific Cos., Inc. (a)

    58,064        742,058   

G-III Apparel Group, Ltd. (a)

    8,006        287,415   

Iconix Brand Group, Inc. (a) (b)

    39,147        714,041   

Maidenform Brands, Inc. (a)

    12,548        256,983   

Movado Group, Inc.

    10,013        337,638   

Oxford Industries, Inc. (b)

    7,682        433,649   

Perry Ellis International, Inc. (a)

    7,288        160,700   

Quiksilver, Inc. (a) (b)

    66,625        221,195   

Skechers U.S.A., Inc. (a)

    20,341        414,956   

Steven Madden, Ltd. (a)

    20,909        914,142   

The Jones Group, Inc.

    41,279        531,261   

The Warnaco Group, Inc. (a)

    21,450        1,113,255   

True Religion Apparel, Inc. (a) (b)

    13,933        297,191   

Tumi Holdings, Inc. (a) (b)

    12,493        294,085   

Unifi, Inc. (a)

    7,892        101,176   

UniFirst Corp.

    7,601        507,671   

Vera Bradley, Inc. (a) (b)

    10,263        244,773   

Weyco Group, Inc. (b)

    4,154        101,150   

Wolverine World Wide, Inc. (b)

    25,263        1,120,919   
   

 

 

 
      9,919,105   
   

 

 

 

Thrifts & Mortgage Finance—1.5%

   

Apollo Residential Mortgage, Inc. (b)

    12,608        277,880   

Astoria Financial Corp. (b)

    45,199        446,566   

Bank Mutual Corp. (b)

    27,281        124,128   

BankFinancial Corp. (b)

    12,038        105,814   

Beneficial Mutual Bancorp, Inc. (a) (b)

    18,913        180,808   

Berkshire Hill Bancorp, Inc.

    10,852        248,294   

Bofi Holding, Inc. (a)

    4,567        118,970   

Brookline Bancorp, Inc.

    37,158        327,734   

Dime Community Bancshares

    15,501        223,834   

ESB Financial Corp.

    6,457        90,140   

EverBank Financial Corp. (a)

    13,574        186,914   

Federal Agricultural Mortage Corp.

    5,480        141,055   

First Defiance Financial Corp.

    5,038        86,956   

First Financial Holdings, Inc. (b)

    9,523        123,704   

First Pactrust Bancorp, Inc.

    6,101        76,323   

Flushing Financial Corp.

    17,365        274,367   

Fox Chase Bancorp, Inc.

    7,539        117,759   

Franklin Financial Corp. (a)

    7,196        122,764   

Home Federal Bancorp, Inc. (b)

    10,146        114,853   

Home Loan Servicing Solutions, Ltd.

    15,498        252,152   

HomeStreet, Inc. (a)

    2,483        94,503   

Kaiser Federal Financial Group, Inc.

    5,308        80,098   

Kearny Financial Corp. (b)

    8,785        85,566   

Thrifts & Mortgage Finance—(Continued)

   

Meridian Interstate Bancorp, Inc. (a)

    4,861      $ 80,206   

MGIC Investment Corp. (a) (b)

    50,862        77,819   

Nationstar Mortgage Holdings, Inc. (a)

    11,119        368,928   

Northwest Bancshares, Inc.

    50,738        620,526   

OceanFirst Financial Corp.

    6,649        97,541   

Ocwen Financial Corp. (a)

    56,989        1,562,068   

Oritani Financial Corp.

    22,475        338,249   

Provident Financial Holdings, Inc.

    5,583        79,334   

Provident Financial Services, Inc. (b)

    31,811        502,296   

Provident New York Bancorp (b)

    20,537        193,253   

Radian Group, Inc. (b)

    72,637        315,245   

Rockville Financial, Inc.

    15,288        187,278   

Territorial Bancorp, Inc.

    7,186        164,919   

TrustCo Bank Corp.

    49,973        285,846   

United Financial Bancorp, Inc. (b)

    9,478        137,147   

ViewPoint Financial Group

    18,051        346,038   

Walker & Dunlop, Inc. (a)

    6,145        94,449   

Westfield Financial, Inc. (b)

    15,381        115,204   

WSFS Financial Corp. (b)

    4,212        173,871   
   

 

 

 
      9,641,399   
   

 

 

 

Tobacco—0.2%

   

Alliance One International, Inc. (a) (b)

    51,865        167,524   

Star Scientific, Inc. (a) (b)

    78,583        271,897   

Universal Corp. (b)

    12,065        614,350   

Vector Group, Ltd. (b)

    29,786        494,156   
   

 

 

 
      1,547,927   
   

 

 

 

Trading Companies & Distributors—0.9%

   

Aceto Corp.

    12,038        113,759   

Aircastle, Ltd.

    30,075        340,750   

Applied Industrial Technologies, Inc.

    22,003        911,584   

Beacon Roofing Supply, Inc. (a) (b)

    24,991        712,243   

CAI International, Inc. (a)

    5,966        122,422   

DXP Enterprises, Inc. (a)

    4,456        212,863   

H&E Equipment Services, Inc. (a)

    14,207        172,189   

Houston Wire & Cable Co.

    10,450        112,442   

Kaman Corp. (b)

    14,024        502,901   

Rush Enterprises, Inc. (a) (b)

    17,833        343,464   

SeaCube Container Leasing, Ltd.

    6,223        116,681   

TAL International Group, Inc. (b)

    15,503        526,792   

Textainer Group Holdings, Ltd. (b)

    6,592        201,386   

Titan Machinery, Inc. (a)

    10,386        210,628   

Watsco, Inc. (b)

    15,555        1,178,913   
   

 

 

 
      5,779,017   
   

 

 

 

Transportation Infrastructure—0.0%

   

Wesco Aircraft Holdings, Inc. (a)

    11,661        159,289   
   

 

 

 

Water Utilities—0.2%

   

American States Water Co. (b)

    9,894        439,590   

Artesian Resources Corp. (b)

    4,110        95,475   

California Water Service Group (b)

    22,081        411,811   

Connecticut Water Service, Inc. (b)

    4,800        153,120   

Middlesex Water Co.

    7,497        143,643   

SJW Corp. (b)

    7,394        187,512   

York Water Co. (b)

    6,695        122,786   
   

 

 

 
      1,553,937   
   

 

 

 

 

MSF-187


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description       
Shares
    Value  

Wireless Telecommunication Services—0.1%

  

Leap Wireless International, Inc. (a) (b)

    31,644      $ 215,812   

NTELOS Holdings Corp.

    7,785        135,225   

Pendrell Corp. (a)

    78,328        88,511   

Shenandoah Telecommunications Co. (b)

    12,542        220,739   

USA Mobility, Inc.

    11,723        139,152   
   

 

 

 
      799,439   
   

 

 

 

Total Common Stock
(Identified Cost $552,973,171)

      624,857,111   
   

 

 

 
Mutual Funds—1.0%   

Exchange Traded Funds—1.0%

   

iShares Russell 2000 Index Fund

    74,600        6,226,116   
   

 

 

 

Total Mutual Funds
(Identified Cost $6,180,553)

      6,226,116   
   

 

 

 
Warrants—0.0%   

Oil, Gas & Consumable Fuels—0.0%

  

Magnum Hunter Resources Corp., expires 10/14/13 (a) (b)

    5,769        0   
   

 

 

 

Total Warrants
(Identified Cost $0)

      0   
   

 

 

 
Short Term Investments—25.4%                

Mutual Funds—23.2%

   

State Street Navigator Securities Lending Prime Portfolio (d)

    149,882,137        149,882,137   
   

 

 

 
Security Description   Par
Amount
    Value  

U.S. Treasury—2.2%

   

U.S. Treasury Bills
0.055%, 10/18/12

  $ 12,250,000      $ 12,249,533   

0.078%, 12/13/12

    825,000        824,841   

0.078%, 12/20/12

    1,100,000        1,099,771   
   

 

 

 
      14,174,145   
   

 

 

 

Total Short Term Investments
(Identified Cost $164,056,282)

      164,056,282   
   

 

 

 

Total Investments—123.2%
(Identified Cost $723,210,006) (e)

      795,139,509   

Liabilities in excess of other assets

      (149,725,952
   

 

 

 
Net Assets—100.0%     $ 645,413,557   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $144,876,270 and the collateral received consisted of cash in the amount of $149,882,137 and non-cash collateral with a value of $289,501. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2012, the market value of securities pledged was $2,523,536.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of September 30, 2012, the aggregate cost of investments was $723,210,006. The aggregate unrealized appreciation and depreciation of investments was $147,225,228 and $(75,295,725), respectively, resulting in net unrealized appreciation of $71,929,503.

Futures Contracts

 

Futures Contracts—Long

  

Exchange

   Expiration
Date
     Number of
Contracts
     Contract
Amount
     Valuation as of
September 30,
2012
     Unrealized
Appreciation
 

Russell 2000 Mini Index Futures

   ICE Futures U.S.      12/21/12         181       $ 15,080,540       $ 15,102,640       $ 22,100   
                 

 

 

 

 

MSF-188


Table of Contents

Metropolitan Series Fund

 

Russell 2000 Index Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 624,857,111       $ —         $ —         $ 624,857,111   

Total Mutual Funds*

     6,226,116         —           —           6,226,116   

Total Warrants*

     —           —           —           —     
Short Term Investments            

Mutual Funds

     149,882,137         —           —           149,882,137   

U.S. Treasury

     —           14,174,145         —           14,174,145   

Total Short Term Investments

     149,882,137         14,174,145         —           164,056,282   

Total Investments

   $ 780,965,364       $ 14,174,145       $ —         $ 795,139,509   
                                     
Futures Contracts            

Futures Contracts (Unrealized Appreciation)

   $ 22,100       $ —         $ —         $ 22,100   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-189


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—96.8% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—2.2%

   

Precision Castparts Corp.

    123,400      $ 20,156,156   

The Boeing Co.

    117,400        8,173,388   
   

 

 

 
      28,329,544   
   

 

 

 

Air Freight & Logistics—1.7%

   

FedEx Corp.

    129,600        10,966,752   

United Parcel Service, Inc. (Class B)

    165,000        11,809,050   
   

 

 

 
      22,775,802   
   

 

 

 

Airlines—0.2%

   

United Continental Holdings, Inc. (a) (b)

    133,400        2,601,300   
   

 

 

 

Automobiles—0.3%

   

Harley-Davidson, Inc.

    92,700        3,927,699   
   

 

 

 

Beverages—0.4%

   

Monster Beverage Corp. (b)

    109,400        5,925,104   
   

 

 

 

Biotechnology—3.1%

   

Alexion Pharmaceuticals, Inc. (b)

    91,840        10,506,496   

Biogen Idec, Inc. (b)

    74,500        11,117,635   

Celgene Corp. (b)

    64,617        4,936,739   

Gilead Sciences, Inc. (b)

    140,800        9,339,264   

Regeneron Pharmaceuticals, Inc. (a) (b)

    28,600        4,366,076   
   

 

 

 
      40,266,210   
   

 

 

 

Capital Markets—1.6%

   

Franklin Resources, Inc.

    95,600        11,956,692   

Invesco, Ltd.

    378,400        9,456,216   
   

 

 

 
      21,412,908   
   

 

 

 

Chemicals—3.1%

   

Ecolab, Inc.

    75,500        4,893,155   

Praxair, Inc.

    215,600        22,396,528   

The Sherwin-Williams Co.

    86,000        12,806,260   
   

 

 

 
      40,095,943   
   

 

 

 

Commercial Banks—0.4%

   

U.S. Bancorp

    148,600        5,096,980   
   

 

 

 

Communications Equipment—3.4%

   

Juniper Networks, Inc. (b)

    560,900        9,596,999   

QUALCOMM, Inc.

    550,600        34,406,994   
   

 

 

 
      44,003,993   
   

 

 

 

Computers & Peripherals—13.0%

   

Apple, Inc.

    240,300        160,342,578   

EMC Corp. (b)

    358,400        9,773,568   
   

 

 

 
      170,116,146   
   

 

 

 

Consumer Finance—1.3%

   

American Express Co.

    294,000        16,716,840   
   

 

 

 

Diversified Financial Services—0.4%

   

IntercontinentalExchange, Inc. (b)

    41,400        5,523,174   
   

 

 

 
   

Electrical Equipment—1.1%

   

Babcock & Wilcox Co. (b)

    129,050      $ 3,286,904   

Roper Industries, Inc. (a)

    105,800        11,626,362   
   

 

 

 
      14,913,266   
   

 

 

 

Electronic Equipment, Instruments & Components—0.4%

  

Trimble Navigation, Ltd. (b)

    119,480        5,694,417   
   

 

 

 

Energy Equipment & Services—1.4%

   

FMC Technologies, Inc. (b)

    185,400        8,584,020   

Schlumberger, Ltd.

    135,900        9,829,647   
   

 

 

 
      18,413,667   
   

 

 

 

Food & Staples Retailing—2.1%

   

Costco Wholesale Corp.

    103,600        10,372,950   

CVS Caremark Corp.

    251,900        12,196,998   

Whole Foods Market, Inc.

    44,400        4,324,560   
   

 

 

 
      26,894,508   
   

 

 

 

Health Care Equipment & Supplies—1.6%

   

Baxter International, Inc.

    88,200        5,314,932   

Covidien plc

    27,300        1,622,166   

Edwards Lifesciences Corp. (b)

    68,100        7,311,897   

Stryker Corp.

    125,800        7,002,028   
   

 

 

 
      21,251,023   
   

 

 

 

Health Care Providers & Services—2.1%

   

Catamaran Corp. (b)

    64,425        6,311,717   

McKesson Corp.

    148,800        12,801,264   

UnitedHealth Group, Inc.

    145,100        8,039,991   
   

 

 

 
      27,152,972   
   

 

 

 

Hotels, Restaurants & Leisure—5.5%

   

Carnival plc (GBP) (b)

    151,045        5,580,861   

Chipotle Mexican Grill, Inc. (b)

    33,300        10,574,082   

Las Vegas Sands Corp. (b)

    221,900        10,289,503   

Marriott International, Inc. (a)

    236,160        9,233,856   

MGM Resorts International (b)

    56,600        608,450   

Starbucks Corp.

    447,300        22,700,475   

Starwood Hotels & Resorts Worldwide, Inc.

    155,300        9,001,188   

Yum! Brands, Inc.

    69,500        4,610,630   
   

 

 

 
      72,599,045   
   

 

 

 

Household Durables—0.9%

   

D.R. Horton, Inc. (a)

    291,500        6,016,560   

Lennar Corp. (Class A) (a)

    170,000        5,910,900   
   

 

 

 
      11,927,460   
   

 

 

 

Industrial Conglomerates—2.4%

   

Danaher Corp.

    563,400        31,071,510   
   

 

 

 

Internet & Catalog Retail—6.6%

   

Amazon.com, Inc. (b)

    207,335        52,729,437   

priceline.com, Inc. (b)

    53,830        33,306,236   
   

 

 

 
      86,035,673   
   

 

 

 

 

MSF-190


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Internet Software & Services—11.2%

   

Akamai Technologies, Inc. (b)

    164,200      $ 6,282,292   

Baidu, Inc. (ADR) (b)

    133,100        15,548,742   

eBay, Inc. (b)

    498,900        24,151,749   

Facebook, Inc. (Class A) (Private Placement) (b) (c) (d)

    89,484        1,872,757   

Facebook, Inc. (Class B) (Private Placement) (b) (c) (d)

    158,942        3,326,403   

Google, Inc. (Class A) (b)

    90,400        68,206,800   

LinkedIn Corp. (b)

    75,890        9,137,156   

Rackspace Hosting, Inc. (a) (b)

    103,500        6,840,315   

Tencent Holdings, Ltd. (HKD)

    302,977        10,296,577   

Twitter, Inc. (Private Placement) (b) (c) (d)

    53,577        682,571   
   

 

 

 
      146,345,362   
   

 

 

 

IT Services—6.5%

   

Accenture plc

    208,200        14,580,246   

Alliance Data Systems Corp. (b)

    18,700        2,654,465   

MasterCard, Inc.

    81,400        36,750,472   

Teradata Corp. (b)

    87,314        6,584,349   

Visa, Inc. (Class A)

    179,700        24,130,116   
   

 

 

 
      84,699,648   
   

 

 

 

Machinery—0.4%

   

Deere & Co.

    59,400        4,899,906   
   

 

 

 

Media—1.0%

   

Charter Communications, Inc. (b)

    19,800        1,486,386   

The Walt Disney Co.

    221,446        11,577,197   
   

 

 

 
      13,063,583   
   

 

 

 

Multiline Retail—0.3%

   

Dollar Tree, Inc. (b)

    77,800        3,755,795   
   

 

 

 

Oil, Gas & Consumable Fuels—2.8%

   

EOG Resources, Inc.

    87,300        9,781,965   

Occidental Petroleum Corp.

    90,400        7,779,824   

Pioneer Natural Resources Co. (a)

    31,100        3,246,840   

Range Resources Corp.

    91,400        6,386,118   

The Williams Cos., Inc.

    253,600        8,868,392   
   

 

 

 
      36,063,139   
   

 

 

 

Pharmaceuticals—2.3%

   

Allergan, Inc.

    51,900        4,753,002   

Express Scripts Holding Co. (b)

    183,100        11,474,877   

Novo Nordisk A/S (DKK)

    42,097        6,644,340   

Valeant Pharmaceuticals International, Inc. (b)

    135,500        7,489,085   
   

 

 

 
      30,361,304   
   

 

 

 

Professional Services—0.4%

   

IHS, Inc. (b)

    60,700        5,909,145   
   

 

 

 

Real Estate Investment Trusts—2.1%

   

American Tower Corp.

    384,000        27,413,760   
   

 

 

 

Road & Rail—2.1%

   

J.B. Hunt Transport Services, Inc.

    105,300        5,479,812   

Kansas City Southern (b)

    119,700        9,070,866   
   

Road & Rail—(Continued)

   

Union Pacific Corp.

    108,800      $ 12,914,560   
   

 

 

 
      27,465,238   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.7%

  

Broadcom Corp.

    257,716        8,911,819   
   

 

 

 

Software—2.7%

   

Autodesk, Inc. (b)

    144,200        4,811,954   

Check Point Software Technologies, Ltd. (b)

    71,500        3,443,440   

Informatica Corp. (b)

    129,400        4,504,414   

Nuance Communications, Inc. (a) (b)

    161,000        4,007,290   

Red Hat, Inc. (b)

    130,400        7,424,976   

Salesforce.com, Inc. (a) (b)

    71,900        10,978,411   
   

 

 

 
      35,170,485   
   

 

 

 

Specialty Retail—3.0%

   

AutoZone, Inc. (b)

    29,950        11,071,616   

CarMax, Inc. (b)

    233,200        6,599,560   

Ross Stores, Inc.

    110,800        7,157,680   

The Home Depot, Inc.

    201,700        12,176,629   

Tractor Supply Co.

    25,400        2,511,806   
   

 

 

 
      39,517,291   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.8%

   

Fossil, Inc. (b)

    55,653        4,713,809   

Nike, Inc.

    102,200        9,699,802   

Prada S.p.A. (HKD) (b)

    561,500        4,177,739   

Ralph Lauren Corp.

    31,900        4,824,237   
   

 

 

 
      23,415,587   
   

 

 

 

Trading Companies & Distributors—1.6%

   

Fastenal Co. (a)

    364,700        15,678,453   

W.W. Grainger, Inc. (a)

    24,900        5,188,413   
   

 

 

 
      20,866,866   
   

 

 

 

Wireless Telecommunication Services—2.7%

  

Crown Castle International Corp. (b)

    543,678        34,849,760   
   

 

 

 

Total Common Stock
(Identified Cost $915,872,020)

      1,265,453,872   
   

 

 

 
Convertible Preferred Stock—0.1%   

Internet Software & Services—0.1%

   

Living Social (Class F) (Private Placement) (b) (c) (d)

    101,591        262,186   

Twitter, Inc. (Series A) (Private Placement) (b) (c) (d)

    139        1,771   

Twitter, Inc. (Series B) (Private Placement) (b) (c) (d)

    2,171        27,658   

Twitter, Inc. (Series C) (Private Placement) (b) (c) (d)

    558        7,109   

Twitter, Inc. (Series D) (Private Placement) (b) (c) (d)

    20,565        261,998   

 

MSF-191


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Convertible Preferred Stock—(Continued)

 

Security Description   Shares     Value  
   

Internet Software & Services—(Continued)

  

 

Twitter, Inc. (Series G2) (Private Placement) (b) (c) (d)

    85,204      $ 1,085,499   
   

 

 

 

Total Convertible Preferred Stock
(Identified Cost $2,529,598)

      1,646,221   
   

 

 

 
Short Term Investments—7.3%                

Mutual Funds—7.3%

   

State Street Navigator Securities Lending Prime Portfolio (e)

    54,671,029        54,671,029   

T. Rowe Price Reserve Investment Fund (f)

    41,104,202        41,104,202   
   

 

 

 

Total Short Term Investments
(Identified Cost $95,775,231)

      95,775,231   
   

 

 

 

Total Investments—104.2%
(Identified Cost $1,014,176,849) (g)

      1,362,875,324   

Liabilities in excess of other assets

      (54,812,395
   

 

 

 
Net Assets—100.0%     $ 1,308,062,929   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $53,294,693 and the collateral received consisted of cash in the amount of $54,671,029. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-Income Producing.
(c) Security was valued in good faith under procedures approved by the Board of Trustees.
(d) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2012, the market value of restricted securities was $7,527,952, which is 0.6% of net assets. See details below.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) Affiliated Issuer. See below.
(g) As of September 30, 2012, the aggregate cost of investments was $1,014,176,849. The aggregate unrealized appreciation and depreciation of investments was $365,993,538 and $(17,295,063), respectively, resulting in net unrealized appreciation of $348,698,475.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(DKK)— Danish Krone
(GBP)— British Pound
(HKD)— Hong Kong Dollar
Restricted Securities   

Security Description

   Acquisition Date      Shares      Cost      Value  

Facebook, Inc. (Class A)

     08/12/11         89,484       $ 2,787,167       $ 1,872,757   

Facebook, Inc. (Class B)

     03/31/11 - 05/19/11         158,942         3,974,798         3,326,403   

Living Social (Class F)

     11/18/11         101,591         781,235         262,186   

Twitter, Inc.

     09/13/11         53,577         862,247         682,571   

Twitter, Inc. (Series A)

     09/13/11         139         2,237         1,771   

Twitter, Inc. (Series B)

     09/13/11         2,171         34,939         27,658   

Twitter, Inc. (Series C)

     09/13/11         558         8,980         7,109   

Twitter, Inc. (Series D)

     09/13/11         20,565         330,965         261,998   

Twitter, Inc. (Series 2)

     07/28/11         85,204         1,371,242         1,085,499   

 

Transactions in Affiliated Issuers   

Security Description

   Shares Held at
December 31, 2011
     Shares
Purchased
     Shares
Sold
     Shares Held at
September 30, 2012
     Income For
Period Ended
September 30, 2012
 

T. Rowe Price Reserve Investment Fund

     28,757,200         180,625,654         168,278,652         41,104,202       $ 23,086   

 

MSF-192


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Aerospace & Defense

   $ 28,329,544       $ —         $ —         $ 28,329,544   

Air Freight & Logistics

     22,775,802         —           —           22,775,802   

Airlines

     2,601,300         —           —           2,601,300   

Automobiles

     3,927,699         —           —           3,927,699   

Beverages

     5,925,104         —           —           5,925,104   

Biotechnology

     40,266,210         —           —           40,266,210   

Capital Markets

     21,412,908         —           —           21,412,908   

Chemicals

     40,095,943         —           —           40,095,943   

Commercial Banks

     5,096,980         —           —           5,096,980   

Communications Equipment

     44,003,993         —           —           44,003,993   

Computers & Peripherals

     170,116,146         —           —           170,116,146   

Consumer Finance

     16,716,840         —           —           16,716,840   

Diversified Financial Services

     5,523,174         —           —           5,523,174   

Electrical Equipment

     14,913,266         —           —           14,913,266   

Electronic Equipment, Instruments & Components

     5,694,417         —           —           5,694,417   

Energy Equipment & Services

     18,413,667         —           —           18,413,667   

Food & Staples Retailing

     26,894,508         —           —           26,894,508   

Health Care Equipment & Supplies

     21,251,023         —           —           21,251,023   

Health Care Providers & Services

     27,152,972         —           —           27,152,972   

Hotels, Restaurants & Leisure

     67,018,184         5,580,861         —           72,599,045   

Household Durables

     11,927,460         —           —           11,927,460   

Industrial Conglomerates

     31,071,510         —           —           31,071,510   

Internet & Catalog Retail

     86,035,673         —           —           86,035,673   

Internet Software & Services

     130,167,054         15,495,737         682,571         146,345,362   

IT Services

     84,699,648         —           —           84,699,648   

Machinery

     4,899,906         —           —           4,899,906   

Media

     13,063,583         —           —           13,063,583   

Multiline Retail

     3,755,795         —           —           3,755,795   

Oil, Gas & Consumable Fuels

     36,063,139         —           —           36,063,139   

Pharmaceuticals

     23,716,964         6,644,340         —           30,361,304   

Professional Services

     5,909,145         —           —           5,909,145   

Real Estate Investment Trusts

     27,413,760         —           —           27,413,760   

Road & Rail

     27,465,238         —           —           27,465,238   

Semiconductors & Semiconductor Equipment

     8,911,819         —           —           8,911,819   

Software

     35,170,485         —           —           35,170,485   

Specialty Retail

     39,517,291         —           —           39,517,291   

Textiles, Apparel & Luxury Goods

     19,237,848         4,177,739         —           23,415,587   

 

MSF-193


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Large Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2      Level 3      Total  

Trading Companies & Distributors

   $ 20,866,866       $ —         $ —         $ 20,866,866   

Wireless Telecommunication Services

     34,849,760         —           —           34,849,760   

Total Common Stock

     1,232,872,624         31,898,677         682,571         1,265,453,872   

Total Convertible Preferred Stock*

     —           —           1,646,221         1,646,221   

Total Short Term Investments*

     95,775,231         —           —           95,775,231   

Total Investments

   $ 1,328,647,855       $ 31,898,677       $ 2,328,792       $ 1,362,875,324   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value:

 

      Common
Stock
    Convertible
Preferred
Stock
    Total  

Balance as of December 31, 2011

   $ 8,487,828      $ 2,302,153      $ 10,789,981   

Transfers Into Level 3

     0        0        0   

Transfers Out of Level 3

     (7,737,749     0        (7,737,749

Accrued discounts/premiums

     0        0        0   

Realized Gain

     0        0        0   

Change in unrealized depreciation

     (67,508     (655,932     (723,440

Security Purchases

     0        0        0   

Security Sales

     0        0        0   

Balance as of September 30, 2012

   $ 682,571      $ 1,646,221      $ 2,328,792   

 

Common stock was transferred out of level 3 due to the initial public offering of the securities, which resulted in the trading of the securities on a recognized exchange and the availability of quoted prices in an active market. The change in unrealized depreciation on investments held at September 30, 2012 was $(723,440).

 

MSF-194


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—99.7% of Net Assets

 

Security Description   Shares     Value  
   

Aerospace & Defense—2.7%

   

Esterline Technologies Corp. (a)

    46,100      $ 2,588,054   

GenCorp, Inc. (a) (b)

    91,800        871,182   

Heico Corp. (Class A)

    91,985        2,806,462   

Hexcel Corp. (a) (b)

    42,900        1,030,458   

Teledyne Technologies, Inc. (a)

    34,500        2,186,955   

TransDigm Group, Inc. (a)

    36,500        5,178,255   

Triumph Group, Inc. (b)

    53,100        3,320,343   
   

 

 

 
      17,981,709   
   

 

 

 

Air Freight & Logistics—0.3%

   

HUB Group, Inc. (a) (b)

    25,800        765,744   

UTi Worldwide, Inc. (b)

    110,300        1,485,741   
   

 

 

 
      2,251,485   
   

 

 

 

Airlines—0.1%

   

Allegiant Travel Co. (a) (b)

    7,500        475,200   
   

 

 

 

Auto Components—0.8%

   

Dana Holding Corp. (a) (b)

    121,100        1,489,530   

Gentex Corp. (b)

    35,800        608,958   

Tenneco, Inc. (a) (b)

    74,300        2,080,400   

TRW Automotive Holdings Corp. (a)

    21,800        952,878   
   

 

 

 
      5,131,766   
   

 

 

 

Beverages—0.8%

   

Boston Beer Co., Inc. (a) (b)

    48,487        5,429,089   
   

 

 

 

Biotechnology—8.9%

   

Acorda Therapeutics, Inc. (a) (b)

    41,700        1,067,937   

Affymax, Inc. (a)

    34,400        724,464   

Alkermes plc (a) (b)

    152,600        3,166,450   

Alnylam Pharmaceuticals, Inc. (a) (b)

    45,200        849,308   

AMAG Pharmaceuticals, Inc. (a) (b)

    22,000        390,280   

Ariad Pharmaceuticals, Inc. (a) (b)

    147,300        3,568,342   

Arqule, Inc. (a) (b)

    102,500        523,775   

BioMarin Pharmaceutical, Inc. (a) (b)

    95,100        3,829,677   

Cepheid, Inc. (a) (b)

    87,300        3,012,723   

Cubist Pharmaceuticals, Inc. (a) (b)

    104,000        4,958,720   

Dendreon Corp. (a) (b)

    36,200        174,846   

Exelixis, Inc. (a) (b)

    292,100        1,407,922   

Halozyme Therapeutics, Inc. (a) (b)

    105,700        799,092   

Idenix Pharmaceuticals, Inc. (a) (b)

    132,900        607,353   

Incyte Corp., Ltd. (a) (b)

    269,700        4,868,085   

InterMune, Inc. (a) (b)

    50,800        455,676   

Lexicon Pharmaceuticals, Inc. (a) (b)

    81,100        188,152   

Medivation, Inc. (b)

    73,400        4,136,824   

Momenta Pharmaceuticals, Inc. (a) (b)

    39,300        572,601   

NPS Pharmaceuticals, Inc. (a) (b)

    75,600        699,300   

Onyx Pharmaceuticals, Inc. (a)

    60,300        5,095,350   

Pharmacyclics, Inc. (a) (b)

    62,000        3,999,000   

Regeneron Pharmaceuticals, Inc. (a) (b)

    48,200        7,358,212   

Rigel Pharmaceuticals, Inc. (a) (b)

    61,400        629,350   

Seattle Genetics, Inc. (a) (b)

    76,200        2,053,590   

Theravance, Inc. (a) (b)

    74,200        1,922,522   

United Therapeutics Corp. (a) (b)

    56,000        3,129,280   
   

 

 

 
      60,188,831   
   

 

 

 
   

Capital Markets—0.8%

   

Affiliated Managers Group, Inc. (a)

    22,549      $ 2,773,527   

Cohen & Steers, Inc. (b)

    11,300        334,706   

E*TRADE Financial Corp. (a)

    176,860        1,558,137   

Stifel Financial Corp. (a) (b)

    24,850        834,960   
   

 

 

 
      5,501,330   
   

 

 

 

Chemicals—2.8%

   

Intrepid Potash, Inc. (a) (b)

    42,200        906,456   

Koppers Holdings, Inc.

    27,900        974,547   

NewMarket Corp. (b)

    16,900        4,165,512   

Rockwood Holdings, Inc. (a)

    102,700        4,785,820   

Senomyx, Inc. (a) (b)

    50,400        95,760   

Stepan Co. (b)

    27,400        2,633,688   

W.R. Grace & Co. (a)

    94,000        5,553,520   
   

 

 

 
      19,115,303   
   

 

 

 

Commercial Banks—1.4%

   

Signature Bank (a) (b)

    51,500        3,454,620   

SVB Financial Group (a)

    46,100        2,787,206   

Texas Capital Bancshares, Inc. (a) (b)

    66,000        3,280,860   
   

 

 

 
      9,522,686   
   

 

 

 

Commercial Services & Supplies—2.3%

   

ACCO Brands Corp. (a) (b)

    43,600        282,964   

Cenveo, Inc. (a) (b)

    89,700        205,413   

Clean Harbors, Inc. (a) (b)

    127,600        6,233,260   

Rollins, Inc. (b)

    92,050        2,153,049   

Team, Inc. (a) (b)

    46,800        1,490,580   

The Brink’s Co.

    13,300        341,677   

U.S. Ecology, Inc. (b)

    35,000        755,300   

Waste Connections, Inc. (b)

    131,700        3,983,925   
   

 

 

 
      15,446,168   
   

 

 

 

Communications Equipment—1.9%

   

Acme Packet, Inc. (a) (b)

    53,700        918,270   

ADTRAN, Inc. (b)

    104,000        1,797,120   

Aruba Networks, Inc. (a) (b)

    145,500        3,271,567   

JDS Uniphase Corp. (a) (b)

    208,900        2,587,227   

Plantronics, Inc. (b)

    72,300        2,554,359   

Polycom, Inc. (a) (b)

    122,386        1,207,950   

Riverbed Technology, Inc. (a) (b)

    33,400        777,218   
   

 

 

 
      13,113,711   
   

 

 

 

Computers & Peripherals—0.3%

   

Synaptics, Inc. (a) (b)

    71,400        1,715,028   
   

 

 

 

Consumer Finance—0.4%

   

World Acceptance Corp. (a) (b)

    37,000        2,495,650   
   

 

 

 

Containers & Packaging—0.3%

   

Rock-Tenn Co.

    30,300        2,187,054   
   

 

 

 

Distributors—0.6%

   

LKQ Corp. (a) (b)

    65,400        1,209,900   

Pool Corp. (b)

    61,200        2,544,696   
   

 

 

 
      3,754,596   
   

 

 

 

 

MSF-195


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Diversified Consumer Services—1.1%

   

American Public Education, Inc. (a) (b)

    85,800      $ 3,125,694   

Sotheby’s (b)

    53,700        1,691,550   

Steiner Leisure, Ltd. (a) (b)

    26,800        1,247,540   

Weight Watchers International, Inc. (b)

    26,791        1,414,565   
   

 

 

 
      7,479,349   
   

 

 

 

Diversified Financial Services—1.0%

   

MSCI, Inc. (a)

    50,578        1,810,187   

NewStar Financial, Inc. (a) (b)

    115,900        1,389,641   

Portfolio Recovery Associates, Inc. (a) (b)

    36,200        3,780,366   
   

 

 

 
      6,980,194   
   

 

 

 

Diversified Telecommunication Services—0.8%

  

 

Premiere Global Services, Inc. (a) (b)

    60,100        561,935   

tw telecom, inc. (a) (b)

    182,800        4,765,596   
   

 

 

 
      5,327,531   
   

 

 

 

Electrical Equipment—1.0%

   

Acuity Brands, Inc. (b)

    68,800        4,354,352   

General Cable Corp. (a) (b)

    8,500        249,730   

II-VI, Inc. (a) (b)

    103,600        1,970,472   
   

 

 

 
      6,574,554   
   

 

 

 

Electronic Equipment, Instruments & Components—1.2%

  

Anixter International, Inc. (a) (b)

    56,700        3,257,982   

Coherent, Inc. (a) (b)

    41,100        1,884,846   

Dolby Laboratories, Inc. (Class A) (a) (b)

    5,800        189,950   

Itron, Inc. (a) (b)

    21,700        936,355   

Power-One, Inc. (a) (b)

    130,700        731,920   

Rofin-Sinar Technologies, Inc. (a) (b)

    20,900        412,357   

Trimble Navigation, Ltd. (a) (b)

    18,300        872,178   
   

 

 

 
      8,285,588   
   

 

 

 

Energy Equipment & Services—3.4%

   

Atwood Oceanics, Inc. (a) (b)

    58,100        2,640,645   

Core Laboratories NV (b)

    30,400        3,692,992   

Dawson Geophysical Co. (a) (b)

    10,200        257,652   

Dril-Quip, Inc. (a) (b)

    34,000        2,443,920   

Gulf Island Fabrication, Inc. (b)

    33,700        939,219   

ION Geophysical Corp. (a) (b)

    102,800        713,432   

Lufkin Industries, Inc. (b)

    28,900        1,555,398   

Oceaneering International, Inc.

    49,100        2,712,775   

Oil States International, Inc. (a) (b)

    53,400        4,243,164   

Superior Energy Services, Inc. (a)

    112,719        2,312,994   

Tesco Corp. (a) (b)

    63,100        673,908   

Tetra Technologies, Inc. (a)

    10,400        62,920   

Unit Corp. (a)

    21,100        875,650   
   

 

 

 
      23,124,669   
   

 

 

 

Food & Staples Retailing—0.4%

   

Susser Holdings Corp. (a)

    75,100        2,716,367   
   

 

 

 

Food Products—1.1%

   

J&J Snack Foods Corp. (b)

    52,400        3,004,092   

TreeHouse Foods, Inc. (a) (b)

    88,100        4,625,250   
   

 

 

 
      7,629,342   
   

 

 

 
   

Health Care Equipment & Supplies—4.1%

   

ArthroCare Corp. (a) (b)

    68,400      $ 2,216,160   

Edwards Lifesciences Corp. (a)

    9,500        1,020,015   

HeartWare International, Inc. (a) (b)

    16,400        1,549,636   

ICU Medical, Inc. (a)

    13,500        816,480   

IDEXX Laboratories, Inc. (a) (b)

    38,500        3,824,975   

Integra LifeSciences Holdings Corp. (a)

    24,600        1,011,060   

Masimo Corp. (a) (b)

    42,400        1,025,232   

Meridian Bioscience, Inc. (b)

    44,800        859,264   

Orthofix International NV (a) (b)

    58,500        2,617,875   

Sirona Dental Systems, Inc. (a)

    83,200        4,739,072   

The Cooper Cos., Inc.

    41,000        3,872,860   

Thoratec Corp. (a)

    58,700        2,031,020   

Volcano Corp. (a) (b)

    74,200        2,119,894   
   

 

 

 
      27,703,543   
   

 

 

 

Health Care Providers & Services—4.5%

   

Air Methods Corp. (a) (b)

    13,900        1,659,243   

Bio-Reference Labs, Inc. (a) (b)

    29,500        843,110   

Catamaran Corp. (a) (b)

    37,594        3,683,084   

Centene Corp. (a)

    71,300        2,667,333   

Chemed Corp. (b)

    26,700        1,850,043   

Corvel Corp. (a) (b)

    38,600        1,727,350   

Healthsouth Corp. (a) (b)

    79,100        1,903,146   

HMS Holdings Corp. (a) (b)

    149,600        5,001,128   

Mednax, Inc. (a) (b)

    44,700        3,327,915   

MWI Veterinary Supply, Inc. (a) (b)

    26,400        2,816,352   

PharMerica Corp. (a) (b)

    23,200        293,712   

Team Health Holdings, Inc. (a)

    87,600        2,376,588   

WellCare Health Plans, Inc. (a)

    45,300        2,561,715   
   

 

 

 
      30,710,719   
   

 

 

 

Hotels, Restaurants & Leisure—2.0%

   

CEC Entertainment, Inc. (b)

    20,000        602,400   

Choice Hotels International, Inc. (b)

    33,400        1,068,466   

Denny’s Corp. (a) (b)

    370,300        1,795,955   

Panera Bread Co. (a) (b)

    27,900        4,767,831   

Red Robin Gourmet Burgers, Inc. (a) (b)

    24,900        810,744   

Six Flags Entertainment Corp.

    41,100        2,416,680   

The Cheesecake Factory, Inc. (b)

    53,900        1,926,925   
   

 

 

 
      13,389,001   
   

 

 

 

Household Durables—0.7%

   

iRobot Corp. (a)

    73,400        1,670,584   

Tempur-Pedic International, Inc. (a)

    108,800        3,252,032   
   

 

 

 
      4,922,616   
   

 

 

 

Household Products—0.1%

   

Church & Dwight Co., Inc. (b)

    18,500        998,815   
   

 

 

 

Insurance—0.3%

   

Amtrust Financial Services, Inc. (b)

    62,700        1,606,374   

StanCorp Financial Group, Inc. (b)

    3,800        118,712   
   

 

 

 
      1,725,086   
   

 

 

 

Internet & Catalog Retail—1.0%

   

HSN, Inc. (b)

    103,300        5,066,865   

Shutterfly, Inc. (a) (b)

    58,200        1,811,184   
   

 

 

 
      6,878,049   
   

 

 

 

 

MSF-196


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Internet Software & Services—1.7%

   

Ancestry.com, Inc. (a) (b)

    55,800      $ 1,678,464   

j2 Global, Inc. (b)

    61,400        2,015,148   

MercadoLibre, Inc. (b)

    36,300        2,996,565   

Perficient, Inc. (a) (b)

    69,000        832,830   

RealNetworks, Inc. (a) (b)

    29,649        246,680   

SINA Corp. (a) (b)

    2,000        129,360   

Sohu.com, Inc. (a) (b)

    25,500        1,073,295   

ValueClick, Inc. (a) (b)

    96,000        1,650,240   

WebMD Health Corp. (a) (b)

    45,200        634,156   
   

 

 

 
      11,256,738   
   

 

 

 

IT Services—4.3%

   

CACI International, Inc. (a) (b)

    4,000        207,160   

Cardtronics, Inc. (a) (b)

    122,700        3,654,006   

Gartner, Inc. (Class A) (a) (b)

    143,900        6,632,351   

Genpact, Ltd. (a)

    30,900        515,412   

Global Payments, Inc. (c)

    14,120        590,640   

Heartland Payment Systems, Inc. (b)

    112,560        3,565,901   

MAXIMUS, Inc.

    111,300        6,646,836   

TeleTech Holdings, Inc. (a) (b)

    49,500        843,975   

TNS, Inc. (a) (b)

    30,718        459,234   

Unisys Corp. (a) (b)

    49,209        1,024,531   

VeriFone Systems, Inc. (a) (b)

    46,100        1,283,885   

Wright Express Corp. (a) (b)

    51,100        3,562,692   
   

 

 

 
      28,986,623   
   

 

 

 

Leisure Equipment & Products—1.4%

   

Brunswick Corp. (b)

    101,400        2,294,682   

Polaris Industries, Inc. (b)

    85,500        6,914,385   
   

 

 

 
      9,209,067   
   

 

 

 

Life Sciences Tools & Services—1.2%

   

Bio-Rad Laboratories, Inc. (a)

    20,200        2,155,744   

Bruker Corp. (a) (b)

    127,200        1,665,048   

Illumina, Inc. (a) (b)

    22,700        1,094,140   

Mettler-Toledo International, Inc. (a) (b)

    9,600        1,639,104   

PAREXEL International Corp. (a) (b)

    60,600        1,864,056   
   

 

 

 
      8,418,092   
   

 

 

 

Machinery—7.5%

   

3D Systems Corp. (a) (b)

    83,500        2,742,975   

Actuant Corp. (b)

    104,600        2,993,652   

Chart Industries, Inc. (a) (b)

    30,300        2,237,655   

Gardner Denver, Inc. (b)

    52,700        3,183,607   

Graco, Inc. (b)

    65,500        3,293,340   

IDEX Corp. (b)

    72,600        3,032,502   

John Bean Technologies Corp. (b)

    32,200        525,826   

Lincoln Electric Holdings, Inc. (b)

    81,300        3,174,765   

Meritor, Inc. (a)

    109,900        465,976   

Middleby Corp. (a) (b)

    41,500        4,799,060   

NACCO Industries, Inc. (b)

    10,697        1,341,511   

Nordson Corp.

    94,400        5,533,728   

Robbins & Myers, Inc.

    12,600        750,960   

Sun Hydraulics Corp.

    16,700        443,719   

Toro Co. (b)

    106,800        4,248,504   

Valmont Industries, Inc.

    35,200        4,628,800   

Wabtec Corp.

    62,800        5,042,212   
   

Machinery—(Continued)

   

Woodward, Inc. (b)

    58,100      $ 1,974,238   
   

 

 

 
      50,413,030   
   

 

 

 

Marine—0.7%

   

Kirby Corp. (a) (b)

    79,800        4,411,344   
   

 

 

 

Media—1.4%

   

CTC Media, Inc. (a)

    3,900        35,529   

Digital Generation, Inc. (a) (b)

    84,800        963,328   

John Wiley & Sons, Inc. (b)

    27,100        1,245,245   

Liberty Capital Group (Class A) (a)

    16,500        1,718,805   

Madison Square Garden, Inc. (a)

    109,600        4,413,592   

SIRIUS XM Radio, Inc. (a) (b)

    496,726        1,291,488   
   

 

 

 
      9,667,987   
   

 

 

 

Metals & Mining—1.7%

   

Allied Nevada Gold Corp. (a) (b)

    75,600        2,952,936   

Carpenter Technology Corp.

    16,900        884,208   

Compass Minerals International, Inc. (b)

    23,300        1,737,947   

Royal Gold, Inc. (b)

    43,600        4,353,896   

Stillwater Mining Co. (a) (b)

    133,900        1,578,681   
   

 

 

 
      11,507,668   
   

 

 

 

Multiline Retail—0.3%

   

Big Lots, Inc. (a) (b)

    67,000        1,981,860   
   

 

 

 

Oil, Gas & Consumable Fuels—3.0%

   

Bill Barrett Corp. (a) (b)

    67,400        1,669,498   

Clayton Williams Energy, Inc. (a) (b)

    49,500        2,568,555   

Contango Oil & Gas Co. (a) (b)

    68,800        3,380,832   

Gran Tierra Energy, Inc. (a) (b)

    185,700        960,069   

Halcon Resources Corp. (a)

    114,600        840,018   

Northern Oil & Gas, Inc. (a)

    127,200        2,161,128   

Oasis Petroleum, Inc. (a) (b)

    79,500        2,342,865   

Rosetta Resources, Inc. (a) (b)

    60,200        2,883,580   

SM Energy Co.

    60,900        3,295,299   
   

 

 

 
      20,101,844   
   

 

 

 

Paper & Forest Products—0.5%

   

Clearwater Paper Corp. (a)

    20,200        834,462   

KapStone Paper & Packaging Corp. (a) (b)

    102,600        2,297,214   
   

 

 

 
      3,131,676   
   

 

 

 

Personal Products—0.7%

   

Herbalife, Ltd. (b)

    50,600        2,398,440   

Nu Skin Enterprises, Inc. (b)

    50,500        1,960,915   

Prestige Brands Holdings, Inc. (a)

    21,800        369,728   
   

 

 

 
      4,729,083   
   

 

 

 

Pharmaceuticals—3.0%

   

Akorn, Inc. (a) (b)

    136,900        1,809,818   

Auxilium Pharmaceuticals, Inc. (a) (b)

    55,700        1,362,422   

AVANIR Pharmaceuticals, Inc. (a) (b)

    278,300        890,560   

Cadence Pharmaceuticals, Inc. (a) (b)

    47,800        187,376   

Jazz Pharmaceuticals plc (a) (b)

    57,200        3,260,972   

MAP Pharmaceuticals, Inc. (a) (b)

    38,100        593,217   

Nektar Therapeutics (a) (b)

    86,800        927,024   

 

MSF-197


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  
   

Pharmaceuticals—(Continued)

   

Questcor Pharmaceuticals, Inc. (a) (b)

    70,600      $ 1,306,100   

Salix Pharmaceuticals, Ltd. (a) (b)

    57,500        2,434,550   

The Medicines Co. (a) (b)

    134,700        3,476,607   

Viropharma, Inc. (a) (b)

    103,500        3,127,770   

XenoPort, Inc. (a) (b)

    57,300        656,658   
   

 

 

 
      20,033,074   
   

 

 

 

Professional Services—1.5%

   

Exponent, Inc. (a) (b)

    31,500        1,798,335   

Huron Consulting Group, Inc. (a) (b)

    76,400        2,660,248   

RPX Corp. (a)

    69,800        782,458   

The Advisory Board Co. (a)

    87,900        4,204,257   

Towers Watson & Co.

    8,800        466,840   
   

 

 

 
      9,912,138   
   

 

 

 

Real Estate Investment Trusts—1.0%

   

DuPont Fabros Technology, Inc. (b)

    52,100        1,315,525   

Sabra Healthcare REIT, Inc. (b)

    21,433        428,874   

Strategic Hotels & Resorts, Inc. (a) (b)

    182,200        1,095,022   

Taubman Centers, Inc.

    50,100        3,844,173   
   

 

 

 
      6,683,594   
   

 

 

 

Real Estate Management & Development—1.5%

  

 

Altisource Portfolio Solutions S.A. (a) (b)

    54,200        4,674,750   

Forest City Enterprises, Inc. (a) (b)

    174,800        2,770,580   

Jones Lang LaSalle, Inc.

    25,100        1,916,385   

Kennedy-Wilson Holdings, Inc. (b)

    57,000        796,290   
   

 

 

 
      10,158,005   
   

 

 

 

Road & Rail—1.2%

   

Avis Budget Group, Inc. (a) (b)

    88,100        1,354,978   

Landstar System, Inc.

    52,700        2,491,656   

Old Dominion Freight Line, Inc. (a) (b)

    138,450        4,175,652   
   

 

 

 
      8,022,286   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.3%

  

 

Advanced Energy Industries, Inc. (a) (b)

    15,300        188,496   

Amkor Technology, Inc. (a) (b)

    213,000        937,200   

Atmel Corp. (a) (b)

    110,400        580,704   

Cabot Microelectronics Corp. (a) (b)

    23,300        818,762   

Cavium, Inc. (a) (b)

    102,800        3,426,324   

Cymer, Inc. (a) (b)

    38,100        1,945,386   

Cypress Semiconductor Corp. (b)

    156,900        1,681,968   

Diodes, Inc. (a) (b)

    93,200        1,585,332   

Hittite Microwave Corp. (a) (b)

    47,700        2,645,919   

Micrel, Inc. (b)

    93,600        975,312   

Microsemi Corp. (a)

    116,000        2,328,120   

PMC-Sierra, Inc. (a) (b)

    106,500        600,660   

Semtech Corp. (a) (b)

    59,700        1,501,455   

Silicon Laboratories, Inc. (a)

    33,200        1,220,432   

TriQuint Semiconductor, Inc. (a) (b)

    144,700        730,735   

Veeco Instruments, Inc. (a) (b)

    42,100        1,263,842   
   

 

 

 
      22,430,647   
   

 

 

 

Software—9.2%

   

Actuate Corp. (a) (b)

    65,319        459,192   

Advent Software, Inc. (a) (b)

    64,800        1,592,136   
   

Software—(Continued)

   

ANSYS, Inc. (a) (b)

    22,430      $ 1,646,362   

CommVault Systems, Inc. (a)

    92,400        5,423,880   

Concur Technologies, Inc. (a) (b)

    58,700        4,327,951   

Ebix, Inc. (a) (b)

    104,800        2,474,328   

FactSet Research Systems, Inc. (b)

    29,500        2,844,390   

Fortinet, Inc. (a)

    157,600        3,804,464   

Informatica Corp. (a)

    121,500        4,229,415   

Jack Henry & Associates, Inc.

    32,500        1,231,750   

MICROS Systems, Inc. (a) (b)

    99,800        4,902,176   

Monotype Imaging Holdings, Inc. (a) (b)

    72,205        1,125,676   

Netscout Systems, Inc. (a)

    109,600        2,795,896   

Opnet Technologies, Inc. (b)

    77,800        2,650,646   

Parametric Technology Corp. (a)

    117,600        2,563,680   

Progress Software Corp. (a) (b)

    34,900        746,511   

RealD, Inc. (a) (b)

    33,600        300,384   

Rovi Corp. (a)

    61,600        893,816   

SolarWinds, Inc. (a)

    6,400        356,736   

Solera Holdings, Inc. (b)

    26,300        1,153,781   

Sourcefire, Inc. (a) (b)

    65,400        3,206,562   

TIBCO Software, Inc. (a)

    205,700        6,218,311   

Ultimate Software Group, Inc. (a) (b)

    67,700        6,912,170   
   

 

 

 
      61,860,213   
   

 

 

 

Specialty Retail—4.6%

   

Aaron’s, Inc.

    100,700        2,800,467   

Aeropostale, Inc. (a) (b)

    78,125        1,057,031   

Ascena Retail Group, Inc. (a)

    218,200        4,680,390   

DSW, Inc. (Class A)

    5,300        353,616   

Guess?, Inc. (b)

    37,400        950,708   

Hibbett Sports, Inc. (a) (b)

    41,650        2,476,093   

JOS A. Bank Clothiers, Inc. (a) (b)

    33,800        1,638,624   

Monro Muffler Brake, Inc. (b)

    137,300        4,831,587   

Sally Beauty Holdings, Inc. (a)

    250,900        6,295,081   

The Children’s Place Retail Stores, Inc. (a) (b)

    22,800        1,368,000   

Tractor Supply Co. (b)

    46,500        4,598,385   
   

 

 

 
      31,049,982   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.8%

  

 

Deckers Outdoor Corp. (a) (b)

    44,200        1,619,488   

Fossil, Inc. (a)

    29,949        2,536,680   

Iconix Brand Group, Inc. (a) (b)

    99,300        1,811,232   

PVH Corp.

    34,400        3,223,968   

The Warnaco Group, Inc. (a)

    38,400        1,992,960   

True Religion Apparel, Inc. (a) (b)

    45,700        974,781   
   

 

 

 
      12,159,109   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

   

MGIC Investment Corp. (a) (b)

    69,400        106,182   

Radian Group, Inc. (b)

    48,400        210,056   
   

 

 

 
      316,238   
   

 

 

 

Trading Companies & Distributors—0.8%

  

 

Beacon Roofing Supply, Inc. (a) (b)

    83,100        2,368,350   

United Rentals, Inc. (a) (b)

    102,532        3,353,822   
   

 

 

 
      5,722,172   
   

 

 

 

 

MSF-198


Table of Contents

Metropolitan Series Fund

 

T. Rowe Price Small Cap Growth Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—(Continued)

 

Security Description   Shares     Value  

Wireless Telecommunication Services—0.3%

  

 

SBA Communications Corp. (a) (b)

    34,700      $ 2,182,630   
   

 

 

 

Total Common Stock
(Identified Cost $551,426,175)

      673,100,129   
   

 

 

 
Short Term Investments—29.4%   

Mutual Funds—29.4%

   

State Street Navigator Securities Lending Prime Portfolio (d)

    194,137,964        194,137,964   

T. Rowe Price Reserve Investment Fund Fund (e)

    4,765,283        4,765,283   
   

 

 

 

Total Short Term Investments
(Identified Cost $198,903,247)

      198,903,247   
   

 

 

 

Total Investments—129.1%
(Identified Cost $750,329,422) (f)

      872,003,376   

Liabilities in excess of other assets

      (196,563,302
   

 

 

 
Net Assets 100.0%     $ 675,440,074   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $188,984,355 and the collateral received consisted of cash in the amount of $194,137,964 and non-cash collateral with a value of $312,091. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) Security was valued in good faith under procedures approved by the Board of Trustees.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) Affiliated Issuer. See below.
(f) As of September 30, 2012, the aggregate cost of investments was $750,329,422. The aggregate unrealized appreciation and depreciation of investments was $160,459,294 and $(38,785,340), respectively, resulting in net unrealized appreciation of $121,673,954.

 

Transactions in Affiliated Issuers   

Security Description

   Shares Held at
December 31, 2011
     Shares
Purchased
     Shares
Sold
     Shares Held at
September 30, 2012
     Income For
Period Ended
September 30, 2012
 

T. Rowe Price Reserve Investment Fund

     1,714,942         67,820,543         64,770,202         4,765,283       $ 2,869   

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stock*

   $ 673,100,129       $ —         $ —         $ 673,100,129   

Total Short Term Investments*

     198,903,247         —           —           198,903,247   

Total Investments

   $ 872,003,376       $ —         $ —         $ 872,003,376   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-199


Table of Contents

Metropolitan Series Fund

 

Van Eck Global Natural Resources Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Common Stock—93.3% of Net Assets

 

Security Description   Shares     Value  

Chemicals—1.0%

   

The Mosaic Co.

    182,900      $ 10,536,869   
   

 

 

 

Construction & Engineering—0.5%

   

Jacobs Engineering Group, Inc. (a)

    125,100        5,057,793   
   

 

 

 

Energy Equipment & Services—25.1%

   

Cameron International Corp. (a)

    529,400        29,683,458   

Diamond Offshore Drilling, Inc. (b)

    330,500        21,750,205   

Dril-Quip, Inc. (a) (b)

    259,900        18,681,612   

Ensco plc (b)

    333,700        18,206,672   

Halliburton Co.

    1,148,600        38,696,334   

Key Energy Services, Inc. (a)

    381,800        2,672,600   

National Oilwell Varco, Inc.

    311,200        24,930,232   

Noble Corp.

    346,500        12,397,770   

Patterson-UTI Energy, Inc. (b)

    644,900        10,215,216   

Schlumberger, Ltd.

    561,500        40,613,295   

Seadrill, Ltd. (NOK) (b)

    571,100        22,350,860   

Weatherford International, Ltd. (a)

    709,100        8,991,388   
   

 

 

 
      249,189,642   
   

 

 

 

Machinery—1.1%

   

Cummins, Inc.

    115,500        10,650,255   
   

 

 

 

Metals & Mining—28.5%

   

African Minerals, Ltd. (GBP) (a) (b)

    280,552        1,350,546   

African Minerals, Ltd. (a)

    412,448        1,895,718   

BHP Billiton plc (GBP)

    590,400        18,437,562   

Cliffs Natural Resources, Inc. (b)

    378,600        14,814,618   

Eldorado Gold Corp. (b)

    988,100        15,058,644   

First Quantum Minerals, Ltd. (CAD) (b)

    1,090,900        23,247,233   

Freeport-McMoRan Copper & Gold, Inc.

    333,700        13,207,846   

Goldcorp, Inc.

    423,500        19,417,475   

IAMGOLD Corp.

    1,277,000        20,189,370   

Kinross Gold Corp.

    1,048,604        10,706,247   

New Gold, Inc. (a)

    1,226,300        14,985,386   

Newmont Mining Corp.

    500,500        28,033,005   

Osisko Mining Corp. (CAD) (a) (b)

    1,495,900        14,820,533   

Randgold Resources, Ltd. (ADR)

    170,100        20,922,300   

Rio Tinto plc (ADR) (b)

    458,800        21,453,488   

Steel Dynamics, Inc.

    449,200        5,044,516   

United States Steel Corp. (b)

    362,500        6,912,875   

Xstrata plc (GBP)

    2,130,800        33,066,839   
   

 

 

 
      283,564,201   
   

 

 

 

Oil, Gas & Consumable Fuels—35.7%

   

Afren plc (GBP) (a)

    7,950,589        18,053,288   

Alpha Natural Resources, Inc. (a) (b)

    232,820        1,529,627   

Anadarko Petroleum Corp.

    580,750        40,606,040   

Apache Corp.

    138,000        11,932,860   

Berry Petroleum Co. (b)

    128,324        5,213,804   

Cimarex Energy Co. (b)

    513,400        30,059,570   

Cloud Peak Energy, Inc. (a)

    279,100        5,051,710   

Concho Resources, Inc. (a)

    240,650        22,801,588   

Consol Energy, Inc. (b)

    564,700        16,969,235   

Green Plains Renewable Energy, Inc. (a) (b)

    128,300        751,838   

Gulfport Energy Corp. (a) (b)

    182,900        5,717,454   

HollyFrontier Corp.

    361,100        14,902,597   

Marathon Oil Corp.

    877,600        25,950,632   

Oil, Gas & Consumable Fuels—(Continued)

  

 

Newfield Exploration Co. (a)

    279,100      $ 8,741,412   

Occidental Petroleum Corp.

    346,500        29,819,790   

Ophir Energy plc (GBP) (a)

    651,300        6,407,833   

Peabody Energy Corp.

    215,000        4,792,350   

Pioneer Natural Resources Co. (b)

    298,400        31,152,960   

Plains Exploration & Production Co. (a)

    205,900        7,715,073   

SM Energy Co.

    417,100        22,569,281   

Western Refining, Inc. (a) (b)

    522,500        13,679,050   

Whiting Petroleum Corp. (a)

    558,300        26,452,254   

Yanzhou Coal Mining Co., Ltd. (HKD) (b)

    2,438,800        3,696,876   
   

 

 

 
      354,567,122   
   

 

 

 

Paper & Forest Products—1.4%

   

Louisiana-Pacific Corp. (a) (b)

    1,116,500        13,956,250   
   

 

 

 

Total Common Stock
(Identified Cost $950,303,502)

      927,522,132   
   

 

 

 
Mutual Funds—1.3%                

Exchange Traded Funds—1.3%

   

SPDR Gold Trust (a) (b)

    73,800        12,695,076   
   

 

 

 

Total Mutual Funds
(Identified Cost $10,746,648)

      12,695,076   
   

 

 

 
Warrants—0.0%                

Metals & Mining—0.0%

   

Kinross Gold Corp. (CAD) (a)

    29,480        20,991   
   

 

 

 

Total Warrants
(Identified Cost $140,490)

      20,991   
   

 

 

 
Short Term Investments—20.6%   

Mutual Funds—20.6%

   

AIM STIT-STIC Prime Portfolio

    48,635,979        48,635,979   

State Street Navigator Securities Lending Prime Portfolio (c)

    156,135,126        156,135,126   
   

 

 

 

Total Short Term Investments
(Identified Cost $204,771,105)

      204,771,105   
   

 

 

 

Total Investments—115.2%
(Identified Cost $1,165,961,745) (d)

      1,145,009,304   

Liabilities in excess of other assets

      (151,119,496
   

 

 

 
Net Assets—100.0%     $ 993,889,808   
   

 

 

 

 

(a) Non-Income Producing.
(b) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $164,290,832 and the collateral received consisted of cash in the amount of $156,135,126 and non-cash collateral with a value of $14,365,258. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.

 

MSF-200


Table of Contents

Metropolitan Series Fund

 

Van Eck Global Natural Resources Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2012, the aggregate cost of investments was $1,165,961,745. The aggregate unrealized appreciation and depreciation of investments was $72,595,651 and $(93,548,092), respectively, resulting in net unrealized depreciation of $(20,952,441).
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(CAD)— Canadian Dollar
(GBP)— British Pound
(HKD)— Hong Kong Dollar
(NOK)— Norwegian Krone

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stock            

Chemicals

   $ 10,536,869       $ —         $ —         $ 10,536,869   

Construction & Engineering

     5,057,793         —           —           5,057,793   

Energy Equipment & Services

     226,838,782         22,350,860         —           249,189,642   

Machinery

     10,650,255         —           —           10,650,255   

Metals & Mining

     230,709,254         52,854,947         —           283,564,201   

Oil, Gas & Consumable Fuels

     326,409,125         28,157,997         —           354,567,122   

Paper & Forest Products

     13,956,250         —           —           13,956,250   

Total Common Stock

     824,158,328         103,363,804         —           927,522,132   

Total Mutual Funds*

     12,695,076         —           —           12,695,076   

Total Warrants*

     20,991         —           —           20,991   

Total Short Term Investments*

     204,771,105         —           —           204,771,105   

Total Investments

   $ 1,041,645,500       $ 103,363,804       $ —         $ 1,145,009,304   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-201


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—43.7% of Net Assets

 

Security Description   Par
Amount
    Value  
   

Aerospace & Defense—0.4%

   

Raytheon Co.
3.125%, 10/15/20

  $ 40,000      $ 42,903   

The Boeing Co.
4.875%, 02/15/20

    1,020,000        1,236,483   

6.000%, 03/15/19

    70,000        87,939   

Triumph Group, Inc.
8.625%, 07/15/18 (a)

    1,300,000        1,465,750   

United Technologies Corp.
3.100%, 06/01/22

    290,000        309,031   

4.500%, 06/01/42

    820,000        919,043   
   

 

 

 
      4,061,149   
   

 

 

 

Airlines—0.7%

   

Continental Airlines, Inc. (144A)
6.750%, 09/15/15

    4,070,000        4,268,413   

Delta Air Lines, Inc.
6.821%, 02/10/24

    986,476        1,090,056   

8.021%, 02/10/24

    789,330        852,476   

Delta Air Lines, Inc. (144A)
9.500%, 09/15/14 (a)

    336,000        352,800   

Northwest Airlines 1999-2 Class A Pass-Through Trust
7.575%, 09/01/20

    25,820        27,756   

UAL 2009-2A Pass-Through Trust
9.750%, 07/15/18

    143,520        164,330   
   

 

 

 
      6,755,831   
   

 

 

 

Automobiles—0.1%

   

Chrysler Group, LLC
8.250%, 06/15/21 (a)

    740,000        788,100   
   

 

 

 

Beverages—0.7%

   

Anheuser-Busch InBev Worldwide, Inc.
2.500%, 07/15/22

    460,000        466,516   

5.000%, 04/15/20

    330,000        398,476   

5.375%, 01/15/20

    2,130,000        2,644,759   

Molson Coors Brewing Co.
3.500%, 05/01/22

    110,000        116,551   

PepsiCo., Inc.
0.700%, 08/13/15

    1,580,000        1,585,461   

7.900%, 11/01/18

    116,000        157,264   

Pernod-Ricard S.A. (144A)
2.950%, 01/15/17 (a)

    420,000        438,186   

4.450%, 01/15/22

    1,630,000        1,797,000   
   

 

 

 
      7,604,213   
   

 

 

 

Building Products—0.4%

   

Building Materials Corp. of America (144A)
6.750%, 05/01/21 (a)

    10,000        10,950   

7.500%, 03/15/20

    3,400,000        3,723,000   
   

 

 

 
      3,733,950   
   

 

 

 

Capital Markets—1.1%

   

Deutsche Telekom International Finance BV
5.750%, 03/23/16 (a)

    1,055,000        1,201,838   

Goldman Sachs Capital II
4.000%, 06/01/43 (b)

    3,880,000        2,922,261   
   

Capital Markets—(Continued)

   

Lehman Brothers Holdings Capital Trust VII
5.857%, 11/29/49 (c)

  $ 3,870,000      $ 387   

Lehman Brothers Holdings E-Capital Trust I
3.589%, 08/19/65 (c)

    1,190,000        119   

Lehman Brothers Holdings, Inc.
6.750%, 12/28/17 (c)

    3,280,000        328   

Merrill Lynch & Co., Inc.
6.875%, 04/25/18

    390,000        467,264   

Morgan Stanley
0.905%, 10/18/16 (b)

    620,000        576,209   

4.750%, 04/01/14 (a)

    240,000        248,446   

4.750%, 03/22/17 (a)

    190,000        203,711   

State Street Corp.
4.956%, 03/15/18

    140,000        154,734   

The Goldman Sachs Group, Inc.
4.750%, 07/15/13

    60,000        61,909   

5.250%, 10/15/13

    360,000        375,726   

5.250%, 07/27/21

    2,310,000        2,546,625   

5.375%, 03/15/20

    240,000        267,832   

5.450%, 11/01/12

    100,000        100,392   

6.000%, 05/01/14

    280,000        300,574   

6.250%, 02/01/41

    370,000        428,078   

7.500%, 02/15/19

    30,000        37,206   

UBS AG
2.250%, 01/28/14

    500,000        507,905   

3.875%, 01/15/15 (a)

    670,000        710,114   

Vesey Street Investment Trust I
4.404%, 09/01/16 (b)

    490,000        524,320   
   

 

 

 
      11,635,978   
   

 

 

 

Chemicals—0.3%

   

Ecolab, Inc.
4.350%, 12/08/21

    330,000        374,376   

LyondellBasell Industries NV
5.000%, 04/15/19

    1,190,000        1,264,375   

5.750%, 04/15/24 (a)

    1,190,000        1,353,625   

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

    60,000        69,516   
   

 

 

 
      3,061,892   
   

 

 

 

Commercial Banks—3.0%

   

Bank of Tokyo-Mitsubishi UFJ, Ltd. (144A)
3.850%, 01/22/15 (a)

    1,110,000        1,174,825   

Barclays Bank plc (144A)
6.050%, 12/04/17

    240,000        258,256   

10.179%, 06/12/21

    100,000        129,913   

BNP Paribas S.A.
2.375%, 09/14/17

    1,300,000        1,305,617   

Commonwealth Bank of Australia
1.250%, 09/18/15 (a)

    1,770,000        1,774,691   

Commonwealth Bank of Australia (144A)
3.750%, 10/15/14

    950,000        1,001,870   

5.000%, 10/15/19 (a)

    410,000        470,491   

Cooperatieve Centrale Raiffeisen-Boerenleenbank
3.375%, 01/19/17 (a)

    1,170,000        1,241,850   

 

MSF-202


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  
   

Commercial Banks—(Continued)

   

Credit Agricole S.A. (144A)
8.375%, 12/31/49 (a) (b)

  $ 1,850,000      $ 1,799,125   

HSBC Finance Capital Trust IX
5.911%, 11/30/35 (b)

    50,000        49,188   

Landsbanki Islands Hf (144A)
6.100%, 08/25/11 (c) (d)

    2,000,000        117,500   

National Australia Bank, Ltd.
1.600%, 08/07/15

    650,000        656,539   

Nordea Bank AB (144A)
3.700%, 11/13/14

    740,000        776,053   

4.875%, 05/13/21 (a)

    1,810,000        1,900,934   

Rabobank Nederland NV (144A)
11.000%, 12/29/49 (b)

    855,000        1,123,256   

Resona Preferred Global Securities, Ltd. (144A) 7.191%, 12/29/49 (a) (b)

    200,000        215,244   

Royal Bank of Scotland Group plc
2.550%, 09/18/15 (a)

    1,230,000        1,244,799   

5.000%, 10/01/14 (a)

    810,000        834,155   

7.640%, 03/31/49 (b)

    400,000        327,000   

7.648%, 08/29/49 (b)

    200,000        194,000   

Royal Bank of Scotland plc
7.250%, 03/10/14 (AUD)

    3,350,000        3,590,971   

Sumitomo Mitsui Banking Corp. (144A)
3.150%, 07/22/15

    200,000        210,386   

Wachovia Corp.
5.250%, 08/01/14

    4,550,000        4,890,681   

Wells Fargo & Co.
2.100%, 05/08/17 (a)

    2,000,000        2,069,170   

3.676%, 06/15/16

    2,770,000        3,015,201   

4.600%, 04/01/21

    200,000        231,020   
   

 

 

 
      30,602,735   
   

 

 

 

Commercial Services & Supplies—1.2%

  

 

International Lease Finance Corp.
5.875%, 05/01/13

    50,000        51,125   

6.250%, 05/15/19 (a)

    2,110,000        2,268,250   

8.250%, 12/15/20 (a)

    2,000,000        2,380,000   

8.750%, 03/15/17

    2,880,000        3,369,600   

International Lease Finance Corp. (144A)
6.500%, 09/01/14

    50,000        53,750   

6.750%, 09/01/16

    250,000        280,938   

Waste Management, Inc.
7.375%, 05/15/29

    340,000        451,320   

West Corp.
8.625%, 10/01/18

    1,300,000        1,365,000   

Wyle Services Corp. (144A)
10.500%, 04/01/18

    1,800,000        1,944,000   
   

 

 

 
      12,163,983   
   

 

 

 

Consumer Finance—1.4%

   

Ally Financial, Inc.
1.750%, 10/30/12

    1,800,000        1,802,216   

American Express Co.
6.800%, 09/01/66 (b)

    3,270,000        3,498,900   

American Express Credit Corp.
5.125%, 08/25/14

    80,000        86,539   
   

Consumer Finance—(Continued)

   

Daimler Finance North America, LLC (144A)
1.300%, 07/31/15

  $ 700,000      $ 702,755   

2.625%, 09/15/16

    1,450,000        1,512,784   

Ford Motor Credit Co., LLC
8.000%, 12/15/16

    1,500,000        1,792,957   

8.125%, 01/15/20

    2,250,000        2,826,830   

SLM Corp.
3.875%, 09/10/15

    1,140,000        1,174,818   

5.000%, 04/15/15 (a)

    60,000        63,377   

5.050%, 11/14/14

    360,000        379,984   

5.625%, 08/01/33

    290,000        273,760   

8.000%, 03/25/20

    210,000        242,550   
   

 

 

 
      14,357,470   
   

 

 

 

Containers & Packaging—0.5%

   

Ardagh Packaging Finance plc (144A)
9.125%, 10/15/20 (a)

    2,000,000        2,120,000   

Ball Corp.
5.750%, 05/15/21

    930,000        1,002,075   

6.750%, 09/15/20

    600,000        660,000   

Reynolds Group Issuer, Inc.
6.875%, 02/15/21 (b)

    480,000        506,400   

7.125%, 04/15/19

    400,000        422,000   

Rock-Tenn Co. (144A)
3.500%, 03/01/20

    430,000        438,220   

4.000%, 03/01/23

    500,000        508,080   
   

 

 

 
      5,656,775   
   

 

 

 

Diversified Consumer Services—0.1%

  

Service Corp. International
7.500%, 04/01/27

    350,000        371,000   

7.625%, 10/01/18 (a)

    125,000        148,125   
   

 

 

 
      519,125   
   

 

 

 

Diversified Financial Services—8.5%

   

American Honda Finance Corp. (144A)
1.000%, 08/11/15 (a)

    1,480,000        1,482,997   

Anadarko Finance Co.
7.500%, 05/01/31 (a)

    100,000        133,895   

ANZ National, Ltd. (144A)
1.850%, 10/15/15

    690,000        697,773   

Bank of America Corp.
3.875%, 03/22/17 (a)

    390,000        419,694   

4.500%, 04/01/15

    1,850,000        1,981,713   

5.000%, 05/13/21

    1,010,000        1,110,173   

5.420%, 03/15/17

    2,830,000        3,059,083   

5.750%, 12/01/17

    160,000        184,089   

6.500%, 08/01/16

    2,960,000        3,423,270   

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

    930,000        1,011,799   

BHP Billiton Finance USA, Ltd.
3.250%, 11/21/21

    1,070,000        1,134,518   

6.500%, 04/01/19

    1,350,000        1,718,547   

Boeing Capital Corp.
4.700%, 10/27/19

    570,000        676,434   

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

    1,460,000        1,544,940   

 

MSF-203


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  
   

Diversified Financial Services—(Continued)

  

 

BP Capital Markets plc
3.561%, 11/01/21

  $ 140,000      $ 151,439   

5.250%, 11/07/13

    1,500,000        1,577,662   

Citigroup, Inc.
3.953%, 06/15/16

    1,130,000        1,209,055   

5.000%, 09/15/14

    1,600,000        1,687,552   

5.125%, 05/05/14

    25,000        26,417   

5.500%, 10/15/14

    230,000        248,018   

6.000%, 12/13/13

    130,000        137,873   

6.000%, 08/15/17

    1,060,000        1,234,679   

6.010%, 01/15/15

    1,910,000        2,093,213   

6.375%, 08/12/14

    340,000        369,994   

6.875%, 03/05/38

    1,130,000        1,485,032   

Diageo Capital plc
4.828%, 07/15/20 (a)

    1,330,000        1,567,587   

Diageo Finance BV
3.250%, 01/15/15

    80,000        84,523   

Diageo Investment Corp.
2.875%, 05/11/22

    1,120,000        1,167,632   

Fresenius Medical Care U.S. Finance, Inc.
6.875%, 07/15/17

    830,000        954,500   

General Electric Capital Corp.
1.625%, 07/02/15

    570,000        579,970   

4.375%, 09/16/20

    90,000        99,252   

4.625%, 01/07/21 (a)

    80,000        89,341   

5.300%, 02/11/21 (a)

    30,000        34,427   

5.875%, 01/14/38

    980,000        1,167,828   

6.375%, 11/15/67 (b)

    4,530,000        4,780,056   

6.875%, 01/10/39

    2,900,000        3,874,704   

GlaxoSmithKline Capital plc
2.850%, 05/08/22

    1,230,000        1,277,501   

Hyundai Capital America (144A)
2.125%, 10/02/17

    400,000        400,056   

ILFC E-Capital Trust II (144A)
6.250%, 12/21/65 (b)

    330,000        260,700   

Inmarsat Finance plc (144A)
7.375%, 12/01/17

    760,000        820,800   

John Deere Capital Corp.
2.250%, 04/17/19

    520,000        541,628   

JPMorgan Chase & Co.

   

4.250%, 10/15/20

    50,000        54,630   

4.350%, 08/15/21 (a)

    200,000        220,436   

4.500%, 01/24/22

    370,000        410,422   

5.125%, 09/15/14

    3,290,000        3,530,190   

5.150%, 10/01/15 (a)

    2,590,000        2,865,162   

6.125%, 06/27/17

    200,000        235,471   

MarkWest Energy Finance Corp.
6.500%, 08/15/21 (a)

    1,400,000        1,501,500   

Nielsen Finance, LLC
7.750%, 10/15/18

    3,690,000        4,160,475   

Petrobras International Finance Co.
3.875%, 01/27/16

    750,000        793,357   

5.375%, 01/27/21

    3,320,000        3,740,880   

5.750%, 01/20/20

    513,000        584,716   

6.125%, 10/06/16

    586,000        663,861   

Reed Elsevier Capital, Inc.
8.625%, 01/15/19

    800,000        1,027,465   
   

Diversified Financial Services—(Continued)

  

 

Regency Energy Finance Corp.
6.500%, 07/15/21

  $ 4,580,000      $ 4,900,600   

Rio Tinto Finance USA, Ltd.
1.875%, 11/02/15

    10,000        10,275   

2.500%, 05/20/16 (a)

    270,000        281,934   

3.500%, 11/02/20

    130,000        137,145   

3.750%, 09/20/21

    460,000        490,029   

4.125%, 05/20/21 (a)

    330,000        364,989   

6.500%, 07/15/18

    610,000        759,877   

9.000%, 05/01/19

    1,070,000        1,463,122   

Santander U.S. Debt S.A. Unipersonal (144A)
3.724%, 01/20/15

    100,000        99,250   

Shell International Finance BV
4.375%, 03/25/20

    400,000        468,494   

6.375%, 12/15/38

    480,000        691,296   

Sprint Capital Corp.
6.875%, 11/15/28

    6,650,000        6,118,000   

8.750%, 03/15/32

    2,520,000        2,608,200   

Teva Pharmaceutical Finance Co. BV
3.650%, 11/10/21 (a)

    120,000        130,082   

Teva Pharmaceutical Finance IV BV
3.650%, 11/10/21

    190,000        205,963   

UPCB Finance III, Ltd. (144A)
6.625%, 07/01/20 (a)

    700,000        733,250   

VIP Finance Ireland, Ltd. (144A)
8.375%, 04/30/13

    160,000        165,278   

Virgin Media Secured Finance plc
6.500%, 01/15/18

    620,000        678,900   

Wells Fargo Capital X
5.950%, 12/01/86

    1,090,000        1,106,350   

WPP Finance U.K.
8.000%, 09/15/14

    330,000        370,453   
   

 

 

 
      88,072,416   
   

 

 

 

Diversified Telecommunication Services—1.9%

  

AT&T, Inc.
3.875%, 08/15/21

    500,000        565,958   

5.500%, 02/01/18

    3,200,000        3,881,872   

5.550%, 08/15/41

    80,000        99,584   

5.600%, 05/15/18 (a)

    80,000        98,029   

6.550%, 02/15/39

    200,000        271,098   

Cogent Communications Group, Inc. (144A)
8.375%, 02/15/18

    1,250,000        1,356,250   

Hughes Satellite Systems Corp.
7.625%, 06/15/21

    1,500,000        1,661,250   

Intelsat Jackson Holdings S.A.
7.250%, 10/15/20 (a)

    3,330,000        3,588,075   

7.500%, 04/01/21

    2,673,000        2,893,523   

Telefonica Emisiones S.A.U.
5.134%, 04/27/20 (a)

    240,000        235,500   

5.462%, 02/16/21 (a)

    120,000        117,600   

5.877%, 07/15/19 (a)

    260,000        261,300   

6.221%, 07/03/17

    60,000        62,700   

6.421%, 06/20/16 (a)

    80,000        84,500   

UPC Holding BV (144A)
9.875%, 04/15/18

    395,000        434,500   

 

MSF-204


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  
   

Diversified Telecommunication Services—(Continued)

  

Verizon Communications, Inc.
6.100%, 04/15/18

  $ 900,000      $ 1,124,898   

6.350%, 04/01/19 (a)

    790,000        1,012,899   

8.950%, 03/01/39 (a)

    130,000        226,534   

Windstream Corp.
7.500%, 04/01/23

    2,000,000        2,090,000   
   

 

 

 
      20,066,070   
   

 

 

 

Electric Utilities—1.6%

   

Calpine Corp. (144A)
7.875%, 07/31/20 (a)

    2,465,000        2,693,012   

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

    1,700,000        2,079,768   

5.625%, 11/30/12

    80,000        80,660   

Energy Future Intermediate Co., LLC
10.000%, 12/01/20 (b)

    5,096,000        5,733,000   

Exelon Corp.
5.625%, 06/15/35

    675,000        770,130   

FirstEnergy Corp.
7.375%, 11/15/31

    2,650,000        3,471,145   

Pacific Gas & Electric Co.
6.050%, 03/01/34

    970,000        1,274,866   

8.250%, 10/15/18 (a)

    360,000        494,369   
   

 

 

 
      16,596,950   
   

 

 

 

Energy Equipment & Services—0.9%

  

Baker Hughes, Inc.
3.200%, 08/15/21

    1,060,000        1,152,603   

Cie Generale de Geophysique-Veritas
6.500%, 06/01/21 (a)

    2,840,000        2,925,200   

7.750%, 05/15/17

    555,000        577,200   

Hercules Offshore, Inc. (144A)
10.500%, 10/15/17

    795,000        837,731   

Key Energy Services, Inc.
6.750%, 03/01/21 (a)

    1,300,000        1,319,500   

Offshore Group Investment, Ltd.
11.500%, 08/01/15 (a)

    1,500,000        1,657,500   

SESI, LLC
7.125%, 12/15/21

    1,050,000        1,160,250   
   

 

 

 
      9,629,984   
   

 

 

 

Food & Staples Retailing—0.3%

  

CVS Caremark Corp.
6.600%, 03/15/19 (a)

    710,000        907,347   

CVS Pass-Through Trust
6.943%, 01/10/30

    1,171,030        1,426,502   

Safeway, Inc.
4.750%, 12/01/21 (a)

    930,000        948,155   
   

 

 

 
      3,282,004   
   

 

 

 

Food Products—0.4%

  

Kraft Foods Group, Inc. (144A)
3.500%, 06/06/22

    1,190,000        1,257,343   

5.375%, 02/10/20

    1,026,000        1,219,403   

Kraft Foods, Inc.
5.375%, 02/10/20

    934,000        1,126,746   
   

 

 

 
      3,603,492   
   

 

 

 
   

Gas Utilities—0.0%

  

Southern Natural Gas Co.
8.000%, 03/01/32

  $ 25,000      $ 35,363   

Southern Natural Gas Co. (144A)
5.900%, 04/01/17

    20,000        23,467   
   

 

 

 
      58,830   
   

 

 

 

Health Care Equipment & Supplies—0.1%

  

Medtronic, Inc.
3.125%, 03/15/22 (a)

    80,000        85,192   

4.450%, 03/15/20

    620,000        720,595   
   

 

 

 
      805,787   
   

 

 

 

Health Care Providers & Services—2.1%

  

Aristotle Holding, Inc. (144A)
3.500%, 11/15/16

    3,040,000        3,286,617   

HCA, Inc.
5.750%, 03/15/14

    90,000        94,500   

6.250%, 02/15/13

    1,201,000        1,217,514   

6.375%, 01/15/15

    1,500,000        1,616,250   

Humana, Inc.
7.200%, 06/15/18

    540,000        654,452   

Tenet Healthcare Corp.
8.875%, 07/01/19

    8,468,000        9,568,840   

UnitedHealth Group, Inc.
5.700%, 10/15/40

    10,000        12,126   

5.800%, 03/15/36

    20,000        24,183   

6.000%, 02/15/18

    1,570,000        1,928,224   

Vanguard Health Holding Co. II, LLC
8.000%, 02/01/18 (a)

    1,080,000        1,152,900   

WellPoint, Inc.
1.250%, 09/10/15

    350,000        352,444   

3.125%, 05/15/22

    880,000        878,383   

3.700%, 08/15/21

    440,000        460,270   

5.875%, 06/15/17

    150,000        178,453   

7.000%, 02/15/19

    650,000        810,866   
   

 

 

 
      22,236,022   
   

 

 

 

Hotels, Restaurants & Leisure—1.1%

  

Caesars Entertainment Operating Co., Inc.
11.250%, 06/01/17

    1,135,000        1,220,125   

CityCenter Holdings, LLC
7.625%, 01/15/16 (a)

    380,000        405,650   

El Pollo Loco, Inc. (144A)
17.000%, 01/01/18 (b)

    1,786,285        1,857,736   

Harrah’s Operating Co., Inc.
10.750%, 02/01/16

    1,570,000        1,252,075   

9.000%, 03/15/20

    1,040,000        1,160,900   

10.375%, 05/15/14

    575,000        646,875   

11.125%, 11/15/17

    1,380,000        1,526,625   

Mohegan Tribal Gaming Authority (144A)
11.500%, 11/01/17 (a)

    870,000        917,850   

NCL Corp., Ltd.
9.500%, 11/15/18

    1,770,000        1,960,275   

11.750%, 11/15/16

    400,000        461,000   

Station Casinos, Inc.
6.500%, 02/01/14 (c) (d)

    175,000        0   
   

 

 

 
      11,409,111   
   

 

 

 

 

MSF-205


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  
   

Household Durables—0.0%

   

NVR, Inc.
3.950%, 09/15/22

  $ 320,000      $ 328,127   
   

 

 

 

Independent Power Producers & Energy Traders—0.7%

  

Calpine Construction Finance Co. (144A)
8.000%, 06/01/16

    1,050,000        1,128,750   

Dynegy-Roseton/Danskammer
Pass-Through Trust
7.670%, 11/08/16

    500,000        310,000   

Mirant Mid Atlantic Pass-Through Trust
10.060%, 12/30/28

    5,056,588        5,638,096   

The AES Corp.
7.750%, 10/15/15

    520,000        587,600   
   

 

 

 
      7,664,446   
   

 

 

 

Insurance—0.5%

   

American International Group, Inc.
5.850%, 01/16/18

    390,000        452,374   

6.250%, 03/15/87

    1,010,000        1,020,100   

6.400%, 12/15/20

    460,000        560,322   

8.250%, 08/15/18

    820,000        1,054,446   

Berkshire Hathaway, Inc.
3.200%, 02/11/15

    850,000        901,652   

Teachers Insurance & Annuity Association of America (144A)
6.850%, 12/16/39

    1,180,000        1,620,355   
   

 

 

 
      5,609,249   
   

 

 

 

IT Services—0.4%

   

First Data Corp.
9.875%, 09/24/15 (a)

    1,000,000        1,020,000   

First Data Corp. (144A)
6.750%, 11/01/20

    350,000        347,813   

7.375%, 06/15/19

    2,210,000        2,279,062   
   

 

 

 
      3,646,875   
   

 

 

 

Life Sciences Tools & Services—0.0%

   

Thermo Fisher Scientific, Inc.
3.600%, 08/15/21 (a)

    370,000        395,900   
   

 

 

 

Machinery—0.2%

   

Dematic S.A. (144A)
8.750%, 05/01/16

    1,950,000        2,086,500   
   

 

 

 

Marine—0.2%

   

CMA CGM S.A. (144A)
8.500%, 04/15/17 (a)

    1,500,000        1,042,500   

Navios Maritime Acquisition Corp.
8.625%, 11/01/17

    986,000        939,165   
   

 

 

 
      1,981,665   
   

 

 

 

Media—2.7%

   

CCO Holdings, LLC
6.500%, 04/30/21 (a)

    3,550,000        3,798,500   

7.000%, 01/15/19

    90,000        97,425   
   

Media—(Continued)

   

Comcast Cable Communications Holdings, Inc.
8.375%, 03/15/13

  $ 50,000      $ 51,777   

9.455%, 11/15/22

    380,000        567,354   

Comcast Cable Communications, LLC
8.875%, 05/01/17

    700,000        917,682   

Comcast Corp.
5.650%, 06/15/35

    10,000        11,709   

5.700%, 05/15/18

    1,000,000        1,216,261   

5.875%, 02/15/18

    190,000        231,150   

6.500%, 01/15/15

    850,000        957,364   

DISH DBS Corp.
6.625%, 10/01/14

    90,000        97,650   

6.750%, 06/01/21

    1,875,000        2,043,750   

7.125%, 02/01/16

    2,345,000        2,591,225   

7.750%, 05/31/15

    50,000        56,250   

7.875%, 09/01/19

    3,985,000        4,632,562   

News America, Inc.
6.200%, 12/15/34

    20,000        24,087   

6.650%, 11/15/37

    110,000        139,584   

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

    1,780,000        1,962,598   

4.125%, 02/15/21

    10,000        11,055   

5.500%, 09/01/41 (a) (b)

    560,000        633,688   

6.750%, 06/15/39 (a)

    550,000        716,812   

8.250%, 04/01/19

    1,540,000        2,067,022   

8.750%, 02/14/19

    210,000        285,923   

Time Warner, Inc.
6.250%, 03/29/41

    100,000        126,689   

7.625%, 04/15/31

    140,000        195,568   

United Business Media, Ltd. (144A)
5.750%, 11/03/20

    50,000        52,341   

Unitymedia Hessen GmbH & Co. KG (144A)
8.125%, 12/01/17

    500,000        537,500   

Univision Communications, Inc. (144A)
6.875%, 05/15/19

    1,000,000        1,030,000   

7.875%, 11/01/20

    2,700,000        2,889,000   
   

 

 

 
      27,942,526   
   

 

 

 

Metals & Mining—1.6%

  

Arch Coal, Inc.
7.000%, 06/15/19 (a)

    1,130,000        949,200   

Barrick Gold Corp.
3.850%, 04/01/22

    460,000        482,891   

6.950%, 04/01/19 (a)

    680,000        842,548   

Cliffs Natural Resources, Inc.
4.875%, 04/01/21 (a)

    140,000        137,029   

FMG Resources August 2006 Pty, Ltd. (144A)
6.375%, 02/01/16 (a)

    150,000        145,875   

Freeport-McMoRan Copper & Gold., Inc.
3.550%, 03/01/22

    1,785,000        1,786,803   

Midwest Vanadium Pty, Ltd. (144A)
11.500%, 02/15/18 (a)

    4,700,000        2,867,000   

Novelis, Inc.
8.750%, 12/15/20

    270,000        299,025   

Steel Dynamics, Inc.
6.750%, 04/01/15

    65,000        65,975   

7.625%, 03/15/20 (a)

    3,210,000        3,482,850   

 

MSF-206


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  
   

Metals & Mining—(Continued)

  

Vale Overseas, Ltd.
4.375%, 01/11/22

  $ 2,617,000      $ 2,750,888   

6.875%, 11/21/36

    1,770,000        2,049,444   

8.250%, 01/17/34 (a)

    160,000        207,178   

Vedanta Resources plc (144A)
8.750%, 01/15/14 (a)

    780,000        813,150   
   

 

 

 
      16,879,856   
   

 

 

 

Multi-Utilities—0.0%

  

Dominion Resources, Inc.
8.875%, 01/15/19

    90,000        122,619   
   

 

 

 

Oil, Gas & Consumable Fuels—7.0%

  

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

    850,000        1,024,775   

Apache Corp.
3.250%, 04/15/22 (a)

    1,950,000        2,096,143   

4.750%, 04/15/43

    60,000        68,559   

5.100%, 09/01/40

    80,000        95,991   

Chesapeake Energy Corp.
6.500%, 08/15/17 (a)

    450,000        469,125   

6.775%, 03/15/19 (a)

    2,400,000        2,406,000   

7.250%, 12/15/18

    140,000        150,500   

9.500%, 02/15/15 (a)

    1,020,000        1,123,275   

Concho Resources, Inc.
5.500%, 10/01/22

    220,000        229,350   

6.500%, 01/15/22

    2,800,000        3,087,000   

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

    1,015,000        1,436,506   

Consol Energy, Inc.
8.250%, 04/01/20 (a)

    2,230,000        2,335,925   

Continental Resources, Inc.
7.125%, 04/01/21

    3,690,000        4,151,250   

Devon Energy Corp.
3.250%, 05/15/22

    450,000        468,204   

5.600%, 07/15/41

    1,580,000        1,874,607   

El Paso Corp.
7.375%, 12/15/12

    123,000        124,349   

7.800%, 08/01/31

    67,000        77,851   

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

    330,000        475,634   

Energy Transfer Partners, L.P.
9.000%, 04/15/19

    1,320,000        1,701,678   

Enterprise Products Operating, LLC
4.050%, 02/15/22

    40,000        43,724   

5.250%, 01/31/20 (b)

    20,000        23,431   

5.700%, 02/15/42

    1,560,000        1,802,589   

5.950%, 02/01/41

    200,000        236,585   

6.125%, 10/15/39

    80,000        96,148   

9.750%, 01/31/14

    1,820,000        2,027,238   

EXCO Resources, Inc.
7.500%, 09/15/18 (a)

    1,000,000        935,000   

Hess Corp.
7.300%, 08/15/31

    950,000        1,271,690   

7.875%, 10/01/29

    250,000        345,960   

8.125%, 02/15/19

    110,000        145,542   

Kerr-McGee Corp.

   

6.950%, 07/01/24

    620,000        800,376   

7.875%, 09/15/31

    1,395,000        1,872,853   
   

Oil, Gas & Consumable Fuels—(Continued)

  

Kinder Morgan Energy Partners, L.P.

   

6.000%, 02/01/17

  $ 1,420,000      $ 1,667,718   

MarkWest Energy Partners, L.P.

   

5.500%, 02/15/23 (a)

    2,320,000        2,430,200   

Noble Energy, Inc.

   

4.150%, 12/15/21

    1,120,000        1,209,744   

8.250%, 03/01/19

    560,000        725,094   

Occidental Petroleum Corp.

   

2.700%, 02/15/23

    1,080,000        1,110,186   

3.125%, 02/15/22

    900,000        967,891   

Overseas Shipholding Group, Inc.

   

7.500%, 02/15/24

    340,000        190,400   

Parker Drilling Co.

   

9.125%, 04/01/18

    2,000,000        2,155,000   

Peabody Energy Corp.

   

6.500%, 09/15/20 (a)

    1,990,000        2,034,775   

Pemex Project Funding Master Trust

   

6.625%, 06/15/35

    3,035,000        3,808,925   

Petroleos Mexicanos

   

5.500%, 01/21/21

    1,120,000        1,313,200   

Plains Exploration & Production Co.

   

8.625%, 10/15/19

    205,000        228,575   

QEP Resources, Inc.

   

6.875%, 03/01/21

    2,130,000        2,406,900   

Quicksilver Resources, Inc.

   

11.750%, 01/01/16

    1,030,000        1,040,300   

Range Resources Corp.

   

5.000%, 08/15/22

    870,000        917,850   

5.750%, 06/01/21

    570,000        612,750   

8.000%, 05/15/19

    2,830,000        3,141,300   

Sandridge Energy, Inc. (144A)

   

7.500%, 02/15/23

    1,820,000        1,874,600   

Sinopec Group Overseas Development 2012, Ltd. (144A)

   

2.750%, 05/17/17

    690,000        715,455   

Teekay Corp.

   

8.500%, 01/15/20 (a)

    1,560,000        1,638,000   

Valero Energy Corp.

   

4.750%, 06/15/13

    50,000        51,290   

Williams Cos., Inc.

   

7.500%, 01/15/31

    45,000        56,398   

7.750%, 06/15/31

    14,000        17,907   

7.875%, 09/01/21

    756,000        991,217   

8.750%, 03/15/32

    435,000        603,461   

WPX Energy, Inc.

   

6.000%, 01/15/22

    6,810,000        7,320,750   
   

 

 

 
      72,227,744   
   

 

 

 

Paper & Forest Products—0.5%

  

Appleton Papers, Inc.

   

11.250%, 12/15/15

    3,000,000        3,000,000   

Celulosa Arauco y Constitucion S.A.

   

4.750%, 01/11/22

    690,000        720,510   

NewPage Corp.

   

11.375%, 12/31/14 (a)

    1,325,000        834,750   

Verso Paper Holdings, LLC

   

8.750%, 02/01/19 (a)

    800,000        384,000   
   

 

 

 
      4,939,260   
   

 

 

 

 

MSF-207


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Corporate Bonds & Notes—(Continued)

 

Security Description   Par
Amount
    Value  
   

Pharmaceuticals—0.3%

  

Abbott Laboratories

   

5.125%, 04/01/19

  $ 60,000      $ 72,270   

Pfizer, Inc.

   

6.200%, 03/15/19

    690,000        879,061   

Roche Holdings, Inc. (144A)

   

6.000%, 03/01/19

    820,000        1,029,503   

Watson Pharmaceuticals, Inc.

   

1.875%, 10/01/17

    470,000        475,231   

Wyeth

   

5.500%, 03/15/13 (b)

    50,000        51,186   

5.950%, 04/01/37

    500,000        677,620   
   

 

 

 
      3,184,871   
   

 

 

 

Professional Services—0.1%

  

Altegrity, Inc. (144A)

   

11.750%, 05/01/16

    1,440,000        1,195,200   
   

 

 

 

Real Estate Management & Development—0.2%

  

Realogy Corp. (144A)

   

11.000%, 04/15/18

    2,000,000        1,920,000   
   

 

 

 

Road & Rail—0.9%

  

Florida East Coast Railway Corp.

   

8.125%, 02/01/17

    2,000,000        2,105,000   

Kansas City Southern de Mexico S.A. de C.V.
6.125%, 06/15/21 (a)

    4,390,000        4,927,775   

12.500%, 04/01/16 (a)

    1,603,000        1,783,337   
   

 

 

 
      8,816,112   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.0%

  

 

National Semiconductor Corp.
6.600%, 06/15/17

    160,000        200,181   
   

 

 

 

Specialty Retail—0.0%

   

Limited Brands, Inc.
6.950%, 03/01/33 (a)

    60,000        59,400   
   

 

 

 

Tobacco—1.1%

   

Alliance One International, Inc.
10.000%, 07/15/16

    3,850,000        3,984,750   

Altria Group, Inc.
2.850%, 08/09/22

    1,220,000        1,217,166   

4.750%, 05/05/21 (a)

    1,710,000        1,956,358   

8.500%, 11/10/13

    840,000        911,546   

Philip Morris International, Inc.
2.500%, 08/22/22

    730,000        731,454   

2.900%, 11/15/21

    1,240,000        1,291,821   

4.500%, 03/20/42

    760,000        837,177   

Reynolds American, Inc.
6.750%, 06/15/17

    575,000        695,996   
   

 

 

 
      11,626,268   
   

 

 

 

Wireless Telecommunication Services—0.3%

  

America Movil S.A.B. de C.V.
5.000%, 03/30/20

    730,000        854,685   

5.625%, 11/15/17 (a)

    540,000        647,772   
   

Wireless Telecommunication Services—(Continued)

  

Cricket Communications, Inc.
7.750%, 05/15/16

  $ 645,000      $ 680,475   

Rogers Communications, Inc.
6.800%, 08/15/18 (a)

    480,000        606,562   
   

 

 

 
      2,789,494   
   

 

 

 

Yankee—0.2%

   

BBVA U.S. Senior SAU
3.250%, 05/16/14

    1,710,000        1,696,867   

Smurfit Kappa Treasury Funding, Ltd.
7.500%, 11/20/25

    275,000        279,813   
   

 

 

 
      1,976,680   
   

 

 

 

Total Corporate Bonds & Notes
(Identified Cost $435,460,380)

      452,294,840   
   

 

 

 
U.S. Treasury & Government Agencies—34.8%   

Agency Sponsored Mortgage-Backed—24.5%

  

 

Fannie Mae 15 Yr.
2.500%, TBA

    3,400,000        3,568,813   

3.000%, TBA

    21,500,000        22,790,000   

Fannie Mae 15 Yr. Pool
6.500%, 09/01/16

    14,909        16,012   

6.500%, 01/01/17

    13,083        14,050   

Fannie Mae 20 Yr. Pool
4.500%, 04/01/31

    476,029        518,527   

4.500%, 05/01/31

    1,340,669        1,460,356   

4.500%, 06/01/31

    470,875        515,266   

8.500%, 08/01/19

    29,255        33,483   

Fannie Mae 30 Yr.
2.500%, TBA

    6,400,000        6,571,901   

3.000%, TBA

    11,900,000        12,530,328   

3.500%, TBA

    11,500,000        12,333,750   

4.500%, TBA

    9,100,000        9,849,329   

Fannie Mae 30 Yr. Pool
4.000%, 09/01/41

    12,889,298        13,908,310   

4.000%, 10/01/41

    781,740        843,563   

4.000%, 11/01/41

    978,657        1,056,054   

4.000%, 06/01/42

    2,882,963        3,131,683   

4.500%, 10/01/41

    6,084,944        6,610,890   

5.000%, 01/01/39

    51,528        57,619   

5.000%, 08/01/39

    123,996        138,654   

5.000%, 11/01/39

    23,783        26,594   

5.000%, 12/01/39

    68,625        76,738   

5.000%, 05/01/40

    320,969        358,912   

5.000%, 07/01/40

    122,245        136,696   

5.000%, 11/01/40

    3,252,464        3,636,952   

5.000%, 01/01/41

    79,408        88,795   

5.000%, 02/01/41

    175,850        196,638   

5.000%, 04/01/41

    346,413        387,363   

5.000%, 05/01/41

    6,867,367        7,679,186   

5.000%, 06/01/41

    551,473        616,665   

5.500%, 12/01/16

    21,427        23,240   

5.500%, 11/01/36

    93,280        102,409   

6.000%, 03/01/32

    8,686        9,809   

6.000%, 04/01/32

    180,963        204,815   

6.500%, 03/01/16

    1,094        1,175   

 

MSF-208


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—(Continued)

  

 

Fannie Mae 30 Yr. Pool
6.500%, 12/01/16

  $ 17,219      $ 18,492   

6.500%, 08/01/31

    1,494        1,737   

6.500%, 10/01/31

    2,260        2,628   

6.500%, 03/01/32

    28,172        32,579   

6.500%, 11/01/34

    12,992        14,864   

6.500%, 02/01/36

    6,195        7,054   

6.500%, 04/01/36

    143,809        163,765   

6.500%, 11/01/36

    147,375        167,827   

6.500%, 06/01/37

    157,186        177,806   

6.500%, 10/01/39

    8,445,895        9,624,124   

7.000%, 05/01/26

    2,084        2,480   

7.000%, 07/01/30

    319        383   

7.000%, 12/01/30

    409        491   

7.000%, 01/01/31

    519        623   

7.000%, 07/01/31

    2,918        3,500   

7.000%, 09/01/31

    14,393        17,262   

7.000%, 10/01/31

    5,478        6,570   

7.000%, 11/01/31

    4,132        4,956   

7.000%, 01/01/32

    14,224        17,038   

7.000%, 02/01/32

    8,060        9,655   

7.000%, 04/01/32

    43,615        52,243   

7.500%, 12/01/29

    567        585   

7.500%, 02/01/30

    874        946   

7.500%, 06/01/30

    1,053        1,104   

7.500%, 08/01/30

    103        107   

7.500%, 09/01/30

    1,813        2,218   

7.500%, 11/01/30

    11,941        12,966   

7.500%, 02/01/31

    6,788        7,243   

7.500%, 07/01/31

    32,014        35,352   

8.000%, 08/01/27

    2,360        2,840   

8.000%, 07/01/30

    1,731        2,150   

8.000%, 09/01/30

    880        1,000   

8.000%, 01/01/31

    79,359        98,745   

Fannie Mae Pool
3.500%, 08/01/42

    1,896,116        2,054,704   

3.500%, 09/01/42

    1,198,269        1,296,845   

Fannie Mae REMICS

   

0.567%, 05/25/34 (b)

    530,500        531,923   

6.284%, 10/25/40 (b) (e)

    1,948,223        289,842   

6.314%, 12/25/40 (b) (e)

    4,557,034        673,150   

6.314%, 01/25/41 (b) (e)

    4,834,145        853,762   

6.334%, 10/25/41 (b) (e)

    5,874,348        1,132,920   

6.384%, 04/25/42 (b) (e)

    3,481,417        676,596   

6.434%, 03/25/42 (b)

    400,000        363,698   

6.434%, 03/25/42 (b) (e)

    2,300,000        448,873   

6.464%, 07/25/41 (b) (e)

    1,701,659        275,859   

9.750%, 11/25/18

    981,340        1,139,896   

9.750%, 08/25/19

    333,180        381,987   

10.400%, 04/25/19

    520        562   

FHLMC Multifamily Structured Pass-Through Certificates
1.219%, 01/25/20 (b) (e)

    214,542        12,985   

1.403%, 04/25/20 (b) (e)

    516,658        35,276   

1.416%, 06/25/21 (b) (e)

    14,432,368        1,236,464   

1.447%, 04/25/21 (b) (e)

    4,689,021        396,208   

1.606%, 12/25/21 (b) (e)

    2,330,209        232,846   

1.676%, 08/25/20 (b) (e)

    303,909        25,679   
   

Agency Sponsored Mortgage-Backed—(Continued)

  

 

FHLMC Multifamily Structured Pass-Through Certificates

   

1.725%, 02/25/18 (b) (e)

  $ 15,543,138      $ 1,097,190   

1.740%, 10/25/21 (b) (e)

    6,454,446        707,272   

1.834%, 06/25/20 (b) (e)

    764,830        73,065   

1.844%, 07/25/21 (b) (e)

    4,404,354        499,150   

2.094%, 05/25/18 (b) (e)

    6,660,188        662,289   

Freddie Mac 15 Yr.

   

2.500%, TBA

    11,100,000        11,656,734   

Freddie Mac 15 Yr. Gold Pool

   

7.000%, 02/01/15

    3,920        4,172   

7.000%, 05/01/16

    15,296        16,447   

Freddie Mac 30 Yr.

   

3.000%, TBA

    4,000,000        4,216,875   

3.500%, TBA

    3,900,000        4,181,531   

4.000%, TBA

    2,400,000        2,683,747   

4.000%, TBA

    5,300,000        5,696,672   

Freddie Mac 30 Yr. Gold Pool

   

5.000%, 12/01/34

    45,277        49,204   

5.000%, 11/01/36

    328,268        357,358   

5.000%, 11/01/41

    2,511,314        2,747,983   

5.500%, 11/01/35

    64,745        70,962   

5.500%, 11/01/37

    44,443        48,558   

5.500%, 01/01/38

    77,932        85,002   

5.500%, 04/01/38

    149,063        162,585   

5.500%, 12/01/38

    7,523,735        8,255,620   

6.000%, 12/01/36

    6,178        6,801   

6.000%, 02/01/37

    243,647        268,200   

6.000%, 06/01/38

    920,201        1,013,737   

6.000%, 11/01/39

    11,024,861        12,156,937   

6.500%, 09/01/31

    81,648        94,987   

Freddie Mac ARM Non-Gold Pool

   

2.184%, 05/01/37 (b)

    91,288        95,892   

2.320%, 02/01/37 (b)

    33,233        34,991   

2.320%, 04/01/37 (b)

    71,172        76,393   

2.324%, 03/01/37 (b)

    133,748        143,650   

2.840%, 02/01/36 (b)

    113,714        122,096   

5.480%, 01/01/38 (b)

    65,989        70,792   

5.876%, 05/01/37 (b)

    98,129        103,956   

Freddie Mac REMICS

   

0.571%, 04/15/33 (b)

    308,929        309,311   

11.565%, 06/15/21 (b) (e)

    21        532   

Ginnie Mae

   

0.240%, 11/20/59 (b)

    6,398,104        6,572,580   

0.574%, 10/20/60 (b)

    3,605,604        3,575,717   

0.694%, 02/20/61 (b)

    333,251        332,554   

0.744%, 01/20/61 (b)

    156,696        156,773   

0.744%, 03/20/61 (b)

    95,422        95,472   

1.235%, 05/20/60 (b)

    1,991,562        2,033,327   

5.779%, 03/16/41 (b) (e)

    191,176        25,527   

6.282%, 03/20/39 (b) (e)

    786,569        125,911   

6.332%, 11/20/38 (b) (e)

    4,435,387        637,938   

6.412%, 11/20/38 (b) (e)

    530,981        67,728   

6.432%, 01/20/40 (b) (e)

    2,917,524        498,100   

6.479%, 12/16/36 (b) (e)

    1,445,316        197,524   

Ginnie Mae 30 Yr.

   

3.000%, TBA

    7,900,000        8,460,703   

3.500%, TBA

    17,100,000        18,718,561   

 

MSF-209


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—(Continued)

  

 

Ginnie Mae 30 Yr.

   

4.000%, TBA

  $ 3,500,000      $ 3,852,188   

5.500%, TBA

    400,000        445,797   

6.000%, TBA

    500,000        564,922   

Ginnie Mae I 30 Yr. Pool

   

4.000%, 01/15/41

    97,389        107,622   

5.000%, 01/15/40

    452,436        501,831   

6.000%, 07/15/38

    65,652        74,216   

6.500%, 09/15/28

    2,524        2,994   

6.500%, 10/15/28

    1,694        1,999   

6.500%, 01/15/29

    21,819        25,832   

6.500%, 02/15/29

    43,379        51,358   

6.500%, 06/15/29

    11,615        13,730   

6.500%, 10/15/30

    7,221        8,574   

6.500%, 02/15/31

    3,404        4,053   

7.000%, 06/15/28

    26,830        32,231   

7.000%, 07/15/29

    1,844        2,213   

Ginnie Mae II 30 Yr. Pool

   

4.500%, 01/20/40

    73,696        81,588   

4.500%, 05/20/40

    76,944        85,430   

4.500%, 07/20/40

    4,378,668        4,861,584   

4.500%, 03/20/41

    77,239        85,505   

5.000%, 07/20/40

    2,494,106        2,783,538   

5.000%, 08/20/40

    1,240,308        1,382,187   

5.000%, 09/20/40

    136,526        152,143   

5.000%, 11/20/40

    65,990        73,539   

5.500%, 08/20/37

    248,438        277,393   

5.500%, 12/20/40

    60,995        68,332   

5.500%, 01/20/41

    121,080        135,343   

5.500%, 04/20/41

    68,210        76,074   

6.000%, 12/20/36

    39,614        44,883   

6.000%, 12/20/37

    436,195        493,114   

6.000%, 09/20/38

    861,668        974,108   

6.000%, 10/20/38

    65,536        74,088   

6.000%, 09/20/39

    809,283        914,887   

6.000%, 08/20/40

    58,255        66,002   

6.000%, 09/20/40

    52,539        59,690   

6.000%, 11/20/40

    854,761        971,108   

6.000%, 09/20/41

    176,842        200,361   

6.000%, 11/20/41

    533,571        603,198   

6.500%, 10/20/37

    40,224        46,367   

Ginnie Mae II ARM Pool

   

1.660%, 01/20/60 (b)

    1,061,243        1,093,049   

2.006%, 05/20/60 (b)

    931,046        967,655   
   

 

 

 
      253,575,815   
   

 

 

 

Federal Agencies—2.9%

  

Farmer Mac Guaranteed Notes Trust 2007-1 (144A)
5.125%, 04/19/17

    4,100,000        4,876,782   

Federal Home Loan Bank

   

0.180%, 12/27/12

    9,000,000        9,000,000   

0.375%, 02/24/14

    2,450,000        2,450,835   

3.625%, 10/18/13

    640,000        662,684   

5.500%, 07/15/36

    1,990,000        2,757,137   

Federal National Mortgage Association

   

Zero Coupon, 10/09/19

    1,670,000        1,469,062   

6.250%, 05/15/29

    1,890,000        2,769,574   

7.000%, 11/01/31

    57,835        69,363   
   

Federal Agencies—(Continued)

  

 

Tennessee Valley Authority

   

3.875%, 02/15/21

  $ 150,000      $ 176,146   

4.625%, 09/15/60

    1,260,000        1,541,807   

5.250%, 09/15/39

    750,000        994,216   

5.980%, 04/01/36

    2,490,000        3,500,514   
   

 

 

 
      30,268,120   
   

 

 

 

U.S. Treasury—7.4%

  

U.S. Treasury Bonds

   

2.750%, 08/15/42

    1,040,000        1,022,776   

3.000%, 05/15/42

    440,000        456,225   

3.125%, 11/15/41

    5,160,000        5,497,010   

3.125%, 02/15/42

    19,140,000        20,360,175   

4.750%, 02/15/41 (a)

    21,510,000        30,144,243   

U.S. Treasury Notes

   

0.250%, 06/30/14

    10,000        10,002   

0.750%, 06/30/17

    280,000        282,122   

1.000%, 08/31/19 (a)

    620,000        618,450   

1.250%, 04/30/19

    8,970,000        9,138,187   

1.625%, 08/15/22 (a)

    2,330,000        2,327,451   

1.750%, 05/15/22 (a)

    6,470,000        6,560,981   
   

 

 

 
      76,417,622   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Identified Cost $345,687,952)

      360,261,557   
   

 

 

 
Mortgage-Backed Securities—7.2%   

Collateralized-Mortgage Obligation—6.3%

  

American Home Mortgage Investment Trust
0.437%, 06/25/45 (b)

    1,102,110        970,480   

0.507%, 11/25/45 (b)

    963,500        711,616   

Banc of America Funding Corp.
0.389%, 05/20/36 (b)

    768,983        703,815   

Banc of America Mortgage Securities, Inc.

   

5.269%, 12/25/34 (b)

    25,284        24,929   

3.117%, 09/25/35 (b)

    330,786        289,312   

Bear Stearns Adjustable Rate Mortgage Trust
2.648%, 10/25/35 (b)

    2,666,106        2,503,321   

Bear Stearns Asset Backed Securities Trust
0.447%, 04/25/36 (b)

    1,625,687        864,365   

Citigroup Mortgage Loan Trust, Inc.
2.989%, 12/25/35 (b)

    3,432,703        2,110,292   

Countrywide Alternative Loan Trust

   

0.487%, 01/25/36 (b)

    467,282        369,358   

0.449%, 07/20/35 (b)

    193,657        141,030   

5.500%, 10/25/33

    22,457        23,706   

Countrywide Home Loan Mortgage Pass-Through Trust
2.545%, 11/25/34 (b)

    217,381        145,285   

Countrywide Home Loan Mortgage Pass-Through Trust (144A)

   

0.577%, 03/25/35 (b)

    379,163        310,695   

0.637%, 11/25/34 (b)

    202,315        167,779   

Deutsche ALT-A Securities, Inc. Alternate Loan Trust
2.066%, 08/25/35 (b)

    92,897        62,781   

 

MSF-210


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mortgage-Backed Securities—(Continued)

 

Security Description   Par
Amount
    Value  
   

Collateralized-Mortgage Obligation—(Continued)

  

Downey Savings & Loan Association Mortgage Loan Trust

   

0.429%, 03/19/45 (b)

  $ 324,668      $ 253,911   

1.068%, 03/19/46 (b)

    207,249        117,633   

Greenpoint Mortgage Funding Trust
0.437%, 06/25/45 (b)

    2,743,082        2,116,672   

GSR Mortgage Loan Trust
2.882%, 10/25/35 (b)

    750,964        613,264   

Harborview Mortgage Loan Trust

   

0.439%, 07/19/47 (b)

    4,633,925        3,412,362   

0.469%, 01/19/36 (b)

    1,628,051        1,049,238   

0.569%, 01/19/35 (b)

    373,148        263,036   

0.619%, 11/19/34 (b)

    409,501        301,985   

1.217%, 11/25/47 (b)

    3,056,606        2,428,391   

Impac Secured Assets CMN Owner Trust

   

0.537%, 03/25/36 (b)

    1,600,834        925,362   

0.567%, 08/25/36 (b)

    290,974        292,693   

IndyMac INDA Mortgage Loan Trust
4.811%, 11/25/37 (b)

    1,801,107        1,591,950   

IndyMac Index Mortgage Loan Trust

   

0.427%, 05/25/46 (b)

    389,212        282,918   

0.577%, 01/25/35 (b)

    841,422        595,911   

2.680%, 03/25/35 (b)

    1,005,815        847,247   

4.740%, 08/25/37 (b)

    3,303,303        2,520,985   

JPMorgan Mortgage Trust
6.500%, 01/25/36

    189,658        182,972   

Luminent Mortgage Trust
0.407%, 05/25/46 (b)

    1,984,687        1,191,469   

MASTR Adjustable Rate Mortgages Trust (144A)
2.843%, 11/25/35 (b)

    112,780        61,960   

MASTR Seasoned Securitization Trust
3.758%, 10/25/32 (b)

    393,380        389,280   

Merit Securities Corp. (144A)
1.711%, 09/28/32 (b)

    158,056        155,040   

Merrill Lynch Mortgage Investors, Inc.
5.031%, 05/25/34 (b)

    338,285        344,563   

Morgan Stanley Mortgage Loan Trust

   

0.537%, 01/25/35 (b)

    2,428,452        2,073,070   

2.824%, 03/25/36 (b)

    276,295        184,265   

Novastar Mortgage-Backed Notes
0.407%, 09/25/46 (b)

    1,801,048        1,271,680   

Opteum Mortgage Acceptance Corp.
0.787%, 02/25/35

    5,000,000        3,182,590   

Prime Mortgage Trust (144A)
6.000%, 05/25/35

    4,295,764        4,137,101   

Prime Mortgage Trust (Class 1) (144A)
5.500%, 05/25/35

    1,254,470        1,217,010   

Prime Mortgage Trust (Class 2) (144A)
5.500%, 05/25/35

    5,127,287        4,836,919   

RBSGC Mortgage Pass-Through Certificates
0.667%, 01/25/37 (b)

    2,055,446        1,078,496   

Residential Accredit Loans, Inc.
0.397%, 12/25/36 (b)

    3,970,046        2,473,593   

Sequoia Mortgage Trust
1.068%, 06/20/33 (b)

    150,361        144,557   

Structured Adjustable Rate Mortgage Loan Trust
0.537%, 10/25/35 (b)

    163,615        123,140   
   

Collateralized-Mortgage Obligation—(Continued)

  

Structured Adjustable Rate Mortgage Loan Trust

   

2.759%, 01/25/35 (b)

  $ 1,262,943      $ 1,172,219   

3.090%, 09/25/35 (b)

    1,880,655        1,568,233   

Structured Asset Mortgage Investments, Inc.
0.427%, 05/25/46 (b)

    358,739        197,805   

2.611%, 08/25/35 (b)

    167,489        152,836   

Voyager DWNYS Delaware Trust (144A)
1.068%, 03/20/47 (b) (e)

    773        41   

WaMu Mortgage Pass-Through Certificates
0.487%, 12/25/45 (b)

    1,404,110        1,277,799   

0.497%, 11/25/45 (b)

    2,284,447        1,941,698   

0.507%, 07/25/45 (b)

    40,895        37,350   

0.507%, 10/25/45 (b)

    1,308,768        1,184,013   

0.958%, 07/25/47 (b)

    385,358        113,491   

2.344%, 07/25/47 (b)

    4,386,926        3,201,508   

2.451%, 10/25/34 (b)

    1,852,940        1,841,841   

2.504%, 09/25/36 (b)

    2,039,023        1,663,286   

2.741%, 09/25/36 (b)

    1,024,074        783,156   

Wells Fargo Mortgage-Backed Securities Trust
2.656%, 10/25/35 (b)

    229,876        226,677   

2.675%, 04/25/36 (b)

    291,954        252,071   

2.711%, 06/25/35 (b)

    192,438        194,913   
   

 

 

 
      65,868,964   
   

 

 

 

Commercial Mortgage-Backed Securities—0.9%

  

Americold LLC Trust (144A)
4.954%, 01/14/29

    600,000        700,689   

Banc of America Merrill Lynch Commercial Mortgage, Inc.
4.727%, 07/10/43

    175,000        185,745   

5.372%, 09/10/45 (b)

    400,000        451,243   

5.421%, 09/10/45 (b)

    359,000        395,990   

CD 2007-CD4 Commercial Mortgage Trust
5.322%, 12/11/49

    200,000        227,725   

Credit Suisse Mortgage Capital Certificates
5.311%, 12/15/39

    300,000        341,243   

5.588%, 02/15/39 (b)

    630,000        714,889   

DBUBS Mortgage Trust (144A)
1.651%, 08/10/44 (b)

    3,689,575        179,977   

First Union National Bank Commercial Mortgage
1.617%, 05/17/32 (b) (e)

    1,567,527        49,307   

GE Capital Commercial Mortgage Corp.
5.543%, 12/10/49

    370,000        420,315   

Greenwich Capital Commercial Funding
6.065%, 07/10/38 (b)

    860,000        962,377   

GS Mortgage Securities Corp. II (144A)
1.929%, 08/10/44 (b)

    1,403,067        122,467   

JPMorgan Chase Commercial Mortgage Securities Corp.
5.336%, 05/15/47

    880,000        1,004,721   

5.440%, 05/15/45

    312,000        346,600   

Merrill Lynch Mortgage Trust
5.847%, 05/12/39 (b)

    1,103,000        1,269,509   

Merrill Lynch/Countrywide Commercial Mortgage Trust
6.147%, 08/12/49 (b)

    235,000        269,130   

 

MSF-211


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mortgage-Backed Securities—(Continued)

 

Security Description   Par
Amount
    Value  
   

Commercial Mortgage-Backed Securities—(Continued)

  

Morgan Stanley Bank of America Merrill Lynch Trust (144A)
2.100%, 08/15/45 (b)

  $ 3,144,188      $ 358,082   

Morgan Stanley Capital I
5.774%, 10/15/42 (b)

    660,000        753,170   

Wachovia Bank Commercial Mortgage Trust
5.765%, 07/15/45 (b)

    330,000        379,767   

WF-RBS Commercial Mortgage Trust (144A)
1.340%, 02/15/44 (b)

    4,545,484        228,170   
   

 

 

 
      9,361,116   
   

 

 

 

Total Mortgage-Backed Securities
(Identified Cost $80,324,368)

      75,230,080   
   

 

 

 
Foreign Government—5.0%                

Sovereign—5.0%

   

Brazil Notas do Tesouro Nacional (Series F)
10.000%, 01/01/17 (BRL)

    17,863,000        9,317,600   

10.000%, 01/01/21 (BRL)

    849,000        437,350   

Japan Bank for International Cooperation
2.875%, 02/02/15 (a)

    1,580,000        1,666,026   

Japan Finance Organization for Municipalities
4.000%, 01/13/21 (a)

    1,900,000        2,218,039   

Malaysia Government Bond
3.835%, 08/12/15 (MYR)

    6,480,000        2,156,412   

4.262%, 09/15/16 (MYR)

    1,835,000        622,847   

Mexican Bonos
6.500%, 06/09/22 (MXN)

    182,799,700        15,444,446   

8.000%, 06/11/20 (MXN)

    137,954,000        12,620,679   

Mexico Government International Bond
4.750%, 03/08/44

    4,282,000        4,763,725   

5.625%, 01/15/17

    1,430,000        1,671,670   

5.875%, 01/15/14

    230,000        243,225   

Russian Federation
11.000%, 07/24/18

    595,000        870,009   
   

 

 

 

Total Foreign Government
(Identified Cost $50,802,577)

      52,032,028   
   

 

 

 
Asset-Backed Securities—3.2%                

Asset Backed—Automobile—0.3%

   

Avis Budget Rental Car Funding AESOP, LLC (144A)
2.100%, 03/20/19 (b)

    1,100,000        1,122,043   

2.802%, 05/20/18 (b)

    675,000        709,526   

3.150%, 03/20/17

    230,000        244,413   

Hertz Vehicle Financing, LLC (144A)
5.290%, 03/25/16

    1,180,000        1,294,627   
   

 

 

 
      3,370,609   
   

 

 

 

Asset Backed—Home Equity—0.3%

   

Accredited Mortgage Loan Trust
0.460%, 09/25/35 (b)

    74,070        72,643   

ACE Securities Corp.
0.557%, 01/25/36 (b)

    637,031        83,503   
   

Asset Backed—Home Equity—(Continued)

  

 

Asset Backed Securities Corp.
3.071%, 04/15/33 (b)

  $ 37,439      $ 32,204   

Bear Stearns Asset Backed Securities Trust
0.587%, 01/25/34 (b)

    30,520        23,588   

EMC Mortgage Loan Trust (144A)
0.667%, 05/25/43 (b)

    1,293,399        1,005,004   

0.917%, 01/25/41 (b)

    351,777        295,612   

IndyMac Seconds Asset Backed Trust
0.347%, 06/25/36 (b)

    2,436,193        436,244   

Morgan Stanley Mortgage Loan Trust
0.367%, 03/25/36 (b)

    1,128,996        481,667   

Structured Asset Securities Corp.
0.497%, 04/25/35 (b)

    67,369        63,002   

Structured Asset Securities Corp. (144A)
0.437%, 02/25/36 (b)

    2,764,907        224,356   
   

 

 

 
      2,717,823   
   

 

 

 

Asset Backed—Other—1.6%

   

ACE Securities Corp.
0.347%, 02/25/31 (b)

    474,796        412,203   

Amortizing Residential Collateral Trust
0.717%, 10/25/34 (b)

    1,186,782        1,088,416   

2.017%, 08/25/32 (b)

    92,596        45,385   

Bear Stearns Asset Backed Securities Trust
6.000%, 10/25/36

    3,201,250        2,389,195   

Countrywide Asset Backed Certificates
1.467%, 06/25/34 (b)

    401,581        154,901   

Countrywide Home Equity Loan Trust
0.361%, 07/15/36 (b)

    983,416        626,372   

Countrywide Home Equity Loan Trust (144A)
0.521%, 12/15/33 (b)

    442,816        299,177   

First Horizon Asset Backed Trust
0.377%, 10/25/34 (b)

    170,350        121,460   

Greenpoint Manufactured Housing
2.983%, 03/18/29 (b)

    650,000        556,533   

3.609%, 06/19/29 (b)

    375,000        306,942   

3.737%, 02/20/30 (b)

    350,000        284,549   

3.740%, 02/20/32 (b)

    475,000        380,117   

3.740%, 03/13/32 (b)

    725,000        606,089   

GSAMP Trust
0.307%, 05/25/36 (b)

    766,200        117,287   

0.317%, 01/25/36 (b)

    111,843        11,171   

0.867%, 06/25/34 (b)

    670,000        501,733   

GSRPM Mortgage Loan Trust (144A)
0.517%, 03/25/35 (b)

    1,298,189        1,105,734   

Indymac Residential Asset Backed Trust
0.387%, 04/25/36 (b)

    316,842        156,009   

Lehman XS Trust
0.427%, 09/25/46 (b)

    519,330        317,330   

Long Beach Mortgage Loan Trust
0.739%, 01/21/31 (b)

    25,587        18,836   

Mid-State Trust
7.340%, 07/01/35

    369,498        383,718   

Origen Manufactured Housing
2.313%, 04/15/37 (b)

    2,895,591        1,862,529   

2.659%, 10/15/37 (b)

    3,025,000        1,937,732   

RAAC Series (144A)
0.467%, 02/25/37 (b)

    1,003,471        943,530   

 

MSF-212


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Asset-Backed Securities—(Continued)

 

Security Description       
Shares/Par
Amount
    Value  
   

Asset Backed—Other—(Continued)

  

 

SACO I, Inc.
0.477%, 06/25/36 (b)

  $ 737,122      $ 408,909   

0.557%, 03/25/36 (b)

    216,991        130,499   

Sail Net Interest Margin Notes (144A)
5.500%, 03/27/34 (c) (d)

    35,690        0   

7.750%, 04/27/33 (c) (d)

    10,486        0   

Structured Asset Securities Corp.
0.547%, 02/25/35 (b)

    1,744,238        1,694,168   
   

 

 

 
      16,860,524   
   

 

 

 

Asset Backed—Student Loan—1.0%

  

Education Funding Capital Trust I
1.717%, 12/15/42 (b)

    650,000        635,577   

1.731%, 12/15/42 (b)

    100,000        95,647   

Keycorp Student Loan Trust
0.711%, 10/25/32 (b)

    1,210,736        1,116,049   

Nelnet Student Loan Trust
1.097%, 03/22/32 (b)

    6,650,000        5,752,277   

Northstar Education Finance, Inc.
1.043%, 10/30/45 (b)

    100,000        61,441   

Pennsylvania Higher Education Assistance Agency
1.724%, 07/25/42 (b)

    1,500,000        1,432,354   

SLM Student Loan Trust (144A)
0.679%, 12/15/25 (b)

    750,000        732,290   

1.139%, 03/15/33 (b)

    446,211        432,530   
   

 

 

 
      10,258,165   
   

 

 

 

Total Asset-Backed Securities
(Identified Cost $39,292,596)

      33,207,121   
   

 

 

 
Municipal Bonds & Notes—0.9%   

Collateralized-Mortgage Obligation—0.2%

  

Virginia Housing Development Authority
6.000%, 06/25/34

    1,783,431        1,939,000   
   

 

 

 

Municipal Agency—0.7%

  

Pennsylvania Higher Education Assistance Agency
0.319%, 05/01/46 (b)

    500,000        466,918   

1.043%, 05/01/46 (b)

    1,900,000        1,774,636   

1.090%, 05/01/46 (b)

    3,400,000        3,175,389   

Student Loan Funding Corp.
0.280%, 09/01/47 (b)

    2,250,000        2,092,165   
   

 

 

 
      7,509,108   
   

 

 

 

Total Municipal Bonds & Notes
(Identified Cost $9,103,855)

      9,448,108   
   

 

 

 
Preferred Stock—0.7%                

Diversified Financial Services—0.7%

  

Citigroup Capital XIII

    35,900        999,815   

GMAC Capital Trust I

    244,339        6,135,352   
   

 

 

 

Total Preferred Stock
(Identified Cost $7,190,437)

      7,135,167   
   

 

 

 
Term Loans—0.5%    
Security Description   Shares/
Notional/Par
Amount
    Value  
   

Hotels, Restaurants & Leisure—0.0%

  

El Pollo Loco, Inc.
9.250%, 07/14/17

  $ 325,875      $ 336,466   
   

 

 

 

IT Services—0.1%

  

First Data Corp.
4.217%, 03/24/18

    1,047,353        999,128   

2.967%, 09/24/14 (b)

    56,365        56,354   
   

 

 

 
      1,055,482   
   

 

 

 

Oil, Gas & Consumable Fuels—0.4%

  

Chesapeake Energy Corp.
8.500%, 12/02/17

    3,570,000        3,585,423   
   

 

 

 

Total Term Loans
(Identified Cost $4,882,450)

      4,977,371   
   

 

 

 
Common Stock—0.2%                

Marine—0.1%

  

DeepOcean Group Holding AS (f)

    44,743        812,090   
   

 

 

 

Media—0.1%

  

Charter Communications, Inc. (a) (f)

    15,892        1,193,012   
   

 

 

 

Total Common Stock
(Identified Cost $1,512,657)

      2,005,102   
   

 

 

 
Options Purchased—0.1%   

Put Options—0.1%

  

Markit CDX North America Investment Grade Index Series 18, Exercise Rate 1.00%, Expires 11/21/12 (Counterparty-JPMorgan Securties, Inc.)

    105,850,000        206,258   

Markit CDX North America Investment Grade Index Series 18, Exercise Rate 1.05%, Expires 10/17/12 (Counterparty-JPMorgan Securities, Inc.)

    211,700,000        84,928   

USD Currency, Strike Price EUR 0.667, Expires 05/10/13 (Counterparty-JPMorgan Securities, Inc.)

    100,000        6,661   

USD Currency, Strike Price EUR 0.769, Expires 05/10/13 (Counterparty-JPMorgan Securities, Inc.)

    100,000        250,920   
   

 

 

 

Total Options Purchased
(Identified Cost $1,083,930)

      548,767   
   

 

 

 
Warrants—0.0%                

Energy Equipment & Services—0.0%

  

SemGroup Corp., expires 11/30/14,
strike $25.00 (a) (d) (f)

    3,141        39,294   
   

 

 

 

Yankee—0.0%

  

Republic of Venezuela (Oil-Linked Payment Obligation), expires 04/15/20 (f)

    4,550        127,400   
   

 

 

 

Total Warrants
(Identified Cost $24,795)

      166,694   
   

 

 

 

 

MSF-213


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Short Term Investments—23.8%

 

Security Description   Shares/Par
Amount
    Value  
   

Discount Notes—9.9%

  

Federal Agricultural Mortgage Corp.
0.034%, 01/03/13

  $ 20,700,000      $ 20,693,514   

Federal Home Loan Bank
0.070%, 12/04/12

    20,700,000        20,697,056   

0.084%, 12/26/12

    20,700,000        20,694,313   

Federal National Mortgage Association
0.095%, 12/26/12

    20,000,000        19,994,028   

0.124%, 02/01/13

    20,000,000        19,992,483   
   

 

 

 
      102,071,394   
   

 

 

 

Mutual Funds—9.5%

  

State Street Navigator Securities Lending Prime Portfolio (g)

    98,506,476        98,506,476   
   

 

 

 

Repurchase Agreement—4.4%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $45,542,038 on 10/01/12, collateralized by $42,865,000 U.S. Treasury Bond at 3.125% due 11/15/41 with a value of $46,454,344

    45,542,000        45,542,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $246,119,870)

      246,119,870   
   

 

 

 

Total Investments—120.1%
(Identified Cost $1,221,485,867) (h)

      1,243,426,705   

Liabilities in excess of other assets

      (208,198,885
   

 

 

 
Net Assets—100.0%     $ 1,035,227,820   
   

 

 

 

 

(a) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $102,957,416 and the collateral received consisted of cash in the amount of $98,506,476 and non-cash collateral with a value of $6,669,206. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2012.
(c) Non-Income Producing; Defaulted Bond.
(d) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2012, the market value of restricted securities was $156,794, which less than 0.05% of net assets. See details below.
(e) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments. The par amount shown reflects the notional amount of the security.
(f) Non-Income Producing.
(g) Represents investment of cash collateral received from securities lending transactions.
(h) As of September 30, 2012, the aggregate cost of investments was $1,221,485,867. The aggregate unrealized appreciation and depreciation of investments was $57,185,368 and $(35,244,530), respectively, resulting in net unrealized appreciation of $21,940,838.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2012, the market value of 144A securities was $95,208,900, which is 9.2% of net assets.
(ARM)— Adjustable Rate Mortgage.
(REMIC)— Real Estate Mortgage Investment Conduit.
(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(EUR)— Euro
(MXN)— Mexican Peso
(MYR)— Malaysian Ringgit

 

Restricted Securities   

Security Description

   Acquisition
Date
     Par
Amount
     Cost      Value  

Landsbanki Islands Hf (6.100%, 08/25/11)

     8/22/2006       $ 2,000,000       $ 1,999,753       $ 117,500   

Sail Net Interest Margin Notes (5.500%, 03/27/34)

     12/17/2004         35,690         35,908         0   

Sail Net Interest Margin Notes (7.750%, 04/27/33)

     5/22/2003         10,486         779         0   

SemGroup Corp. Warrants (11/30/14, strike $25.00)

     12/7/2009         3,141         635         39,294   

Station Casinos, Inc. (6.500%, 02/01/14)

     2/14/2006         175,000         125,005         0   

 

 

MSF-214


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Forward Contracts   

Forward Foreign Currency Contracts

   Counterparty    Delivery
Date
     Local
Currency
Amount
     Aggregate
Face
Value
     Valuation as of
September 30, 2012
     Unrealized
Appreciation/
(Depreciation)
 

Australian Dollar (sold)

   Goldman Sachs Capital      10/25/12         4,477,000       $ 4,656,080       $ 4,634,971       $ 21,109   

Australian Dollar (sold)

   Citibank N.A.      11/16/12         11,787,269         12,335,966         12,179,885         156,081   

Brazilian Real (sold)

   JPMorgan Chase Bank N.A.      10/15/12         19,570,000         9,616,708         9,637,204         (20,496

Canadian Dollar (sold)

   Goldman Sachs Capital      10/25/12         5,400,000         5,436,643         5,490,062         (53,419

Euro (bought)

   Citibank N.A.      11/16/12         4,225,521         5,470,207         5,432,454         (37,753

Euro (bought)

   Citibank N.A.      11/16/12         12,990,000         16,593,946         16,700,326         106,380   

Euro (bought)

   JPMorgan Chase Bank N.A.      11/16/12         1,765,252         2,183,334         2,269,460         86,126   

Euro (sold)

   Citibank N.A.      10/25/12         6,303,000         7,781,306         8,101,492         (320,186

Euro (sold)

   JPMorgan Chase Bank N.A.      10/25/12         6,338,000         7,826,796         8,146,479         (319,683

Euro (sold)

   Citibank N.A.      11/16/12         5,120,000         6,553,518         6,582,422         (28,904

Euro (sold)

   Citibank N.A.      11/16/12         13,862,004         17,176,894         17,821,399         (644,505

Euro (sold)

   JPMorgan Chase Bank N.A.      11/16/12         1,000,000         1,237,116         1,285,629         (48,513

Euro (sold)

   UBS AG      11/16/12         5,003,199         6,217,826         6,432,260         (214,434

Malaysian Ringgit (bought)

   Citibank N.A.      11/08/12         22,000,000         7,033,248         7,178,056         144,808   

Singapore Dollar (bought)

   Citibank N.A.      11/16/12         10,799,000         8,684,638         8,799,185         114,547   

Swedish Krona (bought)

   Citibank N.A.      11/16/12         35,670,000         5,280,924         5,423,028         142,104   
                 

 

 

 

Net Unrealized Depreciation

  

   ($ 916,738
                 

 

 

 

 

Futures Contracts   

Futures Contracts—Long

   Exchange      Expiration
Date
     Number of
Contracts
    Contract
Amount
    Valuation as of
September 30, 2012
    Unrealized
Appreciation/
(Depreciation)
 

German Euro Bund Futures

     Eurex Deutschland         12/06/12         86      $ 15,533,028      $ 15,667,609      $ 134,581   

U.S. Treasury Note 10 Year Futures

     Chicago Board of Trade         12/19/12         958        127,213,669        127,878,031        664,362   

U.S. Treasury Ultra Long Bond Futures

     Chicago Board of Trade         12/19/12         317        52,773,538        52,374,344        (399,194

Futures Contracts—Short

                                      

U.S. Treasury Note 2 Year Futures

     Chicago Board of Trade         12/31/12         (152     (33,506,850     (33,520,750     (13,900

U.S. Treasury Note 5 Year Futures

     Chicago Board of Trade         12/31/12         (681     (84,519,201     (84,874,946     (355,745

U.S. Treasury Bond 30 Year Futures

     Chicago Board of Trade         12/19/12         (1,092     (163,475,319     (163,117,500     357,819   
              

 

 

 

Net Unrealized Appreciation

               $ 387,923   
              

 

 

 

 

Options Written   

Put Options Written

   Counterparty      Expiration
Date
     Notional
Amount
    Premiums
Received
    Valuation as of
September 30, 2012
     Unrealized
Appreciation
 

USD Currency, Strike Price EUR 0.689

     JPMorgan Securities, Inc.         05/10/13         (10,000,000   ($ 101,265   ($ 15,936    $ 85,329   

 

Credit Default Swaptions Written   

Call Swaptions Written

  Counterparty   Buy/Sell
Protection
    Exercise
Rate
    Expiration
Date
    Notional
Amount
    Premiums
Received
    Valuation as of
September 30, 2012
    Unrealized
Appreciation/
(Depreciation)
 

Markit CDX North America Investment Grade
Series 18

  JPMorgan Securities, Inc.     Buy        0.85     11/21/12        (105,850,000   ($ 84,680   ($ 140,934   ($ 56,254

Put Swaptions Written

 

Markit CDX North America Investment Grade
Series 18

  JPMorgan Securities, Inc.     Sell        1.10     11/21/12        (105,850,000     (179,945     (113,444     66,501   

Markit CDX North America Investment Grade
Series 18

  JPMorgan Securities, Inc.     Sell        1.20     10/17/12        (211,700,000     (232,870     (32,866     200,004   
           

 

 

   

 

 

   

 

 

 

Total Options & Credit Default Swaptions Written

            ($ 598,760   ($ 303,180   $ 295,580   
           

 

 

   

 

 

   

 

 

 

 

MSF-215


Table of Contents

Metropolitan Series Fund

 

Western Asset Management Strategic Bond Opportunities Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1     Level 2     Level 3      Total  

Total Corporate Bonds & Notes*

   $ —        $ 452,294,840      $ —         $ 452,294,840   

Total U.S. Treasury & Government Agencies*

     —          360,261,557        —           360,261,557   

Total Mortgage-Backed Securities*

     —          75,230,080        —           75,230,080   

Total Foreign Government*

     —          52,032,028        —           52,032,028   

Total Asset-Backed Securities*

     —          33,207,121        —           33,207,121   

Total Municipal Bonds & Notes

     —          9,448,108        —           9,448,108   

Total Preferred Stock*

     7,135,167        —          —           7,135,167   

Total Term Loans*

     —          4,977,371        —           4,977,371   
Common Stock          

Marine

     —          812,090        —           812,090   

Media

     1,193,012        —          —           1,193,012   

Total Common Stock

     1,193,012        812,090        —           2,005,102   

Total Options Purchased*

     —          548,767        —           548,767   

Total Warrants*

     —          166,694        —           166,694   
Short Term Investments          

Discount Notes

     —          102,071,394        —           102,071,394   

Mutual Funds

     98,506,476        —          —           98,506,476   

Repurchase Agreement

     —          45,542,000        —           45,542,000   

Total Short Term Investments

     98,506,476        147,613,394        —           246,119,870   

Total Investments

   $ 106,834,655      $ 1,136,592,050      $ —         $ 1,243,426,705   
                                   
Forward Contracts          

Forward Foreign Currency Contracts (Unrealized Appreciation)

   $ —        $ 771,155      $ —         $ 771,155   

Forward Foreign Currency Contracts (Unrealized Depreciation)

     —          (1,687,893     —           (1,687,893

Total Forward Contracts (Net Unrealized Depreciation)

     —          (916,738     —           (916,738
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

     1,156,762        —          —           1,156,762   

Futures Contracts (Unrealized Depreciation)

     (768,839     —          —           (768,839

Total Futures Contracts (Net Unrealized Appreciation)

     387,923        —          —           387,923   
Options Written          

Call Options Written

     —          (140,934     —           (140,934

Put Options Written

     —          (162,246     —           (162,246

Total Options Written

     —          (303,180     —           (303,180

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-216


Table of Contents

Metropolitan Series Fund

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

U.S. Treasury & Government Agencies—79.9% of Net Assets

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—23.6%

  

Fannie Mae 15 Yr.
2.500%, TBA

  $ 30,400,000      $ 31,939,969   

3.000%, TBA

    26,200,000        27,772,000   

Fannie Mae 15 Yr. Pool
4.500%, 03/01/20

    208,028        229,300   

5.000%, 03/01/18

    401,828        432,412   

6.500%, 04/01/13

    1,920        1,955   

6.500%, 07/01/13

    1,237        1,265   

6.500%, 06/01/17

    180,780        196,668   

7.000%, 12/01/14

    4,263        4,448   

7.000%, 07/01/15

    1,334        1,415   

7.500%, 02/01/16

    33,787        34,306   

Fannie Mae 20 Yr. Pool
4.500%, 11/01/31

    2,253,185        2,465,603   

4.500%, 12/01/31

    2,722,523        2,979,188   

Fannie Mae 30 Yr.
3.000%, TBA

    39,200,000        41,380,500   

6.000%, TBA

    1,600,000        1,766,500   

Fannie Mae 30 Yr. Pool
3.000%, 09/01/42

    15,175,096        16,064,431   

4.000%, 10/01/41

    7,809,731        8,427,363   

4.000%, 11/01/41

    14,190,531        15,312,787   

4.000%, 12/01/41

    509,774        550,089   

4.000%, 06/01/42

    8,748,300        9,503,037   

4.000%, 07/01/42

    6,535,678        7,238,410   

4.500%, 04/01/41

    27,936,934        30,841,317   

4.500%, 09/01/41

    5,068,119        5,595,011   

4.500%, 10/01/41

    23,193,090        25,197,948   

5.000%, 07/01/33

    1,238,560        1,361,171   

5.000%, 09/01/33

    1,471,419        1,617,083   

5.000%, 10/01/35

    3,969,764        4,362,753   

5.000%, 01/01/39

    51,528        57,619   

5.000%, 08/01/39

    123,996        138,654   

5.000%, 12/01/39

    68,625        76,738   

5.000%, 05/01/40

    250,809        280,458   

5.000%, 07/01/40

    139,902        156,440   

5.000%, 11/01/40

    3,169,067        3,543,696   

5.000%, 01/01/41

    79,408        88,795   

5.000%, 02/01/41

    175,850        196,638   

5.000%, 04/01/41

    346,413        387,363   

5.000%, 05/01/41

    6,604,803        7,385,584   

5.000%, 06/01/41

    461,254        515,781   

5.500%, 08/01/38

    2,964,575        3,309,373   

5.500%, 05/01/40

    22,466,323        24,636,981   

6.000%, 04/01/33

    278,123        314,782   

6.000%, 02/01/34

    60,493        68,466   

6.000%, 11/01/35

    615,528        696,659   

6.000%, 08/01/37

    87,136        98,585   

6.000%, 07/01/40

    1,311,747        1,484,075   

6.500%, 03/01/26

    2,581        2,951   

6.500%, 04/01/29

    152,036        174,515   

7.000%, 11/01/28

    3,518        4,223   

7.000%, 02/01/29

    4,201        5,043   

7.000%, 01/01/30

    2,597        3,118   

7.000%, 10/01/37

    171,748        205,092   

7.000%, 11/01/37

    120,428        143,808   

7.000%, 12/01/37

    98,948        118,159   

7.000%, 02/01/38

    114,908        137,360   
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
7.000%, 08/01/38

  $ 161,380      $ 192,912   

7.000%, 09/01/38

    25,608        30,612   

7.000%, 11/01/38

    899,774        1,075,582   

7.000%, 02/01/39

    6,942,614        8,290,504   

7.500%, 04/01/32

    15,480        16,030   

8.000%, 05/01/28

    5,150        6,343   

8.000%, 07/01/32

    1,284        1,603   

11.500%, 09/01/19

    52        53   

12.000%, 10/01/15

    3,948        4,041   

Fannie Mae ARM Pool
2.196%, 07/01/37 (a)

    105,984        114,479   

Fannie Mae Interest Strip
3.500%, 11/25/41 (b)

    6,978,529        749,394   

4.000%, 04/25/42 (b)

    7,601,932        1,231,072   

4.500%, 11/25/39 (b)

    9,281,700        1,295,615   

Fannie Mae Pool
3.500%, 06/01/42

    497,591        539,209   

3.500%, 07/01/42

    4,881,251        5,289,512   

3.500%, 10/01/42

    12,600,000        13,636,547   

6.500%, 12/01/27

    5,818        6,707   

6.500%, 05/01/32

    117,703        130,018   

12.000%, 01/15/16

    329        331   

12.500%, 09/20/15

    208        209   

12.500%, 01/15/16

    1,795        1,806   

Fannie Mae REMICS
Zero Coupon, 03/25/42

    500,000        454,622   

5.500%, 07/25/41

    6,533,101        7,941,402   

5.500%, 04/25/42

    8,500,000        9,593,797   

6.000%, 05/25/42

    7,000,000        7,902,951   

6.284%, 10/25/40 (a) (b)

    3,483,187        518,203   

6.314%, 12/25/40 (a) (b)

    6,358,653        939,279   

6.314%, 01/25/41 (a) (b)

    12,391,754        2,188,516   

6.334%, 10/25/41 (a) (b)

    16,554,283        3,192,639   

6.384%, 04/25/42 (a) (b)

    8,569,642        1,665,468   

6.434%, 03/25/42 (a)

    1,000,000        909,245   

6.434%, 03/25/42 (a) (b)

    11,800,000        2,379,395   

6.500%, 06/25/39

    1,300,000        1,459,501   

6.500%, 03/25/42

    4,000,000        4,732,288   

6.500%, 07/25/42

    9,410,000        10,964,645   

9.750%, 11/25/18

    3,707,284        4,306,274   

9.750%, 08/25/19

    1,221,658        1,400,618   

Fannie Mae Whole Loan
3.471%, 01/25/43 (a)

    524,886        563,468   

Freddie Mac 15 Yr. Gold Pool
6.500%, 08/01/13

    967        993   

Freddie Mac 30 Yr.
3.000%, TBA

    14,500,000        15,286,173   

3.500%, TBA

    8,100,000        8,684,719   

Freddie Mac 30 Yr. Gold Pool
5.000%, 08/01/33

    99,700        110,311   

5.500%, 12/01/38

    4,230,277        4,621,768   

6.500%, 09/01/39

    1,534,256        1,746,939   

8.000%, 12/01/19

    4,346        4,417   

8.000%, 09/01/30

    9,276        11,509   

Freddie Mac 30 Yr. Non-Gold Pool
8.000%, 07/01/20

    8,718        9,689   

 

MSF-217


Table of Contents

Metropolitan Series Fund

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac ARM Non-Gold Pool
2.754%, 01/01/35 (a)

  $ 36,200      $ 38,930   

2.320%, 02/01/37 (a)

    24,169        25,448   

2.870%, 05/01/37 (a)

    71,367        75,605   

2.184%, 05/01/37 (a)

    66,532        69,887   

Freddie Mac Gold Pool
3.500%, 06/01/42

    796,239        863,608   

3.500%, 07/01/42

    18,419,618        19,978,091   

Freddie Mac REMICS
4.500%, 04/15/32

    304,579        348,395   

6.000%, 05/15/36

    2,045,261        2,384,314   

8.500%, 06/15/21

    44,430        50,229   

Ginnie Mae
0.624%, 12/20/60 (a)

    24,743,328        24,598,876   

0.644%, 12/20/60 (a)

    9,240,173        9,188,650   

0.724%, 03/20/61 (a)

    7,109,008        7,105,319   

0.740%, 12/20/60 (a)

    38,935,308        38,955,788   

0.761%, 12/20/60 (a)

    28,079,153        28,093,024   

5.482%, 03/20/40 (a) (b)

    7,566,984        1,257,868   

6.282%, 03/20/39 (a) (b)

    1,966,859        314,848   

6.332%, 11/20/38 (a) (b)

    6,179,018        888,723   

6.412%, 11/20/38 (a) (b)

    1,464,401        186,789   

6.432%, 01/20/40 (a) (b)

    4,064,705        693,955   

Ginnie Mae 30 Yr.
3.000%, TBA

    2,100,000        2,249,141   

3.500%, TBA

    14,600,000        15,998,405   

4.000%, TBA

    2,300,000        2,531,437   

Ginnie Mae I 30 Yr. Pool
6.000%, 03/15/33

    2,064,196        2,368,619   

6.500%, 06/15/31

    12,192        14,506   

6.500%, 08/15/34

    337,513        402,650   

7.500%, 01/15/29

    12,561        13,827   

7.500%, 09/15/29

    4,888        5,989   

7.500%, 02/15/30

    4,414        5,389   

7.500%, 09/15/30

    15,465        16,108   

8.500%, 05/15/18

    12,069        12,117   

8.500%, 06/15/25

    62,944        70,733   

9.000%, 12/15/16

    6,434        6,712   

Ginnie Mae II 30 Yr. Pool
4.500%, 01/20/40

    2,800,439        3,100,361   

4.500%, 05/20/40

    4,001,105        4,442,380   

4.500%, 07/20/40

    10,569,200        11,734,857   

4.500%, 09/20/40

    76,829        85,303   

4.500%, 11/20/40

    720,047        799,569   

4.500%, 12/20/40

    1,793,202        1,991,245   

4.500%, 01/20/41

    555,664        616,738   

5.000%, 07/20/40

    3,114,502        3,470,769   

5.000%, 08/20/40

    3,100,771        3,455,467   

6.000%, 11/20/34

    4,791        5,458   

6.000%, 06/20/35

    8,437        9,611   

6.000%, 07/20/36

    652,373        739,132   

6.000%, 09/20/36

    31,842        36,077   

6.000%, 07/20/38

    2,000,074        2,261,066   

6.000%, 09/20/38

    5,887,729        6,656,025   

6.000%, 06/20/39

    15,363        17,368   

6.000%, 05/20/40

    383,541        433,589   

6.000%, 06/20/40

    1,037,573        1,175,561   

6.000%, 08/20/40

    504,531        571,630   
   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool
6.000%, 09/20/40

  $ 1,351,628      $ 1,535,606   

6.000%, 10/20/40

    866,615        984,576   

6.000%, 11/20/40

    1,039,573        1,181,076   

6.000%, 01/20/41

    1,122,146        1,274,889   

6.000%, 03/20/41

    4,453,784        5,060,016   

6.000%, 07/20/41

    868,145        986,313   

6.000%, 12/20/41

    891,146        1,007,433   

6.500%, 10/20/37

    1,351,543        1,557,925   
   

 

 

 
      617,713,313   
   

 

 

 

Federal Agencies—20.2%

  

Federal Farm Credit Bank
1.500%, 11/16/15 (c)

    20,000,000        20,681,440   

1.950%, 11/15/17

    19,980,000        21,098,920   

2.625%, 04/17/14

    25,000,000        25,905,200   

Federal Home Loan Bank
0.290%, 11/08/13

    40,000,000        40,031,280   

3.625%, 10/18/13

    30,000,000        31,063,290   

5.250%, 12/11/20

    12,000,000        15,356,340   

Federal Home Loan Bank of Chicago
5.625%, 06/13/16 (c)

    10,410,000        12,172,517   

Federal Home Loan Mortgage Corp.

   

0.625%, 12/29/14

    10,000,000        10,061,410   

2.375%, 01/13/22

    26,000,000        27,275,040   

5.000%, 12/14/18 (a) (c)

    13,241,000        15,412,021   

6.750%, 03/15/31 (c)

    13,000,000        20,324,850   

Federal National Mortgage Association

   

Zero Coupon, 10/09/19

    33,000,000        29,029,374   

5.125%, 01/02/14

    37,250,000        39,497,143   

6.625%, 11/15/30 (c)

    22,000,000        33,759,220   

Financing Corp. Fico

   

Zero Coupon, 09/26/19

    14,535,000        12,945,002   

Zero Coupon, 12/27/18

    16,254,000        14,804,940   

Zero Coupon, 06/06/19

    27,884,000        25,077,057   

Government Trust Certificate
Zero Coupon, 10/01/16

    8,567,000        8,167,212   

National Archives Facility Trust
8.500%, 09/01/19

    3,492,304        4,383,820   

New Valley Generation II
5.572%, 05/01/20

    11,129,644        12,966,035   

Overseas Private Investment Corp.

   

Zero Coupon, 03/15/18

    5,000,000        5,182,550   

Zero Coupon, 11/18/13

    5,000,000        5,060,500   

Residual Funding Corp. Principal Strip
Zero Coupon, 10/15/20

    38,159,000        33,382,905   

Tennessee Valley Authority

   

3.875%, 02/15/21

    35,000,000        41,100,815   

4.500%, 04/01/18

    20,000,000        23,813,480   
   

 

 

 
      528,552,361   
   

 

 

 

U.S. Treasury—36.1%

  

U.S. Treasury Notes
0.250%, 10/31/13 (c)

    18,000,000        18,009,846   

0.250%, 07/15/15 (c)

    145,000,000        144,784,820   

0.375%, 06/15/15 (c)

    90,000,000        90,189,810   

0.500%, 10/15/14 (c)

    147,000,000        147,746,466   

0.750%, 06/30/17

    68,000,000        68,515,304   

 

MSF-218


Table of Contents

Metropolitan Series Fund

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

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

 

Security Description   Par
Amount
    Value  
   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
1.000%, 08/31/19 (c)

  $ 7,000,000      $ 6,982,500   

1.500%, 07/31/16 (c)

    58,900,000        61,269,783   

1.625%, 08/15/22 (c)

    30,000,000        29,967,180   

1.750%, 05/15/22 (c)

    30,000,000        30,421,860   

2.375%, 02/28/15 (c)

    216,000,000        226,867,392   

4.250%, 08/15/14 (a)

    81,000,000        87,040,170   

4.250%, 11/15/14 (c)

    30,000,000        32,526,570   
   

 

 

 
      944,321,701   
   

 

 

 

Total U.S. Treasury & Government Agencies (Identified Cost $2,057,340,446)

      2,090,587,375   
   

 

 

 
Corporate Bonds & Notes—14.3%   

Capital Markets—1.4%

  

Citigroup Funding, Inc.
1.875%, 10/22/12

    25,000,000        25,023,425   

Postal Square, L.P.
6.500%, 06/15/22

    10,638,720        12,761,849   
   

 

 

 
      37,785,274   
   

 

 

 

Commercial Banks—0.5%

  

National Bank of Canada (144A)
2.200%, 10/19/16 (c)

    13,000,000        13,747,500   
   

 

 

 

Consumer Finance—0.9%

   

Ally Financial, Inc.
0.381%, 12/19/12 (a)

    22,485,000        22,498,671   
   

 

 

 

Diversified Financial Services—7.2%

  

COP I, LLC
3.650%, 12/05/21

    11,668,931        12,863,829   

Gate Capital Cayman Two, Ltd.
2.637%, 12/02/21

    10,124,770        10,628,781   

General Electric Capital Corp.
2.625%, 12/28/12 (d)

    20,000,000        20,123,420   

JPMorgan Chase & Co.
0.617%, 12/26/12 (a)

    17,000,000        17,029,036   

MSN 41079 & 41084, Ltd.
1.717%, 07/13/24

    10,000,000        10,089,348   

Private Export Funding Corp.
2.250%, 12/15/17 (c)

    40,000,000        42,735,840   

3.050%, 10/15/14 (c)

    20,000,000        21,059,900   

3.550%, 04/15/13

    25,000,000        25,452,725   

4.950%, 11/15/15

    25,000,000        28,403,475   
   

 

 

 
      188,386,354   
   

 

 

 

Oil, Gas & Consumable Fuels—0.4%

  

Petroelos Mexicanos
1.700%, 12/20/22

    10,000,000        10,115,000   
   

 

 

 

Thrifts & Mortgage Finance—3.9%

  

NCUA Guaranteed Notes
2.900%, 10/29/20 (a)

    30,000,000        32,250,000   

3.000%, 06/12/19

    12,960,000        14,330,390   
   

Thrifts & Mortgage Finance—(Continued)

  

NCUA Guaranteed Notes
3.450%, 06/12/21

  $ 45,000,000      $ 50,680,800   

StadsHypotek AB (144A)
1.875%, 10/02/19

    5,000,000        4,998,500   
   

 

 

 
      102,259,690   
   

 

 

 

Total Corporate Bonds & Notes
(Identified Cost $355,735,939)

      374,792,489   
   

 

 

 
Mortgage-Backed Securities—4.3%   

Collateralized-Mortgage Obligation—3.3%

  

American Home Mortgage Assets
0.407%, 09/25/46 (a)

    1,179,316        735,169   

0.407%, 12/25/46 (a)

    3,437,516        1,901,541   

Banc of America Funding Corp.
2.546%, 06/20/35 (a)

    496,997        301,179   

Banc of America Mortgage Securities, Inc.
5.018%, 07/25/35 (a)

    245,322        226,831   

Citigroup Mortgage Loan Trust, Inc.
4.700%, 10/25/35 (a)

    459,164        422,696   

Countrywide Alternative Loan Trust

   

0.449%, 07/20/35 (a)

    1,707,517        1,243,493   

0.507%, 05/25/34 (a)

    4,582,586        4,394,636   

3.000%, 07/20/46 (a)

    5,424,460        2,678,577   

Countrywide Home Loan Mortgage Pass-Through Trust (144A)
0.577%, 03/25/35 (a)

    216,664        177,540   

0.637%, 07/25/36 (a)

    1,670,187        1,442,983   

Deutsche Mortgage Securities, Inc. (144A)
5.243%, 06/26/35 (a)

    4,870,000        4,783,645   

FDIC Structured Sale Guaranteed Notes (144A)
0.782%, 02/25/48 (a)

    3,584,355        3,591,459   

First Horizon Alternative Mortgage Securities
0.587%, 02/25/37 (a)

    435,475        250,904   

GMAC Mortgage Corp. Loan Trust
3.257%, 11/19/35 (a)

    1,146,419        1,024,872   

Greenpoint Mortgage Funding Trust
0.297%, 02/25/47 (a)

    343,859        301,929   

GSMPS Mortgage Loan Trust (144A)
0.567%, 01/25/35 (a)

    607,112        497,239   

0.567%, 09/25/35 (a)

    780,648        631,130   

0.617%, 06/25/34 (a)

    1,030,675        879,082   

3.498%, 06/25/34 (a)

    5,948,953        5,426,653   

GSR Mortgage Loan Trust
2.804%, 04/25/35(a)

    1,339,258        1,184,855   

Harborview Mortgage Trust
0.369%, 01/25/47 (a)

    559,114        352,011   

0.399%, 11/19/46 (a)

    213,679        119,916   

0.419%, 09/19/46 (a)

    481,924        337,810   

Impac Secured Assets CMN Owner Trust
0.537%, 03/25/36 (a)

    6,234,972        3,604,125   

JPMorgan Mortgage Trust
4.586%, 06/25/34 (a)

    476,694        481,975   

Luminent Mortgage Trust
0.407%, 05/25/46 (a)

    3,900,936        2,341,853   

 

MSF-219


Table of Contents

Metropolitan Series Fund

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mortgage-Backed Securities—(Continued)

 

Security Description   Par
Amount
    Value  
   

Collateralized-Mortgage Obligation—(Continued)

  

MASTR Adjustable Rate Mortgages Trust
0.417%, 05/25/47 (a)

  $ 7,804,551      $ 5,050,840   

2.472%, 02/25/34 (a)

    318,358        301,099   

3.346%, 12/25/34 (a)

    30,576        28,294   

5.126%, 12/25/46 (a)

    8,107,355        4,015,492   

MASTR Reperforming Loan Trust (144A)
0.567%, 05/25/35 (a)

    503,257        399,731   

3.303%, 05/25/35 (a)

    5,571,433        4,631,159   

5.190%, 05/25/36 (a)

    4,973,811        4,638,586   

6.000%, 08/25/34

    130,447        127,792   

7.000%, 08/25/34

    603,239        611,907   

MASTR Seasoned Securitization Trust
3.758%, 10/25/32 (a)

    37,439        37,049   

Merrill Lynch Mortgage Investors, Inc.
0.487%, 04/25/35 (a)

    83,143        72,182   

Morgan Stanley Mortgage Loan Trust
0.287%, 06/25/36 (a)

    927,591        422,664   

2.731%, 07/25/35 (a)

    490,587        392,283   

2.828%, 10/25/34 (a)

    262,525        259,154   

Novastar Mortgage-Backed Notes
0.407%, 09/25/46 (a)

    3,539,991        2,499,509   

Provident Funding Mortgage Loan Trust
2.967%, 05/25/35 (a)

    1,479,314        1,460,987   

4.381%, 10/25/35 (a)

    239,912        229,164   

Residential Accredit Loans, Inc.
0.377%, 01/25/37 (a)

    658,422        433,295   

0.617%, 10/25/45 (a)

    598,967        398,364   

3.847%, 12/25/35 (a)

    3,233,362        2,242,068   

Residential Funding Mortgage Securities I
4.750%, 12/25/18

    870,451        891,678   

SACO I, Inc. (144A)
9.077%, 06/25/21 (a)

    2,587,357        2,799,154   

Structured Adjustable Rate Mortgage Loan Trust
2.709%, 05/25/35 (a)

    6,683,689        5,556,318   

Structured Asset Mortgage Investments, Inc.
0.397%, 07/25/46 (a)

    366,016        236,779   

Structured Asset Securities Corp. (144A)
0.567%, 04/25/35 (a)

    4,416,675        3,544,912   

0.617%, 09/25/33 (a)

    58,073        52,793   

3.499%, 06/25/35 (a)

    255,031        225,874   

Thornburg Mortgage Securities Trust
6.118%, 09/25/37 (a)

    151,202        154,991   

6.159%, 09/25/37 (a)

    164,526        164,162   

WaMu Mortgage Pass-Through Certificates
0.477%, 11/25/45 (a)

    117,151        104,970   

0.487%, 12/25/45 (a)

    3,013,953        2,727,100   

0.507%, 12/25/45 (a)

    247,435        223,599   

0.537%, 08/25/45 (a)

    286,873        260,589   

0.617%, 08/25/45 (a)

    589,464        517,978   

0.898%, 06/25/47 (a)

    323,692        245,712   

2.516%, 04/25/35 (a)

    100,000        90,977   
   

 

 

 
      85,383,308   
   

 

 

 

Commercial Mortgage-Backed Securities—1.0%

  

Banc of America Commercial Mortgage, Inc.
5.620%, 02/10/51

    80,000        84,862   
   

Commercial Mortgage-Backed Securities—(Continued)

  

FDIC Structured Sale Guaranteed Notes (144A)
2.980%, 12/06/20

  $ 24,318,333      $ 25,557,790   
   

 

 

 
      25,642,652   
   

 

 

 

Total Mortgage-Backed Securities
(Identified Cost $121,670,352)

      111,025,960   
   

 

 

 
Foreign Government—3.0%                

Sovereign—3.0%

  

Egypt Government AID Bonds
4.450%, 09/15/15

    20,000,000        22,335,400   

Israel Government AID Bonds
Zero Coupon, 11/15/18

    20,869,000        19,217,553   

Zero Coupon, 08/15/16

    28,251,000        27,316,061   

Zero Coupon, 09/15/16

    10,000,000        9,655,200   
   

 

 

 

Total Foreign Government
(Identified Cost $76,969,993)

      78,524,214   
   

 

 

 
Asset-Backed Securities—2.7%                

Asset Backed—Credit Card—1.6%

  

Citibank Credit Card Issuance Trust
2.250%, 12/23/14

    42,000,000        42,191,058   

Compucredit Acquired Portfolio Voltage Master Trust (144A)
0.391%, 09/17/18 (a)

    646,188        627,333   
   

 

 

 
      42,818,391   
   

 

 

 

Asset Backed—Home Equity—0.1%

  

Bayview Financial Acquisition Trust
5.710%, 08/28/44 (a)

    12,847        12,479   

Bayview Financial Asset Trust (144A)
0.817%, 12/25/39 (a)

    414,360        335,935   

Bear Stearns Asset Backed Securities Trust
0.327%, 12/25/36 (a)

    134,246        133,178   

EMC Mortgage Loan Trust (144A)
0.667%, 12/25/42 (a)

    109,518        83,605   

IndyMac Seconds Asset Backed Trust
0.347%, 06/25/36 (a)

    4,829,646        864,835   

Morgan Stanley Mortgage Loan Trust
0.307%, 12/25/36 (a)

    316,941        140,951   

0.367%, 03/25/36 (a)

    2,219,061        946,725   

Option One Mortgage Loan Trust
0.797%, 06/25/33 (a)

    147,284        127,993   

Structured Asset Securities Corp. (144A)
0.437%, 02/25/36 (a)

    4,957,765        402,293   
   

 

 

 
      3,047,994   
   

 

 

 

Asset Backed—Other—1.0%

  

ACE Securities Corp.
0.347%, 02/25/31 (a)

    933,220        810,192   

Amortizing Residential Collateral Trust
0.497%, 01/01/32 (a)

    79,705        58,255   

 

MSF-220


Table of Contents

Metropolitan Series Fund

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Asset-Backed Securities—(Continued)

 

Security Description   Shares/Par
Amount
    Value  
   

Asset Backed—Other—1.0%

  

Countrywide Home Equity Loan Trust
0.371%, 11/15/36 (a)

  $ 77,235      $ 56,223   

0.501%, 02/15/34 (a)

    427,161        284,062   

0.511%, 02/15/34 (a)

    262,763        179,536   

0.591%, 12/15/28 (a)

    34,383        33,804   

5.351%, 07/15/36 (a)

    1,949,877        1,241,945   

Fremont Home Loan Trust
0.317%, 08/25/36 (a)

    193,275        58,400   

GMAC Mortgage Corp. Loan Trust
0.397%, 12/25/36 (a)

    878,077        630,640   

0.427%, 11/25/36 (a)

    4,762,874        3,169,973   

GSAMP Trust
0.307%, 05/25/36 (a)

    1,325,648        202,925   

GSR Mortgage Loan Trust
0.487%, 11/25/30 (a)

    67,106        5,529   

NCUA Guaranteed Notes
0.578%, 12/07/20 (a)

    14,363,145        14,411,118   

Ownit Mortgage Loan Asset Backed Certificates
5.290%, 12/25/36 (a)

    1,470,374        709,686   

RAAC Series (144A)
0.487%, 05/25/36 (a)

    2,413,086        1,961,371   

SACO I, Inc.
0.477%, 06/25/36 (a)

    1,306,128        724,559   

0.517%, 04/25/36 (a)

    555,472        231,419   

0.737%, 06/25/36 (a)

    21,789        20,263   

Soundview Home Equity Loan Trust
5.562%, 10/25/36 (a)

    770,950        572,852   

WMC Mortgage Loan Pass-Through Certificates
0.903%, 07/20/29 (a)

    35,853        31,946   
   

 

 

 
      25,394,698   
   

 

 

 

Total Asset-Backed Securities
(Identified Cost $83,326,114)

      71,261,083   
   

 

 

 
Short Term Investments—4.2%   

Mutual Funds—3.6%

   

State Street Navigator Securities Lending
Prime Portfolio (e)

    94,401,650        94,401,650   
   

 

 

 
   

Repurchase Agreement—0.6%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/28/12 at 0.010% to be repurchased at $14,462,012 on 10/01/12, collateralized by $14,270,000 U.S. Treasury Note 1.375% due 11/30/18 with a value of $14,751,613.

  $ 14,462,000      $ 14,462,000   
   

 

 

 

Total Short Term Investments
(Identified Cost $108,863,650)

      108,863,650   
   

 

 

 

Total Investments—108.4%
(Identified Cost $2,803,906,494) (f)

      2,835,054,771   

Liabilities in excess of other assets

      (219,642,838
   

 

 

 
Net Assets—100.0%     $ 2,615,411,933   
   

 

 

 

 

(a) Variable or Floating Rate Security. Rate disclosed is as of September 30, 2012.
(b) Interest Only Certificate. This security receives monthly interest payments but is not entitled to principal payments. The par amount shown reflects the notional amount of the security.
(c) All or a portion of the security was on loan. As of September 30, 2012, the market value of securities loaned was $731,773,155 and the collateral received consisted of cash in the amount of $94,401,650 and non-cash collateral with a value of $653,274,226. The cash collateral is invested in a money market fund managed by an affiliate of the custodian. The non-cash collateral received consists primarily of government securities and bank letters of credit, and are held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2012, the market value of securities pledged was $2,213,576.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of September 30, 2012, the aggregate cost of investments was $2,803,906,494. The aggregate unrealized appreciation and depreciation of investments was $69,590,984 and $(38,442,707), respectively, resulting in net unrealized appreciation of $31,148,277.
(144A)— Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2012, the market value of 144A securities was $82,175,966, which is 3.1% of net assets.
(ARM)— Adjustable Rate Mortgage.
(REMIC)— Real Estate Mortgage Investment Conduit.
(TBA)— A contract for the purchase or sale of a Mortgage Backed Security to be delivered at a future date but does not include a specified pool or precise amount to be delivered.

 

MSF-221


Table of Contents

Metropolitan Series Fund

 

Western Asset Management U.S. Government Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

 

Futures Contracts   

Futures Contracts—Long

   Exchange      Expiration
Date
     Number of
Contracts
    Contract
Amount
    Valuation as of
September 30, 2012
    Unrealized
Appreciation/
(Depreciation)
 

U.S. Treasury Note 5 Year Futures

     Chicago Board of Trade         12/31/12         914      $ 113,520,447      $ 113,914,391      $ 393,944   

Futures Contracts—Short

                                      

U.S. Treasury Note 10 Year Futures

     Chicago Board of Trade         12/19/12         (176     (23,481,678     (23,493,250     (11,572

U.S. Treasury Bond 30 Year Futures

     Chicago Board of Trade         12/19/12         (409     (61,072,202     (61,094,375     (22,173

U.S. Treasury Ultra Long Bond Futures

     Chicago Board of Trade         12/19/12         (105     (17,505,128     (17,347,969     157,159   
 

 

 

 

Net Unrealized Appreciation

  

  $ 517,358   
 

 

 

 

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1     Level 2      Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 2,090,587,375       $ —         $ 2,090,587,375   

Total Corporate Bonds & Notes*

     —          374,792,489         —           374,792,489   

Total Mortgage-Backed Securities*

     —          111,025,960         —           111,025,960   

Total Foreign Government*

     —          78,524,214         —           78,524,214   

Total Asset-Backed Securities*

     —          71,261,083         —           71,261,083   

Short Term Investments

          

Mutual Funds

     94,401,650        —           —           94,401,650   

Repurchase Agreement

     —          14,462,000         —           14,462,000   

Total Short Term Investments

     94,401,650        14,462,000         —           108,863,650   

Total Investments

   $ 94,401,650      $ 2,740,653,121       $ —         $ 2,835,054,771   
                                    
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 551,103      $ —         $ —         $ 551,103   

Futures Contracts (Unrealized Depreciation)

     (33,745     —           —           (33,745

Total Futures Contracts (Net Unrealized Appreciation)

     517,358        —           —           517,358   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-222


Table of Contents

Metropolitan Series Fund

 

Zenith Equity Portfolio

 

Schedule of Investments as of September 30, 2012 (Unaudited)

 

Mutual Funds—100.0% of Net Assets

 

Security Description   Shares     Value  

Affiliated Investment Companies—100.0%

  

FI Value Leaders Portfolio, (Class A) (a)

    1,095,672      $ 162,301,939   

Jennison Growth Portfolio, (Class A) (a)

    13,661,782        162,301,975   

Pioneer Fund Portfolio, (Class A) (b)

    11,185,524        162,301,954   
   

 

 

 

Total Mutual Funds
(Identified Cost $501,871,783)

      486,905,868   
   

 

 

 

Total Investments—100.0%
(Identified Cost $501,871,783) (c)

      486,905,868   

Liabilities in excess of other assets

      (30,042
   

 

 

 
Net Assets 100.0%     $ 486,875,826   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) As of September 30, 2012, the aggregate cost of investments was $501,871,783. The aggregate unrealized appreciation and depreciation of investments was $8,345,916 and $(23,311,831), respectively, resulting in net unrealized depreciation of $(14,965,915).

 

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive if it were to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy that segregates fair value measurements into three levels. Levels 1, 2 and 3 of the fair value hierarchy are defined as follows:

 

Level 1 - unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including, but not limited to, unadjusted quoted prices for similar investments in markets that are either active or inactive; inputs other than quoted prices that are observable such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks, default rates, etc.)

Level 3 - significant unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are unavailable (including the Portfolio’s own assumptions in determining the fair value of investments)

 

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in them. Changes to the inputs or methodologies used may result in transfers between levels, which will be recognized as of the beginning of the reporting period. Information on transfers between Level 1 and Level 2, if any, will be disclosed following the fair value hierarchy table below. A reconciliation of Level 3 securities, if any, will also be disclosed following the fair value hierarchy table. For more information about the Portfolio’s policy regarding the valuation of investments, please refer to the Notes to Schedule of Investments.

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2012:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 486,905,868       $ —         $ —         $ 486,905,868   

Total Investments

   $ 486,905,868       $ —         $ —         $ 486,905,868   
                                     

 

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Metropolitan Series Fund

 

Notes to Schedule of Investments

 

Investment Valuation and Fair Value Measurements:

 

Debt securities (other than short term obligations with a remaining maturity of sixty days or less) including corporate, convertible and municipal bonds and notes; U.S. government agencies; U.S. treasury obligations; sovereign issues; term loans; and non-U.S. bonds are generally valued on the basis of evaluated or composite bid quotations obtained from independent pricing services and/or brokers and dealers selected by MetLife Advisers, LLC (“MetLife Advisers” or “the Adviser”) pursuant to authorization of the Board of Directors (the “Board” or “Directors”) of the Metropolitan Series Fund (the “Fund”). Such quotations utilize matrix pricing, which considers observable inputs including, among other things, issuer details, maturity dates, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.

 

Mortgage and asset-backed securities are usually issued as separate tranches, or classes, of securities within each deal. These securities are also generally valued on the basis of evaluated or composite bid quotations obtained from independent pricing services and/or brokers and dealers selected by the Adviser pursuant to authorization of the Board. The pricing models for these securities usually consider tranche-level attributes, estimated cash flows and market-based yield spreads for each tranche and current market data, and incorporate deal collateral performance, as available. Mortgage and asset-backed securities that use similar valuation techniques and inputs as described above are generally categorized as Level 2 within the fair value hierarchy.

 

Short term obligations with a remaining maturity of sixty days or less are valued at amortized cost, which approximates fair market value, and are categorized as Level 2 within the fair value hierarchy.

 

Equity securities such as common stock, exchange-traded funds, rights, warrants, and preferred stock that are traded on a national securities exchange or other exchanges are generally valued at their last sale price on the principal trading market. Equity securities traded on a national securities exchange or other exchanges for which there is no reported sale during the day are valued at the last reported bid price. A security that is listed or traded on more than one exchange is valued at the quotation on the exchange determined to be the primary market for that security by the Board or its delegates. If no closing price is available, then such securities are valued at the last reported bid price. Equity securities traded over-the-counter are generally valued at the last reported sales price. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 within the fair value hierarchy. Other equity securities traded on inactive markets are generally categorized as Level 2 within the fair value hierarchy.

 

Equity securities (including rights and warrants) that are listed on foreign stock exchanges normally are valued at the market closing price, the last sale price on the day the securities are valued or, lacking any sales on such day, at the mean between the last available bid and asked price. Valuation adjustments may be applied to certain equity securities that are solely traded on foreign exchanges closing before the U.S. market to account for the market movement between the close of the foreign exchanges and the

close of the U.S. market. The Portfolio may use a systematic fair valuation model provided by an independent third party to value securities principally traded in these foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time of the Portfolio valuation. Securities using these valuation adjustments are categorized as Level 2 within the fair value hierarchy.

 

Investments in registered open-end management investment companies are valued at reported net asset value per share and are categorized as Level 1 within the fair value hierarchy.

 

Forward foreign currency exchange contracts are valued based on the mean between closing bid and ask prices of the forward currency rates in the London foreign exchange markets on a daily basis as provided by a bank or dealer. These contracts are categorized as Level 2 within the fair value hierarchy.

 

Options, whether on securities, indices, futures contracts, or otherwise, traded on exchanges are valued at the last sales price available as of the close of business on the day of valuation or, if there is no such sale price available, at the mean between the last reported bid and asked prices. Options on currencies are valued at the spot price each day. These types of options are categorized as Level 1 within the fair value hierarchy.

 

Futures contracts, which are traded on commodity exchanges, are valued at their closing prices as of the close of such exchanges and are categorized as Level 1 within the fair value hierarchy. Futures contracts traded on inactive markets where a broker quotation is received are categorized as Level 2 within the fair value hierarchy.

 

Options and futures contracts that are traded over-the-counter are generally valued on the basis of broker dealer quotations or pricing service providers who use a series of techniques, including simulation pricing models, to determine the value of the contracts. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, curves and exchange rates. These contracts are categorized as Level 2 within the fair value hierarchy.

 

Swap contracts are marked-to-market daily based on quotations and prices supplied by market makers, broker-dealers and other pricing services. Such quotations and prices are derived utilizing significant observable data, including the underlying reference securities or indices. These contracts are generally categorized as Level 2 within the fair value hierarchy.

 

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Metropolitan Series Fund

 

Notes to Schedule of Investments

 

 

If no current market value quotation or other observable inputs are readily available or reliable for a security, the fair value of the security will be determined in accordance with procedures approved by and under the general supervision of the Board. In such a circumstance, the Board has delegated the determination of the fair value of a security to a Valuation Committee (“Committee”), whose members are approved by the Board. The Committee provides general pricing oversight and fair value pricing determinations related to portfolio securities and meets on a regular basis to review reports relating to valuation of the securities in each Portfolio. The Board has delegated to the Fund’s custodian (“Custodian”) the responsibility for calculating the net asset values (“NAVs”) of the Fund’s Portfolios. The Committee is responsible for overseeing the calculation of the NAVs of the Fund’s Portfolios by the Custodian. The Committee also periodically reviews pricing vendors, including the vendor providing fair value pricing for the Fund’s foreign securities, and is responsible for overseeing the correction of pricing errors and addressing other pricing issues that arise in the ordinary course of business, such as making real-time fair value determinations, as necessary.

 

If there are no readily available market quotations for a security or such quotations are otherwise deemed to be unreliable because of unusual market or issuer-specific circumstances, including without limitation, the cessation, suspension or restriction of trading activity, the Committee shall make a good faith determination of the fair value of the asset. The Board shall be requested to ratify such determinations at its next board meeting.

 

No single standard for determining the fair value of a security can be set forth because fair value depends upon the facts and circumstances with respect to each security. Generally, the fair value of a security is the amount that the security’s owner might reasonably expect to receive for it upon its current sale in an orderly transaction.

 

Information relating to any relevant factors may be obtained by the Committee from any appropriate source, including the Subadviser of the Portfolio, the Custodian, a pricing service, market maker and/or broker for such security or the issuer. Appropriate methodologies for determining fair value under particular circumstances may include: matrix pricing comparisons of securities with comparable characteristics, value based on multiples of earnings, discount from the market price of similar marketable securities, or a combination of these and other methods. The Committee maintains a detailed report tracking each fair-valued security that compares the fair value price to the next available trade, vendor or broker price, and provides information on how close the fair value price was to the next quoted price. The Committee reviews a summary of such report monthly.

 

On a quarterly basis, the Board is provided with the following for ratification: 1) a memorandum summarizing the actions taken by the Committee in the prior quarter; and 2) a list of the Portfolios’ securities as of the most recent quarter end for which market quotations were not readily available.

 

For information regarding the Metropolitan Series Fund’s other significant accounting policies, please refer to the most recent Semiannual or Annual report.

 

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Item 2. Controls and Procedures.

(a) The Principal Executive Officer and Principal Financial Officer of the registrant have concluded, based on their evaluation of the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing date of this report on Form N-Q, that the design and operation of such procedures provide reasonable assurance that information required to be disclosed by the registrant in this report on Form N-Q is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms.

(b) There has been no change in the registrant’s internal controls over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

See attached Exhibits 3(a) and 3(b) as required by Rule 30a-2(a) under the Act.


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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

METROPOLITAN SERIES FUND
By:   /s/ Elizabeth M. Forget
Name:   Elizabeth M. Forget
Title:   President
Date:   November 20, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By:   /s/ Elizabeth M. Forget
Name:   Elizabeth M. Forget
Title:   President
Date:   November 20, 2012

 

By:   /s/ Peter H. Duffy
Name:   Peter H. Duffy
Title:   Treasurer
Date:   November 20, 2012


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EXHIBIT LIST

 

Exhibit 3(a):   Certification of the Principal Executive Officer required by Rule 30a-2(a) under the Act.
Exhibit 3(b):   Certification of the Principal Financial Officer required by Rule 30a-2(a) under the Act.