N-Q 1 d787822dnq.htm METROPOLITAN SERIES FUND Metropolitan Series Fund
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS

OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-3618

 

 

Metropolitan Series Fund

(Exact name of registrant as specified in charter)

 

 

One Financial Center

Boston, Massachusetts 02111

(Address of principal executive offices) (Zip code)

 

 

 

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

Peter H. Duffy

MetLife Advisers, LLC

One Financial Center

Boston, Massachusetts 02111

 

David C. Mahaffey, Esq.

Sullivan & Worcester LLP

1666 K Street, N.W.

Washington, D.C. 20006

 

 

Registrant’s telephone number, including area code: (617) 578-3408

Date of fiscal year end: December 31

Date of reporting period: January 1, 2014 to September 30, 2014

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, 2014

 

         
   LOGO


Table of Contents

Metropolitan Series Fund

Table of Contents

 

Schedule of Investments as of September 30, 2014 (Unaudited)   

Baillie Gifford International Stock Portfolio

   MSF-1

Barclays Aggregate Bond Index Portfolio

   MSF-5

BlackRock Bond Income Portfolio

   MSF-18

BlackRock Capital Appreciation Portfolio

   MSF-42

BlackRock Large Cap Value Portfolio

   MSF-46

BlackRock Money Market Portfolio

   MSF-49

Frontier Mid Cap Growth Portfolio

   MSF-52

Jennison Growth Portfolio

   MSF-55

Loomis Sayles Small Cap Core Portfolio

   MSF-58

Loomis Sayles Small Cap Growth Portfolio

   MSF-63

Met/Artisan Mid Cap Value Portfolio

   MSF-66

Met/Dimensional International Small Company Portfolio

   MSF-69

MetLife Asset Allocation 20 Portfolio

   MSF-105

MetLife Asset Allocation 40 Portfolio

   MSF-106

MetLife Asset Allocation 60 Portfolio

   MSF-108

MetLife Asset Allocation 80 Portfolio

   MSF-110

MetLife Mid Cap Stock Index Portfolio

   MSF-112

MetLife Stock Index Portfolio

   MSF-119

MFS Total Return Portfolio

   MSF-127

MFS Value Portfolio

   MSF-140

MSCI EAFE Index Portfolio

   MSF-144

Neuberger Berman Genesis Portfolio

   MSF-155

Russell 2000 Index Portfolio

   MSF-159

T. Rowe Price Large Cap Growth Portfolio

   MSF-178

T. Rowe Price Small Cap Growth Portfolio

   MSF-182

Van Eck Global Natural Resources Portfolio

   MSF-187

Western Asset Management Strategic Bond Opportunities Portfolio

   MSF-189

Western Asset Management U.S. Government Portfolio

   MSF-209

WMC Balanced Portfolio

   MSF-216

WMC Core Equity Opportunities Portfolio

   MSF-240

Notes to Schedule of Investments

   MSF-243

 

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, 2014 (Unaudited)

Common Stocks—98.4% of Net Assets

 

Security Description   Shares     Value  

Argentina—1.4%

  

MercadoLibre, Inc. (a)

    248,238      $ 26,971,059   
   

 

 

 

Australia—3.2%

  

Brambles, Ltd.

    2,453,692        20,393,244   

Cochlear, Ltd. (a)

    254,010        15,436,921   

Treasury Wine Estates, Ltd.

    2,544,228        9,431,542   

Woolworths, Ltd.

    509,908        15,244,381   
   

 

 

 
      60,506,088   
   

 

 

 

Brazil—2.0%

  

Embraer S.A. (ADR)

    542,616        21,281,400   

Itau Unibanco Holding S.A. (ADR)

    1,218,283        16,909,768   
   

 

 

 
      38,191,168   
   

 

 

 

Canada—2.7%

  

Cenovus Energy, Inc.

    318,499        8,568,574   

Fairfax Financial Holdings, Ltd.

    70,650        31,654,506   

Ritchie Bros. Auctioneers, Inc.

    443,057        9,920,046   
   

 

 

 
      50,143,126   
   

 

 

 

China—3.1%

  

Baidu, Inc. (ADR) (b)

    161,600        35,265,968   

Sun Art Retail Group, Ltd. (a)

    6,227,000        7,051,541   

Want Want China Holdings, Ltd. (a)

    12,275,626        15,311,639   
   

 

 

 
      57,629,148   
   

 

 

 

Denmark—3.4%

  

DSV A/S

    747,876        21,010,363   

Novo Nordisk A/S - Class B

    471,237        22,453,682   

Novozymes A/S - B Shares

    456,837        19,780,898   
   

 

 

 
      63,244,943   
   

 

 

 

Finland—2.8%

  

Kone Oyj - Class B (a)

    602,706        24,185,465   

Sampo Oyj - A Shares

    583,314        28,252,662   
   

 

 

 
      52,438,127   
   

 

 

 

France—3.4%

  

Edenred

    541,183        13,335,263   

Essilor International S.A. (a)

    228,234        24,951,059   

Lafarge S.A.

    353,083        25,348,633   
   

 

 

 
      63,634,955   
   

 

 

 

Germany—6.5%

  

Brenntag AG

    317,244        15,576,145   

Continental AG

    120,338        22,880,911   

Deutsche Boerse AG

    404,503        27,309,456   

MTU Aero Engines AG

    132,264        11,275,805   

SAP SE

    312,201        22,512,975   

Sky Deutschland AG (b)

    2,710,312        23,022,151   
   

 

 

 
      122,577,443   
   

 

 

 

Hong Kong—2.9%

  

Hang Seng Bank, Ltd.

    1,215,900      19,547,059   

Hong Kong Exchanges and Clearing, Ltd.

    1,657,200        35,752,851   
   

 

 

 
      55,299,910   
   

 

 

 

India—0.6%

  

IDFC, Ltd.

    5,006,671        11,083,413   
   

 

 

 

Ireland—4.8%

  

CRH plc

    766,175        17,416,510   

Experian plc

    1,442,300        22,910,043   

James Hardie Industries plc

    1,857,471        19,481,110   

Ryanair Holdings plc (ADR) (b)

    561,248        31,671,225   
   

 

 

 
      91,478,888   
   

 

 

 

Japan—10.1%

  

FANUC Corp.

    112,600        20,333,852   

Fast Retailing Co., Ltd.

    59,200        19,838,356   

Japan Exchange Group, Inc. (a)

    1,173,200        27,880,254   

Rakuten, Inc. (a)

    2,044,000        23,604,878   

Shimano, Inc.

    166,100        20,214,789   

SMC Corp.

    103,600        28,609,628   

Tokyo Electron, Ltd.

    238,600        15,507,456   

Toyota Tsusho Corp.

    751,400        18,326,431   

Trend Micro, Inc.

    490,400        16,603,117   
   

 

 

 
      190,918,761   
   

 

 

 

Netherlands—1.4%

  

Heineken Holding NV

    400,974        26,482,996   
   

 

 

 

Norway—0.4%

  

Seadrill, Ltd. (a)

    267,561        7,143,004   
   

 

 

 

Peru—0.8%

  

Credicorp, Ltd.

    101,691        15,598,383   
   

 

 

 

Portugal—0.3%

  

Galp Energia SGPS S.A. (a)

    388,533        6,303,308   
   

 

 

 

Russia—2.5%

  

Magnit OJSC (GDR)

    436,486        25,182,615   

Sberbank of Russia (ADR)

    1,173,704        9,237,637   

Yandex NV - Class A (b)

    440,200        12,235,359   
   

 

 

 
      46,655,611   
   

 

 

 

Singapore—1.5%

  

United Overseas Bank, Ltd. (a)

    1,618,473        28,359,550   
   

 

 

 

South Africa—3.2%

  

Massmart Holdings, Ltd. (a)

    758,903        8,255,977   

Naspers, Ltd. - N Shares

    477,191        52,483,350   
   

 

 

 
      60,739,327   
   

 

 

 

 

MSF-1


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

South Korea—5.4%

  

Hyundai Mobis

    46,659      $ 11,369,994   

NAVER Corp.

    31,260        23,705,800   

Samsung Electronics Co., Ltd.

    41,245        46,173,415   

SK Telecom Co., Ltd.

    76,078        20,892,240   
   

 

 

 
      102,141,449   
   

 

 

 

Spain—1.5%

  

Inditex S.A. (a)

    1,045,370        28,798,515   
   

 

 

 

Sweden—5.0%

  

Atlas Copco AB - B Shares

    1,458,897        37,732,124   

Svenska Handelsbanken AB - A Shares

    942,556        44,117,740   

Volvo AB - B Shares

    1,238,624        13,372,005   
   

 

 

 
      95,221,869   
   

 

 

 

Switzerland—2.8%

  

Nestle S.A.

    708,429        51,963,053   
   

 

 

 

Taiwan—3.8%

  

Hon Hai Precision Industry Co., Ltd.

    5,812,139        18,301,454   

Taiwan Semiconductor Manufacturing Co., Ltd.

    13,502,000        53,747,365   
   

 

 

 
      72,048,819   
   

 

 

 

Turkey—0.8%

  

BIM Birlesik Magazalar A/S (a)

    681,093        14,265,483   
   

 

 

 

United Kingdom—21.4%

  

Amlin plc

    2,960,100        20,804,381   

Antofagasta plc

    978,543        11,416,554   

ARM Holdings plc

    2,181,432        31,785,164   

ASOS plc (a) (b)

    193,858        7,070,992   

BG Group plc

    861,000        15,837,863   

BHP Billiton plc

    505,800        14,042,945   

British American Tobacco plc

    655,883        36,866,449   

Burberry Group plc

    518,692        12,652,538   

Capita Group plc

    1,534,300        28,844,940   

Hargreaves Lansdown plc

    919,100        13,994,516   

Petrofac, Ltd.

    671,200        11,219,513   

Premier Farnell plc

    3,022,212        8,912,009   

Prudential plc

    1,509,470        33,526,526   

Rio Tinto plc

    791,600        38,865,967   

Rolls-Royce Holdings plc (b)

    1,047,723        16,240,123   

St. James’s Place plc

    1,171,779        13,778,657   

Standard Chartered plc

    1,206,722        22,230,109   

Tullow Oil plc

    1,630,893        16,979,043   

Unilever NV

    667,612        26,537,542   

Wolseley plc

    445,043        23,381,285   
   

 

 

 
      404,987,116   
   

 

 

 
Security Description   Shares/
Principal
Amount*
    Value  

United States—0.7%

  

Pricesmart, Inc. (a)

    143,746      12,310,407   
   

 

 

 

Total Common Stocks
(Cost $1,607,503,464)

      1,857,135,919   
   

 

 

 
Short-Term Investments—9.8%   

Mutual Fund—9.1%

  

State Street Navigator Securities Lending MET Portfolio (c)

    172,179,866        172,179,866   
   

 

 

 

Repurchase Agreement—0.7%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $12,959,985 on 10/01/14, collateralized by $13,205,000 U.S. Treasury Note at 0.250% due 08/15/15 with a value of $13,221,506.

    12,959,985        12,959,985   
   

 

 

 

Total Short-Term Investments
(Cost $185,139,851)

      185,139,851   
   

 

 

 

Total Investments—108.2%
(Cost $1,792,643,315) (d)

      2,042,275,770   

Other assets and liabilities (net)—(8.2)%

      (155,549,068
   

 

 

 
Net Assets—100.0%     $ 1,886,726,702   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $165,952,630 and the collateral received consisted of cash in the amount of $172,179,866 and non-cash collateral with a value of $1,038,751. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2014, the aggregate cost of investments was $1,792,643,315. The aggregate unrealized appreciation and depreciation of investments were $347,535,387 and $(97,902,932), respectively, resulting in net unrealized appreciation of $249,632,455.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(GDR)— A Global Depositary Receipt is a negotiable certificate issued by one country’s bank against a certain number of shares of a company’s stock held in its custody but traded on the stock exchange of another country.

 

MSF-2


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Ten Largest Industries as of
September 30, 2014 (Unaudited)

  

% of
Net Assets

 

Banks

     8.3   

Insurance

     6.8   

Machinery

     6.6   

Diversified Financial Services

     5.4   

Semiconductors & Semiconductor Equipment

     5.3   

Internet Software & Services

     5.2   

Food Products

     5.0   

Food & Staples Retailing

     4.4   

Media

     4.0   

Metals & Mining

     3.4   

 

MSF-3


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Argentina

   $ 26,971,059       $ —        $ —         $ 26,971,059   

Australia

     —           60,506,088        —           60,506,088   

Brazil

     38,191,168         —          —           38,191,168   

Canada

     50,143,126         —          —           50,143,126   

China

     35,265,968         22,363,180        —           57,629,148   

Denmark

     —           63,244,943        —           63,244,943   

Finland

     —           52,438,127        —           52,438,127   

France

     —           63,634,955        —           63,634,955   

Germany

     —           122,577,443        —           122,577,443   

Hong Kong

     —           55,299,910        —           55,299,910   

India

     —           11,083,413        —           11,083,413   

Ireland

     31,671,225         59,807,663        —           91,478,888   

Japan

     —           190,918,761        —           190,918,761   

Netherlands

     —           26,482,996        —           26,482,996   

Norway

     —           7,143,004        —           7,143,004   

Peru

     15,598,383         —          —           15,598,383   

Portugal

     —           6,303,308        —           6,303,308   

Russia

     12,235,359         34,420,252        —           46,655,611   

Singapore

     —           28,359,550        —           28,359,550   

South Africa

     —           60,739,327        —           60,739,327   

South Korea

     —           102,141,449        —           102,141,449   

Spain

     —           28,798,515        —           28,798,515   

Sweden

     —           95,221,869        —           95,221,869   

Switzerland

     —           51,963,053        —           51,963,053   

Taiwan

     —           72,048,819        —           72,048,819   

Turkey

     —           14,265,483        —           14,265,483   

United Kingdom

     —           404,987,116        —           404,987,116   

United States

     12,310,407         —          —           12,310,407   

Total Common Stocks

     222,386,695         1,634,749,224        —           1,857,135,919   
Short-Term Investments           

Mutual Fund

     172,179,866         —          —           172,179,866   

Repurchase Agreement

     —           12,959,985        —           12,959,985   

Total Short-Term Investments

     172,179,866         12,959,985        —           185,139,851   

Total Investments

   $ 394,566,561       $ 1,647,709,209      $ —         $ 2,042,275,770   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (172,179,866   $ —         $ (172,179,866

 

MSF-4


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

U.S. Treasury & Government Agencies—69.0% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—28.9%

  

Fannie Mae 15 Yr. Pool

  

2.500%, 12/01/27

    5,472,031      $ 5,515,023   

2.500%, 02/01/28

    4,075,246        4,122,832   

2.500%, 07/01/28

    7,143,030        7,190,398   

2.500%, 10/01/28

    4,652,924        4,683,779   

3.000%, 01/01/27

    2,337,478        2,409,683   

3.000%, 02/01/27

    3,862,771        3,982,186   

3.000%, 03/01/27

    1,927,393        1,986,977   

3.000%, 01/01/29

    3,215,312        3,314,949   

3.000%, 10/01/29

    3,900,000        4,022,447   

3.500%, 02/01/26

    3,793,436        3,997,623   

3.500%, 03/01/26

    1,528,415        1,610,685   

3.500%, 05/01/29

    4,515,174        4,751,196   

4.000%, 04/01/19

    148,261        156,812   

4.000%, 05/01/19

    350,258        371,112   

4.000%, 01/01/20

    407,786        431,650   

4.000%, 06/01/24

    778,246        826,864   

4.000%, 11/01/24

    4,031,052        4,282,877   

4.500%, 07/01/18

    479,935        506,414   

4.500%, 05/01/19

    182,924        193,071   

4.500%, 08/01/24

    897,367        960,793   

4.500%, 06/01/25

    1,725,215        1,847,256   

5.000%, 06/01/18

    125,453        132,562   

5.000%, 01/01/19

    355,887        377,912   

5.000%, 02/01/20

    349,227        372,624   

5.000%, 01/01/22

    399,689        427,457   

5.000%, 02/01/24

    1,188,149        1,281,412   

5.500%, 11/01/17

    65,225        69,449   

5.500%, 02/01/18

    50,582        53,561   

5.500%, 04/01/18

    382,752        405,389   

6.000%, 09/01/17

    133,676        138,620   

6.500%, 04/01/17

    345,147        359,961   

7.500%, 08/01/15

    493        496   

Fannie Mae 20 Yr. Pool

   

3.000%, 02/01/33

    2,549,835        2,598,643   

3.500%, 04/01/32

    2,660,175        2,775,565   

4.000%, 02/01/31

    1,381,332        1,473,651   

4.500%, 08/01/30

    917,935        994,521   

5.000%, 02/01/24

    308,352        340,185   

5.000%, 09/01/25

    291,017        320,977   

5.500%, 07/01/23

    208,357        231,859   

5.500%, 01/01/24

    137,681        153,673   

5.500%, 07/01/24

    381,933        426,412   

5.500%, 07/01/25

    314,507        354,449   

7.000%, 10/01/21

    18,706        21,119   

Fannie Mae 30 Yr. Pool

   

3.000%, 08/01/42

    1,876,406        1,855,604   

3.000%, 09/01/42

    2,820,713        2,789,443   

3.000%, 11/01/42

    3,406,370        3,368,607   

3.000%, 12/01/42

    6,256,489        6,187,130   

3.000%, 01/01/43

    1,647,278        1,629,017   

3.000%, 02/01/43

    5,416,879        5,350,459   

3.000%, 03/01/43

    7,087,223        6,995,396   

3.000%, 07/01/43

    7,651,473        7,552,334   

3.000%, 09/01/43

    4,016,939        3,964,892   

3.500%, 12/01/40

    2,890,959        2,958,265   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

  

3.500%, 03/01/42

    1,808,862      1,851,064   

3.500%, 04/01/42

    3,941,198        4,036,070   

3.500%, 05/01/42

    4,824,444        4,937,001   

3.500%, 06/01/42

    3,574,983        3,658,389   

3.500%, 08/01/42

    2,442,580        2,499,566   

3.500%, 09/01/42

    6,077,607        6,219,401   

3.500%, 10/01/42

    3,221,057        3,296,206   

3.500%, 01/01/43

    2,863,964        2,930,782   

3.500%, 02/01/43

    4,542,463        4,648,441   

3.500%, 04/01/43

    4,712,203        4,822,291   

3.500%, 06/01/43

    2,680,859        2,743,490   

3.500%, 08/01/44

    4,842,910        4,956,481   

4.000%, 08/01/39

    1,994,553        2,103,488   

4.000%, 09/01/39

    1,594,747        1,681,846   

4.000%, 12/01/39

    2,102,089        2,216,897   

4.000%, 06/01/40

    2,061,147        2,173,989   

4.000%, 09/01/40

    1,363,414        1,438,057   

4.000%, 12/01/40

    8,522,503        8,989,086   

4.000%, 01/01/41

    5,271,972        5,560,703   

4.000%, 02/01/41

    5,385,771        5,698,138   

4.000%, 12/01/41

    2,274,666        2,399,288   

4.000%, 02/01/42

    2,397,275        2,529,791   

4.000%, 09/01/43

    3,566,827        3,762,352   

4.000%, 02/01/44

    4,625,141        4,895,181   

4.000%, 05/01/44

    4,574,185        4,826,045   

4.000%, 08/01/44

    4,681,251        4,940,827   

4.500%, 08/01/33

    386,523        419,006   

4.500%, 10/01/33

    442,227        479,390   

4.500%, 04/01/34

    236,910        256,557   

4.500%, 01/01/39

    320,580        345,856   

4.500%, 07/01/39

    2,651,035        2,860,850   

4.500%, 09/01/39

    4,425,286        4,775,524   

4.500%, 10/01/39

    1,830,630        1,975,515   

4.500%, 05/01/40

    2,247,633        2,427,313   

4.500%, 11/01/40

    2,250,636        2,430,556   

4.500%, 12/01/40

    3,173,665        3,427,373   

4.500%, 04/01/41

    8,370,467        9,040,601   

4.500%, 05/01/41

    2,028,281        2,190,664   

5.000%, 07/01/33

    306,110        338,140   

5.000%, 08/01/33

    778,752        860,239   

5.000%, 09/01/33

    390,997        431,910   

5.000%, 10/01/33

    3,251,244        3,591,448   

5.000%, 03/01/34

    444,108        490,578   

5.000%, 04/01/34

    1,040,384        1,149,156   

5.000%, 05/01/34

    169,348        187,042   

5.000%, 09/01/34

    404,639        446,916   

5.000%, 02/01/35

    453,154        500,499   

5.000%, 04/01/35

    295,393        326,185   

5.000%, 05/01/35

    90,190        99,591   

5.000%, 11/01/35

    326,055        360,043   

5.000%, 03/01/36

    1,129,713        1,247,472   

5.000%, 07/01/37

    1,044,672        1,152,121   

5.000%, 01/01/39

    928,197        1,023,629   

5.000%, 04/01/40

    2,918,542        3,224,709   

5.000%, 07/01/41

    2,219,253        2,452,271   

 

MSF-5


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

5.500%, 10/01/32

    60,847      $ 68,349   

5.500%, 02/01/33

    246,584        277,046   

5.500%, 03/01/33

    626,282        703,651   

5.500%, 05/01/33

    2,052,275        2,305,805   

5.500%, 08/01/33

    1,088,882        1,223,399   

5.500%, 10/01/33

    134,376        150,977   

5.500%, 12/01/33

    1,226,799        1,378,354   

5.500%, 02/01/34

    477,639        536,593   

5.500%, 03/01/34

    243,669        273,745   

5.500%, 04/01/34

    106,248        119,362   

5.500%, 06/01/34

    385,657        433,259   

5.500%, 09/01/34

    377,850        424,487   

5.500%, 12/01/34

    940,617        1,056,716   

5.500%, 01/01/35

    321,699        361,406   

5.500%, 02/01/35

    714,187        802,338   

5.500%, 04/01/35

    410,032        458,511   

5.500%, 06/01/35

    1,428,168        1,597,023   

5.500%, 01/01/37

    529,900        589,639   

5.500%, 05/01/37

    235,292        261,823   

5.500%, 05/01/38

    281,877        313,655   

5.500%, 06/01/38

    316,084        351,718   

5.500%, 07/01/38

    238,722        265,635   

6.000%, 08/01/28

    3,548        4,006   

6.000%, 11/01/28

    1,170        1,332   

6.000%, 12/01/28

    1,495        1,709   

6.000%, 06/01/31

    74,838        85,578   

6.000%, 09/01/32

    159,474        182,335   

6.000%, 01/01/33

    39,436        45,089   

6.000%, 02/01/33

    91,172        104,259   

6.000%, 03/01/33

    186,788        213,599   

6.000%, 04/01/33

    399,433        456,768   

6.000%, 05/01/33

    341,291        390,281   

6.000%, 05/01/34

    536,736        613,290   

6.000%, 09/01/34

    424,429        484,965   

6.000%, 11/01/34

    601,378        687,152   

6.000%, 01/01/35

    266,331        301,298   

6.000%, 07/01/36

    110,828        125,114   

6.000%, 09/01/36

    309,192        349,047   

6.000%, 07/01/37

    309,318        349,099   

6.000%, 08/01/37

    450,765        508,737   

6.000%, 09/01/37

    1,076,218        1,214,627   

6.000%, 10/01/37

    435,666        491,695   

6.000%, 05/01/38

    1,328,019        1,498,812   

6.000%, 12/01/38

    351,293        396,500   

6.500%, 05/01/28

    74,819        86,901   

6.500%, 12/01/28

    225,822        262,289   

6.500%, 03/01/29

    5,710        6,470   

6.500%, 04/01/29

    38,076        43,269   

6.500%, 05/01/29

    8,955        10,181   

6.500%, 08/01/29

    1,411        1,597   

6.500%, 05/01/30

    33,179        37,557   

6.500%, 09/01/31

    6,543        7,576   

6.500%, 02/01/32

    7,900        8,211   

6.500%, 06/01/32

    48,181        55,777   

6.500%, 09/01/33

    21,404        24,228   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.500%, 10/01/33

    135,482      153,357   

6.500%, 10/01/34

    423,166        486,446   

6.500%, 10/01/37

    227,269        258,403   

7.000%, 06/01/26

    884        970   

7.000%, 06/01/28

    30,104        32,456   

7.000%, 10/01/29

    15,299        17,407   

7.000%, 12/01/29

    3,948        4,092   

7.000%, 04/01/32

    17,596        19,180   

7.000%, 06/01/32

    68,922        79,465   

7.000%, 10/01/37

    293,048        332,699   

7.500%, 09/01/25

    6,633        7,733   

7.500%, 06/01/26

    7,166        8,145   

7.500%, 07/01/29

    17,230        20,560   

7.500%, 10/01/29

    8,610        9,588   

8.000%, 10/01/26

    450        475   

8.000%, 11/01/29

    262        303   

8.000%, 05/01/30

    18,438        19,349   

8.000%, 11/01/30

    4,384        5,225   

8.000%, 01/01/31

    6,908        8,005   

8.000%, 02/01/31

    9,303        11,027   

Fannie Mae ARM Pool

   

2.743%, 11/01/43 (a)

    2,555,077        2,644,658   

2.770%, 02/01/42 (a)

    3,061,872        3,171,411   

3.111%, 10/01/41 (a)

    996,591        1,049,026   

3.530%, 05/01/41 (a)

    1,911,914        2,039,677   

Fannie Mae-ACES

   

2.679%, 05/25/21 (a)

    5,000,000        5,011,285   

Freddie Mac 15 Yr. Gold Pool

   

2.500%, 12/01/27

    2,445,465        2,465,425   

2.500%, 02/01/28

    3,991,860        4,039,867   

2.500%, 04/01/28

    3,215,831        3,238,145   

3.000%, 03/01/27

    2,209,117        2,273,546   

3.000%, 05/01/27

    2,798,192        2,879,927   

3.000%, 11/01/28

    3,494,060        3,596,337   

3.500%, 12/01/25

    2,635,507        2,772,151   

3.500%, 05/01/26

    1,052,506        1,107,791   

4.000%, 06/01/19

    290,850        307,560   

4.000%, 05/01/25

    1,601,509        1,703,406   

4.000%, 08/01/25

    851,204        905,363   

4.000%, 10/01/25

    651,968        693,449   

4.500%, 09/01/18

    284,644        300,001   

4.500%, 10/01/18

    630,382        664,391   

4.500%, 04/01/19

    472,273        497,860   

4.500%, 06/01/19

    262,694        276,927   

4.500%, 08/01/19

    91,395        96,346   

5.000%, 05/01/18

    694,825        733,299   

5.000%, 12/01/18

    138,107        145,754   

5.000%, 06/01/19

    369,824        392,239   

5.500%, 11/01/17

    59,777        63,363   

5.500%, 01/01/24

    774,481        853,263   

6.000%, 04/01/16

    3,015        3,084   

6.000%, 05/01/17

    58,719        60,640   

7.000%, 12/01/15

    822        824   

7.500%, 03/01/16

    4,596        4,719   

 

MSF-6


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 20 Yr. Gold Pool

   

3.000%, 04/01/33

    3,911,079      $ 3,986,859   

3.500%, 04/01/32

    3,839,906        3,996,957   

4.000%, 01/01/31

    1,452,883        1,553,489   

4.000%, 08/01/31

    1,520,033        1,625,289   

4.500%, 05/01/29

    448,847        486,225   

5.000%, 03/01/27

    197,226        219,568   

Freddie Mac 30 Yr. Gold Pool

   

2.500%, 07/01/43

    3,247,169        3,070,891   

3.000%, 10/01/42

    3,297,495        3,257,867   

3.000%, 01/01/43

    3,092,382        3,055,218   

3.000%, 03/01/43

    7,128,282        7,044,465   

3.000%, 04/01/43

    5,791,920        5,722,247   

3.000%, 06/01/43

    2,045,485        2,020,880   

3.000%, 07/01/43

    5,009,899        4,949,633   

3.500%, 01/01/42

    2,098,658        2,144,658   

3.500%, 03/01/42

    1,848,676        1,889,196   

3.500%, 08/01/42

    6,349,347        6,486,218   

3.500%, 02/01/43

    2,539,311        2,594,969   

3.500%, 05/01/43

    4,519,457        4,617,034   

3.500%, 06/01/43

    2,754,245        2,813,710   

3.500%, 06/01/44

    3,854,291        3,937,806   

4.000%, 06/01/39

    1,767,087        1,861,432   

4.000%, 12/01/39

    2,202,021        2,319,588   

4.000%, 11/01/40

    2,103,908        2,216,491   

4.000%, 04/01/41

    1,947,009        2,051,167   

4.000%, 09/01/41

    2,159,693        2,275,229   

4.000%, 10/01/41

    4,397,996        4,633,272   

4.000%, 11/01/41

    2,227,901        2,347,085   

4.000%, 10/01/43

    4,624,137        4,873,304   

4.000%, 07/01/44

    6,601,234        6,956,556   

4.500%, 10/01/35

    866,798        934,893   

4.500%, 06/01/38

    1,320,101        1,423,808   

4.500%, 02/01/39

    768,995        829,541   

4.500%, 03/01/39

    1,055,493        1,138,596   

4.500%, 04/01/39

    1,045,819        1,128,159   

4.500%, 09/01/39

    1,272,362        1,372,539   

4.500%, 11/01/39

    1,245,584        1,343,652   

4.500%, 01/01/40

    879,471        949,404   

4.500%, 05/01/40

    1,463,968        1,580,377   

4.500%, 11/01/40

    1,676,431        1,809,735   

4.500%, 02/01/41

    1,153,293        1,245,783   

4.500%, 05/01/41

    1,264,285        1,365,676   

4.500%, 06/01/41

    938,070        1,013,301   

4.500%, 12/01/43

    2,448,302        2,641,723   

5.000%, 10/01/33

    813,871        899,693   

5.000%, 03/01/34

    184,031        203,547   

5.000%, 08/01/35

    1,057,167        1,167,822   

5.000%, 09/01/35

    499,364        551,634   

5.000%, 10/01/35

    380,971        420,848   

5.000%, 01/01/36

    981,123        1,083,818   

5.000%, 04/01/38

    562,565        619,480   

5.000%, 11/01/39

    2,524,514        2,781,665   

5.000%, 05/01/40

    3,189,564        3,521,830   

5.500%, 06/01/34

    891,615        1,000,292   

5.500%, 10/01/35

    435,615        486,454   

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

5.500%, 12/01/35

    1,069,351      1,194,152   

5.500%, 01/01/36

    804,500        898,391   

5.500%, 12/01/37

    729,873        811,136   

5.500%, 04/01/38

    3,481,649        3,869,349   

5.500%, 07/01/38

    419,410        466,114   

5.500%, 08/01/38

    882,185        980,421   

6.000%, 11/01/28

    16,509        18,833   

6.000%, 12/01/28

    10,711        12,234   

6.000%, 02/01/29

    24,304        27,375   

6.000%, 04/01/29

    7,766        8,812   

6.000%, 05/01/29

    2,117        2,386   

6.000%, 06/01/31

    2,657        3,039   

6.000%, 07/01/31

    1,234        1,411   

6.000%, 09/01/31

    69,674        79,685   

6.000%, 04/01/32

    157,178        179,749   

6.000%, 11/01/32

    48,131        55,042   

6.000%, 06/01/34

    199,892        228,502   

6.000%, 11/01/35

    116,820        133,498   

6.000%, 02/01/36

    179,287        202,118   

6.000%, 08/01/36

    197,046        222,139   

6.000%, 10/01/36

    326,468        368,042   

6.000%, 11/01/36

    202,721        228,536   

6.000%, 01/01/37

    285,602        321,972   

6.000%, 02/01/38

    309,051        348,392   

6.000%, 11/01/39

    2,899,037        3,268,248   

6.000%, 04/01/40

    806,630        909,311   

6.500%, 02/01/30

    5,832        6,594   

6.500%, 08/01/31

    14,090        16,273   

6.500%, 10/01/31

    7,698        8,704   

6.500%, 11/01/31

    31,569        36,460   

6.500%, 03/01/32

    475,853        549,617   

6.500%, 04/01/32

    456,031        526,722   

6.500%, 09/01/36

    748,036        853,055   

6.500%, 11/01/37

    382,417        435,971   

7.000%, 12/01/27

    2,025        2,364   

7.000%, 11/01/28

    5,407        6,258   

7.000%, 04/01/29

    5,784        6,644   

7.000%, 05/01/29

    1,553        1,716   

7.000%, 06/01/29

    6,423        6,724   

7.000%, 07/01/29

    2,496        2,848   

7.000%, 01/01/31

    108,138        116,298   

7.500%, 08/01/24

    22,343        23,208   

7.500%, 10/01/27

    13,328        15,227   

7.500%, 10/01/29

    20,388        23,196   

7.500%, 05/01/30

    14,760        16,939   

8.000%, 02/01/27

    4,881        5,809   

8.000%, 10/01/28

    9,325        11,039   

Ginnie Mae I 15 Yr. Pool

   

3.000%, 08/15/28

    4,412,918        4,626,244   

5.000%, 10/15/20

    450,346        480,989   

5.000%, 01/15/21

    231,958        248,534   

Ginnie Mae I 30 Yr. Pool

   

3.000%, 11/15/42

    4,089,499        4,126,203   

3.000%, 12/15/42

    2,905,001        2,931,073   

3.000%, 02/15/43

    2,517,037        2,542,936   

 

MSF-7


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

3.000%, 03/15/43

    3,410,406      $ 3,439,491   

3.000%, 05/15/43

    4,427,586        4,465,345   

3.000%, 07/15/43

    2,850,511        2,874,821   

3.500%, 01/15/42

    4,184,972        4,333,457   

3.500%, 02/15/42

    1,879,157        1,945,836   

3.500%, 03/15/42

    2,965,572        3,076,555   

3.500%, 05/15/42

    2,524,446        2,614,021   

3.500%, 09/15/42

    2,451,106        2,538,079   

3.500%, 05/15/43

    2,802,519        2,901,054   

4.000%, 07/15/39

    3,569,303        3,795,366   

4.000%, 07/15/40

    2,245,288        2,390,667   

4.000%, 03/15/41

    1,955,691        2,079,946   

4.000%, 10/15/41

    3,498,778        3,721,073   

4.500%, 01/15/39

    591,596        643,823   

4.500%, 04/15/39

    1,524,271        1,658,836   

4.500%, 05/15/39

    3,728,884        4,058,075   

4.500%, 08/15/39

    1,671,135        1,818,665   

4.500%, 01/15/40

    1,770,886        1,932,407   

4.500%, 04/15/40

    2,138,889        2,333,976   

4.500%, 02/15/41

    929,501        1,009,919   

4.500%, 04/15/41

    1,233,662        1,340,395   

5.000%, 12/15/35

    552,299        612,758   

5.000%, 12/15/36

    355,907        391,907   

5.000%, 01/15/39

    1,911,207        2,109,127   

5.000%, 02/15/39

    383,443        424,758   

5.000%, 08/15/39

    2,945,098        3,262,423   

5.000%, 09/15/39

    671,693        744,066   

5.000%, 12/15/39

    1,252,176        1,387,094   

5.000%, 05/15/40

    2,210,386        2,461,020   

5.500%, 03/15/36

    606,015        679,012   

5.500%, 01/15/37

    826,545        926,162   

5.500%, 11/15/37

    667,706        748,180   

5.500%, 09/15/38

    367,915        412,176   

5.500%, 08/15/39

    2,042,857        2,289,656   

6.000%, 01/15/29

    8,085        9,132   

6.000%, 01/15/33

    315,219        362,549   

6.000%, 03/15/35

    360,709        417,893   

6.000%, 12/15/35

    238,534        276,216   

6.000%, 06/15/36

    296,519        335,555   

6.000%, 09/15/36

    392,085        443,701   

6.000%, 07/15/38

    1,597,244        1,834,421   

6.500%, 05/15/23

    1,422        1,612   

6.500%, 02/15/27

    41,704        47,905   

6.500%, 07/15/28

    14,355        16,342   

6.500%, 08/15/28

    18,713        21,471   

6.500%, 11/15/28

    11,505        13,444   

6.500%, 12/15/28

    11,417        12,944   

6.500%, 07/15/29

    2,242        2,542   

6.500%, 05/15/36

    249,181        282,493   

7.000%, 01/15/28

    2,634        3,020   

7.000%, 04/15/28

    3,337        3,453   

7.000%, 05/15/28

    18,269        20,165   

7.000%, 06/15/28

    10,378        11,932   

7.000%, 10/15/28

    10,068        11,112   

7.000%, 06/15/29

    2,152        2,211   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

7.000%, 09/15/29

    13,662      14,777   

7.000%, 01/15/31

    1,412        1,450   

7.000%, 03/15/31

    29,151        31,460   

7.000%, 07/15/31

    573,028        672,271   

7.000%, 08/15/31

    87,181        104,076   

7.000%, 02/15/32

    15,073        15,547   

7.000%, 07/15/32

    38,493        44,967   

7.500%, 08/15/29

    355        356   

7.500%, 04/15/30

    8,767        8,978   

8.000%, 08/15/26

    3,919        4,516   

8.000%, 09/15/26

    4,897        5,563   

8.000%, 05/15/27

    1,466        1,507   

8.000%, 06/15/29

    24,038        26,071   

9.000%, 11/15/24

    12,259        14,179   

Ginnie Mae II 30 Yr. Pool

   

3.000%, 12/20/42

    3,770,726        3,805,165   

3.000%, 03/20/43

    4,682,355        4,722,306   

3.500%, 12/20/41

    2,639,101        2,732,883   

3.500%, 03/20/42

    4,246,635        4,403,699   

3.500%, 08/20/42

    2,522,664        2,615,966   

3.500%, 01/20/43

    7,287,451        7,549,467   

3.500%, 04/20/43

    2,660,054        2,756,369   

3.500%, 07/20/44

    4,753,420        4,925,002   

4.000%, 11/20/40

    2,760,352        2,942,227   

4.000%, 12/20/40

    2,524,178        2,690,492   

4.000%, 05/20/43

    3,124,440        3,319,229   

4.000%, 11/20/43

    2,579,498        2,739,378   

4.000%, 02/20/44

    4,634,054        4,967,151   

4.000%, 04/20/44

    3,623,358        3,850,197   

4.000%, 05/20/44

    4,607,086        4,895,512   

4.500%, 08/20/40

    2,656,122        2,898,745   

4.500%, 12/20/40

    1,518,713        1,657,439   

4.500%, 04/20/41

    1,493,451        1,624,058   

4.500%, 03/20/42

    1,061,747        1,154,600   

4.500%, 10/20/43

    2,370,998        2,574,616   

4.500%, 02/20/44

    4,278,788        4,646,245   

5.000%, 08/20/40

    1,166,819        1,301,283   

5.000%, 10/20/40

    1,096,766        1,223,157   

6.500%, 06/20/31

    35,545        41,396   

6.500%, 11/20/38

    935,701        1,071,009   

7.500%, 02/20/28

    4,002        4,573   
   

 

 

 
      642,517,999   
   

 

 

 

Federal Agencies—4.6%

  

Federal Farm Credit Bank

   

4.875%, 12/16/15

    4,500,000        4,747,741   

Federal Home Loan Bank

   

0.375%, 06/24/16 (b)

    10,040,000        10,012,545   

4.875%, 05/17/17 (b)

    4,420,000        4,863,934   

5.375%, 05/18/16 (b)

    2,900,000        3,128,937   

Federal Home Loan Mortgage Corp.

   

0.875%, 03/07/18 (b)

    17,000,000        16,705,922   

1.250%, 10/02/19 (b)

    3,000,000        2,902,607   

1.375%, 05/01/20 (b)

    5,145,000        4,960,634   

 

MSF-8


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Federal Agencies—(Continued)

  

Federal Home Loan Mortgage Corp.

  

4.750%, 01/19/16 (b)

    2,850,000      $ 3,012,300   

5.125%, 11/17/17 (b)

    3,530,000        3,949,592   

5.625%, 11/23/35

    1,040,000        1,094,649   

Federal National Mortgage Association

   

0.500%, 03/30/16 (b)

    9,450,000        9,460,749   

0.875%, 05/21/18 (b)

    10,160,000        9,945,568   

4.875%, 12/15/16 (b)

    4,430,000        4,827,166   

5.375%, 07/15/16 (b)

    5,870,000        6,371,510   

5.375%, 06/12/17

    8,300,000        9,257,219   

6.625%, 11/15/30 (b)

    2,450,000        3,480,144   

Tennessee Valley Authority

   

5.250%, 09/15/39

    3,350,000        4,081,930   
   

 

 

 
      102,803,147   
   

 

 

 

U.S. Treasury—35.5%

  

U.S. Treasury Bonds

   

2.750%, 08/15/42 (b)

    2,020,000        1,850,966   

2.875%, 05/15/43 (b)

    4,760,000        4,459,025   

3.125%, 02/15/42 (b)

    1,800,000        1,782,540   

3.125%, 02/15/43 (b)

    3,270,000        3,222,519   

3.375%, 05/15/44 (b)

    3,000,000        3,096,960   

3.500%, 02/15/39

    2,080,000        2,212,829   

3.625%, 02/15/44

    10,120,000        10,937,190   

3.750%, 08/15/41 (b)

    1,830,000        2,031,959   

3.875%, 08/15/40 (b)

    10,380,000        11,750,367   

4.250%, 11/15/40 (b)

    7,280,000        8,744,081   

4.375%, 11/15/39 (b)

    3,900,000        4,758,663   

4.375%, 05/15/40 (b)

    5,220,000        6,382,964   

4.375%, 05/15/41

    5,850,000        7,176,253   

4.500%, 02/15/36 (b)

    5,675,000        7,006,071   

4.500%, 05/15/38 (b)

    4,950,000        6,120,526   

5.000%, 05/15/37 (b)

    2,760,000        3,642,565   

5.250%, 02/15/29 (b)

    750,000        966,090   

5.375%, 02/15/31

    3,075,000        4,070,562   

6.125%, 11/15/27

    5,750,000        7,902,627   

6.250%, 08/15/23 (b)

    7,700,000        10,077,144   

6.375%, 08/15/27 (b)

    2,800,000        3,917,704   

6.500%, 11/15/26

    1,000,000        1,399,500   

7.125%, 02/15/23 (b)

    11,125,000        15,186,070   

7.250%, 08/15/22 (b)

    6,120,000        8,324,975   

7.875%, 02/15/21 (b)

    4,450,000        6,000,336   

8.000%, 11/15/21 (b)

    2,920,000        4,040,988   

8.125%, 08/15/19 (b)

    2,645,000        3,437,072   

8.125%, 08/15/21 (b)

    1,250,000        1,729,850   

8.500%, 02/15/20 (b)

    6,700,000        8,983,092   

8.750%, 08/15/20 (b)

    1,000,000        1,376,780   

8.875%, 02/15/19 (b)

    10,215,000        13,364,386   

9.125%, 05/15/18 (b)

    1,600,000        2,041,648   

9.250%, 02/15/16 (b)

    1,375,000        1,543,149   

U.S. Treasury Notes

   

0.625%, 10/15/16 (b)

    9,970,000        9,965,813   

0.625%, 05/31/17 (b)

    5,000,000        4,956,400   

0.625%, 08/31/17 (b)

    21,700,000        21,412,476   

0.625%, 04/30/18

    5,000,000        4,868,050   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes

   

0.875%, 11/30/16 (b)

    23,800,000      23,889,250   

0.875%, 05/15/17 (b)

    10,000,000        9,986,500   

1.000%, 08/31/16

    11,820,000        11,916,216   

1.000%, 09/30/16 (b)

    35,670,000        35,938,951   

1.000%, 10/31/16 (b)

    7,010,000        7,059,911   

1.000%, 03/31/17

    7,850,000        7,873,629   

1.125%, 05/31/19 (b)

    12,300,000        11,966,055   

1.125%, 03/31/20 (b)

    5,100,000        4,887,024   

1.250%, 09/30/15 (b)

    7,750,000        7,834,708   

1.250%, 10/31/19 (b)

    5,130,000        4,990,515   

1.250%, 02/29/20 (b)

    25,800,000        24,932,604   

1.375%, 11/30/15

    19,400,000        19,661,900   

1.375%, 09/30/18

    12,890,000        12,809,695   

1.375%, 11/30/18 (b)

    15,000,000        14,873,250   

1.500%, 03/31/19 (b)

    31,870,000        31,622,370   

1.625%, 11/15/22 (b)

    5,000,000        4,725,850   

1.750%, 05/15/22 (b)

    4,900,000        4,711,399   

1.750%, 05/15/23 (b)

    6,420,000        6,085,133   

1.875%, 09/30/17 (b)

    15,900,000        16,255,524   

2.000%, 11/15/21 (b)

    10,950,000        10,779,180   

2.000%, 02/15/22

    3,800,000        3,731,752   

2.000%, 02/15/23

    6,900,000        6,695,346   

2.125%, 02/29/16 (b)

    4,790,000        4,912,576   

2.125%, 08/15/21 (b)

    8,710,000        8,667,060   

2.375%, 03/31/16 (b)

    20,560,000        21,180,088   

2.375%, 05/31/18

    31,000,000        32,065,469   

2.500%, 08/15/23 (b)

    14,400,000        14,483,953   

2.500%, 05/15/24

    7,000,000        7,004,270   

2.625%, 02/29/16 (b)

    2,510,000        2,592,152   

2.625%, 04/30/16

    17,800,000        18,422,821   

2.625%, 08/15/20 (b)

    6,000,000        6,203,040   

2.750%, 05/31/17 (b)

    9,840,000        10,304,153   

2.750%, 11/15/23 (b)

    5,085,000        5,211,871   

3.000%, 08/31/16 (b)

    8,350,000        8,736,187   

3.000%, 09/30/16 (b)

    18,100,000        18,958,665   

3.000%, 02/28/17

    14,980,000        15,761,057   

3.125%, 05/15/19

    3,000,000        3,188,310   

3.250%, 05/31/16 (b)

    8,230,000        8,612,613   

3.375%, 11/15/19 (b)

    4,350,000        4,684,384   

3.500%, 02/15/18 (b)

    4,000,000        4,290,400   

3.500%, 05/15/20

    7,790,000        8,443,970   

3.625%, 02/15/20

    17,190,000        18,741,226   

3.750%, 11/15/18

    4,550,000        4,947,989   

3.875%, 05/15/18 (b)

    4,700,000        5,115,856   

4.000%, 08/15/18 (b)

    9,620,000        10,539,479   

4.250%, 11/15/17

    4,700,000        5,145,560   

4.500%, 11/15/15 (b)

    8,950,000        9,382,106   

4.500%, 02/15/16

    4,520,000        4,780,623   

4.625%, 02/15/17 (b)

    8,475,000        9,235,377   

4.875%, 08/15/16 (b)

    8,330,000        8,998,316   

5.125%, 05/15/16

    4,830,000        5,197,370   
   

 

 

 
      789,773,893   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $1,485,686,194)

      1,535,095,039   
   

 

 

 

 

MSF-9


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—25.1%

 

Security Description   Principal
Amount*
    Value  

Aerospace/Defense—0.4%

  

Boeing Co. (The)

   

7.250%, 06/15/25

    460,000      $ 605,195   

Lockheed Martin Corp.

   

6.150%, 09/01/36 (b)

    1,700,000        2,119,705   

Northrop Grumman Systems Corp.

   

7.750%, 02/15/31

    515,000        701,934   

Raytheon Co.

   

3.125%, 10/15/20

    1,000,000        1,020,702   

United Technologies Corp.

   

4.500%, 06/01/42

    2,645,000        2,740,840   

4.875%, 05/01/15

    900,000        923,550   

7.500%, 09/15/29

    200,000        279,638   
   

 

 

 
      8,391,564   
   

 

 

 

Agriculture—0.2%

   

Altria Group, Inc.

   

9.700%, 11/10/18

    750,000        961,914   

Archer-Daniels-Midland Co.

   

4.479%, 03/01/21

    2,000,000        2,194,862   

Philip Morris International, Inc.

   

4.500%, 03/26/20 (b)

    925,000        1,015,285   
   

 

 

 
      4,172,061   
   

 

 

 

Auto Manufacturers—0.2%

   

Daimler Finance North America LLC

   

8.500%, 01/18/31

    1,050,000        1,569,974   

Ford Motor Co.

   

7.450%, 07/16/31

    2,200,000        2,910,721   
   

 

 

 
      4,480,695   
   

 

 

 

Banks—5.5%

   

American Express Centurion Bank

   

0.875%, 11/13/15

    3,000,000        3,002,267   

Bank of America Corp.

   

3.300%, 01/11/23

    4,075,000        3,957,073   

4.100%, 07/24/23

    2,905,000        2,956,825   

5.750%, 08/15/16

    2,850,000        3,072,366   

5.875%, 02/07/42

    3,000,000        3,536,653   

6.500%, 08/01/16

    1,750,000        1,909,714   

6.500%, 07/15/18

    200,000        228,658   

Bank of New York Mellon Corp. (The)

   

5.450%, 05/15/19

    2,000,000        2,259,664   

Bank of Nova Scotia

   

2.050%, 10/30/18 (b)

    3,480,000        3,469,088   

Barclays Bank plc

   

5.000%, 09/22/16

    1,750,000        1,879,876   

BB&T Corp.

   

3.200%, 03/15/16

    1,865,000        1,919,166   

BNP Paribas S.A.

   

5.000%, 01/15/21 (b)

    3,225,000        3,570,844   

Capital One Financial Corp.

   

6.750%, 09/15/17 (b)

    1,200,000        1,369,920   

Citigroup, Inc.

   

5.375%, 08/09/20

    2,200,000        2,468,488   

5.850%, 08/02/16 (b)

    500,000        540,309   

Banks—(Continued)

  

Citigroup, Inc.

   

6.125%, 11/21/17 (b)

    1,700,000      1,914,601   

6.125%, 05/15/18

    1,900,000        2,148,980   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

   

5.250%, 05/24/41

    3,640,000        4,051,971   

Credit Suisse

   

4.375%, 08/05/20

    2,611,000        2,800,545   

Deutsche Bank AG

   

6.000%, 09/01/17

    1,500,000        1,676,029   

Fifth Third Bancorp

   

8.250%, 03/01/38

    1,175,000        1,712,158   

Goldman Sachs Group, Inc. (The)

   

3.625%, 02/07/16 (b)

    2,825,000        2,921,582   

6.000%, 06/15/20

    2,000,000        2,292,011   

6.125%, 02/15/33

    2,075,000        2,483,170   

6.250%, 09/01/17

    760,000        852,024   

6.450%, 05/01/36

    2,000,000        2,306,205   

HSBC Holdings plc

   

5.100%, 04/05/21

    2,556,000        2,869,933   

6.500%, 09/15/37

    905,000        1,109,647   

JPMorgan Chase & Co.

   

3.250%, 09/23/22

    2,850,000        2,808,828   

4.950%, 03/25/20

    2,650,000        2,926,329   

6.300%, 04/23/19 (b)

    1,900,000        2,197,790   

JPMorgan Chase Bank N.A.

   

6.000%, 10/01/17

    2,700,000        3,021,512   

KFW

   

1.000%, 06/11/18

    3,536,000        3,473,375   

1.250%, 02/15/17 (b)

    3,000,000        3,026,629   

2.375%, 08/25/21 (b)

    1,945,000        1,953,222   

2.625%, 02/16/16

    2,791,000        2,875,207   

2.750%, 09/08/20

    2,300,000        2,381,801   

4.875%, 01/17/17

    2,900,000        3,161,909   

Lloyds Bank plc

   

6.375%, 01/21/21

    1,500,000        1,789,871   

Morgan Stanley

   

5.625%, 09/23/19

    1,900,000        2,133,642   

7.250%, 04/01/32

    1,850,000        2,460,295   

7.300%, 05/13/19

    2,460,000        2,938,486   

PNC Bank N.A.

   

4.875%, 09/21/17

    1,000,000        1,090,184   

5.250%, 01/15/17 (b)

    1,600,000        1,736,061   

Royal Bank of Canada

   

2.150%, 03/15/19 (b)

    3,915,000        3,919,876   

State Street Bank and Trust Co.

   

5.300%, 01/15/16

    300,000        317,325   

SunTrust Banks, Inc.

   

3.600%, 04/15/16

    1,450,000        1,505,274   

Wachovia Corp.

   

5.750%, 06/15/17

    700,000        778,417   

Wells Fargo & Co.

   

3.676%, 06/15/16

    2,775,000        2,904,786   

5.000%, 11/15/14

    2,000,000        2,010,688   

Wells Fargo Bank N.A.

   

5.950%, 08/26/36

    1,900,000        2,324,906   

 

MSF-10


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Westpac Banking Corp.

   

3.000%, 12/09/15

    2,000,000      $ 2,054,675   
   

 

 

 
      121,070,855   
   

 

 

 

Beverages—0.5%

   

Anheuser-Busch Cos. LLC

   

6.450%, 09/01/37

    880,000        1,118,568   

Coca-Cola Co. (The)

   

3.150%, 11/15/20 (b)

    280,000        290,906   

3.200%, 11/01/23

    3,000,000        2,997,909   

Diageo Finance B.V.

   

5.300%, 10/28/15

    870,000        913,391   

Pepsi Bottling Group, Inc. (The)

   

7.000%, 03/01/29 (b)

    300,000        397,527   

PepsiCo, Inc.

   

3.600%, 03/01/24 (b)

    3,975,000        4,050,173   

5.000%, 06/01/18 (b)

    1,000,000        1,111,883   
   

 

 

 
      10,880,357   
   

 

 

 

Biotechnology—0.1%

   

Amgen, Inc.

   

5.700%, 02/01/19

    850,000        962,869   

6.150%, 06/01/18

    1,650,000        1,882,678   
   

 

 

 
      2,845,547   
   

 

 

 

Building Materials—0.0%

   

CRH America, Inc.

   

6.000%, 09/30/16

    900,000        981,507   
   

 

 

 

Chemicals—0.5%

   

Dow Chemical Co. (The)

   

4.250%, 11/15/20

    2,750,000        2,933,762   

9.400%, 05/15/39

    650,000        1,028,493   

E. I. du Pont de Nemours & Co.

   

5.600%, 12/15/36

    1,000,000        1,155,671   

6.000%, 07/15/18

    1,000,000        1,148,359   

Potash Corp. of Saskatchewan, Inc.

   

4.875%, 03/30/20 (b)

    970,000        1,080,759   

Praxair, Inc.

   

3.000%, 09/01/21

    3,950,000        3,997,149   
   

 

 

 
      11,344,193   
   

 

 

 

Computers—0.5%

   

Apple, Inc.

   

2.400%, 05/03/23

    2,072,000        1,957,524   

4.450%, 05/06/44

    2,944,000        3,000,000   

Hewlett-Packard Co.

   

5.500%, 03/01/18

    1,950,000        2,179,045   

International Business Machines Corp.

   

4.000%, 06/20/42 (b)

    3,200,000        3,067,711   

8.375%, 11/01/19 (b)

    425,000        547,936   
   

 

 

 
      10,752,216   
   

 

 

 

Cosmetics/Personal Care—0.2%

   

Procter & Gamble Co. (The)

   

2.300%, 02/06/22 (b)

    3,600,000      3,509,567   

6.450%, 01/15/26

    200,000        258,115   
   

 

 

 
      3,767,682   
   

 

 

 

Diversified Financial Services—1.0%

   

Associates Corp. of North America

   

6.950%, 11/01/18

    1,700,000        1,986,087   

Bear Stearns Cos. LLC (The)

   

5.700%, 11/15/14

    900,000        901,850   

BlackRock, Inc.

   

3.500%, 12/10/14

    1,500,000        1,508,883   

General Electric Capital Corp.

   

5.300%, 02/11/21 (b)

    1,915,000        2,160,149   

5.400%, 02/15/17

    2,000,000        2,191,509   

5.500%, 01/08/20 (b)

    3,360,000        3,843,840   

5.875%, 01/14/38

    2,050,000        2,465,667   

6.750%, 03/15/32

    1,250,000        1,638,752   

7.500%, 08/21/35

    100,000        139,579   

HSBC Finance Corp.

   

5.500%, 01/19/16

    900,000        950,757   

National Rural Utilities Cooperative Finance Corp.

   

10.375%, 11/01/18

    2,900,000        3,823,508   

Nomura Holdings, Inc.

   

6.700%, 03/04/20 (b)

    1,325,000        1,569,420   
   

 

 

 
      23,180,001   
   

 

 

 

Electric—2.0%

  

CenterPoint Energy Houston Electric LLC

   

4.500%, 04/01/44

    3,800,000        4,006,505   

Consolidated Edison Co. of New York, Inc.

   

3.950%, 03/01/43

    3,070,000        2,896,984   

5.850%, 04/01/18 (b)

    855,000        967,892   

Duke Energy Carolinas LLC

   

5.300%, 02/15/40

    2,000,000        2,332,582   

Exelon Corp.

   

5.625%, 06/15/35

    1,500,000        1,660,072   

Florida Power & Light Co.

   

5.950%, 02/01/38

    1,700,000        2,138,162   

Georgia Power Co.

   

5.700%, 06/01/17

    1,400,000        1,552,028   

Hydro-Quebec

   

7.500%, 04/01/16

    1,350,000        1,478,470   

8.400%, 01/15/22

    1,000,000        1,315,116   

Nisource Finance Corp.

   

4.800%, 02/15/44

    4,000,000        4,046,739   

Northern States Power Co.

   

6.250%, 06/01/36

    2,200,000        2,835,443   

Ohio Power Co.

   

5.375%, 10/01/21 (b)

    1,640,000        1,891,139   

Oncor Electric Delivery Co. LLC

   

7.000%, 05/01/32

    950,000        1,292,002   

Pacific Gas & Electric Co.

   

5.400%, 01/15/40

    3,320,000        3,792,852   

 

MSF-11


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Electric—(Continued)

  

PacifiCorp

   

2.950%, 02/01/22

    2,800,000      $ 2,825,252   

PPL Capital Funding, Inc.

   

3.400%, 06/01/23 (b)

    4,000,000        3,944,076   

Progress Energy, Inc.

   

5.625%, 01/15/16

    1,900,000        2,015,345   

PSEG Power LLC

   

8.625%, 04/15/31

    1,000,000        1,432,447   

Southern California Edison Co.

   

5.000%, 01/15/16

    1,500,000        1,581,866   
   

 

 

 
      44,004,972   
   

 

 

 

Electronics—0.3%

  

Honeywell International, Inc.

   

5.000%, 02/15/19

    2,000,000        2,229,478   

Koninklijke Philips NV

   

5.750%, 03/11/18

    900,000        1,012,410   

Thermo Fisher Scientific, Inc.

   

4.150%, 02/01/24 (b)

    3,445,000        3,561,311   
   

 

 

 
      6,803,199   
   

 

 

 

Environmental Control—0.1%

  

Waste Management, Inc.

   

7.000%, 07/15/28

    1,265,000        1,634,542   
   

 

 

 

Food—0.7%

  

ConAgra Foods, Inc.

   

5.819%, 06/15/17

    1,000,000        1,105,137   

General Mills, Inc.

   

5.650%, 02/15/19

    1,700,000        1,935,516   

Kroger Co. (The)

   

3.300%, 01/15/21

    3,900,000        3,953,687   

Mondelez International, Inc.

   

4.125%, 02/09/16 (b)

    2,200,000        2,291,196   

5.375%, 02/10/20

    1,800,000        2,023,312   

Safeway, Inc.

   

7.250%, 02/01/31 (b)

    813,000        791,659   

Sysco Corp.

   

2.600%, 06/12/22 (b)

    2,400,000        2,301,005   

Unilever Capital Corp.

   

5.900%, 11/15/32 (b)

    1,500,000        1,966,891   
   

 

 

 
      16,368,403   
   

 

 

 

Forest Products & Paper—0.2%

  

Georgia-Pacific LLC

   

8.000%, 01/15/24

    1,800,000        2,395,444   

International Paper Co.

   

7.950%, 06/15/18

    820,000        979,412   
   

 

 

 
      3,374,856   
   

 

 

 

Gas—0.0%

  

Sempra Energy

   

6.150%, 06/15/18

    900,000        1,027,170   
   

 

 

 

Healthcare-Products—0.1%

  

Baxter International, Inc.

   

5.375%, 06/01/18 (b)

    1,400,000      1,552,561   
   

 

 

 

Healthcare-Services—0.4%

  

Aetna, Inc.

   

2.750%, 11/15/22

    3,000,000        2,871,069   

Laboratory Corp. of America Holdings

   

4.625%, 11/15/20 (b)

    1,900,000        2,009,434   

UnitedHealth Group, Inc.

   

5.375%, 03/15/16

    1,700,000        1,813,429   

WellPoint, Inc.

   

5.850%, 01/15/36

    1,800,000        2,096,470   
   

 

 

 
      8,790,402   
   

 

 

 

Household Products/Wares—0.0%

  

Kimberly-Clark Corp.

   

6.125%, 08/01/17

    500,000        564,827   
   

 

 

 

Insurance—1.0%

  

ACE INA Holdings, Inc.

   

3.350%, 05/15/24

    4,000,000        3,980,796   

Aflac, Inc.

   

3.625%, 06/15/23

    2,975,000        3,000,653   

Allstate Corp. (The)

   

6.900%, 05/15/38

    150,000        206,720   

7.450%, 05/16/19

    1,700,000        2,079,432   

American International Group, Inc.

   

5.450%, 05/18/17

    1,900,000        2,089,838   

5.850%, 01/16/18

    1,800,000        2,023,902   

AXA S.A.

   

8.600%, 12/15/30 (b)

    1,165,000        1,561,100   

Berkshire Hathaway, Inc.

   

1.900%, 01/31/17

    2,900,000        2,952,019   

Chubb Corp. (The)

   

6.000%, 05/11/37

    865,000        1,090,084   

Hartford Financial Services Group, Inc.

   

6.100%, 10/01/41 (b)

    780,000        956,364   

Prudential Financial, Inc.

   

5.700%, 12/14/36

    1,525,000        1,743,968   
   

 

 

 
      21,684,876   
   

 

 

 

Iron/Steel—0.1%

  

Vale Overseas, Ltd.

   

6.875%, 11/21/36

    1,100,000        1,235,154   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

Caterpillar, Inc.

   

7.900%, 12/15/18

    1,757,000        2,150,717   
   

 

 

 

Machinery-Diversified—0.1%

  

Deere & Co.

   

2.600%, 06/08/22

    1,950,000        1,893,017   
   

 

 

 

 

MSF-12


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—1.2%

  

21st Century Fox America, Inc.

   

6.550%, 03/15/33

    1,950,000      $ 2,432,021   

Comcast Corp.

   

4.650%, 07/15/42

    3,670,000        3,813,025   

5.650%, 06/15/35

    1,500,000        1,776,789   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.

   

5.000%, 03/01/21

    2,600,000        2,866,504   

Discovery Communications LLC

   

6.350%, 06/01/40

    1,800,000        2,132,904   

Thomson Reuters Corp.

   

6.500%, 07/15/18 (b)

    800,000        922,459   

Time Warner Cable, Inc.

   

5.000%, 02/01/20

    1,900,000        2,107,624   

5.850%, 05/01/17

    1,800,000        1,995,819   

6.550%, 05/01/37

    100,000        125,164   

Time Warner Entertainment Co. L.P.

   

8.375%, 03/15/23

    380,000        504,427   

Time Warner, Inc.

   

6.100%, 07/15/40

    925,000        1,078,159   

7.700%, 05/01/32 (b)

    685,000        940,613   

Viacom, Inc.

   

4.375%, 03/15/43

    3,500,000        3,177,093   

6.250%, 04/30/16

    770,000        832,760   

Walt Disney Co. (The)

   

2.750%, 08/16/21

    1,930,000        1,943,395   
   

 

 

 
      26,648,756   
   

 

 

 

Mining—0.5%

  

Barrick North America Finance LLC

   

4.400%, 05/30/21

    3,125,000        3,177,447   

Freeport-McMoRan, Inc.

   

3.550%, 03/01/22 (b)

    3,700,000        3,615,178   

Newmont Mining Corp.

   

6.250%, 10/01/39 (b)

    1,800,000        1,810,202   

Rio Tinto Alcan, Inc.

   

6.125%, 12/15/33

    1,751,000        2,087,716   
   

 

 

 
      10,690,543   
   

 

 

 

Miscellaneous Manufacturing—0.2%

  

General Electric Co.

   

5.250%, 12/06/17

    1,800,000        1,999,474   

Tyco Electronics Group S.A.

   

6.550%, 10/01/17

    1,600,000        1,823,110   

Tyco International Finance S.A / Tyco International, Ltd.

   

6.875%, 01/15/21 (b)

    1,275,000        1,512,873   
   

 

 

 
      5,335,457   
   

 

 

 

Multi-National—1.4%

  

Asian Development Bank

   

5.500%, 06/27/16

    3,850,000        4,174,933   

European Bank for Reconstruction & Development

   

1.000%, 06/15/18 (b)

    3,564,000        3,499,429   
Security Description   Principal
Amount*
    Value  

Multi-National—(Continued)

  

European Investment Bank

   

1.625%, 06/15/17 (b)

    1,975,000      $ 2,005,401   

4.000%, 02/16/21

    1,700,000        1,880,568   

4.875%, 02/15/36

    3,700,000        4,528,562   

5.125%, 05/30/17

    1,750,000        1,935,950   

Inter-American Development Bank

   

2.375%, 08/15/17

    2,000,000        2,070,882   

6.800%, 10/15/25

    500,000        667,418   

7.000%, 06/15/25

    200,000        267,360   

International Bank for Reconstruction & Development

   

2.375%, 05/26/15 (b)

    1,420,000        1,440,434   

7.625%, 01/19/23

    2,970,000        4,112,603   

8.875%, 03/01/26

    535,000        815,615   

International Finance Corp.

   

1.750%, 09/04/18

    2,975,000        2,991,858   
   

 

 

 
      30,391,013   
   

 

 

 

Office/Business Equipment—0.1%

  

Xerox Corp.

   

6.350%, 05/15/18

    2,550,000        2,916,388   
   

 

 

 

Oil & Gas—1.5%

  

Anadarko Petroleum Corp.

   

6.375%, 09/15/17

    2,445,000        2,764,941   

Apache Finance Canada Corp.

   

7.750%, 12/15/29

    300,000        418,403   

BP Capital Markets plc

   

3.245%, 05/06/22

    3,900,000        3,875,579   

Canadian Natural Resources, Ltd.

   

6.250%, 03/15/38

    1,800,000        2,177,896   

Chevron Corp.

   

3.191%, 06/24/23 (b)

    3,025,000        3,047,917   

ConocoPhillips Canada Funding Co. I

   

5.950%, 10/15/36

    1,550,000        1,928,385   

ConocoPhillips Holding Co.

   

6.950%, 04/15/29

    700,000        932,546   

Devon Energy Corp.

   

6.300%, 01/15/19

    850,000        983,157   

Hess Corp.

   

8.125%, 02/15/19

    3,130,000        3,843,045   

Marathon Oil Corp.

   

6.600%, 10/01/37

    2,000,000        2,496,434   

Petrobras International Finance Co.

   

6.125%, 10/06/16

    600,000        645,429   

Shell International Finance B.V.

   

4.300%, 09/22/19

    1,000,000        1,095,456   

Statoil ASA

   

6.700%, 01/15/18

    300,000        347,454   

Suncor Energy, Inc.

   

6.100%, 06/01/18

    2,500,000        2,855,758   

Total Capital International S.A.

   

2.700%, 01/25/23

    3,000,000        2,885,050   

Transocean, Inc.

   

6.375%, 12/15/21 (b)

    2,035,000        2,153,345   

 

MSF-13


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

XTO Energy, Inc.

   

6.500%, 12/15/18

    1,600,000      $ 1,895,333   
   

 

 

 
      34,346,128   
   

 

 

 

Oil & Gas Services—0.2%

  

Weatherford International, Ltd.

   

4.500%, 04/15/22

    2,300,000        2,400,431   

9.625%, 03/01/19

    1,500,000        1,920,283   
   

 

 

 
      4,320,714   
   

 

 

 

Pharmaceuticals—1.1%

  

Abbott Laboratories

   

5.125%, 04/01/19

    1,073,000        1,198,938   

AbbVie, Inc.

   

4.400%, 11/06/42

    3,200,000        3,001,153   

AstraZeneca plc

   

4.000%, 09/18/42

    5,200,000        4,823,674   

Bristol-Myers Squibb Co.

   

5.875%, 11/15/36 (b)

    2,000,000        2,451,485   

Express Scripts Holding Co.

   

6.125%, 11/15/41

    1,520,000        1,835,389   

GlaxoSmithKline Capital, Inc.

   

6.375%, 05/15/38

    2,100,000        2,685,252   

Johnson & Johnson

   

5.950%, 08/15/37

    910,000        1,173,443   

6.950%, 09/01/29

    250,000        350,318   

Merck & Co., Inc.

   

6.550%, 09/15/37

    1,000,000        1,321,762   

Merck Sharp & Dohme Corp.

   

5.950%, 12/01/28

    300,000        369,814   

Novartis Capital Corp.

   

4.400%, 04/24/20

    900,000        991,715   

Sanofi

   

4.000%, 03/29/21 (b)

    2,775,000        2,978,534   

Wyeth LLC

   

5.500%, 02/15/16

    1,700,000        1,815,920   
   

 

 

 
      24,997,397   
   

 

 

 

Pipelines—0.8%

  

El Paso Natural Gas Co. LLC

   

8.375%, 06/15/32

    220,000        284,898   

Energy Transfer Partners L.P.

   

4.650%, 06/01/21

    1,950,000        2,057,374   

Enterprise Products Operating LLC

   

6.300%, 09/15/17

    1,900,000        2,152,767   

Kinder Morgan Energy Partners L.P.

   

6.500%, 02/01/37

    2,000,000        2,220,759   

Plains All American Pipeline L.P. / PAA Finance Corp.

   

6.500%, 05/01/18 (b)

    2,485,000        2,861,357   

Tennessee Gas Pipeline Co. LLC

   

7.000%, 10/15/28

    1,050,000        1,286,536   

7.625%, 04/01/37

    640,000        818,736   

TransCanada PipeLines, Ltd.

   

6.200%, 10/15/37

    1,800,000        2,161,669   

Pipelines—(Continued)

  

Williams Partners L.P.

   

5.250%, 03/15/20

    3,575,000      3,961,710   
   

 

 

 
      17,805,806   
   

 

 

 

Real Estate—0.0%

  

Regency Centers L.P.

   

5.250%, 08/01/15

    850,000        881,468   
   

 

 

 

Real Estate Investment Trusts—0.5%

  

AvalonBay Communities, Inc.

   

6.100%, 03/15/20

    860,000        997,905   

Boston Properties L.P.

   

3.850%, 02/01/23

    2,950,000        3,009,893   

ERP Operating L.P.

   

5.750%, 06/15/17

    900,000        997,796   

HCP, Inc.

   

5.375%, 02/01/21

    2,591,000        2,891,622   

Kimco Realty Corp.

   

6.875%, 10/01/19

    550,000        652,472   

Simon Property Group L.P.

   

5.250%, 12/01/16

    2,000,000        2,158,543   
   

 

 

 
      10,708,231   
   

 

 

 

Retail—0.8%

  

Costco Wholesale Corp.

   

5.500%, 03/15/17

    465,000        511,953   

CVS Health Corp.

   

2.250%, 12/05/18

    3,930,000        3,936,028   

Home Depot, Inc. (The)

   

4.400%, 04/01/21

    1,450,000        1,599,827   

5.400%, 03/01/16

    900,000        958,636   

Lowe’s Cos., Inc.

   

6.875%, 02/15/28

    1,000,000        1,262,238   

McDonald’s Corp.

   

5.350%, 03/01/18

    885,000        988,629   

Target Corp.

   

6.350%, 11/01/32

    1,000,000        1,252,177   

Wal-Mart Stores, Inc.

   

2.550%, 04/11/23

    4,000,000        3,833,701   

5.250%, 09/01/35

    935,000        1,077,110   

5.625%, 04/15/41

    1,900,000        2,294,388   

Walgreen Co.

   

5.250%, 01/15/19

    900,000        997,306   
   

 

 

 
      18,711,993   
   

 

 

 

Semiconductors—0.1%

  

Intel Corp.

   

2.700%, 12/15/22 (b)

    2,000,000        1,938,325   
   

 

 

 

Software—0.5%

  

Adobe Systems, Inc.

   

4.750%, 02/01/20 (b)

    2,200,000        2,412,180   

Microsoft Corp.

   

4.200%, 06/01/19 (b)

    2,700,000        2,964,548   

 

MSF-14


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Software—(Continued)

  

Oracle Corp.

   

2.375%, 01/15/19 (b)

    3,885,000      $ 3,925,279   

5.250%, 01/15/16

    2,000,000        2,118,759   
   

 

 

 
      11,420,766   
   

 

 

 

Telecommunications—1.7%

  

America Movil S.A.B. de C.V.

   

2.375%, 09/08/16

    2,875,000        2,937,404   

AT&T Mobility LLC

   

7.125%, 12/15/31

    100,000        132,272   

AT&T, Inc.

   

5.500%, 02/01/18

    3,500,000        3,910,976   

5.800%, 02/15/19

    1,700,000        1,946,826   

6.300%, 01/15/38

    1,300,000        1,533,849   

British Telecommunications plc

   

9.625%, 12/15/30

    1,000,000        1,567,177   

Cellco Partnership / Verizon Wireless Capital LLC

  

 

8.500%, 11/15/18

    333,000        413,289   

Cisco Systems, Inc.

   

5.500%, 01/15/40 (b)

    2,000,000        2,325,068   

Deutsche Telekom International Finance B.V.

   

5.750%, 03/23/16

    460,000        491,783   

8.750%, 06/15/30

    1,000,000        1,449,689   

Orange S.A.

   

2.750%, 09/14/16

    2,857,000        2,940,150   

Rogers Communications, Inc.

   

6.800%, 08/15/18

    800,000        934,866   

Telefonica Emisiones S.A.U.

   

6.221%, 07/03/17

    1,400,000        1,561,294   

Verizon Communications, Inc.

   

4.600%, 04/01/21

    2,400,000        2,606,241   

5.150%, 09/15/23

    3,510,000        3,872,761   

6.100%, 04/15/18

    1,600,000        1,824,185   

6.550%, 09/15/43

    3,304,000        4,097,739   

Verizon New York, Inc.

   

7.375%, 04/01/32

    500,000        613,799   

Vodafone Group plc

   

6.150%, 02/27/37

    2,170,000        2,479,958   
   

 

 

 
      37,639,326   
   

 

 

 

Transportation—0.3%

  

CSX Corp.

   

6.150%, 05/01/37

    1,600,000        1,957,556   

7.900%, 05/01/17

    500,000        579,701   

Norfolk Southern Corp.

   

3.000%, 04/01/22

    1,911,000        1,887,116   

5.590%, 05/17/25

    28,000        32,061   

Union Pacific Corp.

   

6.625%, 02/01/29

    1,200,000        1,542,752   

United Parcel Service, Inc.

   

5.125%, 04/01/19

    760,000        856,122   
   

 

 

 
      6,855,308   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $539,168,132)

      558,558,993   
   

 

 

 
Foreign Government—2.0%   
Security Description   Principal
Amount*
    Value  

Banks—0.1%

   

Oesterreichische Kontrollbank AG

   

1.625%, 03/12/19 (b)

    3,025,000      $ 3,007,459   
   

 

 

 

Provincial—0.5%

  

Province of British Columbia

   

2.000%, 10/23/22

    1,970,000        1,883,448   

Province of Nova Scotia

   

5.125%, 01/26/17

    900,000        983,636   

9.250%, 03/01/20

    250,000        329,324   

Province of Ontario

   

2.450%, 06/29/22 (b)

    4,000,000        3,912,164   

4.400%, 04/14/20 (b)

    2,100,000        2,330,811   

Province of Quebec

   

7.500%, 07/15/23

    350,000        462,631   
   

 

 

 
      9,902,014   
   

 

 

 

Sovereign—1.4%

  

Brazilian Government International Bonds

   

6.000%, 01/17/17

    3,755,000        4,092,950   

7.125%, 01/20/37

    1,650,000        2,037,750   

Colombia Government International Bond

   

8.125%, 05/21/24

    1,500,000        1,983,750   

Italy Government International Bond

   

4.500%, 01/21/15

    1,475,000        1,492,228   

Mexico Government International Bonds

   

5.750%, 10/12/10

    4,100,000        4,296,800   

6.750%, 09/27/34

    1,050,000        1,338,750   

8.000%, 09/24/22 (b)

    2,200,000        2,937,000   

Panama Government International Bond

   

5.200%, 01/30/20

    1,370,000        1,507,000   

Peruvian Government International Bond

   

8.750%, 11/21/33

    1,450,000        2,222,125   

Philippine Government International Bond

   

5.000%, 01/13/37

    1,740,000        1,933,575   

Republic of Korea

   

7.125%, 04/16/19

    1,600,000        1,940,301   

Turkey Government International Bonds

   

3.250%, 03/23/23

    2,350,000        2,112,650   

6.250%, 09/26/22

    1,607,000        1,768,037   

7.375%, 02/05/25 (b)

    1,473,000        1,751,147   
   

 

 

 
      31,414,063   
   

 

 

 

Total Foreign Government
(Cost $43,459,741)

      44,323,536   
   

 

 

 
Mortgage-Backed Securities—1.7%   

Commercial Mortgage-Backed Securities—1.7%

  

Bear Stearns Commercial Mortgage Securities Trust

   

5.540%, 09/11/41

    955,843        1,015,319   

5.694%, 06/11/50 (a)

    1,500,000        1,643,045   

Citigroup / Deutsche Bank Commercial Mortgage Trust

   

5.400%, 07/15/44 (a)

    1,901,826        1,953,365   

 

MSF-15


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Citigroup Commercial Mortgage Trust

   

4.733%, 10/15/41

    152,335      $ 152,278   

5.431%, 10/15/49

    1,500,000        1,603,799   

5.974%, 03/15/49 (a)

    1,682,518        1,776,735   

Commercial Mortgage Trust

   

5.989%, 12/10/49 (a)

    2,400,000        2,645,168   

Freddie Mac Multifamily Structured Pass-Through Certificates

   

2.902%, 08/25/20

    2,634,044        2,730,134   

3.060%, 07/25/23 (a)

    4,800,000        4,853,088   

GMAC Commercial Mortgage Securities, Inc.

   

4.697%, 05/10/43

    1,500,000        1,519,431   

GS Mortgage Securities Corp. II

   

4.751%, 07/10/39

    1,870,423        1,884,829   

GS Mortgage Securities Trust

   

3.377%, 05/10/45

    2,750,000        2,805,089   

4.243%, 08/10/46

    966,000        1,035,636   

JPMorgan Chase Commercial Mortgage Securities Trust

   

5.420%, 01/15/49

    2,365,347        2,548,329   

5.440%, 06/12/47

    860,537        926,412   

LB-UBS Commercial Mortgage Trust

   

5.156%, 02/15/31

    2,500,000        2,587,870   

Merrill Lynch Mortgage Trust

   

4.855%, 10/12/41 (a)

    12,849        12,841   

Morgan Stanley Capital I Trust

   

4.989%, 08/13/42

    1,000,000        1,010,743   

5.831%, 06/11/42 (a)

    2,000,000        2,193,121   

6.105%, 06/11/49 (a)

    1,391,372        1,529,836   

WF-RBS Commercial Mortgage Trust

   

3.488%, 06/15/46

    1,054,000        1,049,851   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $36,623,730)

      37,476,919   
   

 

 

 
Municipals—0.7%   

Los Angeles Community College District, Build America Bonds

   

6.750%, 08/01/49

    2,210,000        3,160,676   

Los Angeles, Unified School District, Build America Bonds

   

6.758%, 07/01/34

    2,160,000        2,891,894   

Municipal Electric Authority of Georgia, Build America Bonds

   

6.637%, 04/01/57

    2,000,000        2,508,280   

Oregon School Boards Association, Build America Bonds

   

5.680%, 06/30/28

    1,900,000        2,216,768   

State of California, Build America Bonds

   

7.300%, 10/01/39

    2,000,000        2,795,300   

State of Illinois, Build America Bonds

   

5.100%, 06/01/33

    1,230,000        1,194,392   
   

 

 

 

Total Municipals
(Cost $12,083,954)

      14,767,310   
   

 

 

 
Asset-Backed Securities—0.5%   
Security Description  

Shares/

Principal
Amount*

    Value  

Asset-Backed - Automobile—0.2%

   

CarMax Auto Owner Trust

   

0.970%, 04/16/18

    3,145,000      3,154,150   

Honda Auto Receivables Owner Trust

   

0.770%, 05/15/17

    355,000        355,572   
   

 

 

 
      3,509,722   
   

 

 

 

Asset-Backed - Credit Card—0.3%

  

Citibank Credit Card Issuance Trust

   

2.880%, 01/23/23

    4,924,000        5,007,086   

4.850%, 03/10/17

    2,500,000        2,549,605   
   

 

 

 
      7,556,691   
   

 

 

 

Asset-Backed - Home Equity—0.0%

  

Centex Home Equity Loan Trust

   

4.250%, 12/25/31

    54,794        54,877   
   

 

 

 

Total Asset-Backed Securities
(Cost $11,410,074)

      11,121,290   
   

 

 

 
Short-Term Investments—24.8%   

Discount Notes—0.3%

   

Federal Home Loan Bank

   

0.002%, 10/02/14 (c)

    300,000        300,000   

0.002%, 10/22/14 (c)

    200,000        200,000   

0.005%, 10/29/14 (c)

    1,400,000        1,399,995   

0.079%, 11/14/14 (c)

    1,200,000        1,199,883   

Federal Home Loan Mortgage Corp.

   

0.010%, 10/17/14 (c)

    2,800,000        2,799,987   

Federal National Mortgage Association

   

0.019%, 12/24/14 (c)

    800,000        799,964   
   

 

 

 
      6,699,829   
   

 

 

 

Mutual Fund—24.3%

   

State Street Navigator Securities Lending MET Portfolio (d)

    539,469,594        539,469,594   
   

 

 

 

U.S. Treasury—0.2%

   

U.S. Treasury Bill

   

0.027%, 11/13/14 (b) (c)

    3,700,000        3,699,881   
   

 

 

 

Total Short-Term Investments
(Cost $549,869,304)

      549,869,304   
   

 

 

 

Total Investments—123.8%
(Cost $2,678,301,129) (e)

      2,751,212,391   

Other assets and liabilities (net)—(23.8)%

      (528,225,295
   

 

 

 
Net Assets—100.0%     $ 2,222,987,096   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Variable or floating rate security. The stated rate represents the rate at September 30, 2014. Maturity date shown for callable securities reflects the earliest possible call date.

 

MSF-16


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $563,813,027 and the collateral received consisted of cash in the amount of $539,469,594 and non-cash collateral with a value of $40,308,609. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) The rate shown represents current yield to maturity.
(d) Represents investment of cash collateral received from securities lending transactions.
(e) As of September 30, 2014, the aggregate cost of investments was $2,678,301,129. The aggregate unrealized appreciation and depreciation of investments were $100,664,518 and $(27,753,256), respectively, resulting in net unrealized appreciation of $72,911,262.
(ACES)— Alternative Credit Enhancement Securities.
(ARM)— Adjustable-Rate Mortgage

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —         $ 1,535,095,039      $ —         $ 1,535,095,039   

Total Corporate Bonds & Notes*

     —           558,558,993        —           558,558,993   

Total Foreign Government*

     —           44,323,536        —           44,323,536   

Total Mortgage-Backed Securities*

     —           37,476,919        —           37,476,919   

Total Municipals

     —           14,767,310        —           14,767,310   

Total Asset-Backed Securities*

     —           11,121,290        —           11,121,290   
Short-Term Investments           

Discount Notes

     —           6,699,829        —           6,699,829   

Mutual Fund

     539,469,594                —           539,469,594   

U.S. Treasury

     —           3,699,881        —           3,699,881   

Total Short-Term Investments

     539,469,594         10,399,710        —           549,869,304   

Total Investments

   $ 539,469,594       $ 2,211,742,797      $ —         $ 2,751,212,391   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (539,469,594   $ —         $ (539,469,594

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-17


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

U.S. Treasury & Government Agencies—61.6% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—44.8%

  

Fannie Mae 15 Yr. Pool

   

2.500%, TBA (a)

    50,800,000      $ 51,025,227   

3.000%, 11/01/28

    6,146,894        6,351,724   

3.000%, 12/01/28

    1,493,643        1,544,814   

3.000%, 01/01/29

    720,855        745,568   

3.000%, 04/01/29

    2,114,830        2,185,476   

3.000%, 05/01/29

    3,690,326        3,814,761   

3.000%, 08/01/29

    4,173,484        4,312,906   

3.000%, TBA (a)

    18,900,000        19,467,000   

3.500%, 08/01/28

    1,258,930        1,330,845   

3.500%, 10/01/28

    6,267,836        6,626,662   

3.500%, 11/01/28

    7,363,080        7,784,041   

3.500%, 02/01/29

    14,513,040        15,344,398   

3.500%, TBA (a)

    6,708,000        7,051,261   

4.000%, 01/01/25

    34,055        36,048   

4.000%, 02/01/25

    6,825,809        7,284,560   

4.000%, 09/01/25

    1,277,914        1,363,776   

4.000%, 10/01/25

    3,593,101        3,834,701   

4.000%, 01/01/26

    1,070,521        1,142,872   

4.000%, 04/01/26

    670,540        715,820   

4.000%, 07/01/26

    3,189,036        3,404,616   

4.000%, 08/01/26

    1,425,956        1,522,108   

4.500%, 12/01/20

    2,110,690        2,245,326   

4.500%, 02/01/25

    1,379,919        1,472,447   

4.500%, 04/01/25

    244,054        260,561   

4.500%, 07/01/25

    908,735        969,345   

4.500%, 06/01/26

    19,956,647        21,307,954   

4.500%, TBA (a)

    12,900,000        13,615,548   

Fannie Mae 20 Yr. Pool

   

5.000%, 05/01/23

    6,075        6,701   

Fannie Mae 30 Yr. Pool

   

3.000%, 12/01/42

    3,666,914        3,633,795   

3.000%, 01/01/43

    8,052,643        7,978,250   

3.000%, 02/01/43

    14,573,904        14,455,483   

3.000%, 03/01/43

    29,700,129        29,383,070   

3.000%, 04/01/43

    20,545,342        20,332,560   

3.000%, 05/01/43

    28,329,598        28,088,041   

3.000%, 06/01/43

    3,523,061        3,499,247   

3.000%, TBA (a)

    10,395,000        10,247,196   

3.500%, 01/01/42

    299,202        307,053   

3.500%, 04/01/42

    96,763        99,512   

3.500%, 05/01/42

    397,203        407,381   

3.500%, 06/01/42

    1,303,149        1,338,047   

3.500%, 07/01/42

    512,085        525,205   

3.500%, 10/01/42

    495,889        509,977   

3.500%, 12/01/42

    261,327        268,747   

3.500%, 01/01/43

    1,604,500        1,650,088   

3.500%, 02/01/43

    2,419,120        2,482,504   

3.500%, 03/01/43

    6,223,838        6,395,415   

3.500%, 04/01/43

    99,935        102,774   

3.500%, 06/01/43

    2,288,500        2,347,139   

3.500%, 07/01/43

    18,036,299        18,528,381   

3.500%, 08/01/43

    11,895,439        12,209,665   

3.500%, 09/01/43

    214,041        219,792   

3.500%, 10/01/43

    233,287        239,917   

3.500%, 11/01/43

    2,766,572        2,839,197   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

3.500%, 01/01/44

    2,679,743      2,752,844   

3.500%, 06/01/44

    543,399        558,071   

3.500%, 07/01/44

    454,070        466,511   

3.500%, 08/01/44

    4,090,370        4,201,581   

3.500%, 09/01/44

    8,283,430        8,498,079   

3.500%, TBA (a)

    44,575,000        45,560,527   

4.000%, 06/01/39

    1,898,908        2,003,875   

4.000%, 12/01/39

    188,599        199,024   

4.000%, 05/01/42

    1,090,428        1,158,073   

4.000%, 07/01/42

    7,049,066        7,486,462   

4.000%, 11/01/42

    602,184        638,667   

4.000%, 02/01/43

    6,479,132        6,871,187   

4.000%, 03/01/43

    1,735,438        1,839,281   

4.000%, 05/01/43

    4,302,980        4,563,376   

4.000%, 06/01/43

    714,944        758,209   

4.000%, 08/01/43

    2,123,596        2,252,120   

4.000%, 11/01/43

    6,122,364        6,495,755   

4.000%, 12/01/43

    1,738,843        1,846,773   

4.000%, 01/01/44

    14,899,629        15,824,308   

4.000%, 02/01/44

    14,292,528        15,180,020   

4.000%, TBA (a)

    120,885,000        127,229,499   

4.500%, 11/01/39

    649,331        702,856   

4.500%, 08/01/40

    7,840,423        8,479,505   

4.500%, 08/01/41

    284,147        307,120   

4.500%, 09/01/41

    1,483,887        1,605,262   

4.500%, 08/01/42

    2,154,795        2,328,696   

4.500%, 08/01/43

    390,306        421,362   

4.500%, 09/01/43

    31,289,280        33,822,632   

4.500%, 10/01/43

    4,833,537        5,231,325   

4.500%, 12/01/43

    4,310,200        4,666,404   

4.500%, 01/01/44

    7,513,611        8,179,801   

4.500%, 02/01/44

    1,483,411        1,604,760   

4.500%, 03/01/44

    7,435,269        8,041,610   

4.500%, TBA (a)

    13,900,000        14,974,886   

5.000%, 11/01/32

    21,497        23,790   

5.000%, 03/01/33

    18,358        20,312   

5.000%, 04/01/33

    117,542        129,874   

5.000%, 07/01/33

    199,803        220,950   

5.000%, 08/01/33

    24,742        27,409   

5.000%, 09/01/33

    3,394,348        3,754,433   

5.000%, 11/01/33

    822,398        909,808   

5.000%, 12/01/33

    334,554        370,077   

5.000%, 02/01/34

    130,694        144,542   

5.000%, 03/01/34

    100,687        111,373   

5.000%, 04/01/34

    35,839        39,642   

5.000%, 06/01/34

    59,669        66,001   

5.000%, 07/01/34

    994,405        1,099,901   

5.000%, 10/01/34

    2,676,606        2,960,039   

5.000%, 12/01/34

    92,682        102,516   

5.000%, 04/01/35

    11,031        12,202   

5.000%, 07/01/35

    1,541,782        1,705,467   

5.000%, 09/01/35

    13,728        15,187   

5.000%, 10/01/35

    4,989,751        5,518,853   

5.000%, 12/01/35

    1,535,829        1,698,359   

5.000%, 08/01/36

    1,434,517        1,586,089   

 

MSF-18


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

5.000%, 07/01/37

    758,049      $ 838,555   

5.000%, 04/01/41

    106,734        118,053   

5.000%, 07/01/41

    911,951        1,011,333   

5.000%, 08/01/41

    1,091,333        1,206,781   

5.000%, 01/01/42

    318,123        352,478   

5.500%, 11/01/32

    3,083,019        3,458,509   

5.500%, 12/01/32

    471,672        529,375   

5.500%, 01/01/33

    1,935,562        2,171,767   

5.500%, 12/01/33

    605,119        679,355   

5.500%, 08/01/37

    5,072,588        5,689,773   

5.500%, 04/01/41

    748,506        833,662   

5.500%, TBA (a)

    10,000,000        11,136,330   

6.000%, 02/01/34

    509,013        579,563   

6.000%, 08/01/34

    395,784        450,480   

6.000%, 04/01/35

    6,020,117        6,861,228   

6.000%, 06/01/36

    1,032,000        1,183,016   

6.000%, 02/01/38

    1,390,107        1,576,772   

6.000%, 03/01/38

    515,745        587,152   

6.000%, 05/01/38

    1,590,939        1,818,868   

6.000%, 10/01/38

    2,026,932        2,297,236   

6.000%, 12/01/38

    612,639        697,538   

6.000%, 04/01/40

    6,428,223        7,271,709   

6.000%, 09/01/40

    651,052        735,359   

6.000%, 06/01/41

    1,385,820        1,566,992   

6.000%, TBA (a)

    4,400,000        4,966,328   

6.500%, 05/01/40

    9,960,225        11,274,381   

Fannie Mae ARM Pool

   

2.989%, 03/01/41 (b)

    778,095        827,333   

3.132%, 03/01/41 (b)

    995,293        1,057,542   

3.178%, 12/01/40 (b)

    1,815,365        1,895,534   

3.362%, 06/01/41 (b)

    3,577,968        3,759,066   

3.507%, 09/01/41 (b)

    2,777,165        2,933,763   

5.007%, 08/01/38 (b)

    1,136,775        1,218,148   

Fannie Mae REMICS (CMO)

   

5.000%, 04/25/35

    279,524        298,691   

Freddie Mac 15 Yr. Gold Pool

   

2.500%, TBA (a)

    19,100,000        19,214,161   

3.000%, TBA (a)

    11,100,000        11,413,919   

Freddie Mac 30 Yr. Gold Pool

   

3.000%, 01/01/43

    2,793,847        2,764,866   

3.000%, 03/01/43

    6,231,453        6,161,054   

3.000%, 04/01/43

    25,958,800        25,665,537   

3.000%, 07/01/43

    17,828,195        17,693,025   

3.000%, 08/01/43

    10,999,015        10,874,756   

3.500%, 04/01/42

    4,822,544        4,942,861   

3.500%, 08/01/42

    3,157,976        3,239,649   

3.500%, 09/01/42

    1,623,883        1,663,093   

3.500%, 11/01/42

    3,198,176        3,271,550   

3.500%, 02/01/43

    593,364        609,371   

3.500%, 04/01/43

    9,327,772        9,553,447   

3.500%, 07/01/43

    8,996,894        9,225,679   

3.500%, 12/01/43

    11,384,424        11,666,837   

3.500%, 01/01/44

    805,208        826,551   

3.500%, 02/01/44

    3,729,091        3,819,318   

3.500%, 04/01/44

    225,853        231,598   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

3.500%, 05/01/44

    882,017      904,802   

3.500%, 06/01/44

    243,591        249,787   

3.500%, 07/01/44

    1,952,124        1,999,834   

3.500%, 08/01/44

    799,082        819,408   

3.500%, 09/01/44

    2,234,133        2,290,644   

3.500%, TBA (a)

    11,600,000        11,822,784   

4.000%, 10/01/40

    284,787        301,481   

4.000%, 11/01/40

    1,332,756        1,410,824   

4.000%, 10/01/41

    1,217,417        1,288,814   

4.000%, 08/01/44

    5,767,942        6,111,488   

4.000%, TBA (a)

    37,800,000        39,699,106   

4.500%, 09/01/43

    3,108,199        3,363,997   

4.500%, 11/01/43

    6,087,618        6,577,786   

4.500%, TBA (a)

    26,400,000        28,429,401   

5.000%, 10/01/41

    1,632,293        1,803,440   

5.000%, TBA (a)

    27,300,000        30,008,672   

5.500%, 06/01/41

    7,389,872        8,224,907   

5.500%, TBA (a)

    2,300,000        2,555,156   

Freddie Mac ARM Non-Gold Pool

   

3.015%, 02/01/41 (b)

    1,475,892        1,571,409   

Ginnie Mae (CMO)

   

0.989%, 02/16/53 (b) (c)

    26,947,968        2,081,946   

Ginnie Mae I 15 Yr. Pool

   

7.500%, 12/15/14

    167        167   

Ginnie Mae I 30 Yr. Pool

   

3.500%, 02/15/42

    439,486        458,108   

3.500%, 04/15/42

    656,141        683,945   

3.500%, 05/15/42

    538,252        561,059   

3.500%, 08/15/42

    809,001        840,703   

3.500%, 11/15/42

    683,864        712,845   

3.500%, 12/15/42

    1,836,138        1,913,947   

3.500%, 01/15/43

    745,372        776,937   

3.500%, 02/15/43

    1,236,641        1,289,048   

3.500%, 03/15/43

    606,768        630,258   

3.500%, 04/15/43

    2,393,776        2,495,221   

3.500%, 05/15/43

    4,341,384        4,521,238   

3.500%, 06/15/43

    1,102,279        1,148,991   

3.500%, 07/15/43

    3,720,275        3,877,914   

4.000%, 12/15/41

    181,108        192,474   

4.000%, 05/15/42

    154,045        163,713   

4.000%, TBA (a)

    14,905,000        15,809,778   

4.500%, 02/15/42

    29,701,609        32,321,876   

4.500%, TBA (a)

    17,300,000        18,762,390   

5.000%, 12/15/38

    790,581        871,054   

5.000%, 07/15/39

    2,185,872        2,416,614   

5.000%, 12/15/40

    2,788,480        3,091,399   

5.000%, TBA (a)

    26,700,000        29,368,435   

5.500%, 04/15/33

    62,079        69,531   

5.500%, TBA (a)

    12,500,000        13,883,300   

6.500%, 04/15/33

    54,562        61,862   

8.000%, 11/15/29

    6,194        6,314   

8.500%, 01/15/17

    2,194        2,204   

8.500%, 03/15/17

    846        850   

8.500%, 05/15/17

    469        471   

8.500%, 11/15/21

    2,826        2,840   

 

MSF-19


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

8.500%, 05/15/22

    1,278      $ 1,350   

9.000%, 10/15/16

    1,271        1,277   

Ginnie Mae II 30 Yr. Pool

   

3.000%, TBA (a)

    57,705,000        58,070,163   

3.500%, 10/20/42

    885,972        917,501   

3.500%, 01/20/43

    787,586        815,633   

3.500%, 04/20/43

    693,090        717,635   

3.500%, 07/20/44

    28,570,293        29,582,083   

3.500%, 08/20/44

    185,113,935        191,669,571   

3.500%, TBA (a)

    83,600,000        86,261,490   

4.000%, 09/20/40

    257,941        274,481   

4.000%, 10/20/40

    480,116        510,952   

4.000%, 12/20/40

    6,789,259        7,226,010   

4.000%, 01/20/41

    5,092,880        5,420,905   

4.000%, 02/20/41

    89,250        94,962   

4.000%, 07/20/43

    489,533        519,875   

4.000%, 07/20/44

    111,855,686        118,788,625   

4.000%, 08/20/44

    21,844,763        23,208,235   

4.000%, TBA (a)

    120,300,000        127,489,790   

4.500%, 05/20/41

    29,964,572        32,663,637   

4.500%, 06/20/41

    2,928,975        3,190,328   

4.500%, 07/20/41

    1,798,471        1,958,441   

4.500%, TBA (a)

    1,880,000        2,038,919   

5.000%, 10/20/33

    2,019,761        2,252,930   

5.000%, 10/20/39

    896,337        997,235   
   

 

 

 
      1,929,965,929   
   

 

 

 

U.S. Treasury—16.8%

   

U.S. Treasury Bonds

   

2.750%, 08/15/42

    11,015,000        10,092,494   

2.750%, 11/15/42

    465,000        425,402   

3.125%, 08/15/44

    49,390,900        48,603,708   

U.S. Treasury Inflation Indexed Bonds

   

0.750%, 02/15/42

    14,640,344        13,406,207   

1.375%, 02/15/44

    8,290,610        8,867,711   

U.S. Treasury Inflation Indexed Notes

   

0.125%, 04/15/19

    21,840,649        21,893,547   

0.125%, 01/15/23

    7,560,792        7,315,066   

0.625%, 01/15/24

    59,313,657        59,610,225   

U.S. Treasury Notes

   

0.250%, 05/31/15

    29,515,000        29,551,894   

0.500%, 09/30/16

    11,435,000        11,416,235   

1.000%, 09/15/17

    175,885,000        175,610,268   

1.000%, 11/30/19 (d)

    91,390,000        87,563,044   

1.250%, 11/30/18

    5,817,800        5,737,805   

1.625%, 08/31/19 (j)

    14,605,000        14,504,591   

1.625%, 11/15/22

    6,432,200        6,078,931   

2.000%, 05/31/21

    17,429,000        17,227,486   

2.000%, 08/31/21

    21,325,300        21,037,067   

2.125%, 09/30/21

    43,852,900        43,578,819   

2.375%, 08/15/24

    140,140,000        138,519,701   
   

 

 

 
      721,040,201   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $2,655,924,545)

      2,651,006,130   
   

 

 

 
Corporate Bonds & Notes—23.8%   
Security Description   Principal
Amount*
    Value  

Advertising—0.0%

   

Interpublic Group of Cos., Inc. (The)

   

4.200%, 04/15/24

    485,000      489,636   
   

 

 

 

Aerospace/Defense—0.1%

   

L-3 Communications Corp.

   

1.500%, 05/28/17 (e)

    1,425,000        1,414,558   

United Technologies Corp.

   

4.500%, 06/01/42

    1,040,000        1,088,232   
   

 

 

 
      2,502,790   
   

 

 

 

Agriculture—0.4%

  

Altria Group, Inc.

   

4.000%, 01/31/24 (e)

    2,927,000        2,986,840   

Philip Morris International, Inc.

   

1.125%, 08/21/17 (e)

    4,095,000        4,068,579   

4.875%, 11/15/43

    2,091,000        2,223,044   

Reynolds American, Inc.

   

3.250%, 11/01/22

    2,070,000        1,997,310   

4.750%, 11/01/42 (e)

    1,795,000        1,707,052   

6.150%, 09/15/43 (e)

    320,000        366,059   

7.250%, 06/15/37

    1,655,000        2,079,501   
   

 

 

 
      15,428,385   
   

 

 

 

Airlines—0.0%

   

United Continental Holdings, Inc.

   

6.000%, 07/15/28 (e)

    2,120,000        1,950,400   
   

 

 

 

Auto Manufacturers—0.3%

   

General Motors Co.

   

4.875%, 10/02/23 (e)

    2,350,000        2,485,125   

6.250%, 10/02/43 (e)

    1,410,000        1,649,700   

Jaguar Land Rover Automotive plc

   

8.250%, 03/15/20 (GBP)

    220,000        394,440   

Toyota Motor Credit Corp.

   

2.750%, 05/17/21 (e)

    8,195,000        8,269,050   
   

 

 

 
      12,798,315   
   

 

 

 

Auto Parts & Equipment—0.0%

   

Johnson Controls, Inc.

   

3.625%, 07/02/24 (e)

    1,560,000        1,546,904   

Samvardhana Motherson Automotive Systems Group B.V.

   

4.125%, 07/15/21 (EUR)

    103,000        125,850   

Servus Luxembourg Holding SCA

   

7.750%, 06/15/18 (EUR)

    93,505        125,429   
   

 

 

 
      1,798,183   
   

 

 

 

Banks—5.7%

   

Bank of America Corp.

   

2.600%, 01/15/19

    9,321,000        9,302,843   

2.650%, 04/01/19 (e)

    20,705,000        20,641,539   

4.200%, 08/26/24

    4,950,000        4,907,197   

4.875%, 04/01/44

    1,080,000        1,119,820   

5.750%, 12/01/17

    6,235,000        6,937,691   

 

MSF-20


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Bank of New York Mellon Corp. (The)

   

2.100%, 01/15/19

    4,220,000      $ 4,198,010   

Bank of Nova Scotia (The)

   

1.300%, 07/21/17

    10,965,000        10,909,868   

2.800%, 07/21/21 (e)

    7,075,000        6,991,833   

Bankia S.A.

   

4.000%, 05/22/24 (EUR) (b)

    200,000        242,506   

Barclays plc

   

4.375%, 09/11/24 (e)

    1,350,000        1,308,366   

Branch Banking & Trust Co.

   

2.300%, 10/15/18

    2,160,000        2,186,836   

Citigroup, Inc.

   

2.500%, 09/26/18 (e)

    5,097,000        5,130,151   

2.500%, 07/29/19

    5,000,000        4,955,445   

4.450%, 01/10/17

    2,730,000        2,908,739   

5.300%, 05/06/44

    2,775,000        2,883,383   

Discover Bank

   

7.000%, 04/15/20

    1,678,000        1,985,176   

Goldman Sachs Group, Inc. (The)

   

2.625%, 01/31/19

    6,320,000        6,303,745   

2.900%, 07/19/18

    6,205,000        6,355,819   

3.625%, 02/07/16

    3,625,000        3,746,155   

4.800%, 07/08/44

    2,220,000        2,232,334   

5.750%, 01/24/22

    2,876,000        3,270,515   

6.125%, 02/15/33

    3,415,000        4,087,065   

6.250%, 02/01/41

    1,665,000        2,016,686   

6.750%, 10/01/37

    3,825,000        4,566,235   

HSBC Bank Brasil S.A. - Banco Multiplo

   

4.000%, 05/11/16 (144A) (e)

    13,340,000        13,740,200   

HSBC Holdings plc

   

6.375%, 12/29/49 (b) (e)

    5,485,000        5,478,144   

6.500%, 05/02/36 (e)

    3,370,000        4,132,385   

HSBC USA, Inc.

   

3.500%, 06/23/24

    1,895,000        1,896,048   

JPMorgan Chase & Co.

   

1.350%, 02/15/17

    12,770,000        12,742,174   

3.200%, 01/25/23 (e)

    2,030,000        1,981,645   

3.875%, 09/10/24

    6,265,000        6,141,849   

4.750%, 03/01/15

    6,975,000        7,100,410   

4.850%, 02/01/44

    2,745,000        2,875,544   

Macquarie Bank, Ltd.

   

1.650%, 03/24/17 (144A)

    3,455,000        3,454,679   

Morgan Stanley

   

3.750%, 02/25/23

    14,291,000        14,272,436   

3.875%, 04/29/24 (e)

    5,121,000        5,115,690   

4.350%, 09/08/26 (e)

    3,950,000        3,882,127   

5.000%, 11/24/25

    3,105,000        3,247,240   

5.450%, 01/09/17

    11,485,000        12,474,858   

5.625%, 09/23/19

    4,350,000        4,896,686   

State Street Capital Trust IV

   

1.234%, 06/01/77 (b)

    500,000        426,250   

Wells Fargo & Co.

   

1.500%, 07/01/15

    3,485,000        3,513,371   

2.125%, 04/22/19 (e)

    2,360,000        2,331,359   

4.100%, 06/03/26

    4,300,000        4,284,886   

Banks—(Continued)

  

Wells Fargo & Co.

   

5.375%, 11/02/43

    5,995,000      6,547,901   

5.900%, 06/15/24 (b) (e)

    3,728,000        3,797,900   
   

 

 

 
      243,521,739   
   

 

 

 

Biotechnology—0.3%

   

Amgen, Inc.

   

3.625%, 05/22/24

    8,190,000        8,115,561   

5.650%, 06/15/42

    2,440,000        2,771,491   
   

 

 

 
      10,887,052   
   

 

 

 

Building Materials—0.0%

   

Cemex Finance LLC

   

5.250%, 04/01/21 (EUR)

    100,000        129,463   
   

 

 

 

Chemicals—0.2%

   

Eastman Chemical Co.

   

4.800%, 09/01/42

    3,070,000        3,044,599   

INEOS Group Holdings S.A.

   

5.750%, 02/15/19 (EUR)

    100,000        126,621   

LyondellBasell Industries NV

   

5.000%, 04/15/19 (e)

    4,122,000        4,550,259   

Monsanto Co.

   

2.750%, 07/15/21

    1,070,000        1,060,941   
   

 

 

 
      8,782,420   
   

 

 

 

Coal—0.1%

   

Peabody Energy Corp.

   

6.000%, 11/15/18 (e)

    497,000        487,060   

6.250%, 11/15/21 (e)

    2,913,000        2,709,090   
   

 

 

 
      3,196,150   
   

 

 

 

Commercial Services—0.3%

   

EC Finance plc

   

5.125%, 07/15/21 (EUR)

    200,000        254,505   

MasterCard, Inc.

   

3.375%, 04/01/24

    2,812,000        2,827,286   

TMF Group Holding B.V.

   

9.875%, 12/01/19 (EUR)

    250,000        328,456   

United Rentals North America, Inc.

   

7.625%, 04/15/22

    8,490,000        9,232,875   

Verisure Holding AB

   

8.750%, 12/01/18 (EUR)

    230,000        309,384   
   

 

 

 
      12,952,506   
   

 

 

 

Computers—0.5%

   

Apple, Inc.

   

2.100%, 05/06/19 (e)

    13,005,000        13,008,927   

2.850%, 05/06/21

    3,955,000        3,962,760   

International Business Machines Corp.

   

3.625%, 02/12/24 (e)

    3,612,000        3,685,938   
   

 

 

 
      20,657,625   
   

 

 

 

 

MSF-21


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Diversified Financial Services—1.3%

   

American Express Credit Corp.

   

1.125%, 06/05/17

    7,415,000      $ 7,362,865   

2.250%, 08/15/19 (e)

    4,265,000        4,235,162   

Discover Financial Services

   

3.850%, 11/21/22

    2,593,000        2,605,916   

Ford Motor Credit Co. LLC

   

1.724%, 12/06/17

    14,335,000        14,233,938   

General Electric Capital Corp.

   

6.875%, 01/10/39

    1,705,000        2,294,736   

General Motors Financial Co., Inc.

   

2.625%, 07/10/17

    8,090,000        8,126,704   

2.750%, 05/15/16 (e)

    4,123,000        4,153,923   

4.750%, 08/15/17

    5,115,000        5,357,962   

Icahn Enterprises L.P. / Icahn Enterprises Finance Corp.

   

3.500%, 03/15/17 (e)

    1,030,000        1,019,700   

4.875%, 03/15/19

    1,405,000        1,383,925   

6.000%, 08/01/20 (e)

    1,660,000        1,705,650   

MassMutual Global Funding II

   

2.350%, 04/09/19 (144A) (e)

    4,815,000        4,819,531   
   

 

 

 
      57,300,012   
   

 

 

 

Electric—1.7%

   

Berkshire Hathaway Energy Co.

   

6.500%, 09/15/37

    5,200,000        6,723,667   

CenterPoint Energy Houston Electric LLC

   

4.500%, 04/01/44 (e)

    2,665,000        2,820,878   

Cleveland Electric Illuminating Co. (The)

   

5.950%, 12/15/36

    2,822,000        3,218,291   

8.875%, 11/15/18

    1,390,000        1,737,314   

CMS Energy Corp.

   

3.875%, 03/01/24 (e)

    1,724,000        1,763,211   

Commonwealth Edison Co.

   

4.700%, 01/15/44

    3,499,000        3,833,207   

Dominion Resources, Inc.

   

1.950%, 08/15/16

    6,100,000        6,200,876   

DTE Energy Co.

   

3.500%, 06/01/24 (e)

    4,100,000        4,113,940   

Duke Energy Carolinas LLC

   

4.250%, 12/15/41

    4,115,000        4,171,964   

Duke Energy Corp.

   

3.750%, 04/15/24

    883,000        905,238   

Duke Energy Florida, Inc.

   

6.400%, 06/15/38

    1,455,000        1,939,297   

Entergy Arkansas, Inc.

   

3.700%, 06/01/24

    5,220,000        5,366,176   

Georgia Power Co.

   

3.000%, 04/15/16

    6,380,000        6,597,724   

Jersey Central Power & Light Co.

   

7.350%, 02/01/19

    2,610,000        3,109,006   

Pacific Gas & Electric Co.

   

4.750%, 02/15/44 (e)

    1,562,000        1,649,122   

PacifiCorp

   

3.600%, 04/01/24 (e)

    10,825,000        11,116,506   

4.100%, 02/01/42 (e)

    3,020,000        2,983,552   

Electric—(Continued)

  

PG&E Corp.

   

2.400%, 03/01/19

    2,223,000      2,225,587   

Progress Energy, Inc.

   

4.875%, 12/01/19 (e)

    537,000        598,189   

Southern Co. (The)

   

1.950%, 09/01/16

    2,908,000        2,965,221   

Virginia Electric and Power Co.

   

3.450%, 02/15/24

    895,000        909,492   
   

 

 

 
      74,948,458   
   

 

 

 

Electronics—0.1%

   

Rexel S.A.

   

5.125%, 06/15/20 (EUR)

    1,904,000        2,537,115   

Thermo Fisher Scientific, Inc.

   

5.300%, 02/01/44 (e)

    571,000        626,724   

Trionista Holdco GmbH

   

5.000%, 04/30/20 (EUR)

    306,000        399,054   
   

 

 

 
      3,562,893   
   

 

 

 

Engineering & Construction—0.0%

   

Astaldi S.p.A.

   

7.125%, 12/01/20 (EUR)

    100,000        132,305   
   

 

 

 

Entertainment—0.0%

   

Gala Group Finance plc

   

8.875%, 09/01/18 (GBP)

    189,000        320,185   

GLP Capital L.P. / GLP Financing II, Inc.

   

4.375%, 11/01/18

    264,000        267,960   

4.875%, 11/01/20

    415,000        423,172   
   

 

 

 
      1,011,317   
   

 

 

 

Environmental Control—0.0%

   

Bilbao Luxembourg S.A.

   

10.500%, 12/01/18 (EUR) (f)

    100,000        134,515   
   

 

 

 

Food—0.0%

   

Bakkavor Finance 2 plc

   

8.750%, 06/15/20 (GBP)

    180,000        307,856   

Boparan Finance plc

   

5.500%, 07/15/21 (GBP)

    100,000        143,472   
   

 

 

 
      451,328   
   

 

 

 

Forest Products & Paper—0.1%

   

International Paper Co.

   

4.800%, 06/15/44

    2,250,000        2,179,179   
   

 

 

 

Healthcare-Products—0.3%

   

3AB Optique Developpement SAS

   

5.625%, 04/15/19 (EUR)

    100,000        117,464   

Boston Scientific Corp.

   

2.650%, 10/01/18

    4,911,000        4,959,059   

CareFusion Corp.

   

1.450%, 05/15/17

    2,465,000        2,452,174   

 

MSF-22


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Products—(Continued)

  

IDH Finance plc

   

6.000%, 12/01/18 (GBP)

    209,000      $ 345,597   

Medtronic, Inc.

   

3.625%, 03/15/24

    2,530,000        2,582,158   

Ontex IV S.A.

   

9.000%, 04/15/19 (EUR)

    240,000        322,836   
   

 

 

 
      10,779,288   
   

 

 

 

Healthcare-Services—0.9%

   

Aetna, Inc.

   

4.750%, 03/15/44

    1,184,000        1,203,812   

HCA, Inc.

   

7.250%, 09/15/20

    8,300,000        8,715,000   

Priory Group No. 3 plc

   

7.000%, 02/15/18 (GBP)

    270,000        452,593   

Roche Holdings, Inc.

   

2.875%, 09/29/21 (144A)

    2,220,000        2,216,816   

Tenet Healthcare Corp.

   

6.250%, 11/01/18

    4,710,000        5,004,375   

UnitedHealth Group, Inc.

   

3.375%, 11/15/21

    1,745,000        1,801,468   

WellPoint, Inc.

   

1.875%, 01/15/18

    6,155,000        6,148,254   

2.300%, 07/15/18

    6,240,000        6,256,143   

3.300%, 01/15/23

    2,140,000        2,115,786   

4.650%, 08/15/44

    5,205,000        5,058,016   
   

 

 

 
      38,972,263   
   

 

 

 

Holding Companies-Diversified—0.0%

  

Co-operative Group Holdings

   

6.875%, 07/08/20 (GBP)

    100,000        172,653   
   

 

 

 

Home Furnishings—0.0%

   

DFS Furniture Holdings plc

   

7.625%, 08/15/18 (GBP)

    215,000        359,004   

Magnolia BC S.A.

   

9.000%, 08/01/20 (EUR)

    100,000        122,010   
   

 

 

 
      481,014   
   

 

 

 

Household Products/Wares—0.5%

   

Kimberly-Clark Corp.

   

1.900%, 05/22/19

    5,080,000        5,027,087   

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC

   

6.875%, 02/15/21

    8,495,000        8,962,225   

7.875%, 08/15/19 (e)

    5,195,000        5,519,687   
   

 

 

 
      19,508,999   
   

 

 

 

Insurance—1.8%

   

American International Group, Inc.

   

2.300%, 07/16/19 (e)

    3,490,000        3,464,422   

3.375%, 08/15/20 (e)

    8,120,000        8,362,861   

4.500%, 07/16/44

    3,420,000        3,378,755   

5.450%, 05/18/17

    4,215,000        4,644,909   

8.175%, 05/15/58 (b)

    4,290,000        5,780,775   

Insurance—(Continued)

  

Genworth Financial, Inc.

   

7.200%, 02/15/21

    4,150,000      4,887,667   

7.625%, 09/24/21 (e)

    10,385,000        12,599,383   

Manulife Financial Corp.

   

3.400%, 09/17/15

    1,675,000        1,720,446   

Prudential Financial, Inc.

   

4.500%, 11/15/20 (e)

    2,980,000        3,228,380   

4.600%, 05/15/44

    3,115,000        3,085,410   

4.750%, 09/17/15

    4,775,000        4,963,737   

5.375%, 06/21/20

    3,570,000        4,040,679   

7.375%, 06/15/19

    4,595,000        5,596,090   

XL Group plc

   

6.500%, 04/15/17 (b) (e)

    8,810,000        8,523,675   

XLIT, Ltd.

   

2.300%, 12/15/18

    2,138,000        2,136,108   

5.250%, 12/15/43

    1,036,000        1,139,236   
   

 

 

 
      77,552,533   
   

 

 

 

Leisure Time—0.0%

   

Cirsa Funding Luxembourg S.A.

   

8.750%, 05/15/18 (EUR)

    134,000        175,173   
   

 

 

 

Lodging—0.2%

   

Caesars Entertainment Resort Properties LLC / Caesars Entertainment Resort Property

   

8.000%, 10/01/20 (144A) (e)

    4,526,000        4,458,110   

11.000%, 10/01/21 (144A) (e)

    5,018,000        4,704,375   
   

 

 

 
      9,162,485   
   

 

 

 

Machinery-Construction & Mining—0.0%

  

Caterpillar, Inc.

   

4.750%, 05/15/64

    1,495,000        1,552,170   
   

 

 

 

Machinery-Diversified—0.1%

   

John Deere Capital Corp.

   

3.350%, 06/12/24 (e)

    4,525,000        4,555,548   
   

 

 

 

Media—1.0%

   

British Sky Broadcasting Group plc

   

2.625%, 09/16/19 (144A) (e)

    1,015,000        1,014,389   

CBS Corp.

   

2.300%, 08/15/19

    2,630,000        2,594,369   

4.625%, 05/15/18

    1,525,000        1,657,565   

Comcast Cable Communications LLC

   

8.500%, 05/01/27

    2,400,000        3,374,856   

COX Communications, Inc.

   

8.375%, 03/01/39 (144A)

    4,590,000        6,506,633   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.

   

4.600%, 02/15/21

    5,230,000        5,683,786   

NBCUniversal Enterprise, Inc.

   

5.250%, 03/29/49 (144A)

    4,585,000        4,768,400   

NBCUniversal Media LLC

   

4.375%, 04/01/21

    2,225,000        2,423,804   

4.450%, 01/15/43

    2,009,000        2,013,980   

 

MSF-23


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—(Continued)

  

Numericable Group S.A.

   

5.375%, 05/15/22 (EUR)

    100,000      $ 130,514   

Time Warner Cable, Inc.

   

6.550%, 05/01/37 (e)

    9,300,000        11,731,987   

8.750%, 02/14/19

    1,915,000        2,410,623   

Unitymedia Kabel BW GmbH

   

9.500%, 03/15/21 (EUR)

    270,000        384,930   
   

 

 

 
      44,695,836   
   

 

 

 

Metal Fabricate/Hardware—0.0%

   

Eco-Bat Finance plc

   

7.750%, 02/15/17 (EUR)

    230,000        295,382   
   

 

 

 

Mining—0.3%

   

Newmont Mining Corp.

   

3.500%, 03/15/22 (e)

    3,789,000        3,513,183   

Novelis, Inc.

   

8.750%, 12/15/20

    7,985,000        8,533,969   
   

 

 

 
      12,047,152   
   

 

 

 

Miscellaneous Manufacturing—0.1%

  

GCL Holdings SCA

   

9.375%, 04/15/18 (EUR)

    220,000        294,977   

General Electric Co.

   

4.500%, 03/11/44

    2,950,000        3,058,398   

Hydra Dutch Holdings 2 B.V.

   

5.703%, 04/15/19 (EUR) (b)

    100,000        122,516   
   

 

 

 
      3,475,891   
   

 

 

 

Oil & Gas—2.4%

   

Anadarko Petroleum Corp.

   

3.450%, 07/15/24 (e)

    2,080,000        2,042,947   

4.500%, 07/15/44 (e)

    1,735,000        1,671,690   

Apache Corp.

   

4.750%, 04/15/43

    1,285,000        1,284,148   

6.000%, 01/15/37 (e)

    2,965,000        3,496,254   

BP Capital Markets plc

   

2.237%, 05/10/19

    15,630,000        15,534,360   

3.245%, 05/06/22

    3,320,000        3,295,024   

Continental Resources, Inc.

   

4.900%, 06/01/44 (e)

    2,980,000        2,905,077   

EOG Resources, Inc.

   

2.450%, 04/01/20

    7,295,000        7,241,936   

Exxon Mobil Corp.

   

1.819%, 03/15/19

    12,115,000        12,110,929   

Laredo Petroleum, Inc.

   

7.375%, 05/01/22 (e)

    3,500,000        3,675,000   

Linn Energy LLC / Linn Energy Finance Corp.

   

6.250%, 11/01/19 (e)

    4,115,000        4,017,269   

Marathon Petroleum Corp.

   

4.750%, 09/15/44 (e)

    1,245,000        1,195,155   

MEG Energy Corp.

   

6.500%, 03/15/21 (144A) (e)

    8,548,000        8,761,700   

Murphy Oil Corp.

   

2.500%, 12/01/17

    7,237,000        7,350,824   

Oil & Gas—(Continued)

  

Nexen Energy ULC

   

5.875%, 03/10/35

    280,000      320,731   

Noble Energy, Inc.

   

5.250%, 11/15/43 (e)

    4,755,000        5,015,869   

6.000%, 03/01/41

    3,680,000        4,243,353   

8.250%, 03/01/19

    3,001,000        3,710,580   

Range Resources Corp.

   

5.750%, 06/01/21 (e)

    135,000        141,750   

Shell International Finance B.V.

   

4.550%, 08/12/43

    1,435,000        1,517,447   

Statoil ASA

   

2.900%, 11/08/20

    7,535,000        7,683,846   

Total Capital International S.A.

   

2.750%, 06/19/21

    2,815,000        2,800,931   

Transocean, Inc.

   

6.500%, 11/15/20 (e)

    1,235,000        1,312,275   

6.800%, 03/15/38 (e)

    3,859,000        3,757,886   
   

 

 

 
      105,086,981   
   

 

 

 

Oil & Gas Services—0.1%

   

Schlumberger Investment S.A.

   

3.650%, 12/01/23

    1,366,000        1,413,578   

Weatherford International, Ltd.

   

5.950%, 04/15/42 (e)

    3,070,000        3,297,530   
   

 

 

 
      4,711,108   
   

 

 

 

Packaging & Containers—0.0%

   

Ardagh Glass Finance plc

   

8.750%, 02/01/20 (EUR)

    133,000        175,545   

Ardagh Packaging Finance plc

   

9.250%, 10/15/20 (EUR)

    109,000        147,310   
   

 

 

 
      322,855   
   

 

 

 

Pharmaceuticals—1.5%

   

AbbVie, Inc.

   

4.400%, 11/06/42

    3,505,000        3,292,842   

Actavis Funding SCS

   

2.450%, 06/15/19 (144A)

    5,478,000        5,326,265   

3.850%, 06/15/24 (144A)

    9,451,000        9,161,544   

Actavis, Inc.

   

3.250%, 10/01/22 (e)

    5,315,000        5,126,541   

4.625%, 10/01/42

    2,815,000        2,572,206   

AmerisourceBergen Corp.

   

1.150%, 05/15/17

    12,290,000        12,210,103   

Bristol-Myers Squibb Co.

   

4.500%, 03/01/44 (e)

    6,886,000        7,130,825   

Express Scripts Holding Co.

   

1.250%, 06/02/17

    2,260,000        2,242,139   

Forest Laboratories, Inc.

   

5.000%, 12/15/21 (144A)

    5,205,000        5,563,546   

Novartis Capital Corp.

   

4.400%, 04/24/20

    3,180,000        3,521,122   

Pfizer, Inc.

   

3.400%, 05/15/24

    2,203,000        2,199,755   

4.300%, 06/15/43

    3,115,000        3,138,369   

4.400%, 05/15/44 (e)

    2,365,000        2,384,816   

 

MSF-24


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

  

Teva Pharmaceutical Finance Co. B.V.

   

3.650%, 11/10/21 (e)

    2,000,000      $ 2,032,810   
   

 

 

 
      65,902,883   
   

 

 

 

Pipelines—0.6%

   

Energy Transfer Partners L.P.

   

3.600%, 02/01/23

    6,225,000        6,059,421   

Kinder Morgan Energy Partners L.P.

   

4.150%, 02/01/24 (e)

    5,915,000        5,841,400   

4.250%, 09/01/24 (e)

    1,365,000        1,349,997   

5.400%, 09/01/44 (e)

    2,730,000        2,684,532   

TransCanada PipeLines, Ltd.

   

4.625%, 03/01/34

    2,805,000        2,877,776   

Williams Partners L.P.

   

3.900%, 01/15/25 (e)

    6,225,000        6,178,842   

5.400%, 03/04/44

    1,701,000        1,804,043   
   

 

 

 
      26,796,011   
   

 

 

 

Retail—0.2%

   

CVS Health Corp.

   

5.300%, 12/05/43

    1,039,000        1,164,098   

Debenhams plc

   

5.250%, 07/15/21 (GBP)

    200,000        304,776   

Dufry Finance SCA

   

4.500%, 07/15/22 (EUR)

    200,000        262,219   

Home Depot, Inc. (The)

   

4.400%, 03/15/45 (e)

    1,265,000        1,278,869   

House of Fraser Funding plc

   

8.875%, 08/15/18 (GBP)

    178,000        305,879   

Lowe’s Cos., Inc.

   

4.250%, 09/15/44 (e)

    1,265,000        1,232,691   

5.000%, 09/15/43

    1,285,000        1,409,585   

Unique Pub Finance Co. plc (The)

   

5.659%, 06/30/27 (GBP)

    188,623        309,609   

Wal-Mart Stores, Inc.

   

4.000%, 04/11/43

    3,732,000        3,630,254   
   

 

 

 
      9,897,980   
   

 

 

 

Software—0.3%

   

First Data Corp.

   

7.375%, 06/15/19 (144A)

    1,245,000        1,310,487   

Oracle Corp.

   

2.800%, 07/08/21

    10,610,000        10,530,849   

4.300%, 07/08/34

    2,430,000        2,447,598   
   

 

 

 
      14,288,934   
   

 

 

 

Telecommunications—2.0%

   

Altice S.A.

   

7.250%, 05/15/22 (EUR)

    100,000        130,726   

America Movil S.A.B. de C.V.

   

2.375%, 09/08/16

    7,975,000        8,145,426   

Cisco Systems, Inc.

   

2.125%, 03/01/19 (e)

    4,400,000        4,397,787   

Telecommunications—(Continued)

  

Intelsat Jackson Holdings S.A.

   

7.250%, 04/01/19

    4,886,000      5,130,300   

Level 3 Financing, Inc.

   

8.125%, 07/01/19

    5,270,000        5,612,550   

MetroPCS Wireless, Inc.

   

7.875%, 09/01/18

    270,000        280,665   

Sprint Communications, Inc.

   

9.000%, 11/15/18 (144A)

    10,180,000        11,757,900   

Sprint Corp.

   

7.875%, 09/15/23 (144A)

    3,535,000        3,747,100   

T-Mobile USA, Inc.

   

6.633%, 04/28/21

    1,345,000        1,378,625   

6.731%, 04/28/22

    1,295,000        1,324,137   

6.836%, 04/28/23

    410,000        421,275   

Telecom Italia S.p.A.

   

4.875%, 09/25/20 (EUR)

    200,000        277,626   

Telenet Finance V Luxembourg SCA

   

6.750%, 08/15/24 (EUR)

    320,000        451,172   

Verizon Communications, Inc.

   

2.625%, 02/21/20 (144A)

    7,408,000        7,315,067   

3.850%, 11/01/42

    11,092,000        9,686,045   

4.500%, 09/15/20

    3,735,000        4,040,725   

4.862%, 08/21/46 (144A)

    2,590,000        2,597,332   

5.012%, 08/21/54 (144A)

    2,570,000        2,582,200   

5.050%, 03/15/34 (e)

    7,455,000        7,898,647   

5.150%, 09/15/23

    3,734,000        4,134,916   

Virgin Media Secured Finance plc

   

6.000%, 04/15/21 (GBP)

    240,000        401,145   

Vodafone Group plc

   

2.500%, 09/26/22 (e)

    1,686,000        1,559,693   

2.950%, 02/19/23 (e)

    1,569,000        1,478,589   

Wind Acquisition Finance S.A.

   

4.203%, 07/15/20 (EUR) (b)

    300,000        377,494   
   

 

 

 
      85,127,142   
   

 

 

 

Transportation—0.4%

   

Burlington Northern Santa Fe LLC

   

3.000%, 03/15/23

    1,960,000        1,911,580   

3.750%, 04/01/24

    947,000        964,628   

FedEx Corp.

   

4.900%, 01/15/34

    2,920,000        3,142,230   

5.100%, 01/15/44

    1,695,000        1,817,877   

Gategroup Finance Luxembourg S.A.

   

6.750%, 03/01/19 (EUR)

    230,000        297,474   

Ryder System, Inc.

   

2.450%, 09/03/19

    4,415,000        4,390,250   

Union Pacific Railroad Co. Pass Through Trust

   

3.227%, 05/14/26

    3,990,000        3,975,037   
   

 

 

 
      16,499,076   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $1,017,283,593)

      1,026,874,028   
   

 

 

 

 

MSF-25


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Asset-Backed Securities—14.3%

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Automobile—4.9%

  

AmeriCredit Automobile Receivables Trust

   

1.520%, 01/08/19

    1,595,000      $ 1,587,566   

1.660%, 09/10/18

    1,400,000        1,407,035   

1.680%, 07/08/19

    3,191,000        3,174,905   

2.290%, 11/08/19

    845,000        846,189   

2.420%, 05/08/18

    3,450,000        3,509,174   

2.720%, 09/09/19

    860,000        875,912   

3.310%, 10/08/19

    2,010,000        2,052,347   

AUTO ABS SRL

   

2.800%, 04/27/25 (EUR)

    2,147,547        2,738,297   

Chesapeake Funding LLC

   

1.756%, 11/07/23 (144A) (b)

    3,230,000        3,263,169   

2.156%, 11/07/23 (144A) (b)

    2,075,000        2,096,260   

Chrysler Capital Auto Receivables Trust

   

0.560%, 12/15/16 (144A)

    3,111,989        3,114,263   

0.850%, 05/15/18 (144A)

    2,295,000        2,296,466   

1.270%, 03/15/19 (144A)

    3,175,000        3,167,863   

1.760%, 08/15/19 (144A)

    1,670,000        1,660,114   

1.780%, 06/17/19 (144A)

    1,455,000        1,452,634   

2.240%, 09/16/19 (144A)

    1,515,000        1,511,250   

2.280%, 11/15/19 (144A)

    2,150,000        2,138,009   

Credit Acceptance Auto Loan Trust

   

1.210%, 10/15/20 (144A)

    2,740,000        2,743,970   

1.500%, 04/15/21 (144A)

    2,870,000        2,883,036   

1.520%, 03/16/20 (144A)

    4,950,000        4,966,627   

1.550%, 10/15/21 (144A)

    7,190,000        7,218,242   

1.830%, 04/15/21 (144A)

    2,350,000        2,362,575   

1.880%, 03/15/22 (144A)

    6,280,000        6,279,060   

2.200%, 09/16/19 (144A)

    3,155,607        3,168,306   

2.290%, 04/15/22 (144A)

    1,965,000        1,987,710   

3.120%, 03/16/20 (144A)

    2,595,000        2,619,230   

DT Auto Owner Trust

   

1.430%, 03/15/18 (144A)

    2,895,000        2,902,301   

2.720%, 04/17/17 (144A)

    131,389        131,565   

4.940%, 07/16/18 (144A)

    3,689,059        3,750,316   

Hyundai Auto Receivables Trust

   

2.610%, 05/15/18

    5,570,000        5,717,956   

Prestige Auto Receivables Trust

   

0.970%, 03/15/18 (144A)

    4,491,253        4,491,702   

1.090%, 02/15/18 (144A)

    3,950,254        3,957,254   

1.330%, 05/15/19 (144A)

    6,000,000        6,007,782   

5.180%, 07/16/18 (144A)

    3,900,000        3,921,715   

Santander Drive Auto Receivables Trust

   

1.190%, 05/15/18

    8,640,000        8,649,314   

1.210%, 10/16/17 (144A)

    5,340,000        5,359,331   

1.420%, 08/16/18 (144A)

    976,331        976,331   

1.430%, 11/16/18 (144A)

    1,948,229        1,956,801   

1.430%, 02/19/19 (144A)

    1,116,796        1,116,796   

1.430%, 04/16/19 (144A)

    1,695,400        1,705,505   

1.430%, 06/18/19 (144A)

    1,783,086        1,783,086   

1.430%, 12/17/19 (144A)

    3,816,664        3,836,282   

1.450%, 05/15/19

    2,320,000        2,309,182   

1.620%, 02/15/19

    6,995,000        6,995,385   

1.780%, 11/15/18 (144A)

    9,950,000        10,021,013   

1.820%, 05/15/19

    9,415,000        9,409,709   

1.940%, 12/15/16

    7,111,341        7,137,326   

Asset-Backed - Automobile—(Continued)

  

Santander Drive Auto Receivables Trust

   

2.250%, 06/17/19

    5,820,000      5,847,965   

2.330%, 11/15/19

    9,395,000        9,390,321   

2.360%, 04/15/20

    4,275,000        4,297,807   

2.600%, 11/16/20

    3,015,000        3,011,831   

2.720%, 05/16/16

    630,409        631,434   

2.760%, 02/18/20

    3,040,000        3,029,366   

3.010%, 04/16/18

    5,350,000        5,458,701   

3.120%, 10/15/19 (144A)

    2,490,000        2,550,358   

3.200%, 02/15/18

    8,410,000        8,554,517   

3.250%, 01/15/20

    4,140,000        4,283,223   

3.780%, 10/15/19 (144A)

    1,625,000        1,694,652   
   

 

 

 
      212,007,036   
   

 

 

 

Asset-Backed - Credit Card—0.5%

   

CHLUPA Trust

   

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

    4,976,082        4,998,226   

World Financial Network Credit Card Master Trust

   

2.150%, 04/17/23

    6,545,000        6,461,139   

2.230%, 08/15/22

    10,290,000        10,292,367   
   

 

 

 
      21,751,732   
   

 

 

 

Asset-Backed - Home Equity—0.1%

   

GSAA Home Equity Trust

   

0.435%, 10/25/35 (b)

    4,815,822        4,501,585   

Option One Mortgage Loan Trust

   

1.280%, 11/25/32 (b)

    180,341        165,822   
   

 

 

 
      4,667,407   
   

 

 

 

Asset-Backed - Other—4.6%

   

American Homes 4 Rent

   

3.786%, 10/17/36 (144A)

    2,436,000        2,439,359   

Battalion CLO, Ltd.

   

1.632%, 10/22/25 (144A) (b)

    5,205,000        5,185,138   

Benefit Street Partners CLO II, Ltd.

   

1.434%, 07/15/24 (144A) (b)

    2,240,000        2,207,825   

Carlyle Global Market Strategies CLO, Ltd.

   

1.624%, 01/20/25 (144A) (b)

    7,820,000        7,797,220   

Chase Funding Trust

   

6.333%, 04/25/32

    846,920        863,626   

CIFC Funding, Ltd.

   

1.725%, 05/24/26 (144A) (b)

    2,780,000        2,777,317   

Countrywide Asset-Backed Certificates

   

0.315%, 01/25/46 (b)

    5,993,846        5,211,439   

CT CDO IV, Ltd.

   

0.464%, 10/20/43 (144A) (b)

    3,566,039        3,513,761   

Dryden Senior Loan Fund

   

1.664%, 11/15/23 (144A) (b)

    4,250,000        4,241,555   

First Franklin Mortgage Loan Trust

   

0.365%, 12/25/36 (b)

    14,359,218        8,885,685   

GT Loan Financing I, Ltd.

   

1.505%, 10/28/24 (144A) (b)

    5,670,000        5,621,198   

 

MSF-26


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

ING Investment Management Co.

   

1.684%, 01/18/26 (144A) (b)

    3,140,000      $ 3,137,956   

1.764%, 10/15/22 (144A) (b)

    3,395,000        3,395,048   

Invitation Homes Trust

   

1.254%, 09/17/31 (144A) (b)

    1,420,000        1,416,615   

KKR Financial CLO, Ltd.

   

1.384%, 07/15/25 (144A) (b)

    4,895,000        4,802,964   

Knollwood CDO, Ltd.

   

3.433%, 01/10/39 (144A) (b) (g)

    753,749        8   

Merrill Lynch First Franklin Mortgage Loan Trust

   

0.395%, 05/25/37 (b)

    14,641,603        8,698,708   

Northwoods Capital IX, Ltd.

   

1.654%, 01/18/24 (144A) (b)

    5,070,000        5,046,937   

Octagon Investment Partners XVI, Ltd.

   

1.353%, 07/17/25 (144A) (b)

    5,600,000        5,523,112   

OHA Loan Funding, Ltd.

   

1.505%, 08/23/24 (144A) (b)

    5,670,000        5,627,515   

OneMain Financial Issuance Trust

   

2.430%, 06/18/24 (144A)

    12,580,000        12,579,748   

2.470%, 09/18/24 (144A)

    9,640,000        9,643,017   

3.020%, 09/18/24 (144A)

    1,325,000        1,324,999   

4.330%, 09/18/24 (144A)

    3,075,000        3,078,536   

OZLM Funding IV, Ltd.

   

1.382%, 07/22/25 (144A) (b)

    9,625,000        9,485,303   

OZLM Funding, Ltd.

   

1.716%, 10/30/23 (144A) (b)

    8,930,000        8,923,588   

PFS Financing Corp.

   

1.254%, 02/15/18 (144A) (b)

    4,230,000        4,243,718   

PFS Tax Lien Trust

   

1.440%, 05/15/29 (144A)

    5,077,653        5,081,776   

Sound Point CLO, Ltd.

   

1.604%, 01/21/26 (144A) (b)

    2,185,000        2,166,972   

SpringCastle America Funding LLC

   

2.700%, 05/25/23 (144A)

    14,995,000        15,032,488   

3.750%, 04/03/21 (144A)

    10,632,161        10,716,097   

4.610%, 10/25/27 (144A)

    7,845,000        7,879,518   

Vibrant CLO, Ltd.

   

1.713%, 07/17/24 (144A) (b)

    16,240,000        16,202,534   

2.633%, 07/17/24 (144A) (b)

    3,060,000        3,059,556   
   

 

 

 
      195,810,836   
   

 

 

 

Asset-Backed - Student Loan—4.2%

  

Navient Student Loan Trust

   

0.854%, 09/16/24 (144A) (b)

    4,744,883        4,745,097   

1.904%, 10/17/44 (144A) (b)

    3,250,000        3,221,208   

Nelnet Student Loan Trust

   

0.685%, 08/23/36 (144A) (b)

    4,030,000        3,785,646   

1.005%, 07/27/37 (144A) (b)

    3,810,000        3,792,040   

1.885%, 11/25/24 (b)

    6,095,000        6,389,407   

Scholar Funding Trust

   

0.802%, 01/30/45 (144A) (b)

    12,688,153        12,636,677   

1.135%, 10/28/43 (144A) (b)

    1,604,336        1,611,070   

SLC Private Student Loan Trust

   

0.404%, 07/15/36 (b)

    8,777,642        8,706,254   

Asset-Backed - Student Loan—(Continued)

  

SLM Private Credit Student Loan Trust

   

0.404%, 03/15/23 (b)

    1,175,966      1,156,002   

0.414%, 03/15/23 (b)

    9,606,246        9,517,811   

0.424%, 12/15/23 (b)

    13,280,000        13,136,297   

0.434%, 06/15/21 (b)

    4,739,060        4,713,152   

0.784%, 12/16/30 (b)

    4,603,289        4,542,497   

SLM Private Education Loan Trust

   

0.754%, 08/15/22 (144A) (b)

    2,118,537        2,122,219   

0.804%, 07/15/22 (144A) (b)

    3,381,452        3,386,301   

1.004%, 02/15/22 (144A) (b)

    3,617,014        3,634,213   

1.554%, 08/15/25 (144A) (b)

    2,143,842        2,170,100   

1.554%, 10/15/31 (144A) (b)

    3,740,000        3,825,294   

1.770%, 05/17/27 (144A)

    3,985,000        3,925,596   

1.850%, 06/17/30 (144A)

    25,300,000        24,634,635   

2.090%, 06/15/45 (144A)

    4,455,000        4,433,669   

2.404%, 06/16/42 (144A) (b)

    3,271,000        3,494,180   

2.500%, 03/15/47 (144A)

    720,000        688,975   

2.654%, 01/15/43 (144A) (b)

    5,200,000        5,541,843   

2.940%, 10/15/31 (144A)

    7,000,000        7,149,079   

3.000%, 05/16/44 (144A)

    970,000        939,566   

3.310%, 10/15/46 (144A)

    6,235,000        6,482,137   

3.404%, 10/17/44 (144A) (b)

    3,420,000        3,668,234   

3.480%, 10/15/30 (144A)

    870,000        906,270   

3.740%, 02/15/29 (144A)

    1,685,000        1,762,987   

3.830%, 01/17/45 (144A)

    8,460,000        8,824,550   

4.540%, 10/17/44 (144A)

    5,040,000        5,364,223   

SLM Student Loan Trust

   

1.934%, 07/25/23 (b)

    10,876,000        11,347,301   
   

 

 

 
      182,254,530   
   

 

 

 

Total Asset-Backed Securities
(Cost $609,803,588)

      616,491,541   
   

 

 

 
Mortgage-Backed Securities—8.3%   

Collateralized Mortgage Obligations—1.7%

  

Banc of America Alternative Loan Trust

   

5.500%, 10/25/35

    2,930,502        2,680,325   

Countrywide Alternative Loan Trust

   

0.295%, 05/25/47 (b)

    5,695,050        4,795,391   

0.344%, 03/20/47 (b)

    3,304,754        2,624,712   

0.354%, 07/20/46 (b)

    5,722,422        3,946,817   

5.500%, 04/25/37

    1,693,885        1,424,301   

6.500%, 09/25/37

    12,354,229        10,049,547   

Countrywide Home Loan Mortgage Pass-Through Trust

   

0.355%, 04/25/46 (b)

    1,254,074        1,017,973   

6.000%, 04/25/36

    1,243,089        1,183,045   

Credit Suisse Mortgage Capital Certificates

   

2.448%, 03/27/37 (144A) (b)

    1,645,199        1,610,831   

2.594%, 05/27/36 (144A) (b)

    3,468,380        3,413,801   

2.717%, 08/27/46 (144A) (b)

    4,193,883        4,125,598   

Deutsche ALT-A Securities, Inc. Alternate Loan Trust

   

0.305%, 12/25/36 (b)

    5,287,833        4,564,362   

 

MSF-27


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Fannie Mae Connecticut Avenue Securities

   

4.555%, 01/25/24 (b)

    3,645,000      $ 3,912,131   

5.405%, 10/25/23 (b)

    7,415,000        8,375,391   

GSR Mortgage Loan Trust

   

6.000%, 07/25/37

    1,951,005        1,772,422   

JP Morgan Mortgage Trust

   

6.500%, 08/25/36

    694,865        617,616   

LSTAR Securities Investment Trust

   

3.254%, 09/01/21 (144A) (b)

    9,957,000        9,957,000   

Merrill Lynch Mortgage Investors Trust

   

2.724%, 05/25/36 (b)

    3,539,050        2,909,082   

Morgan Stanley Resecuritization Trust

   

0.326%, 11/26/33 (144A) (b)

    1,999,139        1,739,251   

Structured Adjustable Rate Mortgage Loan Trust

   

2.706%, 04/25/47 (b)

    2,403,541        1,916,182   

Wells Fargo Mortgage Backed Securities Trust

   

2.615%, 07/25/36 (b)

    1,296,916        1,294,373   
   

 

 

 
      73,930,151   
   

 

 

 

Commercial Mortgage-Backed Securities—6.6%

  

Banc of America Commercial Mortgage Trust

   

5.482%, 01/15/49 (b)

    630,000        662,053   

5.772%, 02/10/51 (b)

    2,590,000        2,771,598   

5.790%, 06/10/49 (b)

    6,914,374        7,474,721   

Banc of America Merrill Lynch Commercial Mortgage, Inc.

   

4.621%, 07/10/43

    3,730,819        3,763,628   

BB-UBS Trust

   

0.730%, 11/05/36 (144A) (b) (c)

    85,480,000        4,638,914   

BHMS Mortgage Trust

   

1.656%, 07/05/33 (144A) (b)

    2,695,000        2,695,000   

CD Mortgage Trust

   

6.316%, 11/15/44 (b)

    661,500        732,634   

Citigroup Commercial Mortgage Trust

   

0.904%, 06/15/33 (144A) (b)

    9,988,000        10,000,245   

4.960%, 05/15/43 (b)

    6,750,000        6,844,547   

COBALT CMBS Commercial Mortgage Trust

   

5.969%, 05/15/46 (b)

    4,494,000        4,884,744   

Commercial Mortgage Pass-Through Certificates

   

1.671%, 10/13/28 (144A) (b)

    5,888,061        5,925,597   

1.676%, 03/10/46 (b) (c)

    66,242,512        4,573,449   

1.696%, 03/10/46 (b) (c)

    40,992,403        3,422,661   

1.922%, 01/10/46 (b) (c)

    117,659,853        10,355,479   

3.367%, 02/10/28 (144A)

    3,665,000        3,606,045   

3.400%, 10/05/30 (144A)

    4,845,000        4,766,913   

3.654%, 06/11/27 (144A) (b)

    4,175,000        4,164,646   

5.543%, 12/11/49 (144A) (b)

    2,690,000        2,847,502   

Credit Suisse Commercial Mortgage Trust

   

5.448%, 01/15/49 (b)

    5,729        5,682   

Credit Suisse First Boston Mortgage Securities Corp.

   

4.771%, 07/15/37

    1,090,000        1,109,165   

Commercial Mortgage-Backed Securities—(Continued)

  

Credit Suisse Mortgage Capital Certificates

   

0.424%, 04/15/22 (144A) (b)

    3,119,260      3,094,146   

DBRR Trust

   

1.636%, 12/18/49 (144A) (b)

    3,958,358        3,978,768   

5.933%, 06/17/49 (144A) (b)

    3,160,000        3,434,155   

Del Coronado Trust

   

5.154%, 03/15/18 (144A) (b)

    2,555,000        2,562,154   

Extended Stay America Trust

   

2.675%, 12/05/31 (144A)

    3,210,000        3,190,830   

2.958%, 12/05/31 (144A)

    4,640,000        4,680,586   

Greenwich Capital Commercial Mortgage Trust

   

5.867%, 12/10/49 (b)

    3,255,000        3,553,754   

6.257%, 12/10/49 (b)

    318,000        331,631   

GS Mortgage Securities Corp. II

   

1.888%, 02/10/46 (b) (c)

    107,289,685        10,680,366   

3.550%, 12/10/27 (144A) (b)

    9,462,358        8,892,942   

GS Mortgage Securities Trust

   

1.387%, 04/10/47 (b) (c)

    11,407,384        884,061   

Hilton USA Trust

   

1.817%, 11/05/30 (144A) (b) (c)

    64,000,000        247,680   

5.609%, 11/05/30 (144A) (b)

    6,747,000        6,851,606   

JPMorgan Chase Commercial Mortgage Securities Corp.

   

2.079%, 12/15/47 (b) (c)

    9,868,610        952,479   

JPMorgan Chase Commercial Mortgage Securities Trust

   

0.727%, 04/15/46 (b) (c)

    4,900,000        207,985   

1.169%, 08/15/46 (b) (c)

    74,998,789        3,430,370   

1.717%, 04/15/46 (b) (c)

    27,715,836        2,490,462   

3.429%, 06/10/27 (144A)

    1,140,000        1,164,632   

3.958%, 04/15/46 (b)

    2,230,000        2,183,299   

5.431%, 06/12/47 (b)

    11,281,406        12,158,344   

5.951%, 06/15/43 (144A)

    8,060,000        9,160,198   

LB-UBS Commercial Mortgage Trust

   

5.205%, 04/15/30 (b)

    3,610,000        3,674,439   

Merrill Lynch Mortgage Trust

   

5.462%, 11/12/37 (b)

    5,045,000        5,218,533   

6.028%, 06/12/50 (b)

    3,198,196        3,422,003   

Morgan Stanley Bank of America Merrill Lynch Trust

   

1.402%, 11/15/46 (b) (c)

    33,656,022        2,581,989   

1.861%, 02/15/46 (b) (c)

    24,697,034        2,284,970   

Morgan Stanley Capital I Trust

   

5.406%, 03/15/44

    3,090,000        3,327,479   

5.665%, 04/15/49 (b)

    3,905,069        4,242,264   

5.773%, 04/12/49 (b)

    8,065,000        8,659,721   

6.105%, 06/11/49 (b)

    8,726,000        9,432,178   

Morgan Stanley Capital I, Inc.

   

6.340%, 07/15/30 (144A) (b)

    105,953        105,868   

Morgan Stanley Re-REMIC Trust

   

Zero Coupon, 03/23/51 (144A) (h)

    5,158,078        5,021,176   

Zero Coupon, 07/17/56 (144A) (h)

    1,299,981        1,293,078   

1.000%, 03/27/51 (144A)

    3,915,501        3,875,425   

2.000%, 07/27/49 (144A)

    3,852,224        3,866,670   

5.991%, 08/15/45 (144A) (b)

    1,560,000        1,692,623   

 

MSF-28


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Motel 6 Trust

   

2.743%, 10/05/25 (144A)

    3,135,000      $ 3,133,313   

RBSCF Trust

   

6.140%, 02/16/51 (144A) (b)

    9,211,779        9,923,333   

SCG Trust

   

1.554%, 11/15/26 (144A) (b)

    5,285,000        5,300,353   

2.104%, 11/15/26 (144A) (b)

    3,290,000        3,300,192   

STRIPs, Ltd.

   

1.500%, 12/25/44 (144A)

    5,705,807        5,648,749   

VFC LLC

   

2.750%, 07/20/30 (144A)

    3,558,330        3,558,515   

Wachovia Bank Commercial Mortgage Trust

   

0.554%, 09/15/21 (144A) (b)

    4,285,000        4,159,874   

6.140%, 02/15/51 (b)

    4,472,000        4,652,799   

Wells Fargo Resecuritization Trust

   

1.750%, 08/20/21 (144A)

    2,972,201        2,973,539   

WF-RBS Commercial Mortgage Trust

   

0.783%, 08/15/46 (b) (c)

    43,839,463        1,600,184   

1.410%, 05/15/47 (b) (c)

    12,309,566        959,765   

1.634%, 03/15/47 (b) (c)

    27,636,464        2,401,111   

1.643%, 03/15/48 (144A) (b) (c)

    65,064,442        5,454,092   

1.952%, 12/15/45 (144A) (b) (c)

    42,364,355        4,281,299   
   

 

 

 
      285,421,205   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $368,701,202)

      359,351,356   
   

 

 

 
Foreign Government—2.1%   

Sovereign—2.1%

  

Brazilian Government International Bond

   

4.250%, 01/07/25

    9,653,000        9,556,470   

Colombia Government International Bond

   

4.000%, 02/26/24

    5,175,000        5,234,513   

Indonesia Government International Bonds

   

5.375%, 10/17/23 (144A) (e)

    7,195,000        7,680,662   

5.875%, 01/15/24 (144A)

    3,190,000        3,516,975   

Italy Buoni Poliennali Del Tesoro

   

2.350%, 09/15/19 (EUR)

    16,185,581        22,589,660   

Mexico Government International Bond

   

4.000%, 10/02/23

    16,050,000        16,587,675   

Peruvian Government International Bond

   

7.350%, 07/21/25 (e)

    2,900,000        3,777,250   

Poland Government International Bond

   

5.000%, 03/23/22

    3,500,000        3,845,625   

Slovenia Government International Bonds

   

4.125%, 02/18/19 (144A)

    2,015,000        2,098,119   

5.250%, 02/18/24 (144A)

    1,744,000        1,857,360   

South Africa Government International Bond

   

4.665%, 01/17/24 (e)

    2,600,000        2,619,500   

Turkey Government International Bonds

   

5.750%, 03/22/24 (e)

    10,500,000        11,147,850   
   

 

 

 

Total Foreign Government
(Cost $88,994,210)

      90,511,659   
   

 

 

 
Municipals—0.6%   
Security Description   Principal/
Notional
Amount*
    Value  

Los Angeles Community College District

   

6.600%, 08/01/42

    980,000      1,350,038   

Metropolitan Transportation Authority Build America Bonds

   

6.814%, 11/15/40

    1,005,000        1,375,282   

Municipal Electric Authority of Georgia, Build America Bonds

   

6.637%, 04/01/57

    850,000        1,066,019   

New Jersey State Turnpike Authority

   

7.414%, 01/01/40

    1,241,000        1,777,348   

New York City Water & Sewer System

   

5.375%, 06/15/43

    2,360,000        2,742,934   

5.500%, 06/15/43

    2,825,000        3,321,268   

5.882%, 06/15/44

    980,000        1,239,220   

New York State Dormitory Authority Build America Bonds

   

5.389%, 03/15/40

    950,000        1,153,652   

Port Authority of New York & New Jersey

   

4.960%, 08/01/46

    1,635,000        1,804,582   

State of California General Obligation Unlimited, Build America Bonds
7.600%, 11/01/40

    4,580,000        6,772,400   

State of Illinois
5.100%, 06/01/33

    4,380,000        4,253,199   

University of California
4.858%, 05/15/2112

    915,000        878,299   
   

 

 

 

Total Municipals
(Cost $25,780,017)

      27,734,241   
   

 

 

 
Purchased Options—0.6%   

Call Options—0.4%

  

1 Year Interest Rate Swap, Exercise Rate 11.40, Expires 07/01/15 (Counterparty - Credit Suisse International) (BRL)

    65,256,000        61,397   

1 Year Interest Rate Swap, Exercise Rate 11.40, Expires 07/01/15 (Counterparty - Deutsche Bank AG) (BRL)

    23,305,000        21,927   

1 Year Interest Rate Swap, Exercise Rate 11.50, Expires 01/02/15 (Counterparty - Credit Suisse International) (BRL)

    43,674,000        13,792   

1 Year Interest Rate Swap, Exercise Rate 11.50, Expires 01/02/15 (Counterparty - JPMorgan Chase Bank N.A.) (BRL)

    46,710,000        14,751   

10 Year Interest Rate Swap, Exercise Rate 2.15, Expires 02/27/15 (Counterparty - Barclays Bank plc)

    12,800,000        13,929   

10 Year Interest Rate Swap, Exercise Rate 2.15, Expires 02/27/15 (Counterparty - Deutsche Bank AG)

    7,900,000        8,597   

10 Year Interest Rate Swap, Exercise Rate 2.20, Expires 03/04/15 (Counterparty - Barclays Bank plc)

    20,700,000        31,313   

2 Year Interest Rate Swap, Exercise Rate 11.50, Expires 01/02/15 (Counterparty - Deutsche Bank AG) (BRL)

    32,003,000        34,922   

 

MSF-29


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Purchased Options—(Continued)

 

Security Description   Notional
Amount*
    Value  

Call Options—(Continued)

  

2 Year Interest Rate Swap, Exercise Rate 11.80, Expires 01/02/15 (Counterparty - Credit Suisse International) (BRL)

    21,460,000      $ 16,123   

2 Year Interest Rate Swap, Exercise Rate 11.80, Expires 01/02/15 (Counterparty - Credit Suisse International) (BRL)

    17,238,000        12,951   

5 Year Interest Rate Swap, Exercise Rate 2.53, Expires 09/30/15 (Counterparty - Barclays Bank plc)

    142,570,000        2,270,427   

EURO Currency, Strike Price MXN 17.50, Expires 11/06/14 (Counterparty - Barclays Bank plc) (EUR)

    2,974,400        16,846   

USD Currency, Strike Price BRL 2.18/2.39, Expires 12/11/14 (Counterparty - JPMorgan Chase Bank N.A.) (i)

    270,000        0   

USD Currency, Strike Price BRL 2.46, Expires 11/07/14 (Counterparty - Goldman Sachs & Co.)

    5,111,000        140,052   

USD Currency, Strike Price BRL 2.46, Expires 11/21/14 (Counterparty - Goldman Sachs & Co.)

    10,148,000        319,266   

USD Currency, Strike Price BRL 2.50, Expires 11/07/14 (Counterparty - Morgan Stanley Capital Services, LLC)

    7,301,000        159,162   

USD Currency, Strike Price JPY 102.00, Expires 01/12/15 (Counterparty - Bank of America N.A.)

    48,955,000        3,471,986   

USD Currency, Strike Price JPY 102.00, Expires 10/09/14 (Counterparty - Bank of America N.A.)

    39,890,000        2,798,722   

USD Currency, Strike Price JPY 105.00, Expires 01/12/15 (Counterparty - Deutsche Bank AG)

    97,910,000        4,544,003   

USD Currency, Strike Price JPY 105.00, Expires 10/09/14 (Counterparty - Bank of America N.A.)

    39,890,000        1,710,523   

USD Currency, Strike Price JPY 105.00, Expires 10/09/14 (Counterparty - Bank of America N.A.)

    39,885,000        1,710,309   

USD Currency, Strike Price TRY 2.25, Expires 10/21/14 (Counterparty - BNP Paribas S.A.)

    2,296,000        45,690   
   

 

 

 
      17,416,688   
   

 

 

 

Put Options—0.2%

  

1 Year Interest Rate Swap, Exercise Rate 12.30, Expires 01/02/15 (Counterparty - Bank of America N.A.) (BRL)

    66,862,000        65,694   

1.5 Year Interest Rate Swap, Exercise Rate 0.75, Expires 12/16/14 (Counterparty - Barclays Bank plc)

    40,396,200        44,408   

Put Options—(Continued)

  

10 Year Interest Rate Swap, Exercise Rate 2.70, Expires 11/07/14 (Counterparty - Credit Suisse International)

    95,380,000      $ 730,229   

10 Year U.S. Treasury Note Futures, Exercise Rate 124.00, Expires 10/24/14 (Counterparty - UBS AG)

    70        22,969   

2 Year Interest Rate Swap, Exercise Rate 12.50, Expires 01/02/15 (Counterparty - Credit Suisse International) (BRL)

    12,929,000        25,586   

5 Year Interest Rate Swap, Exercise Rate 2.53, Expires 09/30/15 (Counterparty - Barclays Bank plc)

    142,570,000        2,270,427   

EUR Currency, Strike Price MXN 16.80, Expires 11/06/14 (Counterparty - Deutsche Bank AG) (EUR)

    7,436,000        66,035   

EUR Currency, Strike Price USD 1.29, Expires 10/06/14 (Counterparty - Citibank N.A.) (EUR)

    52,695,000        1,435,955   

Eurodollar Futures @ 99.625, Expires 03/16/15 (Counterparty - ICAP Securities Ltd.)

    2,340        248,625   

Eurodollar Midcurve 1 Year Futures @ 98.500, Expires 03/15/14 (Counterparty - JPMorgan Chase Bank N.A.)

    4,674        1,665,113   

Eurodollar Midcurve 1 Year Futures @ 98.625, Expires 07/11/14 (Counterparty - JPMorgan Chase Bank N.A.)

    134        65,325   

Eurodollar Midcurve 2 Years Futures @ 97.875, Expires 12/12/14 (Counterparty - Citigroup Global Markets)

    102        51,000   

GBP Currency, Strike Price USD 1.61, Expires 10/02/14 (Counterparty - Deutsche Bank AG) (GBP)

    57,494,383        31,597   

GBP Currency, Strike Price USD 1.61, Expires 10/02/14 (Counterparty - JPMorgan Chase Bank N.A.) (GBP)

    40,280,617        22,137   

GBP Currency, Strike Price USD 1.645, Expires 10/02/14 (Counterparty - Deutsche Bank N.A.) (GBP)

    76,026,000        1,824,094   

USD Currency, Strike Price BRL 2.10, Expires 01/08/15 (Counterparty - JPMorgan Chase Bank N.A.)

    649,000        15,143   

USD Currency, Strike Price ZAR 11.00, Expires 10/07/14 (Counterparty - Deutsche Bank AG)

    4,425,000        1,305   
   

 

 

 
      8,585,642   
   

 

 

 

Total Purchased Options
(Cost $14,809,295)

      26,002,330   
   

 

 

 

 

MSF-30


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Floating Rate Loans (b)—0.4%

 

Security Description  

Shares/

Principal
Amount*

    Value  

Lodging—0.2%

  

Motel 6 Trust

   

Mezzanine Term Loan, 10.000%, 10/15/17

    7,123,380      $ 7,337,081   
   

 

 

 

Media—0.2%

  

Charter Communications Operating LLC

   

Term Loan G, 4.250%, 09/12/21

    7,865,000        7,850,953   
   

 

 

 

Total Floating Rate Loans
(Cost $14,949,163)

      15,188,034   
   

 

 

 
Preferred Stocks—0.2%   

Diversified Financial Services—0.2%

  

Citigroup Capital XIII, 7.875% (b) (e)

    292,339        7,869,766   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

Federal Home Loan Mortgage Corp. Series Z, 8.375% (e)

    70,000        721,000   

Federal National Mortgage Association Series S, 8.250%

    70,000        644,000   
   

 

 

 
      1,365,000   
   

 

 

 

Total Preferred Stocks
(Cost $8,194,785)

      9,234,766   
   

 

 

 
Short-Term Investments—12.1%   

Mutual Fund—3.4%

  

State Street Navigator Securities Lending MET Portfolio (k)

    144,923,680        144,923,680   
   

 

 

 

Repurchase Agreements—8.7%

  

BNP Paribas Securities Corp. Repurchase Agreement dated 09/19/14 at (1.800)% to be repurchased at $23,779,294 on 10/01/14 collateralized by $24,000,000 U.S. Treasury Note at 1.625% due 08/31/19 with a value of $23,835,000 (j)

    23,790,000        23,790,000   

Citigroup Global Markets, Inc. Repurchase Agreement dated 09/29/14 at (2.000)% to be repurchased at $9,347,506 on 10/01/14 collateralized by $9,395,000 U.S. Treasury Note at 1.625% due 08/31/19 with a value of $9,330,409 (j)

    9,348,025        9,348,025   

Repurchase Agreements—(Continued)

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $339,484,018 on10/01/14, collateralized by $343,625,000 U.S. Government Agency obligations with rates ranging from 0.000% - 11.250%, maturity dates ranging from 02/15/15 - 07/31/15, with a value of $346,275,629.

    339,484,018      339,484,018   
   

 

 

 
      372,622,043   
   

 

 

 

Total Short-Term Investments
(Cost $517,545,723)

      517,545,723   
   

 

 

 

Total Investments—124.0%
(Cost $5,321,986,121) (l)

      5,339,939,808   

Other assets and liabilities (net)—(24.0)%

      (1,033,806,132
   

 

 

 
Net Assets—100.0%     $ 4,306,133,676   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b) Variable or floating rate security. The stated rate represents the rate at September 30, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2014, the market value of securities pledged was $4,368,092.
(e) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $170,238,387 and the collateral received consisted of cash in the amount of $144,923,680 and non-cash collateral with a value of $31,349,503. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(f) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(g) 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, 2014, the market value of restricted securities was $8, which is 0.0% of net assets. See details shown in the Restricted Securities table that follows.
(h) Principal only security.
(i) Represents barrier rates.

 

MSF-31


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

(j) All of the security was pledged as collateral against open reverse repurchase agreements.
(k) Represents investment of cash collateral received from securities lending transactions.
(l) As of September 30, 2014, the aggregate cost of investments was $5,321,986,121. The aggregate unrealized appreciation and depreciation of investments were $62,682,430 and $(44,728,743), respectively, resulting in net unrealized appreciation of $17,953,687.
(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, 2014, the market value of 144A securities was $700,283,516, which is 16.3% of net assets.
(ARM)— Adjustable-Rate Mortgage
(BRL)— Brazilian Real
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(EUR)— Euro
(GBP)— British Pound
(REMIC)— Real Estate Mortgage Investment Conduit

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Knollwood CDO, Ltd. Series 2004-1A Class C

     02/10/04       $ 753,749       $ 753,749       $ 8   
           

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
AUD     5,891,000      

BNP Paribas S.A.

     12/17/14         USD         5,326,123       $ (196,092
AUD     5,891,000      

BNP Paribas S.A.

     12/17/14         USD         5,315,095         (185,063
AUD     5,892,000      

Citibank N.A.

     12/17/14         USD         5,323,363         (192,461
AUD     5,891,000      

Goldman Sachs & Co.

     12/17/14         USD         5,324,168         (194,137
BRL     5,079,868      

BNP Paribas S.A.

     10/02/14         USD         2,197,650         (122,329
BRL     1,573,550      

Bank of America N.A.

     10/02/14         USD         642,003         852   
BRL     3,388,500      

Goldman Sachs & Co.

     10/02/14         USD         1,382,497         1,836   
BRL     2,917,880      

Goldman Sachs & Co.

     11/12/14         USD         1,190,000         (11,139
CAD     22,056,377      

Goldman Sachs & Co.

     12/17/14         USD         19,925,000         (266,559
CLP     799,133,500      

Credit Suisse International

     10/17/14         USD         1,333,000         1,280   
CLP     6,201,100,800      

Credit Suisse International

     10/17/14         USD         10,368,000         (14,282
COP     4,527,256,750      

Goldman Sachs & Co.

     10/17/14         USD         2,231,000         2,056   
COP     2,131,712,180      

Morgan Stanley & Co.

     10/17/14         USD         1,066,000         (14,539
EUR     30,000,000      

Bank of America N.A.

     10/06/14         USD         38,817,540         (925,051
EUR     80,000,000      

JPMorgan Chase Bank N.A.

     10/21/14         USD         103,356,400         (2,300,014
EUR     32,374,000      

Deutsche Bank AG

     12/17/14         USD         41,187,174         (274,997
INR     300,809,250      

Deutsche Bank AG

     10/14/14         USD         4,970,000         (111,248
MXN     71,689,550      

BNP Paribas S.A.

     10/14/14         USD         5,424,000         (90,651
MXN     17,961,520      

Goldman Sachs & Co.

     10/14/14         USD         1,360,000         (23,751
RUB     381,024,900      

Credit Suisse International

     10/20/14         USD         10,485,000         (897,090
RUB     84,915,000      

BNP Paribas S.A.

     11/26/14         USD         2,250,000         (129,667
RUB     496,041,170      

Credit Suisse International

     11/26/14         USD         13,148,000         (761,818
RUB     581,350,000      

Deutsche Bank AG

     11/26/14         USD         15,400,000         (883,651
TRY     1,736,503      

BNP Paribas S.A.

     10/14/14         USD         765,000         (4,750
TRY     3,475,637      

BNP Paribas S.A.

     10/17/14         USD         1,530,000         (9,512
TRY     30,159,500      

Bank of America N.A.

     12/04/14         USD         13,777,752         (741,454
TRY     30,159,500      

Deutsche Bank AG

     12/04/14         USD         13,680,880         (644,582
TRY     1,871,990      

Goldman Sachs & Co.

     12/04/14         USD         850,518         (41,359
TRY     4,832,215      

Goldman Sachs & Co.

     12/04/14         USD         2,207,499         (118,797
TRY     6,463,994      

Goldman Sachs & Co.

     12/04/14         USD         2,936,844         (142,814
TRY     25,867,000      

Goldman Sachs & Co.

     03/03/15         USD         11,606,318         (672,193
TRY     2,847,832      

Bank of America N.A.

     05/07/15         USD         1,248,294         (63,855
TRY     3,335,345      

Bank of America N.A.

     05/07/15         USD         1,452,866         (65,666
TRY     4,617,728      

Bank of America N.A.

     05/07/15         USD         2,014,952         (94,397
TRY     5,227,933      

Bank of America N.A.

     05/07/15         USD         2,296,430         (122,085
TRY     7,534,248      

Barclays Bank plc

     05/07/15         USD         3,302,742         (169,180
TRY     25,968,000      

Deutsche Bank AG

     05/26/15         USD         11,448,726         (698,949
TRY     28,892,500      

Deutsche Bank AG

     05/26/15         USD         12,603,603         (643,193

 

MSF-32


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
TRY     46,289,500      

Deutsche Bank AG

     05/26/15         USD         20,236,732       $ (1,074,617
TRY     46,289,500      

Goldman Sachs & Co.

     05/26/15         USD         20,118,872         (956,757
ZAR     11,508,007      

BNP Paribas S.A.

     10/02/14         USD         1,047,325         (27,360
ZAR     21,986,988      

BNP Paribas S.A.

     10/02/14         USD         2,001,000         (52,274
ZAR     33,129,322      

BNP Paribas S.A.

     10/02/14         USD         3,002,000         (65,719
ZAR     7,313,418      

Citibank N.A.

     10/02/14         USD         665,750         (17,555
ZAR     11,196,735      

Deutsche Bank AG

     10/02/14         USD         1,047,325         (54,949
ZAR     16,579,950      

JPMorgan Chase Bank N.A.

     10/02/14         USD         1,500,000         (30,505
ZAR     9,049,740      

Deutsche Bank AG

     10/03/14         USD         812,000         (10,045
ZAR     8,225,867      

Goldman Sachs & Co.

     10/03/14         USD         737,250         (8,304
ZAR     13,883,401      

Goldman Sachs & Co.

     10/03/14         USD         1,253,750         (23,454

Contracts to Deliver

                                  
AUD     1,977,000      

Deutsche Bank AG

     10/21/14         USD         1,838,017         109,381   
AUD     55,707,383      

Barclays Bank plc

     12/17/14         USD         50,395,333         1,883,938   
BRL     5,079,868      

BNP Paribas S.A.

     10/02/14         USD         2,072,569         (2,752
BRL     1,573,550      

Bank of America N.A.

     10/02/14         USD         697,650         54,794   
BRL     3,388,500      

Goldman Sachs & Co.

     10/02/14         USD         1,500,000         115,667   
BRL     2,928,828      

Goldman Sachs & Co.

     11/12/14         USD         1,190,000         6,716   
CAD     21,985,982      

Royal Bank of Scotland plc

     12/17/14         USD         19,925,000         329,301   
CLP     2,901,975,480      

Credit Suisse International

     10/17/14         USD         4,814,000         (31,307
CLP     2,011,865,460      

Credit Suisse International

     10/17/14         USD         3,333,000         (26,128
CLP     1,335,598,350      

Goldman Sachs & Co.

     10/17/14         USD         2,221,000         (8,993
CLP     800,133,250      

Morgan Stanley & Co.

     10/17/14         USD         1,333,000         (2,949
COP     12,664,686,904      

Credit Suisse International

     10/17/14         USD         6,344,080         97,260   
COP     2,117,502,400      

Credit Suisse International

     10/17/14         USD         1,066,000         21,548   
COP     3,560,567,800      

Morgan Stanley & Co.

     10/17/14         USD         1,759,000         2,760   
EUR     14,933,000      

Barclays Bank plc

     10/21/14         USD         18,967,508         104,071   
EUR     118,264,000      

JPMorgan Chase Bank N.A.

     10/21/14         USD         160,037,565         10,645,909   
EUR     10,000      

Toronto Dominion Bank

     10/21/14         USD         13,529         897   
EUR     32,374,000      

Credit Suisse International

     12/17/14         USD         41,922,031         1,009,855   
EUR     31,501,000      

Deutsche Bank AG

     12/17/14         USD         40,091,008         282,072   
GBP     2,714,000      

Bank of America N.A.

     10/21/14         USD         4,637,385         238,308   
GBP     2,000,000      

Goldman Sachs & Co.

     10/21/14         USD         3,270,100         28,334   
INR     306,698,700      

Barclays Bank plc

     10/14/14         USD         4,970,000         16,120   
MXN     28,600,635      

Deutsche Bank AG

     10/14/14         USD         2,144,400         16,654   
MXN     56,616,690      

Morgan Stanley & Co.

     10/14/14         USD         4,267,000         54,997   
MXN     4,949,320      

Goldman Sachs & Co.

     10/15/14         USD         372,600         4,421   
RUB     375,598,913      

Goldman Sachs & Co.

     10/20/14         USD         10,485,000         1,033,626   
RUB     754,678,733      

Credit Suisse International

     11/26/14         USD         20,313,000         1,468,621   
RUB     384,799,500      

Credit Suisse International

     11/26/14         USD         10,485,000         876,530   
TRY     1,727,447      

BNP Paribas S.A.

     10/14/14         USD         765,000         8,715   
TRY     4,394,161      

Deutsche Bank AG

     10/15/14         USD         1,913,000         (10,296
TRY     5,192,151      

BNP Paribas S.A.

     10/17/14         USD         2,296,000         24,587   
TRY     5,118,588      

BNP Paribas S.A.

     10/17/14         USD         2,296,000         56,769   
TRY     3,433,038      

BNP Paribas S.A.

     10/17/14         USD         1,531,000         29,147   
TRY     8,595,276      

Deutsche Bank AG

     10/17/14         USD         3,868,000         107,821   
TRY     5,218,945      

Deutsche Bank AG

     10/17/14         USD         2,295,000         11,866   
TRY     1,704,038      

Goldman Sachs & Co.

     10/17/14         USD         765,000         19,534   
TRY     5,227,933      

Bank of America N.A.

     12/04/14         USD         2,374,473         114,725   
TRY     25,772,000      

Deutsche Bank AG

     12/04/14         USD         11,652,575         512,753   
TRY     13,353,000      

Deutsche Bank AG

     12/04/14         USD         6,100,046         328,276   
TRY     12,917,000      

Deutsche Bank AG

     12/04/14         USD         5,821,878         238,567   
TRY     8,277,000      

Deutsche Bank AG

     12/04/14         USD         3,801,672         223,979   
TRY     4,741,105      

Deutsche Bank AG

     12/04/14         USD         2,177,016         127,696   
TRY     3,199,162      

Goldman Sachs & Co.

     12/04/14         USD         1,478,561         95,738   

 

MSF-33


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
TRY     16,732,000      

Bank of America N.A.

     03/03/15         USD         7,501,457       $ 428,748   
TRY     9,135,000      

Deutsche Bank AG

     03/03/15         USD         4,096,229         234,814   
TRY     6,577,228      

BNP Paribas S.A.

     05/07/15         USD         2,917,119         181,590   
TRY     1,958,725      

Bank of America N.A.

     05/07/15         USD         864,455         49,803   
TRY     1,910,275      

Bank of America N.A.

     05/07/15         USD         833,563         39,062   
TRY     1,413,154      

Bank of America N.A.

     05/07/15         USD         623,441         35,698   
TRY     4,567,366      

Deutsche Bank AG

     05/07/15         USD         2,027,867         128,259   
TRY     3,340,422      

Deutsche Bank AG

     05/07/15         USD         1,455,204         65,893   
TRY     3,795,915      

Goldman Sachs & Co.

     05/07/15         USD         1,683,258         104,503   
TRY     30,159,500      

Bank of America N.A.

     05/26/15         USD         13,287,294         802,393   
TRY     17,631,000      

Bank of America N.A.

     05/26/15         USD         7,848,208         549,636   
TRY     30,159,500      

Deutsche Bank AG

     05/26/15         USD         13,181,600         696,699   
TRY     9,135,000      

Deutsche Bank AG

     05/26/15         USD         4,037,212         255,665   
TRY     6,851,000      

Deutsche Bank AG

     05/26/15         USD         3,030,343         194,286   
TRY     13,702,500      

Goldman Sachs & Co.

     05/26/15         USD         6,023,077         350,756   
TRY     13,267,000      

Goldman Sachs & Co.

     05/26/15         USD         5,853,777         361,737   
TRY     13,267,000      

Goldman Sachs & Co.

     05/26/15         USD         5,859,982         367,942   
TRY     8,845,000      

Goldman Sachs & Co.

     05/26/15         USD         3,931,461         269,963   
TRY     4,422,000      

Goldman Sachs & Co.

     05/26/15         USD         1,975,871         145,329   
ZAR     55,688,004      

BNP Paribas S.A.

     10/02/14         USD         5,220,000         284,324   
ZAR     53,650,378      

BNP Paribas S.A.

     10/02/14         USD         5,029,000         273,920   
ZAR     33,522,070      

BNP Paribas S.A.

     10/02/14         USD         3,001,000         29,914   
ZAR     22,583,260      

BNP Paribas S.A.

     10/02/14         USD         2,094,650         93,076   
ZAR     20,789,942      

BNP Paribas S.A.

     10/02/14         USD         1,898,000         55,369   
ZAR     11,841,848      

Goldman Sachs & Co.

     10/02/14         USD         1,072,000         22,447   
ZAR     21,313,775      

BNP Paribas S.A.

     10/03/14         USD         1,918,000         29,251   
ZAR     9,761,108      

Deutsche Bank AG

     10/03/14         USD         885,000         20,006   
ZAR     81,375,084      

Citibank N.A.

     11/03/14         USD         7,175,250         550   
ZAR     21,274,590      

Credit Suisse International

     11/03/14         USD         1,876,000         256   

Cross Currency Contracts to Buy

                           
EUR     16,766,561      

BNP Paribas S.A.

     12/17/14         GBP         13,106,000         (44,168
EUR     16,761,290      

Citibank N.A.

     12/17/14         GBP         13,104,000         (47,590
GBP     26,210,000      

Royal Bank of Scotland plc

     12/17/14         EUR         33,327,654         344,755   
                

 

 

 

Net Unrealized Appreciation

  

   $ 12,401,574   
                

 

 

 

TBA Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     4.000     TBA         (18,000,000   $ (19,004,062   $ (19,037,812

Fannie Mae 30 Yr. Pool

     5.000     TBA         (1,400,000     (1,540,000     (1,544,681

Fannie Mae 30 Yr. Pool

     4.500     TBA         (15,380,000     (16,483,034     (16,550,922

Fannie Mae 30 Yr. Pool

     4.500     TBA         (24,100,000     (26,016,703     (26,001,639

Fannie Mae 30 Yr. Pool

     3.000     TBA         (29,800,000     (29,223,176     (29,293,631

Freddie Mac 30 Yr. Gold Pool

     3.000     TBA         (17,780,000     (17,578,088     (17,553,589

Ginnie Mae I 30 Yr. Pool

     3.500     TBA         (19,100,000     (19,684,937     (19,735,671

Ginnie Mae II 30 Yr. Pool

     5.000     TBA         (1,200,000     (1,316,625     (1,319,930

Ginnie Mae II 30 Yr. Pool

     3.500     TBA         (83,600,000     (86,917,875     (86,261,490

Ginnie Mae II 30 Yr. Pool

     3.500     TBA         (158,100,000     (163,009,516     (163,361,758

Ginnie Mae II 30 Yr. Pool

     4.000     TBA         (237,300,000     (251,719,313     (251,482,353
         

 

 

   

 

 

 

Totals

  

  $ (632,493,329   $ (632,143,476
         

 

 

   

 

 

 

 

MSF-34


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Futures Contracts

 

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
    Notional
Amount
    Unrealized
Appreciation/
(Depreciation)
 

Australian 10 Year Treasury Bond Futures

     12/15/14         763        AUD         91,270,076      $ 788,432   

U.S. Treasury Long Bond Futures

     12/19/14         466        USD         63,887,426        376,886   

U.S. Treasury Note 2 Year Futures

     12/31/14         1,488        USD         325,836,666        (197,166

U.S. Treasury Note 5 Year Futures

     12/31/14         586        USD         69,252,047        47,032   

U.S. Treasury Ultra Long Bond Futures

     12/19/14         786        USD         120,918,140        (1,053,140

Futures Contracts—Short

                                

90 Day EuroDollar Futures

     12/14/15         (1,038     USD         (256,664,240     31,715   

Euro Buxl 30 Year Bond Futures

     12/08/14         (65     EUR         (9,271,553     19,644   

U.S. Treasury Note 10 Year Futures

     12/19/14         (215     USD         (26,725,182     (72,553
            

 

 

 

Net Unrealized Depreciation

  

  $ (59,150
            

 

 

 

Written Options

 

Foreign Currency Written Options

   Strike
Price
   Counterparty    Expiration
Date
   Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Call - EUR vs MXN

   MXN 17.500    Deutsche Bank AG    11/06/14      (7,436,000   $ (41,219   $ (42,114   $ (895

Call - USD vs BRL

   BRL 2.560    Goldman Sachs & Co.    11/07/14      (5,111,000     (60,821     (65,932     (5,111

Call - USD vs BRL

   BRL 2.600    Morgan Stanley Capital
Services, LLC
   11/07/14      (7,301,000     (71,988     (71,988       

Call - USD vs BRL

   BRL 2.560    Goldman Sachs & Co.    11/21/14      (10,148,000     (104,845     (164,296     (59,451

Call - USD vs JPY

   JPY 102.000    Bank of America N.A.    10/09/14      (39,890,000     (792,774     (2,798,722     (2,005,948

Call - USD vs JPY

   JPY 105.000    Bank of America N.A.    10/09/14      (79,775,000     (130,831     (3,420,832     (3,290,001

Call - USD vs JPY

   JPY 102.000    Deutsche Bank AG    01/12/15      (48,955,000     (2,396,837     (3,471,987     (1,075,150

Call - USD vs JPY

   JPY 105.000    Bank of America N.A.    01/12/15      (97,910,000     (524,798     (4,544,003     (4,019,205

Call - USD vs TRY

   TRY 2.250    BNP Paribas S.A.    10/21/14      (2,296,000     (20,664     (46,113     (25,449

Call - USD vs TRY

   TRY 2.300    BNP Paribas S.A.    10/30/14      (2,296,000     (26,059     (21,582     4,477   

Call - USD vs TRY

   TRY 2.300    Deutsche Bank AG    11/07/14      (2,555,500     (28,238     (35,199     (6,961

Call - USD vs TRY

   TRY 2.300    Deutsche Bank AG    11/21/14      (2,160,928     (22,776     (38,758     (15,982

Call - USD vs TRY

   TRY 2.300    Goldman Sachs & Co.    11/21/14      (2,930,072     (33,784     (52,554     (18,770

Call - USD vs ZAR

   ZAR 11.600    Deutsche Bank AG    11/07/14      (3,650,000     (29,455     (29,455       

Put - MXN vs EUR

   MXN 16.200    Deutsche Bank AG    11/06/14      (7,436,000     (5,490     (4,987     503   

Put - MXN vs EUR

   MXN 16.800    Barclays Bank plc    11/06/14      (2,974,400     (16,594     (26,414     (9,820

Put - USD vs EUR

   EUR 1.290    Deutsche Bank AG    10/06/14      (52,695,000     (496,210     (1,435,955     (939,745

Put - USD vs GBP

   GBP 1.645    Deutsche Bank AG    10/02/14      (24,437,000     (468,872     (13,430     455,442   

Put - USD vs GBP

   GBP 1.645    JPMorgan Chase Bank N.A.    10/02/14      (24,438,000     (151,265     (13,431     137,834   

Put - USD vs GBP

   GBP 1.610    JPMorgan Chase Bank N.A.    10/02/14      (48,900,000     (745,508     (26,874     718,634   

Put - USD vs GBP

   GBP 1.610    Morgan Stanley & Co.    10/02/14      (28,889,921     (605,719     (715,637     (109,918

Put - USD vs GBP

   GBP 1.610    Deutsche Bank AG    10/02/14      (47,136,079     (990,046     (1,167,616     (177,570
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (7,764,793   $ (18,207,879   $ (10,443,086
             

 

 

   

 

 

   

 

 

 

 

Interest Rate
Swaptions

  Strike
Rate
 

Counterparty

 

Floating Rate
Index

  Pay/
Receive
Floating
Rate
  Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Call - 1-Year Interest Rate Swap

  10.900%   Credit Suisse International   1-Year BRL-CDI   Receive     01/02/15        BRL        (43,674,000     (9,344     (4,032     5,312   

Call - 1-Year Interest Rate Swap

  11.000%   Credit Suisse International   1-Year BRL-CDI   Receive     01/02/15        BRL        (29,348,000     (43,400     (4,232     39,168   

Call - 1-Year Interest Rate Swap

  10.600%   JPMorgan Chase
Bank N.A.
  1-Year BRL-CDI   Receive     07/01/15        BRL        (23,305,000   $ (50,253   $ (8,636   $ 41,617   

Call - 1-Year Interest Rate Swap

  10.600%   Credit Suisse International   1-Year BRL-CDI   Receive     07/01/15        BRL        (65,256,000     (114,176     (24,180     89,996   

Call - 2-Year Interest Rate Swap

  11.500%   Deutsche Bank AG   1-Year BRL-CDI   Receive     01/02/15        BRL        (32,003,000     (62,567     (13,297     49,270   

 

MSF-35


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Written Options—(Continued)

 

Interest Rate
Swaptions

  Strike
Rate
 

Counterparty

 

Floating Rate
Index

  Pay/
Receive
Floating
Rate
  Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Call - 10-Year Interest Rate Swap

  3.005%   Barclays Bank plc   3-Month USD-LIBOR   Receive     09/30/15        USD        (75,550,000   $ (2,126,733   $ (2,126,733   $   

Put - 1-Year Interest Rate Swap

  14.000%   Credit Suisse International   1-Year BRL-CDI   Pay     01/02/15        BRL        (51,995,000     (44,908     (701     44,207   

Put - 1-Year Interest Rate Swap

  12.250%   JPMorgan Chase Bank N.A.   1-Year BRL-CDI   Pay     07/01/15        BRL        (32,628,000     (60,016     (131,845     (71,829

Put - 1-Year Interest Rate Swap

  12.300%   Credit Suisse International   1-Year BRL-CDI   Pay     01/02/15        BRL        (43,674,000     (14,950     (42,911     (27,961

Put - 2-Year Interest Rate Swap

  12.500%   Credit Suisse International   1-Year BRL-CDI   Pay     01/02/15        BRL        (12,929,000     (22,677     (25,586     (2,909

Put - 2-Year Interest Rate Swap

  12.500%   Bank of America N.A.   1-Year BRL-CDI   Pay     01/02/15        BRL        (19,640,000     (45,185     (38,867     6,318   

Put - 1.5-Year Interest Rate Swap

  1.100%   Barclays Bank plc   3-Month USD-LIBOR   Pay     12/16/14        USD        (6,619,900     (3,323     (865     2,458   

Put - 1.5-Year Interest Rate Swap

  1.100%   JPMorgan Chase Bank N.A.   3-Month USD-LIBOR   Pay     12/15/14        USD        (33,756,500     (21,098     (3,973     17,125   

Put - 10-Year Interest Rate Swap

  3.005%   Barclays Bank plc   3-Month USD-LIBOR   Pay     09/30/15        USD        (75,550,000     (2,126,733     (2,126,733       
               

 

 

   

 

 

   

 

 

 

Totals

  

  $ (4,745,363   $ (4,552,591   $ 192,772   
               

 

 

   

 

 

   

 

 

 

 

Options on Exchange-Traded Futures Contracts

   Strike
Price
     Expiration
Date
     Number of
Contracts
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Call - Eurodollar Midcurve 1 Year Futures

   $ 99.000         12/12/14         (1,297   $ (176,580   $ (178,338   $ (1,758

Call - Eurodollar Midcurve 1 Year Futures

     99.000         03/13/15         (67     (17,484     (7,537     9,947   

Call - U.S. Treasury Note 10 Year Futures

     125.500         10/24/14         (34     (10,046     (8,500     1,546   

Put - Eurodollar Midcurve 1 Year Futures

     98.125         03/13/15         (134     (13,192     (16,750     (3,558

Put - Eurodollar Midcurve 2 Year Futures

     97.500         12/12/14         (102     (12,592     (14,663     (2,071
          

 

 

   

 

 

   

 

 

 

Totals

  

  $ (229,894   $ (225,788   $ 4,106   
          

 

 

   

 

 

   

 

 

 

Reverse Repurchase Agreement

 

Counterparty

   Interest
Rate
    Settlement
Date
     Maturity
Date
     Principal Amount      Net Closing
Amount
 

BNP Paribas S.A.

     0.63     09/15/14         10/01/14         USD         47,580,000       $ 47,580,000   
                

 

 

 

Securities pledged as collateral against open reverse repurchase agreements are noted in the Schedule of Investments.

Swap Agreements

OTC Interest Rate Swap Agreements

 

Pay/Receive
Floating Rate

   Floating
Rate Index
   Fixed
Rate
  Maturity
Date
  

Counterparty

   Notional
Amount
     Market
Value
    Upfront
Premium
Paid/(Received)
     Unrealized
Appreciation/
(Depreciation)
 

Pay

   1-Year BRL CDI    12.045%   01/04/16    Credit Suisse International      BRL         36,110,000       $ 81,945      $       $ 81,945   

Pay

   1-Year BRL CDI    11.766%   01/04/16    Deutsche Bank AG      BRL         34,039,870         40,560                40,560   

Pay

   1-Year BRL CDI    11.870%   01/04/16    Deutsche Bank AG      BRL         32,000,000         36,318                36,318   

Pay

   1-Year BRL CDI    11.825%   01/04/16    JPMorgan Chase Bank N.A.      BRL         32,000,000         32,075                32,075   

Pay

   1-Year BRL CDI    11.910%   01/04/16    JPMorgan Chase Bank N.A.      BRL         13,920,000         20,856                20,856   

Pay

   1-Year BRL CDI    11.755%   01/04/16    JPMorgan Chase Bank N.A.      BRL         33,089,540         16,381                16,381   

Pay

   1-Year BRL CDI    11.220%   01/04/16    JPMorgan Chase Bank N.A.      BRL         26,820,000         (65,818             (65,818

 

MSF-36


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Swap Agreements—(Continued)

 

Pay/Receive
Floating Rate

  Floating
Rate Index
  Fixed
Rate
    Maturity
Date
 

Counterparty

  Notional
Amount
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Pay

  28-Day MXN TIIE     6.200%      07/25/24   Citibank N.A.     MXN        85,160,000      $ (78,810   $      $ (78,810

Pay

  28-Day MXN TIIE     5.990%      08/26/24   Morgan Stanley Capital Services, Inc.     MXN        28,466,000        (62,245            (62,245

Pay

  28-Day MXN TIIE     6.260%      09/09/24   JPMorgan Chase Bank N.A.     MXN        34,371,000        (23,617            (23,617

Pay

  28-Day MXN TIIE     6.423%      09/16/24   Deutsche Bank AG     MXN        23,107,000        5,204               5,204   

Pay

  28-Day MXN TIIE     6.410   09/16/24   JPMorgan Chase Bank N.A.     MXN        46,214,000        6,986               6,986   

Pay

  28-Day MXN TIIE     6.455   09/17/24   JPMorgan Chase Bank N.A.     MXN        34,861,000        14,196               14,196   

Pay

  28-Day MXN TIIE     6.365   09/18/24   JPMorgan Chase Bank N.A.     MXN        23,107,000                        

Receive

  3-Month USD-LIBOR     1.758   06/25/22   JPMorgan Chase Bank N.A.     USD        18,000,000        849,141               849,141   

Pay

  3-Month ZAR-JIBAR     6.460   09/25/15   JPMorgan Chase Bank N.A.     ZAR        602,273,000        (47,802            (47,802

Pay

  3-Month ZAR-JIBAR     6.525   09/26/15   JPMorgan Chase Bank N.A.     ZAR        602,273,000        (16,948            (16,948

Receive

  3-Month ZAR-JIBAR     6.850   09/25/16   JPMorgan Chase Bank N.A.     ZAR        311,765,000        64,985               64,985   

Receive

  3-Month ZAR-JIBAR     6.950   09/26/16   JPMorgan Chase Bank N.A.     ZAR        311,765,000        13,824               13,824   

Pay

  6-Month EURIBOR     2.800   11/10/41   Bank of America N.A.     EUR        8,300,000        2,077,735               2,077,735   

Receive

  6-Month EURIBOR     2.783   11/10/41   Deutsche Bank AG     EUR        8,300,000        (2,037,252            (2,037,252

Pay

  BRL CDI     11.120   01/04/16   Credit Suisse International     BRL        7,208,000        (22,122            (22,122

Pay

  BRL CDI     11.360   01/04/16   Credit Suisse International     BRL        27,646,823        (55,971            (55,971

Pay

  BRL CDI     11.115   01/04/16   Credit Suisse International     BRL        33,000,000        (102,171            (102,171

Receive

  BRL CDI     11.800   01/04/16   JPMorgan Chase Bank N.A.     BRL        33,569,015        (10,103            (10,103

Pay

  BRL CDI     11.680   01/04/16   JPMorgan Chase Bank N.A.     BRL        26,213,000        (24,007            (24,007

Pay

  BRL CDI     11.630   01/04/16   JPMorgan Chase Bank N.A.     BRL        26,889,000        (31,215            (31,215

Pay

  BRL CDI     11.405   01/04/16   JPMorgan Chase Bank N.A.     BRL        36,717,046        (66,110            (66,110

Pay

  BRL CDI     10.890   01/04/16   JPMorgan Chase Bank N.A.     BRL        26,109,114        (107,579            (107,579

Pay

  BRL CDI     11.255   01/04/16   Morgan Stanley Capital Services, Inc.     BRL        79,090,000        (205,307            (205,307

Receive

  BRL CDI     11.170   01/02/17   Credit Suisse International     BRL        16,427,323        99,305               99,305   

Pay

  BRL CDI     11.490   01/02/17   JPMorgan Chase Bank N.A.     BRL        20,889,000        (76,743            (76,743
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 325,691      $      $ 325,691   
             

 

 

   

 

 

   

 

 

 

Centrally Cleared Interest Rate Swap Agreements

 

Pay/Receive Floating Rate

   Floating
Rate Index
     Fixed
Rate
    Maturity
Date
     Notional
Amount
     Unrealized
Appreciation/
(Depreciation)
 

Receive

     3-Month USD-LIBOR         0.648     11/26/16         USD         14,540,000       $ 79,895   

Receive

     3-Month USD-LIBOR         2.612     08/08/24         USD         5,675,000         14,173   

Receive

     3-Month USD-LIBOR         2.540     09/09/24         USD         1,957,000         18,679   

Receive

     3-Month USD-LIBOR         2.745     09/23/24         USD         2,280,000         (19,257

Receive

     3-Month USD-LIBOR         2.663     09/30/24         USD         1,540,000         (1,535

Receive

     3-Month USD-LIBOR         2.660     09/30/24         USD         3,081,000         (2,245

Receive

     3-Month USD-LIBOR         2.635     10/01/24         USD         2,301,000         3,810   

Receive

     3-Month USD-LIBOR         2.635     10/02/24         USD         1,540,000           
                

 

 

 

Total

  

   $ 93,520   
                

 

 

 

 

MSF-37


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Centrally Cleared Credit Default Swap Agreements on Credit Indices—Buy Protection (a)

 

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
    

Implied Credit
Spread at
September 30,
2014(b)

   Notional
Amount(c)
     Unrealized
Appreciation
 

Markit CDX North America Investment Grade, Series 22

     (1.000%)         06/20/19       0.645%      USD         85,866,000         89,854   

Markit iTraxx Europe, Series 21

     (1.000%)         06/20/19       0.629%      EUR         31,759,000         102,970   
                 

 

 

 

Totals

  

   $ 192,824   
                 

 

 

 

 

Centrally Cleared Credit Default Swap Agreements on Credit Indices—Sell Protection (d)

 

  

Reference Obligation

   Fixed Deal
Receive Rate
     Maturity
Date
    

Implied Credit
Spread at
September 30,
2014(b)

   Notional
Amount(c)
     Unrealized
(Depreciation)
 

Markit CDX North America High Yield Index, Series 22

     5.000%         06/20/19       3.532%      USD         23,760,000       $ (81,748)   
                 

 

 

 

 

OTC Credit Default Swaps on Sovereign Issues—Buy Protection (a)

 

  

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Russian Federation
1.000%, due 03/31/30

    (1.000%)        12/20/19      Barclays Bank plc     2.485%        USD        10,500,000      $ 732,816      $ 770,159      $ (37,343)   

United Mexico States
5.950%, due 03/19/19

    (1.000%)        12/20/19      Barclays Bank plc     0.874%        USD        8,873,000        (55,908)        (71,141)        15,233   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 676,908      $ 699,018      $ (22,110)   
             

 

 

   

 

 

   

 

 

 

 

OTC Credit Default Swaps on Corporate Issues—Sell Protection (d)

 

  

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Barrick Gold Corp.
5.800%, due 11/15/34

    1.000%        06/20/21      Credit Suisse International     2.510%        USD        3,645,000      $ (323,828)      $ (310,266)      $ (13,562)   

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      Bank of America N.A.     2.936%        USD        1,175,000        (106,992)        (93,454)        (13,538)   

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      Bank of America N.A.     2.936%        USD        1,180,000        (107,447)        (104,719)        (2,728)   

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      Bank of America N.A.     2.936%        USD        1,180,000        (107,447)        (96,360)        (11,087)   

Transocean, Inc.
7.375%, due 04/15/18

    1.000%        12/20/19      JPMorgan Chase Bank N.A.     3.036%        USD        2,250,000        (207,310)        (207,310)          

Valero Energy Corp.
8.750%, due 06/05/30

    1.000%        09/20/19      Barclays Bank plc     1.082%        USD        220,106        (855)        1,077        (1,932)   

Valero Energy Corp.
8.750%, due 06/05/30

    1.000%        09/20/19      JPMorgan Chase Bank N.A.     1.082%        USD        563,434        (2,188)        7,056        (9,244)   

Valero Energy Corp.
8.750%, due 06/05/30

    1.000%        09/20/19      JPMorgan Chase Bank N.A.     1.082%        USD        1,977,000        (7,677)        4,833        (12,510)   

Valero Energy Corp.
8.750%, due 06/15/30

    1.000%        09/20/19      Barclays Bank plc     1.082%        USD        534,460        (2,075)        2,346        (4,421)   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (865,819)      $ (796,797)      $ (69,022)   
             

 

 

   

 

 

   

 

 

 

 

MSF-38


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

OTC Credit Default Swaps on Credit Indices—Sell Protection (d)

 

 

Reference Obligation

   Fixed Deal
Receive Rate
     Maturity
Date
    

Counterparty

   Implied Credit
Spread at
September 30,
2014(b)
     Notional
Amount(c)
     Market
Value
     Upfront
Premium
(Received)
     Unrealized
Appreciation
 

Markit CMBX North America AAA-Rated Index, AM Tranche, Version 4

     0.500%         02/17/51       Deutsche Bank AG      N/A         USD         2,370,000       $ (109,272)       $ (359,977)       $ 250,705   
                    

 

 

    

 

 

    

 

 

 

Securities in the amount of $678,662 have been received at the custodian bank as collateral for swap contracts.

 

(a) If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(b) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(c) The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.
(d) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CAD)— Canadian Dollar
(CDI)— Brazil Interbank Deposit Rate
(CLP)— Chilean Peso
(CMBX)— Commercial Mortgage-Backed Index
(COP)— Colombian Peso
(EUR)— Euro
(EURIBOR)— Euro Interbank Offered Rate
(GBP)— British Pound
(INR)— Indian Rupee
(JIBAR)— Johannesberg Interbank Agreed Rate
(LIBOR)— London Interbank Offered Rate
(MXN)— Mexican Peso
(RUB)— Russian Ruble
(TRY)— Turkish Lira
(USD)— United States Dollar
(ZAR)— South African Rand

 

MSF-39


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy

 

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 2,651,006,130      $ —         $ 2,651,006,130   

Total Corporate Bonds & Notes*

     —          1,026,874,028        —           1,026,874,028   

Total Asset-Backed Securities*

     —          616,491,541        —           616,491,541   

Total Mortgage-Backed Securities*

     —          359,351,356        —           359,351,356   

Total Foreign Government*

     —          90,511,659        —           90,511,659   

Total Municipals

     —          27,734,241        —           27,734,241   
Purchased Options          

Call Options

     —          17,416,688        —           17,416,688   

Put Options

     2,053,032        6,532,610        —           8,585,642   

Total Purchased Options

     2,053,032        23,949,298        —           26,002,330   

Total Floating Rate Loans*

     —          15,188,034        —           15,188,034   

Total Preferred Stocks*

     9,234,766        —          —           9,234,766   
Short-Term Investments          

Mutual Fund

     144,923,680        —          —           144,923,680   

Repurchase Agreements

     —          372,622,043        —           372,622,043   

Total Short-Term Investments

     144,923,680        372,622,043        —           517,545,723   

Total Investments

   $ 156,211,478      $ 5,183,728,330      $ —         $ 5,339,939,808   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (144,923,680   $ —         $ (144,923,680

TBA Forward Sales Commitments

   $ —        $ (632,143,476   $ —         $ (632,143,476
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 26,724,621      $ —         $ 26,724,621   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (14,323,047     —           (14,323,047

Total Forward Contracts

   $ —        $ 12,401,574      $ —         $ 12,401,574   
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 1,263,709      $ —        $ —         $ 1,263,709   

Futures Contracts (Unrealized Depreciation)

     (1,322,859     —          —           (1,322,859

Total Futures Contracts

   $ (59,150   $ —        $ —         $ (59,150
Written Options          

Foreign Currency Written Options at Value

   $ —        $ (18,207,879   $ —         $ (18,207,879

Interest Rate Swaptions at Value

     —          (4,552,591     —           (4,552,591

Options on Exchange-Traded Futures Contracts at Value

     (225,788     —          —           (225,788

Total Written Options

   $ (225,788   $ (22,760,470   $ —         $ (22,986,258

Total Reverse Repurchase Agreement (Liabilities)

   $ —        $ (47,580,000   $ —         $ (47,580,000

 

MSF-40


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  
Centrally Cleared Swap Contracts           

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —         $ 309,381      $ —         $ 309,381   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —           (104,785     —           (104,785

Total Centrally Cleared Swap Contracts

   $ —         $ 204,596      $ —         $ 204,596   
OTC Swap Contracts           

OTC Swap Contracts at Value (Assets)

   $ —         $ 4,092,327      $ —         $ 4,092,327   

OTC Swap Contracts at Value (Liabilities)

     —           (4,064,819     —           (4,064,819

Total OTC Swap Contracts

   $ —         $ 27,508      $ —         $ 27,508   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-41


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—98.8% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.9%

  

Precision Castparts Corp.

    161,326      $ 38,214,903   
   

 

 

 

Airlines—1.1%

  

American Airlines Group, Inc.

    637,390        22,614,597   
   

 

 

 

Auto Components—0.9%

  

Delphi Automotive plc

    287,617        17,642,427   
   

 

 

 

Biotechnology—9.6%

  

Biogen Idec, Inc. (a)

    86,396        28,580,661   

Gilead Sciences, Inc. (a)

    221,523        23,581,123   

Regeneron Pharmaceuticals, Inc. (a)

    150,576        54,285,660   

United Therapeutics Corp. (a) (b)

    474,891        61,094,727   

Vertex Pharmaceuticals, Inc. (a)

    218,117        24,496,720   
   

 

 

 
      192,038,891   
   

 

 

 

Chemicals—0.5%

  

Monsanto Co.

    89,809        10,104,411   
   

 

 

 

Consumer Finance—1.5%

  

Discover Financial Services

    461,000        29,683,790   
   

 

 

 

Diversified Financial Services—2.4%

  

Berkshire Hathaway, Inc. - Class B (a)

    120,215        16,606,500   

Moody’s Corp.

    323,658        30,585,681   
   

 

 

 
      47,192,181   
   

 

 

 

Electrical Equipment—1.6%

  

Emerson Electric Co.

    263,956        16,518,366   

SolarCity Corp. (a) (b)

    255,918        15,252,713   
   

 

 

 
      31,771,079   
   

 

 

 

Energy Equipment & Services—1.4%

  

Schlumberger, Ltd.

    284,219        28,902,230   
   

 

 

 

Food & Staples Retailing—0.6%

  

CVS Health Corp.

    153,679        12,231,312   
   

 

 

 

Food Products—0.9%

  

Mondelez International, Inc. - Class A

    541,551        18,556,245   
   

 

 

 

Health Care Equipment & Supplies—0.5%

  

Intuitive Surgical, Inc. (a)

    23,144        10,688,362   
   

 

 

 

Health Care Providers & Services—1.3%

  

Express Scripts Holding Co. (a)

    371,191        26,217,220   
   

 

 

 

Health Care Technology—0.2%

  

athenahealth, Inc. (a)

    37,065        4,881,090   
   

 

 

 

Hotels, Restaurants & Leisure—4.2%

  

McDonald’s Corp.

    243,714        23,106,524   

Starbucks Corp.

    348,151        26,271,475   

Wynn Resorts, Ltd.

    183,713        34,369,028   
   

 

 

 
      83,747,027   
   

 

 

 

Internet & Catalog Retail—6.5%

  

Netflix, Inc. (a)

    92,035      41,524,351   

Priceline Group, Inc. (The) (a)

    29,680        34,386,654   

TripAdvisor, Inc. (a) (b)

    425,356        38,886,046   

Vipshop Holdings, Ltd. (ADR) (a)

    80,856        15,282,593   
   

 

 

 
      130,079,644   
   

 

 

 

Internet Software & Services—19.1%

  

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

    10,800        959,580   

Alibaba Group Holding, Ltd. (a) (c)

    329,063        29,237,247   

Baidu, Inc. (ADR) (a)

    239,639        52,296,419   

Facebook, Inc. - Class A (a)

    976,381        77,173,154   

Google, Inc. - Class A (a)

    173,197        101,910,847   

LinkedIn Corp. - Class A (a)

    265,035        55,071,623   

Yahoo!, Inc. (a)

    1,592,089        64,877,627   
   

 

 

 
      381,526,497   
   

 

 

 

IT Services—5.8%

  

Alliance Data Systems Corp. (a)

    164,554        40,853,822   

Visa, Inc. - Class A

    353,849        75,500,761   
   

 

 

 
      116,354,583   
   

 

 

 

Machinery—0.7%

  

Pentair plc

    219,874        14,399,548   
   

 

 

 

Media—10.3%

  

Comcast Corp. - Class A

    633,872        34,089,636   

Liberty Global plc - Class A (a) (b)

    1,238,793        52,698,254   

Time Warner, Inc.

    205,357        15,444,900   

Twenty-First Century Fox, Inc. - Class A

    1,804,545        61,877,848   

Walt Disney Co. (The)

    469,882        41,833,595   
   

 

 

 
      205,944,233   
   

 

 

 

Oil, Gas & Consumable Fuels—3.1%

  

Concho Resources, Inc. (a)

    187,636        23,527,678   

Gulfport Energy Corp. (a)

    309,533        16,529,062   

Laredo Petroleum, Inc. (a) (b)

    463,009        10,376,032   

Range Resources Corp.

    158,303        10,734,526   
   

 

 

 
      61,167,298   
   

 

 

 

Pharmaceuticals—10.1%

  

AbbVie, Inc. (b)

    1,536,090        88,724,558   

Allergan, Inc.

    114,627        20,425,385   

Perrigo Co. plc

    160,837        24,156,109   

Valeant Pharmaceuticals International, Inc. (a)

    530,083        69,546,890   
   

 

 

 
      202,852,942   
   

 

 

 

Real Estate Investment Trusts—1.1%

  

Crown Castle International Corp.

    269,844        21,730,537   
   

 

 

 

Road & Rail—2.9%

  

Union Pacific Corp.

    532,169        57,697,763   
   

 

 

 

 

MSF-42


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Software—4.5%

  

Salesforce.com, Inc. (a)

    985,314      $ 56,685,114   

VMware, Inc. - Class A (a) (b)

    345,100        32,384,184   
   

 

 

 
      89,069,298   
   

 

 

 

Specialty Retail—1.0%

  

Home Depot, Inc. (The)

    226,585        20,786,908   
   

 

 

 

Technology Hardware, Storage & Peripherals—4.3%

  

Apple, Inc.

    849,867        85,624,100   
   

 

 

 

Wireless Telecommunication Services—0.8%

  

SoftBank Corp.

    226,200        15,878,517   
   

 

 

 

Total Common Stocks
(Cost $1,745,343,312)

      1,977,597,633   
   

 

 

 
Preferred Stock—0.8%   

Software—0.8%

  

Palantir Technologies, Inc. - Series I (a) (c) (d)
(Cost $15,555,194)

    2,537,552        15,225,312   
   

 

 

 
Short-Term Investment—8.4%   

Mutual Fund—8.4%

  

State Street Navigator Securities Lending MET Portfolio (e)

    168,715,381        168,715,381   
   

 

 

 

Total Short-Term Investment
(Cost $168,715,381)

      168,715,381   
   

 

 

 

Total Investments—108.0%
(Cost $1,929,613,887) (f)

      2,161,538,326   

Other assets and liabilities (net)—(8.0)%

      (159,405,822
   

 

 

 
Net Assets—100.0%     $ 2,002,132,504   
   

 

 

 

 

(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $162,282,204 and the collateral received consisted of cash in the amount of $168,715,381. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(c) 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, 2014, the market value of restricted securities was $44,462,559, which is 2.2% of net assets. See details shown in the Restricted Securities table that follows.
(d) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2014, these securities represent 0.8% of net assets.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of September 30, 2014, the aggregate cost of investments was $1,929,613,887. The aggregate unrealized appreciation and depreciation of investments were $252,120,923 and $(20,196,484), respectively, resulting in net unrealized appreciation of $231,924,439.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

Restricted Securities

   Acquisition
Date
     Shares      Cost      Value  

Alibaba Group Holding, Ltd.

     04/25/14         329,063       $ 22,376,284       $ 29,237,247   

Palantir Technologies, Inc. - Series I

     02/07/14         2,537,552         15,555,194         15,225,312   
           

 

 

 
            $ 44,462,559   
           

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Deliver

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation
 
JPY     1,176,714,032      

BNP Paribas S.A.

       10/22/14         $ 11,211,185         $ 480,644   
                   

 

 

 

 

(JPY)— Japanese Yen

 

MSF-43


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 38,214,903       $ —        $ —         $ 38,214,903   

Airlines

     22,614,597         —          —           22,614,597   

Auto Components

     17,642,427         —          —           17,642,427   

Biotechnology

     192,038,891         —          —           192,038,891   

Chemicals

     10,104,411         —          —           10,104,411   

Consumer Finance

     29,683,790         —          —           29,683,790   

Diversified Financial Services

     47,192,181         —          —           47,192,181   

Electrical Equipment

     31,771,079         —          —           31,771,079   

Energy Equipment & Services

     28,902,230         —          —           28,902,230   

Food & Staples Retailing

     12,231,312         —          —           12,231,312   

Food Products

     18,556,245         —          —           18,556,245   

Health Care Equipment & Supplies

     10,688,362         —          —           10,688,362   

Health Care Providers & Services

     26,217,220         —          —           26,217,220   

Health Care Technology

     4,881,090         —          —           4,881,090   

Hotels, Restaurants & Leisure

     83,747,027         —          —           83,747,027   

Internet & Catalog Retail

     130,079,644         —          —           130,079,644   

Internet Software & Services

     381,526,497         —          —           381,526,497   

IT Services

     116,354,583         —          —           116,354,583   

Machinery

     14,399,548         —          —           14,399,548   

Media

     205,944,233         —          —           205,944,233   

Oil, Gas & Consumable Fuels

     61,167,298         —          —           61,167,298   

Pharmaceuticals

     202,852,942         —          —           202,852,942   

Real Estate Investment Trusts

     21,730,537         —          —           21,730,537   

Road & Rail

     57,697,763         —          —           57,697,763   

Software

     89,069,298         —          —           89,069,298   

Specialty Retail

     20,786,908         —          —           20,786,908   

Technology Hardware, Storage & Peripherals

     85,624,100         —          —           85,624,100   

Wireless Telecommunication Services

     —           15,878,517        —           15,878,517   

Total Common Stocks

     1,961,719,116         15,878,517        —           1,977,597,633   

Total Preferred Stock*

     —           —          15,225,312         15,225,312   

Total Short-Term Investment*

     168,715,381         —          —           168,715,381   

Total Investments

   $ 2,130,434,497       $ 15,878,517      $ 15,225,312       $ 2,161,538,326   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (168,715,381   $ —         $ (168,715,381
Forward Contracts           

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —         $ 480,644      $ —         $ 480,644   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-44


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

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

 

Investments in Securities

   Balance as of
December 31,
2013
     Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases      Balance as of
September 30,
2014
     Change in Unrealized
Appreciation/(Depreciation)
from investments still held at
September 30, 2014
 

Preferred Stocks

             

Software

   $       $ (329,882   $ 15,555,194       $ 15,225,312       $ (329,882
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

MSF-45


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—98.4% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.9%

  

Honeywell International, Inc.

    57,100      $ 5,317,152   

Northrop Grumman Corp.

    91,300        12,029,688   

Raytheon Co.

    234,875        23,867,997   

Spirit AeroSystems Holdings, Inc. - Class A (a)

    195,000        7,421,700   
   

 

 

 
      48,636,537   
   

 

 

 

Auto Components—1.0%

  

Lear Corp.

    197,800        17,091,898   
   

 

 

 

Automobiles—0.9%

  

General Motors Co.

    486,200        15,529,228   
   

 

 

 

Banks—11.7%

  

Citigroup, Inc.

    1,214,151        62,917,305   

JPMorgan Chase & Co.

    1,187,637        71,543,253   

KeyCorp

    425,800        5,675,914   

Regions Financial Corp.

    1,320,721        13,260,039   

Wells Fargo & Co.

    819,300        42,497,091   
   

 

 

 
      195,893,602   
   

 

 

 

Capital Markets—1.1%

  

Morgan Stanley

    404,200        13,973,194   

State Street Corp.

    52,800        3,886,608   
   

 

 

 
      17,859,802   
   

 

 

 

Chemicals—2.1%

  

Akzo Nobel NV (ADR) (b)

    1,013,916        22,985,476   

Ashland, Inc.

    21,000        2,186,100   

Cabot Corp.

    37,800        1,919,106   

Celanese Corp. - Series A

    69,500        4,067,140   

LyondellBasell Industries NV - Class A

    33,500        3,640,110   
   

 

 

 
      34,797,932   
   

 

 

 

Communications Equipment—4.8%

  

Cisco Systems, Inc.

    2,152,500        54,178,425   

Ericsson (ADR)

    1,498,100        18,861,079   

QUALCOMM, Inc.

    103,800        7,761,126   
   

 

 

 
      80,800,630   
   

 

 

 

Consumer Finance—5.2%

  

Capital One Financial Corp.

    503,100        41,063,022   

Discover Financial Services

    633,150        40,768,528   

SLM Corp.

    701,500        6,004,840   
   

 

 

 
      87,836,390   
   

 

 

 

Containers & Packaging—0.2%

  

Crown Holdings, Inc. (a)

    62,900        2,800,308   
   

 

 

 

Diversified Financial Services—1.8%

  

Intercontinental Exchange, Inc.

    11,400        2,223,570   

NASDAQ OMX Group, Inc. (The) (b)

    643,875        27,313,178   
   

 

 

 
      29,536,748   
   

 

 

 

Diversified Telecommunication Services—1.6%

  

Verizon Communications, Inc.

    552,500      27,619,475   
   

 

 

 

Electric Utilities—0.3%

  

Edison International

    95,310        5,329,735   
   

 

 

 

Electronic Equipment, Instruments & Components—0.8%

  

Avnet, Inc.

    221,800        9,204,700   

Corning, Inc.

    240,200        4,645,468   
   

 

 

 
      13,850,168   
   

 

 

 

Food & Staples Retailing—3.1%

  

CVS Health Corp.

    116,450        9,268,255   

Kroger Co. (The)

    808,500        42,042,000   
   

 

 

 
      51,310,255   
   

 

 

 

Food Products—0.2%

  

Tyson Foods, Inc. - Class A

    89,900        3,539,363   
   

 

 

 

Gas Utilities—0.4%

  

UGI Corp.

    218,750        7,457,188   
   

 

 

 

Health Care Equipment & Supplies—6.0%

  

Baxter International, Inc.

    371,500        26,662,555   

Hologic, Inc. (a)

    426,200        10,369,446   

Medtronic, Inc.

    719,800        44,591,610   

Zimmer Holdings, Inc.

    195,900        19,697,745   
   

 

 

 
      101,321,356   
   

 

 

 

Health Care Providers & Services—3.1%

  

Community Health Systems, Inc. (a) (b)

    434,300        23,795,297   

Quest Diagnostics, Inc. (b)

    450,800        27,354,544   
   

 

 

 
      51,149,841   
   

 

 

 

Household Durables—1.6%

  

Newell Rubbermaid, Inc.

    625,400        21,520,014   

Tupperware Brands Corp.

    81,100        5,599,144   
   

 

 

 
      27,119,158   
   

 

 

 

Household Products—0.9%

  

Energizer Holdings, Inc.

    117,800        14,514,138   
   

 

 

 

Independent Power and Renewable Electricity Producers—1.7%

  

AES Corp.

    1,950,900        27,663,762   
   

 

 

 

Insurance—7.7%

  

ACE, Ltd.

    77,400        8,116,938   

Aflac, Inc.

    41,000        2,388,250   

CNO Financial Group, Inc.

    220,000        3,731,200   

Genworth Financial, Inc. - Class A (a)

    1,547,500        20,272,250   

Hartford Financial Services Group, Inc. (The)

    508,100        18,926,725   

Lincoln National Corp.

    495,100        26,527,458   

Prudential Financial, Inc.

    304,300        26,760,142   

Travelers Cos., Inc. (The)

    107,800        10,126,732   

XL Group plc

    381,700        12,660,989   
   

 

 

 
      129,510,684   
   

 

 

 

 

MSF-46


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

IT Services—1.6%

  

Total System Services, Inc.

    111,000      $ 3,436,560   

Western Union Co. (The) (b)

    473,800        7,599,752   

Xerox Corp.

    1,248,200        16,513,686   
   

 

 

 
      27,549,998   
   

 

 

 

Machinery—0.5%

  

Stanley Black & Decker, Inc.

    89,000        7,902,310   
   

 

 

 

Media—2.4%

  

Interpublic Group of Cos., Inc. (The)

    249,100        4,563,512   

Viacom, Inc. - Class B

    473,300        36,415,702   
   

 

 

 
      40,979,214   
   

 

 

 

Metals & Mining—0.4%

  

Reliance Steel & Aluminum Co.

    107,800        7,373,520   
   

 

 

 

Multiline Retail—0.3%

  

Macy’s, Inc.

    97,500        5,672,550   
   

 

 

 

Oil, Gas & Consumable Fuels—15.6%

  

Apache Corp.

    592,000        55,571,040   

Cobalt International Energy, Inc. (a)

    436,100        5,930,960   

Gulfport Energy Corp. (a)

    270,800        14,460,720   

Marathon Oil Corp.

    1,695,600        63,737,604   

Marathon Petroleum Corp.

    296,126        25,072,988   

Memorial Resource Development Corp. (a)

    68,380        1,853,782   

Suncor Energy, Inc.

    738,300        26,689,545   

Total S.A. (ADR)

    590,600        38,064,170   

Valero Energy Corp.

    675,900        31,273,893   
   

 

 

 
      262,654,702   
   

 

 

 

Personal Products—0.3%

  

Nu Skin Enterprises, Inc. - Class A (b)

    106,800        4,809,204   
   

 

 

 

Pharmaceuticals—8.2%

  

Hospira, Inc. (a)

    635,800        33,080,674   

Johnson & Johnson

    81,075        8,641,784   

Pfizer, Inc.

    2,352,075        69,550,858   

Teva Pharmaceutical Industries, Ltd. (ADR)

    487,000        26,176,250   
   

 

 

 
      137,449,566   
   

 

 

 

Real Estate Investment Trusts—1.0%

  

CBS Outdoor Americas, Inc.

    536,300        16,056,822   
   

 

 

 

Real Estate Management & Development—0.4%

  

Jones Lang LaSalle, Inc.

    57,700        7,289,818   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.8%

  

Teradyne, Inc. (b)

    688,208        13,344,353   
   

 

 

 
Security Description  

Shares/

Principal
Amount*

    Value  

Software—4.8%

  

Microsoft Corp.

    1,002,500      46,475,900   

Oracle Corp.

    563,000        21,551,640   

Symantec Corp.

    533,300        12,537,883   
   

 

 

 
      80,565,423   
   

 

 

 

Specialty Retail—1.8%

  

Gap, Inc. (The)

    125,200        5,219,588   

GNC Holdings, Inc. - Class A

    634,500        24,580,530   
   

 

 

 
      29,800,118   
   

 

 

 

Wireless Telecommunication Services—1.2%

  

Telephone & Data Systems, Inc.

    621,146        14,882,658   

United States Cellular Corp. (a) (b)

    143,143        5,078,714   
   

 

 

 
      19,961,372   
   

 

 

 

Total Common Stocks
(Cost $1,483,746,369)

      1,652,577,168   
   

 

 

 
Convertible Preferred Stocks—0.4%   

Food Products—0.3%

  

Tyson Foods, Inc.

   

4.750%, 07/15/17

    90,527        4,558,940   
   

 

 

 

Machinery—0.1%

  

Stanley Black & Decker, Inc.

   

6.250%, 11/17/16 (b)

    10,940        1,238,299   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $5,635,901)

      5,797,239   
   

 

 

 
Short-Term Investments—4.8%   

Mutual Fund—3.9%

  

State Street Navigator Securities Lending MET Portfolio (c)

    64,906,145        64,906,145   
   

 

 

 

Repurchase Agreement—0.9%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $15,332,587 on 10/01/14, collateralized by $15,660,000 Federal National Mortgage Association at 0.000% due 06/01/15 with a value of $15,640,425.

    15,332,587        15,332,587   
   

 

 

 

Total Short-Term Investments
(Cost $80,238,732)

      80,238,732   
   

 

 

 

Total Investments—103.6%
(Cost $1,569,621,002) (d)

      1,738,613,139   

Other assets and liabilities (net)—(3.6)%

      (59,829,817
   

 

 

 
Net Assets—100.0%     $ 1,678,783,322   
   

 

 

 

 

MSF-47


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $62,968,618 and the collateral received consisted of cash in the amount of $64,906,145. 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, 2014, the aggregate cost of investments was $1,569,621,002. The aggregate unrealized appreciation and depreciation of investments were $194,076,620 and $(25,084,483), respectively, resulting in net unrealized appreciation of $168,992,137.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,652,577,168       $ —        $ —         $ 1,652,577,168   

Total Convertible Preferred Stocks*

     5,797,239         —          —           5,797,239   
Short-Term Investments           

Mutual Fund

     64,906,145         —          —           64,906,145   

Repurchase Agreement

     —           15,332,587        —           15,332,587   

Total Short-Term Investments

     64,906,145         15,332,587        —           80,238,732   

Total Investments

   $ 1,723,280,552       $ 15,332,587      $ —         $ 1,738,613,139   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (64,906,145   $ —         $ (64,906,145

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-48


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Certificate of Deposit—31.6%

 

Security Description   Principal
Amount*
    Value  

Foreign Banks Yankee Dollar—25.7%

  

Bank of Montreal (Chicago)

   

0.199%, 12/08/14 (a)

    7,000,000      $ 7,000,000   

0.206%, 03/10/15 (a)

    10,000,000        10,000,000   

0.236%, 04/09/15 (a)

    7,000,000        7,000,000   

0.243%, 04/06/15

    7,500,000        7,500,000   

Bank of Nova Scotia (Houston)

   

0.237%, 04/08/15 (a)

    18,000,000        18,000,000   

0.253%, 08/04/15 (a)

    11,258,000        11,258,000   

Bank of Tokyo Mitsubishi UFJ, Ltd. (NY)

   

0.081%, 10/07/14

    20,000,000        20,000,000   

0.101%, 10/02/14

    15,000,000        15,000,000   

0.112%, 10/06/14

    15,500,000        15,500,000   

0.253%, 02/25/15

    6,750,000        6,750,000   

Canadian Imperial Bank of Commerce (NY)

   

0.227%, 06/17/15 (a)

    5,500,000        5,500,000   

Credit Industriel et Commercial (NY)

   

0.304%, 01/08/15

    5,000,000        5,000,000   

0.324%, 10/14/14

    5,000,000        5,000,000   

0.324%, 11/03/14

    5,000,000        5,000,000   

0.324%, 11/17/14

    2,000,000        2,000,000   

Credit Suisse (NY)

   

0.269%, 12/08/14

    17,000,000        17,000,000   

0.299%, 11/14/14

    14,000,000        14,000,000   

National Bank of Canada (NY)

   

0.237%, 04/20/15 (a)

    7,000,000        7,000,000   

0.264%, 12/19/14

    4,400,000        4,400,000   

0.278%, 06/24/15 (a)

    5,000,000        5,000,000   

Nordea Bank Finland plc (NY)

   

0.243%, 02/17/15

    5,000,000        5,000,000   

Rabobank Nederland (NY)

   

0.278%, 09/16/15 (a)

    16,000,000        16,000,000   

0.283%, 02/03/15 (a)

    15,000,000        15,000,000   

0.355%, 01/12/15

    14,000,000        14,000,000   

Royal Bank of Canada (NY)

   

0.238%, 10/23/14

    7,000,000        7,000,000   

0.253%, 02/04/15 (a)

    5,000,000        5,000,000   

0.274%, 10/10/14 (a)

    5,500,000        5,500,000   

Skandinaviska Enskilda Banken (NY)

   

0.253%, 10/06/14

    7,000,000        7,000,000   

0.253%, 10/20/14

    10,000,000        10,000,000   

Sumitomo Mitsui Banking Corp. (NY)

   

0.247%, 10/09/14 (a)

    4,500,000        4,500,000   

0.248%, 10/14/14

    11,000,000        11,000,020   

0.253%, 12/11/14

    8,000,000        8,000,000   

Sumitomo Mitsui Trust Bank, Ltd. (NY)

   

0.254%, 10/22/14

    8,000,000        8,000,000   

Toronto Dominion Bank (NY)

   

0.250%, 09/04/15 (a)

    12,000,000        12,000,000   

0.253%, 10/08/14

    3,000,000        3,000,000   

Westpac Banking Corp. (NY)

   

0.229%, 10/08/14 (a)

    10,000,000        10,000,000   

0.239%, 05/05/15 (a)

    10,000,000        10,000,000   
   

 

 

 
      338,908,020   
   

 

 

 

Domestic Banks—4.1%

   

Citibank N.A.

   

0.233%, 11/07/14

    10,000,000      10,000,000   

Wells Fargo Bank N.A.

   

0.213%, 11/07/14

    10,000,000        10,000,000   

0.227%, 11/26/14 (a)

    12,000,000        12,000,000   

0.243%, 03/13/15 (a)

    7,000,000        7,000,000   

0.253%, 02/12/15 (a)

    5,000,000        5,000,000   

0.253%, 02/17/15 (a)

    5,000,000        5,000,000   

0.267%, 09/08/15 (a)

    5,000,000        5,000,000   
   

 

 

 
      54,000,000   
   

 

 

 

Foreign Banks Eurodollar—1.8%

  

Australia & New Zealand Banking Group, Ltd.

   

0.228%, 02/25/15

    10,000,000        10,000,000   

National Australia Bank, Ltd. (London)

   

0.232%, 10/23/14

    14,000,000        14,000,000   
   

 

 

 
      24,000,000   
   

 

 

 

Total Certificate of Deposit
(Cost $416,908,020)

      416,908,020   
   

 

 

 
Financial Company Commercial Paper (b)—25.7%   

ANZ New Zealand International, Ltd. (London)

   

0.250%, 06/04/15

    5,000,000        5,000,000   

Bank of Nova Scotia

   

0.248%, 02/10/15(144A)

    5,000,000        4,995,508   

0.274%, 05/15/15

    8,000,000        7,986,440   

BPCE S.A.

   

0.233%, 11/03/14

    5,000,000        4,998,946   

Commonwealth Bank of Australia

   

0.235%, 03/23/15(144A)

    10,000,000        10,000,000   

0.238%, 11/20/14

    3,000,000        3,000,000   

0.242%, 04/23/15

    10,000,000        9,999,716   

0.245%, 05/20/15

    7,000,000        7,000,000   

Credit Suisse (NY)

   

0.299%, 11/25/14

    5,500,000        5,497,521   

DnB Bank ASA

   

0.238%, 03/02/15

    40,000,000        39,960,311   

Fortis Funding LLC

   

0.010%, 10/01/14

    37,756,000        37,756,000   

General Electric Capital Corp.

   

0.213%, 02/10/15

    5,000,000        4,996,150   

0.213%, 02/17/15

    5,000,000        4,995,946   

HSBC Bank plc

   

0.229%, 05/08/15

    7,000,000        7,000,000   

0.237%, 10/30/14

    13,000,000        13,000,000   

0.247%, 10/22/14(144A)

    13,000,000        13,000,000   

ING U.S. Funding LLC

   

0.233%, 11/10/14

    5,000,000        4,998,722   

0.253%, 12/05/14

    7,500,000        7,496,615   

Macquarie Bank, Ltd.

   

0.324%, 02/19/15

    5,000,000        4,993,733   

 

MSF-49


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Financial Company Commercial Paper (b)—(Continued)

 

Security Description   Principal
Amount*
    Value  

National Australia Funding Delaware, Inc.

   

0.227%, 03/10/15(144A)

    5,000,000      $ 5,000,000   

0.227%, 03/13/15

    5,000,000        5,000,000   

0.236%, 08/11/15(144A)

    8,000,000        8,000,000   

0.252%, 08/27/15

    7,000,000        7,000,000   

Nederlandse Waterschapsbank NV

   

0.226%, 07/09/15

    4,500,000        4,500,000   

0.240%, 11/03/14

    8,000,000        8,000,000   

Nordea Bank AB

   

0.183%, 01/05/15

    10,500,000        10,494,960   

0.213%, 01/27/15

    12,000,000        11,991,740   

0.218%, 01/21/15

    15,000,000        14,989,967   

Skandinaviska Enskilda Banken AB

   

0.223%, 10/31/14

    8,000,000        7,998,533   

0.259%, 03/11/15

    12,000,000        11,986,315   

Societe Generale N.A., Inc.

   

0.015%, 10/02/14

    10,000,000        9,999,996   

0.015%, 10/03/14

    5,000,000        4,999,996   

Sumitomo Mitsui Banking Corp.

   

0.071%, 10/02/14

    5,000,000        4,999,990   

Westpac Banking Corp.

   

0.227%, 10/30/14

    15,000,000        15,000,000   

0.235%, 07/02/15 (144A)

    5,000,000        4,999,808   

Westpac Securities NZ, Ltd.

   

0.267%, 08/13/15 (144A)

    7,500,000        7,500,000   
   

 

 

 

Total Financial Company Commercial Paper
(Cost $339,136,913)

      339,136,913   
   

 

 

 
Asset Backed Commercial Paper (b)—22.2%   

Antalis U.S. Funding Corp.

   

0.081%, 10/06/14

    8,000,000        7,999,911   

0.233%, 11/07/14

    5,000,000        4,998,818   

Bedford Row Funding Corp.

   

0.253%, 11/05/14

    8,000,000        7,998,056   

0.258%, 03/12/15

    10,000,000        10,000,000   

0.304%, 11/25/14

    5,000,000        4,997,708   

Charta LLC

   

0.172%, 12/04/14

    10,000,000        9,996,978   

0.183%, 11/10/14

    10,000,000        9,998,000   

0.243%, 12/10/14

    7,000,000        6,996,733   

0.253%, 02/04/15

    13,000,000        12,988,625   

Collateralized Commercial Paper II Co. LLC

   

0.304%, 02/09/15

    7,550,000        7,541,758   

0.304%, 03/16/15

    12,000,000        11,983,400   

Fairway Finance Co. LLC

   

0.223%, 02/06/15 (144A)

    15,000,000        14,988,267   

Gemini Securitization Corp. LLC

   

0.152%, 10/01/14

    53,007,000        53,007,000   

Kells Funding LLC

   

0.247%, 10/15/14 (144A)

    5,000,000        4,999,981   

Old Line Funding LLC

   

0.223%, 01/26/15

    15,000,000      14,989,275   

Regency Markets No. 1 LLC

   

0.132%, 10/15/14

    19,500,000        19,499,014   

Sheffield Receivables Corp.

   

0.183%, 10/21/14

    12,000,000        11,998,800   

Thunder Bay Funding LLC

   

0.223%, 02/06/15

    10,000,000        9,992,178   

Victory Receivables Corp.

   

0.020%, 10/01/14

    15,000,000        15,000,000   

0.101%, 10/02/14

    2,062,000        2,061,994   

Working Capital Management Co.

   

0.112%, 10/03/14 (144A)

    41,000,000        40,999,749   

0.132%, 10/06/14

    10,000,000        9,999,819   
   

 

 

 

Total Asset Backed Commercial Paper
(Cost $293,036,064)

      293,036,064   
   

 

 

 
Treasury Debt—12.1%                

U.S. Treasury Bills

   

0.010%, 12/26/14 (b)

    20,000,000        19,999,522   

0.010%, 02/05/15 (b)

    10,000,000        9,999,647   

0.030%, 03/26/15 (b)

    15,000,000        14,997,800   

0.052%, 10/16/14 (b)

    5,000,000        4,999,894   

0.102%, 05/28/15 (b)

    10,000,000        9,993,328   

0.114%, 06/25/15 (b)

    11,700,000        11,690,238   

0.122%, 03/05/15 (b)

    28,750,000        28,739,956   

0.129%, 09/17/15 (b)

    4,000,000        3,995,027   

U.S. Treasury Notes

   

0.132%, 10/31/14

    31,000,000        31,004,401   

0.144%, 10/31/14

    24,000,000        24,044,305   
   

 

 

 

Total Treasury Debt
(Cost $159,464,118)

      159,464,118   
   

 

 

 
Government Agency Debt—6.1%   

Fannie Mae

   

0.148%, 02/27/15 (a)

    15,000,000        14,998,461   

Federal Home Loan Bank

   

0.020%, 11/26/14 (b)

    25,000,000        24,999,222   

0.022%, 11/28/14 (b)

    40,000,000        39,998,582   
   

 

 

 

Total Government Agency Debt
(Cost $79,996,265)

      79,996,265   
   

 

 

 
Other Note—0.9%                

Svenska Handelsbanken AB

   

0.288%, 03/13/15 (144A) (a)

    11,100,000        11,100,000   
   

 

 

 

Total Other Note
(Cost $11,100,000)

      11,100,000   
   

 

 

 

 

MSF-50


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Other Commercial Paper—0.5%

 

Security Description   Principal
Amount*
    Value  

CPPIB Capital, Inc.

   

0.304%, 02/09/15 (b)

    7,000,000      $ 6,992,358   
   

 

 

 

Total Other Commercial Paper
(Cost $,6,992,358)

      6,992,358   
   

 

 

 

Total Investments—99.1%
(Cost $1,306,633,738) (c)

      1,306,633,738   

Other assets and liabilities (net)—0.9%

      12,061,362   
   

 

 

 
Net Assets—100.0%     $ 1,318,695,100   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Variable or floating rate security. The stated rate represents the rate at September 30, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(b) The rate shown represents current yield to maturity.
(c) As of September 30, 2014, the aggregate cost of investments was $1,306,633,738.
(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, 2014, the market value of 144A securities was $125,583,313, which is 9.5% of net assets.

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Certificate of Deposit*

   $ —         $ 416,908,020       $ —         $ 416,908,020   

Financial Company Commercial Paper

     —           339,136,913         —           339,136,913   

Asset Backed Commercial Paper

     —           293,036,064         —           293,036,064   

Treasury Debt

     —           159,464,118         —           159,464,118   

Government Agency Debt

     —           79,996,265         —           79,996,265   

Other Note

     —           11,100,000         —           11,100,000   

Other Commercial Paper

     —           6,992,358         —           6,992,358   

Total Investments

   $ —         $ 1,306,633,738       $ —         $ 1,306,633,738   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-51


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—98.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.9%

  

BE Aerospace, Inc. (a)

    251,210      $ 21,086,567   
   

 

 

 

Airlines—3.1%

  

American Airlines Group, Inc.

    492,580        17,476,738   

Spirit Airlines, Inc. (a)

    247,008        17,078,133   
   

 

 

 
      34,554,871   
   

 

 

 

Automobiles—0.6%

  

Harley-Davidson, Inc.

    118,810        6,914,742   
   

 

 

 

Banks—2.2%

  

Signature Bank (a)

    120,160        13,465,130   

SVB Financial Group (a)

    94,478        10,590,039   
   

 

 

 
      24,055,169   
   

 

 

 

Beverages—1.3%

  

Brown-Forman Corp. - Class B

    160,280        14,460,462   
   

 

 

 

Biotechnology—3.4%

  

Alkermes plc (a)

    402,223        17,243,300   

Incyte Corp. (a)

    251,713        12,346,523   

Medivation, Inc. (a)

    74,900        7,405,363   
   

 

 

 
      36,995,186   
   

 

 

 

Capital Markets—3.0%

  

E*Trade Financial Corp. (a)

    518,011        11,701,869   

Raymond James Financial, Inc.

    312,334        16,734,856   

WisdomTree Investments, Inc. (a) (b)

    380,180        4,326,448   
   

 

 

 
      32,763,173   
   

 

 

 

Chemicals—2.6%

  

Cytec Industries, Inc.

    231,400        10,942,906   

FMC Corp.

    73,938        4,228,514   

Sherwin-Williams Co. (The)

    61,209        13,404,159   
   

 

 

 
      28,575,579   
   

 

 

 

Commercial Services & Supplies—2.2%

  

Copart, Inc. (a)

    277,963        8,704,411   

KAR Auction Services, Inc.

    270,200        7,735,826   

Stericycle, Inc. (a)

    64,490        7,516,955   
   

 

 

 
      23,957,192   
   

 

 

 

Construction & Engineering—2.2%

  

Jacobs Engineering Group, Inc. (a)

    209,230        10,214,608   

MasTec, Inc. (a) (b)

    444,861        13,621,644   
   

 

 

 
      23,836,252   
   

 

 

 

Construction Materials—2.1%

  

Eagle Materials, Inc.

    227,211        23,136,896   
   

 

 

 

Distributors—1.4%

  

LKQ Corp. (a)

    585,960        15,580,676   
   

 

 

 

Diversified Consumer Services—0.8%

  

Bright Horizons Family Solutions, Inc. (a) (b)

    215,057      9,045,297   
   

 

 

 

Diversified Telecommunication Services—0.9%

  

Cogent Communications Holdings, Inc. (b)

    300,313        10,093,520   
   

 

 

 

Electronic Equipment, Instruments & Components—1.7%

  

Amphenol Corp. - Class A

    184,848        18,458,921   
   

 

 

 

Energy Equipment & Services—1.3%

  

Cameron International Corp. (a)

    216,220        14,352,684   
   

 

 

 

Food & Staples Retailing—0.7%

  

United Natural Foods, Inc. (a) (b)

    124,900        7,676,354   
   

 

 

 

Food Products—1.4%

  

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

    83,500        8,546,225   

Mead Johnson Nutrition Co.

    72,100        6,937,462   
   

 

 

 
      15,483,687   
   

 

 

 

Health Care Equipment & Supplies—1.9%

  

Cooper Cos., Inc. (The)

    132,650        20,660,237   
   

 

 

 

Health Care Providers & Services—3.8%

  

Centene Corp. (a)

    175,000        14,474,250   

Humana, Inc.

    93,900        12,234,231   

MEDNAX, Inc. (a) (b)

    265,008        14,527,739   
   

 

 

 
      41,236,220   
   

 

 

 

Health Care Technology—1.3%

  

Allscripts Healthcare Solutions, Inc. (a)

    401,180        5,381,830   

Cerner Corp. (a)

    155,390        9,256,582   
   

 

 

 
      14,638,412   
   

 

 

 

Hotels, Restaurants & Leisure—3.9%

  

Chipotle Mexican Grill, Inc. (a)

    10,580        7,052,522   

Dunkin’ Brands Group, Inc. (b)

    204,990        9,187,652   

MGM Resorts International (a)

    463,700        10,563,086   

Starwood Hotels & Resorts Worldwide, Inc.

    192,070        15,982,145   
   

 

 

 
      42,785,405   
   

 

 

 

Household Durables—0.9%

  

Harman International Industries, Inc.

    100,100        9,813,804   
   

 

 

 

Insurance—3.3%

  

Allied World Assurance Co. Holdings AG

    185,208        6,823,063   

Aon plc

    205,411        18,008,382   

Arthur J. Gallagher & Co.

    238,910        10,836,958   
   

 

 

 
      35,668,403   
   

 

 

 

Internet & Catalog Retail—1.0%

  

Netflix, Inc. (a)

    24,740        11,162,193   
   

 

 

 

 

MSF-52


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Internet Software & Services—1.5%

  

Akamai Technologies, Inc. (a)

    202,580      $ 12,114,284   

Yelp, Inc. (a) (b)

    65,540        4,473,105   
   

 

 

 
      16,587,389   
   

 

 

 

IT Services—5.7%

  

Alliance Data Systems Corp. (a)

    74,029        18,379,180   

Gartner, Inc. (a)

    155,137        11,397,915   

Global Payments, Inc.

    187,530        13,104,597   

Jack Henry & Associates, Inc.

    167,670        9,332,512   

WEX, Inc. (a)

    94,340        10,407,589   
   

 

 

 
      62,621,793   
   

 

 

 

Life Sciences Tools & Services—1.5%

  

Illumina, Inc. (a)

    103,810        17,016,535   
   

 

 

 

Machinery—3.3%

  

Pall Corp.

    94,354        7,897,430   

Pentair plc

    172,937        11,325,644   

Wabtec Corp.

    209,190        16,952,758   
   

 

 

 
      36,175,832   
   

 

 

 

Marine—2.1%

  

Kirby Corp. (a)

    192,490        22,684,946   
   

 

 

 

Media—1.4%

  

Discovery Communications, Inc. - Class A (a)

    137,579        5,200,486   

Imax Corp. (a) (b)

    376,263        10,332,182   
   

 

 

 
      15,532,668   
   

 

 

 

Oil, Gas & Consumable Fuels—6.1%

  

Cabot Oil & Gas Corp.

    350,500        11,457,845   

Carrizo Oil & Gas, Inc. (a)

    328,251        17,666,469   

Concho Resources, Inc. (a)

    86,050        10,789,809   

Continental Resources, Inc. (a) (b)

    236,260        15,706,565   

EP Energy Corp. - Class A (a) (b)

    387,300        6,770,004   

SandRidge Energy, Inc. (a) (b)

    993,420        4,261,772   
   

 

 

 
      66,652,464   
   

 

 

 

Pharmaceuticals—3.2%

  

Mylan, Inc. (a)

    231,140        10,514,558   

Perrigo Co. plc

    163,219        24,513,862   
   

 

 

 
      35,028,420   
   

 

 

 

Professional Services—2.3%

  

IHS, Inc. - Class A (a)

    202,550        25,357,234   
   

 

 

 

Road & Rail—2.4%

   

Genesee & Wyoming, Inc. - Class A (a)

    163,005        15,536,007   

J.B. Hunt Transport Services, Inc.

    145,400        10,766,870   
   

 

 

 
      26,302,877   
   

 

 

 

Semiconductors & Semiconductor Equipment—5.8%

  

Avago Technologies, Ltd.

    239,798      20,862,426   

Lam Research Corp.

    176,684        13,198,295   

NXP Semiconductor NV (a)

    428,584        29,328,003   
   

 

 

 
      63,388,724   
   

 

 

 

Software—5.0%

  

Cadence Design Systems, Inc. (a) (b)

    1,105,116        19,019,046   

Electronic Arts, Inc. (a)

    650,350        23,158,964   

Fortinet, Inc. (a)

    391,631        9,894,557   

Zynga, Inc. - Class A (a) (b)

    1,041,350        2,811,645   
   

 

 

 
      54,884,212   
   

 

 

 

Specialty Retail—4.7%

  

Advance Auto Parts, Inc.

    97,840        12,748,552   

DSW, Inc. - Class A

    312,000        9,394,320   

O’Reilly Automotive, Inc. (a)

    79,130        11,897,987   

Ross Stores, Inc.

    109,700        8,291,126   

Tiffany & Co.

    95,930        9,239,018   
   

 

 

 
      51,571,003   
   

 

 

 

Technology Hardware, Storage & Peripherals—2.0%

  

SanDisk Corp.

    219,200        21,470,640   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.4%

  

VF Corp.

    229,290        15,140,019   
   

 

 

 

Trading Companies & Distributors—0.9%

  

WESCO International, Inc. (a) (b)

    124,790        9,766,065   
   

 

 

 

Total Common Stocks
(Cost $908,720,140)

      1,077,172,723   
   

 

 

 
Short-Term Investments—9.6%   

Mutual Fund—8.2%

   

State Street Navigator Securities Lending MET Portfolio (c)

    89,344,573        89,344,573   
   

 

 

 

Repurchase Agreement—1.4%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $15,641,427 on 10/01/14, collateralized by $15,645,000 U.S. Treasury Note at 2.125% due 05/31/15 with a value of $15,957,900.

    15,641,427        15,641,427   
   

 

 

 

Total Short-Term Investments
(Cost $104,986,000)

      104,986,000   
   

 

 

 

Total Investments—107.8%
(Cost $1,013,706,140) (d)

      1,182,158,723   

Other assets and liabilities
(net)—(7.8)%

      (85,431,321
   

 

 

 
Net Assets—100.0%     $ 1,096,727,402   
   

 

 

 

 

MSF-53


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $99,584,662 and the collateral received consisted of cash in the amount of $89,344,573 and non-cash collateral with a value of $14,438,471. 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 is 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, 2014, the aggregate cost of investments was $1,013,706,140. The aggregate unrealized appreciation and depreciation of investments were $188,927,609 and $(20,475,026), respectively, resulting in net unrealized appreciation of $168,452,583.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,077,172,723       $ —        $ —         $ 1,077,172,723   
Short-Term Investments           

Mutual Fund

     89,344,573         —          —           89,344,573   

Repurchase Agreement

     —           15,641,427        —           15,641,427   

Total Short-Term Investments

     89,344,573         15,641,427        —           104,986,000   

Total Investments

   $ 1,166,517,296       $ 15,641,427      $ —         $ 1,182,158,723   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (89,344,573   $ —         $ (89,344,573

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-54


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—99.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—3.4%

  

Boeing Co. (The)

    403,386      $ 51,383,309   

Precision Castparts Corp.

    213,214        50,506,132   
   

 

 

 
      101,889,441   
   

 

 

 

Automobiles—1.2%

  

Tesla Motors, Inc. (a) (b)

    146,788        35,622,512   
   

 

 

 

Biotechnology—9.9%

  

Alexion Pharmaceuticals, Inc. (a)

    362,571        60,121,523   

Biogen Idec, Inc. (a)

    233,113        77,116,111   

Celgene Corp. (a)

    496,618        47,069,454   

Gilead Sciences, Inc. (a)

    588,315        62,626,132   

Vertex Pharmaceuticals, Inc. (a)

    457,990        51,436,857   
   

 

 

 
      298,370,077   
   

 

 

 

Capital Markets—2.7%

  

Goldman Sachs Group, Inc. (The)

    216,063        39,662,685   

Morgan Stanley

    1,214,527        41,986,198   
   

 

 

 
      81,648,883   
   

 

 

 

Chemicals—1.7%

  

Monsanto Co.

    460,866        51,852,034   
   

 

 

 

Energy Equipment & Services—2.3%

  

Schlumberger, Ltd.

    696,325        70,809,289   
   

 

 

 

Food & Staples Retailing—1.8%

  

Costco Wholesale Corp.

    429,774        53,859,278   
   

 

 

 

Food Products—1.4%

  

Mondelez International, Inc. - Class A

    1,202,832        41,215,038   
   

 

 

 

Health Care Equipment & Supplies—1.2%

  

Abbott Laboratories

    844,960        35,141,886   
   

 

 

 

Hotels, Restaurants & Leisure—5.1%

  

Chipotle Mexican Grill, Inc. (a)

    55,762        37,170,391   

Dunkin’ Brands Group, Inc. (b)

    476,745        21,367,711   

Las Vegas Sands Corp.

    247,300        15,384,533   

Marriott International, Inc. - Class A (b)

    594,928        41,585,467   

Starbucks Corp.

    486,519        36,712,724   
   

 

 

 
      152,220,826   
   

 

 

 

Internet & Catalog Retail—7.0%

  

Amazon.com, Inc. (a)

    245,939        79,300,571   

Netflix, Inc. (a)

    97,630        44,048,704   

Priceline Group, Inc. (The) (a)

    52,066        60,322,626   

TripAdvisor, Inc. (a)

    309,842        28,325,756   
   

 

 

 
      211,997,657   
   

 

 

 

Internet Software & Services—12.5%

  

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

    298,166        26,492,049   

Facebook, Inc. - Class A (a)

    1,383,091        109,319,513   

Google, Inc. - Class A (a)

    114,432        67,332,933   

Google, Inc. - Class C (a)

    116,717        67,387,727   

Internet Software & Services—(Continued)

  

LinkedIn Corp. - Class A (a)

    259,153      53,849,402   

Pandora Media, Inc. (a) (b)

    341,324        8,246,388   

Twitter, Inc. (a)

    772,432        39,842,043   

Youku Tudou, Inc. (ADR) (a) (b)

    117,195        2,100,134   
   

 

 

 
      374,570,189   
   

 

 

 

IT Services—5.5%

  

MasterCard, Inc. - Class A

    1,352,501        99,976,874   

Visa, Inc. - Class A

    311,788        66,526,206   
   

 

 

 
      166,503,080   
   

 

 

 

Life Sciences Tools & Services—1.5%

  

Illumina, Inc. (a)

    274,436        44,985,549   
   

 

 

 

Media—4.2%

  

Discovery Communications, Inc. - Class A (a)

    394,442        14,909,908   

Discovery Communications, Inc. - Class C (a)

    372,807        13,898,245   

Twenty-First Century Fox, Inc. - Class A

    1,292,694        44,326,477   

Walt Disney Co. (The)

    608,674        54,190,246   
   

 

 

 
      127,324,876   
   

 

 

 

Oil, Gas & Consumable Fuels—2.7%

  

Concho Resources, Inc. (a)

    324,654        40,708,365   

EOG Resources, Inc.

    403,221        39,926,943   
   

 

 

 
      80,635,308   
   

 

 

 

Pharmaceuticals—6.3%

  

Actavis plc (a)

    123,356        29,763,336   

Bristol-Myers Squibb Co.

    1,048,146        53,644,112   

Merck & Co., Inc.

    767,163        45,477,423   

Novo Nordisk A/S (ADR)

    1,264,771        60,228,395   
   

 

 

 
      189,113,266   
   

 

 

 

Real Estate Investment Trusts—1.1%

  

American Tower Corp.

    351,983        32,956,168   
   

 

 

 

Road & Rail—3.3%

  

Canadian Pacific Railway, Ltd.

    255,900        53,091,573   

Union Pacific Corp.

    433,581        47,008,852   
   

 

 

 
      100,100,425   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.9%

  

ARM Holdings plc (ADR) (b)

    601,846        26,294,652   
   

 

 

 

Software—8.1%

  

Adobe Systems, Inc. (a)

    559,403        38,705,094   

FireEye, Inc. (a) (b)

    457,194        13,971,849   

Red Hat, Inc. (a)

    768,959        43,177,048   

Salesforce.com, Inc. (a)

    876,968        50,451,969   

Splunk, Inc. (a) (b)

    503,958        27,899,115   

Tableau Software, Inc. - Class A (a)

    91,619        6,656,120   

VMware, Inc. - Class A (a) (b)

    364,258        34,181,971   

Workday, Inc. - Class A (a) (b)

    343,165        28,311,112   
   

 

 

 
      243,354,278   
   

 

 

 

 

MSF-55


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description  

    
Shares

    Value  

Specialty Retail—5.6%

  

Inditex S.A.

    1,799,284      $ 49,567,816   

O’Reilly Automotive, Inc. (a)

    199,909        30,058,317   

Tiffany & Co.

    356,434        34,328,159   

TJX Cos., Inc. (The)

    928,155        54,918,931   
   

 

 

 
      168,873,223   
   

 

 

 

Technology Hardware, Storage & Peripherals—5.6%

  

Apple, Inc.

    1,672,469        168,501,252   
   

 

 

 

Textiles, Apparel & Luxury Goods—4.5%

  

Michael Kors Holdings, Ltd. (a)

    321,029        22,918,260   

NIKE, Inc. - Class B

    749,486        66,854,151   

Under Armour, Inc. - Class A (a) (b)

    658,768        45,520,869   
   

 

 

 
      135,293,280   
   

 

 

 

Total Common Stocks
(Cost $2,049,886,137)

      2,993,132,467   
   

 

 

 
Short-Term Investments—7.6%   

Mutual Fund—6.9%

  

State Street Navigator Securities Lending MET Portfolio (c)

    208,005,591        208,005,591   
   

 

 

 
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.7%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $19,126,195 on 10/01/14, collateralized by $19,510,000 Federal National Mortgage Association at 0.000% due 01/26/15 with a value of $19,510,000.

    19,126,195      19,126,195   
   

 

 

 

Total Short-Term Investments
(Cost $227,131,786)

      227,131,786   
   

 

 

 

Total Investments—107.1%
(Cost $2,277,017,923) (d)

      3,220,264,253   

Other assets and liabilities
(net)—(7.1)%

      (212,821,003
   

 

 

 
Net Assets—100.0%     $ 3,007,443,250   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $201,163,686 and the collateral received consisted of cash in the amount of $208,005,591. 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, 2014, the aggregate cost of investments was $2,277,017,923. The aggregate unrealized appreciation and depreciation of investments were $963,640,017 and $(20,393,687), respectively, resulting in net unrealized appreciation of $943,246,330.
(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-56


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 101,889,441       $ —        $ —         $ 101,889,441   

Automobiles

     35,622,512         —          —           35,622,512   

Biotechnology

     298,370,077         —          —           298,370,077   

Capital Markets

     81,648,883         —          —           81,648,883   

Chemicals

     51,852,034         —          —           51,852,034   

Energy Equipment & Services

     70,809,289         —          —           70,809,289   

Food & Staples Retailing

     53,859,278         —          —           53,859,278   

Food Products

     41,215,038         —          —           41,215,038   

Health Care Equipment & Supplies

     35,141,886         —          —           35,141,886   

Hotels, Restaurants & Leisure

     152,220,826         —          —           152,220,826   

Internet & Catalog Retail

     211,997,657         —          —           211,997,657   

Internet Software & Services

     374,570,189         —          —           374,570,189   

IT Services

     166,503,080         —          —           166,503,080   

Life Sciences Tools & Services

     44,985,549         —          —           44,985,549   

Media

     127,324,876         —          —           127,324,876   

Oil, Gas & Consumable Fuels

     80,635,308         —          —           80,635,308   

Pharmaceuticals

     189,113,266         —          —           189,113,266   

Real Estate Investment Trusts

     32,956,168         —          —           32,956,168   

Road & Rail

     100,100,425         —          —           100,100,425   

Semiconductors & Semiconductor Equipment

     26,294,652         —          —           26,294,652   

Software

     243,354,278         —          —           243,354,278   

Specialty Retail

     119,305,407         49,567,816        —           168,873,223   

Technology Hardware, Storage & Peripherals

     168,501,252         —          —           168,501,252   

Textiles, Apparel & Luxury Goods

     135,293,280         —          —           135,293,280   

Total Common Stocks

     2,943,564,651         49,567,816        —           2,993,132,467   
Short-Term Investments           

Mutual Fund

     208,005,591         —          —           208,005,591   

Repurchase Agreement

     —           19,126,195        —           19,126,195   

Total Short-Term Investments

     208,005,591         19,126,195        —           227,131,786   

Total Investments

   $ 3,151,570,242       $ 68,694,011      $ —         $ 3,220,264,253   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (208,005,591   $ —         $ (208,005,591

 

MSF-57


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—98.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.5%

  

Exelis, Inc.

    42,259      $ 698,964   

Hexcel Corp. (a)

    36,103        1,433,289   

Vectrus, Inc. (a)

    2,348        45,851   
   

 

 

 
      2,178,104   
   

 

 

 

Air Freight & Logistics—0.7%

  

XPO Logistics, Inc. (a) (b)

    85,512        3,221,237   
   

 

 

 

Airlines—0.4%

  

Spirit Airlines, Inc. (a)

    26,398        1,825,158   
   

 

 

 

Auto Components—1.3%

  

Dana Holding Corp.

    92,833        1,779,609   

Fox Factory Holding Corp. (a) (b)

    112,076        1,737,178   

Remy International, Inc.

    65,459        1,343,873   

Tenneco, Inc. (a)

    21,787        1,139,678   
   

 

 

 
      6,000,338   
   

 

 

 

Banks—9.4%

  

BancorpSouth, Inc.

    117,513        2,366,712   

Bank of the Ozarks, Inc. (b)

    62,366        1,965,776   

Boston Private Financial Holdings, Inc.

    108,883        1,349,061   

Cathay General Bancorp

    132,581        3,291,986   

City National Corp.

    36,180        2,737,741   

CVB Financial Corp. (b)

    129,106        1,852,671   

First Financial Bancorp

    126,493        2,002,384   

First Financial Bankshares, Inc. (b)

    50,042        1,390,667   

Iberiabank Corp.

    33,100        2,069,081   

PacWest Bancorp

    72,443        2,986,825   

Pinnacle Financial Partners, Inc.

    102,991        3,717,975   

Popular, Inc. (a)

    54,000        1,589,490   

PrivateBancorp, Inc.

    65,964        1,972,983   

Prosperity Bancshares, Inc.

    49,002        2,801,444   

Signature Bank (a)

    29,196        3,271,704   

Talmer Bancorp, Inc. - Class A

    141,792        1,960,983   

Texas Capital Bancshares, Inc. (a)

    38,371        2,213,239   

TriState Capital Holdings, Inc. (a)

    80,906        733,818   

Wintrust Financial Corp.

    61,820        2,761,500   
   

 

 

 
      43,036,040   
   

 

 

 

Biotechnology—2.7%

  

Acceleron Pharma, Inc. (a) (b)

    33,492        1,012,798   

Acorda Therapeutics, Inc. (a) (b)

    29,615        1,003,356   

Anacor Pharmaceuticals, Inc. (a) (b)

    67,343        1,647,883   

Chimerix, Inc. (a) (b)

    48,231        1,332,140   

Emergent Biosolutions, Inc. (a)

    74,023        1,577,430   

Exact Sciences Corp. (a) (b)

    64,042        1,241,134   

Neurocrine Biosciences, Inc. (a) (b)

    86,353        1,353,152   

PTC Therapeutics, Inc. (a) (b)

    19,302        849,481   

Receptos, Inc. (a)

    17,771        1,103,757   

TESARO, Inc. (a) (b)

    39,578        1,065,440   
   

 

 

 
      12,186,571   
   

 

 

 

Building Products—1.5%

  

Apogee Enterprises, Inc.

    53,679      2,136,424   

Armstrong World Industries, Inc. (a)

    35,535        1,989,960   

Masonite International Corp. (a)

    33,126        1,834,518   

NCI Building Systems, Inc. (a) (b)

    57,206        1,109,796   
   

 

 

 
      7,070,698   
   

 

 

 

Capital Markets—1.9%

  

Ares Capital Corp.

    100,165        1,618,666   

Artisan Partners Asset Management, Inc. -
Class A

    29,501        1,535,527   

Hercules Technology Growth Capital, Inc. (b)

    84,574        1,222,940   

HFF, Inc. - Class A

    38,491        1,114,315   

Safeguard Scientifics, Inc. (a) (b)

    43,441        799,314   

Stifel Financial Corp. (a)

    56,327        2,641,173   
   

 

 

 
      8,931,935   
   

 

 

 

Chemicals—1.7%

  

Cabot Corp.

    44,594        2,264,037   

Flotek Industries, Inc. (a) (b)

    65,392        1,704,769   

Minerals Technologies, Inc.

    36,581        2,257,414   

Tronox, Ltd. - Class A

    52,108        1,357,413   

Zep, Inc.

    22,687        318,072   
   

 

 

 
      7,901,705   
   

 

 

 

Commercial Services & Supplies—3.0%

  

Healthcare Services Group, Inc. (b)

    46,422        1,328,133   

Interface, Inc.

    87,698        1,415,446   

KAR Auction Services, Inc.

    97,612        2,794,632   

Knoll, Inc. (b)

    99,077        1,715,023   

McGrath RentCorp (b)

    34,930        1,194,606   

Rollins, Inc.

    51,936        1,520,686   

Viad Corp.

    57,099        1,179,094   

Waste Connections, Inc.

    32,277        1,566,080   

West Corp. (b)

    40,130        1,182,230   
   

 

 

 
      13,895,930   
   

 

 

 

Communications Equipment—0.6%

  

Calix, Inc. (a)

    165,893        1,587,596   

Ciena Corp. (a) (b)

    68,979        1,153,329   
   

 

 

 
      2,740,925   
   

 

 

 

Construction & Engineering—0.8%

  

MYR Group, Inc. (a)

    68,157        1,641,220   

Primoris Services Corp.

    83,665        2,245,569   
   

 

 

 
      3,886,789   
   

 

 

 

Consumer Finance—0.6%

  

Credit Acceptance Corp. (a) (b)

    6,625        835,214   

Encore Capital Group, Inc. (a) (b)

    39,074        1,731,369   
   

 

 

 
      2,566,583   
   

 

 

 

Distributors—0.8%

  

Core-Mark Holding Co., Inc.

    35,474        1,881,541   

Pool Corp.

    33,189        1,789,551   
   

 

 

 
      3,671,092   
   

 

 

 

 

MSF-58


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Consumer Services—1.3%

  

Bright Horizons Family Solutions, Inc. (a)

    56,156      $ 2,361,921   

Grand Canyon Education, Inc. (a)

    50,361        2,053,218   

Nord Anglia Education, Inc. (a) (b)

    93,818        1,594,906   
   

 

 

 
      6,010,045   
   

 

 

 

Diversified Financial Services—1.2%

  

FNFV Group (a)

    142,354        1,958,791   

MarketAxess Holdings, Inc.

    55,518        3,434,344   
   

 

 

 
      5,393,135   
   

 

 

 

Diversified Telecommunication Services—0.1%

  

Premiere Global Services, Inc. (a)

    55,571        665,185   
   

 

 

 

Electric Utilities—1.3%

  

ALLETE, Inc. (b)

    60,842        2,700,776   

ITC Holdings Corp.

    21,890        779,941   

UIL Holdings Corp. (b)

    69,173        2,448,724   
   

 

 

 
      5,929,441   
   

 

 

 

Electrical Equipment—1.3%

  

AZZ, Inc.

    24,669        1,030,424   

Babcock & Wilcox Co. (The)

    72,934        2,019,542   

EnerSys (b)

    30,351        1,779,783   

Thermon Group Holdings, Inc. (a)

    55,159        1,346,983   
   

 

 

 
      6,176,732   
   

 

 

 

Electronic Equipment, Instruments & Components—4.0%

  

Belden, Inc.

    37,769        2,417,971   

Checkpoint Systems, Inc. (a)

    90,089        1,101,788   

FEI Co.

    21,756        1,640,838   

IPG Photonics Corp. (a) (b)

    23,269        1,600,442   

Littelfuse, Inc.

    38,569        3,285,307   

Measurement Specialties, Inc. (a)

    15,176        1,299,217   

Methode Electronics, Inc.

    41,519        1,530,806   

Rogers Corp. (a)

    40,620        2,224,351   

TTM Technologies, Inc. (a)

    89,179        607,309   

Vishay Intertechnology, Inc. (b)

    169,189        2,417,711   
   

 

 

 
      18,125,740   
   

 

 

 

Energy Equipment & Services—2.8%

  

Bristow Group, Inc.

    34,488        2,317,593   

Dril-Quip, Inc. (a)

    16,544        1,479,034   

Forum Energy Technologies, Inc. (a)

    59,082        1,808,500   

Helix Energy Solutions Group, Inc. (a)

    204,809        4,518,086   

Parker Drilling Co. (a)

    337,922        1,669,335   

RigNet, Inc. (a)

    23,931        968,009   
   

 

 

 
      12,760,557   
   

 

 

 

Food & Staples Retailing—0.4%

  

SpartanNash Co.

    97,655        1,899,390   
   

 

 

 

Food Products—1.2%

  

Darling Ingredients, Inc. (a)

    44,704        818,977   

J&J Snack Foods Corp.

    6,991        654,078   

Food Products—(Continued)

  

Post Holdings, Inc. (a) (b)

    63,678      2,112,836   

TreeHouse Foods, Inc. (a)

    21,169        1,704,105   
   

 

 

 
      5,289,996   
   

 

 

 

Health Care Equipment & Supplies—3.2%

  

Cardiovascular Systems, Inc. (a)

    44,813        1,058,931   

Cyberonics, Inc. (a) (b)

    19,469        996,034   

Cynosure, Inc. - Class A (a)

    93,729        1,968,309   

Insulet Corp. (a) (b)

    38,099        1,403,948   

Novadaq Technologies, Inc. (a)

    104,198        1,322,273   

Quidel Corp. (a)

    54,901        1,475,190   

Spectranetics Corp. (The) (a) (b)

    87,037        2,312,573   

SurModics, Inc. (a)

    42,270        767,623   

Teleflex, Inc.

    17,290        1,816,141   

Wright Medical Group, Inc. (a)

    50,709        1,536,483   
   

 

 

 
      14,657,505   
   

 

 

 

Health Care Providers & Services—3.1%

  

Acadia Healthcare Co., Inc. (a) (b)

    48,411        2,347,933   

Amsurg Corp. (a)

    38,592        1,931,530   

Bio-Reference Labs, Inc. (a)

    41,966        1,177,566   

BioScrip, Inc. (a) (b)

    209,985        1,450,996   

Hanger, Inc. (a)

    29,834        612,194   

IPC The Hospitalist Co., Inc. (a)

    34,814        1,559,319   

Magellan Health, Inc. (a)

    28,833        1,578,030   

Team Health Holdings, Inc. (a)

    44,813        2,598,706   

WellCare Health Plans, Inc. (a)

    19,306        1,164,924   
   

 

 

 
      14,421,198   
   

 

 

 

Health Care Technology—0.6%

  

HMS Holdings Corp. (a) (b)

    80,580        1,518,933   

MedAssets, Inc. (a)

    56,955        1,180,108   
   

 

 

 
      2,699,041   
   

 

 

 

Hotels, Restaurants & Leisure—4.0%

  

Churchill Downs, Inc.

    33,781        3,293,647   

Cracker Barrel Old Country Store, Inc. (b)

    13,641        1,407,615   

Diamond Resorts International, Inc. (a)

    122,259        2,782,615   

Marriott Vacations Worldwide Corp. (a)

    51,206        3,246,972   

Multimedia Games Holding Co., Inc. (a)

    38,659        1,392,111   

Popeyes Louisiana Kitchen, Inc. (a)

    42,358        1,715,499   

Six Flags Entertainment Corp. (b)

    62,966        2,165,401   

Vail Resorts, Inc.

    24,401        2,117,031   
   

 

 

 
      18,120,891   
   

 

 

 

Household Durables—1.0%

  

Jarden Corp. (a)

    43,374        2,607,211   

La-Z-Boy, Inc.

    36,054        713,509   

Libbey, Inc. (a)

    45,113        1,184,667   
   

 

 

 
      4,505,387   
   

 

 

 

Industrial Conglomerates—0.4%

  

Raven Industries, Inc. (b)

    73,559        1,794,840   
   

 

 

 

 

MSF-59


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Insurance—2.1%

  

Employers Holdings, Inc.

    114,738      $ 2,208,707   

HCC Insurance Holdings, Inc.

    68,370        3,301,587   

ProAssurance Corp.

    45,299        1,996,327   

Reinsurance Group of America, Inc.

    27,885        2,234,425   
   

 

 

 
      9,741,046   
   

 

 

 

Internet & Catalog Retail—1.2%

   

HomeAway, Inc. (a)

    51,605        1,831,978   

HSN, Inc.

    37,192        2,282,473   

Liberty Ventures - Series A (a)

    32,340        1,227,626   
   

 

 

 
      5,342,077   
   

 

 

 

Internet Software & Services—2.4%

  

Blucora, Inc. (a)

    44,164        673,059   

comScore, Inc. (a)

    42,553        1,549,355   

CoStar Group, Inc. (a)

    7,958        1,237,787   

Dealertrack Technologies, Inc. (a) (b)

    45,295        1,966,256   

Envestnet, Inc. (a)

    40,800        1,836,000   

Everyday Health, Inc. (a) (b)

    84,878        1,185,746   

Perficient, Inc. (a)

    84,986        1,273,940   

Shutterstock, Inc. (a) (b)

    21,173        1,511,329   
   

 

 

 
      11,233,472   
   

 

 

 

IT Services—3.4%

  

Cardtronics, Inc. (a)

    46,113        1,623,178   

Convergys Corp.

    107,588        1,917,218   

DST Systems, Inc.

    17,356        1,456,516   

Euronet Worldwide, Inc. (a)

    105,739        5,053,267   

InterXion Holding NV (a)

    79,202        2,193,103   

WEX, Inc. (a)

    29,644        3,270,326   
   

 

 

 
      15,513,608   
   

 

 

 

Life Sciences Tools & Services—0.3%

  

Cambrex Corp. (a)

    71,861        1,342,363   
   

 

 

 

Machinery—4.6%

  

Alamo Group, Inc.

    18,612        763,092   

Albany International Corp. - Class A

    51,129        1,740,431   

Altra Industrial Motion Corp.

    86,464        2,521,290   

Graham Corp.

    19,972        574,195   

John Bean Technologies Corp.

    105,577        2,969,881   

Manitowoc Co., Inc. (The) (b)

    55,070        1,291,391   

Middleby Corp. (The) (a)

    19,806        1,745,503   

Proto Labs, Inc. (a)

    23,101        1,593,969   

RBC Bearings, Inc.

    59,691        3,384,480   

Trimas Corp. (a)

    67,251        1,636,217   

Twin Disc, Inc.

    30,026        809,501   

Wabtec Corp.

    26,754        2,168,144   
   

 

 

 
      21,198,094   
   

 

 

 

Marine—0.6%

  

Kirby Corp. (a)

    21,825        2,572,076   
   

 

 

 

Media—2.5%

   

Carmike Cinemas, Inc. (a)

    73,550      2,278,579   

EW Scripps Co. (The) - Class A (a)

    90,338        1,473,413   

John Wiley & Sons, Inc. - Class A

    40,041        2,246,700   

National CineMedia, Inc.

    124,286        1,803,390   

New Media Investment Group, Inc. (b)

    107,473        1,787,276   

Time, Inc. (a)

    76,137        1,783,890   
   

 

 

 
      11,373,248   
   

 

 

 

Metals & Mining—1.8%

  

Globe Specialty Metals, Inc.

    52,032        946,462   

Haynes International, Inc.

    42,162        1,939,030   

Horsehead Holding Corp. (a) (b)

    101,090        1,671,018   

RTI International Metals, Inc. (a)

    56,585        1,395,386   

SunCoke Energy, Inc. (a)

    105,208        2,361,920   
   

 

 

 
      8,313,816   
   

 

 

 

Multi-Utilities—0.5%

  

NorthWestern Corp.

    54,849        2,487,951   
   

 

 

 

Oil, Gas & Consumable Fuels—1.9%

  

Clayton Williams Energy, Inc. (a)

    12,001        1,157,496   

Diamondback Energy, Inc. (a)

    22,563        1,687,261   

Gulfport Energy Corp. (a)

    30,869        1,648,405   

Oasis Petroleum, Inc. (a)

    36,780        1,537,772   

QEP Resources, Inc.

    47,596        1,465,005   

Rosetta Resources, Inc. (a)

    31,362        1,397,491   
   

 

 

 
      8,893,430   
   

 

 

 

Paper & Forest Products—0.3%

  

PH Glatfelter Co.

    52,982        1,162,955   
   

 

 

 

Pharmaceuticals—1.0%

  

Akorn, Inc. (a) (b)

    45,396        1,646,513   

Impax Laboratories, Inc. (a)

    37,930        899,320   

Mallinckrodt plc (a)

    9,201        829,470   

Pacira Pharmaceuticals, Inc. (a) (b)

    11,712        1,135,127   
   

 

 

 
      4,510,430   
   

 

 

 

Professional Services—2.5%

  

Advisory Board Co. (The) (a)

    34,781        1,620,447   

Corporate Executive Board Co. (The)

    26,762        1,607,593   

Huron Consulting Group, Inc. (a)

    30,051        1,832,210   

Insperity, Inc.

    29,383        803,331   

On Assignment, Inc. (a)

    51,359        1,378,989   

RPX Corp. (a)

    91,828        1,260,798   

TriNet Group, Inc. (a)

    42,482        1,093,912   

WageWorks, Inc. (a) (b)

    36,787        1,674,912   
   

 

 

 
      11,272,192   
   

 

 

 

Real Estate Investment Trusts—5.6%

  

American Campus Communities, Inc.

    55,813        2,034,384   

BioMed Realty Trust, Inc.

    122,885        2,482,277   

CubeSmart

    164,717        2,961,612   

Hersha Hospitality Trust

    424,476        2,703,912   

 

MSF-60


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Real Estate Investment Trusts—(Continued)

  

Home Properties, Inc.

    25,191      $ 1,467,124   

Mid-America Apartment Communities, Inc.

    32,704        2,147,017   

National Retail Properties, Inc. (b)

    42,345        1,463,867   

Omega Healthcare Investors, Inc.

    64,035        2,189,356   

Potlatch Corp.

    54,794        2,203,267   

Retail Opportunity Investments Corp. (b)

    194,735        2,862,604   

Sovran Self Storage, Inc.

    39,988        2,973,508   
   

 

 

 
      25,488,928   
   

 

 

 

Road & Rail—1.7%

  

Avis Budget Group, Inc. (a)

    22,108        1,213,508   

Genesee & Wyoming, Inc. - Class A (a)

    41,214        3,928,107   

Old Dominion Freight Line, Inc. (a)

    37,994        2,683,896   
   

 

 

 
      7,825,511   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.6%

  

Cavium, Inc. (a)

    38,917        1,935,342   

Intersil Corp. - Class A

    119,128        1,692,809   

MKS Instruments, Inc.

    41,497        1,385,170   

Monolithic Power Systems, Inc.

    51,157        2,253,466   

Power Integrations, Inc.

    25,521        1,375,837   

Semtech Corp. (a)

    128,834        3,497,843   

Silicon Laboratories, Inc. (a)

    40,822        1,659,006   

Teradyne, Inc.

    150,912        2,926,184   
   

 

 

 
      16,725,657   
   

 

 

 

Software—4.3%

  

Aspen Technology, Inc. (a)

    59,003        2,225,593   

FleetMatics Group plc (a) (b)

    52,020        1,586,610   

Guidewire Software, Inc. (a) (b)

    56,145        2,489,469   

Monotype Imaging Holdings, Inc.

    36,600        1,036,512   

NetScout Systems, Inc. (a)

    39,317        1,800,719   

Proofpoint, Inc. (a) (b)

    40,878        1,518,209   

SS&C Technologies Holdings, Inc. (a)

    29,722        1,304,499   

Synchronoss Technologies, Inc. (a) (b)

    56,196        2,572,653   

Ultimate Software Group, Inc. (The) (a) (b)

    14,616        2,068,310   

Verint Systems, Inc. (a)

    52,776        2,934,873   
   

 

 

 
      19,537,447   
   

 

 

 

Specialty Retail—2.2%

  

Asbury Automotive Group, Inc. (a)

    19,022        1,225,397   

Barnes & Noble, Inc. (a)

    68,614        1,354,441   

Christopher & Banks Corp. (a)

    70,346        695,722   

Genesco, Inc. (a)

    38,244        2,858,739   

MarineMax, Inc. (a) (b)

    115,338        1,943,445   

Restoration Hardware Holdings, Inc. (a) (b)

    17,082        1,358,873   

Sally Beauty Holdings, Inc. (a)

    29,695        812,752   
   

 

 

 
      10,249,369   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.1%

  

Eastman Kodak Co. (a) (b)

    23,802        522,930   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.4%

  

 

Deckers Outdoor Corp. (a) (b)

    21,498      2,089,176   

Oxford Industries, Inc.

    30,277        1,846,594   

Tumi Holdings, Inc. (a) (b)

    75,749        1,541,492   

Vince Holding Corp. (a)

    35,064        1,061,037   
   

 

 

 
      6,538,299   
   

 

 

 

Thrifts & Mortgage Finance—0.5%

  

Capitol Federal Financial, Inc.

    114,677        1,355,482   

Federal Agricultural Mortgage Corp. -
Class C

    33,757        1,084,950   
   

 

 

 
      2,440,432   
   

 

 

 

Trading Companies & Distributors—1.1%

  

DXP Enterprises, Inc. (a)

    24,901        1,834,706   

H&E Equipment Services, Inc.

    37,329        1,503,612   

Rush Enterprises, Inc. - Class A (a)

    50,123        1,676,614   
   

 

 

 
      5,014,932   
   

 

 

 

Transportation Infrastructure—0.6%

  

Macquarie Infrastructure Co. LLC

    21,938        1,463,264   

Wesco Aircraft Holdings, Inc. (a)

    64,507        1,122,422   
   

 

 

 
      2,585,686   
   

 

 

 

Water Utilities—0.1%

  

Middlesex Water Co.

    26,350        516,460   
   

 

 

 

Total Common Stocks
(Cost $337,578,853)

      449,964,597   
   

 

 

 
Short-Term Investments—18.7%   

Mutual Fund—17.0%

   

State Street Navigator Securities Lending MET Portfolio (c)

    77,757,984        77,757,984   
   

 

 

 

Repurchase Agreement—1.7%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $7,933,784 on 10/01/14, collateralized by $7,665,000 U.S. Treasury Bond at 11.250% due 02/15/15 with a value of $8,093,780.

    7,933,784        7,933,784   
   

 

 

 

Total Short-Term Investments
(Cost $85,691,768)

      85,691,768   
   

 

 

 

Total Investments—116.8%
(Cost $423,270,621) (d)

      535,656,365   

Other assets and liabilities
(net)—(16.8)%

      (76,890,897
   

 

 

 
Net Assets—100.0%     $ 458,765,468   
   

 

 

 

 

MSF-61


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $78,086,133 and the collateral received consisted of cash in the amount of $77,757,984 and non-cash collateral with a value of $3,653,833. 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 is 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, 2014, the aggregate cost of investments was $423,270,621. The aggregate unrealized appreciation and depreciation of investments were $123,108,852 and $(10,723,108), respectively, resulting in net unrealized appreciation of $112,385,744.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 449,964,597       $ —        $ —         $ 449,964,597   
Short-Term Investments           

Mutual Fund

     77,757,984         —          —           77,757,984   

Repurchase Agreement

     —           7,933,784        —           7,933,784   

Total Short-Term Investments

     77,757,984         7,933,784        —           85,691,768   

Total Investments

   $ 527,722,581       $ 7,933,784      $ —         $ 535,656,365   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (77,757,984   $ —         $ (77,757,984

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-62


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—97.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.8%

  

Hexcel Corp. (a)

    87,143      $ 3,459,577   
   

 

 

 

Air Freight & Logistics—1.9%

  

XPO Logistics, Inc. (a) (b)

    206,401        7,775,126   
   

 

 

 

Airlines—1.1%

  

Spirit Airlines, Inc. (a)

    64,093        4,431,390   
   

 

 

 

Banks—4.0%

  

Bank of the Ozarks, Inc.

    150,532        4,744,769   

Boston Private Financial Holdings, Inc.

    262,810        3,256,216   

Pinnacle Financial Partners, Inc.

    105,649        3,813,929   

PrivateBancorp, Inc.

    159,217        4,762,180   
   

 

 

 
      16,577,094   
   

 

 

 

Biotechnology—7.0%

  

Acceleron Pharma, Inc. (a) (b)

    80,839        2,444,571   

Acorda Therapeutics, Inc. (a)

    72,065        2,441,562   

Anacor Pharmaceuticals, Inc. (a) (b)

    162,545        3,977,476   

Chimerix, Inc. (a) (b)

    116,416        3,215,410   

Emergent Biosolutions, Inc. (a)

    178,670        3,807,458   

Exact Sciences Corp. (a) (b)

    154,720        2,998,474   

Neurocrine Biosciences, Inc. (a) (b)

    208,430        3,266,098   

PTC Therapeutics, Inc. (a) (b)

    46,911        2,064,553   

Receptos, Inc. (a)

    42,900        2,664,519   

TESARO, Inc. (a) (b)

    95,530        2,571,668   
   

 

 

 
      29,451,789   
   

 

 

 

Building Products—1.9%

  

Apogee Enterprises, Inc.

    129,565        5,156,687   

NCI Building Systems, Inc. (a) (b)

    139,283        2,702,090   
   

 

 

 
      7,858,777   
   

 

 

 

Capital Markets—1.5%

  

Artisan Partners Asset Management, Inc. - Class A

    71,208        3,706,376   

HFF, Inc. - Class A

    92,906        2,689,629   
   

 

 

 
      6,396,005   
   

 

 

 

Chemicals—1.0%

  

Flotek Industries, Inc. (a) (b)

    157,837        4,114,811   
   

 

 

 

Commercial Services & Supplies—1.6%

  

Healthcare Services Group, Inc. (b)

    112,978        3,232,300   

Interface, Inc.

    211,676        3,416,451   
   

 

 

 
      6,648,751   
   

 

 

 

Communications Equipment—0.7%

  

Ciena Corp. (a) (b)

    166,495        2,783,796   
   

 

 

 

Consumer Finance—1.0%

  

Encore Capital Group, Inc. (a) (b)

    94,313        4,179,009   
   

 

 

 

Distributors—1.0%

  

Pool Corp.

    80,109        4,319,477   
   

 

 

 

Diversified Consumer Services—3.5%

  

Bright Horizons Family Solutions, Inc. (a)

    135,544      $ 5,700,980   

Grand Canyon Education, Inc. (a)

    121,557        4,955,879   

Nord Anglia Education, Inc. (a) (b)

    226,448        3,849,616   
   

 

 

 
      14,506,475   
   

 

 

 

Diversified Financial Services—1.0%

  

MarketAxess Holdings, Inc.

    64,931        4,016,632   
   

 

 

 

Electrical Equipment—0.8%

  

Thermon Group Holdings, Inc. (a)

    133,136        3,251,181   
   

 

 

 

Electronic Equipment, Instruments & Components—2.6%

  

FEI Co.

    52,513        3,960,530   

IPG Photonics Corp. (a) (b)

    56,165        3,863,029   

Measurement Specialties, Inc. (a)

    36,632        3,136,066   
   

 

 

 
      10,959,625   
   

 

 

 

Energy Equipment & Services—3.5%

  

Dril-Quip, Inc. (a)

    39,932        3,569,921   

Forum Energy Technologies, Inc. (a)

    142,605        4,365,139   

Helix Energy Solutions Group, Inc. (a)

    194,334        4,287,008   

RigNet, Inc. (a)

    57,762        2,336,473   
   

 

 

 
      14,558,541   
   

 

 

 

Food Products—1.0%

  

TreeHouse Foods, Inc. (a)

    51,396        4,137,378   
   

 

 

 

Health Care Equipment & Supplies—6.5%

  

Cardiovascular Systems, Inc. (a)

    108,165        2,555,939   

Cyberonics, Inc. (a)

    46,994        2,404,213   

Cynosure, Inc. - Class A (a)

    134,516        2,824,836   

Insulet Corp. (a) (b)

    91,959        3,388,689   

Novadaq Technologies, Inc. (a)

    251,501        3,191,548   

Quidel Corp. (a) (b)

    132,514        3,560,651   

Spectranetics Corp. (The) (a) (b)

    210,080        5,581,826   

Wright Medical Group, Inc. (a)

    122,395        3,708,568   
   

 

 

 
      27,216,270   
   

 

 

 

Health Care Providers & Services—5.8%

  

Acadia Healthcare Co., Inc. (a) (b)

    116,849        5,667,177   

Amsurg Corp. (a)

    93,149        4,662,108   

IPC The Hospitalist Co., Inc. (a) (b)

    84,032        3,763,793   

Magellan Health, Inc. (a)

    70,170        3,840,404   

Team Health Holdings, Inc. (a)

    108,165        6,272,488   
   

 

 

 
      24,205,970   
   

 

 

 

Health Care Technology—0.9%

  

HMS Holdings Corp. (a) (b)

    194,497        3,666,268   
   

 

 

 

Hotels, Restaurants & Leisure—3.0%

  

Multimedia Games Holding Co., Inc. (a)

    93,312        3,360,165   

Popeyes Louisiana Kitchen, Inc. (a)

    102,240        4,140,720   

Vail Resorts, Inc.

    58,898        5,109,991   
   

 

 

 
      12,610,876   
   

 

 

 

 

MSF-63


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet & Catalog Retail—1.1%

  

HomeAway, Inc. (a)

    124,560      $ 4,421,880   
   

 

 

 

Internet Software & Services—5.3%

  

comScore, Inc. (a)

    102,818        3,743,603   

CoStar Group, Inc. (a)

    19,208        2,987,612   

Dealertrack Technologies, Inc. (a) (b)

    109,328        4,745,929   

Envestnet, Inc. (a)

    98,479        4,431,555   

Everyday Health, Inc. (a) (b)

    205,720        2,873,909   

Shutterstock, Inc. (a) (b)

    51,106        3,647,946   
   

 

 

 
      22,430,554   
   

 

 

 

IT Services—3.1%

  

Cardtronics, Inc. (a)

    111,303        3,917,865   

Euronet Worldwide, Inc. (a)

    83,491        3,990,035   

InterXion Holding NV (a)

    191,169        5,293,470   
   

 

 

 
      13,201,370   
   

 

 

 

Life Sciences Tools & Services—0.8%

  

Cambrex Corp. (a)

    174,473        3,259,156   
   

 

 

 

Machinery—3.2%

  

Manitowoc Co., Inc. (The)

    133,706        3,135,406   

Middleby Corp. (The) (a)

    47,805        4,213,054   

Proto Labs, Inc. (a)

    55,759        3,847,371   

RBC Bearings, Inc.

    42,384        2,403,173   
   

 

 

 
      13,599,004   
   

 

 

 

Oil, Gas & Consumable Fuels—3.6%

  

Diamondback Energy, Inc. (a)

    54,461        4,072,594   

Gulfport Energy Corp. (a)

    74,508        3,978,727   

Oasis Petroleum, Inc. (a)

    89,300        3,733,633   

Rosetta Resources, Inc. (a)

    75,699        3,373,147   
   

 

 

 
      15,158,101   
   

 

 

 

Pharmaceuticals—2.1%

  

Akorn, Inc. (a) (b)

    109,572        3,974,176   

Impax Laboratories, Inc. (a)

    91,553        2,170,722   

Pacira Pharmaceuticals, Inc. (a) (b)

    28,299        2,742,739   
   

 

 

 
      8,887,637   
   

 

 

 

Professional Services—5.3%

  

Advisory Board Co. (The) (a) (b)

    83,951        3,911,277   

Corporate Executive Board Co. (The)

    64,977        3,903,168   

Huron Consulting Group, Inc. (a)

    72,533        4,422,337   

On Assignment, Inc. (a)

    123,965        3,328,460   

TriNet Group, Inc. (a)

    103,390        2,662,293   

WageWorks, Inc. (a) (b)

    89,569        4,078,077   
   

 

 

 
      22,305,612   
   

 

 

 

Road & Rail—1.4%

  

Genesee & Wyoming, Inc. - Class A (a)

    62,577      5,964,214   
   

 

 

 

Semiconductors & Semiconductor Equipment—6.9%

  

Cavium, Inc. (a) (b)

    93,934        4,671,338   

Intersil Corp. - Class A

    287,538        4,085,915   

MKS Instruments, Inc.

    101,035        3,372,548   

Monolithic Power Systems, Inc.

    123,478        5,439,206   

Power Integrations, Inc.

    62,138        3,349,860   

Semtech Corp. (a)

    148,476        4,031,123   

Silicon Laboratories, Inc. (a)

    98,533        4,004,381   
   

 

 

 
      28,954,371   
   

 

 

 

Software—6.7%

  

Aspen Technology, Inc. (a)

    142,416        5,371,932   

FleetMatics Group plc (a) (b)

    125,561        3,829,610   

Guidewire Software, Inc. (a) (b)

    135,517        6,008,824   

NetScout Systems, Inc. (a)

    94,999        4,350,954   

Proofpoint, Inc. (a) (b)

    98,770        3,668,318   

Ultimate Software Group, Inc. (The) (a) (b)

    35,279        4,992,331   
   

 

 

 
      28,221,969   
   

 

 

 

Specialty Retail—1.5%

  

Asbury Automotive Group, Inc. (a)

    46,295        2,982,324   

Restoration Hardware Holdings, Inc. (a) (b)

    41,231        3,279,926   
   

 

 

 
      6,262,250   
   

 

 

 

Textiles, Apparel & Luxury Goods—3.8%

  

Deckers Outdoor Corp. (a) (b)

    51,891        5,042,767   

Oxford Industries, Inc.

    73,685        4,494,048   

Tumi Holdings, Inc. (a) (b)

    182,836        3,720,713   

Vince Holding Corp. (a)

    85,337        2,582,298   
   

 

 

 
      15,839,826   
   

 

 

 

Transportation Infrastructure—0.6%

  

Wesco Aircraft Holdings, Inc. (a)

    156,991        2,731,643   
   

 

 

 

Total Common Stocks
(Cost $338,661,813)

      408,362,405   
   

 

 

 
Short-Term Investments—28.5%   

Mutual Fund—26.0%

  

State Street Navigator Securities Lending MET Portfolio (c)

    108,957,395        108,957,395   
   

 

 

 

 

MSF-64


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreement—2.5%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $10,265,395 on 10/01/14, collateralized by $10,460,000 U.S. Treasury Note at 0.250% due 08/15/15 with a value of $10,473,075.

    10,265,395      $ 10,265,395   
   

 

 

 

Total Short-Term Investments
(Cost $119,222,790)

      119,222,790   
   

 

 

 

Total Investments—126.0%
(Cost $457,884,603) (d)

      527,585,195   

Other assets and liabilities
(net)—(26.0)%

      (108,726,230
   

 

 

 
Net Assets—100.0%     $ 418,858,965   
   

 

 

 
* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $104,742,529 and the collateral received consisted of cash in the amount of $108,957,395. 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, 2014, the aggregate cost of investments was $457,884,603. The aggregate unrealized appreciation and depreciation of investments were $83,828,161 and $(14,127,569), respectively, resulting in net unrealized appreciation of $69,700,592.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 408,362,405       $ —        $ —         $ 408,362,405   
Short-Term Investments           

Mutual Fund

     108,957,395         —          —           108,957,395   

Repurchase Agreement

     —           10,265,395        —           10,265,395   

Total Short-Term Investments

     108,957,395         10,265,395        —           119,222,790   

Total Investments

   $ 517,319,800       $ 10,265,395      $ —         $ 527,585,195   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (108,957,395   $ —         $ (108,957,395

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-65


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—92.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.8%

  

L-3 Communications Holdings, Inc.

    134,485      $ 15,992,956   

Rockwell Collins, Inc.

    287,371        22,558,624   
   

 

 

 
      38,551,580   
   

 

 

 

Banks—1.2%

   

M&T Bank Corp. (a)

    137,869        16,997,869   
   

 

 

 

Capital Markets—1.0%

   

Northern Trust Corp.

    206,536        14,050,644   
   

 

 

 

Commercial Services & Supplies—1.2%

  

Republic Services, Inc.

    442,573        17,269,198   
   

 

 

 

Construction & Engineering—1.7%

   

Jacobs Engineering Group, Inc. (b)

    491,721        24,005,819   
   

 

 

 

Diversified Consumer Services—2.0%

   

H&R Block, Inc.

    891,813        27,655,121   
   

 

 

 

Diversified Financial Services—1.6%

   

Intercontinental Exchange, Inc.

    113,885        22,213,269   
   

 

 

 

Electric Utilities—3.9%

   

Edison International

    595,625        33,307,350   

Xcel Energy, Inc. (a)

    700,727        21,302,101   
   

 

 

 
      54,609,451   
   

 

 

 

Electrical Equipment—1.6%

   

Hubbell, Inc. - Class B

    185,586        22,368,681   
   

 

 

 

Electronic Equipment, Instruments & Components—7.9%

  

Arrow Electronics, Inc. (b)

    667,527        36,947,619   

Avnet, Inc.

    877,063        36,398,115   

FLIR Systems, Inc.

    1,001,298        31,380,679   

Ingram Micro, Inc. - Class A (b)

    183,289        4,730,689   
   

 

 

 
      109,457,102   
   

 

 

 

Energy Equipment & Services—4.4%

   

Ensco plc - Class A (a)

    741,018        30,611,454   

McDermott International, Inc. (a) (b)

    1,683,955        9,632,223   

Patterson-UTI Energy, Inc.

    647,493        21,062,947   
   

 

 

 
      61,306,624   
   

 

 

 

Food & Staples Retailing—3.2%

   

Kroger Co. (The)

    865,096        44,984,992   
   

 

 

 

Health Care Providers & Services—3.2%

  

Cigna Corp.

    485,091        43,992,903   
   

 

 

 

Insurance—15.3%

   

Alleghany Corp. (b)

    84,451        35,313,186   

Allied World Assurance Co. Holdings AG

    527,841        19,445,662   

Allstate Corp. (The)

    595,692        36,557,618   

Aon plc

    309,988        27,176,648   

Arch Capital Group, Ltd. (b)

    482,540        26,404,589   

Loews Corp.

    497,407        20,721,975   

Insurance—(Continued)

   

Progressive Corp. (The)

    941,431      23,799,376   

Torchmark Corp.

    462,357        24,213,636   
   

 

 

 
      213,632,690   
   

 

 

 

Internet & Catalog Retail—1.6%

   

Liberty Interactive Corp. - Class A (b)

    760,245        21,682,187   
   

 

 

 

Internet Software & Services—1.6%

  

IAC/InterActiveCorp

    330,983        21,811,780   
   

 

 

 

IT Services—3.9%

   

NeuStar, Inc. - Class A (a) (b)

    447,207        11,104,150   

Teradata Corp. (a) (b)

    624,543        26,180,842   

Western Union Co. (The) (a)

    1,056,050        16,939,042   
   

 

 

 
      54,224,034   
   

 

 

 

Leisure Products—1.6%

   

Mattel, Inc.

    706,310        21,648,402   
   

 

 

 

Machinery—2.5%

   

Joy Global, Inc. (a)

    348,672        19,016,571   

Kennametal, Inc.

    392,192        16,201,451   
   

 

 

 
      35,218,022   
   

 

 

 

Media—3.4%

   

Gannett Co., Inc.

    763,728        22,659,810   

Omnicom Group, Inc.

    354,722        24,426,157   
   

 

 

 
      47,085,967   
   

 

 

 

Metals & Mining—1.0%

   

Kinross Gold Corp. (b)

    4,356,181        14,375,397   
   

 

 

 

Multi-Utilities—1.0%

   

SCANA Corp. (a)

    276,687        13,726,442   
   

 

 

 

Multiline Retail—1.6%

   

Nordstrom, Inc.

    330,538        22,598,883   
   

 

 

 

Oil, Gas & Consumable Fuels—6.0%

   

Denbury Resources, Inc. (a)

    1,758,859        26,435,651   

Hess Corp.

    113,139        10,671,270   

SM Energy Co.

    357,222        27,863,316   

Southwestern Energy Co. (b)

    551,210        19,264,790   
   

 

 

 
      84,235,027   
   

 

 

 

Professional Services—2.1%

  

Manpowergroup, Inc.

    289,508        20,294,511   

Towers Watson & Co. - Class A

    89,406        8,895,897   
   

 

 

 
      29,190,408   
   

 

 

 

Real Estate Investment Trusts—2.6%

  

American Capital Agency Corp.

    911,830        19,376,387   

Hatteras Financial Corp.

    968,231        17,389,429   
   

 

 

 
      36,765,816   
   

 

 

 

 

MSF-66


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Road & Rail—0.7%

  

Ryder System, Inc.

    114,135      $ 10,268,726   
   

 

 

 

Semiconductors & Semiconductor Equipment—7.0%

  

Analog Devices, Inc.

    747,544        36,995,953   

KLA-Tencor Corp.

    374,172        29,477,270   

Lam Research Corp.

    419,273        31,319,693   
   

 

 

 
      97,792,916   
   

 

 

 

Software—1.1%

  

Synopsys, Inc. (b)

    368,087        14,611,213   
   

 

 

 

Specialty Retail—1.9%

  

Bed Bath & Beyond, Inc. (a) (b)

    412,289        27,140,985   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.1%

  

Lexmark International, Inc. - Class A (a)

    47,606        2,023,255   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.4%

  

Coach, Inc.

    539,208        19,201,197   
   

 

 

 

Total Common Stocks
(Cost $969,362,716)

      1,284,696,600   
   

 

 

 
Short-Term Investments—20.2%   

Mutual Fund—12.1%

  

State Street Navigator Securities Lending MET Portfolio (c)

    168,007,954        168,007,954   
   

 

 

 

Repurchase Agreement—8.1%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $112,841,035 on 10/01/14, collateralized by $115,100,000 Federal National Mortgage Association at 0.000% due 01/05/15 with a value of $115,100,000.

    112,841,035      112,841,035   
   

 

 

 

Total Short-Term Investments
(Cost $280,848,989)

      280,848,989   
   

 

 

 

Total Investments—112.3%
(Cost $1,250,211,705) (d)

      1,565,545,589   

Other assets and liabilities (net)—(12.3)%

      (171,292,537
   

 

 

 
Net Assets—100.0%     $ 1,394,253,052   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $162,090,815 and the collateral received consisted of cash in the amount of $168,007,954. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2014, the aggregate cost of investments was $1,250,211,705. The aggregate unrealized appreciation and depreciation of investments were $374,470,747 and $(59,136,863), respectively, resulting in net unrealized appreciation of $315,333,884.

 

MSF-67


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,284,696,600       $ —        $ —         $ 1,284,696,600   
Short-Term Investments           

Mutual Fund

     168,007,954         —          —           168,007,954   

Repurchase Agreement

     —           112,841,035        —           112,841,035   

Total Short-Term Investments

     168,007,954         112,841,035        —           280,848,989   

Total Investments

   $ 1,452,704,554       $ 112,841,035      $ —         $ 1,565,545,589   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (168,007,954   $ —         $ (168,007,954

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-68


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—99.2% of Net Assets

 

Security Description   Shares     Value  

Australia—5.5%

  

Acrux, Ltd.

    17,141      $ 22,958   

Adelaide Brighton, Ltd.

    146,807        411,611   

Aditya Birla Minerals, Ltd. (a)

    49,372        10,754   

AED Oil, Ltd. (a) (b) (c)

    93,946        0   

Ainsworth Game Technology, Ltd.

    30,367        80,343   

AJ Lucas Group, Ltd. (a)

    34,363        21,609   

Alcyone Resources, Ltd. (a) (b) (c)

    101,457        67   

Alkane Resources, Ltd. (a)

    120,355        21,640   

Alliance Resources, Ltd. (a)

    81,385        13,890   

ALS, Ltd.

    4,235        19,403   

Altium, Ltd.

    6,736        17,632   

Altona Mining, Ltd. (a)

    67,875        13,076   

AMA Group, Ltd.

    90,664        25,408   

Amalgamated Holdings, Ltd.

    32,994        275,708   

Amcom Telecommunications, Ltd.

    112,720        187,990   

Ansell, Ltd.

    3,595        61,130   

Antares Energy, Ltd. (a)

    111,036        50,344   

AP Eagers, Ltd.

    223        1,081   

APN News & Media, Ltd. (a)

    374,048        268,402   

Aquarius Platinum, Ltd. (a)

    119,520        35,582   

ARB Corp., Ltd.

    20,213        220,886   

Aristocrat Leisure, Ltd.

    80,194        408,257   

Arrium, Ltd. (d)

    972,288        308,190   

ASG Group, Ltd. (a)

    59,850        35,585   

Atlantic, Ltd. (a) (b) (c)

    22,059        1,268   

Atlas Iron, Ltd. (d)

    250,116        91,488   

Ausdrill, Ltd.

    110,321        86,616   

Ausenco, Ltd. (a)

    72,770        32,403   

Austal, Ltd. (a)

    66,437        75,482   

Austbrokers Holdings, Ltd.

    18,352        162,226   

Austin Engineering, Ltd.

    26,257        26,798   

Australian Agricultural Co., Ltd. (a)

    192,359        222,422   

Australian Pharmaceutical Industries, Ltd.

    174,311        102,848   

Automotive Holdings Group, Ltd.

    79,876        262,687   

Aveo Group

    24,036        44,564   

AVJennings, Ltd.

    10,332        5,640   

AWE, Ltd. (a)

    335,940        540,135   

Bandanna Energy, Ltd. (a) (b) (c) (d)

    179,193        13,179   

BC Iron, Ltd. (d)

    43,288        60,963   

Beach Energy, Ltd.

    676,773        835,735   

Beadell Resources, Ltd. (a)

    102,327        36,040   

Bega Cheese, Ltd.

    26,583        116,775   

Bentham IMF, Ltd.

    49,173        89,046   

Berkeley Resources, Ltd. (a)

    25,720        6,463   

Billabong International, Ltd. (a) (d)

    280,601        171,825   

Blackmores, Ltd.

    5,346        150,885   

Boart Longyear, Ltd. (a) (d)

    232,690        36,738   

Boom Logistics, Ltd. (a)

    73,674        10,322   

Bradken, Ltd.

    48,239        179,216   

Breville Group, Ltd. (d)

    42,911        263,040   

Brickworks, Ltd.

    4,295        50,560   

BT Investment Management, Ltd.

    17,959        96,598   

Buru Energy, Ltd. (a) (d)

    23,457        15,239   

Cabcharge Australia, Ltd. (d)

    55,813        266,196   

Cape Lambert Resources, Ltd.

    97,229        7,840   

Capral, Ltd. (a)

    136,176        14,897   

Cardno, Ltd. (d)

    49,102        257,943   

Australia—(Continued)

  

Carnarvon Petroleum, Ltd. (a)

    251,902      50,620   

carsales.com, Ltd. (d)

    60,597        520,667   

Cash Converters International, Ltd. (d)

    117,571        111,222   

Cedar Woods Properties, Ltd.

    23,396        150,766   

Chandler Macleod Group, Ltd.

    16,111        5,384   

Coal of Africa, Ltd. (a)

    133,534        6,430   

Coalspur Mines, Ltd. (a) (d)

    94,441        3,544   

Cockatoo Coal, Ltd. (a)

    674,454        11,806   

Coffey International, Ltd. (a)

    63,637        16,990   

Collection House, Ltd.

    19,217        34,804   

Collins Foods, Ltd.

    4,975        9,937   

Comet Ridge, Ltd. (a)

    6,288        796   

Cooper Energy, Ltd. (a)

    123,859        49,357   

Corporate Travel Management, Ltd.

    15,390        98,334   

Coventry Group, Ltd.

    2,905        6,869   

Credit Corp. Group, Ltd.

    13,415        113,842   

Crowe Horwath Australasia, Ltd. (a)

    93,561        32,807   

CSG, Ltd.

    62,174        68,516   

CSR, Ltd.

    282,278        821,599   

Cudeco, Ltd. (a) (d)

    51,210        69,639   

Cue Energy Resources, Ltd. (a)

    171,183        16,464   

Data #3, Ltd.

    55,471        36,731   

Decmil Group, Ltd.

    56,744        88,294   

Domino’s Pizza Enterprises, Ltd.

    23,137        528,573   

Downer EDI, Ltd.

    238,347        917,386   

Drillsearch Energy, Ltd. (a)

    218,929        247,437   

DuluxGroup, Ltd.

    123,050        597,158   

DWS, Ltd.

    36,847        35,620   

Echo Entertainment Group, Ltd.

    45,092        129,295   

Elemental Minerals, Ltd. (a)

    26,469        4,174   

Emeco Holdings, Ltd. (a)

    314,914        57,913   

Empire Oil & Gas NL (a)

    591,457        3,653   

Energy Resources of Australia, Ltd. (a)

    51,910        56,751   

Energy World Corp., Ltd. (a)

    325,379        101,101   

Equatorial Resources, Ltd. (a)

    18,658        4,663   

Equity Trustees, Ltd.

    2,137        35,743   

ERM Power, Ltd.

    37,829        55,333   

eServGlobal, Ltd. (a)

    43,068        21,126   

Ethane Pipeline Income Fund

    3,869        4,023   

Euroz, Ltd.

    23,559        24,918   

Evolution Mining, Ltd. (d)

    113,688        68,700   

Fairfax Media, Ltd.

    944,011        638,766   

Fantastic Holdings, Ltd.

    1,151        1,704   

FAR, Ltd. (a)

    882,955        63,981   

Finbar Group, Ltd.

    6,909        8,404   

Fleetwood Corp., Ltd. (d)

    22,683        34,722   

FlexiGroup, Ltd.

    40,135        117,852   

Flinders Mines, Ltd. (a)

    606,380        12,772   

Focus Minerals, Ltd. (a)

    1,919,942        21,863   

Funtastic, Ltd.

    88,662        5,048   

G8 Education, Ltd. (d)

    64,714        289,483   

Galaxy Resources, Ltd. (a)

    75,661        3,182   

Geodynamics, Ltd. (a)

    82,317        3,170   

Gindalbie Metals, Ltd. (a)

    346,087        10,010   

Global Construction Services, Ltd. (a)

    9,380        3,824   

Goodman Fielder, Ltd.

    694,503        379,986   

GrainCorp, Ltd. - Class A

    55,648        415,631   

 

MSF-69


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

  

Grange Resources, Ltd.

    120,000      $ 12,621   

Greencross, Ltd. (d)

    9,967        85,228   

Greenland Minerals & Energy, Ltd. (a)

    69,811        6,731   

Gryphon Minerals, Ltd. (a)

    118,469        13,988   

GUD Holdings, Ltd. (d)

    27,524        162,399   

Gunns, Ltd. (a) (b) (c) (d)

    309,759        0   

GWA Group, Ltd. (d)

    104,110        233,007   

Hansen Technologies, Ltd.

    17,614        23,483   

HFA Holdings, Ltd.

    45,623        56,374   

Highlands Pacific, Ltd. (a)

    173,904        8,058   

Hillgrove Resources, Ltd. (a)

    25,884        13,996   

Hills, Ltd.

    80,453        93,265   

Horizon Oil, Ltd. (a) (d)

    652,736        171,825   

Icon Energy, Ltd. (a)

    157,110        20,637   

IDM International, Ltd. (a) (b) (c)

    49,237        0   

iiNET, Ltd.

    65,072        462,075   

Imdex, Ltd.

    77,362        47,406   

Independence Group NL

    89,362        316,545   

Indophil Resources NL (a)

    149,398        37,925   

Infigen Energy, Ltd. (a) (d)

    282,132        64,068   

Infomedia, Ltd.

    67,545        68,027   

Integrated Research, Ltd.

    28,972        25,366   

International Ferro Metals, Ltd. (a)

    82,765        9,895   

Intrepid Mines, Ltd. (a)

    177,715        43,452   

Invocare, Ltd.

    38,500        368,186   

IOOF Holdings, Ltd.

    74,630        556,855   

Iress, Ltd.

    40,028        347,476   

Iron Ore Holdings, Ltd. (a)

    17,526        11,938   

iSelect, Ltd. (a)

    46,213        57,311   

JB Hi-Fi, Ltd. (d)

    51,555        694,301   

Jumbo Interactive, Ltd.

    17,427        18,618   

Jupiter Mines, Ltd. (a) (b) (c)

    63,164        11,614   

K&S Corp., Ltd.

    1,802        2,303   

Karoon Gas Australia, Ltd. (a) (d)

    75,600        229,458   

Kingsgate Consolidated, Ltd. (a) (d)

    74,801        46,827   

Kingsrose Mining, Ltd. (a)

    83,494        28,795   

Liquefied Natural Gas, Ltd. (a) (d)

    11,253        40,677   

Lycopodium, Ltd.

    6,953        12,703   

M2 Group, Ltd. (d)

    56,090        372,473   

MACA, Ltd.

    56,351        73,620   

Macmahon Holdings, Ltd. (a)

    380,170        34,874   

Macquarie Atlas Roads Group

    101,440        254,815   

Macquarie Telecom Group, Ltd.

    3,983        18,504   

Magellan Financial Group, Ltd.

    13,439        147,742   

Matrix Composites & Engineering, Ltd. (a)

    14,874        12,497   

Maverick Drilling & Exploration, Ltd. (a)

    41,036        7,882   

MaxiTRANS Industries, Ltd.

    59,013        44,647   

Mayne Pharma Group, Ltd. (a)

    129,645        86,075   

McMillan Shakespeare, Ltd.

    18,571        167,611   

McPherson’s, Ltd.

    34,460        41,008   

Medusa Mining, Ltd. (a)

    60,972        44,284   

Melbourne IT, Ltd.

    36,135        43,740   

Mermaid Marine Australia, Ltd. (d)

    100,235        168,899   

Metals X, Ltd. (a)

    199,551        39,032   

Metcash, Ltd. (d)

    315,890        724,719   

Metgasco, Ltd. (a)

    117,719        5,247   

Mincor Resources NL

    105,687        52,784   

Australia—(Continued)

  

Mineral Deposits, Ltd. (a)

    45,217      55,494   

Mineral Resources, Ltd. (d)

    41,091        313,216   

Monadelphous Group, Ltd. (d)

    33,774        376,003   

Morning Star Gold NL (a) (b) (c)

    33,455        615   

Mortgage Choice, Ltd.

    48,689        107,785   

Mount Gibson Iron, Ltd.

    439,215        208,559   

Myer Holdings, Ltd. (d)

    180,507        309,789   

MyState, Ltd.

    3,899        15,424   

Nanosonics, Ltd. (a)

    39,800        34,391   

Navitas, Ltd.

    96,272        419,882   

Newsat, Ltd. (a) (d)

    113,333        19,824   

Nexus Energy, Ltd. (a) (b) (c)

    625,142        7,115   

NIB Holdings, Ltd.

    238,467        606,538   

Nick Scali, Ltd.

    16,348        41,989   

Nido Petroleum, Ltd. (a)

    522,236        25,197   

Noble Mineral Resources, Ltd. (a) (b) (c)

    83,737        0   

Northern Iron, Ltd. (a)

    90,404        6,886   

Northern Star Resources, Ltd.

    200,853        217,781   

NRW Holdings, Ltd.

    94,219        71,002   

Nufarm, Ltd.

    57,978        249,074   

Oakton, Ltd.

    31,814        52,258   

Orocobre, Ltd. (a) (d)

    38,552        93,084   

OrotonGroup, Ltd.

    8,647        32,570   

Otto Energy, Ltd. (a)

    308,140        24,558   

OZ Minerals, Ltd. (d)

    116,754        395,246   

Pacific Brands, Ltd. (d)

    369,147        156,728   

Paladin Energy, Ltd. (a) (d)

    339,204        111,815   

Pan Pacific Petroleum NL (a)

    55,564        2,720   

PanAust, Ltd.

    144,580        246,226   

Panoramic Resources, Ltd.

    146,618        84,030   

PaperlinX, Ltd. (a)

    340,846        14,972   

Patties Foods, Ltd.

    16,945        18,691   

Peet, Ltd.

    81,397        84,698   

Peninsula Energy, Ltd. (a)

    454,116        9,678   

Perpetual, Ltd.

    19,830        762,825   

Perseus Mining, Ltd. (a) (d)

    185,112        53,683   

Phosphagenics, Ltd. (a)

    345,965        26,976   

Platinum Australia, Ltd. (a) (b) (c)

    116,796        614   

Pluton Resources, Ltd. (a) (b) (c)

    48,332        525   

PMP, Ltd. (a)

    158,703        66,483   

Premier Investments, Ltd.

    44,992        403,536   

Primary Health Care, Ltd. (d)

    191,058        729,697   

Prime Media Group, Ltd.

    76,858        61,857   

Programmed Maintenance Services, Ltd.

    50,859        122,763   

Qube Holdings, Ltd.

    111,143        242,542   

RCG Corp., Ltd.

    51,116        26,831   

RCR Tomlinson, Ltd.

    46,454        130,270   

Reckon, Ltd. (d)

    36,898        64,675   

Redflex Holdings, Ltd.

    19,984        19,435   

Regional Express Holdings, Ltd. (a)

    9,952        7,892   

Regis Resources, Ltd. (d)

    83,844        113,645   

Reject Shop, Ltd. (The) (d)

    12,421        97,574   

Resolute Mining, Ltd. (a)

    248,330        96,109   

Resource Generation, Ltd. (a)

    58,515        7,180   

Retail Food Group, Ltd.

    43,111        186,233   

Rex Minerals, Ltd. (a)

    42,465        9,625   

Ridley Corp., Ltd.

    123,003        93,695   

 

MSF-70


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

  

Roc Oil Co., Ltd. (a)

    388,473      $ 232,929   

RungePincockMinarco, Ltd. (a)

    4,190        2,423   

Ruralco Holdings, Ltd.

    7,095        21,192   

SAI Global, Ltd.

    62,244        220,213   

Salmat, Ltd.

    45,807        62,257   

Samson Oil & Gas, Ltd. (a)

    581,639        9,639   

Sandfire Resources NL

    35,890        182,599   

Saracen Mineral Holdings, Ltd. (a)

    318,233        99,637   

Sedgman, Ltd. (d)

    48,829        25,624   

Select Harvests, Ltd. (d)

    17,223        93,489   

Senex Energy, Ltd. (a)

    248,220        119,638   

Servcorp, Ltd.

    25,111        114,703   

Service Stream, Ltd. (a)

    67,295        10,631   

Seven West Media, Ltd. (d)

    84,939        119,468   

Sigma Pharmaceuticals, Ltd.

    621,692        428,038   

Silex Systems, Ltd. (a)

    28,112        16,759   

Silver Chef, Ltd.

    6,956        36,547   

Silver Lake Resources, Ltd. (a) (d)

    112,092        37,944   

Sims Metal Management, Ltd. (a) (d)

    81,094        792,278   

Sirtex Medical, Ltd.

    20,982        403,850   

Skilled Group, Ltd.

    68,029        133,627   

Slater & Gordon, Ltd.

    29,921        160,018   

SMS Management & Technology, Ltd. (d)

    29,784        97,514   

Southern Cross Electrical Engineering, Ltd.

    22,440        10,248   

Southern Cross Media Group, Ltd.

    197,813        171,704   

Spark Infrastructure Group

    522,720        840,601   

Specialty Fashion Group, Ltd.

    34,701        26,863   

St. Barbara, Ltd. (a) (d)

    192,892        27,713   

Starpharma Holdings, Ltd. (a) (d)

    81,789        46,386   

Strike Energy, Ltd. (a)

    182,555        15,927   

STW Communications Group, Ltd.

    131,014        137,717   

Sundance Energy Australia, Ltd. (a)

    177,630        189,379   

Sundance Resources, Ltd. (a) (d)

    819,104        47,223   

Sunland Group, Ltd.

    40,150        63,799   

Super Retail Group, Ltd. (d)

    69,714        505,518   

Swick Mining Services, Ltd.

    56,563        13,601   

TABCORP Holdings, Ltd.

    110,080        347,397   

Tap Oil, Ltd. (a)

    83,681        45,683   

Tassal Group, Ltd.

    66,700        214,768   

Technology One, Ltd. (d)

    85,252        237,335   

Ten Network Holdings, Ltd. (a) (d)

    750,180        157,770   

TFS Corp., Ltd.

    78,407        128,144   

Thorn Group, Ltd.

    56,537        121,227   

Tiger Resources, Ltd. (a)

    409,321        89,325   

Toro Energy, Ltd. (a)

    75,052        6,417   

Tox Free Solutions, Ltd.

    67,596        157,324   

Transfield Services, Ltd. (a)

    168,805        218,230   

Transpacific Industries Group, Ltd.

    525,544        374,643   

Treasury Group, Ltd.

    3,740        32,540   

Troy Resources, Ltd. (a)

    47,537        31,005   

UGL, Ltd. (a)

    29,320        155,931   

UXC, Ltd.

    122,634        98,278   

Villa World, Ltd.

    12,858        21,926   

Village Roadshow, Ltd.

    32,709        201,765   

Virgin Australia Holdings, Ltd. (a)

    752,045        250,127   

Virgin Australia International Holding, Ltd. (a) (b) (c)

    968,773        1   

Australia—(Continued)

  

Vision Eye Institute, Ltd.

    37,056      20,754   

Vita Group, Ltd.

    18,112        17,679   

Vocus Communications, Ltd.

    28,409        138,196   

Watpac, Ltd.

    37,999        30,537   

WDS, Ltd.

    55,558        38,922   

Webjet, Ltd. (d)

    22,295        58,767   

Western Areas, Ltd.

    104,247        393,051   

Western Desert Resources, Ltd. (a) (c)

    64,456        8,183   

Wide Bay Australia, Ltd.

    9,275        44,262   

Wotif.com Holdings, Ltd. (d)

    48,387        131,341   
   

 

 

 
      37,846,619   
   

 

 

 

Austria—1.0%

  

A-TEC Industries AG (a) (b) (c) (d)

    1,749        0   

Agrana Beteiligungs AG (d)

    1,574        159,005   

AMS AG

    29,130        1,106,999   

Austria Technologie & Systemtechnik AG

    8,022        92,584   

CA Immobilien Anlagen AG (a)

    22,098        439,942   

CAT Oil AG

    6,549        124,533   

Conwert Immobilien Invest SE (a)

    6,371        72,399   

DO & Co. AG

    1,269        82,648   

EVN AG

    10,637        135,994   

Flughafen Wien AG

    6,864        573,040   

Frauenthal Holding AG

    270        3,562   

Kapsch TrafficCom AG (a)

    2,222        64,377   

Lenzing AG (d)

    2,817        173,879   

Mayr Melnhof Karton AG

    3,412        361,956   

Oberbank AG

    174        11,033   

Oesterreichische Post AG

    10,288        493,407   

Palfinger AG

    5,947        187,444   

POLYTEC Holding AG

    10,783        86,765   

RHI AG

    6,522        179,800   

Rosenbauer International AG

    1,972        174,286   

S IMMO AG (a)

    35,979        279,849   

Schoeller-Bleckmann Oilfield Equipment AG

    3,509        342,368   

Semperit AG Holding

    6,630        305,913   

Strabag SE

    6,827        160,936   

Uniqa Insurance Group AG

    11,945        136,479   

Wienerberger AG (d)

    39,101        503,709   

Zumtobel Group AG

    19,568        364,923   
   

 

 

 
      6,617,830   
   

 

 

 

Belgium—1.3%

   

Ablynx NV (a)

    15,614        165,468   

Ackermans & van Haaren NV (d)

    8,515        1,051,155   

AGFA-Gevaert NV (a)

    125,762        331,582   

Arseus NV

    13,446        649,024   

Atenor Group

    1,048        48,798   

Banque Nationale de Belgique

    104        449,241   

Barco NV (d)

    5,073        366,096   

Cie d’Entreprises CFE

    5,563        571,939   

Cie Immobiliere de Belgique S.A.

    1,054        58,012   

Cie Maritime Belge S.A.

    6,424        133,723   

D’ieteren S.A. (d)

    7,905        306,898   

Deceuninck NV

    49,164        141,391   

Econocom Group (d)

    22,022        198,833   

 

MSF-71


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Belgium—(Continued)

   

Elia System Operator S.A.

    7,423      $ 355,997   

Euronav NV (a)

    12,873        145,054   

EVS Broadcast Equipment S.A. (d)

    4,761        165,478   

Exmar NV

    10,339        158,792   

Galapagos NV (a)

    16,401        248,169   

Gimv NV

    250        11,820   

Hamon & CIE S.A. (a)

    300        3,694   

Ion Beam Applications (a)

    11,487        201,334   

Jensen-Group NV

    738        14,250   

Kinepolis Group NV

    12,900        495,097   

Lotus Bakeries

    118        138,182   

Melexis NV

    13,858        631,603   

Mobistar S.A. (a)

    3,514        65,463   

NV Bekaert S.A. (d)

    10,260        341,067   

Nyrstar NV (a) (d)

    51,478        156,675   

Picanol (a)

    1,699        56,845   

RealDolmen NV (a)

    1,200        30,648   

Recticel S.A.

    13,561        105,063   

Rentabiliweb Group (a)

    1,352        11,933   

Resilux

    55        7,296   

RHJ International S.A. (a) (d)

    2,453        12,111   

Roularta Media Group NV (a)

    1,629        25,401   

Sioen Industries NV

    4,097        60,626   

Sipef S.A.

    3,346        221,867   

Tessenderlo Chemie NV (a)

    14,274        392,598   

ThromboGenics NV (a) (d)

    9,279        86,362   

Van de Velde NV

    3,377        164,047   

Viohalco S.A. (a)

    45,397        191,024   
   

 

 

 
      8,970,656   
   

 

 

 

Cambodia—0.0%

   

NagaCorp., Ltd.

    362,000        260,222   
   

 

 

 

Canada—9.5%

   

5N Plus, Inc. (a)

    33,732        88,852   

Aberdeen International, Inc. (a)

    9,500        1,230   

Absolute Software Corp.

    15,354        92,539   

Acadian Timber Corp.

    3,800        45,466   

Advantage Oil & Gas, Ltd. (a)

    117,131        595,094   

Aecon Group, Inc.

    40,222        544,817   

AG Growth International, Inc. (d)

    4,720        187,544   

AGF Management, Ltd. - Class B

    18,125        189,026   

AgJunction, Inc. (a)

    12,375        6,519   

Ainsworth Lumber Co., Ltd. (a) (d)

    57,353        138,780   

Air Canada - Class A (a)

    15,459        118,018   

AirBoss of America Corp.

    2,361        21,988   

Akita Drilling, Ltd. - Class A

    2,003        26,112   

Alacer Gold Corp.

    38,050        71,347   

Alamos Gold, Inc.

    31,532        251,423   

Alaris Royalty Corp. (d)

    6,854        189,779   

Algoma Central Corp.

    4,410        63,790   

Algonquin Power & Utilities Corp. (d)

    54,593        431,401   

Alliance Grain Traders, Inc. (d)

    6,101        156,944   

Alterra Power Corp. (a)

    150,766        41,059   

Altius Minerals Corp. (a) (d)

    9,660        104,453   

Altus Group, Ltd. (d)

    14,488        254,457   

Canada—(Continued)

   

Amerigo Resources, Ltd. (a)

    44,359      15,249   

Amica Mature Lifestyles, Inc.

    7,591        46,700   

Anderson Energy, Ltd. (a)

    46,999        12,170   

Andrew Peller, Ltd. - Class A

    1,139        14,848   

Antrim Energy, Inc. (a)

    58,587        3,923   

Argonaut Gold, Inc. (a)

    37,825        132,393   

Arsenal Energy, Inc.

    8,955        73,562   

Artek Exploration, Ltd. (a) (d)

    14,269        35,674   

Asanko Gold, Inc. (a)

    23,027        47,701   

Athabasca Oil Corp. (a) (d)

    3,614        18,490   

ATS Automation Tooling Systems, Inc. (a)

    39,833        461,301   

AuRico Gold, Inc.

    86,830        303,143   

AutoCanada, Inc.

    10,728        521,577   

Avalon Rare Metals, Inc. (a)

    28,205        9,444   

Avigilon Corp. (a)(d)

    4,281        71,366   

Axia NetMedia Corp.

    22,633        52,745   

B2Gold Corp. (a)

    148,473        302,262   

Badger Daylighting, Ltd. (d)

    18,762        467,731   

Ballard Power Systems, Inc. (a)

    51,805        166,524   

Bankers Petroleum, Ltd. (a)

    167,493        806,096   

Bellatrix Exploration, Ltd. (a)

    60,265        370,216   

Birchcliff Energy, Ltd. (a) (d)

    58,552        554,700   

Bird Construction, Inc. (d)

    6,812        86,066   

Black Diamond Group, Ltd. (d)

    19,812        421,378   

BlackPearl Resources, Inc. (a)

    117,817        220,917   

BMTC Group, Inc. - Class A

    5,387        74,556   

BNK Petroleum, Inc. (a) (d)

    29,567        24,552   

Bonterra Energy Corp. (d)

    5,412        274,043   

Boralex, Inc. - Class A

    6,802        79,806   

Brookfield Real Estate Services, Inc.

    800        9,915   

Brookfield Residential Properties, Inc. (a)

    8,385        157,600   

Brookfield Residential Properties, Inc. (U.S. Listed Shares) (a)

    723        13,657   

Calfrac Well Services, Ltd.

    22,354        346,902   

Calian Technologies, Ltd.

    2,846        47,393   

Calvalley Petroleums, Inc. - Class A

    19,422        22,544   

Canaccord Genuity Group, Inc.

    54,653        546,066   

Canacol Energy, Ltd. (a)

    32,061        150,865   

Canadian Energy Services & Technology Corp. (d)

    70,437        589,936   

Canadian Western Bank (d)

    10,887        383,006   

Canam Group, Inc.

    22,324        212,287   

CanElson Drilling, Inc.

    29,863        171,453   

Canexus Corp. (d)

    28,655        117,695   

Canfor Corp. (a)

    10,739        240,488   

Canfor Pulp Products, Inc.

    12,797        130,375   

CanWel Building Materials Group, Ltd.

    9,304        48,350   

Canyon Services Group, Inc.

    17,185        197,790   

Capital Power Corp. (d)

    43,408        1,036,800   

Capstone Infrastructure Corp. (d)

    33,717        124,939   

Capstone Mining Corp. (a)

    95,339        191,538   

Cascades, Inc.

    46,236        253,897   

Cathedral Energy Services, Ltd. (d)

    13,349        50,895   

CCL Industries, Inc. - Class B

    11,568        1,156,025   

Celestica, Inc. (a)

    69,230        701,603   

Celestica, Inc. (U.S. Listed Shares) (a)

    3,026        30,714   

Centerra Gold, Inc.

    19,963        89,481   

Cequence Energy, Ltd. (a)

    86,636        141,563   

 

MSF-72


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Cervus Equipment Corp.

    1,370      $ 23,120   

Chaparral Gold Corp. (a)

    15,698        7,429   

China Gold International Resources Corp., Ltd. (a)

    40,813        116,614   

Chinook Energy, Inc. (a)

    27,917        51,100   

Cineplex, Inc. (d)

    20,267        749,732   

Clairvest Group, Inc.

    200        4,431   

Clarke, Inc.

    2,830        24,764   

Clearwater Seafoods, Inc.

    1,500        13,996   

Cogeco Cable, Inc.

    5,082        259,693   

Cogeco, Inc.

    2,276        110,350   

Colabor Group, Inc.

    9,830        32,914   

COM DEV International, Ltd.

    27,875        88,358   

Computer Modelling Group, Ltd.

    20,720        215,350   

Connacher Oil and Gas, Ltd. (a)

    280,466        31,303   

Contrans Group, Inc. - Class A

    8,272        110,717   

Copper Mountain Mining Corp. (a) (d)

    57,011        123,190   

Corby Spirit and Wine, Ltd.

    8,057        148,198   

Corridor Resources, Inc. (a) (d)

    21,385        29,215   

Corus Entertainment, Inc. - B Shares (d)

    30,690        681,513   

Cott Corp.

    36,205        248,597   

Cott Corp.

    2,000        13,740   

Crew Energy, Inc. (a)

    69,029        609,578   

DeeThree Exploration, Ltd. (a)

    30,762        249,952   

Delphi Energy Corp. (a)

    95,850        306,391   

Denison Mines Corp. (a) (d)

    247,548        282,925   

Descartes Systems Group, Inc. (The) (U.S. Listed Shares) (a) (d)

    1,850        25,549   

Descartes Systems Group, Inc. (The) (a)

    32,686        449,744   

DH Corp. (d)

    26,867        793,332   

DHX Media, Ltd. (d)

    35,825        279,575   

DirectCash Payments, Inc. (d)

    4,274        61,670   

Dominion Diamond Corp. (a)

    21,380        303,724   

Dominion Diamond Corp. (U.S. Listed Shares) (a)

    9,238        131,549   

Dorel Industries, Inc. - Class B

    9,402        280,813   

DragonWave, Inc. (a) (d)

    18,544        22,519   

Duluth Metals, Ltd. (a)

    31,662        6,785   

Dundee Precious Metals, Inc. (a) (d)

    35,880        142,565   

Dynasty Metals & Mining, Inc. (a)

    8,618        9,003   

E-L Financial Corp., Ltd.

    112        69,103   

Eastern Platinum, Ltd. (a) (d)

    42,003        36,004   

easyhome, Ltd.

    2,000        40,555   

Eco Oro Minerals Corp. (a) (d)

    16,900        3,622   

EcoSynthetix, Inc. (a)

    800        1,071   

EGI Financial Holdings, Inc.

    900        10,286   

Enbridge Income Fund Holdings, Inc. (d)

    15,135        410,690   

Endeavour Mining Corp. (a)

    114,590        68,552   

Endeavour Silver Corp. (a)

    34,200        149,632   

Enerflex, Ltd.

    20,876        356,213   

Energy Fuels, Inc. (a) (d)

    4,125        27,624   

Enghouse Systems, Ltd.

    6,389        204,856   

Ensign Energy Services, Inc.

    4,200        55,165   

Entree Gold, Inc. (a)

    15,350        4,043   

Epsilon Energy, Ltd. (a)

    18,214        68,956   

Equitable Group, Inc.

    5,801        323,783   

Equity Financial Holdings, Inc. (a)

    1,100        8,967   

Essential Energy Services Trust (a) (d)

    46,426        101,561   

Evertz Technologies, Ltd.

    11,849        178,695   

Canada—(Continued)

   

Excellon Resources, Inc. (a)

    21,284      20,335   

Exchange Income Corp.

    4,876        83,984   

Exco Technologies, Ltd.

    13,332        120,827   

Exeter Resource Corp. (a)

    11,335        6,781   

EXFO, Inc. (a) (d)

    13,342        55,991   

Extendicare Inc. (d)

    28,556        209,590   

Fiera Capital Corp.

    3,100        35,984   

Firm Capital Mortgage Investment Corp. (d)

    2,307        25,543   

First Majestic Silver Corp. (a)

    27,960        217,948   

First National Financial Corp. (d)

    5,807        110,131   

FirstService Corp. (d)

    12,580        660,255   

Forsys Metals Corp. (a)

    25,356        5,886   

Fortress Paper, Ltd. - Class A (a) (d)

    7,338        14,677   

Fortuna Silver Mines, Inc. (a)

    44,505        179,618   

Fortune Bay Corp. (a) (d)

    9,092        2,395   

Fortune Minerals, Ltd. (a)

    11,100        2,180   

Gamehost, Inc.

    4,952        72,515   

Gasfrac Energy Services, Inc. (a) (d)

    6,993        7,493   

Genesis Land Development Corp.

    14,348        62,775   

Glacier Media, Inc.

    9,600        12,943   

GLENTEL, Inc.

    3,552        33,619   

Gluskin Sheff & Associates, Inc. (d)

    10,833        283,895   

GLV, Inc. - Class A (a)

    12,735        32,976   

GMP Capital, Inc.

    33,836        220,548   

Golden Star Resources, Ltd. (a) (d)

    142,170        58,394   

Gran Tierra Energy, Inc. (a)

    99,813        551,670   

Great Canadian Gaming Corp. (a)

    23,794        391,769   

Great Panther Silver, Ltd. (a)

    67,206        68,409   

Guyana Goldfields, Inc. (a)

    41,155        94,808   

Hanfeng Evergreen, Inc. (a) (b) (c)

    12,100        2,796   

Heroux-Devtek, Inc. (a)

    14,606        134,329   

High Liner Foods, Inc.

    4,200        78,866   

HNZ Group, Inc. (d)

    2,917        49,122   

Home Capital Group, Inc. (d)

    26,768        1,204,375   

Horizon North Logistics, Inc. (d)

    30,612        138,854   

HudBay Minerals, Inc.

    77,502        662,257   

Imax Corp. (a)

    21,074        578,620   

Imperial Metals Corp. (a)

    13,826        107,280   

Imris, Inc. (a)

    14,626        8,880   

Indigo Books & Music, Inc.

    1,986        20,748   

Innergex Renewable Energy, Inc. (d)

    34,491        322,752   

Interfor Corp. (a)

    35,592        513,247   

International Tower Hill Mines, Ltd. (a)

    21,604        9,645   

Intertape Polymer Group, Inc. (d)

    15,026        218,289   

Ithaca Energy, Inc. (a)

    94,516        177,225   

Ivanhoe Energy, Inc. (a) (d)

    6,366        10,288   

Ivernia, Inc. (a)

    71,989        7,071   

Just Energy Group, Inc. (d)

    71,937        334,008   

K-Bro Linen, Inc. (d)

    2,919        102,013   

Katanga Mining, Ltd. (a)

    26,500        9,583   

Kelt Exploration, Ltd. (a)

    16,500        176,794   

Killam Properties, Inc. (d)

    15,951        147,411   

Kingsway Financial Services, Inc. (a)

    8,765        55,097   

Kirkland Lake Gold, Inc. (a) (d)

    16,882        74,616   

Knight Therapeutics, Inc. (a)

    4,998        27,401   

Lake Shore Gold Corp. (a) (d)

    187,975        191,340   

Laurentian Bank of Canada (d)

    12,065        521,835   

 

MSF-73


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Legacy Oil + Gas, Inc. (a)

    55,624      $ 304,456   

Leisureworld Senior Care Corp. (d)

    11,076        132,621   

Leon’s Furniture, Ltd.

    9,639        126,173   

Leucrotta Exploration, Inc. (a)

    41,143        79,351   

Lightstream Resources, Ltd. (d)

    108,373        508,021   

Linamar Corp.

    4,197        216,605   

Liquor Stores N.A., Ltd. (d)

    8,760        105,125   

Long Run Exploration, Ltd. (d)

    45,123        180,903   

Lucara Diamond Corp.

    77,400        149,278   

MacDonald Dettwiler & Associates, Ltd.

    1,252        93,625   

Mainstreet Equity Corp. (a) (d)

    2,561        93,069   

Major Drilling Group International, Inc. (d)

    36,670        216,101   

Manitoba Telecom Services, Inc. (d)

    8,516        221,502   

Maple Leaf Foods, Inc. (d)

    55,470        946,994   

Martinrea International, Inc. (d)

    24,086        280,227   

Maxim Power Corp. (a)

    2,800        7,400   

McCoy Global, Inc.

    1,988        9,621   

McEwen Mining - Minera Andes Andes Acquisition Corp. (a)

    3,845        7,587   

Mediagrif Interactive Technologies, Inc. (d)

    4,176        70,846   

Medical Facilities Corp. (d)

    9,958        141,019   

Mega Uranium, Ltd. (a)

    53,800        9,848   

Melcor Developments, Ltd.

    2,181        45,491   

Migao Corp. (a)

    20,785        27,838   

Minco Silver Corp. (a)

    10,913        9,744   

Mitel Networks Corp. (a)

    16,243        148,514   

Mood Media Corp. (a)

    28,391        16,478   

Morneau Shepell, Inc. (d)

    14,885        213,981   

MTY Food Group, Inc.

    2,947        86,651   

Mullen Group, Ltd. (d)

    31,819        726,756   

Nautilus Minerals, Inc. (a)

    52,914        25,041   

Nevada Copper Corp. (a) (d)

    10,550        14,884   

Nevsun Resources, Ltd. (d)

    62,326        225,385   

New Flyer Industries, Inc. (d)

    13,132        153,370   

Newalta Corp.

    23,541        464,115   

Niko Resources, Ltd. (a) (d)

    15,963        11,118   

Norbord, Inc. (d)

    5,416        111,033   

North American Energy Partners, Inc.

    14,743        95,176   

North American Palladium, Ltd. (a)

    108,692        21,351   

North West Co., Inc. (The) (d)

    17,071        341,130   

Northern Dynasty Minerals, Ltd. (a) (d)

    27,464        15,694   

Northland Power, Inc. (d)

    30,179        466,179   

NuVista Energy, Ltd. (a)

    49,017        456,491   

OceanaGold Corp. (a)

    150,911        311,268   

Painted Pony Petroleum, Ltd. (a)

    11,768        131,871   

Pan American Silver Corp. (d)

    13,124        144,253   

Paramount Resources, Ltd. - Class A (a)

    21        1,203   

Parex Resources, Inc. (a)

    55,359        615,402   

Parkland Fuel Corp. (d)

    21,663        412,002   

Pason Systems, Inc.

    35,716        998,498   

Perpetual Energy, Inc. (a) (d)

    50,316        78,622   

Phoscan Chemical Corp. (a)

    28,500        7,253   

PHX Energy Services Corp. (d)

    8,650        105,967   

Pilot Gold, Inc. (a) (d)

    11,266        10,361   

Platinum Group Metals, Ltd. (a)

    32,084        28,361   

Points International, Ltd. (a)

    5,320        92,629   

Polymet Mining Corp. (a) (d)

    38,355        41,439   

Canada—(Continued)

   

Poseidon Concepts Corp. (a)

    17,540      26   

Premium Brands Holdings Corp. (d)

    5,579        122,644   

Primero Mining Corp. (a)

    70,253        341,871   

Progressive Waste Solutions, Ltd. (d)

    1,009        25,956   

Pulse Seismic, Inc.

    18,520        48,121   

Pure Technologies, Ltd.

    1,523        10,988   

QLT, Inc. (a)

    25,500        116,349   

Questerre Energy Corp. - Class A (a) (d)

    83,569        77,603   

RB Energy, Inc. (a) (d)

    76,741        10,621   

Reitmans Canada, Ltd.

    4,000        22,680   

Reitmans Canada, Ltd. - Class A (d)

    18,466        108,822   

Richelieu Hardware, Ltd.

    5,830        253,981   

Richmont Mines, Inc. (a)

    12,038        24,292   

Ritchie Bros Auctioneers, Inc. (d)

    47,401        1,062,761   

RMP Energy, Inc. (a)

    72,808        446,619   

Rock Energy, Inc. (a)

    10,987        69,260   

Rocky Mountain Dealerships, Inc. (d)

    3,738        36,080   

Rogers Sugar, Inc. (d)

    30,706        128,861   

RONA, Inc.

    58,689        714,780   

Rubicon Minerals Corp. (a)

    49,480        67,154   

Russel Metals, Inc.

    23,822        735,324   

Sabina Gold & Silver Corp. (a)

    45,006        22,102   

San Gold Corp. (a)

    84,387        7,535   

Sandstorm Gold, Ltd. (a) (d)

    37,000        158,579   

Sandvine Corp. (a) (d)

    90,000        222,599   

Savanna Energy Services Corp. (d)

    34,913        220,710   

Scorpio Mining Corp. (a)

    88,421        20,922   

Sears Canada, Inc.

    5,768        57,425   

Secure Energy Services, Inc.

    55,376        1,194,593   

SEMAFO, Inc. (a)

    123,983        436,174   

Serinus Energy, Inc. (a)

    1,398        2,696   

ShawCor, Ltd.

    16,891        852,129   

Sherritt International Corp. (d)

    132,332        366,292   

Shore Gold, Inc. (a)

    82,170        18,342   

Sierra Wireless, Inc. (a) (d)

    18,510        495,826   

Sierra Wireless, Inc. (U.S. Listed Shares) (a) (d)

    1,403        37,516   

Silver Standard Resources, Inc. (a) (d)

    37,551        229,004   

Solium Capital, Inc. (a)

    5,617        43,383   

SouthGobi Resources, Ltd. (a) (d)

    65,809        35,844   

Sprott Resource Corp. (a)

    40,405        100,295   

Sprott, Inc.

    40,527        102,769   

Spyglass Resources Corp. (d)

    38,341        47,244   

St Andrew Goldfields, Ltd. (a)

    87,850        21,571   

Stantec, Inc.

    5,708        373,483   

Stella-Jones, Inc.

    12,690        332,448   

Stornoway Diamond Corp. (a)

    33,687        18,047   

Strad Energy Services, Ltd. (d)

    10,641        47,222   

Stuart Olson, Inc.

    11,157        87,766   

Student Transportation, Inc. (d)

    20,944        131,280   

Sulliden Mining Capital, Inc. (a)

    6,870        3,067   

SunOpta, Inc. (a)

    27,492        332,374   

Superior Plus Corp. (d)

    45,949        578,901   

Surge Energy, Inc. (d)

    60,544        387,066   

TAG Oil, Ltd. (a) (d)

    22,471        34,711   

Taseko Mines, Ltd. (a) (d)

    108,786        184,556   

Tembec, Inc. (a) (d)

    32,111        92,037   

Teranga Gold Corp. (a) (d)

    64,711        43,335   

 

MSF-74


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

Teranga Gold Corp. (a)

    26,882      $ 17,467   

Tethys Petroleum, Ltd. (a)

    99,200        27,458   

Thompson Creek Metals Co., Inc. (a)

    107,292        236,628   

Timminco, Ltd. (a) (c)

    16,700        28   

Timmins Gold Corp. (a)

    48,198        60,681   

TORC Oil & Gas, Ltd. (d)

    24,524        280,725   

Toromont Industries, Ltd. (d)

    29,983        721,766   

Torstar Corp. - Class B (d)

    21,453        127,766   

Total Energy Services, Inc.

    10,398        193,114   

Transcontinental, Inc. - Class A (d)

    20,530        268,552   

TransForce, Inc. (d)

    24,864        600,093   

TransGlobe Energy Corp. (d)

    36,372        221,165   

Transition Therapeutics, Inc. (a)

    800        5,500   

Trican Well Service, Ltd.

    55,663        651,087   

Trinidad Drilling, Ltd. (d)

    41,200        308,646   

TSO3, Inc. (a)

    4,613        5,149   

Twin Butte Energy, Ltd. (d)

    80,345        116,936   

Uex Corp. (a)

    89,800        25,658   

Uni-Select, Inc.

    8,978        227,186   

Valener, Inc. (d)

    13,448        188,761   

Vecima Networks, Inc.

    2,500        18,751   

Veresen, Inc. (d)

    19,607        298,145   

Vicwest, Inc.

    5,400        53,038   

Wajax Corp. (d)

    5,527        188,765   

Wesdome Gold Mines, Ltd. (a)

    38,107        26,540   

Western Energy Services Corp. (d)

    17,973        143,309   

Western Forest Products, Inc.

    100,600        201,209   

WesternOne, Inc.

    8,200        54,840   

Westshore Terminals Investment Corp. (d)

    4,400        131,299   

Whistler Blackcomb Holdings, Inc.

    10,467        171,966   

Whitecap Resources, Inc. (d)

    46,861        670,728   

Wi-Lan, Inc. (d)

    43,319        156,265   

Winpak, Ltd.

    6,902        171,941   

WSP Global, Inc. (d)

    18,898        603,413   

Xtreme Drilling and Coil Services Corp. (a)

    11,600        41,327   

Yangarra Resources, Ltd. (a)

    5,900        16,068   

Yellow Media, Ltd. (a)

    800        10,822   

Zargon Oil & Gas, Ltd. (d)

    11,121        69,509   

ZCL Composites, Inc.

    9,681        54,545   

Zenith Epigenetics Corp. (a) (b) (c)

    12,830        928   
   

 

 

 
      64,829,936   
   

 

 

 

China—0.0%

   

China Chuanglian Education Group, Ltd. (a)

    336,000        12,306   

HanKore Environment Tech Group, Ltd. (a) (d)

    15,700        9,894   
   

 

 

 
      22,200   
   

 

 

 

Denmark—2.1%

   

ALK-Abello A/S

    1,476        178,181   

Alm Brand A/S (a)

    25,591        146,409   

Ambu A/S (d)

    2,661        191,886   

Auriga Industries A/S - Class B (a)

    7,154        370,930   

Bakkafrost P/F

    8,908        192,218   

Bang & Olufsen A/S (a) (d)

    9,221        89,183   

Bavarian Nordic A/S (a)

    14,671        282,532   

BoConcept Holding A/S - Class B (a)

    228        3,626   

Denmark—(Continued)

   

Brodrene Hartmann A/S

    52      1,527   

D/S Norden A/S (d)

    5,328        136,153   

DFDS A/S

    1,949        153,072   

FLSmidth & Co. A/S (d)

    11,738        559,061   

Genmab A/S (a)

    8,010        338,326   

GN Store Nord A/S

    70,478        1,551,251   

Greentech Energy Systems A/S (a)

    1,142        1,924   

Gronlandsbanken AB

    17        1,831   

Harboes Bryggeri A/S - Class B

    1,454        22,561   

IC Companys A/S

    3,209        87,662   

Jeudan A/S

    201        19,377   

Jyske Bank A/S (a)

    14,672        790,026   

NKT Holding A/S

    5,902        324,696   

Nordjyske Bank A/S

    185        3,927   

Parken Sport & Entertainment A/S (a)

    2,351        27,725   

PER Aarsleff A/S - Class B

    962        158,471   

Ringkjoebing Landbobank A/S

    2,134        413,870   

Rockwool International A/S - B Shares

    3,675        530,840   

Royal UNIBREW A/S (a)

    4,703        780,766   

Schouw & Co.

    8,187        334,785   

SimCorp A/S

    17,307        508,024   

Solar A/S - B Shares

    3,176        158,028   

Spar Nord Bank A/S

    32,428        326,983   

Sydbank A/S (a)

    20,297        617,516   

TK Development A/S (a)

    41,237        58,663   

Topdanmark A/S (a)

    44,967        1,362,618   

Torm A/S (a)

    9,596        808   

United International Enterprises

    1,090        210,847   

Vestas Wind Systems A/S (a)

    91,348        3,546,427   

Vestjysk Bank A/S (a)

    3,300        6,796   

Zealand Pharma A/S (a)

    1,462        17,116   
   

 

 

 
      14,506,642   
   

 

 

 

Finland—2.6%

   

Afarak Group Oyj (a)

    95,130        32,490   

Ahlstrom Oyj (d)

    11,406        106,610   

Aktia Bank Oyj

    3,139        38,764   

Alma Media Oyj (a)

    32,099        125,214   

Amer Sports Oyj

    39,602        794,214   

Apetit Oyj

    1,205        25,215   

Aspo Oyj

    8,414        68,676   

Atria Oyj

    2,604        22,859   

BasWare Oyj

    3,525        174,805   

Biotie Therapies Oyj (a)

    118,993        32,426   

Cargotec Oyj - B Shares (d)

    9,511        316,853   

Caverion Corp. (d)

    58,474        446,824   

Citycon Oyj

    88,559        295,270   

Comptel Oyj

    30,187        24,184   

Cramo Oyj

    9,503        134,310   

Elektrobit Oyj

    43,163        158,484   

Elisa Oyj

    32,264        853,882   

F-Secure Oyj

    54,590        171,555   

Finnair Oyj (a)

    38,882        122,764   

Finnlines Oyj (a)

    9,624        182,295   

Fiskars Oyj Abp

    21,146        542,085   

HKScan Oyj - A Shares

    6,704        28,543   

 

MSF-75


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

   

Huhtamaki Oyj

    51,530      $ 1,411,448   

Ilkka-Yhtyma Oyj

    2,976        8,072   

Kemira Oyj (d)

    41,153        542,574   

Kesko Oyj - A Shares

    139        4,828   

Kesko Oyj - B Shares

    35,959        1,282,773   

Konecranes Oyj (d)

    12,829        344,496   

Lassila & Tikanoja Oyj

    14,630        246,904   

Lemminkainen Oyj (a)

    5,098        76,605   

Metsa Board Oyj (d)

    135,387        601,761   

Munksjo Oyj (a)

    6,311        58,591   

Neste Oil Oyj (d)

    19,297        397,163   

Okmetic Oyj

    6,360        39,764   

Olvi Oyj - A Shares

    6,303        190,277   

Oriola-KD Oyj - B Shares (a)

    63,643        189,682   

Orion Oyj - Class A

    19,816        772,782   

Orion Oyj - Class B

    43,350        1,690,585   

Outokumpu Oyj (a) (d)

    102,277        709,849   

Outotec Oyj (d)

    52,402        395,978   

PKC Group Oyj

    7,155        144,665   

Ponsse Oy

    3,208        48,493   

Poyry Oyj (a) (d)

    14,295        59,406   

Raisio plc - V Shares

    58,833        283,758   

Ramirent Oyj

    47,421        373,097   

Rapala VMC Oyj

    8,902        59,795   

Saga Furs Oyj

    836        29,020   

Sanoma Oyj (d)

    28,493        179,294   

Stockmann Oyj Abp - B Shares (d)

    11,956        130,376   

Talvivaara Mining Co. plc (a) (d)

    286,881        16,834   

Technopolis plc

    30,055        152,583   

Teleste Oyj

    772        4,869   

Tieto Oyj

    35,284        887,794   

Tikkurila Oyj

    20,569        427,822   

Uponor Oyj (d)

    23,381        314,831   

Vacon Oyj (d)

    9,170        388,348   

Vaisala Oyj - A Shares

    4,116        108,595   

YIT Oyj (d)

    33,084        253,741   
   

 

 

 
      17,525,775   
   

 

 

 

France—3.9%

  

ABC Arbitrage

    4,710        27,769   

Air France-KLM (a) (d)

    35,222        329,979   

Akka Technologies S.A.

    2,226        75,363   

ALBIOMA

    12,611        308,825   

Alcatel-Lucent (a) (d)

    83,837        258,913   

Altamir Amboise

    9,152        131,929   

Alten S.A.

    9,016        386,076   

Altran Technologies S.A.

    70,704        727,073   

April (d)

    9,077        181,951   

Assystem (d)

    8,352        175,421   

Aubay

    724        8,905   

Audika Groupe

    2,159        31,566   

Aurea S.A.

    1,221        8,230   

Axway Software S.A.

    2,132        52,187   

Beneteau S.A. (a) (d)

    19,857        316,332   

Bigben Interactive (d)

    2,504        18,129   

BioMerieux (d)

    2,594        268,386   

France—(Continued)

  

Boiron S.A.

    2,033      169,936   

Bonduelle S.C.A.

    7,722        197,468   

Bongrain S.A.

    3,042        223,066   

Burelle S.A.

    184        136,874   

Cegedim S.A. (a)

    2,929        92,280   

Cegid Group

    3,132        117,037   

Chargeurs S.A. (a)

    5,251        34,948   

Cie des Alpes (a)

    3,241        64,640   

Club Mediterranee S.A. (a)

    18,244        518,284   

Derichebourg S.A.

    31,305        82,663   

Devoteam S.A.

    4,902        100,110   

DNXCorp.

    277        6,469   

Eiffage S.A.

    1,036        57,569   

Electricite de Strasbourg S.A.

    88        12,117   

Eramet (a)

    1,499        157,058   

Esso S.A. Francaise (a)

    780        33,789   

Etablissements Maurel et Prom (a)

    26,859        378,453   

Euler Hermes S.A.

    2,303        245,710   

Euro Disney SCA (a)

    7,917        34,597   

Eurofins Scientific (d)

    2,505        645,652   

Exel Industries - A Shares

    618        39,279   

Faiveley Transport S.A.

    3,053        194,577   

Faurecia (d)

    31,687        1,009,153   

Fimalac

    3,854        280,328   

Fleury Michon S.A.

    461        28,016   

GameLoft SE (a) (d)

    18,424        122,209   

GEA

    165        14,743   

GECI International (a) (b) (c)

    9,793        0   

GL Events

    2,604        49,192   

Groupe Crit

    1,538        83,448   

Groupe Flo

    5,857        20,683   

Groupe Gorge

    747        18,859   

Groupe Open (a)

    22        274   

Guerbet

    2,652        136,601   

Haulotte Group S.A.

    9,947        155,214   

Havas S.A.

    72,937        563,139   

Hi-Media S.A. (a)

    16,805        55,092   

Ingenico

    11,541        1,176,362   

Interparfums S.A.

    3,970        102,141   

Ipsen S.A.

    9,287        456,039   

IPSOS

    10,224        260,556   

Jacquet Metal Service

    7,386        144,331   

Korian - Medica

    23,302        877,909   

Lagardere SCA

    7,753        206,938   

Lanson-BCC

    15        695   

Laurent-Perrier

    1,367        116,550   

Lectra

    6,966        71,269   

LISI

    11,625        337,557   

Maisons France Confort S.A.

    1,754        64,479   

Manitou BF S.A. (a)

    3,836        60,661   

Manutan International

    589        30,070   

Mersen (d)

    8,985        220,148   

METabolic EXplorer S.A. (a)

    6,035        24,990   

Metropole Television S.A.

    13,841        223,522   

MGI Coutier

    3,880        54,627   

Montupet

    4,620        299,812   

Mr. Bricolage

    601        10,990   

 

MSF-76


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

France—(Continued)

  

Naturex

    1,999      $ 132,523   

Neopost S.A. (d)

    9,051        665,140   

Nexans S.A. (a) (d)

    10,429        390,944   

Nexity S.A.

    9,102        336,061   

NextRadioTV

    2,690        76,798   

Norbert Dentressangle S.A.

    2,592        373,066   

NRJ Group (a)

    13,425        111,630   

Onxeo (a) (d)

    3,654        34,076   

Orco Property Group (a) (d)

    4,469        2,308   

Orpea

    11,486        713,881   

Parrot S.A. (a)

    1,775        38,529   

Peugeot S.A. (a)

    40,392        516,195   

Pierre & Vacances S.A. (a)

    3,103        95,117   

Plastic Omnium S.A.

    34,713        827,634   

Rallye S.A.

    6,398        279,293   

Recylex S.A. (a)

    8,543        24,972   

Remy Cointreau S.A. (d)

    2,474        178,095   

Robertet S.A.

    14        2,901   

Rubis SCA

    12,686        730,240   

Saft Groupe S.A.

    16,151        549,407   

Samse S.A.

    107        14,880   

Sartorius Stedim Biotech (d)

    1,057        176,303   

SEB S.A. (d)

    5,109        385,280   

Seche Environnement S.A.

    1,555        44,773   

Sequana S.A. (a) (d)

    10,224        37,051   

Soc Mar Tunnel Prado Car

    293        11,228   

Societe d’Edition de Canal Plus

    21,604        161,154   

Societe des Bains de Mer et du Cercle des Etrangers a Monaco

    16        921   

Societe Television Francaise 1 (d)

    31,295        421,071   

Soitec (a) (d)

    88,257        239,417   

Solocal Group (a)

    127,228        89,629   

Somfy S.A.

    202        63,845   

Sopra Group S.A.

    6,938        629,023   

Spir Communication S.A. (a)

    848        13,924   

Ste Industrielle d’Aviation Latecoere S.A. (a)

    3,195        44,570   

STEF S.A.

    1,145        74,659   

Store Electronic (a)

    715        12,138   

Sword Group

    3,419        80,531   

Synergie S.A.

    5,633        130,871   

Technicolor S.A. (a)

    82,581        538,291   

Teleperformance

    23,036        1,421,171   

Tessi S.A.

    895        97,517   

TFF Group

    308        24,089   

Theolia S.A. (a)

    38,489        43,302   

Thermador Groupe

    846        80,120   

Total Gabon

    324        156,104   

Touax S.A.

    1,463        29,389   

Trigano S.A. (a)

    5,078        115,682   

UBISOFT Entertainment (a)

    29,647        485,411   

Union Financiere de France BQE S.A.

    1,856        51,105   

Valneva SE (a) (d)

    9,152        61,296   

Vetoquinol S.A.

    469        21,350   

Vicat S.A.

    4,054        262,458   

Viel et Co.

    3,978        9,683   

Vilmorin & Cie S.A.

    2,214        236,395   

Virbac S.A.

    1,396        293,114   

France—(Continued)

  

VM Materiaux S.A.

    235      7,447   

Vranken-Pommery Monopole S.A.

    958        31,441   
   

 

 

 
      26,801,650   
   

 

 

 

Germany—5.1%

   

Aareal Bank AG

    32,420        1,409,481   

Adler Modemaerkte AG

    2,828        44,118   

ADVA Optical Networking SE (a)

    13,833        50,896   

Air Berlin plc (a) (d)

    23,494        37,953   

Aixtron SE (a)

    30,799        469,618   

Allgeier SE

    2,942        57,819   

Amadeus Fire AG

    2,610        182,352   

Analytik Jena AG (a)

    501        8,669   

Aurubis AG (d)

    10,918        538,488   

Balda AG

    14,264        54,385   

Bauer AG (a)

    3,740        64,293   

BayWa AG

    305        13,601   

BayWa AG (d)

    4,054        174,621   

Bechtle AG

    9,570        730,682   

Bertrandt AG

    1,368        175,007   

Bijou Brigitte AG

    1,353        93,976   

Biotest AG

    1,823        180,161   

Borussia Dortmund GmbH & Co. KGaA (Frankfurt Exchange) (a) (d)

    6,935        38,190   

Borussia Dortmund GmbH & Co. KGaA (Xetra Exchange)

    19,081        107,432   

CANCOM SE (d)

    7,824        303,355   

Carl Zeiss Meditec AG (d)

    7,390        214,630   

Celesio AG

    49,773        1,655,890   

CENIT AG

    5,981        87,631   

CENTROTEC Sustainable AG

    3,158        60,741   

Cewe Stiftung & Co KGaA

    3,145        207,899   

Comdirect Bank AG

    10,859        112,157   

CompuGroup Medical AG

    8,338        199,668   

Constantin Medien AG (a)

    15,941        25,575   

CropEnergies AG (d)

    9,235        51,653   

CTS Eventim AG & Co. KGaA

    19,994        565,340   

DAB Bank AG

    10,449        63,108   

Data Modul AG

    138        3,346   

DEAG Deutsche Entertainment AG

    791        5,939   

Delticom AG (d)

    1,562        34,200   

Deutsche Beteiligungs AG

    2,815        76,626   

Deutsche Wohnen AG

    145,731        3,114,209   

Deutz AG

    27,142        143,712   

Dialog Semiconductor plc (a)

    19,921        558,632   

DMG Mori Seiki AG

    19,685        556,449   

Dr. Hoenle AG

    2,084        44,588   

Draegerwerk AG & Co. KGaA

    1,062        85,739   

Drillisch AG (d)

    30,810        1,037,076   

Duerr AG

    7,326        535,081   

Eckert & Ziegler AG

    1,629        46,408   

Elmos Semiconductor AG

    7,336        138,199   

ElringKlinger AG (d)

    7,573        223,804   

Euromicron AG (a)

    2,048        34,449   

Evotec AG (a) (d)

    24,706        96,621   

Francotyp-Postalia Holding AG

    3,300        17,405   

Freenet AG

    56,906        1,479,606   

 

MSF-77


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

   

GAGFAH S.A. (a)

    36,892      $ 685,168   

Gerresheimer AG

    9,467        612,241   

Gerry Weber International AG (d)

    9,842        388,321   

Gesco AG

    1,521        131,130   

GFK SE

    7,937        344,469   

GFT Technologies AG

    9,142        131,199   

Grammer AG

    7,596        293,712   

Grenkeleasing AG

    2,371        232,031   

H&R AG (a)

    4,113        35,640   

Hamburger Hafen und Logistik AG (d)

    6,581        156,655   

Hansa Group AG (a)

    5,987        2,799   

Hawesko Holding AG

    768        37,708   

Heidelberger Druckmaschinen AG (a) (d)

    153,682        431,630   

Homag Group AG

    1,678        57,536   

Indus Holding AG

    13,812        671,305   

Init Innovation In Traffic Systems AG

    1,794        49,060   

Intershop Communications AG (a)

    7,747        11,571   

Isra Vision AG

    2,083        127,464   

Jenoptik AG

    13,989        157,182   

Joyou AG (a)

    688        9,906   

Kloeckner & Co. SE (a)

    31,288        429,080   

Koenig & Bauer AG (a)

    4,373        61,282   

Kontron AG (a)

    18,397        115,124   

Krones AG

    3,402        295,267   

KSB AG

    103        59,301   

KUKA AG (d)

    7,068        426,878   

KWS Saat AG

    949        333,563   

Leifheit AG

    945        49,242   

Leoni AG

    10,537        573,344   

LPKF Laser & Electronics AG (d)

    5,852        102,671   

Manz AG (a)

    1,272        117,621   

Medigene AG (a)

    3,423        17,091   

MLP AG

    20,985        117,124   

Morphosys AG (a)

    182        17,850   

MTU Aero Engines AG

    6,670        568,633   

Muehlbauer Holding AG

    305        6,964   

MVV Energie AG

    5,940        179,296   

Nemetschek AG

    3,207        309,154   

Nexus AG

    2,080        31,474   

Nordex SE (a)

    21,916        404,267   

NORMA Group SE

    8,699        363,598   

OHB AG

    2,315        58,203   

Patrizia Immobilien AG (a)

    14,508        194,232   

Pfeiffer Vacuum Technology AG (d)

    2,600        219,022   

PNE Wind AG (d)

    24,548        75,025   

Progress-Werk Oberkirch AG

    822        43,661   

PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie (a)

    2,118        31,135   

Puma SE (d)

    157        36,365   

PVA TePla AG (a)

    3,358        9,536   

QSC AG (d)

    26,632        75,038   

R Stahl AG

    1,594        80,110   

Rational AG

    804        239,107   

Rheinmetall AG

    10,024        480,750   

Rhoen Klinikum AG

    61,526        1,865,950   

RIB Software AG (d)

    1,026        13,947   

SAF-Holland S.A.

    31,896        393,045   

Germany—(Continued)

   

Salzgitter AG (d)

    10,436      359,381   

Schaltbau Holding AG (d)

    1,687        100,765   

SGL Carbon SE (a) (d)

    14,081        290,474   

SHW AG

    1,051        44,511   

Singulus Technologies AG (a) (d)

    35,179        48,439   

Sixt SE

    9,652        309,205   

SMA Solar Technology AG (a) (d)

    3,992        104,714   

SMT Scharf AG

    831        17,730   

Softing AG

    528        9,725   

Software AG (d)

    15,310        379,400   

Solarworld AG (a)

    348        5,588   

Stada Arzneimittel AG

    17,158        680,275   

STRATEC Biomedical AG

    224        11,625   

Stroeer Media AG

    6,896        151,098   

Surteco SE

    400        12,924   

Suss Microtec AG (a) (d)

    6,216        37,253   

Syzygy AG

    1,399        10,703   

TAG Immobilien AG (d)

    77,264        873,226   

Takkt AG (d)

    9,893        168,728   

Technotrans AG

    2,013        20,074   

Telegate AG

    2,507        13,143   

Tom Tailor Holding AG (a) (d)

    6,389        111,697   

TUI AG (d)

    85,669        1,276,130   

Vossloh AG (d)

    1,443        97,857   

VTG AG

    3,210        60,119   

Wacker Neuson SE

    7,829        149,832   

Washtec AG

    3,397        54,096   

Wincor Nixdorf AG

    6,595        336,971   

XING AG

    1,747        185,961   
   

 

 

 
      35,093,799   
   

 

 

 

Greece—0.0%

   

Bank of Cyprus plc (a) (b) (c)

    596,049        0   

Proton Bank S.A. (a) (b) (c)

    14,856        0   

TT Hellenic Postbank S.A. (a) (b) (c)

    71,180        0   
   

 

 

 
      0   
   

 

 

 

Hong Kong—3.0%

   

Alco Holdings, Ltd.

    136,000        27,685   

Allan International Holdings

    70,000        18,931   

Allied Group, Ltd.

    22,000        92,932   

Allied Properties HK, Ltd.

    1,774,024        329,063   

Anxian Yuan China Holdings, Ltd. (a)

    420,000        8,925   

Apac Resources, Ltd. (a)

    314,782        8,364   

APT Satellite Holdings, Ltd.

    109,500        155,471   

Arts Optical International Holdings, Ltd.

    16,000        6,998   

Asia Financial Holdings, Ltd.

    300,000        119,100   

Asia Satellite Telecommunications Holdings, Ltd.

    62,500        209,673   

Asia Standard International Group, Ltd.

    370,000        94,607   

Associated International Hotels, Ltd.

    14,000        39,666   

Aupu Group Holding Co., Ltd.

    246,000        39,971   

Bel Global Resources Holdings, Ltd. (a) (b) (c)

    520,000        0   

Bonjour Holdings, Ltd.

    473,000        65,018   

Bossini International Holdings

    302,000        28,328   

Brightoil Petroleum Holdings, Ltd. (a)

    895,000        279,092   

Brockman Mining, Ltd. (a) (d)

    2,516,770        111,799   

 

MSF-78


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

   

Burwill Holdings, Ltd. (a)

    1,226,000      $ 44,219   

Cafe de Coral Holdings, Ltd.

    134,000        452,322   

CEC International Holdings, Ltd.

    34,000        11,258   

Century City International Holdings, Ltd.

    616,000        45,928   

Champion Technology Holdings, Ltd.

    1,233,093        28,109   

Chen Hsong Holdings

    150,000        41,130   

Cheuk Nang Holdings, Ltd.

    84,823        76,377   

Chevalier International Holdings, Ltd.

    70,000        110,703   

China Billion Resources, Ltd. (a) (b) (c)

    476,000        0   

China Daye Non-Ferrous Metals Mining, Ltd. (a) (d)

    2,366,000        53,042   

China Dynamics Holdings, Ltd. (a) (d)

    830,000        106,937   

China Electronics Corp. Holdings Co., Ltd.

    264,000        87,779   

China Energy Development Holdings, Ltd. (a)

    3,046,000        93,412   

China Financial Services Holdings, Ltd.

    288,000        17,435   

China Flavors & Fragrances Co., Ltd. (a)

    70,147        11,112   

China Infrastructure Investment, Ltd. (a)

    626,000        9,347   

China Metal International Holdings, Inc.

    198,000        72,264   

China Renji Medical Group, Ltd. (a)

    176,700        6,484   

China Solar Energy Holdings, Ltd. (a) (b) (c)

    162,000        704   

China Star Entertainment, Ltd. (a)

    3,150,000        46,672   

China Strategic Holdings, Ltd. (a)

    770,000        18,580   

China Ting Group Holdings, Ltd.

    318,550        16,214   

China-Hongkong Photo Products Holdings, Ltd.

    284,000        18,655   

Chinney Investment, Ltd.

    8,000        1,288   

Chong Hing Bank, Ltd.

    8,945        18,788   

Chow Sang Sang Holdings International, Ltd.

    107,000        254,962   

Chu Kong Shipping Enterprise Group Co., Ltd.

    154,000        33,529   

Chuang’s China Investments, Ltd.

    341,000        21,958   

Chuang’s Consortium International, Ltd.

    446,357        54,608   

CITIC Telecom International Holdings, Ltd.

    383,000        143,057   

CK Life Sciences International Holdings, Inc.

    1,874,000        190,357   

CNT Group, Ltd.

    246,000        12,678   

CP Lotus Corp. (a)

    1,750,000        42,134   

Cross-Harbour Holdings, Ltd. (The)

    119,000        103,632   

CSI Properties, Ltd. (d)

    3,194,023        133,659   

CST Mining Group, Ltd. (a)

    8,984,000        49,756   

Culturecom Holdings, Ltd. (a) (d)

    215,000        26,873   

Dah Sing Banking Group, Ltd. (d)

    172,671        307,929   

Dah Sing Financial Holdings, Ltd.

    55,860        339,265   

Dan Form Holdings Co., Ltd. (a)

    433,000        42,938   

Dickson Concepts International, Ltd.

    131,000        71,021   

Dorsett Hospitality International, Ltd.

    415,000        73,694   

Eagle Nice International Holdings, Ltd.

    120,000        20,390   

EcoGreen Fine Chemicals Group, Ltd.

    90,000        27,037   

Emperor Capital Group, Ltd.

    84,000        4,386   

Emperor Entertainment Hotel, Ltd.

    235,000        64,471   

Emperor International Holdings

    565,250        122,360   

Emperor Watch & Jewellery, Ltd.

    1,520,000        69,493   

ENM Holdings, Ltd. (a)

    556,000        33,572   

EPI Holdings, Ltd. (a)

    652,000        13,943   

Esprit Holdings, Ltd. (d)

    581,250        752,242   

eSun Holdings, Ltd. (a)

    400,000        42,787   

Fairwood Holdings, Ltd.

    34,500        75,520   

Far East Consortium International, Ltd.

    514,010        186,732   

Fountain SET Holdings, Ltd.

    422,000        49,923   

Fujikon Industrial Holdings, Ltd.

    100,000        20,470   

Hong Kong—(Continued)

   

Future Bright Holdings, Ltd. (d)

    156,000      63,901   

G-Resources Group, Ltd. (a)

    11,842,800        302,227   

GCL New Energy Holdings, Ltd. (a)

    130,000        47,771   

Genting Hong Kong, Ltd.

    101,229        37,889   

Get Nice Holdings, Ltd.

    1,716,000        80,703   

Giordano International, Ltd. (d)

    536,000        290,251   

Glorious Sun Enterprises, Ltd.

    262,000        56,706   

Gold Peak Industries Holding, Ltd.

    277,714        25,036   

Golden Resources Development International, Ltd.

    370,000        21,222   

Goldin Financial Holdings, Ltd. (a) (d)

    120,000        75,429   

Goldin Properties Holdings, Ltd. (a)

    226,000        145,279   

Good Fellow Resources Holdings, Ltd. (a)

    230,000        16,587   

Guangnan Holdings, Ltd.

    264,000        36,029   

Guotai Junan International Holdings, Ltd. (d)

    151,200        104,325   

Haitong International Securities Group, Ltd. (d)

    134,365        77,166   

Hang Fai Enterprises, Ltd. (a)

    600,000        25,494   

Hao Tian Development Group, Ltd. (a)

    570,000        36,685   

Harbour Centre Development, Ltd.

    88,000        158,492   

HKR International, Ltd.

    405,600        191,645   

Hon Kwok Land Investment Co., Ltd.

    140,000        48,590   

Hong Kong Aircraft Engineering Co., Ltd.

    6,400        70,890   

Hong Kong Ferry Holdings Co., Ltd.

    22,000        22,504   

Hong Kong Television Network, Ltd. (a)

    165,000        49,051   

Hongkong & Shanghai Hotels (The)

    8,000        11,685   

Hongkong Chinese, Ltd.

    920,000        208,627   

Hsin Chong Construction Group, Ltd.

    348,000        42,527   

Hung Hing Printing Group, Ltd.

    252,000        35,693   

Hutchison Telecommunications Hong Kong Holdings, Ltd. (d)

    484,000        193,784   

I-CABLE Communications, Ltd. (a)

    177,000        16,415   

Imagi International Holdings, Ltd. (a)

    3,635,000        90,409   

Integrated Waste Solutions Group Holdings, Ltd. (a)

    252,000        9,555   

International Standard Resources Holdings, Ltd. (a)

    935,000        53,645   

IPE Group, Ltd.

    285,000        26,682   

IRC, Ltd. (a)

    600,000        47,769   

IT, Ltd.

    330,000        111,706   

ITC Properties Group, Ltd.

    91,039        44,564   

Jinhui Holdings, Ltd. (a)

    70,000        12,861   

Johnson Electric Holdings, Ltd.

    73,375        277,908   

K Wah International Holdings, Ltd. (d)

    586,338        327,347   

Kam Hing International Holdings, Ltd.

    196,000        14,787   

Kantone Holdings, Ltd.

    930,000        11,976   

Keck Seng Investments

    72,000        62,689   

King Stone Energy Group, Ltd. (a)

    411,000        13,122   

Kingmaker Footwear Holdings, Ltd.

    102,000        18,507   

Kingston Financial Group, Ltd.

    2,355,000        257,141   

Ko Yo Chemical Group, Ltd. (a)

    1,580,000        55,994   

Kowloon Development Co., Ltd.

    137,000        158,398   

Lai Sun Development (a)

    6,835,666        163,906   

Lai Sun Garment International, Ltd. (a)

    498,800        68,128   

Lam Soon Hong Kong, Ltd.

    15,000        12,808   

Landsea Green Properties Co., Ltd. (a)

    120,000        10,048   

Lee’s Pharmaceutical Holdings, Ltd.

    110,000        145,646   

Lerado Group Holdings Co., Ltd. (a)

    202,000        29,115   

 

MSF-79


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

   

Lifestyle International Holdings, Ltd. (b) (d)

    107,500      $ 201,673   

Lippo China Resources, Ltd.

    2,106,000        82,733   

Lippo, Ltd.

    122,000        66,327   

Liu Chong Hing Investment, Ltd.

    58,000        71,954   

Luen Thai Holdings, Ltd.

    116,000        28,532   

Luk Fook Holdings International, Ltd.

    108,000        313,799   

Luks Group Vietnam Holdings Co., Ltd.

    68,000        17,856   

Lung Kee Bermuda Holdings

    116,000        34,958   

Magnificent Estates

    1,310,000        61,608   

Man Wah Holdings, Ltd.

    158,800        233,221   

Man Yue Technology Holdings, Ltd.

    88,000        18,018   

Matrix Holdings, Ltd.

    36,000        10,895   

Mei Ah Entertainment Group, Ltd. (a)

    1,020,000        79,895   

Midland Holdings, Ltd. (a)

    302,000        147,446   

Ming Fai International Holdings, Ltd.

    145,000        15,514   

Ming Fung Jewellery Group, Ltd. (a)

    2,160,000        24,495   

Miramar Hotel & Investment

    4,000        5,008   

Mongolia Energy Corp., Ltd. (a) (d)

    1,688,000        36,647   

Mongolian Mining Corp. (a) (d)

    801,000        89,246   

National Electronic Holdings, Ltd.

    166,000        21,172   

Natural Beauty Bio-Technology, Ltd.

    290,000        21,623   

Neo-Neon Holdings, Ltd. (a)

    322,500        53,974   

Neptune Group, Ltd. (a)

    1,060,000        25,079   

New Century Group Hong Kong, Ltd.

    912,000        17,724   

New Times Energy Corp., Ltd. (a)

    204,200        8,941   

Newocean Energy Holdings, Ltd. (d)

    416,000        208,973   

Next Media, Ltd.

    414,000        44,266   

Orange Sky Golden Harvest Entertainment Holdings, Ltd. (a)

    375,882        28,148   

Orient Overseas International, Ltd.

    2,500        13,786   

Oriental Watch Holdings

    271,600        61,235   

Pacific Andes International Holdings, Ltd.

    1,213,323        58,494   

Pacific Basin Shipping, Ltd.

    542,000        292,287   

Pacific Textile Holdings, Ltd.

    154,000        189,777   

Paliburg Holdings, Ltd.

    362,000        117,940   

Pan Asia Environmental Protection Group, Ltd. (a)

    38,000        7,883   

Paradise Entertainment, Ltd. (d)

    168,000        64,526   

Pearl Oriental Oil, Ltd. (a)

    92,000        2,477   

Perfect Shape PRC Holdings, Ltd.

    108,000        22,936   

Pico Far East Holdings, Ltd. (d)

    468,000        105,504   

Ping Shan Tea Group, Ltd. (a)

    460,000        5,677   

Playmates Holdings, Ltd.

    56,000        53,033   

Playmates Toys, Ltd.

    236,000        54,118   

PNG Resources Holdings, Ltd. (d)

    194,400        9,387   

Polytec Asset Holdings, Ltd.

    565,000        80,074   

Public Financial Holdings, Ltd.

    166,000        77,157   

PYI Corp., Ltd.

    2,140,366        46,067   

Regal Hotels International Holdings, Ltd.

    446,000        271,513   

Richfield Group Holdings, Ltd. (a)

    528,000        18,290   

Rivera Holdings, Ltd.

    20,000        1,004   

Sa Sa International Holdings, Ltd. (d)

    316,000        216,598   

SAS Dragon Holdings, Ltd.

    96,000        31,411   

SEA Holdings, Ltd.

    94,000        56,018   

Shenyin Wanguo HK, Ltd.

    115,000        60,128   

Shougang Concord Technology Holdings (a)

    634,000        24,790   

Shun Tak Holdings, Ltd. (d)

    483,500        237,303   

Silver Base Group Holdings, Ltd. (a) (d)

    422,000        54,854   

Hong Kong—(Continued)

   

Simsen International Corp., Ltd. (b)

    100,000      39,130   

Sing Tao News Corp., Ltd.

    276,000        39,831   

Singamas Container Holdings, Ltd.

    702,000        128,455   

SIS International Holdings

    16,000        6,285   

Sitoy Group Holdings, Ltd.

    89,000        72,254   

SmarTone Telecommunications Holdings, Ltd.

    117,500        163,716   

SOCAM Development, Ltd. (a)

    179,876        146,454   

Solomon Systech International, Ltd. (a)

    920,000        43,803   

Soundwill Holdings, Ltd.

    50,000        79,549   

South China China, Ltd. (a)

    496,000        41,567   

Stella International Holdings, Ltd.

    133,500        346,064   

Stelux Holdings International, Ltd.

    260,500        66,763   

Success Universe Group, Ltd. (a)

    240,000        8,190   

Sun Hing Vision Group Holdings, Ltd.

    42,000        14,226   

Sun Hung Kai & Co., Ltd.

    251,440        179,971   

Superb Summit International Group, Ltd. (a) (d)

    325,000        67,362   

Symphony Holdings, Ltd. (a)

    180,000        13,907   

TAI Cheung Holdings (d)

    232,000        181,702   

Tan Chong International, Ltd.

    63,000        23,610   

Tao Heung Holdings, Ltd.

    204,000        113,214   

Taung Gold International, Ltd. (a)

    700,000        15,908   

Television Broadcasts, Ltd. (d)

    66,500        395,797   

Texwinca Holdings, Ltd.

    212,000        182,142   

Titan Petrochemicals Group, Ltd. (a) (c)

    1,000,000        322   

Tradelink Electronic Commerce, Ltd.

    256,000        53,088   

Transport International Holdings, Ltd.

    109,600        201,879   

Trinity, Ltd. (d)

    404,000        109,333   

TSC Group Holdings, Ltd. (a)

    174,000        81,333   

United Laboratories International Holdings, Ltd. (The) (a)

    137,000        102,869   

Universal Technologies Holdings, Ltd. (a)

    710,000        36,546   

Up Energy Development Group, Ltd. (a)

    92,000        10,786   

Upbest Group, Ltd.

    8,000        1,278   

Value Convergence Holdings, Ltd. (a)

    104,000        16,740   

Value Partners Group, Ltd.

    252,000        184,055   

Varitronix International, Ltd.

    137,000        110,689   

Vedan International Holdings, Ltd. (a)

    296,000        16,743   

Victory City International Holdings, Ltd.

    699,276        105,339   

Vitasoy International Holdings, Ltd.

    358,000        456,211   

VST Holdings, Ltd.

    487,200        146,249   

VTech Holdings, Ltd. (d)

    31,700        389,067   

Wai Kee Holdings, Ltd.

    54,000        15,467   

Win Hanverky Holdings, Ltd.

    332,000        42,340   

Wing On Co. International, Ltd.

    46,000        135,418   

Wing Tai Properties, Ltd.

    280,000        181,799   

Xinyi Glass Holdings, Ltd. (d)

    672,000        419,147   

Xinyi Solar Holdings, Ltd. (d)

    930,000        304,061   

Yeebo International Holdings, Ltd.

    158,000        28,704   

YGM Trading, Ltd.

    46,000        100,649   

Yugang International, Ltd.

    1,466,000        20,041   

Zhuhai Holdings Investment Group, Ltd.

    218,000        36,447   
   

 

 

 
      20,807,564   
   

 

 

 

Ireland—1.5%

   

Aer Lingus Group plc

    42,387        75,774   

C&C Group plc

    164,854        874,045   

DCC plc

    50,148        2,772,161   

 

MSF-80


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Ireland—(Continued)

   

Endo International plc (a) (d)

    8,162      $ 561,163   

FBD Holdings plc

    10,350        191,525   

Glanbia plc

    43,475        627,292   

Grafton Group plc

    97,822        989,887   

Greencore Group plc

    238,369        904,564   

IFG Group plc

    44,002        87,799   

Independent News & Media plc (a)

    35,056        6,577   

Irish Continental Group plc

    17,060        59,495   

Kenmare Resources plc (a)

    145,693        23,741   

Kingspan Group plc

    54,781        873,971   

Paddy Power plc

    22,167        1,600,882   

Smurfit Kappa Group plc

    11,491        251,805   

UDG Healthcare plc

    90,877        486,802   
   

 

 

 
      10,387,483   
   

 

 

 

Israel—0.9%

   

Africa Israel Investments, Ltd. (a)

    64,936        112,769   

Africa Israel Properties, Ltd.

    4,653        77,573   

Africa Israel Residences, Ltd.

    880        13,661   

Airport City, Ltd. (a)

    10,447        105,609   

AL-ROV Israel, Ltd. (a)

    2,628        84,741   

Allot Communications, Ltd. (a)

    10,216        115,292   

Alon Holdings Blue Square Israel, Ltd. (a)

    8,063        24,083   

Alrov Properties and Lodgings, Ltd. (a)

    1,122        24,686   

Amot Investments, Ltd.

    20,789        68,303   

AudioCodes, Ltd. (a)

    11,108        53,459   

Azorim-Investment Development & Construction Co., Ltd. (a)

    23,712        19,360   

Babylon, Ltd.

    13,198        7,938   

Bayside Land Corp.

    205        57,491   

Big Shopping Centers 2004, Ltd.

    1,031        43,809   

BioLine RX, Ltd. (a)

    25,645        4,023   

Blue Square Real Estate, Ltd.

    344        12,822   

Brainsway, Ltd. (a)

    2,674        28,555   

Cellcom Israel, Ltd.

    13,058        144,312   

Ceragon Networks, Ltd. (a)

    14,799        36,655   

Clal Biotechnology Industries, Ltd. (a)

    17,580        19,540   

Clal Insurance Enterprises Holdings, Ltd. (a)

    6,170        104,776   

Cohen Development & Industrial Buildings, Ltd. (a)

    305        10,931   

Compugen, Ltd. (a)

    13,456        117,947   

Delek Automotive Systems, Ltd.

    14,284        155,124   

Delta-Galil Industries, Ltd.

    5,417        157,571   

Direct Insurance Financial Investments, Ltd.

    5,783        35,338   

Electra, Ltd.

    490        68,788   

Elron Electronic Industries, Ltd.

    7,585        35,859   

Equital, Ltd. (a)

    550        10,010   

Evogene, Ltd. (a)

    5,090        65,382   

EZchip Semiconductor, Ltd. (U.S. Listed Shares) (a) (d)

    400        9,648   

EZchip Semiconductor, Ltd. (a)

    8,944        216,137   

First International Bank of Israel, Ltd.

    3,568        54,549   

FMS Enterprises Migun, Ltd.

    910        13,715   

Formula Systems 1985, Ltd.

    2,591        68,039   

Fox Wizel, Ltd.

    1,475        37,266   

Frutarom Industries, Ltd.

    19,140        486,051   

Gilat Satellite Networks, Ltd. (a)

    12,836        62,563   

Israel—(Continued)

   

Golf & Co., Ltd.

    6,101      20,395   

Hadera Paper, Ltd. (a)

    1,104        42,462   

Harel Insurance Investments & Financial Services, Ltd.

    43,597        235,736   

Industrial Buildings Corp.

    29,599        52,736   

Israel Discount Bank, Ltd. - Class A (a)

    134,750        232,078   

Israel Land Development Co., Ltd. (The)

    3,950        18,391   

Ituran Location and Control, Ltd.

    9,589        201,732   

Jerusalem Oil Exploration (a)

    5,621        242,561   

Kamada, Ltd. (a)

    6,270        28,297   

Kerur Holdings, Ltd.

    931        16,557   

Maabarot Products, Ltd.

    3,435        41,401   

Magic Software Enterprises, Ltd.

    9,462        65,046   

Matrix IT, Ltd.

    14,215        76,847   

Mazor Robotics, Ltd. (a)

    11,460        66,612   

Meitav DS Investments, Ltd.

    5,193        19,243   

Melisron, Ltd.

    3,980        107,021   

Menorah Mivtachim Holdings, Ltd.

    11,310        128,991   

Migdal Insurance & Financial Holding, Ltd.

    42,213        61,692   

Mivtach Shamir Holdings, Ltd.

    1,401        41,487   

Naphtha Israel Petroleum Corp., Ltd. (a)

    18,925        133,325   

Neto ME Holdings, Ltd.

    963        48,372   

Nitsba Holdings 1995, Ltd. (a)

    13,921        227,375   

Nova Measuring Instruments, Ltd. (a)

    7,326        79,578   

Oil Refineries, Ltd. (a)

    277,785        101,702   

Ormat Industries

    21,202        149,183   

Partner Communications Co., Ltd. (a)

    21,648        154,119   

Paz Oil Co., Ltd.

    1,481        233,877   

Perion Network, Ltd. (a)

    3,246        18,186   

Phoenix Holdings, Ltd. (The)

    20,176        64,935   

Plasson Industries, Ltd.

    1,729        69,592   

Protalix BioTherapeutics, Inc. (a)

    3,011        7,219   

Rami Levi Chain Stores Hashikma Marketing 2006, Ltd.

    1,803        89,244   

Sapiens International Corp. NV (a)

    4,784        35,620   

Shikun & Binui, Ltd.

    52,808        131,463   

Shufersal, Ltd.

    23,137        65,271   

Space Communication, Ltd. (a)

    2,951        42,248   

Tower Semiconductor, Ltd. (U.S. Listed Shares) (a) (d)

    1,303        13,251   

Tower Semiconductor, Ltd. (a)

    12,319        125,262   

Union Bank of Israel (a)

    7,545        31,150   
   

 

 

 
      6,284,632   
   

 

 

 

Italy—3.0%

   

A/S Roma S.p.A. (a)

    36,433        31,537   

A2A S.p.A.

    414,202        408,622   

ACEA S.p.A.

    23,394        283,010   

Aeffe S.p.A. (a)

    5,630        12,790   

Alerion Cleanpower S.p.A.

    5,771        23,236   

Amplifon S.p.A.

    36,377        203,509   

Ansaldo STS S.p.A.

    35,405        399,828   

Arnoldo Mondadori Editore S.p.A. (a)

    28,272        28,847   

Ascopiave S.p.A.

    22,740        51,530   

Astaldi S.p.A.

    20,559        155,852   

Autogrill S.p.A. (a)

    44,414        349,163   

 

MSF-81


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

   

Azimut Holding S.p.A.

    32,061      $ 804,309   

Banca Carige S.p.A. (a)

    1,955,524        261,123   

Banca Finnat Euramerica S.p.A.

    50,851        30,084   

Banca Generali S.p.A.

    15,995        421,418   

Banca IFIS S.p.A.

    6,177        122,288   

Banca Piccolo Credito Valtellinese Scarl (a)

    359,278        405,162   

Banca Popolare dell’Emilia Romagna S.c.r.l. (a)

    129,398        1,028,711   

Banca Popolare dell’Etruria e del Lazio (a) (d)

    91,952        75,600   

Banca Popolare di Milano Scarl (a)

    1,773,934        1,431,452   

Banca Popolare di Sondrio Scarl

    170,178        728,391   

Banca Profilo S.p.A. (d)

    117,883        51,232   

Banco di Desio e della Brianza S.p.A.

    20,306        67,471   

Banco Popolare SC (a)

    40,702        591,013   

BasicNet S.p.A. (a)

    9,826        26,898   

Biesse S.p.A.

    6,021        61,748   

Brembo S.p.A.

    9,033        295,656   

Brioschi Sviluppo Immobiliare S.p.A. (a)

    34,077        4,653   

Brunello Cucinelli S.p.A. (d)

    5,119        106,073   

Buzzi Unicem S.p.A. (d)

    21,918        297,557   

Cairo Communication S.p.A.

    7,581        53,151   

Caltagirone Editore S.p.A. (a)

    6,273        8,276   

Carraro S.p.A. (a)

    5,504        13,817   

Cementir Holding S.p.A. (d)

    31,117        186,214   

CIR-Compagnie Industriali Riunite S.p.A. (a)

    201,871        228,312   

Cosmo Pharmaceuticals S.p.A.

    632        103,039   

Credito Emiliano S.p.A.

    44,882        368,692   

Danieli & C Officine Meccaniche S.p.A.

    3,922        100,880   

Datalogic S.p.A.

    5,875        60,961   

Davide Campari-Milano S.p.A. (d)

    82,483        595,252   

De’Longhi S.p.A. (d)

    14,729        295,239   

DeA Capital S.p.A. (a)

    18,071        32,851   

DiaSorin S.p.A.

    5,564        208,702   

Ei Towers S.p.A. (a)

    4,683        248,357   

El.En. S.p.A.

    311        9,031   

Engineering S.p.A.

    1,533        76,325   

ERG S.p.A.

    13,699        168,749   

Esprinet S.p.A.

    18,719        148,811   

Eurotech S.p.A. (a)

    13,076        29,385   

Falck Renewables S.p.A.

    28,765        38,524   

Finmeccanica S.p.A. (a)

    103,049        1,002,264   

FNM S.p.A.

    55,327        44,799   

Gas Plus S.p.A.

    3,786        20,815   

Geox S.p.A. (a) (d)

    52,589        174,847   

Gruppo Editoriale L’Espresso S.p.A. (a) (d)

    57,235        73,553   

Gruppo MutuiOnline S.p.A.

    5,404        33,650   

Gtech S.p.A. (d)

    18,037        427,509   

Hera S.p.A.

    189,651        501,051   

IMMSI S.p.A. (a)

    100,436        69,891   

Indesit Co. S.p.A. (a)

    25,444        343,115   

Industria Macchine Automatiche S.p.A.

    5,461        180,623   

Intek Group S.p.A. (a)

    80,757        39,236   

Interpump Group S.p.A.

    28,206        354,388   

Iren S.p.A.

    182,554        229,061   

Italcementi S.p.A. (d)

    60,182        383,530   

Italmobiliare S.p.A.

    4,262        138,042   

Juventus Football Club S.p.A. (a) (d)

    147,435        42,549   

Landi Renzo S.p.A. (a)

    5,877        8,084   

Italy—(Continued)

   

Maire Tecnimont S.p.A. (a) (d)

    35,567      85,567   

MARR S.p.A. (d)

    11,344        176,212   

Nice S.p.A.

    9,890        36,498   

Piaggio & C S.p.A. (a) (d)

    53,832        144,580   

Prelios S.p.A. (a) (d)

    54,976        24,616   

Prima Industrie S.p.A. (a)

    243        4,584   

Prysmian S.p.A.

    4,140        76,410   

Recordati S.p.A.

    28,173        460,089   

Reno de Medici S.p.A. (a)

    29,538        11,327   

Reply S.p.A.

    1,788        139,506   

Retelit S.p.A. (a)

    36,769        31,803   

Sabaf S.p.A.

    1,021        17,477   

SAES Getters S.p.A.

    1,416        11,485   

Safilo Group S.p.A. (a) (d)

    10,142        138,190   

Saras S.p.A. (a) (d)

    134,526        135,260   

SAVE S.p.A.

    5,078        84,509   

Snai S.p.A. (a)

    21,135        44,510   

Societa Cattolica di Assicurazioni S.c.r.l.

    20,508        357,623   

Societa Iniziative Autostradali e Servizi S.p.A.

    22,329        239,521   

Sogefi S.p.A. (a) (d)

    18,933        68,880   

SOL S.p.A. (d)

    13,605        106,493   

Sorin S.p.A. (a)

    106,922        261,913   

Tiscali S.p.A. (a)

    802,477        51,380   

Tod’s S.p.A. (d)

    1,072        106,050   

Trevi Finanziaria Industriale S.p.A.

    13,378        94,662   

Uni Land S.p.A. (a) (b) (c)

    4,937        0   

Unipol Gruppo Finanziario S.p.A. (d)

    133,203        640,184   

Vianini Lavori S.p.A.

    2,113        15,327   

Vittoria Assicurazioni S.p.A.

    9,789        119,030   

World Duty Free S.p.A. (a) (d)

    54,430        621,893   

Yoox S.p.A. (a) (d)

    12,453        285,703   

Zignago Vetro S.p.A.

    11,476        77,955   
   

 

 

 
      20,469,575   
   

 

 

 

Japan—22.4%

   

77 Bank, Ltd. (The)

    119,000        627,651   

A&A Material Corp. (a)

    12,000        12,923   

A/S One Corp.

    4,500        141,111   

Accordia Golf Co., Ltd. (d)

    32,800        344,364   

Achilles Corp.

    60,000        84,017   

Adastria Holdings Co., Ltd. (d)

    5,920        115,470   

ADEKA Corp.

    33,600        443,097   

Aderans Co., Ltd. (d)

    6,400        79,775   

Advan Co., Ltd.

    6,500        71,094   

Aeon Delight Co., Ltd.

    1,300        31,652   

Aeon Fantasy Co., Ltd. (d)

    4,000        52,902   

AGORA Hospitality Group Co., Ltd. (a)

    27,000        12,554   

Agrex, Inc.

    900        9,317   

Ahresty Corp.

    9,200        64,765   

Ai Holdings Corp.

    11,300        228,829   

Aica Kogyo Co., Ltd.

    14,600        311,121   

Aichi Bank, Ltd. (The)

    5,000        250,000   

Aichi Corp.

    19,600        93,343   

Aichi Steel Corp.

    40,000        147,075   

Aichi Tokei Denki Co., Ltd.

    19,000        53,440   

Aida Engineering, Ltd.

    27,200        276,802   

Aigan Co., Ltd. (a)

    8,200        20,020   

 

MSF-82


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Ain Pharmaciez, Inc.

    6,000      $ 137,061   

Aiphone Co., Ltd.

    9,200        159,169   

Airport Facilities Co., Ltd.

    9,300        63,651   

Aisan Industry Co., Ltd.

    8,700        68,316   

Aizawa Securities Co., Ltd.

    13,800        67,386   

Akebono Brake Industry Co., Ltd. (d)

    11,100        46,892   

Akita Bank, Ltd. (The)

    99,000        276,359   

Alconix Corp. (d)

    4,800        65,194   

Alinco, Inc.

    5,800        71,616   

Allied Telesis Holdings KK

    17,200        13,618   

Alpen Co., Ltd. (d)

    6,300        97,005   

Alpha Corp.

    2,200        23,094   

Alpha Systems, Inc.

    3,940        57,677   

Alpine Electronics, Inc.

    15,400        253,989   

Alps Logistics Co., Ltd.

    4,100        46,782   

Altech Corp.

    4,700        53,137   

Amano Corp.

    19,800        211,827   

Amiyaki Tei Co., Ltd.

    1,100        40,472   

Amuse, Inc.

    1,800        51,362   

Anabuki Kosan, Inc.

    4,000        9,196   

Anest Iwata Corp.

    12,500        91,185   

Anritsu Corp. (d)

    45,200        344,470   

AOI Electronic Co., Ltd. (d)

    2,800        132,641   

AOI Pro, Inc. (d)

    4,700        30,173   

AOKI Holdings, Inc.

    21,400        246,356   

Aomori Bank, Ltd. (The)

    112,000        340,182   

Aoyama Trading Co., Ltd.

    25,100        585,169   

Arakawa Chemical Industries, Ltd.

    10,900        122,539   

Arata Corp.

    23,000        68,895   

Araya Industrial Co., Ltd.

    26,000        44,671   

Arcland Sakamoto Co., Ltd. (d)

    5,300        124,106   

Arcs Co., Ltd.

    15,464        323,481   

Argo Graphics, Inc.

    3,700        66,796   

Ariake Japan Co., Ltd.

    5,800        130,023   

Arisawa Manufacturing Co., Ltd.

    12,100        84,888   

Arrk Corp. (a)

    6,900        9,715   

Artnature, Inc.

    2,500        67,797   

Asahi Broadcasting Corp.

    2,400        14,555   

Asahi Co., Ltd. (d)

    6,100        68,408   

Asahi Diamond Industrial Co., Ltd.

    21,400        310,027   

Asahi Holdings, Inc.

    8,400        150,371   

Asahi Intecc Co., Ltd.

    2,500        114,649   

Asahi Kogyosha Co., Ltd.

    16,000        58,601   

Asahi Net, Inc.

    5,000        23,443   

Asahi Organic Chemicals Industry Co., Ltd. (d)

    40,000        97,402   

Asahi Printing Co., Ltd.

    200        4,198   

Asahipen Corp.

    4,000        5,910   

Asanuma Corp. (a)

    29,000        45,097   

Asatsu-DK, Inc.

    10,400        261,045   

Asax Co., Ltd.

    1,800        21,744   

Ashimori Industry Co., Ltd. (a)

    33,000        62,133   

ASKA Pharmaceutical Co., Ltd.

    9,700        124,915   

ASKUL Corp. (d)

    6,300        132,241   

Asunaro Aoki Construction Co., Ltd.

    8,000        60,749   

Atom Corp. (d)

    2,100        11,320   

Atsugi Co., Ltd.

    88,000        90,714   

Autobacs Seven Co., Ltd. (d)

    18,700        290,648   

Japan—(Continued)

   

Avex Group Holdings, Inc. (d)

    10,200      155,045   

Awa Bank, Ltd. (The) (d)

    79,000        455,493   

Axell Corp.

    3,800        58,725   

Axial Retailing, Inc.

    6,200        118,044   

Azbil Corp.

    7,100        174,187   

Bando Chemical Industries, Ltd.

    47,000        184,287   

Bank of Iwate, Ltd. (The)

    7,800        343,899   

Bank of Kochi, Ltd. (The)

    16,000        20,722   

Bank of Nagoya, Ltd. (The)

    81,000        309,631   

Bank of Okinawa, Ltd. (The)

    9,600        422,083   

Bank of Saga, Ltd. (The)

    82,000        188,208   

Bank of the Ryukyus, Ltd. (d)

    16,500        261,448   

Belc Co., Ltd.

    6,200        170,826   

Belluna Co., Ltd.

    21,900        96,249   

Benefit One, Inc.

    7,300        68,065   

Best Denki Co., Ltd.

    50,400        63,444   

Bic Camera, Inc. (d)

    17,800        167,906   

Bit-isle, Inc. (d)

    6,600        36,191   

BML, Inc.

    3,400        107,329   

Bookoff Corp.

    4,700        35,918   

BP Castrol KK

    2,600        25,697   

Bull-Dog Sauce Co., Ltd.

    6,000        10,454   

Bunka Shutter Co., Ltd.

    19,000        169,368   

C Uyemura & Co., Ltd.

    3,400        175,312   

CAC Holdings Corp.

    6,200        74,515   

Calsonic Kansei Corp.

    52,000        283,949   

Can Do Co., Ltd.

    3,500        53,792   

Canon Electronics, Inc.

    6,600        121,855   

Capcom Co., Ltd. (d)

    13,000        203,526   

Carchs Holdings Co., Ltd. (a)

    1,330        7,861   

Carlit Holdings Co., Ltd.

    7,300        38,788   

Cawachi, Ltd.

    5,000        85,493   

Central Glass Co., Ltd.

    64,000        226,788   

Central Security Patrols Co., Ltd.

    3,300        36,661   

Central Sports Co., Ltd. (d)

    3,200        51,087   

CFS Corp.

    4,400        24,891   

Chiba Kogyo Bank, Ltd. (The)

    17,400        125,262   

CHIMNEY Co., Ltd.

    1,400        29,971   

Chino Corp.

    4,000        46,477   

Chiyoda Co., Ltd.

    10,000        202,124   

Chiyoda Integre Co., Ltd. (d)

    4,400        60,665   

Chofu Seisakusho Co., Ltd. (d)

    5,700        155,226   

Chori Co., Ltd.

    7,000        91,301   

Chubu Shiryo Co., Ltd.

    14,400        89,488   

Chudenko Corp.

    8,600        140,366   

Chuetsu Pulp & Paper Co., Ltd.

    49,000        81,238   

Chugai Mining Co., Ltd. (a)

    68,200        18,656   

Chugai Ro Co., Ltd.

    42,000        87,738   

Chugoku Marine Paints, Ltd.

    22,000        165,640   

Chukyo Bank, Ltd. (The)

    64,000        114,967   

Chuo Gyorui Co., Ltd.

    2,000        4,516   

Chuo Spring Co., Ltd.

    19,000        55,718   

CKD Corp.

    15,300        139,064   

Clarion Co., Ltd. (a) (d)

    38,000        165,983   

Cleanup Corp.

    7,900        68,409   

CMIC Holdings Co., Ltd. (d)

    3,900        70,040   

CMK Corp. (a)

    21,300        56,372   

 

MSF-83


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Cocokara fine, Inc.

    5,700      $ 149,095   

Colowide Co., Ltd. (d)

    10,500        123,601   

Computer Engineering & Consulting, Ltd.

    5,300        51,893   

Computer Institute of Japan, Ltd.

    2,000        9,015   

CONEXIO Corp.

    8,400        83,375   

COOKPAD, Inc. (d)

    3,200        103,137   

Core Corp.

    3,000        24,919   

Corona Corp.

    8,500        90,167   

Cosel Co., Ltd.

    9,900        117,227   

Cosmo Oil Co., Ltd.

    157,000        264,953   

Cosmos Initia Co., Ltd. (a) (d)

    3,500        16,768   

Create Medic Co., Ltd.

    1,800        16,758   

CREATE SD HOLDINGS Co., Ltd.

    5,400        189,492   

CROOZ, Inc. (d)

    1,400        31,121   

Cross Plus, Inc.

    1,100        7,995   

CTI Engineering Co., Ltd.

    3,300        55,986   

Cybernet Systems Co., Ltd.

    3,900        18,418   

Cybozu, Inc.

    11,900        41,001   

DA Consortium, Inc. (d)

    7,600        31,602   

Dai Nippon Toryo Co., Ltd.

    53,000        76,892   

Dai-Dan Co., Ltd.

    17,000        96,700   

Dai-Ichi Kogyo Seiyaku Co., Ltd.

    14,000        56,466   

Dai-ichi Seiko Co., Ltd.

    4,000        75,881   

Daibiru Corp.

    15,500        178,099   

Daido Kogyo Co., Ltd.

    10,000        25,918   

Daido Metal Co., Ltd.

    9,000        116,723   

Daidoh, Ltd. (d)

    13,700        68,346   

Daiei, Inc. (The) (a) (d)

    129,400        148,275   

Daifuku Co., Ltd.

    26,000        306,008   

Daihatsu Diesel Manufacturing Co., Ltd.

    7,000        56,378   

Daihen Corp.

    31,000        120,224   

Daiho Corp. (d)

    19,000        89,354   

Daiichi Jitsugyo Co., Ltd.

    20,000        111,800   

Daiichi Kigenso Kagaku-Kogyo Co., Ltd. (d)

    1,000        38,318   

Daiichikosho Co., Ltd.

    7,600        204,428   

Daiken Corp.

    35,000        91,634   

Daiki Aluminium Industry Co., Ltd.

    16,000        46,730   

Daiko Clearing Services Corp.

    5,300        32,258   

Daikoku Denki Co., Ltd.

    2,700        47,546   

Daikokutenbussan Co., Ltd.

    1,900        56,750   

Daikyo, Inc.

    151,000        282,611   

Dainichi Co., Ltd. (d)

    4,100        29,316   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

    29,000        154,439   

Dainippon Screen Manufacturing Co., Ltd.

    57,000        290,266   

Daio Paper Corp. (d)

    26,000        220,552   

Daisan Bank, Ltd. (The)

    92,000        153,158   

Daiseki Co., Ltd.

    17,700        329,741   

Daiseki Eco. Solution Co., Ltd.

    1,000        18,817   

Daishi Bank, Ltd. (The)

    143,000        499,708   

Daishinku Corp.

    13,000        46,716   

Daiso Co., Ltd. (d)

    40,000        130,518   

Daisue Construction Co., Ltd. (a)

    2,300        20,997   

Daisyo Corp. (d)

    5,300        64,981   

Daito Bank, Ltd. (The)

    59,000        73,604   

Daito Electron Co., Ltd.

    800        3,786   

Daito Pharmaceutical Co., Ltd.

    3,600        66,804   

Japan—(Continued)

   

Daiwa Industries, Ltd.

    11,000      83,043   

Daiwabo Holdings Co., Ltd.

    88,000        169,689   

DC Co., Ltd.

    11,500        57,554   

DCM Holdings Co., Ltd.

    46,300        317,672   

Denki Kagaku Kogyo KK

    16,000        52,409   

Denki Kogyo Co., Ltd.

    21,000        120,137   

Denyo Co., Ltd.

    6,000        81,666   

Descente, Ltd.

    18,000        155,194   

DKK-Toa Corp.

    2,200        12,200   

DMG Mori Seiki Co., Ltd.

    34,300        437,721   

DMW Corp.

    700        11,258   

Doshisha Co., Ltd.

    9,600        164,422   

Doutor Nichires Holdings Co., Ltd.

    9,600        152,175   

Dr Ci:Labo Co., Ltd.

    4,200        137,493   

DTS Corp.

    6,400        134,031   

Dunlop Sports Co., Ltd.

    7,300        84,310   

Duskin Co., Ltd. (d)

    14,900        243,712   

Dwango Co., Ltd. (d)

    4,800        99,304   

Dydo Drinco, Inc.

    2,700        106,632   

Dynic Corp.

    16,000        25,600   

Eagle Industry Co., Ltd.

    6,300        128,096   

Ebara Jitsugyo Co., Ltd.

    4,600        60,504   

EDION Corp. (d)

    32,200        203,018   

Ehime Bank, Ltd. (The) (d)

    76,000        169,827   

Eidai Co., Ltd.

    10,000        43,965   

Eighteenth Bank, Ltd. (The)

    80,000        221,901   

Eiken Chemical Co., Ltd.

    6,100        104,154   

Eizo Corp. (d)

    6,300        145,167   

Elecom Co., Ltd.

    3,100        69,661   

Elematec Corp.

    5,000        95,440   

EM Systems Co., Ltd.

    100        1,650   

Emori Group Holdings Co., Ltd.

    2,500        45,342   

en-japan, Inc.

    3,400        65,856   

Endo Lighting Corp. (d)

    2,600        30,267   

Enplas Corp.

    2,200        112,420   

Enshu, Ltd. (a)

    23,000        27,284   

EPS Corp.

    14,000        181,288   

ESPEC Corp.

    11,400        108,767   

Excel Co., Ltd.

    5,000        102,771   

Exedy Corp.

    11,600        293,977   

Ezaki Glico Co., Ltd.

    7,500        259,368   

F T Communications Co., Ltd.

    500        10,418   

F-Tech, Inc.

    3,600        41,615   

F@N Communications, Inc. (d)

    7,000        80,113   

Faith, Inc.

    4,580        42,274   

FALCO SD HOLDINGS Co., Ltd.

    4,300        47,728   

Fancl Corp. (d)

    12,000        147,213   

FCC Co., Ltd. (d)

    11,200        182,198   

FDK Corp. (a)

    25,000        41,978   

Ferrotec Corp.

    7,900        46,618   

FIDEA Holdings Co., Ltd. (d)

    55,410        121,370   

Fields Corp.

    5,200        76,046   

Financial Products Group Co., Ltd.

    6,600        61,560   

First Juken Co., Ltd.

    3,400        43,282   

Foster Electric Co., Ltd.

    8,800        126,720   

FP Corp. (d)

    7,200        200,938   

France Bed Holdings Co., Ltd.

    65,000        112,053   

 

MSF-84


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Fudo Tetra Corp.

    45,900      $ 114,936   

Fuji Co., Ltd. (d)

    7,300        144,748   

Fuji Corp., Ltd. (d)

    8,600        47,931   

Fuji Electronics Co., Ltd.

    5,600        70,382   

Fuji Kiko Co., Ltd.

    13,000        67,801   

Fuji Kosan Co., Ltd.

    4,600        27,638   

Fuji Oil Co. Ltd.

    15,500        54,868   

Fuji Oil Co., Ltd.

    21,800        321,940   

Fuji Pharma Co., Ltd.

    2,000        37,018   

Fuji Seal International, Inc.

    6,400        201,219   

Fuji Soft, Inc.

    5,900        143,420   

Fujibo Holdings, Inc. (d)

    37,000        108,364   

Fujicco Co., Ltd.

    9,000        116,642   

Fujikura Kasei Co., Ltd.

    9,500        47,856   

Fujikura Rubber, Ltd.

    2,300        17,907   

Fujikura, Ltd.

    115,000        554,249   

Fujimi, Inc.

    7,000        98,568   

Fujimori Kogyo Co., Ltd.

    4,800        144,144   

Fujisash Co., Ltd. (a) (d)

    24,500        35,363   

Fujita Kanko, Inc.

    8,000        27,004   

Fujitec Co., Ltd. (d)

    20,000        218,131   

Fujitsu Frontech, Ltd.

    4,500        62,252   

Fujitsu General, Ltd.

    17,000        209,080   

Fujiya Co., Ltd. (d)

    51,000        91,525   

FuKoKu Co., Ltd.

    5,100        54,063   

Fukuda Corp.

    11,000        118,853   

Fukui Bank, Ltd. (The)

    128,000        307,088   

Fukushima Bank, Ltd. (The)

    143,000        112,028   

Fukushima Industries Corp.

    3,400        65,306   

Fukuyama Transporting Co., Ltd. (d)

    53,000        264,425   

Fumakilla, Ltd. (d)

    8,000        25,440   

Funai Electric Co., Ltd.

    7,900        81,025   

Funai Soken Holdings, Inc.

    7,800        71,930   

Furukawa Battery Co., Ltd. (d)

    5,000        53,542   

Furukawa Co., Ltd. (d)

    140,000        290,114   

Furukawa Electric Co., Ltd.

    191,000        383,437   

Furuno Electric Co., Ltd. (d)

    9,200        90,648   

Furusato Industries, Ltd.

    4,600        72,094   

Furuya Metal Co., Ltd.

    1,700        41,866   

Fuso Chemical Co., Ltd.

    4,000        42,553   

Fuso Pharmaceutical Industries, Ltd.

    41,000        121,903   

Futaba Corp.

    10,200        153,415   

Futaba Industrial Co., Ltd.

    18,800        109,312   

Future Architect, Inc.

    9,800        57,695   

Fuyo General Lease Co., Ltd. (d)

    8,000        312,114   

G-Tekt Corp.

    7,700        73,427   

Gakken Holdings Co., Ltd.

    28,000        70,709   

GCA Savvian Corp. (d)

    4,900        45,205   

Gecoss Corp.

    6,400        97,843   

Genki Sushi Co., Ltd.

    2,300        44,449   

Geo Holdings Corp. (d)

    12,600        108,472   

GLOBERIDE, Inc.

    35,000        44,236   

GLORY, Ltd.

    11,500        324,735   

GMO internet, Inc.

    18,000        156,731   

GMO Payment Gateway, Inc. (d)

    5,200        117,736   

Godo Steel, Ltd.

    72,000        105,036   

Goldcrest Co., Ltd. (d)

    6,030        110,033   

Japan—(Continued)

   

Goldwin, Inc.

    18,000      92,562   

Gourmet Kineya Co., Ltd. (d)

    8,000        63,236   

Grandy House Corp.

    3,600        10,507   

GSI Creos Corp.

    28,000        37,308   

Gulliver International Co., Ltd. (d)

    25,100        213,722   

Gun-Ei Chemical Industry Co., Ltd.

    24,000        80,319   

Gunze, Ltd.

    65,000        182,694   

Gurunavi, Inc. (d)

    8,400        116,052   

H-One Co., Ltd.

    6,000        41,289   

H2O Retailing Corp. (d)

    12,915        216,337   

Hagihara Industries, Inc.

    1,800        26,451   

Hakudo Co., Ltd.

    500        4,655   

Hakuto Co., Ltd.

    7,100        71,588   

Hakuyosha Co., Ltd.

    8,000        17,875   

Hamakyorex Co., Ltd.

    2,400        83,110   

Hanwa Co., Ltd.

    63,000        235,747   

Happinet Corp. (d)

    5,300        84,403   

Hard Off Corp. Co., Ltd.

    4,900        40,352   

Harima Chemicals Group, Inc.

    7,100        34,710   

Harmonic Drive Systems, Inc.

    1,800        26,565   

Haruyama Trading Co., Ltd.

    5,400        35,623   

Hazama Ando Corp.

    54,490        348,017   

Heiwa Corp.

    200        3,959   

Heiwa Real Estate Co., Ltd.

    12,300        193,121   

Heiwado Co., Ltd.

    11,200        188,322   

HI-LEX Corp.

    7,700        228,405   

Hibiya Engineering, Ltd. (d)

    10,000        144,382   

Hiday Hidaka Corp. (d)

    4,472        118,919   

Higashi Nihon House Co., Ltd. (d)

    15,000        72,648   

Higashi-Nippon Bank, Ltd. (The)

    71,000        180,332   

Higo Bank, Ltd. (The)

    83,000        456,630   

Himaraya Co., Ltd.

    3,100        29,071   

Hioki EE Corp.

    4,000        62,480   

Hiramatsu, Inc.

    8,300        48,138   

Hirano Tecseed Co., Ltd.

    500        4,360   

HIS Co., Ltd.

    7,800        208,073   

Hisaka Works, Ltd.

    12,000        113,197   

Hitachi Koki Co., Ltd.

    14,500        126,213   

Hitachi Kokusai Electric, Inc.

    16,000        224,938   

Hitachi Metals Techno, Ltd.

    2,000        23,849   

Hitachi Zosen Corp.

    48,200        284,598   

Hochiki Corp. (d)

    10,000        85,425   

Hodogaya Chemical Co., Ltd.

    28,000        49,191   

Hogy Medical Co., Ltd.

    6,000        318,214   

Hokkaido Gas Co., Ltd. (d)

    27,000        71,939   

Hokkan Holdings, Ltd.

    31,000        84,253   

Hokko Chemical Industry Co., Ltd.

    8,000        28,776   

Hokkoku Bank, Ltd. (The)

    109,000        370,948   

Hokuetsu Bank, Ltd. (The)

    96,000        183,895   

Hokuetsu Industries Co., Ltd. (d)

    4,000        40,940   

Hokuetsu Kishu Paper Co., Ltd. (d)

    33,000        135,066   

Hokuriku Electric Industry Co., Ltd.

    28,000        45,219   

Hokuriku Electrical Construction Co., Ltd.

    9,000        49,439   

Hokuriku Gas Co., Ltd.

    10,000        25,359   

Hokuto Corp.

    10,600        191,453   

Honeys Co., Ltd. (d)

    6,930        73,186   

Hoosiers Holdings Co., Ltd. (d)

    9,700        44,349   

 

MSF-85


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Horiba, Ltd.

    11,400      $ 413,346   

Hosiden Corp. (d)

    20,000        108,520   

Hosokawa Micron Corp.

    11,000        65,248   

House Foods Group, Inc. (d)

    4,000        69,321   

Howa Machinery, Ltd.

    5,700        40,914   

Hurxley Corp.

    800        6,566   

Hyakugo Bank, Ltd. (The)

    87,000        349,217   

Hyakujushi Bank, Ltd. (The)

    107,000        341,943   

I-Net Corp.

    3,200        25,335   

IBJ Leasing Co., Ltd.

    7,200        167,820   

Ichibanya Co., Ltd.

    2,400        116,442   

Ichikoh Industries, Ltd. (d)

    26,000        64,271   

ICHINEN HOLDINGS Co., Ltd.

    7,400        61,392   

Ichiyoshi Securities Co., Ltd.

    6,600        79,168   

Icom, Inc.

    3,800        95,242   

Idec Corp.

    11,300        94,426   

Ihara Chemical Industry Co., Ltd. (d)

    18,800        171,186   

Iino Kaiun Kaisha, Ltd. (d)

    32,200        183,352   

IJT Technology Holdings Co., Ltd. (a)

    9,000        42,631   

Ikegami Tsushinki Co., Ltd.

    30,000        34,829   

Ikyu Corp.

    3,400        46,667   

Imagica Robot Holdings, Inc.

    4,500        20,042   

Imasen Electric Industrial

    6,200        130,461   

Imperial Hotel, Ltd.

    1,300        28,251   

Inaba Denki Sangyo Co., Ltd.

    7,300        245,687   

Inaba Seisakusho Co., Ltd.

    2,100        25,481   

Inabata & Co., Ltd.

    18,300        184,505   

Inageya Co., Ltd. (d)

    12,200        131,737   

Ines Corp. (d)

    10,700        90,436   

Infocom Corp.

    6,200        51,438   

Information Services International-Dentsu, Ltd.

    6,000        64,846   

Innotech Corp.

    10,300        51,951   

Intage Holdings, Inc.

    8,000        100,625   

Internet Initiative Japan, Inc.

    9,800        196,910   

Inui Steamship Co., Ltd.

    13,300        42,571   

Inui Warehouse Co., Ltd.

    700        6,399   

Iriso Electronics Co., Ltd. (d)

    2,900        230,183   

Ise Chemical Corp.

    8,000        58,447   

Iseki & Co., Ltd.

    69,000        169,383   

Ishihara Sangyo Kaisha, Ltd. (a)

    119,000        97,432   

Ishii Iron Works Co., Ltd.

    9,000        20,137   

Ishizuka Glass Co., Ltd.

    5,000        9,056   

IT Holdings Corp.

    36,700        640,396   

Itfor, Inc.

    10,300        46,542   

Itochu Enex Co., Ltd.

    30,000        193,055   

Itochu-Shokuhin Co., Ltd. (d)

    2,600        85,960   

Itoham Foods, Inc.

    56,000        269,035   

Itoki Corp.

    14,100        86,329   

IwaiCosmo Holdings, Inc.

    7,900        78,855   

Iwaki & Co., Ltd.

    14,000        32,474   

Iwasaki Electric Co., Ltd.

    25,000        53,737   

Iwatani Corp. (d)

    51,000        354,695   

Iwatsuka Confectionery Co., Ltd.

    500        25,536   

Izutsuya Co., Ltd. (a)

    47,000        29,580   

J-Oil Mills, Inc.

    40,000        132,122   

Jalux, Inc.

    4,000        46,303   

Jamco Corp. (d)

    4,300        95,375   

Japan—(Continued)

   

Janome Sewing Machine Co., Ltd. (a) (d)

    58,000      92,843   

Japan Aviation Electronics Industry, Ltd.

    18,000        411,203   

Japan Communications, Inc. (a) (d)

    21,000        115,958   

Japan Digital Laboratory Co., Ltd.

    8,200        151,698   

Japan Drilling Co., Ltd. (d)

    1,700        76,087   

Japan Foundation Engineering Co., Ltd.

    14,100        51,596   

Japan Medical Dynamic Marketing, Inc.

    3,000        12,536   

Japan Oil Transportation Co., Ltd.

    1,000        2,117   

Japan Pulp & Paper Co., Ltd.

    51,000        153,500   

Japan Radio Co., Ltd. (a)

    16,000        55,633   

Japan Steel Works, Ltd. (The) (d)

    48,000        192,423   

Japan Transcity Corp.

    29,000        99,292   

Japan Vilene Co., Ltd.

    11,000        60,715   

Japan Wool Textile Co., Ltd. (The)

    27,000        186,693   

Jastec Co., Ltd.

    5,100        41,626   

JBCC Holdings, Inc.

    9,100        67,331   

JCU Corp.

    1,600        72,285   

Jeol, Ltd.

    26,000        122,300   

Jimoto Holdings, Inc.

    52,300        107,259   

Jin Co., Ltd. (d)

    3,300        89,113   

JK Holdings Co., Ltd.

    5,600        29,216   

JMS Co., Ltd. (d)

    15,000        40,668   

Joban Kosan Co., Ltd. (d)

    8,000        11,086   

Joshin Denki Co., Ltd.

    23,000        205,812   

Jowa Holdings Co., Ltd. (d)

    2,100        72,229   

JP-Holdings, Inc. (d)

    14,500        54,664   

JSP Corp.

    7,600        132,014   

Juki Corp. (a)

    34,000        119,550   

Juroku Bank, Ltd. (The)

    131,000        491,319   

Justsystems Corp. (a) (d)

    13,800        116,642   

JVC Kenwood Corp. (a) (d)

    53,300        132,848   

K&O Energy Group, Inc.

    8,000        104,204   

K’s Holdings Corp. (d)

    4,400        131,223   

kabu.com Securities Co., Ltd.

    20,600        100,784   

Kadokawa Corp. (d)

    6,600        158,087   

Kaga Electronics Co., Ltd.

    7,200        83,084   

Kagome Co., Ltd.

    1,400        22,153   

Kagoshima Bank, Ltd. (The)

    60,000        381,534   

Kaken Pharmaceutical Co., Ltd.

    21,000        474,238   

Kakiyasu Honten Co., Ltd. (d)

    4,600        68,629   

Kameda Seika Co., Ltd.

    6,500        194,892   

Kamei Corp.

    14,400        104,581   

Kanaden Corp.

    11,000        80,356   

Kanagawa Chuo Kotsu Co., Ltd.

    20,000        96,412   

Kanamoto Co., Ltd.

    8,000        295,570   

Kandenko Co., Ltd.

    34,000        171,307   

Kanematsu Corp.

    125,000        200,719   

Kanematsu Electronics, Ltd. (d)

    6,000        79,481   

Kanematsu-NNK Corp. (a)

    18,000        24,399   

Kanemi Co., Ltd.

    100        2,861   

Kansai Urban Banking Corp.

    8,600        98,556   

Kanto Denka Kogyo Co., Ltd. (a)

    3,000        11,841   

Kasai Kogyo Co., Ltd. (d)

    7,000        67,228   

Kasumi Co., Ltd.

    22,300        203,430   

Katakura Chikkarin Co., Ltd.

    8,000        19,279   

Katakura Industries Co., Ltd.

    9,200        114,628   

Kato Sangyo Co., Ltd.

    6,000        125,750   

 

MSF-86


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Kato Works Co., Ltd.

    16,000      $ 122,230   

KAWADA TECHNOLOGIES, Inc. (d)

    1,900        86,790   

Kawai Musical Instruments Manufacturing Co., Ltd.

    4,400        83,426   

Kawasaki Kinkai Kisen Kaisha, Ltd.

    7,000        21,852   

Kawasumi Laboratories, Inc.

    8,500        61,766   

Keihanshin Building Co., Ltd.

    14,500        78,835   

Keihin Co. Ltd/Minato-Ku Tokyo Japan

    31,000        48,816   

Keihin Corp.

    14,600        193,037   

Keiyo Bank, Ltd. (The)

    113,000        576,449   

Keiyo Co., Ltd. (d)

    17,200        78,118   

Kenko Mayonnaise Co., Ltd.

    5,900        61,931   

KEY Coffee, Inc.

    7,600        113,989   

KFC Holdings Japan, Ltd.

    4,000        78,567   

Kimoto Co., Ltd. (d)

    14,900        43,104   

King Jim Co., Ltd.

    5,800        41,383   

Kinki Sharyo Co., Ltd. (a)

    12,000        37,660   

Kintetsu World Express, Inc.

    4,600        175,424   

Kinugawa Rubber Industrial Co., Ltd.

    20,000        85,082   

Kissei Pharmaceutical Co., Ltd.

    8,100        203,274   

Kita-Nippon Bank, Ltd. (The)

    4,900        118,622   

Kitagawa Iron Works Co., Ltd.

    31,000        52,777   

Kitamura Co., Ltd.

    3,700        23,257   

Kitano Construction Corp.

    22,000        75,024   

Kito Corp. (d)

    8,200        102,876   

Kitz Corp.

    33,600        167,845   

Kiyo Bank, Ltd. (The)

    35,300        503,744   

KNT-CT Holdings Co., Ltd. (a)

    33,000        53,128   

Koa Corp.

    12,900        136,195   

Koatsu Gas Kogyo Co., Ltd.

    13,000        70,044   

Kobelco Eco-Solutions Co., Ltd. (d)

    8,000        53,319   

Koei Tecmo Holdings Co., Ltd.

    10,000        161,939   

Kohnan Shoji Co., Ltd. (d)

    13,000        144,531   

Kohsoku Corp.

    5,400        46,345   

Koike Sanso Kogyo Co., Ltd.

    7,000        17,163   

Kojima Co., Ltd. (d)

    12,000        33,632   

Kokusai Co., Ltd.

    3,400        58,949   

Kokuyo Co., Ltd.

    26,900        216,971   

KOMAIHALTEC, Inc.

    24,000        65,221   

Komatsu Seiren Co., Ltd. (d)

    19,000        98,856   

Komatsu Wall Industry Co., Ltd. (d)

    2,700        66,175   

Komeri Co., Ltd.

    10,500        238,884   

Komori Corp.

    20,000        243,065   

Konaka Co., Ltd.

    7,300        43,963   

Kondotec, Inc.

    9,400        62,989   

Konishi Co., Ltd.

    6,000        107,202   

Kosaido Co., Ltd.

    3,700        15,228   

Koshidaka Holdings Co., Ltd. (d)

    2,200        41,120   

Kotobuki Spirits Co., Ltd.

    2,600        52,216   

Kourakuen Corp.

    800        10,203   

Krosaki Harima Corp.

    24,000        54,215   

KRS Corp.

    3,700        46,943   

KU Holdings Co., Ltd.

    8,000        44,145   

Kumagai Gumi Co., Ltd. (a)

    40,000        147,540   

Kumiai Chemical Industry Co., Ltd.

    18,000        110,327   

Kura Corp.

    3,500        97,719   

Kurabo Industries, Ltd.

    93,000        157,379   

Kureha Corp.

    42,000        206,972   

Japan—(Continued)

   

Kurimoto, Ltd.

    35,000      76,012   

Kuroda Electric Co., Ltd. (d)

    11,600        170,333   

Kusuri No. Aoki Co., Ltd.

    2,600        111,472   

KYB Co., Ltd.

    64,000        287,927   

Kyodo Printing Co., Ltd.

    51,000        182,734   

Kyodo Shiryo Co., Ltd.

    41,000        37,503   

Kyoei Steel, Ltd. (d)

    4,700        87,349   

Kyoei Tanker Co., Ltd.

    9,000        17,597   

Kyokuto Boeki Kaisha, Ltd.

    9,000        21,925   

Kyokuto Kaihatsu Kogyo Co., Ltd.

    10,300        149,226   

Kyokuto Securities Co., Ltd.

    6,600        108,123   

Kyokuyo Co., Ltd.

    35,000        82,999   

KYORIN Holdings, Inc.

    14,800        300,886   

Kyoritsu Maintenance Co., Ltd. (d)

    3,300        133,922   

Kyoritsu Printing Co., Ltd.

    6,800        18,386   

Kyosan Electric Manufacturing Co., Ltd.

    31,000        99,381   

Kyoto Kimono Yuzen Co., Ltd.

    7,300        66,593   

Kyowa Electronics Instruments Co., Ltd.

    8,000        36,604   

Kyowa Exeo Corp.

    26,700        347,211   

Kyowa Leather Cloth Co., Ltd.

    3,300        23,594   

Kyudenko Corp.

    10,000        118,260   

LAC Co., Ltd.

    5,900        56,028   

Land Business Co., Ltd. (d)

    7,100        26,977   

Lasertec Corp.

    3,200        39,054   

LEC, Inc.

    4,400        45,228   

Leopalace21 Corp. (a)

    68,200        374,878   

Life Corp.

    15,500        245,408   

Lintec Corp.

    16,400        345,976   

Lion Corp.

    65,000        349,091   

Livesense, Inc. (a) (d)

    3,500        28,059   

Look, Inc.

    11,000        25,290   

Macnica, Inc.

    4,300        137,294   

Maeda Corp.

    40,000        319,952   

Maeda Kosen Co., Ltd. (d)

    3,700        45,934   

Maeda Road Construction Co., Ltd.

    21,000        326,262   

Maezawa Kasei Industries Co., Ltd.

    6,800        72,870   

Maezawa Kyuso Industries Co., Ltd.

    5,600        68,183   

Makino Milling Machine Co., Ltd. (d)

    34,000        251,757   

Mamiya-Op Co., Ltd.

    19,000        42,121   

Mandom Corp.

    5,900        203,483   

Mani, Inc.

    2,500        150,084   

Mars Engineering Corp.

    3,600        63,574   

Marubun Corp.

    8,200        53,768   

Marudai Food Co., Ltd.

    60,000        224,359   

Maruei Department Store Co., Ltd. (a)

    8,000        11,095   

Maruetsu, Inc. (The)

    24,000        114,268   

Marufuji Sheet Piling Co., Ltd.

    13,000        47,577   

Maruha Nichiro Corp.

    21,200        315,989   

Maruka Machinery Co., Ltd.

    2,900        38,263   

Marukyu Co., Ltd.

    1,300        12,062   

Marusan Securities Co., Ltd. (d)

    24,700        177,844   

Maruwa Co., Ltd. (d)

    3,200        100,315   

Maruyama Manufacturing Co., Inc.

    15,000        35,050   

Maruzen CHI Holdings Co., Ltd. (a)

    18,800        63,306   

Maruzen Showa Unyu Co., Ltd.

    35,000        110,476   

Marvelous, Inc. (d)

    8,600        100,027   

Matsuda Sangyo Co., Ltd.

    7,000        81,990   

 

MSF-87


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Matsui Construction Co., Ltd.

    9,000      $ 43,599   

Matsumotokiyoshi Holdings Co., Ltd.

    12,500        369,201   

Matsuya Foods Co., Ltd. (d)

    3,100        60,131   

Max Co., Ltd.

    22,000        252,913   

Maxvalu Nishinihon Co., Ltd.

    2,400        31,366   

Maxvalu Tokai Co., Ltd. (d)

    5,000        68,527   

MEC Co., Ltd.

    5,800        63,768   

Medical System Network Co., Ltd. (d)

    7,900        25,366   

Megachips Corp.

    5,600        74,755   

Megmilk Snow Brand Co., Ltd. (d)

    14,400        188,753   

Meidensha Corp.

    49,000        193,600   

Meiji Shipping Co., Ltd.

    8,500        31,066   

Meiko Electronics Co., Ltd.

    7,500        30,482   

Meiko Network Japan Co., Ltd. (d)

    7,200        79,125   

Meisei Industrial Co., Ltd.

    17,000        106,094   

Meitec Corp.

    8,600        255,806   

Meito Sangyo Co., Ltd.

    4,500        49,275   

Meito Transportation Co., Ltd.

    2,800        17,262   

Meiwa Corp.

    10,900        44,334   

Meiwa Estate Co., Ltd.

    5,200        24,426   

Melco Holdings, Inc. (d)

    3,900        74,583   

Message Co., Ltd.

    4,400        150,726   

Michinoku Bank, Ltd. (The)

    69,000        134,048   

Micronics Japan Co., Ltd. (d)

    4,300        243,789   

Mie Bank, Ltd. (The)

    54,000        125,608   

Mikuni Corp.

    3,000        12,083   

Milbon Co., Ltd.

    5,960        197,881   

Mimasu Semiconductor Industry Co., Ltd.

    8,200        73,536   

Minato Bank, Ltd. (The)

    56,000        110,647   

Ministop Co., Ltd. (d)

    9,100        126,862   

Miraial Co., Ltd. (d)

    2,900        47,833   

Mirait Holdings Corp.

    21,400        246,496   

Miroku Jyoho Service Co., Ltd.

    7,000        38,065   

Misawa Homes Co., Ltd.

    8,800        89,445   

Mitani Corp.

    9,100        222,089   

Mitani Sekisan Co., Ltd.

    4,100        74,831   

Mito Securities Co., Ltd.

    24,000        87,438   

Mitsuba Corp.

    16,500        288,409   

Mitsubishi Kakoki Kaisha, Ltd. (a) (d)

    20,000        83,248   

Mitsubishi Nichiyu Forklift Co., Ltd.

    8,000        61,251   

Mitsubishi Paper Mills, Ltd. (a)

    144,000        116,706   

Mitsubishi Pencil Co., Ltd.

    8,700        280,161   

Mitsubishi Research Institute, Inc.

    3,300        82,465   

Mitsubishi Shokuhin Co., Ltd.

    4,800        109,298   

Mitsubishi Steel Manufacturing Co., Ltd. (d)

    58,000        128,017   

Mitsuboshi Belting Co., Ltd.

    31,000        203,222   

Mitsui Engineering & Shipbuilding Co., Ltd.

    189,000        427,137   

Mitsui High-Tec, Inc.

    8,400        54,486   

Mitsui Home Co., Ltd.

    17,000        76,098   

Mitsui Knowledge Industry Co., Ltd. (d)

    33,800        78,671   

Mitsui Matsushima Co., Ltd. (d)

    66,000        83,088   

Mitsui Mining & Smelting Co., Ltd.

    192,000        511,952   

Mitsui Sugar Co., Ltd.

    30,000        100,385   

Mitsui-Soko Co., Ltd.

    17,000        62,977   

Mitsumi Electric Co., Ltd. (d)

    33,000        238,579   

Mitsumura Printing Co., Ltd.

    5,000        11,893   

Mitsuuroko Holdings Co., Ltd.

    15,300        76,240   

Japan—(Continued)

   

Miura Co., Ltd. (d)

    23,700      278,099   

Miyaji Engineering Group, Inc. (d)

    27,000        55,460   

Miyazaki Bank, Ltd. (The)

    86,000        263,945   

Miyoshi Oil & Fat Co., Ltd.

    40,000        50,243   

Mizuno Corp.

    34,000        180,193   

Mochida Pharmaceutical Co., Ltd.

    3,300        222,737   

Monex Group, Inc.

    49,600        129,467   

Money Partners Group Co., Ltd.

    11,900        42,370   

Monogatari Corp. (The) (d)

    900        28,046   

MonotaRO Co., Ltd. (d)

    3,000        74,945   

MORESCO Corp.

    700        11,840   

Morinaga & Co., Ltd.

    83,000        179,601   

Morinaga Milk Industry Co., Ltd.

    64,000        206,282   

Morita Holdings Corp.

    20,000        208,686   

Morozoff, Ltd.

    13,000        42,505   

Mory Industries, Inc.

    18,000        72,285   

MOS Food Services, Inc. (d)

    1,400        27,917   

Moshi Moshi Hotline, Inc.

    12,200        115,751   

Mr Max Corp.

    10,500        31,106   

MTI, Ltd.

    4,200        41,084   

Murakami Corp.

    3,000        41,471   

Musashi Seimitsu Industry Co., Ltd.

    6,700        132,945   

Musashino Bank, Ltd. (The)

    12,100        401,947   

Mutoh Holdings Co., Ltd.

    7,000        32,838   

NAC Co., Ltd.

    3,600        42,319   

Nachi-Fujikoshi Corp.

    47,000        344,019   

Nafco Co., Ltd.

    1,400        22,241   

Nagaileben Co., Ltd.

    5,600        108,590   

Nagano Bank, Ltd. (The)

    49,000        85,025   

Nagano Keiki Co., Ltd.

    4,200        26,661   

Nagatanien Co., Ltd.

    14,000        137,564   

Nagawa Co., Ltd. (d)

    3,400        75,974   

Nakabayashi Co., Ltd.

    24,000        45,454   

Nakamuraya Co., Ltd.

    26,000        102,044   

Nakanishi, Inc.

    1,000        36,855   

Nakano Corp.

    4,000        14,184   

Nakayama Steel Works, Ltd. (a)

    63,000        48,636   

Nakayamafuku Co., Ltd.

    2,000        14,567   

Namura Shipbuilding Co., Ltd. (d)

    12,300        132,588   

Nanto Bank, Ltd. (The)

    92,000        371,889   

Natori Co., Ltd.

    2,600        26,957   

NDS Co., Ltd.

    27,000        76,085   

NEC Capital Solutions, Ltd.

    5,500        108,664   

NEC Networks & System Integration Corp.

    8,000        180,875   

NET One Systems Co., Ltd. (d)

    30,300        174,941   

Neturen Co., Ltd.

    8,500        63,207   

New Japan Chemical Co., Ltd. (a) (d)

    9,900        21,321   

New Japan Radio Co., Ltd. (a)

    6,000        24,594   

Next Co., Ltd. (d)

    7,200        48,817   

Nexyz Corp.

    1,300        7,923   

Nice Holdings, Inc. (d)

    40,000        79,364   

Nichi-iko Pharmaceutical Co., Ltd.

    13,200        213,683   

Nichia Steel Works, Ltd.

    13,000        39,732   

Nichias Corp. (d)

    29,000        191,180   

Nichiban Co., Ltd.

    14,000        49,545   

Nichicon Corp.

    21,700        156,036   

Nichiden Corp.

    4,000        84,503   

 

MSF-88


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Nichiha Corp.

    7,500      $ 74,786   

Nichii Gakkan Co.

    15,200        120,273   

Nichimo Co., Ltd.

    16,000        27,306   

Nichirei Corp.

    73,000        306,423   

Nichireki Co., Ltd.

    9,000        75,464   

Nidec Copal Electronics Corp.

    11,200        104,567   

Nifco, Inc.

    15,300        471,220   

NIFTY Corp.

    4,500        60,155   

Nihon Chouzai Co., Ltd.

    80        2,189   

Nihon Dempa Kogyo Co., Ltd.

    7,600        61,612   

Nihon Eslead Corp. (d)

    2,700        24,549   

Nihon Kagaku Sangyo Co., Ltd.

    3,000        20,378   

Nihon M&A Center, Inc.

    9,500        276,151   

Nihon Nohyaku Co., Ltd.

    14,000        137,366   

Nihon Parkerizing Co., Ltd.

    15,800        360,903   

Nihon Plast Co., Ltd.

    2,500        17,834   

Nihon Shokuhin Kako Co., Ltd.

    3,000        9,764   

Nihon Tokushu Toryo Co., Ltd.

    2,200        13,987   

Nihon Trim Co., Ltd.

    1,500        41,041   

Nihon Unisys, Ltd.

    13,300        120,383   

Nihon Yamamura Glass Co., Ltd.

    54,000        86,016   

Nikkato Corp.

    300        1,118   

Nikkiso Co., Ltd.

    17,000        187,538   

Nikko Co., Ltd.

    17,000        72,412   

Nippon Air Conditioning Service Co., Ltd.

    6,000        45,306   

Nippon Beet Sugar Manufacturing Co., Ltd.

    61,000        107,169   

Nippon Carbide Industries Co., Inc. (d)

    23,000        51,406   

Nippon Carbon Co., Ltd.

    48,000        83,214   

Nippon Ceramic Co., Ltd. (d)

    5,200        77,642   

Nippon Chemi-Con Corp. (a)

    56,000        170,795   

Nippon Chemical Industrial Co., Ltd. (a)

    43,000        61,994   

Nippon Chemiphar Co., Ltd.

    14,000        74,332   

Nippon Chutetsukan KK

    2,000        4,617   

Nippon Coke & Engineering Co., Ltd.

    71,000        73,843   

Nippon Concrete Industries Co., Ltd. (d)

    14,000        83,712   

Nippon Conveyor Co., Ltd. (d)

    24,000        58,636   

Nippon Denko Co., Ltd.

    48,765        121,267   

Nippon Densetsu Kogyo Co., Ltd.

    12,000        192,393   

Nippon Felt Co., Ltd.

    8,600        37,735   

Nippon Filcon Co., Ltd.

    5,200        22,771   

Nippon Fine Chemical Co., Ltd.

    5,800        42,226   

Nippon Flour Mills Co., Ltd.

    40,000        193,855   

Nippon Formula Feed Manufacturing Co., Ltd.

    29,000        30,144   

Nippon Gas Co., Ltd.

    14,200        336,444   

Nippon Hume Corp.

    7,000        58,707   

Nippon Jogesuido Sekkei Co., Ltd. (d)

    3,300        43,579   

Nippon Kanzai Co., Ltd.

    3,300        87,312   

Nippon Kasei Chemical Co., Ltd.

    18,000        23,755   

Nippon Kinzoku Co., Ltd. (a)

    29,000        42,699   

Nippon Kodoshi Corp.

    700        8,370   

Nippon Koei Co., Ltd.

    31,000        126,372   

Nippon Konpo Unyu Soko Co., Ltd.

    22,600        379,056   

Nippon Koshuha Steel Co., Ltd. (a)

    47,000        47,698   

Nippon Light Metal Holdings Co., Ltd.

    165,300        238,308   

Nippon Parking Development Co., Ltd.

    52,100        58,699   

Nippon Pillar Packing Co., Ltd.

    11,300        95,060   

Nippon Piston Ring Co., Ltd.

    32,000        74,554   

Japan—(Continued)

   

Nippon Rietec Co., Ltd.

    7,000      52,009   

Nippon Road Co., Ltd. (The)

    22,000        122,621   

Nippon Seiki Co., Ltd.

    15,000        340,779   

Nippon Seiro Co., Ltd.

    2,000        4,724   

Nippon Seisen Co., Ltd. (d)

    10,000        63,644   

Nippon Sharyo, Ltd. (d)

    22,000        79,073   

Nippon Sheet Glass Co., Ltd. (a) (d)

    284,000        310,427   

Nippon Shinyaku Co., Ltd.

    13,000        393,590   

Nippon Signal Co., Ltd.

    20,700        212,354   

Nippon Soda Co., Ltd.

    43,000        219,758   

Nippon Steel & Sumikin Bussan Corp.

    42,960        165,834   

Nippon Steel & Sumikin Texeng

    13,000        69,822   

Nippon Suisan Kaisha, Ltd. (a)

    82,900        218,626   

Nippon Synthetic Chemical Industry Co.,
Ltd. (The)

    14,000        100,694   

Nippon Thompson Co., Ltd.

    27,000        139,669   

Nippon Valqua Industries, Ltd.

    47,000        134,762   

Nippon Yakin Kogyo Co., Ltd. (a) (d)

    37,800        95,508   

Nipro Corp. (d)

    38,800        322,410   

Nishi-Nippon Railroad Co., Ltd.

    26,000        98,192   

Nishikawa Rubber Co., Ltd.

    1,200        20,854   

Nishimatsu Construction Co., Ltd.

    91,000        408,688   

Nishimatsuya Chain Co., Ltd. (d)

    16,100        125,785   

Nishio Rent All Co., Ltd.

    4,400        169,563   

Nissan Tokyo Sales Holdings Co., Ltd.

    11,000        30,244   

Nissei ASB Machine Co., Ltd.

    2,100        41,721   

Nissei Build Kogyo Co., Ltd.

    12,000        29,918   

Nissei Corp.

    3,700        32,503   

Nissei Plastic Industrial Co., Ltd.

    7,100        59,393   

Nissha Printing Co., Ltd. (d)

    4,700        69,299   

Nisshin Fudosan Co.

    18,400        78,221   

Nisshin Oillio Group, Ltd. (The) (d)

    48,000        161,327   

Nisshin Steel Holdings Co., Ltd. (d)

    25,696        234,592   

Nisshinbo Holdings, Inc.

    47,000        395,116   

Nissin Corp.

    27,000        70,748   

Nissin Electric Co., Ltd.

    18,000        107,078   

Nissin Kogyo Co., Ltd.

    16,400        269,774   

Nissui Pharmaceutical Co., Ltd.

    6,000        69,985   

Nitta Corp.

    6,800        164,830   

Nitta Gelatin, Inc.

    1,400        11,376   

Nittan Valve Co., Ltd.

    6,300        19,596   

Nittetsu Mining Co., Ltd.

    25,000        102,177   

Nitto Boseki Co., Ltd.

    49,000        188,782   

Nitto FC Co., Ltd.

    4,500        27,298   

Nitto Fuji Flour Milling Co., Ltd.

    4,000        11,481   

Nitto Kogyo Corp.

    7,600        152,729   

Nitto Kohki Co., Ltd.

    4,700        91,051   

Nitto Seiko Co., Ltd.

    15,000        52,838   

Nittoc Construction Co., Ltd.

    13,550        67,225   

Nittoku Engineering Co., Ltd.

    7,100        82,908   

Noevir Holdings Co., Ltd.

    4,800        90,814   

NOF Corp.

    43,000        268,298   

Nohmi Bosai, Ltd.

    7,000        109,557   

Nomura Co., Ltd.

    21,000        195,149   

Noritake Co., Ltd.

    71,000        172,947   

Noritsu Koki Co., Ltd.

    4,000        23,520   

Noritz Corp.

    8,600        152,025   

North Pacific Bank, Ltd.

    117,800        464,358   

 

MSF-89


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

NS Solutions Corp.

    5,100      $ 151,654   

NS United Kaiun Kaisha, Ltd.

    41,000        101,091   

NSD Co., Ltd.

    9,700        152,500   

Nuflare Technology, Inc.

    800        39,932   

Obara Group, Inc.

    5,600        205,411   

Obayashi Road Corp.

    10,000        61,751   

Odelic Co., Ltd.

    1,000        26,091   

Oenon Holdings, Inc.

    21,000        47,013   

Ogaki Kyoritsu Bank, Ltd. (The)

    154,000        417,249   

Ohara, Inc.

    4,700        26,193   

Ohashi Technica, Inc.

    4,600        53,341   

Ohsho Food Service Corp.

    3,600        139,215   

Oiles Corp.

    9,600        184,795   

Oita Bank, Ltd. (The)

    82,000        308,968   

Oizumi Corp.

    2,900        30,448   

Okabe Co., Ltd.

    19,000        207,784   

Okamoto Industries, Inc.

    40,000        151,782   

Okamoto Machine Tool Works, Ltd. (a)

    14,000        19,600   

Okamura Corp.

    20,000        151,499   

Okaya Electric Industries Co., Ltd.

    8,900        31,664   

Oki Electric Industry Co., Ltd.

    227,000        530,557   

Okinawa Cellular Telephone Co.

    5,300        142,500   

Okinawa Electric Power Co., Inc. (The)

    6,500        201,307   

OKK Corp.

    41,000        60,729   

OKUMA Corp. (d)

    48,000        382,013   

Okumura Corp.

    63,000        367,911   

Okura Industrial Co., Ltd.

    30,000        107,003   

Okuwa Co., Ltd.

    11,000        98,980   

Olympic Corp.

    7,800        74,898   

ONO Sokki Co., Ltd.

    5,500        47,368   

Onoken Co., Ltd.

    7,400        83,304   

Onward Holdings Co., Ltd.

    44,000        274,671   

OPT, Inc.

    4,700        32,893   

Optex Co., Ltd.

    5,200        93,998   

Organo Corp.

    18,000        82,420   

Origin Electric Co., Ltd.

    19,000        71,334   

Osaka Organic Chemical Industry, Ltd.

    8,500        37,446   

Osaka Steel Co., Ltd.

    7,500        145,204   

OSAKA Titanium Technologies Co., Ltd. (d)

    5,200        117,606   

Osaki Electric Co., Ltd. (d)

    11,000        64,225   

OSG Corp.

    21,100        365,746   

Otsuka Kagu, Ltd.

    5,500        56,074   

OUG Holdings, Inc.

    7,000        14,629   

Outsourcing, Inc.

    2,400        37,009   

Oyo Corp.

    7,400        125,997   

Pacific Industrial Co., Ltd.

    17,200        130,065   

Pacific Metals Co., Ltd. (a) (d)

    49,000        170,528   

Pack Corp. (The)

    7,000        146,238   

Pal Co., Ltd.

    5,300        144,034   

Paltac Corp.

    11,650        142,308   

PanaHome Corp.

    37,000        257,239   

Panasonic Industrial Devices SUNX Co., Ltd.

    11,200        57,223   

Panasonic Information Systems

    1,700        46,751   

Paramount Bed Holdings Co., Ltd.

    6,000        172,172   

Parco Co., Ltd.

    11,200        90,805   

Paris Miki Holdings, Inc.

    17,000        75,990   

Pasco Corp.

    11,000        42,335   

Japan—(Continued)

   

Pasona Group, Inc.

    3,700      20,235   

Penta-Ocean Construction Co., Ltd. (d)

    87,800        296,215   

Pilot Corp.

    4,900        279,547   

Piolax, Inc.

    4,200        196,574   

Pioneer Corp. (a)

    82,400        226,461   

Plenus Co., Ltd.

    6,200        142,289   

Press Kogyo Co., Ltd.

    33,000        136,123   

Pressance Corp.

    2,600        72,495   

Prestige International, Inc.

    6,700        56,710   

Prima Meat Packers, Ltd.

    48,000        119,650   

Pronexus, Inc.

    12,300        86,583   

Proto Corp.

    6,400        93,209   

Qol Co., Ltd.

    4,700        27,969   

Raito Kogyo Co., Ltd.

    15,800        146,626   

Rasa Industries, Ltd. (a)

    26,000        34,510   

Relo Holdings, Inc.

    3,000        207,463   

Renaissance, Inc.

    5,100        44,270   

Rengo Co., Ltd. (d)

    72,000        323,754   

Renown, Inc. (a)

    29,200        31,631   

Resort Solution Co., Ltd.

    4,000        8,208   

Resorttrust, Inc.

    28,400        634,573   

Rheon Automatic Machinery Co., Ltd. (d)

    5,000        22,623   

Rhythm Watch Co., Ltd.

    30,000        45,594   

Riberesute Corp.

    4,300        26,743   

Ricoh Leasing Co., Ltd.

    5,400        150,801   

Right On Co., Ltd. (d)

    5,900        38,420   

Riken Corp.

    35,000        148,216   

Riken Keiki Co., Ltd.

    7,100        71,439   

Riken Technos Corp.

    15,000        69,165   

Riken Vitamin Co., Ltd.

    4,800        117,282   

Ringer Hut Co., Ltd. (d)

    1,800        27,622   

Rion Co., Ltd.

    2,200        28,504   

Riso Kagaku Corp.

    6,879        223,101   

Riso Kyoiku Co., Ltd. (a) (d)

    11,590        24,064   

Rock Field Co., Ltd.

    4,400        77,888   

Rohto Pharmaceutical Co., Ltd.

    7,200        96,821   

Rokko Butter Co., Ltd. (d)

    5,500        55,547   

Roland DG Corp.

    3,000        123,481   

Round One Corp.

    23,500        141,147   

Royal Holdings Co., Ltd.

    9,500        153,387   

Ryobi, Ltd.

    44,000        128,209   

Ryoden Trading Co., Ltd.

    18,000        134,841   

Ryosan Co., Ltd.

    14,000        301,443   

Ryoyo Electro Corp.

    8,600        88,304   

S Foods, Inc.

    5,800        97,765   

S&B Foods, Inc.

    600        22,269   

Saibu Gas Co., Ltd.

    148,000        352,363   

Saizeriya Co., Ltd. (d)

    16,200        217,045   

Sakai Chemical Industry Co., Ltd.

    51,000        164,748   

Sakai Heavy Industries, Ltd.

    12,000        32,871   

Sakai Moving Service Co., Ltd.

    1,300        45,263   

Sakai Ovex Co., Ltd.

    16,000        24,668   

Sakata INX Corp.

    15,300        152,298   

Sakata Seed Corp.

    11,800        150,344   

Sala Corp.

    12,900        73,960   

San Holdings, Inc.

    2,700        38,902   

San-A Co., Ltd.

    8,800        293,406   

 

MSF-90


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

San-Ai Oil Co., Ltd.

    19,000      $ 131,907   

San-In Godo Bank, Ltd. (The)

    57,000        402,442   

Sanden Corp.

    53,000        314,408   

Sanei Architecture Planning Co., Ltd.

    4,300        34,357   

Sangetsu Co., Ltd.

    10,600        267,200   

Sanix, Inc. (a) (d)

    6,500        42,286   

Sanken Electric Co., Ltd. (d)

    33,000        277,970   

Sanki Engineering Co., Ltd. (d)

    25,000        185,845   

Sanko Marketing Foods Co., Ltd.

    3,100        25,985   

Sanko Metal Industrial Co., Ltd.

    10,000        25,010   

Sankyo Seiko Co., Ltd.

    22,100        81,929   

Sankyo Tateyama, Inc.

    8,200        159,283   

Sankyu, Inc.

    85,000        452,702   

Sanoh Industrial Co., Ltd.

    10,100        69,101   

Sanshin Electronics Co., Ltd.

    13,900        103,330   

Sanwa Holdings Corp.

    64,000        456,193   

Sanyo Chemical Industries, Ltd.

    17,000        104,678   

Sanyo Denki Co., Ltd.

    16,000        133,938   

Sanyo Electric Railway Co., Ltd.

    13,000        55,368   

Sanyo Housing Nagoya Co., Ltd. (d)

    3,000        34,090   

Sanyo Industries, Ltd.

    13,000        26,193   

Sanyo Shokai, Ltd.

    73,000        160,143   

Sanyo Special Steel Co., Ltd.

    36,000        132,559   

Sapporo Holdings, Ltd.

    101,000        387,786   

Sasebo Heavy Industries Co., Ltd. (a) (d)

    52,000        71,673   

Sata Construction Co., Ltd.

    13,000        17,146   

Sato Holdings Corp.

    5,700        160,266   

Sato Shoji Corp.

    6,500        42,982   

Satori Electric Co., Ltd.

    7,100        47,211   

Sawada Holdings Co., Ltd. (d)

    10,300        69,255   

Saxa Holdings, Inc.

    24,000        36,901   

SBS Holdings, Inc.

    6,900        68,896   

Scroll Corp.

    15,700        41,956   

SEC Carbon, Ltd.

    7,000        19,434   

Secom Joshinetsu Co., Ltd.

    900        23,350   

Seibu Electric Industry Co., Ltd.

    12,000        54,652   

Seika Corp.

    28,000        68,287   

Seikagaku Corp. (d)

    10,900        164,319   

Seikitokyu Kogyo Co., Ltd.

    7,600        41,950   

Seiko Holdings Corp.

    44,000        192,771   

Seiren Co., Ltd.

    21,300        190,119   

Sekisui Jushi Corp.

    14,700        197,851   

Sekisui Plastics Co., Ltd.

    24,000        66,635   

Senko Co., Ltd. (d)

    31,000        134,452   

Senshu Electric Co., Ltd.

    3,200        56,570   

Senshu Ikeda Holdings, Inc.

    67,900        349,275   

Senshukai Co., Ltd. (d)

    13,800        110,642   

Septeni Holdings Co., Ltd. (a)

    5,500        63,923   

Seria Co., Ltd.

    4,700        179,194   

Shibaura Electronics Co., Ltd.

    2,800        66,294   

Shibaura Mechatronics Corp. (d)

    18,000        55,361   

Shibusawa Warehouse Co., Ltd. (The)

    25,000        77,413   

Shibuya Kogyo Co., Ltd.

    8,900        238,403   

Shidax Corp. (d)

    9,600        44,035   

Shiga Bank, Ltd. (The)

    78,000        429,878   

Shikibo, Ltd.

    56,000        63,245   

Shikoku Bank, Ltd. (The)

    93,000        200,442   

Japan—(Continued)

   

Shikoku Chemicals Corp.

    18,000      122,617   

Shima Seiki Manufacturing, Ltd. (d)

    10,700        175,498   

Shimachu Co., Ltd.

    20,500        473,802   

SHIMANE BANK, Ltd. (The)

    2,500        30,497   

Shimizu Bank, Ltd. (The)

    5,400        146,602   

Shimojima Co., Ltd.

    6,300        57,459   

Shin Nippon Air Technologies Co., Ltd.

    7,300        58,613   

Shin-Etsu Polymer Co., Ltd.

    22,600        119,044   

Shin-Keisei Electric Railway Co., Ltd.

    23,000        80,252   

Shinagawa Refractories Co., Ltd.

    27,000        71,765   

Shindengen Electric Manufacturing Co., Ltd.

    28,000        191,460   

Shinkawa, Ltd. (a)

    5,300        26,146   

Shinko Electric Industries Co., Ltd.

    22,800        165,621   

Shinko Plantech Co., Ltd. (d)

    16,100        123,660   

Shinko Shoji Co., Ltd.

    7,700        75,640   

Shinko Wire Co., Ltd.

    12,000        19,841   

Shinmaywa Industries, Ltd.

    27,000        245,724   

Shinnihon Corp.

    14,000        52,188   

Shinsho Corp.

    14,000        34,655   

Shinwa Co., Ltd.

    3,900        46,529   

Ship Healthcare Holdings, Inc.

    9,500        304,302   

Shiroki Corp.

    31,000        65,049   

Shizuki Electric Co., Inc.

    8,000        34,748   

Shizuoka Gas Co., Ltd.

    21,300        141,554   

Shobunsha Publications, Inc.

    6,700        43,138   

Shoei Foods Corp.

    4,300        36,519   

Shofu, Inc.

    3,900        46,144   

Shoko Co., Ltd. (d)

    39,000        58,099   

Showa Aircraft Industry Co., Ltd. (d)

    2,000        20,070   

Showa Corp.

    14,300        156,752   

Showa Sangyo Co., Ltd.

    34,000        124,347   

Siix Corp. (d)

    5,100        88,475   

Sinanen Co., Ltd.

    18,000        72,735   

Sinfonia Technology Co., Ltd.

    42,000        61,449   

Sinko Industries, Ltd.

    4,700        43,383   

Sintokogio, Ltd.

    19,300        135,065   

SKY Perfect JSAT Holdings, Inc.

    34,800        204,146   

SMK Corp. (d)

    23,000        111,910   

SMS Co., Ltd.

    3,000        77,075   

SNT Corp.

    7,800        42,010   

Soda Nikka Co., Ltd.

    7,000        29,382   

Sodick Co., Ltd.

    16,800        184,437   

Soft99 Corp. (d)

    5,100        31,538   

Softbank Technology Corp.

    1,600        20,459   

Software Service, Inc.

    1,500        59,101   

Sogo Medical Co., Ltd.

    1,200        58,375   

Soshin Electric Co., Ltd.

    1,500        5,370   

Sotoh Co., Ltd.

    4,300        38,351   

Space Co., Ltd.

    5,800        67,918   

Sparx Group Co., Ltd.

    29,100        57,701   

SPK Corp.

    2,500        44,199   

Square Enix Holdings Co., Ltd. (d)

    3,200        67,736   

SRA Holdings

    3,700        55,558   

Srg Takamiya Co., Ltd. (d)

    2,600        35,466   

ST Corp.

    6,900        62,819   

St. Marc Holdings Co., Ltd.

    2,300        116,231   

Star Micronics Co., Ltd.

    12,600        185,473   

 

MSF-91


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Starbucks Coffee Japan, Ltd. (d)

    5,400      $ 72,008   

Starts Corp., Inc. (d)

    4,500        66,634   

Starzen Co., Ltd.

    28,000        87,295   

Stella Chemifa Corp.

    5,600        81,282   

Step Co., Ltd.

    4,100        31,180   

Studio Alice Co., Ltd.

    2,900        37,227   

Subaru Enterprise Co., Ltd.

    1,000        3,932   

Sugimoto & Co., Ltd.

    3,800        38,008   

Suminoe Textile Co., Ltd.

    23,000        71,989   

Sumitomo Bakelite Co., Ltd.

    63,000        246,540   

Sumitomo Densetsu Co., Ltd.

    7,700        102,278   

Sumitomo Mitsui Construction Co., Ltd. (a)

    216,400        259,081   

Sumitomo Osaka Cement Co., Ltd.

    131,000        430,332   

Sumitomo Precision Products Co., Ltd. (d)

    12,000        47,297   

Sumitomo Real Estate Sales Co., Ltd.

    4,460        102,562   

Sumitomo Seika Chemicals Co., Ltd.

    15,000        85,952   

Sumitomo Warehouse Co., Ltd. (The)

    45,000        237,765   

Sun Frontier Fudousan Co., Ltd. (d)

    7,600        86,607   

Sun-Wa Technos Corp.

    3,900        41,657   

Suncall Corp.

    11,000        70,534   

SWCC Showa Holdings Co., Ltd. (a) (d)

    116,000        114,851   

Systena Corp.

    10,800        82,343   

T Hasegawa Co., Ltd.

    8,700        132,546   

T RAD Co., Ltd.

    36,000        90,358   

T&K Toka Co., Ltd. (d)

    5,000        110,380   

T-Gaia Corp.

    6,600        63,212   

Tabuchi Electric Co., Ltd.

    6,000        64,063   

Tachi-S Co., Ltd. (d)

    10,700        154,739   

Tachibana Eletech Co., Ltd.

    3,800        51,622   

Tadano, Ltd.

    28,000        513,835   

Taihei Dengyo Kaisha, Ltd.

    12,000        95,560   

Taiheiyo Kouhatsu, Inc.

    21,000        18,566   

Taiho Kogyo Co., Ltd.

    6,500        74,116   

Taikisha, Ltd.

    8,500        190,217   

Taiko Bank, Ltd. (The)

    41,000        86,760   

Taiko Pharmaceutical Co., Ltd.

    2,300        39,451   

Taisei Lamick Co., Ltd. (d)

    2,700        66,336   

Taiyo Holdings Co., Ltd.

    5,300        168,735   

Taiyo Yuden Co., Ltd. (d)

    34,200        383,473   

Takachiho Koheki Co., Ltd.

    400        3,839   

Takagi Securities Co., Ltd. (d)

    18,000        41,911   

Takamatsu Construction Group Co., Ltd.

    6,400        119,923   

Takano Co., Ltd.

    6,000        33,702   

Takaoka Toko Holdings Co., Ltd. (d)

    5,365        75,544   

Takara Leben Co., Ltd. (d)

    18,900        70,376   

Takara Printing Co., Ltd.

    3,100        23,698   

Takara Standard Co., Ltd.

    43,000        367,459   

Takasago International Corp.

    38,000        179,407   

Takasago Thermal Engineering Co., Ltd.

    20,900        270,822   

Takashima & Co., Ltd.

    25,000        56,341   

Takata Corp.

    1,300        29,518   

Take And Give Needs Co., Ltd.

    4,010        42,994   

Takeei Corp. (d)

    5,400        54,470   

Takeuchi Manufacturing Co., Ltd.

    3,300        157,065   

Takihyo Co., Ltd.

    13,000        49,649   

Takiron Co., Ltd.

    21,000        105,774   

Takisawa Machine Tool Co., Ltd.

    35,000        75,213   

Japan—(Continued)

   

Takuma Co., Ltd.

    26,000      165,116   

Tama Home Co., Ltd. (d)

    4,800        30,295   

Tamron Co., Ltd.

    4,400        84,585   

Tamura Corp.

    26,000        108,445   

Tanseisha Co., Ltd. (d)

    9,100        72,989   

Tatsuta Electric Wire and Cable Co., Ltd. (d)

    11,700        62,094   

Tayca Corp.

    17,000        72,918   

TBK Co., Ltd.

    8,000        49,405   

Teac Corp. (a) (d)

    40,000        22,629   

TECHNO ASSOCIE Co., Ltd.

    300        2,809   

Techno Medica Co., Ltd.

    2,400        48,418   

Techno Ryowa, Ltd.

    4,800        23,075   

Teikoku Electric Manufacturing Co., Ltd.

    3,400        41,036   

Teikoku Sen-I Co., Ltd.

    6,900        145,945   

Teikoku Tsushin Kogyo Co., Ltd.

    24,000        41,460   

Tekken Corp. (d)

    10,000        46,307   

Ten Allied Co., Ltd. (a)

    2,600        8,270   

Tenma Corp.

    6,200        90,265   

Teraoka Seisakusho Co., Ltd.

    200        675   

Tigers Polymer Corp.

    2,200        13,949   

TKC Corp.

    7,600        150,137   

Toa Corp. / Hyogo

    7,700        80,800   

Toa Corp. / Tokyo (d)

    66,000        122,869   

Toa Oil Co., Ltd. (d)

    18,000        27,017   

TOA ROAD Corp.

    18,000        69,628   

Toabo Corp.

    34,000        24,148   

Toagosei Co., Ltd.

    71,000        292,772   

Tobishima Corp. (a)

    50,600        113,811   

Tobu Store Co., Ltd.

    11,000        28,196   

TOC Co., Ltd.

    18,000        116,494   

Tocalo Co., Ltd.

    4,800        99,915   

Tochigi Bank, Ltd. (The)

    50,000        196,117   

Toda Corp.

    71,000        355,942   

Toda Kogyo Corp. (a)

    11,000        41,319   

Toei Animation Co., Ltd. (d)

    2,500        65,026   

Toei Co., Ltd.

    25,000        129,751   

Toenec Corp.

    20,000        109,094   

Toho Bank, Ltd. (The)

    77,000        287,278   

Toho Co., Ltd.

    20,000        74,247   

Toho Holdings Co., Ltd.

    18,700        357,762   

Toho Titanium Co., Ltd. (a) (d)

    3,000        20,617   

Toho Zinc Co., Ltd.

    48,000        182,953   

Tohoku Bank, Ltd. (The)

    56,000        79,166   

Tohokushinsha Film Corp.

    4,800        36,783   

Tohto Suisan Co., Ltd.

    14,000        25,170   

Tokai Carbon Co., Ltd.

    63,000        174,767   

Tokai Corp.

    4,300        132,187   

TOKAI Holdings Corp.

    34,500        148,839   

Tokai Lease Co., Ltd.

    16,000        29,755   

Tokai Rika Co., Ltd.

    8,800        186,366   

Tokai Rubber Industries, Ltd.

    12,200        107,729   

Token Corp.

    2,260        103,397   

Toko, Inc.

    11,000        32,747   

Tokushu Tokai Paper Co., Ltd.

    36,000        84,888   

Tokuyama Corp. (d)

    106,000        349,265   

Tokyo Derica Co., Ltd.

    5,850        90,217   

Tokyo Dome Corp.

    52,000        219,284   

 

MSF-92


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Tokyo Electron Device, Ltd. (d)

    2,400      $ 33,489   

Tokyo Energy & Systems, Inc.

    8,000        54,137   

Tokyo Keiki, Inc.

    21,000        53,642   

Tokyo Ohka Kogyo Co., Ltd.

    13,100        346,971   

Tokyo Rakutenchi Co., Ltd.

    17,000        77,156   

Tokyo Rope Manufacturing Co., Ltd. (a)

    46,000        73,131   

Tokyo Sangyo Co., Ltd.

    12,000        45,263   

Tokyo Seimitsu Co., Ltd. (d)

    11,400        191,739   

Tokyo Steel Manufacturing Co., Ltd. (d)

    33,300        175,058   

Tokyo Tekko Co., Ltd. (d)

    17,000        86,726   

Tokyo Theatres Co., Inc. (d)

    42,000        55,454   

Tokyo Tomin Bank, Ltd. (The) (d)

    12,500        150,331   

Tokyu Recreation Co., Ltd.

    6,000        36,013   

Toli Corp.

    30,000        65,417   

Tomato Bank, Ltd.

    62,000        101,620   

Tomen Devices Corp.

    1,500        24,892   

Tomen Electronics Corp.

    6,500        97,327   

Tomoe Corp.

    12,500        52,518   

Tomoe Engineering Co., Ltd.

    2,100        37,016   

Tomoegawa Co., Ltd.

    12,000        20,977   

Tomoku Co., Ltd.

    37,000        102,320   

TOMONY Holdings, Inc.

    72,500        304,954   

Tomy Co., Ltd. (d)

    24,400        135,603   

Tonami Holdings Co., Ltd.

    32,000        71,807   

Toppan Forms Co., Ltd.

    17,100        176,951   

Topre Corp.

    15,300        217,608   

Topy Industries, Ltd.

    91,000        179,413   

Toridoll.corp (d)

    5,600        66,416   

Torigoe Co., Ltd. (The)

    9,200        60,888   

Torii Pharmaceutical Co., Ltd.

    3,600        99,615   

Torishima Pump Manufacturing Co., Ltd. (d)

    6,300        52,358   

Tosei Corp. (d)

    13,200        83,746   

Toshiba Machine Co., Ltd.

    35,000        159,237   

Toshiba Plant Systems & Services Corp.

    12,600        212,292   

Toshiba TEC Corp.

    13,000        84,211   

Tosho Co., Ltd.

    1,600        34,818   

Tosho Printing Co., Ltd. (d)

    14,000        63,460   

Totetsu Kogyo Co., Ltd. (d)

    11,700        276,192   

Tottori Bank, Ltd. (The)

    37,000        77,126   

Toukei Computer Co., Ltd.

    2,200        31,839   

Towa Bank, Ltd. (The)

    114,000        102,858   

Towa Pharmaceutical Co., Ltd. (d)

    2,800        122,992   

Toyo Construction Co., Ltd.

    25,499        116,237   

Toyo Corp.

    9,600        99,201   

Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd.

    16,000        67,853   

Toyo Engineering Corp.

    34,000        145,284   

Toyo Ink SC Holdings Co., Ltd.

    65,000        303,026   

Toyo Kanetsu KK

    48,000        116,500   

Toyo Kohan Co., Ltd.

    16,000        86,506   

Toyo Machinery & Metal Co., Ltd.

    3,000        13,899   

Toyo Securities Co., Ltd.

    23,000        63,640   

Toyo Sugar Refining Co., Ltd.

    9,000        8,452   

Toyo Tanso Co., Ltd. (d)

    3,300        68,472   

Toyo Wharf & Warehouse Co., Ltd. (d)

    16,000        32,424   

Toyobo Co., Ltd.

    257,000        373,490   

TPR Co., Ltd.

    8,200        198,050   

Japan—(Continued)

   

Trancom Co., Ltd.

    2,300      103,328   

Transcosmos, Inc.

    6,700        131,052   

Trusco Nakayama Corp.

    7,200        186,349   

TS Tech Co., Ltd.

    2,800        68,200   

TSI Holdings Co., Ltd.

    28,205        197,933   

Tsubakimoto Chain Co.

    42,000        347,267   

Tsubakimoto Kogyo Co., Ltd.

    8,000        22,296   

Tsudakoma Corp. (a)

    16,000        22,775   

Tsugami Corp. (d)

    20,000        111,496   

Tsukada Global Holdings, Inc. (d)

    7,200        60,180   

Tsukamoto Corp. Co., Ltd.

    21,000        25,663   

Tsukishima Kikai Co., Ltd. (d)

    8,000        89,160   

Tsukuba Bank, Ltd. (The)

    34,500        116,453   

Tsukui Corp.

    7,700        76,566   

Tsumura & Co. (d)

    1,900        42,314   

Tsurumi Manufacturing Co., Ltd.

    10,000        160,974   

Tsutsumi Jewelry Co., Ltd.

    3,800        92,544   

TTK Co., Ltd. (d)

    4,000        17,412   

TV Tokyo Holdings Corp.

    3,700        73,383   

TYK Corp.

    6,000        11,879   

Tyo, Inc.

    9,600        15,064   

U-Shin, Ltd. (d)

    11,400        72,000   

UACJ Corp.

    71,850        273,451   

Ube Industries, Ltd.

    52,000        83,026   

Uchida Yoko Co., Ltd.

    32,000        110,302   

Ueki Corp.

    11,000        28,891   

UKC Holdings Corp.

    4,300        70,202   

Ulvac, Inc. (a) (d)

    20,600        258,260   

Uniden Corp.

    25,000        56,576   

Union Tool Co.

    3,400        93,507   

Unipres Corp.

    12,600        246,958   

United Arrows, Ltd.

    6,100        225,717   

Unitika, Ltd. (a) (d)

    126,000        58,603   

Universal Entertainment Corp. (d)

    7,500        123,117   

UNY Group Holdings Co., Ltd. (d)

    71,600        380,745   

Usen Corp. (a) (d)

    32,600        93,271   

Ushio, Inc.

    26,200        276,911   

UT Holdings Co., Ltd. (d)

    9,100        47,776   

Utoc Corp.

    5,100        22,981   

Valor Co., Ltd.

    12,300        199,071   

Village Vanguard Co., Ltd. (d)

    3,400        46,049   

Vital KSK Holdings, Inc. (d)

    18,400        160,897   

VT Holdings Co., Ltd.

    25,700        92,067   

Wacoal Holdings Corp.

    26,000        252,767   

Wacom Co., Ltd. (d)

    41,400        178,389   

Wakachiku Construction Co., Ltd. (d)

    46,000        87,415   

Wakamoto Pharmaceutical Co., Ltd.

    9,000        22,741   

Wakita & Co., Ltd.

    14,100        149,505   

Warabeya Nichiyo Co., Ltd.

    5,000        89,665   

Watabe Wedding Corp. (a)

    4,400        23,351   

WATAMI Co., Ltd. (d)

    7,600        90,539   

Weathernews, Inc.

    1,400        39,673   

Welcia Holdings Co., Ltd.

    5,400        161,038   

Wellnet Corp.

    2,700        42,875   

West Holdings Corp. (d)

    7,200        78,016   

Wood One Co., Ltd.

    19,000        50,842   

Wowow, Inc.

    900        36,696   

 

MSF-93


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Xebio Co., Ltd.

    8,700      $ 131,992   

Y. A. C. Co., Ltd.

    4,900        28,898   

Yachiyo Bank, Ltd. (The)

    5,100        161,591   

Yachiyo Industry Co., Ltd.

    5,600        36,266   

Yahagi Construction Co., Ltd.

    12,000        88,923   

Yaizu Suisankagaku Industry Co., Ltd.

    4,400        39,788   

YAMABIKO Corp.

    2,500        101,293   

Yamagata Bank, Ltd. (The) (d)

    48,000        224,726   

Yamaichi Electronics Co., Ltd. (d)

    8,200        68,232   

Yamanashi Chuo Bank, Ltd. (The)

    79,000        346,631   

Yamatane Corp.

    34,000        55,838   

Yamato Corp.

    9,000        30,636   

Yamato International, Inc. (d)

    6,700        26,275   

Yamaya Corp. (d)

    1,150        17,487   

Yamazawa Co., Ltd.

    1,000        14,891   

Yamazen Corp.

    19,500        152,843   

Yaoko Co., Ltd.

    2,600        154,621   

Yashima Denki Co., Ltd. (d)

    7,500        38,148   

Yasuda Logistics Corp.

    7,400        70,282   

Yellow Hat, Ltd.

    9,100        200,085   

Yodogawa Steel Works, Ltd.

    38,000        155,672   

Yokogawa Bridge Holdings Corp.

    9,400        131,665   

Yokohama Reito Co., Ltd.

    17,200        127,392   

Yokowo Co., Ltd.

    7,900        44,186   

Yomeishu Seizo Co., Ltd.

    6,000        50,333   

Yomiuri Land Co., Ltd. (d)

    13,000        56,717   

Yondenko Corp.

    8,000        30,401   

Yondoshi Holding, Inc.

    6,000        120,401   

Yonekyu Corp. (d)

    800        8,941   

Yonex Co., Ltd. (d)

    5,900        54,493   

Yorozu Corp. (d)

    6,000        102,711   

Yoshinoya Holdings Co., Ltd.

    1,200        14,387   

Yuasa Funashoku Co., Ltd.

    8,000        19,488   

Yuasa Trading Co., Ltd.

    6,700        130,165   

Yuken Kogyo Co., Ltd.

    22,000        51,276   

Yuki Gosei Kogyo Co., Ltd.

    6,000        14,262   

Yumeshin Holdings Co., Ltd. (d)

    2,800        21,561   

Yurtec Corp.

    26,000        127,172   

Yusen Logistics Co., Ltd.

    7,100        74,872   

Yushiro Chemical Industry Co., Ltd.

    6,100        81,450   

Zappallas, Inc.

    4,900        26,412   

Zenrin Co., Ltd. (d)

    10,200        120,908   

Zensho Holdings Co., Ltd. (d)

    28,900        256,275   

ZERIA Pharmaceutical Co., Ltd. (d)

    8,800        180,968   

Zojirushi Corp.

    10,000        60,039   

Zuiko Corp. (d)

    1,000        50,788   

Zuken, Inc. (d)

    7,200        72,624   
   

 

 

 
      153,788,743   
   

 

 

 

Netherlands—2.3%

   

Aalberts Industries NV

    53,139        1,374,544   

Accell Group

    10,698        176,408   

AMG Advanced Metallurgical Group
NV (a)

    12,258        106,003   

Amsterdam Commodities NV

    8,120        183,079   

APERAM (a) (d)

    33,328        1,036,191   

Arcadis NV (d)

    32,441        1,071,056   

ASM International NV

    15,591        565,679   

Netherlands—(Continued)

   

Ballast Nedam NV (a)

    2,716      11,888   

BE Semiconductor Industries NV

    23,461        413,992   

Beter Bed Holding NV

    7,490        158,215   

BinckBank NV

    39,299        391,146   

Brunel International NV

    12,600        287,267   

Corbion NV (d)

    19,955        292,677   

Delta Lloyd NV

    93,740        2,250,480   

Exact Holding NV (d)

    7,888        278,236   

Fugro NV

    4,189        126,683   

Grontmij (a) (d)

    37,446        188,953   

Heijmans NV (d)

    14,562        229,738   

Hunter Douglas NV

    2,423        102,578   

KAS Bank NV

    5,649        70,329   

Kendrion NV

    3,947        110,026   

Koninklijke BAM Groep NV (d)

    107,080        315,135   

Koninklijke Ten Cate NV

    14,185        347,422   

Koninklijke Wessanen NV

    54,622        330,833   

Macintosh Retail Group NV (a)

    7,046        59,593   

Nederland Apparatenfabriek

    2,625        97,793   

Nutreco NV

    25,410        923,593   

Ordina NV (a) (d)

    57,689        139,548   

PostNL NV (a)

    126,664        544,375   

Royal Imtech NV (a) (d)

    38,313        18,731   

SBM Offshore NV (a) (d)

    46,648        672,739   

Sligro Food Group NV

    11,098        428,172   

SNS REAAL NV (a) (b) (c) (d)

    105,329        0   

Telegraaf Media Groep NV

    13,542        106,209   

TKH Group NV

    17,476        560,524   

TNT Express NV

    140,156        881,825   

TomTom NV (a)

    34,636        274,646   

USG People NV

    43,376        509,802   

Van Lanschot NV

    45        1,016   
   

 

 

 
      15,637,124   
   

 

 

 

New Zealand—1.2%

   

a2 Milk Co., Ltd. (a) (d)

    134,580        60,899   

Abano Healthcare Group, Ltd.

    880        4,804   

Air New Zealand, Ltd.

    170,907        259,101   

Bathurst Resources New Zealand,
Ltd. (a)

    206,414        7,954   

Briscoe Group, Ltd.

    13,123        29,090   

Cavalier Corp., Ltd.

    7,259        6,257   

Chorus, Ltd. (a) (d)

    106,254        149,966   

Diligent Board Member Services,
Inc. (a) (d)

    19,249        69,728   

Ebos Group, Ltd.

    41,788        301,696   

Fisher & Paykel Healthcare Corp., Ltd.

    260,892        1,057,269   

Freightways, Ltd.

    81,878        326,026   

Hallenstein Glasson Holdings, Ltd.

    19,012        47,681   

Heartland New Zealand, Ltd.

    72,313        55,860   

Infratil, Ltd.

    301,704        666,835   

Kathmandu Holdings, Ltd.

    23,984        59,116   

Mainfreight, Ltd.

    40,292        469,233   

Methven, Ltd.

    19,898        17,246   

Metlifecare, Ltd.

    3,831        13,763   

Michael Hill International, Ltd.

    82,929        80,989   

Millennium & Copthorne Hotels New Zealand, Ltd.

    7,968        7,900   

New Zealand Oil & Gas, Ltd.

    164,080        97,189   

New Zealand Refining Co., Ltd. (The) (a)

    27,432        35,528   

 

MSF-94


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

New Zealand—(Continued)

   

Nuplex Industries, Ltd.

    105,582      $ 252,762   

NZX, Ltd.

    114,554        112,523   

Opus International Consultants, Ltd.

    4,000        4,963   

Pacific Edge, Ltd. (a)

    17,353        12,628   

PGG Wrightson, Ltd.

    58,545        18,952   

Pike River Coal Co., Ltd. (a) (b) (c)

    82,575        0   

Port of Tauranga, Ltd.

    30,898        383,291   

Pumpkin Patch, Ltd. (a)

    31,660        10,333   

Restaurant Brands New Zealand, Ltd.

    55,682        146,170   

Rubicon, Ltd. (a)

    9,922        2,826   

Ryman Healthcare, Ltd.

    152,639        930,160   

Sanford, Ltd.

    314        1,145   

Skellerup Holdings, Ltd.

    29,759        36,233   

Sky City Entertainment Group, Ltd.

    274,685        782,395   

Sky Network Television, Ltd.

    107,194        526,035   

Tower, Ltd.

    59,836        93,389   

Trade Me Group, Ltd.

    22,086        60,411   

TrustPower, Ltd.

    13,980        79,756   

Vector, Ltd.

    151,308        316,755   

Warehouse Group, Ltd. (The)

    43,961        105,031   

Xero, Ltd. (a)

    18,201        307,285   
   

 

 

 
      8,007,173   
   

 

 

 

Norway—1.1%

   

ABG Sundal Collier Holding ASA

    130,019        108,207   

American Shipping ASA

    12,027        88,254   

Archer, Ltd. (a)

    82,799        115,873   

Atea ASA

    22,644        254,557   

Austevoll Seafood ASA

    22,283        147,894   

Bionor Pharma ASA (a)

    16,875        6,605   

Biotec Pharmacon ASA (a) (d)

    10,494        28,250   

Bonheur ASA

    4,316        68,688   

BW Offshore, Ltd.

    108,665        136,077   

Cermaq ASA

    32,403        487,413   

Deep Sea Supply plc

    23,189        31,635   

Det Norske Oljeselskap ASA (a) (d)

    21,430        189,530   

DOF ASA (a) (d)

    21,760        77,888   

Ekornes ASA

    11,636        138,151   

Electromagnetic GeoServices (a) (d)

    59,116        35,766   

Eltek ASA

    122,435        176,162   

Farstad Shipping ASA

    6,040        79,667   

Frontline, Ltd. (a) (d)

    36,608        46,577   

Ganger Rolf ASA

    7,335        118,043   

Golden Ocean Group, Ltd. (d)

    173,259        206,369   

Grieg Seafood ASA (a)

    11,731        52,111   

Hexagon Composites ASA

    24,991        115,854   

Hoegh LNG Holdings, Ltd. (a) (d)

    12,362        189,204   

Hurtigruten ASA (a)

    79,346        46,033   

Kongsberg Automotive ASA (a)

    236,674        246,133   

Kvaerner ASA

    92,750        153,042   

Leroy Seafood Group ASA

    7,679        295,405   

Nordic Semiconductor ASA (a) (d)

    76,341        450,345   

Norske Skogindustrier ASA (a)

    101,549        62,233   

Northern Offshore, Ltd.

    32,781        54,787   

Norwegian Air Shuttle A/S (a) (d)

    4,766        165,942   

Norwegian Energy Co. ASA (a)

    11,167        14,446   

Norway—(Continued)

   

Odfjell SE - A Shares (a)

    1,949      8,074   

Opera Software ASA

    19,193        268,972   

Panoro Energy ASA (a)

    64,409        29,621   

PhotoCure ASA (a)

    5,477        17,128   

ProSafe SE (d)

    51,314        299,862   

Q-Free ASA (a)

    24,256        48,090   

REC Silicon ASA (a) (d)

    630,934        253,507   

REC Solar ASA (a) (d)

    10,877        137,160   

Salmar ASA

    8,438        148,663   

Sevan Marine ASA

    16,466        63,026   

Siem Offshore, Inc.

    73,429        70,333   

Solstad Offshore ASA

    5,178        72,485   

SpareBank 1 SMN

    40,946        377,098   

Stolt-Nielsen, Ltd.

    5,516        106,920   

Tomra Systems ASA

    59,552        454,058   

TTS Group ASA (a)

    18,359        12,556   

Veidekke ASA

    57,200        575,643   

Wilh Wilhelmsen ASA (d)

    21,003        164,241   

Wilh Wilhelmsen Holding ASA

    4,777        130,117   
   

 

 

 
      7,624,695   
   

 

 

 

Philippines—0.0%

   

Del Monte Pacific, Ltd.

    52,000        20,767   
   

 

 

 

Portugal—0.7%

   

Altri SGPS S.A.

    49,174        142,659   

Banco BPI S.A. (a) (d)

    181,563        381,032   

Banco Comercial Portugues S.A. - Class R (a) (d)

    16,002,349        2,063,521   

Banco Espirito Santo S.A. (a) (b)

    89,078        0   

Mota-Engil SGPS S.A.

    40,942        261,906   

NOS SGPS

    101,535        610,825   

Novabase SGPS S.A.

    7,827        23,943   

Portucel Empresa Produtora de Pasta e Papel S.A.

    106,918        423,866   

REN - Redes Energeticas Nacionais SGPS S.A.

    43,396        146,012   

Semapa-Sociedade de Investimento e Gestao

    37,733        460,737   

Sonae Industria SGPS S.A. (a)

    24,230        11,804   

Sonae SGPS S.A.

    188,577        272,655   

Teixeira Duarte S.A. (d)

    59,382        64,181   
   

 

 

 
      4,863,141   
   

 

 

 

Singapore—1.4%

   

Abterra, Ltd. (a)

    51,720        23,717   

Amtek Engineering, Ltd.

    21,000        10,343   

ASL Marine Holdings, Ltd.

    105,000        49,891   

Ausgroup, Ltd. (a) (d)

    143,000        44,294   

Baker Technology, Ltd.

    166,000        35,084   

Banyan Tree Holdings,
Ltd. (d)

    155,000        77,164   

Biosensors International Group,
Ltd. (a) (d)

    473,000        266,961   

Bonvests Holdings, Ltd.

    18,000        19,532   

Boustead Singapore, Ltd.

    81,000        112,069   

Breadtalk Group, Ltd.

    37,000        39,241   

Broadway Industrial Group, Ltd. (a) (d)

    156,399        23,694   

Bukit Sembawang Estates, Ltd.

    72,000        311,473   

Bund Center Investment, Ltd.

    552,000        88,213   

 

MSF-95


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

   

Centurion Corp., Ltd.

    38,000      $ 15,587   

CH Offshore, Ltd.

    157,000        58,433   

China Aviation Oil Singapore Corp., Ltd.

    153,600        94,506   

China Merchants Holdings Pacific, Ltd.

    53,000        39,441   

Chip Eng Seng Corp., Ltd.

    117,000        82,236   

Chuan Hup Holdings, Ltd.

    125,000        29,894   

Cityspring Infrastructure Trust

    186,000        72,095   

Cosco Corp. Singapore, Ltd. (d)

    477,000        252,482   

Creative Technology, Ltd.

    22,600        38,500   

CSC Holdings, Ltd.

    284,000        13,694   

CSE Global, Ltd.

    197,000        103,380   

Cw Group Holdings, Ltd.

    106,000        32,679   

CWT, Ltd.

    57,000        74,747   

Datapulse Technology, Ltd.

    106,000        11,550   

Delong Holdings, Ltd. (a)

    91,000        15,693   

DMX Technologies Group, Ltd.

    186,000        24,491   

Dyna-Mac Holdings, Ltd.

    98,000        31,053   

Elec & Eltek International Co., Ltd.

    23,000        33,345   

Eu Yan Sang International, Ltd.

    90,000        55,628   

Ezra Holdings, Ltd. (d)

    250,799        192,714   

Far East Orchard, Ltd.

    74,044        105,260   

First Sponsor Group, Ltd. (a)

    8,627        8,412   

FJ Benjamin Holdings, Ltd.

    106,000        15,040   

Food Empire Holdings, Ltd.

    54,000        15,620   

Fragrance Group, Ltd. (d)

    915,000        160,634   

Gallant Venture, Ltd. (a) (d)

    126,000        25,172   

Geo Energy Resources, Ltd. (a) (d)

    155,000        29,179   

GK Goh Holdings, Ltd.

    12,000        8,272   

Global Premium Hotels, Ltd. (d)

    73,200        20,056   

GMG Global, Ltd.

    2,022,000        104,249   

GuocoLand, Ltd.

    28,000        44,991   

GuocoLeisure, Ltd.

    188,000        142,284   

Hanwell Holdings, Ltd. (a)

    19,000        4,397   

Healthway Medical Corp., Ltd. (a)

    701,750        27,509   

Hi-P International, Ltd.

    125,000        69,574   

Hiap Hoe, Ltd.

    58,000        37,399   

Hiap Seng Engineering, Ltd.

    61,500        8,956   

HLH Group, Ltd. (a)

    1,066,000        9,980   

Ho Bee Land, Ltd. (d)

    87,000        136,858   

Hong Fok Corp., Ltd.

    133,400        101,076   

Hong Leong Asia, Ltd.

    41,000        47,799   

Hotel Grand Central, Ltd.

    1,000        1,050   

Hour Glass, Ltd. (The)

    43,000        65,039   

HTL International Holdings, Ltd.

    69,000        15,956   

HupSteel, Ltd.

    111,000        17,842   

Hwa Hong Corp., Ltd.

    138,000        36,775   

Hyflux, Ltd. (d)

    144,500        119,506   

Indofood Agri Resources, Ltd.

    152,000        98,917   

Interra Resources, Ltd. (a)

    103,000        21,401   

IPC Corp., Ltd.

    296,000        35,216   

Jiutian Chemical Group, Ltd. (a)

    649,000        27,998   

K1 Ventures, Ltd.

    404,000        59,548   

Keppel Infrastructure Trust

    160,000        130,564   

Keppel Telecommunications & Transportation, Ltd.

    44,000        58,426   

Koh Brothers Group, Ltd.

    97,000        23,186   

Li Heng Chemical Fibre Technologies, Ltd. (a)

    309,000        21,315   

Singapore—(Continued)

   

Lian Beng Group, Ltd.

    66,000      35,189   

Low Keng Huat Singapore, Ltd.

    153,000        78,571   

Lum Chang Holdings, Ltd.

    115,000        34,688   

M1, Ltd. (d)

    44,000        122,647   

Marco Polo Marine, Ltd.

    51,000        14,194   

Mercator Lines Singapore, Ltd. (a)

    70,000        4,016   

Mermaid Maritime plc

    136,000        39,311   

Metro Holdings, Ltd.

    141,600        99,901   

Mewah International, Inc. (d)

    110,000        32,791   

Midas Holdings, Ltd. (d)

    452,000        116,781   

Nam Cheong, Ltd.

    224,000        76,411   

NSL, Ltd.

    15,000        18,991   

Oceanus Group, Ltd. (a)

    401,000        4,688   

OSIM International, Ltd.

    85,000        175,135   

Otto Marine, Ltd. (d)

    522,000        27,758   

Overseas Union Enterprise, Ltd.

    174,000        290,549   

Pan-United Corp., Ltd.

    43,000        32,363   

Penguin International, Ltd.

    69,000        12,663   

Petra Foods, Ltd.

    66,000        209,092   

Popular Holdings, Ltd.

    192,000        36,885   

QAF, Ltd.

    130,040        98,620   

Raffles Education Corp., Ltd. (a)

    470,374        119,487   

Raffles Medical Group, Ltd.

    50,077        151,128   

Rickmers Maritime

    110,000        25,956   

Riverstone Holdings, Ltd.

    20,000        14,738   

Roxy-Pacific Holdings, Ltd.

    85,750        38,745   

S I2I, Ltd. (a)

    1,741,000        8,269   

SBS Transit, Ltd.

    40,500        53,948   

See Hup Seng, Ltd.

    47,000        10,867   

Sheng Siong Group, Ltd.

    191,000        99,402   

Sim Lian Group, Ltd.

    121,500        83,739   

Sinarmas Land, Ltd. (d)

    735,000        388,462   

Sing Holdings, Ltd.

    82,000        22,125   

Singapore Post, Ltd. (d)

    21,544        30,281   

Singapore Reinsurance Corp., Ltd.

    1,000        223   

Sino Grandness Food Industry Group,
Ltd. (a) (d)

    84,000        43,798   

SMRT Corp., Ltd. (d)

    175,000        212,489   

Stamford Land Corp., Ltd.

    278,000        123,834   

Sunningdale Tech, Ltd.

    303,000        47,443   

SunVic Chemical Holdings, Ltd. (a) (d)

    51,000        22,992   

Super Group, Ltd. (d)

    143,000        142,936   

Swiber Holdings, Ltd. (d)

    157,000        55,892   

Swissco Holdings, Ltd.

    40,000        31,995   

Technovator International, Ltd. (a)

    32,000        15,589   

Thakral Corp., Ltd.

    197,000        4,014   

Tuan Sing Holdings, Ltd.

    72,000        25,338   

UMS Holdings, Ltd.

    29,000        12,958   

United Engineers, Ltd.

    138,000        305,522   

United Envirotech, Ltd. (d)

    121,000        128,365   

United Fiber System, Ltd. (a)

    426,950        3,319   

United Overseas Insurance, Ltd.

    4,000        14,423   

UOB-Kay Hian Holdings, Ltd.

    143,987        178,891   

UPP Holdings, Ltd.

    46,000        9,692   

Vard Holdings, Ltd. (a) (d)

    203,000        134,788   

Venture Corp., Ltd.

    71,000        423,053   

Vibrant Group, Ltd.

    73,071        5,953   

Vicom, Ltd.

    2,000        9,430   

 

MSF-96


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

   

Wee Hur Holdings, Ltd.

    31,000      $ 9,185   

Wheelock Properties Singapore, Ltd.

    58,000        81,850   

Wing Tai Holdings, Ltd. (d)

    159,621        220,723   

Yeo Hiap Seng, Ltd.

    19,712        29,937   

YHI International, Ltd.

    78,000        14,720   

Yongnam Holdings, Ltd.

    645,000        100,124   
   

 

 

 
      9,247,147   
   

 

 

 

Spain—2.0%

  

Abengoa S.A.

    20,975        116,086   

Abengoa S.A. - B Shares (d)

    135,030        705,614   

Acciona S.A. (a)

    4,247        315,818   

Acerinox S.A. (d)

    64,877        992,182   

Adveo Group International S.A.

    5,993        108,543   

Almirall S.A. (a)

    17,526        256,567   

Atresmedia Corp. de Medios de Comunicaion S.A. (d)

    13,229        201,216   

Azkoyen S.A. (a)

    1,608        3,935   

Baron de Ley (a)

    1,139        104,374   

Bolsas y Mercados Espanoles S.A. (d)

    23,133        878,968   

Caja de Ahorros del
Mediterraneo (a) (b) (c) (d)

    14,621        0   

Cementos Portland Valderrivas
S.A. (a) (d)

    1,935        11,210   

Cie Automotive S.A.

    8,688        120,363   

Construcciones y Auxiliar de Ferrocarriles S.A.

    458        152,830   

Deoleo S.A. (a)

    191,757        94,431   

Dinamia Capital Privado Sociedad de Capital Riesgo S.A.

    3,678        35,791   

Duro Felguera S.A.

    22,982        109,208   

Ebro Foods S.A. (d)

    20,236        382,890   

Elecnor S.A.

    11,262        135,696   

Ence Energia y Celulosa S.A (d)

    45,999        102,814   

Ercros S.A. (a)

    60,314        37,861   

Faes Farma S.A.

    154,898        395,870   

Fluidra S.A.

    9,730        35,652   

Fomento de Construcciones y Contratas S.A. (a) (d)

    11,490        219,081   

Gamesa Corp. Tecnologica S.A. (a)

    46,649        510,889   

Grupo Catalana Occidente S.A.

    21,149        618,665   

Grupo Ezentis S.A. (a)

    39,717        44,119   

Iberpapel Gestion S.A.

    185        2,794   

Indra Sistemas S.A. (d)

    36,407        507,250   

Inmobiliaria Colonial S.A. (a)

    143,682        101,398   

Jazztel plc (a)

    120,507        1,937,707   

Laboratorios Farmaceuticos Rovi S.A.

    6,104        65,697   

Mediaset Espana Comunicacion S.A. (a)

    46,514        576,404   

Melia Hotels International S.A. (d)

    12,911        133,161   

Miquel y Costas & Miquel S.A.

    4,480        139,668   

Natra S.A. (a)

    7,533        14,018   

NH Hoteles Group S.A. (a)

    46,739        228,373   

Obrascon Huarte Lain S.A. (d)

    11,925        396,756   

Papeles y Cartones de Europa S.A.

    19,058        109,406   

Pescanova S.A. (a) (b) (c)

    7,446        0   

Prim S.A.

    3,013        24,741   

Promotora de Informaciones S.A. (a)

    209,868        62,997   

Prosegur Cia de Seguridad S.A.

    40,634        252,102   

Realia Business S.A. (a) (d)

    74,911        109,973   

Sacyr Vallehermoso S.A. (a)

    87,671        466,101   

Solaria Energia y Medio Ambiente
S.A. (a) (d)

    19,439        24,836   

Spain—(Continued)

  

Tecnicas Reunidas S.A.

    10,017      529,550   

Telecomunicaciones y Energia (a)

    13,592        23,599   

Tubacex S.A.

    28,250        139,969   

Tubos Reunidos S.A.

    21,752        68,814   

Urbas Grupo Financiero S.A. (a)

    887,506        25,644   

Vidrala S.A. (d)

    7,574        329,933   

Viscofan S.A.

    13,448        735,994   

Vocento S.A. (a)

    5,362        13,754   

Zeltia S.A. (a)

    72,263        258,706   
   

 

 

 
      13,970,018   
   

 

 

 

Sweden—3.5%

   

AAK AB

    11,380        593,548   

Acando AB

    32,705        52,686   

AddNode Group AB

    1,849        10,633   

AddTech AB - B Shares

    30,232        411,314   

AF AB - B Shares

    24,002        365,739   

Arise AB (a)

    4,852        11,402   

Atrium Ljungberg AB - B Shares

    3,824        54,840   

Avanza Bank Holding AB

    5,669        190,798   

Axfood AB (d)

    5,038        260,368   

Axis Communications AB (d)

    10,326        280,902   

B&B Tools AB - B Shares

    12,796        251,286   

BE Group AB (a)

    15,694        19,078   

Beijer Alma AB

    9,404        221,568   

Beijer Electronics AB

    5,229        38,034   

Beijer Ref AB - B Shares

    6,405        127,882   

Betsson AB (a)

    9,155        324,767   

Bilia AB - A Shares

    10,743        288,344   

Billerud AB

    89,835        1,269,677   

BioGaia AB - B Shares

    4,042        90,476   

Biotage AB

    15,339        24,204   

Bjoern Borg AB (a)

    9,936        33,180   

Bure Equity AB

    17,448        74,573   

Byggmax Group AB

    18,326        119,175   

Castellum A.B.

    39,360        596,636   

Clas Ohlson AB - B Shares (d)

    19,724        333,176   

Cloetta AB - B Shares (a)

    31,212        92,947   

Concentric AB

    30,796        363,701   

Concordia Maritime AB - B Shares (a)

    4,217        7,322   

Dios Fastigheter AB (d)

    25,743        189,342   

Duni AB

    12,862        160,809   

East Capital Explorer AB (a)

    7,088        45,559   

Eniro AB (a) (d)

    55,843        80,651   

Fabege AB

    45,507        577,968   

Fagerhult AB

    6,390        128,997   

Fastighets AB Balder - B Shares (a)

    36,044        456,046   

Gunnebo AB

    12,816        65,522   

Haldex AB

    33,062        383,677   

Hexpol AB (d)

    5,656        450,257   

HIQ International AB (a) (d)

    32,278        165,939   

HMS Networks AB

    709        15,019   

Holmen AB - B Shares

    12,851        389,718   

Hufvudstaden AB - A Shares

    15,492        192,410   

Industrial & Financial Systems

    10,165        309,775   

Indutrade AB

    5,726        217,793   

Intrum Justitia AB

    21,993        618,300   

 

MSF-97


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

   

JM AB (d)

    23,748      $ 756,553   

Kambi Group plc (a)

    12,301        92,334   

KappAhl AB (a)

    29,980        157,038   

Karolinska Development AB (a) (d)

    7,514        13,425   

Klovern AB

    22,837        110,101   

Know It AB

    9,489        72,135   

Kungsleden AB (d)

    39,834        236,375   

Lagercrantz AB - B Shares

    9,342        159,859   

Lindab International AB (a)

    18,765        160,225   

Loomis AB - Class B

    39,066        1,113,781   

Medivir AB - B Shares (a) (d)

    9,132        157,585   

Mekonomen AB (d)

    6,645        143,961   

Micronic AB

    46,878        113,757   

Modern Times Group AB - B Shares

    9,830        309,699   

MQ Holding AB

    9,112        39,680   

NCC AB - A Shares

    3,116        102,786   

NCC AB - B Shares (d)

    21,019        694,650   

Nederman Holding AB

    932        20,466   

Net Entertainment NE AB - B Shares (a)

    16,258        433,666   

Net Insight AB (a)

    143,837        60,352   

New Wave Group AB - B Shares

    15,773        71,688   

Nibe Industrier AB - B Shares (d)

    40,031        1,005,227   

Nobia AB (d)

    51,796        449,998   

Nolato AB - B Shares

    12,091        273,494   

Nordnet AB - B Shares

    33,249        126,433   

OEM International AB - B Shares

    498        6,032   

PA Resources AB (a)

    3,844        1,544   

Peab AB

    50,023        344,460   

Pricer AB - B Shares (a) (d)

    32,212        24,989   

Proact IT Group AB

    4,203        44,193   

Proffice AB - B Shares

    23,058        71,888   

Ratos AB - B Shares (d)

    15,038        108,561   

Rezidor Hotel Group AB (a)

    37,700        176,131   

Saab AB - Class B

    27,146        665,755   

Sagax AB

    14,540        72,155   

SAS AB (a) (d)

    41,924        74,042   

Sectra AB - B Shares (a)

    2,976        1,856   

Sectra AB - B Shares (a)

    2,976        38,532   

Semcon AB

    5,540        39,716   

SkiStar AB

    7,836        86,823   

SSAB AB - A Shares (a)

    45,510        388,022   

SSAB AB - A Shares (a) (d)

    27,650        239,093   

SSAB AB - B Shares (a)

    24,047        178,864   

SSAB AB - B Shares (a) (d)

    70,586        526,764   

Sweco AB - B Shares

    18,222        258,154   

Swedish Orphan Biovitrum AB (a)

    56,264        599,630   

Systemair AB

    4,286        58,508   

TradeDoubler AB

    21,483        26,199   

Transcom WorldWide S.A. (a) (d)

    84,311        12,967   

Transmode Holding AB

    2,253        18,108   

Tribona AB

    5,124        26,260   

Unibet Group plc

    16,402        825,978   

Vitrolife AB

    4,321        84,763   

Wallenstam AB - B Shares (d)

    32,302        487,469   

Wihlborgs Fastigheter AB

    34,720        595,398   
   

 

 

 
      23,914,160   
   

 

 

 

Switzerland—4.4%

  

Advanced Digital Broadcast Holdings
S.A. (a)

    557      7,809   

AFG Arbonia-Forster Holding AG (a) (d)

    4,400        94,466   

Allreal Holding AG (a)

    3,390        438,817   

Alpiq Holding AG (a) (d)

    28        2,954   

APG SGA S.A.

    510        153,595   

Ascom Holding AG

    17,215        241,250   

Autoneum Holding AG (a)

    2,052        321,369   

Bachem Holding AG (a)

    1,074        55,530   

Bank Coop AG

    2,772        122,513   

Banque Cantonale de Geneve

    375        84,887   

Basler Kantonalbank

    130        8,858   

Belimo Holding AG

    215        535,593   

Bell AG

    56        126,108   

Bellevue Group AG

    2,584        33,776   

Berner Kantonalbank AG (d)

    1,858        361,815   

BKW AG (d)

    3,918        129,408   

Bobst Group AG

    5,636        244,371   

Bossard Holding AG (a)

    3,458        359,673   

Bucher Industries AG (d)

    3,522        904,935   

Burckhardt Compression Holding AG

    1,451        670,191   

Burkhalter Holding AG

    1,316        118,383   

Calida Holding AG (a)

    1,330        48,802   

Carlo Gavazzi Holding AG

    7        1,744   

Cham Paper Holding AG (a)

    113        29,488   

Charles Voegele Holding AG (a)

    4,263        66,850   

Cicor Technologies (a)

    644        24,976   

Cie Financiere Tradition S.A.

    530        24,397   

Clariant AG (a)

    36,782        627,075   

Coltene Holding AG

    1,138        69,729   

Conzzeta AG (a)

    47        173,431   

Daetwyler Holding AG

    3,203        422,354   

Dufry AG (a) (d)

    7,215        1,100,350   

Edmond de Rothschild Suisse S.A.

    3        47,764   

EFG International AG (a)

    12,149        122,074   

Emmi AG (a)

    1,190        406,573   

Energiedienst Holding AG

    3,017        99,803   

Feintool International Holding AG

    242        20,257   

Fenix Outdoor International AG (a)

    384        16,943   

Flughafen Zuerich AG

    1,318        825,563   

Forbo Holding AG (a)

    819        833,924   

GAM Holding AG (a)

    50,063        864,638   

Gategroup Holding AG (a) (d)

    9,002        193,566   

Georg Fischer AG (a)

    2,362        1,388,688   

Gurit Holding AG (a)

    292        128,052   

Helvetia Holding AG

    1,788        864,895   

Highlight Communications AG (a)

    7,829        32,496   

Huber & Suhner AG

    4,813        234,513   

Implenia AG (a)

    8,148        444,562   

Inficon Holding AG (a)

    777        236,365   

Interroll Holding AG (a)

    265        151,773   

Intershop Holdings AG

    444        165,581   

Jungfraubahn Holding AG

    85        6,905   

Kaba Holding AG - Class B (a) (d)

    1,080        501,105   

Kardex AG (a)

    1,935        84,187   

Komax Holding AG (a)

    1,358        194,539   

Kudelski S.A.

    13,221        172,153   

Kuoni Reisen Holding AG (a)

    767        207,682   

 

MSF-98


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

  

LEM Holding S.A.

    312      $ 233,013   

Liechtensteinische Landesbank AG

    2,973        119,903   

LifeWatch AG (a)

    4,907        45,561   

Logitech International S.A. (d)

    84,871        1,086,632   

Lonza Group AG (a)

    10,961        1,322,256   

Luzerner Kantonalbank AG (d)

    1,489        547,888   

MCH Group AG

    831        57,720   

Metall Zug AG

    53        140,139   

Meyer Burger Technology AG (a) (d)

    24,493        249,390   

Micronas Semiconductor Holding AG (a)

    11,059        83,248   

Mikron Holding AG (a)

    474        3,913   

Mobilezone Holding AG (a)

    10,014        108,557   

Mobimo Holding AG (a)

    2,823        546,428   

Nobel Biocare Holding AG (a) (d)

    30,973        548,790   

OC Oerlikon Corp. AG (a)

    101,100        1,256,872   

Orascom Development Holding AG (a)

    4,238        81,900   

Orell Fuessli Holding AG (a)

    428        41,767   

Orior AG (a)

    1,802        99,598   

Panalpina Welttransport Holding AG (d)

    2,292        288,184   

Phoenix Mecano AG

    337        159,917   

PSP Swiss Property AG (a)

    2,635        220,967   

Rieter Holding AG (a)

    1,256        253,438   

Romande Energie Holding S.A.

    111        125,528   

Schaffner Holding AG (a)

    238        73,457   

Schmolz & Bickenbach AG (a)

    161,565        208,067   

Schweiter Technologies AG

    262        186,873   

Schweizerische National-Versicherungs-Gesellschaft AG (a)

    8,748        756,963   

Siegfried Holding AG (a)

    1,665        247,448   

St. Galler Kantonalbank AG

    1,175        428,350   

Straumann Holding AG

    1,533        347,488   

Swisslog Holding AG (a)

    126,812        177,774   

Swissquote Group Holding S.A. (d)

    3,968        129,945   

Tamedia AG

    904        119,494   

Tecan Group AG

    2,612        274,921   

Temenos Group AG (a)

    24,817        943,074   

Tornos Holding AG (a) (d)

    3,719        22,233   

U-Blox AG (a)

    3,324        410,059   

Valiant Holding

    4,267        340,117   

Valora Holding AG (a)

    1,019        211,773   

Vaudoise Assurances Holding S.A.

    531        232,415   

Vetropack Holding AG

    88        146,647   

Von Roll Holding AG (a)

    7,038        11,354   

Vontobel Holding AG (d)

    5,958        216,033   

VP Bank AG

    1,844        154,596   

Walliser Kantonalbank

    116        87,730   

Walter Meier AG (a)

    872        36,993   

Ypsomed Holding AG (a) (d)

    1,609        143,335   

Zehnder Group AG

    3,023        116,892   

Zug Estates Holding AG (a)

    73        89,625   

Zuger Kantonalbank AG

    68        320,899   
   

 

 

 
      29,906,262   
   

 

 

 

United Arab Emirates—0.0%

  

Lamprell plc (a)

    100,553        265,747   
   

 

 

 

United Kingdom—20.8%

  

4imprint Group plc

    6,953      83,327   

888 Holdings plc

    43,367        90,864   

A.G.BARR plc

    44,327        445,347   

Acal plc

    7,314        29,159   

Afren plc (a)

    251,096        417,440   

African Barrick Gold plc

    36,995        131,065   

Aga Rangemaster Group plc (a)

    25,439        67,190   

Air Partner plc

    992        5,584   

Alent plc

    102,762        546,233   

AMEC plc (d)

    49,672        884,234   

Amlin plc

    227,509        1,598,995   

Anglo Pacific Group plc

    29,836        63,602   

Anglo-Eastern Plantations

    4,252        43,668   

Anite plc

    81,502        114,228   

Ashmore Group plc (d)

    77,831        386,597   

Ashtead Group plc

    253,103        4,250,421   

Atrium European Real Estate, Ltd. (a)

    114,274        593,871   

Avon Rubber plc

    12,019        119,919   

Balfour Beatty plc (d)

    231,851        707,073   

Bank of Georgia Holdings plc

    5,063        201,203   

Barratt Developments plc

    211,324        1,349,131   

BBA Aviation plc

    221,729        1,167,574   

Beazley plc

    386,682        1,698,766   

Bellway plc

    82,065        2,073,885   

Berendsen plc

    106,561        1,686,960   

Berkeley Group Holdings plc

    70,062        2,550,344   

Betfair Group plc

    16,616        314,311   

Bioquell plc

    5,000        7,052   

Bloomsbury Publishing plc

    25,349        67,666   

Bodycote plc

    122,371        1,321,089   

Booker Group plc

    415,681        822,976   

Boot Henry plc

    1,476        4,596   

Bovis Homes Group plc

    79,588        999,445   

Braemar Shipping Services plc

    4,402        35,254   

Brammer plc

    36,027        219,422   

Brewin Dolphin Holdings plc

    143,539        633,176   

British Polythene Industries plc

    10,947        109,235   

Britvic plc

    142,790        1,538,019   

BTG plc (a)

    150,041        1,702,011   

Bwin.Party Digital Entertainment plc (d)

    171,719        252,716   

Cable & Wireless Communications plc

    732,967        553,805   

Cairn Energy plc (a)

    165,216        469,883   

Cape plc

    61,478        282,355   

Capital & Counties Properties plc

    107,134        569,196   

Capital & Regional plc

    80,929        63,640   

Carclo plc

    16,990        34,557   

Carillion plc (d)

    147,712        728,788   

Carr’s Milling Industries plc

    1,554        41,492   

Castings plc

    1,484        11,177   

Catlin Group, Ltd.

    174,373        1,474,461   

Centamin plc

    276,190        273,752   

Centaur Media plc

    92,526        89,910   

Chemring Group plc

    60,407        219,541   

Chesnara plc

    55,231        317,884   

Chime Communications plc

    23,457        110,912   

Cineworld Group plc

    61,490        324,823   

Clarkson plc

    4,513        172,391   

 

MSF-99


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Close Brothers Group plc

    58,401      $ 1,346,718   

Cobham plc

    363,956        1,708,185   

Colt Group S.A. (a) (d)

    208,005        450,335   

Communisis plc

    56,332        54,480   

Computacenter plc

    40,615        414,418   

Connect Group plc

    90,349        218,602   

Consort Medical plc

    15,383        240,830   

Costain Group plc

    21,151        97,243   

Cranswick plc

    24,566        528,206   

Creston plc

    5,272        9,765   

CSR plc

    116,351        1,427,207   

Daily Mail & General Trust plc (d)

    156,527        1,942,673   

Dairy Crest Group plc

    63,445        393,070   

Darty plc

    135,252        162,792   

De La Rue plc

    25,638        198,146   

Debenhams plc

    358,902        339,192   

Dechra Pharmaceuticals plc

    25,049        307,576   

Development Securities plc

    61,163        194,676   

Devro plc

    47,016        181,396   

Dignity plc

    24,431        580,052   

Diploma plc

    53,467        597,174   

Dixons Carphone plc

    188,802        1,119,603   

Domino Printing Sciences plc

    62,672        619,788   

Domino’s Pizza Group plc

    35,814        328,415   

Drax Group plc

    120,032        1,252,218   

DS Smith plc

    336,909        1,445,948   

Dunelm Group plc

    11,505        153,733   

E2V Technologies plc

    61,165        159,550   

Electrocomponents plc

    168,669        605,900   

Elementis plc

    196,653        810,322   

EnQuest plc (a) (d)

    429,925        763,761   

Enterprise Inns plc (a)

    256,620        516,449   

Essentra plc

    78,989        1,015,662   

Euromoney Institutional Investor plc

    14,736        242,502   

Exillon Energy plc (a)

    19,973        50,831   

Fenner plc

    100,550        517,144   

Ferrexpo plc

    36,701        66,810   

Fidessa Group plc

    20,495        760,945   

Findel plc (a)

    17,439        68,436   

Firstgroup plc (a)

    412,049        797,665   

Fortune Oil plc

    575,627        80,444   

Fuller Smith & Turner

    7,667        112,018   

Galliford Try plc

    41,886        854,196   

Gem Diamonds, Ltd. (a)

    50,253        156,152   

Genus plc

    27,158        494,149   

Go-Ahead Group plc

    22,995        946,083   

Greene King plc

    85,536        1,082,680   

Greggs plc

    32,917        315,916   

Halfords Group plc

    119,495        914,232   

Halma plc

    130,691        1,290,792   

Hansard Global plc

    2,566        4,193   

Hardy Oil & Gas plc (a)

    14,946        24,796   

Hays plc

    644,027        1,207,488   

Headlam Group plc

    56,842        377,739   

Helical Bar plc

    65,404        371,050   

Henderson Group plc

    548,846        1,795,956   

Hikma Pharmaceuticals plc

    82,141        2,301,434   

United Kingdom—(Continued)

  

Hill & Smith Holdings plc

    46,114      419,085   

Hilton Food Group plc

    1,888        12,731   

Hiscox, Ltd.

    183,522        1,873,555   

Hochschild Mining plc (a)

    49,761        108,948   

Hogg Robinson Group plc

    72,262        53,643   

Home Retail Group plc

    448,340        1,205,096   

Homeserve plc

    170,640        884,297   

Hornby plc (a)

    1,884        2,139   

Howden Joinery Group plc

    223,492        1,221,968   

Hunting plc

    34,598        497,373   

Huntsworth plc

    31,310        24,775   

Hyder Consulting plc

    15,303        185,652   

ICAP plc (d)

    145,141        907,487   

IG Group Holdings plc

    105,180        1,012,905   

Imagination Technologies Group plc (a)

    17,170        52,422   

Inchcape plc

    151,334        1,577,340   

Informa plc

    241,241        1,911,662   

Inmarsat plc

    79,615        901,703   

Innovation Group plc

    525,112        241,522   

Intermediate Capital Group plc

    32,693        207,232   

International Personal Finance plc

    83,965        660,989   

Interserve plc

    82,100        796,834   

IP Group plc (a)

    139,902        460,591   

ITE Group plc

    53,863        147,429   

James Fisher & Sons plc

    20,889        448,842   

Jardine Lloyd Thompson Group plc

    65,575        1,033,854   

JD Sports Fashion plc

    36,964        256,952   

JD Wetherspoon plc

    48,692        629,238   

JKX Oil & Gas plc (a)

    48,421        37,560   

John Menzies plc

    14,551        134,171   

John Wood Group plc

    112,658        1,378,143   

Johnston Press plc (a)

    221,296        12,282   

Jupiter Fund Management plc

    56,629        324,144   

Kcom Group plc

    281,704        431,530   

Keller Group plc

    22,093        313,639   

Kier Group plc

    12,120        322,988   

Ladbrokes plc (d)

    240,160        503,599   

Laird plc

    156,521        784,985   

Lancashire Holdings, Ltd.

    50,563        523,925   

Laura Ashley Holdings plc

    25,157        10,720   

Lavendon Group plc

    44,306        144,857   

Lonmin plc (a) (d)

    113,391        339,883   

Lookers plc

    122,220        265,353   

Low & Bonar plc

    37,972        37,036   

LSL Property Services plc

    4,671        24,671   

Man Group plc

    757,211        1,449,987   

Marshalls plc

    63,336        205,820   

Marston’s plc

    318,910        760,774   

McBride plc (a)

    96,041        135,428   

Mears Group plc

    51,685        365,687   

Mecom Group plc (a)

    42,085        97,884   

Melrose Industries plc

    54,219        216,436   

Michael Page International plc

    65,403        442,362   

Micro Focus International plc

    74,994        1,288,667   

Millennium & Copthorne Hotels plc

    74,043        683,990   

Mitchells & Butlers plc (a)

    67,625        391,426   

Mitie Group plc (d)

    94,015        437,278   

 

MSF-100


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

  

Moneysupermarket.com Group plc

    121,798      $ 386,542   

Morgan Advanced Materials plc

    155,365        747,291   

Morgan Sindall Group plc

    12,105        160,234   

Mothercare plc (a) (d)

    24,672        107,178   

N Brown Group plc

    78,447        485,215   

National Express Group plc

    260,013        998,328   

NCC Group plc

    73,096        232,025   

New World Resources plc -
A Shares (a) (d)

    11,898        372   

Northgate plc

    45,161        353,782   

Novae Group plc

    22,502        195,968   

Optos plc (a)

    26,295        83,760   

Oxford Biomedica plc (a)

    67,707        4,089   

Oxford Instruments plc

    13,946        230,233   

Pace plc

    170,988        820,640   

PayPoint plc

    24,349        388,393   

Pendragon plc

    294,775        158,272   

Pennon Group plc

    102,808        1,317,155   

Persimmon plc (a)

    2,361        50,746   

Petra Diamonds, Ltd. (a)

    147,321        452,812   

Petropavlovsk plc (a) (d)

    68,962        24,579   

Phoenix Group Holdings

    35,981        424,314   

Phoenix IT Group, Ltd.

    21,830        40,182   

Photo-Me International plc

    27,274        58,116   

Playtech plc

    4,544        52,753   

Premier Farnell plc

    128,115        377,790   

Premier Foods plc (a) (d)

    329,141        194,702   

Premier Oil plc

    153,741        828,494   

Punch Taverns plc (a)

    322,649        46,866   

PV Crystalox Solar plc (a) (d)

    36,217        8,809   

PZ Cussons plc

    95,810        568,075   

QinetiQ Group plc

    338,186        1,230,271   

Quintain Estates & Development plc (a)

    254,907        367,468   

Rank Group plc

    18,115        47,298   

Rathbone Brothers plc

    24,973        771,876   

Raven Russia, Ltd. (a)

    74,141        77,777   

REA Holdings plc

    1,120        7,356   

Redrow plc

    166,873        759,065   

Regus plc

    206,169        566,327   

Renishaw plc

    17,538        463,348   

Renold plc (a)

    64,766        58,889   

Renovo Group plc (a)

    13,825        3,458   

Rentokil Initial plc

    461,936        877,065   

Restaurant Group plc (The)

    119,275        1,259,948   

Ricardo plc

    10,889        118,348   

Rightmove plc

    25,501        883,987   

RM plc

    43,283        110,127   

Robert Walters plc

    14,599        71,568   

Rotork plc

    28,630        1,279,650   

RPC Group plc

    92,930        839,573   

RPS Group plc

    111,368        470,823   

Salamander Energy plc (a)

    73,275        118,810   

Savills plc

    69,739        690,861   

SDL plc (a)

    38,231        213,789   

Senior plc

    172,051        746,952   

Sepura plc

    11,245        25,699   

Serco Group plc (d)

    45,096        208,881   

Severfield plc (a)

    98,696        101,495   

Shanks Group plc

    152,632        222,365   

United Kingdom—(Continued)

  

SIG plc

    166,769      448,591   

Soco International plc (a) (c)

    50,968        313,585   

Spectris plc

    42,891        1,251,730   

Speedy Hire plc

    183,326        209,422   

Spirax-Sarco Engineering plc

    25,034        1,139,637   

Spirent Communications plc

    212,310        359,496   

Spirit Pub Co. plc

    253,343        394,648   

Sportech plc (a)

    20,264        17,242   

St. Ives plc

    36,663        118,707   

St. Modwen Properties plc

    110,240        655,453   

Stagecoach Group plc

    135,346        804,941   

Sthree plc

    35,906        203,795   

Stobart Group, Ltd.

    7,112        12,794   

SuperGroup plc (a)

    17,932        328,626   

Synergy Health plc

    30,931        734,621   

Synthomer plc

    163,534        558,936   

TalkTalk Telecom Group plc (d)

    188,301        909,537   

Ted Baker plc

    6,525        196,953   

Telecity Group plc

    46,585        563,072   

Telecom Plus plc

    21,749        470,339   

Thomas Cook Group plc (a)

    485,971        931,068   

Thorntons plc (a) (d)

    25,294        43,339   

Tipp24 SE (d)

    1,676        63,460   

Topps Tiles plc

    106,295        178,995   

Tribal Group plc

    21,793        60,238   

Trifast plc

    6,100        10,504   

Trinity Mirror plc (a)

    174,518        477,574   

TT electronics plc

    79,682        215,467   

Tullett Prebon plc

    100,781        437,652   

UBM plc

    55,446        522,024   

Ultra Electronics Holdings plc

    18,262        522,019   

UNITE Group plc

    93,231        641,230   

UTV Media plc

    54,341        191,050   

Vectura Group plc (a)

    199,135        424,034   

Vedanta Resources plc (d)

    11,830        191,414   

Vesuvius plc

    108,451        793,964   

Victrex plc

    43,917        1,142,248   

Vislink plc

    18,322        13,696   

Vitec Group plc (The)

    10,351        102,962   

Volex plc (a) (d)

    20,438        28,262   

Vp plc

    1,199        11,846   

WH Smith plc (d)

    85,603        1,500,230   

William Hill plc

    12,647        75,502   

Wincanton plc (a)

    37,122        81,966   

WS Atkins plc

    68,957        1,464,758   

Xaar plc

    18,088        110,576   

Xchanging plc

    144,207        439,234   

XP Power, Ltd. (d)

    3,554        88,194   
   

 

 

 
      142,737,860   
   

 

 

 

United States—0.0%

  

Kofax, Ltd. (a) (d)

    9,705        75,839   

Performance Sports Group, Ltd. (a)

    8,035        130,574   
   

 

 

 
      206,413   
   

 

 

 

Total Common Stocks
(Cost $544,214,539)

      680,613,833   
   

 

 

 

 

MSF-101


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Warrants—0.0%

 

Security Description  

Shares

    Value  

France—0.0%

  

Bigben Interactive, Expires 01/31/16 (a) (d)

    2,504      $ 177   

Peugeot S.A., Expires 04/29/17 (a) (d)

    37,313        69,844   
   

 

 

 

Total Warrants
(Cost $38,935)

      70,021   
   

 

 

 
Rights—0.0%   

Australia—0.0%

  

Arrium, Ltd., Expires 10/08/14 (a)

    486,144        426   

Elemental Minerals, Ltd., Expires 10/08/14 (a) (c)

    4,411        0   
   

 

 

 
      426   
   

 

 

 

Austria—0.0%

  

Intercell AG (a) (b) (c)

    24,163        0   
   

 

 

 

Belgium—0.0%

  

Nyrstar NV (a)

    29,235        22,524   
   

 

 

 

Germany—0.0%

  

PNE Wind AG (a)

    7        0   

SGL Carbon SE, Expires
10/31/14 (a)

    14,081        14,762   
   

 

 

 
      14,762   
   

 

 

 

Hong Kong—0.0%

  

Integrated Waste Solutions Group Holdings,
Ltd., Expires 10/07/14 (a) (c)

    252,000        3,083   
   

 

 

 

Portugal—0.0%

  

Mota-Engil SGPS S.A., Expires 12/31/49 (a) (b) (c)

    40,942        0   
   

 

 

 

Sweden—0.0%

  

Kungsleden AB, Expires
10/08/14 (a) (d)

    39,834        14,352   
   

 

 

 

United Kingdom—0.0%

  

New World Resources plc, Expires 09/29/14 (a)

    226,062        0   
   

 

 

 

Total Rights
(Cost $131,634)

      55,147   
   

 

 

 
Short-Term Investments—17.0%   

Mutual Fund—16.6%

  

State Street Navigator Securities Lending MET Portfolio (e)

    114,221,146        114,221,146   
   

 

 

 

Repurchase Agreement—0.4%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $2,684,896 on 10/01/14, collateralized by $2,740,000 U.S. Treasury Note at 0.250% due 08/15/15 with a value of $2,743,425.

    2,684,896      2,684,896   
   

 

 

 

Total Short-Term Investments
(Cost $116,906,042)

      116,906,042   
   

 

 

 

Total Investments—116.2%
(Cost $661,291,150) (f)

      797,645,043   

Other assets and liabilities
(net)—(16.2)%

      (111,284,297
   

 

 

 
Net Assets—100.0%     $ 686,360,746   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2014, these securities represent less than 0.05% of net assets.
(c) Illiquid security. As of September 30, 2014, these securities represent 0.1% of net assets.
(d) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $108,714,239 and the collateral received consisted of cash in the amount of $114,221,146 and non-cash collateral with a value of $1,548,708. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of September 30, 2014, the aggregate cost of investments was $661,291,150. The aggregate unrealized appreciation and depreciation of investments were $210,115,628 and $(73,761,735), respectively, resulting in net unrealized appreciation of $136,353,893.

 

Ten Largest Industries as of
September 30, 2014 (Unaudited)

  

% of
Net Assets

 

Machinery

     5.6   

Banks

     4.5   

Construction & Engineering

     3.9   

Metals & Mining

     3.9   

Hotels, Restaurants & Leisure

     3.8   

Real Estate Management & Development

     3.8   

Oil, Gas & Consumable Fuels

     3.4   

Specialty Retail

     3.4   

Media

     3.4   

Electronic Equipment, Instruments & Components

     3.1   

 

MSF-102


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Australia

   $ 21,499       $ 37,790,122       $ 34,998       $ 37,846,619   

Austria

     3,562         6,614,268         0         6,617,830   

Belgium

     248,169         8,722,487         —           8,970,656   

Cambodia

     —           260,222         —           260,222   

Canada

     64,808,745         17,467         3,724         64,829,936   

China

     —           22,200         —           22,200   

Denmark

     —           14,506,642         —           14,506,642   

Finland

     —           17,525,775         —           17,525,775   

France

     —           26,801,650         0         26,801,650   

Germany

     38,190         35,055,609         —           35,093,799   

Greece

     —           —           0         0   

Hong Kong

     233,491         20,332,566         241,507         20,807,564   

Ireland

     561,163         9,826,320         —           10,387,483   

Israel

     22,899         6,261,733         —           6,284,632   

Italy

     —           20,469,575         0         20,469,575   

Japan

     855,771         152,932,972         —           153,788,743   

Netherlands

     —           15,637,124         0         15,637,124   

New Zealand

     7,900         7,999,273         0         8,007,173   

Norway

     —           7,624,695         —           7,624,695   

Philippines

     —           20,767         —           20,767   

Portugal

     —           4,863,141         0         4,863,141   

Singapore

     91,104         9,156,043         —           9,247,147   

Spain

     —           13,970,018         0         13,970,018   

Sweden

     1,856         23,912,304         —           23,914,160   

Switzerland

     1,905,077         28,001,185         —           29,906,262   

United Arab Emirates

     —           265,747         —           265,747   

United Kingdom

     —           142,737,860         —           142,737,860   

United States

     130,574         75,839         —           206,413   

Total Common Stocks

     68,930,000         611,403,604         280,229         680,613,833   

Total Warrants*

     70,021         —           —           70,021   
Rights            

Australia

     426         —           —           426   

Austria

     —           —           0         0   

Belgium

     22,524         —           —           22,524   

Germany

     14,762         —           —           14,762   

Hong Kong

     3,083         —           —           3,083   

Portugal

     —           —           0         0   

 

MSF-103


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Sweden

   $ 14,352       $ —        $ —         $ 14,352   

United Kingdom

     0         —          —           0   

Total Rights

     55,147         —          0         55,147   
Short-Term Investments           

Mutual Fund

     114,221,146         —          —           114,221,146   

Repurchase Agreement

     —           2,684,896        —           2,684,896   

Total Short-Term Investments

     114,221,146         2,684,896        —           116,906,042   

Total Investments

   $ 183,276,314       $ 614,088,500      $ 280,229       $ 797,645,043   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (114,221,146   $ —         $ (114,221,146

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 2 to Level 1 in the amount of $3,285,988 were due to the discontinuation of a systematic fair valuation model factor. Transfers from Level 1 to Level 2 in the amount of $741,666 were due to the application of a systematic fair valuation model factor

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

 

Investments in
Securities

  Balance as of
December 31,
2013
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases     Sales     Transfers
in to
Level 3
    Transfers
out of
Level 3
    Balance
as of
September 30,
2014
    Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
Still Held at
September 30,
2014
 
Common Stocks                  

Australia

  $ 24,817      $ (82,124   $ 11,967      $      $ (2,818   $ 83,156      $      $ 34,998      $ (51,447

Belgium

    137,117                                           (137,117              

Canada

                  (6,026                   9,750               3,724        (6,026

France

           (56,659     65,015               (8,356                            

Greece

                  (171,776                   171,776                        

Hong Kong

    51,560        (39,455     75,359        183,247        (71,368     56,517        (14,353     241,507        (2,017

Japan

    107,568               (16,452            (91,116                            

Portugal

           142,866        (218,510            (334,497     410,141                        
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 321,062      $ (35,372   $ (260,423   $ 183,247      $ (508,155   $ 731,340      $ (151,470   $ 280,229      $ (59,490
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common stocks in the amount of $731,340 were transferred into Level 3 due to trading halts on the securities’ respective exchanges which resulted in the lack of observable inputs.

Common stocks in the amount of $151,470 were transferred out of Level 3 due to the resumption of trading activity which resulted in the availability of significant observable inputs.

 

MSF-104


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio

Schedule of Investments as of September 30, 2014 (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)

    692,779      $ 6,969,357   

BlackRock Bond Income Portfolio (Class A) (a)

    811,183        88,410,881   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    179,862        7,007,424   

BlackRock High Yield Portfolio (Class A) (b)

    422,216        3,487,504   

BlackRock Large Cap Value Portfolio (Class A) (a)

    723,225        6,971,894   

Clarion Global Real Estate Portfolio (Class A) (b)

    600,986        6,971,437   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    225,484        3,485,981   

Harris Oakmark International Portfolio (Class A) (b)

    436,722        6,970,088   

Invesco Comstock Portfolio (Class A) (b)

    902,053        13,945,743   

Jennison Growth Portfolio (Class A) (a)

    443,667        7,005,501   

JPMorgan Core Bond Portfolio (Class A) (b)

    7,203,939        74,272,613   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    212,567        3,483,969   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    269,970        3,501,512   

Met/Artisan International Portfolio (Class A) (b) (c)

    698,541        6,971,444   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    13,018        3,485,386   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    1,365,293        14,089,821   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    4,246,267        42,335,287   

Met/Templeton International Bond Portfolio (Class A) (b)

    1,221,714        14,074,150   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    170,606        1,741,883   

MFS Research International Portfolio (Class A) (b)

    459,427        5,228,282   

MFS Value Portfolio (Class A) (a)

    804,749        13,946,304   

Neuberger Berman Genesis Portfolio (Class A) (a)

    408,875        6,971,327   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    6,225,926        63,317,665   

Affiliated Investment Companies—(Continued)

  

PIMCO Total Return Portfolio (Class A) (b)

    10,679,823      127,089,897   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    295,029        6,998,082   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    405,529        13,946,138   

Third Avenue Small Cap Value Portfolio (Class A) (b)

    178,082        3,485,067   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    1,565,947        21,108,962   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    8,810,300        105,987,905   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    342,533        13,985,608   

WMC Large Cap Research Portfolio (Class A) (b)

    513,831        6,972,691   
   

 

 

 

Total Mutual Funds
(Cost $687,572,565)

      704,219,803   
   

 

 

 

Total Investments—100.0%
(Cost $687,572,565) (d)

      704,219,803   

Other assets and liabilities (net)—0.0%

      (265,397
   

 

 

 
Net Assets—100.0%     $ 703,954,406   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of September 30, 2014, the aggregate cost of investments was $687,572,565. The aggregate unrealized appreciation and depreciation of investments were $26,857,318 and $(10,210,080), respectively, resulting in net unrealized appreciation of $16,647,238.

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 704,219,803       $ —         $ —         $ 704,219,803   

Total Investments

   $ 704,219,803       $ —         $ —         $ 704,219,803   
                                     

 

MSF-105


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of September 30, 2014 (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)

    16,875,778      $ 169,770,323   

BlackRock Bond Income Portfolio (Class A) (a)

    7,533,177        821,040,941   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    4,509,506        175,690,360   

BlackRock High Yield Portfolio (Class A) (b)

    5,301,059        43,786,745   

BlackRock Large Cap Value Portfolio (Class A) (a)

    18,085,994        174,348,978   

Clarion Global Real Estate Portfolio (Class A) (b)

    7,304,414        84,731,200   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    5,630,372        87,552,292   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    2,813,100        43,490,532   

Harris Oakmark International Portfolio (Class A) (b)

    13,330,529        212,755,240   

Invesco Comstock Portfolio (Class A) (b)

    16,986,539        262,611,891   

Invesco Small Cap Growth Portfolio (Class A) (b)

    7,057,806        130,781,149   

Jennison Growth Portfolio (Class A) (a)

    8,337,842        131,654,526   

JPMorgan Core Bond Portfolio (Class A) (b)

    71,483,224        736,992,034   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    5,040,495        82,613,715   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    3,383,256        43,880,832   

Met/Artisan International Portfolio (Class A) (b) (c)

    8,672,285        86,549,405   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    160,921        43,085,089   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    17,028,375        175,732,834   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    34,348,566        342,455,208   

Met/Templeton International Bond Portfolio (Class A) (b)

    22,785,671        262,490,929   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    8,199,814        83,720,098   

MFS Research International Portfolio (Class A) (b)

    11,366,101        129,346,234   

MFS Value Portfolio (Class A) (a)

    17,686,471        306,506,537   

Neuberger Berman Genesis Portfolio (Class A) (a)

    5,070,696        86,455,366   

Affiliated Investment Companies—(Continued)

  

Oppenheimer Global Equity Portfolio (Class A) (b)

    2,143,138      43,698,577   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    50,146,722        509,992,165   

PIMCO Total Return Portfolio (Class A) (b)

    103,441,625        1,230,955,333   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    9,248,758        219,380,536   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    8,912,085        306,486,607   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    3,759,055        43,304,311   

Third Avenue Small Cap Value Portfolio (Class A) (b)

    4,384,861        85,811,727   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    5,818,159        82,385,137   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    12,962,591        174,735,727   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    64,037,066        770,365,909   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    7,518,420        306,977,099   

WMC Large Cap Research Portfolio (Class A) (b)

    12,881,134        174,796,991   
   

 

 

 

Total Mutual Funds
(Cost $7,999,915,348)

      8,666,932,577   
   

 

 

 

Total Investments—100.0%
(Cost $7,999,915,348) (d)

      8,666,932,577   

Other assets and liabilities (net)—0.0%

      (2,378,036
   

 

 

 
Net Assets—100.0%     $ 8,664,554,541   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of September 30, 2014, the aggregate cost of investments was $7,999,915,348. The aggregate unrealized appreciation and depreciation of investments were $746,200,246 and $(79,183,017), respectively, resulting in net unrealized appreciation of $667,017,229.

 

MSF-106


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 8,666,932,577       $ —         $ —         $ 8,666,932,577   

Total Investments

   $ 8,666,932,577       $ —         $ —         $ 8,666,932,577   
                                     

 

MSF-107


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of September 30, 2014 (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)

    40,371,004      $ 406,132,299   

BlackRock Bond Income Portfolio (Class A) (a)

    9,770,467        1,064,883,201   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    13,081,147        509,641,505   

BlackRock High Yield Portfolio (Class A) (b)

    12,229,792        101,018,080   

BlackRock Large Cap Value Portfolio (Class A) (a)

    61,043,932        588,463,506   

Clarion Global Real Estate Portfolio (Class A) (b)

    27,972,601        324,482,170   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    32,606,922        507,037,636   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    5,405,321        83,566,261   

Harris Oakmark International Portfolio (Class A) (b)

    30,295,908        483,522,691   

Invesco Comstock Portfolio (Class A) (b)

    38,227,464        590,996,592   

Invesco Small Cap Growth Portfolio (Class A) (b)

    18,162,458        336,550,346   

Jennison Growth Portfolio (Class A) (a)

    37,603,453        593,758,518   

JPMorgan Core Bond Portfolio (Class A) (b)

    87,410,500        901,202,251   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    9,817,716        160,912,364   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    5,869,148        79,644,332   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    9,112,924        118,194,622   

Met/Artisan International Portfolio (Class A) (b)

    31,853,689        317,899,813   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    618,608        165,626,093   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    10,369,951        160,526,839   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    32,057,300        330,831,337   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    49,211,188        490,635,549   

Met/Templeton International Bond Portfolio (Class A) (b)

    43,931,817        506,094,531   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    27,521,319        280,992,664   

MFS Research International Portfolio (Class A) (b)

    28,963,373        329,603,179   

Affiliated Investment Companies—(Continued)

  

MFS Value Portfolio (Class A) (a)

    43,864,837      $ 760,177,627   

Neuberger Berman Genesis Portfolio (Class A) (a)

    14,463,119        246,596,181   

Oppenheimer Global Equity Portfolio (Class A) (b)

    4,009,701        81,757,803   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    48,795,868        496,253,973   

PIMCO Total Return Portfolio (Class A) (b)

    113,934,059        1,355,815,307   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    21,428,863        508,292,634   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    19,677,765        676,718,336   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    14,498,041        167,017,431   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    11,374,012        248,863,377   

Third Avenue Small Cap Value Portfolio (Class A) (b)

    10,513,260        205,744,490   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    22,235,716        314,857,735   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    14,490,740        195,335,174   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    67,962,244        817,585,799   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    16,637,196        679,296,695   

WMC Large Cap Research Portfolio (Class A) (b)

    30,765,761        417,491,380   
   

 

 

 

Total Mutual Funds
(Cost $14,681,026,014)

      16,604,020,321   
   

 

 

 

Total Investments—100.0%
(Cost $14,681,026,014) (c)

      16,604,020,321   

Other assets and liabilities (net)—0.0%

      (4,274,663
   

 

 

 
Net Assets—100.0%     $ 16,599,745,658   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) As of September 30, 2014, the aggregate cost of investments was $14,681,026,014. The aggregate unrealized appreciation and depreciation of investments were $2,010,037,236 and $(87,042,929), respectively, resulting in net unrealized appreciation of $1,922,994,307.

 

MSF-108


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 16,604,020,321       $ —         $ —         $ 16,604,020,321   

Total Investments

   $ 16,604,020,321       $ —         $ —         $ 16,604,020,321   
                                     

 

MSF-109


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of September 30, 2014 (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)

    42,704,549      $ 429,607,767   

BlackRock Bond Income Portfolio (Class A) (a)

    3,424,567        373,243,563   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    11,555,150        450,188,647   

BlackRock High Yield Portfolio (Class A) (b)

    7,404,233        61,158,961   

BlackRock Large Cap Value Portfolio (Class A) (a)

    46,103,687        444,439,546   

Clarion Global Real Estate Portfolio (Class A) (b)

    31,756,894        368,379,970   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    36,993,137        575,243,285   

Frontier Mid Cap Growth Portfolio (Class A) (a)

    1,718,520        59,993,538   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    12,282,643        189,889,667   

Harris Oakmark International Portfolio (Class A) (b)

    30,443,411        485,876,837   

Invesco Comstock Portfolio (Class A) (b)

    37,126,925        573,982,267   

Invesco Mid Cap Value Portfolio (Class A) (b)

    3,197,843        61,814,309   

Invesco Small Cap Growth Portfolio (Class A) (b)

    20,098,776        372,430,310   

Jennison Growth Portfolio (Class A) (a)

    40,605,749        641,164,773   

JPMorgan Core Bond Portfolio (Class A) (b)

    36,207,880        373,303,239   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    11,173,019        183,125,782   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    13,902,906        188,662,435   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    14,728,303        191,026,084   

Met/Artisan International Portfolio (Class A) (b) (c)

    29,977,786        299,178,305   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    452,976        121,279,843   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    15,475,021        239,553,318   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    11,965,497        123,483,926   

Met/Templeton International Bond Portfolio (Class A) (b)

    32,228,365        371,270,760   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    29,773,881        303,991,326   

MFS Research International Portfolio (Class A) (b)

    32,654,777        371,611,362   

Affiliated Investment Companies—(Continued)

  

MFS Value Portfolio (Class A) (a)

    36,817,693      638,050,619   

Morgan Stanley Mid Cap Growth Portfolio (Class A) (b)

    3,831,951        61,847,690   

Neuberger Berman Genesis Portfolio (Class A) (a)

    7,278,316        124,095,283   

Oppenheimer Global Equity Portfolio (Class A) (b)

    6,013,993        122,625,319   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    17,849,619        181,530,624   

PIMCO Total Return Portfolio (Class A) (b)

    36,492,127        434,256,315   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    24,293,069        576,231,595   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    16,723,048        575,105,624   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    10,935,892        125,981,470   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    8,539,634        186,847,192   

Third Avenue Small Cap Value Portfolio (Class A) (b)

    9,543,297        186,762,326   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    25,235,233        357,330,901   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    9,170,722        123,621,333   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    13,774,725        562,422,028   

WMC Large Cap Research Portfolio (Class A) (b)

    27,683,379        375,663,453   
   

 

 

 

Total Mutual Funds
(Cost $10,457,385,583)

      12,486,271,592   
   

 

 

 

Total Investments—100.0%
(Cost $10,457,385,583) (d)

      12,486,271,592   

Other assets and liabilities (net)—0.0%

      (3,288,001
   

 

 

 
Net Assets—100.0%     $ 12,482,983,591   
   

 

 

 

 

(a) A Portfolio of Metropolitan Series Fund.
(b) A Portfolio of Met Investors Series Trust.
(c) Non-income producing security.
(d) As of September 30, 2014, the aggregate cost of investments was $10,457,385,583. The aggregate unrealized appreciation and depreciation of investments were $2,052,777,082 and $(23,891,073), respectively, resulting in net unrealized appreciation of $2,028,886,009.

 

MSF-110


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 12,486,271,592       $ —         $ —         $ 12,486,271,592   

Total Investments

   $ 12,486,271,592       $ —         $ —         $ 12,486,271,592   
                                     

 

MSF-111


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—96.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.8%

   

Alliant Techsystems, Inc.

    18,118      $ 2,312,582   

BE Aerospace, Inc. (a)

    59,743        5,014,827   

Esterline Technologies Corp. (a)

    18,121        2,016,324   

Exelis, Inc.

    106,845        1,767,216   

Huntington Ingalls Industries, Inc.

    27,554        2,871,402   

Triumph Group, Inc. (b)

    29,175        1,897,834   

Vectrus, Inc. (a)

    1        16   
   

 

 

 
      15,880,201   
   

 

 

 

Airlines—0.5%

  

Alaska Air Group, Inc.

    76,525        3,331,898   

JetBlue Airways Corp. (a) (b)

    139,092        1,477,157   
   

 

 

 
      4,809,055   
   

 

 

 

Auto Components—0.2%

  

Gentex Corp.

    82,949        2,220,545   
   

 

 

 

Automobiles—0.2%

  

Thor Industries, Inc.

    26,311        1,355,016   
   

 

 

 

Banks—4.6%

  

Associated Banc-Corp.

    87,862        1,530,556   

BancorpSouth, Inc.

    48,499        976,770   

Bank of Hawaii Corp. (b)

    25,112        1,426,613   

Cathay General Bancorp

    42,037        1,043,779   

City National Corp.

    27,155        2,054,819   

Commerce Bancshares, Inc. (b)

    44,713        1,996,212   

Cullen/Frost Bankers, Inc. (b)

    31,082        2,378,084   

East West Bancorp, Inc.

    81,350        2,765,900   

First Horizon National Corp.

    134,544        1,652,200   

First Niagara Financial Group, Inc.

    200,806        1,672,714   

FirstMerit Corp.

    93,812        1,651,091   

Fulton Financial Corp.

    106,543        1,180,496   

Hancock Holding Co.

    46,444        1,488,530   

International Bancshares Corp.

    33,017        814,364   

PacWest Bancorp

    54,928        2,264,681   

Prosperity Bancshares, Inc.

    34,032        1,945,609   

Signature Bank (a)

    28,546        3,198,865   

SVB Financial Group (a)

    28,783        3,226,286   

Synovus Financial Corp.

    78,882        1,864,770   

TCF Financial Corp.

    94,658        1,470,039   

Trustmark Corp. (b)

    38,261        881,342   

Umpqua Holdings Corp.

    105,997        1,745,771   

Valley National Bancorp (b)

    108,111        1,047,596   

Webster Financial Corp. (b)

    51,211        1,492,289   
   

 

 

 
      41,769,376   
   

 

 

 

Biotechnology—0.7%

  

Cubist Pharmaceuticals, Inc. (a)

    42,967        2,850,431   

United Therapeutics Corp. (a)

    26,818        3,450,135   
   

 

 

 
      6,300,566   
   

 

 

 

Building Products—0.9%

  

AO Smith Corp.

    42,906        2,028,596   

Fortune Brands Home & Security, Inc.

    89,908        3,696,118   

Building Products—(Continued)

  

Lennox International, Inc.

    25,353      1,948,885   
   

 

 

 
      7,673,599   
   

 

 

 

Capital Markets—1.6%

  

Eaton Vance Corp. (b)

    67,364        2,541,644   

Federated Investors, Inc. - Class B (b)

    54,157        1,590,049   

Janus Capital Group, Inc. (b)

    84,257        1,225,097   

Raymond James Financial, Inc.

    71,334        3,822,076   

SEI Investments Co.

    74,241        2,684,554   

Waddell & Reed Financial, Inc. - Class A

    47,919        2,476,933   
   

 

 

 
      14,340,353   
   

 

 

 

Chemicals—3.1%

  

Albemarle Corp. (b)

    44,390        2,614,571   

Ashland, Inc.

    40,677        4,234,476   

Cabot Corp.

    36,639        1,860,162   

Cytec Industries, Inc. (b)

    40,740        1,926,595   

Minerals Technologies, Inc.

    19,576        1,208,035   

NewMarket Corp. (b)

    6,098        2,323,460   

Olin Corp. (b)

    44,574        1,125,493   

PolyOne Corp.

    52,382        1,863,752   

Rayonier Advanced Materials, Inc (b)

    24,177        795,665   

RPM International, Inc.

    75,746        3,467,652   

Scotts Miracle-Gro Co. (The) - Class A

    25,351        1,394,305   

Sensient Technologies Corp.

    27,357        1,432,139   

Valspar Corp. (The)

    43,250        3,416,317   
   

 

 

 
      27,662,622   
   

 

 

 

Commercial Services & Supplies—1.7%

  

Civeo Corp.

    60,533        702,788   

Clean Harbors, Inc. (a) (b)

    31,307        1,688,073   

Copart, Inc. (a)

    64,360        2,015,433   

Deluxe Corp. (b)

    28,254        1,558,491   

Herman Miller, Inc.

    33,703        1,006,035   

HNI Corp.

    25,587        920,876   

MSA Safety, Inc.

    17,827        880,654   

Rollins, Inc.

    36,383        1,065,294   

RR Donnelley & Sons Co. (b)

    113,355        1,865,823   

Waste Connections, Inc.

    70,417        3,416,633   
   

 

 

 
      15,120,100   
   

 

 

 

Communications Equipment—1.1%

  

ADTRAN, Inc. (b)

    31,036        637,169   

ARRIS Group, Inc. (a)

    74,728        2,118,912   

Ciena Corp. (a) (b)

    60,459        1,010,875   

InterDigital, Inc. (b)

    22,951        913,909   

JDS Uniphase Corp. (a)

    130,505        1,670,464   

Plantronics, Inc.

    24,308        1,161,436   

Polycom, Inc. (a)

    77,726        954,864   

Riverbed Technology, Inc. (a)

    90,614        1,680,437   
   

 

 

 
      10,148,066   
   

 

 

 

Construction & Engineering—0.7%

  

AECOM Technology Corp. (a) (b)

    56,439        1,904,816   

Granite Construction, Inc.

    20,409        649,210   

 

MSF-112


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Construction & Engineering—(Continued)

  

KBR, Inc.

    82,394      $ 1,551,479   

URS Corp.

    39,217        2,259,292   
   

 

 

 
      6,364,797   
   

 

 

 

Construction Materials—0.3%

  

Eagle Materials, Inc.

    28,481        2,900,220   
   

 

 

 

Consumer Finance—0.2%

  

SLM Corp.

    239,950        2,053,972   
   

 

 

 

Containers & Packaging—1.5%

  

Aptargroup, Inc.

    36,978        2,244,565   

Greif, Inc. - Class A

    19,229        842,422   

Packaging Corp. of America

    55,819        3,562,369   

Rock-Tenn Co. - Class A

    81,227        3,864,781   

Silgan Holdings, Inc.

    24,823        1,166,681   

Sonoco Products Co.

    57,719        2,267,779   
   

 

 

 
      13,948,597   
   

 

 

 

Distributors—0.5%

  

LKQ Corp. (a)

    171,259        4,553,777   
   

 

 

 

Diversified Consumer Services—0.9%

  

Apollo Education Group, Inc. (a)

    55,396        1,393,210   

DeVry Education Group, Inc.

    32,527        1,392,481   

Graham Holdings Co. - Class B

    2,498        1,747,576   

Service Corp. International

    119,809        2,532,762   

Sotheby’s (b)

    34,835        1,244,306   
   

 

 

 
      8,310,335   
   

 

 

 

Diversified Financial Services—0.6%

  

CBOE Holdings, Inc.

    48,343        2,587,559   

MSCI, Inc. (a)

    66,117        3,108,821   
   

 

 

 
      5,696,380   
   

 

 

 

Diversified Telecommunication Services—0.4%

  

tw telecom, Inc. (a)

    78,332        3,259,394   
   

 

 

 

Electric Utilities—1.6%

  

Cleco Corp.

    34,253        1,649,282   

Great Plains Energy, Inc. (b)

    87,418        2,112,893   

Hawaiian Electric Industries, Inc. (b)

    58,186        1,544,838   

IDACORP, Inc. (b)

    28,520        1,528,957   

OGE Energy Corp.

    113,031        4,194,580   

PNM Resources, Inc.

    45,191        1,125,708   

Westar Energy, Inc. (b)

    73,579        2,510,516   
   

 

 

 
      14,666,774   
   

 

 

 

Electrical Equipment—0.9%

  

Acuity Brands, Inc.

    24,518        2,886,014   

Hubbell, Inc. - Class B

    30,855        3,718,953   

Regal-Beloit Corp.

    25,635        1,647,049   
   

 

 

 
      8,252,016   
   

 

 

 

Electronic Equipment, Instruments & Components—3.0%

  

Arrow Electronics, Inc. (a)

    56,075      3,103,751   

Avnet, Inc.

    78,440        3,255,260   

Belden, Inc.

    24,533        1,570,603   

Cognex Corp. (a)

    49,211        1,981,727   

FEI Co.

    23,805        1,795,373   

Ingram Micro, Inc. - Class A (a)

    88,281        2,278,533   

Itron, Inc. (a)

    22,265        875,237   

Knowles Corp. (a) (b)

    48,246        1,278,519   

National Instruments Corp.

    57,041        1,764,278   

Tech Data Corp. (a)

    21,701        1,277,321   

Trimble Navigation, Ltd. (a)

    147,461        4,497,560   

Vishay Intertechnology, Inc. (b)

    76,962        1,099,787   

Zebra Technologies Corp. - Class A (a)

    28,804        2,044,220   
   

 

 

 
      26,822,169   
   

 

 

 

Energy Equipment & Services—2.8%

  

Atwood Oceanics, Inc. (a)

    33,947        1,483,144   

CARBO Ceramics, Inc. (b)

    11,142        659,941   

Dresser-Rand Group, Inc. (a)

    43,468        3,575,678   

Dril-Quip, Inc. (a)

    22,681        2,027,681   

Helix Energy Solutions Group, Inc. (a)

    55,687        1,228,455   

Oceaneering International, Inc.

    61,279        3,993,552   

Oil States International, Inc. (a)

    30,683        1,899,278   

Patterson-UTI Energy, Inc.

    82,909        2,697,030   

Rowan Cos. plc - Class A

    70,636        1,787,797   

Superior Energy Services, Inc.

    87,758        2,884,606   

Tidewater, Inc. (b)

    28,209        1,100,997   

Unit Corp. (a)

    26,162        1,534,401   
   

 

 

 
      24,872,560   
   

 

 

 

Food & Staples Retailing—0.3%

  

SUPERVALU, Inc. (a) (b)

    116,880        1,044,907   

United Natural Foods, Inc. (a)

    28,169        1,731,267   
   

 

 

 
      2,776,174   
   

 

 

 

Food Products—1.6%

  

Dean Foods Co. (b)

    53,201        704,913   

Flowers Foods, Inc. (b)

    104,617        1,920,768   

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

    28,569        2,924,037   

Ingredion, Inc.

    42,315        3,207,054   

Lancaster Colony Corp. (b)

    11,013        939,189   

Post Holdings, Inc. (a) (b)

    25,430        843,767   

Tootsie Roll Industries, Inc. (b)

    11,362        318,022   

WhiteWave Foods Co. (The) - Class A (a)

    98,784        3,588,823   
   

 

 

 
      14,446,573   
   

 

 

 

Gas Utilities—1.5%

  

Atmos Energy Corp.

    56,934        2,715,752   

National Fuel Gas Co. (b)

    47,723        3,340,133   

ONE Gas, Inc. (b)

    29,501        1,010,409   

Questar Corp.

    99,444        2,216,607   

UGI Corp.

    97,802        3,334,070   

WGL Holdings, Inc. (b)

    29,468        1,241,192   
   

 

 

 
      13,858,163   
   

 

 

 

 

MSF-113


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—2.9%

  

Align Technology, Inc. (a)

    41,254      $ 2,132,007   

Cooper Cos., Inc. (The)

    27,393        4,266,460   

Hill-Rom Holdings, Inc.

    32,555        1,348,754   

Hologic, Inc. (a)

    137,099        3,335,619   

IDEXX Laboratories, Inc. (a) (b)

    28,521        3,360,629   

ResMed, Inc. (b)

    79,524        3,918,148   

Sirona Dental Systems, Inc. (a)

    31,402        2,407,905   

STERIS Corp.

    33,665        1,816,563   

Teleflex, Inc. (b)

    23,486        2,466,969   

Thoratec Corp. (a)

    31,941        853,783   
   

 

 

 
      25,906,837   
   

 

 

 

Health Care Providers & Services—3.0%

  

Centene Corp. (a)

    33,238        2,749,115   

Community Health Systems, Inc. (a)

    65,393        3,582,883   

Health Net, Inc. (a)

    45,561        2,100,818   

Henry Schein, Inc. (a) (c)

    48,130        5,605,701   

LifePoint Hospitals, Inc. (a)

    25,611        1,772,025   

MEDNAX, Inc. (a)

    56,872        3,117,723   

Omnicare, Inc.

    55,516        3,456,426   

Owens & Minor, Inc. (b)

    35,780        1,171,437   

VCA, Inc. (a)

    48,913        1,923,748   

WellCare Health Plans, Inc. (a)

    24,899        1,502,406   
   

 

 

 
      26,982,282   
   

 

 

 

Health Care Technology—0.2%

  

Allscripts Healthcare Solutions, Inc. (a)

    96,082        1,288,940   

HMS Holdings Corp. (a) (b)

    49,771        938,183   
   

 

 

 
      2,227,123   
   

 

 

 

Hotels, Restaurants & Leisure—1.6%

  

Bally Technologies, Inc. (a) (b)

    21,740        1,754,418   

Brinker International, Inc.

    36,661        1,862,012   

Cheesecake Factory, Inc. (The) (b)

    26,138        1,189,279   

Domino’s Pizza, Inc.

    31,272        2,406,693   

International Game Technology

    140,247        2,365,967   

International Speedway Corp. - Class A (b)

    15,858        501,747   

Life Time Fitness, Inc. (a) (b)

    20,408        1,029,380   

Panera Bread Co. - Class A (a) (b)

    14,588        2,373,759   

Wendy’s Co. (The) (b)

    156,081        1,289,229   
   

 

 

 
      14,772,484   
   

 

 

 

Household Durables—1.6%

  

Jarden Corp. (a)

    67,639        4,065,780   

KB Home (b)

    51,620        771,203   

MDC Holdings, Inc. (b)

    22,156        560,990   

NVR, Inc. (a)

    2,261        2,554,975   

Tempur Sealy International, Inc. (a)

    34,555        1,940,954   

Toll Brothers, Inc. (a)

    91,853        2,862,140   

Tupperware Brands Corp. (b)

    28,589        1,973,785   
   

 

 

 
      14,729,827   
   

 

 

 

Household Products—1.1%

  

Church & Dwight Co., Inc.

    75,832      5,320,373   

Energizer Holdings, Inc.

    35,041        4,317,402   
   

 

 

 
      9,637,775   
   

 

 

 

Industrial Conglomerates—0.3%

  

Carlisle Cos., Inc.

    36,380        2,924,224   
   

 

 

 

Insurance—4.7%

  

Alleghany Corp. (a)

    9,290        3,884,614   

American Financial Group, Inc.

    42,518        2,461,367   

Arthur J. Gallagher & Co.

    90,208        4,091,835   

Aspen Insurance Holdings, Ltd.

    37,140        1,588,478   

Brown & Brown, Inc.

    67,245        2,161,927   

Everest Re Group, Ltd.

    25,799        4,179,696   

First American Financial Corp. (b)

    60,764        1,647,920   

Hanover Insurance Group, Inc. (The)

    24,996        1,535,254   

HCC Insurance Holdings, Inc.

    56,734        2,739,685   

Kemper Corp.

    28,389        969,484   

Mercury General Corp.

    20,587        1,004,851   

Old Republic International Corp.

    137,621        1,965,228   

Primerica, Inc. (b)

    30,806        1,485,465   

Protective Life Corp.

    44,742        3,105,542   

Reinsurance Group of America, Inc.

    38,898        3,116,897   

RenaissanceRe Holdings, Ltd. (b)

    22,990        2,298,770   

StanCorp Financial Group, Inc.

    24,814        1,567,749   

W.R. Berkley Corp.

    57,883        2,766,807   
   

 

 

 
      42,571,569   
   

 

 

 

Internet & Catalog Retail—0.1%

  

HSN, Inc.

    18,403        1,129,392   
   

 

 

 

Internet Software & Services—1.3%

   

AOL, Inc. (a)

    44,632        2,006,208   

Conversant, Inc. (a) (b)

    34,173        1,170,425   

Equinix, Inc. (a) (b)

    30,180        6,412,647   

Rackspace Hosting, Inc. (a) (b)

    67,345        2,192,080   
   

 

 

 
      11,781,360   
   

 

 

 

IT Services—2.7%

  

Acxiom Corp. (a)

    43,771        724,410   

Broadridge Financial Solutions, Inc.

    67,817        2,823,222   

Convergys Corp. (b)

    57,360        1,022,155   

CoreLogic, Inc. (a)

    51,707        1,399,709   

DST Systems, Inc.

    17,358        1,456,683   

Gartner, Inc. (a)

    50,437        3,705,606   

Global Payments, Inc.

    38,685        2,703,308   

Jack Henry & Associates, Inc.

    46,796        2,604,665   

Leidos Holdings, Inc.

    35,284        1,211,300   

NeuStar, Inc. - Class A (a) (b)

    31,824        790,190   

Science Applications International Corp.

    22,942        1,014,725   

VeriFone Systems, Inc. (a)

    64,143        2,205,236   

WEX, Inc. (a)

    21,989        2,425,826   
   

 

 

 
      24,087,035   
   

 

 

 

 

MSF-114


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Leisure Products—0.8%

  

Brunswick Corp.

    52,701      $ 2,220,820   

Polaris Industries, Inc.

    34,429        5,157,120   
   

 

 

 
      7,377,940   
   

 

 

 

Life Sciences Tools & Services—1.3%

  

Bio-Rad Laboratories, Inc. - Class A (a)

    11,629        1,318,728   

Charles River Laboratories International, Inc. (a)

    26,482        1,582,035   

Covance, Inc. (a) (c)

    32,074        2,524,224   

Mettler-Toledo International, Inc. (a)

    16,390        4,197,971   

Techne Corp.

    20,996        1,964,176   
   

 

 

 
      11,587,134   
   

 

 

 

Machinery—5.1%

  

AGCO Corp.

    48,425        2,201,401   

CLARCOR, Inc.

    28,626        1,805,728   

Crane Co.

    28,110        1,776,833   

Donaldson Co., Inc.

    75,427        3,064,599   

Graco, Inc.

    34,088        2,487,742   

Harsco Corp.

    45,846        981,563   

IDEX Corp.

    45,429        3,287,697   

ITT Corp.

    51,969        2,335,487   

Kennametal, Inc.

    44,639        1,844,037   

Lincoln Electric Holdings, Inc.

    45,085        3,116,951   

Nordson Corp.

    33,292        2,532,522   

Oshkosh Corp. (b)

    48,232        2,129,443   

SPX Corp.

    24,148        2,268,222   

Terex Corp. (b)

    62,521        1,986,292   

Timken Co. (The)

    43,260        1,833,791   

Trinity Industries, Inc. (b)

    88,540        4,136,589   

Valmont Industries, Inc. (b)

    14,861        2,005,195   

Wabtec Corp.

    54,642        4,428,188   

Woodward, Inc. (b)

    33,068        1,574,698   
   

 

 

 
      45,796,978   
   

 

 

 

Marine—0.4%

  

Kirby Corp. (a)

    32,373        3,815,158   
   

 

 

 

Media—1.5%

  

AMC Networks, Inc. - Class A (a)

    33,535        1,959,115   

Cinemark Holdings, Inc. (b)

    59,072        2,010,811   

DreamWorks Animation SKG, Inc. - Class A (a) (b)

    40,831        1,113,461   

John Wiley & Sons, Inc. - Class A

    26,619        1,493,592   

Lamar Advertising Co. - Class A

    45,407        2,236,295   

Live Nation Entertainment, Inc. (a)

    81,906        1,967,382   

Meredith Corp. (b)

    20,692        885,618   

New York Times Co. (The) - Class A (b)

    74,187        832,378   

Time, Inc. (a)

    61,806        1,448,114   
   

 

 

 
      13,946,766   
   

 

 

 

Metals & Mining—2.1%

  

Carpenter Technology Corp.

    30,184        1,362,808   

Cliffs Natural Resources, Inc. (b)

    86,907        902,095   

Commercial Metals Co.

    66,848        1,141,095   

Compass Minerals International, Inc.

    19,043        1,604,944   

Reliance Steel & Aluminum Co.

    44,234        3,025,605   

Metals & Mining—(Continued)

  

Royal Gold, Inc.

    36,954      2,399,793   

Steel Dynamics, Inc.

    136,185        3,079,143   

TimkenSteel Corp.

    21,629        1,005,532   

United States Steel Corp. (b)

    82,335        3,225,062   

Worthington Industries, Inc.

    28,832        1,073,127   
   

 

 

 
      18,819,204   
   

 

 

 

Multi-Utilities—1.1%

  

Alliant Energy Corp.

    62,939        3,487,450   

Black Hills Corp.

    25,327        1,212,657   

MDU Resources Group, Inc.

    110,034        3,060,045   

Vectren Corp.

    46,808        1,867,639   
   

 

 

 
      9,627,791   
   

 

 

 

Multiline Retail—0.3%

  

Big Lots, Inc.

    31,799        1,368,947   

J.C. Penney Co., Inc. (a) (b)

    172,947        1,736,388   
   

 

 

 
      3,105,335   
   

 

 

 

Oil, Gas & Consumable Fuels—2.4%

  

Energen Corp.

    41,527        2,999,910   

Gulfport Energy Corp. (a)

    48,507        2,590,274   

HollyFrontier Corp.

    112,648        4,920,465   

Peabody Energy Corp. (b)

    154,013        1,906,681   

Rosetta Resources, Inc. (a)

    34,881        1,554,297   

SM Energy Co.

    38,223        2,981,394   

World Fuel Services Corp. (b)

    41,009        1,637,079   

WPX Energy, Inc. (a)

    115,127        2,769,956   
   

 

 

 
      21,360,056   
   

 

 

 

Paper & Forest Products—0.3%

  

Domtar Corp.

    36,878        1,295,524   

Louisiana-Pacific Corp. (a) (b)

    80,228        1,090,299   
   

 

 

 
      2,385,823   
   

 

 

 

Pharmaceuticals—1.3%

  

Endo International plc (a)

    87,071        5,950,432   

Salix Pharmaceuticals, Ltd. (a)

    36,134        5,645,576   
   

 

 

 
      11,596,008   
   

 

 

 

Professional Services—1.0%

  

Corporate Executive Board Co. (The)

    19,138        1,149,620   

FTI Consulting, Inc. (a)

    23,177        810,268   

Manpowergroup, Inc.

    45,230        3,170,623   

Towers Watson & Co. - Class A

    39,836        3,963,682   
   

 

 

 
      9,094,193   
   

 

 

 

Real Estate Investment Trusts—8.6%

  

Alexandria Real Estate Equities, Inc.

    40,707        3,002,141   

American Campus Communities, Inc.

    59,532        2,169,942   

BioMed Realty Trust, Inc.

    110,713        2,236,403   

Camden Property Trust

    48,546        3,326,857   

Corporate Office Properties Trust

    49,743        1,279,390   

Corrections Corp. of America (b)

    66,055        2,269,650   

 

MSF-115


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

Duke Realty Corp.

    193,556      $ 3,325,292   

Equity One, Inc.

    43,556        942,116   

Extra Space Storage, Inc.

    62,531        3,224,724   

Federal Realty Investment Trust (b)

    38,420        4,551,233   

Highwoods Properties, Inc.

    51,266        1,994,248   

Home Properties, Inc.

    32,413        1,887,733   

Hospitality Properties Trust

    84,986        2,281,874   

Kilroy Realty Corp. (b)

    47,191        2,805,033   

LaSalle Hotel Properties

    59,043        2,021,632   

Liberty Property Trust

    84,024        2,794,638   

Mack-Cali Realty Corp.

    47,456        906,884   

Mid-America Apartment Communities, Inc.

    42,662        2,800,760   

National Retail Properties, Inc. (b)

    70,962        2,453,156   

Omega Healthcare Investors, Inc.

    72,188        2,468,108   

Potlatch Corp.

    23,029        925,996   

Rayonier, Inc.

    71,793        2,235,634   

Realty Income Corp. (b)

    126,304        5,151,940   

Regency Centers Corp.

    52,399        2,820,638   

Senior Housing Properties Trust

    115,606        2,418,478   

SL Green Realty Corp. (b)

    54,238        5,495,394   

Taubman Centers, Inc.

    35,923        2,622,379   

UDR, Inc.

    142,800        3,891,300   

Washington Prime Group, Inc.

    88,031        1,538,782   

Weingarten Realty Investors (b)

    63,807        2,009,921   
   

 

 

 
      77,852,276   
   

 

 

 

Real Estate Management & Development—0.5%

  

Alexander & Baldwin, Inc.

    25,720        925,149   

Jones Lang LaSalle, Inc.

    25,424        3,212,068   
   

 

 

 
      4,137,217   
   

 

 

 

Road & Rail—1.5%

  

Con-way, Inc.

    32,630        1,549,925   

Genesee & Wyoming, Inc. - Class A (a)

    28,988        2,762,846   

J.B. Hunt Transport Services, Inc.

    52,237        3,868,150   

Landstar System, Inc.

    25,355        1,830,378   

Old Dominion Freight Line, Inc. (a)

    38,619        2,728,046   

Werner Enterprises, Inc. (b)

    25,275        636,930   
   

 

 

 
      13,376,275   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.0%

  

Advanced Micro Devices, Inc. (a) (b)

    352,891        1,203,358   

Atmel Corp. (a) (c)

    237,453        1,918,620   

Cree, Inc. (a) (b)

    68,105        2,788,900   

Cypress Semiconductor Corp. (b)

    83,123        820,840   

Fairchild Semiconductor International, Inc. (a)

    68,153        1,058,416   

Integrated Device Technology, Inc. (a)

    84,418        1,346,467   

International Rectifier Corp. (a)

    40,584        1,592,516   

Intersil Corp. - Class A

    73,479        1,044,137   

RF Micro Devices, Inc. (a) (b)

    163,182        1,883,120   

Semtech Corp. (a)

    38,214        1,037,510   

Silicon Laboratories, Inc. (a)

    22,910        931,063   

Skyworks Solutions, Inc.

    107,527        6,241,942   

SunEdison, Inc. (a) (b)

    141,872        2,678,543   

Teradyne, Inc. (b)

    116,122        2,251,606   
   

 

 

 
      26,797,038   
   

 

 

 

Software—4.6%

  

ACI Worldwide, Inc. (a)

    64,722      1,214,185   

Advent Software, Inc. (b)

    25,156        793,923   

ANSYS, Inc. (a)

    52,204        3,950,277   

Cadence Design Systems, Inc. (a) (b)

    164,552        2,831,940   

CDK Global, Inc. (a)

    90,948        2,782,099   

CommVault Systems, Inc. (a)

    24,167        1,218,017   

Compuware Corp.

    124,895        1,325,136   

Concur Technologies, Inc. (a) (b)

    27,182        3,447,221   

FactSet Research Systems, Inc. (b)

    22,199        2,697,845   

Fair Isaac Corp. (b)

    18,240        1,005,024   

Fortinet, Inc. (a)

    78,049        1,971,908   

Informatica Corp. (a)

    62,409        2,136,884   

Mentor Graphics Corp.

    54,819        1,123,515   

PTC, Inc. (a)

    66,554        2,455,843   

Rovi Corp. (a)

    53,744        1,061,175   

SolarWinds, Inc. (a)

    37,213        1,564,807   

Solera Holdings, Inc.

    38,925        2,193,813   

Synopsys, Inc. (a)

    88,407        3,509,316   

TIBCO Software, Inc. (a)

    86,476        2,043,428   

Ultimate Software Group, Inc. (The) (a) (b)

    16,034        2,268,971   
   

 

 

 
      41,595,327   
   

 

 

 

Specialty Retail—3.9%

  

Aaron’s, Inc.

    36,512        887,972   

Abercrombie & Fitch Co. - Class A (b)

    40,490        1,471,407   

Advance Auto Parts, Inc.

    41,402        5,394,680   

American Eagle Outfitters, Inc. (b)

    99,279        1,441,531   

ANN, Inc. (a)

    25,953        1,067,447   

Ascena Retail Group, Inc. (a)

    74,291        988,070   

Cabela’s, Inc. (a) (b)

    27,011        1,590,948   

Chico’s FAS, Inc.

    86,685        1,280,337   

CST Brands, Inc.

    42,903        1,542,363   

Dick’s Sporting Goods, Inc. (b)

    56,403        2,474,964   

Foot Locker, Inc.

    81,535        4,537,423   

Guess?, Inc.

    36,259        796,610   

Murphy USA, Inc. (a)

    24,385        1,293,868   

Office Depot, Inc. (a) (b)

    274,492        1,410,889   

Rent-A-Center, Inc. (b)

    29,985        910,045   

Signet Jewelers, Ltd.

    45,510        5,184,044   

Williams-Sonoma, Inc. (b)

    49,658        3,305,733   
   

 

 

 
      35,578,331   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.0%

  

3D Systems Corp. (a) (b)

    58,621        2,718,256   

Diebold, Inc. (b)

    36,655        1,294,654   

Lexmark International, Inc. - Class A (b)

    35,326        1,501,355   

NCR Corp. (a)

    95,314        3,184,441   
   

 

 

 
      8,698,706   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.4%

  

Carter’s, Inc.

    30,151        2,337,306   

Deckers Outdoor Corp. (a) (b)

    19,647        1,909,295   

Hanesbrands, Inc.

    56,525        6,073,046   

Kate Spade & Co. (a)

    71,994        1,888,403   
   

 

 

 
      12,208,050   
   

 

 

 

 

MSF-116


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Thrifts & Mortgage Finance—0.6%

  

Astoria Financial Corp.

    49,704      $ 615,833   

New York Community Bancorp, Inc. (b)

    251,136        3,985,528   

Washington Federal, Inc.

    56,458        1,149,485   
   

 

 

 
      5,750,846   
   

 

 

 

Tobacco—0.1%

  

Universal Corp. (b)

    13,145        583,507   
   

 

 

 

Trading Companies & Distributors—0.8%

  

GATX Corp. (b)

    25,417        1,483,590   

MSC Industrial Direct Co., Inc. - Class A

    29,037        2,481,502   

NOW, Inc. (a) (b)

    60,738        1,847,043   

Watsco, Inc.

    15,471        1,333,291   
   

 

 

 
      7,145,426   
   

 

 

 

Water Utilities—0.3%

  

Aqua America, Inc.

    100,522        2,365,283   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

Telephone & Data Systems, Inc.

    56,145        1,345,234   
   

 

 

 

Total Common Stocks
(Cost $615,426,074)

      872,757,210   
   

 

 

 
Investment Company Security—0.6%   

SPDR S&P MidCap 400 ETF Trust (b)
(Cost $6,052,081)

    23,600        5,883,952   
   

 

 

 
Short-Term Investments—20.6%   

Discount Notes—2.6%

  

Federal Home Loan Bank

   

0.005%, 10/27/14 (d)

    225,000        224,999   

0.059%, 10/24/14 (d)

    8,500,000        8,499,668   

0.069%, 11/12/14 (d)

    8,025,000        8,024,351   

0.072%, 10/29/14 (d)

    2,425,000        2,424,862   

0.096%, 02/25/15 (d)

    3,400,000        3,398,681   

Federal National Mortgage Association

   

0.019%, 12/24/14 (d)

    800,000        799,964   
   

 

 

 
      23,372,525   
   

 

 

 
Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—17.7%

   

State Street Navigator Securities Lending MET Portfolio (e)

    160,134,328      $ 160,134,328   
   

 

 

 

U.S. Treasury—0.3%

   

U.S. Treasury Bills

   

0.018%, 11/06/14 (d)

    225,000        224,996   

0.028%, 03/19/15 (d)

    2,100,000        2,099,728   
   

 

 

 
      2,324,724   
   

 

 

 

Total Short-Term Investments
(Cost $185,831,577)

      185,831,577   
   

 

 

 

Total Investments—117.9%
(Cost $807,309,732) (f)

      1,064,472,739   

Other assets and liabilities (net)—(17.9)%

      (161,568,980
   

 

 

 
Net Assets—100.0%     $ 902,903,759   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $158,729,477 and the collateral received consisted of cash in the amount of $160,134,328 and non-cash collateral with a value of $4,467,735. 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 is 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, 2014, the market value of securities pledged was $4,821,550.
(d) The rate shown represents current yield to maturity.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) As of September 30, 2014, the aggregate cost of investments was $807,309,732. The aggregate unrealized appreciation and depreciation of investments were $287,170,329 and $(30,007,322), respectively, resulting in net unrealized appreciation of $257,163,007.
(ETF)— Exchange-Traded Fund

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

S&P Midcap 400 E-Mini Index Futures

     12/19/14         170         USD         24,216,043       $ (1,004,243
              

 

 

 

 

(USD)— United States Dollar

 

 

MSF-117


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 872,757,210      $ —        $ —         $ 872,757,210   

Total Investment Company Security

     5,883,952        —          —           5,883,952   
Short-Term Investments          

Discount Notes

     —          23,372,525        —           23,372,525   

Mutual Fund

     160,134,328        —          —           160,134,328   

U.S. Treasury

     —          2,324,724        —           2,324,724   

Total Short-Term Investments

     160,134,328        25,697,249        —           185,831,577   

Total Investments

   $ 1,038,775,490      $ 25,697,249      $ —         $ 1,064,472,739   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (160,134,328   $ —         $ (160,134,328
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (1,004,243   $ —        $ —         $ (1,004,243

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-118


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—99.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.6%

  

Boeing Co. (The)

    243,266      $ 30,987,223   

General Dynamics Corp.

    115,286        14,651,698   

Honeywell International, Inc.

    284,056        26,451,295   

L-3 Communications Holdings, Inc.

    31,302        3,722,434   

Lockheed Martin Corp.

    97,928        17,899,280   

Northrop Grumman Corp.

    75,480        9,945,245   

Precision Castparts Corp.

    52,080        12,336,710   

Raytheon Co.

    112,788        11,461,516   

Rockwell Collins, Inc. (a)

    49,040        3,849,640   

Textron, Inc.

    101,347        3,647,478   

United Technologies Corp.

    308,823        32,611,709   
   

 

 

 
      167,564,228   
   

 

 

 

Air Freight & Logistics—0.7%

  

C.H. Robinson Worldwide, Inc. (a)

    53,417        3,542,615   

Expeditors International of Washington, Inc.

    70,822        2,873,957   

FedEx Corp.

    96,354        15,556,353   

United Parcel Service, Inc. - Class B

    255,327        25,096,091   
   

 

 

 
      47,069,016   
   

 

 

 

Airlines—0.3%

  

Delta Air Lines, Inc.

    306,003        11,062,009   

Southwest Airlines Co.

    248,699        8,398,565   
   

 

 

 
      19,460,574   
   

 

 

 

Auto Components—0.4%

  

BorgWarner, Inc.

    82,911        4,361,948   

Delphi Automotive plc

    108,763        6,671,522   

Goodyear Tire & Rubber Co. (The)

    99,936        2,257,055   

Johnson Controls, Inc.

    241,751        10,637,044   
   

 

 

 
      23,927,569   
   

 

 

 

Automobiles—0.6%

  

Ford Motor Co.

    1,407,844        20,822,013   

General Motors Co.

    489,287        15,627,827   

Harley-Davidson, Inc.

    78,937        4,594,133   
   

 

 

 
      41,043,973   
   

 

 

 

Banks—6.0%

  

Bank of America Corp.

    3,817,161        65,082,595   

BB&T Corp.

    261,202        9,719,326   

Citigroup, Inc.

    1,100,505        57,028,169   

Comerica, Inc.

    65,638        3,272,711   

Fifth Third Bancorp

    302,819        6,062,436   

Huntington Bancshares, Inc.

    296,564        2,885,568   

JPMorgan Chase & Co.

    1,365,310        82,246,274   

KeyCorp

    318,278        4,242,646   

M&T Bank Corp. (a)

    47,903        5,905,961   

PNC Financial Services Group, Inc. (The)

    196,220        16,792,508   

Regions Financial Corp.

    500,385        5,023,865   

SunTrust Banks, Inc.

    192,724        7,329,294   

U.S. Bancorp

    654,082        27,360,250   

Wells Fargo & Co.

    1,724,413        89,445,302   

Zions Bancorporation

    73,608        2,139,049   
   

 

 

 
      384,535,954   
   

 

 

 

Beverages—2.2%

  

Brown-Forman Corp. - Class B

    57,348      $ 5,173,936   

Coca-Cola Co. (The)

    1,432,845        61,125,168   

Coca-Cola Enterprises, Inc.

    81,997        3,637,387   

Constellation Brands, Inc. - Class A (b)

    60,825        5,301,507   

Dr Pepper Snapple Group, Inc.

    70,829        4,555,013   

Molson Coors Brewing Co. - Class B

    57,782        4,301,292   

Monster Beverage Corp. (b)

    52,188        4,784,074   

PepsiCo, Inc.

    546,951        50,915,669   
   

 

 

 
      139,794,046   
   

 

 

 

Biotechnology—2.9%

  

Alexion Pharmaceuticals, Inc. (b)

    71,805        11,906,705   

Amgen, Inc.

    275,731        38,729,176   

Biogen Idec, Inc. (b)

    85,719        28,356,702   

Celgene Corp. (b)

    290,215        27,506,578   

Gilead Sciences, Inc. (b)

    548,722        58,411,457   

Regeneron Pharmaceuticals, Inc. (a) (b)

    26,781        9,655,086   

Vertex Pharmaceuticals, Inc. (b)

    86,422        9,706,055   
   

 

 

 
      184,271,759   
   

 

 

 

Building Products—0.1%

  

Allegion plc

    34,876        1,661,493   

Masco Corp.

    129,388        3,094,961   
   

 

 

 
      4,756,454   
   

 

 

 

Capital Markets—2.3%

  

Affiliated Managers Group, Inc. (b)

    20,166        4,040,460   

Ameriprise Financial, Inc.

    67,952        8,383,918   

Bank of New York Mellon Corp. (The)

    410,758        15,908,657   

BlackRock, Inc.

    45,793        15,034,758   

Charles Schwab Corp. (The)

    416,333        12,236,027   

E*Trade Financial Corp. (b)

    104,801        2,367,455   

Franklin Resources, Inc.

    142,994        7,808,902   

Goldman Sachs Group, Inc. (The)

    148,732        27,302,733   

Invesco, Ltd.

    157,058        6,200,650   

Legg Mason, Inc. (a)

    36,995        1,892,664   

Morgan Stanley

    555,889        19,217,083   

Northern Trust Corp.

    80,384        5,468,524   

State Street Corp.

    153,733        11,316,286   

T. Rowe Price Group, Inc.

    95,486        7,486,102   
   

 

 

 
      144,664,219   
   

 

 

 

Chemicals—2.5%

  

Air Products & Chemicals, Inc.

    69,591        9,059,356   

Airgas, Inc.

    24,349        2,694,217   

CF Industries Holdings, Inc.

    18,030        5,034,337   

Dow Chemical Co. (The)

    407,438        21,366,049   

E.I. du Pont de Nemours & Co. (a)

    332,224        23,840,394   

Eastman Chemical Co.

    54,133        4,378,818   

Ecolab, Inc.

    97,887        11,240,364   

FMC Corp.

    48,337        2,764,393   

International Flavors & Fragrances, Inc.

    29,461        2,824,721   

LyondellBasell Industries NV - Class A

    154,356        16,772,323   

Monsanto Co.

    190,423        21,424,492   

Mosaic Co. (The)

    115,596        5,133,618   

 

MSF-119


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Chemicals—(Continued)

  

PPG Industries, Inc.

    50,033      $ 9,843,493   

Praxair, Inc.

    106,005        13,674,645   

Sherwin-Williams Co. (The)

    30,172        6,607,366   

Sigma-Aldrich Corp.

    43,187        5,873,864   
   

 

 

 
      162,532,450   
   

 

 

 

Commercial Services & Supplies—0.4%

  

ADT Corp. (The) (a)

    63,163        2,239,760   

Cintas Corp. (a)

    35,070        2,475,591   

Pitney Bowes, Inc.

    73,618        1,839,714   

Republic Services, Inc.

    91,671        3,577,002   

Stericycle, Inc. (b)

    30,785        3,588,300   

Tyco International, Ltd.

    160,991        7,175,369   

Waste Management, Inc.

    157,448        7,483,503   
   

 

 

 
      28,379,239   
   

 

 

 

Communications Equipment—1.7%

  

Cisco Systems, Inc.

    1,850,963        46,588,739   

F5 Networks, Inc. (b)

    26,892        3,193,156   

Harris Corp.

    38,030        2,525,192   

Juniper Networks, Inc.

    145,761        3,228,606   

Motorola Solutions, Inc.

    80,138        5,071,133   

QUALCOMM, Inc.

    608,381        45,488,647   
   

 

 

 
      106,095,473   
   

 

 

 

Construction & Engineering—0.1%

  

Fluor Corp.

    57,176        3,818,785   

Jacobs Engineering Group, Inc. (b)

    48,298        2,357,909   

Quanta Services, Inc. (b)

    78,694        2,855,805   
   

 

 

 
      9,032,499   
   

 

 

 

Construction Materials—0.1%

  

Martin Marietta Materials, Inc. (a)

    22,348        2,881,551   

Vulcan Materials Co.

    47,519        2,862,070   
   

 

 

 
      5,743,621   
   

 

 

 

Consumer Finance—0.9%

  

American Express Co.

    326,709        28,600,106   

Capital One Financial Corp.

    203,754        16,630,401   

Discover Financial Services

    167,667        10,796,078   

Navient Corp.

    152,252        2,696,383   
   

 

 

 
      58,722,968   
   

 

 

 

Containers & Packaging—0.2%

  

Avery Dennison Corp.

    34,023        1,519,127   

Ball Corp.

    50,251        3,179,381   

Bemis Co., Inc. (a)

    36,255        1,378,415   

MeadWestvaco Corp.

    61,157        2,503,768   

Owens-Illinois, Inc. (b)

    59,836        1,558,728   

Sealed Air Corp.

    76,962        2,684,434   
   

 

 

 
      12,823,853   
   

 

 

 

Distributors—0.1%

  

Genuine Parts Co.

    55,570        4,874,045   
   

 

 

 

Diversified Consumer Services—0.0%

  

H&R Block, Inc.

    99,854      3,096,473   
   

 

 

 

Diversified Financial Services—2.0%

  

Berkshire Hathaway, Inc. - Class B (b)

    661,741        91,412,902   

CME Group, Inc.

    114,654        9,167,160   

Intercontinental Exchange, Inc.

    41,179        8,031,964   

Leucadia National Corp.

    115,045        2,742,673   

McGraw Hill Financial, Inc.

    98,334        8,304,306   

Moody’s Corp.

    67,464        6,375,348   

NASDAQ OMX Group, Inc. (The)

    42,874        1,818,715   
   

 

 

 
      127,853,068   
   

 

 

 

Diversified Telecommunication Services—2.4%

  

AT&T, Inc.

    1,882,470        66,338,243   

CenturyLink, Inc.

    206,964        8,462,758   

Frontier Communications Corp. (a)

    363,754        2,368,038   

Verizon Communications, Inc.

    1,504,681        75,219,003   

Windstream Holdings, Inc. (a)

    218,765        2,358,287   
   

 

 

 
      154,746,329   
   

 

 

 

Electric Utilities—1.7%

  

American Electric Power Co., Inc.

    177,382        9,261,114   

Duke Energy Corp.

    256,733        19,195,926   

Edison International

    118,266        6,613,435   

Entergy Corp.

    65,196        5,041,607   

Exelon Corp. (a)

    311,880        10,631,989   

FirstEnergy Corp.

    152,581        5,122,144   

NextEra Energy, Inc.

    158,394        14,870,029   

Northeast Utilities (a)

    114,699        5,081,166   

Pepco Holdings, Inc.

    91,119        2,438,344   

Pinnacle West Capital Corp.

    40,077        2,189,807   

PPL Corp.

    241,164        7,919,826   

Southern Co. (The)

    325,129        14,191,881   

Xcel Energy, Inc. (a)

    183,444        5,576,698   
   

 

 

 
      108,133,966   
   

 

 

 

Electrical Equipment—0.6%

  

AMETEK, Inc.

    89,217        4,479,586   

Eaton Corp. plc

    172,747        10,946,977   

Emerson Electric Co.

    253,336        15,853,767   

Rockwell Automation, Inc.

    50,046        5,499,054   
   

 

 

 
      36,779,384   
   

 

 

 

Electronic Equipment, Instruments & Components—0.4%

  

Amphenol Corp. - Class A

    56,926        5,684,630   

Corning, Inc.

    468,630        9,063,304   

FLIR Systems, Inc.

    51,446        1,612,318   

Jabil Circuit, Inc.

    72,536        1,463,051   

TE Connectivity, Ltd.

    148,559        8,213,827   
   

 

 

 
      26,037,130   
   

 

 

 

Energy Equipment & Services—1.8%

  

Baker Hughes, Inc.

    157,916        10,274,015   

Cameron International Corp. (b)

    73,651        4,888,953   

Diamond Offshore Drilling, Inc. (a)

    24,393        835,948   

 

MSF-120


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—(Continued)

  

Ensco plc - Class A (a)

    84,835      $ 3,504,534   

FMC Technologies, Inc. (b)

    85,251        4,629,982   

Halliburton Co.

    308,734        19,916,430   

Helmerich & Payne, Inc.

    39,285        3,844,823   

Nabors Industries, Ltd.

    105,038        2,390,665   

National Oilwell Varco, Inc.

    156,173        11,884,765   

Noble Corp. plc (a)

    92,294        2,050,773   

Schlumberger, Ltd.

    470,594        47,854,704   

Transocean, Ltd. (a)

    123,581        3,950,885   
   

 

 

 
      116,026,477   
   

 

 

 

Food & Staples Retailing—2.2%

  

Costco Wholesale Corp.

    159,098        19,938,161   

CVS Health Corp.

    420,389        33,458,761   

Kroger Co. (The)

    177,473        9,228,596   

Safeway, Inc.

    83,633        2,868,612   

Sysco Corp.

    212,990        8,082,970   

Wal-Mart Stores, Inc.

    573,174        43,830,616   

Walgreen Co.

    319,445        18,933,505   

Whole Foods Market, Inc. (a)

    131,128        4,997,288   
   

 

 

 
      141,338,509   
   

 

 

 

Food Products—1.6%

  

Archer-Daniels-Midland Co.

    234,318        11,973,650   

Campbell Soup Co. (a)

    64,950        2,775,314   

ConAgra Foods, Inc.

    153,362        5,067,081   

General Mills, Inc.

    222,334        11,216,750   

Hershey Co. (The)

    54,161        5,168,584   

Hormel Foods Corp.

    48,772        2,506,393   

J.M. Smucker Co. (The)

    36,959        3,658,571   

Kellogg Co.

    92,812        5,717,219   

Keurig Green Mountain, Inc.

    44,218        5,754,088   

Kraft Foods Group, Inc.

    215,606        12,160,178   

McCormick & Co., Inc.

    47,120        3,152,328   

Mead Johnson Nutrition Co.

    73,384        7,061,009   

Mondelez International, Inc. - Class A

    611,961        20,968,844   

Tyson Foods, Inc. - Class A

    106,318        4,185,740   
   

 

 

 
      101,365,749   
   

 

 

 

Gas Utilities—0.0%

  

AGL Resources, Inc.

    43,369        2,226,564   
   

 

 

 

Health Care Equipment & Supplies—2.0%

  

Abbott Laboratories

    545,828        22,700,987   

Baxter International, Inc.

    196,622        14,111,561   

Becton Dickinson & Co.

    69,635        7,925,160   

Boston Scientific Corp. (b)

    481,219        5,683,197   

C.R. Bard, Inc.

    27,092        3,866,299   

CareFusion Corp. (b)

    73,637        3,332,074   

Covidien plc

    163,984        14,186,256   

DENTSPLY International, Inc.

    51,464        2,346,759   

Edwards Lifesciences Corp. (b)

    38,489        3,931,651   

Intuitive Surgical, Inc. (b)

    13,051        6,027,213   

Medtronic, Inc. (a)

    355,555        22,026,632   

St. Jude Medical, Inc.

    103,341        6,213,894   

Stryker Corp.

    108,563        8,766,462   

Health Care Equipment & Supplies—(Continued)

  

Varian Medical Systems, Inc. (b)

    37,461      $ 3,001,375   

Zimmer Holdings, Inc.

    61,315        6,165,223   
   

 

 

 
      130,284,743   
   

 

 

 

Health Care Providers & Services—2.1%

  

Aetna, Inc.

    128,716        10,425,996   

AmerisourceBergen Corp.

    77,376        5,981,165   

Cardinal Health, Inc.

    122,202        9,155,374   

Cigna Corp.

    95,763        8,684,746   

DaVita HealthCare Partners, Inc. (b)

    62,364        4,561,303   

Express Scripts Holding Co. (b)

    270,591        19,111,842   

Humana, Inc.

    55,993        7,295,328   

Laboratory Corp. of America Holdings (b)

    30,818        3,135,732   

McKesson Corp.

    84,069        16,365,712   

Patterson Cos., Inc. (a)

    31,411        1,301,358   

Quest Diagnostics, Inc. (a)

    52,422        3,180,967   

Tenet Healthcare Corp. (a) (b)

    35,542        2,110,839   

UnitedHealth Group, Inc.

    352,691        30,419,599   

Universal Health Services, Inc. - Class B

    33,115        3,460,518   

WellPoint, Inc.

    99,549        11,908,051   
   

 

 

 
      137,098,530   
   

 

 

 

Health Care Technology—0.1%

  

Cerner Corp. (a) (b)

    110,181        6,563,482   
   

 

 

 

Hotels, Restaurants & Leisure—1.6%

  

Carnival Corp.

    163,488        6,567,313   

Chipotle Mexican Grill, Inc. (b)

    11,259        7,505,137   

Darden Restaurants, Inc. (a)

    48,028        2,471,521   

Marriott International, Inc. - Class A (a)

    79,106        5,529,509   

McDonald’s Corp.

    356,431        33,793,223   

Starbucks Corp.

    272,679        20,576,357   

Starwood Hotels & Resorts Worldwide, Inc.

    69,158        5,754,637   

Wyndham Worldwide Corp.

    45,433        3,691,886   

Wynn Resorts, Ltd. (a)

    29,431        5,505,952   

Yum! Brands, Inc.

    159,588        11,487,144   
   

 

 

 
      102,882,679   
   

 

 

 

Household Durables—0.4%

  

DR Horton, Inc.

    120,392        2,470,444   

Garmin, Ltd. (a)

    44,048        2,290,055   

Harman International Industries, Inc.

    24,721        2,423,647   

Leggett & Platt, Inc. (a)

    49,824        1,739,854   

Lennar Corp. - Class A (a)

    64,560        2,506,865   

Mohawk Industries, Inc. (b)

    22,473        3,029,810   

Newell Rubbermaid, Inc.

    99,386        3,419,872   

PulteGroup, Inc. (a)

    122,818        2,168,966   

Whirlpool Corp.

    28,311        4,123,497   
   

 

 

 
      24,173,010   
   

 

 

 

Household Products—1.9%

  

Clorox Co. (The) (a)

    46,770        4,491,791   

Colgate-Palmolive Co.

    311,632        20,324,639   

Kimberly-Clark Corp.

    135,730        14,600,476   

Procter & Gamble Co. (The)

    982,853        82,304,110   
   

 

 

 
      121,721,016   
   

 

 

 

 

MSF-121


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Independent Power and Renewable Electricity Producers—0.1%

  

AES Corp.

    241,536      $ 3,424,980   

NRG Energy, Inc.

    122,585        3,736,391   
   

 

 

 
      7,161,371   
   

 

 

 

Industrial Conglomerates—2.3%

  

3M Co.

    235,207        33,324,128   

Danaher Corp.

    221,277        16,812,626   

General Electric Co.

    3,642,214        93,313,523   

Roper Industries, Inc.

    36,312        5,312,082   
   

 

 

 
      148,762,359   
   

 

 

 

Insurance—2.8%

  

ACE, Ltd.

    121,856        12,779,039   

Aflac, Inc.

    164,451        9,579,271   

Allstate Corp. (The)

    157,320        9,654,728   

American International Group, Inc.

    517,945        27,979,389   

Aon plc

    105,432        9,243,224   

Assurant, Inc.

    25,910        1,666,013   

Chubb Corp. (The)

    87,293        7,950,646   

Cincinnati Financial Corp.

    53,463        2,515,434   

Genworth Financial, Inc. - Class A (b)

    180,261        2,361,419   

Hartford Financial Services Group, Inc. (The)

    162,545        6,054,801   

Lincoln National Corp.

    94,767        5,077,616   

Loews Corp.

    110,670        4,610,512   

Marsh & McLennan Cos., Inc.

    197,582        10,341,442   

MetLife, Inc. (c)

    408,264        21,931,942   

Principal Financial Group, Inc. (a)

    99,217        5,205,916   

Progressive Corp. (The)

    195,375        4,939,080   

Prudential Financial, Inc.

    166,976        14,683,870   

Torchmark Corp.

    47,402        2,482,443   

Travelers Cos., Inc. (The)

    123,070        11,561,196   

Unum Group

    92,490        3,179,806   

XL Group plc

    96,373        3,196,692   
   

 

 

 
      176,994,479   
   

 

 

 

Internet & Catalog Retail—1.3%

  

Amazon.com, Inc. (b)

    137,526        44,343,884   

Expedia, Inc.

    36,011        3,155,284   

Netflix, Inc. (b)

    21,813        9,841,589   

Priceline Group, Inc. (The) (b)

    19,033        22,051,253   

TripAdvisor, Inc. (a) (b)

    40,427        3,695,836   
   

 

 

 
      83,087,846   
   

 

 

 

Internet Software & Services—3.4%

  

Akamai Technologies, Inc. (b)

    64,671        3,867,326   

eBay, Inc. (b)

    409,999        23,218,243   

Facebook, Inc. - Class A (b)

    707,846        55,948,148   

Google, Inc. - Class A (b) (d)

    103,125        60,679,781   

Google, Inc. - Class C (b) (d)

    103,116        59,535,054   

VeriSign, Inc. (a) (b)

    40,843        2,251,266   

Yahoo!, Inc. (b)

    335,759        13,682,179   
   

 

 

 
      219,181,997   
   

 

 

 

IT Services—3.3%

  

Accenture plc - Class A

    229,135      18,633,258   

Alliance Data Systems Corp. (b)

    20,156        5,004,130   

Automatic Data Processing, Inc.

    174,567        14,503,026   

Cognizant Technology Solutions Corp. - Class A (b)

    220,670        9,879,396   

Computer Sciences Corp.

    52,657        3,219,976   

Fidelity National Information Services, Inc.

    103,604        5,832,905   

Fiserv, Inc. (b)

    90,464        5,847,141   

International Business Machines Corp.

    336,769        63,928,859   

MasterCard, Inc. - Class A

    357,283        26,410,359   

Paychex, Inc.

    118,621        5,243,048   

Teradata Corp. (a) (b)

    56,263        2,358,545   

Total System Services, Inc. (a)

    59,986        1,857,167   

Visa, Inc. - Class A

    178,694        38,127,939   

Western Union Co. (The) (a)

    192,301        3,084,508   

Xerox Corp.

    393,468        5,205,582   
   

 

 

 
      209,135,839   
   

 

 

 

Leisure Products—0.1%

  

Hasbro, Inc. (a)

    41,647        2,290,377   

Mattel, Inc.

    122,635        3,758,763   
   

 

 

 
      6,049,140   
   

 

 

 

Life Sciences Tools & Services—0.5%

  

Agilent Technologies, Inc.

    121,062        6,898,113   

PerkinElmer, Inc.

    40,988        1,787,077   

Thermo Fisher Scientific, Inc.

    144,811        17,623,499   

Waters Corp. (b)

    30,478        3,020,979   
   

 

 

 
      29,329,668   
   

 

 

 

Machinery—1.5%

  

Caterpillar, Inc.

    227,903        22,569,234   

Cummins, Inc.

    62,086        8,194,110   

Deere & Co. (a)

    130,103        10,667,145   

Dover Corp.

    60,456        4,856,430   

Flowserve Corp.

    49,658        3,501,882   

Illinois Tool Works, Inc.

    132,416        11,178,559   

Ingersoll-Rand plc

    97,103        5,472,725   

Joy Global, Inc. (a)

    35,637        1,943,642   

PACCAR, Inc.

    128,778        7,324,249   

Pall Corp.

    38,769        3,244,965   

Parker-Hannifin Corp.

    54,012        6,165,470   

Pentair plc

    69,898        4,577,620   

Snap-on, Inc.

    21,095        2,554,183   

Stanley Black & Decker, Inc.

    56,726        5,036,702   

Xylem, Inc.

    66,311        2,353,377   
   

 

 

 
      99,640,293   
   

 

 

 

Media—3.5%

  

Cablevision Systems Corp. - Class A (a)

    78,735        1,378,650   

CBS Corp. - Class B

    175,932        9,412,362   

Comcast Corp. - Class A

    939,457        50,523,997   

DIRECTV (b)

    182,303        15,772,856   

Discovery Communications, Inc. - Class A (a) (b)

    53,707        2,030,125   

Discovery Communications, Inc. - Class C (b)

    99,191        3,697,840   

 

MSF-122


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Media—(Continued)

  

Gannett Co., Inc. (a)

    81,907      $ 2,430,181   

Interpublic Group of Cos., Inc. (The)

    152,963        2,802,282   

News Corp. - Class A (b)

    180,758        2,955,393   

Omnicom Group, Inc.

    91,168        6,277,829   

Scripps Networks Interactive, Inc. - Class A (a)

    37,639        2,939,230   

Time Warner Cable, Inc.

    101,134        14,511,718   

Time Warner, Inc.

    310,297        23,337,437   

Twenty-First Century Fox, Inc. - Class A

    683,674        23,443,181   

Viacom, Inc. - Class B

    138,200        10,633,108   

Walt Disney Co. (The)

    573,243        51,035,824   
   

 

 

 
      223,182,013   
   

 

 

 

Metals & Mining—0.5%

  

Alcoa, Inc.

    426,994        6,870,334   

Allegheny Technologies, Inc. (a)

    39,464        1,464,114   

Freeport-McMoRan, Inc.

    377,164        12,314,405   

Newmont Mining Corp.

    181,044        4,173,064   

Nucor Corp.

    115,737        6,282,204   
   

 

 

 
      31,104,121   
   

 

 

 

Multi-Utilities—1.1%

  

Ameren Corp.

    88,074        3,375,876   

CenterPoint Energy, Inc.

    156,011        3,817,589   

CMS Energy Corp.

    99,811        2,960,394   

Consolidated Edison, Inc. (a)

    106,314        6,023,751   

Dominion Resources, Inc.

    211,503        14,612,742   

DTE Energy Co.

    64,247        4,887,912   

Integrys Energy Group, Inc. (a)

    29,026        1,881,465   

NiSource, Inc.

    114,457        4,690,448   

PG&E Corp. (a)

    171,118        7,707,155   

Public Service Enterprise Group, Inc.

    183,647        6,839,014   

SCANA Corp. (a)

    51,563        2,558,041   

Sempra Energy

    83,902        8,841,593   

TECO Energy, Inc. (a)

    84,683        1,471,791   

Wisconsin Energy Corp. (a)

    81,861        3,520,023   
   

 

 

 
      73,187,794   
   

 

 

 

Multiline Retail—0.7%

  

Dollar General Corp. (b)

    110,130        6,730,044   

Dollar Tree, Inc. (b)

    74,640        4,185,065   

Family Dollar Stores, Inc.

    34,745        2,683,704   

Kohl’s Corp. (a)

    74,292        4,534,041   

Macy’s, Inc.

    128,182        7,457,629   

Nordstrom, Inc.

    51,738        3,537,327   

Target Corp.

    230,033        14,418,468   
   

 

 

 
      43,546,278   
   

 

 

 

Oil, Gas & Consumable Fuels—7.8%

  

Anadarko Petroleum Corp.

    183,660        18,630,470   

Apache Corp.

    138,834        13,032,348   

Cabot Oil & Gas Corp.

    151,473        4,951,652   

Chesapeake Energy Corp.

    188,503        4,333,684   

Chevron Corp.

    689,295        82,246,679   

Cimarex Energy Co.

    31,588        3,996,830   

ConocoPhillips

    446,322        34,152,560   

Oil, Gas & Consumable Fuels—(Continued)

  

CONSOL Energy, Inc.

    83,548      3,163,127   

Denbury Resources, Inc. (a)

    127,877        1,921,991   

Devon Energy Corp.

    139,589        9,517,178   

EOG Resources, Inc.

    198,722        19,677,452   

EQT Corp.

    54,994        5,034,151   

Exxon Mobil Corp.

    1,548,044        145,593,538   

Hess Corp.

    94,946        8,955,307   

Kinder Morgan, Inc.

    238,797        9,155,477   

Marathon Oil Corp.

    244,831        9,203,197   

Marathon Petroleum Corp.

    102,844        8,707,802   

Murphy Oil Corp.

    60,589        3,448,120   

Newfield Exploration Co. (b)

    49,603        1,838,783   

Noble Energy, Inc.

    130,765        8,939,095   

Occidental Petroleum Corp.

    282,998        27,210,258   

ONEOK, Inc.

    75,503        4,949,222   

Phillips 66

    202,872        16,495,522   

Pioneer Natural Resources Co.

    51,944        10,231,410   

QEP Resources, Inc.

    60,141        1,851,140   

Range Resources Corp.

    61,236        4,152,413   

Southwestern Energy Co. (b)

    128,190        4,480,241   

Spectra Energy Corp.

    243,528        9,560,909   

Tesoro Corp.

    46,549        2,838,558   

Valero Energy Corp.

    191,645        8,867,414   

Williams Cos., Inc. (The)

    244,140        13,513,149   
   

 

 

 
      500,649,677   
   

 

 

 

Paper & Forest Products—0.1%

  

International Paper Co.

    155,005        7,399,939   
   

 

 

 

Personal Products—0.1%

  

Avon Products, Inc. (a)

    157,763        1,987,814   

Estee Lauder Cos., Inc. (The) - Class A

    81,663        6,101,859   
   

 

 

 
      8,089,673   
   

 

 

 

Pharmaceuticals—6.2%

  

AbbVie, Inc. (a)

    577,772        33,372,111   

Actavis plc (b)

    95,925        23,144,784   

Allergan, Inc.

    107,875        19,222,246   

Bristol-Myers Squibb Co.

    601,804        30,800,329   

Eli Lilly & Co.

    356,904        23,145,224   

Hospira, Inc. (b)

    61,248        3,186,734   

Johnson & Johnson

    1,023,738        109,120,233   

Mallinckrodt plc (a) (b)

    41,116        3,706,607   

Merck & Co., Inc.

    1,047,095        62,071,792   

Mylan, Inc. (b)

    135,775        6,176,405   

Perrigo Co. plc

    48,575        7,295,479   

Pfizer, Inc.

    2,301,674        68,060,500   

Zoetis, Inc.

    181,928        6,722,240   
   

 

 

 
      396,024,684   
   

 

 

 

Professional Services—0.2%

  

Dun & Bradstreet Corp. (The) (a)

    13,202        1,550,839   

Equifax, Inc.

    44,204        3,303,807   

Nielsen NV

    110,434        4,895,539   

Robert Half International, Inc.

    49,905        2,445,345   
   

 

 

 
      12,195,530   
   

 

 

 

 

MSF-123


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—2.2%

  

American Tower Corp.

    143,797      $ 13,463,713   

Apartment Investment & Management Co. - Class A

    53,032        1,687,478   

AvalonBay Communities, Inc.

    47,620        6,712,991   

Boston Properties, Inc.

    55,573        6,433,131   

Crown Castle International Corp.

    121,188        9,759,270   

Equity Residential

    131,309        8,086,008   

Essex Property Trust, Inc.

    23,045        4,119,294   

General Growth Properties, Inc.

    227,782        5,364,266   

HCP, Inc.

    166,547        6,613,581   

Health Care REIT, Inc.

    117,625        7,336,271   

Host Hotels & Resorts, Inc.

    274,761        5,860,652   

Iron Mountain, Inc. (a)

    62,387        2,036,936   

Kimco Realty Corp.

    149,196        3,268,884   

Macerich Co. (The)

    51,070        3,259,798   

Plum Creek Timber Co., Inc.

    64,294        2,508,109   

Prologis, Inc.

    181,492        6,842,249   

Public Storage

    52,640        8,729,818   

Simon Property Group, Inc.

    112,805        18,547,398   

Ventas, Inc.

    106,841        6,618,800   

Vornado Realty Trust

    63,352        6,332,666   

Weyerhaeuser Co.

    191,769        6,109,760   
   

 

 

 
      139,691,073   
   

 

 

 

Real Estate Management & Development—0.0%

  

CBRE Group, Inc. - Class A (b)

    101,266        3,011,651   
   

 

 

 

Road & Rail—1.0%

  

CSX Corp.

    362,835        11,632,490   

Kansas City Southern (a)

    40,051        4,854,181   

Norfolk Southern Corp.

    112,351        12,538,372   

Ryder System, Inc.

    19,263        1,733,092   

Union Pacific Corp.

    325,758        35,318,682   
   

 

 

 
      66,076,817   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.4%

  

Altera Corp.

    112,156        4,012,942   

Analog Devices, Inc.

    114,056        5,644,631   

Applied Materials, Inc.

    442,265        9,557,347   

Avago Technologies, Ltd.

    91,371        7,949,277   

Broadcom Corp. - Class A

    195,220        7,890,792   

First Solar, Inc. (a) (b)

    27,277        1,795,099   

Intel Corp.

    1,797,167        62,577,355   

KLA-Tencor Corp.

    60,027        4,728,927   

Lam Research Corp.

    58,832        4,394,750   

Linear Technology Corp.

    86,577        3,843,153   

Microchip Technology, Inc. (a)

    72,743        3,435,652   

Micron Technology, Inc. (b)

    388,698        13,316,794   

NVIDIA Corp.

    186,874        3,447,825   

Texas Instruments, Inc.

    387,513        18,480,495   

Xilinx, Inc.

    97,456        4,127,262   
   

 

 

 
      155,202,301   
   

 

 

 

Software—3.8%

  

Adobe Systems, Inc. (b)

    171,515        11,867,123   

Autodesk, Inc. (b)

    82,484        4,544,869   

Software—(Continued)

  

CA, Inc.

    116,318      3,249,925   

Citrix Systems, Inc. (b)

    59,701        4,259,069   

Electronic Arts, Inc. (b)

    113,475        4,040,845   

Intuit, Inc.

    103,048        9,032,157   

Microsoft Corp.

    2,990,989        138,662,250   

Oracle Corp.

    1,180,471        45,188,430   

Red Hat, Inc. (b)

    68,640        3,854,136   

Salesforce.com, Inc. (b)

    208,963        12,021,641   

Symantec Corp.

    250,633        5,892,382   
   

 

 

 
      242,612,827   
   

 

 

 

Specialty Retail—2.1%

  

AutoNation, Inc. (a) (b)

    28,398        1,428,703   

AutoZone, Inc. (b)

    11,834        6,031,317   

Bed Bath & Beyond, Inc. (a) (b)

    73,307        4,825,800   

Best Buy Co., Inc.

    105,333        3,538,136   

CarMax, Inc. (a) (b)

    79,580        3,696,491   

GameStop Corp. - Class A (a)

    40,897        1,684,956   

Gap, Inc. (The)

    99,446        4,145,904   

Home Depot, Inc. (The)

    488,557        44,820,219   

L Brands, Inc.

    89,141        5,970,664   

Lowe’s Cos., Inc.

    358,311        18,961,818   

O’Reilly Automotive, Inc. (b)

    37,667        5,663,610   

PetSmart, Inc.

    36,056        2,527,165   

Ross Stores, Inc.

    76,167        5,756,702   

Staples, Inc. (a)

    233,839        2,829,452   

Tiffany & Co. (a)

    40,832        3,932,530   

TJX Cos., Inc. (The)

    251,531        14,883,089   

Tractor Supply Co. (a)

    49,975        3,073,962   

Urban Outfitters, Inc. (a) (b)

    37,059        1,360,065   
   

 

 

 
      135,130,583   
   

 

 

 

Technology Hardware, Storage & Peripherals—4.5%

  

Apple, Inc.

    2,173,541        218,984,256   

EMC Corp.

    736,384        21,546,596   

Hewlett-Packard Co.

    677,440        24,028,797   

NetApp, Inc.

    115,886        4,978,462   

SanDisk Corp.

    81,393        7,972,444   

Seagate Technology plc (a)

    118,629        6,793,883   

Western Digital Corp.

    79,847        7,770,710   
   

 

 

 
      292,075,148   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.8%

  

Coach, Inc.

    99,688        3,549,890   

Fossil Group, Inc. (b)

    16,901        1,587,004   

Michael Kors Holdings, Ltd. (b)

    74,505        5,318,912   

NIKE, Inc. - Class B

    255,299        22,772,671   

PVH Corp.

    29,908        3,623,354   

Ralph Lauren Corp.

    22,028        3,628,672   

Under Armour, Inc. - Class A (a) (b)

    60,386        4,172,672   

VF Corp.

    125,188        8,266,164   
   

 

 

 
      52,919,339   
   

 

 

 

Thrifts & Mortgage Finance—0.1%

  

Hudson City Bancorp, Inc.

    174,662        1,697,715   

 

MSF-124


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Thrifts & Mortgage Finance—(Continued)

  

People’s United Financial, Inc. (a)

    112,637      $ 1,629,857   
   

 

 

 
      3,327,572   
   

 

 

 

Tobacco—1.5%

  

Altria Group, Inc.

    719,973        33,075,560   

Lorillard, Inc.

    130,683        7,829,218   

Philip Morris International, Inc.

    567,039        47,291,053   

Reynolds American, Inc.

    111,853        6,599,327   
   

 

 

 
      94,795,158   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Fastenal Co. (a)

    99,106        4,449,859   

United Rentals, Inc. (b)

    34,814        3,867,835   

Veritiv Corp. (b)

    4        200   

WW Grainger, Inc. (a)

    22,096        5,560,459   
   

 

 

 
      13,878,353   
   

 

 

 

Total Common Stocks
(Cost $3,715,085,226)

      6,359,062,572   
   

 

 

 
Investment Company Security—0.4%   

SPDR S&P 500 ETF Trust
(Cost $23,717,459)

    122,100        24,056,142   
   

 

 

 
Short-Term Investments—4.8%   

Discount Notes—0.3%

  

Federal Home Loan Bank

   

0.005%, 10/24/14 (e)

    7,500,000        7,499,976   

0.005%, 10/27/14 (e)

    750,000        749,997   

0.020%, 12/19/14 (e)

    2,200,000        2,199,903   

0.055%, 11/12/14 (e)

    3,925,000        3,924,746   

0.060%, 11/26/14 (e)

    1,625,000        1,624,848   

0.067%, 12/03/14 (e)

    4,350,000        4,349,490   

0.081%, 03/03/15 (e)

    775,000        774,737   

Federal Home Loan Mortgage Corp.

   

0.085%, 01/13/15 (e)

    2,225,000        2,224,454   

Federal National Mortgage Association

   

0.019%, 12/24/14 (e)

    475,000        474,979   
   

 

 

 
      23,823,130   
   

 

 

 

Mutual Fund—4.4%

   

State Street Navigator Securities Lending MET Portfolio (f)

    281,212,694      281,212,694   
   

 

 

 

U.S. Treasury—0.1%

   

U.S. Treasury Bills

   

0.020%, 11/06/14 (a) (e)

    6,225,000        6,224,876   

0.036%, 03/19/15 (a) (e)

    875,000        874,854   
   

 

 

 
      7,099,730   
   

 

 

 

Total Short-Term Investments
(Cost $312,135,554)

      312,135,554   
   

 

 

 

Total Investments—104.2%
(Cost $4,050,938,239) (g)

      6,695,254,268   

Other assets and liabilities (net)—(4.2)%

      (272,118,317
   

 

 

 
Net Assets—100.0%     $ 6,423,135,951   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $274,979,621 and the collateral received consisted of cash in the amount of $281,212,694 and non-cash collateral with a value of $1,266,164. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) Affiliated Issuer.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2014, the market value of securities pledged was $23,315,400.
(e) The rate shown represents current yield to maturity.
(f) Represents investment of cash collateral received from securities lending transactions.
(g) As of September 30, 2014, the aggregate cost of investments was $4,050,938,239. The aggregate unrealized appreciation and depreciation of investments were $2,699,268,368 and $(54,952,339), respectively, resulting in net unrealized appreciation of $2,644,316,029.
(ETF)— Exchange-Traded Fund

Futures Contracts

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

S&P 500 Index Futures

     12/18/14         68         USD         33,874,385       $ (460,885
              

 

 

 

 

(USD)— United States Dollar

 

MSF-125


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 6,359,062,572      $ —        $ —         $ 6,359,062,572   

Total Investment Company Security

     24,056,142        —          —           24,056,142   
Short-Term Investments          

Discount Notes

     —          23,823,130        —           23,823,130   

Mutual Fund

     281,212,694        —          —           281,212,694   

U.S. Treasury

     —          7,099,730        —           7,099,730   

Total Short-Term Investments

     281,212,694        30,922,860        —           312,135,554   

Total Investments

   $ 6,664,331,408      $ 30,922,860      $ —         $ 6,695,254,268   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (281,212,694   $ —         $ (281,212,694
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (460,885   $ —        $ —         $ (460,885

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-126


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—60.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—3.1%

  

General Dynamics Corp.

    11,630      $ 1,478,057   

Honeywell International, Inc.

    77,207        7,189,516   

Lockheed Martin Corp.

    53,613        9,799,384   

Northrop Grumman Corp.

    24,067        3,171,068   

Precision Castparts Corp.

    3,621        857,742   

United Technologies Corp.

    76,274        8,054,534   
   

 

 

 
      30,550,301   
   

 

 

 

Air Freight & Logistics—0.4%

  

United Parcel Service, Inc. - Class B

    45,236        4,446,246   
   

 

 

 

Airlines—0.1%

  

Copa Holdings S.A. - Class A (a)

    6,586        706,612   
   

 

 

 

Auto Components—1.1%

  

Delphi Automotive plc

    60,787        3,728,675   

Johnson Controls, Inc.

    91,144        4,010,336   

Magna International, Inc.

    33,107        3,142,349   
   

 

 

 
      10,881,360   
   

 

 

 

Automobiles—0.1%

  

General Motors Co.

    39,795        1,271,052   
   

 

 

 

Banks—5.8%

  

Bank of America Corp.

    158,871        2,708,751   

BB&T Corp.

    44,318        1,649,073   

BOC Hong Kong Holdings, Ltd.

    201,000        641,309   

Citigroup, Inc.

    30,698        1,590,770   

HSBC Holdings plc

    113,599        1,156,137   

JPMorgan Chase & Co.

    392,105        23,620,405   

Mizuho Financial Group, Inc. (a)

    721,100        1,288,763   

PNC Financial Services Group, Inc. (The)

    31,807        2,722,043   

Sumitomo Mitsui Financial Group, Inc. (a)

    25,700        1,048,756   

SunTrust Banks, Inc.

    22,819        867,807   

U.S. Bancorp

    78,402        3,279,556   

Wells Fargo & Co.

    321,371        16,669,514   
   

 

 

 
      57,242,884   
   

 

 

 

Beverages—0.7%

  

Coca-Cola Co. (The)

    29,389        1,253,735   

Diageo plc

    149,446        4,321,078   

Dr Pepper Snapple Group, Inc.

    17,727        1,140,023   
   

 

 

 
      6,714,836   
   

 

 

 

Capital Markets—2.7%

  

Bank of New York Mellon Corp. (The)

    161,984        6,273,640   

BlackRock, Inc.

    10,478        3,440,137   

Franklin Resources, Inc.

    77,458        4,229,982   

Goldman Sachs Group, Inc. (The)

    38,096        6,993,283   

Morgan Stanley

    51,363        1,775,619   

State Street Corp.

    57,871        4,259,884   
   

 

 

 
      26,972,545   
   

 

 

 

Chemicals—1.0%

  

Celanese Corp. - Series A (a)

    20,978        1,227,633   

FMC Corp.

    10,508        600,952   

Chemicals—(Continued)

  

LyondellBasell Industries NV - Class A

    14,204      1,543,407   

PPG Industries, Inc.

    28,060        5,520,524   

Praxair, Inc.

    7,349        948,021   

Valspar Corp. (The)

    2,490        196,685   
   

 

 

 
      10,037,222   
   

 

 

 

Commercial Services & Supplies—0.3%

  

Tyco International, Ltd.

    72,195        3,217,731   
   

 

 

 

Construction & Engineering—0.1%

  

Fluor Corp.

    11,732        783,580   
   

 

 

 

Consumer Finance—0.4%

  

American Express Co.

    13,045        1,141,959   

Discover Financial Services

    38,258        2,463,433   
   

 

 

 
      3,605,392   
   

 

 

 

Containers & Packaging—0.2%

  

Crown Holdings, Inc. (b)

    20,483        911,903   

Packaging Corp. of America

    12,981        828,448   
   

 

 

 
      1,740,351   
   

 

 

 

Diversified Financial Services—0.2%

  

McGraw Hill Financial, Inc.

    10,185        860,123   

Moody’s Corp.

    2,121        200,435   

NASDAQ OMX Group, Inc. (The)

    29,545        1,253,299   
   

 

 

 
      2,313,857   
   

 

 

 

Diversified Telecommunication Services—2.0%

  

AT&T, Inc.

    46,497        1,638,554   

Bezeq The Israeli Telecommunication Corp., Ltd.

    125,260        216,328   

CenturyLink, Inc.

    44,972        1,838,905   

Frontier Communications Corp. (a)

    593,625        3,864,499   

TDC A/S

    163,806        1,240,188   

Telecom Italia S.p.A. - Risparmio Shares

    917,670        813,300   

Telefonica Brasil S.A. (ADR)

    42,495        836,302   

Verizon Communications, Inc.

    169,559        8,476,254   

Windstream Holdings, Inc. (a)

    62,150        669,977   
   

 

 

 
      19,594,307   
   

 

 

 

Electric Utilities—0.9%

  

American Electric Power Co., Inc.

    47,763        2,493,706   

Duke Energy Corp.

    20,681        1,546,319   

Edison International

    25,535        1,427,917   

PPL Corp.

    113,475        3,726,519   
   

 

 

 
      9,194,461   
   

 

 

 

Electrical Equipment—0.3%

  

Eaton Corp. plc

    47,158        2,988,402   
   

 

 

 

Electronic Equipment, Instruments & Components—0.1%

  

Hoya Corp.

    32,500        1,092,315   
   

 

 

 

 

MSF-127


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—0.4%

  

Ensco plc - Class A (a)

    68,434      $ 2,827,008   

Schlumberger, Ltd.

    10,262        1,043,543   
   

 

 

 
      3,870,551   
   

 

 

 

Food & Staples Retailing—1.5%

  

CVS Health Corp.

    127,186        10,122,734   

Kroger Co. (The)

    82,914        4,311,528   
   

 

 

 
      14,434,262   
   

 

 

 

Food Products—1.9%

  

Danone S.A.

    37,475        2,501,836   

General Mills, Inc.

    117,369        5,921,266   

Ingredion, Inc.

    11,401        864,082   

Kellogg Co.

    9,149        563,578   

Kraft Foods Group, Inc.

    5,982        337,385   

Marine Harvest ASA (a)

    77,286        1,082,531   

Mondelez International, Inc. - Class A

    32,295        1,106,588   

Nestle S.A.

    82,169        6,027,071   
   

 

 

 
      18,404,337   
   

 

 

 

Health Care Equipment & Supplies—1.5%

  

Abbott Laboratories

    121,664        5,060,006   

Covidien plc

    35,185        3,043,854   

Medtronic, Inc.

    56,914        3,525,822   

St. Jude Medical, Inc.

    52,072        3,131,090   
   

 

 

 
      14,760,772   
   

 

 

 

Health Care Providers & Services—0.6%

  

AmerisourceBergen Corp.

    15,272        1,180,526   

Cardinal Health, Inc.

    9,771        732,043   

Express Scripts Holding Co. (b)

    44,359        3,133,076   

Health Net, Inc. (b)

    16,536        762,475   

Quest Diagnostics, Inc. (a)

    3,216        195,147   
   

 

 

 
      6,003,267   
   

 

 

 

Hotels, Restaurants & Leisure—0.7%

  

Hilton Worldwide Holdings, Inc. (b)

    31,646        779,441   

McDonald’s Corp.

    30,964        2,935,697   

Wynn Resorts, Ltd.

    7,226        1,351,840   

Yum! Brands, Inc.

    23,240        1,672,815   
   

 

 

 
      6,739,793   
   

 

 

 

Household Products—0.7%

  

Procter & Gamble Co. (The)

    65,157        5,456,247   

Reckitt Benckiser Group plc

    13,477        1,166,500   
   

 

 

 
      6,622,747   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

NRG Energy, Inc.

    41,287        1,258,428   
   

 

 

 

Industrial Conglomerates—1.6%

  

3M Co.

    53,686        7,606,232   

Danaher Corp.

    95,355        7,245,073   

Siemens AG

    12,405        1,478,508   
   

 

 

 
      16,329,813   
   

 

 

 

Insurance—3.7%

  

ACE, Ltd.

    53,955      5,658,261   

American International Group, Inc.

    15,350        829,207   

Aon plc

    41,215        3,613,319   

Chubb Corp. (The)

    25,249        2,299,679   

Delta Lloyd NV

    87,745        2,106,554   

Everest Re Group, Ltd.

    9,484        1,536,503   

Prudential Financial, Inc.

    72,475        6,373,451   

Travelers Cos., Inc. (The)

    101,991        9,581,035   

Validus Holdings, Ltd.

    64,759        2,534,667   

Zurich Insurance Group AG (b)

    7,908        2,351,522   
   

 

 

 
      36,884,198   
   

 

 

 

Internet Software & Services—0.9%

  

Facebook, Inc. - Class A (b)

    74,632        5,898,913   

Google, Inc. - Class A (b)

    2,529        1,488,089   

Google, Inc. - Class C (b)

    2,529        1,460,144   
   

 

 

 
      8,847,146   
   

 

 

 

IT Services—1.9%

  

Accenture plc - Class A (a)

    81,982        6,666,776   

Fidelity National Information Services, Inc.

    16,758        943,476   

Fiserv, Inc. (b)

    20,433        1,320,687   

International Business Machines Corp.

    35,848        6,805,026   

Visa, Inc. - Class A

    11,611        2,477,439   

Western Union Co. (The) (a)

    32,303        518,140   
   

 

 

 
      18,731,544   
   

 

 

 

Leisure Products—0.2%

  

Hasbro, Inc. (a)

    32,900        1,809,336   

Mattel, Inc.

    9,299        285,014   
   

 

 

 
      2,094,350   
   

 

 

 

Life Sciences Tools & Services—0.5%

  

Thermo Fisher Scientific, Inc.

    44,046        5,360,398   
   

 

 

 

Machinery—1.0%

  

Caterpillar, Inc.

    7,800        772,434   

Cummins, Inc.

    22,325        2,946,454   

Illinois Tool Works, Inc.

    28,763        2,428,172   

Pentair plc

    27,988        1,832,934   

Stanley Black & Decker, Inc.

    23,761        2,109,739   
   

 

 

 
      10,089,733   
   

 

 

 

Media—3.1%

  

Comcast Corp. - Special Class A (a)

    174,089        9,313,762   

Omnicom Group, Inc.

    46,941        3,232,357   

Time Warner Cable, Inc.

    34,416        4,938,352   

Time Warner, Inc.

    58,678        4,413,172   

Time, Inc. (b)

    2,265        53,069   

Twenty-First Century Fox, Inc. - Class A

    45,027        1,543,976   

Viacom, Inc. - Class B

    19,071        1,467,323   

Walt Disney Co. (The)

    58,412        5,200,420   
   

 

 

 
      30,162,431   
   

 

 

 

 

MSF-128


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Metals & Mining—0.4%

  

Rio Tinto plc

    45,384      $ 2,228,263   

Vale S.A. (ADR) (a)

    123,403        1,358,667   
   

 

 

 
      3,586,930   
   

 

 

 

Multi-Utilities—0.6%

  

E.ON SE

    98,059        1,795,084   

GDF Suez

    86,993        2,175,757   

PG&E Corp.

    29,633        1,334,670   

Public Service Enterprise Group, Inc.

    29,010        1,080,332   
   

 

 

 
      6,385,843   
   

 

 

 

Multiline Retail—1.5%

  

Kohl’s Corp. (a)

    98,005        5,981,245   

Macy’s, Inc.

    60,989        3,548,340   

Target Corp.

    83,154        5,212,093   
   

 

 

 
      14,741,678   
   

 

 

 

Oil, Gas & Consumable Fuels—4.9%

  

Anadarko Petroleum Corp.

    27,504        2,790,006   

Apache Corp.

    35,157        3,300,188   

Canadian Natural Resources, Ltd.

    25,657        996,518   

Chevron Corp.

    66,818        7,972,724   

EOG Resources, Inc.

    8,037        795,824   

EQT Corp.

    15,982        1,462,992   

Exxon Mobil Corp.

    132,488        12,460,496   

Marathon Petroleum Corp.

    16,030        1,357,260   

Noble Energy, Inc.

    44,011        3,008,592   

Occidental Petroleum Corp.

    45,661        4,390,305   

Petroleo Brasileiro S.A. (ADR)

    92,762        1,381,226   

Royal Dutch Shell plc - A Shares

    78,430        2,991,488   

Valero Energy Corp.

    51,967        2,404,513   

Williams Cos., Inc. (The)

    47,727        2,641,690   
   

 

 

 
      47,953,822   
   

 

 

 

Pharmaceuticals—5.3%

  

Actavis plc (b)

    7,275        1,755,312   

Bayer AG

    9,355        1,310,199   

Bristol-Myers Squibb Co.

    98,961        5,064,824   

Eli Lilly & Co.

    51,894        3,365,326   

GlaxoSmithKline plc

    102,525        2,346,592   

Johnson & Johnson

    141,084        15,038,144   

Merck & Co., Inc.

    81,584        4,836,300   

Novartis AG

    7,149        673,279   

Pfizer, Inc.

    489,283        14,468,098   

Roche Holding AG

    2,052        607,601   

Valeant Pharmaceuticals International, Inc. (b)

    11,004        1,443,725   

Zoetis, Inc.

    34,928        1,290,590   
   

 

 

 
      52,199,990   
   

 

 

 

Professional Services—0.1%

  

Adecco S.A. (b)

    14,730        993,905   
   

 

 

 

Real Estate Investment Trusts—0.6%

  

Annaly Capital Management, Inc.

    54,339        580,341   

Corio NV

    10,244        501,446   

EPR Properties (a)

    14,772        748,645   

Real Estate Investment Trusts—(Continued)

  

Medical Properties Trust, Inc. (a)

    61,923      $ 759,176   

Starwood Property Trust, Inc. (a)

    43,491        955,062   

Washington Prime Group, Inc.

    113,282        1,980,169   
   

 

 

 
      5,524,839   
   

 

 

 

Road & Rail—0.3%

  

Canadian National Railway Co.

    21,270        1,509,319   

Union Pacific Corp.

    10,544        1,143,181   
   

 

 

 
      2,652,500   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.5%

  

Broadcom Corp. - Class A

    110,389        4,461,923   

Intel Corp.

    38,306        1,333,815   

Microchip Technology, Inc. (a)

    101,180        4,778,732   

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

    68,331        1,378,920   

Texas Instruments, Inc.

    52,573        2,507,206   
   

 

 

 
      14,460,596   
   

 

 

 

Software—1.3%

  

Aspen Technology, Inc. (b)

    21,747        820,297   

CA, Inc.

    40,155        1,121,931   

Citrix Systems, Inc. (b)

    28,889        2,060,941   

Microsoft Corp.

    69,815        3,236,624   

Oracle Corp.

    113,633        4,349,871   

Symantec Corp.

    63,640        1,496,176   
   

 

 

 
      13,085,840   
   

 

 

 

Specialty Retail—0.3%

  

Advance Auto Parts, Inc.

    8,944        1,165,403   

Bed Bath & Beyond, Inc. (a) (b)

    7,545        496,687   

Staples, Inc. (a)

    127,794        1,546,308   
   

 

 

 
      3,208,398   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.5%

  

Apple, Inc.

    16,461        1,658,446   

EMC Corp.

    36,566        1,069,921   

Hewlett-Packard Co.

    59,506        2,110,678   
   

 

 

 
      4,839,045   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.2%

  

Hanesbrands, Inc.

    14,772        1,587,104   
   

 

 

 

Tobacco—2.7%

  

Altria Group, Inc.

    82,365        3,783,848   

Imperial Tobacco Group plc

    9,538        410,287   

Japan Tobacco, Inc. (a)

    65,700        2,138,550   

Lorillard, Inc.

    86,469        5,180,358   

Philip Morris International, Inc.

    184,028        15,347,935   
   

 

 

 
      26,860,978   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

Vodafone Group plc

    339,842        1,120,230   
   

 

 

 

Total Common Stocks
(Cost $427,957,978)

      593,148,922   
   

 

 

 

 

MSF-129


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

U.S. Treasury & Government Agencies—25.4%

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—12.3%

  

Fannie Mae 15 Yr. Pool
2.500%, 02/01/28

    428,071      $ 433,070   

2.500%, 05/01/28

    257,617        260,626   

3.000%, 03/01/27

    179,865        185,893   

3.000%, 04/01/27

    540,859        558,986   

3.000%, TBA (c)

    4,000,000        4,120,000   

4.500%, 04/01/18

    32,516        34,332   

4.500%, 06/01/18

    85,027        89,819   

4.500%, 07/01/18

    72,358        76,424   

4.500%, 03/01/19

    115,323        122,010   

4.500%, 06/01/19

    75,022        79,368   

4.500%, 04/01/20

    74,887        79,657   

4.500%, 07/01/20

    39,056        41,362   

5.000%, 11/01/17

    68,444        72,257   

5.000%, 02/01/18

    197,315        208,279   

5.000%, 07/01/19

    157,706        168,093   

5.000%, 07/01/20

    115,495        122,014   

5.000%, 12/01/20

    185,970        198,291   

5.500%, 11/01/17

    110,441        116,927   

5.500%, 12/01/17

    15,778        16,707   

5.500%, 01/01/18

    83,989        88,902   

5.500%, 02/01/18

    66,651        70,539   

5.500%, 06/01/19

    164,181        175,914   

5.500%, 07/01/19

    129,514        138,121   

5.500%, 08/01/19

    41,029        43,861   

5.500%, 09/01/19

    143,634        153,403   

5.500%, 01/01/21

    66,080        72,384   

5.500%, 03/01/21

    20,895        22,892   

6.000%, 07/01/16

    22,103        22,659   

6.000%, 01/01/17

    18,438        19,005   

6.000%, 02/01/17

    45,229        47,169   

6.000%, 08/01/17

    7,266        7,597   

6.000%, 09/01/17

    67,259        70,003   

6.000%, 03/01/18

    7,442        7,811   

6.000%, 11/01/18

    42,342        44,445   

6.000%, 01/01/21

    76,747        81,917   

6.000%, 05/01/21

    28,534        30,280   

Fannie Mae 20 Yr. Pool
6.000%, 11/01/25

    39,169        44,231   

Fannie Mae 30 Yr. Pool
3.500%, 11/01/41

    122,135        125,006   

3.500%, 01/01/42

    1,080,918        1,109,021   

3.500%, 04/01/43

    1,224,630        1,253,642   

3.500%, 05/01/43

    2,501,888        2,560,696   

3.500%, 06/01/43

    809,890        828,927   

3.500%, 07/01/43

    2,004,099        2,051,206   

3.500%, 09/01/43

    3,161,650        3,235,966   

4.000%, 02/01/41

    248,470        262,205   

4.000%, TBA (c)

    15,378,000        16,202,869   

4.500%, 08/01/33

    361,318        391,287   

4.500%, 03/01/34

    1,099,927        1,195,669   

4.500%, 08/01/40

    88,061        95,614   

4.500%, 02/01/41

    493,086        535,923   

4.500%, 04/01/41

    520,634        565,718   

4.500%, 04/01/44

    4,280,749        4,625,463   

4.500%, TBA (c)

    1,130,000        1,219,164   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
5.000%, 11/01/33

    197,253      218,158   

5.000%, 03/01/34

    166,540        184,218   

5.000%, 05/01/34

    73,393        81,172   

5.000%, 08/01/34

    72,409        80,067   

5.000%, 09/01/34

    267,573        295,974   

5.000%, 06/01/35

    186,125        205,435   

5.000%, 07/01/35

    560,258        618,521   

5.000%, 08/01/35

    182,569        201,929   

5.000%, 09/01/35

    131,069        144,988   

5.000%, 10/01/35

    524,949        580,420   

5.000%, 07/01/39

    592,528        659,258   

5.000%, 10/01/39

    384,725        427,432   

5.000%, 11/01/39

    142,337        158,438   

5.000%, 11/01/40

    174,609        193,712   

5.000%, 01/01/41

    78,496        86,616   

5.000%, 03/01/41

    122,167        135,855   

5.500%, 02/01/33

    89,168        99,594   

5.500%, 05/01/33

    15,678        17,605   

5.500%, 06/01/33

    303,459        340,603   

5.500%, 11/01/33

    202,631        227,517   

5.500%, 12/01/33

    33,819        37,632   

5.500%, 01/01/34

    160,692        180,211   

5.500%, 02/01/34

    309,343        347,256   

5.500%, 03/01/34

    72,266        80,813   

5.500%, 04/01/34

    100,201        112,608   

5.500%, 05/01/34

    559,686        632,317   

5.500%, 06/01/34

    660,599        741,611   

5.500%, 07/01/34

    226,311        253,559   

5.500%, 09/01/34

    811,520        908,840   

5.500%, 10/01/34

    1,023,112        1,143,556   

5.500%, 11/01/34

    1,261,272        1,416,176   

5.500%, 12/01/34

    619,682        696,040   

5.500%, 01/01/35

    591,690        664,617   

5.500%, 02/01/35

    53,712        59,798   

5.500%, 04/01/35

    100,564        112,838   

5.500%, 07/01/35

    65,937        73,403   

5.500%, 08/01/35

    29,677        33,035   

5.500%, 09/01/35

    354,991        399,791   

6.000%, 02/01/32

    216,072        247,029   

6.000%, 03/01/34

    37,009        42,531   

6.000%, 04/01/34

    362,847        414,357   

6.000%, 06/01/34

    446,150        512,658   

6.000%, 07/01/34

    424,002        485,265   

6.000%, 08/01/34

    704,045        803,304   

6.000%, 10/01/34

    382,478        437,277   

6.000%, 11/01/34

    43,943        49,712   

6.000%, 12/01/34

    24,903        28,128   

6.000%, 08/01/35

    92,142        105,551   

6.000%, 09/01/35

    119,536        137,086   

6.000%, 10/01/35

    201,553        231,351   

6.000%, 11/01/35

    35,523        40,627   

6.000%, 12/01/35

    198,217        225,508   

6.000%, 02/01/36

    176,332        202,305   

6.000%, 04/01/36

    255,682        293,092   

6.000%, 06/01/36

    67,056        76,228   

 

MSF-130


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
6.000%, 07/01/37

    237,973      $ 272,094   

6.500%, 06/01/31

    62,124        70,321   

6.500%, 07/01/31

    22,592        25,573   

6.500%, 08/01/31

    15,592        17,649   

6.500%, 09/01/31

    67,605        76,810   

6.500%, 02/01/32

    40,631        46,230   

6.500%, 07/01/32

    167,873        193,913   

6.500%, 08/01/32

    162,085        186,062   

6.500%, 01/01/33

    69,818        80,276   

6.500%, 04/01/34

    107,899        123,257   

6.500%, 06/01/34

    36,521        41,340   

6.500%, 08/01/34

    74,580        84,420   

6.500%, 04/01/36

    26,974        30,533   

6.500%, 05/01/36

    114,784        129,929   

6.500%, 02/01/37

    239,513        271,113   

6.500%, 05/01/37

    126,052        142,683   

6.500%, 07/01/37

    117,063        132,509   

Fannie Mae Pool
2.410%, 05/01/23

    97,769        94,934   

2.550%, 05/01/23

    157,305        154,305   

3.800%, 02/01/18

    137,638        146,565   

3.849%, 07/01/18

    191,550        204,045   

3.910%, 02/01/18

    199,603        212,027   

4.600%, 09/01/19

    132,616        145,543   

4.880%, 03/01/20

    248,766        270,524   

4.940%, 08/01/15

    50,000        50,995   

5.000%, 12/01/18

    281,066        299,595   

5.000%, 08/01/20

    55,780        59,474   

5.370%, 05/01/18

    620,592        692,251   

5.447%, 11/01/15

    336,682        347,491   

5.500%, 07/01/33

    322,176        361,835   

5.500%, 01/01/34

    75,455        84,723   

5.662%, 02/01/16

    205,581        214,397   

5.732%, 07/01/16

    237,451        252,696   

6.000%, 07/01/17

    64,382        67,172   

Fannie Mae-ACES
2.578%, 09/25/18

    500,000        511,055   

Freddie Mac 15 Yr. Gold Pool
4.500%, 05/01/18

    33,518        35,355   

4.500%, 08/01/18

    68,448        72,192   

4.500%, 11/01/18

    83,951        88,553   

4.500%, 01/01/19

    162,369        171,299   

4.500%, 08/01/19

    9,010        9,507   

4.500%, 02/01/20

    62,358        66,175   

4.500%, 08/01/24

    540,601        584,296   

5.000%, 12/01/17

    2,067        2,181   

5.000%, 05/01/18

    30,545        32,243   

5.000%, 09/01/18

    88,244        93,315   

5.500%, 01/01/19

    29,226        30,979   

5.500%, 04/01/19

    14,367        15,229   

5.500%, 06/01/19

    10,721        11,364   

5.500%, 07/01/19

    11,414        12,099   

5.500%, 08/01/19

    11,195        11,962   

5.500%, 02/01/20

    8,972        9,553   

6.000%, 04/01/16

    2,685        2,750   

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool
6.000%, 04/01/17

    16,007      16,734   

6.000%, 07/01/17

    10,873        11,225   

6.000%, 10/01/17

    14,449        14,965   

6.000%, 08/01/19

    97,701        103,569   

6.000%, 09/01/19

    14,438        15,263   

6.000%, 11/01/19

    41,407        43,636   

6.000%, 05/01/21

    43,043        45,976   

6.000%, 10/01/21

    67,970        72,701   

Freddie Mac 20 Yr. Gold Pool
5.500%, 10/01/24

    90,316        100,489   

5.500%, 06/01/25

    167,919        187,037   

5.500%, 07/01/25

    88,601        98,697   

5.500%, 08/01/25

    127,233        141,732   

6.000%, 02/01/23

    135,530        152,689   

6.000%, 12/01/25

    56,943        64,225   

6.000%, 02/01/26

    48,547        54,755   

Freddie Mac 30 Yr. Gold Pool
3.000%, 10/01/42

    1,826,194        1,805,563   

3.000%, 04/01/43

    1,875,391        1,863,351   

3.000%, 05/01/43

    1,677,656        1,667,924   

3.500%, 02/01/42

    921,800        944,097   

3.500%, 04/01/42

    542,132        556,758   

3.500%, 12/01/42

    1,469,082        1,505,529   

3.500%, 04/01/43

    403,775        413,794   

3.500%, 07/01/43

    556,675        568,878   

3.500%, 08/01/43

    942,190        962,841   

4.000%, 11/01/40

    1,395,311        1,470,998   

4.000%, 01/01/41

    1,917,606        2,021,624   

4.000%, 11/01/43

    1,575,881        1,661,363   

4.000%, TBA (c)

    2,733,000        2,877,335   

4.500%, 04/01/35

    101,232        109,761   

4.500%, 07/01/39

    555,347        599,228   

4.500%, 09/01/39

    277,530        299,481   

4.500%, 10/01/39

    167,881        181,152   

5.000%, 09/01/33

    413,437        456,975   

5.000%, 03/01/34

    94,787        105,635   

5.000%, 04/01/34

    70,789        78,247   

5.000%, 08/01/35

    105,661        116,724   

5.000%, 10/01/35

    193,849        215,078   

5.000%, 11/01/35

    197,661        218,284   

5.000%, 12/01/36

    123,964        137,041   

5.000%, 07/01/39

    934,750        1,029,823   

5.500%, 12/01/33

    411,803        464,544   

5.500%, 01/01/34

    290,546        325,526   

5.500%, 04/01/34

    71,491        79,359   

5.500%, 11/01/34

    65,074        73,051   

5.500%, 12/01/34

    119,653        134,277   

5.500%, 05/01/35

    44,935        50,270   

5.500%, 09/01/35

    102,547        115,123   

5.500%, 10/01/35

    111,659        123,962   

6.000%, 04/01/34

    116,661        133,595   

6.000%, 07/01/34

    56,446        63,928   

6.000%, 08/01/34

    500,777        571,803   

6.000%, 09/01/34

    7,453        8,398   

6.000%, 07/01/35

    88,769        101,364   

 

MSF-131


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool
6.000%, 08/01/35

    94,111      $ 107,345   

6.000%, 11/01/35

    210,349        240,555   

6.000%, 03/01/36

    120,946        138,273   

6.000%, 10/01/36

    113,170        129,210   

6.000%, 03/01/37

    8,358        9,420   

6.000%, 05/01/37

    112,452        126,687   

6.000%, 06/01/37

    157,770        180,327   

6.500%, 05/01/34

    30,676        34,710   

6.500%, 06/01/34

    88,966        101,273   

6.500%, 08/01/34

    204,721        231,478   

6.500%, 10/01/34

    142,282        161,226   

6.500%, 11/01/34

    47,511        53,720   

6.500%, 05/01/37

    119,131        141,873   

6.500%, 07/01/37

    174,144        196,905   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.426%, 08/25/17

    250,000        251,034   

1.869%, 11/25/19

    363,000        357,534   

2.303%, 09/25/18

    176,087        178,738   

2.412%, 08/25/18

    458,000        467,687   

2.682%, 10/25/22

    620,000        614,841   

3.034%, 10/25/20 (d)

    319,000        330,307   

3.154%, 02/25/18

    118,000        123,744   

3.320%, 02/25/23

    186,000        192,345   

3.458%, 08/25/23 (d)

    835,000        869,272   

3.808%, 08/25/20

    1,030,000        1,105,168   

3.882%, 11/25/17 (d)

    332,556        354,694   

5.085%, 03/25/19

    1,226,000        1,376,856   

Ginnie Mae I 30 Yr. Pool
3.000%, 02/15/43

    669,282        676,998   

3.500%, 12/15/41

    428,322        445,390   

3.500%, 02/15/42

    262,310        272,127   

4.500%, 09/15/33

    154,183        168,597   

4.500%, 11/15/39

    635,068        689,647   

4.500%, 03/15/40

    511,867        562,410   

4.500%, 04/15/40

    768,843        834,857   

4.500%, 06/15/40

    308,124        338,133   

5.000%, 03/15/34

    56,568        62,573   

5.000%, 06/15/34

    133,168        147,308   

5.000%, 12/15/34

    58,124        64,298   

5.000%, 06/15/35

    20,278        22,396   

5.500%, 11/15/32

    226,275        253,086   

5.500%, 08/15/33

    449,153        504,745   

5.500%, 12/15/33

    253,205        287,294   

5.500%, 09/15/34

    181,416        203,862   

5.500%, 10/15/35

    48,050        53,960   

6.000%, 12/15/28

    57,065        65,675   

6.000%, 12/15/31

    64,645        74,014   

6.000%, 03/15/32

    3,894        4,395   

6.000%, 10/15/32

    211,080        244,136   

6.000%, 01/15/33

    82,938        94,175   

6.000%, 02/15/33

    2,441        2,815   

6.000%, 04/15/33

    271,998        315,409   

6.000%, 08/15/33

    1,646        1,867   

6.000%, 07/15/34

    173,462        199,452   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool
6.000%, 09/15/34

    45,710      51,587   

6.000%, 01/15/38

    254,297        290,050   

Ginnie Mae II 30 Yr. Pool
3.000%, 06/20/43

    1,453,266        1,465,731   

3.000%, 07/20/43

    655,282        660,903   

3.500%, 06/20/43

    2,026,587        2,098,357   

3.500%, 07/20/43

    2,249,701        2,329,372   

4.000%, 01/20/41

    1,903,632        2,026,243   

4.000%, 02/20/41

    470,283        500,381   

4.000%, 04/20/41

    353,547        376,101   

4.000%, 02/20/42

    520,799        553,078   

4.500%, 07/20/33

    30,326        33,196   

4.500%, 09/20/33

    20,806        22,775   

4.500%, 12/20/34

    17,371        19,010   

4.500%, 03/20/35

    88,262        96,481   

4.500%, 01/20/41

    513,032        559,609   

4.500%, 10/20/43

    1,036,179        1,126,001   

5.000%, 07/20/33

    67,201        74,959   

6.000%, 01/20/35

    70,940        81,679   

6.000%, 02/20/35

    35,192        40,533   

6.000%, 04/20/35

    55,297        63,282   
   

 

 

 
      121,281,183   
   

 

 

 

Federal Agencies—0.1%

  

Financing Corp.
9.650%, 11/02/18

    430,000        564,744   
   

 

 

 

U.S. Treasury—13.0%

  

U.S. Treasury Bonds
2.875%, 05/15/43

    1,700,000        1,592,422   

4.500%, 02/15/36

    293,000        361,626   

4.500%, 08/15/39 (a)

    20,492,000        25,432,498   

5.000%, 05/15/37 (a)

    232,000        306,131   

5.250%, 02/15/29

    16,000        20,600   

5.375%, 02/15/31

    887,000        1,174,028   

6.250%, 08/15/23 (a)

    80,000        104,700   

8.500%, 02/15/20 (a)

    1,104,000        1,480,396   

U.S. Treasury Notes
0.375%, 02/15/16 (a)

    15,736,100        15,755,770   

0.750%, 06/30/17 (a)

    26,286,000        26,111,435   

0.875%, 12/31/16 (a)

    16,276,000        16,319,229   

2.625%, 02/29/16 (a)

    800,000        826,156   

2.750%, 02/15/19

    2,524,100        2,641,627   

3.125%, 05/15/19

    6,086,000        6,466,850   

3.125%, 05/15/21

    16,470,000        17,453,062   

3.500%, 05/15/20 (a)

    7,140,000        7,737,975   

3.750%, 11/15/18

    2,067,000        2,247,701   

4.125%, 05/15/15 (a)

    125,000        128,154   

4.750%, 08/15/17 (a)

    2,444,000        2,699,474   
   

 

 

 
      128,859,834   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $242,715,701)

      250,705,761   
   

 

 

 

 

MSF-132


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—10.5%

 

Security Description   Principal
Amount*
    Value  

Aerospace/Defense—0.1%

  

BAE Systems Holdings, Inc.
5.200%, 08/15/15 (144A)

    756,000      $ 785,794   

United Technologies Corp.
3.100%, 06/01/22

    420,000        419,768   
   

 

 

 
      1,205,562   
   

 

 

 

Agriculture—0.2%

  

Altria Group, Inc.
2.850%, 08/09/22

    1,020,000        976,993   

BAT International Finance plc
3.250%, 06/07/22 (144A) (a)

    1,026,000        1,023,012   
   

 

 

 
      2,000,005   
   

 

 

 

Auto Manufacturers—0.2%

  

Toyota Motor Credit Corp.
3.200%, 06/17/15

    630,000        642,640   

3.400%, 09/15/21

    880,000        911,640   

Volkswagen International Finance NV
2.375%, 03/22/17 (144A) (a)

    857,000        879,376   
   

 

 

 
      2,433,656   
   

 

 

 

Banks—2.7%

  

Achmea Bank NV
3.200%, 11/03/14 (144A)

    541,000        542,331   

Banco Bradesco S.A.
6.750%, 09/29/19 (144A)

    613,000        686,560   

Banco de Credito del Peru
5.375%, 09/16/20

    835,000        899,713   

Bank of America Corp.
4.100%, 07/24/23

    1,270,000        1,296,539   

4.125%, 01/22/24

    1,973,000        2,010,696   

5.490%, 03/15/19

    196,000        216,376   

7.625%, 06/01/19

    710,000        857,720   

Bank One Corp.
8.000%, 04/29/27

    100,000        133,807   

BBVA Bancomer S.A.
6.750%, 09/30/22 (144A)

    810,000        907,200   

BNP Paribas S.A.
7.195%, 06/25/37 (144A) (a) (d)

    500,000        581,250   

BPCE S.A.
12.500%, 09/30/19 (144A) (d)

    922,000        1,251,615   

Capital One Financial Corp.
6.150%, 09/01/16

    1,330,000        1,453,239   

Citigroup, Inc.
2.500%, 09/26/18

    580,000        583,772   

Credit Suisse AG
6.500%, 08/08/23 (144A)

    830,000        902,666   

Discover Bank
4.200%, 08/08/23

    510,000        527,987   

Goldman Sachs Group, Inc. (The)
5.625%, 01/15/17

    1,351,000        1,467,201   

HSBC Holdings plc
5.100%, 04/05/21

    679,000        764,079   

ING Bank NV
5.800%, 09/25/23 (144A)

    1,076,000        1,185,230   

Banks—(Continued)

  

JPMorgan Chase & Co.
3.200%, 01/25/23

    1,272,000      1,241,701   

3.250%, 09/23/22

    262,000        257,874   

6.300%, 04/23/19

    1,210,000        1,403,520   

KFW
4.875%, 06/17/19

    1,290,000        1,467,290   

Morgan Stanley
3.875%, 04/29/24

    1,081,000        1,079,879   

6.625%, 04/01/18

    1,343,000        1,538,036   

PNC Funding Corp.
5.625%, 02/01/17

    1,080,000        1,177,344   

Royal Bank of Scotland Group plc
2.550%, 09/18/15

    247,000        250,663   

Santander U.S. Debt S.A.
3.781%, 10/07/15 (144A)

    500,000        513,712   

Swedbank AB
2.125%, 09/29/17 (144A)

    231,000        233,284   

U.S. Bancorp
3.700%, 01/30/24 (a)

    785,000        809,324   

Wells Fargo & Co.
5.900%, 06/15/24 (a) (d)

    594,000        605,138   
   

 

 

 
      26,845,746   
   

 

 

 

Beverages—0.3%

  

Anheuser-Busch InBev Worldwide, Inc.
8.000%, 11/15/39

    1,020,000        1,522,297   

Diageo Capital plc
2.625%, 04/29/23

    1,020,000        971,432   
   

 

 

 
      2,493,729   
   

 

 

 

Biotechnology—0.0%

  

Gilead Sciences, Inc.
3.700%, 04/01/24

    312,000        318,689   
   

 

 

 

Commercial Services—0.2%

  

ERAC USA Finance LLC
7.000%, 10/15/37 (144A)

    1,115,000        1,472,670   
   

 

 

 

Computers—0.0%

  

Apple, Inc.
3.850%, 05/04/43

    370,000        343,079   
   

 

 

 

Diversified Financial Services—0.2%

  

General Electric Capital Corp.
2.300%, 01/14/19

    940,000        949,265   

3.100%, 01/09/23

    481,000        476,040   

ZFS Finance USA Trust V
6.500%, 05/09/37 (144A) (d)

    491,000        527,825   
   

 

 

 
      1,953,130   
   

 

 

 

Electric—0.8%

  

Berkshire Hathaway Energy Co.
3.750%, 11/15/23 (a)

    440,000        451,355   

Midamerican Funding, LLC
6.927%, 03/01/29

    699,000        909,015   

 

MSF-133


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Electric—(Continued)

  

Oncor Electric Delivery Co. LLC
7.000%, 09/01/22

    795,000      $ 1,003,511   

Pacific Gas & Electric Co.
4.600%, 06/15/43

    880,000        910,793   

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

    880,000        867,117   

5.000%, 03/15/44

    296,000        319,801   

Progress Energy, Inc.
3.150%, 04/01/22

    1,083,000        1,086,755   

PSEG Power LLC
5.320%, 09/15/16

    989,000        1,069,639   

State Grid Overseas Investment 2014, Ltd.
2.750%, 05/07/19 (144A) (e)

    778,000        779,617   

W3A Funding Corp.
8.090%, 01/02/17

    303,615        303,614   
   

 

 

 
      7,701,217   
   

 

 

 

Engineering & Construction—0.0%

  

ABB Finance USA, Inc.
2.875%, 05/08/22

    309,000        305,399   
   

 

 

 

Food—0.2%

  

ConAgra Foods, Inc.
3.200%, 01/25/23

    374,000        358,696   

Kraft Foods Group, Inc.
3.500%, 06/06/22

    412,000        417,036   

5.000%, 06/04/42

    640,000        669,090   

WM Wrigley Jr. Co.
2.400%, 10/21/18 (144A)

    248,000        249,765   
   

 

 

 
      1,694,587   
   

 

 

 

Healthcare-Products—0.1%

  

CareFusion Corp.
6.375%, 08/01/19

    1,110,000        1,280,382   
   

 

 

 

Healthcare-Services—0.1%

  

Roche Holdings, Inc.
6.000%, 03/01/19 (144A)

    750,000        869,178   

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

    600,000        593,211   
   

 

 

 
      1,462,389   
   

 

 

 

Household Products/Wares—0.1%

  

Reckitt Benckiser Treasury Services plc
3.625%, 09/21/23 (144A) (a)

    1,070,000        1,093,636   
   

 

 

 

Insurance—0.7%

  

ACE INA Holdings, Inc.
2.700%, 03/13/23

    1,000,000        960,533   

Allstate Corp. (The)
5.750%, 08/15/53 (d)

    318,000        338,670   

American International Group, Inc.
4.125%, 02/15/24

    750,000        779,061   

4.875%, 06/01/22

    1,770,000        1,946,865   

Insurance—(Continued)

  

Chubb Corp. (The)
6.375%, 03/29/67 (d)

    1,510,000      1,655,338   

Liberty Mutual Group, Inc.
4.250%, 06/15/23 (144A)

    578,000        590,728   

Marsh & McLennan Cos., Inc.
4.800%, 07/15/21

    920,000        1,013,121   
   

 

 

 
      7,284,316   
   

 

 

 

Internet—0.1%

  

Baidu, Inc.
3.500%, 11/28/22 (a)

    1,110,000        1,079,498   
   

 

 

 

Investment Company Security—0.2%

  

Temasek Financial I, Ltd.
2.375%, 01/23/23 (144A)

    1,790,000        1,715,230   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

Atlas Copco AB
5.600%, 05/22/17 (144A)

    910,000        1,003,479   
   

 

 

 

Media—0.5%

  

21st Century Fox America, Inc.
8.500%, 02/23/25

    722,000        963,951   

Comcast Corp.
2.850%, 01/15/23

    990,000        970,042   

Discovery Communications LLC
4.875%, 04/01/43 (a)

    620,000        613,482   

Grupo Televisa S.A.B.
5.000%, 05/13/45

    318,000        314,149   

Time Warner Entertainment Co. L.P.
8.375%, 07/15/33

    1,240,000        1,831,641   
   

 

 

 
      4,693,265   
   

 

 

 

Mining—0.2%

  

Corp. Nacional del Cobre de Chile
3.750%, 11/04/20 (144A)

    290,000        297,815   

Freeport-McMoRan, Inc.
3.875%, 03/15/23 (a)

    1,010,000        996,176   

Rio Tinto Finance USA plc
3.500%, 03/22/22

    900,000        913,148   
   

 

 

 
      2,207,139   
   

 

 

 

Miscellaneous Manufacturing—0.1%

  

General Electric Co.
2.700%, 10/09/22

    800,000        778,670   
   

 

 

 

Multi-National—0.1%

  

Asian Development Bank
1.125%, 03/15/17

    574,000        576,204   
   

 

 

 

Oil & Gas—1.0%

  

Apache Corp.
3.250%, 04/15/22

    421,000        421,882   

4.750%, 04/15/43

    321,000        320,787   

 

MSF-134


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

BP Capital Markets plc
4.500%, 10/01/20

    306,000      $ 334,207   

4.742%, 03/11/21

    847,000        934,474   

CNOOC Finance 2012, Ltd.
3.875%, 05/02/22 (144A)

    1,010,000        1,011,767   

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

    302,000        288,196   

Petro-Canada
6.050%, 05/15/18

    1,664,000        1,897,464   

Petroleos Mexicanos
3.125%, 01/23/19 (144A) (a) (e)

    352,000        360,800   

8.000%, 05/03/19

    759,000        921,805   

Ras Laffan Liquefied Natural Gas Co., Ltd. III
5.832%, 09/30/16 (144A)

    367,630        388,019   

Statoil ASA
7.750%, 06/15/23

    100,000        132,714   

Total Capital International S.A.
1.550%, 06/28/17

    1,239,000        1,247,833   

3.750%, 04/10/24

    910,000        934,380   

Transocean, Inc.
3.800%, 10/15/22 (a)

    505,000        463,484   
   

 

 

 
      9,657,812   
   

 

 

 

Pharmaceuticals—0.5%

  

AbbVie, Inc.
1.200%, 11/06/15

    1,850,000        1,856,962   

Express Scripts Holding Co.
2.650%, 02/15/17

    1,280,000        1,316,237   

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

    1,270,000        1,290,834   
   

 

 

 
      4,464,033   
   

 

 

 

Pipelines—0.5%

  

Energy Transfer Partners L.P.
3.600%, 02/01/23

    558,000        543,158   

4.900%, 02/01/24

    450,000        470,358   

Enterprise Products Operating LLC
6.500%, 01/31/19

    908,000        1,063,722   

Kinder Morgan Energy Partners L.P.
4.150%, 02/01/24 (a)

    691,000        682,402   

7.750%, 03/15/32

    625,000        784,368   

Spectra Energy Capital LLC
8.000%, 10/01/19

    1,253,000        1,550,144   
   

 

 

 
      5,094,152   
   

 

 

 

Real Estate Investment Trusts—0.2%

  

ERP Operating L.P.
4.625%, 12/15/21

    896,000        977,456   

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

    734,000        819,060   
   

 

 

 
      1,796,516   
   

 

 

 

Retail—0.4%

  

Gap, Inc. (The)
5.950%, 04/12/21

    620,000        705,102   

Retail—(Continued)

  

Home Depot, Inc. (The)
3.750%, 02/15/24 (a)

    600,000      625,057   

5.950%, 04/01/41

    278,000        346,326   

L Brands, Inc.
5.250%, 11/01/14

    370,000        370,740   

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

    1,830,000        2,113,943   
   

 

 

 
      4,161,168   
   

 

 

 

Telecommunications—0.7%

  

Crown Castle Towers LLC
4.883%, 08/15/20 (144A)

    370,000        407,832   

6.113%, 01/15/20 (144A)

    711,000        822,467   

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

    1,483,000        1,736,360   

Verizon Communications, Inc.
6.400%, 09/15/33

    1,271,000        1,548,355   

6.550%, 09/15/43

    1,700,000        2,123,967   
   

 

 

 
      6,638,981   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $97,681,301)

      103,754,339   
   

 

 

 
Mortgage-Backed Securities—1.9%   

Collateralized Mortgage Obligations—0.1%

  

American Tower Trust I
3.070%, 03/15/48 (144A)

    1,000,000        981,688   

BlackRock Capital Finance L.P.
7.750%, 09/25/26 (144A) (e)

    47,732        6,037   
   

 

 

 
      987,725   
   

 

 

 

Commercial Mortgage-Backed Securities—1.8%

  

Credit Suisse Commercial Mortgage Trust
5.695%, 09/15/40 (d)

    1,735,738        1,885,372   

General Electric Capital Assurance Co.
5.743%, 05/12/35 (144A) (d) (e)

    35,000        39,266   

Greenwich Capital Commercial Funding Corp.
5.475%, 03/10/39

    3,025,000        3,199,367   

GS Mortgage Securities Trust
5.991%, 08/10/45 (d)

    3,210,243        3,505,910   

JP Morgan Chase Commercial Mortgage Securities Trust
5.475%, 04/15/43 (d)

    149,485        156,937   

5.981%, 06/15/49 (d)

    2,207,157        2,391,029   

Merrill Lynch / Countrywide Commercial Mortgage Trust
5.810%, 06/12/50 (d)

    3,700,015        4,025,602   

Morgan Stanley Capital I, Inc.
1.118%, 11/15/30 (144A) (d) (f)

    1,603,574        40,402   

Wachovia Bank Commercial Mortgage Trust
5.933%, 06/15/49 (d)

    1,131,867        1,224,330   

6.140%, 02/15/51 (d)

    1,499,006        1,615,840   
   

 

 

 
      18,084,055   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $18,801,124)

      19,071,780   
   

 

 

 

 

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Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Asset-Backed Securities—0.7%

 

Security Description  

Shares/

Principal
Amount*

    Value  

Asset-Backed - Home Equity—0.2%

  

Bayview Financial Revolving Asset Trust
1.752%, 12/28/40 (144A) (d) (e)

    883,744      $ 527,147   

GMAC Home Equity Loan Trust
5.805%, 10/25/36 (d)

    373,458        356,473   

Home Equity Loan Trust
5.320%, 12/25/35 (d)

    870,639        706,309   
   

 

 

 
      1,589,929   
   

 

 

 

Asset-Backed - Other—0.5%

  

Cent CLO 17
1.536%, 01/30/25 (144A) (d) (e)

    831,000        823,922   

Dryden XXVI Senior Loan Fund
1.334%, 07/15/25 (144A) (d) (e)

    1,068,000        1,052,546   

Ford Credit Auto Owner Trust/ Ford Credit
2.260%, 11/15/25 (144A)

    550,000        549,569   

ING IM CLO, Ltd.
1.384%, 04/25/25 (144A) (d) (e)

    970,000        957,478   

Race Point IV CLO, Ltd.
0.440%, 08/01/21 (144A) (d)

    549,715        546,045   

Small Business Administration Participation Certificates
4.350%, 07/01/23

    401,282        421,776   

4.770%, 04/01/24

    24,906        26,324   

4.950%, 03/01/25

    150,015        161,961   

4.990%, 09/01/24

    74,578        80,347   

5.110%, 08/01/25

    232,353        251,038   

5.180%, 05/01/24

    42,444        45,687   

5.520%, 06/01/24

    114,440        124,368   
   

 

 

 
      5,041,061   
   

 

 

 

Total Asset-Backed Securities
(Cost $7,086,947)

      6,630,990   
   

 

 

 
Foreign Government—0.4%   

Sovereign—0.4%

  

Egypt Government AID Bond
4.450%, 09/15/15

    1,903,000        1,978,214   

Iceland Government International Bond
4.875%, 06/16/16 (144A)

    970,000        1,009,654   

Mexico Government International Bond
4.750%, 03/08/44

    909,000        902,182   

Peruvian Government International Bond
7.350%, 07/21/25 (a)

    103,000        134,158   
   

 

 

 

Total Foreign Government
(Cost $3,991,576)

      4,024,208   
   

 

 

 
Preferred Stocks—0.3%   

Electric Utilities—0.1%

  

Cia Energetica de Minas Gerais

    184,952        1,132,644   
   

 

 

 

Metals & Mining—0.2%

  

Vale S.A.

    187,900      1,825,457   
   

 

 

 

Total Preferred Stocks
(Cost $3,316,931)

      2,958,101   
   

 

 

 
Municipals—0.2%   

New Jersey State Turnpike Authority
7.414%, 01/01/40
(Cost $1,092,733)

    1,050,000        1,503,800   
   

 

 

 
Convertible Preferred Stock—0.0%   

Aerospace & Defense—0.0%

  

United Technologies Corp.
7.500%, 08/01/15 (a)
(Cost $253,156)

    5,027        296,040   
   

 

 

 
Short-Term Investments—12.7%   

Mutual Fund—9.5%

  

State Street Navigator Securities Lending MET Portfolio (g)

    93,900,321        93,900,321   
   

 

 

 

Commercial Paper—0.9%

  

HSBC Americas, Inc.
0.051%, 10/01/14 (h)

    8,587,000        8,587,000   
   

 

 

 

Repurchase Agreement—2.3%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $23,120,337 on 10/01/14, collateralized by $22,335,000 U.S. Treasury Bond at 11.250% due 02/15/15 with a value of $23,584,420.

    23,120,337        23,120,337   
   

 

 

 

Total Short-Term Investments
(Cost $125,607,658)

      125,607,658   
   

 

 

 

Total Investments—112.2%
(Cost $928,505,105) (i)

      1,107,701,599   

Other assets and liabilities (net)—(12.2)%

      (120,251,001
   

 

 

 
Net Assets—100.0%     $ 987,450,598   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $98,226,338 and the collateral received consisted of cash in the amount of $93,900,321 and non-cash collateral with a value of $6,928,013. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.

 

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MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

(b) Non-income producing security.
(c) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(d) Variable or floating rate security. The stated rate represents the rate at September 30, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(e) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2014, the market value of restricted securities was $4,546,813, which is 0.5% of net assets. See details shown in the Restricted Securities table that follows.
(f) Interest only security.
(g) Represents investment of cash collateral received from securities lending transactions.
(h) The rate shown represents current yield to maturity.
(i) As of September 30, 2014, the aggregate cost of investments was $928,505,105. The aggregate unrealized appreciation and depreciation of investments were $187,582,905 and $(8,386,411), respectively, resulting in net unrealized appreciation of $179,196,494.
(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, 2014, the market value of 144A securities was $27,616,612, which is 2.8% of net assets.
(ACES)— Alternative Credit Enhancement Securities.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(CLO)— Collateralized Loan Obligation

 

Restricted Securities

   Acquisition
Date
   Principal
Amount
     Cost      Value  

Bayview Financial Revolving Asset Trust

   03/01/06    $ 883,744       $ 883,744       $ 527,147   

BlackRock Capital Finance L.P.

   05/01/06      47,732         45,998         6,037   

Cent CLO 17

   09/26/14      831,000         825,806         823,922   

Dryden XXVI Senior Loan Fund

   09/26/14      1,068,000         1,052,300         1,052,546   

General Electric Capital Assurance Co.

   09/23/03      35,000         35,175         39,266   

ING IM CLO, Ltd.

   09/26/14      970,000         958,360         957,478   

Petroleos Mexicanos

   01/23/14      352,000         352,000         360,800   

State Grid Overseas Investment 2014, Ltd.

   05/07/14      778,000         771,356         779,617   
           

 

 

 
            $ 4,546,813   
           

 

 

 

 

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Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 30,550,301       $ —         $ —         $ 30,550,301   

Air Freight & Logistics

     4,446,246         —           —           4,446,246   

Airlines

     706,612         —           —           706,612   

Auto Components

     10,881,360         —           —           10,881,360   

Automobiles

     1,271,052         —           —           1,271,052   

Banks

     53,107,919         4,134,965         —           57,242,884   

Beverages

     2,393,758         4,321,078         —           6,714,836   

Capital Markets

     26,972,545         —           —           26,972,545   

Chemicals

     10,037,222         —           —           10,037,222   

Commercial Services & Supplies

     3,217,731         —           —           3,217,731   

Construction & Engineering

     783,580         —           —           783,580   

Consumer Finance

     3,605,392         —           —           3,605,392   

Containers & Packaging

     1,740,351         —           —           1,740,351   

Diversified Financial Services

     2,313,857         —           —           2,313,857   

Diversified Telecommunication Services

     17,324,491         2,269,816         —           19,594,307   

Electric Utilities

     9,194,461         —           —           9,194,461   

Electrical Equipment

     2,988,402         —           —           2,988,402   

Electronic Equipment, Instruments & Components

     —           1,092,315         —           1,092,315   

Energy Equipment & Services

     3,870,551         —           —           3,870,551   

Food & Staples Retailing

     14,434,262         —           —           14,434,262   

Food Products

     8,792,899         9,611,438         —           18,404,337   

Health Care Equipment & Supplies

     14,760,772         —           —           14,760,772   

Health Care Providers & Services

     6,003,267         —           —           6,003,267   

Hotels, Restaurants & Leisure

     6,739,793         —           —           6,739,793   

Household Products

     5,456,247         1,166,500         —           6,622,747   

Independent Power and Renewable Electricity Producers

     1,258,428         —           —           1,258,428   

Industrial Conglomerates

     14,851,305         1,478,508         —           16,329,813   

Insurance

     32,426,122         4,458,076         —           36,884,198   

Internet Software & Services

     8,847,146         —           —           8,847,146   

IT Services

     18,731,544         —           —           18,731,544   

Leisure Products

     2,094,350         —           —           2,094,350   

Life Sciences Tools & Services

     5,360,398         —           —           5,360,398   

Machinery

     10,089,733         —           —           10,089,733   

Media

     30,162,431         —           —           30,162,431   

Metals & Mining

     1,358,667         2,228,263         —           3,586,930   

Multi-Utilities

     2,415,002         3,970,841         —           6,385,843   

Multiline Retail

     14,741,678         —           —           14,741,678   

Oil, Gas & Consumable Fuels

     44,962,334         2,991,488         —           47,953,822   

 

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Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Pharmaceuticals

   $ 47,262,319       $ 4,937,671      $ —         $ 52,199,990   

Professional Services

     —           993,905        —           993,905   

Real Estate Investment Trusts

     5,023,393         501,446        —           5,524,839   

Road & Rail

     2,652,500         —          —           2,652,500   

Semiconductors & Semiconductor Equipment

     14,460,596         —          —           14,460,596   

Software

     13,085,840         —          —           13,085,840   

Specialty Retail

     3,208,398         —          —           3,208,398   

Technology Hardware, Storage & Peripherals

     4,839,045         —          —           4,839,045   

Textiles, Apparel & Luxury Goods

     1,587,104         —          —           1,587,104   

Tobacco

     24,312,141         2,548,837        —           26,860,978   

Wireless Telecommunication Services

     —           1,120,230        —           1,120,230   

Total Common Stocks

     545,323,545         47,825,377        —           593,148,922   

Total U.S. Treasury & Government Agencies*

     —           250,705,761        —           250,705,761   

Total Corporate Bonds & Notes*

     —           103,754,339        —           103,754,339   

Total Mortgage-Backed Securities*

     —           19,071,780        —           19,071,780   

Total Asset-Backed Securities*

     —           6,630,990        —           6,630,990   

Total Foreign Government*

     —           4,024,208        —           4,024,208   

Total Preferred Stocks*

     2,958,101         —          —           2,958,101   

Total Municipals

     —           1,503,800        —           1,503,800   

Total Convertible Preferred Stock*

     296,040         —          —           296,040   
Short-Term Investments           

Mutual Fund

     93,900,321         —          —           93,900,321   

Commercial Paper

     —           8,587,000        —           8,587,000   

Repurchase Agreement

     —           23,120,337        —           23,120,337   

Total Short-Term Investments

     93,900,321         31,707,337        —           125,607,658   

Total Investments

   $ 642,478,007       $ 465,223,592      $ —         $ 1,107,701,599   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (93,900,321   $ —         $ (93,900,321

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 2 to Level 1 in the amount of $1,779,048 were due to the discontinuation of a systematic fair valuation model factor.

 

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Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—99.4% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—7.3%

  

Honeywell International, Inc.

    678,003      $ 63,135,639   

Lockheed Martin Corp.

    433,182        79,177,006   

Northrop Grumman Corp.

    227,676        29,998,590   

United Technologies Corp.

    700,894        74,014,407   
   

 

 

 
      246,325,642   
   

 

 

 

Air Freight & Logistics—1.5%

  

United Parcel Service, Inc. - Class B

    527,465        51,844,535   
   

 

 

 

Auto Components—1.7%

  

Delphi Automotive plc

    404,623        24,819,575   

Johnson Controls, Inc.

    711,767        31,317,748   
   

 

 

 
      56,137,323   
   

 

 

 

Banks—10.4%

  

Citigroup, Inc.

    171,099        8,866,350   

JPMorgan Chase & Co.

    2,429,386        146,346,213   

PNC Financial Services Group, Inc. (The)

    336,810        28,824,200   

U.S. Bancorp

    1,341,705        56,123,520   

Wells Fargo & Co.

    2,164,961        112,296,527   
   

 

 

 
      352,456,810   
   

 

 

 

Beverages—2.0%

  

Diageo plc

    1,665,636        48,160,158   

Dr Pepper Snapple Group, Inc.

    306,251        19,695,002   
   

 

 

 
      67,855,160   
   

 

 

 

Capital Markets—6.4%

  

Bank of New York Mellon Corp. (The)

    1,094,339        42,383,749   

BlackRock, Inc.

    98,433        32,317,523   

Franklin Resources, Inc.

    811,594        44,321,148   

Goldman Sachs Group, Inc. (The)

    358,421        65,795,343   

State Street Corp.

    438,790        32,299,332   
   

 

 

 
      217,117,095   
   

 

 

 

Chemicals—1.4%

  

PPG Industries, Inc.

    228,485        44,952,139   

Valspar Corp. (The)

    42,642        3,368,291   
   

 

 

 
      48,320,430   
   

 

 

 

Commercial Services & Supplies—1.0%

  

Tyco International, Ltd.

    778,433        34,694,759   
   

 

 

 

Containers & Packaging—0.5%

  

Crown Holdings, Inc. (a)

    349,369        15,553,908   
   

 

 

 

Diversified Financial Services—1.2%

  

McGraw Hill Financial, Inc.

    174,765        14,758,904   

Moody’s Corp.

    36,203        3,421,183   

NASDAQ OMX Group, Inc. (The) (b)

    502,773        21,327,631   
   

 

 

 
      39,507,718   
   

 

 

 

Diversified Telecommunication Services—2.2%

  

AT&T, Inc.

    288,981        10,183,690   

Diversified Telecommunication Services—(Continued)

  

Verizon Communications, Inc.

    1,269,803      63,477,442   
   

 

 

 
      73,661,132   
   

 

 

 

Electric Utilities—0.4%

  

Duke Energy Corp.

    155,712        11,642,586   
   

 

 

 

Electrical Equipment—0.8%

  

Eaton Corp. plc

    449,658        28,494,827   
   

 

 

 

Food & Staples Retailing—1.9%

  

CVS Health Corp.

    820,611        65,312,430   
   

 

 

 

Food Products—4.2%

  

Danone S.A.

    381,105        25,442,619   

General Mills, Inc.

    983,322        49,608,595   

Kellogg Co.

    158,962        9,792,059   

Nestle S.A.

    787,439        57,758,412   
   

 

 

 
      142,601,685   
   

 

 

 

Health Care Equipment & Supplies—3.9%

  

Abbott Laboratories

    967,460        40,236,661   

Covidien plc

    332,826        28,792,777   

Medtronic, Inc. (b)

    649,766        40,253,004   

St. Jude Medical, Inc.

    374,173        22,499,023   
   

 

 

 
      131,781,465   
   

 

 

 

Health Care Providers & Services—1.0%

  

Express Scripts Holding Co. (a)

    444,552        31,398,708   

Quest Diagnostics, Inc. (b)

    55,680        3,378,662   
   

 

 

 
      34,777,370   
   

 

 

 

Hotels, Restaurants & Leisure—1.0%

  

McDonald’s Corp.

    362,489        34,367,582   
   

 

 

 

Household Products—0.5%

  

Procter & Gamble Co. (The)

    209,174        17,516,231   
   

 

 

 

Industrial Conglomerates—3.3%

  

3M Co.

    489,608        69,367,661   

Danaher Corp.

    543,216        41,273,552   
   

 

 

 
      110,641,213   
   

 

 

 

Insurance—7.2%

  

ACE, Ltd.

    353,310        37,051,620   

Aon plc

    399,663        35,038,455   

Chubb Corp. (The)

    438,531        39,941,404   

Prudential Financial, Inc.

    624,198        54,891,972   

Travelers Cos., Inc. (The)

    814,562        76,519,954   
   

 

 

 
      243,443,405   
   

 

 

 

IT Services—5.4%

  

Accenture plc - Class A

    891,161        72,469,213   

Fidelity National Information Services, Inc.

    285,895        16,095,888   

Fiserv, Inc. (a) (b)

    348,580        22,530,468   

 

MSF-140


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

IT Services—(Continued)

  

International Business Machines Corp.

    332,048      $ 63,032,672   

Western Union Co. (The) (b)

    558,425        8,957,137   
   

 

 

 
      183,085,378   
   

 

 

 

Leisure Products—0.6%

  

Hasbro, Inc. (b)

    295,278        16,238,814   

Mattel, Inc. (b)

    159,527        4,889,502   
   

 

 

 
      21,128,316   
   

 

 

 

Life Sciences Tools & Services—1.0%

  

Thermo Fisher Scientific, Inc.

    267,685        32,577,265   
   

 

 

 

Machinery—1.5%

   

Illinois Tool Works, Inc.

    174,374        14,720,653   

Pentair plc

    212,895        13,942,494   

Stanley Black & Decker, Inc.

    244,585        21,716,702   
   

 

 

 
      50,379,849   
   

 

 

 

Media—4.8%

   

Comcast Corp. - Special Class A

    726,486        38,867,001   

Omnicom Group, Inc.

    543,667        37,436,910   

Time Warner, Inc.

    360,347        27,101,698   

Time, Inc. (a)

    38,805        909,201   

Viacom, Inc. - Class B

    325,220        25,022,427   

Walt Disney Co. (The)

    381,284        33,945,714   
   

 

 

 
      163,282,951   
   

 

 

 

Multiline Retail—1.7%

   

Kohl’s Corp. (b)

    154,534        9,431,210   

Target Corp.

    770,595        48,300,895   
   

 

 

 
      57,732,105   
   

 

 

 

Oil, Gas & Consumable Fuels—6.1%

   

Apache Corp.

    185,910        17,451,372   

Chevron Corp.

    465,959        55,598,228   

EOG Resources, Inc.

    137,342        13,599,605   

Exxon Mobil Corp.

    777,022        73,078,919   

Occidental Petroleum Corp.

    480,974        46,245,650   
   

 

 

 
      205,973,774   
   

 

 

 

Pharmaceuticals—8.4%

   

Johnson & Johnson

    1,206,578        128,609,149   

Merck & Co., Inc.

    608,094        36,047,812   

Novartis AG

    122,020        11,491,611   

Pfizer, Inc.

    3,285,004        97,137,568   

Roche Holding AG

    35,004        10,364,757   

Zoetis, Inc.

    29,148        1,077,019   
   

 

 

 
      284,727,916   
   

 

 

 

Real Estate Management & Development—0.2%

  

Canary Wharf Group plc (a) (c) (d)

    767,618      $ 5,666,375   
   

 

 

 

Road & Rail—0.8%

   

Canadian National Railway Co.

    363,068        25,763,305   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.8%

  

Texas Instruments, Inc.

    536,712        25,595,795   
   

 

 

 

Software—1.1%

  

Oracle Corp.

    988,701        37,847,474   
   

 

 

 

Specialty Retail—1.2%

  

Advance Auto Parts, Inc.

    152,972        19,932,252   

Bed Bath & Beyond, Inc. (a) (b)

    126,502        8,327,627   

Staples, Inc. (b)

    1,093,664        13,233,334   
   

 

 

 
      41,493,213   
   

 

 

 

Tobacco—5.4%

  

Altria Group, Inc. (b)

    402,689        18,499,533   

Imperial Tobacco Group plc

    163,646        7,039,394   

Lorillard, Inc.

    584,686        35,028,538   

Philip Morris International, Inc.

    1,461,472        121,886,765   
   

 

 

 
      182,454,230   
   

 

 

 

Wireless Telecommunication Services—0.6%

  

Vodafone Group plc

    5,799,890        19,118,333   
   

 

 

 

Total Common Stocks
(Cost $2,440,031,345)

      3,360,879,585   
   

 

 

 
Convertible Preferred Stock—0.1%   

Aerospace & Defense—0.1%

  

United Technologies Corp.
7.500%, 08/01/15 (b)
(Cost $2,885,058)

    55,377        3,261,152   
   

 

 

 
Short-Term Investments—3.0%   

Mutual Fund—2.6%

  

State Street Navigator Securities Lending MET Portfolio (e)

    89,709,087        89,709,087   
   

 

 

 

Commercial Paper—0.1%

  

HSBC Americas, Inc.
0.051%, 10/01/14 (f)

    3,718,000        3,718,000   
   

 

 

 

 

MSF-141


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.3%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $9,983,237 on 10/01/14, collateralized by $10,185,000 Federal National Mortgage Association at 0.000% due 01/26/15 with a value of $10,185,000.

    9,983,237      $ 9,983,237   
   

 

 

 

Total Short-Term Investments
(Cost $103,410,324)

      103,410,324   
   

 

 

 

Total Investments—102.5%
(Cost $2,546,326,727) (g)

      3,467,551,061   

Other assets and liabilities (net)—(2.5)%

      (85,673,269
   

 

 

 
Net Assets—100.0%     $ 3,381,877,792   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $91,133,257 and the collateral received consisted of cash in the amount of $89,709,087 and non-cash collateral with a value of $4,006,413. 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 is 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. As of September 30, 2014, these securities represent 0.2% of net assets.
(d) Illiquid security. As of September 30, 2014, these securities represent 0.2% of net assets.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) The rate shown represents current yield to maturity.
(g) As of September 30, 2014, the aggregate cost of investments was $2,546,326,727. The aggregate unrealized appreciation and depreciation of investments were $937,189,189 and $(15,964,855), respectively, resulting in net unrealized appreciation of $921,224,334.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 246,325,642       $ —         $ —         $ 246,325,642   

Air Freight & Logistics

     51,844,535         —           —           51,844,535   

Auto Components

     56,137,323         —           —           56,137,323   

Banks

     352,456,810         —           —           352,456,810   

Beverages

     19,695,002         48,160,158         —           67,855,160   

Capital Markets

     217,117,095         —           —           217,117,095   

Chemicals

     48,320,430         —           —           48,320,430   

Commercial Services & Supplies

     34,694,759         —           —           34,694,759   

Containers & Packaging

     15,553,908         —           —           15,553,908   

Diversified Financial Services

     39,507,718         —           —           39,507,718   

Diversified Telecommunication Services

     73,661,132         —           —           73,661,132   

Electric Utilities

     11,642,586         —           —           11,642,586   

 

MSF-142


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Electrical Equipment

   $ 28,494,827       $ —        $ —         $ 28,494,827   

Food & Staples Retailing

     65,312,430         —          —           65,312,430   

Food Products

     59,400,654         83,201,031        —           142,601,685   

Health Care Equipment & Supplies

     131,781,465         —          —           131,781,465   

Health Care Providers & Services

     34,777,370         —          —           34,777,370   

Hotels, Restaurants & Leisure

     34,367,582         —          —           34,367,582   

Household Products

     17,516,231         —          —           17,516,231   

Industrial Conglomerates

     110,641,213         —          —           110,641,213   

Insurance

     243,443,405         —          —           243,443,405   

IT Services

     183,085,378         —          —           183,085,378   

Leisure Products

     21,128,316         —          —           21,128,316   

Life Sciences Tools & Services

     32,577,265         —          —           32,577,265   

Machinery

     50,379,849         —          —           50,379,849   

Media

     163,282,951         —          —           163,282,951   

Multiline Retail

     57,732,105         —          —           57,732,105   

Oil, Gas & Consumable Fuels

     205,973,774         —          —           205,973,774   

Pharmaceuticals

     262,871,548         21,856,368        —           284,727,916   

Real Estate Management & Development

     —           —          5,666,375         5,666,375   

Road & Rail

     25,763,305         —          —           25,763,305   

Semiconductors & Semiconductor Equipment

     25,595,795         —          —           25,595,795   

Software

     37,847,474         —          —           37,847,474   

Specialty Retail

     41,493,213         —          —           41,493,213   

Tobacco

     175,414,836         7,039,394        —           182,454,230   

Wireless Telecommunication Services

     —           19,118,333        —           19,118,333   

Total Common Stocks

     3,175,837,926         179,375,284        5,666,375         3,360,879,585   

Total Convertible Preferred Stock*

     3,261,152         —          —           3,261,152   
Short-Term Investments           

Mutual Fund

     89,709,087         —          —           89,709,087   

Commercial Paper

     —           3,718,000        —           3,718,000   

Repurchase Agreement

     —           9,983,237        —           9,983,237   

Total Short-Term Investments

     89,709,087         13,701,237        —           103,410,324   

Total Investments

   $ 3,268,808,165       $ 193,076,521      $ 5,666,375       $ 3,467,551,061   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (89,709,087   $ —         $ (89,709,087

 

* See Schedule of Investments for additional detailed categorizations.

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

 

Investments in Securities

  Balance as of
December 31, 2013
    Change in
Unrealized
Appreciation/
(Depreciation)
    Balance as of
September 30, 2014
    Change in Unrealized
Appreciation/(Depreciation)
from Investments Still Held at
September 30, 2014
 
Common Stocks        

Real Estate Management & Development

  $ 3,967,141      $ 1,699,234      $ 5,666,375      $ 1,699,234   
 

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 3,967,141      $ 1,699,234      $ 5,666,375      $ 1,699,234   
 

 

 

   

 

 

   

 

 

   

 

 

 

 

MSF-143


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—93.2% of Net Assets

 

Security Description   Shares     Value  

Australia—7.0%

  

AGL Energy, Ltd.

    49,491      $ 585,854   

ALS, Ltd. (a)

    24,515        112,251   

Alumina, Ltd. (b)

    191,453        282,609   

Amcor, Ltd.

    83,008        823,539   

AMP, Ltd.

    206,717        984,074   

APA Group

    59,114        384,081   

Asciano, Ltd.

    62,601        330,099   

ASX, Ltd.

    16,055        502,603   

Aurizon Holdings, Ltd.

    157,842        624,549   

AusNet Services

    106,030        126,310   

Australia & New Zealand Banking Group, Ltd.

    192,726        5,204,529   

Bank of Queensland, Ltd.

    24,917        252,551   

Bendigo and Adelaide Bank, Ltd.

    35,779        371,815   

BHP Billiton, Ltd.

    224,864        6,612,489   

Boral, Ltd.

    61,162        264,660   

Brambles, Ltd.

    111,315        924,638   

Caltex Australia, Ltd.

    9,532        232,832   

CFS Retail Property Trust Group

    151,292        263,569   

Coca-Cola Amatil, Ltd.

    42,510        325,893   

Cochlear, Ltd. (a)

    3,466        210,518   

Commonwealth Bank of Australia

    112,859        7,406,644   

Computershare, Ltd.

    29,681        315,998   

Crown Resorts, Ltd.

    29,464        354,261   

CSL, Ltd.

    33,667        2,180,746   

Dexus Property Group (REIT)

    391,890        380,914   

Federation Centres, Ltd.

    91,872        207,521   

Flight Centre Travel Group, Ltd. (a)

    4,009        149,504   

Fortescue Metals Group, Ltd. (a)

    100,245        303,227   

Goodman Group (REIT)

    110,907        499,758   

GPT Group (REIT)

    121,517        410,620   

Iluka Resources, Ltd. (a)

    29,031        198,795   

Incitec Pivot, Ltd.

    103,981        245,402   

Insurance Australia Group, Ltd.

    161,780        866,918   

Leighton Holdings, Ltd.

    10,872        183,085   

Lend Lease Group

    37,629        472,545   

Macquarie Group, Ltd.

    19,737        992,378   

Metcash, Ltd. (a)

    63,044        144,554   

Mirvac Group (REIT)

    298,553        449,580   

National Australia Bank, Ltd.

    166,814        4,729,667   

Newcrest Mining, Ltd. (b)

    54,807        503,146   

Orica, Ltd. (a)

    26,176        430,865   

Origin Energy, Ltd.

    78,717        1,027,563   

QBE Insurance Group, Ltd.

    94,414        961,018   

Ramsay Health Care, Ltd.

    8,883        388,100   

REA Group, Ltd.

    3,716        139,868   

Rio Tinto, Ltd.

    31,918        1,657,803   

Santos, Ltd.

    67,710        807,331   

Scentre Group (b)

    398,014        1,139,119   

Seek, Ltd.

    22,233        313,612   

Sonic Healthcare, Ltd.

    24,290        372,107   

Stockland (REIT)

    161,293        556,551   

Suncorp Group, Ltd.

    87,148        1,067,614   

Sydney Airport

    80,467        299,746   

TABCORP Holdings, Ltd.

    43,902        138,469   

Tatts Group, Ltd.

    123,533        340,644   

Telstra Corp., Ltd.

    304,819        1,409,387   

Toll Holdings, Ltd.

    41,980        206,407   

Australia—(Continued)

  

Transurban Group

    123,298      831,254   

Treasury Wine Estates, Ltd.

    46,412        171,953   

Wesfarmers, Ltd.

    80,122        2,945,657   

Westfield Corp. (REIT)

    143,754        934,442   

Westpac Banking Corp.

    217,703        6,095,505   

Woodside Petroleum, Ltd.

    52,037        1,844,052   

Woolworths, Ltd.

    86,535        2,585,601   

WorleyParsons, Ltd.

    14,841        198,317   
   

 

 

 
      67,277,711   
   

 

 

 

Austria—0.2%

  

Andritz AG

    5,184        276,416   

Erste Group Bank AG

    19,605        446,975   

IMMOFINANZ AG (b)

    66,338        187,598   

OMV AG

    10,147        341,398   

Raiffeisen Bank International AG

    8,207        177,433   

Vienna Insurance Group AG Wiener Versicherung Gruppe

    2,911        131,162   

Voestalpine AG

    7,466        295,125   
   

 

 

 
      1,856,107   
   

 

 

 

Belgium—1.2%

  

Ageas

    15,573        517,113   

Anheuser-Busch InBev NV

    56,418        6,259,408   

Belgacom S.A. (a)

    10,680        371,728   

Colruyt S.A. (a)

    5,430        239,219   

Delhaize Group S.A. (a)

    6,756        469,138   

Groupe Bruxelles Lambert S.A.

    5,072        463,831   

KBC Groep NV (b)

    16,494        870,856   

Solvay S.A.

    4,588        703,484   

Telenet Group Holding NV (b)

    4,184        240,408   

UCB S.A.

    8,852        803,575   

Umicore S.A. (a)

    8,519        371,959   
   

 

 

 
      11,310,719   
   

 

 

 

Denmark—1.5%

  

AP Moeller - Maersk A/S - Class A

    274        630,035   

AP Moeller - Maersk A/S - Class B

    504        1,194,369   

Carlsberg A/S - Class B

    7,997        709,539   

Coloplast A/S - Class B

    8,608        720,474   

Danske Bank A/S

    44,352        1,202,146   

DSV A/S

    13,261        372,600   

Novo Nordisk A/S - Class B

    141,370        6,737,024   

Novozymes A/S - B Shares

    16,065        695,710   

Pandora A/S

    8,100        633,582   

TDC A/S

    59,338        449,317   

Tryg A/S

    1,747        181,184   

Vestas Wind Systems A/S (b)

    15,700        609,613   
   

 

 

 
      14,135,593   
   

 

 

 

Finland—0.8%

  

Elisa Oyj

    9,437        249,794   

Fortum Oyj (a)

    31,487        765,468   

Kone Oyj - Class B (a)

    21,608        867,226   

Metso Oyj

    7,511        266,858   

 

MSF-144


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

  

Neste Oil Oyj

    9,073      $ 186,766   

Nokia Oyj

    264,520        2,249,988   

Nokian Renkaat Oyj (a)

    7,322        220,152   

Orion Oyj - Class B

    6,402        249,708   

Sampo Oyj - A Shares

    31,280        1,515,278   

Stora Enso Oyj - R Shares

    40,497        335,297   

UPM-Kymmene Oyj

    38,111        540,723   

Wartsila Oyj Abp

    9,889        442,462   
   

 

 

 
      7,889,720   
   

 

 

 

France—8.9%

  

Accor S.A.

    12,668        559,282   

Aeroports de Paris

    2,209        264,084   

Air Liquide S.A.

    24,152        2,936,812   

Alcatel-Lucent (a) (b)

    192,359        594,155   

Alstom S.A. (b)

    14,355        490,332   

Arkema S.A.

    4,440        295,697   

AtoS

    6,339        459,279   

AXA S.A.

    125,595        3,093,521   

BNP Paribas S.A.

    74,274        4,912,400   

Bollore S.A.

    381        215,928   

Bouygues S.A.

    12,810        412,491   

Bureau Veritas S.A.

    15,060        332,108   

Cap Gemini S.A.

    9,755        698,785   

Carrefour S.A.

    42,840        1,320,136   

Casino Guichard Perrachon S.A.

    4,364        469,045   

Christian Dior S.A.

    3,598        601,763   

Cie de St-Gobain

    31,168        1,419,843   

Cie Generale des Etablissements Michelin

    12,929        1,215,965   

CNP Assurances

    10,520        198,092   

Credit Agricole S.A.

    71,301        1,071,472   

Danone S.A.

    39,651        2,647,524   

Dassault Systemes S.A.

    8,154        521,966   

Edenred

    13,868        341,775   

Electricite de France S.A.

    17,389        570,382   

Essilor International S.A.

    13,981        1,528,676   

Eurazeo S.A.

    2,249        161,847   

Eutelsat Communications S.A.

    10,813        348,709   

Fonciere Des Regions (REIT)

    1,625        146,207   

GDF Suez

    101,594        2,541,339   

Gecina S.A.

    1,986        259,869   

Groupe Eurotunnel S.A.

    32,808        399,737   

ICADE (REIT)

    3,450        290,883   

Iliad S.A.

    1,838        385,899   

Imerys S.A.

    2,253        165,761   

JCDecaux S.A.

    4,706        148,525   

Kering

    5,248        1,056,332   

Klepierre (REIT)

    6,803        297,632   

L’Oreal S.A.

    17,599        2,787,663   

Lafarge S.A.

    13,327        956,927   

Lagardere SCA

    8,303        221,653   

Legrand S.A.

    18,368        952,837   

LVMH Moet Hennessy Louis Vuitton S.A.

    19,595        3,176,869   

Natixis

    61,277        421,529   

Orange S.A.

    128,590        1,926,734   

Pernod-Ricard S.A.

    14,719        1,663,894   

France—(Continued)

  

Peugeot S.A. (b)

    27,000      345,104   

Publicis Groupe S.A.

    12,590        863,486   

Remy Cointreau S.A. (a)

    1,600        115,197   

Renault S.A.

    14,233        1,027,499   

Rexel S.A.

    20,012        372,294   

Safran S.A.

    18,407        1,191,961   

Sanofi

    83,607        9,433,629   

Schneider Electric SE

    37,978        2,904,546   

SCOR SE

    11,686        364,632   

SES S.A.

    20,693        715,450   

Societe BIC S.A.

    1,753        225,544   

Societe Generale S.A.

    50,295        2,556,832   

Sodexo

    6,625        646,730   

Suez Environnement Co.

    22,682        382,062   

Technip S.A.

    6,959        583,999   

Thales S.A.

    6,811        362,728   

Total S.A.

    149,672        9,674,524   

Unibail-Rodamco SE

    6,973        1,790,977   

Valeo S.A.

    5,216        578,628   

Vallourec S.A.

    8,091        371,261   

Veolia Environnement S.A.

    28,889        507,122   

Vinci S.A.

    33,661        1,949,272   

Vivendi S.A. (b)

    84,323        2,032,478   

Wendel S.A.

    2,267        256,297   

Zodiac Aerospace

    12,210        389,423   
   

 

 

 
      85,124,034   
   

 

 

 

Germany—7.7%

  

Adidas AG

    15,290        1,143,849   

Allianz SE

    32,357        5,242,830   

Axel Springer SE (a)

    3,006        165,254   

BASF SE

    64,285        5,897,171   

Bayer AG

    57,877        8,107,150   

Bayerische Motoren Werke (BMW) AG

    22,977        2,467,355   

Beiersdorf AG

    6,805        568,478   

Brenntag AG

    10,032        492,632   

Commerzbank AG (b)

    66,178        985,787   

Continental AG

    7,824        1,487,880   

Daimler AG

    68,149        5,227,806   

Deutsche Bank AG

    95,515        3,350,786   

Deutsche Boerse AG

    12,868        868,902   

Deutsche Lufthansa AG

    17,782        280,867   

Deutsche Post AG

    67,940        2,173,077   

Deutsche Telekom AG

    218,801        3,305,597   

Deutsche Wohnen AG

    20,600        440,283   

E.ON SE

    140,547        2,573,282   

Fraport AG Frankfurt Airport Services Worldwide (a)

    2,305        151,502   

Fresenius Medical Care AG & Co. KGaA

    14,375        1,003,855   

Fresenius SE & Co. KGaA

    26,601        1,316,474   

GEA Group AG

    12,718        553,039   

Hannover Rueck SE

    3,778        305,353   

HeidelbergCement AG

    10,797        713,544   

Henkel AG & Co. KGaA

    8,633        806,979   

Hugo Boss AG

    2,160        269,900   

Infineon Technologies AG

    79,317        821,008   

 

MSF-145


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

  

K&S AG

    11,843      $ 336,606   

Kabel Deutschland Holding AG

    1,650        224,171   

Lanxess AG

    7,402        409,306   

Linde AG

    13,162        2,529,618   

MAN SE

    3,022        339,926   

Merck KGaA

    8,518        785,140   

Metro AG (b)

    11,432        376,604   

Muenchener Rueckversicherungs AG

    12,534        2,481,299   

OSRAM Licht AG (b)

    5,409        201,289   

ProSiebenSat.1 Media AG

    15,354        611,236   

RTL Group S.A. (b)

    2,700        231,289   

RWE AG

    34,949        1,364,005   

SAP SE

    63,987        4,614,864   

Siemens AG

    55,495        6,615,296   

Sky Deutschland AG (b)

    30,300        257,417   

Telefonica Deutschland Holding AG (a) (b)

    38,600        201,870   

ThyssenKrupp AG (b)

    31,754        833,930   

United Internet AG

    8,781        373,466   

Volkswagen AG

    1,873        388,680   
   

 

 

 
      73,896,652   
   

 

 

 

Hong Kong—2.8%

  

AIA Group, Ltd.

    843,400        4,352,622   

ASM Pacific Technology, Ltd. (a)

    14,200        140,638   

Bank of East Asia, Ltd.

    103,920        422,524   

BOC Hong Kong Holdings, Ltd.

    253,965        810,273   

Cathay Pacific Airways, Ltd.

    87,000        160,469   

Cheung Kong Holdings, Ltd.

    97,000        1,590,646   

Cheung Kong Infrastructure Holdings, Ltd.

    43,000        302,223   

CLP Holdings, Ltd.

    132,877        1,064,737   

First Pacific Co., Ltd.

    173,250        179,122   

Galaxy Entertainment Group, Ltd.

    163,000        942,505   

Global Brands Group Holding, Ltd. (b)

    429,600        94,988   

Hang Lung Properties, Ltd.

    161,000        456,372   

Hang Seng Bank, Ltd.

    53,200        855,227   

Henderson Land Development Co., Ltd.

    81,070        525,284   

HKT Trust / HKT, Ltd.

    189,980        229,458   

Hong Kong & China Gas Co., Ltd.

    442,163        957,671   

Hong Kong Exchanges and Clearing, Ltd.

    76,000        1,639,590   

Hutchison Whampoa, Ltd.

    149,000        1,800,789   

Hysan Development Co., Ltd.

    45,000        208,172   

Kerry Properties, Ltd.

    46,500        155,789   

Li & Fung, Ltd.

    429,600        487,233   

Link REIT (The)

    161,141        929,807   

MGM China Holdings, Ltd.

    71,200        204,163   

MTR Corp., Ltd.

    95,000        372,600   

New World Development Co., Ltd.

    348,707        406,485   

Noble Group, Ltd.

    305,909        310,971   

NWS Holdings, Ltd.

    93,000        167,311   

PCCW, Ltd.

    281,000        177,027   

Power Assets Holdings, Ltd.

    99,549        881,737   

Sands China, Ltd.

    165,200        858,175   

Shangri-La Asia, Ltd.

    109,540        161,857   

Sino Land Co., Ltd.

    193,600        301,179   

SJM Holdings, Ltd.

    141,000        269,147   

Sun Hung Kai Properties, Ltd.

    111,000        1,570,478   

Swire Pacific, Ltd. - Class A

    43,317        559,181   

Hong Kong—(Continued)

  

Swire Properties, Ltd.

    83,600      261,350   

Techtronic Industries Co.

    96,000        277,202   

Wharf Holdings, Ltd.

    104,976        747,338   

Wheelock & Co., Ltd.

    68,000        324,356   

Wynn Macau, Ltd. (a)

    104,000        331,152   

Yue Yuen Industrial Holdings, Ltd.

    50,500        153,938   
   

 

 

 
      26,641,786   
   

 

 

 

Ireland—0.8%

  

Bank of Ireland (b)

    2,013,826        789,014   

CRH plc

    51,353        1,167,326   

Experian plc

    72,050        1,144,470   

James Hardie Industries plc

    30,172        316,262   

Kerry Group plc - Class A

    11,180        788,488   

Shire plc

    41,131        3,554,943   
   

 

 

 
      7,760,503   
   

 

 

 

Israel—0.5%

  

Bank Hapoalim B.M.

    72,497        408,523   

Bank Leumi Le-Israel B.M. (b)

    101,093        409,416   

Bezeq The Israeli Telecommunication Corp., Ltd.

    178,026        307,328   

Israel Chemicals, Ltd.

    45,583        327,722   

NICE Systems, Ltd.

    5,213        212,029   

Teva Pharmaceutical Industries, Ltd.

    60,000        3,225,770   
   

 

 

 
      4,890,788   
   

 

 

 

Italy—2.2%

  

Assicurazioni Generali S.p.A.

    82,143        1,724,335   

Atlantia S.p.A.

    28,975        713,027   

Banca Monte dei Paschi di Siena S.p.A. (b)

    305,070        399,981   

Banco Popolare SC (b)

    24,000        348,547   

Enel Green Power S.p.A.

    152,537        390,223   

Enel S.p.A.

    474,939        2,506,263   

ENI S.p.A.

    176,421        4,188,934   

Exor S.p.A. (a)

    6,830        264,024   

Fiat S.p.A. (a) (b)

    59,813        576,914   

Finmeccanica S.p.A. (b)

    28,782        279,981   

Intesa Sanpaolo S.p.A.

    815,086        2,465,746   

Intesa Sanpaolo S.p.A. - Risparmio Shares

    65,400        174,823   

Luxottica Group S.p.A.

    11,742        610,216   

Mediobanca S.p.A. (b)

    44,816        382,275   

Pirelli & C S.p.A.

    17,048        235,404   

Prysmian S.p.A.

    13,126        242,299   

Saipem S.p.A. (b)

    18,391        389,384   

Snam S.p.A.

    138,413        763,116   

Telecom Italia S.p.A. (b)

    668,281        763,595   

Telecom Italia S.p.A. - Risparmio Shares

    501,246        444,307   

Terna Rete Elettrica Nazionale S.p.A.

    118,746        595,274   

UniCredit S.p.A.

    304,412        2,384,231   

Unione di Banche Italiane SCPA

    56,320        469,496   

UnipolSai S.p.A.

    64,500        181,356   
   

 

 

 
      21,493,751   
   

 

 

 

Japan—19.7%

  

Aeon Co., Ltd.

    51,500        513,697   

 

MSF-146


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

AEON Financial Service Co., Ltd. (a)

    8,400      $ 180,418   

Aeon Mall Co., Ltd.

    6,800        129,947   

Air Water, Inc.

    10,000        148,879   

Aisin Seiki Co., Ltd.

    13,000        467,805   

Ajinomoto Co., Inc.

    44,000        732,656   

Alfresa Holdings Corp. (a)

    12,000        173,083   

Amada Co., Ltd.

    27,000        257,963   

ANA Holdings, Inc.

    84,000        195,451   

Aozora Bank, Ltd.

    77,000        260,055   

Asahi Glass Co., Ltd.

    72,000        390,567   

Asahi Group Holdings, Ltd.

    26,300        761,216   

Asahi Kasei Corp.

    97,000        788,033   

Asics Corp.

    11,000        247,869   

Astellas Pharma, Inc.

    150,000        2,235,136   

Bandai Namco Holdings, Inc.

    12,500        320,252   

Bank of Kyoto, Ltd. (The)

    22,000        182,859   

Bank of Yokohama, Ltd. (The)

    83,000        456,803   

Benesse Holdings, Inc. (a)

    5,000        164,155   

Bridgestone Corp.

    47,200        1,562,089   

Brother Industries, Ltd.

    16,400        303,683   

Calbee, Inc.

    5,500        180,145   

Canon, Inc.

    78,400        2,549,294   

Casio Computer Co., Ltd.

    16,900        281,969   

Central Japan Railway Co.

    10,400        1,401,226   

Chiba Bank, Ltd. (The)

    49,000        341,165   

Chubu Electric Power Co., Inc. (b)

    47,800        548,913   

Chugai Pharmaceutical Co., Ltd.

    15,100        436,326   

Chugoku Bank, Ltd. (The)

    12,000        176,345   

Chugoku Electric Power Co., Inc. (The)

    23,700        304,304   

Citizen Holdings Co., Ltd.

    19,800        129,897   

Credit Saison Co., Ltd.

    10,500        202,603   

Dai Nippon Printing Co., Ltd.

    40,000        401,305   

Dai-ichi Life Insurance Co., Ltd. (The)

    72,500        1,076,973   

Daicel Corp.

    22,000        236,497   

Daihatsu Motor Co., Ltd. (a)

    14,000        221,582   

Daiichi Sankyo Co., Ltd.

    45,200        709,563   

Daikin Industries, Ltd.

    16,800        1,042,391   

Daito Trust Construction Co., Ltd.

    5,000        590,816   

Daiwa House Industry Co., Ltd. (a)

    41,000        736,198   

Daiwa Securities Group, Inc.

    126,000        998,976   

Denso Corp.

    33,900        1,563,914   

Dentsu, Inc.

    15,200        579,200   

Don Quijote Holdings Co., Ltd.

    4,100        235,289   

East Japan Railway Co.

    24,700        1,852,173   

Eisai Co., Ltd. (a)

    18,200        736,280   

Electric Power Development Co., Ltd.

    8,800        286,913   

FamilyMart Co., Ltd. (a)

    4,300        164,191   

FANUC Corp.

    13,900        2,509,672   

Fast Retailing Co., Ltd.

    3,700        1,239,671   

Fuji Electric Co., Ltd.

    43,000        208,371   

Fuji Heavy Industries, Ltd.

    42,000        1,390,126   

FUJIFILM Holdings Corp.

    32,600        997,819   

Fujitsu, Ltd.

    135,000        831,558   

Fukuoka Financial Group, Inc.

    53,000        252,913   

GungHo Online Entertainment, Inc. (a)

    25,400        121,265   

Gunma Bank, Ltd. (The)

    26,000        149,921   

Hachijuni Bank, Ltd. (The)

    30,000        180,372   

Japan—(Continued)

  

Hakuhodo DY Holdings, Inc. (a)

    17,600      178,225   

Hamamatsu Photonics KK

    4,800        228,546   

Hankyu Hanshin Holdings, Inc.

    83,000        482,635   

Hino Motors, Ltd.

    19,000        266,006   

Hirose Electric Co., Ltd. (a)

    2,200        271,753   

Hiroshima Bank, Ltd. (The)

    38,000        186,423   

Hisamitsu Pharmaceutical Co., Inc.

    4,700        168,936   

Hitachi Construction Machinery Co., Ltd. (a)

    6,400        128,950   

Hitachi Metals, Ltd.

    13,000        233,739   

Hitachi, Ltd.

    337,000        2,564,359   

Hokuhoku Financial Group, Inc.

    85,000        166,385   

Hokuriku Electric Power Co.

    12,000        157,751   

Honda Motor Co., Ltd.

    113,300        3,929,090   

Hoya Corp.

    30,100        1,011,468   

Hulic Co., Ltd.

    18,600        196,861   

Ibiden Co., Ltd.

    8,300        161,778   

Idemitsu Kosan Co., Ltd.

    6,600        140,155   

IHI Corp.

    99,000        513,227   

Iida Group Holdings Co., Ltd.

    9,100        111,405   

Inpex Corp.

    63,200        894,566   

Isetan Mitsukoshi Holdings, Ltd.

    22,600        294,468   

Isuzu Motors, Ltd.

    42,000        594,023   

ITOCHU Corp.

    106,000        1,295,970   

Iyo Bank, Ltd. (The)

    17,000        172,181   

J Front Retailing Co., Ltd.

    15,000        196,394   

Japan Airlines Co., Ltd.

    8,400        229,845   

Japan Exchange Group, Inc.

    18,500        439,559   

Japan Prime Realty Investment Corp.

    49        176,486   

Japan Real Estate Investment Corp. (REIT)

    80        411,439   

Japan Retail Fund Investment Corp. (REIT)

    202        406,601   

Japan Tobacco, Inc.

    78,400        2,551,473   

JFE Holdings, Inc.

    35,500        708,971   

JGC Corp.

    14,000        382,364   

Joyo Bank, Ltd. (The) (a)

    54,000        265,266   

JSR Corp. (a)

    11,300        197,226   

JTEKT Corp.

    20,000        334,881   

JX Holdings, Inc. (a)

    163,100        752,025   

Kajima Corp. (a)

    59,000        282,560   

Kakaku.com, Inc.

    11,000        156,321   

Kamigumi Co., Ltd.

    17,000        161,258   

Kansai Electric Power Co., Inc. (The) (b)

    55,000        520,957   

Kansai Paint Co., Ltd.

    15,000        224,149   

Kao Corp.

    36,500        1,423,424   

Kawasaki Heavy Industries, Ltd.

    96,000        383,697   

KDDI Corp.

    41,100        2,472,692   

Keikyu Corp. (a)

    36,000        300,787   

Keio Corp.

    45,000        332,918   

Keisei Electric Railway Co., Ltd.

    20,000        200,339   

Keyence Corp.

    3,300        1,435,331   

Kikkoman Corp.

    12,000        255,179   

Kintetsu Corp.

    121,120        407,613   

Kirin Holdings Co., Ltd.

    62,000        823,889   

Kobe Steel, Ltd.

    272,000        441,743   

Koito Manufacturing Co., Ltd.

    7,000        190,288   

Komatsu, Ltd.

    63,800        1,476,494   

Konami Corp. (a)

    8,300        173,107   

Konica Minolta, Inc.

    37,000        400,797   

 

MSF-147


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Kubota Corp.

    80,000      $ 1,260,682   

Kuraray Co., Ltd.

    24,500        287,462   

Kurita Water Industries, Ltd.

    7,100        158,268   

Kyocera Corp.

    22,200        1,035,447   

Kyowa Hakko Kirin Co., Ltd.

    20,000        245,466   

Kyushu Electric Power Co., Inc. (a) (b)

    28,400        306,216   

Lawson, Inc. (a)

    4,900        342,854   

LIXIL Group Corp. (a)

    18,800        401,916   

M3, Inc.

    10,600        170,205   

Mabuchi Motor Co., Ltd.

    1,800        157,231   

Makita Corp.

    9,500        537,458   

Marubeni Corp.

    113,000        773,934   

Marui Group Co., Ltd.

    16,000        131,840   

Mazda Motor Corp.

    41,400        1,038,960   

MEIJI Holdings Co., Ltd. (a)

    5,100        404,036   

Miraca Holdings, Inc. (a)

    4,000        165,478   

Mitsubishi Chemical Holdings Corp.

    95,500        470,152   

Mitsubishi Corp.

    101,300        2,075,847   

Mitsubishi Electric Corp.

    136,000        1,812,870   

Mitsubishi Estate Co., Ltd.

    88,000        1,982,130   

Mitsubishi Gas Chemical Co., Inc. (a)

    26,000        165,797   

Mitsubishi Heavy Industries, Ltd.

    225,000        1,448,740   

Mitsubishi Materials Corp.

    79,000        256,562   

Mitsubishi Motors Corp.

    44,999        546,525   

Mitsubishi Tanabe Pharma Corp.

    15,000        220,141   

Mitsubishi UFJ Financial Group, Inc.

    907,188        5,134,231   

Mitsubishi UFJ Lease & Finance Co., Ltd.

    41,500        217,021   

Mitsui & Co., Ltd.

    117,717        1,857,201   

Mitsui Chemicals, Inc. (a) (b)

    57,000        158,630   

Mitsui Fudosan Co., Ltd.

    66,000        2,023,556   

Mitsui OSK Lines, Ltd. (a)

    75,000        239,488   

Mizuho Financial Group, Inc.

    1,614,600        2,885,117   

MS&AD Insurance Group Holdings

    34,300        749,056   

Murata Manufacturing Co., Ltd.

    14,100        1,604,361   

Nabtesco Corp.

    7,000        167,926   

Nagoya Railroad Co., Ltd. (a)

    62,000        248,790   

NEC Corp.

    185,000        639,975   

NGK Insulators, Ltd.

    17,000        405,825   

NGK Spark Plug Co., Ltd.

    12,000        353,734   

NH Foods, Ltd.

    14,000        297,583   

Nidec Corp.

    14,400        974,810   

Nikon Corp. (a)

    23,100        334,069   

Nintendo Co., Ltd.

    7,500        816,148   

Nippon Building Fund, Inc. (REIT)

    94        494,981   

Nippon Electric Glass Co., Ltd.

    30,000        146,209   

Nippon Express Co., Ltd.

    59,000        247,423   

Nippon Paint Co., Ltd. (a)

    13,000        292,829   

Nippon Prologis REIT, Inc.

    85        197,348   

Nippon Steel Sumitomo Metal Corp.

    530,000        1,376,536   

Nippon Telegraph & Telephone Corp.

    26,100        1,624,070   

Nippon Yusen KK

    142,000        374,726   

Nissan Motor Co., Ltd.

    174,800        1,705,202   

Nisshin Seifun Group, Inc.

    15,730        155,036   

Nissin Foods Holdings Co., Ltd.

    4,700        243,949   

Nitori Holdings Co., Ltd.

    5,300        328,291   

Nitto Denko Corp.

    10,200        559,837   

NOK Corp.

    7,100        163,046   

Japan—(Continued)

  

Nomura Holdings, Inc.

    253,100      1,501,617   

Nomura Real Estate Holdings, Inc.

    13,100        225,177   

Nomura Research Institute, Ltd.

    8,200        265,389   

NSK, Ltd.

    30,000        427,581   

NTT Data Corp.

    10,776        386,604   

NTT DoCoMo, Inc. (a)

    106,500        1,778,361   

Obayashi Corp. (a)

    45,000        308,354   

Odakyu Electric Railway Co., Ltd. (a)

    44,000        402,553   

OJI Holdings Corp.

    68,000        257,458   

Olympus Corp. (b)

    16,000        574,845   

Omron Corp.

    13,600        618,250   

Ono Pharmaceutical Co., Ltd.

    6,400        569,061   

Oriental Land Co., Ltd.

    3,400        643,379   

ORIX Corp.

    96,000        1,325,547   

Osaka Gas Co., Ltd.

    127,000        509,084   

Otsuka Corp.

    3,600        143,154   

Otsuka Holdings Co., Ltd.

    26,000        896,564   

Panasonic Corp.

    154,900        1,843,764   

Rakuten, Inc.

    56,700        654,673   

Resona Holdings, Inc.

    156,800        884,773   

Ricoh Co., Ltd.

    51,000        548,271   

Rinnai Corp.

    2,800        231,949   

Rohm Co., Ltd.

    6,700        421,926   

Sankyo Co., Ltd. (a)

    3,700        132,632   

Santen Pharmaceutical Co., Ltd.

    5,500        308,020   

SBI Holdings, Inc.

    19,011        213,102   

Secom Co., Ltd.

    15,800        941,875   

Sega Sammy Holdings, Inc.

    13,300        214,134   

Seibu Holdings, Inc. (a)

    9,000        179,304   

Seiko Epson Corp.

    10,000        480,820   

Sekisui Chemical Co., Ltd.

    28,000        321,809   

Sekisui House, Ltd.

    36,000        425,041   

Seven & I Holdings Co., Ltd.

    53,100        2,061,134   

Seven Bank, Ltd.

    43,000        175,338   

Sharp Corp. (a) (b)

    103,000        293,318   

Shikoku Electric Power Co., Inc. (b)

    15,100        193,076   

Shimadzu Corp.

    17,000        147,220   

Shimamura Co., Ltd.

    1,400        128,736   

Shimano, Inc.

    5,600        681,410   

Shimizu Corp. (a)

    37,000        292,007   

Shin-Etsu Chemical Co., Ltd.

    30,100        1,968,694   

Shinsei Bank, Ltd.

    100,000        214,437   

Shionogi & Co., Ltd.

    19,400        445,337   

Shiseido Co., Ltd. (a)

    29,300        483,912   

Shizuoka Bank, Ltd. (The)

    41,000        422,355   

Showa Shell Sekiyu KK

    14,000        133,180   

SMC Corp.

    3,700        1,021,586   

SoftBank Corp.

    66,800        4,688,291   

Sompo Japan Nipponkoa Holdings, Inc.

    22,699        551,416   

Sony Corp.

    71,100        1,280,950   

Sony Financial Holdings, Inc.

    12,800        207,191   

Stanley Electric Co., Ltd.

    11,800        255,396   

Sumitomo Chemical Co., Ltd.

    109,000        388,823   

Sumitomo Corp. (a)

    81,000        894,433   

Sumitomo Dainippon Pharma Co., Ltd. (a)

    11,900        151,656   

Sumitomo Electric Industries, Ltd.

    56,334        833,177   

Sumitomo Heavy Industries, Ltd.

    39,000        219,615   

 

MSF-148


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Sumitomo Metal Mining Co., Ltd.

    40,000      $ 563,793   

Sumitomo Mitsui Financial Group, Inc.

    88,500        3,610,818   

Sumitomo Mitsui Trust Holdings, Inc.

    232,262        967,586   

Sumitomo Realty & Development Co., Ltd.

    25,000        890,442   

Sumitomo Rubber Industries, Ltd.

    12,500        177,473   

Suntory Beverage & Food, Ltd.

    8,400        298,041   

Suruga Bank, Ltd.

    13,000        259,255   

Suzuken Co., Ltd.

    5,300        152,785   

Suzuki Motor Corp.

    26,200        869,235   

Sysmex Corp.

    12,400        498,438   

T&D Holdings, Inc.

    38,800        498,794   

Taiheiyo Cement Corp. (a)

    82,000        308,058   

Taisei Corp. (a)

    69,000        389,651   

Taisho Pharmaceutical Holdings Co., Ltd.

    3,000        205,537   

Taiyo Nippon Sanso Corp. (a)

    18,000        158,759   

Takashimaya Co., Ltd.

    19,000        158,950   

Takeda Pharmaceutical Co., Ltd.

    56,900        2,474,530   

TDK Corp.

    8,400        469,293   

Teijin, Ltd.

    66,000        159,500   

Terumo Corp.

    21,600        518,168   

THK Co., Ltd.

    7,700        191,848   

Tobu Railway Co., Ltd.

    73,000        367,571   

Toho Co., Ltd.

    8,500        192,297   

Toho Gas Co., Ltd. (a)

    31,000        174,975   

Tohoku Electric Power Co., Inc.

    29,800        338,790   

Tokio Marine Holdings, Inc.

    49,400        1,533,784   

Tokyo Electric Power Co., Inc. (b)

    97,600        341,905   

Tokyo Electron, Ltd.

    12,400        805,773   

Tokyo Gas Co., Ltd.

    170,000        956,049   

Tokyo Tatemono Co., Ltd.

    29,000        234,793   

Tokyu Corp.

    76,000        498,485   

Tokyu Fudosan Holdings Corp.

    37,000        253,860   

TonenGeneral Sekiyu KK

    18,000        157,411   

Toppan Printing Co., Ltd. (a)

    41,000        294,835   

Toray Industries, Inc.

    111,000        734,111   

Toshiba Corp.

    283,000        1,312,228   

TOTO, Ltd.

    19,000        209,055   

Toyo Seikan Group Holdings, Ltd.

    10,200        126,524   

Toyo Suisan Kaisha, Ltd.

    6,000        199,204   

Toyota Industries Corp.

    12,600        609,304   

Toyota Motor Corp.

    193,200        11,351,705   

Toyota Tsusho Corp.

    14,200        346,271   

Trend Micro, Inc.

    7,000        236,951   

Unicharm Corp.

    26,700        607,534   

United Urban Investment Corp.

    167        256,264   

USS Co., Ltd.

    16,600        254,883   

West Japan Railway Co.

    11,700        522,712   

Yahoo Japan Corp. (a)

    101,500        386,243   

Yakult Honsha Co., Ltd. (a)

    6,300        331,095   

Yamada Denki Co., Ltd. (a)

    55,900        163,180   

Yamaguchi Financial Group, Inc.

    15,000        141,772   

Yamaha Corp.

    11,000        143,841   

Yamaha Motor Co., Ltd.

    17,800        348,504   

Yamato Holdings Co., Ltd. (a)

    27,000        502,829   

Yaskawa Electric Corp. (a)

    18,000        243,957   

Yokogawa Electric Corp. (a)

    16,300        214,924   
   

 

 

 
      189,199,278   
   

 

 

 

Luxembourg—0.2%

  

Altice S.A. (b)

    6,070      321,200   

ArcelorMittal

    75,087        1,030,770   

Tenaris S.A.

    32,705        745,637   
   

 

 

 
      2,097,607   
   

 

 

 

Netherlands—2.4%

  

Aegon NV

    126,769        1,043,793   

Airbus Group NV

    40,799        2,561,358   

Akzo Nobel NV

    16,759        1,141,882   

ASML Holding NV

    24,785        2,460,332   

CNH Industrial NV

    61,911        492,469   

Corio NV

    4,074        199,455   

Delta Lloyd NV

    13,897        333,687   

Fugro NV

    4,445        134,446   

Gemalto NV (a)

    5,659        518,626   

Heineken Holding NV

    6,283        415,037   

Heineken NV

    16,408        1,225,596   

ING Groep NV (b)

    268,652        3,821,853   

Koninklijke Ahold NV

    66,939        1,082,648   

Koninklijke Boskalis Westminster NV

    6,001        335,801   

Koninklijke DSM NV

    12,095        745,199   

Koninklijke KPN NV (b)

    230,706        736,600   

Koninklijke Philips NV

    68,097        2,168,290   

Koninklijke Vopak NV (a)

    4,391        236,461   

OCI (a) (b)

    6,200        191,073   

QIAGEN NV (b)

    14,898        339,149   

Randstad Holding NV

    9,402        436,669   

Reed Elsevier NV

    48,042        1,088,778   

STMicroelectronics NV

    44,693        343,797   

TNT Express NV

    37,717        237,343   

Wolters Kluwer NV

    20,745        552,639   

Ziggo NV (b)

    11,596        541,474   
   

 

 

 
      23,384,455   
   

 

 

 

New Zealand—0.1%

  

Auckland International Airport, Ltd.

    99,212        297,479   

Fletcher Building, Ltd.

    56,031        382,144   

Ryman Healthcare, Ltd.

    29,900        181,926   

Spark New Zealand, Ltd.

    137,816        319,165   
   

 

 

 
      1,180,714   
   

 

 

 

Norway—0.8%

  

Akastor ASA

    11,775        47,338   

Aker Solutions ASA (b)

    11,775        117,333   

DNB ASA

    66,404        1,242,257   

Gjensidige Forsikring ASA

    14,357        303,572   

Norsk Hydro ASA

    92,923        517,877   

Orkla ASA

    54,230        490,892   

Seadrill, Ltd. (a)

    27,606        737,220   

Statoil ASA

    78,090        2,125,323   

Subsea 7 S.A.

    18,500        263,948   

Telenor ASA

    53,216        1,168,101   

Yara International ASA

    12,261        614,863   
   

 

 

 
      7,628,724   
   

 

 

 

 

MSF-149


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Portugal—0.2%

  

Banco Comercial Portugues S.A. - Class R (b)

    2,472,000      $ 318,817   

Banco Espirito Santo S.A. (b) (c)

    199,038        0   

EDP - Energias de Portugal S.A.

    162,515        707,149   

Galp Energia SGPS S.A.

    31,688        514,167   

Jeronimo Martins SGPS S.A.

    16,641        182,679   
   

 

 

 
      1,722,812   
   

 

 

 

Singapore—1.4%

  

Ascendas Real Estate Investment Trust

    141,000        248,807   

CapitaCommercial Trust (REIT)

    143,000        178,870   

CapitaLand, Ltd.

    174,000        436,097   

CapitaMall Trust (REIT)

    240,200        359,764   

City Developments, Ltd.

    34,000        256,059   

ComfortDelGro Corp., Ltd.

    153,000        287,498   

DBS Group Holdings, Ltd.

    120,467        1,737,387   

Genting Singapore plc (a)

    418,200        373,330   

Global Logistic Properties, Ltd.

    212,000        450,011   

Golden Agri-Resources, Ltd.

    492,569        198,635   

Hutchison Port Holdings Trust - Class U

    350,000        244,221   

Jardine Cycle & Carriage, Ltd.

    8,000        269,211   

Keppel Corp., Ltd.

    102,700        844,528   

Keppel Land, Ltd.

    51,000        139,815   

Oversea-Chinese Banking Corp., Ltd.

    202,364        1,543,631   

Sembcorp Industries, Ltd.

    71,000        288,424   

Sembcorp Marine, Ltd. (a)

    63,000        184,262   

Singapore Airlines, Ltd.

    36,940        284,698   

Singapore Exchange, Ltd.

    56,000        316,781   

Singapore Press Holdings, Ltd. (a)

    107,250        353,227   

Singapore Technologies Engineering, Ltd.

    130,000        371,522   

Singapore Telecommunications, Ltd.

    557,820        1,658,345   

StarHub, Ltd.

    44,000        141,913   

United Overseas Bank, Ltd.

    88,392        1,549,327   

UOL Group, Ltd.

    33,000        170,766   

Wilmar International, Ltd.

    130,000        314,486   
   

 

 

 
      13,201,615   
   

 

 

 

Spain—3.4%

  

Abertis Infraestructuras S.A.

    30,059        591,707   

ACS Actividades de Construccion y Servicios S.A.

    12,561        479,515   

Amadeus IT Holding S.A. - A Shares

    26,116        972,936   

Banco Bilbao Vizcaya Argentaria S.A.

    408,157        4,889,587   

Banco de Sabadell S.A. (a)

    247,269        725,694   

Banco Popular Espanol S.A. (a)

    115,495        702,841   

Banco Santander S.A.

    844,350        8,078,962   

Bankia S.A. (b)

    323,299        599,001   

CaixaBank S.A.

    123,904        748,225   

CaixaBank S.A. (a)

    1,362        8,292   

Distribuidora Internacional de Alimentacion S.A.

    40,028        285,515   

Enagas S.A.

    15,504        499,038   

Ferrovial S.A. (a)

    28,747        555,395   

Gas Natural SDG S.A.

    24,586        721,936   

Grifols S.A.

    11,921        485,007   

Iberdrola S.A.

    365,269        2,609,865   

Inditex S.A.

    75,405        2,077,633   

Spain—(Continued)

  

International Consolidated Airlines Group S.A. - Class DI (b)

    71,373      421,512   

Mapfre S.A.

    74,474        262,907   

Red Electrica Corp. S.A.

    7,572        653,513   

Repsol S.A.

    71,335        1,688,467   

Telefonica S.A.

    284,361        4,394,578   

Zardoya Otis S.A. (a)

    9,526        117,851   
   

 

 

 
      32,569,977   
   

 

 

 

Sweden—2.9%

  

Alfa Laval AB (a)

    20,852        445,387   

Assa Abloy AB - Class B

    23,170        1,189,433   

Atlas Copco AB - A Shares (a)

    47,637        1,363,142   

Atlas Copco AB - B Shares

    26,827        694,571   

Boliden AB

    18,744        303,226   

Electrolux AB - Series B

    17,118        450,417   

Elekta AB - B Shares (a)

    26,324        259,189   

Getinge AB - B Shares

    13,484        339,576   

Hennes & Mauritz AB - B Shares

    67,689        2,811,457   

Hexagon AB - B Shares

    17,090        540,753   

Husqvarna AB - B Shares

    25,677        181,042   

Industrivarden AB - C Shares

    8,655        150,855   

Investment AB Kinnevik - B Shares

    16,520        597,146   

Investor AB - B Shares

    31,588        1,112,415   

Lundin Petroleum AB (b)

    16,017        270,220   

Millicom International Cellular S.A. (a)

    5,384        431,597   

Nordea Bank AB

    208,934        2,709,757   

Sandvik AB

    73,011        819,713   

Securitas AB - B Shares

    21,462        238,504   

Skandinaviska Enskilda Banken AB - Class A

    103,979        1,382,708   

Skanska AB - B Shares

    30,119        621,060   

SKF AB - B Shares

    26,654        557,060   

Svenska Cellulosa AB SCA - B Shares

    40,587        966,189   

Svenska Handelsbanken AB - A Shares

    34,300        1,607,155   

Swedbank AB - A Shares

    61,954        1,553,785   

Swedish Match AB

    14,499        468,653   

Tele2 AB - B Shares

    21,032        253,883   

Telefonaktiebolaget LM Ericsson - B Shares

    219,192        2,769,617   

TeliaSonera AB

    162,992        1,126,052   

Volvo AB - B Shares

    112,044        1,210,886   
   

 

 

 
      27,425,448   
   

 

 

 

Switzerland—8.6%

  

ABB, Ltd. (b)

    156,793        3,505,161   

Actelion, Ltd. (b)

    7,563        885,961   

Adecco S.A. (b)

    11,954        805,920   

Aryzta AG (b)

    5,635        485,654   

Baloise Holding AG

    3,194        407,368   

Barry Callebaut AG (b)

    132        146,167   

Chocoladefabriken Lindt & Spruengli AG

    7        414,712   

Chocoladefabriken Lindt & Spruengli AG (Participation Certifcate)

    55        274,069   

Cie Financiere Richemont S.A.

    37,271        3,051,715   

Coca-Cola HBC AG (b)

    13,800        297,606   

Credit Suisse Group AG (b)

    106,196        2,925,108   

EMS-Chemie Holding AG

    579        239,632   

 

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Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

  

Geberit AG

    2,659      $ 855,845   

Givaudan S.A. (b)

    646        1,028,506   

Holcim, Ltd. (b)

    16,305        1,182,110   

Julius Baer Group, Ltd. (b)

    15,588        694,895   

Kuehne & Nagel International AG (a)

    4,135        521,229   

Lonza Group AG (b)

    3,231        389,438   

Nestle S.A.

    225,643        16,536,988   

Novartis AG

    160,952        15,145,461   

Pargesa Holding S.A.

    1,694        134,442   

Partners Group Holding AG

    1,228        323,161   

Roche Holding AG

    49,159        14,543,895   

Schindler Holding AG (Participation Certificate)

    3,222        435,716   

Schindler Holding AG

    1,428        190,079   

SGS S.A.

    367        757,300   

Sika AG

    170        586,636   

Sonova Holding AG

    4,058        647,056   

Sulzer AG

    1,649        202,629   

Swatch Group AG (The)

    3,213        280,992   

Swatch Group AG (The) - Bearer Shares

    2,110        998,885   

Swiss Life Holding AG (b)

    2,159        513,391   

Swiss Prime Site AG (b)

    3,833        284,416   

Swiss Re AG (b)

    24,745        1,968,946   

Swisscom AG

    1,631        925,789   

Syngenta AG

    6,727        2,133,402   

Transocean, Ltd. (a)

    24,746        794,578   

UBS AG (b)

    259,484        4,498,308   

Zurich Insurance Group AG (b)

    10,297        3,059,351   
   

 

 

 
      83,072,517   
   

 

 

 

United Kingdom—19.9%

  

3i Group plc

    63,549        393,157   

Aberdeen Asset Management plc (a)

    61,345        396,125   

Admiral Group plc

    16,009        331,883   

Aggreko plc (a)

    17,661        441,489   

AMEC plc (a)

    19,387        345,117   

Anglo American plc

    100,587        2,240,008   

Antofagasta plc

    26,957        314,504   

ARM Holdings plc

    102,474        1,493,126   

ASOS plc (a) (b)

    3,794        138,387   

Associated British Foods plc

    24,859        1,076,948   

AstraZeneca plc

    87,843        6,293,438   

Aviva plc

    205,068        1,729,845   

Babcock International Group plc

    33,300        586,547   

BAE Systems plc

    224,576        1,716,046   

Barclays plc

    1,147,454        4,227,117   

BG Group plc

    236,047        4,342,021   

BHP Billiton plc

    146,472        4,066,624   

BP plc

    1,295,973        9,496,463   

British American Tobacco plc

    133,028        7,477,355   

British Land Co. plc

    73,348        832,745   

British Sky Broadcasting Group plc

    73,819        1,049,865   

BT Group plc

    549,280        3,364,597   

Bunzl plc

    22,401        582,010   

Burberry Group plc

    32,742        798,681   

Capita plc

    48,717        915,883   

United Kingdom—(Continued)

  

Carnival plc

    12,088      480,519   

Centrica plc

    369,393        1,836,904   

Cobham plc

    73,272        343,894   

Compass Group plc

    119,290        1,926,629   

Croda International plc

    9,658        320,260   

Diageo plc

    178,260        5,154,205   

Direct Line Insurance Group plc

    105,265        501,835   

Dixons Carphone plc

    68,700        407,394   

easyJet plc

    10,815        247,956   

Fresnillo plc (a)

    11,783        144,646   

Friends Life Group, Ltd.

    99,349        494,542   

G4S plc

    106,542        432,027   

GKN plc

    126,099        647,484   

GlaxoSmithKline plc

    340,182        7,786,086   

Glencore plc (b)

    735,853        4,071,513   

Hammerson plc

    56,484        525,092   

Hargreaves Lansdown plc

    16,913        257,523   

HSBC Holdings plc

    1,335,198        13,588,783   

ICAP plc (a)

    36,213        226,420   

IMI plc

    20,055        398,180   

Imperial Tobacco Group plc

    66,898        2,877,683   

Inmarsat plc

    28,473        322,479   

InterContinental Hotels Group plc

    18,621        718,015   

Intertek Group plc

    10,631        450,198   

Intu Properties plc

    62,951        329,240   

Investec plc

    41,855        351,205   

J Sainsbury plc (a)

    85,611        348,552   

Johnson Matthey plc

    13,894        653,755   

Kingfisher plc

    164,859        864,045   

Land Securities Group plc

    59,558        999,558   

Legal & General Group plc

    410,178        1,521,777   

Lloyds Banking Group plc (b)

    4,006,803        4,964,908   

London Stock Exchange Group plc

    15,554        470,148   

Marks & Spencer Group plc

    118,772        775,802   

Meggitt plc

    55,862        408,417   

Melrose Industries plc

    72,515        289,472   

National Grid plc

    261,011        3,742,462   

Next plc

    11,690        1,251,458   

Old Mutual plc (a)

    337,381        989,189   

Pearson plc

    56,693        1,138,821   

Persimmon plc (b)

    20,663        444,115   

Petrofac, Ltd.

    17,337        289,798   

Prudential plc

    177,484        3,942,060   

Randgold Resources, Ltd.

    6,351        431,093   

Reckitt Benckiser Group plc

    44,859        3,882,765   

Reed Elsevier plc

    81,102        1,294,500   

Rexam plc

    46,152        367,840   

Rio Tinto plc

    90,449        4,440,864   

Rolls-Royce Holdings plc (b)

    130,394        2,021,159   

Royal Bank of Scotland Group plc (b)

    174,168        1,038,160   

Royal Dutch Shell plc - A Shares

    275,303        10,500,647   

Royal Dutch Shell plc - B Shares

    173,340        6,837,911   

Royal Mail plc

    45,481        289,138   

RSA Insurance Group plc (b)

    64,126        502,205   

SABMiller plc

    67,875        3,771,699   

Sage Group plc (The)

    79,455        469,709   

Schroders plc

    8,724        336,399   

 

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Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

United Kingdom—(Continued)

  

Segro plc

    61,844      $ 362,572   

Severn Trent plc

    16,575        502,300   

Smith & Nephew plc

    66,221        1,112,325   

Smiths Group plc

    25,680        526,007   

Sports Direct International plc (a) (b)

    18,899        188,613   

SSE plc

    67,077        1,674,697   

Standard Chartered plc

    169,791        3,127,872   

Standard Life plc

    174,865        1,168,017   

Tate & Lyle plc

    33,576        320,240   

Tesco plc

    577,804        1,728,506   

Travis Perkins plc

    16,708        448,398   

TUI Travel plc

    32,223        202,385   

Tullow Oil plc

    61,905        644,486   

Unilever NV

    116,057        4,613,988   

Unilever plc

    91,437        3,816,671   

United Utilities Group plc

    48,207        628,480   

Vodafone Group plc

    1,849,678        6,097,143   

Weir Group plc (The)

    13,923        562,622   

Whitbread plc

    12,742        857,739   

William Hill plc

    58,853        351,350   

Wolseley plc

    18,911        993,530   

WM Morrison Supermarkets plc (a)

    166,578        454,376   

WPP plc

    97,220        1,944,605   
   

 

 

 
      191,096,041   
   

 

 

 

Total Common Stocks
(Cost $769,239,923)

      894,856,552   
   

 

 

 
Investment Company Security—4.8%   

United States—4.8%

  

iShares MSCI EAFE ETF (a) (d)
(Cost $48,163,172)

    722,300        46,313,876   
   

 

 

 
Preferred Stocks—0.5%   

Germany—0.5%

  

Bayerische Motoren Werke (BMW) AG

    3,505        284,993   

Fuchs Petrolub SE (a)

    4,900        186,114   

Henkel AG & Co. KGaA

    12,771        1,275,481   

Porsche Automobil Holding SE

    10,260        821,500   

Volkswagen AG

    11,660        2,421,064   
   

 

 

 

Total Preferred Stocks
(Cost $3,131,937)

      4,989,152   
   

 

 

 
Rights—0.0%   

Italy—0.0%

  

Fiat S.p.A., Expires 10/06/14 (a) (b)

    59,813        0   
   

 

 

 

Spain—0.0%

  

Banco Bilbao Vizcaya Argentaria S.A., Expires 10/13/14 (a) (b)

    408,157        40,733   

Spain—(Continued)

  

Banco Popular Espanol S.A., Expires 10/13/14 (a) (b)

    115,496      1,605   
   

 

 

 
      42,338   
   

 

 

 

Total Rights
(Cost $43,183)

      42,338   
   

 

 

 
Warrant—0.0%   

Hong Kong—0.0%

  

Sun Hung Kai Properties, Ltd. Expires 04/22/16 (b)
(Cost $0)

    9,250        15,462   
   

 

 

 
Short-Term Investments—8.3%   

Discount Notes—1.2%

  

Federal Home Loan Bank

   

0.005%, 10/27/14 (e)

    1,025,000        1,024,996   

0.020%, 12/19/14 (e)

    4,425,000        4,424,806   

0.054%, 10/15/14 (e)

    1,200,000        1,199,973   

0.081%, 03/03/15 (e)

    575,000        574,805   

Federal National Mortgage Association

   

0.019%, 12/24/14 (e)

    100,000        99,996   

0.067%, 10/15/14 (e)

    4,325,000        4,324,880   
   

 

 

 
      11,649,456   
   

 

 

 

Mutual Fund—7.0%

  

State Street Navigator Securities Lending MET Portfolio (f)

    67,070,034        67,070,034   
   

 

 

 

U.S. Treasury—0.1%

  

U.S. Treasury Bills

   

0.017%, 03/19/15 (e)

    450,000        449,965   

0.020%, 11/13/14 (e)

    300,000        299,993   
   

 

 

 
      749,958   
   

 

 

 

Total Short-Term Investments
(Cost $79,469,448)

      79,469,448   
   

 

 

 

Total Investments—106.8%
(Cost $900,047,663) (g)

      1,025,686,828   

Other assets and liabilities (net)—(6.8)%

      (64,979,152
   

 

 

 
Net Assets—100.0%     $ 960,707,676   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a)

All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $70,487,533 and the collateral received consisted of cash in the amount of $67,070,034 and non-cash collateral with a value of $6,107,055. 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

 

MSF-152


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

 

government securities and bank letters of credit, and is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.

(b) Non-income producing security.
(c) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2014, these securities represent less than 0.05% of net assets.
(d) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2014, the market value of securities pledged was $641,200.
(e) The rate shown represents current yield to maturity.
(f) Represents investment of cash collateral received from securities lending transactions.
(g) As of September 30, 2014, the aggregate cost of investments was $900,047,663. The aggregate unrealized appreciation and depreciation of investments were $230,901,719 and $(105,262,554), respectively, resulting in net unrealized appreciation of $125,639,165.
(ETF)— Exchange-Traded Fund
(REIT)— A Real Estate Investment Trust is a pooled investment vehicle that invests primarily in income-producing real estate or real estate related loans or interest.

 

Ten Largest Industries as of
September 30, 2014 (Unaudited)

  

% of
Net Assets

 

Banks

     13.0   

Pharmaceuticals

     9.0   

Oil, Gas & Consumable Fuels

     5.9   

Insurance

     5.0   

Automobiles

     3.7   

Food Products

     3.6   

Metals & Mining

     3.3   

Chemicals

     3.1   

Diversified Telecommunication Services

     3.0   

Machinery

     2.4   

Futures Contracts

 

Futures Contracts—Long

  Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

MSCI EAFE Mini Index Futures

    12/19/14         75         USD         7,071,734       $ (172,859
             

 

 

 

 

(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Australia

   $ —         $ 67,277,711       $ —         $ 67,277,711   

Austria

     —           1,856,107         —           1,856,107   

Belgium

     —           11,310,719         —           11,310,719   

Denmark

     —           14,135,593         —           14,135,593   

Finland

     —           7,889,720         —           7,889,720   

France

     —           85,124,034         —           85,124,034   

Germany

     —           73,896,652         —           73,896,652   

Hong Kong

     —           26,641,786         —           26,641,786   

 

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Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  

Ireland

   $ —        $ 7,760,503      $ —         $ 7,760,503   

Israel

     —          4,890,788        —           4,890,788   

Italy

     —          21,493,751        —           21,493,751   

Japan

     —          189,199,278        —           189,199,278   

Luxembourg

     —          2,097,607        —           2,097,607   

Netherlands

     —          23,384,455        —           23,384,455   

New Zealand

     —          1,180,714        —           1,180,714   

Norway

     117,333        7,511,391        —           7,628,724   

Portugal

     —          1,722,812        0         1,722,812   

Singapore

     —          13,201,615        —           13,201,615   

Spain

     8,292        32,561,685        —           32,569,977   

Sweden

     —          27,425,448        —           27,425,448   

Switzerland

     770,070        82,302,447        —           83,072,517   

United Kingdom

     —          191,096,041        —           191,096,041   

Total Common Stocks

     895,695        893,960,857        0         894,856,552   

Total Investment Company Security*

     46,313,876        —          —           46,313,876   

Total Preferred Stocks*

     —          4,989,152        —           4,989,152   

Total Rights*

     42,338        —          —           42,338   

Total Warrant*

     15,462        —          —           15,462   
Short-Term Investments          

Discount Notes

     —          11,649,456        —           11,649,456   

Mutual Fund

     67,070,034        —          —           67,070,034   

U.S. Treasury

     —          749,958        —           749,958   

Total Short-Term Investments

     67,070,034        12,399,414        —           79,469,448   

Total Investments

   $ 114,337,405      $ 911,349,423      $ 0       $ 1,025,686,828   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (67,070,034   $ —         $ (67,070,034
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (172,859   $ —        $ —         $ (172,859

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 2 to Level 1 in the amount of $732,780 were due to the discontinuation of a systematic fair valuation model factor. Transfers from Level 1 to Level 2 in the amount of $181,991 were due to the application of a systematic fair valuation model factor.

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

 

Investments in Securities

   Balance as of
December 31,
2013
     Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases      Transfers
Into
Level 3
     Balance as of
September 30,
2014
     Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
Still Held at
September 30,
2014
 
Common Stocks                 

Portugal

   $       $ (253,969   $ 50,246       $ 203,723       $ 0       $ (253,969
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Transfers into level 3 were due to a decline in market activity for significant observables which resulted in a lack of available market inputs to determine price.

 

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Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—96.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.1%

   

Cubic Corp.

    26,700      $ 1,249,560   
   

 

 

 

Air Freight & Logistics—0.6%

   

Forward Air Corp.

    185,076        8,296,957   
   

 

 

 

Airlines—0.1%

   

Allegiant Travel Co.

    7,400        915,084   
   

 

 

 

Auto Components—0.3%

   

Gentex Corp.

    149,700        4,007,469   
   

 

 

 

Banks—7.8%

   

Bank of Hawaii Corp.

    270,400        15,361,424   

Bank of the Ozarks, Inc.

    310,876        9,798,812   

BankUnited, Inc.

    321,500        9,802,535   

BOK Financial Corp.

    174,182        11,579,619   

Community Bank System, Inc.

    133,687        4,490,546   

Cullen/Frost Bankers, Inc.

    226,298        17,314,060   

CVB Financial Corp.

    349,200        5,011,020   

First Financial Bankshares, Inc.

    430,810        11,972,210   

FNB Corp.

    467,548        5,605,901   

PacWest Bancorp

    260,128        10,725,077   

ViewPoint Financial Group, Inc.

    152,800        3,658,032   

Westamerica Bancorp

    131,300        6,108,076   
   

 

 

 
      111,427,312   
   

 

 

 

Beverages—0.9%

   

Boston Beer Co., Inc. (The) - Class A (a)

    55,072        12,212,767   
   

 

 

 

Building Products—0.9%

   

AAON, Inc.

    271,972        4,626,244   

AO Smith Corp.

    172,000        8,132,160   
   

 

 

 
      12,758,404   
   

 

 

 

Chemicals—4.6%

   

Balchem Corp.

    222,563        12,590,389   

Hawkins, Inc.

    72,590        2,610,336   

Innophos Holdings, Inc.

    167,111        9,206,145   

NewMarket Corp.

    21,217        8,084,101   

RPM International, Inc.

    150,100        6,871,578   

Sensient Technologies Corp.

    449,600        23,536,560   

Stepan Co.

    69,118        3,067,457   
   

 

 

 
      65,966,566   
   

 

 

 

Commercial Services & Supplies—3.7%

   

Healthcare Services Group, Inc.

    499,614        14,293,956   

Rollins, Inc.

    647,210        18,950,309   

Team, Inc. (a)

    92,403        3,502,998   

UniFirst Corp.

    50,900        4,916,431   

United Stationers, Inc.

    294,874        11,078,416   
   

 

 

 
      52,742,110   
   

 

 

 

Communications Equipment—0.7%

   

NETGEAR, Inc. (a)

    308,000        9,625,000   
   

 

 

 

Construction & Engineering—0.2%

   

Primoris Services Corp.

    98,000      2,630,320   
   

 

 

 

Construction Materials—0.6%

   

Eagle Materials, Inc.

    84,800        8,635,184   
   

 

 

 

Containers & Packaging—2.5%

   

Aptargroup, Inc.

    430,454        26,128,558   

Silgan Holdings, Inc.

    192,300        9,038,100   
   

 

 

 
      35,166,658   
   

 

 

 

Distributors—1.2%

   

Pool Corp.

    321,560        17,338,515   
   

 

 

 

Diversified Financial Services—0.3%

   

MarketAxess Holdings, Inc.

    59,300        3,668,298   
   

 

 

 

Electrical Equipment—0.4%

   

Franklin Electric Co., Inc.

    116,900        4,061,106   

Thermon Group Holdings, Inc. (a)

    92,200        2,251,524   
   

 

 

 
      6,312,630   
   

 

 

 

Electronic Equipment, Instruments & Components—4.4%

  

Badger Meter, Inc.

    147,688        7,450,860   

Cognex Corp. (a)

    55,100        2,218,877   

Coherent, Inc. (a)

    33,600        2,062,032   

FARO Technologies, Inc. (a)

    45,200        2,293,900   

FEI Co.

    214,454        16,174,121   

Littelfuse, Inc.

    76,700        6,533,306   

MTS Systems Corp.

    19,400        1,324,244   

Rogers Corp. (a)

    100,000        5,476,000   

Zebra Technologies Corp. - Class A (a)

    267,382        18,976,100   
   

 

 

 
      62,509,440   
   

 

 

 

Energy Equipment & Services—4.2%

   

Canadian Energy Services & Technology Corp.

    173,200        1,450,615   

CARBO Ceramics, Inc.

    141,900        8,404,737   

Natural Gas Services Group, Inc. (a)

    234,035        5,633,222   

Oceaneering International, Inc.

    330,900        21,564,753   

Pason Systems, Inc.

    514,400        14,372,336   

ShawCor, Ltd.

    171,500        8,647,030   
   

 

 

 
      60,072,693   
   

 

 

 

Food & Staples Retailing—0.2%

   

North West Co., Inc. (The)

    137,700        2,753,353   
   

 

 

 

Food Products—2.1%

   

B&G Foods, Inc.

    215,200        5,928,760   

Flowers Foods, Inc.

    384,750        7,064,010   

J&J Snack Foods Corp.

    91,609        8,570,938   

Lancaster Colony Corp.

    104,600        8,920,288   
   

 

 

 
      30,483,996   
   

 

 

 

Gas Utilities—0.3%

   

South Jersey Industries, Inc.

    78,900        4,210,104   
   

 

 

 

 

MSF-155


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—6.2%

  

Abaxis, Inc.

    163,454      $ 8,288,752   

Cyberonics, Inc. (a)

    80,174        4,101,702   

Haemonetics Corp. (a)

    457,608        15,979,672   

IDEXX Laboratories, Inc. (a)

    145,900        17,191,397   

Meridian Bioscience, Inc.

    276,981        4,899,794   

Sirona Dental Systems, Inc. (a)

    216,200        16,578,216   

West Pharmaceutical Services, Inc.

    461,966        20,677,598   
   

 

 

 
      87,717,131   
   

 

 

 

Health Care Providers & Services—3.5%

   

Amsurg Corp. (a)

    142,442        7,129,222   

Chemed Corp.

    55,700        5,731,530   

Henry Schein, Inc. (a)

    155,600        18,122,732   

MWI Veterinary Supply, Inc. (a)

    129,455        19,211,122   
   

 

 

 
      50,194,606   
   

 

 

 

Hotels, Restaurants & Leisure—4.0%

   

Bally Technologies, Inc. (a)

    124,930        10,081,851   

Brinker International, Inc.

    292,200        14,840,838   

Cheesecake Factory, Inc. (The)

    167,200        7,607,600   

Cracker Barrel Old Country Store, Inc.

    81,000        8,358,390   

Papa John’s International, Inc.

    199,900        7,994,001   

Texas Roadhouse, Inc.

    293,200        8,162,688   
   

 

 

 
      57,045,368   
   

 

 

 

Household Products—2.3%

   

Church & Dwight Co., Inc.

    468,000        32,834,880   
   

 

 

 

Industrial Conglomerates—0.5%

   

Raven Industries, Inc.

    305,929        7,464,668   
   

 

 

 

Insurance—1.0%

   

RLI Corp.

    218,340        9,451,939   

Safety Insurance Group, Inc.

    92,800        5,002,848   
   

 

 

 
      14,454,787   
   

 

 

 

Internet Software & Services—0.3%

   

j2 Global, Inc.

    95,500        4,713,880   
   

 

 

 

IT Services—1.4%

   

Jack Henry & Associates, Inc.

    206,700        11,504,922   

Sapient Corp. (a)

    588,373        8,237,222   
   

 

 

 
      19,742,144   
   

 

 

 

Leisure Products—1.9%

   

Polaris Industries, Inc.

    178,698        26,767,173   
   

 

 

 

Life Sciences Tools & Services—2.8%

   

ICON plc (a)

    425,537        24,353,483   

PAREXEL International Corp. (a)

    143,100        9,028,179   

Techne Corp.

    69,900        6,539,145   
   

 

 

 
      39,920,807   
   

 

 

 

Machinery—10.9%

   

Chart Industries, Inc. (a)

    73,800      4,511,394   

CIRCOR International, Inc.

    57,200        3,851,276   

CLARCOR, Inc.

    373,302        23,547,890   

Donaldson Co., Inc.

    261,100        10,608,493   

Graco, Inc.

    80,900        5,904,082   

Lincoln Electric Holdings, Inc.

    58,478        4,042,877   

Middleby Corp. (The) (a)

    163,100        14,374,003   

Nordson Corp.

    222,362        16,915,077   

RBC Bearings, Inc.

    71,300        4,042,710   

Tennant Co.

    99,678        6,687,397   

Toro Co. (The)

    197,400        11,692,002   

Valmont Industries, Inc.

    100,300        13,533,479   

Wabtec Corp.

    437,000        35,414,480   
   

 

 

 
      155,125,160   
   

 

 

 

Media—1.3%

   

LIN Media LLC - Class A (a)

    158,700        3,523,140   

Media General, Inc. (a)

    199,500        2,615,445   

Nexstar Broadcasting Group, Inc. - Class A

    298,700        12,073,454   
   

 

 

 
      18,212,039   
   

 

 

 

Metals & Mining—1.3%

   

Alamos Gold, Inc. (a)

    616,600        4,908,136   

Compass Minerals International, Inc.

    161,500        13,611,220   
   

 

 

 
      18,519,356   
   

 

 

 

Multi-Utilities—0.3%

   

NorthWestern Corp.

    96,800        4,390,848   
   

 

 

 

Oil, Gas & Consumable Fuels—2.1%

   

Evolution Petroleum Corp.

    118,300        1,085,994   

Gulfport Energy Corp. (a)

    241,300        12,885,420   

Laredo Petroleum, Inc. (a)

    163,000        3,652,830   

Oasis Petroleum, Inc. (a)

    133,300        5,573,273   

Painted Pony Petroleum, Ltd. (a)

    108,400        1,214,715   

Painted Pony Petroleum, Ltd. (U.S. Listed Shares) (a)

    158,300        1,755,547   

Synergy Resources Corp. (a)

    302,900        3,692,351   
   

 

 

 
      29,860,130   
   

 

 

 

Paper & Forest Products—0.6%

   

Stella-Jones, Inc.

    323,700        8,432,385   
   

 

 

 

Professional Services—0.9%

   

Exponent, Inc.

    152,078        10,779,289   

Mistras Group, Inc. (a)

    123,334        2,516,013   
   

 

 

 
      13,295,302   
   

 

 

 

Real Estate Management & Development—2.2%

  

Altisource Asset Management Corp. (a)

    17,505        11,816,050   

Altisource Portfolio Solutions S.A. (a)

    187,152        18,864,922   
   

 

 

 
      30,680,972   
   

 

 

 

 

MSF-156


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Road & Rail—0.3%

   

Genesee & Wyoming, Inc. - Class A (a)

    48,000      $ 4,574,880   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.0%

  

Power Integrations, Inc.

    273,430        14,740,611   
   

 

 

 

Software—8.2%

   

Advent Software, Inc.

    267,800        8,451,768   

Computer Modelling Group, Ltd.

    302,200        3,153,957   

Constellation Software, Inc.

    82,420        20,715,573   

Descartes Systems Group, Inc. (The) (a)

    258,800        3,574,028   

FactSet Research Systems, Inc.

    81,500        9,904,695   

Fair Isaac Corp.

    68,700        3,785,370   

Manhattan Associates, Inc. (a)

    624,376        20,866,646   

Monotype Imaging Holdings, Inc.

    320,093        9,065,033   

NetScout Systems, Inc. (a)

    97,900        4,483,820   

Solera Holdings, Inc.

    288,800        16,276,768   

Tyler Technologies, Inc. (a)

    186,000        16,442,400   
   

 

 

 
      116,720,058   
   

 

 

 

Specialty Retail—2.6%

   

Hibbett Sports, Inc. (a)

    233,200        9,941,316   

Sally Beauty Holdings, Inc. (a)

    443,600        12,141,332   

Tractor Supply Co.

    232,300        14,288,773   
   

 

 

 
      36,371,421   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.4%

  

Electronics For Imaging, Inc. (a)

    136,700        6,038,039   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.5%

  

 

Wolverine World Wide, Inc.

    253,700        6,357,722   
   

 

 

 

Thrifts & Mortgage Finance—1.4%

   

Home Loan Servicing Solutions, Ltd.

    612,339        12,975,463   

Ocwen Financial Corp. (a)

    281,000        7,356,580   
   

 

 

 
      20,332,043   
   

 

 

 

Trading Companies & Distributors—2.1%

  

Applied Industrial Technologies, Inc.

    256,771      11,721,596   

Beacon Roofing Supply, Inc. (a)

    205,113        5,226,279   

MSC Industrial Direct Co., Inc. - Class A

    54,200        4,631,932   

Watsco, Inc.

    87,425        7,534,287   
   

 

 

 
      29,114,094   
   

 

 

 

Total Common Stocks
(Cost $993,625,591)

      1,366,602,924   
   

 

 

 
Short-Term Investment—3.9%   

Repurchase Agreement—3.9%

   

Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $55,651,740 on 10/01/14, collateralized by $56,695,000 U.S. Treasury Note at 0.250% due 08/15/15 with a value of $56,765,869.

    55,651,740        55,651,740   
   

 

 

 

Total Short-Term Investment
(Cost $55,651,740)

      55,651,740   
   

 

 

 

Total Investments—100.0%
(Cost $1,049,277,331) (b)

      1,422,254,664   

Other assets and liabilities (net)—0.0%

      284,645   
   

 

 

 
Net Assets—100.0%     $ 1,422,539,309   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) As of September 30, 2014, the aggregate cost of investments was $1,049,277,331. The aggregate unrealized appreciation and depreciation of investments were $398,481,635 and $(25,504,302), respectively, resulting in net unrealized appreciation of $372,977,333.

 

 

MSF-157


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stocks*

   $ 1,366,602,924       $ —         $       $ 1,366,602,924   

Total Short-Term Investment*

     —           55,651,740                 55,651,740   

Total Investments

   $ 1,366,602,924       $ 55,651,740       $       $ 1,422,254,664   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

 

MSF-158


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—93.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.6%

   

AAR Corp.

    20,590      $ 497,249   

Aerovironment, Inc. (a)

    8,967        269,638   

American Science & Engineering, Inc.

    3,412        188,957   

Astronics Corp. (a)

    9,277        442,327   

Astronics Corp. - Class B (a) (b)

    1,544        73,321   

Cubic Corp.

    9,993        467,672   

Curtiss-Wright Corp.

    23,640        1,558,349   

DigitalGlobe, Inc. (a)

    37,451        1,067,354   

Ducommun, Inc. (a)

    5,534        151,687   

Engility Holdings, Inc. (a)

    8,737        272,332   

Esterline Technologies Corp. (a)

    15,153        1,686,074   

GenCorp, Inc. (a) (b)

    29,383        469,247   

HEICO Corp. (b)

    31,652        1,478,148   

KEYW Holding Corp. (The) (a) (b)

    16,705        184,924   

Kratos Defense & Security Solutions, Inc. (a)

    22,697        148,892   

Moog, Inc. - Class A (a)

    21,618        1,478,671   

National Presto Industries, Inc. (b)

    2,572        156,146   

Orbital Sciences Corp. (a)

    29,768        827,550   

Sparton Corp. (a)

    5,744        141,590   

Taser International, Inc. (a) (b)

    26,071        402,536   

Teledyne Technologies, Inc. (a)

    17,856        1,678,643   
   

 

 

 
      13,641,307   
   

 

 

 

Air Freight & Logistics—0.5%

   

Air Transport Services Group, Inc. (a)

    26,883        195,708   

Atlas Air Worldwide Holdings, Inc. (a)

    13,131        433,586   

Echo Global Logistics, Inc. (a) (b)

    11,852        279,114   

Forward Air Corp.

    15,560        697,555   

HUB Group, Inc. - Class A (a)

    17,356        703,439   

Park-Ohio Holdings Corp.

    4,748        227,239   

UTi Worldwide, Inc. (a) (b)

    45,516        483,835   

XPO Logistics, Inc. (a) (b)

    24,195        911,426   
   

 

 

 
      3,931,902   
   

 

 

 

Airlines—0.3%

   

Allegiant Travel Co.

    6,962        860,921   

Hawaiian Holdings, Inc. (a) (b)

    20,005        269,067   

JetBlue Airways Corp. (a) (b)

    121,414        1,289,417   

Republic Airways Holdings, Inc. (a)

    25,789        286,516   

SkyWest, Inc.

    24,419        189,980   
   

 

 

 
      2,895,901   
   

 

 

 

Auto Components—1.0%

   

American Axle & Manufacturing Holdings, Inc. (a)

    34,595        580,158   

Cooper Tire & Rubber Co. (b)

    31,310        898,597   

Cooper-Standard Holding, Inc. (a)

    6,881        429,374   

Dana Holding Corp.

    76,254        1,461,789   

Dorman Products, Inc. (a) (b)

    12,774        511,726   

Drew Industries, Inc.

    11,598        489,320   

Federal-Mogul Corp. (a)

    14,782        219,808   

Gentherm, Inc. (a)

    17,276        729,566   

Modine Manufacturing Co. (a)

    24,735        293,605   

Motorcar Parts of America, Inc. (a)

    8,000        217,680   

Remy International, Inc. (b)

    5,758        118,212   

Auto Components—(Continued)

  

Standard Motor Products, Inc. (b)

    9,638      331,836   

Stoneridge, Inc. (a)

    13,705        154,455   

Strattec Security Corp.

    1,911        155,460   

Superior Industries International, Inc.

    12,615        221,141   

Tenneco, Inc. (a)

    29,432        1,539,588   

Tower International, Inc. (a)

    10,455        263,362   
   

 

 

 
      8,615,677   
   

 

 

 

Automobiles—0.0%

   

Winnebago Industries, Inc. (a)

    12,257        266,835   
   

 

 

 

Banks—7.1%

   

1st Source Corp.

    8,143        231,913   

1st United Bancorp, Inc.

    12,631        107,616   

Ameris Bancorp

    13,498        296,281   

Ames National Corp. (b)

    4,390        98,117   

Arrow Financial Corp.

    5,707        143,072   

Banc of California, Inc.

    13,438        156,284   

Bancfirst Corp. (b)

    3,589        224,528   

Banco Latinoamericano de Comercio Exterior S.A. - Class E (b)

    14,005        429,673   

Bancorp, Inc. (a)

    17,608        151,253   

BancorpSouth, Inc.

    48,388        974,534   

Bank of Kentucky Financial Corp.

    3,484        161,065   

Bank of Marin Bancorp (b)

    3,199        146,802   

Bank of the Ozarks, Inc.

    39,067        1,231,392   

Banner Corp.

    10,387        399,588   

BBCN Bancorp, Inc.

    39,760        580,098   

Blue Hills Bancorp, Inc. (a)

    19,756        259,199   

BNC Bancorp

    10,025        156,991   

Boston Private Financial Holdings, Inc.

    40,232        498,474   

Bridge Bancorp, Inc.

    6,098        144,218   

Bridge Capital Holdings (a)

    5,459        124,138   

Bryn Mawr Bank Corp.

    6,395        181,170   

Camden National Corp. (b)

    3,953        138,355   

Capital Bank Financial Corp. - Class A (a)

    12,884        307,670   

Cardinal Financial Corp.

    17,067        291,334   

Cathay General Bancorp

    39,976        992,604   

Centerstate Banks, Inc.

    16,702        172,866   

Central Pacific Financial Corp.

    7,285        130,620   

Chemical Financial Corp.

    16,215        436,021   

Citizens & Northern Corp. (b)

    6,716        127,604   

City Holding Co. (b)

    8,336        351,196   

CNB Financial Corp. (b)

    6,782        106,477   

CoBiz Financial, Inc. (b)

    17,832        199,362   

Columbia Banking System, Inc.

    26,670        661,683   

Community Bank System, Inc. (b)

    18,493        621,180   

Community Trust Bancorp, Inc.

    8,162        274,488   

ConnectOne Bancorp, Inc.

    12,322        234,734   

CU Bancorp (a)

    5,201        97,779   

Customers Bancorp, Inc. (a) (b)

    11,686        209,881   

CVB Financial Corp. (b)

    52,144        748,266   

Eagle Bancorp, Inc. (a)

    11,635        370,226   

Enterprise Financial Services Corp.

    11,259        188,250   

FCB Financial Holdings, Inc. - Class A (a)

    7,488        170,052   

Fidelity Southern Corp.

    7,991        109,477   

 

MSF-159


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

  

Financial Institutions, Inc.

    6,461      $ 145,243   

First Bancorp (b)

    8,573        137,339   

First Bancorp/ Puerto Rico (a)

    52,499        249,370   

First Busey Corp.

    36,777        204,848   

First Citizens BancShares, Inc. - Class A

    3,723        806,513   

First Commonwealth Financial Corp.

    46,645        391,352   

First Community Bancshares, Inc.

    8,470        121,036   

First Connecticut Bancorp, Inc. (b)

    9,833        142,578   

First Financial Bancorp

    25,289        400,325   

First Financial Bankshares, Inc. (b)

    30,535        848,568   

First Financial Corp. (b)

    6,038        186,876   

First Interstate Bancsystem, Inc.

    9,233        245,321   

First Merchants Corp.

    18,171        367,236   

First Midwest Bancorp, Inc.

    38,435        618,419   

First NBC Bank Holding Co. (a)

    7,557        247,492   

First of Long Island Corp. (The)

    3,355        115,580   

FirstMerit Corp.

    78,803        1,386,933   

Flushing Financial Corp.

    15,132        276,462   

FNB Corp. (b)

    81,774        980,470   

German American Bancorp, Inc. (b)

    6,759        174,450   

Glacier Bancorp, Inc. (b)

    36,532        944,718   

Great Southern Bancorp, Inc.

    6,069        184,133   

Guaranty Bancorp (b)

    8,675        117,199   

Hancock Holding Co.

    39,950        1,280,397   

Hanmi Financial Corp.

    17,546        353,727   

Heartland Financial USA, Inc.

    7,703        183,948   

Heritage Financial Corp. (b)

    12,896        204,273   

Home BancShares, Inc.

    26,645        783,629   

HomeTrust Bancshares, Inc. (a) (b)

    10,270        150,045   

Horizon Bancorp

    5,200        119,808   

Hudson Valley Holding Corp. (b)

    7,889        143,185   

Iberiabank Corp.

    15,241        952,715   

Independent Bank Corp.

    11,863        141,407   

Independent Bank Corp. (b)

    11,835        422,746   

Independent Bank Group, Inc.

    4,624        219,409   

International Bancshares Corp.

    27,173        670,222   

Investors Bancorp, Inc.

    175,250        1,775,282   

Lakeland Bancorp, Inc.

    17,320        169,043   

Lakeland Financial Corp.

    6,921        259,537   

MainSource Financial Group, Inc.

    12,295        212,089   

MB Financial, Inc.

    32,522        900,209   

Mercantile Bank Corp.

    8,647        164,725   

Metro Bancorp, Inc. (a)

    7,930        192,302   

National Bank Holdings Corp. - Class A

    21,956        419,799   

National Bankshares, Inc.

    4,218        117,092   

National Penn Bancshares, Inc.

    59,275        575,560   

NBT Bancorp, Inc.

    20,117        453,035   

NewBridge Bancorp (a)

    14,434        109,554   

Northrim BanCorp, Inc.

    3,569        94,329   

OFG Bancorp

    19,884        297,862   

Old National Bancorp

    53,086        688,525   

OmniAmerican Bancorp, Inc.

    7,185        186,738   

Pacific Continental Corp.

    10,841        139,307   

Pacific Premier Bancorp, Inc. (a)

    8,535        119,917   

Park National Corp. (b)

    5,759        434,344   

Park Sterling Corp.

    17,566        116,463   

Peapack Gladstone Financial Corp. (b)

    6,672        116,760   

Banks—(Continued)

  

Penns Woods Bancorp, Inc.

    1,988      83,993   

Peoples Bancorp, Inc.

    5,988        142,215   

Peoples Financial Services Corp. (b)

    3,024        139,074   

Pinnacle Financial Partners, Inc.

    16,419        592,726   

Preferred Bank (a)

    6,777        152,618   

PrivateBancorp, Inc.

    33,931        1,014,876   

Prosperity Bancshares, Inc.

    34,101        1,949,554   

Renasant Corp.

    15,636        422,954   

Republic Bancorp, Inc. - Class A

    5,421        128,423   

S&T Bancorp, Inc. (b)

    15,660        367,384   

Sandy Spring Bancorp, Inc.

    13,670        312,906   

Seacoast Banking Corp. of Florida (a)

    10,342        113,038   

Sierra Bancorp

    6,446        108,035   

Simmons First National Corp. - Class A

    7,124        274,416   

South State Corp.

    12,195        681,944   

Southside Bancshares, Inc. (b)

    9,176        305,102   

Southwest Bancorp, Inc.

    11,069        181,532   

State Bank Financial Corp.

    16,379        265,995   

Sterling Bancorp

    42,278        540,736   

Stock Yards Bancorp, Inc.

    7,089        213,379   

Stonegate Bank

    3,497        90,048   

Suffolk Bancorp

    6,378        123,797   

Susquehanna Bancshares, Inc.

    93,642        936,420   

Talmer Bancorp, Inc. - Class A (b)

    7,188        99,410   

Texas Capital Bancshares, Inc. (a) (b)

    21,043        1,213,760   

Tompkins Financial Corp.

    7,424        327,250   

TowneBank (b)

    12,365        167,917   

Trico Bancshares (b)

    8,062        182,362   

TriState Capital Holdings, Inc. (a)

    11,422        103,598   

Trustmark Corp.

    34,161        786,899   

UMB Financial Corp.

    17,961        979,773   

Umpqua Holdings Corp.

    79,077        1,302,398   

Union Bankshares Corp.

    22,489        519,496   

United Bankshares, Inc. (b)

    32,578        1,007,638   

United Community Banks, Inc.

    24,926        410,282   

Univest Corp. of Pennsylvania

    9,559        179,231   

Valley National Bancorp (b)

    98,554        954,988   

ViewPoint Financial Group, Inc.

    20,388        488,089   

Washington Trust Bancorp, Inc.

    7,713        254,452   

Webster Financial Corp.

    42,401        1,235,565   

WesBanco, Inc.

    12,861        393,418   

West Bancorp, Inc.

    8,036        113,549   

Westamerica Bancorp (b)

    12,513        582,105   

Western Alliance Bancorp (a)

    37,712        901,317   

Wilshire Bancorp, Inc.

    35,291        325,736   

Wintrust Financial Corp.

    22,057        985,286   

Yadkin Financial Corp. (a)

    10,344        187,847   
   

 

 

 
      58,940,506   
   

 

 

 

Beverages—0.1%

  

Boston Beer Co., Inc. (The) - Class A (a) (b)

    4,062        900,789   

Coca-Cola Bottling Co. Consolidated

    2,376        177,321   

National Beverage Corp. (a)

    7,440        145,080   
   

 

 

 
      1,223,190   
   

 

 

 

 

MSF-160


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Biotechnology—4.5%

  

ACADIA Pharmaceuticals, Inc. (a) (b)

    39,405      $ 975,668   

Acceleron Pharma, Inc. (a) (b)

    8,268        250,024   

Achillion Pharmaceuticals, Inc. (a) (b)

    49,415        493,162   

Acorda Therapeutics, Inc. (a)

    20,455        693,015   

Aegerion Pharmaceuticals, Inc. (a)

    14,687        490,252   

Agenus, Inc. (a)

    32,824        102,083   

Agios Pharmaceuticals, Inc. (a) (b)

    6,812        417,916   

AMAG Pharmaceuticals, Inc. (a)

    11,699        373,315   

Anacor Pharmaceuticals, Inc. (a) (b)

    16,580        405,713   

Arena Pharmaceuticals, Inc. (a) (b)

    114,562        480,015   

ARIAD Pharmaceuticals, Inc. (a) (b)

    81,659        440,959   

Array BioPharma, Inc. (a) (b)

    64,536        230,394   

Arrowhead Research Corp. (a) (b)

    25,887        382,351   

Asterias Biotherapeutics, Inc. (a) (b)

    1,716        10,399   

Auspex Pharmaceuticals, Inc. (a)

    5,121        131,456   

Avalanche Biotechnologies, Inc. (a)

    5,509        188,353   

BioCryst Pharmaceuticals, Inc. (a)

    34,840        340,735   

Bluebird Bio, Inc. (a)

    10,986        394,178   

Celldex Therapeutics, Inc. (a) (b)

    45,622        591,261   

Cepheid, Inc. (a) (b)

    34,332        1,511,638   

Chimerix, Inc. (a) (b)

    13,522        373,478   

Clovis Oncology, Inc. (a) (b)

    12,230        554,753   

CTI BioPharma Corp. (a) (b)

    70,525        170,671   

Dendreon Corp. (a)

    84,483        121,656   

Durata Therapeutics, Inc. (a) (b)

    7,796        98,853   

Dyax Corp. (a)

    69,204        700,344   

Dynavax Technologies Corp. (a) (b)

    137,095        196,046   

Emergent Biosolutions, Inc. (a)

    13,410        285,767   

Enanta Pharmaceuticals, Inc. (a)

    5,235        207,149   

Epizyme, Inc. (a) (b)

    6,547        177,489   

Exact Sciences Corp. (a) (b)

    38,591        747,894   

Exelixis, Inc. (a) (b)

    97,859        149,724   

Five Prime Therapeutics, Inc. (a) (b)

    8,981        105,347   

Foundation Medicine, Inc. (a) (b)

    7,156        135,678   

Galena Biopharma, Inc. (a) (b)

    62,954        129,685   

Genomic Health, Inc. (a) (b)

    8,810        249,411   

Geron Corp. (a) (b)

    81,988        163,976   

Halozyme Therapeutics, Inc. (a) (b)

    47,510        432,341   

Heron Therapeutics, Inc. (a) (b)

    14,592        121,551   

Hyperion Therapeutics, Inc. (a)

    6,976        175,935   

ImmunoGen, Inc. (a) (b)

    44,397        470,164   

Immunomedics, Inc. (a) (b)

    39,907        148,454   

Infinity Pharmaceuticals, Inc. (a) (b)

    24,496        328,736   

Inovio Pharmaceuticals, Inc. (a) (b)

    26,639        262,394   

Insmed, Inc. (a)

    25,006        326,328   

Insys Therapeutics, Inc. (a) (b)

    4,440        172,183   

Intrexon Corp. (a) (b)

    17,705        328,959   

Ironwood Pharmaceuticals, Inc. (a) (b)

    58,760        761,236   

Isis Pharmaceuticals, Inc. (a) (b)

    56,969        2,212,106   

Karyopharm Therapeutics, Inc. (a) (b)

    6,236        217,886   

Keryx Biopharmaceuticals, Inc. (a) (b)

    46,107        633,971   

Kite Pharma, Inc. (a)

    6,909        196,907   

KYTHERA Biopharmaceuticals, Inc. (a) (b)

    8,707        285,241   

Lexicon Pharmaceuticals, Inc. (a) (b)

    120,249        169,551   

Ligand Pharmaceuticals, Inc. (a) (b)

    10,234        480,896   

MacroGenics, Inc. (a)

    10,125        211,613   

MannKind Corp. (a) (b)

    111,868        661,140   

Biotechnology—(Continued)

  

Merrimack Pharmaceuticals, Inc. (a) (b)

    46,931      412,054   

MiMedx Group, Inc. (a) (b)

    49,469        352,714   

Momenta Pharmaceuticals, Inc. (a)

    23,710        268,871   

Navidea Biopharmaceuticals, Inc. (a) (b)

    84,045        110,939   

Neuralstem, Inc. (a) (b)

    35,499        116,437   

Neurocrine Biosciences, Inc. (a) (b)

    39,152        613,512   

NewLink Genetics Corp. (a) (b)

    8,942        191,538   

Northwest Biotherapeutics, Inc. (a) (b)

    18,629        93,704   

Novavax, Inc. (a) (b)

    118,690        494,937   

NPS Pharmaceuticals, Inc. (a)

    51,119        1,329,094   

OncoMed Pharmaceuticals, Inc. (a) (b)

    6,539        123,783   

Ophthotech Corp. (a)

    6,374        248,140   

Opko Health, Inc. (a) (b)

    95,942        816,466   

Orexigen Therapeutics, Inc. (a) (b)

    58,227        248,047   

Organovo Holdings, Inc. (a) (b)

    37,857        241,149   

Osiris Therapeutics, Inc. (a) (b)

    9,827        123,722   

OvaScience, Inc. (a) (b)

    8,516        141,366   

PDL BioPharma, Inc. (b)

    82,274        614,587   

Peregrine Pharmaceuticals, Inc. (a) (b)

    94,929        129,103   

Portola Pharmaceuticals, Inc. (a) (b)

    18,273        461,941   

Progenics Pharmaceuticals, Inc. (a) (b)

    32,263        167,445   

Prothena Corp. plc (a) (b)

    13,701        303,614   

PTC Therapeutics, Inc. (a) (b)

    11,147        490,579   

Puma Biotechnology, Inc. (a) (b)

    11,332        2,703,475   

Raptor Pharmaceutical Corp. (a) (b)

    30,816        295,525   

Receptos, Inc. (a)

    9,337        579,921   

Repligen Corp. (a)

    18,018        358,738   

Retrophin, Inc. (a) (b)

    12,865        116,042   

Sage Therapeutics, Inc. (a)

    5,265        165,848   

Sangamo Biosciences, Inc. (a) (b)

    31,616        340,979   

Sarepta Therapeutics, Inc. (a) (b)

    19,766        417,063   

Spectrum Pharmaceuticals, Inc. (a) (b)

    30,932        251,786   

Sunesis Pharmaceuticals, Inc. (a) (b)

    25,441        181,649   

Synageva BioPharma Corp. (a) (b)

    10,577        727,486   

Synergy Pharmaceuticals, Inc. (a) (b)

    42,569        118,555   

Synta Pharmaceuticals Corp. (a) (b)

    42,425        127,699   

TESARO, Inc. (a)

    9,695        260,989   

TG Therapeutics, Inc. (a)

    12,383        132,127   

Threshold Pharmaceuticals, Inc. (a) (b)

    24,847        89,698   

Ultragenyx Pharmaceutical, Inc. (a) (b)

    3,657        206,986   

Vanda Pharmaceuticals, Inc. (a) (b)

    15,947        165,530   

XOMA Corp. (a) (b)

    41,315        173,936   

ZIOPHARM Oncology, Inc. (a) (b)

    38,299        101,109   
   

 

 

 
      37,677,283   
   

 

 

 

Building Products—0.7%

  

AAON, Inc. (b)

    18,074        307,439   

Advanced Drainage Systems, Inc. (a)

    11,087        232,273   

American Woodmark Corp. (a)

    5,650        208,259   

Apogee Enterprises, Inc.

    13,684        544,623   

Builders FirstSource, Inc. (a) (b)

    25,665        139,874   

Gibraltar Industries, Inc. (a)

    14,856        203,379   

Griffon Corp.

    16,917        192,685   

Insteel Industries, Inc.

    9,958        204,736   

Masonite International Corp. (a)

    14,468        801,238   

NCI Building Systems, Inc. (a) (b)

    14,301        277,439   

 

MSF-161


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Building Products—(Continued)

  

Nortek, Inc. (a) (b)

    4,481      $ 333,834   

Patrick Industries, Inc. (a)

    3,662        155,122   

PGT, Inc. (a)

    24,381        227,231   

Ply Gem Holdings, Inc. (a) (b)

    11,295        122,438   

Quanex Building Products Corp.

    17,697        320,139   

Simpson Manufacturing Co., Inc.

    20,877        608,565   

Trex Co., Inc. (a) (b)

    15,029        519,552   

Universal Forest Products, Inc.

    10,498        448,370   
   

 

 

 
      5,847,196   
   

 

 

 

Capital Markets—1.5%

  

Actua Corp. (a)

    20,148        322,771   

Arlington Asset Investment Corp. - Class A (b)

    10,056        255,523   

BGC Partners, Inc. - Class A

    86,085        639,611   

Calamos Asset Management, Inc. - Class A

    11,175        125,942   

Cohen & Steers, Inc. (b)

    9,693        372,599   

CorEnergy Infrastructure Trust, Inc.

    12,259        91,697   

Cowen Group, Inc. - Class A (a) (b)

    58,121        217,954   

Diamond Hill Investment Group, Inc. (b)

    1,546        190,235   

Evercore Partners, Inc. - Class A

    16,148        758,956   

FBR & Co. (a)

    5,282        145,361   

Financial Engines, Inc. (b)

    24,757        847,061   

FXCM, Inc. - Class A (b)

    22,823        361,745   

GAMCO Investors, Inc. - Class A

    3,184        225,236   

GFI Group, Inc.

    39,099        211,526   

Greenhill & Co., Inc. (b)

    13,790        641,097   

HFF, Inc. - Class A

    15,189        439,721   

International FCStone, Inc. (a) (b)

    7,668        132,810   

Investment Technology Group, Inc. (a)

    17,949        282,876   

Janus Capital Group, Inc. (b)

    69,578        1,011,664   

KCG Holdings, Inc. - Class A (a)

    18,746        189,897   

Ladenburg Thalmann Financial Services, Inc. (a) (b)

    51,090        216,622   

Manning & Napier, Inc.

    8,917        149,716   

Marcus & Millichap, Inc. (a)

    4,271        129,240   

Moelis & Co. (b)

    2,712        92,615   

Oppenheimer Holdings, Inc. - Class A

    5,749        116,417   

Piper Jaffray Cos. (a)

    8,439        440,853   

RCS Capital Corp. - Class A

    5,004        112,690   

Safeguard Scientifics, Inc. (a) (b)

    11,857        218,169   

Stifel Financial Corp. (a)

    31,775        1,489,930   

SWS Group, Inc. (a)

    16,337        112,562   

Virtus Investment Partners, Inc.

    3,430        595,791   

Walter Investment Management Corp. (a) (b)

    19,069        418,565   

Westwood Holdings Group, Inc.

    3,352        190,025   

WisdomTree Investments, Inc. (a) (b)

    50,887        579,094   
   

 

 

 
      12,326,571   
   

 

 

 

Chemicals—2.2%

  

A. Schulman, Inc.

    15,164        548,330   

Advanced Emissions Solutions, Inc. (a) (b)

    9,564        203,426   

American Vanguard Corp. (b)

    14,887        166,734   

Axiall Corp.

    33,226        1,189,823   

Balchem Corp.

    15,297        865,351   

Calgon Carbon Corp. (a)

    26,333        510,334   

Chase Corp.

    3,533        109,947   

Chemtura Corp. (a) (b)

    43,508        1,015,042   

Chemicals—(Continued)

  

Ferro Corp. (a)

    34,923      506,034   

Flotek Industries, Inc. (a) (b)

    26,380        687,727   

FutureFuel Corp.

    10,195        121,219   

Hawkins, Inc.

    4,778        171,817   

HB Fuller Co.

    23,919        949,584   

Innophos Holdings, Inc.

    10,139        558,558   

Innospec, Inc.

    12,490        448,391   

Intrepid Potash, Inc. (a) (b)

    27,693        427,857   

Koppers Holdings, Inc.

    8,569        284,148   

Kraton Performance Polymers, Inc. (a)

    16,524        294,292   

Kronos Worldwide, Inc. (b)

    10,959        151,015   

Landec Corp. (a)

    14,010        171,622   

LSB Industries, Inc. (a)

    9,253        330,425   

Minerals Technologies, Inc.

    16,901        1,042,961   

Olin Corp. (b)

    38,118        962,479   

OM Group, Inc.

    16,641        431,834   

OMNOVA Solutions, Inc. (a)

    24,497        131,549   

PolyOne Corp.

    45,404        1,615,474   

Quaker Chemical Corp.

    6,591        472,509   

Rentech, Inc. (a) (b)

    115,307        197,175   

Senomyx, Inc. (a) (b)

    22,054        180,843   

Sensient Technologies Corp.

    24,300        1,272,105   

Stepan Co.

    8,612        382,201   

Taminco Corp. (a)

    14,400        375,840   

Trecora Resources (a)

    10,819        133,939   

Tredegar Corp.

    13,367        246,086   

Trinseo S.A. (a)

    10,304        162,082   

Tronox, Ltd. - Class A

    30,359        790,852   

Zep, Inc.

    10,762        150,883   
   

 

 

 
      18,260,488   
   

 

 

 

Commercial Services & Supplies—2.0%

  

ABM Industries, Inc.

    27,975        718,678   

ACCO Brands Corp. (a)

    56,671        391,030   

ARC Document Solutions, Inc. (a)

    21,379        173,170   

Brady Corp. - Class A

    22,732        510,106   

Brink’s Co. (The)

    24,924        599,173   

Ceco Environmental Corp.

    9,240        123,816   

Civeo Corp.

    45,952        533,503   

Deluxe Corp.

    23,936        1,320,310   

Ennis, Inc.

    14,123        186,000   

G&K Services, Inc. - Class A

    9,849        545,437   

Healthcare Services Group, Inc. (b)

    34,663        991,708   

Herman Miller, Inc.

    29,708        886,784   

HNI Corp. (b)

    22,107        795,631   

InnerWorkings, Inc. (a) (b)

    18,030        145,863   

Interface, Inc.

    31,333        505,715   

Kimball International, Inc. - Class B

    18,813        283,136   

Knoll, Inc.

    20,989        363,319   

Matthews International Corp. - Class A (b)

    15,251        669,366   

McGrath RentCorp (b)

    13,375        457,425   

Mobile Mini, Inc.

    22,905        800,988   

MSA Safety, Inc.

    14,087        695,898   

Multi-Color Corp. (b)

    6,895        313,584   

Performant Financial Corp. (a)

    12,041        97,291   

Quad/Graphics, Inc.

    13,076        251,713   

 

MSF-162


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Commercial Services & Supplies—(Continued)

  

SP Plus Corp. (a) (b)

    8,683      $ 164,630   

Steelcase, Inc. - Class A

    41,383        669,991   

Team, Inc. (a)

    10,055        381,185   

Tetra Tech, Inc. (c)

    29,743        742,980   

U.S. Ecology, Inc.

    10,067        470,733   

UniFirst Corp.

    6,704        647,539   

United Stationers, Inc. (b)

    18,238        685,202   

Viad Corp.

    11,786        243,381   

West Corp.

    18,891        556,529   
   

 

 

 
      16,921,814   
   

 

 

 

Communications Equipment—1.5%

  

ADTRAN, Inc.

    26,122        536,285   

Applied Optoelectronics, Inc. (a) (b)

    7,577        121,990   

Aruba Networks, Inc. (a)

    50,397        1,087,567   

Bel Fuse, Inc. - Class B

    5,512        136,367   

Black Box Corp.

    6,291        146,706   

CalAmp Corp. (a) (b)

    19,380        341,476   

Calix, Inc. (a)

    19,494        186,557   

Ciena Corp. (a) (b)

    51,644        863,488   

Comtech Telecommunications Corp.

    8,068        299,726   

Digi International, Inc. (a)

    14,316        107,370   

Emulex Corp. (a)

    40,667        200,895   

Extreme Networks, Inc. (a)

    49,338        236,329   

Finisar Corp. (a) (b)

    47,662        792,619   

Harmonic, Inc. (a)

    48,063        304,719   

Infinera Corp. (a) (b)

    56,505        602,908   

InterDigital, Inc. (b)

    19,442        774,180   

Ixia (a)

    28,748        262,757   

KVH Industries, Inc. (a)

    8,641        97,816   

NETGEAR, Inc. (a)

    17,479        546,219   

Oplink Communications, Inc.

    10,830        182,161   

Plantronics, Inc.

    20,899        998,554   

Polycom, Inc. (a)

    67,951        834,778   

Procera Networks, Inc. (a) (b)

    10,321        98,875   

Ruckus Wireless, Inc. (a) (b)

    32,295        431,461   

ShoreTel, Inc. (a)

    28,961        192,591   

Sonus Networks, Inc. (a) (b)

    111,897        382,688   

Ubiquiti Networks, Inc. (a) (b)

    14,660        550,190   

ViaSat, Inc. (a) (b)

    19,916        1,097,770   
   

 

 

 
      12,415,042   
   

 

 

 

Construction & Engineering—0.8%

  

Aegion Corp. (a) (b)

    20,173        448,849   

Argan, Inc.

    6,140        204,953   

Comfort Systems USA, Inc.

    19,376        262,545   

Dycom Industries, Inc. (a)

    16,749        514,362   

EMCOR Group, Inc.

    33,263        1,329,189   

Furmanite Corp. (a)

    19,494        131,779   

Granite Construction, Inc.

    20,021        636,868   

Great Lakes Dredge & Dock Corp. (a)

    30,172        186,463   

Layne Christensen Co. (a) (b)

    10,438        101,353   

MasTec, Inc. (a) (b)

    32,059        981,647   

MYR Group, Inc. (a)

    10,017        241,209   

Northwest Pipe Co. (a)

    4,794        163,475   

Orion Marine Group, Inc. (a)

    14,575        145,459   

Pike Corp. (a)

    13,447        159,885   

Construction & Engineering—(Continued)

  

Primoris Services Corp.

    17,845      478,960   

Tutor Perini Corp. (a)

    19,192        506,669   
   

 

 

 
      6,493,665   
   

 

 

 

Construction Materials—0.1%

  

Headwaters, Inc. (a)

    38,364        481,085   

U.S. Concrete, Inc. (a) (b)

    7,217        188,652   
   

 

 

 
      669,737   
   

 

 

 

Consumer Finance—0.6%

  

Cash America International, Inc. (b)

    14,003        613,331   

Credit Acceptance Corp. (a)

    3,612        455,365   

Encore Capital Group, Inc. (a) (b)

    12,804        567,345   

Ezcorp, Inc. - Class A (a) (b)

    24,505        242,845   

First Cash Financial Services, Inc. (a)

    14,639        819,491   

Green Dot Corp. - Class A (a)

    15,649        330,820   

Nelnet, Inc. - Class A

    10,320        444,689   

Portfolio Recovery Associates, Inc. (a) (b)

    23,875        1,246,991   

Regional Management Corp. (a)

    5,555        99,712   

Springleaf Holdings, Inc. (a)

    11,201        357,648   

World Acceptance Corp. (a) (b)

    3,560        240,300   
   

 

 

 
      5,418,537   
   

 

 

 

Containers & Packaging—0.4%

  

Berry Plastics Group, Inc. (a)

    44,247        1,116,794   

Graphic Packaging Holding Co. (a)

    160,202        1,991,311   

Myers Industries, Inc.

    13,337        235,265   
   

 

 

 
      3,343,370   
   

 

 

 

Distributors—0.2%

  

Core-Mark Holding Co., Inc.

    11,864        629,267   

Pool Corp.

    21,723        1,171,304   

VOXX International Corp. (a)

    10,790        100,347   
   

 

 

 
      1,900,918   
   

 

 

 

Diversified Consumer Services—0.9%

  

American Public Education, Inc. (a) (b)

    9,943        268,362   

Ascent Capital Group, Inc. - Class A (a) (b)

    6,860        412,972   

Bridgepoint Education, Inc. (a)

    9,743        108,732   

Bright Horizons Family Solutions, Inc. (a)

    15,292        643,182   

Capella Education Co.

    5,633        352,626   

Career Education Corp. (a)

    30,241        153,624   

Carriage Services, Inc.

    9,414        163,145   

Chegg, Inc. (a) (b)

    37,968        236,920   

Grand Canyon Education, Inc. (a)

    22,843        931,309   

Houghton Mifflin Harcourt Co. (a)

    53,858        1,047,000   

K12, Inc. (a)

    17,337        276,699   

LifeLock, Inc. (a) (b)

    40,242        575,058   

Regis Corp. (b)

    24,117        384,907   

Sotheby’s (b)

    30,046        1,073,243   

Steiner Leisure, Ltd. (a)

    7,524        282,827   

Strayer Education, Inc. (a)

    5,524        330,777   

Universal Technical Institute, Inc.

    11,178        104,514   

Weight Watchers International, Inc. (a) (b)

    14,219        390,169   
   

 

 

 
      7,736,066   
   

 

 

 

 

MSF-163


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Financial Services—0.3%

  

MarketAxess Holdings, Inc.

    17,813      $ 1,101,912   

NewStar Financial, Inc. (a)

    14,397        161,822   

PHH Corp. (a)

    28,995        648,328   

PICO Holdings, Inc. (a)

    12,147        242,333   
   

 

 

 
      2,154,395   
   

 

 

 

Diversified Telecommunication Services—0.6%

  

8x8, Inc. (a) (b)

    43,269        289,037   

Atlantic Tele-Network, Inc.

    4,754        256,241   

Cincinnati Bell, Inc. (a)

    102,081        344,013   

Cogent Communications Holdings, Inc.

    22,011        739,790   

Consolidated Communications Holdings, Inc. (b)

    19,216        481,361   

Enventis Corp.

    6,773        123,133   

Fairpoint Communications, Inc. (a)

    11,602        176,002   

General Communication, Inc. - Class A (a)

    16,537        180,419   

Globalstar, Inc. (a) (b)

    125,841        460,578   

Hawaiian Telcom Holdco, Inc. (a) (b)

    6,401        164,442   

IDT Corp. - Class B

    8,438        135,514   

inContact, Inc. (a) (b)

    27,382        238,086   

Inteliquent, Inc.

    16,025        199,511   

Intelsat S.A. (a) (b)

    13,533        231,956   

Iridium Communications, Inc. (a) (b)

    40,171        355,513   

Lumos Networks Corp.

    8,454        137,377   

ORBCOMM, Inc. (a)

    19,477        111,993   

Premiere Global Services, Inc. (a)

    24,982        299,035   

Vonage Holdings Corp. (a)

    74,697        245,006   
   

 

 

 
      5,169,007   
   

 

 

 

Electric Utilities—1.2%

  

ALLETE, Inc.

    19,652        872,352   

Cleco Corp.

    29,040        1,398,276   

El Paso Electric Co.

    18,779        686,372   

Empire District Electric Co. (The)

    22,399        540,936   

IDACORP, Inc. (b)

    23,679        1,269,431   

MGE Energy, Inc.

    16,879        628,911   

NRG Yield, Inc. - Class A (b)

    11,593        545,451   

Otter Tail Corp. (b)

    18,873        503,343   

PNM Resources, Inc.

    37,169        925,880   

Portland General Electric Co. (b)

    38,989        1,252,327   

UIL Holdings Corp. (b)

    26,201        927,515   

Unitil Corp.

    7,429        230,968   
   

 

 

 
      9,781,762   
   

 

 

 

Electrical Equipment—0.9%

  

AZZ, Inc. (b)

    13,326        556,627   

Capstone Turbine Corp. (a) (b)

    165,155        176,716   

Encore Wire Corp.

    10,537        390,817   

EnerSys (b)

    22,957        1,346,199   

Enphase Energy, Inc. (a)

    9,620        144,204   

Franklin Electric Co., Inc.

    23,378        812,152   

FuelCell Energy, Inc. (a) (b)

    111,070        232,136   

Generac Holdings, Inc. (a) (b)

    33,669        1,364,941   

General Cable Corp.

    24,951        376,261   

Global Power Equipment Group, Inc.

    8,163        121,629   

GrafTech International, Ltd. (a) (b)

    58,953        270,005   

Plug Power, Inc. (a) (b)

    78,410        359,902   

Electrical Equipment—(Continued)

  

Polypore International, Inc. (a) (b)

    21,441      834,269   

Powell Industries, Inc. (b)

    4,404        179,947   

Power Solutions International, Inc. (a) (b)

    2,293        158,217   

PowerSecure International, Inc. (a) (b)

    9,992        95,723   

Thermon Group Holdings, Inc. (a)

    15,847        386,984   
   

 

 

 
      7,806,729   
   

 

 

 

Electronic Equipment, Instruments & Components—2.5%

  

Anixter International, Inc.

    13,642        1,157,387   

Badger Meter, Inc. (b)

    6,820        344,069   

Belden, Inc.

    21,125        1,352,423   

Benchmark Electronics, Inc. (a)

    26,588        590,519   

Checkpoint Systems, Inc. (a)

    21,005        256,891   

Cognex Corp. (a)

    42,029        1,692,508   

Coherent, Inc. (a)

    12,319        756,017   

CTS Corp.

    18,070        287,132   

Daktronics, Inc.

    18,513        227,525   

DTS, Inc. (a)

    9,298        234,775   

Electro Rent Corp.

    9,062        124,784   

Fabrinet (a)

    17,507        255,602   

FARO Technologies, Inc. (a)

    8,551        433,963   

FEI Co.

    21,007        1,584,348   

GSI Group, Inc. (a)

    18,739        215,311   

II-VI, Inc. (a)

    27,302        321,345   

Insight Enterprises, Inc. (a) (c)

    19,337        437,596   

InvenSense, Inc. (a) (b)

    34,992        690,392   

Itron, Inc. (a)

    19,812        778,810   

Kemet Corp. (a) (b)

    22,874        94,241   

Littelfuse, Inc.

    11,202        954,186   

Maxwell Technologies, Inc. (a) (b)

    14,377        125,367   

Measurement Specialties, Inc. (a)

    7,862        673,066   

Mercury Systems, Inc. (a)

    15,581        171,547   

Methode Electronics, Inc.

    19,169        706,761   

MTS Systems Corp.

    7,482        510,721   

Newport Corp. (a)

    20,202        357,979   

OSI Systems, Inc. (a)

    10,001        634,864   

Park Electrochemical Corp.

    10,569        248,900   

PC Connection, Inc.

    5,366        115,208   

Plexus Corp. (a) (c)

    17,502        646,349   

RealD, Inc. (a)

    18,684        175,069   

Rofin-Sinar Technologies, Inc. (a) (b)

    15,227        351,135   

Rogers Corp. (a)

    8,965        490,923   

Sanmina Corp. (a)

    38,743        808,179   

ScanSource, Inc. (a)

    14,516        502,108   

SYNNEX Corp. (a)

    13,438        868,498   

TTM Technologies, Inc. (a) (b)

    26,923        183,346   

Universal Display Corp. (a) (b)

    21,034        686,550   

Vishay Precision Group, Inc. (a)

    6,727        100,501   
   

 

 

 
      21,146,895   
   

 

 

 

Energy Equipment & Services—1.7%

  

Basic Energy Services, Inc. (a)

    14,197        307,933   

Bristow Group, Inc.

    17,044        1,145,357   

C&J Energy Services, Inc. (a)

    23,819        727,670   

CARBO Ceramics, Inc. (b)

    9,345        553,504   

CHC Group, Ltd. (a) (b)

    13,415        75,124   

 

MSF-164


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—(Continued)

  

Era Group, Inc. (a)

    10,332      $ 224,721   

Exterran Holdings, Inc. (b)

    28,971        1,283,705   

Forum Energy Technologies, Inc. (a)

    29,182        893,261   

Geospace Technologies Corp. (a) (b)

    6,866        241,340   

Gulf Island Fabrication, Inc.

    7,812        134,366   

GulfMark Offshore, Inc. - Class A

    13,516        423,727   

Helix Energy Solutions Group, Inc. (a)

    52,891        1,166,776   

Hercules Offshore, Inc. (a) (b)

    82,886        182,349   

Hornbeck Offshore Services, Inc. (a)

    18,165        594,540   

ION Geophysical Corp. (a) (b)

    64,763        180,689   

Key Energy Services, Inc. (a)

    64,648        312,896   

Matrix Service Co. (a)

    14,196        342,408   

McDermott International, Inc. (a) (b)

    116,414        665,888   

Natural Gas Services Group, Inc. (a)

    6,643        159,897   

Newpark Resources, Inc. (a) (b)

    42,672        530,840   

Nordic American Offshore, Ltd. (a)

    13,678        241,006   

North Atlantic Drilling, Ltd.

    34,443        229,390   

Nuverra Environmental Solutions, Inc. (a) (b)

    8,304        122,484   

Parker Drilling Co. (a)

    61,149        302,076   

PHI, Inc. (a)

    6,426        264,430   

Pioneer Energy Services Corp. (a)

    31,825        446,187   

RigNet, Inc. (a)

    5,320        215,194   

SEACOR Holdings, Inc. (a)

    10,116        756,677   

Tesco Corp. (b)

    16,366        324,865   

TETRA Technologies, Inc. (a)

    39,068        422,716   

Vantage Drilling Co. (a) (b)

    103,900        131,953   

Willbros Group, Inc. (a)

    22,413        186,700   
   

 

 

 
      13,790,669   
   

 

 

 

Food & Staples Retailing—0.9%

  

Andersons, Inc. (The)

    13,251        833,223   

Casey’s General Stores, Inc. (b)

    18,142        1,300,781   

Chefs’ Warehouse, Inc. (The) (a) (b)

    8,577        139,462   

Fresh Market, Inc. (The) (a) (b)

    21,412        747,921   

Ingles Markets, Inc. - Class A

    6,173        146,238   

Pantry, Inc. (The) (a)

    12,441        251,682   

Pricesmart, Inc. (b)

    8,697        744,811   

SpartanNash Co.

    19,948        387,989   

SUPERVALU, Inc. (a)

    101,674        908,966   

United Natural Foods, Inc. (a)

    23,483        1,443,265   

Weis Markets, Inc.

    6,205        242,181   
   

 

 

 
      7,146,519   
   

 

 

 

Food Products—1.5%

  

Annie’s, Inc. (a)

    8,858        406,582   

B&G Foods, Inc.

    26,523        730,709   

Boulder Brands, Inc. (a)

    31,712        432,235   

Cal-Maine Foods, Inc.

    7,468        667,116   

Calavo Growers, Inc.

    6,124        276,437   

Chiquita Brands International, Inc. (a)

    24,259        344,478   

Darling Ingredients, Inc. (a)

    80,172        1,468,751   

Dean Foods Co. (b)

    46,603        617,490   

Diamond Foods, Inc. (a) (b)

    11,661        333,621   

Farmer Bros Co. (a)

    4,203        121,677   

Fresh Del Monte Produce, Inc.

    16,577        528,806   

Inventure Foods, Inc. (a)

    8,675        112,428   

Food Products—(Continued)

  

J&J Snack Foods Corp.

    7,446      696,648   

John B Sanfilippo & Son, Inc.

    4,642        150,215   

Lancaster Colony Corp.

    9,483        808,710   

Limoneira Co. (b)

    4,954        117,360   

Omega Protein Corp. (a)

    11,349        141,863   

Post Holdings, Inc. (a) (b)

    22,440        744,559   

Sanderson Farms, Inc. (b)

    11,435        1,005,708   

Seaboard Corp. (a)

    150        401,249   

Seneca Foods Corp. - Class A (a)

    4,612        131,903   

Snyders-Lance, Inc.

    22,934        607,751   

Tootsie Roll Industries, Inc. (b)

    10,237        286,534   

TreeHouse Foods, Inc. (a)

    20,661        1,663,210   
   

 

 

 
      12,796,040   
   

 

 

 

Gas Utilities—1.0%

  

Chesapeake Utilities Corp. (b)

    6,975        290,579   

Laclede Group, Inc. (The)

    20,981        973,518   

New Jersey Resources Corp.

    21,213        1,071,469   

Northwest Natural Gas Co. (b)

    14,144        597,584   

ONE Gas, Inc. (b)

    25,410        870,293   

Piedmont Natural Gas Co., Inc.

    38,534        1,292,045   

South Jersey Industries, Inc.

    15,904        848,637   

Southwest Gas Corp.

    22,160        1,076,533   

WGL Holdings, Inc.

    24,052        1,013,070   
   

 

 

 
      8,033,728   
   

 

 

 

Health Care Equipment & Supplies—3.0%

  

Abaxis, Inc. (b)

    10,347        524,696   

ABIOMED, Inc. (a) (b)

    19,803        491,708   

Accuray, Inc. (a) (b)

    37,218        270,203   

Analogic Corp.

    6,542        418,426   

AngioDynamics, Inc. (a)

    13,423        184,164   

Anika Therapeutics, Inc. (a)

    7,087        259,809   

Antares Pharma, Inc. (a) (b)

    63,955        117,038   

AtriCure, Inc. (a)

    16,421        241,717   

Atrion Corp. (b)

    874        266,579   

Cantel Medical Corp.

    16,951        582,775   

Cardiovascular Systems, Inc. (a)

    12,840        303,409   

Cerus Corp. (a) (b)

    39,154        157,008   

CONMED Corp.

    14,206        523,349   

CryoLife, Inc.

    17,220        169,961   

Cyberonics, Inc. (a) (b)

    13,162        673,368   

Cynosure, Inc. - Class A (a)

    11,463        240,723   

Derma Sciences, Inc. (a) (b)

    10,829        90,206   

DexCom, Inc. (a) (b)

    36,695        1,467,433   

Endologix, Inc. (a) (b)

    32,408        343,525   

Exactech, Inc. (a)

    5,322        121,821   

GenMark Diagnostics, Inc. (a) (b)

    19,362        173,677   

Globus Medical, Inc. - Class A (a)

    32,393        637,170   

Greatbatch, Inc. (a)

    12,931        550,990   

Haemonetics Corp. (a)

    26,522        926,148   

HeartWare International, Inc. (a) (b)

    8,570        665,289   

ICU Medical, Inc. (a)

    6,398        410,624   

Insulet Corp. (a) (b)

    27,643        1,018,645   

Integra LifeSciences Holdings Corp. (a)

    12,903        640,505   

Invacare Corp.

    15,930        188,133   

 

MSF-165


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—(Continued)

  

LDR Holding Corp. (a)

    8,441      $ 262,768   

Masimo Corp. (a) (b)

    25,075        533,596   

Meridian Bioscience, Inc. (b)

    22,552        398,945   

Merit Medical Systems, Inc. (a)

    21,638        257,059   

Natus Medical, Inc. (a)

    16,472        486,089   

Neogen Corp. (a)

    17,828        704,206   

NuVasive, Inc. (a)

    23,909        833,707   

NxStage Medical, Inc. (a)

    30,508        400,570   

OraSure Technologies, Inc. (a)

    29,491        212,925   

Orthofix International NV (a)

    9,598        297,154   

Oxford Immunotec Global plc (a)

    7,213        110,143   

Quidel Corp. (a) (b)

    13,903        373,574   

Rockwell Medical, Inc. (a) (b)

    22,438        205,083   

RTI Surgical, Inc. (a)

    30,534        145,953   

Spectranetics Corp. (The) (a) (b)

    21,548        572,530   

STAAR Surgical Co. (a) (b)

    19,419        206,424   

STERIS Corp.

    28,172        1,520,161   

SurModics, Inc. (a) (b)

    5,420        98,427   

Symmetry Medical, Inc. (a)

    21,060        212,495   

Thoratec Corp. (a)

    28,903        772,577   

Tornier NV (a)

    17,693        422,863   

Unilife Corp. (a) (b)

    55,575        127,545   

Utah Medical Products, Inc.

    2,002        97,618   

Vascular Solutions, Inc. (a)

    9,953        245,839   

Volcano Corp. (a) (b)

    27,732        295,068   

West Pharmaceutical Services, Inc.

    35,092        1,570,718   

Wright Medical Group, Inc. (a)

    24,578        744,713   

Zeltiq Aesthetics, Inc. (a) (b)

    14,709        332,865   
   

 

 

 
      25,100,714   
   

 

 

 

Health Care Providers & Services—2.4%

  

Acadia Healthcare Co., Inc. (a) (b)

    21,047        1,020,780   

Air Methods Corp. (a) (b)

    18,730        1,040,452   

Almost Family, Inc. (a)

    4,667        126,802   

Amedisys, Inc. (a) (b)

    13,972        281,815   

AMN Healthcare Services, Inc. (a)

    23,983        376,533   

Amsurg Corp. (a)

    20,846        1,043,342   

Bio-Reference Labs, Inc. (a) (b)

    12,716        356,811   

BioScrip, Inc. (a) (b)

    29,688        205,144   

Capital Senior Living Corp. (a)

    14,260        302,740   

Chemed Corp.

    8,215        845,324   

Corvel Corp. (a)

    5,325        181,316   

Cross Country Healthcare, Inc. (a)

    16,495        153,239   

Ensign Group, Inc. (The)

    9,034        314,383   

ExamWorks Group, Inc. (a)

    17,240        564,610   

Gentiva Health Services, Inc. (a)

    16,117        270,443   

Hanger, Inc. (a)

    17,356        356,145   

HealthEquity, Inc. (a)

    9,396        172,041   

HealthSouth Corp.

    42,069        1,552,346   

Healthways, Inc. (a) (b)

    13,218        211,752   

IPC The Hospitalist Co., Inc. (a)

    9,377        419,996   

Kindred Healthcare, Inc.

    31,901        618,879   

Landauer, Inc. (b)

    5,165        170,497   

LHC Group, Inc. (a)

    6,847        158,850   

Magellan Health, Inc. (a)

    13,774        753,851   

Molina Healthcare, Inc. (a)

    14,027        593,342   

Health Care Providers & Services—(Continued)

  

MWI Veterinary Supply, Inc. (a)

    6,571      975,136   

National Healthcare Corp.

    5,246        291,205   

Owens & Minor, Inc. (b)

    31,521        1,031,998   

PharMerica Corp. (a)

    13,843        338,185   

Providence Service Corp. (The) (a)

    4,961        240,013   

RadNet, Inc. (a)

    17,918        118,617   

Select Medical Holdings Corp.

    38,917        468,172   

Surgical Care Affiliates, Inc. (a) (b)

    7,471        199,700   

Team Health Holdings, Inc. (a)

    34,473        1,999,089   

Triple-S Management Corp. - Class B (a)

    12,074        240,273   

U.S. Physical Therapy, Inc.

    6,011        212,729   

Universal American Corp. (a)

    20,509        164,892   

WellCare Health Plans, Inc. (a)

    20,658        1,246,504   
   

 

 

 
      19,617,946   
   

 

 

 

Health Care Technology—0.5%

  

Computer Programs & Systems, Inc. (b)

    5,856        336,661   

HealthStream, Inc. (a) (b)

    10,052        241,349   

HMS Holdings Corp. (a) (b)

    44,959        847,477   

MedAssets, Inc. (a)

    31,309        648,723   

Medidata Solutions, Inc. (a)

    26,770        1,185,643   

Omnicell, Inc. (a)

    18,760        512,711   

Quality Systems, Inc.

    24,814        341,689   

Vocera Communications, Inc. (a) (b)

    11,244        90,739   
   

 

 

 
      4,204,992   
   

 

 

 

Hotels, Restaurants & Leisure—2.8%

  

Belmond, Ltd. - Class A (a)

    45,218        527,242   

Biglari Holdings, Inc. (a)

    871        295,931   

BJ’s Restaurants, Inc. (a) (b)

    10,878        391,499   

Bloomin’ Brands, Inc. (a)

    38,253        701,560   

Bob Evans Farms, Inc.

    12,754        603,774   

Boyd Gaming Corp. (a) (b)

    35,670        362,407   

Bravo Brio Restaurant Group, Inc. (a)

    9,979        129,428   

Buffalo Wild Wings, Inc. (a) (b)

    9,275        1,245,354   

Caesars Acquisition Co. - Class A (a) (b)

    27,244        258,001   

Caesars Entertainment Corp. (a) (b)

    25,824        324,866   

Carrols Restaurant Group, Inc. (a)

    20,354        144,717   

Cheesecake Factory, Inc. (The) (b)

    25,120        1,142,960   

Churchill Downs, Inc.

    7,015        683,963   

Chuy’s Holdings, Inc. (a) (b)

    8,272        259,658   

ClubCorp Holdings, Inc.

    11,474        227,529   

Cracker Barrel Old Country Store, Inc. (b)

    9,028        931,599   

Del Frisco’s Restaurant Group, Inc. (a)

    12,052        230,675   

Denny’s Corp. (a)

    44,196        310,698   

Diamond Resorts International, Inc. (a) (b)

    17,878        406,903   

DineEquity, Inc.

    7,910        645,377   

Einstein Noah Restaurant Group, Inc.

    6,168        124,347   

El Pollo Loco Holdings, Inc. (a)

    6,195        222,462   

Fiesta Restaurant Group, Inc. (a)

    13,371        664,271   

International Speedway Corp. - Class A

    12,533        396,544   

Interval Leisure Group, Inc. (b)

    21,655        412,528   

Jack in the Box, Inc.

    19,588        1,335,706   

Jamba, Inc. (a) (b)

    9,661        137,379   

Krispy Kreme Doughnuts, Inc. (a) (b)

    33,031        566,812   

La Quinta Holdings, Inc. (a)

    19,995        379,705   

 

MSF-166


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—(Continued)

  

Life Time Fitness, Inc. (a)

    20,079      $ 1,012,785   

Marcus Corp.

    11,702        184,892   

Marriott Vacations Worldwide Corp. (a)

    14,494        919,065   

Morgans Hotel Group Co. (a)

    12,602        101,698   

Multimedia Games Holding Co., Inc. (a)

    15,847        570,650   

Nathan’s Famous, Inc. (a)

    1,762        119,270   

Noodles & Co. (a)

    5,702        109,421   

Papa John’s International, Inc.

    14,171        566,698   

Penn National Gaming, Inc. (a)

    39,538        443,221   

Pinnacle Entertainment, Inc. (a) (b)

    30,820        773,274   

Popeyes Louisiana Kitchen, Inc. (a)

    11,867        480,614   

Red Robin Gourmet Burgers, Inc. (a)

    7,250        412,525   

Ruby Tuesday, Inc. (a) (b)

    31,853        187,614   

Ruth’s Hospitality Group, Inc.

    17,912        197,749   

Scientific Games Corp. - Class A (a)

    22,727        244,770   

Sonic Corp. (a)

    27,410        612,888   

Speedway Motorsports, Inc.

    7,078        120,751   

Texas Roadhouse, Inc.

    33,641        936,565   

Vail Resorts, Inc.

    17,733        1,538,515   
   

 

 

 
      23,596,860   
   

 

 

 

Household Durables—1.0%

  

Beazer Homes USA, Inc. (a)

    13,700        229,886   

Cavco Industries, Inc. (a)

    4,452        302,736   

CSS Industries, Inc.

    4,201        101,874   

Ethan Allen Interiors, Inc. (b)

    12,159        277,225   

Helen of Troy, Ltd. (a)

    14,663        770,101   

Hovnanian Enterprises, Inc. - Class A (a) (b)

    56,064        205,755   

iRobot Corp. (a) (b)

    14,746        449,016   

KB Home (b)

    43,434        648,904   

La-Z-Boy, Inc.

    26,643        527,265   

LGI Homes, Inc. (a) (b)

    7,793        143,079   

Libbey, Inc. (a)

    10,247        269,086   

M/I Homes, Inc. (a)

    12,868        255,044   

MDC Holdings, Inc. (b)

    19,869        503,083   

Meritage Homes Corp. (a)

    19,962        708,651   

NACCO Industries, Inc. - Class A

    3,117        155,008   

Ryland Group, Inc. (The) (b)

    23,149        769,473   

Standard Pacific Corp. (a) (b)

    71,989        539,198   

TRI Pointe Homes, Inc. (a)

    72,675        940,414   

Universal Electronics, Inc. (a)

    7,461        368,350   

WCI Communities, Inc. (a) (b)

    6,498        119,823   

William Lyon Homes - Class A (a)

    9,057        200,160   
   

 

 

 
      8,484,131   
   

 

 

 

Household Products—0.2%

  

Central Garden and Pet Co. - Class A (a) (b)

    23,384        188,007   

Harbinger Group, Inc. (a)

    41,219        540,793   

Orchids Paper Products Co.

    3,667        90,062   

WD-40 Co.

    7,863        534,370   
   

 

 

 
      1,353,232   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.4%

  

Abengoa Yield plc (a)

    16,003        569,387   

Atlantic Power Corp. (b)

    59,196        140,886   

Independent Power and Renewable Electricity Producers—(Continued)

  

Dynegy, Inc. (a)

    48,068      1,387,243   

Ormat Technologies, Inc. (b)

    9,298        244,258   

Pattern Energy Group, Inc.

    19,338        597,931   

TerraForm Power, Inc. - Class A (a)

    13,829        399,105   
   

 

 

 
      3,338,810   
   

 

 

 

Industrial Conglomerates—0.1%

  

Raven Industries, Inc.

    18,658        455,255   
   

 

 

 

Insurance—2.4%

  

Ambac Financial Group, Inc. (a)

    22,444        496,012   

American Equity Investment Life Holding Co. (b)

    34,776        795,675   

AMERISAFE, Inc.

    9,298        363,645   

Amtrust Financial Services, Inc. (b)

    15,535        618,604   

Argo Group International Holdings, Ltd.

    12,861        647,037   

Baldwin & Lyons, Inc. - Class B

    4,133        102,085   

Citizens, Inc. (a) (b)

    22,172        143,231   

CNO Financial Group, Inc.

    106,202        1,801,186   

Crawford & Co. - Class B (b)

    14,358        118,453   

eHealth, Inc. (a)

    9,723        234,616   

Employers Holdings, Inc.

    16,380        315,315   

Enstar Group, Ltd. (a) (b)

    4,185        570,499   

FBL Financial Group, Inc. - Class A

    4,790        214,113   

Federated National Holding Co.

    5,884        165,282   

Fidelity & Guaranty Life

    4,816        102,822   

First American Financial Corp. (b)

    52,300        1,418,376   

Global Indemnity plc (a)

    3,335        84,142   

Greenlight Capital Re, Ltd. - Class A (a)

    13,998        453,675   

HCI Group, Inc. (b)

    5,174        186,212   

Hilltop Holdings, Inc. (a)

    34,060        682,903   

Horace Mann Educators Corp.

    21,022        599,337   

Infinity Property & Casualty Corp.

    5,597        358,264   

Kemper Corp.

    22,886        781,557   

Maiden Holdings, Ltd. (b)

    26,833        297,310   

Meadowbrook Insurance Group, Inc. (b)

    26,803        156,798   

Montpelier Re Holdings, Ltd. (b)

    17,757        552,065   

National General Holdings Corp.

    15,899        268,534   

National Interstate Corp.

    3,807        106,215   

National Western Life Insurance Co. - Class A

    1,212        299,376   

Navigators Group, Inc. (The) (a)

    5,301        326,011   

OneBeacon Insurance Group, Ltd. - Class A

    11,496        177,153   

Phoenix Cos., Inc. (The) (a) (b)

    3,332        186,792   

Platinum Underwriters Holdings, Ltd.

    12,541        763,371   

Primerica, Inc.

    26,691        1,287,040   

RLI Corp.

    21,590        934,631   

Safety Insurance Group, Inc.

    6,815        367,397   

Selective Insurance Group, Inc.

    28,514        631,300   

State Auto Financial Corp.

    7,940        162,849   

Stewart Information Services Corp.

    11,286        331,244   

Symetra Financial Corp.

    37,115        865,893   

Third Point Reinsurance, Ltd. (a)

    28,266        411,270   

United Fire Group, Inc.

    9,732        270,258   

United Insurance Holdings Corp.

    8,654        129,810   

Universal Insurance Holdings, Inc. (b)

    16,046        207,475   
   

 

 

 
      19,985,833   
   

 

 

 

 

MSF-167


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet & Catalog Retail—0.5%

  

Blue Nile, Inc. (a) (b)

    6,605      $ 188,573   

FTD Cos., Inc. (a) (b)

    9,600        327,456   

HSN, Inc.

    16,833        1,033,041   

Lands’ End, Inc. (a) (b)

    8,472        348,369   

Nutrisystem, Inc.

    14,262        219,207   

Orbitz Worldwide, Inc. (a)

    26,854        211,341   

Overstock.com, Inc. (a)

    6,447        108,696   

PetMed Express, Inc. (b)

    11,281        153,421   

RetailMeNot, Inc. (a) (b)

    15,308        247,377   

Shutterfly, Inc. (a) (b)

    19,128        932,299   

Valuevision Media, Inc. - Class A (a)

    23,836        122,279   
   

 

 

 
      3,892,059   
   

 

 

 

Internet Software & Services—2.3%

  

Angie’s List, Inc. (a) (b)

    21,237        135,280   

Bankrate, Inc. (a)

    33,123        376,277   

Bazaarvoice, Inc. (a) (b)

    25,119        185,629   

Blucora, Inc. (a) (b)

    20,338        309,951   

Brightcove, Inc. (a) (b)

    15,258        85,140   

Carbonite, Inc. (a)

    9,760        99,942   

ChannelAdvisor Corp. (a) (b)

    10,403        170,609   

comScore, Inc. (a)

    16,327        594,466   

Constant Contact, Inc. (a)

    15,503        420,751   

Conversant, Inc. (a) (b)

    31,680        1,085,040   

Cornerstone OnDemand, Inc. (a) (b)

    26,060        896,725   

Cvent, Inc. (a) (b)

    9,029        229,066   

Dealertrack Technologies, Inc. (a) (b)

    26,273        1,140,511   

Demandware, Inc. (a) (b)

    14,754        751,274   

Dice Holdings, Inc. (a)

    16,579        138,932   

Digital River, Inc. (a)

    14,920        216,638   

E2open, Inc. (a) (b)

    11,712        109,039   

EarthLink Holdings Corp.

    52,679        180,162   

Endurance International Group Holdings, Inc. (a) (b)

    15,481        251,876   

Envestnet, Inc. (a)

    16,750        753,750   

Global Eagle Entertainment, Inc. (a) (b)

    19,718        221,236   

Gogo, Inc. (a) (b)

    27,419        462,284   

GrubHub, Inc. (a)

    3,643        124,736   

Internap Network Services Corp. (a) (b)

    29,790        205,551   

IntraLinks Holdings, Inc. (a)

    15,009        121,573   

j2 Global, Inc. (b)

    23,025        1,136,514   

Liquidity Services, Inc. (a) (b)

    12,493        171,779   

LivePerson, Inc. (a)

    29,330        369,265   

LogMeIn, Inc. (a)

    11,323        521,651   

Marin Software, Inc. (a)

    13,563        116,642   

Marketo, Inc. (a) (b)

    12,776        412,665   

Monster Worldwide, Inc. (a)

    45,420        249,810   

Move, Inc. (a)

    21,815        457,242   

NIC, Inc.

    33,146        570,774   

Perficient, Inc. (a)

    17,369        260,361   

Reis, Inc.

    4,641        109,481   

Rocket Fuel, Inc. (a) (b)

    9,223        145,723   

SciQuest, Inc. (a)

    15,491        232,985   

Shutterstock, Inc. (a) (b)

    7,587        541,560   

SPS Commerce, Inc. (a) (b)

    7,550        401,283   

Stamps.com, Inc. (a)

    6,857        217,778   

Textura Corp. (a) (b)

    9,452        249,533   

Internet Software & Services—(Continued)

  

Trulia, Inc. (a) (b)

    18,166      888,317   

United Online, Inc.

    1        11   

Unwired Planet, Inc. (a)

    53,572        99,644   

VistaPrint NV (a)

    16,340        895,269   

Web.com Group, Inc. (a)

    25,502        509,020   

WebMD Health Corp. (a) (b)

    19,045        796,271   

Wix.com, Ltd. (a)

    7,180        116,675   

XO Group, Inc. (a)

    17,057        191,209   

Xoom Corp. (a) (b)

    15,422        338,513   

Zix Corp. (a) (b)

    32,312        110,507   
   

 

 

 
      19,376,920   
   

 

 

 

IT Services—2.3%

   

Acxiom Corp. (a)

    37,591        622,131   

Blackhawk Network Holdings, Inc. (a) (b)

    24,769        802,516   

CACI International, Inc. - Class A (a) (c)

    11,906        848,541   

Cardtronics, Inc. (a)

    20,736        729,907   

Cass Information Systems, Inc. (b)

    5,928        245,419   

CIBER, Inc. (a)

    40,848        140,109   

Convergys Corp.

    47,930        854,113   

CSG Systems International, Inc. (b)

    18,310        481,187   

Datalink Corp. (a)

    10,457        111,158   

EPAM Systems, Inc. (a)

    17,528        767,551   

Euronet Worldwide, Inc. (a)

    25,270        1,207,653   

EVERTEC, Inc.

    32,365        723,034   

ExlService Holdings, Inc. (a)

    16,429        401,032   

Forrester Research, Inc.

    5,782        213,125   

Global Cash Access Holdings, Inc. (a)

    32,995        222,716   

Heartland Payment Systems, Inc. (b)

    16,479        786,378   

iGATE Corp. (a)

    17,995        660,776   

Lionbridge Technologies, Inc. (a)

    32,857        147,856   

Luxoft Holding, Inc. (a)

    4,055        150,846   

ManTech International Corp. - Class A

    12,440        335,258   

MAXIMUS, Inc.

    32,153        1,290,300   

MoneyGram International, Inc. (a)

    11,813        148,135   

NeuStar, Inc. - Class A (a) (b)

    26,451        656,778   

Sapient Corp. (a)

    55,778        780,892   

Science Applications International Corp. (b)

    20,650        913,349   

ServiceSource International, Inc. (a) (b)

    30,987        100,088   

Sykes Enterprises, Inc. (a)

    20,461        408,811   

Syntel, Inc. (a)

    7,981        701,849   

TeleTech Holdings, Inc. (a)

    7,377        181,327   

Unisys Corp. (a)

    26,228        613,997   

Virtusa Corp. (a)

    13,325        473,837   

WEX, Inc. (a)

    18,556        2,047,098   
   

 

 

 
      18,767,767   
   

 

 

 

Leisure Products—0.4%

   

Arctic Cat, Inc.

    6,783        236,184   

Brunswick Corp.

    45,794        1,929,759   

Callaway Golf Co. (b)

    40,594        293,901   

LeapFrog Enterprises, Inc. (a)

    32,500        194,675   

Nautilus, Inc. (a)

    16,328        195,446   

Smith & Wesson Holding Corp. (a) (b)

    25,637        242,013   

Sturm Ruger & Co., Inc. (b)

    10,261        499,608   
   

 

 

 
      3,591,586   
   

 

 

 

 

MSF-168


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Life Sciences Tools & Services—0.5%

   

Accelerate Diagnostics, Inc. (a) (b)

    11,348      $ 243,755   

Affymetrix, Inc. (a) (b) (c)

    41,239        329,087   

Albany Molecular Research, Inc. (a) (b)

    12,484        275,522   

Cambrex Corp. (a)

    15,180        283,563   

Fluidigm Corp. (a) (b)

    13,200        323,400   

Luminex Corp. (a) (b)

    18,464        360,048   

Pacific Biosciences of California, Inc. (a) (b)

    27,011        132,624   

PAREXEL International Corp. (a) (b)

    27,302        1,722,483   

Sequenom, Inc. (a) (b)

    60,324        179,162   
   

 

 

 
      3,849,644   
   

 

 

 

Machinery—3.1%

   

Actuant Corp. - Class A

    33,203        1,013,356   

Alamo Group, Inc.

    3,532        144,812   

Albany International Corp. - Class A

    14,147        481,564   

Altra Industrial Motion Corp.

    14,458        421,595   

American Railcar Industries, Inc.

    4,708        348,015   

Astec Industries, Inc.

    10,141        369,842   

Barnes Group, Inc.

    27,049        820,937   

Blount International, Inc. (a)

    25,829        390,793   

Briggs & Stratton Corp. (b)

    23,052        415,397   

Chart Industries, Inc. (a) (b)

    15,307        935,717   

CIRCOR International, Inc.

    8,835        594,861   

CLARCOR, Inc.

    24,715        1,559,022   

Columbus McKinnon Corp.

    10,074        221,527   

Douglas Dynamics, Inc.

    9,877        192,602   

Dynamic Materials Corp. (b)

    7,259        138,284   

EnPro Industries, Inc. (a)

    11,493        695,671   

ESCO Technologies, Inc.

    13,728        477,460   

ExOne Co. (The) (a) (b)

    5,042        105,327   

Federal Signal Corp.

    31,915        422,555   

FreightCar America, Inc.

    7,047        234,665   

Gerber Scientific, Inc. (a) (b) (d)

    14,024        0   

Global Brass & Copper Holdings, Inc.

    11,099        162,822   

Gorman-Rupp Co. (The) (b)

    10,331        310,343   

Graham Corp.

    5,399        155,221   

Greenbrier Cos., Inc. (b)

    13,566        995,473   

Harsco Corp.

    39,595        847,729   

Hillenbrand, Inc.

    31,050        959,134   

Hurco Cos., Inc.

    3,395        127,856   

Hyster-Yale Materials Handling, Inc.

    4,976        356,381   

John Bean Technologies Corp.

    15,202        427,632   

Kadant, Inc.

    5,766        225,162   

LB Foster Co. - Class A

    5,476        251,567   

Lindsay Corp. (b)

    6,769        505,983   

Lydall, Inc. (a)

    9,530        257,405   

Meritor, Inc. (a)

    50,463        547,524   

Miller Industries, Inc.

    6,185        104,527   

Mueller Industries, Inc.

    28,336        808,709   

Mueller Water Products, Inc. - Class A

    80,834        669,306   

NN, Inc.

    9,533        254,722   

Proto Labs, Inc. (a)

    11,113        766,797   

RBC Bearings, Inc.

    11,531        653,808   

Rexnord Corp. (a)

    36,997        1,052,565   

Standex International Corp.

    5,598        415,036   

Sun Hydraulics Corp.

    10,558        396,875   

Machinery—(Continued)

  

Tennant Co.

    8,929      599,047   

Titan International, Inc. (b)

    21,944        259,378   

Trimas Corp. (a)

    22,514        547,766   

Twin Disc, Inc. (b)

    4,666        125,795   

Wabash National Corp. (a) (b)

    30,254        402,983   

Watts Water Technologies, Inc. - Class A

    13,983        814,510   

Woodward, Inc.

    31,969        1,522,364   
   

 

 

 
      25,508,422   
   

 

 

 

Marine—0.2%

   

Baltic Trading, Ltd. (b)

    25,245        104,514   

Knightsbridge Tankers, Ltd.

    16,882        149,406   

Matson, Inc.

    21,468        537,344   

Navios Maritime Holdings, Inc.

    39,414        236,484   

Safe Bulkers, Inc.

    19,788        131,788   

Scorpio Bulkers, Inc. (a)

    61,755        359,414   
   

 

 

 
      1,518,950   
   

 

 

 

Media—1.2%

   

AH Belo Corp. - Class A

    11,177        119,259   

AMC Entertainment Holdings, Inc. - Class A

    9,526        219,003   

Carmike Cinemas, Inc. (a)

    12,031        372,720   

Cumulus Media, Inc. - Class A (a) (b)

    68,341        275,414   

Daily Journal Corp. (a) (b)

    598        107,939   

Entercom Communications Corp. - Class A (a) (b)

    14,538        116,740   

Entravision Communications Corp. - Class A

    29,645        117,394   

Eros International plc (a)

    13,517        197,483   

EW Scripps Co. (The) - Class A (a)

    16,943        276,340   

Gray Television, Inc. (a) (b)

    26,074        205,463   

Harte-Hanks, Inc.

    26,098        166,244   

Journal Communications, Inc. - Class A (a)

    24,659        207,875   

Loral Space & Communications, Inc. (a)

    6,669        478,901   

McClatchy Co. (The) - Class A (a)

    32,395        108,847   

MDC Partners, Inc. - Class A

    19,483        373,879   

Media General, Inc. (a) (b)

    27,244        357,169   

Meredith Corp.

    18,123        775,664   

National CineMedia, Inc.

    31,052        450,565   

New Media Investment Group, Inc. (b)

    18,547        308,437   

New York Times Co. (The) - Class A (b)

    68,375        767,168   

Nexstar Broadcasting Group, Inc. - Class A (b)

    14,830        599,429   

Rentrak Corp. (a) (b)

    5,237        319,143   

Scholastic Corp. (b)

    14,077        454,969   

SFX Entertainment, Inc. (a) (b)

    23,504        117,990   

Sinclair Broadcast Group, Inc. - Class A (b)

    34,322        895,461   

Time, Inc. (a)

    54,305        1,272,366   

World Wrestling Entertainment, Inc. - Class A (b)

    14,120        194,432   
   

 

 

 
      9,856,294   
   

 

 

 

Metals & Mining—1.3%

   

AK Steel Holding Corp. (a) (b)

    86,412        692,160   

Allied Nevada Gold Corp. (a) (b)

    53,968        178,634   

Century Aluminum Co. (a)

    23,080        599,388   

Coeur Mining, Inc. (a)

    52,874        262,255   

Commercial Metals Co.

    58,786        1,003,477   

Globe Specialty Metals, Inc.

    28,516        518,706   

 

MSF-169


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Metals & Mining—(Continued)

  

Gold Resource Corp. (b)

    20,235      $ 103,603   

Haynes International, Inc. (b)

    6,653        305,971   

Hecla Mining Co. (b)

    169,761        421,007   

Horsehead Holding Corp. (a) (b)

    24,392        403,200   

Kaiser Aluminum Corp.

    8,525        649,776   

Materion Corp.

    10,677        327,464   

Molycorp, Inc. (a) (b)

    93,301        111,028   

Noranda Aluminum Holding Corp.

    23,392        105,732   

Olympic Steel, Inc. (b)

    4,963        102,089   

RTI International Metals, Inc. (a)

    16,034        395,398   

Schnitzer Steel Industries, Inc. - Class A (b)

    13,529        325,372   

Stillwater Mining Co. (a)

    56,563        850,142   

SunCoke Energy, Inc. (a)

    35,308        792,665   

U.S. Silica Holdings, Inc.

    26,394        1,649,889   

Universal Stainless & Alloy Products, Inc. (a)

    4,303        113,427   

Worthington Industries, Inc.

    24,642        917,175   
   

 

 

 
      10,828,558   
   

 

 

 

Multi-Utilities—0.3%

   

Avista Corp. (b)

    30,460        929,944   

Black Hills Corp.

    20,984        1,004,714   

NorthWestern Corp.

    19,221        871,864   
   

 

 

 
      2,806,522   
   

 

 

 

Multiline Retail—0.1%

   

Burlington Stores, Inc. (a) (b)

    14,444        575,738   

Fred’s, Inc. - Class A

    16,556        231,784   

Tuesday Morning Corp. (a) (b)

    19,604        380,416   
   

 

 

 
      1,187,938   
   

 

 

 

Oil, Gas & Consumable Fuels—3.5%

   

Abraxas Petroleum Corp. (a)

    46,276        244,337   

Alon USA Energy, Inc.

    12,159        174,603   

Alpha Natural Resources, Inc. (a) (b)

    111,628        276,837   

Approach Resources, Inc. (a) (b)

    17,593        255,098   

Arch Coal, Inc.

    105,697        224,078   

Ardmore Shipping Corp.

    6,269        68,332   

Bill Barrett Corp. (a) (b)

    24,966        550,251   

Bonanza Creek Energy, Inc. (a)

    16,075        914,667   

BPZ Resources, Inc. (a) (b)

    61,681        117,811   

Callon Petroleum Co. (a)

    27,924        246,010   

Carrizo Oil & Gas, Inc. (a)

    21,672        1,166,387   

Clayton Williams Energy, Inc. (a)

    3,222        310,762   

Clean Energy Fuels Corp. (a) (b)

    35,238        274,856   

Cloud Peak Energy, Inc. (a)

    31,583        398,577   

Comstock Resources, Inc. (b)

    24,676        459,467   

Contango Oil & Gas Co. (a)

    7,670        254,951   

Delek U.S. Holdings, Inc.

    29,102        963,858   

DHT Holdings, Inc.

    46,222        284,727   

Diamondback Energy, Inc. (a)

    20,426        1,527,456   

Eclipse Resources Corp. (a)

    19,258        320,068   

Emerald Oil, Inc. (a) (b)

    29,558        181,782   

Energy XXI Bermuda, Ltd. (b)

    45,315        514,325   

EXCO Resources, Inc. (b)

    85,891        286,876   

GasLog, Ltd.

    20,748        456,663   

Oil, Gas & Consumable Fuels—(Continued)

  

Gastar Exploration, Inc. (a)

    35,730      209,735   

Goodrich Petroleum Corp. (a) (b)

    16,155        239,417   

Green Plains, Inc.

    18,400        687,976   

Halcon Resources Corp. (a) (b)

    127,821        506,171   

Jones Energy, Inc. - Class A (a) (b)

    6,089        114,351   

Kodiak Oil & Gas Corp. (a)

    128,426        1,742,741   

Magnum Hunter Resources Corp. (a) (b)

    97,509        543,125   

Matador Resources Co. (a) (b)

    35,906        928,170   

Midstates Petroleum Co., Inc. (a) (b)

    18,600        93,930   

Navios Maritime Acquisition Corp.

    29,801        80,761   

Nordic American Tankers, Ltd. (b)

    45,633        362,782   

Northern Oil and Gas, Inc. (a) (b)

    32,713        465,179   

Pacific Ethanol, Inc. (a)

    10,287        143,607   

Panhandle Oil and Gas, Inc. - Class A (b)

    3,108        185,548   

Parsley Energy, Inc. - Class A (a) (b)

    26,890        573,564   

PDC Energy, Inc. (a)

    17,964        903,410   

Penn Virginia Corp. (a)

    32,308        410,635   

PetroQuest Energy, Inc. (a)

    28,823        161,985   

Renewable Energy Group, Inc. (a) (b)

    17,354        176,143   

Resolute Energy Corp. (a) (b)

    38,680        242,524   

REX American Resources Corp. (a)

    2,900        211,352   

Rex Energy Corp. (a)

    22,443        284,353   

Ring Energy, Inc. (a)

    12,573        185,326   

Rosetta Resources, Inc. (a)

    30,879        1,375,968   

RSP Permian, Inc. (a) (b)

    10,526        269,045   

Sanchez Energy Corp. (a) (b)

    24,958        655,397   

Scorpio Tankers, Inc. (b)

    84,458        701,846   

SemGroup Corp. - Class A

    20,439        1,701,956   

Ship Finance International, Ltd. (b)

    28,428        481,002   

Solazyme, Inc. (a) (b)

    37,512        279,839   

Stone Energy Corp. (a)

    27,971        877,171   

Swift Energy Co. (a) (b)

    22,073        211,901   

Synergy Resources Corp. (a)

    32,872        400,710   

Teekay Tankers, Ltd. - Class A (b)

    32,292        120,449   

TransAtlantic Petroleum, Ltd. (a)

    16,448        147,868   

Triangle Petroleum Corp. (a) (b)

    35,098        386,429   

VAALCO Energy, Inc. (a)

    25,290        214,965   

W&T Offshore, Inc. (b)

    18,499        203,489   

Warren Resources, Inc. (a)

    41,839        221,747   

Western Refining, Inc.

    25,776        1,082,334   

Westmoreland Coal Co. (a)

    7,463        279,191   
   

 

 

 
      29,536,871   
   

 

 

 

Paper & Forest Products—0.7%

   

Boise Cascade Co. (a)

    19,596        590,624   

Clearwater Paper Corp. (a)

    9,575        575,553   

Deltic Timber Corp. (b)

    6,001        373,982   

KapStone Paper and Packaging Corp. (a)

    39,297        1,099,137   

Louisiana-Pacific Corp. (a) (b)

    69,384        942,929   

Neenah Paper, Inc.

    7,745        414,203   

PH Glatfelter Co.

    21,278        467,052   

Resolute Forest Products, Inc. (a)

    32,474        507,893   

Schweitzer-Mauduit International, Inc.

    14,898        615,436   

Wausau Paper Corp.

    23,588        187,053   
   

 

 

 
      5,773,862   
   

 

 

 

 

MSF-170


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Personal Products—0.2%

   

Elizabeth Arden, Inc. (a) (b)

    13,201      $ 220,985   

IGI Laboratories, Inc. (a)

    17,535        163,426   

Inter Parfums, Inc.

    8,191        225,253   

Medifast, Inc. (a)

    7,275        238,838   

Nutraceutical International Corp. (a)

    5,375        112,391   

Revlon, Inc. - Class A (a) (b)

    6,172        195,591   

USANA Health Sciences, Inc. (a) (b)

    2,803        206,469   
   

 

 

 
      1,362,953   
   

 

 

 

Pharmaceuticals—1.7%

   

Aerie Pharmaceuticals, Inc. (a)

    5,743        118,823   

Akorn, Inc. (a) (b)

    29,811        1,081,245   

ANI Pharmaceuticals, Inc. (a)

    5,035        142,390   

Aratana Therapeutics, Inc. (a)

    12,495        125,450   

Auxilium Pharmaceuticals, Inc. (a) (b)

    24,788        739,922   

AVANIR Pharmaceuticals, Inc. - Class A (a)

    85,697        1,021,508   

BioDelivery Sciences International, Inc. (a) (b)

    20,287        346,705   

Catalent, Inc. (a)

    26,707        668,476   

Cempra, Inc. (a) (b)

    11,324        124,111   

Depomed, Inc. (a) (b)

    31,001        470,905   

Endocyte, Inc. (a) (b)

    21,515        130,811   

Horizon Pharma plc (a) (b)

    29,283        359,595   

Impax Laboratories, Inc. (a)

    34,206        811,024   

Intra-Cellular Therapies, Inc. (a) (b)

    11,830        162,189   

Lannett Co., Inc. (a)

    12,710        580,593   

Medicines Co. (The) (a)

    32,038        715,088   

Nektar Therapeutics (a) (b)

    62,084        749,354   

Omeros Corp. (a) (b)

    16,069        204,398   

Pacira Pharmaceuticals, Inc. (a) (b)

    17,459        1,692,126   

Pernix Therapeutics Holdings, Inc. (a)

    17,177        131,919   

Phibro Animal Health Corp. - Class A

    6,026        135,043   

Pozen, Inc. (a) (b)

    15,222        111,729   

Prestige Brands Holdings, Inc. (a)

    26,054        843,368   

Relypsa, Inc. (a) (b)

    8,607        181,522   

Repros Therapeutics, Inc. (a) (b)

    12,184        120,622   

Revance Therapeutics, Inc. (a) (b)

    4,622        89,343   

Sagent Pharmaceuticals, Inc. (a)

    11,006        342,287   

Sciclone Pharmaceuticals, Inc. (a)

    27,839        191,811   

Supernus Pharmaceuticals, Inc. (a) (b)

    15,103        131,245   

Tetraphase Pharmaceuticals, Inc. (a) (b)

    11,384        227,111   

TherapeuticsMD, Inc. (a) (b)

    51,625        239,540   

Theravance Biopharma, Inc. (a)

    11,720        270,146   

Theravance, Inc. (b)

    40,393        690,316   

Vivus, Inc. (a) (b)

    46,905        181,053   

XenoPort, Inc. (a) (b)

    30,042        161,626   

ZS Pharma, Inc. (a)

    5,313        208,429   
   

 

 

 
      14,501,823   
   

 

 

 

Professional Services—1.3%

   

Acacia Research Corp.

    26,332        407,619   

Advisory Board Co. (The) (a) (b)

    18,149        845,562   

Barrett Business Services, Inc.

    3,901        154,051   

CBIZ, Inc. (a) (b)

    20,130        158,423   

CDI Corp.

    7,746        112,472   

Corporate Executive Board Co. (The)

    16,546        993,918   

CRA International, Inc. (a)

    6,362        161,786   

Professional Services—(Continued)

  

Exponent, Inc.

    6,721      476,384   

Franklin Covey Co. (a)

    5,394        105,668   

FTI Consulting, Inc. (a)

    19,255        673,155   

GP Strategies Corp. (a)

    8,646        248,313   

Heidrick & Struggles International, Inc.

    9,634        197,882   

Huron Consulting Group, Inc. (a)

    11,680        712,130   

ICF International, Inc. (a)

    10,002        307,962   

Insperity, Inc.

    12,162        332,509   

Kelly Services, Inc. - Class A

    14,944        234,172   

Kforce, Inc.

    12,692        248,382   

Korn/Ferry International (a)

    24,691        614,806   

Mistras Group, Inc. (a)

    8,222        167,729   

Navigant Consulting, Inc. (a)

    22,006        306,103   

On Assignment, Inc. (a)

    26,669        716,063   

Pendrell Corp. (a)

    81,209        108,820   

Resources Connection, Inc.

    20,687        288,377   

RPX Corp. (a)

    26,264        360,605   

TriNet Group, Inc. (a)

    6,310        162,483   

TrueBlue, Inc. (a)

    19,573        494,414   

VSE Corp.

    2,185        107,109   

WageWorks, Inc. (a) (b)

    17,251        785,438   
   

 

 

 
      10,482,335   
   

 

 

 

Real Estate Investment Trusts—8.2%

   

Acadia Realty Trust

    27,899        769,454   

AG Mortgage Investment Trust, Inc.

    14,345        255,341   

Agree Realty Corp.

    6,955        190,428   

Alexander’s, Inc.

    915        342,128   

Altisource Residential Corp. (b)

    29,057        697,368   

American Assets Trust, Inc.

    17,413        574,107   

American Capital Mortgage Investment Corp.

    26,073        490,694   

American Realty Capital Healthcare Trust, Inc.

    79,677        835,015   

American Residential Properties, Inc. (a) (b)

    16,166        296,484   

AmREIT, Inc.

    8,595        197,427   

Anworth Mortgage Asset Corp.

    63,813        305,664   

Apollo Commercial Real Estate Finance, Inc. (b)

    22,194        348,668   

Apollo Residential Mortgage, Inc.

    16,439        253,654   

Ares Commercial Real Estate Corp. (b)

    11,438        133,710   

Armada Hoffler Properties, Inc.

    12,863        116,796   

ARMOUR Residential REIT, Inc. (b)

    168,092        647,154   

Ashford Hospitality Prime, Inc. (b)

    12,917        196,726   

Ashford Hospitality Trust, Inc.

    31,632        323,279   

Associated Estates Realty Corp.

    29,461        515,862   

Aviv REIT, Inc. (b)

    9,910        261,128   

Campus Crest Communities, Inc. (b)

    33,908        217,011   

Capstead Mortgage Corp. (b)

    46,246        566,051   

CareTrust REIT, Inc. (a)

    11,507        164,550   

CatchMark Timber Trust, Inc. - Class A

    9,966        109,227   

Cedar Realty Trust, Inc.

    37,954        223,929   

Chambers Street Properties

    118,956        895,739   

Chatham Lodging Trust

    16,701        385,459   

Chesapeake Lodging Trust

    25,632        747,173   

Colony Financial, Inc. (b)

    52,491        1,174,749   

Coresite Realty Corp. (b)

    10,812        355,390   

Cousins Properties, Inc.

    107,425        1,283,729   

CubeSmart

    71,269        1,281,417   

 

MSF-171


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

CyrusOne, Inc.

    16,302      $ 391,900   

CYS Investments, Inc. (b)

    80,947        667,003   

DCT Industrial Trust, Inc.

    161,806        1,215,163   

DiamondRock Hospitality Co.

    92,386        1,171,454   

DuPont Fabros Technology, Inc. (b)

    29,356        793,786   

Dynex Capital, Inc. (b)

    28,987        234,215   

EastGroup Properties, Inc.

    15,137        917,151   

Education Realty Trust, Inc.

    68,528        704,468   

Empire State Realty Trust, Inc. - Class A (b)

    45,186        678,694   

EPR Properties

    27,688        1,403,228   

Equity One, Inc.

    30,429        658,179   

Excel Trust, Inc.

    30,346        357,172   

FelCor Lodging Trust, Inc.

    61,144        572,308   

First Industrial Realty Trust, Inc.

    50,890        860,550   

First Potomac Realty Trust

    30,465        357,964   

Franklin Street Properties Corp.

    45,751        513,326   

Geo Group, Inc. (The)

    34,250        1,309,035   

Getty Realty Corp.

    13,375        227,375   

Gladstone Commercial Corp. (b)

    10,038        170,546   

Glimcher Realty Trust

    73,142        990,343   

Government Properties Income Trust

    33,503        734,051   

Gramercy Property Trust, Inc. (b)

    51,351        295,782   

Hannon Armstrong Sustainable Infrastructure Capital, Inc.

    8,347        115,356   

Hatteras Financial Corp.

    47,468        852,525   

Healthcare Realty Trust, Inc.

    44,822        1,061,385   

Hersha Hospitality Trust

    98,686        628,630   

Highwoods Properties, Inc.

    43,003        1,672,817   

Hudson Pacific Properties, Inc.

    26,059        642,615   

Inland Real Estate Corp.

    40,747        403,803   

Invesco Mortgage Capital, Inc.

    58,562        920,595   

Investors Real Estate Trust

    51,434        396,042   

iStar Financial, Inc. (a) (b)

    42,568        574,668   

Kite Realty Group Trust

    16,314        395,451   

LaSalle Hotel Properties

    50,033        1,713,130   

Lexington Realty Trust

    100,966        988,457   

LTC Properties, Inc.

    15,755        581,202   

Mack-Cali Realty Corp.

    43,604        833,272   

Medical Properties Trust, Inc. (b)

    79,977        980,518   

Monmouth Real Estate Investment Corp. - Class A

    28,868        292,144   

National Health Investors, Inc.

    16,244        928,182   

New Residential Investment Corp.

    138,295        806,260   

New York Mortgage Trust, Inc.

    45,150        326,434   

New York REIT, Inc. (b)

    74,295        763,753   

One Liberty Properties, Inc.

    6,290        127,247   

Parkway Properties, Inc.

    38,318        719,612   

Pebblebrook Hotel Trust

    31,889        1,190,735   

Pennsylvania Real Estate Investment Trust

    31,152        621,171   

PennyMac Mortgage Investment Trust

    35,722        765,522   

Physicians Realty Trust

    23,363        320,540   

Potlatch Corp.

    20,535        825,712   

PS Business Parks, Inc.

    9,958        758,202   

QTS Realty Trust, Inc. - Class A (b)

    6,344        192,540   

RAIT Financial Trust (b)

    42,801        318,011   

Ramco-Gershenson Properties Trust

    37,976        617,110   

Redwood Trust, Inc. (b)

    42,013        696,576   

Resource Capital Corp. (b)

    64,302        313,151   

Real Estate Investment Trusts—(Continued)

  

Retail Opportunity Investments Corp. (b)

    44,363      652,136   

Rexford Industrial Realty, Inc.

    22,859        316,369   

RLJ Lodging Trust

    62,808        1,788,144   

Rouse Properties, Inc. (b)

    18,643        301,457   

Ryman Hospitality Properties, Inc. (b)

    20,380        963,974   

Sabra Health Care REIT, Inc.

    24,140        587,085   

Saul Centers, Inc.

    4,164        194,625   

Select Income REIT

    18,245        438,792   

Silver Bay Realty Trust Corp.

    19,300        312,853   

Sovran Self Storage, Inc.

    15,392        1,144,549   

STAG Industrial, Inc.

    21,545        446,197   

Starwood Waypoint Residential Trust

    19,398        504,542   

Strategic Hotels & Resorts, Inc. (a)

    121,191        1,411,875   

Summit Hotel Properties, Inc.

    40,984        441,808   

Sun Communities, Inc.

    23,280        1,175,640   

Sunstone Hotel Investors, Inc.

    100,307        1,386,243   

Terreno Realty Corp.

    16,734        315,101   

UMH Properties, Inc. (b)

    10,207        96,966   

Universal Health Realty Income Trust

    6,109        254,623   

Urstadt Biddle Properties, Inc. - Class A

    13,207        268,102   

Washington Real Estate Investment Trust (b)

    33,712        855,611   

Western Asset Mortgage Capital Corp.

    20,929        309,331   

Whitestone REIT (b)

    9,513        132,611   
   

 

 

 
      68,021,206   
   

 

 

 

Real Estate Management & Development—0.5%

  

Alexander & Baldwin, Inc.

    23,959        861,805   

Altisource Asset Management Corp. (a)

    696        469,807   

Altisource Portfolio Solutions S.A. (a) (b)

    7,187        724,449   

Consolidated-Tomoka Land Co.

    2,461        120,761   

Forestar Group, Inc. (a)

    17,933        317,773   

Kennedy-Wilson Holdings, Inc.

    35,325        846,387   

RE/MAX Holdings, Inc. - Class A

    4,716        140,207   

St. Joe Co. (The) (a) (b)

    31,148        620,780   

Tejon Ranch Co. (a) (b)

    7,566        212,151   
   

 

 

 
      4,314,120   
   

 

 

 

Road & Rail—0.6%

   

ArcBest Corp.

    12,815        477,999   

Celadon Group, Inc.

    9,437        183,550   

Heartland Express, Inc. (b)

    26,840        643,086   

Knight Transportation, Inc.

    29,563        809,731   

Marten Transport, Ltd.

    13,224        235,519   

Patriot Transportation Holding, Inc. (a) (b)

    3,479        118,008   

Quality Distribution, Inc. (a)

    11,883        151,865   

Roadrunner Transportation Systems, Inc. (a)

    13,855        315,755   

Saia, Inc. (a)

    11,835        586,543   

Swift Transportation Co. (a)

    41,359        867,712   

Werner Enterprises, Inc.

    23,073        581,440   

YRC Worldwide, Inc. (a) (b)

    14,785        300,431   
   

 

 

 
      5,271,639   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.7%

  

Advanced Energy Industries, Inc. (a)

    20,778        390,419   

Alpha & Omega Semiconductor, Ltd. (a)

    11,449        107,621   

Ambarella, Inc. (a) (b)

    14,300        624,481   

 

MSF-172


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Semiconductors & Semiconductor Equipment—(Continued)

  

Amkor Technology, Inc. (a)

    42,324      $ 355,945   

Applied Micro Circuits Corp. (a) (b)

    37,494        262,458   

Axcelis Technologies, Inc. (a)

    60,811        121,014   

Brooks Automation, Inc.

    36,289        381,397   

Cabot Microelectronics Corp. (a)

    12,507        518,415   

Cavium, Inc. (a) (b)

    26,390        1,312,375   

Ceva, Inc. (a) (b)

    13,754        184,854   

Cirrus Logic, Inc. (a) (b)

    30,584        637,676   

Cohu, Inc.

    11,848        141,821   

Cypress Semiconductor Corp. (a) (b)

    80,609        796,014   

Diodes, Inc. (a)

    18,315        438,095   

DSP Group, Inc. (a)

    12,177        108,010   

Entegris, Inc. (a)

    70,530        811,095   

Entropic Communications, Inc. (a)

    47,035        125,113   

Exar Corp. (a) (c)

    20,123        180,101   

Fairchild Semiconductor International, Inc. (a)

    61,372        953,107   

FormFactor, Inc. (a) (c)

    27,182        194,895   

GT Advanced Technologies, Inc. (a) (b)

    68,436        741,162   

Inphi Corp. (a)

    13,845        199,091   

Integrated Device Technology, Inc. (a)

    67,574        1,077,805   

Integrated Silicon Solution, Inc.

    14,137        194,242   

International Rectifier Corp. (a)

    35,512        1,393,491   

Intersil Corp. - Class A

    65,241        927,075   

IXYS Corp.

    13,771        144,595   

Kopin Corp. (a)

    35,526        120,788   

Lattice Semiconductor Corp. (a)

    61,578        461,835   

M/A-COM Technology Solutions Holdings, Inc. (a)

    6,053        132,197   

MaxLinear, Inc. - Class A (a)

    12,849        88,401   

Micrel, Inc.

    25,489        306,633   

Microsemi Corp. (a)

    47,110        1,197,065   

MKS Instruments, Inc.

    27,174        907,068   

Monolithic Power Systems, Inc.

    18,931        833,911   

Nanometrics, Inc. (a) (b)

    12,771        192,842   

NVE Corp. (a) (b)

    2,605        168,127   

OmniVision Technologies, Inc. (a)

    26,397        698,465   

PDF Solutions, Inc. (a)

    13,439        169,466   

Peregrine Semiconductor Corp. (a)

    15,247        188,605   

Pericom Semiconductor Corp. (a)

    12,144        118,283   

Photronics, Inc. (a) (b)

    30,362        244,414   

PMC - Sierra, Inc. (a)

    85,553        638,225   

Power Integrations, Inc.

    14,941        805,469   

Rambus, Inc. (a) (b)

    52,223        651,743   

RF Micro Devices, Inc. (a) (b)

    136,648        1,576,918   

Rudolph Technologies, Inc. (a)

    18,288        165,506   

Semtech Corp. (a)

    31,199        847,053   

Silicon Image, Inc. (a)

    40,507        204,155   

Silicon Laboratories, Inc. (a)

    21,331        866,892   

Spansion, Inc. - Class A (a)

    29,804        679,233   

Synaptics, Inc. (a)

    17,633        1,290,736   

Tessera Technologies, Inc.

    27,229        723,747   

TriQuint Semiconductor, Inc. (a) (c)

    83,225        1,587,101   

Ultra Clean Holdings, Inc. (a)

    13,513        120,941   

Ultratech, Inc. (a) (b)

    13,618        309,809   

Veeco Instruments, Inc. (a) (b)

    20,425        713,854   

Vitesse Semiconductor Corp. (a)

    30,139        108,500   

Semiconductors & Semiconductor Equipment—(Continued)

  

Xcerra Corp. (a)

    26,473      259,171   
   

 

 

 
      30,699,520   
   

 

 

 

Software—4.0%

   

ACI Worldwide, Inc. (a)

    55,734        1,045,570   

Actuate Corp. (a)

    25,226        98,381   

Advent Software, Inc.

    25,347        799,951   

American Software, Inc. - Class A

    12,761        112,552   

Aspen Technology, Inc. (a) (c)

    44,793        1,689,592   

AVG Technologies NV (a)

    17,393        288,376   

Barracuda Networks, Inc. (a)

    4,133        106,012   

Blackbaud, Inc.

    23,345        917,225   

Bottomline Technologies de, Inc. (a)

    19,170        528,900   

BroadSoft, Inc. (a) (b)

    14,701        309,309   

Callidus Software, Inc. (a)

    20,244        243,333   

CommVault Systems, Inc. (a)

    23,645        1,191,708   

Compuware Corp.

    107,808        1,143,843   

Comverse, Inc. (a)

    11,872        265,102   

Ebix, Inc. (b)

    16,296        231,077   

Ellie Mae, Inc. (a) (b)

    13,561        442,089   

EnerNOC, Inc. (a) (b)

    13,640        231,334   

EPIQ Systems, Inc.

    13,001        228,298   

ePlus, Inc. (a)

    2,282        127,906   

Fair Isaac Corp.

    15,160        835,316   

FleetMatics Group plc (a) (b)

    18,434        562,237   

Gigamon, Inc. (a) (b)

    12,234        128,090   

Glu Mobile, Inc. (a) (b)

    45,368        234,553   

Guidewire Software, Inc. (a) (b)

    33,292        1,476,167   

Imperva, Inc. (a) (b)

    10,304        296,034   

Infoblox, Inc. (a) (b)

    27,141        400,330   

Interactive Intelligence Group, Inc. (a) (b)

    7,901        330,262   

Jive Software, Inc. (a) (b)

    20,334        118,547   

Kofax, Ltd. (a)

    31,865        246,635   

Manhattan Associates, Inc. (a)

    36,621        1,223,874   

Mentor Graphics Corp.

    48,583        995,709   

MicroStrategy, Inc. - Class A (a)

    4,507        589,696   

Model N, Inc. (a)

    10,589        104,408   

Monotype Imaging Holdings, Inc.

    18,592        526,525   

NetScout Systems, Inc. (a)

    17,336        793,989   

Pegasystems, Inc.

    16,572        316,691   

Progress Software Corp. (a)

    25,065        599,304   

Proofpoint, Inc. (a) (b)

    18,243        677,545   

PROS Holdings, Inc. (a) (b)

    10,832        272,966   

QLIK Technologies, Inc. (a)

    42,908        1,160,232   

Qualys, Inc. (a) (b)

    10,117        269,112   

Rally Software Development Corp. (a) (b)

    12,922        155,193   

RealPage, Inc. (a) (b)

    23,771        368,451   

Sapiens International Corp. NV (a) (b)

    13,011        96,281   

SeaChange International, Inc. (a)

    15,237        106,050   

Silver Spring Networks, Inc. (a) (b)

    17,691        170,718   

SS&C Technologies Holdings, Inc. (a)

    33,357        1,464,039   

Synchronoss Technologies, Inc. (a) (b)

    17,427        797,808   

Take-Two Interactive Software, Inc. (a)

    41,148        949,284   

Tangoe, Inc. (a) (b)

    19,395        262,802   

Telenav, Inc. (a)

    14,945        100,132   

TiVo, Inc. (a)

    56,205        719,143   

 

MSF-173


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Software—(Continued)

  

Tyler Technologies, Inc. (a)

    15,971      $ 1,411,836   

Ultimate Software Group, Inc. (The) (a) (b)

    13,861        1,961,470   

VASCO Data Security International, Inc. (a)

    15,031        282,282   

Verint Systems, Inc. (a)

    29,277        1,628,094   

VirnetX Holding Corp. (a) (b)

    22,272        133,632   

Zendesk, Inc. (a) (b)

    5,010        108,166   
   

 

 

 
      32,874,161   
   

 

 

 

Specialty Retail—3.0%

   

Aeropostale, Inc. (a) (b)

    42,194        138,818   

America’s Car-Mart, Inc. (a) (b)

    3,580        141,732   

American Eagle Outfitters, Inc. (b)

    95,976        1,393,572   

ANN, Inc. (a)

    23,714        975,357   

Asbury Automotive Group, Inc. (a)

    15,098        972,613   

Barnes & Noble, Inc. (a)

    20,590        406,447   

Brown Shoe Co., Inc.

    20,256        549,545   

Buckle, Inc. (The) (b)

    14,188        643,993   

Cato Corp. (The) - Class A (b)

    14,157        487,850   

Children’s Place, Inc. (The) (b)

    10,765        513,060   

Christopher & Banks Corp. (a)

    19,194        189,829   

Citi Trends, Inc. (a)

    8,551        188,977   

Conn’s, Inc. (a) (b)

    13,796        417,605   

Container Store Group, Inc. (The) (a)

    8,770        190,923   

Destination Maternity Corp.

    7,452        115,059   

Express, Inc. (a)

    42,861        669,060   

Finish Line, Inc. (The) - Class A

    24,015        601,095   

Five Below, Inc. (a) (b)

    26,805        1,061,746   

Francesca’s Holdings Corp. (a) (b)

    22,196        309,190   

Genesco, Inc. (a)

    11,779        880,480   

Group 1 Automotive, Inc. (b)

    11,970        870,339   

Guess?, Inc.

    30,485        669,755   

Haverty Furniture Cos., Inc.

    10,391        226,420   

Hibbett Sports, Inc. (a) (b)

    12,576        536,115   

Kirkland’s, Inc. (a)

    9,307        149,936   

Lithia Motors, Inc. - Class A

    11,200        847,728   

Lumber Liquidators Holdings, Inc. (a) (b)

    13,856        795,057   

MarineMax, Inc. (a)

    12,696        213,928   

Mattress Firm Holding Corp. (a) (b)

    6,947        417,237   

Men’s Wearhouse, Inc. (The)

    24,177        1,141,638   

Monro Muffler Brake, Inc.

    16,141        783,323   

Office Depot, Inc. (a) (b)

    263,053        1,352,092   

Outerwall, Inc. (a) (b)

    10,490        588,489   

Pep Boys-Manny Moe & Jack (The) (a)

    28,658        255,343   

Pier 1 Imports, Inc.

    47,023        559,103   

Rent-A-Center, Inc. (b)

    26,759        812,136   

Restoration Hardware Holdings, Inc. (a) (b)

    15,345        1,220,695   

Sears Hometown and Outlet Stores, Inc. (a)

    4,481        69,455   

Select Comfort Corp. (a)

    27,441        574,066   

Shoe Carnival, Inc.

    8,227        146,523   

Sonic Automotive, Inc. - Class A

    18,792        460,592   

Stage Stores, Inc. (b)

    16,362        279,954   

Stein Mart, Inc.

    15,504        179,071   

Tile Shop Holdings, Inc. (a) (b)

    14,624        135,272   

Vitamin Shoppe, Inc. (a)

    15,659        695,103   

Zumiez, Inc. (a) (b)

    11,433        321,267   
   

 

 

 
      25,147,588   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.4%

  

Cray, Inc. (a) (b)

    20,870      547,629   

Dot Hill Systems Corp. (a)

    31,081        117,486   

Eastman Kodak Co. (a)

    7,370        161,919   

Electronics for Imaging, Inc. (a)

    21,537        951,289   

Immersion Corp. (a) (b)

    16,446        141,107   

Nimble Storage, Inc. (a)

    4,797        124,578   

QLogic Corp. (a)

    44,263        405,449   

Quantum Corp. (a) (b)

    116,162        134,748   

Silicon Graphics International Corp. (a) (b)

    18,071        166,795   

Super Micro Computer, Inc. (a)

    17,788        523,323   

Violin Memory, Inc. (a)

    40,996        199,651   
   

 

 

 
      3,473,974   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.0%

   

Columbia Sportswear Co.

    12,824        458,843   

Crocs, Inc. (a) (c)

    43,218        543,682   

G-III Apparel Group, Ltd. (a) (b)

    9,377        776,978   

Iconix Brand Group, Inc. (a) (b)

    23,416        864,987   

Movado Group, Inc.

    10,013        331,030   

Oxford Industries, Inc. (b)

    7,658        467,061   

Perry Ellis International, Inc. (a)

    7,318        148,921   

Quiksilver, Inc. (a) (b)

    70,460        121,191   

Sequential Brands Group, Inc. (a)

    12,654        158,175   

Skechers USA, Inc. - Class A (a)

    18,674        995,511   

Steven Madden, Ltd. (a)

    28,585        921,294   

Tumi Holdings, Inc. (a) (b)

    24,156        491,575   

Unifi, Inc. (a)

    7,892        204,403   

Vera Bradley, Inc. (a) (b)

    10,263        212,239   

Vince Holding Corp. (a)

    5,176        156,626   

Wolverine World Wide, Inc. (b)

    50,526        1,266,182   
   

 

 

 
      8,118,698   
   

 

 

 

Thrifts & Mortgage Finance—1.7%

   

Astoria Financial Corp.

    45,199        560,016   

Bank Mutual Corp.

    24,034        154,058   

BankFinancial Corp. (b)

    12,038        124,954   

Beneficial Mutual Bancorp, Inc. (a)

    12,197        155,878   

Berkshire Hills Bancorp, Inc.

    13,053        306,615   

BofI Holding, Inc. (a) (b)

    7,041        511,951   

Brookline Bancorp, Inc.

    37,158        317,701   

Capitol Federal Financial, Inc.

    67,397        796,633   

Charter Financial Corp.

    12,347        132,113   

Clifton Bancorp, Inc.

    13,646        171,803   

Dime Community Bancshares, Inc.

    15,501        223,214   

Essent Group, Ltd. (a) (b)

    20,744        444,129   

EverBank Financial Corp. (b)

    44,827        791,645   

Federal Agricultural Mortgage Corp. - Class C

    5,480        176,127   

First Defiance Financial Corp.

    5,038        136,076   

Flagstar Bancorp, Inc. (a)

    9,133        153,708   

Fox Chase Bancorp, Inc.

    7,539        122,961   

Franklin Financial Corp. (a) (b)

    2,568        47,790   

Home Loan Servicing Solutions, Ltd.

    36,012        763,094   

HomeStreet, Inc. (b)

    6,935        118,519   

Kearny Financial Corp. (a) (b)

    8,068        107,546   

Ladder Capital Corp. - Class A (a)

    6,177        116,745   

Meridian Bancorp, Inc. (a)

    11,355        119,909   

Meta Financial Group, Inc.

    3,308        116,640   

 

MSF-174


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Thrifts & Mortgage Finance—(Continued)

  

MGIC Investment Corp. (a) (b)

    164,487      $ 1,284,643   

NMI Holdings, Inc. - Class A (a) (b)

    20,655        178,666   

Northfield Bancorp, Inc.

    26,346        358,832   

Northwest Bancshares, Inc.

    43,929        531,541   

OceanFirst Financial Corp.

    6,649        105,786   

Oritani Financial Corp.

    22,475        316,673   

PennyMac Financial Services, Inc. - Class A (a)

    8,785        128,700   

Provident Financial Services, Inc.

    26,534        434,362   

Radian Group, Inc. (b)

    90,306        1,287,764   

Stonegate Mortgage Corp. (a) (b)

    7,537        97,906   

Tree.com, Inc. (a)

    3,375        121,129   

TrustCo Bank Corp. (b)

    47,249        304,284   

United Community Financial Corp.

    26,587        124,427   

United Financial Bancorp, Inc.

    28,056        356,031   

Walker & Dunlop, Inc. (a)

    8,778        116,660   

Washington Federal, Inc.

    49,752        1,012,951   

Waterstone Financial, Inc.

    17,578        203,026   

WSFS Financial Corp.

    4,212        301,621   
   

 

 

 
      13,934,827   
   

 

 

 

Tobacco—0.2%

   

Universal Corp. (b)

    12,065        535,565   

Vector Group, Ltd. (b)

    33,339        739,449   
   

 

 

 
      1,275,014   
   

 

 

 

Trading Companies & Distributors—0.9%

  

Aceto Corp.

    12,889        249,016   

Aircastle, Ltd.

    31,863        521,279   

Applied Industrial Technologies, Inc.

    20,463        934,136   

Beacon Roofing Supply, Inc. (a)

    24,991        636,771   

CAI International, Inc. (a)

    7,804        151,007   

DXP Enterprises, Inc. (a)

    6,409        472,215   

H&E Equipment Services, Inc.

    15,412        620,795   

Houston Wire & Cable Co.

    10,450        125,191   

Kaman Corp.

    14,024        551,143   

Rush Enterprises, Inc. - Class A (a) (b)

    15,309        512,086   

Stock Building Supply Holdings, Inc. (a)

    7,700        120,967   

TAL International Group, Inc. (a)

    16,976        700,260   

Textainer Group Holdings, Ltd.

    10,746        334,416   

Titan Machinery, Inc. (a) (b)

    8,967        116,481   

Watsco, Inc.

    12,890        1,110,860   
   

 

 

 
      7,156,623   
   

 

 

 

Transportation Infrastructure—0.1%

  

Wesco Aircraft Holdings, Inc. (a)

    25,919        450,991   
   

 

 

 

Water Utilities—0.2%

  

American States Water Co.

    19,788        601,951   

California Water Service Group

    24,670        553,595   

Connecticut Water Service, Inc.

    4,766        154,895   

Middlesex Water Co.

    7,497        146,941   

SJW Corp.

    7,394        198,677   

York Water Co. (b)

    6,695        133,900   
   

 

 

 
      1,789,959   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

NTELOS Holdings Corp. (b)

    7,785      82,833   

RingCentral, Inc. - Class A (a) (b)

    14,216        180,685   

Shenandoah Telecommunications Co. (b)

    12,542        311,167   

Spok Holdings, Inc.

    11,723        152,516   
   

 

 

 
      727,201   
   

 

 

 

Total Common Stocks
(Cost $603,561,043)

      778,587,547   
   

 

 

 
Investment Company Security—3.5%   

iShares Russell 2000 Index Fund (b)
(Cost $29,984,217)

    263,300        28,791,855   
   

 

 

 
Rights—0.0%   

Life Sciences Tools & Services—0.0%

   

Furiex Pharmaceuticals, Inc. (a) (d) (e)

    3,553        34,713   
   

 

 

 

Wireless Telecommunication Services—0.0%

  

Leap Wireless International, Inc. (a) (d) (e)

    27,485        69,262   
   

 

 

 

Total Rights
(Cost $103,975)

      103,975   
   

 

 

 
Warrant—0.0%   

Oil, Gas & Consumable Fuels—0.0%

  

Magnum Hunter Resources Corp., Expires 04/15/16 (a) (b) (d)
(Cost $0)

    8,794        0   
   

 

 

 
Short-Term Investments—26.7%   

Discount Notes—2.8%

  

Federal Home Loan Bank

   

0.005%, 10/27/14 (f)

    125,000        125,000   

0.020%, 12/19/14 (f)

    2,550,000        2,549,888   

0.058%, 10/03/14 (f)

    925,000        924,996   

0.064%, 11/14/14 (f)

    2,625,000        2,624,793   

0.074%, 10/24/14 (f)

    4,400,000        4,399,785   

0.075%, 11/12/14 (f)

    9,300,000        9,299,179   

0.081%, 03/03/15 (f)

    625,000        624,787   

Federal National Mortgage Association

   

0.019%, 12/24/14 (f)

    500,000        499,978   

0.087%, 02/25/15 (f)

    2,525,000        2,524,113   
   

 

 

 
      23,572,519   
   

 

 

 

Mutual Fund—23.8%

  

State Street Navigator Securities Lending MET Portfolio (g)

    198,388,058        198,388,058   
   

 

 

 

 

MSF-175


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—0.1%

  

U.S. Treasury Bill
0.032%, 03/19/15 (f)

    450,000      $ 449,933   
   

 

 

 

Total Short-Term Investments
(Cost $222,410,510)

      222,410,510   
   

 

 

 

Total Investments—123.8%
(Cost $856,059,745) (h)

      1,029,893,887   

Other assets and liabilities (net)—(23.8)%

      (198,208,747
   

 

 

 
Net Assets—100.0%     $ 831,685,140   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $189,848,518 and the collateral received consisted of cash in the amount of $198,388,058 and non-cash collateral with a value of $1,025,671. 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 is 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, 2014, the market value of securities pledged was $3,127,071.
(d) Illiquid security. As of September 30, 2014, these securities represent 0.0% of net assets.
(e) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2014, these securities represent less than 0.05% of net assets.
(f) The rate shown represents current yield to maturity.
(g) Represents investment of cash collateral received from securities lending transactions.
(h) As of September 30, 2014, the aggregate cost of investments was $856,059,745. The aggregate unrealized appreciation and depreciation of investments were $228,532,099 and $(54,697,957), respectively, resulting in net unrealized appreciation of $173,834,142.

Futures Contracts

 

Futures Contracts—Long

  Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

Russell 2000 Mini Index Futures

    12/19/14         197         USD 23,001,082       $ (1,398,062
          

 

 

 

 

(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stocks

   $ 778,587,547       $ —         $ —         $ 778,587,547   

Total Investment Company Security

     28,791,855         —           —           28,791,855   

Total Rights*

     —           —           103,975         103,975   

Total Warrant*

     0         —           —           0   

 

MSF-176


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  
Short-Term Investments          

Discount Notes

   $ —        $ 23,572,519      $ —         $ 23,572,519   

Mutual Fund

     198,388,058        —          —           198,388,058   

U.S. Treasury

     —          449,933        —           449,933   

Total Short-Term Investments

     198,388,058        24,022,452        —           222,410,510   

Total Investments

   $ 1,005,767,460      $ 24,022,452      $ 103,975       $ 1,029,893,887   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (198,388,058   $ —         $ (198,388,058
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (1,398,062   $ —        $ —         $ (1,398,062

 

* See Schedule of Investments for additional detailed categorizations.

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

 

Investments in Securities

   Balance as of
December 31,
2013
     Change in
Unrealized
Appreciation/
(Depreciation)
     Purchases      Balance
as of
September 30,
2014
     Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
Still Held at
September 30,
2014
 
Rights               

Life Sciences Tools & Services

   $       $ 0       $ 34,713       $ 34,713       $ 0   

Wireless Telecommunication Services

             0         69,262         69,262         0   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
   $       $ 0       $ 103,975       $ 103,975       $ 0   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

MSF-177


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—99.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—4.2%

  

Boeing Co. (The)

    284,000      $ 36,175,920   

Precision Castparts Corp.

    177,280        41,994,087   

United Technologies Corp.

    211,800        22,366,080   
   

 

 

 
      100,536,087   
   

 

 

 

Air Freight & Logistics—0.6%

  

FedEx Corp.

    94,500        15,257,025   
   

 

 

 

Airlines—2.1%

  

American Airlines Group, Inc.

    902,800        32,031,344   

Delta Air Lines, Inc.

    140,800        5,089,920   

United Continental Holdings, Inc. (a)

    264,800        12,389,992   
   

 

 

 
      49,511,256   
   

 

 

 

Auto Components—0.6%

  

Delphi Automotive plc

    251,500        15,427,010   
   

 

 

 

Automobiles—0.9%

  

Harley-Davidson, Inc.

    89,600        5,214,720   

Tesla Motors, Inc. (a) (b)

    64,990        15,771,773   
   

 

 

 
      20,986,493   
   

 

 

 

Beverages—0.4%

  

PepsiCo, Inc.

    99,300        9,243,837   
   

 

 

 

Biotechnology—9.8%

  

Alexion Pharmaceuticals, Inc. (a)

    177,540        29,439,683   

Biogen Idec, Inc. (a)

    156,190        51,669,214   

Celgene Corp. (a)

    294,134        27,878,020   

Gilead Sciences, Inc. (a)

    691,200        73,578,240   

Incyte Corp. (a) (b)

    174,800        8,573,940   

Pharmacyclics, Inc. (a) (b)

    100,500        11,801,715   

Regeneron Pharmaceuticals, Inc. (a)

    34,850        12,564,122   

Vertex Pharmaceuticals, Inc. (a)

    161,600        18,149,296   
   

 

 

 
      233,654,230   
   

 

 

 

Capital Markets—3.0%

  

BlackRock, Inc.

    38,200        12,541,824   

Invesco, Ltd.

    243,088        9,597,114   

Morgan Stanley

    594,900        20,565,693   

State Street Corp.

    190,200        14,000,622   

TD Ameritrade Holding Corp. (b)

    402,600        13,434,762   
   

 

 

 
      70,140,015   
   

 

 

 

Chemicals—2.5%

  

Ecolab, Inc.

    216,400        24,849,212   

Praxair, Inc.

    33,650        4,340,850   

Sherwin-Williams Co. (The)

    135,320        29,633,727   
   

 

 

 
      58,823,789   
   

 

 

 

Commercial Services & Supplies—0.7%

  

Tyco International, Ltd.

    379,000        16,892,030   
   

 

 

 

Construction Materials—0.3%

  

Martin Marietta Materials, Inc. (b)

    63,400        8,174,796   
   

 

 

 

Consumer Finance—0.2%

  

American Express Co.

    65,700      5,751,378   
   

 

 

 

Diversified Financial Services—0.6%

  

Intercontinental Exchange, Inc.

    67,108        13,089,415   
   

 

 

 

Food & Staples Retailing—2.1%

  

Costco Wholesale Corp.

    115,900        14,524,588   

CVS Health Corp.

    317,300        25,253,907   

Walgreen Co.

    158,100        9,370,587   
   

 

 

 
      49,149,082   
   

 

 

 

Health Care Equipment & Supplies—1.3%

  

IDEXX Laboratories, Inc. (a) (b)

    31,800        3,746,994   

Intuitive Surgical, Inc. (a)

    58,100        26,831,742   
   

 

 

 
      30,578,736   
   

 

 

 

Health Care Providers & Services—3.4%

  

Humana, Inc.

    102,313        13,330,361   

McKesson Corp.

    259,100        50,438,997   

UnitedHealth Group, Inc.

    196,800        16,974,000   
   

 

 

 
      80,743,358   
   

 

 

 

Hotels, Restaurants & Leisure—7.0%

  

Chipotle Mexican Grill, Inc. (a)

    38,800        25,863,692   

Las Vegas Sands Corp.

    397,700        24,740,917   

MGM Resorts International (a)

    858,320        19,552,530   

Starbucks Corp.

    456,100        34,417,306   

Starwood Hotels & Resorts Worldwide, Inc.

    140,000        11,649,400   

Wynn Macau, Ltd.

    3,569,200        11,365,256   

Wynn Resorts, Ltd.

    201,600        37,715,328   
   

 

 

 
      165,304,429   
   

 

 

 

Industrial Conglomerates—2.9%

  

Danaher Corp.

    593,600        45,101,728   

Roper Industries, Inc.

    160,340        23,456,139   
   

 

 

 
      68,557,867   
   

 

 

 

Internet & Catalog Retail—9.4%

  

Amazon.com, Inc. (a)

    287,305        92,638,625   

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

    308,500        17,510,460   

Netflix, Inc. (a)

    48,800        22,017,584   

Priceline Group, Inc. (The) (a)

    64,640        74,890,611   

Vipshop Holdings, Ltd. (ADR) (a)

    80,900        15,290,909   
   

 

 

 
      222,348,189   
   

 

 

 

Internet Software & Services—12.8%

  

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

    336,156        29,867,460   

Baidu, Inc. (ADR) (a)

    190,090        41,483,341   

Facebook, Inc. - Class A (a)

    562,700        44,475,808   

Google, Inc. - Class A (a)

    124,370        73,180,552   

Google, Inc. - Class C (a)

    127,370        73,538,343   

LinkedIn Corp. - Class A (a)

    83,820        17,416,958   

NAVER Corp.

    13,970        10,594,051   

Pandora Media, Inc. (a) (b)

    186,900        4,515,504   

 

MSF-178


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet Software & Services—(Continued)

  

Tencent Holdings, Ltd.

    603,785      $ 8,972,433   
   

 

 

 
      304,044,450   
   

 

 

 

IT Services—5.3%

  

Fiserv, Inc. (a)

    152,800        9,876,228   

MasterCard, Inc. - Class A

    670,400        49,555,968   

Visa, Inc. - Class A

    307,630        65,639,013   
   

 

 

 
      125,071,209   
   

 

 

 

Machinery—0.8%

  

Flowserve Corp.

    78,300        5,521,716   

Wabtec Corp.

    175,900        14,254,936   
   

 

 

 
      19,776,652   
   

 

 

 

Media—1.6%

  

Twenty-First Century Fox, Inc. - Class A

    240,200        8,236,458   

Walt Disney Co. (The)

    331,946        29,553,152   
   

 

 

 
      37,789,610   
   

 

 

 

Oil, Gas & Consumable Fuels—3.7%

  

Concho Resources, Inc. (a)

    92,600        11,611,114   

Continental Resources, Inc. (a) (b)

    173,100        11,507,688   

EQT Corp.

    190,300        17,420,062   

Pioneer Natural Resources Co.

    150,160        29,577,015   

Range Resources Corp.

    251,658        17,064,929   
   

 

 

 
      87,180,808   
   

 

 

 

Personal Products—0.4%

  

Estee Lauder Cos., Inc. (The) - Class A

    126,400        9,444,608   
   

 

 

 

Pharmaceuticals—2.4%

  

Allergan, Inc.

    133,000        23,699,270   

Valeant Pharmaceuticals International, Inc. (a)

    252,000        33,062,400   
   

 

 

 
      56,761,670   
   

 

 

 

Real Estate Investment Trusts—3.9%

  

American Tower Corp.

    449,500        42,086,685   

Crown Castle International Corp.

    627,678        50,546,909   
   

 

 

 
      92,633,594   
   

 

 

 

Road & Rail—1.1%

  

J.B. Hunt Transport Services, Inc.

    117,900        8,730,495   

Kansas City Southern

    152,900        18,531,480   
   

 

 

 
      27,261,975   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.7%

  

ASML Holding NV (b)

    166,700        16,473,294   
   

 

 

 

Software—3.9%

  

Mobileye NV (a) (b)

    148,600        7,963,474   

NetSuite, Inc. (a) (b)

    121,200        10,852,248   

Red Hat, Inc. (a)

    242,500        13,616,375   

Salesforce.com, Inc. (a)

    527,160        30,327,515   

ServiceNow, Inc. (a) (b)

    180,100        10,586,278   

VMware, Inc. - Class A (a) (b)

    128,700        12,077,208   

Software—(Continued)

  

Workday, Inc. - Class A (a) (b)

    91,300      7,532,250   
   

 

 

 
      92,955,348   
   

 

 

 

Specialty Retail—5.4%

  

AutoZone, Inc. (a)

    49,340        25,146,624   

CarMax, Inc. (a) (b)

    389,300        18,082,985   

Home Depot, Inc. (The)

    284,600        26,109,204   

Lowe’s Cos., Inc.

    567,900        30,053,268   

Ross Stores, Inc.

    103,400        7,814,972   

Tractor Supply Co. (b)

    336,782        20,715,461   
   

 

 

 
      127,922,514   
   

 

 

 

Technology Hardware, Storage & Peripherals—2.2%

  

Apple, Inc.

    367,140        36,989,355   

Stratasys, Ltd. (a) (b)

    133,100        16,075,818   
   

 

 

 
      53,065,173   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.1%

  

Hanesbrands, Inc.

    138,600        14,891,184   

Michael Kors Holdings, Ltd. (a)

    176,900        12,628,891   

NIKE, Inc. - Class B

    160,900        14,352,280   

Under Armour, Inc. - Class A (a) (b)

    127,500        8,810,250   
   

 

 

 
      50,682,605   
   

 

 

 

Trading Companies & Distributors—0.4%

  

WW Grainger, Inc. (b)

    33,400        8,405,110   
   

 

 

 

Wireless Telecommunication Services—0.9%

  

SoftBank Corp.

    302,600        21,241,553   
   

 

 

 

Total Common Stocks
(Cost $1,766,959,096)

      2,364,879,195   
   

 

 

 
Convertible Preferred Stocks—0.2%   

Internet Software & Services—0.2%

  

Airbnb, Inc. - Series D (a) (c) (d)

    97,047        3,929,433   

Living Social, Inc. - Class F (a) (c) (d)

    101,591        46,732   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $4,732,313)

      3,976,165   
   

 

 

 
Short-Term Investments—7.1%   

Mutual Funds—7.1%

  

State Street Navigator Securities Lending MET Portfolio (e)

    159,478,151        159,478,151   

T. Rowe Price Government Reserve Investment Fund (f)

    8,703,543        8,703,543   
   

 

 

 

Total Short-Term Investments
(Cost $168,181,694)

      168,181,694   
   

 

 

 

Total Investments—106.9%
(Cost $1,939,873,103) (g)

      2,537,037,054   

Other assets and liabilities (net)—(6.9)%

      (162,900,936
   

 

 

 
Net Assets—100.0%     $ 2,374,136,118   
   

 

 

 

 

MSF-179


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

 

(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $154,292,735 and the collateral received consisted of cash in the amount of $159,478,151 and non-cash collateral with a value of $446,644. 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 is 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. As of September 30, 2014, these securities represent 0.2% of net assets.
(d) Restricted securities are not registered under the Securities Act of 1933 and are subject to legal restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are subsequently registered. Disposal of these securities may involve time-consuming negotiations and prompt sale at an acceptable price may be difficult. As of September 30, 2014, the market value of restricted securities was $3,976,165, which is 0.2% of net assets. See details shown in the Restricted Securities table that follows.
(e) Represents investment of cash collateral received from securities lending transactions.
(f) Affiliated Issuer.
(g) As of September 30, 2014, the aggregate cost of investments was $1,939,873,103. The aggregate unrealized appreciation and depreciation of investments were $613,231,309 and $(16,067,358), respectively, resulting in net unrealized appreciation of $597,163,951.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

Restricted Securities

   Acquisition
Date
   Shares      Cost      Value  

Airbnb, Inc. - Series D

   04/16/14      97,047       $ 3,951,078       $ 3,929,433   

Living Social, Inc. - Class F

   11/18/11      101,591         781,235         46,732   
           

 

 

 
            $ 3,976,165   
           

 

 

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 100,536,087       $ —         $ —         $ 100,536,087   

Air Freight & Logistics

     15,257,025         —           —           15,257,025   

Airlines

     49,511,256         —           —           49,511,256   

Auto Components

     15,427,010         —           —           15,427,010   

Automobiles

     20,986,493         —           —           20,986,493   

Beverages

     9,243,837         —           —           9,243,837   

Biotechnology

     233,654,230         —           —           233,654,230   

Capital Markets

     70,140,015         —           —           70,140,015   

Chemicals

     58,823,789         —           —           58,823,789   

Commercial Services & Supplies

     16,892,030         —           —           16,892,030   

Construction Materials

     8,174,796         —           —           8,174,796   

 

MSF-180


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Consumer Finance

   $ 5,751,378       $ —        $ —         $ 5,751,378   

Diversified Financial Services

     13,089,415         —          —           13,089,415   

Food & Staples Retailing

     49,149,082         —          —           49,149,082   

Health Care Equipment & Supplies

     30,578,736         —          —           30,578,736   

Health Care Providers & Services

     80,743,358         —          —           80,743,358   

Hotels, Restaurants & Leisure

     153,939,173         11,365,256        —           165,304,429   

Industrial Conglomerates

     68,557,867         —          —           68,557,867   

Internet & Catalog Retail

     222,348,189         —          —           222,348,189   

Internet Software & Services

     284,477,966         19,566,484        —           304,044,450   

IT Services

     125,071,209         —          —           125,071,209   

Machinery

     19,776,652         —          —           19,776,652   

Media

     37,789,610         —          —           37,789,610   

Oil, Gas & Consumable Fuels

     87,180,808         —          —           87,180,808   

Personal Products

     9,444,608         —          —           9,444,608   

Pharmaceuticals

     56,761,670         —          —           56,761,670   

Real Estate Investment Trusts

     92,633,594         —          —           92,633,594   

Road & Rail

     27,261,975         —          —           27,261,975   

Semiconductors & Semiconductor Equipment

     16,473,294         —          —           16,473,294   

Software

     92,955,348         —          —           92,955,348   

Specialty Retail

     127,922,514         —          —           127,922,514   

Technology Hardware, Storage & Peripherals

     53,065,173         —          —           53,065,173   

Textiles, Apparel & Luxury Goods

     50,682,605         —          —           50,682,605   

Trading Companies & Distributors

     8,405,110         —          —           8,405,110   

Wireless Telecommunication Services

     —           21,241,553        —           21,241,553   

Total Common Stocks

     2,312,705,902         52,173,293        —           2,364,879,195   

Total Convertible Preferred Stocks*

     —           —          3,976,165         3,976,165   

Total Short-Term Investments*

     168,181,694         —          —           168,181,694   

Total Investments

   $ 2,480,887,596       $ 52,173,293      $ 3,976,165       $ 2,537,037,054   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (159,478,151   $ —         $ (159,478,151

 

* See Schedule of Investments for additional detailed categorizations.

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

 

Investments in Securities

   Balance as of
December 31,
2013
     Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases      Balance as of
September 30,
2014
     Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
Still Held at
September 30,
2014
 

Convertible Preferred Stocks
Internet Software & Services

   $ 64,002       $ (38,915   $ 3,951,078       $ 3,976,165       $ (38,915
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

MSF-181


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—99.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.4%

  

Esterline Technologies Corp. (a)

    40,400      $ 4,495,308   

GenCorp, Inc. (a) (b)

    122,500        1,956,325   

HEICO Corp. - Class A

    142,381        5,737,954   

Hexcel Corp. (a)

    116,600        4,629,020   

Teledyne Technologies, Inc. (a)

    85,500        8,037,855   

TransDigm Group, Inc.

    28,700        5,290,271   
   

 

 

 
      30,146,733   
   

 

 

 

Airlines—0.9%

  

Allegiant Travel Co.

    23,100        2,856,546   

Spirit Airlines, Inc. (a)

    118,400        8,186,176   
   

 

 

 
      11,042,722   
   

 

 

 

Auto Components—0.4%

  

Dana Holding Corp.

    37,100        711,207   

Tenneco, Inc. (a)

    96,700        5,058,377   
   

 

 

 
      5,769,584   
   

 

 

 

Banks—1.3%

  

Signature Bank (a)

    64,200        7,194,252   

SVB Financial Group (a)

    46,700        5,234,603   

Texas Capital Bancshares, Inc. (a)

    77,300        4,458,664   
   

 

 

 
      16,887,519   
   

 

 

 

Beverages—0.7%

  

Boston Beer Co., Inc. (The) - Class A (a)

    40,187        8,911,869   
   

 

 

 

Biotechnology—7.9%

  

ACADIA Pharmaceuticals, Inc. (a) (b)

    107,800        2,669,128   

Acceleron Pharma, Inc. (a) (b)

    54,000        1,632,960   

Acorda Therapeutics, Inc. (a) (b)

    43,200        1,463,616   

Aegerion Pharmaceuticals, Inc. (a) (b)

    38,300        1,278,454   

Alkermes plc (a)

    157,000        6,730,590   

Alnylam Pharmaceuticals, Inc. (a) (b)

    60,500        4,725,050   

AMAG Pharmaceuticals, Inc. (a) (b)

    43,700        1,394,467   

BioMarin Pharmaceutical, Inc. (a)

    74,900        5,404,784   

Cepheid, Inc. (a) (b)

    85,500        3,764,565   

Cubist Pharmaceuticals, Inc. (a)

    101,700        6,746,778   

Exelixis, Inc. (a) (b)

    359,200        549,576   

Incyte Corp. (a)

    180,900        8,873,145   

Intercept Pharmaceuticals, Inc. (a)

    14,300        3,384,667   

Isis Pharmaceuticals, Inc. (a) (b)

    116,900        4,539,227   

Ligand Pharmaceuticals, Inc. (a) (b)

    41,400        1,945,386   

Medivation, Inc. (a)

    29,700        2,936,439   

Neurocrine Biosciences, Inc. (a) (b)

    170,700        2,674,869   

Novavax, Inc. (a)

    185,100        771,867   

NPS Pharmaceuticals, Inc. (a)

    143,500        3,731,000   

Ophthotech Corp. (a)

    16,600        646,238   

Opko Health, Inc. (a) (b)

    170,400        1,450,104   

Pharmacyclics, Inc. (a) (b)

    62,200        7,304,146   

Prothena Corp. plc (a) (b)

    40,300        893,048   

Puma Biotechnology, Inc. (a) (b)

    54,900        13,097,493   

Seattle Genetics, Inc. (a) (b)

    90,700        3,372,226   

Sunesis Pharmaceuticals, Inc. (a) (b)

    76,600        546,924   

United Therapeutics Corp. (a)

    67,900        8,735,335   
   

 

 

 
      101,262,082   
   

 

 

 

Building Products—0.4%

  

AAON, Inc. (b)

    165,599      2,816,839   

Lennox International, Inc.

    28,500        2,190,795   
   

 

 

 
      5,007,634   
   

 

 

 

Capital Markets—2.1%

  

Affiliated Managers Group, Inc. (a)

    23,949        4,798,422   

E*Trade Financial Corp. (a)

    372,760        8,420,648   

Financial Engines, Inc. (b)

    97,500        3,335,963   

Virtus Investment Partners, Inc.

    17,400        3,022,380   

Waddell & Reed Financial, Inc. - Class A

    146,800        7,588,092   
   

 

 

 
      27,165,505   
   

 

 

 

Chemicals—1.9%

  

NewMarket Corp. (b)

    25,500        9,716,010   

PolyOne Corp.

    152,900        5,440,182   

Stepan Co.

    71,700        3,182,046   

WR Grace & Co. (a)

    70,200        6,383,988   
   

 

 

 
      24,722,226   
   

 

 

 

Commercial Services & Supplies—1.9%

  

Civeo Corp.

    102,500        1,190,025   

Clean Harbors, Inc. (a)

    80,900        4,362,128   

Healthcare Services Group, Inc. (b)

    131,500        3,762,215   

Rollins, Inc.

    136,850        4,006,968   

Team, Inc. (a)

    65,900        2,498,269   

U.S. Ecology, Inc.

    73,400        3,432,184   

Waste Connections, Inc.

    101,200        4,910,224   
   

 

 

 
      24,162,013   
   

 

 

 

Communications Equipment—1.8%

  

ADTRAN, Inc.

    41,600        854,048   

Aruba Networks, Inc. (a)

    156,500        3,377,270   

EchoStar Corp. - Class A (a)

    93,500        4,559,060   

JDS Uniphase Corp. (a)

    221,200        2,831,360   

Plantronics, Inc.

    90,400        4,319,312   

Polycom, Inc. (a)

    122,886        1,509,655   

Riverbed Technology, Inc. (a)

    212,167        3,934,637   

Ubiquiti Networks, Inc. (a) (b)

    57,800        2,169,234   
   

 

 

 
      23,554,576   
   

 

 

 

Consumer Finance—0.5%

  

Portfolio Recovery Associates, Inc. (a) (b)

    126,300        6,596,649   

World Acceptance Corp. (a) (b)

    6,700        452,250   
   

 

 

 
      7,048,899   
   

 

 

 

Containers & Packaging—1.1%

  

Berry Plastics Group, Inc. (a)

    163,700        4,131,788   

Graphic Packaging Holding Co. (a)

    597,800        7,430,654   

Rock-Tenn Co. - Class A

    48,600        2,312,388   
   

 

 

 
      13,874,830   
   

 

 

 

Distributors—0.6%

  

LKQ Corp. (a)

    82,600        2,196,334   

Pool Corp.

    94,200        5,079,264   
   

 

 

 
      7,275,598   
   

 

 

 

 

MSF-182


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Consumer Services—0.6%

  

Ascent Capital Group, Inc. - Class A (a)

    50,100      $ 3,016,020   

Sotheby’s (b)

    103,600        3,700,592   

Steiner Leisure, Ltd. (a)

    19,700        740,523   
   

 

 

 
      7,457,135   
   

 

 

 

Diversified Financial Services—1.0%

  

CBOE Holdings, Inc.

    114,600        6,133,965   

MarketAxess Holdings, Inc.

    79,700        4,930,242   

MSCI, Inc. (a)

    22,678        1,066,319   

NewStar Financial, Inc. (a) (b)

    70,191        788,947   
   

 

 

 
      12,919,473   
   

 

 

 

Diversified Telecommunication Services—0.3%

  

tw telecom, Inc. (a)

    104,500        4,348,245   
   

 

 

 

Electrical Equipment—1.0%

  

Acuity Brands, Inc.

    67,200        7,910,112   

Generac Holdings, Inc. (a) (b)

    114,900        4,658,046   
   

 

 

 
      12,568,158   
   

 

 

 

Electronic Equipment, Instruments & Components—2.2%

  

Anixter International, Inc.

    90,700        7,694,988   

Cognex Corp. (a)

    154,300        6,213,661   

Coherent, Inc. (a)

    83,700        5,136,669   

FARO Technologies, Inc. (a)

    26,400        1,339,800   

FEI Co.

    100,200        7,557,084   
   

 

 

 
      27,942,202   
   

 

 

 

Energy Equipment & Services—1.8%

  

Atwood Oceanics, Inc. (a)

    65,400        2,857,326   

Core Laboratories NV

    27,100        3,966,085   

Dril-Quip, Inc. (a)

    58,900        5,265,660   

Oceaneering International, Inc.

    54,900        3,577,833   

Oil States International, Inc. (a)

    47,500        2,940,250   

Tesco Corp. (b)

    132,700        2,634,095   

Unit Corp. (a)

    25,500        1,495,575   
   

 

 

 
      22,736,824   
   

 

 

 

Food & Staples Retailing—0.6%

  

Rite Aid Corp. (a)

    1,609,800        7,791,432   
   

 

 

 

Food Products—1.5%

  

J&J Snack Foods Corp.

    99,400        9,299,864   

TreeHouse Foods, Inc. (a)

    118,700        9,555,350   
   

 

 

 
      18,855,214   
   

 

 

 

Health Care Equipment & Supplies—3.5%

  

Align Technology, Inc. (a)

    137,600        7,111,168   

Cooper Cos., Inc. (The)

    41,500        6,463,625   

DexCom, Inc. (a) (b)

    114,100        4,562,859   

HeartWare International, Inc. (a) (b)

    18,300        1,420,629   

ICU Medical, Inc. (a)

    38,200        2,451,676   

IDEXX Laboratories, Inc. (a) (b)

    45,800        5,396,614   

Masimo Corp. (a) (b)

    70,600        1,502,368   

Health Care Equipment & Supplies—(Continued)

  

Sirona Dental Systems, Inc. (a)

    99,600      7,637,328   

Thoratec Corp. (a)

    73,800        1,972,674   

Volcano Corp. (a) (b)

    44,800        476,672   

West Pharmaceutical Services, Inc.

    117,800        5,272,728   
   

 

 

 
      44,268,341   
   

 

 

 

Health Care Providers & Services—3.5%

  

Air Methods Corp. (a) (b)

    121,700        6,760,435   

Centene Corp. (a)

    79,600        6,583,716   

Chemed Corp.

    13,200        1,358,280   

Corvel Corp. (a)

    98,900        3,367,545   

HealthSouth Corp.

    123,800        4,568,220   

MEDNAX, Inc. (a)

    89,500        4,906,390   

MWI Veterinary Supply, Inc. (a)

    36,500        5,416,600   

Team Health Holdings, Inc. (a)

    146,100        8,472,339   

WellCare Health Plans, Inc. (a)

    50,800        3,065,272   
   

 

 

 
      44,498,797   
   

 

 

 

Health Care Technology—0.2%

  

athenahealth, Inc. (a) (b)

    15,600        2,054,364   
   

 

 

 

Hotels, Restaurants & Leisure—5.2%

  

Bally Technologies, Inc. (a) (b)

    80,500        6,496,350   

Brinker International, Inc.

    124,700        6,333,513   

Buffalo Wild Wings, Inc. (a) (b)

    33,300        4,471,191   

Cheesecake Factory, Inc. (The) (b)

    69,900        3,180,450   

Choice Hotels International, Inc. (b)

    99,300        5,163,600   

Denny’s Corp. (a)

    684,600        4,812,738   

Domino’s Pizza, Inc.

    119,500        9,196,720   

Jack in the Box, Inc.

    62,000        4,227,780   

Marriott Vacations Worldwide Corp. (a)

    77,200        4,895,252   

Red Robin Gourmet Burgers, Inc. (a)

    63,300        3,601,770   

Six Flags Entertainment Corp. (b)

    167,200        5,750,008   

Vail Resorts, Inc.

    95,300        8,268,228   
   

 

 

 
      66,397,600   
   

 

 

 

Household Durables—0.6%

  

Helen of Troy, Ltd. (a)

    112,500        5,908,500   

iRobot Corp. (a) (b)

    74,800        2,277,660   
   

 

 

 
      8,186,160   
   

 

 

 

Insurance—0.2%

  

Amtrust Financial Services, Inc. (b)

    77,578        3,089,156   
   

 

 

 

Internet & Catalog Retail—1.7%

  

HSN, Inc.

    126,700        7,775,579   

Liberty TripAdvisor Holdings, Inc. - Class A (a)

    127,900        4,335,810   

Liberty Ventures - Series A (a)

    127,900        4,855,084   

Shutterfly, Inc. (a) (b)

    91,400        4,454,836   
   

 

 

 
      21,421,309   
   

 

 

 

Internet Software & Services—2.7%

  

Conversant, Inc. (a) (b)

    114,700        3,928,475   

Cornerstone OnDemand, Inc. (a) (b)

    96,500        3,320,565   

CoStar Group, Inc. (a)

    42,800        6,657,112   

 

MSF-183


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet Software & Services—(Continued)

  

Envestnet, Inc. (a)

    104,900      $ 4,720,500   

j2 Global, Inc. (b)

    68,600        3,386,096   

MercadoLibre, Inc. (b)

    45,200        4,910,980   

Perficient, Inc. (a)

    128,400        1,924,716   

WebMD Health Corp. (a) (b)

    122,900        5,138,449   
   

 

 

 
      33,986,893   
   

 

 

 

IT Services—5.5%

  

Cardtronics, Inc. (a) (b)

    157,900        5,558,080   

CoreLogic, Inc. (a)

    229,600        6,215,272   

DST Systems, Inc.

    49,200        4,128,864   

Euronet Worldwide, Inc. (a)

    139,800        6,681,042   

Gartner, Inc. (a)

    128,600        9,448,242   

Heartland Payment Systems, Inc. (b)

    147,760        7,051,107   

Jack Henry & Associates, Inc.

    97,400        5,421,284   

MAXIMUS, Inc.

    253,000        10,152,890   

TeleTech Holdings, Inc. (a)

    48,100        1,182,298   

Unisys Corp. (a) (b)

    85,909        2,011,130   

VeriFone Systems, Inc. (a)

    82,200        2,826,036   

WEX, Inc. (a)

    92,800        10,237,696   
   

 

 

 
      70,913,941   
   

 

 

 

Leisure Products—1.0%

  

Brunswick Corp.

    119,300        5,027,302   

Polaris Industries, Inc.

    54,600        8,178,534   
   

 

 

 
      13,205,836   
   

 

 

 

Life Sciences Tools & Services—1.2%

  

Bio-Rad Laboratories, Inc. - Class A (a)

    22,000        2,494,800   

Bruker Corp. (a)

    110,700        2,049,611   

Illumina, Inc. (a)

    15,400        2,524,368   

Mettler-Toledo International, Inc. (a)

    10,200        2,612,526   

PAREXEL International Corp. (a) (b)

    93,900        5,924,151   
   

 

 

 
      15,605,456   
   

 

 

 

Machinery—6.5%

  

Actuant Corp. - Class A

    127,200        3,882,144   

Chart Industries, Inc. (a) (b)

    34,100        2,084,533   

Graco, Inc.

    82,100        5,991,658   

Hyster-Yale Materials Handling, Inc.

    33,694        2,413,164   

IDEX Corp.

    71,300        5,159,981   

John Bean Technologies Corp.

    140,800        3,960,704   

Lincoln Electric Holdings, Inc.

    104,100        7,196,954   

Middleby Corp. (The) (a)

    143,200        12,620,216   

Nordson Corp.

    88,700        6,747,409   

Standex International Corp.

    30,300        2,246,442   

Sun Hydraulics Corp.

    62,100        2,334,339   

Toro Co. (The)

    146,100        8,653,503   

Valmont Industries, Inc. (b)

    46,500        6,274,245   

Wabtec Corp.

    132,600        10,745,904   

Woodward, Inc.

    66,500        3,166,730   
   

 

 

 
      83,477,926   
   

 

 

 

Marine—0.8%

  

Kirby Corp. (a)

    84,800        9,993,680   
   

 

 

 

Media—1.1%

  

John Wiley & Sons, Inc. - Class A

    20,700      1,161,477   

Live Nation Entertainment, Inc. (a)

    319,000        7,662,380   

Starz - Class A (a)

    157,000        5,193,560   
   

 

 

 
      14,017,417   
   

 

 

 

Metals & Mining—0.7%

  

Compass Minerals International, Inc.

    31,100        2,621,108   

Stillwater Mining Co. (a) (b)

    153,700        2,310,111   

Worthington Industries, Inc.

    110,700        4,120,254   
   

 

 

 
      9,051,473   
   

 

 

 

Multiline Retail—0.2%

  

Big Lots, Inc.

    65,100        2,802,555   
   

 

 

 

Oil, Gas & Consumable Fuels—4.6%

  

Athlon Energy, Inc. (a)

    90,200        5,252,346   

Bonanza Creek Energy, Inc. (a)

    49,900        2,839,310   

Carrizo Oil & Gas, Inc. (a)

    66,300        3,568,266   

Clayton Williams Energy, Inc. (a)

    36,400        3,510,780   

Contango Oil & Gas Co. (a)

    73,400        2,439,816   

Diamondback Energy, Inc. (a)

    69,600        5,204,688   

Gran Tierra Energy, Inc. (a)

    341,400        1,891,356   

Oasis Petroleum, Inc. (a)

    142,000        5,937,020   

Rosetta Resources, Inc. (a)

    80,400        3,582,624   

SemGroup Corp. - Class A

    109,600        9,126,392   

SM Energy Co.

    65,100        5,077,800   

Stone Energy Corp. (a) (b)

    113,300        3,553,088   

Targa Resources Corp.

    46,600        6,345,522   
   

 

 

 
      58,329,008   
   

 

 

 

Paper & Forest Products—0.7%

  

Clearwater Paper Corp. (a)

    50,200        3,017,522   

KapStone Paper and Packaging Corp. (a)

    230,400        6,444,288   
   

 

 

 
      9,461,810   
   

 

 

 

Personal Products—0.2%

  

Nu Skin Enterprises, Inc. - Class A (b)

    67,300        3,030,519   
   

 

 

 

Pharmaceuticals—3.7%

  

Akorn, Inc. (a) (b)

    145,800        5,288,166   

Auxilium Pharmaceuticals, Inc. (a) (b)

    69,800        2,083,530   

AVANIR Pharmaceuticals, Inc. - Class A (a)

    355,800        4,241,136   

Jazz Pharmaceuticals plc (a) (b)

    18,600        2,986,416   

Mallinckrodt plc (a)

    41,576        3,748,076   

Medicines Co. (The) (a) (b)

    70,700        1,578,024   

Nektar Therapeutics (a) (b)

    142,300        1,717,561   

Pacira Pharmaceuticals, Inc. (a) (b)

    52,900        5,127,068   

Prestige Brands Holdings, Inc. (a)

    181,700        5,881,629   

Salix Pharmaceuticals, Ltd. (a)

    78,100        12,202,344   

Theravance Biopharma, Inc. (a) (b)

    23,914        551,218   

Theravance, Inc. (b)

    83,700        1,430,433   
   

 

 

 
      46,835,601   
   

 

 

 

Professional Services—0.9%

  

Advisory Board Co. (The) (a)

    77,900        3,629,361   

Exponent, Inc.

    39,000        2,764,320   

 

MSF-184


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Professional Services—(Continued)

  

Huron Consulting Group, Inc. (a)

    85,800      $ 5,231,226   
   

 

 

 
      11,624,907   
   

 

 

 

Real Estate Investment Trusts—0.8%

  

FelCor Lodging Trust, Inc.

    394,800        3,695,328   

Strategic Hotels & Resorts, Inc. (a)

    423,600        4,934,940   

Taubman Centers, Inc.

    30,600        2,233,800   
   

 

 

 
      10,864,068   
   

 

 

 

Real Estate Management & Development—1.2%

  

Altisource Portfolio Solutions S.A. (a) (b)

    51,800        5,221,440   

Forest City Enterprises, Inc. - Class A (a)

    155,500        3,041,580   

Jones Lang LaSalle, Inc.

    16,200        2,046,708   

Kennedy-Wilson Holdings, Inc.

    192,243        4,606,142   
   

 

 

 
      14,915,870   
   

 

 

 

Road & Rail—2.4%

  

AMERCO

    25,000        6,547,250   

Avis Budget Group, Inc. (a)

    136,200        7,476,018   

Landstar System, Inc.

    61,800        4,461,342   

Old Dominion Freight Line, Inc. (a)

    168,850        11,927,564   
   

 

 

 
      30,412,174   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.8%

  

Amkor Technology, Inc. (a)

    80,100        673,641   

Atmel Corp. (a)

    604,700        4,885,976   

Cabot Microelectronics Corp. (a)

    52,800        2,188,560   

Cavium, Inc. (a) (b)

    106,600        5,301,218   

Diodes, Inc. (a)

    99,300        2,375,256   

Microsemi Corp. (a)

    143,600        3,648,876   

Semtech Corp. (a)

    112,600        3,057,090   

Silicon Laboratories, Inc. (a)

    50,100        2,036,064   

Synaptics, Inc. (a)

    96,900        7,093,080   

Teradyne, Inc.

    181,100        3,511,529   

Ultratech, Inc. (a) (b)

    31,700        721,175   
   

 

 

 
      35,492,465   
   

 

 

 

Software—8.0%

  

Advent Software, Inc. (b)

    111,500        3,518,940   

Aspen Technology, Inc. (a)

    209,400        7,898,568   

CommVault Systems, Inc. (a)

    105,200        5,302,080   

Computer Modelling Group, Ltd.

    290,800        3,022,378   

Concur Technologies, Inc. (a) (b)

    48,800        6,188,816   

FactSet Research Systems, Inc. (b)

    45,000        5,468,850   

Fortinet, Inc. (a)

    178,800        4,517,382   

Informatica Corp. (a)

    107,900        3,694,496   

Manhattan Associates, Inc. (a)

    191,600        6,403,272   

Monotype Imaging Holdings, Inc.

    128,405        3,636,429   

NetScout Systems, Inc. (a)

    129,500        5,931,100   

Pegasystems, Inc.

    138,000        2,637,180   

Proofpoint, Inc. (a) (b)

    67,600        2,510,664   

PTC, Inc. (a)

    180,900        6,675,210   

SolarWinds, Inc. (a)

    88,800        3,734,040   

Solera Holdings, Inc.

    28,500        1,606,260   

SS&C Technologies Holdings, Inc. (a)

    121,300        5,323,857   

TIBCO Software, Inc. (a)

    190,100        4,492,063   

Software—(Continued)

  

Tyler Technologies, Inc. (a)

    115,900      10,245,560   

Ultimate Software Group, Inc. (The) (a) (b)

    67,700        9,580,227   
   

 

 

 
      102,387,372   
   

 

 

 

Specialty Retail—2.7%

  

Aaron’s, Inc.

    88,500        2,152,320   

Ascena Retail Group, Inc. (a)

    76,800        1,021,440   

Buckle, Inc. (The) (b)

    60,400        2,741,556   

Chico’s FAS, Inc.

    184,800        2,729,496   

Children’s Place, Inc. (The) (b)

    39,500        1,882,570   

DSW, Inc. - Class A

    79,800        2,402,778   

Guess?, Inc.

    36,600        804,102   

Monro Muffler Brake, Inc. (b)

    141,000        6,842,730   

Murphy USA, Inc. (a)

    48,100        2,552,186   

Sally Beauty Holdings, Inc. (a)

    236,500        6,473,005   

Tractor Supply Co.

    70,500        4,336,455   
   

 

 

 
      33,938,638   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.3%

  

3D Systems Corp. (a) (b)

    25,500        1,182,435   

Stratasys, Ltd. (a) (b)

    26,300        3,176,514   
   

 

 

 
      4,358,949   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.4%

  

Deckers Outdoor Corp. (a) (b)

    51,900        5,043,642   

Fossil Group, Inc. (a)

    20,949        1,967,111   

Hanesbrands, Inc.

    132,200        14,203,568   

Iconix Brand Group, Inc. (a) (b)

    121,800        4,499,292   

Steven Madden, Ltd. (a)

    172,100        5,546,783   
   

 

 

 
      31,260,396   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

  

MGIC Investment Corp. (a) (b)

    481,000        3,756,610   

Radian Group, Inc. (b)

    247,500        3,529,350   
   

 

 

 
      7,285,960   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Beacon Roofing Supply, Inc. (a)

    105,200        2,680,496   
   

 

 

 

Total Common Stocks
(Cost $973,187,791)

      1,267,299,610   
   

 

 

 
Short-Term Investments—18.4%   

Mutual Funds—18.4%

  

State Street Navigator Securities Lending MET Portfolio (c)

    233,209,626        233,209,626   

T. Rowe Price Government Reserve Investment Fund (d)

    1,628,258        1,628,258   
   

 

 

 

Total Short-Term Investments
(Cost $234,837,884)

      234,837,884   
   

 

 

 

Total Investments—117.4%
(Cost $1,208,025,675) (e)

      1,502,137,494   

Other assets and liabilities (net)—(17.4)%

      (222,719,924
   

 

 

 
Net Assets—100.0%     $ 1,279,417,570   
   

 

 

 

 

MSF-185


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

 

(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $237,583,141 and the collateral received consisted of cash in the amount of $233,209,626 and non-cash collateral with a value of $13,354,717. 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 is 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) Affiliated Issuer.
(e) As of September 30, 2014, the aggregate cost of investments was $1,208,025,675. The aggregate unrealized appreciation and depreciation of investments were $323,456,585 and $(29,344,766), respectively, resulting in net unrealized appreciation of $294,111,819.

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,267,299,610       $ —        $ —         $ 1,267,299,610   

Total Short-Term Investments*

     234,837,884         —          —           234,837,884   

Total Investments

   $ 1,502,137,494       $ —        $ —         $ 1,502,137,494   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (233,209,626   $ —         $ (233,209,626

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-186


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—94.0% of Net Assets

 

Security Description   Shares     Value  

Chemicals—1.3%

   

Agrium, Inc. (a)

    162,300      $ 14,444,700   
   

 

 

 

Energy Equipment & Services—21.2%

  

Atwood Oceanics, Inc. (a) (b)

    371,000        16,208,990   

Cameron International Corp. (b)

    339,100        22,509,458   

CARBO Ceramics, Inc. (a)

    44,100        2,612,043   

Dril-Quip, Inc. (a) (b)

    197,200        17,629,680   

Halliburton Co.

    703,400        45,376,334   

Nabors Industries, Ltd.

    1,109,200        25,245,392   

National Oilwell Varco, Inc.

    347,900        26,475,190   

Noble Corp. plc (a)

    301,500        6,699,330   

Paragon Offshore plc (a) (b)

    100,500        618,075   

Schlumberger, Ltd.

    449,200        45,679,148   

Seadrill, Ltd. (a)

    239,624        6,412,338   

Superior Energy Services, Inc.

    637,700        20,961,199   
   

 

 

 
      236,427,177   
   

 

 

 

Food Products—0.8%

   

Archer-Daniels-Midland Co.

    170,000        8,687,000   
   

 

 

 

Machinery—1.5%

   

Cummins, Inc.

    123,700        16,325,926   
   

 

 

 

Metals & Mining—22.4%

   

Agnico Eagle Mines, Ltd.

    63,233        1,828,757   

Barrick Gold Corp.

    664,800        9,745,968   

Commercial Metals Co. (a)

    325,000        5,547,750   

Eldorado Gold Corp.

    1,890,000        12,738,600   

First Quantum Minerals, Ltd. (a)

    1,882,300        36,336,735   

Freeport-McMoRan, Inc.

    722,700        23,596,155   

Glencore plc (b)

    10,578,437        58,531,042   

Goldcorp, Inc.

    1,043,600        24,034,108   

Kinross Gold Corp. (b)

    1,111,104        3,666,643   

New Gold, Inc. (b)

    1,924,800        9,720,240   

Osisko Gold Royalties, Ltd. (b)

    86,979        1,101,265   

Randgold Resources, Ltd. (ADR)

    231,900        15,674,121   

Royal Gold, Inc. (a)

    177,800        11,546,332   

Steel Dynamics, Inc. (a)

    484,700        10,959,067   

United States Steel Corp. (a)

    390,400        15,291,968   

Yamana Gold, Inc. (U.S. Listed Shares) (a)

    1,259,900        7,559,400   

Yamana Gold, Inc.

    237,962        1,427,836   
   

 

 

 
      249,305,987   
   

 

 

 

Oil, Gas & Consumable Fuels—45.4%

  

Afren plc (b)

    7,629,501        12,683,829   

Anadarko Petroleum Corp.

    409,650        41,554,896   

Apache Corp.

    179,600        16,859,052   

Cimarex Energy Co.

    347,900        44,019,787   

Cloud Peak Energy, Inc. (a) (b)

    293,700        3,706,494   

Concho Resources, Inc. (b)

    342,850        42,989,962   

CONSOL Energy, Inc.

    1,055,200        39,949,872   

Diamondback Energy, Inc. (b)

    243,500        18,208,930   

EOG Resources, Inc.

    326,600        32,339,932   

Genel Energy plc (b)

    344,000        4,652,298   

Golar LNG, Ltd.

    195,200        12,961,280   

Gulfport Energy Corp. (b)

    228,000        12,175,200   

Oil, Gas & Consumable Fuels—(Continued)

  

HollyFrontier Corp.

    359,800      15,716,064   

Laredo Petroleum, Inc. (a) (b)

    216,500        4,851,765   

Marathon Oil Corp.

    811,700        30,511,803   

Marathon Petroleum Corp.

    253,600        21,472,312   

Newfield Exploration Co. (b)

    208,700        7,736,509   

Ophir Energy plc (b)

    2,085,503        7,715,329   

Parsley Energy, Inc. - Class A (a) (b)

    272,300        5,808,159   

Peabody Energy Corp. (a)

    680,200        8,420,876   

Phillips 66

    269,200        21,888,652   

Pioneer Natural Resources Co.

    212,500        41,856,125   

Scorpio Tankers, Inc. (a)

    421,300        3,501,003   

SM Energy Co. (a)

    452,200        35,271,600   

Tesoro Corp.

    269,300        16,421,914   

Westmoreland Coal Co. (b)

    72,000        2,693,520   
   

 

 

 
      505,967,163   
   

 

 

 

Paper & Forest Products—1.2%

   

Louisiana-Pacific Corp. (a) (b)

    1,008,700        13,708,233   
   

 

 

 

Trading Companies & Distributors—0.2%

  

NOW, Inc. (a) (b)

    87,000        2,645,670   
   

 

 

 

Total Common Stocks
(Cost $956,088,982)

      1,047,511,856   
   

 

 

 
Short-Term Investments—14.2%   

Mutual Funds—14.2%

   

AIM STIT-STIC Prime Portfolio

    52,030,931        52,030,931   

State Street Navigator Securities Lending MET Portfolio (c)

    106,608,038        106,608,038   
   

 

 

 

Total Short-Term Investments
(Cost $158,638,969)

      158,638,969   
   

 

 

 

Total Investments—108.2%
(Cost $1,114,727,951) (d)

      1,206,150,825   

Other assets and liabilities (net)—(8.2)%

      (91,681,060
   

 

 

 
Net Assets—100.0%     $ 1,114,469,765   
   

 

 

 

 

(a) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $102,886,136 and the collateral received consisted of cash in the amount of $106,608,038 and non-cash collateral with a value of $433,253. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(b) Non-income producing security.
(c) Represents investment of cash collateral received from securities lending transactions.
(d) As of September 30, 2014, the aggregate cost of investments was $1,114,727,951. The aggregate unrealized appreciation and depreciation of investments were $176,107,914 and $(84,685,040), respectively, resulting in net unrealized appreciation of $91,422,874.

 

MSF-187


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of September 30, 2014 (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.

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Chemicals

   $ 14,444,700       $ —        $ —         $ 14,444,700   

Energy Equipment & Services

     236,427,177         —          —           236,427,177   

Food Products

     8,687,000         —          —           8,687,000   

Machinery

     16,325,926         —          —           16,325,926   

Metals & Mining

     190,774,945         58,531,042        —           249,305,987   

Oil, Gas & Consumable Fuels

     480,915,707         25,051,456        —           505,967,163   

Paper & Forest Products

     13,708,233         —          —           13,708,233   

Trading Companies & Distributors

     2,645,670         —          —           2,645,670   

Total Common Stocks

     963,929,358         83,582,498        —           1,047,511,856   

Total Short-Term Investments*

     158,638,969         —          —           158,638,969   

Total Investments

   $ 1,122,568,327       $ 83,582,498      $ —         $ 1,206,150,825   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (106,608,038   $ —         $ (106,608,038

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-188


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—44.9% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Advertising—0.1%

  

CBS Outdoor Americas Capital LLC / CBS Outdoor Americas Capital Corp.
5.250%, 02/15/22 (144A)

    430,000      $ 429,463   

5.625%, 02/15/24 (144A) (a)

    430,000        431,075   

WPP Finance 2010
5.125%, 09/07/42

    240,000        245,423   
   

 

 

 
      1,105,961   
   

 

 

 

Aerospace/Defense—0.2%

  

Boeing Capital Corp.
4.700%, 10/27/19

    350,000        390,029   

Boeing Co. (The)
4.875%, 02/15/20

    540,000        608,629   

6.000%, 03/15/19

    50,000        58,081   

Raytheon Co.
3.125%, 10/15/20

    30,000        30,770   

TransDigm, Inc.
6.000%, 07/15/22 (144A)

    1,310,000        1,293,625   

Triumph Group, Inc.
5.250%, 06/01/22

    350,000        344,750   

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

    360,000        376,696   
   

 

 

 
      3,102,580   
   

 

 

 

Agriculture—1.3%

  

Altria Group, Inc.
4.000%, 01/31/24 (a)

    2,650,000        2,704,177   

4.750%, 05/05/21

    890,000        969,534   

5.375%, 01/31/44 (a)

    490,000        522,072   

10.200%, 02/06/39

    1,328,000        2,237,616   

Imperial Tobacco Finance plc
2.050%, 02/11/18 (144A)

    560,000        557,733   

Lorillard Tobacco Co.
3.750%, 05/20/23 (a)

    3,000,000        2,950,386   

8.125%, 06/23/19

    390,000        477,090   

Philip Morris International, Inc.
2.500%, 08/22/22

    2,910,000        2,779,213   

Reynolds American, Inc.
3.250%, 11/01/22

    270,000        260,519   

4.850%, 09/15/23 (a)

    2,960,000        3,152,758   
   

 

 

 
      16,611,098   
   

 

 

 

Airlines—0.3%

  

Delta Air Lines Pass-Through Trust
6.821%, 02/10/24 (a)

    528,394        615,580   

8.021%, 02/10/24 (a)

    2,252,439        2,629,722   

Northwest Airlines Pass-Through Trust
7.575%, 09/01/20

    18,682        20,970   

UAL Pass-Through Trust
9.750%, 07/15/18

    64,756        73,174   

United Airlines Pass Through Trust
4.625%, 03/03/24

    840,000        835,800   
   

 

 

 
      4,175,246   
   

 

 

 

Auto Manufacturers—0.2%

  

Chrysler Group LLC / CG Co.-Issuer, Inc.
8.250%, 06/15/21

    610,000      664,900   

Ford Motor Co.
4.750%, 01/15/43

    1,610,000        1,611,346   
   

 

 

 
      2,276,246   
   

 

 

 

Banks—7.3%

  

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

    300,000        341,024   

4.750%, 01/15/18 (EUR)

    800,000        939,710   

5.875%, 11/09/15 (EUR)

    1,400,000        1,750,820   

Bank of America Corp.
2.600%, 01/15/19

    1,090,000        1,087,877   

3.300%, 01/11/23

    270,000        263,337   

4.000%, 04/01/24 (a)

    1,260,000        1,273,130   

4.100%, 07/24/23

    1,730,000        1,766,152   

4.125%, 01/22/24

    880,000        896,813   

4.200%, 08/26/24

    1,480,000        1,467,202   

4.875%, 04/01/44

    2,290,000        2,374,432   

5.000%, 01/21/44

    2,330,000        2,458,006   

5.420%, 03/15/17

    1,530,000        1,657,016   

5.625%, 07/01/20

    190,000        214,546   

5.650%, 05/01/18

    630,000        700,748   

6.250%, 09/05/24 (b)

    2,090,000        2,076,283   

6.875%, 04/25/18

    280,000        322,953   

Barclays Bank plc
6.050%, 12/04/17 (144A)

    140,000        155,619   

10.179%, 06/12/21 (144A)

    100,000        135,982   

BPCE S.A.
5.150%, 07/21/24 (144A) (a)

    420,000        432,815   

CIT Group, Inc.
5.000%, 08/01/23

    2,030,000        2,014,775   

Citigroup, Inc.
4.050%, 07/30/22

    3,470,000        3,514,531   

5.300%, 05/06/44

    4,460,000        4,634,194   

5.350%, 05/15/23 (b)

    560,000        523,600   

5.500%, 09/13/25

    990,000        1,078,119   

5.900%, 02/15/23 (a) (b)

    320,000        311,200   

5.950%, 01/30/23 (b)

    590,000        589,816   

6.300%, 05/15/24 (b)

    850,000        839,460   

Commonwealth Bank of Australia
5.000%, 10/15/19 (144A)

    320,000        357,165   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA
4.625%, 12/01/23

    1,400,000        1,450,418   

5.750%, 12/01/43

    1,480,000        1,680,533   

11.000%, 06/30/19 (144A) (b)

    415,000        548,838   

Credit Agricole S.A.
8.375%, 10/13/19 (144A) (b)

    890,000        1,030,175   

Goldman Sachs Capital II
4.000%, 10/31/14 (b)

    3,490,000        2,654,145   

Goldman Sachs Group, Inc. (The)
2.375%, 01/22/18

    1,240,000        1,252,872   

2.900%, 07/19/18

    410,000        419,965   

4.000%, 03/03/24

    3,780,000        3,807,140   

 

MSF-189


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Goldman Sachs Group, Inc. (The)
5.250%, 07/27/21

    1,680,000      $ 1,862,451   

6.150%, 04/01/18

    30,000        33,827   

6.250%, 02/01/41

    210,000        254,357   

6.750%, 10/01/37

    400,000        477,515   

7.500%, 02/15/19

    20,000        23,848   

HBOS plc
6.750%, 05/21/18 (144A)

    240,000        271,477   

HSBC Holdings plc
4.250%, 03/14/24 (a)

    850,000        860,033   

5.250%, 03/14/44

    3,400,000        3,609,627   

6.375%, 09/17/24 (a) (b)

    1,290,000        1,288,388   

ING Bank NV
5.800%, 09/25/23 (144A)

    1,290,000        1,420,954   

Intesa Sanpaolo S.p.A.
5.017%, 06/26/24 (144A)

    4,820,000        4,696,300   

JPMorgan Chase & Co.
3.375%, 05/01/23 (a)

    780,000        747,192   

3.625%, 05/13/24

    6,390,000        6,347,372   

4.350%, 08/15/21

    160,000        171,025   

4.500%, 01/24/22

    160,000        171,428   

M&T Bank Corp.
6.875%, 06/15/16

    2,540,000        2,586,530   

Nordea Bank AB
4.875%, 05/13/21 (144A)

    950,000        1,020,101   

Royal Bank of Scotland Group plc
5.125%, 05/28/24

    820,000        805,700   

6.000%, 12/19/23

    460,000        482,236   

6.100%, 06/10/23

    780,000        823,597   

6.125%, 12/15/22

    790,000        836,166   

7.648%, 09/30/31 (a) (b)

    120,000        140,400   

Royal Bank of Scotland NV
4.650%, 06/04/18

    530,000        546,775   

Royal Bank of Scotland plc
13.125%, 03/19/22 (AUD) (b)

    1,580,000        1,627,556   

Standard Chartered plc
5.700%, 03/26/44 (144A)

    4,950,000        5,231,061   

State Street Corp.
4.956%, 03/15/18

    320,000        348,254   

Wachovia Capital Trust III
5.570%, 10/31/14 (a) (b)

    1,321,000        1,279,719   

Wells Fargo & Co.
1.500%, 01/16/18

    300,000        298,259   

3.450%, 02/13/23

    680,000        668,195   

4.480%, 01/16/24

    2,596,000        2,737,529   

4.600%, 04/01/21

    110,000        120,467   

5.375%, 11/02/43

    660,000        720,870   

5.606%, 01/15/44

    2,770,000        3,121,699   

Wells Fargo Capital X
5.950%, 12/01/86

    600,000        616,500   
   

 

 

 
      93,268,819   
   

 

 

 

Beverages—0.7%

  

Anheuser-Busch InBev Finance, Inc.
3.700%, 02/01/24 (a)

    1,900,000        1,910,705   

Beverages—(Continued)

  

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

    280,000      264,584   

5.000%, 04/15/20

    260,000        290,248   

5.375%, 01/15/20

    1,110,000        1,252,289   

Diageo Capital plc
2.625%, 04/29/23

    2,000,000        1,904,768   

Diageo Investment Corp.
2.875%, 05/11/22

    670,000        656,821   

Molson Coors Brewing Co.
3.500%, 05/01/22

    60,000        60,286   

PepsiCo, Inc.
4.000%, 03/05/42 (a)

    670,000        636,327   

7.900%, 11/01/18

    76,000        93,344   

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

    940,000        993,351   

5.500%, 01/15/42 (144A)

    1,130,000        1,246,928   
   

 

 

 
      9,309,651   
   

 

 

 

Biotechnology—0.3%

  

Amgen, Inc.
3.625%, 05/22/24

    190,000        188,273   

Celgene Corp.
3.625%, 05/15/24

    250,000        247,334   

Gilead Sciences, Inc.
3.700%, 04/01/24

    3,060,000        3,125,603   
   

 

 

 
      3,561,210   
   

 

 

 

Building Materials—0.9%

  

Building Materials Corp. of America
7.500%, 03/15/20 (144A)

    3,400,000        3,553,000   

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

    6,470,000        7,294,925   

Hardwoods Acquisition, Inc.
7.500%, 08/01/21 (144A)

    700,000        689,500   
   

 

 

 
      11,537,425   
   

 

 

 

Chemicals—0.3%

  

Alpek S.A. de C.V.
4.500%, 11/20/22 (144A) (a)

    890,000        887,775   

Braskem Finance, Ltd.
5.375%, 05/02/22 (144A)

    1,980,000        1,955,250   

Ecolab, Inc.
4.350%, 12/08/21

    70,000        75,837   

LyondellBasell Industries NV
5.000%, 04/15/19 (a)

    1,190,000        1,313,636   

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

    40,000        44,497   
   

 

 

 
      4,276,995   
   

 

 

 

Coal—0.7%

  

Arch Coal, Inc.
7.000%, 06/15/19

    210,000        111,825   

9.875%, 06/15/19 (a)

    1,110,000        643,800   

 

MSF-190


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Coal—(Continued)

  

Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp.
6.375%, 03/15/24

    480,000      $ 463,200   

CONSOL Energy, Inc.
5.875%, 04/15/22 (144A)

    720,000        709,200   

8.250%, 04/01/20

    3,720,000        3,887,400   

Murray Energy Corp.
9.500%, 12/05/20 (144A) (a)

    1,690,000        1,859,000   

Natural Resource Partners L.P. / NRP Finance Corp.
9.125%, 10/01/18 (a)

    720,000        739,800   

SunCoke Energy Partners L.P. / SunCoke Energy Partners Finance Corp.
7.375%, 02/01/20 (144A)

    340,000        357,000   

Walter Energy, Inc.
9.500%, 10/15/19 (144A)

    730,000        664,300   
   

 

 

 
      9,435,525   
   

 

 

 

Commercial Services—0.6%

  

Alliance Data Systems Corp.
5.375%, 08/01/22 (144A)

    840,000        814,800   

Ashtead Capital, Inc.
5.625%, 10/01/24 (144A)

    2,420,000        2,432,100   

Interactive Data Corp.
5.875%, 04/15/19 (144A)

    540,000        531,900   

NES Rentals Holdings, Inc.
7.875%, 05/01/18 (144A)

    990,000        1,029,600   

Service Corp. International
7.500%, 04/01/27 (a)

    350,000        387,625   

7.625%, 10/01/18

    125,000        141,250   

WEX, Inc.
4.750%, 02/01/23 (144A)

    2,000,000        1,900,000   
   

 

 

 
      7,237,275   
   

 

 

 

Computers—0.2%

  

Compiler Finance Sub, Inc.
7.000%, 05/01/21 (144A) (a)

    2,750,000        2,598,750   
   

 

 

 

Cosmetics/Personal Care—0.0%

  

First Quality Finance Co., Inc.
4.625%, 05/15/21 (144A)

    490,000        456,925   
   

 

 

 

Diversified Financial Services—2.4%

  

AerCap Ireland Capital, Ltd. / AerCap Global Aviation Trust
3.750%, 05/15/19 (144A)

    1,080,000        1,047,600   

American Express Co.
6.800%, 09/01/66 (b)

    1,650,000        1,761,375   

Ausdrill Finance Pty, Ltd.
6.875%, 11/01/19 (144A)

    3,050,000        2,813,625   

CIMPOR Financial Operations B.V.
5.750%, 07/17/24 (144A)

    2,340,000        2,263,950   

Ford Motor Credit Co. LLC
8.125%, 01/15/20

    3,310,000        4,136,964   

Diversified Financial Services—(Continued)

  

General Electric Capital Corp.
4.375%, 09/16/20

    70,000      76,523   

4.625%, 01/07/21

    40,000        44,085   

6.375%, 11/15/67 (b)

    1,850,000        2,002,625   

6.875%, 01/10/39

    4,391,000        5,909,785   

General Motors Financial Co., Inc.
2.750%, 05/15/16

    30,000        30,225   

4.375%, 09/25/21 (a)

    1,140,000        1,165,650   

Globe Luxembourg SCA
9.625%, 05/01/18 (144A)

    1,500,000        1,590,000   

ILFC E-Capital Trust II
6.250%, 12/21/65 (144A) (b)

    330,000        323,400   

International Lease Finance Corp.
6.250%, 05/15/19

    1,150,000        1,232,225   

6.750%, 09/01/16 (144A)

    250,000        269,375   

8.250%, 12/15/20 (a)

    3,150,000        3,720,938   

8.750%, 03/15/17 (a)

    1,550,000        1,728,250   

Navient LLC
8.000%, 03/25/20

    150,000        168,188   

TMX Finance LLC / TitleMax Finance Corp.
8.500%, 09/15/18 (144A)

    560,000        557,200   
   

 

 

 
      30,841,983   
   

 

 

 

Electric—1.6%

  

AES Corp.
5.500%, 03/15/24

    650,000        632,125   

8.000%, 06/01/20

    1,000,000        1,147,500   

Calpine Corp.
7.875%, 01/15/23 (144A)

    1,000,000        1,090,000   

Centrais Eletricas Brasileiras S.A.
5.750%, 10/27/21 (144A) (a)

    1,930,000        1,951,713   

Dominion Resources, Inc.
8.875%, 01/15/19

    70,000        88,086   

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

    980,000        1,153,291   

Dynegy Roseton LLC / Dynegy Danskammer LLC Pass-Through Trust
7.670%, 08/11/16 (c) (d)

    500,000        0   

Exelon Corp.
5.625%, 06/15/35

    375,000        421,407   

FirstEnergy Corp.
4.250%, 03/15/23 (a)

    1,910,000        1,898,872   

7.375%, 11/15/31

    4,200,000        4,965,181   

Mirant Mid Atlantic Pass-Through Trust
10.060%, 12/30/28

    5,056,588        5,600,171   

Pacific Gas & Electric Co.
6.050%, 03/01/34

    430,000        530,024   

8.250%, 10/15/18 (a)

    210,000        258,152   
   

 

 

 
      19,736,522   
   

 

 

 

Electronics—0.4%

  

Rexel S.A.
5.250%, 06/15/20 (144A)

    2,210,000        2,219,669   

Sanmina Corp.
4.375%, 06/01/19 (144A)

    2,320,000        2,273,600   

 

MSF-191


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Electronics—(Continued)

  

Thermo Fisher Scientific, Inc.
3.600%, 08/15/21

    200,000      $ 205,968   
   

 

 

 
      4,699,237   
   

 

 

 

Energy-Alternate Sources—0.1%

  

First Wind Capital LLC
10.250%, 06/01/18 (144A)

    610,000        646,600   
   

 

 

 

Engineering & Construction—0.8%

  

AECOM Technology Corp.
5.875%, 10/15/24 (144A)

    1,240,000        1,247,750   

Empresas ICA S.A.B. de C.V.
8.875%, 05/29/24 (144A)

    1,540,000        1,582,350   

8.900%, 02/04/21 (a)

    1,250,000        1,325,000   

Michael Baker International LLC / CDL Acquisition Co., Inc.
8.250%, 10/15/18 (144A)

    980,000        989,800   

OAS Finance, Ltd.
8.000%, 07/02/21 (144A)

    2,600,000        2,496,000   

OAS Investments GmbH
8.250%, 10/19/19 (144A)

    1,930,000        1,893,735   

Odebrecht Offshore Drilling Finance, Ltd.
6.625%, 10/01/23 (144A) (a)

    878,490        904,845   
   

 

 

 
      10,439,480   
   

 

 

 

Entertainment—0.1%

  

Greektown Holdings LLC/Greektown Mothership Corp.
8.875%, 03/15/19 (144A) (a)

    540,000        537,300   

Regal Entertainment Group
5.750%, 03/15/22

    840,000        842,100   
   

 

 

 
      1,379,400   
   

 

 

 

Environmental Control—0.1%

  

Waste Management, Inc.
3.500%, 05/15/24

    1,230,000        1,226,202   

4.600%, 03/01/21

    180,000        198,359   

7.375%, 05/15/29

    190,000        251,483   
   

 

 

 
      1,676,044   
   

 

 

 

Food—1.5%

  

Dole Food Co., Inc.
7.250%, 05/01/19 (144A) (a)

    850,000        843,625   

Hearthside Group Holdings LLC/Hearthside Finance Co.
6.500%, 05/01/22 (144A)

    980,000        953,050   

HJ Heinz Co.
4.250%, 10/15/20

    1,060,000        1,053,375   

Kraft Foods Group, Inc.
3.500%, 06/06/22

    690,000        698,435   

Kroger Co. (The)
6.900%, 04/15/38

    300,000        384,535   

Marfrig Holding Europe B.V.
6.875%, 06/24/19 (144A)

    2,260,000        2,198,980   

8.375%, 05/09/18 (a)

    2,200,000        2,255,000   

Food—(Continued)

  

Mondelez International, Inc.
4.000%, 02/01/24 (a)

    1,830,000      1,875,144   

5.375%, 02/10/20

    534,000        605,425   

Simmons Foods, Inc.
7.875%, 10/01/21 (144A)

    1,280,000        1,267,200   

Virgolino de Oliveira Finance S.A.
10.875%, 01/13/20 (144A) (a)

    4,470,000        3,833,025   

WM Wrigley Jr. Co.
2.400%, 10/21/18 (144A)

    220,000        221,566   

2.900%, 10/21/19 (144A)

    790,000        801,101   

3.375%, 10/21/20 (144A)

    1,480,000        1,502,042   
   

 

 

 
      18,492,503   
   

 

 

 

Forest Products & Paper—0.7%

  

Appvion, Inc.
9.000%, 06/01/20 (144A)

    2,060,000        1,702,075   

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

    3,720,000        3,668,850   

Klabin Finance S.A.
5.250%, 07/16/24 (144A) (a)

    1,980,000        1,936,044   

Resolute Forest Products, Inc.
5.875%, 05/15/23 (a)

    1,900,000        1,756,312   

Smurfit Kappa Treasury Funding, Ltd.
7.500%, 11/20/25

    275,000        313,500   
   

 

 

 
      9,376,781   
   

 

 

 

Healthcare-Products—0.5%

  

ConvaTec Finance International S.A.
8.250%, 01/15/19 (144A) (e)

    1,280,000        1,302,400   

DJO Finance LLC / DJO Finance Corp.
9.750%, 10/15/17

    560,000        568,400   

9.875%, 04/15/18

    2,145,000        2,246,887   

Medtronic, Inc.
3.125%, 03/15/22

    60,000        59,771   

4.450%, 03/15/20

    340,000        373,983   

Teleflex, Inc.
5.250%, 06/15/24 (144A)

    470,000        460,600   

Universal Hospital Services, Inc.
7.625%, 08/15/20

    1,010,000        949,400   
   

 

 

 
      5,961,441   
   

 

 

 

Healthcare-Services—1.2%

  

Acadia Healthcare Co., Inc.
5.125%, 07/01/22

    860,000        838,500   

Centene Corp.
4.750%, 05/15/22

    960,000        962,400   

DaVita HealthCare Partners, Inc.
5.125%, 07/15/24

    730,000        717,225   

Fresenius Medical Care U.S. Finance, Inc.
6.500%, 09/15/18 (144A) (a)

    3,709,000        4,070,627   

HCA, Inc.
5.000%, 03/15/24

    1,840,000        1,810,100   

7.500%, 02/15/22

    360,000        405,000   

 

MSF-192


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Services—(Continued)

  

Humana, Inc.
3.150%, 12/01/22

    190,000      $ 185,470   

7.200%, 06/15/18

    320,000        377,317   

Roche Holdings, Inc.
6.000%, 03/01/19 (144A)

    271,000        314,063   

UnitedHealth Group, Inc.
2.875%, 03/15/23 (a)

    1,700,000        1,659,632   

5.700%, 10/15/40

    10,000        12,066   

5.800%, 03/15/36 (a)

    10,000        12,241   

6.000%, 02/15/18

    900,000        1,022,962   

WellPoint, Inc.
3.125%, 05/15/22

    2,170,000        2,143,437   

3.700%, 08/15/21

    130,000        134,204   

7.000%, 02/15/19

    170,000        202,546   
   

 

 

 
      14,867,790   
   

 

 

 

Holding Companies-Diversified—0.5%

  

DH Services Luxembourg S.a.r.l.
7.750%, 12/15/20 (144A)

    5,670,000        5,953,500   
   

 

 

 

Home Builders—0.6%

  

Taylor Morrison Communities, Inc. / Monarch Communities, Inc.
5.250%, 04/15/21 (144A)

    1,180,000        1,150,500   

7.750%, 04/15/20 (144A)

    3,252,000        3,479,640   

William Lyon Homes, Inc.
8.500%, 11/15/20

    2,430,000        2,624,400   

WLH PNW Finance Corp.
7.000%, 08/15/22 (144A)

    650,000        658,125   
   

 

 

 
      7,912,665   
   

 

 

 

Household Products/Wares—0.3%

  

Century Intermediate Holding Co. 2
9.750%, 02/15/19 (144A) (e)

    1,280,000        1,347,200   

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC
6.875%, 02/15/21

    480,000        506,400   

9.000%, 04/15/19

    1,710,000        1,780,538   
   

 

 

 
      3,634,138   
   

 

 

 

Insurance—0.2%

  

American International Group, Inc.
6.250%, 03/15/87

    620,000        694,313   

Teachers Insurance & Annuity Association of America
6.850%, 12/16/39 (144A)

    700,000        901,813   

Voya Financial, Inc.
2.900%, 02/15/18

    300,000        308,634   
   

 

 

 
      1,904,760   
   

 

 

 

Internet—0.3%

  

Cogent Communications Group, Inc.
8.375%, 02/15/18 (144A)

    3,480,000        3,654,000   
   

 

 

 

Iron/Steel—0.6%

  

ArcelorMittal
5.000%, 02/25/17

    380,000      393,262   

Cliffs Natural Resources, Inc.
4.200%, 01/15/18 (a)

    1,330,000        1,143,800   

4.800%, 10/01/20 (a)

    420,000        325,500   

Ryerson, Inc. / Joseph T Ryerson & Son, Inc.
9.000%, 10/15/17

    2,120,000        2,236,600   

Steel Dynamics, Inc.
7.625%, 03/15/20

    3,710,000        3,895,500   
   

 

 

 
      7,994,662   
   

 

 

 

Leisure Time—0.0%

  

24 Hour Holdings III LLC
8.000%, 06/01/22 (144A) (a)

    360,000        333,000   
   

 

 

 

Lodging—0.4%

  

Caesars Entertainment Operating Co., Inc.
9.000%, 02/15/20 (a)

    470,000        359,550   

11.250%, 06/01/17

    1,210,000        939,263   

Caesars Entertainment Resort Properties LLC / Caesars Entertainment Resort Property
11.000%, 10/01/21 (144A)

    670,000        628,125   

Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp.
5.625%, 10/15/21 (144A)

    1,800,000        1,854,000   

MGM Resorts International
6.625%, 12/15/21

    1,020,000        1,076,100   
   

 

 

 
      4,857,038   
   

 

 

 

Machinery-Diversified—0.0%

  

John Deere Capital Corp.
2.250%, 04/17/19

    310,000        312,515   
   

 

 

 

Media—2.2%

  

21st Century Fox America, Inc.
6.200%, 12/15/34

    10,000        12,143   

6.650%, 11/15/37

    70,000        87,744   

CCO Holdings LLC / CCO Holdings Capital Corp.
6.500%, 04/30/21 (a)

    1,740,000        1,813,950   

7.000%, 01/15/19

    90,000        93,488   

Comcast Cable Communications Holdings, Inc.
9.455%, 11/15/22

    230,000        330,316   

Comcast Corp.
5.650%, 06/15/35

    10,000        11,755   

5.875%, 02/15/18

    150,000        170,099   

6.500%, 11/15/35

    490,000        637,432   

6.550%, 07/01/39

    390,000        509,669   

6.950%, 08/15/37

    250,000        334,967   

CSC Holdings LLC
6.750%, 11/15/21

    2,010,000        2,141,052   

DISH DBS Corp.
5.000%, 03/15/23

    1,285,000        1,232,797   

5.875%, 07/15/22

    470,000        479,400   

6.625%, 10/01/14

    90,000        90,000   

6.750%, 06/01/21

    75,000        80,625   

 

MSF-193


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—(Continued)

  

Gannett Co., Inc.
4.875%, 09/15/21 (144A)

    490,000      $ 474,075   

Nara Cable Funding, Ltd.
8.875%, 12/01/18 (144A)

    4,260,000        4,473,000   

NBCUniversal Enterprise, Inc.
1.974%, 04/15/19 (144A)

    1,480,000        1,460,412   

NBCUniversal Media LLC
4.375%, 04/01/21

    470,000        511,995   

Numericable Group S.A.
6.000%, 05/15/22 (144A)

    570,000        574,275   

Time Warner Cable, Inc.
4.125%, 02/15/21

    10,000        10,583   

5.500%, 09/01/41

    330,000        371,474   

5.875%, 11/15/40

    10,000        11,766   

6.750%, 06/15/39

    170,000        218,402   

8.250%, 04/01/19

    850,000        1,058,652   

8.750%, 02/14/19

    80,000        100,705   

Time Warner, Inc.
7.625%, 04/15/31

    1,300,000        1,754,702   

7.700%, 05/01/32

    1,410,000        1,940,439   

UBM plc
5.750%, 11/03/20 (144A)

    50,000        54,061   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH
5.500%, 01/15/23 (144A) (a)

    3,000,000        3,030,000   

Univision Communications, Inc.
6.875%, 05/15/19 (144A)

    1,000,000        1,042,500   

7.875%, 11/01/20 (144A)

    2,700,000        2,892,375   

Viacom, Inc.
4.250%, 09/01/23 (a)

    600,000        618,084   
   

 

 

 
      28,622,937   
   

 

 

 

Mining—1.9%

  

Barminco Finance Pty, Ltd.
9.000%, 06/01/18 (144A) (a)

    630,000        544,950   

Barrick Gold Corp.
3.850%, 04/01/22

    280,000        269,352   

4.100%, 05/01/23 (a)

    1,200,000        1,153,074   

6.950%, 04/01/19

    380,000        441,321   

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

    400,000        405,100   

BHP Billiton Finance USA, Ltd.
3.250%, 11/21/21

    590,000        602,145   

5.000%, 09/30/43

    750,000        822,769   

FMG Resources (August 2006) Pty, Ltd.
6.000%, 04/01/17 (144A) (a)

    1,620,000        1,632,150   

6.875%, 04/01/22 (144A) (a)

    2,320,000        2,360,600   

8.250%, 11/01/19 (144A) (a)

    3,000,000        3,101,250   

Freeport-McMoRan, Inc.
3.100%, 03/15/20

    930,000        922,712   

3.550%, 03/01/22 (a)

    515,000        503,230   

Midwest Vanadium Pty, Ltd.
11.500%, 02/15/18 (144A) (d) (f)

    1,000,000        145,000   

Rio Tinto Finance USA plc
2.250%, 12/14/18

    240,000        240,975   

Mining—(Continued)

  

Rio Tinto Finance USA, Ltd.
1.875%, 11/02/15

    10,000      10,134   

2.500%, 05/20/16

    70,000        71,817   

3.500%, 11/02/20

    100,000        103,595   

4.125%, 05/20/21

    130,000        139,071   

6.500%, 07/15/18

    230,000        266,268   

9.000%, 05/01/19

    530,000        678,708   

St Barbara, Ltd.
8.875%, 04/15/18 (144A)

    980,000        823,200   

Thompson Creek Metals Co., Inc.
9.750%, 12/01/17 (a)

    2,060,000        2,240,250   

Vedanta Resources plc
6.750%, 06/07/16 (144A) (a)

    2,960,000        3,089,796   

8.250%, 06/07/21 (a)

    1,120,000        1,234,800   

Xstrata Finance Canada, Ltd.
2.050%, 10/23/15 (144A)

    1,440,000        1,456,095   

2.700%, 10/25/17 (144A)

    720,000        732,013   
   

 

 

 
      23,990,375   
   

 

 

 

Miscellaneous Manufacturing—0.3%

  

Eaton Corp.
2.750%, 11/02/22

    3,510,000        3,384,216   

General Electric Co.
4.500%, 03/11/44

    380,000        393,963   
   

 

 

 
      3,778,179   
   

 

 

 

Oil & Gas—5.9%

  

Anadarko Finance Co.
7.500%, 05/01/31

    80,000        108,346   

Antero Resources Corp.
5.125%, 12/01/22 (144A)

    1,200,000        1,167,000   

Apache Corp.
3.250%, 04/15/22 (a)

    774,000        775,622   

Baytex Energy Corp.
5.625%, 06/01/24 (144A)

    330,000        316,800   

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

    800,000        793,982   

3.561%, 11/01/21

    100,000        102,826   

California Resources Corp.
6.000%, 11/15/24 (144A)

    1,040,000        1,068,600   

Calumet Specialty Products Partners L.P. / Calumet Finance Corp.
7.625%, 01/15/22

    780,000        791,700   

9.625%, 08/01/20 (a)

    1,155,000        1,270,500   

Carrizo Oil & Gas, Inc.
7.500%, 09/15/20

    2,100,000        2,184,000   

Chesapeake Energy Corp.
5.750%, 03/15/23 (a)

    3,300,000        3,514,500   

Cimarex Energy Co.
4.375%, 06/01/24

    710,000        715,325   

Concho Resources, Inc.
6.500%, 01/15/22

    1,400,000        1,487,500   

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

    495,000        660,767   

 

MSF-194


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

Continental Resources, Inc.
3.800%, 06/01/24 (a)

    200,000      $ 195,903   

4.500%, 04/15/23

    580,000        600,798   

7.125%, 04/01/21

    1,090,000        1,208,537   

Devon Energy Corp.
3.250%, 05/15/22

    280,000        277,980   

Devon Financing Corp. LLC
7.875%, 09/30/31

    140,000        195,619   

Ecopetrol S.A.
5.875%, 09/18/23

    441,000        486,754   

5.875%, 05/28/45 (a)

    950,000        961,875   

EXCO Resources, Inc.
8.500%, 04/15/22

    630,000        598,500   

Gulfport Energy Corp.
7.750%, 11/01/20 (144A)

    290,000        302,325   

Halcon Resources Corp.
8.875%, 05/15/21

    4,240,000        4,176,400   

Hercules Offshore, Inc.
6.750%, 04/01/22 (144A)

    40,000        31,300   

7.500%, 10/01/21 (144A) (a)

    140,000        112,700   

8.750%, 07/15/21 (144A)

    490,000        426,300   

Hess Corp.
7.875%, 10/01/29

    150,000        203,627   

8.125%, 02/15/19

    90,000        110,946   

KCA Deutag UK Finance plc
7.250%, 05/15/21 (144A)

    1,430,000        1,358,500   

Kerr-McGee Corp.
6.950%, 07/01/24

    360,000        453,019   

7.875%, 09/15/31

    405,000        560,870   

Kodiak Oil & Gas Corp.
8.125%, 12/01/19 (a)

    3,250,000        3,485,625   

Linn Energy LLC / Linn Energy Finance Corp.
6.500%, 05/15/19

    1,380,000        1,352,400   

Magnum Hunter Resources Corp.
9.750%, 05/15/20

    1,740,000        1,840,050   

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

    3,600,000        3,631,500   

6.500%, 03/15/21 (144A)

    290,000        297,250   

Murphy Oil USA, Inc.
6.000%, 08/15/23

    1,150,000        1,198,875   

Occidental Petroleum Corp.
2.700%, 02/15/23

    520,000        499,081   

3.125%, 02/15/22

    310,000        312,115   

Pacific Drilling V, Ltd.
7.250%, 12/01/17 (144A)

    2,000,000        2,005,000   

Pacific Rubiales Energy Corp.
5.375%, 01/26/19 (144A)

    1,660,000        1,684,900   

Parker Drilling Co.
6.750%, 07/15/22 (144A)

    830,000        834,150   

Parsley Energy LLC / Parsley Finance Corp.
7.500%, 02/15/22 (144A)

    1,000,000        1,031,250   

Petrobras International Finance Co.
5.375%, 01/27/21

    6,020,000        6,085,136   

5.750%, 01/20/20

    513,000        539,784   

Oil & Gas—(Continued)

  

Plains Exploration & Production Co.
6.500%, 11/15/20

    163,000      178,505   

8.625%, 10/15/19

    205,000        215,014   

Puma International Financing S.A.
6.750%, 02/01/21 (144A)

    2,050,000        2,101,762   

QEP Resources, Inc.
5.250%, 05/01/23

    2,650,000        2,570,500   

6.875%, 03/01/21

    2,130,000        2,311,050   

Quicksilver Resources, Inc.
11.000%, 07/01/21 (a)

    1,140,000        752,400   

Range Resources Corp.
5.000%, 08/15/22

    870,000        889,575   

Reliance Holdings USA, Inc.
5.400%, 02/14/22 (a)

    1,860,000        2,030,436   

Rice Energy, Inc.
6.250%, 05/01/22 (144A) (a)

    1,120,000        1,092,000   

Samson Investment Co.
9.750%, 02/15/20

    3,750,000        3,403,125   

Sanchez Energy Corp.
6.125%, 01/15/23 (144A)

    1,450,000        1,435,935   

7.750%, 06/15/21

    1,500,000        1,605,000   

SandRidge Energy, Inc.
7.500%, 02/15/23

    200,000        194,250   

Sidewinder Drilling, Inc.
9.750%, 11/15/19 (144A)

    2,000,000        2,000,000   

Sinopec Group Overseas Development 2012, Ltd.
2.750%, 05/17/17 (144A)

    690,000        707,181   

Teine Energy, Ltd.
6.875%, 09/30/22 (144A)

    390,000        382,687   

Transocean, Inc.
6.375%, 12/15/21 (a)

    60,000        63,821   

Triangle USA Petroleum Corp.
6.750%, 07/15/22 (144A)

    300,000        292,875   

Ultra Petroleum Corp.
5.750%, 12/15/18 (144A)

    780,000        783,900   
   

 

 

 
      75,026,553   
   

 

 

 

Oil & Gas Services—1.0%

  

Baker Hughes, Inc.
3.200%, 08/15/21

    480,000        490,422   

CGG S.A.
6.500%, 06/01/21 (a)

    2,840,000        2,485,000   

7.750%, 05/15/17

    187,000        187,935   

Exterran Holdings, Inc.
7.250%, 12/01/18

    1,780,000        1,851,200   

FTS International, Inc.
6.250%, 05/01/22 (144A)

    1,770,000        1,739,025   

Gulfmark Offshore, Inc.
6.375%, 03/15/22

    2,080,000        2,007,200   

Hiland Partners L.P. / Hiland Partner Finance Corp.
7.250%, 10/01/20 (144A)

    520,000        551,200   

Key Energy Services, Inc.
6.750%, 03/01/21

    2,150,000        2,069,375   

 

MSF-195


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas Services—(Continued)

  

SESI LLC
7.125%, 12/15/21

    1,050,000      $ 1,160,250   
   

 

 

 
      12,541,607   
   

 

 

 

Packaging & Containers—0.7%

  

Ardagh Finance Holdings S.A.
8.625%, 06/15/19 (144A) (a) (e)

    720,000        723,600   

Ardagh Packaging Finance plc
9.125%, 10/15/20 (144A)

    3,425,000        3,707,562   

Ardagh Packaging Finance plc / Ardagh MP Holdings USA, Inc.
9.125%, 10/15/20 (144A)

    540,000        581,850   

Ball Corp.
5.750%, 05/15/21 (a)

    930,000        963,713   

Pactiv LLC
8.375%, 04/15/27 (a)

    2,050,000        2,173,000   

Rock Tenn Co.
3.500%, 03/01/20

    230,000        233,838   

4.000%, 03/01/23 (a)

    210,000        213,179   
   

 

 

 
      8,596,742   
   

 

 

 

Pharmaceuticals—0.4%

  

AbbVie, Inc.
2.900%, 11/06/22

    590,000        564,113   

GlaxoSmithKline Capital plc
2.850%, 05/08/22

    590,000        578,396   

JLL/Delta Dutch Newco B.V.
7.500%, 02/01/22 (144A)

    830,000        838,196   

Lantheus Medical Imaging, Inc.
9.750%, 05/15/17 (a)

    2,510,000        2,491,175   

Pfizer, Inc.
6.200%, 03/15/19

    270,000        315,545   

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

    50,000        50,820   

Wyeth LLC
5.950%, 04/01/37

    290,000        355,477   

Zoetis, Inc.
3.250%, 02/01/23 (a)

    240,000        234,708   
   

 

 

 
      5,428,430   
   

 

 

 

Pipelines—1.4%

  

Access Midstream Partners L.P. / ACMP Finance Corp.
4.875%, 05/15/23

    3,400,000        3,489,250   

Atlas Pipeline Partners L.P. / Atlas Pipeline Finance Corp.
5.875%, 08/01/23 (a)

    3,290,000        3,215,975   

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

    190,000        251,170   

Enterprise Products Operating LLC
5.700%, 02/15/42

    200,000        227,109   

Kinder Morgan, Inc.
5.625%, 11/15/23 (144A) (a)

    3,180,000        3,378,750   

7.800%, 08/01/31

    67,000        81,070   

Pipelines—(Continued)

  

MarkWest Energy Partners L.P. / MarkWest Energy Finance Corp.
6.250%, 06/15/22

    970,000      1,020,925   

6.500%, 08/15/21 (a)

    910,000        957,775   

Regency Energy Partners L.P. / Regency Energy Finance Corp.
5.000%, 10/01/22

    570,000        561,450   

5.875%, 03/01/22

    1,200,000        1,248,000   

6.500%, 07/15/21

    360,000        378,000   

Sabine Pass Liquefaction LLC
5.625%, 02/01/21

    820,000        842,550   

Southern Natural Gas Co. LLC
5.900%, 04/01/17 (144A)

    10,000        11,039   

8.000%, 03/01/32

    25,000        31,766   

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.
4.250%, 11/15/23

    1,580,000        1,516,800   

Williams Cos., Inc. (The)
7.500%, 01/15/31

    45,000        52,183   

7.750%, 06/15/31

    14,000        16,853   

7.875%, 09/01/21 (a)

    436,000        525,197   

8.750%, 03/15/32

    255,000        323,593   
   

 

 

 
      18,129,455   
   

 

 

 

Real Estate—0.4%

  

Country Garden Holdings Co., Ltd.
11.125%, 02/23/18 (a)

    324,000        349,531   

Howard Hughes Corp. (The)
6.875%, 10/01/21 (144A)

    1,350,000        1,393,875   

Yuzhou Properties Co., Ltd.
8.750%, 10/04/18

    3,100,000        3,084,500   
   

 

 

 
      4,827,906   
   

 

 

 

Real Estate Investment Trusts—0.2%

  

CTR Partnership L.P. / CareTrust Capital Corp.
5.875%, 06/01/21 (144A)

    1,830,000        1,830,000   

Geo Group, Inc. (The)
5.875%, 10/15/24

    870,000        872,175   
   

 

 

 
      2,702,175   
   

 

 

 

Retail—1.0%

  

BC ULC / New Red Finance, Inc.
6.000%, 04/01/22 (144A)

    1,960,000        1,947,750   

CST Brands, Inc.
5.000%, 05/01/23

    340,000        331,500   

CVS Health Corp.
2.750%, 12/01/22

    2,490,000        2,375,814   

CVS Pass-Through Trust
6.943%, 01/10/30

    727,874        886,036   

Dufry Finance SCA
5.500%, 10/15/20 (144A)

    2,130,000        2,225,850   

First Cash Financial Services, Inc.
6.750%, 04/01/21

    370,000        384,800   

 

MSF-196


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Retail—(Continued)

  

Group 1 Automotive, Inc.
5.000%, 06/01/22 (144A)

    610,000      $ 590,175   

Guitar Center, Inc.
9.625%, 04/15/20 (144A) (a)

    1,940,000        1,488,950   

L Brands, Inc.
6.950%, 03/01/33

    60,000        61,800   

Neiman Marcus Group, Ltd. LLC
8.750%, 10/15/21 (144A) (e)

    1,250,000        1,315,625   

Suburban Propane Partners L.P. / Suburban Energy Finance Corp.
5.500%, 06/01/24

    1,570,000        1,499,350   
   

 

 

 
      13,107,650   
   

 

 

 

Software—0.3%

  

Activision Blizzard, Inc.
5.625%, 09/15/21 (144A)

    680,000        707,200   

6.125%, 09/15/23 (144A)

    580,000        616,250   

First Data Corp.
8.250%, 01/15/21 (144A)

    1,070,000        1,134,200   

11.750%, 08/15/21

    650,000        752,375   
   

 

 

 
      3,210,025   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.1%

  

Zabra Technologies Corp.
7.250%, 10/15/22 (144A)

    1,230,000        1,230,000   
   

 

 

 

Telecommunications—3.1%

  

AT&T, Inc.
4.350%, 06/15/45

    1,480,000        1,360,345   

4.450%, 05/15/21

    300,000        324,839   

5.500%, 02/01/18

    170,000        190,120   

CenturyLink, Inc.
6.750%, 12/01/23 (a)

    1,290,000        1,383,525   

Hughes Satellite Systems Corp.
7.625%, 06/15/21

    1,500,000        1,635,000   

Intelsat Jackson Holdings S.A.
7.500%, 04/01/21

    1,000,000        1,067,500   

Level 3 Financing, Inc.
6.125%, 01/15/21 (144A)

    1,380,000        1,421,400   

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

    280,000        327,836   

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

    5,290,000        5,051,950   

8.750%, 03/15/32

    2,520,000        2,749,950   

Sprint Corp.
7.875%, 09/15/23 (144A)

    3,160,000        3,349,600   

T-Mobile USA, Inc.
6.000%, 03/01/23

    1,200,000        1,198,500   

6.125%, 01/15/22

    880,000        884,400   

Telecom Italia Capital S.A.
7.175%, 06/18/19

    40,000        45,200   

Telefonica Emisiones S.A.U.
5.134%, 04/27/20

    140,000        153,883   

5.877%, 07/15/19 (a)

    140,000        160,062   

Telecommunications—(Continued)

  

tw telecom holdings, Inc.
6.375%, 09/01/23 (a)

    1,240,000      1,388,800   

Verizon Communications, Inc.
2.450%, 11/01/22

    390,000        361,977   

3.450%, 03/15/21

    250,000        253,731   

4.150%, 03/15/24 (a)

    540,000        557,576   

4.862%, 08/21/46 (144A)

    2,249,000        2,255,367   

5.012%, 08/21/54 (144A)

    128,000        128,607   

5.150%, 09/15/23

    4,330,000        4,794,908   

6.350%, 04/01/19

    980,000        1,139,776   

6.400%, 09/15/33

    2,166,000        2,638,660   

6.550%, 09/15/43

    439,000        548,483   

West Corp.
5.375%, 07/15/22 (144A)

    1,570,000        1,448,325   

Windstream Corp.
7.500%, 04/01/23 (a)

    2,000,000        2,050,000   
   

 

 

 
      38,870,320   
   

 

 

 

Transportation—0.6%

  

CMA CGM S.A.
8.500%, 04/15/17 (144A) (a)

    1,500,000        1,545,000   

Dynagas LNG Partners L.P. / Dynagas Finance, Inc.
6.250%, 10/30/19

    330,000        330,000   

Florida East Coast Holdings Corp.
6.750%, 05/01/19 (144A)

    2,080,000        2,121,600   

9.750%, 05/01/20 (144A) (a)

    1,240,000        1,258,600   

Navios Maritime Acquisition Corp. / Navios Acquisition Finance U.S., Inc.
8.125%, 11/15/21 (144A)

    980,000        945,700   

Watco Cos. LLC / Watco Finance Corp.
6.375%, 04/01/23 (144A)

    1,280,000        1,286,400   

XPO Logistics, Inc.
7.875%, 09/01/19 (144A)

    700,000        722,750   
   

 

 

 
      8,210,050   
   

 

 

 

Trucking & Leasing—0.0%

  

Jurassic Holdings III, Inc.
6.875%, 02/15/21 (144A)

    550,000        550,000   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $570,036,096)

      572,450,169   
   

 

 

 
Mortgage-Backed Securities—24.0%   

Collateralized Mortgage Obligations—17.3%

  

American Home Mortgage Assets Trust
0.345%, 12/25/46 (b)

    4,360,744        3,056,288   

American Home Mortgage Investment Trust
0.375%, 06/25/45 (b)

    888,572        844,167   

0.735%, 11/25/45 (b)

    806,250        701,118   

Banc of America Funding Trust
0.324%, 05/20/36 (b)

    583,203        566,685   

Banc of America Mortgage Securities, Inc.
4.934%, 12/25/34 (b)

    13,245        12,952   

 

MSF-197


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Banc of America Mortgage Trust
2.686%, 09/25/35 (b)

    224,807      $ 213,427   

BCAP LLC
2.926%, 05/26/47 (144A) (b)

    8,660,710        6,175,303   

Bear Stearns Adjustable Rate Mortgage Trust
2.664%, 10/25/35 (b)

    2,206,483        2,196,982   

Bear Stearns Asset Backed Securities I Trust
0.385%, 04/25/36 (b)

    1,126,629        1,015,983   

32.914%, 07/25/36 (b)

    1,090,908        1,683,537   

BLCP Hotel Trust
5.881%, 08/15/29 (144A) (b)

    12,000,000        11,937,612   

Citigroup Mortgage Loan Trust, Inc.
2.819%, 12/25/35 (b)

    2,680,407        2,353,113   

CitiMortgage Alternative Loan Trust
34.728%, 07/25/37 (b)

    2,553,685        4,477,128   

Countrywide Alternative Loan Trust
0.384%, 07/20/35 (b)

    2,807,908        2,443,714   

0.425%, 01/25/36 (b)

    376,639        336,548   

0.455%, 12/25/35 (b)

    5,858,334        4,992,303   

5.500%, 10/25/33

    15,402        16,502   

5.500%, 02/25/35

    4,161,848        4,199,837   

5.750%, 01/25/37

    4,599,519        3,983,114   

6.000%, 01/25/37

    5,164,454        4,653,328   

16.600%, 06/25/35 (b)

    3,480,433        4,270,174   

22.337%, 02/25/36 (b)

    3,288,230        4,493,604   

27.982%, 07/25/36 (b)

    5,402,890        8,502,793   

38.073%, 08/25/37 (b)

    5,288,034        9,656,587   

Countrywide Alternative Loan Trust Resecuritization
6.000%, 08/25/37

    11,302,385        8,860,105   

Countrywide Home Loan Mortgage Pass-Through Trust
2.383%, 11/25/34 (b)

    154,626        131,684   

Countrywide Home Loan Reperforming Loan REMIC Trust
0.515%, 03/25/35 (144A) (b)

    958,616        854,509   

0.575%, 11/25/34 (144A) (b)

    126,557        111,158   

Credit Suisse Mortgage Backed Trust
29.675%, 02/25/36 (b)

    3,300,733        4,864,647   

Deutsche ALT-A Securities, Inc. Mortgage Loan Trust
1.823%, 08/25/35 (b)

    74,413        59,710   

DSLA Mortgage Loan Trust
0.363%, 03/19/45 (b)

    250,258        227,106   

1.035%, 03/19/46 (b)

    1,917,364        1,493,096   

Fannie Mae Connecticut Avenue Securities
3.155%, 07/25/24 (b)

    8,670,000        8,197,095   

5.405%, 10/25/23 (b)

    2,780,000        3,140,066   

GreenPoint MTA Trust
0.375%, 06/25/45 (b)

    2,224,139        1,976,485   

GSMPS Mortgage Loan Trust
0.505%, 09/25/35 (144A) (b)

    4,535,705        3,877,035   

0.555%, 04/25/36 (144A) (b)

    1,200,206        1,011,668   

GSR Mortgage Loan Trust
2.674%, 10/25/35 (b)

    577,733        515,881   

Collateralized Mortgage Obligations—(Continued)

  

HarborView Mortgage Loan Trust
0.403%, 01/19/36 (b)

    1,381,248      963,669   

0.953%, 11/19/34 (b)

    2,777,179        2,329,960   

1.155%, 10/25/37 (b)

    2,420,685        2,171,117   

Impac Secured Assets CMN Owner Trust
0.475%, 03/25/36 (b)

    1,311,707        956,435   

Impac Secured Assets Trust
0.505%, 08/25/36 (b)

    160,933        158,681   

IndyMac INDX Mortgage Loan Trust
0.875%, 01/25/35 (b)

    1,505,150        1,197,103   

2.477%, 03/25/35 (b)

    865,698        863,968   

4.375%, 08/25/37 (b)

    2,458,898        2,041,207   

JP Morgan Alternative Loan Trust
0.435%, 04/25/47 (b)

    5,569,187        5,102,645   

JPMorgan Mortgage Trust
6.500%, 01/25/36

    160,168        136,484   

Lehman Mortgage Trust
6.476%, 02/25/37 (b) (g)

    10,771,838        2,899,563   

Lehman XS Trust
0.315%, 03/25/47 (b)

    4,369,142        3,314,269   

0.355%, 08/25/46 (b)

    3,955,349        3,371,310   

Luminent Mortgage Trust
0.345%, 05/25/46 (b)

    1,685,968        1,368,054   

MASTR Adjustable Rate Mortgages Trust
2.568%, 11/25/35 (144A) (b)

    95,366        69,870   

MASTR Seasoned Securitization Trust
3.248%, 10/25/32 (b)

    278,310        273,634   

Merrill Lynch Mortgage Investors Trust
2.431%, 08/25/33 (b)

    1,401,533        1,294,285   

2.578%, 05/25/34 (b)

    184,783        184,917   

Morgan Stanley Mortgage Loan Trust
0.475%, 01/25/35 (b)

    1,788,655        1,700,900   

2.836%, 03/25/36 (b)

    227,879        194,560   

Nomura Resecuritization Trust
2.403%, 08/26/34 (144A) (b)

    3,321,513        2,732,360   

NovaStar Mortgage Funding Trust
0.345%, 09/25/46 (b)

    1,405,207        1,199,378   

Opteum Mortgage Acceptance Corp. Asset Backed Pass-Through Certificates
0.725%, 02/25/35 (b)

    5,000,000        4,782,120   

Prime Mortgage Trust
5.500%, 05/25/35 (144A)

    2,181,172        2,270,240   

6.000%, 05/25/35 (144A)

    3,480,619        3,515,293   

RBSGC Mortgage Loan Trust
0.605%, 01/25/37 (b)

    1,428,464        998,742   

Residential Accredit Loans, Inc. Trust
0.335%, 12/25/36 (b)

    3,166,125        2,361,429   

0.345%, 05/25/47 (b)

    2,184,416        1,811,116   

0.355%, 05/25/47 (b)

    4,265,757        3,540,284   

0.365%, 04/25/46 (b)

    2,149,024        1,065,415   

0.415%, 04/25/46 (b)

    1,115,051        560,254   

0.485%, 04/25/46 (b)

    1,560,688        774,651   

1.410%, 11/25/37 (b)

    7,015,520        4,551,172   

Residential Asset Securitization Trust
5.750%, 02/25/36

    4,095,321        3,869,550   

6.396%, 12/25/36 (b) (g)

    17,041,353        4,485,540   

 

MSF-198


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Sequoia Mortgage Trust
1.000%, 06/20/33 (b)

    219,026      $ 214,930   

Structured Adjustable Rate Mortgage Loan Trust
0.475%, 10/25/35 (b)

    135,277        115,476   

0.800%, 04/25/35 (b)

    5,431,609        4,620,143   

1.655%, 09/25/37 (b)

    6,181,330        5,672,656   

2.373%, 01/25/35 (b)

    1,071,710        1,069,912   

2.618%, 09/25/35 (b)

    1,275,774        1,092,963   

Structured Agency Credit Risk Debt Notes
4.655%, 02/25/24 (b)

    2,210,000        2,305,010   

Structured Asset Mortgage Investments II Trust
0.365%, 05/25/46 (b)

    321,677        249,441   

0.435%, 02/25/36 (b)

    6,256,219        4,993,657   

2.520%, 08/25/35 (b)

    160,045        159,146   

Structured Asset Securities Corp. Trust
0.505%, 03/25/35 (b)

    4,271,477        3,445,527   

WaMu Mortgage Pass-Through Certificates Trust
0.425%, 12/25/45 (b)

    1,127,267        1,074,466   

0.445%, 07/25/45 (b)

    32,581        31,072   

0.445%, 10/25/45 (b)

    1,043,350        997,061   

0.925%, 07/25/47 (b)

    281,941        94,735   

2.091%, 09/25/36 (b)

    1,530,318        1,353,591   

2.431%, 10/25/34 (b)

    1,391,909        1,398,967   

6.526%, 04/25/37 (b) (g)

    17,604,439        4,659,825   

Wells Fargo Mortgage Backed Securities Trust
2.600%, 06/25/35 (b)

    118,127        118,966   

2.606%, 10/25/35 (b)

    147,728        148,817   

2.610%, 04/25/36 (b)

    199,763        195,756   
   

 

 

 
      221,225,336   
   

 

 

 

Commercial Mortgage-Backed Securities—6.7%

  

Americold 2010 LLC Trust
4.954%, 01/14/29 (144A)

    500,000        544,395   

Banc of America Commercial Mortgage Trust
5.448%, 09/10/47

    150,000        160,739   

Bear Stearns Commercial Mortgage Securities Trust
6.357%, 06/11/50 (b)

    1,040,000        1,009,373   

CD Mortgage Trust
5.527%, 01/15/46 (b)

    100,000        105,063   

Citigroup Commercial Mortgage Trust
6.339%, 12/10/49 (b)

    2,970,000        2,984,372   

COBALT CMBS Commercial Mortgage Trust
5.526%, 04/15/47 (b)

    295,000        320,048   

5.970%, 05/15/46 (b)

    3,260,000        3,328,630   

Commercial Mortgage Pass-Through Certificates
4.046%, 10/10/46

    320,000        337,299   

4.300%, 10/10/46

    340,000        357,013   

4.715%, 10/10/46 (b)

    710,000        770,919   

4.762%, 10/10/46 (b)

    150,000        159,857   

5.255%, 10/10/46 (b)

    70,000        74,256   

5.377%, 12/10/46

    6,299,000        6,291,851   

Commercial Mortgage-Backed Securities—(Continued)

  

Credit Suisse Commercial Mortgage Trust
5.373%, 12/15/39

    1,360,209      1,308,986   

5.615%, 01/15/49 (b)

    140,000        151,578   

5.749%, 01/15/49 (b)

    950,000        946,724   

CSMC Trust
4.373%, 09/15/37 (144A)

    1,620,000        1,468,773   

DBUBS Mortgage Trust
1.552%, 08/10/44 (144A) (b) (g)

    3,570,959        87,274   

3.750%, 08/10/44 (144A)

    5,180,000        3,135,519   

GMAC Commercial Mortgage Securities, Inc.
5.349%, 11/10/45 (b)

    3,180,000        3,096,229   

Greenwich Capital Commercial Funding Corp.
6.014%, 07/10/38 (b)

    560,000        598,124   

GS Mortgage Securities Corp. II
4.271%, 11/10/46

    620,000        662,849   

4.649%, 11/10/46

    680,000        734,360   

5.161%, 11/10/46

    550,000        598,537   

GS Mortgage Securities Trust
1.865%, 08/10/44 (144A) (b) (g)

    1,361,290        84,604   

5.622%, 11/10/39

    2,350,143        2,411,430   

5.757%, 04/10/38 (b)

    1,270,000        1,273,622   

JPMBB Commercial Mortgage Securities Trust
4.420%, 11/15/45

    750,000        794,551   

5.251%, 11/15/45 (b)

    310,000        329,779   

JPMorgan Chase Commercial Mortgage Securities Trust
1.074%, 06/15/19

    3,880,000        3,920,569   

3.754%, 06/15/29 (144A) (b)

    3,540,000        3,532,941   

5.386%, 05/15/47 (b)

    2,280,000        2,035,226   

5.411%, 05/15/47

    2,360,000        2,020,191   

5.502%, 06/12/47 (b)

    3,310,000        3,277,833   

5.593%, 05/12/45

    130,000        139,823   

6.082%, 02/12/51 (b)

    30,000        33,310   

LB-UBS Commercial Mortgage Trust
6.331%, 07/15/40 (b)

    1,210,000        1,253,057   

6.370%, 09/15/45 (b)

    230,000        258,622   

6.456%, 09/15/45 (b)

    1,100,000        1,053,328   

ML-CFC Commercial Mortgage Trust
5.450%, 08/12/48 (b)

    1,318,000        1,268,277   

5.485%, 07/12/46 (b)

    2,500,000        2,553,430   

5.485%, 03/12/51 (b)

    1,650,000        1,788,753   

6.079%, 08/12/49 (b)

    235,000        257,408   

6.193%, 09/12/49 (b)

    3,590,000        3,494,685   

6.222%, 09/12/49 (b)

    5,780,000        5,612,542   

Morgan Stanley Bank of America Merrill Lynch Trust
2.021%, 08/15/45 (144A) (b) (g)

    3,060,278        264,647   

2.918%, 02/15/46

    260,000        253,500   

3.456%, 05/15/46

    510,000        508,216   

Morgan Stanley Capital I Trust
5.399%, 12/15/43

    3,876,053        3,565,221   

6.105%, 06/11/49 (b)

    2,510,000        2,370,005   

PFP III, Ltd.
4.254%, 06/14/31 (144A) (b)

    1,280,000        1,289,827   

UBS-Barclays Commercial Mortgage Trust
3.317%, 12/10/45 (144A)

    60,000        59,177   

 

MSF-199


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Wachovia Bank Commercial Mortgage Trust
0.354%, 12/15/43 (144A) (b)

    646,000      $ 627,207   

5.383%, 12/15/43

    360,000        385,220   

5.413%, 12/15/43 (b)

    1,613,290        1,662,329   

5.734%, 01/15/45 (144A) (b)

    6,466,500        6,000,201   

5.825%, 07/15/45 (b)

    1,720,000        1,748,755   

WF-RBS Commercial Mortgage Trust
1.276%, 02/15/44 (144A) (b) (g)

    4,386,315        141,217   
   

 

 

 
      85,502,271   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $299,694,648)

      306,727,607   
   

 

 

 
Foreign Government—9.5%   

Regional Government—0.2%

  

Japan Finance Organization for Municipalities 4.000%, 01/13/21

    1,900,000        2,074,376   
   

 

 

 

Sovereign—9.3%

  

Argentina Boden Bond
7.000%, 10/03/15

    7,565,000        6,775,088   

Brazil Notas do Tesouro Nacional
10.000%, 01/01/17 (BRL)

    68,271,000        26,696,265   

Hungary Government International Bond
5.750%, 11/22/23

    2,424,000        2,627,010   

Indonesia Government International Bonds
3.750%, 04/25/22

    430,000        414,950   

3.750%, 04/25/22 (144A)

    280,000        270,200   

4.875%, 05/05/21

    400,000        416,000   

5.875%, 03/13/20

    300,000        328,875   

5.875%, 01/15/24 (144A)

    887,000        977,917   

Japan Bank for International Cooperation
2.875%, 02/02/15

    1,580,000        1,593,904   

Mexican Bonos
6.500%, 06/09/22 (MXN)

    540,143,700        41,635,928   

8.000%, 06/11/20 (MXN)

    90,954,000        7,609,221   

Portugal Government International Bond
5.125%, 10/15/24 (144A)

    14,000,000        14,504,280   

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

    1,910,635        2,140,351   

South Africa Government International Bond
5.875%, 09/16/25 (a)

    2,310,000        2,541,000   

Turkey Government International Bond
6.250%, 09/26/22

    4,810,000        5,291,000   

Venezuela Government International Bond
7.750%, 10/13/19

    7,090,000        4,909,825   
   

 

 

 
      118,731,814   
   

 

 

 

Total Foreign Government
(Cost $130,603,353)

      120,806,190   
   

 

 

 
U.S. Treasury & Government Agencies—7.3%   
Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—6.6%

  

Fannie Mae 15 Yr. Pool
3.500%, TBA (i)

    2,500,000      2,627,930   

5.500%, 12/01/16

    5,607        5,932   

6.500%, 03/01/16

    283        285   

6.500%, 09/01/16

    4,250        4,369   

6.500%, 12/01/16

    6,544        6,787   

6.500%, 01/01/17

    4,664        4,857   

Fannie Mae 20 Yr. Pool
4.500%, 04/01/31

    271,912        295,981   

4.500%, 05/01/31

    796,899        867,748   

4.500%, 06/01/31

    280,356        305,242   

8.500%, 08/01/19

    16,497        17,852   

Fannie Mae 30 Yr. Pool
2.500%, 10/01/42

    1,075,932        1,020,289   

3.500%, TBA (i)

    1,500,000        1,528,711   

4.000%, TBA (i)

    14,400,000        15,167,400   

4.500%, 10/01/41

    1,331,183        1,440,068   

4.500%, TBA (i)

    7,700,000        8,298,981   

5.000%, 01/01/39

    23,732        26,371   

5.000%, 08/01/39

    59,074        65,445   

5.000%, 11/01/39

    15,690        17,471   

5.000%, 12/01/39

    43,992        48,976   

5.000%, 05/01/40

    99,128        110,385   

5.000%, 07/01/40

    70,167        78,101   

5.000%, 11/01/40

    2,130,333        2,368,555   

5.000%, 01/01/41

    76,724        85,439   

5.000%, 02/01/41

    89,692        99,569   

5.000%, 04/01/41

    208,855        230,459   

5.000%, 05/01/41

    4,744,391        5,282,966   

5.000%, 06/01/41

    440,501        490,536   

6.000%, 04/01/32

    81,085        92,197   

6.500%, 08/01/31

    1,409        1,595   

6.500%, 10/01/31

    2,138        2,420   

6.500%, 03/01/32

    14,405        16,306   

6.500%, 06/01/37

    49,600        56,144   

7.000%, 05/01/26

    1,866        2,062   

7.000%, 07/01/30

    300        310   

7.000%, 01/01/31

    448        510   

7.000%, 09/01/31

    6,006        6,777   

7.000%, 10/01/31

    3,647        4,172   

7.000%, 11/01/31

    48,226        55,648   

7.000%, 01/01/32

    6,297        6,462   

7.000%, 02/01/32

    4,955        5,198   

7.500%, 12/01/29

    531        547   

7.500%, 02/01/30

    373        379   

7.500%, 06/01/30

    769        775   

7.500%, 08/01/30

    96        100   

7.500%, 09/01/30

    1,080        1,239   

7.500%, 11/01/30

    11,275        12,165   

7.500%, 02/01/31

    6,156        6,518   

8.000%, 08/01/27

    1,514        1,714   

8.000%, 07/01/30

    1,159        1,410   

8.000%, 09/01/30

    828        916   

8.000%, 01/01/31

    4,508        4,552   

 

MSF-200


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae Pool
3.500%, 08/01/42

    1,350,677      $ 1,379,008   

3.500%, 12/01/42

    720,355        739,232   

3.500%, 05/01/43

    186,099        190,984   

4.000%, 10/01/42

    360,543        381,160   

5.000%, 05/01/40

    84,406        93,988   

Fannie Mae REMICS (CMO)
Zero Coupon, 03/25/42 (j)

    271,749        247,307   

0.505%, 05/25/34 (b)

    249,385        250,234   

6.376%, 12/25/40 (b) (g)

    1,716,589        240,249   

6.376%, 01/25/41 (b) (g)

    1,115,266        197,940   

6.396%, 10/25/41 (b) (g)

    3,484,257        560,958   

9.750%, 11/25/18

    402,384        449,133   

9.750%, 08/25/19

    136,540        152,188   

Freddie Mac 15 Yr. Gold Pool
7.000%, 02/01/15

    712        714   

7.000%, 05/01/16

    4,925        4,975   

Freddie Mac 30 Yr. Gold Pool
3.500%, TBA (i)

    900,000        918,598   

5.000%, 12/01/34

    21,043        23,276   

5.000%, 11/01/41

    1,605,691        1,776,130   

6.000%, 12/01/36

    2,274        2,567   

6.000%, 02/01/37

    62,365        70,338   

6.500%, 09/01/31

    28,662        32,408   

7.000%, 03/01/39

    312,802        346,054   

Freddie Mac 30 Yr. Pool
7.000%, 07/01/31

    2,145        2,460   

Freddie Mac ARM Non-Gold Pool
1.836%, 05/01/37 (b)

    61,189        64,144   

1.945%, 02/01/37 (b)

    27,553        29,067   

1.945%, 04/01/37 (b)

    58,801        62,145   

1.949%, 03/01/37 (b)

    117,513        123,984   

2.285%, 01/01/38 (b)

    34,516        36,746   

2.495%, 05/01/37 (b)

    81,360        86,698   

2.538%, 02/01/36 (b)

    68,579        73,687   

Freddie Mac Gold Pool
3.500%, 04/01/43

    285,029        292,367   

4.000%, 10/01/42

    2,203,032        2,331,257   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.360%, 04/25/20 (b) (g)

    488,503        23,826   

1.585%, 12/25/21 (b) (g)

    2,272,656        185,078   

1.641%, 06/25/22 (b) (g)

    5,286,108        484,313   

1.724%, 10/25/21 (b) (g)

    6,320,646        559,086   

1.824%, 07/25/21 (b) (g)

    4,760,852        433,975   

Freddie Mac REMICS (CMO)
0.504%, 04/15/33 (b)

    13,137        13,142   

1,156.500%, 06/15/21 (g)

    10        160   

FREMF Mortgage Trust
3.406%, 06/25/21 (144A) (b)

    6,397,393        6,397,889   

Ginnie Mae I 30 Yr. Pool
3.500%, TBA (i)

    1,100,000        1,136,609   

5.000%, 01/15/40

    306,044        339,625   

6.000%, 07/15/38

    27,964        31,538   

6.500%, 09/15/28

    2,326        2,640   

6.500%, 10/15/28

    1,561        1,772   

Agency Sponsored Mortgage-Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool
6.500%, 01/15/29

    12,195      13,910   

6.500%, 02/15/29

    38,599        43,762   

6.500%, 06/15/29

    7,100        8,146   

6.500%, 10/15/30

    2,168        2,458   

7.000%, 06/15/28

    22,911        25,647   

7.000%, 07/15/29

    1,381        1,558   

Ginnie Mae II 30 Yr. Pool
3.500%, TBA (i)

    3,400,000        3,513,156   

4.500%, 01/20/40

    45,033        49,016   

4.500%, 05/20/40

    46,573        50,742   

4.500%, 03/20/41

    45,913        50,043   

5.000%, 07/20/40

    1,456,664        1,620,294   

5.000%, 08/20/40

    733,429        816,235   

5.000%, 09/20/40

    80,394        89,471   

5.000%, 11/20/40

    39,366        43,811   

6.000%, 12/20/36

    18,848        21,253   

6.000%, 09/20/39

    507,488        574,612   

6.000%, 09/20/40

    26,492        29,896   

6.000%, 11/20/40

    453,829        514,369   

6.000%, 09/20/41

    87,005        99,409   

Ginnie Mae II ARM Pool
1.550%, 01/20/60 (b)

    938,515        964,351   

1.915%, 05/20/60 (b)

    883,599        915,013   

Government National Mortgage Association (CMO)
0.486%, 10/20/60 (b)

    4,152,183        4,134,976   

0.606%, 02/20/61 (b)

    292,435        292,764   

0.656%, 01/20/61 (b)

    626,547        628,378   

0.656%, 03/20/61 (b)

    247,552        248,258   

1.155%, 05/20/60 (b)

    1,766,691        1,804,774   

1.304%, 11/20/59 (b)

    5,719,124        5,855,982   

6.347%, 03/20/39 (b) (g)

    402,318        52,363   

6.497%, 01/20/40 (b) (g)

    1,614,078        289,551   
   

 

 

 
      84,300,668   
   

 

 

 

Federal Agencies—0.5%

  

Federal National Mortgage Association
6.250%, 05/15/29 (a)

    1,890,000        2,555,811   

Tennessee Valley Authority
3.875%, 02/15/21

    150,000        163,499   

5.250%, 09/15/39

    400,000        485,751   

5.980%, 04/01/36

    2,490,000        3,302,599   
   

 

 

 
      6,507,660   
   

 

 

 

U.S. Treasury—0.2%

  

U.S. Treasury Bonds
3.375%, 05/15/44 (a)

    90,000        92,925   

3.750%, 11/15/43

    90,000        99,478   

U.S. Treasury Notes
0.250%, 10/31/15 (a)

    70,000        70,077   

0.375%, 11/15/15

    270,000        270,548   

1.500%, 08/31/18

    220,000        219,897   

1.500%, 05/31/19 (a)

    230,000        227,610   

1.625%, 04/30/19

    320,000        318,800   

 

MSF-201


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
1.625%, 07/31/19 (a)

    460,000      $ 457,125   

1.750%, 09/30/19

    500,000        499,336   

2.250%, 07/31/21

    340,000        341,169   

2.500%, 05/15/24

    300,000        300,187   
   

 

 

 
      2,897,152   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $93,086,013)

      93,705,480   
   

 

 

 
Asset-Backed Securities—6.9%   

Asset-Backed - Automobile—0.5%

  

Avis Budget Rental Car Funding AESOP LLC
1.920%, 09/20/19 (144A)

    570,000        565,024   

2.100%, 03/20/19 (144A)

    1,100,000        1,101,022   

2.460%, 07/20/20 (144A)

    3,290,000        3,288,628   

Hertz Vehicle Financing LLC
1.830%, 08/25/19 (144A)

    790,000        778,274   
   

 

 

 
      5,732,948   
   

 

 

 

Asset-Backed - Home Equity—1.2%

  

ABFC Trust
0.815%, 03/25/35 (b)

    2,482,334        1,945,772   

ACE Securities Corp. Home Equity Loan Trust
0.495%, 01/25/36 (b)

    625,154        107,111   

Asset Backed Securities Corp. Home Equity Loan Trust
3.004%, 04/15/33 (b)

    22,321        21,143   

Bear Stearns Asset Backed Securities Trust
0.895%, 01/25/34 (b)

    32,261        31,022   

EMC Mortgage Loan Trust
0.605%, 05/25/43 (144A) (b)

    923,039        891,435   

0.805%, 05/25/43 (144A) (b)

    7,660,000        6,434,400   

0.855%, 01/25/41 (144A) (b)

    147,093        143,350   

Home Equity Mortgage Loan Asset-Backed Trust
0.415%, 06/25/36 (b)

    11,198,469        2,651,350   

Morgan Stanley Mortgage Loan Trust
0.455%, 03/25/36 (b)

    960,350        611,752   

SASCO Mortgage Loan Trust
0.715%, 04/25/35 (b)

    23,596        23,279   

Soundview Home Loan Trust
0.315%, 10/25/36 (b)

    2,935,622        2,500,557   

Structured Asset Securities Corp. Mortgage Loan Trust
0.375%, 02/25/36 (144A) (b)

    2,720,683        164,525   
   

 

 

 
      15,525,696   
   

 

 

 

Asset-Backed - Manufactured Housing—1.0%

  

Access Financial Manufactured Housing Contract Trust
7.650%, 05/15/21

    2,115,703        1,663,078   

Greenpoint Manufactured Housing
2.911%, 03/18/29 (b)

    550,000        477,070   

3.527%, 06/19/29 (b)

    375,000        326,250   

3.656%, 02/20/30 (b)

    350,000        304,500   

Asset-Backed - Manufactured Housing—(Continued)

  

Manufactured Housing Contract Trust Pass-Through Certificates
3.652%, 03/13/32 (b)

    575,000      519,975   

3.656%, 02/20/32 (b)

    350,000        321,035   

Mid-State Trust
7.340%, 07/01/35

    288,670        309,294   

Origen Manufactured Housing Contract Trust
2.359%, 10/15/37 (b)

    2,412,539        2,141,735   

2.395%, 04/15/37 (b)

    2,212,937        1,963,873   

UCFC Manufactured Housing Contract
7.095%, 04/15/29 (b)

    4,850,000        4,774,873   
   

 

 

 
      12,801,683   
   

 

 

 

Asset-Backed - Other—3.1%

  

ACE Home Equity Loan Trust
0.415%, 02/25/31 (b)

    227,715        215,425   

Amortizing Residential Collateral Trust
1.955%, 08/25/32 (b)

    90,304        63,267   

Bear Stearns Asset-Backed Securities Trust
6.000%, 10/25/36

    2,415,258        1,987,487   

Citigroup Mortgage Loan Trust, Inc.
0.425%, 08/25/36 (b)

    11,420,512        9,222,269   

Countrywide Asset-Backed Certificates
2.030%, 06/25/34 (b)

    209,902        180,379   

Countrywide Revolving Home Equity Loan Resecuritization Trust
0.454%, 12/15/33 (144A) (b)

    351,234        284,971   

Countrywide Revolving Home Equity Loan Trust
0.294%, 07/15/36 (b)

    710,436        599,960   

First Horizon Asset-Backed Trust
0.315%, 10/25/34 (b)

    114,684        98,969   

GSAMP Trust
0.355%, 01/25/36 (b)

    107,002        29,195   

1.130%, 06/25/34 (b)

    670,000        626,570   

GSRPM Mortgage Loan Trust
0.455%, 03/25/35 (144A) (b)

    884,768        860,087   

HLSS Servicer Advance Receivables Backed Notes
1.979%, 08/15/46 (144A)

    1,470,000        1,476,615   

Home Equity Mortgage Loan Asset-Backed Notes
0.325%, 04/25/36 (b)

    239,340        172,122   

HSI Asset Securitization Corp. Trust
0.575%, 11/25/35 (b)

    4,000,000        3,085,532   

Lehman XS Trust
5.177%, 05/25/37 (b)

    6,196,217        4,934,927   

5.500%, 09/25/35 (h)

    5,730,000        5,038,332   

Long Beach Mortgage Loan Trust
0.674%, 01/21/31 (b)

    24,729        23,056   

Magnus Dritte Immobilienbesitz und Verwaltungs 1 GmbH
7.250%, 07/01/24 (144A) (EUR)

    4,300,000        5,433,301   

RAAC Trust
0.405%, 02/25/37 (144A) (b)

    666,104        657,370   

 

MSF-202


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description  

Shares/

Principal
Amount*

    Value  

Asset-Backed - Other—(Continued)

  

SACO I Trust
0.415%, 06/25/36 (b)

    534,505      $ 853,697   

0.495%, 03/25/36 (b)

    151,775        213,958   

Sail Net Interest Margin Notes
5.500%, 03/27/34 (144A) (d)

    71,380        35,256   

SpringCastle America Funding LLC
2.700%, 05/25/23 (144A)

    1,750,000        1,754,375   

Structured Asset Securities Corp.
0.815%, 02/25/35 (b)

    1,193,338        1,185,977   
   

 

 

 
      39,033,097   
   

 

 

 

Asset-Backed - Student Loan—1.1%

  

National Collegiate Student Loan Trust
0.425%, 03/26/29 (b)

    2,250,000        2,053,757   

1.005%, 03/25/38 (b)

    9,030,000        6,125,045   

Nelnet Student Loan Trust
0.458%, 03/22/32 (b)

    6,650,000        6,232,034   

Northstar Education Finance, Inc.
1.273%, 10/30/45 (b)

    100,000        80,463   
   

 

 

 
      14,491,299   
   

 

 

 

Total Asset-Backed Securities
(Cost $88,115,455)

      87,584,723   
   

 

 

 
Preferred Stocks—0.6%   

Banks—0.5%

  

GMAC Capital Trust I, 8.125% (b)

    244,339        6,501,861   
   

 

 

 

Diversified Financial Services—0.1%

  

Citigroup Capital XIII, 7.875% (b)

    35,900        966,428   
   

 

 

 

Total Preferred Stocks
(Cost $7,190,437)

      7,468,289   
   

 

 

 
Floating Rate Loans (b)—0.6%   

Electric—0.5%

  

Energy Future Intermediate Holding Co. LLC Term Loan, 4.250%, 06/19/16

    6,240,991        6,221,488   
   

 

 

 

Software—0.1%

  

First Data Corp.
Term Loan, 3.654%, 03/23/18

    1,047,353        1,028,807   
   

 

 

 

Total Floating Rate Loans
(Cost $7,213,144)

      7,250,295   
   

 

 

 
Purchased Options—0.4%   
Security Description  

Shares/
Notional/

Principal
Amount*

    Value  

Call Option—0.0%

  

Markit CDX North America Investment Grade, Series 22, Exercise Rate 0.650%,
Expires 12/17/14
(Counterparty - JPMorgan Chase Bank N.A.)

    205,000,000      496,059   
   

 

 

 

Put Options—0.4%

  

Markit CDX North America Investment Grade, Series 22, Exercise Rate 0.650%,
Expires 11/19/14
(Counterparty - Barclays Bank plc)

    323,810,000        938,728   

OTC-30 Year Interest Rate Swap, Exercise Rate 3.290%, Expires 09/04/15 (Counterparty - Morgan Stanley & Co., Inc.)

    31,710,000        1,897,289   

OTC-30 Year Interest Rate Swap, Exercise Rate 3.380%, Expires 08/12/15 (Counterparty - Deutsche Bank AG)

    31,710,000        1,529,119   
   

 

 

 
      4,365,136   
   

 

 

 

Total Purchased Options
(Cost $4,806,199)

      4,861,195   
   

 

 

 
Common Stocks—0.1%   

Marine—0.1%

  

Deep Ocean Group Holding A/S (c) (k) (l)

    44,744        1,268,403   
   

 

 

 

Metals & Mining—0.0%

  

Mirabela Nickel, Ltd. (k)

    901,134        52,015   
   

 

 

 

Real Estate Management & Development—0.0%

  

Realogy Holdings Corp. (k)

    8,748        325,425   
   

 

 

 

Total Common Stocks
(Cost $1,246,494)

      1,645,843   
   

 

 

 
Municipals—0.1%   

Virginia Housing Development Authority
6.000%, 06/25/34
(Cost $1,129,253)

    1,145,434        1,240,276   
   

 

 

 
Convertible Bond—0.1%   

Mining—0.1%

  

Mirabela Nickel, Ltd.
9.500%, 06/20/19 (144A) (f)
(Cost $881,000)

    881,000        792,900   
   

 

 

 

 

MSF-203


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Warrant—0.0%

 

Security Description  

Shares/

Principal
Amount*

    Value  

Sovereign—0.0%

  

Venezuela Government Oil-Linked Payment Obligation, Expires 04/15/20 (b) (k)
(Cost $24,160)

    4,550      $ 100,100   
   

 

 

 
Short-Term Investments—13.4%   

Discount Notes—1.9%

  

Fannie Mae Discount Notes
0.091%, 02/02/15 (m)

    12,500,000        12,496,125   

Freddie Mac Discount Notes
0.057%, 10/17/14 (m)

    12,500,000        12,499,667   
   

 

 

 
      24,995,792   
   

 

 

 

Mutual Fund—7.4%

  

State Street Navigator Securities Lending MET Portfolio (n)

    95,018,338        95,018,338   
   

 

 

 

Repurchase Agreement—4.1%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $51,865,321 on 10/01/14, collateralized by $50,105,000 U.S. Treasury Bond at 11.250% due 02/15/15 with a value of $52,907,874.

    51,865,321        51,865,321   
   

 

 

 

Total Short-Term Investments
(Cost $171,879,451)

      171,879,451   
   

 

 

 

Total Investments—107.9%
(Cost $1,375,905,703) (o)

      1,376,512,518   

Other assets and liabilities (net)—(7.9)%

      (101,167,954
   

 

 

 
Net Assets—100.0%     $ 1,275,344,564   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $93,845,271 and the collateral received consisted of cash in the amount of $95,018,338 and non-cash collateral with a value of $5,175,613. 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 is 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. The stated rate represents the rate at September 30, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Illiquid security. As of September 30, 2014, these securities represent 0.1% of net assets.
(d) Non-income producing; Security is in default and/or issuer is in bankruptcy.
(e) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(f) 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, 2014, the market value of restricted securities was $937,900, which is 0.1% of net assets. See details shown in the Restricted Securities table that follows.
(g) Interest only security.
(h) Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(i) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(j) Principal only security.
(k) Non-income producing security.
(l) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2014, these securities represent 0.1% of net assets.
(m) The rate shown represents current yield to maturity.
(n) Represents investment of cash collateral received from securities lending transactions.
(o) As of September 30, 2014, the aggregate cost of investments was $1,375,905,703. The aggregate unrealized appreciation and depreciation of investments were $35,703,311 and $(35,096,496), respectively, resulting in net unrealized appreciation of $606,815.
(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, 2014, the market value of 144A securities was $306,648,262, which is 24.0% of net assets.
(ARM)— Adjustable-Rate Mortgage
(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CMO)— Collateralized Mortgage Obligation
(EUR)— Euro
(MXN)— Mexican Peso
(REMIC)— Real Estate Mortgage Investment Conduit

 

Restricted Securities

   Acquisition
Date
   Principal
Amount
     Cost      Value  

Midwest Vanadium Pty, Ltd.

   05/05/11 - 05/24/11    $ 1,000,000       $ 1,031,242       $ 145,000   

Mirabela Nickel, Ltd.

   06/06/14 - 06/30/14      881,000         881,000         792,900   
           

 

 

 
            $ 937,900   
           

 

 

 

 

MSF-204


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
CAD     28,110,000      

Bank of America N.A.

       10/16/14         $ 25,843,048         $ (752,674
CAD     41,410,000      

Citibank N.A.

       10/16/14           37,988,804           (1,027,141
COP     25,677,860,000      

Bank of America N.A.

       10/16/14           12,805,635           (139,111
COP     24,600,000,000      

Barclays Bank plc

       10/16/14           13,057,325           (922,494
COP     23,000,000,000      

Citibank N.A.

       10/16/14           12,204,829           (859,255
EUR     2,510,000      

Goldman Sachs & Co.

       10/16/14           3,421,991           (251,449
EUR     11,660,759      

UBS AG

       11/14/14           15,606,421           (874,024
INR     782,620,000      

Bank of America N.A.

       10/16/14           12,775,383           (139,891
JPY     3,118,560,000      

Barclays Bank plc

       10/16/14           28,638,098           (200,868
MXN     195,200,000      

Bank of America N.A.

       10/16/14           14,912,488           (392,595
PHP     301,400,000      

Barclays Bank plc

       10/16/14           6,928,736           (214,953
PHP     602,650,000      

Citibank N.A.

       10/16/14           13,863,584           (439,361
RUB     112,500,000      

Bank of America N.A.

       10/16/14           3,131,088           (297,914
RUB     112,500,000      

Barclays Bank plc

       10/16/14           3,131,088           (297,914
RUB     224,600,000      

Barclays Bank plc

       10/16/14           6,452,818           (796,542
RUB     224,600,000      

Citibank N.A.

       10/16/14           6,430,316           (774,040
SGD     10,750,000      

Barclays Bank plc

       10/16/14           8,625,774           (199,086
SGD     13,250,000      

Barclays Bank plc

       10/16/14           10,631,768           (245,384
SGD     23,700,000      

Barclays Bank plc

       10/16/14           19,012,322           (434,414
SGD     11,300,000      

Citibank N.A.

       10/16/14           9,069,567           (211,746
SGD     11,750,000      

Citibank N.A.

       10/16/14           9,430,744           (220,178
ZAR     108,700,000      

Bank of America N.A.

       10/16/14           10,046,118           (434,007
ZAR     29,199,600      

Barclays Bank plc

       10/16/14           2,703,692           (121,633
ZAR     66,960,000      

Citibank N.A.

       10/16/14           6,178,148           (257,016

Contracts to Deliver

                                 
AUD     40,990,000      

Bank of America N.A.

       10/16/14         $ 38,338,152         $ 2,484,903   
AUD     2,060,000      

Citibank N.A.

       10/16/14           1,918,210           116,364   
BRL     770,000      

Bank of America N.A.

       10/16/14           337,423           24,033   
BRL     25,650,000      

Barclays Bank plc

       10/16/14           11,230,298           790,751   
BRL     665,000      

Citibank N.A.

       10/16/14           291,360           20,705   
CAD     28,110,000      

Bank of America N.A.

       10/16/14           25,624,010           533,636   
CAD     41,410,000      

Citibank N.A.

       10/16/14           38,244,820           1,283,157   
COP     24,600,000,000      

Barclays Bank plc

       10/16/14           12,713,178           578,347   
COP     23,000,000,000      

Citibank N.A.

       10/16/14           11,886,305           540,731   
EUR     19,530,000      

Barclays Bank plc

       10/16/14           25,420,053           750,456   
EUR     8,517,070      

Barclays Bank plc

       10/16/14           11,599,415           840,957   
EUR     6,400,000      

Citibank N.A.

       10/16/14           8,552,832           468,581   
EUR     4,000,000      

UBS AG

       11/14/14           5,152,892           99,225   
JPY     2,718,480,000      

Bank of America N.A.

       10/16/14           26,513,996           1,724,978   
JPY     1,556,430,000      

Barclays Bank plc

       10/16/14           15,337,459           1,144,832   
JPY     2,334,800,000      

Citibank N.A.

       10/16/14           22,941,477           1,651,124   
MXN     476,080,000      

Barclays Bank plc

       10/16/14           36,396,997           983,929   
NZD     1,470,000      

JPMorgan Chase Bank N.A.

       11/14/14           1,235,591           92,921   
PHP     301,400,000      

Barclays Bank plc

       10/16/14           6,903,344           189,562   
PHP     602,650,000      

Citibank N.A.

       10/16/14           13,806,415           382,191   
RUB     112,500,000      

Bank of America N.A.

       10/16/14           3,008,021           174,847   
RUB     337,100,000      

Barclays Bank plc

       10/16/14           8,995,153           505,703   
RUB     224,600,000      

Citibank N.A.

       10/16/14           6,005,508           349,233   
SGD     24,000,000      

Barclays Bank plc

       10/16/14           19,245,959           432,888   
SGD     23,700,000      

Barclays Bank plc

       10/16/14           19,013,008           435,100   
SGD     12,300,000      

Citibank N.A.

       10/16/14           9,862,645           220,945   
SGD     6,450,000      

Citibank N.A.

       10/16/14           5,174,364           118,351   
SGD     4,300,000      

Citibank N.A.

       10/16/14           3,449,576           78,901   
                   

 

 

 

Net Unrealized Appreciation

  

     $ 6,513,661   
                   

 

 

 

 

 

MSF-205


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
    Notional
Amount
    Unrealized
Appreciation
 

90 Day EuroDollar Futures

     12/19/16         311        USD        75,966,898      $ 68,714   

U.S. Treasury Long Bond Futures

     12/19/14         108        USD        14,882,414        11,461   

U.S. Treasury Ultra Long Bond Futures

     12/19/14         695        USD        104,795,313        1,192,187   

Futures Contracts—Short

                               

U.S. Treasury Note 2 Year Futures

     12/31/14         (211     USD        (46,185,236     9,205   

U.S. Treasury Note 5 Year Futures

     12/31/14         (1,304     USD        (154,916,286     708,098   

U.S. Treasury Note 10 Year Futures

     12/19/14         (77     USD        (9,648,422     51,094   
           

 

 

 

Net Unrealized Appreciation

  

  $ 2,040,759   
           

 

 

 

Written Options

 

Credit Default
Swaptions

  Strike
Rate
 

Counterparty

 

Floating Rate
Index

  Buy/Sell
Protection
  Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Put - OTC - 5 Year Credit Default Swap

  0.800%   JPMorgan Chase Bank N.A.   Markit CDX North America Investment Grade, Series 22   Sell     12/17/14        USD        (205,000,000   $ (533,000   $ (336,344   $ 196,656   

Put - OTC - 5 Year Credit Default Swap

  0.750%   Barclay Bank plc   Markit CDX North America Investment Grade, Series 22   Sell     11/19/14        USD        (323,810,000     (299,524     (488,305     (188,781

Put - OTC - 5 Year Credit Default Swap

  0.700%   Barclays Bank plc   Markit CDX North America Investment Grade, Series 22   Sell     11/19/14        USD        (323,810,000     (420,953     (679,496     (258,543
               

 

 

   

 

 

   

 

 

 

Totals

  

  $ (1,253,477   $ (1,504,145   $ (250,668
               

 

 

   

 

 

   

 

 

 

Swap Agreements

Cross-Currency Swaps

 

Receive

  

Pay

  Maturity
Date(a)
    Counterparty     Notional
Amount of
Currency
Received
    Notional
Amount of
Currency
Delivered
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation
 

Fixed Rate equal to 9.005% based on the notional of currency delivered

   Fixed rate equal to 7.250% based on the notional amount of currency received     07/01/24        Barclays Bank plc      $ 5,848,000        EUR         4,300,000      $ 482,942      $ (4,084   $ 487,026   
               

 

 

   

 

 

   

 

 

 

 

(a) At the maturity date, the notional amount of the the currency received will be exchanged back for the notional amount of the currency delivered.

Centrally Cleared Interest Rate Swap Agreements

 

Pay/Receive Floating Rate

   Floating Rate
Index
   Fixed
Rate
    Maturity
Date
     Notional
Amount
     Unrealized
Appreciation/
(Depreciation)
 

Pay

   3-Month SEK-STIBOR      1.418     06/17/19         SEK        408,884,000       $ 1,086,658   

Receive

   3-Month USD-LIBOR      3.383     02/15/40         USD        42,750,000         (1,274,739

Receive

   6-Month EUR-EURIBOR      0.711     06/17/19         EUR        39,994,000         (686,795
               

 

 

 

Total

  

   $ (874,876
               

 

 

 

Securities in the amount of $6,589,657 have been received at the custodian bank as collateral for swap contracts.

 

(AUD)— Australian Dollar
(BBR-FRA)— Bank Bill Reference Rate
(BRL)— Brazilian Real
(CAD)— Canadian Dollar

 

MSF-206


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

(COP)— Colombian Peso
(EUR)— Euro
(EURIBOR)— Euro Interbank Offered Rate
(INR)— Indian Rupee
(JPY)— Japanese Yen
(MXN)— Mexican Peso
(NZD)— New Zealand Dollar
(PHP)— Philippine Peso
(RUB)— Russian Ruble
(SEK)— Swedish Krona
(SGD)— Singapore Dollar
(STIBOR)— Stockholm Interbank Offered Rate
(USD)— United States Dollar
(ZAR)— South African Rand
(LIBOR)— London Interbank Offered Rate

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Total Corporate Bonds & Notes*

   $ —         $ 572,450,169       $ —         $ 572,450,169   

Total Mortgage-Backed Securities*

     —           306,727,607         —           306,727,607   

Total Foreign Government*

     —           120,806,190         —           120,806,190   

Total U.S. Treasury & Government Agencies*

     —           93,705,480         —           93,705,480   

Total Asset-Backed Securities*

     —           87,584,723         —           87,584,723   

Total Preferred Stocks*

     7,468,289         —           —           7,468,289   

Total Floating Rate Loans*

     —           7,250,295         —           7,250,295   

Total Purchased Options*

     —           4,861,195         —           4,861,195   
Common Stocks            

Marine

     —           —           1,268,403         1,268,403   

Metals & Mining

     —           52,015         —           52,015   

Real Estate Management & Development

     325,425         —           —           325,425   

Total Common Stocks

     325,425         52,015         1,268,403         1,645,843   

Total Municipals

     —           1,240,276         —           1,240,276   

Total Convertible Bond*

     —           792,900         —           792,900   

Total Warrant*

     —           100,100         —           100,100   

 

MSF-207


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  
Short-Term Investments           

Discount Notes

   $ —         $ 24,995,792      $ —         $ 24,995,792   

Mutual Fund

     95,018,338         —          —           95,018,338   

Repurchase Agreement

     —           51,865,321        —           51,865,321   

Total Short-Term Investments

     95,018,338         76,861,113        —           171,879,451   

Total Investments

   $ 102,812,052       $ 1,272,432,063      $ 1,268,403       $ 1,376,512,518   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (95,018,338   $ —         $ (95,018,338
Forward Contracts           

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —         $ 17,017,351      $ —         $ 17,017,351   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —           (10,503,690     —           (10,503,690

Total Forward Contracts

   $ —         $ 6,513,661      $ —         $ 6,513,661   
Futures Contracts           

Futures Contracts (Unrealized Appreciation)

   $ 2,040,759       $ —        $ —         $ 2,040,759   

Written Options at Value

     —           (1,504,145     —           (1,504,145
Centrally Cleared Swap Contracts           

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —         $ 1,086,658      $ —         $ 1,086,658   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —           (1,961,534     —           (1,961,534

Total Centrally Cleared Swap Contracts

   $ —         $ (874,876   $ —         $ (874,876
OTC Swap Contracts           

OTC Swap Contracts at Value (Assets)

   $ —         $ 482,942      $ —         $ 482,942   

 

* See Schedule of Investments for additional detailed categorizations.

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

 

Investments in Securities

   Balance as of
December 31,
2013
     Change in
Unrealized
Appreciation/
(Depreciation)
    Balance as of
September 30,
2014
     Change in Unrealized
Appreciation/(Depreciation)
from Investments Still Held at
September 30, 2014
 
Common Stocks           

Marine

   $ 1,474,561       $ (206,158   $ 1,268,403       $ (206,158
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 1,474,561      $ (206,158   $ 1,268,403       $ (206,158
  

 

 

    

 

 

   

 

 

    

 

 

 

 

MSF-208


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

U.S. Treasury & Government Agencies—83.8% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—17.5%

  

Fannie Mae 15 Yr. Pool
4.500%, 03/01/20

    117,947      $ 126,418   

5.000%, 03/01/18

    156,998        165,835   

6.500%, 06/01/17

    52,783        54,987   

7.000%, 12/01/14

    92        92   

7.000%, 07/01/15

    255        256   

7.500%, 02/01/16

    9,507        9,586   

Fannie Mae 20 Yr. Pool
3.500%, 04/01/33

    776,738        810,075   

4.500%, 11/01/31

    1,587,096        1,728,675   

4.500%, 12/01/31

    2,032,544        2,211,109   

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

    13,250,443        13,142,793   

3.500%, TBA (a)

    81,300,000        82,947,869   

4.000%, 07/01/42

    5,554,051        5,868,190   

4.000%, TBA (a)

    19,600,000        20,634,725   

4.500%, 04/01/41

    17,737,340        19,198,482   

4.500%, 06/01/41

    1,549,221        1,675,188   

4.500%, 09/01/41

    2,825,769        3,057,407   

4.500%, 10/01/41

    13,527,560        14,630,254   

4.500%, TBA (a)

    14,400,000        15,536,249   

5.000%, 07/01/33

    540,999        598,360   

5.000%, 09/01/33

    655,263        724,786   

5.000%, 10/01/35

    1,815,715        2,008,249   

5.000%, 03/01/36

    3,028,679        3,344,867   

5.000%, 01/01/39

    23,732        26,371   

5.000%, 08/01/39

    59,074        65,445   

5.000%, 12/01/39

    43,992        48,976   

5.000%, 05/01/40

    99,128        110,385   

5.000%, 07/01/40

    80,302        89,381   

5.000%, 11/01/40

    2,075,709        2,307,823   

5.000%, 01/01/41

    76,724        85,439   

5.000%, 02/01/41

    89,692        99,569   

5.000%, 04/01/41

    208,855        230,459   

5.000%, 05/01/41

    4,561,719        5,079,553   

5.000%, 06/01/41

    368,437        410,286   

5.000%, 07/01/41

    4,854,117        5,353,841   

5.000%, 05/01/42

    548,478        606,147   

5.000%, TBA (a)

    13,400,000        14,784,806   

6.000%, 04/01/33

    140,681        160,092   

6.000%, 02/01/34

    30,849        35,125   

6.000%, 11/01/35

    320,401        364,835   

6.000%, 08/01/37

    689,239        784,908   

6.500%, 03/01/26

    1,732        1,960   

6.500%, 04/01/29

    91,741        103,845   

7.000%, 11/01/28

    2,716        3,031   

7.000%, 02/01/29

    2,265        2,345   

7.000%, 01/01/30

    2,429        2,515   

7.000%, 10/01/37

    42,458        45,863   

7.000%, 11/01/37

    52,851        62,845   

7.000%, 12/01/37

    37,383        40,350   

7.000%, 02/01/38

    49,037        54,846   

7.000%, 08/01/38

    58,157        65,159   

7.000%, 09/01/38

    7,132        7,826   

7.000%, 11/01/38

    297,683        350,390   

7.000%, 02/01/39

    2,850,543        3,256,393   

Agency Sponsored Mortgage-Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
7.500%, 04/01/32

    14,658      15,119   

8.000%, 05/01/28

    4,720        5,426   

8.000%, 07/01/32

    936        1,013   

11.500%, 09/01/19

    17        17   

12.000%, 10/01/15

    569        572   

Fannie Mae ARM Pool
1.792%, 07/01/37 (b)

    57,745        61,328   

Fannie Mae Interest Strip (CMO)
3.500%, 11/25/41 (c)

    4,526,968        917,745   

4.000%, 04/25/42 (c)

    6,791,806        1,480,361   

4.500%, 11/25/39 (c)

    4,635,502        937,865   

Fannie Mae Pool
3.500%, 10/01/42

    7,630,845        7,790,897   

3.500%, 12/01/42

    1,802,391        1,849,612   

3.500%, 05/01/43

    465,248        477,460   

4.000%, 10/01/42

    3,154,750        3,335,147   

4.000%, 07/01/43

    95,165        100,600   

4.000%, 08/01/43

    2,130,253        2,251,930   

5.000%, 05/01/40

    42,203        46,994   

6.500%, 12/01/27

    5,260        5,352   

6.500%, 05/01/32

    43,790        47,637   

12.000%, 01/15/16

    84        85   

12.500%, 09/20/15

    8        8   

12.500%, 01/15/16

    52        52   

Fannie Mae REMICS (CMO)
Zero Coupon, 03/25/42 (d)

    1,037,579        944,255   

3.000%, 12/25/27 (c)

    12,540,108        1,532,787   

5.500%, 07/25/41

    7,290,925        8,335,649   

5.500%, 04/25/42

    4,616,095        5,120,782   

5.946%, 09/25/42 (b) (c)

    2,205,201        469,390   

5.946%, 07/25/43 (b) (c)

    2,467,507        542,910   

5.996%, 03/25/42 (b) (c)

    16,576,683        2,993,268   

5.996%, 12/25/42 (b) (c)

    1,624,551        331,142   

6.000%, 05/25/42

    3,323,406        3,694,876   

6.346%, 02/25/42 (b) (c)

    3,736,102        847,045   

6.376%, 12/25/40 (b) (c)

    2,395,241        335,231   

6.376%, 01/25/41 (b) (c)

    2,838,860        503,847   

6.396%, 10/25/41 (b) (c)

    9,818,855        1,580,816   

6.446%, 10/25/40 (b) (c)

    7,057,692        1,232,104   

6.496%, 02/25/41 (b) (c)

    1,546,331        272,869   

6.496%, 03/25/42 (b) (c)

    4,008,296        703,941   

6.500%, 06/25/39

    689,234        773,229   

6.500%, 07/25/42

    5,929,028        6,707,492   

9.750%, 11/25/18

    1,520,118        1,696,724   

9.750%, 08/25/19

    500,645        558,021   

Fannie Mae Whole Loan
3.458%, 01/25/43 (b)

    441,130        460,308   

Freddie Mac 20 Yr. Gold Pool
3.500%, 09/01/33

    3,116,921        3,241,434   

3.500%, 10/01/33

    909,157        945,477   

Freddie Mac 30 Yr. Gold Pool
5.000%, 08/01/33

    42,959        47,469   

6.000%, 10/01/36

    1,927,850        2,199,723   

6.500%, 09/01/39

    693,808        799,177   

8.000%, 12/01/19

    2,610        2,632   

8.000%, 09/01/30

    5,684        6,391   

 

MSF-209


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage-Backed—(Continued)

  

Freddie Mac 30 Yr. Non-Gold Pool
8.000%, 07/01/20

    4,502      $ 4,722   

Freddie Mac ARM Non-Gold Pool
1.836%, 05/01/37 (b)

    44,596        46,749   

1.945%, 02/01/37 (b)

    20,038        21,139   

2.495%, 05/01/37 (b)

    59,185        63,068   

2.522%, 01/01/35 (b)

    25,851        27,735   

Freddie Mac Gold Pool
3.500%, 04/01/43

    570,059        584,734   

4.000%, 04/01/43

    2,267,681        2,399,513   

4.000%, 08/01/43

    1,326,023        1,403,113   

Freddie Mac REMICS (CMO)
4.500%, 04/15/32

    304,579        332,821   

6.000%, 05/15/36

    1,350,566        1,515,817   

6.446%, 11/15/41 (b) (c)

    5,067,303        947,049   

8.500%, 06/15/21

    20,522        22,775   

Ginnie Mae I 30 Yr. Pool
5.500%, 06/15/36

    915,168        1,027,844   

6.000%, 03/15/33

    1,365,245        1,578,906   

6.500%, 06/15/31

    7,712        8,841   

6.500%, 08/15/34

    284,420        326,253   

7.500%, 01/15/29

    11,607        12,634   

7.500%, 09/15/29

    3,016        3,454   

7.500%, 02/15/30

    1,806        1,909   

8.500%, 05/15/18

    8,168        8,207   

8.500%, 06/15/25

    45,626        55,052   

9.000%, 12/15/16

    1,781        1,790   

Ginnie Mae II 30 Yr. Pool
3.500%, TBA (a)

    1,800,000        1,859,906   

4.000%, TBA (a)

    16,400,000        17,380,154   

4.500%, 01/20/40

    1,711,270        1,862,611   

4.500%, 05/20/40

    2,421,786        2,638,607   

4.500%, 09/20/40

    47,191        51,459   

4.500%, 01/20/41

    353,783        385,902   

4.500%, 07/20/41

    2,506,381        2,728,994   

5.000%, 07/20/40

    1,819,002        2,023,334   

6.000%, 11/20/34

    2,835        3,260   

6.000%, 06/20/35

    4,652        5,281   

6.000%, 07/20/36

    311,542        351,335   

6.000%, 09/20/36

    15,098        17,022   

6.000%, 07/20/38

    860,209        966,542   

6.000%, 09/20/38

    2,418,064        2,727,622   

6.000%, 06/20/39

    8,329        9,520   

6.000%, 05/20/40

    192,987        220,615   

6.000%, 06/20/40

    540,099        616,534   

6.000%, 08/20/40

    263,298        300,930   

6.000%, 09/20/40

    681,545        769,109   

6.000%, 10/20/40

    418,276        472,112   

6.000%, 11/20/40

    551,953        625,583   

6.000%, 01/20/41

    565,633        641,082   

6.000%, 03/20/41

    2,485,364        2,804,610   

6.000%, 07/20/41

    500,041        563,763   

6.000%, 12/20/41

    345,345        393,676   

6.500%, 10/20/37

    648,548        731,790   

Agency Sponsored Mortgage-Backed—(Continued)

  

Government National Mortgage Association
0.554%, 10/16/54 (b) (c)

    74,272,893      3,272,315   

0.741%, 05/16/54 (b) (c)

    26,846,489        1,523,780   

0.773%, 09/16/51 (b) (c)

    95,426,744        6,208,273   

0.855%, 02/16/53 (b) (c)

    62,227,103        3,944,701   

0.860%, 02/16/53 (b) (c)

    28,703,982        2,039,561   

0.916%, 03/16/49 (b) (c)

    39,956,670        2,359,282   

0.937%, 09/16/46 (b) (c)

    86,153,734        4,336,548   

0.944%, 06/16/55 (b) (c)

    16,016,974        1,008,637   

0.971%, 05/16/54 (b) (c)

    39,040,000        2,791,360   

1.031%, 01/16/53 (b) (c)

    17,262,724        1,485,457   

1.038%, 01/16/57 (b) (c)

    45,740,968        4,311,681   

1.038%, 09/16/55 (b) (c)

    25,345,966        1,873,042   

1.046%, 06/16/52 (b) (c)

    37,946,122        2,642,416   

1.123%, 09/16/44 (b) (c)

    23,639,785        1,844,636   

1.215%, 02/16/46 (b) (c)

    23,777,135        1,906,284   

1.382%, 02/16/48 (b) (c)

    25,732,876        2,059,299   

2.000%, 12/16/49

    4,243,495        4,246,283   

2.250%, 03/16/35

    6,452,081        6,585,226   

Government National Mortgage Association (CMO)
0.536%, 12/20/60 (b)

    22,236,887        22,184,008   

0.556%, 12/20/60 (b)

    7,839,543        7,831,798   

0.636%, 03/20/61 (b)

    6,277,877        6,290,847   

0.656%, 12/20/60 (b)

    58,189,061        58,357,335   

5.946%, 08/16/42 (b) (c)

    2,419,978        386,018   

6.347%, 03/20/39 (b) (c)

    1,006,017        130,935   

6.497%, 01/20/40 (b) (c)

    2,248,740        403,404   
   

 

 

 
      490,888,074   
   

 

 

 

Federal Agencies—32.5%

  

Federal Farm Credit Bank
0.250%, 01/07/15

    20,000,000        20,007,580   

0.250%, 09/10/15

    25,000,000        25,011,175   

0.375%, 03/03/16

    20,000,000        19,916,240   

0.390%, 05/09/16

    20,000,000        19,892,940   

0.450%, 02/03/16

    25,000,000        24,957,975   

0.500%, 08/23/16

    25,000,000        24,937,025   

0.540%, 06/06/16

    20,000,000        19,904,340   

0.820%, 02/21/17

    20,000,000        19,977,420   

1.500%, 11/16/15

    20,000,000        20,274,680   

1.950%, 11/15/17

    19,980,000        20,523,016   

Federal Home Loan Bank
0.340%, 01/25/16

    20,000,000        19,999,340   

1.375%, 12/11/15

    20,000,000        20,255,420   

2.125%, 06/09/23

    17,700,000        16,779,299   

2.750%, 06/08/18

    15,000,000        15,685,380   

5.250%, 12/11/20

    12,000,000        13,991,976   

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

    43,170,000        46,790,150   

Federal Home Loan Mortgage Corp.
Zero Coupon, 11/29/19

    10,000,000        8,764,750   

2.375%, 01/13/22 (e)

    64,000,000        63,629,952   

5.000%, 12/14/18 (e)

    13,241,000        14,974,432   

 

MSF-210


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Federal Agencies—(Continued)

  

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

    50,000,000      $ 44,346,700   

0.500%, 10/22/15

    30,000,000        30,090,300   

0.550%, 09/06/16

    22,600,000        22,568,722   

2.250%, 10/17/22

    14,000,000        13,333,152   

2.625%, 09/06/24

    42,000,000        41,314,308   

6.000%, 04/18/36

    9,700,000        10,454,301   

6.625%, 11/15/30

    3,000,000        4,262,847   

Financing Corp. Fico
Zero Coupon, 10/06/17

    20,433,000        19,585,787   

Zero Coupon, 05/11/18

    40,000,000        37,671,320   

Zero Coupon, 12/27/18

    16,254,000        15,026,709   

Zero Coupon, 06/06/19

    27,884,000        25,369,086   

Zero Coupon, 09/26/19

    14,535,000        13,083,012   

Government Trust Certificates
Zero Coupon, 10/01/16

    8,567,000        8,338,818   

National Archives Facility Trust
8.500%, 09/01/19

    2,692,400        3,174,218   

New Valley Generation II
5.572%, 05/01/20

    8,744,581        9,793,931   

Overseas Private Investment Corp.
Zero Coupon, 03/17/15

    5,000,000        5,262,770   

Zero Coupon, 11/18/15

    8,000,000        8,045,712   

2.310%, 11/15/30

    9,240,067        8,529,062   

3.330%, 05/15/33

    7,000,000        6,970,110   

3.490%, 12/20/29

    12,000,000        12,295,788   

Residual Funding Corp. Principal Strip
Zero Coupon, 10/15/20 (e)

    38,159,000        33,108,313   

Tennessee Valley Authority
1.750%, 10/15/18

    20,000,000        20,017,120   

3.875%, 02/15/21

    35,000,000        38,149,720   

4.500%, 04/01/18

    20,000,000        22,036,080   

5.500%, 07/18/17

    21,306,000        23,879,850   
   

 

 

 
      912,980,826   
   

 

 

 

U.S. Treasury—33.8%

  

U.S. Treasury Bonds
3.125%, 08/15/44 (e)

    16,000,000        15,744,992   

3.375%, 05/15/44 (e)

    8,500,000        8,776,250   

3.625%, 02/15/44

    1,300,000        1,404,813   

3.750%, 11/15/43

    5,000,000        5,526,560   

U.S. Treasury Inflation Indexed Bonds
0.625%, 02/15/43

    26,943,280        23,785,851   

1.375%, 02/15/44

    23,512,670        25,149,364   

U.S. Treasury Inflation Indexed Notes
0.375%, 07/15/23

    16,380,480        16,202,604   

U.S. Treasury Notes
0.250%, 10/31/14 (e)

    22,000,000        22,003,432   

0.250%, 10/31/15 (e)

    32,000,000        32,035,008   

0.250%, 11/30/15 (e)

    381,000,000        381,238,125   

0.375%, 01/31/16 (e)

    26,000,000        26,037,570   

0.500%, 08/31/16 (e)

    19,000,000        18,980,696   

0.625%, 11/30/17

    18,000,000        17,675,154   

0.750%, 10/31/17

    2,000,000        1,974,688   

0.875%, 09/15/16

    4,000,000        4,021,720   

U.S. Treasury—(Continued)

  

U.S. Treasury Notes
1.500%, 07/31/16 (e)

    120,000,000      122,132,760   

1.500%, 08/31/18

    63,100,000        63,070,406   

2.250%, 07/31/21

    4,000,000        4,013,752   

2.375%, 08/15/24 (e)

    34,300,000        33,903,423   

3.125%, 01/31/17 (e)

    118,000,000        124,379,316   
   

 

 

 
      948,056,484   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $2,349,493,390)

      2,351,925,384   
   

 

 

 
Corporate Bonds & Notes—9.3%   

Banks—1.7%

  

National Australia Bank, Ltd.
1.250%, 03/08/18 (144A)

    13,000,000        12,809,212   

National Bank of Canada
2.200%, 10/19/16 (144A) (e)

    13,000,000        13,329,186   

Stadshypotek AB
1.875%, 10/02/19 (144A) (e)

    5,000,000        4,916,705   

UBS AG
0.750%, 03/24/16 (144A)

    16,000,000        16,028,880   
   

 

 

 
      47,083,983   
   

 

 

 

Diversified Financial Services—7.5%

  

COP I LLC
3.650%, 12/05/21

    9,474,677        10,017,150   

MSN 41079 & 41084, Ltd.
1.717%, 07/13/24

    8,483,276        8,194,311   

National Credit Union Administration Guaranteed Notes
3.000%, 06/12/19

    19,650,000        20,651,757   

3.450%, 06/12/21

    45,000,000        48,552,750   

Postal Square, L.P.
6.500%, 06/15/22

    8,982,180        9,907,380   

Private Export Funding Corp.
1.375%, 02/15/17

    25,000,000        25,244,000   

2.250%, 12/15/17

    40,000,000        41,171,360   

3.050%, 10/15/14

    20,000,000        20,024,240   

4.950%, 11/15/15 (e)

    25,000,000        26,263,300   
   

 

 

 
      210,026,248   
   

 

 

 

Oil & Gas—0.1%

   

Petroleos Mexicanos
6.375%, 01/23/45 (144A)

    3,610,000        4,082,188   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $244,031,327)

      261,192,419   
   

 

 

 
Foreign Government—7.0%   

Sovereign—7.0%

  

Colombia Government International Bond
5.625%, 02/26/44

    4,840,000        5,324,000   

 

MSF-211


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Foreign Government—(Continued)

 

Security Description   Principal
Amount*
    Value  

Sovereign—(Continued)

  

Egypt Government AID Bond
4.450%, 09/15/15

    20,000,000      $ 20,790,480   

Indonesia Government International Bonds
3.750%, 04/25/22

    1,900,000        1,833,500   

3.750%, 04/25/22 (144A)

    410,000        395,650   

4.875%, 05/05/21

    2,957,000        3,075,280   

5.875%, 03/13/20

    310,000        339,837   

5.875%, 01/15/24 (144A)

    1,060,000        1,168,650   

Israel Government AID Bonds
Zero Coupon, 08/15/16

    28,251,000        27,778,982   

Zero Coupon, 09/15/16

    10,000,000        9,818,940   

Zero Coupon, 11/15/18

    20,869,000        19,282,330   

5.500%, 12/04/23

    18,000,000        21,779,514   

5.500%, 04/26/24

    13,700,000        16,646,240   

Mexico Government International Bonds
5.550%, 01/21/45

    11,480,000        12,754,280   

Poland Government International Bond
4.000%, 01/22/24

    7,870,000        8,086,425   

South Africa Government International Bond
5.875%, 09/16/25 (e)

    10,010,000        11,011,000   

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

    1,078,000        1,145,375   

5.750%, 03/22/24 (e)

    4,290,000        4,554,693   

6.250%, 09/26/22

    2,205,000        2,425,500   

7.000%, 03/11/19

    1,660,000        1,859,200   

7.500%, 11/07/19

    540,000        620,460   

Ukraine Government AID Bond
1.844%, 05/16/19

    25,000,000        24,912,500   
   

 

 

 

Total Foreign Government
(Cost $193,084,040)

      195,602,836   
   

 

 

 
Mortgage-Backed Securities—4.0%   

Collateralized Mortgage Obligations—2.4%

  

American Home Mortgage Assets Trust
0.345%, 09/25/46 (b)

    997,210        731,977   

0.345%, 12/25/46 (b)

    2,928,618        2,052,563   

Banc of America Funding Corp.
2.106%, 06/20/35 (b)

    383,542        252,729   

Banc of America Mortgage 2005-F Trust
2.636%, 07/25/35 (b)

    164,122        151,449   

Citigroup Mortgage Loan Trust, Inc.
2.514%, 10/25/35 (b)

    312,959        312,518   

Countrywide Alternative Loan Trust
0.354%, 07/20/46 (b)

    3,688,698        2,544,135   

0.384%, 07/20/35 (b)

    1,415,807        1,232,173   

0.445%, 05/25/34 (b)

    3,104,014        3,027,159   

Countrywide Home Loan Mortgage Pass-Through Trust
0.575%, 07/25/36 (144A) (b)

    1,143,260        1,041,475   

Deutsche Mortgage Securities, Inc.
5.234%, 06/26/35 (144A) (b)

    1,608,953        1,624,039   

FDIC Structured Sale Guaranteed Notes
0.707%, 02/25/48 (144A) (b)

    1,575,974        1,576,623   

Collateralized Mortgage Obligations—(Continued)

  

First Horizon Alternative Mortgage Securities
0.525%, 02/25/37 (b)

    330,167      202,405   

GMAC Mortgage Corp. Loan Trust
2.638%, 11/19/35 (b)

    957,443        921,829   

Greenpoint Mortgage Funding Trust
0.235%, 02/25/47 (b)

    139,720        129,380   

GSMPS Mortgage Loan Trust
0.505%, 01/25/35 (144A) (b)

    475,641        399,193   

0.555%, 06/25/34 (144A) (b)

    823,970        715,687   

3.332%, 06/25/34 (144A) (b)

    4,778,457        4,334,959   

GSR Mortgage Loan Trust
2.789%, 04/25/35 (b)

    941,061        922,988   

HarborView Mortgage Loan Trust
0.333%, 11/19/46 (b)

    171,462        135,799   

0.353%, 09/19/46 (b)

    395,680        306,553   

Impac Secured Assets CMN Owner Trust
0.475%, 03/25/36 (b)

    5,109,004        3,725,246   

JPMorgan Mortgage Trust
2.071%, 06/25/34 (b)

    290,743        288,842   

Luminent Mortgage Trust
0.345%, 05/25/46 (b)

    3,313,799        2,688,933   

MASTR Adjustable Rate Mortgages Trust
0.355%, 05/25/47 (b)

    6,824,500        5,321,943   

0.915%, 12/25/46 (b)

    6,001,272        4,408,006   

2.236%, 02/25/34 (b)

    273,118        267,839   

3.178%, 12/25/34 (b)

    23,037        22,235   

MASTR Reperforming Loan Trust
0.505%, 05/25/35 (144A) (b)

    397,283        327,694   

3.414%, 05/25/35 (144A) (b)

    4,976,862        4,135,534   

4.759%, 05/25/36 (144A) (b)

    3,902,073        3,690,900   

7.000%, 08/25/34 (144A)

    493,956        506,624   

Morgan Stanley Mortgage Loan Trust
0.225%, 06/25/36 (b)

    776,368        411,122   

2.517%, 07/25/35 (b)

    402,830        369,975   

NovaStar Mortgage Funding Trust
0.345%, 09/25/46 (b)

    2,761,958        2,357,397   

Provident Funding Mortgage Loan Trust
2.406%, 10/25/35 (b)

    147,453        144,762   

2.504%, 05/25/35 (b)

    1,077,377        1,082,714   

Residential Accredit Loans, Inc. Trust
0.315%, 01/25/37 (b)

    524,592        388,021   

RFMSI Trust
4.750%, 12/25/18

    349,566        365,149   

SACO I Trust
9.794%, 06/25/21 (144A) (b)

    1,868,031        1,870,916   

Structured Adjustable Rate Mortgage Loan Trust
2.457%, 05/25/35 (b)

    5,379,617        5,100,334   

Structured Asset Mortgage Investments II Trust
0.335%, 07/25/46 (b)

    313,280        254,468   

Structured Asset Securities Corp.
0.505%, 04/25/35 (144A) (b)

    3,546,945        2,949,877   

3.376%, 06/25/35 (144A) (b)

    200,140        178,923   

Structured Asset Securities Corp. Mortgage Loan Trust
0.955%, 09/25/33 (144A) (b)

    33,821        33,375   

 

MSF-212


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description  

Principal
Amount*

    Value  

Collateralized Mortgage Obligations—(Continued)

  

Thornburg Mortgage Securities Trust
2.456%, 09/25/37 (b)

    96,594      $ 95,898   

6.036%, 09/25/37 (b)

    80,075        83,185   

WaMu Mortgage Pass-Through Certificates Trust
0.415%, 11/25/45 (b)

    96,195        90,422   

0.425%, 12/25/45 (b)

    2,415,883        2,249,112   

0.445%, 12/25/45 (b)

    198,711        187,384   

0.475%, 08/25/45 (b)

    224,196        214,263   

0.555%, 08/25/45 (b)

    460,678        429,846   

2.372%, 04/25/35 (b)

    100,000        98,648   
   

 

 

 
      66,955,220   
   

 

 

 

Commercial Mortgage-Backed Securities—1.6%

  

FDIC Structured Sale Guaranteed Notes
2.980%, 12/06/20 (144A)

    12,954,938        13,350,569   

NCUA Guaranteed Notes Trust
2.900%, 10/29/20

    30,000,000        30,892,500   
   

 

 

 
      44,243,069   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $112,868,980)

      111,198,289   
   

 

 

 
Asset-Backed Securities—0.8%   

Asset-Backed - Home Equity—0.1%

  

Bayview Financial Asset Trust
0.755%, 12/25/39 (144A) (b)

    274,817        263,949   

EMC Mortgage Loan Trust
0.605%, 12/25/42 (144A) (b)

    76,487        71,977   

Home Equity Mortgage Loan Asset-Backed Trust
0.415%, 06/25/36 (b)

    4,390,795        1,039,564   

Morgan Stanley Mortgage Loan Trust
0.245%, 12/25/36 (b)

    270,556        155,223   

0.455%, 03/25/36 (b)

    1,887,584        1,202,408   

Option One Mortgage Loan Trust
0.735%, 06/25/33 (b)

    130,412        122,712   

Structured Asset Securities Corp. Mortgage Loan Trust
0.375%, 02/25/36 (144A) (b)

    4,878,466        295,011   
   

 

 

 
      3,150,844   
   

 

 

 

Asset-Backed - Other—0.4%

  

ACE Home Equity Loan Trust
0.415%, 02/25/31 (b)

    447,578        423,423   

Amortizing Residential Collateral Trust
0.775%, 01/01/32 (b)

    66,120        58,550   

Countrywide Home Equity Loan Trust
0.305%, 11/15/36 (b)

    62,245        54,782   

0.434%, 02/15/34 (b)

    315,539        276,934   

0.444%, 02/15/34 (b)

    169,330        153,792   

Countrywide Revolving Home Equity Loan Trust
0.294%, 07/15/36 (b)

    1,408,622        1,189,576   

Asset-Backed - Other—(Continued)

  

GMAC Mortgage Corp. Loan Trust
0.335%, 12/25/36 (b)

    650,605      565,989   

0.365%, 11/25/36 (b)

    3,502,642        2,997,445   

GSR Mortgage Loan Trust
0.695%, 11/25/30 (b)

    2,724        399   

Ownit Mortgage Loan Trust
3.384%, 12/25/36

    1,290,009        594,598   

RAAC Series
0.425%, 05/25/36 (144A) (b)

    1,731,266        1,535,555   

SACO I Trust
0.415%, 06/25/36 (b)

    947,105        1,512,691   

0.455%, 04/25/36 (b)

    359,450        581,788   

0.675%, 06/25/36 (b)

    15,836        25,387   

Soundview Home Loan Trust
5.645%, 10/25/36

    260,200        263,819   
   

 

 

 
      10,234,728   
   

 

 

 

Asset-Backed - Student Loan—0.3%

   

NCUA Guaranteed Notes Trust
0.504%, 12/07/20 (b)

    7,994,363        8,003,317   
   

 

 

 

Total Asset-Backed Securities
(Cost $26,869,357)

      21,388,889   
   

 

 

 
Short-Term Investments—12.5%                

Mutual Fund—12.4%

   

State Street Navigator Securities Lending MET Portfolio (f)

    348,875,821        348,875,821   
   

 

 

 

Repurchase Agreement—0.1%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $3,157,949 on 10/01/14, collateralized by $3,055,000 U.S. Treasury Bond at 11.250% due 02/15/15 with a value of $3,225,897.

    3,157,949        3,157,949   
   

 

 

 

Total Short-Term Investments
(Cost $352,033,770)

      352,033,770   
   

 

 

 

Total Investments—117.4%
(Cost $3,278,380,864) (g)

      3,293,341,587   

Other assets and liabilities (net)—(17.4)%

      (488,791,117
   

 

 

 
Net Assets—100.0%     $ 2,804,550,470   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b) Variable or floating rate security. The stated rate represents the rate at September 30, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.

 

MSF-213


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

(d) Principal only security.
(e) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $517,541,007 and the collateral received consisted of cash in the amount of $348,875,821 and non-cash collateral with a value of $180,803,331. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(f) Represents investment of cash collateral received from securities lending transactions.
(g) As of September 30, 2014, the aggregate cost of investments was $3,278,380,864. The aggregate unrealized appreciation and depreciation of investments were $53,255,506 and $(38,294,783), respectively, resulting in net unrealized appreciation of $14,960,723.
(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, 2014, the market value of 144A securities was $91,633,351, which is 3.3% of net assets.
(ARM)— Adjustable-Rate Mortgage
(CMO)— Collateralized Mortgage Obligation
(REMIC)— Real Estate Mortgage Investment Conduit

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
    Notional
Amount
    Unrealized
Appreciation/
(Depreciation)
 

U.S. Treasury Note 5 Year Futures

     12/31/14         193        USD         22,819,862      $ 3,896   

U.S. Treasury Ultra Long Bond Futures

     12/19/14         6        USD         915,770        (770

Futures Contracts—Short

                                

U.S. Treasury Long Bond Futures

     12/19/14         (830     USD         (115,023,615     561,428   

U.S. Treasury Note 10 Year Futures

     12/19/14         (418     USD         (52,172,673     72,892   
            

 

 

 

Net Unrealized Appreciation

  

  $ 637,446   
            

 

 

 

 

(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —         $ 2,351,925,384       $ —         $ 2,351,925,384   

Total Corporate Bonds & Notes*

     —           261,192,419         —           261,192,419   

Total Foreign Government*

     —           195,602,836         —           195,602,836   

Total Mortgage-Backed Securities*

     —           111,198,289         —           111,198,289   

Total Asset-Backed Securities*

     —           21,388,889         —           21,388,889   

 

MSF-214


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  
Short-Term Investments          

Mutual Fund

   $ 348,875,821      $ —        $ —         $ 348,875,821   

Repurchase Agreement

     —          3,157,949        —           3,157,949   

Total Short-Term Investments

     348,875,821        3,157,949        —           352,033,770   

Total Investments

   $ 348,875,821      $ 2,944,465,766      $ —         $ 3,293,341,587   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (348,875,821   $ —         $ (348,875,821
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 638,216      $ —        $ —         $ 638,216   

Futures Contracts (Unrealized Depreciation)

     (770     —          —           (770

Total Futures Contracts

   $ 637,446      $ —        $ —         $ 637,446   

 

*See Schedule of Investments for additional detailed categorizations.

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

 

Investments in Securities

   Balance as of
December 31,
2013
     Change in
Unrealized
Appreciation/
(Depreciation)
     Net Transfers
out of Level 3
    Balance as of
September 30,
2014
     Change in Unrealized
Appreciation/(Depreciation)
from Investments Still Held at
September 30, 2014
 
U.S. Treasury & Government Agencies              

Federal Agencies

   $ 10,000,000       $       $ (10,000,000   $       $   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 
   $ 10,000,000       $       $ (10,000,000   $       $   
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

U.S. Treasury & Government Agency securities in the amount of $10,000,000 were transferred out of Level 3 due to the initiation of a vendor or broker providing quotations based on market activity which has been determined to be a significant observable input.

 

MSF-215


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—59.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.4%

  

Boeing Co. (The)

    21,340      $ 2,718,289   

General Dynamics Corp.

    20,870        2,652,368   

Honeywell International, Inc.

    85,605        7,971,538   

Lockheed Martin Corp.

    26,700        4,880,226   

Precision Castparts Corp.

    9,470        2,243,254   

Raytheon Co.

    36,320        3,690,838   

United Technologies Corp.

    69,515        7,340,784   
   

 

 

 
      31,497,297   
   

 

 

 

Air Freight & Logistics—0.2%

  

FedEx Corp.

    15,470        2,497,631   

UTi Worldwide, Inc. (a) (b)

    33,260        353,554   
   

 

 

 
      2,851,185   
   

 

 

 

Airlines—0.1%

  

American Airlines Group, Inc.

    11,120        394,538   

Delta Air Lines, Inc.

    23,530        850,609   
   

 

 

 
      1,245,147   
   

 

 

 

Automobiles—0.3%

  

Harley-Davidson, Inc.

    75,672        4,404,110   
   

 

 

 

Banks—3.8%

  

Citigroup, Inc.

    370,865        19,218,224   

PNC Financial Services Group, Inc. (The)

    124,720        10,673,538   

Wells Fargo & Co.

    373,050        19,350,104   

Zions Bancorporation

    40,300        1,171,118   
   

 

 

 
      50,412,984   
   

 

 

 

Beverages—1.7%

  

Anheuser-Busch InBev NV (ADR)

    74,468        8,254,778   

Coca-Cola Co. (The)

    107,900        4,603,014   

Diageo plc (ADR)

    28,018        3,233,277   

Monster Beverage Corp. (a)

    67,681        6,204,317   
   

 

 

 
      22,295,386   
   

 

 

 

Biotechnology—1.5%

  

Affimed Therapeutics B.V. (a) (b)

    33,400        210,420   

Alkermes plc (a)

    75,465        3,235,185   

Alnylam Pharmaceuticals, Inc. (a) (b)

    6,290        491,249   

Arena Pharmaceuticals, Inc. (a) (b)

    130,295        545,936   

BioCryst Pharmaceuticals, Inc. (a)

    54,180        529,880   

Genocea Biosciences, Inc. (a)

    15,020        135,931   

Gilead Sciences, Inc. (a)

    34,300        3,651,235   

GlycoMimetics, Inc. (a) (b)

    55,683        386,440   

Incyte Corp. (a) (b)

    3,730        182,957   

Ironwood Pharmaceuticals, Inc. (a) (b)

    74,300        962,557   

Karyopharm Therapeutics, Inc. (a) (b)

    7,750        270,785   

Kite Pharma, Inc. (a) (b)

    8,500        242,250   

Novavax, Inc. (a) (b)

    56,510        235,647   

NPS Pharmaceuticals, Inc. (a)

    20,690        537,940   

Otonomy, Inc. (a) (b)

    11,100        266,400   

PTC Therapeutics, Inc. (a) (b)

    9,870        434,379   

Puma Biotechnology, Inc. (a) (b)

    1,190        283,898   

Regeneron Pharmaceuticals, Inc. (a)

    16,800        6,056,736   

Biotechnology—(Continued)

  

Seattle Genetics, Inc. (a) (b)

    5,340      198,541   

TESARO, Inc. (a) (b)

    14,520        390,878   

Trevena, Inc. (a) (b)

    45,260        290,569   

Ultragenyx Pharmaceutical, Inc. (a) (b)

    6,740        381,484   

Versartis, Inc. (a) (b)

    4,100        77,859   
   

 

 

 
      19,999,156   
   

 

 

 

Capital Markets—1.1%

  

Ameriprise Financial, Inc.

    38,370        4,734,091   

BlackRock, Inc.

    9,740        3,197,837   

Moelis & Co. (b)

    17,129        584,955   

Northern Trust Corp.

    32,240        2,193,287   

Raymond James Financial, Inc.

    20,110        1,077,494   

TD Ameritrade Holding Corp. (b)

    38,350        1,279,739   

Virtus Investment Partners, Inc.

    3,440        597,528   

WisdomTree Investments, Inc. (a) (b)

    89,000        1,012,820   
   

 

 

 
      14,677,751   
   

 

 

 

Chemicals—1.1%

  

Cabot Corp.

    41,000        2,081,570   

Celanese Corp. - Series A

    42,800        2,504,656   

Dow Chemical Co. (The)

    62,510        3,278,025   

LyondellBasell Industries NV - Class A

    24,600        2,673,036   

Sherwin-Williams Co. (The)

    20,270        4,438,927   
   

 

 

 
      14,976,214   
   

 

 

 

Commercial Services & Supplies—0.1%

  

Clean Harbors, Inc. (a) (b)

    17,190        926,885   
   

 

 

 

Communications Equipment—0.9%

  

Cisco Systems, Inc.

    455,300        11,459,901   
   

 

 

 

Construction & Engineering—0.2%

  

AECOM Technology Corp. (a) (b)

    39,080        1,318,950   

Jacobs Engineering Group, Inc. (a)

    9,510        464,278   

URS Corp.

    9,160        527,708   
   

 

 

 
      2,310,936   
   

 

 

 

Consumer Finance—0.4%

  

Santander Consumer USA Holdings, Inc.

    314,915        5,608,636   
   

 

 

 

Containers & Packaging—0.5%

  

Ball Corp.

    91,280        5,775,286   

Owens-Illinois, Inc. (a)

    57,100        1,487,455   
   

 

 

 
      7,262,741   
   

 

 

 

Diversified Financial Services—0.1%

  

MSCI, Inc. (a)

    18,270        859,055   
   

 

 

 

Electric Utilities—2.0%

  

Duke Energy Corp.

    88,210        6,595,462   

Edison International

    50,630        2,831,230   

Exelon Corp. (b)

    68,580        2,337,892   

FirstEnergy Corp.

    4,200        140,994   

ITC Holdings Corp.

    32,450        1,156,193   

 

MSF-216


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electric Utilities—(Continued)

  

NextEra Energy, Inc.

    71,950      $ 6,754,666   

Northeast Utilities

    37,150        1,645,745   

Pinnacle West Capital Corp.

    22,640        1,237,050   

Southern Co. (The)

    85,682        3,740,019   
   

 

 

 
      26,439,251   
   

 

 

 

Electrical Equipment—0.3%

  

Eaton Corp. plc

    60,530        3,835,786   
   

 

 

 

Energy Equipment & Services—0.5%

  

Baker Hughes, Inc.

    40,220        2,616,713   

Halliburton Co.

    24,890        1,605,654   

Nabors Industries, Ltd.

    39,630        901,979   

Patterson-UTI Energy, Inc.

    28,610        930,683   
   

 

 

 
      6,055,029   
   

 

 

 

Food & Staples Retailing—0.8%

  

CVS Health Corp.

    82,650        6,578,114   

Walgreen Co.

    74,030        4,387,758   
   

 

 

 
      10,965,872   
   

 

 

 

Food Products—1.1%

  

Ingredion, Inc. (b)

    11,851        898,187   

Kraft Foods Group, Inc.

    14,977        844,703   

Mondelez International, Inc. - Class A

    262,551        8,996,310   

Post Holdings, Inc. (a) (b)

    38,531        1,278,459   

Snyders-Lance, Inc. (b)

    35,460        939,690   

SunOpta, Inc. (a)

    107,590        1,298,611   
   

 

 

 
      14,255,960   
   

 

 

 

Health Care Equipment & Supplies—2.0%

  

Abbott Laboratories

    40,850        1,698,952   

Covidien plc

    88,550        7,660,460   

Medtronic, Inc. (b)

    130,060        8,057,217   

Ocular Therapeutix, Inc. (a) (b)

    22,000        329,340   

St. Jude Medical, Inc.

    96,520        5,803,748   

Stryker Corp.

    42,690        3,447,217   
   

 

 

 
      26,996,934   
   

 

 

 

Health Care Providers & Services—2.0%

  

Aetna, Inc.

    72,290        5,855,490   

Cardinal Health, Inc.

    38,200        2,861,944   

Cigna Corp.

    36,093        3,273,274   

HCA Holdings, Inc. (a)

    85,790        6,049,911   

McKesson Corp.

    28,270        5,503,321   

UnitedHealth Group, Inc.

    35,628        3,072,915   
   

 

 

 
      26,616,855   
   

 

 

 

Hotels, Restaurants & Leisure—1.0%

  

Hilton Worldwide Holdings, Inc. (a)

    97,420        2,399,455   

Las Vegas Sands Corp.

    17,350        1,079,343   

Norwegian Cruise Line Holdings, Ltd. (a)

    39,890        1,436,838   

Starbucks Corp.

    41,960        3,166,302   

Wyndham Worldwide Corp.

    56,910        4,624,506   
   

 

 

 
      12,706,444   
   

 

 

 

Household Durables—0.1%

  

Tempur Sealy International, Inc. (a)

    34,620      1,944,605   
   

 

 

 

Household Products—0.1%

  

Colgate-Palmolive Co.

    27,945        1,822,573   

Energizer Holdings, Inc.

    200        24,642   
   

 

 

 
      1,847,215   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

NRG Energy, Inc.

    34,810        1,061,009   

Pattern Energy Group, Inc.

    7,210        222,933   
   

 

 

 
      1,283,942   
   

 

 

 

Industrial Conglomerates—0.7%

  

Danaher Corp.

    122,610        9,315,908   
   

 

 

 

Insurance—3.4%

  

Allstate Corp. (The)

    62,760        3,851,581   

American International Group, Inc.

    161,370        8,717,208   

Assured Guaranty, Ltd.

    117,290        2,599,146   

Hartford Financial Services Group, Inc. (The)

    162,186        6,041,429   

Marsh & McLennan Cos., Inc.

    149,580        7,829,017   

Principal Financial Group, Inc.

    101,990        5,351,415   

Prudential Financial, Inc.

    55,150        4,849,891   

XL Group plc

    165,560        5,491,625   
   

 

 

 
      44,731,312   
   

 

 

 

Internet & Catalog Retail—0.7%

  

Amazon.com, Inc. (a)

    22,170        7,148,495   

Netflix, Inc. (a)

    4,530        2,043,845   
   

 

 

 
      9,192,340   
   

 

 

 

Internet Software & Services—0.8%

  

Akamai Technologies, Inc. (a)

    47,219        2,823,696   

Envestnet, Inc. (a) (b)

    17,687        795,915   

Facebook, Inc. - Class A (a)

    60,980        4,819,859   

Google, Inc. - Class C (a)

    280        161,661   

Yelp, Inc. (a) (b)

    38,090        2,599,643   
   

 

 

 
      11,200,774   
   

 

 

 

IT Services—2.1%

  

Accenture plc - Class A

    47,372        3,852,291   

Automatic Data Processing, Inc.

    58,530        4,862,672   

Cognizant Technology Solutions


Corp. - Class A (a)

    68,936        3,086,265   

EVERTEC, Inc.

    59,900        1,338,166   

Global Payments, Inc.

    24,550        1,715,554   

Heartland Payment Systems, Inc. (b)

    47,530        2,268,132   

Visa, Inc. - Class A

    35,096        7,488,433   

WEX, Inc. (a) (b)

    31,990        3,529,137   
   

 

 

 
      28,140,650   
   

 

 

 

Leisure Products—0.1%

  

Arctic Cat, Inc. (b)

    23,345        812,873   
   

 

 

 

 

MSF-217


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Life Sciences Tools & Services—0.4%

  

Agilent Technologies, Inc.

    37,600      $ 2,142,448   

Thermo Fisher Scientific, Inc.

    26,560        3,232,352   
   

 

 

 
      5,374,800   
   

 

 

 

Machinery—1.1%

  

Dover Corp.

    41,580        3,340,121   

Illinois Tool Works, Inc.

    68,260        5,762,509   

Luxfer Holdings plc (ADR)

    82,500        1,423,950   

Pentair plc

    70,160        4,594,779   
   

 

 

 
      15,121,359   
   

 

 

 

Media—2.2%

  

Charter Communications, Inc. - Class A (a)

    21,620        3,272,619   

Comcast Corp. - Class A

    129,490        6,963,972   

DIRECTV (a)

    103,600        8,963,472   

DreamWorks Animation SKG,

Inc. - Class A (a) (b)

    14,830        404,414   

Interpublic Group of Cos., Inc. (The)

    69,550        1,274,156   

Markit, Ltd. (a)

    23,750        554,563   

Time Warner, Inc.

    555        41,742   

Twenty-First Century Fox, Inc. - Class A

    117,850        4,041,077   

Walt Disney Co. (The)

    46,378        4,129,033   
   

 

 

 
      29,645,048   
   

 

 

 

Metals & Mining—0.2%

  

Allegheny Technologies, Inc. (b)

    19,900        738,290   

Nucor Corp.

    9,865        535,472   

Reliance Steel & Aluminum Co.

    15,000        1,026,000   

Universal Stainless & Alloy Products, Inc. (a) (b)

    3,370        88,833   
   

 

 

 
      2,388,595   
   

 

 

 

Multi-Utilities—0.5%

  

Ameren Corp.

    48,820        1,871,270   

DTE Energy Co.

    18,260        1,389,221   

PG&E Corp. (b)

    53,700        2,418,648   

Public Service Enterprise Group, Inc.

    25,300        942,172   
   

 

 

 
      6,621,311   
   

 

 

 

Multiline Retail—0.3%

  

Dollar General Corp. (a)

    31,890        1,948,798   

Dollar Tree, Inc. (a)

    43,865        2,459,511   
   

 

 

 
      4,408,309   
   

 

 

 

Oil, Gas & Consumable Fuels—4.5%

  

Alon USA Energy, Inc. (b)

    222,990        3,202,136   

Anadarko Petroleum Corp.

    58,824        5,967,107   

Cabot Oil & Gas Corp.

    113,680        3,716,199   

Chevron Corp.

    29,895        3,567,071   

Cobalt International Energy, Inc. (a)

    604,545        8,221,812   

Concho Resources, Inc. (a)

    7,000        877,730   

CONSOL Energy, Inc.

    43,900        1,662,054   

Diamondback Energy, Inc. (a)

    34,830        2,604,587   

Enbridge, Inc.

    152,925        7,322,049   

Oil, Gas & Consumable Fuels—(Continued)

  

Energen Corp.

    20,040      1,447,690   

Exxon Mobil Corp.

    73,670        6,928,664   

Gulfport Energy Corp. (a)

    46,165        2,465,211   

HollyFrontier Corp.

    28,703        1,253,747   

Kinder Morgan, Inc.

    60,095        2,304,042   

Pioneer Natural Resources Co.

    21,760        4,286,067   

Rice Energy, Inc. (a)

    95,090        2,529,394   

Williams Cos., Inc. (The)

    29,985        1,659,670   
   

 

 

 
      60,015,230   
   

 

 

 

Paper & Forest Products—0.5%

  

Boise Cascade Co. (a)

    71,981        2,169,507   

International Paper Co.

    85,900        4,100,866   
   

 

 

 
      6,270,373   
   

 

 

 

Personal Products—0.3%

  

Coty, Inc. - Class A (b)

    128,560        2,127,668   

Nu Skin Enterprises, Inc. - Class A (b)

    36,968        1,664,669   
   

 

 

 
      3,792,337   
   

 

 

 

Pharmaceuticals—2.9%

  

Achaogen, Inc. (a) (b)

    21,700        194,432   

Actavis plc (a)

    21,940        5,293,683   

Aerie Pharmaceuticals, Inc. (a) (b)

    12,730        263,384   

Bristol-Myers Squibb Co.

    162,060        8,294,231   

Eli Lilly & Co.

    66,690        4,324,846   

Johnson & Johnson

    67,690        7,215,077   

Merck & Co., Inc.

    144,860        8,587,301   

Prestige Brands Holdings, Inc. (a) (b)

    44,775        1,449,367   

Relypsa, Inc. (a) (b)

    17,835        376,140   

Tetraphase Pharmaceuticals, Inc. (a) (b)

    19,710        393,215   

Zoetis, Inc.

    62,350        2,303,832   
   

 

 

 
      38,695,508   
   

 

 

 

Professional Services—0.7%

  

Equifax, Inc.

    40,231        3,006,865   

Manpowergroup, Inc.

    25,910        1,816,291   

Nielsen NV

    48,014        2,128,461   

Robert Half International, Inc.

    19,150        938,350   

TriNet Group, Inc. (a)

    56,770        1,461,827   
   

 

 

 
      9,351,794   
   

 

 

 

Real Estate Investment Trusts—1.7%

  

American Tower Corp.

    62,632        5,864,234   

AvalonBay Communities, Inc.

    34,758        4,899,835   

Public Storage

    12,494        2,072,005   

Simon Property Group, Inc.

    21,168        3,480,442   

SL Green Realty Corp. (REIT)

    19,880        2,014,242   

Weyerhaeuser Co.

    116,560        3,713,602   
   

 

 

 
      22,044,360   
   

 

 

 

Road & Rail—0.4%

  

Con-way, Inc.

    10,220        485,450   

J.B. Hunt Transport Services, Inc.

    13,910        1,030,035   

 

MSF-218


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Road & Rail—(Continued)

  

Kansas City Southern

    3,670      $ 444,804   

Norfolk Southern Corp.

    17,720        1,977,552   

Swift Transportation Co. (a) (b)

    41,870        878,433   
   

 

 

 
      4,816,274   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.3%

  

Applied Materials, Inc.

    110,980        2,398,278   

First Solar, Inc. (a) (b)

    4,640        305,358   

Freescale Semiconductor, Ltd. (a) (b)

    236,518        4,619,197   

Intel Corp.

    256,683        8,937,702   

Lam Research Corp.

    15,870        1,185,489   

SunPower Corp. (a) (b)

    6,370        215,816   
   

 

 

 
      17,661,840   
   

 

 

 

Software—1.8%

  

Activision Blizzard, Inc.

    157,490        3,274,217   

Cadence Design Systems, Inc. (a) (b)

    25,380        436,790   

Microsoft Corp.

    430,575        19,961,457   
   

 

 

 
      23,672,464   
   

 

 

 

Specialty Retail—2.4%

  

Advance Auto Parts, Inc.

    36,720        4,784,616   

AutoZone, Inc. (a)

    10,680        5,443,169   

L Brands, Inc.

    31,570        2,114,559   

Lowe’s Cos., Inc.

    206,980        10,953,381   

Ross Stores, Inc.

    68,270        5,159,847   

Signet Jewelers, Ltd. (b)

    29,205        3,326,741   
   

 

 

 
      31,782,313   
   

 

 

 

Technology Hardware, Storage & Peripherals—3.5%

  

Apple, Inc.

    403,344        40,636,908   

Western Digital Corp.

    64,791        6,305,460   
   

 

 

 
      46,942,368   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.3%

  

Ralph Lauren Corp.

    28,610        4,712,925   
   

 

 

 

Tobacco—1.9%

  

Altria Group, Inc.

    306,840        14,096,230   

Lorillard, Inc.

    70,190        4,205,083   

Philip Morris International, Inc.

    92,060        7,677,804   
   

 

 

 
      25,979,117   
   

 

 

 

Total Common Stocks
(Cost $731,479,403)

      786,425,459   
   

 

 

 
U.S. Treasury & Government Agencies—15.8%   

Agency Sponsored Mortgage - Backed—13.5%

  

Fannie Mae 15 Yr. Pool
2.500%, TBA (c)

    900,000        905,689   

3.000%, 07/01/28

    3,243,251        3,350,502   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 15 Yr. Pool
3.500%, 07/01/28

    479,562      507,680   

3.500%, 11/01/28

    1,809,618        1,904,336   

4.000%, 04/01/26

    87,881        93,816   

4.000%, TBA (c)

    300,000        317,297   

4.500%, 08/01/18

    814,313        860,634   

4.500%, 06/01/24

    665,578        716,328   

4.500%, 02/01/25

    196,856        210,056   

4.500%, 04/01/25

    27,117        28,951   

4.500%, 07/01/25

    132,524        141,363   

4.500%, 06/01/26

    2,844,083        3,036,662   

5.000%, TBA (c)

    1,500,000        1,583,371   

Fannie Mae 30 Yr. Pool
3.000%, 02/01/43

    1,189,701        1,180,034   

3.000%, 03/01/43

    3,365,618        3,329,734   

3.000%, 04/01/43

    2,647,873        2,620,414   

3.000%, 05/01/43

    4,434,533        4,393,117   

3.000%, 06/01/43

    447,216        444,256   

3.000%, TBA (c)

    11,300,000        11,139,328   

3.500%, 03/01/43

    91,374        93,522   

3.500%, 05/01/43

    180,764        185,060   

3.500%, 06/01/43

    664,304        681,679   

3.500%, 07/01/43

    1,040,739        1,067,077   

3.500%, 08/01/43

    1,622,553        1,664,085   

3.500%, TBA (c)

    1,700,000        1,737,586   

4.000%, TBA (c)

    20,600,000        21,708,537   

4.500%, 09/01/41

    141,543        153,121   

4.500%, 08/01/42

    222,910        240,900   

4.500%, 09/01/43

    3,836,746        4,150,598   

4.500%, 10/01/43

    568,034        614,732   

4.500%, 12/01/43

    463,037        501,309   

4.500%, 01/01/44

    1,050,355        1,145,491   

4.500%, TBA (c)

    7,600,000        8,199,687   

5.000%, 04/01/33

    9,795        10,823   

5.000%, 07/01/33

    26,688        29,508   

5.000%, 09/01/33

    433,041        478,991   

5.000%, 11/01/33

    105,778        117,021   

5.000%, 12/01/33

    43,168        47,752   

5.000%, 02/01/34

    18,671        20,649   

5.000%, 03/01/34

    9,042        10,002   

5.000%, 04/01/34

    8,960        9,910   

5.000%, 06/01/34

    8,244        9,119   

5.000%, 07/01/34

    131,020        144,919   

5.000%, 10/01/34

    340,075        376,086   

5.000%, 07/01/35

    223,684        247,429   

5.000%, 10/01/35

    250,952        277,563   

5.000%, 12/01/35

    194,501        215,084   

5.000%, 08/01/36

    181,056        200,186   

5.000%, 07/01/37

    92,402        102,216   

5.000%, 07/01/41

    151,992        168,556   

5.000%, 08/01/41

    103,937        114,932   

5.000%, TBA (c)

    300,000        331,003   

5.500%, 08/01/28

    32,380        36,029   

5.500%, 04/01/33

    112,097        125,883   

5.500%, 08/01/37

    698,063        782,996   

 

MSF-219


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool
5.500%, 04/01/41

    57,577      $ 64,128   

5.500%, TBA (c)

    600,000        668,180   

6.000%, 03/01/28

    9,520        10,748   

6.000%, 05/01/28

    15,261        17,231   

6.000%, 06/01/28

    2,534        2,861   

6.000%, 02/01/34

    431,889        491,751   

6.000%, 08/01/34

    238,727        271,718   

6.000%, 04/01/35

    1,945,896        2,217,771   

6.000%, 02/01/38

    173,763        197,096   

6.000%, 03/01/38

    64,468        73,394   

6.000%, 05/01/38

    198,859        227,349   

6.000%, 10/01/38

    58,483        66,669   

6.000%, 12/01/38

    75,017        85,413   

6.000%, TBA (c)

    1,400,000        1,582,383   

6.500%, 05/01/40

    1,548,423        1,752,723   

Fannie Mae ARM Pool
2.989%, 03/01/41 (d)

    172,910        183,852   

3.132%, 03/01/41 (d)

    229,584        243,943   

3.178%, 12/01/40 (d)

    375,089        391,653   

3.362%, 06/01/41 (d)

    439,593        461,843   

3.507%, 09/01/41 (d)

    335,175        354,075   

Fannie Mae Pool
2.290%, 10/01/22

    19,305        18,795   

2.440%, 01/01/23

    20,000        19,361   

2.450%, 08/01/22

    14,266        14,046   

2.660%, 09/01/22

    19,398        19,342   

2.760%, 05/01/21

    175,000        177,003   

2.780%, 04/01/22

    28,699        28,945   

2.980%, 01/01/22

    28,666        29,258   

3.200%, 04/01/22

    19,337        19,967   

3.210%, 05/01/23

    165,000        169,191   

3.340%, 04/01/24

    85,000        87,940   

3.450%, 01/01/24

    35,000        36,465   

3.470%, 01/01/24

    34,751        36,252   

3.650%, 08/01/23

    1,873,658        1,978,321   

3.670%, 08/01/23

    83,985        88,797   

3.700%, 10/01/23

    25,000        26,482   

3.760%, 03/01/24

    30,000        31,900   

3.780%, 10/01/23

    2,224,402        2,369,231   

3.810%, 11/01/23

    642,674        685,897   

3.855%, 12/01/25

    45,000        47,708   

3.860%, 11/01/23

    25,000        26,797   

3.870%, 10/01/25

    78,997        84,218   

3.890%, 05/01/30

    104,689        109,903   

3.930%, 10/01/23

    110,000        118,289   

3.960%, 05/01/34

    44,814        46,776   

3.970%, 05/01/29

    30,000        31,915   

4.060%, 10/01/28

    68,733        73,648   

Fannie Mae-ACES
2.494%, 01/25/22 (d) (e)

    1,736,702        202,086   

3.329%, 10/25/23 (d)

    505,000        518,951   

Freddie Mac 15 Yr. Gold Pool
2.500%, 11/01/28

    2,183,831        2,208,757   

3.000%, 07/01/28

    1,221,309        1,258,871   

3.000%, 08/01/29

    782,784        808,329   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool
3.000%, TBA (c)

    100,000      102,828   

3.500%, TBA (c)

    1,500,000        1,573,617   

4.000%, TBA (c)

    2,000,000        2,112,812   

Freddie Mac 20 Yr. Gold Pool
3.500%, 08/01/34

    1,686,040        1,750,794   

Freddie Mac 30 Yr. Gold Pool
3.000%, 03/01/43

    556,391        550,106   

3.000%, 04/01/43

    2,965,470        2,931,968   

3.000%, 08/01/43

    1,327,878        1,312,876   

3.500%, 04/01/42

    372,975        382,459   

3.500%, 08/01/42

    299,722        307,575   

3.500%, 09/01/42

    170,935        175,062   

3.500%, 11/01/42

    344,592        352,498   

3.500%, 04/01/43

    1,095,593        1,122,100   

3.500%, 12/01/43

    1,049,190        1,074,574   

3.500%, TBA (c)

    1,500,000        1,530,996   

4.000%, 01/01/44

    4,119,073        4,342,508   

4.000%, TBA (c)

    5,300,000        5,579,904   

4.500%, 09/01/43

    355,276        384,380   

4.500%, 11/01/43

    3,581,379        3,868,750   

4.500%, TBA (c)

    5,400,000        5,823,562   

5.000%, 09/01/39

    2,844,200        3,129,953   

5.500%, 07/01/33

    321,273        360,649   

5.500%, 04/01/39

    158,000        175,806   

5.500%, 06/01/41

    585,336        651,478   

Freddie Mac ARM Non-Gold Pool
3.015%, 02/01/41 (d)

    343,231        365,444   

Freddie Mac Multifamily Structured Pass-Through Certificates
1.641%, 06/25/22 (d) (e)

    1,951,414        178,789   

1.687%, 12/25/18 (d) (e)

    3,212,231        181,587   

1.875%, 03/25/22 (d) (e)

    1,499,503        153,533   

1.910%, 05/25/19 (d) (e)

    2,512,803        175,137   

2.637%, 01/25/23

    1,525,000        1,504,844   

Ginnie Mae (CMO)
0.989%, 02/16/53 (d) (e)

    3,241,116        250,402   

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

    297        298   

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

    1,400,000        1,409,516   

3.500%, TBA (c)

    7,500,000        7,749,609   

4.000%, 09/15/42

    2,055,054        2,184,025   

4.500%, 04/15/41

    1,821,341        1,982,005   

4.500%, 02/15/42

    3,706,676        4,033,678   

5.000%, 12/15/38

    120,963        133,276   

5.000%, 04/15/39

    2,829,532        3,116,007   

5.000%, 07/15/39

    258,174        285,427   

5.000%, 12/15/40

    360,579        399,750   

5.500%, 12/15/40

    1,191,730        1,325,347   

9.000%, 11/15/19

    5,836        5,866   

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

    2,000,000        2,012,656   

4.000%, TBA (c)

    7,000,000        7,418,358   

4.500%, TBA (c)

    1,500,000        1,626,797   

5.000%, 10/20/39

    62,744        69,806   
   

 

 

 
      179,661,243   
   

 

 

 

 

MSF-220


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Federal Agencies—0.1%

  

Federal Home Loan Bank
5.500%, 07/15/36 (b)

    360,000      $ 466,626   

Tennessee Valley Authority
5.980%, 04/01/36

    430,000        570,329   
   

 

 

 
      1,036,955   
   

 

 

 

U.S. Treasury—2.2%

  

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

    500,000        458,125   

3.125%, 08/15/44 (b)

    5,040,000        4,959,672   

3.375%, 05/15/44 (b) (f)

    3,300,000        3,407,250   

3.750%, 11/15/43 (b)

    3,079,000        3,403,256   

U.S. Treasury Inflation Indexed Bonds
1.375%, 02/15/44 (b)

    3,143,542        3,362,361   

U.S. Treasury Inflation Indexed Notes
0.625%, 01/15/24

    9,720,872        9,769,476   

U.S. Treasury Notes
2.750%, 02/15/24 (b) (f)

    3,815,000        3,904,713   
   

 

 

 
      29,264,853   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $208,768,707)

      209,963,051   
   

 

 

 
Corporate Bonds & Notes—9.9%   

Aerospace/Defense—0.0%

  

Triumph Group, Inc.
5.250%, 06/01/22

    160,000        157,600   
   

 

 

 

Agriculture—0.0%

  

Altria Group, Inc.
4.000%, 01/31/24

    275,000        280,622   
   

 

 

 

Apparel—0.0%

  

William Carter Co. (The)
5.250%, 08/15/21

    400,000        412,000   
   

 

 

 

Auto Manufacturers—0.0%

  

General Motors Co.
6.250%, 10/02/43

    290,000        339,300   
   

 

 

 

Banks—3.9%

  

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

    1,000,000        1,331,341   

9.000%, 05/09/18 (d)

    600,000        637,500   

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

    1,400,000        1,713,012   

Bank of America Corp.
2.600%, 01/15/19

    267,000        266,480   

3.300%, 01/11/23

    882,000        860,233   

4.100%, 07/24/23

    866,000        884,097   

4.125%, 01/22/24

    1,075,000        1,095,539   

4.200%, 08/26/24

    255,000        252,795   

6.050%, 05/16/16

    950,000        1,020,027   

7.750%, 05/14/38

    1,000,000        1,351,269   

Banks—(Continued)

  

Bank of Ireland
10.000%, 07/30/16 (EUR) (b)

    460,000      627,484   

Barclays Bank plc
6.050%, 12/04/17 (144A)

    2,325,000        2,584,386   

Barclays plc
8.000%, 12/15/20 (EUR) (d)

    350,000        459,750   

8.250%, 12/15/18 (d)

    600,000        615,750   

BNP Paribas S.A.
2.400%, 12/12/18 (b)

    2,100,000        2,105,981   

BPCE S.A.
5.150%, 07/21/24 (144A) (b)

    2,150,000        2,215,601   

Capital One Financial Corp.
6.150%, 09/01/16

    1,575,000        1,720,941   

CIT Group, Inc.
5.500%, 02/15/19 (144A)

    540,000        564,975   

Citigroup, Inc.
1.700%, 07/25/16

    525,000        530,321   

3.375%, 03/01/23

    611,000        601,619   

4.450%, 01/10/17

    269,000        286,612   

4.875%, 05/07/15

    500,000        512,555   

5.500%, 09/13/25

    2,150,000        2,341,369   

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

    450,000        572,636   

6.625%, 09/23/19 (144A) (b) (d)

    270,000        258,188   

8.125%, 09/19/33 (144A) (b) (d)

    225,000        249,699   

Credit Suisse AG
5.750%, 09/18/25 (EUR) (d)

    280,000        387,658   

Credit Suisse Group AG
6.250%, 12/18/24 (144A) (d)

    240,000        232,200   

7.500%, 12/11/23 (144A) (d)

    650,000        682,500   

Credit Suisse Group Guernsey I, Ltd.
7.875%, 02/24/41 (d)

    250,000        265,000   

Goldman Sachs Group, Inc. (The)
1.835%, 11/29/23 (d)

    864,000        897,383   

3.625%, 02/07/16

    331,000        342,063   

3.625%, 01/22/23

    552,000        547,958   

4.800%, 07/08/44

    275,000        276,528   

6.750%, 10/01/37

    1,375,000        1,641,457   

HSBC Holdings plc
5.250%, 03/14/44

    280,000        297,263   

5.625%, 01/17/20 (b) (d)

    675,000        670,275   

JPMorgan Chase & Co.
3.200%, 01/25/23

    1,107,000        1,080,631   

3.375%, 05/01/23

    710,000        680,136   

4.750%, 03/01/15

    667,000        678,993   

5.625%, 08/16/43

    600,000        664,886   

6.000%, 01/15/18

    725,000        816,001   

6.750%, 02/01/24 (d)

    388,000        407,594   

KBC Groep NV
5.625%, 03/19/19 (EUR) (d)

    190,000        230,080   

LBI HF
6.100%, 08/25/11 (144A) (g)

    320,000        36,800   

Lloyds Banking Group plc
6.375%, 06/27/20 (EUR) (d)

    580,000        752,715   

7.000%, 06/27/19 (GBP) (b) (d)

    280,000        448,021   

 

MSF-221


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Morgan Stanley
2.500%, 01/24/19 (b)

    455,000      $ 455,031   

3.800%, 04/29/16

    345,000        359,462   

4.350%, 09/08/26

    870,000        855,051   

5.000%, 11/24/25

    707,000        739,388   

5.750%, 01/25/21

    550,000        624,909   

6.250%, 08/28/17

    1,000,000        1,123,546   

PNC Funding Corp.
5.250%, 11/15/15

    1,000,000        1,049,884   

Royal Bank of Scotland Group plc
5.125%, 05/28/24

    535,000        525,670   

6.125%, 12/15/22

    560,000        592,725   

Santander U.S. Debt S.A. Unipersonal
3.724%, 01/20/15 (144A)

    1,000,000        1,008,549   

Societe Generale S.A.
6.000%, 01/27/20 (144A) (d)

    300,000        274,770   

6.750%, 04/07/21 (EUR) (d)

    480,000        603,233   

8.250%, 11/29/18 (b) (d)

    1,210,000        1,243,880   

UBS AG
7.625%, 08/17/22

    250,000        290,439   

UniCredit S.p.A.
8.000%, 06/03/24 (d)

    230,000        228,101   

Wells Fargo & Co.
3.300%, 09/09/24

    2,375,000        2,329,958   

4.100%, 06/03/26

    1,170,000        1,165,887   

4.125%, 08/15/23

    615,000        635,863   
   

 

 

 
      51,802,648   
   

 

 

 

Beverages—0.1%

   

Anheuser-Busch InBev Worldwide, Inc.
0.800%, 07/15/15

    550,000        551,619   
   

 

 

 

Biotechnology—0.0%

   

Amgen, Inc.
5.650%, 06/15/42

    236,000        268,062   
   

 

 

 

Building Materials—0.0%

   

Building Materials Corp. of America
6.750%, 05/01/21 (144A)

    270,000        282,825   
   

 

 

 

Chemicals—0.1%

   

CF Industries, Inc.
5.150%, 03/15/34

    1,060,000        1,116,990   
   

 

 

 

Coal—0.0%

   

Peabody Energy Corp.
6.500%, 09/15/20 (b)

    360,000        336,600   
   

 

 

 

Commercial Services—0.1%

  

ADT Corp. (The)
6.250%, 10/15/21 (b)

    250,000        258,750   

Cardtronics, Inc.
5.125%, 08/01/22 (144A)

    220,000        216,700   

Deluxe Corp.
7.000%, 03/15/19

    210,000        219,712   

Commercial Services—(Continued)

  

Sotheby’s
5.250%, 10/01/22 (144A)

    290,000      274,775   
   

 

 

 
      969,937   
   

 

 

 

Computers—0.0%

  

NCR Corp.
4.625%, 02/15/21

    240,000        235,200   
   

 

 

 

Diversified Financial Services—0.5%

  

Ally Financial, Inc.
5.125%, 09/30/24 (b)

    80,000        78,400   

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

    1,350,000        1,521,511   

6.250%, 12/15/22 (d)

    600,000        646,500   

General Motors Financial Co., Inc.
3.500%, 07/10/19

    1,080,000        1,088,097   

4.750%, 08/15/17

    1,215,000        1,272,712   

International Lease Finance Corp.
5.875%, 04/01/19 (b)

    810,000        862,650   

Navient LLC
5.500%, 01/15/19

    520,000        530,400   

7.250%, 01/25/22

    290,000        314,650   
   

 

 

 
      6,314,920   
   

 

 

 

Electric—0.3%

  

Berkshire Hathaway Energy Co.
6.500%, 09/15/37

    1,121,000        1,449,468   

DPL, Inc.
7.250%, 10/15/21

    345,000        356,212   

Georgia Power Co.
3.000%, 04/15/16

    1,051,000        1,086,866   

Pacific Gas & Electric Co.
3.750%, 02/15/24

    360,000        368,055   

Xcel Energy, Inc.
6.500%, 07/01/36

    425,000        555,176   
   

 

 

 
      3,815,777   
   

 

 

 

Engineering & Construction—0.0%

  

Odebrecht Offshore Drilling Finance, Ltd.
6.750%, 10/01/22 (144A)

    5,508        5,714   
   

 

 

 

Environmental Control—0.0%

  

Clean Harbors, Inc.
5.250%, 08/01/20

    210,000        210,000   
   

 

 

 

Food—0.2%

  

Grupo Bimbo S.A.B. de C.V.
4.875%, 06/27/44 (144A)

    1,270,000        1,228,572   

Sysco Corp.
2.350%, 10/02/19

    700,000        700,015   
   

 

 

 
      1,928,587   
   

 

 

 

 

MSF-222


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Forest Products & Paper—0.0%

  

Clearwater Paper Corp.
5.375%, 02/01/25 (144A)

    220,000      $ 217,250   
   

 

 

 

Healthcare-Services—0.2%

  

CHS/Community Health Systems, Inc.
5.125%, 08/01/21 (144A)

    150,000        149,625   

HCA, Inc.
6.500%, 02/15/20

    810,000        884,925   

Humana, Inc.
2.625%, 10/01/19

    450,000        449,725   

Tenet Healthcare Corp.
6.000%, 10/01/20

    460,000        486,450   

WellPoint, Inc.
2.300%, 07/15/18

    1,047,000        1,049,708   
   

 

 

 
      3,020,433   
   

 

 

 

Holding Companies-Diversified—0.1%

  

Hutchison Whampoa International 12 II, Ltd.
2.000%, 11/08/17 (144A)

    1,475,000        1,485,939   
   

 

 

 

Home Builders—0.0%

  

Lennar Corp.
4.500%, 06/15/19

    215,000        213,119   

Ryland Group, Inc. (The)
5.375%, 10/01/22

    240,000        234,000   
   

 

 

 
      447,119   
   

 

 

 

Insurance—0.4%

  

American International Group, Inc.
4.500%, 07/16/44

    475,000        469,272   

5.450%, 05/18/17

    485,000        534,468   

Marsh & McLennan Cos., Inc.
2.550%, 10/15/18

    525,000        533,882   

3.500%, 03/10/25

    370,000        363,862   

Massachusetts Mutual Life Insurance Co.
8.875%, 06/01/39 (144A)

    325,000        502,055   

Nationwide Mutual Insurance Co.
9.375%, 08/15/39 (144A)

    1,000,000        1,539,543   

Prudential Financial, Inc.
4.750%, 09/17/15

    842,000        875,281   

Teachers Insurance & Annuity Association of America
6.850%, 12/16/39 (144A)

    724,000        932,732   
   

 

 

 
      5,751,095   
   

 

 

 

Internet—0.0%

  

Equinix, Inc.
4.875%, 04/01/20

    230,000        227,700   
   

 

 

 

Iron/Steel—0.1%

  

ABJA Investment Co. Pte, Ltd.
5.950%, 07/31/24

    985,000        996,820   

Glencore Funding LLC
1.700%, 05/27/16 (144A)

    625,000        629,241   

Iron/Steel—(Continued)

  

Steel Dynamics, Inc.
5.125%, 10/01/21 (144A)

    95,000      96,425   

5.500%, 10/01/24 (144A) (b)

    105,000        105,525   

United States Steel Corp.
7.375%, 04/01/20 (b)

    10,000        11,100   
   

 

 

 
      1,839,111   
   

 

 

 

Machinery-Diversified—0.0%

  

Case New Holland Industrial, Inc.
7.875%, 12/01/17

    335,000        372,269   
   

 

 

 

Media—0.9%

  

21st Century Fox America, Inc.
6.150%, 03/01/37

    825,000        981,394   

British Sky Broadcasting Group plc
2.625%, 09/16/19 (144A)

    810,000        809,512   

CCO Holdings LLC / CCO Holdings Capital Corp.
5.125%, 02/15/23

    10,000        9,600   

5.250%, 09/30/22

    10,000        9,787   

5.750%, 09/01/23

    60,000        59,700   

Comcast Corp.
4.750%, 03/01/44

    245,000        258,470   

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

    725,000        1,027,736   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.
5.000%, 03/01/21

    291,000        322,242   

5.150%, 03/15/42

    439,000        443,891   

DISH DBS Corp.
7.875%, 09/01/19

    490,000        553,700   

Gannett Co., Inc.
5.125%, 10/15/19 (144A)

    550,000        555,500   

NBCUniversal Media LLC
5.150%, 04/30/20

    601,000        682,361   

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

    710,000        788,985   

8.250%, 04/01/19

    626,000        779,666   

8.750%, 02/14/19

    669,000        842,145   

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

    695,000        683,069   

5.875%, 11/15/16

    475,000        521,186   

6.500%, 11/15/36

    1,325,000        1,594,243   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH
5.500%, 01/15/23 (144A)

    450,000        454,500   

Viacom, Inc.
5.625%, 09/15/19

    775,000        881,855   
   

 

 

 
      12,259,542   
   

 

 

 

Mining—0.1%

  

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

    300,000        288,269   

FMG Resources (August 2006) Pty, Ltd.
6.875%, 04/01/22 (144A) (b)

    220,000        223,850   
   

 

 

 
      512,119   
   

 

 

 

 

MSF-223


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Multi-National—0.1%

  

Asian Development Bank
6.350%, 08/17/16 (INR)

    49,000,000      $ 793,270   
   

 

 

 

Oil & Gas—0.6%

   

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

    900,000        1,020,166   

California Resources Corp.
5.000%, 01/15/20 (144A)

    40,000        40,600   

5.500%, 09/15/21 (144A)

    85,000        86,275   

6.000%, 11/15/24 (144A)

    55,000        56,513   

Cenovus Energy, Inc.
5.200%, 09/15/43

    1,350,000        1,444,079   

CNPC General Capital, Ltd.
1.450%, 04/16/16 (144A) (b)

    1,300,000        1,299,598   

Denbury Resources, Inc.
5.500%, 05/01/22

    115,000        113,850   

Harvest Operations Corp.
6.875%, 10/01/17

    210,000        218,925   

Lukoil International Finance B.V.
3.416%, 04/24/18 (144A)

    1,150,000        1,076,688   

Nexen Energy ULC
5.875%, 03/10/35

    35,000        40,091   

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

    1,835,000        1,878,122   

Tesoro Corp.
5.125%, 04/01/24 (b)

    30,000        29,100   

WPX Energy, Inc.
5.250%, 09/15/24

    55,000        53,350   

6.000%, 01/15/22

    20,000        20,620   
   

 

 

 
      7,377,977   
   

 

 

 

Pipelines—0.4%

   

Energy Transfer Equity L.P.
7.500%, 10/15/20

    390,000        433,875   

Energy Transfer Partners L.P.
4.150%, 10/01/20

    992,000        1,030,113   

4.900%, 02/01/24

    525,000        548,751   

Kinder Morgan Energy Partners L.P.
5.500%, 03/01/44

    675,000        676,505   

Kinder Morgan, Inc.
7.250%, 06/01/18

    260,000        295,425   

Southern Star Central Corp.
5.125%, 07/15/22 (144A)

    25,000        24,875   

Williams Partners L.P.
3.900%, 01/15/25

    930,000        923,104   

4.300%, 03/04/24

    695,000        708,869   
   

 

 

 
      4,641,517   
   

 

 

 

Real Estate Investment Trusts—0.6%

   

Brandywine Operating Partnership L.P.
3.950%, 02/15/23

    875,000        874,485   

Duke Realty L.P.
3.625%, 04/15/23 (b)

    550,000        539,583   

Health Care REIT, Inc.

   

4.500%, 01/15/24

    500,000        514,425   

Real Estate Investment Trusts—(Continued)

  

Kimco Realty Corp.
3.125%, 06/01/23

    850,000      816,615   

Liberty Property L.P.
4.125%, 06/15/22

    525,000        543,986   

Prologis L.P.
3.350%, 02/01/21 (b)

    2,675,000        2,669,329   

Ventas Realty L.P. / Ventas Capital Corp.
2.700%, 04/01/20

    1,645,000        1,618,371   

3.125%, 11/30/15

    500,000        513,432   
   

 

 

 
      8,090,226   
   

 

 

 

Retail—0.1%

  

AutoZone, Inc.
3.700%, 04/15/22

    875,000        891,387   

CVS Health Corp.
5.300%, 12/05/43

    102,000        114,281   

Group 1 Automotive, Inc.
5.000%, 06/01/22 (144A)

    205,000        198,338   

Wal-Mart Stores, Inc.
4.300%, 04/22/44 (b)

    625,000        628,698   
   

 

 

 
      1,832,704   
   

 

 

 

Savings & Loans—0.1%

  

Nationwide Building Society
6.875%, 06/20/19 (GBP) (d)

    730,000        1,142,315   
   

 

 

 

Semiconductors—0.1%

  

TSMC Global, Ltd.
1.625%, 04/03/18 (144A)

    1,400,000        1,382,437   
   

 

 

 

Software—0.1%

  

Activision Blizzard, Inc.
5.625%, 09/15/21 (144A)

    420,000        436,800   

Audatex North America, Inc.
6.000%, 06/15/21 (144A)

    220,000        225,500   
   

 

 

 
      662,300   
   

 

 

 

Telecommunications—0.7%

  

AT&T, Inc.
4.800%, 06/15/44

    810,000        798,061   

Inmarsat Finance plc
4.875%, 05/15/22 (144A)

    130,000        127,075   

SoftBank Corp.
4.500%, 04/15/20 (144A)

    380,000        379,050   

Sprint Communications, Inc.
7.000%, 03/01/20 (144A)

    540,000        590,625   

T-Mobile USA, Inc.
6.464%, 04/28/19

    440,000        457,050   

6.731%, 04/28/22

    400,000        409,000   

Verizon Communications, Inc.
2.625%, 02/21/20 (144A)

    1,777,000        1,754,707   

3.450%, 03/15/21

    365,000        370,447   

5.012%, 08/21/54 (144A)

    783,000        786,717   

5.150%, 09/15/23

    403,000        446,270   

 

MSF-224


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Telecommunications—(Continued)

  

Verizon Communications, Inc.
6.550%, 09/15/43

    2,180,000      $ 2,723,675   
   

 

 

 
      8,842,677   
   

 

 

 

Transportation—0.0%

  

Ryder System, Inc.
2.550%, 06/01/19

    365,000        365,501   
   

 

 

 

Trucking & Leasing—0.1%

  

Penske Truck Leasing Co. L.P. / PTL Finance Corp.
4.875%, 07/11/22 (144A)

    1,425,000        1,531,366   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $131,436,424)

      131,823,268   
   

 

 

 
Mortgage-Backed Securities—7.6%   

Collateralized Mortgage Obligations—2.3%

  

 

Adjustable Rate Mortgage Trust
0.425%, 11/25/35 (d)

    1,437,333        1,334,640   

Banc of America Funding Trust
0.384%, 02/20/47 (d)

    1,970,061        1,709,901   

Bear Stearns Adjustable Rate Mortgage Trust
2.645%, 07/25/36 (d)

    947,406        803,952   

Bear Stearns ALT-A Trust
0.635%, 02/25/36 (d)

    1,403,661        1,166,102   

2.701%, 08/25/36 (d)

    1,170,378        862,335   

Bear Stearns Mortgage Funding Trust
0.355%, 02/25/37 (d)

    1,183,864        875,442   

Countrywide Alternative Loan Trust
0.425%, 01/25/36 (d)

    379,596        339,191   

0.475%, 11/25/35 (d)

    260,845        212,562   

0.605%, 10/25/36 (d)

    255,684        189,387   

0.955%, 12/25/35 (d)

    1,327,831        1,097,862   

5.500%, 11/25/35

    1,673,767        1,566,994   

5.750%, 05/25/36

    237,809        202,997   

6.000%, 12/25/36

    261,199        203,575   

6.000%, 05/25/37

    344,350        282,165   

6.500%, 09/25/37

    2,938,605        2,390,408   

Countrywide Home Loan Mortgage Pass-Through Trust
0.355%, 04/25/46 (d)

    530,570        430,681   

0.495%, 02/25/35 (d)

    274,902        250,128   

0.495%, 03/25/35 (d)

    297,559        261,907   

2.416%, 06/20/35 (d)

    47,001        45,308   

2.584%, 09/25/47 (d)

    1,133,910        1,014,644   

5.750%, 08/25/37

    944,602        904,807   

Deutsche ALT-A Securities, Inc. Alternate Loan Trust
0.305%, 12/25/36 (d)

    635,875        548,876   

DSLA Mortgage Loan Trust
1.035%, 03/19/46 (d)

    141,688        110,336   

GSR Mortgage Loan Trust
0.655%, 11/25/35 (d)

    987,328        738,857   

2.742%, 01/25/36 (d)

    1,288,591        1,186,296   

6.000%, 07/25/37

    717,281        651,626   

Collateralized Mortgage Obligations—(Continued)

  

 

HarborView Mortgage Loan Trust
0.503%, 01/19/35 (d)

    126,453      89,872   

IndyMac INDA Mortgage Loan Trust
2.604%, 12/25/36 (d)

    923,158        811,433   

IndyMac INDX Mortgage Loan Trust
0.395%, 07/25/35 (d)

    98,936        88,539   

0.555%, 07/25/46 (d)

    171,625        85,451   

2.666%, 10/25/35 (d)

    141,433        122,397   

Lehman XS Trust
0.345%, 11/25/46 (d)

    1,238,388        1,030,554   

0.395%, 06/25/47 (d)

    1,227,361        829,070   

1.005%, 09/25/47 (d)

    1,211,394        1,005,340   

Luminent Mortgage Trust
0.355%, 02/25/46 (d)

    1,247,743        925,050   

0.395%, 04/25/36 (d)

    216,089        146,938   

0.415%, 11/25/35 (d)

    1,239,589        1,135,794   

MASTR Adjustable Rate Mortgages Trust
0.395%, 05/25/37 (d)

    296,320        201,457   

2.021%, 09/25/33 (d)

    206,510        206,332   

Merrill Lynch Mortgage Investors Trust
2.519%, 07/25/35 (d)

    1,250,041        1,042,394   

Morgan Stanley Mortgage Loan Trust
2.588%, 05/25/36 (d)

    629,780        461,640   

Residential Accredit Loans, Inc. Trust
0.375%, 02/25/46 (d)

    544,705        262,139   

0.915%, 09/25/46 (d)

    804,547        545,650   

1.410%, 11/25/37 (d)

    230,930        149,811   

RFMSI Trust
3.054%, 04/25/37 (d)

    159,925        140,144   

Structured Adjustable Rate Mortgage Loan Trust
0.455%, 09/25/34 (d)

    125,977        112,780   

WaMu Mortgage Pass-Through Certificates Trust
0.935%, 12/25/46 (d)

    164,393        136,396   

1.095%, 07/25/46 (d)

    142,556        122,620   

Wells Fargo Alternative Loan Trust
2.596%, 12/28/37 (d)

    45,647        37,519   

Wells Fargo Mortgage Backed Securities Trust
2.491%, 10/25/36 (d)

    934,909        875,053   

2.609%, 10/25/35 (d)

    1,541,000        1,449,035   
   

 

 

 
      31,394,387   
   

 

 

 

Commercial Mortgage-Backed Securities—5.3%

  

Banc of America Merrill Lynch Commercial Mortgage, Inc.
5.347%, 11/10/42 (d)

    1,221,292        1,220,801   

BB-UBS Trust
3.430%, 11/05/36 (144A)

    2,520,000        2,485,786   

Bear Stearns Commercial Mortgage Securities Trust
4.871%, 09/11/42

    146,836        150,590   

5.288%, 10/12/42 (d)

    840,000        861,949   

5.405%, 12/11/40 (d)

    1,199,649        1,241,493   

5.449%, 12/11/40 (d)

    170,000        177,171   

5.537%, 10/12/41

    649,506        695,667   

5.694%, 06/11/50 (d)

    430,170        470,190   

 

MSF-225


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Bear Stearns Commercial Mortgage Securities, Inc.
5.331%, 02/11/44

    224,032      $ 238,785   

CD Mortgage Trust
5.480%, 01/15/46 (d)

    760,000        791,561   

6.316%, 11/15/44 (d)

    80,000        88,603   

Citigroup / Deutsche Bank Commercial Mortgage Trust
5.322%, 12/11/49

    1,645,000        1,757,324   

Citigroup Commercial Mortgage Trust
3.855%, 05/10/47

    650,000        671,497   

4.023%, 03/10/47

    655,000        686,123   

4.131%, 11/10/46

    1,275,000        1,348,198   

6.339%, 12/10/49 (d)

    765,000        842,947   

COBALT CMBS Commercial Mortgage Trust
5.223%, 08/15/48

    425,408        452,252   

Commercial Mortgage Pass-Through Certificates
3.213%, 03/10/46

    660,000        658,487   

3.424%, 03/10/31 (144A)

    1,065,000        1,075,602   

3.694%, 08/10/47

    365,000        371,859   

3.961%, 03/10/47

    700,000        730,883   

4.378%, 07/10/45 (d)

    1,280,134        1,376,558   

4.402%, 07/10/45 (144A) (d)

    255,000        210,628   

4.496%, 03/10/46 (144A) (d)

    315,000        206,743   

6.241%, 12/10/49 (d)

    1,708,489        1,849,649   

Credit Suisse First Boston Mortgage Securities Corp.
4.771%, 07/15/37

    420,000        427,385   

FREMF Mortgage Trust
5.405%, 09/25/43 (144A) (d)

    855,000        938,447   

GMAC Commercial Mortgage Securities, Inc.
5.238%, 11/10/45 (d)

    402,862        415,750   

Greenwich Capital Commercial Mortgage Trust
5.736%, 12/10/49

    1,655,000        1,812,664   

GS Mortgage Securities Corp. II
2.954%, 11/05/34 (144A)

    1,565,000        1,534,738   

GS Mortgage Securities Corp. Trust
3.633%, 06/05/31 (144A)

    130,000        133,949   

GS Mortgage Securities Trust
0.366%, 07/10/46 (d) (e)

    8,577,266        104,102   

1.865%, 08/10/44 (144A) (d) (e)

    1,675,004        104,102   

3.674%, 04/10/47 (144A)

    235,000        157,505   

3.680%, 04/10/47

    635,000        658,150   

3.862%, 06/10/47

    1,035,000        1,069,405   

3.998%, 04/10/47

    520,000        543,540   

4.243%, 08/10/46

    520,000        556,249   

5.029%, 04/10/47 (144A) (d)

    585,000        541,956   

Hilton USA Trust
2.662%, 11/05/30 (144A)

    1,370,000        1,374,746   

2.906%, 11/05/30 (144A) (d)

    255,000        255,160   

JP Morgan Chase Commercial Mortgage Securities Corp.
2.840%, 12/15/47

    565,000        549,870   

4.573%, 12/15/47 (144A) (d)

    245,000        207,643   

Commercial Mortgage-Backed Securities—(Continued)

  

JP Morgan Chase Commercial Mortgage Securities Trust
0.890%, 09/15/47 (d) (e)

    4,840,000      261,679   

1.654%, 02/12/51 (d)

    1,007,125        969,595   

2.753%, 10/15/45 (144A) (d)

    265,147        199,646   

3.775%, 08/15/47

    1,350,000        1,386,087   

3.805%, 07/15/47

    520,000        535,471   

3.905%, 05/05/30 (144A)

    1,255,000        1,286,719   

3.997%, 04/15/47

    650,000        679,973   

4.199%, 01/15/47

    1,280,000        1,361,293   

5.336%, 05/15/47

    1,479,986        1,585,722   

5.399%, 05/15/45

    627,786        667,931   

5.420%, 01/12/43 (d)

    685,000        708,668   

5.616%, 12/12/44 (d)

    650,000        682,401   

5.716%, 02/15/51

    510,017        554,218   

5.892%, 02/12/49 (d)

    1,325,000        1,440,339   

6.058%, 04/15/45 (d)

    735,000        779,593   

6.068%, 02/12/51

    522,387        565,684   

LB-UBS Commercial Mortgage Trust
5.858%, 07/15/40 (d)

    1,886,475        1,998,837   

5.866%, 09/15/45 (d)

    429,109        474,807   

6.320%, 04/15/41 (d)

    460,000        514,683   

Merrill Lynch Mortgage Trust
5.137%, 07/12/38 (d)

    260,058        268,395   

Merrill Lynch/Countrywide Commercial Mortgage Trust
5.700%, 09/12/49

    1,630,000        1,786,555   

ML-CFC Commercial Mortgage Trust
5.378%, 08/12/48

    795,512        850,449   

5.419%, 08/12/48

    340,000        357,863   

Morgan Stanley Bank of America Merrill Lynch Trust
3.134%, 12/15/48

    155,000        153,474   

3.741%, 08/15/47

    320,000        327,459   

4.064%, 02/15/47

    1,295,000        1,361,238   

4.500%, 08/15/45 (144A)

    250,000        190,433   

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

    1,055,000        1,066,334   

5.380%, 11/14/42 (d)

    308,333        315,890   

5.548%, 10/12/52 (144A) (d)

    135,000        137,121   

5.692%, 04/15/49 (d)

    2,185,000        2,373,408   

5.809%, 12/12/49

    653,255        713,827   

5.829%, 10/15/42 (d)

    142,224        148,332   

Morgan Stanley Re-REMIC Trust
1.000%, 03/27/51 (144A)

    380,000        375,212   

5.991%, 08/12/45 (144A) (d)

    208,816        227,098   

5.991%, 08/15/45 (144A) (d)

    691,457        751,997   

UBS-Barclays Commercial Mortgage Trust
3.185%, 03/10/46

    1,210,000        1,202,430   

4.229%, 03/10/46 (144A) (d)

    155,000        128,582   

VNO Mortgage Trust
2.996%, 11/15/30 (144A)

    1,475,000        1,450,263   

Wachovia Bank Commercial Mortgage Trust
4.935%, 04/15/42

    700,000        704,276   

5.548%, 03/15/42 (144A) (d)

    325,000        325,060   

 

MSF-226


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Wells Fargo Commercial Mortgage Trust
2.918%, 10/15/45

    105,000      $ 103,501   

3.817%, 08/15/50

    1,045,000        1,073,638   

WFRBS Commercial Mortgage Trust
2.917%, 08/15/47

    375,233        383,541   

3.678%, 08/15/47

    780,000        794,330   

3.995%, 05/15/47

    1,255,000        1,312,021   

4.045%, 03/15/47

    1,260,000        1,321,436   

4.101%, 03/15/47

    510,000        537,771   

4.902%, 06/15/44 (144A) (d)

    650,000        724,135   

5.000%, 06/15/44 (144A) (d)

    105,000        96,931   

5.000%, 04/15/45 (144A) (d)

    130,000        99,288   
   

 

 

 
      70,362,341   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $100,903,016)

      101,756,728   
   

 

 

 
Asset-Backed Securities—5.9%   

Asset-Backed - Automobile—1.6%

  

American Credit Acceptance Receivables Trust
1.140%, 03/12/18 (144A)

    354,353        354,742   

AmeriCredit Automobile Receivables Trust
1.310%, 11/08/17

    550,000        552,239   

1.520%, 01/08/19

    185,000        184,138   

1.660%, 09/10/18

    1,150,000        1,155,779   

1.690%, 11/08/18

    325,000        326,656   

1.930%, 08/08/18

    415,000        418,103   

2.290%, 11/08/19

    100,000        100,141   

2.420%, 05/08/18

    1,006,000        1,023,255   

2.640%, 10/10/17

    430,000        438,013   

2.720%, 09/09/19

    100,000        101,850   

3.310%, 10/08/19

    245,000        250,162   

3.440%, 10/08/17

    565,000        577,258   

Credit Acceptance Auto Loan Trust
1.210%, 10/15/20 (144A)

    340,000        340,493   

1.500%, 04/15/21 (144A)

    330,000        331,499   

1.550%, 10/15/21 (144A)

    690,000        692,710   

1.880%, 03/15/22 (144A)

    1,280,000        1,279,808   

DT Auto Owner Trust
4.940%, 07/16/18 (144A)

    463,182        470,873   

First Investors Auto Owner Trust
1.490%, 01/15/20 (144A)

    395,000        395,481   

1.810%, 10/15/18 (144A)

    195,000        196,204   

Flagship Credit Auto Trust
1.210%, 04/15/19 (144A)

    375,182        374,748   

GM Financial Leasing Trust
1.960%, 03/20/18 (144A)

    200,000        199,990   

Prestige Auto Receivables Trust
1.090%, 02/15/18 (144A)

    267,740        268,214   

1.330%, 05/15/19 (144A)

    330,000        330,428   

Santander Drive Auto Receivables Trust
1.590%, 10/15/18

    1,245,000        1,247,482   

1.780%, 11/15/18 (144A)

    2,360,000        2,376,843   

1.820%, 05/15/19

    305,000        304,829   

Asset-Backed - Automobile—(Continued)

  

Santander Drive Auto Receivables Trust
1.890%, 10/15/19 (144A)

    775,000      784,439   

1.940%, 03/15/18

    535,000        539,083   

2.160%, 01/15/20

    610,000        619,168   

2.250%, 06/17/19

    665,000        668,195   

2.360%, 04/15/20

    650,000        653,468   

2.700%, 08/15/18

    350,000        357,499   

2.940%, 12/15/17

    520,000        530,549   

3.120%, 10/15/19 (144A)

    300,000        307,272   

3.250%, 01/15/20

    510,000        527,643   

3.780%, 11/15/17

    445,000        453,273   

3.780%, 10/15/19 (144A)

    195,000        203,358   

4.670%, 01/15/20 (144A)

    1,085,000        1,131,536   
   

 

 

 
      21,067,421   
   

 

 

 

Asset-Backed - Home Equity—0.2%

  

GSAA Home Equity Trust
0.225%, 12/25/46 (d)

    444,975        249,036   

0.385%, 04/25/47 (d)

    322,051        208,677   

0.395%, 11/25/36 (d)

    416,095        253,453   

0.455%, 03/25/36 (d)

    1,943,295        1,409,829   

5.985%, 06/25/36 (d)

    734,831        433,072   

Morgan Stanley ABS Capital I, Inc. Trust
0.305%, 06/25/36 (d)

    1,416,616        1,075,973   
   

 

 

 
      3,630,040   
   

 

 

 

Asset-Backed - Other—4.1%

  

AMMC CDO
1.798%, 07/27/26 (144A) (d)

    1,340,000        1,339,015   

Apidos CDO
1.684%, 01/19/25 (144A) (d)

    895,000        892,969   

1.710%, 04/17/26 (144A) (d)

    1,595,000        1,593,875   

ARES CLO, Ltd.
1.018%, 04/20/23 (144A) (d)

    1,340,000        1,333,473   

1.763%, 04/17/26 (144A) (d)

    1,475,000        1,474,425   

Atlas Senior Loan Fund V, Ltd.
1.809%, 07/16/26 (144A) (d)

    615,000        615,516   

Atlas Senior Loan Fund, Ltd.
1.796%, 10/15/26 (144A) (d)

    1,190,000        1,189,405   

Atrium VII
1.988%, 11/16/22 (144A) (d)

    550,000        549,997   

Avalon IV Capital, Ltd.
2.083%, 04/17/23 (144A) (d)

    585,000        579,164   

Avery Point CLO, Ltd.
1.754%, 04/25/26 (144A) (d)

    1,460,000        1,458,758   

Babson CLO, Ltd.
1.720%, 07/20/25 (144A) (d)

    340,000        340,112   

Battalion CLO, Ltd.
1.632%, 10/22/25 (144A) (d)

    615,000        612,653   

Benefit Street Partners CLO II, Ltd.
1.434%, 07/15/24 (144A) (d)

    320,000        315,403   

Carlyle Global Market Strategies CLO, Ltd.
1.624%, 01/20/25 (144A) (d)

    1,935,000        1,929,363   

Cavalary CLO II
2.233%, 01/17/24 (144A) (d)

    990,000        965,640   

 

MSF-227


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

Cent CLO 21, Ltd.
1.721%, 07/27/26 (144A) (d)

    940,000      $ 939,998   

CIFC Funding, Ltd.
1.725%, 05/24/26 (144A) (d)

    1,330,000        1,328,717   

1.734%, 04/18/25 (144A) (d)

    1,585,000        1,579,335   

2.336%, 08/14/24 (144A) (d)

    985,000        985,000   

Dryden Senior Loan Fund
1.703%, 07/15/26 (144A) (d)

    1,605,000        1,601,008   

Finance America Mortgage Loan Trust
1.205%, 09/25/33 (d)

    131,958        124,523   

Flatiron CLO, Ltd.
2.136%, 07/17/26 (144A) (d)

    330,000        325,564   

Ford Credit Floorplan Master Owner Trust
1.400%, 02/15/19

    230,000        229,028   

2.860%, 01/15/19

    139,000        143,181   

3.500%, 01/15/19

    265,000        276,090   

Fremont Home Loan Trust
1.205%, 12/25/33 (d)

    119,353        113,399   

GMACM Home Equity Loan Trust
0.395%, 10/25/34 (144A) (d)

    198,402        184,715   

Gramercy Park CLO, Ltd.
1.533%, 07/17/23 (144A) (d)

    1,345,000        1,342,689   

GT Loan Financing I, Ltd.
1.505%, 10/28/24 (144A) (d)

    680,000        674,147   

HLSS Servicer Advance Receivables Backed Notes
1.495%, 05/16/44 (144A)

    140,000        140,070   

1.793%, 05/15/46 (144A)

    2,210,000        2,188,342   

1.979%, 08/15/46 (144A)

    385,000        386,732   

HLSS Servicer Advance Receivables Trust
1.990%, 10/15/45 (144A)

    440,000        443,036   

ING Investment Management Co.
1.434%, 03/14/22 (144A) (d)

    1,500,000        1,496,799   

1.764%, 10/15/22 (144A) (d)

    435,000        435,006   

2.084%, 03/14/22 (144A) (d)

    500,000        495,013   

KKR Financial CLO, Ltd.
1.384%, 07/15/25 (144A) (d)

    565,000        554,377   

Knollwood CDO, Ltd.
3.433%, 01/10/39 (144A) (d)

    553,111        6   

Lehman XS Trust
0.415%, 11/25/35 (d)

    300,645        215,980   

Limerock CLO
1.734%, 04/18/26 (144A) (d)

    1,590,000        1,589,994   

Madison Park Funding, Ltd.
1.682%, 07/20/26 (144A) (d)

    1,485,000        1,483,876   

Magnetite CLO, Ltd.
1.700%, 07/25/26 (144A) (d)

    1,255,000        1,253,641   

2.230%, 07/25/26 (144A) (d)

    1,010,000        1,005,978   

Magnetite VIII, Ltd.
1.708%, 04/15/26 (144A) (d)

    970,000        970,834   

Neuberger Berman CLO, Ltd.
1.701%, 08/04/25 (144A) (d)

    1,230,000        1,229,319   

1.704%, 04/15/26 (144A) (d)

    1,170,000        1,167,616   

Newcastle Mortgage Securities Trust
0.385%, 04/25/37 (d)

    1,550,000        978,495   

Asset-Backed - Other—(Continued)

  

Oak Hill Credit Partners X, Ltd.
1.724%, 07/20/26 (144A) (d)

    455,000      454,568   

Octagon Investment Partners XVI, Ltd.
1.353%, 07/17/25 (144A) (d)

    720,000        710,114   

OHA Loan Funding, Ltd.
1.505%, 08/23/24 (144A) (d)

    695,000        689,792   

OZLM Funding IV, Ltd.
1.382%, 07/22/25 (144A) (d)

    1,205,000        1,187,511   

Securitized Asset Backed Receivables LLC Trust
0.245%, 07/25/36 (d)

    620,711        302,938   

Seneca Park CLO, Ltd.
1.704%, 07/17/26 (144A) (d)

    1,095,000        1,095,404   

Shackleton CLO, Ltd.
1.722%, 07/17/26 (144A) (d)

    1,105,000        1,074,073   

Sound Point CLO, Ltd.
1.604%, 01/21/26 (144A) (d)

    260,000        257,855   

SpringCastle America Funding LLC
2.700%, 05/25/23 (144A)

    1,380,000        1,383,450   

Springleaf Funding Trust
2.410%, 12/15/22 (144A)

    1,140,000        1,137,807   

Symphony CLO, Ltd.
1.710%, 07/14/26 (144A) (d)

    1,295,000        1,294,772   

1.985%, 01/09/23 (144A) (d)

    1,280,000        1,275,008   

Vibrant CLO, Ltd.
1.713%, 07/17/24 (144A) (d)

    1,920,000        1,915,571   

2.633%, 07/17/24 (144A) (d)

    500,000        499,927   
   

 

 

 
      54,351,066   
   

 

 

 

Total Asset-Backed Securities
(Cost $79,353,027)

      79,048,527   
   

 

 

 
Floating Rate Loans (d)—2.5%   

Aerospace/Defense—0.0%

  

Transdigm, Inc.
Term Loan D, 3.750%, 06/04/21

    114,713        113,094   
   

 

 

 

Agriculture—0.0%

  

American Rock Salt Holdings LLC
1st Lien Term Loan, 4.750%, 05/20/21

    289,275        286,834   
   

 

 

 

Auto Components—0.1%

  

Roundy’s Supermarkets, Inc.
Term Loan B, 5.750%, 03/03/21

    154,225        146,610   

Sedgwick, Inc.
1st Lien Term Loan, 3.750%, 03/01/21

    1,507,425        1,463,616   

2nd Lien Term Loan, 6.750%, 02/28/22

    205,000        201,498   
   

 

 

 
      1,811,724   
   

 

 

 

Auto Manufacturers—0.1%

  

Chrysler Group LLC
Term Loan B, 3.250%, 12/31/18

    885,550        873,374   
   

 

 

 

 

MSF-228


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Floating Rate Loans (d)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Chemicals—0.2%

  

Arysta LifeScience SPC LLC
1st Lien Term Loan, 4.500%, 05/29/20

    357,286      $ 356,914   

Ferro Corp.
Term Loan B, 4.000%, 07/31/21

    115,000        113,994   

Ineos U.S. Finance LLC
Term Loan, 3.750%, 05/04/18

    1,568,131        1,539,096   

Minerals Technologies, Inc.
Term Loan B, 4.000%, 05/09/21

    176,088        175,841   

Momentive Performance Materials USA, Inc.
Term Loan B, 4.000%, 04/15/15

    170,000        170,210   

Nexeo Solutions LLC
Term Loan B3, 5.000%, 09/08/17

    769,188        762,457   
   

 

 

 
      3,118,512   
   

 

 

 

Coal—0.0%

  

Arch Coal, Inc.
Term Loan B, 6.250%, 05/16/18

    322,531        295,680   
   

 

 

 

Commercial Services—0.0%

  

Acosta Holdco, Inc.
Term Loan, 0.000%, 09/26/21 (h)

    185,000        185,460   

Interactive Data Corp.
Term Loan, 4.750%, 05/02/21

    139,650        139,039   

Moneygram International, Inc.
Term Loan B, 4.250%, 03/27/20

    218,889        215,401   
   

 

 

 
      539,900   
   

 

 

 

Containers & Packaging—0.0%

  

BWAY Holding Co., Inc.
Term Loan B, 5.500%, 08/14/20

    169,575        169,999   
   

 

 

 

Diversified Financial Services—0.1%

  

Delos Finance S.a.r.l.
Term Loan B, 3.500%, 03/06/21

    335,000        331,912   

TransUnion LLC
Term Loan, 4.000%, 04/09/21

    437,159        431,330   
   

 

 

 
      763,242   
   

 

 

 

Electric—0.1%

  

Calpine Construction Finance Co. L.P.
Term Loan B2, 3.250%, 01/31/22

    1,612,787        1,570,855   

Energy Future Intermediate Holding Co. LLC
Term Loan, 4.250%, 06/19/16

    100,000        99,687   

Texas Competitive Electric Holdings Co. LLC
Term Loan, 3.750%, 05/05/16

    141,089        141,354   
   

 

 

 
      1,811,896   
   

 

 

 

Energy Equipment & Services—0.1%

  

Chief Exploration & Development LLC
2nd Lien Term Loan, 7.500%, 05/12/21

    105,000        105,427   

Seadrill Partners Finco LLC
Term Loan B, 4.000%, 02/21/21

    684,825        652,540   
   

 

 

 
      757,967   
   

 

 

 

Entertainment—0.1%

  

Delta 2 (LUX) S.a.r.l.
2nd Lien Term Loan, 7.750%, 07/31/22

    165,000      164,691   

Term Loan B3, 4.750%, 07/30/21

    500,000        493,750   

SGMS Escrow Corp.
Incremental Term Loan B2, 0.000%, 10/01/21 (h)

    160,000        156,900   
   

 

 

 
      815,341   
   

 

 

 

Food—0.1%

  

Albertson’s Holdings LLC
Term Loan B4, 4.500%, 08/25/21

    225,000        224,133   

Aramark Corp.
Term Loan F, 3.250%, 02/24/21

    493,520        485,066   

JBS USA Holdings, Inc.
Incremental Term Loan, 3.750%, 09/18/20

    577,404        571,630   
   

 

 

 
      1,280,829   
   

 

 

 

Healthcare-Products—0.1%

  

Mallinckrodt International Finance S.A.
Term Loan B, 3.500%, 03/19/21

    776,100        765,550   
   

 

 

 

Healthcare-Services—0.2%

  

24 Hour Fitness Worldwide, Inc.
Term Loan B, 4.750%, 05/28/21

    159,600        159,400   

DaVita HealthCare Partners, Inc.
Term Loan B, 3.500%, 06/24/21

    174,563        172,885   

IMS Health, Inc.
Term Loan, 3.500%, 03/17/21

    955,200        936,892   

Medpace Holdings, Inc.
1st Lien Term Loan, 4.750%, 04/01/21

    276,321        276,321   

MPH Acquisition Holdings LLC
Term Loan, 4.000%, 03/31/21

    240,909        235,669   

Ortho-Clinical Diagnostics, Inc.
Term Loan B, 4.750%, 06/30/21

    239,400        237,118   

U.S. Renal Care, Inc.
Term Loan, 4.250%, 07/03/19

    377,143        373,018   
   

 

 

 
      2,391,303   
   

 

 

 

Home Furnishings—0.0%

   

Tempur-Pedic International, Inc.
Term Loan B, 3.500%, 03/18/20

    241,693        239,276   
   

 

 

 

Hotels, Restaurants & Leisure—0.0%

   

1011778 B.C. Unlimited Liability Co.
Term Loan B, 0.000%, 09/24/21 (h)

    160,000        158,978   

Aristocrat Leisure, Ltd.
Term Loan B, 0.000%, 09/29/21 (h)

    225,000        222,750   
   

 

 

 
      381,728   
   

 

 

 

Household Products—0.1%

   

Revlon Consumer Products Corp.
Term Loan B, 3.250%, 11/20/17

    950,000        939,461   
   

 

 

 

 

MSF-229


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Floating Rate Loans (d)—(Continued)

 

Security Description   Principal
Amount*
    Value  

Insurance—0.1%

   

Asurion LLC
2nd Lien Term Loan, 8.500%, 03/03/21

    285,000      $ 289,275   

Term Loan B1, 5.000%, 05/24/19

    228,228        227,396   

Term Loan B2, 4.250%, 07/08/20

    297,739        293,428   

Hub International, Ltd.
Term Loan B, 4.250%, 10/02/20

    597,000        585,993   
   

 

 

 
      1,396,092   
   

 

 

 

Internet & Catalog Retail—0.0%

   

Lands’ End, Inc.
Term Loan B, 4.250%, 04/02/21

    233,825        231,681   
   

 

 

 

Internet Software & Services—0.0%

   

Dealertrack Technologies, Inc.
Term Loan B, 3.500%, 02/28/21

    537,610        532,395   
   

 

 

 

Leisure Products—0.0%

   

Bauer Performance Sports, Ltd.
Term Loan B, 4.000%, 04/15/21

    124,840        123,227   
   

 

 

 

Lodging—0.1%

  

La Quinta Intermediate Holdings LLC
Term Loan B, 4.000%, 04/14/21

    582,041        575,202   

Station Casinos LLC
Term Loan B, 4.250%, 03/02/20

    312,333        307,883   
   

 

 

 
      883,085   
   

 

 

 

Machinery—0.0%

  

Gates Global, Inc.
Term Loan B, 4.250%, 07/05/21

    290,000        285,546   
   

 

 

 

Machinery-Diversified—0.1%

  

Alliance Laundry Systems LLC
Term Loan, 4.250%, 12/10/18

    151,821        150,492   

Gardner Denver, Inc.
Term Loan, 4.250%, 07/30/20

    570,677        560,298   

Interline Brands, Inc.
Term Loan, 4.000%, 03/17/21

    771,125        761,486   

PRA Holdings, Inc.
1st Lien Term Loan, 4.500%, 09/23/20

    322,556        320,389   
   

 

 

 
      1,792,665   
   

 

 

 

Media—0.0%

  

Advantage Sales & Marketing, Inc.
1st Lien Term Loan, 4.250%, 07/23/21

    140,000        137,769   

Charter Communications Operating LLC
Term Loan G, 4.250%, 09/12/21

    180,000        179,678   

Numericable U.S. LLC
Term Loan B1, 4.500%, 05/21/20

    93,827        93,182   

Term Loan B2, 4.500%, 05/21/20

    81,173        80,615   
   

 

 

 
      491,244   
   

 

 

 

Oil & Gas—0.1%

  

Fieldwood Energy LLC
1st Lien Term Loan, 3.875%, 09/28/18

    506,168      501,211   

Paragon Offshore Finance Co.
Term Loan B, 3.750%, 07/18/21

    100,000        95,250   

Templar Energy LLC
2nd Lien Term Loan, 8.500%, 11/25/20

    100,000        97,250   
   

 

 

 
      693,711   
   

 

 

 

Packaging & Containers—0.1%

  

Berry Plastics Holding Corp.
Term Loan D, 3.500%, 02/08/20

    297,733        290,792   

Caesars Growth Properties Holdings LLC
Term Loan, 6.250%, 05/08/21

    214,463        203,793   

Signode Industrial Group U.S., Inc.
Term Loan B, 4.000%, 05/01/21

    326,148        323,091   
   

 

 

 
      817,676   
   

 

 

 

Pharmaceuticals—0.1%

  

Grifols Worldwide Operations USA, Inc.
Term Loan B, 3.154%, 02/27/21

    646,750        636,330   
   

 

 

 

Pipelines—0.0%

  

Energy Transfer Equity L.P.
Term Loan, 3.250%, 12/02/19

    325,000        317,958   
   

 

 

 

Retail—0.2%

  

J Crew Group, Inc.
Term Loan B, 4.000%, 03/05/21

    897,750        854,266   

Michaels Stores, Inc.
Incremental Term Loan B2, 4.000%, 01/28/20

    125,000        123,656   

Neiman Marcus Group, Inc. (The)
Term Loan, 4.250%, 10/25/20

    641,775        631,747   

Party City Holdings, Inc.
Term Loan, 4.000%, 07/27/19

    625,275        615,766   

Rite Aid Corp.
Term Loan 7, 3.500%, 02/21/20

    746,250        737,699   
   

 

 

 
      2,963,134   
   

 

 

 

Semiconductors—0.1%

  

Avago Technologies Cayman, Ltd.
Term Loan B, 3.750%, 05/06/21

    219,450        217,745   

Entegris, Inc.
Term Loan B, 3.500%, 04/30/21

    462,145        456,753   

Freescale Semiconductor, Inc.
Term Loan B4, 4.250%, 02/28/20

    347,375        342,526   
   

 

 

 
      1,017,024   
   

 

 

 

Software—0.1%

  

Infor U.S., Inc.
Term Loan B5, 3.750%, 06/03/20

    340,669        333,387   

Kronos, Inc.
2nd Lien Term Loan, 9.750%, 04/30/20

    155,000        160,038   

Incremental Term Loan, 4.500%, 10/30/19

    409,589        407,851   
   

 

 

 
      901,276   
   

 

 

 

 

MSF-230


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Floating Rate Loans (d)—(Continued)

 

Security Description  

Principal
Amount*

    Value  

Telecommunications—0.2%

  

West Corp.
Term Loan B10, 3.250%, 06/30/18

    263,650      $ 258,541   

XO Communications LLC
Term Loan, 4.250%, 03/17/21

    373,125        368,811   

Ziggo B.V.
Term Loan B1A, 3.250%, 01/15/22

    536,191        521,925   

Term Loan B2A, 3.237%, 01/15/22 (i)

    345,532        336,338   

Term Loan B3, 2.750%,
01/15/22 (i)

    568,277        553,157   
   

 

 

 
      2,038,772   
   

 

 

 

Trading Companies & Distributors—0.0%

  

Neff Rental LLC
2nd Lien Term Loan, 7.250%, 06/09/21

    125,000        125,078   
   

 

 

 

Total Floating Rate Loans
(Cost $33,022,476)

      32,602,604   
   

 

 

 
Foreign Government—0.9%   

Sovereign—0.9%

  

Brazil Letras Financeiras do Tesouro
Zero Coupon, 09/01/20 (BRL) (d)

    586,000        1,523,031   

Brazilian Government International Bond
5.000%, 01/27/45

    300,000        282,000   

Costa Rica Government International Bond
5.625%, 04/30/43

    1,200,000        1,026,000   

Dominican Republic International Bond
11.500%, 05/10/24 (144A) (DOP)

    40,000,000        963,699   

France Government Bond OAT
0.250%, 07/25/24 (EUR)

    409,864        539,856   

Indonesia Treasury Bonds
8.375%, 03/15/24 (IDR)

    9,000,000,000        733,073   

Italy Buoni Poliennali Del Tesoro
2.350%, 09/15/24 (144A) (EUR)

    415,486        583,509   

Mexico Government International Bonds
4.000%, 10/02/23

    324,000        334,854   

4.750%, 03/08/44

    1,400,000        1,389,500   

5.550%, 01/21/45

    543,000        603,273   

6.750%, 09/27/34

    75,000        95,250   

Russian Federal Bond - OFZ
7.500%, 02/27/19 (RUB)

    30,675,000        726,978   

South Africa Government Bond
7.750%, 02/28/23 (ZAR)

    11,525,000        997,773   

Spain Government Inflation Linked Bond
1.800%, 11/30/24 (144A) (EUR)

    404,016        559,093   

Turkey Government International Bond
4.350%, 11/12/21 (EUR)

    375,000        508,220   

Uruguay Government International Bond
4.250%, 04/05/27 (UYU)

    23,060,911        1,023,741   
   

 

 

 

Total Foreign Government
(Cost $12,120,998)

      11,889,850   
   

 

 

 
Municipals—0.4%   
Security Description   Notional/
Principal
Amount*
    Value  

Puerto Rico Commonwealth Government Employees Retirement System
6.150%, 07/01/38

    825,000      470,275   

6.200%, 07/01/39

    825,000        470,324   

6.550%, 07/01/58

    315,000        180,183   

State of California General Obligation Unlimited, Build America Bonds
4.601%, 05/15/31

    1,775,000        1,918,242   

7.350%, 11/01/39

    1,525,000        2,141,588   

7.600%, 11/01/40

    350,000        517,542   
   

 

 

 

Total Municipals
(Cost $5,440,173)

      5,698,154   
   

 

 

 
Purchased Options—0.1%   

Call Options—0.1%

  

30 Year Interest Rate Swap, Exercise
Rate 3.76%, Expires 09/16/24
(Counterparty - JPMorgan Chase Bank N.A.) (j)

    2,700,000        328,120   

30 Year Interest Rate Swap, Exercise
Rate 3.94%, Expires 04/19/24
(Counterparty - Deutsche Bank AG) (j)

    2,700,000        368,224   

BRL Currency, Strike Price USD 2.41
Expires 09/28/15 (Counterparty - JPMorgan Chase Bank N.A.) (BRL) (j)

    330,000        1,874   

RUB Currency, Strike Price USD 36.97 Expires
09/02/15 (Counterparty - JPMorgan Chase Bank N.A.) (RUB) (j)

    50,000,000        6,489   
   

 

 

 
      704,707   
   

 

 

 

Put Options—0.0%

  

10 Year Interest Rate Swap, Exercise
Rate 3.50%, Expires 05/29/15
(Counterparty - JPMorgan Chase Bank N.A.) (j)

    7,575,000        32,341   

30 Year Interest Rate Swap, Exercise
Rate 3.76%, Expires 09/16/24
(Counterparty - JPMorgan Chase Bank N.A.) (j)

    2,700,000        262,917   

30 Year Interest Rate Swap, Exercise
Rate 3.94%, Expires 04/15/54
(Counterparty - Deutsche Bank AG) (j)

    2,700,000        234,186   

Italy Buoni Poliennali Del Tesoro 3.750%, 09/01/24, Strike Price EUR 106.60 Expires10/13/14 (Counterparty - JPMorgan Chase Bank N.A.) (EUR) (j)

    1,774,741        0   

Italy Buoni Poliennali Del Tesoro
3.750%, 09/01/24, Strike Price EUR 107.48 Expires10/20/14 (Counterparty - BNP Paribas S.A.) (EUR) (j)

    7,059,104        63   
   

 

 

 
      529,507   
   

 

 

 

Total Purchased Options
(Cost $1,497,101)

      1,234,214   
   

 

 

 

 

MSF-231


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Short-Term Investments—10.4%

 

Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—6.1%

   

State Street Navigator Securities Lending MET Portfolio (k)

    80,791,119      $ 80,791,119   
   

 

 

 

Repurchase Agreement—4.3%

  

Fixed Income Clearing Corp. Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $57,417,011 on 10/01/14, collateralized by $58,495,000 U.S. Treasury Note at 0.250% due 08/15/15 with a value of $58,568,119.

    57,417,011        57,417,011   
   

 

 

 

Total Short-Term Investments
(Cost $138,208,130)

      138,208,130   
   

 

 

 

Total Investments—112.6%
(Cost $1,442,229,455)

      1,498,649,985   

Unfunded Loan Commitments—(0.0)%
(Cost $(570,508))

      (570,508

Net Investments—112.6%
(Cost $1,441,658,947) (l)

      1,498,079,477   

Other assets and liabilities (net)—(12.6)%

      (167,698,986
   

 

 

 
Net Assets—100.0%     $ 1,330,380,491   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $77,731,584 and the collateral received consisted of cash in the amount of $80,791,119 and non-cash collateral with a value of $86,230. 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 is held for the benefit of the Portfolio at the Portfolio’s custodian. The Portfolio cannot repledge or resell this collateral.
(c) TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(d) Variable or floating rate security. The stated rate represents the rate at September 30, 2014. Maturity date shown for callable securities reflects the earliest possible call date.
(e) Interest only security.
(f) All or a portion of the security was pledged as collateral against open swap contracts. As of September 30, 2014, the market value of securities pledged was $1,448,416.
(g) Non-income producing; Security is in default and/or issuer is in bankruptcy.
(h) This loan will settle after September 30, 2014, at which time the interest rate will be determined.
(i) Unfunded or partially unfunded loan commitments. The Portfolio may enter into certain credit agreements for which all or a portion may be unfunded. The Portfolio is obligated to fund these commitments at the borrower’s discretion.
(j) Illiquid security. As of September 30, 2014, these securities represent 0.1% of net assets.
(k) Represents investment of cash collateral received from securities lending transactions.
(l) As of September 30, 2014, the aggregate cost of investments was $1,441,658,947. The aggregate unrealized appreciation and depreciation of investments were $83,549,160 and $(27,128,630), respectively, resulting in net unrealized appreciation of $56,420,530.
(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, 2014, the market value of 144A securities was $108,174,712, which is 8.1% of net assets.
(ACES)— Alternative Credit Enhancement Securities.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.
(ARM)— Adjustable-Rate Mortgage
(BRL)— Brazilian Real
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(INR)— Indian Rupee
(REIT)— A Real Estate Investment Trust is a pooled investment vehicle that invests primarily in income-producing real estate or real estate related loans or interest.
(REMIC)— Real Estate Mortgage Investment Conduit
(RUB)— Russian Ruble
(UYU)— Uruguayan Peso
(ZAR)— South African Rand

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
JPY     33,760,000      

JPMorgan Chase Bank N.A.

       12/17/14         $ 316,791         $ (8,761
RSD     49,000,000      

Citibank N.A.

       09/18/15           493,802           (2,261

Contracts to Deliver

                                 
EUR     5,405,000      

JPMorgan Chase Bank N.A.

       10/31/14         $ 6,917,076         $ 89,015   
EUR     246,000      

Barclays Bank plc

       12/17/14           310,865           (14
EUR     173,000      

Credit Suisse International

       12/17/14           219,575           949   

 

MSF-232


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

     Settlement
Date
       In Exchange
for
       Unrealized
Appreciation/
(Depreciation)
 
EUR     1,336,000      

Deutsche Bank AG

       12/17/14         $ 1,729,839         $ 41,488   
EUR     415,000      

Citibank N.A.

       09/18/15           536,782           10,481   
GBP     1,037,000      

Citibank N.A.

       10/31/14           1,697,113           16,403   
JPY     33,760,000      

Goldman Sachs International

       12/17/14           308,541           510   
                   

 

 

 

Net Unrealized Appreciation

  

     $ 147,810   
                   

 

 

 

TBA Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     2.500     TBA         (900,000   $ (907,945   $ (905,689

Fannie Mae 15 Yr. Pool

     3.000     TBA         (4,200,000     (4,329,281     (4,326,000

Fannie Mae 15 Yr. Pool

     4.500     TBA         (5,400,000     (5,694,047     (5,699,532

Fannie Mae 15 Yr. Pool

     3.500     TBA         (9,700,000     (10,204,703     (10,196,367

Fannie Mae 15 Yr. Pool

     2.500     TBA         (10,900,000     (10,961,484     (10,961,312

Freddie Mac 30 Yr. Gold Pool

     5.500     TBA         (1,300,000     (1,442,176     (1,444,219

Freddie Mac 30 Yr. Gold Pool

     5.000     TBA         (3,500,000     (3,847,813     (3,854,375

Freddie Mac 30 Yr. Gold Pool

     3.000     TBA         (9,300,000     (9,184,313     (9,181,574

Freddie Mac 30 Yr. Gold Pool

     4.000     TBA         (9,700,000     (10,221,938     (10,212,276

Ginnie Mae I 30 Yr. Pool

     4.500     TBA         (8,700,000     (9,412,094     (9,435,421

Ginnie Mae I 30 Yr. Pool

     4.000     TBA         (1,200,000     (1,270,312     (1,272,844

Ginnie Mae II 30 Yr. Pool

     3.500     TBA         (2,300,000     (2,363,699     (2,376,547

Ginnie Mae II 30 Yr. Pool

     4.500     TBA         (2,300,000     (2,487,953     (2,494,422
         

 

 

   

 

 

 

Totals

  

  $ (72,327,758   $ (72,360,578
         

 

 

   

 

 

 

Futures Contracts

 

Futures Contracts-Long

   Expiration
Date
     Number of
Contracts
    Notional Amount     Unrealized
Appreciation/
(Depreciation)
 

S&P 500 E-Mini Index Futures

     12/19/14         63        USD         6,199,324      $ (7,999

U.S. Treasury Long Bond Futures

     12/19/14         112        USD         15,504,172        (58,672

U.S. Treasury Note 2 Year Futures

     12/31/14         277        USD         60,617,985        1,734   

U.S. Treasury Note 5 Year Futures

     12/31/14         311        USD         36,723,470        54,710   

U.S. Treasury Ultra Long Bond Futures

     12/19/14         100        USD         15,057,852        192,148   

Futures Contracts-Short

                                

U.S. Treasury Note 10 Year Futures

     12/19/14         (212     USD         (26,349,207     (74,606
            

 

 

 

Net Unrealized Appreciation

  

  $ 107,315   
            

 

 

 

Swap Agreements

OTC Inflation Swap Agreements

 

Pay/Receive
Floating Rate

   Floating
Rate Index
   Fixed
Rate
    Maturity
Date
  

Counterparty

   Notional
Amount
     Market
Value
    Upfront
Premium
Paid/(Received)
     Unrealized
Depreciation
 

Receive

   CPI-U      2.125   04/15/19    Deutsche Bank AG      USD         15,000,000       $ (119,410   $       $ (119,410

Receive

   CPI-U      2.450   07/15/24    Barclays Bank plc      USD         11,000,000         (159,277             (159,277
                   

 

 

   

 

 

    

 

 

 

Totals

  

   $ (278,687   $       $ (278,687
                   

 

 

   

 

 

    

 

 

 

 

MSF-233


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Swap Agreements—(Continued)

 

Centrally Cleared Credit Default Swap Agreements—Buy Protection (a)

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
    

Implied Credit
Spread at
September 30,
2014(b)

   Notional
Amount(c)
     Unrealized
Appreciation
 

Markit CDX North America High Yield Index, Series 22

     (5.000%)         06/20/19       3.532%      USD         30,838,500       $ 491,128   

Markit CDX North America Investment Grade Index, Series 22

     (1.000%)         06/20/19       0.645%      USD         22,735,000         40,899   

Markit iTraxx Crossover Index, Series 21

     (5.000%)         06/20/19       2.570%      EUR         5,090,000         60,522   
                 

 

 

 

Totals

  

   $ 592,549   
                 

 

 

 

Centrally Cleared Credit Default Swap Agreements—Sell Protection (d)

 

Reference Obligation

   Fixed Deal
Receive Rate
     Maturity
Date
    

Implied Credit
Spread at
September 30,
2014(b)

   Notional
Amount(c)
     Unrealized
Depreciation
 

Markit iTraxx Europe Index, Series 21

     1.000%         06/20/19       0.629%      EUR         6,900,000         (17,824)   
                 

 

 

 

Totals

  

   $ (17,824)   
                 

 

 

 

OTC Credit Default Swaps on Corporate and Sovereign Issues—Sell Protection (d)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
(Received)
    Unrealized
Depreciation
 

Federative Republic of Brazil 12.250%, due 03/06/30

    1.000%        09/20/19      JPMorgan Chase Bank N.A.     1.691%        USD        1,360,000      $ (43,805)      $ (14,843)      $ (28,962)   
             

 

 

   

 

 

   

 

 

 

 

OTC Credit Default Swaps on Credit Indices—Buy Protection (a)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Markit ABX-HE AAA, Series 6, Version 1

    (0.180%     07/25/45      JPMorgan Chase Bank N.A.     N/A        USD        99,580      $ 2,489      $ 2,506      $ (17

Markit ABX-HE AAA, Series 6, Version 1

    (0.180%     07/25/45      JPMorgan Chase Bank N.A.     N/A        USD        30,904        773               773   

Markit ABX-HE AAA, Series 6, Version 2

    (0.110%     05/25/46      Bank of America N.A.     N/A        USD        675,786        137,860        143,184        (5,324

Markit ABX-HE AAA, Series 6, Version 2

    (0.110%     05/25/46      Barclays Bank plc     N/A        USD        752,889        153,589        150,866        2,723   

Markit ABX-HE AAA, Series 6, Version 2

    (0.110%     05/25/46      Credit Suisse International     N/A        USD        884,418        180,421        181,308        (887

Markit ABX-HE AAA, Series 6, Version 2

    (0.110%     05/25/46      Credit Suisse International     N/A        USD        9,071        1,850        1,816        34   

Markit ABX-HE AAA, Series 6, Version 2

    (0.110%     05/25/46      JPMorgan Chase Bank N.A.     N/A        USD        2,340,305        477,422        480,867        (3,445

Markit ABX-HE AAA, Series 6, Version 2

    (0.110%     05/25/46      JPMorgan Chase Bank N.A.     N/A        USD        349,232        71,243        74,337        (3,094

Markit ABX-HE AAA, Series 7, Version 1

    (0.090%     08/25/37      JPMorgan Chase Bank N.A.     N/A        USD        404,023        104,642        103,027        1,615   

Markit ABX-HE AAA, Series 7, Version 1

    (0.090%     08/25/37      JPMorgan Chase Bank N.A.     N/A        USD        191,379        49,567        48,802        765   

Markit ABX-HE PEN AAA, Series 6, Version 2

    (0.110%     05/25/46      JPMorgan Chase Bank N.A.     N/A        USD        526,939        73,771        73,855        (84

 

MSF-234


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Swap Agreements—(Continued)

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Markit CMBX North America A,
Series 7

    (2.250%     01/17/47      JPMorgan Chase Bank N.A.     N/A        USD        490,000      $ 469      $ (10,373   $ 10,842   

Markit CMBX North America AA,
Series 1

    (0.250%     10/12/52      Credit Suisse International     N/A        USD        650,000        99,606        105,081        (5,475

Markit CMBX North America AA,
Series 2

    (0.150%     03/15/49      Credit Suisse International     N/A        USD        1,662,331        541,696        497,280        44,416   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Bank of America N.A.     N/A        USD        160,000        1,121        (1,812     2,933   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Credit Suisse International     N/A        USD        405,000        2,836        (3,797     6,633   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Credit Suisse International     N/A        USD        400,000        2,801        1,649        1,152   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Credit Suisse International     N/A        USD        385,000        2,696        2,154        542   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Credit Suisse International     N/A        USD        385,000        2,696        1,853        843   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Credit Suisse International     N/A        USD        370,000        2,591        (3,280     5,871   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Credit Suisse International     N/A        USD        320,000        2,241        (3,623     5,864   

Markit CMBX North America AA,
Series 7

    (1.500%     01/17/47      Credit Suisse International     N/A        USD        20,000        140        (126     266   

Markit CMBX North America AAA,
Series 7

    (1.000%     01/17/47      Credit Suisse International     N/A        USD        485,000        8,841        11,679        (2,838

Markit CMBX North America AJ,
Series 1

    (0.840%     10/12/52      Credit Suisse International     N/A        USD        715,000        19,797        22,579        (2,782

Markit CMBX North America AJ,
Series 1

    (0.840%     10/12/52      Deutsche Bank AG     N/A        USD        15,000        415        339        76   

Markit CMBX North America AJ,
Series 2

    (1.090%     03/15/49      Credit Suisse International     N/A        USD        1,330,330        116,620        101,478        15,142   

Markit CMBX North America AJ,
Series 2

    (1.090%     03/15/49      Credit Suisse International     N/A        USD        555,959        48,737        41,698        7,039   

Markit CMBX North America AJ,
Series 2

    (1.090%     03/15/49      Credit Suisse International     N/A        USD        19,856        1,740        1,834        (94

Markit CMBX North America AJ,
Series 2

    (1.090%     03/15/49      Deutsche Bank AG     N/A        USD        253,160        22,193        19,311        2,882   

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Bank of America N.A.     N/A        USD        682,297        131,265        121,019        10,246   

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        747,039        143,721        152,136        (8,415

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        582,691        112,102        112,169        (67

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        463,165        89,107        87,435        1,672   

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        363,560        69,944        62,269        7,675   

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        249,013        47,907        44,673        3,234   

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        234,073        45,033        40,237        4,796   

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        104,586        20,121        20,266        (145

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Credit Suisse International     N/A        USD        29,882        5,749        5,828        (79

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Deutsche Bank AG     N/A        USD        348,619        67,070        60,582        6,488   

 

MSF-235


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Swap Agreements—(Continued)

 

Reference Obligation

  Fixed
Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied
Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      Deutsche Bank AG     N/A        USD        229,092      $ 44,075      $ 40,527      $ 3,548   

Markit CMBX North America AJ,
Series 4

    (0.960%     02/17/51      JPMorgan Chase
Bank N.A.
    N/A        USD        39,842        7,665        7,677        (12

Markit CMBX North America AM,
Series 2

    (0.500%     03/15/49      Credit Suisse International     N/A        USD        2,855,000        42,290        41,312        978   

Markit CMBX North America AM,
Series 2

    (0.500%     03/15/49      JPMorgan Chase
Bank N.A.
    N/A        USD        65,000        963        856        107   

Markit CMBX North America AM,
Series 4

    (0.500%     02/17/51      Credit Suisse International     N/A        USD        920,000        42,418        46,588        (4,170

Markit CMBX North America AM,
Series 4

    (0.500%     02/17/51      Credit Suisse International     N/A        USD        435,000        20,056        23,564        (3,508

Markit CMBX North America AM,
Series 4

    (0.500%     02/17/51      JPMorgan Chase
Bank N.A.
    N/A        USD        10,000        461        429        32   

Markit CMBX North America AS,
Series 6

    (1.000%     05/11/63      Credit Suisse International     N/A        USD        1,085,000        11,700        11,699        1   

Markit CMBX North America AS,
Series 6

    (1.000%     05/11/63      Credit Suisse International     N/A        USD        25,000        270        110        160   

Markit CMBX North America AS,
Series 7

    (1.000%     01/17/47      Credit Suisse International     N/A        USD        535,000        9,808        8,497        1,311   

Markit CMBX North America AS,
Series 7

    (1.000%     01/17/47      Credit Suisse International     N/A        USD        55,000        1,008        501        507   

Markit CMBX North America AS,
Series 7

    (1.000%     01/17/47      Credit Suisse International     N/A        USD        10,000        183        84        99   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 3,043,779      $ 2,932,950      $ 110,829   
             

 

 

   

 

 

   

 

 

 

OTC Credit Default Swaps on Credit Indices—Sell Protection (d)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Markit CMBX North America A,
Series 2

    0.250%        03/15/49      Bank of America N.A.     N/A        USD        283,625      $ (174,855   $ (165,923   $ (8,932

Markit CMBX North America AAA,
Series 6

    0.500%        05/11/63      Bank of America N.A.     N/A        USD        375,000        (7,834     (8,693     859   

Markit CMBX North America AAA,
Series 6

    0.500%        05/11/63      Bank of America N.A.     N/A        USD        830,000        (17,339     (22,030     4,691   

Markit CMBX North America AAA,
Series 6

    0.500%        05/11/63      Credit Suisse International     N/A        USD        185,000        (3,865     (3,637     (228

Markit CMBX North America AAA,
Series 6

    0.500%        05/11/63      Credit Suisse International     N/A        USD        1,135,000        (23,710     (22,566     (1,144

Markit CMBX North America AAA,
Series 6

    0.500%        05/11/63      Credit Suisse International     N/A        USD        6,970,000        (145,602     (146,771     1,169   

Markit CMBX North America AAA,
Series 6

    0.500%        05/11/63      Deutsche Bank AG     N/A        USD        750,000        (15,667     (11,532     (4,135

Markit CMBX North America AAA,
Series 6

    0.500%        05/11/63      Deutsche Bank AG     N/A        USD        1,115,000        (23,292     (24,026     734   

Markit CMBX North America AAA,
Series 7

    0.500%        01/17/47      Bank of America N.A.     N/A        USD        755,000        (23,475     (18,821     (4,654

Markit CMBX North America AAA,
Series 7

    0.500%        01/17/47      Credit Suisse International     N/A        USD        300,000        (9,328     (7,836     (1,492

Markit CMBX North America AAA,
Series 7

    0.500%        01/17/47      Credit Suisse International     N/A        USD        450,000        (13,992     (12,888     (1,104

 

MSF-236


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Swap Agreements—(Continued)

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2014(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Bank of America N.A.     N/A        USD        110,000      $ (175   $ (1,658   $ 1,483   

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Barclays Bank plc     N/A        USD        255,000        (406     1,707        (2,113

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Credit Suisse International     N/A        USD        150,000        (239     945        (1,184

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Credit Suisse International     N/A        USD        495,000        (789     (69     (720

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Credit Suisse International     N/A        USD        815,000        (1,298     13,987        (15,285

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Credit Suisse International     N/A        USD        900,000        (1,434     21,976        (23,410

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Credit Suisse International     N/A        USD        1,342,000        (2,139     (13,933     11,794   

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Deutsche Bank AG     N/A        USD        20,000        (32     318        (350

Markit CMBX North America BB, Series 6

    5.000%        05/11/63      Deutsche Bank AG     N/A        USD        140,000        (223     (1,764     1,541   

Markit CMBX North America BB, Series 7

    5.000%        01/17/47      Bank of America N.A.     N/A        USD        230,000        (5,674     (5,674       

Markit CMBX North America BB, Series 7

    5.000%        01/17/47      Bank of America N.A.     N/A        USD        405,000        (11,710     3,616        (15,326

Markit CMBX North America BB, Series 7

    5.000%        01/17/47      Barclays Bank plc     N/A        USD        115,000        (3,325     (3,588     263   

Markit CMBX North America BB, Series 7

    5.000%        01/17/47      Credit Suisse International     N/A        USD        1,465,000        (42,359     (53,594     11,235   

Markit CMBX North America BB, Series 7

    5.000%        01/17/47      Deutsche Bank AG     N/A        USD        115,000        (3,325     (3,454     129   

Markit CMBX North America BBB-, Series 6

    3.000%        05/11/63      Barclays Bank plc     N/A        USD        65,000        (248     1,209        (1,457

Markit CMBX North America BBB-, Series 6

    3.000%        05/11/63      Credit Suisse International     N/A        USD        10,000        (38     31        (69

Markit CMBX North America BBB-, Series 6

    3.000%        05/11/63      Credit Suisse International     N/A        USD        880,000        (3,355     (7,503     4,148   

Markit CMBX North America BBB-, Series 7

    3.000%        01/17/47      Credit Suisse International     N/A        USD        370,000        (10,166     (6,491     (3,675

Markit CMBX North America BBB-, Series 7

    3.000%        01/17/47      Credit Suisse International     N/A        USD        955,000        (26,239     (30,490     4,251   

Markit PrimeX ARM, Series 2

    4.580%        12/25/37      JPMorgan Chase Bank N.A.     N/A        USD        982,076        30,689        29,490        1,199   

Markit PrimeX ARM, Series 2

    4.580%        12/25/37      JPMorgan Chase Bank N.A.     N/A        USD        22,531        704        746        (42

Markit PrimeX FRM, Series 1

    4.420%        07/25/36      JPMorgan Chase Bank N.A.     N/A        USD        125,638        12,877        12,844        33   

Markit PrimeX FRM, Series 1

    4.420%        07/25/36      JPMorgan Chase Bank N.A.     N/A        USD        3,396        348        347        1   
             

 

 

   

 

 

   

 

 

 

Totals

              $ (527,515   $ (485,725   $ (41,790
             

 

 

   

 

 

   

 

 

 

Cash in the amount of $3,353,000 has been received at the custodian bank as collateral for swap contracts.

 

(a) If the Portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

 

MSF-237


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

(b) Implied credit spreads, represented in absolute terms, utilized in determining the market value of credit default swap agreements on corporate issues or indices as of period end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity’s credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as “Defaulted” indicates a credit event has occurred for the referenced entity or obligation.
(c) The maximum potential amount of future undiscounted payments that the Portfolio could be required to make under a credit default swap contract would be the notional amount of the contract. These potential amounts would be partially offset by any recovery values of the referenced debt obligation or net amounts received from the settlement of purchased protection credit default swap contracts entered into by the Portfolio for the same referenced debt obligation.
(d) If the Portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.
(ABX-HE)— Asset-Backed Home Equity Index
(ARM)— Adjustable Rate Mortgage
(CMBX)— Commercial Mortgage-Backed Index
(CPI-U)— Non-revised Consumer Price Index All Urban
(EUR)— Euro
(FRM)— Fixed Rate Mortgage
(GBP)— British Pound
(JPY)— Japanese Yen
(PEN)— Peruvian Nuevo Sol
(RSD)— Serbian Dinar
(RUB)— Russian Ruble
(USD)— United States Dollar

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stocks*

   $ 786,425,459       $ —         $ —         $ 786,425,459   

Total U.S. Treasury & Government Agencies*

     —           209,963,051         —           209,963,051   

Total Corporate Bonds & Notes*

     —           131,823,268         —           131,823,268   

Total Mortgage-Backed Securities*

     —           101,756,728         —           101,756,728   

Total Asset-Backed Securities*

     —           79,048,527         —           79,048,527   

Total Floating Rate Loans (Less Unfunded Loan Commitments)*

     —           32,032,096         —           32,032,096   

Total Foreign Government*

     —           11,889,850         —           11,889,850   

Total Municipals

     —           5,698,154         —           5,698,154   

Total Purchased Options*

     —           1,234,214         —           1,234,214   

 

MSF-238


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  
Short-Term Investments          

Mutual Fund

   $ 80,791,119      $ —        $ —         $ 80,791,119   

Repurchase Agreement

     —          57,417,011        —           57,417,011   

Total Short-Term Investments

     80,791,119        57,417,011        —           138,208,130   

Total Net Investments

   $ 867,216,578      $ 630,862,899      $ —         $ 1,498,079,477   
                                   

Collateral for securities loaned (Liability)

   $ —        $ (80,791,119   $ —         $ (80,791,119

TBA Forward Sales Commitments

   $ —        $ (72,360,578   $ —         $ (72,360,578
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 158,846      $ —         $ 158,846   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (11,036     —           (11,036

Total Forward Contracts

   $ —        $ 147,810      $ —         $ 147,810   
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 248,592      $ —        $ —         $ 248,592   

Futures Contracts (Unrealized Depreciation)

     (141,277     —          —           (141,277

Total Futures Contracts

   $ 107,315      $ —        $ —         $ 107,315   
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 592,549      $ —         $ 592,549   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (17,824     —           (17,824

Total Centrally Cleared Swap Contracts

   $ —        $ 574,725      $ —         $ 574,725   
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $ —        $ 3,088,397      $ —         $ 3,088,397   

OTC Swap Contracts at Value (Liabilities)

     —          (894,625     —           (894,625

Total OTC Swap Contracts

   $ —        $ 2,193,772      $ —         $ 2,193,772   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-239


Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—98.5% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—10.0%

  

General Dynamics Corp.

    391,818      $ 49,796,150   

Honeywell International, Inc.

    795,049        74,034,963   

Lockheed Martin Corp.

    606,217        110,804,343   

Northrop Grumman Corp.

    530,952        69,958,236   

United Technologies Corp.

    893,817        94,387,075   
   

 

 

 
      398,980,767   
   

 

 

 

Air Freight & Logistics—3.0%

  

United Parcel Service, Inc. - Class B

    1,231,880        121,081,485   
   

 

 

 

Banks—3.0%

  

PNC Financial Services Group, Inc. (The)

    714,866        61,178,232   

Wells Fargo & Co.

    1,153,820        59,848,644   
   

 

 

 
      121,026,876   
   

 

 

 

Beverages—5.8%

  

Anheuser-Busch InBev NV

    670,787        74,410,059   

Coca-Cola Co. (The)

    2,022,326        86,272,427   

Diageo plc

    2,462,779        71,208,731   
   

 

 

 
      231,891,217   
   

 

 

 

Biotechnology—1.7%

  

Amgen, Inc.

    496,587        69,750,610   
   

 

 

 

Capital Markets—1.7%

  

BlackRock, Inc.

    209,054        68,636,609   
   

 

 

 

Chemicals—4.2%

  

Ecolab, Inc.

    600,968        69,009,155   

Praxair, Inc.

    760,650        98,123,850   
   

 

 

 
      167,133,005   
   

 

 

 

Electrical Equipment—1.2%

  

Emerson Electric Co.

    793,699        49,669,683   
   

 

 

 

Energy Equipment & Services—1.5%

  

Schlumberger, Ltd.

    580,337        59,014,470   
   

 

 

 

Food & Staples Retailing—4.6%

  

CVS Health Corp.

    887,150        70,608,268   

Wal-Mart Stores, Inc.

    1,458,414        111,524,919   
   

 

 

 
      182,133,187   
   

 

 

 

Health Care Equipment & Supplies—2.2%

  

Medtronic, Inc. (a)

    1,412,682        87,515,650   
   

 

 

 

Health Care Providers & Services—5.2%

  

Cardinal Health, Inc.

    1,322,272        99,064,618   

UnitedHealth Group, Inc.

    1,271,094        109,631,858   
   

 

 

 
      208,696,476   
   

 

 

 

Hotels, Restaurants & Leisure—2.2%

  

McDonald’s Corp.

    935,747        88,718,173   
   

 

 

 

Household Products—3.7%

  

Colgate-Palmolive Co.

    1,059,070      69,072,546   

Procter & Gamble Co. (The)

    946,507        79,260,496   
   

 

 

 
      148,333,042   
   

 

 

 

Insurance—6.2%

  

ACE, Ltd.

    881,619        92,455,384   

Chubb Corp. (The)

    788,408        71,808,201   

Marsh & McLennan Cos., Inc.

    1,552,745        81,270,673   
   

 

 

 
      245,534,258   
   

 

 

 

IT Services—5.8%

  

Accenture plc - Class A

    1,186,346        96,473,657   

Automatic Data Processing, Inc.

    1,159,134        96,300,853   

International Business Machines Corp.

    206,823        39,261,210   
   

 

 

 
      232,035,720   
   

 

 

 

Leisure Products—1.3%

  

Mattel, Inc.

    1,725,394        52,883,326   
   

 

 

 

Media—2.2%

  

Omnicom Group, Inc.

    470,753        32,416,051   

Walt Disney Co. (The)

    629,429        56,038,064   
   

 

 

 
      88,454,115   
   

 

 

 

Multi-Utilities—1.0%

  

Dominion Resources, Inc.

    585,557        40,456,133   
   

 

 

 

Oil, Gas & Consumable Fuels—8.5%

  

BG Group plc

    4,354,360        80,097,279   

Chevron Corp.

    823,824        98,298,680   

Enbridge, Inc.

    1,452,391        69,540,481   

Exxon Mobil Corp.

    981,371        92,297,943   
   

 

 

 
      340,234,383   
   

 

 

 

Pharmaceuticals—8.7%

  

Johnson & Johnson

    934,356        99,593,006   

Merck & Co., Inc.

    1,718,464        101,870,546   

Pfizer, Inc.

    1,705,319        50,426,283   

Roche Holding AG

    326,873        96,787,775   
   

 

 

 
      348,677,610   
   

 

 

 

Real Estate Investment Trusts—1.3%

  

Public Storage

    300,723        49,871,902   
   

 

 

 

Road & Rail—2.0%

  

Canadian National Railway Co. (a)

    1,119,310        79,464,564   
   

 

 

 

Software—4.5%

  

Microsoft Corp.

    2,156,212        99,961,989   

Oracle Corp.

    2,055,344        78,678,568   
   

 

 

 
      178,640,557   
   

 

 

 

Specialty Retail—4.5%

  

Lowe’s Cos., Inc.

    1,505,374        79,664,392   

 

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Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Specialty Retail—(Continued)

  

TJX Cos., Inc. (The)

    1,670,055      $ 98,817,154   
   

 

 

 
      178,481,546   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.5%

  

NIKE, Inc. - Class B

    1,095,734        97,739,473   
   

 

 

 

Total Common Stocks
(Cost $3,606,325,640)

      3,935,054,837   
   

 

 

 
Short-Term Investments—2.9%   

Mutual Fund—1.6%

  

State Street Navigator Securities Lending MET Portfolio (b)

    63,972,178        63,972,178   
   

 

 

 

Repurchase Agreement—1.3%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/14 at 0.000% to be repurchased at $50,615,298 on 10/01/14, collateralized by $51,565,000 U.S. Treasury Note at 0.250% due 10/31/14 with a value of $51,629,456.

    50,615,298        50,615,298   
   

 

 

 

Total Short-Term Investments
(Cost $114,587,476)

      114,587,476   
   

 

 

 

Total Investments—101.4%
(Cost $3,720,913,116) (c)

      4,049,642,313   

Other assets and liabilities (net)—(1.4)%

      (56,410,095
   

 

 

 
Net Assets—100.0%     $ 3,993,232,218   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2014, the market value of securities loaned was $61,920,401 and the collateral received consisted of cash in the amount of $63,972,178. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Represents investment of cash collateral received from securities lending transactions.
(c) As of September 30, 2014, the aggregate cost of investments was $3,720,913,116. The aggregate unrealized appreciation and depreciation of investments were $378,291,682 and $(49,562,485), respectively, resulting in net unrealized appreciation of $328,729,197.

 

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Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2014 (Unaudited)

 

Fair Value Hierarchy

Accounting principles generally accepted in the United States of America (“GAAP”) define fair market value as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. It establishes a fair value hierarchy that prioritizes inputs to valuation methods and requires disclosure of the fair value hierarchy 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, 2014:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 398,980,767       $ —        $ —         $ 398,980,767   

Air Freight & Logistics

     121,081,485         —          —           121,081,485   

Banks

     121,026,876         —          —           121,026,876   

Beverages

     86,272,427         145,618,790        —           231,891,217   

Biotechnology

     69,750,610         —          —           69,750,610   

Capital Markets

     68,636,609         —          —           68,636,609   

Chemicals

     167,133,005         —          —           167,133,005   

Electrical Equipment

     49,669,683         —          —           49,669,683   

Energy Equipment & Services

     59,014,470         —          —           59,014,470   

Food & Staples Retailing

     182,133,187         —          —           182,133,187   

Health Care Equipment & Supplies

     87,515,650         —          —           87,515,650   

Health Care Providers & Services

     208,696,476         —          —           208,696,476   

Hotels, Restaurants & Leisure

     88,718,173         —          —           88,718,173   

Household Products

     148,333,042         —          —           148,333,042   

Insurance

     245,534,258         —          —           245,534,258   

IT Services

     232,035,720         —          —           232,035,720   

Leisure Products

     52,883,326         —          —           52,883,326   

Media

     88,454,115         —          —           88,454,115   

Multi-Utilities

     40,456,133         —          —           40,456,133   

Oil, Gas & Consumable Fuels

     260,137,104         80,097,279        —           340,234,383   

Pharmaceuticals

     251,889,835         96,787,775        —           348,677,610   

Real Estate Investment Trusts

     49,871,902         —          —           49,871,902   

Road & Rail

     79,464,564         —          —           79,464,564   

Software

     178,640,557         —          —           178,640,557   

Specialty Retail

     178,481,546         —          —           178,481,546   

Textiles, Apparel & Luxury Goods

     97,739,473         —          —           97,739,473   

Total Common Stocks

     3,612,550,993         322,503,844        —           3,935,054,837   
Short-Term Investments           

Mutual Fund

     63,972,178         —          —           63,972,178   

Repurchase Agreement

     —           50,615,298        —           50,615,298   

Total Short-Term Investments

     63,972,178         50,615,298        —           114,587,476   

Total Investments

   $ 3,676,523,171       $ 373,119,142      $ —         $ 4,049,642,313   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (63,972,178   $ —         $ (63,972,178

 

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Table of Contents

Metropolitan Series Fund

Notes to the 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; obligations of the U.S. treasury and U.S. government agencies; sovereign issues; floating rate 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”), an affiliate of MetLife, Inc., pursuant to authorization of the Board of Trustees (the “Board” or “Trustees”) of the Metropolitan Series Fund (the “Trust”). Such quotations utilize matrix pricing, which considers observable inputs including, among other things, issuer details, maturity dates, interest rates, yield curves, rates of prepayment, credit risks/spreads, default rates, reported trades, broker dealer quotes and quoted prices for similar 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 generally valued at amortized cost, which approximates fair market value, and are generally categorized as Level 2 within the fair value hierarchy.

Domestic and foreign equity securities, such as common stock, exchange-traded funds, rights, warrants, and preferred stock, that are traded on a securities exchange, are generally valued at their last sale price on the exchange or market in which they are principally traded on the valuation date, or, if no sales occurred on that day, at the last reported bid price. Equity securities traded over-the-counter are generally valued at the last reported sale price. Valuation adjustments may be applied to certain foreign equity securities that are traded solely on foreign exchanges that close before the close of 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. Foreign equity securities using these valuation adjustments are generally categorized as Level 2 within the fair value hierarchy. Equity securities that are actively traded, and have no valuation adjustments applied, are categorized as Level 1 within the fair value hierarchy. Other equity securities traded on inactive markets, or valued in reference to similar instruments traded on active markets, are generally categorized as Level 2 within the fair value hierarchy.

Investments in registered open-end management investment companies are valued at reported net asset value per share on the valuation date and are categorized as Level 1 within the fair value hierarchy.

Forward foreign currency exchange contracts are valued through an independent pricing service 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 reliable bank or dealer. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Options, whether on securities, indices, futures contracts, or otherwise, traded on exchanges are valued at the last sale price available as of the close of business on the valuation date or, if there is no such price available, at the mean between the last reported bid and ask prices. 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.

Options and futures contracts that are traded over-the-counter are generally valued on the basis of quotations provided by brokerdealers or prices provided by pricing service providers who use a series of techniques, including simulation pricing models, to determine the value of the contracts. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, interest rates, yield curves, credit curves, measures of volatility and exchange rates. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Swap contracts (other than centrally cleared swaps) are marked-to-market daily based on quotations and prices supplied by market makers, broker-dealers and other pricing services. Such quotations and prices are derived utilizing significant observable data, including the underlying reference securities or indices. These contracts are generally categorized as Level 2 within the fair value hierarchy.

Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the respective exchange or an independent pricing service when the exchange price is not available. For centrally cleared credit default swaps the clearing facility requires its members to provide actionable price levels across complete term structures. These levels along with external third party prices are used to produce daily settlement prices. These securities are categorized as Level 2 of the fair value hierarchy. Centrally cleared interest rate swaps are valued using a pricing model

 

MSF-243


Table of Contents

Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements—(Continued)

 

that references the underlying rates including the overnight index swap rate and London Interbank Offered Rate (“LIBOR”) forward rate to produce the daily settlement price. These securities are categorized as Level 2 of the fair value hierarchy.

If no current market value quotation or other observable inputs are readily available or market value quotations are deemed to be unreliable for 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”) of MetLife Advisers. The Committee provides general pricing oversight and fair value pricing determinations related to portfolio securities and meets on a regular basis to review reports relating to the valuation of the securities in each Portfolio. The Board has delegated to State Street Bank and Trust Company, the Trust’s custodian (“custodian”), the responsibility for calculating the net asset values (“NAVs”) of the Trust’s Portfolios. The Committee is responsible for overseeing the calculation of the NAVs of the Portfolios by the custodian. The Committee also periodically reviews pricing vendors, including the vendor providing fair value pricing for the Portfolio’s foreign securities, and is responsible for overseeing the correction of pricing errors and addressing other pricing issues that arise in the ordinary course of business, such as making real-time fair value determinations, as necessary.

No single standard for determining the fair value of a security can be set forth because fair value depends upon the facts and circumstances with respect to each security. Information relating to any relevant factors may be obtained by the Committee from any appropriate source, including the subadviser of a Portfolio, the custodian, a pricing service, market maker and/or broker for such security or the issuer. Appropriate methodologies for determining fair value under particular circumstances may include: matrix pricing, comparisons of securities with comparable characteristics, value based on multiples of earnings, discount from market price of similar marketable securities or a combination of these and other 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 consideration and ratification or adjustment: (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 a Portfolio’s other significant accounting policies, please refer to the Portfolio’s most recent Semiannual or Annual Report.

 

MSF-244


Table of Contents
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.


Table of Contents

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
  Elizabeth M. Forget
  President, Chief Executive Officer and Chairman of the Boards

Date: November 21, 2014

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
  Elizabeth M. Forget
  President, Chief Executive Officer and Chairman of the Boards

Date: November 21, 2014

By:   /s/ Peter H. Duffy
  Peter H. Duffy
  Chief Financial Officer and Treasurer

Date: November 21, 2014