N-Q 1 d39677dnq.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, 2015 to September 30, 2015

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, 2015

 

         
   LOGO


Table of Contents

Metropolitan Series Fund

Table of Contents

 

Schedule of Investments as of September 30, 2015 (Unaudited)   

Baillie Gifford International Stock Portfolio

   MSF-1

Barclays Aggregate Bond Index Portfolio

   MSF-4

BlackRock Bond Income Portfolio

   MSF-18

BlackRock Capital Appreciation Portfolio

   MSF-51

BlackRock Large Cap Value Portfolio

   MSF-55

BlackRock Money Market Portfolio

   MSF-58

Frontier Mid Cap Growth Portfolio

   MSF-61

Jennison Growth Portfolio

   MSF-64

Loomis Sayles Small Cap Core Portfolio

   MSF-67

Loomis Sayles Small Cap Growth Portfolio

   MSF-72

Met/Artisan Mid Cap Value Portfolio

   MSF-75

Met/Dimensional International Small Company Portfolio

   MSF-78

MetLife Asset Allocation 20 Portfolio

   MSF-114

MetLife Asset Allocation 40 Portfolio

   MSF-116

MetLife Asset Allocation 60 Portfolio

   MSF-118

MetLife Asset Allocation 80 Portfolio

   MSF-120

MetLife Mid Cap Stock Index Portfolio

   MSF-122

MetLife Stock Index Portfolio

   MSF-129

MFS Total Return Portfolio

   MSF-137

MFS Value Portfolio

   MSF-150

MSCI EAFE Index Portfolio

   MSF-154

Neuberger Berman Genesis Portfolio

   MSF-165

Russell 2000 Index Portfolio

   MSF-169

T. Rowe Price Large Cap Growth Portfolio

   MSF-188

T. Rowe Price Small Cap Growth Portfolio

   MSF-193

Van Eck Global Natural Resources Portfolio

   MSF-198

Western Asset Management Strategic Bond Opportunities Portfolio

   MSF-200

Western Asset Management U.S. Government Portfolio

   MSF-219

WMC Balanced Portfolio

   MSF-226

WMC Core Equity Opportunities Portfolio

   MSF-254

Notes to Schedule of Investments

   MSF-257

 

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, 2015 (Unaudited)

Common Stocks—98.4% of Net Assets

 

Security Description   Shares     Value  

Argentina—1.3%

  

MercadoLibre, Inc. (a)

    232,338      $ 21,156,698   
   

 

 

 

Australia—2.3%

   

Brambles, Ltd.

    2,199,727        15,081,686   

Cochlear, Ltd.

    221,159        12,978,491   

Treasury Wine Estates, Ltd.

    2,305,380        10,656,101   
   

 

 

 
      38,716,278   
   

 

 

 

Brazil—1.4%

  

Embraer S.A. (ADR)

    620,878        15,882,059   

Itau Unibanco Holding S.A. (ADR)

    1,231,649        8,153,517   
   

 

 

 
      24,035,576   
   

 

 

 

Canada—4.0%

  

Constellation Software, Inc.

    25,197        10,561,216   

Fairfax Financial Holdings, Ltd.

    64,054        29,170,609   

Restaurant Brands International, Inc. (a)

    397,100        14,295,005   

Ritchie Bros. Auctioneers, Inc. (a)

    443,057        11,466,315   
   

 

 

 
      65,493,145   
   

 

 

 

China—2.8%

  

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

    165,838        9,779,467   

Baidu, Inc. (ADR) (b)

    142,800        19,622,148   

Bitauto Holdings, Ltd. (ADR) (b)

    215,944        6,428,653   

Want Want China Holdings, Ltd. (a)

    13,272,626        10,906,221   
   

 

 

 
      46,736,489   
   

 

 

 

Denmark—4.0%

  

DSV A/S

    703,400        26,325,033   

Novo Nordisk A/S - Class B

    390,136        20,998,789   

Novozymes A/S - B Shares

    434,808        18,988,086   
   

 

 

 
      66,311,908   
   

 

 

 

Finland—2.4%

  

Kone Oyj - Class B (a)

    526,966        20,078,813   

Sampo Oyj - A Shares

    397,664        19,286,029   
   

 

 

 
      39,364,842   
   

 

 

 

France—1.6%

  

Edenred (a)

    499,410        8,168,937   

Essilor International S.A. (a)

    145,758        17,804,005   
   

 

 

 
      25,972,942   
   

 

 

 

Germany—5.7%

  

Brenntag AG

    282,662        15,211,677   

Continental AG

    80,447        17,088,517   

Deutsche Boerse AG

    359,487        30,946,344   

MTU Aero Engines AG

    121,146        10,118,742   

SAP SE

    319,594        20,676,577   
   

 

 

 
      94,041,857   
   

 

 

 

Hong Kong—2.9%

  

Hang Seng Bank, Ltd.

    1,141,600        20,620,366   

Hong Kong Exchanges and Clearing, Ltd.

    1,177,200        27,071,804   
   

 

 

 
      47,692,170   
   

 

 

 

India—0.6%

  

IDFC, Ltd.

    4,565,180      9,904,296   
   

 

 

 

Ireland—6.3%

   

CRH plc

    860,353        22,731,688   

Experian plc

    1,362,900        21,873,289   

James Hardie Industries plc

    1,666,437        20,112,891   

Ryanair Holdings plc (ADR)

    507,590        39,744,297   
   

 

 

 
      104,462,165   
   

 

 

 

Japan—13.5%

  

Denso Corp.

    494,600        20,968,404   

FANUC Corp.

    101,500        15,648,174   

Fast Retailing Co., Ltd. (a)

    59,200        24,037,564   

Japan Exchange Group, Inc.

    2,255,400        33,087,864   

MS&AD Insurance Group Holdings, Inc.

    667,100        17,943,470   

Rakuten, Inc.

    1,873,500        24,027,233   

Shimano, Inc.

    155,800        21,957,650   

SMC Corp.

    98,300        21,589,990   

Sumitomo Mitsui Trust Holdings, Inc.

    6,813,000        25,129,924   

Toyota Tsusho Corp.

    854,300        18,044,971   
   

 

 

 
      222,435,244   
   

 

 

 

Netherlands—1.6%

  

Heineken Holding NV

    363,058        25,887,532   
   

 

 

 

Norway—0.2%

   

Seadrill, Ltd. (a) (b)

    610,006        3,564,636   
   

 

 

 

Panama—0.4%

   

Copa Holdings S.A. - Class A (a)

    140,861        5,906,302   
   

 

 

 

Peru—0.6%

   

Credicorp, Ltd.

    94,356        10,035,704   
   

 

 

 

Russia—1.5%

   

Magnit PJSC (GDR)

    390,167        18,678,946   

Yandex NV - Class A (b)

    580,500        6,228,765   
   

 

 

 
      24,907,711   
   

 

 

 

Singapore—1.3%

  

United Overseas Bank, Ltd.

    1,618,473        21,115,050   
   

 

 

 

South Africa—3.0%

   

Massmart Holdings, Ltd.

    578,712        4,529,519   

Naspers, Ltd. - N Shares

    365,289        45,834,023   
   

 

 

 
      50,363,542   
   

 

 

 

South Korea—4.0%

  

NAVER Corp.

    29,269        12,712,887   

Samsung Electronics Co., Ltd.

    38,790        37,304,214   

SK Telecom Co., Ltd.

    76,078        16,851,058   
   

 

 

 
      66,868,159   
   

 

 

 

Spain—1.9%

  

Industria de Diseno Textil S.A.

    952,164        31,897,133   
   

 

 

 

 

MSF-1


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Sweden—4.9%

   

Atlas Copco AB - B Shares

    1,323,232      $ 29,667,015   

Svenska Handelsbanken AB - A Shares

    2,827,668        40,622,634   

Volvo AB - B Shares

    1,067,847        10,251,146   
   

 

 

 
      80,540,795   
   

 

 

 

Switzerland—5.0%

  

Cie Financiere Richemont S.A.

    226,199        17,622,643   

LafargeHolcim, Ltd. (b)

    315,951        16,506,784   

Nestle S.A.

    654,221        49,267,095   
   

 

 

 
      83,396,522   
   

 

 

 

Taiwan—4.1%

  

Hon Hai Precision Industry Co., Ltd.

    5,727,895        14,982,520   

Taiwan Semiconductor Manufacturing Co., Ltd.

    13,269,000        52,950,018   
   

 

 

 
      67,932,538   
   

 

 

 

Turkey—0.7%

  

BIM Birlesik Magazalar A/S (a)

    612,152        10,858,802   
   

 

 

 

United Kingdom—19.7%

   

Amlin plc

    2,350,800        23,386,678   

Antofagasta plc (a)

    892,159        6,765,266   

ARM Holdings plc

    2,219,866        31,990,970   

ASOS plc (b)

    193,858        8,126,839   

BG Group plc

    1,135,600        16,375,037   

British American Tobacco plc

    405,399        22,405,038   

Burberry Group plc

    482,582        10,015,423   

Capita plc

    1,418,200        25,757,671   

Hargreaves Lansdown plc

    1,020,400        18,683,478   

Petrofac, Ltd.

    806,500        9,400,572   

Prudential plc

    1,327,719        28,068,719   

Rio Tinto plc

    840,000        28,180,941   

Rolls-Royce Holdings plc (b)

    968,421        9,944,135   

St. James’s Place plc

    1,388,334        17,872,599   

Standard Chartered plc

    1,137,854        11,062,098   

Tullow Oil plc (a) (b)

    2,422,659        6,225,309   

Unilever NV

    596,325        23,998,667   

Wolseley plc

    457,288        26,751,008   
   

 

 

 
      325,010,448   
   

 

 

 

United States—0.7%

  

Pricesmart, Inc. (a)

    158,049        12,223,510   
   

 

 

 

Total Common Stocks
(Cost $1,553,691,018)

   

    1,626,831,994   
   

 

 

 
Short-Term Investments—9.2%   

Mutual Fund—7.9%

  

 

State Street Navigator Securities Lending MET Portfolio (c)

    130,412,802        130,412,802   
   

 

 

 

Repurchase Agreement—1.3%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated
09/30/15 at 0.000% to be repurchased at $22,087,066 on 10/01/15, collateralized by $22,245,000 U.S. Treasury Notes with rates ranging from 1.375% - 1.625%, maturity dates ranging from 02/28/19 - 07/31/19, with a value of $22,533,175.

    22,087,066      $ 22,087,066   
   

 

 

 

Total Short-Term Investments
(Cost $152,499,868)

      152,499,868   
   

 

 

 

Total Investments –107.6%
(Cost $1,706,190,886)(d)

      1,779,331,862   

Other assets and liabilities (net) – (7.6)%

      (126,226,182
   

 

 

 
Net Assets—100.0%     $ 1,653,105,680   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $133,549,301 and the collateral received consisted of cash in the amount of $130,412,802 and non-cash collateral with a value of $6,325,281. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $1,706,190,886. The aggregate unrealized appreciation and depreciation of investments were $305,663,949 and $(232,522,973), respectively, resulting in net unrealized appreciation of $73,140,976.
(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.

 

Ten Largest Industries as of
September 30, 2015 (Unaudited)

  

% of
Net Assets

 

Banks

     8.3   

Insurance

     8.2   

Diversified Financial Services

     6.1   

Machinery

     5.9   

Semiconductors & Semiconductor Equipment

     5.1   

Internet Software & Services

     4.6   

Food Products

     3.6   

Trading Companies & Distributors

     3.6   

Construction Materials

     3.6   

Specialty Retail

     3.4   

 

MSF-2


Table of Contents

Metropolitan Series Fund

Baillie Gifford International Stock Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Argentina

   $ 21,156,698       $ —        $ —         $ 21,156,698   

Australia

     —           38,716,278        —           38,716,278   

Brazil

     24,035,576         —          —           24,035,576   

Canada

     65,493,145         —          —           65,493,145   

China

     35,830,268         10,906,221        —           46,736,489   

Denmark

     —           66,311,908        —           66,311,908   

Finland

     —           39,364,842        —           39,364,842   

France

     —           25,972,942        —           25,972,942   

Germany

     —           94,041,857        —           94,041,857   

Hong Kong

     —           47,692,170        —           47,692,170   

India

     —           9,904,296        —           9,904,296   

Ireland

     39,744,297         64,717,868        —           104,462,165   

Japan

     —           222,435,244        —           222,435,244   

Netherlands

     —           25,887,532        —           25,887,532   

Norway

     —           3,564,636        —           3,564,636   

Panama

     5,906,302         —          —           5,906,302   

Peru

     10,035,704         —          —           10,035,704   

Russia

     6,228,765         18,678,946        —           24,907,711   

Singapore

     —           21,115,050        —           21,115,050   

South Africa

     —           50,363,542        —           50,363,542   

South Korea

     —           66,868,159        —           66,868,159   

Spain

     —           31,897,133        —           31,897,133   

Sweden

     —           80,540,795        —           80,540,795   

Switzerland

     —           83,396,522        —           83,396,522   

Taiwan

     —           67,932,538        —           67,932,538   

Turkey

     —           10,858,802        —           10,858,802   

United Kingdom

     —           325,010,448        —           325,010,448   

United States

     12,223,510         —          —           12,223,510   

Total Common Stocks

     220,654,265         1,406,177,729        —           1,626,831,994   
Short-Term Investments           

Mutual Fund

     130,412,802         —          —           130,412,802   

Repurchase Agreement

     —           22,087,066        —           22,087,066   

Total Short-Term Investments

     130,412,802         22,087,066        —           152,499,868   

Total Investments

   $ 351,067,067       $ 1,428,264,795      $ —         $ 1,779,331,862   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (130,412,802   $ —         $ (130,412,802

 

MSF-3


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

U.S. Treasury & Government Agencies—68.1% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—28.5%

  

Fannie Mae 15 Yr. Pool

   

2.500%, 12/01/27

    4,704,092      $ 4,810,821   

2.500%, 02/01/28

    3,592,495        3,669,699   

2.500%, 07/01/28

    6,281,769        6,416,766   

2.500%, 10/01/28

    4,097,394        4,185,448   

2.500%, 03/01/30

    3,817,454        3,895,175   

3.000%, 01/01/27

    1,935,908        2,019,118   

3.000%, 02/01/27

    3,205,489        3,342,461   

3.000%, 03/01/27

    1,611,505        1,680,365   

3.000%, 01/01/29

    7,268,345        7,574,823   

3.000%, 10/01/29

    3,462,306        3,607,596   

3.000%, 06/01/30

    3,792,634        3,952,493   

3.500%, 02/01/26

    3,147,723        3,331,882   

3.500%, 03/01/26

    1,211,863        1,282,764   

3.500%, 05/01/29

    3,332,712        3,522,363   

4.000%, 04/01/19

    80,486        84,212   

4.000%, 05/01/19

    235,544        246,495   

4.000%, 01/01/20

    337,741        353,526   

4.000%, 06/01/24

    605,981        638,222   

4.000%, 11/01/24

    2,950,572        3,107,558   

4.500%, 07/01/18

    308,117        321,130   

4.500%, 05/01/19

    127,709        133,154   

4.500%, 08/01/24

    708,304        749,316   

4.500%, 06/01/25

    1,333,511        1,410,776   

5.000%, 06/01/18

    61,120        63,872   

5.000%, 01/01/19

    138,906        145,896   

5.000%, 02/01/20

    240,149        253,437   

5.000%, 01/01/22

    297,740        322,128   

5.000%, 02/01/24

    859,478        929,518   

5.500%, 11/01/17

    29,707        30,461   

5.500%, 02/01/18

    29,110        30,170   

5.500%, 04/01/18

    234,789        244,998   

6.000%, 09/01/17

    66,200        67,797   

6.500%, 04/01/17

    169,329        173,730   

Fannie Mae 20 Yr. Pool

   

3.000%, 02/01/33

    2,262,059        2,327,951   

3.000%, 08/01/35

    2,974,642        3,061,771   

3.500%, 04/01/32

    2,246,216        2,375,300   

3.500%, 09/01/35

    3,219,506        3,390,214   

4.000%, 02/01/31

    1,095,533        1,181,932   

4.500%, 08/01/30

    700,189        759,018   

5.000%, 02/01/24

    266,571        293,621   

5.000%, 09/01/25

    222,254        244,682   

5.500%, 07/01/23

    162,760        181,613   

5.500%, 01/01/24

    106,482        118,767   

5.500%, 07/01/24

    282,135        314,755   

5.500%, 07/01/25

    249,830        278,785   

7.000%, 10/01/21

    13,135        14,462   

Fannie Mae 30 Yr. Pool

   

3.000%, 08/01/42

    1,743,282        1,772,009   

3.000%, 09/01/42

    2,598,955        2,641,782   

3.000%, 11/01/42

    3,090,528        3,141,455   

3.000%, 12/01/42

    5,644,057        5,737,063   

3.000%, 01/01/43

    1,488,430        1,512,957   

3.000%, 02/01/43

    5,083,869        5,164,512   

3.000%, 03/01/43

    6,522,754        6,626,221   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

3.000%, 05/01/43

    4,653,069      4,726,878   

3.000%, 07/01/43

    7,038,698        7,150,349   

3.000%, 09/01/43

    3,699,511        3,758,194   

3.000%, 05/01/45

    3,915,158        3,971,476   

3.500%, 12/01/40

    2,474,370        2,587,175   

3.500%, 03/01/42

    1,610,363        1,682,863   

3.500%, 04/01/42

    3,567,433        3,728,041   

3.500%, 05/01/42

    4,176,516        4,364,545   

3.500%, 06/01/42

    3,116,255        3,256,550   

3.500%, 08/01/42

    2,130,479        2,226,395   

3.500%, 09/01/42

    5,469,027        5,715,245   

3.500%, 10/01/42

    2,742,533        2,866,004   

3.500%, 01/01/43

    2,486,777        2,598,733   

3.500%, 02/01/43

    3,991,690        4,171,398   

3.500%, 04/01/43

    4,269,501        4,456,602   

3.500%, 06/01/43

    2,330,389        2,432,512   

3.500%, 08/01/44

    3,637,340        3,797,130   

3.500%, 02/01/45

    4,532,950        4,732,084   

3.500%, 03/01/45

    6,653,996        6,947,505   

3.500%, 04/01/45

    8,382,778        8,752,544   

4.000%, 08/01/39

    1,733,100        1,849,040   

4.000%, 09/01/39

    1,314,304        1,402,228   

4.000%, 12/01/39

    1,686,061        1,798,855   

4.000%, 06/01/40

    1,733,636        1,854,649   

4.000%, 09/01/40

    1,081,211        1,156,683   

4.000%, 12/01/40

    7,360,159        7,873,923   

4.000%, 01/01/41

    4,323,742        4,626,951   

4.000%, 02/01/41

    4,620,982        4,946,554   

4.000%, 12/01/41

    1,774,305        1,899,314   

4.000%, 02/01/42

    2,058,428        2,203,626   

4.000%, 09/01/43

    3,020,153        3,222,582   

4.000%, 02/01/44

    4,178,804        4,459,625   

4.000%, 05/01/44

    3,537,610        3,775,342   

4.000%, 08/01/44

    4,363,312        4,656,532   

4.000%, 11/01/44

    7,146,494        7,626,747   

4.000%, 03/01/45

    4,407,903        4,706,474   

4.500%, 08/01/33

    305,243        332,316   

4.500%, 10/01/33

    341,636        371,937   

4.500%, 04/01/34

    151,650        164,946   

4.500%, 01/01/39

    213,356        231,230   

4.500%, 07/01/39

    2,155,835        2,336,395   

4.500%, 09/01/39

    3,439,433        3,727,500   

4.500%, 10/01/39

    1,482,308        1,606,457   

4.500%, 05/01/40

    1,899,493        2,062,475   

4.500%, 08/01/40

    3,344,921        3,631,924   

4.500%, 11/01/40

    1,722,593        1,870,396   

4.500%, 12/01/40

    2,732,817        2,967,300   

4.500%, 04/01/41

    6,828,684        7,419,612   

4.500%, 05/01/41

    1,694,473        1,841,106   

5.000%, 07/01/33

    249,402        275,944   

5.000%, 08/01/33

    620,372        686,393   

5.000%, 09/01/33

    306,834        339,488   

5.000%, 10/01/33

    2,758,382        3,051,934   

5.000%, 03/01/34

    346,560        383,442   

5.000%, 04/01/34

    792,509        876,068   

 

MSF-4


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

5.000%, 05/01/34

    115,893      $ 128,020   

5.000%, 09/01/34

    297,637        328,783   

5.000%, 02/01/35

    357,850        395,296   

5.000%, 04/01/35

    240,522        265,177   

5.000%, 05/01/35

    61,914        68,261   

5.000%, 11/01/35

    252,696        278,600   

5.000%, 03/01/36

    853,030        940,472   

5.000%, 07/01/37

    706,998        778,537   

5.000%, 01/01/39

    670,014        737,668   

5.000%, 04/01/40

    2,214,900        2,442,613   

5.000%, 07/01/41

    1,685,126        1,858,444   

5.500%, 10/01/32

    58,805        66,036   

5.500%, 02/01/33

    183,652        206,255   

5.500%, 03/01/33

    528,119        593,118   

5.500%, 05/01/33

    1,833,516        2,059,182   

5.500%, 08/01/33

    878,228        986,319   

5.500%, 10/01/33

    121,027        135,922   

5.500%, 12/01/33

    1,067,944        1,199,386   

5.500%, 02/01/34

    271,142        304,527   

5.500%, 03/01/34

    169,674        190,566   

5.500%, 04/01/34

    79,991        89,839   

5.500%, 06/01/34

    301,107        338,181   

5.500%, 09/01/34

    291,440        327,324   

5.500%, 12/01/34

    702,963        789,517   

5.500%, 01/01/35

    241,381        271,101   

5.500%, 02/01/35

    574,265        644,972   

5.500%, 04/01/35

    285,032        319,184   

5.500%, 06/01/35

    1,049,135        1,174,843   

5.500%, 01/01/37

    363,099        405,418   

5.500%, 05/01/37

    181,497        202,618   

5.500%, 05/01/38

    193,355        215,852   

5.500%, 06/01/38

    225,462        251,694   

5.500%, 07/01/38

    179,632        200,532   

6.000%, 08/01/28

    3,236        3,646   

6.000%, 11/01/28

    946        1,067   

6.000%, 12/01/28

    1,211        1,380   

6.000%, 06/01/31

    72,091        82,434   

6.000%, 09/01/32

    123,269        140,932   

6.000%, 01/01/33

    31,721        36,266   

6.000%, 02/01/33

    87,762        100,319   

6.000%, 03/01/33

    107,838        123,268   

6.000%, 04/01/33

    364,431        416,574   

6.000%, 05/01/33

    309,785        354,110   

6.000%, 05/01/34

    422,785        483,004   

6.000%, 09/01/34

    356,695        407,501   

6.000%, 11/01/34

    454,207        518,901   

6.000%, 01/01/35

    240,982        272,627   

6.000%, 07/01/36

    85,194        96,184   

6.000%, 09/01/36

    233,330        263,430   

6.000%, 07/01/37

    231,767        261,617   

6.000%, 08/01/37

    344,727        389,125   

6.000%, 09/01/37

    835,434        943,032   

6.000%, 10/01/37

    290,489        327,902   

6.000%, 05/01/38

    945,748        1,067,554   

6.000%, 12/01/38

    230,691        260,403   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.500%, 05/01/28

    61,039      70,010   

6.500%, 12/01/28

    215,676        246,383   

6.500%, 03/01/29

    5,273        6,023   

6.500%, 04/01/29

    32,760        37,431   

6.500%, 05/01/29

    6,277        7,170   

6.500%, 08/01/29

    896        1,023   

6.500%, 05/01/30

    31,773        36,297   

6.500%, 09/01/31

    6,337        7,381   

6.500%, 06/01/32

    36,150        42,103   

6.500%, 09/01/33

    18,600        21,248   

6.500%, 10/01/33

    131,081        149,744   

6.500%, 10/01/34

    344,088        401,871   

6.500%, 10/01/37

    159,181        182,142   

7.000%, 06/01/26

    781        858   

7.000%, 06/01/28

    28,690        30,831   

7.000%, 10/01/29

    11,941        13,491   

7.000%, 12/01/29

    3,723        3,844   

7.000%, 04/01/32

    17,008        18,488   

7.000%, 06/01/32

    66,855        78,445   

7.000%, 10/01/37

    228,316        260,148   

7.500%, 09/01/25

    5,594        6,552   

7.500%, 06/01/26

    5,935        7,125   

7.500%, 07/01/29

    14,075        17,102   

7.500%, 10/01/29

    7,430        7,938   

8.000%, 10/01/26

    411        432   

8.000%, 11/01/29

    225        282   

8.000%, 05/01/30

    17,831        18,622   

8.000%, 11/01/30

    4,228        5,101   

8.000%, 01/01/31

    4,694        5,200   

8.000%, 02/01/31

    7,156        8,666   

Fannie Mae ARM Pool

   

2.590%, 02/01/45 (a)

    1,372,837        1,421,716   

2.741%, 11/01/43 (a)

    1,950,526        2,039,010   

2.763%, 02/01/42 (a)

    2,560,823        2,680,356   

3.066%, 10/01/41 (a)

    669,509        707,190   

Fannie Mae-ACES

   

2.679%, 05/25/21 (a)

    5,000,000        5,175,300   

Freddie Mac 15 Yr. Gold Pool

   

2.500%, 12/01/27

    2,222,819        2,272,035   

2.500%, 02/01/28

    3,394,760        3,467,941   

2.500%, 04/01/28

    2,912,284        2,975,064   

2.500%, 12/01/29

    4,471,996        4,563,070   

3.000%, 03/01/27

    1,807,077        1,882,008   

3.000%, 05/01/27

    2,347,536        2,444,877   

3.000%, 11/01/28

    2,850,907        2,967,662   

3.500%, 12/01/25

    2,130,519        2,251,118   

3.500%, 05/01/26

    792,180        837,571   

4.000%, 06/01/19

    159,656        166,876   

4.000%, 05/01/25

    1,184,866        1,247,095   

4.000%, 08/01/25

    658,539        693,126   

4.000%, 10/01/25

    536,147        564,305   

4.500%, 09/01/18

    175,081        182,205   

4.500%, 10/01/18

    377,655        393,020   

4.500%, 04/01/19

    290,973        302,932   

4.500%, 06/01/19

    167,720        174,613   

 

MSF-5


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool

   

4.500%, 08/01/19

    55,810      $ 58,104   

5.000%, 05/01/18

    413,968        431,953   

5.000%, 12/01/18

    77,877        81,260   

5.000%, 06/01/19

    232,275        244,678   

5.500%, 11/01/17

    33,270        34,316   

5.500%, 01/01/24

    572,170        629,801   

6.000%, 04/01/16

    810        815   

6.000%, 05/01/17

    19,768        20,136   

7.500%, 03/01/16

    628        631   

Freddie Mac 20 Yr. Gold Pool

   

3.000%, 04/01/33

    3,493,230        3,595,060   

3.500%, 04/01/32

    3,180,897        3,355,871   

4.000%, 01/01/31

    1,163,766        1,257,806   

4.000%, 08/01/31

    1,200,588        1,297,604   

4.500%, 05/01/29

    325,621        352,889   

5.000%, 03/01/27

    155,180        169,819   

Freddie Mac 30 Yr. Gold Pool

   

2.500%, 07/01/43

    3,022,203        2,956,472   

3.000%, 10/01/42

    2,880,782        2,918,669   

3.000%, 01/01/43

    2,819,295        2,856,373   

3.000%, 03/01/43

    6,683,835        6,769,689   

3.000%, 04/01/43

    5,290,265        5,358,218   

3.000%, 06/01/43

    1,939,684        1,964,600   

3.000%, 07/01/43

    4,592,051        4,651,037   

3.000%, 06/01/45

    4,948,177        5,004,339   

3.500%, 01/01/42

    1,815,182        1,893,302   

3.500%, 03/01/42

    1,622,563        1,692,393   

3.500%, 08/01/42

    5,650,253        5,893,423   

3.500%, 02/01/43

    2,227,118        2,320,244   

3.500%, 05/01/43

    3,897,034        4,059,987   

3.500%, 06/01/43

    2,373,427        2,472,671   

3.500%, 06/01/44

    3,091,894        3,219,636   

3.500%, 10/01/44

    3,321,250        3,458,467   

3.500%, 11/01/44

    3,765,331        3,920,895   

3.500%, 12/01/44

    4,402,869        4,584,773   

3.500%, 05/01/45

    4,821,585        5,021,520   

3.500%, 08/01/45

    3,994,209        4,159,835   

4.000%, 06/01/39

    1,246,181        1,326,803   

4.000%, 12/01/39

    1,737,140        1,849,525   

4.000%, 11/01/40

    1,718,673        1,838,581   

4.000%, 04/01/41

    1,602,229        1,714,117   

4.000%, 09/01/41

    1,708,950        1,828,290   

4.000%, 10/01/41

    3,673,472        3,930,000   

4.000%, 11/01/41

    1,849,425        1,978,575   

4.000%, 10/01/43

    4,110,198        4,377,051   

4.000%, 07/01/44

    5,200,207        5,538,516   

4.000%, 10/01/44

    4,010,656        4,271,577   

4.000%, 07/01/45

    5,765,617        6,146,992   

4.500%, 10/01/35

    628,917        681,579   

4.500%, 06/01/38

    935,211        1,013,520   

4.500%, 02/01/39

    528,372        571,729   

4.500%, 03/01/39

    436,154        471,943   

4.500%, 04/01/39

    836,186        904,800   

4.500%, 09/01/39

    987,546        1,068,581   

4.500%, 10/01/39

    2,749,036        2,974,613   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

4.500%, 11/01/39

    915,438      990,556   

4.500%, 01/01/40

    757,672        821,385   

4.500%, 05/01/40

    1,105,417        1,198,372   

4.500%, 11/01/40

    1,396,246        1,513,657   

4.500%, 02/01/41

    746,140        808,916   

4.500%, 05/01/41

    936,982        1,015,815   

4.500%, 06/01/41

    706,689        766,146   

4.500%, 12/01/43

    1,684,195        1,822,998   

5.000%, 10/01/33

    743,160        818,036   

5.000%, 03/01/34

    155,185        170,749   

5.000%, 08/01/35

    818,107        898,873   

5.000%, 09/01/35

    352,709        387,530   

5.000%, 10/01/35

    329,697        362,246   

5.000%, 01/01/36

    826,037        907,587   

5.000%, 04/01/38

    429,502        470,557   

5.000%, 11/01/39

    1,961,392        2,149,439   

5.000%, 05/01/40

    2,489,833        2,734,211   

5.500%, 06/01/34

    707,587        791,117   

5.500%, 10/01/35

    231,857        258,307   

5.500%, 12/01/35

    927,453        1,033,254   

5.500%, 01/01/36

    596,033        662,717   

5.500%, 12/01/37

    545,760        605,927   

5.500%, 04/01/38

    2,491,951        2,765,814   

5.500%, 07/01/38

    285,137        316,474   

5.500%, 08/01/38

    688,868        764,573   

6.000%, 11/01/28

    11,391        13,012   

6.000%, 12/01/28

    8,127        9,282   

6.000%, 02/01/29

    8,167        9,183   

6.000%, 04/01/29

    4,676        5,256   

6.000%, 05/01/29

    2,030        2,282   

6.000%, 06/01/31

    2,257        2,537   

6.000%, 07/01/31

    943        1,076   

6.000%, 09/01/31

    62,913        70,859   

6.000%, 04/01/32

    99,738        113,819   

6.000%, 11/01/32

    32,238        36,789   

6.000%, 06/01/34

    193,538        220,806   

6.000%, 11/01/35

    99,229        113,164   

6.000%, 02/01/36

    135,427        152,383   

6.000%, 08/01/36

    122,768        138,138   

6.000%, 10/01/36

    237,719        267,483   

6.000%, 11/01/36

    115,250        129,680   

6.000%, 01/01/37

    235,678        265,185   

6.000%, 02/01/38

    230,495        259,399   

6.000%, 11/01/39

    2,057,619        2,315,353   

6.000%, 04/01/40

    624,510        702,821   

6.500%, 02/01/30

    5,601        6,403   

6.500%, 08/01/31

    11,257        13,013   

6.500%, 10/01/31

    7,427        8,490   

6.500%, 11/01/31

    24,491        28,312   

6.500%, 03/01/32

    367,568        424,847   

6.500%, 04/01/32

    366,215        423,282   

6.500%, 09/01/36

    538,118        613,845   

6.500%, 11/01/37

    267,406        305,120   

7.000%, 12/01/27

    1,629        1,924   

7.000%, 11/01/28

    3,873        4,497   

 

MSF-6


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

7.000%, 04/01/29

    4,584      $ 5,478   

7.000%, 05/01/29

    1,003        1,098   

7.000%, 06/01/29

    6,169        6,426   

7.000%, 07/01/29

    2,078        2,372   

7.000%, 01/01/31

    104,548        112,007   

7.500%, 08/01/24

    15,564        15,892   

7.500%, 10/01/27

    11,910        13,814   

7.500%, 10/01/29

    16,401        19,425   

7.500%, 05/01/30

    12,443        14,357   

8.000%, 02/01/27

    3,892        4,783   

8.000%, 10/01/28

    7,772        9,356   

Ginnie Mae I 15 Yr. Pool

   

3.000%, 08/15/28

    3,795,499        3,991,706   

5.000%, 10/15/20

    227,834        241,714   

5.000%, 01/15/21

    155,384        165,076   

Ginnie Mae I 30 Yr. Pool

   

3.000%, 11/15/42

    3,440,991        3,528,439   

3.000%, 12/15/42

    2,508,726        2,572,482   

3.000%, 02/15/43

    2,210,443        2,262,510   

3.000%, 03/15/43

    2,910,438        2,978,994   

3.000%, 05/15/43

    3,798,056        3,887,520   

3.000%, 07/15/43

    2,482,964        2,541,451   

3.500%, 01/15/42

    3,476,388        3,655,725   

3.500%, 02/15/42

    1,362,238        1,430,067   

3.500%, 03/15/42

    2,512,977        2,638,104   

3.500%, 05/15/42

    1,832,850        1,924,112   

3.500%, 09/15/42

    2,116,567        2,221,956   

3.500%, 05/15/43

    2,449,798        2,568,909   

4.000%, 07/15/39

    2,776,774        2,975,291   

4.000%, 07/15/40

    1,599,582        1,718,204   

4.000%, 03/15/41

    1,579,707        1,689,808   

4.000%, 10/15/41

    2,710,090        2,898,977   

4.500%, 01/15/39

    412,639        449,350   

4.500%, 04/15/39

    1,174,213        1,278,679   

4.500%, 05/15/39

    2,888,756        3,145,761   

4.500%, 08/15/39

    1,252,240        1,363,649   

4.500%, 01/15/40

    1,219,739        1,332,672   

4.500%, 04/15/40

    1,435,360        1,568,256   

4.500%, 02/15/41

    719,495        784,173   

4.500%, 04/15/41

    814,064        887,244   

5.000%, 12/15/35

    438,505        490,843   

5.000%, 12/15/36

    194,138        217,631   

5.000%, 01/15/39

    1,440,346        1,598,771   

5.000%, 02/15/39

    258,781        287,813   

5.000%, 08/15/39

    2,177,627        2,421,930   

5.000%, 09/15/39

    481,559        535,584   

5.000%, 12/15/39

    943,611        1,049,473   

5.000%, 05/15/40

    1,445,767        1,614,381   

5.500%, 03/15/36

    357,414        399,904   

5.500%, 01/15/37

    533,405        602,269   

5.500%, 11/15/37

    540,801        605,902   

5.500%, 09/15/38

    275,418        308,268   

5.500%, 08/15/39

    1,550,197        1,746,764   

6.000%, 01/15/29

    6,685        7,511   

6.000%, 01/15/33

    262,163        300,344   

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

6.000%, 03/15/35

    294,597      337,770   

6.000%, 12/15/35

    180,942        208,931   

6.000%, 06/15/36

    219,816        247,752   

6.000%, 09/15/36

    318,289        358,740   

6.000%, 07/15/38

    1,317,996        1,509,096   

6.500%, 05/15/23

    1,296        1,486   

6.500%, 02/15/27

    35,037        40,903   

6.500%, 07/15/28

    13,168        15,099   

6.500%, 08/15/28

    13,408        15,375   

6.500%, 11/15/28

    9,211        10,803   

6.500%, 12/15/28

    10,903        12,501   

6.500%, 07/15/29

    2,152        2,468   

6.500%, 05/15/36

    157,899        181,052   

7.000%, 01/15/28

    2,123        2,421   

7.000%, 04/15/28

    3,145        3,245   

7.000%, 05/15/28

    12,965        14,302   

7.000%, 06/15/28

    9,462        10,721   

7.000%, 10/15/28

    8,123        9,089   

7.000%, 06/15/29

    2,067        2,120   

7.000%, 09/15/29

    7,319        8,129   

7.000%, 01/15/31

    1,366        1,398   

7.000%, 03/15/31

    27,607        29,582   

7.000%, 07/15/31

    482,613        579,138   

7.000%, 08/15/31

    71,267        80,527   

7.000%, 02/15/32

    14,526        14,944   

7.000%, 07/15/32

    30,440        37,172   

7.500%, 08/15/29

    182        182   

7.500%, 04/15/30

    8,464        8,644   

8.000%, 08/15/26

    3,672        4,257   

8.000%, 09/15/26

    4,603        5,248   

8.000%, 05/15/27

    1,385        1,418   

8.000%, 06/15/29

    23,183        24,938   

9.000%, 11/15/24

    9,389        10,637   

Ginnie Mae II 30 Yr. Pool

   

3.000%, 12/20/42

    3,208,413        3,289,910   

3.000%, 03/20/43

    4,163,553        4,262,395   

3.000%, 12/20/44

    4,458,323        4,556,730   

3.000%, 04/20/45

    3,824,234        3,908,081   

3.000%, 08/20/45

    4,988,449        5,097,821   

3.500%, 12/20/41

    2,152,604        2,265,336   

3.500%, 03/20/42

    4,153,365        4,367,798   

3.500%, 08/20/42

    2,060,835        2,167,233   

3.500%, 01/20/43

    6,024,120        6,331,583   

3.500%, 04/20/43

    2,331,810        2,449,829   

3.500%, 05/20/43

    4,070,769        4,276,801   

3.500%, 07/20/44

    5,807,866        6,093,483   

3.500%, 02/20/45

    6,987,930        7,331,486   

3.500%, 06/20/45

    3,847,749        4,036,921   

3.500%, 08/20/45

    3,905,039        4,097,027   

4.000%, 11/20/40

    2,189,510        2,360,670   

4.000%, 12/20/40

    2,136,507        2,303,523   

4.000%, 05/20/43

    2,820,679        3,008,535   

4.000%, 11/20/43

    1,768,601        1,886,389   

4.000%, 02/20/44

    4,359,104        4,644,964   

4.000%, 04/20/44

    2,399,253        2,556,590   

 

MSF-7


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool

   

4.000%, 05/20/44

    2,977,353      $ 3,172,600   

4.000%, 10/20/44

    7,146,464        7,615,111   

4.000%, 11/20/44

    1,423,170        1,516,498   

4.500%, 08/20/40

    2,001,994        2,182,209   

4.500%, 12/20/40

    1,199,422        1,307,391   

4.500%, 04/20/41

    1,125,875        1,221,077   

4.500%, 03/20/42

    822,494        892,043   

4.500%, 10/20/43

    1,541,166        1,657,396   

4.500%, 02/20/44

    2,824,731        3,037,763   

4.500%, 04/20/45

    3,390,492        3,646,193   

5.000%, 08/20/40

    898,388        992,222   

5.000%, 10/20/40

    837,202        924,646   

5.000%, 06/20/44

    2,423,318        2,676,427   

6.500%, 06/20/31

    29,128        34,424   

6.500%, 11/20/38

    733,764        842,874   

7.500%, 02/20/28

    3,506        4,259   
   

 

 

 
      693,528,950   
   

 

 

 

Federal Agencies—3.4%

   

Federal Home Loan Bank

   

1.750%, 06/12/20

    17,700,000        17,921,391   

4.875%, 05/17/17

    4,420,000        4,723,302   

Federal Home Loan Mortgage Corp.

   

0.875%, 03/07/18

    17,000,000        17,014,413   

1.250%, 10/02/19

    3,000,000        2,993,100   

1.375%, 05/01/20

    5,145,000        5,138,212   

5.125%, 11/17/17

    3,530,000        3,853,676   

Federal National Mortgage Association

   

0.875%, 05/21/18 (b)

    10,160,000        10,151,028   

4.875%, 12/15/16

    4,430,000        4,660,491   

5.375%, 06/12/17

    8,300,000        8,963,869   

6.625%, 11/15/30

    2,450,000        3,541,214   

Tennessee Valley Authority

   

5.250%, 09/15/39

    3,350,000        4,209,635   
   

 

 

 
      83,170,331   
   

 

 

 

U.S. Treasury—36.2%

   

U.S. Treasury Bonds

   

2.500%, 02/15/45

    9,900,000        9,115,722   

2.750%, 08/15/42

    2,020,000        1,970,571   

2.875%, 05/15/43

    4,760,000        4,746,482   

3.000%, 11/15/44

    11,000,000        11,235,179   

3.125%, 02/15/42

    1,800,000        1,894,950   

3.125%, 02/15/43

    3,270,000        3,425,914   

3.125%, 08/15/44

    4,700,000        4,919,443   

3.375%, 05/15/44

    3,000,000        3,292,950   

3.500%, 02/15/39

    2,080,000        2,347,717   

3.625%, 02/15/44

    10,120,000        11,639,012   

3.750%, 08/15/41

    1,830,000        2,148,182   

3.875%, 08/15/40

    10,380,000        12,368,289   

4.250%, 11/15/40

    7,280,000        9,182,118   

4.375%, 11/15/39

    3,900,000        5,005,845   

4.375%, 05/15/40

    5,220,000        6,702,167   

4.375%, 05/15/41

    5,850,000        7,544,101   

U.S. Treasury—(Continued)

  

U.S. Treasury Bonds

   

4.500%, 02/15/36

    5,675,000      7,442,081   

4.500%, 05/15/38

    4,950,000        6,477,669   

5.000%, 05/15/37

    2,760,000        3,871,065   

5.250%, 02/15/29

    750,000        1,007,040   

5.375%, 02/15/31

    6,675,000        9,265,834   

6.125%, 11/15/27

    5,750,000        8,162,298   

6.250%, 08/15/23

    7,700,000        10,187,100   

6.375%, 08/15/27

    6,900,000        9,943,107   

6.500%, 11/15/26

    4,500,000        6,454,665   

7.125%, 02/15/23

    11,125,000        15,264,724   

7.250%, 08/15/22

    6,120,000        8,323,996   

7.875%, 02/15/21

    4,450,000        5,919,256   

8.000%, 11/15/21

    2,920,000        4,007,992   

8.125%, 08/15/19

    2,645,000        3,343,677   

8.125%, 08/15/21

    1,250,000        1,708,212   

8.500%, 02/15/20

    6,700,000        8,765,810   

8.750%, 08/15/20

    1,000,000        1,348,420   

8.875%, 02/15/19

    10,215,000        12,885,814   

9.125%, 05/15/18

    1,600,000        1,946,096   

U.S. Treasury Notes

   

0.625%, 10/15/16

    9,970,000        9,993,329   

0.625%, 05/31/17

    5,000,000        5,003,950   

0.625%, 08/31/17

    21,700,000        21,699,132   

0.625%, 04/30/18

    5,000,000        4,974,700   

0.750%, 02/28/18

    40,500,000        40,471,650   

0.875%, 11/30/16

    23,800,000        23,920,669   

0.875%, 05/15/17

    10,000,000        10,051,100   

1.000%, 10/31/16

    7,010,000        7,054,584   

1.000%, 03/31/17

    7,850,000        7,906,756   

1.000%, 08/15/18

    28,000,000        28,075,879   

1.125%, 05/31/19

    12,300,000        12,303,198   

1.125%, 03/31/20

    5,100,000        5,060,016   

1.250%, 10/31/19

    5,130,000        5,137,644   

1.250%, 02/29/20

    25,800,000        25,749,690   

1.375%, 09/30/18

    47,890,000        48,516,879   

1.375%, 11/30/18

    15,000,000        15,183,599   

1.375%, 01/31/20

    27,100,000        27,210,567   

1.500%, 03/31/19

    31,870,000        32,327,334   

1.625%, 11/15/22

    5,000,000        4,951,700   

1.750%, 10/31/20

    5,000,000        5,079,300   

1.750%, 05/15/22

    4,900,000        4,909,555   

1.750%, 05/15/23

    17,520,000        17,372,833   

1.875%, 09/30/17

    15,900,000        16,284,620   

2.000%, 11/30/20

    14,800,000        15,202,265   

2.000%, 02/28/21

    5,000,000        5,126,000   

2.000%, 10/31/21

    6,000,000        6,126,240   

2.000%, 02/15/22

    3,800,000        3,878,204   

2.000%, 02/15/23

    6,900,000        6,991,563   

2.000%, 08/15/25

    5,000,000        4,973,570   

2.125%, 08/31/20

    5,800,000        6,002,652   

2.125%, 06/30/21

    12,000,000        12,365,400   

2.125%, 08/15/21

    8,710,000        8,967,207   

2.125%, 05/15/25

    7,100,000        7,143,523   

2.250%, 07/31/21

    19,000,000        19,708,129   

2.250%, 11/15/24

    7,800,000        7,946,484   

 

MSF-8


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

U.S. Treasury—(Continued)

  

U.S. Treasury Notes

   

2.375%, 05/31/18

    31,000,000      $ 32,253,640   

2.500%, 08/15/23

    14,400,000        15,052,465   

2.500%, 05/15/24

    7,000,000        7,292,320   

2.625%, 08/15/20 (b)

    6,000,000        6,350,160   

2.750%, 05/31/17

    9,840,000        10,195,420   

2.750%, 11/15/23

    9,835,000        10,470,341   

3.000%, 02/28/17

    14,980,000        15,510,891   

3.125%, 05/15/19

    3,000,000        3,213,390   

3.375%, 11/15/19

    4,350,000        4,725,492   

3.500%, 02/15/18

    4,000,000        4,256,320   

3.500%, 05/15/20

    7,790,000        8,541,969   

3.625%, 02/15/20

    17,190,000        18,888,198   

3.750%, 11/15/18

    4,550,000        4,940,799   

3.875%, 05/15/18

    4,700,000        5,072,616   

4.000%, 08/15/18

    9,620,000        10,476,949   

4.250%, 11/15/17

    4,700,000        5,050,855   

4.625%, 02/15/17

    8,475,000        8,954,007   
   

 

 

 
      878,779,251   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $1,586,851,160)

      1,655,478,532   
   

 

 

 
Corporate Bonds & Notes—26.3%   

Aerospace/Defense—0.3%

   

Boeing Co. (The)

   

7.250%, 06/15/25

    460,000        608,822   

Lockheed Martin Corp.

   

6.150%, 09/01/36

    1,700,000        2,040,752   

Northrop Grumman Systems Corp.

   

7.750%, 02/15/31

    515,000        689,482   

Raytheon Co.

   

3.125%, 10/15/20 (b)

    1,000,000        1,042,630   

United Technologies Corp.

   

4.500%, 06/01/42

    2,645,000        2,706,371   

7.500%, 09/15/29

    200,000        277,976   
   

 

 

 
      7,366,033   
   

 

 

 

Agriculture—0.3%

   

Altria Group, Inc.

   

9.700%, 11/10/18

    750,000        917,543   

Archer-Daniels-Midland Co.

   

4.479%, 03/01/21 (b)

    2,000,000        2,201,884   

Philip Morris International, Inc.

   

3.250%, 11/10/24

    3,000,000        2,997,572   

4.500%, 03/26/20

    925,000        1,015,166   
   

 

 

 
      7,132,165   
   

 

 

 

Auto Manufacturers—0.5%

   

Daimler Finance North America LLC

   

8.500%, 01/18/31

    1,050,000        1,491,524   

Ford Motor Co.

   

7.450%, 07/16/31

    2,200,000        2,733,441   

Auto Manufacturers—(Continued)

   

General Motors Financial Co., Inc.

   

2.625%, 07/10/17

    4,000,000      4,005,319   

Toyota Motor Credit Corp.

   

3.300%, 01/12/22 (b)

    4,000,000        4,135,331   
   

 

 

 
      12,365,615   
   

 

 

 

Banks—5.9%

   

Bank of America Corp.

   

3.300%, 01/11/23

    4,075,000        4,059,177   

4.100%, 07/24/23

    2,905,000        3,021,114   

5.750%, 08/15/16

    2,850,000        2,952,221   

5.875%, 02/07/42

    3,000,000        3,513,236   

6.500%, 07/15/18

    200,000        223,472   

Bank of New York Mellon Corp. (The)

   

5.450%, 05/15/19

    2,000,000        2,234,255   

Bank of Nova Scotia (The)

   

2.050%, 10/30/18 (b)

    3,480,000        3,503,755   

Barclays Bank plc

   

5.000%, 09/22/16

    1,750,000        1,815,189   

BNP Paribas S.A.

   

5.000%, 01/15/21

    3,225,000        3,626,102   

Branch Banking & Trust Co.

   

2.850%, 04/01/21

    3,400,000        3,443,444   

Capital One Financial Corp.

   

6.750%, 09/15/17

    1,200,000        1,311,272   

Citigroup, Inc.

   

5.375%, 08/09/20

    2,200,000        2,455,880   

5.850%, 08/02/16

    500,000        519,000   

6.125%, 11/21/17

    1,700,000        1,853,673   

6.125%, 05/15/18

    1,900,000        2,100,693   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

   

5.250%, 05/24/41

    3,640,000        4,045,705   

Credit Suisse

   

4.375%, 08/05/20 (b)

    2,611,000        2,848,462   

Deutsche Bank AG

   

6.000%, 09/01/17

    1,500,000        1,618,239   

Fifth Third Bancorp

   

8.250%, 03/01/38

    1,175,000        1,659,597   

Goldman Sachs Group, Inc. (The)

   

6.000%, 06/15/20

    2,000,000        2,287,263   

6.125%, 02/15/33

    2,075,000        2,469,455   

6.250%, 09/01/17

    760,000        824,674   

6.450%, 05/01/36

    2,000,000        2,304,732   

6.750%, 10/01/37

    3,500,000        4,189,611   

HSBC Holdings plc

   

5.100%, 04/05/21

    2,556,000        2,830,089   

6.500%, 09/15/37

    905,000        1,060,321   

JPMorgan Chase & Co.

   

3.250%, 09/23/22

    2,850,000        2,857,050   

4.950%, 03/25/20

    2,650,000        2,921,861   

6.300%, 04/23/19

    1,900,000        2,156,597   

JPMorgan Chase Bank N.A.

   

6.000%, 10/01/17

    2,700,000        2,921,971   

 

MSF-9


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

KFW

   

1.000%, 06/11/18 (b)

    3,536,000      $ 3,534,769   

1.250%, 02/15/17

    3,000,000        3,022,923   

2.375%, 08/25/21 (b)

    1,945,000        2,013,366   

2.625%, 02/16/16 (b)

    2,791,000        2,813,663   

2.750%, 09/08/20 (b)

    2,300,000        2,432,144   

4.875%, 01/17/17

    2,900,000        3,056,531   

Lloyds Bank plc

   

6.375%, 01/21/21 (b)

    1,500,000        1,784,942   

Morgan Stanley

   

4.350%, 09/08/26

    3,800,000        3,813,027   

5.625%, 09/23/19

    1,900,000        2,119,979   

7.250%, 04/01/32

    1,850,000        2,417,161   

7.300%, 05/13/19

    2,460,000        2,861,553   

Oesterreichische Kontrollbank AG

   

1.625%, 03/12/19

    3,025,000        3,062,203   

PNC Bank N.A.

   

2.950%, 02/23/25

    4,100,000        3,949,380   

4.875%, 09/21/17

    1,000,000        1,061,586   

5.250%, 01/15/17

    1,600,000        1,677,392   

Royal Bank of Canada

   

2.150%, 03/15/19 (b)

    3,915,000        3,937,652   

State Street Bank and Trust Co.

   

5.300%, 01/15/16 (b)

    300,000        303,839   

Sumitomo Mitsui Banking Corp.

   

1.950%, 07/23/18

    4,000,000        3,999,856   

Toronto-Dominion Bank (The)

   

2.250%, 11/05/19 (b)

    4,000,000        4,035,028   

U.S. Bancorp

   

3.600%, 09/11/24

    3,000,000        3,043,265   

UBS AG

   

4.875%, 08/04/20

    3,500,000        3,897,721   

Wachovia Corp.

   

5.750%, 06/15/17

    700,000        751,166   

Wells Fargo & Co.

   

2.600%, 07/22/20 (b)

    4,000,000        4,038,627   

3.000%, 01/22/21

    3,400,000        3,467,657   

Wells Fargo Bank N.A.

   

5.950%, 08/26/36

    1,900,000        2,305,103   
   

 

 

 
      143,028,643   
   

 

 

 

Beverages—0.6%

   

Anheuser-Busch Cos. LLC

   

6.450%, 09/01/37

    880,000        1,071,169   

Anheuser-Busch InBev Finance, Inc.

   

1.250%, 01/17/18

    3,500,000        3,469,293   

Coca-Cola Co. (The)

   

3.150%, 11/15/20(b)

    280,000        294,540   

3.200%, 11/01/23(b)

    3,000,000        3,062,204   

Diageo Finance B.V.

   

5.300%, 10/28/15

    870,000        872,604   

Pepsi Bottling Group, Inc. (The)

   

7.000%, 03/01/29

    300,000        411,253   

Beverages—(Continued)

   

PepsiCo, Inc.

   

3.600%, 03/01/24

    3,975,000      4,120,350   

5.000%, 06/01/18

    1,000,000        1,092,761   
   

 

 

 
      14,394,174   
   

 

 

 

Biotechnology—0.3%

   

Amgen, Inc.

   

5.700%, 02/01/19

    850,000        942,891   

6.150%, 06/01/18

    1,650,000        1,830,496   

Celgene Corp.

   

4.625%, 05/15/44

    4,000,000        3,783,381   
   

 

 

 
      6,556,768   
   

 

 

 

Building Materials—0.0%

   

CRH America, Inc.

   

6.000%, 09/30/16

    900,000        937,679   
   

 

 

 

Chemicals—0.5%

   

Dow Chemical Co. (The)

   

4.250%, 11/15/20

    2,750,000        2,914,253   

9.400%, 05/15/39

    650,000        945,337   

E. I. du Pont de Nemours & Co.

   

5.600%, 12/15/36

    1,000,000        1,108,216   

6.000%, 07/15/18

    1,000,000        1,111,661   

Potash Corp. of Saskatchewan, Inc.

   

4.875%, 03/30/20 (b)

    970,000        1,061,975   

Praxair, Inc.

   

3.000%, 09/01/21

    3,950,000        4,036,988   
   

 

 

 
      11,178,430   
   

 

 

 

Computers—0.4%

   

Apple, Inc.

   

2.400%, 05/03/23

    2,072,000        2,008,739   

4.450%, 05/06/44

    2,944,000        2,938,322   

Hewlett-Packard Co.

   

5.500%, 03/01/18

    1,950,000        2,143,177   

International Business Machines Corp.

   

4.000%, 06/20/42 (b)

    3,200,000        2,956,398   

8.375%, 11/01/19

    425,000        531,556   
   

 

 

 
      10,578,192   
   

 

 

 

Cosmetics/Personal Care—0.2%

   

Procter & Gamble Co. (The)

   

2.300%, 02/06/22 (b)

    3,600,000        3,580,959   

6.450%, 01/15/26

    200,000        256,386   
   

 

 

 
      3,837,345   
   

 

 

 

Diversified Financial Services—1.2%

   

American Express Co.

   

7.000%, 03/19/18

    3,000,000        3,369,212   

Associates Corp. of North America

   

6.950%, 11/01/18

    1,700,000        1,939,903   

BlackRock, Inc.

   

3.500%, 03/18/24 (b)

    3,800,000        3,895,245   

 

MSF-10


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Diversified Financial Services—(Continued)

  

 

General Electric Capital Corp.

   

5.300%, 02/11/21

    1,915,000      $ 2,195,260   

5.400%, 02/15/17

    2,000,000        2,115,459   

5.500%, 01/08/20

    3,360,000        3,864,736   

5.875%, 01/14/38

    2,050,000        2,584,495   

6.750%, 03/15/32

    1,250,000        1,701,441   

7.500%, 08/21/35 (b)

    100,000        144,504   

HSBC Finance Corp.

   

5.500%, 01/19/16

    900,000        912,089   

National Rural Utilities Cooperative Finance Corp.

   

10.375%, 11/01/18

    2,900,000        3,608,470   

Nomura Holdings, Inc.

   

6.700%, 03/04/20

    1,325,000        1,545,479   
   

 

 

 
      27,876,293   
   

 

 

 

Electric—1.7%

   

CenterPoint Energy Houston Electric LLC

   

4.500%, 04/01/44

    3,800,000        4,004,890   

Consolidated Edison Co. of New York, Inc.

   

3.950%, 03/01/43

    3,070,000        2,906,495   

5.850%, 04/01/18

    855,000        942,894   

Dominion Resources, Inc.

   

6.400%, 06/15/18

    1,750,000        1,949,737   

Duke Energy Carolinas LLC

   

5.300%, 02/15/40

    2,000,000        2,332,907   

Exelon Corp.

   

5.625%, 06/15/35

    1,500,000        1,614,212   

Florida Power & Light Co.

   

5.950%, 02/01/38

    1,700,000        2,147,871   

Georgia Power Co.

   

5.700%, 06/01/17

    1,400,000        1,494,780   

Nisource Finance Corp.

   

4.800%, 02/15/44

    4,000,000        4,072,997   

Northern States Power Co.

   

6.250%, 06/01/36

    2,200,000        2,807,640   

Ohio Power Co.

   

5.375%, 10/01/21

    1,640,000        1,868,944   

Oncor Electric Delivery Co. LLC

   

7.000%, 05/01/32

    950,000        1,185,607   

Pacific Gas & Electric Co.

   

5.400%, 01/15/40

    3,320,000        3,731,093   

PacifiCorp

   

2.950%, 02/01/22 (b)

    2,800,000        2,832,730   

PPL Capital Funding, Inc.

   

3.400%, 06/01/23 (b)

    4,000,000        3,997,178   

Progress Energy, Inc.

   

5.625%, 01/15/16

    1,900,000        1,925,960   

PSEG Power LLC

   

8.625%, 04/15/31

    1,000,000        1,351,300   
   

 

 

 
      41,167,235   
   

 

 

 

Electronics—0.3%

   

Honeywell International, Inc.

   

5.000%, 02/15/19

    2,000,000        2,220,534   

Electronics—(Continued)

   

Koninklijke Philips NV

   

5.750%, 03/11/18

    900,000      974,032   

Thermo Fisher Scientific, Inc.

   

4.150%, 02/01/24

    3,445,000        3,562,162   
   

 

 

 
      6,756,728   
   

 

 

 

Environmental Control—0.1%

   

Waste Management, Inc.

   

7.000%, 07/15/28

    1,265,000        1,662,843   
   

 

 

 

Food—0.6%

   

ConAgra Foods, Inc.

   

5.819%, 06/15/17

    1,000,000        1,063,746   

General Mills, Inc.

   

5.650%, 02/15/19 (b)

    1,700,000        1,893,921   

Kroger Co. (The)

   

3.300%, 01/15/21 (b)

    3,900,000        3,998,397   

Mondelez International, Inc.

   

4.125%, 02/09/16

    2,200,000        2,224,297   

5.375%, 02/10/20

    1,800,000        2,010,338   

Sysco Corp.

   

2.600%, 06/12/22 (b)

    2,400,000        2,326,447   

Unilever Capital Corp.

   

5.900%, 11/15/32

    1,500,000        1,942,130   
   

 

 

 
      15,459,276   
   

 

 

 

Forest Products & Paper—0.1%

   

Georgia-Pacific LLC

   

8.000%, 01/15/24

    1,800,000        2,309,403   
   

 

 

 

Gas—0.0%

   

Sempra Energy

   

6.150%, 06/15/18

    900,000        997,332   
   

 

 

 

Healthcare-Products—0.4%

   

Baxter International, Inc.

   

5.375%, 06/01/18 (b)

    1,400,000        1,521,267   

Becton Dickinson & Co.

   

4.685%, 12/15/44

    3,500,000        3,485,110   

Medtronic, Inc.

   

4.000%, 04/01/43

    3,900,000        3,633,865   
   

 

 

 
      8,640,242   
   

 

 

 

Healthcare-Services—0.5%

   

Aetna, Inc.

   

2.750%, 11/15/22

    3,000,000        2,884,864   

Anthem, Inc.

   

5.850%, 01/15/36

    1,800,000        1,985,752   

Cigna Corp.

   

5.375%, 02/15/42

    3,000,000        3,239,034   

Laboratory Corp. of America Holdings

   

4.625%, 11/15/20 (b)

    1,900,000        2,050,100   

UnitedHealth Group, Inc.

   

5.375%, 03/15/16

    1,700,000        1,733,486   
   

 

 

 
      11,893,236   
   

 

 

 

 

MSF-11


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Household Products/Wares—0.0%

   

Kimberly-Clark Corp.

   

6.125%, 08/01/17

    500,000      $ 544,064   
   

 

 

 

Insurance—0.8%

   

ACE INA Holdings, Inc.

   

3.350%, 05/15/24

    4,000,000        3,990,968   

Aflac, Inc.

   

3.625%, 06/15/23

    2,975,000        3,048,348   

Allstate Corp. (The)

   

6.900%, 05/15/38

    150,000        192,829   

7.450%, 05/16/19 (b)

    1,700,000        2,012,805   

American International Group, Inc.

   

5.850%, 01/16/18

    1,800,000        1,965,403   

AXA S.A.

   

8.600%, 12/15/30

    1,165,000        1,572,750   

Berkshire Hathaway, Inc.

   

1.900%, 01/31/17

    2,900,000        2,940,317   

Chubb Corp. (The)

   

6.000%, 05/11/37

    865,000        1,059,209   

Hartford Financial Services Group, Inc. (The)

   

6.100%, 10/01/41

    780,000        945,346   

Prudential Financial, Inc.

   

5.700%, 12/14/36

    1,525,000        1,732,223   
   

 

 

 
      19,460,198   
   

 

 

 

Internet—0.2%

   

Amazon.com, Inc.

   

3.800%, 12/05/24 (b)

    3,800,000        3,889,651   
   

 

 

 

Iron/Steel—0.0%

   

Vale Overseas, Ltd.

   

6.875%, 11/21/36 (b)

    1,100,000        873,432   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

 

Caterpillar, Inc.

   

7.900%, 12/15/18

    1,757,000        2,078,004   
   

 

 

 

Machinery-Diversified—0.1%

   

Deere & Co.

   

2.600%, 06/08/22

    1,950,000        1,913,462   
   

 

 

 

Media—1.1%

   

21st Century Fox America, Inc.

   

6.550%, 03/15/33

    1,950,000        2,368,080   

Comcast Corp.

   

4.650%, 07/15/42

    3,670,000        3,759,724   

5.650%, 06/15/35 (b)

    1,500,000        1,736,233   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.

   

5.000%, 03/01/21

    2,600,000        2,820,776   

Discovery Communications LLC

   

6.350%, 06/01/40

    1,800,000        1,896,840   

Historic TW, Inc.

   

6.875%, 06/15/18

    1,800,000        2,033,937   

Thomson Reuters Corp.

   

6.500%, 07/15/18 (b)

    800,000        896,663   

Media—(Continued)

   

Time Warner Cable, Inc.

   

5.000%, 02/01/20

    1,900,000      2,035,225   

5.850%, 05/01/17

    1,800,000        1,906,086   

6.550%, 05/01/37

    100,000        99,070   

Time Warner Entertainment Co. L.P.

   

8.375%, 03/15/23

    380,000        469,338   

Time Warner, Inc.

   

6.100%, 07/15/40

    925,000        1,041,365   

7.700%, 05/01/32

    685,000        898,051   

Viacom, Inc.

   

4.375%, 03/15/43

    3,500,000        2,639,700   

6.250%, 04/30/16 (b)

    308,000        316,821   

Walt Disney Co. (The)

   

2.750%, 08/16/21 (b)

    1,930,000        1,974,683   
   

 

 

 
      26,892,592   
   

 

 

 

Mining—0.4%

   

Barrick North America Finance LLC

   

4.400%, 05/30/21

    3,125,000        3,044,456   

Freeport-McMoRan, Inc.

   

3.550%, 03/01/22 (b)

    3,700,000        2,765,750   

Newmont Mining Corp.

   

6.250%, 10/01/39 (b)

    1,800,000        1,600,057   

Rio Tinto Alcan, Inc.

   

6.125%, 12/15/33

    1,751,000        1,933,033   
   

 

 

 
      9,343,296   
   

 

 

 

Miscellaneous Manufacturing—0.3%

   

General Electric Co.

   

3.375%, 03/11/24

    2,900,000        3,011,294   

5.250%, 12/06/17

    1,800,000        1,946,390   

Tyco Electronics Group S.A.

   

6.550%, 10/01/17

    1,600,000        1,752,067   

Tyco International Finance S.A./Tyco Fire & Security Finance SCA

   

6.875%, 01/15/21 (b)

    1,275,000        1,555,500   
   

 

 

 
      8,265,251   
   

 

 

 

Multi-National—1.5%

   

Asian Development Bank

   

5.500%, 06/27/16

    3,850,000        3,994,048   

European Bank for Reconstruction & Development

   

1.000%, 06/15/18 (b)

    3,564,000        3,562,754   

European Investment Bank

   

1.625%, 06/15/17

    1,975,000        2,004,949   

2.500%, 10/15/24

    3,800,000        3,910,703   

4.000%, 02/16/21 (b)

    1,700,000        1,905,714   

4.875%, 02/15/36

    3,700,000        4,694,091   

5.125%, 05/30/17

    1,750,000        1,877,080   

Inter-American Development Bank

   

2.125%, 01/15/25

    3,900,000        3,882,564   

2.375%, 08/15/17

    2,000,000        2,060,218   

6.800%, 10/15/25

    500,000        694,881   

7.000%, 06/15/25

    200,000        272,716   

 

MSF-12


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Multi-National—(Continued)

   

International Bank for Reconstruction & Development

   

7.625%, 01/19/23

    2,970,000      $ 4,111,481   

8.875%, 03/01/26

    535,000        829,400   

International Finance Corp.

   

1.750%, 09/04/18

    2,975,000        3,037,352   
   

 

 

 
      36,837,951   
   

 

 

 

Office/Business Equipment—0.1%

   

Xerox Corp.

   

6.350%, 05/15/18 (b)

    2,550,000        2,792,764   
   

 

 

 

Oil & Gas—1.5%

   

Anadarko Petroleum Corp.

   

6.375%, 09/15/17

    2,445,000        2,627,277   

Apache Finance Canada Corp.

   

7.750%, 12/15/29

    300,000        391,830   

BP Capital Markets plc

   

3.245%, 05/06/22

    3,900,000        3,919,510   

Canadian Natural Resources, Ltd.

   

6.250%, 03/15/38

    1,800,000        1,761,337   

Chevron Corp.

   

3.191%, 06/24/23 (b)

    3,025,000        3,051,287   

ConocoPhillips Canada Funding Co. I

   

5.950%, 10/15/36

    1,550,000        1,777,385   

ConocoPhillips Holding Co.

   

6.950%, 04/15/29

    700,000        881,440   

Devon Energy Corp.

   

6.300%, 01/15/19

    850,000        947,747   

Hess Corp.

   

8.125%, 02/15/19

    3,130,000        3,626,945   

Marathon Oil Corp.

   

6.600%, 10/01/37

    2,000,000        1,969,975   

Noble Energy, Inc.

   

3.900%, 11/15/24

    4,200,000        3,905,532   

Petroleos Mexicanos

   

6.625%, 06/15/35

    3,400,000        3,196,000   

Shell International Finance B.V.

   

4.300%, 09/22/19

    1,000,000        1,088,827   

Statoil ASA

   

6.700%, 01/15/18

    300,000        334,092   

Suncor Energy, Inc.

   

6.100%, 06/01/18

    2,500,000        2,753,078   

Total Capital International S.A.

   

2.700%, 01/25/23 (b)

    3,000,000        2,910,395   

XTO Energy, Inc.

   

6.500%, 12/15/18 (b)

    1,600,000        1,837,429   
   

 

 

 
      36,980,086   
   

 

 

 

Oil & Gas Services—0.3%

   

Halliburton Co.

   

3.500%, 08/01/23

    4,000,000        3,983,566   

Weatherford International, Ltd.

   

4.500%, 04/15/22 (b)

    2,300,000        1,851,500   

9.625%, 03/01/19

    1,500,000        1,590,000   
   

 

 

 
      7,425,066   
   

 

 

 

Pharmaceuticals—1.0%

   

Abbott Laboratories

   

5.125%, 04/01/19

    1,073,000      1,185,962   

AbbVie, Inc.

   

4.400%, 11/06/42

    3,200,000        2,946,985   

Actavis Funding SCS

   

2.350%, 03/12/18

    3,900,000        3,913,755   

AstraZeneca plc

   

4.000%, 09/18/42

    1,200,000        1,164,912   

Express Scripts Holding Co.

   

6.125%, 11/15/41

    1,520,000        1,735,777   

GlaxoSmithKline Capital, Inc.

   

6.375%, 05/15/38

    2,100,000        2,661,495   

Johnson & Johnson

   

5.950%, 08/15/37 (b)

    910,000        1,169,871   

6.950%, 09/01/29 (b)

    250,000        357,765   

Merck & Co., Inc.

   

6.550%, 09/15/37

    1,000,000        1,325,894   

Merck Sharp & Dohme Corp.

   

5.950%, 12/01/28

    300,000        376,269   

Novartis Capital Corp.

   

4.400%, 04/24/20

    900,000        995,587   

Sanofi

   

4.000%, 03/29/21

    2,775,000        2,991,029   

Wyeth LLC

   

5.950%, 04/01/37

    3,300,000        3,913,373   
   

 

 

 
      24,738,674   
   

 

 

 

Pipelines—0.8%

   

El Paso Natural Gas Co. LLC

   

8.375%, 06/15/32

    220,000        246,417   

Energy Transfer Partners L.P.

   

4.650%, 06/01/21

    1,950,000        1,952,222   

5.150%, 03/15/45

    4,600,000        3,562,193   

Enterprise Products Operating LLC

   

6.300%, 09/15/17

    1,900,000        2,059,844   

Kinder Morgan Energy Partners L.P.

   

6.500%, 02/01/37

    2,000,000        1,841,829   

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

   

6.500%, 05/01/18

    2,485,000        2,720,929   

Tennessee Gas Pipeline Co. LLC

   

7.000%, 10/15/28

    1,050,000        1,188,877   

7.625%, 04/01/37

    640,000        681,775   

TransCanada PipeLines, Ltd.

   

6.200%, 10/15/37

    1,800,000        1,988,713   

Williams Partners L.P.

   

5.250%, 03/15/20 (b)

    3,575,000        3,811,851   
   

 

 

 
      20,054,650   
   

 

 

 

Real Estate Investment Trusts—0.4%

   

AvalonBay Communities, Inc.

   

6.100%, 03/15/20

    860,000        988,749   

Boston Properties L.P.

   

3.850%, 02/01/23

    2,950,000        3,021,706   

ERP Operating L.P.

   

5.750%, 06/15/17

    900,000        962,635   

 

MSF-13


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Real Estate Investment Trusts—(Continued)

  

HCP, Inc.

   

5.375%, 02/01/21

    2,591,000      $ 2,863,214   

Kimco Realty Corp.

   

6.875%, 10/01/19

    550,000        641,149   

Simon Property Group L.P.

   

5.250%, 12/01/16

    2,000,000        2,075,788   
   

 

 

 
      10,553,241   
   

 

 

 

Retail—0.9%

   

Costco Wholesale Corp.

   

5.500%, 03/15/17

    465,000        495,318   

CVS Health Corp.

   

2.250%, 12/05/18

    3,930,000        3,986,433   

Home Depot, Inc. (The)

   

4.400%, 04/01/21

    1,450,000        1,600,135   

5.400%, 03/01/16 (b)

    900,000        917,949   

Lowe’s Cos., Inc.

   

6.875%, 02/15/28

    1,000,000        1,296,607   

Macy’s Retail Holdings, Inc.

   

4.300%, 02/15/43

    4,600,000        3,891,229   

McDonald’s Corp.

   

5.350%, 03/01/18

    885,000        965,096   

Target Corp.

   

6.350%, 11/01/32

    1,000,000        1,274,145   

Wal-Mart Stores, Inc.

   

2.550%, 04/11/23

    4,000,000        3,937,864   

5.250%, 09/01/35

    935,000        1,074,571   

5.625%, 04/15/41

    1,900,000        2,297,345   

Walgreen Co.

   

5.250%, 01/15/19

    225,000        247,208   
   

 

 

 
      21,983,900   
   

 

 

 

Semiconductors—0.2%

   

Intel Corp.

   

2.700%, 12/15/22

    2,000,000        1,965,147   

QUALCOMM, Inc.

   

3.450%, 05/20/25

    4,000,000        3,791,524   
   

 

 

 
      5,756,671   
   

 

 

 

Software—0.5%

   

Adobe Systems, Inc.

   

4.750%, 02/01/20

    2,200,000        2,416,661   

Microsoft Corp.

   

4.200%, 06/01/19

    2,700,000        2,950,410   

Oracle Corp.

   

2.375%, 01/15/19

    3,885,000        3,957,747   

4.125%, 05/15/45

    4,200,000        3,961,981   
   

 

 

 
      13,286,799   
   

 

 

 

Telecommunications—1.7%

   

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

   

2.375%, 09/08/16

    2,875,000        2,897,568   

AT&T Mobility LLC

   

7.125%, 12/15/31

    100,000        123,000   

Telecommunications—(Continued)

   

AT&T, Inc.

   

2.450%, 06/30/20

    4,100,000      4,037,180   

5.500%, 02/01/18

    3,500,000        3,784,402   

5.800%, 02/15/19

    1,700,000        1,890,440   

6.300%, 01/15/38

    1,300,000        1,433,997   

British Telecommunications plc

   

9.625%, 12/15/30

    1,000,000        1,486,930   

Cisco Systems, Inc.

   

5.500%, 01/15/40

    2,000,000        2,342,097   

Deutsche Telekom International Finance B.V.

   

5.750%, 03/23/16

    460,000        470,501   

8.750%, 06/15/30

    1,000,000        1,429,073   

Orange S.A.

   

2.750%, 09/14/16 (b)

    2,857,000        2,900,272   

Rogers Communications, Inc.

   

6.800%, 08/15/18

    800,000        900,168   

Telefonica Emisiones S.A.U.

   

6.221%, 07/03/17

    1,400,000        1,501,474   

Verizon Communications, Inc.

   

4.600%, 04/01/21

    2,400,000        2,590,103   

5.150%, 09/15/23

    3,510,000        3,873,169   

6.100%, 04/15/18

    1,600,000        1,767,001   

6.550%, 09/15/43

    3,304,000        3,890,802   

Verizon New York, Inc.

   

7.375%, 04/01/32

    500,000        581,064   

Vodafone Group plc

   

6.150%, 02/27/37

    2,170,000        2,359,905   
   

 

 

 
      40,259,146   
   

 

 

 

Transportation—0.5%

   

Burlington Northern Santa Fe LLC

   

4.150%, 04/01/45

    3,900,000        3,611,241   

CSX Corp.

   

6.150%, 05/01/37

    1,600,000        1,885,445   

7.900%, 05/01/17

    500,000        550,318   

FedEx Corp.

   

8.000%, 01/15/19

    675,000        801,461   

Norfolk Southern Corp.

   

3.000%, 04/01/22

    1,911,000        1,898,708   

5.590%, 05/17/25

    28,000        32,130   

Union Pacific Corp.

   

6.625%, 02/01/29

    1,200,000        1,602,839   

United Parcel Service, Inc.

   

5.125%, 04/01/19 (b)

    760,000        849,024   
   

 

 

 
      11,231,166   
   

 

 

 

Total Corporate Bonds & Notes (Cost $636,213,711)

      639,297,696   
   

 

 

 
Foreign Government—2.0%   

Electric—0.1%

  

Hydro-Quebec

   

7.500%, 04/01/16

    1,350,000        1,393,119   

8.400%, 01/15/22

    1,000,000        1,324,863   
   

 

 

 
      2,717,982   
   

 

 

 

 

MSF-14


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Foreign Government—(Continued)

 

Security Description   Principal
Amount*
    Value  

Provincial—0.4%

   

Province of British Columbia Canada

   

2.000%, 10/23/22

    1,970,000      $ 1,968,242   

Province of Nova Scotia Canada

   

5.125%, 01/26/17

    900,000        949,793   

9.250%, 03/01/20

    250,000        321,279   

Province of Ontario Canada

   

2.450%, 06/29/22

    4,000,000        4,056,282   

4.400%, 04/14/20 (b)

    2,100,000        2,341,161   

Province of Quebec Canada

   

7.500%, 07/15/23

    350,000        468,734   
   

 

 

 
      10,105,491   
   

 

 

 

Sovereign—1.5%

   

Brazilian Government International Bond

   

6.000%, 01/17/17 (b)

    3,755,000        3,901,445   

Canada Government International Bond

   

1.625%, 02/27/19 (b)

    4,000,000        4,061,976   

Colombia Government International Bond

   

8.125%, 05/21/24 (b)

    1,500,000        1,845,000   

Mexico Government International Bonds

   

5.750%, 10/12/10

    4,100,000        3,854,000   

6.750%, 09/27/34

    1,050,000        1,265,250   

8.000%, 09/24/22

    2,200,000        2,805,000   

Panama Government International Bond

   

5.200%, 01/30/20

    1,370,000        1,489,875   

Peruvian Government International Bond

   

8.750%, 11/21/33

    1,450,000        2,044,500   

Philippine Government International Bond

   

5.000%, 01/13/37

    1,740,000        1,996,650   

Republic of Korea

   

7.125%, 04/16/19

    4,900,000        5,795,808   

Turkey Government International Bonds

   

3.250%, 03/23/23 (b)

    2,350,000        2,091,500   

6.250%, 09/26/22

    1,607,000        1,718,381   

7.375%, 02/05/25 (b)

    1,473,000        1,683,831   
   

 

 

 
      34,553,216   
   

 

 

 

Total Foreign Government
(Cost $47,371,180)

      47,376,689   
   

 

 

 
Mortgage-Backed Securities—1.5%   

Commercial Mortgage-Backed Securities—1.5%

  

Bear Stearns Commercial Mortgage Securities Trust

   

5.540%, 09/11/41

    867,864        885,070   

5.694%, 06/11/50 (a)

    1,500,000        1,585,186   

Citigroup Commercial Mortgage Trust

   

5.431%, 10/15/49

    1,498,670        1,538,731   

5.973%, 03/15/49 (a)

    1,411,915        1,426,431   

Commercial Mortgage Trust

   

3.838%, 09/10/47

    3,800,000        4,042,580   

5.989%, 12/10/49 (a)

    2,400,000        2,546,533   

Freddie Mac Multifamily Structured Pass-Through Certificates

   

2.902%, 08/25/20

    2,138,509        2,197,360   

3.060%, 07/25/23 (a)

    4,800,000        5,006,496   

Commercial Mortgage-Backed Securities—(Continued)

  

GS Mortgage Securities Trust

   

3.135%, 06/10/46

    2,935,000      2,996,357   

3.377%, 05/10/45

    2,750,000        2,886,855   

4.243%, 08/10/46

    966,000        1,055,719   

JPMorgan Chase Commercial Mortgage Securities Trust

   

5.420%, 01/15/49

    2,327,680        2,407,670   

5.440%, 06/12/47

    836,823        864,079   

LB-UBS Commercial Mortgage Trust

   

5.156%, 02/15/31

    937,009        938,440   

Morgan Stanley Capital I Trust

   

5.809%, 12/12/49

    2,381,436        2,530,649   

5.821%, 06/11/42 (a)

    1,982,387        2,095,334   

6.114%, 06/11/49 (a)

    1,209,721        1,279,004   

WF-RBS Commercial Mortgage Trust

   

3.488%, 06/15/46

    1,054,000        1,078,805   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $37,078,586)

      37,361,299   
   

 

 

 
Asset-Backed Securities—0.6%   

Asset-Backed - Automobile—0.3%

  

Capital Auto Receivables Asset Trust

   

1.610%, 06/20/19

    830,000        832,370   

1.970%, 01/21/20

    2,000,000        2,015,826   

CarMax Auto Owner Trust

   

0.970%, 04/16/18

    2,244,059        2,244,759   

Honda Auto Receivables Owner Trust

   

0.770%, 05/15/17

    189,502        189,523   

Nissan Auto Receivables Owner Trust

   

0.750%, 07/15/19

    1,253,000        1,250,924   

Volkswagen Auto Loan Enhanced Trust

   

0.950%, 04/22/19

    1,252,000        1,244,016   
   

 

 

 
      7,777,418   
   

 

 

 

Asset-Backed - Credit Card—0.3%

   

Capital One Multi-Asset Execution Trust

   

5.750%, 07/15/20

    1,960,000        2,134,083   

Citibank Credit Card Issuance Trust

   

2.880%, 01/23/23

    4,924,000        5,140,927   
   

 

 

 
      7,275,010   
   

 

 

 

Asset-Backed - Home Equity—0.0%

   

Centex Home Equity Loan Trust

   

4.250%, 12/25/31

    54,794        54,845   
   

 

 

 

Total Asset-Backed Securities
(Cost $14,978,068)

      15,107,273   
   

 

 

 
Municipals—0.6%   

Los Angeles Community College District, Build America Bonds

   

6.750%, 08/01/49

    2,210,000        3,051,282   

Los Angeles, Unified School District, Build America Bonds

   

6.758%, 07/01/34

    2,160,000        2,850,811   

 

MSF-15


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Municipals—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Municipal Electric Authority of Georgia, Build America Bonds

   

6.637%, 04/01/57

    2,000,000      $ 2,344,300   

Oregon School Boards Association, Build America Bonds

   

5.680%, 06/30/28

    1,900,000        2,298,734   

State of California, Build America Bonds

   

7.300%, 10/01/39

    2,000,000        2,771,020   

State of Illinois, Build America Bonds

   

5.100%, 06/01/33

    1,230,000        1,152,264   
   

 

 

 

Total Municipals
(Cost $12,090,763)

      14,468,411   
   

 

 

 
Short-Term Investments—2.7%   

Discount Notes—0.7%

  

Federal Home Loan Bank

   

0.009%, 10/07/15 (c)

    2,200,000        2,199,997   

0.029%, 10/23/15 (c)

    2,900,000        2,899,947   

0.075%, 11/27/15 (c)

    6,500,000        6,499,228   

0.141%, 11/25/15 (c)

    4,500,000        4,499,028   
   

 

 

 
      16,098,200   
   

 

 

 

Mutual Fund—2.0%

  

State Street Navigator Securities Lending MET Portfolio (d)

    49,272,405        49,272,405   
   

 

 

 

Total Short-Term Investments
(Cost $65,370,605)

      65,370,605   
   

 

 

 

Total Investments—101.8%
(Cost $2,399,954,073) (e)

      2,474,460,505   

Other assets and liabilities (net)—(1.8)%

      (43,815,474
   

 

 

 
Net Assets—100.0%     $ 2,430,645,031   
   

 

 

 

 

* 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, 2015. Maturity date shown for callable securities reflects the earliest possible call date.
(b) All or a portion of the security was held on loan. As of September 30, 2015, the market value of securities loaned was $78,193,073 and the collateral received consisted of cash in the amount of $49,272,405 and non-cash collateral with a value of $31,278,676. 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 on loan as of September 30, 2015.
(e) As of September 30, 2015, the aggregate cost of investments was $2,399,954,073. The aggregate unrealized appreciation and depreciation of investments were $104,700,657 and $(30,194,225), respectively, resulting in net unrealized appreciation of $74,506,432.
(ACES)— Alternative Credit Enhancement Securities
(ARM)— Adjustable-Rate Mortgage

 

MSF-16


Table of Contents

Metropolitan Series Fund

Barclays Aggregate Bond Index Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —         $ 1,655,478,532      $ —         $ 1,655,478,532   

Total Corporate Bonds & Notes*

     —           639,297,696        —           639,297,696   

Total Foreign Government*

     —           47,376,689        —           47,376,689   

Total Mortgage-Backed Securities*

     —           37,361,299        —           37,361,299   

Total Asset-Backed Securities*

     —           15,107,273        —           15,107,273   

Total Municipals

     —           14,468,411        —           14,468,411   
Short-Term Investments           

Discount Notes

     —           16,098,200        —           16,098,200   

Mutual Fund

     49,272,405         —          —           49,272,405   

Total Short-Term Investments

     49,272,405         16,098,200        —           65,370,605   

Total Investments

   $ 49,272,405       $ 2,425,188,100      $ —         $ 2,474,460,505   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (49,272,405   $ —         $ (49,272,405

 

* 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, 2015 (Unaudited)

U.S. Treasury & Government Agencies—57.6% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—43.6%

  

Fannie Mae 15 Yr. Pool

   

2.500%, 01/01/30

    1,856,855      $ 1,896,505   

2.500%, 06/01/30

    2,146,131        2,192,533   

2.500%, 07/01/30

    2,520,644        2,574,907   

2.500%, 08/01/30

    6,268,141        6,401,819   

2.500%, 09/01/30

    2,293,079        2,341,928   

2.500%, TBA (a)

    20,754,000        21,150,835   

3.000%, 11/01/28

    5,357,553        5,600,494   

3.000%, 12/01/28

    1,367,162        1,429,603   

3.000%, 01/01/29

    610,113        638,131   

3.000%, 04/01/29

    1,924,994        2,012,289   

3.000%, 05/01/29

    3,361,752        3,513,882   

3.000%, 08/01/29

    3,620,192        3,784,918   

3.000%, 09/01/29

    1,184,764        1,239,266   

3.000%, 03/01/30

    1,778,681        1,860,674   

3.000%, 04/01/30

    1,492,037        1,559,883   

3.000%, 05/01/30

    2,090,364        2,186,146   

3.000%, 07/01/30

    10,703,889        11,192,359   

3.000%, 08/01/30

    8,210,012        8,581,474   

3.000%, 09/01/30

    3,333,216        3,487,481   

3.000%, TBA (a)

    3,600,000        3,742,734   

3.500%, 11/01/25

    2,386,491        2,541,137   

3.500%, 08/01/26

    1,945,873        2,056,506   

3.500%, 08/01/28

    1,182,338        1,258,760   

3.500%, 10/01/28

    5,258,655        5,598,882   

3.500%, 11/01/28

    6,209,720        6,611,044   

3.500%, 02/01/29

    12,651,162        13,452,360   

3.500%, 04/01/29

    2,629,871        2,779,047   

3.500%, 05/01/29

    6,001,107        6,353,146   

3.500%, 06/01/29

    3,913,376        4,166,350   

3.500%, 07/01/29

    14,317,177        15,245,175   

3.500%, 09/01/29

    369,521        393,500   

3.500%, 12/01/29

    17,592,803        18,764,061   

3.500%, 08/01/30

    1,589,912        1,695,870   

4.000%, 01/01/25

    25,111        26,428   

4.000%, 02/01/25

    5,455,941        5,798,751   

4.000%, 09/01/25

    954,784        1,016,373   

4.000%, 10/01/25

    2,751,068        2,904,539   

4.000%, 01/01/26

    838,191        892,557   

4.000%, 04/01/26

    556,567        592,806   

4.000%, 07/01/26

    2,463,923        2,623,987   

4.000%, 08/01/26

    1,225,988        1,305,555   

4.500%, 12/01/20

    1,413,519        1,470,594   

4.500%, 02/01/25

    1,055,927        1,134,709   

4.500%, 04/01/25

    189,493        203,625   

4.500%, 07/01/25

    690,552        738,300   

4.500%, 06/01/26

    14,297,509        15,281,974   

4.500%, TBA (a)

    12,900,000        13,366,618   

Fannie Mae 20 Yr. Pool

   

5.000%, 05/01/23

    4,650        5,119   

Fannie Mae 30 Yr. Pool

   

3.000%, 12/01/42

    3,365,470        3,423,069   

3.000%, 01/01/43

    7,215,245        7,336,837   

3.000%, 02/01/43

    13,209,887        13,436,599   

3.000%, 03/01/43

    27,390,489        27,847,426   

3.000%, 04/01/43

    18,679,526        18,992,221   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

3.000%, 05/01/43

    25,756,178      26,195,386   

3.000%, 06/01/43

    3,229,964        3,287,299   

3.000%, TBA (a)

    13,058,000        13,205,923   

3.500%, 01/01/42

    256,782        269,496   

3.500%, 04/01/42

    87,208        91,903   

3.500%, 06/01/42

    1,114,072        1,171,109   

3.500%, 10/01/42

    456,864        482,009   

3.500%, 12/01/42

    230,933        243,334   

3.500%, 01/01/43

    1,416,154        1,494,105   

3.500%, 02/01/43

    2,228,319        2,341,001   

3.500%, 03/01/43

    5,568,733        5,868,384   

3.500%, 04/01/43

    90,708        95,770   

3.500%, 07/01/43

    16,446,910        17,322,538   

3.500%, 08/01/43

    10,965,866        11,526,372   

3.500%, 09/01/43

    193,770        202,322   

3.500%, 10/01/43

    210,481        222,231   

3.500%, 11/01/43

    2,015,201        2,117,036   

3.500%, 01/01/44

    2,364,690        2,486,049   

3.500%, 06/01/44

    505,278        531,334   

3.500%, 07/01/44

    424,664        446,769   

3.500%, 08/01/44

    3,217,769        3,386,268   

3.500%, 09/01/44

    868,911        915,328   

3.500%, 03/01/45

    8,325,905        8,711,764   

3.500%, 04/01/45

    6,633,691        6,941,126   

3.500%, 06/01/45

    3,930,005        4,113,059   

3.500%, 07/01/45

    13,604,830        14,238,522   

3.500%, 09/01/45 (b)

    252,050,801        263,212,638   

4.000%, 06/01/39

    1,521,646        1,624,177   

4.000%, 12/01/39

    151,273        161,466   

4.000%, 06/01/41

    5,658,459        6,049,007   

4.000%, 10/01/41

    600,337        640,789   

4.000%, 02/01/42

    1,972,630        2,109,153   

4.000%, 05/01/42

    971,383        1,054,174   

4.000%, 07/01/42

    4,193,968        4,551,404   

4.000%, 09/01/42

    376,037        402,044   

4.000%, 12/01/42

    1,737,603        1,857,784   

4.000%, 11/01/43

    5,543,193        6,014,652   

4.000%, 01/01/44

    3,913,061        4,246,648   

4.000%, 02/01/44

    3,601,715        3,908,767   

4.000%, 05/01/44

    7,724,225        8,363,219   

4.000%, 07/01/44

    425,566        456,660   

4.000%, 12/01/44

    3,004,610        3,244,358   

4.000%, 01/01/45

    555,927        601,523   

4.000%, 02/01/45

    203,984        221,470   

4.000%, 03/01/45

    1,770,392        1,906,480   

4.000%, 04/01/45

    1,194,424        1,293,307   

4.000%, 05/01/45

    1,455,392        1,562,354   

4.000%, 10/01/45

    11,752,642        12,559,233   

4.000%, TBA (a)

    36,666,000        39,039,275   

4.500%, 08/01/39

    3,502,549        3,808,531   

4.500%, 11/01/39

    491,836        539,113   

4.500%, 01/01/40

    69,929        77,257   

4.500%, 04/01/40

    171,883        189,573   

4.500%, 05/01/40

    440,833        482,966   

4.500%, 06/01/40

    477,732        523,447   

 

MSF-18


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

4.500%, 07/01/40

    882,710      $ 957,888   

4.500%, 08/01/40

    5,980,068        6,496,542   

4.500%, 11/01/40

    1,785,537        1,939,834   

4.500%, 07/01/41

    480,032        521,594   

4.500%, 08/01/41

    274,024        297,980   

4.500%, 09/01/41

    1,322,175        1,438,065   

4.500%, 10/01/41

    8,814,443        9,589,464   

4.500%, 01/01/42

    355,132        386,048   

4.500%, 06/01/42

    254,841        276,291   

4.500%, 08/01/42

    1,920,509        2,088,439   

4.500%, 09/01/42

    6,037,177        6,555,597   

4.500%, 08/01/43

    384,379        417,217   

4.500%, 09/01/43

    24,439,152        26,538,631   

4.500%, 10/01/43

    3,869,883        4,202,456   

4.500%, 12/01/43

    3,722,343        4,042,534   

4.500%, 01/01/44

    6,351,422        6,954,921   

4.500%, 02/01/44

    1,197,700        1,299,004   

4.500%, 03/01/44

    5,117,122        5,554,111   

4.500%, TBA (a)

    10,700,000        11,598,967   

5.000%, 11/01/32

    15,035        16,600   

5.000%, 03/01/33

    15,204        16,831   

5.000%, 04/01/33

    664,363        733,965   

5.000%, 06/01/33

    1,472,510        1,629,969   

5.000%, 07/01/33

    10,381,468        11,492,618   

5.000%, 08/01/33

    18,619,659        20,614,711   

5.000%, 09/01/33

    15,120,034        16,710,736   

5.000%, 11/01/33

    642,970        711,785   

5.000%, 12/01/33

    259,760        287,559   

5.000%, 02/01/34

    101,908        112,812   

5.000%, 03/01/34

    78,286        86,671   

5.000%, 04/01/34

    27,196        30,076   

5.000%, 06/01/34

    47,413        52,396   

5.000%, 07/01/34

    4,982,554        5,514,895   

5.000%, 10/01/34

    2,045,528        2,264,531   

5.000%, 12/01/34

    73,750        81,648   

5.000%, 04/01/35

    8,533        9,447   

5.000%, 07/01/35

    1,191,286        1,318,973   

5.000%, 09/01/35

    11,098        12,287   

5.000%, 10/01/35

    3,810,767        4,217,035   

5.000%, 12/01/35

    1,185,502        1,312,208   

5.000%, 08/01/36

    1,102,706        1,220,789   

5.000%, 07/01/37

    602,157        666,539   

5.000%, 04/01/41

    80,580        88,768   

5.000%, 07/01/41

    733,142        813,544   

5.000%, 08/01/41

    834,990        922,460   

5.000%, 01/01/42

    312,724        345,487   

5.000%, TBA (a)

    3,900,000        4,297,084   

5.500%, 11/01/32

    2,255,364        2,538,312   

5.500%, 12/01/32

    362,264        407,832   

5.500%, 01/01/33

    1,417,188        1,596,350   

5.500%, 12/01/33

    461,104        518,179   

5.500%, 05/01/34

    3,683,722        4,148,130   

5.500%, 08/01/37

    3,850,146        4,327,457   

5.500%, 02/01/38

    607,275        688,308   

5.500%, 03/01/38

    402,981        454,239   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

5.500%, 04/01/38

    426,721      476,130   

5.500%, 06/01/38

    488,052        553,184   

5.500%, 12/01/38

    532,315        593,731   

5.500%, 08/01/39

    557,853        623,051   

5.500%, 03/01/40

    611,540        682,843   

5.500%, 04/01/40

    197,825        220,965   

5.500%, 04/01/41

    595,984        667,503   

6.000%, 02/01/34

    406,992        464,206   

6.000%, 08/01/34

    312,087        355,223   

6.000%, 04/01/35

    4,817,751        5,491,779   

6.000%, 06/01/36

    745,504        846,658   

6.000%, 02/01/38

    995,849        1,131,690   

6.000%, 03/01/38

    374,159        425,364   

6.000%, 05/01/38

    1,181,319        1,343,002   

6.000%, 10/01/38

    1,488,618        1,684,249   

6.000%, 12/01/38

    446,813        505,407   

6.000%, 04/01/40

    4,722,239        5,334,088   

6.000%, 09/01/40

    490,917        553,665   

6.000%, 06/01/41

    1,028,177        1,163,576   

6.000%, TBA (a)

    4,400,000        4,961,793   

6.500%, 05/01/40

    6,958,569        7,949,298   

Fannie Mae ARM Pool

   

2.528%, 08/01/38 (c)

    825,929        883,462   

2.960%, 03/01/41 (c)

    515,522        549,041   

3.135%, 03/01/41 (c)

    795,950        846,402   

3.158%, 12/01/40 (c)

    1,384,253        1,460,307   

3.352%, 06/01/41 (c)

    2,617,895        2,773,947   

3.516%, 09/01/41 (c)

    2,047,472        2,171,712   

Fannie Mae REMICS (CMO)

   

5.000%, 04/25/35

    187,769        201,696   

Fannie Mae-ACES

   

0.244%, 08/25/24 (c) (d)

    117,971,274        1,385,101   

3.021%, 08/25/24 (c)

    890,000        920,175   

Freddie Mac 15 Yr. Gold Pool

   

2.500%, 08/01/29

    1,848,484        1,888,901   

2.500%, 12/01/29

    511,157        523,432   

2.500%, 07/01/30

    1,170,728        1,195,437   

2.500%, 08/01/30

    3,355,049        3,426,031   

2.500%, 09/01/30

    4,303,298        4,392,122   

2.500%, TBA (a)

    7,774,000        7,924,931   

3.000%, 01/01/30

    1,465,605        1,529,572   

3.000%, 04/01/30

    6,481,348        6,770,342   

3.000%, 05/01/30

    1,094,153        1,143,738   

3.000%, 06/01/30

    44,960        46,957   

3.000%, 07/01/30

    2,437,163        2,544,567   

3.000%, 08/01/30

    3,617,940        3,776,751   

Freddie Mac 30 Yr. Gold Pool

   

3.000%, 01/01/43

    2,527,870        2,564,051   

3.000%, 03/01/43

    5,734,986        5,815,129   

3.000%, 04/01/43

    23,815,487        24,145,963   

3.000%, 07/01/43

    16,429,543        16,687,140   

3.000%, 08/01/43

    10,085,575        10,229,345   

3.500%, 04/01/42

    2,622,558        2,750,219   

3.500%, 08/01/42

    1,656,141        1,740,873   

3.500%, 02/01/43

    534,140        561,475   

 

MSF-19


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

3.500%, 07/01/43

    3,788,392      $ 3,986,041   

3.500%, 12/01/43

    2,297,690        2,417,578   

3.500%, 01/01/44

    740,006        777,580   

3.500%, 04/01/44

    207,598        217,727   

3.500%, 05/01/44

    802,768        842,412   

3.500%, 06/01/44

    226,901        237,953   

3.500%, 07/01/44

    156,724        164,748   

3.500%, 08/01/44

    730,217        765,848   

3.500%, 09/01/44

    1,322,924        1,388,481   

3.500%, 08/01/45

    71,075,887        74,033,831   

3.500%, 09/01/45

    11,721,801        12,216,976   

3.500%, TBA (a)

    1,426,000        1,483,709   

4.000%, 10/01/40

    242,051        260,619   

4.000%, 11/01/40

    1,101,705        1,179,667   

4.000%, 10/01/41

    1,004,970        1,079,333   

4.000%, 09/01/43

    621,556        671,404   

4.000%, 04/01/44

    1,395,207        1,501,507   

4.000%, 08/01/44

    5,202,354        5,625,833   

4.000%, 01/01/45

    15,369,414        16,380,855   

4.000%, 02/01/45

    493,254        529,485   

4.000%, 09/01/45

    2,140,800        2,321,047   

4.000%, 10/01/45

    4,359,000        4,648,635   

4.000%, TBA (a)

    32,957,000        35,015,905   

4.500%, 02/01/39

    2,576,376        2,789,697   

4.500%, 12/01/39

    508,572        551,103   

4.500%, 07/01/40

    170,356        184,755   

4.500%, 05/01/41

    3,284,396        3,563,387   

4.500%, 05/01/42

    87,828        95,488   

4.500%, 09/01/43

    2,454,901        2,663,137   

4.500%, 10/01/43

    1,635,171        1,772,126   

4.500%, 11/01/43

    3,901,693        4,223,287   

4.500%, 12/01/43

    3,718,161        4,072,664   

4.500%, 04/01/44

    1,485,511        1,608,481   

4.500%, 07/01/44

    1,492,139        1,619,354   

4.500%, 09/01/44

    5,875,320        6,370,307   

4.500%, 10/01/44

    967,956        1,050,755   

4.500%, 07/01/45

    6,480,848        7,035,712   

4.500%, TBA (a)

    3,213,000        3,477,068   

5.000%, 10/01/41

    1,266,269        1,396,316   

5.000%, 11/01/41

    11,719,186        12,914,704   

5.000%, TBA (a)

    13,200,000        14,460,188   

5.500%, 09/01/39

    379,647        420,903   

5.500%, 01/01/40

    459,761        509,796   

5.500%, 07/01/40

    742,519        823,536   

5.500%, 06/01/41

    5,260,084        5,823,776   

5.500%, TBA (a)

    2,300,000        2,549,227   

Freddie Mac ARM Non-Gold Pool

   

2.999%, 02/01/41 (c)

    1,090,611        1,162,094   

Ginnie Mae (CMO)

   

0.825%, 08/16/41 (d)

    7,452,980        175,844   

0.914%, 02/16/53 (c) (d)

    25,204,308        1,667,063   

1.000%, 02/16/39 (d)

    9,800,816        214,477   

Ginnie Mae I 30 Yr. Pool

   

3.500%, 02/15/42

    345,401        364,172   

3.500%, 04/15/42

    593,201        625,505   

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

3.500%, 05/15/42

    467,540      489,773   

3.500%, 08/15/42

    749,801        788,343   

3.500%, 11/15/42

    573,525        602,322   

3.500%, 12/15/42

    1,633,247        1,717,881   

3.500%, 01/15/43

    670,033        701,849   

3.500%, 02/15/43

    1,121,040        1,177,443   

3.500%, 03/15/43

    562,321        590,576   

3.500%, 04/15/43

    2,205,527        2,325,372   

3.500%, 05/15/43

    3,959,390        4,164,552   

3.500%, 06/15/43

    1,034,574        1,090,802   

3.500%, 07/15/43

    3,374,511        3,557,803   

4.000%, 01/15/41

    2,743,389        2,932,345   

4.000%, 03/15/41

    2,157,413        2,305,957   

4.000%, 12/15/41

    27,239        29,061   

4.000%, 05/15/42

    150,953        161,091   

4.500%, 02/15/42

    22,443,796        24,360,517   

5.000%, 12/15/38

    605,465        670,996   

5.000%, 07/15/39

    1,607,855        1,781,939   

5.000%, 12/15/40

    2,048,902        2,270,736   

5.000%, TBA (a)

    26,700,000        29,340,796   

5.500%, 04/15/33

    51,497        58,792   

5.500%, TBA (a)

    12,500,000        13,977,784   

6.500%, 04/15/33

    52,844        60,592   

8.500%, 01/15/17

    1,274        1,279   

8.500%, 05/15/17

    295        296   

8.500%, 05/15/22

    1,136        1,192   

9.000%, 10/15/16

    663        666   

Ginnie Mae II 30 Yr. Pool

   

3.000%, 07/20/45

    36,696,705        37,502,322   

3.000%, 09/20/45

    16,565,000        16,928,658   

3.000%, TBA (a)

    4,258,000        4,345,073   

3.500%, 10/20/42

    724,813        761,816   

3.500%, 01/20/43

    643,334        676,178   

3.500%, 04/20/43

    556,296        584,569   

3.500%, 08/20/45

    84,568,659        88,758,878   

4.000%, 09/20/40

    201,703        216,756   

4.000%, 10/20/40

    378,450        406,694   

4.000%, 12/20/40

    5,364,998        5,765,394   

4.000%, 01/20/41

    4,016,707        4,316,478   

4.000%, 02/20/41

    71,423        76,743   

4.000%, 07/20/43

    369,907        395,481   

4.000%, 02/20/44

    33,430,698        35,710,602   

4.000%, 08/20/44

    1,329,644        1,436,018   

4.000%, TBA (a)

    19,498,000        20,747,479   

4.500%, 12/20/39

    177,503        192,981   

4.500%, 01/20/40

    216,534        235,416   

4.500%, 02/20/40

    173,900        189,065   

4.500%, 05/20/40

    12,327        13,402   

4.500%, 08/20/40

    429,902        467,394   

4.500%, 05/20/41

    22,849,892        24,842,763   

4.500%, 06/20/41

    2,231,303        2,425,914   

4.500%, 07/20/41

    1,380,143        1,500,517   

4.500%, 11/20/41

    200,000        217,876   

4.500%, TBA (a)

    670,000        719,727   

5.000%, 10/20/33

    1,649,815        1,829,842   

 

MSF-20


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool

   

5.000%, 10/20/39

    672,514      $ 747,362   
   

 

 

 
      1,712,706,979   
   

 

 

 

U.S. Treasury—14.0%

  

U.S. Treasury Bond

   

2.875%, 08/15/45 (e) (f)

    64,155,000        64,123,243   

U.S. Treasury Inflation Indexed Note

   

0.250%, 01/15/25 (e) (g) (h)

    129,057,741        123,698,876   

U.S. Treasury Notes

   

0.625%, 09/30/17

    1,540,000        1,539,278   

1.000%, 09/15/18 (f)

    129,400,000        129,696,585   

1.375%, 08/31/20 (f)

    58,185,000        58,253,193   

1.375%, 09/30/20

    69,460,000        69,443,746   

1.625%, 11/15/22

    200        198   

1.875%, 08/31/22

    60,945,000        61,460,839   

2.000%, 08/15/25

    43,255,000        43,026,354   
   

 

 

 
      551,242,312   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $2,255,785,229)

   

    2,263,949,291   
   

 

 

 
Corporate Bonds & Notes—28.7%   

Advertising—0.1%

  

Interpublic Group of Cos., Inc. (The)

   

3.750%, 02/15/23

    1,191,000        1,167,985   

4.000%, 03/15/22

    1,468,000        1,480,366   

Omnicom Group, Inc.

   

3.650%, 11/01/24

    750,000        736,490   
   

 

 

 
      3,384,841   
   

 

 

 

Aerospace/Defense—0.3%

  

Boeing Co. (The)

   

2.350%, 10/30/21

    844,000        842,352   

Harris Corp.

   

2.700%, 04/27/20

    706,000        698,570   

Lockheed Martin Corp.

   

3.600%, 03/01/35

    1,121,000        1,028,717   

4.070%, 12/15/42

    1,100,000        1,040,988   

Northrop Grumman Corp.

   

3.850%, 04/15/45

    2,495,000        2,245,435   

Raytheon Co.

   

3.150%, 12/15/24

    593,000        599,391   

United Technologies Corp.

   

1.778%, 05/04/18 (c)

    4,852,000        4,842,645   

4.150%, 05/15/45

    1,296,000        1,257,510   
   

 

 

 
      12,555,608   
   

 

 

 

Agriculture—0.4%

  

Altria Group, Inc.

   

2.625%, 01/14/20

    1,684,000        1,701,901   

2.850%, 08/09/22

    1,218,000        1,190,014   

4.250%, 08/09/42

    713,000        659,096   

Agriculture—(Continued)

  

Philip Morris International, Inc.

   

1.125%, 08/21/17

    3,344,000      3,342,933   

4.125%, 03/04/43

    1,129,000        1,068,437   

4.875%, 11/15/43

    1,712,000        1,813,059   

Reynolds American, Inc.

   

2.300%, 06/12/18

    1,321,000        1,335,210   

3.250%, 06/12/20

    1,041,000        1,070,703   

3.250%, 11/01/22

    1,692,000        1,683,371   

3.750%, 05/20/23 (144A)

    625,000        627,830   

4.750%, 11/01/42

    1,129,000        1,083,321   
   

 

 

 
      15,575,875   
   

 

 

 

Airlines—0.2%

  

American Airlines Group, Inc.

   

4.625%, 03/01/20 (144A)

    2,214,000        2,158,650   

American Airlines Pass-Through Trust

   

3.375%, 11/01/28

    4,867,000        4,772,094   

Southwest Airlines Co.

   

2.750%, 11/06/19

    1,032,000        1,051,596   

Turkish Airlines Pass-Through Trust

   

4.200%, 09/15/28 (144A)

    1,337,744        1,304,300   

United Airlines Pass-Through Trust

   

4.750%, 10/11/23

    419,000        419,000   
   

 

 

 
      9,705,640   
   

 

 

 

Auto Manufacturers—1.2%

  

Daimler Finance North America LLC

   

2.250%, 03/02/20 (144A) (i)

    5,111,000        4,959,438   

2.450%, 05/18/20 (144A)

    3,587,000        3,506,454   

Ford Motor Credit Co. LLC

   

1.724%, 12/06/17

    10,774,000        10,701,846   

2.145%, 01/09/18

    2,592,000        2,583,179   

4.250%, 09/20/22

    1,943,000        2,003,309   

General Motors Financial Co., Inc.

   

2.625%, 07/10/17 (i)

    7,150,000        7,166,574   

2.750%, 05/15/16

    3,899,000        3,922,901   

3.450%, 04/10/22

    2,111,000        2,030,541   

4.000%, 01/15/25

    3,421,000        3,239,684   

4.750%, 08/15/17

    4,715,000        4,894,142   

Toyota Motor Credit Corp.

   

2.750%, 05/17/21

    3,187,000        3,245,169   
   

 

 

 
      48,253,237   
   

 

 

 

Auto Parts & Equipment—0.2%

  

BorgWarner, Inc.

   

3.375%, 03/15/25 (i)

    1,561,000        1,528,476   

Samvardhana Motherson Automotive Systems Group B.V.

   

4.125%, 07/15/21 (EUR)

    103,000        103,372   

Schaeffler Holding Finance B.V.

   

5.750%, 11/15/21 (EUR) (j)

    100,000        119,048   

6.750%, 11/15/22 (144A) (i) (j)

    3,850,000        4,138,750   
   

 

 

 
      5,889,646   
   

 

 

 

 

MSF-21


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—7.3%

  

Abbey National Treasury Services plc

   

2.375%, 03/16/20 (i)

    5,204,000      $ 5,226,918   

Banco Bilbao Vizcaya Argentaria S.A.

   

7.000%, 02/19/19 (EUR) (c)

    200,000        217,334   

Bank of America Corp.

   

2.250%, 04/21/20

    8,907,000        8,775,452   

3.300%, 01/11/23

    4,183,000        4,151,017   

3.875%, 08/01/25

    7,836,000        7,944,850   

3.950%, 04/21/25

    5,075,000        4,937,138   

4.000%, 01/22/25

    3,887,000        3,809,513   

4.875%, 04/01/44

    494,000        512,805   

6.100%, 03/17/25 (c)

    1,313,000        1,280,175   

Bank of Ireland

   

4.250%, 06/11/24 (EUR) (c)

    100,000        112,987   

Bank of New York Mellon Corp. (The)

   

2.100%, 01/15/19

    3,885,000        3,919,736   

3.000%, 02/24/25

    3,180,000        3,125,876   

Bank of Nova Scotia (The)

   

1.300%, 07/21/17 (i)

    10,495,000        10,506,618   

2.800%, 07/21/21

    5,038,000        5,088,204   

Bankia S.A.

   

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

    200,000        215,440   

Barclays plc

   

2.750%, 11/08/19

    3,891,000        3,916,268   

2.875%, 06/08/20 (144A) (i)

    3,526,000        3,525,637   

3.650%, 03/16/25

    2,075,000        1,981,098   

BB&T Corp.

   

2.450%, 01/15/20

    2,395,000        2,417,690   

Branch Banking & Trust Co.

   

2.300%, 10/15/18

    2,160,000        2,190,005   

Capital One Financial Corp.

   

5.550%, 06/01/20 (c)

    2,044,000        2,018,450   

Capital One N.A.

   

2.400%, 09/05/19

    250,000        248,360   

2.950%, 07/23/21

    6,763,000        6,694,132   

Citigroup, Inc.

   

1.800%, 02/05/18

    3,760,000        3,756,353   

2.400%, 02/18/20 (i)

    6,417,000        6,385,878   

2.500%, 09/26/18

    4,857,000        4,921,496   

2.500%, 07/29/19

    6,666,000        6,708,142   

3.500%, 05/15/23

    2,381,000        2,317,892   

3.875%, 03/26/25

    2,539,000        2,467,428   

5.900%, 02/15/23 (c) (i)

    1,100,000        1,072,500   

5.950%, 08/15/20 (c) (i)

    3,512,000        3,463,710   

5.950%, 05/15/25 (c)

    1,750,000        1,649,375   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

   

4.375%, 08/04/25 (i)

    2,756,000        2,757,976   

Credit Suisse

   

3.000%, 10/29/21

    2,270,000        2,274,681   

Credit Suisse Group Funding Guernsey, Ltd.

   

2.750%, 03/26/20 (144A)

    4,069,000        4,057,631   

4.875%, 05/15/45 (144A) (i)

    3,082,000        3,020,200   

Danske Bank A/S

   

2.750%, 09/17/20 (144A)

    3,980,000        4,011,088   

Banks—(Continued)

  

Deutsche Bank AG

   

1.875%, 02/13/18

    2,313,000      2,306,616   

Discover Bank

   

3.100%, 06/04/20

    3,764,000        3,800,436   

Goldman Sachs Group, Inc. (The)

   

2.600%, 04/23/20

    2,774,000        2,781,548   

2.625%, 01/31/19

    6,024,000        6,098,583   

2.750%, 09/15/20 (i)

    1,326,000        1,332,755   

3.500%, 01/23/25

    1,683,000        1,656,338   

3.625%, 02/07/16

    3,483,000        3,516,353   

3.750%, 05/22/25 (i)

    10,219,000        10,240,204   

4.800%, 07/08/44

    994,000        1,007,624   

5.375%, 05/10/20 (c)

    1,903,000        1,858,993   

HSBC Bank Brasil S.A. - Banco Multiplo

   

4.000%, 05/11/16 (144A) (i)

    13,340,000        13,139,900   

HSBC USA, Inc.

   

2.350%, 03/05/20

    10,058,000        9,919,793   

2.750%, 08/07/20

    3,460,000        3,472,539   

HSH Nordbank AG

   

0.776%, 02/14/17 (EUR) (c)

    100,000        89,951   

JPMorgan Chase & Co.

   

1.350%, 02/15/17

    6,065,000        6,072,884   

2.200%, 10/22/19

    2,326,000        2,314,458   

2.750%, 06/23/20

    6,912,000        6,971,153   

3.875%, 09/10/24

    5,232,000        5,182,003   

3.900%, 07/15/25

    11,394,000        11,605,040   

4.250%, 10/01/27

    1,990,000        1,981,857   

5.300%, 05/01/20 (c)

    1,900,000        1,866,750   

KeyBank N.A.

   

2.250%, 03/16/20

    1,833,000        1,827,147   

KeyCorp

   

2.900%, 09/15/20 (i)

    1,565,000        1,576,706   

Morgan Stanley

   

2.800%, 06/16/20

    4,689,000        4,715,535   

3.700%, 10/23/24

    3,417,000        3,433,299   

3.750%, 02/25/23

    6,828,000        6,993,470   

4.000%, 07/23/25

    4,970,000        5,079,305   

4.300%, 01/27/45

    2,591,000        2,462,429   

Nordea Bank AB

   

2.500%, 09/17/20 (i)

    2,277,000        2,293,251   

Novo Banco S.A.

   

4.000%, 01/21/19 (EUR)

    200,000        206,922   

Royal Bank of Canada

   

2.150%, 03/06/20 (i)

    5,056,000        5,068,372   

Royal Bank of Scotland Group plc

   

7.500%, 08/10/20 (c)

    1,549,000        1,545,608   

Santander UK Group Holdings plc

   

4.750%, 09/15/25 (144A)

    1,290,000        1,279,208   

State Street Capital Trust IV

   

1.337%, 06/01/77 (c)

    500,000        402,500   

Swedbank AB

   

2.200%, 03/04/20 (144A)

    7,374,000        7,356,199   

5.500%, 03/17/20 (c)

    200,000        190,272   

U.S. Bancorp

   

2.950%, 07/15/22

    3,937,000        3,916,756   

 

MSF-22


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

UBS Group Funding Jersey, Ltd.

   

4.125%, 09/24/25 (144A)

    1,338,000      $ 1,330,775   

Washington Mutual Bank

   

Zero Coupon, 12/13/49 (k)

    250,000        55,000   

Wells Fargo & Co.

   

2.600%, 07/22/20 (i)

    2,954,000        2,982,526   

3.550%, 09/29/25

    2,235,000        2,235,840   

3.900%, 05/01/45 (i)

    2,599,000        2,388,439   
   

 

 

 
      286,235,390   
   

 

 

 

Beverages—0.0%

  

Anheuser-Busch InBev Worldwide, Inc.

   

3.750%, 07/15/42

    860,000        738,324   

Molson Coors Brewing Co.

   

5.000%, 05/01/42

    607,000        535,220   
   

 

 

 
      1,273,544   
   

 

 

 

Biotechnology—0.5%

  

Amgen, Inc.

   

2.125%, 05/01/20 (i)

    2,559,000        2,525,602   

3.125%, 05/01/25 (i)

    2,570,000        2,460,775   

4.400%, 05/01/45

    1,277,000        1,172,493   

5.650%, 06/15/42

    1,986,000        2,223,317   

Biogen, Inc.

   

2.900%, 09/15/20

    915,000        924,260   

3.625%, 09/15/22

    1,563,000        1,575,316   

4.050%, 09/15/25

    1,315,000        1,328,391   

5.200%, 09/15/45

    1,035,000        1,044,365   

Celgene Corp.

   

2.250%, 05/15/19 (i)

    2,053,000        2,075,074   

3.250%, 08/15/22 (i)

    2,085,000        2,088,286   

Gilead Sciences, Inc.

   

2.350%, 02/01/20

    589,000        593,226   

3.650%, 03/01/26

    496,000        498,309   

4.500%, 02/01/45

    1,267,000        1,217,644   

4.600%, 09/01/35

    564,000        564,486   

4.750%, 03/01/46

    450,000        452,075   
   

 

 

 
      20,743,619   
   

 

 

 

Building Materials—0.1%

  

Building Materials Corp. of America

   

6.000%, 10/15/25 (144A)

    4,707,000        4,754,070   

Cemex Finance LLC

   

5.250%, 04/01/21 (EUR)

    100,000        110,623   
   

 

 

 
      4,864,693   
   

 

 

 

Chemicals—0.2%

  

Agrium, Inc.

   

4.125%, 03/15/35

    1,155,000        1,019,872   

Dow Chemical Co. (The)

   

4.375%, 11/15/42 (i)

    726,000        633,489   

4.625%, 10/01/44 (i)

    982,000        888,282   

Eastman Chemical Co.

   

4.800%, 09/01/42

    1,236,000        1,193,902   

Chemicals—(Continued)

  

Ecolab, Inc.

   

2.250%, 01/12/20 (i)

    1,595,000      1,597,566   

Huntsman International LLC

   

5.125%, 11/15/22 (144A) (i)

    1,320,000        1,131,900   

Monsanto Co.

   

3.600%, 07/15/42

    1,802,000        1,444,635   

Sherwin-Williams Co. (The)

   

4.000%, 12/15/42

    565,000        538,635   
   

 

 

 
      8,448,281   
   

 

 

 

Coal—0.0%

  

CONSOL Energy, Inc.

   

5.875%, 04/15/22 (i)

    1,320,000        887,700   

Peabody Energy Corp.

   

6.000%, 11/15/18 (i)

    497,000        129,220   
   

 

 

 
      1,016,920   
   

 

 

 

Commercial Services—0.4%

  

EC Finance plc

   

5.125%, 07/15/21 (EUR)

    100,000        112,596   

MasterCard, Inc.

   

3.375%, 04/01/24 (i)

    2,285,000        2,335,846   

Moody’s Corp.

   

4.500%, 09/01/22

    1,667,000        1,756,668   

TMF Group Holding B.V.

   

9.875%, 12/01/19 (EUR)

    250,000        296,155   

United Rentals North America, Inc.

   

5.750%, 11/15/24

    1,320,000        1,263,900   

7.625%, 04/15/22

    8,490,000        8,999,400   

Verisure Holding AB

   

8.750%, 12/01/18 (EUR)

    230,000        268,567   
   

 

 

 
      15,033,132   
   

 

 

 

Computers—0.7%

  

Apple, Inc.

   

2.000%, 05/06/20

    11,684,000        11,732,816   

2.100%, 05/06/19 (i)

    4,925,000        5,001,224   

3.450%, 02/09/45

    1,028,000        870,283   

Hewlett Packard Enterprise Co.

   

2.850%, 10/05/18 (144A)

    3,905,000        3,900,002   

3.600%, 10/15/20 (144A)

    3,456,000        3,455,032   

Hewlett-Packard Co.

   

3.750%, 12/01/20

    2,226,000        2,301,464   
   

 

 

 
      27,260,821   
   

 

 

 

Distribution/Wholesale—0.0%

  

HD Supply, Inc.

   

5.250%, 12/15/21 (144A)

    1,320,000        1,326,600   
   

 

 

 

Diversified Financial Services—1.1%

  

Ally Financial, Inc.

   

4.125%, 02/13/22 (i)

    4,080,000        3,932,100   

5.125%, 09/30/24 (i)

    4,165,000        4,112,937   

 

MSF-23


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Diversified Financial Services—(Continued)

  

American Express Credit Corp.

   

1.125%, 06/05/17 (i)

    7,072,000      $ 7,036,159   

2.250%, 08/15/19

    4,059,000        4,073,207   

2.375%, 05/26/20

    5,645,000        5,642,115   

Capital One Bank USA N.A.

   

2.300%, 06/05/19

    500,000        496,048   

Discover Financial Services

   

3.750%, 03/04/25

    1,439,000        1,393,597   

General Electric Capital Corp.

   

3.100%, 01/09/23

    4,902,000        5,012,138   

3.150%, 09/07/22

    3,171,000        3,267,173   

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

   

3.500%, 03/15/17

    1,030,000        1,033,214   

4.875%, 03/15/19

    1,405,000        1,407,108   

6.000%, 08/01/20

    1,660,000        1,705,650   

Jefferies Group LLC

   

6.500%, 01/20/43

    648,000        615,194   

Synchrony Financial

   

2.700%, 02/03/20

    1,079,000        1,066,791   

4.500%, 07/23/25

    2,197,000        2,214,200   
   

 

 

 
      43,007,631   
   

 

 

 

Electric—1.7%

  

Alabama Power Co.

   

2.800%, 04/01/25

    477,000        459,103   

Berkshire Hathaway Energy Co.

   

2.400%, 02/01/20

    1,104,000        1,107,949   

3.500%, 02/01/25

    1,060,000        1,065,936   

CenterPoint Energy Houston Electric LLC

   

4.500%, 04/01/44

    981,000        1,039,341   

CMS Energy Corp.

   

3.875%, 03/01/24 (i)

    3,441,000        3,524,221   

Commonwealth Edison Co.

   

4.700%, 01/15/44

    1,451,000        1,536,555   

Consumers Energy Co.

   

3.950%, 05/15/43

    894,000        878,040   

Dominion Resources, Inc.

   

1.950%, 08/15/16

    2,289,000        2,304,506   

2.500%, 12/01/19

    2,587,000        2,602,951   

DTE Electric Co.

   

3.950%, 06/15/42

    1,109,000        1,082,325   

DTE Energy Co.

   

2.400%, 12/01/19

    791,000        795,907   

3.500%, 06/01/24 (i)

    2,877,000        2,920,538   

Duke Energy Carolinas LLC

   

3.750%, 06/01/45

    1,109,000        1,049,550   

4.250%, 12/15/41

    1,865,000        1,900,200   

Duke Energy Corp.

   

3.050%, 08/15/22

    150,000        149,188   

3.750%, 04/15/24

    675,000        694,934   

Duke Energy Florida LLC

   

3.850%, 11/15/42

    1,109,000        1,058,223   

Entergy Arkansas, Inc.

   

3.700%, 06/01/24

    3,839,000        3,945,694   

Electric—(Continued)

  

Exelon Corp.

   

2.850%, 06/15/20

    1,585,000      1,598,881   

Florida Power & Light Co.

   

3.800%, 12/15/42

    867,000        827,119   

Georgia Power Co.

   

3.000%, 04/15/16

    4,476,000        4,528,879   

NiSource Finance Corp.

   

3.850%, 02/15/23

    1,958,000        2,031,300   

Pacific Gas & Electric Co.

   

4.300%, 03/15/45

    839,000        832,045   

4.750%, 02/15/44

    1,185,000        1,247,579   

PacifiCorp

   

3.350%, 07/01/25

    4,402,000        4,470,275   

3.600%, 04/01/24

    5,006,000        5,172,555   

PG&E Corp.

   

2.400%, 03/01/19

    1,634,000        1,645,124   

Progress Energy, Inc.

   

4.875%, 12/01/19

    409,000        448,177   

Public Service Co. of Colorado

   

2.500%, 03/15/23

    2,103,000        2,046,145   

Puget Sound Energy, Inc.

   

4.300%, 05/20/45

    2,377,000        2,430,685   

Southern California Edison Co.

   

1.250%, 11/01/17

    1,080,000        1,074,534   

Southern Co. (The)

   

1.950%, 09/01/16

    2,212,000        2,228,898   

Trans-Allegheny Interstate Line Co.

   

3.850%, 06/01/25 (144A)

    3,395,000        3,410,400   

Virginia Electric & Power Co.

   

3.450%, 02/15/24

    1,744,000        1,780,976   

4.200%, 05/15/45

    1,874,000        1,881,419   

4.450%, 02/15/44

    867,000        907,941   
   

 

 

 
      66,678,093   
   

 

 

 

Electronics—0.1%

  

Thermo Fisher Scientific, Inc.

   

3.300%, 02/15/22

    1,695,000        1,699,743   

Trionista Holdco GmbH

   

5.000%, 04/30/20 (EUR)

    306,000        351,149   
   

 

 

 
      2,050,892   
   

 

 

 

Energy-Alternate Sources—0.0%

  

CE Energy A/S

   

7.000%, 02/01/21 (EUR)

    200,000        230,855   
   

 

 

 

Engineering & Construction—0.0%

  

Abengoa Finance S.A.U.

   

6.000%, 03/31/21 (EUR)

    100,000        44,472   

Obrascon Huarte Lain S.A.

   

5.500%, 03/15/23 (EUR)

    200,000        189,176   
   

 

 

 
      233,648   
   

 

 

 

Entertainment—0.0%

  

Gala Group Finance plc

   

8.875%, 09/01/18 (GBP)

    90,000        142,410   

 

MSF-24


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Entertainment—(Continued)

  

Intralot Capital Luxembourg S.A.

   

6.000%, 05/15/21 (EUR)

    100,000      $ 97,605   

PortAventura Entertainment Barcelona B.V.

   

7.250%, 12/01/20 (EUR)

    310,000        353,377   

Vougeot Bidco plc

   

7.875%, 07/15/20 (GBP)

    150,000        236,847   
   

 

 

 
      830,239   
   

 

 

 

Environmental Control—0.1%

  

Bilbao Luxembourg S.A.

   

10.688%, 12/01/18 (EUR) (j)

    107,110        122,988   

Republic Services, Inc.

   

3.200%, 03/15/25

    2,548,000        2,478,498   

Waste Management, Inc.

   

3.125%, 03/01/25

    1,162,000        1,137,559   

3.900%, 03/01/35

    1,291,000        1,216,402   
   

 

 

 
      4,955,447   
   

 

 

 

Food—0.1%

  

Bakkavor Finance 2 plc

   

8.750%, 06/15/20 (GBP)

    180,000        297,509   

Boparan Finance plc

   

5.500%, 07/15/21 (GBP)

    100,000        132,441   

Kraft Foods Group, Inc.

   

6.875%, 01/26/39

    678,000        842,822   

Sysco Corp.

   

2.600%, 10/01/20

    1,154,000        1,154,987   
   

 

 

 
      2,427,759   
   

 

 

 

Forest Products & Paper—0.1%

  

International Paper Co.

   

3.650%, 06/15/24

    1,361,000        1,345,052   

4.800%, 06/15/44 (i)

    929,000        860,295   
   

 

 

 
      2,205,347   
   

 

 

 

Gas—0.0%

  

Sempra Energy

   

2.875%, 10/01/22

    896,000        878,671   
   

 

 

 

Healthcare-Products—0.8%

  

3AB Optique Developpement SAS

   

5.625%, 04/15/19 (EUR)

    100,000        104,756   

Becton Dickinson & Co.

   

1.450%, 05/15/17

    1,820,000        1,816,668   

1.800%, 12/15/17

    845,000        848,704   

2.675%, 12/15/19

    2,692,000        2,722,110   

3.125%, 11/08/21

    1,286,000        1,294,819   

4.685%, 12/15/44

    367,000        367,305   

Boston Scientific Corp.

   

2.650%, 10/01/18

    1,872,000        1,894,842   

2.850%, 05/15/20 (i)

    2,268,000        2,267,503   

3.850%, 05/15/25

    2,545,000        2,503,257   

Medtronic, Inc.

   

2.500%, 03/15/20

    1,749,000        1,772,557   

Healthcare-Products—(Continued)

  

Medtronic, Inc.

   

3.125%, 03/15/22

    4,333,000      4,410,500   

3.625%, 03/15/24

    2,067,000        2,122,274   

4.625%, 03/15/44

    2,465,000        2,544,721   

4.625%, 03/15/45 (i)

    1,458,000        1,503,340   

St. Jude Medical, Inc.

   

2.800%, 09/15/20

    1,578,000        1,587,143   

3.875%, 09/15/25

    505,000        512,205   

Zimmer Biomet Holdings, Inc.

   

3.550%, 04/01/25

    889,000        870,528   

4.250%, 08/15/35

    2,085,000        1,951,664   
   

 

 

 
      31,094,896   
   

 

 

 

Healthcare-Services—1.1%

  

Aetna, Inc.

   

4.125%, 11/15/42

    786,000        724,782   

4.500%, 05/15/42

    1,593,000        1,557,530   

Anthem, Inc.

   

1.875%, 01/15/18

    5,868,000        5,870,283   

2.300%, 07/15/18

    7,806,000        7,839,074   

3.300%, 01/15/23

    3,708,000        3,669,389   

4.650%, 08/15/44 (i)

    1,036,000        1,001,386   

Care UK Health & Social Care plc

   

5.584%, 07/15/19 (GBP) (c)

    100,000        139,476   

Cigna Corp.

   

3.250%, 04/15/25

    3,815,000        3,693,801   

Ephios Bondco plc

   

6.250%, 07/01/22 (EUR)

    100,000        110,902   

HCA, Inc.

   

5.250%, 04/15/25

    4,165,000        4,253,506   

5.375%, 02/01/25

    4,080,000        4,039,200   

Laboratory Corp. of America Holdings

   

2.625%, 02/01/20

    1,583,000        1,587,882   

Roche Holdings, Inc.

   

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

    1,820,000        1,862,108   

UnitedHealth Group, Inc.

   

2.700%, 07/15/20

    944,000        965,929   

2.875%, 12/15/21

    2,021,000        2,051,550   

3.350%, 07/15/22

    932,000        961,916   

3.950%, 10/15/42

    2,478,000        2,334,695   

4.625%, 07/15/35

    377,000        397,787   
   

 

 

 
      43,061,196   
   

 

 

 

Household Products/Wares—0.1%

  

Kimberly-Clark Corp.

   

1.900%, 05/22/19

    4,005,000        4,023,787   

2.650%, 03/01/25 (i)

    833,000        810,966   
   

 

 

 
      4,834,753   
   

 

 

 

Housewares—0.1%

  

Newell Rubbermaid, Inc.

   

2.875%, 12/01/19

    3,916,000        3,950,488   
   

 

 

 

 

MSF-25


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Insurance—0.7%

  

Aflac, Inc.

   

3.625%, 06/15/23

    1,263,000      $ 1,296,001   

Allstate Corp. (The)

   

3.150%, 06/15/23

    1,270,000        1,283,147   

American International Group, Inc.

   

3.375%, 08/15/20 (i)

    2,288,000        2,387,706   

3.750%, 07/10/25

    1,511,000        1,534,469   

3.875%, 01/15/35

    1,273,000        1,171,001   

4.375%, 01/15/55

    1,207,000        1,098,603   

4.500%, 07/16/44

    1,615,000        1,585,767   

Aon plc

   

4.750%, 05/15/45

    454,000        444,603   

Berkshire Hathaway Finance Corp.

   

4.300%, 05/15/43

    1,126,000        1,084,700   

Lincoln National Corp.

   

3.350%, 03/09/25 (i)

    656,000        644,752   

Loews Corp.

   

2.625%, 05/15/23

    1,270,000        1,220,716   

Marsh & McLennan Cos., Inc.

   

3.750%, 03/14/26 (i)

    359,000        360,983   

MassMutual Global Funding II

   

2.350%, 04/09/19 (144A)

    4,203,000        4,280,936   

Prudential Financial, Inc.

   

4.600%, 05/15/44 (i)

    3,251,000        3,278,692   

Travelers Cos., Inc. (The)

   

4.600%, 08/01/43

    2,012,000        2,099,337   

XLIT, Ltd.

   

2.300%, 12/15/18

    2,013,000        2,031,624   
   

 

 

 
      25,803,037   
   

 

 

 

Internet—0.1%

  

Amazon.com, Inc.

   

2.600%, 12/05/19 (i)

    2,713,000        2,780,120   
   

 

 

 

Iron/Steel—0.0%

  

Nucor Corp.

   

5.200%, 08/01/43

    901,000        923,262   
   

 

 

 

Leisure Time—0.0%

  

Cirsa Funding Luxembourg S.A.

   

5.875%, 05/15/23 (EUR)

    100,000        98,901   
   

 

 

 

Lodging—0.1%

  

Marriott International, Inc.

   

2.875%, 03/01/21

    2,586,000        2,597,068   
   

 

 

 

Machinery-Construction & Mining—0.1%

  

Caterpillar, Inc.

   

4.750%, 05/15/64

    2,476,000        2,488,977   
   

 

 

 

Machinery-Diversified—0.1%

  

John Deere Capital Corp.

   

3.350%, 06/12/24 (i)

    2,650,000        2,677,764   

Rockwell Automation, Inc.

   

2.875%, 03/01/25

    1,824,000        1,811,496   
   

 

 

 
      4,489,260   
   

 

 

 

Media—1.5%

  

21st Century Fox America, Inc.

   

3.700%, 09/15/24 (i)

    1,130,000      1,130,638   

4.750%, 09/15/44

    791,000        778,646   

CBS Corp.

   

2.300%, 08/15/19 (i)

    2,077,000        2,060,164   

CCO Safari II LLC

   

3.579%, 07/23/20 (144A)

    1,108,000        1,099,839   

4.464%, 07/23/22 (144A)

    5,065,000        5,067,674   

6.384%, 10/23/35 (144A)

    2,287,000        2,313,865   

Comcast Corp.

   

3.375%, 08/15/25 (i)

    5,813,000        5,857,708   

4.400%, 08/15/35

    3,154,000        3,174,135   

4.600%, 08/15/45

    1,017,000        1,039,577   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.

   

4.600%, 02/15/21

    4,266,000        4,562,325   

6.375%, 03/01/41

    1,032,000        1,105,693   

Discovery Communications LLC

   

3.450%, 03/15/25 (i)

    1,396,000        1,293,328   

DISH DBS Corp.

   

5.000%, 03/15/23

    1,320,000        1,105,500   

NBCUniversal Enterprise, Inc.

   

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

    4,585,000        4,842,906   

NBCUniversal Media LLC

   

4.450%, 01/15/43

    1,514,000        1,507,729   

Numericable-SFR SAS

   

5.375%, 05/15/22 (EUR)

    200,000        223,954   

Scripps Networks Interactive, Inc.

   

2.750%, 11/15/19 (i)

    1,501,000        1,502,352   

Time Warner Cable, Inc.

   

4.000%, 09/01/21

    503,000        513,060   

4.125%, 02/15/21

    3,589,000        3,688,850   

5.000%, 02/01/20

    1,723,000        1,848,681   

5.500%, 09/01/41

    1,246,000        1,115,933   

Time Warner, Inc.

   

2.100%, 06/01/19

    4,352,000        4,355,660   

3.600%, 07/15/25 (i)

    2,390,000        2,340,288   

4.650%, 06/01/44

    1,829,000        1,745,104   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH

   

4.000%, 01/15/25 (EUR)

    105,000        110,817   

Viacom, Inc.

   

2.750%, 12/15/19

    1,650,000        1,656,295   

4.500%, 03/01/21

    1,779,000        1,845,842   

Ziggo Bond Finance B.V.

   

4.625%, 01/15/25 (EUR)

    100,000        100,845   
   

 

 

 
      57,987,408   
   

 

 

 

Metal Fabricate/Hardware—0.0%

  

Eco-Bat Finance plc

   

7.750%, 02/15/17 (EUR)

    230,000        248,033   
   

 

 

 

Mining—0.1%

  

Freeport-McMoRan, Inc.

   

4.000%, 11/14/21

    2,649,000        2,066,220   

5.400%, 11/14/34

    1,297,000        907,498   

 

MSF-26


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Mining—(Continued)

  

Newmont Mining Corp.

   

3.500%, 03/15/22 (i)

    1,735,000      $ 1,557,242   
   

 

 

 
      4,530,960   
   

 

 

 

Miscellaneous Manufacturing—0.2%

  

Eaton Corp.

   

2.750%, 11/02/22

    2,768,000        2,693,890   

Gates Global LLC / Gates Global Co.

   

5.750%, 07/15/22 (EUR)

    100,000        88,881   

General Electric Co.

   

4.500%, 03/11/44

    2,960,000        3,067,439   

Ingersoll-Rand Luxembourg Finance S.A.

   

2.625%, 05/01/20

    1,538,000        1,537,877   
   

 

 

 
      7,388,087   
   

 

 

 

Office/Business Equipment—0.0%

  

CDW LLC / CDW Finance Corp.

   

5.000%, 09/01/23

    1,330,000        1,339,696   
   

 

 

 

Oil & Gas—1.4%

  

Anadarko Petroleum Corp.

   

4.500%, 07/15/44 (i)

    1,209,000        1,075,403   

7.950%, 06/15/39

    1,208,000        1,539,996   

BP Capital Markets plc

   

2.237%, 05/10/19 (i)

    4,001,000        4,030,575   

California Resources Corp.

   

6.000%, 11/15/24 (i)

    1,320,000        786,225   

Chevron Corp.

   

1.961%, 03/03/20

    4,536,000        4,517,049   

2.193%, 11/15/19 (i)

    855,000        864,229   

Continental Resources, Inc.

   

3.800%, 06/01/24 (i)

    1,310,000        1,062,532   

4.900%, 06/01/44 (i)

    1,500,000        1,072,371   

Devon Energy Corp.

   

5.600%, 07/15/41

    1,241,000        1,199,010   

Ensco plc

   

5.750%, 10/01/44

    414,000        286,401   

Exxon Mobil Corp.

   

1.819%, 03/15/19 (i)

    4,500,000        4,537,535   

Halcon Resources Corp.

   

8.625%, 02/01/20 (144A) (i)

    1,320,000        1,097,250   

Laredo Petroleum, Inc.

   

7.375%, 05/01/22 (i)

    3,500,000        3,386,250   

Linn Energy LLC / Linn Energy Finance Corp.

   

6.250%, 11/01/19

    4,115,000        1,049,325   

Marathon Petroleum Corp.

   

4.750%, 09/15/44

    1,016,000        903,036   

MEG Energy Corp.

   

6.500%, 03/15/21 (144A)

    448,000        367,360   

7.000%, 03/31/24 (144A) (i)

    3,359,000        2,670,405   

Petrobras Global Finance B.V.

   

6.250%, 12/14/26 (GBP)

    200,000        192,041   

Phillips 66

   

4.875%, 11/15/44

    1,027,000        982,778   

Oil & Gas—(Continued)

  

Shell International Finance B.V.

   

2.125%, 05/11/20

    4,764,000      4,768,931   

3.625%, 08/21/42 (i)

    1,100,000        970,771   

4.125%, 05/11/35

    4,596,000        4,470,966   

Statoil ASA

   

2.900%, 11/08/20

    7,535,000        7,769,791   

Transocean, Inc.

   

6.800%, 03/15/38 (i)

    582,000        360,840   

Valero Energy Corp.

   

3.650%, 03/15/25 (i)

    4,317,000        4,146,137   

Woodside Finance, Ltd.

   

3.650%, 03/05/25 (144A)

    703,000        635,901   
   

 

 

 
      54,743,108   
   

 

 

 

Packaging & Containers—0.4%

  

Ardagh Packaging Finance plc

   

9.250%, 10/15/20 (EUR)

    109,000        127,247   

Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc.

   

4.250%, 01/15/22 (EUR)

    100,000        109,505   

Novelis, Inc.

   

8.750%, 12/15/20 (i)

    7,985,000        7,687,160   

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC

   

6.875%, 02/15/21

    8,495,000        8,793,174   
   

 

 

 
      16,717,086   
   

 

 

 

Pharmaceuticals—1.5%

  

Abbott Laboratories

   

2.550%, 03/15/22

    3,608,000        3,564,213   

AbbVie, Inc.

   

2.500%, 05/14/20

    3,448,000        3,428,953   

2.900%, 11/06/22

    2,573,000        2,506,912   

4.400%, 11/06/42

    2,157,000        1,970,995   

4.500%, 05/14/35

    1,567,000        1,512,633   

Actavis Funding SCS

   

2.350%, 03/12/18

    4,814,000        4,833,155   

3.000%, 03/12/20

    14,552,000        14,564,748   

AmerisourceBergen Corp.

   

1.150%, 05/15/17

    2,313,000        2,303,942   

3.250%, 03/01/25

    602,000        585,502   

4.250%, 03/01/45

    602,000        562,332   

Baxalta, Inc.

   

4.000%, 06/23/25 (144A) (i)

    1,027,000        1,028,592   

Bristol-Myers Squibb Co.

   

4.500%, 03/01/44 (i)

    1,349,000        1,427,738   

Eli Lilly & Co.

   

2.750%, 06/01/25 (i)

    431,000        424,360   

3.700%, 03/01/45

    979,000        921,774   

Endo Finance LLC / Endo Finco, Inc.

   

5.375%, 01/15/23 (144A)

    1,320,000        1,268,850   

Express Scripts Holding Co.

   

1.250%, 06/02/17

    1,840,000        1,834,325   

3.900%, 02/15/22

    1,286,000        1,325,384   

 

MSF-27


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

  

GlaxoSmithKline Capital plc

   

2.850%, 05/08/22

    1,818,000      $ 1,814,860   

Mylan, Inc.

   

3.125%, 01/15/23 (144A) (i)

    1,298,000        1,247,346   

Novartis Capital Corp.

   

4.400%, 04/24/20 (i)

    2,563,000        2,837,459   

Pfizer, Inc.

   

4.300%, 06/15/43

    1,271,000        1,258,791   

4.400%, 05/15/44 (i)

    969,000        973,491   

Teva Pharmaceutical Finance Co. B.V.

   

3.650%, 11/10/21

    841,000        851,209   

Valeant Pharmaceuticals International, Inc.

   

4.500%, 05/15/23 (EUR)

    200,000        199,409   

6.125%, 04/15/25 (144A)

    3,608,000        3,436,620   

Zoetis, Inc.

   

3.250%, 02/01/23

    1,218,000        1,169,781   
   

 

 

 
      57,853,374   
   

 

 

 

Pipelines—1.2%

  

Energy Transfer Partners L.P.

   

4.150%, 10/01/20

    1,335,000        1,350,372   

4.650%, 06/01/21

    2,141,000        2,137,915   

4.900%, 03/15/35

    1,339,000        1,081,601   

5.150%, 02/01/43

    1,138,000        896,132   

6.625%, 10/15/36

    912,000        867,685   

Enterprise Products Operating LLC

   

3.700%, 02/15/26 (i)

    3,482,000        3,290,309   

3.900%, 02/15/24

    1,366,000        1,341,141   

4.450%, 02/15/43

    3,409,000        2,904,560   

Kinder Morgan Energy Partners L.P.

   

3.500%, 03/01/21 (i)

    7,659,000        7,323,926   

3.950%, 09/01/22

    1,124,000        1,055,500   

4.700%, 11/01/42

    1,879,000        1,415,520   

5.625%, 09/01/41

    463,000        380,872   

Kinder Morgan, Inc.

   

3.050%, 12/01/19

    703,000        690,224   

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

   

2.850%, 01/31/23

    4,386,000        4,023,642   

4.900%, 02/15/45 (i)

    1,190,000        1,062,781   

5.150%, 06/01/42

    912,000        844,679   

Regency Energy Partners L.P. / Regency Energy Finance Corp.

   

5.000%, 10/01/22

    2,276,000        2,222,173   

Spectra Energy Partners L.P.

   

3.500%, 03/15/25 (i)

    2,539,000        2,370,530   

Sunoco Logistics Partners Operations L.P.

   

3.450%, 01/15/23 (i)

    2,370,000        2,060,338   

TransCanada PipeLines, Ltd.

   

1.875%, 01/12/18 (i)

    1,111,000        1,116,029   

2.500%, 08/01/22 (i)

    1,407,000        1,322,285   

4.625%, 03/01/34

    2,482,000        2,375,902   

Western Gas Partners L.P.

   

4.000%, 07/01/22

    1,851,000        1,791,379   

Pipelines—(Continued)

  

Williams Partners L.P.

   

4.000%, 11/15/21

    3,129,000      3,005,677   

4.500%, 11/15/23

    732,000        686,084   

4.900%, 01/15/45

    1,472,000        1,096,100   
   

 

 

 
      48,713,356   
   

 

 

 

Real Estate Investment Trusts—0.4%

  

American Tower Corp.

   

3.450%, 09/15/21

    1,554,000        1,561,016   

3.500%, 01/31/23

    397,000        382,472   

5.000%, 02/15/24 (i)

    391,000        410,804   

Communications Sales & Leasing, Inc. / CSL Capital LLC

   

8.250%, 10/15/23

    1,320,000        1,128,600   

ERP Operating L.P.

   

3.375%, 06/01/25 (i)

    1,153,000        1,137,113   

HCP, Inc.

   

4.000%, 06/01/25

    2,492,000        2,441,514   

Omega Healthcare Investors, Inc.

   

4.500%, 04/01/27 (144A)

    1,039,000        988,826   

Simon Property Group L.P.

   

3.375%, 10/01/24

    1,717,000        1,727,649   

4.250%, 10/01/44

    1,282,000        1,244,953   

Ventas Realty L.P.

   

3.750%, 05/01/24

    2,475,000        2,461,046   

4.125%, 01/15/26

    1,531,000        1,543,251   
   

 

 

 
      15,027,244   
   

 

 

 

Retail—0.5%

  

CVS Health Corp.

   

4.000%, 12/05/23

    1,757,000        1,861,476   

4.875%, 07/20/35

    4,191,000        4,397,495   

5.300%, 12/05/43

    843,000        930,109   

Debenhams plc

   

5.250%, 07/15/21 (GBP)

    200,000        296,360   

Hema Bondco I B.V.

   

6.250%, 06/15/19 (EUR)

    100,000        66,986   

Home Depot, Inc. (The)

   

3.350%, 09/15/25

    418,000        425,676   

4.400%, 03/15/45

    493,000        509,588   

5.400%, 09/15/40

    677,000        787,710   

Lowe’s Cos., Inc.

   

3.375%, 09/15/25

    459,000        463,749   

4.250%, 09/15/44

    965,000        956,346   

4.375%, 09/15/45

    344,000        347,973   

Macy’s Retail Holdings, Inc.

   

4.500%, 12/15/34

    1,439,000        1,318,020   

McDonald’s Corp.

   

4.600%, 05/26/45

    602,000        599,939   

Punch Taverns Finance B, Ltd.

   

5.267%, 03/30/24 (GBP)

    95,663        133,137   

QVC, Inc.

   

3.125%, 04/01/19

    1,103,000        1,100,523   

5.125%, 07/02/22

    1,817,000        1,867,898   

 

MSF-28


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Retail—(Continued)

  

Target Corp.

   

3.500%, 07/01/24 (i)

    783,000      $ 817,417   

4.000%, 07/01/42

    1,227,000        1,206,902   

Unique Pub Finance Co. plc (The)

   

5.659%, 06/30/27 (GBP)

    179,007        274,855   

Wal-Mart Stores, Inc.

   

2.550%, 04/11/23

    1,376,000        1,359,347   

4.000%, 04/11/43

    708,000        688,121   
   

 

 

 
      20,409,627   
   

 

 

 

Semiconductors—0.1%

  

Applied Materials, Inc.

   

2.625%, 10/01/20 (i)

    1,291,000        1,294,910   

3.900%, 10/01/25

    1,080,000        1,076,352   
   

 

 

 
      2,371,262   
   

 

 

 

Software—0.6%

  

Adobe Systems, Inc.

   

3.250%, 02/01/25 (i)

    1,307,000        1,282,247   

Audatex North America, Inc.

   

6.125%, 11/01/23 (144A)

    1,320,000        1,326,600   

First Data Corp.

   

8.750%, 01/15/22 (144A)

    3,790,000        3,960,550   

Microsoft Corp.

   

3.500%, 02/12/35

    2,904,000        2,700,261   

Oracle Corp.

   

2.800%, 07/08/21

    8,372,000        8,488,496   

3.250%, 05/15/30 (i)

    3,511,000        3,301,702   

4.375%, 05/15/55

    1,411,000        1,313,737   
   

 

 

 
      22,373,593   
   

 

 

 

Telecommunications—2.2%

  

Altice Luxembourg S.A.

   

6.250%, 02/15/25 (EUR)

    261,000        255,857   

7.250%, 05/15/22 (EUR)

    100,000        105,315   

7.625%, 02/15/25 (144A)

    1,370,000        1,209,881   

Altice U.S. Finance I Corp.

   

5.375%, 07/15/23 (144A)

    2,195,000        2,107,200   

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

   

2.375%, 09/08/16 (i)

    7,975,000        8,054,112   

AT&T, Inc.

   

2.300%, 03/11/19 (i)

    2,035,000        2,042,212   

2.375%, 11/27/18

    1,683,000        1,700,882   

2.450%, 06/30/20

    4,243,000        4,177,607   

3.000%, 06/30/22

    5,994,000        5,847,770   

3.400%, 05/15/25

    4,753,000        4,536,719   

3.875%, 08/15/21

    2,472,000        2,567,355   

4.300%, 12/15/42

    2,302,000        1,978,238   

4.750%, 05/15/46 (i)

    1,017,000        931,874   

Cisco Systems, Inc.

   

2.125%, 03/01/19

    894,000        905,212   

Intelsat Jackson Holdings S.A.

   

5.500%, 08/01/23

    1,320,000        1,089,000   

Juniper Networks, Inc.

   

3.300%, 06/15/20

    1,478,000        1,500,300   

Telecommunications—(Continued)

  

Level 3 Financing, Inc.

   

5.375%, 08/15/22

    4,255,000      4,137,987   

Orange S.A.

   

4.000%, 10/01/21 (EUR) (c)

    300,000        328,096   

5.500%, 02/06/44 (i)

    1,256,000        1,368,183   

Sprint Communications, Inc.

   

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

    11,500,000        12,066,950   

Sprint Corp.

   

7.875%, 09/15/23

    3,535,000        2,861,141   

T-Mobile USA, Inc.

   

6.633%, 04/28/21

    1,345,000        1,348,362   

6.731%, 04/28/22

    1,295,000        1,291,763   

6.836%, 04/28/23

    410,000        405,900   

Telecom Italia S.p.A.

   

3.250%, 01/16/23 (EUR)

    100,000        108,577   

Telenet Finance V Luxembourg SCA

   

6.750%, 08/15/24 (EUR)

    320,000        384,207   

Verizon Communications, Inc.

   

2.625%, 02/21/20

    5,017,000        5,031,885   

3.450%, 03/15/21

    4,753,000        4,866,972   

3.850%, 11/01/42 (i)

    3,742,000        3,102,732   

4.400%, 11/01/34

    4,839,000        4,502,486   

4.862%, 08/21/46

    2,883,000        2,703,427   

5.050%, 03/15/34

    1,201,000        1,198,226   

Virgin Media Secured Finance plc

   

6.000%, 04/15/21 (GBP)

    396,000        605,135   

Vodafone Group plc

   

2.500%, 09/26/22 (i)

    1,329,000        1,232,423   

Wind Acquisition Finance S.A.

   

4.000%, 07/15/20 (EUR)

    100,000        110,064   
   

 

 

 
      86,664,050   
   

 

 

 

Transportation—0.4%

  

Burlington Northern Santa Fe LLC

   

3.000%, 03/15/23

    1,597,000        1,572,694   

4.150%, 04/01/45

    758,000        706,220   

Canadian Pacific Railway Co.

   

4.800%, 09/15/35

    289,000        294,373   

6.125%, 09/15/15

    670,000        703,719   

CSX Corp.

   

4.100%, 03/15/44

    1,084,000        992,528   

FedEx Corp.

   

3.900%, 02/01/35

    219,000        201,338   

4.100%, 02/01/45

    1,295,000        1,173,033   

4.900%, 01/15/34

    2,522,000        2,626,565   

Gategroup Finance Luxembourg S.A.

   

6.750%, 03/01/19 (EUR)

    164,286        191,035   

Norfolk Southern Corp.

   

4.450%, 06/15/45

    1,195,000        1,154,672   

Ryder System, Inc.

   

2.450%, 09/03/19

    1,629,000        1,633,975   

Silk Bidco A/S

   

7.500%, 02/01/22 (EUR)

    200,000        229,626   

Union Pacific Corp.

   

3.375%, 02/01/35

    668,000        607,827   

3.875%, 02/01/55

    2,657,000        2,387,965   

 

MSF-29


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Transportation—(Continued)

  

Union Pacific Railroad Co. Pass-Through Trust

   

3.227%, 05/14/26

    2,805,074      $ 2,787,935   
   

 

 

 
      17,263,505   
   

 

 

 

Trucking & Leasing—0.2%

  

Aviation Capital Group Corp.

   

2.875%, 09/17/18 (144A)

    3,355,000        3,351,947   

GATX Corp.

   

2.600%, 03/30/20

    1,747,000        1,723,262   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.

   

3.375%, 02/01/22 (144A)

    1,402,000        1,370,235   
   

 

 

 
      6,445,444   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $1,147,013,801)

      1,127,264,220   
   

 

 

 
Asset-Backed Securities—11.3%   

Asset-Backed - Automobile—0.3%

  

AUTO ABS Srl

   

2.800%, 04/27/25 (EUR)

    167,875        187,896   

Chrysler Capital Auto Receivables Trust

   

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

    1,347,946        1,348,444   

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

    1,670,000        1,673,569   

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

    1,455,000        1,462,813   

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

    1,515,000        1,524,822   

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

    2,150,000        2,163,227   

Santander Drive Auto Receivables Trust

   

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

    152,652        152,565   

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

    546,929        546,186   

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

    365,232        364,487   

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

    633,714        632,009   

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

    626,744        625,265   

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

    740,175        739,686   
   

 

 

 
      11,420,969   
   

 

 

 

Asset-Backed - Credit Card—0.2%

  

CHLUPA Trust

   

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

    2,729,550        2,737,929   

Synchrony Credit Card Master Note Trust

   

2.380%, 09/15/23

    7,880,000        7,879,928   
   

 

 

 
      10,617,857   
   

 

 

 

Asset-Backed - Home Equity—0.5%

  

Bayview Financial Revolving Asset Trust

   

1.194%, 05/28/39 (144A) (c)

    9,482,869        7,471,951   

Bear Stearns Asset-Backed Securities I Trust

   

0.334%, 12/25/36 (c)

    2,863,897        2,222,230   

Countrywide Asset-Backed Certificates

   

0.514%, 10/25/36 (c)

    2,677,014        2,179,646   

Countrywide Home Equity Loan Trust

   

5.842%, 06/25/35

    755,478        733,309   

6.155%, 06/25/35

    473,056        429,253   

Asset-Backed - Home Equity—(Continued)

  

Home Loan Mortgage Loan Trust

   

0.567%, 04/15/36 (c)

    1,458,719      1,288,075   

Morgan Stanley Mortgage Loan Trust

   

0.414%, 04/25/37 (c)

    10,549,263        4,928,468   

Option One Mortgage Loan Trust

   

1.319%, 11/25/32 (c)

    94,451        90,395   
   

 

 

 
      19,343,327   
   

 

 

 

Asset-Backed - Manufactured Housing—0.1%

  

BCMSC Trust

   

7.575%, 06/15/30 (c)

    1,287,911        682,345   

7.830%, 06/15/30 (c)

    1,195,197        653,946   

8.290%, 06/15/30 (c)

    2,046,919        1,183,977   
   

 

 

 
      2,520,268   
   

 

 

 

Asset-Backed - Other—7.1%

  

ACAS CLO, Ltd.

   

2.601%, 09/20/23 (144A) (c)

    2,290,000        2,286,519   

Adirondack Park CLO, Ltd.

   

2.289%, 04/15/24 (144A) (c)

    500,000        492,752   

ALM V, Ltd.

   

2.414%, 10/18/27 (144A) (c)

    900,000        894,397   

ALM VII R, Ltd.

   

2.143%, 04/24/24 (144A) (c)

    1,730,000        1,703,451   

ALM VII R-2, Ltd.

   

2.143%, 04/24/24 (144A) (c)

    918,000        906,090   

American Homes 4 Rent

   

1.250%, 06/17/31 (144A) (c)

    512,307        502,504   

Apidos CLO

   

2.139%, 07/15/23 (144A) (c)

    2,065,000        2,047,200   

AVANT Loans Funding Trust

   

4.000%, 08/16/21 (144A)

    2,440,551        2,440,551   

B2R Mortgage Trust

   

2.524%, 05/15/48 (144A)

    683,009        680,733   

Battalion CLO, Ltd.

   

1.695%, 10/22/25 (144A) (c)

    5,205,000        5,154,777   

Bayview Opportunity Master Fund IIIb RPL Trust

   

3.623%, 04/28/30 (144A)

    886,702        886,716   

Bayview Opportunity Master Fund lIa Trust

   

3.721%, 02/28/35 (144A) (c)

    712,417        713,516   

Bayview Opportunity Master Fund lIIa Trust

   

3.844%, 11/28/29 (144A)

    1,573,070        1,578,240   

Benefit Street Partners CLO, Ltd.

   

1.489%, 07/15/24 (144A) (c)

    2,240,000        2,197,032   

Carlyle Global Market Strategies CLO, Ltd.

   

1.677%, 01/20/25 (144A) (c)

    7,820,000        7,789,580   

Chase Funding Trust

   

6.333%, 04/25/32

    674,058        686,297   

CIFC Funding, Ltd.

   

1.587%, 01/19/23 (144A) (c)

    4,468,641        4,461,849   

1.809%, 05/24/26 (144A) (c)

    2,780,000        2,753,732   

1.869%, 01/17/27 (144A) (c)

    4,035,000        4,025,820   

2.381%, 10/19/27 (144A) (c)

    1,480,000        1,465,492   

Colony American Homes

   

1.407%, 07/17/32 (144A) (c)

    1,699,189        1,678,163   

 

MSF-30


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

  

Countrywide Asset-Backed Certificates

   

0.354%, 01/25/46 (c)

    5,267,211      $ 4,749,897   

0.414%, 12/25/25 (c)

    148,325        463,991   

Countrywide Revolving Home Equity Loan Resecuritization Trust

   

0.507%, 12/15/33 (144A) (c)

    1,175,566        979,498   

Credit Suisse Mortgage Capital Certificates

   

3.500%, 02/25/55 (144A)

    2,023,556        1,970,979   

CT CDO IV, Ltd.

   

0.526%, 10/20/43 (144A) (c)

    1,629,183        1,625,746   

DCP Rights LLC

   

5.463%, 10/25/44 (144A)

    7,058,530        7,154,526   

Dryden XXVIII Senior Loan Fund

   

1.421%, 08/15/25 (144A) (c)

    1,035,000        1,021,193   

First Franklin Mortgage Loan Trust

   

0.404%, 12/25/36 (c)

    13,100,097        8,271,283   

Flatiron CLO, Ltd.

   

1.839%, 01/15/23 (144A) (c)

    2,700,000        2,695,907   

Fraser Sullivan CLO VII, Ltd.

   

2.787%, 04/20/23 (144A) (c)

    1,150,000        1,142,011   

GFT Mortgage Loan Trust

   

3.721%, 01/25/55 (144A)

    1,696,888        1,687,216   

GT Loan Financing, Ltd.

   

1.564%, 10/28/24 (144A) (c)

    5,670,000        5,609,388   

Highbridge Loan Management, Ltd.

   

2.531%, 09/20/22 (144A) (c)

    1,720,000        1,717,988   

Invitation Homes Trust

   

1.307%, 09/17/31 (144A) (c)

    2,865,000        2,804,743   

1.507%, 08/17/32 (144A) (c)

    2,101,183        2,070,949   

KKR Financial CLO, Ltd.

   

1.439%, 07/15/25 (144A) (c)

    4,895,000        4,791,544   

Knollwood CDO, Ltd.

   

3.484%, 01/10/39 (144A) (c) (l)

    780,443        8   

Long Beach Mortgage Loan Trust

   

0.354%, 11/25/36 (c)

    3,385,541        1,621,626   

0.414%, 02/25/36 (c)

    3,282,606        2,656,767   

0.414%, 11/25/36 (c)

    669,325        323,693   

Merrill Lynch First Franklin Mortgage Loan Trust

   

0.434%, 05/25/37 (c)

    13,508,410        8,053,336   

Northwoods Capital IX, Ltd.

   

1.707%, 01/18/24 (144A) (c)

    5,070,000        5,018,109   

Oaktree EIF II, Ltd.

   

2.574%, 11/15/25 (144A) (c)

    1,195,000        1,178,798   

OCP CLO, Ltd.

   

1.804%, 04/17/27 (144A) (c)

    280,000        276,649   

2.374%, 04/17/27 (144A) (c)

    370,000        358,701   

Octagon Investment Partners, Ltd.

   

1.409%, 07/17/25 (144A) (c)

    5,600,000        5,514,180   

OHA Loan Funding, Ltd.

   

1.599%, 08/23/24 (144A) (c)

    5,670,000        5,611,735   

OneMain Financial Issuance Trust

   

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

    8,865,000        8,864,964   

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

    6,910,000        6,909,461   

2.570%, 07/18/25 (144A)

    5,090,000        5,078,466   

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

    1,325,000        1,329,717   

3.100%, 07/18/25 (144A)

    1,999,000        1,995,662   

Asset-Backed - Other—(Continued)

  

OneMain Financial Issuance Trust

   

4.320%, 07/18/25 (144A)

    3,000,000      3,000,630   

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

    3,075,000        3,038,724   

5.640%, 07/18/25 (144A)

    1,490,000        1,480,032   

OZLM Funding, Ltd.

   

1.445%, 07/22/25 (144A) (c)

    9,625,000        9,475,062   

1.777%, 10/30/23 (144A) (c)

    8,930,000        8,895,012   

PFS Financing Corp.

   

0.807%, 10/15/19 (144A) (c)

    9,335,000        9,292,796   

1.307%, 02/15/18 (144A) (c)

    4,230,000        4,227,331   

PFS Tax Lien Trust

   

1.440%, 04/15/16 (144A)

    3,220,430        3,221,177   

Progress Residential Trust

   

2.740%, 06/12/32 (144A)

    1,130,000        1,117,415   

Race Point CLO, Ltd

   

1.583%, 02/20/25 (144A) (c)

    1,635,000        1,618,444   

RMAT LLC

   

3.967%, 05/26/20 (144A)

    1,704,154        1,709,552   

Silvermore CLO, Ltd.

   

1.771%, 05/15/26 (144A) (c)

    6,520,000        6,420,746   

Sound Point CLO, Ltd.

   

1.662%, 01/21/26 (144A) (c)

    2,185,000        2,157,130   

SpringCastle America Funding LLC

   

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

    10,031,422        10,045,145   

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

    7,845,000        8,004,434   

Springleaf Funding Trust

   

3.620%, 11/15/24 (144A)

    2,062,000        2,069,588   

Sunset Mortgage Loan Co. LLC

   

3.721%, 11/16/44 (144A)

    1,919,326        1,917,695   

SWAY Residential Trust

   

1.507%, 01/17/32 (144A) (c)

    6,082,613        6,012,274   

Symphony CLO XII, Ltd.

   

1.589%, 10/15/25 (144A) (c)

    8,810,000        8,686,396   

Symphony CLO XV, Ltd.

   

2.489%, 10/17/26 (144A) (c)

    6,170,000        6,169,963   

TICP CLO III, Ltd.

   

2.637%, 01/20/27 (144A) (c)

    340,000        335,975   

Tricon American Homes Trust

   

1.457%, 05/17/32 (144A) (c)

    770,000        758,759   

U.S. Residential Opportunity Fund Trust

   

3.721%, 01/27/35 (144A)

    5,806,387        5,797,515   

3.721%, 02/27/35 (144A)

    1,537,868        1,535,546   

Venture XIX CLO, Ltd.

   

1.889%, 01/15/27 (144A) (c)

    1,715,000        1,714,335   

2.739%, 01/15/27 (144A) (c)

    715,000        714,176   

Voya CLO, Ltd.

   

1.445%, 04/25/25 (144A) (c)

    1,780,000        1,753,368   

1.737%, 01/18/26 (144A) (c)

    3,140,000        3,109,297   

2.239%, 10/15/22 (144A) (c)

    1,670,000        1,669,289   

Voya, Ltd.

   

1.679%, 10/15/23 (144A) (c)

    1,180,000        1,173,681   

Ziggurat CLO I, Ltd.

   

1.869%, 10/17/26 (144A) (c)

    12,105,000        12,026,790   
   

 

 

 
      278,042,419   
   

 

 

 

 

MSF-31


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Student Loan—3.1%

  

Navient Private Education Loan Trust

   

1.407%, 12/15/28 (144A) (c)

    1,885,000      $ 1,896,334   

1.907%, 11/15/30 (144A) (c)

    1,733,000        1,718,313   

1.957%, 10/17/44 (144A) (c)

    4,595,000        4,391,791   

2.740%, 02/15/29 (144A)

    1,800,000        1,816,258   

Scholar Funding Trust

   

0.844%, 01/30/45 (144A) (c)

    9,868,091        9,685,127   

1.194%, 10/28/43 (144A) (c)

    1,315,833        1,309,332   

SLC Private Student Loan Trust

   

0.459%, 07/15/36 (c)

    5,883,012        5,832,588   

3.707%, 07/15/42 (144A) (c)

    2,654,442        2,740,095   

SLM Private Credit Student Loan Trust

   

0.507%, 03/15/23 (c)

    840,496        831,170   

0.517%, 03/15/23 (c)

    6,196,114        6,145,027   

0.527%, 12/15/23 (c)

    9,611,126        9,498,897   

0.537%, 06/15/21 (c)

    2,781,575        2,767,108   

0.667%, 03/15/24 (c)

    4,800,000        4,414,949   

0.887%, 12/16/30 (c)

    3,820,130        3,703,754   

SLM Private Education Loan Trust

   

1.057%, 02/15/22 (144A) (c)

    2,240,818        2,240,430   

1.607%, 10/15/31 (144A) (c)

    3,740,000        3,763,401   

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

    25,300,000        25,249,324   

2.457%, 06/16/42 (144A) (c)

    3,271,000        3,444,075   

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

    720,000        705,436   

2.707%, 01/15/43 (144A) (c)

    5,200,000        5,496,878   

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

    970,000        964,675   

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

    500,000        513,847   

3.457%, 10/17/44 (144A) (c)

    3,420,000        3,628,175   

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

    1,685,000        1,768,815   

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

    5,040,000        5,401,040   

SMB Private Education Loan Trust

   

1.407%, 07/15/27 (144A) (c)

    930,000        924,812   

1.957%, 05/17/32 (144A) (c)

    3,490,000        3,475,424   

3.500%, 12/17/40 (144A)

    2,090,000        1,940,555   

SoFi Professional Loan Program LLC

   

1.244%, 04/25/35 (144A) (c)

    1,551,431        1,529,655   

2.420%, 03/25/30 (144A)

    1,963,643        1,961,570   

2.510%, 09/27/32 (144A)

    2,964,551        2,965,197   
   

 

 

 
      122,724,052   
   

 

 

 

Total Asset-Backed Securities
(Cost $440,544,885)

      444,668,892   
   

 

 

 
Mortgage-Backed Securities—7.9%   

Collateralized Mortgage Obligations—2.7%

  

Adjustable Rate Mortgage Trust

   

3.077%, 03/25/36 (c)

    1,887,400        1,393,496   

Banc of America Alternative Loan Trust

   

5.500%, 10/25/35

    2,361,034        2,153,480   

Bear Stearns Asset-Backed Securities I Trust

   

5.750%, 12/25/35

    3,710,529        3,245,811   

5.750%, 02/25/36

    4,301,300        3,475,193   

Countrywide Alternative Loan Trust

   

0.334%, 04/25/47 (c)

    1,259,705        1,055,258   

Collateralized Mortgage Obligations—(Continued)

  

Countrywide Alternative Loan Trust

   

0.334%, 05/25/47 (c)

    5,123,554      4,298,954   

0.384%, 10/25/46 (c)

    2,182,345        1,910,682   

0.404%, 07/25/46 (c)

    2,621,884        2,279,710   

0.406%, 03/20/47 (c)

    3,037,702        2,348,314   

0.416%, 07/20/46 (c)

    5,043,728        3,769,082   

0.494%, 01/25/36 (c)

    1,024,553        837,306   

1.929%, 11/25/46 (c)

    5,117,974        4,313,751   

5.500%, 04/25/37

    1,453,389        1,198,905   

6.000%, 02/25/36

    1,873,297        1,587,232   

6.000%, 05/25/37

    4,751,630        3,661,616   

6.500%, 09/25/37

    11,150,425        8,759,830   

Countrywide Home Loan Mortgage Pass-Through Trust

   

0.394%, 04/25/46 (c)

    1,107,242        895,788   

1.159%, 04/25/46 (c)

    5,650,736        3,035,445   

Credit Suisse Mortgage Capital Certificates

   

0.371%, 03/27/36 (144A) (c)

    3,121,249        2,101,251   

2.439%, 03/27/37 (144A) (c)

    1,263,708        1,242,314   

2.782%, 08/27/46 (144A) (c)

    3,740,218        3,660,723   

Deutsche ALT-A Securities Mortgage Loan Trust

   

0.344%, 12/25/36 (c)

    4,747,454        3,971,478   

Deutsche ALT-A Securities, Inc. Alternate Loan Trust

   

0.694%, 01/27/37 (144A) (c)

    753,542        1,357,727   

Fannie Mae Connecticut Avenue Securities

   

4.594%, 01/25/24 (c)

    2,721,000        2,746,678   

5.444%, 10/25/23 (c)

    7,415,000        7,826,592   

GSR Mortgage Loan Trust

   

6.000%, 07/25/37

    1,538,005        1,400,597   

JPMorgan Alternative Loan Trust

   

0.404%, 03/25/37 (c)

    2,015,132        1,351,037   

3.117%, 05/25/37

    544,493        447,015   

JPMorgan Mortgage Trust

   

6.500%, 08/25/36

    574,431        481,830   

Litigation Fee Residual Funding 2015-1 LLC

   

3.500%, 10/01/27

    4,250,000        4,239,375   

LSTAR Securities Investment Trust

   

2.193%, 03/01/20 (144A) (c)

    2,664,049        2,644,158   

2.199%, 01/01/20 (144A) (c)

    1,793,996        1,782,179   

3.299%, 09/01/21 (144A) (c)

    8,720,742        8,756,968   

MASTR Resecuritization Trust

   

0.626%, 08/25/37 (144A) (c)

    2,015,060        1,426,981   

Merrill Lynch Mortgage Investors Trust

   

2.686%, 05/25/36 (c)

    3,073,553        2,488,539   

Morgan Stanley Resecuritization Trust

   

0.364%, 11/26/33 (144A) (c)

    1,993,762        1,783,582   

Structured Adjustable Rate Mortgage Loan Trust

   

2.694%, 04/25/47 (c)

    2,193,226        1,720,735   

Structured Asset Mortgage Investments II Trust

   

0.424%, 02/25/36 (c)

    3,057,866        2,406,397   

Wells Fargo Mortgage-Backed Securities Trust

   

2.717%, 07/25/36 (c)

    964,956        954,657   
   

 

 

 
      105,010,666   
   

 

 

 

 

MSF-32


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—5.2%

  

BAMLL Commercial Mortgage Securities Trust

   

3.716%, 04/14/33 (144A) (c)

    2,010,000      $ 1,784,556   

Banc of America Commercial Mortgage Trust

   

5.421%, 10/10/45

    200,000        203,683   

5.482%, 01/15/49 (c)

    630,000        652,984   

5.733%, 06/10/49 (c)

    1,600,000        1,648,269   

5.734%, 06/10/49 (c)

    6,396,358        6,752,328   

5.772%, 02/10/51 (c)

    2,590,000        2,738,008   

Barclays Commercial Mortgage Trust

   

3.375%, 03/12/36 (144A)

    1,670,000        1,709,618   

Bayview Commercial Asset Trust

   

2.944%, 07/25/38 (144A) (c)

    1,423,346        1,416,162   

BB-UBS Trust

   

0.730%, 11/05/36 (144A) (c) (d)

    85,480,000        4,339,307   

Bear Stearns Commercial Mortgage Securities Trust

   

5.317%, 02/11/44

    5,473,876        5,696,466   

5.895%, 06/11/40 (c)

    1,281,000        1,358,326   

BHMS Mortgage Trust

   

1.704%, 07/05/33 (144A) (c)

    2,695,000        2,690,179   

BXHTL Mortgage Trust

   

4.097%, 05/15/29 (144A) (c)

    410,000        392,101   

Carefree Portfolio Trust

   

3.457%, 11/15/19 (144A) (c)

    2,215,000        2,225,907   

CD Mortgage Trust

   

6.325%, 11/15/44 (c)

    661,500        712,004   

CDGJ Commercial Mortgage Trust

   

1.607%, 12/15/27 (144A) (c)

    4,070,000        4,043,639   

Citigroup Commercial Mortgage Trust

   

0.957%, 06/15/33 (144A) (c)

    5,275,000        5,236,097   

3.635%, 05/10/35 (144A) (c)

    680,000        621,558   

COBALT CMBS Commercial Mortgage Trust

   

5.959%, 05/15/46 (c)

    4,494,000        4,773,617   

Commercial Mortgage Pass-Through Certificates

   

0.168%, 02/10/35 (144A) (c) (d)

    60,958,000        503,513   

1.648%, 03/10/46 (c) (d)

    38,443,039        2,172,032   

1.893%, 01/10/46 (c) (d)

    81,801,359        5,961,192   

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

    3,665,000        3,739,891   

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

    4,845,000        4,907,428   

3.704%, 06/11/27 (144A) (c)

    1,445,000        1,432,309   

3.732%, 08/10/49 (144A) (c)

    766,000        800,431   

4.207%, 10/15/31 (144A) (c)

    2,845,000        2,615,872   

5.543%, 12/11/49 (144A) (c)

    2,690,000        2,797,210   

Core Industrial Trust

   

3.077%, 02/10/34 (144A)

    1,990,000        2,020,423   

Credit Suisse Commercial Mortgage Trust

   

5.448%, 01/15/49 (c)

    5,729        5,739   

Credit Suisse First Boston Mortgage Securities Corp.

   

4.771%, 07/15/37

    35,479        35,466   

DBRR Trust

   

1.636%, 12/18/49 (144A) (c)

    2,595,910        2,595,910   

5.901%, 06/17/49 (144A) (c)

    3,160,000        3,286,555   

Del Coronado Trust

   

5.207%, 03/15/18 (144A) (c)

    2,555,000        2,542,225   

Commercial Mortgage-Backed Securities—(Continued)

  

Extended Stay America Trust

   

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

    3,210,000      3,208,523   

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

    4,640,000        4,672,744   

GAHR Commericial Mortgage Trust

   

3.495%, 12/15/19 (144A) (c)

    5,307,000        4,837,309   

Greenwich Capital Commercial Mortgage Trust

   

5.867%, 12/10/49 (c)

    520,000        549,210   

GS Mortgage Securities Corp. II

   

1.777%, 02/10/46 (c) (d)

    101,749,614        8,998,024   

3.550%, 12/10/27 (144A) (c)

    7,062,358        6,817,732   

GS Mortgage Securities Trust

   

5.598%, 04/10/38 (c)

    820,000        823,668   

Hilton USA Trust

   

0.100%, 11/05/30 (144A) (c) (d)

    64,000,000        10,176   

4.602%, 11/05/30 (144A) (c)

    6,747,000        6,812,365   

JPMBB Commercial Mortgage Securities Trust

   

1.349%, 10/15/48 (c) (d)

    5,105,972        370,704   

JPMorgan Chase Commercial Mortgage Securities Corp.

   

2.022%, 12/15/47 (c) (d)

    9,591,972        788,940   

JPMorgan Chase Commercial Mortgage Securities Trust

   

0.725%, 04/15/46 (c) (d)

    4,900,000        185,146   

1.457%, 01/15/32 (144A) (c)

    330,000        328,420   

1.607%, 11/15/31 (144A) (c)

    3,355,000        3,340,483   

1.706%, 02/12/51 (c)

    1,270,672        1,251,864   

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

    1,140,000        1,184,491   

3.507%, 01/15/32 (144A) (c)

    880,000        872,396   

3.958%, 04/15/46 (c)

    2,230,000        2,205,697   

5.431%, 06/12/47 (c)

    11,142,582        11,574,970   

5.464%, 01/15/49 (c)

    140,000        143,908   

6.279%, 02/12/51 (c)

    240,000        245,096   

LB-UBS Commercial Mortgage Trust

   

5.484%, 02/15/40

    190,000        195,361   

Merrill Lynch Mortgage Trust

   

5.137%, 07/12/38 (c)

    45,431        45,420   

5.597%, 11/12/37 (c)

    2,765,157        2,764,029   

6.032%, 06/12/50 (c)

    2,959,383        3,077,021   

Morgan Stanley Bank of America Merrill Lynch Trust

   

1.367%, 11/15/46 (c) (d)

    33,210,884        2,204,671   

Morgan Stanley Capital I Trust

   

0.376%, 02/12/44 (c)

    720,000        705,889   

5.389%, 11/12/41 (c)

    450,000        458,648   

5.406%, 03/15/44

    3,090,000        3,208,270   

5.902%, 04/12/49 (c)

    2,375,000        2,489,081   

Morgan Stanley Re-REMIC Trust

   

Zero Coupon, 03/23/51 (144A) (m)

    1,189,265        1,150,614   

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

    1,230,446        1,222,079   

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

    2,303,666        2,288,692   

5.988%, 08/15/45 (144A) (c)

    1,560,000        1,642,306   

RBSCF Trust

   

6.150%, 02/16/51 (144A) (c)

    8,688,929        8,895,995   

SCG Trust

   

1.607%, 11/15/26 (144A) (c)

    5,285,000        5,256,487   

2.157%, 11/15/26 (144A) (c)

    3,290,000        3,263,170   

 

MSF-33


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

STRIPs, Ltd.

   

0.500%, 12/25/44 (144A)

    2,370,000      $ 2,354,358   

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

    2,722,517        2,695,870   

UBS-Barclays Commercial Mortgage Trust

   

3.406%, 02/15/28 (144A) (c)

    1,380,000        1,364,825   

VFC LLC

   

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

    1,562,657        1,561,926   

Wachovia Bank Commercial Mortgage Trust

   

0.607%, 09/15/21 (144A) (c)

    1,741,599        1,701,519   

5.339%, 11/15/48

    945,000        979,487   

5.632%, 10/15/48 (c)

    341,000        346,038   

6.150%, 02/15/51 (c)

    1,074,398        1,105,691   

Wells Fargo Commercial Mortgage Trust

   

1.147%, 02/15/48 (c) (d)

    8,890,803        622,561   

Wells Fargo Resecuritization Trust

   

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

    1,159,672        1,159,672   

WF-RBS Commercial Mortgage Trust

   

1.132%, 11/15/47 (c) (d)

    25,806,656        1,662,078   

1.379%, 05/15/47 (c) (d)

    12,137,266        826,754   

1.607%, 03/15/47 (c) (d)

    27,332,423        2,064,035   

1.613%, 03/15/48 (144A) (c) (d)

    64,194,790        4,630,755   
   

 

 

 
      205,576,173   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $325,104,588)

      310,586,839   
   

 

 

 
Foreign Government—2.5%   

Sovereign—2.5%

  

Brazilian Government International Bond

   

4.250%, 01/07/25 (i)

    7,906,000        6,917,750   

Colombia Government International Bond

   

4.000%, 02/26/24

    5,175,000        5,014,575   

Deutsche Bundesrepublik Inflation Linked Bond

   

0.100%, 04/15/26 (EUR) (g)

    16,209,144        19,101,934   

Hellenic Republic Government Bonds

   

3.000%, 02/24/23 (EUR) (n)

    28,639        22,716   

3.000%, 02/24/24 (EUR) (n)

    28,639        22,365   

3.000%, 02/24/25 (EUR) (n)

    28,639        21,990   

3.000%, 02/24/26 (EUR) (n)

    28,639        21,633   

3.000%, 02/24/27 (EUR) (n)

    28,639        21,269   

3.000%, 02/24/28 (EUR) (n)

    28,639        20,972   

3.000%, 02/24/29 (EUR) (n)

    28,639        20,595   

3.000%, 02/24/30 (EUR) (n)

    28,639        20,164   

3.000%, 02/24/31 (EUR) (n)

    28,639        19,931   

3.000%, 02/24/32 (EUR) (n)

    28,639        19,574   

3.000%, 02/24/33 (EUR) (n)

    28,639        19,279   

3.000%, 02/24/34 (EUR) (n)

    28,639        19,021   

3.000%, 02/24/35 (EUR) (n)

    28,639        18,759   

3.000%, 02/24/36 (EUR) (n)

    28,639        18,554   

3.000%, 02/24/37 (EUR) (n)

    28,639        18,443   

3.000%, 02/24/38 (EUR) (n)

    28,639        18,282   

3.000%, 02/24/39 (EUR) (n)

    28,639        18,215   

3.000%, 02/24/40 (EUR) (n)

    28,639        18,192   

3.000%, 02/24/41 (EUR) (n)

    28,639        18,254   

3.000%, 02/24/42 (EUR) (n)

    28,639        18,297   

Sovereign—(Continued)

  

Indonesia Government International Bonds

   

5.375%, 10/17/23 (144A)

    2,630,000      2,718,684   

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

    3,417,000        3,617,605   

6.625%, 02/17/37 (144A)

    1,100,000        1,156,766   

6.625%, 02/17/37

    340,000        357,546   

Indonesia Treasury Bond

   

8.375%, 03/15/34 (IDR)

    7,115,000,000        421,125   

Mexican Bonos

   

4.750%, 06/14/18 (MXN)

    162,400,000        9,642,160   

5.000%, 12/11/19 (MXN)

    19,000,000        1,116,746   

8.000%, 12/07/23 (MXN)

    81,000,000        5,399,519   

Mexico Government International Bonds

   

4.000%, 10/02/23

    16,050,000        16,346,925   

6.050%, 01/11/40

    562,000        615,390   

Perusahaan Penerbit SBSN Indonesia III

   

4.325%, 05/28/25 (144A)

    2,221,000        2,046,207   

Peruvian Government International Bond

   

7.350%, 07/21/25

    2,900,000        3,617,750   

Russian Foreign Bond - Eurobond

   

5.625%, 04/04/42

    1,600,000        1,496,320   

Slovenia Government Bond

   

4.625%, 09/09/24 (EUR)

    1,705,000        2,357,643   

Slovenia Government International Bonds

   

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

    2,015,000        2,125,825   

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

    1,493,000        1,642,300   

5.500%, 10/26/22 (144A) (i)

    2,338,000        2,625,583   

Turkey Government International Bond

   

5.750%, 03/22/24 (i)

    10,500,000        10,883,250   
   

 

 

 

Total Foreign Government
(Cost $104,143,072)

      99,618,108   
   

 

 

 
Municipals—1.7%   

Arizona Health Facilities Authority

   

5.000%, 01/01/44

    415,000        456,703   

Atlanta GA Water & Wastewater Revenue

   

5.000%, 11/01/43

    370,000        418,662   

Bay Area Toll Authority

   

5.000%, 10/01/54

    65,000        71,100   

Bay Area Toll Bridge Authority Build America Bonds

   

7.043%, 04/01/50

    460,000        633,544   

Board of Governors of Colorado State University System

   

5.000%, 03/01/45

    445,000        497,332   

Central Texas Turnpike System

   

5.000%, 08/15/37

    845,000        921,955   

Charleston SC Waterworks & Sewer System Revenue

   

5.000%, 01/01/45

    645,000        739,976   

Chicago Board of Education

   

5.000%, 12/01/42

    750,000        623,895   

Colorado Health Facilities Authority

   

5.250%, 01/01/45

    375,000        406,391   

County of Miami-Dade FL Aviation Revenue

   

5.000%, 10/01/38

    1,850,000        2,020,218   

 

MSF-34


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Municipals—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Fremont Union High School District

   

5.000%, 08/01/40

    520,000      $ 594,433   

Hillsborough County Aviation Authority

   

5.000%, 10/01/44

    695,000        770,282   

Los Angeles Community College District

   

6.600%, 08/01/42

    1,150,000        1,550,027   

Los Angeles Department of Water & Power

   

5.000%, 07/01/44

    150,000        169,337   

Los Angeles, Unified School District, Build America Bonds

   

6.758%, 07/01/34

    640,000        844,685   

Maryland Health & Higher Educational Facilities Authority

   

5.000%, 07/01/39

    520,000        566,405   

Massachusetts Development Finance Agency

   

5.000%, 07/01/44

    3,095,000        3,298,682   

Massachusetts Educational Financing Authority

   

5.000%, 01/01/22

    1,000,000        1,136,190   

Metropolitan Transportation Authority Build America Bonds

   

5.250%, 11/15/55

    2,885,000        3,231,402   

6.668%, 11/15/39

    170,000        220,612   

6.814%, 11/15/40

    1,005,000        1,327,344   

Municipal Electric Authority of Georgia, Build America Bonds

   

6.637%, 04/01/57

    1,000,000        1,172,150   

New Jersey State Turnpike Authority

   

7.414%, 01/01/40

    1,451,000        2,017,877   

New York City Transitional Finance Authority Building Aid Revenue

   

5.000%, 07/15/36

    560,000        639,985   

New York City Water & Sewer System

   

5.375%, 06/15/43

    2,360,000        2,761,200   

5.500%, 06/15/43

    2,825,000        3,328,754   

5.882%, 06/15/44

    1,150,000        1,469,700   

New York State Dormitory Authority Build America Bonds

   

5.389%, 03/15/40

    1,075,000        1,295,203   

New York State Thruway Authority

   

5.000%, 01/01/31

    730,000        840,018   

New York State Urban Development Corp.

   

5.000%, 03/15/44

    965,000        1,080,501   

North Carolina Department of Transportation

   

5.000%, 06/30/54

    1,000,000        1,043,010   

North Carolina State Medical Care Commission

   

5.000%, 06/01/40

    340,000        372,990   

5.000%, 06/01/45

    885,000        962,659   

North Dakota Public Finance Authority

   

5.000%, 06/01/45

    715,000        798,476   

Orange County Sanitation District

   

5.000%, 02/01/34

    500,000        587,150   

Pennsylvania Economic Development Financing Authority

   

5.000%, 12/31/38

    1,000,000        1,053,460   

Port Authority of New York & New Jersey

   

4.960%, 08/01/46

    1,910,000        2,083,409   

Sacramento County CA, Airport System Revenue

   

5.250%, 07/01/39

    725,000      781,028   

Sales Tax Asset Receivable Corp.

   

5.000%, 10/15/24

    750,000        937,103   

San Antonio Service Board, Build America Bonds

   

5.808%, 02/01/41

    470,000        591,072   

San Jose CA, Airport Revenue

   

5.000%, 03/01/37

    860,000        896,541   

South Carolina State Public Service Authority

   

5.000%, 12/01/46

    1,325,000        1,443,707   

State of California General Obligation Unlimited, Build America Bonds

   

7.550%, 04/01/39

    780,000        1,123,512   

7.600%, 11/01/40

    4,580,000        6,702,784   

State of Illinois, Build America Bonds

   

5.100%, 06/01/33

    5,120,000        4,796,416   

State of Minnesota General Obligation Unlimited

   

5.000%, 08/01/32

    695,000        832,082   

5.000%, 08/01/35

    350,000        414,719   

Tulare CA Sewer Revenue

   

5.000%, 11/15/45

    375,000        417,469   

University of California CA, Revenue

   

4.858%, 05/15/2112

    980,000        930,461   

Utah Transit Authority Series A

   

5.000%, 06/15/27

    3,500,000        4,289,600   

Wisconsin Health & Educational Facilities Authority

   

5.000%, 08/15/39

    965,000        1,050,634   
   

 

 

 

Total Municipals
(Cost $66,265,931)

      67,212,845   
   

 

 

 
Preferred Stocks—0.4%   

Banks—0.4%

  

Citigroup Capital XIII,
7.875% (c)

    292,339        7,510,189   

GMAC Capital Trust I,
8.125% (c)

    250,000        6,382,500   
   

 

 

 
      13,892,689   
   

 

 

 

Diversified Financial Services—0.0%

  

RBS Capital Funding Trust V
Series E, 5.900%

    4,782        116,537   

RBS Capital Funding Trust VII,
Series G, 6.080%

    4,878        119,267   
   

 

 

 
      235,804   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

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

    70,000        343,000   

 

MSF-35


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Preferred Stocks—(Continued)

 

Security Description       
Shares/
Notional
Amount*
    Value  

Thrifts & Mortgage Finance—(Continued)

  

Federal National Mortgage Association
Series S, 8.250% (c)

    70,000      $ 339,500   
   

 

 

 
      682,500   
   

 

 

 

Total Preferred Stocks
(Cost $15,035,822)

      14,810,993   
   

 

 

 
Purchased Options—0.1%   

Currency Options—0.1%

  

EUR Put/USD Call, Strike Price USD 1.01, Expires 11/02/15 (Counterparty - BNP Paribas S.A.) (EUR)

    2,451,000        17,802   

EUR Put/USD Call, Strike Price USD 1.11, Expires 10/12/15 (Counterparty - Deutsche Bank AG) (EUR)

    3,056,000        15,367   

USD Call/BRL Put, Strike Price BRL 3.55, Expires 10/08/15 (Counterparty - Morgan Stanley & Co.)

    1,701,000        192,011   

USD Call/BRL Put, Strike Price BRL 3.75, Expires 10/08/15 (Counterparty - Goldman Sachs & Co.)

    1,701,000        100,359   

USD Call/BRL Put, Strike Price BRL 4.00, Expires 12/11/15 (Counterparty - Morgan Stanley & Co.)

    1,216,000        63,475   

USD Call/CNH Put, Strike Price CNH 6.54, Expires 12/15/15 (Counterparty - BNP Paribas S.A.)

    1,690,000        12,055   

USD Call/CNH Put, Strike Price CNH 6.55, Expires 02/29/16 (Counterparty - Bank of America N.A.)

    42,140,000        560,462   

USD Call/CNY Put, Strike Price CNY 6.05, Expires 11/13/15 (Counterparty - Standard Chartered Bank)

    1,690,000        5,817   

USD Call/JPY Put, Strike Price JPY 121.50, Expires 10/09/15 (Counterparty - HSBC Bank plc)

    2,856,000        6,854   

USD Call/KRW Put, Strike Price KRW 1180.00, Expires 10/3015 (Counterparty - Deutsche Bank AG)

    1,960,000        31,985   

USD Call/KRW Put, Strike Price KRW 1195.00, Expires 11/02/15 (Counterparty - JPMorgan Chase Bank N.A.)

    2,480,000        26,784   

USD Call/SAR Put, Strike Price JPY 3.778, Expires 08/16/16 (Counterparty - Citibank N.A.)

    20,450,000        174,970   

USD Call/SAR Put, Strike Price SAR 3.778, Expires 08/16/16 (Counterparty - BNP Paribas S.A.) (SAR)

    20,475,000        175,184   

USD Put/MXN Call, Strike Price MXN 17.00, Expires 10/26/15 (Counterparty - Goldman Sachs & Co.)

    2,085,000        32,324   

Currency Options—(Continued)

  

USD Put/MYR Call, Strike Price MYR 4.125, Expires 11/18/15 (Counterparty - JPMorgan Chase Bank N.A.)

    1,690,000      5,408   

USD Put/ZAR Call, Strike Price ZAR 13.25, Expires 11/06/15 (Counterparty - HSBC Bank plc)

    1,667,000        7,502   

USD Put/ZAR Call, Strike Price ZAR 13.50, Expires 11/27/15 (Counterparty - Deutsche Bank AG)

    1,826,000        22,642   
   

 

 

 
      1,451,001   
   

 

 

 

Interest Rate Swaptions—0.0%

  

Call - OTC - 2 Year Interest Rate Swap, Exercise Rate 1.92%, Expires 11/09/15 (Counterparty - Deutsche Bank AG) (KRW)

    6,513,071,110        45,272   

Put - OTC - 30 Year Interest Rate Swap, Exercise Rate 3.05%, Expires 11/27/15 (Counterparty - Barclays Bank plc)

    30,550,000        72,825   
   

 

 

 
      118,097   
   

 

 

 

Total Purchased Options
(Cost $1,971,213)

      1,569,098   
   

 

 

 
Short-Term Investments—1.6%   

Mutual Fund—1.6%

  

State Street Navigator Securities Lending MET Portfolio (o)

    60,578,645        60,578,645   
   

 

 

 

Repurchase Agreement—0.0%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $651,005 on 10/01/15, collateralized by $655,000 U.S. Treasury Notes with rates ranging from 1.625% - 2.000%, maturity dates ranging from 07/31/20 - 10/31/20, with a value of $668,125.

    651,005        651,005   
   

 

 

 

Total Short-Term Investments
(Cost $61,229,650)

      61,229,650   
   

 

 

 

Total Investments—111.8%
(Cost $4,417,094,191) (p)

      4,390,909,936   

Other assets and liabilities (net)—(11.8)%

      (461,890,766
   

 

 

 
Net Assets—100.0%     $ 3,929,019,170   
   

 

 

 

 

* Principal and notional amounts 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

 

MSF-36


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

 

  defined maturity date. The actual principal and maturity date will be determined upon settlement date.
(b) All or a portion of the security was pledged as collateral against open swap contracts. As of September 30, 2015, the market value of securities pledged was $300,886.
(c) Variable or floating rate security. The stated rate represents the rate at September 30, 2015. Maturity date shown for callable securities reflects the earliest possible call date.
(d) Interest only security.
(e) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2015, the market value of securities pledged was $9,383,823.
(f) All or a portion of the security was pledged as collateral against open reverse repurchase agreements. As of September 30, 2015, the value of securities pledged amounted to $139,892,717.
(g) Principal amount of security is adjusted for inflation.
(h) All or a portion of the security was pledged as collateral against TBA securities. As of September 30, 2015, the value of securities pledged amounted to $468,394.
(i) All or a portion of the security was held on loan. As of September 30, 2015, the market value of securities loaned was $124,112,072 and the collateral received consisted of cash in the amount of $60,578,645 and non-cash collateral with a value of $67,405,570. 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.
(j) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(k) Non-income producing; security is in default and/or issuer is in bankruptcy.
(l) 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, 2015, 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.
(m) Principal only security.
(n) Security is a “step-up” bond where coupon increases or steps up at a predetermined date. Rate shown is current coupon rate.
(o) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(p) As of September 30, 2015, the aggregate cost of investments was $4,417,094,191. The aggregate unrealized appreciation and depreciation of investments were $40,180,247 and $(66,364,502), respectively, resulting in net unrealized depreciation of $(26,184,255).
(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, 2015, the market value of 144A securities was $655,847,597, which is 16.7% of net assets.
(ACES)— Alternative Credit Enhancement Securities
(ARM)— Adjustable-Rate Mortgage
(BRL)— Brazilian Real
(CDO)— Collateralized Debt Obligation
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation
(CNH)— Chinese Renminbi
(CNY)— Chinese Yuan
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(JPY)— Japanese Yen
(KRW)— South Korea Won
(MXN)— Mexican Peso
(MYR)— Malaysian Ringgit
(REMIC)— Real Estate Mortgage Investment Conduit
(SAR)— Saudi Arabian Riyal
(ZAR)— South African Rand

 

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Knollwood CDO, Ltd.

     02/10/04       $ 780,443       $ 780,443       $ 8   
           

 

 

 

Reverse Repurchase Agreements

 

Counterparty

   Interest
Rate
    Settlement
Date
     Maturity
Date
     Principal
Amount
     Net Closing
Amount
 

Deutsche Bank AG

     0.200     09/30/15         10/01/15         USD        2,992,500       $ 2,992,500   

Deutsche Bank AG

     0.300     09/30/15         10/01/15         USD        8,010,000         8,010,000   

Bank of America N.A.

     0.200     09/30/15         10/01/15         USD        128,725,000         128,725,000   
               

 

 

 

Total

  

   $ 139,727,500   
               

 

 

 

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

 

MSF-37


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

TBA Forward Sale Commitments

 

Security Description

   Interest
Rate
    Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     3.000     TBA       $ (13,646,000   $ (14,196,637   $ (14,209,962

Fannie Mae 15 Yr. Pool

     3.500     TBA         (49,780,000     (52,413,673     (52,580,125

Fannie Mae 15 Yr. Pool

     4.000     TBA         (14,200,000     (14,861,187     (14,861,189

Fannie Mae 30 Yr. Pool

     3.000     TBA         (19,000,000     (19,247,148     (19,247,148

Fannie Mae 30 Yr. Pool

     3.500     TBA         (220,038,000     (228,027,414     (229,534,004

Fannie Mae 30 Yr. Pool

     4.500     TBA         (10,700,000     (11,584,422     (11,588,936

Fannie Mae 30 Yr. Pool

     4.500     TBA         (35,660,000     (38,600,094     (38,655,996

Fannie Mae 30 Yr. Pool

     5.000     TBA         (13,400,000     (14,767,219     (14,764,340

Fannie Mae 30 Yr. Pool

     5.000     TBA         (53,200,000     (58,586,500     (58,583,382

Freddie Mac 15 Yr. Gold Pool

     3.000     TBA         (4,124,000     (4,270,917     (4,290,248

Freddie Mac 30 Yr. Gold Pool

     3.000     TBA         (17,780,000     (17,799,100     (17,962,389

Freddie Mac 30 Yr. Gold Pool

     3.500     TBA         (36,353,000     (37,595,119     (37,824,162

Freddie Mac 30 Yr. Gold Pool

     4.500     TBA         (7,006,000     (7,577,291     (7,581,806

Ginnie Mae I 30 Yr. Pool

     3.500     TBA         (17,200,000     (17,874,563     (17,998,453

Ginnie Mae I 30 Yr. Pool

     4.000     TBA         (5,038,000     (5,356,024     (5,370,050

Ginnie Mae I 30 Yr. Pool

     4.500     TBA         (3,100,000     (3,360,109     (3,359,141

Ginnie Mae II 30 Yr. Pool

     3.500     TBA         (10,481,000     (10,916,617     (10,981,711

Ginnie Mae II 30 Yr. Pool

     5.000     TBA         (1,200,000     (1,303,547     (1,299,187
         

 

 

   

 

 

 

Totals

  

  $ (558,337,581   $ (560,692,229
         

 

 

   

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
BRL     1,037,308      

BNP Paribas S.A.

     10/02/15       $ 261,096       $ 553   
BRL     4,487,130      

BNP Paribas S.A.

     10/02/15         1,183,393         (51,565
BRL     9,220,938      

BNP Paribas S.A.

     10/02/15         2,375,000         (49,122
BRL     2,849,868      

Deutsche Bank AG

     10/02/15         717,327         1,520   
BRL     1,510,857      

Goldman Sachs & Co.

     10/02/15         394,222         (13,126
BRL     1,644,720      

Goldman Sachs & Co.

     10/02/15         413,985         877   
BRL     1,704,013      

Goldman Sachs & Co.

     10/02/15         428,909         909   
BRL     2,477,475      

Goldman Sachs & Co.

     10/02/15         623,594         1,321   
BRL     2,616,080      

Goldman Sachs & Co.

     10/02/15         658,481         1,395   
BRL     2,846,712      

Goldman Sachs & Co.

     10/02/15         716,533         1,518   
BRL     3,218,570      

Goldman Sachs & Co.

     10/02/15         822,480         (10,632
BRL     3,622,325      

Goldman Sachs & Co.

     10/02/15         911,758         1,932   
BRL     3,891,871      

Goldman Sachs & Co.

     10/02/15         1,025,607         (43,927
BRL     4,523,191      

Goldman Sachs & Co.

     10/02/15         1,138,511         2,412   
BRL     4,600,540      

Goldman Sachs & Co.

     10/02/15         1,190,000         (29,566
BRL     6,884,466      

Goldman Sachs & Co.

     10/02/15         1,783,000         (46,472
BRL     21,671,969      

Goldman Sachs & Co.

     10/02/15         5,454,949         11,558   
BRL     5,274,890      

JPMorgan Chase Bank N.A.

     10/02/15         1,379,778         (49,247
BRL     2,167,777      

Morgan Stanley & Co.

     10/02/15         545,641         1,156   
BRL     2,946,967      

Morgan Stanley & Co.

     10/02/15         741,767         1,572   
BRL     4,349,865      

Morgan Stanley & Co.

     10/02/15         1,094,884         2,320   
BRL     6,270,968      

Morgan Stanley & Co.

     10/02/15         1,625,867         (44,086
BRL     1,670,457      

Royal Bank of Scotland plc

     10/02/15         411,240         10,114   
BRL     2,475,168      

Royal Bank of Scotland plc

     10/02/15         623,013         1,320   
BRL     3,010,160      

Royal Bank of Scotland plc

     10/02/15         788,000         (28,721
BRL     3,011,342      

Royal Bank of Scotland plc

     10/02/15         788,000         (28,423
BRL     1,503,078      

UBS AG

     10/02/15         378,333         802   
BRL     2,258,737      

UBS AG

     10/02/15         568,536         1,205   
BRL     3,456,883      

UBS AG

     10/02/15         822,480         49,479   
BRL     6,095,968      

UBS AG

     10/02/15         1,576,000         (38,361
CLP     538,938,760      

Credit Suisse International

     10/13/15         782,000         (8,468

 

MSF-38


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
CLP     403,958,138      

BNP Paribas S.A.

     10/21/15       $ 591,750       $ (12,387
CLP     1,092,646,896      

BNP Paribas S.A.

     10/26/15         1,572,000         (5,638
CNY     55,216,500      

Bank of America N.A.

     03/02/16         8,430,000         169,713   
COP     1,768,626,600      

Credit Suisse International

     10/01/15         566,515         6,263   
COP     1,833,062,363      

Credit Suisse International

     10/01/15         591,333         2,312   
COP     3,690,025,430      

Credit Suisse International

     10/01/15         1,181,966         13,066   
COP     3,666,858,010      

Goldman Sachs & Co.

     10/01/15         1,182,667         4,862   
COP     1,228,830,890      

Credit Suisse International

     10/13/15         391,000         6,475   
COP     593,970,000      

Royal Bank of Scotland plc

     10/13/15         195,000         (2,876
COP     1,372,168,000      

Deutsche Bank AG

     10/19/15         458,000         (14,457
EUR     955,000      

Goldman Sachs & Co.

     10/01/15         1,062,686         4,431   
EUR     130,000      

Citibank N.A.

     10/20/15         142,504         2,796   
EUR     1,755,000      

Commonwealth Bank of Australia

     10/20/15         1,915,733         45,826   
EUR     141,000      

Goldman Sachs & Co.

     10/20/15         158,440         (845
EUR     316,000      

Goldman Sachs & Co.

     10/20/15         357,603         (4,411
EUR     1,146,000      

UBS AG

     10/22/15         1,280,575         346   
GBP     400,000      

State Street Bank and Trust

     10/20/15         615,660         (10,614
GBP     6,640,000      

UBS AG

     12/16/15         10,103,139         (61,603
GBP     6,640,000      

UBS AG

     12/16/15         10,103,138         (61,603
IDR     16,605,540,000      

BNP Paribas S.A.

     10/21/15         1,146,000         (20,773
IDR     8,537,700,000      

BNP Paribas S.A.

     10/29/15         573,000         3,774   
JPY     136,631,362      

Credit Suisse International

     10/29/15         1,143,000         (3,708
MXN     16,697,417      

Deutsche Bank AG

     10/02/15         986,000         1,726   
MXN     20,279,106      

Deutsche Bank AG

     10/02/15         1,182,800         16,799   
MXN     101,105,687      

Deutsche Bank AG

     10/02/15         5,915,000         65,851   
MXN     16,671,584      

JPMorgan Chase Bank N.A.

     10/02/15         986,000         198   
MXN     16,567,857      

UBS AG

     10/02/15         986,000         (5,938
MXN     29,646,244      

Morgan Stanley & Co.

     10/14/15         1,771,000         (19,011
MXN     62,947,630      

Morgan Stanley & Co.

     10/14/15         3,742,100         (22,116
MXN     20,314,476      

Bank of America N.A.

     10/15/15         1,183,000         17,416   
MXN     9,669,374      

Goldman Sachs & Co.

     10/15/15         570,000         1,379   
MXN     10,016,242      

Goldman Sachs & Co.

     10/15/15         591,500         376   
MXN     13,356,192      

Goldman Sachs & Co.

     10/15/15         789,000         239   
MXN     2,914,216      

JPMorgan Chase Bank N.A.

     10/15/15         171,000         1,206   
MXN     20,067,975      

UBS AG

     10/15/15         1,185,000         850   
MXN     57,255,402      

Citibank N.A.

     11/30/15         3,356,500         14,375   
MXN     57,257,751      

Citibank N.A.

     11/30/15         3,356,500         14,513   
MXN     114,527,721      

Deutsche Bank AG

     11/30/15         6,713,667         29,079   
MXN     114,487,658      

Goldman Sachs & Co.

     11/30/15         6,713,333         27,054   
MXN     309,424,860      

Deutsche Bank AG

     12/16/15         18,680,000         (484,583
MXN     339,781,940      

Morgan Stanley & Co.

     12/16/15         20,140,000         (159,466
MYR     2,500,872      

JPMorgan Chase Bank N.A.

     10/08/15         586,000         (17,320
MYR     2,921,023      

JPMorgan Chase Bank N.A.

     10/15/15         676,000         (12,101
MYR     1,270,500      

Standard Chartered Bank

     11/20/15         308,000         (19,897
RUB     30,754,000      

Citibank N.A.

     12/09/15         455,615         5,212   
RUB     76,794,750      

HSBC Bank plc

     12/09/15         1,122,730         27,985   
RUB     75,858,000      

Morgan Stanley & Co.

     12/09/15         1,082,294         54,384   
TRY     3,523,739      

Credit Suisse International

     10/19/15         1,154,000         4,187   
TRY     3,502,900      

Deutsche Bank AG

     10/19/15         1,150,000         1,337   
TRY     2,926,176      

JPMorgan Chase Bank N.A.

     10/19/15         960,000         1,779   
TRY     25,760,000      

Deutsche Bank AG

     10/28/15         10,651,230         (2,208,091
TRY     26,173,000      

Deutsche Bank AG

     12/02/15         9,762,402         (1,274,792
TRY     24,480,000      

Deutsche Bank AG

     02/02/16         9,339,590         (1,545,085
TRY     32,750,000      

Deutsche Bank AG

     02/02/16         12,508,116         (2,080,418
ZAR     7,790,432      

BNP Paribas S.A.

     10/06/15         562,200         (439
ZAR     15,464,338      

Citibank N.A.

     10/06/15         1,125,000         (9,880
ZAR     2,579,932      

Credit Suisse International

     10/06/15         186,800         (763

 

MSF-39


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
ZAR     5,411,892      

Citibank N.A.

     10/14/15       $ 387,000       $ 2,714   
ZAR     16,091,209      

Morgan Stanley & Co.

     10/14/15         1,157,000         1,738   
ZAR     13,158,626      

BNP Paribas S.A.

     10/28/15         967,000         (21,714
ZAR     15,547,500      

BNP Paribas S.A.

     10/28/15         1,125,000         (8,103
ZAR     7,882,502      

Credit Suisse International

     10/28/15         568,600         (2,339

Contracts to Deliver

                           
AUD     1,977,000      

UBS AG

     10/20/15         1,477,926         91,639   
AUD     27,330,000      

Bank of America N.A.

     12/16/15         19,057,756         (49,169
BRL     9,220,938      

BNP Paribas S.A.

     10/02/15         2,320,959         (4,918
BRL     4,487,130      

BNP Paribas S.A.

     10/02/15         1,129,434         (2,393
BRL     1,037,308      

BNP Paribas S.A.

     10/02/15         281,000         19,351   
BRL     2,849,868      

Deutsche Bank AG

     10/02/15         789,000         70,153   
BRL     21,671,969      

Goldman Sachs & Co.

     10/02/15         5,915,000         448,493   
BRL     6,884,466      

Goldman Sachs & Co.

     10/02/15         1,732,857         (3,672
BRL     4,600,540      

Goldman Sachs & Co.

     10/02/15         1,157,980         (2,454
BRL     4,523,191      

Goldman Sachs & Co.

     10/02/15         1,182,750         41,827   
BRL     3,891,871      

Goldman Sachs & Co.

     10/02/15         979,605         (2,076
BRL     3,622,325      

Goldman Sachs & Co.

     10/02/15         985,667         71,976   
BRL     3,218,570      

Goldman Sachs & Co.

     10/02/15         810,131         (1,717
BRL     2,846,712      

Goldman Sachs & Co.

     10/02/15         789,000         70,949   
BRL     2,616,080      

Goldman Sachs & Co.

     10/02/15         617,000         (42,876
BRL     2,477,475      

Goldman Sachs & Co.

     10/02/15         630,000         5,085   
BRL     1,704,013      

Goldman Sachs & Co.

     10/02/15         411,200         (18,618
BRL     1,644,720      

Goldman Sachs & Co.

     10/02/15         420,000         5,138   
BRL     1,510,857      

Goldman Sachs & Co.

     10/02/15         380,291         (806
BRL     5,274,890      

JPMorgan Chase Bank N.A.

     10/02/15         1,327,718         (2,813
BRL     6,270,968      

Morgan Stanley & Co.

     10/02/15         1,578,436         (3,344
BRL     4,349,865      

Morgan Stanley & Co.

     10/02/15         1,182,800         85,596   
BRL     2,946,967      

Morgan Stanley & Co.

     10/02/15         782,000         38,661   
BRL     2,167,777      

Morgan Stanley & Co.

     10/02/15         591,400         44,603   
BRL     3,011,342      

Royal Bank of Scotland plc

     10/02/15         757,971         (1,606
BRL     3,010,160      

Royal Bank of Scotland plc

     10/02/15         757,673         (1,605
BRL     2,475,168      

Royal Bank of Scotland plc

     10/02/15         608,000         (16,333
BRL     1,670,457      

Royal Bank of Scotland plc

     10/02/15         420,463         (891
BRL     6,095,968      

UBS AG

     10/02/15         1,534,387         (3,251
BRL     3,456,883      

UBS AG

     10/02/15         870,116         (1,844
BRL     2,258,737      

UBS AG

     10/02/15         586,000         16,259   
BRL     1,503,078      

UBS AG

     10/02/15         394,250         15,116   
BRL     2,057,076      

Royal Bank of Scotland plc

     11/04/15         504,000         (9,187
CLP     529,888,674      

BNP Paribas S.A.

     10/13/15         782,000         21,458   
CLP     400,224,195      

BNP Paribas S.A.

     10/21/15         591,750         17,742   
CLP     559,101,450      

BNP Paribas S.A.

     10/26/15         786,000         (15,499
CLP     553,139,640      

Credit Suisse International

     10/26/15         786,000         (6,952
CNH     55,216,500      

Standard Chartered Bank

     03/02/16         8,430,000         (114,808
COP     3,690,025,430      

Credit Suisse International

     10/01/15         1,183,000         (12,032
COP     1,833,062,363      

Credit Suisse International

     10/01/15         587,155         (6,491
COP     1,768,626,600      

Credit Suisse International

     10/01/15         591,000         18,222   
COP     3,666,858,010      

Goldman Sachs & Co.

     10/01/15         1,174,545         (12,984
COP     1,171,101,477      

Credit Suisse International

     10/13/15         390,667         11,864   
COP     597,063,670      

Credit Suisse International

     10/13/15         195,333         2,208   
COP     1,400,573,160      

Credit Suisse International

     10/19/15         458,000         5,275   
EUR     434,817      

Goldman Sachs & Co.

     10/02/15         487,068         1,204   
EUR     21,352,800      

UBS AG

     10/20/15         23,566,658         (299,312
EUR     1,146,000      

Goldman Sachs & Co.

     10/22/15         1,301,799         20,878   
EUR     2,053,435      

Goldman Sachs & Co.

     11/16/15         2,314,237         18,135   

 

MSF-40


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
EUR     434,817      

Goldman Sachs & Co.

     12/02/15       $ 486,909       $ 580   
GBP     2,670,000      

HSBC Bank plc

     10/20/15         4,154,053         115,368   
GBP     13,280,000      

Goldman Sachs & Co.

     12/16/15         20,596,350         513,279   
IDR     8,454,615,000      

Morgan Stanley & Co.

     10/21/15         573,000         97   
IDR     20,088,819,899      

Standard Chartered Bank

     11/13/15         1,369,848         23,277   
JPY     138,246,993      

Royal Bank of Scotland plc

     10/29/15         1,143,000         (9,764
KRW     463,507,389      

JPMorgan Chase Bank N.A.

     10/23/15         392,480         1,734   
KRW     1,173,276,000      

Standard Chartered Bank

     10/26/15         981,000         (7,986
MXN     23,258,520      

Bank of America N.A.

     10/02/15         1,380,000         4,155   
MXN     15,563,464      

Goldman Sachs & Co.

     10/02/15         946,800         26,152   
MXN     26,513,550      

JPMorgan Chase Bank N.A.

     10/02/15         1,575,000         6,606   
MXN     19,814,540      

JPMorgan Chase Bank N.A.

     10/02/15         1,183,000         10,882   
MXN     19,912,029      

Morgan Stanley & Co.

     10/02/15         1,185,000         7,115   
MXN     16,617,962      

Morgan Stanley & Co.

     10/02/15         986,000         2,974   
MXN     27,119,274      

UBS AG

     10/02/15         1,615,000         10,774   
MXN     19,436,963      

UBS AG

     10/02/15         1,185,000         35,217   
MXN     19,368,114      

Goldman Sachs & Co.

     10/13/15         1,150,949         6,268   
MXN     16,370,420      

Goldman Sachs & Co.

     10/14/15         986,000         18,566   
MXN     13,304,498      

Goldman Sachs & Co.

     10/14/15         778,100         (8,149
MXN     13,265,829      

Goldman Sachs & Co.

     10/14/15         787,000         3,036   
MXN     19,944,327      

UBS AG

     10/14/15         1,183,000         4,360   
MXN     16,595,093      

UBS AG

     10/14/15         990,000         9,288   
MXN     13,045,799      

UBS AG

     10/14/15         789,000         18,039   
MXN     19,569,143      

Barclays Bank plc

     10/15/15         1,143,000         (13,373
MXN     10,211,065      

Deutsche Bank AG

     10/15/15         591,500         (11,889
MXN     12,988,351      

Goldman Sachs & Co.

     10/15/15         762,000         (5,503
MXN     10,209,058      

JPMorgan Chase Bank N.A.

     10/15/15         591,500         (11,770
MXN     19,559,131      

UBS AG

     10/15/15         1,183,000         27,219   
MXN     76,697,707      

BNP Paribas S.A.

     10/20/15         4,523,413         (6,926
MXN     25,040,000      

BNP Paribas S.A.

     10/20/15         1,571,581         92,532   
MXN     95,776,587      

Goldman Sachs & Co.

     10/20/15         5,682,890         25,611   
MXN     19,841,045      

Goldman Sachs & Co.

     10/20/15         1,233,261         61,301   
MXN     16,296,546      

Goldman Sachs & Co.

     10/20/15         1,013,230         50,635   
MXN     12,222,409      

Goldman Sachs & Co.

     10/20/15         759,377         37,431   
MXN     339,399,280      

Morgan Stanley & Co.

     11/30/15         20,140,000         158,086   
MXN     451,665,928      

JPMorgan Chase Bank N.A.

     12/16/15         26,740,000         180,241   
MXN     200,469,545      

Morgan Stanley & Co.

     12/16/15         12,080,000         291,591   
MYR     2,511,010      

Deutsche Bank AG

     10/08/15         586,000         15,015   
MYR     2,711,183      

BNP Paribas S.A.

     10/26/15         633,750         18,006   
MYR     885,032      

BNP Paribas S.A.

     10/26/15         211,250         10,248   
MYR     3,971,734      

Deutsche Bank AG

     10/26/15         919,000         16,969   
MYR     1,270,500      

JPMorgan Chase Bank N.A.

     11/20/15         308,000         19,897   
RUB     9,430,678      

Deutsche Bank AG

     12/09/15         136,865         (4,447
RUB     178,649,016      

JPMorgan Chase Bank N.A.

     12/09/15         2,546,817         (130,112
TRY     2,898,864      

BNP Paribas S.A.

     10/19/15         960,000         7,198   
TRY     2,373,642      

BNP Paribas S.A.

     10/19/15         768,000         (12,172
TRY     1,763,539      

BNP Paribas S.A.

     10/19/15         576,000         (3,642
TRY     2,933,896      

Deutsche Bank AG

     10/19/15         960,000         (4,316
TRY     25,760,000      

BNP Paribas S.A.

     10/28/15         9,435,897         992,758   
TRY     26,173,000      

Deutsche Bank AG

     12/02/15         9,354,181         866,572   
TRY     49,397,676      

Deutsche Bank AG

     02/02/16         17,409,486         1,681,118   
TRY     7,832,324      

Deutsche Bank AG

     02/02/16         2,760,874         267,039   
ZAR     12,909,330      

BNP Paribas S.A.

     10/06/15         937,000         6,119   
ZAR     12,893,365      

BNP Paribas S.A.

     10/06/15         937,000         7,271   
ZAR     10,824,945      

BNP Paribas S.A.

     10/14/15         772,000         (7,511
ZAR     10,874,855      

Citibank N.A.

     10/14/15         772,000         (11,105
ZAR     10,288,740      

BNP Paribas S.A.

     10/28/15         748,000         8,880   

 

MSF-41


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Deliver

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
ZAR     3,030,733      

BNP Paribas S.A.

     10/28/15       $ 219,000       $ 1,279   
ZAR     10,440,549      

Credit Suisse International

     10/28/15         749,600         (425
ZAR     13,000,768      

JPMorgan Chase Bank N.A.

     10/28/15         944,000         10,054   
             

 

 

 

Net Unrealized Depreciation

  

   $ (1,964,535
             

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

90 Day EuroDollar Futures

     09/19/16         780        USD        193,246,061      $ 213,439   

U.S. Treasury Long Bond Futures

     12/21/15         483        USD        76,784,720        (787,688

U.S. Treasury Note 10 Year Futures

     12/21/15         524        USD        67,003,806        453,007   

U.S. Treasury Note 2 Year Futures

     12/31/15         1,539        USD        336,926,660        162,434   

U.S. Treasury Note 5 Year Futures

     12/31/15         1,380        USD        165,405,670        905,892   

U.S. Treasury Ultra Long Bond Futures

     12/21/15         859        USD        136,989,422        799,546   

Futures Contracts—Short

                         

90 Day EuroDollar Futures

     12/14/15         (1,795     USD        (446,257,021     (630,666

90 Day EuroDollar Futures

     12/19/16         (697     USD        (172,327,411     (275,927

90 Day EuroDollar Futures

     09/18/17         (85     USD        (20,877,988     (91,512

Euro-Bobl Futures

     12/08/15         (3     EUR        (385,017     (2,283

Euro-Bund Futures

     12/08/15         (153     EUR        (23,485,910     (459,430
           

 

 

 

Net Unrealized Appreciation

  

  $ 286,812   
           

 

 

 

Written Options

 

Foreign Currency Written Options

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

EUR Put/USD Call

  USD     1.050      BNP Paribas S.A.     11/02/15        (3,676,500   $ (9,824   $ (2,465   $ 7,359   

USD Call/BRL Put

  BRL     3.750      Morgan Stanley & Co.     10/08/15        (1,701,000     (20,444     (108,624     (88,180

USD Call/BRL Put

  BRL     3.550      Goldman Sachs & Co.     10/08/15        (1,701,000     (150,198     (183,368     (33,170

USD Call/BRL Put

  BRL     3.600      HSBC Bank plc     11/09/15        (504,000     (19,933     (57,002     (37,069

USD Call/BRL Put

  BRL     4.250      Morgan Stanley & Co.     12/11/15        (1,823,000     (47,411     (52,685     (5,274

USD Call/CNH Put

  CNH     6.880      Bank of America N.A.     02/29/16        (42,140,000     (318,157     (269,696     48,461   

USD Call/CNY Put

  CNY     6.800      Standard Chartered Bank     11/13/15        (2,535,000     (14,594     (2,104     12,490   

USD Call/CNY Put

  CNY     6.800      BNP Paribas S.A.     12/15/15        (2,535,000     (15,413     (5,777     9,636   

USD Call/KRW Put

  KRW     1,210.000      BNP Paribas S.A.     10/30/15        (2,832,000     (27,980     (18,414     9,566   

USD Call/KRW Put

  KRW     1,235.000      JPMorgan Chase Bank N.A.     11/02/15        (2,480,000     (18,984     (7,688     11,296   

USD Call/MYR Put

  MYR     4.125      Standard Chartered Bank     11/18/15        (1,690,000     (47,315     (108,442     (61,127

USD Call/ZAR Put

  ZAR     13.250      JPMorgan Chase Bank N.A.     10/26/15        (1,207,700     (33,224     (61,713     (28,489

USD Call/ZAR Put

  ZAR     14.770      HSBC Bank plc     11/06/15        (1,250,000     (17,586     (9,750     7,836   

USD Call/ZAR Put

  ZAR     14.750      Deutsche Bank AG     11/27/15        (1,461,000     (24,545     (24,545       

USD Put/KRW Call

  KRW     1,145.000      JPMorgan Chase Bank N.A.     11/02/15        (2,480,000     (14,024     (5,952     8,072   

USD Put/MXN Call

  MXN     16.500      Goldman Sachs & Co.     10/26/15        (3,128,000     (22,559     (11,623     10,936   

USD Put/MYR Call

  MYR     4.125      Standard Chartered Bank     11/18/15        (1,690,000     (47,315     (5,060     42,255   
           

 

 

   

 

 

   

 

 

 

Totals

  

  $ (849,506   $ (934,908   $ (85,402
           

 

 

   

 

 

   

 

 

 

 

Interest Rate
Swaptions

  Strike
Rate
 

Counterparty

 

Floating
Rate
Index

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

Call - 2 Yr. IRS

  1.630%   Deutsche Bank AG   3M CDR     Receive        11/09/15        KRW        (6,513,071,110   $ (3,582   $ (15,342   $ (11,760
               

 

 

   

 

 

   

 

 

 

 

MSF-42


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

Swap Agreements

OTC Interest Rate Swaps

 

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-Day CDI   11.120%   01/04/16   Credit Suisse International     BRL        7,208,000      $ (36,127   $      $ (36,127

Pay

  1-Day CDI   11.255%   01/04/16   Deutsche Bank AG     BRL        6,692,000        (31,339            (31,339

Pay

  1-Day CDI   11.360%   01/04/16   Credit Suisse International     BRL        27,646,823        (118,495            (118,495

Pay

  1-Day CDI   11.720%   01/04/21   JPMorgan Chase Bank N.A.     BRL        1,306,000        (30,315            (30,315

Pay

  1-Day CDI   11.825%   01/04/16   JPMorgan Chase Bank N.A.     BRL        32,000,000        (69,832            (69,832

Pay

  1-Day CDI   11.850%   01/04/16   JPMorgan Chase Bank N.A.     BRL        17,400,000        (55,621            (55,621

Pay

  1-Day CDI   11.910%   01/04/16   JPMorgan Chase Bank N.A.     BRL        13,920,000        (25,579            (25,579

Pay

  1-Day CDI   12.050%   01/04/21   Bank of America N.A.     BRL        2,737,312        (56,985            (56,985

Pay

  1-Day CDI   12.300%   01/04/16   Credit Suisse International     BRL        38,926,293        (98,302            (98,302

Pay

  1-Day CDI   12.410%   01/04/21   Citibank N.A.     BRL        1,000,000        (18,208            (18,208

Pay

  1-Day CDI   13.395%   01/02/17   Citibank N.A.     BRL        15,358,606        (82,472            (82,472

Pay

  1-Day CDI   13.565%   01/02/17   Citibank N.A.     BRL        15,355,791        (75,140            (75,140

Pay

  1-Day CDI   13.570%   01/02/17   Morgan Stanley Capital Services, LLC     BRL        17,008,654        (83,000            (83,000

Pay

  1-Day CDI   13.610%   01/02/17   Bank of America N.A.     BRL        30,276,000        (144,383            (144,383

Pay

  1-Day CDI   13.930%   01/02/17   JPMorgan Chase Bank N.A.     BRL        20,095,432        (78,671            (78,671

Pay

  1-Day CDI   14.150%   01/02/17   Morgan Stanley Capital Services, LLC     BRL        8,987,296        (29,985            (29,985

Pay

  1-Day CDI   14.710%   07/01/16   Deutsche Bank AG     BRL        21,706,000        (20,174            (20,174

Pay

  1-Day CDI   14.920%   07/01/16   Deutsche Bank AG     BRL        27,904,379        (17,963            (17,963

Pay

  1-Day CDI   14.933%   01/02/17   JPMorgan Chase Bank N.A.     BRL        31,602,155        (45,897            (45,897

Pay

  28-Day TIIE   4.410%   08/25/17   Bank of America N.A.     MXN        88,188,202        9,457               9,457   

Pay

  28-Day TIIE   5.550%   01/13/25   Bank of America N.A.     MXN        48,971,509        (158,647            (158,647

Pay

  28-Day TIIE   5.842%   11/14/24   Deutsche Bank AG     MXN        34,442,494        (64,194            (64,194

Pay

  28-Day TIIE   5.850%   11/14/24   Deutsche Bank AG     MXN        14,974,997        (27,407            (27,407

Pay

  28-Day TIIE   6.320%   07/17/25   Morgan Stanley Capital Services, LLC     MXN        40,086,000        (8,465            (8,465

Pay

  28-Day TIIE   6.325%   07/17/25   Citibank N.A.     MXN        19,973,500        (3,991            (3,991

Pay

  28-Day TIIE   6.330%   07/16/25   Bank of America N.A.     MXN        39,947,000        (6,977            (6,977

Pay

  28-Day TIIE   6.330%   08/06/25   Citibank N.A.     MXN        59,593,000        (12,503            (12,503

Pay

  28-Day TIIE   6.345%   07/16/25   Morgan Stanley Capital Services, LLC     MXN        40,086,000        (3,929            (3,929

Pay

  28-Day TIIE   6.435%   08/27/25   Citibank N.A.     MXN        20,527,000        5,236               5,236   

Pay

  28-Day TIIE   6.465%   08/28/25   Morgan Stanley Capital Services, LLC     MXN        20,527,000        8,120               8,120   

Pay

  3M CDR   1.843%   07/24/20   UBS AG     KRW        3,043,070,000        23,098               23,098   

Pay

  3M CDR   1.868%   07/24/20   UBS AG     KRW        4,663,580,000        40,137               40,137   

Pay

  3M CDR   1.912%   08/07/20   Citibank N.A.     KRW        9,255,106,000        95,609               95,609   

Pay

  3M CDR   1.913%   08/07/20   Barclays Bank plc     KRW        3,499,420,000        36,222               36,222   

Pay

  3M CDR   2.254%   07/09/25   UBS AG     KRW        2,882,335,000        83,399               83,399   

Pay

  3M CDR   2.263%   07/09/25   UBS AG     KRW        1,160,175,000        34,217               34,217   

Pay

  3M CDR   2.268%   07/10/25   UBS AG     KRW        1,182,922,087        35,332               35,332   

Pay

  3M CDR   2.275%   07/14/25   UBS AG     KRW        591,461,044        17,974               17,974   

Pay

  3M CDR   2.285%   07/13/25   UBS AG     KRW        591,461,044        18,444               18,444   

Pay

  3M CDR   2.290%   07/15/25   Citibank N.A.     KRW        1,344,552,825        42,405               42,405   

Pay

  3M JIBAR   7.450%   08/29/17   Bank of America N.A.     ZAR        169,075,000        (10,197            (10,197

Pay

  3M JIBAR   7.495%   08/28/17   JPMorgan Chase Bank N.A.     ZAR        112,720,000        (3,485            (3,485

Pay

  3M JIBAR   7.520%   08/25/17   JPMorgan Chase Bank N.A.     ZAR        169,075,000        (1,762            (1,762

Pay

  3M JIBAR   7.585%   09/05/17   Citibank N.A.     ZAR        66,544,000        1,182               1,182   

Pay

  3M JIBAR   7.590%   08/26/17   Morgan Stanley Capital Services, LLC     ZAR        89,632,000        4,378               4,378   

Pay

  6M EURIBOR   2.800%   11/10/41   Bank of America N.A.     EUR        8,300,000        2,676,266               2,676,266   

Pay

  7-Day China
Fixing Repo
Rates
  2.120%   07/09/17   Deutsche Bank AG     CNY        23,523,871        (26,065            (26,065

Pay

  7-Day China
Fixing Repo
Rates
  2.180%   07/09/17   Bank of America N.A.     CNY        23,523,869        (21,715            (21,715

Pay

  7-Day China
Fixing Repo
Rates
  2.240%   05/27/17   JPMorgan Chase Bank N.A.     CNY        46,246,927        (28,620            (28,620

 

MSF-43


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

OTC Interest Rate Swaps—(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

  7-Day China
Fixing Repo
Rates
  2.245%   05/22/17   Bank of America N.A.     CNY        46,647,333      $ (28,214   $      $ (28,214

Pay

  7-Day China
Fixing Repo
Rates
  2.250%   07/07/17   Bank of America N.A.     CNY        23,775,000        (16,546            (16,546

Pay

  7-Day China
Fixing Repo
Rates
  2.260%   08/08/17   Deutsche Bank AG     CNY        27,085,733        (18,024            (18,024

Pay

  7-Day China
Fixing Repo
Rates
  2.285%   07/07/17   JPMorgan Chase Bank N.A.     CNY        23,775,000        (13,980            (13,980

Receive

  1-Day CDI   11.410%   01/04/21   Bank of America N.A.     BRL        5,126,000        131,389               131,389   

Receive

  1-Day CDI   11.800%   01/04/16   JPMorgan Chase Bank N.A.     BRL        33,569,015        89,620               89,620   

Receive

  1-Day CDI   12.130%   01/04/16   JPMorgan Chase Bank N.A.     BRL        26,578,000        68,447               68,447   

Receive

  1-Day CDI   12.140%   01/04/16   JPMorgan Chase Bank N.A.     BRL        58,430,000        148,980               148,980   

Receive

  1-Day CDI   12.300%   01/04/16   Bank of America N.A.     BRL        59,593,576        150,494               150,494   

Receive

  28-Day TIIE   4.350%   11/17/17   Bank of America N.A.     MXN        29,359,000        2,271               2,271   

Receive

  28-Day TIIE   4.550%   03/21/18   Barclays Bank plc     MXN        26,793,819        353               353   

Receive

  28-Day TIIE   4.570%   03/21/18   Citibank N.A.     MXN        26,793,819        (407            (407

Receive

  28-Day TIIE   4.690%   03/16/18   Bank of America N.A.     MXN        27,299,362        (5,254            (5,254

Receive

  28-Day TIIE   4.850%   11/01/18   Bank of America N.A.     MXN        22,482,829        (1,744            (1,744

Receive

  28-Day TIIE   5.040%   11/18/19   Bank of America N.A.     MXN        18,760,000        5,560               5,560   

Receive

  28-Day TIIE   6.307%   08/11/25   Deutsche Bank AG     MXN        74,533,884        23,007               23,007   

Receive

  28-Day TIIE   6.310%   08/11/25  

Bank of America N.A.

    MXN        20,079,000        6,287               6,287   

Receive

  28-Day TIIE   6.310%   08/11/25   Bank of America N.A.     MXN        20,079,000        6,287               6,287   

Receive

  3M KLIBOR   4.335%   09/18/20   Bank of America N.A.     MYR        9,099,000        (1,178            (1,178

Receive

  3M KLIBOR   4.510%   09/23/20   Citibank N.A.     MYR        7,415,000        (14,079            (14,079

Receive

  3M KLIBOR   4.510%   09/23/20   Barclays Bank plc     MYR        10,784,000        (20,476            (20,476

Receive

  3M KLIBOR   4.550%   09/11/20   Citibank N.A.     MYR        9,100,000        (21,125            (21,125

Receive

  3M KLIBOR   4.765%   09/29/20   Citibank N.A.     MYR        9,100,000        (40,956            (40,956

Receive

  3M LIBOR   1.758%   06/25/22   JPMorgan Chase Bank N.A.     USD        18,000,000        (105,221            (105,221

Receive

  6M EURIBOR   2.783%   11/10/41   Deutsche Bank AG     EUR        8,300,000        (2,639,621            (2,639,621
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (659,099   $      $ (659,099
             

 

 

   

 

 

   

 

 

 

Centrally Cleared Interest Rate Swaps

 

Pay/Receive Floating Rate

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

Pay

     3M LIBOR         1.890     09/15/19         USD         103,185,000       $ 483,649   

Pay

     3M LIBOR         1.953     09/05/19         USD         207,780,000         1,271,572   

Pay

     3M LIBOR         2.131     08/25/25         USD         1,285,000         15,161   

Receive

     3M LIBOR         0.648     11/26/16         USD         14,540,000         (18,133

Receive

     3M LIBOR         1.256     01/12/17         USD         223,619,000         (1,405,199

Receive

     3M LIBOR         1.779     07/14/20         USD         7,410,000         (146,751

Receive

     3M LIBOR         2.240     09/10/25         USD         1,000,000         (21,604

Receive

     3M LIBOR         2.258     08/20/25         USD         2,891,999         (68,399

Receive

     3M LIBOR         2.260     08/20/25         USD         723,001         (17,233

Receive

     3M LIBOR         2.272     09/11/25         USD         955,000         (23,450

Receive

     3M LIBOR         2.383     07/10/25         USD         72,000,000         (2,543,213

Receive

     3M LIBOR         2.669     09/15/27         USD         23,215,000         (443,049

Receive

     3M LIBOR         2.712     09/05/27         USD         46,535,000         (1,087,662
                

 

 

 

Net Unrealized Depreciation

  

   $ (4,004,311
                

 

 

 

 

MSF-44


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

 

Reference Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2015(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Abengoa S.A.,
8.500%, due 03/31/16

    (5.000%)        09/20/20      Citibank N.A.     40.248%        EUR        2,000      $ 1,428      $ 1,202      $ 226   

Abengoa S.A.,
8.500%, due 03/31/16

    (5.000%)        09/20/20      Citibank N.A.     40.248%        EUR        3,000        2,142        1,803        339   

Australia & New Zealand Banking Group, Ltd.
3.750%, due 03/10/17

    (1.000%)        12/20/20      JPMorgan Chase Bank N.A.     1.005%        USD        2,499,083        670        (10,003)        10,673   

Australia & New Zealand Banking Group, Ltd.,
3.750%, due 03/10/17

    (1.000%)        12/20/20      BNP Paribas S.A.     1.005%        USD        13,953,187        3,740        (41,747)        45,487   

Australia & New Zealand Banking Group, Ltd.,
3.750%, due 03/10/17

    (1.000%)        12/20/20      Deutsche Bank AG     1.005%        USD        8,520,000        2,284        (42,392)        44,676   

Australia & New Zealand Banking Group, Ltd.,
3.750%, due 03/10/17

    (1.000%)        12/20/20      JPMorgan Chase Bank N.A.     1.005%        USD        2,267,730        608        (17,509)        18,117   

Genworth Holdings, Inc.
6.515%, due 05/22/18

    (1.000%)        12/20/16      Deutsche Bank AG     2.347%        USD        7,300,000        119,314        295,377        (176,063)   

Genworth Holdings, Inc.
6.515%, due 05/22/18

    (1.000%)        12/20/16      JPMorgan Chase Bank N.A.     2.347%        USD        2,715,000        44,375        47,708        (3,333)   

HSBC Bank plc,
3.750%, due 11/20/16

    (1.000%)        12/20/20      Citibank N.A.     0.937%        EUR        5,000,000        (17,893)        (17,198)        (695)   

HSBC Bank plc,
3.750%, due 11/20/16

    (1.000%)        12/20/20      Citibank N.A.     0.937%        EUR        8,750,000        (31,312)        (35,083)        3,771   

Mexico Government International Bond 5.950%, due 03/19/19

    (1.000%)        06/20/20      JPMorgan Chase Bank N.A.     1.680%        USD        3,824,276        116,391        33,406        82,985   

Mexico Government International Bond 5.950%, due 03/19/19

    (1.000%)        09/20/20      Bank of America N.A.     1.730%        USD        3,824,276        130,770        50,241        80,529   

Penerbangan Malaysia
Berhad, 5.625%, due 03/15/16

    (1.000%)        12/20/20      BNP Paribas S.A.     2.289%        USD        580,000        35,757        34,564        1,193   

Penerbangan Malaysia
Berhad, 5.625%, due 03/15/16

    (1.000%)        12/20/20      BNP Paribas S.A.     2.289%        USD        384,495        23,704        25,792        (2,088)   

Penerbangan Malaysia
Berhad, 5.625%, due 03/15/16

    (1.000%)        12/20/20      Barclays Bank plc     2.289%        USD        380,621        23,465        25,201        (1,736)   

Standard Chartered Bank,
0.697%, due 09/02/17

    (1.000%)        12/20/20      BNP Paribas S.A.     1.506%        EUR        2,990,000        84,090        82,801        1,289   

Standard Chartered Bank,
0.697%, due 09/02/17

    (1.000%)        12/20/20      Morgan Stanley
Capital Services, LLC
    1.506%        EUR        1,560,000        43,873        44,046        (173)   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 583,406      $ 478,209      $ 105,197   
             

 

 

   

 

 

   

 

 

 

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,
2015(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Apache Corp.
7.000%, due 2/01/18

    1.000%        03/20/20      JPMorgan Chase Bank N.A.     1.644%        USD        1,960,000      $ (53,687)      $ (86,989)      $ 33,302   

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

    1.000%        12/20/19      Deutsche Bank AG     2.397%        USD        1,932,500        (107,201)        (78,957)        (28,244)   

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

    1.000%        06/20/21      Credit Suisse International     3.356%        USD        3,645,000        (434,673)        (310,266)        (124,407)   

Glencore International AG,
6.500%, due 02/27/19

    1.000%        09/20/20      Citibank N.A.     6.621%        EUR        10,000      $ (2,403)        (984)        (1,419)   

 

MSF-45


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
   

Counterparty

  Implied Credit
Spread at
September 30,
2015(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

Glencore International AG,
6.500%, due 02/27/19

    1.000%        09/20/20      Citibank N.A.     6.621%        EUR        10,000      $ (2,403)      $ (984)      $ (1,419)   

Glencore International AG,
6.500%, due 02/27/19

    1.000%        09/20/20      Credit Suisse International     6.621%        EUR        10,000        (2,403)        (1,026)        (1,377)   

Goldman Sachs Group, Inc.
5.950%, due 01/18/18

    1.000%        06/20/20      Bank of America N.A.     0.930%        USD        6,520,000        20,637        39,826        (19,189)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        06/20/20      Bank of America N.A.     1.680%        USD        3,824,276        (116,391)        (38,756)        (77,635)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        09/20/20      JPMorgan Chase Bank N.A.     1.730%        USD        3,824,276        (130,770)        (43,741)        (87,029)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      BNP Paribas S.A.     1.774%        USD        2,078,800        (78,701)        (39,743)        (38,958)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      BNP Paribas S.A.     1.774%        USD        3,961,000        (149,959)        (92,669)        (57,290)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      BNP Paribas S.A.     1.774%        USD        3,961,000        (149,959)        (66,500)        (83,459)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      Barclays Bank plc     1.774%        USD        950,000        (35,966)        (26,366)        (9,600)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      Barclays Bank plc     1.774%        USD        1,198,000        (45,355)        (33,249)        (12,106)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      JPMorgan Chase Bank N.A.     1.774%        USD        1,980,000        (74,961)        (39,971)        (34,990)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      JPMorgan Chase Bank N.A.     1.774%        USD        1,980,000        (74,961)        (38,042)        (36,919)   

Mexico Government International Bond 5.950%, due 03/19/19

    1.000%        12/20/20      JPMorgan Chase Bank N.A.     1.774%        USD        1,981,000        (74,999)        (39,991)        (35,008)   

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

    1.000%        12/20/19      Bank of America N.A.     9.659%        USD        875,000        (243,647)        (73,375)        (170,272)   

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

    1.000%        12/20/19      Bank of America N.A.     9.659%        USD        1,175,000        (327,183)        (93,454)        (233,729)   

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

    1.000%        12/20/19      Bank of America N.A.     9.659%        USD        1,180,000        (328,575)        (96,360)        (232,215)   

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

    1.000%        12/20/19      JPMorgan Chase Bank N.A.     9.659%        USD        1,180,000        (328,575)        (104,719)        (223,856)   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (2,742,135)      $ (1,266,316)      $ (1,475,819)   
             

 

 

   

 

 

   

 

 

 

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,
2015(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
Paid
    Unrealized
Depreciation
 

CDX.NA.HY.25

    (5.000%)        12/20/20      Morgan Stanley
Capital Services, LLC
    5.003%        USD        45,100,000      $ 5,154      $ 150,333      $ (145,179)   

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,
2015(b)
    Notional
Amount(c)
    Market
Value
    Upfront
Premium
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.AAA.V7

    0.500%        01/17/47      Credit Suisse International     0.000%        USD        5,000,000      $ (207,662)      $ (156,398)      $ (51,264)   

CMBX.NA.AM.V4

    0.500%        02/17/51      Deutsche Bank AG     0.000%        USD        2,370,000        (44,438)        (359,977)        315,539   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (252,100)      $ (516,375)      $ 264,275   
             

 

 

   

 

 

   

 

 

 

 

 

MSF-46


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

OTC Credit Default Swaps on Credit Indices—Buy Protection (a)—(Continued)

 

Securities in the amount of $300,886 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
(CLP)— Chilean Peso
(CNH)— Chinese Renminbi
(CNY)— Chinese Yuan
(COP)— Colombian Peso
(EUR)— Euro
(GBP)— British Pound
(IDR)— Indonesian Rupiah
(JPY)— Japanese Yen
(KRW)— South Korea Won
(MXN)— Mexican Peso
(MYR)— Malaysian Ringgit
(RUB)— Russian Ruble
(TRY)— Turkish Lira
(USD)— United States Dollar
(ZAR)— South African Rand
(CDI)— Brazil Interbank Deposit Rate
(CDR)— Korean Certificate of DepositRate
(CMBX)— Commercial Mortgage-Backed Index
(CDS)— Credit Default Swap
(CDX.NA.HY)— Markit North America High Yield CDS Index
(CMBX.NA.AAA)— Markit North America AAA Rated CMBS Index
(CMBX.NA.AM)— Markit North America Mezzanine AAA Rated CMBS Index
(EURIBOR)— EURO InterBank Offered Rate
(IRS)— Interest Rate Swap
(JIBAR)— Johannesburg Interbank Agreed Rate
(KLIBOR)— Kuala Lumpur Interbank Offered Rate
(LIBOR)— London Interbank Offered Rate
(TIIE)— Mexican Interbank Equilibrium Interest Rate

 

MSF-47


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 2,263,949,291      $ —         $ 2,263,949,291   

Total Corporate Bonds & Notes*

     —          1,127,264,220        —           1,127,264,220   

Total Asset-Backed Securities*

     —          444,668,892        —           444,668,892   

Total Mortgage-Backed Securities*

     —          310,586,839        —           310,586,839   

Total Foreign Government*

     —          99,618,108        —           99,618,108   

Total Municipals

     —          67,212,845        —           67,212,845   

Total Preferred Stocks*

     14,810,993        —          —           14,810,993   

Total Purchased Options*

     —          1,569,098        —           1,569,098   
Short-Term Investments          

Mutual Fund

     60,578,645        —          —           60,578,645   

Repurchase Agreement

     —          651,005        —           651,005   

Total Short-Term Investments

     60,578,645        651,005        —           61,229,650   

Total Investments

   $ 75,389,638      $ 4,315,520,298      $ —         $ 4,390,909,936   
                                   

Claim Receivable (Asset)

   $ —        $ 36,984      $ —         $ 36,984   

Collateral for Securities Loaned (Liability)

   $ —        $ (60,578,645   $ —         $ (60,578,645

Total Reverse Repurchase Agreements (Liability)

   $ —        $ (139,727,500   $ —         $ (139,727,500

TBA Forward Sales Commitments

   $ —        $ (560,692,229   $ —         $ (560,692,229
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 7,454,893      $ —         $ 7,454,893   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (9,419,428     —           (9,419,428

Total Forward Contracts

   $ —        $ (1,964,535   $ —         $ (1,964,535
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 2,534,318      $ —        $ —         $ 2,534,318   

Futures Contracts (Unrealized Depreciation)

     (2,247,506     —          —           (2,247,506

Total Futures Contracts

   $ 286,812      $ —        $ —         $ 286,812   
Written Options          

Foreign Currency Written Options at Value

   $ —        $ (934,908   $ —         $ (934,908

Interest Rate Swaptions at Value

     —          (15,342     —           (15,342

Total Written Options

   $ —        $ (950,250   $ —         $ (950,250
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 1,770,382      $ —         $ 1,770,382   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (5,774,693     —           (5,774,693

Total Centrally Cleared Swap Contracts

   $ —        $ (4,004,311   $ —         $ (4,004,311
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $ —        $ 4,422,573      $ —         $ 4,422,573   

OTC Swap Contracts at Value (Liabilities)

     —          (7,487,347     —           (7,487,347

Total OTC Swap Contracts

   $ —        $ (3,064,774   $ —         $ (3,064,774

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-48


Table of Contents

Metropolitan Series Fund

BlackRock Bond Income Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

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,
2014
     Change in
Unrealized
Appreciation/
(Depreciation)
     Transfers
Out
    Balance as of
September 30,
2015
     Change in
Unrealized
Appreciation/

(Depreciation)
from Investments
Still Held at
September 30,
2015
 
Asset-Backed Securities              

Asset-Backed - Other

   $ 2,415,198       $ —         $ (2,415,198   $ —         $ —     
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

 

Asset-Backed Securities in the amount of $2,415,198 were transferred out of Level 3 due to the initiation of a vendor or broker providing prices that are based on market activity which has been determined to be significant observable inputs.

 

MSF-49


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—95.0% of Net Assets

 

Security Description   Shares     Value  

Airlines—1.1%

   

Delta Air Lines, Inc.

    426,943      $ 19,156,932   
   

 

 

 

Auto Components—1.2%

   

Delphi Automotive plc

    277,043        21,066,350   
   

 

 

 

Beverages—1.7%

   

Constellation Brands, Inc. - Class A

    241,983        30,298,691   
   

 

 

 

Biotechnology—9.7%

   

AbbVie, Inc.

    679,285        36,959,897   

Biogen, Inc. (a)

    164,433        47,983,194   

Celgene Corp. (a)

    179,732        19,441,610   

United Therapeutics Corp. (a) (b)

    372,536        48,891,625   

Vertex Pharmaceuticals, Inc. (a)

    168,960        17,595,494   
   

 

 

 
      170,871,820   
   

 

 

 

Chemicals—2.6%

   

Ecolab, Inc.

    158,643        17,406,310   

Sherwin-Williams Co. (The)

    124,134        27,654,572   
   

 

 

 
      45,060,882   
   

 

 

 

Diversified Financial Services—3.6%

   

Berkshire Hathaway, Inc. - Class B (a)

    277,556        36,193,303   

Moody’s Corp.

    276,077        27,110,761   
   

 

 

 
      63,304,064   
   

 

 

 

Food & Staples Retailing—3.3%

   

Costco Wholesale Corp.

    202,769        29,314,314   

CVS Health Corp.

    291,375        28,111,860   
   

 

 

 
      57,426,174   
   

 

 

 

Food Products—0.5%

   

Mead Johnson Nutrition Co.

    121,470        8,551,488   
   

 

 

 

Health Care Providers & Services—4.6%

  

Humana, Inc.

    184,943        33,104,797   

UnitedHealth Group, Inc.

    407,611        47,286,952   
   

 

 

 
      80,391,749   
   

 

 

 

Hotels, Restaurants & Leisure—1.0%

   

Starbucks Corp.

    295,089        16,772,859   
   

 

 

 

Internet & Catalog Retail—8.8%

   

Amazon.com, Inc. (a)

    121,417        62,152,148   

Netflix, Inc. (a)

    486,427        50,228,452   

TripAdvisor, Inc. (a) (b)

    658,065        41,471,256   
   

 

 

 
      153,851,856   
   

 

 

 

Internet Software & Services—16.4%

   

Alphabet, Inc. - Class A (a)

    177,747        113,468,352   

Facebook, Inc. - Class A (a)

    1,257,534        113,052,307   

LinkedIn Corp. - Class A (a)

    138,701        26,371,221   

Tencent Holdings, Ltd.

    2,105,000        35,457,777   
   

 

 

 
      288,349,657   
   

 

 

 

IT Services—8.1%

   

Alliance Data Systems Corp. (a)

    164,638      42,637,949   

MasterCard, Inc. - Class A

    275,634        24,840,136   

Visa, Inc. - Class A (b)

    1,058,895        73,762,626   
   

 

 

 
      141,240,711   
   

 

 

 

Life Sciences Tools & Services—0.8%

  

Illumina, Inc. (a)

    81,281        14,290,825   
   

 

 

 

Media—3.5%

   

Liberty Global plc - Class A (a)

    878,657        37,729,532   

Walt Disney Co. (The)

    226,561        23,154,534   
   

 

 

 
      60,884,066   
   

 

 

 

Multiline Retail—2.1%

   

Dollar General Corp.

    514,783        37,290,881   
   

 

 

 

Oil, Gas & Consumable Fuels—0.9%

  

Concho Resources, Inc. (a)

    150,500        14,794,150   
   

 

 

 

Pharmaceuticals—5.6%

   

Allergan plc (a)

    120,580        32,774,850   

Perrigo Co. plc

    260,193        40,920,553   

Valeant Pharmaceuticals International, Inc. (a)

    138,756        24,751,295   
   

 

 

 
      98,446,698   
   

 

 

 

Real Estate Investment Trusts—1.8%

  

Crown Castle International Corp.

    403,542        31,827,358   
   

 

 

 

Road & Rail—2.4%

   

Union Pacific Corp.

    477,090        42,179,527   
   

 

 

 

Software—5.8%

   

Mobileye NV (a) (b)

    462,946        21,054,784   

Salesforce.com, Inc. (a)

    752,244        52,228,301   

Splunk, Inc. (a) (b)

    172,161        9,529,111   

Workday, Inc. - Class A (a)

    281,095        19,356,202   
   

 

 

 
      102,168,398   
   

 

 

 

Specialty Retail—3.4%

  

Home Depot, Inc. (The)

    322,450        37,239,751   

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

    243,736        22,743,006   
   

 

 

 
      59,982,757   
   

 

 

 

Technology Hardware, Storage & Peripherals—3.2%

  

Apple, Inc.

    510,496        56,307,709   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.9%

  

Hanesbrands, Inc.

    662,769        19,180,535   

NIKE, Inc. - Class B

    262,978        32,338,405   
   

 

 

 
      51,518,940   
   

 

 

 

Total Common Stocks
(Cost $1,504,856,279)

      1,666,034,542   
   

 

 

 

 

MSF-50


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Preferred Stock—1.6%

 

Security Description   Shares/
Principal
Amount*
    Value  

Software—1.6%

   

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

    2,537,552      $ 27,151,806   
   

 

 

 
Short-Term Investments—6.9%   

Mutual Fund—2.7%

   

State Street Navigator Securities Lending MET Portfolio (e)

    48,142,781        48,142,781   
   

 

 

 

Repurchase Agreement—4.2%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $73,762,301 on 10/01/15, collateralized by $73,945,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $75,239,038.

    73,762,301        73,762,301   
   

 

 

 

Total Short-Term Investments
(Cost $121,905,082)

      121,905,082   
   

 

 

 

Total Investments—103.5%
(Cost $1,642,316,555) (f)

      1,815,091,430   

Other assets and liabilities (net)—(3.5)%

      (61,144,885
   

 

 

 
Net Assets—100.0%     $ 1,753,946,545   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $75,105,612 and the collateral received consisted of cash in the amount of $48,142,781 and non-cash collateral with a value of $28,641,408. 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, 2015, these securities represent 1.5% 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, 2015, the market value of restricted securities was $27,151,806, which is 1.5% of net assets. See details shown in the Restricted Securities table that follows.
(e) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(f) As of September 30, 2015, the aggregate cost of investments was $1,642,316,555. The aggregate unrealized appreciation and depreciation of investments were $213,896,988 and $(41,122,113), respectively, resulting in net unrealized appreciation of $172,774,875.

 

Restricted Securities

   Acquisition
Date
     Shares      Cost      Value  

Palantir Technologies, Inc. - Series I

     02/07/14         2,537,552       $ 15,555,194       $ 27,151,806   
           

 

 

 

 

MSF-51


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Airlines

   $ 19,156,932       $ —        $ —         $ 19,156,932   

Auto Components

     21,066,350         —          —           21,066,350   

Beverages

     30,298,691         —          —           30,298,691   

Biotechnology

     170,871,820         —          —           170,871,820   

Chemicals

     45,060,882         —          —           45,060,882   

Diversified Financial Services

     63,304,064         —          —           63,304,064   

Food & Staples Retailing

     57,426,174         —          —           57,426,174   

Food Products

     8,551,488         —          —           8,551,488   

Health Care Providers & Services

     80,391,749         —          —           80,391,749   

Hotels, Restaurants & Leisure

     16,772,859         —          —           16,772,859   

Internet & Catalog Retail

     153,851,856         —          —           153,851,856   

Internet Software & Services

     252,891,880         35,457,777        —           288,349,657   

IT Services

     141,240,711         —          —           141,240,711   

Life Sciences Tools & Services

     14,290,825         —          —           14,290,825   

Media

     60,884,066         —          —           60,884,066   

Multiline Retail

     37,290,881         —          —           37,290,881   

Oil, Gas & Consumable Fuels

     14,794,150         —          —           14,794,150   

Pharmaceuticals

     98,446,698         —          —           98,446,698   

Real Estate Investment Trusts

     31,827,358         —          —           31,827,358   

Road & Rail

     42,179,527         —          —           42,179,527   

Software

     102,168,398         —          —           102,168,398   

Specialty Retail

     59,982,757         —          —           59,982,757   

Technology Hardware, Storage & Peripherals

     56,307,709         —          —           56,307,709   

Textiles, Apparel & Luxury Goods

     51,518,940         —          —           51,518,940   

Total Common Stocks

     1,630,576,765         35,457,777        —           1,666,034,542   

Total Preferred Stock*

     —           —          27,151,806         27,151,806   
Short-Term Investments           

Mutual Fund

     48,142,781         —          —           48,142,781   

Repurchase Agreement

     —           73,762,301        —           73,762,301   

Total Short-Term Investments

     48,142,781         73,762,301        —           121,905,082   

Total Investments

   $ 1,678,719,546       $ 109,220,078      $ 27,151,806       $ 1,815,091,430   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (48,142,781   $ —         $ (48,142,781

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-52


Table of Contents

Metropolitan Series Fund

BlackRock Capital Appreciation Portfolio

Schedule of Investments as of September 30, 2015 (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, 2014
     Change in
Unrealized
Appreciation
     Balance as of
September 30, 2015
     Change in Unrealized
Appreciation from
Investments still held at
September 30, 2015
 
Preferred Stocks            

Software

   $ 20,351,167       $ 6,800,639       $ 27,151,806       $ 6,800,639   
  

 

 

    

 

 

    

 

 

    

 

 

 

Following is quantitative information about Level 3 fair value measurements:

 

     Fair Value at
September 30, 2015
     Valuation
Technique (s)
     Unobservable
Input
     Range      Weighted
Average
     Relationship Between
Fair Value and Input;
if input value increases
then Fair Value:
 
Preferred Stocks                  

Software

   $ 27,151,806         Comparable Company Analysis         Enterprise
Value/Revenue
        20.0x - 22.0x         21.0x         Increase   

 

MSF-53


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—98.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.5%

  

Honeywell International, Inc.

    47,990      $ 4,544,173   

Raytheon Co.

    146,035        15,955,784   

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

    8,820        426,359   
   

 

 

 
      20,926,316   
   

 

 

 

Airlines—0.3%

  

American Airlines Group, Inc.

    122,800        4,768,324   
   

 

 

 

Auto Components—1.4%

   

Lear Corp.

    189,210        20,582,264   
   

 

 

 

Automobiles—0.4%

   

General Motors Co.

    126,620        3,801,132   

Thor Industries, Inc.

    45,476        2,355,657   
   

 

 

 
      6,156,789   
   

 

 

 

Banks—14.0%

   

Citigroup, Inc.

    1,430,771        70,980,549   

JPMorgan Chase & Co.

    1,161,467        70,814,643   

KeyCorp

    673,680        8,764,577   

Regions Financial Corp.

    1,324,481        11,933,574   

Wells Fargo & Co.

    703,070        36,102,644   
   

 

 

 
      198,595,987   
   

 

 

 

Biotechnology—1.6%

   

Baxalta, Inc.

    721,800        22,743,918   
   

 

 

 

Capital Markets—1.5%

  

Ameriprise Financial, Inc.

    49,240        5,373,561   

KKR & Co. L.P.

    181,081        3,038,539   

Morgan Stanley

    375,950        11,842,425   

State Street Corp.

    13,250        890,533   
   

 

 

 
      21,145,058   
   

 

 

 

Chemicals—1.0%

  

Akzo Nobel NV (ADR)

    126,421        2,721,844   

Celanese Corp. - Series A

    9,810        580,458   

LyondellBasell Industries NV - Class A

    126,180        10,518,365   
   

 

 

 
      13,820,667   
   

 

 

 

Communications Equipment—10.4%

  

Cisco Systems, Inc.

    2,735,320        71,802,150   

Nokia Oyj (ADR)

    828,000        5,613,840   

QUALCOMM, Inc.

    969,940        52,114,876   

Telefonaktiebolaget LM Ericsson (ADR)

    1,908,710        18,667,184   
   

 

 

 
      148,198,050   
   

 

 

 

Construction & Engineering—0.6%

  

AECOM (a)

    196,240        5,398,562   

Jacobs Engineering Group, Inc. (a)

    79,500        2,975,685   
   

 

 

 
      8,374,247   
   

 

 

 

Consumer Finance—6.4%

  

Capital One Financial Corp.

    504,450        36,582,714   

Consumer Finance—(Continued)

  

Discover Financial Services

    898,720      46,724,453   

SLM Corp. (a)

    1,024,450        7,580,930   
   

 

 

 
      90,888,097   
   

 

 

 

Containers & Packaging—0.3%

  

Bemis Co., Inc.

    64,820        2,564,927   

Crown Holdings, Inc. (a)

    36,130        1,652,948   

Sonoco Products Co.

    18,860        711,776   
   

 

 

 
      4,929,651   
   

 

 

 

Diversified Financial Services—2.3%

  

Nasdaq, Inc.

    619,625        33,044,601   
   

 

 

 

Diversified Telecommunication Services—4.0%

  

Verizon Communications, Inc.

    1,301,480        56,627,395   
   

 

 

 

Electric Utilities—1.7%

  

American Electric Power Co., Inc.

    2,970        168,874   

Edison International

    2,790        175,966   

Exelon Corp.

    790,520        23,478,444   
   

 

 

 
      23,823,284   
   

 

 

 

Electronic Equipment, Instruments & Components—0.1%

  

Avnet, Inc.

    20,680        882,622   
   

 

 

 

Energy Equipment & Services—1.8%

  

Baker Hughes, Inc.

    234,220        12,188,809   

Halliburton Co.

    125,240        4,427,234   

Superior Energy Services, Inc.

    764,089        9,650,444   
   

 

 

 
      26,266,487   
   

 

 

 

Food & Staples Retailing—1.4%

  

CVS Health Corp.

    32,400        3,125,952   

Kroger Co. (The)

    444,684        16,039,752   
   

 

 

 
      19,165,704   
   

 

 

 

Food Products—0.2%

  

Kellogg Co.

    9,890        658,180   

Tyson Foods, Inc. - Class A

    62,320        2,685,992   
   

 

 

 
      3,344,172   
   

 

 

 

Health Care Equipment & Supplies—3.2%

  

Baxter International, Inc.

    403,830        13,265,815   

Hologic, Inc. (a)

    169,420        6,629,405   

Medtronic plc

    239,450        16,028,783   

Zimmer Biomet Holdings, Inc.

    107,190        10,068,357   
   

 

 

 
      45,992,360   
   

 

 

 

Health Care Providers & Services—2.4%

  

Community Health Systems, Inc. (a)

    317,880        13,595,728   

Laboratory Corp. of America Holdings (a)

    56,288        6,105,559   

Quest Diagnostics, Inc. (b)

    229,090        14,082,162   
   

 

 

 
      33,783,449   
   

 

 

 

 

MSF-54


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—0.0%

  

Wyndham Worldwide Corp.

    7,320      $ 526,308   
   

 

 

 

Household Durables—1.8%

  

Newell Rubbermaid, Inc.

    614,180        24,389,088   

Tupperware Brands Corp. (b)

    34,780        1,721,262   
   

 

 

 
      26,110,350   
   

 

 

 

Independent Power and Renewable Electricity Producers—2.2%

  

AES Corp.

    2,059,420        20,161,722   

Dynegy, Inc. (a) (b)

    510,090        10,543,560   
   

 

 

 
      30,705,282   
   

 

 

 

Insurance—5.7%

  

Genworth Financial, Inc. - Class A (a)

    1,584,190        7,318,958   

Hartford Financial Services Group, Inc. (The)

    491,170        22,485,762   

Lincoln National Corp.

    399,230        18,947,456   

Prudential Financial, Inc.

    226,310        17,247,085   

XL Group plc

    427,940        15,542,781   
   

 

 

 
      81,542,042   
   

 

 

 

IT Services—0.1%

  

Total System Services, Inc.

    25,050        1,138,022   

Western Union Co. (The) (b)

    7,900        145,044   
   

 

 

 
      1,283,066   
   

 

 

 

Life Sciences Tools & Services—0.0%

  

Bruker Corp. (a)

    26,621        437,383   
   

 

 

 

Media—1.6%

  

Interpublic Group of Cos., Inc. (The)

    148,860        2,847,692   

Scripps Networks Interactive, Inc. - Class A (b)

    180,430        8,875,352   

Viacom, Inc. - Class B

    242,070        10,445,320   
   

 

 

 
      22,168,364   
   

 

 

 

Metals & Mining—0.1%

  

Allegheny Technologies, Inc.

    38,840        550,751   

Reliance Steel & Aluminum Co.

    15,700        847,957   
   

 

 

 
      1,398,708   
   

 

 

 

Multi-Utilities—0.1%

  

Ameren Corp.

    23,270        983,623   

PG&E Corp.

    3,300        174,240   
   

 

 

 
      1,157,863   
   

 

 

 

Multiline Retail—1.5%

  

Macy’s, Inc.

    414,910        21,293,181   
   

 

 

 

Oil, Gas & Consumable Fuels—11.4%

  

Apache Corp.

    679,550        26,611,178   

Gulfport Energy Corp. (a)

    617,830        18,337,195   

Marathon Oil Corp.

    2,300,640        35,429,856   

Marathon Petroleum Corp.

    327,352        15,166,218   

Suncor Energy, Inc.

    758,610        20,270,059   

Valero Energy Corp.

    747,220        44,907,922   

Oil, Gas & Consumable Fuels—(Continued)

  

World Fuel Services Corp.

    19,380      $ 693,804   
   

 

 

 
      161,416,232   
   

 

 

 

Pharmaceuticals—8.2%

  

Merck & Co., Inc.

    651,940        32,199,316   

Pfizer, Inc.

    2,373,505        74,551,792   

Teva Pharmaceutical Industries, Ltd. (ADR)

    163,030        9,204,674   
   

 

 

 
      115,955,782   
   

 

 

 

Professional Services—1.7%

  

ManpowerGroup, Inc.

    21,120        1,729,517   

Nielsen Holdings plc

    492,960        21,921,931   
   

 

 

 
      23,651,448   
   

 

 

 

Real Estate Investment Trusts—1.7%

  

Brixmor Property Group, Inc.

    133,590        3,136,693   

Outfront Media, Inc.

    503,760        10,478,208   

Starwood Property Trust, Inc.

    532,170        10,920,129   
   

 

 

 
      24,535,030   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.9%

  

Teradyne, Inc.

    724,048        13,040,104   
   

 

 

 

Specialty Retail—1.8%

  

Gap, Inc. (The) (b)

    365,070        10,404,495   

GNC Holdings, Inc. - Class A

    365,360        14,767,851   
   

 

 

 
      25,172,346   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.0%

  

Apple, Inc.

    131,310        14,483,493   
   

 

 

 

Wireless Telecommunication Services—1.7%

  

Telephone & Data Systems, Inc.

    745,796        18,615,068   

United States Cellular Corp. (a) (b)

    158,333        5,609,738   
      24,224,806   
   

 

 

 

Total Common Stocks
(Cost $1,450,926,973)

      1,393,161,230   
   

 

 

 
Convertible Preferred Stocks—0.4%   

Food Products—0.3%

  

Tyson Foods, Inc.

   

4.750%, 07/15/17

    88,627        4,543,020   
   

 

 

 

Machinery—0.1%

  

Stanley Black & Decker, Inc.

   

6.250%, 11/17/16 (b)

    10,940        1,203,400   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $5,540,901)

      5,746,420   
   

 

 

 

 

MSF-55


Table of Contents

Metropolitan Series Fund

BlackRock Large Cap Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Short-Term Investments—3.3%

 

Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—1.7%

  

State Street Navigator Securities Lending MET Portfolio (c)

    23,655,861      $ 23,655,861   
   

 

 

 

Repurchase Agreement—1.6%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $22,934,920 on 10/01/15, collateralized by $22,995,000 U.S. Treasury Note at 1.500% due 05/31/19 with a value of $23,397,413.

    22,934,920        22,934,920   
   

 

 

 

Total Short-Term Investments
(Cost $46,590,781)

      46,590,781   
   

 

 

 

Total Investments—101.7%
(Cost $1,503,058,655) (d)

      1,445,498,431   

Other assets and liabilities (net)—(1.7)%

      (23,594,813
   

 

 

 
Net Assets—100.0%     $ 1,421,903,618   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $27,520,038 and the collateral received consisted of cash in the amount of $23,655,861 and non-cash collateral with a value of $4,676,876. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $1,503,058,655. The aggregate unrealized appreciation and depreciation of investments were $131,500,139 and $(189,060,363), respectively, resulting in net unrealized depreciation of $(57,560,224).
(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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,393,161,230       $ —        $ —         $ 1,393,161,230   

Total Convertible Preferred Stocks*

     5,746,420         —          —           5,746,420   
Short-Term Investments           

Mutual Fund

     23,655,861         —          —           23,655,861   

Repurchase Agreement

     —           22,934,920        —           22,934,920   

Total Short-Term Investments

     23,655,861         22,934,920        —           46,590,781   

Total Investments

   $ 1,422,563,511       $ 22,934,920      $ —         $ 1,445,498,431   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (23,655,861   $ —         $ (23,655,861

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-56


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Financial Company Commercial Paper (a)—30.3% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Bank of Tokyo Mitsubishi UFJ, Ltd. (NY)

   

0.152%, 10/01/15

    20,000,000      $ 20,000,000   

BNP Paribas Fortis S.A. (NY)

   

0.051%, 10/01/15

    45,000,000        45,000,000   

Caisse des Depots et Consignations

   

0.355%, 01/26/16

    8,000,000        7,990,900   

Commonwealth Bank of Australia

   

0.310%, 10/21/15 (144A)

    8,000,000        8,000,000   

0.317%, 03/31/16

    5,000,000        4,999,766   

Credit Suisse AG (NY)

   

0.426%, 01/04/16

    10,000,000        9,988,917   

Erste Abwicklungsanstalt

   

0.324%, 11/23/15

    14,000,000        13,993,404   

0.368%, 02/09/16

    10,000,000        10,000,000   

HSBC Bank plc

   

0.289%, 10/23/15 (144A)

    8,000,000        8,000,000   

0.303%, 10/16/15

    8,000,000        8,000,000   

0.320%, 11/19/15

    8,000,000        8,000,000   

0.339%, 02/05/16

    7,000,000        7,000,000   

La Caisse Dentrale Desjardins du Quebec

   

0.183%, 11/12/15

    25,000,000        24,994,750   

Mizuho Corporate Bank, Ltd. (NY)

   

0.324%, 11/25/15

    8,000,000        7,996,089   

National Australia Bank, Ltd.

   

0.293%, 11/05/15

    9,000,000        9,000,000   

0.369%, 02/26/16

    10,000,000        10,000,000   

Nederlandse Waterschapsbank NV

   

0.282%, 10/01/15

    12,000,000        12,000,000   

0.324%, 12/01/15

    3,000,000        2,998,373   

Nordea Bank AB

   

0.259%, 11/04/15

    7,000,000        6,998,314   

0.304%, 10/09/15

    10,000,000        9,999,333   

NRW Bank

   

0.203%, 10/01/15

    15,000,000        15,000,000   

Skandinaviska Enskilda Banken AB

   

0.294%, 12/16/15

    15,500,000        15,490,511   

Societe Generale S.A.

   

0.010%, 10/01/15

    48,000,000        48,000,000   

Sumitomo Mitsui Trust Bank, Ltd. (NY)

   

0.274%, 10/06/15

    10,000,000        9,999,625   

0.284%, 10/09/15

    20,000,000        19,998,756   

United Overseas Bank, Ltd.

   

0.304%, 01/06/16

    10,000,000        9,991,917   
   

 

 

 

Total Financial Company Commercial Paper
(Cost $353,440,655)

      353,440,655   
   

 

 

 
Certificate of Deposit—25.6%   

Foreign Banks Yankee Dollar—20.0%

  

Bank of Montreal (Chicago)

   

0.253%, 10/20/15

    10,000,000        10,000,000   

0.304%, 11/04/15

    12,700,000        12,700,000   

Bank of Nova Scotia (Houston)

   

0.307%, 11/06/15 (b)

    18,000,000        18,000,000   

0.365%, 04/08/16 (b)

    10,000,000        10,000,000   

Foreign Banks Yankee Dollar—(Continued)

  

Bank of Tokyo Mitsubishi UFJ, Ltd. (NY)

   

0.294%, 11/04/15

    12,000,000      12,000,000   

BNP Paribas S.A. (NY)

   

0.386%, 12/03/15 (b)

    10,000,000        10,000,000   

Canadian Imperial Bank of Commerce (NY)

   

0.309%, 01/26/16 (b)

    8,000,000        8,000,000   

Mizuho Bank, Ltd. (NY)

   

0.304%, 10/05/15

    15,000,000        15,000,000   

National Bank of Canada (NY)

   

0.361%, 12/24/15 (b)

    5,000,000        5,000,000   

Nordea Bank Finland plc (NY)

   

0.324%, 12/10/15

    10,000,000        10,000,000   

Norinchukin Bank (NY)

   

0.310%, 01/08/16

    10,000,000        10,000,000   

0.314%, 12/16/15

    10,000,000        10,000,000   

0.335%, 01/06/16

    12,500,000        12,500,000   

0.361%, 11/12/15 (b)

    8,000,000        8,000,000   

0.371%, 10/20/15 (b)

    5,000,000        5,000,000   

Rabobank Nederland (NY)

   

0.302%, 11/04/15 (b)

    15,000,000        15,000,000   

0.310%, 12/21/15 (b)

    4,750,000        4,750,000   

Royal Bank of Canada (NY)

   

0.297%, 11/10/15 (b)

    4,750,000        4,750,000   

0.300%, 10/14/15 (b)

    5,000,000        5,000,000   

Sumitomo Mitsui Banking Corp. (NY)

   

0.335%, 12/01/15

    8,000,000        8,000,000   

0.350%, 11/23/15 (b)

    10,000,000        10,000,000   

Toronto Dominion Bank (NY)

   

0.299%, 12/28/15

    5,000,000        5,000,061   

0.308%, 02/25/16 (b)

    10,000,000        10,000,000   

Westpac Banking Corp. (NY)

   

0.288%, 10/30/15 (b)

    15,000,000        15,000,000   
   

 

 

 
      233,700,061   
   

 

 

 

Domestic Banks—5.6%

   

Bank of America N.A.

   

0.375%, 01/04/16

    10,000,000        10,000,000   

BMO Harris Bank N.A.

   

0.429%, 03/04/16 (b)

    8,000,000        8,000,000   

State Street Bank & Trust Co.

   

0.349%, 10/23/15

    10,000,000        10,000,000   

Wells Fargo Bank N.A.

   

0.304%, 11/19/15 (b)

    7,000,000        7,000,000   

0.304%, 01/14/16 (b)

    5,750,000        5,750,000   

0.335%, 01/06/16 (b)

    9,000,000        9,000,000   

0.335%, 04/01/16 (b)

    15,000,000        15,000,000   
   

 

 

 
      64,750,000   
   

 

 

 

Total Certificate of Deposit
(Cost $298,450,061)

      298,450,061   
   

 

 

 

 

MSF-57


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Asset Backed Commercial Paper (a)—25.4%

 

Security Description   Principal
Amount*
    Value  

Bedford Row Funding Corp.

   

0.341%, 11/20/15

    8,000,000      $ 8,000,000   

0.343%, 03/02/16

    13,000,000        13,000,000   

0.381%, 03/24/16

    12,000,000        12,000,000   

Chariot Funding LLC

   

0.304%, 11/04/15

    9,000,000        8,997,450   

0.314%, 10/20/15

    8,000,000        7,998,691   

0.345%, 11/30/15

    11,750,000        11,743,342   

0.507%, 02/25/16

    5,000,000        4,989,792   

Charta LLC

   

0.456%, 02/22/16

    6,000,000        5,989,200   

Ciesco LLC

   

0.355%, 12/02/15

    10,000,000        9,993,972   

Collateralized Commercial Paper Co. LLC

   

0.274%, 10/19/15

    6,800,000        6,799,082   

0.355%, 10/28/15

    10,000,000        9,997,375   

0.507%, 03/21/16

    15,000,000        14,964,167   

Collateralized Commercial Paper II Co. LLC

   

0.527%, 02/22/16

    8,000,000        7,983,360   

CRC Funding LLC

   

0.500%, 03/21/16

    1,375,000        1,371,715   

0.507%, 02/08/16

    8,000,000        7,985,556   

Fairway Finance Co. LLC

   

0.314%, 11/02/15

    10,000,000        9,997,244   

Jupiter Securitization Co. LLC

   

0.304%, 10/07/15

    10,000,000        9,999,500   

0.436%, 01/13/16

    9,000,000        8,988,820   

0.507%, 02/16/16

    15,000,000        14,971,250   

Manhattan Asset Funding Co. LLC

   

0.274%, 10/05/15

    6,000,000        5,999,820   

0.284%, 10/01/15

    12,000,000        12,000,000   

Nieuw Amsterdam Receivables Corp.

   

0.203%, 10/09/15

    10,000,000        9,999,556   

0.233%, 11/24/15

    15,000,000        14,994,825   

0.253%, 10/01/15

    5,000,000        5,000,000   

Old Line Funding LLC

   

0.274%, 10/20/15

    10,000,000        9,998,575   

0.304%, 10/07/15

    5,000,000        4,999,750   

0.379%, 01/06/16

    10,000,000        10,000,000   

Thunder Bay Funding LLC

   

0.274%, 10/05/15

    15,000,000        14,999,550   

0.477%, 01/19/16(144A)

    8,000,000        7,988,511   

Victory Receivables Corp.

   

0.203%, 10/05/15

    5,000,000        4,999,889   

0.233%, 12/03/15

    15,000,000        14,993,962   

0.304%, 12/16/15

    5,000,000        4,996,833   
   

 

 

 

Total Asset Backed Commercial Paper
(Cost $296,741,787)

      296,741,787   
   

 

 

 

 

Treasury Repurchase Agreement—9.7%   
Security Description   Principal
Amount*
    Value  

Bank of America Corp.
Repurchase Agreement dated 09/30/15 at 0.122% to be repurchased at $88,651,296 on 10/01/15 collateralized by $75,548,400 U.S. Treasury Bond at 3.750% due 11/15/43 with a value $90,424,069.

    88,651,000      $ 88,651,000   

JPMorgan Securities, Inc.
Repurchase Agreement dated 09/30/15 at 0.122% to be repurchased at $25,000,084 on 10/01/15 collateralized by $25,510,000 U.S. Treasury Note at 0.500% due 03/31/17 with a value $25,504,899.

    25,000,000        25,000,000   
   

 

 

 

Total Treasury Repurchase Agreement
(Cost $113,651,000)

      113,651,000   
   

 

 

 
Government Agency Debt (a)—6.9%   

Federal Home Loan Bank

   

0.015%, 10/16/15

    20,000,000        19,999,875   

0.061%, 11/09/15

    15,000,000        14,999,025   

0.066%, 11/25/15

    25,000,000        24,997,517   

0.071%, 12/03/15

    10,000,000        9,998,775   

0.122%, 01/07/16

    10,000,000        9,996,733   
   

 

 

 

Total Government Agency Debt
(Cost $79,991,925)

      79,991,925   
   

 

 

 
Treasury Debt—1.0%   

U.S. Treasury Floating Rate Note

   

0.069%, 10/31/16 (b)

    11,760,000        11,760,010   
   

 

 

 

Total Treasury Debt
(Cost $11,760,010)

      11,760,010   
   

 

 

 
Other Note—1.0%                

Svenska Handelsbanken AB

   

0.382%, 11/13/15 (144A) (b)

    11,100,000        11,100,000   
   

 

 

 

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

      11,100,000   
   

 

 

 
Other Commercial Paper—0.9%   

CPPIB Capital, Inc.

   

0.091%, 10/05/15 (a)

    10,000,000        9,999,900   
   

 

 

 

Total Other Commercial Paper
(Cost $9,999,900)

      9,999,900   
   

 

 

 

Total Investments—100.8%
(Cost $1,175,135,338) (c)

      1,175,135,338   

Other assets and liabilities (net)—(0.8)%

      (8,965,573
   

 

 

 
Net Assets—100.0%     $ 1,166,169,765   
   

 

 

 

 

MSF-58


Table of Contents

Metropolitan Series Fund

BlackRock Money Market Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) The rate shown represents current yield to maturity.
(b) Variable or floating rate security. The stated rate represents the rate at September 30, 2015. Maturity date shown for callable securities reflects the earliest possible call date.
(c) As of September 30, 2015, the aggregate cost of investments was $1,175,135,338.
(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, 2015, the market value of 144A securities was $35,088,511, which is 3.0% 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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  

Financial Company Commercial Paper

   $ —         $ 353,440,655       $ —         $ 353,440,655   

Certificate of Deposit*

     —           298,450,061         —           298,450,061   

Asset Backed Commercial Paper

     —           296,741,787         —           296,741,787   

Treasury Repurchase Agreement

     —           113,651,000         —           113,651,000   

Government Agency Debt

     —           79,991,925         —           79,991,925   

Treasury Debt

     —           11,760,010         —           11,760,010   

Other Note

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

Other Commercial Paper

     —           9,999,900         —           9,999,900   

Total Investments

   $ —         $ 1,175,135,338       $ —         $ 1,175,135,338   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-59


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—96.9% of Net Assets

 

Security Description   Shares     Value  

Airlines—2.7%

  

American Airlines Group, Inc.

    495,218      $ 19,229,315   

Spirit Airlines, Inc. (a)

    251,210        11,882,233   
   

 

 

 
      31,111,548   
   

 

 

 

Banks—1.7%

  

Signature Bank (a)

    144,462        19,872,193   
   

 

 

 

Beverages—1.9%

  

Brown-Forman Corp. - Class B (b)

    130,557        12,650,973   

Monster Beverage Corp. (a)

    72,032        9,734,405   
   

 

 

 
      22,385,378   
   

 

 

 

Biotechnology—3.2%

  

Alkermes plc (a) (b)

    114,395        6,711,554   

Alnylam Pharmaceuticals, Inc. (a) (b)

    47,697        3,832,931   

BioMarin Pharmaceutical, Inc. (a)

    67,809        7,141,644   

Incyte Corp. (a)

    145,712        16,076,405   

Medivation, Inc. (a)

    82,106        3,489,505   
   

 

 

 
      37,252,039   
   

 

 

 

Capital Markets—3.6%

  

E*TRADE Financial Corp. (a)

    626,790        16,503,381   

Raymond James Financial, Inc.

    363,733        18,052,069   

WisdomTree Investments, Inc. (b)

    442,724        7,141,138   
   

 

 

 
      41,696,588   
   

 

 

 

Chemicals—3.9%

  

CF Industries Holdings, Inc.

    154,080        6,918,192   

Cytec Industries, Inc.

    249,535        18,428,160   

Sherwin-Williams Co. (The)

    89,769        19,998,738   
   

 

 

 
      45,345,090   
   

 

 

 

Commercial Services & Supplies—3.3%

  

Cintas Corp.

    185,135        15,875,326   

Copart, Inc. (a)

    374,305        12,314,634   

KAR Auction Services, Inc.

    267,417        9,493,304   
   

 

 

 
      37,683,264   
   

 

 

 

Distributors—1.5%

  

LKQ Corp. (a)

    621,704        17,631,525   
   

 

 

 

Diversified Consumer Services—1.2%

  

Bright Horizons Family Solutions, Inc. (a)

    215,195        13,824,127   
   

 

 

 

Diversified Telecommunication Services—0.7%

  

Cogent Communications Holdings, Inc. (b)

    315,138        8,559,148   
   

 

 

 

Electronic Equipment, Instruments & Components—1.0%

  

Amphenol Corp. - Class A

    232,015        11,823,484   
   

 

 

 

Food & Staples Retailing—1.1%

  

United Natural Foods, Inc. (a)

    259,928        12,609,107   
   

 

 

 

Food Products—1.2%

  

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

    145,392      7,502,227   

Mead Johnson Nutrition Co.

    81,036        5,704,935   
   

 

 

 
      13,207,162   
   

 

 

 

Health Care Equipment & Supplies—2.6%

  

Cooper Cos., Inc. (The)

    99,815        14,858,461   

DexCom, Inc. (a)

    87,809        7,539,281   

Hologic, Inc. (a)

    206,227        8,069,662   
   

 

 

 
      30,467,404   
   

 

 

 

Health Care Providers & Services—6.1%

  

HealthSouth Corp.

    321,823        12,348,349   

Humana, Inc.

    64,631        11,568,949   

MEDNAX, Inc. (a) (b)

    239,505        18,391,589   

Molina Healthcare, Inc. (a) (b)

    144,010        9,915,088   

Universal Health Services, Inc. - Class B

    141,356        17,642,642   
   

 

 

 
      69,866,617   
   

 

 

 

Health Care Technology—0.7%

  

Cerner Corp. (a)

    129,231        7,748,691   
   

 

 

 

Hotels, Restaurants & Leisure—1.8%

  

Chipotle Mexican Grill, Inc. (a)

    11,435        8,236,059   

Dunkin’ Brands Group, Inc. (b)

    138,449        6,784,001   

MGM Resorts International (a)

    303,253        5,595,018   
   

 

 

 
      20,615,078   
   

 

 

 

Household Durables—1.4%

  

Harman International Industries, Inc.

    166,198        15,953,346   
   

 

 

 

Industrial Conglomerates—1.2%

  

Roper Technologies, Inc.

    88,630        13,888,321   
   

 

 

 

Insurance—2.6%

  

Allied World Assurance Co. Holdings AG

    276,848        10,567,288   

Aon plc

    224,273        19,872,831   
   

 

 

 
      30,440,119   
   

 

 

 

Internet & Catalog Retail—1.5%

  

Expedia, Inc.

    143,936        16,938,388   
   

 

 

 

Internet Software & Services—1.0%

  

Akamai Technologies, Inc. (a)

    168,438        11,632,328   
   

 

 

 

IT Services—9.5%

  

Alliance Data Systems Corp. (a)

    92,947        24,071,414   

Euronet Worldwide, Inc. (a)

    279,894        20,737,346   

Gartner, Inc. (a)

    78,774        6,611,502   

Global Payments, Inc.

    240,861        27,633,982   

Jack Henry & Associates, Inc.

    162,972        11,344,481   

Vantiv, Inc. - Class A (a)

    416,966        18,730,113   
   

 

 

 
      109,128,838   
   

 

 

 

 

MSF-60


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Leisure Products—1.5%

  

Brunswick Corp.

    348,409      $ 16,685,307   
   

 

 

 

Life Sciences Tools & Services—2.2%

  

Illumina, Inc. (a)

    44,566        7,835,594   

PAREXEL International Corp. (a)

    278,167        17,224,101   
   

 

 

 
      25,059,695   
   

 

 

 

Machinery—2.1%

  

Wabtec Corp.

    272,299        23,975,927   
   

 

 

 

Marine—0.4%

  

Kirby Corp. (a)

    81,666        5,059,209   
   

 

 

 

Media—0.7%

  

IMAX Corp. (a)

    249,728        8,438,309   
   

 

 

 

Multiline Retail—3.8%

  

Dollar General Corp.

    376,939        27,305,461   

Dollar Tree, Inc. (a)

    254,381        16,957,038   
   

 

 

 
      44,262,499   
   

 

 

 

Oil, Gas & Consumable Fuels—1.6%

  

Carrizo Oil & Gas, Inc. (a)

    324,069        9,897,067   

Continental Resources, Inc. (a) (b)

    194,006        5,620,354   

InterOil Corp. (a) (b)

    89,932        3,031,608   
   

 

 

 
      18,549,029   
   

 

 

 

Pharmaceuticals—1.1%

  

Perrigo Co. plc

    80,497        12,659,763   
   

 

 

 

Professional Services—2.2%

  

CEB, Inc.

    146,784        10,031,219   

Equifax, Inc.

    157,751        15,330,242   
   

 

 

 
      25,361,461   
   

 

 

 

Road & Rail—1.4%

  

J.B. Hunt Transport Services, Inc.

    217,986        15,564,200   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.8%

  

Analog Devices, Inc.

    275,900        15,563,519   

Lam Research Corp. (b)

    162,972        10,646,961   

NXP Semiconductor NV (a)

    122,509        10,666,858   

Qorvo, Inc. (a)

    152,481        6,869,269   
   

 

 

 
      43,746,607   
   

 

 

 

Software—10.3%

  

Activision Blizzard, Inc. (b)

    736,231        22,742,175   

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

    426,245        8,814,747   

CDK Global, Inc.

    237,897        11,366,719   

Electronic Arts, Inc. (a)

    529,314        35,861,023   

Fair Isaac Corp.

    130,918        11,062,571   

Fortinet, Inc. (a)

    346,842        14,733,848   

Red Hat, Inc. (a)

    200,128        14,385,201   
   

 

 

 
      118,966,284   
   

 

 

 

Specialty Retail—7.9%

  

Advance Auto Parts, Inc.

    76,401      14,480,282   

DSW, Inc. - Class A

    506,382        12,816,528   

GNC Holdings, Inc. - Class A

    327,008        13,217,663   

L Brands, Inc.

    118,573        10,686,985   

O’Reilly Automotive, Inc. (a)

    73,382        18,345,500   

Ross Stores, Inc.

    450,198        21,821,097   
   

 

 

 
      91,368,055   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.6%

  

Carter’s, Inc.

    115,227        10,444,175   

lululemon athletica, Inc. (a) (b)

    149,196        7,556,778   
   

 

 

 
      18,000,953   
   

 

 

 

Trading Companies & Distributors—0.9%

  

HD Supply Holdings, Inc. (a)

    374,115        10,707,172   
   

 

 

 

Total Common Stocks
(Cost $1,009,990,153)

      1,118,084,253   
   

 

 

 
Short-Term Investments—6.8%   

Mutual Fund—5.0%

  

State Street Navigator Securities Lending MET Portfolio (c)

    57,643,563        57,643,563   
   

 

 

 

Repurchase Agreement—1.8%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $21,011,882 on 10/01/15, collateralized by $21,065,000 U.S. Treasury Note at 1.500% due 05/31/19 with a value of $21,433,638.

    21,011,882        21,011,882   
   

 

 

 

Total Short-Term Investments
(Cost $78,655,445)

      78,655,445   
   

 

 

 

Total Investments—103.7%
(Cost $1,088,645,598) (d)

      1,196,739,698   

Other assets and liabilities
(net)—(3.7)%

      (42,205,913
   

 

 

 
Net Assets—100.0%     $ 1,154,533,785   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $110,740,005 and the collateral received consisted of cash in the amount of $57,643,563 and non-cash collateral with a value of $53,924,834. 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.

 

MSF-61


Table of Contents

Metropolitan Series Fund

Frontier Mid Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

(c) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $1,088,645,598. The aggregate unrealized appreciation and depreciation of investments were $176,849,049 and $(68,754,949), respectively, resulting in net unrealized appreciation of $108,094,100.

 

 

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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,118,084,253       $ —        $ —         $ 1,118,084,253   
Short-Term Investments           

Mutual Fund

     57,643,563         —          —           57,643,563   

Repurchase Agreement

     —           21,011,882        —           21,011,882   

Total Short-Term Investments

     57,643,563         21,011,882        —           78,655,445   

Total Investments

   $ 1,175,727,816       $ 21,011,882      $ —         $ 1,196,739,698   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (57,643,563   $ —         $ (57,643,563

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-62


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—99.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.6%

   

Boeing Co. (The)

    326,841      $ 42,799,829   
   

 

 

 

Automobiles—1.4%

   

Tesla Motors, Inc. (a) (b)

    148,048        36,775,123   
   

 

 

 

Banks—0.9%

   

Citigroup, Inc.

    499,213        24,765,957   
   

 

 

 

Beverages—0.7%

   

Monster Beverage Corp. (a)

    135,240        18,276,334   
   

 

 

 

Biotechnology—7.1%

   

Alexion Pharmaceuticals, Inc. (a)

    256,496        40,113,409   

Biogen, Inc. (a)

    165,172        48,198,841   

Celgene Corp. (a)

    424,175        45,883,010   

Gilead Sciences, Inc.

    98,050        9,627,530   

Regeneron Pharmaceuticals, Inc. (a)

    65,888        30,647,144   

Vertex Pharmaceuticals, Inc. (a)

    139,511        14,528,676   
   

 

 

 
      188,998,610   
   

 

 

 

Capital Markets—2.0%

   

Goldman Sachs Group, Inc. (The)

    139,571        24,251,857   

Morgan Stanley

    919,868        28,975,842   
   

 

 

 
      53,227,699   
   

 

 

 

Chemicals—1.3%

   

Monsanto Co.

    247,199        21,095,963   

Sherwin-Williams Co. (The)

    61,889        13,787,631   
   

 

 

 
      34,883,594   
   

 

 

 

Communications Equipment—0.5%

   

Palo Alto Networks, Inc. (a)

    72,254        12,427,688   
   

 

 

 

Diversified Financial Services—1.1%

   

McGraw Hill Financial, Inc.

    327,279        28,309,633   
   

 

 

 

Energy Equipment & Services—0.4%

   

Schlumberger, Ltd.

    174,600        12,042,162   
   

 

 

 

Food & Staples Retailing—2.9%

   

Costco Wholesale Corp.

    300,478        43,440,104   

Kroger Co. (The)

    939,880        33,901,472   
   

 

 

 
      77,341,576   
   

 

 

 

Food Products—0.6%

   

Mondelez International, Inc. - Class A

    382,545        16,017,159   
   

 

 

 

Health Care Equipment & Supplies—1.4%

  

Abbott Laboratories

    938,701        37,754,554   
   

 

 

 

Hotels, Restaurants & Leisure—4.9%

  

Chipotle Mexican Grill, Inc. (a)

    44,074        31,744,298   

Marriott International, Inc. - Class A (b)

    539,289        36,779,510   

Starbucks Corp.

    1,094,333        62,201,888   
   

 

 

 
      130,725,696   
   

 

 

 

Internet & Catalog Retail—8.9%

   

Amazon.com, Inc. (a)

    214,685      109,895,105   

JD.com, Inc. (ADR) (a)

    497,625        12,968,107   

Netflix, Inc. (a)

    635,286        65,599,632   

Priceline Group, Inc. (The) (a)

    37,982        46,978,417   
   

 

 

 
      235,441,261   
   

 

 

 

Internet Software & Services—13.4%

  

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

    287,556        16,957,177   

Alphabet, Inc. - Class A (a)

    105,783        67,528,694   

Alphabet, Inc. - Class C (a)

    110,627        67,307,679   

Facebook, Inc. - Class A (a)

    1,198,481        107,743,442   

LinkedIn Corp. - Class A (a)

    221,912        42,192,129   

Tencent Holdings, Ltd.

    2,639,587        44,462,654   

Twitter, Inc. (a) (b)

    368,236        9,920,278   
   

 

 

 
      356,112,053   
   

 

 

 

IT Services—6.2%

   

MasterCard, Inc. - Class A

    902,162        81,302,839   

Visa, Inc. - Class A

    1,192,524        83,071,222   
   

 

 

 
      164,374,061   
   

 

 

 

Life Sciences Tools & Services—1.5%

  

Illumina, Inc. (a)

    219,994        38,679,345   
   

 

 

 

Media—3.3%

  

Time Warner, Inc.

    448,996        30,868,475   

Walt Disney Co. (The)

    557,119        56,937,562   
   

 

 

 
      87,806,037   
   

 

 

 

Multiline Retail—1.2%

  

Dollar General Corp.

    455,749        33,014,458   
   

 

 

 

Oil, Gas & Consumable Fuels—1.7%

  

Concho Resources, Inc. (a)

    224,826        22,100,396   

EOG Resources, Inc.

    324,630        23,633,064   
   

 

 

 
      45,733,460   
   

 

 

 

Pharmaceuticals—8.1%

  

Allergan plc (a)

    195,371        53,103,792   

Bristol-Myers Squibb Co.

    806,653        47,753,858   

Merck & Co., Inc.

    503,814        24,883,373   

Novo Nordisk A/S (ADR)

    759,326        41,185,842   

Shire plc (ADR)

    234,196        48,064,045   
   

 

 

 
      214,990,910   
   

 

 

 

Real Estate Investment Trusts—1.1%

  

American Tower Corp.

    334,499        29,429,222   
   

 

 

 

Road & Rail—0.4%

  

Canadian Pacific Railway, Ltd.

    71,815        10,310,480   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.8%

  

ARM Holdings plc (ADR) (b)

    601,265        26,004,711   

NXP Semiconductors NV (a)

    255,642        22,258,749   
   

 

 

 
      48,263,460   
   

 

 

 

 

MSF-63


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Software—8.6%

   

Adobe Systems, Inc. (a)

    632,132      $ 51,973,893   

FireEye, Inc. (a) (b)

    395,719        12,591,779   

Red Hat, Inc. (a)

    562,605        40,440,047   

Salesforce.com, Inc. (a)

    801,732        55,664,253   

Splunk, Inc. (a) (b)

    469,091        25,964,187   

VMware, Inc. - Class A (a)

    200,422        15,791,249   

Workday, Inc. - Class A (a)

    368,651        25,385,308   
   

 

 

 
      227,810,716   
   

 

 

 

Specialty Retail—5.4%

   

Industria de Diseno Textil S.A.

    1,471,469        49,293,653   

O’Reilly Automotive, Inc. (a)

    165,831        41,457,750   

Tiffany & Co.

    217,735        16,813,497   

TJX Cos., Inc. (The)

    511,615        36,539,543   
   

 

 

 
      144,104,443   
   

 

 

 

Technology Hardware, Storage & Peripherals—6.0%

  

Apple, Inc.

    1,436,775        158,476,282   
   

 

 

 

Textiles, Apparel & Luxury Goods—4.7%

  

NIKE, Inc. - Class B

    675,329        83,045,207   

Under Armour, Inc. - Class A (a) (b)

    430,047        41,619,949   
   

 

 

 
      124,665,156   
   

 

 

 

Total Common Stocks
(Cost $1,942,948,950)

      2,633,556,958   
   

 

 

 
Short-Term Investments—4.9%   

Mutual Fund—4.7%

   

State Street Navigator Securities Lending MET Portfolio (c)

    124,034,806        124,034,806   
   

 

 

 
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—0.2%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $5,347,482 on 10/01/15, collateralized by $5,365,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $5,458,888.

    5,347,482      5,347,482   
   

 

 

 

Total Short-Term Investments
(Cost $129,382,288)

      129,382,288   
   

 

 

 

Total Investments—104.0%
(Cost $2,072,331,238) (d)

      2,762,939,246   

Other assets and liabilities
(net)—(4.0)%

      (107,199,067
   

 

 

 
Net Assets—100.0%     $ 2,655,740,179   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $157,139,311 and the collateral received consisted of cash in the amount of $124,034,806 and non-cash collateral with a value of $32,425,804. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $2,072,331,238. The aggregate unrealized appreciation and depreciation of investments were $770,908,656 and $(80,300,648), respectively, resulting in net unrealized appreciation of $690,608,008.
(ADR)— An American Depositary Receipt is a certificate issued by a custodian bank representing the right to receive securities of the foreign issuer described. Trading on exchanges not located in the United States or Canada significantly influences the value of ADRs.

 

MSF-64


Table of Contents

Metropolitan Series Fund

Jennison Growth Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 42,799,829       $ —        $ —         $ 42,799,829   

Automobiles

     36,775,123         —          —           36,775,123   

Banks

     24,765,957         —          —           24,765,957   

Beverages

     18,276,334         —          —           18,276,334   

Biotechnology

     188,998,610         —          —           188,998,610   

Capital Markets

     53,227,699         —          —           53,227,699   

Chemicals

     34,883,594         —          —           34,883,594   

Communications Equipment

     12,427,688         —          —           12,427,688   

Diversified Financial Services

     28,309,633         —          —           28,309,633   

Energy Equipment & Services

     12,042,162         —          —           12,042,162   

Food & Staples Retailing

     77,341,576         —          —           77,341,576   

Food Products

     16,017,159         —          —           16,017,159   

Health Care Equipment & Supplies

     37,754,554         —          —           37,754,554   

Hotels, Restaurants & Leisure

     130,725,696         —          —           130,725,696   

Internet & Catalog Retail

     235,441,261         —          —           235,441,261   

Internet Software & Services

     311,649,399         44,462,654        —           356,112,053   

IT Services

     164,374,061         —          —           164,374,061   

Life Sciences Tools & Services

     38,679,345         —          —           38,679,345   

Media

     87,806,037         —          —           87,806,037   

Multiline Retail

     33,014,458         —          —           33,014,458   

Oil, Gas & Consumable Fuels

     45,733,460         —          —           45,733,460   

Pharmaceuticals

     214,990,910         —          —           214,990,910   

Real Estate Investment Trusts

     29,429,222         —          —           29,429,222   

Road & Rail

     10,310,480         —          —           10,310,480   

Semiconductors & Semiconductor Equipment

     48,263,460         —          —           48,263,460   

Software

     227,810,716         —          —           227,810,716   

Specialty Retail

     94,810,790         49,293,653        —           144,104,443   

Technology Hardware, Storage & Peripherals

     158,476,282         —          —           158,476,282   

Textiles, Apparel & Luxury Goods

     124,665,156         —          —           124,665,156   

Total Common Stocks

     2,539,800,651         93,756,307        —           2,633,556,958   
Short-Term Investments           

Mutual Fund

     124,034,806         —          —           124,034,806   

Repurchase Agreement

     —           5,347,482        —           5,347,482   

Total Short-Term Investments

     124,034,806         5,347,482        —           129,382,288   

Total Investments

   $ 2,663,835,457       $ 99,103,789      $ —         $ 2,762,939,246   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (124,034,806   $ —         $ (124,034,806

 

MSF-65


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—97.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.4%

  

BWX Technologies, Inc.

    80,726      $ 2,127,937   

DigitalGlobe, Inc. (a)

    123,699        2,352,755   

Hexcel Corp. (b)

    33,053        1,482,758   
   

 

 

 
      5,963,450   
   

 

 

 

Air Freight & Logistics—0.1%

  

Echo Global Logistics, Inc. (a)

    15,500        303,800   
   

 

 

 

Auto Components—1.8%

  

Fox Factory Holding Corp. (a)

    112,076        1,889,601   

Gentherm, Inc. (a)

    35,228        1,582,442   

Horizon Global Corp. (a)

    49,297        434,799   

Metaldyne Performance Group, Inc.

    85,563        1,797,679   

Tenneco, Inc. (a)

    38,374        1,718,004   
   

 

 

 
      7,422,525   
   

 

 

 

Banks—12.8%

  

BancorpSouth, Inc.

    125,361        2,979,831   

Bank of the Ozarks, Inc. (b)

    50,578        2,213,293   

Bryn Mawr Bank Corp.

    51,435        1,598,085   

Cathay General Bancorp

    125,984        3,774,481   

City National Corp.

    12,387        1,090,799   

CVB Financial Corp. (b)

    142,216        2,375,007   

First Financial Bancorp

    144,502        2,757,098   

First Financial Bankshares, Inc. (b)

    66,811        2,123,254   

Home BancShares, Inc.

    54,813        2,219,926   

Iberiabank Corp.

    46,332        2,696,986   

LegacyTexas Financial Group, Inc.

    44,495        1,356,208   

PacWest Bancorp (b)

    65,575        2,807,266   

Pinnacle Financial Partners, Inc.

    88,473        4,371,451   

Popular, Inc.

    75,510        2,282,667   

PrivateBancorp, Inc.

    50,022        1,917,343   

Prosperity Bancshares, Inc. (b)

    53,642        2,634,359   

Signature Bank (a)

    29,196        4,016,202   

Talmer Bancorp, Inc. - Class A

    283,494        4,720,175   

Texas Capital Bancshares, Inc. (a)

    38,371        2,011,408   

Triumph Bancorp, Inc. (a)

    35,029        588,487   

Wintrust Financial Corp.

    61,820        3,303,043   
   

 

 

 
      53,837,369   
   

 

 

 

Beverages—0.5%

  

Cott Corp.

    198,957        2,154,704   
   

 

 

 

Biotechnology—2.4%

  

Acorda Therapeutics, Inc. (a) (b)

    40,540        1,074,715   

Amicus Therapeutics, Inc. (a) (b)

    65,531        916,779   

Anacor Pharmaceuticals, Inc. (a)

    6,622        779,476   

Chimerix, Inc. (a) (b)

    25,368        969,058   

Emergent Biosolutions, Inc. (a)

    61,907        1,763,730   

Insys Therapeutics, Inc. (a) (b)

    30,233        860,431   

MiMedx Group, Inc. (a) (b)

    116,655        1,125,721   

Neurocrine Biosciences, Inc. (a)

    22,161        881,786   

Retrophin, Inc. (a)

    10,024        203,086   

TESARO, Inc. (a) (b)

    16,482        660,928   

Zafgen, Inc. (a)

    31,167        995,786   
   

 

 

 
      10,231,496   
   

 

 

 

Building Products—1.4%

  

Apogee Enterprises, Inc.

    33,202      1,482,469   

Armstrong World Industries, Inc. (a)

    35,535        1,696,441   

Masonite International Corp. (a)

    24,904        1,508,685   

Trex Co., Inc. (a) (b)

    38,991        1,299,570   
   

 

 

 
      5,987,165   
   

 

 

 

Capital Markets—1.8%

  

Artisan Partners Asset Management, Inc. - Class A (b)

    43,598        1,535,958   

Hercules Technology Growth Capital, Inc. (b)

    122,023        1,233,652   

HFF, Inc. - Class A

    48,493        1,637,124   

Safeguard Scientifics, Inc. (a) (b)

    43,441        675,073   

Stifel Financial Corp. (a)

    56,327        2,371,367   
   

 

 

 
      7,453,174   
   

 

 

 

Chemicals—0.7%

  

Cabot Corp.

    27,204        858,558   

Minerals Technologies, Inc.

    36,581        1,761,741   

Tronox, Ltd. - Class A (b)

    86,855        379,557   
   

 

 

 
      2,999,856   
   

 

 

 

Commercial Services & Supplies—2.8%

  

Healthcare Services Group, Inc. (b)

    63,545        2,141,467   

KAR Auction Services, Inc.

    86,743        3,079,376   

Knoll, Inc.

    59,536        1,308,601   

Viad Corp.

    52,961        1,535,339   

Waste Connections, Inc.

    32,277        1,568,017   

West Corp.

    97,237        2,178,109   
   

 

 

 
      11,810,909   
   

 

 

 

Communications Equipment—1.0%

  

ARRIS Group, Inc. (a)

    51,199        1,329,638   

Calix, Inc. (a)

    131,380        1,023,450   

Ciena Corp. (a) (b)

    43,886        909,318   

Digi International, Inc. (a)

    78,542        926,010   
   

 

 

 
      4,188,416   
   

 

 

 

Construction & Engineering—0.9%

  

Argan, Inc.

    18,016        624,795   

Granite Construction, Inc.

    41,879        1,242,550   

MYR Group, Inc. (a)

    68,157        1,785,713   
   

 

 

 
      3,653,058   
   

 

 

 

Construction Materials—0.2%

  

Summit Materials, Inc. - Class A (a)

    52,716        989,479   
   

 

 

 

Consumer Finance—0.5%

  

Credit Acceptance Corp. (a) (b)

    3,753        738,853   

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

    35,932        1,329,484   
   

 

 

 
      2,068,337   
   

 

 

 

 

MSF-66


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Distributors—1.0%

  

Core-Mark Holding Co., Inc.

    35,474      $ 2,321,774   

Pool Corp.

    29,191        2,110,509   
   

 

 

 
      4,432,283   
   

 

 

 

Diversified Consumer Services—1.3%

  

2U, Inc. (a)

    38,742        1,390,838   

Bright Horizons Family Solutions, Inc. (a)

    36,737        2,359,985   

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

    93,253        1,895,833   
   

 

 

 
      5,646,656   
   

 

 

 

Diversified Financial Services—1.3%

  

FNFV Group (a) (b)

    159,280        1,866,762   

MarketAxess Holdings, Inc.

    37,220        3,456,993   
   

 

 

 
      5,323,755   
   

 

 

 

Electric Utilities—1.0%

  

ALLETE, Inc. (b)

    60,842        3,071,913   

UIL Holdings Corp.

    19,800        995,346   
   

 

 

 
      4,067,259   
   

 

 

 

Electrical Equipment—1.0%

  

AZZ, Inc.

    15,920        775,145   

Babcock & Wilcox Enterprises, Inc. (a)

    108,179        1,817,407   

EnerSys

    33,517        1,795,841   
   

 

 

 
      4,388,393   
   

 

 

 

Electronic Equipment, Instruments & Components—3.4%

  

Belden, Inc.

    37,769        1,763,435   

FEI Co. (b)

    22,638        1,653,479   

IPG Photonics Corp. (a)

    19,560        1,485,973   

Littelfuse, Inc.

    37,252        3,395,520   

Methode Electronics, Inc.

    50,609        1,614,427   

Rogers Corp. (a)

    41,911        2,228,827   

Vishay Intertechnology, Inc. (b)

    82,858        802,894   

Zebra Technologies Corp. - Class A (a) (b)

    19,722        1,509,719   
   

 

 

 
      14,454,274   
   

 

 

 

Energy Equipment & Services—1.2%

  

Bristow Group, Inc.

    39,764        1,040,226   

Dril-Quip, Inc. (a)

    22,179        1,291,261   

Helix Energy Solutions Group, Inc. (a)

    166,030        795,284   

Natural Gas Services Group, Inc. (a)

    53,151        1,025,814   

Parker Drilling Co. (a)

    337,922        888,735   
   

 

 

 
      5,041,320   
   

 

 

 

Food & Staples Retailing—0.5%

  

SpartanNash Co.

    81,622        2,109,929   
   

 

 

 

Food Products—1.4%

  

Boulder Brands, Inc. (a) (b)

    82,685        677,190   

Calavo Growers, Inc.

    16,174        722,008   

J&J Snack Foods Corp.

    6,991        794,597   

Post Holdings, Inc. (a) (b)

    61,181        3,615,797   
   

 

 

 
      5,809,592   
   

 

 

 

Health Care Equipment & Supplies—3.4%

  

Cynosure, Inc. - Class A (a)

    91,089      2,736,313   

Halyard Health, Inc. (a)

    55,540        1,579,558   

Inogen, Inc. (a)

    38,325        1,860,679   

Insulet Corp. (a)

    17,365        449,927   

LDR Holding Corp. (a)

    37,650        1,300,054   

Merit Medical Systems, Inc. (a)

    49,724        1,188,901   

Natus Medical, Inc. (a)

    39,060        1,540,917   

Quidel Corp. (a) (b)

    43,508        821,431   

SurModics, Inc. (a) (b)

    42,270        923,177   

Teleflex, Inc. (b)

    17,290        2,147,591   
   

 

 

 
      14,548,548   
   

 

 

 

Health Care Providers & Services—2.6%

  

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

    24,604        1,630,507   

Adeptus Health, Inc. - Class A (a) (b)

    11,507        929,305   

AMN Healthcare Services, Inc. (a)

    54,845        1,645,899   

Amsurg Corp. (a)

    30,978        2,407,300   

Ensign Group, Inc. (The)

    22,509        959,559   

Team Health Holdings, Inc. (a)

    36,968        1,997,381   

WellCare Health Plans, Inc. (a)

    16,551        1,426,365   
   

 

 

 
      10,996,316   
   

 

 

 

Health Care Technology—0.4%

  

Medidata Solutions, Inc. (a) (b)

    38,335        1,614,287   
   

 

 

 

Hotels, Restaurants & Leisure—5.5%

  

Carrols Restaurant Group, Inc. (a)

    78,313        931,925   

Churchill Downs, Inc.

    26,965        3,608,187   

Chuy’s Holdings, Inc. (a) (b)

    45,728        1,298,675   

Cracker Barrel Old Country Store, Inc. (b)

    6,635        977,203   

Del Frisco’s Restaurant Group, Inc. (a)

    43,302        601,465   

Diamond Resorts International, Inc. (a) (b)

    130,944        3,062,780   

J. Alexander’s Holdings, Inc. (a)

    27,511        274,283   

Marriott Vacations Worldwide Corp.

    34,539        2,353,487   

Popeyes Louisiana Kitchen, Inc. (a)

    29,230        1,647,403   

Six Flags Entertainment Corp. (b)

    58,762        2,690,124   

Texas Roadhouse, Inc. (b)

    50,340        1,872,648   

Vail Resorts, Inc.

    20,711        2,168,027   

Zoe’s Kitchen, Inc. (a) (b)

    38,797        1,532,094   
   

 

 

 
      23,018,301   
   

 

 

 

Household Durables—1.4%

  

Helen of Troy, Ltd. (a)

    7,960        710,828   

Jarden Corp. (a)

    46,469        2,271,404   

La-Z-Boy, Inc.

    26,321        699,086   

Libbey, Inc.

    64,321        2,097,508   
   

 

 

 
      5,778,826   
   

 

 

 

Industrial Conglomerates—0.3%

  

Raven Industries, Inc. (b)

    73,559        1,246,825   
   

 

 

 

Insurance—1.9%

  

Employers Holdings, Inc.

    123,838        2,760,349   

HCC Insurance Holdings, Inc.

    8,862        686,539   

ProAssurance Corp.

    45,299        2,222,822   

 

MSF-67


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Insurance—(Continued)

  

Reinsurance Group of America, Inc.

    27,885      $ 2,526,102   
   

 

 

 
      8,195,812   
   

 

 

 

Internet & Catalog Retail—1.0%

  

HSN, Inc.

    31,016        1,775,356   

Liberty Ventures - Series A (a)

    32,340        1,304,919   

Wayfair, Inc. - Class A (a) (b)

    31,094        1,090,155   
   

 

 

 
      4,170,430   
   

 

 

 

Internet Software & Services—1.7%

  

comScore, Inc. (a) (b)

    31,415        1,449,802   

Criteo S.A. (ADR) (a)

    43,588        1,636,294   

Demandware, Inc. (a) (b)

    32,414        1,675,156   

Q2 Holdings, Inc. (a)

    59,385        1,467,997   

Wix.com, Ltd. (a) (b)

    64,677        1,126,673   
   

 

 

 
      7,355,922   
   

 

 

 

IT Services—5.4%

  

Blackhawk Network Holdings, Inc. (a)

    26,395        1,118,884   

Booz Allen Hamilton Holding Corp.

    80,913        2,120,730   

Convergys Corp.

    98,747        2,282,043   

CSG Systems International, Inc.

    65,808        2,026,886   

DST Systems, Inc.

    26,050        2,738,897   

EPAM Systems, Inc. (a)

    26,091        1,944,301   

Euronet Worldwide, Inc. (a)

    75,317        5,580,237   

InterXion Holding NV (a)

    45,593        1,234,659   

Perficient, Inc. (a)

    84,986        1,311,334   

WEX, Inc. (a)

    29,644        2,574,285   
   

 

 

 
      22,932,256   
   

 

 

 

Leisure Products—0.3%

  

Vista Outdoor, Inc. (a)

    25,358        1,126,656   
   

 

 

 

Life Sciences Tools & Services—1.2%

  

Cambrex Corp. (a)

    30,670        1,216,985   

INC Research Holdings, Inc. - Class A (a)

    40,003        1,600,120   

VWR Corp. (a) (b)

    81,539        2,094,737   
   

 

 

 
      4,911,842   
   

 

 

 

Machinery—4.1%

  

Alamo Group, Inc.

    18,612        870,111   

Albany International Corp. - Class A

    51,129        1,462,801   

Altra Industrial Motion Corp. (b)

    44,046        1,018,344   

John Bean Technologies Corp.

    94,313        3,607,472   

Middleby Corp. (The) (a)

    16,561        1,742,052   

Proto Labs, Inc. (a) (b)

    28,575        1,914,525   

RBC Bearings, Inc. (a)

    58,206        3,476,644   

TriMas Corp. (a)

    67,251        1,099,554   

Wabtec Corp.

    23,528        2,071,640   
   

 

 

 
      17,263,143   
   

 

 

 

Marine—0.3%

  

Kirby Corp. (a)

    19,349        1,198,671   
   

 

 

 

Media—2.9%

  

Carmike Cinemas, Inc. (a)

    73,550      1,477,619   

EW Scripps Co. (The) - Class A

    110,027        1,944,177   

IMAX Corp. (a) (b)

    40,579        1,371,164   

John Wiley & Sons, Inc. - Class A

    40,041        2,003,251   

National CineMedia, Inc.

    137,768        1,848,847   

New Media Investment Group, Inc. (b)

    140,721        2,175,547   

Time, Inc.

    64,918        1,236,688   
   

 

 

 
      12,057,293   
   

 

 

 

Metals & Mining—0.9%

  

Globe Specialty Metals, Inc.

    80,681        978,660   

Haynes International, Inc.

    42,162        1,595,410   

Horsehead Holding Corp. (a) (b)

    72,798        221,306   

SunCoke Energy, Inc.

    125,791        978,654   
   

 

 

 
      3,774,030   
   

 

 

 

Multi-Utilities—0.7%

  

NorthWestern Corp. (b)

    54,849        2,952,522   
   

 

 

 

Multiline Retail—0.2%

  

Fred’s, Inc. - Class A (b)

    72,806        862,751   
   

 

 

 

Oil, Gas & Consumable Fuels—1.1%

  

Diamondback Energy, Inc. (a)

    18,200        1,175,720   

PDC Energy, Inc. (a) (b)

    24,861        1,317,882   

QEP Resources, Inc.

    74,191        929,613   

Synergy Resources Corp. (a) (b)

    132,460        1,298,108   
   

 

 

 
      4,721,323   
   

 

 

 

Pharmaceuticals—1.3%

  

Catalent, Inc. (a)

    76,326        1,854,722   

Flamel Technologies S.A. (ADR) (a)

    45,973        749,820   

Impax Laboratories, Inc. (a) (b)

    37,193        1,309,565   

Intra-Cellular Therapies, Inc. (a)

    15,291        612,252   

ZS Pharma, Inc. (a)

    14,188        931,584   
   

 

 

 
      5,457,943   
   

 

 

 

Professional Services—1.8%

  

Advisory Board Co. (The) (a)

    8,345        380,032   

CEB, Inc.

    21,277        1,454,070   

FTI Consulting, Inc. (a)

    57,373        2,381,553   

Huron Consulting Group, Inc. (a)

    25,487        1,593,702   

RPX Corp. (a)

    123,018        1,687,807   
   

 

 

 
      7,497,164   
   

 

 

 

Real Estate Investment Trusts—4.9%

  

American Campus Communities, Inc.

    55,813        2,022,663   

BioMed Realty Trust, Inc.

    98,359        1,965,213   

CubeSmart

    121,211        3,298,151   

Hersha Hospitality Trust

    75,629        1,713,753   

Mid-America Apartment Communities, Inc.

    32,704        2,677,476   

National Retail Properties, Inc.

    42,345        1,535,853   

Omega Healthcare Investors, Inc.

    32,123        1,129,123   

Retail Opportunity Investments Corp. (b)

    194,735        3,220,917   

 

MSF-68


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Real Estate Investment Trusts—(Continued)

  

Sabra Health Care REIT, Inc. (b)

    28,359      $ 657,362   

Sovran Self Storage, Inc.

    28,205        2,659,732   
   

 

 

 
      20,880,243   
   

 

 

 

Road & Rail—1.2%

  

Avis Budget Group, Inc. (a)

    27,857        1,216,794   

Genesee & Wyoming, Inc. - Class A (a)

    34,431        2,034,183   

Old Dominion Freight Line, Inc. (a)

    28,758        1,754,238   
   

 

 

 
      5,005,215   
   

 

 

 

Semiconductors & Semiconductor Equipment—3.4%

  

Advanced Energy Industries, Inc. (a)

    54,549        1,434,639   

Cavium, Inc. (a) (b)

    26,798        1,644,593   

Diodes, Inc. (a)

    61,861        1,321,969   

Inphi Corp. (a)

    61,152        1,470,094   

Intersil Corp. - Class A

    119,177        1,394,371   

MKS Instruments, Inc.

    45,296        1,518,775   

Monolithic Power Systems, Inc.

    33,420        1,711,104   

Semtech Corp. (a)

    43,639        658,949   

Silicon Laboratories, Inc. (a)

    34,135        1,417,968   

Teradyne, Inc.

    98,211        1,768,780   
   

 

 

 
      14,341,242   
   

 

 

 

Software—4.1%

  

Blackbaud, Inc.

    3,814        214,042   

Callidus Software, Inc. (a)

    78,798        1,338,778   

Ellie Mae, Inc. (a)

    18,229        1,213,504   

FleetMatics Group plc (a) (b)

    46,050        2,260,594   

Guidewire Software, Inc. (a)

    53,160        2,795,153   

Imperva, Inc. (a) (b)

    24,047        1,574,598   

Proofpoint, Inc. (a) (b)

    30,591        1,845,249   

Synchronoss Technologies, Inc. (a) (b)

    50,465        1,655,252   

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

    13,354        2,390,499   

Verint Systems, Inc. (a)

    43,631        1,882,678   
   

 

 

 
      17,170,347   
   

 

 

 

Specialty Retail—2.8%

  

Asbury Automotive Group, Inc. (a)

    25,547        2,073,139   

Barnes & Noble Education, Inc. (a)

    64,468        819,388   

Barnes & Noble, Inc.

    68,614        830,916   

Genesco, Inc. (a)

    38,244        2,182,585   

MarineMax, Inc. (a)

    81,496        1,151,538   

Monro Muffler Brake, Inc. (b)

    33,609        2,270,288   

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

    13,751        1,283,106   

Sally Beauty Holdings, Inc. (a)

    50,164        1,191,395   
   

 

 

 
      11,802,355   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.2%

  

Columbia Sportswear Co.

    30,584        1,798,033   

Oxford Industries, Inc.

    22,360        1,651,957   

Steven Madden, Ltd. (a)

    46,785        1,713,267   
   

 

 

 
      5,163,257   
   

 

 

 

Thrifts & Mortgage Finance—0.6%

  

Essent Group, Ltd. (a)

    72,729      1,807,316   

Federal Agricultural Mortgage Corp. - Class C

    33,757        875,319   
   

 

 

 
      2,682,635   
   

 

 

 

Trading Companies & Distributors—0.3%

  

H&E Equipment Services, Inc.

    69,479        1,161,689   
   

 

 

 

Transportation Infrastructure—0.4%

  

Macquarie Infrastructure Corp.

    21,938        1,637,891   
   

 

 

 

Total Common Stocks
(Cost $330,338,547)

      411,862,934   
   

 

 

 
Short-Term Investments—18.8%   

Mutual Fund—16.2%

  

State Street Navigator Securities Lending MET Portfolio (c)

    68,323,251        68,323,251   
   

 

 

 

Repurchase Agreement—2.6%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated
09/30/15 at 0.000% to be repurchased at $10,867,853 on 10/01/15, collateralized by $10,895,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $11,085,663.

    10,867,853        10,867,853   
   

 

 

 

Total Short-Term Investments
(Cost $79,191,104)

      79,191,104   
   

 

 

 

Total Investments—116.5%
(Cost $409,529,651) (d)

      491,054,038   

Other assets and liabilities (net)—(16.5)%

      (69,594,755
   

 

 

 
Net Assets—100.0%     $ 421,459,283   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $73,946,589 and the collateral received consisted of cash in the amount of $68,323,251 and non-cash collateral with a value of $6,737,583. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $409,529,651. The aggregate unrealized appreciation and depreciation of investments were $103,923,319 and $(22,398,932), respectively, resulting in net unrealized appreciation of $81,524,387.
(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-69


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Core Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 411,862,934       $ —        $ —         $ 411,862,934   
Short-Term Investments           

Mutual Fund

     68,323,251         —          —           68,323,251   

Repurchase Agreement

     —           10,867,853        —           10,867,853   

Total Short-Term Investments

     68,323,251         10,867,853        —           79,191,104   

Total Investments

   $ 480,186,185       $ 10,867,853      $ —         $ 491,054,038   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (68,323,251   $ —         $ (68,323,251

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-70


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—96.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.6%

  

DigitalGlobe, Inc. (a)

    126,720      $ 2,410,214   

Hexcel Corp. (b)

    79,331        3,558,789   
   

 

 

 
      5,969,003   
   

 

 

 

Air Freight & Logistics—0.2%

  

Echo Global Logistics, Inc. (a)

    37,201        729,140   
   

 

 

 

Auto Components—1.0%

  

Gentherm, Inc. (a)

    83,861        3,767,036   
   

 

 

 

Banks—5.2%

  

Bank of the Ozarks, Inc. (b)

    120,375        5,267,610   

Pinnacle Financial Partners, Inc.

    86,385        4,268,283   

PrivateBancorp, Inc.

    120,058        4,601,823   

Talmer Bancorp, Inc. - Class A

    296,939        4,944,034   
   

 

 

 
      19,081,750   
   

 

 

 

Biotechnology—6.6%

  

Acorda Therapeutics, Inc. (a) (b)

    97,299        2,579,396   

Amicus Therapeutics, Inc. (a) (b)

    157,281        2,200,361   

Anacor Pharmaceuticals, Inc. (a)

    15,766        1,855,816   

Chimerix, Inc. (a) (b)

    60,886        2,325,845   

Emergent Biosolutions, Inc. (a)

    148,583        4,233,130   

Insys Therapeutics, Inc. (a) (b)

    71,952        2,047,754   

MiMedx Group, Inc. (a) (b)

    279,984        2,701,846   

Neurocrine Biosciences, Inc. (a)

    53,023        2,109,785   

Retrophin, Inc. (a)

    23,836        482,917   

TESARO, Inc. (a) (b)

    39,558        1,586,276   

Zafgen, Inc. (a)

    74,803        2,389,956   
   

 

 

 
      24,513,082   
   

 

 

 

Building Products—1.8%

  

Apogee Enterprises, Inc.

    78,953        3,525,251   

Trex Co., Inc. (a) (b)

    93,582        3,119,088   
   

 

 

 
      6,644,339   
   

 

 

 

Capital Markets—2.0%

  

Artisan Partners Asset Management, Inc. - Class A (b)

    103,765        3,655,641   

HFF, Inc. - Class A

    116,388        3,929,259   
   

 

 

 
      7,584,900   
   

 

 

 

Commercial Services & Supplies—1.4%

  

Healthcare Services Group, Inc. (b)

    151,244        5,096,923   
   

 

 

 

Communications Equipment—0.6%

  

Ciena Corp. (a) (b)

    105,330        2,182,438   
   

 

 

 

Construction & Engineering—0.8%

  

Granite Construction, Inc.

    99,412        2,949,554   
   

 

 

 

Consumer Finance—0.9%

  

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

    86,242        3,190,954   
   

 

 

 

Distributors—1.4%

  

Pool Corp.

    69,523      5,026,513   
   

 

 

 

Diversified Consumer Services—3.7%

  

2U, Inc. (a)

    92,064        3,305,098   

Bright Horizons Family Solutions, Inc. (a)

    88,172        5,664,169   

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

    223,816        4,550,179   
   

 

 

 
      13,519,446   
   

 

 

 

Diversified Financial Services—1.4%

  

MarketAxess Holdings, Inc.

    53,976        5,013,291   
   

 

 

 

Electronic Equipment, Instruments & Components—2.0%

  

FEI Co. (b)

    53,884        3,935,687   

IPG Photonics Corp. (a) (b)

    46,946        3,566,488   
   

 

 

 
      7,502,175   
   

 

 

 

Energy Equipment & Services—0.8%

  

Dril-Quip, Inc. (a) (b)

    52,662        3,065,982   
   

 

 

 

Food Products—0.5%

  

Calavo Growers, Inc.

    38,493        1,718,327   
   

 

 

 

Health Care Equipment & Supplies—5.6%

  

Cynosure, Inc. - Class A (a)

    127,421        3,827,727   

Inogen, Inc. (a)

    91,985        4,465,872   

Insulet Corp. (a)

    41,231        1,068,295   

LDR Holding Corp. (a)

    89,476        3,089,606   

Merit Medical Systems, Inc. (a)

    118,145        2,824,847   

Natus Medical, Inc. (a)

    92,807        3,661,236   

Quidel Corp. (a) (b)

    103,612        1,956,195   
   

 

 

 
      20,893,778   
   

 

 

 

Health Care Providers & Services—6.1%

  

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

    58,631        3,885,476   

Adeptus Health, Inc. - Class A (a) (b)

    27,316        2,206,040   

AMN Healthcare Services, Inc. (a)

    130,192        3,907,062   

Amsurg Corp. (a)

    73,737        5,730,102   

Ensign Group, Inc. (The)

    53,412        2,276,954   

Team Health Holdings, Inc. (a)

    87,836        4,745,779   
   

 

 

 
      22,751,413   
   

 

 

 

Health Care Technology—1.0%

  

Medidata Solutions, Inc. (a) (b)

    91,240        3,842,116   
   

 

 

 

Hotels, Restaurants & Leisure—6.2%

  

Chuy’s Holdings, Inc. (a)

    108,549        3,082,792   

Diamond Resorts International, Inc. (a) (b)

    114,672        2,682,178   

Popeyes Louisiana Kitchen, Inc. (a)

    70,156        3,953,992   

Texas Roadhouse, Inc. (b)

    119,608        4,449,417   

Vail Resorts, Inc.

    49,710        5,203,643   

Zoe’s Kitchen, Inc. (a) (b)

    92,096        3,636,871   
   

 

 

 
      23,008,893   
   

 

 

 

Internet & Catalog Retail—0.7%

  

Wayfair, Inc. - Class A (a) (b)

    73,880        2,590,233   
   

 

 

 

 

MSF-71


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Internet Software & Services—4.7%

  

comScore, Inc. (a) (b)

    74,766      $ 3,450,451   

Criteo S.A. (ADR) (a)

    104,615        3,927,247   

Demandware, Inc. (a) (b)

    76,945        3,976,518   

Q2 Holdings, Inc. (a)

    141,113        3,488,313   

Wix.com, Ltd. (a) (b)

    155,231        2,704,124   
   

 

 

 
      17,546,653   
   

 

 

 

IT Services—4.4%

  

Blackhawk Network Holdings, Inc. (a)

    62,713        2,658,404   

EPAM Systems, Inc. (a)

    61,936        4,615,471   

Euronet Worldwide, Inc. (a)

    80,523        5,965,949   

InterXion Holding NV (a)

    109,429        2,963,337   
   

 

 

 
      16,203,161   
   

 

 

 

Leisure Products—0.7%

  

Vista Outdoor, Inc. (a)

    60,178        2,673,709   
   

 

 

 

Life Sciences Tools & Services—1.8%

  

Cambrex Corp. (a)

    73,048        2,898,545   

INC Research Holdings, Inc. - Class A (a)

    95,028        3,801,120   
   

 

 

 
      6,699,665   
   

 

 

 

Machinery—3.0%

  

Middleby Corp. (The) (a)

    39,749        4,181,197   

Proto Labs, Inc. (a) (b)

    68,014        4,556,938   

RBC Bearings, Inc. (a)

    38,224        2,283,120   
   

 

 

 
      11,021,255   
   

 

 

 

Media—0.9%

  

IMAX Corp. (a)

    97,395        3,290,977   
   

 

 

 

Oil, Gas & Consumable Fuels—1.6%

  

Diamondback Energy, Inc. (a)

    43,213        2,791,560   

PDC Energy, Inc. (a) (b)

    59,029        3,129,127   
   

 

 

 
      5,920,687   
   

 

 

 

Pharmaceuticals—2.3%

  

Flamel Technologies S.A. (ADR) (a)

    109,416        1,784,575   

Impax Laboratories, Inc. (a) (b)

    89,269        3,143,161   

Intra-Cellular Therapies, Inc. (a)

    36,294        1,453,212   

ZS Pharma, Inc. (a)

    33,659        2,210,050   
   

 

 

 
      8,590,998   
   

 

 

 

Professional Services—2.2%

  

Advisory Board Co. (The) (a)

    19,814        902,330   

CEB, Inc.

    50,674        3,463,061   

Huron Consulting Group, Inc. (a)

    60,557        3,786,629   
   

 

 

 
      8,152,020   
   

 

 

 

Road & Rail—0.7%

  

Genesee & Wyoming, Inc. - Class A (a) (b)

    45,945        2,714,431   
   

 

 

 

Semiconductors & Semiconductor Equipment—5.9%

  

Cavium, Inc. (a) (b)

    64,318      3,947,196   

Inphi Corp. (a)

    145,318        3,493,445   

Intersil Corp. - Class A

    283,209        3,313,545   

MKS Instruments, Inc.

    108,714        3,645,180   

Monolithic Power Systems, Inc.

    80,201        4,106,291   

Silicon Laboratories, Inc. (a)

    81,929        3,403,331   
   

 

 

 
      21,908,988   
   

 

 

 

Software—8.8%

  

Blackbaud, Inc.

    9,056        508,223   

Callidus Software, Inc. (a)

    187,224        3,180,936   

Ellie Mae, Inc. (a) (b)

    43,397        2,888,938   

FleetMatics Group plc (a) (b)

    110,525        5,425,672   

Guidewire Software, Inc. (a) (b)

    126,191        6,635,123   

Imperva, Inc. (a) (b)

    57,717        3,779,309   

Proofpoint, Inc. (a) (b)

    73,421        4,428,755   

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

    32,052        5,737,628   
   

 

 

 
      32,584,584   
   

 

 

 

Specialty Retail—3.6%

  

Asbury Automotive Group, Inc. (a)

    61,315        4,975,712   

Monro Muffler Brake, Inc. (b)

    80,556        5,441,558   

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

    32,954        3,074,938   
   

 

 

 
      13,492,208   
   

 

 

 

Textiles, Apparel & Luxury Goods—3.3%

  

Columbia Sportswear Co.

    72,667        4,272,093   

Oxford Industries, Inc.

    53,259        3,934,775   

Steven Madden, Ltd. (a)

    111,267        4,074,597   
   

 

 

 
      12,281,465   
   

 

 

 

Thrifts & Mortgage Finance—1.2%

  

Essent Group, Ltd. (a)

    172,979        4,298,529   
   

 

 

 

Total Common Stocks
(Cost $304,367,405)

      358,020,616   
   

 

 

 
Short-Term Investments—27.4%   

Mutual Fund—23.2%

  

State Street Navigator Securities Lending MET Portfolio (c)

    85,872,572        85,872,572   
   

 

 

 

 

MSF-72


Table of Contents

Metropolitan Series Fund

Loomis Sayles Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Short-Term Investments—(Continued)

 

Security Description   Principal
Amount*
    Value  

Repurchase Agreement—4.2%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated
09/30/15 at 0.000% to be repurchased at $15,800,060 on 10/01/15, collateralized by $15,840,000 U.S. Treasury Note at 1.500% due 05/31/19 with a value of $16,117,200.

    15,800,060      $ 15,800,060   
   

 

 

 

Total Short-Term Investments
(Cost $101,672,632)

      101,672,632   
   

 

 

 

Total Investments—124.0%
(Cost $406,040,037) (d)

      459,693,248   

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

      (88,947,560
   

 

 

 
Net Assets—100.0%     $ 370,745,688   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $87,523,283 and the collateral received consisted of cash in the amount of $85,872,572 and non-cash collateral with a value of $2,135,680. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $406,040,037. The aggregate unrealized appreciation and depreciation of investments were $70,382,598 and $(16,729,387), respectively, resulting in net unrealized appreciation of $53,653,211.
(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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 358,020,616       $ —        $ —         $ 358,020,616   
Short-Term Investments           

Mutual Fund

     85,872,572         —          —           85,872,572   

Repurchase Agreement

     —           15,800,060        —           15,800,060   

Total Short-Term Investments

     85,872,572         15,800,060        —           101,672,632   

Total Investments

   $ 443,893,188       $ 15,800,060      $ —         $ 459,693,248   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (85,872,572   $ —         $ (85,872,572

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-73


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—94.1% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.5%

  

L-3 Communications Holdings, Inc.

    80,297      $ 8,392,643   

Rockwell Collins, Inc.

    264,255        21,626,629   
   

 

 

 
      30,019,272   
   

 

 

 

Auto Components—1.6%

  

Gentex Corp.

    1,190,865        18,458,407   
   

 

 

 

Automobiles—2.1%

  

Harley-Davidson, Inc. (a)

    451,174        24,769,453   
   

 

 

 

Banks—3.3%

  

Fifth Third Bancorp

    1,118,874        21,157,908   

M&T Bank Corp. (a)

    148,214        18,074,697   
   

 

 

 
      39,232,605   
   

 

 

 

Chemicals—3.8%

  

Celanese Corp. - Series A (a)

    421,849        24,960,805   

Mosaic Co. (The)

    643,959        20,033,565   
   

 

 

 
      44,994,370   
   

 

 

 

Commercial Services & Supplies—1.6%

  

Republic Services, Inc.

    463,453        19,094,264   
   

 

 

 

Construction & Engineering—5.7%

  

Fluor Corp. (a)

    455,801        19,303,172   

Jacobs Engineering Group, Inc. (a) (b)

    624,848        23,388,061   

Quanta Services, Inc. (a) (b)

    1,014,869        24,569,978   
   

 

 

 
      67,261,211   
   

 

 

 

Diversified Consumer Services—2.0%

  

H&R Block, Inc.

    667,451        24,161,726   
   

 

 

 

Diversified Financial Services—1.7%

  

Intercontinental Exchange, Inc.

    86,310        20,281,987   
   

 

 

 

Electric Utilities—2.9%

  

Edison International

    272,121        17,162,672   

OGE Energy Corp.

    632,170        17,296,171   
   

 

 

 
      34,458,843   
   

 

 

 

Electrical Equipment—1.0%

  

Hubbell, Inc. - Class B

    142,049        12,067,063   
   

 

 

 

Electronic Equipment, Instruments & Components—9.8%

  

Arrow Electronics, Inc. (b)

    613,828        33,932,412   

Avnet, Inc.

    894,099        38,160,145   

FLIR Systems, Inc.

    920,742        25,771,569   

Keysight Technologies, Inc. (b)

    615,531        18,982,976   
   

 

 

 
      116,847,102   
   

 

 

 

Energy Equipment & Services—1.1%

  

Helmerich & Payne, Inc. (a)

    142,125        6,716,827   

McDermott International, Inc. (a) (b)

    1,548,336        6,657,845   
   

 

 

 
      13,374,672   
   

 

 

 

Food & Staples Retailing—1.5%

  

Kroger Co. (The)

    497,592      17,948,143   
   

 

 

 

Insurance—17.4%

  

Alleghany Corp. (b)

    75,132        35,170,040   

Allied World Assurance Co. Holdings AG

    507,117        19,356,656   

Allstate Corp. (The)

    466,873        27,190,684   

Aon plc

    285,050        25,258,280   

Arch Capital Group, Ltd. (b)

    443,725        32,600,476   

Loews Corp.

    457,390        16,530,075   

Progressive Corp. (The)

    778,718        23,859,920   

Torchmark Corp. (a)

    469,771        26,495,084   
   

 

 

 
      206,461,215   
   

 

 

 

Internet & Catalog Retail—3.9%

  

Liberty Interactive Corp. - Class A (b)

    901,235        23,639,394   

Liberty Ventures - Series A (b)

    545,670        22,017,785   
   

 

 

 
      45,657,179   
   

 

 

 

Internet Software & Services—1.7%

  

IAC/InterActiveCorp

    304,181        19,853,894   
   

 

 

 

IT Services—1.6%

  

Teradata Corp. (a) (b)

    651,568        18,869,409   
   

 

 

 

Leisure Products—0.9%

  

Mattel, Inc. (a)

    483,092        10,173,917   
   

 

 

 

Machinery—2.3%

  

Joy Global, Inc. (a)

    763,812        11,403,713   

Kennametal, Inc.

    652,000        16,228,280   
   

 

 

 
      27,631,993   
   

 

 

 

Media—3.3%

  

Omnicom Group, Inc.

    358,852        23,648,347   

TEGNA, Inc.

    702,286        15,724,183   
   

 

 

 
      39,372,530   
   

 

 

 

Metals & Mining—3.7%

  

Goldcorp, Inc.

    1,641,408        20,550,428   

Kinross Gold Corp. (b)

    3,930,163        6,759,880   

Nucor Corp.

    453,640        17,034,182   
   

 

 

 
      44,344,490   
   

 

 

 

Multi-Utilities—2.2%

  

SCANA Corp. (a)

    466,301        26,234,094   
   

 

 

 

Multiline Retail—0.8%

  

Nordstrom, Inc.

    135,244        9,698,347   
   

 

 

 

Oil, Gas & Consumable Fuels—5.1%

  

Apache Corp.

    432,692        16,944,219   

Denbury Resources, Inc. (a)

    2,256,646        5,506,216   

Hess Corp.

    296,834        14,859,510   

 

MSF-74


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Oil, Gas & Consumable Fuels—(Continued)

  

SM Energy Co. (a)

    400,698      $ 12,838,364   

Southwestern Energy Co. (a) (b)

    827,746        10,504,097   
   

 

 

 
      60,652,406   
   

 

 

 

Professional Services—0.9%

  

ManpowerGroup, Inc.

    136,621        11,187,894   
   

 

 

 

Real Estate Investment Trusts—2.2%

  

American Capital Agency Corp.

    720,297        13,469,554   

Hatteras Financial Corp.

    799,514        12,112,637   
   

 

 

 
      25,582,191   
   

 

 

 

Road & Rail—0.6%

  

Ryder System, Inc.

    89,208        6,604,960   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.4%

  

Analog Devices, Inc.

    400,278        22,579,682   

KLA-Tencor Corp.

    114,529        5,726,450   
   

 

 

 
      28,306,132   
   

 

 

 

Software—1.5%

  

Synopsys, Inc. (b)

    372,987        17,224,540   
   

 

 

 

Specialty Retail—1.8%

  

Bed Bath & Beyond, Inc. (a) (b)

    379,127        21,617,822   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.2%

  

Coach, Inc. (a)

    495,829        14,344,333   
   

 

 

 

Total Common Stocks
(Cost $1,064,420,271)

      1,116,786,464   
   

 

 

 
Short-Term Investments—18.2%   

Mutual Fund—12.2%

   

State Street Navigator Securities Lending MET Portfolio (c)

    145,382,146        145,382,146   
   

 

 

 
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—6.0%

  

Fixed Income Clearing Corp.
Repurchase Agreement dated
09/30/15 at 0.000% to be repurchased at $70,661,170 on 10/01/15, collateralized by $70,835,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $72,074,613.

    70,661,170      70,661,170   
   

 

 

 

Total Short-Term Investments
(Cost $216,043,316)

      216,043,316   
   

 

 

 

Total Investments—112.3%
(Cost $1,280,463,587) (d)

      1,332,829,780   

Other assets and liabilities (net)—(12.3)%

      (145,621,158
   

 

 

 
Net Assets—100.0%     $ 1,187,208,622   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $187,924,575 and the collateral received consisted of cash in the amount of $145,382,146 and non-cash collateral with a value of $44,225,914. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $1,280,463,587. The aggregate unrealized appreciation and depreciation of investments were $243,220,384 and $(190,854,191), respectively, resulting in net unrealized appreciation of $52,366,193.

 

MSF-75


Table of Contents

Metropolitan Series Fund

Met/Artisan Mid Cap Value Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,116,786,464       $ —        $ —         $ 1,116,786,464   
Short-Term Investments           

Mutual Fund

     145,382,146         —          —           145,382,146   

Repurchase Agreement

     —           70,661,170        —           70,661,170   

Total Short-Term Investments

     145,382,146         70,661,170        —           216,043,316   

Total Investments

   $ 1,262,168,610       $ 70,661,170      $ —         $ 1,332,829,780   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (145,382,146   $ —         $ (145,382,146

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-76


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—99.2% of Net Assets

 

Security Description   Shares     Value  

Australia—5.6%

   

Acrux, Ltd. (a)

    41,605      $ 16,690   

Adelaide Brighton, Ltd.

    197,116        603,877   

AED Oil, Ltd. (b) (c) (d)

    93,946        0   

Ainsworth Game Technology, Ltd. (a)

    51,616        101,728   

Alcyone Resources, Ltd. (b) (c) (d)

    101,457        14   

Alkane Resources, Ltd. (b)

    120,355        19,899   

ALS, Ltd. (a)

    61,921        200,645   

Altium, Ltd.

    31,832        103,578   

Altona Mining, Ltd.

    67,875        4,051   

Alumina, Ltd. (a)

    325,192        257,696   

AMA Group, Ltd.

    111,029        73,661   

Amalgamated Holdings, Ltd.

    38,556        349,259   

Ansell, Ltd.

    39,937        530,036   

AP Eagers, Ltd.

    7,774        55,589   

APN News & Media, Ltd. (a) (b)

    374,048        129,811   

Aquarius Platinum, Ltd. (b)

    119,520        12,166   

ARB Corp., Ltd. (a)

    30,444        293,624   

Ardent Leisure Group (a)

    50,226        95,053   

Arrium, Ltd. (a) (b)

    972,288        59,601   

ASG Group, Ltd. (b)

    91,207        65,693   

Atlantic, Ltd. (b) (c) (d)

    22,059        508   

Atlas Iron, Ltd. (a) (b)

    250,116        4,966   

Ausdrill, Ltd.

    110,321        23,423   

Ausenco, Ltd. (b)

    72,770        14,883   

AusNet Services

    176,329        169,385   

Austal, Ltd.

    81,889        129,972   

Austbrokers Holdings, Ltd.

    25,969        161,193   

Australian Agricultural Co., Ltd. (a) (b)

    192,359        175,202   

Australian Pharmaceutical Industries, Ltd.

    174,311        185,781   

Auswide Bank, Ltd.

    9,275        33,851   

Automotive Holdings Group, Ltd.

    95,539        265,654   

AVJennings, Ltd.

    10,332        4,028   

AWE, Ltd. (a) (b)

    335,940        148,060   

Bandanna Energy, Ltd. (a) (b) (c) (d)

    179,193        1,981   

Bank of Queensland, Ltd.

    5,397        44,130   

BC Iron, Ltd. (a)

    50,999        8,114   

Beach Energy, Ltd.

    676,773        219,026   

Beadell Resources, Ltd.

    102,327        10,182   

Bega Cheese, Ltd. (a)

    58,513        194,878   

Billabong International, Ltd. (a) (b)

    280,601        128,507   

Blackmores, Ltd.

    5,495        565,807   

BlueScope Steel, Ltd.

    43,171        109,411   

Boart Longyear, Ltd. (b)

    232,690        9,993   

Boom Logistics, Ltd. (b)

    73,674        5,167   

Boral, Ltd.

    72,717        269,487   

Bradken, Ltd.

    48,239        34,139   

Breville Group, Ltd.

    46,157        191,717   

Brickworks, Ltd.

    5,923        64,725   

BT Investment Management, Ltd.

    19,968        135,173   

Buru Energy, Ltd. (a) (b)

    23,457        5,943   

Cabcharge Australia, Ltd. (a)

    55,813        117,792   

Capral, Ltd. (b)

    136,176        9,587   

Cardno, Ltd. (a)

    49,102        99,608   

Carnarvon Petroleum, Ltd. (b)

    251,902        17,805   

carsales.com, Ltd. (a)

    83,570        574,142   

Cash Converters International, Ltd. (a)

    152,939        57,006   

Cedar Woods Properties, Ltd.

    27,273        82,428   

Australia—(Continued)

   

Challenger, Ltd.

    87,228      438,533   

Coal of Africa, Ltd. (b)

    133,534        5,624   

Cochlear, Ltd.

    6,130        359,733   

Collection House, Ltd. (a)

    19,217        30,656   

Collins Foods, Ltd.

    4,975        11,359   

Cooper Energy, Ltd. (b)

    123,859        14,400   

Corporate Travel Management, Ltd. (a)

    20,836        141,579   

Coventry Group, Ltd.

    2,905        2,508   

Credit Corp. Group, Ltd.

    13,415        96,377   

CSG, Ltd.

    66,837        81,718   

CSR, Ltd.

    282,278        577,100   

Cudeco, Ltd. (a) (b) (d)

    51,210        41,314   

Cue Energy Resources, Ltd. (b)

    171,183        8,993   

Data #3, Ltd.

    55,471        45,661   

Decmil Group, Ltd.

    56,744        36,895   

Dick Smith Holdings, Ltd. (a)

    85,716        77,864   

Domino’s Pizza Enterprises, Ltd.

    23,859        675,665   

Downer EDI, Ltd.

    238,347        560,866   

Drillsearch Energy, Ltd. (a) (b)

    218,929        75,523   

DUET Group

    374,090        568,065   

DuluxGroup, Ltd.

    165,477        622,943   

DWS, Ltd.

    36,847        25,467   

Echo Entertainment Group, Ltd.

    210,220        715,838   

Emeco Holdings, Ltd. (a) (b)

    314,914        12,650   

Energy Resources of Australia, Ltd. (a) (b)

    51,910        11,667   

Energy World Corp., Ltd. (a) (b)

    325,379        45,555   

Equity Trustees, Ltd. (a)

    3,062        49,018   

ERM Power, Ltd.

    49,991        78,754   

eServGlobal, Ltd. (b)

    43,068        5,480   

Ethane Pipeline Income Fund

    3,869        4,554   

Euroz, Ltd.

    23,559        14,389   

Evolution Mining, Ltd.

    157,414        141,070   

Fairfax Media, Ltd.

    967,464        602,531   

Fantastic Holdings, Ltd.

    1,151        1,822   

FAR, Ltd. (b)

    328,595        18,004   

Finbar Group, Ltd.

    6,909        5,463   

Fleetwood Corp., Ltd. (a)

    22,683        24,737   

FlexiGroup, Ltd. (a)

    40,135        66,337   

Flight Centre Travel Group, Ltd. (a)

    14,871        377,718   

G8 Education, Ltd. (a)

    128,051        262,920   

Global Construction Services, Ltd. (b)

    9,380        3,257   

GrainCorp, Ltd. - Class A

    83,590        532,278   

Grange Resources, Ltd.

    120,000        8,468   

Greencross, Ltd. (a)

    21,334        98,442   

GUD Holdings, Ltd.

    39,734        241,112   

GWA Group, Ltd. (a)

    104,458        182,984   

Hansen Technologies, Ltd.

    47,406        103,572   

HFA Holdings, Ltd.

    45,623        86,958   

Hills, Ltd. (a)

    80,453        21,813   

Horizon Oil, Ltd. (b)

    652,736        43,350   

Icon Energy, Ltd. (b)

    157,110        4,026   

IDM International, Ltd. (b) (c) (d)

    49,237        0   

Iluka Resources, Ltd.

    160,998        704,269   

Imdex, Ltd. (b)

    77,362        10,060   

IMF Bentham, Ltd. (a)

    49,173        46,086   

Independence Group NL (a)

    99,103        176,673   

Infigen Energy, Ltd. (b)

    282,132        53,483   

 

MSF-77


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

   

Infomedia, Ltd. (a)

    131,353      $ 75,784   

Integrated Research, Ltd.

    28,972        55,680   

International Ferro Metals, Ltd. (b) (c) (d)

    82,765        1,127   

Intrepid Mines, Ltd. (b)

    32,795        3,002   

Invocare, Ltd. (a)

    38,500        294,069   

IOOF Holdings, Ltd. (a)

    103,265        624,747   

Iress, Ltd. (a)

    57,325        385,961   

iSelect, Ltd. (b)

    46,213        48,884   

JB Hi-Fi, Ltd. (a)

    51,555        693,053   

Jupiter Mines, Ltd. (b) (c) (d)

    63,164        3,325   

K&S Corp., Ltd.

    1,802        1,669   

Karoon Gas Australia, Ltd. (a) (b)

    75,600        88,120   

Kingsgate Consolidated, Ltd. (b)

    121,238        61,425   

Kingsrose Mining, Ltd. (b)

    83,494        12,575   

Linc Energy, Ltd. (b)

    102,400        7,421   

M2 Group, Ltd.

    63,383        423,372   

MACA, Ltd.

    56,351        34,931   

Macmahon Holdings, Ltd. (b)

    380,170        17,422   

Macquarie Atlas Roads Group

    181,433        499,350   

Macquarie Telecom Group, Ltd.

    3,983        22,409   

Magellan Financial Group, Ltd.

    27,343        366,317   

Maverick Drilling & Exploration, Ltd. (b)

    41,036        2,338   

MaxiTRANS Industries, Ltd.

    59,013        18,080   

Mayne Pharma Group, Ltd. (a) (b)

    286,220        206,829   

McMillan Shakespeare, Ltd.

    29,453        255,054   

McPherson’s, Ltd.

    34,460        15,996   

Medusa Mining, Ltd. (b)

    60,972        16,387   

Melbourne IT, Ltd.

    36,135        45,643   

Metals X, Ltd.

    75,358        63,544   

Metcash, Ltd. (a)

    369,266        274,063   

Mincor Resources NL

    105,687        18,212   

Mineral Deposits, Ltd. (a) (b)

    45,217        14,614   

Mineral Resources, Ltd. (a)

    41,091        119,264   

MMA Offshore, Ltd. (a)

    100,235        36,410   

Monadelphous Group, Ltd. (a)

    40,177        173,851   

Morning Star Gold NL (b) (c) (d)

    33,455        484   

Mortgage Choice, Ltd.

    48,689        64,599   

Mount Gibson Iron, Ltd. (a) (b)

    439,215        53,941   

Myer Holdings, Ltd. (a)

    355,143        219,969   

MyState, Ltd.

    3,899        12,325   

Navitas, Ltd. (a)

    96,272        269,029   

nearmap, Ltd. (b)

    85,792        26,526   

New Hope Corp., Ltd.

    6,285        7,800   

Newsat, Ltd. (a) (b) (c) (d)

    113,333        6,861   

nib holdings, Ltd. (a)

    213,507        490,677   

Nick Scali, Ltd.

    16,348        41,816   

Nine Entertainment Co. Holdings, Ltd. (a)

    18,490        20,539   

Noble Mineral Resources, Ltd. (b) (c) (d)

    83,737        0   

Northern Star Resources, Ltd. (a)

    220,636        418,335   

NRW Holdings, Ltd. (a)

    94,219        6,290   

Nufarm, Ltd.

    79,335        454,506   

Orocobre, Ltd. (b)

    49,318        57,874   

Orora, Ltd.

    128,598        210,460   

OrotonGroup, Ltd.

    8,647        14,607   

Otto Energy, Ltd.

    308,140        6,269   

OZ Minerals, Ltd.

    149,299        350,729   

OzForex Group, Ltd. (a)

    99,303        187,310   

Australia—(Continued)

   

Pacific Brands, Ltd. (b)

    472,799      236,552   

Pact Group Holdings, Ltd.

    4,623        15,517   

Paladin Energy, Ltd. (a) (b)

    612,137        73,528   

Panoramic Resources, Ltd.

    146,618        29,531   

Patties Foods, Ltd.

    16,945        13,664   

Peet, Ltd.

    88,199        66,590   

Peninsula Energy, Ltd. (b)

    11,352        7,961   

Perpetual, Ltd. (a)

    19,830        554,017   

Perseus Mining, Ltd. (a) (b)

    185,112        40,599   

Platinum Asset Management, Ltd. (a)

    21,691        103,920   

Platinum Australia, Ltd. (b) (c) (d)

    116,796        90   

Pluton Resources, Ltd. (b) (c) (d)

    48,332        88   

PMP, Ltd.

    158,703        59,109   

Premier Investments, Ltd.

    44,992        407,449   

Primary Health Care, Ltd. (a)

    244,279        651,433   

Prime Media Group, Ltd.

    93,371        34,321   

Programmed Maintenance Services, Ltd. (a)

    50,859        94,981   

Qube Holdings, Ltd. (a)

    229,607        321,038   

RCG Corp., Ltd.

    90,942        82,117   

RCR Tomlinson, Ltd.

    61,564        93,103   

Reckon, Ltd. (a)

    36,898        51,383   

Redflex Holdings, Ltd. (b)

    19,984        3,366   

Regis Resources, Ltd. (a)

    180,703        229,051   

Reject Shop, Ltd. (The)

    12,421        75,273   

Resolute Mining, Ltd. (b)

    248,330        54,549   

Resource Generation, Ltd. (b)

    58,515        3,600   

Retail Food Group, Ltd. (a)

    58,434        171,017   

Ridley Corp., Ltd.

    123,003        111,943   

RungePincockMinarco, Ltd. (b)

    4,190        1,618   

Ruralco Holdings, Ltd.

    7,095        17,930   

SAI Global, Ltd.

    62,244        199,504   

Salmat, Ltd.

    45,807        20,185   

Samson Oil & Gas, Ltd. (b)

    581,639        1,636   

Sandfire Resources NL

    40,717        154,595   

Saracen Mineral Holdings, Ltd. (b)

    390,479        139,131   

Sedgman, Ltd.

    48,829        29,093   

Select Harvests, Ltd. (a)

    30,640        240,314   

Senex Energy, Ltd. (b)

    248,220        26,534   

Servcorp, Ltd.

    26,561        129,609   

Service Stream, Ltd.

    67,295        15,594   

Seven Group Holdings, Ltd. (a)

    15,634        48,179   

Seven West Media, Ltd. (a)

    460,617        240,596   

Sigma Pharmaceuticals, Ltd.

    621,692        325,738   

Silex Systems, Ltd. (a) (b)

    28,112        8,409   

Silver Chef, Ltd.

    7,252        48,585   

Silver Lake Resources, Ltd. (a) (b)

    112,092        12,176   

Sims Metal Management, Ltd. (a)

    86,197        585,515   

Sirtex Medical, Ltd.

    22,520        521,755   

SKILLED Group, Ltd.

    81,174        97,542   

Slater & Gordon, Ltd. (a)

    116,238        242,544   

SMS Management & Technology, Ltd.

    35,576        130,488   

Southern Cross Media Group, Ltd. (a)

    229,061        143,658   

Spark Infrastructure Group

    647,515        851,407   

Specialty Fashion Group, Ltd.

    34,701        13,253   

St. Barbara, Ltd. (b)

    192,892        144,071   

Steadfast Group, Ltd.

    71,948        72,166   

Strike Energy, Ltd. (b)

    182,555        13,502   

 

MSF-78


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Australia—(Continued)

   

STW Communications Group, Ltd. (a)

    131,382      $ 65,158   

Sundance Energy Australia, Ltd. (b)

    177,630        36,013   

Sundance Resources, Ltd. (a) (b)

    819,104        9,951   

Sunland Group, Ltd.

    40,150        44,039   

Super Retail Group, Ltd. (a)

    69,714        437,223   

Tabcorp Holdings, Ltd.

    222,389        731,281   

Tap Oil, Ltd. (b)

    83,681        11,818   

Tassal Group, Ltd.

    72,156        218,093   

Technology One, Ltd. (a)

    85,252        230,689   

Ten Network Holdings, Ltd. (a) (b)

    919,245        116,812   

TFS Corp., Ltd. (a)

    95,643        102,610   

Thorn Group, Ltd.

    58,154        81,646   

Tiger Resources, Ltd. (b)

    409,321        16,519   

Toro Energy, Ltd. (b)

    75,052        2,744   

Tox Free Solutions, Ltd.

    67,596        122,511   

Transfield Services, Ltd. (b)

    195,706        146,525   

Transpacific Industries Group, Ltd. (a)

    693,108        331,694   

Treasury Group, Ltd.

    1,159        5,633   

Treasury Wine Estates, Ltd.

    67,868        313,705   

Troy Resources, Ltd. (a) (b)

    68,908        15,840   

UGL, Ltd. (a)

    29,320        38,973   

UXC, Ltd.

    122,634        108,469   

Veda Group, Ltd. (a)

    158,490        297,898   

Villa World, Ltd.

    14,787        21,730   

Village Roadshow, Ltd.

    32,709        160,791   

Virgin Australia Holdings, Ltd. (b)

    442,369        150,523   

Virgin Australia International Holding, Ltd. (b) (c) (d)

    968,773        1   

Virtus Health, Ltd.

    37,091        142,039   

Vision Eye Institute, Ltd.

    37,056        27,585   

Vita Group, Ltd.

    18,112        23,660   

Vocus Communications, Ltd. (a)

    88,565        366,196   

Watpac, Ltd. (a)

    37,999        23,761   

Webjet, Ltd. (a)

    22,295        66,060   

Western Areas, Ltd.

    104,247        158,728   

Whitehaven Coal, Ltd. (a) (b)

    92,475        58,689   

WorleyParsons, Ltd.

    12,225        50,927   
   

 

 

 
      37,200,031   
   

 

 

 

Austria—1.0%

   

A-TEC Industries AG (a) (b) (c) (d)

    1,312        440   

Agrana Beteiligungs AG (a)

    1,574        134,125   

ams AG (a)

    29,130        1,087,551   

Austria Technologie & Systemtechnik AG

    14,133        208,529   

CA Immobilien Anlagen AG (b)

    16,824        310,258   

Conwert Immobilien Invest SE (a) (b)

    20,619        278,817   

DO & Co. AG

    1,857        150,434   

EVN AG

    12,657        139,363   

Flughafen Wien AG

    1,220        110,026   

Kapsch TrafficCom AG

    2,222        72,722   

Lenzing AG

    3,209        241,026   

Mayr Melnhof Karton AG

    3,412        393,834   

Oberbank AG

    182        10,442   

Oesterreichische Post AG

    10,867        373,361   

Palfinger AG

    5,947        159,813   

POLYTEC Holding AG

    10,783        82,040   

Austria—(Continued)

   

Porr AG

    1,436      36,940   

Raiffeisen Bank International AG (b)

    1,745        22,863   

RHI AG

    8,926        180,836   

Rosenbauer International AG

    1,972        159,378   

S IMMO AG (b)

    35,979        305,806   

Schoeller-Bleckmann Oilfield Equipment AG (a)

    3,509        198,135   

Semperit AG Holding

    6,630        201,211   

Strabag SE

    6,827        153,636   

Telekom Austria AG

    4,556        25,683   

UBM Development AG

    78        2,994   

UNIQA Insurance Group AG

    14,804        128,213   

Wienerberger AG

    39,101        688,204   

Zumtobel Group AG

    19,568        430,926   
   

 

 

 
      6,287,606   
   

 

 

 

Belgium—1.7%

   

Ablynx NV (a) (b)

    15,614        201,220   

Ackermans & van Haaren NV

    8,887        1,301,538   

AGFA-Gevaert NV (b)

    125,762        452,277   

Atenor Group

    1,089        50,661   

Banque Nationale de Belgique

    104        371,085   

Barco NV

    5,609        362,217   

Bekaert S.A. (a)

    11,685        307,761   

BHF Kleinwort Benson Group S.A. (b)

    24,115        143,915   

bpost S.A.

    4,747        112,711   

Cie d’Entreprises CFE

    5,563        705,149   

Cie Immobiliere de Belgique S.A.

    1,276        62,735   

Cie Maritime Belge S.A. (a) (b)

    6,424        110,018   

D’ieteren S.A.

    8,787        338,951   

Deceuninck NV

    49,164        132,451   

Econocom Group S.A. (a)

    27,496        238,546   

Elia System Operator S.A.

    12,209        594,332   

Euronav NV (a)

    30,049        420,182   

EVS Broadcast Equipment S.A. (a)

    4,761        123,112   

Exmar NV (a)

    10,339        95,983   

Fagron (a)

    13,446        255,949   

Galapagos NV (b)

    16,401        669,741   

GIMV NV

    250        11,398   

Hamon & CIE S.A. (b)

    300        2,380   

Ion Beam Applications

    11,487        371,177   

Jensen-Group NV

    738        16,422   

Kinepolis Group NV

    11,014        427,550   

Lotus Bakeries NV

    118        227,084   

MDxHealth (b)

    5,915        25,653   

Melexis NV

    13,858        641,225   

Mobistar S.A. (b)

    13,209        284,189   

Nyrstar NV (a) (b)

    94,248        212,178   

Picanol

    1,699        87,416   

RealDolmen NV (b)

    1,200        22,389   

Recticel S.A.

    24,409        135,160   

Rentabiliweb Group (b)

    1,352        10,202   

Resilux NV

    229        42,527   

Roularta Media Group NV (b)

    1,629        30,747   

Sioen Industries NV

    4,097        74,558   

Sipef S.A.

    3,346        159,579   

Tessenderlo Chemie NV (b)

    19,032        558,175   

 

MSF-79


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Belgium—(Continued)

   

ThromboGenics NV (b)

    9,279      $ 38,787   

Umicore S.A. (a)

    16,212        624,724   

Van de Velde NV

    3,377        218,420   

Viohalco S.A. (b)

    45,397        109,235   
   

 

 

 
      11,381,709   
   

 

 

 

Cambodia—0.1%

   

NagaCorp., Ltd. (a)

    458,000        275,593   
   

 

 

 

Canada—7.0%

   

5N Plus, Inc. (a) (b)

    33,732        30,332   

Absolute Software Corp. (a)

    18,754        111,864   

Acadian Timber Corp.

    3,800        57,149   

Advantage Oil & Gas, Ltd. (b)

    117,131        611,767   

Aecon Group, Inc.

    33,422        340,356   

AG Growth International, Inc. (a)

    5,820        156,436   

AGF Management, Ltd. - Class B

    32,280        127,959   

AGT Food & Ingredients, Inc. (a)

    7,901        153,461   

Aimia, Inc. (a)

    24,571        215,054   

AirBoss of America Corp.

    3,761        57,211   

AKITA Drilling, Ltd. - Class A

    2,003        12,908   

Alacer Gold Corp. (b)

    102,778        231,818   

Alamos Gold, Inc. - Class A

    95,845        354,795   

Alaris Royalty Corp. (a)

    8,954        180,892   

Algoma Central Corp.

    4,410        50,693   

Algonquin Power & Utilities Corp. (a)

    77,093        545,341   

Alterra Power Corp. (b)

    150,766        47,450   

Altius Minerals Corp. (a)

    9,660        86,792   

Altus Group, Ltd. (a)

    14,488        222,341   

Americas Silver Corp. (b)

    88,421        10,270   

Amerigo Resources, Ltd. (b)

    44,359        9,473   

Amica Mature Lifestyles, Inc.

    7,591        104,550   

Andrew Peller, Ltd. - Class A

    1,139        15,517   

Argonaut Gold, Inc. (a) (b)

    52,825        53,834   

Asanko Gold, Inc. (b)

    23,027        33,648   

Athabasca Oil Corp. (a) (b)

    66,624        63,404   

ATS Automation Tooling Systems, Inc. (b)

    36,533        353,422   

AuRico Metals, Inc. (b)

    42,144        20,843   

AutoCanada, Inc. (a)

    8,428        163,318   

Avigilon Corp. (a) (b)

    14,381        122,850   

Axia NetMedia Corp. (a)

    22,633        49,353   

B2Gold Corp. (a) (b)

    313,368        331,097   

Badger Daylighting, Ltd. (a)

    15,562        227,395   

Ballard Power Systems, Inc. (a) (b)

    5,735        6,962   

Bankers Petroleum, Ltd. (b)

    141,893        185,008   

Bellatrix Exploration, Ltd. (a) (b)

    60,265        92,125   

Birchcliff Energy, Ltd. (b)

    58,552        279,926   

Bird Construction, Inc. (a)

    18,612        167,362   

Black Diamond Group, Ltd. (a)

    19,812        123,519   

BlackPearl Resources, Inc. (a) (b)

    117,817        83,871   

BMTC Group, Inc.

    5,387        60,954   

BNK Petroleum, Inc. (a) (b)

    29,567        8,419   

Bonavista Energy Corp. (a)

    15,300        35,197   

Bonterra Energy Corp. (a)

    12,499        182,732   

Boralex, Inc. - Class A (a)

    11,154        106,567   

Boulder Energy, Ltd. (b)

    15,381        57,283   

Canada—(Continued)

   

Brookfield Real Estate Services, Inc.

    800      8,063   

BRP, Inc. (b)

    10,168        192,922   

Calfrac Well Services, Ltd. (a)

    22,893        53,351   

Calian Technologies, Ltd.

    2,846        34,762   

Canaccord Genuity Group, Inc.

    54,653        214,189   

Canacol Energy, Ltd. (a) (b)

    32,061        62,705   

Canadian Energy Services & Technology Corp. (a)

    70,437        325,662   

Canadian Western Bank (a)

    32,028        563,760   

Canam Group, Inc.

    22,324        215,294   

Canexus Corp. (a)

    56,579        49,181   

Canfor Corp. (b)

    12,241        145,938   

Canfor Pulp Products, Inc.

    15,297        140,189   

CanWel Building Materials Group, Ltd. (a)

    9,304        37,579   

Canyon Services Group, Inc. (a)

    27,085        93,362   

Capital Power Corp. (a)

    43,408        614,120   

Capstone Infrastructure Corp. (a)

    47,117        109,098   

Capstone Mining Corp. (b)

    95,339        31,434   

Cascades, Inc.

    46,236        298,308   

Cathedral Energy Services, Ltd.

    13,349        11,804   

Celestica, Inc. (b)

    36,485        469,698   

Celestica, Inc. (U.S. Listed Shares) (a) (b)

    223        2,874   

Centerra Gold, Inc.

    51,685        292,023   

Cequence Energy, Ltd. (a) (b)

    86,636        26,942   

Cervus Equipment Corp.

    2,998        30,620   

China Gold International Resources Corp., Ltd. (a) (b)

    54,113        77,044   

Chinook Energy, Inc. (b)

    27,917        12,761   

Cineplex, Inc. (a)

    23,236        825,840   

Clairvest Group, Inc.

    200        4,429   

Clarke, Inc. (a)

    1,614        12,300   

Clearwater Seafoods, Inc.

    7,044        53,734   

Cogeco Cable, Inc.

    3,817        184,486   

Cogeco, Inc.

    3,209        128,288   

Colliers International Group, Inc.

    12,580        510,930   

COM DEV International, Ltd.

    38,475        126,280   

Computer Modelling Group, Ltd.

    26,520        225,157   

Copper Mountain Mining Corp. (a) (b)

    57,011        17,088   

Corby Spirit and Wine, Ltd.

    8,057        114,470   

Corridor Resources, Inc. (b)

    21,385        6,891   

Corus Entertainment, Inc. - B Shares (a)

    31,990        338,238   

Cott Corp.

    2,000        21,660   

Cott Corp. (Toronto Exchange)

    38,179        412,545   

Crew Energy, Inc. (b)

    69,029        211,044   

Delphi Energy Corp. (b)

    95,850        49,559   

Denison Mines Corp. (a) (b)

    247,548        92,749   

Descartes Systems Group, Inc. (The) (b)

    32,686        579,016   

Descartes Systems Group, Inc. (The) (a) (b)

    1,850        32,727   

Detour Gold Corp. (a) (b)

    56,767        605,316   

DirectCash Payments, Inc. (a)

    4,974        45,845   

Dominion Diamond Corp.

    23,880        255,173   

Dominion Diamond Corp. (U.S. Listed Shares)

    9,238        98,662   

Dorel Industries, Inc. - Class B

    12,134        286,142   

Dundee Precious Metals, Inc. (a) (b)

    40,545        66,233   

E-L Financial Corp., Ltd.

    177        90,853   

Eastern Platinum, Ltd. (a) (b)

    42,003        31,789   

Echelon Financial Holdings, Inc.

    900        9,381   

 

MSF-80


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

EcoSynthetix, Inc. (b)

    800      $ 791   

Enbridge Income Fund Holdings, Inc. (a)

    18,118        425,220   

Endeavour Mining Corp. (b)

    162,154        66,830   

Endeavour Silver Corp. (a) (b)

    37,334        57,631   

EnerCare, Inc. (a)

    25,125        265,088   

Enerflex, Ltd.

    29,289        289,488   

Energy Fuels, Inc. (a) (b)

    4,125        12,055   

Enghouse Systems, Ltd.

    7,089        284,144   

Ensign Energy Services, Inc.

    51,526        316,994   

Epsilon Energy, Ltd. (b)

    18,214        38,898   

Equitable Group, Inc. (a)

    3,909        164,767   

Equity Financial Holdings, Inc. (b)

    1,100        6,471   

Essential Energy Services Trust (b)

    53,526        27,274   

Evertz Technologies, Ltd. (a)

    9,149        96,186   

Exchange Income Corp. (a)

    6,151        112,004   

Exco Technologies, Ltd. (a)

    13,332        145,258   

Exeter Resource Corp. (b)

    11,335        3,567   

EXFO, Inc. (b)

    85        255   

Extendicare, Inc. (a)

    41,356        248,229   

Fiera Capital Corp.

    8,019        71,627   

Firm Capital Mortgage Investment Corp. (a)

    2,307        21,402   

First Majestic Silver Corp. (a) (b)

    51,360        164,337   

First National Financial Corp. (a)

    4,107        67,491   

FirstService Corp.

    12,580        406,576   

Fortress Paper, Ltd. - Class A (a) (b)

    7,338        26,064   

Fortuna Silver Mines, Inc. (a) (b)

    60,121        132,000   

Gamehost, Inc. (a)

    4,952        35,994   

Genesis Land Development Corp. (b)

    14,348        32,255   

Genworth MI Canada, Inc. (a)

    10,076        217,074   

Gibson Energy, Inc. (a)

    40,344        505,774   

Glacier Media, Inc. (a)

    9,600        5,323   

Gluskin Sheff & Associates, Inc. (a)

    12,033        179,616   

GMP Capital, Inc.

    28,336        87,906   

Goeasy, Ltd. (a)

    2,000        23,290   

Golden Star Resources, Ltd. (a) (b)

    73,133        14,522   

Gran Tierra Energy, Inc. (b)

    99,813        213,912   

Granite Oil Corp.

    10,252        55,236   

Great Canadian Gaming Corp. (b)

    23,794        332,528   

Great Panther Silver, Ltd. (a) (b)

    67,206        26,691   

Guyana Goldfields, Inc. (b)

    41,155        110,405   

Hanfeng Evergreen, Inc. (b) (c) (d)

    12,100        1,173   

Heroux-Devtek, Inc. (b)

    14,606        129,478   

High Liner Foods, Inc.

    7,007        81,858   

HNZ Group, Inc.

    3,031        37,430   

Home Capital Group, Inc. (a)

    20,814        499,567   

Horizon North Logistics, Inc.

    30,612        54,595   

HudBay Minerals, Inc.

    103,103        380,890   

IAMGOLD Corp. (a) (b)

    152,782        249,580   

IMAX Corp. (a) (b)

    21,475        725,640   

Imperial Metals Corp. (b)

    15,126        70,048   

Indigo Books & Music, Inc. (b)

    1,986        16,147   

Innergex Renewable Energy, Inc. (a)

    38,391        300,626   

Interfor Corp. (b)

    33,292        235,002   

International Tower Hill Mines, Ltd. (b)

    21,604        6,961   

Intertape Polymer Group, Inc. (a)

    20,313        217,210   

Ithaca Energy, Inc. (a) (b)

    94,516        43,912   

Just Energy Group, Inc. (a)

    71,937        443,104   

Canada—(Continued)

   

K-Bro Linen, Inc.

    2,919      103,898   

Katanga Mining, Ltd. (b)

    26,500        3,376   

Kelt Exploration, Ltd. (a) (b)

    21,351        91,356   

Killam Properties, Inc. (a)

    24,086        179,585   

Kingsway Financial Services, Inc. (b)

    8,765        40,393   

Kinross Gold Corp. (b)

    62,046        107,866   

Kirkland Lake Gold, Inc. (a) (b)

    34,082        141,742   

Knight Therapeutics, Inc. (b)

    4,998        26,441   

Lake Shore Gold Corp. (a) (b)

    187,975        157,761   

Laurentian Bank of Canada

    13,206        498,058   

Leon’s Furniture, Ltd.

    9,639        98,593   

Lightstream Resources, Ltd. (a)

    108,373        28,423   

Liquor Stores N.A., Ltd. (a)

    12,660        103,879   

Long Run Exploration, Ltd. (a)

    45,123        10,144   

Lucara Diamond Corp. (a)

    110,136        123,795   

Lundin Mining Corp. (b)

    7,972        22,521   

MacDonald Dettwiler & Associates, Ltd.

    4,475        243,384   

Magellan Aerospace Corp. (a)

    5,794        68,686   

Mainstreet Equity Corp. (a) (b)

    2,561        60,182   

Major Drilling Group International, Inc. (a)

    36,670        122,279   

Mandalay Resources Corp.

    87,627        45,964   

Manitoba Telecom Services, Inc. (a)

    9,487        199,764   

Maple Leaf Foods, Inc.

    48,931        807,756   

Martinrea International, Inc.

    32,289        255,505   

Maxim Power Corp. (b)

    2,800        5,308   

McCoy Global, Inc.

    4,388        9,174   

Mediagrif Interactive Technologies, Inc. (a)

    4,176        52,102   

Medical Facilities Corp. (a)

    12,861        151,402   

Melcor Developments, Ltd.

    3,120        35,303   

Mitel Networks Corp. (b)

    23,670        152,538   

Mood Media Corp. (b)

    28,391        6,702   

Morneau Shepell, Inc. (a)

    19,585        225,128   

MTY Food Group, Inc. (a)

    6,004        143,205   

Mullen Group, Ltd. (a)

    37,792        505,498   

Nautilus Minerals, Inc. (b)

    52,914        11,300   

Nevada Copper Corp. (a) (b)

    10,550        7,194   

Nevsun Resources, Ltd. (a)

    81,011        237,357   

New Flyer Industries, Inc. (a)

    17,136        256,815   

New Gold, Inc. (b)

    48,813        110,099   

Newalta Corp.

    23,919        164,718   

Norbord, Inc. (a)

    7,018        100,655   

North American Energy Partners, Inc.

    14,743        31,928   

North West Co., Inc. (The) (a)

    17,071        360,224   

Northern Dynasty Minerals, Ltd. (a) (b)

    27,464        8,232   

Northland Power, Inc. (a)

    33,879        441,481   

NuVista Energy, Ltd. (b)

    59,117        223,710   

OceanaGold Corp. (a)

    150,911        220,514   

Ovivo, Inc. - Class A (b)

    12,735        13,169   

Pacific Exploration and Production Corp. (a)

    69,663        155,561   

Painted Pony Petroleum, Ltd. (b)

    38,738        158,493   

Pan American Silver Corp. (a)

    55,071        349,945   

Parex Resources, Inc. (b)

    55,359        383,717   

Parkland Fuel Corp. (a)

    28,463        487,572   

Pason Systems, Inc.

    29,316        412,116   

Pengrowth Energy Corp. (a)

    110,395        94,305   

Perpetual Energy, Inc. (a) (b)

    50,316        29,409   

Phoscan Chemical Corp. (b)

    28,500        5,980   

 

MSF-81


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Canada—(Continued)

   

PHX Energy Services Corp.

    12,350      $ 26,375   

Pilot Gold, Inc. (a) (b)

    11,266        2,955   

Pizza Pizza Royalty Corp. (a)

    5,398        54,769   

Platinum Group Metals, Ltd. (b)

    32,084        7,213   

Points International, Ltd. (a) (b)

    5,320        57,406   

Polymet Mining Corp. (a) (b)

    38,355        25,867   

Precision Drilling Corp. (a)

    73,198        270,961   

Premium Brands Holdings Corp.

    7,879        184,975   

Primero Mining Corp. (b)

    70,253        164,248   

Pulse Seismic, Inc. (a)

    22,620        39,494   

QLT, Inc. (b)

    25,500        67,834   

Questerre Energy Corp. - Class A (a) (b)

    83,569        11,898   

RB Energy, Inc. (b) (d)

    76,741        23   

Reitmans Canada, Ltd.

    4,000        12,499   

Reitmans Canada, Ltd. - Class A

    20,566        65,034   

Richelieu Hardware, Ltd.

    6,130        305,834   

Richmont Mines, Inc. (b)

    20,415        57,061   

RMP Energy, Inc. (b)

    72,808        69,289   

Rock Energy, Inc. (a) (b)

    14,187        14,245   

Rocky Mountain Dealerships, Inc. (a)

    3,738        18,011   

Rogers Sugar, Inc. (a)

    35,106        107,067   

RONA, Inc.

    58,689        598,544   

Rubicon Minerals Corp. (a) (b)

    49,480        35,594   

Russel Metals, Inc. (a)

    25,722        416,525   

Sabina Gold & Silver Corp. (a) (b)

    45,006        12,816   

Sandstorm Gold, Ltd. (b)

    48,383        128,707   

Sandvine Corp. (a) (b)

    90,000        156,463   

Savanna Energy Services Corp.

    34,913        36,627   

Sears Canada, Inc. (a) (b)

    5,768        37,603   

Secure Energy Services, Inc. (a)

    55,376        372,631   

SEMAFO, Inc. (a) (b)

    123,983        268,498   

Serinus Energy, Inc. (b)

    1,398        639   

ShawCor, Ltd.

    22,391        469,464   

Sherritt International Corp. (a)

    132,332        74,372   

Sienna Senior Living, Inc. (a)

    13,276        167,430   

Sierra Wireless, Inc. (a) (b)

    18,510        392,254   

Sierra Wireless, Inc. (U.S. Listed Shares) (b)

    1,403        29,687   

Silver Standard Resources, Inc. (a) (b)

    37,551        244,806   

Solium Capital, Inc. (b)

    11,317        59,278   

Sprott Resource Corp. (a) (b)

    40,405        18,469   

Sprott, Inc. (a)

    56,027        99,501   

Spyglass Resources Corp.

    38,341        3,017   

St Andrew Goldfields, Ltd. (b)

    87,850        19,420   

Stantec, Inc. (a)

    23,681        517,806   

Stella-Jones, Inc.

    13,690        441,424   

Stornoway Diamond Corp. (b)

    33,687        17,923   

Strad Energy Services, Ltd.

    10,641        17,861   

Street Capital Group, Inc. (b)

    5,900        7,295   

Stuart Olson, Inc.

    11,157        46,484   

Student Transportation, Inc. (a)

    27,425        111,180   

SunOpta, Inc. (a) (b)

    26,392        128,549   

Superior Plus Corp. (a)

    48,949        403,109   

Surge Energy, Inc. (a)

    64,375        130,245   

TAG Oil, Ltd. (a) (b)

    22,471        14,144   

Tahoe Resources, Inc.

    53,862        416,124   

Taseko Mines, Ltd. (b)

    108,786        43,205   

Tembec, Inc. (b)

    32,111        25,747   

Canada—(Continued)

   

Teranga Gold Corp. (b)

    108,211      43,787   

Teranga Gold Corp. (b)

    26,882        11,491   

Thompson Creek Metals Co., Inc. (a) (b)

    107,292        49,847   

Timminco, Ltd. (b)

    16,700        22   

Timmins Gold Corp. (b)

    59,665        14,978   

TMX Group, Ltd.

    2,627        92,245   

TORC Oil & Gas, Ltd. (a)

    40,624        170,776   

Toromont Industries, Ltd. (a)

    29,983        729,523   

Torstar Corp. - Class B (a)

    21,453        68,161   

Total Energy Services, Inc.

    13,248        145,038   

TransAlta Corp. (a)

    39,239        182,302   

TransAlta Renewables, Inc. (a)

    10,414        80,222   

Transcontinental, Inc. - Class A

    26,130        372,027   

TransForce, Inc. (a)

    25,364        454,062   

TransGlobe Energy Corp.

    36,372        95,120   

Transition Therapeutics, Inc. (b)

    800        1,379   

Trican Well Service, Ltd. (b)

    55,663        28,363   

Trinidad Drilling, Ltd. (a)

    68,873        114,057   

Twin Butte Energy, Ltd. (a)

    80,345        18,664   

Uex Corp. (b)

    89,800        7,402   

Uni-Select, Inc. (a)

    8,978        406,348   

Valener, Inc. (a)

    16,303        203,406   

Vecima Networks, Inc.

    2,500        19,858   

Wajax Corp. (a)

    7,885        130,521   

Wesdome Gold Mines, Ltd. (b)

    38,107        27,699   

Western Energy Services Corp. (a)

    17,973        69,225   

Western Forest Products, Inc. (a)

    145,247        195,912   

Westshore Terminals Investment Corp. (a)

    23,388        445,152   

Whistler Blackcomb Holdings, Inc.

    12,342        198,841   

Wi-Lan, Inc.

    58,061        105,289   

Winpak, Ltd. (a)

    9,102        274,867   

Xtreme Drilling & Coil Services Corp. (a) (b)

    11,600        14,429   

Yangarra Resources, Ltd. (a) (b)

    5,900        3,272   

Yellow Pages, Ltd. (b)

    6,041        72,157   

Zargon Oil & Gas, Ltd. (a)

    11,121        12,334   

ZCL Composites, Inc.

    9,681        40,625   

Zenith Epigenetics Corp. (b) (c) (d)

    12,830        779   
   

 

 

 
      46,397,304   
   

 

 

 

China—0.0%

   

China Chuanglian Education Group, Ltd. (b)

    336,000        10,754   

Li Heng Chemical Fibre Technologies, Ltd. (b) (d)

    61,800        17,371   
   

 

 

 
      28,125   
   

 

 

 

Denmark—1.9%

   

ALK-Abello A/S

    1,476        169,142   

Alm Brand A/S (a)

    41,706        240,414   

Ambu A/S - Class B (a)

    10,644        288,349   

Bakkafrost P/F

    8,908        285,001   

Bang & Olufsen A/S (a) (b)

    9,221        64,191   

Bavarian Nordic A/S (b)

    14,671        581,936   

Brodrene Hartmann A/S

    363        13,119   

D/S Norden A/S (b)

    5,328        117,663   

DFDS A/S

    11,185        355,842   

FLSmidth & Co. A/S (a)

    19,649        653,327   

 

MSF-82


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Denmark—(Continued)

   

Genmab A/S (b)

    10,677      $ 981,508   

GN Store Nord A/S

    70,478        1,267,321   

Greentech Energy Systems A/S (b)

    1,142        1,189   

Gronlandsbanken A/S

    17        1,540   

Harboes Bryggeri A/S - Class B

    1,454        21,897   

IC Group A/S

    3,209        91,506   

Jeudan A/S (b)

    201        20,369   

Jyske Bank A/S (b)

    14,672        813,091   

NKT Holding A/S

    6,820        360,281   

Nordjyske Bank A/S

    185        3,368   

Parken Sport & Entertainment A/S (b)

    2,351        20,419   

PER Aarsleff A/S - Class B

    962        330,651   

Ringkjoebing Landbobank A/S

    2,258        503,570   

Rockwool International A/S - B Shares

    3,675        524,581   

Royal Unibrew A/S

    22,465        842,341   

RTX A/S

    1,288        16,808   

Santa Fe Group A/S (a) (b)

    7,121        62,021   

Schouw & Co.

    7,785        419,197   

SimCorp A/S

    17,307        872,242   

Solar A/S - B Shares

    3,176        191,844   

Spar Nord Bank A/S

    32,428        369,946   

Sydbank A/S

    26,018        991,398   

TK Development A/S (a) (b)

    55,316        66,726   

Topdanmark A/S (b)

    36,923        1,050,410   

United International Enterprises

    1,090        173,027   

Vestjysk Bank A/S (b)

    3,300        4,344   

Zealand Pharma A/S (a) (b)

    2,949        64,990   
   

 

 

 
      12,835,569   
   

 

 

 

Finland—2.7%

   

Ahlstrom Oyj (a)

    11,406        90,084   

Aktia Bank Oyj

    3,139        38,282   

Alma Media Oyj (b)

    31,691        91,464   

Amer Sports Oyj

    47,651        1,213,752   

Apetit Oyj

    1,205        18,138   

Aspo Oyj

    8,414        60,809   

Atria Oyj

    2,604        22,681   

BasWare Oyj (a)

    3,525        154,180   

Biotie Therapies Oyj (b)

    118,993        20,930   

Bittium Oyj (a)

    35,381        198,579   

Cargotec Oyj - B Shares

    12,591        344,914   

Caverion Corp.

    58,474        585,716   

Citycon Oyj (b)

    146,997        362,085   

Comptel Oyj

    30,187        40,162   

Cramo Oyj

    9,503        198,482   

Elisa Oyj (a)

    45,604        1,543,711   

F-Secure Oyj (a)

    54,590        151,259   

Finnair Oyj (b)

    35,859        123,139   

Finnlines Oyj (b)

    9,624        159,109   

Fiskars Oyj Abp

    17,515        352,296   

HKScan Oyj - A Shares

    6,704        29,414   

Huhtamaki Oyj

    51,530        1,575,982   

Ilkka-Yhtyma Oyj

    2,976        6,610   

Kemira Oyj (a)

    41,153        475,886   

Kesko Oyj - A Shares

    494        16,038   

Kesko Oyj - B Shares

    24,862        880,336   

Finland—(Continued)

   

Konecranes Oyj (a)

    16,662      417,511   

Lassila & Tikanoja Oyj

    14,630        293,638   

Lemminkainen Oyj (b)

    5,098        66,113   

Metsa Board Oyj

    135,387        764,860   

Metso Oyj

    10,914        227,304   

Munksjo Oyj (a) (b)

    6,311        52,861   

Neste Oyj (a)

    10,999        253,466   

Nokian Renkaat Oyj (a)

    40,917        1,326,407   

Okmetic Oyj

    6,360        50,341   

Olvi Oyj - A Shares

    6,303        155,423   

Oriola-KD Oyj - B Shares (a) (b)

    76,371        367,617   

Orion Oyj - Class A

    15,714        601,179   

Orion Oyj - Class B

    36,394        1,377,654   

Outokumpu Oyj (a) (b)

    102,277        236,677   

Outotec Oyj (a)

    52,402        194,169   

PKC Group Oyj (a)

    7,624        138,888   

Ponsse Oy

    3,208        52,952   

Poyry Oyj (a) (b)

    14,295        57,536   

Raisio plc - V Shares (a)

    58,833        283,246   

Ramirent Oyj

    41,687        319,813   

Rapala VMC Oyj

    8,902        48,336   

Saga Furs Oyj

    836        17,517   

Sanoma Oyj (a)

    31,912        118,076   

Stockmann Oyj Abp - B Shares (a) (b)

    11,956        93,200   

Talvivaara Mining Co. plc (a) (b) (c) (d)

    286,881        3,654   

Technopolis Oyj

    44,123        169,821   

Teleste Oyj

    772        6,566   

Tieto Oyj

    27,532        696,682   

Tikkurila Oyj (a)

    18,446        306,619   

Uponor Oyj

    23,381        304,323   

Vaisala Oyj - A Shares

    4,116        109,161   

Valmet Oyj

    5,431        52,721   

YIT Oyj (a)

    33,084        181,652   
   

 

 

 
      18,100,021   
   

 

 

 

France—4.5%

   

ABC Arbitrage

    4,710        26,315   

Actia Group

    5,737        30,798   

Air France-KLM (a) (b)

    74,648        521,102   

Akka Technologies S.A.

    3,513        90,859   

Albioma S.A.

    12,855        214,192   

Altamir Amboise

    9,152        101,414   

Alten S.A.

    9,511        488,584   

Altran Technologies S.A.

    70,704        821,259   

APRIL S.A.

    9,077        131,886   

Assystem

    5,996        122,999   

Aubay

    1,785        30,912   

Audika Groupe

    2,159        42,830   

Axway Software S.A.

    2,132        51,721   

Bastide le Confort Medical

    590        12,656   

Beneteau S.A. (a)

    17,061        253,868   

BioMerieux

    4,066        439,866   

Boiron S.A.

    2,738        264,172   

Bonduelle SCA

    7,722        198,854   

Burelle S.A.

    184        117,188   

Catering International Services

    541        8,956   

 

MSF-83


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

France—(Continued)

   

Cegedim S.A. (b)

    2,929      $ 117,912   

Cegid Group S.A.

    3,132        132,098   

Chargeurs S.A.

    7,816        64,997   

Cie des Alpes

    3,241        63,848   

Derichebourg S.A. (b)

    31,305        90,014   

Devoteam S.A.

    4,902        160,942   

Eiffage S.A.

    15,551        961,441   

Electricite de Strasbourg S.A.

    88        10,447   

Eramet (a) (b)

    1,499        55,367   

Esso S.A. Francaise (b)

    1,341        92,916   

Etablissements Maurel et Prom (a) (b)

    26,859        99,671   

Euler Hermes Group

    2,457        227,793   

Euro Disney SCA (b)

    79,170        110,611   

Eurofins Scientific SE (a)

    3,562        1,095,784   

Exel Industries - A Shares

    618        32,735   

Faiveley Transport S.A.

    3,418        353,254   

Faurecia

    31,687        987,719   

Fimalac

    3,854        360,874   

Fleury Michon S.A.

    461        32,220   

GameLoft SE (a) (b)

    18,424        67,958   

Gaztransport Et Technigaz S.A.

    3,026        157,242   

GEA

    165        13,830   

GECI International (b) (c) (d)

    9,793        0   

GL Events

    3,648        70,632   

Groupe Crit

    1,538        79,624   

Groupe Flo (b)

    5,857        15,339   

Groupe Fnac S.A. (b)

    2,761        157,876   

Groupe Gorge (a)

    1,266        32,373   

Groupe Open

    22        305   

Guerbet

    2,652        189,160   

Haulotte Group S.A.

    10,056        141,353   

Havas S.A.

    6,307        51,522   

HERIGE SADCS

    235        6,018   

Hi-Media S.A. (b)

    1,120        5,387   

HiPay Group S.A. (b)

    1,527        12,005   

Imerys S.A.

    2,714        174,454   

Interparfums S.A.

    4,366        111,830   

Ipsen S.A.

    13,044        809,369   

IPSOS

    12,134        238,580   

Jacquet Metal Service

    7,386        99,944   

Korian S.A.

    23,784        896,106   

Lagardere SCA

    51,526        1,428,277   

Lanson-BCC

    15        545   

Laurent-Perrier

    1,367        117,935   

Le Noble Age (b)

    1,488        35,515   

Lectra

    10,108        112,045   

LISI

    11,625        314,623   

Maisons France Confort S.A.

    1,754        74,208   

Manitou BF S.A.

    4,534        75,908   

Manutan International

    589        28,277   

Mersen

    8,985        181,155   

METabolic EXplorer S.A. (b)

    6,035        21,663   

Metropole Television S.A.

    21,233        406,091   

MGI Coutier

    4,744        75,524   

Montupet (a)

    4,202        247,294   

Mr. Bricolage

    601        8,410   

France—(Continued)

   

Naturex (a) (b)

    2,358      167,684   

Neopost S.A. (a)

    12,528        326,608   

Nexans S.A. (b)

    10,974        370,296   

Nexity S.A.

    12,502        538,983   

NextRadioTV

    3,349        135,907   

NRJ Group (b)

    12,040        112,476   

Onxeo S.A. (b)

    4,566        17,755   

Orpea

    15,896        1,264,930   

Parrot S.A. (a) (b)

    3,230        157,630   

Pierre & Vacances S.A. (b)

    3,103        83,871   

Plastic Omnium S.A. (a)

    34,713        795,718   

Rallye S.A. (a)

    8,372        137,605   

Recylex S.A. (b)

    8,543        10,050   

Rexel S.A.

    16,879        207,562   

Robertet S.A.

    14        3,505   

Rubis SCA (a)

    16,453        1,225,388   

Saft Groupe S.A.

    16,151        528,524   

Samse S.A.

    107        14,295   

Sartorius Stedim Biotech

    1,438        427,961   

Savencia S.A.

    3,042        195,096   

SEB S.A.

    6,523        601,720   

Seche Environnement S.A.

    1,555        55,721   

Sequana S.A. (b)

    10,224        46,441   

Soc Mar Tunnel Prado Car

    293        11,268   

Societe des Bains de Mer et du Cercle des Etrangers a Monaco (b)

    16        555   

Societe Television Francaise 1

    52,277        735,256   

Soitec (a) (b)

    84,062        48,005   

Solocal Group (a) (b)

    489,833        125,103   

Somfy S.A.

    202        58,196   

Sopra Steria Group

    6,938        770,447   

Spir Communication S.A. (b)

    848        8,631   

Ste Industrielle d’Aviation Latecoere S.A. (a) (b)

    26,469        100,554   

STEF S.A.

    1,145        75,513   

Store Electronic (b)

    715        9,829   

Sword Group

    3,419        84,659   

Synergie S.A.

    4,419        115,241   

Technicolor S.A.

    88,305        610,298   

Teleperformance

    24,566        1,863,257   

Tessi S.A.

    895        113,901   

TFF Group

    308        31,660   

Theolia S.A. (b)

    38,489        22,843   

Thermador Groupe

    1,002        86,798   

Total Gabon

    324        64,093   

Touax S.A.

    1,463        20,490   

Trigano S.A.

    5,078        241,762   

UBISOFT Entertainment (b)

    41,482        841,340   

Union Financiere de France BQE S.A.

    1,856        49,605   

Valneva SE (a) (b)

    15,386        55,228   

Vetoquinol S.A.

    1,341        58,727   

Vicat S.A. (a)

    5,373        335,425   

VIEL & Cie S.A.

    4,205        14,394   

Vilmorin & Cie S.A. (a)

    2,684        196,313   

Virbac S.A.

    1,586        274,025   

Vranken-Pommery Monopole S.A. (a)

    958        28,395   
   

 

 

 
      29,956,988   
   

 

 

 

 

MSF-84


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—6.1%

   

Aareal Bank AG

    32,420      $ 1,153,637   

Adler Modemaerkte AG

    2,828        31,597   

ADVA Optical Networking SE (b)

    13,833        148,097   

Air Berlin plc (a) (b)

    15,003        15,203   

AIXTRON SE (a) (b)

    30,799        186,392   

Allgeier SE

    2,942        52,505   

Amadeus Fire AG

    2,610        231,703   

Aurubis AG

    14,317        909,981   

Axel Springer SE

    9,537        531,714   

Balda AG (a) (b)

    14,264        50,242   

Basler AG

    236        11,351   

Bauer AG

    4,696        88,575   

BayWa AG

    305        12,218   

BayWa AG (a)

    5,731        184,303   

Bechtle AG

    9,570        860,815   

Bertrandt AG (a)

    1,677        174,660   

Bijou Brigitte AG

    1,603        88,061   

Biotest AG

    4,221        85,195   

Borussia Dortmund GmbH & Co. KGaA (Xetra Exchange) (a)

    30,779        140,098   

CANCOM SE

    7,824        271,766   

Carl Zeiss Meditec AG (a)

    10,600        296,085   

CENIT AG

    5,981        112,039   

CENTROTEC Sustainable AG

    3,158        47,653   

Cewe Stiftung & Co. KGaA

    3,145        174,701   

Comdirect Bank AG

    13,399        151,886   

CompuGroup Medical AG

    8,932        295,045   

Constantin Medien AG (b)

    15,941        33,860   

CropEnergies AG (a) (b)

    9,235        47,167   

CTS Eventim AG & Co. KGaA

    19,994        740,192   

Data Modul AG

    138        5,213   

DEAG Deutsche Entertainment AG (b)

    2,049        10,310   

Delticom AG (a)

    1,562        35,939   

Deutsche Beteiligungs AG

    2,815        78,377   

Deutz AG

    35,346        118,495   

Dialog Semiconductor plc (a) (b)

    22,851        914,347   

DIC Asset AG (a)

    2,158        19,410   

DMG Mori AG (a)

    20,797        795,901   

Dr. Hoenle AG

    2,084        53,930   

Draegerwerk AG & Co. KGaA

    1,062        75,256   

Drillisch AG (a)

    30,810        1,635,784   

Duerr AG

    8,529        598,686   

Eckert & Ziegler AG

    1,629        33,968   

Elmos Semiconductor AG

    7,336        111,095   

ElringKlinger AG (a)

    11,206        215,358   

Euromicron AG (b)

    2,048        19,364   

Evotec AG (b)

    24,706        109,833   

Fielmann AG

    4,101        280,488   

Francotyp-Postalia Holding AG

    3,300        15,934   

Fraport AG Frankfurt Airport Services Worldwide

    3,036        187,230   

Freenet AG

    56,906        1,878,228   

FUCHS Petrolub SE

    5,026        193,238   

Gerresheimer AG

    9,821        716,414   

Gerry Weber International AG (a)

    9,842        148,761   

Gesco AG

    1,521        116,252   

GFK SE

    7,937        277,547   

Germany—(Continued)

   

GFT Technologies SE

    9,142      222,547   

Grammer AG (a)

    7,596        173,500   

GRENKELEASING AG

    2,621        415,355   

H&R AG (b)

    4,113        36,572   

Hamburger Hafen und Logistik AG (a)

    8,624        140,328   

Heidelberger Druckmaschinen AG (a) (b)

    153,682        393,561   

HOCHTIEF AG (a)

    1,291        107,479   

Homag Group AG

    1,678        65,062   

Hornbach Baumarkt AG

    1,173        43,841   

Indus Holding AG

    13,812        617,204   

Init Innovation In Traffic Systems AG

    1,794        41,090   

Isra Vision AG

    2,083        116,656   

Jenoptik AG

    19,047        269,463   

Joyou AG (b)

    688        30   

KION Group AG (b)

    11,953        529,888   

Kloeckner & Co. SE (a)

    38,909        318,027   

Koenig & Bauer AG (b)

    4,373        128,899   

Kontron AG (a) (b)

    21,842        61,756   

Krones AG

    5,091        535,372   

KSB AG

    103        46,383   

KUKA AG (a)

    8,843        677,053   

KWS Saat SE

    949        315,800   

LANXESS AG

    31,725        1,482,188   

LEG Immobilien AG (b)

    15,758        1,299,192   

Leifheit AG

    945        41,531   

Leoni AG

    12,471        663,690   

LPKF Laser & Electronics AG (a)

    5,852        54,550   

Manz AG (a) (b)

    1,272        92,429   

Medigene AG (b)

    3,423        23,526   

MLP AG

    20,985        93,013   

MTU Aero Engines AG

    14,899        1,244,442   

MVV Energie AG

    3,445        81,356   

Nemetschek AG

    12,828        481,732   

Nexus AG

    2,764        55,312   

Nordex SE (b)

    23,261        635,276   

Norma Group SE

    10,781        529,108   

OHB SE (a)

    2,315        45,675   

OSRAM Licht AG

    21,899        1,131,471   

Paion AG (b)

    12,581        28,226   

Patrizia Immobilien AG (b)

    15,957        381,167   

Pfeiffer Vacuum Technology AG

    4,085        470,745   

PNE Wind AG (b)

    24,548        57,559   

Progress-Werk Oberkirch AG

    822        31,797   

PSI AG Gesellschaft Fuer Produkte und Systeme der Informationstechnologie (b)

    2,118        28,407   

Puma SE (a)

    549        113,340   

PVA TePla AG (b)

    3,358        9,761   

QSC AG (a)

    26,632        44,849   

R Stahl AG

    1,594        58,769   

Rational AG

    1,017        406,270   

Rheinmetall AG

    12,940        791,816   

Rhoen Klinikum AG (a)

    32,246        911,930   

RIB Software AG (a)

    1,026        16,123   

SAF-Holland S.A. (a)

    31,896        420,329   

Salzgitter AG (a)

    12,083        299,545   

Schaltbau Holding AG

    2,118        109,960   

SGL Carbon SE (a) (b)

    18,022        286,222   

 

MSF-85


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

   

SHW AG

    2,013      $ 45,321   

Singulus Technologies AG (a) (b)

    35,179        24,182   

Sixt SE (a)

    9,652        469,469   

SMA Solar Technology AG (a) (b)

    3,992        172,391   

SMT Scharf AG (b)

    831        11,051   

Softing AG

    1,971        24,018   

Software AG

    20,357        593,183   

Solarworld AG (b)

    348        5,853   

Stada Arzneimittel AG

    19,797        707,862   

STRATEC Biomedical AG

    1,697        98,687   

Stroeer SE

    8,451        497,277   

Suedzucker AG (a)

    26,310        477,590   

Surteco SE

    970        18,886   

Suss Microtec AG (a) (b)

    6,216        39,208   

Syzygy AG

    2,587        25,820   

TAG Immobilien AG (a)

    77,264        915,393   

Takkt AG

    11,656        218,726   

Technotrans AG

    3,008        50,848   

Tom Tailor Holding AG (a) (b)

    6,389        35,672   

Tomorrow Focus AG (b)

    1,815        6,323   

TUI AG

    76,009        1,388,878   

VERBIO Vereinigte BioEnergie AG (b)

    780        3,631   

Vossloh AG (a) (b)

    4,089        304,164   

VTG AG (a)

    5,545        164,067   

Wacker Chemie AG (a)

    2,424        183,745   

Wacker Neuson SE

    10,071        145,852   

Washtec AG

    3,397        83,042   

Wincor Nixdorf AG

    10,359        406,436   

XING AG

    1,747        375,315   
   

 

 

 
      40,942,161   
   

 

 

 

Hong Kong—3.0%

   

Alco Holdings, Ltd.

    136,000        38,682   

Allan International Holdings

    70,000        17,246   

Allied Group, Ltd.

    22,000        95,096   

Allied Properties HK, Ltd.

    1,466,024        304,377   

Anxian Yuan China Holdings, Ltd. (b)

    420,000        7,021   

Apac Resources, Ltd. (b)

    472,173        5,102   

APT Satellite Holdings, Ltd.

    164,250        142,413   

Arts Optical International Holdings, Ltd.

    16,000        5,781   

Asia Financial Holdings, Ltd. (a)

    300,000        115,447   

Asia Satellite Telecommunications Holdings, Ltd.

    58,500        91,182   

Asia Standard International Group, Ltd. (a)

    370,000        69,303   

ASM Pacific Technology, Ltd. (a)

    26,600        175,646   

Associated International Hotels, Ltd. (d)

    14,000        38,477   

Aupu Group Holding Co., Ltd.

    246,000        62,783   

Auto Italia Holdings (a) (b)

    175,000        9,935   

Bel Global Resources Holdings, Ltd. (b) (c) (d)

    520,000        0   

Bonjour Holdings, Ltd.

    615,000        25,156   

Bossini International Holdings

    302,000        25,002   

Bright Smart Securities & Commodities Group, Ltd.

    40,000        11,368   

Brockman Mining, Ltd. (a) (b)

    2,516,770        52,009   

Burwill Holdings, Ltd. (b)

    1,566,000        58,240   

Cafe de Coral Holdings, Ltd.

    134,000        446,963   

Hong Kong—(Continued)

   

CEC International Holdings, Ltd.

    80,000      16,698   

Century City International Holdings, Ltd.

    616,000        40,795   

Champion Technology Holdings, Ltd. (b)

    1,233,093        19,845   

Chen Hsong Holdings

    150,000        35,402   

Cheuk Nang Holdings, Ltd.

    89,020        67,545   

Chevalier International Holdings, Ltd.

    70,000        123,275   

China Billion Resources, Ltd. (b) (c) (d)

    476,000        0   

China Daye Non-Ferrous Metals Mining, Ltd. (a) (b)

    2,366,000        44,620   

China Energy Development Holdings, Ltd. (a) (b)

    3,670,000        74,974   

China Flavors & Fragrances Co., Ltd.

    71,446        17,151   

China Infrastructure Investment, Ltd. (b)

    626,000        8,382   

China Metal International Holdings, Inc.

    198,000        53,216   

China Public Procurement, Ltd. (b)

    1,260,000        20,550   

China Smarter Energy Group Holdings, Ltd. (a) (b)

    1,018,000        95,099   

China Solar Energy Holdings, Ltd. (b) (c) (d)

    162,000        705   

China Star Entertainment, Ltd. (a) (b)

    3,150,000        12,311   

China Strategic Holdings, Ltd. (b)

    1,732,500        51,613   

China Ting Group Holdings, Ltd. (b)

    318,550        22,059   

Chinney Investment, Ltd.

    8,000        1,669   

Chow Sang Sang Holdings International, Ltd.

    119,000        240,052   

Chu Kong Shipping Enterprise Group Co., Ltd.

    154,000        45,132   

Chuang’s China Investments, Ltd.

    341,000        19,441   

Chuang’s Consortium International, Ltd.

    446,357        49,328   

CITIC Telecom International Holdings, Ltd.

    467,000        160,138   

CK Life Sciences International Holdings, Inc.

    1,594,000        142,930   

CNT Group, Ltd.

    246,000        11,079   

Continental Holdings, Ltd. (b)

    220,000        3,825   

CP Lotus Corp. (b)

    1,750,000        39,882   

Crocodile Garments (b)

    216,000        27,859   

Cross-Harbour Holdings, Ltd. (The) (a)

    119,000        158,323   

CSI Properties, Ltd.

    3,194,023        102,172   

CST Mining Group, Ltd. (b)

    8,984,000        92,463   

Dah Sing Banking Group, Ltd.

    172,671        317,662   

Dah Sing Financial Holdings, Ltd.

    66,260        364,671   

Dan Form Holdings Co., Ltd.

    287,000        46,556   

Dickson Concepts International, Ltd.

    131,000        47,151   

Dorsett Hospitality International, Ltd.

    415,000        80,888   

Eagle Nice International Holdings, Ltd.

    120,000        24,327   

EcoGreen International Group, Ltd.

    99,000        22,048   

Emperor Capital Group, Ltd.

    540,000        42,397   

Emperor Entertainment Hotel, Ltd.

    235,000        42,258   

Emperor International Holdings, Ltd.

    565,250        109,084   

Emperor Watch & Jewellery, Ltd.

    1,520,000        50,458   

ENM Holdings, Ltd. (b)

    556,000        28,865   

EPI Holdings, Ltd. (b)

    97,800        4,211   

Esprit Holdings, Ltd. (a)

    833,950        624,528   

eSun Holdings, Ltd. (b)

    400,000        35,272   

Fairwood Holdings, Ltd.

    34,500        97,796   

Far East Consortium International, Ltd.

    514,010        189,503   

Fountain SET Holdings, Ltd.

    422,000        45,136   

Fujikon Industrial Holdings, Ltd.

    100,000        13,028   

Fullshare Holdings, Ltd. (b)

    787,500        142,461   

Future Bright Holdings, Ltd.

    156,000        17,626   

G-Resources Group, Ltd.

    11,842,800        309,479   

 

MSF-86


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

   

GCL New Energy Holdings, Ltd. (a) (b)

    872,000      $ 60,077   

Get Nice Holdings, Ltd.

    2,574,000        92,121   

Giordano International, Ltd.

    536,000        258,772   

Global Brands Group Holding, Ltd. (b)

    378,000        78,637   

Glorious Sun Enterprises, Ltd.

    262,000        43,187   

Gold Peak Industries Holding, Ltd.

    277,714        28,730   

Golden Resources Development International, Ltd.

    370,000        22,959   

Guangnan Holdings, Ltd.

    264,000        36,657   

Guotai Junan International Holdings, Ltd. (a)

    378,600        108,939   

Haitong International Securities Group, Ltd. (a)

    400,730        199,132   

Hao Tian Development Group, Ltd. (b)

    780,000        55,946   

Harbour Centre Development, Ltd.

    88,000        150,354   

HKR International, Ltd.

    405,600        194,971   

HNA International Investment Holdings, Ltd. (b)

    634,000        32,559   

Hon Kwok Land Investment Co., Ltd.

    140,000        47,849   

Hong Kong Aircraft Engineering Co., Ltd. (a)

    8,800        66,845   

Hong Kong Ferry Holdings Co., Ltd.

    22,000        25,201   

Hong Kong Television Network, Ltd. (b)

    165,000        34,880   

Hongkong & Shanghai Hotels (The)

    21,000        23,772   

Hongkong Chinese, Ltd.

    866,000        134,877   

Hopewell Holdings, Ltd.

    41,500        141,552   

Hsin Chong Construction Group, Ltd.

    918,000        109,550   

Hung Hing Printing Group, Ltd.

    252,000        31,782   

Hutchison Telecommunications Hong Kong Holdings, Ltd. (a)

    526,000        211,250   

I-CABLE Communications, Ltd. (b)

    177,000        11,697   

Imagi International Holdings, Ltd. (b)

    2,403,000        35,118   

Integrated Waste Solutions Group Holdings, Ltd. (b)

    504,000        10,938   

International Standard Resources Holdings, Ltd. (b)

    1,485,000        33,527   

iOne Holdings, Ltd. (b)

    960,000        36,209   

IPE Group, Ltd.

    285,000        38,947   

IRC, Ltd. (b)

    760,000        26,320   

IT, Ltd.

    278,000        71,521   

ITC Properties Group, Ltd.

    96,467        46,215   

Jinhui Holdings Co., Ltd. (b)

    70,000        8,884   

Johnson Electric Holdings, Ltd. (a)

    106,875        353,771   

K Wah International Holdings, Ltd. (a)

    607,693        241,970   

Kader Holdings Co., Ltd. (b)

    264,000        20,079   

Kam Hing International Holdings, Ltd.

    196,000        12,288   

Kantone Holdings, Ltd. (b)

    93,000        6,746   

Keck Seng Investments

    72,000        65,349   

Kerry Logistics Network, Ltd.

    27,500        39,293   

Kingmaker Footwear Holdings, Ltd.

    102,000        20,465   

Kowloon Development Co., Ltd.

    159,000        182,783   

L’sea Resources International Holdings, Ltd. (b)

    360,000        21,983   

Lai Sun Development Co., Ltd.

    6,835,666        107,412   

Lai Sun Garment International, Ltd.

    498,800        52,644   

Lam Soon Hong Kong, Ltd.

    15,000        8,922   

Landsea Green Properties Co., Ltd.

    120,000        10,913   

Lerado Group Holdings Co., Ltd.

    202,000        6,261   

Lifestyle International Holdings, Ltd.

    161,500        230,122   

Lippo China Resources, Ltd.

    2,106,000        80,479   

Lippo, Ltd.

    122,000        62,988   

Lisi Group Holdings, Ltd.

    562,000        40,819   

Hong Kong—(Continued)

   

Liu Chong Hing Investment, Ltd.

    86,000      90,759   

Luen Thai Holdings, Ltd.

    116,000        18,176   

Luk Fook Holdings International, Ltd.

    135,000        339,356   

Luks Group Vietnam Holdings Co., Ltd.

    68,000        21,214   

Lung Kee Bermuda Holdings

    116,000        31,520   

Magnificent Estates

    1,310,000        39,903   

Man Wah Holdings, Ltd.

    317,600        311,546   

Man Yue Technology Holdings, Ltd.

    88,000        9,103   

Mason Financial Holdings, Ltd. (b)

    2,250,000        81,621   

Matrix Holdings, Ltd.

    36,000        16,397   

Melco International Development, Ltd. (a)

    114,000        139,947   

Midland Holdings, Ltd. (a) (b)

    302,000        125,076   

Ming Fai International Holdings, Ltd.

    145,000        13,741   

Miramar Hotel & Investment

    12,000        19,052   

Mongolian Mining Corp. (a) (b)

    3,090,000        79,092   

National Electronic Holdings, Ltd.

    182,600        21,299   

Natural Beauty Bio-Technology, Ltd. (c) (d)

    290,000        24,697   

Neo-Neon Holdings, Ltd. (b)

    322,500        44,580   

Neptune Group, Ltd. (b)

    1,060,000        9,828   

New Century Group Hong Kong, Ltd.

    912,000        16,666   

New Times Energy Corp., Ltd. (b)

    306,300        7,776   

Newocean Energy Holdings, Ltd. (a)

    488,000        186,002   

Next Media, Ltd.

    414,000        29,579   

Noble Group, Ltd.

    224,800        65,759   

O Luxe Holdings, Ltd. (b)

    648,000        23,264   

Orange Sky Golden Harvest Entertainment Holdings, Ltd. (b)

    375,882        30,358   

Orient Overseas International, Ltd.

    8,500        40,043   

Oriental Watch Holdings

    271,600        36,640   

Pacific Andes International Holdings, Ltd. (b)

    1,819,984        36,346   

Pacific Basin Shipping, Ltd. (a)

    656,000        200,962   

Pacific Textile Holdings, Ltd.

    187,000        254,552   

Paliburg Holdings, Ltd.

    328,000        100,638   

Pan Asia Environmental Protection Group, Ltd.

    38,000        5,472   

Paradise Entertainment, Ltd. (a)

    168,000        28,489   

PCCW, Ltd.

    291,000        150,538   

Pearl Oriental Oil, Ltd. (b)

    404,000        10,021   

Perfect Shape PRC Holdings, Ltd.

    108,000        18,251   

Pico Far East Holdings, Ltd.

    468,000        108,244   

Ping Shan Tea Group, Ltd. (b)

    460,000        2,940   

Playmates Holdings, Ltd.

    56,000        58,366   

Playmates Toys, Ltd.

    236,000        45,764   

Polytec Asset Holdings, Ltd.

    565,000        75,532   

Public Financial Holdings, Ltd.

    166,000        76,417   

PYI Corp., Ltd.

    2,140,366        49,712   

Regal Hotels International Holdings, Ltd.

    424,000        221,549   

Rivera Holdings, Ltd.

    20,000        958   

Sa Sa International Holdings, Ltd. (a)

    396,000        151,922   

SAS Dragon Holdings, Ltd.

    140,000        24,633   

SEA Holdings, Ltd.

    94,000        107,759   

Shangri-La Asia, Ltd.

    42,000        36,261   

Shenwan Hongyuan HK, Ltd.

    172,500        70,152   

Shun Ho Technology Holdings, Ltd. (b)

    21,615        7,766   

Shun Tak Holdings, Ltd.

    701,500        267,396   

Silver Base Group Holdings, Ltd. (b)

    422,000        62,507   

Sing Tao News Corp., Ltd.

    276,000        37,908   

Singamas Container Holdings, Ltd.

    786,000        102,351   

 

MSF-87


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hong Kong—(Continued)

   

SIS International Holdings

    16,000      $ 9,059   

Sitoy Group Holdings, Ltd.

    111,000        55,041   

SmarTone Telecommunications Holdings, Ltd.

    142,388        269,287   

SOCAM Development, Ltd. (a) (b)

    179,876        111,364   

Solomon Systech International, Ltd. (b)

    920,000        36,484   

Soundwill Holdings, Ltd.

    50,000        59,827   

South China Holdings Co., Ltd. (b)

    992,000        72,502   

Stella International Holdings, Ltd.

    161,500        395,922   

Stelux Holdings International, Ltd.

    260,500        28,121   

Success Universe Group, Ltd. (b)

    240,000        5,930   

Sun Hing Vision Group Holdings, Ltd.

    42,000        15,755   

Sun Hung Kai & Co., Ltd. (a)

    322,440        221,658   

Sunwah Kingsway Capital Holdings, Ltd.

    310,000        5,933   

Symphony Holdings, Ltd. (b)

    390,000        34,987   

TAI Cheung Holdings

    232,000        180,204   

Tan Chong International, Ltd.

    63,000        19,916   

Tao Heung Holdings, Ltd. (a)

    204,000        68,386   

Taung Gold International, Ltd. (b)

    700,000        8,174   

Television Broadcasts, Ltd.

    123,500        413,364   

Texwinca Holdings, Ltd.

    300,000        270,991   

Titan Petrochemicals Group, Ltd. (b) (c) (d)

    1,000,000        64   

Tradelink Electronic Commerce, Ltd.

    256,000        52,228   

Transport International Holdings, Ltd.

    132,000        350,269   

Trinity, Ltd. (a)

    466,000        50,761   

TSC Group Holdings, Ltd. (b)

    216,000        41,929   

Tsui Wah Holdings, Ltd.

    40,000        9,341   

United Laboratories International Holdings, Ltd. (The) (b)

    241,000        123,684   

Universal Technologies Holdings, Ltd. (b)

    120,000        8,359   

Up Energy Development Group, Ltd. (b)

    92,000        3,467   

Upbest Group, Ltd.

    8,000        1,915   

Value Convergence Holdings, Ltd. (b)

    104,000        19,499   

Value Partners Group, Ltd. (a)

    189,000        180,228   

Varitronix International, Ltd.

    137,000        91,564   

Vedan International Holdings, Ltd.

    296,000        15,096   

Victory City International Holdings, Ltd.

    761,238        111,809   

Vitasoy International Holdings, Ltd.

    358,000        536,879   

VS International Group, Ltd. (b)

    160,000        9,119   

VST Holdings, Ltd.

    487,200        133,031   

VTech Holdings, Ltd. (a)

    35,300        419,525   

Wai Kee Holdings, Ltd.

    54,000        16,754   

Win Hanverky Holdings, Ltd.

    332,000        50,847   

Winfull Group Holdings, Ltd. (b)

    528,000        27,096   

Wing On Co. International, Ltd.

    46,000        143,590   

Wing Tai Properties, Ltd.

    280,000        152,819   

Xinyi Glass Holdings, Ltd. (a)

    826,000        372,233   

Xinyi Solar Holdings, Ltd. (a)

    560,000        193,549   

Yeebo International Holdings, Ltd.

    158,000        32,621   

YGM Trading, Ltd.

    46,000        41,654   

Yuan Heng Gas Holdings, Ltd. (b)

    140,000        12,540   

Yugang International, Ltd.

    1,466,000        21,199   

Zhuhai Holdings Investment Group, Ltd.

    72,000        9,638   
   

 

 

 
      20,029,041   
   

 

 

 

Ireland—1.5%

   

C&C Group plc

    166,865        661,151   

DCC plc

    39,135        2,960,478   

Ireland—(Continued)

   

FBD Holdings plc

    10,350      76,889   

Glanbia plc

    43,475        809,470   

Grafton Group plc

    95,324        964,511   

Greencore Group plc

    238,369        987,074   

IFG Group plc

    44,002        95,827   

Independent News & Media plc (b)

    35,056        6,552   

Irish Continental Group plc

    22,664        110,936   

Kenmare Resources plc (b)

    145,693        4,472   

Kingspan Group plc

    54,781        1,321,323   

Paddy Power plc

    9,197        1,058,388   

Smurfit Kappa Group plc

    11,491        308,918   

UDG Healthcare plc

    104,367        795,282   
   

 

 

 
      10,161,271   
   

 

 

 

Israel—0.9%

   

Africa Israel Investments, Ltd. (b)

    64,935        41,941   

Africa Israel Properties, Ltd.

    4,653        60,902   

Africa Israel Residences, Ltd.

    880        15,089   

Airport City, Ltd. (b)

    10,447        101,246   

Allot Communications, Ltd. (b)

    10,216        48,835   

Alrov Properties and Lodgings, Ltd.

    5,057        106,624   

Amot Investments, Ltd.

    25,066        77,172   

AudioCodes, Ltd. (b)

    13,306        44,136   

Azorim-Investment Development & Construction Co., Ltd. (b)

    23,712        17,048   

Bayside Land Corp.

    205        60,194   

Big Shopping Centers, Ltd.

    1,031        50,616   

BioLine RX, Ltd. (b)

    2,565        4,015   

Blue Square Real Estate, Ltd.

    738        22,385   

Brainsway, Ltd. (b)

    2,674        14,593   

Cellcom Israel, Ltd. (b)

    13,058        81,957   

Ceragon Networks, Ltd. (b)

    14,799        24,895   

Clal Biotechnology Industries, Ltd. (b)

    17,579        13,384   

Clal Insurance Enterprises Holdings, Ltd. (b)

    7,114        105,397   

Cohen Development & Industrial Buildings, Ltd.

    305        5,997   

Compugen, Ltd. (b)

    18,562        90,062   

Delek Automotive Systems, Ltd.

    14,284        134,081   

Delta-Galil Industries, Ltd.

    4,030        120,762   

Direct Insurance Financial Investments, Ltd.

    5,783        39,554   

Electra, Ltd.

    652        79,969   

Elron Electronic Industries, Ltd.

    7,585        34,046   

Equital, Ltd. (b)

    550        9,361   

Evogene, Ltd. (b)

    5,090        41,458   

EZchip Semiconductor, Ltd. (b)

    11,499        350,217   

EZchip Semiconductor, Ltd. (U.S. Listed Shares) (b)

    400        10,064   

First International Bank of Israel, Ltd.

    8,900        110,788   

FMS Enterprises Migun, Ltd.

    910        16,202   

Formula Systems 1985, Ltd.

    2,591        71,839   

Fox Wizel, Ltd.

    1,475        26,745   

Frutarom Industries, Ltd.

    19,140        724,567   

Gilat Satellite Networks, Ltd. (b)

    3,070        11,023   

Golf & Co., Ltd.

    6,101        12,933   

Hadera Paper, Ltd. (b)

    1,104        32,094   

Harel Insurance Investments & Financial Services, Ltd.

    43,597        180,951   

 

MSF-88


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Israel—(Continued)

   

Industrial Buildings Corp., Ltd.

    29,599      $ 29,658   

Israel Discount Bank, Ltd. - Class A (b)

    134,749        246,310   

Israel Land Development Co., Ltd. (The)

    3,950        16,267   

Ituran Location and Control, Ltd.

    7,721        159,394   

Jerusalem Oil Exploration (b)

    4,736        184,252   

Kamada, Ltd. (b)

    11,729        40,080   

Kerur Holdings, Ltd. (b)

    931        14,255   

Maabarot Products, Ltd.

    3,435        41,643   

Magic Software Enterprises, Ltd.

    9,462        51,483   

Matrix IT, Ltd.

    14,215        83,964   

Mazor Robotics, Ltd. (b)

    14,129        77,453   

Meitav DS Investments, Ltd.

    5,193        12,857   

Melisron, Ltd.

    4,351        162,049   

Menorah Mivtachim Holdings, Ltd.

    11,310        99,037   

Migdal Insurance & Financial Holding, Ltd.

    55,471        50,390   

Mivtach Shamir Holdings, Ltd.

    1,401        28,102   

Naphtha Israel Petroleum Corp., Ltd. (b)

    14,775        77,203   

Neto ME Holdings, Ltd.

    963        54,773   

Nitsba Holdings 1995, Ltd. (b)

    12,152        213,835   

Nova Measuring Instruments, Ltd. (b)

    9,293        89,710   

Oil Refineries, Ltd. (b)

    418,554        153,806   

Partner Communications Co., Ltd. (b)

    21,648        85,886   

Paz Oil Co., Ltd.

    1,481        220,312   

Perion Network, Ltd. (b)

    3,246        6,855   

Phoenix Holdings, Ltd. (The)

    20,176        53,151   

Plasson Industries, Ltd.

    1,729        49,237   

Rami Levi Chain Stores Hashikma Marketing, Ltd.

    1,803        76,902   

Sapiens International Corp. NV

    8,365        93,452   

Shikun & Binui, Ltd.

    73,332        133,331   

Shufersal, Ltd. (b)

    23,137        54,912   

Space Communication, Ltd. (b)

    2,951        37,868   

Strauss Group, Ltd. (b)

    4,554        61,141   

Summit Real Estate Holdings, Ltd. (b)

    2,798        11,401   

Tower Semiconductor, Ltd. (b)

    12,319        158,652   

Tower Semiconductor, Ltd. (U.S. Listed Shares) (a) (b)

    1,303        16,770   

Union Bank of Israel (b)

    7,545        27,530   
   

 

 

 
      5,967,063   
   

 

 

 

Italy—4.0%

   

A2A S.p.A.

    481,411        598,624   

ACEA S.p.A.

    23,394        316,322   

Aeffe S.p.A. (b)

    11,359        17,425   

Alerion Cleanpower S.p.A.

    5,771        16,872   

Amplifon S.p.A. (a)

    36,377        275,384   

Ansaldo STS S.p.A.

    39,015        413,427   

Arnoldo Mondadori Editore S.p.A. (b)

    63,913        67,197   

Ascopiave S.p.A.

    28,294        65,078   

Astaldi S.p.A. (a)

    20,559        187,711   

Autogrill S.p.A. (b)

    44,414        405,415   

Azimut Holding S.p.A.

    36,857        793,211   

Banca Carige S.p.A. (a) (b)

    156,432        254,006   

Banca Finnat Euramerica S.p.A.

    50,851        28,133   

Banca Generali S.p.A.

    19,591        553,398   

Banca IFIS S.p.A.

    7,714        179,414   

Banca Popolare dell’Emilia Romagna S.c.r.l.

    207,916        1,719,144   

Italy—(Continued)

   

Banca Popolare dell’Etruria e del Lazio SC (a) (b) (c) (d)

    91,952      22,461   

Banca Popolare di Milano Scarl

    1,819,630        1,798,462   

Banca Popolare di Sondrio Scarl

    177,577        815,149   

Banca Profilo S.p.A. (a)

    117,883        34,507   

Banco di Desio e della Brianza S.p.A.

    20,306        68,042   

Banco Popolare SC (b)

    46,132        682,401   

BasicNet S.p.A.

    13,493        53,985   

Biesse S.p.A.

    6,021        91,314   

Brembo S.p.A.

    9,033        350,197   

Brioschi Sviluppo Immobiliare S.p.A. (b)

    34,077        3,231   

Brunello Cucinelli S.p.A. (a)

    8,151        147,889   

Buzzi Unicem S.p.A. (a)

    30,820        516,479   

Cairo Communication S.p.A. (a)

    10,087        48,151   

Caltagirone Editore S.p.A. (b)

    6,273        7,015   

Carraro S.p.A. (b)

    5,504        9,869   

Cementir Holding S.p.A.

    31,117        168,002   

CIR-Compagnie Industriali Riunite S.p.A. (b)

    201,871        202,914   

Credito Emiliano S.p.A.

    44,882        308,861   

Credito Valtellinese SC (b)

    463,264        599,242   

Danieli & C Officine Meccaniche S.p.A.

    4,846        94,523   

Datalogic S.p.A.

    9,916        157,407   

Davide Campari-Milano S.p.A. (a)

    106,679        851,174   

De’Longhi S.p.A.

    16,896        415,535   

DeA Capital S.p.A.

    18,071        28,082   

DiaSorin S.p.A.

    6,863        300,323   

Ei Towers S.p.A.

    7,035        433,141   

El.En. S.p.A.

    1,257        53,441   

Engineering S.p.A.

    2,150        123,686   

ERG S.p.A.

    21,603        302,258   

Esprinet S.p.A.

    18,719        155,042   

Eurotech S.p.A. (b)

    13,076        24,440   

Falck Renewables S.p.A. (a)

    34,815        43,263   

FNM S.p.A.

    55,327        30,810   

Gas Plus S.p.A.

    3,786        16,085   

Geox S.p.A. (a) (b)

    42,620        179,780   

Gruppo Editoriale L’Espresso S.p.A. (a) (b)

    75,580        75,931   

Gruppo MutuiOnline S.p.A.

    5,404        50,171   

Hera S.p.A.

    231,619        601,897   

IMMSI S.p.A. (b)

    100,436        51,728   

Industria Macchine Automatiche S.p.A.

    5,461        244,562   

Intek Group S.p.A. (b)

    80,757        25,290   

Interpump Group S.p.A.

    28,206        376,658   

Iren S.p.A.

    231,134        377,557   

Italcementi S.p.A.

    71,966        797,164   

Italmobiliare S.p.A. (a)

    4,262        181,842   

Juventus Football Club S.p.A. (a) (b)

    147,435        40,399   

La Doria S.p.A.

    3,877        42,221   

Landi Renzo S.p.A. (b)

    5,877        4,981   

Maire Tecnimont S.p.A. (a) (b)

    35,567        98,883   

MARR S.p.A.

    13,428        254,988   

Mediaset S.p.A.

    192,042        885,159   

Moncler S.p.A.

    6,696        120,064   

Nice S.p.A.

    9,890        28,844   

Piaggio & C S.p.A. (a)

    71,430        171,978   

Prelios S.p.A. (a) (b)

    54,976        20,271   

Prima Industrie S.p.A.

    1,853        27,758   

 

MSF-89


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Italy—(Continued)

   

Prysmian S.p.A.

    75,002      $ 1,551,526   

RCS MediaGroup S.p.A. (a) (b)

    79,933        79,934   

Recordati S.p.A.

    33,633        776,792   

Reno de Medici S.p.A. (a) (b)

    29,538        11,247   

Reply S.p.A.

    1,999        219,453   

Retelit S.p.A. (b)

    36,769        22,431   

Sabaf S.p.A.

    3,059        39,881   

SAES Getters S.p.A.

    1,416        11,281   

Safilo Group S.p.A. (a) (b)

    10,142        118,718   

Saipem S.p.A. (b)

    26,310        211,261   

Salini Impregilo S.p.A.

    70,140        267,364   

Salvatore Ferragamo S.p.A. (a)

    16,352        436,692   

Saras S.p.A. (a) (b)

    134,526        286,655   

SAVE S.p.A.

    5,078        71,597   

Snai S.p.A. (b)

    21,135        26,266   

Societa Cattolica di Assicurazioni S.c.r.l.

    63,558        448,627   

Societa Iniziative Autostradali e Servizi S.p.A.

    25,981        292,185   

Sogefi S.p.A. (b)

    24,822        50,894   

SOL S.p.A.

    11,001        87,436   

Tiscali S.p.A. (b)

    802,477        46,766   

Tod’s S.p.A. (a)

    3,954        346,924   

Trevi Finanziaria Industriale S.p.A. (a)

    31,414        39,878   

TXT e-solutions S.p.A.

    1,815        15,425   

Uni Land S.p.A. (b) (c) (d)

    4,937        0   

Unipol Gruppo Finanziario S.p.A.

    126,457        557,219   

Vittoria Assicurazioni S.p.A.

    12,164        133,879   

World Duty Free S.p.A. (b)

    45,085        515,473   

Yoox S.p.A. (a) (b)

    21,692        654,603   

Zignago Vetro S.p.A.

    11,476        71,150   
   

 

 

 
      26,897,825   
   

 

 

 

Japan—23.4%

   

A&A Material Corp. (b)

    12,000        8,810   

A&D Co., Ltd.

    3,000        10,195   

A/S One Corp.

    5,000        153,471   

Accordia Golf Co., Ltd. (a)

    20,600        186,492   

Achilles Corp.

    65,000        80,102   

Adastria Co., Ltd.

    5,120        308,041   

ADEKA Corp.

    35,800        458,182   

Aderans Co., Ltd.

    8,700        69,514   

Advan Co., Ltd.

    11,000        84,852   

Advanex, Inc.

    900        12,181   

Aeon Delight Co., Ltd.

    3,900        113,026   

Aeon Fantasy Co., Ltd. (a)

    3,200        41,725   

Aeon Hokkaido Corp. (a)

    2,600        11,155   

AGORA Hospitality Group Co., Ltd. (b)

    27,000        8,884   

Agro-Kanesho Co., Ltd.

    3,500        29,176   

Ahresty Corp.

    9,200        54,386   

Ai Holdings Corp. (a)

    13,000        321,755   

Aica Kogyo Co., Ltd.

    17,800        357,733   

Aichi Bank, Ltd. (The)

    4,500        258,330   

Aichi Corp.

    10,800        61,085   

Aichi Steel Corp. (a)

    43,000        163,160   

Aichi Tokei Denki Co., Ltd. (a)

    19,000        50,445   

Aida Engineering, Ltd.

    20,700        171,671   

Aigan Co., Ltd. (b)

    8,200        17,479   

Ain Pharmaciez, Inc.

    6,000        306,578   

Japan—(Continued)

   

Aiphone Co., Ltd.

    6,800      101,957   

Airport Facilities Co., Ltd.

    7,500        34,331   

Aisan Industry Co., Ltd.

    10,400        95,800   

Aizawa Securities Co., Ltd.

    13,800        84,042   

Akebono Brake Industry Co., Ltd. (a)

    32,600        103,731   

Akita Bank, Ltd. (The)

    86,000        276,234   

Alconix Corp. (a)

    3,200        41,073   

Alinco, Inc.

    5,800        52,437   

Allied Telesis Holdings KK (b)

    17,200        8,965   

Alpen Co., Ltd. (a)

    7,000        111,964   

Alpha Corp.

    2,200        21,673   

Alpha Systems, Inc.

    3,940        60,865   

Alpine Electronics, Inc.

    16,600        182,419   

Alps Logistics Co., Ltd.

    4,100        46,581   

Altech Corp.

    2,600        47,343   

Amano Corp.

    21,000        243,470   

Amiyaki Tei Co., Ltd.

    1,100        43,225   

Amuse, Inc.

    1,800        78,404   

Anabuki Kosan, Inc.

    4,000        7,846   

Anest Iwata Corp.

    12,500        81,960   

Anritsu Corp. (a)

    48,800        297,187   

AOI Electronic Co., Ltd.

    1,100        31,778   

AOI Pro, Inc. (a)

    4,700        34,586   

AOKI Holdings, Inc.

    17,700        215,814   

Aomori Bank, Ltd. (The)

    94,000        304,097   

Aoyama Trading Co., Ltd.

    17,900        634,017   

Arakawa Chemical Industries, Ltd. (a)

    7,200        66,590   

Arata Corp.

    4,600        106,358   

Araya Industrial Co., Ltd.

    26,000        29,896   

Arcland Sakamoto Co., Ltd.

    6,400        138,320   

Arcs Co., Ltd.

    13,364        252,596   

Argo Graphics, Inc.

    2,800        40,715   

Ariake Japan Co., Ltd. (a)

    5,700        224,063   

Arisawa Manufacturing Co., Ltd. (a)

    14,300        84,987   

Arrk Corp. (b)

    22,600        20,224   

Artnature, Inc.

    5,000        50,384   

Asahi Broadcasting Corp.

    2,400        15,731   

Asahi Co., Ltd.

    6,100        66,785   

Asahi Diamond Industrial Co., Ltd. (a)

    21,200        192,483   

Asahi Holdings, Inc.

    9,000        135,357   

Asahi Intecc Co., Ltd.

    7,800        281,702   

Asahi Kogyosha Co., Ltd. (a)

    16,000        54,796   

Asahi Net, Inc.

    5,000        21,606   

Asahi Organic Chemicals Industry Co., Ltd. (a)

    34,000        62,559   

Asahi Printing Co., Ltd.

    200        3,528   

Asahipen Corp.

    4,000        5,677   

Asanuma Corp.

    29,000        80,612   

Asatsu-DK, Inc.

    13,300        299,715   

Asax Co., Ltd.

    1,800        22,060   

Ashimori Industry Co., Ltd.

    24,000        36,736   

Asia Growth Capital, Ltd. (a) (b)

    21,000        27,182   

ASKA Pharmaceutical Co., Ltd.

    9,700        105,905   

ASKUL Corp. (a)

    6,300        239,810   

Asunaro Aoki Construction Co., Ltd.

    8,000        49,547   

Atom Corp. (a)

    11,100        60,400   

Atsugi Co., Ltd.

    88,000        79,605   

Autobacs Seven Co., Ltd. (a)

    22,700        377,513   

 

MSF-90


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Avex Group Holdings, Inc. (a)

    12,000      $ 136,659   

Awa Bank, Ltd. (The)

    82,000        474,160   

Axell Corp.

    3,800        45,886   

Axial Retailing, Inc.

    6,200        204,436   

Azbil Corp.

    4,300        108,751   

Bando Chemical Industries, Ltd.

    39,000        151,783   

Bank of Iwate, Ltd. (The) (a)

    7,200        327,103   

Bank of Kochi, Ltd. (The) (a)

    16,000        18,381   

Bank of Nagoya, Ltd. (The) (a)

    78,000        300,384   

Bank of Okinawa, Ltd. (The)

    8,800        363,488   

Bank of Saga, Ltd. (The)

    67,000        153,354   

Bank of the Ryukyus, Ltd.

    15,800        233,022   

Belc Co., Ltd.

    2,800        96,164   

Belluna Co., Ltd.

    21,900        120,687   

Benefit One, Inc. (a)

    6,500        110,822   

Best Denki Co., Ltd. (a)

    40,000        41,405   

Bic Camera, Inc. (a)

    23,500        204,449   

Biofermin Pharmaceutical Co., Ltd.

    500        14,006   

Bit-isle, Inc. (a)

    6,600        50,165   

BML, Inc.

    4,000        111,721   

Bookoff Corp.

    4,700        35,470   

BP Castrol KK

    2,600        25,917   

Broadleaf Co., Ltd.

    5,100        52,017   

BRONCO BILLY Co., Ltd.

    2,400        50,431   

Bull-Dog Sauce Co., Ltd.

    6,000        11,385   

Bunka Shutter Co., Ltd.

    19,000        136,944   

C Uyemura & Co., Ltd.

    2,800        136,374   

CAC Holdings Corp. (a)

    6,200        48,224   

Calsonic Kansei Corp.

    55,000        414,912   

Can Do Co., Ltd. (a)

    3,500        44,572   

Canare Electric Co., Ltd. (a)

    800        12,980   

Canon Electronics, Inc.

    7,400        119,946   

Capcom Co., Ltd. (a)

    16,500        325,876   

Carlit Holdings Co., Ltd.

    7,300        29,598   

Cawachi, Ltd.

    5,700        93,768   

Central Glass Co., Ltd.

    75,000        329,652   

Central Security Patrols Co., Ltd.

    3,300        40,333   

Central Sports Co., Ltd.

    3,200        61,860   

Chiba Kogyo Bank, Ltd. (The)

    16,000        89,390   

CHIMNEY Co., Ltd.

    1,400        32,129   

Chino Corp.

    4,000        35,307   

Chiyoda Co., Ltd. (a)

    10,000        321,680   

Chiyoda Integre Co., Ltd.

    5,300        113,884   

Chofu Seisakusho Co., Ltd. (a)

    5,700        111,751   

Chori Co., Ltd.

    5,000        72,995   

Chubu Shiryo Co., Ltd. (a)

    10,400        91,474   

Chudenko Corp. (a)

    8,600        167,686   

Chuetsu Pulp & Paper Co., Ltd. (a)

    35,000        54,995   

Chugai Mining Co., Ltd. (b)

    68,200        13,714   

Chugai Ro Co., Ltd. (a)

    36,000        66,520   

Chugoku Marine Paints, Ltd.

    22,000        139,915   

Chukyo Bank, Ltd. (The)

    64,000        131,675   

Chuo Gyorui Co., Ltd.

    2,000        4,361   

Chuo Spring Co., Ltd.

    19,000        45,123   

CKD Corp.

    22,400        185,453   

Clarion Co., Ltd. (a)

    46,000        145,951   

Cleanup Corp.

    9,700        71,451   

Japan—(Continued)

   

CMIC Holdings Co., Ltd. (a)

    3,900      55,564   

CMK Corp. (a)

    24,300        44,915   

Coca-Cola West Co., Ltd.

    10,000        195,083   

Cocokara fine, Inc.

    7,100        263,388   

Colowide Co., Ltd. (a)

    18,400        258,987   

Computer Engineering & Consulting, Ltd.

    5,900        46,207   

Computer Institute of Japan, Ltd.

    2,000        8,240   

COMSYS Holdings Corp. (a)

    3,700        44,195   

CONEXIO Corp.

    8,400        81,389   

COOKPAD, Inc. (a)

    12,600        267,528   

Corona Corp. (a)

    8,500        77,321   

Cosel Co., Ltd.

    9,900        96,327   

Cosmo Oil Co., Ltd. (b) (c)

    218,000        298,020   

Cosmos Initia Co., Ltd. (a) (b)

    3,500        13,282   

Create Medic Co., Ltd. (a)

    1,800        13,872   

CREATE SD HOLDINGS Co., Ltd.

    4,200        232,025   

Cresco, Ltd.

    2,000        28,444   

CROOZ, Inc. (a)

    1,400        48,286   

Cross Plus, Inc.

    1,100        6,330   

CTI Engineering Co., Ltd.

    5,900        59,932   

Cybernet Systems Co., Ltd.

    3,900        13,072   

DA Consortium, Inc.

    7,600        26,689   

Dai Nippon Toryo Co., Ltd.

    53,000        71,370   

Dai-Dan Co., Ltd.

    14,000        94,675   

Dai-ichi Seiko Co., Ltd. (a)

    4,000        49,352   

Daibiru Corp.

    19,800        154,470   

Daido Kogyo Co., Ltd.

    10,000        16,578   

Daido Metal Co., Ltd.

    11,200        93,522   

Daidoh, Ltd. (a)

    13,700        55,841   

Daifuku Co., Ltd. (a)

    28,800        396,512   

Daihatsu Diesel Manufacturing Co., Ltd.

    9,000        56,603   

Daihen Corp.

    40,000        190,346   

Daiho Corp.

    25,000        105,447   

Daiichi Jitsugyo Co., Ltd. (a)

    20,000        96,537   

Daiichi Kigenso Kagaku-Kogyo Co., Ltd.

    1,000        40,866   

Daiichikosho Co., Ltd.

    6,100        216,672   

Daiken Corp.

    24,000        72,955   

Daiken Medical Co., Ltd. (a)

    4,400        36,490   

Daiki Aluminium Industry Co., Ltd.

    9,000        23,686   

Daikoku Denki Co., Ltd.

    2,700        36,464   

Daikokutenbussan Co., Ltd.

    1,900        65,566   

Daikyo, Inc. (a)

    134,000        227,847   

Dainichi Co., Ltd.

    4,100        24,571   

Dainichiseika Color & Chemicals Manufacturing Co., Ltd.

    31,000        132,387   

Daio Paper Corp. (a)

    30,000        248,341   

Daisan Bank, Ltd. (The)

    92,000        137,626   

Daiseki Co., Ltd.

    14,800        253,175   

Daiseki Eco. Solution Co., Ltd.

    2,000        20,778   

Daishi Bank, Ltd. (The)

    143,000        674,618   

Daishinku Corp. (b)

    18,000        35,034   

Daiso Co., Ltd.

    30,000        103,389   

Daisue Construction Co., Ltd.

    2,300        14,361   

Daisyo Corp. (a)

    5,100        59,732   

Daito Bank, Ltd. (The)

    59,000        80,375   

Daito Electron Co., Ltd.

    800        5,769   

Daito Pharmaceutical Co., Ltd.

    3,960        88,795   

 

MSF-91


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Daiwa Industries, Ltd.

    11,000      $ 75,525   

Daiwabo Holdings Co., Ltd.

    84,000        147,539   

DC Co., Ltd.

    9,700        30,062   

DCM Holdings Co., Ltd.

    37,900        278,511   

Denki Kagaku Kogyo KK

    24,000        94,902   

Denki Kogyo Co., Ltd.

    21,000        95,168   

Denyo Co., Ltd.

    4,800        76,517   

Descente, Ltd.

    14,700        208,884   

DKK-Toa Corp. (a)

    2,200        8,472   

DKS Co., Ltd.

    18,000        52,452   

DMG Mori Co., Ltd.

    23,500        300,243   

DMW Corp.

    700        10,620   

Doshisha Co., Ltd. (a)

    8,200        150,617   

Doutor Nichires Holdings Co., Ltd. (a)

    11,500        176,684   

Dr Ci:Labo Co., Ltd. (a)

    8,400        158,596   

Dream Incubator, Inc.

    1,600        26,786   

DSB Co., Ltd.

    5,300        47,982   

DTS Corp.

    7,300        172,859   

Dunlop Sports Co., Ltd.

    4,900        46,121   

Duskin Co., Ltd. (a)

    14,900        270,892   

Dydo Drinco, Inc.

    2,700        115,161   

Dynic Corp.

    16,000        21,362   

Eagle Industry Co., Ltd.

    7,800        139,819   

Earth Chemical Co., Ltd.

    2,700        103,018   

Ebara Jitsugyo Co., Ltd.

    3,500        41,142   

EDION Corp. (a)

    34,100        234,505   

Ehime Bank, Ltd. (The) (a)

    76,000        157,749   

Eidai Co., Ltd.

    14,000        48,090   

Eighteenth Bank, Ltd. (The)

    70,000        217,029   

Eiken Chemical Co., Ltd.

    5,800        99,328   

Eizo Corp.

    6,300        147,365   

Elecom Co., Ltd.

    6,200        71,438   

Elematec Corp.

    4,000        90,632   

EM Systems Co., Ltd.

    900        16,943   

en-japan, Inc.

    3,400        90,947   

Endo Lighting Corp.

    2,600        26,970   

Enplas Corp. (a)

    3,400        118,084   

Enshu, Ltd. (b)

    23,000        17,388   

EPS Holdings, Inc.

    10,300        100,803   

ESPEC Corp. (a)

    9,100        88,658   

Excel Co., Ltd. (a)

    2,500        31,570   

Exedy Corp. (a)

    12,400        276,088   

F-Tech, Inc. (a)

    3,600        31,035   

F@N Communications, Inc. (a)

    9,600        63,391   

Faith, Inc. (a)

    2,680        31,982   

FALCO SD HOLDINGS Co., Ltd.

    3,100        38,864   

Fancl Corp. (a)

    12,000        172,668   

FCC Co., Ltd. (a)

    12,600        202,653   

FDK Corp. (b)

    25,000        20,981   

Feed One Holdings Co., Ltd. (a)

    65,080        78,591   

Ferrotec Corp.

    12,700        110,336   

FIDEA Holdings Co., Ltd.

    62,510        125,040   

Fields Corp.

    6,000        82,087   

Financial Products Group Co., Ltd. (a)

    20,000        145,043   

FINDEX, Inc. (a)

    3,900        29,003   

First Juken Co., Ltd.

    3,400        38,093   

Foster Electric Co., Ltd.

    8,800        177,578   

Japan—(Continued)

   

FP Corp. (a)

    7,200      266,976   

France Bed Holdings Co., Ltd.

    13,000        92,353   

Freund Corp.

    1,200        11,419   

FTGroup Co., Ltd.

    1,500        8,087   

Fudo Tetra Corp. (a)

    60,300        80,772   

Fuji Co., Ltd.

    7,300        175,076   

Fuji Corp., Ltd. (a)

    8,600        48,424   

Fuji Kiko Co., Ltd.

    7,600        30,181   

Fuji Kosan Co., Ltd.

    4,600        18,704   

Fuji Kyuko Co., Ltd.

    13,000        122,031   

Fuji Oil Co., Ltd.

    24,000        312,451   

Fuji Oil Co., Ltd.

    21,100        61,812   

Fuji Pharma Co., Ltd.

    2,800        47,057   

Fuji Seal International, Inc. (a)

    7,900        228,201   

Fuji Soft, Inc.

    7,300        128,230   

Fujibo Holdings, Inc.

    37,000        69,413   

Fujicco Co., Ltd.

    9,000        182,939   

Fujikura Kasei Co., Ltd.

    9,500        42,319   

Fujikura Rubber, Ltd.

    5,800        25,791   

Fujikura, Ltd.

    115,000        477,548   

Fujimi, Inc.

    7,000        94,942   

Fujimori Kogyo Co., Ltd.

    4,800        118,513   

Fujisash Co., Ltd. (a) (b)

    24,500        24,506   

Fujishoji Co., Ltd.

    1,300        14,064   

Fujita Kanko, Inc. (a)

    8,000        27,587   

Fujitec Co., Ltd. (a)

    24,700        215,789   

Fujitsu Frontech, Ltd. (a)

    4,500        58,279   

Fujitsu General, Ltd.

    19,000        207,282   

Fujiya Co., Ltd. (b)

    5,000        7,970   

FuKoKu Co., Ltd.

    5,100        41,157   

Fukuda Corp.

    11,000        104,795   

Fukui Bank, Ltd. (The)

    109,000        224,803   

Fukushima Bank, Ltd. (The)

    112,000        84,222   

Fukushima Industries Corp.

    4,600        93,396   

Fukuyama Transporting Co., Ltd. (a)

    53,000        285,712   

FULLCAST Holdings Co., Ltd.

    4,300        28,816   

Fumakilla, Ltd.

    8,000        29,348   

Funai Electric Co., Ltd. (a)

    7,900        73,271   

Funai Soken Holdings, Inc.

    7,800        111,751   

Furukawa Battery Co., Ltd. (a)

    5,000        30,116   

Furukawa Co., Ltd. (a)

    105,000        222,804   

Furukawa Electric Co., Ltd.

    275,000        433,425   

Furuno Electric Co., Ltd. (a)

    10,500        69,781   

Furusato Industries, Ltd.

    4,600        74,436   

Furuya Metal Co., Ltd.

    1,700        29,467   

Fuso Chemical Co., Ltd.

    4,000        43,385   

Fuso Pharmaceutical Industries, Ltd.

    31,000        71,133   

Futaba Corp.

    10,200        132,530   

Futaba Industrial Co., Ltd. (a)

    23,600        85,346   

Future Architect, Inc.

    9,800        55,683   

Fuyo General Lease Co., Ltd. (a)

    8,000        308,446   

G-Tekt Corp.

    7,700        88,087   

Gakken Holdings Co., Ltd.

    28,000        54,234   

GCA Savvian Corp.

    4,900        61,625   

Gecoss Corp.

    6,400        55,357   

Genki Sushi Co., Ltd.

    2,300        37,391   

Genky Stores, Inc. (a)

    1,200        58,392   

 

MSF-92


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Geo Holdings Corp. (a)

    14,400      $ 230,294   

GLOBERIDE, Inc.

    3,500        41,269   

Glory, Ltd.

    9,500        224,866   

GMO internet, Inc.

    22,900        297,708   

GMO Payment Gateway, Inc.

    5,200        201,864   

Godo Steel, Ltd.

    50,000        78,031   

Goldcrest Co., Ltd.

    8,930        166,696   

Goldwin, Inc.

    2,400        107,972   

Gourmet Kineya Co., Ltd.

    8,000        62,049   

Grandy House Corp.

    3,600        11,058   

Gree, Inc. (a)

    26,400        118,599   

GSI Creos Corp.

    28,000        25,306   

Gulliver International Co., Ltd. (a)

    20,400        187,876   

Gun-Ei Chemical Industry Co., Ltd.

    24,000        55,334   

Gunze, Ltd.

    69,000        209,145   

Gurunavi, Inc. (a)

    9,500        157,337   

H-One Co., Ltd.

    6,000        31,824   

Hagihara Industries, Inc.

    2,900        46,842   

Hakudo Co., Ltd.

    500        5,329   

Hakuto Co., Ltd.

    7,100        74,865   

Hakuyosha Co., Ltd. (a)

    8,000        17,576   

Hamakyorex Co., Ltd.

    5,600        101,272   

Hanwa Co., Ltd.

    84,000        309,943   

Happinet Corp.

    5,000        48,908   

Hard Off Corp. Co., Ltd.

    4,900        64,623   

Harima Chemicals Group, Inc.

    7,100        26,723   

Harmonic Drive Systems, Inc. (a)

    6,600        94,862   

Haruyama Trading Co., Ltd.

    5,400        32,030   

Hazama Ando Corp.

    54,490        349,095   

Heiwa Corp.

    200        3,441   

Heiwa Real Estate Co., Ltd.

    16,900        181,442   

Heiwado Co., Ltd.

    11,200        246,759   

HI-LEX Corp.

    7,700        226,513   

Hibiya Engineering, Ltd.

    8,700        97,141   

Hiday Hidaka Corp.

    3,866        98,279   

Higashi Nihon House Co., Ltd. (a)

    15,000        63,619   

Higashi-Nippon Bank, Ltd. (The)

    68,000        223,015   

Higo Bank, Ltd. (The) (a) (c)

    83,000        607,461   

Himaraya Co., Ltd.

    2,600        22,067   

Hioki EE Corp.

    2,300        40,803   

Hiramatsu, Inc.

    8,300        44,119   

Hirano Tecseed Co., Ltd.

    500        3,334   

Hisaka Works, Ltd.

    11,000        82,540   

Hitachi Koki Co., Ltd. (b)

    21,200        147,933   

Hitachi Kokusai Electric, Inc.

    18,000        190,952   

Hitachi Transport System, Ltd.

    10,800        178,628   

Hitachi Zosen Corp. (a)

    61,600        320,476   

Hochiki Corp. (a)

    10,000        95,631   

Hodogaya Chemical Co., Ltd.

    28,000        37,181   

Hogy Medical Co., Ltd. (a)

    5,300        242,892   

Hokkaido Electric Power Co., Inc. (a) (b)

    16,900        164,902   

Hokkaido Gas Co., Ltd.

    27,000        62,394   

Hokkan Holdings, Ltd.

    25,000        58,946   

Hokko Chemical Industry Co., Ltd.

    8,000        28,841   

Hokkoku Bank, Ltd. (The)

    109,000        443,321   

Hokuetsu Bank, Ltd. (The)

    96,000        196,053   

Hokuetsu Industries Co., Ltd. (a)

    7,000        45,766   

Japan—(Continued)

   

Hokuetsu Kishu Paper Co., Ltd. (a)

    58,300      317,403   

Hokuriku Electric Industry Co., Ltd. (a)

    28,000        32,595   

Hokuriku Electrical Construction Co., Ltd.

    3,000        25,360   

Hokuriku Gas Co., Ltd.

    10,000        23,102   

Hokuto Corp.

    8,000        144,888   

Honeys Co., Ltd.

    6,930        58,486   

Hoosiers Holdings Co., Ltd. (a)

    12,700        47,409   

Horiba, Ltd. (a)

    12,200        446,418   

Hosiden Corp. (a)

    20,000        106,256   

Hosokawa Micron Corp.

    11,000        52,871   

House Foods Group, Inc. (a)

    3,300        56,063   

Howa Machinery, Ltd.

    5,700        32,521   

Hurxley Corp.

    800        8,644   

Hyakugo Bank, Ltd. (The)

    94,000        454,535   

Hyakujushi Bank, Ltd. (The)

    107,000        386,975   

I-Net Corp.

    3,200        33,466   

Ibiden Co., Ltd.

    100        1,316   

IBJ Leasing Co., Ltd. (a)

    7,200        140,732   

Ichibanya Co., Ltd. (a)

    2,400        109,274   

Ichiken Co., Ltd.

    12,000        42,256   

Ichikoh Industries, Ltd.

    16,000        25,741   

ICHINEN HOLDINGS Co., Ltd. (a)

    7,400        64,087   

Ichiyoshi Securities Co., Ltd. (a)

    12,600        109,637   

Icom, Inc.

    3,800        78,972   

Idec Corp.

    11,300        87,474   

Ihara Chemical Industry Co., Ltd. (a)

    15,900        164,911   

Iino Kaiun Kaisha, Ltd. (a)

    32,200        146,297   

IJT Technology Holdings Co., Ltd.

    9,000        27,056   

Ikegami Tsushinki Co., Ltd. (a)

    30,000        33,921   

Ikyu Corp. (a)

    5,500        120,574   

Imagica Robot Holdings, Inc. (a)

    4,500        17,232   

Imasen Electric Industrial

    7,200        62,064   

Imperial Hotel, Ltd.

    1,300        26,324   

Inaba Denki Sangyo Co., Ltd.

    8,100        245,496   

Inaba Seisakusho Co., Ltd.

    2,100        21,702   

Inabata & Co., Ltd.

    17,700        185,370   

Inageya Co., Ltd.

    12,200        124,477   

Ines Corp.

    13,900        126,469   

Infocom Corp.

    4,000        35,484   

Information Services International-Dentsu, Ltd.

    6,000        83,195   

Innotech Corp.

    10,300        39,041   

Intage Holdings, Inc.

    7,600        108,428   

Internet Initiative Japan, Inc.

    9,800        176,061   

Inui Global Logistics Co., Ltd.

    5,355        36,514   

Iriso Electronics Co., Ltd. (a)

    2,900        126,757   

Ise Chemical Corp.

    8,000        40,250   

Iseki & Co., Ltd. (a)

    84,000        121,616   

Ishihara Sangyo Kaisha, Ltd. (b)

    122,000        105,922   

Ishii Iron Works Co., Ltd.

    9,000        14,024   

Ishizuka Glass Co., Ltd. (b)

    5,000        8,592   

IT Holdings Corp.

    30,500        692,527   

Itfor, Inc. (a)

    10,300        41,702   

Ito En, Ltd. (a)

    8,500        178,275   

Itochu Enex Co., Ltd.

    19,400        147,339   

Itochu-Shokuhin Co., Ltd.

    2,400        79,039   

Itoham Foods, Inc.

    56,000        304,973   

Itoki Corp.

    17,500        111,321   

 

MSF-93


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

IwaiCosmo Holdings, Inc.

    7,900      $ 89,969   

Iwaki & Co., Ltd.

    14,000        26,906   

Iwasaki Electric Co., Ltd.

    25,000        50,245   

Iwatani Corp. (a)

    58,000        330,748   

Iwatsuka Confectionery Co., Ltd.

    500        22,671   

Izutsuya Co., Ltd. (b)

    47,000        25,680   

J-Oil Mills, Inc.

    40,000        115,190   

Jalux, Inc. (a)

    2,400        45,569   

Jamco Corp.

    3,400        131,803   

Janome Sewing Machine Co., Ltd. (a) (b)

    7,100        49,294   

Japan Aviation Electronics Industry, Ltd.

    7,000        105,258   

Japan Communications, Inc. (a) (b)

    42,100        111,089   

Japan Digital Laboratory Co., Ltd.

    8,200        113,254   

Japan Display, Inc. (b)

    26,600        76,687   

Japan Drilling Co., Ltd. (a)

    2,100        45,007   

Japan Foundation Engineering Co., Ltd.

    14,100        68,171   

Japan Medical Dynamic Marketing, Inc. (a)

    3,000        15,548   

Japan Oil Transportation Co., Ltd.

    1,000        1,890   

Japan Pulp & Paper Co., Ltd.

    46,000        124,014   

Japan Radio Co., Ltd.

    20,000        65,042   

Japan Steel Works, Ltd. (The) (a)

    119,000        378,271   

Japan Transcity Corp.

    29,000        98,919   

Japan Wool Textile Co., Ltd. (The) (a)

    25,000        210,717   

Jastec Co., Ltd.

    5,100        44,238   

JBCC Holdings, Inc.

    7,000        43,142   

JCU Corp. (a)

    1,600        53,439   

Jeol, Ltd. (a)

    26,000        149,214   

Jimoto Holdings, Inc.

    67,900        117,106   

Jin Co., Ltd. (a)

    4,500        212,162   

JK Holdings Co., Ltd.

    5,600        21,960   

JMS Co., Ltd.

    15,000        34,828   

Joban Kosan Co., Ltd. (a)

    17,000        21,426   

Joshin Denki Co., Ltd.

    23,000        179,262   

Jowa Holdings Co., Ltd. (a)

    3,800        160,277   

JP-Holdings, Inc. (a)

    17,900        51,815   

JSP Corp.

    5,100        79,923   

Juki Corp. (a)

    11,200        120,277   

Juroku Bank, Ltd. (The)

    131,000        575,201   

Justsystems Corp.

    9,700        72,095   

JVC Kenwood Corp.

    53,300        119,695   

K&O Energy Group, Inc.

    6,700        81,716   

K’s Holdings Corp. (a)

    4,800        151,127   

kabu.com Securities Co., Ltd.

    56,200        183,089   

Kadokawa Dwango (a) (b)

    12,508        166,629   

Kaga Electronics Co., Ltd.

    7,200        92,036   

Kagome Co., Ltd. (a)

    1,400        22,520   

Kagoshima Bank, Ltd. (The) (a) (c)

    60,000        482,641   

Kakiyasu Honten Co., Ltd. (a)

    4,600        71,206   

Kameda Seika Co., Ltd.

    4,400        184,324   

Kamei Corp.

    13,900        130,999   

Kanaden Corp.

    9,700        72,502   

Kanagawa Chuo Kotsu Co., Ltd.

    18,000        99,707   

Kanamoto Co., Ltd. (a)

    8,800        158,419   

Kandenko Co., Ltd. (a)

    41,000        265,789   

Kanematsu Corp.

    149,000        209,666   

Kanematsu Electronics, Ltd.

    4,300        62,852   

Kanemi Co., Ltd.

    100        2,719   

Japan—(Continued)

   

Kansai Urban Banking Corp.

    11,000      127,843   

Kanto Denka Kogyo Co., Ltd.

    15,000        96,099   

Kasai Kogyo Co., Ltd. (a)

    8,600        96,360   

Katakura Chikkarin Co., Ltd.

    8,000        16,887   

Katakura Industries Co., Ltd. (a)

    11,500        123,247   

Kato Sangyo Co., Ltd.

    7,100        154,152   

Kato Works Co., Ltd. (a)

    19,000        76,847   

Kawada Technologies, Inc. (a)

    1,500        53,205   

Kawai Musical Instruments Manufacturing Co., Ltd.

    2,600        44,703   

Kawasaki Kinkai Kisen Kaisha, Ltd.

    7,000        19,153   

Kawasaki Kisen Kaisha, Ltd. (a)

    102,000        224,823   

Kawasumi Laboratories, Inc.

    4,900        34,571   

Keihanshin Building Co., Ltd.

    14,500        82,958   

Keihin Co. Ltd/Minato-Ku Tokyo Japan

    23,000        33,897   

Keihin Corp.

    17,200        244,421   

Keiyo Bank, Ltd. (The)

    113,000        603,468   

Keiyo Co., Ltd. (a)

    17,200        73,708   

Kenko Mayonnaise Co., Ltd.

    3,600        46,857   

KEY Coffee, Inc. (a)

    7,600        129,062   

KFC Holdings Japan, Ltd.

    4,000        75,249   

Kimoto Co., Ltd. (a)

    14,900        31,941   

Kimura Chemical Plants Co., Ltd.

    3,300        13,333   

King Jim Co., Ltd.

    5,800        39,534   

Kinki Sharyo Co., Ltd. (a) (b)

    12,000        35,696   

Kintetsu Department Store Co., Ltd. (a) (b)

    19,000        50,148   

Kintetsu World Express, Inc.

    10,800        191,346   

Kinugawa Rubber Industrial Co., Ltd.

    20,000        99,725   

Kissei Pharmaceutical Co., Ltd.

    8,100        185,634   

Kita-Nippon Bank, Ltd. (The)

    4,000        110,056   

Kitagawa Iron Works Co., Ltd.

    31,000        70,771   

Kitamura Co., Ltd.

    3,700        23,201   

Kitano Construction Corp.

    22,000        58,136   

Kito Corp.

    8,200        61,214   

Kitz Corp.

    39,200        174,821   

Kiyo Bank, Ltd. (The)

    33,500        538,658   

KLab, Inc. (a) (b)

    10,600        103,092   

KNT-CT Holdings Co., Ltd. (b)

    33,000        67,663   

Koa Corp.

    13,800        120,455   

Koatsu Gas Kogyo Co., Ltd.

    13,000        70,581   

Kobe Bussan Co., Ltd. (a)

    1,800        164,186   

Kobe Electric Railway Co., Ltd. (b)

    5,000        14,518   

Kobelco Eco-Solutions Co., Ltd. (a)

    6,000        24,987   

Kohnan Shoji Co., Ltd. (a)

    13,000        164,914   

Kohsoku Corp.

    5,400        39,814   

Koike Sanso Kogyo Co., Ltd.

    7,000        18,922   

Kojima Co., Ltd.

    12,000        30,410   

Kokusai Co., Ltd. (a)

    3,400        45,148   

Kokuyo Co., Ltd.

    33,800        360,653   

KOMAIHALTEC, Inc.

    24,000        41,210   

Komatsu Seiren Co., Ltd. (a)

    16,300        86,514   

Komatsu Wall Industry Co., Ltd. (a)

    2,700        46,199   

Komeri Co., Ltd. (a)

    12,300        266,149   

Komori Corp.

    20,000        206,773   

Konaka Co., Ltd.

    7,300        37,756   

Kondotec, Inc.

    9,400        57,822   

Konishi Co., Ltd.

    6,600        114,294   

 

MSF-94


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Konoike Transport Co., Ltd.

    3,200      $ 39,846   

Kosaido Co., Ltd.

    3,700        12,087   

Koshidaka Holdings Co., Ltd.

    2,500        54,056   

Kotobuki Spirits Co., Ltd. (a)

    2,600        85,945   

Kourakuen Holdings Corp.

    2,900        36,187   

Krosaki Harima Corp.

    24,000        45,259   

KRS Corp.

    2,800        57,134   

KU Holdings Co., Ltd.

    8,000        54,380   

Kumagai Gumi Co., Ltd.

    91,000        285,645   

Kumiai Chemical Industry Co., Ltd.

    7,200        51,230   

Kura Corp. (a)

    3,300        104,890   

Kurabo Industries, Ltd.

    93,000        166,198   

Kureha Corp.

    52,000        187,227   

Kurimoto, Ltd.

    35,000        54,438   

Kuroda Electric Co., Ltd.

    13,800        256,257   

Kusuri No. Aoki Co., Ltd.

    5,200        276,649   

KYB Co., Ltd.

    74,000        196,257   

Kyodo Printing Co., Ltd.

    51,000        140,798   

Kyoei Steel, Ltd. (a)

    6,100        95,997   

Kyokuto Boeki Kaisha, Ltd.

    9,000        16,734   

Kyokuto Kaihatsu Kogyo Co., Ltd.

    11,400        114,340   

Kyokuto Securities Co., Ltd.

    7,600        101,487   

Kyokuyo Co., Ltd. (a)

    35,000        76,866   

KYORIN Holdings, Inc.

    16,100        247,286   

Kyoritsu Maintenance Co., Ltd.

    3,259        210,812   

Kyoritsu Printing Co., Ltd.

    6,800        17,463   

Kyosan Electric Manufacturing Co., Ltd.

    29,000        77,434   

Kyoto Kimono Yuzen Co., Ltd.

    2,200        18,373   

Kyowa Electronics Instruments Co., Ltd.

    8,000        27,749   

Kyowa Exeo Corp.

    32,300        313,069   

Kyowa Leather Cloth Co., Ltd.

    3,300        28,823   

Kyudenko Corp. (a)

    13,000        217,243   

LAC Co., Ltd. (a)

    5,900        70,667   

Land Business Co., Ltd.

    7,100        21,705   

Lasertec Corp.

    6,100        62,406   

LEC, Inc.

    3,400        38,217   

Leopalace21 Corp. (a) (b)

    82,400        386,194   

Life Corp. (a)

    10,400        298,597   

Lifenet Insurance Co. (b)

    5,000        16,404   

Link And Motivation, Inc. (a)

    8,900        9,601   

Lintec Corp.

    17,100        360,534   

Lion Corp. (a)

    47,000        414,372   

Livesense, Inc. (a) (b)

    3,500        12,720   

Look, Inc.

    11,000        16,267   

Macnica Fuji Electronics Holdings, Inc. (b)

    16,350        195,019   

Maeda Corp. (a)

    40,000        292,885   

Maeda Kosen Co., Ltd. (a)

    6,900        54,027   

Maeda Road Construction Co., Ltd.

    21,000        368,452   

Maezawa Kasei Industries Co., Ltd. (a)

    6,800        58,904   

Maezawa Kyuso Industries Co., Ltd.

    5,600        71,675   

Makino Milling Machine Co., Ltd. (a)

    40,000        251,522   

Mamiya-Op Co., Ltd. (a)

    19,000        24,844   

Mandom Corp. (a)

    5,200        170,501   

Mani, Inc.

    5,700        111,032   

Mars Engineering Corp.

    3,600        60,692   

Marubun Corp.

    8,200        59,021   

Marudai Food Co., Ltd.

    52,000        204,930   

Japan—(Continued)

   

Maruei Department Store Co., Ltd. (b)

    8,000      7,156   

Marufuji Sheet Piling Co., Ltd. (a)

    13,000        30,888   

Maruha Nichiro Corp.

    16,700        240,673   

Maruka Machinery Co., Ltd.

    2,900        42,266   

Marusan Securities Co., Ltd. (a)

    24,800        252,150   

Maruwa Co., Ltd.

    3,700        75,988   

Maruyama Manufacturing Co., Inc.

    15,000        23,501   

Maruzen CHI Holdings Co., Ltd. (b)

    15,500        47,143   

Maruzen Showa Unyu Co., Ltd.

    28,000        98,655   

Marvelous, Inc. (a)

    9,500        73,142   

Matsuda Sangyo Co., Ltd.

    7,000        75,723   

Matsui Construction Co., Ltd.

    9,000        45,477   

Matsumotokiyoshi Holdings Co., Ltd.

    10,700        477,139   

Matsuya Foods Co., Ltd.

    3,100        59,707   

Max Co., Ltd.

    17,000        160,288   

Maxvalu Nishinihon Co., Ltd.

    2,400        32,188   

Maxvalu Tokai Co., Ltd. (a)

    5,000        73,736   

MEC Co., Ltd.

    7,300        40,205   

Medical System Network Co., Ltd.

    5,300        29,253   

Megachips Corp. (a)

    7,600        73,277   

Megmilk Snow Brand Co., Ltd. (a)

    15,400        295,326   

Meidensha Corp. (a)

    58,000        172,975   

Meiji Shipping Co., Ltd.

    8,500        37,570   

Meiko Electronics Co., Ltd. (a) (b)

    7,500        14,956   

Meiko Network Japan Co., Ltd.

    7,200        78,982   

Meisei Industrial Co., Ltd.

    17,000        74,652   

Meitec Corp.

    10,300        360,863   

Meito Sangyo Co., Ltd. (a)

    4,500        49,412   

Meito Transportation Co., Ltd. (a) (c)

    2,800        15,906   

Meiwa Corp.

    10,900        33,094   

Meiwa Estate Co., Ltd.

    5,200        22,096   

Melco Holdings, Inc. (a)

    4,500        74,137   

Message Co., Ltd. (a)

    4,400        91,551   

Michinoku Bank, Ltd. (The)

    69,000        119,195   

Micronics Japan Co., Ltd. (a)

    8,600        78,844   

Mie Bank, Ltd. (The)

    43,000        95,820   

Mikuni Corp.

    3,000        11,277   

Milbon Co., Ltd.

    4,360        145,034   

Mimasu Semiconductor Industry Co., Ltd.

    8,200        75,323   

Minato Bank, Ltd. (The)

    63,000        113,111   

Ministop Co., Ltd. (a)

    6,000        136,769   

Miraial Co., Ltd. (a)

    2,900        26,469   

Mirait Holdings Corp.

    24,400        221,669   

Miroku Jyoho Service Co., Ltd.

    7,000        49,865   

Misawa Homes Co., Ltd. (a)

    11,400        69,088   

Mitani Corp. (a)

    9,100        215,880   

Mitani Sekisan Co., Ltd. (a)

    4,100        60,041   

Mito Securities Co., Ltd.

    24,000        78,863   

Mitsuba Corp.

    13,200        177,823   

Mitsubishi Nichiyu Forklift Co., Ltd. (a)

    8,000        31,553   

Mitsubishi Paper Mills, Ltd. (a) (b)

    144,000        93,982   

Mitsubishi Pencil Co., Ltd.

    6,500        308,548   

Mitsubishi Research Institute, Inc.

    2,700        66,590   

Mitsubishi Shokuhin Co., Ltd.

    4,800        109,859   

Mitsubishi Steel Manufacturing Co., Ltd.

    65,000        119,865   

Mitsuboshi Belting, Ltd.

    22,000        168,248   

Mitsui Engineering & Shipbuilding Co., Ltd.

    300,000        434,034   

 

MSF-95


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Mitsui High-Tec, Inc.

    11,600      $ 62,798   

Mitsui Home Co., Ltd.

    14,000        70,042   

Mitsui Matsushima Co., Ltd.

    66,000        64,707   

Mitsui Mining & Smelting Co., Ltd. (a)

    242,000        436,221   

Mitsui Sugar Co., Ltd.

    36,000        150,464   

Mitsui-Soko Holdings Co., Ltd.

    47,000        137,160   

Mitsumi Electric Co., Ltd. (a)

    33,000        183,271   

Mitsumura Printing Co., Ltd.

    5,000        10,201   

Mitsuuroko Group Holdings Co., Ltd.

    12,900        59,636   

Miura Co., Ltd. (a)

    22,500        261,021   

Miyaji Engineering Group, Inc. (a)

    27,000        46,320   

Miyazaki Bank, Ltd. (The)

    73,000        248,601   

Miyoshi Oil & Fat Co., Ltd.

    40,000        43,745   

Mizuno Corp. (a)

    37,000        168,820   

Mochida Pharmaceutical Co., Ltd.

    3,900        226,435   

Modec, Inc. (a)

    3,000        36,662   

Monex Group, Inc. (a)

    73,600        182,345   

Money Partners Group Co., Ltd.

    7,100        21,508   

Monogatari Corp. (The)

    1,700        66,683   

MORESCO Corp.

    2,500        32,928   

Morinaga & Co., Ltd.

    60,000        296,833   

Morinaga Milk Industry Co., Ltd.

    70,000        291,779   

Morita Holdings Corp.

    12,500        115,334   

Morozoff, Ltd.

    13,000        43,652   

Mory Industries, Inc.

    14,000        41,404   

Mr Max Corp. (b)

    10,500        27,172   

MTI, Ltd. (a)

    9,200        63,832   

Murakami Corp.

    3,000        54,727   

Musashi Seimitsu Industry Co., Ltd. (a)

    7,900        138,817   

Musashino Bank, Ltd. (The)

    12,600        454,258   

Mutoh Holdings Co., Ltd.

    9,000        21,507   

NAC Co., Ltd. (a)

    3,600        24,585   

Nachi-Fujikoshi Corp. (a)

    60,000        249,314   

Nafco Co., Ltd.

    1,400        20,118   

Nagaileben Co., Ltd.

    5,600        103,997   

Nagano Bank, Ltd. (The)

    43,000        71,275   

Nagano Keiki Co., Ltd.

    4,200        26,652   

Nagase & Co., Ltd. (a)

    2,600        30,338   

Nagatanien Co., Ltd.

    12,000        106,311   

Nagawa Co., Ltd. (a)

    2,800        84,351   

Nakabayashi Co., Ltd.

    24,000        62,294   

Nakamuraya Co., Ltd.

    19,000        70,190   

Nakanishi, Inc.

    4,100        152,368   

Nakano Corp.

    4,000        23,700   

Nakayama Steel Works, Ltd. (b)

    63,000        39,301   

Nakayamafuku Co., Ltd.

    2,000        13,064   

Namura Shipbuilding Co., Ltd. (a)

    18,956        139,093   

Nanto Bank, Ltd. (The) (a)

    97,000        306,927   

Narasaki Sangyo Co., Ltd.

    4,000        8,795   

Natori Co., Ltd.

    2,600        31,744   

NDS Co., Ltd.

    27,000        65,886   

NEC Capital Solutions, Ltd.

    3,800        51,746   

NEC Networks & System Integration Corp.

    9,100        162,903   

NET One Systems Co., Ltd.

    31,600        179,292   

Neturen Co., Ltd.

    9,800        70,518   

New Japan Chemical Co., Ltd. (a) (b)

    9,900        16,264   

New Japan Radio Co., Ltd. (b)

    6,000        26,802   

Japan—(Continued)

   

Next Co., Ltd.

    17,000      134,625   

Nexyz Corp.

    1,300        9,560   

Nice Holdings, Inc. (a)

    40,000        53,956   

Nichi-iko Pharmaceutical Co., Ltd. (a)

    13,200        348,702   

Nichia Steel Works, Ltd.

    13,000        28,578   

Nichias Corp. (a)

    33,000        198,430   

Nichiban Co., Ltd.

    8,000        39,283   

Nichicon Corp. (a)

    23,900        172,110   

Nichiden Corp.

    3,100        67,765   

Nichiha Corp.

    9,600        133,421   

Nichii Gakkan Co. (a)

    17,500        121,770   

Nichimo Co., Ltd.

    16,000        29,969   

Nichirei Corp.

    95,000        595,689   

Nichireki Co., Ltd.

    9,000        69,971   

Nifco, Inc. (a)

    8,600        295,149   

NIFTY Corp.

    3,400        33,970   

Nihon Chouzai Co., Ltd.

    1,960        78,907   

Nihon Dempa Kogyo Co., Ltd.

    7,600        53,038   

Nihon Eslead Corp.

    2,700        25,712   

Nihon Kagaku Sangyo Co., Ltd.

    3,000        19,887   

Nihon M&A Center, Inc. (a)

    11,700        510,402   

Nihon Nohyaku Co., Ltd. (a)

    14,000        94,604   

Nihon Parkerizing Co., Ltd.

    31,600        259,608   

Nihon Plast Co., Ltd.

    2,500        14,636   

Nihon Tokushu Toryo Co., Ltd.

    2,200        17,459   

Nihon Trim Co., Ltd.

    2,200        82,932   

Nihon Unisys, Ltd. (a)

    18,100        187,511   

Nihon Yamamura Glass Co., Ltd.

    45,000        65,268   

Nikkato Corp.

    300        968   

Nikkiso Co., Ltd. (a)

    21,500        144,403   

Nikko Co., Ltd. (a)

    9,000        29,716   

Nippon Air Conditioning Service Co., Ltd.

    6,000        57,026   

Nippon Beet Sugar Manufacturing Co., Ltd.

    50,000        80,282   

Nippon Carbide Industries Co., Inc.

    23,000        33,375   

Nippon Carbon Co., Ltd. (a)

    39,000        90,827   

Nippon Ceramic Co., Ltd. (a)

    5,200        77,003   

Nippon Chemi-Con Corp.

    59,000        129,844   

Nippon Chemical Industrial Co., Ltd. (a)

    30,000        64,034   

Nippon Chemiphar Co., Ltd.

    8,000        37,643   

Nippon Chutetsukan KK

    2,000        3,068   

Nippon Coke & Engineering Co., Ltd.

    71,000        60,222   

Nippon Concrete Industries Co., Ltd. (a)

    14,000        47,587   

Nippon Denko Co., Ltd. (a)

    56,465        102,023   

Nippon Densetsu Kogyo Co., Ltd.

    14,700        264,207   

Nippon Felt Co., Ltd.

    8,600        35,088   

Nippon Filcon Co., Ltd.

    5,200        21,044   

Nippon Fine Chemical Co., Ltd.

    5,800        37,900   

Nippon Flour Mills Co., Ltd.

    45,000        281,374   

Nippon Gas Co., Ltd. (a)

    11,500        328,474   

Nippon Hume Corp.

    8,200        52,002   

Nippon Kanzai Co., Ltd.

    6,600        99,773   

Nippon Kasei Chemical Co., Ltd.

    18,000        18,713   

Nippon Kayaku Co., Ltd. (a)

    13,000        135,383   

Nippon Kinzoku Co., Ltd. (a) (b)

    19,000        20,831   

Nippon Kodoshi Corp.

    1,600        13,577   

Nippon Koei Co., Ltd. (a)

    31,000        128,521   

Nippon Konpo Unyu Soko Co., Ltd.

    22,600        400,959   

 

MSF-96


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Nippon Koshuha Steel Co., Ltd.

    31,000      $ 25,332   

Nippon Light Metal Holdings Co., Ltd. (a)

    198,000        297,024   

Nippon Parking Development Co., Ltd. (a)

    75,700        80,838   

Nippon Pillar Packing Co., Ltd.

    9,600        81,218   

Nippon Piston Ring Co., Ltd.

    3,200        47,532   

Nippon Rietec Co., Ltd.

    7,000        49,216   

Nippon Road Co., Ltd. (The)

    27,000        135,454   

Nippon Seiki Co., Ltd.

    15,000        292,247   

Nippon Seiro Co., Ltd.

    2,000        3,987   

Nippon Seisen Co., Ltd. (a)

    10,000        40,550   

Nippon Sharyo, Ltd. (a) (b)

    26,000        62,604   

Nippon Sheet Glass Co., Ltd. (a) (b)

    330,000        281,086   

Nippon Signal Co., Ltd.

    20,700        200,386   

Nippon Soda Co., Ltd.

    50,000        285,716   

Nippon Steel & Sumikin Bussan Corp. (a)

    51,960        154,335   

Nippon Suisan Kaisha, Ltd.

    82,900        247,943   

Nippon Synthetic Chemical Industry Co., Ltd. (The)

    18,000        112,796   

Nippon Systemware Co., Ltd.

    1,300        9,877   

Nippon Thompson Co., Ltd.

    27,000        111,899   

Nippon Valqua Industries, Ltd.

    30,000        72,518   

Nippon Yakin Kogyo Co., Ltd. (a) (b)

    54,000        68,331   

Nipro Corp.

    38,800        400,097   

Nishi-Nippon Railroad Co., Ltd. (a)

    47,000        231,033   

Nishikawa Rubber Co., Ltd.

    1,200        17,581   

Nishimatsu Construction Co., Ltd. (a)

    104,000        432,182   

Nishimatsuya Chain Co., Ltd.

    16,100        149,809   

Nishio Rent All Co., Ltd.

    4,400        86,775   

Nissan Tokyo Sales Holdings Co., Ltd.

    11,000        28,221   

Nissei ASB Machine Co., Ltd. (a)

    2,100        41,674   

Nissei Build Kogyo Co., Ltd.

    22,000        68,574   

Nissei Corp.

    3,700        29,833   

Nissei Plastic Industrial Co., Ltd.

    7,100        57,529   

Nissha Printing Co., Ltd. (a)

    8,700        166,005   

Nisshin Fudosan Co. (a)

    15,200        48,007   

Nisshin Oillio Group, Ltd. (The)

    51,000        185,157   

Nisshin Steel Co., Ltd. (a)

    35,596        319,708   

Nisshinbo Holdings, Inc.

    47,000        531,384   

Nissin Corp.

    30,000        87,080   

Nissin Electric Co., Ltd.

    18,000        111,325   

Nissin Kogyo Co., Ltd.

    16,400        246,499   

Nissui Pharmaceutical Co., Ltd.

    6,000        65,494   

Nitta Corp.

    6,800        164,214   

Nitta Gelatin, Inc.

    4,500        28,554   

Nittan Valve Co., Ltd.

    6,300        21,813   

Nittetsu Mining Co., Ltd.

    25,000        99,787   

Nitto Boseki Co., Ltd. (a)

    49,000        147,134   

Nitto FC Co., Ltd.

    4,500        32,542   

Nitto Fuji Flour Milling Co., Ltd.

    4,000        10,866   

Nitto Kogyo Corp.

    9,000        158,216   

Nitto Kohki Co., Ltd.

    4,700        90,478   

Nitto Seiko Co., Ltd.

    15,000        35,182   

Nittoc Construction Co., Ltd. (a)

    13,550        61,991   

Nittoku Engineering Co., Ltd. (a)

    5,200        50,681   

NJS Co., Ltd.

    3,300        38,005   

Noevir Holdings Co., Ltd.

    4,800        104,057   

NOF Corp.

    52,000        358,257   

Japan—(Continued)

   

Nohmi Bosai, Ltd.

    7,000      76,066   

Nojima Corp. (a)

    4,200        46,561   

Nomura Co., Ltd.

    13,000        185,341   

Noritake Co., Ltd.

    56,000        118,552   

Noritsu Koki Co., Ltd.

    4,000        19,341   

Noritz Corp. (a)

    12,400        187,086   

North Pacific Bank, Ltd.

    122,400        486,599   

NS Solutions Corp.

    5,100        216,184   

NS United Kaiun Kaisha, Ltd.

    41,000        81,175   

NSD Co., Ltd.

    10,670        131,612   

Nuflare Technology, Inc. (a)

    800        29,486   

Obara Group, Inc. (a)

    4,800        189,030   

Obayashi Road Corp.

    10,000        54,810   

Odelic Co., Ltd.

    1,000        26,167   

Oenon Holdings, Inc.

    21,000        37,085   

Ogaki Kyoritsu Bank, Ltd. (The)

    140,000        554,794   

Ohara, Inc.

    4,700        22,594   

Ohashi Technica, Inc.

    4,600        48,725   

Ohsho Food Service Corp. (a)

    3,600        119,425   

Oiles Corp.

    9,600        142,876   

Oita Bank, Ltd. (The)

    75,000        311,936   

Oizumi Corp.

    2,900        14,317   

Okabe Co., Ltd. (a)

    16,000        135,063   

Okamoto Industries, Inc. (a)

    33,000        312,756   

Okamoto Machine Tool Works, Ltd.

    14,000        16,055   

Okamura Corp.

    26,300        237,505   

Okaya Electric Industries Co., Ltd.

    8,900        27,997   

Oki Electric Industry Co., Ltd. (a)

    227,000        355,033   

Okinawa Cellular Telephone Co.

    4,900        128,973   

Okinawa Electric Power Co., Inc. (The)

    8,550        193,036   

OKK Corp. (a)

    41,000        46,676   

OKUMA Corp. (a)

    50,000        313,505   

Okumura Corp. (a)

    63,000        337,335   

Okura Industrial Co., Ltd.

    26,000        68,264   

Okuwa Co., Ltd. (a)

    10,000        82,224   

Olympic Corp. (a)

    4,900        23,662   

ONO Sokki Co., Ltd.

    4,200        33,709   

Onoken Co., Ltd.

    7,400        63,338   

Onward Holdings Co., Ltd. (a)

    49,000        290,922   

Open House Co., Ltd.

    4,200        65,318   

OPT Holding, Inc.

    4,700        22,423   

Optex Co., Ltd.

    5,200        96,547   

Organo Corp.

    18,000        65,892   

Origin Electric Co., Ltd.

    17,000        43,882   

Osaka Organic Chemical Industry, Ltd.

    5,900        30,456   

Osaka Steel Co., Ltd.

    5,900        82,551   

OSAKA Titanium Technologies Co., Ltd.

    6,500        171,608   

Osaki Electric Co., Ltd. (a)

    11,000        54,274   

OSG Corp. (a)

    22,700        431,063   

Otsuka Kagu, Ltd. (a)

    5,500        70,145   

OUG Holdings, Inc.

    7,000        14,285   

Outsourcing, Inc.

    3,100        67,758   

Oyo Corp.

    7,400        86,403   

Pacific Industrial Co., Ltd. (a)

    18,800        188,125   

Pacific Metals Co., Ltd. (a)

    72,000        166,835   

Pack Corp. (The)

    5,600        124,082   

Pal Co., Ltd.

    3,800        110,473   

 

MSF-97


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Paltac Corp.

    12,650      $ 229,747   

PanaHome Corp.

    32,000        208,452   

Panasonic Industrial Devices SUNX Co., Ltd.

    6,800        34,913   

Paramount Bed Holdings Co., Ltd.

    6,000        178,853   

Parco Co., Ltd.

    8,100        65,128   

Paris Miki Holdings, Inc. (a)

    17,000        64,682   

Pasco Corp.

    6,000        14,669   

Pasona Group, Inc.

    9,000        76,500   

Penta-Ocean Construction Co., Ltd.

    96,700        455,154   

PIA Corp.

    300        5,172   

Pilot Corp.

    10,800        447,802   

Piolax, Inc.

    3,500        161,744   

Pioneer Corp. (b)

    117,700        255,887   

Plenus Co., Ltd. (a)

    7,800        120,711   

Press Kogyo Co., Ltd. (a)

    37,000        141,796   

Pressance Corp. (a)

    2,600        102,078   

Prestige International, Inc. (a)

    6,700        66,825   

Prima Meat Packers, Ltd.

    48,000        128,655   

Pronexus, Inc.

    9,000        60,015   

Proto Corp.

    5,300        66,556   

PS Mitsubishi Construction Co., Ltd.

    8,800        28,170   

Qol Co., Ltd.

    3,400        49,137   

Raito Kogyo Co., Ltd.

    18,200        172,595   

Rasa Industries, Ltd. (a) (b)

    26,000        27,407   

Relo Holdings, Inc.

    3,400        335,039   

Renaissance, Inc.

    5,100        52,001   

Rengo Co., Ltd. (a)

    81,000        313,828   

Renown, Inc. (a) (b)

    29,200        31,735   

Resort Solution Co., Ltd.

    4,000        9,196   

Retail Partners Co., Ltd.

    1,300        11,083   

Rheon Automatic Machinery Co., Ltd.

    5,000        23,324   

Rhythm Watch Co., Ltd. (a)

    30,000        40,478   

Riberesute Corp.

    4,300        26,690   

Ricoh Leasing Co., Ltd.

    6,400        174,083   

Right On Co., Ltd.

    5,900        48,144   

Riken Corp.

    35,000        116,449   

Riken Keiki Co., Ltd.

    6,000        63,383   

Riken Technos Corp.

    15,000        47,936   

Riken Vitamin Co., Ltd. (a)

    2,700        85,725   

Ringer Hut Co., Ltd. (a)

    4,200        91,039   

Rion Co., Ltd. (a)

    2,200        32,849   

Riso Kagaku Corp.

    9,958        170,321   

Riso Kyoiku Co., Ltd. (a) (b)

    11,590        22,545   

Rock Field Co., Ltd. (a)

    4,400        102,111   

Rohto Pharmaceutical Co., Ltd.

    30,100        463,817   

Rokko Butter Co., Ltd.

    4,400        67,606   

Roland DG Corp.

    3,000        64,663   

Round One Corp. (a)

    28,300        114,259   

Royal Holdings Co., Ltd.

    9,600        164,886   

Ryobi, Ltd.

    47,000        176,797   

Ryoden Trading Co., Ltd.

    16,000        107,089   

Ryosan Co., Ltd.

    14,000        328,746   

Ryoyo Electro Corp.

    8,600        109,576   

S Foods, Inc. (a)

    4,100        82,253   

S&B Foods, Inc.

    600        24,369   

Sac’s Bar Holdings, Inc.

    6,850        117,961   

Saibu Gas Co., Ltd. (a)

    136,000        311,372   

Japan—(Continued)

   

Saizeriya Co., Ltd. (a)

    10,300      234,121   

Sakai Chemical Industry Co., Ltd.

    42,000        118,513   

Sakai Heavy Industries, Ltd.

    14,000        26,913   

Sakai Moving Service Co., Ltd. (a)

    1,300        64,893   

Sakai Ovex Co., Ltd.

    16,000        25,498   

Sakata INX Corp.

    11,800        93,933   

Sakata Seed Corp.

    11,800        195,137   

Sala Corp.

    12,900        58,653   

SAMTY Co., Ltd.

    2,600        23,796   

San Holdings, Inc.

    2,500        31,931   

San-A Co., Ltd.

    6,200        272,170   

San-Ai Oil Co., Ltd.

    25,000        172,249   

San-In Godo Bank, Ltd. (The)

    59,000        579,666   

Sanden Holdings Corp. (a)

    42,000        131,476   

Sanei Architecture Planning Co., Ltd.

    4,300        49,305   

Sangetsu Co., Ltd.

    21,200        339,617   

Sanken Electric Co., Ltd. (a)

    37,000        125,254   

Sanki Engineering Co., Ltd. (a)

    23,700        179,552   

Sanko Marketing Foods Co., Ltd. (a)

    3,100        23,598   

Sanko Metal Industrial Co., Ltd.

    10,000        21,368   

Sankyo Frontier Co., Ltd.

    2,000        14,999   

Sankyo Seiko Co., Ltd.

    16,300        63,547   

Sankyo Tateyama, Inc.

    11,200        174,497   

Sankyu, Inc.

    96,000        466,033   

Sanoh Industrial Co., Ltd.

    10,100        60,245   

Sanshin Electronics Co., Ltd. (a)

    12,800        131,073   

Sanwa Holdings Corp.

    62,200        428,677   

Sanyo Chemical Industries, Ltd.

    21,000        141,827   

Sanyo Denki Co., Ltd.

    16,000        95,984   

Sanyo Electric Railway Co., Ltd.

    20,000        78,512   

Sanyo Housing Nagoya Co., Ltd. (a)

    3,000        26,711   

Sanyo Industries, Ltd.

    13,000        20,102   

Sanyo Shokai, Ltd.

    51,000        154,571   

Sanyo Special Steel Co., Ltd.

    47,000        179,143   

Sapporo Holdings, Ltd. (a)

    105,000        409,958   

Sata Construction Co., Ltd.

    2,600        11,800   

Sato Holdings Corp.

    6,900        128,847   

Sato Restaurant Systems Co., Ltd. (a)

    4,800        33,052   

Sato Shoji Corp.

    6,500        38,349   

Satori Electric Co., Ltd.

    7,100        48,174   

Sawada Holdings Co., Ltd.

    10,300        100,560   

Saxa Holdings, Inc.

    24,000        44,522   

SBS Holdings, Inc. (a)

    6,900        57,769   

SCREEN Holdings Co., Ltd. (a)

    57,000        279,558   

Scroll Corp. (a)

    15,700        54,153   

SEC Carbon, Ltd.

    7,000        17,859   

Secom Joshinetsu Co., Ltd.

    900        25,596   

Seibu Electric Industry Co., Ltd.

    12,000        43,425   

Seika Corp.

    28,000        59,097   

Seikitokyu Kogyo Co., Ltd.

    12,500        55,519   

Seiko Holdings Corp.

    44,000        256,478   

Seiren Co., Ltd.

    19,100        212,839   

Sekisui Jushi Corp.

    12,900        168,564   

Sekisui Plastics Co., Ltd.

    24,000        77,086   

Senko Co., Ltd. (a)

    31,000        218,900   

Senshu Electric Co., Ltd.

    2,400        35,182   

Senshu Ikeda Holdings, Inc.

    84,000        365,398   

 

MSF-98


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Senshukai Co., Ltd. (a)

    13,800      $ 86,742   

Septeni Holdings Co., Ltd. (a)

    5,500        99,194   

Seria Co., Ltd.

    6,500        321,860   

Shibaura Electronics Co., Ltd.

    2,800        42,652   

Shibaura Mechatronics Corp. (a)

    18,000        30,769   

Shibusawa Warehouse Co., Ltd. (The)

    25,000        63,823   

Shibuya Kogyo Co., Ltd.

    6,500        98,407   

Shidax Corp. (a)

    9,600        40,113   

Shiga Bank, Ltd. (The)

    89,000        454,063   

Shikibo, Ltd.

    56,000        55,866   

Shikoku Bank, Ltd. (The)

    95,000        201,315   

Shikoku Chemicals Corp. (a)

    16,000        135,756   

Shima Seiki Manufacturing, Ltd. (a)

    11,900        163,711   

Shimachu Co., Ltd.

    20,500        449,378   

SHIMANE BANK, Ltd. (The)

    2,500        30,073   

Shimizu Bank, Ltd. (The)

    4,900        122,467   

Shimojima Co., Ltd.

    6,300        53,943   

Shin Nippon Air Technologies Co., Ltd.

    7,300        58,716   

Shin-Etsu Polymer Co., Ltd.

    22,600        102,950   

Shin-Keisei Electric Railway Co., Ltd. (a)

    23,000        77,745   

Shinagawa Refractories Co., Ltd. (a)

    20,000        41,660   

Shindengen Electric Manufacturing Co., Ltd.

    28,000        90,821   

Shinkawa, Ltd. (b)

    5,300        29,227   

Shinko Electric Industries Co., Ltd.

    27,600        156,275   

Shinko Plantech Co., Ltd.

    16,100        131,607   

Shinko Shoji Co., Ltd.

    7,700        80,886   

Shinko Wire Co., Ltd.

    12,000        15,914   

Shinmaywa Industries, Ltd.

    34,000        344,452   

Shinnihon Corp.

    14,000        71,584   

Shinsho Corp.

    14,000        26,632   

Shinwa Co., Ltd.

    3,900        51,295   

Ship Healthcare Holdings, Inc.

    14,200        306,868   

Shiroki Corp.

    31,000        76,024   

Shizuki Electric Co., Inc. (a)

    8,000        38,408   

Shizuoka Gas Co., Ltd.

    21,300        138,852   

Shobunsha Publications, Inc.

    6,700        38,802   

Shochiku Co., Ltd. (a)

    3,000        25,292   

Shoei Foods Corp.

    4,300        47,007   

Shofu, Inc.

    3,900        49,074   

Shoko Co., Ltd.

    39,000        27,597   

Showa Aircraft Industry Co., Ltd.

    4,000        36,916   

Showa Corp.

    17,600        140,763   

Showa Sangyo Co., Ltd.

    33,000        128,522   

Siix Corp. (a)

    5,200        135,168   

Sinanen Co., Ltd.

    18,000        66,904   

Sinfonia Technology Co., Ltd.

    42,000        62,338   

Sinko Industries, Ltd.

    6,400        67,302   

Sintokogio, Ltd. (a)

    21,100        166,092   

SKY Perfect JSAT Holdings, Inc.

    29,800        140,718   

SMK Corp.

    23,000        95,791   

SMS Co., Ltd.

    7,900        133,847   

SNT Corp.

    7,800        35,907   

Soda Nikka Co., Ltd. (a)

    7,000        27,730   

Sodick Co., Ltd. (a)

    16,800        105,842   

Soft99 Corp. (a)

    5,100        32,556   

Softbank Technology Corp.

    1,600        15,416   

Software Service, Inc. (a)

    1,500        59,341   

Japan—(Continued)

   

Sogo Medical Co., Ltd.

    2,400      76,171   

Soshin Electric Co., Ltd.

    1,500        4,139   

Sotoh Co., Ltd.

    4,300        35,904   

Space Co., Ltd.

    5,800        61,753   

Sparx Group Co., Ltd. (a)

    35,900        87,821   

SPK Corp.

    2,500        46,091   

SRA Holdings

    3,700        58,931   

Srg Takamiya Co., Ltd. (a)

    5,200        26,320   

ST Corp.

    6,900        58,272   

St. Marc Holdings Co., Ltd.

    5,500        168,568   

Star Micronics Co., Ltd. (a)

    12,600        172,589   

Starts Corp., Inc.

    5,800        90,235   

Starzen Co., Ltd.

    2,800        73,421   

Stella Chemifa Corp. (a)

    5,600        54,542   

Step Co., Ltd.

    4,100        34,594   

Studio Alice Co., Ltd.

    2,900        56,202   

Subaru Enterprise Co., Ltd.

    1,000        3,482   

Sugimoto & Co., Ltd.

    3,800        40,900   

Sumida Corp. (a)

    6,300        41,531   

Suminoe Textile Co., Ltd.

    23,000        65,405   

Sumitomo Bakelite Co., Ltd. (a)

    84,000        309,159   

Sumitomo Densetsu Co., Ltd.

    7,700        93,620   

Sumitomo Mitsui Construction Co., Ltd. (a)

    260,300        315,742   

Sumitomo Osaka Cement Co., Ltd.

    159,000        564,960   

Sumitomo Precision Products Co., Ltd. (a)

    12,000        46,147   

Sumitomo Real Estate Sales Co., Ltd.

    5,960        152,860   

Sumitomo Riko Co., Ltd.

    16,700        146,082   

Sumitomo Seika Chemicals Co., Ltd. (a)

    18,000        115,585   

Sumitomo Warehouse Co., Ltd. (The)

    53,000        256,789   

Sun Frontier Fudousan Co., Ltd. (a)

    7,600        57,799   

Sun-Wa Technos Corp. (a)

    3,900        34,829   

Suncall Corp.

    11,000        56,344   

SWCC Showa Holdings Co., Ltd. (a) (b)

    116,000        75,060   

Systena Corp.

    6,700        61,999   

T Hasegawa Co., Ltd. (a)

    9,100        118,857   

T RAD Co., Ltd.

    36,000        56,741   

T&K Toka Co., Ltd. (a)

    5,000        85,181   

T-Gaia Corp.

    8,400        131,576   

Tabuchi Electric Co., Ltd.

    8,900        58,343   

Tachi-S Co., Ltd. (a)

    10,300        134,568   

Tachibana Eletech Co., Ltd.

    5,640        60,786   

Tadano, Ltd.

    38,000        422,383   

Taihei Dengyo Kaisha, Ltd. (a)

    12,000        123,485   

Taiheiyo Kouhatsu, Inc.

    21,000        14,225   

Taiho Kogyo Co., Ltd.

    7,800        84,180   

Taikisha, Ltd.

    9,800        222,273   

Taiko Bank, Ltd. (The)

    41,000        78,670   

Taiko Pharmaceutical Co., Ltd. (a)

    2,300        32,803   

Taisei Lamick Co., Ltd. (a)

    2,200        49,045   

Taiyo Holdings Co., Ltd. (a)

    5,700        175,471   

Taiyo Yuden Co., Ltd. (a)

    26,600        347,500   

Takachiho Koheki Co., Ltd.

    400        3,290   

Takagi Securities Co., Ltd.

    18,000        33,042   

Takamatsu Construction Group Co., Ltd.

    5,400        114,733   

Takano Co., Ltd. (a)

    6,000        32,083   

Takaoka Toko Co., Ltd.

    5,365        61,288   

Takara Holdings, Inc.

    34,300        206,480   

 

MSF-99


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Takara Leben Co., Ltd. (a)

    32,000      $ 157,711   

Takara Printing Co., Ltd.

    3,100        32,581   

Takara Standard Co., Ltd.

    39,000        277,443   

Takasago International Corp.

    6,400        157,550   

Takasago Thermal Engineering Co., Ltd. (a)

    20,900        289,946   

Takashima & Co., Ltd.

    25,000        52,950   

Takata Corp. (a) (b)

    14,300        157,102   

Take And Give Needs Co., Ltd. (a)

    4,010        22,365   

Takeei Corp.

    8,200        86,481   

Takeuchi Manufacturing Co., Ltd.

    11,100        195,112   

Takihyo Co., Ltd.

    13,000        47,541   

Takiron Co., Ltd.

    21,000        86,259   

Takisawa Machine Tool Co., Ltd.

    22,000        32,174   

Takuma Co., Ltd.

    26,000        196,213   

Tama Home Co., Ltd. (a)

    8,500        32,036   

Tamron Co., Ltd.

    6,000        110,222   

Tamura Corp. (a)

    26,000        72,691   

Tanseisha Co., Ltd.

    13,650        90,250   

TASAKI & Co., Ltd. (b)

    800        9,016   

Tatsuta Electric Wire and Cable Co., Ltd. (a)

    17,000        62,004   

Tayca Corp. (a)

    12,000        46,588   

TBK Co., Ltd. (a)

    8,000        29,967   

Teac Corp. (a) (b)

    40,000        13,084   

TECHNO ASSOCIE Co., Ltd.

    300        2,865   

Techno Medica Co., Ltd.

    2,400        49,737   

Techno Ryowa, Ltd.

    4,800        25,149   

Teikoku Electric Manufacturing Co., Ltd. (a)

    6,800        45,126   

Teikoku Sen-I Co., Ltd.

    6,900        80,492   

Teikoku Tsushin Kogyo Co., Ltd.

    24,000        38,060   

Ten Allied Co., Ltd. (b)

    1,000        3,155   

Tenma Corp.

    6,200        102,200   

Teraoka Seisakusho Co., Ltd.

    200        720   

Tigers Polymer Corp.

    2,200        11,981   

TKC Corp.

    7,600        197,129   

Toa Corp.

    9,600        86,784   

Toa Corp.

    82,000        197,898   

Toa Oil Co., Ltd.

    32,000        38,569   

TOA ROAD Corp.

    18,000        64,061   

Toabo Corp.

    3,400        17,537   

Toagosei Co., Ltd.

    37,000        269,331   

Tobishima Corp. (a) (b)

    62,200        110,444   

Tobu Store Co., Ltd.

    11,000        27,456   

TOC Co., Ltd.

    18,000        126,512   

Tocalo Co., Ltd.

    4,800        87,277   

Tochigi Bank, Ltd. (The)

    45,000        247,841   

Toda Corp. (a)

    81,000        359,688   

Toda Kogyo Corp.

    11,000        26,005   

Toei Animation Co., Ltd. (a)

    2,500        93,621   

Toei Co., Ltd.

    28,000        219,991   

Toenec Corp.

    18,000        131,856   

Toho Bank, Ltd. (The)

    83,000        307,543   

Toho Co., Ltd. (a)

    4,000        66,784   

Toho Holdings Co., Ltd. (a)

    20,600        431,092   

Toho Zinc Co., Ltd. (a)

    50,000        115,083   

Tohoku Bank, Ltd. (The)

    56,000        70,250   

Tohokushinsha Film Corp.

    4,800        35,424   

Tohto Suisan Co., Ltd.

    14,000        21,962   

Japan—(Continued)

   

Tokai Carbon Co., Ltd. (a)

    68,000      163,514   

Tokai Corp.

    3,900        107,748   

TOKAI Holdings Corp.

    34,500        144,611   

Tokai Lease Co., Ltd.

    16,000        28,832   

Tokai Rika Co., Ltd.

    8,800        182,400   

Token Corp.

    3,160        239,090   

Toko, Inc.

    11,000        26,076   

Tokushu Tokai Paper Co., Ltd.

    39,000        105,220   

Tokuyama Corp. (a) (b)

    106,000        172,949   

Tokyo Dome Corp.

    62,000        271,896   

Tokyo Electron Device, Ltd.

    2,400        31,308   

Tokyo Energy & Systems, Inc.

    10,000        69,885   

Tokyo Individualized Educational Institute, Inc.

    5,000        24,431   

Tokyo Keiki, Inc.

    21,000        37,494   

Tokyo Ohka Kogyo Co., Ltd.

    13,100        348,871   

Tokyo Rakutenchi Co., Ltd.

    17,000        68,662   

Tokyo Rope Manufacturing Co., Ltd. (a) (b)

    46,000        66,705   

Tokyo Sangyo Co., Ltd.

    12,000        45,159   

Tokyo Seimitsu Co., Ltd.

    13,800        257,689   

Tokyo Steel Manufacturing Co., Ltd.

    36,800        201,554   

Tokyo Tekko Co., Ltd.

    17,000        70,245   

Tokyo Theatres Co., Inc.

    42,000        46,354   

Tokyo TY Financial Group, Inc.

    9,724        304,188   

Tokyotokeiba Co., Ltd.

    31,000        74,589   

Tokyu Recreation Co., Ltd.

    6,000        37,041   

Toli Corp.

    20,000        49,949   

Tomato Bank, Ltd.

    55,000        78,081   

Tomen Devices Corp.

    1,500        24,779   

Tomoe Corp.

    12,500        36,044   

Tomoe Engineering Co., Ltd.

    2,100        28,032   

Tomoegawa Co., Ltd.

    12,000        20,863   

Tomoku Co., Ltd.

    31,000        63,822   

TOMONY Holdings, Inc.

    69,000        269,308   

Tomy Co., Ltd. (a)

    24,400        119,595   

Tonami Holdings Co., Ltd.

    22,000        73,716   

Toppan Forms Co., Ltd.

    19,800        235,987   

Topre Corp.

    15,300        296,148   

Topy Industries, Ltd.

    91,000        188,737   

Toridoll.corp

    6,900        82,125   

Torigoe Co., Ltd. (The)

    9,200        56,706   

Torii Pharmaceutical Co., Ltd.

    3,600        84,757   

Torishima Pump Manufacturing Co., Ltd. (a)

    9,700        69,849   

Tosei Corp.

    13,200        85,538   

Toshiba Machine Co., Ltd.

    42,000        132,173   

Toshiba Plant Systems & Services Corp.

    14,100        138,268   

Toshiba TEC Corp.

    13,000        41,412   

Tosho Co., Ltd.

    2,400        59,788   

Tosho Printing Co., Ltd. (a)

    14,000        56,505   

Totetsu Kogyo Co., Ltd.

    8,400        180,226   

Tottori Bank, Ltd. (The)

    37,000        64,147   

Toukei Computer Co., Ltd.

    1,400        24,089   

Tow Co., Ltd.

    3,600        23,175   

Towa Bank, Ltd. (The)

    115,000        101,821   

Towa Corp. (a)

    8,000        49,758   

Towa Pharmaceutical Co., Ltd.

    2,800        180,214   

Toyo Construction Co., Ltd.

    25,499        112,115   

Toyo Corp. (a)

    9,600        70,780   

 

MSF-100


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Toyo Denki Seizo - Toyo Electric Manufacturing Co., Ltd.

    16,000      $ 52,160   

Toyo Engineering Corp. (a)

    38,000        91,714   

Toyo Ink SC Holdings Co., Ltd. (a)

    76,000        278,442   

Toyo Kanetsu KK

    48,000        76,727   

Toyo Kohan Co., Ltd.

    16,000        48,029   

Toyo Machinery & Metal Co., Ltd.

    7,800        24,700   

Toyo Securities Co., Ltd.

    23,000        72,256   

Toyo Sugar Refining Co., Ltd.

    9,000        8,295   

Toyo Tanso Co., Ltd. (a)

    5,300        66,542   

Toyo Wharf & Warehouse Co., Ltd.

    25,000        39,025   

Toyobo Co., Ltd.

    332,000        451,975   

TPR Co., Ltd.

    7,300        167,125   

Trancom Co., Ltd.

    2,600        139,597   

Transcosmos, Inc.

    8,100        198,781   

Trusco Nakayama Corp.

    7,200        255,483   

Trust Tech, Inc.

    1,500        25,858   

TS Tech Co., Ltd.

    2,600        71,197   

TSI Holdings Co., Ltd. (a)

    28,205        204,093   

Tsubakimoto Chain Co.

    47,000        295,442   

Tsubakimoto Kogyo Co., Ltd.

    8,000        20,544   

Tsudakoma Corp. (b)

    16,000        15,917   

Tsugami Corp. (a)

    25,000        92,932   

Tsukada Global Holdings, Inc. (a)

    7,200        44,194   

Tsukamoto Corp. Co., Ltd.

    21,000        21,611   

Tsukishima Kikai Co., Ltd. (a)

    8,600        71,519   

Tsukuba Bank, Ltd. (The)

    34,500        121,405   

Tsukui Corp. (a)

    9,400        90,301   

Tsumura & Co.

    6,600        143,955   

Tsurumi Manufacturing Co., Ltd.

    6,100        98,435   

Tsutsumi Jewelry Co., Ltd.

    3,800        78,452   

TTK Co., Ltd. (a)

    4,000        15,388   

TV Tokyo Holdings Corp.

    3,700        62,949   

TYK Corp.

    6,000        8,893   

Tyo, Inc.

    9,600        15,095   

U-Shin, Ltd. (a)

    11,400        78,325   

UACJ Corp. (a)

    110,850        178,060   

Ube Industries, Ltd. (a)

    229,000        401,147   

Uchida Yoko Co., Ltd.

    21,000        69,171   

Ueki Corp.

    11,000        21,932   

UKC Holdings Corp.

    5,000        96,236   

Ulvac, Inc.

    15,600        254,667   

Uniden Holdings Corp.

    25,000        37,259   

Union Tool Co.

    3,400        82,291   

Unipres Corp.

    13,900        265,958   

United Arrows, Ltd. (a)

    6,900        286,185   

United Super Markets Holdings, Inc. (a)

    22,300        188,180   

Unitika, Ltd. (b)

    156,000        74,732   

Universal Entertainment Corp. (a)

    8,600        153,063   

UNY Group Holdings Co., Ltd.

    98,800        625,012   

Usen Corp. (b)

    41,400        103,962   

Ushio, Inc.

    39,000        469,026   

UT Group Co., Ltd. (b)

    9,800        52,915   

Utoc Corp.

    5,100        19,261   

Valor Co., Ltd. (a)

    12,300        309,273   

Village Vanguard Co., Ltd. (a)

    2,300        31,409   

Vital KSK Holdings, Inc. (a)

    14,200        96,048   

Japan—(Continued)

   

Vitec Co., Ltd.

    3,700      46,582   

VT Holdings Co., Ltd.

    27,500        166,479   

Wacoal Holdings Corp.

    29,000        347,674   

Wacom Co., Ltd. (a)

    49,500        183,040   

Wakachiku Construction Co., Ltd. (a)

    46,000        57,779   

Wakamoto Pharmaceutical Co., Ltd. (a)

    9,000        19,998   

Wakita & Co., Ltd.

    15,300        138,746   

Warabeya Nichiyo Co., Ltd.

    5,000        88,132   

WATAMI Co., Ltd. (a) (b)

    7,600        59,049   

Weathernews, Inc.

    2,400        76,325   

Welcia Holdings Co., Ltd.

    3,480        169,744   

Wellnet Corp. (a)

    2,300        45,586   

West Holdings Corp.

    7,200        37,504   

Wood One Co., Ltd.

    19,000        38,122   

Wowow, Inc.

    2,200        60,425   

Xebio Co., Ltd.

    8,700        157,025   

Y. A. C. Co., Ltd.

    4,900        35,779   

Yachiyo Industry Co., Ltd.

    3,900        30,364   

Yahagi Construction Co., Ltd.

    12,000        107,938   

Yaizu Suisankagaku Industry Co., Ltd. (a)

    4,400        36,155   

YAMABIKO Corp.

    12,800        104,880   

Yamagata Bank, Ltd. (The) (a)

    52,000        207,620   

Yamaichi Electronics Co., Ltd. (a)

    8,200        63,274   

Yamanashi Chuo Bank, Ltd. (The)

    71,000        370,468   

Yamatane Corp.

    34,000        50,937   

Yamato Corp.

    9,000        31,737   

Yamato International, Inc. (a)

    6,700        21,648   

Yamaya Corp.

    1,150        23,893   

Yamazawa Co., Ltd.

    1,000        13,617   

Yamazen Corp.

    19,500        161,495   

Yaoko Co., Ltd. (a)

    5,200        236,247   

Yashima Denki Co., Ltd. (a)

    7,500        37,389   

Yasuda Logistics Corp.

    7,400        56,496   

Yellow Hat, Ltd.

    6,200        134,854   

Yodogawa Steel Works, Ltd. (a)

    7,600        142,406   

Yokogawa Bridge Holdings Corp. (a)

    12,800        108,425   

Yokohama Reito Co., Ltd. (a)

    18,600        146,748   

Yokowo Co., Ltd.

    7,900        39,159   

Yomeishu Seizo Co., Ltd.

    3,000        46,556   

Yomiuri Land Co., Ltd.

    13,000        42,143   

Yondenko Corp.

    8,000        26,519   

Yondoshi Holding, Inc.

    6,000        146,779   

Yonekyu Corp.

    800        15,646   

Yonex Co., Ltd. (a)

    3,300        82,310   

Yorozu Corp.

    7,900        162,502   

Yoshinoya Holdings Co., Ltd. (a)

    17,300        225,063   

Yuasa Funashoku Co., Ltd.

    13,000        35,748   

Yuasa Trading Co., Ltd.

    6,700        138,111   

Yuken Kogyo Co., Ltd.

    17,000        30,926   

Yuki Gosei Kogyo Co., Ltd.

    6,000        13,027   

Yumeshin Holdings Co., Ltd. (a)

    10,100        59,993   

Yurtec Corp.

    17,000        154,198   

Yusen Logistics Co., Ltd.

    7,100        72,804   

Yushiro Chemical Industry Co., Ltd.

    3,700        38,830   

Yutaka Giken Co., Ltd.

    600        11,347   

Zappallas, Inc.

    4,900        19,711   

Zenrin Co., Ltd.

    9,400        127,362   

 

MSF-101


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

   

Zensho Holdings Co., Ltd. (a)

    35,300      $ 330,296   

ZERIA Pharmaceutical Co., Ltd. (a)

    9,200        114,092   

Zojirushi Corp.

    12,000        173,753   

Zuiko Corp.

    1,000        37,091   

Zuken, Inc. (a)

    7,200        68,261   
   

 

 

 
      156,106,630   
   

 

 

 

Luxembourg—0.0%

  

d’Amico International Shipping S.A. (b)

    60,320        47,426   

L’Occitane International S.A.

    53,500        111,967   
   

 

 

 
      159,393   
   

 

 

 

Macau—0.0%

   

Macau Legend Development, Ltd. (a) (b)

    322,000        46,152   
   

 

 

 

Netherlands—2.3%

   

Aalberts Industries NV

    53,139        1,575,658   

Accell Group

    11,097        237,468   

AMG Advanced Metallurgical Group NV

    12,258        91,609   

Amsterdam Commodities NV (a)

    8,120        185,862   

APERAM S.A. (a) (b)

    33,328        900,545   

Arcadis NV

    33,193        780,943   

ASM International NV

    19,662        637,806   

Ballast Nedam NV (b)

    2,716        864   

BE Semiconductor Industries NV

    23,461        364,891   

Beter Bed Holding NV

    7,490        166,788   

BinckBank NV

    28,201        232,681   

Brack Capital Properties NV (b)

    442        25,719   

Brunel International NV (a)

    10,850        184,314   

Corbion NV

    21,805        500,793   

Delta Lloyd NV

    97,532        820,830   

DOCdata NV

    1,139        25,634   

Fugro NV (a) (b)

    4,189        74,184   

Grontmij NV (a) (b)

    37,446        191,668   

Heijmans NV (a) (b)

    14,562        98,172   

Hunter Douglas NV

    2,423        102,944   

KAS Bank NV

    6,580        75,570   

Kendrion NV

    3,947        95,901   

Koninklijke BAM Groep NV (b)

    118,667        554,031   

Koninklijke Ten Cate NV (a)

    16,042        435,113   

Macintosh Retail Group NV (b)

    7,046        17,341   

Mota-Engil Africa NV

    3,596        14,279   

Nederland Apparatenfabriek

    2,384        76,363   

Ordina NV (b)

    44,115        49,384   

PostNL NV (b)

    162,817        594,533   

QIAGEN NV (b)

    46,244        1,192,763   

SBM Offshore NV (a) (b)

    79,176        1,002,464   

Sligro Food Group NV

    11,098        404,997   

SNS REAAL NV (a) (b) (c) (d)

    105,329        0   

Telegraaf Media Groep NV (b)

    13,542        62,598   

TKH Group NV

    17,476        633,145   

TNT Express NV

    150,990        1,150,355   

TomTom NV (a) (b)

    51,405        525,522   

USG People NV (a)

    43,376        592,833   

Van Lanschot NV

    45        1,017   

Wessanen

    48,299        511,124   
   

 

 

 
      15,188,706   
   

 

 

 

New Zealand—1.1%

   

a2 Milk Co., Ltd. (a) (b)

    134,580      $ 60,533   

Abano Healthcare Group, Ltd.

    880        4,501   

Air New Zealand, Ltd.

    205,023        322,663   

Briscoe Group, Ltd.

    13,123        23,895   

Chorus, Ltd. (a) (b)

    123,561        211,049   

Contact Energy, Ltd.

    10,788        34,216   

Diligent Corp. (b)

    19,249        63,876   

Ebos Group, Ltd.

    45,293        360,857   

Fisher & Paykel Healthcare Corp., Ltd.

    260,892        1,184,547   

Freightways, Ltd.

    74,043        263,116   

Genesis Energy, Ltd.

    6,811        7,978   

Hallenstein Glasson Holdings, Ltd.

    19,012        42,721   

Heartland New Zealand, Ltd. (a)

    72,313        51,903   

Hellaby Holdings, Ltd.

    13,986        26,955   

Infratil, Ltd.

    290,106        568,899   

Kathmandu Holdings, Ltd.

    23,984        21,469   

Mainfreight, Ltd.

    37,244        360,951   

Methven, Ltd.

    19,898        12,722   

Metlifecare, Ltd.

    34,148        92,455   

Michael Hill International, Ltd.

    82,929        50,879   

Millennium & Copthorne Hotels New Zealand, Ltd.

    7,968        7,284   

New Zealand Oil & Gas, Ltd. (b)

    131,264        35,388   

New Zealand Refining Co., Ltd. (The)

    27,432        59,725   

Nuplex Industries, Ltd.

    105,582        262,647   

NZX, Ltd.

    114,554        71,921   

Opus International Consultants, Ltd.

    4,000        2,992   

Pacific Edge, Ltd. (b)

    17,353        5,568   

PGG Wrightson, Ltd.

    58,545        14,817   

Pike River Coal, Ltd. (b) (c) (d)

    82,575        0   

Port of Tauranga, Ltd. (a)

    30,898        335,850   

Restaurant Brands New Zealand, Ltd.

    55,682        140,535   

Rubicon, Ltd. (b)

    9,922        1,779   

Ryman Healthcare, Ltd.

    152,639        714,444   

Sanford, Ltd.

    314        996   

Skellerup Holdings, Ltd.

    29,759        24,548   

SKY Network Television, Ltd. (a)

    114,579        340,784   

SKYCITY Entertainment Group, Ltd.

    283,721        680,790   

Summerset Group Holdings, Ltd.

    17,434        39,501   

TOWER, Ltd. (a)

    59,836        76,520   

Trade Me Group, Ltd. (a)

    132,253        309,580   

TrustPower, Ltd.

    13,980        66,334   

Vector, Ltd. (a)

    151,308        305,115   

Warehouse Group, Ltd. (The)

    54,373        87,142   

Xero, Ltd. (b)

    20,773        199,661   

Z Energy, Ltd. (a) (c)

    3,706        15,316   
   

 

 

 
      7,565,422   
   

 

 

 

Norway—0.8%

   

ABG Sundal Collier Holding ASA

    130,019        103,644   

AF Gruppen ASA

    945        12,215   

Akastor ASA (a) (b)

    13,919        18,011   

Aker ASA - A Shares

    871        15,178   

American Shipping ASA (b)

    12,027        56,562   

Archer, Ltd. (a) (b)

    8,279        10,778   

Atea ASA

    22,644        208,385   

Austevoll Seafood ASA

    29,238        182,191   

 

MSF-102


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Norway—(Continued)

   

Biotec Pharmacon ASA (b)

    10,494      $ 17,111   

Bonheur ASA

    4,316        32,217   

BW Offshore, Ltd.

    108,665        44,003   

Deep Sea Supply plc

    40,102        9,308   

Det Norske Oljeselskap ASA (a) (b)

    34,725        193,906   

DOF ASA (b)

    21,760        16,395   

Ekornes ASA (a)

    11,636        130,628   

Electromagnetic Geoservices ASA (a) (b)

    59,116        4,321   

Farstad Shipping ASA

    6,040        10,549   

Fred Olsen Energy ASA (a) (b)

    4,442        23,164   

Frontline, Ltd. (a) (b)

    36,608        100,022   

Ganger Rolf ASA

    7,335        50,418   

Golden Ocean Group, Ltd. (a) (b)

    15,622        39,388   

Grieg Seafood ASA

    11,731        39,627   

Hexagon Composites ASA (a)

    24,991        44,128   

Hoegh LNG Holdings, Ltd. (a)

    13,626        184,455   

Kongsberg Automotive ASA (b)

    185,093        92,305   

Kvaerner ASA

    92,750        42,805   

Leroy Seafood Group ASA

    7,059        254,101   

Nordic Semiconductor ASA (a) (b)

    76,341        374,592   

Norske Skogindustrier ASA (b)

    101,549        24,037   

Norwegian Air Shuttle A/S (a) (b)

    8,166        319,964   

Odfjell SE - A Shares (b)

    1,949        6,487   

Opera Software ASA (a)

    21,316        115,207   

Petroleum Geo-Services ASA

    55,241        212,723   

PhotoCure ASA (b)

    5,477        23,577   

ProSafe SE (a)

    76,897        214,174   

Q-Free ASA (b)

    24,256        29,710   

REC Silicon ASA (a) (b)

    643,607        113,072   

Salmar ASA

    8,438        133,782   

Sevan Marine ASA (b)

    16,466        34,070   

Siem Offshore, Inc. (b)

    73,429        15,366   

Solstad Offshore ASA

    5,178        15,490   

Songa Offshore (b)

    121,279        14,542   

SpareBank 1 SMN

    40,946        259,951   

SpareBank 1 SR Bank ASA

    4,926        24,571   

Stolt-Nielsen, Ltd.

    5,818        83,496   

Storebrand ASA (b)

    52,915        174,016   

Tomra Systems ASA

    59,552        560,330   

Veidekke ASA

    57,200        640,510   

Wilh Wilhelmsen ASA (a)

    21,003        90,487   

Wilh Wilhelmsen Holding ASA

    4,777        81,191   
   

 

 

 
      5,497,160   
   

 

 

 

Philippines—0.0%

   

Del Monte Pacific, Ltd. (b)

    77,636        16,767   
   

 

 

 

Portugal—0.5%

   

Altri SGPS S.A.

    49,174        198,098   

Banco BPI S.A. (a) (b)

    181,563        191,675   

Banco Comercial Portugues S.A. - Class R (a) (b)

    10,046,492        489,058   

Banco Espirito Santo S.A. (b) (c) (d)

    89,078        0   

Mota-Engil SGPS S.A. (a)

    40,942        86,994   

NOS SGPS S.A.

    101,535        838,527   

Novabase SGPS S.A.

    7,827        18,819   

Portucel S.A.

    235,210        818,335   

REN - Redes Energeticas Nacionais SGPS S.A.

    94,602        283,861   

Portugal—(Continued)

   

Sonae Industria SGPS S.A. (b)

    2,595,000      23,835   

Sonae SGPS S.A.

    280,308        345,005   

Teixeira Duarte S.A. (a)

    59,382        28,982   
   

 

 

 
      3,323,189   
   

 

 

 

Singapore—1.2%

   

Abterra, Ltd. (b)

    51,720        15,628   

Amtek Engineering, Ltd.

    21,000        9,544   

ASL Marine Holdings, Ltd.

    105,000        26,194   

Ausgroup, Ltd. (a) (b)

    143,000        11,291   

Baker Technology, Ltd.

    166,000        22,413   

Banyan Tree Holdings, Ltd. (a)

    155,000        43,977   

Biosensors International Group, Ltd. (b)

    473,000        224,718   

Bonvests Holdings, Ltd.

    18,000        15,179   

Boustead Projects, Ltd. (b)

    24,607        12,717   

Boustead Singapore, Ltd.

    82,025        43,268   

Breadtalk Group, Ltd.

    37,000        29,283   

Broadway Industrial Group, Ltd. (b)

    156,399        20,173   

Bukit Sembawang Estates, Ltd.

    72,000        232,290   

Bund Center Investment, Ltd.

    552,000        67,599   

Centurion Corp., Ltd.

    38,000        11,224   

China Aviation Oil Singapore Corp., Ltd.

    153,600        68,076   

China Merchants Holdings Pacific, Ltd.

    117,600        73,561   

Chip Eng Seng Corp., Ltd.

    157,000        67,359   

Chuan Hup Holdings, Ltd.

    125,000        28,976   

Cordlife Group, Ltd. (a)

    39,000        34,704   

Cosco Corp. Singapore, Ltd. (a) (c) (d)

    477,000        125,698   

Creative Technology, Ltd.

    22,600        16,999   

CSC Holdings, Ltd. (b)

    284,000        6,386   

CSE Global, Ltd.

    197,000        69,920   

CW Group Holdings, Ltd.

    106,000        46,853   

CWT, Ltd. (a)

    81,000        112,886   

Datapulse Technology, Ltd.

    106,000        6,286   

Delong Holdings, Ltd. (b)

    91,000        6,331   

DMX Technologies Group, Ltd. (b) (c) (d)

    186,000        14,247   

Dyna-Mac Holdings, Ltd.

    98,000        11,669   

Elec & Eltek International Co., Ltd.

    23,000        16,127   

Eu Yan Sang International, Ltd.

    90,000        25,668   

Ezion Holdings, Ltd. (a)

    397,100        182,762   

Ezra Holdings, Ltd. (a) (b)

    1,000,703        82,352   

Far East Orchard, Ltd.

    74,044        80,873   

First Resources, Ltd. (a)

    86,700        100,223   

First Sponsor Group, Ltd.

    8,628        7,363   

FJ Benjamin Holdings, Ltd.

    106,000        5,959   

Food Empire Holdings, Ltd. (b)

    54,000        8,722   

Fragrance Group, Ltd. (a)

    905,500        124,079   

Gallant Venture, Ltd. (b)

    126,000        20,374   

Geo Energy Resources, Ltd. (a) (b)

    155,000        11,871   

GK Goh Holdings, Ltd.

    12,000        7,127   

Global Premium Hotels, Ltd. (a)

    73,200        15,265   

GMG Global, Ltd. (a) (b)

    202,200        48,732   

Golden Agri-Resources, Ltd. (a)

    193,600        44,996   

Golden Energy & Resources, Ltd. (b) (c) (d)

    8,539        3,600   

GuocoLand, Ltd.

    28,000        36,300   

GuocoLeisure, Ltd.

    188,000        105,406   

Hanwell Holdings, Ltd. (b)

    19,000        3,159   

Hi-P International, Ltd.

    99,500        26,951   

 

MSF-103


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Singapore—(Continued)

   

Hiap Hoe, Ltd. (d)

    58,000      $ 28,327   

HLH Group, Ltd. (b)

    1,066,000        8,153   

Ho Bee Land, Ltd.

    87,000        119,263   

Hong Fok Corp., Ltd.

    133,400        63,335   

Hong Leong Asia, Ltd.

    41,000        25,637   

Hotel Grand Central, Ltd.

    1,000        844   

Hour Glass, Ltd. (The)

    129,000        61,650   

HTL International Holdings, Ltd.

    69,000        10,182   

HupSteel, Ltd.

    111,000        10,786   

Hwa Hong Corp., Ltd.

    138,000        29,678   

Hyflux, Ltd. (a)

    179,500        87,360   

Indofood Agri Resources, Ltd.

    152,000        53,088   

Innovalues, Ltd.

    64,000        28,820   

Interra Resources, Ltd. (b)

    103,000        5,869   

IPC Corp., Ltd.

    29,600        28,409   

Jiutian Chemical Group, Ltd. (b)

    649,000        8,678   

K1 Ventures, Ltd.

    404,000        53,662   

Keppel Infrastructure Trust (a)

    549,659        202,890   

Keppel Telecommunications & Transportation, Ltd.

    44,000        41,930   

Koh Brothers Group, Ltd.

    97,000        17,409   

Lian Beng Group, Ltd.

    157,000        57,420   

Low Keng Huat Singapore, Ltd.

    122,600        45,841   

Lum Chang Holdings, Ltd.

    115,000        30,836   

M1, Ltd.

    64,400        127,912   

Marco Polo Marine, Ltd. (b) (d)

    51,000        6,773   

Mermaid Maritime PCL

    136,000        14,455   

Metro Holdings, Ltd.

    141,600        86,118   

Mewah International, Inc.

    110,000        22,766   

Midas Holdings, Ltd. (a)

    452,000        84,452   

Nam Cheong, Ltd. (a)

    321,000        37,252   

Neptune Orient Lines, Ltd. (a) (b)

    216,300        146,809   

NSL, Ltd.

    15,000        15,027   

OKH Global, Ltd. (b)

    15,700        7,170   

Olam International, Ltd.

    45,700        65,051   

OSIM International, Ltd. (a)

    85,000        97,240   

Otto Marine, Ltd. (a) (b)

    26,099        5,236   

Overseas Union Enterprise, Ltd. (a)

    174,000        219,650   

Oxley Holdings, Ltd. (a)

    155,000        43,106   

Pan-United Corp., Ltd.

    43,000        19,183   

Penguin International, Ltd.

    193,000        16,369   

Petra Foods, Ltd. (a)

    66,000        116,491   

QAF, Ltd.

    110,967        79,012   

Raffles Education Corp., Ltd.

    470,374        91,204   

Raffles Medical Group, Ltd.

    48,497        154,137   

Rickmers Maritime

    110,000        17,408   

Riverstone Holdings, Ltd.

    20,000        22,522   

Rotary Engineering, Ltd.

    85,000        20,336   

Roxy-Pacific Holdings, Ltd.

    85,750        27,656   

S I2I, Ltd. (b)

    4,353        2,405   

SATS, Ltd. (a)

    100,500        270,562   

SBS Transit, Ltd.

    40,500        50,005   

Sembcorp Marine, Ltd.

    12,500        20,135   

Sheng Siong Group, Ltd.

    191,000        110,804   

SHS Holdings, Ltd.

    47,000        8,404   

SIIC Environment Holdings, Ltd. (b)

    51,400        30,367   

Sim Lian Group, Ltd. (d)

    121,500        74,834   

Singapore—(Continued)

   

Sinarmas Land, Ltd. (a)

    735,000      292,868   

Sing Holdings, Ltd.

    82,000        16,154   

Singapore Post, Ltd. (a)

    239,600        285,529   

Singapore Reinsurance Corp., Ltd.

    1,000        228   

Sino Grandness Food Industry Group, Ltd. (a) (b)

    84,000        17,527   

SMRT Corp., Ltd. (a)

    175,000        160,606   

Stamford Land Corp., Ltd.

    278,000        95,179   

Sunningdale Tech, Ltd.

    60,600        33,876   

SunVic Chemical Holdings, Ltd. (b)

    51,000        7,889   

Super Group, Ltd.

    143,000        77,662   

Swiber Holdings, Ltd. (a) (b)

    117,749        16,235   

Swissco Holdings, Ltd. (a)

    84,000        14,366   

Tuan Sing Holdings, Ltd.

    169,000        34,463   

UMS Holdings, Ltd.

    93,000        33,083   

United Engineers, Ltd.

    138,000        187,113   

United Overseas Insurance, Ltd.

    4,000        12,255   

UOB-Kay Hian Holdings, Ltd.

    131,440        134,351   

UOL Group, Ltd.

    34,300        144,950   

UPP Holdings, Ltd.

    46,000        4,883   

Vard Holdings, Ltd. (a) (b)

    203,000        63,221   

Venture Corp., Ltd.

    97,000        565,454   

Vibrant Group, Ltd.

    220,071        11,452   

Vicom, Ltd.

    2,000        8,434   

Wee Hur Holdings, Ltd.

    85,000        17,332   

Wheelock Properties Singapore, Ltd.

    58,000        61,432   

Wing Tai Holdings, Ltd. (a)

    159,621        187,449   

Yeo Hiap Seng, Ltd.

    19,712        17,950   

YHI International, Ltd.

    78,000        12,333   

Yongnam Holdings, Ltd. (b)

    161,250        45,345   
   

 

 

 
      8,123,895   
   

 

 

 

Spain—2.0%

   

Abengoa S.A. - B Shares (a)

    145,251        134,342   

Abengoa S.A. - Class A (a)

    20,975        30,626   

Acciona S.A.

    7,188        509,225   

Acerinox S.A. (a)

    66,969        598,361   

Adveo Group International S.A.

    6,292        48,654   

Almirall S.A.

    20,336        362,914   

Amper S.A. (b)

    12,087        1,855   

Atresmedia Corp. de Medios de Comunicacion S.A.

    21,362        271,809   

Azkoyen S.A.

    1,608        5,105   

Baron de Ley (b)

    1,139        119,820   

Bolsas y Mercados Espanoles S.A. (a)

    27,936        944,171   

Caja de Ahorros del Mediterraneo (a) (b) (c) (d)

    14,621        0   

Cementos Portland Valderrivas S.A. (b)

    4,058        22,957   

Cie Automotive S.A. (a)

    17,266        240,988   

Construcciones y Auxiliar de Ferrocarriles S.A.

    588        181,440   

Distribuidora Internacional de Alimentacion S.A. (a) (b)

    184,598        1,115,736   

Duro Felguera S.A.

    27,756        64,282   

Ebro Foods S.A.

    25,801        507,308   

Elecnor S.A.

    11,262        101,576   

Ence Energia y Celulosa S.A

    61,968        200,929   

Ercros S.A. (b)

    60,314        38,812   

Faes Farma S.A.

    163,845        431,610   

 

MSF-104


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Spain—(Continued)

   

Fluidra S.A. (b)

    12,850      $ 42,023   

Fomento de Construcciones y Contratas S.A. (a) (b)

    35,459        262,321   

Gamesa Corp. Tecnologica S.A.

    69,346        961,388   

Grupo Catalana Occidente S.A.

    21,149        608,847   

Grupo Ezentis S.A. (b)

    39,717        24,454   

Iberpapel Gestion S.A.

    600        9,703   

Indra Sistemas S.A. (a) (b)

    39,802        413,244   

Inmobiliaria Colonial S.A. (b)

    229,767        159,887   

Laboratorios Farmaceuticos Rovi S.A.

    6,104        90,328   

Mediaset Espana Comunicacion S.A.

    49,361        539,134   

Melia Hotels International S.A.

    21,300        296,581   

Miquel y Costas & Miquel S.A. (a)

    4,480        148,977   

NH Hoteles Group S.A. (a) (b)

    69,951        374,196   

Nmas1 Dinamia S.A.

    3,678        31,153   

Obrascon Huarte Lain S.A. (a)

    11,925        156,922   

Papeles y Cartones de Europa S.A.

    19,820        95,219   

Pescanova S.A. (a) (b) (c) (d)

    7,446        0   

Prim S.A.

    3,013        30,158   

Promotora de Informaciones S.A. - Class A (a) (b)

    13,933        52,193   

Prosegur Cia de Seguridad S.A.

    54,905        264,461   

Quabit Inmobiliaria S.A. (b)

    255,219        21,451   

Realia Business S.A. (b)

    74,911        55,297   

Sacyr S.A. (a)

    107,800        238,288   

Solaria Energia y Medio Ambiente S.A. (a) (b)

    19,439        15,878   

Tecnicas Reunidas S.A. (a)

    11,115        491,660   

Telecomunicaciones y Energia (b)

    13,592        16,417   

Tubacex S.A. (a)

    28,250        59,701   

Tubos Reunidos S.A. (a)

    21,752        20,934   

Urbas Grupo Financiero S.A. (b)

    887,506        15,885   

Vidrala S.A. (a)

    7,952        373,463   

Viscofan S.A.

    14,797        891,828   

Vocento S.A. (b)

    10,923        21,599   

Zardoya Otis S.A. (a)

    2,347        25,398   

Zeltia S.A. (a) (b)

    72,263        272,807   
   

 

 

 
      13,014,315   
   

 

 

 

Sweden—3.3%

   

AAK AB (a)

    11,380        739,823   

Acando AB (a)

    32,705        51,598   

AddNode Group AB

    1,849        11,220   

AddTech AB - B Shares

    28,030        398,991   

AF AB - B Shares

    24,002        332,792   

Arise AB (b)

    4,852        9,977   

Atrium Ljungberg AB - B Shares (a)

    5,167        78,220   

Avanza Bank Holding AB

    7,660        314,680   

B&B Tools AB - B Shares

    12,796        170,499   

BE Group AB (b)

    39,235        8,051   

Beijer Alma AB

    9,404        201,263   

Beijer Electronics AB

    5,229        30,200   

Beijer Ref AB - B Shares

    6,405        130,393   

Betsson AB (b)

    27,465        462,453   

Bilia AB - A Shares

    21,486        430,549   

Billerud AB

    55,214        796,436   

BioGaia AB - B Shares

    5,094        168,754   

Biotage AB

    15,339        31,906   

Sweden—(Continued)

   

Bjorn Borg AB (b)

    9,936      29,955   

Bulten AB (a)

    2,144        18,390   

Bure Equity AB

    17,448        91,190   

Byggmax Group AB

    18,326        163,544   

Castellum AB

    50,334        709,086   

Clas Ohlson AB - B Shares

    16,271        249,020   

Cloetta AB - B Shares (b)

    92,493        264,396   

Concentric AB

    27,465        320,140   

Concordia Maritime AB - B Shares (b)

    4,217        7,969   

Dios Fastigheter AB

    17,696        117,519   

Doro AB (b)

    3,391        18,728   

Duni AB

    15,028        220,817   

East Capital Explorer AB (b)

    7,088        44,056   

Eniro AB (a) (b)

    223,372        20,707   

Fabege AB (a)

    48,889        718,126   

Fagerhult AB

    6,390        106,340   

Fastighets AB Balder - B Shares (b)

    36,044        684,622   

Gunnebo AB

    12,816        57,075   

Haldex AB

    17,698        186,760   

Hemfosa Fastigheter AB

    4,358        46,515   

HIQ International AB (a) (b)

    25,890        141,232   

HMS Networks AB

    709        17,175   

Holmen AB - B Shares

    15,352        430,205   

Hufvudstaden AB - A Shares (a)

    15,492        203,169   

Industrial & Financial Systems

    8,127        287,038   

Indutrade AB (a)

    8,907        407,808   

Intrum Justitia AB

    21,993        760,845   

JM AB

    23,748        638,294   

KappAhl AB (a)

    29,980        77,166   

Karolinska Development AB - Class B (a) (b)

    7,514        8,849   

Klovern AB - A Shares

    11,418        10,858   

Klovern AB - B Shares

    114,185        107,908   

Know It AB

    9,489        58,139   

Kungsleden AB

    47,047        316,354   

Lagercrantz AB - B Shares

    8,227        187,465   

Lindab International AB (a)

    21,316        158,536   

Loomis AB - Class B (a)

    25,196        660,788   

Medivir AB - B Shares (b)

    10,470        90,574   

Mekonomen AB (a)

    9,225        214,049   

Modern Times Group MTG AB - B Shares (a)

    9,830        252,952   

MQ Holding AB

    9,112        38,841   

Mycronic AB

    46,878        258,376   

Nederman Holding AB

    932        24,019   

Net Insight AB - Class B (b)

    143,837        46,102   

NetEnt AB (b)

    16,258        904,563   

New Wave Group AB - B Shares (a)

    15,773        60,899   

Nibe Industrier AB - B Shares (a)

    32,023        939,865   

Nobia AB (a)

    51,796        633,342   

Nolato AB - B Shares

    9,452        237,564   

Nordnet AB - B Shares

    33,249        124,477   

OEM International AB - B Shares

    498        6,848   

Peab AB

    53,219        369,491   

Pricer AB - B Shares (b)

    32,212        30,469   

Proact IT Group AB

    4,203        52,264   

Proffice AB - B Shares (a)

    23,058        51,365   

Ratos AB - B Shares

    40,725        245,730   

Rezidor Hotel Group AB

    37,700        145,387   

 

MSF-105


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Sweden—(Continued)

   

Saab AB - Class B (a)

    22,997      $ 616,442   

Sagax AB - Class B

    14,540        102,957   

SAS AB (a) (b)

    41,924        78,698   

Sectra AB (b)

    4,644        2,769   

Sectra AB - B Shares (b)

    4,644        56,510   

Semcon AB

    5,540        23,712   

SkiStar AB

    9,076        129,084   

SSAB AB (Helsinki Exchange) - A Shares (a) (b)

    27,650        95,900   

SSAB AB (Helsinki Exchange) - B Shares (a) (b)

    70,586        214,629   

SSAB AB (Stockholm Exchange) - A Shares (a) (b)

    45,510        156,103   

SSAB AB (Stockholm Exchange) - B Shares (a) (b)

    24,047        72,632   

Sweco AB - B Shares (a)

    18,222        252,537   

Systemair AB

    4,286        54,655   

TradeDoubler AB (b)

    21,483        16,306   

Transcom Worldwide AB (b)

    1,837        17,399   

Tribona AB

    10,192        45,926   

Unibet Group plc

    10,732        899,391   

Vitrolife AB

    4,321        87,688   

Wallenstam AB - B Shares (a)

    64,604        532,114   

Wihlborgs Fastigheter AB

    31,241        560,821   
   

 

 

 
      21,658,039   
   

 

 

 

Switzerland—4.9%

   

AFG Arbonia-Forster Holding AG (a) (b)

    10,560        97,528   

Allreal Holding AG (b)

    3,866        505,953   

Alpiq Holding AG (a) (b)

    156        15,315   

APG SGA S.A.

    647        251,197   

Ascom Holding AG

    19,382        357,417   

Autoneum Holding AG (b)

    2,052        374,011   

Bachem Holding AG

    1,074        55,700   

Baloise Holding AG

    5,667        651,032   

Bank Coop AG

    2,772        116,386   

Banque Cantonale de Geneve

    375        96,941   

Banque Cantonale Vaudoise (a)

    739        436,600   

Basler Kantonalbank

    130        8,754   

Belimo Holding AG (a)

    215        452,563   

Bell AG (a)

    56        155,977   

Bellevue Group AG

    2,584        36,617   

Berner Kantonalbank AG (a)

    1,950        364,202   

BKW AG

    4,798        183,334   

Bobst Group S.A.

    5,636        228,741   

Bossard Holding AG (a) (b)

    3,458        324,069   

Bucher Industries AG (a)

    3,522        757,921   

Burckhardt Compression Holding AG (a)

    1,451        470,045   

Burkhalter Holding AG

    1,554        159,840   

Calida Holding AG (b)

    2,002        68,867   

Carlo Gavazzi Holding AG

    48        10,281   

Cembra Money Bank AG (b)

    632        37,396   

Cham Paper Holding AG (b)

    113        28,522   

Charles Voegele Holding AG (b)

    4,263        33,247   

Cicor Technologies (b)

    644        17,447   

Cie Financiere Tradition S.A.

    557        33,985   

Clariant AG (b)

    16,903        285,389   

Coltene Holding AG

    1,326        77,239   

Conzzeta AG

    292        192,824   

Switzerland—(Continued)

   

Daetwyler Holding AG (a)

    3,298      448,288   

DKSH Holding AG (a) (b)

    745        47,208   

dorma+kaba Holding AG - Class B

    1,194        734,008   

Dufry AG (b)

    7,565        887,096   

Edmond de Rothschild Suisse S.A.

    3        56,331   

EFG International AG (a) (b)

    20,307        216,630   

Emmi AG (a) (b)

    1,190        497,444   

Energiedienst Holding AG (b)

    3,017        81,870   

Feintool International Holding AG (b)

    684        62,817   

Fenix Outdoor International AG

    384        15,286   

FIH Mobile, Ltd.

    110,000        50,829   

Flughafen Zuerich AG

    1,589        1,107,161   

Forbo Holding AG (b)

    819        922,739   

GAM Holding AG (b)

    68,723        1,212,683   

Gategroup Holding AG (b)

    10,889        367,494   

Georg Fischer AG

    2,362        1,342,777   

Gurit Holding AG (b)

    292        161,890   

Helvetia Holding AG

    2,402        1,180,414   

Highlight Communications AG (b)

    7,829        42,701   

HOCHDORF Holding AG (b)

    117        18,029   

Huber & Suhner AG (a)

    5,559        240,020   

Implenia AG

    8,148        403,473   

Inficon Holding AG (a) (b)

    881        246,299   

Interroll Holding AG (b)

    265        189,039   

Intershop Holding AG

    561        233,719   

Jungfraubahn Holding AG

    85        8,017   

Kardex AG (b)

    2,548        168,819   

Komax Holding AG (a)

    1,485        241,086   

Kudelski S.A.

    13,221        181,534   

Kuoni Reisen Holding AG (a) (b)

    1,515        284,790   

LEM Holding S.A. (a)

    312        223,353   

Liechtensteinische Landesbank AG (a)

    2,973        104,530   

LifeWatch AG (b)

    1,912        32,168   

Logitech International S.A. (a)

    84,871        1,108,003   

Luzerner Kantonalbank AG (a)

    1,489        542,661   

MCH Group AG

    831        49,822   

Metall Zug AG

    65        171,403   

Meyer Burger Technology AG (a) (b)

    24,493        157,408   

Micronas Semiconductor Holding AG (b)

    11,059        42,580   

Mikron Holding AG (b)

    474        2,802   

Mobilezone Holding AG

    10,014        137,271   

Mobimo Holding AG (b)

    3,098        625,530   

OC Oerlikon Corp. AG (b)

    101,100        993,853   

Orascom Development Holding AG (b)

    5,250        63,603   

Orell Fuessli Holding AG (b)

    428        50,600   

Oriflame Holding AG (a) (b)

    4,387        54,505   

Orior AG (b)

    2,240        124,150   

Panalpina Welttransport Holding AG (a)

    2,641        289,072   

Phoenix Mecano AG

    337        156,570   

Plazza AG (b)

    292        58,612   

PSP Swiss Property AG (b)

    5,185        426,887   

Rieter Holding AG (a) (b)

    1,437        212,824   

Romande Energie Holding S.A.

    111        106,816   

Schaffner Holding AG (b)

    238        53,259   

Schmolz & Bickenbach AG (b)

    161,565        102,932   

Schweiter Technologies AG

    381        307,670   

Siegfried Holding AG (a) (b)

    1,665        298,303   

 

MSF-106


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

   

St. Galler Kantonalbank AG (a)

    1,175      $ 429,678   

Straumann Holding AG

    4,106        1,182,318   

Sulzer AG (a)

    2,848        279,337   

Swiss Life Holding AG (b)

    2,066        461,888   

Swissquote Group Holding S.A. (a)

    3,968        87,181   

Tamedia AG

    904        148,404   

Tecan Group AG

    2,995        422,567   

Temenos Group AG (b)

    24,817        1,019,926   

Tornos Holding AG (b)

    3,719        11,106   

U-Blox AG (a) (b)

    3,324        671,102   

Valiant Holding AG

    5,102        590,062   

Valora Holding AG (b)

    1,316        250,843   

Vaudoise Assurances Holding S.A.

    531        275,340   

Vetropack Holding AG

    88        142,108   

Von Roll Holding AG (b)

    7,038        4,908   

Vontobel Holding AG

    10,466        531,143   

VP Bank AG

    1,257        103,922   

VZ Holding AG

    86        26,759   

Walliser Kantonalbank

    116        88,203   

Walter Meier AG

    872        31,364   

Ypsomed Holding AG (a) (b)

    1,609        174,175   

Zehnder Group AG

    4,642        152,959   

Zug Estates Holding AG - B Shares (b)

    83        119,922   

Zuger Kantonalbank AG

    68        311,340   
   

 

 

 
      32,549,573   
   

 

 

 

United Arab Emirates—0.0%

   

Lamprell plc (b)

    100,553        173,692   
   

 

 

 

United Kingdom—19.7%

   

4imprint Group plc

    6,953        130,519   

888 Holdings plc (a)

    43,367        108,461   

A.G.BARR plc

    43,047        341,948   

Acacia Mining plc

    56,954        213,830   

Acal plc

    10,523        39,680   

Afren plc (a) (b) (c) (d)

    251,096        6,799   

Air Partner plc

    992        6,406   

Alent plc

    96,981        713,943   

Amec Foster Wheeler plc

    52,979        575,677   

Amlin plc

    215,965        2,148,504   

Anglo Pacific Group plc

    35,633        41,142   

Anglo-Eastern Plantations plc

    4,252        36,393   

Ashmore Group plc (a)

    105,606        394,661   

Atrium European Real Estate, Ltd. (b)

    114,274        499,900   

AVEVA Group plc

    4,501        138,957   

Avon Rubber plc

    10,973        151,598   

Balfour Beatty plc

    272,534        1,039,155   

Bank of Georgia Holdings plc

    6,261        171,204   

Barratt Developments plc

    29,223        285,866   

BBA Aviation plc

    194,908        790,568   

Beazley plc

    235,407        1,274,214   

Bellway plc

    55,252        2,083,320   

Berendsen plc

    72,418        1,101,130   

Berkeley Group Holdings plc

    37,475        1,897,462   

Betfair Group plc

    14,945        752,322   

Bioquell plc

    5,000        10,174   

Bloomsbury Publishing plc

    25,349        65,057   

United Kingdom—(Continued)

   

Bodycote plc

    101,186      845,577   

Booker Group plc

    415,681        1,164,984   

Bovis Homes Group plc

    60,601        924,792   

Braemar Shipping Services plc

    7,120        46,380   

Brammer plc (a)

    36,027        141,287   

Brewin Dolphin Holdings plc (a)

    143,539        559,162   

British Polythene Industries plc

    10,947        120,919   

Britvic plc

    99,017        1,018,125   

BTG plc (b)

    51,257        507,539   

Bwin.Party Digital Entertainment plc

    264,239        444,728   

Cable & Wireless Communications plc

    940,565        790,278   

Cairn Energy plc (b)

    165,216        350,774   

Cape plc (a)

    51,292        183,037   

Capital & Counties Properties plc

    107,134        705,290   

Carclo plc

    16,990        37,116   

Carillion plc (a)

    154,968        709,176   

Carr’s Group plc

    15,540        34,596   

Castings plc

    1,484        9,714   

Centamin plc

    342,133        316,010   

Centaur Media plc

    92,526        111,506   

Chemring Group plc

    85,250        287,919   

Chesnara plc

    56,561        288,089   

Chime Communications plc

    23,457        129,012   

Cineworld Group plc

    70,599        593,522   

Clarkson plc

    4,101        126,593   

Close Brothers Group plc

    58,401        1,321,524   

Cobham plc

    363,956        1,576,097   

Communisis plc

    57,478        47,950   

Computacenter plc

    33,426        382,658   

Connect Group plc

    113,354        269,768   

Consort Medical plc

    23,287        329,822   

Costain Group plc

    21,151        116,201   

Cranswick plc

    21,978        531,033   

Creston plc

    5,272        12,760   

Daily Mail & General Trust plc - Class A (a)

    112,994        1,290,610   

Dairy Crest Group plc (a)

    62,645        577,207   

Darty plc

    135,252        197,982   

De La Rue plc

    25,638        187,272   

Debenhams plc

    392,003        469,360   

Dechra Pharmaceuticals plc

    29,807        423,905   

Development Securities plc

    54,856        203,633   

Devro plc

    61,396        274,078   

Dignity plc

    22,395        807,103   

Diploma plc

    50,006        503,897   

Domino’s Pizza Group plc

    49,248        663,097   

Drax Group plc

    137,597        509,083   

DS Smith plc

    336,909        2,012,740   

Dunelm Group plc

    12,749        173,739   

E2V Technologies plc

    74,152        254,687   

Electrocomponents plc (a)

    174,930        474,786   

Elementis plc

    171,004        578,095   

EnQuest plc (a) (b)

    429,925        180,847   

Enterprise Inns plc (b)

    256,620        420,790   

Essentra plc

    78,989        941,434   

Euromoney Institutional Investor plc

    14,736        211,744   

Evraz plc (b)

    60,200        66,426   

Fenner plc (a)

    78,996        197,270   

 

MSF-107


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

   

Ferrexpo plc

    36,701      $ 19,770   

Fidessa Group plc

    18,229        495,592   

Findel plc (b)

    17,439        64,196   

Firstgroup plc (b)

    412,049        609,796   

Fortune Oil CVR (d)

    575,627        4,354   

Fuller Smith & Turner plc - Class A

    7,667        128,358   

Galliford Try plc

    42,659        1,027,905   

Gem Diamonds, Ltd.

    35,552        62,843   

Genus plc

    26,031        560,155   

Go-Ahead Group plc

    18,671        694,718   

Greene King plc

    121,167        1,460,107   

Greggs plc

    41,552        683,476   

Halfords Group plc

    99,977        699,422   

Halma plc

    135,194        1,478,899   

Hansard Global plc

    2,566        4,435   

Hardy Oil & Gas plc (b)

    14,946        5,992   

Hays plc

    588,959        1,369,187   

Headlam Group plc

    56,817        432,163   

Helical Bar plc

    63,391        393,591   

Henderson Group plc

    414,124        1,637,008   

Henry Boot plc

    1,476        4,963   

Hikma Pharmaceuticals plc

    6,684        230,937   

Hill & Smith Holdings plc

    46,114        490,704   

Hilton Food Group plc

    1,888        13,096   

Hiscox, Ltd.

    110,590        1,577,709   

Hochschild Mining plc (a) (b)

    49,761        52,785   

Hogg Robinson Group plc

    72,262        65,463   

Home Retail Group plc

    358,051        737,869   

HomeServe plc

    138,257        849,991   

Howden Joinery Group plc

    240,144        1,771,724   

Hunting plc

    34,598        210,125   

Huntsworth plc

    31,310        16,872   

ICAP plc

    200,242        1,388,193   

IG Group Holdings plc

    127,101        1,482,683   

Imagination Technologies Group plc (a) (b)

    46,403        154,513   

IMI plc

    16,795        241,484   

Inchcape plc

    161,511        1,761,255   

Informa plc

    200,218        1,704,417   

Innovation Group plc

    623,074        367,837   

Intermediate Capital Group plc

    28,022        219,432   

International Personal Finance plc

    79,366        466,205   

Interserve plc

    69,361        603,712   

IP Group plc (b)

    139,902        488,075   

ITE Group plc

    58,016        123,875   

James Fisher & Sons plc

    20,005        281,871   

Jardine Lloyd Thompson Group plc

    56,771        876,116   

JD Sports Fashion plc

    33,766        488,328   

JD Wetherspoon plc

    40,891        455,880   

John Menzies plc

    14,551        91,031   

John Wood Group plc

    122,821        1,145,010   

Johnston Press plc (b)

    4,425        5,039   

Jupiter Fund Management plc

    111,316        731,946   

KAZ Minerals plc (a) (b)

    44,157        56,670   

Kcom Group plc

    240,465        324,113   

Keller Group plc

    25,571        334,974   

Kier Group plc

    24,077        492,164   

Ladbrokes plc

    312,983        454,281   

United Kingdom—(Continued)

   

Laird plc

    150,399      858,203   

Lancashire Holdings, Ltd. (a)

    58,171        609,039   

Laura Ashley Holdings plc

    25,157        10,012   

Lavendon Group plc

    44,306        104,535   

Lonmin plc (a) (b)

    113,391        27,933   

Lookers plc

    131,372        331,818   

Low & Bonar plc

    37,972        37,530   

LSL Property Services plc

    7,542        39,128   

Man Group plc

    598,620        1,392,923   

Marshalls plc

    63,336        341,712   

Marston’s plc (a)

    328,476        745,332   

McBride plc (b)

    87,417        199,840   

Mears Group plc

    41,542        242,675   

Melrose Industries plc

    379,171        1,519,047   

Michael Page International plc

    84,971        610,717   

Micro Focus International plc

    55,820        1,017,398   

Millennium & Copthorne Hotels plc

    72,551        530,465   

Mitchells & Butlers plc (b)

    67,625        323,428   

Mitie Group plc

    137,149        634,625   

Moneysupermarket.com Group plc

    143,669        736,119   

Morgan Advanced Materials plc

    139,633        598,481   

Morgan Sindall Group plc

    17,569        196,209   

Mothercare plc (b)

    51,119        171,162   

N Brown Group plc (a)

    73,957        343,020   

National Express Group plc

    225,819        974,336   

NCC Group plc

    69,210        287,080   

New World Resources plc - A Shares (b)

    11,898        81   

Northgate plc

    48,315        332,287   

Novae Group plc

    22,502        294,397   

Ophir Energy plc (b)

    49,401        67,281   

Oxford Instruments plc

    13,946        122,846   

Pace plc

    170,988        932,746   

PayPoint plc

    21,247        328,745   

Pendragon plc

    345,188        217,173   

Pennon Group plc

    139,688        1,645,491   

Petra Diamonds, Ltd. (b)

    152,603        194,629   

Petrofac, Ltd.

    10,268        119,684   

Petropavlovsk plc (a) (b)

    68,962        6,158   

Phoenix Group Holdings

    51,559        638,708   

Photo-Me International plc

    27,274        64,803   

Playtech plc

    53,689        673,761   

Premier Farnell plc

    123,033        195,200   

Premier Foods plc (b)

    334,879        161,973   

Premier Oil plc (b)

    172,107        174,017   

Punch Taverns plc (b)

    16,132        29,027   

PZ Cussons plc (a)

    102,110        449,484   

QinetiQ Group plc

    183,469        626,901   

Quintain Estates & Development plc (b)

    231,135        492,883   

Rank Group plc

    29,633        119,859   

Rathbone Brothers plc

    21,429        668,664   

Raven Russia, Ltd. (a) (b)

    84,960        48,818   

REA Holdings plc

    1,120        4,559   

Redrow plc

    166,873        1,153,730   

Regus plc

    206,169        958,275   

Renishaw plc

    17,538        535,784   

Renold plc (b)

    64,766        70,017   

Rentokil Initial plc

    757,972        1,690,814   

 

MSF-108


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

United Kingdom—(Continued)

   

Restaurant Group plc (The)

    78,489      $ 802,373   

Rexam plc

    74,000        586,614   

Ricardo plc

    13,452        179,205   

Rightmove plc

    34,225        1,893,258   

RM plc

    43,283        106,261   

Robert Walters plc

    14,599        90,874   

Rotork plc

    286,300        715,235   

RPC Group plc

    113,085        1,086,356   

RPS Group plc

    100,537        342,712   

Savills plc

    69,739        964,466   

SDL plc

    33,826        166,578   

Senior plc

    166,890        635,803   

Sepura plc

    11,245        29,786   

Serco Group plc (b)

    29,745        45,943   

Severfield plc

    98,696        97,202   

Shanks Group plc

    160,917        223,604   

SIG plc

    252,797        665,209   

Skyepharma plc (b)

    16,528        87,732   

Soco International plc

    50,968        121,974   

Spectris plc

    44,465        1,140,316   

Speedy Hire plc

    205,988        105,712   

Spirax-Sarco Engineering plc

    24,139        1,024,793   

Spirent Communications plc (a)

    240,086        274,567   

Sportech plc (b)

    20,264        17,258   

St. Ives plc

    36,663        100,325   

St. Modwen Properties plc

    94,644        594,879   

Stagecoach Group plc

    135,346        691,796   

Stallergenes Greer (b)

    569        27,969   

Sthree plc

    35,906        189,120   

Stobart Group, Ltd.

    7,112        12,054   

SuperGroup plc (a) (b)

    18,185        375,442   

Synergy Health plc (b)

    30,931        1,016,777   

Synthomer plc

    163,534        843,193   

TalkTalk Telecom Group plc (a)

    188,301        897,198   

Tate & Lyle plc

    166,697        1,488,682   

Ted Baker plc

    9,604        466,467   

Telecity Group plc

    60,786        1,001,506   

Telecom Plus plc (a)

    21,749        368,062   

Thomas Cook Group plc (b)

    485,971        852,834   

Topps Tiles plc

    84,968        187,930   

Tribal Group plc

    21,793        38,789   

Trifast plc

    6,100        10,024   

Trinity Mirror plc

    174,518        397,839   

TT electronics plc

    79,682        160,428   

Tullett Prebon plc

    109,940        623,137   

UBM plc

    110,444        813,260   

Ultra Electronics Holdings plc

    27,882        723,226   

UNITE Group plc (The)

    97,058        959,692   

UTV Media plc

    54,341        140,208   

Vectura Group plc (b)

    199,135        527,969   

Vedanta Resources plc (a)

    28,343        182,886   

Vesuvius plc

    97,752        522,086   

Victrex plc

    35,259        947,907   

Vitec Group plc (The)

    10,351        97,838   

Volex plc (b)

    20,438        20,419   

Vp plc

    1,199        13,495   

WH Smith plc

    58,981        1,397,530   

United Kingdom—(Continued)

   

William Hill plc

    315,264      1,675,933   

Wincanton plc (b)

    37,122        115,361   

WS Atkins plc

    40,167        845,034   

Xaar plc

    18,088        153,412   

Xchanging plc

    131,889        213,070   

XP Power, Ltd. (a)

    3,554        86,107   

Zeal Network SE

    1,934        87,078   
   

 

 

 
      131,438,277   
   

 

 

 

United States—0.0%

   

Nexteer Automotive Group, Ltd.

    244,000        247,151   

Ormat Technologies, Inc.

    1        19   

Performance Sports Group, Ltd. (a) (b)

    1,854        24,841   
   

 

 

 
      272,011   
   

 

 

 

Total Common Stocks
(Cost $596,814,076)

      661,593,528   
   

 

 

 
Preferred Stocks—0.1%                

Germany—0.1%

   

FUCHS Petrolub SE

    4,715        208,091   

Jungheinrich AG

    4,570        330,417   

Sartorius AG

    619        147,398   
   

 

 

 

Total Preferred Stocks
(Cost $629,429)

      685,906   
   

 

 

 
Rights—0.0%                

Australia—0.0%

   

Centrebet International, Ltd. (Litigation Units) (b) (d)

    9,600        0   
   

 

 

 

Austria—0.0%

   

Intercell AG (b) (c) (d)

    24,163        0   
   

 

 

 

Germany—0.0%

   

Rhoen-Klinikum AG, Expires 10/08/15 (a) (b)

    32,246        721   
   

 

 

 

Hong Kong—0.0%

   

International Standard Resources Holdings, Ltd., Expires 10/05/15 (b) (d)

    371,250        287   
   

 

 

 

Total Rights
(Cost $3,638)

      1,008   
   

 

 

 
Warrant—0.0%                

Hong Kong—0.0%

   

Mirror Hotel, Expires 01/19/18 (b)
(Cost $0)

    800        124   
   

 

 

 

 

MSF-109


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Short-Term Investments—21.8%

 

Security Description   Shares/
Principal
Amount*
    Value  

Mutual Fund—21.4%

   

State Street Navigator Securities Lending MET Portfolio (e)

    142,586,061      $ 142,586,061   
   

 

 

 

Repurchase Agreement—0.4%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $3,132,034 on 10/01/15, collateralized by $3,140,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $3,194,950.

    3,132,034        3,132,034   
   

 

 

 

Total Short-Term Investments
(Cost $145,718,095)

      145,718,095   
   

 

 

 

Total Investments—121.1%
(Cost $743,165,238) (f)

      807,998,661   

Other assets and liabilities (net)—(21.1)%

      (140,913,466
   

 

 

 
Net Assets—100.0%     $ 667,085,195   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $137,704,870 and the collateral received consisted of cash in the amount of $142,586,061 and non-cash collateral with a value of $2,868,746. 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) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2015, these securities represent 0.2% of net assets.
(d) Illiquid security. As of September 30, 2015, these securities represent 0.1% of net assets.
(e) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(f) As of September 30, 2015, the aggregate cost of investments was $743,165,238. The aggregate unrealized appreciation and depreciation of investments were $181,743,514 and $(116,910,091), respectively, resulting in net unrealized appreciation of $64,833,423.

 

Ten Largest Industries as of
September 30, 2015 (Unaudited)

  

% of
Net Assets

 

Machinery

     5.8   

Banks

     4.8   

Hotels, Restaurants & Leisure

     4.2   

Real Estate Management & Development

     3.9   

Media

     3.9   

Construction & Engineering

     3.7   

Food Products

     3.6   

Specialty Retail

     3.4   

Metals & Mining

     3.4   

Chemicals

     3.2   

 

MSF-110


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Australia

   $ 59,883       $ 37,125,669       $ 14,479       $ 37,200,031   

Austria

     —           6,287,166         440         6,287,606   

Belgium

     669,741         10,711,968         —           11,381,709   

Cambodia

     —           275,593         —           275,593   

Canada

     46,383,861         11,491         1,952         46,397,304   

China

     17,371         10,754         —           28,125   

Denmark

     —           12,835,569         —           12,835,569   

Finland

     —           18,096,367         3,654         18,100,021   

France

     —           29,956,988         0         29,956,988   

Germany

     —           40,942,161         —           40,942,161   

Hong Kong

     184,589         19,818,986         25,466         20,029,041   

Ireland

     —           10,161,271         —           10,161,271   

Israel

     26,834         5,940,229         —           5,967,063   

Italy

     —           26,875,364         22,461         26,897,825   

Japan

     —           154,702,602         1,404,028         156,106,630   

Luxembourg

     —           159,393         —           159,393   

Macau

     —           46,152         —           46,152   

Netherlands

     —           15,188,706         0         15,188,706   

New Zealand

     7,284         7,542,822         15,316         7,565,422   

Norway

     —           5,497,160         —           5,497,160   

Philippines

     —           16,767         —           16,767   

Portugal

     —           3,323,189         0         3,323,189   

Singapore

     139,161         7,841,189         143,545         8,123,895   

Spain

     —           13,014,315         0         13,014,315   

Sweden

     2,769         21,655,270         —           21,658,039   

Switzerland

     84,853         32,464,720         —           32,549,573   

United Arab Emirates

     —           173,692         —           173,692   

United Kingdom

     38,315         131,393,163         6,799         131,438,277   

United States

     24,841         247,170         —           272,011   

Total Common Stocks

     47,639,502         612,315,886         1,638,140         661,593,528   

Total Preferred Stocks*

     —           685,906         —           685,906   

 

MSF-111


Table of Contents

Metropolitan Series Fund

Met/Dimensional International Small Company Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  
Rights           

Australia

   $ 0       $ —        $ —         $ 0   

Austria

     —           —          0         0   

Germany

     721         —          —           721   

Hong Kong

     287         —          —           287   

Total Rights

     1,008         —          0         1,008   

Total Warrant*

     124         —          —           124   
Short-Term Investments           

Mutual Fund

     142,586,061         —          —           142,586,061   

Repurchase Agreement

     —           3,132,034        —           3,132,034   

Total Short-Term Investments

     142,586,061         3,132,034        —           145,718,095   

Total Investments

   $ 190,226,695       $ 616,133,826      $ 1,638,140       $ 807,998,661   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (142,586,061   $ —         $ (142,586,061

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 2 to Level 1 in the amount of $222,673 were due to the discontinuation of a systematic fair valuation model factor. Transfers from Level 1 to Level 2 in the amount of $461,032 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,
2014
    Realized
Gain/(Loss)
    Change in
Unrealized
Appreciation/
(Depreciation)
    Purchases     Sales     Transfers
into
Level 3
    Transfers
out of
Level 3
    Balance as of
September 30,
2015
    Change in
Unrealized
Appreciation/
(Depreciation)
from Investments
Still Held at
September 30,
2015
 
Common Stocks                  

Australia

  $ 42,773      $ (384,834   $ 336,825      $      $ (1,030   $ 20,745      $      $ 14,479      $ (28,724

Austria

           (5,771     6,358               (147                   440        6,358   

Canada

    7,196               (290                          (4,954     1,952        (290

Finland

    10,518               (6,864                                 3,654        (6,864

France

                                                     0          

Hong Kong

    54,211        36,715        64,225               (156,202     26,517               25,466        (1,756

Italy

                  (20,456                   42,917               22,461        (20,456

Japan

             262,008        34,295               1,107,725          1,404,028        262,008   

Netherlands

                                                     0          

New Zealand

                  1,375        13,941                             15,316        1,375   

Portugal

                                                     0          

Singapore

                  (95,145     15,087               223,603               143,545        (95,145

Spain

                                                     0          

United Kingdom

                  (173,555                   180,354               6,799        (173,555
Rights                  

Austria

                                                     0          
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 114,698      $ (353,890   $ 374,481      $ 63,323      $ (157,379   $ 1,601,861      $ (4,954   $ 1,638,140      $ (57,049
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Common stocks in the amount of $1,601,861 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 $4,954 were transferred out of Level 3 due to the resumption of trading activity which resulted in the availability of significant observable inputs.

 

MSF-112


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio

Schedule of Investments as of September 30, 2015 (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)

    719,872      $ 6,673,209   

BlackRock Bond Income Portfolio (Class A) (a)

    760,940        81,215,164   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    193,815        6,574,188   

BlackRock High Yield Portfolio (Class A) (b)

    447,755        3,290,997   

BlackRock Large Cap Value Portfolio (Class A) (a)

    808,773        6,599,585   

Clarion Global Real Estate Portfolio (Class A) (b)

    297,807        3,389,043   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    298,418        3,297,519   

Harris Oakmark International Portfolio (Class A) (b)

    511,727        6,601,279   

Invesco Comstock Portfolio (Class A) (b)

    995,941        13,255,978   

Jennison Growth Portfolio (Class A) (a)

    469,956        6,621,681   

JPMorgan Core Bond Portfolio (Class A) (b)

    6,207,027        64,428,937   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    224,748        3,308,294   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    282,694        3,301,862   

Met/Artisan International Portfolio (Class A) (b)

    735,024        6,607,863   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    15,547        3,321,770   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    1,336,918        13,409,284   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    4,189,264        40,342,609   

Met/Templeton International Bond Portfolio (Class A) (b)

    1,366,305        13,335,139   

MetLife Small Cap Value Portfolio (Class A) (b)

    268,147        3,298,202   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    206,682        1,678,262   

MFS Research International Portfolio
(Class A) (b)

    490,096        4,984,276   

MFS Value Portfolio (Class A) (a)

    932,759        13,310,469   

Neuberger Berman Genesis Portfolio (Class A) (a)

    375,127        6,598,479   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    6,452,091        60,391,568   

PIMCO Total Return Portfolio (Class A) (b)

    7,147,084        80,762,050   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    314,818        6,582,853   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    420,916        13,309,354   

TCW Core Fixed Income Portfolio
(Class A) (b) (c)

    6,434,061        64,340,611   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    1,848,669        23,385,660   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    7,352,901        87,867,164   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    503,908        13,378,766   

WMC Large Cap Research Portfolio (Class A) (b)

    508,937        6,631,451   
   

 

 

 

Total Mutual Funds
(Cost $700,503,119)

      672,093,566   
   

 

 

 

Total Investments—100.0%
(Cost $700,503,119) (d)

      672,093,566   

Other assets and liabilities (net)—0.0%

      (285,808
   

 

 

 
Net Assets—100.0%     $ 671,807,758   
   

 

 

 

 

(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, 2015, the aggregate cost of investments was $700,503,119. The aggregate unrealized appreciation and depreciation of investments were $4,692,560 and $(33,102,113), respectively, resulting in net unrealized depreciation of $(28,409,553).

 

MSF-113


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 20 Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 672,093,566       $ —         $ —         $ 672,093,566   

Total Investments

   $ 672,093,566       $ —         $ —         $ 672,093,566   
                                     

 

MSF-114


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of September 30, 2015 (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)

    14,910,042      $ 138,216,093   

BlackRock Bond Income Portfolio (Class A) (a)

    6,445,770        687,957,075   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    4,153,554        140,888,561   

BlackRock High Yield Portfolio (Class A) (b)

    5,044,159        37,074,568   

BlackRock Large Cap Value Portfolio (Class A) (a)

    17,074,308        139,326,357   

Clarion Global Real Estate Portfolio (Class A) (b)

    4,871,558        55,438,332   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    6,988,660        102,174,214   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    3,174,362        35,076,701   

Harris Oakmark International Portfolio (Class A) (b)

    13,086,482        168,815,620   

Invesco Comstock Portfolio (Class A) (b)

    15,796,928        210,257,110   

Invesco Small Cap Growth Portfolio (Class A) (b)

    7,126,802        104,265,118   

Jennison Growth Portfolio (Class A) (a)

    7,618,406        107,343,336   

JPMorgan Core Bond Portfolio (Class A) (b)

    51,685,907        536,499,715   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    4,781,990        70,390,899   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    3,185,073        37,201,658   

Met/Artisan International Portfolio (Class A) (b)

    9,233,912        83,012,872   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    166,078        35,484,202   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    15,097,729        151,430,226   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    31,538,364        303,714,446   

Met/Templeton International Bond Portfolio (Class A) (b)

    23,005,577        224,534,432   

MetLife Small Cap Value Portfolio
(Class A) (b)

    5,780,371        71,098,569   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    8,227,612        66,808,206   

MFS Research International Portfolio (Class A) (b)

    10,229,609        104,035,127   

MFS Value Portfolio (Class A) (a)

    17,673,727        252,204,082   

Neuberger Berman Genesis Portfolio (Class A) (a)

    4,133,609        72,710,175   

Oppenheimer Global Equity Portfolio (Class A) (b)

    1,782,485        34,491,094   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    48,491,307        453,878,630   

PIMCO Total Return Portfolio (Class A) (b)

    60,473,565        683,351,287   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    6,803,693        142,265,224   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    7,856,434        248,420,443   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    3,343,336        36,174,900   

TCW Core Fixed Income Portfolio (Class A) (b) (c)

    53,302,038        533,020,377   

Affiliated Investment Companies—(Continued)

  

Van Eck Global Natural Resources Portfolio (Class A) (a)

    7,632,808      61,902,072   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    17,866,288        226,008,539   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    51,121,292        610,899,434   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    9,657,572        256,408,537   

WMC Large Cap Research Portfolio (Class A) (b)

    10,987,621        143,168,700   
   

 

 

 

Total Mutual Funds
(Cost $7,526,788,787)

      7,365,946,931   
   

 

 

 

Total Investments—100.0%
(Cost $7,526,788,787) (d)

      7,365,946,931   

Other assets and liabilities (net)—0.0%

      (2,066,308
   

 

 

 
Net Assets—100.0%     $ 7,363,880,623   
   

 

 

 

 

(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, 2015, the aggregate cost of investments was $7,526,788,787. The aggregate unrealized appreciation and depreciation of investments were $230,895,852 and $(391,737,708), respectively, resulting in net unrealized depreciation of $(160,841,856).

 

MSF-115


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 40 Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 7,365,946,931       $ —         $ —         $ 7,365,946,931   

Total Investments

   $ 7,365,946,931       $ —         $ —         $ 7,365,946,931   
                                     

 

MSF-116


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of September 30, 2015 (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)

    37,582,463      $ 348,389,428   

BlackRock Bond Income Portfolio (Class A) (a)

    8,644,343        922,610,698   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    12,654,019        429,224,320   

BlackRock High Yield Portfolio (Class A) (b)

    12,171,883        89,463,343   

BlackRock Large Cap Value Portfolio (Class A) (a)

    60,524,689        493,881,459   

Clarion Global Real Estate Portfolio (Class A) (b)

    19,779,200        225,087,298   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    28,750,345        420,330,047   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    6,424,462        70,990,301   

Harris Oakmark International Portfolio (Class A) (b)

    31,778,130        409,937,873   

Invesco Comstock Portfolio (Class A) (b)

    37,353,724        497,178,073   

Invesco Small Cap Growth Portfolio (Class A) (b)

    16,860,608        246,670,702   

Jennison Growth Portfolio (Class A) (a)

    36,170,252        509,638,845   

JPMorgan Core Bond Portfolio (Class A) (b)

    66,849,871        693,901,663   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    9,691,471        142,658,446   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    5,528,299        69,767,136   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    8,963,181        104,689,949   

Met/Artisan International Portfolio (Class A) (b)

    30,397,590        273,274,335   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    670,631        143,287,087   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    11,957,501        147,316,406   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    30,372,746        304,638,640   

Met/Franklin Low Duration Total Return Portfolio (Class A) (b)

    47,582,124        458,215,856   

Met/Templeton International Bond Portfolio (Class A) (b)

    46,247,929        451,379,784   

MetLife Small Cap Value Portfolio (Class A) (b)

    14,644,360        180,125,631   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    29,024,610        235,679,834   

MFS Research International Portfolio (Class A) (b)

    27,615,154        280,846,118   

MFS Value Portfolio (Class A) (a)

    46,125,284        658,207,807   

Neuberger Berman Genesis Portfolio (Class A) (a)

    10,466,203        184,100,519   

Oppenheimer Global Equity Portfolio (Class A) (b)

    7,231,873        139,936,747   

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    48,679,500        455,640,120   

PIMCO Total Return Portfolio (Class A) (b)

    81,060,028        915,978,316   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    20,719,075        433,235,858   

Affiliated Investment Companies—(Continued)

  

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    18,197,178      575,394,775   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    13,526,966        146,361,767   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    10,195,617        214,515,785   

TCW Core Fixed Income Portfolio (Class A) (b) (c)

    68,814,368        688,143,675   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    30,785,995        249,674,417   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    20,291,241        256,684,199   

Western Asset Management U.S. Government Portfolio (Class A) (a)

    51,429,334        614,580,541   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    22,445,789        595,935,699   

WMC Large Cap Research Portfolio (Class A) (b)

    27,906,163        363,617,305   

Total Mutual Funds
(Cost $14,832,022,211)

      14,641,190,802   
   

 

 

 

Total Investments—100.0%
(Cost $14,832,022,211) (d)

      14,641,190,802   

Other assets and liabilities (net)—0.0%

      (3,805,558
   

 

 

 
Net Assets—100.0%     $ 14,637,385,244   
   

 

 

 

 

(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, 2015, the aggregate cost of investments was $14,832,022,211. The aggregate unrealized appreciation and depreciation of investments were $679,614,975 and $(870,446,384), respectively, resulting in net unrealized depreciation of $(190,831,409).

 

MSF-117


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 60 Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 14,641,190,802       $ —         $ —         $ 14,641,190,802   

Total Investments

   $ 14,641,190,802       $ —         $ —         $ 14,641,190,802   
                                     

 

MSF-118


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of September 30, 2015 (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)

    40,443,281      $ 374,909,215   

BlackRock Bond Income Portfolio (Class A) (a)

    3,234,268        345,193,448   

BlackRock Capital Appreciation Portfolio (Class A) (a)

    11,254,994        381,769,397   

BlackRock High Yield Portfolio (Class A) (b)

    7,593,370        55,811,269   

BlackRock Large Cap Value Portfolio (Class A) (a)

    46,299,752        377,805,978   

Clarion Global Real Estate Portfolio (Class A) (b)

    25,105,550        285,701,164   

ClearBridge Aggressive Growth Portfolio (Class A) (b)

    32,990,364        482,319,119   

Frontier Mid Cap Growth Portfolio (Class A) (a)

    1,660,050        54,831,465   

Goldman Sachs Mid Cap Value Portfolio (Class A) (b)

    14,825,469        163,821,437   

Harris Oakmark International Portfolio (Class A) (b)

    32,432,001        418,372,811   

Invesco Comstock Portfolio (Class A) (b)

    36,755,895        489,220,963   

Invesco Mid Cap Value Portfolio (Class A) (b)

    3,029,020        53,704,517   

Invesco Small Cap Growth Portfolio (Class A) (b)

    20,188,082        295,351,644   

Jennison Growth Portfolio (Class A) (a)

    39,254,511        553,096,059   

JPMorgan Core Bond Portfolio (Class A) (b)

    22,238,353        230,834,105   

JPMorgan Small Cap Value Portfolio (Class A) (b)

    11,188,281        164,691,493   

Loomis Sayles Small Cap Growth Portfolio (Class A) (a)

    12,658,794        159,753,975   

Lord Abbett Bond Debenture Portfolio (Class A) (b)

    14,393,959        168,121,437   

Met/Artisan International Portfolio (Class A) (b)

    33,991,320        305,581,963   

Met/Artisan Mid Cap Value Portfolio (Class A) (a)

    515,496        110,140,833   

Met/Dimensional International Small Company Portfolio (Class A) (a)

    18,148,080        223,584,342   

Met/Eaton Vance Floating Rate Portfolio (Class A) (b)

    11,365,545        113,996,412   

Met/Templeton International Bond Portfolio (Class A) (b)

    34,583,430        337,534,274   

MetLife Small Cap Value Portfolio (Class A) (b)

    13,487,257        165,893,257   

MFS Emerging Markets Equity Portfolio (Class A) (b)

    31,666,538        257,132,291   

MFS Research International Portfolio (Class A) (b)

    31,662,838        322,011,067   

MFS Value Portfolio (Class A) (a)

    39,074,639        557,595,106   

Morgan Stanley Mid Cap Growth Portfolio (Class A) (b) (c)

    3,556,362        53,701,070   

Neuberger Berman Genesis Portfolio (Class A) (a)

    4,747,347        83,505,834   

Oppenheimer Global Equity Portfolio (Class A) (b)

    5,516,457        106,743,436   

Affiliated Investment Companies—(Continued)

  

PIMCO Inflation Protected Bond Portfolio (Class A) (b)

    18,167,220      170,045,175   

PIMCO Total Return Portfolio (Class A) (b)

    30,354,165        343,002,070   

T. Rowe Price Large Cap Growth Portfolio (Class A) (a)

    23,578,513        493,026,714   

T. Rowe Price Large Cap Value Portfolio (Class A) (b)

    15,654,786        495,004,336   

T. Rowe Price Mid Cap Growth Portfolio (Class A) (b)

    10,208,229        110,453,041   

T. Rowe Price Small Cap Growth Portfolio (Class A) (a)

    7,731,115        162,662,653   

TCW Core Fixed Income Portfolio (Class A) (b) (c)

    22,949,284        229,492,844   

Van Eck Global Natural Resources Portfolio (Class A) (a)

    35,259,196        285,952,081   

Western Asset Management Strategic Bond Opportunities Portfolio (Class A) (a)

    8,984,105        113,648,930   

WMC Core Equity Opportunities Portfolio (Class A) (a)

    19,169,735        508,956,464   

WMC Large Cap Research Portfolio (Class A) (b)

    25,549,596        332,911,234   
   

 

 

 

Total Mutual Funds
(Cost $10,920,968,728)

      10,937,884,923   
   

 

 

 

Total Investments—100.0%
(Cost $10,920,968,728) (d)

      10,937,884,923   

Other assets and liabilities (net)—0.0%

      (2,912,925
   

 

 

 
Net Assets—100.0%     $ 10,934,971,998   
   

 

 

 

 

(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, 2015, the aggregate cost of investments was $10,920,968,728. The aggregate unrealized appreciation and depreciation of investments were $705,707,696 and $(688,791,501), respectively, resulting in net unrealized appreciation of $16,916,195.

 

MSF-119


Table of Contents

Metropolitan Series Fund

MetLife Asset Allocation 80 Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Mutual Funds            

Affiliated Investment Companies

   $ 10,937,884,923       $ —         $ —         $ 10,937,884,923   

Total Investments

   $ 10,937,884,923       $ —         $ —         $ 10,937,884,923   
                                     

 

MSF-120


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—95.4% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.5%

  

BE Aerospace, Inc.

    62,790      $ 2,756,481   

Esterline Technologies Corp. (a)

    18,211        1,309,189   

Huntington Ingalls Industries, Inc.

    28,266        3,028,702   

KLX, Inc. (a)

    31,184        1,114,516   

Orbital ATK, Inc.

    34,937        2,510,922   

Teledyne Technologies, Inc. (a)

    20,920        1,889,076   

Triumph Group, Inc.

    29,145        1,226,422   
   

 

 

 
      13,835,308   
   

 

 

 

Airlines—1.2%

  

Alaska Air Group, Inc. (b)

    75,261        5,979,486   

JetBlue Airways Corp. (a) (b)

    186,087        4,795,462   
   

 

 

 
      10,774,948   
   

 

 

 

Auto Components—0.5%

  

Dana Holding Corp. (b)

    94,742        1,504,503   

Gentex Corp.

    173,111        2,683,220   
   

 

 

 
      4,187,723   
   

 

 

 

Automobiles—0.2%

  

Thor Industries, Inc.

    26,945        1,395,751   
   

 

 

 

Banks—5.5%

  

Associated Banc-Corp.

    88,790        1,595,556   

BancorpSouth, Inc.

    51,520        1,224,630   

Bank of Hawaii Corp. (b)

    25,714        1,632,582   

Bank of the Ozarks, Inc. (b)

    46,184        2,021,012   

Cathay General Bancorp

    45,410        1,360,484   

City National Corp.

    28,671        2,524,768   

Commerce Bancshares, Inc. (b)

    47,447        2,161,685   

Cullen/Frost Bankers, Inc. (b)

    32,864        2,089,493   

East West Bancorp, Inc.

    85,030        3,266,853   

First Horizon National Corp.

    138,330        1,961,519   

First Niagara Financial Group, Inc.

    209,736        2,141,405   

FirstMerit Corp.

    97,984        1,731,377   

Fulton Financial Corp.

    103,410        1,251,261   

Hancock Holding Co.

    46,155        1,248,493   

International Bancshares Corp.

    33,004        826,090   

PacWest Bancorp (b)

    60,329        2,582,684   

Prosperity Bancshares, Inc.

    38,918        1,911,263   

Signature Bank (a)

    30,074        4,136,979   

SVB Financial Group (a)

    30,428        3,515,651   

Synovus Financial Corp.

    78,021        2,309,422   

TCF Financial Corp.

    99,956        1,515,333   

Trustmark Corp.

    39,933        925,248   

Umpqua Holdings Corp.

    130,250        2,123,075   

Valley National Bancorp (b)

    137,563        1,353,620   

Webster Financial Corp.

    54,336        1,935,992   
   

 

 

 
      49,346,475   
   

 

 

 

Beverages—0.1%

  

Boston Beer Co., Inc. (The) - Class A (a) (b)

    5,735        1,207,848   
   

 

 

 

Biotechnology—0.4%

  

United Therapeutics Corp. (a)

    26,919        3,532,850   
   

 

 

 

Building Products—1.1%

  

AO Smith Corp.

    44,765      $ 2,918,230   

Fortune Brands Home & Security, Inc. (b)

    94,540        4,487,814   

Lennox International, Inc.

    23,689        2,684,675   
   

 

 

 
      10,090,719   
   

 

 

 

Capital Markets—1.9%

  

Eaton Vance Corp.

    69,459        2,321,320   

Federated Investors, Inc. - Class B (b)

    56,282        1,626,550   

Janus Capital Group, Inc. (b)

    87,148        1,185,213   

Raymond James Financial, Inc.

    75,750        3,759,472   

SEI Investments Co.

    82,368        3,972,609   

Stifel Financial Corp. (a)

    41,042        1,727,868   

Waddell & Reed Financial, Inc. - Class A

    49,499        1,721,080   

WisdomTree Investments, Inc. (b)

    67,724        1,092,388   
   

 

 

 
      17,406,500   
   

 

 

 

Chemicals—3.0%

  

Albemarle Corp.

    66,323        2,924,844   

Ashland, Inc.

    39,973        4,022,083   

Cabot Corp.

    37,189        1,173,685   

Chemours Co. (The)

    106,976        692,135   

Cytec Industries, Inc.

    42,242        3,119,572   

Minerals Technologies, Inc.

    20,540        989,207   

NewMarket Corp. (b)

    6,169        2,202,333   

Olin Corp. (b)

    45,824        770,302   

PolyOne Corp.

    52,404        1,537,533   

RPM International, Inc.

    78,871        3,303,906   

Scotts Miracle-Gro Co. (The) - Class A

    26,798        1,629,854   

Sensient Technologies Corp.

    27,090        1,660,617   

Valspar Corp. (The) (b)

    43,699        3,141,084   
   

 

 

 
      27,167,155   
   

 

 

 

Commercial Services & Supplies—1.6%

  

Clean Harbors, Inc. (a) (b)

    31,429        1,381,933   

Copart, Inc. (a)

    64,687        2,128,202   

Deluxe Corp. (b)

    29,531        1,646,058   

Herman Miller, Inc.

    35,370        1,020,071   

HNI Corp.

    26,215        1,124,624   

MSA Safety, Inc.

    18,766        750,077   

Rollins, Inc.

    55,561        1,492,924   

RR Donnelley & Sons Co. (b)

    123,363        1,796,165   

Waste Connections, Inc.

    72,949        3,543,862   
   

 

 

 
      14,883,916   
   

 

 

 

Communications Equipment—1.0%

  

ARRIS Group, Inc. (a)

    79,718        2,070,277   

Ciena Corp. (a) (b)

    74,874        1,551,389   

InterDigital, Inc. (b)

    21,229        1,074,187   

NetScout Systems, Inc. (a)

    59,546        2,106,142   

Plantronics, Inc.

    20,829        1,059,155   

Polycom, Inc. (a)

    78,829        826,128   
   

 

 

 
      8,687,278   
   

 

 

 

 

MSF-121


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Construction & Engineering—0.5%

  

AECOM (a) (b)

    89,237      $ 2,454,910   

Granite Construction, Inc.

    23,276        690,599   

KBR, Inc.

    85,323        1,421,481   
   

 

 

 
      4,566,990   
   

 

 

 

Construction Materials—0.2%

  

Eagle Materials, Inc.

    29,782        2,037,684   
   

 

 

 

Consumer Finance—0.2%

  

SLM Corp. (a)

    251,741        1,862,883   
   

 

 

 

Containers & Packaging—1.4%

  

Aptargroup, Inc.

    37,119        2,448,369   

Bemis Co., Inc.

    57,597        2,279,113   

Greif, Inc. - Class A

    15,193        484,809   

Packaging Corp. of America

    57,765        3,475,142   

Silgan Holdings, Inc.

    23,912        1,244,381   

Sonoco Products Co.

    59,659        2,251,531   
   

 

 

 
      12,183,345   
   

 

 

 

Distributors—0.6%

  

LKQ Corp. (a)

    180,240        5,111,606   
   

 

 

 

Diversified Consumer Services—0.8%

  

Apollo Education Group, Inc. (a)

    59,586        659,021   

DeVry Education Group, Inc. (b)

    33,788        919,371   

Graham Holdings Co. - Class B

    2,653        1,530,781   

Service Corp. International

    118,445        3,209,860   

Sotheby’s (b)

    36,561        1,169,221   
   

 

 

 
      7,488,254   
   

 

 

 

Diversified Financial Services—0.7%

  

CBOE Holdings, Inc.

    48,935        3,282,560   

MSCI, Inc.

    58,338        3,468,777   
   

 

 

 
      6,751,337   
   

 

 

 

Electric Utilities—1.8%

  

Cleco Corp.

    35,750        1,903,330   

Great Plains Energy, Inc.

    91,227        2,464,954   

Hawaiian Electric Industries, Inc.

    63,518        1,822,331   

IDACORP, Inc. (b)

    29,757        1,925,576   

OGE Energy Corp.

    118,034        3,229,410   

PNM Resources, Inc.

    47,083        1,320,678   

Westar Energy, Inc.

    83,495        3,209,548   
   

 

 

 
      15,875,827   
   

 

 

 

Electrical Equipment—0.9%

  

Acuity Brands, Inc.

    25,738        4,519,078   

Hubbell, Inc. - Class B

    29,971        2,546,036   

Regal-Beloit Corp.

    26,504        1,496,151   
   

 

 

 
      8,561,265   
   

 

 

 

Electronic Equipment, Instruments & Components—3.4%

  

Arrow Electronics, Inc. (a)

    55,812        3,085,287   

Avnet, Inc.

    79,478        3,392,121   

Electronic Equipment, Instruments & Components—(Continued)

  

Belden, Inc.

    25,222      $ 1,177,615   

Cognex Corp.

    51,486        1,769,574   

FEI Co.

    24,585        1,795,688   

Ingram Micro, Inc. - Class A

    92,106        2,508,967   

IPG Photonics Corp. (a)

    21,504        1,633,659   

Jabil Circuit, Inc.

    114,573        2,562,998   

Keysight Technologies, Inc. (a)

    100,096        3,086,961   

Knowles Corp. (a) (b)

    52,232        962,636   

National Instruments Corp.

    60,174        1,672,235   

Tech Data Corp. (a)

    20,880        1,430,280   

Trimble Navigation, Ltd. (a)

    151,942        2,494,888   

Vishay Intertechnology, Inc. (b)

    80,059        775,772   

Zebra Technologies Corp. - Class A (a)

    30,781        2,356,286   
   

 

 

 
      30,704,967   
   

 

 

 

Energy Equipment & Services—1.3%

  

Atwood Oceanics, Inc. (b)

    34,394        509,375   

Dril-Quip, Inc. (a)

    22,879        1,332,015   

Helix Energy Solutions Group, Inc. (a)

    58,249        279,013   

Nabors Industries, Ltd.

    172,506        1,630,182   

Noble Corp. plc (b)

    143,029        1,560,447   

Oceaneering International, Inc.

    57,836        2,271,798   

Oil States International, Inc. (a)

    30,317        792,183   

Patterson-UTI Energy, Inc. (b)

    87,009        1,143,298   

Rowan Cos. plc - Class A

    73,766        1,191,321   

Superior Energy Services, Inc.

    89,106        1,125,409   
   

 

 

 
      11,835,041   
   

 

 

 

Food & Staples Retailing—0.5%

  

Casey’s General Stores, Inc.

    23,046        2,371,894   

SUPERVALU, Inc. (a)

    156,587        1,124,295   

United Natural Foods, Inc. (a)

    29,607        1,436,236   
   

 

 

 
      4,932,425   
   

 

 

 

Food Products—2.2%

  

Dean Foods Co.

    55,817        922,097   

Flowers Foods, Inc.

    109,331        2,704,849   

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

    60,654        3,129,746   

Ingredion, Inc.

    42,188        3,683,434   

Lancaster Colony Corp.

    11,483        1,119,363   

Post Holdings, Inc. (a) (b)

    35,881        2,120,567   

Tootsie Roll Industries, Inc. (b)

    10,565        330,579   

TreeHouse Foods, Inc. (a)

    25,457        1,980,300   

WhiteWave Foods Co. (The) (a)

    103,892        4,171,264   
   

 

 

 
      20,162,199   
   

 

 

 

Gas Utilities—1.6%

  

Atmos Energy Corp.

    59,920        3,486,146   

National Fuel Gas Co. (b)

    49,988        2,498,400   

ONE Gas, Inc. (b)

    30,824        1,397,252   

Questar Corp.

    103,879        2,016,291   

UGI Corp.

    102,129        3,556,132   

WGL Holdings, Inc.

    29,395        1,695,210   
   

 

 

 
      14,649,431   
   

 

 

 

 

MSF-122


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—4.0%

  

Align Technology, Inc. (a)

    43,074      $ 2,444,880   

Cooper Cos., Inc. (The)

    28,722        4,275,557   

Halyard Health, Inc. (a)

    27,552        783,579   

Hill-Rom Holdings, Inc.

    33,334        1,733,035   

Hologic, Inc. (a)

    144,920        5,670,720   

IDEXX Laboratories, Inc. (a) (b)

    54,385        4,038,086   

ResMed, Inc.

    83,059        4,232,687   

Sirona Dental Systems, Inc. (a)

    33,017        3,081,807   

STERIS Corp.

    35,370        2,297,989   

Teleflex, Inc. (b)

    24,588        3,054,075   

Thoratec Corp. (a)

    32,392        2,049,118   

West Pharmaceutical Services, Inc.

    42,562        2,303,455   
   

 

 

 
      35,964,988   
   

 

 

 

Health Care Providers & Services—2.6%

  

Centene Corp. (a)

    70,395        3,817,521   

Community Health Systems, Inc. (a)

    69,821        2,986,244   

Health Net, Inc. (a)

    45,685        2,751,151   

LifePoint Health, Inc. (a)

    26,250        1,861,125   

MEDNAX, Inc. (a) (b)

    55,611        4,270,369   

Molina Healthcare, Inc. (a) (b)

    24,189        1,665,413   

Owens & Minor, Inc. (b)

    37,250        1,189,765   

VCA, Inc. (a)

    47,970        2,525,620   

WellCare Health Plans, Inc. (a)

    26,051        2,245,075   
   

 

 

 
      23,312,283   
   

 

 

 

Health Care Technology—0.2%

  

Allscripts Healthcare Solutions, Inc. (a)

    111,670        1,384,708   
   

 

 

 

Hotels, Restaurants & Leisure—2.2%

  

Brinker International, Inc. (b)

    35,528        1,871,260   

Buffalo Wild Wings, Inc. (a) (b)

    11,239        2,173,960   

Cheesecake Factory, Inc. (The) (b)

    26,691        1,440,246   

Cracker Barrel Old Country Store, Inc. (b)

    14,162        2,085,779   

Domino’s Pizza, Inc.

    32,460        3,502,758   

Dunkin’ Brands Group, Inc. (b)

    56,297        2,758,553   

International Speedway Corp. - Class A

    15,794        500,986   

Jack in the Box, Inc.

    21,621        1,665,682   

Panera Bread Co. - Class A (a) (b)

    14,430        2,790,906   

Wendy’s Co. (The)

    137,269        1,187,377   
   

 

 

 
      19,977,507   
   

 

 

 

Household Durables—2.1%

  

Jarden Corp. (a) (c)

    117,279        5,732,597   

KB Home (b)

    53,846        729,613   

MDC Holdings, Inc. (b)

    23,116        605,177   

NVR, Inc. (a)

    2,257        3,442,422   

Tempur Sealy International, Inc. (a)

    36,585        2,613,267   

Toll Brothers, Inc. (a)

    95,848        3,281,835   

TRI Pointe Group, Inc. (a)

    86,043        1,126,303   

Tupperware Brands Corp. (b)

    29,488        1,459,361   
   

 

 

 
      18,990,575   
   

 

 

 

Household Products—0.9%

  

Church & Dwight Co., Inc.

    77,405        6,494,280   

Household Products—(Continued)

  

Energizer Holdings, Inc.

    36,762      1,423,057   
   

 

 

 
      7,917,337   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.0%

  

Talen Energy Corp. (a)

    37,981        383,608   
   

 

 

 

Industrial Conglomerates—0.4%

  

Carlisle Cos., Inc.

    38,557        3,369,111   
   

 

 

 

Insurance—5.7%

  

Alleghany Corp. (a)

    9,439        4,418,490   

American Financial Group, Inc.

    42,465        2,926,263   

Arthur J. Gallagher & Co.

    103,174        4,259,023   

Aspen Insurance Holdings, Ltd.

    35,926        1,669,481   

Brown & Brown, Inc.

    69,114        2,140,461   

CNO Financial Group, Inc.

    113,622        2,137,230   

Endurance Specialty Holdings, Ltd.

    35,811        2,185,545   

Everest Re Group, Ltd. (b)

    26,120        4,527,641   

First American Financial Corp. (b)

    64,219        2,509,036   

Hanover Insurance Group, Inc. (The)

    26,123        2,029,757   

HCC Insurance Holdings, Inc.

    56,536        4,379,844   

Kemper Corp.

    28,782        1,018,020   

Mercury General Corp. (b)

    21,521        1,087,026   

Old Republic International Corp.

    142,752        2,232,641   

Primerica, Inc. (b)

    29,315        1,321,227   

Reinsurance Group of America, Inc.

    39,290        3,559,281   

RenaissanceRe Holdings, Ltd. (b)

    27,157        2,887,332   

StanCorp Financial Group, Inc.

    25,004        2,855,457   

W.R. Berkley Corp.

    58,338        3,171,837   
   

 

 

 
      51,315,592   
   

 

 

 

Internet & Catalog Retail—0.1%

  

HSN, Inc.

    19,071        1,091,624   
   

 

 

 

Internet Software & Services—0.2%

  

Rackspace Hosting, Inc. (a)

    71,515        1,764,990   
   

 

 

 

IT Services—3.5%

  

Acxiom Corp. (a)

    46,071        910,363   

Broadridge Financial Solutions, Inc.

    69,911        3,869,574   

Convergys Corp.

    58,092        1,342,506   

CoreLogic, Inc. (a)

    52,657        1,960,420   

DST Systems, Inc.

    19,916        2,093,968   

Gartner, Inc. (a)

    49,087        4,119,872   

Global Payments, Inc.

    38,492        4,416,187   

Jack Henry & Associates, Inc.

    47,875        3,332,579   

Leidos Holdings, Inc.

    37,911        1,566,103   

MAXIMUS, Inc.

    38,984        2,321,887   

NeuStar, Inc. - Class A (a) (b)

    32,155        874,938   

Science Applications International Corp.

    24,759        995,559   

VeriFone Systems, Inc. (a)

    67,559        1,873,411   

WEX, Inc. (a)

    22,847        1,984,034   
   

 

 

 
      31,661,401   
   

 

 

 

Leisure Products—1.0%

  

Brunswick Corp.

    54,350        2,602,821   

 

MSF-123


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Leisure Products—(Continued)

  

Polaris Industries, Inc. (b)

    36,364      $ 4,358,953   

Vista Outdoor, Inc. (a)

    37,350        1,659,461   
   

 

 

 
      8,621,235   
   

 

 

 

Life Sciences Tools & Services—1.3%

  

Bio-Rad Laboratories, Inc. - Class A (a)

    12,223        1,641,671   

Bio-Techne Corp.

    21,970        2,031,346   

Charles River Laboratories International, Inc. (a)

    27,651        1,756,392   

Mettler-Toledo International, Inc. (a)

    16,373        4,662,048   

PAREXEL International Corp. (a) (b)

    32,711        2,025,465   
   

 

 

 
      12,116,922   
   

 

 

 

Machinery—4.0%

  

AGCO Corp. (b)

    44,300        2,065,709   

CLARCOR, Inc.

    29,612        1,411,900   

Crane Co.

    29,166        1,359,427   

Donaldson Co., Inc. (b)

    74,213        2,083,901   

Graco, Inc. (b)

    34,124        2,287,332   

IDEX Corp.

    45,747        3,261,761   

ITT Corp.

    52,844        1,766,575   

Kennametal, Inc. (b)

    46,946        1,168,486   

Lincoln Electric Holdings, Inc.

    40,239        2,109,731   

Nordson Corp. (b)

    33,801        2,127,435   

Oshkosh Corp. (b)

    46,294        1,681,861   

Terex Corp. (b)

    64,134        1,150,564   

Timken Co. (The)

    43,475        1,195,128   

Toro Co. (The)

    32,398        2,285,355   

Trinity Industries, Inc. (b)

    91,298        2,069,725   

Valmont Industries, Inc.

    13,743        1,304,073   

Wabtec Corp.

    57,144        5,031,529   

Woodward, Inc.

    33,824        1,376,637   
   

 

 

 
      35,737,129   
   

 

 

 

Marine—0.2%

  

Kirby Corp. (a)

    32,379        2,005,879   
   

 

 

 

Media—1.5%

  

AMC Networks, Inc. - Class A (a)

    35,985        2,633,022   

Cable One, Inc. (a)

    2,626        1,101,397   

Cinemark Holdings, Inc.

    62,359        2,026,044   

DreamWorks Animation SKG, Inc.
- Class A (a) (b)

    41,948        731,993   

John Wiley & Sons, Inc. - Class A

    29,188        1,460,276   

Live Nation Entertainment, Inc. (a)

    86,124        2,070,421   

Meredith Corp.

    22,261        947,873   

New York Times Co. (The) - Class A (b)

    74,868        884,191   

Time, Inc.

    64,868        1,235,735   
   

 

 

 
      13,090,952   
   

 

 

 

Metals & Mining—1.4%

  

Allegheny Technologies, Inc. (b)

    64,554        915,376   

Carpenter Technology Corp. (b)

    29,283        871,755   

Commercial Metals Co.

    68,332        925,899   

Compass Minerals International, Inc.

    19,916        1,560,817   

Reliance Steel & Aluminum Co.

    43,428        2,345,546   

Royal Gold, Inc. (b)

    38,533        1,810,280   

Metals & Mining—(Continued)

  

Steel Dynamics, Inc.

    143,084      2,458,183   

United States Steel Corp. (b)

    86,448        900,788   

Worthington Industries, Inc.

    27,811        736,435   
   

 

 

 
      12,525,079   
   

 

 

 

Multi-Utilities—1.0%

  

Alliant Energy Corp.

    66,951        3,915,964   

Black Hills Corp.

    26,502        1,095,593   

MDU Resources Group, Inc. (b)

    115,303        1,983,211   

Vectren Corp.

    48,863        2,052,735   
   

 

 

 
      9,047,503   
   

 

 

 

Multiline Retail—0.3%

  

Big Lots, Inc. (b)

    30,667        1,469,562   

J.C. Penney Co., Inc. (a) (b)

    180,582        1,677,607   
   

 

 

 
      3,147,169   
   

 

 

 

Oil, Gas & Consumable Fuels—1.9%

  

California Resources Corp.

    184,996        480,990   

Denbury Resources, Inc. (b)

    210,108        512,664   

Energen Corp.

    46,578        2,322,379   

Gulfport Energy Corp. (a)

    63,963        1,898,422   

HollyFrontier Corp.

    111,460        5,443,706   

QEP Resources, Inc.

    95,029        1,190,713   

SM Energy Co. (b)

    40,165        1,286,887   

Western Refining, Inc.

    41,810        1,844,657   

World Fuel Services Corp.

    42,428        1,518,922   

WPX Energy, Inc. (a)

    138,261        915,288   
   

 

 

 
      17,414,628   
   

 

 

 

Paper & Forest Products—0.3%

  

Domtar Corp.

    37,139        1,327,719   

Louisiana-Pacific Corp. (a) (b)

    84,335        1,200,931   
   

 

 

 
      2,528,650   
   

 

 

 

Personal Products—0.4%

  

Avon Products, Inc. (b)

    257,295        836,209   

Edgewell Personal Care Co.

    36,763        2,999,861   
   

 

 

 
      3,836,070   
   

 

 

 

Pharmaceuticals—0.3%

  

Akorn, Inc. (a) (b)

    47,349        1,349,683   

Catalent, Inc. (a)

    58,146        1,412,948   
   

 

 

 
      2,762,631   
   

 

 

 

Professional Services—1.2%

  

CEB, Inc.

    19,816        1,354,225   

FTI Consulting, Inc. (a)

    24,732        1,026,625   

ManpowerGroup, Inc.

    45,395        3,717,397   

Towers Watson & Co. - Class A

    40,955        4,807,298   
   

 

 

 
      10,905,545   
   

 

 

 

Real Estate Investment Trusts—10.0%

  

Alexandria Real Estate Equities, Inc.

    42,742        3,618,965   

 

MSF-124


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

American Campus Communities, Inc.

    66,392      $ 2,406,046   

BioMed Realty Trust, Inc.

    119,436        2,386,331   

Camden Property Trust

    51,339        3,793,952   

Care Capital Properties, Inc.

    48,896        1,610,145   

Communications Sales & Leasing,
Inc. (b)

    71,196        1,274,408   

Corporate Office Properties Trust

    55,876        1,175,072   

Corrections Corp. of America

    69,229        2,045,025   

Douglas Emmett, Inc.

    82,150        2,359,348   

Duke Realty Corp.

    204,079        3,887,705   

Equity One, Inc.

    43,628        1,061,905   

Extra Space Storage, Inc.

    72,616        5,603,051   

Federal Realty Investment Trust (b)

    40,861        5,575,483   

Highwoods Properties, Inc.

    55,634        2,155,817   

Home Properties, Inc.

    34,311        2,564,747   

Hospitality Properties Trust

    89,543        2,290,510   

Kilroy Realty Corp.

    54,504        3,551,481   

Lamar Advertising Co. - Class A

    48,421        2,526,608   

LaSalle Hotel Properties

    66,862        1,898,212   

Liberty Property Trust

    88,584        2,791,282   

Mack-Cali Realty Corp.

    52,661        994,240   

Mid-America Apartment Communities, Inc.

    44,555        3,647,718   

National Retail Properties, Inc.

    79,465        2,882,196   

Omega Healthcare Investors, Inc.

    95,615        3,360,867   

Potlatch Corp. (b)

    24,044        692,227   

Rayonier, Inc. (b)

    74,444        1,642,979   

Regency Centers Corp.

    55,656        3,459,020   

Senior Housing Properties Trust

    140,327        2,273,297   

Sovran Self Storage, Inc.

    21,182        1,997,463   

Tanger Factory Outlet Centers, Inc.

    56,652        1,867,816   

Taubman Centers, Inc.

    35,973        2,485,015   

UDR, Inc.

    154,872        5,339,987   

Urban Edge Properties

    54,579        1,178,361   

Weingarten Realty Investors

    67,399        2,231,581   

WP GLIMCHER, Inc.

    109,533        1,277,155   
   

 

 

 
      89,906,015   
   

 

 

 

Real Estate Management & Development—0.5%

  

Alexander & Baldwin, Inc.

    27,155        932,231   

Jones Lang LaSalle, Inc.

    26,578        3,821,119   
   

 

 

 
      4,753,350   
   

 

 

 

Road & Rail—0.9%

  

Con-way, Inc.

    33,830        1,605,233   

Genesee & Wyoming, Inc. - Class A (a)

    31,473        1,859,425   

Landstar System, Inc.

    25,758        1,634,860   

Old Dominion Freight Line, Inc. (a)

    41,345        2,522,045   

Werner Enterprises, Inc.

    26,347        661,310   
   

 

 

 
      8,282,873   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.8%

  

Advanced Micro Devices, Inc. (a) (b)

    373,065        641,672   

Atmel Corp. (c)

    247,312        1,995,808   

Cree, Inc. (a) (b)

    61,057        1,479,411   

Cypress Semiconductor Corp. (a) (b)

    198,150        1,688,238   

Fairchild Semiconductor International,
Inc. (a)

    68,228        957,921   

Semiconductors & Semiconductor Equipment—(Continued)

  

Integrated Device Technology, Inc. (a)

    87,641      1,779,112   

Intersil Corp. - Class A

    78,095        913,712   

Silicon Laboratories, Inc. (a)

    23,620        981,175   

SunEdison, Inc. (a) (b)

    186,229        1,337,124   

Synaptics, Inc. (a) (b)

    21,534        1,775,694   

Teradyne, Inc.

    124,625        2,244,496   
   

 

 

 
      15,794,363   
   

 

 

 

Software—5.0%

  

ACI Worldwide, Inc. (a)

    69,630        1,470,586   

ANSYS, Inc. (a)

    53,285        4,696,540   

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

    172,235        3,561,820   

CDK Global, Inc.

    94,613        4,520,609   

CommVault Systems, Inc. (a)

    25,002        849,068   

FactSet Research Systems, Inc. (b)

    24,481        3,912,309   

Fair Isaac Corp.

    18,406        1,555,307   

Fortinet, Inc. (a)

    85,993        3,652,983   

Manhattan Associates, Inc. (a)

    43,396        2,703,571   

Mentor Graphics Corp.

    58,900        1,450,707   

PTC, Inc. (a)

    67,485        2,141,974   

Rovi Corp. (a) (b)

    51,376        538,934   

SolarWinds, Inc. (a)

    39,393        1,545,781   

Solera Holdings, Inc.

    39,623        2,139,642   

Synopsys, Inc. (a)

    92,181        4,256,918   

Tyler Technologies, Inc. (a)

    20,017        2,988,738   

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

    16,898        3,024,911   
   

 

 

 
      45,010,398   
   

 

 

 

Specialty Retail—3.0%

  

Aaron’s, Inc.

    38,182        1,378,752   

Abercrombie & Fitch Co. - Class A (b)

    41,122        871,375   

American Eagle Outfitters, Inc. (b)

    106,277        1,661,110   

Ascena Retail Group, Inc. (a)

    101,298        1,409,055   

Cabela’s, Inc. (a) (b)

    29,512        1,345,747   

Chico’s FAS, Inc.

    82,334        1,295,114   

CST Brands, Inc.

    44,695        1,504,434   

Dick’s Sporting Goods, Inc.

    55,366        2,746,707   

Foot Locker, Inc.

    82,343        5,926,226   

Guess?, Inc. (b)

    38,526        822,915   

Murphy USA, Inc. (a)

    23,807        1,308,195   

Office Depot, Inc. (a)

    291,605        1,872,104   

Rent-A-Center, Inc. (b)

    31,361        760,504   

Williams-Sonoma, Inc.

    49,789        3,801,390   
   

 

 

 
      26,703,628   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.6%

  

3D Systems Corp. (a) (b)

    62,892        726,402   

Diebold, Inc. (b)

    38,401        1,143,198   

Lexmark International, Inc. - Class A

    36,417        1,055,365   

NCR Corp. (a)

    93,343        2,123,553   
   

 

 

 
      5,048,518   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.0%

  

Carter’s, Inc.

    30,882        2,799,144   

Deckers Outdoor Corp. (a) (b)

    19,317        1,121,545   

 

MSF-125


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Textiles, Apparel & Luxury Goods—(Continued)

  

Kate Spade & Co. (a)

    75,471      $ 1,442,251   

Skechers USA, Inc. - Class A (a)

    25,233        3,383,241   
   

 

 

 
      8,746,181   
   

 

 

 

Thrifts & Mortgage Finance—0.7%

  

New York Community Bancorp,
Inc. (b)

    262,640        4,743,278   

Washington Federal, Inc.

    55,553        1,263,831   
   

 

 

 
      6,007,109   
   

 

 

 

Trading Companies & Distributors—0.6%

  

GATX Corp.

    25,535        1,127,370   

MSC Industrial Direct Co., Inc. - Class A (b)

    28,618        1,746,557   

NOW, Inc. (a) (b)

    63,353        937,624   

Watsco, Inc.

    15,191        1,799,830   
   

 

 

 
      5,611,381   
   

 

 

 

Water Utilities—0.3%

  

Aqua America, Inc.

    104,510        2,766,380   
   

 

 

 

Wireless Telecommunication Services—0.2%

  

Telephone & Data Systems, Inc.

    55,722        1,390,821   
   

 

 

 

Total Common Stocks
(Cost $677,144,374)

      860,133,858   
   

 

 

 
Mutual Fund—2.1%   

Investment Company Security—2.1%

  

SPDR S&P MidCap 400 ETF Trust (b) (Cost $20,354,145)

    76,100        18,940,529   
   

 

 

 
Short-Term Investments—18.0%   

Discount Notes—2.4%

  

Federal Home Loan Bank
0.070%, 11/16/15 (d)

    1,625,000        1,624,855   

0.072%, 10/09/15 (d)

    200,000        199,996   

0.098%, 10/30/15 (d)

    100,000        99,992   

0.099%, 11/20/15 (d)

    1,200,000        1,199,835   

0.142%, 11/18/15 (d)

    1,575,000        1,574,701   

0.157%, 01/04/16 (d)

    7,350,000        7,346,962   

Discount Notes—(Continued)

  

Federal Home Loan Bank
0.165%, 11/13/15 (d)

    2,350,000      2,349,537   

0.168%, 11/12/15 (d)

    1,625,000        1,624,678   

0.193%, 01/20/16 (d)

    4,325,000        4,322,436   

0.303%, 03/04/16 (d)

    575,000        574,257   
   

 

 

 
      20,917,249   
   

 

 

 

Mutual Fund—15.6%

  

State Street Navigator Securities Lending MET Portfolio (e)

    140,792,352        140,792,352   
   

 

 

 

Total Short-Term Investments
(Cost $161,709,601)

      161,709,601   
   

 

 

 

Total Investments—115.5%
(Cost $859,208,120) (f)

      1,040,783,988   

Other assets and liabilities (net)—(15.5)%

      (139,320,048
   

 

 

 
Net Assets—100.0%     $ 901,463,940   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $157,647,722 and the collateral received consisted of cash in the amount of $140,792,352 and non-cash collateral with a value of $18,004,556. 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, 2015, the market value of securities pledged was $3,251,000.
(d) The rate shown represents current yield to maturity.
(e) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(f) As of September 30, 2015, the aggregate cost of investments was $859,208,120. The aggregate unrealized appreciation and depreciation of investments were $247,687,130 and $(66,111,262), respectively, resulting in net unrealized appreciation of $181,575,868.
(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

     12/18/15         142         USD         19,891,681       $ (538,501
              

 

 

 

 

(USD)— United States Dollar

 

MSF-126


Table of Contents

Metropolitan Series Fund

MetLife Mid Cap Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 860,133,858      $      $       $ 860,133,858   

Total Mutual Fund*

     18,940,529                       18,940,529   
Short-Term Investments          

Discount Notes

            20,917,249                20,917,249   

Mutual Fund

     140,792,352                       140,792,352   

Total Short-Term Investments

     140,792,352        20,917,249                161,709,601   

Total Investments

   $ 1,019,866,739      $ 20,917,249      $       $ 1,040,783,988   

Collateral for Securities Loaned (Liability)

   $      $ (140,792,352   $       $ (140,792,352
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (538,501   $      $       $ (538,501

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-127


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—98.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.6%

  

Boeing Co. (The) (a)

    220,771      $ 28,909,962   

General Dynamics Corp.

    104,855        14,464,747   

Honeywell International, Inc.

    270,210        25,586,185   

L-3 Communications Holdings, Inc.

    27,766        2,902,102   

Lockheed Martin Corp.

    92,308        19,136,372   

Northrop Grumman Corp.

    64,771        10,748,747   

Precision Castparts Corp.

    47,525        10,916,968   

Raytheon Co.

    104,919        11,463,450   

Rockwell Collins, Inc.

    45,545        3,727,403   

Textron, Inc.

    95,543        3,596,239   

United Technologies Corp.

    286,280        25,476,057   
   

 

 

 
      156,928,232   
   

 

 

 

Air Freight & Logistics—0.7%

  

C.H. Robinson Worldwide, Inc. (a)

    49,012        3,322,034   

Expeditors International of Washington, Inc.

    65,381        3,076,176   

FedEx Corp.

    90,787        13,071,512   

United Parcel Service, Inc. - Class B

    241,413        23,825,049   
   

 

 

 
      43,294,771   
   

 

 

 

Airlines—0.6%

   

American Airlines Group, Inc.

    232,209        9,016,675   

Delta Air Lines, Inc.

    274,923        12,335,795   

Southwest Airlines Co.

    227,901        8,669,354   

United Continental Holdings, Inc. (b)

    130,570        6,926,739   
   

 

 

 
      36,948,563   
   

 

 

 

Auto Components—0.4%

   

BorgWarner, Inc.

    78,224        3,253,336   

Delphi Automotive plc

    98,283        7,473,440   

Goodyear Tire & Rubber Co. (The)

    93,115        2,731,063   

Johnson Controls, Inc.

    226,073        9,350,379   
   

 

 

 
      22,808,218   
   

 

 

 

Automobiles—0.6%

   

Ford Motor Co.

    1,346,963        18,278,288   

General Motors Co.

    498,221        14,956,594   

Harley-Davidson, Inc. (a)

    71,191        3,908,386   
   

 

 

 
      37,143,268   
   

 

 

 

Banks—5.9%

   

Bank of America Corp.

    3,618,371        56,374,220   

BB&T Corp.

    269,465        9,592,954   

Citigroup, Inc.

    1,040,329        51,610,722   

Comerica, Inc.

    61,499        2,527,609   

Fifth Third Bancorp

    277,637        5,250,116   

Huntington Bancshares, Inc.

    277,573        2,942,274   

JPMorgan Chase & Co.

    1,278,208        77,932,342   

KeyCorp

    290,637        3,781,187   

M&T Bank Corp. (a)

    46,053        5,616,163   

People’s United Financial, Inc. (a)

    107,146        1,685,407   

PNC Financial Services Group, Inc. (The)

    177,522        15,834,962   

Regions Financial Corp.

    457,943        4,126,066   

SunTrust Banks, Inc. (a)

    179,058        6,847,178   

U.S. Bancorp

    572,156        23,464,118   

Banks—(Continued)

  

Wells Fargo & Co.

    1,614,618      82,910,634   

Zions Bancorporation (a)

    70,569        1,943,470   
   

 

 

 
      352,439,422   
   

 

 

 

Beverages—2.2%

  

Brown-Forman Corp. - Class B (a)

    36,675        3,553,807   

Coca-Cola Co. (The)

    1,353,190        54,289,983   

Coca-Cola Enterprises, Inc.

    72,847        3,522,152   

Constellation Brands, Inc. - Class A

    59,446        7,443,234   

Dr Pepper Snapple Group, Inc.

    65,978        5,215,561   

Molson Coors Brewing Co. - Class B (a)

    54,626        4,535,050   

Monster Beverage Corp. (b)

    52,561        7,103,094   

PepsiCo, Inc.

    507,746        47,880,448   
   

 

 

 
      133,543,329   
   

 

 

 

Biotechnology—3.5%

  

AbbVie, Inc.

    572,133        31,129,756   

Alexion Pharmaceuticals, Inc. (b)

    78,169        12,224,850   

Amgen, Inc.

    262,083        36,251,321   

Baxalta, Inc.

    187,191        5,898,388   

Biogen, Inc. (b)

    81,285        23,719,776   

Celgene Corp. (b)

    273,244        29,556,803   

Gilead Sciences, Inc.

    507,267        49,808,547   

Regeneron Pharmaceuticals, Inc. (a) (b)

    26,726        12,431,332   

Vertex Pharmaceuticals, Inc. (b)

    84,564        8,806,495   
   

 

 

 
      209,827,268   
   

 

 

 

Building Products—0.1%

  

Allegion plc

    33,116        1,909,468   

Masco Corp.

    118,883        2,993,474   
   

 

 

 
      4,902,942   
   

 

 

 

Capital Markets—2.1%

  

Affiliated Managers Group, Inc. (b)

    18,763        3,208,285   

Ameriprise Financial, Inc.

    61,601        6,722,517   

Bank of New York Mellon Corp. (The)

    382,459        14,973,270   

BlackRock, Inc.

    44,281        13,172,269   

Charles Schwab Corp. (The)

    413,809        11,818,385   

E*Trade Financial Corp. (b)

    100,296        2,640,794   

Franklin Resources, Inc.

    133,661        4,980,209   

Goldman Sachs Group, Inc. (The)

    139,145        24,177,835   

Invesco, Ltd.

    148,183        4,627,755   

Legg Mason, Inc.

    37,919        1,577,809   

Morgan Stanley

    526,634        16,588,971   

Northern Trust Corp.

    75,655        5,156,645   

State Street Corp. (a)

    141,061        9,480,710   

T. Rowe Price Group, Inc.

    88,558        6,154,781   
   

 

 

 
      125,280,235   
   

 

 

 

Chemicals—2.0%

  

Air Products & Chemicals, Inc.

    66,876        8,532,040   

Airgas, Inc. (a)

    23,223        2,074,511   

CF Industries Holdings, Inc.

    80,551        3,616,740   

Dow Chemical Co. (The) (a)

    400,288        16,972,211   

E.I. du Pont de Nemours & Co.

    312,750        15,074,550   

 

MSF-128


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Chemicals—(Continued)

  

Eastman Chemical Co.

    51,384      $ 3,325,572   

Ecolab, Inc.

    91,797        10,071,967   

FMC Corp. (a)

    46,182        1,566,032   

International Flavors & Fragrances,
Inc. (a)

    27,854        2,876,204   

LyondellBasell Industries NV - Class A

    128,821        10,738,518   

Monsanto Co.

    161,704        13,799,819   

Mosaic Co. (The)

    116,536        3,625,435   

PPG Industries, Inc.

    93,573        8,205,416   

Praxair, Inc.

    99,017        10,085,872   

Sherwin-Williams Co. (The)

    27,385        6,100,830   

Sigma-Aldrich Corp.

    41,280        5,734,618   
   

 

 

 
      122,400,335   
   

 

 

 

Commercial Services & Supplies—0.4%

  

ADT Corp. (The) (a)

    58,736        1,756,206   

Cintas Corp. (a)

    30,856        2,645,902   

Pitney Bowes, Inc. (a)

    69,791        1,385,351   

Republic Services, Inc.

    83,214        3,428,417   

Stericycle, Inc. (a) (b)

    29,322        4,084,848   

Tyco International plc

    145,693        4,874,888   

Waste Management, Inc.

    145,374        7,241,079   
   

 

 

 
      25,416,691   
   

 

 

 

Communications Equipment—1.5%

  

Cisco Systems, Inc.

    1,757,898        46,144,822   

F5 Networks, Inc. (a) (b)

    24,542        2,841,964   

Harris Corp.

    42,884        3,136,965   

Juniper Networks, Inc.

    122,244        3,142,893   

Motorola Solutions, Inc. (a)

    55,571        3,799,945   

QUALCOMM, Inc.

    543,074        29,179,366   
   

 

 

 
      88,245,955   
   

 

 

 

Construction & Engineering—0.1%

  

Fluor Corp. (a)

    50,098        2,121,650   

Jacobs Engineering Group, Inc. (a) (b)

    42,790        1,601,630   

Quanta Services, Inc. (a) (b)

    70,565        1,708,379   
   

 

 

 
      5,431,659   
   

 

 

 

Construction Materials—0.1%

  

Martin Marietta Materials, Inc. (a)

    23,159        3,519,010   

Vulcan Materials Co.

    46,035        4,106,322   
   

 

 

 
      7,625,332   
   

 

 

 

Consumer Finance—0.7%

  

American Express Co.

    294,173        21,807,045   

Capital One Financial Corp.

    187,486        13,596,485   

Discover Financial Services

    150,460        7,822,415   

Navient Corp.

    129,281        1,453,118   
   

 

 

 
      44,679,063   
   

 

 

 

Containers & Packaging—0.2%

  

Avery Dennison Corp.

    31,605        1,787,895   

Ball Corp.

    47,756        2,970,423   

Owens-Illinois, Inc. (b)

    55,568        1,151,369   

Containers & Packaging—(Continued)

  

Sealed Air Corp.

    71,147      $ 3,335,372   

WestRock Co.

    90,505        4,655,577   
   

 

 

 
      13,900,636   
   

 

 

 

Distributors—0.1%

  

Genuine Parts Co. (a)

    52,398        4,343,270   
   

 

 

 

Diversified Consumer Services—0.1%

  

H&R Block, Inc.

    95,495        3,456,919   
   

 

 

 

Diversified Financial Services—2.1%

  

Berkshire Hathaway, Inc. - Class B (b)

    647,526        84,437,390   

CME Group, Inc.

    116,743        10,826,746   

Intercontinental Exchange, Inc.

    38,190        8,974,268   

Leucadia National Corp. (a)

    116,576        2,361,830   

McGraw Hill Financial, Inc.

    94,188        8,147,262   

Moody’s Corp.

    60,232        5,914,782   

Nasdaq, Inc.

    40,872        2,179,704   
   

 

 

 
      122,841,982   
   

 

 

 

Diversified Telecommunication Services—2.4%

  

AT&T, Inc.

    2,126,045        69,266,546   

CenturyLink, Inc. (a)

    194,591        4,888,126   

Frontier Communications Corp. (a)

    403,781        1,917,960   

Level 3 Communications, Inc. (b)

    99,622        4,352,485   

Verizon Communications, Inc.

    1,405,274        61,143,472   
   

 

 

 
      141,568,589   
   

 

 

 

Electric Utilities—1.8%

  

American Electric Power Co., Inc.

    169,558        9,641,068   

Duke Energy Corp. (a)

    237,916        17,115,677   

Edison International (a)

    112,614        7,102,565   

Entergy Corp.

    62,052        4,039,585   

Eversource Energy (a)

    109,628        5,549,369   

Exelon Corp.

    297,811        8,844,987   

FirstEnergy Corp.

    146,017        4,571,792   

NextEra Energy, Inc.

    159,090        15,519,230   

Pepco Holdings, Inc.

    87,608        2,121,866   

Pinnacle West Capital Corp.

    38,302        2,456,690   

PPL Corp.

    231,569        7,616,305   

Southern Co. (The) (a)

    313,990        14,035,353   

Xcel Energy, Inc.

    175,313        6,207,833   
   

 

 

 
      104,822,320   
   

 

 

 

Electrical Equipment—0.5%

  

AMETEK, Inc. (a)

    83,702        4,379,289   

Eaton Corp. plc

    161,587        8,289,413   

Emerson Electric Co.

    227,135        10,032,553   

Rockwell Automation, Inc. (a)

    46,353        4,703,439   
   

 

 

 
      27,404,694   
   

 

 

 

Electronic Equipment, Instruments & Components—0.4%

  

Amphenol Corp. - Class A (a)

    106,854        5,445,280   

Corning, Inc.

    423,734        7,254,326   

 

MSF-129


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electronic Equipment, Instruments & Components—(Continued)

  

FLIR Systems, Inc.

    48,475      $ 1,356,815   

TE Connectivity, Ltd.

    139,081        8,329,561   
   

 

 

 
      22,385,982   
   

 

 

 

Energy Equipment & Services—1.1%

  

Baker Hughes, Inc.

    150,659        7,840,294   

Cameron International Corp. (b)

    66,195        4,059,078   

Diamond Offshore Drilling, Inc. (a)

    22,281        385,461   

Ensco plc - Class A (a)

    81,485        1,147,309   

FMC Technologies, Inc. (b)

    79,315        2,458,765   

Halliburton Co.

    295,437        10,443,698   

Helmerich & Payne, Inc. (a)

    37,243        1,760,104   

National Oilwell Varco, Inc. (a)

    132,660        4,994,649   

Schlumberger, Ltd.

    437,393        30,166,995   

Transocean, Ltd. (a)

    118,120        1,526,111   
   

 

 

 
      64,782,464   
   

 

 

 

Food & Staples Retailing—2.4%

  

Costco Wholesale Corp.

    151,906        21,961,050   

CVS Health Corp.

    385,214        37,165,447   

Kroger Co. (The)

    335,765        12,111,044   

Sysco Corp. (a)

    191,234        7,452,389   

Wal-Mart Stores, Inc.

    545,447        35,366,783   

Walgreens Boots Alliance, Inc.

    302,031        25,098,776   

Whole Foods Market, Inc. (a)

    123,690        3,914,789   
   

 

 

 
      143,070,278   
   

 

 

 

Food Products—1.7%

  

Archer-Daniels-Midland Co.

    210,475        8,724,189   

Campbell Soup Co. (a)

    62,251        3,154,881   

ConAgra Foods, Inc.

    149,225        6,045,105   

General Mills, Inc.

    206,949        11,616,047   

Hershey Co. (The)

    50,486        4,638,654   

Hormel Foods Corp.

    46,586        2,949,360   

J.M. Smucker Co. (The)

    35,571        4,058,295   

Kellogg Co.

    87,993        5,855,934   

Keurig Green Mountain, Inc. (a)

    41,534        2,165,583   

Kraft Heinz Co. (The)

    205,411        14,497,908   

McCormick & Co., Inc. (a)

    40,082        3,293,939   

Mead Johnson Nutrition Co.

    70,075        4,933,280   

Mondelez International, Inc. - Class A

    556,935        23,318,868   

Tyson Foods, Inc. - Class A (a)

    105,199        4,534,077   
   

 

 

 
      99,786,120   
   

 

 

 

Gas Utilities—0.0%

  

AGL Resources, Inc.

    41,507        2,533,587   
   

 

 

 

Health Care Equipment & Supplies—2.0%

  

Abbott Laboratories

    515,159        20,719,695   

Baxter International, Inc.

    188,561        6,194,229   

Becton Dickinson & Co.

    72,673        9,640,800   

Boston Scientific Corp. (b)

    464,528        7,622,904   

C.R. Bard, Inc.

    25,647        4,778,293   

DENTSPLY International, Inc.

    48,323        2,443,694   

Edwards Lifesciences Corp. (b)

    37,162        5,283,322   

Health Care Equipment & Supplies—(Continued)

  

Intuitive Surgical, Inc. (b)

    12,796      5,880,786   

Medtronic plc

    488,803        32,720,473   

St. Jude Medical, Inc.

    97,383        6,143,893   

Stryker Corp.

    109,330        10,287,953   

Varian Medical Systems, Inc. (a) (b)

    34,121        2,517,447   

Zimmer Biomet Holdings, Inc.

    59,045        5,546,097   
   

 

 

 
      119,779,586   
   

 

 

 

Health Care Providers & Services—2.8%

  

Aetna, Inc.

    120,490        13,182,811   

AmerisourceBergen Corp.

    70,992        6,743,530   

Anthem, Inc. (a)

    90,416        12,658,240   

Cardinal Health, Inc.

    113,149        8,692,106   

Cigna Corp.

    89,001        12,016,915   

DaVita HealthCare Partners, Inc. (b)

    58,844        4,256,187   

Express Scripts Holding Co. (a) (b)

    233,561        18,909,099   

HCA Holdings, Inc. (b)

    110,501        8,548,357   

Henry Schein, Inc. (a) (b)

    28,826        3,825,787   

Humana, Inc.

    51,205        9,165,695   

Laboratory Corp. of America Holdings (b)

    34,772        3,771,719   

McKesson Corp.

    80,329        14,863,275   

Patterson Cos., Inc.

    30,014        1,298,105   

Quest Diagnostics, Inc.

    49,618        3,050,018   

Tenet Healthcare Corp. (a) (b)

    34,413        1,270,528   

UnitedHealth Group, Inc.

    329,592        38,235,968   

Universal Health Services, Inc. - Class B

    31,708        3,957,475   
   

 

 

 
      164,445,815   
   

 

 

 

Health Care Technology—0.1%

  

Cerner Corp. (b)

    106,152        6,364,874   
   

 

 

 

Hotels, Restaurants & Leisure—1.8%

  

Carnival Corp.

    159,996        7,951,801   

Chipotle Mexican Grill, Inc. (b)

    10,764        7,752,771   

Darden Restaurants, Inc.

    39,404        2,700,750   

Marriott International, Inc. - Class A (a)

    68,926        4,700,753   

McDonald’s Corp.

    325,529        32,074,372   

Royal Caribbean Cruises, Ltd.

    59,297        5,282,770   

Starbucks Corp.

    513,002        29,159,034   

Starwood Hotels & Resorts Worldwide, Inc.

    58,890        3,915,007   

Wyndham Worldwide Corp.

    40,824        2,935,246   

Wynn Resorts, Ltd. (a)

    28,076        1,491,397   

Yum! Brands, Inc.

    149,043        11,915,988   
   

 

 

 
      109,879,889   
   

 

 

 

Household Durables—0.4%

  

DR Horton, Inc.

    112,828        3,312,630   

Garmin, Ltd.

    40,917        1,468,102   

Harman International Industries, Inc.

    24,600        2,361,354   

Leggett & Platt, Inc. (a)

    47,293        1,950,836   

Lennar Corp. - Class A (a)

    60,120        2,893,576   

Mohawk Industries, Inc. (b)

    21,971        3,994,108   

Newell Rubbermaid, Inc.

    92,562        3,675,637   

PulteGroup, Inc.

    110,964        2,093,891   

Whirlpool Corp.

    27,105        3,991,482   
   

 

 

 
      25,741,616   
   

 

 

 

 

MSF-130


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Household Products—1.8%

  

Clorox Co. (The) (a)

    44,465      $ 5,137,042   

Colgate-Palmolive Co.

    311,123        19,743,866   

Kimberly-Clark Corp.

    125,909        13,729,117   

Procter & Gamble Co. (The)

    937,576        67,449,217   
   

 

 

 
      106,059,242   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

AES Corp.

    236,013        2,310,567   

NRG Energy, Inc.

    114,288        1,697,177   
   

 

 

 
      4,007,744   
   

 

 

 

Industrial Conglomerates—2.4%

   

3M Co.

    215,938        30,613,530   

Danaher Corp.

    205,531        17,513,297   

General Electric Co.

    3,489,752        88,011,545   

Roper Technologies, Inc. (a)

    34,795        5,452,377   
   

 

 

 
      141,590,749   
   

 

 

 

Insurance—2.7%

  

ACE, Ltd. (a)

    111,921        11,572,631   

Aflac, Inc.

    148,866        8,653,581   

Allstate Corp. (The)

    138,391        8,059,892   

American International Group, Inc.

    447,222        25,411,154   

Aon plc

    96,795        8,577,005   

Assurant, Inc.

    23,095        1,824,736   

Chubb Corp. (The)

    78,453        9,622,261   

Cincinnati Financial Corp. (a)

    51,045        2,746,221   

Genworth Financial, Inc. - Class A (a) (b)

    171,929        794,312   

Hartford Financial Services Group, Inc. (The)

    143,387        6,564,257   

Lincoln National Corp.

    86,739        4,116,633   

Loews Corp.

    99,142        3,582,992   

Marsh & McLennan Cos., Inc.

    183,188        9,566,077   

MetLife, Inc. (c)

    386,041        18,201,833   

Principal Financial Group, Inc.

    94,745        4,485,228   

Progressive Corp. (The)

    202,522        6,205,274   

Prudential Financial, Inc.

    155,885        11,879,996   

Torchmark Corp. (a)

    40,218        2,268,295   

Travelers Cos., Inc. (The)

    107,566        10,706,044   

Unum Group

    85,263        2,735,237   

XL Group plc

    104,492        3,795,149   
   

 

 

 
      161,368,808   
   

 

 

 

Internet & Catalog Retail—1.9%

  

Amazon.com, Inc. (b)

    132,562        67,857,162   

Expedia, Inc.

    34,581        4,069,492   

Netflix, Inc. (a) (b)

    147,245        15,204,519   

Priceline Group, Inc. (The) (b)

    17,525        21,675,971   

TripAdvisor, Inc. (a) (b)

    39,028        2,459,545   
   

 

 

 
      111,266,689   
   

 

 

 

Internet Software & Services—3.7%

  

Akamai Technologies, Inc. (a) (b)

    61,730        4,263,074   

Alphabet, Inc. - Class A (b)

    100,197        63,962,759   

Alphabet, Inc. - Class C (b) (d)

    102,234        62,201,210   

eBay, Inc. (b)

    387,385        9,467,690   

Internet Software & Services—(Continued)

  

Facebook, Inc. - Class A (b)

    781,061      70,217,384   

VeriSign, Inc. (a) (b)

    34,520        2,435,731   

Yahoo!, Inc. (b)

    299,353        8,654,295   
   

 

 

 
      221,202,143   
   

 

 

 

IT Services—3.7%

  

Accenture plc - Class A

    215,727        21,197,335   

Alliance Data Systems Corp. (b)

    21,234        5,499,181   

Automatic Data Processing, Inc.

    161,004        12,938,282   

Cognizant Technology Solutions Corp. - Class A (b)

    210,679        13,190,612   

Computer Sciences Corp.

    47,813        2,934,762   

Fidelity National Information Services, Inc.

    97,327        6,528,695   

Fiserv, Inc. (b)

    81,080        7,022,339   

International Business Machines Corp.

    311,482        45,155,546   

MasterCard, Inc. - Class A

    344,949        31,086,804   

Paychex, Inc. (a)

    111,114        5,292,360   

PayPal Holdings, Inc. (b)

    383,334        11,898,687   

Teradata Corp. (a) (b)

    48,942        1,417,360   

Total System Services, Inc.

    58,494        2,657,382   

Visa, Inc. - Class A (a)

    674,482        46,984,416   

Western Union Co. (The) (a)

    176,772        3,245,534   

Xerox Corp.

    347,255        3,378,791   
   

 

 

 
      220,428,086   
   

 

 

 

Leisure Products—0.1%

  

Hasbro, Inc. (a)

    38,855        2,803,000   

Mattel, Inc. (a)

    117,038        2,464,820   
   

 

 

 
      5,267,820   
   

 

 

 

Life Sciences Tools & Services—0.4%

  

Agilent Technologies, Inc.

    114,546        3,932,364   

PerkinElmer, Inc.

    39,190        1,801,172   

Thermo Fisher Scientific, Inc.

    137,734        16,842,114   

Waters Corp. (b)

    28,436        3,361,420   
   

 

 

 
      25,937,070   
   

 

 

 

Machinery—1.2%

  

Caterpillar, Inc. (a)

    208,295        13,614,161   

Cummins, Inc.

    57,427        6,235,424   

Deere & Co. (a)

    107,757        7,974,018   

Dover Corp.

    54,081        3,092,351   

Flowserve Corp. (a)

    46,097        1,896,431   

Illinois Tool Works, Inc.

    113,882        9,373,627   

Ingersoll-Rand plc

    91,717        4,656,472   

Joy Global, Inc. (a)

    33,684        502,902   

PACCAR, Inc.

    122,692        6,400,842   

Parker-Hannifin Corp.

    47,844        4,655,221   

Pentair plc (a)

    62,235        3,176,474   

Snap-on, Inc.

    20,107        3,034,951   

Stanley Black & Decker, Inc.

    52,966        5,136,643   

Xylem, Inc.

    62,733        2,060,779   
   

 

 

 
      71,810,296   
   

 

 

 

 

MSF-131


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Media—3.1%

  

Cablevision Systems Corp. - Class A

    76,849      $ 2,495,287   

CBS Corp. - Class B

    153,606        6,128,879   

Comcast Corp. - Class A (a)

    730,959        41,576,948   

Comcast Corp. - Special Class A

    127,265        7,284,649   

Discovery Communications, Inc. - Class A (a) (b)

    51,605        1,343,278   

Discovery Communications, Inc.
- Class C (b)

    89,115        2,164,603   

Interpublic Group of Cos., Inc. (The)

    141,851        2,713,610   

News Corp. - Class A (a)

    131,689        1,661,915   

News Corp. - Class B (a)

    37,260        477,673   

Omnicom Group, Inc.

    83,973        5,533,821   

Scripps Networks Interactive, Inc. - Class A (a)

    32,560        1,601,626   

TEGNA, Inc.

    78,278        1,752,645   

Time Warner Cable, Inc.

    97,808        17,543,821   

Time Warner, Inc.

    281,899        19,380,556   

Twenty-First Century Fox, Inc. - Class A

    422,008        11,385,776   

Twenty-First Century Fox, Inc. - Class B

    149,041        4,034,540   

Viacom, Inc. - Class B

    120,096        5,182,142   

Walt Disney Co. (The)

    536,723        54,853,091   
   

 

 

 
      187,114,860   
   

 

 

 

Metals & Mining—0.3%

  

Alcoa, Inc.

    452,722        4,373,295   

Freeport-McMoRan, Inc. (a)

    392,970        3,807,879   

Newmont Mining Corp.

    182,863        2,938,608   

Nucor Corp. (a)

    110,467        4,148,036   
   

 

 

 
      15,267,818   
   

 

 

 

Multi-Utilities—1.2%

  

Ameren Corp.

    83,864        3,544,931   

CenterPoint Energy, Inc.

    148,716        2,682,837   

CMS Energy Corp. (a)

    95,628        3,377,581   

Consolidated Edison, Inc. (a)

    101,229        6,767,159   

Dominion Resources, Inc. (a)

    205,423        14,457,671   

DTE Energy Co. (a)

    62,034        4,985,673   

NiSource, Inc.

    109,865        2,037,996   

PG&E Corp.

    169,076        8,927,213   

Public Service Enterprise Group, Inc.

    174,847        7,371,549   

SCANA Corp. (a)

    49,398        2,779,131   

Sempra Energy

    81,406        7,873,588   

TECO Energy, Inc. (a)

    81,300        2,134,938   

WEC Energy Group, Inc. (a)

    109,113        5,697,881   
   

 

 

 
      72,638,148   
   

 

 

 

Multiline Retail—0.7%

  

Dollar General Corp.

    101,847        7,377,797   

Dollar Tree, Inc. (a) (b)

    81,128        5,407,992   

Kohl’s Corp. (a)

    68,394        3,167,326   

Macy’s, Inc.

    114,401        5,871,059   

Nordstrom, Inc.

    48,146        3,452,550   

Target Corp.

    217,212        17,085,896   
   

 

 

 
      42,362,620   
   

 

 

 

Oil, Gas & Consumable Fuels—5.7%

  

Anadarko Petroleum Corp.

    175,590        10,603,880   

Apache Corp.

    130,648        5,116,176   

Oil, Gas & Consumable Fuels—(Continued)

  

Cabot Oil & Gas Corp.

    143,029      3,126,614   

Chesapeake Energy Corp. (a)

    178,741        1,310,172   

Chevron Corp.

    650,407        51,304,104   

Cimarex Energy Co.

    32,648        3,345,767   

Columbia Pipeline Group, Inc.

    109,781        2,007,894   

ConocoPhillips

    426,335        20,447,027   

CONSOL Energy, Inc. (a)

    79,153        775,699   

Devon Energy Corp.

    133,535        4,952,813   

EOG Resources, Inc.

    189,817        13,818,678   

EQT Corp.

    52,677        3,411,889   

Exxon Mobil Corp.

    1,441,138        107,148,610   

Hess Corp.

    83,344        4,172,201   

Kinder Morgan, Inc.

    621,253        17,196,283   

Marathon Oil Corp.

    234,063        3,604,570   

Marathon Petroleum Corp.

    185,318        8,585,783   

Murphy Oil Corp. (a)

    56,127        1,358,273   

Newfield Exploration Co. (b)

    56,327        1,853,158   

Noble Energy, Inc.

    146,920        4,434,046   

Occidental Petroleum Corp.

    264,054        17,467,172   

ONEOK, Inc.

    72,296        2,327,931   

Phillips 66

    165,500        12,717,020   

Pioneer Natural Resources Co. (a)

    51,607        6,277,475   

Range Resources Corp. (a)

    58,538        1,880,241   

Southwestern Energy Co. (a) (b)

    132,879        1,686,234   

Spectra Energy Corp.

    232,051        6,095,980   

Tesoro Corp.

    42,548        4,137,368   

Valero Energy Corp.

    171,823        10,326,562   

Williams Cos., Inc. (The)

    235,809        8,689,562   
   

 

 

 
      340,179,182   
   

 

 

 

Paper & Forest Products—0.1%

  

International Paper Co.

    144,388        5,456,423   
   

 

 

 

Personal Products—0.1%

  

Estee Lauder Cos., Inc. (The) - Class A

    78,067        6,298,446   
   

 

 

 

Pharmaceuticals—5.6%

  

Allergan plc (b)

    136,058        36,981,925   

Bristol-Myers Squibb Co.

    576,359        34,120,453   

Eli Lilly & Co.

    337,180        28,218,594   

Endo International plc (b)

    71,980        4,986,774   

Johnson & Johnson

    957,120        89,347,152   

Mallinckrodt plc (b)

    40,559        2,593,343   

Merck & Co., Inc.

    973,548        48,083,536   

Mylan NV (b)

    142,717        5,745,786   

Perrigo Co. plc

    50,560        7,951,571   

Pfizer, Inc.

    2,131,696        66,956,571   

Zoetis, Inc.

    158,659        6,533,578   
   

 

 

 
      331,519,283   
   

 

 

 

Professional Services—0.2%

  

Dun & Bradstreet Corp. (The)

    12,482        1,310,610   

Equifax, Inc.

    40,870        3,971,747   

Nielsen Holdings plc

    126,802        5,638,885   

Robert Half International, Inc.

    46,489        2,378,377   
   

 

 

 
      13,299,619   
   

 

 

 

 

MSF-132


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—2.6%

  

American Tower Corp.

    146,303      $ 12,871,738   

Apartment Investment & Management Co. - Class A

    54,017        1,999,709   

AvalonBay Communities, Inc.

    45,937        8,030,706   

Boston Properties, Inc.

    53,082        6,284,909   

Crown Castle International Corp.

    115,362        9,098,601   

Equinix, Inc. (a)

    19,687        5,382,426   

Equity Residential

    125,842        9,453,251   

Essex Property Trust, Inc.

    22,724        5,076,996   

General Growth Properties, Inc.

    202,039        5,246,953   

HCP, Inc.

    159,889        5,955,865   

Host Hotels & Resorts, Inc. (a)

    259,619        4,104,576   

Iron Mountain, Inc. (a)

    66,312        2,056,998   

Kimco Realty Corp.

    142,796        3,488,506   

Macerich Co. (The)

    46,514        3,573,206   

Plum Creek Timber Co., Inc. (a)

    60,393        2,386,128   

Prologis, Inc.

    181,160        7,047,124   

Public Storage

    50,817        10,754,402   

Realty Income Corp. (a)

    81,180        3,847,120   

Simon Property Group, Inc.

    106,945        19,647,935   

SL Green Realty Corp. (a)

    34,431        3,724,057   

Ventas, Inc. (a)

    114,926        6,442,752   

Vornado Realty Trust

    61,243        5,537,592   

Welltower, Inc.

    121,626        8,236,513   

Weyerhaeuser Co.

    177,727        4,859,056   
   

 

 

 
      155,107,119   
   

 

 

 

Real Estate Management & Development—0.1%

  

CBRE Group, Inc. - Class A (b)

    100,190        3,206,080   
   

 

 

 

Road & Rail—0.8%

  

CSX Corp.

    340,021        9,146,565   

J.B. Hunt Transport Services, Inc.

    31,743        2,266,450   

Kansas City Southern (a)

    38,145        3,466,618   

Norfolk Southern Corp.

    104,172        7,958,741   

Ryder System, Inc. (a)

    18,448        1,365,890   

Union Pacific Corp.

    299,911        26,515,131   
   

 

 

 
      50,719,395   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.4%

  

Altera Corp.

    104,547        5,235,714   

Analog Devices, Inc.

    108,419        6,115,916   

Applied Materials, Inc.

    414,984        6,096,115   

Avago Technologies, Ltd. (a)

    89,803        11,226,273   

Broadcom Corp. - Class A

    193,214        9,936,996   

First Solar, Inc. (b)

    26,157        1,118,212   

Intel Corp.

    1,643,183        49,525,536   

KLA-Tencor Corp. (a)

    54,449        2,722,450   

Lam Research Corp. (a)

    54,676        3,571,983   

Linear Technology Corp. (a)

    82,870        3,343,804   

Microchip Technology, Inc. (a)

    72,961        3,143,889   

Micron Technology, Inc. (a) (b)

    372,061        5,573,474   

NVIDIA Corp. (a)

    176,986        4,362,705   

Qorvo, Inc. (b)

    51,684        2,328,364   

Skyworks Solutions, Inc.

    65,927        5,551,713   

Texas Instruments, Inc.

    354,762        17,567,814   

Semiconductors & Semiconductor Equipment—(Continued)

  

Xilinx, Inc.

    89,403      3,790,687   
   

 

 

 
      141,211,645   
   

 

 

 

Software—3.9%

  

Activision Blizzard, Inc. (a)

    173,866        5,370,721   

Adobe Systems, Inc. (b)

    172,007        14,142,415   

Autodesk, Inc. (a) (b)

    78,183        3,450,998   

CA, Inc.

    108,298        2,956,535   

Citrix Systems, Inc. (b)

    55,545        3,848,158   

Electronic Arts, Inc. (b)

    107,752        7,300,198   

Intuit, Inc.

    95,849        8,506,599   

Microsoft Corp.

    2,764,440        122,354,114   

Oracle Corp.

    1,124,048        40,600,614   

Red Hat, Inc. (b)

    63,419        4,558,558   

Salesforce.com, Inc. (b)

    214,436        14,888,291   

Symantec Corp.

    236,479        4,604,246   
   

 

 

 
      232,581,447   
   

 

 

 

Specialty Retail—2.6%

  

Advance Auto Parts, Inc.

    25,307        4,796,436   

AutoNation, Inc. (b)

    27,055        1,574,060   

AutoZone, Inc. (b)

    10,671        7,723,990   

Bed Bath & Beyond, Inc. (a) (b)

    58,619        3,342,455   

Best Buy Co., Inc. (a)

    106,081        3,937,727   

CarMax, Inc. (a) (b)

    71,908        4,265,583   

GameStop Corp. - Class A (a)

    36,886        1,520,072   

Gap, Inc. (The) (a)

    82,225        2,343,413   

Home Depot, Inc. (The)

    443,840        51,259,082   

L Brands, Inc.

    88,805        8,003,995   

Lowe’s Cos., Inc.

    319,799        22,040,547   

O’Reilly Automotive, Inc. (a) (b)

    34,358        8,589,500   

Ross Stores, Inc.

    143,023        6,932,325   

Signet Jewelers, Ltd. (a)

    27,511        3,745,072   

Staples, Inc.

    222,443        2,609,256   

Tiffany & Co.

    38,775        2,994,205   

TJX Cos., Inc. (The)

    233,091        16,647,359   

Tractor Supply Co. (a)

    46,945        3,958,402   

Urban Outfitters, Inc. (a) (b)

    32,772        962,841   
   

 

 

 
      157,246,320   
   

 

 

 

Technology Hardware, Storage & Peripherals—4.5%

  

Apple, Inc.

    1,971,102        217,412,551   

EMC Corp.

    665,266        16,072,827   

Hewlett-Packard Co.

    624,373        15,990,192   

NetApp, Inc. (a)

    103,721        3,070,142   

SanDisk Corp. (a)

    70,662        3,839,066   

Seagate Technology plc (a)

    104,395        4,676,896   

Western Digital Corp.

    79,637        6,326,363   
   

 

 

 
      267,388,037   
   

 

 

 

Textiles, Apparel & Luxury Goods—1.0%

  

Coach, Inc. (a)

    95,613        2,766,084   

Fossil Group, Inc. (a) (b)

    14,312        799,755   

Hanesbrands, Inc.

    139,113        4,025,930   

Michael Kors Holdings, Ltd. (b)

    66,854        2,823,913   

 

MSF-133


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Textiles, Apparel & Luxury Goods—(Continued)

  

NIKE, Inc. - Class B

    234,309      $ 28,812,978   

PVH Corp.

    28,530        2,908,348   

Ralph Lauren Corp.

    20,658        2,440,949   

Under Armour, Inc. - Class A (a) (b)

    62,203        6,020,007   

VF Corp.

    117,696        8,028,044   
   

 

 

 
      58,626,008   
   

 

 

 

Thrifts & Mortgage Finance—0.0%

  

Hudson City Bancorp, Inc.

    166,555        1,693,864   
   

 

 

 

Tobacco—1.5%

  

Altria Group, Inc.

    677,699        36,866,825   

Philip Morris International, Inc.

    535,464        42,478,359   

Reynolds American, Inc.

    286,495        12,683,134   
   

 

 

 
      92,028,318   
   

 

 

 

Trading Companies & Distributors—0.2%

  

Fastenal Co. (a)

    100,293        3,671,727   

United Rentals, Inc. (a) (b)

    32,964        1,979,488   

WW Grainger, Inc. (a)

    20,980        4,510,910   
   

 

 

 
      10,162,125   
   

 

 

 

Total Common Stocks
(Cost $3,641,284,311)

      5,847,069,308   
   

 

 

 
Mutual Fund—1.3%   

Investment Company Security — 1.3%

  

SPDR S&P 500 ETF Trust (a) (Cost $78,753,936)

    420,000        80,484,600   
   

 

 

 
Short-Term Investments—9.2%   

Discount Notes—0.6%

  

Federal Home Loan Bank
0.106%, 11/20/15 (e)

    2,375,000        2,374,649   

0.120%, 11/30/15 (e)

    1,500,000        1,499,700   

0.135%, 12/17/15 (e)

    1,500,000        1,499,567   

0.138%, 01/04/16 (e)

    12,675,000        12,670,397   

0.149%, 11/18/15 (e)

    750,000        749,850   

0.155%, 12/28/15 (e)

    6,650,000        6,647,480   

Discount Notes—(Continued)

  

Federal Home Loan Bank
0.167%, 11/13/15 (e)

    125,000      124,975   

0.193%, 01/20/16 (e)

    7,550,000        7,545,538   

0.323%, 03/09/16 (e)

    2,750,000        2,746,089   
   

 

 

 
      35,858,245   
   

 

 

 

Mutual Fund—8.6%

  

State Street Navigator Securities Lending MET Portfolio (f)

    512,281,868        512,281,868   
   

 

 

 

Total Short-Term Investments (Cost $548,140,113)

      548,140,113   
   

 

 

 

Total Investments— 108.5%
(Cost $4,268,178,360) (g)

      6,475,694,021   

Other assets and liabilities (net)—(8.5)%

      (506,873,705
   

 

 

 
Net Assets—100.0%     $ 5,968,820,316   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $583,418,234 and the collateral received consisted of cash in the amount of $512,281,868 and non-cash collateral with a value of $72,987,854. 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, 2015, the market value of securities pledged was $12,201,863.
(e) The rate shown represents current yield to maturity.
(f) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(g) As of September 30, 2015, the aggregate cost of investments was $4,268,178,360. The aggregate unrealized appreciation and depreciation of investments were $2,343,658,454 and $(136,142,793), respectively, resulting in net unrealized appreciation of $2,207,515,661.
(ETF)— Exchange-Traded Fund

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
   Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

S&P 500 Index Futures

   12/17/15      64         USD         30,603,377       $ (64,177
              

 

 

 

 

(USD)— United States Dollar

 

MSF-134


Table of Contents

Metropolitan Series Fund

MetLife Stock Index Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 5,847,069,308      $      $       $ 5,847,069,308   

Total Mutual Fund*

     80,484,600                       80,484,600   
Short-Term Investments          

Discount Notes

            35,858,245                35,858,245   

Mutual Fund

     512,281,868                       512,281,868   

Total Short-Term Investments

     512,281,868        35,858,245                548,140,113   

Total Investments

   $ 6,439,835,776      $ 35,858,245      $       $ 6,475,694,021   

Collateral for Securities Loaned (Liability)

   $      $ (512,281,868   $       $ (512,281,868
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (64,177   $      $       $ (64,177

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-135


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—59.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.9%

   

General Dynamics Corp.

    12,730      $ 1,756,104   

Honeywell International, Inc.

    70,434        6,669,395   

Lockheed Martin Corp.

    27,261        5,651,478   

Northrop Grumman Corp.

    30,753        5,103,460   

United Technologies Corp.

    69,882        6,218,799   
   

 

 

 
      25,399,236   
   

 

 

 

Air Freight & Logistics—0.5%

   

United Parcel Service, Inc. - Class B

    39,120        3,860,753   
   

 

 

 

Auto Components—1.0%

   

Delphi Automotive plc

    39,933        3,036,506   

Johnson Controls, Inc.

    82,342        3,405,665   

Magna International, Inc.

    51,287        2,460,008   
   

 

 

 
      8,902,179   
   

 

 

 

Automobiles—0.5%

   

General Motors Co.

    24,882        746,958   

Hyundai Motor Co.

    9,671        1,345,111   

Kia Motors Corp.

    47,441        2,151,927   
   

 

 

 
      4,243,996   
   

 

 

 

Banks—6.1%

   

Bank of America Corp.

    143,919        2,242,258   

BB&T Corp.

    40,146        1,429,198   

BOC Hong Kong Holdings, Ltd.

    182,500        538,673   

Citigroup, Inc.

    34,645        1,718,738   

HSBC Holdings plc

    152,546        1,153,978   

JPMorgan Chase & Co.

    359,010        21,888,840   

PNC Financial Services Group, Inc. (The)

    30,368        2,708,825   

Standard Chartered plc

    50,773        493,610   

Sumitomo Mitsui Financial Group, Inc. (a)

    48,800        1,857,694   

SunTrust Banks, Inc.

    20,671        790,459   

U.S. Bancorp

    81,208        3,330,340   

Wells Fargo & Co.

    290,610        14,922,823   
   

 

 

 
      53,075,436   
   

 

 

 

Beverages—0.5%

   

Coca-Cola Co. (The)

    26,623        1,068,115   

Diageo plc

    134,850        3,628,877   
   

 

 

 
      4,696,992   
   

 

 

 

Building Products—0.1%

   

Owens Corning

    13,784        577,687   
   

 

 

 

Capital Markets—2.7%

   

Bank of New York Mellon Corp. (The)

    146,396        5,731,403   

BlackRock, Inc.

    9,460        2,814,066   

Blackstone Group L.P. (The)

    24,884        788,076   

Franklin Resources, Inc.

    73,379        2,734,102   

Goldman Sachs Group, Inc. (The)

    34,396        5,976,649   

Morgan Stanley

    46,529        1,465,664   

State Street Corp. (a)

    52,286        3,514,142   
   

 

 

 
      23,024,102   
   

 

 

 

Chemicals—1.7%

   

Axalta Coating Systems, Ltd. (a) (b)

    50,271      $ 1,273,867   

Celanese Corp. - Series A (a)

    19,003        1,124,407   

E.I. du Pont de Nemours & Co.

    21,484        1,035,529   

LyondellBasell Industries NV - Class A

    50,648        4,222,017   

Monsanto Co.

    7,502        640,221   

PPG Industries, Inc.

    67,520        5,920,829   

Praxair, Inc.

    6,657        678,082   
   

 

 

 
      14,894,952   
   

 

 

 

Commercial Services & Supplies—0.3%

   

Tyco International plc

    84,276        2,819,875   
   

 

 

 

Communications Equipment—0.6%

   

Cisco Systems, Inc.

    184,864        4,852,680   
   

 

 

 

Consumer Finance—0.7%

   

American Express Co.

    49,228        3,649,271   

Discover Financial Services

    38,326        1,992,569   
   

 

 

 
      5,641,840   
   

 

 

 

Containers & Packaging—0.1%

   

Crown Holdings, Inc. (b)

    18,445        843,859   
   

 

 

 

Distributors—0.1%

   

LKQ Corp. (b)

    38,131        1,081,395   
   

 

 

 

Diversified Financial Services—0.2%

   

McGraw Hill Financial, Inc.

    3,678        318,147   

Nasdaq, Inc.

    29,053        1,549,397   
   

 

 

 
      1,867,544   
   

 

 

 

Diversified Telecommunication Services—1.6%

  

AT&T, Inc.

    37,610        1,225,334   

Frontier Communications Corp. (a)

    173,056        822,016   

TDC A/S

    148,611        766,873   

Telecom Italia S.p.A. - Risparmio Shares

    832,550        854,399   

Telefonica Brasil S.A. (ADR)

    100,513        917,683   

Verizon Communications, Inc.

    206,284        8,975,417   
   

 

 

 
      13,561,722   
   

 

 

 

Electric Utilities—1.5%

   

American Electric Power Co., Inc.

    72,445        4,119,223   

Duke Energy Corp.

    29,770        2,141,654   

Edison International

    10,265        647,413   

Exelon Corp.

    75,434        2,240,390   

PPL Corp.

    102,888        3,383,986   
   

 

 

 
      12,532,666   
   

 

 

 

Electrical Equipment—0.3%

   

Eaton Corp. plc

    46,195        2,369,804   
   

 

 

 

Energy Equipment & Services—0.4%

   

Baker Hughes, Inc.

    2,809        146,180   

National Oilwell Varco, Inc. (a)

    23,318        877,923   

Noble Corp. plc (a)

    47,578        519,076   

 

MSF-136


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Energy Equipment & Services—(Continued)

  

Schlumberger, Ltd.

    28,379      $ 1,957,300   
   

 

 

 
      3,500,479   
   

 

 

 

Food & Staples Retailing—1.3%

   

CVS Health Corp.

    104,797        10,110,814   

Kroger Co. (The)

    32,911        1,187,100   
   

 

 

 
      11,297,914   
   

 

 

 

Food Products—2.2%

   

Archer-Daniels-Midland Co.

    12,192        505,358   

Danone S.A.

    34,623        2,189,696   

General Mills, Inc.

    102,909        5,776,282   

Ingredion, Inc.

    10,344        903,135   

Kellogg Co.

    23,414        1,558,202   

Marine Harvest ASA (b)

    81,679        1,043,412   

McCormick & Co., Inc. (a)

    14,853        1,220,620   

Mondelez International, Inc. - Class A

    29,255        1,224,907   

Nestle S.A.

    61,600        4,638,880   
   

 

 

 
      19,060,492   
   

 

 

 

Health Care Equipment & Supplies—1.8%

   

Abbott Laboratories

    109,802        4,416,236   

Cooper Cos., Inc. (The) (a)

    7,722        1,149,497   

Medtronic plc

    79,697        5,334,917   

St. Jude Medical, Inc.

    47,052        2,968,511   

Zimmer Biomet Holdings, Inc.

    13,879        1,303,655   
   

 

 

 
      15,172,816   
   

 

 

 

Health Care Providers & Services—0.6%

   

Community Health Systems, Inc. (b)

    16,909        723,198   

Express Scripts Holding Co. (a) (b)

    36,106        2,923,142   

Health Net, Inc. (b)

    16,114        970,385   

McKesson Corp.

    5,078        939,582   
   

 

 

 
      5,556,307   
   

 

 

 

Hotels, Restaurants & Leisure—0.7%

   

Aramark (a)

    39,109        1,159,191   

Darden Restaurants, Inc.

    9,108        624,262   

Hilton Worldwide Holdings, Inc. (a)

    28,668        657,644   

McDonald’s Corp.

    18,270        1,800,143   

Yum! Brands, Inc.

    25,296        2,022,415   
   

 

 

 
      6,263,655   
   

 

 

 

Household Durables—0.0%

   

Newell Rubbermaid, Inc.

    9,835        390,548   
   

 

 

 

Household Products—0.4%

   

Kimberly-Clark Corp.

    11,383        1,241,202   

Procter & Gamble Co. (The)

    11,391        819,469   

Reckitt Benckiser Group plc

    12,210        1,108,315   
   

 

 

 
      3,168,986   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.1%

  

NRG Energy, Inc.

    37,401        555,405   
   

 

 

 

Industrial Conglomerates—1.8%

   

3M Co.

    41,299      5,854,959   

Danaher Corp.

    102,872        8,765,723   

Siemens AG

    14,799        1,322,191   
   

 

 

 
      15,942,873   
   

 

 

 

Insurance—3.7%

   

ACE, Ltd. (a)

    48,769        5,042,714   

Aon plc

    39,188        3,472,449   

Chubb Corp. (The)

    22,738        2,788,816   

Delta Lloyd NV

    79,605        669,956   

Prudential Financial, Inc.

    74,469        5,675,282   

Suncorp Group, Ltd.

    126,714        1,091,799   

Travelers Cos., Inc. (The)

    92,193        9,175,969   

Validus Holdings, Ltd. (a)

    58,753        2,647,998   

Zurich Insurance Group AG (b)

    7,174        1,764,950   
   

 

 

 
      32,329,933   
   

 

 

 

Internet & Catalog Retail—0.3%

   

Amazon.com, Inc. (b)

    5,281        2,703,291   
   

 

 

 

Internet Software & Services—0.1%

   

Alphabet, Inc. - Class A (b)

    1,891        1,207,158   
   

 

 

 

IT Services—2.2%

   

Accenture plc - Class A

    77,745        7,639,224   

Fidelity National Information Services, Inc.

    18,476        1,239,370   

Fiserv, Inc. (a) (b)

    15,918        1,378,658   

International Business Machines Corp.

    31,040        4,499,869   

Sabre Corp.

    54,087        1,470,085   

Visa, Inc. - Class A (a)

    42,072        2,930,735   
   

 

 

 
      19,157,941   
   

 

 

 

Leisure Products—0.2%

   

Hasbro, Inc. (a)

    18,857        1,360,344   
   

 

 

 

Life Sciences Tools & Services—0.6%

   

Thermo Fisher Scientific, Inc.

    41,883        5,121,453   
   

 

 

 

Machinery—1.1%

   

Allison Transmission Holdings, Inc.

    80,638        2,152,228   

Caterpillar, Inc. (a)

    12,451        813,797   

Deere & Co. (a)

    6,239        461,686   

Illinois Tool Works, Inc.

    33,835        2,784,959   

Parker-Hannifin Corp.

    4,327        421,017   

Pentair plc (a)

    28,838        1,471,892   

Stanley Black & Decker, Inc.

    17,277        1,675,524   
   

 

 

 
      9,781,103   
   

 

 

 

Media—2.8%

   

Comcast Corp. - Special Class A (a)

    157,563        9,018,906   

Omnicom Group, Inc. (a)

    44,751        2,949,091   

Time Warner Cable, Inc.

    21,832        3,916,006   

Time Warner, Inc.

    55,969        3,847,869   

Time, Inc.

    2,039        38,843   

Twenty-First Century Fox, Inc. - Class A

    40,789        1,100,487   

 

MSF-137


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Media—(Continued)

   

Viacom, Inc. - Class B

    17,174      $ 741,058   

Walt Disney Co. (The)

    25,245        2,580,039   
   

 

 

 
      24,192,299   
   

 

 

 

Metals & Mining—0.1%

   

Rio Tinto plc

    36,315        1,218,322   
   

 

 

 

Multi-Utilities—0.3%

   

Engie

    78,923        1,278,031   

PG&E Corp. (a)

    10,005        528,264   

Public Service Enterprise Group, Inc.

    26,278        1,107,880   
   

 

 

 
      2,914,175   
   

 

 

 

Multiline Retail—1.5%

   

Kohl’s Corp. (a)

    91,764        4,249,591   

Target Corp.

    106,714        8,394,123   
   

 

 

 
      12,643,714   
   

 

 

 

Oil, Gas & Consumable Fuels—3.3%

   

Anadarko Petroleum Corp.

    26,598        1,606,253   

Canadian Natural Resources, Ltd.

    23,241        452,038   

Chevron Corp.

    54,003        4,259,757   

Crescent Point Energy Corp.

    99,837        1,142,384   

EOG Resources, Inc.

    24,293        1,768,530   

EQT Corp.

    14,479        937,805   

Exxon Mobil Corp.

    71,736        5,333,572   

Marathon Petroleum Corp.

    29,086        1,347,554   

Noble Energy, Inc.

    39,869        1,203,246   

Occidental Petroleum Corp.

    37,874        2,505,365   

Royal Dutch Shell plc - A Shares

    78,471        1,850,480   

Valero Energy Corp.

    68,552        4,119,975   

Williams Cos., Inc. (The)

    25,173        927,625   

Williams Partners L.P.

    24,173        771,602   
   

 

 

 
      28,226,186   
   

 

 

 

Pharmaceuticals—5.0%

   

Allergan plc (b)

    6,591        1,791,500   

Bayer AG

    8,474        1,083,047   

Bristol-Myers Squibb Co.

    103,029        6,099,317   

Eli Lilly & Co.

    81,043        6,782,489   

Indivior plc

    12,210        41,998   

Johnson & Johnson

    109,716        10,241,988   

Merck & Co., Inc.

    180,943        8,936,775   

Novartis AG

    6,437        592,943   

Pfizer, Inc.

    207,719        6,524,454   

Roche Holding AG

    1,848        488,526   

Valeant Pharmaceuticals International, Inc. (b)

    4,633        826,434   
   

 

 

 
      43,409,471   
   

 

 

 

Professional Services—0.0%

   

Equifax, Inc.

    3,620        351,792   
   

 

 

 

Real Estate Investment Trusts—0.5%

  

Home Properties, Inc.

    16,396        1,225,601   

Hospitality Properties Trust (a)

    29,569        756,375   

Real Estate Investment Trusts—(Continued)

  

 

Medical Properties Trust, Inc. (a)

    107,359      1,187,391   

Starwood Property Trust, Inc. (a)

    39,456        809,637   
   

 

 

 
      3,979,004   
   

 

 

 

Road & Rail—0.3%

   

Canadian National Railway Co.

    16,482        935,518   

Union Pacific Corp.

    21,958        1,941,307   
   

 

 

 
      2,876,825   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.6%

  

Analog Devices, Inc.

    6,836        385,619   

Broadcom Corp. - Class A

    40,032        2,058,846   

Intel Corp.

    34,752        1,047,425   

Maxim Integrated Products, Inc.

    26,337        879,656   

Microchip Technology, Inc. (a)

    87,302        3,761,843   

NVIDIA Corp. (a)

    9,174        226,139   

Taiwan Semiconductor Manufacturing Co., Ltd. (ADR)

    107,793        2,236,705   

Texas Instruments, Inc.

    67,048        3,320,217   
   

 

 

 
      13,916,450   
   

 

 

 

Software—1.2%

  

Aspen Technology, Inc. (a) (b)

    19,729        747,926   

CA, Inc.

    36,431        994,566   

Electronic Arts, Inc. (b)

    27,082        1,834,806   

Microsoft Corp.

    63,340        2,803,428   

Oracle Corp.

    84,237        3,042,641   

Symantec Corp.

    57,739        1,124,178   
   

 

 

 
      10,547,545   
   

 

 

 

Specialty Retail—0.5%

  

Advance Auto Parts, Inc. (a)

    3,818        723,625   

American Eagle Outfitters, Inc. (a)

    220,903        3,452,714   

Bed Bath & Beyond, Inc. (a) (b)

    6,946        396,061   
   

 

 

 
      4,572,400   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.9%

  

Apple, Inc.

    20,041        2,210,522   

EMC Corp.

    33,126        800,324   

Hewlett-Packard Co.

    37,844        969,185   

Seagate Technology plc (a)

    22,076        989,005   

Western Digital Corp.

    39,264        3,119,132   
   

 

 

 
      8,088,168   
   

 

 

 

Tobacco—2.6%

  

Altria Group, Inc.

    92,494        5,031,674   

Imperial Tobacco Group plc

    6,541        338,550   

Japan Tobacco, Inc.

    72,900        2,267,760   

Philip Morris International, Inc.

    164,641        13,060,971   

Reynolds American, Inc.

    36,614        1,620,902   
   

 

 

 
      22,319,857   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

Vodafone Group plc

    235,792        745,583   
   

 

 

 

Total Common Stocks
(Cost $427,503,626)

      516,819,207   
   

 

 

 

 

MSF-138


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

U.S. Treasury & Government Agencies—23.7%

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—11.8%

  

Fannie Mae 15 Yr. Pool

   

2.500%, 02/01/28

    386,160      $ 397,356   

2.500%, 05/01/28

    222,365        228,806   

2.500%, 05/01/30

    281,506        287,591   

3.000%, 03/01/27

    148,120        154,948   

3.000%, 04/01/27

    466,619        488,129   

3.000%, 04/01/30

    397,430        414,340   

3.000%, TBA (c)

    1,427,000        1,483,578   

4.500%, 04/01/18

    17,969        18,618   

4.500%, 06/01/18

    48,937        50,725   

4.500%, 07/01/18

    44,034        45,635   

4.500%, 03/01/19

    72,751        75,446   

4.500%, 06/01/19

    50,701        52,660   

4.500%, 04/01/20

    50,403        52,644   

4.500%, 07/01/20

    26,526        27,701   

5.000%, 11/01/17

    35,975        37,372   

5.000%, 02/01/18

    107,644        111,822   

5.000%, 12/01/18

    178,671        186,108   

5.000%, 07/01/19

    104,814        110,354   

5.000%, 07/01/20

    79,420        83,217   

5.000%, 08/01/20

    39,646        42,223   

5.000%, 12/01/20

    126,661        133,612   

5.500%, 11/01/17

    56,331        58,058   

5.500%, 12/01/17

    8,450        8,730   

5.500%, 01/01/18

    47,903        49,396   

5.500%, 02/01/18

    34,388        35,333   

5.500%, 06/01/19

    110,753        116,477   

5.500%, 07/01/19

    89,366        93,961   

5.500%, 08/01/19

    26,595        27,966   

5.500%, 09/01/19

    99,613        105,137   

5.500%, 01/01/21

    50,851        54,452   

5.500%, 03/01/21

    15,958        17,225   

6.000%, 07/01/16

    7,451        7,524   

6.000%, 01/01/17

    10,432        10,511   

6.000%, 02/01/17

    19,586        20,055   

6.000%, 07/01/17

    28,885        29,646   

6.000%, 08/01/17

    3,626        3,735   

6.000%, 09/01/17

    29,844        30,698   

6.000%, 03/01/18

    3,871        4,003   

6.000%, 11/01/18

    21,564        22,311   

6.000%, 01/01/21

    60,703        64,875   

6.000%, 05/01/21

    20,079        21,230   

Fannie Mae 20 Yr. Pool

   

6.000%, 11/01/25

    32,242        36,346   

Fannie Mae 30 Yr. Pool

   

3.500%, 11/01/41

    82,685        86,335   

3.500%, 01/01/42

    969,467        1,017,411   

3.500%, 04/01/43

    1,054,372        1,102,203   

3.500%, 05/01/43

    1,936,883        2,024,017   

3.500%, 06/01/43

    664,967        694,967   

3.500%, 07/01/43

    1,765,461        1,845,481   

3.500%, 09/01/43

    2,843,729        2,971,921   

4.000%, 09/01/40

    781,304        834,978   

4.000%, 12/01/40

    601,461        642,928   

4.000%, 02/01/41

    204,583        218,789   

4.000%, 01/01/42

    1,002,538        1,072,902   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

4.000%, 07/01/43

    567,240      605,542   

4.000%, 11/01/44

    2,005,076        2,140,181   

4.000%, 02/01/45

    7,361,135        7,857,141   

4.500%, 08/01/33

    274,010        298,068   

4.500%, 03/01/34

    834,205        910,535   

4.500%, 01/01/40

    287,609        312,693   

4.500%, 08/01/40

    68,531        74,929   

4.500%, 02/01/41

    416,560        456,452   

4.500%, 04/01/41

    757,594        827,620   

4.500%, 04/01/44

    3,300,320        3,583,995   

5.000%, 11/01/33

    151,041        167,156   

5.000%, 03/01/34

    129,960        143,885   

5.000%, 05/01/34

    54,469        60,301   

5.000%, 08/01/34

    55,223        61,106   

5.000%, 09/01/34

    206,442        228,489   

5.000%, 06/01/35

    140,986        155,448   

5.000%, 07/01/35

    429,907        473,992   

5.000%, 08/01/35

    129,827        143,114   

5.000%, 09/01/35

    96,633        106,409   

5.000%, 10/01/35

    383,084        422,045   

5.000%, 07/01/39

    419,982        469,785   

5.000%, 10/01/39

    271,092        300,825   

5.000%, 11/01/39

    113,218        126,525   

5.000%, 11/01/40

    152,056        168,860   

5.000%, 01/01/41

    49,006        53,988   

5.000%, 03/01/41

    108,302        119,793   

5.500%, 02/01/33

    69,733        78,529   

5.500%, 05/01/33

    11,644        12,996   

5.500%, 06/01/33

    247,502        278,681   

5.500%, 07/01/33

    249,114        280,316   

5.500%, 11/01/33

    153,502        172,696   

5.500%, 12/01/33

    19,222        21,454   

5.500%, 01/01/34

    178,514        200,871   

5.500%, 02/01/34

    226,766        255,570   

5.500%, 03/01/34

    56,370        64,348   

5.500%, 04/01/34

    77,272        86,702   

5.500%, 05/01/34

    450,554        509,223   

5.500%, 06/01/34

    581,369        657,296   

5.500%, 07/01/34

    168,155        188,576   

5.500%, 09/01/34

    689,859        778,756   

5.500%, 10/01/34

    755,812        850,104   

5.500%, 11/01/34

    951,179        1,063,528   

5.500%, 12/01/34

    455,144        508,342   

5.500%, 01/01/35

    466,241        527,225   

5.500%, 02/01/35

    29,206        32,593   

5.500%, 04/01/35

    88,488        100,021   

5.500%, 07/01/35

    45,744        51,545   

5.500%, 08/01/35

    18,664        20,827   

5.500%, 09/01/35

    286,646        324,971   

6.000%, 02/01/32

    167,956        191,541   

6.000%, 03/01/34

    27,673        31,470   

6.000%, 04/01/34

    269,942        306,534   

6.000%, 06/01/34

    334,908        381,777   

6.000%, 07/01/34

    315,739        359,582   

6.000%, 08/01/34

    499,888        567,313   

 

MSF-139


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.000%, 10/01/34

    258,342      $ 292,053   

6.000%, 11/01/34

    38,841        43,868   

6.000%, 12/01/34

    9,261        10,442   

6.000%, 08/01/35

    76,713        87,473   

6.000%, 09/01/35

    90,610        103,193   

6.000%, 10/01/35

    146,360        167,476   

6.000%, 11/01/35

    34,654        39,486   

6.000%, 12/01/35

    141,948        161,348   

6.000%, 02/01/36

    171,262        195,587   

6.000%, 04/01/36

    182,428        208,425   

6.000%, 06/01/36

    48,522        54,882   

6.000%, 07/01/37

    185,620        211,559   

6.500%, 06/01/31

    48,698        55,632   

6.500%, 07/01/31

    10,668        12,187   

6.500%, 08/01/31

    14,945        17,073   

6.500%, 09/01/31

    43,745        49,973   

6.500%, 02/01/32

    34,950        40,820   

6.500%, 07/01/32

    135,997        159,666   

6.500%, 08/01/32

    111,499        127,374   

6.500%, 01/01/33

    59,205        70,845   

6.500%, 04/01/34

    68,041        79,752   

6.500%, 06/01/34

    35,528        40,586   

6.500%, 08/01/34

    35,735        40,822   

6.500%, 04/01/36

    26,399        30,158   

6.500%, 05/01/36

    111,621        135,344   

6.500%, 02/01/37

    163,343        191,174   

6.500%, 05/01/37

    112,563        131,084   

6.500%, 07/01/37

    78,557        89,742   

Fannie Mae Pool

   

2.410%, 05/01/23

    96,001        97,273   

2.550%, 05/01/23

    154,383        157,823   

3.800%, 02/01/18

    135,318        142,365   

3.854%, 07/01/18

    174,855        185,740   

3.910%, 02/01/18

    196,232        206,545   

4.600%, 09/01/19

    130,771        144,039   

5.370%, 05/01/18

    612,901        675,752   

5.439%, 11/01/15

    82,521        82,333   

5.663%, 02/01/16

    121,389        121,516   

5.733%, 07/01/16

    225,537        228,501   

Fannie Mae-ACES

   

2.578%, 09/25/18

    500,000        517,822   

Freddie Mac 15 Yr. Gold Pool

   

3.000%, TBA (c)

    2,660,000        2,767,230   

4.500%, 05/01/18

    18,556        19,222   

4.500%, 08/01/18

    36,271        37,572   

4.500%, 11/01/18

    50,958        52,810   

4.500%, 01/01/19

    100,390        104,036   

4.500%, 08/01/19

    6,232        6,467   

4.500%, 02/01/20

    43,515        45,362   

4.500%, 08/01/24

    394,431        421,508   

5.000%, 12/01/17

    1,101        1,145   

5.000%, 05/01/18

    17,960        18,673   

5.000%, 09/01/18

    54,805        56,981   

5.500%, 01/01/19

    19,654        20,463   

5.500%, 04/01/19

    10,916        11,365   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 15 Yr. Gold Pool

   

5.500%, 06/01/19

    8,617      $ 9,016   

5.500%, 07/01/19

    6,584        6,855   

5.500%, 08/01/19

    6,722        7,065   

5.500%, 02/01/20

    5,497        5,786   

6.000%, 04/01/16

    931        936   

6.000%, 04/01/17

    7,123        7,310   

6.000%, 07/01/17

    3,893        3,977   

6.000%, 10/01/17

    7,408        7,585   

6.000%, 08/01/19

    60,317        63,230   

6.000%, 09/01/19

    11,229        11,536   

6.000%, 11/01/19

    20,112        21,092   

6.000%, 05/01/21

    30,599        32,651   

6.000%, 10/01/21

    53,427        57,164   

Freddie Mac 20 Yr. Gold Pool

   

5.500%, 10/01/24

    69,433        76,923   

5.500%, 06/01/25

    124,881        138,343   

5.500%, 07/01/25

    70,881        78,524   

5.500%, 08/01/25

    100,932        111,814   

6.000%, 02/01/23

    100,984        113,511   

6.000%, 12/01/25

    44,947        50,532   

6.000%, 02/01/26

    37,243        41,824   

Freddie Mac 30 Yr. Gold Pool

   

3.000%, 10/01/42

    725,099        735,435   

3.000%, 04/01/43

    1,698,231        1,725,642   

3.000%, 05/01/43

    1,450,376        1,472,655   

3.500%, 02/01/42

    837,801        876,533   

3.500%, 04/01/42

    461,123        484,726   

3.500%, 12/01/42

    1,269,760        1,329,975   

3.500%, 04/01/43

    354,777        371,594   

3.500%, 07/01/43

    492,670        513,867   

3.500%, 08/01/43

    842,234        877,975   

3.500%, TBA (c)

    950,000        984,178   

4.000%, 11/01/40

    1,130,048        1,206,917   

4.000%, 01/01/41

    1,667,105        1,780,648   

4.000%, 11/01/43

    734,861        783,051   

4.000%, 04/01/44

    952,725        1,016,606   

4.000%, 09/01/44

    2,495,312        2,658,945   

4.000%, TBA (c)

    850,000        901,242   

4.500%, 04/01/35

    77,132        83,735   

4.500%, 07/01/39

    422,068        458,860   

4.500%, 09/01/39

    216,171        235,151   

4.500%, 10/01/39

    130,064        141,379   

5.000%, 09/01/33

    311,695        345,574   

5.000%, 03/01/34

    74,904        83,289   

5.000%, 04/01/34

    54,658        60,358   

5.000%, 08/01/35

    81,003        89,156   

5.000%, 10/01/35

    161,417        178,605   

5.000%, 11/01/35

    148,917        163,354   

5.000%, 12/01/36

    92,396        101,712   

5.000%, 07/01/39

    694,221        760,684   

5.500%, 12/01/33

    339,610        382,793   

5.500%, 01/01/34

    230,491        256,938   

5.500%, 04/01/34

    52,466        59,138   

5.500%, 11/01/34

    48,706        54,134   

5.500%, 12/01/34

    68,101        75,467   

 

MSF-140


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 30 Yr. Gold Pool

   

5.500%, 05/01/35

    37,303      $ 41,318   

5.500%, 09/01/35

    83,719        92,760   

5.500%, 10/01/35

    77,220        87,206   

6.000%, 04/01/34

    112,192        128,018   

6.000%, 07/01/34

    50,554        57,156   

6.000%, 08/01/34

    368,953        418,624   

6.000%, 09/01/34

    7,204        8,102   

6.000%, 07/01/35

    69,007        78,516   

6.000%, 08/01/35

    81,247        92,862   

6.000%, 11/01/35

    150,418        171,769   

6.000%, 03/01/36

    73,108        83,292   

6.000%, 10/01/36

    68,184        76,655   

6.000%, 03/01/37

    8,181        9,196   

6.000%, 05/01/37

    82,099        92,707   

6.000%, 06/01/37

    116,226        131,777   

6.500%, 05/01/34

    29,750        34,015   

6.500%, 06/01/34

    80,544        92,115   

6.500%, 08/01/34

    120,408        137,737   

6.500%, 10/01/34

    114,158        136,660   

6.500%, 11/01/34

    46,252        52,876   

6.500%, 05/01/37

    85,499        100,341   

6.500%, 07/01/37

    126,509        145,812   

Freddie Mac Multifamily Structured Pass-Through Certificates (CMO)

   

1.869%, 11/25/19

    363,000        366,582   

2.412%, 08/25/18

    458,000        470,980   

2.456%, 08/25/19

    330,000        340,237   

2.510%, 11/25/22

    415,000        419,915   

2.670%, 12/25/24

    507,000        506,463   

2.682%, 10/25/22

    620,000        634,791   

2.791%, 01/25/22

    474,000        491,702   

3.111%, 02/25/23

    695,000        728,974   

3.154%, 02/25/18

    112,655        117,233   

3.171%, 10/25/24

    424,000        440,722   

3.250%, 04/25/23 (d)

    803,000        849,562   

3.320%, 02/25/23 (d)

    186,000        197,657   

3.458%, 08/25/23 (d)

    835,000        892,799   

5.085%, 03/25/19

    1,226,000        1,370,457   

Ginnie Mae I 30 Yr. Pool

   

3.000%, 02/15/43

    589,345        605,144   

3.500%, 12/15/41

    407,222        428,667   

3.500%, 02/15/42

    212,641        223,507   

4.500%, 09/15/33

    126,853        138,525   

4.500%, 11/15/39

    462,382        501,300   

4.500%, 03/15/40

    428,763        473,772   

4.500%, 04/15/40

    624,298        679,130   

4.500%, 06/15/40

    237,508        260,765   

5.000%, 03/15/34

    46,939        52,349   

5.000%, 06/15/34

    109,987        123,149   

5.000%, 12/15/34

    44,854        49,706   

5.000%, 06/15/35

    15,690        17,258   

5.500%, 11/15/32

    160,182        181,228   

5.500%, 08/15/33

    377,404        422,270   

5.500%, 12/15/33

    200,938        229,038   

5.500%, 09/15/34

    151,040        172,836   

5.500%, 10/15/35

    42,601        48,181   

6.000%, 12/15/28

    48,811        55,996   

6.000%, 12/15/31

    47,095        54,462   

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae I 30 Yr. Pool

   

6.000%, 03/15/32

    3,767      $ 4,232   

6.000%, 10/15/32

    186,911        215,917   

6.000%, 01/15/33

    80,092        91,148   

6.000%, 02/15/33

    2,334        2,674   

6.000%, 04/15/33

    209,475        242,067   

6.000%, 08/15/33

    1,597        1,818   

6.000%, 07/15/34

    142,290        163,078   

6.000%, 09/15/34

    44,150        49,604   

6.000%, 01/15/38

    202,255        230,466   

Ginnie Mae II 30 Yr. Pool

   

3.000%, 06/20/43

    781,600        801,945   

3.000%, 07/20/43

    576,768        591,781   

3.500%, 06/20/43

    1,151,877        1,210,242   

3.500%, 07/20/43

    1,834,439        1,927,390   

4.000%, 01/20/41

    1,501,377        1,613,427   

4.000%, 02/20/41

    376,351        404,381   

4.000%, 04/20/41

    281,482        302,404   

4.000%, 02/20/42

    400,526        429,604   

4.000%, TBA (c)

    200,000        213,082   

4.500%, 07/20/33

    25,920        28,090   

4.500%, 09/20/33

    16,275        17,638   

4.500%, 12/20/34

    12,875        13,933   

4.500%, 03/20/35

    65,325        70,817   

4.500%, 01/20/41

    400,843        436,667   

5.000%, 07/20/33

    55,274        61,307   

6.000%, 01/20/35

    59,165        67,550   

6.000%, 02/20/35

    29,065        33,339   

6.000%, 04/20/35

    47,337        54,714   
   

 

 

 
      102,145,493   
   

 

 

 

Federal Agencies—0.1%

   

Financing Corp.
9.650%, 11/02/18

    430,000        541,174   
   

 

 

 

U.S. Treasury—11.8%

   

U.S. Treasury Bonds

   

2.875%, 05/15/43

    18,040,900        17,983,115   

4.500%, 02/15/36

    293,000        384,189   

4.500%, 08/15/39

    6,003,000        7,830,943   

5.000%, 05/15/37

    232,000        325,295   

5.250%, 02/15/29

    16,000        21,479   

5.375%, 02/15/31

    276,000        383,043   

6.250%, 08/15/23

    80,000        105,798   

8.500%, 02/15/20

    1,104,000        1,443,394   

U.S. Treasury Notes

   

0.750%, 06/30/17 (a)

    26,286,000        26,358,208   

0.875%, 12/31/16

    2,152,000        2,162,788   

1.000%, 06/30/19

    16,589,000        16,507,349   

2.500%, 08/15/23

    2,324,000        2,429,124   

2.625%, 02/29/16

    800,000        808,172   

2.750%, 02/15/19

    2,524,100        2,664,897   

3.125%, 05/15/19

    6,086,000        6,518,045   

3.125%, 05/15/21

    3,504,000        3,799,559   

3.500%, 05/15/20

    7,140,000        7,827,318   

3.750%, 11/15/18

    2,067,000        2,244,121   

4.750%, 08/15/17

    2,444,000        2,631,152   
   

 

 

 
      102,427,989   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $199,822,821)

      205,114,656   
   

 

 

 

 

MSF-141


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—12.5%

 

Security Description   Principal
Amount*
    Value  

Agriculture—0.5%

   

Altria Group, Inc.
2.850%, 08/09/22

    1,020,000      $ 996,564   

BAT International Finance plc
3.250%, 06/07/22 (144A)

    1,026,000        1,040,798   

Imperial Tobacco Finance plc
2.950%, 07/21/20 (144A) (e)

    828,000        832,920   

Reynolds American, Inc.
4.450%, 06/12/25

    1,823,000        1,907,505   
   

 

 

 
      4,777,787   
   

 

 

 

Auto Manufacturers—0.2%

   

Toyota Motor Credit Corp.
3.400%, 09/15/21

    880,000        915,892   

Volkswagen International Finance NV
2.375%, 03/22/17 (144A) (a)

    857,000        844,490   
   

 

 

 
      1,760,382   
   

 

 

 

Banks—2.7%

   

Banco de Credito del Peru
5.375%, 09/16/20

    835,000        895,287   

Bank of America Corp.

   

4.100%, 07/24/23

    1,270,000        1,319,517   

4.125%, 01/22/24

    1,973,000        2,062,558   

5.490%, 03/15/19

    196,000        215,309   

7.625%, 06/01/19

    710,000        835,619   

Bank One Corp.
8.000%, 04/29/27

    100,000        132,784   

BBVA Bancomer S.A.
6.750%, 09/30/22 (144A)

    810,000        876,825   

BNP Paribas S.A.
7.195%, 06/25/37 (144A) (d)

    500,000        580,000   

BPCE S.A.
12.500%, 09/30/19 (144A) (d)

    922,000        1,206,667   

Capital One Financial Corp.
6.150%, 09/01/16

    1,330,000        1,385,384   

Citigroup, Inc.
2.500%, 09/26/18

    580,000        587,702   

Credit Suisse AG
6.500%, 08/08/23 (144A)

    830,000        893,288   

Discover Bank
4.200%, 08/08/23

    510,000        525,116   

Goldman Sachs Group, Inc. (The)
5.625%, 01/15/17

    1,351,000        1,418,862   

ING Bank NV
5.800%, 09/25/23 (144A)

    1,076,000        1,166,590   

JPMorgan Chase & Co.
6.300%, 04/23/19

    1,210,000        1,375,792   

KFW
4.875%, 06/17/19

    1,290,000        1,455,036   

Morgan Stanley

   

3.875%, 04/29/24

    1,081,000        1,104,145   

4.000%, 07/23/25

    396,000        404,709   

6.625%, 04/01/18

    1,343,000        1,495,476   

PNC Funding Corp.
5.625%, 02/01/17

    1,080,000        1,137,394   

Banks—(Continued)

   

Santander U.S. Debt S.A.
3.781%, 10/07/15 (144A)

    500,000      $ 500,080   

Swedbank AB
2.125%, 09/29/17 (144A)

    231,000        233,585   

U.S. Bancorp
3.700%, 01/30/24

    785,000        821,823   

Wells Fargo & Co.
5.900%, 06/15/24 (d)

    594,000        594,000   
   

 

 

 
      23,223,548   
   

 

 

 

Beverages—0.3%

   

Anheuser-Busch InBev Worldwide, Inc.
8.000%, 11/15/39

    1,020,000        1,473,365   

Diageo Capital plc
2.625%, 04/29/23

    1,020,000        982,775   
   

 

 

 
      2,456,140   
   

 

 

 

Biotechnology—0.3%

   

Celgene Corp.
2.875%, 08/15/20

    504,000        508,573   

Gilead Sciences, Inc.

   

3.500%, 02/01/25

    1,880,000        1,893,355   

3.700%, 04/01/24

    312,000        319,259   
   

 

 

 
      2,721,187   
   

 

 

 

Commercial Services—0.2%

   

ERAC USA Finance LLC
7.000%, 10/15/37 (144A)

    1,115,000        1,386,538   
   

 

 

 

Computers—0.0%

   

Apple, Inc.
3.850%, 05/04/43

    370,000        337,435   
   

 

 

 

Diversified Financial Services—0.2%

   

General Electric Capital Corp.

   

0.903%, 01/09/20 (d)

    1,265,000        1,266,045   

3.100%, 01/09/23

    481,000        491,807   
   

 

 

 
      1,757,852   
   

 

 

 

Electric—0.9%

   

Berkshire Hathaway Energy Co.
3.750%, 11/15/23

    440,000        453,353   

Midamerican Funding LLC
6.927%, 03/01/29

    699,000        927,785   

Oncor Electric Delivery Co. LLC
7.000%, 09/01/22

    795,000        980,333   

Pacific Gas & Electric Co.
4.600%, 06/15/43

    880,000        905,867   

PPL Capital Funding, Inc.

   

3.400%, 06/01/23

    880,000        881,317   

5.000%, 03/15/44

    296,000        309,553   

Progress Energy, Inc.
3.150%, 04/01/22

    1,083,000        1,080,889   

 

MSF-142


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Electric—(Continued)

   

PSEG Power LLC
5.320%, 09/15/16 (a)

    989,000      $ 1,025,934   

State Grid Overseas Investment, Ltd.
2.750%, 05/07/19 (144A) (e)

    778,000        790,527   

W3A Funding Corp.
8.090%, 01/02/17

    249,881        250,181   
   

 

 

 
      7,605,739   
   

 

 

 

Engineering & Construction—0.0%

   

ABB Finance USA, Inc.
2.875%, 05/08/22

    309,000        306,231   
   

 

 

 

Food—0.1%

   

J.M. Smucker Co. (The)
3.500%, 03/15/25 (144A) (e)

    580,000        576,392   

Kraft Foods Group, Inc.
3.500%, 06/06/22

    412,000        420,341   

WM Wrigley Jr. Co.
2.400%, 10/21/18 (144A)

    248,000        252,365   
   

 

 

 
      1,249,098   
   

 

 

 

Healthcare-Products—0.5%

   

Becton Dickinson & Co.

   

2.675%, 12/15/19

    596,000        602,666   

6.375%, 08/01/19

    1,110,000        1,268,855   

Medtronic, Inc.
4.375%, 03/15/35

    1,010,000        1,021,002   

Zimmer Biomet Holdings, Inc.
3.550%, 04/01/25

    1,222,000        1,196,609   
   

 

 

 
      4,089,132   
   

 

 

 

Healthcare-Services—0.4%

   

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

    600,000        593,752   

Laboratory Corp. of America Holdings
3.200%, 02/01/22

    850,000        846,045   

Roche Holdings, Inc.
6.000%, 03/01/19 (144A)

    577,000        655,948   

UnitedHealth Group, Inc.
3.750%, 07/15/25

    1,303,000        1,346,829   
   

 

 

 
      3,442,574   
   

 

 

 

Household Products/Wares—0.1%

   

Reckitt Benckiser Treasury Services plc
3.625%, 09/21/23 (144A)

    1,070,000        1,108,820   
   

 

 

 

Insurance—0.7%

   

ACE INA Holdings, Inc.
2.700%, 03/13/23

    1,000,000        970,009   

American International Group, Inc.

   

4.125%, 02/15/24

    750,000        787,934   

4.875%, 06/01/22

    1,770,000        1,953,110   

Liberty Mutual Group, Inc.
4.250%, 06/15/23 (144A)

    578,000        597,783   

Insurance—(Continued)

   

Marsh & McLennan Cos., Inc.
4.800%, 07/15/21

    920,000      1,014,747   

ZFS Finance USA Trust V
6.500%, 05/09/37 (144A) (d)

    491,000        498,611   
   

 

 

 
      5,822,194   
   

 

 

 

Internet—0.1%

   

Baidu, Inc.
3.500%, 11/28/22

    1,110,000        1,083,802   
   

 

 

 

Machinery-Construction & Mining—0.1%

   

Atlas Copco AB
5.600%, 05/22/17 (144A)

    910,000        966,174   
   

 

 

 

Media—0.5%

   

21st Century Fox America, Inc.
8.500%, 02/23/25

    722,000        944,754   

CCO Safari II LLC
4.908%, 07/23/25 (144A)

    523,000        520,491   

Comcast Corp.
2.850%, 01/15/23 (a)

    990,000        986,303   

Grupo Televisa S.A.B.
5.000%, 05/13/45

    318,000        287,275   

Time Warner Entertainment Co. L.P.
8.375%, 07/15/33

    1,240,000        1,438,245   
   

 

 

 
      4,177,068   
   

 

 

 

Mining—0.1%

   

Freeport-McMoRan, Inc.
3.875%, 03/15/23

    1,010,000        751,188   
   

 

 

 

Miscellaneous Manufacturing—0.1%

   

General Electric Co.
2.700%, 10/09/22

    800,000        802,019   
   

 

 

 

Multi-National—0.1%

   

Asian Development Bank
1.125%, 03/15/17

    574,000        578,091   
   

 

 

 

Oil & Gas—1.4%

   

Anadarko Petroleum Corp.
6.375%, 09/15/17

    536,000        578,414   

Apache Corp.

   

3.250%, 04/15/22

    421,000        409,876   

4.750%, 04/15/43

    321,000        289,659   

BP Capital Markets plc

   

4.500%, 10/01/20

    306,000        336,403   

4.742%, 03/11/21

    847,000        937,025   

Chevron Corp.
0.491%, 11/15/17 (d)

    1,696,000        1,690,832   

CNOOC Finance, Ltd.
3.875%, 05/02/22 (144A) (a)

    1,010,000        1,019,359   

Petro-Canada
6.050%, 05/15/18

    1,664,000        1,829,010   

Petroleos Mexicanos

   

3.125%, 01/23/19

    352,000        344,520   

8.000%, 05/03/19

    759,000        859,112   

 

MSF-143


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

   

Ras Laffan Liquefied Natural Gas Co., Ltd.
5.832%, 09/30/16 (144A)

    208,744      $ 213,877   

Statoil ASA

   

3.700%, 03/01/24

    922,000        947,537   

7.750%, 06/15/23

    100,000        127,983   

Total Capital International S.A.

   

1.550%, 06/28/17

    1,239,000        1,248,073   

3.750%, 04/10/24 (a)

    910,000        939,574   
   

 

 

 
      11,771,254   
   

 

 

 

Pharmaceuticals—0.6%

   

AbbVie, Inc.

   

1.200%, 11/06/15

    1,850,000        1,850,792   

3.600%, 05/14/25

    584,000        575,980   

Actavis Funding SCS

   

3.800%, 03/15/25

    463,000        447,276   

4.850%, 06/15/44

    537,000        489,436   

Express Scripts Holding Co.
2.650%, 02/15/17

    1,280,000        1,301,073   

Teva Pharmaceutical Finance IV B.V.
3.650%, 11/10/21

    572,000        578,943   
   

 

 

 
      5,243,500   
   

 

 

 

Pipelines—0.7%

   

APT Pipelines, Ltd.
4.200%, 03/23/25 (144A)

    1,228,000        1,165,385   

Energy Transfer Partners L.P.

   

3.600%, 02/01/23

    558,000        502,346   

4.900%, 02/01/24

    450,000        429,039   

Enterprise Products Operating LLC
6.500%, 01/31/19

    908,000        1,018,369   

Kinder Morgan Energy Partners L.P.

   

4.150%, 02/01/24

    691,000        626,680   

7.750%, 03/15/32

    625,000        643,598   

Spectra Energy Capital LLC
8.000%, 10/01/19

    1,253,000        1,464,039   
   

 

 

 
      5,849,456   
   

 

 

 

Real Estate Investment Trusts—0.1%

   

HCP, Inc.
5.375%, 02/01/21

    734,000        812,978   
   

 

 

 

Retail—0.7%

   

CVS Health Corp.
3.875%, 07/20/25

    1,235,000        1,273,048   

Gap, Inc. (The)
5.950%, 04/12/21

    620,000        671,131   

Home Depot, Inc. (The)

   

3.750%, 02/15/24

    600,000        636,704   

5.950%, 04/01/41

    278,000        350,201   

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

    1,830,000        2,113,981   

Walgreens Boots Alliance, Inc.

   

3.300%, 11/18/21

    836,000        847,022   

4.500%, 11/18/34

    426,000        403,834   
   

 

 

 
      6,295,921   
   

 

 

 

Sovereign—0.2%

  

Temasek Financial I, Ltd.
2.375%, 01/23/23 (144A)

    1,790,000      1,767,727   
   

 

 

 

Telecommunications—0.7%

  

AT&T, Inc.

   

3.000%, 06/30/22

    838,000        817,556   

3.400%, 05/15/25

    838,000        799,868   

Crown Castle Towers LLC

   

4.883%, 08/15/20 (144A)

    370,000        399,664   

6.113%, 01/15/20 (144A)

    711,000        801,246   

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

    1,483,000        1,677,982   

Verizon Communications, Inc.
6.400%, 09/15/33

    1,271,000        1,456,052   
   

 

 

 
      5,952,368   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $104,655,385)

      108,096,203   
   

 

 

 
Mortgage-Backed Securities—1.9%   

Collateralized Mortgage Obligations—0.0%

  

BlackRock Capital Finance L.P.
7.750%, 09/25/26 (144A) (e)

    32,581        1,408   
   

 

 

 

Commercial Mortgage-Backed Securities—1.9%

  

Commercial Mortgage Pass-Through Certificates
3.708%, 07/10/48

    1,300,833        1,358,894   

Commercial Mortgage Trust
5.475%, 03/10/39

    3,025,000        3,132,615   

Credit Suisse Commercial Mortgage Trust
5.695%, 09/15/40 (d)

    1,735,738        1,828,808   

CSAIL Commercial Mortgage Trust
3.504%, 06/15/57

    738,578        759,759   

General Electric Capital Assurance Co.
5.743%, 05/12/35 (144A) (d) (e)

    33,618        36,846   

GS Mortgage Securities Corp. II
3.382%, 05/10/50

    1,387,991        1,415,337   

JPMBB Commercial Mortgage Securities Trust
3.494%, 01/15/48

    1,590,000        1,640,464   

JPMorgan Chase Commercial Mortgage Securities Trust

   

5.475%, 04/15/43 (d)

    109,528        110,265   

5.961%, 06/15/49 (d)

    2,207,157        2,289,358   

Morgan Stanley Capital I, Inc.
1.127%, 11/15/30 (144A) (d) (f)

    1,428,070        25,857   

Wachovia Bank Commercial Mortgage Trust

   

5.901%, 06/15/49 (d)

    1,131,867        1,186,415   

6.150%, 02/15/51 (d)

    1,438,196        1,502,674   

Wells Fargo Commercial Mortgage Trust

   

3.540%, 05/15/48

    1,410,327        1,451,108   
   

 

 

 
      16,738,400   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $14,367,548)

      16,739,808   
   

 

 

 

 

MSF-144


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Asset-Backed Securities—0.8%

 

Security Description       
Principal
Amount*
    Value  

Asset-Backed - Automobile—0.1%

  

Ford Credit Auto Owner Trust

   

2.260%, 11/15/25 (144A)

    550,000      $ 558,197   

2.310%, 04/15/26 (144A)

    425,000        431,057   
   

 

 

 
      989,254   
   

 

 

 

Asset-Backed - Home Equity—0.2%

  

Bayview Financial Revolving Asset Trust
1.794%, 12/28/40 (144A) (d) (e)

    829,181        519,096   

GMAC Home Equity Loan Trust
5.805%, 10/25/36 (d)

    299,595        293,067   

Home Equity Loan Trust
5.320%, 12/25/35 (d)

    679,546        554,533   
   

 

 

 
      1,366,696   
   

 

 

 

Asset-Backed - Other—0.5%

  

American Tower Trust I
3.070%, 03/15/48 (144A)

    1,000,000        986,801   

Cent CLO, Ltd.
1.597%, 01/30/25 (144A) (d) (e)

    831,000        823,923   

Dryden XXVI Senior Loan Fund
1.389%, 07/15/25 (144A) (d) (e)

    1,068,000        1,048,026   

Small Business Administration Participation Certificates

   

4.350%, 07/01/23

    282,183        298,981   

4.770%, 04/01/24

    17,540        18,791   

4.950%, 03/01/25

    94,133        102,052   

4.990%, 09/01/24

    52,660        57,216   

5.110%, 08/01/25

    160,966        175,616   

5.180%, 05/01/24

    30,629        33,198   

5.520%, 06/01/24

    75,624        83,169   

Voya CLO, Ltd.
1.445%, 04/25/25 (144A) (d) (e)

    970,000        955,487   
   

 

 

 
      4,583,260   
   

 

 

 

Total Asset-Backed Securities
(Cost $7,323,450)

      6,939,210   
   

 

 

 
Municipals—0.2%   

New Jersey State Turnpike Authority
7.414%, 01/01/40
(Cost $1,092,733)

    1,050,000        1,460,214   
   

 

 

 
Foreign Government—0.1%   

Sovereign—0.1%

  

Iceland Government International Bond
4.875%, 06/16/16 (144A)

    313,000        319,814   

Mexico Government International Bond
4.750%, 03/08/44

    909,000        829,462   

Peruvian Government International Bond
7.350%, 07/21/25

    103,000        128,493   
   

 

 

 

Total Foreign Government
(Cost $1,338,426)

      1,277,769   
   

 

 

 
Convertible Preferred Stocks—0.1%   
Security Description   Shares/
Principal
Amount*
    Value  

Diversified Telecommunication Services—0.0%

  

 

Frontier Communications Corp.

   

11.125%, 06/29/18

    5,416      $ 504,500   
   

 

 

 

Pharmaceuticals—0.1%

   

Allergan plc

   

5.500%, 03/01/18

    813        767,033   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $1,364,968)

      1,271,533   
   

 

 

 
Short-Term Investments—7.1%                

Mutual Fund—5.5%

   

State Street Navigator Securities Lending MET Portfolio (g)

    47,963,059        47,963,059   
   

 

 

 

Repurchase Agreement—1.6%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $14,019,998 on 10/01/15, collateralized by $14,055,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $14,300,963.

    14,019,998        14,019,998   
   

 

 

 

Total Short-Term Investments
(Cost $61,983,057)

      61,983,057   
   

 

 

 

Total Investments—106.0%
(Cost $819,452,014) (h)

      919,701,657   

Other assets and liabilities (net)—(6.0)%

      (52,409,623
   

 

 

 
Net Assets—100.0%     $ 867,292,034   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $58,506,514 and the collateral received consisted of cash in the amount of $47,963,059 and non-cash collateral with a value of $11,963,820. 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) 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, 2015. 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

 

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Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

  acceptable price may be difficult. As of September 30, 2015, the market value of restricted securities was $5,584,625, which is 0.6% 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 on loan as of September 30, 2015.
(h) As of September 30, 2015, the aggregate cost of investments was $819,452,014. The aggregate unrealized appreciation and depreciation of investments were $125,083,504 and $(24,833,861), respectively, resulting in net unrealized appreciation of $100,249,643.
(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, 2015, the market value of 144A securities was $26,602,662, which is 3.1% 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.
(CLO)— Collateralized Loan Obligation
(CMO)— Collateralized Mortgage Obligation

Restricted Securities

   Acquisition
Date
     Principal
Amount
     Cost      Value  

Bayview Financial Revolving Asset Trust

     03/01/06       $ 829,181       $ 829,181       $ 519,096   

BlackRock Capital Finance L.P.

     05/01/06         32,581         31,397         1,408   

Cent CLO, Ltd.

     09/26/14         831,000         825,806         823,923   

Dryden XXVI Senior Loan Fund

     09/26/14         1,068,000         1,052,301         1,048,026   

General Electric Capital Assurance Co.

     09/23/03         33,618         33,785         36,846   

Imperial Tobacco Finance plc

     07/21/15         828,000         819,359         832,920   

J.M. Smucker Co. (The)

     03/12/15         580,000         579,862         576,392   

State Grid Overseas Investment, Ltd.

     05/07/14         778,000         772,725         790,527   

Voya CLO, Ltd.

     09/26/14         970,000         958,360         955,487   
           

 

 

 
            $ 5,584,625   
           

 

 

 

 

MSF-146


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 25,399,236       $ —         $ —         $ 25,399,236   

Air Freight & Logistics

     3,860,753         —           —           3,860,753   

Auto Components

     8,902,179         —           —           8,902,179   

Automobiles

     746,958         3,497,038         —           4,243,996   

Banks

     49,031,481         4,043,955         —           53,075,436   

Beverages

     1,068,115         3,628,877         —           4,696,992   

Building Products

     577,687         —           —           577,687   

Capital Markets

     23,024,102         —           —           23,024,102   

Chemicals

     14,894,952         —           —           14,894,952   

Commercial Services & Supplies

     2,819,875         —           —           2,819,875   

Communications Equipment

     4,852,680         —           —           4,852,680   

Consumer Finance

     5,641,840         —           —           5,641,840   

Containers & Packaging

     843,859         —           —           843,859   

Distributors

     1,081,395         —           —           1,081,395   

Diversified Financial Services

     1,867,544         —           —           1,867,544   

Diversified Telecommunication Services

     11,940,450         1,621,272         —           13,561,722   

Electric Utilities

     12,532,666         —           —           12,532,666   

Electrical Equipment

     2,369,804         —           —           2,369,804   

Energy Equipment & Services

     3,500,479         —           —           3,500,479   

Food & Staples Retailing

     11,297,914         —           —           11,297,914   

Food Products

     11,188,504         7,871,988         —           19,060,492   

Health Care Equipment & Supplies

     15,172,816         —           —           15,172,816   

Health Care Providers & Services

     5,556,307         —           —           5,556,307   

Hotels, Restaurants & Leisure

     6,263,655         —           —           6,263,655   

Household Durables

     390,548         —           —           390,548   

Household Products

     2,060,671         1,108,315         —           3,168,986   

Independent Power and Renewable Electricity Producers

     555,405         —           —           555,405   

Industrial Conglomerates

     14,620,682         1,322,191         —           15,942,873   

Insurance

     28,803,228         3,526,705         —           32,329,933   

Internet & Catalog Retail

     2,703,291         —           —           2,703,291   

Internet Software & Services

     1,207,158         —           —           1,207,158   

IT Services

     19,157,941         —           —           19,157,941   

Leisure Products

     1,360,344         —           —           1,360,344   

Life Sciences Tools & Services

     5,121,453         —           —           5,121,453   

Machinery

     9,781,103         —           —           9,781,103   

Media

     24,192,299         —           —           24,192,299   

Metals & Mining

     —           1,218,322         —           1,218,322   

Multi-Utilities

     1,636,144         1,278,031         —           2,914,175   

 

MSF-147


Table of Contents

Metropolitan Series Fund

MFS Total Return Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Multiline Retail

   $ 12,643,714       $ —        $ —         $ 12,643,714   

Oil, Gas & Consumable Fuels

     26,375,706         1,850,480        —           28,226,186   

Pharmaceuticals

     41,202,957         2,206,514        —           43,409,471   

Professional Services

     351,792         —          —           351,792   

Real Estate Investment Trusts

     3,979,004         —          —           3,979,004   

Road & Rail

     2,876,825         —          —           2,876,825   

Semiconductors & Semiconductor Equipment

     13,916,450         —          —           13,916,450   

Software

     10,547,545         —          —           10,547,545   

Specialty Retail

     4,572,400         —          —           4,572,400   

Technology Hardware, Storage & Peripherals

     8,088,168         —          —           8,088,168   

Tobacco

     19,713,547         2,606,310        —           22,319,857   

Wireless Telecommunication Services

     —           745,583        —           745,583   

Total Common Stocks

     480,293,626         36,525,581        —           516,819,207   

Total U.S. Treasury & Government Agencies*

     —           205,114,656        —           205,114,656   

Total Corporate Bonds & Notes*

     —           108,096,203        —           108,096,203   

Total Mortgage-Backed Securities*

     —           16,739,808        —           16,739,808   

Total Asset-Backed Securities*

     —           6,939,210        —           6,939,210   

Total Municipals

     —           1,460,214        —           1,460,214   

Total Foreign Government*

     —           1,277,769        —           1,277,769   

Total Convertible Preferred Stocks*

     1,271,533         —          —           1,271,533   
Short-Term Investments           

Mutual Fund

     47,963,059         —          —           47,963,059   

Repurchase Agreement

     —           14,019,998        —           14,019,998   

Total Short-Term Investments

     47,963,059         14,019,998        —           61,983,057   

Total Investments

   $ 529,528,218       $ 390,173,439      $ —         $ 919,701,657   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (47,963,059   $ —         $ (47,963,059

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $30,879 were due to the application of a systematic fair valuation model factor.

 

MSF-148


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—99.0% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—6.8%

  

Honeywell International, Inc.

    597,423      $ 56,569,984   

Lockheed Martin Corp.

    291,867        60,506,948   

Northrop Grumman Corp.

    172,688        28,657,574   

United Technologies Corp.

    623,049        55,445,130   
   

 

 

 
      201,179,636   
   

 

 

 

Air Freight & Logistics—1.4%

  

United Parcel Service, Inc. - Class B

    432,943        42,727,145   
   

 

 

 

Auto Components—1.7%

  

Delphi Automotive plc

    312,767        23,782,803   

Johnson Controls, Inc.

    633,313        26,193,825   
   

 

 

 
      49,976,628   
   

 

 

 

Banks—11.3%

  

Citigroup, Inc.

    270,071        13,398,222   

JPMorgan Chase & Co.

    2,233,230        136,160,033   

PNC Financial Services Group, Inc. (The)

    327,990        29,256,708   

U.S. Bancorp

    1,377,506        56,491,521   

Wells Fargo & Co.

    1,926,330        98,917,046   
   

 

 

 
      334,223,530   
   

 

 

 

Beverages—1.4%

  

Diageo plc

    1,482,041        39,882,428   
   

 

 

 

Capital Markets—5.9%

  

Bank of New York Mellon Corp. (The)

    973,715        38,120,942   

BlackRock, Inc.

    87,581        26,052,720   

Franklin Resources, Inc.

    779,766        29,054,081   

Goldman Sachs Group, Inc. (The)

    318,914        55,414,497   

State Street Corp.

    390,426        26,240,532   
   

 

 

 
      174,882,772   
   

 

 

 

Chemicals—2.5%

   

E.I. du Pont de Nemours & Co.

    150,249        7,242,002   

Monsanto Co.

    126,013        10,753,949   

PPG Industries, Inc.

    629,174        55,172,268   
   

 

 

 
      73,168,219   
   

 

 

 

Commercial Services & Supplies—1.2%

  

Tyco International plc

    1,023,183        34,235,703   
   

 

 

 

Consumer Finance—1.1%

  

American Express Co.

    438,126        32,478,280   
   

 

 

 

Containers & Packaging—0.5%

  

Crown Holdings, Inc. (a)

    310,859        14,221,799   
   

 

 

 

Diversified Financial Services—1.1%

  

McGraw Hill Financial, Inc.

    61,805        5,346,132   

Nasdaq, Inc.

    495,821        26,442,134   
   

 

 

 
      31,788,266   
   

 

 

 

Diversified Telecommunication Services—1.9%

  

AT&T, Inc.

    182,628      $ 5,950,020   

Verizon Communications, Inc.

    1,129,839        49,159,295   
   

 

 

 
      55,109,315   
   

 

 

 

Electric Utilities—0.8%

   

Duke Energy Corp.

    326,213        23,467,763   
   

 

 

 

Electrical Equipment—0.8%

  

Eaton Corp. plc

    451,976        23,186,369   
   

 

 

 

Energy Equipment & Services—1.3%

  

Baker Hughes, Inc.

    47,704        2,482,516   

National Oilwell Varco, Inc. (b)

    395,152        14,877,473   

Schlumberger, Ltd.

    320,328        22,093,022   
   

 

 

 
      39,453,011   
   

 

 

 

Food & Staples Retailing—1.8%

  

CVS Health Corp.

    551,718        53,229,753   
   

 

 

 

Food Products—4.4%

   

Archer-Daniels-Midland Co.

    204,914        8,493,685   

Danone S.A.

    346,805        21,933,327   

General Mills, Inc. (b)

    821,880        46,132,124   

Kellogg Co.

    27,506        1,830,524   

Nestle S.A.

    680,456        51,242,761   
   

 

 

 
      129,632,421   
   

 

 

 

Health Care Equipment & Supplies—3.6%

  

Abbott Laboratories

    786,687        31,640,551   

Medtronic plc

    821,189        54,970,391   

St. Jude Medical, Inc.

    332,930        21,004,554   
   

 

 

 
      107,615,496   
   

 

 

 

Health Care Providers & Services—1.1%

  

Express Scripts Holding Co. (a) (b)

    395,552        32,023,890   
   

 

 

 

Hotels, Restaurants & Leisure—0.5%

  

McDonald’s Corp.

    159,181        15,684,104   
   

 

 

 

Household Durables—0.2%

  

Newell Rubbermaid, Inc.

    165,787        6,583,402   
   

 

 

 

Household Products—0.5%

  

Procter & Gamble Co. (The)

    186,119        13,389,401   
   

 

 

 

Industrial Conglomerates—3.3%

  

3M Co.

    401,116        56,866,215   

Danaher Corp.

    483,340        41,185,402   
   

 

 

 
      98,051,617   
   

 

 

 

Insurance—7.8%

   

ACE, Ltd. (b)

    314,368        32,505,651   

Aon plc

    393,005        34,824,173   

Chubb Corp. (The)

    390,194        47,857,294   

Prudential Financial, Inc.

    555,396        42,326,729   

 

MSF-149


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

Insurance—(Continued)

   

Travelers Cos., Inc. (The)

    724,778      $ 72,137,155   
   

 

 

 
      229,651,002   
   

 

 

 

IT Services—5.7%

  

Accenture plc - Class A

    858,081        84,315,039   

Fidelity National Information Services, Inc.

    310,182        20,807,008   

Fiserv, Inc. (a)

    269,737        23,361,922   

International Business Machines Corp.

    270,934        39,277,302   
   

 

 

 
      167,761,271   
   

 

 

 

Leisure Products—0.3%

  

Hasbro, Inc. (b)

    121,934        8,796,319   
   

 

 

 

Life Sciences Tools & Services—1.1%

  

Thermo Fisher Scientific, Inc.

    271,454        33,193,395   
   

 

 

 

Machinery—2.3%

  

Caterpillar, Inc.

    91,095        5,953,969   

Deere & Co. (b)

    104,871        7,760,454   

Illinois Tool Works, Inc.

    234,018        19,262,021   

Parker-Hannifin Corp.

    72,692        7,072,932   

Pentair plc

    248,576        12,687,319   

Stanley Black & Decker, Inc.

    153,117        14,849,287   
   

 

 

 
      67,585,982   
   

 

 

 

Media—4.3%

  

Comcast Corp. - Special Class A (b)

    646,409        37,000,451   

Omnicom Group, Inc. (b)

    520,485        34,299,962   

Time Warner, Inc.

    368,821        25,356,444   

Time, Inc.

    34,527        657,739   

Viacom, Inc. - Class B

    289,374        12,486,488   

Walt Disney Co. (The) (b)

    179,824        18,378,013   
   

 

 

 
      128,179,097   
   

 

 

 

Multiline Retail—1.3%

  

Kohl’s Corp. (b)

    83,820        3,881,704   

Target Corp.

    444,949        34,999,689   
   

 

 

 
      38,881,393   
   

 

 

 

Oil, Gas & Consumable Fuels—4.1%

  

Chevron Corp.

    414,599        32,703,569   

EOG Resources, Inc.

    162,839        11,854,679   

Exxon Mobil Corp.

    657,697        48,899,772   

Occidental Petroleum Corp.

    427,961        28,309,620   
   

 

 

 
      121,767,640   
   

 

 

 

Pharmaceuticals—8.0%

  

Johnson & Johnson

    1,073,584        100,219,066   

Merck & Co., Inc.

    839,666        41,471,104   

Novartis AG

    108,570        10,000,898   

Pfizer, Inc.

    2,478,802        77,859,171   

Roche Holding AG

    31,146        8,233,570   
   

 

 

 
      237,783,809   
   

 

 

 

Professional Services—0.2%

  

Equifax, Inc.

    60,994      5,927,397   
   

 

 

 

Road & Rail—1.0%

   

Canadian National Railway Co.

    279,066        15,839,786   

Union Pacific Corp.

    146,592        12,960,199   
   

 

 

 
      28,799,985   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.6%

  

Analog Devices, Inc.

    114,751        6,473,104   

NVIDIA Corp. (b)

    155,837        3,841,382   

Texas Instruments, Inc.

    740,164        36,652,921   
   

 

 

 
      46,967,407   
   

 

 

 

Software—0.9%

   

Oracle Corp.

    727,380        26,272,966   
   

 

 

 

Specialty Retail—0.6%

   

Advance Auto Parts, Inc.

    64,226        12,172,754   

Bed Bath & Beyond, Inc. (a) (b)

    112,557        6,418,000   
   

 

 

 
      18,590,754   
   

 

 

 

Tobacco—4.3%

   

Altria Group, Inc.

    358,304        19,491,738   

Imperial Tobacco Group plc

    110,799        5,734,755   

Philip Morris International, Inc.

    1,212,019        96,149,467   

Reynolds American, Inc.

    133,502        5,910,133   
   

 

 

 
      127,286,093   
   

 

 

 

Wireless Telecommunication Services—0.4%

  

Vodafone Group plc

    3,998,910        12,644,706   
   

 

 

 

Total Common Stocks
(Cost $2,368,702,443)

      2,926,280,164   
   

 

 

 
Short-Term Investments—2.4%   

Mutual Fund—1.6%

   

State Street Navigator Securities Lending MET Portfolio (c)

    45,799,514        45,799,514   
   

 

 

 

Repurchase Agreement—0.8%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $25,100,369 on 10/01/15, collateralized by $25,165,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $25,605,388.

    25,100,369        25,100,369   
   

 

 

 

Total Short-Term Investments
(Cost $70,899,883)

      70,899,883   
   

 

 

 

Total Investments—101.4%
(Cost $2,439,602,326) (d)

      2,997,180,047   

Other assets and liabilities (net)—(1.4)%

      (41,819,225
   

 

 

 
Net Assets—100.0%     $ 2,955,360,822   
   

 

 

 

 

MSF-150


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015, the market value of securities loaned was $82,306,142 and the collateral received consisted of cash in the amount of $45,799,514 and non-cash collateral with a value of $37,626,838. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $2,439,602,326. The aggregate unrealized appreciation and depreciation of investments were $647,510,151 and $(89,932,430), respectively, resulting in net unrealized appreciation of $557,577,721.

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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Common Stocks            

Aerospace & Defense

   $ 201,179,636       $ —         $ —         $ 201,179,636   

Air Freight & Logistics

     42,727,145         —           —           42,727,145   

Auto Components

     49,976,628         —           —           49,976,628   

Banks

     334,223,530         —           —           334,223,530   

Beverages

     —           39,882,428         —           39,882,428   

Capital Markets

     174,882,772         —           —           174,882,772   

Chemicals

     73,168,219         —           —           73,168,219   

Commercial Services & Supplies

     34,235,703         —           —           34,235,703   

Consumer Finance

     32,478,280         —           —           32,478,280   

Containers & Packaging

     14,221,799         —           —           14,221,799   

Diversified Financial Services

     31,788,266         —           —           31,788,266   

Diversified Telecommunication Services

     55,109,315         —           —           55,109,315   

Electric Utilities

     23,467,763         —           —           23,467,763   

Electrical Equipment

     23,186,369         —           —           23,186,369   

Energy Equipment & Services

     39,453,011         —           —           39,453,011   

Food & Staples Retailing

     53,229,753         —           —           53,229,753   

Food Products

     56,456,333         73,176,088         —           129,632,421   

Health Care Equipment & Supplies

     107,615,496         —           —           107,615,496   

Health Care Providers & Services

     32,023,890         —           —           32,023,890   

Hotels, Restaurants & Leisure

     15,684,104         —           —           15,684,104   

Household Durables

     6,583,402         —           —           6,583,402   

Household Products

     13,389,401         —           —           13,389,401   

Industrial Conglomerates

     98,051,617         —           —           98,051,617   

Insurance

     229,651,002         —           —           229,651,002   

IT Services

     167,761,271         —           —           167,761,271   

 

MSF-151


Table of Contents

Metropolitan Series Fund

MFS Value Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  

Leisure Products

   $ 8,796,319       $ —        $ —         $ 8,796,319   

Life Sciences Tools & Services

     33,193,395         —          —           33,193,395   

Machinery

     67,585,982         —          —           67,585,982   

Media

     128,179,097         —          —           128,179,097   

Multiline Retail

     38,881,393         —          —           38,881,393   

Oil, Gas & Consumable Fuels

     121,767,640         —          —           121,767,640   

Pharmaceuticals

     219,549,341         18,234,468        —           237,783,809   

Professional Services

     5,927,397         —          —           5,927,397   

Road & Rail

     28,799,985         —          —           28,799,985   

Semiconductors & Semiconductor Equipment

     46,967,407         —          —           46,967,407   

Software

     26,272,966         —          —           26,272,966   

Specialty Retail

     18,590,754         —          —           18,590,754   

Tobacco

     121,551,338         5,734,755        —           127,286,093   

Wireless Telecommunication Services

     —           12,644,706        —           12,644,706   

Total Common Stocks

     2,776,607,719         149,672,445        —           2,926,280,164   
Short-Term Investments           

Mutual Fund

     45,799,514         —          —           45,799,514   

Repurchase Agreement

     —           25,100,369        —           25,100,369   

Total Short-Term Investments

     45,799,514         25,100,369        —           70,899,883   

Total Investments

   $ 2,822,407,233       $ 174,772,814      $ —         $ 2,997,180,047   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (45,799,514   $ —         $ (45,799,514

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,
2014
    Realized
Gain
    Change in
Unrealized
Depreciation
    Sales     Balance as of
September 30,
2015
    Change in Unrealized
Appreciation/(Depreciation)
from Investments Still Held at
September 30, 2015
 
Common Stocks            

Real Estate Management & Development

  $ 6,471,443      $ 3,630,742      $ (2,798,267   $ (7,303,918   $      $   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

MSF-152


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—94.9% of Net Assets

 

Security Description   Shares     Value  

Australia—6.1%

  

AGL Energy, Ltd.

    49,491      $ 556,633   

Alumina, Ltd.

    191,453        151,791   

Amcor, Ltd.

    95,202        884,870   

AMP, Ltd.

    234,994        920,981   

APA Group

    78,818        474,688   

Aristocrat Leisure, Ltd.

    41,217        251,347   

Asciano, Ltd.

    86,457        510,694   

ASX, Ltd.

    16,055        428,446   

Aurizon Holdings, Ltd.

    157,842        558,636   

Australia & New Zealand Banking Group, Ltd.

    210,096        4,026,801   

Bank of Queensland, Ltd.

    24,917        203,840   

Bendigo and Adelaide Bank, Ltd.

    35,779        249,887   

BHP Billiton, Ltd.

    245,062        3,866,974   

Boral, Ltd.

    61,162        226,778   

Brambles, Ltd.

    129,540        888,590   

Caltex Australia, Ltd.

    19,432        430,233   

CIMIC Group, Ltd.

    8,428        139,443   

Coca-Cola Amatil, Ltd.

    42,510        269,491   

Cochlear, Ltd.

    5,478        321,631   

Commonwealth Bank of Australia

    129,440        6,663,439   

Computershare, Ltd.

    41,806        311,889   

Crown Resorts, Ltd.

    29,464        205,408   

CSL, Ltd.

    35,655        2,247,775   

Dexus Property Group (REIT)

    89,812        451,795   

Federation Centres, Ltd. (REIT)

    252,185        487,402   

Fortescue Metals Group, Ltd. (a)

    100,245        128,884   

Goodman Group (REIT)

    139,425        574,481   

GPT Group (The) (REIT)

    161,365        513,401   

Healthscope, Ltd.

    84,711        151,984   

Iluka Resources, Ltd.

    29,031        127,056   

Incitec Pivot, Ltd.

    152,808        419,748   

Insurance Australia Group, Ltd. (a)

    184,566        631,672   

Lend Lease Group

    37,629        332,698   

Macquarie Group, Ltd.

    22,297        1,212,780   

Medibank Private, Ltd.

    199,900        340,162   

Mirvac Group (REIT)

    298,553        361,648   

National Australia Bank, Ltd.

    199,510        4,235,835   

Newcrest Mining, Ltd. (b)

    54,807        496,294   

Orica, Ltd. (a)

    26,176        277,406   

Origin Energy, Ltd.

    78,717        375,104   

QBE Insurance Group, Ltd.

    108,452        985,095   

Ramsay Health Care, Ltd.

    10,616        437,218   

Rio Tinto, Ltd.

    31,918        1,097,352   

Santos, Ltd. (a)

    67,710        190,245   

Scentre Group (REIT)

    398,014        1,093,011   

Seek, Ltd. (a)

    22,233        188,740   

Sonic Healthcare, Ltd.

    32,696        419,958   

South32, Ltd. (a) (b)

    393,402        380,365   

Stockland (REIT)

    205,214        556,113   

Suncorp Group, Ltd.

    107,248        924,536   

Sydney Airport

    80,467        337,559   

Tabcorp Holdings, Ltd.

    54,472        179,209   

Tatts Group, Ltd.

    123,533        327,215   

Telstra Corp., Ltd.

    317,665        1,254,684   

TPG Telecom, Ltd.

    21,838        167,012   

Transurban Group

    141,082        987,162   

Treasury Wine Estates, Ltd.

    46,412        214,636   

Australia—(Continued)

  

Wesfarmers, Ltd.

    85,915      2,377,308   

Westfield Corp. (REIT)

    162,145        1,138,069   

Westpac Banking Corp.

    237,931        5,004,201   

Woodside Petroleum, Ltd.

    60,229        1,232,081   

Woolworths, Ltd. (a)

    97,026        1,697,491   
   

 

 

 
      57,097,875   
   

 

 

 

Austria—0.2%

  

Andritz AG

    5,184        233,661   

Erste Group Bank AG (b)

    22,499        653,405   

OMV AG

    13,980        339,488   

Voestalpine AG

    9,525        327,394   
   

 

 

 
      1,553,948   
   

 

 

 

Belgium—1.3%

  

Ageas

    15,573        638,599   

Anheuser-Busch InBev S.A.

    61,177        6,491,171   

Colruyt S.A.

    5,430        261,101   

Delhaize Group S.A.

    8,450        748,322   

Groupe Bruxelles Lambert S.A.

    5,864        442,461   

KBC Groep NV

    19,071        1,201,369   

Proximus

    10,680        367,689   

Solvay S.A.

    4,588        468,453   

Telenet Group Holding NV (b)

    4,184        239,663   

UCB S.A.

    9,619        752,080   

Umicore S.A.

    8,519        327,939   
   

 

 

 
      11,938,847   
   

 

 

 

Denmark—1.7%

  

AP Moeller - Maersk A/S - Class A

    274        412,588   

AP Moeller - Maersk A/S - Class B

    566        872,498   

Carlsberg A/S - Class B

    7,997        614,889   

Coloplast A/S - Class B

    8,608        610,151   

Danske Bank A/S

    56,186        1,697,950   

DSV A/S

    13,261        495,860   

ISS A/S

    10,958        364,173   

Novo Nordisk A/S - Class B

    149,072        8,016,610   

Novozymes A/S - B Shares

    17,609        768,307   

Pandora A/S

    8,100        946,837   

TDC A/S

    59,338        305,930   

Tryg A/S

    8,735        169,851   

Vestas Wind Systems A/S

    17,047        887,645   

William Demant Holding A/S (b)

    1,881        156,464   
   

 

 

 
      16,319,753   
   

 

 

 

Finland—0.8%

   

Elisa Oyj (a)

    13,058        441,563   

Fortum Oyj

    31,487        466,196   

Kone Oyj - Class B (a)

    24,546        934,306   

Metso Oyj (a)

    7,511        156,269   

Neste Oyj

    9,073        208,867   

Nokia Oyj

    280,943        1,922,768   

Nokian Renkaat Oyj (a)

    7,322        237,113   

Orion Oyj - Class B

    9,644        364,687   

Sampo Oyj - A Shares

    33,940        1,644,338   

 

MSF-153


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Finland—(Continued)

   

Stora Enso Oyj - R Shares

    40,497      $ 306,462   

UPM-Kymmene Oyj

    38,111        571,997   

Wartsila Oyj Abp

    12,999        516,073   
   

 

 

 
      7,770,639   
   

 

 

 

France—9.2%

  

Accor S.A.

    15,368        718,677   

Aeroports de Paris

    2,209        250,437   

Air Liquide S.A.

    26,179        3,098,981   

Alcatel-Lucent (b)

    228,275        839,558   

Alstom S.A. (a) (b)

    17,917        553,308   

Arkema S.A.

    5,073        328,858   

Atos SE

    6,339        486,329   

AXA S.A.

    149,361        3,622,328   

BNP Paribas S.A.

    80,599        4,741,246   

Bollore S.A.

    61,600        300,030   

Bouygues S.A.

    14,921        530,467   

Bureau Veritas S.A.

    19,643        413,986   

Cap Gemini S.A.

    11,486        1,022,417   

Carrefour S.A.

    41,615        1,232,013   

Casino Guichard Perrachon S.A.

    4,364        232,165   

Christian Dior SE

    3,972        742,862   

Cie de St-Gobain

    35,273        1,530,670   

Cie Generale des Etablissements Michelin

    14,364        1,309,393   

CNP Assurances

    10,520        145,956   

Credit Agricole S.A.

    81,041        928,907   

Danone S.A.

    44,106        2,786,568   

Dassault Systemes S.A.

    10,162        749,515   

Edenred

    13,868        226,608   

Electricite de France S.A.

    17,389        306,835   

Engie

    112,473        1,819,444   

Essilor International S.A.

    15,773        1,924,653   

Eurazeo S.A.

    2,361        156,943   

Eutelsat Communications S.A.

    14,990        459,528   

Fonciere Des Regions (REIT)

    3,163        275,190   

Gecina S.A. (REIT)

    2,574        313,333   

Groupe Eurotunnel SE

    32,808        446,393   

Hermes International

    1,907        693,574   

ICADE (REIT)

    3,450        233,876   

Iliad S.A.

    1,838        371,736   

Imerys S.A.

    2,253        144,672   

Ingenico Group

    4,093        493,889   

JCDecaux S.A.

    4,706        170,412   

Kering

    5,893        963,554   

Klepierre (REIT)

    14,446        654,600   

L’Oreal S.A.

    19,158        3,327,897   

Lagardere SCA

    8,303        229,919   

Legrand S.A.

    20,811        1,105,299   

LVMH Moet Hennessy Louis Vuitton SE

    21,262        3,624,457   

Natixis S.A.

    80,165        442,472   

Numericable-SFR SAS (b)

    6,900        319,255   

Orange S.A.

    155,856        2,354,601   

Pernod-Ricard S.A.

    16,170        1,631,098   

Peugeot S.A. (a) (b)

    32,001        482,952   

Publicis Groupe S.A.

    15,420        1,052,413   

Renault S.A.

    14,233        1,021,394   

France—(Continued)

  

Rexel S.A.

    20,012      $ 245,836   

Safran S.A.

    23,218        1,750,063   

Sanofi

    89,559        8,523,115   

Schneider Electric SE

    42,274        2,368,240   

SCOR SE

    11,686        419,300   

SES S.A.

    24,380        768,521   

Societe BIC S.A.

    2,149        333,714   

Societe Generale S.A.

    55,438        2,477,303   

Sodexo S.A.

    6,625        548,945   

Suez Environnement Co.

    22,682        407,555   

Technip S.A.

    9,664        456,118   

Thales S.A.

    7,807        543,343   

Total S.A.

    164,074        7,389,676   

Unibail-Rodamco SE (REIT)

    7,498        1,942,408   

Valeo S.A.

    5,873        794,507   

Veolia Environnement S.A.

    33,271        761,665   

Vinci S.A.

    35,881        2,279,232   

Vivendi S.A.

    88,184        2,085,603   

Wendel S.A.

    2,267        265,116   

Zodiac Aerospace

    14,929        341,370   
   

 

 

 
      86,513,298   
   

 

 

 

Germany—8.0%

  

Adidas AG

    15,290        1,229,438   

Allianz SE

    34,768        5,443,766   

Axel Springer SE

    3,006        167,420   

BASF SE

    69,877        5,326,435   

Bayer AG

    62,913        8,032,525   

Bayerische Motoren Werke (BMW) AG

    25,190        2,226,580   

Beiersdorf AG

    8,420        744,259   

Brenntag AG

    12,657        680,445   

Commerzbank AG (b)

    87,047        915,324   

Continental AG

    8,442        1,791,401   

Daimler AG

    73,253        5,304,573   

Deutsche Bank AG

    104,934        2,818,109   

Deutsche Boerse AG

    14,683        1,262,681   

Deutsche Lufthansa AG (b)

    17,782        246,579   

Deutsche Post AG

    73,717        2,038,134   

Deutsche Telekom AG

    241,544        4,283,486   

Deutsche Wohnen AG

    23,542        628,510   

E.ON SE

    145,720        1,248,830   

Evonik Industries AG

    10,400        347,253   

Fraport AG Frankfurt Airport Services Worldwide

    2,305        142,003   

Fresenius Medical Care AG & Co. KGaA

    17,215        1,340,989   

Fresenius SE & Co. KGaA

    28,913        1,937,232   

GEA Group AG

    12,718        482,856   

Hannover Rueck SE

    5,287        539,977   

HeidelbergCement AG

    10,797        738,550   

Henkel AG & Co. KGaA

    8,633        761,478   

Hugo Boss AG

    4,934        552,739   

Infineon Technologies AG

    85,888        964,224   

K&S AG

    14,121        471,486   

Kabel Deutschland Holding AG (b)

    1,650        214,494   

LANXESS AG

    7,402        345,465   

Linde AG

    14,130        2,286,486   

 

MSF-154


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Germany—(Continued)

  

MAN SE

    3,022      $ 307,037   

Merck KGaA

    9,291        821,692   

Metro AG

    15,747        433,961   

Muenchener Rueckversicherungs-Gesellschaft AG

    12,534        2,332,624   

OSRAM Licht AG

    5,714        294,925   

ProSiebenSat.1 Media SE

    16,646        814,312   

RTL Group S.A.

    2,700        232,182   

RWE AG

    34,949        395,583   

SAP SE

    74,771        4,832,435   

Siemens AG

    60,323        5,383,905   

Symrise AG

    8,990        539,464   

Telefonica Deutschland Holding AG

    38,600        235,336   

ThyssenKrupp AG

    31,754        555,465   

TUI AG

    37,093        686,165   

United Internet AG

    8,781        443,746   

Volkswagen AG (a)

    2,495        292,740   

Vonovia SE

    36,786        1,181,204   
   

 

 

 
      75,296,503   
   

 

 

 

Hong Kong—2.9%

  

AIA Group, Ltd.

    919,400        4,786,896   

Bank of East Asia, Ltd. (The) (a)

    103,920        350,593   

BOC Hong Kong Holdings, Ltd.

    290,465        857,346   

Cathay Pacific Airways, Ltd. (a)

    87,000        163,682   

Cheung Kong Infrastructure Holdings, Ltd. (a)

    57,000        511,650   

Cheung Kong Property Holdings, Ltd.

    214,440        1,571,598   

CK Hutchison Holdings, Ltd.

    206,940        2,705,699   

CLP Holdings, Ltd.

    147,377        1,257,808   

Galaxy Entertainment Group, Ltd.

    181,000        464,829   

Hang Lung Properties, Ltd.

    161,000        362,304   

Hang Seng Bank, Ltd.

    60,800        1,098,212   

Henderson Land Development Co., Ltd.

    89,176        534,882   

HKT Trust & HKT, Ltd.

    189,980        225,886   

Hong Kong & China Gas Co., Ltd. (a)

    520,379        976,922   

Hong Kong Exchanges and Clearing, Ltd.

    85,000        1,954,726   

Hysan Development Co., Ltd.

    45,000        188,197   

Kerry Properties, Ltd.

    46,500        127,805   

Li & Fung, Ltd. (a)

    429,600        330,614   

Link REIT (REIT)

    181,141        996,133   

MTR Corp., Ltd.

    110,500        480,953   

New World Development Co., Ltd.

    476,707        463,264   

NWS Holdings, Ltd.

    93,000        122,211   

PCCW, Ltd.

    281,000        145,364   

Power Assets Holdings, Ltd.

    107,049        1,015,882   

Sands China, Ltd.

    190,000        576,644   

Sino Land Co., Ltd.

    285,600        438,098   

Sun Hung Kai Properties, Ltd.

    132,250        1,723,757   

Swire Pacific, Ltd. - Class A

    43,317        486,868   

Swire Properties, Ltd.

    83,600        233,707   

Techtronic Industries Co., Ltd.

    129,500        481,481   

WH Group, Ltd. (b)

    437,000        217,126   

Wharf Holdings, Ltd. (The)

    104,976        594,518   

Wheelock & Co., Ltd.

    68,000        296,305   

Wynn Macau, Ltd. (a)

    104,000        119,257   

Yue Yuen Industrial Holdings, Ltd.

    50,500        188,806   
   

 

 

 
      27,050,023   
   

 

 

 

Ireland—0.9%

  

Bank of Ireland (b)

    2,013,826      783,171   

CRH plc

    62,493        1,651,460   

Experian plc

    79,864        1,283,439   

James Hardie Industries plc

    40,250        486,035   

Kerry Group plc - Class A

    13,003        976,780   

Shire plc

    45,024        3,077,132   
   

 

 

 
      8,258,017   
   

 

 

 

Israel—0.6%

  

Bank Hapoalim B.M.

    111,118        559,078   

Bank Leumi Le-Israel B.M. (b)

    120,713        450,659   

Bezeq The Israeli Telecommunication Corp., Ltd.

    178,026        340,374   

Israel Chemicals, Ltd.

    45,583        234,896   

NICE Systems, Ltd.

    5,213        291,985   

Teva Pharmaceutical Industries, Ltd.

    66,400        3,752,572   
   

 

 

 
      5,629,564   
   

 

 

 

Italy—2.2%

  

Assicurazioni Generali S.p.A.

    86,150        1,578,495   

Atlantia S.p.A.

    31,412        878,579   

Banca Monte dei Paschi di Siena
S.p.A. (b)

    167,772        299,451   

Banco Popolare SC (b)

    32,125        474,715   

Enel Green Power S.p.A. (a)

    152,537        288,680   

Enel S.p.A.

    536,549        2,396,658   

Eni S.p.A.

    193,540        3,042,092   

Exor S.p.A.

    6,830        298,110   

Finmeccanica S.p.A. (b)

    28,782        360,882   

Intesa Sanpaolo S.p.A.

    964,445        3,402,431   

Intesa Sanpaolo S.p.A. - Risparmio Shares

    65,400        210,471   

Luxottica Group S.p.A.

    13,581        943,101   

Mediobanca S.p.A.

    44,816        440,429   

Pirelli & C S.p.A.

    17,048        285,001   

Prysmian S.p.A.

    13,126        271,251   

Saipem S.p.A. (a) (b)

    18,391        147,522   

Snam S.p.A.

    154,632        794,950   

Telecom Italia S.p.A. (a) (b)

    780,821        959,040   

Telecom Italia S.p.A. - Risparmio Shares

    501,246        513,871   

Terna Rete Elettrica Nazionale S.p.A.

    118,746        577,501   

UniCredit S.p.A.

    360,470        2,244,236   

Unione di Banche Italiane SCPA (a)

    67,193        476,261   

UnipolSai S.p.A.

    64,500        140,532   
   

 

 

 
      21,024,259   
   

 

 

 

Japan—21.5%

  

Acom Co., Ltd. (a) (b)

    31,200        160,156   

Aeon Co., Ltd. (a)

    51,500        803,056   

AEON Financial Service Co., Ltd. (a)

    8,400        166,605   

Aeon Mall Co., Ltd.

    6,800        104,871   

Air Water, Inc.

    10,000        151,062   

Aisin Seiki Co., Ltd.

    16,500        555,887   

Ajinomoto Co., Inc.

    44,000        930,782   

Alfresa Holdings Corp.

    12,000        205,786   

Alps Electric Co., Ltd. (a)

    13,100        372,332   

Amada Holdings Co., Ltd.

    27,000        206,415   

ANA Holdings, Inc.

    84,000        236,608   

 

MSF-155


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Aozora Bank, Ltd.

    77,000      $ 268,154   

Asahi Glass Co., Ltd.

    72,000        423,311   

Asahi Group Holdings, Ltd.

    30,700        1,000,755   

Asahi Kasei Corp.

    97,000        685,897   

Asics Corp. (a)

    11,000        263,656   

Astellas Pharma, Inc.

    158,700        2,063,697   

Bandai Namco Holdings, Inc.

    12,500        291,623   

Bank of Kyoto, Ltd. (The)

    22,000        224,961   

Bank of Yokohama, Ltd. (The)

    83,000        506,519   

Benesse Holdings, Inc. (a)

    5,200        139,627   

Bridgestone Corp.

    49,700        1,730,755   

Brother Industries, Ltd.

    16,400        198,617   

Calbee, Inc.

    5,500        179,071   

Canon, Inc.

    81,400        2,362,184   

Casio Computer Co., Ltd.

    16,900        308,829   

Central Japan Railway Co.

    11,000        1,781,950   

Chiba Bank, Ltd. (The)

    49,000        349,326   

Chubu Electric Power Co., Inc.

    47,800        708,004   

Chugai Pharmaceutical Co., Ltd.

    16,800        517,935   

Chugoku Bank, Ltd. (The)

    12,000        179,013   

Chugoku Electric Power Co., Inc. (The)

    23,700        327,824   

Citizen Holdings Co., Ltd.

    20,500        142,044   

Credit Saison Co., Ltd. (a)

    10,500        191,415   

Dai Nippon Printing Co., Ltd.

    40,000        389,613   

Dai-ichi Life Insurance Co., Ltd. (The)

    80,600        1,291,134   

Daicel Corp.

    22,000        271,078   

Daihatsu Motor Co., Ltd. (a)

    14,000        162,771   

Daiichi Sankyo Co., Ltd. (a)

    49,000        857,042   

Daikin Industries, Ltd.

    18,000        1,013,751   

Daito Trust Construction Co., Ltd.

    6,200        631,724   

Daiwa House Industry Co., Ltd.

    47,500        1,180,983   

Daiwa Securities Group, Inc.

    126,000        817,947   

Denso Corp.

    36,700        1,558,483   

Dentsu, Inc.

    16,600        852,444   

Don Quijote Holdings Co., Ltd.

    8,200        310,790   

East Japan Railway Co.

    25,500        2,161,518   

Eisai Co., Ltd. (a)

    19,300        1,146,671   

Electric Power Development Co., Ltd.

    10,900        334,920   

FamilyMart Co., Ltd.

    4,300        197,127   

FANUC Corp.

    15,500        2,393,613   

Fast Retailing Co., Ltd.

    4,200        1,708,216   

Fuji Electric Co., Ltd.

    43,000        156,796   

Fuji Heavy Industries, Ltd.

    45,600        1,652,869   

FUJIFILM Holdings Corp.

    36,700        1,379,313   

Fujitsu, Ltd.

    135,000        589,704   

Fukuoka Financial Group, Inc.

    53,000        253,347   

Gunma Bank, Ltd. (The)

    26,000        166,548   

Hachijuni Bank, Ltd. (The)

    30,000        212,530   

Hakuhodo DY Holdings, Inc.

    17,600        168,116   

Hamamatsu Photonics KK

    9,600        217,631   

Hankyu Hanshin Holdings, Inc.

    83,000        508,090   

Hino Motors, Ltd. (a)

    19,000        194,404   

Hirose Electric Co., Ltd. (a)

    2,300        251,592   

Hiroshima Bank, Ltd. (The)

    38,000        220,584   

Hisamitsu Pharmaceutical Co., Inc. (a)

    4,500        150,633   

Hitachi Metals, Ltd.

    20,000        233,518   

Hitachi, Ltd.

    382,000        1,933,893   

Japan—(Continued)

  

Hokuhoku Financial Group, Inc.

    85,000      195,969   

Hokuriku Electric Power Co.

    12,000        162,026   

Honda Motor Co., Ltd.

    124,300        3,712,654   

Hoya Corp.

    31,900        1,049,974   

Hulic Co., Ltd.

    18,600        168,886   

IHI Corp.

    99,000        255,328   

Iida Group Holdings Co., Ltd.

    12,700        199,251   

Inpex Corp.

    71,100        636,279   

Isetan Mitsukoshi Holdings, Ltd.

    26,900        406,276   

Isuzu Motors, Ltd.

    42,000        423,926   

ITOCHU Corp. (a)

    116,900        1,242,005   

Iyo Bank, Ltd. (The)

    17,000        196,332   

J Front Retailing Co., Ltd.

    23,000        375,987   

Japan Airlines Co., Ltd.

    8,400        297,035   

Japan Airport Terminal Co., Ltd. (a)

    3,300        142,823   

Japan Exchange Group, Inc.

    46,400        681,848   

Japan Prime Realty Investment Corp. (REIT)

    88        286,161   

Japan Real Estate Investment Corp. (REIT)

    105        485,211   

Japan Retail Fund Investment Corp. (REIT)

    202        392,127   

Japan Tobacco, Inc.

    85,900        2,676,625   

JFE Holdings, Inc. (a)

    35,500        467,577   

JGC Corp.

    14,000        186,488   

Joyo Bank, Ltd. (The)

    54,000        285,804   

JSR Corp. (a)

    19,100        276,398   

JTEKT Corp.

    20,000        281,111   

JX Holdings, Inc. (a)

    163,100        591,437   

Kajima Corp.

    59,000        314,632   

Kakaku.com, Inc. (a)

    11,000        179,142   

Kamigumi Co., Ltd.

    17,000        139,768   

Kaneka Corp.

    22,000        162,908   

Kansai Electric Power Co., Inc. (The) (b)

    55,000        616,706   

Kansai Paint Co., Ltd.

    15,000        205,437   

Kao Corp.

    39,800        1,811,265   

Kawasaki Heavy Industries, Ltd. (a)

    124,000        429,994   

KDDI Corp.

    133,400        2,992,392   

Keihan Electric Railway Co., Ltd. (a)

    39,000        261,327   

Keikyu Corp.

    36,000        287,665   

Keio Corp.

    45,000        320,981   

Keisei Electric Railway Co., Ltd.

    20,000        220,444   

Keyence Corp.

    3,500        1,569,699   

Kikkoman Corp. (a)

    12,000        331,718   

Kintetsu Group Holdings Co., Ltd.

    160,120        577,948   

Kirin Holdings Co., Ltd.

    62,000        818,056   

Kobe Steel, Ltd.

    272,000        296,594   

Koito Manufacturing Co., Ltd.

    7,000        229,970   

Komatsu, Ltd.

    75,400        1,111,582   

Konami Corp. (a)

    7,300        158,768   

Konica Minolta, Inc.

    37,000        391,230   

Kose Corp.

    2,300        211,030   

Kubota Corp.

    89,000        1,227,678   

Kuraray Co., Ltd.

    24,500        306,514   

Kurita Water Industries, Ltd.

    7,100        151,257   

Kyocera Corp.

    24,900        1,144,508   

Kyowa Hakko Kirin Co., Ltd.

    20,000        299,168   

Kyushu Electric Power Co., Inc. (a) (b)

    39,700        433,742   

Lawson, Inc.

    4,900        362,960   

LIXIL Group Corp. (a)

    18,800        382,995   

 

MSF-156


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

M3, Inc. (a)

    18,600      $ 371,681   

Mabuchi Motor Co., Ltd.

    3,600        157,559   

Makita Corp. (a)

    9,500        507,577   

Marubeni Corp.

    133,500        656,500   

Marui Group Co., Ltd. (a)

    16,000        193,868   

Mazda Motor Corp.

    41,400        658,355   

Medipal Holdings Corp.

    10,700        170,725   

MEIJI Holdings Co., Ltd.

    10,200        751,798   

Minebea Co., Ltd. (a)

    24,000        255,951   

Miraca Holdings, Inc.

    4,000        170,416   

Mitsubishi Chemical Holdings Corp.

    95,500        501,755   

Mitsubishi Corp.

    105,400        1,735,810   

Mitsubishi Electric Corp.

    148,000        1,361,163   

Mitsubishi Estate Co., Ltd.

    96,000        1,970,839   

Mitsubishi Gas Chemical Co., Inc.

    26,000        120,471   

Mitsubishi Heavy Industries, Ltd.

    225,000        1,010,028   

Mitsubishi Materials Corp. (a)

    79,000        241,392   

Mitsubishi Motors Corp.

    44,999        345,386   

Mitsubishi Tanabe Pharma Corp.

    15,000        264,470   

Mitsubishi UFJ Financial Group, Inc.

    971,388        5,880,734   

Mitsubishi UFJ Lease & Finance Co., Ltd.

    41,500        183,597   

Mitsui & Co., Ltd. (a)

    132,217        1,491,489   

Mitsui Chemicals, Inc. (a)

    57,000        183,547   

Mitsui Fudosan Co., Ltd.

    75,000        2,065,997   

Mitsui OSK Lines, Ltd. (a)

    75,000        180,635   

Mizuho Financial Group, Inc.

    1,783,700        3,356,022   

MS&AD Insurance Group Holdings, Inc.

    40,200        1,083,094   

Murata Manufacturing Co., Ltd.

    15,300        1,990,301   

Nabtesco Corp.

    12,700        232,552   

Nagoya Railroad Co., Ltd. (a)

    62,000        244,523   

NEC Corp.

    185,000        571,190   

Nexon Co., Ltd.

    10,300        138,186   

NGK Insulators, Ltd.

    23,000        442,177   

NGK Spark Plug Co., Ltd. (a)

    12,000        276,015   

NH Foods, Ltd.

    14,000        287,008   

Nidec Corp.

    16,500        1,138,693   

Nikon Corp. (a)

    23,100        280,067   

Nintendo Co., Ltd.

    8,300        1,404,558   

Nippon Building Fund, Inc. (REIT)

    118        573,379   

Nippon Electric Glass Co., Ltd. (a)

    31,000        150,442   

Nippon Express Co., Ltd.

    59,000        282,903   

Nippon Paint Holdings Co., Ltd. (a)

    13,000        227,988   

Nippon Prologis REIT, Inc. (REIT)

    109        198,124   

Nippon Steel & Sumitomo Metal Corp.

    55,600        1,017,397   

Nippon Telegraph & Telephone Corp.

    56,400        1,984,060   

Nippon Yusen KK

    142,000        330,060   

Nissan Motor Co., Ltd.

    190,000        1,753,102   

Nisshin Seifun Group, Inc.

    15,700        229,036   

Nissin Foods Holdings Co., Ltd. (a)

    4,700        217,092   

Nitori Holdings Co., Ltd.

    5,300        418,054   

Nitto Denko Corp.

    12,600        758,035   

NOK Corp.

    7,100        153,972   

Nomura Holdings, Inc.

    274,700        1,596,532   

Nomura Real Estate Holdings, Inc.

    13,100        264,575   

Nomura Research Institute, Ltd.

    9,020        348,079   

NSK, Ltd.

    39,000        379,275   

NTT Data Corp.

    10,776        545,024   

Japan—(Continued)

  

NTT DoCoMo, Inc. (a)

    106,700      1,791,886   

Obayashi Corp.

    45,000        385,104   

Odakyu Electric Railway Co., Ltd. (a)

    44,000        397,499   

OJI Holdings Corp.

    68,000        292,522   

Olympus Corp.

    19,600        611,377   

Omron Corp.

    16,400        496,528   

Ono Pharmaceutical Co., Ltd.

    6,400        762,512   

Oriental Land Co., Ltd. (a)

    16,000        900,064   

ORIX Corp.

    101,300        1,312,532   

Osaka Gas Co., Ltd.

    161,000        613,769   

Otsuka Corp.

    3,700        180,947   

Otsuka Holdings Co., Ltd.

    32,000        1,030,214   

Panasonic Corp.

    168,700        1,715,514   

Park24 Co., Ltd.

    7,400        139,460   

Rakuten, Inc.

    76,600        984,019   

Recruit Holdings Co., Ltd.

    10,200        307,336   

Resona Holdings, Inc.

    169,400        866,947   

Ricoh Co., Ltd. (a)

    51,000        516,593   

Rinnai Corp.

    2,800        214,403   

Rohm Co., Ltd.

    6,700        300,059   

Ryohin Keikaku Co., Ltd.

    1,800        369,142   

Sankyo Co., Ltd.

    3,900        139,228   

Santen Pharmaceutical Co., Ltd.

    27,500        371,241   

SBI Holdings, Inc.

    19,011        215,375   

Secom Co., Ltd.

    15,800        953,695   

Sega Sammy Holdings, Inc. (a)

    13,300        130,444   

Seibu Holdings, Inc.

    9,000        183,073   

Seiko Epson Corp.

    20,000        283,592   

Sekisui Chemical Co., Ltd.

    39,000        411,475   

Sekisui House, Ltd.

    46,800        736,553   

Seven & I Holdings Co., Ltd.

    57,500        2,638,911   

Seven Bank, Ltd. (a)

    43,000        187,343   

Sharp Corp. (a) (b)

    103,000        118,703   

Shikoku Electric Power Co., Inc. (a)

    15,100        247,447   

Shimadzu Corp.

    17,000        246,078   

Shimamura Co., Ltd. (a)

    1,400        151,333   

Shimano, Inc.

    6,000        847,021   

Shimizu Corp.

    54,000        465,592   

Shin-Etsu Chemical Co., Ltd.

    31,400        1,616,623   

Shinsei Bank, Ltd. (a)

    160,000        331,049   

Shionogi & Co., Ltd.

    25,000        900,135   

Shiseido Co., Ltd.

    29,300        643,231   

Shizuoka Bank, Ltd. (The)

    41,000        411,572   

SMC Corp.

    4,000        880,002   

SoftBank Group Corp.

    74,700        3,442,717   

Sompo Japan Nipponkoa Holdings, Inc.

    26,999        788,544   

Sony Corp.

    95,900        2,348,809   

Sony Financial Holdings, Inc.

    12,800        211,142   

Stanley Electric Co., Ltd. (a)

    11,800        236,770   

Sumitomo Chemical Co., Ltd.

    109,000        554,589   

Sumitomo Corp. (a)

    93,000        899,281   

Sumitomo Dainippon Pharma Co., Ltd. (a)

    12,500        125,382   

Sumitomo Electric Industries, Ltd.

    56,334        724,963   

Sumitomo Heavy Industries, Ltd.

    39,000        154,965   

Sumitomo Metal Mining Co., Ltd.

    40,000        456,234   

Sumitomo Mitsui Financial Group, Inc.

    97,000        3,698,713   

Sumitomo Mitsui Trust Holdings, Inc.

    265,262        980,060   

 

MSF-157


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Japan—(Continued)

  

Sumitomo Realty & Development Co., Ltd.

    28,000      $ 895,884   

Sumitomo Rubber Industries, Ltd.

    12,500        174,164   

Suntory Beverage & Food, Ltd.

    10,400        400,896   

Suruga Bank, Ltd.

    13,000        242,661   

Suzuken Co., Ltd.

    5,800        194,143   

Suzuki Motor Corp.

    30,200        934,690   

Sysmex Corp.

    12,400        656,791   

T&D Holdings, Inc.

    49,200        583,711   

Taiheiyo Cement Corp.

    82,000        247,129   

Taisei Corp.

    80,000        524,209   

Taisho Pharmaceutical Holdings Co.,
Ltd. (a)

    3,000        173,029   

Takashimaya Co., Ltd.

    19,000        154,420   

Takeda Pharmaceutical Co., Ltd.

    60,300        2,662,283   

TDK Corp.

    10,500        598,242   

Teijin, Ltd.

    66,000        201,266   

Terumo Corp.

    26,000        738,435   

THK Co., Ltd. (a)

    7,700        122,724   

Tobu Railway Co., Ltd.

    73,000        314,603   

Toho Co., Ltd.

    8,500        194,721   

Toho Gas Co., Ltd. (a)

    31,000        183,772   

Tohoku Electric Power Co., Inc.

    39,800        542,754   

Tokio Marine Holdings, Inc.

    51,400        1,926,825   

Tokyo Electric Power Co., Inc. (b)

    123,600        830,785   

Tokyo Electron, Ltd. (a)

    12,400        587,080   

Tokyo Gas Co., Ltd.

    170,000        827,758   

Tokyo Tatemono Co., Ltd.

    14,500        173,960   

Tokyu Corp.

    96,000        706,549   

Tokyu Fudosan Holdings Corp.

    37,000        247,538   

TonenGeneral Sekiyu KK

    18,000        175,069   

Toppan Printing Co., Ltd.

    41,000        331,418   

Toray Industries, Inc. (a)

    111,000        963,613   

Toshiba Corp. (a)

    313,000        791,745   

TOTO, Ltd. (a)

    9,500        297,853   

Toyo Seikan Group Holdings, Ltd. (a)

    10,200        162,376   

Toyo Suisan Kaisha, Ltd.

    6,000        228,187   

Toyota Industries Corp.

    12,600        601,592   

Toyota Motor Corp.

    208,200        12,265,595   

Toyota Tsusho Corp.

    19,900        421,040   

Trend Micro, Inc. (a)

    7,000        248,338   

Unicharm Corp. (a)

    26,700        474,575   

United Urban Investment Corp. (REIT)

    266        356,421   

USS Co., Ltd.

    16,600        277,982   

West Japan Railway Co.

    13,700        859,089   

Yahoo Japan Corp.

    101,500        388,170   

Yakult Honsha Co., Ltd. (a)

    6,300        316,082   

Yamada Denki Co., Ltd. (a)

    55,900        226,109   

Yamaguchi Financial Group, Inc. (a)

    15,000        184,504   

Yamaha Corp.

    11,000        244,569   

Yamaha Motor Co., Ltd.

    17,800        359,606   

Yamato Holdings Co., Ltd. (a)

    27,000        518,575   

Yamazaki Baking Co., Ltd.

    9,000        139,095   

Yaskawa Electric Corp. (a)

    18,000        184,160   

Yokogawa Electric Corp.

    16,300        171,118   

Yokohama Rubber Co., Ltd. (The)

    8,000        141,612   
   

 

 

 
      201,924,821   
   

 

 

 

Luxembourg—0.1%

  

ArcelorMittal (a)

    75,087      391,927   

Tenaris S.A. (a)

    32,705        393,122   
   

 

 

 
      785,049   
   

 

 

 

Netherlands—2.6%

  

Aegon NV

    144,233        829,748   

Airbus Group SE

    44,953        2,667,280   

Akzo Nobel NV

    17,901        1,162,558   

Altice NV - Class A (b)

    18,210        380,621   

Altice NV - Class B (b)

    6,070        135,276   

ASML Holding NV

    26,377        2,310,161   

Boskalis Westminster

    6,001        262,433   

CNH Industrial NV (a)

    78,026        508,809   

Delta Lloyd NV

    15,114        127,068   

Fiat Chrysler Automobiles NV (b)

    59,813        790,130   

Gemalto NV (a)

    5,659        366,919   

Heineken Holding NV

    8,233        586,443   

Heineken NV

    18,019        1,456,934   

ING Groep NV

    294,224        4,172,413   

Koninklijke Ahold NV

    66,939        1,305,131   

Koninklijke DSM NV

    13,385        617,417   

Koninklijke KPN NV

    263,537        986,814   

Koninklijke Philips NV

    70,528        1,661,321   

Koninklijke Vopak NV

    4,391        175,378   

NN Group NV

    14,226        407,667   

OCI NV (b)

    6,200        158,870   

QIAGEN NV (b)

    20,370        524,859   

Randstad Holding NV

    9,402        560,456   

RELX NV

    82,353        1,343,158   

STMicroelectronics NV (a)

    44,693        304,010   

TNT Express NV

    37,717        287,061   

Wolters Kluwer NV

    22,968        707,419   
   

 

 

 
      24,796,354   
   

 

 

 

New Zealand—0.1%

  

Auckland International Airport, Ltd.

    99,212        310,440   

Contact Energy, Ltd.

    58,969        187,148   

Fletcher Building, Ltd.

    56,031        244,351   

Meridian Energy, Ltd.

    124,449        167,801   

Ryman Healthcare, Ltd.

    29,900        140,038   

Spark New Zealand, Ltd.

    127,873        243,889   
   

 

 

 
      1,293,667   
   

 

 

 

Norway—0.6%

  

DNB ASA

    70,539        917,452   

Gjensidige Forsikring ASA

    14,357        193,192   

Norsk Hydro ASA

    92,923        309,756   

Orkla ASA

    68,492        507,781   

Seadrill, Ltd. (a) (b)

    27,606        161,001   

Statoil ASA

    82,820        1,205,711   

Subsea 7 S.A. (a) (b)

    18,500        138,901   

Telenor ASA

    58,784        1,097,459   

Yara International ASA

    15,483        617,497   
   

 

 

 
      5,148,750   
   

 

 

 

 

MSF-158


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Portugal—0.2%

  

Banco Comercial Portugues S.A.
- Class R (a) (b)

    2,472,000      $ 120,212   

Banco Espirito Santo S.A. (b) (c) (d)

    199,038        0   

EDP - Energias de Portugal S.A.

    198,295        726,116   

Galp Energia SGPS S.A.

    31,688        312,288   

Jeronimo Martins SGPS S.A.

    16,641        224,506   
   

 

 

 
      1,383,122   
   

 

 

 

Singapore—1.2%

  

Ascendas Real Estate Investment Trust (REIT)

    141,000        232,771   

CapitaCommercial Trust (REIT)

    143,000        135,152   

CapitaLand Mall Trust (REIT)

    240,200        321,136   

CapitaLand, Ltd.

    227,200        429,594   

City Developments, Ltd.

    34,000        184,264   

ComfortDelGro Corp., Ltd.

    153,000        309,997   

DBS Group Holdings, Ltd.

    134,767        1,540,971   

Genting Singapore plc

    418,200        213,390   

Global Logistic Properties, Ltd.

    278,000        400,191   

Hutchison Port Holdings Trust -
Class U (a)

    538,000        296,471   

Jardine Cycle & Carriage, Ltd. (a)

    8,888        169,806   

Keppel Corp., Ltd. (a)

    128,900        618,490   

Oversea-Chinese Banking Corp., Ltd. (a)

    231,764        1,436,129   

Sembcorp Industries, Ltd. (a)

    71,000        172,944   

Singapore Airlines, Ltd.

    53,840        405,889   

Singapore Exchange, Ltd. (a)

    56,000        277,353   

Singapore Press Holdings, Ltd. (a)

    153,050        414,004   

Singapore Technologies Engineering, Ltd.

    130,000        273,099   

Singapore Telecommunications, Ltd.

    628,020        1,594,388   

Suntec Real Estate Investment Trust (REIT) (a)

    179,000        188,925   

United Overseas Bank, Ltd.

    104,892        1,369,557   

UOL Group, Ltd.

    33,000        139,569   

Wilmar International, Ltd.

    130,000        235,821   
   

 

 

 
      11,359,911   
   

 

 

 

Spain—3.3%

  

Abertis Infraestructuras S.A. (a)

    39,268        620,625   

ACS Actividades de Construccion y Servicios S.A.

    13,045        374,730   

Aena S.A. (144A) (b)

    5,774        636,961   

Amadeus IT Holding S.A. - A Shares (a)

    33,021        1,410,500   

Banco Bilbao Vizcaya Argentaria S.A.

    479,697        4,064,461   

Banco de Sabadell S.A. (a)

    366,645        672,786   

Banco Popular Espanol S.A. (a)

    128,908        469,594   

Banco Santander S.A.

    1,089,197        5,793,663   

Bankia S.A. (a)

    323,299        418,498   

Bankinter S.A. (a)

    48,939        359,569   

CaixaBank S.A.

    193,102        743,570   

CaixaBank S.A. (b)

    2,033        7,817   

Distribuidora Internacional de Alimentacion S.A. (a) (b)

    40,490        244,475   

Enagas S.A.

    15,504        443,907   

Endesa S.A.

    23,384        492,191   

Ferrovial S.A.

    36,266        864,927   

Gas Natural SDG S.A.

    24,586        478,934   

Grifols S.A. (a)

    11,921        492,591   

Iberdrola S.A.

    410,996        2,731,682   

Industria de Diseno Textil S.A.

    82,989        2,777,239   

Spain—(Continued)

  

International Consolidated Airlines Group S.A. - Class DI (b)

    71,373      637,218   

Mapfre S.A.

    74,474        194,381   

Red Electrica Corp. S.A.

    9,130        757,630   

Repsol S.A.

    81,910        953,491   

Telefonica S.A.

    338,139        4,094,141   

Zardoya Otis S.A. (a)

    9,905        107,076   
   

 

 

 
      30,842,657   
   

 

 

 

Sweden—2.8%

  

Alfa Laval AB (a)

    20,852        340,787   

Assa Abloy AB - Class B

    76,998        1,380,201   

Atlas Copco AB - A Shares

    51,088        1,229,118   

Atlas Copco AB - B Shares

    32,703        731,710   

Boliden AB

    18,744        292,845   

Electrolux AB - Series B

    17,118        483,338   

Getinge AB - B Shares

    13,484        300,499   

Hennes & Mauritz AB - B Shares

    74,341        2,712,629   

Hexagon AB - B Shares (a)

    19,206        586,591   

Husqvarna AB - B Shares

    25,677        168,178   

ICA Gruppen AB (a)

    5,619        189,708   

Industrivarden AB - C Shares

    16,050        281,322   

Investment AB Kinnevik - B Shares

    16,520        471,999   

Investor AB - B Shares

    35,158        1,207,594   

Lundin Petroleum AB (a) (b)

    16,017        206,106   

Millicom International Cellular S.A.

    5,384        336,133   

Nordea Bank AB

    231,088        2,575,577   

Sandvik AB

    84,986        723,552   

Securitas AB - B Shares

    21,462        261,920   

Skandinaviska Enskilda Banken AB - Class A

    113,626        1,211,888   

Skanska AB - B Shares

    30,119        590,287   

SKF AB - B Shares

    32,785        602,791   

Svenska Cellulosa AB SCA - B Shares

    46,579        1,302,577   

Svenska Handelsbanken AB - A Shares

    113,923        1,633,295   

Swedbank AB - A Shares

    68,898        1,520,750   

Swedish Match AB

    14,499        438,040   

Tele2 AB - B Shares

    21,032        204,744   

Telefonaktiebolaget LM Ericsson - B Shares

    231,531        2,276,052   

TeliaSonera AB

    193,275        1,040,255   

Volvo AB - B Shares

    112,044        1,073,410   
   

 

 

 
      26,373,896   
   

 

 

 

Switzerland—9.4%

  

ABB, Ltd. (b)

    165,867        2,929,917   

Actelion, Ltd. (b)

    7,563        959,609   

Adecco S.A. (b)

    12,943        946,615   

Aryzta AG (a) (b)

    7,132        301,898   

Baloise Holding AG

    4,297        492,382   

Barry Callebaut AG (a) (b)

    132        143,439   

Chocoladefabriken Lindt & Spruengli AG

    9        637,803   

Chocoladefabriken Lindt & Spruengli AG (Participation Certifcate)

    81        474,524   

Cie Financiere Richemont S.A.

    39,713        3,086,032   

Coca-Cola HBC AG (b)

    13,800        293,004   

Credit Suisse Group AG (b)

    118,415        2,841,503   

Dufry AG (b)

    2,990        349,720   

 

MSF-159


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Switzerland—(Continued)

  

EMS-Chemie Holding AG

    579      $ 238,106   

Geberit AG

    2,876        878,286   

Givaudan S.A. (b)

    717        1,165,314   

Glencore plc (b)

    910,969        1,271,113   

Julius Baer Group, Ltd. (b)

    17,027        772,714   

Kuehne & Nagel International AG

    4,135        530,794   

LafargeHolcim, Ltd. (b)

    32,319        1,693,612   

Lonza Group AG (b)

    3,785        496,494   

Nestle S.A.

    245,340        18,428,425   

Novartis AG

    173,114        15,905,552   

Pargesa Holding S.A.

    1,694        99,274   

Partners Group Holding AG

    1,228        416,153   

Roche Holding AG

    53,450        14,093,570   

Schindler Holding AG

    1,428        209,261   

Schindler Holding AG (Participation Certificate)

    3,222        462,701   

SGS S.A.

    429        748,134   

Sika AG

    170        524,618   

Sonova Holding AG

    4,058        521,965   

Sulzer AG (a)

    1,649        161,323   

Swatch Group AG (The)

    3,213        231,732   

Swatch Group AG (The) - Bearer
Shares (a)

    2,384        883,112   

Swiss Life Holding AG (b)

    2,699        601,862   

Swiss Prime Site AG (b)

    4,882        356,396   

Swiss Re AG

    26,793        2,297,216   

Swisscom AG

    1,911        952,873   

Syngenta AG

    7,113        2,278,732   

Transocean, Ltd. (Swiss-Traded
Shares) (a)

    24,746        319,310   

UBS Group AG

    277,836        5,135,439   

Zurich Insurance Group AG (b)

    11,437        2,806,536   
   

 

 

 
      87,937,063   
   

 

 

 

United Kingdom—19.2%

  

3i Group plc

    83,477        591,230   

Aberdeen Asset Management plc (a)

    88,413        398,172   

Admiral Group plc

    16,009        364,952   

Aggreko plc

    17,661        255,067   

Amec Foster Wheeler plc

    28,170        306,504   

Anglo American plc

    114,075        955,577   

Antofagasta plc (a)

    26,957        204,686   

ARM Holdings plc

    107,371        1,549,393   

Ashtead Group plc

    36,539        516,392   

Associated British Foods plc

    27,546        1,397,908   

AstraZeneca plc

    97,144        6,173,236   

Aviva plc

    310,840        2,133,646   

Babcock International Group plc

    22,688        314,272   

BAE Systems plc

    242,267        1,646,980   

Barclays plc

    1,274,481        4,718,054   

Barratt Developments plc

    73,185        716,860   

BG Group plc

    259,809        3,751,328   

BHP Billiton plc

    160,685        2,456,283   

BP plc

    1,389,132        7,050,369   

British American Tobacco plc

    141,824        7,848,500   

British Land Co. plc (The) (REIT)

    73,348        933,802   

BT Group plc

    636,556        4,055,958   

Bunzl plc

    27,344        734,936   

Burberry Group plc

    32,742        680,420   

United Kingdom—(Continued)

  

Capita plc

    48,717      885,979   

Carnival plc

    15,318        791,711   

Centrica plc

    369,393        1,285,332   

Cobham plc

    99,074        429,603   

Compass Group plc

    123,769        1,978,596   

Croda International plc

    9,658        397,206   

Diageo plc

    190,264        5,126,865   

Direct Line Insurance Group plc

    118,839        676,293   

Dixons Carphone plc

    68,700        442,694   

easyJet plc

    10,815        291,853   

Fiat Chrysler Automobiles NV (b)

    10,974        142,891   

Fresnillo plc

    22,254        199,761   

G4S plc

    106,542        373,099   

GKN plc

    126,099        513,664   

GlaxoSmithKline plc

    370,223        7,106,455   

Hammerson plc (REIT)

    56,484        534,718   

Hargreaves Lansdown plc

    23,659        433,768   

HSBC Holdings plc

    1,484,754        11,246,704   

ICAP plc

    36,213        251,381   

IMI plc

    20,055        288,739   

Imperial Tobacco Group plc

    72,815        3,773,756   

Inmarsat plc

    33,445        498,480   

InterContinental Hotels Group plc

    18,621        644,823   

Intertek Group plc

    14,174        523,172   

Intu Properties plc (REIT) (a)

    62,951        315,039   

Investec plc

    41,855        321,258   

J Sainsbury plc (a)

    120,106        475,981   

Johnson Matthey plc

    16,508        614,016   

Kingfisher plc

    189,541        1,032,044   

Land Securities Group plc (REIT)

    59,558        1,138,464   

Legal & General Group plc

    444,946        1,608,864   

Lloyds Banking Group plc

    4,344,041        4,958,639   

London Stock Exchange Group plc

    25,259        928,276   

Marks & Spencer Group plc

    135,321        1,029,672   

Meggitt plc

    55,862        403,876   

Melrose Industries plc

    67,335        270,116   

Merlin Entertainments plc (144A)

    52,353        295,319   

Mondi plc

    27,093        569,363   

National Grid plc

    284,641        3,969,369   

Next plc

    11,690        1,350,971   

Old Mutual plc

    378,865        1,088,563   

Pearson plc

    63,486        1,086,478   

Persimmon plc (b)

    22,805        695,775   

Petrofac, Ltd.

    17,337        202,347   

Prudential plc

    195,189        4,131,861   

Randgold Resources, Ltd.

    8,463        498,805   

Reckitt Benckiser Group plc

    48,876        4,442,395   

RELX plc

    85,441        1,468,160   

Rexam plc

    61,505        488,208   

Rio Tinto plc

    96,229        3,232,631   

Rolls-Royce Holdings plc (b)

    138,645        1,425,545   

Royal Bank of Scotland Group plc (b)

    246,811        1,180,957   

Royal Dutch Shell plc - A Shares

    296,297        6,996,429   

Royal Dutch Shell plc - B Shares

    185,664        4,409,709   

Royal Mail plc

    56,481        393,236   

RSA Insurance Group plc

    72,429        442,787   

SABMiller plc

    75,023        4,256,908   

 

MSF-160


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
    
Shares
    Value  

United Kingdom—(Continued)

  

Sage Group plc (The)

    79,455      $ 601,988   

Schroders plc

    8,724        371,743   

Segro plc (REIT)

    61,844        402,730   

Severn Trent plc

    20,415        676,797   

Sky plc

    81,836        1,296,695   

Smith & Nephew plc

    66,221        1,159,573   

Smiths Group plc

    31,976        487,838   

Sports Direct International plc (b)

    18,899        217,104   

SSE plc

    74,903        1,700,939   

St. James’s Place plc

    38,927        501,786   

Standard Chartered plc

    201,957        1,966,001   

Standard Life plc

    143,071        843,091   

Tate & Lyle plc

    33,576        300,246   

Taylor Wimpey plc

    240,026        713,031   

Tesco plc

    621,955        1,730,522   

Travis Perkins plc

    20,832        621,863   

Tullow Oil plc (a) (b)

    61,905        159,283   

Unilever NV

    123,932        4,982,420   

Unilever plc

    99,599        4,062,584   

United Utilities Group plc

    57,234        803,393   

Vodafone Group plc

    2,017,163        6,386,781   

Weir Group plc (The)

    17,104        303,773   

Whitbread plc

    14,502        1,027,104   

William Hill plc

    82,380        438,509   

WM Morrison Supermarkets plc

    166,578        420,211   

Wolseley plc

    20,872        1,222,611   

WPP plc

    97,220        2,027,266   
   

 

 

 
      179,740,011   
   

 

 

 

Total Common Stocks
(Cost $861,827,624)

      890,038,027   
   

 

 

 
Mutual Fund—2.5%                

United States—2.5%

   

iShares MSCI EAFE ETF (a) (e)
(Cost $24,229,821)

    410,600        23,535,592   
   

 

 

 
Preferred Stocks—0.4%                

Germany—0.4%

   

Bayerische Motoren Werke (BMW) AG

    3,505        240,413   

FUCHS Petrolub SE

    4,900        216,034   

Henkel AG & Co. KGaA

    13,964        1,433,267   

Porsche Automobil Holding SE

    11,870        504,700   

Volkswagen AG

    12,003        1,311,267   
   

 

 

 

Total Preferred Stocks
(Cost $3,456,498)

      3,705,681   
   

 

 

 
Rights—0.0%                

Spain—0.0%

   

Banco Popular Espanol S.A.,
Expires 10/01/15 (a) (b) (Cost $2,910)

    128,908        2,591   
   

 

 

 
Short-Term Investments—6.5%    
Security Description   Shares/
Principal
Amount*
    Value  

Discount Notes—1.7%

  

Federal Home Loan Bank

   

0.135%, 12/17/15 (f)

    1,200,000      1,199,653   

0.140%, 11/25/15 (f)

    225,000        224,952   

0.146%, 10/26/15 (f)

    250,000        249,974   

0.153%, 11/16/15 (f)

    650,000        649,872   

0.155%, 12/28/15 (f)

    2,825,000        2,823,930   

0.163%, 11/06/15 (f)

    250,000        249,959   

0.164%, 11/13/15 (f)

    275,000        274,946   

0.184%, 01/20/16 (f)

    3,525,000        3,523,013   

0.323%, 03/09/16 (f)

    6,750,000        6,740,400   
   

 

 

 
      15,936,699   
   

 

 

 

Mutual Fund—4.8%

   

State Street Navigator Securities Lending MET Portfolio (g)

    45,261,467        45,261,467   
   

 

 

 

Total Short-Term Investments
(Cost $61,198,166)

      61,198,166   
   

 

 

 

Total Investments—104.3%
(Cost $950,715,019) (h)

      978,480,057   

Other assets and liabilities (net)—(4.3)%

      (40,419,474
   

 

 

 
Net Assets—100.0%     $ 938,060,583   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $43,833,692 and the collateral received consisted of cash in the amount of $45,261,467 and non-cash collateral with a value of $394,389. 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) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2015, these securities represent less than 0.05% of net assets.
(d) Illiquid security. As of September 30, 2015, these securities represent 0.0% of net assets.
(e) All or a portion of the security was pledged as collateral against open futures contracts. As of September 30, 2015, the market value of securities pledged was $1,719,600.
(f) The rate shown represents current yield to maturity.
(g) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(h) As of September 30, 2015, the aggregate cost of investments was $950,715,019. The aggregate unrealized appreciation and depreciation of investments were $189,099,228 and $(161,334,190), respectively, resulting in net unrealized appreciation of $27,765,038.

 

MSF-161


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

(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, 2015, the market value of 144A securities was $932,280, which is 0.1% of net assets.
(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, 2015 (Unaudited)

  

% of
Net Assets

 

Banks

     12.5   

Pharmaceuticals

     9.4   

Insurance

     5.4   

Oil, Gas & Consumable Fuels

     4.3   

Automobiles

     3.7   

Chemicals

     3.2   

Food Products

     3.2   

Diversified Telecommunication Services

     3.0   

Beverages

     2.5   

Machinery

     2.1   

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

MSCI EAFE Mini Index Futures

     12/18/15         179         USD         15,523,240       $ (760,215
              

 

 

 

 

(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.

 

MSF-162


Table of Contents

Metropolitan Series Fund

MSCI EAFE Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2015:

 

Description    Level 1     Level 2     Level 3      Total  
Common Stocks          

Australia

   $ —        $ 57,097,875      $ —         $ 57,097,875   

Austria

     —          1,553,948        —           1,553,948   

Belgium

     —          11,938,847        —           11,938,847   

Denmark

     —          16,319,753        —           16,319,753   

Finland

     —          7,770,639        —           7,770,639   

France

     —          86,513,298        —           86,513,298   

Germany

     —          75,296,503        —           75,296,503   

Hong Kong

     —          27,050,023        —           27,050,023   

Ireland

     —          8,258,017        —           8,258,017   

Israel

     —          5,629,564        —           5,629,564   

Italy

     —          21,024,259        —           21,024,259   

Japan

     —          201,924,821        —           201,924,821   

Luxembourg

     —          785,049        —           785,049   

Netherlands

     1,306,027        23,490,327        —           24,796,354   

New Zealand

     —          1,293,667        —           1,293,667   

Norway

     —          5,148,750        —           5,148,750   

Portugal

     —          1,383,122        0         1,383,122   

Singapore

     —          11,359,911        —           11,359,911   

Spain

     7,817        30,834,840        —           30,842,657   

Sweden

     —          26,373,896        —           26,373,896   

Switzerland

     —          87,937,063        —           87,937,063   

United Kingdom

     —          179,740,011        —           179,740,011   

Total Common Stocks

     1,313,844        888,724,183        0         890,038,027   

Total Mutual Fund*

     23,535,592        —          —           23,535,592   

Total Preferred Stocks*

     —          3,705,681        —           3,705,681   

Total Rights*

     2,591        —          —           2,591   
Short-Term Investments          

Discount Notes

     —          15,936,699        —           15,936,699   

Mutual Fund

     45,261,467        —          —           45,261,467   

Total Short-Term Investments

     45,261,467        15,936,699        —           61,198,166   

Total Investments

   $ 70,113,494      $ 908,366,563      $ 0       $ 978,480,057   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (45,261,467   $ —         $ (45,261,467
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (760,215   $ —        $ —         $ (760,215

 

* See Schedule of Investments for additional detailed categorizations.

Transfers from Level 1 to Level 2 in the amount of $4,958,816 were due to the application of a systematic fair valuation model factor.

As of September 30, 2015, the security designated as Level 3 was fair valued using significant unobservable inputs under procedures adopted by the Board. Such valuations were based on a review of inputs such as, but not limited to, similar securities, company specific financial information, and company specific news. For this security there was no change in the valuation techniques used since the December 31, 2014 annual report. The Level 3 security comprised 0.0% of net assets of the Portfolio. As such, the Level 3 roll forward and change in unrealized appreciation (depreciation) of the Level 3 security held at September 30, 2015 have not been presented.

 

MSF-163


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—98.6% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—0.3%

  

Astronics Corp. (a)

    86,150      $ 3,483,045   
   

 

 

 

Air Freight & Logistics—0.7%

  

Forward Air Corp.

    204,826        8,498,231   
   

 

 

 

Airlines—0.4%

  

Allegiant Travel Co.

    22,100        4,779,125   
   

 

 

 

Auto Components—0.8%

  

Drew Industries, Inc.

    112,800        6,160,008   

Gentex Corp.

    257,050        3,984,275   
   

 

 

 
      10,144,283   
   

 

 

 

Banks—9.3%

  

Bank of Hawaii Corp.

    267,950        17,012,145   

Bank of the Ozarks, Inc.

    306,176        13,398,262   

BankUnited, Inc.

    260,450        9,311,088   

BOK Financial Corp.

    157,932        10,219,780   

Community Bank System, Inc.

    140,037        5,205,175   

Cullen/Frost Bankers, Inc.

    212,598        13,516,981   

CVB Financial Corp.

    421,500        7,039,050   

First Financial Bankshares, Inc.

    391,560        12,443,777   

FNB Corp.

    558,898        7,237,729   

LegacyTexas Financial Group, Inc.

    197,050        6,006,084   

PacWest Bancorp

    185,778        7,953,156   

Westamerica Bancorp

    103,700        4,608,428   
   

 

 

 
      113,951,655   
   

 

 

 

Beverages—0.8%

  

Boston Beer Co., Inc. (The) - Class A (a)

    44,572        9,387,309   
   

 

 

 

Building Products—1.5%

  

AAON, Inc.

    256,622        4,973,334   

Advanced Drainage Systems, Inc.

    122,500        3,543,925   

AO Smith Corp.

    142,050        9,260,240   
   

 

 

 
      17,777,499   
   

 

 

 

Capital Markets—0.0%

  

OM Asset Management plc

    22,900        353,118   
   

 

 

 

Chemicals—4.4%

  

Balchem Corp.

    205,113        12,464,717   

Innophos Holdings, Inc.

    131,261        5,203,186   

NewMarket Corp.

    10,067        3,593,919   

Quaker Chemical Corp.

    30,650        2,362,502   

RPM International, Inc.

    135,150        5,661,434   

Sensient Technologies Corp.

    389,550        23,879,415   
   

 

 

 
      53,165,173   
   

 

 

 

Commercial Services & Supplies—4.3%

  

Essendant, Inc.

    173,024        5,611,168   

G&K Services, Inc. - Class A

    61,900        4,123,778   

Healthcare Services Group, Inc.

    433,814        14,619,532   

Rollins, Inc.

    744,865        20,014,523   

Team, Inc. (a)

    91,353        2,934,258   

Commercial Services & Supplies—(Continued)

  

UniFirst Corp.

    45,950      4,907,920   
   

 

 

 
      52,211,179   
   

 

 

 

Communications Equipment—1.0%

   

NetScout Systems, Inc. (a)

    347,350        12,285,769   
   

 

 

 

Construction Materials—0.4%

   

Eagle Materials, Inc.

    76,500        5,234,130   
   

 

 

 

Containers & Packaging—2.6%

   

Aptargroup, Inc.

    363,704        23,989,916   

Silgan Holdings, Inc.

    148,450        7,725,338   
   

 

 

 
      31,715,254   
   

 

 

 

Distributors—1.7%

   

Pool Corp.

    282,410        20,418,243   
   

 

 

 

Diversified Financial Services—0.7%

   

MarketAxess Holdings, Inc.

    88,650        8,233,812   
   

 

 

 

Electrical Equipment—0.5%

   

Franklin Electric Co., Inc.

    142,750        3,887,082   

Thermon Group Holdings, Inc. (a)

    111,150        2,284,133   
   

 

 

 
      6,171,215   
   

 

 

 

Electronic Equipment, Instruments & Components—5.7%

  

Badger Meter, Inc.

    133,138        7,729,992   

Cognex Corp.

    165,000        5,671,050   

FARO Technologies, Inc. (a)

    69,100        2,418,500   

FEI Co.

    210,904        15,404,428   

Littelfuse, Inc.

    79,950        7,287,443   

MTS Systems Corp.

    56,274        3,382,630   

Rogers Corp. (a)

    165,550        8,803,949   

Zebra Technologies Corp. - Class A (a)

    239,732        18,351,485   
   

 

 

 
      69,049,477   
   

 

 

 

Energy Equipment & Services—1.9%

   

CARBO Ceramics, Inc.

    78,250        1,485,968   

Dril-Quip, Inc. (a)

    37,900        2,206,538   

Natural Gas Services Group, Inc. (a)

    211,285        4,077,800   

Oceaneering International, Inc.

    215,550        8,466,804   

Pason Systems, Inc.

    492,400        6,814,816   
   

 

 

 
      23,051,926   
   

 

 

 

Food & Staples Retailing—0.2%

   

North West Co., Inc. (The)

    124,300        2,580,468   
   

 

 

 

Food Products—2.9%

   

B&G Foods, Inc.

    184,750        6,734,137   

Calavo Growers, Inc.

    20,300        906,192   

Flowers Foods, Inc.

    335,350        8,296,559   

J&J Snack Foods Corp.

    96,909        11,014,677   

Lancaster Colony Corp.

    86,500        8,432,020   
   

 

 

 
      35,383,585   
   

 

 

 

 

MSF-164


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—7.7%

  

Abaxis, Inc.

    163,654      $ 7,199,139   

Cantel Medical Corp.

    50,050        2,837,835   

Cyberonics, Inc. (a)

    129,474        7,869,430   

Haemonetics Corp. (a)

    317,408        10,258,627   

IDEXX Laboratories, Inc. (a)

    230,900        17,144,325   

Meridian Bioscience, Inc.

    204,081        3,489,785   

Natus Medical, Inc. (a)

    54,500        2,150,025   

Neogen Corp. (a)

    46,000        2,069,540   

Sirona Dental Systems, Inc. (a)

    186,650        17,421,911   

West Pharmaceutical Services, Inc.

    437,016        23,651,306   
   

 

 

 
      94,091,923   
   

 

 

 

Health Care Providers & Services—3.7%

   

Amsurg Corp. (a)

    164,492        12,782,673   

Chemed Corp.

    98,200        13,106,754   

Henry Schein, Inc. (a)

    125,850        16,702,812   

U.S. Physical Therapy, Inc.

    45,300        2,033,517   
   

 

 

 
      44,625,756   
   

 

 

 

Hotels, Restaurants & Leisure—4.0%

   

Brinker International, Inc.

    249,850        13,159,599   

Cheesecake Factory, Inc. (The)

    132,800        7,165,888   

Cracker Barrel Old Country Store, Inc.

    73,150        10,773,532   

Papa John’s International, Inc.

    127,500        8,731,200   

Texas Roadhouse, Inc.

    253,750        9,439,500   
   

 

 

 
      49,269,719   
   

 

 

 

Household Products—2.6%

   

Church & Dwight Co., Inc.

    381,600        32,016,240   
   

 

 

 

Industrial Conglomerates—0.4%

   

Raven Industries, Inc.

    275,679        4,672,759   
   

 

 

 

Insurance—1.4%

   

RLI Corp.

    243,390        13,028,667   

Safety Insurance Group, Inc.

    83,600        4,526,940   
   

 

 

 
      17,555,607   
   

 

 

 

Internet Software & Ser vices—0.5%

   

j2 Global, Inc.

    94,200        6,674,070   
   

 

 

 

IT Services—1.1%

   

Jack Henry & Associates, Inc.

    186,150        12,957,901   
   

 

 

 

Leisure Products—1.2%

   

Polaris Industries, Inc.

    120,998        14,504,030   
   

 

 

 

Life Sciences Tools & Services—3.7%

   

Bio-Techne Corp.

    113,900        10,531,194   

ICON plc (a)

    383,587        27,223,169   

PAREXEL International Corp. (a)

    129,250        8,003,160   
   

 

 

 
      45,757,523   
   

 

 

 

Machinery—9.2%

   

CLARCOR, Inc.

    287,902        13,727,167   

Machinery—(Continued)

   

Donaldson Co., Inc.

    173,050      4,859,244   

Graco, Inc.

    72,850        4,883,136   

Middleby Corp. (The) (a)

    134,000        14,095,460   

Milacron Holdings Corp. (a)

    127,200        2,232,360   

Nordson Corp.

    159,362        10,030,244   

RBC Bearings, Inc. (a)

    96,350        5,754,986   

Tennant Co.

    107,678        6,049,350   

Toro Co. (The)

    168,200        11,864,828   

Valmont Industries, Inc.

    90,600        8,597,034   

Wabtec Corp.

    343,650        30,258,382   
   

 

 

 
      112,352,191   
   

 

 

 

Media—2.2%

   

Gray Television, Inc. (a)

    299,500        3,821,620   

Media General, Inc. (a)

    689,811        9,650,456   

Nexstar Broadcasting Group, Inc. - Class A

    279,500        13,234,325   
   

 

 

 
      26,706,401   
   

 

 

 

Metals & Mining—0.9%

   

Compass Minerals International, Inc.

    145,500        11,402,835   
   

 

 

 

Oil, Gas & Consumable Fuels—0.8%

   

Gulfport Energy Corp. (a)

    196,100        5,820,248   

Painted Pony Petroleum, Ltd. (a)

    95,400        390,321   

Painted Pony Petroleum, Ltd. (U.S. Listed Shares) (a)

    125,800        498,835   

Synergy Resources Corp. (a)

    310,350        3,041,430   
   

 

 

 
      9,750,834   
   

 

 

 

Paper & Forest Products—0.8%

   

Stella-Jones, Inc.

    293,350        9,458,861   
   

 

 

 

Pharmaceuticals—0.4%

   

Phibro Animal Health Corp. - Class A

    137,350        4,344,381   
   

 

 

 

Professional Services—1.0%

   

Exponent, Inc.

    285,656        12,728,831   
   

 

 

 

Real Estate Management & Development—0.0%

  

Altisource Asset Management Corp. (a)

    13,705        328,235   
   

 

 

 

Road & Rail—0.2%

   

Genesee & Wyoming, Inc. - Class A (a)

    43,300        2,558,164   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.0%

  

MKS Instruments, Inc.

    13,100        439,243   

Power Integrations, Inc.

    281,580        11,874,229   
   

 

 

 
      12,313,472   
   

 

 

 

Software—9.6%

   

Aspen Technology, Inc. (a)

    137,100        5,197,461   

Computer Modelling Group, Ltd.

    295,400        2,512,968   

Constellation Software, Inc.

    46,720        19,582,489   

Descartes Systems Group, Inc. (The) (a)

    258,800        4,578,172   

FactSet Research Systems, Inc.

    73,500        11,746,035   

 

MSF-165


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description       
Shares
    Value  

Software—(Continued)

   

Fair Isaac Corp.

    128,250      $ 10,837,125   

Manhattan Associates, Inc. (a)

    350,776        21,853,345   

Monotype Imaging Holdings, Inc.

    375,043        8,183,438   

NICE Systems, Ltd. (ADR)

    65,500        3,689,615   

Progress Software Corp. (a)

    88,800        2,293,704   

Qualys, Inc. (a)

    56,250        1,600,875   

Tyler Technologies, Inc. (a)

    164,400        24,546,564   
   

 

 

 
      116,621,791   
   

 

 

 

Specialty Retail—3.8%

   

Asbury Automotive Group, Inc. (a)

    70,700        5,737,305   

Hibbett Sports, Inc. (a)

    201,350        7,049,263   

Lithia Motors, Inc. - Class A

    59,550        6,437,951   

Monro Muffler Brake, Inc.

    59,450        4,015,848   

Sally Beauty Holdings, Inc. (a)

    325,050        7,719,937   

Tractor Supply Co.

    176,150        14,852,968   
   

 

 

 
      45,813,272   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.9%

  

Electronics For Imaging, Inc. (a)

    243,950        10,558,156   
   

 

 

 

Trading Companies & Distributors—1.4%

  

Applied Industrial Technologies, Inc.

    209,721        8,000,856   

Watsco, Inc.

    80,275        9,510,982   
   

 

 

 
      17,511,838   
   

 

 

 

Total Common Stocks
(Cost $872,564,827)

      1,202,449,286   
   

 

 

 
Short-Term Investment—1.5%   
Security Description   Principal
Amount*
    Value  

Repurchase Agreement—1.5%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $19,139,070 on 10/01/15, collateralized by $19,070,000 U.S. Treasury Note at 1.625% due 04/30/19 with a value of $19,522,913.

    19,139,070      19,139,070   
   

 

 

 

Total Short-Term Investments
(Cost $19,139,070)

      19,139,070   
   

 

 

 

Total Investments—100.1%
(Cost $891,703,897) (b)

      1,221,588,356   

Other assets and liabilities (net)—(0.1)%

      (1,789,279
   

 

 

 
Net Assets—100.0%     $ 1,219,799,077   
   

 

 

 

 

* Principal amount stated in U.S. dollars unless otherwise noted.
(a) Non-income producing security.
(b) As of September 30, 2015, the aggregate cost of investments was $891,703,897. The aggregate unrealized appreciation and depreciation of investments were $368,058,000 and $(38,173,541), respectively, resulting in net unrealized appreciation of $329,884,459.
(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-166


Table of Contents

Metropolitan Series Fund

Neuberger Berman Genesis Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  

Total Common Stocks*

   $ 1,192,990,425       $ 9,458,861       $ —         $ 1,202,449,286   

Total Short-Term Investment*

     —           19,139,070         —           19,139,070   

Total Investments

   $ 1,192,990,425       $ 28,597,931       $ —         $ 1,221,588,356   
                                     

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-167


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—93.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.4%

   

AAR Corp.

    16,635      $ 315,565   

Aerojet Rocketdyne Holdings, Inc. (a) (b)

    29,383        475,417   

Aerovironment, Inc. (a) (b)

    8,967        179,699   

American Science & Engineering, Inc. (b)

    3,412        121,331   

Astronics Corp. (a)

    9,277        375,069   

Cubic Corp.

    9,993        419,106   

Curtiss-Wright Corp.

    22,029        1,375,050   

DigitalGlobe, Inc. (a) (b)

    33,672        640,441   

Ducommun, Inc. (a)

    5,534        111,067   

Engility Holdings, Inc.

    8,737        225,240   

Esterline Technologies Corp. (a)

    14,168        1,018,537   

HEICO Corp. (b)

    9,014        440,604   

HEICO Corp. - Class A (b)

    19,195        871,645   

KEYW Holding Corp. (The) (a) (b)

    16,705        102,736   

KLX, Inc. (a)

    24,509        875,952   

Kratos Defense & Security Solutions, Inc. (a) (b)

    22,999        97,056   

Moog, Inc. - Class A (a)

    17,938        969,908   

National Presto Industries, Inc. (b)

    2,572        216,717   

Sparton Corp. (a)

    5,744        122,922   

TASER International, Inc. (a) (b)

    26,071        574,214   

Teledyne Technologies, Inc. (a)

    16,039        1,448,322   

Vectrus, Inc. (a)

    5,231        115,291   
   

 

 

 
      11,091,889   
   

 

 

 

Air Freight & Logistics—0.4%

   

Air Transport Services Group, Inc. (a)

    25,431        217,435   

Atlas Air Worldwide Holdings, Inc. (a)

    12,481        431,343   

Echo Global Logistics, Inc. (a)

    14,649        287,121   

Forward Air Corp.

    13,604        564,430   

HUB Group, Inc. - Class A (a)

    17,356        631,932   

Park-Ohio Holdings Corp.

    4,748        137,027   

UTi Worldwide, Inc. (a) (b)

    43,885        201,432   

XPO Logistics, Inc. (a) (b)

    33,146        789,869   
   

 

 

 
      3,260,589   
   

 

 

 

Airlines—0.4%

   

Allegiant Travel Co. (b)

    6,222        1,345,507   

Hawaiian Holdings, Inc. (a) (b)

    22,098        545,379   

Republic Airways Holdings, Inc. (a)

    25,131        145,257   

SkyWest, Inc.

    24,419        407,309   

Virgin America, Inc. (a) (b)

    11,940        408,706   
   

 

 

 
      2,852,158   
   

 

 

 

Auto Components—1.1%

   

American Axle & Manufacturing Holdings, Inc. (a)

    34,595        689,824   

Cooper Tire & Rubber Co.

    26,053        1,029,354   

Cooper-Standard Holding, Inc. (a) (b)

    6,881        399,098   

Dana Holding Corp. (b)

    75,676        1,201,735   

Dorman Products, Inc. (a) (b)

    12,774        650,069   

Drew Industries, Inc.

    11,598        633,367   

Federal-Mogul Holdings Corp. (a) (b)

    14,782        100,961   

Fox Factory Holding Corp. (a)

    8,514        143,546   

Gentherm, Inc. (a)

    17,276        776,038   

Auto Components—(Continued)

   

Metaldyne Performance Group, Inc.

    4,718      99,125   

Modine Manufacturing Co. (a)

    23,187        182,482   

Motorcar Parts of America, Inc. (a)

    8,000        250,720   

Remy International, Inc.

    13,745        402,041   

Standard Motor Products, Inc.

    9,638        336,173   

Stoneridge, Inc. (a)

    13,705        169,120   

Strattec Security Corp. (b)

    1,911        120,508   

Superior Industries International, Inc.

    12,615        235,648   

Tenneco, Inc. (a)

    27,562        1,233,951   

Tower International, Inc. (a)

    10,455        248,411   
   

 

 

 
      8,902,171   
   

 

 

 

Automobiles—0.0%

   

Winnebago Industries, Inc. (b)

    12,257        234,722   
   

 

 

 

Banks—8.7%

   

1st Source Corp.

    6,285        193,578   

American National Bankshares, Inc.

    4,311        101,093   

Ameris Bancorp

    13,498        388,068   

Ames National Corp. (b)

    4,647        106,556   

Arrow Financial Corp. (b)

    5,820        155,397   

Banc of California, Inc. (b)

    17,545        215,277   

Bancfirst Corp.

    3,589        226,466   

Banco Latinoamericano de Comercio Exterior S.A. - Class E (b)

    14,005        324,216   

Bancorp, Inc. (The) (a)

    16,557        126,164   

BancorpSouth, Inc.

    42,790        1,017,118   

Bank of Marin Bancorp

    3,199        153,520   

Bank of the Ozarks, Inc. (b)

    36,111        1,580,217   

Banner Corp.

    10,387        496,187   

BBCN Bancorp, Inc.

    36,725        551,609   

Berkshire Hills Bancorp, Inc.

    14,754        406,325   

Blue Hills Bancorp, Inc. (b)

    13,063        180,923   

BNC Bancorp

    13,407        298,038   

Boston Private Financial Holdings, Inc.

    40,232        470,714   

Bridge Bancorp, Inc. (b)

    6,098        162,878   

Bryn Mawr Bank Corp.

    8,151        253,252   

Camden National Corp. (b)

    3,953        159,701   

Capital Bank Financial Corp.
- Class A (a)

    11,460        346,436   

Cardinal Financial Corp.

    14,931        343,562   

Cathay General Bancorp

    37,025        1,109,269   

Centerstate Banks, Inc.

    21,605        317,594   

Central Pacific Financial Corp.

    10,976        230,167   

Chemical Financial Corp.

    16,215        524,555   

Citizens & Northern Corp. (b)

    6,716        131,096   

City Holding Co. (b)

    6,368        313,942   

CNB Financial Corp.

    6,782        123,229   

CoBiz Financial, Inc.

    17,832        231,994   

Columbia Banking System, Inc.

    26,670        832,371   

Community Bank System, Inc. (b)

    17,554        652,482   

Community Trust Bancorp, Inc.

    8,162        289,833   

ConnectOne Bancorp, Inc.

    12,322        237,815   

CU Bancorp (a) (b)

    8,163        183,341   

Customers Bancorp, Inc. (a)

    11,686        300,330   

CVB Financial Corp. (b)

    46,821        781,911   

Eagle Bancorp, Inc. (a) (b)

    14,470        658,385   

Enterprise Financial Services Corp.

    9,318        234,534   

 

MSF-168


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

   

Farmers Capital Bank Corp. (a)

    3,713      $ 92,268   

FCB Financial Holdings, Inc.
- Class A (a)

    13,180        429,932   

Fidelity Southern Corp.

    7,991        168,930   

Financial Institutions, Inc.

    6,461        160,104   

First Bancorp

    8,573        145,741   

First Bancorp/Puerto Rico (a) (b)

    55,535        197,705   

First Bancorp, Inc. (b)

    5,308        101,383   

First Busey Corp.

    12,259        243,586   

First Business Financial Services, Inc.

    4,182        98,361   

First Citizens BancShares, Inc. - Class A

    3,585        810,210   

First Commonwealth Financial Corp.

    41,887        380,753   

First Community Bancshares, Inc.

    8,470        151,613   

First Connecticut Bancorp, Inc.

    4,702        75,796   

First Financial Bancorp

    28,214        538,323   

First Financial Bankshares, Inc. (b)

    30,535        970,402   

First Financial Corp.

    6,038        195,329   

First Interstate BancSystem, Inc. - Class A

    9,233        257,047   

First Merchants Corp.

    18,171        476,444   

First Midwest Bancorp, Inc.

    35,959        630,721   

First NBC Bank Holding Co. (a)

    7,557        264,797   

First of Long Island Corp. (The) (b)

    5,032        136,015   

FirstMerit Corp.

    73,866        1,305,212   

Flushing Financial Corp.

    15,132        302,943   

FNB Corp.

    81,774        1,058,973   

Fulton Financial Corp.

    82,075        993,107   

German American Bancorp, Inc.

    6,759        197,836   

Glacier Bancorp, Inc.

    34,955        922,462   

Great Southern Bancorp, Inc.

    4,991        216,110   

Great Western Bancorp, Inc.

    19,405        492,305   

Guaranty Bancorp

    8,675        142,877   

Hancock Holding Co. (b)

    36,160        978,128   

Hanmi Financial Corp.

    15,681        395,161   

Heartland Financial USA, Inc.

    7,703        279,542   

Heritage Commerce Corp.

    10,489        118,945   

Heritage Financial Corp.

    12,896        242,703   

Heritage Oaks Bancorp

    11,367        90,481   

Hilltop Holdings, Inc. (a)

    34,119        675,897   

Home BancShares, Inc.

    26,645        1,079,122   

HomeTrust Bancshares, Inc. (a)

    10,270        190,509   

Horizon Bancorp

    5,200        123,500   

Iberiabank Corp.

    17,718        1,031,365   

Independent Bank Corp.

    11,863        175,098   

Independent Bank Corp./Rockland Trust

    11,835        545,593   

Independent Bank Group, Inc. (b)

    4,624        177,700   

International Bancshares Corp.

    23,686        592,861   

Investors Bancorp, Inc.

    161,358        1,991,158   

Lakeland Bancorp, Inc.

    17,320        192,425   

Lakeland Financial Corp.

    8,139        367,476   

LegacyTexas Financial Group, Inc.

    22,230        677,570   

MainSource Financial Group, Inc.

    10,246        208,609   

MB Financial, Inc.

    34,863        1,137,928   

Mercantile Bank Corp.

    8,647        179,685   

Metro Bancorp, Inc.

    5,691        167,258   

MidWestOne Financial Group, Inc.

    3,645        106,653   

National Bank Holdings Corp. - Class A

    17,203        353,178   

National Bankshares, Inc. (b)

    3,487        108,481   

National Penn Bancshares, Inc.

    65,334        767,674   

Banks—(Continued)

   

NBT Bancorp, Inc.

    20,117      541,952   

NewBridge Bancorp

    14,434        123,122   

OFG Bancorp

    19,884        173,587   

Old National Bancorp

    54,415        758,001   

Old Second Bancorp, Inc. (a)

    14,296        89,064   

Opus Bank

    5,056        193,341   

Pacific Continental Corp.

    10,841        144,294   

Pacific Premier Bancorp, Inc. (a)

    8,535        173,431   

Park National Corp. (b)

    5,773        520,840   

Park Sterling Corp.

    17,566        119,449   

Peapack Gladstone Financial Corp.

    6,672        141,246   

Penns Woods Bancorp, Inc. (b)

    2,408        98,535   

Peoples Bancorp, Inc.

    10,141        210,831   

Peoples Financial Services Corp. (b)

    2,513        87,779   

Pinnacle Financial Partners, Inc.

    16,556        818,032   

Preferred Bank

    4,218        133,289   

PrivateBancorp, Inc.

    36,432        1,396,439   

Prosperity Bancshares, Inc. (b)

    32,417        1,591,999   

QCR Holdings, Inc.

    5,811        127,087   

Renasant Corp.

    18,544        609,170   

Republic Bancorp, Inc. - Class A

    5,421        133,086   

S&T Bancorp, Inc.

    15,660        510,829   

Sandy Spring Bancorp, Inc. (b)

    10,233        267,900   

Seacoast Banking Corp. of Florida (a)

    10,342        151,821   

ServisFirst Bancshares, Inc. (b)

    10,517        436,771   

Sierra Bancorp

    5,841        93,222   

Simmons First National Corp. - Class A (b)

    13,943        668,288   

South State Corp.

    10,917        839,190   

Southside Bancshares, Inc.

    12,997        358,067   

Southwest Bancorp, Inc.

    6,035        99,034   

Square 1 Financial, Inc. - Class A (a) (b)

    8,107        208,147   

State Bank Financial Corp.

    16,379        338,718   

Sterling Bancorp

    57,424        853,895   

Stock Yards Bancorp, Inc. (b)

    7,089        257,685   

Stonegate Bank

    5,132        163,249   

Suffolk Bancorp

    6,378        174,247   

Sun Bancorp, Inc. (a)

    4,652        89,272   

Talmer Bancorp, Inc. - Class A

    20,702        344,688   

Texas Capital Bancshares, Inc. (a)

    20,536        1,076,497   

Tompkins Financial Corp. (b)

    7,424        396,145   

TowneBank

    19,403        365,747   

TriCo Bancshares

    11,155        274,078   

TriState Capital Holdings, Inc. (a) (b)

    11,422        142,432   

Triumph Bancorp, Inc. (a)

    7,480        125,664   

Trustmark Corp.

    30,283        701,657   

UMB Financial Corp. (b)

    17,961        912,598   

Umpqua Holdings Corp. (b)

    102,073        1,663,790   

Union Bankshares Corp.

    19,078        457,872   

United Bankshares, Inc. (b)

    32,641        1,240,032   

United Community Banks, Inc.

    24,926        509,487   

Univest Corp. of Pennsylvania

    9,559        183,724   

Valley National Bancorp (b)

    107,827        1,061,018   

Washington Trust Bancorp, Inc.

    7,713        296,565   

Webster Financial Corp.

    41,644        1,483,776   

WesBanco, Inc.

    17,978        565,408   

West Bancorp, Inc.

    8,036        150,675   

Westamerica Bancorp (b)

    12,513        556,078   

 

MSF-169


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Banks—(Continued)

   

Western Alliance Bancorp (a)

    39,388      $ 1,209,605   

Wilshire Bancorp, Inc. (b)

    33,080        347,671   

Wintrust Financial Corp.

    22,057        1,178,506   

Yadkin Financial Corp. (b)

    10,344        222,293   
   

 

 

 
      69,683,043   
   

 

 

 

Beverages—0.2%

   

Boston Beer Co., Inc. (The)
- Class A (a) (b)

    4,062        855,498   

Coca-Cola Bottling Co. Consolidated (b)

    2,376        459,471   

National Beverage Corp. (a) (b)

    4,708        144,677   
   

 

 

 
      1,459,646   
   

 

 

 

Biotechnology—5.7%

   

ACADIA Pharmaceuticals, Inc. (a) (b)

    36,940        1,221,606   

Acceleron Pharma, Inc. (a) (b)

    10,318        256,918   

Achillion Pharmaceuticals, Inc. (a) (b)

    56,103        387,672   

Acorda Therapeutics, Inc. (a) (b)

    20,455        542,262   

Advaxis, Inc. (a) (b)

    14,489        148,223   

Aegerion Pharmaceuticals, Inc. (a) (b)

    14,687        199,743   

Agenus, Inc. (a) (b)

    32,824        150,990   

Aimmune Therapeutics, Inc. (a)

    8,731        221,069   

Akebia Therapeutics, Inc. (a)

    12,500        120,750   

Alder Biopharmaceuticals, Inc. (a) (b)

    11,006        360,557   

AMAG Pharmaceuticals, Inc. (a) (b)

    16,034        637,031   

Amicus Therapeutics, Inc. (a) (b)

    54,026        755,824   

Anacor Pharmaceuticals, Inc. (a) (b)

    19,003        2,236,843   

Anthera Pharmaceuticals, Inc. (a)

    17,682        107,683   

Ardelyx, Inc. (a)

    8,277        143,027   

Arena Pharmaceuticals, Inc. (a) (b)

    114,310        218,332   

ARIAD Pharmaceuticals, Inc. (a) (b)

    81,659        476,889   

Array BioPharma, Inc. (a) (b)

    64,536        294,284   

Arrowhead Research Corp. (a) (b)

    25,887        149,109   

Atara Biotherapeutics, Inc. (a) (b)

    7,967        250,483   

BioCryst Pharmaceuticals, Inc. (a)

    34,840        397,176   

BioSpecifics Technologies Corp. (a)

    2,463        107,239   

Blueprint Medicines Corp. (a)

    5,831        124,434   

Cara Therapeutics, Inc. (a)

    8,290        118,464   

Catalyst Pharmaceuticals, Inc. (a) (b)

    37,037        111,111   

Celldex Therapeutics, Inc. (a) (b)

    47,742        503,201   

Cepheid, Inc. (a) (b)

    32,640        1,475,328   

Chimerix, Inc. (a) (b)

    21,221        810,642   

Clovis Oncology, Inc. (a)

    12,939        1,189,870   

Coherus Biosciences, Inc. (a) (b)

    11,228        225,009   

Concert Pharmaceuticals, Inc. (a)

    7,706        144,642   

CTI BioPharma Corp. (a) (b)

    82,130        119,910   

Curis, Inc. (a) (b)

    56,093        113,308   

Cytokinetics, Inc. (a)

    18,716        125,210   

Dyax Corp. (a)

    69,204        1,321,104   

Dynavax Technologies Corp. (a)

    15,974        392,002   

Eagle Pharmaceuticals, Inc. (a) (b)

    4,073        301,524   

Emergent Biosolutions, Inc. (a)

    13,410        382,051   

Enanta Pharmaceuticals, Inc. (a) (b)

    7,598        274,592   

Epizyme, Inc. (a) (b)

    13,833        177,892   

Esperion Therapeutics, Inc. (a) (b)

    6,166        145,456   

Exact Sciences Corp. (a) (b)

    43,408        780,910   

Exelixis, Inc. (a) (b)

    105,658        592,741   

Biotechnology—(Continued)

   

FibroGen, Inc. (a)

    22,468      492,499   

Five Prime Therapeutics, Inc. (a) (b)

    8,981        138,218   

Flexion Therapeutics, Inc. (a) (b)

    6,860        101,940   

Foundation Medicine, Inc. (a) (b)

    7,156        132,028   

Galena Biopharma, Inc. (a) (b)

    81,558        128,862   

Genomic Health, Inc. (a) (b)

    8,810        186,420   

Geron Corp. (a) (b)

    75,588        208,623   

Global Blood Therapeutics, Inc. (a)

    5,355        225,767   

Halozyme Therapeutics, Inc. (a) (b)

    51,119        686,528   

Heron Therapeutics, Inc. (a) (b)

    13,819        337,184   

Idera Pharmaceuticals, Inc. (a) (b)

    42,765        143,263   

Ignyta, Inc. (a) (b)

    9,090        79,810   

ImmunoGen, Inc. (a)

    39,160        375,936   

Infinity Pharmaceuticals, Inc. (a) (b)

    24,496        206,991   

Inovio Pharmaceuticals, Inc. (a) (b)

    36,297        209,797   

Insmed, Inc. (a)

    30,343        563,470   

Insys Therapeutics, Inc. (a) (b)

    11,118        316,418   

Ironwood Pharmaceuticals, Inc. (a) (b)

    58,760        612,279   

Karyopharm Therapeutics, Inc. (a) (b)

    11,019        116,030   

Keryx Biopharmaceuticals, Inc. (a) (b)

    50,118        176,415   

Kite Pharma, Inc. (a) (b)

    13,446        748,673   

KYTHERA Biopharmaceuticals, Inc. (a)

    12,020        901,260   

La Jolla Pharmaceutical Co. (a) (b)

    5,744        159,626   

Lexicon Pharmaceuticals, Inc. (a) (b)

    17,177        184,481   

Ligand Pharmaceuticals, Inc. (a) (b)

    8,179        700,531   

Lion Biotechnologies, Inc. (a) (b)

    25,388        146,235   

MacroGenics, Inc. (a) (b)

    14,803        317,080   

MannKind Corp. (a) (b)

    111,868        359,096   

Merrimack Pharmaceuticals, Inc. (a) (b)

    51,565        438,818   

MiMedx Group, Inc. (a) (b)

    49,469        477,376   

Mirati Therapeutics, Inc. (a)

    4,660        160,397   

Momenta Pharmaceuticals, Inc. (a) (b)

    26,806        439,887   

Myriad Genetics, Inc. (a) (b)

    32,284        1,210,004   

Navidea Biopharmaceuticals, Inc. (a) (b)

    76,361        174,103   

Neurocrine Biosciences, Inc. (a)

    39,063        1,554,317   

NewLink Genetics Corp. (a)

    8,942        320,481   

Northwest Biotherapeutics, Inc. (a) (b)

    18,629        116,431   

Novavax, Inc. (a) (b)

    123,176        870,854   

OncoMed Pharmaceuticals, Inc. (a) (b)

    6,539        108,482   

Oncothyreon, Inc. (a) (b)

    50,455        138,247   

Ophthotech Corp. (a) (b)

    11,108        450,096   

Orexigen Therapeutics, Inc. (a) (b)

    50,076        105,660   

Organovo Holdings, Inc. (a) (b)

    45,372        121,597   

Osiris Therapeutics, Inc. (a) (b)

    9,827        181,505   

Otonomy, Inc. (a) (b)

    7,267        129,425   

OvaScience, Inc. (a) (b)

    11,135        94,536   

PDL BioPharma, Inc. (b)

    77,531        389,981   

Peregrine Pharmaceuticals, Inc. (a) (b)

    101,493        103,523   

Pfenex, Inc. (a)

    8,039        120,665   

Portola Pharmaceuticals, Inc. (a)

    22,529        960,186   

Progenics Pharmaceuticals, Inc. (a) (b)

    32,263        184,544   

Prothena Corp. plc (a) (b)

    15,217        689,939   

PTC Therapeutics, Inc. (a) (b)

    15,786        421,486   

Radius Health, Inc. (a)

    15,372        1,065,433   

Raptor Pharmaceutical Corp. (a)

    39,815        240,881   

Regulus Therapeutics, Inc. (a) (b)

    14,017        91,671   

Repligen Corp. (a)

    15,913        443,177   

 

MSF-170


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Biotechnology—(Continued)

   

Retrophin, Inc. (a)

    16,403      $ 332,325   

Rigel Pharmaceuticals, Inc. (a) (b)

    44,752        110,537   

Sage Therapeutics, Inc. (a)

    6,488        274,572   

Sangamo Biosciences, Inc. (a) (b)

    31,616        178,314   

Sarepta Therapeutics, Inc. (a)

    19,766        634,686   

Seres Therapeutics, Inc. (a)

    7,174        212,637   

Sorrento Therapeutics, Inc. (a) (b)

    13,643        114,465   

Spark Therapeutics, Inc. (a) (b)

    3,405        142,091   

Spectrum Pharmaceuticals, Inc. (a) (b)

    30,932        184,973   

Synergy Pharmaceuticals, Inc. (a) (b)

    42,569        225,616   

TESARO, Inc. (a) (b)

    10,530        422,253   

TG Therapeutics, Inc. (a) (b)

    16,876        170,110   

Threshold Pharmaceuticals, Inc. (a) (b)

    32,178        130,965   

Trevena, Inc. (a)

    15,812        163,654   

Ultragenyx Pharmaceutical, Inc. (a)

    17,776        1,712,007   

Vanda Pharmaceuticals, Inc. (a) (b)

    20,273        228,679   

Versartis, Inc. (a) (b)

    10,994        126,761   

Xencor, Inc. (a) (b)

    13,567        165,924   

Zafgen, Inc. (a) (b)

    7,873        251,542   

ZIOPHARM Oncology, Inc. (a) (b)

    53,630        483,206   
   

 

 

 
      45,837,590   
   

 

 

 

Building Products—0.9%

   

AAON, Inc. (b)

    19,095        370,061   

Advanced Drainage Systems, Inc. (b)

    15,729        455,040   

American Woodmark Corp. (a)

    5,650        366,516   

Apogee Enterprises, Inc.

    13,684        610,991   

Builders FirstSource, Inc. (a) (b)

    21,876        277,388   

Continental Building Products, Inc. (a)

    14,810        304,197   

Gibraltar Industries, Inc. (a)

    14,856        272,608   

Griffon Corp. (b)

    14,438        227,687   

Insteel Industries, Inc.

    9,958        160,125   

Masonite International Corp. (a)

    14,468        876,471   

NCI Building Systems, Inc. (a)

    13,110        138,573   

Nortek, Inc. (a) (b)

    4,481        283,692   

Patrick Industries, Inc. (a)

    5,493        216,919   

PGT, Inc. (a)

    22,494        276,226   

Ply Gem Holdings, Inc. (a) (b)

    11,295        132,152   

Quanex Building Products Corp.

    17,697        321,554   

Simpson Manufacturing Co., Inc.

    18,335        614,039   

Trex Co., Inc. (a) (b)

    14,671        488,984   

Universal Forest Products, Inc.

    8,783        506,603   
   

 

 

 
      6,899,826   
   

 

 

 

Capital Markets—1.2%

   

Arlington Asset Investment Corp. - Class A (b)

    10,056        141,287   

BGC Partners, Inc. - Class A

    85,161        700,023   

Cohen & Steers, Inc.

    9,693        266,073   

Cowen Group, Inc. - Class A (a) (b)

    52,786        240,704   

Diamond Hill Investment Group, Inc. (b)

    1,546        287,618   

Evercore Partners, Inc. - Class A

    16,148        811,276   

Financial Engines, Inc. (b)

    24,757        729,589   

GAMCO Investors, Inc. - Class A

    3,184        174,802   

Greenhill & Co., Inc.

    13,790        392,601   

HFF, Inc. - Class A

    17,641        595,560   

Capital Markets—(Continued)

   

Houlihan Lokey, Inc. (a)

    9,662      210,632   

International FCStone, Inc. (a)

    7,668        189,323   

Investment Technology Group, Inc. (b)

    17,949        239,440   

Janus Capital Group, Inc. (b)

    67,429        917,034   

KCG Holdings, Inc. - Class A (a)

    16,434        180,281   

Ladenburg Thalmann Financial Services, Inc. (a) (b)

    51,479        108,621   

Moelis & Co. - Class A (b)

    8,425        221,241   

OM Asset Management plc (b)

    9,531        146,968   

Oppenheimer Holdings, Inc. - Class A

    5,749        115,037   

Piper Jaffray Cos. (a) (b)

    5,736        207,471   

Safeguard Scientifics, Inc. (a) (b)

    11,857        184,258   

Stifel Financial Corp. (a)

    31,775        1,337,727   

Virtu Financial, Inc. - Class A (b)

    7,059        161,792   

Virtus Investment Partners, Inc. (b)

    3,430        344,715   

Westwood Holdings Group, Inc.

    3,352        182,181   

WisdomTree Investments, Inc. (b)

    50,887        820,807   
   

 

 

 
      9,907,061   
   

 

 

 

Chemicals—1.6%

   

A. Schulman, Inc.

    12,946        420,357   

American Vanguard Corp. (b)

    14,887        172,094   

Axiall Corp.

    33,438        524,642   

Balchem Corp. (b)

    14,418        876,182   

Calgon Carbon Corp.

    26,333        410,268   

Chase Corp.

    3,533        139,165   

Chemtura Corp. (a)

    31,150        891,513   

Ferro Corp. (a)

    34,923        382,407   

Flotek Industries, Inc. (a) (b)

    26,380        440,546   

FutureFuel Corp.

    10,195        100,727   

Hawkins, Inc. (b)

    4,778        183,953   

HB Fuller Co.

    23,919        811,811   

Innophos Holdings, Inc.

    9,884        391,802   

Innospec, Inc. (b)

    11,303        525,702   

Intrepid Potash, Inc. (a) (b)

    26,794        148,439   

KMG Chemicals, Inc.

    5,294        102,121   

Koppers Holdings, Inc.

    10,265        207,045   

Kraton Performance Polymers, Inc. (a)

    16,524        295,779   

LSB Industries, Inc. (a)

    9,253        141,756   

Minerals Technologies, Inc.

    15,461        744,602   

Olin Corp. (b)

    33,675        566,077   

OM Group, Inc.

    13,515        444,508   

OMNOVA Solutions, Inc. (a)

    22,821        126,428   

PolyOne Corp. (b)

    40,607        1,191,409   

Quaker Chemical Corp.

    6,591        508,034   

Rayonier Advanced Materials, Inc

    19,176        117,357   

Senomyx, Inc. (a) (b)

    21,596        96,318   

Sensient Technologies Corp.

    21,287        1,304,893   

Stepan Co.

    9,701        403,659   

Trecora Resources (a)

    10,819        134,372   

Tredegar Corp.

    13,367        174,840   

Trinseo S.A. (a) (b)

    6,267        158,242   

Tronox, Ltd. - Class A (b)

    30,359        132,669   
   

 

 

 
      13,269,717   
   

 

 

 

 

MSF-171


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Commercial Services
& Supplies—2.0%

   

ABM Industries, Inc.

    25,134      $ 686,410   

ACCO Brands Corp. (a)

    52,031        367,859   

ARC Document Solutions, Inc. (a)

    20,330        120,964   

Brady Corp. - Class A (b)

    22,732        446,911   

Brink’s Co. (The)

    21,854        590,277   

Casella Waste Systems, Inc.
- Class A (a)

    20,153        116,887   

Ceco Environmental Corp.

    10,889        89,181   

Deluxe Corp. (b)

    22,477        1,252,868   

Ennis, Inc.

    14,123        245,175   

Essendant, Inc.

    16,899        548,035   

G&K Services, Inc. - Class A

    9,849        656,140   

Healthcare Services Group, Inc. (b)

    31,970        1,077,389   

Herman Miller, Inc.

    26,382        760,857   

HNI Corp. (b)

    20,250        868,725   

InnerWorkings, Inc. (a) (b)

    18,741        117,131   

Interface, Inc.

    31,333        703,113   

Kimball International, Inc. - Class B

    16,738        158,341   

Knoll, Inc.

    23,781        522,706   

Matthews International Corp. - Class A

    15,251        746,841   

McGrath RentCorp (b)

    13,375        356,979   

Mobile Mini, Inc.

    20,648        635,752   

MSA Safety, Inc.

    14,087        563,057   

Multi-Color Corp.

    6,168        471,790   

Quad/Graphics, Inc.

    13,076        158,220   

SP Plus Corp. (a)

    8,683        201,011   

Steelcase, Inc. - Class A

    38,729        713,001   

Team, Inc. (a)

    10,055        322,967   

Tetra Tech, Inc. (c)

    27,830        676,547   

TRC Cos., Inc. (a)

    8,816        104,293   

U.S. Ecology, Inc.

    10,067        439,425   

UniFirst Corp.

    7,187        767,643   

Viad Corp.

    8,637        250,387   

West Corp.

    24,184        541,722   
   

 

 

 
      16,278,604   
   

 

 

 

Communications Equipment—1.5%

   

ADTRAN, Inc.

    24,190        353,174   

Alliance Fiber Optic Products, Inc.

    6,973        119,169   

Applied Optoelectronics, Inc. (a)

    8,235        154,653   

Bel Fuse, Inc. - Class B

    5,239        101,846   

Black Box Corp.

    10,414        153,502   

CalAmp Corp. (a)

    19,380        311,824   

Calix, Inc. (a)

    19,494        151,858   

Ciena Corp. (a) (b)

    57,113        1,183,381   

Comtech Telecommunications Corp.

    8,068        166,281   

Digi International, Inc. (a)

    12,500        147,375   

Extreme Networks, Inc. (a)

    50,414        169,391   

Finisar Corp. (a) (b)

    50,382        560,752   

Harmonic, Inc. (a)

    42,437        246,135   

Infinera Corp. (a) (b)

    61,567        1,204,251   

InterDigital, Inc. (b)

    16,034        811,320   

Ixia (a)

    28,748        416,559   

NETGEAR, Inc. (a)

    14,558        424,657   

NetScout Systems, Inc. (a)

    42,528        1,504,215   

Oclaro, Inc. (a) (b)

    49,350        113,505   

Plantronics, Inc.

    15,860        806,481   

Communications Equipment—(Continued)

  

 

Polycom, Inc. (a)

    59,648      625,111   

Ruckus Wireless, Inc. (a) (b)

    32,295        383,665   

ShoreTel, Inc. (a)

    28,961        216,339   

Sonus Networks, Inc. (a) (b)

    24,015        137,366   

Ubiquiti Networks, Inc. (b)

    14,660        496,827   

ViaSat, Inc. (a) (b)

    19,916        1,280,400   
   

 

 

 
      12,240,037   
   

 

 

 

Construction & Engineering—0.7%

   

Aegion Corp. (a)

    17,495        288,318   

Argan, Inc.

    6,140        212,935   

Comfort Systems USA, Inc.

    16,197        441,530   

Dycom Industries, Inc. (a) (b)

    15,320        1,108,555   

EMCOR Group, Inc.

    28,642        1,267,409   

Furmanite Corp. (a)

    19,204        116,760   

Granite Construction, Inc.

    19,068        565,748   

Great Lakes Dredge & Dock Corp. (a)

    30,133        151,870   

MasTec, Inc. (a) (b)

    32,059        507,494   

MYR Group, Inc. (a)

    10,017        262,446   

Primoris Services Corp. (b)

    17,845        319,604   

Tutor Perini Corp. (a) (b)

    19,192        315,900   
   

 

 

 
      5,558,569   
   

 

 

 

Construction Materials—0.1%

   

Headwaters, Inc. (a)

    31,498        592,162   

Summit Materials, Inc. - Class A (a)

    13,440        252,269   

U.S. Concrete, Inc. (a) (b)

    7,217        344,901   
   

 

 

 
      1,189,332   
   

 

 

 

Consumer Finance—0.4%

   

Cash America International, Inc. (b)

    11,051        309,097   

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

    12,804        473,748   

Enova International, Inc. (a)

    12,812        130,939   

Ezcorp, Inc. - Class A (a) (b)

    25,213        155,564   

First Cash Financial Services, Inc. (a)

    12,552        502,833   

Green Dot Corp. - Class A (a) (b)

    21,594        380,055   

Nelnet, Inc. - Class A

    10,320        357,175   

PRA Group, Inc. (a) (b)

    22,334        1,181,915   

World Acceptance Corp. (a) (b)

    3,560        95,550   
   

 

 

 
      3,586,876   
   

 

 

 

Containers & Packaging—0.3%

   

AEP Industries, Inc. (a)

    1,974        113,169   

Berry Plastics Group, Inc. (a)

    55,200        1,659,864   

Greif, Inc. - Class A (b)

    14,378        458,802   

Myers Industries, Inc.

    13,337        178,716   
   

 

 

 
      2,410,551   
   

 

 

 

Distributors—0.3%

   

Core-Mark Holding Co., Inc. (b)

    11,438        748,617   

Pool Corp.

    20,211        1,461,255   
   

 

 

 
      2,209,872   
   

 

 

 

 

MSF-172


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Diversified Consumer Services—1.1%

   

2U, Inc. (a)

    11,421      $ 410,014   

American Public Education, Inc. (a) (b)

    8,921        209,198   

Apollo Education Group, Inc. (a)

    44,173        488,553   

Ascent Capital Group, Inc.
- Class A (a) (b)

    6,860        187,827   

Bright Horizons Family Solutions, Inc. (a)

    17,415        1,118,740   

Capella Education Co.

    5,633        278,946   

Career Education Corp. (a)

    35,115        132,032   

Carriage Services, Inc. (b)

    9,414        203,248   

Chegg, Inc. (a) (b)

    36,609        263,951   

DeVry Education Group, Inc. (b)

    29,702        808,191   

Grand Canyon Education, Inc. (a)

    22,843        867,806   

Houghton Mifflin Harcourt Co. (a)

    63,495        1,289,584   

K12, Inc. (a)

    17,337        215,672   

LifeLock, Inc. (a) (b)

    44,145        386,710   

Regis Corp. (a) (b)

    18,180        238,158   

Sotheby’s (b)

    27,780        888,404   

Steiner Leisure, Ltd. (a)

    5,716        361,137   

Strayer Education, Inc. (a) (b)

    5,524        303,654   
   

 

 

 
      8,651,825   
   

 

 

 

Diversified Financial Services—0.3%

   

FNFV Group (a) (b)

    37,452        438,937   

Gain Capital Holdings, Inc.

    12,111        88,168   

MarketAxess Holdings, Inc.

    16,887        1,568,465   

NewStar Financial, Inc. (a)

    11,916        97,711   

PICO Holdings, Inc. (a)

    12,147        117,583   

Tiptree Financial, Inc. - Class A

    14,518        92,915   
   

 

 

 
      2,403,779   
   

 

 

 

Diversified Telecommunication Services—0.7%

  

 

8x8, Inc. (a) (b)

    41,065        339,607   

Atlantic Tele-Network, Inc.

    4,754        351,463   

Cincinnati Bell, Inc. (a)

    97,588        304,474   

Cogent Communications Holdings,
Inc. (b)

    22,011        597,819   

Consolidated Communications Holdings, Inc. (b)

    24,229        466,893   

Fairpoint Communications, Inc. (a)

    11,602        178,787   

General Communication, Inc.
- Class A (a)

    16,537        285,429   

Globalstar, Inc. (a) (b)

    221,510        347,771   

Hawaiian Telcom Holdco, Inc. (a)

    6,401        133,013   

IDT Corp. - Class B

    8,438        120,663   

inContact, Inc. (a) (b)

    27,382        205,639   

Inteliquent, Inc.

    16,025        357,838   

Intelsat S.A. (a) (b)

    13,533        87,017   

Iridium Communications, Inc. (a) (b)

    38,356        235,889   

Lumos Networks Corp. (b)

    8,454        102,801   

ORBCOMM, Inc. (a) (b)

    27,147        151,480   

Pacific DataVision, Inc. (a) (b)

    6,964        208,224   

Premiere Global Services, Inc. (a)

    21,808        299,642   

Straight Path Communications, Inc. -Class B (a) (b)

    4,448        179,744   

Vonage Holdings Corp. (a)

    86,416        508,126   

Windstream Holdings, Inc. (b)

    47,088        289,120   
   

 

 

 
      5,751,439   
   

 

 

 

Electric Utilities—1.3%

   

ALLETE, Inc.

    23,439      1,183,435   

Cleco Corp.

    27,239        1,450,204   

El Paso Electric Co.

    18,779        691,443   

Empire District Electric Co. (The)

    20,148        443,861   

IDACORP, Inc. (b)

    22,725        1,470,535   

MGE Energy, Inc.

    16,879        695,246   

Otter Tail Corp. (b)

    18,873        491,830   

PNM Resources, Inc.

    36,801        1,032,268   

Portland General Electric Co.

    40,895        1,511,888   

UIL Holdings Corp.

    25,300        1,271,831   

Unitil Corp.

    7,429        273,982   
   

 

 

 
      10,516,523   
   

 

 

 

Electrical Equipment—0.6%

   

AZZ, Inc.

    12,522        609,696   

Encore Wire Corp. (b)

    10,537        344,244   

EnerSys

    20,139        1,079,048   

Franklin Electric Co., Inc. (b)

    23,378        636,583   

Generac Holdings, Inc. (a) (b)

    31,228        939,650   

General Cable Corp. (b)

    24,951        296,917   

LSI Industries, Inc.

    10,801        91,160   

Plug Power, Inc. (a) (b)

    84,766        155,122   

Powell Industries, Inc.

    4,404        132,560   

PowerSecure International, Inc. (a)

    11,742        135,268   

Thermon Group Holdings, Inc. (a)

    15,847        325,656   
   

 

 

 
      4,745,904   
   

 

 

 

Electronic Equipment, Instruments & Components—2.4%

  

Anixter International, Inc. (a)

    13,642        788,235   

AVX Corp.

    21,871        286,291   

Badger Meter, Inc. (b)

    6,820        395,969   

Belden, Inc.

    19,726        921,007   

Benchmark Electronics, Inc. (a)

    24,418        531,336   

Checkpoint Systems, Inc.

    21,005        152,286   

Coherent, Inc. (a)

    10,815        591,580   

CTS Corp. (b)

    15,701        290,626   

Daktronics, Inc. (b)

    18,513        160,508   

DTS, Inc. (a)

    9,298        248,257   

Fabrinet (a)

    17,507        320,903   

FARO Technologies, Inc. (a) (b)

    8,551        299,285   

FEI Co. (b)

    19,233        1,404,778   

GSI Group, Inc. (a)

    18,739        238,547   

II-VI, Inc. (a)

    22,096        355,304   

Insight Enterprises, Inc. (a) (c)

    19,337        499,861   

InvenSense, Inc. (a)

    34,992        325,076   

Itron, Inc. (a) (b)

    17,053        544,161   

Kimball Electronics, Inc. (a)

    14,109        168,320   

Knowles Corp. (a) (b)

    39,623        730,252   

Littelfuse, Inc.

    10,194        929,183   

Mercury Systems, Inc. (a)

    15,581        247,894   

Mesa Laboratories, Inc.

    1,474        164,204   

Methode Electronics, Inc.

    16,575        528,743   

MTS Systems Corp.

    7,482        449,743   

Newport Corp. (a)

    20,202        277,778   

OSI Systems, Inc. (a)

    9,211        708,879   

Park Electrochemical Corp.

    10,569        185,909   

 

MSF-173


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electronic Equipment, Instruments & Components—(Continued)

  

PC Connection, Inc.

    5,366      $ 111,237   

Plexus Corp. (a) (c)

    15,326        591,277   

RealD, Inc. (a) (b)

    18,684        179,553   

Rofin-Sinar Technologies, Inc. (a)

    13,337        345,828   

Rogers Corp. (a)

    8,965        476,759   

Sanmina Corp. (a)

    38,495        822,638   

ScanSource, Inc. (a)

    12,148        430,768   

SYNNEX Corp.

    13,395        1,139,379   

Tech Data Corp. (a)

    17,007        1,164,979   

TTM Technologies, Inc. (a) (b)

    26,923        167,730   

Universal Display Corp. (a)

    19,252        652,643   

Vishay Intertechnology, Inc. (b)

    63,046        610,916   
   

 

 

 
      19,438,622   
   

 

 

 

Energy Equipment & Services—0.9%

   

Atwood Oceanics, Inc. (b)

    30,196        447,203   

Bristow Group, Inc.

    17,044        445,871   

C&J Energy Services, Ltd. (a) (b)

    43,044        151,515   

CARBO Ceramics, Inc. (b)

    9,292        176,455   

Era Group, Inc. (a)

    10,332        154,670   

Exterran Holdings, Inc.

    32,296        581,328   

Forum Energy Technologies, Inc. (a)

    29,182        356,312   

Geospace Technologies Corp. (a) (b)

    6,866        94,819   

Helix Energy Solutions Group,
Inc. (a) (b)

    52,891        253,348   

Hornbeck Offshore Services, Inc. (a) (b)

    18,165        245,772   

Matrix Service Co. (a) (b)

    14,196        318,984   

McDermott International, Inc. (a) (b)

    116,414        500,580   

Natural Gas Services Group, Inc. (a)

    6,643        128,210   

Newpark Resources, Inc. (a)

    42,672        218,481   

Oil States International, Inc. (a)

    24,052        628,479   

Parker Drilling Co. (a) (b)

    61,149        160,822   

PHI, Inc. (a)

    6,426        121,323   

RigNet, Inc. (a) (b)

    7,930        202,215   

SEACOR Holdings, Inc. (a) (b)

    8,562        512,093   

Tesco Corp. (b)

    18,090        129,163   

TETRA Technologies, Inc. (a)

    39,068        230,892   

Tidewater, Inc. (b)

    22,085        290,197   

U.S. Silica Holdings, Inc. (b)

    26,394        371,892   

Unit Corp. (a) (b)

    23,609        265,837   
   

 

 

 
      6,986,461   
   

 

 

 

Food & Staples Retailing—0.9%

   

Andersons, Inc. (The)

    13,251        451,329   

Casey’s General Stores, Inc.

    17,736        1,825,389   

Chefs’ Warehouse, Inc. (The) (a) (b)

    8,577        121,450   

Fresh Market, Inc. (The) (a) (b)

    21,412        483,697   

Ingles Markets, Inc. - Class A

    6,173        295,255   

Natural Grocers by Vitamin Cottage, Inc. (a) (b)

    4,644        105,372   

Pricesmart, Inc. (b)

    9,262        716,323   

Smart & Final Stores, Inc. (a)

    12,072        189,651   

SpartanNash Co.

    16,917        437,304   

SUPERVALU, Inc. (a)

    122,481        879,414   

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

    22,511        1,092,009   

Weis Markets, Inc.

    6,205        259,059   
   

 

 

 
      6,856,252   
   

 

 

 

Food Products—1.6%

   

B&G Foods, Inc. (b)

    26,847      978,573   

Boulder Brands, Inc. (a) (b)

    27,376        224,209   

Cal-Maine Foods, Inc. (b)

    14,936        815,655   

Calavo Growers, Inc. (b)

    7,353        328,238   

Darling Ingredients, Inc. (a)

    73,666        828,006   

Dean Foods Co.

    44,397        733,438   

Diamond Foods, Inc. (a)

    11,938        368,407   

Farmer Bros Co. (a)

    3,967        108,101   

Fresh Del Monte Produce, Inc.

    15,644        618,094   

Freshpet, Inc. (a) (b)

    10,328        108,444   

J&J Snack Foods Corp.

    7,001        795,734   

John B Sanfilippo & Son, Inc.

    4,642        237,949   

Lancaster Colony Corp. (b)

    8,260        805,185   

Landec Corp. (a)

    14,010        163,497   

Limoneira Co. (b)

    4,954        82,880   

Omega Protein Corp. (a)

    11,349        192,592   

Post Holdings, Inc. (a) (b)

    28,462        1,682,104   

Sanderson Farms, Inc. (b)

    10,180        698,043   

Seaboard Corp. (a)

    116        357,164   

Seneca Foods Corp. - Class A (a)

    4,612        121,526   

Snyders-Lance, Inc. (b)

    22,934        773,564   

Tootsie Roll Industries, Inc. (b)

    9,118        285,302   

TreeHouse Foods, Inc. (a)

    19,516        1,518,150   
   

 

 

 
      12,824,855   
   

 

 

 

Gas Utilities—1.1%

   

Chesapeake Utilities Corp.

    6,975        370,233   

Laclede Group, Inc. (The) (b)

    19,321        1,053,574   

New Jersey Resources Corp.

    41,016        1,231,710   

Northwest Natural Gas Co. (b)

    13,257        607,701   

ONE Gas, Inc. (b)

    23,563        1,068,111   

Piedmont Natural Gas Co., Inc. (b)

    35,782        1,433,785   

South Jersey Industries, Inc.

    31,808        803,152   

Southwest Gas Corp.

    22,160        1,292,371   

WGL Holdings, Inc. (b)

    22,985        1,325,545   
   

 

 

 
      9,186,182   
   

 

 

 

Health Care Equipment & Supplies—3.5%

  

 

Abaxis, Inc. (b)

    11,146        490,313   

ABIOMED, Inc. (a) (b)

    19,803        1,836,926   

Accuray, Inc. (a)

    37,218        185,904   

Analogic Corp. (b)

    5,372        440,719   

AngioDynamics, Inc. (a)

    13,423        177,049   

Anika Therapeutics, Inc. (a)

    7,087        225,579   

Antares Pharma, Inc. (a) (b)

    77,224        131,281   

AtriCure, Inc. (a) (b)

    12,896        282,551   

Atrion Corp. (b)

    618        231,725   

Cantel Medical Corp.

    16,951        961,122   

Cardiovascular Systems, Inc. (a) (b)

    14,951        236,824   

Cerus Corp. (a) (b)

    58,685        266,430   

ConforMIS, Inc. (a)

    9,445        170,577   

CONMED Corp.

    12,540        598,660   

CryoLife, Inc.

    17,220        167,551   

Cutera, Inc. (a)

    7,303        95,523   

Cyberonics, Inc. (a)

    11,647        707,905   

Cynosure, Inc. - Class A (a)

    11,463        344,348   

 

MSF-174


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Health Care Equipment & Supplies—(Continued)

  

 

Endologix, Inc. (a) (b)

    32,408      $ 397,322   

Exactech, Inc. (a)

    5,386        93,878   

GenMark Diagnostics, Inc. (a) (b)

    19,362        152,379   

Globus Medical, Inc. - Class A (a) (b)

    32,393        669,239   

Greatbatch, Inc. (a) (b)

    12,931        729,567   

Haemonetics Corp. (a)

    24,041        777,005   

Halyard Health, Inc. (a)

    21,675        616,437   

HeartWare International, Inc. (a) (b)

    8,570        448,297   

ICU Medical, Inc. (a)

    6,398        700,581   

Inogen, Inc. (a)

    7,470        362,668   

Insulet Corp. (a) (b)

    27,643        716,230   

Integra LifeSciences Holdings Corp. (a)

    13,234        788,085   

Invacare Corp. (b)

    15,930        230,507   

InVivo Therapeutics Holdings
Corp. (a) (b)

    14,692        126,645   

K2M Group Holdings, Inc. (a)

    8,524        158,546   

LDR Holding Corp. (a)

    10,928        377,344   

Masimo Corp. (a)

    21,582        832,202   

Meridian Bioscience, Inc. (b)

    22,552        385,639   

Merit Medical Systems, Inc. (a)

    21,638        517,365   

Natus Medical, Inc. (a)

    16,472        649,820   

Neogen Corp. (a)

    17,828        802,082   

Nevro Corp. (a) (b)

    7,164        332,338   

NuVasive, Inc. (a)

    21,973        1,059,538   

NxStage Medical, Inc. (a)

    30,508        481,111   

OraSure Technologies, Inc. (a) (b)

    29,491        130,940   

Orthofix International NV (a)

    9,598        323,932   

Oxford Immunotec Global plc (a) (b)

    8,922        120,447   

Quidel Corp. (a) (b)

    13,903        262,489   

Rockwell Medical, Inc. (a) (b)

    22,438        172,997   

RTI Surgical, Inc. (a) (b)

    28,130        159,778   

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

    21,548        254,051   

STAAR Surgical Co. (a) (b)

    19,419        150,691   

STERIS Corp.

    28,118        1,826,826   

SurModics, Inc. (a)

    5,420        118,373   

Thoratec Corp. (a)

    24,776        1,567,330   

Utah Medical Products, Inc.

    2,002        107,848   

Vascular Solutions, Inc. (a)

    7,433        240,904   

West Pharmaceutical Services, Inc. (b)

    32,889        1,779,953   

Wright Medical Group NV (a)

    17,693        360,760   

Wright Medical Group, Inc. (a) (b)

    24,578        516,630   

Zeltiq Aesthetics, Inc. (a)

    14,709        471,129   
   

 

 

 
      28,520,890   
   

 

 

 

Health Care Providers & Services—2.7%

  

 

AAC Holdings, Inc. (a)

    4,189        93,205   

Aceto Corp.

    12,766        350,427   

Addus HomeCare Corp. (a)

    3,353        104,446   

Adeptus Health, Inc. - Class A (a) (b)

    2,999        242,199   

Air Methods Corp. (a) (b)

    18,730        638,506   

Almost Family, Inc. (a)

    4,667        186,913   

Amedisys, Inc. (a) (b)

    13,972        530,517   

AMN Healthcare Services, Inc. (a)

    23,983        719,730   

Amsurg Corp. (a)

    22,435        1,743,424   

BioTelemetry, Inc. (a)

    15,006        183,673   

Capital Senior Living Corp. (a)

    14,260        285,913   

Chemed Corp.

    7,941        1,059,885   

Health Care Providers & Services—(Continued)

  

 

Civitas Solutions, Inc. (a)

    6,456      147,972   

Corvel Corp. (a)

    5,325        171,998   

Cross Country Healthcare, Inc. (a)

    16,495        224,497   

Diplomat Pharmacy, Inc. (a) (b)

    17,028        489,214   

Ensign Group, Inc. (The)

    11,187        476,902   

ExamWorks Group, Inc. (a) (b)

    19,285        563,893   

Genesis Healthcare, Inc. (a)

    18,387        112,712   

Hanger, Inc. (a) (b)

    17,356        236,736   

HealthEquity, Inc. (a) (b)

    17,002        502,409   

HealthSouth Corp. (b)

    42,069        1,614,188   

Healthways, Inc. (a) (b)

    16,239        180,578   

IPC Healthcare, Inc. (a) (b)

    7,683        596,892   

Kindred Healthcare, Inc.

    38,603        607,997   

Landauer, Inc. (b)

    5,165        191,053   

LHC Group, Inc. (a)

    6,847        306,540   

Magellan Health, Inc. (a)

    12,415        688,163   

Molina Healthcare, Inc. (a)

    18,233        1,255,342   

National Healthcare Corp.

    5,246        319,429   

Owens & Minor, Inc. (b)

    28,845        921,309   

PharMerica Corp. (a)

    13,843        394,110   

Providence Service Corp. (The) (a)

    6,975        303,971   

RadNet, Inc. (a) (b)

    17,918        99,445   

Select Medical Holdings Corp.

    48,954        528,214   

Surgical Care Affiliates, Inc. (a)

    10,168        332,392   

Team Health Holdings, Inc. (a)

    33,000        1,782,990   

Teladoc, Inc. (a)

    8,519        189,889   

Triple-S Management Corp. - Class B (a)

    12,074        215,038   

U.S. Physical Therapy, Inc.

    6,011        269,834   

Universal American Corp. (a) (b)

    20,509        140,282   

WellCare Health Plans, Inc. (a) (b)

    20,280        1,747,730   
   

 

 

 
      21,750,557   
   

 

 

 

Health Care Technology—0.5%

   

Computer Programs & Systems, Inc. (b)

    5,856        246,713   

Evolent Health, Inc. - Class A (a)

    11,694        186,636   

HealthStream, Inc. (a)

    12,016        262,069   

HMS Holdings Corp. (a)

    44,959        394,290   

MedAssets, Inc. (a)

    27,335        548,340   

Medidata Solutions, Inc. (a)

    25,035        1,054,224   

Merge Healthcare, Inc. (a)

    38,387        272,548   

Omnicell, Inc. (a)

    16,403        510,133   

Press Ganey Holdings, Inc. (a)

    6,250        184,938   

Quality Systems, Inc. (b)

    24,814        309,679   

Vocera Communications, Inc. (a)

    11,244        128,294   
   

 

 

 
      4,097,864   
   

 

 

 

Hotels, Restaurants & Leisure—3.3%

   

Belmond, Ltd. - Class A (a)

    45,218        457,154   

Biglari Holdings, Inc. (a)

    871        318,560   

BJ’s Restaurants, Inc. (a) (b)

    10,878        468,080   

Bloomin’ Brands, Inc.

    57,635        1,047,804   

Bob Evans Farms, Inc. (b)

    10,847        470,217   

Boyd Gaming Corp. (a) (b)

    36,081        588,120   

Buffalo Wild Wings, Inc. (a)

    8,659        1,674,917   

Caesars Acquisition Co. - Class A (a)

    23,146        164,337   

Caesars Entertainment Corp. (a) (b)

    25,824        152,103   

 

MSF-175


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Hotels, Restaurants & Leisure—(Continued)

  

 

Carrols Restaurant Group, Inc. (a)

    17,458      $ 207,750   

Cheesecake Factory, Inc. (The) (b)

    22,672        1,223,381   

Churchill Downs, Inc.

    5,964        798,043   

Chuy’s Holdings, Inc. (a)

    8,272        234,925   

ClubCorp Holdings, Inc.

    20,723        444,716   

Cracker Barrel Old Country Store,
Inc. (b)

    9,084        1,337,891   

Dave & Buster’s Entertainment, Inc. (a)

    10,814        409,094   

Del Frisco’s Restaurant Group, Inc. (a)

    12,052        167,402   

Denny’s Corp. (a)

    39,857        439,623   

Diamond Resorts International,
Inc. (a) (b)

    19,545        457,158   

DineEquity, Inc.

    7,910        725,031   

Eldorado Resorts, Inc. (a)

    14,157        127,696   

Fiesta Restaurant Group, Inc. (a) (b)

    13,371        606,642   

Habit Restaurants, Inc. (The)
- Class A (a) (b)

    5,649        120,945   

International Speedway Corp. - Class A

    12,935        410,298   

Interval Leisure Group, Inc. (b)

    19,771        362,996   

Isle of Capri Casinos, Inc. (a)

    12,013        209,507   

Jack in the Box, Inc.

    17,122        1,319,079   

Jamba, Inc. (a) (b)

    9,661        137,669   

Krispy Kreme Doughnuts, Inc. (a)

    33,031        483,244   

La Quinta Holdings, Inc. (a)

    43,635        688,560   

Marcus Corp. (The)

    9,550        184,697   

Marriott Vacations Worldwide Corp.

    12,016        818,770   

Papa John’s International, Inc. (b)

    13,488        923,658   

Penn National Gaming, Inc. (a) (b)

    39,538        663,448   

Pinnacle Entertainment, Inc. (a)

    27,177        919,670   

Planet Fitness, Inc. - Class A (a)

    12,117        207,685   

Popeyes Louisiana Kitchen, Inc. (a)

    10,245        577,408   

Potbelly Corp. (a)

    8,334        91,757   

Red Robin Gourmet Burgers, Inc. (a)

    6,216        470,800   

Ruby Tuesday, Inc. (a)

    30,240        187,790   

Ruth’s Hospitality Group, Inc.

    17,912        290,891   

Scientific Games Corp. - Class A (a) (b)

    23,377        244,290   

SeaWorld Entertainment, Inc. (b)

    32,101        571,719   

Shake Shack, Inc. - Class A (a) (b)

    2,909        137,887   

Sonic Corp. (b)

    24,157        554,403   

Speedway Motorsports, Inc.

    7,078        127,758   

Texas Roadhouse, Inc. (b)

    31,432        1,169,270   

Vail Resorts, Inc.

    16,836        1,762,392   

Zoe’s Kitchen, Inc. (a) (b)

    9,191        362,953   
   

 

 

 
      26,520,188   
   

 

 

 

Household Durables—1.3%

   

Bassett Furniture Industries, Inc.

    5,374        149,666   

Beazer Homes USA, Inc. (a)

    13,700        182,621   

Cavco Industries, Inc. (a)

    4,452        303,137   

Century Communities, Inc. (a)

    7,561        150,086   

CSS Industries, Inc.

    4,201        110,654   

Ethan Allen Interiors, Inc. (b)

    12,159        321,119   

Green Brick Partners, Inc. (a)

    12,016        130,133   

Helen of Troy, Ltd. (a) (b)

    12,978        1,158,935   

Hooker Furniture Corp.

    5,444        128,152   

Hovnanian Enterprises, Inc.
- Class A (a) (b)

    60,910        107,811   

Installed Building Products, Inc. (a)

    9,469        239,376   

iRobot Corp. (a) (b)

    14,746        429,699   

Household Durables—(Continued)

   

KB Home (b)

    37,768      511,756   

La-Z-Boy, Inc.

    22,985        610,482   

LGI Homes, Inc. (a) (b)

    8,210        223,230   

Libbey, Inc.

    10,247        334,155   

M/I Homes, Inc. (a)

    12,868        303,427   

MDC Holdings, Inc. (b)

    19,869        520,170   

Meritage Homes Corp. (a)

    17,972        656,338   

NACCO Industries, Inc. - Class A

    2,380        113,169   

Ryland Group, Inc. (The) (b)

    21,072        860,370   

Standard Pacific Corp. (a) (b)

    68,660        549,280   

Taylor Morrison Home Corp.
- Class A (a) (b)

    15,532        289,827   

TRI Pointe Group, Inc. (a)

    72,675        951,316   

Universal Electronics, Inc. (a)

    7,461        313,586   

WCI Communities, Inc. (a)

    6,498        147,050   

William Lyon Homes - Class A (a) (b)

    9,057        186,574   

ZAGG, Inc. (a)

    15,041        102,128   
   

 

 

 
      10,084,247   
   

 

 

 

Household Products—0.2%

   

Central Garden & Pet Co. - Class A (a)

    20,661        332,849   

HRG Group, Inc. (a) (b)

    34,547        405,236   

Orchids Paper Products Co. (b)

    5,348        139,583   

WD-40 Co. (b)

    6,750        601,222   
   

 

 

 
      1,478,890   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.5%

  

Abengoa Yield plc (b)

    22,721        376,033   

Atlantic Power Corp. (b)

    57,898        107,690   

Dynegy, Inc. (a) (b)

    59,317        1,226,082   

NRG Yield, Inc. - Class A (b)

    16,087        179,370   

NRG Yield, Inc. - Class C (b)

    29,107        337,932   

Ormat Technologies, Inc. (b)

    16,649        566,566   

Pattern Energy Group, Inc. (b)

    23,960        457,396   

Talen Energy Corp. (a)

    38,673        390,597   

TerraForm Global, Inc. - Class A (a)

    32,539        216,710   

Vivint Solar, Inc. (a) (b)

    12,006        125,823   
   

 

 

 
      3,984,199   
   

 

 

 

Industrial Conglomerates—0.0%

   

Raven Industries, Inc. (b)

    18,658        316,253   
   

 

 

 

Insurance—2.4%

   

Ambac Financial Group, Inc. (a)

    22,444        324,765   

American Equity Investment Life Holding Co. (b)

    37,681        878,344   

AMERISAFE, Inc.

    9,298        462,390   

Argo Group International Holdings, Ltd.

    12,120        685,871   

Atlas Financial Holdings, Inc. (a)

    5,024        92,944   

Baldwin & Lyons, Inc. - Class B

    4,133        89,686   

Citizens, Inc. (a) (b)

    22,172        164,516   

CNO Financial Group, Inc. (b)

    91,193        1,715,340   

eHealth, Inc. (a) (b)

    9,228        118,211   

EMC Insurance Group, Inc.

    3,800        88,198   

Employers Holdings, Inc.

    12,679        282,615   

Enstar Group, Ltd. (a)

    4,185        627,750   

 

MSF-176


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Insurance—(Continued)

   

FBL Financial Group, Inc. - Class A

    4,790      $ 294,681   

Federated National Holding Co.

    5,884        141,334   

Fidelity & Guaranty Life

    4,816        118,185   

First American Financial Corp. (b)

    49,604        1,938,028   

Global Indemnity plc (a)

    3,335        87,277   

Greenlight Capital Re, Ltd. - Class A (a)

    13,998        311,875   

HCI Group, Inc. (b)

    3,085        119,605   

Heritage Insurance Holdings, Inc. (a)

    11,792        232,656   

Horace Mann Educators Corp.

    17,577        583,908   

Infinity Property & Casualty Corp.

    5,597        450,782   

James River Group Holdings, Ltd.

    4,499        120,978   

Kemper Corp.

    20,321        718,754   

Maiden Holdings, Ltd. (b)

    21,117        293,104   

MBIA, Inc. (a) (b)

    59,378        361,018   

National General Holdings Corp.

    18,792        362,498   

National Interstate Corp.

    3,534        94,287   

National Western Life Insurance Co. - Class A

    1,054        234,726   

Navigators Group, Inc. (The) (a)

    5,301        413,372   

OneBeacon Insurance Group, Ltd. - Class A

    11,496        161,404   

Primerica, Inc. (b)

    23,745        1,070,187   

RLI Corp. (b)

    19,966        1,068,780   

Safety Insurance Group, Inc.

    6,815        369,032   

Selective Insurance Group, Inc.

    25,443        790,260   

State Auto Financial Corp. (b)

    7,940        181,111   

State National Cos., Inc. (b)

    15,205        142,167   

Stewart Information Services Corp.

    11,286        461,710   

Symetra Financial Corp.

    33,364        1,055,637   

Third Point Reinsurance, Ltd. (a) (b)

    39,485        531,073   

United Fire Group, Inc.

    9,732        341,107   

United Insurance Holdings Corp. (b)

    8,654        113,800   

Universal Insurance Holdings, Inc. (b)

    16,046        473,999   
   

 

 

 
      19,167,965   
   

 

 

 

Internet & Catalog Retail—0.7%

   

1-800-Flowers.com, Inc. - Class A (a) (b)

    13,348        121,467   

Blue Nile, Inc. (a) (b)

    6,605        221,532   

Etsy, Inc. (a) (b)

    12,070        165,238   

FTD Cos., Inc. (a)

    9,600        286,080   

HSN, Inc.

    14,732        843,260   

Lands’ End, Inc. (a) (b)

    8,472        228,829   

Liberty TripAdvisor Holdings, Inc. - Class A (a)

    34,803        771,582   

Nutrisystem, Inc.

    14,262        378,228   

Overstock.com, Inc. (a)

    6,447        110,630   

PetMed Express, Inc. (b)

    11,281        181,624   

Shutterfly, Inc. (a) (b)

    17,108        611,611   

Travelport Worldwide, Ltd.

    49,436        653,544   

Wayfair, Inc. - Class A (a) (b)

    9,556        335,033   

zulily, Inc. - Class A (a)

    31,059        540,427   
   

 

 

 
      5,449,085   
   

 

 

 

Internet Software & Services—2.4%

   

Actua Corp. (a)

    20,148        236,940   

Angie’s List, Inc. (a) (b)

    21,237        107,034   

Bankrate, Inc. (a)

    31,827        329,409   

Internet Software & Services—(Continued)

  

 

Bazaarvoice, Inc. (a) (b)

    25,119      113,287   

Benefitfocus, Inc. (a) (b)

    3,815        119,219   

Blucora, Inc. (a)

    20,338        280,054   

Carbonite, Inc. (a)

    9,013        100,315   

ChannelAdvisor Corp. (a) (b)

    10,403        103,406   

Cimpress NV (a) (b)

    15,212        1,157,785   

comScore, Inc. (a) (b)

    16,327        753,491   

Constant Contact, Inc. (a)

    15,503        375,793   

Cornerstone OnDemand, Inc. (a) (b)

    26,060        859,980   

Coupons.com, Inc. (a) (b)

    29,125        262,125   

Cvent, Inc. (a)

    11,076        372,818   

Dealertrack Technologies, Inc. (a) (b)

    24,713        1,560,873   

Demandware, Inc. (a) (b)

    15,487        800,368   

DHI Group, Inc. (a)

    16,579        121,192   

EarthLink Holdings Corp.

    48,787        379,563   

Endurance International Group Holdings, Inc. (a) (b)

    27,384        365,850   

Envestnet, Inc. (a) (b)

    16,750        501,998   

Everyday Health, Inc. (a) (b)

    10,524        96,189   

Gogo, Inc. (a) (b)

    27,419        418,962   

GrubHub, Inc. (a) (b)

    34,851        848,273   

GTT Communications, Inc. (a)

    11,597        269,746   

Internap Corp. (a) (b)

    29,790        182,613   

IntraLinks Holdings, Inc. (a)

    20,583        170,633   

j2 Global, Inc. (b)

    21,621        1,531,848   

LivePerson, Inc. (a)

    29,330        221,735   

LogMeIn, Inc. (a) (b)

    11,323        771,776   

Marketo, Inc. (a) (b)

    16,297        463,161   

Millennial Media, Inc. (a)

    60,003        105,005   

Monster Worldwide, Inc. (a) (b)

    43,593        279,867   

New Relic, Inc. (a) (b)

    2,943        112,158   

NIC, Inc.

    28,494        504,629   

OPOWER, Inc. (a) (b)

    12,724        113,371   

Q2 Holdings, Inc. (a)

    9,262        228,957   

QuinStreet, Inc. (a)

    18,435        102,314   

Reis, Inc.

    4,338        98,256   

RetailMeNot, Inc. (a)

    18,130        149,391   

SciQuest, Inc. (a)

    15,491        154,910   

Shutterstock, Inc. (a) (b)

    9,230        279,115   

SPS Commerce, Inc. (a)

    7,550        512,569   

Stamps.com, Inc. (a)

    6,857        507,487   

Textura Corp. (a)

    9,452        244,240   

TrueCar, Inc. (a) (b)

    23,179        120,763   

Web.com Group, Inc. (a)

    20,520        432,562   

WebMD Health Corp. (a) (b)

    16,886        672,738   

Wix.com, Ltd. (a) (b)

    8,981        156,449   

XO Group, Inc. (a)

    10,743        151,799   

Xoom Corp. (a)

    15,422        383,699   
   

 

 

 
      19,186,715   
   

 

 

 

IT Services—2.3%

   

Acxiom Corp. (a)

    37,591        742,798   

Blackhawk Network Holdings, Inc. (a)

    24,769        1,049,958   

CACI International, Inc. - Class A (a) (c)

    10,745        794,808   

Cardtronics, Inc. (a) (b)

    20,736        678,067   

Cass Information Systems, Inc. (b)

    5,928        291,243   

 

MSF-177


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

IT Services—(Continued)

   

CIBER, Inc. (a)

    39,379      $ 125,225   

Convergys Corp. (b)

    44,584        1,030,336   

CSG Systems International, Inc. (b)

    15,258        469,946   

EPAM Systems, Inc. (a)

    22,632        1,686,537   

Euronet Worldwide, Inc. (a)

    23,694        1,755,488   

Everi Holdings, Inc. (a) (b)

    31,970        164,006   

EVERTEC, Inc.

    27,714        500,792   

ExlService Holdings, Inc. (a)

    16,429        606,723   

Forrester Research, Inc.

    5,782        181,786   

Hackett Group, Inc. (The)

    13,330        183,288   

Heartland Payment Systems, Inc.

    16,075        1,012,886   

Lionbridge Technologies, Inc. (a)

    31,361        154,923   

Luxoft Holding, Inc. (a)

    8,590        543,661   

ManTech International Corp. - Class A

    12,440        319,708   

MAXIMUS, Inc.

    30,487        1,815,806   

MoneyGram International, Inc. (a)

    11,813        94,740   

NeuStar, Inc. - Class A (a) (b)

    26,451        719,732   

Perficient, Inc. (a)

    17,369        268,004   

Science Applications International Corp.

    21,353        858,604   

ServiceSource International, Inc. (a) (b)

    29,419        117,676   

Sykes Enterprises, Inc. (a)

    16,957        432,403   

Syntel, Inc. (a)

    13,894        629,537   

TeleTech Holdings, Inc.

    7,377        197,630   

Unisys Corp. (a) (b)

    26,228        312,113   

Virtusa Corp. (a)

    13,325        683,706   
   

 

 

 
      18,422,130   
   

 

 

 

Leisure Products—0.3%

   

Arctic Cat, Inc. (b)

    6,783        150,447   

Callaway Golf Co.

    37,265        311,163   

Malibu Boats, Inc. - Class A (a)

    8,768        122,576   

Nautilus, Inc. (a)

    16,328        244,920   

Performance Sports Group, Ltd. (a)

    23,135        310,472   

Smith & Wesson Holding Corp. (a)

    25,637        432,496   

Sturm Ruger & Co., Inc.

    8,538        501,095   
   

 

 

 
      2,073,169   
   

 

 

 

Life Sciences Tools & Services—0.5%

   

Accelerate Diagnostics, Inc. (a) (b)

    11,348        183,611   

Affymetrix, Inc. (a) (b) (c)

    38,409        328,013   

Albany Molecular Research, Inc. (a) (b)

    12,484        217,471   

Cambrex Corp. (a) (b)

    15,180        602,343   

Fluidigm Corp. (a) (b)

    13,200        107,052   

INC Research Holdings, Inc.
- Class A (a)

    6,230        249,200   

Luminex Corp. (a) (b)

    18,464        312,226   

NanoString Technologies, Inc. (a) (b)

    7,017        112,272   

NeoGenomics, Inc. (a)

    26,497        151,828   

Pacific Biosciences of California,
Inc. (a) (b)

    27,011        98,860   

PAREXEL International Corp. (a) (b)

    25,560        1,582,675   

PRA Health Sciences, Inc. (a) (b)

    9,267        359,838   

Sequenom, Inc. (a) (b)

    58,571        102,499   
   

 

 

 
      4,407,888   
   

 

 

 

Machinery—2.4%

   

Actuant Corp. - Class A

    26,231        482,388   

Alamo Group, Inc.

    4,629        216,406   

Machinery—(Continued)

   

Albany International Corp. - Class A (b)

    14,147      404,746   

Altra Industrial Motion Corp. (b)

    13,385        309,461   

American Railcar Industries, Inc. (b)

    4,708        170,241   

Astec Industries, Inc.

    9,004        301,724   

Barnes Group, Inc.

    24,622        887,623   

Blount International, Inc. (a) (b)

    23,822        132,689   

Briggs & Stratton Corp. (b)

    23,052        445,134   

Chart Industries, Inc. (a) (b)

    15,307        294,047   

CIRCOR International, Inc.

    8,835        354,460   

CLARCOR, Inc.

    23,140        1,103,315   

Columbus McKinnon Corp.

    10,074        182,944   

Douglas Dynamics, Inc. (b)

    9,877        196,157   

EnPro Industries, Inc.

    11,493        450,181   

ESCO Technologies, Inc.

    11,262        404,306   

Federal Signal Corp.

    29,548        405,103   

FreightCar America, Inc.

    7,047        120,927   

Global Brass & Copper Holdings, Inc.

    11,099        227,640   

Gorman-Rupp Co. (The) (b)

    10,331        247,634   

Greenbrier Cos., Inc. (The) (b)

    11,519        369,875   

Harsco Corp.

    37,700        341,939   

Hillenbrand, Inc.

    31,050        807,611   

Hyster-Yale Materials Handling, Inc.

    4,976        287,762   

John Bean Technologies Corp.

    12,618        482,639   

Kadant, Inc.

    5,766        224,932   

Lindsay Corp. (b)

    5,740        389,115   

Lydall, Inc. (a)

    9,530        271,510   

Meritor, Inc. (a)

    43,321        460,502   

Milacron Holdings Corp. (a)

    11,684        205,054   

Miller Industries, Inc.

    5,680        110,987   

Mueller Industries, Inc.

    25,607        757,455   

Mueller Water Products, Inc. - Class A

    70,313        538,598   

Navistar International Corp. (a) (b)

    23,914        304,186   

NN, Inc. (b)

    12,696        234,876   

Proto Labs, Inc. (a) (b)

    11,113        744,571   

RBC Bearings, Inc. (a) (b)

    10,876        649,623   

Rexnord Corp. (a)

    47,178        801,082   

Standex International Corp.

    6,262        471,842   

Sun Hydraulics Corp.

    10,558        290,028   

Tennant Co.

    8,929        501,631   

Titan International, Inc.

    21,944        145,050   

TriMas Corp. (a)

    22,514        368,104   

Wabash National Corp. (a) (b)

    32,109        340,034   

Watts Water Technologies, Inc. - Class A

    13,118        692,893   

Woodward, Inc.

    30,225        1,230,157   
   

 

 

 
      19,359,182   
   

 

 

 

Marine—0.1%

   

Matson, Inc.

    19,132        736,391   

Navios Maritime Holdings, Inc. (b)

    40,671        101,271   

Scorpio Bulkers, Inc. (a) (b)

    150,961        220,403   
   

 

 

 
      1,058,065   
   

 

 

 

Media—1.4%

   

AMC Entertainment Holdings, Inc. - Class A

    9,526        239,960   

Carmike Cinemas, Inc. (a)

    12,031        241,703   

Crown Media Holdings, Inc. - Class A (a)

    18,015        96,380   

 

MSF-178


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Media—(Continued)

   

Daily Journal Corp. (a) (b)

    598      $ 111,348   

DreamWorks Animation SKG, Inc. - Class A (a) (b)

    35,402        617,765   

Entercom Communications Corp. - Class A (a) (b)

    14,538        147,706   

Entravision Communications Corp. - Class A

    29,645        196,843   

Eros International plc (a) (b)

    13,360        363,258   

EW Scripps Co. (The) - Class A

    25,704        454,190   

Global Eagle Entertainment, Inc. (a) (b)

    19,718        226,363   

Gray Television, Inc. (a)

    30,714        391,911   

IMAX Corp. (a) (b)

    28,090        949,161   

Loral Space & Communications, Inc. (a)

    6,669        313,976   

Martha Stewart Living Omnimedia, Inc. - Class A (a)

    16,064        95,741   

MDC Partners, Inc. - Class A

    19,973        368,102   

Media General, Inc. (a) (b)

    44,825        627,102   

Meredith Corp.

    16,258        692,266   

National CineMedia, Inc.

    31,052        416,718   

New Media Investment Group, Inc. (b)

    22,310        344,913   

New York Times Co. (The) - Class A (b)

    61,504        726,362   

Nexstar Broadcasting Group, Inc. - Class A

    14,830        702,200   

Reading International, Inc. - Class A (a)

    8,504        107,746   

Rentrak Corp. (a) (b)

    6,007        324,798   

Scholastic Corp. (b)

    11,930        464,793   

Sinclair Broadcast Group, Inc.
- Class A (b)

    30,881        781,907   

Time, Inc. (b)

    50,164        955,624   

Tribune Publishing Co.

    14,706        115,295   

World Wrestling Entertainment, Inc. - Class A (b)

    14,120        238,628   
   

 

 

 
      11,312,759   
   

 

 

 

Metals & Mining—0.7%

   

AK Steel Holding Corp. (a) (b)

    84,412        203,433   

Carpenter Technology Corp. (b)

    23,384        696,142   

Century Aluminum Co. (a) (b)

    23,547        108,316   

Cliffs Natural Resources, Inc. (b)

    72,553        177,029   

Coeur Mining, Inc. (a) (b)

    64,923        183,083   

Commercial Metals Co. (b)

    52,948        717,445   

Globe Specialty Metals, Inc.

    31,634        383,720   

Haynes International, Inc.

    6,653        251,750   

Hecla Mining Co. (b)

    174,328        343,426   

Horsehead Holding Corp. (a) (b)

    27,082        82,329   

Kaiser Aluminum Corp. (b)

    7,976        640,074   

Materion Corp.

    7,916        237,638   

Real Industry, Inc. (a) (b)

    14,514        128,013   

Schnitzer Steel Industries, Inc.
- Class A (b)

    13,529        183,183   

Stillwater Mining Co. (a) (b)

    56,563        584,296   

SunCoke Energy, Inc.

    35,308        274,696   

TimkenSteel Corp. (b)

    18,629        188,526   

Worthington Industries, Inc. (b)

    21,412        566,990   
   

 

 

 
      5,950,089   
   

 

 

 

Multi-Utilities—0.4%

   

Avista Corp.

    27,466        913,244   

Black Hills Corp.

    20,984        867,479   

Multi-Utilities—(Continued)

   

NorthWestern Corp. (b)

    21,079      1,134,683   
   

 

 

 
      2,915,406   
   

 

 

 

Multiline Retail—0.4%

   

Big Lots, Inc. (b)

    22,924        1,098,518   

Burlington Stores, Inc. (a)

    34,950        1,783,848   

Fred’s, Inc. - Class A (b)

    16,936        200,692   

Tuesday Morning Corp. (a) (b)

    21,822        118,057   
   

 

 

 
      3,201,115   
   

 

 

 

Oil, Gas & Consumable Fuels—1.9%

   

Alon USA Energy, Inc. (b)

    18,417        332,795   

Ardmore Shipping Corp.

    9,727        117,502   

Bonanza Creek Energy, Inc. (a) (b)

    23,473        95,535   

Callon Petroleum Co. (a)

    35,112        255,967   

Carrizo Oil & Gas, Inc. (a)

    25,277        771,960   

Clayton Williams Energy, Inc. (a) (b)

    3,222        125,046   

Clean Energy Fuels Corp. (a) (b)

    35,238        158,571   

Delek U.S. Holdings, Inc.

    26,403        731,363   

DHT Holdings, Inc.

    44,160        327,667   

Dorian LPG, Ltd. (a) (b)

    12,155        125,318   

Frontline, Ltd. (a) (b)

    53,488        143,883   

GasLog, Ltd. (b)

    20,748        199,596   

Gener8 Maritime, Inc. (a)

    15,722        172,156   

Green Plains, Inc. (b)

    18,400        358,064   

Halcon Resources Corp. (a) (b)

    177,952        94,315   

Matador Resources Co. (a) (b)

    34,122        707,690   

Navios Maritime Acquisition Corp. (b)

    40,824        143,700   

Nordic American Tankers, Ltd. (b)

    41,561        631,727   

Northern Oil and Gas, Inc. (a) (b)

    32,713        144,591   

Oasis Petroleum, Inc. (a) (b)

    64,797        562,438   

Pacific Ethanol, Inc. (a) (b)

    14,686        95,312   

Panhandle Oil and Gas, Inc. - Class A

    10,459        169,017   

Par Petroleum Corp. (a)

    9,479        197,448   

Parsley Energy, Inc. - Class A (a) (b)

    44,266        667,089   

PDC Energy, Inc. (a) (b)

    19,719        1,045,304   

Peabody Energy Corp. (b)

    132,802        183,267   

Renewable Energy Group, Inc. (a)

    22,727        188,180   

REX American Resources Corp. (a) (b)

    2,989        151,303   

Ring Energy, Inc. (a) (b)

    12,081        119,239   

RSP Permian, Inc. (a) (b)

    28,242        571,901   

Sanchez Energy Corp. (a) (b)

    24,958        153,492   

Scorpio Tankers, Inc.

    83,337        764,200   

SemGroup Corp. - Class A (b)

    20,664        893,511   

Ship Finance International, Ltd. (b)

    28,428        461,955   

Solazyme, Inc. (a) (b)

    44,324        115,242   

Stone Energy Corp. (a) (b)

    27,971        138,736   

Synergy Resources Corp. (a) (b)

    48,841        478,642   

Teekay Tankers, Ltd. - Class A

    40,575        279,968   

Ultra Petroleum Corp. (a) (b)

    71,411        456,316   

Western Refining, Inc.

    33,013        1,456,534   

Westmoreland Coal Co. (a)

    11,267        158,752   
   

 

 

 
      14,945,292   
   

 

 

 

Paper & Forest Products—0.5%

   

Boise Cascade Co. (a)

    18,411        464,325   

 

MSF-179


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Paper & Forest Products—(Continued)

   

Clearwater Paper Corp. (a)

    9,289      $ 438,812   

Deltic Timber Corp. (b)

    4,579        273,870   

KapStone Paper and Packaging Corp.

    37,200        614,172   

Louisiana-Pacific Corp. (a) (b)

    63,741        907,672   

Neenah Paper, Inc.

    7,745        451,379   

PH Glatfelter Co.

    21,278        366,407   

Schweitzer-Mauduit International, Inc.

    14,898        512,193   

Wausau Paper Corp. (b)

    19,827        126,893   
   

 

 

 
      4,155,723   
   

 

 

 

Personal Products—0.2%

   

Elizabeth Arden, Inc. (a) (b)

    12,466        145,727   

Inter Parfums, Inc. (b)

    8,191        203,219   

Medifast, Inc. (a) (b)

    4,135        111,066   

Natural Health Trends Corp. (b)

    4,644        151,766   

Nutraceutical International Corp. (a)

    4,388        103,601   

Revlon, Inc. - Class A (a) (b)

    6,172        181,765   

USANA Health Sciences, Inc. (a)

    2,803        375,686   
   

 

 

 
      1,272,830   
   

 

 

 

Pharmaceuticals—1.6%

   

Aerie Pharmaceuticals, Inc. (a) (b)

    9,996        177,329   

Amphastar Pharmaceuticals, Inc. (a)

    15,186        177,524   

ANI Pharmaceuticals, Inc. (a) (b)

    3,380        133,544   

Aratana Therapeutics, Inc. (a) (b)

    12,495        105,708   

BioDelivery Sciences International, Inc. (a) (b)

    20,287        112,796   

Catalent, Inc. (a) (b)

    38,849        944,031   

Cempra, Inc. (a) (b)

    15,026        418,324   

Corcept Therapeutics, Inc. (a) (b)

    27,975        105,186   

Depomed, Inc. (a) (b)

    26,785        504,897   

Dermira, Inc. (a)

    6,512        151,990   

Durect Corp. (a)

    57,821        112,751   

IGI Laboratories, Inc. (a) (b)

    17,629        115,294   

Impax Laboratories, Inc. (a) (b)

    34,206        1,204,393   

Intersect ENT, Inc. (a)

    6,805        159,237   

Intra-Cellular Therapies, Inc. (a)

    10,123        405,325   

Lannett Co., Inc. (a) (b)

    12,710        527,719   

Medicines Co. (The) (a) (b)

    32,038        1,216,162   

Nektar Therapeutics (a) (b)

    62,084        680,441   

Ocular Therapeutix, Inc. (a) (b)

    6,439        90,532   

Omeros Corp. (a) (b)

    18,771        205,730   

Pacira Pharmaceuticals, Inc. (a) (b)

    17,459        717,565   

Paratek Pharmaceuticals, Inc.

    5,993        113,867   

Phibro Animal Health Corp. - Class A (b)

    7,619        240,989   

Prestige Brands Holdings, Inc. (a)

    23,984        1,083,117   

Relypsa, Inc. (a) (b)

    15,309        283,370   

Revance Therapeutics, Inc. (a) (b)

    7,511        223,527   

Sagent Pharmaceuticals, Inc. (a) (b)

    11,006        168,722   

Sciclone Pharmaceuticals, Inc. (a)

    27,839        193,203   

Sucampo Pharmaceuticals, Inc. - Class A (a) (b)

    12,005        238,539   

Supernus Pharmaceuticals, Inc. (a) (b)

    15,103        211,895   

Tetraphase Pharmaceuticals, Inc. (a) (b)

    16,854        125,731   

TherapeuticsMD, Inc. (a) (b)

    59,460        348,436   

Theravance Biopharma, Inc. (a)

    11,720        128,803   

Pharmaceuticals—(Continued)

   

Theravance, Inc. (b)

    40,393      290,022   

XenoPort, Inc. (a) (b)

    30,042        104,246   

Zogenix, Inc. (a) (b)

    12,033        162,445   

ZS Pharma, Inc. (a)

    8,556        561,787   
   

 

 

 
      12,745,177   
   

 

 

 

Professional Services—1.3%

   

Acacia Research Corp.

    24,564        223,041   

Advisory Board Co. (The) (a)

    19,022        866,262   

Barrett Business Services, Inc.

    3,858        165,624   

CBIZ, Inc. (a) (b)

    20,130        197,677   

CEB, Inc.

    15,450        1,055,853   

CRA International, Inc. (a)

    4,935        106,497   

Exponent, Inc.

    11,327        504,731   

Franklin Covey Co. (a)

    5,394        86,628   

FTI Consulting, Inc. (a)

    19,255        799,275   

GP Strategies Corp. (a)

    5,793        132,196   

Heidrick & Struggles International, Inc.

    9,634        187,381   

Huron Consulting Group, Inc. (a)

    10,297        643,871   

ICF International, Inc. (a)

    10,002        303,961   

Insperity, Inc.

    9,107        400,071   

Kelly Services, Inc. - Class A

    14,944        211,308   

Kforce, Inc.

    12,692        333,546   

Korn/Ferry International

    23,409        774,136   

Mistras Group, Inc. (a)

    8,222        105,653   

Navigant Consulting, Inc. (a)

    21,686        345,024   

On Assignment, Inc. (a)

    24,181        892,279   

Resources Connection, Inc.

    17,930        270,205   

RPX Corp. (a)

    26,264        360,342   

TriNet Group, Inc. (a)

    19,326        324,677   

TrueBlue, Inc. (a)

    19,573        439,805   

WageWorks, Inc. (a)

    17,251        777,675   
   

 

 

 
      10,507,718   
   

 

 

 

Real Estate Investment Trusts—8.7%

   

Acadia Realty Trust (b)

    31,817        956,737   

AG Mortgage Investment Trust, Inc. (b)

    14,345        218,331   

Agree Realty Corp.

    8,695        259,546   

Alexander’s, Inc. (b)

    1,029        384,846   

Altisource Residential Corp. (b)

    23,216        323,167   

American Assets Trust, Inc.

    17,413        711,495   

American Capital Mortgage Investment Corp. (b)

    20,421        301,006   

American Residential Properties, Inc. (b)

    16,166        279,187   

Anworth Mortgage Asset Corp.

    49,995        246,975   

Apollo Commercial Real Estate Finance, Inc. (b)

    28,760        451,820   

Apollo Residential Mortgage, Inc.

    16,439        208,118   

Ares Commercial Real Estate Corp. (b)

    11,438        137,142   

Armada Hoffler Properties, Inc.

    12,863        125,671   

ARMOUR Residential REIT, Inc. (b)

    20,649        413,806   

Ashford Hospitality Prime, Inc.

    14,521        203,730   

Ashford Hospitality Trust, Inc.

    39,201        239,126   

Bluerock Residential Growth REIT,
Inc. (b)

    9,427        112,935   

Campus Crest Communities, Inc. (b)

    31,269        166,351   

Capstead Mortgage Corp. (b)

    44,863        443,695   

 

MSF-180


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Investment Trusts—(Continued)

  

 

CareTrust REIT, Inc.

    22,728      $ 257,963   

CatchMark Timber Trust, Inc. - Class A

    19,002        195,341   

Cedar Realty Trust, Inc.

    37,954        235,694   

Chambers Street Properties (b)

    106,980        694,300   

Chatham Lodging Trust

    18,798        403,781   

Chesapeake Lodging Trust

    28,075        731,634   

Colony Capital, Inc. - Class A

    52,491        1,026,724   

CorEnergy Infrastructure Trust, Inc. (b)

    28,854        127,535   

Coresite Realty Corp. (b)

    10,812        556,169   

Cousins Properties, Inc. (b)

    98,133        904,786   

CubeSmart

    74,938        2,039,063   

CyrusOne, Inc.

    30,768        1,004,883   

CYS Investments, Inc. (b)

    68,956        500,621   

DCT Industrial Trust, Inc.

    40,451        1,361,581   

DiamondRock Hospitality Co.

    87,917        971,483   

DuPont Fabros Technology, Inc.

    27,799        719,438   

Dynex Capital, Inc. (b)

    26,422        173,328   

Easterly Government Properties, Inc.

    5,391        85,986   

EastGroup Properties, Inc.

    15,137        820,123   

Education Realty Trust, Inc.

    22,842        752,644   

EPR Properties

    25,946        1,338,035   

Equity One, Inc.

    34,207        832,598   

FelCor Lodging Trust, Inc. (b)

    66,829        472,481   

First Industrial Realty Trust, Inc.

    50,899        1,066,334   

First Potomac Realty Trust (b)

    27,829        306,119   

Franklin Street Properties Corp.

    42,121        452,801   

Geo Group, Inc. (The)

    35,405        1,052,945   

Getty Realty Corp. (b)

    13,375        211,325   

Gladstone Commercial Corp. (b)

    10,038        141,636   

Government Properties Income Trust (b)

    33,503        536,048   

Gramercy Property Trust, Inc. (b)

    27,916        579,815   

Hannon Armstrong Sustainable Infrastructure Capital, Inc. (b)

    16,148        278,069   

Hatteras Financial Corp.

    42,090        637,663   

Healthcare Realty Trust, Inc.

    46,860        1,164,471   

Hersha Hospitality Trust

    21,188        480,120   

Highwoods Properties, Inc.

    42,765        1,657,144   

Hudson Pacific Properties, Inc.

    35,234        1,014,387   

Independence Realty Trust, Inc.

    15,452        111,409   

InfraREIT, Inc.

    10,732        254,134   

Inland Real Estate Corp.

    40,747        330,051   

Invesco Mortgage Capital, Inc.

    58,562        716,799   

Investors Real Estate Trust

    56,725        439,051   

iStar, Inc. (a) (b)

    40,007        503,288   

Kite Realty Group Trust

    38,856        925,161   

Ladder Capital Corp. (b)

    18,832        269,674   

LaSalle Hotel Properties

    51,101        1,450,757   

Lexington Realty Trust (b)

    95,516        773,680   

LTC Properties, Inc.

    16,934        722,574   

Mack-Cali Realty Corp.

    39,029        736,867   

Medical Properties Trust, Inc. (b)

    107,995        1,194,425   

Monmouth Real Estate Investment Corp. - Class A

    28,144        274,404   

Monogram Residential Trust, Inc.

    77,219        718,909   

National Health Investors, Inc. (b)

    16,672        958,473   

National Storage Affiliates Trust (b)

    10,849        147,004   

New Residential Investment Corp.

    106,527        1,395,504   

Real Estate Investment Trusts—(Continued)

  

 

New Senior Investment Group, Inc.

    40,485      423,473   

New York Mortgage Trust, Inc. (b)

    51,471        282,576   

New York REIT, Inc. (b)

    75,580        760,335   

NexPoint Residential Trust, Inc. (b)

    5,560        74,282   

One Liberty Properties, Inc. (b)

    6,290        134,166   

Orchid Island Capital, Inc. (b)

    11,326        104,765   

Parkway Properties, Inc.

    38,318        596,228   

Pebblebrook Hotel Trust

    32,175        1,140,604   

Pennsylvania Real Estate Investment Trust

    33,427        662,857   

PennyMac Mortgage Investment Trust

    35,722        552,619   

Physicians Realty Trust

    34,473        520,198   

Potlatch Corp. (b)

    19,692        566,933   

Preferred Apartment Communities, Inc. - Class A (b)

    11,149        121,301   

PS Business Parks, Inc.

    9,046        718,071   

QTS Realty Trust, Inc. - Class A

    13,062        570,679   

RAIT Financial Trust (b)

    39,654        196,684   

Ramco-Gershenson Properties Trust (b)

    37,976        570,020   

Redwood Trust, Inc.

    36,052        498,960   

Resource Capital Corp. (b)

    16,059        179,379   

Retail Opportunity Investments Corp. (b)

    44,363        733,764   

Rexford Industrial Realty, Inc.

    22,405        308,965   

RLJ Lodging Trust (b)

    59,668        1,507,810   

Rouse Properties, Inc.

    18,643        290,458   

Ryman Hospitality Properties, Inc.

    20,440        1,006,261   

Sabra Health Care REIT, Inc. (b)

    28,851        668,766   

Saul Centers, Inc.

    4,228        218,799   

Select Income REIT (b)

    29,295        556,898   

Silver Bay Realty Trust Corp.

    14,156        226,638   

Sovran Self Storage, Inc.

    16,136        1,521,625   

STAG Industrial, Inc. (b)

    30,449        554,476   

Starwood Waypoint Residential Trust (b)

    17,678        421,267   

STORE Capital Corp. (b)

    17,642        364,484   

Strategic Hotels & Resorts, Inc. (a)

    123,037        1,696,680   

Summit Hotel Properties, Inc.

    40,984        478,283   

Sun Communities, Inc.

    21,611        1,464,361   

Sunstone Hotel Investors, Inc.

    94,641        1,252,100   

Terreno Realty Corp. (b)

    20,992        412,283   

UMH Properties, Inc. (b)

    11,462        106,597   

United Development Funding IV (b)

    14,302        251,715   

Universal Health Realty Income Trust

    6,109        286,756   

Urban Edge Properties

    41,316        892,012   

Urstadt Biddle Properties, Inc. - Class A

    13,207        247,499   

Washington Real Estate Investment Trust (b)

    32,300        805,239   

Western Asset Mortgage Capital
Corp. (b)

    20,929        263,915   

Whitestone REIT (b)

    9,513        109,685   

Xenia Hotels & Resorts, Inc. (b)

    53,296        930,548   
   

 

 

 
      70,142,930   
   

 

 

 

Real Estate Management & Development—0.4%

  

 

Alexander & Baldwin, Inc.

    21,471        737,099   

Altisource Portfolio Solutions S.A. (a)

    6,754        161,015   

Consolidated-Tomoka Land Co. (b)

    2,461        122,558   

Forestar Group, Inc. (a) (b)

    17,933        235,819   

FRP Holdings, Inc. (a) (b)

    3,389        102,144   

Kennedy-Wilson Holdings, Inc. (b)

    43,109        955,727   

 

MSF-181


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Real Estate Management & Development—(Continued)

  

Marcus & Millichap, Inc. (a)

    6,463      $ 297,233   

RE/MAX Holdings, Inc. - Class A

    4,716        169,682   

St. Joe Co. (The) (a) (b)

    31,148        595,861   

Tejon Ranch Co. (a)

    7,566        165,015   
   

 

 

 
      3,542,153   
   

 

 

 

Road & Rail—0.7%

   

ArcBest Corp.

    12,815        330,243   

Celadon Group, Inc.

    13,029        208,725   

Con-way, Inc.

    26,785        1,270,948   

Covenant Transportation Group, Inc. - Class A (a)

    5,776        103,795   

Heartland Express, Inc. (b)

    21,986        438,401   

Knight Transportation, Inc.

    29,563        709,512   

Marten Transport, Ltd.

    11,626        187,992   

Roadrunner Transportation Systems, Inc. (a)

    13,855        254,932   

Saia, Inc. (a)

    11,835        366,293   

Swift Transportation Co. (a) (b)

    41,359        621,212   

Werner Enterprises, Inc.

    22,043        553,279   

YRC Worldwide, Inc. (a) (b)

    14,785        196,049   
   

 

 

 
      5,241,381   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.9%

  

Advanced Energy Industries, Inc. (a)

    17,540        461,302   

Advanced Micro Devices, Inc. (a) (b)

    296,073        509,246   

Ambarella, Inc. (a) (b)

    14,300        826,397   

Amkor Technology, Inc. (a)

    42,324        190,035   

Applied Micro Circuits Corp. (a) (b)

    37,494        199,093   

Axcelis Technologies, Inc. (a)

    55,739        148,823   

Brooks Automation, Inc.

    28,372        332,236   

Cabot Microelectronics Corp. (a)

    11,541        447,098   

Cascade Microtech, Inc. (a)

    6,920        97,849   

Cavium, Inc. (a) (b)

    25,863        1,587,212   

Ceva, Inc. (a) (b)

    9,018        167,464   

Cirrus Logic, Inc. (a)

    30,584        963,702   

Cohu, Inc.

    11,848        116,821   

Diodes, Inc. (a)

    18,315        391,392   

DSP Group, Inc. (a)

    11,248        102,469   

Entegris, Inc. (a)

    64,015        844,358   

Exar Corp. (a) (c)

    20,123        119,732   

Fairchild Semiconductor International, Inc. (a)

    56,225        789,399   

FormFactor, Inc. (a) (c)

    27,182        184,294   

Inphi Corp. (a)

    17,959        431,734   

Integrated Device Technology, Inc. (a)

    68,677        1,394,143   

Integrated Silicon Solution, Inc.

    14,137        303,804   

Intersil Corp. - Class A

    57,981        678,378   

IXYS Corp.

    13,771        153,684   

Kopin Corp. (a) (b)

    33,852        106,295   

Lattice Semiconductor Corp. (a) (b)

    55,774        214,730   

M/A-COM Technology Solutions Holdings, Inc. (a) (b)

    10,997        318,803   

MaxLinear, Inc. - Class A (a)

    23,196        288,558   

Microsemi Corp. (a)

    44,049        1,445,688   

MKS Instruments, Inc.

    24,685        827,688   

Monolithic Power Systems, Inc.

    18,931        969,267   

Semiconductors & Semiconductor Equipment—(Continued)

  

Nanometrics, Inc. (a)

    12,771      155,040   

NVE Corp.

    2,605        126,447   

OmniVision Technologies, Inc. (a)

    26,397        693,185   

PDF Solutions, Inc. (a)

    13,631        136,310   

Pericom Semiconductor Corp.

    12,144        221,628   

Photronics, Inc. (a)

    30,362        275,080   

PMC - Sierra, Inc. (a)

    74,917        507,188   

Power Integrations, Inc.

    13,771        580,723   

Rambus, Inc. (a) (b)

    56,543        667,207   

Rudolph Technologies, Inc. (a)

    18,288        227,686   

Semtech Corp. (a) (b)

    33,156        500,656   

Sigma Designs, Inc. (a) (b)

    16,965        116,889   

Silicon Laboratories, Inc. (a)

    19,602        814,267   

Synaptics, Inc. (a) (b)

    16,544        1,364,218   

Tessera Technologies, Inc.

    24,436        791,971   

Ultra Clean Holdings, Inc. (a)

    15,759        90,457   

Ultratech, Inc. (a)

    13,618        218,160   

Veeco Instruments, Inc. (a) (b)

    20,425        418,917   

Xcerra Corp. (a)

    26,473        166,251   
   

 

 

 
      23,683,974   
   

 

 

 

Software—4.2%

   

A10 Networks, Inc. (a)

    17,081        102,315   

ACI Worldwide, Inc. (a)

    51,842        1,094,903   

American Software, Inc. - Class A (b)

    12,761        120,209   

Aspen Technology, Inc. (a) (b) (c)

    39,380        1,492,896   

AVG Technologies NV (a)

    19,150        416,512   

Barracuda Networks, Inc. (a)

    4,133        64,392   

Blackbaud, Inc.

    21,648        1,214,886   

Bottomline Technologies de, Inc. (a) (b)

    19,170        479,442   

BroadSoft, Inc. (a) (b)

    14,701        440,442   

Callidus Software, Inc. (a)

    24,272        412,381   

CommVault Systems, Inc. (a)

    21,011        713,534   

Digimarc Corp. (a) (b)

    3,950        120,673   

Ebix, Inc. (b)

    12,915        322,358   

Ellie Mae, Inc. (a) (b)

    13,561        902,756   

EnerNOC, Inc. (a) (b)

    13,640        107,756   

EPIQ Systems, Inc.

    15,846        204,730   

ePlus, Inc. (a)

    2,282        180,438   

Fair Isaac Corp.

    14,192        1,199,224   

FleetMatics Group plc (a) (b)

    18,434        904,925   

Gigamon, Inc. (a)

    12,234        244,802   

Globant S.A. (a) (b)

    7,299        223,276   

Glu Mobile, Inc. (a) (b)

    56,662        247,613   

Guidewire Software, Inc. (a) (b)

    31,711        1,667,364   

HubSpot, Inc. (a)

    8,823        409,123   

Imperva, Inc. (a) (b)

    12,766        835,918   

Infoblox, Inc. (a)

    27,141        433,713   

Interactive Intelligence Group, Inc. (a) (b)

    7,901        234,739   

Jive Software, Inc. (a) (b)

    23,671        110,544   

Manhattan Associates, Inc. (a)

    34,112        2,125,178   

Mentor Graphics Corp. (b)

    44,994        1,108,202   

MicroStrategy, Inc. - Class A (a)

    4,086        802,776   

Model N, Inc. (a)

    10,589        105,996   

Monotype Imaging Holdings, Inc.

    18,592        405,677   

Paycom Software, Inc. (a)

    14,749        529,637   

 

MSF-182


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Software—(Continued)

   

Paylocity Holding Corp. (a)

    7,401      $ 221,956   

Pegasystems, Inc.

    16,572        407,837   

Progress Software Corp. (a)

    21,844        564,231   

Proofpoint, Inc. (a) (b)

    17,627        1,063,261   

PROS Holdings, Inc. (a) (b)

    10,832        239,820   

QAD, Inc. - Class A

    5,009        128,230   

Qlik Technologies, Inc. (a) (b)

    42,908        1,563,997   

Qualys, Inc. (a) (b)

    11,629        330,961   

Rapid7, Inc. (a)

    7,419        168,782   

RealPage, Inc. (a)

    23,670        393,395   

RingCentral, Inc. - Class A (a)

    25,092        455,420   

Rovi Corp. (a) (b)

    41,187        432,052   

Rubicon Project, Inc. (The) (a)

    12,316        178,951   

Sapiens International Corp. NV (b)

    11,949        137,652   

SeaChange International, Inc. (a) (b)

    15,237        95,993   

Silver Spring Networks, Inc. (a)

    17,691        227,860   

Synchronoss Technologies, Inc. (a) (b)

    17,427        571,606   

Take-Two Interactive Software,
Inc. (a) (b)

    38,201        1,097,515   

Tangoe, Inc. (a) (b)

    19,395        139,644   

Telenav, Inc. (a) (b)

    14,415        112,581   

TiVo, Inc. (a)

    45,871        397,243   

Tyler Technologies, Inc. (a)

    15,558        2,322,965   

VASCO Data Security International, Inc. (a) (b)

    15,031        256,128   

Verint Systems, Inc. (a)

    27,661        1,193,572   

Xura, Inc. (a)

    11,872        265,695   

Yodlee, Inc. (a) (b)

    8,912        143,751   

Zendesk, Inc. (a) (b)

    25,082        494,366   

Zix Corp. (a)

    28,558        120,229   
   

 

 

 
      33,705,023   
   

 

 

 

Specialty Retail—3.0%

   

Abercrombie & Fitch Co. - Class A (b)

    32,535        689,417   

America’s Car-Mart, Inc. (a) (b)

    3,580        118,462   

American Eagle Outfitters, Inc. (b)

    90,391        1,412,811   

Asbury Automotive Group, Inc. (a) (b)

    12,479        1,012,671   

Ascena Retail Group, Inc. (a) (b)

    79,891        1,111,284   

Barnes & Noble Education, Inc. (a)

    15,057        191,374   

Barnes & Noble, Inc.

    23,825        288,521   

Big 5 Sporting Goods Corp.

    9,452        98,112   

Boot Barn Holdings, Inc. (a) (b)

    5,884        108,442   

Buckle, Inc. (The) (b)

    14,188        524,530   

Build-A-Bear Workshop, Inc. (a)

    6,759        127,677   

Caleres, Inc.

    20,189        616,370   

Cato Corp. (The) - Class A

    11,668        397,062   

Chico’s FAS, Inc.

    66,717        1,049,458   

Children’s Place, Inc. (The) (b)

    9,293        535,927   

Citi Trends, Inc.

    8,551        199,922   

Conn’s, Inc. (a) (b)

    13,796        331,656   

Container Store Group, Inc. (The) (a)

    8,770        123,482   

Destination XL Group, Inc. (a)

    18,581        107,956   

Express, Inc. (a)

    37,922        677,666   

Finish Line, Inc. (The) - Class A

    20,590        397,387   

Five Below, Inc. (a) (b)

    24,289        815,625   

Francesca’s Holdings Corp. (a)

    22,196        271,457   

Genesco, Inc. (a)

    11,779        672,227   

Specialty Retail—(Continued)

   

Group 1 Automotive, Inc.

    10,876      926,091   

Guess?, Inc. (b)

    30,485        651,160   

Haverty Furniture Cos., Inc.

    10,391        243,981   

Hibbett Sports, Inc. (a) (b)

    12,576        440,286   

Kirkland’s, Inc.

    9,307        200,473   

Lithia Motors, Inc. - Class A

    10,347        1,118,614   

Lumber Liquidators Holdings, Inc. (a) (b)

    13,856        182,068   

MarineMax, Inc. (a)

    12,696        179,394   

Mattress Firm Holding Corp. (a) (b)

    9,630        402,149   

Men’s Wearhouse, Inc. (The) (b)

    22,434        953,894   

Monro Muffler Brake, Inc. (b)

    14,332        968,127   

Outerwall, Inc. (b)

    8,102        461,247   

Party City Holdco, Inc. (a)

    13,656        218,086   

Pep Boys-Manny Moe & Jack (The) (a)

    25,763        314,051   

Pier 1 Imports, Inc. (b)

    47,023        324,459   

Rent-A-Center, Inc. (b)

    23,338        565,946   

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

    15,345        1,431,842   

Select Comfort Corp. (a)

    24,198        529,452   

Shoe Carnival, Inc.

    8,227        195,803   

Sonic Automotive, Inc. - Class A

    14,688        299,929   

Sportsman’s Warehouse Holdings,
Inc. (a)

    9,266        114,157   

Stage Stores, Inc. (b)

    16,362        161,002   

Stein Mart, Inc.

    15,504        150,079   

Tile Shop Holdings, Inc. (a) (b)

    14,624        175,195   

Vitamin Shoppe, Inc. (a) (b)

    13,117        428,139   

Winmark Corp. (b)

    1,140        117,329   

Zumiez, Inc. (a) (b)

    10,452        163,365   
   

 

 

 
      23,795,814   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.6%

  

Avid Technology, Inc. (a)

    17,870        142,245   

Cray, Inc. (a) (b)

    17,303        342,772   

Diebold, Inc. (b)

    30,087        895,690   

Dot Hill Systems Corp. (a)

    29,817        290,119   

Eastman Kodak Co. (a) (b)

    7,370        115,119   

Electronics for Imaging, Inc. (a)

    22,627        979,297   

Immersion Corp. (a)

    16,446        184,689   

Nimble Storage, Inc. (a) (b)

    23,597        569,160   

QLogic Corp. (a)

    44,263        453,696   

Stratasys, Ltd. (a) (b)

    23,667        626,939   

Super Micro Computer, Inc. (a) (b)

    17,788        484,901   
   

 

 

 
      5,084,627   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.9%

  

 

Columbia Sportswear Co.

    12,824        753,923   

Crocs, Inc. (a) (b) (c)

    36,244        468,454   

Culp, Inc.

    4,697        150,633   

Deckers Outdoor Corp. (a) (b)

    14,708        853,946   

G-III Apparel Group, Ltd. (a) (b)

    18,754        1,156,372   

Iconix Brand Group, Inc. (a) (b)

    23,416        316,584   

Movado Group, Inc.

    6,320        163,246   

Oxford Industries, Inc.

    6,557        484,431   

Perry Ellis International, Inc. (a) (b)

    7,318        160,703   

Sequential Brands Group, Inc. (a) (b)

    12,301        177,995   

Steven Madden, Ltd. (a)

    26,195        959,261   

Tumi Holdings, Inc. (a) (b)

    24,156        425,629   

 

MSF-183


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Textiles, Apparel & Luxury Goods—(Continued)

  

 

Unifi, Inc. (a)

    7,892      $ 235,261   

Vera Bradley, Inc. (a) (b)

    10,263        129,416   

Wolverine World Wide, Inc. (b)

    47,159        1,020,521   
   

 

 

 
      7,456,375   
   

 

 

 

Thrifts & Mortgage Finance—2.1%

   

Anchor BanCorp Wisconsin, Inc. (a)

    3,695        157,370   

Astoria Financial Corp.

    42,231        679,919   

Bank Mutual Corp. (b)

    22,673        174,129   

BankFinancial Corp.

    9,195        114,294   

Beneficial Bancorp, Inc. (a)

    38,821        514,766   

BofI Holding, Inc. (a) (b)

    7,041        907,092   

Brookline Bancorp, Inc.

    33,001        334,630   

Capitol Federal Financial, Inc.

    67,397        816,852   

Charter Financial Corp. (b)

    8,185        103,786   

Clifton Bancorp, Inc. (b)

    13,646        189,406   

Dime Community Bancshares, Inc.

    15,501        261,967   

Essent Group, Ltd. (a)

    25,938        644,559   

EverBank Financial Corp.

    44,827        865,161   

Federal Agricultural Mortgage Corp. - Class C

    5,480        142,096   

First Defiance Financial Corp.

    5,038        184,189   

Flagstar Bancorp, Inc. (a)

    9,133        187,774   

Fox Chase Bancorp, Inc. (b)

    5,775        100,254   

HomeStreet, Inc. (a)

    10,511        242,804   

Kearny Financial Corp.

    43,899        503,522   

LendingTree, Inc. (a)

    2,772        257,879   

Meridian Bancorp, Inc.

    26,006        355,502   

Meta Financial Group, Inc.

    3,308        138,175   

MGIC Investment Corp. (a) (b)

    155,926        1,443,875   

Nationstar Mortgage Holdings,
Inc. (a) (b)

    18,633        258,440   

NMI Holdings, Inc. - Class A (a)

    20,655        156,978   

Northfield Bancorp, Inc. (b)

    20,130        306,177   

Northwest Bancshares, Inc.

    43,929        571,077   

OceanFirst Financial Corp.

    6,649        114,496   

Ocwen Financial Corp. (a) (b)

    50,367        337,963   

Oritani Financial Corp.

    22,475        351,060   

PennyMac Financial Services, Inc. - Class A (a)

    6,364        101,824   

PHH Corp. (a)

    24,884        351,362   

Provident Financial Services, Inc.

    29,417        573,632   

Radian Group, Inc.

    85,918        1,366,955   

Territorial Bancorp, Inc.

    4,282        111,503   

TrustCo Bank Corp. (b)

    45,137        263,600   

United Community Financial Corp.

    24,319        121,595   

United Financial Bancorp, Inc.

    21,117        275,577   

Walker & Dunlop, Inc. (a) (b)

    12,545        327,174   

Walter Investment Management
Corp. (a) (b)

    19,069        309,871   

Washington Federal, Inc.

    41,765        950,154   

Waterstone Financial, Inc. (b)

    10,693        144,142   

WSFS Financial Corp. (b)

    12,636        364,043   
   

 

 

 
      16,677,624   
   

 

 

 

Tobacco—0.2%

   

Universal Corp. (b)

    10,350        513,049   

Tobacco—(Continued)

   

Vector Group, Ltd. (b)

    39,056      883,052   
   

 

 

 
      1,396,101   
   

 

 

 

Trading Companies & Distributors—0.6%

  

 

Aircastle, Ltd.

    27,739        571,701   

Applied Industrial Technologies, Inc. (b)

    18,076        689,599   

Beacon Roofing Supply, Inc. (a)

    22,020        715,430   

DXP Enterprises, Inc. (a) (b)

    6,409        174,837   

H&E Equipment Services, Inc.

    15,412        257,689   

Kaman Corp. (b)

    11,681        418,764   

MRC Global, Inc. (a) (b)

    47,898        534,063   

Rush Enterprises, Inc. - Class A (a)

    16,786        406,221   

Stock Building Supply Holdings,
Inc. (a) (b)

    7,700        135,597   

TAL International Group, Inc. (a)

    16,976        232,062   

Textainer Group Holdings, Ltd. (b)

    10,746        177,202   

Titan Machinery, Inc. (a)

    8,967        102,941   

Univar, Inc. (a)

    23,006        417,559   

Veritiv Corp. (a) (b)

    3,938        146,651   
   

 

 

 
      4,980,316   
   

 

 

 

Transportation Infrastructure—0.0%

   

Wesco Aircraft Holdings, Inc. (a) (b)

    29,211        356,374   
   

 

 

 

Water Utilities—0.2%

   

American States Water Co.

    17,191        711,707   

Artesian Resources Corp. - Class A

    3,766        90,911   

California Water Service Group

    20,433        451,978   

Connecticut Water Service, Inc. (b)

    4,766        174,054   

Middlesex Water Co.

    7,497        178,729   

SJW Corp.

    7,394        227,366   

York Water Co. (The) (b)

    6,695        140,729   
   

 

 

 
      1,975,474   
   

 

 

 

Wireless Telecommunication Services—0.1%

  

 

Boingo Wireless, Inc. (a)

    17,390        143,989   

Shenandoah Telecommunications Co.

    10,314        441,542   

Spok Holdings, Inc.

    11,723        192,961   
   

 

 

 
      778,492   
   

 

 

 

Total Common Stocks
(Cost $619,281,187)

      755,934,149   
   

 

 

 
Mutual Fund—3.0%                

Investment Company Security—3.0%

   

iShares Russell 2000 Index Fund (b)
(Cost $26,013,050)

    217,700        23,772,840   
   

 

 

 
Rights—0.0%                

Life Sciences Tools & Services—0.0%

  

 

Furiex Pharmaceuticals, Inc., Expires 07/02/16 (a) (d) (e)

    3,553        34,713   
   

 

 

 

 

MSF-184


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Rights—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Machinery—0.0%

   

Gerber Scientific,
Inc. (a) (b) (e)

    14,024      $ 0   
   

 

 

 

Wireless Telecommunication Services—0.0%

  

 

Leap Wireless International, Inc.,
Expires 03/13/17 (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) (e)
(Cost $0)

    8,794        0   
   

 

 

 
Short-Term Investments—29.3%                

Discount Notes—3.0%

   

Federal Home Loan Bank

   

0.070%, 11/16/15 (f)

    775,000        774,931   

0.101%, 11/20/15 (f)

    1,325,000        1,324,814   

0.120%, 11/30/15 (f)

    1,500,000        1,499,700   

0.125%, 12/18/15 (f)

    1,200,000        1,199,675   

0.138%, 01/04/16 (f)

    3,400,000        3,398,770   

0.139%, 11/25/15 (f)

    3,525,000        3,524,246   

0.179%, 11/27/15 (f)

    2,950,000        2,949,159   

0.201%, 01/20/16 (f)

    2,800,000        2,798,271   

0.323%, 03/09/16 (f)

    6,625,000        6,615,578   
   

 

 

 
      24,085,144   
   

 

 

 

Mutual Fund—26.3%

   

State Street Navigator Securities Lending MET Portfolio (g)

    211,334,811      211,334,811   
   

 

 

 

Total Short-Term Investments
(Cost $235,419,955)

      235,419,955   
   

 

 

 

Total Investments—126.2%
(Cost $880,818,167) (h)

      1,015,230,919   

Other assets and liabilities (net)—(26.2)%

      (210,606,414
   

 

 

 
Net Assets—100.0%     $ 804,624,505   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $219,966,524 and the collateral received consisted of cash in the amount of $211,334,811 and non-cash collateral with a value of $12,758,107. 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, 2015, the market value of securities pledged was $2,439,296.
(d) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2015, these securities represent less than 0.05% of net assets.
(e) Illiquid security. As of September 30, 2015, these securities represent 0.0% of net assets.
(f) The rate shown represents current yield to maturity.
(g) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(h) As of September 30, 2015, the aggregate cost of investments was $880,818,167. The aggregate unrealized appreciation and depreciation of investments were $213,234,445 and $(78,821,693), respectively, resulting in net unrealized appreciation of $134,412,752.

 

Futures Contracts

 

Futures Contracts—Long

   Expiration
Date
     Number of
Contracts
     Notional
Amount
     Unrealized
Depreciation
 

Russell 2000 Mini Index Futures

     12/18/15         197         USD         22,277,136       $ (687,906
              

 

 

 

 

(USD)— United States Dollar

 

MSF-185


Table of Contents

Metropolitan Series Fund

Russell 2000 Index Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 755,934,149      $ —        $ —         $ 755,934,149   

Total Mutual Fund*

     23,772,840        —          —           23,772,840   

Total Rights*

     —          —          103,975         103,975   

Total Warrant*

     0        —          —           0   
Short-Term Investments          

Discount Notes

     —          24,085,144        —           24,085,144   

Mutual Fund

     211,334,811        —          —           211,334,811   

Total Short-Term Investments

     211,334,811        24,085,144        —           235,419,955   

Total Investments

   $ 991,041,800      $ 24,085,144      $ 103,975       $ 1,015,230,919   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (211,334,811   $ —         $ (211,334,811
Futures Contracts          

Futures Contracts (Unrealized Depreciation)

   $ (687,906   $ —        $ —         $ (687,906

 

* 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, 2014
     Change in
Unrealized
Appreciation
     Balance as of
September 30, 2015
     Change in Unrealized
Appreciation from
Investments Still Held at
September 30, 2015
 
Rights            

Life Sciences Tools & Services

   $ 34,713       $ 0       $ 34,713       $ 0   

Machinery

     0         0         0         0   

Wireless Telecommunication Services

     69,262         0         69,262         0   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 103,975       $ 0       $ 103,975       $ 0   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

MSF-186


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—97.7% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—1.7%

   

Boeing Co. (The)

    282,800      $ 37,032,660   
   

 

 

 

Air Freight & Logistics—0.6%

   

FedEx Corp.

    95,300        13,721,294   
   

 

 

 

Airlines—2.1%

   

American Airlines Group, Inc.

    853,400        33,137,522   

United Continental Holdings, Inc. (a)

    233,400        12,381,870   
   

 

 

 
      45,519,392   
   

 

 

 

Auto Components—1.1%

   

BorgWarner, Inc.

    334,700        13,920,173   

Delphi Automotive plc

    117,500        8,934,700   
   

 

 

 
      22,854,873   
   

 

 

 

Automobiles—1.4%

   

Tesla Motors, Inc. (a) (b)

    122,250        30,366,900   
   

 

 

 

Biotechnology—8.8%

   

Alexion Pharmaceuticals, Inc. (a)

    262,940        41,121,186   

Biogen, Inc. (a)

    61,390        17,914,216   

BioMarin Pharmaceutical, Inc. (a)

    107,300        11,300,836   

Celgene Corp. (a)

    324,034        35,050,758   

Gilead Sciences, Inc.

    323,800        31,793,922   

Incyte Corp. (a)

    168,100        18,546,473   

Regeneron Pharmaceuticals, Inc. (a)

    44,450        20,675,473   

Vertex Pharmaceuticals, Inc. (a)

    136,500        14,215,110   
   

 

 

 
      190,617,974   
   

 

 

 

Capital Markets—2.6%

   

BlackRock, Inc.

    26,100        7,763,967   

Morgan Stanley

    734,000        23,121,000   

State Street Corp.

    214,600        14,423,266   

TD Ameritrade Holding Corp.

    335,500        10,682,320   
   

 

 

 
      55,990,553   
   

 

 

 

Chemicals—0.8%

   

Ashland, Inc.

    128,000        12,879,360   

Sherwin-Williams Co. (The)

    21,820        4,861,060   
   

 

 

 
      17,740,420   
   

 

 

 

Communications Equipment—0.3%

   

Palo Alto Networks, Inc. (a)

    37,000        6,364,000   
   

 

 

 

Construction Materials—0.4%

   

Martin Marietta Materials, Inc. (b)

    50,500        7,673,475   
   

 

 

 

Diversified Financial Services—0.9%

   

Intercontinental Exchange, Inc.

    81,408        19,130,066   
   

 

 

 

Food & Staples Retailing—2.2%

   

Costco Wholesale Corp.

    45,600        6,592,392   

CVS Health Corp.

    209,900        20,251,152   

Walgreens Boots Alliance, Inc.

    243,500        20,234,850   
   

 

 

 
      47,078,394   
   

 

 

 

Food Products—0.4%

  

Keurig Green Mountain, Inc. (b)

    185,700      9,682,398   
   

 

 

 

Health Care Equipment & Supplies—1.3%

  

Intuitive Surgical, Inc. (a)

    61,000        28,034,380   
   

 

 

 

Health Care Providers & Services—5.6%

  

Anthem, Inc.

    198,500        27,790,000   

Cigna Corp.

    126,700        17,107,034   

Humana, Inc.

    110,613        19,799,727   

McKesson Corp.

    160,300        29,660,309   

UnitedHealth Group, Inc.

    221,800        25,731,018   
   

 

 

 
      120,088,088   
   

 

 

 

Hotels, Restaurants & Leisure—4.9%

  

Chipotle Mexican Grill, Inc. (a)

    29,000        20,887,250   

Hilton Worldwide Holdings, Inc.

    422,500        9,692,150   

Las Vegas Sands Corp. (b)

    209,800        7,966,106   

Marriott International, Inc. - Class A (b)

    163,800        11,171,160   

MGM Resorts International (a)

    1,141,720        21,064,734   

Royal Caribbean Cruises, Ltd.

    156,600        13,951,494   

Starbucks Corp.

    375,300        21,332,052   
   

 

 

 
      106,064,946   
   

 

 

 

Industrial Conglomerates—3.8%

  

Danaher Corp.

    713,900        60,831,419   

Roper Technologies, Inc.

    135,940        21,301,798   
   

 

 

 
      82,133,217   
   

 

 

 

Internet & Catalog Retail—10.8%

  

Amazon.com, Inc. (a)

    247,205        126,541,768   

Netflix, Inc. (a)

    83,200        8,591,232   

Priceline Group, Inc. (The) (a)

    64,440        79,703,258   

Vipshop Holdings, Ltd. (ADR) (a) (b)

    1,043,800        17,535,840   
   

 

 

 
      232,372,098   
   

 

 

 

Internet Software & Services—13.2%

  

Akamai Technologies, Inc. (a)

    130,100        8,984,706   

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

    281,956        16,626,945   

Alphabet, Inc. - Class A (a)

    105,570        67,392,721   

Alphabet, Inc. - Class C (a)

    102,702        62,485,951   

Dropbox, Inc. - Class A (a) (c) (d)

    214,763        3,977,411   

Facebook, Inc. - Class A (a)

    661,100        59,432,890   

LinkedIn Corp. - Class A (a)

    128,420        24,416,495   

Pandora Media, Inc. (a)

    283,700        6,054,158   

Tencent Holdings, Ltd.

    1,466,485        24,702,279   

VeriSign, Inc. (a) (b)

    166,400        11,741,184   
   

 

 

 
      285,814,740   
   

 

 

 

IT Services—6.2%

  

Fiserv, Inc. (a)

    177,700        15,390,597   

MasterCard, Inc. - Class A

    659,400        59,425,128   

Visa, Inc. - Class A

    839,320        58,467,031   
   

 

 

 
      133,282,756   
   

 

 

 

 

MSF-187


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Machinery—1.3%

  

Flowserve Corp. (b)

    223,100      $ 9,178,334   

Wabtec Corp.

    205,500        18,094,275   
   

 

 

 
      27,272,609   
   

 

 

 

Media—1.6%

  

Walt Disney Co. (The)

    345,846        35,345,461   
   

 

 

 

Oil, Gas & Consumable Fuels—0.6%

  

Concho Resources, Inc. (a)

    37,700        3,705,910   

EQT Corp.

    55,000        3,562,350   

Pioneer Natural Resources Co.

    43,960        5,347,294   
   

 

 

 
      12,615,554   
   

 

 

 

Personal Products—0.4%

  

Estee Lauder Cos., Inc. (The) - Class A

    117,400        9,471,832   
   

 

 

 

Pharmaceuticals—5.4%

  

Allergan plc (a)

    191,383        52,019,813   

Bristol-Myers Squibb Co.

    350,000        20,720,000   

Valeant Pharmaceuticals International, Inc. (a)

    249,200        44,452,296   
   

 

 

 
      117,192,109   
   

 

 

 

Professional Services—0.1%

  

IHS, Inc. - Class A (a)

    24,900        2,888,400   
   

 

 

 

Real Estate Investment Trusts—2.0%

  

American Tower Corp.

    317,600        27,942,448   

Crown Castle International Corp.

    197,278        15,559,316   
   

 

 

 
      43,501,764   
   

 

 

 

Real Estate Management & Development—0.0%

  

WeWork Cos., Inc. - Class A (a) (c) (d)

    7,199        236,772   
   

 

 

 

Road & Rail—0.9%

  

Canadian Pacific Railway, Ltd.

    124,900        17,931,893   

J.B. Hunt Transport Services, Inc.

    26,400        1,884,960   
   

 

 

 
      19,816,853   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.3%

  

ASML Holding NV (b)

    71,600        6,299,368   
   

 

 

 

Software—6.3%

  

Microsoft Corp.

    1,385,700        61,331,082   

Mobileye NV (a) (b)

    288,600        13,125,528   

NetSuite, Inc. (a) (b)

    94,400        7,920,160   

Red Hat, Inc. (a)

    137,300        9,869,124   

Salesforce.com, Inc. (a)

    442,560        30,726,941   

ServiceNow, Inc. (a)

    177,200        12,306,540   
   

 

 

 
      135,279,375   
   

 

 

 

Specialty Retail—5.2%

  

AutoZone, Inc. (a)

    35,940        26,014,450   

CarMax, Inc. (a)

    276,800        16,419,776   

Home Depot, Inc. (The)

    88,700        10,243,963   

Specialty Retail—(Continued)

  

Lowe’s Cos., Inc.

    356,100      24,542,412   

Ross Stores, Inc.

    289,300        14,022,371   

Tractor Supply Co.

    252,482        21,289,283   
   

 

 

 
      112,532,255   
   

 

 

 

Technology Hardware, Storage & Peripherals—2.4%

  

Apple, Inc.

    471,140        51,966,742   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.1%

  

Hanesbrands, Inc.

    708,600        20,506,884   

NIKE, Inc. - Class B

    201,500        24,778,455   
   

 

 

 
      45,285,339   
   

 

 

 

Total Common Stocks
(Cost $1,681,862,963)

      2,111,267,057   
   

 

 

 
Convertible Preferred Stocks—0.6%   

Internet Software & Services—0.5%

  

Airbnb, Inc. - Series D (a) (c) (d)

    97,047        9,034,532   

Airbnb, Inc. - Series E (a) (c) (d)

    9,760        908,601   

Living Social, Inc. - Class F (a) (c) (d)

    101,591        8,971   
   

 

 

 
      9,952,104   
   

 

 

 

Real Estate Management & Development—0.1%

  

WeWork Cos., Inc. - Series E (a) (c) (d)

    64,744        2,129,402   
   

 

 

 

Total Convertible Preferred Stocks
(Cost $7,770,316)

      12,081,506   
   

 

 

 
Short-Term Investments—5.2%   

Mutual Funds—5.2%

  

State Street Navigator Securities Lending MET Portfolio (e)

    94,208,953        94,208,953   

T. Rowe Price Government Reserve Investment Fund (f)

    18,820,128        18,820,128   
   

 

 

 

Total Short-Term Investments
(Cost $113,029,081)

      113,029,081   
   

 

 

 

Total Investments—103.5%
(Cost $1,802,662,360) (g)

      2,236,377,644   

Other assets and liabilities (net)—(3.5)%

      (75,919,189
   

 

 

 
Net Assets—100.0%     $ 2,160,458,455   
   

 

 

 

 

(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2015, the market value of securities loaned was $98,379,082 and the collateral received consisted of cash in the amount of $94,208,953 and non-cash collateral with a value of $4,552,485. 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, 2015, these securities represent 0.8% of net assets.

 

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Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

(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, 2015, the market value of restricted securities was $16,295,689, which is 0.8% of net assets. See details shown in the Restricted Securities table that follows.
(e) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(f) Affiliated Issuer.
(g) As of September 30, 2015, the aggregate cost of investments was $1,802,662,360. The aggregate unrealized appreciation and depreciation of investments were $485,045,621 and $(51,330,337), respectively, resulting in net unrealized appreciation of $433,715,284.
(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       $ 9,034,532   

Airbnb, Inc. - Series E

     07/14/15         9,760         908,601         908,601   

Dropbox, Inc. - Class A

     11/07/14         214,763         4,102,231         3,977,411   

Living Social, Inc. - Class F

     11/18/11         101,591         781,235         8,971   

WeWork Cos., Inc. - Class A

     06/23/15         7,199         236,772         236,772   

WeWork Cos., Inc. - Series E

     06/23/15         64,744         2,129,402         2,129,402   
           

 

 

 
            $ 16,295,689   
           

 

 

 

 

MSF-189


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 37,032,660       $ —        $ —         $ 37,032,660   

Air Freight & Logistics

     13,721,294         —          —           13,721,294   

Airlines

     45,519,392         —          —           45,519,392   

Auto Components

     22,854,873         —          —           22,854,873   

Automobiles

     30,366,900         —          —           30,366,900   

Biotechnology

     190,617,974         —          —           190,617,974   

Capital Markets

     55,990,553         —          —           55,990,553   

Chemicals

     17,740,420         —          —           17,740,420   

Communications Equipment

     6,364,000         —          —           6,364,000   

Construction Materials

     7,673,475         —          —           7,673,475   

Diversified Financial Services

     19,130,066         —          —           19,130,066   

Food & Staples Retailing

     47,078,394         —          —           47,078,394   

Food Products

     9,682,398         —          —           9,682,398   

Health Care Equipment & Supplies

     28,034,380         —          —           28,034,380   

Health Care Providers & Services

     120,088,088         —          —           120,088,088   

Hotels, Restaurants & Leisure

     106,064,946         —          —           106,064,946   

Industrial Conglomerates

     82,133,217         —          —           82,133,217   

Internet & Catalog Retail

     232,372,098         —          —           232,372,098   

Internet Software & Services

     257,135,050         24,702,279        3,977,411         285,814,740   

IT Services

     133,282,756         —          —           133,282,756   

Machinery

     27,272,609         —          —           27,272,609   

Media

     35,345,461         —          —           35,345,461   

Oil, Gas & Consumable Fuels

     12,615,554         —          —           12,615,554   

Personal Products

     9,471,832         —          —           9,471,832   

Pharmaceuticals

     117,192,109         —          —           117,192,109   

Professional Services

     2,888,400         —          —           2,888,400   

Real Estate Investment Trusts

     43,501,764         —          —           43,501,764   

Real Estate Management & Development

     —           —          236,772         236,772   

Road & Rail

     19,816,853         —          —           19,816,853   

Semiconductors & Semiconductor Equipment

     6,299,368         —          —           6,299,368   

Software

     135,279,375         —          —           135,279,375   

Specialty Retail

     112,532,255         —          —           112,532,255   

Technology Hardware, Storage & Peripherals

     51,966,742         —          —           51,966,742   

Textiles, Apparel & Luxury Goods

     45,285,339         —          —           45,285,339   

Total Common Stocks

     2,082,350,595         24,702,279        4,214,183         2,111,267,057   

Total Convertible Preferred Stocks*

     —           —          12,081,506         12,081,506   

Total Short-Term Investments*

     113,029,081         —          —           113,029,081   

Total Investments

   $ 2,195,379,676       $ 24,702,279      $ 16,295,689       $ 2,236,377,644   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (94,208,953   $ —         $ (94,208,953

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-190


Table of Contents

Metropolitan Series Fund

T. Rowe Price Large Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (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,
2014
     Change in
Unrealized
Appreciation/
Depreciation
    Purchases      Balance as of
September 30,
2015
     Change in Unrealized
Appreciation/Depreciation
from Investments Still Held at
September 30, 2015
 
Common Stock              

Internet Software & Services

   $ 4,102,231       $ (124,820   $       $ 3,977,411       $ (124,820

Real Estate Management & Development

                    236,772         236,772           
Convertible Preferred Stocks              

Internet Software & Services

     4,918,553         4,124,950        908,601         9,952,104         4,124,950   

Real Estate Management & Development

                    2,129,402         2,129,402           
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 9,020,784       $ 4,000,130      $ 3,274,775       $ 16,295,689       $ 4,000,130   
  

 

 

    

 

 

   

 

 

    

 

 

    

 

 

 

 

MSF-191


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—97.9% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.0%

  

Aerojet Rocketdyne Holdings, Inc. (a) (b)

    169,400      $ 2,740,892   

Esterline Technologies Corp. (a)

    28,600        2,056,054   

HEICO Corp. - Class A

    132,081        5,997,798   

Hexcel Corp. (b)

    112,200        5,033,292   

Teledyne Technologies, Inc. (a)

    90,500        8,172,150   
   

 

 

 
      24,000,186   
   

 

 

 

Airlines—0.6%

  

Allegiant Travel Co.

    17,200        3,719,500   

Spirit Airlines, Inc. (a)

    71,400        3,377,220   
   

 

 

 
      7,096,720   
   

 

 

 

Auto Components—0.6%

  

Gentherm, Inc. (a)

    77,900        3,499,268   

Tenneco, Inc. (a)

    85,200        3,814,404   
   

 

 

 
      7,313,672   
   

 

 

 

Banks—1.3%

  

Signature Bank (a)

    60,000        8,253,600   

SVB Financial Group (a)

    44,800        5,176,192   

Texas Capital Bancshares, Inc. (a)

    43,900        2,301,238   
   

 

 

 
      15,731,030   
   

 

 

 

Beverages—0.6%

  

Boston Beer Co., Inc. (The) - Class A (a) (b)

    33,887        7,136,941   
   

 

 

 

Biotechnology—7.5%

  

ACADIA Pharmaceuticals, Inc. (a) (b)

    94,400        3,121,808   

Acceleron Pharma, Inc. (a)

    44,600        1,110,540   

Acorda Therapeutics, Inc. (a)

    39,700        1,052,447   

Agios Pharmaceuticals, Inc. (a) (b)

    20,300        1,432,977   

Alkermes plc (a)

    76,700        4,499,989   

Alnylam Pharmaceuticals, Inc. (a) (b)

    38,500        3,093,860   

AMAG Pharmaceuticals, Inc. (a) (b)

    54,400        2,161,312   

Anacor Pharmaceuticals, Inc. (a) (b)

    47,200        5,555,912   

BioCryst Pharmaceuticals, Inc. (a)

    29,900        340,860   

BioMarin Pharmaceutical, Inc. (a)

    32,800        3,454,496   

Bluebird Bio, Inc. (a)

    33,400        2,857,370   

Cepheid, Inc. (a) (b)

    91,600        4,140,320   

Clovis Oncology, Inc. (a)

    21,500        1,977,140   

Dyax Corp. (a)

    158,800        3,031,492   

Exelixis, Inc. (a) (b)

    272,300        1,527,603   

Incyte Corp. (a)

    82,600        9,113,258   

Insmed, Inc. (a)

    150,000        2,785,500   

Insys Therapeutics, Inc. (a) (b)

    52,800        1,502,688   

Intercept Pharmaceuticals, Inc. (a) (b)

    6,300        1,044,918   

Isis Pharmaceuticals, Inc. (a) (b)

    69,700        2,817,274   

Ligand Pharmaceuticals, Inc. (a) (b)

    44,600        3,819,990   

Medivation, Inc. (a)

    27,000        1,147,500   

Neurocrine Biosciences, Inc. (a)

    151,700        6,036,143   

Novavax, Inc. (a) (b)

    332,700        2,352,189   

Ophthotech Corp. (a) (b)

    28,400        1,150,768   

Opko Health, Inc. (a) (b)

    289,000        2,430,490   

Prothena Corp. plc (a) (b)

    41,800        1,895,212   

Puma Biotechnology, Inc. (a)

    26,400        1,989,504   

Biotechnology—(Continued)

   

Regulus Therapeutics, Inc. (a) (b)

    34,200      223,668   

Repligen Corp. (a)

    52,900        1,473,265   

Seattle Genetics, Inc. (a) (b)

    65,600        2,529,536   

TESARO, Inc. (a) (b)

    38,800        1,555,880   

Ultragenyx Pharmaceutical, Inc. (a)

    29,400        2,831,514   

United Therapeutics Corp. (a) (b)

    35,300        4,632,772   
   

 

 

 
      90,690,195   
   

 

 

 

Building Products—0.9%

  

AAON, Inc. (b)

    139,899        2,711,243   

Lennox International, Inc.

    74,400        8,431,752   
   

 

 

 
      11,142,995   
   

 

 

 

Capital Markets—1.4%

  

Affiliated Managers Group, Inc. (a)

    13,249        2,265,446   

E*TRADE Financial Corp. (a)

    232,460        6,120,672   

Financial Engines, Inc. (b)

    82,200        2,422,434   

Virtus Investment Partners, Inc. (b)

    8,800        884,400   

Waddell & Reed Financial, Inc. - Class A

    137,800        4,791,306   
   

 

 

 
      16,484,258   
   

 

 

 

Chemicals—1.7%

  

Minerals Technologies, Inc.

    36,000        1,733,760   

NewMarket Corp. (b)

    19,400        6,925,800   

PolyOne Corp. (b)

    216,400        6,349,176   

Stepan Co.

    42,000        1,747,620   

WR Grace & Co. (a)

    36,800        3,424,240   
   

 

 

 
      20,180,596   
   

 

 

 

Commercial Services & Supplies—2.1%

  

Clean Harbors, Inc. (a) (b)

    74,200        3,262,574   

Healthcare Services Group, Inc. (b)

    118,800        4,003,560   

Rollins, Inc. (b)

    258,825        6,954,628   

Team, Inc. (a) (b)

    53,400        1,715,208   

U.S. Ecology, Inc.

    97,300        4,247,145   

Waste Connections, Inc.

    89,300        4,338,194   

West Corp.

    58,800        1,317,120   
   

 

 

 
      25,838,429   
   

 

 

 

Communications Equipment—1.3%

  

ARRIS Group, Inc. (a) (b)

    155,700        4,043,529   

EchoStar Corp. - Class A (a)

    64,700        2,784,041   

Lumentum Holdings, Inc. (a)

    9,800        166,110   

NetScout Systems, Inc. (a)

    91,100        3,222,207   

Plantronics, Inc. (b)

    70,900        3,605,265   

Polycom, Inc. (a)

    113,586        1,190,381   

Ubiquiti Networks, Inc. (b)

    8,900        301,621   
   

 

 

 
      15,313,154   
   

 

 

 

Consumer Finance—0.4%

  

PRA Group, Inc. (a) (b)

    101,300        5,360,796   
   

 

 

 

 

MSF-192


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Containers & Packaging—1.1%

  

Berry Plastics Group, Inc. (a)

    245,600      $ 7,385,192   

Graphic Packaging Holding Co.

    480,400        6,144,316   
   

 

 

 
      13,529,508   
   

 

 

 

Distributors—0.6%

  

Pool Corp. (b)

    107,600        7,779,480   
   

 

 

 

Diversified Consumer Services—1.1%

  

Capella Education Co.

    55,200        2,733,504   

ServiceMaster Global Holdings, Inc. (a)

    221,500        7,431,325   

Sotheby’s (b)

    80,800        2,583,984   
   

 

 

 
      12,748,813   
   

 

 

 

Diversified Financial Services—1.9%

  

CBOE Holdings, Inc.

    129,200        8,666,736   

MarketAxess Holdings, Inc.

    90,600        8,414,928   

MSCI, Inc.

    98,978        5,885,232   

NewStar Financial, Inc. (a) (b)

    50,791        416,486   
   

 

 

 
      23,383,382   
   

 

 

 

Electrical Equipment—0.9%

  

Acuity Brands, Inc.

    41,000        7,198,780   

AZZ, Inc.

    29,700        1,446,093   

Generac Holdings, Inc. (a) (b)

    65,600        1,973,904   
   

 

 

 
      10,618,777   
   

 

 

 

Electronic Equipment, Instruments & Components—1.7%

  

Anixter International, Inc. (a)

    60,500        3,495,690   

Cognex Corp.

    134,100        4,609,017   

Coherent, Inc. (a)

    57,900        3,167,130   

FEI Co.

    71,100        5,193,144   

OSI Systems, Inc. (a)

    53,900        4,148,144   
   

 

 

 
      20,613,125   
   

 

 

 

Energy Equipment & Services—0.7%

  

Atwood Oceanics, Inc. (b)

    28,300        419,123   

Core Laboratories NV (b)

    14,500        1,447,100   

Dril-Quip, Inc. (a) (b)

    52,100        3,033,262   

Oceaneering International, Inc. (b)

    49,800        1,956,144   

Oil States International, Inc. (a)

    40,100        1,047,813   

Tesco Corp.

    87,900        627,606   
   

 

 

 
      8,531,048   
   

 

 

 

Food & Staples Retailing—1.3%

  

Casey’s General Stores, Inc.

    98,700        10,158,204   

Rite Aid Corp. (a)

    851,000        5,165,570   
   

 

 

 
      15,323,774   
   

 

 

 

Food Products—1.4%

  

J&J Snack Foods Corp.

    95,200        10,820,432   

TreeHouse Foods, Inc. (a)

    77,400        6,020,946   
   

 

 

 
      16,841,378   
   

 

 

 

Health Care Equipment & Supplies—5.2%

  

Abaxis, Inc. (b)

    57,000      2,507,430   

Align Technology, Inc. (a)

    124,100        7,043,916   

Cooper Cos., Inc. (The)

    25,600        3,810,816   

DexCom, Inc. (a)

    114,800        9,856,728   

Halyard Health, Inc. (a)

    89,800        2,553,912   

HeartWare International, Inc. (a) (b)

    8,700        455,097   

ICU Medical, Inc. (a)

    39,400        4,314,300   

IDEXX Laboratories, Inc. (a) (b)

    62,000        4,603,500   

Inogen, Inc. (a)

    50,300        2,442,065   

Masimo Corp. (a)

    91,300        3,520,528   

Natus Medical, Inc. (a)

    91,300        3,601,785   

Sirona Dental Systems, Inc. (a)

    81,300        7,588,542   

Thoratec Corp. (a)

    60,000        3,795,600   

West Pharmaceutical Services, Inc.

    114,000        6,169,680   
   

 

 

 
      62,263,899   
   

 

 

 

Health Care Providers & Services—3.7%

   

Air Methods Corp. (a) (b)

    52,600        1,793,134   

Centene Corp. (a)

    117,600        6,377,448   

Chemed Corp.

    37,100        4,951,737   

Corvel Corp. (a)

    72,100        2,328,830   

Health Net, Inc. (a)

    86,700        5,221,074   

HealthSouth Corp.

    113,300        4,347,321   

MEDNAX, Inc. (a)

    60,600        4,653,474   

Team Health Holdings, Inc. (a)

    130,400        7,045,512   

U.S. Physical Therapy, Inc.

    74,100        3,326,349   

WellCare Health Plans, Inc. (a)

    49,200        4,240,056   
   

 

 

 
      44,284,935   
   

 

 

 

Health Care Technology—0.4%

   

athenahealth, Inc. (a) (b)

    11,300        1,506,855   

Omnicell, Inc. (a)

    99,200        3,085,120   
   

 

 

 
      4,591,975   
   

 

 

 

Hotels, Restaurants & Leisure—6.4%

   

Brinker International, Inc. (b)

    145,700        7,674,019   

Buffalo Wild Wings, Inc. (a)

    28,400        5,493,412   

Cheesecake Factory, Inc. (The)

    44,400        2,395,824   

Choice Hotels International, Inc. (b)

    103,400        4,927,010   

Denny’s Corp. (a)

    566,500        6,248,495   

Diamond Resorts International, Inc. (a) (b)

    198,900        4,652,271   

Domino’s Pizza, Inc.

    109,400        11,805,354   

Jack in the Box, Inc.

    85,700        6,602,328   

Marriott Vacations Worldwide Corp.

    111,200        7,577,168   

Red Robin Gourmet Burgers, Inc. (a)

    36,800        2,787,232   

Six Flags Entertainment Corp. (b)

    116,900        5,351,682   

Vail Resorts, Inc.

    106,000        11,096,080   
   

 

 

 
      76,610,875   
   

 

 

 

Household Durables—0.8%

   

Helen of Troy, Ltd. (a)

    104,800        9,358,640   
   

 

 

 

Household Products—0.4%

   

Spectrum Brands Holdings, Inc.

    50,000        4,575,500   
   

 

 

 

 

MSF-193


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Insurance—0.4%

   

Amtrust Financial Services, Inc.

    84,978      $ 5,351,914   
   

 

 

 

Internet & Catalog Retail—1.8%

   

HSN, Inc.

    138,000        7,899,120   

Liberty TripAdvisor Holdings, Inc. - Class A (a)

    184,900        4,099,233   

Liberty Ventures - Series A (a)

    187,600        7,569,660   

Shutterfly, Inc. (a) (b)

    69,100        2,470,325   
   

 

 

 
      22,038,338   
   

 

 

 

Internet Software & Services—2.6%

   

comScore, Inc. (a) (b)

    108,000        4,984,200   

CoStar Group, Inc. (a)

    29,800        5,157,188   

Envestnet, Inc. (a) (b)

    94,300        2,826,171   

j2 Global, Inc. (b)

    58,700        4,158,895   

LogMeIn, Inc. (a) (b)

    47,300        3,223,968   

MercadoLibre, Inc. (b)

    24,200        2,203,652   

Stamps.com, Inc. (a)

    45,600        3,374,856   

WebMD Health Corp. (a) (b)

    124,500        4,960,080   
   

 

 

 
      30,889,010   
   

 

 

 

IT Services—6.8%

   

Blackhawk Network Holdings, Inc. (a)

    101,400        4,298,346   

Broadridge Financial Solutions, Inc.

    145,800        8,070,030   

Cardtronics, Inc. (a) (b)

    138,100        4,515,870   

CoreLogic, Inc. (a)

    183,300        6,824,259   

DST Systems, Inc.

    55,500        5,835,270   

Euronet Worldwide, Inc. (a)

    106,200        7,868,358   

Gartner, Inc. (a)

    84,100        7,058,513   

Heartland Payment Systems, Inc.

    106,660        6,720,647   

Jack Henry & Associates, Inc.

    60,300        4,197,483   

MAXIMUS, Inc.

    231,700        13,800,052   

Perficient, Inc. (a)

    64,900        1,001,407   

Unisys Corp. (a)

    44,109        524,897   

VeriFone Systems, Inc. (a)

    69,400        1,924,462   

WEX, Inc. (a)

    100,600        8,736,104   
   

 

 

 
      81,375,698   
   

 

 

 

Leisure Products—0.7%

   

Brunswick Corp.

    113,100        5,416,359   

Polaris Industries, Inc. (b)

    23,500        2,816,945   
   

 

 

 
      8,233,304   
   

 

 

 

Life Sciences Tools & Services—2.1%

   

Affymetrix, Inc. (a) (b)

    267,100        2,281,034   

Bio-Rad Laboratories, Inc. - Class A (a)

    36,700        4,929,177   

Bruker Corp. (a)

    111,600        1,833,588   

Cambrex Corp. (a)

    106,800        4,237,824   

Mettler-Toledo International, Inc. (a)

    6,000        1,708,440   

PAREXEL International Corp. (a) (b)

    93,500        5,789,520   

VWR Corp. (a)

    158,600        4,074,434   
   

 

 

 
      24,854,017   
   

 

 

 

Machinery—4.7%

   

Actuant Corp. - Class A

    58,500        1,075,815   

Chart Industries, Inc. (a)

    30,200        580,142   

Machinery—(Continued)

   

Graco, Inc. (b)

    83,600      5,603,708   

Hyster-Yale Materials Handling, Inc.

    26,194        1,514,799   

IDEX Corp.

    47,800        3,408,140   

John Bean Technologies Corp.

    145,500        5,565,375   

Lincoln Electric Holdings, Inc.

    51,700        2,710,631   

Middleby Corp. (The) (a)

    95,700        10,066,683   

Nordson Corp. (b)

    62,200        3,914,868   

Standex International Corp.

    25,100        1,891,285   

Sun Hydraulics Corp. (b)

    49,100        1,348,777   

Toro Co. (The)

    126,300        8,909,202   

Valmont Industries, Inc.

    24,400        2,315,316   

Wabtec Corp.

    70,400        6,198,720   

Woodward, Inc.

    45,800        1,864,060   
   

 

 

 
      56,967,521   
   

 

 

 

Marine—0.3%

   

Kirby Corp. (a)

    62,900        3,896,655   
   

 

 

 

Media—1.7%

   

Cable One, Inc. (a)

    7,700        3,229,534   

Eros International plc (a) (b)

    70,300        1,911,457   

John Wiley & Sons, Inc. - Class A

    10,700        535,321   

Live Nation Entertainment, Inc. (a)

    314,800        7,567,792   

Starz - Class A (a) (b)

    188,000        7,019,920   
   

 

 

 
      20,264,024   
   

 

 

 

Metals & Mining—0.5%

   

Compass Minerals International, Inc.

    30,400        2,382,448   

Stillwater Mining Co. (a) (b)

    118,300        1,222,039   

Worthington Industries, Inc.

    73,900        1,956,872   
   

 

 

 
      5,561,359   
   

 

 

 

Multiline Retail—1.2%

   

Big Lots, Inc. (b)

    111,700        5,352,664   

Burlington Stores, Inc. (a)

    179,600        9,166,784   
   

 

 

 
      14,519,448   
   

 

 

 

Oil, Gas & Consumable Fuels—2.2%

   

Carrizo Oil & Gas, Inc. (a)

    109,200        3,334,968   

Clayton Williams Energy, Inc. (a) (b)

    16,400        636,484   

Contango Oil & Gas Co. (a)

    20,100        152,760   

Diamondback Energy, Inc. (a) (b)

    75,300        4,864,380   

Gran Tierra Energy, Inc. (a)

    164,000        349,320   

Matador Resources Co. (a) (b)

    132,900        2,756,346   

PDC Energy, Inc. (a) (b)

    32,300        1,712,223   

SemGroup Corp. - Class A

    78,600        3,398,664   

SM Energy Co. (b)

    68,600        2,197,944   

Targa Resources Corp.

    48,800        2,514,176   

World Fuel Services Corp.

    137,700        4,929,660   
   

 

 

 
      26,846,925   
   

 

 

 

Paper & Forest Products—0.3%

   

Clearwater Paper Corp. (a)

    29,900        1,412,476   

KapStone Paper and Packaging Corp.

    152,200        2,512,822   
   

 

 

 
      3,925,298   
   

 

 

 

 

MSF-194


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Personal Products—0.2%

   

Nu Skin Enterprises, Inc. - Class A

    43,800      $ 1,808,064   
   

 

 

 

Pharmaceuticals—1.9%

   

Akorn, Inc. (a) (b)

    107,100        3,052,886   

Jazz Pharmaceuticals plc (a)

    9,900        1,314,819   

Mallinckrodt plc (a)

    12,176        778,533   

Medicines Co. (The) (a) (b)

    72,600        2,755,896   

Nektar Therapeutics (a) (b)

    101,800        1,115,728   

Pacira Pharmaceuticals, Inc. (a) (b)

    32,500        1,335,750   

Phibro Animal Health Corp. - Class A (b)

    110,600        3,498,278   

Prestige Brands Holdings, Inc. (a)

    164,400        7,424,304   

Theravance Biopharma, Inc. (a)

    23,914        262,815   

Theravance, Inc. (b)

    62,900        451,622   

ZS Pharma, Inc. (a) (b)

    14,400        945,504   
   

 

 

 
      22,936,135   
   

 

 

 

Professional Services—1.4%

  

Dun & Bradstreet Corp. (The)

    47,400        4,977,000   

Exponent, Inc.

    110,300        4,914,968   

Huron Consulting Group, Inc. (a)

    86,800        5,427,604   

TriNet Group, Inc. (a)

    93,600        1,572,480   
   

 

 

 
      16,892,052   
   

 

 

 

Real Estate Investment Trusts—1.5%

  

CyrusOne, Inc.

    93,200        3,043,912   

Equity Lifestyle Properties, Inc.

    133,300        7,807,381   

FelCor Lodging Trust, Inc.

    455,400        3,219,678   

Strategic Hotels & Resorts, Inc. (a)

    326,600        4,503,814   
   

 

 

 
      18,574,785   
   

 

 

 

Real Estate Management & Development—1.0%

  

Forest City Enterprises, Inc. - Class A (a)

    222,700        4,482,951   

Jones Lang LaSalle, Inc.

    26,600        3,824,282   

Kennedy-Wilson Holdings, Inc.

    178,743        3,962,732   
   

 

 

 
      12,269,965   
   

 

 

 

Road & Rail—1.7%

  

AMERCO

    17,200        6,767,684   

Avis Budget Group, Inc. (a) (b)

    79,100        3,455,088   

Landstar System, Inc. (b)

    50,600        3,211,582   

Old Dominion Freight Line, Inc. (a)

    112,150        6,841,150   
   

 

 

 
      20,275,504   
   

 

 

 

Semiconductors & Semiconductor Equipment—2.5%

  

Amkor Technology, Inc. (a)

    46,700        209,683   

Atmel Corp.

    365,400        2,948,778   

Cabot Microelectronics Corp. (a)

    44,100        1,708,434   

Cavium, Inc. (a) (b)

    79,300        4,866,641   

Diodes, Inc. (a)

    78,200        1,671,134   

Microsemi Corp. (a)

    186,800        6,130,776   

Semtech Corp. (a) (b)

    73,500        1,109,850   

Silicon Laboratories, Inc. (a)

    26,000        1,080,040   

Synaptics, Inc. (a) (b)

    90,700        7,479,122   

Teradyne, Inc.

    147,400        2,654,674   
   

 

 

 
      29,859,132   
   

 

 

 

Software—8.9%

  

ACI Worldwide, Inc. (a)

    210,600      4,447,872   

Aspen Technology, Inc. (a) (b)

    157,400        5,967,034   

Blackbaud, Inc.

    71,700        4,023,804   

CommVault Systems, Inc. (a)

    43,000        1,460,280   

Computer Modelling Group, Ltd. (b)

    273,200        2,319,488   

Descartes Systems Group, Inc. (The) (a) (b)

    129,200        2,285,548   

FactSet Research Systems, Inc. (b)

    40,600        6,488,286   

Fair Isaac Corp.

    67,600        5,712,200   

Fortinet, Inc. (a)

    204,200        8,674,416   

Manhattan Associates, Inc. (a)

    173,700        10,821,510   

Monotype Imaging Holdings, Inc.

    98,105        2,140,651   

Pegasystems, Inc.

    140,100        3,447,861   

Proofpoint, Inc. (a) (b)

    81,900        4,940,208   

PTC, Inc. (a)

    172,200        5,465,628   

SolarWinds, Inc. (a)

    104,900        4,116,276   

SS&C Technologies Holdings, Inc.

    166,800        11,682,672   

Tyler Technologies, Inc. (a)

    98,300        14,677,173   

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

    48,700        8,717,787   
   

 

 

 
      107,388,694   
   

 

 

 

Specialty Retail—2.6%

  

Aaron’s, Inc.

    39,500        1,426,345   

Ascena Retail Group, Inc. (a)

    94,100        1,308,931   

Buckle, Inc. (The) (b)

    34,900        1,290,253   

Chico’s FAS, Inc.

    105,100        1,653,223   

Children’s Place, Inc. (The)

    26,200        1,510,954   

DSW, Inc. - Class A

    102,000        2,581,620   

Monro Muffler Brake, Inc. (b)

    132,800        8,970,640   

Murphy USA, Inc. (a)

    122,800        6,747,860   

Sally Beauty Holdings, Inc. (a)

    164,000        3,895,000   

Tractor Supply Co.

    21,400        1,804,448   
   

 

 

 
      31,189,274   
   

 

 

 

Technology Hardware, Storage & Peripherals—0.0%

  

Stratasys, Ltd. (a) (b)

    11,400        301,986   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.1%

  

Carter’s, Inc.

    96,200        8,719,568   

Deckers Outdoor Corp. (a)

    33,100        1,921,786   

Fossil Group, Inc. (a) (b)

    13,049        729,178   

G-III Apparel Group, Ltd. (a)

    75,100        4,630,666   

Hanesbrands, Inc.

    42,800        1,238,632   

Iconix Brand Group, Inc. (a) (b)

    79,600        1,076,192   

Steven Madden, Ltd. (a) (b)

    175,300        6,419,486   
   

 

 

 
      24,735,508   
   

 

 

 

Thrifts & Mortgage Finance—0.7%

  

MGIC Investment Corp. (a) (b)

    451,900        4,184,594   

Radian Group, Inc.

    299,200        4,760,272   
   

 

 

 
      8,944,866   
   

 

 

 

Trading Companies & Distributors—0.1%

  

Beacon Roofing Supply, Inc. (a)

    55,300        1,796,697   
   

 

 

 

Total Common Stocks
(Cost $1,000,230,467)

      1,179,040,254   
   

 

 

 

 

MSF-195


Table of Contents

Metropolitan Series Fund

T. Rowe Price Small Cap Growth Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Short-Term Investments—17.4%

 

Security Description   Shares     Value  

Mutual Funds—17.4%

  

State Street Navigator Securities Lending MET Portfolio (c)

    185,554,148      $ 185,554,148   

T. Rowe Price Government Reserve Investment Fund (d)

    24,371,893        24,371,893   
   

 

 

 

Total Short-Term Investments
(Cost $209,926,041)

      209,926,041   
   

 

 

 

Total Investments—115.3%
(Cost $1,210,156,508) (e)

      1,388,966,295   

Other assets and liabilities (net)—(15.3)%

      (184,232,653
   

 

 

 
Net Assets—100.0%     $ 1,204,733,642   
   

 

 

 

 

(a) Non-income producing security.
(b) All or a portion of the security was held on loan. As of September 30, 2015, the market value of securities loaned was $204,444,320 and the collateral received consisted of cash in the amount of $185,554,148 and non-cash collateral with a value of $18,184,656. 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 on loan as of September 30, 2015.
(d) Affiliated Issuer.
(e) As of September 30, 2015, the aggregate cost of investments was $1,210,156,508. The aggregate unrealized appreciation and depreciation of investments were $259,978,705 and $(81,168,918), respectively, resulting in net unrealized appreciation of $178,809,787.

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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  

Total Common Stocks*

   $ 1,179,040,254       $ —        $ —         $ 1,179,040,254   

Total Short-Term Investments*

     209,926,041         —          —           209,926,041   

Total Investments

   $ 1,388,966,295       $ —        $ —         $ 1,388,966,295   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (185,554,148   $ —         $ (185,554,148

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-196


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—93.8% of Net Assets

 

Security Description   Shares     Value  

Building Products—0.9%

  

Advanced Drainage Systems, Inc. (a)

    286,100      $ 8,276,873   
   

 

 

 

Chemicals—3.7%

  

Agrium, Inc. (a)

    222,900        19,949,550   

CF Industries Holdings, Inc.

    293,500        13,178,150   
   

 

 

 
      33,127,700   
   

 

 

 

Electrical Equipment—0.4%

  

Sunrun, Inc. (a) (b)

    301,000        3,121,370   
   

 

 

 

Energy Equipment & Services—13.9%

  

Baker Hughes, Inc.

    406,000        21,128,240   

Halliburton Co.

    958,600        33,886,510   

Helmerich & Payne, Inc. (a)

    104,000        4,915,040   

Nabors Industries, Ltd.

    1,504,800        14,220,360   

Schlumberger, Ltd.

    579,600        39,975,012   

Superior Energy Services, Inc.

    865,700        10,933,791   
   

 

 

 
      125,058,953   
   

 

 

 

Machinery—2.0%

  

Cummins, Inc.

    167,200        18,154,576   
   

 

 

 

Metals & Mining—20.3%

  

Agnico Eagle Mines, Ltd.

    80,233        2,033,932   

Agnico Eagle Mines, Ltd. (U.S. Listed Shares) (a)

    1,312,600        33,235,032   

Commercial Metals Co. (a)

    902,900        12,234,295   

Eldorado Gold Corp. (a)

    2,559,900        8,242,878   

First Quantum Minerals, Ltd. (a)

    4,061,000        14,880,697   

Freeport-McMoRan, Inc. (a)

    980,900        9,504,921   

Glencore plc (b)

    16,972,737        23,651,499   

Goldcorp, Inc.

    2,564,100        32,102,532   

New Gold, Inc. (b)

    2,608,200        5,920,614   

Osisko Gold Royalties, Ltd.

    113,279        1,196,878   

Petra Diamonds, Ltd. (b)

    2,619,400        3,340,761   

Randgold Resources, Ltd. (ADR) (a)

    324,300        19,162,887   

Steel Dynamics, Inc.

    659,200        11,325,056   

United States Steel Corp. (a)

    531,300        5,536,146   
   

 

 

 
      182,368,128   
   

 

 

 

Oil, Gas & Consumable Fuels—48.0%

  

Anadarko Petroleum Corp.

    557,350        33,658,366   

Cimarex Energy Co.

    453,300        46,454,184   

Concho Resources, Inc. (b)

    434,750        42,735,925   

CONSOL Energy, Inc. (a)

    1,430,400        14,017,920   

Diamondback Energy, Inc. (a) (b)

    520,700        33,637,220   

EOG Resources, Inc.

    505,300        36,785,840   

Golar LNG, Ltd. (a)

    351,600        9,802,608   

Gulfport Energy Corp. (b)

    561,000        16,650,480   

Kinder Morgan, Inc.

    913,800        25,293,984   

Laredo Petroleum, Inc. (a) (b)

    1,055,200        9,950,536   

Newfield Exploration Co. (b)

    795,700        26,178,530   

Parsley Energy, Inc. - Class A (a) (b)

    1,066,200        16,067,634   

Pioneer Natural Resources Co.

    326,800        39,751,952   

Scorpio Tankers, Inc.

    572,200        5,247,074   

SemGroup Corp. - Class A

    345,500        14,939,420   

Oil, Gas & Consumable Fuels—(Continued)

  

SM Energy Co. (a)

    613,000      19,640,520   

Valero Energy Corp.

    497,900        29,923,790   

Westmoreland Coal Co. (a) (b)

    96,600        1,361,094   

Whiting Petroleum Corp. (b)

    524,800        8,013,696   
   

 

 

 
      430,110,773   
   

 

 

 

Paper & Forest Products—2.2%

   

Louisiana-Pacific Corp. (a) (b)

    1,367,300        19,470,352   
   

 

 

 

Road & Rail—1.2%

   

Union Pacific Corp.

    122,600        10,839,066   
   

 

 

 

Semiconductors & Semiconductor Equipment—1.2%

  

SolarEdge Technologies, Inc. (a) (b)

    70,600        1,618,152   

SunEdison, Inc. (a) ( b)

    1,255,800        9,016,644   
   

 

 

 
      10,634,796   
   

 

 

 

Total Common Stocks
(Cost $1,193,933,141)

      841,162,587   
   

 

 

 
Short-Term Investments—25.3%   

Mutual Funds—25.3%

   

AIM STIT-STIC Prime Portfolio

    57,736,855        57,736,855   

State Street Navigator Securities Lending MET Portfolio (c)

    169,063,120        169,063,120   
   

 

 

 

Total Short-Term Investments
(Cost $226,799,975)

      226,799,975   
   

 

 

 

Total Investments—119.1%
(Cost $1,420,733,116) (d)

      1,067,962,562   

Other assets and liabilities (net)—(19.1)%

      (171,106,106
   

 

 

 
Net Assets—100.0%     $ 896,856,456   
   

 

 

 

 

(a) All or a portion of the security was held on loan. As of September 30, 2015, the market value of securities loaned was $177,263,190 and the collateral received consisted of cash in the amount of $169,063,120 and non-cash collateral with a value of $7,503,181. 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 on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $1,420,733,116. The aggregate unrealized appreciation and depreciation of investments were $28,582,912 and $(381,353,466), respectively, resulting in net unrealized depreciation of $(352,770,554).
(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-197


Table of Contents

Metropolitan Series Fund

Van Eck Global Natural Resources Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Building Products

   $ 8,276,873       $ —        $ —         $ 8,276,873   

Chemicals

     33,127,700         —          —           33,127,700   

Electrical Equipment

     3,121,370         —          —           3,121,370   

Energy Equipment & Services

     125,058,953         —          —           125,058,953   

Machinery

     18,154,576         —          —           18,154,576   

Metals & Mining

     155,375,868         26,992,260        —           182,368,128   

Oil, Gas & Consumable Fuels

     430,110,773         —          —           430,110,773   

Paper & Forest Products

     19,470,352         —          —           19,470,352   

Road & Rail

     10,839,066         —          —           10,839,066   

Semiconductors & Semiconductor Equipment

     10,634,796         —          —           10,634,796   

Total Common Stocks

     814,170,327         26,992,260        —           841,162,587   

Total Short-Term Investments*

     226,799,975         —          —           226,799,975   

Total Investments

   $ 1,040,970,302       $ 26,992,260      $ —         $ 1,067,962,562   
                                    

Collateral for securities loaned (Liability)

   $ —         $ (169,063,120   $ —         $ (169,063,120

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-198


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—48.9% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Advertising—0.0%

  

WPP Finance 2010

   

5.125%, 09/07/42

    120,000      $ 117,810   
   

 

 

 

Aerospace/Defense—0.1%

  

LMI Aerospace, Inc.

   

7.375%, 07/15/19

    1,700,000        1,640,500   

Raytheon Co.

   

3.125%, 10/15/20

    30,000        31,432   

United Technologies Corp.

   

4.500%, 06/01/42

    290,000        295,305   
   

 

 

 
      1,967,237   
   

 

 

 

Agriculture—0.9%

  

Alliance One International, Inc.

   

9.875%, 07/15/21

    3,380,000        2,889,900   

Altria Group, Inc.

   

10.200%, 02/06/39

    1,078,000        1,742,479   

Philip Morris International, Inc.

   

2.500%, 08/22/22

    2,410,000        2,353,247   

Reynolds American, Inc.

   

4.850%, 09/15/23

    2,960,000        3,175,361   

5.850%, 08/15/45

    1,290,000        1,435,215   
   

 

 

 
      11,596,202   
   

 

 

 

Airlines—0.0%

  

Northwest Airlines Pass-Through Trust

   

7.575%, 09/01/20

    16,619        18,281   
   

 

 

 

Auto Manufacturers—0.6%

  

Ford Motor Co.

   

4.750%, 01/15/43

    2,210,000        2,073,091   

Ford Motor Credit Co. LLC

   

3.664%, 09/08/24 (a)

    720,000        698,786   

General Motors Co.

   

6.250%, 10/02/43

    2,550,000        2,712,376   

General Motors Financial Co., Inc.

   

4.375%, 09/25/21 (a)

    2,840,000        2,899,589   
   

 

 

 
      8,383,842   
   

 

 

 

Auto Parts & Equipment—0.3%

  

Schaeffler Holding Finance B.V.

   

6.750%, 11/15/22 (144A) (b)

    3,580,000        3,848,500   
   

 

 

 

Banks—7.7%

  

ABN AMRO Bank NV

   

4.750%, 07/28/25 (144A)

    820,000        813,521   

Bank of America Corp.

   

3.875%, 08/01/25

    1,040,000        1,054,447   

4.000%, 01/22/25

    2,810,000        2,753,983   

4.125%, 01/22/24

    880,000        919,945   

4.200%, 08/26/24

    1,180,000        1,179,155   

4.875%, 04/01/44

    1,890,000        1,961,945   

5.000%, 01/21/44

    2,300,000        2,422,086   

6.250%, 09/05/24 (c)

    2,090,000        2,042,975   

Banks—(Continued)

  

Barclays Bank plc

   

10.179%, 06/12/21 (144A)

    1,180,000      $ 1,545,898   

BPCE S.A.

   

5.150%, 07/21/24 (144A) (a)

    420,000        426,881   

Citigroup, Inc.

   

4.050%, 07/30/22

    2,000,000        2,038,832   

4.400%, 06/10/25

    1,470,000        1,478,430   

4.450%, 09/29/27

    1,360,000        1,352,665   

4.650%, 07/30/45 (a)

    2,850,000        2,842,721   

5.300%, 05/06/44 (a)

    3,790,000        3,943,529   

5.350%, 05/15/23 (a) (c)

    560,000        522,200   

5.500%, 09/13/25

    740,000        804,886   

5.900%, 02/15/23 (a) (c)

    320,000        312,000   

5.950%, 01/30/23 (c)

    590,000        572,669   

5.950%, 05/15/25 (c)

    2,790,000        2,629,575   

6.300%, 05/15/24 (c)

    850,000        817,827   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

   

4.375%, 08/04/25

    1,470,000        1,471,054   

5.250%, 08/04/45 (a)

    1,530,000        1,548,348   

5.750%, 12/01/43

    1,480,000        1,617,884   

11.000%, 06/30/19 (144A) (c)

    415,000        510,242   

Corpbanca S.A.

   

3.875%, 09/22/19

    2,300,000        2,321,008   

Credit Agricole S.A.

   

4.375%, 03/17/25 (144A) (a)

    1,000,000        965,632   

8.375%, 10/13/19 (144A) (a) (c)

    640,000        726,528   

Credit Suisse Group Funding Guernsey, Ltd.

   

4.875%, 05/15/45 (144A)

    1,560,000        1,528,719   

Goldman Sachs Capital II

   

4.000%, 11/02/15 (c)

    3,490,000        2,521,525   

Goldman Sachs Group, Inc. (The)

   

4.000%, 03/03/24

    3,180,000        3,273,053   

5.150%, 05/22/45

    870,000        853,955   

5.250%, 07/27/21

    1,330,000        1,483,271   

6.250%, 02/01/41

    10,000        12,058   

6.750%, 10/01/37

    2,000,000        2,385,836   

7.500%, 02/15/19

    20,000        23,376   

HSBC Holdings plc

   

5.250%, 03/14/44

    3,700,000        3,754,142   

6.375%, 09/17/24 (a) (c)

    1,290,000        1,233,562   

ICICI Bank, Ltd.

   

5.750%, 11/16/20

    3,640,000        4,054,498   

Itau Unibanco Holding S.A.

   

2.850%, 05/26/18 (a)

    4,250,000        3,980,975   

JPMorgan Chase & Co.

   

3.375%, 05/01/23 (a)

    600,000        586,359   

3.625%, 05/13/24

    690,000        699,583   

3.875%, 09/10/24

    3,930,000        3,892,445   

4.250%, 10/01/27

    1,020,000        1,015,826   

4.350%, 08/15/21

    10,000        10,777   

4.500%, 01/24/22

    160,000        172,635   

4.950%, 06/01/45

    1,310,000        1,313,929   

Novo Banco S.A.

   

5.875%, 11/09/15 (EUR)

    1,300,000        1,444,833   

 

MSF-199


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

  

Oversea-Chinese Banking Corp., Ltd.

   

4.250%, 06/19/24

    4,080,000      $ 4,113,807   

Royal Bank of Scotland Group plc

   

5.125%, 05/28/24

    620,000        624,925   

6.000%, 12/19/23

    460,000        489,747   

6.100%, 06/10/23

    780,000        838,144   

6.125%, 12/15/22

    390,000        422,061   

7.648%, 09/30/31 (c)

    120,000        149,400   

Royal Bank of Scotland NV

   

4.650%, 06/04/18

    410,000        423,197   

Royal Bank of Scotland plc (The)

   

13.125%, 03/19/22 (AUD) (c)

    1,580,000        1,237,832   

Santander UK Group Holdings plc

   

7.375%, 06/24/22 (GBP) (c)

    2,620,000        3,946,559   

Standard Chartered plc

   

5.700%, 03/26/44 (144A) (a)

    4,050,000        3,891,017   

UBS Group Funding Jersey, Ltd.

   

4.125%, 09/24/25 (144A)

    1,140,000        1,133,844   

Wachovia Capital Trust III

   

5.570%, 11/02/15 (a) (c)

    1,071,000        1,049,634   

Wells Fargo & Co.

   

4.300%, 07/22/27

    2,670,000        2,721,106   

4.480%, 01/16/24

    2,196,000        2,305,337   

4.650%, 11/04/44

    380,000        374,259   

5.375%, 11/02/43

    540,000        594,716   

5.606%, 01/15/44

    2,170,000        2,427,510   

Wells Fargo Capital X

   

5.950%, 12/01/86

    380,000        380,950   
   

 

 

 
      102,962,268   
   

 

 

 

Beverages—1.2%

  

Constellation Brands, Inc.

   

4.750%, 11/15/24

    4,564,000        4,609,640   

6.000%, 05/01/22

    840,000        917,700   

DS Services of America, Inc.

   

10.000%, 09/01/21 (144A)

    7,280,000        8,362,900   

PepsiCo, Inc.

   

4.000%, 03/05/42

    550,000        530,474   

Pernod-Ricard S.A.

   

4.450%, 01/15/22 (144A)

    940,000        987,397   

5.500%, 01/15/42 (144A)

    880,000        942,341   
   

 

 

 
      16,350,452   
   

 

 

 

Biotechnology—0.8%

  

Amgen, Inc.

   

3.625%, 05/22/24

    50,000        50,147   

5.375%, 05/15/43

    70,000        74,632   

Celgene Corp.

   

3.875%, 08/15/25

    2,300,000        2,300,428   

5.000%, 08/15/45

    1,260,000        1,249,792   

Concordia Healthcare Corp.

   

7.000%, 04/15/23 (144A)

    3,450,000        3,018,750   

Gilead Sciences, Inc.

   

3.500%, 02/01/25

    1,000,000        1,007,104   

Biotechnology—(Continued)

  

3.700%, 04/01/24

    2,460,000      2,517,234   
   

 

 

 
      10,218,087   
   

 

 

 

Building Materials—0.2%

  

Hardwoods Acquisition, Inc.

   

7.500%, 08/01/21 (144A)

    2,800,000        2,618,000   

NWH Escrow Corp.

   

7.500%, 08/01/21 (144A)

    550,000        500,500   
   

 

 

 
      3,118,500   
   

 

 

 

Chemicals—0.6%

  

Axiall Corp.

   

4.875%, 05/15/23 (a)

    1,710,000        1,436,400   

Eagle Spinco, Inc.

   

4.625%, 02/15/21

    2,300,000        1,946,421   

Ecolab, Inc.

   

4.350%, 12/08/21

    70,000        75,749   

OCP S.A.

   

5.625%, 04/25/24

    3,930,000        4,008,757   

Potash Corp. of Saskatchewan, Inc.

   

4.875%, 03/30/20 (a)

    40,000        44,026   
   

 

 

 
      7,511,353   
   

 

 

 

Coal—0.2%

  

Arch Coal, Inc.

   

7.000%, 06/15/19

    210,000        15,750   

9.875%, 06/15/19

    1,110,000        88,800   

Cloud Peak Energy Resources LLC / Cloud Peak Energy Finance Corp.

   

6.375%, 03/15/24 (a)

    480,000        264,000   

Murray Energy Corp.

   

11.250%, 04/15/21 (144A) (a)

    4,550,000        2,388,750   

Natural Resource Partners L.P. / NRP Finance Corp.

   

9.125%, 10/01/18

    720,000        504,000   
   

 

 

 
      3,261,300   
   

 

 

 

Commercial Services—0.6%

  

AA Bond Co., Ltd.

   

5.500%, 07/31/43 (GBP)

    2,690,000        3,838,486   

ExamWorks Group, Inc.

   

5.625%, 04/15/23

    3,480,000        3,527,850   

Service Corp. International

   

7.625%, 10/01/18

    125,000        140,937   

UBM plc

   

5.750%, 11/03/20 (144A)

    50,000        54,590   
   

 

 

 
      7,561,863   
   

 

 

 

Computers—0.1%

  

Compiler Finance Sub, Inc.

   

7.000%, 05/01/21 (144A)

    2,950,000        1,770,000   
   

 

 

 

 

MSF-200


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Distribution/Wholesale—0.1%

  

Rexel S.A.

   

5.250%, 06/15/20 (144A) (a)

    1,400,000      $ 1,431,388   
   

 

 

 

Diversified Financial Services—2.1%

  

American Express Co.

   

6.800%, 09/01/66 (c)

    1,300,000        1,314,625   

CIMPOR Financial Operations B.V.

   

5.750%, 07/17/24 (144A)

    1,340,000        899,140   

General Electric Capital Corp.

   

5.300%, 02/11/21

    650,000        747,701   

6.375%, 11/15/67 (c)

    1,160,000        1,243,375   

6.875%, 01/10/39

    4,391,000        6,147,909   

ILFC E-Capital Trust II

   

6.250%, 12/21/65 (144A) (c)

    330,000        305,250   

KKR Group Finance Co. II LLC

   

5.500%, 02/01/43 (144A)

    130,000        135,958   

Navient Corp.

   

5.875%, 10/25/24 (a)

    3,150,000        2,472,750   

8.000%, 03/25/20 (a)

    1,610,000        1,541,575   

Quicken Loans, Inc.

   

5.750%, 05/01/25 (144A) (a)

    13,900,000        13,048,625   
   

 

 

 
      27,856,908   
   

 

 

 

Electric—2.0%

  

AES Corp.

   

5.500%, 03/15/24 (a)

    650,000        576,225   

8.000%, 06/01/20 (a)

    1,000,000        1,130,000   

Calpine Corp.

   

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

    874,000        900,220   

Comision Federal de Electricidad

   

6.125%, 06/16/45 (144A)

    4,200,000        3,948,000   

Enel S.p.A.

   

7.750%, 09/10/75 (GBP) (c)

    2,450,000        3,966,373   

Exelon Corp.

   

5.625%, 06/15/35

    255,000        278,774   

FirstEnergy Corp.

   

4.250%, 03/15/23

    1,560,000        1,568,156   

7.375%, 11/15/31

    3,550,000        4,284,435   

Mirant Mid Atlantic Pass-Through Trust

   

10.060%, 12/30/28

    5,056,588        5,271,493   

Pacific Gas & Electric Co.

   

6.050%, 03/01/34

    1,180,000        1,424,799   

Perusahaan Listrik Negara PT

   

5.500%, 11/22/21

    3,960,000        3,989,700   
   

 

 

 
      27,338,175   
   

 

 

 

Electrical Components & Equipment—0.1%

  

International Wire Group Holdings, Inc.

   

8.500%, 10/15/17 (144A)

    710,000        717,100   
   

 

 

 

Electronics—0.2%

  

Sanmina Corp.

   

4.375%, 06/01/19 (144A)

    2,320,000        2,331,600   
   

 

 

 

Engineering & Construction—0.2%

  

Empresas ICA S.A.B. de C.V.

   

8.875%, 05/29/24 (144A) (a)

    1,540,000      673,750   

8.900%, 02/04/21

    1,250,000        628,125   

Michael Baker International LLC / CDL Acquisition Co., Inc.

   

8.250%, 10/15/18 (144A)

    980,000        931,000   
   

 

 

 
      2,232,875   
   

 

 

 

Entertainment—0.4%

  

Greektown Holdings LLC / Greektown Mothership Corp.

   

8.875%, 03/15/19 (144A)

    1,150,000        1,178,750   

Vougeot Bidco plc

   

7.875%, 07/15/20 (GBP)

    2,510,000        3,963,234   
   

 

 

 
      5,141,984   
   

 

 

 

Environmental Control—0.1%

  

Waste Management, Inc.

   

3.500%, 05/15/24

    980,000        994,171   

4.600%, 03/01/21

    180,000        198,534   

7.375%, 05/15/29

    190,000        252,061   
   

 

 

 
      1,444,766   
   

 

 

 

Food—1.7%

  

Cencosud S.A.

   

5.500%, 01/20/21

    3,910,000        4,061,712   

Dole Food Co., Inc.

   

7.250%, 05/01/19 (144A)

    850,000        847,875   

Grupo Bimbo S.A.B. de C.V.

   

4.500%, 01/25/22

    3,950,000        4,082,325   

JBS Investments GmbH

   

7.750%, 10/28/20

    3,780,000        3,874,500   

Kraft Foods Group, Inc.

   

3.500%, 06/06/22

    570,000        581,539   

Kraft Heinz Foods Co.

   

3.950%, 07/15/25 (144A) (a)

    280,000        286,491   

4.875%, 02/15/25 (144A)

    1,937,000        2,067,166   

5.000%, 07/15/35 (144A)

    380,000        396,944   

5.200%, 07/15/45 (144A)

    520,000        550,706   

Kroger Co. (The)

   

6.900%, 04/15/38

    180,000        226,534   

Mondelez International, Inc.

   

4.000%, 02/01/24

    1,480,000        1,533,672   

R&R Ice Cream plc

   

5.500%, 05/15/20 (GBP)

    2,550,000        3,879,846   
   

 

 

 
      22,389,310   
   

 

 

 

Forest Products & Paper—0.2%

  

Appvion, Inc.

   

9.000%, 06/01/20 (144A)

    1,580,000        790,000   

Klabin Finance S.A.

   

5.250%, 07/16/24 (144A)

    1,980,000        1,752,300   

Smurfit Kappa Treasury Funding, Ltd.

   

7.500%, 11/20/25

    275,000        334,812   
   

 

 

 
      2,877,112   
   

 

 

 

 

MSF-201


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Products—0.9%

  

Becton Dickinson & Co.

   

3.734%, 12/15/24

    420,000      $ 427,568   

4.685%, 12/15/44

    110,000        110,091   

DJO Finance LLC / DJO Finance Corp.

   

10.750%, 04/15/20 (144A)

    560,000        560,000   

DJO Finco, Inc. / DJO Finance LLC / DJO Finance Corp.

   

8.125%, 06/15/21 (144A)

    4,570,000        4,455,750   

Medtronic, Inc.

   

3.500%, 03/15/25

    3,500,000        3,571,204   

Universal Hospital Services, Inc.

   

7.625%, 08/15/20

    2,810,000        2,634,375   

Zimmer Biomet Holdings, Inc.

   

4.450%, 08/15/45

    1,100,000        1,016,861   
   

 

 

 
      12,775,849   
   

 

 

 

Healthcare-Services—1.3%

  

DaVita HealthCare Partners, Inc.

   

5.000%, 05/01/25

    3,460,000        3,321,600   

5.125%, 07/15/24

    730,000        716,860   

HCA, Inc.

   

4.750%, 05/01/23

    590,000        592,065   

5.375%, 02/01/25

    5,280,000        5,227,200   

7.500%, 02/15/22

    360,000        406,800   

Priory Group No. 3 plc

   

8.875%, 02/15/19 (GBP)

    2,550,000        3,982,880   

Tenet Healthcare Corp.

   

8.125%, 04/01/22

    1,840,000        1,955,736   

UnitedHealth Group, Inc.

   

4.750%, 07/15/45

    670,000        707,262   
   

 

 

 
      16,910,403   
   

 

 

 

Holding Companies-Diversified—0.8%

  

Co-operative Group Holdings, Ltd.

   

7.500%, 07/08/26 (GBP)

    2,410,000        3,922,357   

DH Services Luxembourg S.a.r.l.

   

7.750%, 12/15/20 (144A) (a)

    6,940,000        7,009,400   
   

 

 

 
      10,931,757   
   

 

 

 

Home Builders—0.9%

  

Taylor Morrison Communities, Inc. / Monarch Communities, Inc.

   

5.250%, 04/15/21 (144A)

    3,955,000        3,935,225   

5.875%, 04/15/23 (144A)

    780,000        780,000   

William Lyon Homes, Inc.

   

7.000%, 08/15/22

    5,180,000        5,322,450   

8.500%, 11/15/20

    2,430,000        2,606,175   
   

 

 

 
      12,643,850   
   

 

 

 

Household Products/Wares—0.2%

  

Sun Products Corp. (The)

   

7.750%, 03/15/21 (144A) (a)

    3,380,000        2,881,450   
   

 

 

 

Insurance—0.1%

  

American International Group, Inc.

   

3.750%, 07/10/25

    1,380,000      1,401,434   

6.250%, 03/15/87

    453,000        493,770   
   

 

 

 
      1,895,204   
   

 

 

 

Internet—0.3%

  

Alibaba Group Holding, Ltd.

   

3.125%, 11/28/21

    4,240,000        4,071,808   
   

 

 

 

Iron/Steel—0.6%

  

ArcelorMittal

   

5.250%, 02/25/17

    380,000        376,200   

Glencore Funding LLC

   

2.875%, 04/16/20 (144A) (a)

    2,890,000        2,312,000   

4.000%, 04/16/25 (144A)

    6,580,000        5,083,050   
   

 

 

 
      7,771,250   
   

 

 

 

Leisure Time—0.3%

  

NCL Corp., Ltd.

   

5.250%, 11/15/19 (144A)

    3,680,000        3,751,318   
   

 

 

 

Lodging—0.6%

  

Hilton Worldwide Finance LLC / Hilton Worldwide Finance Corp.

   

5.625%, 10/15/21

    3,800,000        3,923,500   

MGM Resorts International

   

6.625%, 12/15/21

    4,180,000        4,284,500   
   

 

 

 
      8,208,000   
   

 

 

 

Media—1.8%

  

21st Century Fox America, Inc.

   

6.200%, 12/15/34

    10,000        11,428   

6.650%, 11/15/37

    70,000        83,533   

CCO Holdings LLC / CCO Holdings Capital Corp.

   

5.375%, 05/01/25 (144A) (a)

    880,000        801,900   

6.500%, 04/30/21

    1,740,000        1,748,700   

7.000%, 01/15/19

    39,000        39,780   

CCO Safari II LLC

   

6.384%, 10/23/35 (144A)

    10,000        10,117   

6.484%, 10/23/45 (144A)

    450,000        453,983   

Comcast Cable Communications Holdings, Inc.

   

9.455%, 11/15/22

    230,000        320,933   

Comcast Corp.

   

3.375%, 08/15/25

    840,000        846,460   

5.650%, 06/15/35

    10,000        11,531   

6.500%, 11/15/35

    370,000        470,938   

6.550%, 07/01/39

    270,000        342,823   

6.950%, 08/15/37

    130,000        171,106   

CSC Holdings LLC

   

5.250%, 06/01/24

    1,000,000        788,750   

6.750%, 11/15/21

    2,010,000        1,798,950   

 

MSF-202


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—(Continued)

  

DISH DBS Corp.

   

5.875%, 07/15/22 (a)

    1,755,000      $ 1,553,175   

5.875%, 11/15/24

    2,450,000        2,080,969   

6.750%, 06/01/21

    75,000        72,234   

NBCUniversal Media LLC

   

4.375%, 04/01/21

    220,000        241,026   

Numericable-SFR SAS

   

6.000%, 05/15/22 (144A)

    4,390,000        4,230,863   

Time Warner Cable, Inc.

   

6.750%, 06/15/39

    50,000        50,012   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH

   

5.500%, 01/15/23 (144A)

    3,000,000        2,996,250   

Univision Communications, Inc.

   

5.125%, 02/15/25 (144A)

    2,960,000        2,775,000   

6.750%, 09/15/22 (144A)

    1,400,000        1,449,000   

Viacom, Inc.

   

4.250%, 09/01/23

    240,000        235,112   
   

 

 

 
      23,584,573   
   

 

 

 

Mining—2.8%

  

Alcoa, Inc.

   

5.125%, 10/01/24

    2,125,000        2,024,063   

Barminco Finance Pty, Ltd.

   

9.000%, 06/01/18 (144A) (a)

    1,670,000        1,214,925   

Barrick Gold Corp.

   

3.850%, 04/01/22

    280,000        255,771   

4.100%, 05/01/23 (a)

    8,040,000        7,114,684   

6.950%, 04/01/19

    130,000        145,574   

Barrick North America Finance LLC

   

4.400%, 05/30/21

    400,000        388,675   

BHP Billiton Finance USA, Ltd.

   

3.250%, 11/21/21

    590,000        597,112   

5.000%, 09/30/43

    750,000        758,589   

Freeport-McMoRan, Inc.

   

3.550%, 03/01/22 (a)

    275,000        206,250   

4.000%, 11/14/21

    7,910,000        6,169,800   

Joseph T Ryerson & Son, Inc.

   

9.000%, 10/15/17

    2,120,000        1,892,100   

Midwest Vanadium Pty, Ltd.

   

11.500%, 02/15/18 (144A) (d) (e)

    1,000,000        40,000   

Mirabela Nickel, Ltd.

   

1.000%, 09/10/44 (144A) (e) (f)

    3,418        0   

Rio Tinto Finance USA plc

   

2.250%, 12/14/18 (a)

    240,000        238,604   

Rio Tinto Finance USA, Ltd.

   

1.875%, 11/02/15

    10,000        10,007   

3.500%, 11/02/20

    100,000        103,905   

3.750%, 06/15/25

    7,330,000        7,149,689   

4.125%, 05/20/21

    130,000        136,279   

Vedanta Resources plc

   

8.250%, 06/07/21 (a)

    1,120,000        784,470   

Yamana Gold, Inc.

   

4.950%, 07/15/24 (a)

    9,130,000        8,158,020   
   

 

 

 
      37,388,517   
   

 

 

 

Miscellaneous Manufacturing—0.4%

  

Actuant Corp.

   

5.625%, 06/15/22

    3,380,000      3,371,550   

CBC Ammo LLC / CBC FinCo, Inc.

   

7.250%, 11/15/21 (144A)

    1,400,000        1,281,000   

General Electric Co.

   

4.500%, 03/11/44

    260,000        269,437   

Techniplas LLC

   

10.000%, 05/01/20 (144A)

    740,000        680,800   
   

 

 

 
      5,602,787   
   

 

 

 

Oil & Gas—5.2%

  

Anadarko Finance Co.

   

7.500%, 05/01/31

    80,000        97,612   

Anadarko Petroleum Corp.

   

4.500%, 07/15/44 (a)

    800,000        711,598   

6.450%, 09/15/36

    220,000        242,031   

Antero Resources Corp.

   

5.125%, 12/01/22

    1,200,000        1,032,000   

Apache Corp.

   

3.250%, 04/15/22 (a)

    574,000        558,833   

4.250%, 01/15/44 (a)

    260,000        221,065   

Blue Racer Midstream LLC / Blue Racer Finance Corp.

   

6.125%, 11/15/22 (144A) (a)

    1,310,000        1,244,500   

BP Capital Markets plc

   

3.245%, 05/06/22

    270,000        271,736   

California Resources Corp.

   

6.000%, 11/15/24 (a)

    3,490,000        2,078,731   

Calumet Specialty Products Partners L.P. / Calumet Finance Corp.

   

7.625%, 01/15/22

    780,000        725,400   

Carrizo Oil & Gas, Inc.

   

7.500%, 09/15/20 (a)

    2,100,000        1,963,500   

Chesapeake Energy Corp.

   

5.750%, 03/15/23 (a)

    2,430,000        1,584,815   

6.125%, 02/15/21 (a)

    4,550,000        3,170,781   

Comstock Resources, Inc.

   

10.000%, 03/15/20 (144A) (a)

    3,260,000        2,265,700   

Concho Resources, Inc.

   

6.500%, 01/15/22 (a)

    1,400,000        1,379,000   

ConocoPhillips Holding Co.

   

6.950%, 04/15/29

    375,000        464,631   

Continental Resources, Inc.

   

7.125%, 04/01/21

    840,000        864,150   

Devon Energy Corp.

   

3.250%, 05/15/22 (a)

    160,000        153,642   

5.000%, 06/15/45 (a)

    2,220,000        2,011,358   

Devon Financing Corp. LLC

   

7.875%, 09/30/31

    140,000        171,297   

Empresa Nacional del Petroleo

   

5.250%, 08/10/20

    3,690,000        3,856,585   

Ensco plc

   

5.200%, 03/15/25 (a)

    750,000        570,806   

Gulfport Energy Corp.

   

7.750%, 11/01/20

    290,000        284,925   

 

MSF-203


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Oil & Gas—(Continued)

  

Hercules Offshore, Inc.

   

6.750%, 04/01/22 (144A)

    530,000      $ 106,000   

7.500%, 10/01/21 (144A)

    140,000        28,000   

Hess Corp.

   

8.125%, 02/15/19

    90,000        105,108   

KCA Deutag UK Finance plc

   

7.250%, 05/15/21 (144A)

    1,430,000        1,022,450   

Kerr-McGee Corp.

   

6.950%, 07/01/24

    290,000        339,485   

7.875%, 09/15/31

    285,000        353,944   

Linn Energy LLC / Linn Energy Finance Corp.

   

6.500%, 05/15/19 (a)

    1,380,000        379,500   

Magnum Hunter Resources Corp.

   

9.750%, 05/15/20 (a)

    1,740,000        783,000   

MEG Energy Corp.

   

6.375%, 01/30/23 (144A)

    3,600,000        2,817,000   

6.500%, 03/15/21 (144A)

    290,000        237,800   

Murphy Oil USA, Inc.

   

6.000%, 08/15/23

    3,950,000        4,038,875   

Oasis Petroleum, Inc.

   

6.500%, 11/01/21

    3,500,000        2,765,000   

Occidental Petroleum Corp.

   

2.700%, 02/15/23 (a)

    390,000        376,707   

3.125%, 02/15/22

    110,000        110,871   

4.625%, 06/15/45

    230,000        231,567   

Pacific Drilling V, Ltd.

   

7.250%, 12/01/17 (144A) (a)

    2,000,000        1,360,000   

Pacific Exploration and Production Corp.

   

5.375%, 01/26/19 (144A) (a)

    1,660,000        614,200   

Parker Drilling Co.

   

6.750%, 07/15/22

    830,000        647,400   

Parsley Energy LLC / Parsley Finance Corp.

   

7.500%, 02/15/22 (144A) (a)

    1,660,000        1,610,200   

Petrobras Global Finance B.V.

   

5.375%, 01/27/21 (a)

    4,720,000        3,433,800   

Puma International Financing S.A.

   

6.750%, 02/01/21 (144A)

    2,050,000        2,029,500   

QEP Resources, Inc.

   

5.250%, 05/01/23

    2,650,000        2,215,400   

6.875%, 03/01/21

    2,130,000        1,959,600   

Quicksilver Resources, Inc.

   

11.000%, 07/01/21 (d)

    1,140,000        57,000   

Range Resources Corp.

   

4.875%, 05/15/25 (144A) (a)

    1,630,000        1,452,738   

5.000%, 08/15/22 (a)

    870,000        769,950   

Rice Energy, Inc.

   

6.250%, 05/01/22 (a)

    3,440,000        3,068,067   

7.250%, 05/01/23 (144A) (a)

    870,000        815,625   

Samson Investment Co.

   

9.750%, 02/15/20

    3,750,000        56,250   

Sanchez Energy Corp.

   

6.125%, 01/15/23 (a)

    2,610,000        1,748,700   

7.750%, 06/15/21 (a)

    1,500,000        1,110,000   

Shell International Finance B.V.

   

4.125%, 05/11/35

    470,000        457,214   

4.375%, 05/11/45

    1,550,000        1,532,721   

Oil & Gas—(Continued)

  

Ultra Petroleum Corp.

   

5.750%, 12/15/18 (144A) (a)

    780,000      561,600   

Whiting Canadian Holding Co. ULC

   

8.125%, 12/01/19 (a)

    3,200,000        3,088,000   

WPX Energy, Inc.

   

7.500%, 08/01/20 (a)

    1,090,000        997,350   

8.250%, 08/01/23 (a)

    1,260,000        1,143,450   
   

 

 

 
      70,348,768   
   

 

 

 

Oil & Gas Services—0.5%

  

CGG S.A.

   

6.500%, 06/01/21 (a)

    2,840,000        1,624,480   

6.875%, 01/15/22

    220,000        122,100   

7.750%, 05/15/17

    187,000        145,860   

Exterran Holdings, Inc.

   

7.250%, 12/01/18

    1,780,000        1,744,400   

Freeport-McMoran Oil & Gas LLC / FCX Oil & Gas, Inc.

   

6.500%, 11/15/20

    163,000        147,006   

FTS International, Inc.

   

6.250%, 05/01/22 (a)

    1,770,000        548,700   

Globe Luxembourg SCA

   

9.625%, 05/01/18 (144A)

    1,500,000        1,252,500   

Gulfmark Offshore, Inc.

   

6.375%, 03/15/22 (a)

    2,080,000        1,242,800   
   

 

 

 
      6,827,846   
   

 

 

 

Packaging & Containers—0.9%

  

Ardagh Finance Holdings S.A.

   

8.625%, 06/15/19 (144A) (b)

    783,976        799,656   

Ardagh Packaging Finance plc

   

9.125%, 10/15/20 (144A)

    1,845,000        1,923,412   

Ardagh Packaging Finance plc / Ardagh MP Holdings USA, Inc.

   

9.125%, 10/15/20 (144A)

    340,000        354,450   

Ball Corp.

   

5.250%, 07/01/25

    3,690,000        3,636,938   

Coveris Holdings S.A.

   

7.875%, 11/01/19 (144A)

    1,360,000        1,288,600   

Pactiv LLC

   

8.375%, 04/15/27

    3,180,000        3,005,100   

Reynolds Group Issuer, Inc. / Reynolds Group Issuer LLC

   

6.875%, 02/15/21

    480,000        496,848   

Rock Tenn Co.

   

4.000%, 03/01/23

    140,000        143,665   
   

 

 

 
      11,648,669   
   

 

 

 

Pharmaceuticals—1.5%

  

AbbVie, Inc.

   

3.600%, 05/14/25

    1,220,000        1,203,246   

Actavis Funding SCS

   

3.450%, 03/15/22

    450,000        444,842   

3.800%, 03/15/25

    690,000        666,567   

 

MSF-204


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

  

Actavis Funding SCS

   

4.550%, 03/15/35

    460,000      $ 423,228   

4.750%, 03/15/45

    1,430,000        1,298,374   

Baxalta, Inc.

   

5.250%, 06/23/45 (144A)

    260,000        262,430   

BioScrip, Inc.

   

8.875%, 02/15/21

    5,342,000        4,113,340   

DPx Holdings B.V.

   

7.500%, 02/01/22 (144A)

    830,000        838,300   

GlaxoSmithKline Capital plc

   

2.850%, 05/08/22

    470,000        469,188   

JLL/Delta Dutch Pledgeco B.V.

   

8.750%, 05/01/20 (144A) (b)

    2,750,000        2,777,500   

Merck & Co., Inc.

   

2.750%, 02/10/25

    290,000        282,269   

Teva Pharmaceutical Finance Co. B.V.

   

3.650%, 11/10/21

    23,000        23,279   

Valeant Pharmaceuticals International, Inc.

   

6.125%, 04/15/25 (144A)

    7,070,000        6,734,175   

Wyeth LLC

   

5.950%, 04/01/37

    170,000        204,260   

Zoetis, Inc.

   

3.250%, 02/01/23

    120,000        115,249   
   

 

 

 
      19,856,247   
   

 

 

 

Pipelines—0.7%

  

El Paso Natural Gas Co. LLC

   

8.375%, 06/15/32

    190,000        214,570   

Genesis Energy L.P. / Genesis Energy Finance Corp.

   

6.000%, 05/15/23

    1,630,000        1,434,400   

6.750%, 08/01/22

    800,000        750,800   

Hiland Partners L.P. / Hiland Partner Finance Corp.

   

7.250%, 10/01/20 (144A)

    400,000        420,500   

Kinder Morgan, Inc.

   

7.800%, 08/01/31

    67,000        68,512   

MarkWest Energy Partners L.P. / MarkWest Energy Finance Corp.

   

4.875%, 12/01/24

    3,040,000        2,781,600   

Regency Energy Partners L.P. / Regency Energy Finance Corp.

   

5.875%, 03/01/22

    780,000        799,320   

Sabine Pass Liquefaction LLC

   

5.625%, 02/01/21

    820,000        760,550   

Southern Natural Gas Co. LLC

   

5.900%, 04/01/17 (144A)

    10,000        10,532   

8.000%, 03/01/32

    25,000        27,178   

Targa Resources Partners L.P. / Targa Resources Partners Finance Corp.

   

4.250%, 11/15/23 (a)

    410,000        341,325   

Tesoro Logistics L.P. / Tesoro Logistics Finance Corp.

   

6.250%, 10/15/22 (144A)

    670,000        653,250   

Pipelines—(Continued)

  

Williams Cos., Inc. (The)

   

7.500%, 01/15/31

    45,000      $ 39,004   

7.750%, 06/15/31

    14,000        12,400   

7.875%, 09/01/21

    436,000        443,020   

8.750%, 03/15/32

    255,000        242,618   
   

 

 

 
      8,999,579   
   

 

 

 

Real Estate—0.6%

  

Country Garden Holdings Co., Ltd.

   

7.250%, 04/04/21 (a)

    3,990,000        4,019,925   

Grainger plc

   

5.000%, 12/16/20 (GBP)

    2,550,000        3,953,046   
   

 

 

 
      7,972,971   
   

 

 

 

Real Estate Investment Trusts—0.2%

  

CTR Partnership L.P. / CareTrust Capital Corp.

   

5.875%, 06/01/21

    2,410,000        2,458,200   
   

 

 

 

Retail—2.3%

  

1011778 BC ULC / New Red Finance, Inc.

   

6.000%, 04/01/22 (144A) (a)

    1,960,000        1,989,400   

CVS Health Corp.

   

3.875%, 07/20/25

    560,000        577,253   

4.875%, 07/20/35

    540,000        566,606   

5.125%, 07/20/45

    1,440,000        1,547,932   

Dollar Tree, Inc.

   

5.250%, 03/01/20 (144A)

    360,000        369,144   

5.750%, 03/01/23 (144A)

    3,690,000        3,828,375   

First Cash Financial Services, Inc.

   

6.750%, 04/01/21

    370,000        370,000   

Guitar Center, Inc.

   

6.500%, 04/15/19 (144A) (a)

    1,900,000        1,748,000   

9.625%, 04/15/20 (144A) (a)

    1,940,000        1,629,600   

L Brands, Inc.

   

5.625%, 02/15/22

    6,100,000        6,450,750   

5.625%, 10/15/23

    1,330,000        1,413,125   

6.950%, 03/01/33

    60,000        62,250   

Neiman Marcus Group, Ltd. LLC

   

8.750%, 10/15/21 (144A) (b)

    4,140,000        4,264,200   

Suburban Propane Partners L.P. / Suburban Energy Finance Corp.

   

5.500%, 06/01/24

    1,570,000        1,452,250   

5.750%, 03/01/25

    840,000        795,900   

Vista Outdoor, Inc.

   

5.875%, 10/01/23 (144A)

    3,530,000        3,582,950   
   

 

 

 
      30,647,735   
   

 

 

 

Savings & Loans—0.3%

  

Nationwide Building Society

   

6.875%, 06/20/19 (GBP) (c)

    2,640,000        3,908,394   
   

 

 

 

Semiconductors—0.2%

  

Intel Corp.

   

3.700%, 07/29/25 (a)

    80,000        82,077   

4.900%, 07/29/45

    120,000        124,220   

 

MSF-205


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Semiconductors—(Continued)

  

NXP B.V. / NXP Funding LLC

   

4.625%, 06/15/22 (144A) (a)

    3,000,000      $ 2,977,500   
   

 

 

 
      3,183,797   
   

 

 

 

Software—0.4%

  

Activision Blizzard, Inc.

   

5.625%, 09/15/21 (144A)

    3,130,000        3,294,325   

6.125%, 09/15/23 (144A)

    770,000        818,125   

First Data Corp.

   

8.250%, 01/15/21 (144A)

    1,070,000        1,110,125   

11.750%, 08/15/21

    650,000        721,500   
   

 

 

 
      5,944,075   
   

 

 

 

Telecommunications—3.4%

  

Altice Financing S.A.

   

6.625%, 02/15/23 (144A)

    4,140,000        3,982,163   

Bharti Airtel International Netherlands B.V.

   

5.350%, 05/20/24

    3,810,000        4,078,731   

CenturyLink, Inc.

   

5.625%, 04/01/20 (a)

    1,210,000        1,126,050   

5.625%, 04/01/25 (144A)

    1,670,000        1,327,650   

6.750%, 12/01/23

    1,290,000        1,128,750   

HC2 Holdings, Inc.

   

11.000%, 12/01/19 (144A)

    4,350,000        4,154,250   

Neptune Finco Corp.

   

6.625%, 10/15/25 (144A)

    2,680,000        2,700,100   

Rogers Communications, Inc.

   

6.800%, 08/15/18

    160,000        181,036   

Sprint Capital Corp.

   

8.750%, 03/15/32

    2,520,000        1,959,300   

Sprint Corp.

   

7.625%, 02/15/25

    1,790,000        1,386,131   

Telefonica Europe B.V.

   

6.750%, 11/26/20 (GBP) (c)

    2,400,000        3,699,580   

Verizon Communications, Inc.

   

5.150%, 09/15/23

    2,870,000        3,170,460   

6.400%, 09/15/33

    1,766,000        2,023,123   

6.550%, 09/15/43

    4,179,000        4,937,254   

Virgin Media Finance plc

   

6.000%, 10/15/24 (144A)

    3,060,000        2,945,250   

6.375%, 10/15/24 (GBP)

    2,510,000        3,776,877   

West Corp.

   

5.375%, 07/15/22 (144A)

    4,110,000        3,796,613   
   

 

 

 
      46,373,318   
   

 

 

 

Transportation—1.0%

  

Florida East Coast Holdings Corp.

   

6.750%, 05/01/19 (144A)

    3,870,000        3,792,600   

Navios Maritime Acquisition Corp. / Navios Acquisition Finance U.S., Inc.

   

8.125%, 11/15/21 (144A)

    4,670,000        4,319,750   

XPO Logistics, Inc.

   

6.500%, 06/15/22 (144A)

    5,640,000        4,769,325   

7.875%, 09/01/19 (144A)

    490,000        477,750   
   

 

 

 
      13,359,425   
   

 

 

 

Water—0.3%

  

Anglian Water Osprey Financing plc

   

5.000%, 04/30/23 (GBP)

    2,650,000      3,958,676   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $709,806,495)

      656,351,379   
   

 

 

 
Mortgage-Backed Securities—28.2%   

Collateralized Mortgage Obligations—16.7%

  

American Home Mortgage Assets Trust

   

0.384%, 12/25/46 (c)

    4,079,434        2,800,621   

American Home Mortgage Investment Trust

   

0.414%, 06/25/45 (c)

    810,972        755,444   

0.774%, 11/25/45 (c)

    739,716        634,464   

Banc of America Funding Trust

   

0.386%, 05/20/36 (c)

    467,068        447,154   

Banc of America Mortgage Trust

   

2.484%, 12/25/34 (c)

    12,086        11,789   

2.852%, 09/25/35 (c)

    181,925        166,661   

BCAP LLC Trust

   

0.397%, 10/28/36 (144A) (c)

    4,608,573        4,404,182   

1.983%, 11/26/36 (144A) (c)

    6,470,000        6,427,622   

2.795%, 05/26/47 (144A) (c)

    8,275,198        5,575,694   

Bear Stearns Asset-Backed Securities I Trust

   

32.743%, 07/25/36 (c)

    918,649        1,545,386   

Citigroup Mortgage Loan Trust, Inc.

   

2.723%, 12/25/35 (c)

    2,312,415        2,034,849   

CitiMortgage Alternative Loan Trust

   

34.531%, 07/25/37 (c)

    2,279,312        4,036,809   

Countrywide Alternative Loan Trust

   

0.426%, 07/20/35 (c)

    2,574,228        2,199,477   

0.464%, 01/25/36 (c)

    347,872        310,135   

5.500%, 10/25/33

    12,655        12,922   

5.750%, 01/25/37

    3,987,851        3,527,190   

6.000%, 01/25/37

    4,306,321        3,886,197   

16.513%, 06/25/35 (c)

    2,908,380        3,561,794   

22.218%, 02/25/36 (c)

    2,654,646        3,565,450   

27.824%, 07/25/36 (c)

    4,659,214        7,987,663   

37.837%, 08/25/37 (c)

    2,323,077        4,386,785   

Countrywide Alternative Loan Trust Resecuritization

   

6.000%, 08/25/37

    9,836,277        7,930,806   

Countrywide Home Loan Mortgage Pass-Through Trust

   

2.428%, 11/25/34 (c)

    123,885        107,210   

Countrywide Home Loan Reperforming Loan REMIC Trust

   

0.554%, 03/25/35 (144A) (c)

    963,819        858,742   

0.614%, 11/25/34 (144A) (c)

    102,431        90,312   

5.896%, 03/25/35 (144A) (c) (g)

    11,693,030        1,488,499   

Credit Suisse Mortgage Trust

   

0.385%, 06/27/46 (144A) (c)

    4,539,963        4,268,383   

2.403%, 01/27/36 (144A) (c)

    3,907,676        3,955,503   

4.500%, 06/27/36 (144A)

    2,237,570        2,240,445   

29.459%, 02/25/36 (c)

    2,607,313        3,771,804   

 

MSF-206


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Deutsche ALT-A Securities, Inc. Mortgage Loan Trust

   

1.853%, 08/25/35 (c)

    66,575      $ 51,760   

DSLA Mortgage Loan Trust

   

0.426%, 03/19/45 (c)

    217,731        195,272   

1.103%, 03/19/46 (c)

    1,702,859        1,281,257   

Fannie Mae Connecticut Avenue Securities

   

3.194%, 07/25/24 (c)

    8,670,000        7,842,379   

5.444%, 10/25/23 (c)

    2,780,000        2,934,312   

Freddie Mac Structured Agency Credit Risk Debt Notes

   

4.694%, 02/25/24 (c)

    2,210,000        2,214,455   

4.944%, 10/25/24 (c)

    5,925,000        5,990,234   

GreenPoint MTA Trust

   

0.634%, 06/25/45 (c)

    1,981,333        1,742,445   

GS Mortgage Securities Corp.

   

1.031%, 06/26/36 (144A) (c)

    7,760,000        5,492,028   

GSMPS Mortgage Loan Trust

   

0.544%, 09/25/35 (144A) (c)

    4,059,922        3,456,204   

0.594%, 04/25/36 (144A) (c)

    1,074,408        898,529   

GSR Mortgage Loan Trust

   

2.790%, 10/25/35 (c)

    483,615        420,923   

HarborView Mortgage Loan Trust

   

0.466%, 01/19/36 (c)

    1,250,082        845,420   

1.016%, 11/19/34 (c)

    2,453,497        2,167,836   

1.194%, 10/25/37 (c)

    2,212,060        1,944,976   

Impac Secured Assets CMN Owner Trust

   

0.514%, 03/25/36 (c)

    1,193,020        862,242   

Impac Secured Assets Trust

   

0.544%, 08/25/36 (c)

    98,176        95,824   

IndyMac INDX Mortgage Loan Trust

   

0.914%, 01/25/35 (c)

    1,419,234        1,099,577   

2.617%, 03/25/35 (c)

    726,180        715,104   

2.764%, 05/25/37 (c)

    5,227,874        3,972,672   

JPMorgan Mortgage Trust

   

6.500%, 01/25/36

    140,634        124,641   

JPMorgan Resecuritization Trust

   

0.409%, 07/27/46 (144A) (c)

    6,408,094        5,988,274   

Lehman Mortgage Trust

   

6.436%, 02/25/37 (c) (g)

    10,319,239        3,558,899   

Lehman XS Trust

   

0.354%, 03/25/47 (c)

    4,236,388        3,378,812   

0.394%, 08/25/46 (c)

    3,511,603        2,843,078   

Luminent Mortgage Trust

   

0.384%, 05/25/46 (c)

    1,564,834        1,194,126   

MASTR Adjustable Rate Mortgages Trust

   

2.611%, 11/25/35 (144A) (c)

    86,960        66,956   

MASTR Seasoned Securitization Trust

   

3.393%, 10/25/32 (c)

    212,855        208,356   

Merrill Lynch Mortgage Investors Trust

   

2.616%, 08/25/33 (c)

    1,173,662        1,090,348   

2.731%, 05/25/34 (c)

    146,304        145,815   

Morgan Stanley Mortgage Loan Trust

   

0.514%, 01/25/35 (c)

    1,462,985        1,365,521   

Collateralized Mortgage Obligations—(Continued)

  

Nomura Resecuritization Trust

   

0.339%, 07/26/37 (144A) (c)

    3,498,481      $ 3,379,430   

0.381%, 05/26/46 (144A) (c)

    17,785,312        10,572,150   

0.451%, 02/26/46 (144A) (c)

    4,868,000        4,082,661   

NovaStar Mortgage Funding Trust

   

0.384%, 09/25/46 (c)

    1,259,544        1,074,616   

Prime Mortgage Trust

   

5.500%, 05/25/35 (144A)

    1,666,719        1,680,701   

6.000%, 05/25/35 (144A)

    3,206,115        3,149,290   

RBSGC Mortgage Loan Trust

   

0.644%, 01/25/37 (c)

    1,194,442        779,271   

Residential Accredit Loans, Inc. Trust

   

0.374%, 12/25/36 (c)

    2,893,171        2,235,377   

0.384%, 05/25/47 (c)

    1,931,354        1,584,208   

0.394%, 05/25/47 (c)

    3,771,574        3,097,236   

0.404%, 04/25/46 (c)

    1,979,991        1,016,171   

0.454%, 04/25/46 (c)

    1,027,346        534,986   

0.524%, 04/25/46 (c)

    1,437,931        766,807   

1.442%, 11/25/37 (c)

    6,265,091        4,033,372   

Residential Asset Securitization Trust

   

5.750%, 02/25/36

    3,430,437        3,215,825   

6.356%, 12/25/36 (c) (g)

    16,103,909        5,421,252   

Sequoia Mortgage Trust

   

1.083%, 06/20/33 (c)

    181,676        176,889   

Structured Adjustable Rate Mortgage Loan Trust

   

0.839%, 04/25/35 (c)

    4,625,340        3,904,273   

1.699%, 09/25/37 (c)

    5,751,370        5,021,538   

2.402%, 01/25/35 (c)

    912,374        902,763   

2.792%, 09/25/35 (c)

    1,151,998        973,026   

Structured Asset Mortgage Investments II Trust

   

0.404%, 05/25/46 (c)

    295,757        219,459   

0.474%, 02/25/36 (c)

    5,703,478        4,608,005   

2.516%, 08/25/35 (c)

    137,121        131,752   

Structured Asset Securities Corp. Trust

   

0.544%, 03/25/35 (c)

    2,915,419        2,262,190   

WaMu Mortgage Pass-Through Certificates Trust

   

0.464%, 12/25/45 (c)

    1,002,025        958,405   

0.484%, 07/25/45 (c)

    28,798        26,870   

0.484%, 10/25/45 (c)

    913,465        844,803   

1.009%, 07/25/47 (c)

    197,050        62,800   

1.909%, 03/25/47 (c)

    3,464,188        2,767,564   

2.138%, 09/25/36 (c)

    1,355,883        1,206,652   

2.545%, 10/25/34 (c)

    1,163,296        1,174,304   

6.486%, 04/25/37 (c) (g)

    15,664,838        5,043,827   

Wells Fargo Mortgage-Backed Securities Trust

   

2.663%, 06/25/35 (c)

    89,827        90,273   

2.706%, 04/25/36 (c)

    151,582        147,913   

2.734%, 10/25/35 (c)

    112,177        112,786   
   

 

 

 
      224,437,712   
   

 

 

 

Commercial Mortgage-Backed Securities—11.5%

  

Americold 2010 LLC Trust

   

4.954%, 01/14/29 (144A)

    500,000        554,579   

BAMLL Mezzanine Securities Trust

   

8.686%, 12/15/19 (144A) (c)

    5,700,000        5,685,750   

 

MSF-207


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

Bear Stearns Commercial Mortgage Securities Trust

   

6.383%, 06/11/50 (c)

    1,040,000      $ 1,047,578   

BLCP Hotel Trust

   

5.935%, 08/15/29 (144A) (c)

    4,933,951        4,903,283   

Carefree Portfolio Trust

   

6.184%, 11/15/19 (144A) (c)

    1,000,000        996,043   

7.929%, 11/15/29 (144A) (c)

    6,000,000        5,972,318   

CD Mortgage Trust

   

5.535%, 01/15/46 (c)

    100,000        100,690   

Citigroup Commercial Mortgage Trust

   

3.142%, 09/15/17 (144A) (c)

    7,250,000        6,805,046   

3.208%, 07/10/47 (144A)

    4,398,000        2,881,834   

6.349%, 12/10/49 (c)

    9,063,000        8,424,339   

Commercial Mortgage Pass-Through Certificates Mortgage Trust

   

3.000%, 12/10/47 (144A)

    2,230,000        1,606,543   

4.493%, 03/10/46 (144A) (c)

    2,710,000        1,957,677   

4.699%, 08/10/48 (144A) (c)

    5,800,000        4,023,360   

Credit Suisse Commercial Mortgage Trust

   

4.373%, 09/15/37 (144A)

    1,620,000        1,511,113   

5.373%, 12/15/39

    1,360,209        1,317,161   

5.998%, 06/15/38 (c)

    3,028,161        2,944,626   

9.168%, 03/15/17 (144A) (c)

    6,400,000        6,352,363   

Credit Suisse European Mortgage Capital, Ltd.

   

7.165%, 07/20/22 (144A) (EUR) (c)

    2,100,090        2,346,789   

DBUBS Mortgage Trust

   

3.750%, 08/10/44 (144A)

    5,180,000        2,857,443   

FREMF Mortgage Trust

   

2.532%, 06/25/21 (144A) (c)

    4,871,292        4,872,524   

4.194%, 09/25/22 (144A) (c)

    6,693,434        6,697,107   

GE Business Loan Trust

   

0.627%, 05/15/34 (144A) (c)

    1,363,097        1,236,344   

GMAC Commercial Mortgage Securities, Inc.

   

5.349%, 11/10/45 (c)

    2,210,000        2,177,330   

GS Mortgage Securities Trust

   

5.622%, 11/10/39

    1,225,143        1,234,709   

5.629%, 04/10/38 (c)

    1,270,000        1,269,223   

Hyatt Hotel Portfolio Trust

   

6.432%, 11/15/16 (144A) (c)

    2,000,000        1,974,981   

JPMorgan Chase Commercial Mortgage Securities Trust

   

3.507%, 08/15/27 (144A) (c)

    460,000        461,874   

3.807%, 06/15/29 (144A) (c)

    3,540,000        3,509,967   

5.386%, 05/15/47 (c)

    2,280,000        1,935,173   

5.411%, 05/15/47

    2,360,000        2,026,674   

5.502%, 06/12/47 (c)

    3,120,000        3,084,139   

6.432%, 10/15/19 (144A) (c)

    9,900,000        9,854,709   

6.435%, 06/15/29 (144A) (c)

    2,000,000        1,995,128   

LB-UBS Commercial Mortgage Trust

   

6.455%, 09/15/45 (c)

    1,100,000        1,015,754   

ML-CFC Commercial Mortgage Trust

   

5.450%, 08/12/48 (c)

    1,318,000        1,296,679   

6.193%, 09/12/49 (c)

    3,473,000        3,450,703   

6.222%, 09/12/49 (c)

    5,780,000        5,745,667   

Commercial Mortgage-Backed Securities—(Continued)

  

Morgan Stanley Capital I Trust

   

5.399%, 12/15/43

    3,561,053      3,314,005   

6.114%, 06/11/49 (c)

    1,680,000        1,684,544   

PFP III, Ltd.

   

4.294%, 06/14/31 (144A) (c)

    1,280,000        1,278,163   

UBS-Barclays Commercial Mortgage Trust

   

5.000%, 05/10/63 (144A) (c)

    4,530,000        2,265,812   

Wachovia Bank Commercial Mortgage Trust

   

0.407%, 12/15/43 (144A) (c)

    646,000        626,332   

5.413%, 12/15/43 (c)

    2,393,290        2,414,609   

5.765%, 01/15/45 (144A) (c)

    6,466,500        6,309,060   

5.825%, 07/15/45 (c)

    1,720,000        1,728,972   

Waterfall Commercial Mortgage Trust

   

4.104%, 09/19/22 (144A)

    9,230,000        9,236,086   

WF-RBS Commercial Mortgage Trust

   

3.016%, 11/15/47 (144A)

    4,441,004        2,911,433   

3.250%, 06/15/46 (144A)

    8,240,000        6,222,724   
   

 

 

 
      154,118,960   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $370,096,865)

      378,556,672   
   

 

 

 
Foreign Government—10.3%   

Regional Government—0.2%

  

Japan Finance Organization for Municipalities

   

4.000%, 01/13/21

    1,900,000        2,098,611   
   

 

 

 

Sovereign—10.1%

  

Argentina Bonar Bond

   

7.000%, 04/17/17

    13,910,000        13,573,455   

Hungary Government International Bond

   

5.750%, 11/22/23

    12,214,000        13,588,075   

Indonesia Government International Bond

   

5.250%, 01/17/42

    22,090,000        19,784,886   

Jamaica Government International Bond

   

6.750%, 04/28/28 (h)

    3,370,000        3,386,850   

Kazakhstan Government International Bond

   

5.125%, 07/21/25

    13,880,000        13,362,276   

Mexico Government International Bond

   

4.750%, 03/08/44

    21,870,000        19,956,375   

Nigeria Government International Bond

   

6.375%, 07/12/23

    3,720,000        3,289,968   

Peruvian Government International Bond

   

4.125%, 08/25/27

    13,930,000        13,651,400   

Poland Government International Bond

   

4.000%, 01/22/24

    19,410,000        20,526,075   

Portugal Government International Bond

   

5.125%, 10/15/24 (144A)

    14,000,000        14,834,680   
   

 

 

 
      135,954,040   
   

 

 

 

Total Foreign Government
(Cost $139,357,249)

      138,052,651   
   

 

 

 

 

MSF-208


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Asset-Backed Securities—7.9%

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Automobile—0.1%

  

Hertz Corp. (The)

   

3.520%, 03/25/21

    1,300,000      $ 1,299,741   
   

 

 

 

Asset-Backed - Home Equity—0.7%

   

ABFC Trust

   

0.854%, 03/25/35 (c)

    2,482,334        1,966,815   

ACE Securities Corp. Home Equity Loan Trust

   

0.534%, 01/25/36 (c)

    618,917        86,141   

Asset-Backed Securities Corp. Home Equity Loan Trust

   

3.057%, 04/15/33 (c)

    14,908        14,293   

Bear Stearns Asset-Backed Securities Trust

   

0.934%, 01/25/34 (c)

    28,144        27,073   

EMC Mortgage Loan Trust

   

0.649%, 05/25/43 (144A) (c)

    758,128        743,531   

0.849%, 05/25/43 (144A) (c)

    7,660,000        6,277,699   

0.894%, 01/25/41 (144A) (c)

    86,399        84,086   

SASCO Mortgage Loan Trust

   

0.474%, 04/25/35 (c)

    11,486        11,410   

Structured Asset Securities Corp. Mortgage Loan Trust

   

0.414%, 02/25/36 (144A) (c)

    2,692,673        213,098   
   

 

 

 
      9,424,146   
   

 

 

 

Asset-Backed - Manufactured Housing—1.4%

  

Access Financial Manufactured Housing Contract Trust

   

7.650%, 05/15/21

    1,709,996        986,707   

Conseco Financial Corp.

   

7.030%, 07/15/28

    7,245,701        6,951,779   

Greenpoint Manufactured Housing

   

2.899%, 03/18/29 (c)

    525,000        457,230   

3.562%, 06/19/29 (c)

    375,000        326,250   

3.702%, 02/20/30 (c)

    350,000        304,500   

Manufactured Housing Contract Trust Pass-Through Certificates

   

3.691%, 02/20/32 (c)

    275,000        252,486   

3.694%, 03/13/32 (c)

    475,000        430,683   

Mid-State Trust VI

   

7.340%, 07/01/35

    246,457        263,675   

Origen Manufactured Housing Contract Trust

   

2.644%, 10/15/37 (c)

    2,072,574        1,849,471   

2.645%, 04/15/37 (c)

    1,847,966        1,633,101   

UCFC Manufactured Housing Contract

   

7.095%, 04/15/29 (c)

    4,850,000        4,789,938   
   

 

 

 
      18,245,820   
   

 

 

 

Asset-Backed - Other—3.2%

  

ACE Home Equity Loan Trust

   

0.454%, 02/25/31 (c)

    123,924        120,397   

Amortizing Residential Collateral Trust

   

1.994%, 08/25/32 (c)

    52,254        41,704   

Bear Stearns Asset-Backed Securities Trust

   

6.000%, 10/25/36

    2,187,040        1,789,261   

Countrywide Asset-Backed Certificates Trust

   

2.069%, 06/25/34 (c)

    183,938        167,434   

Asset-Backed - Other—(Continued)

  

Countrywide Revolving Home Equity Loan Resecuritization Trust

   

0.507%, 12/15/33 (144A) (c)

    289,914      $ 241,561   

Countrywide Revolving Home Equity Loan Trust

   

0.347%, 07/15/36 (c)

    618,444        529,019   

First Horizon Asset-Backed Trust

   

0.354%, 10/25/34 (c)

    77,255        69,349   

GSAMP Trust

   

0.394%, 01/25/36 (c)

    104,490        25,255   

1.169%, 06/25/34 (c)

    578,934        550,995   

GSRPM Mortgage Loan Trust

   

0.494%, 03/25/35 (144A) (c)

    706,481        693,272   

Home Equity Mortgage Loan Asset-Backed Notes

   

0.364%, 04/25/36 (c)

    197,703        145,110   

HSI Asset Securitization Corp. Trust

   

0.614%, 11/25/35 (c)

    4,000,000        3,329,796   

Long Beach Mortgage Loan Trust

   

0.736%, 01/21/31 (c)

    24,245        22,692   

LSTAR Securities Investment Trust

   

1.000%, 09/01/20 (144A) (c)

    7,000,000        6,999,888   

Magnus Dritte Immobilienbesitz und Verwaltungs 1 GmbH

   

7.250%, 07/01/24 (144A) (EUR)

    4,214,000        4,921,604   

Magnus Relda Holding Vier GmbH

   

7.000%, 10/28/24 (144A) (EUR)

    5,940,000        6,940,055   

Oaktree CLO, Ltd.

   

5.909%, 10/20/27 (144A) (c)

    7,050,000        6,061,244   

RAAC Trust

   

0.449%, 02/25/37 (144A) (c)

    490,296        483,995   

SACO I Trust

   

0.454%, 06/25/36 (c)

    461,225        770,879   

0.534%, 03/25/36 (c)

    124,325        187,334   

Sofi Consumer Loan Program

   

3.280%, 09/15/23 (144A)

    9,470,000        9,498,594   
   

 

 

 
      43,589,438   
   

 

 

 

Asset-Backed - Student Loan—2.5%

  

DRB Prime Student Loan Trust

   

2.148%, 10/27/31 (144A) (c)

    6,740,000        6,740,000   

3.170%, 07/25/31 (144A)

    6,190,000        6,189,009   

Earnest Student Loan Investment Trust

   

1.000%, 07/19/35 (144A) (c) (e)

    2,500,000        2,529,154   

4.050%, 09/01/39 (144A) (e)

    500,000        500,507   

National Collegiate Student Loan Trust

   

0.464%, 03/26/29 (c)

    2,250,000        2,069,642   

1.044%, 03/25/38 (c)

    8,959,008        6,352,054   

Nelnet Student Loan Trust

   

Zero Coupon, 03/22/32 (c)

    6,200,000        5,787,173   

Northstar Education Finance, Inc.

   

1.273%, 10/30/45 (c)

    100,000        79,339   

SoFi Professional Loan Program LLC

   

Zero Coupon, 08/25/36 (144A)

    500        2,875,000   
   

 

 

 
      33,121,878   
   

 

 

 

Total Asset-Backed Securities
(Cost $106,532,988)

      105,681,023   
   

 

 

 

 

MSF-209


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

U.S. Treasury & Government Agencies—0.8%

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—0.5%

  

Fannie Mae 15 Yr. Pool

   

5.500%, 12/01/16

    2,276      $ 2,314   

6.500%, 03/01/16

    57        57   

6.500%, 09/01/16

    619        621   

6.500%, 12/01/16

    2,979        3,037   

6.500%, 01/01/17

    2,003        2,045   

Fannie Mae 20 Yr. Pool

   

8.500%, 08/01/19

    11,906        12,685   

Fannie Mae 30 Yr. Pool

   

6.500%, 08/01/31

    1,362        1,556   

6.500%, 10/01/31

    2,071        2,366   

6.500%, 03/01/32

    13,986        15,977   

6.500%, 06/01/37

    34,924        39,896   

7.000%, 05/01/26

    1,751        1,944   

7.000%, 07/01/30

    289        299   

7.000%, 01/01/31

    434        498   

7.000%, 09/01/31

    4,174        4,536   

7.000%, 10/01/31

    3,506        4,127   

7.000%, 11/01/31

    30,192        33,862   

7.000%, 01/01/32

    6,116        6,315   

7.000%, 02/01/32

    4,806        5,022   

7.500%, 12/01/29

    512        525   

7.500%, 02/01/30

    359        364   

7.500%, 06/01/30

    653        658   

7.500%, 08/01/30

    93        96   

7.500%, 09/01/30

    882        1,041   

7.500%, 11/01/30

    10,885        11,628   

7.500%, 02/01/31

    4,660        4,938   

8.000%, 08/01/27

    1,353        1,541   

8.000%, 07/01/30

    925        1,160   

8.000%, 09/01/30

    799        880   

Fannie Mae REMICS (CMO)

   

0.544%, 05/25/34 (c)

    192,064        193,521   

9.750%, 11/25/18

    239,800        261,813   

9.750%, 08/25/19

    80,484        87,932   

Freddie Mac 15 Yr. Gold Pool

   

7.000%, 05/01/16

    1,092        1,097   

Freddie Mac 30 Yr. Gold Pool

   

6.000%, 12/01/36

    1,355        1,522   

6.000%, 02/01/37

    44,394        50,078   

6.500%, 09/01/31

    9,591        10,965   

7.000%, 03/01/39

    232,413        263,583   

Freddie Mac 30 Yr. Pool

   

7.000%, 07/01/31

    2,076        2,412   

Freddie Mac ARM Non-Gold Pool

   

1.846%, 05/01/37 (c)

    59,901        62,776   

1.971%, 02/01/37 (c)

    27,332        28,742   

2.000%, 03/01/37 (c)

    112,206        117,870   

2.022%, 04/01/37 (c)

    54,264        56,979   

2.194%, 01/01/38 (c)

    33,266        35,454   

2.495%, 05/01/37 (c)

    75,656        81,014   

2.497%, 02/01/36 (c)

    55,831        59,956   

Freddie Mac REMICS (CMO)

   

1,156.500%, 06/15/21 (g)

    7        115   

Ginnie Mae II ARM Pool

   

1.730%, 01/20/60 (c)

    834,957        857,144   

2.109%, 05/20/60 (c)

    781,292        807,620   

Agency Sponsored Mortgage - Backed—(Continued)

  

Government National Mortgage Association (CMO)

   

0.980%, 04/16/52 (c) (g)

    18,097,325      778,276   

1.052%, 09/16/56 (c) (g)

    20,192,029        1,721,270   

1.191%, 03/16/47 (c) (g)

    13,757,721        619,097   
   

 

 

 
      6,259,224   
   

 

 

 

Federal Agencies—0.3%

  

Tennessee Valley Authority

   

3.875%, 02/15/21

    150,000        166,316   

5.250%, 09/15/39

    400,000        496,259   

5.980%, 04/01/36

    2,490,000        3,307,629   
   

 

 

 
      3,970,204   
   

 

 

 

U.S. Treasury—0.0%

  

U.S. Treasury Notes

   

0.250%, 10/31/15

    70,000        70,003   

0.375%, 11/15/15 (a)

    270,000        270,069   

1.500%, 08/31/18

    220,000        223,730   

2.500%, 05/15/24

    10,000        10,416   
   

 

 

 
      574,218   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $10,514,721)

      10,803,646   
   

 

 

 
Floating Rate Loans (i)—0.6%                

Electric—0.4%

   

Energy Future Intermediate Holding Co. LLC

   

Term Loan, 4.250%, 06/19/16

    6,240,991        6,230,587   
   

 

 

 

Software—0.1%

   

First Data Corp.

   

Extended Term Loan, 3.696%, 03/24/18

    1,047,353        1,039,908   
   

 

 

 

Specialty Retail—0.1%

   

Staples, Inc.

   

Term Loan B,
0.000%, 04/07/21 (j)

    700,000        698,292   
   

 

 

 

Total Floating Rate Loans
(Cost $7,956,338)

      7,968,787   
   

 

 

 
Convertible Bonds—0.4%                

Internet—0.4%

   

LinkedIn Corp.

   

0.500%, 11/01/19 (144A)

    5,400,000        5,315,625   
   

 

 

 

Mining—0.0%

   

Mirabela Nickel, Ltd.

   

9.500%, 06/24/19 (144A) (b) (e)

    966,683        483,342   
   

 

 

 

Total Convertible Bonds
(Cost $6,225,924)

      5,798,967   
   

 

 

 

 

MSF-210


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Municipals—0.1%

 

Security Description   Shares/
Principal/
Notional
Amount*
    Value  

Virginia Housing Development Authority

   

6.000%, 06/25/34
(Cost $1,003,703)

    1,017,689      $ 1,064,787   
   

 

 

 
Preferred Stock—0.1%                

Banks—0.1%

   

Citigroup Capital XIII, 7.875% (c)
(Cost $1,009,688)

    35,900        922,271   
   

 

 

 
Common Stocks—0.0%                

Marine—0.0%

   

Deep Ocean Group
Holding A/S (f) (k) (l)

    44,744        288,420   
   

 

 

 

Metals & Mining—0.0%

   

Mirabela Nickel, Ltd. (f)(k)

    901,134        0   
   

 

 

 

Total Common Stocks
(Cost $1,010,298)

      288,420   
   

 

 

 
Purchased Options—0.0%                

Credit Default Swaptions—0.0%

   

Call - CDX.NA.IG.25, Exercise rate 0.800%, Expires 12/16/15 (Counterparty -
JPMorgan Chase Bank N.A.)

    154,000,000        153,888   
   

 

 

 

Currency Option—0.0%

   

EUR Call/GBP Put, Strike Price GBP 0.7767, Expires 10/06/15
(Counterparty - Barclays Bank plc) (EUR)

    9,550,000        20   
   

 

 

 

Total Purchased Options
(Cost $435,092)

      153,908   
   

 

 

 
Short-Term Investments—4.8%                

Mutual Fund—3.5%

   

State Street Navigator Securities Lending MET Portfolio (m)

    47,818,513        47,818,513   
   

 

 

 

Repurchase Agreements—1.3%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $1,653,609 on 10/01/15, collateralized by $1,660,000 U.S. Treasury Note at 1.500%
due 12/31/18 with a value of $1,689,050.

    1,653,609        1,653,609   

Repurchase Agreements—(Continued)

   

Royal Bank of Scotland plc
Repurchase Agreement
dated 09/30/15 at 0.080% to
be repurchased at $15,500,034
on 10/01/15, collateralized by $15,699,000 U.S. Treasury Note at 1.375%
due 05/31/20 with a value of $15,727,258.

    15,500,000      15,500,000   
   

 

 

 
      17,153,609   
   

 

 

 

Total Short-Term Investments
(Cost $64,972,122)

      64,972,122   
   

 

 

 

Total Investments – 102.1%
(Cost $1,418,921,483) (n)

      1,370,614,633   

Other assets and liabilities
(net) – (2.1)%

      (28,261,359
   

 

 

 
Net Assets—100.0%     $ 1,342,353,274   
   

 

 

 

 

* Principal and notional amounts stated in U.S. dollars unless otherwise noted.
(a) All or a portion of the security was held on loan. As of September 30, 2015, the market value of securities loaned was $88,953,778 and the collateral received consisted of cash in the amount of $47,818,513 and non-cash collateral with a value of $47,560,593. 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) Payment-in-kind security for which part of the income earned may be paid as additional principal.
(c) Variable or floating rate security. The stated rate represents the rate at September 30, 2015. Maturity date shown for callable securities reflects the earliest possible call date.
(d) Non-income producing; security is in default and/or issuer is in bankruptcy.
(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, 2015, the market value of restricted securities was $3,553,003, which is 0.3% of net assets. See details shown in the Restricted Securities table that follows.
(f) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2015, these securities represent less than 0.05% of net assets.
(g) Interest only security.
(h) Principal amount of security is adjusted for inflation.

 

MSF-211


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

(i) Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will have an expected average life of approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(j) This loan will settle after September 30, 2015, at which time the interest rate will be determined.
(k) Non-income producing security.
(l) Illiquid security. As of September 30, 2015, these securities represent 0.0% of net assets.
(m) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(n) As of September 30, 2015, the aggregate cost of investments was $1,418,921,483. The aggregate unrealized appreciation and depreciation of investments were $24,040,676 and $(72,347,526), respectively, resulting in net unrealized depreciation of $(48,306,850).
(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, 2015, the market value of 144A securities was $465,894,051, which is 34.7% of net assets.
(ARM)— Adjustable-Rate Mortgage
(AUD)— Australian Dollar
(CDX.NA.IG)— Markit North America Investment Grade CDS Index
(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  

Earnest Student Loan Investment Trust

   07/30/15    $ 2,500,000       $ 2,562,500       $ 2,529,154   

Earnest Student Loan Investment Trust

   09/21/15      500,000         503,750         500,507   

Midwest Vanadium Pty, Ltd.

   05/05/11- 05/24/11      1,000,000         1,031,250         40,000   

Mirabela Nickel, Ltd.

   06/06/14 - 06/30/14      966,683         966,683         483,342   

Mirabela Nickel, Ltd.

   09/10/14      3,418                 0   
           

 

 

 
            $ 3,553,003   
           

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
BRL     56,525,000      

JPMorgan Chase Bank N.A.

     10/16/15       $ 14,496,192       $ (308,717
CAD     7,711,001      

Citibank N.A.

     10/16/15         5,894,359         (116,632
CAD     36,070,000      

Citibank N.A.

     10/16/15         27,675,263         (648,600
EUR     60,140,000      

Bank of America N.A.

     10/16/15         68,137,417         (923,201
EUR     32,650,000      

Barclays Bank plc

     10/16/15         35,691,870         798,721   
EUR     43,018      

Citibank N.A.

     10/16/15         47,189         890   
EUR     25,937,973      

Citibank N.A.

     10/16/15         29,028,275         (39,241
GBP     3,270,000      

Barclays Bank plc

     10/16/15         5,095,562         (149,221
ILS     15,038,700      

Citibank N.A.

     10/16/15         4,000,000         (166,139
INR     1,790,140,000      

Citibank N.A.

     10/16/15         27,862,101         (644,276
JPY     1,702,800,000      

Bank of America N.A.

     10/16/15         14,123,033         73,392   
JPY     1,743,130,000      

Bank of America N.A.

     10/16/15         13,947,774         584,887   
JPY     3,290,896,054      

Barclays Bank plc

     10/16/15         27,459,534         (22,982
KRW     15,989,942,205      

Citibank N.A.

     10/16/15         13,599,202         (115,844
MXN     8,710,000      

Bank of America N.A.

     10/16/15         550,395         (35,749
MXN     66,585,194      

Citibank N.A.

     10/16/15         4,082,729         (148,423
MXN     741,762,643      

Morgan Stanley & Co. International plc

     10/16/15         43,923,769         (95,383
MYR     53,280,000      

Bank of America N.A.

     10/16/15         13,739,041         (1,630,225
NZD     38,270,000      

Barclays Bank plc

     10/16/15         25,082,043         (641,022

 

MSF-212


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Forward Foreign Currency Exchange Contracts—(Continued)

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
RUB     1,384,358,808      

Citibank N.A.

     10/16/15       $ 20,975,133       $ 122,926   
SGD     38,537,925      

Bank of America N.A.

     10/16/15         27,443,778         (374,957
SGD     48,310,000      

Bank of America N.A.

     10/16/15         34,337,296         (404,625
TWD     1,304,390,000      

Citibank N.A.

     10/16/15         40,327,408         (712,445

Contracts to Deliver

                           
AUD     40,048,649      

Citibank N.A.

     10/16/15         29,616,777         1,528,359   
BRL     203,223,240      

Bank of America N.A.

     10/05/15         50,953,090         (247,882
BRL     50,805,810      

Bank of America N.A.

     10/05/15         12,529,176         (271,067
BRL     56,525,000      

Citibank N.A.

     10/16/15         17,071,882         2,884,407   
CAD     34,570,000      

Citibank N.A.

     10/16/15         26,046,022         143,285   
CAD     3,557,001      

Citibank N.A.

     10/16/15         2,711,094         45,891   
CAD     3,557,001      

Citibank N.A.

     10/16/15         2,697,070         31,867   
CAD     2,958,001      

Citibank N.A.

     10/16/15         2,248,210         31,828   
CAD     855,001      

Citibank N.A.

     10/16/15         649,024         8,386   
EUR     5,466,053      

Barclays Bank plc

     10/16/15         6,022,907         (86,113
EUR     60,070,000      

Citibank N.A.

     10/16/15         69,658,674         2,522,691   
EUR     59,960,000      

Citibank N.A.

     10/16/15         66,146,073         (866,970
EUR     119,001      

Citibank N.A.

     10/16/15         133,751         752   
EUR     101,001      

Citibank N.A.

     10/16/15         112,560         (322
EUR     1,789,241      

UBS AG

     11/13/15         1,946,186         (54,402
EUR     151,001      

UBS AG

     11/13/15         168,022         (816
GBP     3,270,000      

Barclays Bank plc

     10/16/15         5,092,391         146,049   
GBP     26,560,000      

Citibank N.A.

     10/16/15         40,781,685         605,892   
GBP     16,350,000      

Citibank N.A.

     10/16/15         25,190,445         458,735   
GBP     5,610,000      

Citibank N.A.

     10/16/15         8,591,979         106,053   
GBP     2,700,000      

Citibank N.A.

     10/16/15         4,190,999         106,864   
GBP     2,400,000      

Citibank N.A.

     10/16/15         3,721,066         90,723   
GBP     525,001      

Citibank N.A.

     10/16/15         819,928         25,789   
GBP     5,360,000      

Citibank N.A.

     11/13/15         8,158,418         51,752   
ILS     15,038,700      

Citibank N.A.

     10/16/15         3,945,301         111,441   
JPY     3,445,930,000      

Bank of America N.A.

     10/16/15         27,729,446         (999,639
KRW     15,989,942,205      

Bank of America N.A.

     10/16/15         14,090,538         607,179   
MXN     522,962,414      

Barclays Bank plc

     10/16/15         33,168,478         2,268,299   
MXN     206,797,586      

Citibank N.A.

     10/16/15         13,051,366         832,357   
MYR     53,280,000      

Bank of America N.A.

     10/16/15         12,685,714         576,898   
NZD     37,100,000      

Barclays Bank plc

     10/16/15         24,734,273         1,040,469   
SGD     48,310,000      

Bank of America N.A.

     10/16/15         34,296,464         363,794   
TWD     1,304,390,000      

Citibank N.A.

     10/16/15         42,093,391         2,478,428   
             

 

 

 

Net Unrealized Appreciation

  

   $ 8,944,111   
             

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

90 Day EuroDollar Futures

     12/19/16         311         USD         75,966,898       $ 1,048,364   

U.S. Treasury Long Bond Futures

     12/21/15         386         USD         60,827,255         (92,567

U.S. Treasury Note 10 Year Futures

     12/21/15         1,628         USD         207,828,932         1,750,631   

U.S. Treasury Ultra Long Bond Futures

     12/21/15         257         USD         41,028,785         195,621   

 

MSF-213


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Futures Contracts—(Continued)

 

Futures Contracts—Short

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

90 Day EuroDollar Futures

     03/14/16         (1,407     USD         (348,985,915   $ (934,985

Euro-Bobl Futures

     12/08/15         (236     EUR         (30,264,251     (206,126

Euro-Bund Futures

     12/08/15         (229     EUR         (35,124,842     (718,117

U.S. Treasury Note 2 Year Futures

     12/31/15         (267     USD         (58,457,820     (23,524

U.S. Treasury Note 5 Year Futures

     12/31/15         (1,047     USD         (125,396,582     (783,277
            

 

 

 

Net Unrealized Appreciation

             $ 236,020   
            

 

 

 

Written Options

 

Foreign Currency
Written Options

  Strike
Price
 

Counterparty

 

Expiration Date

   Notional
Amount
    Premiums
Received
    Market
Value
     Unrealized
Appreciation/
(Depreciation)
 

USD Call/BRL Put

  BRL 3.867   Bank of America N.A.   10/01/15      (65,700,000   $ (584,730   $ (1,989,724    $ (1,404,994

USD Put/BRL Call

  BRL 3.555   Bank of America N.A.   10/01/15      (65,700,000     (584,730             584,730   
          

 

 

   

 

 

    

 

 

 

Totals

  

  $ (1,169,460   $ (1,989,724    $ (820,264
          

 

 

   

 

 

    

 

 

 

 

Credit Default
Swaptions

  Strike
Rate
 

Counterparty

 

Reference
Obligation

  Buy/Sell
Protection
    Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation
 

Call - 5 Yr. CDS

  0.750%   JPMorgan Chase Bank N.A.   CDX.NA.IG.25     Buy        12/16/15        USD        (308,000,000   $ (308,000   $ (140,202   $ 167,798   

Put - 5 Yr. CDS

  1.100%   JPMorgan Chase Bank N.A.   CDX.NA.IG.25     Sell        12/16/15        USD        (154,000,000     (454,300     (454,300       
               

 

 

   

 

 

   

 

 

 

Totals

  

  $ (762,300   $ (594,502   $ 167,798   
               

 

 

   

 

 

   

 

 

 

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 amount 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      $ 1,805,474      $ (4,084   $ 1,809,558   
             

 

 

   

 

 

   

 

 

 

 

(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.

OTC Interest Rate Swaps

 

Pay/Receive Floating Rate

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

Pay

     1 Day CDI         14.850     01/04/21        Bank of America N.A.        BRL        190,843,760      $ (667,971   $      $ (667,971
               

 

 

   

 

 

   

 

 

 

Securities in the amount of $1,659,957 have been received at the custodian bank as collateral for OTC swap contracts

 

(AUD)— Australian Dollar
(BRL)— Brazilian Real
(CAD)— Canadian Dollar
(EUR)— Euro
(GBP)— British Pound
(ILS)— Israeli Shekel
(INR)— Indian Rupee

 

MSF-214


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

(JPY)— Japanese Yen
(KRW)— South Korea Won
(MXN)— Mexican Peso
(MYR)— Malaysian Ringgit
(NZD)— New Zealand Dollar
(RUB)— Russian Ruble
(SGD)— Singapore Dollar
(TWD)— Taiwanese Dollar
(USD)— United States Dollar
(CDI)— Brazil Interbank Deposit Rate
(CDS)— Credit Default Swap
(CDX.NA.IG)— Markit North America Investment Grade CDS Index

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, 2015:

 

Description    Level 1      Level 2      Level 3      Total  
Corporate Bonds & Notes            

Advertising

   $ —         $ 117,810       $ —         $ 117,810   

Aerospace/Defense

     —           1,967,237         —           1,967,237   

Agriculture

     —           11,596,202         —           11,596,202   

Airlines

     —           18,281         —           18,281   

Auto Manufacturers

     —           8,383,842         —           8,383,842   

Auto Parts & Equipment

     —           3,848,500         —           3,848,500   

Banks

     —           102,962,268         —           102,962,268   

Beverages

     —           16,350,452         —           16,350,452   

Biotechnology

     —           10,218,087         —           10,218,087   

Building Materials

     —           3,118,500         —           3,118,500   

Chemicals

     —           7,511,353         —           7,511,353   

Coal

     —           3,261,300         —           3,261,300   

Commercial Services

     —           7,561,863         —           7,561,863   

Computers

     —           1,770,000         —           1,770,000   

Distribution/Wholesale

     —           1,431,388         —           1,431,388   

Diversified Financial Services

     —           27,856,908         —           27,856,908   

Electric

     —           27,338,175         —           27,338,175   

Electrical Components & Equipment

     —           717,100         —           717,100   

Electronics

     —           2,331,600         —           2,331,600   

Engineering & Construction

     —           2,232,875         —           2,232,875   

Entertainment

     —           5,141,984         —           5,141,984   

Environmental Control

     —           1,444,766         —           1,444,766   

 

MSF-215


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1     Level 2     Level 3      Total  

Food

   $ —        $ 22,389,310      $ —         $ 22,389,310   

Forest Products & Paper

     —          2,877,112        —           2,877,112   

Healthcare-Products

     —          12,775,849        —           12,775,849   

Healthcare-Services

     —          16,910,403        —           16,910,403   

Holding Companies-Diversified

     —          10,931,757        —           10,931,757   

Home Builders

     —          12,643,850        —           12,643,850   

Household Products/Wares

     —          2,881,450        —           2,881,450   

Insurance

     —          1,895,204        —           1,895,204   

Internet

     —          4,071,808        —           4,071,808   

Iron/Steel

     —          7,771,250        —           7,771,250   

Leisure Time

     —          3,751,318        —           3,751,318   

Lodging

     —          8,208,000        —           8,208,000   

Media

     —          23,584,573        —           23,584,573   

Mining

     —          37,388,517        0         37,388,517   

Miscellaneous Manufacturing

     —          5,602,787        —           5,602,787   

Oil & Gas

     —          70,348,768        —           70,348,768   

Oil & Gas Services

     —          6,827,846        —           6,827,846   

Packaging & Containers

     —          11,648,669        —           11,648,669   

Pharmaceuticals

     —          19,856,247        —           19,856,247   

Pipelines

     —          8,999,579        —           8,999,579   

Real Estate

     —          7,972,971        —           7,972,971   

Real Estate Investment Trusts

     —          2,458,200        —           2,458,200   

Retail

     —          30,647,735        —           30,647,735   

Savings & Loans

     —          3,908,394        —           3,908,394   

Semiconductors

     —          3,183,797        —           3,183,797   

Software

     —          5,944,075        —           5,944,075   

Telecommunications

     —          46,373,318        —           46,373,318   

Transportation

     —          13,359,425        —           13,359,425   

Water

     —          3,958,676        —           3,958,676   

Total Corporate Bonds & Notes

     —          656,351,379        0         656,351,379   

Total Mortgage-Backed Securities*

     —          378,556,672        —           378,556,672   

Total Foreign Government*

     —          138,052,651        —           138,052,651   

Total Asset-Backed Securities*

     —          105,681,023        —           105,681,023   

Total U.S. Treasury & Government Agencies*

     —          10,803,646        —           10,803,646   

Total Floating Rate Loans*

     —          7,968,787        —           7,968,787   

Total Convertible Bonds*

     —          5,798,967        —           5,798,967   

Total Municipals

     —          1,064,787        —           1,064,787   

Total Preferred Stock*

     922,271        —          —           922,271   

Total Common Stocks*

     —          —          288,420         288,420   

Total Purchased Options*

     —          153,908        —           153,908   
Short-Term Investments          

Mutual Fund

     47,818,513        —          —           47,818,513   

Repurchase Agreements

     —          17,153,609        —           17,153,609   

Total Short-Term Investments

     47,818,513        17,153,609        —           64,972,122   

Total Investments

   $ 48,740,784      $ 1,321,585,429      $ 288,420       $ 1,370,614,633   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (47,818,513   $ —         $ (47,818,513
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 18,649,004      $ —         $ 18,649,004   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (9,704,893     —           (9,704,893

Total Forward Contracts

   $ —        $ 8,944,111      $ —         $ 8,944,111   
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 2,994,616      $ —        $ —         $ 2,994,616   

Futures Contracts (Unrealized Depreciation)

     (2,758,596     —          —           (2,758,596

Total Futures Contracts

   $ 236,020      $ —        $ —         $ 236,020   

 

MSF-216


Table of Contents

Metropolitan Series Fund

Western Asset Management Strategic Bond Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Fair Value Hierarchy—(Continued)

 

Description    Level 1      Level 2     Level 3      Total  
Written Options           

Credit Default Swaptions at Value

   $ —         $ (594,502   $ —         $ (594,502

Foreign Currency Written Options at Value

     —           (1,989,724     —           (1,989,724

Total Written Options

   $ —         $ (2,584,226   $ —         $ (2,584,226
OTC Swap Contracts           

OTC Swap Contracts at Value (Assets)

   $ —         $ 1,805,474      $ —         $ 1,805,474   

OTC Swap Contracts at Value (Liabilities)

     —           (667,971     —           (667,971

Total OTC Swap Contracts

   $ —         $ 1,137,503      $ —         $ 1,137,503   

 

* 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, 2014
     Change in
Unrealized
Appreciation/
(Depreciation)
    Balance as of
September 30, 2015
     Change in Unrealized
Appreciation/(Depreciation)
from Investments Still Held
at September 30, 2015
 
Corporate Bonds & Notes           

Mining

   $ 0       $ 0      $ 0       $ 0   
Common Stocks           

Marine

     1,095,718         (807,298     288,420         (807,298

Metals & Mining

     21,335         (21,335     0         (21,335
  

 

 

    

 

 

   

 

 

    

 

 

 

Total

   $ 1,117,053       $ (828,633   $ 288,420       $ (828,633
  

 

 

    

 

 

   

 

 

    

 

 

 

 

MSF-217


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

U.S. Treasury & Government Agencies—80.2% of Net Assets

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—24.7%

  

 

Fannie Mae 15 Yr. Pool

   

2.500%, TBA (a)

    9,400,000      $ 9,583,006   

3.000%, TBA (a)

    38,800,000        40,403,526   

3.500%, TBA (a)

    15,000,000        15,843,750   

4.500%, 03/01/20

    83,497        87,228   

5.000%, 03/01/18

    89,530        93,017   

6.500%, 06/01/17

    30,847        31,201   

Fannie Mae 20 Yr. Pool

   

4.500%, 11/01/31

    1,219,770        1,334,066   

4.500%, 12/01/31

    1,694,306        1,855,369   

Fannie Mae 30 Yr. Pool

   

3.000%, 09/01/42

    12,050,314        12,261,473   

3.000%, TBA (a)

    7,900,000        8,006,156   

4.000%, 02/01/40

    1,063,934        1,154,901   

4.000%, 06/01/42

    9,314,594        10,112,627   

4.000%, 07/01/42

    5,006,255        5,369,328   

4.000%, 05/01/43

    22,691,280        24,549,764   

4.000%, 10/01/43

    12,428,208        13,451,473   

4.000%, TBA (a)

    48,000,000        51,200,640   

4.500%, 04/01/41

    14,245,851        15,491,958   

4.500%, 10/01/41

    10,765,122        11,697,605   

4.500%, 07/01/44

    364,013        402,538   

4.500%, 10/01/44

    2,368,286        2,607,889   

4.500%, 01/01/45

    188,123        209,071   

4.500%, TBA (a)

    7,800,000        8,455,322   

5.000%, 07/01/33

    413,832        458,129   

5.000%, 09/01/33

    501,766        554,877   

5.000%, 10/01/35

    1,386,696        1,534,532   

5.000%, 03/01/36

    2,286,911        2,519,449   

5.000%, 01/01/39

    18,403        20,567   

5.000%, 08/01/39

    40,468        44,712   

5.000%, 12/01/39

    35,343        39,534   

5.000%, 05/01/40

    60,924        68,134   

5.000%, 07/01/40

    63,347        70,876   

5.000%, 11/01/40

    1,594,756        1,778,810   

5.000%, 01/01/41

    69,526        77,523   

5.000%, 02/01/41

    87,704        97,294   

5.000%, 04/01/41

    173,028        193,001   

5.000%, 05/01/41

    3,718,275        4,159,098   

5.000%, 06/01/41

    311,071        348,047   

5.000%, 07/01/41

    3,641,778        4,007,151   

5.000%, TBA (a)

    13,900,000        15,315,248   

6.000%, 04/01/33

    107,737        122,163   

6.000%, 02/01/34

    24,666        28,134   

6.000%, 11/01/35

    253,006        288,068   

6.000%, 08/01/37

    552,051        629,588   

6.500%, 03/01/26

    1,608        1,837   

6.500%, 04/01/29

    79,026        90,277   

7.000%, 11/01/28

    2,550        2,850   

7.000%, 02/01/29

    744        744   

7.000%, 01/01/30

    2,336        2,412   

7.000%, 10/01/37

    41,655        51,015   

7.000%, 11/01/37

    33,843        37,451   

7.000%, 12/01/37

    31,726        38,463   

7.000%, 02/01/38

    25,991        28,855   

7.000%, 08/01/38

    27,315        29,660   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

7.000%, 09/01/38

    3,118      3,247   

7.000%, 11/01/38

    198,296        238,306   

7.000%, 02/01/39

    2,137,438        2,472,643   

7.500%, 04/01/32

    14,194        14,605   

8.000%, 05/01/28

    4,505        5,195   

8.000%, 07/01/32

    913        1,003   

Fannie Mae ARM Pool

   

1.754%, 07/01/37 (b)

    49,675        52,687   

Fannie Mae Interest Strip (CMO)

   

3.500%, 11/25/41 (c)

    3,814,005        718,831   

4.000%, 04/25/42 (c)

    5,524,943        1,031,604   

4.500%, 11/25/39 (c)

    3,427,958        628,495   

Fannie Mae Pool

   

3.500%, 08/01/42

    14,643,174        15,342,170   

3.500%, 09/01/42

    997,635        1,045,178   

3.500%, 10/01/42

    6,974,124        7,306,952   

3.500%, 05/01/43

    428,806        448,853   

4.000%, 10/01/42

    2,917,410        3,146,789   

4.000%, 11/01/42

    2,947,099        3,179,094   

4.000%, 07/01/43

    88,388        95,350   

4.000%, 08/01/43

    2,013,121        2,171,241   

5.000%, 05/01/40

    33,402        37,254   

6.500%, 12/01/27

    4,990        5,064   

6.500%, 05/01/32

    32,167        35,881   

Fannie Mae REMIC Trust Whole Loan

   

3.569%, 01/25/43 (b)

    412,698        420,084   

Fannie Mae REMICS (CMO)

   

Zero Coupon, 03/25/42 (d)

    814,683        749,575   

3.000%, 12/25/27 (c)

    10,545,859        1,072,474   

5.500%, 07/25/41

    7,702,190        9,082,038   

5.500%, 04/25/42

    3,552,137        3,962,789   

5.906%, 09/25/42 (b) (c)

    1,852,489        382,016   

5.906%, 07/25/43 (b) (c)

    2,238,095        524,171   

5.956%, 03/25/42 (b) (c)

    13,252,174        2,190,849   

5.956%, 12/25/42 (b) (c)

    1,454,438        355,426   

5.956%, 03/25/43 (b) (c)

    4,878,267        1,147,995   

6.000%, 05/25/42

    2,386,035        2,690,435   

6.336%, 01/25/41 (b) (c)

    2,213,947        410,537   

6.356%, 10/25/41 (b) (c)

    7,945,866        1,475,921   

6.456%, 02/25/41 (b) (c)

    1,322,323        225,813   

6.456%, 03/25/42 (b) (c)

    3,204,419        575,549   

6.500%, 06/25/39

    496,655        557,602   

6.500%, 07/25/42

    4,354,736        5,026,053   

9.750%, 11/25/18

    905,911        989,071   

9.750%, 08/25/19

    295,107        322,419   

Freddie Mac 30 Yr. Gold Pool

   

3.000%, TBA (a)

    10,000,000        10,102,581   

4.000%, 07/01/43

    6,663,174        7,192,421   

4.000%, 08/01/43

    6,765,579        7,302,970   

5.000%, 08/01/33

    32,863        36,447   

6.000%, 10/01/36

    1,430,566        1,630,973   

6.500%, 09/01/39

    523,431        599,987   

8.000%, 12/01/19

    1,632        1,647   

8.000%, 09/01/30

    5,052        6,390   

Freddie Mac 30 Yr. Non-Gold Pool

   

8.000%, 07/01/20

    2,803        2,830   

 

MSF-218


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac ARM Non-Gold Pool

   

1.846%, 05/01/37 (b)

    43,657      $ 45,752   

1.971%, 02/01/37 (b)

    19,878        20,903   

2.435%, 01/01/35 (b)

    17,756        18,959   

2.495%, 05/01/37 (b)

    57,621        61,702   

Freddie Mac Gold Pool

   

3.500%, 10/01/42

    1,459,759        1,529,298   

3.500%, 02/01/44

    658,753        690,083   

4.000%, 04/01/43

    2,124,532        2,291,161   

4.000%, 08/01/43

    1,285,926        1,387,868   

Freddie Mac REMICS (CMO)

   

4.500%, 04/15/32

    304,579        339,959   

6.000%, 05/15/36

    1,020,541        1,161,015   

6.394%, 11/15/41 (b) (c)

    4,336,428        817,772   

8.500%, 06/15/21

    15,382        16,918   

Ginnie Mae I 30 Yr. Pool

   

5.500%, 06/15/36

    744,071        845,038   

6.000%, 03/15/33

    1,175,670        1,383,598   

6.500%, 06/15/31

    4,706        5,396   

6.500%, 08/15/34

    271,013        314,064   

7.500%, 01/15/29

    2,675        2,675   

7.500%, 09/15/29

    2,496        2,821   

7.500%, 02/15/30

    1,731        1,818   

8.500%, 05/15/18

    5,940        5,966   

8.500%, 06/15/25

    37,990        45,709   

9.000%, 12/15/16

    1,005        1,011   

Ginnie Mae II 30 Yr. Pool

   

3.000%, 09/20/45

    29,500,000        30,147,625   

3.500%, TBA (a)

    40,100,000        42,015,705   

4.500%, 01/20/40

    1,310,236        1,424,494   

4.500%, 05/20/40

    1,831,470        1,991,190   

4.500%, 09/20/40

    36,185        39,341   

4.500%, 01/20/41

    276,418        301,122   

4.500%, 07/20/41

    1,923,392        2,091,148   

5.000%, 07/20/40

    1,386,524        1,541,681   

6.000%, 11/20/34

    2,353        2,687   

6.000%, 06/20/35

    3,718        4,223   

6.000%, 07/20/36

    242,910        272,200   

6.000%, 09/20/36

    11,554        12,947   

6.000%, 07/20/38

    647,482        725,557   

6.000%, 09/20/38

    1,779,319        1,993,873   

6.000%, 06/20/39

    6,692        7,587   

6.000%, 05/20/40

    148,530        168,282   

6.000%, 06/20/40

    411,646        465,300   

6.000%, 08/20/40

    210,375        238,680   

6.000%, 09/20/40

    520,555        583,325   

6.000%, 10/20/40

    326,514        365,886   

6.000%, 11/20/40

    439,832        492,868   

6.000%, 01/20/41

    413,504        463,366   

6.000%, 03/20/41

    1,871,516        2,097,188   

6.000%, 07/20/41

    371,239        416,559   

6.000%, 12/20/41

    265,673        299,944   

6.500%, 10/20/37

    506,256        583,201   

Government National Mortgage Association

   

0.533%, 02/16/53 (b) (c)

    18,871,258        859,510   

0.551%, 10/16/54 (b) (c)

    36,503,257        1,495,319   

Agency Sponsored Mortgage - Backed—(Continued)

  

Government National Mortgage Association

   

0.606%, 05/16/54 (b) (c)

    22,640,796      1,015,870   

0.700%, 03/16/49 (b) (c)

    13,847,131        580,070   

0.759%, 09/16/51 (b) (c)

    91,873,968        5,611,294   

0.869%, 05/16/54 (b) (c)

    20,196,617        1,161,245   

0.895%, 11/16/55 (b) (c)

    35,982,641        2,671,675   

0.920%, 01/16/53 (b) (c)

    15,763,399        1,158,704   

0.920%, 09/16/46 (b) (c)

    82,460,524        3,594,207   

0.927%, 06/16/55 (b) (c)

    15,613,190        913,793   

0.929%, 01/16/57 (b) (c)

    38,145,438        3,224,548   

0.955%, 09/16/55 (b) (c)

    22,531,781        1,472,948   

1.073%, 09/16/44 (b) (c)

    20,998,625        1,427,382   

1.213%, 02/16/48 (b) (c)

    13,289,636        897,821   

1.216%, 02/16/46 (b) (c)

    27,829,904        2,037,088   

2.250%, 03/16/35

    6,065,573        6,122,080   

Government National Mortgage Association (CMO)

   

0.572%, 12/20/60 (b)

    20,293,566        20,260,589   

0.592%, 12/20/60 (b)

    7,259,909        7,247,589   

0.672%, 03/20/61 (b)

    5,835,948        5,843,576   

0.692%, 12/20/60 (b)

    52,677,087        52,760,810   

1.052%, 09/16/56 (b) (c)

    46,493,685        3,963,354   

5.891%, 08/16/42 (b) (c)

    1,951,930        335,611   

6.284%, 03/20/39 (b) (c)

    698,077        72,711   

6.434%, 01/20/40 (b) (c)

    1,658,006        246,385   
   

 

 

 
      588,567,556   
   

 

 

 

Federal Agencies—38.4%

   

Federal Farm Credit Bank

   

0.375%, 03/03/16

    20,000,000        20,014,820   

0.390%, 05/09/16

    20,000,000        20,000,400   

0.450%, 02/03/16

    25,000,000        25,030,550   

0.500%, 08/23/16

    25,000,000        25,032,825   

1.100%, 06/01/18

    20,000,000        20,069,320   

1.500%, 11/16/15

    20,000,000        20,033,020   

1.950%, 11/15/17

    19,980,000        20,518,101   

Federal Home Loan Bank

   

0.340%, 01/25/16

    20,000,000        20,016,300   

0.500%, 10/17/16

    15,000,000        15,007,365   

0.625%, 11/23/16

    20,000,000        20,029,520   

0.750%, 03/24/17

    23,000,000        23,061,617   

1.375%, 12/11/15

    20,000,000        20,050,000   

2.000%, 09/09/16

    20,000,000        20,294,640   

2.125%, 06/09/23

    17,700,000        17,544,523   

2.750%, 06/08/18

    15,000,000        15,678,780   

5.250%, 12/11/20

    12,000,000        14,183,460   

Federal Home Loan Bank of Chicago

   

5.625%, 06/13/16

    43,170,000        44,705,427   

Federal Home Loan Mortgage Corp.

   

Zero Coupon, 11/29/19

    10,000,000        9,244,010   

5.000%, 12/14/18 (e)

    13,241,000        14,878,223   

Federal National Mortgage Association

   

Zero Coupon, 10/09/19

    50,000,000        46,431,500   

0.500%, 10/22/15

    30,000,000        30,007,140   

2.625%, 09/06/24

    42,000,000        43,010,268   

6.000%, 04/18/36

    9,700,000        9,987,818   

 

MSF-219


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Federal Agencies—(Continued)

  

Financing Corp. Fico

   

Zero Coupon, 10/06/17

    20,433,000      $ 20,083,453   

Zero Coupon, 05/11/18

    40,000,000        38,924,320   

Zero Coupon, 08/03/18

    7,638,000        7,401,459   

Zero Coupon, 12/27/18

    16,254,000        15,539,734   

Zero Coupon, 06/06/19

    26,414,000        25,012,526   

Zero Coupon, 09/26/19

    14,535,000        13,657,173   

Government Trust Certificates

   

Zero Coupon, 10/01/16

    8,567,000        8,478,571   

National Archives Facility Trust

   

8.500%, 09/01/19 (f)

    2,239,648        2,578,063   

New Valley Generation II

   

5.572%, 05/01/20 (f)

    7,448,570        8,242,885   

Overseas Private Investment Corp.

   

Zero Coupon, 11/18/16

    8,000,000        8,091,032   

Zero Coupon, 11/17/17

    26,000,000        27,735,640   

Zero Coupon, 07/30/19

    20,000,000        20,804,000   

Zero Coupon, 11/11/20

    8,500,000        8,521,930   

Zero Coupon, 11/13/20

    5,000,000        5,172,690   

Zero Coupon, 11/15/20

    4,700,000        4,942,755   

2.310%, 11/15/30 (f)

    8,938,653        8,794,956   

3.330%, 05/15/33 (f)

    6,977,929        7,201,530   

3.490%, 12/20/29 (f)

    11,614,674        12,196,744   

Residual Funding Corp. Principal Strip

   

Zero Coupon, 10/15/19

    10,642,000        9,967,627   

Zero Coupon, 07/15/20

    10,000,000        9,199,970   

Zero Coupon, 10/15/20

    38,159,000        34,809,403   

Tennessee Valley Authority

   

1.750%, 10/15/18

    20,000,000        20,390,300   

3.875%, 02/15/21

    35,000,000        38,807,125   

4.500%, 04/01/18

    20,000,000        21,740,000   

5.500%, 07/18/17

    23,306,000        25,287,453   
   

 

 

 
      918,410,966   
   

 

 

 

U.S. Treasury—17.1%

   

U.S. Treasury Bonds

   

3.125%, 08/15/44

    8,500,000        8,896,227   

4.750%, 02/15/41

    3,200,000        4,339,834   

U.S. Treasury Inflation Indexed Bonds

   

0.625%, 02/15/43 (f)

    7,266,210        6,120,648   

1.375%, 02/15/44 (f)

    25,088,000        25,454,837   

U.S. Treasury Inflation Indexed Note

   

0.375%, 07/15/25 (f)

    12,277,714        11,959,746   

U.S. Treasury Notes

   

0.375%, 10/31/16

    30,000,000        29,993,370   

0.500%, 08/31/16

    19,000,000        19,021,033   

0.500%, 11/30/16

    20,000,000        20,014,580   

0.875%, 11/30/16

    25,000,000        25,126,625   

0.875%, 01/31/17

    10,000,000        10,051,820   

1.500%, 07/31/16 (e)

    48,000,000        48,457,488   

1.750%, 05/15/23

    43,000,000        42,633,812   

1.875%, 11/30/21

    3,000,000        3,038,829   

2.125%, 12/31/21

    71,090,000        73,002,392   

3.125%, 01/31/17

    78,000,000        80,735,070   
   

 

 

 
      408,846,311   
   

 

 

 

Total U.S. Treasury & Government Agencies (Cost $1,890,493,983)

      1,915,824,833   
   

 

 

 
Corporate Bonds & Notes—10.3%     
Security Description   Principal
Amount*
    Value  

Banks—0.7%

   

National Australia Bank, Ltd.

   

1.250%, 03/08/18 (144A) (e)

    13,000,000      12,954,383   

Stadshypotek AB

   

1.875%, 10/02/19 (144A) (e)

    5,000,000        5,018,475   
   

 

 

 
      17,972,858   
   

 

 

 

Diversified Financial Services—8.7%

  

COP I LLC

   

3.650%, 12/05/21

    8,314,763        8,840,239   

National Credit Union Administration Guaranteed Notes

   

3.000%, 06/12/19

    19,650,000        20,889,522   

3.450%, 06/12/21

    45,000,000        48,798,000   

Postal Square, L.P.

   

6.500%, 06/15/22

    8,070,840        9,003,660   

Private Export Funding Corp.

   

1.375%, 02/15/17

    25,000,000        25,238,350   

2.250%, 12/15/17

    40,000,000        41,077,880   

2.300%, 09/15/20

    28,000,000        28,517,636   

4.950%, 11/15/15

    25,406,000        25,547,943   
   

 

 

 
      207,913,230   
   

 

 

 

Multi-National—0.2%

  

Asian Development Bank

   

2.125%, 03/19/25

    2,000,000        1,982,812   

European Investment Bank

   

2.500%, 10/15/24 (e)

    2,000,000        2,048,638   
   

 

 

 
      4,031,450   
   

 

 

 

Oil & Gas—0.7%

  

Ecopetrol S.A.

   

5.375%, 06/26/26

    4,260,000        3,716,850   

Petrobras International Finance Co. S.A.

   

5.375%, 01/27/21 (e)

    12,000,000        8,730,000   

Petroleos Mexicanos

   

6.375%, 01/23/45

    3,610,000        3,243,224   
   

 

 

 
      15,690,074   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $249,477,984)

      245,607,612   
   

 

 

 
Foreign Government—7.7%   

Sovereign—7.7%

  

Colombia Government International Bond

   

5.625%, 02/26/44

    4,840,000        4,525,400   

Indonesia Government International Bonds

   

3.750%, 04/25/22 (144A)

    410,000        390,486   

3.750%, 04/25/22

    1,900,000        1,809,571   

4.875%, 05/05/21

    2,957,000        3,053,020   

5.875%, 03/13/20

    310,000        337,833   

5.875%, 01/15/24 (144A)

    1,060,000        1,122,230   

 

MSF-220


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Foreign Government—(Continued)

 

Security Description   Principal
Amount*
    Value  

Sovereign—(Continued)

  

Israel Government AID Bonds

   

Zero Coupon, 08/15/16

    28,251,000      $ 28,096,665   

Zero Coupon, 09/15/16

    10,000,000        9,942,580   

Zero Coupon, 11/15/18

    20,869,000        20,129,862   

5.500%, 12/04/23

    24,290,000        29,926,470   

5.500%, 04/26/24

    20,950,000        25,932,434   

Mexico Government International Bond

   

5.550%, 01/21/45

    11,480,000        11,752,650   

Peruvian Government International Bond

   

5.625%, 11/18/50

    4,000,000        4,130,000   

Poland Government International Bond

   

4.000%, 01/22/24 (e)

    7,870,000        8,322,525   

Turkey Government International Bonds

   

5.625%, 03/30/21

    1,078,000        1,125,162   

5.750%, 03/22/24

    4,290,000        4,446,585   

6.250%, 09/26/22

    2,205,000        2,356,594   

7.000%, 03/11/19

    1,660,000        1,823,228   

7.500%, 11/07/19

    540,000        606,663   

Ukraine Government AID Bond

   

1.844%, 05/16/19

    25,000,000        25,283,625   
   

 

 

 

Total Foreign Government
(Cost $182,380,640)

      185,113,583   
   

 

 

 
Mortgage-Backed Securities—7.4%   

Collateralized Mortgage Obligations—5.9%

  

American Home Mortgage Assets Trust

   

0.384%, 09/25/46 (b)

    903,845        638,824   

0.384%, 12/25/46 (b)

    2,739,694        1,880,860   

Banc of America Funding Corp.

   

0.349%, 02/27/37 (144A) (b)

    13,865,810        12,963,145   

2.089%, 06/20/35 (b)

    345,662        218,386   

Banc of America Funding Trust

   

0.364%, 09/29/36 (144A) (b)

    13,257,423        12,625,747   

Banc of America Mortgage 2005-F Trust

   

2.791%, 07/25/35 (b)

    125,474        116,030   

BCAP LLC Trust

   

0.341%, 11/27/36 (144A) (b)

    20,924,059        19,698,018   

Citigroup Mortgage Loan Trust, Inc.

   

2.730%, 10/25/35 (b)

    247,075        244,785   

Countrywide Alternative Loan Trust

   

0.416%, 07/20/46 (b)

    3,251,209        2,429,567   

0.484%, 05/25/34 (b)

    2,546,687        2,466,337   

Countrywide Home Loan Reperforming Loan REMIC Trust

   

0.614%, 07/25/36 (144A) (b)

    950,921        866,988   

Fannie Mae Connecticut Avenue Securities

   

1.694%, 02/25/25 (b)

    4,221,012        4,230,737   

FDIC Structured Sale Guaranteed Notes

   

0.747%, 02/25/48 (144A) (b)

    890,472        890,694   

First Horizon Alternative Mortgage Securities Trust

   

0.564%, 02/25/37 (b)

    277,286        151,036   

Collateralized Mortgage Obligations—(Continued)

  

Freddie Mac Structured Agency Credit Risk Debt Notes

   

2.394%, 02/25/24 (b)

    5,000,000      5,035,930   

2.394%, 09/25/24 (b)

    8,000,000        7,945,584   

GMAC Mortgage Corp. Loan Trust

   

2.774%, 11/19/35 (b)

    783,072        695,862   

Greenpoint Mortgage Funding Trust

   

0.274%, 02/25/47 (b)

    55,058        53,031   

GSMPS Mortgage Loan Trust

   

0.544%, 01/25/35 (144A) (b)

    422,282        354,994   

0.594%, 06/25/34 (144A) (b)

    732,531        638,888   

3.337%, 06/25/34 (144A) (b)

    4,384,389        4,116,766   

GSR Mortgage Loan Trust

   

2.926%, 04/25/35 (b)

    827,641        808,793   

HarborView Mortgage Loan Trust

   

0.416%, 09/19/46 (b)

    363,724        275,277   

Impac Secured Assets CMN Owner Trust

   

0.514%, 03/25/36 (b)

    4,646,606        3,358,283   

JPMorgan Mortgage Trust

   

2.125%, 06/25/34 (b)

    233,549        231,261   

JPMorgan Resecuritization Trust

   

0.359%, 12/27/46 (144A) (b)

    10,856,739        10,531,935   

MASTR Adjustable Rate Mortgages Trust

   

0.394%, 05/25/47 (b)

    6,453,304        5,265,760   

0.999%, 12/25/46 (b)

    5,205,525        3,814,224   

2.245%, 02/25/34 (b)

    261,573        255,327   

3.363%, 12/25/34 (b)

    19,785        19,223   

MASTR Reperforming Loan Trust

   

0.544%, 05/25/35 (144A) (b)

    352,214        287,353   

3.366%, 05/25/35 (144A) (b)

    4,438,670        3,663,421   

4.658%, 05/25/36 (144A) (b)

    3,583,242        3,358,430   

7.000%, 08/25/34 (144A)

    435,537        453,816   

Morgan Stanley Mortgage Loan Trust

   

0.264%, 06/25/36 (b)

    710,531        341,862   

2.512%, 07/25/35 (b)

    340,095        311,404   

Morgan Stanley Resecuritization Trust

   

0.424%, 10/26/46 (144A) (b)

    8,201,934        7,987,543   

NovaStar Mortgage Funding Trust

   

0.384%, 09/25/46 (b)

    2,475,655        2,112,177   

Provident Funding Mortgage Loan Trust

   

2.498%, 05/25/35 (b)

    981,473        982,320   

2.543%, 10/25/35 (b)

    123,130        120,482   

RFMSI Trust

   

4.750%, 12/25/18

    204,200        206,638   

SACO I Trust

   

8.987%, 06/25/21 (144A) (b)

    1,459,497        1,566,316   

Structured Adjustable Rate Mortgage Loan Trust

   

2.535%, 05/25/35 (b)

    4,442,678        4,111,725   

Structured Agency Credit Risk Debt Notes

   

1.844%, 04/25/24 (b)

    7,000,000        6,943,650   

Structured Asset Mortgage Investments II Trust

   

0.374%, 07/25/46 (b)

    287,617        229,138   

Structured Asset Securities Corp.

   

0.544%, 04/25/35 (144A) (b)

    3,060,186        2,537,770   

3.346%, 06/25/35 (144A) (b)

    181,917        161,394   

 

MSF-221


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description       
Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

Structured Asset Securities Corp. Mortgage Loan Trust

   

0.994%, 09/25/33 (144A) (b)

    64,499      $ 63,341   

Thornburg Mortgage Securities Trust

   

6.095%, 09/25/37 (b)

    46,847        47,858   

WaMu Mortgage Pass-Through Certificates Trust

   

0.454%, 11/25/45 (b)

    30,465        28,505   

0.464%, 12/25/45 (b)

    2,124,800        1,978,437   

0.484%, 12/25/45 (b)

    177,003        162,569   

0.514%, 08/25/45 (b)

    198,468        184,383   
   

 

 

 
      140,662,824   
   

 

 

 

Commercial Mortgage - Backed Securities—1.5%

  

FDIC Structured Sale Guaranteed Notes

   

2.980%, 12/06/20 (144A)

    9,787,801        10,012,510   

National Credit Union Administration Guaranteed Notes Trust

   

2.900%, 10/29/20

    25,356,392        25,520,828   
   

 

 

 
      35,533,338   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $177,642,782)

      176,196,162   
   

 

 

 
Asset-Backed Securities—1.5%   

Asset-Backed - Home Equity—0.1%

  

Bayview Financial Asset Trust

   

0.794%, 12/25/39 (144A) (b)

    217,365        208,305   

EMC Mortgage Loan Trust

   

0.649%, 12/25/42 (144A) (b)

    58,808        55,875   

Home Equity Mortgage Loan Asset-Backed Trust

   

0.454%, 06/25/36 (b)

    4,212,877        979,979   

Morgan Stanley Mortgage Loan Trust

   

0.284%, 12/25/36 (b)

    250,187        142,294   

0.494%, 03/25/36 (b)

    1,793,557        1,262,593   

Option One Mortgage Loan Trust

   

0.774%, 06/25/33 (b)

    145,534        136,658   

Structured Asset Securities Corp. Mortgage Loan Trust

   

0.414%, 02/25/36 (144A) (b)

    4,828,241        382,107   
   

 

 

 
      3,167,811   
   

 

 

 

Asset-Backed - Other—0.4%

  

Countrywide Home Equity Loan Trust

   

0.305%, 11/15/36 (b)

    55,894        47,830   

0.487%, 02/15/34 (b)

    250,927        229,712   

0.497%, 02/15/34 (b)

    130,929        119,239   

Countrywide Revolving Home Equity Loan Trust

   

0.347%, 07/15/36 (b)

    1,226,225        1,048,916   

GMAC Mortgage Corp. Loan Trust

   

0.379%, 12/25/36 (b)

    556,559        489,147   

0.409%, 11/25/36 (b)

    2,823,924        2,497,371   

GSR Mortgage Loan Trust

   

0.734%, 11/25/30 (b)

    1,395        120   

Asset-Backed - Other—(Continued)

  

Ownit Mortgage Loan Trust

   

3.374%, 12/25/36 (b)

    1,179,625      762,777   

RAAC Trust

   

0.469%, 05/25/36 (144A) (b)

    1,494,787        1,347,066   

SACO I Trust

   

0.454%, 06/25/36 (b)

    817,259        1,365,943   

0.494%, 04/25/36 (b)

    302,244        528,911   

0.714%, 06/25/36 (b)

    13,608        21,489   
   

 

 

 
      8,458,521   
   

 

 

 

Asset-Backed - Student Loan—1.0%

   

National Credit Union Administration Guaranteed Notes Trust

   

0.554%, 12/07/20 (b)

    6,494,205        6,488,120   

Nelnet Student Loan Trust

   

1.979%, 11/25/24 (b)

    5,930,000        5,952,149   

SLM Student Loan Trust

   

0.335%, 01/25/19 (b)

    8,460,000        8,349,597   

0.335%, 04/25/19 (b)

    3,840,000        3,781,478   
   

 

 

 
      24,571,344   
   

 

 

 

Total Asset-Backed Securities
(Cost $40,918,446)

      36,197,676   
   

 

 

 
Short-Term Investments—1.0%           

Mutual Fund—0.7%

   

State Street Navigator Securities Lending MET Portfolio (g)

    16,434,950        16,434,950   
   

 

 

 

Repurchase Agreements—0.3%

   

Bank of America Securities LLC
Repurchase Agreement dated 09/30/15 at 0.110% to be repurchased at $7,600,023 on 10/01/15, collateralized by $7,621,800 U.S. Treasury Note at 1.500% due 10/31/19 with a value of $7,705,868.

    7,600,000        7,600,000   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $138,339 on 10/01/15, collateralized by $140,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $142,450.

    138,339        138,339   
   

 

 

 
      7,738,339   
   

 

 

 

Total Short-Term Investments
(Cost $24,173,289)

      24,173,289   
   

 

 

 

Total Investments—108.1%
(Cost $2,565,087,124) (h)

      2,583,113,155   

Other assets and liabilities (net)—(8.1)%

      (192,821,978
   

 

 

 
Net Assets—100.0%     $ 2,390,291,177   
   

 

 

 

 

MSF-222


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

 

* 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, 2015. Maturity date shown for callable securities reflects the earliest possible call date.
(c) Interest only security.
(d) Principal only security.
(e) All or a portion of the security was held on loan. As of September 30, 2015, the market value of securities loaned was $63,138,650 and the collateral received consisted of cash in the amount of $16,434,950 and non-cash collateral with a value of $48,204,558. 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) Principal amount of security is adjusted for inflation.
(g) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(h) As of September 30, 2015, the aggregate cost of investments was $2,565,087,124. The aggregate unrealized appreciation and depreciation of investments were $60,478,042 and $(42,452,011), respectively, resulting in net unrealized appreciation of $18,026,031.
(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, 2015, the market value of 144A securities was $114,257,996, which is 4.8% of net assets.
(ARM)— Adjustable-Rate Mortgage
(CMO)— Collateralized Mortgage Obligation
(REMIC)— Real Estate Mortgage Investment Conduit

 

Futures Contracts

 

Futures Contracts—Short

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

90 Day EuroDollar Futures

     12/14/15         (110     USD         (27,380,018   $ (5,858

90 Day EuroDollar Futures

     03/14/16         (1,200     USD         (298,095,963     (344,038

U.S. Treasury Long Bond Futures

     12/21/15         (396     USD         (62,767,987     459,862   

U.S. Treasury Note 10 Year Futures

     12/21/15         (208     USD         (26,600,918     (175,832
            

 

 

 

Net Unrealized Depreciation

  

  $ (65,866
            

 

 

 

 

(USD)— United States Dollar

 

MSF-223


Table of Contents

Metropolitan Series Fund

Western Asset Management U.S. Government Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1     Level 2     Level 3      Total  

Total U.S. Treasury & Government Agencies*

   $ —        $ 1,915,824,833      $ —         $ 1,915,824,833   

Total Corporate Bonds & Notes*

            245,607,612                245,607,612   

Total Foreign Government*

            185,113,583                185,113,583   

Total Mortgage-Backed Securities*

            176,196,162                176,196,162   

Total Asset-Backed Securities*

            36,197,676                36,197,676   
Short-Term Investments          

Mutual Fund

     16,434,950                       16,434,950   

Repurchase Agreements

            7,738,339                7,738,339   

Total Short-Term Investments

     16,434,950        7,738,339                24,173,289   

Total Investments

   $ 16,434,950      $ 2,566,678,205      $ —         $ 2,583,113,155   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (16,434,950   $ —         $ (16,434,950
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 459,862      $ —        $ —         $ 459,862   

Futures Contracts (Unrealized Depreciation)

     (525,728                    (525,728

Total Futures Contracts

   $ (65,866   $ —        $ —         $ (65,866

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-224


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—57.2% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—2.3%

   

Boeing Co. (The)

    43,730      $ 5,726,444   

Honeywell International, Inc.

    73,761        6,984,429   

Lockheed Martin Corp.

    36,420        7,550,230   

Raytheon Co.

    42,249        4,616,126   

United Technologies Corp.

    48,052        4,276,147   
   

 

 

 
      29,153,376   
   

 

 

 

Air Freight & Logistics—0.3%

   

FedEx Corp.

    6,140        884,037   

United Parcel Service, Inc. - Class B

    16,810        1,658,979   

XPO Logistics, Inc. (a) (b)

    27,070        645,078   
   

 

 

 
      3,188,094   
   

 

 

 

Airlines—0.2%

   

American Airlines Group, Inc.

    32,325        1,255,180   

United Continental Holdings, Inc. (a)

    15,248        808,906   
   

 

 

 
      2,064,086   
   

 

 

 

Automobiles—0.3%

   

Harley-Davidson, Inc. (b)

    70,692        3,880,991   
   

 

 

 

Banks—3.5%

   

Bank of America Corp.

    886,960        13,818,837   

Citizens Financial Group, Inc.

    229,812        5,483,314   

PNC Financial Services Group, Inc. (The)

    94,222        8,404,603   

Wells Fargo & Co.

    321,509        16,509,487   
   

 

 

 
      44,216,241   
   

 

 

 

Beverages—2.3%

   

Anheuser-Busch InBev S.A. (ADR)

    35,550        3,779,676   

Coca-Cola Co. (The)

    197,265        7,914,272   

Dr Pepper Snapple Group, Inc.

    37,342        2,951,885   

Monster Beverage Corp. (a)

    34,511        4,663,817   

PepsiCo, Inc.

    97,357        9,180,765   
   

 

 

 
      28,490,415   
   

 

 

 

Biotechnology—1.3%

   

Achillion Pharmaceuticals, Inc. (a) (b)

    25,655        177,276   

Alkermes plc (a) (b)

    39,523        2,318,814   

Alnylam Pharmaceuticals, Inc. (a) (b)

    6,290        505,464   

Arena Pharmaceuticals, Inc. (a) (b)

    130,295        248,863   

BioCryst Pharmaceuticals, Inc. (a)

    54,180        617,652   

Blueprint Medicines Corp. (a)

    6,900        147,246   

Chiasma, Inc. (a)

    5,700        113,316   

Dicerna Pharmaceuticals, Inc. (a) (b)

    37,200        305,412   

Gilead Sciences, Inc.

    26,340        2,586,325   

GlycoMimetics, Inc. (a) (b)

    55,683        311,825   

Incyte Corp. (a)

    3,730        411,531   

Ironwood Pharmaceuticals, Inc. (a) (b)

    74,300        774,206   

Karyopharm Therapeutics, Inc. (a)

    4,887        51,460   

Nivalis Therapeutics, Inc. (a)

    15,000        194,550   

Novavax, Inc. (a) (b)

    56,510        399,526   

Otonomy, Inc. (a) (b)

    19,512        347,509   

PTC Therapeutics, Inc. (a) (b)

    8,390        224,013   

Puma Biotechnology, Inc. (a)

    1,190        89,678   

Regeneron Pharmaceuticals, Inc. (a)

    8,179        3,804,380   

Biotechnology—(Continued)

   

Regulus Therapeutics, Inc. (a) (b)

    25,920      169,517   

TESARO, Inc. (a) (b)

    14,520        582,252   

Trevena, Inc. (a)

    70,270        727,295   

Ultragenyx Pharmaceutical, Inc. (a)

    8,520        820,561   
   

 

 

 
      15,928,671   
   

 

 

 

Capital Markets—0.8%

   

Ameriprise Financial, Inc.

    22,480        2,453,242   

BlackRock, Inc.

    7,040        2,094,189   

Invesco, Ltd.

    47,795        1,492,638   

Northern Trust Corp.

    40,720        2,775,475   

Raymond James Financial, Inc.

    15,270        757,850   

WisdomTree Investments, Inc. (b)

    36,790        593,423   
   

 

 

 
      10,166,817   
   

 

 

 

Chemicals—0.9%

   

Cabot Corp.

    39,420        1,244,095   

Celanese Corp. - Series A (b)

    48,205        2,852,290   

Dow Chemical Co. (The)

    39,984        1,695,322   

LyondellBasell Industries NV - Class A

    22,260        1,855,593   

Mosaic Co. (The)

    40,690        1,265,866   

Sherwin-Williams Co. (The)

    12,896        2,872,971   
   

 

 

 
      11,786,137   
   

 

 

 

Communications Equipment—1.6%

   

Cisco Systems, Inc.

    564,274        14,812,193   

QUALCOMM, Inc.

    93,100        5,002,263   
   

 

 

 
      19,814,456   
   

 

 

 

Construction Materials—0.4%

   

CRH plc (ADR)

    47,510        1,260,915   

Martin Marietta Materials, Inc. (b)

    8,370        1,271,822   

Summit Materials, Inc. - Class A (a)

    46,000        863,420   

Vulcan Materials Co.

    14,380        1,282,696   
   

 

 

 
      4,678,853   
   

 

 

 

Consumer Finance—1.0%

   

American Express Co.

    76,656        5,682,509   

Santander Consumer USA Holdings, Inc. (a)

    318,275        6,499,176   
   

 

 

 
      12,181,685   
   

 

 

 

Containers & Packaging—0.3%

   

Ball Corp.

    50,309        3,129,220   

Owens-Illinois, Inc. (a)

    44,920        930,742   
   

 

 

 
      4,059,962   
   

 

 

 

Diversified Financial Services—0.2%

   

MarketAxess Holdings, Inc.

    7,370        684,525   

MSCI, Inc.

    21,819        1,297,358   
   

 

 

 
      1,981,883   
   

 

 

 

Electric Utilities—1.5%

   

American Electric Power Co., Inc.

    7,920        450,331   

 

MSF-225


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

Electric Utilities—(Continued)

   

Duke Energy Corp.

    41,370      $ 2,976,158   

Edison International

    43,540        2,746,068   

Eversource Energy

    29,320        1,484,178   

Exelon Corp.

    65,730        1,952,181   

FirstEnergy Corp.

    13,160        412,040   

ITC Holdings Corp.

    32,450        1,081,883   

NextEra Energy, Inc.

    65,030        6,343,676   

Pinnacle West Capital Corp.

    18,080        1,159,651   

UIL Holdings Corp. (b)

    7,850        394,620   
   

 

 

 
      19,000,786   
   

 

 

 

Electrical Equipment—0.4%

   

AMETEK, Inc.

    44,850        2,346,552   

Eaton Corp. plc

    53,730        2,756,349   
   

 

 

 
      5,102,901   
   

 

 

 

Electronic Equipment, Instruments & Components—0.0%

  

Arrow Electronics, Inc. (a)

    6,610        365,401   
   

 

 

 

Energy Equipment & Services—0.4%

   

Ensco plc - Class A

    20,420        287,514   

Halliburton Co.

    74,950        2,649,482   

Patterson-UTI Energy, Inc. (b)

    99,682        1,309,821   

Tesco Corp. (b)

    92,040        657,166   
   

 

 

 
      4,903,983   
   

 

 

 

Food & Staples Retailing—1.2%

   

Costco Wholesale Corp.

    18,830        2,722,253   

CVS Health Corp.

    80,100        7,728,048   

Walgreens Boots Alliance, Inc.

    49,290        4,095,999   
   

 

 

 
      14,546,300   
   

 

 

 

Food Products—0.9%

   

Mondelez International, Inc. - Class A

    235,702        9,868,842   

Post Holdings, Inc. (a) (b)

    12,448        735,677   

SunOpta, Inc. (a) (b)

    69,430        337,430   
   

 

 

 
      10,941,949   
   

 

 

 

Gas Utilities—0.1%

   

UGI Corp.

    44,750        1,558,195   
   

 

 

 

Health Care Equipment & Supplies—2.5%

  

 

Abbott Laboratories

    54,308        2,184,268   

Baxter International, Inc.

    82,578        2,712,688   

Becton Dickinson & Co.

    29,661        3,934,828   

ConforMIS, Inc. (a) (b)

    45,600        823,536   

Medtronic plc

    180,247        12,065,734   

St. Jude Medical, Inc.

    82,490        5,204,294   

Stryker Corp.

    40,190        3,781,879   
   

 

 

 
      30,707,227   
   

 

 

 

Health Care Providers & Services—1.9%

  

 

Aetna, Inc.

    35,440        3,877,490   

Cardinal Health, Inc.

    28,550        2,193,211   

Health Care Providers & Services—(Continued)

  

 

HCA Holdings, Inc. (a)

    46,920      3,629,731   

McKesson Corp.

    28,820        5,332,565   

UnitedHealth Group, Inc.

    73,008        8,469,658   
   

 

 

 
      23,502,655   
   

 

 

 

Hotels, Restaurants & Leisure—1.2%

   

Chipotle Mexican Grill, Inc. (a)

    3,140        2,261,585   

Las Vegas Sands Corp. (b)

    31,060        1,179,348   

McDonald’s Corp.

    43,076        4,244,278   

Norwegian Cruise Line Holdings, Ltd. (a)

    38,467        2,204,159   

Starbucks Corp.

    50,927        2,894,691   

Wingstop, Inc. (a)

    1,800        43,164   

Wyndham Worldwide Corp.

    34,330        2,468,327   
   

 

 

 
      15,295,552   
   

 

 

 

Household Durables—0.3%

   

Mohawk Industries, Inc. (a)

    21,640        3,933,936   
   

 

 

 

Household Products—0.6%

   

Colgate-Palmolive Co.

    118,548        7,523,056   
   

 

 

 

Independent Power and Renewable Electricity Producers—0.0%

  

NRG Energy, Inc.

    13,610        202,109   
   

 

 

 

Industrial Conglomerates—0.9%

   

Danaher Corp. (b)

    100,620        8,573,830   

General Electric Co.

    87,000        2,194,140   
   

 

 

 
      10,767,970   
   

 

 

 

Insurance—2.9%

   

American International Group, Inc.

    164,750        9,361,095   

Assured Guaranty, Ltd.

    143,093        3,577,325   

Hartford Financial Services Group, Inc. (The)

    103,458        4,736,307   

Marsh & McLennan Cos., Inc.

    125,080        6,531,678   

Principal Financial Group, Inc.

    78,690        3,725,185   

Prudential Financial, Inc.

    50,130        3,820,407   

XL Group plc

    134,790        4,895,573   
   

 

 

 
      36,647,570   
   

 

 

 

Internet & Catalog Retail—1.5%

   

Amazon.com, Inc. (a)

    23,849        12,208,064   

Netflix, Inc. (a) (b)

    9,430        973,742   

Priceline Group, Inc. (The) (a)

    4,987        6,168,221   
   

 

 

 
      19,350,027   
   

 

 

 

Internet Software & Services—2.6%

   

Alphabet, Inc. - Class A (a)

    27,770        17,727,535   

Alphabet, Inc. - Class C (a)

    9,862        6,000,238   

Envestnet, Inc. (a) (b)

    9,587        287,322   

Facebook, Inc. - Class A (a)

    80,950        7,277,405   

Zillow Group, Inc. - Class A (a) (b)

    20,263        582,156   

Zillow Group, Inc. - Class C (a) (b)

    40,526        1,094,202   
   

 

 

 
      32,968,858   
   

 

 

 

 

MSF-226


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares     Value  

IT Services—2.7%

   

Accenture plc - Class A

    47,862      $ 4,702,920   

Alliance Data Systems Corp. (a)

    7,028        1,820,111   

Automatic Data Processing, Inc.

    40,439        3,249,678   

Cognizant Technology Solutions Corp. - Class A (a)

    50,279        3,147,968   

Genpact, Ltd. (a)

    193,020        4,557,202   

Global Payments, Inc.

    19,000        2,179,870   

Heartland Payment Systems, Inc. (b)

    30,596        1,927,854   

Visa, Inc. - Class A (b)

    132,454        9,226,746   

WEX, Inc. (a)

    26,890        2,335,128   
   

 

 

 
      33,147,477   
   

 

 

 

Life Sciences Tools & Services—0.4%

   

Agilent Technologies, Inc.

    53,130        1,823,953   

Thermo Fisher Scientific, Inc.

    23,570        2,882,140   
   

 

 

 
      4,706,093   
   

 

 

 

Machinery—0.8%

   

Dover Corp.

    32,070        1,833,763   

Illinois Tool Works, Inc.

    58,090        4,781,388   

Pentair plc

    61,500        3,138,960   
   

 

 

 
      9,754,111   
   

 

 

 

Media—2.1%

   

Comcast Corp. - Class A

    186,950        10,633,716   

DreamWorks Animation SKG, Inc. - Class A (a) (b)

    69,840        1,218,708   

Interpublic Group of Cos., Inc. (The)

    20,028        383,135   

Markit, Ltd. (a)

    17,427        505,383   

Time Warner Cable, Inc.

    45,410        8,145,192   

Twenty-First Century Fox, Inc. - Class A

    186,453        5,030,502   
   

 

 

 
      25,916,636   
   

 

 

 

Metals & Mining—0.1%

   

Reliance Steel & Aluminum Co.

    15,000        810,150   
   

 

 

 

Multi-Utilities—1.0%

   

Ameren Corp.

    44,630        1,886,510   

Dominion Resources, Inc.

    62,625        4,407,548   

DTE Energy Co.

    17,581        1,412,985   

MDU Resources Group, Inc. (b)

    77,960        1,340,912   

PG&E Corp.

    46,020        2,429,856   

Public Service Enterprise Group, Inc.

    18,975        799,986   

Sempra Energy

    1,510        146,047   
   

 

 

 
      12,423,844   
   

 

 

 

Oil, Gas & Consumable Fuels—2.6%

   

Anadarko Petroleum Corp.

    16,413        991,181   

Chevron Corp.

    25,455        2,007,890   

Cimarex Energy Co.

    11,540        1,182,619   

Cobalt International Energy, Inc. (a) (b)

    395,785        2,802,158   

CONSOL Energy, Inc. (b)

    11,375        111,475   

Continental Resources, Inc. (a) (b)

    80,120        2,321,077   

Diamondback Energy, Inc. (a) (b)

    24,040        1,552,984   

Enbridge, Inc.

    114,685        4,258,254   

Oil, Gas & Consumable Fuels—(Continued)

  

 

EOG Resources, Inc.

    31,123      2,265,754   

Marathon Oil Corp. (b)

    125,350        1,930,390   

Newfield Exploration Co. (a)

    176,520        5,807,508   

ONEOK, Inc.

    8,776        282,587   

PBF Energy, Inc. - Class A

    40,705        1,149,102   

Pioneer Natural Resources Co.

    47,236        5,745,787   

Southwestern Energy Co. (a) (b)

    55,250        701,123   
   

 

 

 
      33,109,889   
   

 

 

 

Paper & Forest Products—0.4%

   

Boise Cascade Co. (a)

    77,109        1,944,689   

International Paper Co.

    71,870        2,715,967   
   

 

 

 
      4,660,656   
   

 

 

 

Personal Products—0.6%

   

Avon Products, Inc. (b)

    579,154        1,882,250   

Estee Lauder Cos., Inc. (The) - Class A

    70,447        5,683,664   
   

 

 

 
      7,565,914   
   

 

 

 

Pharmaceuticals—2.6%

   

Aerie Pharmaceuticals, Inc. (a) (b)

    12,730        225,830   

Allergan plc (a)

    20,950        5,694,420   

AstraZeneca plc (ADR) (b)

    115,780        3,684,120   

Bristol-Myers Squibb Co.

    131,620        7,791,904   

Johnson & Johnson

    56,540        5,278,009   

Merck & Co., Inc.

    133,201        6,578,797   

Mylan NV (a)

    67,893        2,733,372   

Ocular Therapeutix, Inc. (a) (b)

    22,000        309,320   

Relypsa, Inc. (a) (b)

    13,475        249,422   

Tetraphase Pharmaceuticals, Inc. (a) (b)

    24,590        183,442   
   

 

 

 
      32,728,636   
   

 

 

 

Professional Services—0.6%

   

Equifax, Inc.

    24,812        2,411,230   

ManpowerGroup, Inc.

    20,451        1,674,733   

Nielsen Holdings plc

    72,542        3,225,943   

TransUnion (a)

    10,060        252,707   
   

 

 

 
      7,564,613   
   

 

 

 

Real Estate Investment Trusts—1.9%

   

American Tower Corp.

    55,412        4,875,148   

AvalonBay Communities, Inc.

    37,718        6,593,861   

InfraREIT, Inc.

    22,160        524,749   

Public Storage

    17,944        3,797,488   

Simon Property Group, Inc.

    15,893        2,919,862   

SL Green Realty Corp. (b)

    36,650        3,964,064   

Weyerhaeuser Co.

    60,230        1,646,688   
   

 

 

 
      24,321,860   
   

 

 

 

Road & Rail—0.3%

   

Genesee & Wyoming, Inc. - Class A (a)

    18,302        1,081,282   

Kansas City Southern

    5,568        506,020   

Knight Transportation, Inc. (b)

    46,916        1,125,984   

Landstar System, Inc.

    1,904        120,847   

 

MSF-227


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—(Continued)

 

Security Description   Shares/
Principal
Amount*
    Value  

Road & Rail—(Continued)

   

Swift Transportation Co. (a) (b)

    35,217      $ 528,959   
   

 

 

 
      3,363,092   
   

 

 

 

Semiconductors & Semiconductor Equipment—0.8%

  

 

Avago Technologies, Ltd. (b)

    15,610        1,951,406   

First Solar, Inc. (a)

    14,866        635,521   

Intel Corp.

    182,367        5,496,541   

Linear Technology Corp.

    14,100        568,935   

Microchip Technology, Inc. (b)

    13,230        570,081   

Micron Technology, Inc. (a) (b)

    47,617        713,303   

SunEdison Semiconductor, Ltd. (a) (b)

    33,900        357,306   

SunPower Corp. (a) (b)

    15,725        315,129   
   

 

 

 
      10,608,222   
   

 

 

 

Software—1.4%

   

Microsoft Corp.

    367,801        16,278,872   

SS&C Technologies Holdings, Inc.

    22,486        1,574,920   
   

 

 

 
      17,853,792   
   

 

 

 

Specialty Retail—2.0%

   

Advance Auto Parts, Inc.

    45,332        8,591,774   

L Brands, Inc.

    32,979        2,972,397   

Lowe’s Cos., Inc.

    110,390        7,608,079   

Ross Stores, Inc.

    33,964        1,646,235   

Signet Jewelers, Ltd.

    35,030        4,768,634   
   

 

 

 
      25,587,119   
   

 

 

 

Technology Hardware, Storage & Peripherals—1.6%

  

Apple, Inc.

    178,121        19,646,746   
   

 

 

 

Textiles, Apparel & Luxury Goods—0.3%

  

Ralph Lauren Corp.

    9,300        1,098,888   

VF Corp.

    43,910        2,995,101   
   

 

 

 
      4,093,989   
   

 

 

 

Tobacco —0.7%

   

Altria Group, Inc.

    159,040        8,651,776   
   

 

 

 

Total Common Stocks
(Cost $693,649,916)

      715,424,757   
   

 

 

 
U.S. Treasury & Government Agencies—18.9%   

Agency Sponsored Mortgage - Backed—17.7%

  

Fannie Mae 15 Yr. Pool

   

2.500%, TBA (c)

    3,400,000        3,466,194   

3.000%, 07/01/28

    2,789,211        2,913,465   

3.500%, 07/01/28

    410,703        438,133   

4.000%, 04/01/26

    72,944        77,693   

4.500%, 06/01/24

    458,228        489,873   

4.500%, 02/01/25

    150,636        161,875   

4.500%, 04/01/25

    21,055        22,625   

4.500%, 07/01/25

    100,706        107,669   

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 15 Yr. Pool

   

4.500%, 06/01/26

    2,037,582      $ 2,177,881   

5.000%, TBA (c)

    500,000        519,336   

Fannie Mae 30 Yr. Pool

   

3.000%, 02/01/43

    1,077,335        1,095,845   

3.000%, 03/01/43

    3,101,792        3,153,535   

3.000%, 04/01/43

    2,406,481        2,446,751   

3.000%, 05/01/43

    4,033,911        4,102,328   

3.000%, 06/01/43

    409,247        416,538   

3.500%, 03/01/43

    80,979        84,696   

3.500%, 05/01/43

    160,585        167,962   

3.500%, 06/01/43

    601,724        632,023   

3.500%, 07/01/43

    935,201        980,603   

3.500%, 08/01/43

    1,505,888        1,580,257   

3.500%, TBA (c)

    45,250,000        47,202,818   

4.000%, 08/01/42

    261,075        279,390   

4.000%, TBA (c)

    14,975,000        15,973,533   

4.500%, 10/01/40

    1,493,402        1,622,926   

4.500%, 09/01/41

    126,118        137,172   

4.500%, 10/01/41

    667,265        725,893   

4.500%, 08/01/42

    198,673        216,045   

4.500%, 09/01/43

    3,580,413        3,887,318   

4.500%, 10/01/43

    454,084        493,047   

4.500%, 12/01/43

    403,663        438,444   

4.500%, 01/01/44

    945,265        1,040,124   

4.500%, TBA (c)

    7,925,000        8,590,824   

5.000%, 04/01/33

    7,667        8,488   

5.000%, 07/01/33

    20,342        22,501   

5.000%, 09/01/33

    334,366        369,876   

5.000%, 11/01/33

    82,700        91,551   

5.000%, 12/01/33

    33,517        37,104   

5.000%, 02/01/34

    14,558        16,116   

5.000%, 03/01/34

    7,024        7,776   

5.000%, 04/01/34

    6,799        7,519   

5.000%, 06/01/34

    6,212        6,855   

5.000%, 07/01/34

    100,101        110,779   

5.000%, 10/01/34

    259,893        287,719   

5.000%, 07/01/35

    172,291        190,731   

5.000%, 10/01/35

    191,657        212,090   

5.000%, 12/01/35

    150,135        166,181   

5.000%, 08/01/36

    139,176        154,080   

5.000%, 07/01/37

    73,446        81,298   

5.000%, 07/01/41

    122,190        135,591   

5.000%, 08/01/41

    79,523        87,853   

5.000%, TBA (c)

    500,000        550,908   

5.500%, 08/01/28

    30,711        34,254   

5.500%, 04/01/33

    85,650        96,402   

5.500%, 08/01/37

    529,837        595,522   

5.500%, 04/01/41

    45,845        51,346   

6.000%, 03/01/28

    5,068        5,724   

6.000%, 05/01/28

    12,745        14,364   

6.000%, 06/01/28

    2,412        2,720   

6.000%, 02/01/34

    345,327        393,872   

6.000%, 08/01/34

    188,243        214,261   

6.000%, 04/01/35

    1,557,253        1,775,120   

 

MSF-228


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Fannie Mae 30 Yr. Pool

   

6.000%, 02/01/38

    124,481      $ 141,461   

6.000%, 03/01/38

    46,770        53,170   

6.000%, 05/01/38

    147,659        167,869   

6.000%, 10/01/38

    43,654        49,651   

6.000%, 12/01/38

    54,712        61,887   

6.000%, TBA (c)

    1,000,000        1,128,383   

6.500%, 05/01/40

    1,081,784        1,235,803   

Fannie Mae ARM Pool

   

2.960%, 03/01/41 (d)

    114,560        122,009   

3.135%, 03/01/41 (d)

    183,602        195,240   

3.158%, 12/01/40 (d)

    286,013        301,727   

3.352%, 06/01/41 (d)

    321,637        340,810   

3.516%, 09/01/41 (d)

    247,109        262,103   

Fannie Mae Pool

   

2.440%, 01/01/23

    20,000        20,271   

2.640%, 03/01/27

    317,181        312,766   

2.690%, 04/01/25

    200,000        200,450   

2.780%, 02/01/27

    700,000        698,317   

2.780%, 03/01/27

    608,000        604,211   

2.890%, 02/01/27

    1,045,000        1,048,367   

2.970%, 06/01/27

    1,115,000        1,126,085   

2.970%, 06/01/30

    1,264,000        1,257,656   

3.130%, 02/01/27

    412,000        421,590   

3.160%, 12/01/26

    90,000        92,477   

3.210%, 05/01/23

    165,000        174,703   

3.240%, 12/01/26

    85,200        88,254   

3.340%, 04/01/24

    85,000        89,945   

3.355%, 01/01/27

    1,358,178        1,399,358   

3.450%, 01/01/24

    34,657        37,063   

3.470%, 01/01/24

    34,257        36,684   

3.650%, 08/01/23

    1,847,744        1,997,871   

3.670%, 08/01/23

    82,837        89,679   

3.700%, 10/01/23

    25,000        27,138   

3.760%, 03/01/24

    30,000        32,559   

3.780%, 10/01/23

    2,194,760        2,393,089   

3.810%, 11/01/23

    633,471        692,062   

3.855%, 12/01/25

    45,000        49,210   

3.860%, 11/01/23

    25,000        27,444   

3.870%, 10/01/25

    77,842        85,421   

3.890%, 05/01/30

    103,660        114,954   

3.930%, 10/01/23

    110,000        121,155   

3.960%, 05/01/34

    44,209        49,729   

3.970%, 05/01/29

    30,000        33,134   

4.060%, 10/01/28

    67,277        74,282   

Fannie Mae-ACES (CMO)

   

2.468%, 01/25/22 (d) (e)

    1,676,754        169,221   

3.329%, 10/25/23 (d)

    505,000        535,606   

Fannie Mae REMICS (CMO)

   

3.000%, 01/25/28 (e)

    2,219,461        226,146   

Freddie Mac 15 Yr. Gold Pool

   

3.000%, 07/01/28

    975,176        1,016,382   

3.000%, 08/01/29

    689,246        720,341   

3.000%, TBA (c)

    200,000        208,062   

3.500%, TBA (c)

    1,500,000        1,581,656   

4.000%, TBA (c)

    2,000,000        2,090,406   

Agency Sponsored Mortgage - Backed—(Continued)

  

Freddie Mac 20 Yr. Gold Pool

   

3.500%, 08/01/34

    1,441,387      1,522,310   

Freddie Mac 30 Yr. Gold Pool

   

3.000%, 03/01/43

    510,769        517,843   

3.000%, 04/01/43

    2,720,623        2,758,376   

3.000%, 08/01/43

    1,217,601        1,234,958   

3.000%, TBA (c)

    2,000,000        2,020,516   

3.500%, 04/01/42

    330,502        346,590   

3.500%, 08/01/42

    261,245        274,228   

3.500%, 09/01/42

    153,364        160,402   

3.500%, 11/01/42

    295,204        308,468   

3.500%, 04/01/43

    977,355        1,023,018   

3.500%, 12/01/43

    939,726        983,126   

3.500%, TBA (c)

    6,900,000        7,179,235   

4.000%, 05/01/42

    1,450,858        1,549,039   

4.000%, 08/01/42

    362,720        387,574   

4.000%, 09/01/42

    577,037        616,577   

4.000%, 07/01/44

    155,237        166,275   

4.000%, TBA (c)

    5,275,000        5,615,257   

4.500%, 09/01/43

    273,976        297,177   

4.500%, 11/01/43

    2,660,197        2,883,120   

4.500%, TBA (c)

    800,000        865,750   

5.500%, 07/01/33

    240,780        268,355   

5.500%, 04/01/39

    111,268        123,265   

5.500%, 06/01/41

    416,640        461,289   

Freddie Mac ARM Non-Gold Pool

   

2.999%, 02/01/41 (d)

    253,630        270,254   

Freddie Mac Multifamily Structured Pass-Through Certificates (CMO)

   

1.629%, 06/25/22 (d) (e)

    1,919,137        156,488   

1.678%, 12/25/18 (d) (e)

    3,158,003        134,932   

1.863%, 03/25/22 (d) (e)

    1,474,339        133,301   

1.904%, 05/25/19 (d) (e)

    2,471,222        134,313   

Freddie Mac REMICS (CMO)

   

4.500%, 03/15/41

    280,467        325,991   

FREMF Mortgage Trust (CMO)

   

3.079%, 10/25/47 (144A) (d)

    770,000        783,214   

Ginnie Mae (CMO)

   

0.914%, 02/16/53 (d) (e)

    3,031,400        200,503   

Ginnie Mae I 30 Yr. Pool

   

3.000%, 12/15/44

    27,723        28,396   

3.000%, 02/15/45

    100,000        102,201   

3.000%, 04/15/45

    1,400,001        1,430,818   

3.000%, 05/15/45

    1,923,212        1,965,547   

3.000%, 07/15/45

    49,065        50,145   

3.500%, TBA (c)

    1,200,000        1,255,706   

4.000%, 09/15/42

    1,624,440        1,732,567   

4.000%, TBA (c)

    2,200,000        2,345,000   

4.500%, 04/15/41

    1,380,830        1,501,108   

4.500%, 02/15/42

    2,800,922        3,040,123   

5.000%, 12/15/38

    92,639        102,666   

5.000%, 04/15/39

    1,993,373        2,209,166   

5.000%, 07/15/39

    189,904        210,465   

5.000%, 12/15/40

    264,944        293,630   

5.500%, 12/15/40

    880,148        987,330   

9.000%, 11/15/19

    4,373        4,394   

 

MSF-229


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Security Description   Principal
Amount*
    Value  

Agency Sponsored Mortgage - Backed—(Continued)

  

Ginnie Mae II 30 Yr. Pool

   

3.000%, 07/20/45

    9,663,775      $ 9,875,928   

Ginnie Mae II 30 Yr. Pool

   

3.000%, 08/20/45

    299,307        305,878   

3.000%, 09/20/45

    2,400,000        2,452,688   

3.500%, TBA (c)

    20,800,000        21,793,683   

4.500%, TBA (c)

    800,000        859,375   

5.000%, 10/20/39

    47,076        52,315   

Government National Mortgage Association (CMO)

   

4.000%, 05/16/42 (e)

    167,081        24,825   

5.000%, 10/16/41 (e)

    741,202        132,839   
   

 

 

 
      221,833,811   
   

 

 

 

U.S. Treasury—1.2%

   

U.S. Treasury Bonds

   

2.750%, 08/15/42

    350,000        341,259   

3.000%, 11/15/44 (f)

    595,000        607,597   

U.S. Treasury Floating Rate Notes

   

0.085%, 07/31/16 (d) (f) (g)

    5,000,000        5,000,420   

U.S. Treasury Inflation Indexed Notes

   

0.250%, 01/15/25 (h)

    9,074,446        8,697,648   

U.S. Treasury Notes

   

0.625%, 12/31/16 (f)

    250,000        250,492   
   

 

 

 
      14,897,416   
   

 

 

 

Total U.S. Treasury & Government Agencies
(Cost $235,500,577)

      236,731,227   
   

 

 

 
Corporate Bonds & Notes—14.3%   

Aerospace/Defense—0.0%

   

Triumph Group, Inc.

   

5.250%, 06/01/22

    160,000        147,200   
   

 

 

 

Agriculture—0.2%

   

BAT International Finance plc

   

2.750%, 06/15/20 (144A)

    490,000        499,420   

Imperial Tobacco Finance plc

   

2.050%, 07/20/18 (144A)

    200,000        199,883   

2.950%, 07/21/20 (144A)

    550,000        553,268   

3.750%, 07/21/22 (144A)

    310,000        312,936   

Reynolds American, Inc.

   

3.250%, 06/12/20

    960,000        987,392   
   

 

 

 
      2,552,899   
   

 

 

 

Apparel—0.0%

   

William Carter Co. (The)

   

5.250%, 08/15/21

    400,000        412,000   
   

 

 

 

Auto Manufacturers—0.6%

   

Daimler Finance North America LLC

   

1.650%, 03/02/18 (144A)

    1,600,000        1,578,190   

Ford Motor Credit Co. LLC

   

1.461%, 03/27/17

    1,560,000        1,551,114   

2.240%, 06/15/18

    535,000        533,442   

Auto Manufacturers—(Continued)

   

4.207%, 04/15/16

    125,000      126,968   

4.250%, 02/03/17

    400,000        413,340   

General Motors Financial Co., Inc.

   

2.400%, 04/10/18

    575,000        570,581   

3.500%, 07/10/19 (b)

    1,080,000        1,091,168   

4.750%, 08/15/17

    1,215,000        1,261,163   
   

 

 

 
      7,125,966   
   

 

 

 

Banks—4.9%

   

Banco Bilbao Vizcaya Argentaria S.A.

   

7.000%, 02/19/19 (EUR) (d)

    1,000,000        1,086,671   

9.000%, 05/09/18 (b) (d)

    800,000        845,000   

Banco do Brasil S.A

   

6.250%, 04/15/24 (d)

    450,000        211,500   

Banco Santander S.A.

   

6.250%, 03/12/19 (EUR) (d)

    1,500,000        1,579,724   

Bank of America Corp.

   

3.950%, 04/21/25

    350,000        340,492   

4.000%, 04/01/24

    795,000        818,299   

4.000%, 01/22/25

    2,150,000        2,107,140   

4.125%, 01/22/24

    500,000        522,696   

4.200%, 08/26/24

    30,000        29,979   

6.050%, 05/16/16

    700,000        720,001   

7.750%, 05/14/38

    825,000        1,128,031   

Bank of New York Mellon Corp. (The)

   

2.600%, 08/17/20

    1,060,000        1,075,604   

Barclays Bank plc

   

6.050%, 12/04/17 (144A)

    2,325,000        2,514,364   

8.000%, 12/15/20 (EUR) (b) (d)

    550,000        649,139   

Barclays plc

   

8.250%, 12/15/18 (d)

    600,000        624,928   

BPCE S.A.

   

5.150%, 07/21/24 (144A)

    1,200,000        1,219,660   

Branch Banking & Trust Co.

   

3.625%, 09/16/25

    1,960,000        1,961,586   

Capital One Financial Corp.

   

6.150%, 09/01/16

    1,575,000        1,640,586   

Capital One N.A.

   

1.650%, 02/05/18

    925,000        915,836   

2.350%, 08/17/18

    580,000        581,615   

CIT Group, Inc.

   

5.500%, 02/15/19 (144A)

    540,000        560,250   

Citigroup, Inc.

   

4.300%, 11/20/26

    675,000        668,447   

4.400%, 06/10/25

    600,000        603,441   

4.450%, 01/10/17

    269,000        279,717   

4.450%, 09/29/27

    1,255,000        1,248,232   

4.650%, 07/30/45

    825,000        822,893   

5.500%, 09/13/25

    1,400,000        1,522,758   

Cooperatieve Centrale Raiffeisen-Boerenleenbank BA

   

5.500%, 06/29/20 (EUR) (d)

    200,000        222,363   

Credit Agricole S.A.

   

6.500%, 06/23/21 (EUR) (b) (d)

    450,000        499,687   

6.625%, 09/23/19 (144A) (b) (d)

    270,000        259,538   

8.125%, 09/19/33 (144A) (d)

    225,000        245,745   

 

MSF-230


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Banks—(Continued)

   

Credit Suisse AG

   

5.750%, 09/18/25 (EUR) (d)

    280,000      $ 346,329   

Credit Suisse Group AG

   

6.250%, 12/18/24 (144A) (d)

    465,000        435,937   

Credit Suisse Group Guernsey I, Ltd.

   

7.875%, 02/24/41 (d)

    250,000        257,425   

Deutsche Bank AG

   

4.500%, 04/01/25

    1,015,000        983,406   

Goldman Sachs Group, Inc. (The)

   

2.600%, 04/23/20

    1,850,000        1,855,034   

2.750%, 09/15/20

    440,000        442,241   

3.625%, 02/07/16

    331,000        334,170   

5.150%, 05/22/45

    640,000        628,196   

5.625%, 01/15/17

    300,000        315,069   

6.250%, 02/01/41

    430,000        518,512   

6.750%, 10/01/37

    1,375,000        1,640,262   

HSBC Holdings plc

   

4.250%, 08/18/25

    1,100,000        1,083,936   

5.250%, 09/16/22 (EUR) (d)

    225,000        238,530   

5.250%, 03/14/44

    280,000        284,097   

5.625%, 01/17/20 (b) (d)

    675,000        649,687   

6.800%, 06/01/38

    480,000        587,244   

HSBC USA, Inc.

   

2.750%, 08/07/20

    375,000        376,359   

Industrial & Commercial Bank of China, Ltd.

   

4.875%, 09/21/25 (144A)

    800,000        786,045   

JPMorgan Chase & Co.

   

2.600%, 01/15/16

    520,000        522,787   

2.750%, 06/23/20

    1,500,000        1,512,837   

4.250%, 10/01/27

    2,210,000        2,200,957   

4.500%, 01/24/22

    360,000        388,429   

5.600%, 07/15/41

    125,000        143,053   

5.625%, 08/16/43

    220,000        242,070   

6.000%, 01/15/18

    725,000        792,191   

KBC Groep NV

   

5.625%, 03/19/19 (EUR) (d)

    190,000        206,998   

LBI HF

   

6.100%, 08/25/11 (144A) (i)

    320,000        35,200   

Lloyds Banking Group plc

   

6.375%, 06/27/20 (EUR) (b) (d)

    780,000        892,428   

7.000%, 06/27/19 (GBP) (d)

    280,000        418,235   

Morgan Stanley

   

2.500%, 01/24/19

    455,000        461,210   

3.950%, 04/23/27

    465,000        447,831   

4.000%, 07/23/25

    580,000        592,756   

4.300%, 01/27/45

    750,000        712,783   

4.350%, 09/08/26

    520,000        522,676   

5.000%, 11/24/25

    707,000        751,699   

5.550%, 04/27/17

    1,350,000        1,432,602   

6.250%, 08/28/17

    1,000,000        1,085,121   

Royal Bank of Scotland Group plc

   

5.125%, 05/28/24

    265,000        267,105   

6.125%, 12/15/22

    560,000        606,036   

7.500%, 08/10/20 (d)

    720,000        718,423   

Santander UK Group Holdings plc

   

4.750%, 09/15/25 (144A)

    665,000        659,437   

Banks—(Continued)

   

Societe Generale S.A.

   

8.250%, 11/29/18 (b) (d)

    835,000      869,193   

Standard Chartered plc

   

6.500%, 04/02/20 (144A) (b) (d)

    480,000        446,517   

SunTrust Banks, Inc.

   

3.500%, 01/20/17

    945,000        968,199   

UBS AG

   

7.625%, 08/17/22

    250,000        287,622   

UBS Group AG

   

5.750%, 02/19/22 (EUR) (d)

    250,000        279,462   

Wells Fargo & Co.

   

2.600%, 07/22/20

    450,000        454,346   

3.000%, 02/19/25

    410,000        394,510   

4.100%, 06/03/26

    1,385,000        1,397,234   

5.606%, 01/15/44

    765,000        855,781   
   

 

 

 
    60,834,129   
   

 

 

 

Beverages—0.0%

   

Anheuser-Busch InBev Worldwide, Inc.

   

3.750%, 07/15/42

    405,000        347,699   
   

 

 

 

Biotechnology—0.2%

   

Celgene Corp.

   

4.625%, 05/15/44

    715,000        678,375   

Gilead Sciences, Inc.

   

1.850%, 09/04/18

    640,000        644,470   

3.250%, 09/01/22

    505,000        508,960   

4.600%, 09/01/35

    220,000        220,189   
   

 

 

 
    2,051,994   
   

 

 

 

Building Materials—0.2%

   

Building Materials Corp. of America

   

5.375%, 11/15/24 (144A)

    145,000        143,188   

6.000%, 10/15/25 (144A)

    280,000        282,800   

6.750%, 05/01/21 (144A)

    270,000        287,550   

Cemex S.A.B. de C.V.

   

4.375%, 03/05/23 (144A) (EUR)

    205,000        206,160   

4.375%, 03/05/23 (EUR)

    105,000        105,594   

4.750%, 01/11/22 (EUR)

    195,000        206,046   

CRH America, Inc.

   

5.125%, 05/18/45 (144A)

    500,000        496,809   

Norbord, Inc.

   

6.250%, 04/15/23 (144A)

    220,000        215,188   

USG Corp.

   

5.500%, 03/01/25 (144A)

    10,000        9,975   

West China Cement, Ltd.

   

6.500%, 09/11/19

    280,000        272,997   
   

 

 

 
    2,226,307   
   

 

 

 

Chemicals—0.2%

   

CF Industries, Inc.

   

4.950%, 06/01/43

    500,000        459,169   

5.150%, 03/15/34

    1,060,000        1,021,124   

Eagle Spinco, Inc.

   

4.625%, 02/15/21

    225,000        190,411   

 

MSF-231


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Chemicals—(Continued)

   

NOVA Chemicals Corp.

   

5.000%, 05/01/25 (144A) (b)

    315,000      $ 296,100   
   

 

 

 
    1,966,804   
   

 

 

 

Coal—0.0%

   

Peabody Energy Corp.

   

6.000%, 11/15/18 (b)

    20,000        5,200   

6.500%, 09/15/20

    360,000        74,700   
   

 

 

 
    79,900   
   

 

 

 

Commercial Services—0.1%

   

ADT Corp. (The)

   

6.250%, 10/15/21 (b)

    470,000        484,687   

Cardtronics, Inc.

   

5.125%, 08/01/22

    220,000        211,200   

United Rentals North America, Inc.

   

4.625%, 07/15/23

    105,000        101,719   

5.500%, 07/15/25

    135,000        126,225   
   

 

 

 
    923,831   
   

 

 

 

Computers—0.2%

   

Apple, Inc.

   

3.450%, 02/09/45

    550,000        465,619   

Hewlett Packard Enterprise Co.

   

2.450%, 10/05/17 (144A)

    795,000        794,555   

2.850%, 10/05/18 (144A)

    795,000        793,982   

NCR Corp.

   

4.625%, 02/15/21

    240,000        229,800   
   

 

 

 
    2,283,956   
   

 

 

 

Diversified Financial Services—0.3%

   

Aircastle, Ltd.

   

5.500%, 02/15/22

    50,000        50,500   

General Electric Capital Corp.

   

5.300%, 02/11/21

    1,225,000        1,409,128   

6.250%, 12/15/22 (d)

    600,000        651,000   

Intercorp Peru, Ltd.

   

5.875%, 02/12/25 (144A)

    55,000        52,250   

International Lease Finance Corp.

   

5.875%, 04/01/19

    810,000        851,715   

Navient Corp.

   

5.500%, 01/15/19

    520,000        483,275   

7.250%, 01/25/22

    290,000        253,750   
   

 

 

 
    3,751,618   
   

 

 

 

Electric—0.2%

   

AES Corp.

   

5.500%, 03/15/24

    325,000        288,113   

Duke Energy Carolinas LLC

   

4.250%, 12/15/41

    435,000        443,210   

Duke Energy Progress LLC

   

4.375%, 03/30/44

    565,000        587,914   

Exelon Corp.

   

2.850%, 06/15/20

    565,000        569,948   

Electric—(Continued)

   

NRG Energy, Inc.

   

6.250%, 07/15/22

    200,000      182,000   
   

 

 

 
    2,071,185   
   

 

 

 

Electrical Components & Equipment—0.0%

  

 

EnerSys

   

5.000%, 04/30/23 (144A)

    215,000        208,550   
   

 

 

 

Environmental Control—0.0%

   

Clean Harbors, Inc.

   

5.250%, 08/01/20

    210,000        212,100   
   

 

 

 

Food—0.1%

   

Kraft Heinz Foods Co.

   

2.000%, 07/02/18 (144A)

    1,225,000        1,226,706   

2.800%, 07/02/20 (144A)

    675,000        679,423   
   

 

 

 
    1,906,129   
   

 

 

 

Forest Products & Paper—0.0%

   

Cascades, Inc.

   

5.500%, 07/15/22 (144A)

    70,000        66,500   

5.750%, 07/15/23 (144A)

    120,000        114,600   

Clearwater Paper Corp.

   

5.375%, 02/01/25 (144A)

    220,000        209,000   
   

 

 

 
    390,100   
   

 

 

 

Gas—0.0%

   

Southern Star Central Corp.

   

5.125%, 07/15/22 (144A)

    25,000        24,000   
   

 

 

 

Healthcare-Products—0.3%

   

Danaher Corp.

   

2.400%, 09/15/20

    350,000        353,259   

3.350%, 09/15/25

    190,000        193,814   

Hologic, Inc.

   

5.250%, 07/15/22 (144A)

    60,000        60,600   

Medtronic, Inc.

   

2.500%, 03/15/20

    855,000        866,516   

3.150%, 03/15/22

    505,000        512,215   

4.375%, 03/15/35

    725,000        732,897   

4.625%, 03/15/45

    375,000        386,661   

Zimmer Biomet Holdings Inc.

   

1.450%, 04/01/17

    555,000        553,885   
   

 

 

 
    3,659,847   
   

 

 

 

Healthcare-Services—0.6%

   

Anthem, Inc.

   

2.300%, 07/15/18

    822,000        825,483   

3.500%, 08/15/24

    900,000        890,911   

4.625%, 05/15/42

    400,000        394,131   

CHS/Community Health Systems, Inc.

   

5.125%, 08/01/21

    250,000        254,375   

HCA, Inc.

   

6.500%, 02/15/20

    810,000        882,900   

 

MSF-232


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Healthcare-Services—(Continued)

   

Roche Holdings, Inc.

   

3.350%, 09/30/24 (144A)

    830,000      $ 848,875   

Tenet Healthcare Corp.

   

6.000%, 10/01/20

    460,000        485,300   

UnitedHealth Group, Inc.

   

1.400%, 10/15/17

    625,000        628,512   

UnitedHealth Group, Inc.

   

1.900%, 07/16/18

    685,000        692,103   

3.350%, 07/15/22

    520,000        536,691   

3.750%, 07/15/25

    475,000        490,978   

4.750%, 07/15/45

    175,000        184,732   

WellCare Health Plans, Inc.

   

5.750%, 11/15/20

    110,000        114,400   
   

 

 

 
    7,229,391   
   

 

 

 

Holding Companies-Diversified—0.1%

  

 

Hutchison Whampoa International, Ltd.

   

2.000%, 11/08/17 (144A)

    1,050,000        1,053,927   
   

 

 

 

Home Builders—0.1%

   

Lennar Corp.

   

4.500%, 06/15/19

    215,000        217,365   

Meritage Homes Corp.

   

6.000%, 06/01/25

    220,000        221,100   

Ryland Group, Inc. (The)

   

5.375%, 10/01/22

    240,000        242,400   
   

 

 

 
    680,865   
   

 

 

 

Home Furnishings—0.0%

   

Tempur Sealy International, Inc.

   

5.625%, 10/15/23 (144A) (b)

    65,000        65,244   
   

 

 

 

Insurance—0.3%

   

American International Group, Inc.

   

4.700%, 07/10/35

    535,000        551,470   

CNO Financial Group, Inc.

   

4.500%, 05/30/20

    10,000        10,200   

5.250%, 05/30/25

    50,000        50,750   

Marsh & McLennan Cos., Inc.

   

2.550%, 10/15/18

    525,000        536,671   

3.500%, 03/10/25

    370,000        369,692   

Massachusetts Mutual Life Insurance Co.

   

8.875%, 06/01/39(144A)

    325,000        482,011   

Nationwide Mutual Insurance Co.

   

9.375%, 08/15/39(144A)

    910,000        1,378,321   
   

 

 

 
    3,379,115   
   

 

 

 

Internet—0.0%

   

Alibaba Group Holding, Ltd.

   

3.125%, 11/28/21 (b)

    560,000        537,786   
   

 

 

 

Iron/Steel—0.1%

   

ArcelorMittal

   

6.000%, 08/05/20 (b)

    465,000        420,244   

Iron/Steel—(Continued)

   

Steel Dynamics, Inc.

   

5.125%, 10/01/21

    95,000      90,012   

5.500%, 10/01/24

    105,000        96,272   

United States Steel Corp.

   

6.875%, 04/01/21 (b)

    25,000        19,000   

7.375%, 04/01/20 (b)

    45,000        35,775   
   

 

 

 
    661,303   
   

 

 

 

Lodging—0.0%

   

Wynn Las Vegas LLC / Wynn Las Vegas Capital Corp.

   

5.375%, 03/15/22 (b)

    150,000        138,187   
   

 

 

 

Machinery-Construction & Mining—0.0%

  

 

Oshkosh Corp.

   

5.375%, 03/01/25

    120,000        119,400   
   

 

 

 

Machinery-Diversified—0.0%

   

Case New Holland Industrial, Inc.

   

7.875%, 12/01/17

    335,000        353,425   

CNH Industrial Capital LLC

   

3.375%, 07/15/19

    15,000        14,287   
   

 

 

 
    367,712   
   

 

 

 

Media—1.1%

   

21st Century Fox America, Inc.

   

6.150%, 03/01/37

    825,000        932,922   

CCO Holdings LLC / CCO Holdings Capital Corp.

   

5.125%, 02/15/23

    10,000        9,225   

5.250%, 09/30/22

    330,000        309,375   

5.750%, 09/01/23 (b)

    60,000        57,525   

CCO Safari II LLC

   

3.579%, 07/23/20 (144A)

    620,000        615,433   

4.464%, 07/23/22 (144A)

    415,000        415,219   

4.908%, 07/23/25 (144A)

    995,000        990,227   

6.484%, 10/23/45 (144A)

    1,140,000        1,150,089   

Comcast Corp.

   

4.750%, 03/01/44

    240,000        250,418   

COX Communications, Inc.

   

3.250%, 12/15/22 (144A)

    170,000        161,508   

Cox Communications, Inc.

   

3.850%, 02/01/25 (144A)

    380,000        359,960   

DIRECTV Holdings LLC / DIRECTV Financing Co., Inc.

   

5.150%, 03/15/42

    439,000        412,520   

DISH DBS Corp.

   

7.875%, 09/01/19

    490,000        513,682   

Liberty Interactive LLC

   

8.250%, 02/01/30 (b)

    385,000        396,550   

NBCUniversal Media LLC

   

5.150%, 04/30/20

    601,000        678,378   

Sky plc

   

2.625%, 09/16/19 (144A)

    810,000        815,083   

 

MSF-233


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Media—(Continued)

   

TEGNA, Inc.

   

4.875%, 09/15/21 (144A)

    225,000      $ 220,500   

5.125%, 10/15/19

    550,000        558,250   

Time Warner Cable, Inc.

   

4.500%, 09/15/42

    325,000        256,952   

7.300%, 07/01/38

    500,000        523,690   

8.250%, 04/01/19

    626,000        729,460   

8.750%, 02/14/19

    759,000        891,341   

Time Warner, Inc.

   

3.600%, 07/15/25

    350,000        342,720   

Time Warner, Inc.

   

4.850%, 07/15/45

    275,000        269,890   

6.500%, 11/15/36

    535,000        621,641   

Unitymedia Hessen GmbH & Co. KG / Unitymedia NRW GmbH

   

5.500%, 01/15/23 (144A)

    450,000        449,437   

Videotron, Ltd.

   

5.375%, 06/15/24 (144A)

    425,000        418,625   
   

 

 

 
    13,350,620   
   

 

 

 

Mining—0.2%

   

Corp. Nacional del Cobre de Chile

   

4.500%, 09/16/25 (144A) (b)

    1,475,000        1,416,920   

FMG Resources Pty, Ltd.

   

6.875%, 04/01/22 (144A)

    270,000        174,150   

Freeport-McMoRan, Inc.

   

4.000%, 11/14/21

    560,000        436,800   

5.450%, 03/15/43

    175,000        121,625   

Southern Copper Corp.

   

5.250%, 11/08/42

    215,000        162,645   

5.875%, 04/23/45

    375,000        304,444   

Vedanta Resources plc

   

8.250%, 06/07/21

    200,000        140,084   
   

 

 

 
    2,756,668   
   

 

 

 

Oil & Gas—0.8%

   

Anadarko Petroleum Corp.

   

6.375%, 09/15/17

    425,000        458,630   

Antero Resources Corp.

   

5.625%, 06/01/23 (144A) (b)

    100,000        87,750   

BP Capital Markets plc

   

3.062%, 03/17/22

    125,000        125,289   

Cenovus Energy, Inc.

   

5.200%, 09/15/43

    455,000        396,972   

CNPC General Capital, Ltd.

   

1.450%, 04/16/16 (144A)

    1,300,000        1,299,714   

Concho Resources, Inc.

   

6.500%, 01/15/22

    65,000        64,025   

ConocoPhillips Co.

   

3.350%, 11/15/24 (b)

    525,000        512,882   

3.350%, 05/15/25

    270,000        263,105   

Continental Resources, Inc.

   

5.000%, 09/15/22

    235,000        205,625   

Ecopetrol S.A.

   

5.875%, 05/28/45

    585,000        446,062   

Oil & Gas—(Continued)

   

Encana Corp.

   

6.500%, 05/15/19

    800,000      877,274   

Harvest Operations Corp.

   

6.875%, 10/01/17

    210,000        180,600   

Hess Corp.

   

5.600%, 02/15/41

    190,000        177,060   

Kerr-McGee Corp.

   

6.950%, 07/01/24

    585,000        684,824   

Marathon Oil Corp.

   

2.700%, 06/01/20

    555,000        537,819   

MEG Energy Corp.

   

7.000%, 03/31/24 (144A)

    136,000        108,120   

Nexen Energy ULC

   

6.400%, 05/15/37

    370,000        435,172   

Petrobras Global Finance B.V.

   

5.375%, 10/01/29 (GBP)

    420,000        386,522   

6.750%, 01/27/41

    595,000        388,238   

Petroleos de Venezuela S.A.

   

9.750%, 05/17/35

    695,000        251,938   

Petroleos Mexicanos

   

3.500%, 07/23/20 (144A)

    355,000        344,510   

5.500%, 06/27/44

    625,000        501,562   

7.470%, 11/12/26 (MXN)

    12,500,000        680,276   

QEP Resources, Inc.

   

5.375%, 10/01/22

    5,000        4,250   

6.800%, 03/01/20

    15,000        14,250   

SM Energy Co.

   

6.125%, 11/15/22

    55,000        50,930   

Statoil ASA

   

3.700%, 03/01/24

    90,000        92,493   

3.950%, 05/15/43

    525,000        490,147   

Tesoro Corp.

   

5.125%, 04/01/24 (b)

    150,000        147,000   

WPX Energy, Inc.

   

5.250%, 09/15/24

    70,000        56,350   

6.000%, 01/15/22

    55,000        47,300   

Zhaikmunai LLP

   

7.125%, 11/13/19

    280,000        224,000   
   

 

 

 
    10,540,689   
   

 

 

 

Packaging & Containers—0.0%

   

Graphic Packaging International, Inc.

   

4.875%, 11/15/22

    220,000        219,450   

Owens-Brockway Glass Container, Inc.

   

5.875%, 08/15/23 (144A) (b)

    95,000        95,594   
   

 

 

 
      315,044   
   

 

 

 

Pharmaceuticals—0.6%

   

AbbVie, Inc.

   

1.800%, 05/14/18

    950,000        947,363   

4.500%, 05/14/35

    440,000        424,734   

Actavis Funding SCS

   

2.350%, 03/12/18

    2,375,000        2,384,450   

3.000%, 03/12/20

    1,220,000        1,221,069   

4.750%, 03/15/45

    290,000        263,307   

 

MSF-234


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Pharmaceuticals—(Continued)

   

Cardinal Health, Inc.

   

1.950%, 06/15/18

    265,000      $ 265,285   

3.500%, 11/15/24

    1,075,000        1,074,497   

EMD Finance LLC

   

2.950%, 03/19/22 (144A)

    705,000        696,610   

Perrigo Co. plc

   

1.300%, 11/08/16

    335,000        332,479   

Quintiles Transnational Corp.

   

4.875%, 05/15/23 (144A)

    85,000        84,150   
   

 

 

 
    7,693,944   
   

 

 

 

Pipelines—0.4%

   

Crestwood Midstream Partners L.P. / Crestwood Midstream Finance Corp.

   

6.250%, 04/01/23 (144A)

    100,000        85,000   

DCP Midstream LLC

   

5.350%, 03/15/20 (144A)

    25,000        24,221   

9.750%, 03/15/19 (144A)

    30,000        33,605   

DCP Midstream Operating L.P.

   

4.950%, 04/01/22 (b)

    51,000        45,904   

5.600%, 04/01/44

    50,000        40,468   

Energy Transfer Equity L.P.

   

7.500%, 10/15/20

    390,000        388,050   

Energy Transfer Partners L.P.

   

4.750%, 01/15/26

    320,000        294,428   

Kinder Morgan Energy Partners L.P.

   

5.500%, 03/01/44

    675,000        566,538   

Kinder Morgan, Inc.

   

5.050%, 02/15/46

    620,000        491,937   

MarkWest Energy Partners L.P. / MarkWest Energy Finance Corp.

   

4.875%, 12/01/24

    105,000        96,075   

4.875%, 06/01/25

    100,000        91,980   

Regency Energy Partners L.P. / Regency Energy Finance Corp.

   

5.875%, 03/01/22

    375,000        384,289   

Sunoco Logistics Partners Operations L.P.

   

4.250%, 04/01/24

    345,000        313,804   

Tesoro Logistics L.P. / Tesoro Logistics Finance Corp.

   

5.500%, 10/15/19 (144A)

    130,000        127,400   

6.250%, 10/15/22 (144A)

    200,000        195,000   

Williams Partners L.P.

   

3.600%, 03/15/22

    1,130,000        1,043,262   

4.300%, 03/04/24

    560,000        508,079   
   

 

 

 
    4,730,040   
   

 

 

 

Real Estate—0.1%

   

Agile Property Holdings, Ltd.

   

8.875%, 04/28/17

    200,000        201,000   

Prologis L.P.

   

3.350%, 02/01/21

    1,280,000        1,297,485   
   

 

 

 
    1,498,485   
   

 

 

 

Real Estate Investment Trusts—0.6%

   

American Tower Corp.

   

3.400%, 02/15/19

    785,000      808,059   

4.500%, 01/15/18

    425,000        447,081   

Brandywine Operating Partnership L.P.

   

3.950%, 02/15/23

    875,000        863,602   

Duke Realty L.P.

   

3.625%, 04/15/23

    550,000        542,626   

3.750%, 12/01/24

    240,000        236,176   

Equinix, Inc.

   

4.875%, 04/01/20

    190,000        193,325   

HCP, Inc.

   

4.000%, 06/01/25

    1,100,000        1,077,715   

Kimco Realty Corp.

   

3.125%, 06/01/23

    605,000        587,176   

Liberty Property L.P.

   

4.125%, 06/15/22

    525,000        537,901   

Ventas Realty L.P. / Ventas Capital Corp.

   

2.700%, 04/01/20

    570,000        567,592   

Welltower, Inc.

   

4.500%, 01/15/24

    1,250,000        1,307,345   
   

 

 

 
    7,168,598   
   

 

 

 

Retail—0.4%

   

CVS Health Corp.

   

2.800%, 07/20/20

    1,335,000        1,356,365   

3.875%, 07/20/25

    1,025,000        1,056,578   

5.125%, 07/20/45

    805,000        865,337   

Dollar Tree, Inc.

   

5.750%, 03/01/23 (144A)

    120,000        124,500   

Group 1 Automotive, Inc.

   

5.000%, 06/01/22

    205,000        201,925   

Home Depot, Inc. (The)

   

2.625%, 06/01/22

    500,000        499,784   

4.250%, 04/01/46

    520,000        523,740   

Lowe’s Cos., Inc.

   

3.375%, 09/15/25

    360,000        363,725   

4.375%, 09/15/45

    135,000        136,559   

Sally Holdings LLC / Sally Capital, Inc.

   

5.750%, 06/01/22

    45,000        46,913   
   

 

 

 
      5,175,426   
   

 

 

 

Savings & Loans—0.1%

   

Nationwide Building Society

   

6.875%, 06/20/19 (GBP) (b) (d)

    730,000        1,080,730   
   

 

 

 

Semiconductors—0.2%

   

NXP B.V. / NXP Funding LLC

   

4.625%, 06/15/22 (144A)

    200,000        198,500   

QUALCOMM, Inc.

   

3.450%, 05/20/25

    850,000        802,635   

Sensata Technologies B.V.

   

5.000%, 10/01/25 (144A)

    115,000        107,956   

5.625%, 11/01/24 (144A)

    20,000        19,950   

TSMC Global, Ltd.

   

1.625%, 04/03/18 (144A)

    1,400,000        1,387,307   
   

 

 

 
    2,516,348   
   

 

 

 

 

MSF-235


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Corporate Bonds & Notes—(Continued)

 

Security Description   Principal
Amount*
    Value  

Software—0.2%

   

Activision Blizzard, Inc.

   

5.625%, 09/15/21 (144A)

    420,000      $ 442,050   

Audatex North America, Inc.

   

6.000%, 06/15/21 (144A)

    270,000        270,537   

6.125%, 11/01/23 (144A)

    60,000        60,300   

First Data Corp.

   

5.375%, 08/15/23 (144A) (b)

    215,000        212,850   

MSCI, Inc.

   

5.250%, 11/15/24 (144A)

    75,000        75,750   

5.750%, 08/15/25 (144A)

    55,000        55,413   

Open Text Corp.

   

5.625%, 01/15/23 (144A)

    80,000        79,350   

Oracle Corp.

   

2.500%, 05/15/22

    840,000        827,784   
   

 

 

 
    2,024,034   
   

 

 

 

Telecommunications—0.7%

   

AT&T, Inc.

   

4.500%, 05/15/35

    195,000        178,389   

4.750%, 05/15/46

    560,000        513,126   

CommScope, Inc.

   

4.375%, 06/15/20 (144A)

    135,000        133,988   

Digicel Group, Ltd.

   

7.125%, 04/01/22

    530,000        457,125   

Frontier Communications Corp.

   

10.500%, 09/15/22 (144A)

    65,000        63,375   

GTP Acquisition Partners LLC

   

3.482%, 06/15/50 (144A)

    1,355,000        1,355,325   

Inmarsat Finance plc

   

4.875%, 05/15/22 (144A)

    130,000        126,425   

SoftBank Group Corp.

   

4.500%, 04/15/20 (144A)

    380,000        367,992   

Sprint Communications, Inc.

   

7.000%, 03/01/20 (144A)

    540,000        540,000   

Sprint Corp.

   

7.125%, 06/15/24

    200,000        153,920   

T-Mobile USA, Inc.

   

6.464%, 04/28/19

    440,000        447,700   

6.731%, 04/28/22

    400,000        399,000   

Verizon Communications, Inc.

   

3.000%, 11/01/21

    675,000        673,147   

4.400%, 11/01/34

    535,000        497,795   

4.672%, 03/15/55

    2,128,000        1,832,421   

4.862%, 08/21/46

    605,000        567,316   

5.012%, 08/21/54

    523,000        476,005   

6.550%, 09/15/43

    191,000        225,656   
   

 

 

 
    9,008,705   
   

 

 

 

Transportation—0.1%

   

Kansas City Southern de Mexico S.A. de C.V.

   

3.000%, 05/15/23

    1,200,000        1,161,023   

Ryder System, Inc.

   

2.550%, 06/01/19

    365,000        365,878   
   

 

 

 
    1,526,901   
   

 

 

 

Trucking & Leasing—0.1%

   

Penske Truck Leasing Co. L.P. / PTL Finance Corp.

   

4.875%, 07/11/22 (144A)

    1,425,000      1,514,275   
   

 

 

 

Total Corporate Bonds & Notes
(Cost $185,564,586)

      178,309,651   
   

 

 

 
Mortgage-Backed Securities—7.2%   

Collateralized Mortgage Obligations—2.2%

  

 

Adjustable Rate Mortgage Trust

   

0.454%, 01/25/36 (d)

    81,071        67,480   

0.464%, 11/25/35 (d)

    509,031        463,539   

0.694%, 01/25/36 (d)

    346,039        299,638   

Banc of America Funding Trust

   

0.446%, 02/20/47 (d)

    1,762,470        1,436,416   

Bear Stearns Adjustable Rate Mortgage Trust

   

2.796%, 07/25/36 (d)

    803,510        685,752   

Bear Stearns ALT-A Trust

   

0.674%, 02/25/36 (d)

    1,285,336        1,056,584   

0.694%, 01/25/36 (d)

    155,340        129,423   

Bear Stearns Mortgage Funding Trust

   

0.374%, 10/25/36 (d)

    531,735        439,940   

0.394%, 02/25/37 (d)

    1,076,288        823,738   

CHL Mortgage Pass-Through Trust

   

2.498%, 03/20/36 (d)

    118,035        103,937   

Countrywide Alternative Loan Trust

   

0.464%, 01/25/36 (d)

    350,603        312,570   

0.514%, 11/25/35 (d)

    239,539        196,677   

0.594%, 10/25/36 (d)

    60,320        42,330   

0.994%, 12/25/35 (d)

    315,299        260,661   

5.500%, 11/25/35

    1,416,002        1,341,688   

5.500%, 12/25/35

    153,069        133,836   

5.750%, 05/25/36

    94,514        82,143   

6.000%, 12/25/36

    242,316        185,210   

Countrywide Home Loan Mortgage Pass-Through Trust

   

0.394%, 04/25/46 (d)

    468,449        378,988   

0.534%, 02/25/35 (d)

    247,059        215,669   

0.534%, 03/25/35 (d)

    273,272        220,972   

2.482%, 06/20/35 (d)

    40,074        38,415   

2.674%, 09/25/47 (d)

    1,006,118        898,729   

5.750%, 08/25/37

    217,449        205,060   

Deutsche ALT-A Securities Mortgage Loan Trust

   

0.344%, 12/25/36 (d)

    570,893        477,580   

DSLA Mortgage Loan Trust

   

1.103%, 03/19/46 (d)

    169,607        127,614   

Fannie Mae Connecticut Avenue Securities

   

2.799%, 05/25/24 (d)

    240,000        213,267   

3.094%, 07/25/24 (d)

    415,000        376,584   

3.194%, 07/25/24 (d)

    720,000        651,270   

5.094%, 11/25/24 (d)

    250,000        250,781   

 

MSF-236


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Collateralized Mortgage Obligations—(Continued)

  

 

Freddie Mac Structured Agency Credit Risk Debt Notes

   

2.044%, 10/25/27 (d)

    370,000      $ 368,203   

2.394%, 02/25/24 (d)

    615,000        619,419   

2.594%, 10/25/24 (d)

    375,600        378,462   

2.594%, 01/25/25 (d)

    525,000        531,360   

2.694%, 08/25/24 (d)

    650,000        658,818   

2.794%, 12/25/27 (d)

    675,000        680,667   

2.844%, 03/25/28 (d)

    1,000,000        999,999   

GSR Mortgage Loan Trust

   

0.694%, 11/25/35 (d)

    791,114        561,247   

GSR Mortgage Loan Trust

   

2.742%, 01/25/36 (d)

    1,274,947        1,162,982   

6.000%, 07/25/37

    565,443        514,925   

HarborView Mortgage Loan Trust

   

0.916%, 01/19/35 (d)

    121,833        82,776   

IndyMac INDX Mortgage Loan Trust

   

0.394%, 10/25/36 (d)

    200,064        160,394   

0.434%, 07/25/35 (d)

    90,880        79,207   

2.771%, 10/25/35 (d)

    117,825        101,620   

JPMorgan Mortgage Trust

   

2.647%, 05/25/36 (d)

    67,959        60,305   

Lehman XS Trust

   

0.384%, 11/25/46 (d)

    1,115,862        896,988   

0.434%, 06/25/47 (d)

    1,063,161        713,308   

1.044%, 09/25/47 (d)

    135,483        110,296   

Luminent Mortgage Trust

   

0.394%, 10/25/46 (d)

    177,581        151,456   

0.454%, 11/25/35 (d)

    92,900        83,791   

MASTR Adjustable Rate Mortgages Trust

   

0.434%, 05/25/37 (d)

    259,833        169,346   

2.237%, 09/25/33 (d)

    185,408        185,942   

Morgan Stanley Mortgage Loan Trust

   

2.787%, 05/25/36 (d)

    578,218        416,936   

Nomura Asset Acceptance Corp. Alternative Loan Trust

   

3.655%, 06/25/36 (d)

    90,503        68,847   

Residential Accredit Loans, Inc. Trust

   

0.414%, 02/25/46 (d)

    504,262        227,784   

0.494%, 04/25/36 (d)

    809,903        553,161   

0.999%, 09/25/46 (d)

    714,278        502,296   

1.442%, 11/25/37 (d)

    242,520        156,131   

6.000%, 12/25/35

    519,707        453,895   

RFMSI Trust

   

2.859%, 08/25/35 (d)

    151,596        118,263   

Structured Adjustable Rate Mortgage Loan Trust

   

0.494%, 09/25/34 (d)

    114,380        98,653   

Structured Agency Credit Risk Debt Notes

   

1.844%, 04/25/24 (d)

    525,000        520,774   

Structured Asset Mortgage Investments Trust

   

0.424%, 02/25/36 (d)

    196,893        157,883   

WaMu Mortgage Pass-Through Certificates Trust

   

0.614%, 06/25/44 (d)

    104,095        96,597   

1.003%, 12/25/46 (d)

    149,572        116,143   

Collateralized Mortgage Obligations—(Continued)

  

 

1.179%, 07/25/46 (d)

    126,622      102,683   

2.159%, 11/25/46 (d)

    120,448        108,145   

Wells Fargo Alternative Loan Trust

   

2.703%, 12/28/37 (d)

    39,885        34,384   

Wells Fargo Mortgage-Backed Securities Trust

   

2.734%, 10/25/36 (d)

    777,682        736,590   

2.735%, 10/25/35 (d)

    1,541,000        1,478,457   
   

 

 

 
    27,335,624   
   

 

 

 

Commercial Mortgage-Backed Securities—5.0%

  

 

Banc of America Commercial Mortgage Trust

   

3.705%, 09/15/48

    95,000        99,342   

5.492%, 02/10/51

    625,802        657,625   

BB-UBS Trust

   

3.430%, 11/05/36 (144A)

    2,520,000        2,572,056   

Bear Stearns Commercial Mortgage Securities Trust

   

5.291%, 10/12/42 (d)

    145,000        144,801   

5.405%, 12/11/40 (d)

    413,052        413,063   

5.449%, 12/11/40

    170,000        170,447   

5.694%, 06/11/50 (d)

    930,170        982,298   

5.795%, 04/12/38 (d)

    110,000        111,955   

CD Commercial Mortgage Trust

   

5.322%, 12/11/49

    665,000        686,630   

CD Mortgage Trust

   

5.488%, 01/15/46 (d)

    477,778        478,150   

6.325%, 11/15/44 (d)

    80,000        86,108   

Citigroup Commercial Mortgage Trust

   

1.290%, 07/10/47 (d) (e)

    4,632,410        331,982   

1.315%, 04/10/48 (d) (e)

    5,067,410        401,450   

2.935%, 04/10/48

    85,000        83,756   

3.110%, 04/10/48 (144A)

    580,000        429,621   

3.192%, 04/10/48

    125,000        125,288   

4.023%, 03/10/47

    655,000        706,120   

4.563%, 03/10/47 (144A) (d)

    130,000        101,142   

6.349%, 12/10/49 (d)

    440,000        473,374   

COBALT CMBS Commercial Mortgage Trust

   

5.254%, 08/15/48

    140,000        143,121   

Commercial Mortgage Pass-Through Certificates

   

1.023%, 02/10/47 (d) (e)

    3,903,868        168,616   

3.424%, 03/10/31 (144A)

    1,065,000        1,094,810   

3.961%, 03/10/47

    30,000        32,183   

4.376%, 07/10/45 (d)

    680,134        751,994   

4.727%, 10/15/45 (144A) (d)

    165,000        141,199   

4.750%, 10/15/45 (144A) (d)

    220,000        193,894   

6.230%, 12/10/49 (d)

    1,555,438        1,617,230   

Commercial Mortgage Pass-Through Certificates Mortgage Trust

   

2.853%, 10/15/45

    225,000        228,049   

3.183%, 02/10/48

    65,000        65,610   

3.350%, 02/10/48

    320,000        325,709   

3.497%, 05/10/48

    350,000        360,863   

3.528%, 12/10/47

    300,000        310,551   

 

MSF-237


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

3.620%, 07/10/50

    130,000      $ 135,106   

3.796%, 08/10/47

    85,000        89,958   

3.902%, 07/10/50

    210,000        222,225   

Commercial Mortgage Pass-Through Trust

   

2.096%, 10/15/45 (d) (e)

    459,626        42,242   

Credit Suisse Commercial Mortgage Trust

   

5.889%, 06/15/39 (d)

    235,254        245,879   

6.270%, 02/15/41 (d)

    305,000        326,123   

Credit Suisse First Boston Mortgage Securities Corp.

   

4.771%, 07/15/37

    13,671        13,666   

CSAIL Commercial Mortgage Trust

   

1.049%, 06/15/57 (d) (e)

    13,472,163        815,174   

3.508%, 08/15/48 (d)

    405,000        319,156   

3.718%, 08/15/48

    1,553,000        1,624,865   

FREMF Mortgage Trust

   

5.405%, 09/25/43 (144A) (d)

    855,000        957,456   

GE Commercial Mortgage Corp. Trust

   

5.606%, 12/10/49 (d)

    185,000        191,867   

GMAC Commercial Mortgage Securities, Inc. Trust

   

5.238%, 11/10/45 (d)

    146,995        147,040   

Greenwich Capital Commercial Mortgage Trust

   

5.736%, 12/10/49

    1,357,582        1,425,202   

GS Mortgage Securities Corp.

   

2.954%, 11/05/34 (144A)

    1,200,000        1,212,023   

GS Mortgage Securities Corp. Trust

   

3.633%, 06/05/31 (144A)

    130,000        134,307   

GS Mortgage Securities Trust

   

0.335%, 07/10/46 (d) (e)

    12,897,630        123,069   

1.812%, 08/10/44 (144A) (d) (e)

    1,631,270        77,988   

3.582%, 06/10/47 (144A)

    195,000        137,402   

3.674%, 04/10/47 (144A)

    235,000        167,863   

3.680%, 04/10/47

    635,000        672,651   

3.862%, 06/10/47

    1,015,000        1,079,675   

3.998%, 04/10/47

    520,000        559,261   

4.074%, 01/10/47

    225,000        242,367   

5.029%, 04/10/47 (144A) (d)

    585,000        528,518   

Hilton USA Trust

   

2.662%, 11/05/30 (144A)

    1,055,000        1,057,485   

2.954%, 11/05/30 (144A) (d)

    251,294        251,018   

JPMBB Commercial Mortgage Securities Trust

   

1.028%, 09/15/47 (d) (e)

    4,812,162        224,382   

3.179%, 02/15/48

    350,033        351,827   

3.611%, 05/15/48

    150,000        155,826   

3.775%, 08/15/47

    520,000        549,745   

3.997%, 04/15/47

    570,000        613,097   

4.199%, 01/15/47

    1,280,000        1,397,167   

JPMorgan Chase Commercial Mortgage Securities Corp.

   

2.840%, 12/15/47

    675,000        683,232   

4.568%, 12/15/47 (144A) (d)

    245,000        209,714   

JPMorgan Chase Commercial Mortgage Securities Trust

   

1.706%, 02/12/51 (d)

    1,689,523        1,664,516   

2.733%, 10/15/45 (144A) (d)

    400,000        256,221   

Commercial Mortgage-Backed Securities—(Continued)

  

3.905%, 05/05/30 (144A)

    899,445      949,210   

4.000%, 08/15/46 (144A) (d)

    105,000        94,048   

4.821%, 10/15/45 (144A) (d)

    180,000        175,030   

5.336%, 05/15/47

    1,433,382        1,481,246   

5.399%, 05/15/45

    610,809        620,305   

5.427%, 01/12/43 (d)

    123,925        123,771   

5.667%, 12/12/44 (d)

    650,000        653,053   

5.716%, 02/15/51

    272,053        287,589   

5.884%, 02/12/49 (d)

    1,018,998        1,068,704   

6.068%, 02/12/51

    724,753        780,359   

6.100%, 04/15/45 (d)

    521,894        529,807   

LB-UBS Commercial Mortgage Trust

   

5.858%, 07/15/40 (d)

    797,734        831,582   

6.269%, 04/15/41 (d)

    425,190        458,881   

Merrill Lynch Mortgage Trust

   

5.137%, 07/12/38 (d)

    36,921        36,912   

ML-CFC Commercial Mortgage Trust

   

5.378%, 08/12/48

    523,387        542,841   

5.419%, 08/12/48

    340,000        353,348   

5.700%, 09/12/49

    1,630,000        1,724,561   

Morgan Stanley Bank of America Merrill Lynch Trust

   

1.312%, 12/15/47 (d) (e)

    2,966,632        202,992   

3.134%, 12/15/48

    155,000        158,420   

3.176%, 08/15/45

    50,000        51,590   

3.526%, 12/15/47

    150,166        155,103   

4.064%, 02/15/47

    1,295,000        1,395,246   

4.500%, 08/15/45 (144A)

    250,000        207,655   

Morgan Stanley Capital Trust

   

5.351%, 07/15/49 (144A) (d)

    265,000        235,201   

5.566%, 10/12/52 (144A) (d)

    135,000        134,990   

5.569%, 12/15/44

    998,344        1,052,870   

5.692%, 04/15/49 (d)

    2,185,000        2,279,591   

5.890%, 10/15/42 (d)

    73,059        73,203   

6.461%, 01/11/43 (144A) (d)

    175,000        180,658   

Morgan Stanley Re-REMIC Trust

   

5.989%, 08/12/45 (144A) (d)

    205,443        215,705   

5.989%, 08/15/45 (144A) (d)

    1,065,357        1,118,109   

SFAVE Commercial Mortgage Securities Trust

   

3.872%, 01/05/35 (144A) (d)

    250,000        247,610   

4.144%, 01/05/35 (144A) (d)

    470,000        465,388   

UBS-Barclays Commercial Mortgage Trust

   

3.091%, 08/10/49

    355,000        364,568   

3.185%, 03/10/46

    735,000        753,768   

4.226%, 03/10/46 (144A) (d)

    155,000        128,337   

VNDO Mortgage Trust

   

2.996%, 11/15/30 (144A)

    1,105,000        1,119,341   

Wachovia Bank Commercial Mortgage Trust

   

5.418%, 01/15/45 (d)

    18,221        18,231   

5.806%, 03/15/42 (144A) (d)

    107,230        107,189   

Wells Fargo Commercial Mortgage Trust

   

1.345%, 09/15/57 (e)

    8,516,000        630,422   

1.348%, 05/15/48 (d) (e)

    3,962,673        305,189   

2.881%, 05/15/48 (144A)

    510,000        329,758   

2.918%, 10/15/45

    255,000        259,483   

3.356%, 09/15/58 (144A)

    245,000        147,153   

 

MSF-238


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Mortgage-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Commercial Mortgage-Backed Securities—(Continued)

  

3.817%, 08/15/50

    520,000      $ 549,084   

3.839%, 09/15/58

    185,000        194,781   

4.242%, 05/15/48 (d)

    125,000        105,221   

WF-RBS Commercial Mortgage Trust

   

1.607%, 03/15/47 (d) (e)

    2,457,510        185,581   

2.870%, 11/15/45

    400,000        407,056   

2.917%, 08/15/47

    375,233        388,100   

3.016%, 11/15/47 (144A)

    550,000        360,569   

WF-RBS Commercial Mortgage Trust

   

3.071%, 03/15/45

    135,000        137,771   

3.678%, 08/15/47

    840,000        879,081   

4.101%, 03/15/47

    845,000        915,409   

4.495%, 03/15/48 (144A) (d)

    55,000        51,608   

4.902%, 06/15/44 (144A) (d)

    650,000        730,827   

5.000%, 06/15/44 (144A) (d)

    105,000        100,873   

5.000%, 04/15/45 (144A) (d)

    130,000        103,173   

5.746%, 04/15/45 (144A) (d)

    255,000        261,759   
   

 

 

 
    61,814,260   
   

 

 

 

Total Mortgage-Backed Securities
(Cost $88,930,498)

      89,149,884   
   

 

 

 
Asset-Backed Securities—6.7%   

Asset-Backed - Automobile—0.5%

   

AmeriCredit Automobile Receivables Trust

   

2.290%, 11/08/19

    100,000        101,017   

2.720%, 09/09/19

    620,000        628,700   

3.310%, 10/08/19

    245,000        251,250   

Credit Acceptance Auto Loan Trust

   

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

    690,000        688,928   

First Investors Auto Owner Trust

   

1.810%, 10/15/18 (144A)

    195,000        195,339   

2.390%, 11/16/20 (144A)

    285,000        285,817   

Flagship Credit Auto Trust

   

1.210%, 04/15/19 (144A)

    192,574        192,360   

GM Financial Automobile Leasing Trust

   

1.960%, 03/20/18 (144A)

    200,000        200,911   

Santander Drive Auto Receivables Trust

   

2.360%, 04/15/20

    785,000        790,083   

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

    300,000        304,967   

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

    195,000        200,423   

4.670%, 01/15/20 (144A)

    1,085,000        1,117,572   

Westlake Automobile Receivables Trust

   

1.580%, 04/15/20 (144A)

    1,335,000        1,338,427   
   

 

 

 
    6,295,794   
   

 

 

 

Asset-Backed - Home Equity—0.3%

   

GSAA Home Equity Trust

   

0.264%, 12/25/46 (d)

    418,131        224,731   

0.294%, 03/25/37 (d)

    902,464        476,718   

0.424%, 04/25/47 (d)

    294,068        191,257   

0.434%, 11/25/36 (d)

    385,711        233,834   

0.494%, 03/25/36 (d)

    1,767,186        1,247,076   

5.876%, 09/25/36

    181,175        102,172   

5.985%, 06/25/36 (d)

    693,060        376,678   

Asset-Backed - Home Equity—(Continued)

  

Morgan Stanley ABS Capital I, Inc. Trust

   

0.344%, 06/25/36 (d)

    91,839      83,527   

Renaissance Home Equity Loan Trust

   

5.909%, 04/25/37

    685,274        382,243   

6.120%, 11/25/36

    268,393        171,514   

Soundview Home Loan Trust

   

0.444%, 11/25/36 (d)

    595,000        410,701   
   

 

 

 
    3,900,451   
   

 

 

 

Asset-Backed - Other—5.9%

   

AMMC CLO, Ltd.

   

1.745%, 07/27/26 (144A) (d)

    1,340,000        1,330,802   

Apidos CLO

   

1.737%, 01/19/25 (144A) (d)

    895,000        888,568   

1.789%, 04/17/26 (144A) (d)

    1,595,000        1,588,189   

1.839%, 01/16/27 (144A) (d)

    480,000        478,896   

2.139%, 07/15/23 (144A) (d)

    465,000        460,992   

Ares CLO, Ltd.

   

1.137%, 04/20/23 (144A) (d)

    1,095,550        1,086,972   

1.809%, 04/17/26 (144A) (d)

    1,475,000        1,468,243   

Atlas Senior Loan Fund, Ltd.

   

1.829%, 10/15/26 (144A) (d)

    1,190,000        1,180,148   

1.839%, 07/16/26 (144A) (d)

    615,000        612,235   

Atrium CDO Corp.

   

2.071%, 11/16/22 (144A) (d)

    550,000        549,807   

Avery Point CLO, Ltd.

   

1.815%, 04/25/26 (144A) (d)

    1,460,000        1,459,587   

Babson CLO, Ltd.

   

1.777%, 07/20/25 (144A) (d)

    340,000        338,206   

Battalion CLO, Ltd.

   

1.695%, 10/22/25 (144A) (d)

    615,000        609,066   

Benefit Street Partners CLO, Ltd.

   

1.489%, 07/15/24 (144A) (d)

    320,000        313,862   

Carlyle Global Market Strategies CLO, Ltd.

   

1.677%, 01/20/25 (144A) (d)

    1,935,000        1,927,473   

1.744%, 04/27/27 (144A) (d)

    1,425,000        1,417,105   

Cent CLO, Ltd.

   

1.597%, 01/30/25 (144A) (d)

    1,135,000        1,125,334   

1.767%, 04/17/26 (144A) (d)

    1,345,000        1,336,855   

1.785%, 07/27/26 (144A) (d)

    940,000        933,522   

1.791%, 11/07/26 (144A) (d)

    760,000        754,760   

2.327%, 04/17/26 (144A) (d)

    530,000        526,744   

CIFC Funding, Ltd.

   

1.787%, 04/18/25 (144A) (d)

    1,585,000        1,578,877   

1.809%, 05/24/26 (144A) (d)

    1,580,000        1,565,071   

2.409%, 08/14/24 (144A) (d)

    985,000        984,990   

Consumer Credit Origination Loan Trust

   

2.820%, 03/15/21 (144A)

    271,823        272,907   

Dryden Senior Loan Fund

   

1.611%, 11/15/23 (144A) (d)

    980,000        975,113   

1.697%, 07/15/27 (144A) (d)

    1,215,000        1,206,117   

1.769%, 07/15/26 (144A) (d)

    1,605,000        1,600,389   

Finance America Mortgage Loan Trust

   

1.244%, 09/25/33 (d)

    113,652        104,677   

 

MSF-239


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Asset-Backed Securities—(Continued)

 

Security Description   Principal
Amount*
    Value  

Asset-Backed - Other—(Continued)

   

Flatiron CLO, Ltd.

   

2.189%, 07/17/26 (144A) (d)

    330,000      $ 320,479   

Ford Credit Floorplan Master Owner Trust

   

1.400%, 02/15/19

    230,000        230,547   

2.860%, 01/15/19

    139,000        141,966   

3.500%, 01/15/19

    265,000        271,263   

Fremont Home Loan Trust

   

1.244%, 12/25/33 (d)

    105,586        100,645   

GMACM Home Equity Loan Trust

   

0.431%, 10/25/34 (144A) (d)

    143,157        130,905   

GT Loan Financing, Ltd.

   

1.564%, 10/28/24 (144A) (d)

    680,000        672,731   

Highbridge Loan Management, Ltd.

   

1.754%, 05/05/27 (144A) (d)

    895,000        887,302   

HLSS Servicer Advance Receivables Backed Notes

   

1.979%, 08/15/46 (144A)

    385,000        385,000   

ING Investment Management CLO, Ltd.

   

1.536%, 03/14/22 (144A) (d)

    1,151,813        1,149,514   

KKR Financial CLO, Ltd.

   

1.439%, 07/15/25 (144A) (d)

    565,000        553,059   

Knollwood CDO, Ltd.

   

3.484%, 01/10/39 (144A) (d)

    572,699        6   

Lehman XS Trust

   

0.454%, 11/25/35 (d)

    270,766        186,509   

Limerock CLO, Ltd.

   

1.787%, 04/18/26 (144A) (d)

    1,590,000        1,582,570   

Madison Park Funding, Ltd.

   

1.787%, 07/20/26 (144A) (d)

    1,485,000        1,478,963   

Magnetite, Ltd.

   

1.715%, 07/25/26 (144A) (d)

    1,255,000        1,246,066   

1.769%, 04/15/26 (144A) (d)

    970,000        966,593   

1.789%, 04/15/27 (144A) (d)

    955,000        951,397   

2.245%, 07/25/26 (144A) (d)

    1,010,000        993,827   

Neuberger Berman CLO, Ltd.

   

1.759%, 04/15/26 (144A) (d)

    1,170,000        1,161,510   

1.779%, 08/04/25 (144A) (d)

    1,230,000        1,219,911   

Newcastle Mortgage Securities Trust

   

0.424%, 04/25/37 (d)

    525,000        357,887   

NRZ Advance Receivables Trust Advance Receivables Backed

   

3.302%, 08/17/48 (144A)

    3,710,000        3,709,993   

Oak Hill Credit Partners, Ltd.

   

1.757%, 07/20/26 (144A) (d)

    455,000        452,721   

Oaktree EIF, Ltd.

   

1.871%, 02/15/26 (144A) (d)

    1,345,000        1,336,377   

OCP CLO, Ltd.

   

1.804%, 04/17/27 (144A) (d)

    1,230,000        1,215,282   

Octagon Investment Partners, Ltd.

   

1.409%, 07/17/25 (144A) (d)

    720,000        708,966   

Ocwen Master Advance Receivables Trust

   

2.537%, 09/17/46 (144A)

    1,125,000        1,125,000   

OHA Loan Funding, Ltd.

   

1.599%, 08/23/24 (144A) (d)

    695,000        687,858   

1.821%, 02/15/27 (144A) (d)

    1,575,000        1,564,047   

Asset-Backed - Other—(Continued)

   

OZLM Funding, Ltd.

   

1.445%, 07/22/25 (144A) (d)

    1,205,000      1,186,228   

OZLM XII, Ltd.

   

1.736%, 04/30/27 (144A) (d)

    1,360,000        1,351,161   

Race Point CLO, Ltd

   

1.768%, 04/15/27 (144A) (d)

    1,610,000        1,599,500   

SBA Tower Trust

   

2.898%, 10/15/44 (144A)

    845,000        847,696   

Securitized Asset-Backed Receivables LLC Trust

   

0.284%, 07/25/36 (d)

    582,700        279,691   

Seneca Park CLO, Ltd.

   

1.769%, 07/17/26 (144A) (d)

    1,095,000        1,089,187   

Shackleton CLO

   

1.769%, 07/17/26 (144A) (d)

    1,105,000        1,100,013   

Sound Point CLO, Ltd.

   

1.662%, 01/21/26 (144A) (d)

    1,415,000        1,396,952   

1.819%, 04/15/27 (144A) (d)

    1,315,000        1,301,791   

SpringCastle America Funding LLC

   

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

    923,199        924,461   

Springleaf Funding Trust

   

2.410%, 12/15/22 (144A)

    1,140,000        1,140,488   

Symphony CLO L.P.

   

2.033%, 01/09/23 (144A) (d)

    1,280,000        1,279,286   

Symphony CLO, Ltd.

   

1.564%, 07/23/23 (144A) (d)

    1,420,000        1,416,169   

1.766%, 07/14/26 (144A) (d)

    1,295,000        1,290,207   

Treman Park CLO LLC

   

1.761%, 04/20/27 (144A) (d)

    1,350,000        1,342,960   

Voya CLO, Ltd.

   

1.755%, 04/18/27 (144A) (d)

    1,265,000        1,258,387   

2.375%, 04/18/27 (144A) (d)

    440,000        430,587   
   

 

 

 
    73,699,165   
   

 

 

 

Total Asset-Backed Securities
(Cost $84,778,648)

      83,895,410   
   

 

 

 
Floating Rate Loans (j)—2.4%                

Aerospace/Defense—0.0%

   

Transdigm, Inc.

   

Term Loan E, 3.500%, 05/14/22

    398,096        393,245   
   

 

 

 

Agriculture—0.0%

   

American Rock Salt Holdings LLC

   

1st Lien Term Loan, 4.750%, 05/20/21

    286,375        285,063   

Incremental Term Loan, 4.750%, 05/20/21

    124,370        122,940   
   

 

 

 
    408,003   
   

 

 

 

Auto Manufacturers—0.1%

   

Chrysler Group LLC

   

Term Loan B, 3.250%, 12/31/18

    876,650        870,294   
   

 

 

 

 

MSF-240


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Floating Rate Loans—(Continued)

 

Security Description   Principal
Amount*
    Value  

Chemicals—0.2%

   

Chemours Co. (The)

   

Term Loan B, 3.750%, 05/12/22

    209,475      $ 182,941   

Ineos U.S. Finance LLC

   

Term Loan, 3.750%, 05/04/18

    1,288,130        1,255,283   

Nexeo Solutions LLC

   

Term Loan B3, 5.000%, 09/08/17

    761,438        730,028   
   

 

 

 
    2,168,252   
   

 

 

 

Coal—0.0%

   

Arch Coal, Inc.

   

Term Loan B, 6.250%, 05/16/18

    319,239        180,104   
   

 

 

 

Commercial Services—0.0%

   

Acosta Holdco, Inc.

   

Term Loan, 4.250%, 09/26/21

    183,615        182,100   

Jaguar Holding Co. II

   

Term Loan B, 4.250%, 08/18/22

    124,688        123,895   

Moneygram International, Inc.

   

Term Loan B, 4.250%, 03/27/20

    103,635        97,935   

ON Assignment, Inc.

   

Term Loan, 3.750%, 06/05/22

    127,952        128,171   
   

 

 

 
    532,101   
   

 

 

 

Cosmetics/Personal Care—0.1%

   

Revlon Consumer Products Corp.

   

Term Loan B, 3.250%, 11/20/17

    932,917        933,266   
   

 

 

 

Diversified Telecommunication Services—0.0%

  

 

Level 3 Financing, Inc.

   

Term Loan B2, 3.500%, 05/31/22

    565,000        561,939   
   

 

 

 

Electric—0.1%

   

Calpine Construction Finance Co. L.P.

   

Term Loan B2, 3.250%, 01/31/22

    1,596,504        1,559,585   

Energy Future Intermediate Holding Co. LLC

   

Term Loan, 4.250%, 06/19/16

    100,000        99,833   
   

 

 

 
    1,659,418   
   

 

 

 

Energy Equipment & Services—0.0%

   

Chief Exploration & Development LLC

   

2nd Lien Term Loan, 7.500%, 05/12/21

    105,000        87,281   

Seadrill Partners Finco LLC

   

Term Loan B, 4.000%, 02/21/21

    677,925        416,246   
   

 

 

 
    503,527   
   

 

 

 

Food—0.1%

   

Albertson’s LLC

   

Term Loan B4, 5.500%, 08/25/21

    223,352        223,834   

Aramark Services, Inc.

   

Term Loan F, 3.250%, 02/24/21

    488,560        488,191   

Hostess Brands LLC

   

1st Lien Term Loan, 4.500%, 08/03/22

    100,000        100,265   

Food—(Continued)

   

JBS USA LLC

   

Incremental Term Loan, 3.750%, 09/18/20

    571,572      571,126   

Term Loan B, 1.500%, 08/06/22

    220,000        220,136   
   

 

 

 
    1,603,552   
   

 

 

 

Healthcare-Products—0.1%

   

Mallinckrodt International Finance S.A.

   

Term Loan B, 3.250%, 03/19/21

    768,300        756,616   
   

 

 

 

Healthcare-Services—0.2%

   

Community Health Systems, Inc.

   

Term Loan H, 4.000%, 01/27/21

    139,650        139,941   

IMS Health, Inc.

   

Term Loan, 3.500%, 03/17/21

    945,600        942,543   

Medpace Holdings, Inc.

   

1st Lien Term Loan, 4.750%, 04/01/21

    240,755        240,153   

MPH Acquisition Holdings LLC

   

Term Loan, 3.750%, 03/31/21

    202,273        200,073   

Ortho-Clinical Diagnostics, Inc.

   

Term Loan B, 4.750%, 06/30/21

    237,000        234,284   

U.S. Renal Care, Inc.

   

Term Loan, 4.250%, 07/03/19

    373,333        373,100   
   

 

 

 
    2,130,094   
   

 

 

 

Hotels, Restaurants & Leisure—0.0%

   

Aristocrat Leisure Ltd.

   

Term Loan B, 4.750%, 10/20/21

    219,808        220,372   
   

 

 

 

Insurance—0.2%

   

Asurion LLC

   

2nd Lien Term Loan, 8.500%, 03/03/21

    385,000        349,676   

Term Loan B1, 5.000%, 05/24/19

    111,198        106,229   

Term Loan B2, 4.250%, 07/08/20

    294,724        278,072   

Term Loan B4, 5.000%, 08/04/22

    336,548        319,825   

Hub International, Ltd.

   

Term Loan B, 4.000%, 10/02/20

    343,513        336,499   

Sedgwick Claims Management Services, Inc.

   

1st Lien Term Loan, 3.750%, 03/01/21

    799,310        788,070   

2nd Lien Term Loan, 6.750%, 02/28/22

    205,000        193,725   
   

 

 

 
    2,372,096   
   

 

 

 

Internet & Catalog Retail—0.0%

   

Lands’ End, Inc.

   

Term Loan B, 4.250%, 04/04/21

    211,576        196,766   
   

 

 

 

Internet Software & Services—0.0%

   

Dealertrack Technologies, Inc.

   

Term Loan B, 5.000%, 02/28/21

    539,022        538,012   
   

 

 

 

 

MSF-241


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Floating Rate Loans—(Continued)

 

Security Description   Principal
Amount*
    Value  

Leisure Time—0.1%

   

Delta 2 (LUX) S.a.r.l.

   

2nd Lien Term Loan, 7.750%, 07/31/22

    165,000      $ 159,156   

Term Loan B3, 4.750%, 07/30/21

    500,000        494,375   
   

 

 

 
    653,531   
   

 

 

 

Lodging—0.1%

   

La Quinta Intermediate Holdings LLC

   

Term Loan B, 3.750%, 04/14/21

    524,113        519,691   

Station Casinos LLC

   

Term Loan B, 4.250%, 03/02/20

    296,761        296,602   
   

 

 

 
    816,293   
   

 

 

 

Machinery-Diversified—0.1%

   

Gardner Denver, Inc.

   

Term Loan, 4.250%, 07/30/20

    564,912        536,275   

PRA Holdings, Inc.

   

1st Lien Term Loan, 4.500%, 09/23/20

    252,232        252,637   
   

 

 

 
    788,912   
   

 

 

 

Media—0.1%

   

Advantage Sales & Marketing, Inc.

   

1st Lien Term Loan, 4.250%, 07/23/21

    203,273        201,150   

Charter Communications Operating LLC

   

Term Loan I, 3.500%, 01/24/23

    240,000        238,894   

Numericable U.S. LLC

   

Term Loan B1, 4.500%, 05/21/20

    93,123        92,643   

Term Loan B2, 4.500%, 05/21/20

    80,564        80,149   
   

 

 

 
    612,836   
   

 

 

 

Oil & Gas—0.0%

   

Fieldwood Energy LLC

   

1st Lien Term Loan, 3.875%, 09/28/18

    501,058        430,283   

Paragon Offshore Finance Co.

   

Term Loan B, 3.750%, 07/18/21

    99,000        38,775   

Templar Energy LLC

   

2nd Lien Term Loan, 8.500%, 11/25/20

    100,000        45,750   
   

 

 

 
    514,808   
   

 

 

 

Packaging & Containers—0.1%

   

Berry Plastics Holding Corp.

   

Term Loan D, 3.500%, 02/08/20

    294,710        292,746   

BWAY Holding Co., Inc.

   

Term Loan B, 5.500%, 08/14/20

    167,875        167,508   

Caesars Growth Properties Holdings LLC

   

Term Loan, 6.250%, 05/08/21

    212,313        186,835   

Signode Industrial Group U.S., Inc.

   

Term Loan B, 3.750%, 05/01/21

    269,963        267,305   
   

 

 

 
    914,394   
   

 

 

 

Pharmaceuticals—0.1%

   

Endo Luxembourg Finance Co. I S.a.r.l.

   

Term Loan B, 0.000%, 09/26/22 (k)

    325,000      324,569   

Grifols Worldwide Operations USA, Inc.

   

Term Loan B, 3.194%, 02/27/21

    640,250        641,117   

Valeant Pharmaceuticals International, Inc.

   

Term Loan B F1, 4.000%, 04/01/22

    407,950        404,274   
   

 

 

 
    1,369,960   
   

 

 

 

Pipelines—0.0%

   

Energy Transfer Equity L.P.

   

Term Loan, 3.250%, 12/02/19

    325,000        314,844   
   

 

 

 

Professional Services—0.0%

   

TransUnion LLC

   

Term Loan B2, 3.500%, 04/09/21

    432,766        429,520   
   

 

 

 

Real Estate—0.0%

   

DTZ U.S. Borrower LLC

   

1st Lien Term Loan, 0.000%, 11/04/21 (k)

    149,625        148,386   
   

 

 

 

Retail—0.2%

   

J Crew Group, Inc.

   

Term Loan B, 4.000%, 03/05/21

    318,084        246,847   

Michaels Stores, Inc.

   

Incremental Term Loan B2, 4.000%, 01/28/20

    123,750        123,917   

Neiman Marcus Group, Inc. (The)

   

Term Loan, 4.250%, 10/25/20

    635,325        623,232   

Party City Holdings, Inc.

   

Term Loan B, 4.250%, 08/19/22

    620,550        620,809   

PetSmart, Inc.

   

Term Loan B, 4.250%, 03/11/22

    473,813        473,763   

Roundy’s Supermarkets, Inc.

   

Term Loan B, 5.750%, 03/03/21

    149,845        131,488   
   

 

 

 
    2,220,056   
   

 

 

 

Semiconductors—0.1%

   

Avago Technologies Cayman, Ltd.

   

Term Loan B, 3.750%, 05/06/21

    188,874        188,974   

Entegris, Inc.

   

Term Loan B, 3.500%, 04/30/21

    328,992        328,068   

Freescale Semiconductor, Inc.

   

Term Loan B4, 4.250%, 02/28/20

    343,875        343,847   
   

 

 

 
    860,889   
   

 

 

 

Software—0.2%

   

First Data Corp.

   

Term Loan, 3.946%, 07/08/22

    820,000        816,207   

Infor (U.S.), Inc.

   

Term Loan B5, 3.750%, 06/03/20

    337,175        327,692   

Kronos, Inc.

   

2nd Lien Term Loan, 9.750%, 04/30/20

    154,879        159,041   

 

MSF-242


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Floating Rate Loans—(Continued)

 

Security Description   Principal
Amount*
    Value  

Software—(Continued)

   

Incremental Term Loan, 4.500%, 10/30/19

    405,229      $ 404,976   

SS&C Technologies, Inc.

   

Term Loan B1, 4.000%, 07/08/22

    223,681        224,479   

Term Loan B2, 4.000%, 07/08/22

    34,146        34,268   
   

 

 

 
    1,966,663   
   

 

 

 

Specialty Retail—0.0%

   

Staples, Inc.

   

Term Loan B, 0.000%, 04/07/21 (k)

    210,000        209,488   
   

 

 

 

Telecommunications—0.2%

   

Altice Financing S.A.

   

Term Loan, 5.250%, 02/04/22

    174,563        175,072   

Neptune Finco Corp.

   

Term Loan B, 0.000%,
09/21/22 (k)

    165,000        164,086   

West Corp.

   

Term Loan B10, 3.250%, 06/30/18

    263,650        261,116   

XO Communications LLC

   

Term Loan, 4.250%, 03/17/21

    369,375        367,858   

Ziggo Financing Partnership

   

Term Loan B1, 3.500%, 01/15/22

    536,191        528,372   

Term Loan B2A, 3.500%, 01/15/22

    345,532        340,493   

Term Loan B3, 3.500%, 01/15/22

    568,277        559,990   
   

 

 

 
    2,396,987   
   

 

 

 

Trading Companies & Distributors—0.0%

  

Neff Rental LLC

   

2nd Lien Term Loan, 7.250%, 06/09/21

    104,130        97,362   
   

 

 

 

Transportation—0.0%

  

Kenan Advantage Group, Inc.

   

Delayed Draw Term Loan, 1.500%, 01/23/17 (l)

    10,000        9,992   

Term Loan, 4.000%, 07/31/22

    80,000        79,933   

Term Loan B, 4.000%, 07/31/22

    30,903        30,877   
   

 

 

 
      120,802   
   

 

 

 

Total Floating Rate Loans
(Cost $31,481,374)

      30,463,388   
   

 

 

 
Foreign Government—1.1%           

Banks—0.1%

  

Banque Centrale de Tunisie S.A.

   

5.750%, 01/30/25

    550,000        523,875   

Export-Import Bank of China via
Avi Funding Co., Ltd.

   

2.850%, 09/16/20

    800,000        795,181   
   

 

 

 
    1,319,056   
   

 

 

 

Sovereign—1.0%

  

Bonos de Desarrollo del Gobierno Federal

   

3.050%, 05/28/20 (MXN) (d)

    27,102,600      1,588,219   

Brazil Notas do Tesouro Nacional

   

6.000%, 08/15/16 (BRL) (h)

    1,000,000        677,018   

6.000%, 05/15/19 (BRL) (h)

    828,000        513,402   

Colombian TES

   

3.000%, 03/25/33 (COP) (h)

    1,249,895,800        339,215   

3.500%, 03/10/21 (COP) (h)

    635,581,977        208,438   

Costa Rica Government International Bond

   

9.200%, 03/27/19 (144A) (CRC)

    126,200,000        246,359   

Dominican Republic International Bond

   

5.500%, 01/27/25 (144A)

    545,000        525,925   

Hungary Government Bond

   

5.500%, 06/24/25 (HUF)

    24,970,000        104,694   

Jamaica Government International Bond

   

6.750%, 04/28/28

    505,000        507,525   

Kazakhstan Government International Bond

   

5.125%, 07/21/25 (144A)

    446,000        429,364   

Malaysia Government Bond

   

3.492%, 03/31/20 (MYR)

    1,590,000        357,294   

Mexican Bonos

   

10.000%, 12/05/24 (MXN)

    6,857,000        516,703   

Mexico Government International Bonds

   

3.000%, 03/06/45 (EUR)

    330,000        302,829   

5.625%, 03/19/14 (GBP)

    300,000        435,729   

Nigeria Government Bond

   

12.149%, 07/18/34 (NGN)

    26,830,000        109,604   

Peruvian Government International Bond

   

4.125%, 08/25/27

    300,000        294,000   

Poland Government Bond

   

3.250%, 07/25/25 (PLN)

    2,357,000        641,784   

Romania Government Bond

   

5.850%, 04/26/23 (RON)

    370,000        108,230   

Russian Federal Bond - OFZ

   

7.500%, 02/27/19 (RUB)

    11,355,000        156,909   

Russian Foreign Bonds - Eurobond

   

7.850%, 03/10/18 (RUB)

    75,000,000        1,070,067   

South Africa Government Bonds

   

7.750%, 02/28/23 (ZAR)

    8,245,000        576,796   

8.500%, 01/31/37 (ZAR)

    8,100,000        553,637   

Thailand Government Bond

   

3.850%, 12/12/25 (THB)

    10,450,000        314,145   

Turkey Government International Bond

   

4.875%, 04/16/43

    595,000        495,337   

Uruguay Government International Bonds

   

3.700%, 06/26/37 (UYU) (h)

    17,565,376        404,774   

4.250%, 04/05/27 (UYU) (h)

    25,233,522        706,452   

4.375%, 12/15/28 (UYU) (h)

    5,720,965        158,003   
   

 

 

 
    12,342,452   
   

 

 

 

Total Foreign Government
(Cost $15,445,982)

      13,661,508   
   

 

 

 

 

MSF-243


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Municipals—0.4%

 

Security Description  

Notional/
Principal
Amount*/
Shares

    Value  

Chicago Transit Authority Transfer Tax Receipts Revenue

   

6.899%, 12/01/40

    805,000      $ 901,846   

Puerto Rico Commonwealth Government Employees Retirement System

   

6.150%, 07/01/38

    1,860,000        576,600   

6.200%, 07/01/39

    825,000        255,750   

6.550%, 07/01/58

    315,000        97,650   

State of California General Obligation Unlimited, Build America Bonds

   

7.350%, 11/01/39

    1,525,000        2,124,233   

7.600%, 11/01/40

    350,000        512,222   

State of Illinois

   

5.665%, 03/01/18

    300,000        319,017   

State of Illinois, Build America Bonds

   

5.100%, 06/01/33

    330,000        309,144   
   

 

 

 

Total Municipals
(Cost $5,762,600)

      5,096,462   

Purchased Options—0.0%

  

Currency Options—0.0%

   

HKD Call/USD Put, Strike Price HKD 7.754, Expires 03/01/16 (Counterparty - Goldman Sachs International) (HKD) (m)

    11,595,000        6,691   

PEN Call/USD Put, Strike Price PEN 3.225, Expires 10/21/15 (Counterparty - Morgan Stanley & Co.) (PEN) (m)

    1,885,000        2,084   

PEN Call/USD Put, Strike Price PEN 3.243, Expires 10/09/15 (Counterparty - Morgan Stanley & Co.) (PEN) (m)

    3,770,000        5,517   

PEN Call/USD Put, Strike Price PEN 3.253, Expires 10/22/15 (Counterparty - Citibank N.A.) (PEN) (m)

    1,885,000        4,.227   
   

 

 

 

Total Purchased Options
(Cost $32,373)

      18,519   
   

 

 

 
Short-Term Investments—6.5%           

Commercial Paper—0.7%

   

Canadian Imperial Bank of Commerce

   

0.130%, 10/01/15

    2,000,000        2,000,000   

Credit Agricole S.A.

   

0.140%, 10/01/15

    3,800,000        3,800,000   

Sumitomo Mitsui Banking Corp.

   

0.160%, 10/01/15

    2,600,000        2,600,000   
   

 

 

 
    8,400,000   
   

 

 

 

Mutual Fund—5.0%

   

State Street Navigator Securities Lending MET Portfolio (n)

    63,061,926        63,061,926   
   

 

 

 

Repurchase Agreement—0.8%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $9,541,566 on 10/01/15, collateralized by $9,550,000 U.S. Treasury Note at 1.625% due 07/31/19 with a value of $9,735,385

    9,541,566      9,541,566   
   

 

 

 

Total Short-Term Investments
(Cost $81,003,492)

      81,003,492   
   

 

 

 

Total Investments—114.7%
(Cost $1,422,150,046)

      1,433,754,298   
   

 

 

 

Unfunded Loan Commitments—(0.0)%
(Cost $(10,000))

      (10,000
   

 

 

 

Net Investments— 114.7%
(Cost $1,422,140,046) (o)

      1,433,744,298   

Other assets and liabilities (net)—(14.7)%

      (183,850,652
   

 

 

 
Net Assets—100.0%     $ 1,249,893,646   
   

 

 

 

 

* Principal and notional amounts 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, 2015, the market value of securities loaned was $70,597,348 and the collateral received consisted of cash in the amount of $63,061,926 and non-cash collateral with a value of $8,512,988. 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, 2015. 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 centrally cleared swap contracts. As of September 30, 2015, the market value of securities pledged was $1,959,536.
(g) All or a portion of the security was pledged as collateral against open swap contracts. As of September 30, 2015, the market value of securities pledged was $320,027.
(h) Principal amount of security is adjusted for inflation.
(i) Non-income producing; security is in default and/or issuer is in bankruptcy.
(j)

Floating rate loans (Senior Loans) often require prepayments from excess cash flows or permit the borrowers to repay at their election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, Senior Loans will have an expected average life of

 

MSF-244


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

 

TBA Forward Sale Commitments

 

Security Description

   Interest Rate     Maturity      Face
Amount
    Cost     Value  

Fannie Mae 15 Yr. Pool

     3.000     TBA         (2,400,000   $ (2,493,943   $ (2,499,187

Fannie Mae 15 Yr. Pool

     3.500     TBA         (2,200,000     (2,319,125     (2,323,750

Fannie Mae 15 Yr. Pool

     4.500     TBA         (3,500,000     (3,636,035     (3,626,602

Fannie Mae 30 Yr. Pool

     3.000     TBA         (2,850,000     (2,888,801     (2,888,297

Fannie Mae 30 Yr. Pool

     4.500     TBA         (1,800,000     (1,950,469     (1,951,228

Fannie Mae 30 Yr. Pool

     5.500     TBA         (100,000     (111,656     (111,697

Freddie Mac 30 Yr. Gold Pool

     5.000     TBA         (700,000     (768,031     (766,828

Freddie Mac 30 Yr. Gold Pool

     5.500     TBA         (200,000     (222,313     (221,734

Ginnie Mae II 30 Yr. Pool

     3.000     TBA         (10,500,000     (10,621,406     (10,714,718

Ginnie Mae II 30 Yr. Pool

     4.000     TBA         (1,800,000     (1,907,578     (1,917,739
         

 

 

   

 

 

 

Totals

  

  $ (26,919,357   $ (27,021,780
         

 

 

   

 

 

 

Forward Foreign Currency Exchange Contracts

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
BRL     2,029,000      

State Street Bank and Trust

     12/02/15       $ 483,233       $ 17,587   
CNY     3,080,000      

JPMorgan Chase Bank N.A.

     07/28/16         491,307         (14,568
EUR     4,000      

Morgan Stanley & Co. International plc

     12/16/15         4,520         (45
EUR     155,000      

Bank of America N.A.

     03/15/17         177,515         (1,744
EUR     205,000      

Bank of America N.A.

     03/15/17         234,911         (2,439
EUR     270,000      

UBS AG

     03/15/17         309,587         (3,406
HUF     29,100,000      

HSBC Bank USA

     12/16/15         104,986         (1,281

 

  approximately two to four years. The stated interest rate represents the weighted average interest rate of all contracts within the senior loan facility and includes commitment fees on unfunded loan commitments, if any. Senior Loans typically have rates of interest which are determined either daily, monthly, quarterly or semi-annually by reference to a base lending rate, plus a premium. These base rates are primarily the London Interbank Offered Rate (“LIBOR”) and secondarily, the prime rate offered by one or more major United States banks (the “Prime Rate”) and the certificate of deposit (“CD”) rate or other base lending rates used by commercial lenders.
(k) This loan will settle after September 30, 2015, at which time the interest rate will be determined.
(l) 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.
(m) Illiquid security. As of September 30, 2015, these securities represent 0.0% of net assets.
(n) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(o) As of September 30, 2015, the aggregate cost of investments was $1,422,140,046. The aggregate unrealized appreciation and depreciation of investments were $71,497,140 and $(59,892,888), respectively, resulting in net unrealized appreciation of $11,604,252.
(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, 2015, the market value of 144A securities was $133,329,866, which is 10.7% 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
(COP)— Colombian Peso
(CRC)— Costa Rican Colon
(EUR)— Euro
(GBP)— British Pound
(HKD)— Hong Kong Dollar
(HUF)— Hungarian Forint
(MXN)— Mexican Peso
(MYR)— Malaysian Ringgit
(NGN)— Nigerian Naira
(PEN)— Peruvian Nuevo Sol
(PLN)— Polish Zloty
(REMIC)— Real Estate Mortgage Investment Conduit
(RON)— New Romanian Leu
(RUB)— Russian Ruble
(THB)— Thai Baht
(UYU)— Uruguayan Peso
(ZAR)— South African Rand

 

MSF-245


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Forward Foreign Currency Exchange Contracts(Continued)

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
IDR     7,539,000,000      

Goldman Sachs International

     05/18/16       $ 487,961       $ (10,525
INR     35,500,000      

Deutsche Bank AG

     12/16/15         525,342         8,561   
KES     44,665,000      

Citibank N.A.

     12/16/15         408,272         12,311   
MXN     7,776,000      

Royal Bank of Canada

     12/16/15         459,154         (1,894
MXN     4,490,000      

Standard Chartered Bank

     12/16/15         264,725         (695
MYR     2,790,000      

Barclays Bank plc

     12/16/15         661,138         (29,431
MYR     2,790,000      

Goldman Sachs International

     12/16/15         639,908         (8,201
MYR     2,790,000      

JPMorgan Chase Bank N.A.

     12/16/15         626,966         4,741   
NGN     153,497,000      

BNP Paribas S.A.

     10/08/15         845,714         (75,813
RSD     49,000,000      

Citibank N.A.

     12/16/15         458,372         (3,043
RSD     11,438,000      

Goldman Sachs International

     12/16/15         106,817         (531
TRY     1,090,000      

HSBC Bank USA

     12/16/15         348,232         3,786   
ZAR     13,022,000      

Goldman Sachs International

     12/17/15         916,587         10,651   
BRL     1,020,000      

HSBC Bank USA

     12/02/15         253,921         2,153   
BRL     6,035,000      

Morgan Stanley & Co. International plc

     12/02/15         1,390,874         (98,754
BRL     2,725,000      

Morgan Stanley & Co. International plc

     12/02/15         743,682         71,067   
BRL     504,000      

Morgan Stanley & Co. International plc

     12/02/15         124,768         365   
CNY     2,435,000      

Deutsche Bank AG

     07/28/16         369,499         (7,403
CNY     645,000      

Goldman Sachs International

     07/28/16         98,099         (1,738
COP     73,320,000      

BNP Paribas S.A.

     12/16/15         23,380         (158
COP     658,000,000      

Goldman Sachs International

     12/16/15         212,601         1,363   
COP     347,682,000      

Morgan Stanley & Co. International plc

     12/16/15         112,920         1,304   
COP     183,998,000      

State Street Bank and Trust

     12/16/15         58,496         (573
CRC     137,501,000      

Citibank N.A.

     12/16/15         252,945         (2,094
CZK     13,160,000      

BNP Paribas S.A.

     12/16/15         547,968         5,896   
EUR     5,640,000      

Citibank N.A.

     10/30/15         6,342,383         37,606   
EUR     1,005,000      

Bank of America N.A.

     03/15/17         1,080,446         (59,229
GBP     1,017,000      

Royal Bank of Scotland plc

     10/30/15         1,545,411         7,148   
GBP     690,000      

JPMorgan Chase Bank N.A.

     12/16/15         1,059,517         16,045   
HKD     10,555,000      

Deutsche Bank AG

     12/16/15         1,361,506         (372
HKD     5,800,000      

Goldman Sachs International

     03/03/16         747,982         (252
HUF     58,800,000      

Goldman Sachs International

     12/16/15         208,489         (1,059
IDR     3,812,000,000      

Barclays Bank plc

     05/18/16         264,080         22,671   
IDR     3,727,000,000      

JPMorgan Chase Bank N.A.

     05/18/16         257,478         21,452   
INR     35,500,000      

JPMorgan Chase Bank N.A.

     12/16/15         529,140         (4,763
KES     8,933,000      

Barclays Bank plc

     12/16/15         81,580         (2,537
KES     13,400,000      

Standard Chartered Bank

     12/16/15         121,803         (4,377
KES     13,400,000      

Standard Chartered Bank

     12/16/15         121,985         (4,195
KES     8,932,000      

Standard Chartered Bank

     12/16/15         81,053         (3,055
MXN     8,950,000      

JPMorgan Chase Bank N.A.

     12/16/15         527,153         857   
MXN     46,229,000      

Royal Bank of Canada

     12/16/15         2,725,108         6,658   
MXN     4,970,000      

UBS AG

     12/16/15         290,713         (1,543
MYR     5,580,000      

Deutsche Bank AG

     12/16/15         1,266,167         2,754   
MYR     6,360,000      

HSBC Bank USA

     12/16/15         1,470,010         29,991   
MYR     810,000      

HSBC Bank USA

     12/16/15         183,611         212   
NGN     77,000,000      

Citibank N.A.

     10/08/15         364,066         (22,145
NGN     32,486,000      

Citibank N.A.

     12/16/15         145,027         (14,018
PLN     2,445,000      

Bank of America N.A.

     12/16/15         644,825         2,814   
RON     440,000      

JPMorgan Chase Bank N.A.

     12/16/15         110,722         (401
RUB     23,331,000      

BNP Paribas S.A.

     12/16/15         342,348         (6,466
RUB     23,281,000      

Credit Suisse International

     12/16/15         342,217         (5,849
RUB     14,003,000      

Credit Suisse International

     12/16/15         205,927         (3,427
RUB     4,668,000      

Credit Suisse International

     12/16/15         68,587         (1,203
RUB     10,100,000      

JPMorgan Chase Bank N.A.

     12/16/15         149,585         (1,416
RUB     4,659,000      

JPMorgan Chase Bank N.A.

     12/16/15         68,515         (1,140
THB     11,520,000      

Citibank N.A.

     12/16/15         314,025         (2,516

 

MSF-246


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Forward Foreign Currency Exchange Contracts(Continued)

 

Contracts to Buy

    

Counterparty

   Settlement
Date
     In Exchange
for
     Unrealized
Appreciation/
(Depreciation)
 
TRY     1,090,000      

Bank of America N.A.

     12/16/15       $ 349,830       $ (2,188
UYU     9,147,000      

HSBC Bank USA

     12/02/15         307,783         3,340   
UYU     9,147,000      

HSBC Bank USA

     12/02/15         307,359         2,915   
UYU     8,611,000      

HSBC Bank USA

     12/02/15         289,445         2,842   
UYU     6,950,000      

Citibank N.A.

     12/16/15         233,928         4,138   
UYU     6,950,000      

Citibank N.A.

     12/16/15         234,007         4,217   
ZAR     6,948,000      

BNP Paribas S.A.

     12/17/15         494,403         (333
ZAR     10,593,000      

Citibank N.A.

     12/17/15         758,492         4,212   
ZAR     6,746,000      

Goldman Sachs International

     12/17/15         474,050         (6,302
ZAR     6,746,000      

JPMorgan Chase Bank N.A.

     12/17/15         479,170         (1,182
ZAR     3,050,000      

JPMorgan Chase Bank N.A.

     12/17/15         215,986         (1,191
             

 

 

 

Net Unrealized Depreciation

  

   $ (105,838
             

 

 

 

Futures Contracts

 

Futures Contracts—Long

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

S&P 500 E-Mini Index Futures

     12/18/15         48        USD         4,743,694      $ (162,814

U.S. Treasury Note 2 Year Futures

     12/31/15         125        USD         27,337,719        41,187   

U.S. Treasury Note 5 Year Futures

     12/31/15         978        USD         117,123,300        740,981   

U.S. Treasury Ultra Long Bond Futures

     12/21/15         199        USD         31,578,773        342,071   

Futures Contracts—Short

                         

U.S. Treasury Long Bond Futures

     12/21/15         (49     USD         (7,518,006     (191,837

U.S. Treasury Note 10 Year Futures

     12/21/15         (528     USD         (67,283,795     (687,955
            

 

 

 

Net Unrealized Appreciation

  

  $ 81,633   
            

 

 

 

Written Options

 

Credit Default
Swaptions

  Strike
Rate
  Counterparty      Reference
Obligation
  Buy/Sell
Protection
    Expiration
Date
    Notional
Amount
    Premiums
Received
    Market
Value
    Unrealized
Appreciation/
(Depreciation)
 

Call-5-Yr. CDS

  0.800%     Bank of America N.A.       CDX.NA.IG.24     Buy        10/21/15        USD        (40,625,000   $ (73,328   $ (16,107   $ 57,221   

Put-5-Yr. CDS

  0.800%     Bank of America N.A.       CDX.NA.IG.24     Sell        10/21/15        USD        (40,625,000     (113,750     (180,558     (66,808
                

 

 

   

 

 

   

 

 

 

Totals

  

  $ (187,078   $ (196,665   $ (9,587
                

 

 

   

 

 

   

 

 

 

Swap Agreements

OTC Interest Rate Swaps

 

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    1.810%   09/04/25    Bank of America N.A.      USD         13,235,000       $ (204,912   $       $ (204,912

Receive

   CPI-U    2.165%   09/22/25    Deutsche Bank AG      USD         1,095,000         (8,745             (8,745

Receive

   CPI-U    2.155%   09/22/25    Barclays Bank plc      USD         1,095,000         (8,258             (8,258

Receive

   CPI-U    1.820%   09/22/25    Bank of America N.A.      USD         10,320,000         (165,612             (165,612

Receive

   CPI-U    2.155%   09/22/25    Barclays Bank plc      USD         665,000         (32,365             (32,365
                   

 

 

   

 

 

    

 

 

 

Totals

  

   $ (419,892   $       $ (419,892
                   

 

 

   

 

 

    

 

 

 

 

MSF-247


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Centrally Cleared Interest Rate Swaps

 

 

Pay/Receive Floating Rate

   Floating
Rate Index
     Fixed
Rate
    Maturity
Date
     Notional
Amount
     Unrealized
Depreciation
 

Receive

     3M LIBOR         2.375     03/16/26         USD         5,800,000       $ (131,876
                

 

 

 

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

 

Reference Obligation

   Fixed Deal
(Pay) Rate
     Maturity
Date
     Implied Credit
Spread at
September 30,
2015 (b)
   Notional
Amount (c)
     Unrealized
Appreciation
 

CDX.NA.HY.24.V2

     (5.000%)         06/20/20       4.291%      USD         10,464,300       $ 212,001   

CDX.NA.IG.25.V1

     (1.000%)         12/20/20       0.928%      USD         24,095,000         7,074   

ITRAXX.EUROPE.23.V1

     (1.000%)         06/20/20       0.846%      EUR         2,131,000         12,487   

ITRAXX.XOVER.23.V1

     (5.000%)         06/20/20       3.841%      EUR         4,603,000         139,633   
                 

 

 

 

Net Unrealized Appreciation

  

   $ 371,195   
                 

 

 

 

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,
2015 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Paid
    Unrealized
Appreciation
 

Federative Republic of Brazil 12.250%, due 03/06/30

    (1.000%)        09/20/20     

Goldman Sachs International

    4.734%        USD        815,000      $ 129,388      $ 99,155      $ 30,233   
             

 

 

   

 

 

   

 

 

 

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

 

Reference Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
    Counterparty   Implied Credit
Spread at
September 30,
2015 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
(Received)
    Unrealized
Appreciation
 

Russian Federation
7.500%, due 03/31/30

    1.000%        09/20/20      Barclays Bank plc     3.428%        USD        455,000      $ (48,947)      $ (53,347)      $ 4,400   

Russian Federation
7.500%, due 03/31/30

    1.000%        09/20/20      Barclays Bank plc     3.428%        USD        460,000        (49,485)        (50,520)        1,035   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (98,432)      $ (103,867)      $ 5,435   
             

 

 

   

 

 

   

 

 

 

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,
2015 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

ABX.HE.AAA.6-1

    (0.180 %)      07/25/45      JPMorgan Chase Bank N.A.     0.000     USD        67,516      $ 1,317      $ 1,699      $ (382

ABX.HE.AAA.6-1

    (0.180 %)      07/25/45      JPMorgan Chase Bank N.A.     0.000     USD        20,953        409               409   

ABX.HE.AAA.6-2

    (0.110 %)      05/25/46      Barclays Bank plc     0.000     USD        470,590        87,059        94,298        (7,239

ABX.HE.AAA.6-2

    (0.110 %)      05/25/46      Credit Suisse International     0.000     USD        849,676        157,190        174,186        (16,996

ABX.HE.AAA.6-2

    (0.110 %)      05/25/46      JPMorgan Chase Bank N.A.     0.000     USD        2,248,372        415,949        461,977        (46,028

ABX.HE.AAA.7-1

    (0.090 %)      08/25/37      JPMorgan Chase Bank N.A.     0.000     USD        375,521        77,921        95,759        (17,838

ABX.HE.AAA.7-1

    (0.090 %)      08/25/37      JPMorgan Chase Bank N.A.     0.000     USD        162,067        33,629        41,328        (7,699

ABX.HE.AAA.7-1

    (0.090 %)      08/25/37      JPMorgan Chase Bank N.A.     0.000     USD        110,680        22,966        28,777        (5,811

ABX.HE.PEN.AAA.
6-2

    (0.110 %)      05/25/46      JPMorgan Chase Bank N.A.     0.000     USD        412,287        49,475        57,786        (8,311

CDX.EM.23

    (1.000 %)      06/20/20      Barclays Bank plc     3.943     USD        3,008,000        365,770        324,864        40,906   

CDX.EM.23

    (1.000 %)      06/20/20      Barclays Bank plc     3.943     USD        2,842,000        345,585        310,489        35,096   

CDX.EM.23

    (1.000 %)      06/20/20      Goldman Sachs International     3.943     USD        13,635,000        1,658,003        1,758,915        (100,912

 

MSF-248


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

OTC Credit Default Swaps on Credit Indices—Buy Protection (a)—(Continued)

 

Reference
Obligation

  Fixed Deal
(Pay) Rate
    Maturity
Date
    Counterparty   Implied Credit
Spread at
September 30,
2015 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CDX.EM.23

    (1.000 %)      06/20/20      Goldman Sachs International     3.943     USD        3,230,000      $ 392,765      $ 310,080      $ 82,685   

CMBX.NA.A.7

    (2.000 %)      01/17/47      Barclays Bank plc     0.000     USD        130,000        5,429        (757     6,186   

CMBX.NA.A.7

    (2.000 %)      01/17/47      JPMorgan Chase Bank N.A.     0.000     USD        480,000        20,045        (10,238     30,283   

CMBX.NA.AA.2

    (0.150 %)      03/15/49      Credit Suisse International     0.000     USD        1,530,315        500,222        457,452        42,770   

CMBX.NA.AA.2

    (0.150 %)      03/15/49      Goldman Sachs International     0.000     USD        586,847        191,826        188,527        3,299   

CMBX.NA.AA.2

    (0.150 %)      03/15/49      Goldman Sachs International     0.000     USD        126,398        41,316        45,331        (4,015

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Bank of America N.A.     0.000     USD        115,000        3,406        (1,302     4,708   

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Credit Suisse International     0.000     USD        920,000        27,245        (4,790     32,035   

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Credit Suisse International     0.000     USD        405,000        11,994        (3,797     15,791   

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Credit Suisse International     0.000     USD        400,000        11,845        1,649        10,196   

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Credit Suisse International     0.000     USD        385,000        11,402        1,853        9,549   

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Credit Suisse International     0.000     USD        385,000        11,401        2,154        9,247   

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Credit Suisse International     0.000     USD        370,000        10,957        (3,280     14,237   

CMBX.NA.AA.7

    (1.500 %)      01/17/47      Credit Suisse International     0.000     USD        320,000        9,477        (3,623     13,100   

CMBX.NA.AJ.1

    (0.840 %)      10/12/52      Bank of America N.A.     0.000     USD        207,842        1,384        3,382        (1,998

CMBX.NA.AJ.1

    (0.840 %)      10/12/52      Credit Suisse International     0.000     USD        527,029        3,509        16,643        (13,134

CMBX.NA.AJ.2

    (1.090 %)      03/15/49      Credit Suisse International     0.000     USD        1,326,673        119,953        101,173        18,780   

CMBX.NA.AJ.2

    (1.090 %)      03/15/49      Credit Suisse International     0.000     USD        554,430        50,130        41,573        8,557   

CMBX.NA.AJ.2

    (1.090 %)      03/15/49      Deutsche Bank AG     0.000     USD        212,862        19,246        16,232        3,014   

CMBX.NA.AJ.2

    (1.090 %)      03/15/49      Goldman Sachs International     0.000     USD        262,364        23,722        22,595        1,127   

CMBX.NA.AJ.3

    (1.470 %)      12/13/49      Credit Suisse International     0.000     USD        339,858        68,957        66,284        2,673   

CMBX.NA.AJ.3

    (1.470 %)      12/13/49      Goldman Sachs International     0.000     USD        443,293        89,944        83,687        6,257   

CMBX.NA.AJ.3

    (1.470 %)      12/13/49      Goldman Sachs International     0.000     USD        275,827        55,966        53,796        2,170   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Bank of America N.A.     0.000     USD        677,013        135,826        120,070        15,756   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Credit Suisse International     0.000     USD        741,254        148,714        150,943        (2,229

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Credit Suisse International     0.000     USD        578,180        115,997        111,289        4,708   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Credit Suisse International     0.000     USD        459,578        92,203        86,749        5,454   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Credit Suisse International     0.000     USD        415,103        83,280        83,019        261   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Credit Suisse International     0.000     USD        360,744        72,375        61,781        10,594   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Credit Suisse International     0.000     USD        4,941        991        882        109   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Credit Suisse International     0.000     USD        8        2               2   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Deutsche Bank AG     0.000     USD        345,919        69,400        60,106        9,294   

CMBX.NA.AJ.4

    (0.960 %)      02/17/51      Morgan Stanley & Co. International plc     0.000     USD        1,265,076        253,806        233,655        20,151   

CMBX.NA.AM.2

    (0.500 %)      03/15/49      Credit Suisse International     0.000     USD        2,840,000        6,816        41,095        (34,279

CMBX.NA.AM.2

    (0.500 %)      03/15/49      Morgan Stanley & Co. International plc     0.000     USD        1,120,000        2,688        5,616        (2,928

CMBX.NA.AM.4

    (0.500 %)      02/17/51      Credit Suisse International     0.000     USD        435,000        8,156        23,564        (15,408

CMBX.NA.AM.4

    (0.500 %)      02/17/51      Goldman Sachs International     0.000     USD        160,000        3,000        3,677        (677

CMBX.NA.AS.6

    (1.000 %)      05/11/63      Credit Suisse International     0.000     USD        1,080,000        19,904        11,647        8,257   

CMBX.NA.AS.6

    (1.000 %)      05/11/63      Credit Suisse International     0.000     USD        415,000        7,648        (827     8,475   

CMBX.NA.AS.7

    (1.000 %)      01/17/47      Credit Suisse International     0.000     USD        535,000        15,336        8,498        6,838   

CMBX.NA.AS.7

    (1.000 %)      01/17/47      Credit Suisse International     0.000     USD        485,000        13,641        11,679        1,962   

CMBX.NA.AS.7

    (1.000 %)      01/17/47      Credit Suisse International     0.000     USD        210,000        6,020        1,123        4,897   

CMBX.NA.AS.7

    (1.000 %)      01/17/47      Credit Suisse International     0.000     USD        140,000        4,013        2,463        1,550   

CMBX.NA.AS.7

    (1.000 %)      01/17/47      Credit Suisse International     0.000     USD        50,000        1,433        456        977   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ 5,958,663      $ 5,752,187      $ 206,476   
             

 

 

   

 

 

   

 

 

 

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,
2015 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.A.2

    0.250     03/15/49      Bank of America N.A.     0.000     USD        15,799      $ (9,756   $ (10,022   $ 266   

CMBX.NA.A.2

    0.250     03/15/49      Bank of America N.A.     0.000     USD        150,094        (92,684     (94,745     2,061   

CMBX.NA.A.2

    0.250     03/15/49      Bank of America N.A.     0.000     USD        268,589        (165,854     (156,668     (9,186

 

MSF-249


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

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

 

Reference

Obligation

  Fixed Deal
Receive Rate
    Maturity
Date
    Counterparty   Implied Credit
Spread at
September 30,
2015 (b)
    Notional
Amount (c)
    Market
Value
    Upfront
Premium
Paid/
(Received)
    Unrealized
Appreciation/
(Depreciation)
 

CMBX.NA.A.2

    0.250     03/15/49      Goldman Sachs International     0.000     USD        110,596      $ (68,293   $ (69,674   $ 1,381   

CMBX.NA.A.2

    0.250     03/15/49      Morgan Stanley & Co. International plc     0.000     USD        102,696        (63,414     (65,210     1,796   

CMBX.NA.A.2

    0.250     03/15/49      Morgan Stanley & Co. International plc     0.000     USD        110,596        (68,293     (69,812     1,519   

CMBX.NA.A.2

    0.250     03/15/49      Morgan Stanley & Co. International plc     0.000     USD        221,191        (136,585     (139,485     2,900   

CMBX.NA.A.6.

    2.000     05/11/63      Goldman Sachs International     0.000     USD        365,000        (8,780     4,765        (13,545

CMBX.NA.A.8

    2.000     10/17/57      Bank of America N.A.     0.000     USD        355,000        (24,012     (4,035     (19,977

CMBX.NA.A.8

    2.000     10/17/57      Credit Suisse International     0.000     USD        100,000        (6,765     (3,398     (3,367

CMBX.NA.A.8

    2.000     10/17/57      Credit Suisse International     0.000     USD        370,000        (25,027     (3,704     (21,323

CMBX.NA.AAA.6

    0.500     05/11/63      Credit Suisse International     0.000     USD        370,000        (10,717     (7,421     (3,296

CMBX.NA.AAA.6

    0.500     05/11/63      Credit Suisse International     0.000     USD        505,000        (14,627     (10,041     (4,586

CMBX.NA.AAA.6

    0.500     05/11/63      Credit Suisse International     0.000     USD        6,970,000        (201,883     (146,772     (55,111

CMBX.NA.AAA.6

    0.500     05/11/63      Goldman Sachs International     0.000     USD        3,620,000        (104,852     (43,346     (61,506

CMBX.NA.AAA.7

    0.500     01/17/47      Bank of America N.A.     0.000     USD        755,000        (31,357     (18,821     (12,536

CMBX.NA.AAA.7

    0.500     01/17/47      Credit Suisse International     0.000     USD        300,000        (12,459     (7,836     (4,623

CMBX.NA.AAA.7

    0.500     01/17/47      Credit Suisse International     0.000     USD        450,000        (18,689     (12,888     (5,801

CMBX.NA.AAA.8

    0.500     10/17/57      Barclays Bank plc     0.000     USD        135,000        (7,553     (6,321     (1,232

CMBX.NA.AAA.8

    0.500     10/17/57      Barclays Bank plc     0.000     USD        585,000        (32,730     (26,123     (6,607

CMBX.NA.AAA.8

    0.500     10/17/57      Credit Suisse International     0.000     USD        670,000        (37,485     (30,818     (6,667

CMBX.NA.AAA.8

    0.500     10/17/57      Credit Suisse International     0.000     USD        785,000        (43,919     (34,828     (9,091

CMBX.NA.AAA.8

    0.500     10/17/57      Credit Suisse International     0.000     USD        1,040,000        (58,187     (37,190     (20,997

CMBX.NA.AAA.8

    0.500     10/17/57      Goldman Sachs International     0.000     USD        375,000        (20,981     (21,048     67   

CMBX.NA.AAA.8

    0.500     10/17/57      Morgan Stanley & Co. International plc     0.000     USD        65,000        (3,637     (3,037     (600

CMBX.NA.AAA.8

    0.500     10/17/57      Morgan Stanley & Co. International plc     0.000     USD        360,000        (20,141     (16,765     (3,376

CMBX.NA.AAA.8

    0.500     10/17/57      Morgan Stanley & Co. International plc     0.000     USD        710,000        (39,724     (29,556     (10,168

CMBX.NA.BB.6

    5.000     05/11/63      Barclays Bank plc     0.000     USD        285,000        (10,090     3,145        (13,235

CMBX.NA.BB.6

    5.000     05/11/63      Credit Suisse International     0.000     USD        725,000        (25,668     9,342        (35,010

CMBX.NA.BB.6

    5.000     05/11/63      Credit Suisse International     0.000     USD        815,000        (28,854     13,988        (42,842

CMBX.NA.BB.6

    5.000     05/11/63      Credit Suisse International     0.000     USD        900,000        (31,863     21,976        (53,839

CMBX.NA.BB.6

    5.000     05/11/63      Credit Suisse International     0.000     USD        1,342,000        (47,513     (13,934     (33,579

CMBX.NA.BB.7

    5.000     01/17/47      Bank of America N.A.     0.000     USD        150,000        (8,041     (707     (7,334

CMBX.NA.BB.7

    5.000     01/17/47      Credit Suisse International     0.000     USD        1,465,000        (78,533     (53,594     (24,939

CMBX.NA.BB.8

    5.000     10/17/57      Bank of America N.A.     0.000     USD        335,000        (37,269     (24,355     (12,914

CMBX.NA.BB.8

    5.000     10/17/57      Barclays Bank plc     0.000     USD        345,000        (38,381     (18,843     (19,538

CMBX.NA.BB.8

    5.000     10/17/57      Barclays Bank plc     0.000     USD        380,000        (42,274     (23,613     (18,661

CMBX.NA.BB.8

    5.000     10/17/57      Credit Suisse International     0.000     USD        100,000        (11,125     (7,694     (3,431

CMBX.NA.BB.8

    5.000     10/17/57      Credit Suisse International     0.000     USD        115,000        (12,794     (7,326     (5,468

CMBX.NA.BB.8

    5.000     10/17/57      Credit Suisse International     0.000     USD        115,000        (12,794     (8,428     (4,366

CMBX.NA.BB.8

    5.000     10/17/57      Credit Suisse International     0.000     USD        140,000        (15,575     (10,509     (5,066

CMBX.NA.BB.8

    5.000     10/17/57      Credit Suisse International     0.000     USD        275,000        (30,594     (25,852     (4,742

CMBX.NA.BB.8

    5.000     10/17/57      Credit Suisse International     0.000     USD        280,000        (31,150     (23,907     (7,243

CMBX.NA.BB.8

    5.000     10/17/57      Goldman Sachs International     0.000     USD        115,000        (12,793     (6,075     (6,718

CMBX.NA.BB.8

    5.000     10/17/57      Goldman Sachs International     0.000     USD        225,000        (25,031     (12,055     (12,976

CMBX.NA.BB.8

    5.000     10/17/57      Goldman Sachs International     0.000     USD        230,000        (25,588     (24,052     (1,536

CMBX.NA.BB.8

    5.000     10/17/57      JPMorgan Chase Bank N.A.     0.000     USD        140,000        (15,575     (10,509     (5,066

CMBX.NA.BBB-.8

    3.000     10/17/57      Credit Suisse International     0.000     USD        120,000        (12,623     (8,418     (4,205

CMBX.NA.BBB-.8

    3.000     10/17/57      Credit Suisse International     0.000     USD        390,000        (41,024     (21,016     (20,008

PRIMEX.ARM.2

    4.580     12/25/37      JPMorgan Chase Bank N.A.     0.000     USD        707,868        26,545        21,257        5,288   
             

 

 

   

 

 

   

 

 

 

Totals

  

  $ (1,897,011   $ (1,295,978   $ (601,033
             

 

 

   

 

 

   

 

 

 

Securities in the amount of $2,546,376 have been received at the custodian bank as collateral for OTC 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-250


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Schedule of Investments as of September 30, 2015 (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.

 

(BRL)— Brazilian Real
(CNY)— Chinese Yuan
(COP)— Colombian Peso
(CRC)— Costa Rican Colon
(CZK)— Czech Koruna
(EUR)— Euro
(GBP)— British Pound
(HKD)— Hong Kong Dollar
(HUF)— Hungarian Forint
(IDR)— Indonesian Rupiah
(INR)— Indian Rupee
(KES)— Kenyan Shilling
(MXN)— Mexican Peso
(MYR)— Malaysian Ringgit
(NGN)— Nigerian Naira
(PLN)— Polish Zloty
(RON)— New Romanian Leu
(RSD)— Serbian Dinar
(RUB)— Russian Ruble
(THB)— Thai Baht
(TRY)— Turkish Lira
(USD)— United States Dollar
(UYU)— Uruguayan Peso
(ZAR)— South African Rand
(ABX.HE)— Markit Asset-Backed Home Equity Index
(CMBX)— Commercial Mortgage-Backed Index
(CDS)— Credit Default Swap
(CDX.EM)— Markit Emerging Markets Index
(CDX.NA.HY)— Markit North America High Yield CDS Index
(CDX.NA.IG)— Markit North America Investment Grade CDS Index
(CMBX.NA.A)— Markit North America A Rated CMBS Index
(CMBX.NA.AA)— Markit North America AA Rated CMBS Index
(CMBX.NA.AAA)— Markit North America AAA Rated CMBS Index
(CMBX.NA.AJ)— Markit North America Junior AAA Rated CMBS Index
(CMBX.NA.AM)— Markit North America Mezzanine AAA Rated CMBS Index
(CMBX.NA.AS)— Markit North America Junior AAA Rated CMBS Index
(CMBX.NA.BB)— Markit North America BB Rated CMBS Index
(CMBX.NA.BBB-)— Markit North America BBB- Rated CMBS Index
(CPI-U)— USA Non-Revised Consumer Price Index-Urban
(IRS)— Interest Rate Swap
(ITRAXX.EUROPE)— Markit iTraxx Europe Index
(ITRAXX.XOVER)— Markit iTraxx Crossover Index
(LIBOR)— London Interbank Offered Rate
(PRIMEX.ARM)— Markit PrimeX Adjustable Rate Mortgage Index

 

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.

 

MSF-251


Table of Contents

Metropolitan Series Fund

WMC Balanced Portfolio

Fair Value Hierarchy—(Continued)

 

The following table summarizes the fair value hierarchy of the Portfolio’s investments as of September 30, 2015:

 

Description    Level 1     Level 2     Level 3      Total  

Total Common Stocks*

   $ 715,424,757      $ —        $ —         $ 715,424,757   

Total U.S. Treasury & Government Agencies*

     —          236,731,227        —           236,731,227   

Total Corporate Bonds & Notes*

     —          178,309,651        —           178,309,651   

Total Mortgage-Backed Securities*

     —          89,149,884        —           89,149,884   

Total Asset-Backed Securities*

     —          83,895,410        —           83,895,410   

Total Floating Rate Loans (Less Unfunded Loan Commitments)*

     —          30,453,388        —           30,453,388   

Total Foreign Government*

     —          13,661,508        —           13,661,508   

Total Municipals

     —          5,096,462        —           5,096,462   

Total Purchased Options*

     —          18,519        —           18,519   
Short-Term Investments          

Commercial Paper

     —          8,400,000        —           8,400,000   

Mutual Fund

     63,061,926        —          —           63,061,926   

Repurchase Agreement

     —          9,541,566        —           9,541,566   

Total Short-Term Investments

     63,061,926        17,941,566        —           81,003,492   

Total Net Investments

   $ 778,486,683      $ 655,257,615      $ —         $ 1,433,744,298   
                                   

Collateral for Securities Loaned (Liability)

   $ —        $ (63,061,926   $ —         $ (63,061,926

TBA Forward Sales Commitments

   $ —        $ (27,021,780   $ —         $ (27,021,780
Forward Contracts          

Forward Foreign Currency Exchange Contracts (Unrealized Appreciation)

   $ —        $ 309,657      $ —         $ 309,657   

Forward Foreign Currency Exchange Contracts (Unrealized Depreciation)

     —          (415,495     —           (415,495

Total Forward Contracts

   $ —        $ (105,838   $ —         $ (105,838
Futures Contracts          

Futures Contracts (Unrealized Appreciation)

   $ 1,124,239      $ —        $ —         $ 1,124,239   

Futures Contracts (Unrealized Depreciation)

     (1,042,606     —          —           (1,042,606

Total Futures Contracts

   $ 81,633      $ —        $ —         $ 81,633   

Written Options at Value

   $ —        $ (196,665   $ —         $ (196,665
Centrally Cleared Swap Contracts          

Centrally Cleared Swap Contracts (Unrealized Appreciation)

   $ —        $ 371,195      $ —         $ 371,195   

Centrally Cleared Swap Contracts (Unrealized Depreciation)

     —          (131,876     —           (131,876

Total Centrally Cleared Swap Contracts

   $ —        $ 239,319      $ —         $ 239,319   
OTC Swap Contracts          

OTC Swap Contracts at Value (Assets)

   $ —        $ 6,114,596      $ —         $ 6,114,596   

OTC Swap Contracts at Value (Liabilities)

     —          (2,441,880     —           (2,441,880

Total OTC Swap Contracts

   $ —        $ 3,672,716      $ —         $ 3,672,716   

 

* See Schedule of Investments for additional detailed categorizations.

 

MSF-252


Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Common Stocks—97.8% of Net Assets

 

Security Description   Shares     Value  

Aerospace & Defense—10.7%

   

General Dynamics Corp.

    314,400      $ 43,371,480   

Honeywell International, Inc.

    990,080        93,750,675   

Lockheed Martin Corp.

    430,930        89,336,098   

Northrop Grumman Corp.

    378,410        62,797,140   

United Technologies Corp.

    966,303        85,991,304   
   

 

 

 
      375,246,697   
   

 

 

 

Air Freight & Logistics—3.3%

   

United Parcel Service, Inc. - Class B

    1,167,798        115,249,985   
   

 

 

 

Banks—3.9%

   

PNC Financial Services Group, Inc. (The)

    771,312        68,801,030   

Wells Fargo & Co.

    1,312,102        67,376,438   
   

 

 

 
      136,177,468   
   

 

 

 

Beverages—5.5%

   

Anheuser-Busch InBev S.A.

    310,202        32,947,818   

Coca-Cola Co. (The)

    2,361,061        94,725,767   

Diageo plc

    2,412,694        64,926,743   
   

 

 

 
      192,600,328   
   

 

 

 

Biotechnology—1.6%

   

Amgen, Inc.

    403,571        55,821,941   
   

 

 

 

Capital Markets—1.7%

   

BlackRock, Inc.

    195,766        58,234,512   
   

 

 

 

Chemicals—4.3%

   

Ecolab, Inc. (a)

    577,848        63,401,482   

Praxair, Inc.

    844,510        86,021,789   
   

 

 

 
      149,423,271   
   

 

 

 

Consumer Finance—1.2%

   

American Express Co.

    573,237        42,494,059   
   

 

 

 

Energy Equipment & Services—1.9%

   

Schlumberger, Ltd.

    953,448        65,759,308   
   

 

 

 

Food & Staples Retailing—6.9%

   

Costco Wholesale Corp.

    509,326        73,633,260   

CVS Health Corp.

    587,034        56,637,040   

Wal-Mart Stores, Inc.

    809,908        52,514,435   

Walgreens Boots Alliance, Inc.

    709,671        58,973,660   
   

 

 

 
      241,758,395   
   

 

 

 

Health Care Equipment & Supplies—2.2%

   

Medtronic plc

    1,153,852        77,238,853   
   

 

 

 

Health Care Providers & Services—5.1%

   

Cardinal Health, Inc. (a)

    1,061,881        81,573,698   

UnitedHealth Group, Inc.

    833,706        96,718,233   
   

 

 

 
      178,291,931   
   

 

 

 

Hotels, Restaurants & Leisure—2.3%

   

McDonald’s Corp.

    825,617        81,348,043   
   

 

 

 

Household Products—4.1%

   

Colgate-Palmolive Co.

    1,409,925      89,473,841   

Procter & Gamble Co. (The)

    749,129        53,892,340   
   

 

 

 
      143,366,181   
   

 

 

 

Insurance—6.3%

   

ACE, Ltd. (a)

    943,968        97,606,291   

Chubb Corp. (The)

    364,593        44,717,332   

Marsh & McLennan Cos., Inc.

    1,484,491        77,520,120   
   

 

 

 
      219,843,743   
   

 

 

 

IT Services—5.2%

   

Accenture plc - Class A

    946,798        93,032,372   

Automatic Data Processing, Inc.

    1,092,518        87,794,746   
   

 

 

 
      180,827,118   
   

 

 

 

Media—1.5%

   

Walt Disney Co. (The)

    524,433        53,597,053   
   

 

 

 

Oil, Gas & Consumable Fuels—5.0%

   

Chevron Corp.

    1,152,230        90,887,902   

Exxon Mobil Corp.

    1,127,172        83,805,238   
   

 

 

 
      174,693,140   
   

 

 

 

Pharmaceuticals—6.7%

   

Johnson & Johnson

    927,716        86,602,289   

Merck & Co., Inc.

    1,600,543        79,050,819   

Roche Holding AG

    261,026        69,003,269   
   

 

 

 
      234,656,377   
   

 

 

 

Real Estate Investment Trusts—1.4%

   

Public Storage

    228,713        48,402,532   
   

 

 

 

Road & Rail—4.1%

   

Canadian National Railway Co.

    1,440,260        81,785,614   

Union Pacific Corp.

    697,814        61,693,736   
   

 

 

 
      143,479,350   
   

 

 

 

Software—5.6%

   

Microsoft Corp.

    2,441,887        108,077,919   

Oracle Corp.

    2,428,104        87,703,116   
   

 

 

 
      195,781,035   
   

 

 

 

Specialty Retail—4.6%

   

Lowe’s Cos., Inc.

    901,408        62,125,039   

TJX Cos., Inc. (The)

    1,375,369        98,228,854   
   

 

 

 
      160,353,893   
   

 

 

 

Textiles, Apparel & Luxury Goods—2.7%

   

NIKE, Inc. - Class B

    777,712        95,635,245   
   

 

 

 

Total Common Stocks
(Cost $3,242,891,794)

      3,420,280,458   
   

 

 

 

 

MSF-253


Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (Unaudited)

Escrow Shares—0.0%

 

Security Description   Shares/
Principal
Amount*
    Value  

Forest Products & Paper—0.0%

   

Sino-Forest Corp. (b)
(Cost $0)

    5,844,000      $ 0   
   

 

 

 
Short-Term Investments—4.3%   

Mutual Fund—2.2%

   

State Street Navigator Securities Lending MET Portfolio (c)

    77,494,149        77,494,149   
   

 

 

 

Repurchase Agreement—2.1%

   

Fixed Income Clearing Corp.
Repurchase Agreement dated 09/30/15 at 0.000% to be repurchased at $73,181,082 on 10/01/15, collateralized by $73,365,000 U.S. Treasury Note at 1.500% due 12/31/18 with a value of $74,648,888.

    73,181,082        73,181,082   
   

 

 

 

Total Short-Term Investments
(Cost $150,675,231)

      150,675,231   
   

 

 

 

Total Investments— 102.1%
(Cost $3,393,567,025) (d)

      3,570,955,689   

Other assets and liabilities (net)—(2.1)%

      (74,568,048
   

 

 

 
Net Assets—100.0%     $ 3,496,387,641   
   

 

 

 

 

* 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, 2015, the market value of securities loaned was $76,952,867 and the collateral received consisted of cash in the amount of $77,494,149. The cash collateral is invested in a money market fund managed by an affiliate of the custodian.
(b) Security was valued in good faith under procedures approved by the Board of Trustees. As of September 30, 2015, these securities represent less than 0.05% of net assets.
(c) Represents investment of cash collateral received from securities on loan as of September 30, 2015.
(d) As of September 30, 2015, the aggregate cost of investments was $3,393,567,025. The aggregate unrealized appreciation and depreciation of investments were $360,930,245 and $(183,541,581), respectively, resulting in net unrealized appreciation of $177,388,664.

 

MSF-254


Table of Contents

Metropolitan Series Fund

WMC Core Equity Opportunities Portfolio

Schedule of Investments as of September 30, 2015 (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, 2015:

 

Description    Level 1      Level 2     Level 3      Total  
Common Stocks           

Aerospace & Defense

   $ 375,246,697       $ —        $ —         $ 375,246,697   

Air Freight & Logistics

     115,249,985         —          —           115,249,985   

Banks

     136,177,468         —          —           136,177,468   

Beverages

     94,725,767         97,874,561        —           192,600,328   

Biotechnology

     55,821,941         —          —           55,821,941   

Capital Markets

     58,234,512         —          —           58,234,512   

Chemicals

     149,423,271         —          —           149,423,271   

Consumer Finance

     42,494,059         —          —           42,494,059   

Energy Equipment & Services

     65,759,308         —          —           65,759,308   

Food & Staples Retailing

     241,758,395         —          —           241,758,395   

Health Care Equipment & Supplies

     77,238,853         —          —           77,238,853   

Health Care Providers & Services

     178,291,931         —          —           178,291,931   

Hotels, Restaurants & Leisure

     81,348,043         —          —           81,348,043   

Household Products

     143,366,181         —          —           143,366,181   

Insurance

     219,843,743         —          —           219,843,743   

IT Services

     180,827,118         —          —           180,827,118   

Media

     53,597,053         —          —           53,597,053   

Oil, Gas & Consumable Fuels

     174,693,140         —          —           174,693,140   

Pharmaceuticals

     165,653,108         69,003,269        —           234,656,377   

Real Estate Investment Trusts

     48,402,532         —          —           48,402,532   

Road & Rail

     143,479,350         —          —           143,479,350   

Software

     195,781,035         —          —           195,781,035   

Specialty Retail

     160,353,893         —          —           160,353,893   

Textiles, Apparel & Luxury Goods

     95,635,245         —          —           95,635,245   

Total Common Stocks

     3,253,402,628         166,877,830        —           3,420,280,458   

Total Escrow Shares*

     —           —          0         0   
Short-Term Investments           

Mutual Fund

     77,494,149         —          —           77,494,149   

Repurchase Agreement

     —           73,181,082        —           73,181,082   

Total Short-Term Investments

     77,494,149         73,181,082        —           150,675,231   

Total Investments

   $ 3,330,896,777       $ 240,058,912      $ 0       $ 3,570,955,689   
                                    

Collateral for Securities Loaned (Liability)

   $ —         $ (77,494,149   $ —         $ (77,494,149

 

* See Schedule of Investments for additional detailed categorizations.

As of September 30, 2015, the security designated as Level 3 was fair valued using significant unobservable inputs under procedures adopted by the Board. Such valuations were based on a review of inputs such as, but not limited to, similar securities, company specific financial information, and company specific news. For this security there was no change in the valuation techniques used since the December 31, 2014 annual report. The Level 3 security comprised 0.0% of net assets of the Portfolio. As such, the Level 3 roll forward and change in unrealized appreciation (depreciation) of the Level 3 security held at September 30, 2015 have not been presented.

 

MSF-255


Table of Contents

Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements:

 

Debt securities, including corporate, convertible and municipal bonds and notes; obligations of the U.S. treasury and U.S. government agencies; sovereign issues; 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 (the “Adviser”), an affiliate of MetLife, Inc., pursuant to authorization of and subject to general oversight by 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. Floating rate loans are valued at the average of aggregate bid and ask quotations supplied by brokers or dealers in the loans, as obtained from an independent pricing service. 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 and subject to general oversight by 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 last reported bid price. These types of options are categorized as Level 1 within the fair value hierarchy. Futures contracts that 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, including swaptions, and futures contracts that are traded over-the-counter (“OTC”) are generally valued on the basis of quotations provided by broker-dealers 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 observable data, including the underlying reference securities or indices, credit spread quotations and expected default recovery rates determined by the pricing service. These contracts are generally categorized as Level 2 within the fair value hierarchy.

 

MSF-256


Table of Contents

Metropolitan Series Fund

Notes to the Schedule of Investments

Investment Valuation and Fair Value Measurements—(Continued)

 

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 within the fair value hierarchy. Centrally cleared interest rate swaps are valued using a pricing model 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 within 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 will be assisted in its responsibility to determine the fair value of a security by the Valuation Committee (“Committee”) of the Adviser. 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, a discounted cash flow analysis, 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 Portfolio’s securities as of the most recent quarter-end for which market quotations were not readily available. Fair-valued securities are categorized as Level 3 within the fair value hierarchy.

For information regarding a Portfolio’s other significant accounting policies, please refer to the Portfolio’s most recent Semiannual or Annual Report.

 

MSF-257


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 20, 2015

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 20, 2015

 

By:   /s/ Peter H. Duffy
  Peter H. Duffy
  Chief Financial Officer and Treasurer

Date: November 20, 2015