MML Conservative Allocation Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 41.2%          
MML Blue Chip Growth Fund, Initial Class (a)   585,345   $11,156,681 
MML Equity Income Fund, Initial Class (a)   845,023    8,796,688 
MML Focused Equity Fund, Class II (a)   1,984,846    15,481,797 
MML Foreign Fund, Initial Class (a)   439,865    4,552,604 
MML Fundamental Equity Fund, Class II (a)   647,123    7,338,373 
MML Fundamental Value Fund, Class II (a)   714,747    9,191,652 
MML Global Fund, Class I (a)   1,230,987    5,477,893 
MML Income & Growth Fund, Initial Class (a)   373,656    3,773,923 
MML International Equity Fund, Class II (a)   1,265,835    14,114,056 
MML Large Cap Growth Fund, Initial Class (a)   547,775    8,621,982 
MML Mid Cap Growth Fund, Initial Class (a)   577,140    6,481,286 
MML Mid Cap Value Fund, Initial Class (a)   590,045    4,932,775 
MML Small Cap Growth Equity Fund, Initial Class (a)   129,527    1,423,417 
MML Small Company Value Fund, Class II (a)   292,271    2,636,289 
MML Small/Mid Cap Value Fund, Initial Class (a)   170,372    1,569,128 
MML Strategic Emerging Markets Fund, Class II (a)   362,543    2,066,495 
         107,615,039 
Fixed Income Funds — 58.9%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   1,174,927    5,334,171 
MML Dynamic Bond Fund, Class II (a)   3,683,049    31,048,102 
MML High Yield Fund, Class II (a)   86,443    763,291 
MML Inflation-Protected and Income Fund, Initial Class (a)   688,349    6,057,469 
MML Managed Bond Fund, Initial Class (a)   4,508,731    49,754,411 
MML Short-Duration Bond Fund, Class II (a)   1,531,991    13,895,159 
MML Total Return Bond Fund, Class II (a)   4,775,289    43,407,375 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   443,066    3,553,391 
         153,813,369 
           
TOTAL MUTUAL FUNDS
(Cost $271,492,349)
        261,428,408 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $271,492,349)
        261,428,408 
           
TOTAL INVESTMENTS — 100.1%
(Cost $271,492,349) (c)
        261,428,408 
           
Other Assets/(Liabilities) — (0.1)%        (233,882) 
           
NET ASSETS — 100.0%       $261,194,526 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) Non-income producing security.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Balanced Allocation Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 51.3%          
MML Blue Chip Growth Fund, Initial Class (a)   878,219   $16,738,848 
MML Equity Income Fund, Initial Class (a)   1,284,305    13,369,612 
MML Focused Equity Fund, Class II (a)   3,015,610    23,521,755 
MML Foreign Fund, Initial Class (a)   661,055    6,841,923 
MML Fundamental Equity Fund, Class II (a)   971,432    11,016,034 
MML Fundamental Value Fund, Class II (a)   1,067,629    13,729,706 
MML Global Fund, Class I (a)   1,853,193    8,246,711 
MML Income & Growth Fund, Initial Class (a)   573,532    5,792,674 
MML International Equity Fund, Class II (a)   1,875,672    20,913,741 
MML Large Cap Growth Fund, Initial Class (a)   825,247    12,989,382 
MML Mid Cap Growth Fund, Initial Class (a)   858,428    9,640,144 
MML Mid Cap Value Fund, Initial Class (a)   887,767    7,421,736 
MML Small Cap Growth Equity Fund, Initial Class (a)   193,726    2,128,915 
MML Small Company Value Fund, Class II (a)   438,260    3,953,108 
MML Small/Mid Cap Value Fund, Initial Class (a)   253,195    2,331,921 
MML Strategic Emerging Markets Fund, Class II (a)   544,754    3,105,099 
         161,741,309 
Fixed Income Funds — 48.8%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   1,175,899    5,338,580 
MML Dynamic Bond Fund, Class II (a)   3,689,157    31,099,594 
MML High Yield Fund, Class II (a)   86,514    763,915 
MML Inflation-Protected and Income Fund, Initial Class (a)   688,919    6,062,489 
MML Managed Bond Fund, Initial Class (a)   4,502,983    49,690,986 
MML Short-Duration Bond Fund, Class II (a)   1,533,229    13,906,391 
MML Total Return Bond Fund, Class II (a)   4,775,178    43,406,365 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   477,989    3,833,468 
         154,101,788 
           
TOTAL MUTUAL FUNDS
(Cost $323,886,604)
        315,843,097 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $323,886,604)
        315,843,097 
           
TOTAL INVESTMENTS — 100.1%
(Cost $323,886,604) (c)
        315,843,097 
           
Other Assets/(Liabilities) — (0.1)%        (275,617) 
           
NET ASSETS — 100.0%       $315,567,480 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) Non-income producing security.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

 

 

MML Moderate Allocation Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 60.9%          
MML Blue Chip Growth Fund, Initial Class (a)   3,617,583   $68,951,140 
MML Equity Income Fund, Initial Class (a)   5,282,058    54,986,220 
MML Focused Equity Fund, Class II (a)   12,456,476    97,160,517 
MML Foreign Fund, Initial Class (a)   2,721,175    28,164,165 
MML Fundamental Equity Fund, Class II (a)   3,919,570    44,447,927 
MML Fundamental Value Fund, Class II (a)   4,384,038    56,378,728 
MML Global Fund, Class I (a)   7,597,882    33,810,574 
MML Income & Growth Fund, Initial Class (a)   2,481,682    25,064,985 
MML International Equity Fund, Class II (a)   7,628,592    85,058,804 
MML Large Cap Growth Fund, Initial Class (a)   3,316,642    52,203,944 
MML Mid Cap Growth Fund, Initial Class (a)   3,558,281    39,959,495 
MML Mid Cap Value Fund, Initial Class (a)   3,621,469    30,275,478 
MML Small Cap Growth Equity Fund, Initial Class (a)   795,511    8,742,123 
MML Small Company Value Fund, Class II (a)   1,803,542    16,267,947 
MML Small/Mid Cap Value Fund, Initial Class (a)   1,048,683    9,658,374 
MML Strategic Emerging Markets Fund, Class II (a)   2,243,867    12,790,042 
         663,920,463 
Fixed Income Funds — 39.2%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   3,225,566    14,644,068 
MML Dynamic Bond Fund, Class II (a)   10,096,555    85,113,955 
MML High Yield Fund, Class II (a)   237,311    2,095,452 
MML Inflation-Protected and Income Fund, Initial Class (a)   1,889,614    16,628,600 
MML Managed Bond Fund, Initial Class (a)   12,433,040    137,200,160 
MML Short-Duration Bond Fund, Class II (a)   4,213,651    38,217,811 
MML Total Return Bond Fund, Class II (a)   13,334,832    121,213,624 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   1,460,354    11,712,039 
         426,825,709 
           
TOTAL MUTUAL FUNDS
(Cost $1,096,928,941)
        1,090,746,172 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $1,096,928,941)
        1,090,746,172 
           
TOTAL INVESTMENTS — 100.1%
(Cost $1,096,928,941) (c)
        1,090,746,172 
           
Other Assets/(Liabilities) — (0.1)%        (898,637) 
           
NET ASSETS — 100.0%       $1,089,847,535 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) Non-income producing security.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Growth Allocation Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 75.7%          
MML Blue Chip Growth Fund, Initial Class (a)   3,961,178   $75,500,051 
MML Equity Income Fund, Initial Class (a)   5,842,146    60,816,744 
MML Focused Equity Fund, Class II (a)   13,738,197    107,157,937 
MML Foreign Fund, Initial Class (a)   2,987,655    30,922,234 
MML Fundamental Equity Fund, Class II (a)   4,318,065    48,966,857 
MML Fundamental Value Fund, Class II (a)   4,779,310    61,461,921 
MML Global Fund, Class I (a)   8,363,029    37,215,481 
MML Income & Growth Fund, Initial Class (a)   2,798,738    28,267,255 
MML International Equity Fund, Class II (a)   8,424,361    93,931,630 
MML Large Cap Growth Fund, Initial Class (a)   3,681,388    57,945,052 
MML Mid Cap Growth Fund, Initial Class (a)   3,908,491    43,892,352 
MML Mid Cap Value Fund, Initial Class (a)   3,992,637    33,378,448 
MML Small Cap Growth Equity Fund, Initial Class (a)   875,777    9,624,193 
MML Small Company Value Fund, Class II (a)   2,086,984    18,824,595 
MML Small/Mid Cap Value Fund, Initial Class (a)   1,155,014    10,637,682 
MML Strategic Emerging Markets Fund, Class II (a)   2,635,688    15,023,419 
         733,565,851 
Fixed Income Funds — 24.4%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   1,775,184    8,059,334 
MML Dynamic Bond Fund, Class II (a)   5,557,773    46,852,023 
MML High Yield Fund, Class II (a)   130,606    1,153,247 
MML Inflation-Protected and Income Fund, Initial Class (a)   1,039,996    9,151,961 
MML Managed Bond Fund, Initial Class (a)   6,819,302    75,251,859 
MML Short-Duration Bond Fund, Class II (a)   2,363,814    21,439,797 
MML Total Return Bond Fund, Class II (a)   7,263,142    66,021,958 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   1,016,468    8,152,073 
         236,082,252 
           
TOTAL MUTUAL FUNDS
(Cost $958,512,922)
        969,648,103 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $958,512,922)
        969,648,103 
           
TOTAL INVESTMENTS — 100.1%
(Cost $958,512,922) (c)
        969,648,103 
           
Other Assets/(Liabilities) — (0.1)%        (656,493) 
           
NET ASSETS — 100.0%       $968,991,610 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) Non-income producing security.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Aggressive Allocation Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 90.5%          
MML Blue Chip Growth Fund, Initial Class (a)   640,012   $12,198,633 
MML Equity Income Fund, Initial Class (a)   936,541    9,749,395 
MML Focused Equity Fund, Class II (a)   2,201,798    17,174,023 
MML Foreign Fund, Initial Class (a)   503,597    5,212,230 
MML Fundamental Equity Fund, Class II (a)   712,801    8,083,167 
MML Fundamental Value Fund, Class II (a)   782,721    10,065,795 
MML Global Fund, Class I (a)   1,348,881    6,002,522 
MML Income & Growth Fund, Initial Class (a)   422,085    4,263,056 
MML International Equity Fund, Class II (a)   1,405,326    15,669,383 
MML Large Cap Growth Fund, Initial Class (a)   604,773    9,519,132 
MML Mid Cap Growth Fund, Initial Class (a)   635,390    7,135,426 
MML Mid Cap Value Fund, Initial Class (a)   644,178    5,385,328 
MML Small Cap Growth Equity Fund, Initial Class (a)   141,525    1,555,261 
MML Small Company Value Fund, Class II (a)   321,145    2,896,724 
MML Small/Mid Cap Value Fund, Initial Class (a)   187,409    1,726,037 
MML Strategic Emerging Markets Fund, Class II (a)   436,613    2,488,693 
         119,124,805 
Fixed Income Funds — 9.6%          
Invesco V.I. Global Strategic Income Fund, Series I (b)   95,575    433,911 
MML Dynamic Bond Fund, Class II (a)   290,053    2,445,147 
MML High Yield Fund, Class II (a)   7,032    62,089 
MML Inflation-Protected and Income Fund, Initial Class (a)   55,992    492,733 
MML Managed Bond Fund, Initial Class (a)   350,550    3,868,367 
MML Short-Duration Bond Fund, Class II (a)   121,918    1,105,793 
MML Total Return Bond Fund, Class II (a)   376,980    3,426,751 
PIMCO Variable Insurance Trust - Long-Term U.S. Government Portfolio, Institutional Shares   101,161    811,310 
         12,646,101 
           
TOTAL MUTUAL FUNDS
(Cost $128,588,049)
        131,770,906 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $128,588,049)
        131,770,906 
           
TOTAL INVESTMENTS — 100.1%
(Cost $128,588,049) (c)
        131,770,906 
           
Other Assets/(Liabilities) — (0.1)%        (108,952) 
           
NET ASSETS — 100.0%       $131,661,954 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Affiliated issuer.
(b) Non-income producing security.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML American Funds Growth Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 100.1%          
American Funds Insurance Series Growth Fund, Class 1   2,348,817   $280,613,192 
         280,613,192 
           
TOTAL MUTUAL FUNDS
(Cost $212,281,151)
        280,613,192 
           
TOTAL INVESTMENTS — 100.1%
(Cost $212,281,151) (a)
        280,613,192 
           
Other Assets/(Liabilities) — (0.1)%        (306,923) 
           
NET ASSETS — 100.0%       $280,306,269 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

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

 

 

 

MML American Funds Core Allocation Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
MUTUAL FUNDS — 100.1%          
           
Equity Funds — 66.0%          
American Funds Insurance Series® Growth-Income Fund, Class 1   2,547,670   $174,770,195 
American Funds Insurance Series® International Fund, Class 1   3,223,518    63,471,065 
American Funds Insurance Series® Washington Mutual Investors Fund, Class 1   10,190,438    173,950,779 
         412,192,039 
Fixed Income Funds — 34.1%          
American Funds Insurance Series® The Bond Fund Of America, Class 1   21,499,919    213,279,193 
           
TOTAL MUTUAL FUNDS
(Cost $549,328,221)
        625,471,232 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $549,328,221)
        625,471,232 
           
TOTAL INVESTMENTS — 100.1%
(Cost $549,328,221) (a)
        625,471,232 
           
Other Assets/(Liabilities) — (0.1)%        (756,323) 
           
NET ASSETS — 100.0%       $624,714,909 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

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

 

 

 

MML Blue Chip Growth Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 97.8%          
           
COMMON STOCK — 97.6%          
Communication Services — 15.1%          
Alphabet, Inc. Class A   37,302   $6,186,537 
Alphabet, Inc. Class C   174,324    29,145,230 
Meta Platforms, Inc. Class A   42,778    24,487,838 
Netflix, Inc. (a)   12,311    8,731,823 
Sea Ltd. ADR (a)   16,948    1,597,857 
T-Mobile US, Inc.   24,327    5,020,120 
         75,169,405 
Consumer Discretionary — 14.5%          
Amazon.com, Inc. (a)   211,187    39,350,474 
Booking Holdings, Inc.   1,015    4,275,302 
Carvana Co. (a)   40,544    7,059,116 
Chipotle Mexican Grill, Inc. (a)   79,176    4,562,121 
DoorDash, Inc., Class A (a)   11,801    1,684,357 
Lululemon Athletica, Inc. (a)   2,593    703,610 
NIKE, Inc. Class B   2,896    256,006 
Ross Stores, Inc.   16,311    2,454,969 
Tesla, Inc. (a)   37,270    9,750,950 
TJX Cos., Inc.   18,490    2,173,315 
         72,270,220 
Consumer Staples — 1.2%          
Colgate-Palmolive Co.   20,106    2,087,204 
Dollar General Corp.   17,464    1,476,930 
Mondelez International, Inc. Class A   14,234    1,048,619 
Procter & Gamble Co.   9,026    1,563,303 
         6,176,056 
Energy — 0.2%          
Schlumberger NV   26,957    1,130,846 
Financials — 8.6%          
Adyen NV ADR (a) (b)   64,851    1,013,621 
Charles Schwab Corp.   22,192    1,438,264 
Chubb Ltd.   18,075    5,212,649 
Fiserv, Inc. (a)   6,163    1,107,183 
Goldman Sachs Group, Inc.   4,116    2,037,873 
Marsh & McLennan Cos., Inc.   10,147    2,263,694 
Mastercard, Inc. Class A   23,645    11,675,901 
Morgan Stanley   19,759    2,059,678 
MSCI, Inc.   798    465,178 
S&P Global, Inc.   4,308    2,225,599 

 

 

 

 

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

 

   Number of
Shares
   Value 
Visa, Inc. Class A   47,994   $13,195,950 
         42,695,590 
Health Care — 10.2%          
AstraZeneca PLC Sponsored ADR   13,454    1,048,201 
Danaher Corp.   15,088    4,194,766 
Elevance Health, Inc.   3,406    1,771,120 
Eli Lilly & Co.   19,803    17,544,270 
Humana, Inc.   5,011    1,587,184 
Intuitive Surgical, Inc. (a)   16,352    8,033,247 
Stryker Corp.   7,585    2,740,157 
Thermo Fisher Scientific, Inc.   6,390    3,952,662 
UnitedHealth Group, Inc.   14,214    8,310,642 
Zoetis, Inc.   9,341    1,825,045 
         51,007,294 
Industrials — 1.9%          
Cintas Corp.   5,628    1,158,693 
GE Vernova, Inc. (a)   4,304    1,097,434 
General Electric Co.   19,911    3,754,816 
Old Dominion Freight Line, Inc.   7,858    1,560,913 
TransDigm Group, Inc.   1,071    1,528,456 
Veralto Corp.   3,266    365,335 
         9,465,647 
Information Technology — 44.1%          
Advanced Micro Devices, Inc. (a)   17,745    2,911,600 
Apple, Inc.   201,019    46,837,427 
ASML Holding NV   5,854    4,877,845 
Atlassian Corp. Class A (a)   6,106    969,694 
Bill Holdings, Inc. (a)   9,719    512,774 
Broadcom, Inc.   12,869    2,219,903 
Canva, Inc. (Acquired 8/16/21-12/17/21, Cost $582,930) (a) (c) (d) (e)   342    379,928 
Confluent, Inc. Class A (a)   14,806    301,746 
Crowdstrike Holdings, Inc. Class A (a)   3,982    1,116,832 
Datadog, Inc. Class A (a)   6,111    703,132 
Fortinet, Inc. (a)   3,959    307,020 
Gusto, Inc. (Acquired 10/04/21, Cost $193,055) (a) (c) (d) (e)   6,706    124,665 
Intuit, Inc.   6,606    4,102,326 
Lam Research Corp.   1,097    895,240 
Microsoft Corp.   147,360    63,409,008 
MongoDB, Inc. (a)   5,389    1,456,916 
Monolithic Power Systems, Inc.   3,512    3,246,844 
NVIDIA Corp.   482,916    58,645,319 
Roper Technologies, Inc.   5,200    2,893,488 
ServiceNow, Inc. (a)   11,785    10,540,386 
Shopify, Inc. Class A (a)   37,376    2,995,313 
Snowflake, Inc. Class A (a)   4,515    518,593 
Synopsys, Inc. (a)   8,885    4,499,275 
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR   12,561    2,181,469 
TE Connectivity PLC (a)   13,759    2,077,471 
Texas Instruments, Inc.   3,774    779,595 
         219,503,809 
Materials — 0.9%          
Linde PLC (LIN US)   4,472    2,132,518 

 

 

 

 

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

 

   Number of
Shares
   Value 
Sherwin-Williams Co.   5,727   $2,185,824 
         4,318,342 
Utilities — 0.9%          
Constellation Energy Corp.   16,469    4,282,269 
           
TOTAL COMMON STOCK
(Cost $276,310,675)
        486,019,478 
           
PREFERRED STOCK — 0.2%          
Information Technology — 0.2%          
Canva, Inc., Series A (Acquired 11/04/21-12/17/21, Cost $37,502) (a) (c) (d) (e)   22    24,440 
Canva, Inc., Series A-3 (Acquired 12/17/21, Cost $3,408) (a) (c) (d) (e)   2    2,222 
Databricks, Inc., Series G (Acquired 2/01/21, Cost $172,224) (a) (c) (d) (e)   2,913    254,509 
Databricks, Inc., Series H (Acquired 8/31/21, Cost $542,974) (a) (c) (d) (e)   7,389    645,577 
Gusto, Inc., Series E (Acquired 7/13/21, Cost $254,865) (a) (c) (d) (e)   8,385    155,877 
         1,082,625 
           
TOTAL PREFERRED STOCK
(Cost $1,010,973)
        1,082,625 
           
TOTAL EQUITIES
(Cost $277,321,648)
        487,102,103 
           
           
   Principal
Amount
    
BONDS & NOTES — 0.2%          
CORPORATE DEBT — 0.2%          
Retail — 0.2%          
Carvana Co.          
12.000% 12/01/28 (f)  $242,593    254,772 
13.000% 6/01/30 (f)   367,750    399,883 
14.000% 6/01/31 (f)   438,222    516,189 
         1,170,844 
           
TOTAL CORPORATE DEBT
(Cost $1,159,190)
        1,170,844 
           
TOTAL BONDS & NOTES
(Cost $1,159,190)
        1,170,844 
           
           
   Number of
Shares
    
EXCHANGE-TRADED FUNDS — 1.5%          
iShares Russell 1000 Growth ETF   5,091    1,911,059 
SPDR S&P 500 ETF Trust   9,673    5,549,980 
           
TOTAL EXCHANGE-TRADED FUNDS
(Cost $7,432,795)
        7,461,039 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $285,913,633)
        495,733,986 
           

 

 

 

 

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

 

   Number of
Shares
   Value 
SHORT-TERM INVESTMENTS — 0.8%          
           
Investment of Cash Collateral from Securities Loaned — 0.2%          
State Street Navigator Securities Lending Government Money Market Portfolio (g)   832,224   $832,224 
Mutual Fund — 0.0%          
T. Rowe Price Government Reserve Investment Fund   112    112 
           
   Principal
Amount
    
Repurchase Agreement — 0.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (h)  $2,797,848   2,797,848 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,630,184)
        3,630,184 
           
TOTAL INVESTMENTS — 100.3%
(Cost $289,543,817) (i)
        499,364,170 
           
Other Assets/(Liabilities) — (0.3)%        (1,312,333) 
           
NET ASSETS — 100.0%       $498,051,837 

 

Abbreviation Legend

ADR American Depositary Receipt
ETF Exchange-Traded Fund

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $812,979 or 0.16% of net assets. (Note 2).
(c) Restricted security. Certain securities are restricted to resale. At September 30, 2024, these securities amounted to a value of $1,587,218 or 0.32% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities.
(d) Investment is valued using significant unobservable inputs.
(e) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2024, these securities amounted to a value of $1,587,218 or 0.32% of net assets.
(f) Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2024, the aggregate market value of these securities amounted to $1,170,844 or 0.24% of net assets.
(g) Represents investment of security lending cash collateral. (Note 2).
(h) Maturity value of $2,797,966. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $2,853,812.
(i) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Equity Income Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.3%          
           
COMMON STOCK — 98.6%          
Communication Services — 3.7%          
AT&T, Inc.   15,231   $335,082 
Comcast Corp. Class A   53,539    2,236,324 
News Corp. Class A   200,018    5,326,479 
News Corp. Class B   7,490    209,346 
Verizon Communications, Inc.   25,335    1,137,795 
Walt Disney Co.   37,956    3,650,988 
         12,896,014 
Consumer Discretionary — 2.8%          
Home Depot, Inc.   600    243,120 
Kohl's Corp. (a)   52,933    1,116,886 
Las Vegas Sands Corp.   78,454    3,949,374 
Mattel, Inc. (b)   87,467    1,666,246 
TJX Cos., Inc.   9,760    1,147,191 
Volkswagen AG ADR   150,526    1,589,555 
         9,712,372 
Consumer Staples — 9.0%          
Colgate-Palmolive Co.   24,050    2,496,630 
Conagra Brands, Inc.   90,960    2,958,019 
Dollar General Corp.   11,600    981,012 
Kenvue, Inc.   254,468    5,885,845 
Kimberly-Clark Corp.   40,167    5,714,961 
Mondelez International, Inc. Class A   5,061    372,844 
Philip Morris International, Inc.   49,520    6,011,728 
Tyson Foods, Inc. Class A   50,353    2,999,025 
Walmart, Inc.   51,789    4,181,962 
         31,602,026 
Energy — 8.6%          
Baker Hughes Co.   27,501    994,161 
Chesapeake Energy Corp.   6,327    520,396 
Chevron Corp.   4,586    675,380 
ConocoPhillips   11,375    1,197,560 
Enbridge, Inc.   34,966    1,419,969 
EOG Resources, Inc.   16,301    2,003,882 
EQT Corp.   55,026    2,016,153 
Exxon Mobil Corp.   48,034    5,630,546 
Hess Corp.   5,706    774,875 
Marathon Oil Corp.   55,489    1,477,672 
Schlumberger NV   11,100    465,645 
Suncor Energy, Inc. (SU US)   66,200    2,444,104 
TC Energy Corp.   34,749    1,652,315 
TotalEnergies SE (a)   88,574    5,740,947 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
TotalEnergies SE Sponsored ADR (a)   15,083   $974,663 
Williams Cos., Inc.   42,023    1,918,350 
         29,906,618 
Financials — 21.5%          
American International Group, Inc.   87,795    6,429,228 
Apollo Global Management, Inc.   7,800    974,298 
Bank of America Corp.   48,824    1,937,336 
Bank of New York Mellon Corp.   6,300    452,718 
Charles Schwab Corp.   79,198    5,132,822 
Chubb Ltd.   24,882    7,175,720 
Citigroup, Inc.   74,842    4,685,109 
Equitable Holdings, Inc.   114,740    4,822,522 
Fifth Third Bancorp   72,934    3,124,493 
Fiserv, Inc. (b)   21,514    3,864,990 
Hartford Financial Services Group, Inc.   42,092    4,950,440 
Huntington Bancshares, Inc.   290,481    4,270,071 
JP Morgan Chase & Co.   22,904    4,829,537 
Loews Corp.   45,540    3,599,937 
MetLife, Inc.   88,420    7,292,882 
Morgan Stanley   9,982    1,040,524 
US Bancorp   73,755    3,372,816 
Wells Fargo & Co.   123,559    6,979,848 
         74,935,291 
Health Care — 16.8%          
AbbVie, Inc.   4,274    844,030 
AstraZeneca PLC Sponsored ADR   38,119    2,969,851 
Becton Dickinson & Co.   24,933    6,011,346 
Biogen, Inc. (b)   4,900    949,816 
Bristol-Myers Squibb Co.   39,022    2,018,998 
Cardinal Health, Inc.   4,918    543,537 
Centene Corp. (b)   6,138    462,069 
Cigna Group   11,288    3,910,615 
CVS Health Corp.   60,594    3,810,151 
Elevance Health, Inc.   15,083    7,843,160 
GE HealthCare Technologies, Inc. (b)   9,764    916,351 
Humana, Inc.   1,800    570,132 
Johnson & Johnson   25,146    4,075,161 
Medtronic PLC   37,812    3,404,214 
Merck & Co., Inc.   10,719    1,217,250 
Pfizer, Inc.   55,255    1,599,080 
Sanofi SA   21,738    2,504,526 
Sanofi SA ADR   13,237    762,848 
Thermo Fisher Scientific, Inc.   1,800    1,113,426 
UnitedHealth Group, Inc.   9,016    5,271,475 
Viatris, Inc.   224,707    2,608,848 
Zimmer Biomet Holdings, Inc.   47,655    5,144,357 
         58,551,241 
Industrials — 13.0%          
3M Co.   8,987    1,228,523 
Boeing Co. (b)   20,342    3,092,798 
CSX Corp.   44,311    1,530,059 
Cummins, Inc.   6,858    2,220,552 
GE Vernova, Inc. (b)   7,497    1,911,585 

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
General Electric Co.   37,609   $7,092,305 
Honeywell International, Inc.   4,669    965,129 
L3Harris Technologies, Inc.   26,470    6,296,419 
Norfolk Southern Corp.   7,597    1,887,854 
Rockwell Automation, Inc.   2,378    638,398 
Siemens AG Sponsored ADR   45,843    4,632,435 
Southwest Airlines Co. (a)   100,203    2,969,015 
Stanley Black & Decker, Inc.   51,414    5,662,224 
Stericycle, Inc. (b)   17,463    1,065,243 
Union Pacific Corp.   1,944    479,157 
United Parcel Service, Inc. Class B   26,984    3,678,998 
         45,350,694 
Information Technology — 9.1%          
Accenture PLC Class A   8,059    2,848,696 
Advanced Micro Devices, Inc. (b)   3,389    556,067 
Applied Materials, Inc.   18,544    3,746,815 
Cisco Systems, Inc.   20,046    1,066,848 
Intel Corp.   52,880    1,240,565 
Microsoft Corp.   11,834    5,092,170 
QUALCOMM, Inc.   39,986    6,799,619 
Salesforce, Inc.   2,500    684,275 
Samsung Electronics Co. Ltd.   58,204    2,758,599 
TE Connectivity PLC (b)   24,315    3,671,322 
Texas Instruments, Inc.   16,212    3,348,913 
         31,813,889 
Materials — 3.3%          
CF Industries Holdings, Inc.   70,396    6,039,977 
International Paper Co.   107,240    5,238,674 
West Fraser Timber Co. Ltd. (WFG US)   1,500    146,040 
         11,424,691 
Real Estate — 4.4%          
Equity Residential   68,460    5,097,532 
Rayonier, Inc.   80,597    2,593,611 
Rexford Industrial Realty, Inc.   38,445    1,934,168 
Vornado Realty Trust   5,843    230,214 
Weyerhaeuser Co.   161,987    5,484,880 
         15,340,405 
Utilities — 6.4%          
Ameren Corp.   41,598    3,638,161 
Atmos Energy Corp.   2,417    335,262 
Dominion Energy, Inc.   67,511    3,901,461 
NextEra Energy, Inc.   28,064    2,372,250 
NiSource, Inc.   26,601    921,724 
PG&E Corp.   26,000    514,020 
Sempra   32,587    2,725,251 
Southern Co.   86,434    7,794,618 
         22,202,747 
           
TOTAL COMMON STOCK
(Cost $255,845,721)
        343,735,988 
           

 

 

 

 

MML Equity Income Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
PREFERRED STOCK — 0.7%          
Consumer Discretionary — 0.5%          
Dr. Ing hc F Porsche AG 3.234% (c)   20,517   $1,632,881 
       
Utilities — 0.2%          
NextEra Energy, Inc. Convertible 6.926% (a)   15,955    739,674 
           
TOTAL PREFERRED STOCK
(Cost $2,733,318)
        2,372,555 
           
TOTAL EQUITIES
(Cost $258,579,039)
        346,108,543 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $258,579,039)
        346,108,543 
           
           
SHORT-TERM INVESTMENTS — 1.1%          
Investment of Cash Collateral from Securities Loaned — 0.4%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   1,324,754    1,324,754 
Mutual Fund — 0.0%          
T. Rowe Price Government Reserve Investment Fund   110    110 
           
   Principal
Amount
    
Repurchase Agreement — 0.7%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (e)  $2,408,642   2,408,642 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,733,506)
        3,733,506 
           
TOTAL INVESTMENTS — 100.4%
(Cost $262,312,545) (f)
        349,842,049 
           
Other Assets/(Liabilities) — (0.4)%        (1,338,331) 
           
NET ASSETS — 100.0%       $348,503,718 

 

Abbreviation Legend

ADR American Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $11,290,210 or 3.24% of net assets. The Fund received $10,527,498 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(b) Non-income producing security.
(c) Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2024, the aggregate market value of these securities amounted to $1,632,881 or 0.47% of net assets.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $2,408,744. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $2,457,007.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Equity Index Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.4%          
           
COMMON STOCK — 99.4%          
Communication Services — 8.8%          
Alphabet, Inc. Class A   76,723   $12,724,510 
Alphabet, Inc. Class C   62,896    10,515,582 
AT&T, Inc.   93,893    2,065,646 
Charter Communications, Inc. Class A (a)   1,271    411,906 
Comcast Corp. Class A   50,586    2,112,977 
Electronic Arts, Inc.   3,148    451,549 
Fox Corp. Class A   2,942    124,535 
Fox Corp. Class B   1,738    67,434 
Interpublic Group of Cos., Inc.   4,918    155,556 
Live Nation Entertainment, Inc. (a)   2,051    224,564 
Match Group, Inc. (a)   3,377    127,786 
Meta Platforms, Inc. Class A   28,609    16,376,936 
Netflix, Inc. (a)   5,620    3,986,097 
News Corp. Class A   4,996    133,043 
News Corp. Class B   1,507    42,121 
Omnicom Group, Inc.   2,562    264,885 
Paramount Global Class B   7,788    82,709 
T-Mobile US, Inc.   6,417    1,324,212 
Take-Two Interactive Software, Inc. (a)   2,135    328,171 
Verizon Communications, Inc.   55,123    2,475,574 
Walt Disney Co.   23,749    2,284,416 
Warner Bros Discovery, Inc. (a)   29,218    241,049 
         56,521,258 
Consumer Discretionary — 10.0%          
Airbnb, Inc. Class A (a)   5,762    730,679 
Amazon.com, Inc. (a)   122,320    22,791,886 
Aptiv PLC (a)   3,480    250,595 
AutoZone, Inc. (a)   224    705,609 
Best Buy Co., Inc.   2,537    262,072 
Booking Holdings, Inc.   439    1,849,121 
BorgWarner, Inc.   3,001    108,906 
Caesars Entertainment, Inc. (a)   2,851    119,001 
CarMax, Inc. (a)   2,044    158,165 
Carnival Corp. (a)   13,229    244,472 
Chipotle Mexican Grill, Inc. (a)   17,933    1,033,299 
Darden Restaurants, Inc.   1,551    254,566 
Deckers Outdoor Corp. (a)   1,996    318,262 
Domino's Pizza, Inc.   459    197,434 
DR Horton, Inc.   3,843    733,129 
eBay, Inc.   6,403    416,899 
Expedia Group, Inc. (a)   1,632    241,569 
Ford Motor Co.   51,128    539,912 
Garmin Ltd.   2,014    354,524 
General Motors Co.   14,718    659,955 
Genuine Parts Co.   1,824    254,776 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Hasbro, Inc.   1,724   $124,680 
Hilton Worldwide Holdings, Inc.   3,227    743,824 
Home Depot, Inc.   12,985    5,261,522 
Las Vegas Sands Corp.   4,629    233,024 
Lennar Corp. Class A   3,165    593,374 
LKQ Corp.   3,447    137,604 
Lowe's Cos., Inc.   7,462    2,021,083 
Lululemon Athletica, Inc. (a)   1,509    409,467 
Marriott International, Inc. Class A   3,060    760,716 
McDonald's Corp.   9,394    2,860,567 
MGM Resorts International (a)   3,023    118,169 
Mohawk Industries, Inc. (a)   686    110,226 
NIKE, Inc. Class B   15,733    1,390,797 
Norwegian Cruise Line Holdings Ltd. (a) (b)   5,652    115,923 
NVR, Inc. (a)   40    392,472 
O'Reilly Automotive, Inc. (a)   760    875,216 
Pool Corp.   501    188,777 
PulteGroup, Inc.   2,718    390,115 
Ralph Lauren Corp.   514    99,649 
Ross Stores, Inc.   4,368    657,428 
Royal Caribbean Cruises Ltd.   3,101    549,993 
Starbucks Corp.   14,839    1,446,654 
Tapestry, Inc.   3,027    142,208 
Tesla, Inc. (a)   36,333    9,505,803 
TJX Cos., Inc.   14,799    1,739,474 
Tractor Supply Co.   1,413    411,084 
Ulta Beauty, Inc. (a)   625    243,200 
Wynn Resorts Ltd.   1,225    117,453 
Yum! Brands, Inc.   3,682    514,412 
         64,379,745 
Consumer Staples — 5.9%          
Altria Group, Inc.   22,343    1,140,387 
Archer-Daniels-Midland Co.   6,261    374,032 
Brown-Forman Corp. Class B   2,358    116,014 
Bunge Global SA   1,865    180,234 
Campbell Soup Co.   2,592    126,801 
Church & Dwight Co., Inc.   3,206    335,732 
Clorox Co.   1,622    264,240 
Coca-Cola Co.   50,793    3,649,985 
Colgate-Palmolive Co.   10,700    1,110,767 
Conagra Brands, Inc.   6,298    204,811 
Constellation Brands, Inc. Class A   2,052    528,780 
Costco Wholesale Corp.   5,805    5,146,249 
Dollar General Corp.   2,879    243,477 
Dollar Tree, Inc. (a)   2,646    186,067 
Estee Lauder Cos., Inc. Class A   3,051    304,154 
General Mills, Inc.   7,289    538,293 
Hershey Co.   1,934    370,902 
Hormel Foods Corp.   3,824    121,221 
J.M. Smucker Co.   1,399    169,419 
Kellanova   3,513    283,534 
Kenvue, Inc.   25,079    580,077 
Keurig Dr. Pepper, Inc.   13,851    519,135 
Kimberly-Clark Corp.   4,410    627,455 
Kraft Heinz Co.   11,558    405,801 
Kroger Co.   8,696    498,281 
Lamb Weston Holdings, Inc.   1,881    121,776 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
McCormick & Co., Inc.   3,300   $271,590 
Molson Coors Beverage Co. Class B   2,301    132,353 
Mondelez International, Inc. Class A   17,492    1,288,636 
Monster Beverage Corp. (a)   9,235    481,790 
PepsiCo, Inc.   17,987    3,058,689 
Philip Morris International, Inc.   20,360    2,471,704 
Procter & Gamble Co.   30,826    5,339,063 
Sysco Corp.   6,440    502,706 
Target Corp.   6,058    944,200 
Tyson Foods, Inc. Class A   3,743    222,933 
Walgreens Boots Alliance, Inc.   9,433    84,520 
Walmart, Inc.   56,878    4,592,898 
         37,538,706 
Energy — 3.3%          
APA Corp.   4,743    116,014 
Baker Hughes Co.   13,009    470,275 
Chevron Corp.   22,273    3,280,145 
ConocoPhillips   15,206    1,600,888 
Coterra Energy, Inc.   9,681    231,860 
Devon Energy Corp.   8,200    320,784 
Diamondback Energy, Inc.   2,453    422,897 
EOG Resources, Inc.   7,446    915,337 
EQT Corp.   7,779    285,023 
Exxon Mobil Corp.   58,178    6,819,625 
Halliburton Co.   11,561    335,847 
Hess Corp.   3,619    491,460 
Kinder Morgan, Inc.   25,285    558,546 
Marathon Oil Corp.   7,325    195,065 
Marathon Petroleum Corp.   4,383    714,034 
Occidental Petroleum Corp.   8,817    454,428 
ONEOK, Inc.   7,648    696,962 
Phillips 66   5,481    720,477 
Schlumberger NV   18,595    780,060 
Targa Resources Corp.   2,869    424,641 
Valero Energy Corp.   4,195    566,451 
Williams Cos., Inc.   15,962    728,665 
         21,129,484 
Financials — 12.9%          
Aflac, Inc.   6,600    737,880 
Allstate Corp.   3,458    655,810 
American Express Co.   7,354    1,994,405 
American International Group, Inc.   8,432    617,475 
Ameriprise Financial, Inc.   1,286    604,176 
Aon PLC Class A   2,845    984,342 
Arch Capital Group Ltd. (a)   4,904    548,660 
Arthur J Gallagher & Co.   2,869    807,251 
Assurant, Inc.   678    134,827 
Bank of America Corp.   88,401    3,507,752 
Bank of New York Mellon Corp.   9,663    694,383 
Berkshire Hathaway, Inc. Class B (a)   23,987    11,040,257 
BlackRock, Inc.   1,823    1,730,957 
Blackstone, Inc.   9,415    1,441,719 
Brown & Brown, Inc.   3,100    321,160 
Capital One Financial Corp.   5,000    748,650 
Cboe Global Markets, Inc.   1,370    280,672 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Charles Schwab Corp.   19,562   $1,267,813 
Chubb Ltd.   4,919    1,418,590 
Cincinnati Financial Corp.   2,046    278,502 
Citigroup, Inc.   24,982    1,563,873 
Citizens Financial Group, Inc.   5,870    241,081 
CME Group, Inc.   4,715    1,040,365 
Corpay, Inc. (a)   909    284,299 
Discover Financial Services   3,288    461,274 
Erie Indemnity Co. Class A   327    176,521 
Everest Group Ltd.   567    222,168 
FactSet Research Systems, Inc.   498    229,005 
Fidelity National Information Services, Inc.   7,144    598,310 
Fifth Third Bancorp   8,863    379,691 
Fiserv, Inc. (a)   7,539    1,354,381 
Franklin Resources, Inc.   3,950    79,592 
Global Payments, Inc.   3,332    341,263 
Globe Life, Inc.   1,176    124,550 
Goldman Sachs Group, Inc.   4,135    2,047,280 
Hartford Financial Services Group, Inc.   3,837    451,270 
Huntington Bancshares, Inc.   19,092    280,652 
Intercontinental Exchange, Inc.   7,518    1,207,692 
Invesco Ltd.   5,926    104,061 
Jack Henry & Associates, Inc.   960    169,478 
JP Morgan Chase & Co.   37,257    7,856,011 
KeyCorp.   12,154    203,579 
KKR & Co., Inc.   8,832    1,153,283 
Loews Corp.   2,392    189,088 
M&T Bank Corp.   2,187    389,548 
MarketAxess Holdings, Inc.   494    126,563 
Marsh & McLennan Cos., Inc.   6,439    1,436,476 
Mastercard, Inc. Class A   10,804    5,335,015 
MetLife, Inc.   7,703    635,343 
Moody's Corp.   2,051    973,384 
Morgan Stanley   16,313    1,700,467 
MSCI, Inc.   1,030    600,418 
Nasdaq, Inc.   5,419    395,641 
Northern Trust Corp.   2,640    237,679 
PayPal Holdings, Inc. (a)   13,387    1,044,588 
PNC Financial Services Group, Inc.   5,205    962,144 
Principal Financial Group, Inc.   2,790    239,661 
Progressive Corp.   7,669    1,946,085 
Prudential Financial, Inc.   4,675    566,142 
Raymond James Financial, Inc.   2,427    297,210 
Regions Financial Corp.   11,983    279,563 
S&P Global, Inc.   4,193    2,166,188 
State Street Corp.   3,910    345,918 
Synchrony Financial   5,175    258,129 
T. Rowe Price Group, Inc.   2,915    317,531 
Travelers Cos., Inc.   2,985    698,848 
Truist Financial Corp.   17,536    750,015 
US Bancorp   20,434    934,447 
Visa, Inc. Class A   21,874    6,014,256 
W. R. Berkley Corp.   3,937    223,346 
Wells Fargo & Co.   44,572    2,517,872 
Willis Towers Watson PLC   1,330    391,725 
         82,358,250 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Health Care — 11.5%          
Abbott Laboratories   22,784   $2,597,604 
AbbVie, Inc.   23,130    4,567,712 
Agilent Technologies, Inc.   3,821    567,342 
Align Technology, Inc. (a)   922    234,483 
Amgen, Inc.   7,036    2,267,070 
Baxter International, Inc.   6,713    254,893 
Becton Dickinson & Co.   3,785    912,563 
Bio-Techne Corp.   2,076    165,935 
Biogen, Inc. (a)   1,907    369,653 
Boston Scientific Corp. (a)   19,284    1,615,999 
Bristol-Myers Squibb Co.   26,548    1,373,593 
Cardinal Health, Inc.   3,193    352,890 
Catalent, Inc. (a)   2,384    144,399 
Cencora, Inc.   2,284    514,083 
Centene Corp. (a)   6,888    518,529 
Charles River Laboratories International, Inc. (a)   679    133,743 
Cigna Group   3,661    1,268,317 
The Cooper Cos., Inc. (a)   2,618    288,870 
CVS Health Corp.   16,473    1,035,822 
Danaher Corp.   8,417    2,340,094 
DaVita, Inc. (a)   604    99,014 
Dexcom, Inc. (a)   5,239    351,223 
Edwards Lifesciences Corp. (a)   7,888    520,529 
Elevance Health, Inc.   3,037    1,579,240 
Eli Lilly & Co.   10,330    9,151,760 
GE HealthCare Technologies, Inc. (a)   5,980    561,223 
Gilead Sciences, Inc.   16,303    1,366,843 
HCA Healthcare, Inc.   2,433    988,844 
Henry Schein, Inc. (a)   1,659    120,941 
Hologic, Inc. (a)   3,042    247,801 
Humana, Inc.   1,577    499,499 
IDEXX Laboratories, Inc. (a)   1,078    544,627 
Incyte Corp. (a)   2,094    138,413 
Insulet Corp. (a)   923    214,828 
Intuitive Surgical, Inc. (a)   4,645    2,281,949 
IQVIA Holdings, Inc. (a)   2,268    537,448 
Johnson & Johnson   31,523    5,108,617 
Labcorp Holdings, Inc.   1,099    245,605 
McKesson Corp.   1,698    839,525 
Medtronic PLC   16,795    1,512,054 
Merck & Co., Inc.   33,193    3,769,397 
Mettler-Toledo International, Inc. (a)   278    416,917 
Moderna, Inc. (a)   4,392    293,517 
Molina Healthcare, Inc. (a)   767    264,278 
Pfizer, Inc.   74,205    2,147,493 
Quest Diagnostics, Inc.   1,463    227,131 
Regeneron Pharmaceuticals, Inc. (a)   1,390    1,461,224 
ResMed, Inc.   1,924    469,687 
Revvity, Inc.   1,615    206,316 
Solventum Corp. (a)   1,820    126,890 
STERIS PLC   1,291    313,119 
Stryker Corp.   4,490    1,622,057 
Teleflex, Inc.   621    153,586 
Thermo Fisher Scientific, Inc.   5,002    3,094,087 
UnitedHealth Group, Inc.   12,092    7,069,951 
Universal Health Services, Inc. Class B   779    178,399 
Vertex Pharmaceuticals, Inc. (a)   3,380    1,571,970 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Viatris, Inc.   15,686   $182,114 
Waters Corp. (a)   777    279,635 
West Pharmaceutical Services, Inc.   950    285,152 
Zimmer Biomet Holdings, Inc.   2,667    287,903 
Zoetis, Inc.   5,933    1,159,190 
         74,013,590 
Industrials — 8.5%          
3M Co.   7,194    983,420 
A.O. Smith Corp.   1,571    141,123 
Allegion PLC   1,141    166,289 
Amentum Holdings, Inc. (a)   1,640    52,890 
AMETEK, Inc.   3,032    520,625 
Automatic Data Processing, Inc.   5,340    1,477,738 
Axon Enterprise, Inc. (a)   935    373,626 
Boeing Co. (a)   7,665    1,165,387 
Broadridge Financial Solutions, Inc.   1,528    328,566 
Builders FirstSource, Inc. (a)   1,525    295,637 
C.H. Robinson Worldwide, Inc.   1,543    170,301 
Carrier Global Corp.   10,994    884,907 
Caterpillar, Inc.   6,350    2,483,612 
Cintas Corp.   4,486    923,578 
Copart, Inc. (a)   11,467    600,871 
CSX Corp.   25,388    876,648 
Cummins, Inc.   1,795    581,203 
Dayforce, Inc. (a) (b)   2,080    127,400 
Deere & Co.   3,356    1,400,559 
Delta Air Lines, Inc.   8,397    426,484 
Dover Corp.   1,800    345,132 
Eaton Corp. PLC   5,213    1,727,797 
Emerson Electric Co.   7,499    820,166 
Equifax, Inc.   1,620    476,053 
Expeditors International of Washington, Inc.   1,848    242,827 
Fastenal Co.   7,499    535,579 
FedEx Corp.   2,951    807,630 
Fortive Corp.   4,588    362,131 
GE Vernova, Inc. (a)   3,598    917,418 
Generac Holdings, Inc. (a)   788    125,197 
General Dynamics Corp.   3,377    1,020,529 
General Electric Co.   14,199    2,677,647 
Honeywell International, Inc.   8,527    1,762,616 
Howmet Aerospace, Inc.   5,345    535,836 
Hubbell, Inc.   703    301,130 
Huntington Ingalls Industries, Inc.   514    135,891 
IDEX Corp.   997    213,857 
Illinois Tool Works, Inc.   3,538    927,204 
Ingersoll Rand, Inc.   5,284    518,677 
Jacobs Solutions, Inc.   1,640    214,676 
JB Hunt Transport Services, Inc.   1,055    181,808 
Johnson Controls International PLC   8,748    678,932 
L3Harris Technologies, Inc.   2,484    590,869 
Leidos Holdings, Inc.   1,764    287,532 
Lockheed Martin Corp.   2,778    1,623,908 
Masco Corp.   2,858    239,901 
Nordson Corp.   716    188,043 
Norfolk Southern Corp.   2,961    735,809 
Northrop Grumman Corp.   1,800    950,526 
Old Dominion Freight Line, Inc.   2,469    490,442 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Otis Worldwide Corp.   5,245   $545,165 
PACCAR, Inc.   6,865    677,438 
Parker-Hannifin Corp.   1,683    1,063,353 
Paychex, Inc.   4,197    563,195 
Paycom Software, Inc.   633    105,439 
Pentair PLC   2,167    211,911 
Quanta Services, Inc.   1,928    574,833 
Republic Services, Inc.   2,673    536,845 
Rockwell Automation, Inc.   1,486    398,932 
Rollins, Inc.   3,700    187,146 
RTX Corp.   17,419    2,110,486 
Snap-on, Inc.   690    199,900 
Southwest Airlines Co. (b)   7,884    233,603 
Stanley Black & Decker, Inc.   2,027    223,234 
Textron, Inc.   2,453    217,287 
Trane Technologies PLC   2,955    1,148,697 
TransDigm Group, Inc.   735    1,048,941 
Uber Technologies, Inc. (a)   27,527    2,068,929 
Union Pacific Corp.   7,977    1,966,171 
United Airlines Holdings, Inc. (a)   4,306    245,700 
United Parcel Service, Inc. Class B   9,592    1,307,773 
United Rentals, Inc.   872    706,085 
Veralto Corp.   3,236    361,979 
Verisk Analytics, Inc.   1,865    499,745 
W.W. Grainger, Inc.   582    604,587 
Waste Management, Inc.   4,782    992,743 
Westinghouse Air Brake Technologies Corp.   2,294    416,980 
Xylem, Inc.   3,181    429,530 
         54,263,254 
Information Technology — 31.5%          
Accenture PLC Class A   8,202    2,899,243 
Adobe, Inc. (a)   5,806    3,006,231 
Advanced Micro Devices, Inc. (a)   21,194    3,477,511 
Akamai Technologies, Inc. (a)   1,984    200,285 
Amphenol Corp. Class A   15,770    1,027,573 
Analog Devices, Inc.   6,498    1,495,645 
ANSYS, Inc. (a)   1,144    364,513 
Apple, Inc.   199,096    46,389,368 
Applied Materials, Inc.   10,842    2,190,626 
Arista Networks, Inc. (a)   3,373    1,294,625 
Autodesk, Inc. (a)   2,818    776,303 
Broadcom, Inc.   60,955    10,514,737 
Cadence Design Systems, Inc. (a)   3,585    971,643 
CDW Corp.   1,749    395,799 
Cisco Systems, Inc.   52,757    2,807,728 
Cognizant Technology Solutions Corp. Class A   6,491    500,975 
Corning, Inc.   10,085    455,338 
Crowdstrike Holdings, Inc. Class A (a)   3,023    847,861 
Dell Technologies, Inc. Class C   3,767    446,540 
Enphase Energy, Inc. (a)   1,773    200,384 
EPAM Systems, Inc. (a)   746    148,476 
F5, Inc. (a)   763    168,013 
Fair Isaac Corp. (a)   321    623,870 
First Solar, Inc. (a)   1,402    349,715 
Fortinet, Inc. (a)   8,314    644,751 
Gartner, Inc. (a)   1,009    511,321 
Gen Digital, Inc.   7,093    194,561 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
GoDaddy, Inc. Class A (a)   1,846   $289,416 
Hewlett Packard Enterprise Co.   17,019    348,209 
HP, Inc.   12,814    459,638 
Intel Corp.   55,876    1,310,851 
International Business Machines Corp.   12,062    2,666,667 
Intuit, Inc.   3,661    2,273,481 
Jabil, Inc.   1,486    178,067 
Juniper Networks, Inc.   4,281    166,873 
Keysight Technologies, Inc. (a)   2,286    363,314 
KLA Corp.   1,760    1,362,962 
Lam Research Corp.   1,707    1,393,049 
Microchip Technology, Inc.   7,025    564,037 
Micron Technology, Inc.   14,520    1,505,869 
Microsoft Corp.   97,335    41,883,250 
Monolithic Power Systems, Inc.   638    589,831 
Motorola Solutions, Inc.   2,185    982,442 
NetApp, Inc.   2,692    332,489 
NVIDIA Corp.   322,134    39,119,953 
NXP Semiconductors NV   3,336    800,673 
ON Semiconductor Corp. (a)   5,609    407,269 
Oracle Corp.   20,931    3,566,642 
Palantir Technologies, Inc. Class A (a)   26,370    980,964 
Palo Alto Networks, Inc. (a)   4,240    1,449,232 
PTC, Inc. (a)   1,577    284,901 
Qorvo, Inc. (a)   1,242    128,299 
QUALCOMM, Inc.   14,588    2,480,689 
Roper Technologies, Inc.   1,404    781,242 
Salesforce, Inc.   12,689    3,473,106 
Seagate Technology Holdings PLC   2,750    301,207 
ServiceNow, Inc. (a)   2,698    2,413,064 
Skyworks Solutions, Inc.   2,091    206,528 
Super Micro Computer, Inc. (a) (b)   659    274,408 
Synopsys, Inc. (a)   2,006    1,015,818 
TE Connectivity PLC (a)   3,980    600,940 
Teledyne Technologies, Inc. (a)   613    268,286 
Teradyne, Inc.   2,137    286,208 
Texas Instruments, Inc.   11,956    2,469,751 
Trimble, Inc. (a)   3,217    199,744 
Tyler Technologies, Inc. (a)   559    326,299 
VeriSign, Inc. (a)   1,099    208,766 
Western Digital Corp. (a)   4,276    292,008 
Zebra Technologies Corp. Class A (a)   677    250,707 
         202,160,784 
Materials — 2.2%          
Air Products & Chemicals, Inc.   2,911    866,721 
Albemarle Corp. (b)   1,548    146,611 
Amcor PLC   19,041    215,735 
Avery Dennison Corp.   1,054    232,681 
Ball Corp.   3,975    269,942 
Celanese Corp.   1,431    194,559 
CF Industries Holdings, Inc.   2,362    202,660 
Corteva, Inc.   9,065    532,931 
Dow, Inc.   9,178    501,394 
DuPont de Nemours, Inc.   5,467    487,164 
Eastman Chemical Co.   1,531    171,395 
Ecolab, Inc.   3,316    846,674 
FMC Corp.   1,644    108,405 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Freeport-McMoRan, Inc.   18,815   $939,245 
International Flavors & Fragrances, Inc.   3,348    351,306 
International Paper Co.   4,549    222,219 
Linde PLC (LIN US)   6,295    3,001,834 
LyondellBasell Industries NV Class A   3,389    325,005 
Martin Marietta Materials, Inc.   800    430,600 
Mosaic Co.   4,173    111,753 
Newmont Corp. (NEM US)   15,025    803,086 
Nucor Corp.   3,108    467,257 
Packaging Corp. of America   1,174    252,880 
PPG Industries, Inc.   3,055    404,665 
Sherwin-Williams Co.   3,039    1,159,895 
Smurfit WestRock PLC   6,461    319,303 
Steel Dynamics, Inc.   1,879    236,904 
Vulcan Materials Co.   1,729    432,994 
         14,235,818 
Real Estate — 2.3%          
Alexandria Real Estate Equities, Inc.   2,039    242,131 
American Tower Corp.   6,116    1,422,337 
AvalonBay Communities, Inc.   1,860    418,965 
BXP, Inc.   1,904    153,196 
Camden Property Trust   1,403    173,313 
CBRE Group, Inc. Class A (a)   3,944    490,949 
CoStar Group, Inc. (a)   5,379    405,792 
Crown Castle, Inc.   5,691    675,123 
Digital Realty Trust, Inc.   4,030    652,175 
Equinix, Inc.   1,243    1,103,324 
Equity Residential   4,468    332,687 
Essex Property Trust, Inc.   841    248,448 
Extra Space Storage, Inc.   2,775    500,027 
Federal Realty Investment Trust   984    113,131 
Healthpeak Properties, Inc.   9,271    212,028 
Host Hotels & Resorts, Inc.   9,198    161,885 
Invitation Homes, Inc.   7,460    263,040 
Iron Mountain, Inc.   3,841    456,426 
Kimco Realty Corp.   8,792    204,150 
Mid-America Apartment Communities, Inc.   1,530    243,117 
Prologis, Inc.   12,125    1,531,145 
Public Storage   2,063    750,664 
Realty Income Corp.   11,404    723,242 
Regency Centers Corp.   2,139    154,500 
SBA Communications Corp.   1,407    338,665 
Simon Property Group, Inc.   4,013    678,277 
UDR, Inc.   3,930    178,186 
Ventas, Inc.   5,410    346,943 
VICI Properties, Inc.   13,743    457,779 
Welltower, Inc.   7,578    970,211 
Weyerhaeuser Co.   9,524    322,483 
         14,924,339 
Utilities — 2.5%          
AES Corp.   9,362    187,802 
Alliant Energy Corp.   3,377    204,950 
Ameren Corp.   3,494    305,585 
American Electric Power Co., Inc.   6,944    712,454 
American Water Works Co., Inc.   2,552    373,205 

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Atmos Energy Corp.   2,033   $281,997 
CenterPoint Energy, Inc.   8,428    247,952 
CMS Energy Corp.   3,912    276,305 
Consolidated Edison, Inc.   4,529    471,605 
Constellation Energy Corp.   4,095    1,064,782 
Dominion Energy, Inc.   10,986    634,881 
DTE Energy Co.   2,711    348,120 
Duke Energy Corp.   10,109    1,165,568 
Edison International   5,069    441,459 
Entergy Corp.   2,800    368,508 
Evergy, Inc.   3,029    187,828 
Eversource Energy   4,641    315,820 
Exelon Corp.   13,095    531,002 
FirstEnergy Corp.   6,712    297,677 
NextEra Energy, Inc.   26,904    2,274,195 
NiSource, Inc.   5,906    204,643 
NRG Energy, Inc.   2,703    246,243 
PG&E Corp.   27,990    553,362 
Pinnacle West Capital Corp.   1,496    132,531 
PPL Corp.   9,661    319,586 
Public Service Enterprise Group, Inc.   6,523    581,917 
Sempra   8,291    693,376 
Southern Co.   14,318    1,291,197 
Vistra Corp.   4,499    533,312 
WEC Energy Group, Inc.   4,139    398,089 
Xcel Energy, Inc.   7,300    476,690 
         16,122,641 
           
TOTAL COMMON STOCK
(Cost $282,146,896)
        637,647,869 
           
TOTAL EQUITIES
(Cost $282,146,896)
        637,647,869 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $282,146,896)
        637,647,869 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.6%        
         
Repurchase Agreement — 0.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (c)  $3,416,924   3,416,924 
U.S. Treasury Bills — 0.0%          
U.S. Treasury Bills          
5.261% 10/03/24 (d) (e)   180,000    179,954 
5.279% 10/03/24 (d) (e)   5,000    4,999 
5.316% 10/03/24 (d) (e)   5,000    4,999 
5.353% 10/03/24 (d) (e)   10,000    9,997 
5.359% 10/03/24 (d) (e)   10,000    9,997 
         209,946 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,626,864)
        3,626,870 
           

 

 

 

 

MML Equity Index Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL INVESTMENTS — 100.0%
(Cost $285,773,760) (f)
       $641,274,739 
           
Other Assets/(Liabilities) — 0.0%        105,294 
           
NET ASSETS — 100.0%       $641,380,033 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $813,423 or 0.13% of net assets. The Fund received $835,830 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Maturity value of $3,417,069. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $3,485,465.
(d) The rate shown represents yield-to-maturity.
(e) All or a portion of this security is pledged/held as collateral for open derivatives.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

Futures contracts               
   Expiration
Date
  Number of
Contracts
   Notional
Amount
   Value/Net Unrealized
Appreciation
(Depreciation)
 
Long               
S&P 500 E Mini Index  12/20/24   13   $3,701,616  $77,647 

 

 

 

MML Focused Equity Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.7%          
           
COMMON STOCK — 98.7%          
Consumer Discretionary — 14.4%          
McDonald's Corp.   49,120   $14,957,531 
NIKE, Inc. Class B   144,306    12,756,651 
TJX Cos., Inc.   111,232    13,074,209 
         40,788,391 
Consumer Staples — 11.1%          
Coca-Cola Co.   122,466    8,800,407 
PepsiCo, Inc.   66,880    11,372,944 
Procter & Gamble Co.   65,835    11,402,622 
         31,575,973 
Financials — 21.1%          
American Express Co.   33,155    8,991,636 
Chubb Ltd.   34,644    9,990,983 
Marsh & McLennan Cos., Inc.   53,472    11,929,069 
Mastercard, Inc. Class A   11,311    5,585,372 
S&P Global, Inc.   22,154    11,445,199 
Visa, Inc. Class A   44,037    12,107,973 
         60,050,232 
Health Care — 13.1%          
Danaher Corp.   43,369    12,057,449 
Stryker Corp.   29,810    10,769,161 
UnitedHealth Group, Inc.   24,573    14,367,342 
         37,193,952 
Industrials — 13.0%          
General Dynamics Corp.   23,248    7,025,546 
Honeywell International, Inc.   50,174    10,371,467 
Lockheed Martin Corp.   12,332    7,208,794 
Northrop Grumman Corp.   13,539    7,149,540 
Union Pacific Corp.   20,936    5,160,305 
         36,915,652 
Information Technology — 19.5%          
Accenture PLC Class A   38,459    13,594,487 
Apple, Inc.   56,263    13,109,279 
Intuit, Inc.   6,904    4,287,384 
Microsoft Corp.   28,425    12,231,278 
Texas Instruments, Inc.   58,913    12,169,658 
         55,392,086 

 

 

 

 

MML Focused Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Materials — 4.5%          
Linde PLC (LIN US)   26,872   $12,814,182 
Real Estate — 2.0%          
American Tower Corp.   24,674    5,738,185 
           
TOTAL COMMON STOCK
(Cost $219,211,209)
        280,468,653 
           
TOTAL EQUITIES
(Cost $219,211,209)
        280,468,653 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $219,211,209)
        280,468,653 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.9%        
         
Repurchase Agreement — 0.9%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (a)  $2,487,499   2,487,499 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,487,499)
        2,487,499 
           
TOTAL INVESTMENTS — 99.6%
(Cost $221,698,708) (b)
        282,956,152 
           
Other Assets/(Liabilities) — 0.4%        1,211,778 
           
NET ASSETS — 100.0%       $284,167,930 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Maturity value of $2,487,604. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 4/30/26, and an aggregate market value, including accrued interest, of $2,537,436.
(b) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Foreign Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 94.4%          
           
COMMON STOCK — 93.9%          
Australia — 4.5%          
BHP Group Ltd. (a)   10,500   $326,476 
Glencore PLC   316,800    1,814,163 
Macquarie Group Ltd.   11,000    1,773,955 
Santos Ltd.   366,800    1,787,745 
Sonic Healthcare Ltd.   68,600    1,290,878 
Whitehaven Coal Ltd.   181,800    910,709 
         7,903,926 
Belgium — 3.3%          
Anheuser-Busch InBev SA   42,100    2,789,394 
Groupe Bruxelles Lambert NV   8,000    623,152 
KBC Group NV   20,600    1,639,025 
Liberty Global Ltd. Class C (a) (b)   32,100    693,681 
         5,745,252 
Brazil — 0.2%          
Pluxee NV (b)   20,200    426,071 
Canada — 0.6%          
CCL Industries, Inc. Class B (a)   16,100    981,511 
China — 0.9%          
Prosus NV (PRX NA)   35,200    1,522,368 
Denmark — 0.4%          
Novo Nordisk AS Class B   5,200    619,181 
France — 8.8%          
Accor SA   48,800    2,121,124 
Amundi SA (c)   13,100    979,442 
Capgemini SE   9,700    2,101,188 
Cie de Saint-Gobain SA   15,700    1,431,053 
Rexel SA   14,300    414,258 
Societe Generale SA   67,300    1,677,750 
Sodexo SA   14,400    1,180,636 
Teleperformance SE   5,500    570,478 
TotalEnergies SE (a)   35,700    2,313,905 
Veolia Environnement SA   82,712    2,721,309 
         15,511,143 
Germany — 10.2%          
Allianz SE Registered   5,400    1,771,892 
BASF SE   19,200    1,016,100 
Deutsche Boerse AG   7,400    1,735,316 
Deutsche Post AG   39,000    1,736,705 

 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Heidelberg Materials AG   19,400   $2,108,746 
Infineon Technologies AG   52,000    1,819,956 
K&S AG Registered   28,400    364,303 
SAP SE   15,100    3,430,134 
Siemens AG Registered   12,700    2,564,772 
Zalando SE (b) (c)   42,100    1,389,102 
         17,937,026 
Hong Kong — 1.3%          
AIA Group Ltd.   124,000    1,096,507 
CK Asset Holdings Ltd.   262,700    1,141,551 
         2,238,058 
Ireland — 2.0%          
AerCap Holdings NV   22,500    2,131,200 
AIB Group PLC   247,800    1,420,490 
         3,551,690 
Israel — 0.9%          
Check Point Software Technologies Ltd. (b)   8,600    1,658,166 
Italy — 0.3%          
Prysmian SpA   7,000    508,920 
Japan — 19.5%          
Astellas Pharma, Inc. (a)   118,200    1,356,748 
Canon, Inc. (a)   38,300    1,257,889 
FANUC Corp. (a)   54,200    1,584,085 
Fujitsu Ltd.   144,400    2,962,349 
Hitachi Ltd.   134,800    3,561,241 
Kyocera Corp.   123,600    1,434,098 
Nintendo Co. Ltd.   21,400    1,140,968 
Olympus Corp.   110,500    2,097,244 
ORIX Corp.   118,200    2,744,213 
Rakuten Group, Inc. (a) (b)   209,700    1,357,790 
Renesas Electronics Corp.   96,000    1,400,848 
SBI Holdings, Inc. (a)   84,400    1,944,919 
Seven & i Holdings Co. Ltd.   175,100    2,622,154 
Sony Group Corp.   188,000    3,651,230 
Square Enix Holdings Co. Ltd.   14,900    591,430 
Sumitomo Mitsui Financial Group, Inc.   124,500    2,650,594 
Toyota Industries Corp.   25,700    1,983,916 
         34,341,716 
Luxembourg — 1.5%          
ArcelorMittal SA   52,800    1,385,686 
Eurofins Scientific SE   20,000    1,267,596 
         2,653,282 
Netherlands — 3.2%          
ASML Holding NV   2,200    1,834,028 
EXOR NV   4,400    471,578 
Heineken Holding NV   19,000    1,434,959 
ING Groep NV Series N   75,100    1,365,942 

 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Koninklijke Philips NV (b)   16,820   $551,165 
         5,657,672 
Norway — 0.9%          
Aker BP ASA   59,973    1,289,937 
DNB Bank ASA   15,000    307,697 
         1,597,634 
Republic of Korea — 1.3%          
Samsung Electronics Co. Ltd.   49,900    2,365,028 
Singapore — 1.4%          
DBS Group Holdings Ltd.   83,060    2,466,844 
Sweden — 2.9%          
Boliden AB   24,000    814,218 
Essity AB Class B   65,600    2,047,288 
Husqvarna AB Class B   39,200    274,915 
Skandinaviska Enskilda Banken AB Class A   99,200    1,517,706 
Volvo AB Class B   18,798    496,956 
         5,151,083 
Switzerland — 2.6%          
Cie Financiere Richemont SA Registered Class A   11,600    1,839,091 
Julius Baer Group Ltd.   19,581    1,179,804 
Novartis AG Registered   13,400    1,542,551 
         4,561,446 
United Kingdom — 15.1%          
Ashtead Group PLC   22,400    1,738,715 
Aviva PLC   159,176    1,031,624 
Barratt Developments PLC   115,400    740,055 
Bunzl PLC   14,600    690,729 
Burberry Group PLC   28,200    264,898 
CK Hutchison Holdings Ltd.   428,000    2,429,849 
DCC PLC   26,000    1,772,167 
Dowlais Group PLC   325,896    254,711 
Entain PLC   73,600    751,568 
Inchcape PLC   115,500    1,232,341 
Informa PLC   70,100    770,054 
Kingfisher PLC   136,400    588,559 
Legal & General Group PLC   549,800    1,662,971 
Lloyds Banking Group PLC   3,049,500    2,394,546 
Pearson PLC   70,500    955,998 
Persimmon PLC   42,200    926,634 
Reckitt Benckiser Group PLC   34,000    2,082,085 
Smith & Nephew PLC   141,000    2,192,096 
Tesco PLC   353,405    1,694,330 
Unilever PLC (ULVR LN)   36,900    2,389,717 
         26,563,647 
United States — 12.1%          
BP PLC   411,800    2,172,152 
CNH Industrial NV   128,500    1,426,350 
GSK PLC   95,500    1,942,460 

 

 

 

 

MML Foreign Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Linde PLC (LIN US)   2,800   $1,335,208 
Nestle SA Registered   30,500    3,073,882 
Roche Holding AG   11,700    3,745,342 
Sanofi SA   20,600    2,373,412 
Shell PLC   61,000    1,988,167 
Smurfit WestRock PLC   41,100    2,031,162 
Stellantis NV   27,900    386,119 
Tenaris SA   51,700    820,628 
         21,294,882 
           
TOTAL COMMON STOCK
(Cost $143,670,542)
        165,256,546 
           
PREFERRED STOCK — 0.5%          
Germany — 0.5%          
Henkel AG & Co. KGaA 2.197%          
   10,000    939,625 
           
TOTAL PREFERRED STOCK
(Cost $788,059)
        939,625 
           
TOTAL EQUITIES
(Cost $144,458,601)
        166,196,171 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $144,458,601)
        166,196,171 
           
           
SHORT-TERM INVESTMENTS — 8.7%          
Investment of Cash Collateral from Securities Loaned — 3.1%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   5,415,947    5,415,947 
           
   Principal
Amount
    
Repurchase Agreement — 5.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (e)  $9,884,221   9,884,221 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $15,300,168)
        15,300,168 
           
TOTAL INVESTMENTS — 103.1%
(Cost $159,758,769) (f)
        181,496,339 
           
Other Assets/(Liabilities) — (3.1)%        (5,478,573) 
           
NET ASSETS — 100.0%       $176,017,766 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $9,754,838 or 5.54% of net assets. The Fund received $4,860,778 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(b) Non-income producing security.
(c) Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2024, the aggregate market value of these securities amounted to $2,368,544 or 1.35% of net assets.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $9,884,638. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $10,082,067.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.7%          
           
COMMON STOCK — 99.7%          
Communication Services — 8.6%          
Alphabet, Inc. Class A   27,040   $4,484,584 
Comcast Corp. Class A   32,637    1,363,248 
Meta Platforms, Inc. Class A   8,182    4,683,704 
T-Mobile US, Inc.   5,270    1,087,517 
Verizon Communications, Inc.   24,799    1,113,723 
         12,732,776 
Consumer Discretionary — 7.6%          
Amazon.com, Inc. (a)   36,552    6,810,734 
Aptiv PLC (a)   15,846    1,141,071 
Royal Caribbean Cruises Ltd.   6,679    1,184,587 
Tesla, Inc. (a)   2,880    753,494 
Valvoline, Inc. (a)   32,127    1,344,515 
         11,234,401 
Consumer Staples — 6.6%          
Constellation Brands, Inc. Class A   11,115    2,864,224 
Coty, Inc. Class A (a)   56,608    531,549 
Philip Morris International, Inc.   30,707    3,727,830 
Walmart, Inc.   33,184    2,679,608 
         9,803,211 
Energy — 4.1%          
Exxon Mobil Corp.   38,602    4,524,927 
Suncor Energy, Inc. (SU US)   39,824    1,470,302 
         5,995,229 
Financials — 13.6%          
American Express Co.   11,189    3,034,457 
American International Group, Inc.   21,004    1,538,123 
ARES Management Corp. Class A   4,951    771,564 
Arthur J Gallagher & Co.   3,724    1,047,822 
Charles Schwab Corp.   26,789    1,736,195 
Equitable Holdings, Inc.   46,526    1,955,488 
Fiserv, Inc. (a)   15,237    2,737,327 
JP Morgan Chase & Co.   18,170    3,831,326 
Mastercard, Inc. Class A   4,335    2,140,623 
Wells Fargo & Co.   23,873    1,348,585 
         20,141,510 
Health Care — 15.5%          
AbbVie, Inc.   5,642    1,114,182 
Becton Dickinson & Co.   6,696    1,614,406 

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Boston Scientific Corp. (a)   19,222   $1,610,804 
The Cooper Cos., Inc. (a)   13,353    1,473,370 
Danaher Corp.   4,045    1,124,591 
Eli Lilly & Co.   3,072    2,721,608 
Gilead Sciences, Inc.   10,552    884,680 
HCA Healthcare, Inc.   4,394    1,785,853 
Lonza Group AG Registered   2,733    1,728,947 
Merck & Co., Inc.   17,029    1,933,813 
Tenet Healthcare Corp. (a)   8,574    1,424,999 
UnitedHealth Group, Inc.   6,233    3,644,310 
Zimmer Biomet Holdings, Inc.   18,042    1,947,634 
         23,009,197 
Industrials — 9.1%          
AerCap Holdings NV   7,759    734,932 
Emerson Electric Co.   14,691    1,606,755 
Equifax, Inc.   6,833    2,007,945 
Hubbell, Inc.   4,436    1,900,160 
Huntington Ingalls Industries, Inc.   3,602    952,297 
Otis Worldwide Corp.   9,316    968,305 
Paylocity Holding Corp. (a)   2,245    370,358 
Rockwell Automation, Inc.   3,856    1,035,182 
Uber Technologies, Inc. (a)   30,998    2,329,810 
United Parcel Service, Inc. Class B   11,404    1,554,821 
         13,460,565 
Information Technology — 28.2%          
Amdocs Ltd.   10,214    893,521 
Apple, Inc.   36,318    8,462,094 
Applied Materials, Inc.   10,148    2,050,403 
Broadcom, Inc.   13,211    2,278,897 
Microsoft Corp.   24,732    10,642,180 
MongoDB, Inc. (a)   2,581    697,773 
NVIDIA Corp.   81,295    9,872,465 
Salesforce, Inc.   3,641    996,578 
ServiceNow, Inc. (a)   2,751    2,460,467 
Texas Instruments, Inc.   8,143    1,682,100 
Tyler Technologies, Inc. (a)   2,804    1,636,751 
         41,673,229 
Materials — 2.3%          
CRH PLC   19,320    1,791,737 
DuPont de Nemours, Inc.   18,857    1,680,347 
         3,472,084 
Real Estate — 1.7%          
Prologis, Inc.   20,351    2,569,924 
Utilities — 2.4%          
Ameren Corp.   6,489    567,528 
Atmos Energy Corp.   9,962    1,381,829 
Constellation Energy Corp.   3,229    839,605 

 

 

 

 

MML Fundamental Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
FirstEnergy Corp.   17,897   $793,732 
         3,582,694 
           
TOTAL COMMON STOCK
(Cost $109,456,122)
        147,674,820 
           
TOTAL EQUITIES
(Cost $109,456,122)
        147,674,820 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $109,456,122)
        147,674,820 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.8%        
         
Repurchase Agreement — 0.8%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (b)  $1,164,323   1,164,323 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,164,323)
        1,164,323 
           
TOTAL INVESTMENTS — 100.5%
(Cost $110,620,445) (c)
        148,839,143 
           
Other Assets/(Liabilities) — (0.5)%        (799,185) 
           
NET ASSETS — 100.0%       $148,039,958 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Maturity value of $1,164,372. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 4/30/26, and an aggregate market value, including accrued interest, of $1,187,792.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.9%          
           
COMMON STOCK — 98.9%          
Communication Services — 4.8%          
Alphabet, Inc. Class A   26,718   $4,431,180 
Omnicom Group, Inc.   19,728    2,039,678 
T-Mobile US, Inc.   9,696    2,000,867 
         8,471,725 
Consumer Discretionary — 7.0%          
AutoNation, Inc. (a)   8,564    1,532,271 
AutoZone, Inc. (a)   887    2,794,085 
Booking Holdings, Inc.   247    1,040,394 
Home Depot, Inc.   5,621    2,277,629 
Lennar Corp. Class A   11,639    2,182,080 
MGM Resorts International (a)   31,136    1,217,106 
Starbucks Corp.   15,188    1,480,678 
         12,524,243 
Consumer Staples — 9.2%          
Coca-Cola Europacific Partners PLC   14,134    1,113,053 
J.M. Smucker Co.   11,611    1,406,092 
Kenvue, Inc.   73,424    1,698,297 
Philip Morris International, Inc.   30,635    3,719,089 
Sysco Corp.   27,295    2,130,648 
Target Corp.   7,401    1,153,520 
US Foods Holding Corp (a)   41,295    2,539,642 
Walmart, Inc.   31,004    2,503,573 
         16,263,914 
Energy — 7.8%          
Canadian Natural Resources Ltd.   47,149    1,565,818 
Cenovus Energy, Inc.   112,060    1,874,764 
ConocoPhillips   19,021    2,002,531 
Diamondback Energy, Inc.   15,948    2,749,435 
Marathon Petroleum Corp.   13,493    2,198,145 
Phillips 66   8,740    1,148,873 
Schlumberger NV   56,205    2,357,800 
         13,897,366 
Financials — 21.6%          
American Express Co.   11,341    3,075,679 
Aon PLC Class A   6,116    2,116,075 
Arthur J Gallagher & Co.   4,682    1,317,374 
Blue Owl Capital, Inc.   91,847    1,778,158 
Chubb Ltd.   6,346    1,830,123 
Corpay, Inc. (a)   6,599    2,063,903 
Discover Financial Services   17,366    2,436,276 

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Fidelity National Information Services, Inc.   37,571   $3,146,571 
Goldman Sachs Group, Inc.   3,267    1,617,524 
Huntington Bancshares, Inc.   170,008    2,499,118 
Intercontinental Exchange, Inc.   7,979    1,281,747 
JP Morgan Chase & Co.   37,326    7,870,560 
LPL Financial Holdings, Inc.   6,833    1,589,561 
Morgan Stanley   33,078    3,448,051 
Wells Fargo & Co.   40,703    2,299,313 
         38,370,033 
Health Care — 13.6%          
Abbott Laboratories   20,126    2,294,565 
AbbVie, Inc.   13,118    2,590,543 
Amgen, Inc.   7,767    2,502,605 
Avantor, Inc. (a)   37,720    975,817 
Cencora, Inc.   13,344    3,003,468 
Centene Corp. (a)   26,619    2,003,878 
Cigna Group   6,571    2,276,457 
Hologic, Inc. (a)   10,642    866,897 
ICON PLC (a)   6,071    1,744,259 
McKesson Corp.   4,058    2,006,356 
UnitedHealth Group, Inc.   6,637    3,880,521 
         24,145,366 
Industrials — 15.6%          
Allegion PLC   6,729    980,685 
Amentum Holdings, Inc. (a)   14,239    459,208 
Builders FirstSource, Inc. (a)   10,860    2,105,320 
Deere & Co.   3,210    1,339,629 
Emerson Electric Co.   7,409    810,322 
Fortive Corp.   24,251    1,914,131 
General Dynamics Corp.   8,224    2,485,293 
Honeywell International, Inc.   13,231    2,734,980 
Jacobs Solutions, Inc.   14,239    1,863,885 
Leidos Holdings, Inc.   13,565    2,211,095 
Masco Corp.   16,049    1,347,153 
Norfolk Southern Corp.   8,540    2,122,190 
Robert Half, Inc.   13,733    925,742 
United Rentals, Inc.   3,048    2,468,057 
WESCO International, Inc.   4,430    744,151 
Westinghouse Air Brake Technologies Corp.   10,642    1,934,396 
WillScot Holdings Corp. (a)   33,807    1,271,143 
         27,717,380 
Information Technology — 13.8%          
Advanced Micro Devices, Inc. (a)   13,510    2,216,721 
Applied Materials, Inc.   11,265    2,276,093 
Dell Technologies, Inc. Class C   14,272    1,691,803 
Flex Ltd. (a)   63,020    2,106,759 
Hewlett Packard Enterprise Co.   48,802    998,489 
Keysight Technologies, Inc. (a)   9,541    1,516,351 
Microchip Technology, Inc.   28,583    2,294,929 
Micron Technology, Inc.   25,641    2,659,228 
Nice Ltd. Sponsored ADR (a) (b)   6,137    1,065,813 
NXP Semiconductors NV   4,430    1,063,244 
Oracle Corp.   31,127    5,304,041 

 

 

 

 

MML Fundamental Value Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
QUALCOMM, Inc.   5,830   $991,391 
Trimble, Inc. (a)   5,687    353,106 
         24,537,968 
Materials — 3.8%          
CRH PLC   33,698    3,125,153 
Kinross Gold Corp.   151,276    1,415,943 
Teck Resources Ltd. Class B   41,831    2,185,251 
         6,726,347 
Utilities — 1.7%          
CenterPoint Energy, Inc.   53,723    1,580,531 
FirstEnergy Corp.   31,029    1,376,136 
         2,956,667 
           
TOTAL COMMON STOCK
(Cost $135,623,000)
        175,611,009 
           
TOTAL EQUITIES
(Cost $135,623,000)
        175,611,009 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $135,623,000)
        175,611,009 
           
           
SHORT-TERM INVESTMENTS — 2.0%          
Investment of Cash Collateral from Securities Loaned — 0.6%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   1,076,794    1,076,794 
           
   Principal
Amount
    
Repurchase Agreement — 1.4%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (d)  $2,366,972   2,366,972 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,443,766)
        3,443,766 
           
TOTAL INVESTMENTS — 100.9%
(Cost $139,066,766) (e)
        179,054,775 
           
Other Assets/(Liabilities) — (0.9)%        (1,522,563) 
           
NET ASSETS — 100.0%       $177,532,212 

 

Abbreviation Legend

ADR American Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $1,055,045 or 0.59% of net assets. (Note 2).
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $2,367,072. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 4/30/26, and an aggregate market value, including accrued interest, of $2,414,398.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Global Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.8%          
           
COMMON STOCK — 98.8%          
Austria — 0.6%          
Erste Group Bank AG   15,270   $837,804 
Canada — 3.2%          
Canadian National Railway Co.   15,477    1,813,131 
Canadian Pacific Kansas City Ltd. (a)   27,902    2,386,737 
         4,199,868 
Denmark — 0.8%          
Carlsberg AS Class B   8,713    1,038,088 
France — 8.7%          
Air Liquide SA   6,900    1,332,633 
Capgemini SE   11,086    2,401,419 
EssilorLuxottica SA   2,563    607,329 
Hermes International SCA   250    615,129 
Legrand SA   15,222    1,755,348 
LVMH Moet Hennessy Louis Vuitton SE   3,410    2,618,929 
Pernod Ricard SA   14,583    2,204,218 
         11,535,005 
Germany — 3.2%          
Brenntag SE   6,835    509,578 
Deutsche Boerse AG   3,619    848,663 
Merck KGaA   12,036    2,119,208 
MTU Aero Engines AG   2,581    804,453 
         4,281,902 
Ireland — 1.3%          
Accenture PLC Class A   4,791    1,693,523 
Israel — 1.4%          
Check Point Software Technologies Ltd. (b)   9,702    1,870,643 
Japan — 2.6%          
Hoya Corp.   4,600    636,967 
Kubota Corp.   76,500    1,085,948 
Olympus Corp.   89,000    1,689,183 
         3,412,098 
Mexico — 0.2%          
Grupo Financiero Banorte SAB de CV Class O   41,312    294,031 
Netherlands — 2.1%          
Akzo Nobel NV   12,261    864,812 

 

 

 

 

MML Global Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Heineken NV (a)   21,907   $1,942,426 
         2,807,238 
Republic of Korea — 0.9%          
Samsung Electronics Co. Ltd.   23,743    1,125,308 
Spain — 3.4%          
Aena SME SA (c)   5,523    1,215,350 
Amadeus IT Group SA   24,436    1,763,743 
Cellnex Telecom SA (c)   39,074    1,583,158 
         4,562,251 
Sweden — 0.4%          
Essity AB Class B   18,009    562,036 
Switzerland — 3.9%          
Cie Financiere Richemont SA Registered Class A   15,359    2,435,051 
Julius Baer Group Ltd.   7,864    473,825 
UBS Group AG Registered   75,721    2,337,880 
         5,246,756 
United Kingdom — 7.7%          
Burberry Group PLC   44,612    419,065 
Compass Group PLC   25,678    822,731 
Diageo PLC   66,952    2,336,091 
Intertek Group PLC   13,366    923,942 
London Stock Exchange Group PLC   8,606    1,176,707 
Melrose Industries PLC   158,210    967,692 
Reckitt Benckiser Group PLC   19,780    1,211,284 
Rolls-Royce Holdings PLC (b)   173,519    1,225,444 
Whitbread PLC   12,855    539,574 
WPP PLC   68,191    696,889 
         10,319,419 
United States — 58.4%          
Abbott Laboratories   11,288    1,286,945 
Air Products & Chemicals, Inc.   7,328    2,181,839 
Alphabet, Inc. Class A   16,508    2,737,852 
American Express Co.   7,669    2,079,833 
Amphenol Corp. Class A   12,768    831,963 
Aon PLC Class A   5,254    1,817,831 
Aptiv PLC (b)   10,868    782,605 
Becton Dickinson & Co.   9,600    2,314,560 
Boston Scientific Corp. (b)   15,661    1,312,392 
Carrier Global Corp.   6,699    539,203 
Charles Schwab Corp.   45,969    2,979,251 
Cognizant Technology Solutions Corp. Class A   9,187    709,053 
Comcast Corp. Class A   63,211    2,640,323 
The Cooper Cos., Inc. (b)   11,417    1,259,752 
eBay, Inc.   14,021    912,907 
Equifax, Inc.   2,606    765,799 
Experian PLC   28,948    1,525,039 
Fidelity National Information Services, Inc.   15,525    1,300,219 
Fiserv, Inc. (b)   8,520    1,530,618 
Goldman Sachs Group, Inc.   4,049    2,004,700 
Honeywell International, Inc.   12,477    2,579,121 

 

 

 

 

MML Global Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
International Flavors & Fragrances, Inc.   18,004   $1,889,160 
Linde PLC (LIN US)   5,433    2,590,780 
Marriott International, Inc. Class A   3,828    951,641 
Medtronic PLC   35,244    3,173,017 
Microchip Technology, Inc.   8,003    642,561 
Microsoft Corp.   6,039    2,598,582 
Nestle SA Registered   21,368    2,153,532 
Omnicom Group, Inc. (a)   3,776    390,401 
Oracle Corp.   15,281    2,603,882 
Otis Worldwide Corp.   7,754    805,951 
PPG Industries, Inc.   8,174    1,082,728 
Roche Holding AG   8,493    2,718,734 
Salesforce, Inc.   4,021    1,100,588 
Schneider Electric SE   13,072    3,458,355 
STERIS PLC   4,512    1,094,340 
Thermo Fisher Scientific, Inc.   5,078    3,141,098 
TransUnion   14,850    1,554,795 
Union Pacific Corp.   6,316    1,556,768 
United Parcel Service, Inc. Class B   6,224    848,580 
Visa, Inc. Class A   13,260    3,645,837 
Walt Disney Co.   13,442    1,292,986 
Waters Corp. (b)   4,451    1,601,870 
Willis Towers Watson PLC   9,733    2,866,660 
         77,854,651 
           
TOTAL COMMON STOCK
(Cost $101,123,277)
        131,640,621 
           
TOTAL EQUITIES
(Cost $101,123,277)
        131,640,621 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $101,123,277)
        131,640,621 
           
           
SHORT-TERM INVESTMENTS — 2.4%          
Investment of Cash Collateral from Securities Loaned — 1.8%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   2,373,175    2,373,175 
           
   Principal
Amount
    
Repurchase Agreement — 0.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (e)  $818,751   818,751 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,191,926)
        3,191,926 
           
TOTAL INVESTMENTS — 101.2%
(Cost $104,315,203) (f)
        134,832,547 
           
Other Assets/(Liabilities) — (1.2)%        (1,541,396) 
           
NET ASSETS — 100.0%       $133,291,151 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $4,151,013 or 3.11% of net assets. The Fund received $1,939,336 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(b) Non-income producing security.
(c) Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2024, the aggregate market value of these securities amounted to $2,798,508 or 2.10% of net assets.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $818,785. Collateralized by U.S. Government Agency obligations with a rate of 0.750%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $835,129.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Income & Growth Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.6%          
           
COMMON STOCK — 98.6%          
Communication Services — 4.8%          
Alphabet, Inc. Class C   6,371   $1,065,168 
Comcast Corp. Class A   68,991    2,881,754 
Electronic Arts, Inc.   7,067    1,013,690 
T-Mobile US, Inc.   3,884    801,502 
Warner Music Group Corp. Class A   44,832    1,403,242 
         7,165,356 
Consumer Discretionary — 4.4%          
Aptiv PLC (a)   12,837    924,392 
Aramark   20,755    803,841 
Carnival Corp. (a)   65,800    1,215,984 
Las Vegas Sands Corp.   20,535    1,033,732 
Lithia Motors, Inc.   2,152    683,561 
Six Flags Entertainment Corp.   14,929    601,788 
United Parks & Resorts, Inc. (a)   16,304    824,983 
Wynn Resorts Ltd.   4,078    390,999 
         6,479,280 
Consumer Staples — 8.7%          
Coca-Cola Europacific Partners PLC   27,433    2,160,349 
Keurig Dr. Pepper, Inc.   33,787    1,266,337 
Kraft Heinz Co.   43,315    1,520,790 
Molson Coors Beverage Co. Class B   22,121    1,272,400 
Philip Morris International, Inc.   33,301    4,042,741 
Procter & Gamble Co.   8,413    1,457,131 
Tyson Foods, Inc. Class A   18,018    1,073,152 
         12,792,900 
Energy — 8.7%          
Enbridge, Inc.   85,528    3,473,292 
Exxon Mobil Corp.   8,468    992,619 
Halliburton Co.   24,439    709,953 
Hess Corp.   21,028    2,855,602 
Phillips 66   18,182    2,390,024 
Plains GP Holdings LP Class A   131,009    2,423,667 
         12,845,157 
Financials — 16.8%          
Allstate Corp.   11,906    2,257,973 
American Express Co.   3,243    879,502 
American International Group, Inc.   12,747    933,463 
Axis Capital Holdings Ltd.   10,421    829,616 
Bank of America Corp.   25,654    1,017,951 
The Bank of Nova Scotia (b)   24,869    1,355,112 

 

 

 

 

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

 

   Number of
Shares
   Value 
Berkshire Hathaway, Inc. Class B (a)   2,256   $1,038,346 
Chubb Ltd.   11,004    3,173,443 
Comerica, Inc.   12,564    752,709 
Fidelity National Information Services, Inc.   41,061    3,438,859 
JP Morgan Chase & Co.   11,160    2,353,198 
M&T Bank Corp.   4,695    836,273 
Northern Trust Corp.   16,036    1,443,721 
Wells Fargo & Co.   46,981    2,653,957 
Western Alliance Bancorp   8,807    761,717 
Willis Towers Watson PLC   3,971    1,169,579 
         24,895,419 
Health Care — 14.8%          
Avantor, Inc. (a)   41,969    1,085,738 
CVS Health Corp.   35,422    2,227,335 
Elevance Health, Inc.   1,694    880,880 
Humana, Inc.   6,207    1,966,005 
Medtronic PLC   34,988    3,149,970 
Merck & Co., Inc.   31,243    3,547,955 
Sanofi SA ADR   62,159    3,582,223 
Smith & Nephew PLC Sponsored ADR (b)   92,230    2,872,042 
UnitedHealth Group, Inc.   4,410    2,578,439 
         21,890,587 
Industrials — 11.2%          
AECOM   9,755    1,007,399 
AerCap Holdings NV   9,340    884,685 
Amentum Holdings, Inc. (a)   7,130    229,943 
BWX Technologies, Inc.   12,439    1,352,119 
CACI International, Inc. Class A (a)   2,341    1,181,175 
General Dynamics Corp.   7,971    2,408,836 
Jacobs Solutions, Inc.   7,130    933,317 
JB Hunt Transport Services, Inc.   3,935    678,119 
Johnson Controls International PLC   33,651    2,611,654 
L3Harris Technologies, Inc.   4,946    1,176,505 
MDU Resources Group, Inc.   43,940    1,204,395 
Stanley Black & Decker, Inc.   5,938    653,952 
U-Haul Holding Co. (UHAL/B US)   11,575    833,400 
Vertiv Holdings Co. Class A   14,814    1,473,845 
         16,629,344 
Information Technology — 5.7%          
Broadcom, Inc.   6,614    1,140,915 
Ciena Corp. (a)   14,274    879,136 
Cognizant Technology Solutions Corp. Class A   13,008    1,003,957 
Littelfuse, Inc.   2,884    764,981 
Microchip Technology, Inc.   10,513    844,089 
Oracle Corp.   12,046    2,052,638 
QUALCOMM, Inc.   6,081    1,034,074 
Skyworks Solutions, Inc.   6,905    682,007 
         8,401,797 
Materials — 8.7%          
Air Products & Chemicals, Inc.   13,394    3,987,930 
Axalta Coating Systems Ltd. (a)   33,769    1,222,100 
CRH PLC   18,222    1,689,908 

 

 

 

 

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

 

   Number of
Shares
   Value 
DuPont de Nemours, Inc.   27,345   $2,436,713 
Element Solutions, Inc.   38,810    1,054,080 
International Flavors & Fragrances, Inc.   10,895    1,143,212 
Knife River Corp. (a)   14,442    1,290,970 
         12,824,913 
Real Estate — 7.9%          
COPT Defense Properties   26,110    791,916 
CubeSmart   14,964    805,512 
Mid-America Apartment Communities, Inc.   16,663    2,647,751 
Prologis, Inc.   16,678    2,106,098 
Public Storage   9,751    3,548,096 
SBA Communications Corp.   2,548    613,304 
VICI Properties, Inc.   33,470    1,114,886 
         11,627,563 
Utilities — 6.9%          
CenterPoint Energy, Inc.   33,223    977,421 
Entergy Corp.   26,737    3,518,856 
Pinnacle West Capital Corp.   33,250    2,945,617 
Xcel Energy, Inc.   41,332    2,698,980 
         10,140,874 
           
TOTAL COMMON STOCK
(Cost $112,083,381)
        145,693,190 
           
TOTAL EQUITIES
(Cost $112,083,381)
        145,693,190 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $112,083,381)
        145,693,190 
           
           
SHORT-TERM INVESTMENTS — 3.6%          
Investment of Cash Collateral from Securities Loaned — 2.0%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   2,921,792    2,921,792 
           
   Principal
Amount
    
Repurchase Agreement — 1.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (d)  $2,385,737   2,385,737 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $5,307,529)
        5,307,529 
           
TOTAL INVESTMENTS — 102.2%
(Cost $117,390,910) (e)
        151,000,719 
           
Other Assets/(Liabilities) — (2.2)%        (3,179,206) 
           
NET ASSETS — 100.0%       $147,821,513 

 

Abbreviation Legend

ADR American Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $4,184,813 or 2.83% of net assets. The Fund received $1,369,653 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $2,385,838. Collateralized by U.S. Government Agency obligations with rates ranging from 0.750% - 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $2,433,727.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML International Equity Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 97.9%          
           
COMMON STOCK — 97.4%          
Australia — 1.4%          
Brambles Ltd.   40,700   $536,471 
Glencore PLC   245,144    1,403,824 
Rio Tinto PLC   18,649    1,321,670 
         3,261,965 
Belgium — 1.0%          
Anheuser-Busch InBev SA   12,235    810,647 
KBC Group NV   13,287    1,057,171 
Liberty Global Ltd. Class A (a)   29,100    614,301 
         2,482,119 
Canada — 3.1%          
Canadian National Railway Co.   16,133    1,889,981 
Intact Financial Corp.   6,630    1,273,105 
Open Text Corp. (b)   40,700    1,354,811 
Suncor Energy, Inc. (SU CN)   36,887    1,361,528 
Toronto-Dominion Bank   24,530    1,551,115 
         7,430,540 
China — 2.7%          
Alibaba Group Holding Ltd.   115,040    1,529,073 
NetEase, Inc.   73,000    1,364,386 
Prosus NV (PRX NA)   36,116    1,561,985 
Tencent Holdings Ltd.   36,800    2,060,538 
         6,515,982 
Denmark — 2.9%          
Carlsberg AS Class B   17,127    2,040,552 
DSV AS   6,080    1,261,708 
Novo Nordisk AS Class B   30,150    3,590,059 
         6,892,319 
France — 15.5%          
Accor SA   26,400    1,147,493 
Air Liquide SA   24,180    4,670,010 
Airbus SE   10,195    1,492,821 
BNP Paribas SA   37,076    2,544,315 
Capgemini SE   19,531    4,230,752 
Cie de Saint-Gobain SA   25,260    2,302,446 
Cie Generale des Etablissements Michelin SCA Class A   37,835    1,536,138 
Danone SA   8,620    627,679 
Dassault Systemes SE   26,978    1,070,612 
Edenred SE   79,601    3,019,641 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Engie SA   127,602   $2,204,296 
EssilorLuxottica SA   10,401    2,464,622 
Kering SA   7,745    2,218,318 
Legrand SA   13,548    1,562,308 
LVMH Moet Hennessy Louis Vuitton SE   4,129    3,171,131 
Pernod Ricard SA   15,683    2,370,483 
Publicis Groupe SA   3,126    342,084 
Worldline SA (a) (b) (c)   66,900    487,612 
         37,462,761 
Germany — 14.0%          
adidas AG   2,870    759,694 
Allianz SE Registered   4,290    1,407,670 
Bayer AG Registered   83,494    2,819,857 
Bayerische Motoren Werke AG   22,455    1,980,428 
Beiersdorf AG   19,916    2,997,198 
Brenntag SE   14,610    1,089,236 
Continental AG   36,335    2,350,651 
Daimler Truck Holding AG   37,290    1,394,396 
Deutsche Boerse AG   13,939    3,268,725 
Fresenius Medical Care AG   47,841    2,034,554 
Fresenius SE & Co. KGaA (a)   42,800    1,629,857 
Henkel AG & Co. KGaA   6,665    566,888 
Mercedes Benz Group AG   28,818    1,862,695 
Merck KGaA   14,614    2,573,123 
MTU Aero Engines AG   3,312    1,032,293 
SAP SE   19,902    4,520,962 
Siemens AG Registered   5,435    1,097,601 
thyssenkrupp AG   83,574    323,286 
         33,709,114 
Hong Kong — 2.2%          
AIA Group Ltd.   297,800    2,633,386 
Prudential PLC   287,992    2,686,548 
         5,319,934 
India — 1.0%          
Axis Bank Ltd.   35,282    519,747 
HDFC Bank Ltd. ADR   31,593    1,976,458 
         2,496,205 
Indonesia — 0.2%          
Bank Mandiri Persero Tbk. PT   869,400    397,541 
Ireland — 0.6%          
AIB Group PLC   268,821    1,540,991 
Israel — 0.7%          
Check Point Software Technologies Ltd. (a)   8,645    1,666,842 
Italy — 3.7%          
Eni SpA (b)   109,263    1,671,805 
Intesa Sanpaolo SpA   918,898    3,933,188 
Ryanair Holdings PLC Sponsored ADR   73,863    3,337,108 
         8,942,101 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Japan — 12.0%          
Daikin Industries Ltd.   16,600   $2,330,958 
Denso Corp.   134,900    2,007,984 
Fujitsu Ltd.   39,400    808,286 
Hitachi Ltd.   190,200    5,024,837 
Hoya Corp.   9,100    1,260,088 
Komatsu Ltd.   31,500    873,779 
Kose Corp.   14,800    958,930 
Kyocera Corp.   113,200    1,313,429 
Mitsubishi Electric Corp.   115,500    1,861,376 
Olympus Corp.   100,300    1,903,652 
Seven & i Holdings Co. Ltd.   118,200    1,770,066 
Shin-Etsu Chemical Co. Ltd.   49,500    2,070,438 
SMC Corp.   3,200    1,423,928 
Sony Group Corp.   119,000    2,311,151 
Terumo Corp.   81,200    1,531,655 
ZOZO, Inc. (b)   39,500    1,435,585 
         28,886,142 
Luxembourg — 0.5%          
Eurofins Scientific SE   18,800    1,191,540 
Netherlands — 2.5%          
Akzo Nobel NV   18,635    1,314,394 
EXOR NV   9,505    1,018,715 
ING Groep NV Series N   156,392    2,844,506 
Koninklijke Ahold Delhaize NV   23,600    815,426 
         5,993,041 
Portugal — 0.5%          
Galp Energia SGPS SA   65,395    1,227,879 
Republic of Korea — 1.0%          
NAVER Corp.   9,280    1,208,288 
Samsung Electronics Co. Ltd. GDR (c)   1,045    1,225,190 
         2,433,478 
Singapore — 0.9%          
DBS Group Holdings Ltd.   74,460    2,211,428 
Spain — 1.1%          
Amadeus IT Group SA   36,551    2,638,181 
Sweden — 1.0%          
Sandvik AB   29,000    648,010 
SKF AB Class B   48,100    956,868 
Volvo AB Class B   30,470    805,525 
         2,410,403 
Switzerland — 7.8%          
Cie Financiere Richemont SA Registered Class A   24,379    3,865,102 
Julius Baer Group Ltd.   16,025    965,546 
Novartis AG Registered   34,575    3,980,128 
Schindler Holding AG   1,495    438,317 
Sika AG Registered   4,013    1,331,389 
Sonova Holding AG Registered   3,855    1,384,690 

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Swatch Group AG (b)   5,399   $1,158,561 
UBS Group AG Registered   95,445    2,946,857 
Zurich Insurance Group AG   4,508    2,719,356 
         18,789,946 
Taiwan — 1.3%          
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR   17,965    3,119,982 
United Kingdom — 10.0%          
Ashtead Group PLC   11,170    867,029 
Bunzl PLC   3,500    165,586 
Compass Group PLC   128,435    4,115,095 
Diageo PLC   62,767    2,190,068 
Lloyds Banking Group PLC   2,379,984    1,868,825 
London Stock Exchange Group PLC   16,248    2,221,605 
Reckitt Benckiser Group PLC   23,180    1,419,492 
RELX PLC   64,112    3,029,018 
Rolls-Royce Holdings PLC (a)   342,497    2,418,819 
Schroders PLC   297,507    1,391,715 
Smith & Nephew PLC   53,700    834,862 
Smiths Group PLC   24,200    543,536 
Tesco PLC   334,640    1,604,365 
WPP PLC   137,192    1,402,056 
         24,072,071 
United States — 9.8%          
CNH Industrial NV   246,453    2,735,628 
Experian PLC   63,659    3,353,684 
Holcim AG   4,024    393,435 
Linde PLC (LIN US)   3,667    1,748,646 
Nestle SA Registered   37,504    3,779,767 
Qiagen NV   30,044    1,351,099 
Roche Holding AG   14,681    4,699,604 
Schneider Electric SE   19,293    5,104,196 
Smurfit WestRock PLC   10,400    513,968 
         23,680,027 
           
TOTAL COMMON STOCK
(Cost $209,327,646)
        234,772,532 
           
PREFERRED STOCK — 0.5%          
Republic of Korea — 0.5%          
Samsung Electronics Co. Ltd. 2.130%          
   30,300    1,184,173 
           
TOTAL PREFERRED STOCK
(Cost $1,457,489)
        1,184,173 
           
TOTAL EQUITIES
(Cost $210,785,135)
        235,956,705 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $210,785,135)
        235,956,705 
           

 

 

 

 

MML International Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
SHORT-TERM INVESTMENTS — 1.8%          
           
Investment of Cash Collateral from Securities Loaned — 0.2%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   529,301   $529,301 
           
   Principal
Amount
    
Repurchase Agreement — 1.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (e)  $3,733,059   3,733,059 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,262,360)
        4,262,360 
           
TOTAL INVESTMENTS — 99.7%
(Cost $215,047,495) (f)
        240,219,065 
           
Other Assets/(Liabilities) — 0.3%        702,845 
           
NET ASSETS — 100.0%       $240,921,910 

 

Abbreviation Legend

ADR American Depositary Receipt
GDR Global Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $4,636,890 or 1.92% of net assets. The Fund received $4,373,775 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2024, the aggregate market value of these securities amounted to $1,712,802 or 0.71% of net assets.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $3,733,217. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 4/30/26, and an aggregate market value, including accrued interest, of $3,807,942.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Large Cap Growth Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.3%          
           
COMMON STOCK — 99.3%          
Communication Services — 21.5%          
Alphabet, Inc. Class A   58,822   $9,755,629 
Alphabet, Inc. Class C   19,800    3,310,362 
Meta Platforms, Inc. Class A   30,016    17,182,359 
Netflix, Inc. (a)   15,918    11,290,160 
Walt Disney Co.   56,965    5,479,463 
         47,017,973 
Consumer Discretionary — 18.5%          
Alibaba Group Holding Ltd. Sponsored ADR   18,565    1,970,118 
Amazon.com, Inc. (a)   70,133    13,067,882 
NIKE, Inc. Class B   27,397    2,421,895 
Starbucks Corp.   37,802    3,685,317 
Tesla, Inc. (a)   61,691    16,140,216 
Yum China Holdings, Inc.   18,149    817,068 
Yum! Brands, Inc.   15,512    2,167,181 
         40,269,677 
Consumer Staples — 2.4%          
Monster Beverage Corp. (a)   101,738    5,307,671 
Financials — 8.9%          
Block, Inc. (a)   28,495    1,912,870 
FactSet Research Systems, Inc.   5,906    2,715,874 
PayPal Holdings, Inc. (a)   25,842    2,016,451 
SEI Investments Co.   33,643    2,327,759 
Visa, Inc. Class A   37,567    10,329,047 
         19,302,001 
Health Care — 12.6%          
Illumina, Inc. (a)   16,759    2,185,541 
Intuitive Surgical, Inc. (a)   6,843    3,361,761 
Novartis AG Sponsored ADR (b)   22,416    2,578,288 
Novo Nordisk AS Sponsored ADR   33,697    4,012,302 
Regeneron Pharmaceuticals, Inc. (a)   4,423    4,649,635 
Roche Holding AG Sponsored ADR (b)   50,990    2,037,050 
Thermo Fisher Scientific, Inc.   5,229    3,234,503 
Vertex Pharmaceuticals, Inc. (a)   11,891    5,530,266 
         27,589,346 
Industrials — 5.8%          
Boeing Co. (a)   56,163    8,539,022 
Deere & Co.   2,763    1,153,083 

 

 

 

 

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

 

   Number of
Shares
   Value 
Expeditors International of Washington, Inc.   22,415   $2,945,331 
         12,637,436 
Information Technology — 29.6%          
Autodesk, Inc. (a)   22,605    6,227,225 
Microsoft Corp.   24,127    10,381,848 
NVIDIA Corp.   166,568    20,228,018 
Oracle Corp.   67,961    11,580,554 
QUALCOMM, Inc.   21,695    3,689,235 
Salesforce, Inc.   22,694    6,211,575 
Shopify, Inc. Class A (a)   55,091    4,414,993 
Workday, Inc. Class A (a)   7,877    1,925,218 
         64,658,666 
           
TOTAL COMMON STOCK
(Cost $143,985,775)
        216,782,770 
           
TOTAL EQUITIES
(Cost $143,985,775)
        216,782,770 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $143,985,775)
        216,782,770 
           
           
SHORT-TERM INVESTMENTS — 1.7%          
Investment of Cash Collateral from Securities Loaned — 0.9%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   2,057,060    2,057,060 
           
   Principal
Amount
    
Repurchase Agreement — 0.8%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (d)  $1,736,758   1,736,758 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $3,793,818)
        3,793,818 
           
TOTAL INVESTMENTS — 101.0%
(Cost $147,779,593) (e)
        220,576,588 
           
Other Assets/(Liabilities) — (1.0)%        (2,252,159) 
           
NET ASSETS — 100.0%       $218,324,429 

 

Abbreviation Legend

ADR American Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $2,917,398 or 1.34% of net assets. The Fund received $928,556 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $1,736,831. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $1,771,681.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 98.8%          
           
COMMON STOCK — 98.8%          
Communication Services — 8.8%          
Alphabet, Inc. Class A (a)   11,790   $1,955,372 
Alphabet, Inc. Class C (a)   10,336    1,728,076 
AT&T, Inc. (a)   14,781    325,182 
Charter Communications, Inc. Class A (a) (b)   210    68,057 
Comcast Corp. Class A (a)   7,974    333,074 
Electronic Arts, Inc. (a)   521    74,732 
Fox Corp. Class A (a)   381    16,128 
Fox Corp. Class B (a)   321    12,455 
Interpublic Group of Cos., Inc. (a)   850    26,886 
Live Nation Entertainment, Inc. (a) (b)   319    34,927 
Match Group, Inc. (a) (b)   612    23,158 
Meta Platforms, Inc. Class A (a)   4,535    2,596,015 
Netflix, Inc. (a) (b)   889    630,541 
News Corp. Class A (a)   418    11,131 
News Corp. Class B (a)   511    14,282 
Omnicom Group, Inc. (a)   412    42,597 
Paramount Global Class B (a)   1,014    10,769 
T-Mobile US, Inc. (a)   1,012    208,836 
Take-Two Interactive Software, Inc. (a) (b)   329    50,571 
Verizon Communications, Inc. (a)   8,775    394,085 
Walt Disney Co. (a)   3,818    367,253 
Warner Bros Discovery, Inc. (a) (b)   4,696    38,742 
         8,962,869 
Consumer Discretionary — 10.0%          
Airbnb, Inc. Class A (a) (b)   919    116,538 
Amazon.com, Inc. (a) (b)   19,390    3,612,939 
Aptiv PLC (a) (b)   590    42,486 
AutoZone, Inc. (a) (b)   36    113,401 
Bath & Body Works, Inc. (a)   510    16,279 
Best Buy Co., Inc. (a)   410    42,353 
Booking Holdings, Inc. (a)   69    290,636 
BorgWarner, Inc. (a)   509    18,472 
Caesars Entertainment, Inc. (a) (b)   454    18,950 
CarMax, Inc. (a) (b)   349    27,006 
Carnival Corp. (a) (b)   2,127    39,307 
Chipotle Mexican Grill, Inc. (a) (b)   2,807    161,739 
Darden Restaurants, Inc. (a)   239    39,227 
Deckers Outdoor Corp. (a) (b)   336    53,575 
Domino's Pizza, Inc. (a)   73    31,400 
DR Horton, Inc. (a)   616    117,514 
eBay, Inc. (a)   1,045    68,040 
Expedia Group, Inc. (a) (b)   275    40,706 
Ford Motor Co. (a)   8,391    88,609 
Garmin Ltd. (a)   335    58,970 
General Motors Co. (a)   2,287    102,549 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Genuine Parts Co. (a)   278   $38,831 
Hasbro, Inc. (a)   276    19,960 
Hilton Worldwide Holdings, Inc. (a)   524    120,782 
Home Depot, Inc. (a)   2,053    831,876 
Las Vegas Sands Corp. (a)   796    40,071 
Lennar Corp. Class A (a)   517    96,927 
LKQ Corp. (a)   535    21,357 
Lowe's Cos., Inc. (a)   1,172    317,436 
Lululemon Athletica, Inc. (a) (b)   236    64,039 
Marriott International, Inc. Class A (a)   494    122,808 
McDonald's Corp. (a)   1,481    450,979 
MGM Resorts International (a) (b)   515    20,131 
Mohawk Industries, Inc. (a) (b)   120    19,282 
NIKE, Inc. Class B (a)   2,464    217,818 
Norwegian Cruise Line Holdings Ltd. (a) (b)   976    20,018 
NVR, Inc. (a) (b)   6    58,871 
O'Reilly Automotive, Inc. (a) (b)   125    143,950 
Pool Corp. (a)   81    30,521 
PulteGroup, Inc. (a)   419    60,139 
Ralph Lauren Corp. (a)   85    16,479 
Ross Stores, Inc. (a)   689    103,701 
Royal Caribbean Cruises Ltd. (a)   502    89,035 
Starbucks Corp. (a)   2,329    227,054 
Tapestry, Inc. (a)   507    23,819 
Tesla, Inc. (a) (b)   5,757    1,506,204 
TJX Cos., Inc. (a)   2,324    273,163 
Tractor Supply Co. (a)   228    66,332 
Ulta Beauty, Inc. (a) (b)   100    38,912 
Wynn Resorts Ltd. (a)   211    20,231 
Yum! Brands, Inc. (a)   590    82,429 
         10,243,851 
Consumer Staples — 5.8%          
Altria Group, Inc. (a)   3,614    184,459 
Archer-Daniels-Midland Co. (a)   954    56,992 
Brown-Forman Corp. Class B (a)   358    17,614 
Bunge Global SA (a)   321    31,021 
Campbell Soup Co. (a)   325    15,899 
Church & Dwight Co., Inc. (a)   528    55,292 
Clorox Co. (a)   276    44,963 
Coca-Cola Co. (a)   8,125    583,862 
Colgate-Palmolive Co. (a)   1,702    176,685 
Conagra Brands, Inc. (a)   945    30,731 
Constellation Brands, Inc. Class A (a)   329    84,780 
Costco Wholesale Corp. (a)   919    814,712 
Dollar General Corp. (a)   461    38,987 
Dollar Tree, Inc. (a) (b)   429    30,167 
Estee Lauder Cos., Inc. Class A (a)   484    48,250 
General Mills, Inc. (a)   1,210    89,358 
Hershey Co. (a)   316    60,602 
Hormel Foods Corp. (a)   709    22,475 
J.M. Smucker Co. (a)   215    26,037 
Kellanova (a)   544    43,906 
Kenvue, Inc. (a)   3,909    90,415 
Keurig Dr. Pepper, Inc. (a)   2,192    82,156 
Kimberly-Clark Corp. (a)   692    98,458 
Kraft Heinz Co. (a)   1,700    59,687 
Kroger Co. (a)   1,441    82,569 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Lamb Weston Holdings, Inc. (a)   286   $18,516 
McCormick & Co., Inc. (a)   556    45,759 
Molson Coors Beverage Co. Class B (a)   382    21,973 
Mondelez International, Inc. Class A (a)   2,847    209,738 
Monster Beverage Corp. (a) (b)   1,457    76,012 
PepsiCo, Inc. (a)   2,822    479,881 
Philip Morris International, Inc. (a)   3,197    388,116 
Procter & Gamble Co. (a)   4,874    844,177 
Sysco Corp. (a)   1,044    81,495 
Target Corp. (a)   968    150,872 
Tyson Foods, Inc. Class A (a)   619    36,868 
Walgreens Boots Alliance, Inc. (a)   1,705    15,277 
Walmart, Inc. (a)   8,976    724,812 
         5,963,573 
Energy — 3.3%          
APA Corp. (a)   701    17,146 
Baker Hughes Co. (a)   2,120    76,638 
Chevron Corp. (a)   3,511    517,065 
ConocoPhillips (a)   2,369    249,408 
Coterra Energy, Inc. (a)   1,668    39,949 
Devon Energy Corp. (a)   1,391    54,416 
Diamondback Energy, Inc. (a)   365    62,926 
EOG Resources, Inc. (a)   1,148    141,124 
EQT Corp. (a)   1,163    42,612 
Exxon Mobil Corp. (a)   9,208    1,079,362 
Halliburton Co. (a)   1,837    53,365 
Hess Corp. (a)   607    82,430 
Kinder Morgan, Inc. (a)   4,207    92,933 
Marathon Oil Corp. (a)   1,086    28,920 
Marathon Petroleum Corp. (a)   681    110,942 
Occidental Petroleum Corp. (a)   1,411    72,723 
ONEOK, Inc. (a)   1,211    110,358 
Phillips 66 (a)   905    118,962 
Schlumberger NV (a)   2,987    125,305 
Targa Resources Corp. (a)   461    68,233 
Valero Energy Corp. (a)   688    92,901 
Williams Cos., Inc. (a)   2,524    115,220 
         3,352,938 
Financials — 12.7%          
Aflac, Inc. (a)   999    111,688 
Allstate Corp. (a)   566    107,342 
American Express Co. (a)   1,158    314,050 
American International Group, Inc. (a)   1,384    101,350 
Ameriprise Financial, Inc. (a)   207    97,251 
Aon PLC Class A (a)   446    154,312 
Arch Capital Group Ltd. (a) (b)   786    87,938 
Arthur J Gallagher & Co. (a)   449    126,335 
Assurant, Inc. (a)   89    17,699 
Bank of America Corp. (a)   14,222    564,329 
Bank of New York Mellon Corp. (a)   1,568    112,676 
Berkshire Hathaway, Inc. Class B (a) (b)   3,803    1,750,369 
BlackRock, Inc. (a)   295    280,105 
Blackstone, Inc. (a)   1,525    233,523 
Brown & Brown, Inc. (a)   473    49,003 
Capital One Financial Corp. (a)   819    122,629 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Cboe Global Markets, Inc. (a)   238   $48,759 
Charles Schwab Corp. (a)   3,170    205,448 
Chubb Ltd. (a)   771    222,349 
Cincinnati Financial Corp. (a)   347    47,234 
Citigroup, Inc. (a)   4,054    253,780 
Citizens Financial Group, Inc. (a)   903    37,086 
CME Group, Inc. (a)   762    168,135 
Corpay, Inc. (a) (b)   142    44,412 
Discover Financial Services (a)   508    71,267 
Erie Indemnity Co. Class A (a)   49    26,451 
Everest Group Ltd. (a)   98    38,399 
FactSet Research Systems, Inc. (a)   78    35,868 
Fidelity National Information Services, Inc. (a)   1,191    99,746 
Fifth Third Bancorp (a)   1,519    65,074 
Fiserv, Inc. (a) (b)   1,158    208,035 
Franklin Resources, Inc. (a)   675    13,601 
Global Payments, Inc. (a)   541    55,409 
Globe Life, Inc. (a)   145    15,357 
Goldman Sachs Group, Inc. (a)   646    319,841 
Hartford Financial Services Group, Inc. (a)   579    68,096 
Huntington Bancshares, Inc. (a)   2,788    40,984 
Intercontinental Exchange, Inc. (a)   1,235    198,390 
Invesco Ltd. (a)   598    10,501 
Jack Henry & Associates, Inc. (a)   162    28,599 
JP Morgan Chase & Co. (a)   5,905    1,245,128 
KeyCorp. (a)   1,841    30,837 
KKR & Co., Inc. (a)   1,388    181,245 
Loews Corp. (a)   382    30,197 
M&T Bank Corp. (a)   324    57,711 
MarketAxess Holdings, Inc. (a)   77    19,727 
Marsh & McLennan Cos., Inc. (a)   1,029    229,560 
Mastercard, Inc. Class A (a)   1,719    848,842 
MetLife, Inc. (a)   1,183    97,574 
Moody's Corp. (a)   313    148,547 
Morgan Stanley (a)   2,613    272,379 
MSCI, Inc. (a)   164    95,601 
Nasdaq, Inc. (a)   794    57,970 
Northern Trust Corp. (a)   350    31,511 
PayPal Holdings, Inc. (a) (b)   2,090    163,083 
PNC Financial Services Group, Inc. (a)   798    147,510 
Principal Financial Group, Inc. (a)   467    40,115 
Progressive Corp. (a)   1,230    312,125 
Prudential Financial, Inc. (a)   740    89,614 
Raymond James Financial, Inc. (a)   361    44,208 
Regions Financial Corp. (a)   1,556    36,301 
S&P Global, Inc. (a)   679    350,785 
State Street Corp. (a)   595    52,640 
Synchrony Financial (a)   743    37,061 
T. Rowe Price Group, Inc. (a)   444    48,365 
Travelers Cos., Inc. (a)   481    112,612 
Truist Financial Corp. (a)   2,797    119,628 
US Bancorp (a)   3,354    153,378 
Visa, Inc. Class A (a)   3,454    949,677 
W. R. Berkley Corp. (a)   706    40,051 
Wells Fargo & Co. (a)   7,032    397,238 
Willis Towers Watson PLC (a)   211    62,146 
         13,056,786 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Health Care — 11.5%          
Abbott Laboratories (a)   3,643   $415,338 
AbbVie, Inc. (a)   3,664    723,567 
Agilent Technologies, Inc. (a)   626    92,948 
Align Technology, Inc. (a) (b)   146    37,131 
Amgen, Inc. (a)   1,124    362,164 
Baxter International, Inc. (a)   1,042    39,565 
Becton Dickinson & Co. (a)   610    147,071 
Bio-Techne Corp. (a)   363    29,015 
Biogen, Inc. (a) (b)   313    60,672 
Boston Scientific Corp. (a) (b)   3,018    252,908 
Bristol-Myers Squibb Co. (a)   4,238    219,274 
Cardinal Health, Inc. (a)   516    57,028 
Catalent, Inc. (a) (b)   377    22,835 
Cencora, Inc. (a)   355    79,903 
Centene Corp. (a) (b)   1,128    84,916 
Charles River Laboratories International, Inc. (a) (b)   116    22,849 
Cigna Group (a)   576    199,549 
The Cooper Cos., Inc. (a) (b)   448    49,432 
CVS Health Corp. (a)   2,617    164,557 
Danaher Corp. (a)   1,320    366,986 
DaVita, Inc. (a) (b)   106    17,377 
Dexcom, Inc. (a) (b)   846    56,716 
Edwards Lifesciences Corp. (a) (b)   1,248    82,356 
Elevance Health, Inc. (a)   478    248,560 
Eli Lilly & Co. (a)   1,638    1,451,170 
GE HealthCare Technologies, Inc. (a) (b)   896    84,090 
Gilead Sciences, Inc. (a)   2,602    218,152 
HCA Healthcare, Inc. (a)   381    154,850 
Henry Schein, Inc. (a) (b)   261    19,027 
Hologic, Inc. (a) (b)   442    36,005 
Humana, Inc. (a)   255    80,769 
IDEXX Laboratories, Inc. (a) (b)   165    83,361 
Incyte Corp. (a) (b)   320    21,152 
Insulet Corp. (a) (b)   148    34,447 
Intuitive Surgical, Inc. (a) (b)   742    364,522 
IQVIA Holdings, Inc. (a) (b)   342    81,044 
Johnson & Johnson (a)   4,988    808,355 
Labcorp Holdings, Inc. (a)   182    40,673 
McKesson Corp. (a)   269    132,999 
Medtronic PLC (a)   2,620    235,879 
Merck & Co., Inc. (a)   5,256    596,871 
Mettler-Toledo International, Inc. (a) (b)   43    64,487 
Moderna, Inc. (a) (b)   709    47,382 
Molina Healthcare, Inc. (a) (b)   126    43,415 
Pfizer, Inc. (a)   11,886    343,981 
Quest Diagnostics, Inc. (a)   214    33,224 
Regeneron Pharmaceuticals, Inc. (a) (b)   219    230,222 
ResMed, Inc. (a)   310    75,677 
Revvity, Inc. (a)   273    34,876 
Solventum Corp. (a) (b)   285    19,870 
STERIS PLC (a)   206    49,963 
Stryker Corp. (a)   719    259,746 
Teleflex, Inc. (a)   106    26,216 
Thermo Fisher Scientific, Inc. (a)   796    492,382 
UnitedHealth Group, Inc. (a)   1,916    1,120,247 
Universal Health Services, Inc. Class B (a)   121    27,710 
Vertex Pharmaceuticals, Inc. (a) (b)   533    247,888 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Viatris, Inc. (a)   2,292   $26,610 
Waters Corp. (a) (b)   123    44,266 
West Pharmaceutical Services, Inc. (a)   144    43,223 
Zimmer Biomet Holdings, Inc. (a)   399    43,072 
Zoetis, Inc. (a)   930    181,703 
         11,732,243 
Industrials — 8.4%          
3M Co. (a)   1,165    159,255 
A.O. Smith Corp. (a)   241    21,649 
Allegion PLC (a)   194    28,274 
Amentum Holdings, Inc. (b)   280    9,030 
AMETEK, Inc. (a)   480    82,421 
Automatic Data Processing, Inc. (a)   831    229,963 
Axon Enterprise, Inc. (a) (b)   147    58,741 
Boeing Co. (a) (b)   1,207    183,512 
Broadridge Financial Solutions, Inc. (a)   262    56,338 
Builders FirstSource, Inc. (a) (b)   250    48,465 
C.H. Robinson Worldwide, Inc. (a)   274    30,241 
Carrier Global Corp. (a)   1,770    142,467 
Caterpillar, Inc. (a)   999    390,729 
Cintas Corp. (a)   717    147,616 
Copart, Inc. (a) (b)   1,814    95,054 
CSX Corp. (a)   4,064    140,330 
Cummins, Inc. (a)   297    96,166 
Dayforce, Inc. (a) (b) (c)   314    19,233 
Deere & Co. (a)   539    224,941 
Delta Air Lines, Inc. (a)   1,369    69,532 
Dover Corp. (a)   272    52,153 
Eaton Corp. PLC (a)   833    276,090 
Emerson Electric Co. (a)   1,230    134,525 
Equifax, Inc. (a)   254    74,640 
Expeditors International of Washington, Inc. (a)   318    41,785 
Fastenal Co. (a)   1,241    88,632 
FedEx Corp. (a)   465    127,261 
Fortive Corp. (a)   750    59,198 
GE Vernova, Inc. (a) (b)   575    146,613 
Generac Holdings, Inc. (a) (b)   124    19,701 
General Dynamics Corp. (a)   526    158,957 
General Electric Co. (a)   2,240    422,419 
Honeywell International, Inc. (a)   1,328    274,511 
Howmet Aerospace, Inc. (a)   796    79,799 
Hubbell, Inc. (a)   115    49,260 
Huntington Ingalls Industries, Inc. (a)   90    23,794 
IDEX Corp. (a)   161    34,535 
Illinois Tool Works, Inc. (a)   537    140,732 
Ingersoll Rand, Inc. (a)   831    81,571 
Jacobs Solutions, Inc. (a)   280    36,652 
JB Hunt Transport Services, Inc. (a)   169    29,124 
Johnson Controls International PLC (a)   1,399    108,576 
L3Harris Technologies, Inc. (a)   410    97,527 
Leidos Holdings, Inc. (a)   297    48,411 
Lockheed Martin Corp. (a)   443    258,960 
Masco Corp. (a)   439    36,850 
Nordson Corp. (a)   120    31,516 
Norfolk Southern Corp. (a)   480    119,280 
Northrop Grumman Corp. (a)   290    153,140 
Old Dominion Freight Line, Inc. (a)   372    73,894 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Otis Worldwide Corp. (a)   810   $84,191 
PACCAR, Inc. (a)   1,053    103,910 
Parker-Hannifin Corp. (a)   259    163,641 
Paychex, Inc. (a)   661    88,700 
Paycom Software, Inc. (a)   100    16,657 
Pentair PLC (a)   337    32,955 
Quanta Services, Inc. (a)   306    91,234 
Republic Services, Inc. (a)   415    83,349 
Rockwell Automation, Inc. (a)   239    64,162 
Rollins, Inc. (a)   651    32,928 
RTX Corp. (a)   2,814    340,944 
Snap-on, Inc. (a)   105    30,420 
Southwest Airlines Co. (a)   1,243    36,830 
Stanley Black & Decker, Inc. (a)   310    34,140 
Textron, Inc. (a)   371    32,863 
Trane Technologies PLC (a)   458    178,038 
TransDigm Group, Inc. (a)   114    162,693 
Uber Technologies, Inc. (a) (b)   4,384    329,501 
Union Pacific Corp. (a)   1,273    313,769 
United Airlines Holdings, Inc. (a) (b)   736    41,996 
United Parcel Service, Inc. Class B (a)   1,459    198,920 
United Rentals, Inc. (a)   132    106,884 
Veralto Corp. (a)   467    52,239 
Verisk Analytics, Inc. (a)   297    79,584 
W.W. Grainger, Inc. (a)   92    95,571 
Waste Management, Inc. (a)   759    157,568 
Westinghouse Air Brake Technologies Corp. (a)   355    64,528 
Xylem, Inc. (a)   525    70,891 
         8,603,169 
Information Technology — 31.3%          
Accenture PLC Class A (a)   1,315    464,826 
Adobe, Inc. (a) (b)   918    475,322 
Advanced Micro Devices, Inc. (a) (b)   3,353    550,160 
Akamai Technologies, Inc. (a) (b)   276    27,862 
Amphenol Corp. Class A (a)   2,558    166,679 
Analog Devices, Inc. (a)   1,033    237,766 
ANSYS, Inc. (a) (b)   184    58,628 
Apple, Inc. (a)   31,583    7,358,839 
Applied Materials, Inc. (a)   1,701    343,687 
Arista Networks, Inc. (a) (b)   540    207,263 
Autodesk, Inc. (a) (b)   442    121,762 
Broadcom, Inc. (a)   9,662    1,666,695 
Cadence Design Systems, Inc. (a) (b)   575    155,842 
CDW Corp. (a)   276    62,459 
Cisco Systems, Inc. (a)   8,463    450,401 
Cognizant Technology Solutions Corp. Class A (a)   1,057    81,579 
Corning, Inc. (a)   1,587    71,653 
Crowdstrike Holdings, Inc. Class A (a) (b)   489    137,150 
Dell Technologies, Inc. Class C (a)   588    69,702 
Enphase Energy, Inc. (a) (b)   287    32,437 
EPAM Systems, Inc. (a) (b)   107    21,296 
F5, Inc. (a) (b)   102    22,460 
Fair Isaac Corp. (a) (b)   51    99,120 
First Solar, Inc. (a) (b)   227    56,623 
Fortinet, Inc. (a) (b)   1,357    105,235 
Gartner, Inc. (a) (b)   163    82,602 
Gen Digital, Inc. (a)   1,143    31,352 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
GoDaddy, Inc. Class A (a) (b)   299   $46,877 
Hewlett Packard Enterprise Co. (a)   2,733    55,917 
HP, Inc. (a)   1,872    67,149 
Intel Corp. (a)   8,817    206,847 
International Business Machines Corp. (a)   1,903    420,715 
Intuit, Inc. (a)   586    363,906 
Jabil, Inc. (a)   254    30,437 
Juniper Networks, Inc. (a)   628    24,479 
Keysight Technologies, Inc. (a) (b)   351    55,784 
KLA Corp. (a)   285    220,707 
Lam Research Corp. (a)   271    221,158 
Microchip Technology, Inc. (a)   1,057    84,867 
Micron Technology, Inc. (a)   2,319    240,503 
Microsoft Corp. (a)   15,435    6,641,681 
Monolithic Power Systems, Inc. (a)   101    93,375 
Motorola Solutions, Inc. (a)   352    158,270 
NetApp, Inc. (a)   420    51,874 
NVIDIA Corp. (a)   51,093    6,204,734 
NXP Semiconductors NV (a)   544    130,565 
ON Semiconductor Corp. (a) (b)   928    67,382 
Oracle Corp. (a)   3,314    564,706 
Palantir Technologies, Inc. Class A (a) (b)   4,160    154,752 
Palo Alto Networks, Inc. (a) (b)   668    228,322 
PTC, Inc. (a) (b)   265    47,875 
Qorvo, Inc. (a) (b)   194    20,040 
QUALCOMM, Inc. (a)   2,341    398,087 
Roper Technologies, Inc. (a)   219    121,860 
Salesforce, Inc. (a)   2,002    547,967 
Seagate Technology Holdings PLC (a)   401    43,922 
ServiceNow, Inc. (a) (b)   424    379,221 
Skyworks Solutions, Inc. (a)   329    32,495 
Super Micro Computer, Inc. (a) (b)   107    44,555 
Synopsys, Inc. (a) (b)   323    163,564 
TE Connectivity PLC (a) (b)   621    93,765 
Teledyne Technologies, Inc. (a) (b)   86    37,639 
Teradyne, Inc. (a)   310    41,518 
Texas Instruments, Inc. (a)   1,887    389,798 
Trimble, Inc. (a) (b)   563    34,957 
Tyler Technologies, Inc. (a) (b)   91    53,119 
VeriSign, Inc. (a) (b)   165    31,343 
Western Digital Corp. (a) (b)   708    48,349 
Zebra Technologies Corp. Class A (a) (b)   105    38,884 
         32,063,365 
Materials — 2.2%          
Air Products & Chemicals, Inc. (a)   450    133,983 
Albemarle Corp. (a) (c)   238    22,541 
Amcor PLC (a)   3,035    34,387 
Avery Dennison Corp. (a)   187    41,282 
Ball Corp. (a)   645    43,802 
Celanese Corp. (a)   201    27,328 
CF Industries Holdings, Inc. (a)   372    31,918 
Corteva, Inc. (a)   1,443    84,834 
Dow, Inc. (a)   1,368    74,734 
DuPont de Nemours, Inc. (a)   885    78,862 
Eastman Chemical Co. (a)   242    27,092 
Ecolab, Inc. (a)   531    135,580 
FMC Corp. (a)   254    16,749 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Freeport-McMoRan, Inc. (a)   3,024   $150,958 
International Flavors & Fragrances, Inc. (a)   560    58,761 
International Paper Co. (a)   732    35,758 
Linde PLC (LIN US) (a)   992    473,045 
LyondellBasell Industries NV Class A (a)   587    56,293 
Martin Marietta Materials, Inc. (a)   129    69,434 
Mosaic Co. (a)   720    19,282 
Newmont Corp. (NEM US) (a)   2,441    130,471 
Nucor Corp. (a)   469    70,510 
Packaging Corp. of America (a)   159    34,249 
PPG Industries, Inc. (a)   503    66,627 
Sherwin-Williams Co. (a)   486    185,492 
Smurfit WestRock PLC (a)   974    48,135 
Steel Dynamics, Inc. (a)   293    36,941 
Vulcan Materials Co. (a)   280    70,120 
         2,259,168 
Real Estate — 2.3%          
Alexandria Real Estate Equities, Inc. (a)   349    41,444 
American Tower Corp. (a)   974    226,514 
AvalonBay Communities, Inc. (a)   300    67,575 
BXP, Inc. (a)   328    26,391 
Camden Property Trust (a)   260    32,118 
CBRE Group, Inc. Class A (a) (b)   630    78,422 
CoStar Group, Inc. (a) (b)   859    64,803 
Crown Castle, Inc. (a)   903    107,123 
Digital Realty Trust, Inc. (a)   630    101,953 
Equinix, Inc. (a)   195    173,088 
Equity Residential (a)   722    53,760 
Essex Property Trust, Inc. (a)   122    36,041 
Extra Space Storage, Inc. (a)   460    82,887 
Federal Realty Investment Trust (a)   55    6,323 
Healthpeak Properties, Inc. (a)   1,582    36,180 
Host Hotels & Resorts, Inc. (a)   1,224    21,542 
Invitation Homes, Inc. (a)   1,109    39,103 
Iron Mountain, Inc. (a)   620    73,675 
Kimco Realty Corp. (a)   1,452    33,716 
Mid-America Apartment Communities, Inc. (a)   241    38,295 
Prologis, Inc. (a)   1,892    238,922 
Public Storage (a)   345    125,535 
Realty Income Corp. (a)   1,779    112,824 
Regency Centers Corp. (a)   293    21,163 
SBA Communications Corp. (a)   219    52,713 
Simon Property Group, Inc. (a)   653    110,370 
UDR, Inc. (a)   640    29,018 
Ventas, Inc. (a)   810    51,945 
VICI Properties, Inc. (a)   2,099    69,918 
Welltower, Inc. (a)   1,196    153,124 
Weyerhaeuser Co. (a)   1,492    50,519 
         2,357,004 
Utilities — 2.5%          
AES Corp. (a)   1,400    28,084 
Alliant Energy Corp. (a)   481    29,192 
Ameren Corp. (a)   613    53,613 
American Electric Power Co., Inc. (a)   1,078    110,603 
American Water Works Co., Inc. (a)   428    62,591 

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Atmos Energy Corp. (a)   302   $41,890 
CenterPoint Energy, Inc. (a)   1,254    36,893 
CMS Energy Corp. (a)   454    32,066 
Consolidated Edison, Inc. (a)   664    69,142 
Constellation Energy Corp. (a)   646    167,973 
Dominion Energy, Inc. (a)   1,813    104,773 
DTE Energy Co. (a)   450    57,785 
Duke Energy Corp. (a)   1,605    185,057 
Edison International (a)   816    71,065 
Entergy Corp. (a)   502    66,068 
Evergy, Inc. (a)   381    23,626 
Eversource Energy (a)   811    55,189 
Exelon Corp. (a)   1,879    76,193 
FirstEnergy Corp. (a)   1,189    52,732 
NextEra Energy, Inc. (a)   4,250    359,252 
NiSource, Inc. (a)   1,069    37,041 
NRG Energy, Inc. (a)   420    38,262 
PG&E Corp. (a)   4,783    94,560 
Pinnacle West Capital Corp. (a)   241    21,350 
PPL Corp. (a)   1,387    45,882 
Public Service Enterprise Group, Inc. (a)   1,052    93,849 
Sempra (a)   1,384    115,744 
Southern Co. (a)   2,276    205,250 
Vistra Corp. (a)   704    83,452 
WEC Energy Group, Inc. (a)   646    62,132 
Xcel Energy, Inc. (a)   1,133    73,985 
         2,555,294 
           
TOTAL COMMON STOCK
(Cost $54,137,476)
        101,150,260 
           
TOTAL EQUITIES
(Cost $54,137,476)
        101,150,260 
           
           
   Principal
Amount
    
BONDS & NOTES — 0.0%          
CORPORATE DEBT — 0.0%          
Forest Products & Paper — 0.0%          
Sino Forest Corp.          
5.000% 8/01/49 (a) (d) (e)  $359,000     
           
TOTAL CORPORATE DEBT
(Cost $0)
         
           
TOTAL BONDS & NOTES
(Cost $0)
         
           
TOTAL PURCHASED
OPTIONS(#) — 0.6%
(Cost $1,028,838)
        621,475 
           
   Number of
Shares
    
RIGHTS — 0.0%          
Health Care — 0.0%          
Abiomed, Inc., CVR (a) (b) (d) (e)   136     

 

 

 

 

MML Managed Volatility Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
TOTAL RIGHTS
(Cost $139)
       $ 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $55,166,453)
        101,771,735 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 1.6%          
Repurchase Agreement — 1.6%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (f)  $1,663,797   1,663,797 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $1,663,797)
        1,663,797 
           
TOTAL INVESTMENTS — 101.0%
(Cost $56,830,250) (g)
        103,435,532 
           
Other Assets/(Liabilities) — (1.0)%        (1,036,078) 
           
NET ASSETS — 100.0%       $102,399,454 

 

Abbreviation Legend

CVR Contingent Value Rights

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) All or a portion of this security is pledged/held as collateral for open derivatives.
(b) Non-income producing security.
(c) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $32,136 or 0.03% of net assets. The Fund received $32,804 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(d) Investment is valued using significant unobservable inputs.
(e) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2024, these securities amounted to a value of $0 or 0.00% of net assets.
(f) Maturity value of $1,663,867. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $1,697,122.
(g) See Note 3 for aggregate cost for federal tax purposes.

 

(#) Exchange-Traded Options Purchased
Description  Expiration Date  Exercise Price   No. of Contracts   Notional
Amount
  Value   Premiums Paid/(Received)   Unrealized Appreciation (Depreciation) 
Put       
S&P 500 Index  11/15/24   5,150.00    25   USD   12,875,000   $50,250   $121,613   $(71,363)
S&P 500 Index  11/15/24   5,200.00    25   USD   13,000,000    56,300    113,637    (57,337)
S&P 500 Index  12/20/24   4,950.00    25   USD   12,375,000    69,550    199,438    (129,888)
S&P 500 Index  12/20/24   5,050.00    25   USD   12,625,000    75,000    139,588    (64,588)
S&P 500 Index  12/20/24   5,300.00    25   USD   13,250,000    126,125    138,462    (12,337)
S&P 500 Index  1/17/25   5,050.00    25   USD   12,625,000    111,750    166,663    (54,913)
S&P 500 Index  1/17/25   5,200.00    25   USD   13,000,000    132,500    149,437    (16,937) 
                        $621,475   $1,028,838   $(407,363)

 

Exchange-Traded Options Written
Description  Expiration Date  Exercise Price   No. of Contracts   Notional
Amount
  Value   Premiums Paid/(Received)   Unrealized Appreciation (Depreciation) 
Call       
S&P 500 Index  10/18/24   5,650.00    19   USD   10,735,000   $(275,690)   $(159,003)   $(116,687)
S&P 500 Index  10/18/24   5,850.00    20   USD   11,700,000    (52,980)    (86,470)    33,490
S&P 500 Index  10/18/24   5,875.00    19   USD   11,162,500    (35,720)    (86,910)    51,190
S&P 500 Index  10/18/24   5,900.00    19   USD   11,210,000    (24,833)    (87,999)    63,166
S&P 500 Index  11/15/24   5,650.00    20   USD   11,300,000    (392,280)    (259,310)    (132,970)
S&P 500 Index  11/15/24   5,700.00    19   USD   10,830,000    (327,674)    (194,360)    (133,314)
S&P 500 Index  11/15/24   5,900.00    20   USD   11,800,000    (125,080)    (98,618)    (26,462)
S&P 500 Index  12/20/24   5,900.00    20   USD   11,800,000    (209,480)    (200,530)    (8,950)
S&P 500 Index  12/20/24   6,000.00    19   USD   11,400,000    (119,244)    (99,825)    (19,419) 
                        $(1,562,981)   $(1,273,025)   $(289,956)

 

Currency Legend

USD U.S. Dollar

 

 

 

MML Mid Cap Growth Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 96.5%          
           
COMMON STOCK — 96.3%          
Communication Services — 6.5%          
Liberty Media Corp-Liberty Formula One Class C (a)   60,317   $4,670,345 
Match Group, Inc. (a) (b)   39,495    1,494,491 
New York Times Co. Class A   26,500    1,475,255 
Pinterest, Inc. Class A (a)   79,541    2,574,742 
Reddit, Inc. Class A (a) (b)   11,970    789,063 
Roku, Inc. (a)   8,000    597,280 
Spotify Technology SA (a)   4,800    1,768,944 
Take-Two Interactive Software, Inc. (a) (b)   15,455    2,375,588 
Trade Desk, Inc. Class A (a)   55,600    6,096,540 
         21,842,248 
Consumer Discretionary — 11.4%          
Bath & Body Works, Inc.   38,377    1,224,994 
Birkenstock Holding PLC (a)   15,157    747,089 
Bright Horizons Family Solutions, Inc. (a)   9,000    1,261,170 
Burlington Stores, Inc. (a)   8,843    2,329,954 
Domino's Pizza, Inc.   9,702    4,173,218 
DraftKings, Inc. Class A (a)   132,687    5,201,330 
Five Below, Inc. (a)   13,400    1,183,890 
Hilton Worldwide Holdings, Inc.   14,600    3,365,300 
Lululemon Athletica, Inc. (a)   2,400    651,240 
O'Reilly Automotive, Inc. (a)   2,084    2,399,934 
On Holding AG, Class A (a)   38,783    1,944,967 
Planet Fitness, Inc. Class A (a) (b)   15,700    1,275,154 
Ross Stores, Inc.   37,447    5,636,148 
Tractor Supply Co.   2,185    635,682 
Ulta Beauty, Inc. (a)   4,899    1,906,299 
Viking Holdings Ltd. (a)   32,130    1,121,016 
Yum! Brands, Inc.   23,607    3,298,134 
         38,355,519 
Consumer Staples — 4.0%          
Boston Beer Co., Inc. Class A (a)   1,594    460,889 
Casey's General Stores, Inc.   6,300    2,366,973 
Constellation Brands, Inc. Class A   4,400    1,133,836 
Dollar General Corp.   5,374    454,479 
Dollar Tree, Inc. (a)   35,829    2,519,496 
elf Beauty, Inc. (a) (b)   10,674    1,163,786 
Freshpet, Inc. (a)   14,313    1,957,589 
Maplebear, Inc. (a)   15,900    647,766 
McCormick & Co., Inc.   11,700    962,910 
Reynolds Consumer Products, Inc.   31,800    988,980 
TreeHouse Foods, Inc. (a) (b)   18,607    781,122 
         13,437,826 

 

 

 

 

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

 

   Number of
Shares
   Value 
Energy — 4.4%          
Cheniere Energy, Inc.   39,440   $7,092,889 
Chesapeake Energy Corp. (b)   13,500    1,110,375 
EQT Corp.   59,200    2,169,088 
Range Resources Corp.   27,100    833,596 
TechnipFMC PLC   98,008    2,570,750 
Weatherford International PLC   10,400    883,168 
         14,659,866 
Financials — 8.8%          
ARES Management Corp. Class A   26,994    4,206,745 
Assurant, Inc.   15,600    3,102,216 
Axis Capital Holdings Ltd.   11,600    923,476 
Cboe Global Markets, Inc.   10,200    2,089,674 
Corpay, Inc. (a)   7,200    2,251,872 
Intercontinental Exchange, Inc.   14,000    2,248,960 
KKR & Co., Inc.   3,500    457,030 
Markel Group, Inc. (a)   550    862,719 
MarketAxess Holdings, Inc.   8,000    2,049,600 
Nasdaq, Inc.   36,888    2,693,193 
Raymond James Financial, Inc.   15,700    1,922,622 
Toast, Inc., Class A (a) (b)   47,200    1,336,232 
TPG, Inc.   6,000    345,360 
Tradeweb Markets, Inc. Class A   41,111    5,084,197 
         29,573,896 
Health Care — 20.5%          
Acadia Healthcare Co., Inc. (a) (b)   23,800    1,509,158 
Agilent Technologies, Inc.   31,400    4,662,272 
Alcon, Inc.   25,000    2,501,750 
Align Technology, Inc. (a)   17,560    4,465,859 
Alnylam Pharmaceuticals, Inc. (a)   19,772    5,437,893 
Apellis Pharmaceuticals, Inc. (a)   9,550    275,422 
Argenx SE ADR (a)   1,823    988,212 
Ascendis Pharma AS ADR (a)   5,782    863,310 
Avantor, Inc. (a) (b)   157,900    4,084,873 
Biogen, Inc. (a)   10,100    1,957,784 
Bruker Corp.   36,058    2,490,165 
The Cooper Cos., Inc. (a)   26,900    2,968,146 
CRISPR Therapeutics AG (a) (b)   8,175    384,061 
Cytokinetics, Inc. (a) (b)   16,100    850,080 
Enovis Corp. (a)   25,978    1,118,353 
Exact Sciences Corp. (a) (b)   33,958    2,313,219 
Hologic, Inc. (a)   83,100    6,769,326 
ICON PLC (a)   6,480    1,861,769 
Insmed, Inc. (a)   2,074    151,402 
Ionis Pharmaceuticals, Inc. (a) (b)   42,216    1,691,173 
Mettler-Toledo International, Inc. (a)   990    1,484,703 
Molina Healthcare, Inc. (a)   6,100    2,101,816 
Natera, Inc. (a)   16,012    2,032,723 
Penumbra, Inc. (a)   225    43,720 
Quidelortho Corp. (a) (b)   25,733    1,173,425 
Sarepta Therapeutics, Inc. (a)   7,220    901,706 
Teleflex, Inc.   22,740    5,624,057 
Vaxcyte, Inc. (a)   6,530    746,183 
Veeva Systems, Inc. Class A (a)   32,365    6,792,443 

 

 

 

 

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

 

   Number of
Shares
   Value 
West Pharmaceutical Services, Inc.   2,835   $850,954 
         69,095,957 
Industrials — 15.2%          
Axon Enterprise, Inc. (a)   6,854    2,738,858 
Broadridge Financial Solutions, Inc.   10,400    2,236,312 
Builders FirstSource, Inc. (a)   8,439    1,635,985 
BWX Technologies, Inc.   43,097    4,684,644 
Clean Harbors, Inc. (a)   14,554    3,517,847 
Equifax, Inc.   10,700    3,144,302 
Esab Corp.   24,683    2,624,050 
Ferguson Enterprises, Inc.   6,400    1,270,848 
Fortive Corp.   37,071    2,926,014 
GE Vernova, Inc. (a)   6,199    1,580,621 
Howmet Aerospace, Inc.   5,000    501,250 
IDEX Corp.   6,600    1,415,700 
Ingersoll Rand, Inc.   39,600    3,887,136 
ITT, Inc.   2,000    299,020 
JB Hunt Transport Services, Inc.   20,400    3,515,532 
Paylocity Holding Corp. (a)   14,283    2,356,266 
Quanta Services, Inc.   3,000    894,450 
Southwest Airlines Co. (b)   4,000    118,520 
Textron, Inc.   49,593    4,392,948 
TransUnion   14,203    1,487,054 
UL Solutions, Inc. Class A   7,092    349,636 
United Rentals, Inc.   2,270    1,838,087 
Veralto Corp.   12,800    1,431,808 
Verisk Analytics, Inc.   5,500    1,473,780 
Waste Connections, Inc.   5,300    947,746 
         51,268,414 
Information Technology — 20.3%          
Amphenol Corp. Class A   22,100    1,440,036 
Aspen Technology, Inc. (a) (b)   7,932    1,894,320 
Atlassian Corp. Class A (a)   7,100    1,127,551 
CCC Intelligent Solutions Holdings, Inc. (a)   200,201    2,212,221 
CDW Corp.   19,593    4,433,896 
Cognex Corp. (b)   21,200    858,600 
Coherent Corp. (a)   23,914    2,126,194 
Crowdstrike Holdings, Inc. Class A (a)   1,310    367,416 
Fair Isaac Corp. (a)   1,400    2,720,928 
Fortinet, Inc. (a)   26,400    2,047,320 
Gartner, Inc. (a)   6,247    3,165,730 
HubSpot, Inc. (a)   5,381    2,860,539 
Keysight Technologies, Inc. (a)   16,000    2,542,880 
Lattice Semiconductor Corp. (a) (b)   60,500    3,210,735 
Littelfuse, Inc. (b)   1,600    424,400 
Marvell Technology, Inc.   126,474    9,121,305 
Microchip Technology, Inc.   71,300    5,724,677 
MongoDB, Inc. (a)   8,660    2,341,231 
Monolithic Power Systems, Inc.   3,611    3,338,369 
NXP Semiconductors NV   5,400    1,296,054 
Onestream, Inc. (a)   8,870    300,693 
PTC, Inc. (a)   34,521    6,236,564 
Pure Storage, Inc. Class A (a)   24,600    1,235,904 
Roper Technologies, Inc.   1,250    695,550 
Silicon Laboratories, Inc. (a) (b)   16,323    1,886,449 

 

 

 

 

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

 

   Number of
Shares
   Value 
Tyler Technologies, Inc. (a)   5,800   $3,385,576 
Zoom Video Communications, Inc. Class A (a)   20,200    1,408,748 
         68,403,886 
Materials — 4.1%          
Avery Dennison Corp.   15,700    3,465,932 
Ball Corp.   64,947    4,410,551 
Martin Marietta Materials, Inc.   6,260    3,369,445 
RPM International, Inc.   9,700    1,173,700 
Sealed Air Corp.   37,500    1,361,250 
         13,780,878 
Real Estate — 1.1%          
CoStar Group, Inc. (a)   19,954    1,505,330 
SBA Communications Corp.   9,484    2,282,799 
         3,788,129 
           
TOTAL COMMON STOCK
(Cost $248,611,947)
        324,206,619 
           
PREFERRED STOCK — 0.2%          
Consumer Discretionary — 0.0%          
Nuro, Inc., Series D, (Acquired 10/29/21, Cost $159,220)          
(a) (c) (d) (e)   7,638    31,239 
Health Care — 0.0%          
Caris Life Sciences, Inc., Series D, (Acquired 5/11/21, Cost $271,366)          
(a) (c) (d) (e)   33,502    121,947 
Industrials — 0.0%          
Sila Nanotechnologies, Inc., Series F, (Acquired 1/07/21, Cost $407,982)          
(a) (c) (d) (e)   9,885    193,289 
Information Technology — 0.1%          
Databricks, Inc., Series H, (Acquired 8/31/21, Cost $185,327)          
(a) (c) (d) (e)   2,522    220,347 
Materials — 0.1%          
Redwood Materials, Inc., Series C, (Acquired 5/28/21, Cost $200,090)          
(a) (c) (d) (e)   4,221    217,466 
           
TOTAL PREFERRED STOCK
(Cost $1,223,984)
        784,288 
           
TOTAL EQUITIES
(Cost $249,835,931)
        324,990,907 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $249,835,931)
        324,990,907 
           
           
SHORT-TERM INVESTMENTS — 3.8%          
Investment of Cash Collateral from Securities Loaned — 0.1%          
State Street Navigator Securities Lending Government Money Market Portfolio (f)   245,146    245,146 
Mutual Fund — 0.0%          
T. Rowe Price Treasury Reserve Fund   112    112 

 

 

 

 

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

 

   Principal
Amount
   Value 
Repurchase Agreement — 3.7%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (g)  $12,434,095   $12,434,095 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $12,679,353)
        12,679,353 
           
TOTAL INVESTMENTS — 100.3%
(Cost $262,515,284) (h)
        337,670,260 
           
Other Assets/(Liabilities) — (0.3)%        (944,673) 
           
NET ASSETS — 100.0%       $336,725,587 

 

Abbreviation Legend

ADR American Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $28,717,812 or 8.53% of net assets. The Fund received $29,026,879 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Restricted security. Certain securities are restricted to resale. At September 30, 2024, these securities amounted to a value of $784,288 or 0.23% of net assets. The Fund generally bears the costs, if any, associated with the disposition of restricted securities.
(d) Investment is valued using significant unobservable inputs.
(e) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2024, these securities amounted to a value of $784,288 or 0.23% of net assets.
(f) Represents investment of security lending cash collateral. (Note 2).
(g) Maturity value of $12,434,620. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity dates ranging from 4/30/26 - 5/31/26, and an aggregate market value, including accrued interest, of $12,683,149.
(h) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

 

MML Mid Cap Value Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.2%          
           
COMMON STOCK — 98.5%          
Communication Services — 2.6%          
BCE, Inc. (a)   57,301   $1,992,157 
Fox Corp. Class B   19,468    755,358 
Interpublic Group of Cos., Inc.   110,731    3,502,422 
Omnicom Group, Inc.   5,991    619,410 
         6,869,347 
Consumer Discretionary — 2.2%          
Aptiv PLC (b)   17,196    1,238,284 
BorgWarner, Inc.   43,282    1,570,704 
Darden Restaurants, Inc.   9,200    1,509,996 
Mohawk Industries, Inc. (b)   9,206    1,479,220 
         5,798,204 
Consumer Staples — 10.6%          
Conagra Brands, Inc.   176,802    5,749,601 
Dollar Tree, Inc. (b)   29,712    2,089,348 
General Mills, Inc.   43,259    3,194,677 
Heineken NV (a)   23,969    2,125,257 
Kenvue, Inc.   128,237    2,966,122 
Kimberly-Clark Corp.   25,346    3,606,229 
Koninklijke Ahold Delhaize NV   128,626    4,444,278 
Pernod Ricard SA   17,685    2,673,085 
Reckitt Benckiser Group PLC   25,694    1,573,444 
         28,422,041 
Energy — 5.6%          
Baker Hughes Co.   89,287    3,227,725 
Coterra Energy, Inc.   78,309    1,875,500 
Enterprise Products Partners LP (c)   181,628    5,287,191 
EQT Corp.   62,898    2,304,583 
Occidental Petroleum Corp.   48,091    2,478,610 
         15,173,609 
Financials — 16.0%          
Aflac, Inc.   7,770    868,686 
AllianceBernstein Holding LP (c)   29,270    1,021,230 
Allstate Corp.   25,739    4,881,401 
Bank of New York Mellon Corp.   68,106    4,894,097 
Commerce Bancshares, Inc.   33,354    1,981,228 
Edenred SE   35,986    1,365,118 
First Hawaiian, Inc.   58,158    1,346,358 
Hanover Insurance Group, Inc.   17,145    2,539,346 
Northern Trust Corp.   61,795    5,563,404 
PNC Financial Services Group, Inc.   6,758    1,249,216 

 

 

 

 

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

 

   Number of
Shares
   Value 
Reinsurance Group of America, Inc.   6,163   $1,342,733 
T. Rowe Price Group, Inc.   27,560    3,002,111 
Truist Financial Corp.   80,947    3,462,103 
US Bancorp   79,805    3,649,483 
Westamerica BanCorp   28,060    1,386,725 
Willis Towers Watson PLC   14,714    4,333,714 
         42,886,953 
Health Care — 16.2%          
Becton Dickinson & Co.   14,526    3,502,219 
Cardinal Health, Inc.   30,804    3,404,458 
Cencora, Inc.   2,948    663,536 
Centene Corp. (b)   31,950    2,405,196 
DENTSPLY SIRONA, Inc.   60,327    1,632,449 
Envista Holdings Corp. (b)   89,250    1,763,580 
GE HealthCare Technologies, Inc. (b)   29,172    2,737,792 
Henry Schein, Inc. (b)   76,350    5,565,915 
Hologic, Inc. (b)   23,552    1,918,546 
Labcorp Holdings, Inc.   14,832    3,314,655 
Medtronic PLC   24,609    2,215,548 
Quest Diagnostics, Inc.   28,010    4,348,552 
Universal Health Services, Inc. Class B   8,883    2,034,296 
Zimmer Biomet Holdings, Inc.   74,349    8,025,975 
         43,532,717 
Industrials — 15.0%          
Atkore, Inc.   5,793    490,899 
Beacon Roofing Supply, Inc. (b)   35,315    3,052,275 
Bunzl PLC   45,062    2,131,892 
CSX Corp.   53,207    1,837,238 
Cummins, Inc.   4,199    1,359,594 
Dover Corp.   3,570    684,512 
Emerson Electric Co.   44,778    4,897,370 
Huntington Ingalls Industries, Inc.   7,434    1,965,401 
Johnson Controls International PLC   17,079    1,325,501 
L3Harris Technologies, Inc.   8,012    1,905,814 
MSC Industrial Direct Co., Inc. Class A   41,362    3,559,614 
Norfolk Southern Corp.   15,642    3,887,037 
Oshkosh Corp.   29,840    2,990,266 
Republic Services, Inc.   5,131    1,030,510 
Southwest Airlines Co. (a)   108,173    3,205,166 
Timken Co.   16,470    1,388,256 
Vinci SA   27,133    3,174,562 
Weir Group PLC   49,210    1,426,102 
         40,312,009 
Information Technology — 5.9%          
Amdocs Ltd.   39,730    3,475,580 
Cognizant Technology Solutions Corp. Class A   21,508    1,659,987 
F5, Inc. (b)   12,811    2,820,982 
HP, Inc.   90,660    3,251,974 
Juniper Networks, Inc.   26,571    1,035,738 
ON Semiconductor Corp. (b)   17,501    1,270,748 
TE Connectivity PLC (b)   14,546    2,196,301 
         15,711,310 

 

 

 

 

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

 

   Number of
Shares
   Value 
Materials — 3.0%          
Akzo Nobel NV   35,047   $2,471,991 
Graphic Packaging Holding Co.   97,106    2,873,367 
Packaging Corp. of America   12,858    2,769,613 
         8,114,971 
Real Estate — 9.1%          
Agree Realty Corp.   32,996    2,485,589 
Equity Residential   47,418    3,530,744 
Essex Property Trust, Inc.   5,513    1,628,650 
Healthpeak Properties, Inc.   88,873    2,032,525 
Public Storage   7,817    2,844,372 
Realty Income Corp.   70,218    4,453,226 
Regency Centers Corp.   34,787    2,512,665 
Ventas, Inc.   39,412    2,527,492 
VICI Properties, Inc.   69,198    2,304,985 
         24,320,248 
Utilities — 12.3%          
CMS Energy Corp.   4,519    319,177 
Duke Energy Corp.   21,934    2,528,990 
Edison International   52,597    4,580,673 
Evergy, Inc.   57,762    3,581,822 
Eversource Energy   57,807    3,933,766 
Northwestern Energy Group, Inc.   84,255    4,821,071 
ONE Gas, Inc.   36,859    2,743,047 
Spire, Inc.   40,250    2,708,422 
WEC Energy Group, Inc.   38,149    3,669,171 
Xcel Energy, Inc.   60,779    3,968,869 
         32,855,008 
           
TOTAL COMMON STOCK
(Cost $249,749,093)
        263,996,417 
           
PREFERRED STOCK — 0.7%          
Consumer Staples — 0.7%          
Henkel AG & Co. KGaA 2.197%          
   20,708    1,945,775 
           
TOTAL PREFERRED STOCK
(Cost $1,420,336)
        1,945,775 
           
TOTAL EQUITIES
(Cost $251,169,429)
        265,942,192 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $251,169,429)
        265,942,192 
           
           
SHORT-TERM INVESTMENTS — 1.7%          
Investment of Cash Collateral from Securities Loaned — 0.0%          
State Street Navigator Securities Lending Government Money Market Portfolio (d)   48,575    48,575 

 

 

 

 

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

 

   Principal
Amount
   Value 
Repurchase Agreement — 1.7%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (e)  $4,428,275   $4,428,275 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $4,476,850)
        4,476,850 
           
TOTAL INVESTMENTS — 100.9%
(Cost $255,646,279) (f)
        270,419,042 
           
Other Assets/(Liabilities) — (0.9)%        (2,531,079) 
           
NET ASSETS — 100.0%       $267,887,963 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $6,954,837 or 2.60% of net assets. The Fund received $7,236,523 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(b) Non-income producing security.
(c) Security is a Master Limited Partnership.
(d) Represents investment of security lending cash collateral. (Note 2).
(e) Maturity value of $4,428,461. Collateralized by U.S. Government Agency obligations with a rate of 0.750%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $4,516,840.
(f) See Note 3 for aggregate cost for federal tax purposes.

 

Forward contracts
Counterparty  Settlement Date  Currency Purchased  Currency Sold  Unrealized Appreciation (Depreciation) 
Bank of America N.A.  12/20/24  GBP  87,880   USD  117,659    (189) 
Bank of America N.A.  12/20/24  USD  2,282,758   GBP  1,713,139    (7,216) 
Bank of America N.A.  12/20/24  USD  1,750,430   CAD  2,358,039    3,343 
Citibank N.A.  12/20/24  USD  3,873,822   EUR  3,469,054    (137) 
Goldman Sachs & Co.  12/20/24  USD  2,283,443   GBP  1,713,139    (6,530) 
Goldman Sachs & Co.  12/20/24  USD  3,871,048   EUR  3,469,054    (2,910) 
JP Morgan Chase Bank N.A.  12/20/24  USD  3,873,528   EUR  3,469,054    (430) 
UBS AG  12/20/24  USD  4,261,849   EUR  3,819,432    (3,383)
                    $(17,452)

 

Currency Legend

CAD Canadian Dollar
EUR Euro
GBP British Pound
USD U.S. Dollar

 

 

 

MML Small Cap Growth Equity Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.4%          
           
COMMON STOCK — 99.4%          
Communication Services — 3.3%          
Cargurus, Inc. (a)   54,546   $1,638,016 
Cinemark Holdings, Inc. (a)   35,814    997,062 
Criteo SA Sponsored ADR (a)   21,232    854,375 
New York Times Co. Class A   19,322    1,075,656 
Ziff Davis, Inc. (a) (b)   10,400    506,064 
         5,071,173 
Consumer Discretionary — 11.3%          
Abercrombie & Fitch Co. Class A (a)   4,632    648,017 
Acushnet Holdings Corp. (b)   8,549    544,999 
American Eagle Outfitters, Inc.   38,576    863,717 
Boot Barn Holdings, Inc. (a)   9,860    1,649,381 
Carter's, Inc.   8,614    559,738 
Century Communities, Inc.   6,449    664,118 
Champion Homes, Inc. (a)   25,845    2,451,398 
Crocs, Inc. (a)   4,863    704,211 
Dutch Bros, Inc. Class A (a)   12,463    399,190 
European Wax Center, Inc. Class A (a) (b)   7,532    51,217 
Genius Sports Ltd. (a) (b)   107,849    845,536 
Global-e Online Ltd. (a) (b)   16,642    639,718 
Goodyear Tire & Rubber Co. (a)   61,332    542,788 
H&R Block, Inc.   18,176    1,155,085 
Modine Manufacturing Co. (a)   6,220    825,954 
Patrick Industries, Inc. (b)   5,396    768,228 
Shake Shack, Inc. Class A (a)   7,793    804,315 
Steven Madden Ltd. (b)   16,102    788,837 
Stride, Inc. (a)   6,477    552,553 
Visteon Corp. (a)   4,961    472,486 
Wingstop, Inc.   2,383    991,519 
YETI Holdings, Inc. (a)   14,559    597,356 
         17,520,361 
Consumer Staples — 2.2%          
BellRing Brands, Inc. (a)   19,521    1,185,315 
elf Beauty, Inc. (a) (b)   4,727    515,385 
Freshpet, Inc. (a)   6,657    910,478 
Simply Good Foods Co. (a)   21,338    741,922 
         3,353,100 
Energy — 4.8%          
Cactus, Inc. Class A   20,827    1,242,747 
Gulfport Energy Corp. (a)   6,414    970,759 
Magnolia Oil & Gas Corp. Class A   29,522    720,927 
Seadrill Ltd. (a)   29,585    1,175,708 

 

 

 

 

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

 

   Number of
Shares
   Value 
Sitio Royalties Corp. Class A (b)   32,197   $670,986 
Viper Energy, Inc.   59,666    2,691,533 
         7,472,660 
Financials — 11.1%          
Ameris Bancorp   18,224    1,136,995 
Assured Guaranty Ltd.   11,127    884,819 
Banner Corp.   16,235    966,957 
Cadence Bank   58,363    1,858,862 
HA Sustainable Infrastructure Capital, Inc. (b)   57,883    1,995,227 
Hamilton Lane, Inc. Class A (b)   3,912    658,742 
Hancock Whitney Corp.   19,649    1,005,439 
Kemper Corp.   10,078    617,277 
MGIC Investment Corp.   29,153    746,317 
National Bank Holdings Corp. Class A (b)   25,131    1,058,015 
PJT Partners, Inc. Class A (b)   14,603    1,947,164 
PRA Group, Inc. (a)   35,566    795,256 
Seacoast Banking Corp. of Florida   35,138    936,428 
SiriusPoint Ltd. (a)   63,583    911,780 
StepStone Group, Inc. Class A   12,773    725,890 
UMB Financial Corp.   9,213    968,378 
         17,213,546 
Health Care — 20.8%          
Acadia Healthcare Co., Inc. (a) (b)   21,478    1,361,920 
Akero Therapeutics, Inc. (a)   24,947    715,729 
Alignment Healthcare, Inc. (a)   39,681    469,029 
Apellis Pharmaceuticals, Inc. (a)   12,748    367,652 
Apogee Therapeutics, Inc. (a)   12,253    719,741 
Avidity Biosciences, Inc. (a)   19,833    910,930 
Axsome Therapeutics, Inc. (a)   4,395    394,979 
Blueprint Medicines Corp. (a)   6,756    624,930 
Celldex Therapeutics, Inc. (a)   15,536    528,069 
Crinetics Pharmaceuticals, Inc. (a)   22,213    1,135,084 
Cytokinetics, Inc. (a)   15,046    794,429 
Disc Medicine, Inc. (a) (b)   13,714    673,906 
Evolent Health, Inc. Class A (a) (b)   27,040    764,691 
Geron Corp. (a)   83,521    379,185 
Glaukos Corp. (a)   9,153    1,192,453 
Globus Medical, Inc. Class A (a)   11,010    787,655 
Haemonetics Corp. (a) (b)   22,601    1,816,668 
HealthEquity, Inc. (a)   9,436    772,337 
Hims & Hers Health, Inc. (a)   40,949    754,280 
Immatics NV (a)   48,279    550,863 
Immunocore Holdings PLC ADR (a)   4,891    152,257 
Insmed, Inc. (a)   8,854    646,342 
Inspire Medical Systems, Inc. (a) (b)   4,080    861,084 
Intellia Therapeutics, Inc. (a)   6,978    143,398 
Intra-Cellular Therapies, Inc. (a)   8,404    614,921 
Kymera Therapeutics, Inc. (a)   13,811    653,675 
Longboard Pharmaceuticals, Inc. (a)   9,971    332,333 
Merus NV (a)   15,610    779,876 
Myriad Genetics, Inc. (a)   27,473    752,485 
Nurix Therapeutics, Inc. (a)   32,113    721,579 
Nuvalent, Inc., Class A (a)   2,250    230,175 
PROCEPT BioRobotics Corp. (a)   31,515    2,524,982 
Prothena Corp. PLC (a) (b)   4,575    76,540 

 

 

 

 

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

 

   Number of
Shares
   Value 
PTC Therapeutics, Inc. (a)   8,468   $314,163 
REVOLUTION Medicines, Inc. (a)   22,977    1,042,007 
Rocket Pharmaceuticals, Inc. (a) (b)   29,776    549,963 
Savara, Inc. (a)   58,295    247,171 
Spyre Therapeutics, Inc. (a) (b)   11,042    324,745 
Structure Therapeutics, Inc. ADR (a) (b)   11,811    518,385 
Surgery Partners, Inc. (a)   23,324    751,966 
Syndax Pharmaceuticals, Inc. (a)   18,604    358,127 
TransMedics Group, Inc. (a)   4,747    745,279 
Twist Bioscience Corp. (a)   9,211    416,153 
Ultragenyx Pharmaceutical, Inc. (a)   6,757    375,351 
Vaxcyte, Inc. (a)   10,147    1,159,498 
Veracyte, Inc. (a)   11,640    396,226 
Verona Pharma PLC ADR (a) (b)   13,511    388,711 
Xenon Pharmaceuticals, Inc. (a)   8,621    339,409 
         32,131,331 
Industrials — 24.1%          
Acuity Brands, Inc.   2,854    785,963 
Air Lease Corp.   19,177    868,526 
Ameresco, Inc. Class A (a) (b)   28,859    1,094,910 
Applied Industrial Technologies, Inc.   10,331    2,305,156 
Aris Water Solutions, Inc. Class A   19,388    327,076 
Atmus Filtration Technologies, Inc.   22,517    845,063 
AZEK Co., Inc. (a)   57,307    2,681,968 
Boise Cascade Co.   6,964    981,785 
Casella Waste Systems, Inc. Class A (a)   12,562    1,249,793 
Comfort Systems USA, Inc.   2,457    959,090 
Curtiss-Wright Corp.   5,285    1,737,127 
Enpro, Inc.   5,800    940,644 
ESCO Technologies, Inc.   2,600    335,348 
Exlservice Holdings, Inc. (a)   40,635    1,550,225 
Flowserve Corp.   20,590    1,064,297 
Fluor Corp. (a)   69,530    3,317,276 
GATX Corp.   5,838    773,243 
Hayward Holdings, Inc. (a)   3,600    55,224 
Helios Technologies, Inc.   8,939    426,390 
Kennametal, Inc. (b)   20,928    542,663 
Kirby Corp. (a)   10,269    1,257,234 
Leonardo DRS, Inc. (a)   26,963    760,896 
ManpowerGroup, Inc.   8,319    611,613 
McGrath RentCorp   6,634    698,428 
Middleby Corp. (a)   4,441    617,876 
NEXTracker, Inc. Class A (a)   12,315    461,566 
Rush Enterprises, Inc. Class A   40,582    2,143,947 
RXO, Inc. (a) (b)   27,255    763,140 
Ryder System, Inc.   6,888    1,004,270 
Shoals Technologies Group, Inc. Class A (a)   102,978    577,707 
TriNet Group, Inc.   6,712    650,863 
Verra Mobility Corp. (a)   103,499    2,878,307 
Zurn Elkay Water Solutions Corp. (b)   54,830    1,970,590 
         37,238,204 
Information Technology — 11.8%          
AvePoint, Inc. (a)   80,397    946,273 
Belden, Inc.   8,782    1,028,636 
Calix, Inc. (a)   8,419    326,573 

 

 

 

 

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

 

   Number of
Shares
   Value 
Cirrus Logic, Inc. (a)   5,977   $742,403 
Clearwater Analytics Holdings, Inc. Class A (a)   38,007    959,677 
Crane NXT Co. (b)   14,177    795,330 
Credo Technology Group Holding Ltd. (a)   17,186    529,329 
CyberArk Software Ltd. (a)   4,603    1,342,281 
DoubleVerify Holdings, Inc. (a)   15,287    257,433 
ePlus, Inc. (a)   5,924    582,566 
Fabrinet (a)   2,037    481,628 
FormFactor, Inc. (a)   13,355    614,330 
Intapp, Inc. (a)   10,607    507,333 
Jamf Holding Corp. (a) (b)   81,779    1,418,866 
Manhattan Associates, Inc. (a)   3,206    902,104 
MKS Instruments, Inc.   5,346    581,164 
Novanta, Inc. (a)   5,713    1,022,170 
Power Integrations, Inc.   9,887    633,954 
Rambus, Inc. (a)   449    18,957 
SentinelOne, Inc. Class A (a)   8,200    196,144 
SiTime Corp. (a) (b)   4,126    707,650 
Sprout Social, Inc. Class A (a) (b)   31,423    913,467 
Squarespace, Inc. Class A (a)   21,163    982,598 
Synaptics, Inc. (a)   6,743    523,122 
Universal Display Corp.   2,095    439,740 
Viavi Solutions, Inc. (a)   84,078    758,383 
         18,212,111 
Materials — 3.2%          
Cabot Corp.   28,659    3,203,216 
Graphic Packaging Holding Co. (b)   33,216    982,862 
Methanex Corp.   19,176    792,736 
         4,978,814 
Real Estate — 5.6%          
Acadia Realty Trust   18,400    432,032 
American Healthcare REIT, Inc.   58,601    1,529,486 
Douglas Emmett, Inc. (b)   43,602    766,087 
Essential Properties Realty Trust, Inc.   26,375    900,706 
Independence Realty Trust, Inc. (b)   38,188    782,854 
Phillips Edison & Co., Inc.   46,275    1,745,030 
Ryman Hospitality Properties, Inc.   11,239    1,205,271 
Terreno Realty Corp.   12,502    835,509 
Xenia Hotels & Resorts, Inc.   31,974    472,256 
         8,669,231 
Utilities — 1.2%          
IDACORP, Inc.   9,081    936,160 
ONE Gas, Inc. (b)   12,198    907,775 
         1,843,935 
           
TOTAL COMMON STOCK
(Cost $119,380,482)
        153,704,466 
           
TOTAL EQUITIES
(Cost $119,380,482)
        153,704,466 
           

 

 

 

 

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

 

   Number of
Shares
   Value 
EXCHANGE-TRADED FUNDS — 0.2%          
           
iShares Russell 2000 ETF          
(b)   656   $144,904 
iShares Russell 2000 Growth ETF          
(b)   614    174,376 
           
TOTAL EXCHANGE-TRADED FUNDS
(Cost $301,737)
        319,280 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $119,682,219)
        154,023,746 
           
           
SHORT-TERM INVESTMENTS — 1.6%          
Investment of Cash Collateral from Securities Loaned — 0.1%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   175,878    175,878 
           
   Principal
Amount
    
Repurchase Agreement — 1.5%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (d)  $2,371,004   2,371,004 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $2,546,882)
        2,546,882 
           
TOTAL INVESTMENTS — 101.2%
(Cost $122,229,101) (e)
        156,570,628 
           
Other Assets/(Liabilities) — (1.2)%        (1,870,909) 
           
NET ASSETS — 100.0%       $154,699,719 

 

Abbreviation Legend

ADR American Depositary Receipt
ETF Exchange-Traded Fund

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $25,058,959 or 16.20% of net assets. The Fund received $25,397,688 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $2,371,104. Collateralized by U.S. Government Agency obligations with rates ranging from 0.750% - 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $2,418,607.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Small Company Value Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.3%          
           
COMMON STOCK — 99.3%          
Communication Services — 1.4%          
Cable One, Inc. (a)   1,914   $669,498 
Entravision Communications Corp. Class A   106,937    221,360 
Townsquare Media, Inc. Class A   5,927    60,218 
         951,076 
Consumer Discretionary — 12.9%          
A-Mark Precious Metals, Inc. (a)   11,195    494,371 
Accel Entertainment, Inc. (b)   29,130    338,491 
Boyd Gaming Corp.   10,727    693,500 
BRP, Inc.   8,274    492,634 
Brunswick Corp.   10,608    889,162 
Capri Holdings Ltd. (b)   8,435    357,981 
Cavco Industries, Inc. (b)   415    177,720 
Champion Homes, Inc. (b)   7,075    671,064 
Dave & Buster's Entertainment, Inc. (a) (b)   14,578    496,381 
M/I Homes, Inc. (b)   883    151,311 
MarineMax, Inc. (b)   18,655    657,962 
Meritage Home Corp.   2,194    449,924 
OneWater Marine, Inc. Class A (a) (b)   15,719    375,841 
Penske Automotive Group, Inc.   1,961    318,506 
Solo Brands, Inc. Class A (a) (b)   52,978    74,699 
Tapestry, Inc.   22,813    1,071,755 
Taylor Morrison Home Corp. (b)   4,996    351,019 
Topgolf Callaway Brands Corp. (b)   29,358    322,351 
Visteon Corp. (b)   4,681    445,818 
         8,830,490 
Consumer Staples — 3.6%          
Edgewell Personal Care Co.   29,411    1,068,796 
Spectrum Brands Holdings, Inc.   11,434    1,087,831 
Turning Point Brands, Inc.   6,495    280,259 
         2,436,886 
Energy — 11.6%          
Cactus, Inc. Class A (a)   14,758    880,610 
ChampionX Corp.   49,776    1,500,746 
Chord Energy Corp.   6,562    854,569 
Crescent Energy Co. Class A   74,294    813,519 
Mach Natural Resources LP   20,757    332,112 
Magnolia Oil & Gas Corp. Class A (a)   56,413    1,377,606 
Northern Oil & Gas, Inc.   35,130    1,243,953 
Permian Resources Corp. (a)   50,187    683,045 

 

 

 

 

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

 

   Number of
Shares
   Value 
TXO Partners LP   10,011   $198,018 
         7,884,178 
Financials — 32.7%          
Ameris Bancorp   10,417    649,917 
Axis Capital Holdings Ltd.   20,094    1,599,683 
Axos Financial, Inc. (b)   4,898    307,986 
Banc of California, Inc.   25,380    373,847 
BankUnited, Inc.   5,218    190,144 
Bowhead Specialty Holdings, Inc. (a) (b)   4,546    127,334 
Columbia Banking System, Inc. (a)   45,621    1,191,164 
Compass Diversified Holdings (a)   51,237    1,133,875 
CVB Financial Corp.   49,739    886,349 
Euronet Worldwide, Inc. (b)   10,179    1,010,062 
EVERTEC, Inc.   41,868    1,418,907 
Fidelis Insurance Holdings Ltd.   19,577    353,561 
First BanCorp   31,132    659,064 
First Interstate BancSystem, Inc. Class A   21,430    657,472 
First Merchants Corp.   8,501    316,237 
FNB Corp.   108,588    1,532,177 
Hamilton Insurance Group Ltd. Class B (b)   20,643    399,236 
Home BancShares, Inc.   45,275    1,226,500 
Old National Bancorp   98,430    1,836,704 
Pacific Premier Bancorp, Inc.   31,584    794,653 
Popular, Inc.   8,195    821,713 
Provident Financial Services, Inc.   9,388    174,241 
Repay Holdings Corp. (b)   37,004    301,953 
SouthState Corp.   16,013    1,556,143 
StoneX Group, Inc. (b)   2,460    201,425 
UMB Financial Corp.   10,785    1,133,611 
Valley National Bancorp   15,298    138,600 
Webster Financial Corp.   28,546    1,330,529 
         22,323,087 
Health Care — 3.5%          
AMN Healthcare Services, Inc. (a) (b)   3,109    131,791 
Embecta Corp.   28,279    398,734 
Enovis Corp. (b)   22,101    951,448 
Envista Holdings Corp. (a) (b)   36,525    721,734 
Patterson Cos., Inc. (a)   7,729    168,801 
         2,372,508 
Industrials — 17.1%          
Atmus Filtration Technologies, Inc.   13,610    510,783 
Barrett Business Services, Inc.   1,718    64,442 
Beacon Roofing Supply, Inc. (b)   11,998    1,036,987 
Brink's Co.   13,568    1,569,004 
Deluxe Corp.   15,858    309,072 
DIRTT Environmental Solutions (a) (b)   80,290    41,871 
DXP Enterprises, Inc. (b)   6,257    333,874 
First Advantage Corp. (b)   7,053    140,002 
Gates Industrial Corp. PLC (b)   55,145    967,795 
GMS, Inc. (b)   14,334    1,298,230 
Hillman Solutions Corp. (b)   43,246    456,678 
IBEX Holdings Ltd. (b)   10,138    202,557 
Korn Ferry   6,795    511,256 

 

 

 

 

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

 

   Number of
Shares
   Value 
Loomis AB   12,810   $421,093 
Luxfer Holdings PLC   6,354    82,284 
NV5 Global, Inc. (b)   4,866    454,874 
Proficient Auto Logistics, Inc. (b)   11,976    169,820 
Science Applications International Corp.   4,459    621,005 
Sensata Technologies Holding PLC   9,499    340,634 
Tecnoglass, Inc. (a)   6,279    431,116 
Timken Co. (a)   18,421    1,552,706 
Titan Machinery, Inc. (a) (b)   11,050    153,926 
         11,670,009 
Information Technology — 6.5%          
Amkor Technology, Inc.   12,614    385,988 
Avnet, Inc.   18,101    983,065 
Axcelis Technologies, Inc. (b)   7,223    757,332 
Coherent Corp. (b)   9,332    829,708 
Kulicke & Soffa Industries, Inc. (a)   18,302    825,969 
Teradata Corp. (b)   21,237    644,331 
         4,426,393 
Materials — 4.0%          
Graphic Packaging Holding Co. (a)   53,441    1,581,319 
Ingevity Corp. (b)   9,418    367,302 
Minerals Technologies, Inc.   5,477    422,989 
Pactiv Evergreen, Inc. (a)   29,415    338,567 
         2,710,177 
Real Estate — 5.4%          
American Healthcare REIT, Inc.   8,948    233,543 
Americold Realty Trust, Inc.   17,701    500,407 
CareTrust REIT, Inc.   4,223    130,322 
EPR Properties   6,980    342,299 
Ryman Hospitality Properties, Inc.   9,325    1,000,013 
Terreno Realty Corp.   15,915    1,063,599 
UMH Properties, Inc.   21,488    422,669 
         3,692,852 
Utilities — 0.6%          
Southwest Gas Holdings, Inc.   5,518    407,008 
           
TOTAL COMMON STOCK
(Cost $63,291,692)
        67,704,664 
           
TOTAL EQUITIES
(Cost $63,291,692)
        67,704,664 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $63,291,692)
        67,704,664 
           
           
SHORT-TERM INVESTMENTS — 1.4%          
Investment of Cash Collateral from Securities Loaned — 0.5%          
State Street Navigator Securities Lending Government Money Market Portfolio (c)   359,706    359,706 

 

 

 

 

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

 

   Principal
Amount
   Value 
Repurchase Agreement — 0.9%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (d)  $567,272   $567,272 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $926,978)
        926,978 
           
TOTAL INVESTMENTS — 100.7%
(Cost $64,218,670) (e)
        68,631,642 
           
Other Assets/(Liabilities) — (0.7)%        (452,544) 
           
NET ASSETS — 100.0%       $68,179,098 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $10,109,776 or 14.83% of net assets. The Fund received $9,921,029 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(b) Non-income producing security.
(c) Represents investment of security lending cash collateral. (Note 2).
(d) Maturity value of $567,296. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 4/30/26, and an aggregate market value, including accrued interest, of $578,752.
(e) See Note 3 for aggregate cost for federal tax purposes.

 

Forward contracts
Counterparty  Settlement Date  Currency Purchased  Currency Sold  Unrealized Appreciation (Depreciation) 
Citibank N.A.  12/20/24  USD  362,071   SEK  3,686,846   $(2,375)

 

Currency Legend

SEK Swedish Krona
USD U.S. Dollar

 

 

 

MML Small/Mid Cap Value Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 100.4%          
           
COMMON STOCK — 100.4%          
Communication Services — 1.8%          
Criteo SA Sponsored ADR (a)   25,081   $1,009,260 
Nexstar Media Group, Inc.   8,324    1,376,373 
         2,385,633 
Consumer Discretionary — 16.2%          
Adient PLC (a)   65,060    1,468,404 
ADT, Inc.   231,451    1,673,391 
AutoNation, Inc. (a)   8,290    1,483,247 
Bath & Body Works, Inc.   47,228    1,507,518 
BorgWarner, Inc.   54,296    1,970,402 
Brunswick Corp.   19,621    1,644,632 
Crocs, Inc. (a)   10,288    1,489,805 
Dick's Sporting Goods, Inc.   4,464    931,637 
Dine Brands Global, Inc.   20,281    633,376 
Group 1 Automotive, Inc.   4,361    1,670,437 
PulteGroup, Inc.   8,407    1,206,657 
PVH Corp.   13,128    1,323,696 
Tapestry, Inc.   34,874    1,638,380 
Taylor Morrison Home Corp. (a)   24,074    1,691,439 
Viking Holdings Ltd. (a)   43,330    1,511,784 
         21,844,805 
Consumer Staples — 2.0%          
Lamb Weston Holdings, Inc.   13,219    855,798 
Nomad Foods Ltd.   94,488    1,800,941 
         2,656,739 
Energy — 5.1%          
Cameco Corp.   42,494    2,029,514 
HF Sinclair Corp.   16,906    753,500 
Magnolia Oil & Gas Corp. Class A   65,310    1,594,870 
Matador Resources Co.   22,470    1,110,467 
Northern Oil & Gas, Inc.   40,710    1,441,541 
         6,929,892 
Financials — 20.1%          
American Financial Group, Inc.   14,354    1,932,048 
BankUnited, Inc.   41,407    1,508,871 
Cboe Global Markets, Inc.   7,014    1,436,958 
Comerica, Inc.   30,364    1,819,107 
Federated Hermes, Inc.   46,710    1,717,527 
First BanCorp   74,902    1,585,675 
First Citizens BancShares, Inc. Class A   1,033    1,901,701 
First Hawaiian, Inc.   70,650    1,635,548 

 

 

 

 

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

 

   Number of
Shares
   Value 
Hanover Insurance Group, Inc.   10,559   $1,563,893 
Kemper Corp.   13,404    820,995 
NCR Atleos Corp. (a)   55,224    1,575,541 
Stifel Financial Corp.   17,677    1,659,870 
Texas Capital Bancshares, Inc. (a)   20,824    1,488,083 
Walker & Dunlop, Inc.   15,042    1,708,621 
Webster Financial Corp.   30,555    1,424,169 
Wintrust Financial Corp.   15,558    1,688,510 
Zions Bancorp NA   33,039    1,560,102 
         27,027,219 
Health Care — 7.1%          
AMN Healthcare Services, Inc. (a)   18,153    769,506 
Avantor, Inc. (a)   56,380    1,458,551 
Encompass Health Corp.   20,554    1,986,338 
Integra LifeSciences Holdings Corp. (a)   37,199    675,906 
Pediatrix Medical Group, Inc. (a)   78,262    907,056 
Revvity, Inc.   14,308    1,827,847 
Teleflex, Inc.   7,780    1,924,150 
         9,549,354 
Industrials — 22.4%          
ABM Industries, Inc.   30,816    1,625,852 
ArcBest Corp.   16,918    1,834,757 
Builders FirstSource, Inc. (a)   9,610    1,862,995 
C.H. Robinson Worldwide, Inc.   19,567    2,159,610 
Core & Main, Inc. Class A (a)   32,240    1,431,456 
Fluor Corp. (a)   33,750    1,610,212 
Gates Industrial Corp. PLC (a)   95,780    1,680,939 
Herc Holdings, Inc.   9,710    1,548,065 
John Bean Technologies Corp.   15,056    1,483,166 
MasTec, Inc. (a)   14,953    1,840,714 
Middleby Corp. (a)   12,751    1,774,047 
MillerKnoll, Inc.   63,983    1,584,219 
Oshkosh Corp.   14,515    1,454,548 
Pentair PLC   21,040    2,057,502 
Regal Rexnord Corp.   10,676    1,770,935 
Robert Half, Inc.   24,129    1,626,536 
WillScot Holdings Corp. (a)   45,636    1,715,914 
WNS Holdings Ltd. (a)   21,659    1,141,646 
         30,203,113 
Information Technology — 12.4%          
ACI Worldwide, Inc. (a)   30,901    1,572,861 
Amkor Technology, Inc.   43,320    1,325,592 
Avnet, Inc.   26,112    1,418,143 
Belden, Inc.   11,264    1,319,352 
Calix, Inc. (a)   29,537    1,145,740 
CommVault Systems, Inc. (a)   7,396    1,137,875 
F5, Inc. (a)   8,640    1,902,528 
FormFactor, Inc. (a)   21,564    991,944 
Gen Digital, Inc.   55,652    1,526,534 
Lumentum Holdings, Inc. (a)   21,313    1,350,818 
Synaptics, Inc. (a)   14,935    1,158,657 

 

 

 

 

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

 

   Number of
Shares
   Value 
TD SYNNEX Corp.   15,017   $1,803,242 
         16,653,286 
Materials — 3.4%          
Avient Corp.   35,031    1,762,760 
Berry Global Group, Inc.   19,024    1,293,252 
Element Solutions, Inc.   56,427    1,532,557 
         4,588,569 
Real Estate — 7.7%          
Broadstone Net Lease, Inc.   46,338    878,105 
CubeSmart   22,605    1,216,827 
First Industrial Realty Trust, Inc.   21,024    1,176,924 
Independence Realty Trust, Inc.   90,750    1,860,375 
Jones Lang LaSalle, Inc. (a)   8,533    2,302,289 
Ryman Hospitality Properties, Inc.   12,563    1,347,256 
STAG Industrial, Inc.   40,348    1,577,203 
         10,358,979 
Utilities — 2.2%          
IDACORP, Inc.   15,457    1,593,462 
Portland General Electric Co.   30,210    1,447,059 
         3,040,521 
           
TOTAL COMMON STOCK
(Cost $122,174,424)
        135,238,110 
           
TOTAL EQUITIES
(Cost $122,174,424)
        135,238,110 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $122,174,424)
        135,238,110 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.4%        
         
Repurchase Agreement — 0.4%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (b)  $510,882   510,882 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $510,882)
        510,882 
           
TOTAL INVESTMENTS — 100.8%
(Cost $122,685,306) (c)
        135,748,992 
           
Other Assets/(Liabilities) — (0.8)%        (1,060,111) 
           
NET ASSETS — 100.0%       $134,688,881 

 

Abbreviation Legend

ADR American Depositary Receipt

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Maturity value of $510,903. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 4/30/26, and an aggregate market value, including accrued interest, of $521,177.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Number of
Shares
   Value 
EQUITIES — 99.8%          
           
COMMON STOCK — 99.8%          
Communication Services — 7.9%          
Alphabet, Inc. Class A   35,152   $5,829,959 
Liberty Media Corp-Liberty Formula One Class C (a)   2,906    225,012 
Meta Platforms, Inc. Class A   6,476    3,707,121 
Verizon Communications, Inc.   30,645    1,376,267 
Walt Disney Co.   5,747    552,804 
         11,691,163 
Consumer Discretionary — 9.9%          
Airbnb, Inc. Class A (a)   2,119    268,710 
Amazon.com, Inc. (a)   26,333    4,906,628 
Aptiv PLC (a)   9,685    697,417 
CarMax, Inc. (a)   5,321    411,739 
Chipotle Mexican Grill, Inc. (a)   10,517    605,989 
Deckers Outdoor Corp. (a)   2,802    446,779 
Home Depot, Inc.   6,137    2,486,712 
LKQ Corp.   15,805    630,936 
Tesla, Inc. (a)   5,400    1,412,802 
TJX Cos., Inc.   12,824    1,507,333 
Tractor Supply Co.   2,948    857,662 
YETI Holdings, Inc. (a)   9,831    403,366 
         14,636,073 
Consumer Staples — 5.4%          
Colgate-Palmolive Co.   4,352    451,781 
Costco Wholesale Corp.   1,359    1,204,781 
Mondelez International, Inc. Class A   14,907    1,098,199 
PepsiCo, Inc.   9,677    1,645,574 
Procter & Gamble Co.   7,030    1,217,596 
Sysco Corp.   15,072    1,176,520 
Target Corp.   7,597    1,184,068 
         7,978,519 
Energy — 3.0%          
ConocoPhillips   15,182    1,598,361 
EOG Resources, Inc.   12,081    1,485,117 
Schlumberger NV   32,640    1,369,248 
         4,452,726 
Financials — 13.3%          
American Express Co.   3,738    1,013,746 
Ameriprise Financial, Inc.   1,996    937,741 
Bank of America Corp.   32,806    1,301,742 
BlackRock, Inc.   1,204    1,143,210 
Block, Inc. (a)   6,585    442,051 

 

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Intercontinental Exchange, Inc.   4,438   $712,920 
JP Morgan Chase & Co.   11,190    2,359,524 
Marsh & McLennan Cos., Inc.   4,126    920,469 
Mastercard, Inc. Class A   2,537    1,252,771 
MetLife, Inc.   9,863    813,500 
Morgan Stanley   17,911    1,867,043 
Progressive Corp.   4,311    1,093,959 
Prudential Financial, Inc.   6,119    741,011 
Regions Financial Corp.   52,784    1,231,451 
S&P Global, Inc.   3,299    1,704,329 
Visa, Inc. Class A   8,034    2,208,948 
         19,744,415 
Health Care — 12.8%          
AbbVie, Inc.   9,716    1,918,716 
Agilent Technologies, Inc.   9,551    1,418,133 
Amgen, Inc.   1,996    643,131 
Bristol-Myers Squibb Co.   6,387    330,463 
Cigna Group   3,773    1,307,118 
Danaher Corp.   6,738    1,873,299 
Dexcom, Inc. (a)   5,173    346,798 
Eli Lilly & Co.   1,772    1,569,886 
IDEXX Laboratories, Inc. (a)   803    405,692 
Intuitive Surgical, Inc. (a)   1,993    979,101 
Merck & Co., Inc.   10,861    1,233,375 
Novo Nordisk AS Class B   7,499    892,930 
Thermo Fisher Scientific, Inc.   2,084    1,289,100 
UnitedHealth Group, Inc.   4,987    2,915,799 
Vertex Pharmaceuticals, Inc. (a)   1,331    619,021 
Zoetis, Inc.   6,516    1,273,096 
         19,015,658 
Industrials — 8.8%          
Cummins, Inc.   3,601    1,165,968 
Deere & Co.   1,465    611,388 
Eaton Corp. PLC   4,204    1,393,374 
FedEx Corp.   2,197    601,275 
Ferguson Enterprises, Inc.   3,161    627,680 
Honeywell International, Inc.   4,795    991,175 
Johnson Controls International PLC   19,589    1,520,302 
Lockheed Martin Corp.   952    556,501 
Parker-Hannifin Corp.   1,778    1,123,376 
Saia, Inc. (a)   544    237,869 
Uber Technologies, Inc. (a)   12,131    911,766 
Union Pacific Corp.   4,968    1,224,513 
United Parcel Service, Inc. Class B   5,194    708,150 
United Rentals, Inc.   551    446,161 
Xylem, Inc.   6,363    859,196 
         12,978,694 
Information Technology — 32.5%          
Accenture PLC Class A   3,225    1,139,973 
Adobe, Inc. (a)   721    373,319 
Advanced Micro Devices, Inc. (a)   11,422    1,874,122 
Analog Devices, Inc.   6,435    1,481,144 
Apple, Inc.   44,555    10,381,315 

 

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments (Continued)

 

   Number of
Shares
   Value 
Applied Materials, Inc.   5,947   $1,201,591 
ASML Holding NV   974    811,974 
Broadcom, Inc.   9,276    1,600,110 
Cadence Design Systems, Inc. (a)   4,419    1,197,682 
CDW Corp.   3,547    802,686 
Cisco Systems, Inc.   12,845    683,611 
Crowdstrike Holdings, Inc. Class A (a)   1,800    504,846 
Dynatrace, Inc. (a)   4,741    253,501 
International Business Machines Corp.   5,266    1,164,207 
Microsoft Corp.   27,462    11,816,899 
Motorola Solutions, Inc.   2,480    1,115,083 
NVIDIA Corp.   80,536    9,780,292 
Salesforce, Inc.   2,720    744,491 
ServiceNow, Inc. (a)   507    453,456 
Workday, Inc. Class A (a)   3,359    820,973 
         48,201,275 
Materials — 2.3%          
Ball Corp.   10,703    726,841 
Ecolab, Inc.   4,058    1,036,129 
Linde PLC (LIN US)   3,396    1,619,416 
         3,382,386 
Real Estate — 2.2%          
Equinix, Inc.   1,200    1,065,156 
Prologis, Inc.   17,009    2,147,897 
         3,213,053 
Utilities — 1.7%          
NextEra Energy, Inc.   30,546    2,582,053 
           
TOTAL COMMON STOCK
(Cost $97,489,880)
        147,876,015 
           
TOTAL EQUITIES
(Cost $97,489,880)
        147,876,015 
           
           
EXCHANGE-TRADED FUNDS — 0.1%          
iShares Core S&P 500 ETF   344    198,426 
TOTAL EXCHANGE-TRADED FUNDS
(Cost $196,800)
        198,426 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $97,686,680)
        148,074,441 
           
   Principal
Amount
    
SHORT-TERM INVESTMENTS — 0.2%        
         
Repurchase Agreement — 0.2%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (b)  $327,630   327,630 
           
TOTAL SHORT-TERM INVESTMENTS
(Cost $327,630)
        327,630 
           

 

 

 

 

MML Sustainable Equity Fund —  Portfolio of Investments (Continued)

 

   Principal
Amount
   Value 
TOTAL INVESTMENTS — 100.1%
(Cost $98,014,310) (c)
       $148,402,071 
           
Other Assets/(Liabilities) — (0.1)%        (132,178) 
           
NET ASSETS — 100.0%       $148,269,893 

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) Maturity value of $327,644. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 5/31/26, and an aggregate market value, including accrued interest, of $334,255.
(c) See Note 3 for aggregate cost for federal tax purposes.

 

Forward contracts
Counterparty  Settlement Date  Currency Purchased  Currency Sold  Unrealized Appreciation (Depreciation) 
Citibank N.A.  12/20/24  USD  119,899   EUR  107,371   $(4) 
Goldman Sachs & Co.  12/20/24  USD  268,299   EUR  239,982    306 
JP Morgan Chase Bank N.A.  12/20/24  USD  194,904   EUR  174,315    243 
Morgan Stanley & Co. LLC  12/20/24  DKK  888,448   USD  $133,356    (143) 
Morgan Stanley & Co. LLC  12/20/24  USD  896,072   DKK  5,965,458    1,619 
UBS AG  12/20/24  USD  119,790   EUR  107,371    (113)
                    $1,908

 

Currency Legend

DKK Danish Krone
EUR Euro
USD U.S. Dollar

 

 

MML Total Return Bond Fund —  Portfolio of Investments

 

September 30, 2024 (Unaudited)

 

   Principal
Amount
   Value 
BONDS & NOTES — 113.5%          
           
BANK LOANS — 1.4%          
Aerospace & Defense — 0.0%          
TransDigm, Inc., 2024 Term Loan I, 3 mo. USD Term SOFR + 2.750%          
7.354% VRN 8/24/28  $65,552   $65,509 
Beverages — 0.1%          
City Brewing Co. LLC          
2024 First Lien First Out Roll Up Term Loan, 3 mo. USD Term SOFR + 3.500%          
9.063% VRN 4/05/28   32,684    26,474 
2024 First Lien Second Out PIK TL, 3 mo. USD Term SOFR + 3.500%          
10.563% VRN 4/05/28   64,409    32,849 
Naked Juice LLC          
Term Loan, 3 mo. USD Term SOFR + 3.250%          
7.954% VRN 1/24/29   138,891    113,326 
2nd Lien Term Loan, 3 mo. USD Term SOFR + 6.000%          
10.704% VRN 1/24/30   28,134    17,066 
Triton Water Holdings, Inc., Term Loan, 3 mo. USD Term SOFR + 3.250%          
8.115% VRN 3/31/28   26,401    26,345 
         216,060 
Chemicals — 0.0%          
Chemours Co., 2023 USD Term Loan B, 1 mo. USD Term SOFR + 3.500%          
8.345% VRN 8/18/28   65,778    65,716 
Mativ Holdings, Inc., Delayed Draw Term Loan A, 1 mo. USD Term SOFR + 2.500%          
7.445% VRN 5/06/27 (a)   17,744    17,522 
         83,238 
Commercial Services — 0.0%          
Boost Newco Borrower LLC, 2024 USD Term Loan B, 3 mo. USD Term SOFR + 2.500%          
7.104% VRN 1/31/31   16,731    16,724 
Pre-Paid Legal Services, Inc., 2021 Term Loan, 1 mo. USD Term SOFR + 3.750%          
8.710% VRN 12/15/28   27,933    27,891 
Spin Holdco, Inc., 2021 Term Loan, 3 mo. USD Term SOFR + 4.000%          
9.256% VRN 3/04/28   41,190    35,904 
Trans Union LLC          
2024 Term Loan B8, 1 mo. USD Term SOFR + 1.750%          
6.595% VRN 6/24/31   13,879    13,847 
2024 Term Loan B7, 1 mo. USD Term SOFR + 2.000%          
6.845% VRN 12/01/28   31,926    31,891 
TruGreen Ltd. Partnership, 2020 Term Loan, 1 mo. USD Term SOFR + 4.000%          
8.955% VRN 11/02/27   23,789    22,957 
         149,214 

 

 

 

 

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

 

   Principal
Amount
   Value 
Computers — 0.0%          
Indy US Bidco LLC, 2024 USD Term Loan B, 1 mo. USD Term SOFR + 4.750%          
9.595% VRN 3/06/28  $16,555   $16,472 
Diversified Financial Services — 0.1%          
Avolon TLB Borrower 1 (US) LLC, 2023 Term Loan B6, 1 mo. USD Term SOFR + 2.000%          
6.961% VRN 6/22/28   58,001    58,093 
Deerfield Dakota Holding LLC, 2020 USD Term Loan B, 3 mo. USD Term SOFR + 3.750%          
8.354% VRN 4/09/27   57,806    56,566 
Jane Street Group LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.500%          
7.460% VRN 1/26/28   51,429    51,370 
         166,029 
Electric — 0.0%          
Alpha Generation LLC, Term Loan B, 1 mo. USD Term SOFR + 2.750%,          
7.595% VRN 9/19/31   50,636    50,627 
South Field LLC          
Term Loan C, 3 mo. USD Term SOFR + 3.750%          
8.354% VRN 8/29/31   822    824 
Term Loan B, 3 mo. USD Term SOFR + 3.750%          
8.354% VRN 8/29/31   13,394    13,439 
Vistra Operations Co. LLC, 1st Lien Term Loan B3, 1 mo. USD Term SOFR + 2.000%          
6.845% VRN 12/20/30   9,919    9,918 
         74,808 
Electronics — 0.0%          
II-VI, Inc., 2024 Term Loan B, 1 mo. USD Term SOFR + 2.500%          
7.345% VRN 7/02/29   12,669    12,657 
Engineering & Construction — 0.0%          
Artera Services LLC, 2024 Term Loan, 3 mo. USD Term SOFR + 4.500%          
9.104% VRN 2/15/31   36,421    35,413 
Entertainment — 0.1%          
Churchill Downs, Inc., 2021 Incremental Term Loan B1, 1 mo. USD Term SOFR + 2.000%          
6.945% VRN 3/17/28   49,235    49,111 
PENN Entertainment, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 2.750%          
7.705% VRN 5/03/29   22,067    22,100 
Showtime Acquisition LLC, 2024 1st Lien Term Loan, 3 mo. USD Term SOFR + 4.750%, 3 mo. U.S. (Fed) Prime Rate + 3.750%,          
9.871% VRN 8/13/31   53,314    52,914 
William Morris Endeavor Entertainment LLC, 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 2.750%          
7.710% VRN 5/18/25   118,416    118,379 
         242,504 
Environmental Controls — 0.0%          
Clean Harbors, Inc., 2023 Term Loan, 1 mo. USD Term SOFR + 1.750%          
6.710% VRN 10/09/28   60,613    60,704 

 

 

 

 

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

 

   Principal
Amount
   Value 
Food — 0.0%          
8th Avenue Food & Provisions, Inc., 2018 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.750%          
8.710% VRN 10/01/25  $7,205   $6,963 
United Natural Foods, Inc., 2024 Term Loan, 1 mo. USD Term SOFR + 4.750%          
9.595% VRN 5/01/31   55,276    55,276 
         62,239 
Hand & Machine Tools — 0.0%          
Alliance Laundry Systems LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 3.500%          
8.345% VRN 8/19/31   35,561    35,586 
Health Care - Products — 0.0%          
Bausch & Lomb Corp.          
Term Loan, 1 mo. USD Term SOFR + 3.250%          
8.270% VRN 5/10/27   31,190    31,046 
2023 Incremental Term Loan, 1 mo. USD Term SOFR + 4.000%          
8.845% VRN 9/29/28   27,913    27,861 
Medline Borrower LP, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.750%          
7.595% VRN 10/23/28   73,938    73,930 
         132,837 
Health Care - Services — 0.1%          
Catalent Pharma Solutions, Inc., 2021 Term Loan B3, 1 mo. USD Term SOFR + 2.000%          
7.034% VRN 2/22/28   132,109    131,944 
Modivcare, Inc., 2024 Term Loan B, 3 mo. USD Term SOFR + 4.750%,          
9.343% VRN 7/01/31   140,610    132,525 
Star Parent, Inc., Term Loan B, 3 mo. USD Term SOFR + 3.750%          
8.354% VRN 9/27/30   33,399    32,447 
         296,916 
Home Furnishing — 0.0%          
AI Aqua Merger Sub, Inc., 2021 1st Lien Term Loan B, 1 mo. USD Term SOFR + 3.500%          
8.357% VRN 7/31/28   20,432    20,402 
Insurance — 0.1%          
Acrisure LLC, 2024 Term Loan B1, 1 mo. USD Term SOFR + 3.000%          
7.961% VRN 2/16/27   95,285    94,862 
AmWINS Group, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 2.250%          
7.210% VRN 2/19/28   171,526    171,185 
Asurion LLC, 2020 Term Loan B8, 1 mo. USD Term SOFR + 3.250%          
8.210% VRN 12/23/26   79,794    79,703 
         345,750 
Internet — 0.1%          
Arches Buyer, Inc., 2021 Term Loan B, 1 mo. USD Term SOFR + 3.250%          
8.195% VRN 12/06/27   24,660    23,612 
Buzz Finco LLC, Term Loan B, 1 mo. USD Term SOFR + 2.750%          
7.695% VRN 1/29/27   24,178    24,078 
Gen Digital, Inc., 2021 Term Loan A, 1 mo. USD Term SOFR + 1.500%          
6.445% VRN 9/10/27   71,920    71,732 

 

 

 

 

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

 

   Principal
Amount
   Value 
Match Group, Inc., 2020 Term Loan B, 3 mo. USD Term SOFR + 1.750%          
6.714% VRN 2/13/27  $10,674   $10,634 
MH Sub I LLC, 2023 Term Loan, 1 mo. USD Term SOFR + 4.250%          
9.095% VRN 5/03/28   17,474    17,351 
PUG LLC, 2024 Extended Term Loan B, 1 mo. USD Term SOFR + 4.750%          
9.595% VRN 3/15/30   17,991    17,939 
Research Now Group, Inc., 2024 First Lien Second Out Term Loan, 3 mo. USD Term SOFR + 5.500%          
0.000% VRN 10/15/28   19,516    17,979 
         183,325 
Leisure Time — 0.0%          
Sabre GLBL, Inc., 2022 1st Lien Term Loan B, 1 mo. USD Term SOFR + 5.000%          
9.945% VRN 6/30/28   15,527    14,712 
Lodging — 0.0%          
Hilton Domestic Operating Co., Inc., 2023 Term Loan B4, 1 mo. USD Term SOFR + 1.750%          
6.605% VRN 11/08/30   11,519    11,513 
Machinery - Diversified — 0.0%          
ASP Blade Holdings, Inc., Initial Term Loan, 3 mo. USD Term SOFR + 4.000%          
8.865% VRN 10/13/28   39,335    28,960 
Media — 0.1%          
CSC Holdings LLC, 2019 Term Loan B5, 1 mo. USD Term SOFR + 2.500%          
7.460% VRN 4/15/27   46,810    42,731 
Telenet Financing USD LLC, 2020 USD Term Loan AR, 1 mo. USD Term SOFR + 2.000%          
7.211% VRN 4/30/28   25,828    24,860 
Virgin Media Bristol LLC, 2023 USD Term Loan Y, 6 mo. USD Term SOFR + 3.250%          
8.656% VRN 3/31/31   150,000    143,083 
         210,674 
Office & Business Equipment — 0.0%          
Xerox Holdings Corp., 2023 Term Loan B, 1 mo. USD Term SOFR + 4.000%, 3 mo. USD Term SOFR + 4.000%          
8.604% - 8.845% VRN 11/17/29   21,877    21,762 
Packaging & Containers — 0.1%          
Berry Global, Inc., 2023 Term Loan AA, 3 mo. USD Term SOFR + 1.750%          
7.316% VRN 7/01/29   224,464    225,007 
Pharmaceuticals — 0.1%          
Gainwell Acquisition Corp., Term Loan B, 3 mo. USD Term SOFR + 4.000%          
8.704% VRN 10/01/27   97,222    92,320 
Jazz Financing Lux SARL, 2024 1st Lien Term Loan B, 1 mo. USD Term SOFR + 2.250%          
7.095% VRN 5/05/28   162,885    162,667 
         254,987 
Real Estate Investment Trusts (REITS) — 0.1%          
Healthpeak Properties, Inc.          

 

 

 

 

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

 

   Principal
Amount
   Value 
2024 Term Loan A3, 3 mo. USD Term SOFR + 0.850%          
0.000% VRN 3/01/29  $204,135   $198,521 
Term Loan A2, 1 mo. USD Term SOFR + 1.600%          
6.455% VRN 2/22/27   101,146    98,871 
Term Loan A1, 1 mo. USD Term SOFR + 1.600%          
6.455% VRN 8/20/27   101,146    98,870 
         396,262 
Retail — 0.1%          
1011778 B.C. Unlimited Liability Co., 2024 Term Loan B6, 1 mo. USD Term SOFR + 1.750%          
6.595% VRN 9/20/30   54,162    53,563 
KFC Holding Co., 2021 Term Loan B, 1 mo. USD Term SOFR + 1.750%          
6.879% VRN 3/15/28   38,715    38,812 
Michaels Cos., Inc., 2021 Term Loan B, 3 mo. USD Term SOFR + 4.250%          
9.115% VRN 4/17/28   232,200    182,625 
Peer Holding III BV, 2024 USD Term Loan B5, 3 mo. USD Term SOFR + 3.000%          
7.604% VRN 7/01/31   48,762    48,843 
         323,843 
Software — 0.2%          
Athenahealth Group, Inc., 2022 Term Loan B, 1 mo. USD Term SOFR + 3.250%          
8.095% VRN 2/15/29   233,861    232,156 
Banff Merger Sub, Inc., 2024 Term Loan B, 3 mo. USD Term SOFR + 3.750%          
9.005% VRN 7/30/31   41,519    41,408 
Central Parent, Inc., 2024 Term Loan B, 3 mo. USD Term SOFR + 3.250%          
7.854% VRN 7/06/29   40,000    39,547 
EagleView Technology Corp., 2018 Add On Term Loan B, 3 mo. USD Term SOFR + 3.500%          
8.366% VRN 8/14/25   131,802    125,194 
Iron Mountain, Inc., 2023 Term Loan B, 1 mo. USD Term SOFR + 2.000%          
6.845% VRN 1/31/31   27,184    26,980 
RealPage, Inc., 1st Lien Term Loan, 1 mo. USD Term SOFR + 3.000%          
7.960% VRN 4/24/28   20,122    19,518 
Renaissance Holding Corp., 2024 Term Loan, 1 mo. USD Term SOFR + 4.250%          
9.095% VRN 4/05/30   32,080    32,048 
         516,851 
Telecommunications — 0.1%          
Altice France SA, 2023 USD Term Loan B14, 3 mo. USD Term SOFR + 5.500%          
10.801% VRN 8/15/28   33,248    24,839 
CCI Buyer, Inc., Term Loan, 3 mo. USD Term SOFR + 4.000%          
8.604% VRN 12/17/27   29,196    29,136 
SBA Senior Finance II LLC, 2024 Term Loan B, 1 mo. USD Term SOFR + 2.000%          
6.850% VRN 1/25/31   34,437    34,445 

 

 

 

 

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

 

   Principal
Amount
   Value 
Zayo Group Holdings, Inc., 2022 USD Incremental Term Loan B, 1 mo. USD Term SOFR + 4.250%          
9.095% VRN 3/09/27  $111,123   $102,205 
         190,625 
           
TOTAL BANK LOANS
(Cost $4,519,689)
        4,394,859 
           
CORPORATE DEBT — 16.1%          
Aerospace & Defense — 0.1%          
Boeing Co.          
5.805% 5/01/50   335,000    323,650 
6.528% 5/01/34 (b)   160,000    171,722 
         495,372 
Agriculture — 0.2%          
BAT Capital Corp.          
4.758% 9/06/49   34,000    29,341 
5.650% 3/16/52   185,000    180,579 
Imperial Brands Finance PLC          
3.500% 7/26/26 (b)   225,000    220,524 
Reynolds American, Inc.          
5.850% 8/15/45   235,000    235,109 
         665,553 
Airlines — 0.2%          
United Airlines Pass-Through Trust, Series 2023-1, Class A,          
5.800% 7/15/37   650,142    682,329 
Banks — 4.4%          
Bank of America Corp.          
1 day USD SOFR + 0.910% 1.658% VRN 3/11/27   290,000    278,753 
1 day USD SOFR + 1.370% 1.922% VRN 10/24/31   70,000    60,315 
1 day USD SOFR + 1.060% 2.087% VRN 6/14/29   895,000    826,492 
1 day USD SOFR + 1.050% 2.551% VRN 2/04/28   635,000    610,097 
1 day USD SOFR + 1.210% 2.572% VRN 10/20/32   75,000    65,763 
1 day USD SOFR + 2.150% 2.592% VRN 4/29/31   55,000    49,876 
3 mo. USD Term SOFR + 1.302% 3.419% VRN 12/20/28   470,000    457,217 
3 mo. USD Term SOFR + 1.837% 3.824% VRN 1/20/28   415,000    410,510 
3 mo. USD Term SOFR + 1.332% 3.970% VRN 3/05/29   485,000    479,285 
Citigroup, Inc.          
1 day USD SOFR + 1.167% 2.561% VRN 5/01/32   105,000    92,287 
1 day USD SOFR + 1.422% 2.976% VRN 11/05/30   150,000    139,592 
3 mo. USD Term SOFR + 1.454% 4.075% VRN 4/23/29   525,000    519,850 
Goldman Sachs Group, Inc.          
1 day USD SOFR + 0.798% 1.431% VRN 3/09/27   340,000    325,215 
1 day USD SOFR + 0.818% 1.542% VRN 9/10/27   1,300,000    1,232,029 
HSBC Holdings PLC 1 day USD SOFR + 1.732%          
2.013% VRN 9/22/28   625,000    583,134 
JP Morgan Chase & Co.          
1 day USD SOFR + 0.885% 1.578% VRN 4/22/27   640,000    613,100 
1 day USD SOFR + 1.015% 2.069% VRN 6/01/29   1,500,000    1,387,776 
3 mo. USD Term SOFR + 1.510% 2.739% VRN 10/15/30   230,000    213,074 
1 day USD SOFR + 1.310% 5.012% VRN 1/23/30   125,000    128,200 
JPMorgan Chase & Co. 1 day USD SOFR + 0.800%          
1.045% VRN 11/19/26   95,000    91,288 

 

 

 

 

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

 

   Principal
Amount
   Value 
Morgan Stanley          
1 day USD SOFR + 0.560% 1.164% VRN 10/21/25  $1,300,000   $1,297,360 
1 day USD SOFR + 0.879% 1.593% VRN 5/04/27   170,000    162,671 
1 day USD SOFR + 1.020% 1.928% VRN 4/28/32   90,000    76,360 
1 day USD SOFR + 1.178% 2.239% VRN 7/21/32   70,000    60,266 
1 day USD SOFR + 1.290% 2.943% VRN 1/21/33   100,000    89,325 
PNC Financial Services Group, Inc.          
1 day USD SOFR + 1.933% 5.068% VRN 1/24/34   215,000    217,979 
1 day USD SOFR + 1.902% 5.676% VRN 1/22/35   45,000    47,705 
1 day USD SOFR + 2.284% 6.875% VRN 10/20/34   85,000    97,323 
Santander UK Group Holdings PLC          
1 yr. CMT + 1.250% 1.532% VRN 8/21/26   710,000    689,002 
1 day USD SOFR + 0.989% 1.673% VRN 6/14/27   120,000    114,145 
1 day USD SOFR + 1.220% 2.469% VRN 1/11/28   200,000    190,521 
US Bancorp          
1 day USD SOFR + 1.600% 4.839% VRN 2/01/34   330,000    329,768 
1 day USD SOFR + 1.860% 5.678% VRN 1/23/35   45,000    47,700 
1 day USD SOFR + 2.090% 5.850% VRN 10/21/33   55,000    58,667 
Wells Fargo & Co.          
1 day USD SOFR + 2.100% 2.393% VRN 6/02/28   940,000    893,768 
3 mo. USD Term SOFR + 1.432% 2.879% VRN 10/30/30   310,000    287,528 
1 day USD SOFR + 1.500% 3.350% VRN 3/02/33   285,000    260,540 
1 day USD SOFR + 2.100% 4.897% VRN 7/25/33   400,000    404,585 
1 day USD SOFR + 1.740% 5.574% VRN 7/25/29   240,000    249,697 
         14,138,763 
Beverages — 0.2%          
Bacardi Ltd.          
4.450% 5/15/25 (b)   485,000    482,839 
Diageo Capital BV          
1.875% 6/08/34 EUR (b) (d)   100,000    99,852 
Pernod Ricard SA          
3.625% 5/07/34 EUR (b) (d)   100,000    113,120 
         695,811 
Chemicals — 0.3%          
International Flavors & Fragrances, Inc.          
1.832% 10/15/27 (b)   70,000    64,827 
2.300% 11/01/30 (b)   570,000    499,903 
3.268% 11/15/40 (b)   30,000    22,985 
3.468% 12/01/50 (b)   65,000    46,136 
4.375% 6/01/47   65,000    54,632 
5.000% 9/26/48   170,000    156,503 
         844,986 
Commercial Services — 0.1%          
Worldline SA, Convertible,          
0.000% 7/30/26 EUR (b) (d)   160,000    161,629 
Diversified Financial Services — 0.6%          
AerCap Ireland Capital DAC/AerCap Global Aviation Trust          
3.500% 1/15/25   1,000,000    995,179 
Air Lease Corp.          
5.850% 12/15/27   355,000    370,156 
Avolon Holdings Funding Ltd.          
2.528% 11/18/27 (b)   389,000    363,250 

 

 

 

 

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

 

   Principal
Amount
   Value 
2.875% 2/15/25 (b)  $335,000   $331,500 
         2,060,085 
Electric — 1.6%          
Alpha Generation LLC          
6.750% 10/15/32 (b)   55,000    55,775 
Amprion GmbH          
0.625% 9/23/33 EUR (b) (d)   100,000    88,035 
Appalachian Power Co.          
5.650% 4/01/34   870,000    914,830 
Arizona Public Service Co.          
6.350% 12/15/32   445,000    489,212 
Duke Energy Carolinas LLC          
4.000% 9/30/42   820,000    716,456 
Duke Energy Florida LLC          
5.875% 11/15/33   70,000    76,595 
E.ON SE          
3.500% 10/26/37 EUR (d)   100,000    109,806 
Elia Group SA          
3.875% 6/11/31 EUR (b) (d)   100,000    112,771 
Elia Transmission Belgium SA          
3.750% 1/16/36 EUR (b) (d)   100,000    113,454 
Eurogrid GmbH          
0.741% 4/21/33 EUR (b) (d)   100,000    89,759 
Florida Power & Light Co.          
3.990% 3/01/49   495,000    422,400 
Jersey Central Power & Light Co.          
6.400% 5/15/36   120,000    134,369 
MidAmerican Energy Co.          
4.800% 9/15/43   1,400,000    1,354,604 
MVM Energetika Zrt          
6.500% 3/13/31 (b)   200,000    207,682 
Southwestern Electric Power Co.          
3.250% 11/01/51   170,000    117,667 
TenneT Holding BV          
4.500% 10/28/34 EUR (b) (d)   145,000    177,303 
         5,180,718 
Electronics — 0.1%          
Honeywell International, Inc.          
3.750% 3/01/36 EUR (d)   145,000    163,720 
4.125% 11/02/34 EUR (d)   140,000    164,671 
         328,391 
Entertainment — 0.6%          
Warnermedia Holdings, Inc.          
4.279% 3/15/32 (e)   415,000    368,658 
5.050% 3/15/42   905,000    738,763 
5.141% 3/15/52   990,000    763,562 
         1,870,983 
Food — 0.6%          
ELO SACA          
6.000% 3/22/29 EUR (b) (d)   200,000    206,400 
JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL          
4.375% 2/02/52   135,000    107,222 

 

 

 

 

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

 

   Principal
Amount
   Value 
6.500% 12/01/52  $210,000   $224,006 
6.750% 3/15/34 (b)   245,000    271,435 
Mondelez International, Inc.          
0.750% 3/17/33 EUR (d)   160,000    145,737 
Pilgrim's Pride Corp.          
3.500% 3/01/32 (b)   403,000    357,823 
Smithfield Foods, Inc.          
2.625% 9/13/31 (b)   635,000    538,081 
         1,850,704 
Gas — 0.3%          
KeySpan Gas East Corp.          
5.994% 3/06/33 (b)   630,000    660,526 
National Gas Transmission PLC          
4.250% 4/05/30 EUR (b) (d)   100,000    116,371 
Piedmont Natural Gas Co., Inc.          
5.100% 2/15/35   150,000    152,081 
5.400% 6/15/33   155,000    162,156 
         1,091,134 
Health Care - Products — 0.1%          
Medtronic Global Holdings SCA          
3.375% 10/15/34 EUR (d)   100,000    113,160 
Stryker Corp.          
3.375% 9/11/32 EUR (d)   100,000    112,452 
         225,612 
Health Care - Services — 0.7%          
Centene Corp.          
3.000% 10/15/30   453,000    405,538 
Cigna Group          
3.400% 3/15/51   250,000    182,713 
CommonSpirit Health          
2.782% 10/01/30   290,000    263,828 
Fortrea Holdings, Inc.          
7.500% 7/01/30 (b)   50,000    50,328 
Fresenius Medical Care US Finance III, Inc.          
1.875% 12/01/26 (b)   340,000    319,988 
HCA, Inc.          
3.500% 7/15/51   182,000    131,141 
Kedrion SpA          
6.500% 9/01/29 (b)   220,000    209,000 
Lonza Finance International NV          
3.875% 4/24/36 EUR (b) (d)   145,000    166,382 
ModivCare Escrow Issuer, Inc.          
5.000% 10/01/29 (b) (e)   382,000    237,875 
Universal Health Services, Inc.          
1.650% 9/01/26   385,000    364,697 
         2,331,490 
Household Products & Wares — 0.1%          
Central Garden & Pet Co.          
5.125% 2/01/28   123,000    121,871 

 

 

 

 

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

 

   Principal
Amount
   Value 
Spectrum Brands, Inc.          
3.875% 3/15/31 (b)  $383,000   $335,314 
         457,185 
Insurance — 0.5%          
Athene Global Funding          
1.985% 8/19/28 (b)   205,000    186,018 
3.205% 3/08/27 (b)   135,000    129,523 
Farmers Exchange Capital III 3 mo. USD LIBOR + 3.454%          
5.454% VRN 10/15/54 (b)   970,000    867,296 
Teachers Insurance & Annuity Association of America          
3.300% 5/15/50 (b)   225,000    164,597 
4.270% 5/15/47 (b)   130,000    112,982 
Willis North America, Inc.          
2.950% 9/15/29   290,000    269,062 
         1,729,478 
Internet — 0.1%          
Uber Technologies, Inc.          
4.800% 9/15/34   325,000    324,550 
Investment Companies — 0.1%          
Icahn Enterprises LP/Icahn Enterprises Finance Corp.          
9.000% 6/15/30 (b)   240,000    241,984 
Machinery - Diversified — 0.0%          
OT Merger Corp.          
7.875% 10/15/29 (b)   90,000    36,900 
Media — 0.9%          
Cable One, Inc.          
4.000% 11/15/30 (b) (e)   70,000    55,799 
CCO Holdings LLC/CCO Holdings Capital Corp.          
4.500% 8/15/30 (b)   10,000    9,065 
4.750% 3/01/30 (b)   30,000    27,595 
Charter Communications Operating LLC/Charter Communications Operating Capital          
3.700% 4/01/51   560,000    357,497 
3.750% 2/15/28   92,000    88,305 
3.900% 6/01/52   314,000    205,872 
4.800% 3/01/50   330,000    252,639 
4.908% 7/23/25   48,000    47,921 
5.375% 5/01/47   95,000    79,765 
5.750% 4/01/48   280,000    244,518 
CSC Holdings LLC          
5.750% 1/15/30 (b)   53,000    27,435 
6.500% 2/01/29 (b)   502,000    415,743 
7.500% 4/01/28 (b)   32,000    21,390 
11.750% 1/31/29 (b)   100,000    96,659 
Time Warner Cable LLC          
5.500% 9/01/41   535,000    463,881 
5.875% 11/15/40   170,000    154,162 
VZ Secured Financing BV          
5.000% 1/15/32 (b)   420,000    386,502 
         2,934,748 

 

 

 

 

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

 

   Principal
Amount
   Value 
Oil & Gas — 0.1%          
Pertamina Persero PT          
3.100% 8/27/30 (b)  $200,000   $183,560 
Petroleos Mexicanos          
5.950% 1/28/31 (e)   50,000    43,274 
6.625% 6/15/35   300,000    244,952 
Shell International Finance BV          
3.750% 9/12/46   25,000    20,507 
         492,293 
Packaging & Containers — 0.5%          
Amcor Finance USA, Inc.          
3.625% 4/28/26   650,000    641,030 
Ardagh Packaging Finance PLC/Ardagh Holdings USA, Inc.          
4.125% 8/15/26 (b) (e)   50,000    45,072 
5.250% 8/15/27 (b)   295,000    219,891 
5.250% 8/15/27 (b) (e)   70,000    52,178 
Berry Global, Inc.          
1.570% 1/15/26   394,000    379,134 
1.650% 1/15/27   12,000    11,265 
4.875% 7/15/26 (b)   154,000    153,754 
         1,502,324 
Pharmaceuticals — 0.8%          
1375209 BC Ltd.          
9.000% 1/30/28 (b) (e)   225,000    223,001 
Bayer US Finance II LLC          
4.375% 12/15/28 (b)   893,000    881,319 
4.625% 6/25/38 (b)   795,000    722,727 
4.875% 6/25/48 (b)   210,000    182,046 
Grifols SA          
3.875% 10/15/28 EUR (b) (d)   200,000    206,917 
4.750% 10/15/28 (b) (e)   80,000    74,934 
Johnson & Johnson          
3.550% 6/01/44 EUR (d)   100,000    113,639 
MSD Netherlands Capital BV          
3.700% 5/30/44 EUR (d)   165,000    185,756 
         2,590,339 
Pipelines — 0.4%          
Energy Transfer LP          
4.950% 6/15/28   125,000    127,130 
5.000% 5/15/50   35,000    31,620 
5.150% 3/15/45   335,000    312,179 
Galaxy Pipeline Assets Bidco Ltd.          
2.160% 3/31/34 (b)   154,852    137,240 
TransMontaigne Partners LP/TLP Finance Corp.          
6.125% 2/15/26   181,000    177,882 
Venture Global Calcasieu Pass LLC          
3.875% 8/15/29 (b)   270,000    255,159 
Venture Global LNG, Inc.          
9.500% 2/01/29 (b)   108,000    121,663 
         1,162,873 

 

 

 

 

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

 

   Principal
Amount
   Value 
Private Equity — 0.1%          
CBRE Global Investors Open-Ended Funds SCA SICAV-SIF-Pan European Core Fund          
4.750% 3/27/34 EUR (b) (d)  $140,000   $164,125 
Real Estate — 0.3%          
Annington Funding PLC          
3.184% 7/12/29 GBP (b) (d)   200,000    241,425 
3.685% 7/12/34 GBP (b) (d)   100,000    112,219 
Blackstone Property Partners Europe Holdings SARL          
1.625% 4/20/30 EUR (b) (d)   100,000    98,646 
1.750% 3/12/29 EUR (b) (d)   200,000    204,547 
Vonovia SE          
0.750% 9/01/32 EUR (b) (d)   100,000    89,409 
2.250% 4/07/30 EUR (b) (d)   100,000    105,304 
         851,550 
Real Estate Investment Trusts (REITS) — 1.4%          
American Assets Trust LP          
6.150% 10/01/34   295,000    298,406 
American Homes 4 Rent LP          
3.375% 7/15/51   205,000    144,281 
American Tower Corp.          
2.300% 9/15/31   356,000    306,323 
2.700% 4/15/31   80,000    71,414 
Digital Intrepid Holding BV          
0.625% 7/15/31 EUR (b) (d)   425,000    387,319 
Extra Space Storage LP          
2.350% 3/15/32   30,000    25,320 
2.400% 10/15/31   76,000    65,382 
2.550% 6/01/31   130,000    113,183 
GLP Capital LP/GLP Financing II, Inc.          
4.000% 1/15/30   512,000    488,885 
4.000% 1/15/31   75,000    70,307 
Healthcare Realty Holdings LP          
2.050% 3/15/31   67,000    55,104 
2.400% 3/15/30   195,000    170,216 
3.100% 2/15/30   95,000    87,289 
3.625% 1/15/28   45,000    43,037 
Hudson Pacific Properties LP          
3.250% 1/15/30 (e)   416,000    315,405 
3.950% 11/01/27   68,000    61,465 
4.650% 4/01/29 (e)   135,000    112,109 
5.950% 2/15/28   10,000    9,171 
Invitation Homes Operating Partnership LP          
2.000% 8/15/31   405,000    339,916 
5.500% 8/15/33   65,000    66,921 
LXP Industrial Trust          
2.375% 10/01/31   430,000    360,124 
Prologis Euro Finance LLC          
4.625% 5/23/33 EUR (d)   310,000    371,647 
Realty Income Corp.          
5.125% 7/06/34 EUR (d)   270,000    331,757 
Rexford Industrial Realty LP          
2.150% 9/01/31   5,000    4,213 
VICI Properties LP          
4.950% 2/15/30   60,000    60,355 

 

 

 

 

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

 

   Principal
Amount
   Value 
VICI Properties LP/VICI Note Co., Inc.          
3.875% 2/15/29 (b)  $60,000   $57,464 
4.125% 8/15/30 (b)   19,000    18,043 
4.500% 1/15/28 (b)   48,000    47,350 
4.625% 6/15/25 (b)   15,000    14,908 
         4,497,314 
Retail — 0.2%          
Ferrellgas LP/Ferrellgas Finance Corp.          
5.875% 4/01/29 (b)   225,000    210,553 
Michaels Cos., Inc.          
5.250% 5/01/28 (b) (e)   170,000    125,478 
Papa John's International, Inc.          
3.875% 9/15/29 (b) (e)   200,000    185,097 
         521,128 
Savings & Loans — 0.1%          
Nationwide Building Society 1 day USD SOFR + 1.290%          
2.972% VRN 2/16/28 (b) (e)   215,000    207,328 
Software — 0.0%          
Helios Software Holdings, Inc./ION Corporate Solutions Finance SARL          
8.750% 5/01/29 (b)   30,000    30,665 
Open Text Corp.          
6.900% 12/01/27 (b)   50,000    52,739 
         83,404 
Telecommunications — 0.3%          
Altice France SA          
8.125% 2/01/27 (b) (e)   65,000    53,153 
Frontier Communications Holdings LLC          
8.625% 3/15/31 (b)   109,000    117,512 
Sprint Spectrum Co. LLC/Sprint Spectrum Co. II LLC/Sprint Spectrum Co. III LLC          
4.738% 9/20/29 (b)   86,875    86,647 
T-Mobile USA, Inc.          
3.750% 4/15/27   375,000    370,493 
4.700% 1/15/35   465,000    463,370 
         1,091,175 
Water — 0.1%          
Suez SACA          
2.875% 5/24/34 EUR (b) (d)   200,000    209,510 
           
TOTAL CORPORATE DEBT
(Cost $53,337,089)
        51,721,768 
           
MUNICIPAL OBLIGATIONS — 0.8%          
California — 0.1%          
California State University, Revenue Bonds, Series B,          
2.374% 11/01/35   5,000    4,062 
University of California, Revenue Bonds, Series BI,          
2.247% 5/15/34   290,000    240,325 
         244,387 

 

 

 

 

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

 

   Principal
Amount
   Value 
New Jersey — 0.1%          
Jersey City Municipal Utilities Authority, NJ, Revenue Bonds, Series B,          
5.470% 5/15/27  $400,000   $408,938 
New York — 0.6%          
City of New York, NY, General Obligation, Series G1,          
5.968% 3/01/36   500,000    542,836 
New York City Transitional Finance Authority, NY, Future Tax Secured Revenue, Revenue Bonds, Series G3,          
2.450% 11/01/34   560,000    465,295 
New York State Dormitory Authority, Revenue Bonds, Series H,          
5.289% 3/15/33   750,000    762,883 
         1,771,014 
           
TOTAL MUNICIPAL OBLIGATIONS
(Cost $2,659,289)
        2,424,339 
           
NON-U.S. GOVERNMENT AGENCY OBLIGATIONS — 16.3%          
Commercial Mortgage-Backed Securities — 3.1%          
BAMLL Commercial Mortgage Securities Trust, Series 2018-PARK, Class A,          
4.227% VRN 8/10/38 (b) (f)   620,000    594,316 
BX Commercial Mortgage Trust          
Series 2020-VIV4, Class A, 2.843% 3/09/44 (b)   1,160,000    1,050,922 
Series 2020-VIVA, Class D, 3.667% VRN 3/11/44 (b) (f)   780,000    700,145 
Series 2022-CSMO, Class A, 1 mo. USD Term SOFR + 2.115% 7.211% FRN 6/15/27 (b)   692,000    693,944 
BX Trust          
Series 2019-OC11, Class A, 3.202% 12/09/41 (b)   180,000    167,135 
Series 2019-OC11, Class E, 4.076% VRN 12/09/41 (b) (f)   300,000    268,660 
Series 2022-VAMF, Class C, 1 mo. USD Term SOFR + 1.580% 6.677% FRN 1/15/39 (b)   443,000    438,575 
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class D, 1 mo. USD Term SOFR + 3.188%          
8.285% FRN 3/15/35 (b)   894,000    890,651 
Century Plaza Towers, Series 2019-CPT, Class A          
2.865% 11/13/39 (b)   355,000    317,118 
DC Office Trust, Series 2019-MTC, Class A          
2.965% 9/15/45 (b)   375,000    330,323 
Grace Trust, Series 2020-GRCE, Class A          
2.347% 12/10/40 (b)   900,000    775,684 
GWT Trust, Series 2024-WLF2, Class B, 1 mo. USD Term SOFR + 2.141%          
7.237% FRN 5/15/41 (b)   601,000    601,562 
Hudson Yards Mortgage Trust          
Series 2019-55HY, Class A, 3.041% VRN 12/10/41 (b) (f)   375,000    341,286 
Series 2019-30HY, Class A, 3.228% 7/10/39 (b)   385,000    356,197 
JP Morgan Chase Commercial Mortgage Securities Trust, Series 2019-OSB, Class A          
3.397% 6/05/39 (b)   385,000    354,294 
MKT Mortgage Trust, Series 2020-525M, Class A          
2.694% 2/12/40 (b)   255,000    218,635 
One Bryant Park Trust, Series 2019-OBP, Class A          
2.516% 9/15/54 (b)   490,000    435,740 
SFAVE Commercial Mortgage Securities Trust, Series 2015-5AVE, Class A1,          
3.872% VRN 1/05/43 (b) (f)   655,000    585,349 
SMRT Commercial Mortgage Trust, Series 2022-MINI, Class F, 1 mo. USD Term SOFR + 3.350%          
8.447% FRN 1/15/39 (b)   630,000    600,383 

 

 

 

 

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

 

   Principal
Amount
   Value 
Wells Fargo Commercial Mortgage Trust, Series 2019-JWDR, Class E,          
3.989% VRN 9/15/31 (b) (f)  $281,000   $270,611 
         9,991,530 
Home Equity Asset-Backed Securities — 2.2%          
Aegis Asset-Backed Securities Trust Mortgage Pass-Through Certificates, Series 2005-4, Class M2, 1 mo. USD Term SOFR + 0.819%          
5.674% FRN 10/25/35   618,423    571,994 
Countrywide Asset-Backed Certificates Trust, Series 2004-7, Class MF2,          
4.128% VRN 10/25/34 (f)   1,434,255    1,374,181 
GSAMP Trust, Series 2005-HE5, Class M3, 1 mo. USD Term SOFR + 0.804%          
5.659% FRN 11/25/35   48,801    48,578 
JP Morgan Mortgage Acquisition Trust, Series 2007-HE1, Class AF4,          
4.341% STEP 3/25/47   2,503,010    1,660,106 
Long Beach Mortgage Loan Trust, Series 2006-9, Class 2A2, 1 mo. USD Term SOFR + 0.334%          
5.189% FRN 10/25/36   5,771,698    1,858,487 
Morgan Stanley Capital I, Inc. Trust, Series 2006-HE1, Class A4, 1 mo. USD Term SOFR + 0.694%          
5.549% FRN 1/25/36   702,573    671,604 
Saxon Asset Securities Trust, Series 2007-2, Class A2C, 1 mo. USD Term SOFR + 0.354%          
5.209% FRN 5/25/47   1,420,457    1,006,072 
         7,191,022 
Other Asset-Backed Securities — 3.9%          
Barings CLO Ltd., Series 2018-4A, Class A1R, 3 mo. USD Term SOFR + 1.150%          
6.451% FRN 10/15/30 (b)   794,375    794,945 
BlueMountain CLO Ltd., Series 2018-3A, Class BR, 3 mo. USD Term SOFR + 1.850%          
7.135% FRN 10/25/30 (b)   800,000    800,078 
Dryden 45 Senior Loan Fund, Series 2016-45A, Class BRR, 3 mo. USD Term SOFR + 1.650%          
6.242% FRN 10/15/30 (b)   700,000    700,124 
Dryden XXVI Senior Loan Fund, Series 2013-26A, Class AR, 3 mo. USD Term SOFR + 1.162%          
6.463% FRN 4/15/29 (b)   565,872    566,327 
FirstKey Homes Trust, Series 2020-SFR2, Class E          
2.668% 10/19/37 (b)   390,000    379,448 
HPS Loan Management Ltd., Series 2021-16A, Class A1, 3 mo. USD Term SOFR + 1.402%          
6.685% FRN 1/23/35 (b)   1,000,000    1,000,709 
Madison Park Funding XXIX Ltd., Series 2018-29A, Class AR, 3 mo. USD Term SOFR + 1.180%          
6.459% FRN 10/18/30 (b)   768,862    769,460 
Magnetite XII Ltd., Series 2015-12A, Class AR4, 3 mo. USD Term SOFR + 1.150%          
6.451% FRN 10/15/31 (b)   557,745    557,857 
Magnetite XXV Ltd., Series 2020-25A, Class A, 3 mo. USD Term SOFR + 1.462%          
6.746% FRN 1/25/32 (b)   724,223    724,611 
OCP CLO Ltd., Series 2014-6A, Class A1R2, 3 mo. USD Term SOFR + 1.150%          
6.436% FRN 10/17/30 (b)   523,204    523,458 
Progress Residential Trust          

 

 

 

 

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

 

   Principal
Amount
   Value 
Series 2021-SFR2, Class F, 3.395% 4/19/38 (b)  $1,150,000   $1,115,217 
Series 2021-SFR10, Class F, 4.608% 12/17/40 (b)   1,187,982    1,110,821 
Rockford Tower CLO Ltd.          
Series 2019-2A, Class AR2, 3 mo. USD Term SOFR + 1.130% 6.091% FRN 8/20/32 (b) (c)   1,600,000    1,600,283 
Series 2021-1A, Class A1, 3 mo. USD Term SOFR + 1.432% 6.714% FRN 7/20/34 (b)   850,000    851,267 
TIAA CLO IV Ltd., Series 2018-1A, Class A1AR, 3 mo. USD Term SOFR + 1.140%          
6.422% FRN 1/20/32 (b)   700,000    700,942 
Vantage Data Centers Issuer LLC, Series 2020-1A, Class A2          
1.645% 9/15/45 (b)   444,000    429,535 
         12,625,082 
Student Loans Asset-Backed Securities — 1.2%          
Access Group, Inc., Series 2015-1, Class A, 30 day USD SOFR Average + 0.814%          
6.095% FRN 7/25/56 (b)   204,631    203,407 
Collegiate Funding Services Education Loan Trust, Series 2005-A, Class A4, 90 day USD SOFR Average + 0.462%          
5.794% FRN 3/28/35   746,012    718,412 
SLM Student Loan Trust          
Series 2007-7, Class A4, 90 day USD SOFR Average + 0.592% 5.951% FRN 1/25/22   288,392    282,677 
Series 2012-7, Class A3, 30 day USD SOFR Average + 0.764% 6.045% FRN 5/26/26   420,408    410,899 
Series 2012-2, Class A, 30 day USD SOFR Average + 0.814% 6.095% FRN 1/25/29   489,698    477,800 
Series 2012-1, Class A3, 30 day USD SOFR Average + 1.064% 6.345% FRN 9/25/28   394,437    389,624 
Series 2008-6, Class A4, 90 day USD SOFR Average + 1.362% 6.721% FRN 7/25/23   511,284    506,887 
Series 2008-5, Class B, 90 day USD SOFR Average + 2.112% 7.471% FRN 7/25/73   700,000    701,911 
         3,691,617 
Whole Loan Collateral Collateralized Mortgage Obligations — 5.9%          
American Home Mortgage Investment Trust, Series 2005-1, Class 6A, 6 mo. USD Term SOFR + 2.428%          
7.183% FRN 6/25/45   141,328    139,941 
Angel Oak Mortgage Trust          
Series 2021-7, Class A1, 1.978% VRN 10/25/66 (b) (f)   189,238    164,326 
Series 2022-6, Class A1, 4.300% STEP 7/25/67 (b)   746,448    744,989 
Chase Mortgage Finance Trust, Series 2007-A1, Class 11A4,          
4.684% VRN 3/25/37 (f)   182,485    175,441 
Citigroup Mortgage Loan Trust, Series 2005-11, Class A2A, 1 yr. CMT + 2.400%          
7.230% FRN 10/25/35   130,891    132,633 
COLT Mortgage Loan Trust, Series 2021-6, Class A1,          
1.907% VRN 12/25/66 (b) (f)   587,118    530,420 
Countrywide Alternative Loan Trust          
Series 2006-OA6, Class 1A2, 1 mo. USD Term SOFR + 0.534% 5.389% FRN 7/25/46   721,407    635,829 
Series 2005-31, Class 2A1, 1 mo. USD Term SOFR + 0.714% 5.569% FRN 8/25/35   678,169    611,374 
Credit Suisse Mortgage Trust, Series 2018-RPL9, Class A,          
3.850% VRN 9/25/57 (b) (f)   656,668    635,580 

 

 

 

 

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

 

   Principal
Amount
   Value 
Deephaven Residential Mortgage Trust, Series 2021-4, Class A1,          
1.931% VRN 11/25/66 (b) (f)  $1,257,508   $1,103,129 
Deutsche Alt-A Securities, Inc. Mortgage Loan Trust, Series 2005-1, Class 1A3, 1 mo. USD Term SOFR + 0.614%          
5.469% FRN 2/25/35   1,027,643    996,197 
First Franklin Mortgage Loan Trust, Series 2006-FFH1, Class M1, 1 mo. USD Term SOFR + 0.669%          
5.524% FRN 1/25/36   541,873    528,282 
First Horizon Mortgage Pass-Through Trust, Series 2005-AR5, Class 2A1,          
5.741% VRN 11/25/35 (f)   170,141    138,110 
GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1,          
1.750% VRN 12/25/60 (b) (f)   1,299,425    1,212,031 
GS Mortgage-Backed Securities Trust, Series 2018-RPL1, Class A1A          
3.750% 10/25/57 (b)   479,726    470,223 
HarborView Mortgage Loan Trust, Series 2006-10, Class 1A1A, 1 mo. USD Term SOFR + 0.514%          
5.856% FRN 11/19/36   1,456,674    1,170,613 
Impac CMB Trust, Series 2005-1, Class 1A1, 1 mo. USD Term SOFR + 0.634%          
5.489% FRN 4/25/35   780,384    737,147 
IndyMac Index Mortgage Loan Trust          
Series 2005-AR19, Class A1, 3.846% VRN 10/25/35 (f)   604,488    464,854 
Series 2006-AR27, Class 1A3, 1 mo. USD Term SOFR + 0.654% 5.509% FRN 10/25/36   1,148,212    504,134 
JP Morgan Mortgage Trust, Series 2021-13, Class A3,          
2.500% VRN 4/25/52 (b) (f)   1,521,939    1,281,936 
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2005-AR1, Class M1, 1 mo. USD Term SOFR + 1.184%          
6.039% FRN 2/25/35   380,201    373,612 
OBX Trust, Series 2021-J3, Class A1,          
2.500% VRN 10/25/51 (b) (f)   1,613,779    1,356,268 
Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-4, Class M2, 1 mo. USD Term SOFR + 0.864%          
5.719% FRN 11/25/35   1,450,000    1,416,181 
Structured Asset Mortgage Investments II Trust, Series 2006-AR8, Class A2, 1 mo. USD Term SOFR + 0.534%          
5.389% FRN 10/25/36   1,477,499    1,332,852 
Washington Mutual Mortgage Pass-Through Certificates Trust          
Series 2005-AR15, Class A1A1, 1 mo. USD Term SOFR + 0.634% 5.489% FRN 11/25/45   1,372,115    1,280,055 
Series 2005-AR13, Class A1A1, 1 mo. USD Term SOFR + 0.694% 5.549% FRN 10/25/45   241,160    232,533 
Series 2005-AR2, Class 2A21, 1 mo. USD Term SOFR + 0.774% 5.629% FRN 1/25/45   197,177    197,335 
Series 2006-1, Class 3A2, 5.750% 2/25/36   414,281    380,241 
         18,946,266 
           
TOTAL NON-U.S. GOVERNMENT AGENCY OBLIGATIONS
(Cost $52,960,169)
        52,445,517 
           
SOVEREIGN DEBT OBLIGATIONS — 0.6%          
Brazilian Government International Bond          
6.125% 3/15/34   200,000    203,808 
Colombia Government International Bond          
3.125% 4/15/31   200,000    165,000 
Dominican Republic International Bond          
4.500% 1/30/30 (b)   200,000    190,957 

 

 

 

 

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

 

   Principal
Amount
   Value 
Mexico Government International Bond          
4.875% 5/19/33 (e)  $300,000   $287,399 
Panama Government International Bond          
6.400% 2/14/35   200,000    204,688 
Paraguay Government International Bond          
4.950% 4/28/31 (b)   200,000    199,437 
Perusahaan Penerbit SBSN Indonesia III          
2.550% 6/09/31 (b)   200,000    177,716 
Republic of South Africa Government International Bond          
5.875% 4/20/32   250,000    249,094 
Romanian Government International Bond          
3.000% 2/14/31 (b)   110,000    95,946 
         1,774,045 
           
TOTAL SOVEREIGN DEBT OBLIGATIONS
(Cost $1,783,695)
        1,774,045 
           
U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES (g) — 38.2%          
Collateralized Mortgage Obligations — 0.9%          
Federal Home Loan Mortgage Corp. REMICS          
Series 4818, Class CA, 3.000% 4/15/48   124,727    112,675 
Series 4639, Class HZ, 3.250% STEP 4/15/53   1,707,872    1,439,267 
Series 4846, Class PA, 4.000% 6/15/47   26,785    26,619 
Federal National Mortgage Association REMICS          
Series 2018-43, Class CT, 3.000% 6/25/48   222,056    200,891 
Series 2018-57, Class QA, 3.500% 5/25/46   27,589    27,350 
Government National Mortgage Association REMICS          
Series 2018-124, Class NW, 3.500% 9/20/48   213,257    198,107 
Series 2019-15, Class GT, 3.500% 2/20/49   133,999    124,340 
Series 2024-97, Class FW, 30 day USD SOFR Average + 1.150% 6.495% FRN 6/20/54   298,898    298,553 
Series 2024-30, Class AF, 30 day USD SOFR Average + 1.250% 6.500% FRN 2/20/54   491,192    491,064 
         2,918,866 
Pass-Through Securities — 37.0%          
Federal Home Loan Mortgage Corp.          
Pool #QD7213 2.000% 2/01/52   1,960,856    1,623,945 
Pool #SD8199 2.000% 3/01/52   1,184,240    980,765 
Pool #QE0312 2.000% 4/01/52   1,098,280    908,545 
Pool #RA4179 2.500% 12/01/50   1,502,136    1,297,781 
Pool #SD8194 2.500% 2/01/52   1,454,669    1,257,681 
Pool #RA6815 2.500% 2/01/52   1,977,972    1,718,155 
Pool #SD8205 2.500% 4/01/52   1,581,404    1,366,266 
Pool #SD8212 2.500% 5/01/52   1,544,826    1,334,663 
Pool #G08710 3.000% 6/01/46   84,885    77,818 
Pool #ZM1779 3.000% 9/01/46   431,187    394,844 
Pool #G08726 3.000% 10/01/46   639,757    586,497 
Pool #G08732 3.000% 11/01/46   233,292    213,725 
Pool #G08741 3.000% 1/01/47   646,223    592,021 
Pool #QD8259 3.000% 3/01/52   1,768,494    1,592,495 
Pool #SD8220 3.000% 6/01/52   2,286,684    2,053,219 
Pool #G07848 3.500% 4/01/44   996,502    956,908 
Pool #G60023 3.500% 4/01/45   918,934    879,068 
Pool #G08711 3.500% 6/01/46   277,223    262,597 
Pool #G08716 3.500% 8/01/46   389,641    369,084 

 

 

 

 

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

 

   Principal
Amount
   Value 
Pool #G67700 3.500% 8/01/46  $461,096   $439,507 
Pool #G08722 3.500% 9/01/46   68,059    64,468 
Pool #G08742 3.500% 1/01/47   318,202    301,116 
Pool #G08757 3.500% 4/01/47   81,378    77,008 
Pool #ZA5103 3.500% 12/01/47   3,053    2,880 
Pool #G67707 3.500% 1/01/48   1,675,266    1,598,399 
Pool #G08800 3.500% 2/01/48   28,250    26,680 
Pool #G08816 3.500% 6/01/48   224,825    212,121 
Pool #G61556 3.500% 8/01/48   385,534    365,556 
Pool #G60344 4.000% 12/01/45   492,896    484,029 
Pool #G67711 4.000% 3/01/48   541,732    530,462 
Pool #G67713 4.000% 6/01/48   2,246    2,193 
Pool #SD3246 4.000% 8/01/52   1,675,534    1,609,590 
Pool #RA7921 4.000% 9/01/52   1,570,386    1,513,954 
Pool #SD5321 4.000% 10/01/52   1,682,093    1,616,915 
Pool #SD5323 4.000% 1/01/54   872,650    838,291 
Pool #G08843 4.500% 10/01/48   103,371    103,216 
Pool #SD2322 4.500% 9/01/52   481,651    473,631 
Pool #SD8275 4.500% 12/01/52   2,144,553    2,108,846 
Pool #SD2730 4.500% 4/01/53   1,408,660    1,385,205 
Pool #G08833 5.000% 7/01/48   69,753    70,976 
Pool #G08844 5.000% 10/01/48   63,506    64,620 
Federal National Mortgage Association          
Pool #MA4176 2.000% 11/01/40   1,116,344    977,910 
Pool #MA4333 2.000% 5/01/41   166,644    145,667 
Pool #MA4158 2.000% 10/01/50   931,043    774,855 
Pool #BQ6913 2.000% 12/01/51   2,081,282    1,723,679 
Pool #MA4492 2.000% 12/01/51   1,595,352    1,321,240 
Pool #BQ7006 2.000% 1/01/52   3,299,915    2,732,928 
Pool #CB2802 2.000% 2/01/52   1,041,679    867,256 
Pool #MA4562 2.000% 3/01/52   3,931,479    3,255,978 
Pool #FS1598 2.000% 4/01/52   1,495,232    1,238,323 
Pool #FS8510 2.000% 10/01/52   1,088,396    901,389 
Pool #MA4512 2.500% 1/01/52   1,538,522    1,329,506 
Pool #MA4548 2.500% 2/01/52   1,477,028    1,277,012 
Pool #MA4563 2.500% 3/01/52   1,510,347    1,304,876 
Pool #MA1607 3.000% 10/01/33   221,012    213,020 
Pool #MA3811 3.000% 10/01/49   189,256    170,170 
Pool #CB2430 3.000% 12/01/51   2,657,215    2,391,110 
Pool #CB2545 3.000% 1/01/52   1,526,543    1,373,668 
Pool #BV8477 3.000% 5/01/52   511,741    460,773 
Pool #AB4262 3.500% 1/01/32   178,605    175,692 
Pool #MA1512 3.500% 7/01/33   94,009    92,065 
Pool #MA1148 3.500% 8/01/42   569,634    542,855 
Pool #CA0996 3.500% 1/01/48   110,381    104,545 
Pool #MA3305 3.500% 3/01/48   21,696    20,461 
Pool #BL1132 3.730% 1/01/29   920,000    906,383 
Pool #MA1146 4.000% 8/01/42   234,193    229,399 
Pool #AS9830 4.000% 6/01/47   108,093    105,256 
Pool #MA3027 4.000% 6/01/47   164,011    159,706 
Pool #AS9972 4.000% 7/01/47   99,580    96,966 
Pool #FS4947 4.000% 1/01/53   846,186    813,398 
Pool #931504 4.500% 7/01/39   33,624    33,907 
Pool #CA1710 4.500% 5/01/48   366,977    366,142 
Pool #CA1711 4.500% 5/01/48   115,655    115,392 
Pool #CA2208 4.500% 8/01/48   206,968    206,432 
Pool #MA4701 4.500% 8/01/52   612,333    602,138 
Pool #MA4733 4.500% 9/01/52   388,143    381,680 

 

 

 

 

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

 

   Principal
Amount
   Value 
Pool #CB4800 4.500% 10/01/52  $1,975,638   $1,942,743 
Pool #BW9897 4.500% 10/01/52   669,572    658,392 
Pool #FS4701 4.500% 4/01/53   1,645,213    1,617,820 
Pool #AD6374 5.000% 5/01/40   6,956    7,144 
Pool #AI2733 5.000% 5/01/41   78,246    80,438 
Pool #MA4978 5.000% 4/01/53   157,836    157,861 
Pool #FS7252 5.000% 11/01/53   987,175    986,409 
Pool #977014 5.500% 5/01/38   7,297    7,596 
Pool #985524 5.500% 6/01/38   11,925    12,429 
Pool #988578 5.500% 8/01/38   72,839    76,007 
Pool #995482 5.500% 1/01/39   46,435    48,364 
Government National Mortgage Association II          
Pool #MA4126 3.000% 12/20/46   498,633    458,541 
Pool #MA4718 3.000% 9/20/47   54,088    49,671 
Pool #MA4836 3.000% 11/20/47   189,321    173,862 
Pool #MA6209 3.000% 10/20/49   166,435    148,632 
Pool #MA3521 3.500% 3/20/46   192,869    183,422 
Pool #MA3597 3.500% 4/20/46   60,054    57,113 
Pool #MA3663 3.500% 5/20/46   87,501    83,215 
Pool #MA3937 3.500% 9/20/46   72,095    68,519 
Pool #MA4127 3.500% 12/20/46   264,221    250,866 
Pool #MA4262 3.500% 2/20/47   267,832    254,211 
Pool #MA4382 3.500% 4/20/47   68,498    64,993 
Pool #MA4719 3.500% 9/20/47   84,181    79,848 
Pool #MA4837 3.500% 11/20/47   174,500    165,517 
Pool #MA4900 3.500% 12/20/47   627,452    594,955 
Pool #MA4653 4.000% 8/20/47   33,229    32,463 
Pool #MA4838 4.000% 11/20/47   137,626    134,283 
Pool #MA4901 4.000% 12/20/47   60,496    59,027 
Pool #MA5078 4.000% 3/20/48   204,541    199,572 
Pool #MA5466 4.000% 9/20/48   228,292    222,604 
Pool #MA5399 4.500% 8/20/48   413,767    412,323 
Pool #MA8347 4.500% 10/20/52   1,707,712    1,687,346 
Pool #MA3666 5.000% 5/20/46   70,008    71,707 
Pool #MA4199 5.000% 1/20/47   71,519    73,161 
Pool #MA4454 5.000% 5/20/47   110,686    113,588 
Pool #MA4722 5.000% 9/20/47   122,537    125,520 
Government National Mortgage Association II, TBA          
2.500% 10/20/54 (c)   4,850,000    4,272,053 
4.000% 10/20/54 (c)   3,500,000    3,384,014 
4.500% 10/20/54 (c)   3,150,000    3,109,882 
5.000% 10/20/54 (c)   4,075,000    4,082,515 
5.500% 10/20/54 (c)   2,450,000    2,473,730 
Uniform Mortgage-Backed Security, TBA          
2.000% 10/01/54 (c)   2,875,000    2,377,266 
2.500% 10/01/54 (c)   3,500,000    3,020,254 
3.000% 10/01/54 (c)   1,825,000    1,637,937 
3.500% 10/01/54 (c)   6,900,000    6,427,511 
4.000% 10/01/54 (c)   3,175,000    3,049,116 
4.500% 10/01/54 (c)   3,875,000    3,809,458 
5.000% 10/01/54 (c)   5,200,000    5,195,938 
5.500% 10/01/54 (c)   4,525,000    4,577,851 
         118,545,204 
Whole Loans — 0.3%          
Federal National Mortgage Association Connecticut Avenue Securities, Series 2022-R03, Class 1M2, 30 day USD SOFR Average + 3.500%          
8.780% FRN 3/25/42 (b)   1,000,000    1,051,163 

 

 

 

 

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

 

   Principal
Amount
   Value 
TOTAL U.S. GOVERNMENT AGENCY OBLIGATIONS AND INSTRUMENTALITIES
(Cost $124,593,888)
       $122,515,233 
           
U.S. TREASURY OBLIGATIONS — 40.1%          
U.S. Treasury Bonds & Notes — 40.1%          
U.S. Treasury Bonds          
4.125% 8/15/44 (e)   18,555,000    18,409,980 
4.250% 8/15/54   14,893,000    15,209,378 
4.625% 5/15/44   1,100,000    1,166,020 
U.S. Treasury Notes          
3.375% 9/15/27   11,200,000    11,143,119 
3.500% 9/30/26   14,200,000    14,160,074 
3.500% 9/30/29   46,660,000    46,521,406 
3.750% 8/31/26 (e)   1,824,000    1,826,810 
3.875% 8/15/34   20,207,000    20,349,152 
         128,785,939 
           
TOTAL U.S. TREASURY OBLIGATIONS
(Cost $128,504,639)
        128,785,939 
           
TOTAL BONDS & NOTES
(Cost $368,358,458)
        364,061,700 
           
           
   Number of
Shares
    
EQUITIES — 0.1%          
COMMON STOCK — 0.1%          
Communication Services — 0.1%          
Intelsat SA (h)   7,225    222,624 
           
TOTAL COMMON STOCK
(Cost $676,994)
        222,624 
           
TOTAL EQUITIES
(Cost $676,994)
        222,624 
           
TOTAL LONG-TERM INVESTMENTS
(Cost $369,035,452)
        364,284,324 
           
           
SHORT-TERM INVESTMENTS — 4.9%          
Investment of Cash Collateral from Securities Loaned — 2.2%          
State Street Navigator Securities Lending Government Money Market Portfolio (i)   7,219,818    7,219,818 
           
   Principal
Amount
    
Repurchase Agreement — 2.7%          
Fixed Income Clearing Corp., Repurchase Agreement, dated 9/30/24, 1.520%, due 10/01/24 (j)  $8,785,957   8,785,957 
U.S. Treasury Bill — 0.0%          
U.S. Treasury Bills          
5.301% 11/12/24 (e) (k)   25,000    24,863 

 

 

 

 

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

 

   Principal
Amount
   Value 
TOTAL SHORT-TERM INVESTMENTS
(Cost $16,030,625)
       $16,030,638 
           
TOTAL INVESTMENTS — 118.5%
(Cost $385,066,077) (l)
        380,314,962 
           
Other Assets/(Liabilities) — (18.5)%        (59,309,055) 
           
NET ASSETS — 100.0%       $321,005,907 

 

Abbreviation Legend

CLO Collateralized Loan Obligation
CMT Constant Maturity Treasury Index
FRN Floating Rate Note
LIBOR London InterBank Offered Rate
PIK Payment in kind
REMICS Real Estate Mortgage Investment Conduits
SOFR Secured Overnight Financing Rate
STEP Step Coupon Bond
TBA To Be Announced
VRN Variable Rate Note

 

Notes to Portfolio of Investments

Percentages are stated as a percent of net assets.

(a) This security is fair valued in good faith in accordance with procedures approved by the Board of Trustees. At September 30, 2024, these securities amounted to a value of $17,522 or 0.01% of net assets.
(b) Security is exempt from registration under Regulation S or Rule 144A of the Securities Act of 1933. These securities are considered restricted and may be resold in transactions exempt from registration. At September 30, 2024, the aggregate market value of these securities amounted to $47,985,119 or 14.95% of net assets.
(c) A portion of this security is purchased on a when-issued, delayed-delivery or forward commitment basis.
(d) The principal amount of the security is in foreign currency. The market value is in U.S. dollars.
(e) Denotes all or a portion of security on loan. The total value of securities on loan as of September 30, 2024, was $18,735,464 or 5.84% of net assets. The Fund received $11,953,995 of non-cash collateral (U.S. Treasury and/or Agency obligations) related to securities lending activity. This amount is not reflected on the Portfolio of Investments. (Note 2).
(f) Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities do not indicate a reference rate and spread in their description above. The rates shown are the current interest rates at September 30, 2024.
(g) May contain securities that are issued by a U.S. Government Agency, but are unsecured and are not guaranteed by a U.S. Government Agency.
(h) Non-income producing security.
(i) Represents investment of security lending cash collateral. (Note 2).
(j) Maturity value of $8,786,328. Collateralized by U.S. Government Agency obligations with a rate of 4.875%, maturity date of 4/30/26, and an aggregate market value, including accrued interest, of $8,961,867.
(k) The rate shown represents yield-to-maturity.
(l) See Note 3 for aggregate cost for federal tax purposes.

 

Forward contracts
Counterparty  Settlement Date  Currency Purchased  Currency Sold  Unrealized Appreciation (Depreciation) 
Bank of America N.A.  10/02/24  EUR  101,085   USD  112,635   $(112) 
Bank of America N.A.  10/11/24  EUR  83,000   USD  90,089    2,335 
Bank of America N.A.  10/11/24  USD  501,866   EUR  453,000    (2,570) 
Bank of New York  10/11/24  USD  16,710   EUR  15,000    7 
Citibank N.A.  10/11/24  EUR  714,000   USD  781,971    13,100 
Citibank N.A.  10/11/24  USD  342,197   GBP  267,000    (14,768) 
Citibank N.A.  10/11/24  USD  4,177,807   EUR  3,840,000    (98,213) 
Goldman Sachs International  10/11/24  EUR  111,000   USD  120,522    3,082 
Goldman Sachs International  10/11/24  USD  933,132   EUR  840,000    (2,247)
                    $(99,386)

 

Futures contracts               
   Expiration
Date
  Number of
Contracts
   Notional
Amount
   Value/Net Unrealized
Appreciation
(Depreciation)
 
Long               
U.S. Treasury Ultra 10 Year  12/19/24   6   $707,775  $2,006 
U.S. Treasury Ultra Bond  12/19/24   2    266,784   (596) 
U.S. Treasury Note 2 Year  12/31/24   430    89,304,988    239,153 
                $240,563 
Short               
Euro-BOBL  12/06/24   6   $(794,848)  $(6,954) 
Euro-Bund  12/06/24   20    (2,985,764)   (17,958) 
Euro-Buxl 30 Year Bond  12/06/24   3    (454,428)   (672) 
UK Long Gilt  12/27/24   2    (265,685)    2,493 
                $(23,091) 

 

Centrally Cleared Interest Rate Swaps
Paid by the Fund  Received by the Fund                      
Rate/ Reference  Frequency  Rate/ Reference   Frequency   Termination Date   Notional
Amount
  Value   Upfront Premium Paid/ (Received)   Unrealized Appreciation (Depreciation) 
Fixed 3.520%  Annually   12-Month USD SOFR    Annually    12/20/53   USD   2,201,000   $(81,647)   $   $(81,647) 

 

Currency Legend

EUR Euro
GBP British Pound
USD U.S. Dollar

 

 

 

 

Notes to Portfolio of Investments (Unaudited)

 

1. The Funds

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

 

MML Conservative Allocation Fund ("Conservative Allocation Fund")

MML Balanced Allocation Fund ("Balanced Allocation Fund")

MML Moderate Allocation Fund ("Moderate Allocation Fund")

MML Growth Allocation Fund ("Growth Allocation Fund")

MML Aggressive Allocation Fund ("Aggressive Allocation Fund")

MML American Funds Growth Fund

MML American Funds Core Allocation Fund

MML Blue Chip Growth Fund ("Blue Chip Growth Fund")

MML Equity Income Fund ("Equity Income Fund")

MML Equity Index Fund ("Equity Index Fund")

MML Focused Equity Fund ("Focused Equity Fund")

MML Foreign Fund ("Foreign Fund")

MML Fundamental Equity Fund ("Fundamental Equity Fund")

MML Fundamental Value Fund ("Fundamental Value Fund")

MML Global Fund ("Global Fund")

MML Income & Growth Fund ("Income & Growth Fund")

MML International Equity Fund ("International Equity Fund")

MML Large Cap Growth Fund ("Large Cap Growth Fund")

MML Managed Volatility Fund ("Managed Volatility Fund")

MML Mid Cap Growth Fund ("Mid Cap Growth Fund")

MML Mid Cap Value Fund ("Mid Cap Value Fund")

MML Small Cap Growth Equity Fund ("Small Cap Growth Equity Fund")

MML Small Company Value Fund ("Small Company Value Fund")

MML Small/Mid Cap Value Fund ("Small/Mid Cap Value Fund")

MML Sustainable Equity Fund ("Sustainable Equity Fund")

MML Total Return Bond Fund ("Total Return Bond Fund")

 

The Trust makes shares of the Funds available for the investment of assets of various separate investment accounts established by Massachusetts Mutual Life Insurance Company ("MassMutual") and by life insurance companies which are subsidiaries of MassMutual. Shares of the Trust are not offered to the general public. MassMutual, MML Bay State Life Insurance Company, C.M. Life Insurance Company, and the Allocation Funds (as defined below), which are "funds of funds" series of the Trust, are the record owners of all of the outstanding shares of the Funds.

 

The Conservative Allocation Fund, Balanced Allocation Fund, Moderate Allocation Fund, Growth Allocation Fund, and Aggressive Allocation Fund (the "Allocation Funds") invest their investable assets in shares of series of the Trust and MML Series Investment Fund II advised by MML Investment Advisers, LLC ("MML Advisers") and non-affiliated mutual funds (together, the "MML Underlying Funds").

 

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

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

2. Significant Accounting Policies

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

 

Investment Valuation

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

 

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

 

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

 

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

 

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

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

The Board of Trustees ("Trustees") have designated MML Advisers as the Funds' "valuation designee," responsible for determining the fair value, in good faith, of securities and other instruments held by the Funds for which market quotations are not readily available or for which such market quotations or values are considered by MML Advisers or a subadviser to be unreliable (including, for example, certain foreign securities, thinly-traded securities, certain restricted securities, certain initial public offerings, or securities whose values may have been affected by a significant event). It is possible that a significant amount of a Fund's assets will be subject to fair valuation in accordance with MML Advisers' fair valuation policy and procedures. The fair value determined for an investment by MML Advisers may differ from recent market prices for the investment and may be significantly different from the value realized upon the sale of such investment.

 

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

 

Investments in equity or debt issued by privately held companies or funds ("Private Company" or collectively, the "Private Companies") and any other investments fair valued using significant unobservable inputs may be fair valued using alternate valuation approaches including, but not limited to, the following:

 

Market approach: considers factors including the price of recent investments in the same or similar security or financial metrics of comparable securities.

 

Income approach: considers factors including expected future cash flows, security specific risks, and corresponding discount rates.

 

Cost approach: considers factors including the value of the security's underlying assets and liabilities.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

The Focused Equity Fund and Small/Mid Cap Value Fund characterized all long-term investments at Level 1, and all short-term investments at Level 2, as of September 30, 2024. The Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund characterized all investments at Level 1, as of September 30, 2024. For each Fund noted in the preceding sentences, the level classification by major category of investments is the same as the category presentation in the Portfolio of Investments.

 

The following is the aggregate value by input level, as of September 30, 2024, for the remaining Funds' investments:

 

Blue Chip Growth Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $484,501,264   $1,013,621   $504,593   $486,019,478 
Preferred Stock           1,082,625    1,082,625 
Corporate Debt       1,170,844        1,170,844 
Exchange-Traded Funds   7,461,039            7,461,039 
Short-Term Investments   832,336    2,797,848        3,630,184 
Total Investments  $492,794,639   $4,982,313   $1,587,218   $499,364,170 

 

Equity Income Fund

 

Asset Investments                
Common Stock  $332,731,916   $11,004,072*  $    —   $343,735,988 
Preferred Stock   739,674    1,632,881*       2,372,555 
Short-Term Investments   1,324,864    2,408,642        3,733,506 
Total Investments  $334,796,454   $15,045,595   $   $349,842,049 

 

Equity Index Fund

 

Asset Investments                
Common Stock  $637,647,869   $   $   —   $637,647,869 
Short-Term Investments       3,626,870        3,626,870 
Total Investments  $637,647,869   $3,626,870   $   $641,274,739 
                     
Asset Derivatives                    
Futures Contracts  $77,647   $   $   $77,647 

 

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Foreign Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock*                    
Australia  $   $7,903,926   $    —   $7,903,926 
Belgium   693,681    5,051,571        5,745,252 
Brazil       426,071        426,071 
Canada   981,511            981,511 
China       1,522,368        1,522,368 
Denmark       619,181        619,181 
France       15,511,143        15,511,143 
Germany       17,937,026        17,937,026 
Hong Kong       2,238,058        2,238,058 
Ireland   2,131,200    1,420,490        3,551,690 
Israel   1,658,166            1,658,166 
Italy       508,920        508,920 
Japan       34,341,716        34,341,716 
Luxembourg       2,653,282        2,653,282 
Netherlands       5,657,672        5,657,672 
Norway       1,597,634        1,597,634 
Republic of Korea       2,365,028        2,365,028 
Singapore       2,466,844        2,466,844 
Sweden       5,151,083        5,151,083 
Switzerland       4,561,446        4,561,446 
United Kingdom       26,563,647        26,563,647 
United States   4,792,720    16,502,162        21,294,882 
Preferred Stock*                    
Germany       939,625        939,625 
Short-Term Investments   5,415,947    9,884,221        15,300,168 
Total Investments  $15,673,225   $165,823,114   $   $181,496,339 

 

Fundamental Equity Fund

 

Asset Investments                
Common Stock  $145,945,873   $1,728,947*  $   $147,674,820 
Short-Term Investments       1,164,323         —    1,164,323 
Total Investments  $145,945,873   $2,893,270   $   $148,839,143 

 

Fundamental Value Fund

 

Asset Investments                
Common Stock  $175,611,009   $   $    —   $175,611,009 
Short-Term Investments   1,076,794    2,366,972      —    3,443,766 
Total Investments  $176,687,803   $2,366,972   $   $179,054,775 

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Global Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock*                    
Austria  $   $837,804   $    —   $837,804 
Canada   4,199,868            4,199,868 
Denmark       1,038,088        1,038,088 
France       11,535,005        11,535,005 
Germany       4,281,902        4,281,902 
Ireland   1,693,523            1,693,523 
Israel   1,870,643            1,870,643 
Japan       3,412,098        3,412,098 
Mexico   294,031            294,031 
Netherlands       2,807,238        2,807,238 
Republic of Korea       1,125,308        1,125,308 
Spain       4,562,251        4,562,251 
Sweden       562,036        562,036 
Switzerland       5,246,756        5,246,756 
United Kingdom       10,319,419        10,319,419 
United States   67,998,991    9,855,660        77,854,651 
Short-Term Investments   2,373,175    818,751        3,191,926 
Total Investments  $78,430,231   $56,402,316   $   $134,832,547 

 

Income & Growth Fund

 

Asset Investments                
Common Stock  $145,693,190   $   $   —   $145,693,190 
Short-Term Investments   2,921,792    2,385,737        5,307,529 
Total Investments  $148,614,982   $2,385,737   $   $151,000,719 

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

International Equity Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock*                    
Australia  $   $3,261,965   $   $3,261,965 
Belgium   614,301    1,867,818        2,482,119 
Canada   7,430,540            7,430,540 
China       6,515,982        6,515,982 
Denmark       6,892,319        6,892,319 
France       37,462,761        37,462,761 
Germany       33,709,114        33,709,114 
Hong Kong       5,319,934        5,319,934 
India   1,976,458    519,747        2,496,205 
Indonesia       397,541        397,541 
Ireland       1,540,991        1,540,991 
Israel   1,666,842            1,666,842 
Italy   3,337,108    5,604,993        8,942,101 
Japan       28,886,142        28,886,142 
Luxembourg       1,191,540        1,191,540 
Netherlands       5,993,041        5,993,041 
Portugal       1,227,879        1,227,879 
Republic of Korea       2,433,478        2,433,478 
Singapore       2,211,428        2,211,428 
Spain       2,638,181        2,638,181 
Sweden       2,410,403        2,410,403 
Switzerland       18,789,946        18,789,946 
Taiwan   3,119,982            3,119,982 
United Kingdom       24,072,071        24,072,071 
United States   4,998,242    18,681,785        23,680,027 
Preferred Stock*                    
Republic of Korea       1,184,173        1,184,173 
Short-Term Investments   529,301    3,733,059        4,262,360 
Total Investments  $23,672,774   $216,546,291   $    —   $240,219,065 

 

Large Cap Growth Fund

 

Asset Investments                
Common Stock  $216,782,770   $   $   $216,782,770 
Short-Term Investments   2,057,060    1,736,758        —    3,793,818 
Total Investments  $218,839,830   $1,736,758   $   $220,576,588 

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Managed Volatility Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $101,150,260   $   $   $101,150,260 
Corporate Debt           +    
Purchased Options   621,475            621,475 
Rights           +    
Short-Term Investments       1,663,797        1,663,797 
Total Investments  $101,771,735   $1,663,797   $     —   $103,435,532 
                     
Liability Derivatives                    
Written Options  $(1,562,981)  $   $ —   $(1,562,981)

 

Mid Cap Growth Fund

 

Asset Investments                
Common Stock  $324,206,619   $   $   $324,206,619 
Preferred Stock           784,288    784,288 
Short-Term Investments   245,258    12,434,095        12,679,353 
Total Investments  $324,451,877   $12,434,095   $784,288   $337,670,260 

 

Mid Cap Value Fund

 

Asset Investments                
Common Stock  $242,610,688   $21,385,729*  $   $263,996,417 
Preferred Stock       1,945,775*       1,945,775 
Short-Term Investments   48,575    4,428,275        —    4,476,850 
Total Investments  $242,659,263   $27,759,779   $   $270,419,042 
                     
Asset Derivatives                    
Forward Contracts  $   $3,343   $   $3,343 
                     
Liability Derivatives                    
Forward Contracts  $   $(20,795)  $   $(20,795)

 

Small Cap Growth Equity Fund

 

Asset Investments                
Common Stock  $153,704,466   $   $   $153,704,466 
Exchange-Traded Funds   319,280            319,280 
Short-Term Investments   175,878    2,371,004         —    2,546,882 
Total Investments  $154,199,624   $2,371,004   $   $156,570,628 

 

 

  

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Small Company Value Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Common Stock  $67,241,700   $462,964*  $   $67,704,664 
Short-Term Investments   359,706    567,272        926,978 
Total Investments  $67,601,406   $1,030,236   $    —   $68,631,642 
                     
Liability Derivatives                    
Forward Contracts  $   $(2,375)  $   $(2,375)

 

Sustainable Equity Fund

 

Asset Investments                
Common Stock  $146,171,111   $1,704,904*  $   $147,876,015 
Exchange-Traded Funds   198,426            198,426 
Short-Term Investments       327,630        —    327,630 
Total Investments  $146,369,537   $2,032,534   $   $148,402,071 
                     
Asset Derivatives                    
Forward Contracts  $   $2,168   $   $2,168 
                     
Liability Derivatives                    
Forward Contracts  $   $(260)  $   $(260)

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Total Return Bond Fund

 

Asset Investments  Level 1   Level 2   Level 3   Total 
Bank Loans  $   $4,394,859   $   $4,394,859 
Corporate Debt       51,721,768        51,721,768 
Municipal Obligations       2,424,339        2,424,339 
Non-U.S. Government Agency Obligations       52,445,517        52,445,517 
Sovereign Debt Obligations       1,774,045        1,774,045 
U.S. Government Agency Obligations and Instrumentalities       122,515,233        122,515,233 
U.S. Treasury Obligations       128,785,939        128,785,939 
Common Stock   222,624            222,624 
Short-Term Investments   7,219,818    8,810,820       —    16,030,638 
Total Investments  $7,442,442   $372,872,520   $   $380,314,962 
                     
Asset Derivatives                    
Forward Contracts  $   $18,524   $   $18,524 
Futures Contracts   243,652            243,652 
Total  $243,652   $18,524   $   $262,176 
                     
Liability Derivatives                    
Forward Contracts  $   $(117,910)  $   $(117,910)
Futures Contracts   (26,180)           (26,180)
Swap Agreements       (81,647)       (81,647)
Total  $(26,180)  $(199,557)  $   $(225,737)

 

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

+Represents a security at $0 value as of September 30, 2024.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Derivative Instruments

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

 

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

 

Securities Lending

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

 

Each Fund expects that in connection with any securities on loan, the loan will be secured continuously by collateral consisting of cash (U.S. currency) and/or securities (U.S. Treasury and Agency obligations) adjusted daily to have value at least equal to the current market value of the securities loaned. The market value of the loaned securities is determined at the close of business of a Fund and any additional collateral is delivered to the Fund the next business day. The Funds bear the risk of loss with respect to the investment of cash collateral. As with other extensions of credit, the Funds may bear the risk of delay in recovery of the loaned securities or even loss of rights in the collateral should the Borrower of the securities fail financially. Pursuant to the Lending Agreement, the Agent has provided indemnification to the Funds in the event of default by a Borrower with respect to a loan. The Funds receive compensation for lending their securities in the form of a securities loan fee paid by the Borrower, as well as a share of the income earned on investment of the cash collateral received for the loaned securities. At September 30, 2024, the Funds' collateral was equal to or greater than 100% of the market value of securities on loan and all of the Funds' cash collateral was invested in the State Street Navigator Securities Lending Government Money Market Portfolio.

 

 

 

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Subject to the terms of the Lending Agreement and the agreement between the Agent and the applicable Borrower ("Borrowing Agreement"), security loans can be terminated by the Agent, the Fund, or the Borrower and the related securities must be returned within the earlier of the customary settlement period for such securities or the period of time specified in the Borrowing Agreement.

 

Accounting for Investment Transactions

Investment transactions are accounted for on the trade date. Realized gains and losses on sales of investments and unrealized appreciation and depreciation of investments are computed by the specific identification cost method. Proceeds received from litigation, if any, are included in realized gains on investment transactions for any investments that are no longer held in the portfolio and as a reduction in cost for investments that continue to be held in the portfolio. Interest income, adjusted for amortization of discounts and premiums on debt securities, is earned from the settlement date and is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date. Withholding taxes on foreign interest, dividends, and capital gains have been provided for in accordance with the applicable country's tax rules and rates. Foreign dividend income is recorded on the ex-dividend date or as soon as practicable after the Fund determines the existence of a dividend declaration after exercising reasonable due diligence. Distributions received on securities that represent a return of capital or capital gains are recorded as a reduction of cost of investments and/or as a realized gain.

 

Foreign Currency Translation

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

 

Foreign Securities

The Global Fund invests a significant amount of its assets in foreign securities and each of the Foreign Fund and International Equity Fund invests substantially all of its assets in foreign securities. The other Funds, except for the Allocation Funds, Feeder Fund, and MML American Funds Core Allocation Fund, may also invest in foreign securities. In addition, certain Underlying Funds or the Master Fund may invest in foreign securities. Foreign securities, including American Depositary Receipts, are subject to additional risks compared to securities of U.S. issuers, including international trade, currency, political, regulatory, public health, and diplomatic risks. In addition, fluctuations in currency exchange rates may favorably or unfavorably affect the values of foreign securities and the price of a Fund's shares. Emerging markets securities are subject to greater risks than securities issued in developed foreign markets, including less liquidity, less stringent investor protection and disclosure standards, less reliable settlement practices, greater price volatility, higher relative rates of inflation, greater political, economic, and social instability, greater custody and operational risks, greater risk of new or inconsistent government treatment of or restrictions on issuers and instruments, and greater volatility in currency exchange rates, and are more susceptible to environmental problems.

 

Market Risk 

The value of a Fund's portfolio securities may decline, at times sharply and unpredictably, as a result of unfavorable market-induced changes affecting particular industries, sectors, or issuers. Stock and bond markets can decline significantly in response to issuer, market, economic, industry, political, regulatory, geopolitical, public health, and other conditions, as well as investor perceptions of these conditions. A Fund is subject to risks affecting issuers, such as management performance, financial leverage, industry problems, and reduced demand for goods or services.

 

Federal Income Tax

It is each Fund's intent to continue to comply with the provisions of Subchapter M of the Code, applicable to a regulated investment company. Under such provisions, the Funds would not be subject to U.S. federal income taxes on their ordinary income and net realized capital gains to the extent they are distributed or deemed to have been distributed to their shareholders. Therefore, the Funds have not made any provision for U.S. federal income tax.

 

 

  

Notes to Portfolio of Investments (Unaudited) (Continued)

 

Dividends and Distributions to Shareholders

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

 

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

 

3. Federal Income Tax Information

At September 30, 2024, the aggregate cost of investments and the unrealized appreciation (depreciation) in the value of all investments owned by the Fund(s), as computed on a U.S. federal income tax basis, were as follows:

 

  

Federal Income

Tax Cost

  

Tax Basis

Unrealized

Appreciation

  

Tax Basis

Unrealized

(Depreciation)

  

Net Unrealized

Appreciation

(Depreciation)

 
Conservative Allocation Fund  $271,492,349   $6,790,540   $(16,854,481)  $(10,063,941)
Balanced Allocation Fund   323,886,604    10,956,800    (19,000,307)   (8,043,507)
Moderate Allocation Fund   1,096,928,941    43,323,036    (49,505,805)   (6,182,769)
Growth Allocation Fund   958,512,922    48,186,839    (37,051,658)   11,135,181 
Aggressive Allocation Fund   128,588,049    5,955,543    (2,772,686)   3,182,857 
MML American Funds Growth Fund   212,281,151    68,332,041        68,332,041 
MML American Funds Core Allocation Fund   549,328,221    95,142,192    (18,999,181)   76,143,011 
Blue Chip Growth Fund   289,543,817    219,858,235    (10,037,882)   209,820,353 
Equity Income Fund   262,312,545    94,568,231    (7,038,727)   87,529,504 
Equity Index Fund   285,773,760    368,318,192    (12,817,213)   355,500,979 
Focused Equity Fund   221,698,708    61,874,789    (617,345)   61,257,444 
Foreign Fund   159,758,769    33,985,994    (12,248,424)   21,737,570 
Fundamental Equity Fund   110,620,445    39,974,258    (1,755,560)   38,218,698 
Fundamental Value Fund   139,066,766    41,032,138    (1,044,129)   39,988,009 
Global Fund   104,315,203    33,237,699    (2,720,355)   30,517,344 
Income & Growth Fund   117,390,910    35,998,784    (2,388,975)   33,609,809 
International Equity Fund   215,047,495    41,785,248    (16,613,678)   25,171,570 
Large Cap Growth Fund   147,779,593    81,315,342    (8,518,347)   72,796,995 
Managed Volatility Fund   56,830,250    48,964,274    (2,358,992)   46,605,282 
Mid Cap Growth Fund   262,515,284    85,377,712    (10,222,736)   75,154,976 
Mid Cap Value Fund   255,646,279    26,507,255    (11,734,492)   14,772,763 
Small Cap Growth Equity Fund   122,229,101    42,319,432    (7,977,905)   34,341,527 
Small Company Value Fund   64,218,670    9,501,207    (5,088,235)   4,412,972 
Small/Mid Cap Value Fund   122,685,306    21,571,757    (8,508,071)   13,063,686 
Sustainable Equity Fund   98,014,310    52,873,568    (2,485,807)   50,387,761 
Total Return Bond Fund   385,066,077    3,803,333    (8,554,448)   (4,751,115)

 

4. New Accounting Pronouncements

In December 2022, FASB issued Accounting Standards Update 2022-06, ``Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848'' (``ASU 2022-06''). ASU 2022-06 is an update of ASU 2020-04, which responded to concerns about structural risks of interbank offered rates, and particularly the risk of cessation of LIBOR. ASU 2020-04 provides optional guidance for a limited period of time to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting. ASU 2020-04 is elective and applies to all entities, subject to meeting certain criteria, that have contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2022-06 defers the sunset date provision included in Topic 848. The amendments in this update are effective immediately through December 31, 2024, for all entities. Management has evaluated ASU 2022-06 and there is no material impact on the financial statements.