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. The Fund is subject to risks affecting issuers, such as management performance, financial leverage, industry problems, and reduced demand for goods or services.
Non-Diversification Risk Because the Fund may invest a relatively large percentage of its assets in a single issuer or small number of issuers than a diversified fund, the Fund's performance could be closely tied to the value of one issuer or a small number of issuers and could be more volatile than the performance of a diversified fund.
Preferred Stock Risk Like other equity securities, preferred stock is subject to the risk that its value may decrease based on actual or perceived changes in the business or financial condition of the issuer. In addition, changes in interest rates may adversely affect the value of a preferred stock that pays a fixed dividend. Preferred stocks are also subject to additional risks, such as potentially greater volatility and risks related to deferral, non-cumulative dividends, subordination, liquidity, limited voting rights, and special redemption rights.
Sector Risk The Fund may allocate more of its assets to particular industries or to particular economic, market, or industry sectors than to others. This could increase the volatility of the Fund's portfolio, and the Fund's performance may be more susceptible to developments affecting issuers in those industries or sectors than if the Fund invested more broadly.
Valuation Risk The Fund is subject to the risk of mispricing or improper valuation of its investments, in particular to the extent that its securities are fair valued.
Performance Information
The following bar chart and table provide some indication of the risks of investing in the Fund. The bar chart shows changes in the Fund's performance from year to year for Initial Class shares. The table shows how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance and an additional index that provides a comparison for the Fund's returns without regard to investment style
(S&P 500® Index). Performance shown does not reflect the fees and expenses deducted under the variable life insurance or variable annuity contract through which you invest in the Fund. If these amounts were reflected, returns would be less than those shown. Past performance is not necessarily an indication of how the Fund will perform in the future.
Annual Performance
Initial Class Shares
|
Highest Quarter:
|
|
|
2Q '20,
|
|
|
27.72%
|
|
|
Lowest Quarter:
|
|
|
2Q '22,
|
|
|
-25.53%
|
|
Average Annual Total Returns
(for the periods ended December 31, 2023)
|
|
|
|
|
|
|
|
One
Year
|
|
|
|
Five
Years
|
|
|
|
Ten
Years
|
|
Initial Class
|
|
|
|
MML Blue
Chip Growth
Fund
|
|
|
|
|
|
49.53
|
%
|
|
|
|
|
|
|
12.93
|
%
|
|
|
|
|
|
|
12.05
|
%
|
|
|
Service Class
|
|
|
|
MML Blue
Chip Growth
Fund
|
|
|
|
|
|
49.09
|
%
|
|
|
|
|
|
|
12.64
|
%
|
|
|
|
|
|
|
11.76
|
%
|
|
|
Russell 1000® Growth Index
(reflects no deduction for fees,
expenses, or taxes)
|
|
|
|
|
|
42.68
|
%
|
|
|
|
|
|
|
19.50
|
%
|
|
|
|
|
|
|
14.86
|
%
|
|
|
S&P 500 Index (reflects no
deduction for fees, expenses, or
taxes)
|
|
|
|
|
|
26.29
|
%
|
|
|
|
|
|
|
15.69
|
%
|
|
|
|
|
|
|
12.03
|
%
|
|
|
MANAGEMENT
Investment Adviser: MML Investment Advisers, LLC ("MML Advisers")
Subadviser(s): T. Rowe Price Associates, Inc. ("T. Rowe Price")
Portfolio Manager(s):
Paul D. Greene II is a Portfolio Manager at T. Rowe Price. He has managed the Fund since October 2021.
PURCHASE AND SALE OF FUND SHARES
Shares of the Fund are generally available to separate investment accounts of variable life insurance and variable annuity contracts offered by companies such as MassMutual. An investor should consult the company issuing the investor's