Investment objective & strategy
As of April 25, 2025 · prospectusObjective. To track the performance of the Standard & Poors MidCap 400 Composite Stock Price Index (S&P MidCap 400 Index).
Strategy. The S&P MidCap 400 Index consists of the common stock of approximately 400 mid capitalization companies. MetLife Investment Management, LLC (MIM or Subadviser), the subadviser to the Portfolio, manages the Portfolio by purchasing the common stocks of all the companies included in the S&P MidCap 400 Index. Although the Portfolio seeks to track the performance of the S&P MidCap 400 Index, its performance usually will not exactly match that of the index because, among other things, the Portfolio incurs operating expenses. The S&P MidCap 400 Index is an unmanaged group of common stocks, and therefore does not incur these expenses. As of December 31, 2024, the market capitalizations of companies in the S&P MidCap 400 Index ranged from $967.2 million … The S&P MidCap 400 Index consists of the common stock of approximately 400 mid capitalization companies. MetLife Investment Management, LLC (MIM or Subadviser), the subadviser to the Portfolio, manages the Portfolio by purchasing the common stocks of all the companies included in the S&P MidCap 400 Index. Although the Portfolio seeks to track the performance of the S&P MidCap 400 Index, its performance usually will not exactly match that of the index because, among other things, the Portfolio incurs operating expenses. The S&P MidCap 400 Index is an unmanaged group of common stocks, and therefore does not incur these expenses. As of December 31, 2024, the market capitalizations of companies in the S&P MidCap 400 Index ranged from $967.2 million to $23.4 billion. MIM, under normal circumstances, invests at least 80% of the Portfolios net assets in stocks included in a particular mid capitalization stock index. The Portfolio may also invest in real estate investment trusts. In seeking to track the performance of the S&P MidCap 400 Index, from time to time the Portfolio may focus its investments in one or more industries or sectors. MIM may rebalance the Portfolio due to, among other things, cash flows into and out of the Portfolio or changes in the S&P MidCap 400 Index.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SPDR S&P MidCap 400 ETF Trust | MDY | $25.10M | 2.23% |
| U.S. Treasury Bills | B | $12.08M | 1.07% |
| TECHNIPFMC PLC | — | $9.49M | 0.84% |
| CASEY'S GENERAL | — | $9.16M | 0.81% |
| UNITED THERAPEUTICS CORP DEL | — | $8.67M | 0.77% |
| CURTISS WRIGHT CORPORATION | — | $8.52M | 0.76% |
| FLEX LTD | — | $8.17M | 0.72% |
| XPO LOGISTICS INC | — | $7.73M | 0.69% |
| WOODWARD INC | — | $7.24M | 0.64% |
| TRS CANNABIST CO HOLDINGS INC/THE | — | $7.00M | 0.62% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| CVT S&P MidCap 400 Index Portfolio | 94% | 0.33% |
| LVIP SSGA Mid-Cap Index Fund | 92% | 0.35% |
| SFT Index 400 Mid-Cap Fund | 92% | 0.31% |
Advisers
| Firm | Role |
|---|---|
| METLIFE INVESTMENT MANAGEMENT, LLC | Sub-adviser |
| Brighthouse Investment Advisers, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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