MML Special Situations Fund
Data updated: 2022-11-29
C000155852 — MML Special Situations Fund. Developed ex-US Large Cap Blend / Core Equity · $23.62M AUM. Holdings, fees, performance and SEC filings.
C000155852 Fund Overview
MML Special Situations Fund is a US mutual fund managed by MML Series Investment Fund II, categorised as Developed ex-US Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: MML Series Investment Fund II
- Category: Developed ex-US Large Cap Blend / Core Equity
- Assets under management: $23.62M
- 1-year return: -40.0%
- SEC CIK: 0001317146
- SEC series ID: S000049315
- Share class ID: C000155852
C000155852 Investment Objective and Strategy
MML Special Situations Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by MML Series Investment Fund II.
Investment objective
This Fund seeks growth of capital over the long-term.
Principal investment strategy
The Fund invests primarily in common stocks of U.S. companies that are involved in special situations. A special situation might include, for example, a recently announced spin-off or divestiture, a change in dividend policy, involvement in a merger or acquisition transaction, a change in management, a significant change in ownership, or changes due to bankruptcy or insolvency process. The Fund may invest in companies of any market capitalization. The Funds subadviser, Barings LLC (Barings), expects that the Funds portfolio will initially emphasize large capitalization issuers, which are considered to be companies with market capitalizations at the time of purchase within the market capitalization range of companies included within the Russell 1000 Index (as of February 28, 2018, $496 million to $905.14 billion), although the Funds holdings of securities of different market capitalizations will vary over time, depending on market conditions generally and on the companies involved at the time (or that Barings expects to be involved) in special situations.
The Fund will typically invest primarily in common stocks. When Barings determines that there are an insufficient number of companies involved (or likely to be involved) in special situations, it may invest in any equity securities it considers to be consistent with the Funds objective of growth of capital over the long term. It may also invest in exchange-traded funds (ETFs) providing broad equity exposures or in derivatives, including swaps, futures contracts, and options, to gain broad exposures to equity markets. The Fund may at times have significant exposure to one or more industries or sectors. The Fund may hold a portion of its assets in cash or cash equivalents. To a lesser extent, the Fund may invest in common stocks of foreign issuers that are involved in special situations. The Fund is non-diversified, which means that it may hold larger positions in a smaller number of stocks than a diversified fund.
Barings uses its analytical process to evaluate special situation stocks based on factors such as a companys valuation, earnings quality, growth, and earnings improvement. Based on these rankings and other criteria, Barings seeks to construct a portfolio that it believes may have the potential to produce higher returns than the S&P 500 Index, the Funds benchmark securities index. Barings is not constrained by any particular investment style, and may at times tend to purchase growth stocks and at other times value stocks. The Fund expects that it will engage in active and frequent trading and so will typically have a relatively high portfolio turnover rate.
C000155852 Performance
Total returns for C000155852 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -40.0% |
| 3 years (annualised) | -3.2% |
C000155852 Risk Information
Risk metrics for C000155852, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 22.5%
C000155852 Costs and Fees
C000155852 costs about $116 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.16%
- Gross expense ratio: 1.21%
- Portfolio turnover: 52%
- Brokerage commissions: 1.27 bps of average net assets (SEC N-CEN)
C000155852 Cashflows
Over the 12 months to 2022-09, MML Special Situations Fund had net inflows of $4.31M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-09 | $13.42K |
| 2022-08 | $866.86K |
| 2022-07 | −$34.84K |
| 2022-06 | −$11.47K |
| 2022-05 | −$6.68K |
| 2022-04 | −$21.75K |
C000155852 Debt Constituents
No individual debt constituents are reported in MML Special Situations Fund's latest SEC N-PORT filing.
C000155852 Prospectus and SEC Filings
Official MML Special Situations Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-30
- Prospectus supplement (497) — filed 2020-12-09
- Portfolio holdings (N-PORT) — filed 2022-11-29
- Portfolio holdings (N-PORT) — filed 2022-08-26
- Portfolio holdings (N-PORT) — filed 2022-05-27
- Annual census (N-CEN) — filed 2022-03-16
- Annual census (N-CEN) — filed 2021-03-10
Related Funds
Other Developed ex-US Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.